Search found 872 matches

by DVMResident
Fri Apr 29, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 64
Views: 4567

Re: Renting vs owning

The problem I have with renting is after 30 years of renting, you move and walk away with nothing. To make it worse, they will likely find a way to keep your security deposit too. When you buy, after 30 years, you own that house and have much equity. To me, owning is the better way. The major advan...
by DVMResident
Thu Apr 28, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Too Much in Retirement Accounts?
Replies: 35
Views: 4543

Re: Saving Too Much in Retirement Accounts?

There's more than one road to FI. Your friend is building a RE business (which may or may not be sound). He is a landlord with tenants. He is also probably using leverage in the form of a mortgage. He is building income from rental cash-flows. Note, this is very different than the consumption act of...
by DVMResident
Thu Apr 28, 2016 12:33 pm
Forum: Personal Consumer Issues
Topic: Car Seat for vacation car rental
Replies: 14
Views: 469

Re: Car Seat for vacation car rental

Most airlines let you check the car seat for free. Tip: get a car seat bag. It protects the seat and you can load extra stuff in it for a free trip. We stick the diapers, wipes, and toys into the car seat bag. Car seats are heavy and difficult to carry in addition to normal luggage. Our first trip w...
by DVMResident
Mon Apr 25, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Have any of you overextended on housing? What were your experiences?
Replies: 42
Views: 3665

Re: Have any of you overextended on housing? What were your experiences?

I think you have to balance not getting what you want and the (obviously) high transaction costs of upgrading in the not to distant future with the stress and financial ruin overbuying can bring. +1 There is wisdom in avoiding the "penny wise, pound foolish" mentality. A small stretch can...
by DVMResident
Mon Apr 25, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Have any of you overextended on housing? What were your experiences?
Replies: 42
Views: 3665

Re: Have any of you overextended on housing? What were your experiences?

I'll share our non-traditional tactic for consideration. 2012. We purchased a house that was 4.6x our combined income with 10% down, far above the recommended 2-3x. Rents were rising fast as were RE prices (most home selling way over list). Usually, the PITI would have been 30.7% of our gross. We kn...
by DVMResident
Thu Apr 21, 2016 7:35 pm
Forum: Personal Consumer Issues
Topic: Any stay at home parents regret the decision?
Replies: 100
Views: 9270

Re: Any stay at home parents regret the decision?

I changed jobs and moved ~120 miles when DW was 7 months pregnant. That was just over 2 years ago. She's enjoyed the time and it definitely is easier from a practical stand point -- although YMMV widely depending on personalities. I could not have done the reverse. The first six months are really ro...
by DVMResident
Mon Apr 18, 2016 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to suggest an increase in the 401k match?
Replies: 9
Views: 1205

Re: How to suggest an increase in the 401k match?

You could pitch it as a long term retention plan. Design the match with a laddered vesting schedule over a number of years, e.g. 3% with 0.5% vesting per year for 6 years and full vest for all employees with 6 years of service. Estimate the cost. Cite some study showing retention increases. Then est...
by DVMResident
Mon Apr 18, 2016 2:30 pm
Forum: Personal Consumer Issues
Topic: Laptop - Touch Screen?
Replies: 22
Views: 1497

Re: Laptop - Touch Screen?

Depends on your needs. If your just doing office and internet functions, Dell XPS 13 is probably one of the highest quality, portable windows machines with a touch screen these days. Here's a list of the current top 10 windows ultrabooks: http://www.notebookcheck.net/Notebookcheck-s-Top-10-Ultrabook...
by DVMResident
Mon Apr 18, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Laptop - Touch Screen?
Replies: 22
Views: 1497

Re: Laptop - Touch Screen?

I've found the touchscreen laptops to be more hassle than they're worth. For me, a touchscreen is really only useful on a tablet. The laptops that "convert" into a tablet-like device (like the Yoga) are more gimmicks than anything. I'd say either go pure laptop or pure tablet. Agreed 100%...
by DVMResident
Sat Apr 16, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: MATH of buying vs renting
Replies: 4
Views: 656

Re: MATH of buying vs renting

Comparing a 3BR house to a 1BR apartment is misleading. They each provide you a very different lifestyle.
A better comparison would be a 1BR condo vs a 1BR apt.
by DVMResident
Fri Apr 15, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax 401k in-service withdrawal to Roth IRA vs direct Roth IRA+Taxable contributions
Replies: 10
Views: 494

Re: After-tax 401k in-service withdrawal to Roth IRA vs direct Roth IRA+Taxable contributions

have your wife put $5500 into a tIRA Since the IRA contributions wont be deductible for both of us, I thought Roth was better. Is tIRA still better for her? See http://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits. If I read your post correctly, your wife may deduct her tIRA contribution becaus...
by DVMResident
Fri Apr 15, 2016 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Meeting with a Fidelity Financial planner, is it useful?
Replies: 39
Views: 3648

Re: Meeting with a Fidelity Financial planner, is it useful?

I met with one. It was really useful because the planner had more information about company compensation bands and average raises than is available to the employees or even my manager (who's pretty chatty about this stuff). That was useful from a career stand point. Their Fidelity related stuff was ...
by DVMResident
Fri Apr 08, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - Can I afford this home?
Replies: 38
Views: 3420

Re: First time home buyer - Can I afford this home?

You can afford it.

Personally, I wouldn't purchase until DW gets a job. There's no reason to limit her career prospects by fixing your location before you need the extra space.
by DVMResident
Thu Apr 07, 2016 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy
Replies: 32
Views: 3346

Re: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy

Taxes and high fees can be, and often are, on a similar order of impact. Long-term capitals are 15% +/- state plus taxes on dividends. Let's ballpark it at a 20% effective rate on realized gains (YMMV, of course-oversimplified example). Fees are in the same ballpark. Let's pretend nominal returns g...
by DVMResident
Thu Apr 07, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy
Replies: 32
Views: 3346

Re: Foxbusiness: Why Taxes, Not Fees are Retirement Savers' Biggest Enemy

Taxes and high fees can be, and often are, on a similar order of impact. Long-term capitals are 15% +/- state plus taxes on dividends. Let's ballpark it at a 20% effective rate on realized gains (YMMV, of course-oversimplified example). Fees are in the same ballpark. Let's pretend nominal returns go...
by DVMResident
Fri Apr 01, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 135
Views: 20423

Re: Renting forever: financial suicide?

I plan to rent as long as I live in this HCOL city. While there are areas I could afford a single family house, we could only afford a condo where we currently live (and where my wife and I enjoy living and wish to stay). According to trulia's rent vs own calculator trulia.com/rent_vs_buy for us re...
by DVMResident
Fri Apr 01, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals
Replies: 38
Views: 3063

Re: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals

Most people aren't impressed by clothing I'll disagree here. For the first decade after graduating you'll get the question "are you old enough to be a doctor?" People in their 70's have difficulty distinguishing between a 20 year old and 30 year old. Professional appearance helps communic...
by DVMResident
Mon Mar 28, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals
Replies: 38
Views: 3063

Re: Clothing budget for DVM's, MD's, and other kinds of Medical Professionals

Male veterinarian. Not in private practice and didn't bothered adding it up when I was. Dark tan/khaki pants are the best color for pants. Black pants pick up white fur and white pants pickup the black fur. Lint rollers are your friend. You'll go through 1 roll every ~2 days. Best way to stay clean ...
by DVMResident
Mon Mar 28, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: No Intl. DM, Just Intl. EM? [International Developed Markets, Emerging Markets]
Replies: 23
Views: 1801

Re: No Intl. DM, Just Intl. EM?

Threads on Larry's "No Fat Tails" portfolio goes into the EM only concept quite a bit.
by DVMResident
Mon Mar 28, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone think the stock market is overvalued?
Replies: 50
Views: 4039

Re: Does anyone think the stock market is overvalued?

Yes, stocks are valued above historic averages-which is a very noisy measure. The question should be "what are you going to do about it?" There is no where else to go. Cash yields near-zero (1% is a stretch). Real Estate prices are ridiculously high compared to the rent (YMMV). Fixed incom...
by DVMResident
Fri Mar 25, 2016 2:13 pm
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 3456

Re: Should I change to artificial grass (in SoCal)?

The short answer: if you have the money to pay for it, yes. And if you don't have the money to pay for it, definitely yes. The water bills are crazy. The OP also has a pool, which is probably pushing him/her into a highest price tier. Personally, we xeriscape. I find it less work to maintain than g...
by DVMResident
Fri Mar 25, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 8108

Re: Best & Worst Financial Decisions?

Worst: staying in school too long! Made it through grade 26. Best: buying 2-unit home-turned-rental property in 2012. 10% down. Equity has quadrupled due to market appreciation and little bit of principle pay down (~3x after taxes and sales costs). The excess cash-flow goes into a mega backdoor ROTH...
by DVMResident
Thu Mar 24, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has your definition of "a lot" of money changed?
Replies: 57
Views: 5074

Re: Has your definition of "a lot" of money changed?

Your feelings are pretty normal and that feeling doesn't stop as you accumulate more and more: Millionaires feel stuck on a 'treadmill': Survey "Millionaires aspire generally to have more than twice what they have—even as they grow richer." I have that link saved to remind me to keep a bal...
by DVMResident
Wed Mar 23, 2016 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10470

Re: Financially, how have you done/doing vs. your parents?

Older millennial here with boomer parent. My father worked his way through undergrad and law school (ice truck driver 8-) ). He landed in big law, made youngest partner in the firm's history, and stayed with the same company for 30 years. Left after a bad merger and started his own firm. Always live...
by DVMResident
Wed Mar 16, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: First time landlord--how to write lease renewal contract?
Replies: 11
Views: 840

Re: First time landlord--how to write lease renewal contract?

Generally speaking, renters want flexibility. That's why they're renting. To get another 12 month lease and have them give up their flexibility, you'll have to concede something, generally less or no increase in rent. Not worth it IMO. I don't worry about turnover anymore. I just accept it, handle ...
by DVMResident
Wed Mar 16, 2016 11:55 am
Forum: Personal Finance (Not Investing)
Topic: First time landlord--how to write lease renewal contract?
Replies: 11
Views: 840

Re: First time landlord--how to write lease renewal contract?

Renters, good and bad, will eventually turn over. That's the nature of the business. Personally, it took me 2 tenant cycles to psychology accept this part. Good tenants go- and different tenants replace them. They're customers and you're the service provider. That's it. In my experience, turnovers a...
by DVMResident
Tue Mar 15, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 11041

Re: For Parents Who Have Given a Child Money For Home Down Payment

No, that is not biggest worry. The biggest problem is your gift putting your family into a house that they can neither afford or sustain with their current income. And, in that case, you are hurting the family with the gift. After that, you either sustain their house / life style with continuous su...
by DVMResident
Mon Mar 14, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 6076

Re: Is California income tax-friendly for early retirees?

Like with most "high/low tax" conversation, it tends to get over simplified. The "nightmare" of CA taxes are overstated. We're higher in some areas (income tax, sales tax, Capitals Gains) and lower in others (SS, property taxes as percentage, compounded by Prop 13). The bottom li...
by DVMResident
Fri Mar 11, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Dogs & my mailbox
Replies: 37
Views: 2433

Re: Dogs & my mailbox

Motion sensor water cannon.
Works on people, too.:twisted:
by DVMResident
Sat Mar 05, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 5
Views: 296

Re: 1031 Exchange

In general.... you already own a rental property, sell that one, and then buy another one (or two, or..) within so many days. Why do that... you want to stay in the rental home business, you want to continue to defer taxes, you want to do the exchange and then move into the new home (don't escape t...
by DVMResident
Sat Mar 05, 2016 1:39 am
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4501

Re: rental income investing

but, if comparing this to investing the stock market, couldn't you use leverage (ie margin loan, stock options) to buy stocks? Sure, but the two are very dissimilar. Mortgages are cheap and have collateral, i.e. you can sell. Just as an example, my 2-unit primary residence-turned-rental is leverage...
by DVMResident
Thu Mar 03, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: Meaning of term "Board Certified Physician"?
Replies: 38
Views: 4007

Re: Meaning of term "Board Certified Physician"?

Another group of practicing physicians are "board eligible," meaning they completed residency but either failed or decided not to take the licensing exam. "Board eligible" could also mean they filed the paperwork but haven't had the chance to sit for the board exam because of av...
by DVMResident
Thu Mar 03, 2016 12:31 am
Forum: Personal Consumer Issues
Topic: Joshua Tree/Palm, Springs biking
Replies: 9
Views: 684

Re: Joshua Tree/Palm, Springs biking

While you're in the neighborhood, the Palm Springs Aerial Tramway is worth a day.
by DVMResident
Thu Feb 25, 2016 6:03 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6166

Re: What withdrawal % are you planning on?

I also expect to use a series of SPIA once I hit age 60+. I hope to retire before age 60 and will use 4% as my guide for that time frame. I suspect I will keep a 60/40 portfolio throughout retirement, annuitizing chunks of it as I go. I like this idea. It's a reserve DCA, smoothing out the impact o...
by DVMResident
Mon Feb 15, 2016 8:00 pm
Forum: Investing - Theory, News & General
Topic: Is there a general rule for computing standard deviation
Replies: 9
Views: 724

Re: Is there a general rule for computing standard deviation

What's your time frame? http://mathieu.bouville.name/finance/when-does-long-term-start/Bouville-return_envelope.png Figure 1 shows that the uncertainty of returns decreases as the investment duration increases. Over five years there is a 90% probability for the return to be between −6% and +20% p.a....
by DVMResident
Sun Feb 14, 2016 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 6160

Re: 10% Mortgage Down payment

What is your current rent compared to anticipated mortgage payment with 10% down? Unless your rent is significantly higher, I recommend saving till you get the 20% down. It is a lot harder to save once you own a home because of repairs, buying furniture , remodeling etc. Right now both of you have ...
by DVMResident
Sun Feb 07, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed in International Funds
Replies: 42
Views: 3611

Re: Disappointed in International Funds

Tilting causes tracking error.
Tracking error is not a problem.
Tracking error regret is a problem. It causes behavioral missteps, like selling low.
by DVMResident
Fri Jan 29, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 5231

Re: What age did you start maxing out your retirement contributions?

I don't think it's a meaningful question: some people have too much space while others have too little compared to their savings needs.

As a resident, I grossed $38-39k/yr and my tax-advantage space was $53k/yr plus an IRA.
In contrast, some people only have an IRA.
by DVMResident
Thu Jan 28, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: Most efficient way to improve my writing ability?
Replies: 56
Views: 2821

Re: Most efficient way to improve my writing ability?

My only other tip I learned in grad schools after years of writing grants:

Beer is for writing. :beer
Caffeine is for editing.

When staring at a blank page, nothing gets words the ideas and words flowing like a couple beers. Caffeine helps shaping the resulting mess into something presentable.
by DVMResident
Thu Jan 28, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Most efficient way to improve my writing ability?
Replies: 56
Views: 2821

Re: Most efficient way to improve my writing ability?

Tip from a poor writer: I find the word-to-speech tool really helpful.
I setup the short cut as Alt-4 in Microsoft Word. I use it for all important e-mails and reports. The tool won't make you a great writer, but it will help you find spelling and grammatical errors.
by DVMResident
Tue Jan 26, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 724

Re: TurboTax Premier (for tax year 2015): Will it run on XP?

It sounds like TurboTax is being run by the Microsoft Software Sales Office. There are still millions of XP users out here, many of us who have used TT for years. If TT wants to echo the well publicized risks of XP that's fine but if they are expecting me to contiune to buy their product after forc...
by DVMResident
Mon Jan 25, 2016 11:43 pm
Forum: Personal Consumer Issues
Topic: 3 Small Dogs - Dental Care
Replies: 19
Views: 1524

Re: 3 Small Dogs - Dental Care

The best thing is teeth brushing. The training takes some determination, but is very doable.
by DVMResident
Sun Jan 24, 2016 2:26 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 7487

Re: What was your % pay raise?

My defined pension went up 2%. (I'd call that a pay raise - better than when I was employed.) I was a public employee and in my last 10 years of employment (2002 to 2012) I averaged less than a 1% raise per year. Two recessions hit state government hard so there was no support for state employee pa...
by DVMResident
Sun Jan 24, 2016 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Better to be Paid on W-2 or as an Independent Contractor?
Replies: 15
Views: 1693

Re: Better to be Paid on W-2 or as an Independent Contractor?

DrGenetic wrote:trying to reach early financial independence... 20k pension.


The pension sounds like the largest benefit. Any additional details?

Generally pension formulas favor the lifers: e.g. X% time years of service. If you're going for early FI, your limited years of service may reduce the value.
by DVMResident
Wed Jan 20, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 7487

Re: What was your % pay raise?

Individual raised have not been announced, yet. But average raises will be sub-2%. Interesting, the company did "well" and bonuses will be at ~+50% over expected. Individual performance rarely move the needle more than 10%, meaning almost everyone gets between 0.9-1.1x of target. This year...
by DVMResident
Tue Jan 19, 2016 12:26 am
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 11554

Re: Who's buyin' today?

And isn't that market timing? Splitting hair, I don't think purchasing on a dip is market timing. Market timing is defined as "the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements." The key word is predict. ...
by DVMResident
Mon Jan 18, 2016 12:36 am
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 11554

Re: Who's buyin' today?

Double purchase on Friday: quarterly match and regular contribution 8-) And isn't that market timing? Splitting hair, I don't think purchasing on a dip is market timing. Market timing is defined as "the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to...
by DVMResident
Fri Jan 15, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 8149

Re: I'm sitting here watching FOX Business...14200??

I hope it gets here really soon: the annual match is just about to hit. The markets can bounce back after that.
by DVMResident
Thu Jan 14, 2016 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 306
Views: 68453

Re: Share your networth progression

2009, summer: $5k ER fund plus a car 8-), ~$15k (student loans) Didn't keep track until 2011. I count my rental and I'll only count the market appreciation at the end of 2015 since that's when I got an appraisal. It's not prefect, but it's my best guess. The small increases in the real estate from y...
by DVMResident
Wed Jan 13, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Math: 15% + extra payments vs. 20%
Replies: 13
Views: 1356

Re: Mortgage Math: 15% + extra payments vs. 20%

...I've toyed with the idea of putting 15% down and putting the remainder towards our retirement accounts and then paying an extra $2,000 towards principle for the first 6 months to get rid of PMI quickly. After marrying into a PMI situation, paying down a mortgage, and a long painful fight with th...

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