Search found 989 matches

by DVMResident
Tue Feb 21, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 63
Views: 4089

Re: Desktop Computer - Still relevant? Good investment?

These days the functional and price difference between laptops and desktops is small and shrinking. The desktop's major advantage is not price anymore, but rather heat control, which is important for protracted heavy load actives like games and graphic renders. You can always buy a laptop, hook up ...
by DVMResident
Tue Feb 21, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 63
Views: 4089

Re: Desktop Computer - Still relevant? Good investment?

These days the functional and price difference between laptops and desktops is small and shrinking. The desktop's major advantage is not price anymore, but rather heat control, which is important for protracted heavy load actives like games and graphic renders. You can always buy a laptop, hook up p...
by DVMResident
Mon Feb 20, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 46
Views: 3885

Re: economics of landlording

...I'm not attached to this property emotionally, in any way. Just want to keep it if it is a good complement to a traditional 60/40 indexed portfolio, and want to dump it if it's a drag. If it's somewhere in the middle - which has been my sense - I will probably keep it for the diversification ben...
by DVMResident
Mon Feb 20, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 46
Views: 3885

Re: economics of landlording

Not quite enough information provided to give an exact recommendation. Some considerations: Negatives: *$1.5k/mo on a $250k property is not very attractive (middle-low for SFH) *Most RE markets are richly valued and might be good time to get out *Requiring a manager Positives: *On-cash returns are b...
by DVMResident
Sun Feb 19, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: If you were going to drop down to 15% bracket for one year...
Replies: 7
Views: 910

Re: If you were going to drop down to 15% bracket for one year...

ROTH conversion is better assuming you don't need the assets for 5+ years.
by DVMResident
Mon Feb 13, 2017 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 1909

Re: Any ideas of for a 2nd job / career?

The headwind you'll face is all that extra income will be taxed at the margin. A second job earning $2-5K/month (net? gross?) would be very inefficient. Have you considered land lording/rentals? Not for everyone, but it's (1) tax efficient (offset income by mortgage interests and depreciation) and (...
by DVMResident
Sat Feb 11, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4290

Re: 'Won the game', but what factors could potentially derail it?

Divorce is mentioned a couple times. The 30x annual income-not annual expenses-defined in the OP is a lot money. A crazy amount of money. Even if a divorce takes half, that's still 15x annual income. This hypothetical person is still okay to retire if the expenses (less one spouse):annual income rat...
by DVMResident
Sat Feb 11, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax on rental income.
Replies: 10
Views: 598

Re: Tax on rental income.

Didn't see it mentioned above: rental income is generally treated as unearned income. Unearned income is treated a little different than earned income, e.g. wages reported on W-2s. Unearned income is not subject to payroll taxes, but is subject to ACA's Medicare 3.8% tax over certain AGI thresholds ...
by DVMResident
Thu Feb 09, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 270
Views: 40476

Re: Any books really change your outlook on life?

The Selfish Gene, especially the sections on altruism
Strength Finders
Taxing Ourselves, a non-political discussion of various tax structures and consequences of each system
by DVMResident
Wed Feb 08, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 73
Views: 9141

Re: What expected % return should a longterm investor use?

The more usual approach is to assume different probabilities for different possible answers and plot a range of chances for different outcomes. While this does not actually remove the uncertainty in guessing the future, it at least allows one to appreciate that said uncertainty exists and to attemp...
by DVMResident
Tue Feb 07, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell rental property?
Replies: 11
Views: 1246

Re: Sell rental property?

@DVMResident That's the thing I'm concerned about... is that all the gains go into the mortgage. But I can see that I'm definitely gaining on this house with little input on my part. As for the PITI, this was a VA loan without a down payment and does not require PMI. The monthly breakdown is princi...
by DVMResident
Mon Feb 06, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sell rental property?
Replies: 11
Views: 1246

Re: Sell rental property?

The rent:market price is middle-high for a SFH (0.7%/month) and the returns:invested cash are excellent because the heavy, super cheap leverage. User 'petulant' already did the rough estimate of returns on cash for you. However, all the gains are going to the mortgage, keeping them illiquid. This sh...
by DVMResident
Thu Feb 02, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2039

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

On a side note, if you have access to pre-tax deduction like a tIRA or 401(k), it's better at your income. How it is better if i am in 15% tax bracket? please explain. There's an idea floating around that having some money in a pretax is good to fill out the lowest tax brackets in retirement becaus...
by DVMResident
Thu Feb 02, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2039

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

If you will be living in the US when retired, I think it is a good idea to buy a house AND have it paid off by the time you retire. That will lower your retirement expenses as rent will surely keep growing. If your wife wants to buy a house too, is she willing to work full time and put all her inco...
by DVMResident
Mon Jan 30, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for Purchasing a House
Replies: 21
Views: 2359

Re: Strategy for Purchasing a House

(Is there any other strategy?) +1 vote in the Boglehead echo chamber to not buy. I think it's a stretch in the face of numerous unknown like if your spouse will continue to work. But if you're going to do this anyways...here's an idea that potentially lowers costs in the short-term and provides goo...
by DVMResident
Sat Jan 28, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Determining max amount to spend on a house?
Replies: 27
Views: 3312

Re: Determining max amount to spend on a house?

Somebody please explain to me the attitude favoring taking a mortgage when it's not entirely necessary. Is this not the same as investing on margin? IB lets you borrow at 2% declining to < 1% on larger amounts. Can one really get a mortgage that charges < 1% after tax deductions? Advantage: liquidi...
by DVMResident
Fri Jan 27, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with 3 rental properties I'm looking to purchase
Replies: 35
Views: 3086

Re: Need help with 3 rental properties I'm looking to purchase

IMO the reason to use an LLC is to attempt to shield yourself from liability for actions that take place in the LLC. I don't know how effective it is. Normally it would not have any tax implications. Tax comment is true in the majority of circumstances. There are a couple odd ball cases where there...
by DVMResident
Fri Jan 27, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Issue - Advice needed
Replies: 17
Views: 1403

Re: Rental Issue - Advice needed

Flushing rocks down the toilet is not normal wear and tear. Present the bill to the tenants. If they don't pay, keep the security deposit and go to small claims court for the balance. +1 Get a signed affidavit from plumber describing the cause plus images from the camera. Document, document, docume...
by DVMResident
Tue Jan 24, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Possbile career moves without college degree
Replies: 39
Views: 3384

Re: Possbile career moves without college degree

Technical trade school in fields such as metal shop, plumbing, and electrician can be both fun and lucrative with an option to go solo if he has good interpersonal skills. The schooling is relatively short and some trades even have unions. And you get to repair your own house for cheap. Also, demogr...
by DVMResident
Sun Jan 22, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Down Mortgage vs. Investing
Replies: 14
Views: 1342

Re: Paying Down Mortgage vs. Investing

I prefer investing over paying down mortgages for the simple reason is investments are liquid. Paid off mortgages are not (or, at least, not easily or cheaply). Even if you break even on the investment against the mortgage, liquid investments are more flexible, acting as self-insurance against every...
by DVMResident
Fri Jan 13, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9756

Re: How much do you typically spend in a restaurant?

$25~40 total x 2~3/week (including weekends). Family of 2 adults, young 1 kid. No drinks, appetizers, or dessert. Just food and almost always non-american. We walk and really enjoy the outdoors and good weather. Also, nice not having to cleaning.
by DVMResident
Fri Jan 13, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16484

Re: "Millennials may need to double how much they save for retirement"

The part missing from the analysis is the relative money supply of your cohorts. The value of retirement accounts, the basis of the article's assumptions (1), is meaningless in the absence of costs. It's purchasing power that matters. Prices are set by the relative purchasing power of those also att...
by DVMResident
Fri Dec 23, 2016 1:19 am
Forum: Investing - Help with Personal Investments
Topic: How to handle 401k contributions if retiring in 40's
Replies: 3
Views: 588

Re: How to handle 401k contributions if retiring in 40's

Couple options:
1. Pay the -10% plenty
2. Start a 5-year conversion Roth Ladder (better after you leave CA's high taxes)
3. 72t

Here's an article on it: http://rootofgood.com/roth-ira-conversion-ladder-early-retirement/
by DVMResident
Tue Dec 20, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction
Replies: 23
Views: 2458

Re: Mortgage Interest Deduction

Go to http://www.google.com. Type in "Home office deduction IRS rules" and then click on whichever (pick more than one) of the links that google finds for you on the subject. Or, hit your local bookstore and buy a tax guide. Or, go to the IRS website and search for home office deductions....
by DVMResident
Mon Dec 19, 2016 10:39 am
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4973

Re: Concept of Bogleheads needing to "Save more"

I also want to point out that these SAFEMIN savings rates represent the rates that would have worked in the absolute worst of times (from the past) . From the article: "Using the SAFEMIN savings rate was always sufficient to finance desired retirement expenditures regardless of the actual weal...
by DVMResident
Mon Dec 19, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4973

Re: Concept of Bogleheads needing to "Save more"

As others have said, the advice is "save enough." What's enough? Wade Pfau has put a lot research into this area and the answer is shockingly high: http://resource.fpanet.org/resource/981547A8-1D09-67A1-ACAC12B70A5C0D51/0511-Pfau-Table-1.jpg Additional reading (a bit dense): Safe Savings ...
by DVMResident
Sun Dec 18, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4973

Re: Concept of Bogleheads needing to "Save more"

As others have said, the advice is "save enough." What's enough? Wade Pfau has put a lot research into this area and the answer is shockingly high: http://resource.fpanet.org/resource/981547A8-1D09-67A1-ACAC12B70A5C0D51/0511-Pfau-Table-1.jpg Additional reading (a bit dense): Safe Savings R...
by DVMResident
Wed Dec 14, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4449

Re: What happens to those who don't invest?

Most people, in the US, store the bulk of their wealth in their house via the 'forced' savings of paying off a mortgage. Not as efficient as investing, but savings none the less. Moreover, a paid off mortgage plus SS is a decent standard of living. I'd even call it a high standard of living from a h...
by DVMResident
Mon Dec 12, 2016 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your net income do you save (not including 401k/IRA)
Replies: 59
Views: 4898

Re: What % of your net income do you save (not including 401k/IRA)

6-7% outside of 401(k) and IRAs. But that's not important. Saving goals and rates should be unrelated the contribution limits available in tax-advantaged accounts. Tax-advantaged accounts are just a means to an end. Their 'maximum' annual contribution limits are arbitrary. For some people, there is ...
by DVMResident
Tue Dec 06, 2016 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: $60k Towards Rental, or VTSAX?
Replies: 8
Views: 723

Re: $60k Towards Rental, or VTSAX?

Why would you want to sell your rental and give up on $1,700 a month in income? The OP's mortgage is ~$1.5k/month (plus HOA?). About $0.8k/month is equity build up, which is subject to taxes and realtor fees on sale plus the unfavorable tax treatment of unearned income at the OP's income. Fairly in...
by DVMResident
Mon Dec 05, 2016 3:18 pm
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 79
Views: 7317

Re: Men's Fashion - Best Bang for Buck

Also, hang dry. Driers really eat into the number of wears per item. I own 6 dress shirts and pants (~$650 wardrobe, excluding shoes and belt), cycling on a ~weekly basis. This. Fraying of cuffs on a shirt? I've literally never had that happen and I do not wear high-end clothing. I have a few stapl...
by DVMResident
Mon Dec 05, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 79
Views: 7317

Re: Men's Fashion - Best Bang for Buck

Another Nordstrom's Rack customer here. Quality over price, especially for daily work clothes. Also, hang dry. Driers really eat into the number of wears per item. I own 6 dress shirts and pants (~$650 wardrobe, excluding shoes and belt), cycling on a ~weekly basis. 3 years in and just starting to f...
by DVMResident
Fri Dec 02, 2016 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Is This Insane?
Replies: 28
Views: 3683

Re: Is This Insane?

It's call "Swedroe's Minimizing Fat Tails Portfolio", or something close to it.
There are a number of threads on a SCV/EM split, like this one: https://www.bogleheads.org/forum/viewtopic.php?t=109940
Happy reading.
by DVMResident
Wed Nov 30, 2016 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Turning Primary Residence Into a Rental
Replies: 16
Views: 1359

Re: Turning Primary Residence Into a Rental

Since you asked, my general opinion on rentals: they tend to work well (1) with leverage (i.e. a mortgage), (2) multiple units to diversify risks/smooth out cash-flow, and (3) when purchased for cheap. Rarely do primary residential rental's, especially on the higher price end like your's, returns j...
by DVMResident
Tue Nov 29, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Turning Primary Residence Into a Rental
Replies: 16
Views: 1359

Re: Turning Primary Residence Into a Rental

- 2BR/2BA Townhouse (in a HCOL city center) - purchase price: ~$650k (2012) - mortgage: ~$440k (remaining), 30 yr, 3.5% fixed - PITI (plus HOA fee): $3000/mo. - estimated rent: $3500 - $3750 /mo. I wouldn't. The ROI is marginal for a concentrated risk and your equity is based on a generally hot &qu...
by DVMResident
Mon Nov 28, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Why do reviewers love the Dell XPS 13 but users don't?
Replies: 57
Views: 5705

Re: Why do reviewers love the Dell XPS 13 but users don't?

I have a XPS 15 (not 13) that replaced my Yoga Pro 2, which my kid broke. Decided to go with a build more solid with a toddler in the house. I love it. Probably the best laptop I've had ever had. The good: screen is super (bright, good color, high res, good viewing angles) with a thin bezel, the foo...
by DVMResident
Mon Nov 21, 2016 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Renting in L.A. - good school district
Replies: 16
Views: 1283

Re: Renting in L.A. - good school district

South Bay (notably Manhattan Beach, Hermosa Beach, Redondo Beach) or Culver City. I'd start looking in Redondo: the 'north' (really north-east) neighborhood is more residential, the west part has a beach vibe, and the village has shopping/events. I love Culver, but it's getting way too pricey. You c...
by DVMResident
Wed Nov 09, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23148

Re: How to retire early (in your 30s or 40s)?

... One of the very important issues surrounding early retirement (RE) for physicians is the devastating loss to society of medical acumen and judgement that is gained after years of practice. I am not insinuating that you (or I, for that matter) have a societal obligation to continuing to practice...
by DVMResident
Sun Nov 06, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: I can't help but feel I'm making a mistake by renting... help?
Replies: 73
Views: 6192

Re: I can't help but feel I'm making a mistake by renting... help?

Another consideration in Seattle is to take advantage of the rental market if you decide to buy. This is what my wife and I did a year ago when we bought in north Seattle. Turned our basement into a legal apartment and now earn $1600/mo for space we weren't using anyway. Being a landlord is a new s...
by DVMResident
Mon Oct 31, 2016 10:02 am
Forum: Investing - Theory, News & General
Topic: Guaranteed 6.8% by paying down student loans?
Replies: 18
Views: 2012

Re: Guaranteed 6.8% by paying down student loans?

if I am missing something here? One non-math aspect the following simple truth: student loan companies cheat. We spent 2 years paying down student loans on an accelerated timeline and these are some of their tricks: -Delay depositing the check to the next cycle -Applying the money towards next paym...
by DVMResident
Fri Oct 28, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Sued for General [Investment] Advice?
Replies: 43
Views: 5562

Re: Sued for General Advice?

If you're giving advice to friends and family, chances are pretty low that you'll get sued.
by DVMResident
Sun Oct 23, 2016 3:09 am
Forum: Personal Consumer Issues
Topic: How many have moved from California due to Cost of Living?
Replies: 108
Views: 11533

Re: How many have moved from California due to Cost of Living?

CA native. The high cost of living in CA is largely driven by the real estate costs. CA RE has a lot of speculation built into it. CA RE cycles up and cycles down. Sometimes it works in your favor. Sometimes it hoses you. My family purchased a house in the early '90's market downturn. It's quadruple...
by DVMResident
Thu Oct 20, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: HDMI on New Computer
Replies: 10
Views: 1128

Re: HDMI on New Computer

As other posters have said, the USB-C to HDMI adapter is no biggie.

The number pad: if she does a lot of data entry, external number pads (wired or blue tooth) are a very cheap way to get both a full keyboard and still have the portability of ultra book. Various models are available on Amazon.
by DVMResident
Wed Oct 19, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: Recommend tablet/laptop & app/software for service business?
Replies: 12
Views: 977

Re: Recommend tablet/laptop & app/software for service business?

I would seriously consider a LTE compatible laptop so you can sync data in the field. Probably the best two are Lenovo Carbon X1 (lighter, more portable, fingerprint scanner for extra secruity) or a ToughBook (less portable but though, as the name implies). Numerous tablets, e.g. Microsoftware Surfa...
by DVMResident
Tue Oct 18, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How do you analyze your spending? (Where is my money going?)
Replies: 69
Views: 6087

Re: How do you analyze your spending? (Where is my money going?)

Very crudely through reserve budgeting: Expenses = gross income - taxes - savings I don't really care if I purchased a clothes one month or picked up the check with a group of friends the next month. I can account for the big ticket items (housing, health care, insurance) fairly easily. IMO, the sma...
by DVMResident
Mon Oct 17, 2016 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Laid off at 40 - What to do?
Replies: 42
Views: 6730

Re: Laid off at 40 - What to do?

Let me get this straight you have: $2 million in investments side income that makes $30k/yr between your business and your rentals Spouse that makes $150k/yr I don't understand why you are not retired or very close to it right now. I was trying to figure this one out, too. By the numbers, you could...
by DVMResident
Tue Oct 11, 2016 5:48 pm
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 109
Views: 13813

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

But what about the middle? There are plenty of associates who dress reasonably, have nice normal cars like Honda Accords, and who don't stand out in either direction. Acuras and Infinitis are also popular in our garage. They seem to strike a happy balance of not spending crazily so they can still s...
by DVMResident
Sun Oct 09, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: tax 401K vs paying down mortgage
Replies: 13
Views: 1575

Re: tax 401K vs paying down mortgage

+1 for the vote for a backdoor ROTH via 401(k) after tax assuming an adequate emergency fund is in place.

Taxable investing is a second option if you need more liquidity.
by DVMResident
Fri Oct 07, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Laptop ideas
Replies: 41
Views: 2509

Re: Laptop ideas

Something from these lists: Top 10 Ultrabooks (smaller) or Top 10 Multimedia Notebooks (larger) I'm partial to the Dell XPS 13 or 15, which will give a great user experience: awesome screen, quick, light, and solid build with a smaller than usual footprint for the screen size. The XPS 15 has a full ...
by DVMResident
Wed Oct 05, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 25
Views: 1689

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

justskipee wrote:Employer retirement plans: 403b (18k limit), 457b (18k limit), and 401a (DCP after tax, 53k limit).
You may know this, but the $53k/year limit is for all retirement accounts, excluding IRAs.


Thanks barelybarefoot for the correction.
Learn something new on these boards everyday.

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