Search found 425 matches

by Goal33
Sat Aug 19, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: My 2.5% IRA CD -- no early withdrawal penalty, really??
Replies: 1
Views: 386

Re: My 2.5% IRA CD -- no early withdrawal penalty, really??

You're right to be skeptical. Don't cash it out until you see that policy in writing...
by Goal33
Sat Aug 19, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 28
Views: 1827

Re: Japanese Bubble Burst 1989

Your typical investor doesn't put their entire lifetime of portfolio investments in on one day. I don't think a Japanese boglehead would have done too poorly if they started their career around the peak and still have a few working years left with something like a 40/40/20 Japanese stocks/world stoc...
by Goal33
Sat Aug 19, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Cash out refi for exterior home remodel?
Replies: 3
Views: 214

Re: Cash out refi for exterior home remodel?

Your current rate is so good that it would be a shame to refinance out of it... my vote is just to do it in phases.

Driveway, landscaping last.
by Goal33
Fri Aug 18, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or taxable account
Replies: 27
Views: 1749

Re: Pay off mortgage or taxable account

I'd do #2 but not for the reasons you would. I would want the liquidity in an event of emergency. Also, don't buy a rental house.
by Goal33
Fri Aug 18, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 93
Views: 6194

Re: Jobs that pay over $100,000

I studied Computer Engineering which is basically studying Computer Science & Electrical Engineering.

The Computer Science portion got me a job paying around 120k day 1 out of college at age 22 in 2014.
by Goal33
Fri Aug 18, 2017 12:26 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 4155

Re: Powerball - $510 million?

I am regret adverse, so I threw in 40 bucks along with 19 other people at work.
by Goal33
Mon Aug 14, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3260

Re: What % of income to buy a car is not excessive?

I am pretty sure this topic has been beaten to death but..... What are some of you guys' thoughts on % of income that you can spend on a car? Let's assume based on post-tax take home income. The answer is that it depends. Many factors. My car was 3.3% of my annual income and my fiancées car was 48%...
by Goal33
Sun Aug 13, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1365

Re: Create a Mortgage Payoff Fund or Not?

I'd do option 3 which is pay off the whole thing now and open a line of credit for the emergency which will probably never happen.
by Goal33
Sat Aug 12, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 724

Re: Personal mortgage loan

My feeling is that if you need to be formal about loaning your son 60k, you can't afford the loan.
by Goal33
Sat Aug 12, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 4589

Re: What home task(s) are worth learning to do yourself?

It probably makes more sense to just learn things as one needs to. For instance, why learn plumbing if you never have a plumbing problem? Agreed. Every time there's an issue, you evaluate if you can do it yourself or if you need a professional. The same applies to the car. Sometimes I'm uncertain b...
by Goal33
Sat Aug 12, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from LCOL to HCOL -> what do I need to take into account?
Replies: 6
Views: 798

Re: Moving from LCOL to HCOL -> what do I need to take into account?

You should take into account the schools. Not all the beach communities are affluent even though the prices seem high. I have spent 23 years living in Greater LA or greater SD. You don't want to send your kid to an Oxnard school.
by Goal33
Sat Aug 12, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: buying a rental property vs investing more in stocks
Replies: 26
Views: 2760

Re: buying a rental property vs investing more in stocks

Pay off your house. Will leave you more room to buy stocks with your cash flow. Will reduce your family expenses by around 25%.
by Goal33
Wed Aug 09, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6374

Re: I pay $6K in rent. Am I an idiot for not buying?

Since you are such a high earner I would probably keep doing what I'm doing until life circumstances change. Then re-evaluate if you want to keep renting or buy at that point. Given your income I don't think you've got too much to worry about in terms of real estate cycles. Also since you're likely ...
by Goal33
Wed Aug 09, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: How much cash should I have in my bank for emergency funds.
Replies: 29
Views: 2011

Re: How much cash should I have in my bank for emergency funds.

I wouldn't argue with her over this. 100k in a savings account for me would be huge. For you I think it's fine. It's like 3 months of savings for you.
by Goal33
Wed Aug 09, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: First Portfolio Review! 31 and 30 y.o. NYC married couple
Replies: 29
Views: 2270

Re: First Portfolio Review! 31 and 30 y.o. NYC married couple

I think you're doing really well.

1) I would recommend maxing out "her 401k" and putting a bit less in the "eventual house fund" since you're clearly on the path to putting 20% down anyway.

2) is there a tax deduction for the 529 where you live? I would probably skip it if not.
by Goal33
Mon Aug 07, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Gift for children in 25 years in taxable account or UGMA/UTMA?
Replies: 8
Views: 592

Re: Gift for children in 25 years in taxable account or UGMA/UTMA?

KlangFool wrote:OP,

1) Keep it in your taxable account for now.

2) Whenever your children have any kind of earning, move/contribute to their Roth IRA.

KlangFool
I share the same view.
by Goal33
Sun Aug 06, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying parents home and estate planing
Replies: 17
Views: 1241

Re: Buying parents home and estate planing

I am confused by what you are trying to do. My recommendation is to give them a few hundred a month to provide them with some more money.
by Goal33
Sun Aug 06, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3547

Re: Do I have enough to retire-retire from the military

I will say probably not. I think $90K annual expenses is huge for a family of 4 who do not have a paid off home. You can investigate "Do I have enough?" calculators yourself. http://www.cfiresim.com http://www.firecalc.com and also read https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-t...
by Goal33
Wed Aug 02, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 9590

Re: Burned out at 28. Do I have enough?

Similar profile. I am 26. I bought a sports car. Used. Spent only 5k. I feel better now.
by Goal33
Wed Aug 02, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Son
Replies: 21
Views: 2268

Re: Advice for Son

Tell him to pay off his mortgage and car loan.
by Goal33
Wed Aug 02, 2017 5:49 am
Forum: Personal Finance (Not Investing)
Topic: what should my parents do with $100k they just received.
Replies: 12
Views: 1719

Re: what should my parents do with $100k they just received.

They should give you the 100k so you can build a guest house in your backyard. You can rent it out to other people until they're ready to retire.
by Goal33
Mon Jul 31, 2017 7:57 am
Forum: Personal Consumer Issues
Topic: New 2018 Honda Odyssey Problem - Need Advice
Replies: 37
Views: 3395

Re: New 2018 Honda Odyssey Problem - Need Advice

I got "upgraded" to a Jeep from a sedan during a business trip one time. I had to drive the car 200 miles and I got totally car sick from it. It may be the suspension or just the ride feeling as others have eluded too. In the case of a minivan, I'd figure out how to get used to it. But con...
by Goal33
Sun Jul 30, 2017 5:05 am
Forum: Personal Consumer Issues
Topic: Comcast - lease modem/router or buy?
Replies: 47
Views: 4329

Re: Comcast - lease modem/router or buy?

Now about the router, what are folks who swapped out using? The R7000 is about $42 more expensive than the R6700 on Amazon. I'm looking to do this on the cheap. It's hard to know exactly how much to spend on a router -- $40, $65, $100, $150, $300? With a 100 Mbps plan and only two people in the hou...
by Goal33
Sat Jul 29, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Comcast - lease modem/router or buy?
Replies: 47
Views: 4329

Re: Comcast - lease modem/router or buy?

I'm on crapcast. Buy your own. I bought my SB6141 on Amazon for $87. You didn't ask, but I'm using a Netgear Nighthawk AC1900 router. Pretty expensive - $188 on Amazon last year - but well worth it imho. Awesome range, speed has been fantastic, and I've never needed to reboot it. I +1 everything sa...
by Goal33
Wed Jul 26, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance at age 24
Replies: 16
Views: 1699

Re: Investing Inheritance at age 24

At your income level, I'd max the Roth 401k. Use this money to meet your expense needs while you do that.
by Goal33
Tue Jul 25, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6794

Re: Post Nuptial agreement guaranteeing alimony?

He could also die after your divorce and then you'll get nothing from his enhanced earnings. IMO your best bet is to have a post-nuptial agreement that entitles you to more of the marital assets to compensate for your reduced earnings throughout the marriage and after. I am not a lawyer though and I...
by Goal33
Mon Jul 24, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: College student daughter got her car totaled. Advice?
Replies: 34
Views: 3050

Re: College student daughter got her car totaled. Advice?

I highly recommend a use Toyota Matrix or the Pontiac Vibe at that price point for a college student. Vibe is the same as Matrix under the covers. I had a Matrix throughout college and it was excellent and practical. I'm still sad I sold it but I opportunistically got a major upgrade when a friend w...
by Goal33
Mon Jul 24, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Vacation rental: to sell or to keep?
Replies: 5
Views: 495

Re: Vacation rental: to sell or to keep?

if you can deduct the loss I'd probably sell it.
by Goal33
Mon Jul 24, 2017 5:50 am
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10484

Re: % bogleheads of overall population

Literally none of my peers have heard of bogleheads, yet all of them are in index funds as their only investments. Not sure how they figured it out but it's possible for people to have bogleheads style portfolios without reading this website. Only thing I do mostly because of bogleheads that they se...
by Goal33
Mon Jul 24, 2017 4:21 am
Forum: Personal Consumer Issues
Topic: Verizon- Why do they treat old customers worse?
Replies: 47
Views: 5214

Re: Verizon- Why do they treat old customers worse?

Yes. I could not take it anymore and cut the cord completely.

I use my neighbors unsecured wifi (yes, I understand the risk, but realistically there is none)

I bought an antenna for some local channels.

I pay for Netflix. I sometimes signup for amazon prime. I sometimes signup for hbogo.

:)
by Goal33
Sun Jul 23, 2017 4:02 am
Forum: Personal Consumer Issues
Topic: Would you chase down this possible hit and run lead?
Replies: 31
Views: 2893

Re: Would you chase down this possible hit and run lead?

Why didn't you call the police and get them to do a report right there? The car was right there. It just seems so obvious and easy. What am I missing? +1. You're making assumptions but you didn't call the police. Let your insurance deal with it, and if you are subject to a deductable that is higher...
by Goal33
Fri Jul 21, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 42
Views: 7378

Re: Chipping away at the mortgage

Thanks for all the replies/input. Sunny_socal, I didn't think there is anything such as a true "no-cost" refi. Sure, I could get one with no point fees, but I will always have to still pay the appraisal, processing, origination, or any other baloney fees. So, there is always some fee. Not...
by Goal33
Thu Jul 20, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Office 2007 end of life
Replies: 27
Views: 1793

Re: Office 2007 end of life

I just use google docs and google sheets now. It's easier anyway because I can look at things on my laptop, phone, or at work.

I'm not concerned about data privacy for my usage.
by Goal33
Tue Jul 18, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Not raising rent for 10 years in California
Replies: 17
Views: 2616

Re: Not raising rent for 10 years in California

Luckily nothing to worry about because rent in CA goes up every year with few exceptions.
by Goal33
Mon Jul 17, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 43
Views: 2507

Re: How Much Would You Spend on a Blender?

My grandma gave me a blender she got for around $10. Makes great smoothies. Been using it for 8 years. I'd say it has appreciated in value.
by Goal33
Mon Jul 17, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: gaming the mortgage interest deduction
Replies: 18
Views: 2383

Re: gaming the mortgage interest deduction

If you want to game your in-laws... you can make this deal, and then refinance
by Goal33
Sat Jul 15, 2017 2:35 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3385

Re: What am I missing here? [I'm a bachelor]

The homeowner's mortgage deduction from taxable income is another wrinkle. For someone young, childless and unmarried, the homeowners deduction does not add much value. A young, childless, unmarried non-homeowner will take the standard deduction. To receive the mortgage deduction, one has to itemiz...
by Goal33
Sat Jul 15, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3385

Re: What am I missing here? [I'm a bachelor]

Don't mix home ownership with accumulating wealth. It's a lifestyle decision and upfront usually costs more money than rent. Long term as poster above was saying, you usually appreciate the home because of the locked in expenses while everything else is inflating in price.
by Goal33
Sat Jul 15, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: If i turn off central AC will it damage drywalls?
Replies: 38
Views: 3501

Re: If i turn off central AC will it damage drywalls?

I will start by saying I live in California and have basically no experience with humidity or temperatures managing to get above 80 degrees indoors.

I am just curious, if the concern of folks is humidity, what about a dehumidifier?... what am I missing?
by Goal33
Tue Jul 11, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Home sale/purchase question
Replies: 6
Views: 494

Re: Home sale/purchase question

Believe your closing costs can be added to your basis. So maybe that puts you at 155k purchase price. Real estate commissions can be deducted from your selling price. Maybe that puts you at 188k selling price. Reduces your profit to only 33k, and maybe you've done 3k of enhancements since you've bee...
by Goal33
Tue Jul 11, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13641

Re: Costco with a "gentle" bump for memebership

Not sure what I save or not but Costco is fun
by Goal33
Tue Jul 11, 2017 6:46 pm
Forum: Personal Consumer Issues
Topic: $1368 for new shocks/struts on '05 Corolla?
Replies: 83
Views: 5411

Re: $1368 for new shocks/struts on '05 Corolla?

I'd put cheaper tires on the car and just live with them going out faster
by Goal33
Mon Jul 10, 2017 11:45 pm
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 2733

Re: Moving a car cross country

3-4 weeks sounds like a long time. You should be able to find somebody to ship the car cross country within a week.
by Goal33
Mon Jul 10, 2017 11:05 pm
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 2733

Re: Moving a car cross country

Can the outback tow the accord?
by Goal33
Mon Jul 10, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Exchange 80+ stocks with capital gains for funds?
Replies: 25
Views: 2084

Re: Exchange 80+ stocks with capital gains for funds?

Insofar as all your individual stock holdings, all you can do is try to match capital gains with capital losses and liquidate those stocks this year. Then, figure out each year how much capital gains tax you can afford and liquidate that amount of stocks each year. +1 Also, how old are you? Not to ...
by Goal33
Mon Jul 10, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 65k cash
Replies: 64
Views: 5225

Re: Where to put 65k cash

If your job has a Roth 401k, maxing that out and using the 65k to live until you run out of money is the obvious answer to me. And maybe by the time you run out of the 65k. Maybe if your lucky your earnings will go up and you'll never spend the 65k.
by Goal33
Mon Jul 10, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Laid off - Lump sum severance package. Worried about taxes
Replies: 11
Views: 1313

Re: Laid off - Lump sum severance package. Worried about taxes

Sorry to hear you're getting laid off. In years when you have an unexpected spike in income, one thing that could potentially ease your tax burden is to pay state taxes before the end of the calendar year. Paying your 2017 state income taxes in 2017 will allow you to deduct them in your 2017 federa...
by Goal33
Sun Jul 09, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4158

Re: Gift to son buy a condo in San Francisco. Co-ownership?

My feelings are that if you can afford it, help your children while you are alive and they can really use the help, rather than leave them a bundle when you die, when they probably don't really need it. Just my quirky thinking. Hopefully it will bring joy to both of you. That's what I keep telling ...
by Goal33
Sun Jul 09, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4158

Re: Gift to son buy a condo in San Francisco. Co-ownership?

I think its funny how so many people think giving the son 500k will ruin him financially. Goal33, It is not funny. Many of my peers have the median household income of 150K and their mortgage is 500K. This is the norm in my neighborhood. They are financially stressed. So, this is my own first-hand ...
by Goal33
Sun Jul 09, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4158

Re: Gift to son buy a condo in San Francisco. Co-ownership?

I think its funny how so many people think giving the son 500k will ruin him financially. Even if he buys a 1 million dollar condo and uses the 500k as a down payment, his total expenses after property taxes may be around 4k a month, but after deductions on his income, he will be basically around th...