Search found 550 matches

by Goal33
Sun Apr 22, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Renting from potential in-laws?
Replies: 10
Views: 713

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: 1186

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: 2251

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: 2418

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: 1890

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: 1890

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: 4378

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: 1890

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: 70
Views: 8887

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: 184

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: 1470

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: 4023

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: 4023

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: 1514

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: 5512

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: 1563

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: 1092

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: 774

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: 3798

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: 2359

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: 7778

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: 2890

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: 2292

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: 905

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: 905

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: 905

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: 905

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: 2292

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: 911

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: 12560

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: 5670

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: 5797

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: 5797

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: 2732

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: 2732

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 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Tuition discount, 2% pre-pay, 1% two payment
Replies: 8
Views: 1055

Re: Tuition discount, 2% pre-pay, 1% two payment

I prepay to save on car insurance.

In this case I’d want to pay monthly to maintain my easy recourse. Same would go for repaying rent - I wouldn’t do it (unless there was already an established trusting relationship).
by Goal33
Sat Mar 10, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: How can I provide rental references as a longtime homeowner?
Replies: 17
Views: 1802

Re: How can I provide rental references as a longtime homeowner?

Just had this problem. They were super suspicious even with all documentation including bank statements and they just couldn’t understand why I had enough money to buy their unit out right but preferred to rent it and/or easily pay a mortgage which would cost about the same as mortgage. Ultimately I...
by Goal33
Sat Mar 10, 2018 12:17 am
Forum: Personal Consumer Issues
Topic: Is this too much for a kitchen?
Replies: 69
Views: 6568

Re: Is this too much for a kitchen?

I'd figure out how to do something way cheaper (maybe half the cost) for a house worth that amount.
by Goal33
Fri Mar 09, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: 8 mil loss on 1099...
Replies: 35
Views: 5806

Re: 8 mil loss on 1099...

Just claim the 8 million dollar loss and then you'll never have to TLH again, right?
by Goal33
Mon Mar 05, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5829

Re: Donations to your enrolled public school

My SO is a teacher. I put an end to out of pocket expenses and now unfortunately her class students go without activities that other teachers are willing to pay the bill for. Sorry, but I'm not paying for your kid anymore. If it matters to the parents, donate.
by Goal33
Mon Mar 05, 2018 2:54 am
Forum: Personal Consumer Issues
Topic: Converting old home to open plan layout?
Replies: 45
Views: 3994

Re: Converting old home to open plan layout?

I’d recommend you move in and start to get a feel for the space. Remodel later. Don’t invest much in furniture yet. You’ll make a better remodel decision once you’re more familiar with the house. Not specific to you but my new neighbors remodeled before moving in and didn’t do any of what I would (o...
by Goal33
Sat Mar 03, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Taxable Income
Replies: 40
Views: 2873

Re: Lowering Taxable Income

One idea that sticks out to me is to go back to a HDHP and contribute to an HSA :)
by Goal33
Fri Feb 16, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Repairing Stucco: A Case of Contractor Gouging
Replies: 39
Views: 2890

Re: Repairing Stucco: A Case of Contractor Gouging

Every time I have a contractor out, their first question to me is if I own or rent my place. I’m not sure which way is better or worse to answer.
by Goal33
Thu Feb 15, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: When will I get my 1099-S (sale of personal residence)
Replies: 1
Views: 245

When will I get my 1099-S (sale of personal residence)

I am selling my personal residence after less than 2 years. It'll be a breakeven after fees and improvements to the property. When will I get the 1099-S? I assume one of the following. I tried to research but couldn't find a concrete answer. A) as part of closing documents B) shortly after close, ma...
by Goal33
Wed Feb 14, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Why do American Funds hold so much cash?
Replies: 8
Views: 1218

Re: Why do American Funds hold so much cash?

One reason is that it's easier to take the expense ratio out of cash
by Goal33
Tue Feb 13, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to use car insurance proceeds?
Replies: 22
Views: 1683

Re: Obligation to use car insurance proceeds?

I don't think so...

But be sure that your wife has no injuries before cashing that check.
by Goal33
Sat Feb 10, 2018 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9006

Re: Tenants want to break lease early and is pregnant

Being the tenant in this situation, I helped my landlord find a tenant to pay higher rent and leave no vacancy. It was a win-win since he was willing to work with me. If he wasn't willing to work with me, I'd let him try to collect. He would probably win a case, rightfully so, but seems like a lot o...
by Goal33
Wed Jan 31, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: shall I buy Toyota prepaid maintenance service for 2018 Camry
Replies: 37
Views: 3227

Re: shall I buy Toyota prepaid maintenance service for 2018 Camry

Just bought a Rav4. The finance guy agreed to lower the rate if I went for the maintenance plan. I went for it, and then canceled the plan, and kept the lower rate :) I wasn't proud of it but he shouldn't be proud of selling me an overpriced maintenance plan either. He told me he was only making $20...