Search found 256 matches

by EddyB
Mon Aug 14, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 1918

Re: Should I sell my rental property?

From a cash-flow perspective, it's netting you 2.6% return on capital invested. That's assuming the low end of your valuation (and thus the highest yield). Outside of that, a single rental property in one area isn't really diversified. A bad tenant, a structural problem, a change in tax law or rent...
by EddyB
Sat Aug 12, 2017 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 10469

Re: Anyone moved to another state for lower cost of living?

We'll be empty nesters next year and, unless youngest DD needs in-state tuition, we will most certainly move back West. Puget Sound, Clark County WA (OR taxes too high), Sonoma County, Davis, East Sac, SLO and maybe an older San Diego neighborhood would work out nicely. Our requirements: sense of c...
by EddyB
Sat Aug 12, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 131
Views: 6024

Re: How far would you travel to see The Eclipse?

My zip code will see 99.8% eclipse. I could travel 10 miles for full eclipse, and about 40 miles to be right in the center of the path of total eclipse. Unfortunately, this will be in a fairly rural area that has been touted as a great place for denizens of some major metro regions and others on the...
by EddyB
Sat Aug 05, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 37
Views: 5781

Re: NYT: Buy more takeout and hire a maid, study suggests

How do they think these people became millionaires in the first place? While I don't doubt that offloading undesirable tasks makes people happy in the short term, I'd be interested in a followup study that looks at the long-term happiness of those who choose to save. For example, I imagine those wh...
by EddyB
Thu Aug 03, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 29
Views: 2506

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

I guess my initial thought was that if the attorney has all of the pertinent info prior to starting the project, they would be able to make an accurate projection regarding the cost. A million times yes to this!! You're asking for very basic planning! You're very specific. How in the hell can they ...
by EddyB
Sat Jul 29, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 4866

Re: Philosophy major and future law student

My stepson wants to major in philosophy and then go on to law school. His mom and I do not think this is a very wise decision. What do you think? He is going to read the responses. Thank you. FYI- he is gifted in mathematics and science - 35-36 on ACT As a lawyer, I advise him to run at top speed f...
by EddyB
Wed Jul 26, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4541

Re: Why not Schwab instead of Vanguard?

I've been at Vanguard for ages. I don't care if someone prefers Schwab, or Fidelity, or whatever, but I never understand what this "customer service" is supposed to be about. I have a few accounts, a few mutual funds, a fair amount of money, and get my tax forms from them, send money to a...
by EddyB
Sun Jul 23, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 4532

Re: New Milestone

Congratulations! Are you including an inflated Zestimate for your house? I take our ZEstimate with a grain of salt. I would list our home for quite a bit more than the current ZEstimate. Would our net be around or slightly below? Perhaps. I would imagine the market and last sales vary based on the ...
by EddyB
Sat Jul 22, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 1126

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

Flora wrote:You entered the gain wrong because $250k is not exempt unless it is your own personal residence.


Form 8960 is NIIT, not capital gain. NIIT applies to net investment income for taxpayers with MAGI over the applicable threshold ($250,000 for married taxpayers filing jointly).
by EddyB
Sat Jul 22, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 66
Views: 5025

Re: Denver or Portland for a 2nd home

Between those two, Denver. I'd rather have 4 Seasons than one long rainy season. We haven't had any rain in 33 days. And none in the forecast. But it is good for people to continue to believe that all it does is rain around here... keeps the crowds down. You quickly forgot your winter this year whe...
by EddyB
Tue Jul 18, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3248

Re: $100K+ increase in salary- Need help with investments

One thing I noticed: you're not contributing to your Roth IRAs because of the income limit. Consider using the backdoor Roth technique to get around this. m They have two tIRAs, with current balances of approximately $32k and $88k respectively. Doing a backdoor Roth will result in most of the conve...
by EddyB
Fri Jul 14, 2017 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: UGMA/UTMA how much is too much?
Replies: 38
Views: 1681

Re: UGMA/UTMA how much is too much?

I am corrected. But I got a better explanation out of my error. Yes, 529s are completed gifts but they can be reassigned at the whim of the owner. Can they not? I guess maybe I oughta file a excess gift for borrowing too much for Only's education. We took something on the order of +$28,000 in loans...
by EddyB
Fri Jul 14, 2017 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: UGMA/UTMA how much is too much?
Replies: 38
Views: 1681

Re: UGMA/UTMA how much is too much?

aha wrote:Husband and wife both will fund the max of $14k. Now we have this extra money we want/need to gift and that'll reduce what we can put in .


I thought this money was to the child from his grandparents. They made the gift, to him, so why do you think it uses your annual exclusion?
by EddyB
Fri Jul 14, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: UGMA/UTMA how much is too much?
Replies: 38
Views: 1681

Re: UGMA/UTMA how much is too much?

I also plan to max out the $14k gift tax exclusion to fund a 529. Does it mean I can only fund $12k in 529 if I also put $2k in a UTMA? Incorrect: 529's do not belong to child unless it is within the child's UGMA. You can fund 529 to whatever amount you want because you own it. Giving $$$$ to an UG...
by EddyB
Thu Jul 13, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: UGMA/UTMA how much is too much?
Replies: 38
Views: 1681

Re: UGMA/UTMA how much is too much?

Baby received $2500 at birth. I'm thinking of putting that into a UGMA/UTMA. But if grandparents continue to be so generous, it may play against him when it comes to financial aid when he turns 18. How much is too much under the student's name? We can max out retirement savings and 529. Are we cons...
by EddyB
Tue Jul 11, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Road vehicle, 4 adults, one car seat, must it be a minivan?
Replies: 43
Views: 2430

Re: Road vehicle, 4 adults, one car seat, must it be a minivan?

New grandfather here, we have taken a few road trips with son and daughter-in-law and granddaughter. Her car seat is huge and putting it in the back of our Golf Sportwagen isn't so comfortable for a 6-hour trip. Son's Impreza is worse. I am in the market for a new vehicle, must it be a mini-van? I ...
by EddyB
Fri Jul 07, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any widower with young kids thinking about retirement?
Replies: 17
Views: 1902

Re: Any widower with young kids thinking about retirement?

As much as we would like to live otherwise the daily example of a parent going to work is one of the best life models we can give our children, even if we have extraordinary assets. The issues of scheduling, compromise, and responsibility teach them a lot. I was raised largely by my grandfather, wh...
by EddyB
Thu Jul 06, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11432

Re: Seeking advice on 1.2m house purchase

I agree with LiveSoft that OP should probably talk to other people familiar with the Bay Area because they have a different housing market, or at least people familiar with the CA market. These comments illustrates why. denovo, Or, they should talk to folks outside of Bay Area. At the same job and ...
by EddyB
Sat Jul 01, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2455

Re: Does Vanguard gain anything from us investing more internationally?

^ The myriad risks of International investing are already reflected in the price. Market segmentation is a real thing, even across asset classes in the US. I see the point you are making, but things as simple as home bias imply that prices are not always as efficient as we would like to think. Ther...
by EddyB
Sat Jul 01, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2455

Re: Does Vanguard gain anything from us investing more internationally?

The political instability, whether current or possible in the future, is enough of a deterrent- even in in Europe. Is there really a great need for such extensive diversification into foreign countries? The extra cost, political uncertainties, and just not having the needed level of comfort with th...
by EddyB
Sat Jul 01, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2455

Re: Does Vanguard gain anything from us investing more internationally?

The political instability, whether current or possible in the future, is enough of a deterrent- even in in Europe. Is there really a great need for such extensive diversification into foreign countries? The extra cost, political uncertainties, and just not having the needed level of comfort with th...
by EddyB
Wed Jun 28, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 67
Views: 9410

Re: Stop saving and start spending

In any case, even if OP pay 125K in taxes, the annual expense of 60K does not add up. KlangFool Perhaps because the OP said it was $100k. "For those who are wondering about current expenses, we have a baseline expenditure of $60K a year, with an additional $20K for private school and $20K for ...
by EddyB
Tue Jun 27, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 67
Views: 9410

Re: Stop saving and start spending

why does KF thinks OP is NOT paying $125K in taxes on $400K income? If he were to add all the taxes including federal/state/payroll/Medicare/NIIT etc etc (even not including RE or local town) I easily see that number as NOT unreasonable. wrongfunds, Please show me the calculation and prove to me th...
by EddyB
Thu Jun 22, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: Buying shares vs buying outright
Replies: 3
Views: 553

Re: Buying shares vs buying outright

Amazon recently purchased Whole Foods for more than the current share price. It makes me wonder why people prefer to buy a business outright vs buying shares of a business. Warren Buffet and John Bogle have always said owning shares of 500 index is owning 500 shares of companies. Is owning shares o...
by EddyB
Sun Jun 18, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38750

Re: Regret early retirement/downsizing

How do you define "priority hobby" in this context? For instance, I have a self-imposed rule that I do 30 minutes of exercise every day. I would not consider exercise a hobby in any sense; I do it for my health. Really no different than brushing my teeth. I know that many people take part...
by EddyB
Sun Jun 11, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Resorts outside San Francisco
Replies: 20
Views: 1843

Re: Resorts outside San Francisco

It's an area where the variety of resorts covers a vast range of budgets, so you may want to narrow your question by cost, somewhat.

I would also suggest considering whether you are interested in, e.g., wine country, coastal or mountain areas.
by EddyB
Fri Jun 09, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 7136

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Yes, I get the argument that owning the total stock market owns portions of AMZN/NFLX/TSLA. But the more I think about these tickers the more I feel that these were not that risky back then. Hindsight bias I suppose. Completely and utterly hindsight bias. Notice my second tagline below. My father a...
by EddyB
Thu May 25, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks
Replies: 33
Views: 2020

Re: BlackRock, Vanguard Mull Pressuring Exxon to Disclose Climate Risks

Active management can sell companies if they don't like their governance. Passive management has to vote in favor of improved governance and sustainability. I would actually prefer it if passive management was truly passive on these issues and abstained, letting active investors drive the discussio...
by EddyB
Sun May 21, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8100

Re: Lawyers charging for asking about fees

To whom were the fees paid? Patent law is my day job and I routinely bill for questions related to US Patent Office fees. I sometimes get after-the-fact questions from my clients to allow them to allocate my bill to their clients. For a single charge, I wouldn't bill for that. For scores of charges...
by EddyB
Wed May 17, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Question - HO Insurance Claim paid out, but Insurer and Contractor still arguing
Replies: 13
Views: 881

Re: Legal Question - HO Insurance Claim paid out, but Insurer and Contractor still arguing

You might mark the check to the contractor "in payment of all my obligations to you for repairs." You can write whatever you want to on a check but it has no legal effect. It looks like the OP may be a Minnesota resident. I'm not a Minnesota lawyer, but the Minnesota statutes seem to incl...
by EddyB
Mon May 15, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Few days in Portland in July
Replies: 36
Views: 2714

Re: Few days in Portland in July

OP gave enough info to figure out which Portland, but you'd have to do some Googling about that valley. Portland,ME also has a Marriott on the waterfront. It is fairly easy to add the state abbrev so am pointing out there are two fairly well known Portlands. I've been to the eastern one several tim...
by EddyB
Fri May 05, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 4345

Re: Unmarried couple purchasing a home?

Besides, one can't make the argument that the same couple would have avoided their breakup had they been married. This thread seems to have come to an end.. You seem fixated on defending the non-marriage stance, rather than receive practical knowledge/information regarding your situation. Interesti...
by EddyB
Fri May 05, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 19775

Re: Why save so much for when you're old?

Hi, I'm 24 yrs old and almost one year into my actuarial career (first real job). I expect to make good money in the future and have started investing since I was hired. My question is why is saving a lot for retirement so important? I get that we need money for when we're retired and no longer hav...
by EddyB
Thu May 04, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 4345

Re: Unmarried couple purchasing a home?

Don't both buy it. Just 1 buy it, hold it in that persons name of course and the other can move in. Protects both of you if things go "bad" Part of me wonders if such an arrangement increase the chances of things going "bad," or at least lowers the barriers to one party declarin...
by EddyB
Wed May 03, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put gift money that child is receiving each year?
Replies: 16
Views: 1499

Re: Where to put gift money that child is receiving each year?

I like Muni bonds so that I am not paying taxes to subsidize their profits, plus seems right to be in something low risk unless the intention of the gift was to be an investment. That doesn't seem like a good reason for that pick for this size investment---assuming the investment is in an UTMA acco...
by EddyB
Wed May 03, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put gift money that child is receiving each year?
Replies: 16
Views: 1499

Re: Where to put gift money that child is receiving each year?

I like Muni bonds so that I am not paying taxes to subsidize their profits, plus seems right to be in something low risk unless the intention of the gift was to be an investment. That doesn't seem like a good reason for that pick for this size investment---assuming the investment is in an UTMA acco...
by EddyB
Fri Apr 28, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 4077

Re: If you pay a high AMT, would you take out $1M mortgage?

I think AMT applies to us on account of our deductions (high taxes, 4 children). We pay a large AMT in addition to our 33% tax bracket because of our itemized deductions. This year our gross income is around 400K. Exactly. You're talking about buying a house that costs over three times your gross i...
by EddyB
Wed Apr 26, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 4267

Re: Becoming a homeowner/landlord in a college town?

Barefootgirl wrote:
I am not sure how a landlord can discriminate - eg. faculty or grad students only...


I think I've heavily influenced the composition of my tenants by being picky about where I advertise vacancies.
by EddyB
Thu Apr 20, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can Power of Attorney override POD designations?
Replies: 12
Views: 1641

Re: Can Power of Attorney override POD designations?

The answer is: It depends. Please read this reference to get a sense of what is at play in this situation. From my read you can construct the Power of Attorney to prevent this from happening. m And in (at least) some states, unless the POA specifically grants authority to change beneficiaries, the ...
by EddyB
Sun Apr 09, 2017 10:44 pm
Forum: Personal Consumer Issues
Topic: home exchange experiences
Replies: 9
Views: 1167

Re: home exchange experiences

Do we have any serially successful home exchangers here? I would like to hear from those who have traveled this way, especially from those who have been successful despite not having a prime home exchange site (ie, you do not live off Central Park in New York City, or have a beachfront home in Hawa...
by EddyB
Sun Apr 09, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 11965

Re: High Income earners, whats your Tax Strategy?

If you're in California, you need to really learn about state tax rules as well since we pay a lot in state tax. A lot of energy is spent on understand federal tax rules at the expense of learning about state tax rules but don't let that happen to you. What are some California-specific strategies t...
by EddyB
Sun Apr 09, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4499

Re: Any reason NOT to do a backdoor Roth IRA?

To be honest, I know it's very popular and common, but I don't do it because I feel like it violates the spirit of the law and I'm not convinced it's quite legal. This is the exact wording describing my feelings on the issue. I have a close relative who is a CPA and thinks it is not allowed. He rea...
by EddyB
Thu Apr 06, 2017 5:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Jack's Bracket!
Replies: 6
Views: 1434

Re: Jack's Bracket!

The East Regional was not Jack's friend; he only got two picks right in the entire bracket. He would have faired far better if he had simply indexed his picks, taking the higher seed over the lower seed. I guess it's for the best that is reserved for the real money. He did beat the experts, though....
by EddyB
Thu Apr 06, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Packing cubes for travel
Replies: 60
Views: 4614

Re: Packing cubes for travel

Never heard of these so I had to look them up. How is any better than just packing the clothes into the suitcase? Seems like it's an extra step to pack the clothes into the little container and the put that into the suitcase. Now to get dressed you have to open up each individual container to get a...
by EddyB
Thu Apr 06, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: Packing cubes for travel
Replies: 60
Views: 4614

Re: Packing cubes for travel

Never heard of these so I had to look them up. How is any better than just packing the clothes into the suitcase? Seems like it's an extra step to pack the clothes into the little container and the put that into the suitcase. Now to get dressed you have to open up each individual container to get a...
by EddyB
Mon Apr 03, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Law school-most cost efficient, yet quality, way to get Real Estate law degree?
Replies: 37
Views: 2930

Re: Law school-most cost efficient, yet quality, way to get Real Estate law degree?

Don't go to law school unless you want to blow a ton of money for no return. I know too many people who went to law school, got themselves indebted to the tune of $100K+, and are now not even working as lawyers because they couldn't find law jobs. Law school nowadays is a racket. Law school is grea...
by EddyB
Sat Apr 01, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 25755

Re: Illusion of poverty/wealth

but if they do, doesn't it reflect its own survivorship bias, presuming that he professional service providers who deal with wealthy executives and company founders are representative of the group as a whole? No. Survival bias is based on only looking at those who 'survived' and ignoring those who ...
by EddyB
Sat Apr 01, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 25755

Re: Illusion of poverty/wealth

Your example is plagued with survival bias. Thomas Stanley's research found that while about two-thirds of the millionaires he surveyed were from the ranks of entrepreneurs and business executives (over 90% of all millionaires have a college degree, and a 'B' average is typical), they generally do ...
by EddyB
Thu Mar 30, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11339

Re: Not opting for 529... anyone else?

So under whatever financial aid model is described in the site you linked, the 529 doesn't hurt him? And presumably the tax benefit helps him, at least if the funds end up being used for school. Seems like if he's maxing out tax-advantages retirement accounts and likely to use the 529 for school, i...
by EddyB
Thu Mar 30, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11339

Re: Not opting for 529... anyone else?

OP, I do not save for my children's college education. My plan was if I am fully-employed long enough, I will have my Financial Independence (FI) fully funded. Then, I can use my taxable account and annual saving to "cash flow" my children's college education. It worked out for me. I am &...