Search found 1565 matches

by TRC
Sun Aug 21, 2016 6:44 am
Forum: Personal Finance (Not Investing)
Topic: How to fund down payment on second home.
Replies: 14
Views: 1512

Re: How to fund down payment on second home.

If you can get your current house sold, you'll be in a much stronger position to make a compelling offer on your new house.
by TRC
Sun Aug 21, 2016 6:36 am
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 3555

Re: Tips for a 1000 miles car trip with toddler and baby

Our kids are older (ages 6 and 9), but we did a 14 hour road trip his past April from mass to the outer banks. We drove 10 hours the first day and 4 the next. iPads and lots of movies kept everyone entertained. A 10 month old is a wild card though. Good luck!
by TRC
Fri Aug 19, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 252
Views: 26458

Re: Self-made Millionaires: how did hitting 7 figures change you?

For me, yes I was excited when I hit $1m, yes I was excited when I hit $2m, yes I was excited when I hit $10m. However, by and large nothing has changed except I stress differently ..... As you can see from the above post, being a part of this community also tends to motivate one to get "more&...
by TRC
Fri Aug 19, 2016 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Large amount of home equity - tempting to cash out and FIRE?
Replies: 57
Views: 4094

Re: Large amount of home equity - tempting to cash out and FIRE?

You'll make new friends wherever you go. How much would a new house cost to your standards in a LCOL area? 400k-600k? This would leave you with 500-700k profit (then subtract realtor and relocations fees) to invest. If I weren't "married" to the area, i'd strongly consider moving if I were...
by TRC
Sun Aug 14, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: what to buy when stock market is a new high?
Replies: 37
Views: 5224

Re: what to buy when stock market is a new high?

As others have said, buy according to your asset allocation strategy. By the sound of your post, it's sounds like you don't have one. Do you need assistance establishing one?
by TRC
Sun Aug 14, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5424

Re: Joint Accounts - How do you use it?

If you used you need a budget (ynab) it would allow you to have "virtual spening accounts" without actually having to maintain a bunch of different accounts.
by TRC
Sun Aug 14, 2016 2:56 pm
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 44
Views: 2784

Re: Building a Pool

Thank you for all the replies. To the cost question I came up with the $200k "15 year cost" based on $45,000 initial outlay and $3,000 yearly maintenance related to the pool. If I earned 7% on that money it's like 199k. Maybe $3,000 is too high, but even if it's $0/yr maintenance it's sti...
by TRC
Sun Aug 14, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 44
Views: 2784

Re: Building a Pool

We installed a pool 3 years ago and we live it! Ours cost more than double the numbers you're talking. Modern / well constructed pools are easy to maintain.
by TRC
Sun Aug 14, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: Can landlord specify 6 month inspection in California?
Replies: 16
Views: 1528

Re: Can landlord specify 6 month inspection in California?

Can you make an excuse to swing by to fix something or make an improvement?
by TRC
Sun Aug 14, 2016 5:05 am
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3676

Re: HOA Ruling

We also love in a neighborhood with covenants that prohibits certain things (including large sheds) , but they really aren't enforced. I built a 16 x 20 shed and just cleared it with my immediate neighbor since it was near the property line. How active is your hoa? I would build the bigger one and i...
by TRC
Mon Aug 08, 2016 8:16 pm
Forum: Personal Consumer Issues
Topic: How dangerous is Kids Gymnastics?
Replies: 38
Views: 2743

Re: How dangerous is Kids Gymnastics?

Did you see the French gymnast break his legs in the Olympics over the weekend? I hear he broke the other leg previously. Yes, that was horrific. I showed my wife the video and she said our sons arm looked similar after his break. The X-rays should two complete (and I mean complete) breaks all the ...
by TRC
Mon Aug 08, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: How dangerous is Kids Gymnastics?
Replies: 38
Views: 2743

How dangerous is Kids Gymnastics?

Hello Bogleheads, My son (now age 9) has been in gymnastics since he was 4 years old. He plays a lot of sports (Soccer, Basketball, Lacrosse and skiing), but this is the sport he appears to be taking to most. He was recently invited to be on the team, which competes at the Level 4 and Level 5. This ...
by TRC
Sun Aug 07, 2016 7:44 pm
Forum: Personal Consumer Issues
Topic: How do you screen income for potential renters?
Replies: 6
Views: 1192

Re: How do you screen income for potential renters?

When I was a landlord, I'd ask for copies of recent paychecks, recent statements on checking / savings accounts, credit card balances and summary of their monthly bills. Sometimes I had to explain higher income earners that they could afford our place once all their other bills were paid.
by TRC
Sun Aug 07, 2016 2:12 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 98
Views: 9808

Re: Suckered into Marriott Kauai Timeshare Presentation

"Suckered"? You are getting a great deal for something that you proactively signed up for. If you don't want to sit through the sales pitch, cancel and pay retail price.
by TRC
Sun Aug 07, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: new potential tenants negotiating on rent
Replies: 72
Views: 6298

Re: new potential tenants negotiating on rent

I used to be a landlord. I would view their attempted negotiation as potential red flag on what type of tenant they'll be (ie. high maintenance).
by TRC
Sun Aug 07, 2016 8:39 am
Forum: Personal Consumer Issues
Topic: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars
Replies: 75
Views: 5115

Re: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars

Honda salesman told me he would consider knocking off $1,000 off sticker because they are so hard to keep in stock! This is a line. Were there Honda Pilots on the lot? If so, he's lying too you. Once you decide what you want, I would submit an inquiry on truecar.com to get 3 quotes. Then take the l...
by TRC
Thu Aug 04, 2016 11:12 pm
Forum: Personal Consumer Issues
Topic: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars
Replies: 75
Views: 5115

Re: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars

Former 4Runner owner here. What model 4R are you looking at? The suspension and ride quality are pretty different between the SR5, trail or limited edition. My wife and I have had a 99, 2007 and most recently a 2014 SR5. I traded the 2014 SR5 pretty quickly as I really needed a car. If I were to get...
by TRC
Thu Aug 04, 2016 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mini retirement- RV around country
Replies: 21
Views: 2126

Re: Mini retirement- RV around country

I think it's an awesome idea, but definitely test it for a weekend first, then a week, etc. Kids in long car rides at those ages can be tough.
by TRC
Thu Aug 04, 2016 11:29 am
Forum: Personal Consumer Issues
Topic: Vanguard - is touch ID less secure?
Replies: 12
Views: 649

Vanguard - is touch ID less secure?

I recently enabled Touch ID authentication from my Iphone into my Vanguard account. It's a really great feature and allows a much more streamlined way of accessing my account. I used to login with my password and the 2 factor authentication (SMS text with passcode). Is the Touch ID authentication me...
by TRC
Wed Aug 03, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: please help me help my daughter
Replies: 21
Views: 2184

Re: please help me help my daughter

I think one of the biggest ways you can help her is to have her take some ownership on this process and become financially literate. Can you encourage her to create an account on Bogleheads and have her ask the question?
by TRC
Mon Aug 01, 2016 6:59 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 6604

Re: Should I flip my neighbor's house to save the neighborhood?

Hazardous materials problems you might have to deal with: A house that old will have lead and asbestos issues that will increase the renovation cost if handled correctly. Mold could be an issue. Worse yet would be if the former occupants were cooking meth. I have read of houses that had to be demol...
by TRC
Mon Aug 01, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 6604

Re: Should I flip my neighbor's house to save the neighborhood?

I've flipped a few houses in my day. I couldn't have done them successfully without the help from an experienced flipper who has done it before. I never undertook a big rehab bough. Most of the time it was paint, carpet and elbow grease from people entering foreclosure. It's all about buying at the ...
by TRC
Mon Aug 01, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Real Estate Deal
Replies: 22
Views: 1154

Re: Advice on Real Estate Deal

We would snatch it up now and rent it out until we are ready to make the jump there full time (5 years most likely). - this is an area we would like to move to in 5-15 years. RED FLAG #1 - we have two young children. We are 40. RED FLAG #2 - city is about 8 hours from our current home. I’d hire som...
by TRC
Sun Jul 31, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Retaining wall on neighbor's property
Replies: 69
Views: 4904

Re: Retaining wall on neighbor's property

I want to defend this neighbor more strongly than most have to this point. This is a 4 foot retaining wall replacing a wall that's already collapsed and you want to put it up with no permits and encroach on my property? Be glad he isn't fully hostile at this point, you seem to have a calm and consi...
by TRC
Sat Jul 30, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we retire...
Replies: 51
Views: 5504

Re: Another can we retire...

If you're thing to keep your withdrawal to 200k per year, half of that (realistically more) is likely going to fund your advisors annual fee (assume 1% or $56,000/year) + the expense ratios of the actively managed funds you're likely in (probably 1 to 1.5% annually). Half your annual retirement spen...
by TRC
Sat Jul 30, 2016 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Which financial program to get? Quickbooks vs YNAB vs others
Replies: 47
Views: 2765

Re: Which financial program to get? Quickbooks vs YNAB vs others

I'm an active YNAB user and it works, but it takes discipline. YNAB is free for 31 days. I'd give it a shot first, but make sure you watch the training videos and get your spouse 100% on board otherwise it won't work. Regarding your goal of tracking where your "money is spent, cash flow, balanc...
by TRC
Sat Jul 30, 2016 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell our beach house?
Replies: 11
Views: 1655

Re: Should we sell our beach house?

You're losing money keeping it. You will lose money selling it (full price with 6% realtor fee is $394,800). Can you rent a similar place to take your family to vacation? I would think so. That would give you the freedom to go there if you want or go somewhere else or just stay home. I'd cut my los...
by TRC
Fri Jul 29, 2016 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our beach house?
Replies: 11
Views: 1655

Should we sell our beach house?

6 years ago we purchased a beach condo for personal enjoyment and a semi investment property. After the first summer, we decided to rent it more often to cover most of the costs, while still saving some weeks for personal use when the weather is nicest. Lately we’ve been contemplating on selling it ...
by TRC
Fri Jul 29, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Help appreciated: 90/10 AA too aggressive for us. Best way to change?
Replies: 34
Views: 1904

Re: Help appreciated: 90/10 AA too aggressive for us. Best way to change?

For what's it's worth, I'm in a similar boat, though at the opposite end of the spectrum. Our hide is paid off and we also have a portfolio about the same size. In our AA, we are 38 and hold our age in bonds. I'm thinking we may adjust and use age in bonds - 10.
by TRC
Mon Jul 25, 2016 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB [help using]
Replies: 8
Views: 753

Re: YNAB [help using]

You should post this question on the ynab forum.
by TRC
Mon Jul 25, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Do Realtors Find FSBOs?
Replies: 63
Views: 4076

Re: Do Realtors Find FSBOs?

Every realtor has approached me to sell the house under market value (I know this because recent houses sold for more) and it seems they just want fast sales vs. trying to get me the best value so I'm going to try FSBO out for a bit and if it doesn't work out get a realtor but keep the asking price...
by TRC
Mon Jul 25, 2016 1:49 pm
Forum: Personal Consumer Issues
Topic: Do Realtors Find FSBOs?
Replies: 63
Views: 4076

Re: Do Realtors Find FSBOs?

Get your house on the MLS. Pretty sure you can do that for a flat fee of several hundred dollars. Offer to give the buyer's agent 2-3% of the sale price.
by TRC
Sun Jul 24, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, House, Kids - How to afford all three?
Replies: 61
Views: 4963

Re: Retirement, House, Kids - How to afford all three?

Maybe this has to do with your location, but how on earth does a couple eat on a $150 a month grocery budget?
by TRC
Sun Jul 24, 2016 9:00 am
Forum: Personal Consumer Issues
Topic: New car or not?
Replies: 43
Views: 3727

Re: New car or not?

Spend money on good set of SNOW Tires and you will be fine. You want new car and your mind is using these excuses. Suck it up. :) +1. get some blizzaks on a separate set of steel rims and run them during the winter. I don't put mine on till I see snow in the forecast as warm roads can wear out the ...
by TRC
Sat Jul 23, 2016 7:11 am
Forum: Personal Consumer Issues
Topic: Yet another new/used car post. Help me replace a car
Replies: 39
Views: 3123

Re: Yet another new/used car post. Help me replace a car

You can't go wrong with a Camry or Accord. If you feel like stepping it up, get into the Acura TL SHAWD or Lexus ES350. Personally I drive the TL and it's awesome. Certified used ones with relatively low miles can be found for mid 20's. FYI - I'm 6'1" and it fits me fine. The AWD is nice.
by TRC
Sat Jul 23, 2016 7:08 am
Forum: Personal Consumer Issues
Topic: Very strange discovery on Google [use tracking/privacy]
Replies: 23
Views: 3608

Re: Very strange discovery on Google

Is this an issue only if you have a Gmail account?
by TRC
Thu Jul 21, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Budget
Replies: 24
Views: 2343

Re: Creating a Budget

Use "you need a budget". It's awesome.
by TRC
Wed Jul 20, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: Why did the car salesman stop replying to my emails
Replies: 78
Views: 7618

Re: Why did the car salesman stop replying to my emails

So i emailed a car salesman on friday about a special lease for a honda. I asked for a quote, and they first sent me a link to the car to confirm it, and i said yes that is correct. then they had their manager email me and ask me if i needed anything (so now an extra person unnecessarily emailing m...
by TRC
Wed Jul 20, 2016 5:04 pm
Forum: Personal Consumer Issues
Topic: Should I spend 5k annually on travel?
Replies: 59
Views: 4547

Re: Should I spend 5k annually on travel?

Yes. You never know when you're number is up. Memories and life experiences count a lot more than a pile of money in the big picture.
by TRC
Mon Jul 18, 2016 7:02 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 28961

Re: 23 year old... Can I afford a Rolex?

You don't need our permission to buy a Rolex. If you can afford it and really want it, go for it. Lord knows I've spent more than 5k in my lifetime in splurges.
by TRC
Mon Jul 18, 2016 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie (55 years old) investment planning help requested
Replies: 8
Views: 760

Re: Newbie (55 years old) investment planning help requested

You'll get more meaningful feedback if you post your question using this format: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 To answer your questions: 1) Bonds are a core tenant in the Boglehead philosophy. The % of bonds varies depending on your age and degree of a risk, but a tri...
by TRC
Fri Jul 15, 2016 5:35 pm
Forum: Personal Consumer Issues
Topic: Raising a reader
Replies: 53
Views: 3234

Re: Raising a reader

I challenged my 9 and 6 year old to read 20 pages a day this summer every morning they wake up. If they do it, we agreed to buy any pair of "back to school sneakers" they want for up to $100 each. So far it seems to be working.
by TRC
Fri Jul 15, 2016 3:17 pm
Forum: Personal Consumer Issues
Topic: Recourse for a failed dental crown at 3 years
Replies: 22
Views: 1850

Re: Recourse for a failed dental crown at 3 years

I had to have a crown redone 3 times to the same tooth. On round 3 I finally went to a prosthodontist and had it done right. I didn't sue the first two dentists.
by TRC
Wed Jul 13, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 81
Views: 5906

Re: How much cash to give when invited to a wedding?

$200 from my wife and I. More if its an open bar and much more if it's close friends or family. Weddings aren't cheap.
by TRC
Sun Jul 10, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my rental and pay down primary mortgage
Replies: 17
Views: 1400

Re: Should I sell my rental and pay down primary mortgage

I sympathize with you. I owned a 3 family years ago and hated every minute of it. Landlording is a JOB. If you don't like it, cash out while you can. I learned my lesson the hard way by losing 30K.
by TRC
Sat Jul 09, 2016 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA - Bonds or Stocks?
Replies: 7
Views: 638

Roth IRA - Bonds or Stocks?

If I have room in my 401K to put all of my bond allocation in there, would I be better off using my Roth IRA for stocks instead of bonds? Currently I have both my wife's Roth and my Roth at 100% bonds and the stocks are in our 401K (along with some bonds) and Taxable Account (100% stock funds). I'm ...
by TRC
Sat Jul 09, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Pay off rental or not?
Replies: 17
Views: 1661

Re: Pay off rental or not?

I'm pretty much in the same situation. We have a rental property / vacation home that we break even on and we owe about 145K. It's break even right now, though only rented 8 weeks out of the year. We refinanced it 5 years ago to a 15 year note, with only 10 years left. We could pay it off, but frank...
by TRC
Wed Jul 06, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about son's finances/life
Replies: 41
Views: 7736

Re: Worried about son's finances/life

Is he living on his own with no financial assistance from you? If yes, be proud of his independence and let him find his own way. If he's living in your basement, than thats a different discussion.
by TRC
Wed Jul 06, 2016 5:54 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 30810

Re: What kind of car are you driving?

2014 Acura TL SHAWD. Came off a 2008 be 335xi and couldn't be happier with the Acura. It's a shame they stopped making the TL and now offer the downgraded TLX.
by TRC
Mon Jul 04, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3239

Re: How to negotiate result of big item home inspection

Negotiate for a lower price and fix it yourself. The seller is going to look for the cheapest ways out if they have to fix it.

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