Search found 564 matches

by Goal33
Tue Jun 12, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or keep cd
Replies: 7
Views: 735

Re: Pay off mortgage or keep cd

The only reason to not pay it off is to maintain liquidity, at a cost that you can calculate.
by Goal33
Sun Jun 03, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Helping son buy a house
Replies: 33
Views: 2967

Re: Helping son buy a house

Keep it simple. Gift him some downpayment money and let him borrow it from the bank. I don't know your son. We gifted our son (same age) the down payment for his first house. Within a year he got married, sold the house and moved. It was not a wise financial decision in my opinion but I kept quiet ...
by Goal33
Sun Jun 03, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Helping son buy a house
Replies: 33
Views: 2967

Re: Helping son buy a house

Keep it simple. Gift him some downpayment money and let him borrow it from the bank. I don't know your son. We gifted our son (same age) the down payment for his first house. Within a year he got married, sold the house and moved. It was not a wise financial decision in my opinion but I kept quiet ...
by Goal33
Sun Jun 03, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: Taxable Investing if Not Worried About Capital Gains
Replies: 9
Views: 1472

Re: Taxable Investing if Not Worried About Capital Gains

I’ve read a thread where livesoft will sell a fund to avoid its dividend by buying something else. He was able to do this tax free because of his capital losses. Maybe he will respond with more details if he sees this.
by Goal33
Sat Jun 02, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: 403B Dilemna
Replies: 10
Views: 1296

Re: 403B Dilemna

Not sure but here’s an idea:

See about withholding less federal / state taxes to bump the check higher. Make up for it by withholding more from your check or making a quarterly estimated payment...
by Goal33
Sat Jun 02, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Helping son buy a house
Replies: 33
Views: 2967

Re: Helping son buy a house

Keep it simple. Gift him some downpayment money and let him borrow it from the bank.
by Goal33
Sun May 27, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13286

Re: Renting vs Owning Your Home

I think I can sell my house for about 10X what I paid for it. Sounds like a killing but probably close to about 5% compounded. Not bad but not a killing either. I disagree. This is a killing. You likely financed 80-100% of this home 44 years ago. And you haven’t had to pay rent the entire time. You...
by Goal33
Tue May 22, 2018 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Disputed HOA billing
Replies: 21
Views: 1864

Re: Disputed HOA billing

Pay it, sell it, and never buy in an HOA again
by Goal33
Wed May 16, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 6831

Re: Mortgage decision killing me

I'd take the 30 year but wish I had the 7/1... :oops:
by Goal33
Fri May 11, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4490

Re: Should I pay cash for a house?

I would go for it but definitely get one with a full 2nd bathroom just to make this better time-proofed... you'll likely end up moving anyway but just in case life works out and you can stay, you won't want to have that be an issue.
by Goal33
Fri Apr 27, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: Comfortable Commuter Cars under $50K
Replies: 81
Views: 5914

Re: Comfortable Commuter Cars under $50K

1999 Toyota Corolla with electric windows
by Goal33
Thu Apr 26, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do I un-follow stock market?
Replies: 31
Views: 1780

Re: How do I un-follow stock marke?

For me it was when I realized I was better off doing nothing... aka putting it all in SP500.
by Goal33
Sun Apr 22, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Renting from potential in-laws?
Replies: 10
Views: 918

Re: Renting from potential in-laws?

Stay in your unit. Otherwise their problems become your problem.

I actually made money in a situation where I bought and sold in less than 2 years but I got lucky and didn’t think I would be moving that soon. I wouldn’t recommend it.
by Goal33
Tue Apr 17, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: [How should I pay off my mortgage?]
Replies: 11
Views: 1374

Re: [How should I pay off my mortgage?]

Liquidity concerns are why I would prioritize taxable investing over paying down mortgage. I assume similar ROI either way but liquidity can be very comforting.
by Goal33
Fri Apr 13, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriate to ask co-worker when retiring?
Replies: 35
Views: 2497

Re: Appropriate to ask co-worker when retiring?

i think you can do it under the right circumstances. if there is a company wide gathering and an opportunity to "mingle". Make small talk and then transition into. How long have you been with the Company ? Same role ? -blah blah blah. Still enjoying the work ? Are you looking for the exit ramp afte...
by Goal33
Wed Apr 11, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: 29 YO With a big windfall. Invest or Pay off the mortgage?
Replies: 17
Views: 2570

Re: 29 YO With a big windfall. Invest or Pay off the mortgage?

Personally, I would: Invest it all in equity in a taxable account. Move equity money out of equity to bonds in the 401k until you're comfortable with your stock/bond ratio. This would help you achieve more liquidity which I personally value. I would also support: re-casting the mortgage or a lump so...
by Goal33
Mon Apr 09, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 2042

Re: Job search advice for a soon-to-be engineering grad...

Please make sure he remembers to be humble. I've interviewed new grads and recent grads who came in with stories that made it sound like they've already mastered engineering before they even started. A recent grad that tells me he saved the company $10 million, or solved some incredible engineering...
by Goal33
Mon Apr 09, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 2042

Re: Job search advice for a soon-to-be engineering grad...

The best thing he can do is make sure his son knows the gravy train is ending. Given the internships, etc. it should be easy to get a job using school resources (job fair). He can leverage his classmates and see what they are doing. I am also an engineering graduate of 2014. I had a job lined up 1 ...
by Goal33
Mon Apr 09, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Handling ageism in tech
Replies: 56
Views: 4771

Re: Handling ageism in tech

I always heard this but now that I’ve been in tech for several years now I have found it to be total bs. The folks who have been in the industry for years are the only ones with a clue. They have seen the same thing over and over again. Maybe using different technologies but bottom line it’s the sam...
by Goal33
Mon Apr 09, 2018 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 2042

Re: Job search advice for a soon-to-be engineering grad...

The best thing he can do is make sure his son knows the gravy train is ending. Given the internships, etc. it should be easy to get a job using school resources (job fair). He can leverage his classmates and see what they are doing. I am also an engineering graduate of 2014. I had a job lined up 1 y...
by Goal33
Mon Apr 09, 2018 12:39 am
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 79
Views: 11547

Re: Too much Bogleheads.org?

mx711yam wrote:
Sun Apr 08, 2018 6:14 pm
It gets worse. Just wait until your wife will no longer listen to you when all you want to talk about is money haha
Lol. And hopefully you saw the guy who was trying to create a power point so he could explain their finances to his wife. :shock:
by Goal33
Sun Apr 08, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes and 401k deduction
Replies: 3
Views: 196

Re: Estimated taxes and 401k deduction

Not an accountant but I’d think you would take it for the first quarter. What if your income drops to nothing for the rest of the year?
by Goal33
Sun Apr 08, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Is fallen tree my responsibility or town's?
Replies: 10
Views: 1566

Re: Is fallen tree my responsibility or town's?

My concern is the town will have decided it was your responsibility and add the cost to your property tax for what they have done, and that their rates would be higher than your own tree guy. Different situation but happened to my sister where the city told her she needed to remove a dead tree on he...
by Goal33
Sat Apr 07, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4343

Re: What would an extra $2000 in cash flow mean for a large family?

It is not clear what you are giving up. Are you moving from a 4k apartment on the 50th floor to a 2k apartment of the same layout on the 3rd floor?

Obviously you should move for an additional 2k a month without additional information.
by Goal33
Sat Apr 07, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4343

Re: What would an extra $2000 in cash flow mean for a large family?

It is not clear what you are giving up. Are you moving from a 4k apartment on the 50th floor to a 2k apartment of the same layout on the 3rd floor?

Obviously you should move for an additional 2k a month without additional information.
by Goal33
Thu Apr 05, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: Starting a home search... Late 60s rancher?
Replies: 18
Views: 1612

Starting a home search... Late 60s rancher?

Starting my housing search in the VHCOL bay area (east bay: think Lafayette, Orinda, Walnut Creek, Danville, San Ramon, etc). Would like some input on what to look out for in 60s ranchers style homes. I am absolutely looking for a one story home. But, I've narrowed out 80s single story homes because...
by Goal33
Sat Mar 31, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: $20,000 book - what to do with it
Replies: 34
Views: 5785

Re: $20,000 book - what to do with it

Shackleton wrote:
Sat Mar 31, 2018 12:08 pm
You're a better person than me... I'd be talking to a major auction house about putting it up to the highest bidder.
+1, unless realistically it’s not worth anywhere near the 20k price stated but could write off 20k based on the appraisal.
by Goal33
Fri Mar 30, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Local Credit Union will not do a Cash Out Refi.
Replies: 19
Views: 1651

Re: Local Credit Union will not do a Cash Out Refi.

Maybe don't tell them it's already under construction...?
by Goal33
Thu Mar 29, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: When to sell my current home
Replies: 17
Views: 1142

Re: When to sell my current home

Depends how critical the house value is to your financial picture.
by Goal33
Wed Mar 28, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Interest only vs. Traditional mortgage
Replies: 7
Views: 881

Re: Interest only vs. Traditional mortgage

How are you getting such a low rate? I assume this is for an ARM and you have some type of status with a bank?
by Goal33
Wed Mar 28, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4102

Re: Cosign college loan for sibling?

He can get his own loan. Maybe it’ll be at a higher rate. I think as his brother you could offer a nice gift. Maybe a few k to ease the burden but co-signing for 50k, no way.
by Goal33
Mon Mar 26, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Should I proactively replace my central AC unit?
Replies: 33
Views: 2549

Re: Should I proactively replace my central AC unit?

I wouldn't. Had a similar situation and just got a window unit until I could get it repaired.
by Goal33
Mon Mar 26, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: How can I start investing when equities and real estate are this much high?
Replies: 65
Views: 8042

Re: How can I start investing when equities and real estate are this much high?

To me it’s obvious that you should just use the upcoming CD to pay off your house at the very least since you’re afraid of investing.
by Goal33
Sat Mar 24, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3064

Re: $35/month for washer dryer rental?

I think everybody is missing the point. The landlord wants to make an additional $35 a month from the apartment. If he doesn’t take their washer and dryer the landlord will just raise the rent an additional amount to make up for it next year.
by Goal33
Fri Mar 23, 2018 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Paying Points on Purchase Mortgage - Worth It?
Replies: 28
Views: 2489

Re: Paying Points on Purchase Mortgage - Worth It?

+1 to those who say you don't know the future. I bought a forever home in 2016, and then had to sell it in 2017. Luckily Bay Area so I actually came away with a small profit after commissions but it sucked. I regret not taking a credit with the lender for a higher rate, and also regret not doing a 7...
by Goal33
Thu Mar 22, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which state to file taxes in?
Replies: 14
Views: 962

Re: Which state to file taxes in?

He lived in CA since continuously for the past 25 years until July 2017. Then he moved to IL for Grad school July 15th. I am not sure what his state of residency should be considered. Did he completely sever ties back to CA in 2017? i.e. changed drivers license, car's license plate, voting registra...
by Goal33
Thu Mar 22, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Which state to file taxes in?
Replies: 14
Views: 962

Re: Which state to file taxes in?

He lived in CA since continuously for the past 25 years until July 2017. Then he moved to IL for Grad school July 15th. I am not sure what his state of residency should be considered. Did he completely sever ties back to CA in 2017? i.e. changed drivers license, car's license plate, voting registra...
by Goal33
Thu Mar 22, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Which state to file taxes in?
Replies: 14
Views: 962

Re: Which state to file taxes in?

He made about 10k in CA on a W2 before between Jan-July while he was in CA. He hasn't had any income since he got to Illinois since he's been in school. What was his state of residency in 2017? Domicile and residence are not necessarily the same. He lived in CA since continuously for the past 25 ye...
by Goal33
Thu Mar 22, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Which state to file taxes in?
Replies: 14
Views: 962

Which state to file taxes in?

My friend has some confusion over his taxes. He asked me to post here since I didn't know either. He is originally from CA, which is where his parents live. He now is attending Graduate school in Illinois. He made about 10k in CA on a W2 before between Jan-July while he was in CA. He hasn't had any ...
by Goal33
Wed Mar 21, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Points on Purchase Mortgage - Worth It?
Replies: 28
Views: 2489

Re: Paying Points on Purchase Mortgage - Worth It?

Sorry I'm not answering your question but rather asking you a question.

Can you deduct the points paid all in the first year?
by Goal33
Tue Mar 20, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Rolling Lease For Apartment (Condo)
Replies: 14
Views: 967

Re: Rolling Lease For Apartment (Condo)

The pitfall for you is you need to give 6 months notice and the pitfall for the landlord is that they need to give 6 months notice. Major advantage of renting is flexibility... being able to leave on a 30 day notice. As a landlord, I wouldn't want you to have 6 months notice to be upset and not pay ...
by Goal33
Mon Mar 19, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13000

Re: Can I Retire at 38?

This is too easy. Get another job
by Goal33
Sun Mar 18, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5976

Re: How much money can a CPA save you?

I get a letter from the IRS every year telling me I owe them money. Usually it is related to a Backdoor Roth or similar, and they are always wrong. My CPA takes care of the correspondence to clear up the matter, at no extra charge. I'm sure I could figure out how to do it myself, but I'd rather not...
by Goal33
Wed Mar 14, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401K: Guaranteed 9.3% Return?
Replies: 43
Views: 5997

Re: 401K: Guaranteed 9.3% Return?

dwickenh wrote:
Wed Mar 14, 2018 5:13 pm
jpsc wrote:
Wed Mar 14, 2018 4:36 pm
I believe when you retire, CA will come after you for the tax, even if you move to another state.
Is this true?
No, don't think so.

https://www.gpo.gov/fdsys/pkg/PLAW-104p ... publ95.htm
by Goal33
Wed Mar 14, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: 401K: Guaranteed 9.3% Return?
Replies: 43
Views: 5997

Re: 401K: Guaranteed 9.3% Return?

I look at it the same way, but then I challenge myself. If I were to move to a income tax free state, would I want to do the Roth 401k in favor of the traditional 401k... just in case I move back to a state with taxes? I don't know. I guess I don't have to solve that one right now :)
by Goal33
Mon Mar 12, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, would like some advice
Replies: 30
Views: 2826

Re: Small windfall, would like some advice

I’d max the 401k, start a Roth for you and the wife. After that I’d determine if I wanted to do taxable investing. If yes, do it using a boglehead approach, if no, throw it to the mortgage. Personally, I’d do the taxable investing after maxing the 401k and Roth’s because you have very little liquidi...
by Goal33
Mon Mar 12, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, would like some advice
Replies: 30
Views: 2826

Re: Small windfall, would like some advice

I’d max the 401k, start a Roth for you and the wife. After that I’d determine if I wanted to do taxable investing. If yes, do it using a boglehead approach, if no, throw it to the mortgage. Personally, I’d do the taxable investing after maxing the 401k and Roth’s because you have very little liquidi...