Search found 83 matches

by GrandDesigns
Tue May 16, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

OP, In the Bay Area and other global cities, it's incredibly hard to buy property as a single 27 year old unless you have deep pocketed family willing to help. That's just a fact of life. If you move to Austin, do you want to immediately buy a house on an acre with a 15-20 mile commute? Why? There'...
by GrandDesigns
Mon May 15, 2017 11:51 pm
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6241

Re: What Will Burst the Next Bubble?

Interest rates have been historically low for awhile now. I don't think investors are speculating so much as chasing yield wherever they can get it. If interest rates stay low, stocks will continue to be highly valued, and overall P/E could stay high indefinitely. If interest rates get back to leve...
by GrandDesigns
Mon May 15, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

I'd love to see some data on this, but I haven't really found anything. What I'd like to see is what % of sales are all-cash, what % get a mortgage, what % are going to foreign buyers, etc. If the vast majority of sales are all-cash to some really wealthy people, then interest rates rising shouldn'...
by GrandDesigns
Mon May 15, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

Lets see how that works out. Something like SV: 1 million dollar house, 10k/year taxes Austin House: 400k house, ~9k/year taxes. is about right. Call it even. Now it is 30 years later and you are ready to retire SV: 3 million dollar house, 15k/year in taxes Austin: 1.200k house, 30k/year in taxes W...
by GrandDesigns
Mon May 15, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

For 1mm in the bay area , you are looking at 1.3% to 1.4% in property tax with other assessments. Downtown Austin is fun for young people like you with lot of bars and restaurants. You will like Austin but be prepare for the summer heat. Don't know Austin specifically but OP needs to understand tha...
by GrandDesigns
Mon May 15, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

Counterpoint: Take the lifestyle hit for a while, and enjoy the things that are good in the SFBA (e.g. outdoor activities). Sock away as much $$ as physically possible. Keep riding the gravy train at least until the next bust. Between the insane prices (price/rent ratios that do NOT make sense), Ea...
by GrandDesigns
Mon May 15, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

We moved out of NY to Texas for the same reason about 8 years ago. Our lives couldn't be better. Thanks. All the replies here are great and super helpful, but they seem to be confirming the conclusion I came to originally. You can spin the math about housing anyway you want based on future career p...
by GrandDesigns
Mon May 15, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

As someone that works for a Bay Area company while living in Austin I'll state that your income isn't going to take a significant, if any type of, cut. Obviously, no state income tax here which will help. And, you don't even want to see what the same amount of $$ would get you here. My mortgage on ...
by GrandDesigns
Mon May 15, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Re: Anyone else agree with my logic on silicon valley housing?

Two thoughts: Housing in Austin may not be as cheap as you think it is. If you can get a job with Silicon Valley pay that allows you to work remotely and keep it for as long as you can after you move, that will put you way ahead financially. I have known several people in NYC who did something simi...
by GrandDesigns
Mon May 15, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6700

Anyone else agree with my logic on silicon valley housing?

I'm an engineer living in silicon valley, and I am pretty sure I'm going to exit within the next year, to somewhere like Austin, Texas or something. I came to the revelation that I need to live SV when I realized that, as long as I am comfortable financially, lifestyle is more important to me than n...
by GrandDesigns
Wed Apr 05, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: Continuing to Invest in Muni Bond Funds
Replies: 13
Views: 1486

Re: Continuing to Invest in Muni Bond Funds

Muni bonds are performing well in 2017, especially the very underappreciated and maligned high yield munis. The only threat here is is an unexpected and sharp jump in Treasuries. Everyone had been looking for higher rates in 2017 there on the long end, but as usual the experts have been proven wron...
by GrandDesigns
Wed Apr 05, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Continuing to Invest in Muni Bond Funds
Replies: 13
Views: 1486

Re: Continuing to Invest in Muni Bond Funds

Thanks for the advice. On the note of the munis, I own munis because I'm out of room in my Roth IRA, and at a $300,000/year income, I do not want to further increase my tax burden at that marginal rate.
by GrandDesigns
Wed Apr 05, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Continuing to Invest in Muni Bond Funds
Replies: 13
Views: 1486

Continuing to Invest in Muni Bond Funds

Since the election my Vanguard municipal bond funds have been losing money. I guess there are a few factors for this. One is that the Fed is raising rates, and publicly plans to keep doing so, which means current bonds will be devalued. If the current government lowers taxes, the tax advantage of mu...
by GrandDesigns
Sat Mar 04, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 1251

Re: RSU + Autosale for taxes

Thanks I now understand where this $12,000 number is coming from. It sounds like I have two options: 1) Adjust my W-4 withholdings, try to crunch the numbers correctly, and hopefully owe less than $1,000 next year 2) Just make the quarterly payments of $3,095 and then no matter what happens, I won'...
by GrandDesigns
Sat Mar 04, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 1251

Re: RSU + Autosale for taxes

Thanks everyone, this was really good advice and saved me from overpaying an accountant. I have one more question. Now that I filed the taxes, TurboTax says I need to make estimated payments next year or I'll probably owe penalties, and that I believe. But it says I should pay the IRS $3,095 every ...
by GrandDesigns
Sat Mar 04, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 1251

Re: RSU + Autosale for taxes

Thanks everyone, this was really good advice and saved me from overpaying an accountant. I have one more question. Now that I filed the taxes, TurboTax says I need to make estimated payments next year or I'll probably owe penalties, and that I believe. But it says I should pay the IRS $3,095 every q...
by GrandDesigns
Thu Mar 02, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 1251

Re: RSU + Autosale for taxes

Thanks for the help everyone, this did clarify somethings and result in a normal return. 1) The W-2 does in fact include the earning and taxes from the vest of the shares, so I was wrong to report the tax again. Indeed if I enter the 1099-B with the cost basis, and no tax reported, the sales have al...
by GrandDesigns
Wed Mar 01, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 1251

RSU + Autosale for taxes

I am working on my taxes, and TurboTax currently claims I am owed a federal refund of $27,173, and a state refund of $14,692. It calculated this because of my total income, plus the taxes reported in my W-2 plus the stock that was withheld and sold for taxes. That is a huge refund on about $275k in ...
by GrandDesigns
Mon Sep 05, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: My Mother's Long Term Care Insurance
Replies: 12
Views: 1381

Re: My Mother's Long Term Care Insurance

More info needed. So what is the house worth? How much does she have in retirement? Will she get a pension? Will she get SS? If she went into LTC, at age 80, will you support her? or Will she go into welfare? This is a consideration we had with our Only. We took care of 3 of our folks at home plus ...
by GrandDesigns
Mon Sep 05, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Professional mid-life crisis
Replies: 28
Views: 4868

Re: Professional mid-life crisis

For what it's worth, having very strong passions outside work have helped me weather tough times at jobs to make it to the point where things either improved, or when I finally moved on it was to the right opportunity. My friends who claim work is their big passion in life seem very easily dismayed ...
by GrandDesigns
Sun Sep 04, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: My Mother's Long Term Care Insurance
Replies: 12
Views: 1381

My Mother's Long Term Care Insurance

I am trying to help my mother, 58 years old, decide if she should continue her long term care insurance, which she has paid into 2 years now. While on one hand, I like the thought of not worrying about her care costs someday, I'm also worried she might have been oversold a lemon by a very agressive ...
by GrandDesigns
Sun Feb 21, 2016 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Foreign Stock With Paper Stock Certificate
Replies: 0
Views: 210

Selling Foreign Stock With Paper Stock Certificate

I hold some stock in a Canadian company, which I possess a paper stock certificate for. The shares are "held" by the Canadian Stock Transfer Company, who sends me the dividend checks. All I know about the stock is that at some point in 2009 or 2010 my grandfather (now deceased) transferred...
by GrandDesigns
Wed Jan 27, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: I received an unexpected 401(k) full withdrawl
Replies: 13
Views: 3764

Re: I received an unexpected 401(k) full withdrawl

This thread has been dormant for awhile, but I wound up putting the money into my 401(k) via a check, so now my question is: how do I report on my taxes that I rolled the full amount over so that I can receive the refund? Do I wait to receive the tax form from the 401(k) plan that distributed the fu...
by GrandDesigns
Sun Jan 24, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is my new budget reasonable?
Replies: 4
Views: 566

Re: Is my new budget reasonable?

I do a yearly budget, I include everything--taxes, health care, insurance, one time payments, my expected yearly travel--I have an online slush savings for this makes it easier to feel ok with it. I think that approach might help you out. I am having a hard time going from 11,400 gross to 4374 take...
by GrandDesigns
Sun Jan 24, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 9077

Re: What was your % pay raise?

I got promoted so my raise was 12.5%.
by GrandDesigns
Sun Jan 24, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest down payment fund?
Replies: 2
Views: 324

Re: How to invest down payment fund?

Common BH wisdom is that you do not risk money that is needed within 5 years, so FDIC insured products are best. If you simply cannot abide the low return environment of the safe products, then maybe consider a low risk bond fund, probably a tax-exempt bond fund since this is non-retirement money. ...
by GrandDesigns
Sun Jan 24, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is my new budget reasonable?
Replies: 4
Views: 566

Re: Is my new budget reasonable?

BolderBoy wrote:How old are you? Does your workplace offer a retirement plan (401k?)


I'm 25 years old and yes, I'm maxed out on my 401(k). With the bonus pre-tax 401(k) contribution, and monthly contributions, I'm putting in $18,000/year, my workplace matches $9,000, putting me at $27,000/year.
by GrandDesigns
Sun Jan 24, 2016 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest down payment fund?
Replies: 2
Views: 324

How to invest down payment fund?

I need to investment money I want to use in hopefully 5 years or so for a down payment on a house. Because of that, I don't want to chase the lure of high stock market returns and get burned by a seriously down market. So how should I invest this money? Bonds, CDs, or something else? Should I put a ...
by GrandDesigns
Sun Jan 24, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is my new budget reasonable?
Replies: 4
Views: 566

Is my new budget reasonable?

I am trying to create a budget and I feel overwhelmed. I live in an expensive city, San Francisco. I want to make a budget because my friends think I am stressing myself out living a bit too far below my means, and that with pre-allocated money towards things like hourly Zipcar rentals (I don’t own ...
by GrandDesigns
Thu Dec 31, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much credit limit is too much?
Replies: 15
Views: 2177

Re: How much credit limit is too much?

Definitely don't close the MasterCard just yet. Especially if it has no annual fee. You don't have to ask for 39k with Amex. You can ask for up to 3x your current limit. Computer will counter offer if the 3x isn't auto approved. Ok. This thread makes it sound as if I don't lose much by going for th...
by GrandDesigns
Thu Dec 31, 2015 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much credit limit is too much?
Replies: 15
Views: 2177

Re: How much credit limit is too much?

Was the AMEX your only credit card prior to adding the citi? I have the MasterCard I got when I turned 18 (2008) from my local bank with a $1,000 limit. I really want to close the useless card. My AmEx is only 6 months old. Were you carrying a balance on the Amex? Or paying the statement balance in...
by GrandDesigns
Thu Dec 31, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much credit limit is too much?
Replies: 15
Views: 2177

Re: How much credit limit is too much?

They look at credit usage, not limit. High limit reduces your usage ratios and should make you look better. Interesting, I was told the bank might assume I max all my cards out and factor that in. Since I live in Silicon Valley and it'd be at least a $500k mortgage, I guess if might not be as big a...
by GrandDesigns
Thu Dec 31, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How much credit limit is too much?
Replies: 15
Views: 2177

How much credit limit is too much?

I might be ready to buy a home in 3 years, so I'm starting to make sure I have my credit in the best shape possible for that. One thing keeping my score at "Very Good" is a utilization rate that's too high. Since I need a backup card anyhow for when my Amex isn't accepted, I got a visa and...
by GrandDesigns
Mon Dec 21, 2015 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Are my new retirement contributions reasonable?
Replies: 1
Views: 331

Are my new retirement contributions reasonable?

I got a big bonus and raise at work, so I'm adjusting my 401k contributions. However, because I'm never sure what the exact after tax effect of a raise is, I want to make sure the new contributions won't leave me cash poor, or that I'm not missing anything. I get paid biweekly and I'm in my twenties...
by GrandDesigns
Wed Oct 21, 2015 7:58 pm
Forum: Personal Consumer Issues
Topic: Thoughts On Moving Over Cost of Living
Replies: 9
Views: 1650

Thoughts On Moving Over Cost of Living

I am an engineer living in the San Francisco Bay Area (silicon valley). I first moved out here because of an exciting, high paying job. Over time I've become more and more disillusioned. As one person put it, what good is making $100k+ when you need $300k+ to live here? Unless you want to spend 45-6...
by GrandDesigns
Mon Jun 29, 2015 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: I received an unexpected 401(k) full withdrawl
Replies: 13
Views: 3764

Re: I received an unexpected 401(k) full withdrawl

You can, if your Vanguard 401k will accept rollovers from other 401k plans. You would have to replace the withheld amount if you do this as well. It may be easier to roll it to an IRA, but if you do not have an IRA account or would face small account fees to open one, you might check with Vanguard ...
by GrandDesigns
Mon Jun 29, 2015 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I transfer a mastercard account to a different card?
Replies: 11
Views: 1275

Re: Can I transfer a mastercard account to a different card?

Thanks that's great to know. So is the, "Don't close your cards, it hurts your credit," line overplayed as a scare tactic to get consumers to leave credit cards open? It's just an oversimplified understanding of how age of accounts matters and is utilized by the FICO scoring models. Some ...
by GrandDesigns
Mon Jun 29, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: I received an unexpected 401(k) full withdrawl
Replies: 13
Views: 3764

Re: I received an unexpected 401(k) full withdrawl

You can, if your Vanguard 401k will accept rollovers from other 401k plans. You would have to replace the withheld amount if you do this as well. It may be easier to roll it to an IRA, but if you do not have an IRA account or would face small account fees to open one, you might check with Vanguard ...
by GrandDesigns
Mon Jun 29, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: I received an unexpected 401(k) full withdrawl
Replies: 13
Views: 3764

Re: I received an unexpected 401(k) full withdrawl

Plans are allowed to distribute small balance dormant accounts such as this. The mandatory federal withholding is 20%, not 25% as your figures suggest, but in any event if you want to avoid a taxable event including an early distribution penalty, you need to roll the gross distribution (200 or so) ...
by GrandDesigns
Mon Jun 29, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: I received an unexpected 401(k) full withdrawl
Replies: 13
Views: 3764

I received an unexpected 401(k) full withdrawl

A company that I used to intern years ago for recently switched to Empower for their 401(k) plan. I was not expecting this to affect me at all since as an intern, I did not believe I had any 401(k). Today, I received a check marked as a full withdrawal from my 401(k) account for ~$150. There was int...
by GrandDesigns
Mon Jun 29, 2015 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Can I transfer a mastercard account to a different card?
Replies: 11
Views: 1275

Re: Can I transfer a mastercard account to a different card?

I have a mastercard that I opened with my local bank years ago, but I have moved, and so I no longer have accounts with that bank, except for the MasterCard. Can I move to a different MasterCard, withs someone like Citi, without losing all my account history for the purposes of my credit report? Ev...
by GrandDesigns
Sat Jun 20, 2015 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can I transfer a mastercard account to a different card?
Replies: 11
Views: 1275

Can I transfer a mastercard account to a different card?

I have a mastercard that I opened with my local bank years ago, but I have moved, and so I no longer have accounts with that bank, except for the MasterCard. Can I move to a different MasterCard, withs someone like Citi, without losing all my account history for the purposes of my credit report?
by GrandDesigns
Mon Jun 15, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have experience with Anthem EPO?
Replies: 3
Views: 616

Re: Anyone have experience with Anthem EPO?

That's correct about out of network. They pay 70% of the agreed price. They don't pay 70% of your bill. If your bill is $20,000, and The agreed price is $7000, then your insurance will pay 70% of $7000. The hospital will then come after you for the rest of the $20,000. In network, the insurance get...
by GrandDesigns
Mon Jun 15, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have experience with Anthem EPO?
Replies: 3
Views: 616

Anyone have experience with Anthem EPO?

I am a 25 year old male in the San Francisco Bay Area, considering my health insurance options at my new job. I am in good health but very active so I get sports injuries from time to time. In that regard, I am not considering my employer's HMO option as I don't want to get a referral everytime I se...
by GrandDesigns
Mon May 18, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best plan for my assets if I am disabled?
Replies: 10
Views: 931

Re: What's my best plan for my assets if I am disabled?

If there are no special needs I don't see the point of spending the money to even set up a will at this point. You don't own any property which is the biggest pain. Your accounts are all TOD. In the case of disability your parents are most likely to step up as caregivers or use your assets and insu...
by GrandDesigns
Mon May 18, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best plan for my assets if I am disabled?
Replies: 10
Views: 931

Re: What's my best plan for my assets if I am disabled?

If there are no special needs I don't see the point of spending the money to even set up a will at this point. You don't own any property which is the biggest pain. Your accounts are all TOD. In the case of disability your parents are most likely to step up as caregivers or use your assets and insu...
by GrandDesigns
Mon May 18, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best plan for my assets if I am disabled?
Replies: 10
Views: 931

Re: What's my best plan for my assets if I am disabled?

since I have no dependents, I just set up parents and siblings as beneficiaries on life insurance payouts, etc. and was done with it. Do you mean insurance through your employer, for which you didn't have to contribute anything? Otherwise, since nobody is dependent on your income to survive, there ...
by GrandDesigns
Mon May 18, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best plan for my assets if I am disabled?
Replies: 10
Views: 931

What's my best plan for my assets if I am disabled?

My background: I am in my mid 20s and single. Up to this point I have not taken death or disability planning very seriously. In regards to inheritance, since I have no dependents, I just set up parents and siblings as beneficiaries on life insurance payouts, etc. and was done with it. For disability...
by GrandDesigns
Fri Feb 20, 2015 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Is this good time to invest in 3-fund portfolio
Replies: 14
Views: 1523

Re: Is this good time to invest in 3-fund portfolio

All I can say is that after reading the Boglehead's book, I am convinced nobody can reliably predict when the markets peaking or bottoming out (or doing anything else for that matter). I don't buy investments based on what I think the market is currently doing, I just buy investments based on sticki...
by GrandDesigns
Sat Feb 14, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell ETFs after less than a year to rebalance?
Replies: 3
Views: 505

Re: Should I sell ETFs after less than a year to rebalance?

When you sell stock, you can always afford to pay the taxes since the tax rate is usually not 100%. That is, some of the money from selling the stock can be used to pay the taxes. Without more information, I'm not sure what I would do. Maybe you have only $500 in VONE or maybe you have $5 million i...

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