Search found 1025 matches

by LarryAllen
Mon Jul 16, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Help me analyze this real estate sale
Replies: 7
Views: 344

Re: Help me analyze this real estate sale

What's property actually worth today? Might it go up or down between now and 2020? If property goes down then tenant might not buy it.
by LarryAllen
Mon Jul 16, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 41
Views: 17568

Re: Death Book

heirvault.com is a cool website that deals with this stuff. Tons of good info there.
by LarryAllen
Mon Jul 16, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 50
Views: 5327

Re: Peloton spin bike worth the high cost?

You can get a regular spin bike and watch spin classes for free on youtube. My buddy is a big rider and he used to do the youtube classes and now does Peloton. He says the Peloton experience blows away the free Youtube classes. Plus, he says the bike is super high quality. I myself have done the yo...
by LarryAllen
Mon Jul 16, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 39
Views: 1521

Re: $540 a month on food for graduate student budget too much?

When I was in grad school there were very few "meals" in or out. It was just about always something fast. Throw a bowl of frozen veggies in the microwave. My roommate had a bag of frozen chicken breasts already cooked that he would heat up. Heck, a bowl of oatmeal or cereal. Every meal is a not a ce...
by LarryAllen
Sat Jul 14, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Investing for my homeowner's association
Replies: 31
Views: 1508

Re: Investing for my homeowner's association

I would never want to invest something like my HOA money. Seems like if anything goes wrong or is even perceived as not being best your neighbors would question you (though they might not tell you to your face). Not worth it to me.
by LarryAllen
Fri Jul 13, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2496

Re: 26 years old. Roth ira with edward jones last 3.5 years.

You are doing great. While it's important to be careful not to waste money on unnecessary fees it's also important to not stress about every detail in life. As they say life is too short. If you like Edward Jones then leave it there. If you don't like it then move it to Vanguard. I'd worry about the...
by LarryAllen
Wed Jul 11, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3557

Re: Auto Tariffs: time to buy?

25% increase? Sounds like fake news. Maybe 25% on the cost of steel but the car is only made of a little bit of steel. Just because you weren't paying attention doesn't make it "fake news." The administration is considering 25% tariffs on the whole car, separately from the already-implemented tarif...
by LarryAllen
Tue Jul 10, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7725

Re: Tipping at non sit down places

If I wait in line and then they bring the food to me I usually give a few bucks but generally not more than 10%. Some places re-fill drinks for you so it's quasi-service. Also depends on how I feel that day, how friendly the people were, etc... A buck or two means nothing to me and might mean someth...
by LarryAllen
Tue Jul 10, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3557

Re: Auto Tariffs: time to buy?

Have you considered waiting to buy one of the newer models that burns coal? I see what you did there. I've not spent the time to fully educate myself on this, but I did hear something about foreign car prices could increase 25%!? I'm not sure if the source was exaggerating or if that is accurate, b...
by LarryAllen
Mon Jul 09, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7389

Re: Whole Life - We're doing it. What to look for?

Do not believe all the negativity you might hear/read. Similar to annuities whole life can be great in the right circumstance. Some people just hear the words and have to say something negative. What exactly are you talking about here? This thread doesn't appear to be full of thoughtless negative c...
by LarryAllen
Mon Jul 09, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7389

Re: Whole Life - We're doing it. What to look for?

Do not believe all the negativity you might hear/read. Similar to annuities whole life can be great in the right circumstance. Some people just hear the words and have to say something negative. I should add I do not sell these products but am professionally familiar with them and their applications...
by LarryAllen
Sun Jul 08, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 342
Views: 30510

Re: What is/ was your career and would you recommend it now?

Lawyer/not recommended. Law school is a great education so if you can get it done without significant debt I recommend that and then go different direction than the law perse. Maybe a JD/MBA that some schools offer. Very few of us are really successful financially and there are a ton of people who w...
by LarryAllen
Sun Jul 08, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: What did you sign with your financial advisor?
Replies: 14
Views: 1363

Re: What did you sign with your financial advisor?

This thread was directed to people that DO have a POA with a financial advisor and not those that do not. I am not looking for help. I am trying to warn others who have signed POAs with their advisor to allow them to withdraw their fees. I have a hunch I am not the only person on here who had signed...
by LarryAllen
Sun Jul 08, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: What did you sign with your financial advisor?
Replies: 14
Views: 1363

Re: What did you sign with your financial advisor?

GoldenFinch wrote:
Sun Jul 08, 2018 6:31 pm
What is a POA?
Sorry. Fixed in OP.

Power of attorney.
by LarryAllen
Sun Jul 08, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: What did you sign with your financial advisor?
Replies: 14
Views: 1363

Re: What did you sign with your financial advisor?

You allow a fee only advisor to trade your account?.......Gordon Yes, as to many people. This is a much more focused issue I am pointing out though. Not for anybody to say whether that's a good or bad idea. It's a fact that people have their accounts set up including people here on BH. I am merely ...
by LarryAllen
Sun Jul 08, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: What did you sign with your financial advisor?
Replies: 14
Views: 1363

What did you sign with your financial advisor?

Do you know what type of limited POA (power of attorney) you have signed with your financial advisor? I know the majority of people on here are totally self-directed in your investments so this thread doesn’t apply to you. I am writing this as a public service for anybody that is with an advisor whe...
by LarryAllen
Sat Jul 07, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 3948

Re: Pitfalls of real estate investing

Oddball wrote:
Fri Jul 06, 2018 8:11 am
Go to biggerpockets.com

For what bogleheads is for index funds, that site is for real estate.
+1
by LarryAllen
Thu Jul 05, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 6493

Re: Walking Coast-to-Coast

That's awesome! Congrats on your achievement! What's next?
by LarryAllen
Wed Jun 27, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9657

Re: Stocks vs. rental property

I prefer real estate but I think putting 100% in any one asset class is foolish. I would mix it up between both. Maybe use $500k toward investment real estate and put $500k into low cost etfs. It's not rocket science here. Nobody has a crystal ball. Mix it up and hope it works out.
by LarryAllen
Wed Jun 27, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 49
Views: 3302

Re: 3 nights in Vegas

I would stay at MGM Signature. Huge rooms, reasonable cost, and access to the best pool deck (at MGM). I would rent a car for 24 hours and drive out to Red Rock early morning if you like to hike. Or any time of the day if you don't like to hike. It's the #1 tourist attraction outside of the strip. I...
by LarryAllen
Tue Jun 26, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11625

Re: When did you start flying business class?

I started when I could easily afford it but only on flights where it wasn't crazy expensive. The family recently flew to Costa Rica and the difference was about $500 per person. To me that wasn't a big deal so we went for it. When we went to Europe last year, however, it was a lot more so we got eco...
by LarryAllen
Sat Jun 23, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 51
Views: 3886

Re: Will or Trust?

I always recommend holding money in trust until at least age 30 but really prefer 35 or 40. Even then I always encourage people to leave it in trust forever which creates clear separation of assets of your kids from their spouses -- i.e. better if they get divorced. Your kid can be their own trustee...
by LarryAllen
Sat Jun 23, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Complain or Negative Review for Rip-off Plumber?
Replies: 29
Views: 2979

Re: Complain or Negative Review for Rip-off Plumber?

Contacting the company first really should be your first effort in my opinion. A good company will apologize and make it right. If you did that and they didn't do something to make it right then leave a negative review. Try to not make it accusatory. I generally disregard one star reviews where the ...
by LarryAllen
Fri Jun 22, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4466

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

I'd probably buy an Acura MDX based on your criteria. A great all-around SUV. One model even has captains chairs in the middle row. So only 6 seats but nice for keeping the kids separated. Lol. Or look at the top of the line Infiniti QX60 which can be purchased for about 20% off MSRP. I mention this...
by LarryAllen
Mon Jun 18, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Wills & Trust Lawyer
Replies: 8
Views: 924

Re: Wills & Trust Lawyer

Considering fees is fine but first focus on: - Years of experience; - Focus on estate planning or jack of all trades; - Martindale Hubbell (lawyers.com) rating should be AV; - AVVO.com rating should be 10.0; - Consider online reviews and read for the context not just looking at the ratings; It costs...
by LarryAllen
Mon Jun 18, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 49
Views: 7587

Re: Trust Help From Cruel Stepmother

The best way to figure out who the drafting lawyer was is to look at the deed that put the house into the trust which is a public record. It often will list the attorney's name and/or the attorney will be the notary. However, with that information you are not entitled to a copy of the trust, from th...
by LarryAllen
Mon Jun 18, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 16
Views: 1987

Re: Sacramento Home Owners - House Areas/Questions

I think one important reminder for anyone reading this is that all these towns are in the general Sacramento area, yes, but are also a half hour to one hour drive from each other or from Sacramento depending on traffic. We're coming up on ten years in Woodland which is just ten minutes north of Dav...
by LarryAllen
Mon Jun 18, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 16
Views: 1987

Re: Sacramento Home Owners - House Areas/Questions

The SacBee has an article today about the Bay Area people flocking to the Sac area:

http://www.sacbee.com/news/business/rea ... 79984.html
by LarryAllen
Sun Jun 17, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5322

Re: Young and rich

The key thing here is if you think you are rich you are likely to blow this dough. Don't do that! Don't spend a dime. You got a nice nest egg. Don't mess it up. I wouldn't get too aggressive with your asset allocation. Again, key is not spending.
by LarryAllen
Fri Jun 15, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16677

Re: Should I take possession of a certified mail?

I can't believe I just read two pages of this thread. Happy Friday!
by LarryAllen
Thu Jun 14, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10688

Re: Timeshare ever worth it? Please share details

To the people who are negative about timeshares have you ever stayed in one? As others have said having a living room, kitchen and separate room for the kids makes it an actual VACATION! No comparison to a hotel room. Not even in the same universe. The advantage compared to renting somebody's house...
by LarryAllen
Thu Jun 14, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10688

Re: Timeshare ever worth it? Please share details

I do not see how a timeshare could possibly be worth it in this day and age especially with air bnb. I try to avoid hotels at all costs as I find if I am staying somewhere for a week vacation a house is so much more convenient. If it is a 1 or 2 night stay then a hotel is fine. .... This is why web...
by LarryAllen
Thu Jun 14, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10688

Re: Timeshare ever worth it? Please share details

To the people who are negative about timeshares have you ever stayed in one? As others have said having a living room, kitchen and separate room for the kids makes it an actual VACATION! No comparison to a hotel room. Not even in the same universe. The advantage compared to renting somebody's house ...
by LarryAllen
Thu Jun 14, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10688

Re: Timeshare ever worth it? Please share details

It's not too hard for a timeshare to be a great rental property. I don't recall the particulars but here are the basics of our experience. A Marriott in Hawaii. We purchased on redweek for $18k plus closing costs of about $500 so all-in for $18,500. From Marriott would have been $75k. Annual dues we...
by LarryAllen
Wed Jun 13, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: House that was in trust is actually in estate
Replies: 22
Views: 2298

Re: House that was in trust is actually in estate

Such a common problem. Everybody that has a trust should double check their assets while they are alive and especially if they did a re-fi as banks used to always take houses out of trusts and often the title company didn't put it back in. In California there is a law called a "Heggstad petition" f...
by LarryAllen
Wed Jun 13, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: House that was in trust is actually in estate
Replies: 22
Views: 2298

Re: House that was in trust is actually in estate

Such a common problem. Everybody that has a trust should double check their assets while they are alive and especially if they did a re-fi as banks used to always take houses out of trusts and often the title company didn't put it back in. In California there is a law called a "Heggstad petition" fo...
by LarryAllen
Tue Jun 12, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8933

Re: Getting killed on taxes - any ideas?

I would look at it the other way around and instead of worrying about lowering taxes I would find a way to make more money. That's what I have done. My theory is why get upset about the taxes when instead it's better to just bring home more dough. In your case, based on the OP, I would find ways to ...
by LarryAllen
Tue Jun 12, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: CA Franchise Tax Board lost 2017 Return
Replies: 2
Views: 361

Re: CA Franchise Tax Board lost 2017 Return

Stuff happens. I wouldn't worry about it.
by LarryAllen
Thu Jun 07, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Adding my name to deed (parents house)
Replies: 22
Views: 1632

Re: Adding my name to deed (parents house)

My parents currently have 2 homes. Grandma currently lives in house #1 and they live in house #2. They will be moving back to house #1 soon because grandma will be requiring some at home care. I have been living in house #2 with them up until about a month ago when I got married. My wife and I will...
by LarryAllen
Wed Jun 06, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 16
Views: 1987

Re: Sacramento Home Owners - House Areas/Questions

Another really nice area is Loomis. It's just past Granite Bay. If you live close to the freeway it's not too far to the main mall/stores/restaurants, more space for houses, and excellent schools.
by LarryAllen
Wed Jun 06, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 16
Views: 1987

Re: Sacramento Home Owners - House Areas/Questions

I have several friends in the greater Sac metro area and we have considered moving there. By far the happiest seem to be the ones in Granite Bay. Except for my friends that live all the way out at the lake Granite Bay is close to shopping including all the stores of Roseville and all the schools in ...
by LarryAllen
Tue Jun 05, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent-Owned 529's a bad idea?
Replies: 27
Views: 2952

Re: Grandparent-Owned 529's a bad idea?

It seems that if the 529 does need to be out of grandparents for gift/estate tax reasons (which most people aren't worried about anymore) then it makes more sense to keep in grandparent's name AND not even name the kid on the account as a bene. You can change bene anytime. Then year 3 or 4 of colleg...
by LarryAllen
Tue Jun 05, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 51825

Re: How much money do you want to retire?

I keep moving the goal posts partially due to lifestyle creep and partially due to my being overly concerned about one-off events (major medial, freak lawsuit, etc....).
by LarryAllen
Mon Jun 04, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Home Reno, your objective opinion please.
Replies: 34
Views: 2949

Re: Home Reno, your objective opinion please.

What's the approximate current gross value of the house? The value of the house is 1.5 million and it is 2,400 square feet. All the houses around us are much bigger and much more expensive. Neighbor just sold his 11,000 square foot house for 7.5... it was on the market for a week. This makes us thi...
by LarryAllen
Mon Jun 04, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7585

Re: Is our monthly Personal money out of line?

Fellow BH's: I'm curious what people allocate in their monthly budget for personal money. My wife and I take home about $13,500 a month on average (not including a yearly bonus in March). I set aside $500 in our budget spreadsheet for me (this also covers misc trips to Home Depot and the like). I h...
by LarryAllen
Mon Jun 04, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Home Reno, your objective opinion please.
Replies: 34
Views: 2949

Re: Home Reno, your objective opinion please.

What's the approximate current gross value of the house?
by LarryAllen
Sun Jun 03, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13949

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

So you are a career student? Congrats on all the diplomas. I like to focus on making money myself.

I think this would be a waste from a financial perspective but you might enjoy the educational side of it.
by LarryAllen
Sun Jun 03, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5075

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I have never lived in Philly so hard for me to say but... I'd move in a split second. I have lived in Scottsdale and it's wonderful. Yes, a touch hot in the summer but it's really nice 8 months a year. When it's 75 on New Year's Day and you go out for a hike you can laugh about when you used to live...
by LarryAllen
Fri Jun 01, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo vs mountain cabin investment property
Replies: 30
Views: 2588

Re: Beach condo vs mountain cabin investment property

I like real estate as an investment but the vacation rental business is a job... OR a very high property management cost. I would skip it. Buy a traditional rental in the Smokeys and/or the beach, hire a property manager, and make one trip a year to "inspect" your investment property. A nice tax ded...
by LarryAllen
Fri Jun 01, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Comparing jobs: bonus vs no bonus
Replies: 26
Views: 1673

Re: Comparing jobs: bonus vs no bonus

There are few guarantees in life. Maybe your current company will go bankrupt tomorrow!? So much for that "guaranteed" salary.