Search found 1958 matches

by DiscoBunny1979
Sun Aug 23, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to hold cash in Roth IRA?
Replies: 12
Views: 718

Re: Is it possible to hold cash in Roth IRA?

As others have said, you can put it in the money market. Vanguard unfortunately applies a 3000 minimum even to the money market. Funny, I often have less then $3000 in Prime Money Market and haven't received any warning from Vanguard. Perhaps I opened it with more. I think the minimum is for openin...
by DiscoBunny1979
Sat Aug 22, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house dad to son
Replies: 19
Views: 1404

Re: Selling house dad to son

I'm trying to see if I can buy my dad's house without incurring any taxes and would like some advice. This is two part question . . The first part is whether you want your Dad not to pay taxes on any sale of the house. The cap for individuals is $250K and for a couple $500K federally. But I don't s...
by DiscoBunny1979
Fri Aug 14, 2015 6:45 pm
Forum: Personal Consumer Issues
Topic: Saving a tree when installing a septic drain field
Replies: 5
Views: 398

Re: Saving a tree when installing a septic drain field

When I chopped down my 30 year old olive tree, and when it died, my septic backed up. Not saying that it was proved beyond a reasonable doubt that that's why my septic backed up, but it is ironic. I would not put leach lines or sewage pits near any trees that have long extending root systems that se...
by DiscoBunny1979
Fri Aug 14, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Sungevity versus SolarCity
Replies: 2
Views: 478

Re: Sungevity versus SolarCity

Buy outright, don't lease anything and don't buy from Solar City. You're welcome. Thanks for your response. However, I need to have more feedback as to why you believe leasing is not a better option than buying. Of course there is the lower over cost. For instance if Leasing Company "A" p...
by DiscoBunny1979
Thu Aug 13, 2015 12:38 am
Forum: Personal Consumer Issues
Topic: Sungevity versus SolarCity
Replies: 2
Views: 478

Sungevity versus SolarCity

I'm investigating Solar Options. I've decided not to buy outright for a number of reasons. So, this thread I'd like to address just if there is anyone on this board that has gone through the investigation process and how they have felt about dealing with either Sungevity (associated with Lowes) or S...
by DiscoBunny1979
Fri Jul 31, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 13
Views: 1126

Re: Inheritance - Buy House then Reverse Mortgage?

Another thing to consider is that in many states an Inherited Asset belongs to the person that inherits the asset - even when we're talking about married couples. Therefore, the OP should consider that the transfer of an "Inherited Asset" to one that might be considered "community pro...
by DiscoBunny1979
Thu Jul 30, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Buyer In CA
Replies: 11
Views: 1060

Re: First Time Buyer In CA

This might be a program where-as it is Lender-paid mortgage insurance versus Borrower-paid mortgage insurance. With Lender-paid, the cost of PMI is included in the interest rate. Unlike, Borrower-paid that the PMI can be cancelled once loan to value is under 80%, Lender paid cannot be cancelled beca...
by DiscoBunny1979
Thu Jul 30, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Appraisal Higher than Accepted Offer Price
Replies: 21
Views: 2017

Re: Appraisal Higher than Accepted Offer Price

IF the appraisal is based on both land and house, what percentage of the appraisal value is for land? My parent's house in San Jose is over the 1 million mark, but it would only take about $300,000 to put the same house on the lot. Make sure insurance documents reflect the actual rebuilding costs.
by DiscoBunny1979
Thu Jul 30, 2015 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 6674

Re: Keep paying the mortgage??

In my state it's not illegal for an agent to act as both selling and buying agent, however, it is definitely a conflict of interest because on one hand a selling agent just wants to sell the house and will skirt any questions regarding quality, mold, etc as they are not experts in those fields; and ...
by DiscoBunny1979
Sun Jul 26, 2015 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is selling our home the right decision?
Replies: 3
Views: 838

Re: Is selling our home the right decision?

While many folks buy and sell based upon emotion, it's important to make the decision as objective as possible like a Business decision, rather than a personal one. In my view, if one were to buy a house, one should not be relying on rental income to support the payment or partial payment. This is o...
by DiscoBunny1979
Tue Jun 30, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: Will removing a wood burning stove reduce my home value?
Replies: 16
Views: 1818

Re: Will removing a wood burning stove reduce my home value?

I'm not a realtor, but in my opinion this would be a location driven question. For instance where I live there are mostly wood burning fireplaces that have been converted to gas fireplaces. My particular fireplace is wood burning, floor to ceiling brick, but has a gas line built in that can be conve...
by DiscoBunny1979
Thu Jun 25, 2015 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Best Advice [Best single piece of advice to give a new investor]
Replies: 56
Views: 4996

Re: Best Advice [Best single piece of advice to give a new investor]

Invest in taking care of yourself first by eating right, getting adequate sleep, working out - because without physical health you won't be able to enjoy your "retirement". Then. . . 1)Automatically invest in your investment plan on a regular basis by having the contributions deducted from...
by DiscoBunny1979
Wed Jun 24, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3341

Re: tap IRA to pay off CC debt?

I've found the Chase Slate Card and the American Express Everyday Card to be good choices for 0% for a year + (although they have 2% or 3% transfer fees depending upon the offer).
by DiscoBunny1979
Tue Jun 23, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ask me anything - Mortgages
Replies: 29
Views: 3898

Re: Ask me anything - Mortgages

What type of loans exist for putting down 5 % and getting a 15% + 80% loan ? <--- poor wording, just clueless on loans I assume pay off the 15% loan and then PMI would go away ?? Excuse my ignorance , I'm trying to put 5% down and pay no PMI or as little PMI as possible. Options ? TIA You can typic...
by DiscoBunny1979
Fri Jun 12, 2015 2:34 pm
Forum: Personal Consumer Issues
Topic: Which is a best place to start learning yoga?
Replies: 31
Views: 3190

Re: Which is a best place to start learning yoga?

I disagree that a class or teacher is better than a DVD. For my own purposes, I didn't want to spend the extra time to drive to a gym just to suit up for some Yoga class. I wanted the privacy of my own home, where I can wear as little as I want ... and the special reason . . . Yoga has a tendency in...
by DiscoBunny1979
Sat May 30, 2015 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market in SoCal
Replies: 55
Views: 5956

Re: Housing Market in SoCal

One of the benefits of CA is prop 13 which locks in your property tax rate for life, folks that bought in the 1960-70-80s hit the jackpot because they're paying property tax as if their house if valued at 100-200k when they could sell it on the market for 600-800k. That's part of the problem with C...
by DiscoBunny1979
Fri May 15, 2015 5:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's email "The case for a global portfolio"
Replies: 46
Views: 4590

Re: Vanguard's email "The case for a global portfolio"

I currently have 18.3% of my retirement portfolio in International stocks, and the previous allocation Vanguard recommended of 20-40% has now changed to 30-50%. Thoughts on this change and your approach? I knew I'd be close to 20% and was going to hit that in the next few months to a year but to ge...
by DiscoBunny1979
Fri Mar 13, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Pet insurance?
Replies: 32
Views: 2315

Re: Pet insurance?

Insurance is exactly that - insurance. If I could scroll back the hands of time about 9 years ago when I cancelled the yearly premium on our dog insurance, I wouldn't have. Since the time I cancelled, I've had thousands of dollars of bills that would have been covered by the insurance - even though ...
by DiscoBunny1979
Wed Feb 25, 2015 1:54 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5661

Re: Buying a home in SF Bay Area

In my opinion, if one is single, without children, the best living arrangement is to live close enough to work so that you can cycle to work (or bus or train). By cycle I mean peddling to work. The reason is because my experience showed me that living too far just to afford a house (I lived in Santa...
by DiscoBunny1979
Mon Jul 14, 2014 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 5421

Re: Anyone here flip houses?

I am surprised no one has mentioned that if you live and stay in the house you are remodeling for 2 years you would then owe no tax on the capital gains. That is at least a 10% bonus for those that do that. I've thought about it seriously but never found the time or inclination. In my opinion, this...
by DiscoBunny1979
Wed Jul 09, 2014 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wife was hit by car while riding on bicyle. Next Step?
Replies: 46
Views: 5928

Re: Wife was hit by car while riding on bicyle. Next Step?

In my opinion, finding a lawyer to handle a case that has limited upside might be difficult. That's because most lawyers are in it to make money, not make friends. So, you have to evaluate what you believe the accident is worth to you. If you think you have a million dollars worth of accident, the a...
by DiscoBunny1979
Sat Jul 05, 2014 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Inappropriate to ask your boss about buying a home?
Replies: 24
Views: 2717

Re: Inappropriate to ask your boss about buying a home?

In my opinion, it's not necessarily inappropriate, BUT. . . usually there is a big spread in terms of salary $$ between the boss and those that are lower on the org chart. Therefore, the 'boss' could be wondering how can you, that earns "x" afford a house in 'this' area? So, the question i...
by DiscoBunny1979
Sun Jun 22, 2014 10:26 am
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 114
Views: 8947

Re: Retired Bogleheads want to relocate to California

The best bargain in Southern California for housing in terms of amount of land and type of house in my opinion would be in Yucca Valley, located about a 40 minute drive north of Palm Springs. Why? Because it offers about a 10 degree cooler temperature in Summer, the Marine Base located in 29 palms m...
by DiscoBunny1979
Wed Jun 18, 2014 2:12 pm
Forum: Personal Consumer Issues
Topic: Amsterdam
Replies: 14
Views: 1372

Re: Amsterdam

I second the Marriott. They have some services that other places might not. For instance, size of room was decent and showering facilities fine. However, if you aren't traveling during 'season' or at peak traveling time or during a holiday like New Years, finding a guest house flat is also fun becau...
by DiscoBunny1979
Mon May 19, 2014 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on house title - unmarried couple
Replies: 30
Views: 2392

Re: Advice on house title - unmarried couple

In my experience, the first thing to consider is what type of state does this couple live in? Is it a Community Property State? Some states have a rule that property obtained before marriage is the property of the spouse that acquired the property. Therefore even if they do get married, the Son has ...
by DiscoBunny1979
Sat May 10, 2014 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Getting Married! Is my plan still our plan?
Replies: 17
Views: 2004

Re: Getting Married! Is my plan still our plan?

Location: SoCal This is one of the most important things to know. In California, assets and debts obtained before marriage belong to the spouse that acquired them . . . unless there is a distinct co-mingling of funds whereas a distinction can't be made as to original ownership. Also, if you take on...
by DiscoBunny1979
Thu May 08, 2014 12:27 am
Forum: Personal Finance (Not Investing)
Topic: House Hunting - 2 Questions
Replies: 20
Views: 2263

Re: House Hunting - 2 Questions

The only question for the OP is whether the 1 million dollar house is such an upgrade that would require upgrading other things in their overall lifestyle - such as car, clothing, furniture, any renovations needed to such homes in that price range, landscaping, etc. The yearly property tax burden mi...
by DiscoBunny1979
Sun May 04, 2014 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Process for surviving spouse.
Replies: 50
Views: 5978

Re: Process for surviving spouse.

One parent, who had been in charge of finances/investments/etc passed away last week Close credit cards I would not close credit cards unless the one parent that surviving has credit in their own name. For instance in my family, my Mom was not sure if Dad passed away whether she would be able to us...
by DiscoBunny1979
Thu Apr 24, 2014 12:28 am
Forum: Personal Finance (Not Investing)
Topic: In-law Suite
Replies: 19
Views: 2072

Re: In-law Suite

The first concern of mine would be tax implications. For starters, in some places a remodel or adding square footage triggers a reassessment as to value. This in turn will increase early property taxes and in turn, you would be creating an escalation in property tax . . . because not only will you b...
by DiscoBunny1979
Wed Apr 23, 2014 9:43 pm
Forum: Personal Consumer Issues
Topic: Need Ear Bud Recommendation
Replies: 34
Views: 6164

Re: Need Ear Bud Recommendation

When did it all of a sudden become "OK" to ride a bicycle or drive a car with both ears attached to a headset device? As far as I know where I live, California, it is still illegal to drive a car or ride a bicycle by having your ears covered with any kind of headphone or earbuds. Where doe...
by DiscoBunny1979
Sat Apr 19, 2014 11:02 pm
Forum: Personal Consumer Issues
Topic: "New" car has crack in windshield, dent on trunk
Replies: 7
Views: 1000

Re: "New" car has crack in windshield, dent on trunk

Years ago I bought a pre-owned Jeep Grand Cherokee from what I considered a very well known and respected dealership. I test drove it, looked it over from top to bottom twice, negotiated what I thought was a great price, they washed it before they released it to me . . . . and I drove it off the lot...
by DiscoBunny1979
Thu Apr 17, 2014 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2650

Re: Just had offer accepted on a house! (Advice pls!)

In my area an inspector is only required to note what he can see. For instance, if there are any plants blocking views around the sides of the house, then he doesn't have to poke his nose behind the bushes to inspect mold or cracks. He can note what he sees, but doesn't have to dig his way into thin...
by DiscoBunny1979
Tue Apr 15, 2014 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $10K in my investments past few months
Replies: 38
Views: 11914

Re: Lost $10K in my investments past few months

In answer to the OP....I treat my mutual fund core holding (STAR Fund) as different than the only single stock I use to own. STAR Fund is more or less forever; whereas the biotech stock I owned was my bet on a certain technology. Well, the stock tripled so over the past month or so I've been a selle...
by DiscoBunny1979
Mon Apr 07, 2014 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Home improvement plans not filed with town?
Replies: 21
Views: 1084

Re: Home improvement plans not filed with town?

Where I live, many people finish off their garage as an additional "living space" and then add another covered parking space or garage with permits to make it 'legal'. But many people do not go through the Permit process because they don't want their property tax bill to increase (property...
by DiscoBunny1979
Thu Apr 03, 2014 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Urge to buy a house every rent increase
Replies: 29
Views: 1793

Re: Urge to buy a house every rent increase

Buying versus renting is a lifestyle choice. I use to disagree with the notion that a home is a consumer item, but the more I look at it that way, the more I am convinced it is true. The question . . . can a consumer item also be an investment? In a perfect world, I don't believe one should count on...
by DiscoBunny1979
Mon Mar 31, 2014 9:33 pm
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 3282

Re: Saving on major renovations

It's been my experience that almost no one will like your improvements and will always find something to complain about. For instance, not liking the choice of Granite, having OR not having Stainless Steel Appliances, type of cabinets, having or NOT having 2 sinks in bathrooms, type and color of car...
by DiscoBunny1979
Wed Mar 19, 2014 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Acquiring Debt - Marriage
Replies: 28
Views: 2998

Re: Acquiring Debt - Marriage

In my opinion, debts acquired before Marriage are the responsibility of the spouse that acquired the debt. The problem - if you live in a state that is not a Community Property State (or even one that is), assuming debts that are not yours from before marriage can be interpreted by a divorce court a...
by DiscoBunny1979
Sat Mar 08, 2014 4:09 pm
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 5408

Re: Staying the Course has never been harder

There's an expression made popular by a particular person on an investment show . . . Bulls make money, Bears make money, and Pigs get slaughtered. While this mostly refers to those that don't take some gains off the table while they have them, I think this can be applied to the OP's topic. The reas...
by DiscoBunny1979
Fri Feb 07, 2014 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: 27yr old. Help with Vanguard Roth IRA- Beginner
Replies: 9
Views: 861

Re: 27yr old. Help with Vanguard Roth IRA- Beginner

I disagree with most of the prior posters on the STAR Fund. The STAR Fund was created for exactly the reason the OP wants to invest. It was created not as a 'starter' fund, but a fund to give someone adequate exposure to various areas of the market, so that a person, while not having every spot on a...
by DiscoBunny1979
Thu Jan 23, 2014 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Seller getting Real Estate Appraisal
Replies: 9
Views: 1110

Re: Seller getting Real Estate Appraisal

Since many of the real estate transaction are being done in cash, there is no need for an appraisal on your end. You should know either the value of the house or what you're willing to part with it for. A cash transaction doesn't require an appraisal and therefore such buyer will pay a price they th...
by DiscoBunny1979
Wed Jan 22, 2014 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: My First Home Purchase!
Replies: 20
Views: 2009

Re: My First Home Purchase!

My experience with VA loans is that they are a great way for first time home buyers to buy a home. And here's the 'however'. However, most VA loans have required the home owner to occupy. There must be a clause in the VA loan to authorize the renting out of the home or else you have to inform the ba...
by DiscoBunny1979
Thu Jan 16, 2014 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Star
Replies: 7
Views: 1363

Re: Vanguard Star

I've been investing in STAR for my ROTH IRA for about 8 years now and after reviewing a lot of the options out there, the idea of 'investing' in a fund like this isn't to hit every single thing perfectly. What you want to do is cast a net wide enough that over the long-run you will have a satisfacto...
by DiscoBunny1979
Mon Jan 13, 2014 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Our Starter Home - Pros and Cons
Replies: 31
Views: 3185

Re: Renting Our Starter Home - Pros and Cons

I spoke with our bank and they would give us a second loan to purchase another home at the amount we would need if we can rent our current place. My opinion is that one should never get a loan on another house based on rental income from another property to cover that note. This is how one gets for...
by DiscoBunny1979
Mon Jan 13, 2014 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Buying a foreclosed house
Replies: 16
Views: 1548

Re: Buying a foreclosed house

I never talk to neighbors. If you have to do that to gauge the area, dont buy. You need to know the area. Meet the neighbors to meet them. House condition tells you what went on there. Oh yeah, it was repo'd... Never hosed a roof. Never seen it done. Roof condition evident from ground. If questiona...
by DiscoBunny1979
Wed Jan 08, 2014 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: maxing Roth IRA at once?
Replies: 11
Views: 599

Re: maxing Roth IRA at once?

The long range trend of the market is up, but there will sometimes be a losing year when the market will be lower at year end ---------------------------- In my opinion, this might be misleading to a new investor. The long range trend is based upon the past. Borrowing a Motley Fool expression that ...
by DiscoBunny1979
Sat Jan 04, 2014 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question on House Affordability.
Replies: 25
Views: 1803

Re: Question on House Affordability.

I would investigate the actual cost of insurance for a house in San Diego. I live in Southern CA and my insurance is $!600+ a year based on rebuilding cost of approximately $300K. That does not include Earthquake insurance. Rebuilding cost is important because my purchase price of $170K doesn't fact...
by DiscoBunny1979
Sat Jan 04, 2014 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What metric to determine refi?
Replies: 17
Views: 739

Re: What metric to determine refi?

Jimb, thank you for the detailed response. When I perused through the mortgage professor site referenced in the second post, he includes all the factors you mentioned. I didn't quite understand but your explanation makes it clearer. I'm in the 28% fed and 9.3% CA tax brackets. I max both my 403b/45...
by DiscoBunny1979
Thu Dec 26, 2013 12:58 am
Forum: Personal Consumer Issues
Topic: Grilling: Propane, natural gas, and electric?
Replies: 65
Views: 16745

Re: Grilling: Propane, natural gas, and electric?

I have a nice stainless steel grill I bought for about $1200 a few years ago and It sits quietly under it's protective cover most of the year because even though I connected it to the NG line so conveniently located on the outside wall by the kitchen, I found out I dislike cleaning it and polishing ...
by DiscoBunny1979
Sat Dec 21, 2013 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Bad Time to Jump In?
Replies: 37
Views: 3707

Re: Bad Time to Jump In?

First time investor, I have been dragging my feet on opening an account with either Vanguard or Fidelity for about 6 months. I'm looking to invest about $50,000 but now, with Dow so high and the "bull market" seemingly peaking, should I wait a couple months before investing? It just seems...
by DiscoBunny1979
Tue Dec 17, 2013 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 5066

Re: Career advice for niece (without College degree)

Kids who skip college impress me - why spend four years cramming for finals and supporting the industrial-education complex? Unless you're a STEM major, in most cases there's little point IMO. College ain't cheap anymore. I'm sorry, but this is very short sighted. I've worked at Computer Companies ...

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