Search found 151 matches

by cbr shadow
Mon May 22, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2228

Re: What to do w/ $60k Lump Sum?

Isn't paying the mortgage balance down to below PMI levels equivalent of getting a nearly guaranteed 8.2% return? The PMI is $192/mo for 54 months or $10,400. Subtract out some administrative expenses. On $44K, that's 23.5% or 4.7% a year. Plus the 3.5% of the actual mortgage rate. That's 8.2%. Wha...
by cbr shadow
Mon May 22, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 17
Views: 1542

Re: Galapagos Trip, Suggestions

Thanks for all of the tips so far!
As for our diving experience, we have 20 dives under our belt right now. Hopefully we can get 5 or so more while in Galapagos.
by cbr shadow
Sun May 21, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 17
Views: 1542

Galapagos Trip, Suggestions

I posted here recently about a South Africa trip my wife and I were planning, but the general consensus was that our 10 day timeframe was not long enough for that trip after accounting for the travel time. We'll save that for next year when I have more available vacation time. Next on our list of pl...
by cbr shadow
Fri May 19, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Re: Updates to our financial situation & a few questions..

looks good. if you do DCA, what will you invest the rest of it while waiting? high-yield savings? you can use a target date account and adjust bond allocation. but if you are going to have so much VTSAX, why not just buy the components (US TSM, Total Int'l, Total Bond) and adjust the bond allocatio...
by cbr shadow
Fri May 19, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account dividend reinvestment setting?
Replies: 4
Views: 267

Taxable Account dividend reinvestment setting?

There was a reason when I setup my Vanguard taxable account that I did not allow for reinvesting dividends. Is there any reason to NOT reinvest dividends? I have almost 100% VTSAX in that taxable account and every quarter I notice I have money in the money market account just sitting there rather th...
by cbr shadow
Wed May 17, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Re: Updates to our financial situation & a few questions..

looks good. if you do DCA, what will you invest the rest of it while waiting? high-yield savings? you can use a target date account and adjust bond allocation. but if you are going to have so much VTSAX, why not just buy the components (US TSM, Total Int'l, Total Bond) and adjust the bond allocatio...
by cbr shadow
Wed May 17, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Re: Updates to our financial situation & a few questions..

Does your stock allocation include any international exposure? If so you may want to consider adding some VTIAX to taxable. Holding international stocks in taxable accounts is beneficial so that you can take advantage of the foreign tax credit (and can allow for tax loss harvesting due to fluctuati...
by cbr shadow
Wed May 17, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Re: Updates to our financial situation & a few questions..

Are you doing 95/5 because you do not have room for bonds in other accounts? At 33, 80/20 or 85/15 might be a better place to be. Since you are a CA resident, Vanguard has an Intermediate-Term California (and Federal) Tax-Exempt bond fund. I assume you are in the 28% or close to 33% federal tax bra...
by cbr shadow
Wed May 17, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Re: Updates to our financial situation & a few questions..

looks good. if you do DCA, what will you invest the rest of it while waiting? high-yield savings? you can use a target date account and adjust bond allocation. but if you are going to have so much VTSAX, why not just buy the components (US TSM, Total Int'l, Total Bond) and adjust the bond allocatio...
by cbr shadow
Wed May 17, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1120

Updates to our financial situation & a few questions..

My wife and I are both 33 yrs old and work in the SF Bay Area. Her Salary: $135k base + Bonus (Bonues varies, minimum of $20k) His Salary: $82k Current Net Worth: ~$450k 401k Her: Max ($18k) 401k His: Max ($18k) Roth IRA Her: Max ($5.5k) Roth IRA His: Max ($5.5k) Taxable Vanguard Joint: Any extra, (...
by cbr shadow
Wed May 17, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: FIL's $100k Question
Replies: 5
Views: 667

FIL's $100k Question

I'm posting this question for my father-in-law. He's 70 year's old and retired with the exception of some contract work every once in a while. My MIL still works, but likely will retire in the next year or so. Between a modest pension, social security, and some modest savings (invested with a financ...
by cbr shadow
Thu May 11, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18136

Re: Why save so much for when you're old?

I was thinking the same thing. +2. FWIW, my wife and I maxed out both our tax-deferred retirement accounts when we first married (4yrs ago) and our income was about half of $160k, and we had an infant and we aren't misers (well, she isn't). My SO and I work in the Bay Area and gross approx $190-$20...
by cbr shadow
Thu May 11, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18136

Re: Why save so much for when you're old?

My wife and I only gross about 160k combined and yet we manage to dine out weekly, attend plenty of concerts and plays, travel relatively lavishly (annual two week trips to either the west coast and Europe while staying at well appointed Airbnb properties + a week at the beach + multiple long weeke...
by cbr shadow
Thu May 11, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Trip to South Africa in November - Advice
Replies: 24
Views: 1364

Trip to South Africa in November - Advice

My wife has wanted to go to South Africa for a long time so we're finally going to do it in November. We have lots of Chase Ultimate Rewards points that we'll be using to get there. I'd like Bogleheads advice on every aspect of the trip: What to do, where to go, must do's, things to avoid, etc.. We'...
by cbr shadow
Tue May 09, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17942

Re: Where to Live on $60K or Less a Year?

Based on the comments given, and our first-impression thoughts of a location (for example, regardless of how wonderful somewhere in Washington State or upstate New York might be, it is simply too far away from my wife's family for her to consider living there).... Realize that you've added another ...
by cbr shadow
Wed May 03, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Finding the best savings account
Replies: 7
Views: 663

Finding the best savings account

I currently only have a checking account for cash, and would like a "high interest" savings account. What's currently the best high interest savings account available? If you can't provide a specific one, what percentage APR should I look for? If it matters I'm located in San Francisco, CA...
by cbr shadow
Fri Apr 28, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Joint Taxable Account: Confirming Bank?
Replies: 3
Views: 480

Vanguard Joint Taxable Account: Confirming Bank?

My wife and I have a joint taxable account at Vanguard. We've funded this account through Vanguard when we opened it. Today I tried to add funds to that account from our joint checking account, but I'm getting the error: Bank account needs authorization This bank account needs to be authorized by on...
by cbr shadow
Fri Apr 21, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform and Impact on 401(k) [Wall Street Journal article]
Replies: 11
Views: 1197

Congress eyeing 401(k)'s?

I've read a few articles about this recently and wanted to see what Bogleheads thought. Most recently I saw this in the WSJ, but since that's behind a paywall it's not accessible to everyone. I've posted a similar article below which references the WSJ one. What are your thoughts on this? Is this li...
by cbr shadow
Thu Apr 06, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8857

Re: Buying expensive car, how to keep payments low?

Get a Honda Fit instead.
by cbr shadow
Tue Mar 28, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor vs MLS Listing Service
Replies: 13
Views: 796

Re: Realtor vs MLS Listing Service

The home will also be unoccupied, so I’m motivated to sell it as quickly as possible. -Ryan Have you considered auctioning it if you want it sold ASAP? Might save on the commissions but I have no idea what an auctioneers commission is. I haven't, but I'm not sure I'd be comfortable dealing with an ...
by cbr shadow
Tue Mar 28, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor vs MLS Listing Service
Replies: 13
Views: 796

Re: Realtor vs MLS Listing Service

Will the MLS service also provide and place a lockbox on the unit? If not, who is going to show the place and how will that happen? Good point. I'll need to look into this, Although it may not be an issue since we have an electronic lockset on our front door with a key code. Keys are still availabl...
by cbr shadow
Tue Mar 28, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor vs MLS Listing Service
Replies: 13
Views: 796

Realtor vs MLS Listing Service

I’ve decided to sell my one and only rental property in the Chicago suburbs. My property manager is also a good realtor and agreed to 5% split commission, so I’ve been thinking I would go with her, but haven’t signed an agreement yet. A friend of mine suggests I use a single-fee MLS listing service ...
by cbr shadow
Fri Feb 24, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Rwards Points?
Replies: 3
Views: 289

Tracking Rwards Points?

I'd like to find a single place where I can track all of my rewards points. I found an app recently, but it wouldn't track Marriot points, which was the only one it wouldn't track. I'd basically like to track Marriott and Chase rewards points and would like the ability to combine users if possible (...
by cbr shadow
Thu Feb 16, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1653
Views: 254538

Re: What's Your Credit Card Rewards Strategy?

My wife and I recently both applied for the Chase Reserve card for the 100k point sign up bonus after spending $4,000 in the first 3 months. Our next payment will put us over that $4000 limit on each card, so we'll get the points. I'm hoping to open another Chase credit card to use it for the sign u...
by cbr shadow
Fri Jan 27, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Issue - Advice needed
Replies: 17
Views: 1560

Re: Rental Issue - Advice needed

The aquarium bag doesn't say "do not flush" on it.. but neither does a box of nails! hahaha I wouldn't think either would need such a label. I think you're likely right that I'm going to be on the hook for the $$$. Very frustrating, especially considering the tenants attitude about being p...
by cbr shadow
Fri Jan 27, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Issue - Advice needed
Replies: 17
Views: 1560

Rental Issue - Advice needed

I posted on here recently with a question about whether it's worth keeping my rental property or not. Generally the answer was "no", so I decided after reviewing the numbers that we would sell it when the current tenant moves out 4/1/2017. I mentioned that we've always had very good tenant...
by cbr shadow
Mon Jan 16, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Worth keeping rental? (Numbers included)
Replies: 3
Views: 481

Worth keeping rental? (Numbers included)

My wife and I live in San Francisco Bay Area where we are both employed, but we own a house in a Chicago suburb that we rent out. We lived in the house originally, then moved and decided to be landlords. As our current tenant gets near the end of their lease I'd like to consider if it's worth keepin...
by cbr shadow
Wed Jan 11, 2017 2:27 pm
Forum: Personal Consumer Issues
Topic: Trip to Kona, Hawaii - Suggestions
Replies: 44
Views: 3048

Trip to Kona, Hawaii - Suggestions

My wife and I are flying to Hawaii in about 3 weeks for a week-long vacation. We've been to Maui many years ago, but nowhere else in Hawaii. My wife picked Hawaii because she wanted to see/hike on a volcano. What are the best things to do in this area? We are Open Water Certified for scuba diving, s...
by cbr shadow
Mon Jan 09, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA income questions
Replies: 4
Views: 624

Re: Roth IRA income questions

Bump - any help appreciated
by cbr shadow
Sun Jan 08, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA income questions
Replies: 4
Views: 624

Roth IRA income questions

I'd like to contribute to Roth IRA's for my wife ($5500) and myself ($5500) for 2016, but I'm not sure if we're eligible or not. We lived in Australia until April 2016 (Getting paid in AUD, but still paying some US taxes on that money). Then we moved to California and now both work for USD. We ended...
by cbr shadow
Thu Jan 05, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve: Too good to be (completely) true
Replies: 186
Views: 28231

Re: Chase Sapphire Reserve: Too good to be (completely) true

Is there any reason my wife and I can't both sign up for a card and take advantage of the signup bonus twice? She applied and was approved this morning. I assume she should refer me to get extra (I believe 10k) points? Note: We wont have any issue hitting the minimum spend for (2) cards in the first...
by cbr shadow
Tue Dec 27, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: Brother buying new car
Replies: 4
Views: 674

Brother buying new car

My brother asked me for advice on buying a new car for his wife/kids. He's nervous about the negotiating part of buying a new car. I'd do it for him, but I'm located across the country. When I bought a new car about 6 years ago I used a method that worked great: calling multiple dealerships and maki...
by cbr shadow
Tue Dec 20, 2016 7:20 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 8505

Re: Hard Endeavor/Exercise in Middle Age

I'm similar aged (33) and have a similar background with football/wrestling and just droning to the gym 3x per week to stay reasonably fit. Then two years ago I decided to get a road bike and do some cycling with a friend of mine. This really woke up a competitive spirit that I had in my early 20's ...
by cbr shadow
Tue Dec 20, 2016 1:35 pm
Forum: Personal Consumer Issues
Topic: Best Car Value For $10K Or Less
Replies: 30
Views: 2188

Re: Best Car Value For $10K Or Less

I didn't read through all of the posts above, but skimmed through most of them. I was in the exact same situation as you a few months ago and ended up finding a 2012 Toyota Prius with 74k miles for $9800. It satisfies all of your requirements and I believe is the best value car around (talking dolla...
by cbr shadow
Fri Dec 16, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 4973

Re: 20% Match on 401k.. sorta.

... how do I put this nicely?... Stop complaining about something that's benefitting you. That would be a good way to put it. There is no obligation to provide any type of employer match at all. I understand your point, but I think it's fine to complain about a bad 401k program if it's deceptively ...
by cbr shadow
Thu Dec 15, 2016 1:52 pm
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 4642

Re: How will you tip this Christmas?

I grew up in Chicago but moved to Australia a few years ago and was thrown off by the "no tipping" policy there. I was so used to tipping EVERYONE, which comes off awkwardly in Australia. Minimum wage is higher and Australians pride themselves about paying everyone a good living wage. Once...
by cbr shadow
Wed Dec 14, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4782

What happens to those who don't invest?

I grew up in a suburb of Chicago in an upper-middle class area and went to college in the midwest. I've always "worried" about my finances and saved a good amount, married someone who was financially responsible, learned about investing, etc. I think we're in good shape financially, but no...
by cbr shadow
Wed Dec 14, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: [55% of households have Zero Credit Card Debt]
Replies: 30
Views: 3096

Re: US households (indebted) average $16k credit card debt!!!

White Coat Investor wrote:Since I started paying my taxes by credit card I'm sure my monthly average is higher than $16K. Always paid in full of course, but that's what gets reported to credit bureaus.


This caught my attention! How do you pay your taxes on a credit card? I'd like to do this as well :)
by cbr shadow
Thu Dec 08, 2016 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Verify my Backdoor Roth Procedure
Replies: 5
Views: 390

Re: Verify my Backdoor Roth Procedure

I believe the fact that wife and I both have IRA's means we cannot do the backdoor roth ira, correct? You can do it, but you wouldn't want to because the conversion would be pro-rated with the IRAs. This does not produce the desired result and is something you don't want to get into. If that's the ...
by cbr shadow
Thu Dec 08, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Verify my Backdoor Roth Procedure
Replies: 5
Views: 390

Verify my Backdoor Roth Procedure

This year will be the first year that my household income is over the limit to contribute to Roth IRA. I've been reading about a backdoor roth though, which sounds like a good option for me. Here are a few facts: - Household income (wife + Myself) = ~$250k - Wife max 401k ($18k), I'm not yet eligibl...
by cbr shadow
Wed Dec 07, 2016 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 16037

Re: Retiring in a Decade after Graduation

[Post removed by admin LadyGeek] OP, I'd check out MrMoneyMustache if you're looking for some responses that are a bit more open-minded than the above. There's nothing wrong with your goals and plenty of people have done this successfully. You'll need to get used to hearing resistance from people t...
by cbr shadow
Tue Dec 06, 2016 7:20 pm
Forum: Investing - Theory, News & General
Topic: What does Dave Ramsey mean by "ride the wave"
Replies: 29
Views: 5672

Re: What does Dave Ramsey mean by "ride the wave"

I found Dave Ramsey before I found MrMoneyMustache before I found bogleheads. Each helped me in some way, but I was totally turned off by a Dave Ramsey podcast when a caller was asking for advice and Ramsey said "The first thing you need to do is find a good church!" I was confused about w...
by cbr shadow
Tue Dec 06, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: $60k Towards Rental, or VTSAX?
Replies: 8
Views: 832

Re: $60k Towards Rental, or VTSAX?

Makes sense. At 33 are you 100% stocks? If investing, it should line up with your desired asset allocation. 80/20, 70/30, etc Other uses: Back door roth? College fund? Any upcoming spending you can pre-load? Car purchase, vacation? If you have any inkling of "retiring early", having a tax...
by cbr shadow
Tue Dec 06, 2016 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: $60k Towards Rental, or VTSAX?
Replies: 8
Views: 832

Re: $60k Towards Rental, or VTSAX?

Why would you want to sell your rental and give up on $1,700 a month in income? Well it currently ties up $60k in equity, plus exposes me to some risk like large things breaking in the house, possibility of bad tenants or vacancy, etc. Then there's insurance/taxes that could change, etc. It's hard ...
by cbr shadow
Tue Dec 06, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: $60k Towards Rental, or VTSAX?
Replies: 8
Views: 832

Re: $60k Towards Rental, or VTSAX?

Thanks for the reply. I don't mind being a LL from San Francisco. I've been a LL for this rental from Australia for the last 2-years, so SF feels local :) The $60k is on top of our emergency fund that we have in another account. The $60k is just "extra" that we don't want to just sit aroun...
by cbr shadow
Tue Dec 06, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: $60k Towards Rental, or VTSAX?
Replies: 8
Views: 832

$60k Towards Rental, or VTSAX?

Below I've listed some stats to help form a better picture of our situation, but I'm wondering if we should use our $70k cash to pay down our mortgage on our rental or if we should invest that money in our Vanguard taxable account. Ages: 33, 33 Kids: No Income: ~$220k + variable bonus somewhere betw...
by cbr shadow
Fri Dec 02, 2016 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 4973

Re: 20% Match on 401k.. sorta.

C'mon, the new guy has full leeway to ask the bold questions. At my previous place of work, after a presentation all the employees in the room would turn to me and give an expectant look. One of the employees would ask, "OK, livesoft, was this presentation legit? I'm sure you have some questio...
by cbr shadow
Fri Dec 02, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 4973

20% Match on 401k.. sorta.

I recently switched jobs to a small company that offers a "20% 401k Match", meaning they'll match 20% of whatever you contribute. This seems strange to me that they don't do a 1-to-1 match up to a certain percentage. So basically if I max my contribution ($18,000) they'll put $3,600 into m...
by cbr shadow
Fri Dec 02, 2016 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Closing very old bank account - Credit Score?
Replies: 5
Views: 400

Closing very old bank account - Credit Score?

My wife and I are both 33 and have ~800 credit score. We have a bank account in the town we grew up in which has been her account for 18 years. They're actually a very bad bank and we'd like to close the account, but we're worried that it will have a large impact on our credit score. We've kept it f...
by cbr shadow
Tue Aug 30, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: No 401k for a year - IRA?
Replies: 7
Views: 621

Re: No 401k for a year - IRA?

Every employee can contribute to their IRA, the lesser of $5,500 or earned income. If at least age 50 there is an additional $1,000 on that maximum contribution. If you are covered by an employee plan at work, you may not be allowed to deduct your contribution. See Table 1-2 on page 13 here: https:...

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