Search found 84 matches

by forevernaive
Mon Mar 20, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage PMI - Should I refi?
Replies: 7
Views: 605

Re: Mortgage PMI - Should I refi?

I agree the best thing to do is to ask the bank to drop the PMI if you can qualify via new appraisal, or for other reasons. If the bank insists a refi is the only way to do this, be sure to insist you are giving them a chance to keep your loan before shopping elsewhere for a refi. Understand the inc...
by forevernaive
Mon Nov 28, 2016 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs Buying A Home?
Replies: 35
Views: 3186

Re: Investing vs Buying A Home?

OP, you should be aware that you can withdraw from many tax-favored retirement investments for your first home down payment with no penalty. You are saving for a possible house purchase already. Other than investigating the options and possibly adjusting some of your portfolio into cash (I wouldn't ...
by forevernaive
Mon Nov 28, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Taxing Agencies Don't Know About 2014 Condo Remodel: What Now? [FLORIDA]
Replies: 8
Views: 1327

Re: Taxing Agencies Don't Know About 2014 Condo Remodel: What Now? [FLORIDA]

Taylor is correct. You need to hang onto your receipts for the renovation, and when you sell (or die) they will be added to your purchase price to increase your basis in the condo (a little oversimplified as not all "improvements" qualify but generally true). If you are selling, you pay ca...
by forevernaive
Fri Nov 11, 2016 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance in a high risk fire area
Replies: 18
Views: 1320

Re: Homeowners Insurance in a high risk fire area

Chubb has been the only option here in CO, other than Lloyds of London. I sympathize.
by forevernaive
Mon Oct 24, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: Putting in a Word About Tea - brands, types, etc.
Replies: 72
Views: 6190

Re: Putting in a Word About Tea - brands, types, etc.

For looseleaf tea brewing I can recommend this travel mug gizmo.

https://www.amazon.com/dp/B00V68BMNE/
by forevernaive
Fri Sep 16, 2016 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Investing non profit reserve fund
Replies: 4
Views: 360

Re: Investing non profit reserve fund

bump. Thanks to Valuethinker, but I still could use some more advice.
by forevernaive
Tue Sep 13, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Investing non profit reserve fund
Replies: 4
Views: 360

Investing non profit reserve fund

Recently a non-profit board I sit on was wrestling with the problem of the interest on the their reserve fund savings accounts not keeping up with inflation. The amounts involved are small but stable: under 200K for a small ($2.5M) non-profit that hasn't drawn down its reserve fund in eight or nine ...
by forevernaive
Tue Aug 30, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is Being a Private Banking Client Worth it?
Replies: 97
Views: 23016

Re: Is Being a Private Banking Client Worth it?

A million dollars (or a few) is not real private banking anymore. Exactly. Private banking service today is just a loss leader for the big boys. The big banks want to get or keep your company or institutional business, or get their hooks into a potentially successful entrepreneur who might have a $...
by forevernaive
Tue Aug 30, 2016 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 24345

Re: $50M+ - Need a sounding board/advice

I had a recent large exit from a company and walked away with around $70M after taxes. We've set up a charitable fund and seeded it with a large portion, set up an angel fund (play money that I don't factor into the total portfolio) and are considering a couple of real estate purchases. We've got a...
by forevernaive
Mon Aug 29, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house near church
Replies: 68
Views: 6220

Re: Buying house near church

When I met her, my wife owned a house in an urban part of a fairly non-religious state that adjoined a church parking lot just as the neighborhood went to mixed use from residential. The church people weren't bad neighbors. There weren't many of them left and at first it was nice we could use their ...
by forevernaive
Thu Aug 25, 2016 1:21 am
Forum: Personal Consumer Issues
Topic: Should contractors working on my house be licensed? have insurance?
Replies: 22
Views: 2064

Re: Should contractors working on my house be licensed? have insurance?

Also be careful that they don't supply you with proof of insurance that has already expired. I once had a roofer try to pull that one.
by forevernaive
Sat Aug 20, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: Has a SUV helped anyone's back?
Replies: 22
Views: 1702

Re: Has a SUV helped anyone's back?

Within small SUVs I'd suggest looking at the Volvo xc60. Volvo's seats are fantastic, and my wife literally bought one because of the seat comfort. In general, back pain from driving means you likely should sit more upright and less like a frog with your legs out in front of you. Taller vehicles all...
by forevernaive
Sat Jul 23, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 18422

Re: How many folks choose to give inheritance to their children in unequal portions?

A friend of mine, who is nearing the end of his life, asked me for some information about inheritance. He has three children, and he is contemplating splitting his inheritance in unequal portions. He is wondering how common it is. Situation - he has three children, all who are healthy and gainfully...
by forevernaive
Sat Jul 23, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Potential Rental Property
Replies: 22
Views: 1841

Re: Potential Rental Property

All, I have been looking into purchasing a rental property for almost a year now. I know the area where I want to purchase and a condo has just popped on the market where I wanted. Now that I'm thinking of making an offer I want to verify this is a good decision - or, at least, not a bad decision. ...
by forevernaive
Tue Jun 21, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: Rear-ended by txt-er w/ minor damage. File Claim?
Replies: 49
Views: 3257

Re: Rear-ended by txt-er w/ minor damage. File Claim?

I think this is about preserving the value of a newer car. On a car that new, I'd go for insurance and make sure the work was done correctly.

When the nice old lady delivering for a charity put a minor dent in my 20 year-old and already much dented truck, I said to forget about it.
by forevernaive
Tue Jun 07, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Move to Denver (Job) or stay in NoVA ?
Replies: 53
Views: 5045

Re: Move to Denver (Job) or stay in NoVA ?

Your kid won an educational lottery ticket in VA. But he can get a darn good education at a Colorado high school, and if you pay for it either with private school tuition or by buying a home near one of the better high schools, the education might be not much different in quality. And he even could ...
by forevernaive
Tue Jun 07, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: House appraisal came in low but high enough for refi -- is it a big deal?
Replies: 10
Views: 817

Re: House appraisal came in low but high enough for refi -- is it a big deal?

I once had the same situation with a refi, and the culprit was the measurement of square footage--my house apparently shrank substantially. But the value was over what was needed for the LTV, so the bank didn't care and I didn't either. The side benefit of a low appraisal is that (in my state) you c...
by forevernaive
Mon May 30, 2016 12:06 pm
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 60
Views: 3842

Re: Separate data partition on dual-boot system?

Of course we don't know the level of security the OP wants. Given that this is Bogleheads and not a computer security forum, I am just guessing just a way to compartmentalize browsing and other internet "experimental" usage is the goal. I haven't had my coffee yet so I haven't absorbed to...
by forevernaive
Mon May 30, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 60
Views: 3842

Re: Separate data partition on dual-boot system?

I have demonstrated this by releasing the IP address. It is easy enough to create a batch file that releases (or renews) the host's IP address. But, is there another mechanism? Wouldn't it be easy enough for some type of malware (or legitimate software) to renew the IP address? In theory: Yes. At s...
by forevernaive
Mon May 30, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 60
Views: 3842

Re: Separate data partition on dual-boot system?

Azurekep, (1) You may have already gleaned this, but you can disable the ethernet (wireless and/or wired) in the host machine OS (e.g. Windows or Mac OS X) but still keep the Virtual Machine (e.g. Linux) ethernet running. The key with VirtualBox is to install the network adapted in Bridged mode, whi...
by forevernaive
Sun May 29, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: Is there such thing as easy load front load washer/dryer?
Replies: 30
Views: 2456

Re: Is there such thing as easy load front load washer/dryer?

We have a front load washer/dryer. Frankly with my wife's bad back it would be nice if the tub and drum were angled and the doors placed slightly higher, so you're not bending over so much. At one point, I thought I saw such a thing from some manufacturer. Never was able to find it. Has anyone seen...
by forevernaive
Sun May 29, 2016 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: House - to buy or not
Replies: 63
Views: 5114

Re: House - to buy or not

I think there are three good reasons to consider buying a house as opposed to renting one not yet covered in this thread: 1) As a hedge against rising rents. Where I live (admittedly a booming HCOL tech area) rents have risen over the years well beyond the point where buying a home has made me look ...
by forevernaive
Sun May 22, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: Complete Car Noob- Help Making First Vehicle Purchase
Replies: 72
Views: 8254

Re: Complete Car Noob- Help Making First Vehicle Purchase

Wow thanks everyone for all the responses and input! I did decide to fix the Accord. It came out to $1500. However, I am still going to be looking to buy a new car in the coming months. I figure that fixing the car will buy me time to do research plus increase its trade-in value. I am pretty set on...
by forevernaive
Sun May 22, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 91
Views: 9264

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

I'd like to suggest an alternate plan which might result in less brain damage from multiple moves while living through construction hell. Is your lot exceptional? If not, why not live in your current home and work with a builder in your neighborhood to build a new home on a different lot in your nei...
by forevernaive
Sun May 15, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: Complete Car Noob- Help Making First Vehicle Purchase
Replies: 72
Views: 8254

Re: Complete Car Noob- Help Making First Vehicle Purchase

That's not something exclusive to "new" cars. I have a 2006 Lexus GS300 and it has to have the tire pressure monitor programmed when new sensors are installed or a new set of tires is added. TPMS became mandatory for all new cars sold after Sept 1, 2007. I used "newer" in refere...
by forevernaive
Sat May 14, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Complete Car Noob- Help Making First Vehicle Purchase
Replies: 72
Views: 8254

Re: Complete Car Noob- Help Making First Vehicle Purchase

While newer cars have more safety features, they also have more $$$ gotchas. For example, if you plan to put snow tires on for the winter months, you now have to pay someone to reprogram the tire pressure sensor in addition to swapping the tires onto the rims. Depending on the manufacturer, you have...
by forevernaive
Fri May 13, 2016 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice on analyzing job offer when leaving stock behind?
Replies: 6
Views: 655

Re: Advice on analyzing job offer when leaving stock behind?

I don't think this is complicated. Take the new job offer. It's more guaranteed money, more job flexibility in when and where you work, and it will make you happier. Put some of the money into diversified stock funds rather than betting heavily on your current company. Yes, if the roulette wheel lan...
by forevernaive
Fri May 13, 2016 5:18 am
Forum: Personal Consumer Issues
Topic: Lawncare - Chigger control
Replies: 9
Views: 1011

Re: Lawncare - Chigger control

Diatomaceous earth. Natural, not a chemical insecticide, but very effective. Safe for humans and pets to tread on, but shreds bug exoskeletons. Available in most every garden and hardware store. Drawbacks include that it is ineffective if used when lawns are wet or before rain, but that's true of ma...
by forevernaive
Tue May 03, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: Best drill/driver for home use
Replies: 67
Views: 6198

Re: Best drill/driver for home use

I've been researching and looking around for the past couple months and finally pulled the trigger last night. Home Depot just got this new Dewalt combo in. Both the drill and impact driver are brushless, so for the price this combo is a really good deal. I had it narrowed down between Rigid and De...
by forevernaive
Tue May 03, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Best drill/driver for home use
Replies: 67
Views: 6198

Re: Best drill/driver for home use

I've been researching and looking around for the past couple months and finally pulled the trigger last night. Home Depot just got this new Dewalt combo in. Both the drill and impact driver are brushless, so for the price this combo is a really good deal. I had it narrowed down between Rigid and De...
by forevernaive
Tue May 03, 2016 10:06 am
Forum: Personal Consumer Issues
Topic: Best drill/driver for home use
Replies: 67
Views: 6198

Re: Best drill/driver for home use

Beware of Big Box "deals" -- You get what you pay for! Lots of the special "sale" kits on cordless drill/driver sets are inferior versions of the real tools. You need to read the specs carefully to discover how. Typically these models either short you with a lower capacity (mah) ...
by forevernaive
Sun Mar 27, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Large Inheritance...Do I need to worry about retirement?
Replies: 69
Views: 9862

Re: Large Inheritance...Do I need to worry about retirement?

OP needs to think about the following 2 items instead of worrying about whether he/she need to save for retirement. A) Tax consequence of selling the stocks. If the tax take away 50+% of the money, he will left with half. B) Diversification. Both (A) and (B) are related. In order to diversify, he n...
by forevernaive
Sun Mar 27, 2016 10:41 pm
Forum: Personal Consumer Issues
Topic: Driving from San Jose, Costa Rica to Guanacaste, Costa Rica
Replies: 17
Views: 1746

Re: Driving from San Jose, Costa Rica to Guanacaste, Costa Rica

Has anyone made the drive from San Jose, Costa Rica to the province of Guanacaste, Cosa Rica? The wife and I are looking to make a trip there in June, and it appears the drive is doable. Other than the obvious tips of drive during daylight hours, be able to speak a little Spanish, don't speed, and ...
by forevernaive
Sun Mar 27, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: $0.09 goof in back door Roth contribution
Replies: 4
Views: 1039

Re: $0.09 goof in back door Roth contribution

There seems to be a fundamental misunderstanding about Back Door Roths. While the goal is to make the conversion before you have any earnings, it doesn't change the process one whit if you do have earnings. You still have to fill out the exact same paperwork as you would for any Roth conversion. So...
by forevernaive
Sat Mar 26, 2016 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: $0.09 goof in back door Roth contribution
Replies: 4
Views: 1039

$0.09 goof in back door Roth contribution

Astonishingly, in the two days I had my traditional IRA open while funds cleared, I was paid a $0.09 dividend. I wasn't looking carefully and converted the whole thing to a backdoor Roth the same day the dividend posted. How will I have to handle the $0.09 gain on my taxes? Or will rounding to the n...
by forevernaive
Sat Mar 26, 2016 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: No debt, want to downsize,should we take loan for some, upgrades to house before selling?
Replies: 15
Views: 1267

Re: No debt, want to downsize,should we take loan for some, upgrades to house before selling?

Another factor you may not have considered: How busy are contractors in your area? In my area, the reputable people are booked 9-12 months out--if you can get them to give you the time of day. Our local building economy is booming; the same might not be true in your area. You also have to find a buy...
by forevernaive
Sun Mar 20, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 1617

Re: Keep or Sell Rental Property?

Thanks forever! I won't lie, most of your post is a bit over my head :) We used turbo tax this year and I believe we select the "depreciation" box? So I assume that means we claimed depreciation. We have done this the same way for all 3 years it's been a rental. Yes, our overall knowledge...
by forevernaive
Sun Mar 20, 2016 6:53 pm
Forum: Personal Consumer Issues
Topic: Project Fi experience? [WiFi from Google]
Replies: 42
Views: 6799

Re: Project Fi experience? [WiFi from Google]

One technical point is that Project Fi runs on the new 700mhz band 12 frequency that T-mobile acquired from AT&T. But not many phones can support this band, hence the limited it to the two newest Nexus phones (5x/6p). You can get this band on T-mobile using the newest iPhone (see their list of s...
by forevernaive
Sun Mar 20, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 1617

Re: Keep or Sell Rental Property?

removed. duplicate post
by forevernaive
Sun Mar 20, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 1617

Re: Keep or Sell Rental Property?

removed duplicate post.
by forevernaive
Sun Mar 20, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 1617

Re: Keep or Sell Rental Property?

No one has mentioned the depreciation on the condo. I'm fairly certain that more than shelters the cash flow of $300/mo, or most of the $700/mo next year. (Edit: It should shelter around $573 a month at a purchase price of $189,000, depending on land vs building value.) OP, if you aren't taking the ...
by forevernaive
Tue Mar 15, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: To Sell or Keep my Investment Property??
Replies: 34
Views: 3640

Re: To Sell or Keep my Investment Property??

I would strongly consider selling. You have a buyer and don't need to market it or pay carrying costs, plus you can avoid most transaction costs by using a lawyer charging $1-2K rather than a broker charging 6% (not sure of MA law but that's how it works here). That makes this offer look even sweete...
by forevernaive
Mon Mar 07, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: do I take the index leap
Replies: 39
Views: 3880

Re: do I take the index leap

... So my current planner has changed quite a bit of stocks. I want to give them a fair chance while I look into the index world.I don't want to list my holdings now because they are going change in a short time to reflect my retirement. At 70 years of age I was 85% in stocks to show you why I star...
by forevernaive
Tue Mar 01, 2016 3:33 am
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 5540

Re: rental income investing

There are some pretty nice explanations of the disanalogies between the leverage used in buying stocks on margins and real estate (RE) leverage in the preceding posts, but I can point out another couple of factors that haven't been mentioned yet. Obviously, the point about margin calls vs. the fixed...
by forevernaive
Thu Feb 04, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of fellowship
Replies: 51
Views: 2966

Re: Taxation of fellowship

A long time ago I held a post-doc research fellowship. It was my first real salary post-grad school. I clearly remember it was not considered income subject to Social Security/Medicare tax. But I did have to pay income tax on it. I had to write SCH next to it on the interest and other income line, a...
by forevernaive
Thu Feb 04, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 3487

Re: 45% of Income On Rent

Reducing your cash flow drain isn't that critical in your situation. You can wait this one out. You might even come across a friend who wants to move in with you. I wouldn't bother moving to the 1 BR unless it was a much better unit than what will likely be available when your lease is up. Every bui...
by forevernaive
Wed Feb 03, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: New to BH; Advisor is suggesting changes
Replies: 30
Views: 4640

Re: New to BH; Advisor is suggesting changes

Since you are thinking of marrying a doctor, it might not be the best idea to roll the 401k to an ira. In the future you might want to do a backdoor roth ira, and that would complicate matters. Unless you wanted to roll it to an ira, then pay taxes on it and roll it over to a roth. +1. Don't roll a...
by forevernaive
Wed Feb 03, 2016 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 14604

Re: Clueless college new grad 22 yo, 200k income looking to start saving

1. Put $18k (the maximum allowed) into the traditional 401(k) offered by your work for 2016. 2. Research "backdoor Roth" and put $5.5k in a Roth for 2015 (before 4/15/16) and $5.5k in for 2016 (thus you will have $11k in a Roth IRA). Invest the 401(k) and Roth in target date funds until y...
by forevernaive
Wed Feb 03, 2016 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 14604

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Emily1980, Tell me how her assets become his if they marry without a prenup. Gill CA is a community property state. Her current assets (inc. the inheritance/gift) at the time of marriage would be considered separate property acquired before marriage at first, but without a pre-nup and/or very caref...
by forevernaive
Wed Feb 03, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 14604

Re: Clueless college new grad 22 yo, 200k income looking to start saving

1. Put $18k (the maximum allowed) into the traditional 401(k) offered by your work for 2016. 2. Research "backdoor Roth" and put $5.5k in a Roth for 2015 (before 4/15/16) and $5.5k in for 2016 (thus you will have $11k in a Roth IRA). Invest the 401(k) and Roth in target date funds until y...

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