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Re: Landlording for long-term wealth? Who's doing it?

I'm not exactly sure I'm doing it for long-term wealth but I'll bite anyway. :happy I bought a duplex 10 years ago as a way to sort of subsidize my mortgage (I live in one side and rent out the other still to this day). Its been great for me so far as my housing expenses have been very, very low and...
by travelnut11
Tue Jul 29, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7453

Re: Footwear in Vietnam

What are your planned activities? I was in Cambodia and Laos in January and pretty much lived in my flip-flops even climbing over the different temples. Admittedly I stubbed my toes a few times but it was way too hot for closed toed shoes and socks. The only time I wore my light hikers was for a mou...
by travelnut11
Mon Jul 14, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: Footwear in Vietnam
Replies: 25
Views: 2126

Re: Do assets help with mortgage rates?

I just applied for pre-approval last week and the only interest they had in my retirement assets was to demonstrate that I have 6 months mortgage payments in reserve (in addition to proof of the accounts where I plan to pull my down payment from).
by travelnut11
Thu May 29, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do assets help with mortgage rates?
Replies: 11
Views: 1154

Re: Taking a leave of absence for one year

I think for me the key was that I had very few expenses and those I had were rather low. The only expense I had was a mortgage and associated utilities. I rented out my house while I was gone at a net loss of about $200 a month including the utilities so not a big deal. No car payment, no student lo...
by travelnut11
Fri May 16, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2810

Re: Taking a leave of absence for one year

I did this, under very particular and unusual circumstances. I was working for a company out on the West Coast, but for personal reasons, was very interested in the possibility of returning to the NY area. My company is a global one, but did not then have a position in NY. I applied for and was off...
by travelnut11
Wed May 14, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2810

Re: Taking a leave of absence for one year

I have done this. Seven years ago when I turned 30 I requested and was granted a personal leave-of-absence for 9 months where I spent 3 months traveling in the US/Canada and 6 months in South America. I would've done a year except 9 months was the max the company would grant and allow me to return t...
by travelnut11
Wed May 14, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2810

Re: Should wife take new job offer- pregnant? FMLA issues?

Anecdotally I have several friends that found out they were pregnant after starting new jobs. I'm sure the companies were not thrilled but it was not a problem and they took their full FMLA leave and came back to be great employees for many years after the leave. It's hard to say how an individual c...
by travelnut11
Fri May 09, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should wife take new job offer- pregnant? FMLA issues?
Replies: 24
Views: 1352

Re: Life Term Insurance? 32 yrs old. [Help requested]

Medical exams ensure better rates, even one without medical exams will anyway pull your medical records for past 3 years (You need to sign authorizing them). So by avoiding exam you are not showing them your present and Insurance company still have visibility into your past. My medical records were...
by travelnut11
Wed Apr 30, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Term Insurance? 32 yrs old. [Help requested]
Replies: 41
Views: 2477

Re: Life Term Insurance? 32 yrs old. [Help requested]

Gotcha BruDude. When you said policies "of a certain size" I thought you were referring to the lower $350K limit and I wanted to point out that you can get a higher policy limit without the exam. :happy
by travelnut11
Wed Apr 30, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Term Insurance? 32 yrs old. [Help requested]
Replies: 41
Views: 2477

Re: Life Term Insurance? 32 yrs old. [Help requested]

Policies that require a medical exam will be half the price of policies that don't, and non-medical policies are generally limited to a maximum benefit of $350k or less. Some companies that normally require an exam have relaxed their underwriting and may only require a phone interview for policies ...
by travelnut11
Wed Apr 30, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Term Insurance? 32 yrs old. [Help requested]
Replies: 41
Views: 2477

Re: best cat litter and price

I like the Nature's Miracle litter because it doesn't have a strong perfumey smell and my cat seems to like that better than the old stuff. I also made a very large homemade litter box from a plastic Target tub and she hasn't gone outside the litter box in ages. I think her prior litter box was too ...
by travelnut11
Tue Apr 29, 2014 5:23 pm
 
Forum: Personal Consumer Issues
Topic: best cat litter and price
Replies: 11
Views: 734

Re: Life Term Insurance? 32 yrs old. [Help requested]

I recently used term4sale.com to get quotes for myself and my husband who are a little older than you (37) but in good health. I ended up with a 20 year, $1 million dollar policy requiring no medical exam for $479 per year. My husband did have to do an exam and ended up in the 2nd best category for ...
by travelnut11
Tue Apr 29, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Term Insurance? 32 yrs old. [Help requested]
Replies: 41
Views: 2477

Re: Quick Help Needed - Renting with absentee landlord

From the other side of this coin, I'm a landlord who refuses to rent to anyone I have not met in person with a photo ID. No exceptions. It has probably cost me a few good tenants over the years who were moving here from afar and were totally legitimate but you just never know. It's too risky to me ...
by travelnut11
Mon Apr 28, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Help Needed - Renting with absentee landlord
Replies: 12
Views: 2689

Re: Quick Help Needed - Renting with absentee landlord

From the other side of this coin, I'm a landlord who refuses to rent to anyone I have not met in person with a photo ID. No exceptions. It has probably cost me a few good tenants over the years who were moving here from afar and were totally legitimate but you just never know. It's too risky to me e...
by travelnut11
Mon Apr 28, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Help Needed - Renting with absentee landlord
Replies: 12
Views: 2689

Re: 30yo, just married, need some guidance

For the record the financial risk and cost in delayed childbearing go up every year after age 30 if you actually want to have kids. Cost of fertility treatment is 20-50K and the need for it increases by about 10% per year. It is generally uninsurable. Since the probability of it working goes down e...
by travelnut11
Sat Apr 26, 2014 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: 30yo, just married, need some guidance
Replies: 24
Views: 4910

Re: 30yo, just married, need some guidance

For the record the financial risk and cost in delayed childbearing go up every year after age 30 if you actually want to have kids. Cost of fertility treatment is 20-50K and the need for it increases by about 10% per year. It is generally uninsurable. Since the probability of it working goes down e...
by travelnut11
Fri Apr 25, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: 30yo, just married, need some guidance
Replies: 24
Views: 4910

Re: Getting Out of Contract w/ATT Uverse

I feel your pain on this. We upgraded to their fastest internet service and my whole system (cable,internet,VOIP phone) fell apart. We had a bunch of techs out and the problems were ongoing. In the midst of this we had a European vacation and since we've come back its been much more stable so we're ...
by travelnut11
Mon Apr 14, 2014 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Getting Out of Contract w/ATT Uverse
Replies: 3
Views: 628

Re: Proper Money management and itinerary for Europe trip

I'm just back from my honeymoon in Venice and Umbria/Tuscany. We did Rome last year for 6 days too. Make sure you report back which city you preferred...I find people tend to fall in one camp or another. We loved Rome and 6 days was not enough. Venice was sort of "meh" for us...3 full days...
by travelnut11
Sun Apr 13, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proper Money management and itinerary for Europe trip
Replies: 36
Views: 2560

Re: Do i need a new cpa?

I also hate my CPA but am sort of at a loss as to how to find a good one. She was recommended to me 10 years ago but if I didn't have rental properties I would just do it myself. I wonder how difficult it is to switch to a new CPA if she has all of my records on file including the various depreciati...
by travelnut11
Sat Feb 22, 2014 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do i need a new cpa?
Replies: 10
Views: 1156

Re: Skip IRA for 1 year to buy engagement ring

I might suggest going ring shopping to my boyfriend, especially if I wanted to steer him to the cheaper rings, lol. I would worry that if left to his own devices, he might think that he had to spend a lot of money on a big flashy ring to pick out for a public proposal. Neither of which I would like...
by travelnut11
Wed Feb 19, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 194
Views: 13404

Re: Less Obvious Travel Spots

Nicaragua is amazing...I can definitely recommend it. Go before it becomes Costa Rica. I didn't make it here on my Nicaraguan trip but the Corn Islands in Nica are supposed to be amazing and a true "desert isle" experience. I just came back from Luang Prabang and while it was lovely it is ...
by travelnut11
Tue Feb 11, 2014 9:48 am
 
Forum: Personal Consumer Issues
Topic: .....
Replies: 64
Views: 5924

Re: Raising kids in a small town vs. big city/suburbs

I find it interesting that you lump big city and suburbs as the same category? I think small town and big city and suburbs are three distinctly different things. Or if anything, I'd lump small town/suburbs together and big city separately. In general, I think kids can do well under a wide variety of...
by travelnut11
Mon Feb 10, 2014 9:45 pm
 
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 5762

Re: How much financial support should you give your kids?

Ten years ago my father passed away and left each of his three kids approximately $100K each. Here's how their stories played out: Travelnut11 (age 26 at the time): had already been working in a professional job a few years, knew about investing, had a 401k, struggled as a young professional on a lo...
by travelnut11
Mon Feb 03, 2014 6:25 am
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3357

Re: Best Boglehead lesson

Backdoor Roth for sure. I had a handle on keeping expenses low, starting early, index funds, Vanguard, etc. when I started here but I had no clue about the Backdoor Roth. I don't need it yet but hope to some day exceed the income threshold so have my Fidelity solo 401k all set-up to accept my old em...
by travelnut11
Mon Jan 13, 2014 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: Best Boglehead lesson
Replies: 74
Views: 5631

Re: High Earners - What's Your Profession?

Statistical programmer in biotech/pharma industry.
by travelnut11
Sun Jan 12, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28457

Re: What are your financial goals for 2014?

I'm getting married next year so merging finances should be interesting. Goals by the end of the year: 1. Max Her 401k - done 2. Max His 401k - at 15% now so need to bump up a bit. 3. Max Her Roth IRA - done 4. Max His Roth IRA - need to open 5. Max Her HSA - done 6. Initiate a "practice" ...
by travelnut11
Fri Dec 27, 2013 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals for 2014?
Replies: 56
Views: 4380

Re: Tipping Movers

When my fiancee moved in last year we had two really amazing guys moving a 2 bedroom apartment into my house in Wisconsin in February. We originally planned for $20 per person but then they ended up expending a lot of effort to get a treadmill into our basement that we didn't realize was going to be...
by travelnut11
Thu Dec 19, 2013 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Tipping Movers
Replies: 41
Views: 2027

Re: Remote Worker: State tax Implications: NJ & CA

I've been a remote worker for 10+ years and have only ever been taxed in my state of residence. I don't think my company had a "presence" in my state either when I started but they just had to fill out some extra papers to withhold taxes from my state. I never got the impression that it wa...
by travelnut11
Fri Dec 13, 2013 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Remote Worker: State tax Implications: NJ & CA
Replies: 3
Views: 334

Re: Wine for daily consumption?

My fiancee is a wine distributor and says Bota is the best of the boxed wine. For daily drinking we do a lot of Concha y Toro red varietals and right now we're drinking a lot of Michel Torino (Malbec mostly, some Cab and Pinot Noir).
by travelnut11
Tue Dec 03, 2013 11:05 pm
 
Forum: Personal Consumer Issues
Topic: Wine for daily consumption?
Replies: 105
Views: 5554

Re: Elope to Save Money?

I'm getting married March 1 next year and we're pseudo-eloping in that we're doing it by ourselves but people will know that we're getting married and when we're getting married. I'm not sure yet if they'll know where or if we'll keep that part a secret. We're going for the weekend to this amazing b...
by travelnut11
Sun Oct 27, 2013 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Elope to Save Money?
Replies: 79
Views: 5514

Re: Insufficient Short Term Disability Maternity Insurance,

I suspect your HR rep may be correct. I recently looked into my own employee benefit STD policy for maternity and found the same thing: 6 weeks for vaginal, 8 weeks for c-section but they don't pay out for the first week as it is the waiting period.
by travelnut11
Sat Sep 21, 2013 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insufficient Short Term Disability Maternity Insurance, UNUM
Replies: 14
Views: 1927

Re: Taking a year off with 600,000 need a bit of passive inc

Sounds great! I did this about 6 years ago for my 30th birthday and had a lot less in the bank upon my return than you do so you'll be just fine. I was on a leave of absence though so didn't need to worry about finding a new job. I only spent about $15K for 6 months in South America on what I would ...
by travelnut11
Wed Aug 21, 2013 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Taking a year off with 600,000 need a bit of passive income.
Replies: 23
Views: 3252

Re: Community Supported Agriculture (CSA)

I love my CSA farms. I do two separate ones...one for summer (approximately June through October) and one for fall/winter storage (November through January). There are spring shares available too but I tire of greens easily and usually skip it. My area has a lot of CSA options and I've tried a few d...
by travelnut11
Mon Aug 12, 2013 9:01 am
 
Forum: Personal Consumer Issues
Topic: Community Supported Agriculture (CSA)
Replies: 14
Views: 738

Re: Guaranteed to Need Repair in 3-5 Years

Hello, I bought a brand new refrigerator over the weekend. According to the salesperson, all new refrigerators are guaranteed to break down in the first 3-5 years. He said that this was because to meet Energy Star requirements, new refrigerators, regardless of the brand or model, use smaller compre...
by travelnut11
Mon Jun 10, 2013 2:55 pm
 
Forum: Personal Consumer Issues
Topic: Guaranteed to Need Repair in 3-5 Years
Replies: 31
Views: 3037

Re: New Home Buyer - Mortgage Options

The first thing that pops out to me is that a $383K house on $78K income sounds a little insane to me. I would be agonizing over buying a house that expensive and my household income is about $175K. Do you have extremely low property taxes and/or live in a HCOL area? Really think this over before yo...
by travelnut11
Sat May 04, 2013 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Home Buyer - Mortgage Options
Replies: 10
Views: 941

Re: Your best financial move

Bought a duplex in 2004 where I live in one side and rent out the other. After 9 years I live here for free and bank a good chunk of my salary with plenty left over for my favorite activity: traveling.
by travelnut11
Sun Apr 28, 2013 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Your best financial move
Replies: 98
Views: 7915

Re: solo 401k "plan contribution rate"

Thanks tfb, the spreadsheet was helpful to give me another data point to work with. She agreed with me that the "contribution rate" number she was looking for was 25% and the amount she figured out for my maximum contribution was pretty close to what the various calculators/spreadsheets ca...
by travelnut11
Mon Mar 25, 2013 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k "plan contribution rate"
Replies: 5
Views: 1096

Re: solo 401k "plan contribution rate"

Thanks for the detailed analysis Bruce. The Fidelity calculator doesn't take into account the fact that I've already contributed the $17K through my regular W-2 job so it was pretty useless to me. The rep on the phone said that the employer portion I'm allowed to contribute would be the same amount ...
by travelnut11
Mon Mar 25, 2013 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k "plan contribution rate"
Replies: 5
Views: 1096

solo 401k "plan contribution rate"

In 2012 I worked both a W-2 job where I maxed out my 401k and also did $18,750 in self-employment 1099 income. I opened my solo 401k with Fidelity at the end of 2012 but have been waiting to make my contribution until my taxes were completed and my accountant could tell me the max amount I can contr...
by travelnut11
Mon Mar 25, 2013 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k "plan contribution rate"
Replies: 5
Views: 1096

Re: recommend a online background/credit check service

I just used this Transunion service for the first time this week and was happy with it. $25 for a credit/criminal background check and no need for an inspection. It does require some savvy on the part of the tenant as they need to electronically confirm that they give permission for me to check thei...
by travelnut11
Sun Mar 24, 2013 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: recommend a online background/credit check service
Replies: 9
Views: 892

Re: Need advice: Taking a year off to travel

I would say do it. I really hope to do the same when I have kids though my plan would be when they were 10/11/12. To me that is the sweet spot between childhood and adolescence. They're still kids that want to hang out with their parents but are starting to form their own ideas and will definitely r...
by travelnut11
Sun Mar 24, 2013 4:58 pm
 
Forum: Personal Consumer Issues
Topic: Need advice: Taking a year off to travel
Replies: 55
Views: 3605

Re: Telecommute Question

I've been a full-time telecommuter for the last 10 years and love it. I'm not sure I can ever actually go back to working in an office. I'm a statistical programmer who analyzes clinical trials data and fortunately my client has a long history of embracing telecommuting. Pretty much everyone on my p...
by travelnut11
Tue Mar 19, 2013 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telecommute Question
Replies: 5
Views: 1067

Re: Mathematicians or statisticians here? Seeking your advic

I'm seriously thinking of quitting my day job and going all-in on this. I'm not a mathematician but what is your day job? I'm thinking that there might be some overlap. I know someone that is a bit older than you and has gone through several career changes and he is just finishing up a program this...
by travelnut11
Thu Mar 07, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 66
Views: 5861

Re: Another Solo 401(k) thread

I just opened a solo 401k with Fidelity and it was all easily set up in less than a week. Don't delay though...deadline is December 31 to open the account. Mine is presently unfunded as I'm waiting to have my taxes done to determine the max I can deposit. Deposits for 2012 can be made up the tax fil...
by travelnut11
Thu Dec 13, 2012 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Solo 401(k) thread
Replies: 13
Views: 1608

Re: Home appraisal came in super low, worth it to pay down?

Do you have a copy of the appraisal? I just refinanced and was surprised when my appraisal came back significantly less than the appraisal I had done 18 months ago. Particularly given that I live in an area with stable prices. It ended up not mattering because I had enough equity to get the deal don...
by travelnut11
Wed Nov 21, 2012 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home appraisal came in super low, worth it to pay down?
Replies: 41
Views: 3210

Re: Advice Requested on Health Insurance and FSA/HSA

To me this means that OP's wife cannot do her HSA plan if the OP has a non-HDHP plan available. I'm not exactly sure how the IRS would enforce/police this but there it is. If anyone has other information that would be helpful...this will likely be an issue for me next year. I think if I drop her fr...
by travelnut11
Wed Nov 07, 2012 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Requested on Health Insurance and FSA/HSA
Replies: 21
Views: 900

Re: Advice Requested on Health Insurance and FSA/HSA

[...]I don't think she can do her HSA plan if she is covered by another non-HDHP plan (eg. yours by marriage). I was surprised by this during our benefit meeting because if I get married next year and my husband has a non-HDHP plan I would not able to use my own HSA plan anymore. I believe this is ...
by travelnut11
Wed Nov 07, 2012 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Requested on Health Insurance and FSA/HSA
Replies: 21
Views: 900

Re: Advice Requested on Health Insurance and FSA/HSA

Maybe she couldn't do the family plan because my kids would be covered under my non-HDHP? This looks like front loading my costs, but maybe better in the long run? I don't think she can do her HSA plan if she is covered by another non-HDHP plan (eg. yours by marriage). I was surprised by this durin...
by travelnut11
Wed Nov 07, 2012 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Requested on Health Insurance and FSA/HSA
Replies: 21
Views: 900

Re: Health insurance costs ...

2012: single person on PPO plan is $60.60 biweekly
2013: single person on HSA plan (PPO plan was dropped) is $48.46 biweekly
by travelnut11
Wed Nov 07, 2012 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re: Health insurance costs ...
Replies: 21
Views: 823

Re: Volunteering Ideas

CASA: Court Appointed Special Advocates. Advocacy for abused and neglected children.

http://www.casaforchildren.org/site/c.m ... A/Home.htm
by travelnut11
Sun Nov 04, 2012 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 50
Views: 2504
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