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Re: What Movie Have You Recently Watched?

Just saw The End of the Tour, about an interview of the writer, David Foster Wallace, by David Lipsky of Rolling Stone magazine. I thought it was fantastic.
by travellight
Sun Jan 25, 2015 12:12 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 471
Views: 55091

Re: Annual Home Maintenance Expenses

I looked it up and did the math/accounting. For 2014, I spent $8313 on 2,439,000 value of homes. This is spread over 6 homes, most are about 80-100 years old. That is 0.3%. I spent 1% if I counted in taxes and insurance as well.
by travellight
Sat Jan 24, 2015 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annual Home Maintenance Expenses
Replies: 47
Views: 8083

Re: Google Chrome: is this a mega security problem?

great to learn about 2FA, thanks!
by travellight
Sat Jan 24, 2015 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6534

Re: Yearly Expenses - How am I doing?

Looks fine but my haircut/dry cleaner budget is zero. I cut my own hair and rarely dry clean. I try to buy washable clothes. My movie budget would be bigger though.
by travellight
Thu Jan 22, 2015 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yearly Expenses - How am I doing?
Replies: 21
Views: 2266

Re: Put out-of-state rental property in LLC's name?

I'll comment on the areas I have some history in.... I do LLCs but you're right that it is most important if you have high assets to protect. Many people do not do them and sleep just fine. I read about the annual report you have to file; maybe that varies state to state but I don't think I have to ...
by travellight
Thu Jan 22, 2015 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Put out-of-state rental property in LLC's name?
Replies: 14
Views: 1537

Re: What age did you hit $100,000?

Probably 30 when I started my first real job. Paid off all my student loan debt of 25k the first year by age 29 and made 170k my second year so I probably got there then around age 30 considering how frugal I was. It helps to do without and sacrifice and work really hard in your teens and twenties t...
by travellight
Wed Jan 21, 2015 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 5800

Re: How long did it take your net worth to go from $1.5M to

"abundance of sudden windfall posters (lottery, stock options, inheritances, outlandish wages"

Outlandish wages are not just lucky like lottery and inheritances. It might be interesting to find out how people got to those wages. I suspect only 10% got there with luck.
by travellight
Tue Jan 20, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did it take your net worth to go from $1.5M to $3M?
Replies: 22
Views: 4549

Re: First time vacation home - mortgage or purchase with cas

I agree that there is little to no tax benefit to a mortgage on your vacation home. I would pay cash if I were to do it. You have to avoid all the usual mistakes as listed above: buy something you will use often and love, it should suit your current and future needs, buy at a great deal/discount so ...
by travellight
Tue Jan 20, 2015 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: First time vacation home - mortgage or purchase with cash?
Replies: 10
Views: 762

Re: A quick poll--pension annuity vs. lump sum

Wow, mindboggling all the things to consider, BigJohn! I didn't even think about the fact that I can get the annuity pension and not spend it and invest it instead. That's one way to pass it on to the heirs!.... just live long. I also just found an RMD calculator and put in my current amount; it sho...
by travellight
Tue Jan 20, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3639

Re: A quick poll--pension annuity vs. lump sum

thanks, BigJohn. Just processing in this thread is helpful to me. I have just realized that I hope to be able to avoid using my pension at all which then of course would make lump sum more attractive as I could leave most of it to my heirs. I think I could live on my 401k and IRAs and SS and real es...
by travellight
Tue Jan 20, 2015 1:50 am
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3639

Re: A quick poll--pension annuity vs. lump sum

Thanks for that link, Leeraer and BigJohn! It looks like an annuity of 3 million would be the equivalent to the pension. So then, my question is whether there is a conventional translation of what lump sum would be fair and equivalent considering that it has perpetuity and can be passed on to heirs....
by travellight
Tue Jan 20, 2015 12:38 am
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3639

Re: A quick poll--pension annuity vs. lump sum

So many factors to consider! I generally have favored the annuity but some excellent points here for lump sum as well. I found sheepdog's actual numbers fascinating. If I was a male with no heirs, I would definitely take the annuity. Being female, I get less money due to projected longer life span. ...
by travellight
Mon Jan 19, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3639

Re: Downside of putting condo in a trust

I have single person LLCs for each property with separate insurance for each one with 500k liability. They are worth 300-550k each. I just insured them in my name. Maybe it should be in the LLC's names? I also have personal umbrella liability insurance for 3 million.
by travellight
Mon Jan 19, 2015 2:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Downside of putting condo in a trust
Replies: 29
Views: 2826

Re: Downside of putting condo in a trust

Carefreeap, I purchased a number of properties "cash" using funds available to me in my HELOC. Each property was purchased with an LLC. The purchases appear as cash purchases and there are no mortgages on each property. Would this method avoid piercing the corporate veil? Thanks.
by travellight
Sun Jan 18, 2015 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Downside of putting condo in a trust
Replies: 29
Views: 2826

Re: Why I like this forum

What a lovely post, protagonist. I agree with you entirely, and with Victoria particularly about retiredjg and Laura.

I also learned the meaning of granfalloon in this post and loved it. My laugh of the morning already!
by travellight
Sun Jan 18, 2015 12:43 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Why I like this forum
Replies: 34
Views: 2260

Re: Boglehead Beer

I like Squatters Full Suspension Pale ale.
by travellight
Sat Jan 17, 2015 4:06 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 475
Views: 67312

Re: How do I retire?

It would suck to be worth over 5 million and be depressed.

Your next job is to be worth over 5 million and be happy.
by travellight
Sat Jan 17, 2015 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4701

Re: Benefits of Second Home

I love my second home. It is 12 hrs drive away in a completely different setting. I fly there; cost is about $200 round trip but lately for the past two years, flights have been free due to credit card miles. I go there about 8 times a year (40-50 days).... $1600 travel cost but no hotel costs for t...
by travellight
Sat Jan 17, 2015 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits of Second Home
Replies: 35
Views: 3184

Re: If your networth is over $3 million, how did you do it?

"Is this a typo? You worked over 20hrs/day 6 days a week?" I doubt it is a typo. I calculated that I worked 126 hours a week during my term. At times, it was over 60 hours stretch starting at 5 am Saturday morning and continuously till 7 pm Monday night, if lucky maybe 2 hours of rest peri...
by travellight
Sat Jan 17, 2015 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 301
Views: 46127

Re: Should I Declare Victory and Pack It In?

I think you COULD do it. You would probably lead a reasonable and comfortable lifestyle. I personally would not choose to do that as I would want more of a buffer and want a more extravagant lifestyle when I retire. I would probably try to find a low key job that pays okay for 2-4 more years. Who kn...
by travellight
Fri Jan 16, 2015 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16556

Re: Invitation for a Visa Black Card

Yes, I know it isn't guaranteed, aussiedog, but my friend says she gets the first class upgrade over 90% of the time. She also would have paid to fly first class and travels frequently so for a high flying big spender like her, that cost may be worth it. Also, she flies her whole family first class ...
by travellight
Wed Jan 14, 2015 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2511

Re: Poll - How much is enough / what's your number?

I realize that I had two goals. First was a target goal of what I want to achieve to retire which was 2 million. Once I reached that, I developed a stretch goal which is 10 million. I replied with my current goal which is the stretch goal because apparently the target goal wasn't enough because I di...
by travellight
Wed Jan 14, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7499

Re: Invitation for a Visa Black Card

Yes, that AMEX black card is the top of the heap as far as I know. One of my friends has one and paid for a machine she negotiated a price on at a conference with it. The vendor gasped and said something about being incredulous she negotiated that hard when she is in the realm of someone who has THE...
by travellight
Wed Jan 14, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Invitation for a Visa Black Card
Replies: 18
Views: 2511

Re: Life-Teaching Topics for my Kids

In addition to the great suggestions above, I have occasional discussions about how to select a good life partner some day. It may seem premature but I'd rather plant the seeds than never have discussed it till he is going through the process.
by travellight
Wed Jan 14, 2015 11:03 am
 
Forum: Personal Consumer Issues
Topic: Life-Teaching Topics for my Kids
Replies: 42
Views: 2715

Re: Downside of putting condo in a trust

I thought trusts did save on costs and hassle after you die. Why do a living trust then? Who should do it? Seems like it is of no benefit to most people?
by travellight
Wed Jan 14, 2015 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Downside of putting condo in a trust
Replies: 29
Views: 2826

Re: rental property depreciation

Great information! Thanks.
by travellight
Wed Jan 14, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: rental property depreciation
Replies: 25
Views: 1857

Re: Keeping CC Receipts

What bugs me is finding new charges that I am not informed about after a hotel or car rental. They just slip it into your credit card charges after the transaction is done. I find it egregious that they don't alert you to notify you of this and if I didn't review my charges, I wouldn't have found ou...
by travellight
Mon Jan 12, 2015 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 3522

Re: HELOC as emergency fund - what am I missing?

I do use my HELOC as EF; I have two HELOCs with two different banks just in case one gets yanked.
by travellight
Sat Jan 10, 2015 12:43 am
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund - what am I missing?
Replies: 11
Views: 1498

Re: Thinking about retirement - it's depressing

Why not go for 10 million?!

Just kidding, kinda.... I actually agree with what J295 said as well.
by travellight
Fri Jan 09, 2015 1:57 am
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8517

Re: Net Worth Survey, 2015 Edition

lol, mss!
by travellight
Sat Jan 03, 2015 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21860

Re: Burglar Alarms and Monitoring Service

I use Lowes Iris system. Check it out.
by travellight
Sat Jan 03, 2015 6:35 pm
 
Forum: Personal Consumer Issues
Topic: Burglar Alarms and Monitoring Service
Replies: 13
Views: 1383

Re: Net Worth Survey, 2015 Edition

That would make sense, captainbrad, although I can see how that person may not feel FI yet if they are still working, have debt, and if net worth is in illiquid assets like real estate.
by travellight
Sat Jan 03, 2015 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21860

Re: 2% savings rate? Emerg Doc?

I think I read that penfed has a cd at 2%?
by travellight
Sat Jan 03, 2015 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2% savings rate? Emerg Doc?
Replies: 6
Views: 2042

Re: Rental Property Pros/Cons

Oh, I'm too scared to do investment RE in San Diego as well! I just live here. I invest elsewhere in lower cost places. I just can't see netting 20k per year on a 200k property. I mean, my gross rental income is only 15K! I get $1275/month on a property I bought for 195k and I pay taxes and insuranc...
by travellight
Fri Jan 02, 2015 7:20 pm
 
Forum: Investing - Theory, News & General
Topic: Rental Property Pros/Cons
Replies: 48
Views: 4265

Re: Net Worth Survey, 2015 Edition

Thanks bobblehead!
by travellight
Fri Jan 02, 2015 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21860

Re: Rental Property Pros/Cons

You need net profit of 20k per year on a 200k property? I don't even think I collect that much rent gross yearly on such a property; about $15300/year.
by travellight
Fri Jan 02, 2015 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: Rental Property Pros/Cons
Replies: 48
Views: 4265

Re: Rental Property Pros/Cons

I agree with knpstr's points. If you have the knack for real estate, it can be great. If you don't, it can be a nightmare. I have 6 properties over a 7 year span and am happy with it. I am not even taking advantage of the leverage that knpstr refers to. Real estate is about 90% of my net worth. I am...
by travellight
Fri Jan 02, 2015 6:36 pm
 
Forum: Investing - Theory, News & General
Topic: Rental Property Pros/Cons
Replies: 48
Views: 4265

Re: Post your 2015 New Year's Resolutions ITT

Focus on fitness here as well.
by travellight
Fri Jan 02, 2015 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Post your 2015 New Year's Resolutions ITT
Replies: 38
Views: 3497

Re: [Annual POLL] What was your 2014 return?

7.1% with 13% in bonds. I have zero new money going into bonds. 25% international.

I will probably decrease my international exposure next year to 15%.

It looks like my plan has a Roth 401k so I put all new money into that for 2015.
by travellight
Fri Jan 02, 2015 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 14079

Re: Do any other men here regulalry use skin care products?

What are the reasons for thinking Paula is off the mark, Vesperlynd?
by travellight
Tue Dec 30, 2014 12:29 pm
 
Forum: Personal Consumer Issues
Topic: Do any other men here regulalry use skin care products?
Replies: 45
Views: 3514

Re: Downhill and cross country ski destination

+1 for Utah. Over ten resorts within about an hour drive. My preference is Deer Valley, great food and skiing.
by travellight
Tue Dec 30, 2014 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Downhill and cross country ski destination
Replies: 18
Views: 1557

Re: Engaged - marriage penalty & other practical concerns

^ While pension and SS are sacrificed, one can certainly at the least create a living trust or will and designate the partner as the recipient. You can also designate the recipient for your 401K and such accounts, as well as your life insurance.
by travellight
Tue Dec 30, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3874

Re: Post your 2015 New Year's Resolutions and Age ITT

Your item #5 will serve you very well. :)
by travellight
Tue Dec 30, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Post your 2015 New Year's Resolutions ITT
Replies: 38
Views: 3497

Re: What did you enjoy spending money on this year?

-college tour this summer with my son
-other travel, about 10 trips
-seeing Bryan Cranston on Broadway from the front row in All the way
-fun new dresses
-splurge hotel near Santa Barbara
by travellight
Tue Dec 30, 2014 12:13 pm
 
Forum: Personal Consumer Issues
Topic: What did you enjoy spending money on this year?
Replies: 92
Views: 5935

Re: Engaged - marriage penalty & other practical concerns

I personally have chosen to avoid the marriage tax penalty. I might get married around age 65-70 to get pension and SS benefits for my partner.
by travellight
Tue Dec 30, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3874

Re: Shift from Accumulating to Income Generation for Retirem

I'm having fun just reading all the great advice, and a chuckle out of the etymology discussion.... sounds like it could be a show on NPR. Fund talk.
by travellight
Sun Dec 28, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: UPDATE: Shift from Accumulating to Income Generation for Ret
Replies: 48
Views: 3699

Re: I cannot make the jump and retire

I agree, bh. ^ I am in a similar position to the Op, except that I am not burned out, yet. I think it could be difficult to retire. I could find new things to occupy my time but for me, it may be challenging to have worked so hard for so long to get to where I am and actually disengaging and releasi...
by travellight
Sun Dec 28, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: I cannot make the jump and retire
Replies: 97
Views: 15582

Re: What percentage of your retirement expenses will be cove

"Anyhow, I work my butt off right now and don't really have much of a life otherwise; living well below my means." Is that the reason your name is Angst? lol, just kidding... I save a lot as well (~85%) but I feel like I have a full life and travel every month. I eat out frequently but it'...
by travellight
Sun Dec 28, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your retirement expenses will be covered
Replies: 34
Views: 3557

Re: Put out-of-state rental property in LLC's name?

I have my rental properties in LLCs in another state from where I live. The LLCs are in the state the properties are in. I have had no problems with banks allowing this. Even when buying, the bank is aware and the transaction is done in your own name and they follow up the next day with a quit claim...
by travellight
Sun Dec 28, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Put out-of-state rental property in LLC's name?
Replies: 14
Views: 1537

Re: What % of net worth is your home?

great post, rrouse!

Patrick, I agree with your comment... I think all one can tell is how much of your finances are tied up in your house. If I had the 1 million dollar house, I would still rather be at 10% of NW than 50%, lol.
by travellight
Sun Dec 28, 2014 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 10940
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