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Re: How to achieve a balance between "saving" and "living"?!

Don't buy an expensive Street Glide. I've been motorcycling for 20+ years and the one thing I have learnt is that it does not take a super expensive motorcycle to enjoy the sport. I've had much more fun on a beater SV650 than an expensive Beemer. If you are all bent on a Harley, pick up a used Sport...
by thomasbayarea
Wed Sep 24, 2014 5:21 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6543

Re: Affording a 1.3 million home?

What am I missing?

You have $920k in savings before taxes. You want to buy a $1.3M house. You earn $275k/year.

Should be a walk in the park ... Good luck :sharebeer
by thomasbayarea
Thu Aug 07, 2014 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 11308

Re: Investing for Home Downpayment in Bay Area (California)

Save 20% and buy a house you can afford with your current salary. There is no advantage in waiting till you have saved 60%.
by thomasbayarea
Tue Aug 05, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for Home Downpayment in Bay Area (California)
Replies: 12
Views: 1124

Re: Taxable v/s pay down mortgage v/s I Savings Bonds

Grt2bOutdoors wrote:How stable is your employment? 6-9 months is on the low side of an e-fund.
Employment is fairly stable, by Silicon Valley standards :happy In the event of an extreme emergency, we have the Roths, i-bonds and home equity.
by thomasbayarea
Fri Jun 20, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 821

Re: Taxable v/s pay down mortgage v/s I Savings Bonds

MooseandBear wrote:Is a coverdell of interest? Small max each year but another tax advantaged account.
We have enough money invested in 529s so the additional $2k per year is not very attractive. Also, we don't want to overfund the 529s ... thanks.
by thomasbayarea
Fri Jun 20, 2014 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 821

Taxable v/s pay down mortgage v/s I Savings Bonds

To wise folks at Bogleheads.org, here is a brief summary - ** We maximize all tax advantaged contributions (401k, Roth-IRA and HSA), with the exception of I Savings Bonds ** We pay AMT ** We have very little taxable funds, almost all were liquidated to buy our house last year ** We hold a 5/5 PenFed...
by thomasbayarea
Thu Jun 19, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 821

Re: College & PhD vs $250k working

I did not read all the replies. Here are my thoughts. 1. PhD years always count as "experience". 2. My company regularly hires PhD Chemists and pays them upwards of $150k salary with $100-$200k in RSU/options, incentives. I recently made such an offer to a Stanford grad and he declined :oo...
by thomasbayarea
Wed Jun 11, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7646

Re: Boston with kids

Thanks everyone!
by thomasbayarea
Mon Jun 02, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Boston with kids
Replies: 10
Views: 570

Boston with kids

We are going to be in Boston (for a graduation) this week. We have two free days. Any recommendations on kids activities (aged 6 and 2)?

Thank you!
by thomasbayarea
Mon Jun 02, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Boston with kids
Replies: 10
Views: 570

Re: UCLA vs USC Decision [Which college to attend]

Why not run a simple A/B test? Create two identical resumes, one with USC+major and one with UCLA+major. Host them on indeed.com and check out how many hits you get from employers. My own Silicon Valley "gut feel" is that Econ majors are way more in demand than business majors and MBAs. UC...
by thomasbayarea
Thu May 15, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3824

Re: Talk me out of buying a Porsche convertible. Turning 40

The Accord Hybrid (probably a $35,000 car) will be more expensive than the Porsche.

The Porsche will always deliver more smiles per mile ... and that's what (often) counts.

Enjoy :sharebeer
by thomasbayarea
Wed May 14, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche convertible. Turning 40 soon
Replies: 42
Views: 5146

Re: Share your networth progression

The last two years have been interesting ...

Image
by thomasbayarea
Wed May 14, 2014 12:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 97
Views: 14355

Re: Stock Market to Plunge? What a friend said.

Sell! Sell! Sell!



/sarcasm
by thomasbayarea
Tue May 13, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6179

Re: Cars for tall people

I am also tall and have driven many cars. Two cars really stood out in terms of head room for tall people --

Mini Cooper convertible

VW New Beetle
by thomasbayarea
Sat May 10, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Cars for tall people
Replies: 35
Views: 2588

Re: Refi into Pen Fed 5/5 ARM

One thing that I did feel a bit odd about the loan though is that the index interest rate that they use to set the loan is sort of a vague "current index" and they reserve the right to change what index they use. If you dig through the fine print you can find the current details but it se...
by thomasbayarea
Wed May 07, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refi into Pen Fed 5/5 ARM
Replies: 5
Views: 855

Re: Which car to get?

My vote -->

1. C300
2. Accord
3. ILX
by thomasbayarea
Tue May 06, 2014 2:21 pm
 
Forum: Personal Consumer Issues
Topic: Which car to get?
Replies: 10
Views: 825

Re: Buying first home in SF - gut check

So we bought a house! We ended up increasing our budget (by increasing the down payment, not the mortgage) as we were not happy with the homes we saw in that price range save for a few that we got outbid on :( . But we ended up with a large 4 bedroom down-to-the-studs remodel in the exact neighborh...
by thomasbayarea
Fri May 02, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10154

Re: Bitcoin knockoff

My favorite has always been dogecoin
Image
by thomasbayarea
Mon Apr 14, 2014 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin knockoff
Replies: 6
Views: 699

Re: 1 Nice car vs 2 Decent cars (daily driver/weekend car)?

I have always been a two car guy (in addition to the wife's car). Porsche 911 is the weekend garage queen, and the Nissan Maxima or Toyota Prius have been the cheap commuters. Here are some ridiculous reasons I have used to justify this to myself.... If the Porsche breaks, there is no hurry to fix i...
by thomasbayarea
Sun Apr 06, 2014 10:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 Nice car vs 2 Decent cars (daily driver/weekend car)?
Replies: 34
Views: 2909

Re: Laid off today... TODO list?

Don't forget to...

Breathe, it's not the end of the world.

Celebrate, by that I mean wine or scotch, not champagne.

The rest is all easy :sharebeer
by thomasbayarea
Wed Apr 02, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12242

Re: Buying first home in SF - gut check

My wife and I are considering purchasing our first home in San Francisco. A little bit about us: Age: Both 28 Jobs: stable Income: ~$430k with vesting RSUs. If you consider salary only then ~$230k Portfolio: $2.5M (mostly diversified index funds but a small amount of that is vested company stock th...
by thomasbayarea
Thu Mar 27, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10154

Re: New Housing Bubble and upcoming cycle peak

Clearly_Irrational wrote:most likely peak somewhere in 2015 and the stock market crash sometime in 2016
Past performance does not necessarily predict future results.
by thomasbayarea
Tue Mar 25, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: New Housing Bubble and upcoming cycle peak
Replies: 81
Views: 9096

Re: Children: Are they worth every penny?

For me, children trump everything. They are worth MORE than every penny out there.

Unfortunately my wife's medical condition prevented us from having more than 2 kids. If you are healthy and children bring you joy - why not?
by thomasbayarea
Wed Mar 19, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Children: Are they worth every penny?
Replies: 68
Views: 5134

Re: Out the door price for new car

In California, Law AB 1215 limits dealer documentation fee to $80 . Pretty much every dealer charges that.

http://www.leginfo.ca.gov/pub/11-12/bil ... en_v94.pdf
by thomasbayarea
Tue Mar 18, 2014 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Out the door price for new car
Replies: 30
Views: 3115

Re: PenFed v. Truecar v. BJs v. Costco auto buying

They all use the same backend service: "Zag" which is owned and operated by Truecar.
by thomasbayarea
Thu Mar 06, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: PenFed v. Truecar v. BJs v. Costco auto buying
Replies: 24
Views: 4402

Re: 2010 Volvo V50 2.4i

Update -- Deal did not go through. Unresponsive dealer, too many add-on extra fees and ambiguous response to inspections, shipping, etc.

I guess I will keep on searching :D
by thomasbayarea
Wed Mar 05, 2014 1:21 pm
 
Forum: Personal Consumer Issues
Topic: 2010 Volvo V50 2.4i
Replies: 12
Views: 644

Re: Time for a new car?

Do not buy a new car!

At 25,000 miles a year, you are going to "destroy" the car in 6-8 years. You might as well destroy a 15k Camry instead of a 40k Lexus.
by thomasbayarea
Sun Mar 02, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Time for a new car?
Replies: 26
Views: 1320

Re: 2010 Volvo V50 2.4i

I would never buy a used car sight unseen. Factor in a 1-way flight cost (assuming you'll drive back) + the time into your online purchase "value" calculation. If that's a deal breaker, then I would move on and find something closer to home. Volvos are surprisingly expensive in the Bay Ar...
by thomasbayarea
Fri Feb 28, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: 2010 Volvo V50 2.4i
Replies: 12
Views: 644

Re: 2010 Volvo V50 2.4i

I am a long time Volvo owner. They can be very expensive to repair -- similar to other European cars like Audi, Mercedes, BMW. I have no experience with the V50, but can tell you that my S60, now 11 years old, can whack me pretty good. Nothing costs less than $400, and $1200 can happen at any time....
by thomasbayarea
Fri Feb 28, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: 2010 Volvo V50 2.4i
Replies: 12
Views: 644

Re: 2010 Volvo V50 2.4i

Can you specify what info you are looking for? Are you worried about the car model or the buying process (buying a car unseen and shipping the car)? Otherwise you will get bogleheads posting about Subarus being the best. :D I'm worried about: - Maintenance & repair costs on a 5 year old Volvo j...
by thomasbayarea
Thu Feb 27, 2014 9:25 pm
 
Forum: Personal Consumer Issues
Topic: 2010 Volvo V50 2.4i
Replies: 12
Views: 644

2010 Volvo V50 2.4i

I am buying a car for the wife, I was wondering if Bogleheads could chime in with some comments or advice. This car specifically Wife has fallen in love with Volvo's (especially the V50 wagons) so please don't recommend the Fit :D I'm going to strike a deal with the dealer and ship the car to Califo...
by thomasbayarea
Thu Feb 27, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: 2010 Volvo V50 2.4i
Replies: 12
Views: 644

Re: Market Crash Stategies?

Am I the only one here who loves market crashes?

I buy every Friday, rain or shine, crash or pop. I love down markets - i guess I'm a cheapskate.

PS: I have 30+ years to go.
by thomasbayarea
Thu Feb 20, 2014 12:21 am
 
Forum: Investing - Theory, News & General
Topic: Market Crash Stategies?
Replies: 40
Views: 3320

Re: Penfed 15/15 Adjustable Rate Mortgage

Unlike the 5/5 ARM, you will need to pay closing costs. This loan has a 1% origination fee on top of that. This loan also has a 6% adjustment cap. That's pretty steep, even if it is the only adjustment you'd have during the life of the loan. The initial rate isn't all that attractive, either. PenFe...
by thomasbayarea
Wed Feb 12, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Penfed 15/15 Adjustable Rate Mortgage
Replies: 7
Views: 1579

Penfed 15/15 Adjustable Rate Mortgage

Penfed now offers an interesting product: 15/15 ARM (i.e. a 30 year mortgage that resets only once midway)

https://www.penfed.org/1515-Adjustable-Rate-Mortgage/
by thomasbayarea
Wed Feb 12, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Penfed 15/15 Adjustable Rate Mortgage
Replies: 7
Views: 1579

Re: How long does it take to do your taxes?

Usually about 10 hours using TaxAct
by thomasbayarea
Mon Feb 10, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long does it take to do your taxes?
Replies: 53
Views: 3096

Re: PenFed 5/5 ARM at 2.875%??!!

2.75% today 2/5/2014
by thomasbayarea
Wed Feb 05, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed 5/5 ARM at 2.875%??!!
Replies: 64
Views: 9163

Re: Best ways to earn side income?

Side income can be realized only if you are interested or passionate about the idea. For me it has been - - Tennis lessons: easy money, at very high pay ($65/hr at least). But note that I've been a tennis player for over 20 years Math tutor: again, relatively easy money Auto broker and used car deal...
by thomasbayarea
Sun Jan 19, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Best ways to earn side income?
Replies: 13
Views: 2020

Re: How many folks have a dog?

Desert wrote:
thomasbayarea wrote:Here is my dog -->

That is a picture of a dog quite satisfied with his/her choice of an owner. :happy

Yes, true, we do pamper her whenever possible. But kids also do torture her every now and then :D She is the sweetest, most loving, most happy, stubborn and stupid dog we have ever had!
by thomasbayarea
Fri Jan 10, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: How many folks have a dog?
Replies: 112
Views: 7661

Re: Any Car Enthusiasts?

Yes, I am a car guy :D
Image
by thomasbayarea
Fri Jan 10, 2014 4:25 pm
 
Forum: Personal Consumer Issues
Topic: Any Car Enthusiasts?
Replies: 47
Views: 3206

Re: How many folks have a dog?

Here is my dog -->
Image
by thomasbayarea
Thu Jan 09, 2014 5:18 pm
 
Forum: Personal Consumer Issues
Topic: How many folks have a dog?
Replies: 112
Views: 7661

Re: Do you invest in a taxable account?

No.

We contribute annually:
2x 401(k)s = $35,000
2x backdoor Roth IRAs = $11,000
1 HSA = $5,000
2x 529 plans = $14,400

No money left for taxable!
by thomasbayarea
Sun Jan 05, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 7543

Re: The Funniest Movie Ever

"Best in show"
by thomasbayarea
Sat Jan 04, 2014 1:52 am
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 15043

Re: Who is lump-summing a fund on January 2, 2014?

I always backdoor a Roth IRA in the first week of Jan.
by thomasbayarea
Mon Dec 30, 2013 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Who is lump-summing a fund on January 2, 2014?
Replies: 49
Views: 4466

Re: Should I move to California from Midwest?

One of the biggest draws to the Bay Area is the opportunity. If you get laid off, downsized, or simply get bored, there are many other places nearby to find work. Or better yet, start something of your own. Engineering PhDs are always in demand here. I doubt the Midwest offers this much opportunity.
by thomasbayarea
Fri Dec 20, 2013 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 8097

Re: Paying Towards Principal On Mortgage

Not sure what you mean by "rebalance interest owed on loan", but the next months interest will be calculated based on the principal balanced owed. The total payment (principal + interest) does not change.
by thomasbayarea
Tue Dec 17, 2013 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying Towards Principal On Mortgage
Replies: 22
Views: 2498

Re: Recast Mortgage Advice

I would have told you, but I'm a Chelsea fan.
by thomasbayarea
Mon Dec 16, 2013 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recast Mortgage Advice
Replies: 7
Views: 713
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