Search found 83 matches

by imperio
Tue Sep 19, 2017 8:33 am
Forum: Personal Consumer Issues
Topic: Car recommendation
Replies: 1
Views: 42

Re: Car recommendation

An electric vehicle lease might be the way to go if you have regular access to a charging spot (work or nearby public charger since you mention you street park). Not sure if the Bolt qualifies as a sub compact SUV. You should try to get in before the rebates run out.
by imperio
Mon Sep 18, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 932

Re: Save/invest and buy house with cash - yes/no?

Paying a landlord's mortgage will make it very difficult to save. Many times a home can be bought for not much more than rent payments. A house is not just a place to live, it's an investment in real estate. I pay $1,950/month in rent for a 1Br/1Ba unit in a 4-plex in the San Francisco Bay Area. Ac...
by imperio
Mon Sep 18, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 932

Re: Save/invest and buy house with cash - yes/no?

Just toying with this idea this morning... Has anyone on this board ever done this or considered doing this? Instead of getting a mortgage on a house (first home), continue to rent, save, invest, and accumulate enough cash to pay for a house in cash. Or at least have the option of using 100% cash f...
by imperio
Mon Sep 18, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 932

Save/invest and buy house with cash - yes/no?

Just toying with this idea this morning... Has anyone on this board ever done this or considered doing this? Instead of getting a mortgage on a house (first home), continue to rent, save, invest, and accumulate enough cash to pay for a house in cash. Or at least have the option of using 100% cash fo...
by imperio
Fri Sep 15, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: Honda Customer Care - It Was Worth the Call
Replies: 6
Views: 1286

Re: Honda Customer Care - It Was Worth the Call

I bought the car "certified" used and it came with free oil changes. So I'm at the dealership every ~3K miles! :happy I've had ~20 free oil changes so far...I'm not sure how long this deal will last...perhaps they'll start charging me at 100K miles... Sounds like quite a deal you snagged! :beer
by imperio
Fri Sep 15, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Honda Customer Care - It Was Worth the Call
Replies: 6
Views: 1286

Re: Honda Customer Care - It Was Worth the Call

I had a similar experience with my Subaru Forester. It was just outside the 36K warranty period and the sunroof started to rattle. The dealership quoted me $900 to fix it, so I called Subaru of America. SOA arranged for the dealership to remove the entire sunroof assembly; the issue turned out to b...
by imperio
Tue Sep 12, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Rogue landlord (need advice on how to proceed)
Replies: 1
Views: 508

Rogue landlord (need advice on how to proceed)

A friend who recently moved back overseas after a 2 year work relocation stint in San Jose texted asking if I could call her ex-landlord/property manager to ask for the rent deposit back. He had not been responding to her text messages since she left the country. Her rent deposit refund was due mid ...
by imperio
Thu Sep 07, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Auto body repair: What to do about car insurance?
Replies: 21
Views: 1415

Re: Auto body repair: What to do about car insurance?

To all posters in this thread who are saying keep insurance out of the picture; when do you actually put in a claim then? When your car has been totaled? I imagine there would be 3-4 side swipes for every total write-off incidents. How often do you write off a vehicle? If you expect to get in a cras...
by imperio
Sun Sep 03, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 3867

Re: Does anyone use Driving Shoes?

I drive sans shoes if the journey is more than 5 minutes/couple miles. Anything less I can't be bothered to take them off and put them on at my destination again. I find driving barefooted to be the most comfortable.
by imperio
Sat Sep 02, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?
Replies: 36
Views: 3407

Re: bought a maintenance plan w/car (vw golf alltrack) - good deal or not?

Well if you ever get lazy, like someone mentioned above our local VW dealer usually emails/mails us coupons which bring oil changes down to $50 or $60 all-inclusive. Which I think is ok. At that price, a quick detail (interior and exterior) is included and there aren't any greasy hand marks anywhere...
by imperio
Sat Sep 02, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Would you rather (car wash/detail)
Replies: 31
Views: 2829

Would you rather (car wash/detail)

Would you rather: 1. Pay $25/month for an unlimited subscription to a exterior machine car wash + hand dry (we currently subscribe to this) Considerations - We have a black car and after a year of going through this, we can see swirl marks at certain angles in the light. From far it looks gorgeous ...
by imperio
Sat Aug 26, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: SUV thread (with a twist)
Replies: 44
Views: 4103

Re: SUV thread (with a twist)

If I were you I would take the car seats and stroller to along with me when viewing cars and see how they fit. In your price range, there're a range of cars you could go for. I would say you don't need one that fits both the strollers and 2 suitcases. For road trips, rent. You're going to be using t...
by imperio
Thu Aug 24, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5595

Re: I did it and feel great about it (paid off mortgage)

Simple math tells all of us that it it best to keep a mortgage and invest. The emotional side of that equation tells us (me, at least) that being mortgage free is something that I really needed to experience. Mister Risk-Reward would ask you if you'd take out a mortgage/borrow against your house to...
by imperio
Thu Aug 10, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6588

Re: I pay $6K in rent. Am I an idiot for not buying?

What percentage of your income is going to housing? It may not be a good idea to spend that much -- regardless of whether it is rent or mortgage -- if it is interfering with your ability to save or otherwise live comfortably. On the other hand, it may not be a problem if you are saving and comforta...
by imperio
Tue Aug 08, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Love your family car? Under $16,000 Used? Please share!
Replies: 39
Views: 4437

Re: Love your family car? Under $16,000 Used? Please share!

Hello all, We are moving to Monterey, CA from abroad and will need to buy a car. Neither of us have ever spent more than $4,000 on a car so this is pretty intimidating. We don't know anything about the process. I've read up on here about tracking down dealers and then having them bid against each o...
by imperio
Tue Aug 08, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9366

Re: When does renting make sense

You will spend more on your housing expense when you buy a house. KlangFool [Citation needed] Here's one.... ...Housing expenditures remained markedly different for homeowners and renters. Homeowners continued to spend a larger sum of money on housing than renters did; however, renters spent a larg...
by imperio
Tue Aug 08, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Questions about the "Cash Flow" feature
Replies: 23
Views: 1922

Re: Personal Capital - Questions about the "Cash Flow" feature

OP, as long as it makes sense to you, let it be. It does not have to be in accordance with GAAP.

Also, you can create your own categories I believe; i.e. you don't have to choose between "Healthcare/medical" or "insurance" - you can create a new category called Health Insurance.

Hope that helps.
by imperio
Mon Aug 07, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Please re-assess our financial situation (3 months later)
Replies: 4
Views: 883

Re: Please re-assess our financial situation (3 months later)

My only comment is that a Target fund in a taxable account is not your best choice in your tax bracket. It's not a bid deal now, since it contains only 10% bonds, but it will be a bigger deal later. When later arrives, you may have enough capital gains that you don't want to sell because of taxes. ...
by imperio
Fri Aug 04, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Any website to get paid carpooling?
Replies: 12
Views: 1014

Re: Any website to get paid carpooling?

Any website to get paid carpooling? I am traveling about 30 minutes to work by freeway in the bay area and I am wondering if I can actually earn money driving this distance by driving other people or doing something else? Yes you can get paid Commute with Scoop! Use my Scoop referral code to get $2...
by imperio
Thu Aug 03, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Please re-assess our financial situation (3 months later)
Replies: 4
Views: 883

Re: Please re-assess our financial situation (3 months later)

Thanks for the response! Current retirement assets [/b] His Taxable Non-emergency Savings (Northpointe 5% rate) - $10,000 Why so much non-emergency cash? I'm ok with a guaranteed 5% return. Her Taxable Non-emergency Savings (Discover 1.15%) - $25,000 Why so much non-emergency cash? I ask the same qu...
by imperio
Thu Aug 03, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Please re-assess our financial situation (3 months later)
Replies: 4
Views: 883

Please re-assess our financial situation (3 months later)

Hi everyone, Opening up my books for advice/suggestions after tweaks were made based on responses to my May thread. Beginning this month, my 401K contributions go 100% to VBTLX. This week I'll receive $11K of RSUs (my first cliff vest) and plan to sell that; buy $3000 of Vanguard Total Bond fund (mi...
by imperio
Sun Jul 02, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3020

Re: Lease New Car?

Using a very simple example - if I have $30,000 cash today, should I be buying a $30,000 car and selling after 3 years or leasing for 3 years? Buy method Pay $30,000 up front. Drive for 3 years Sell for $15,000. Depreciation cost = $15,000 Lease method Pay $0 up front. Put $30,000 in Ally Savings ac...
by imperio
Sun Jul 02, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3020

Re: Lease New Car?

Decided to start a new thread of leasing.... So I have never leased prior and am now considering a lease. I have a 2015 Subaru Outback Limited w/ 29k miles and it cost $36k. I owe $26k and my payment to pay off in 3 years would be about $750. My math is as follows. 1) Lease a car for $300 a month w...
by imperio
Sun Jul 02, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 3020

Re: Lease New Car?

Never liked leasing, always wanted to own. However, since 1995, I've been leasing and love it. -new car every 3 years, state of the art -fun changing models -no repairs, little maintenance -frees up cash -not owning a depreciating asset -I feel safer -etc It's kind of like renting v owning a house....
by imperio
Sat Jul 01, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Car leasing similar to buying an option
Replies: 12
Views: 1277

Re: Car leasing similar to buying an option

The biggest risk to losing extra money on a purchase is excess depreciation, not excess wear. My Camry is due from lease in three months and $3k under water. Toyota Financial will eat the loss, not me. I am under miles with no excess wear. I am economically $3k better off by leasing instead of purc...
by imperio
Sat Jul 01, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3307

Re: Engagement Ring Insurance

2. If we made a claim on the ring, it would not affect our auto/renter's policy premiums since it's a separate policy with a different company.. I don't think this is true. Most (all?) insurance companies report claims to agencies like CLUE, iiX, and A-Plus Property Reports. Then insurance companie...
by imperio
Sat Jul 01, 2017 12:59 am
Forum: Personal Consumer Issues
Topic: Wrecked Vehicles and Whether or Not to Keep Them
Replies: 34
Views: 2171

Re: Wrecked Vehicles and Whether or Not to Keep Them

OP - you need to loosen up and live a little. What's the point in making the "smart" decision if you're going to be miserable driving what you deem an old and not so nice car (I assume this isn't what you see it as from your McDonald's worker comment)? You know there is a name for the person who die...
by imperio
Sat Jul 01, 2017 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3307

Re: Engagement Ring Insurance

First, I want to applaud you for purchasing a reasonably cost ring. My ring is in that price range and when my Husband mentioned insurance, in boglehead fashion I asked him what it cost and said "we don't need insurance!" At first I think he felt bad that the ring was "cheap" and I told him HECK NO...
by imperio
Fri Jun 30, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3307

Re: Engagement Ring Insurance

Hello Bogleheads, I am seeking for advice/suggestions as to how to best proceed in regards to insuring my fiancee's ring. I have a homeowner's policy with State Farm. I called and they said they could insure the ring for $60 a year. I also looked at Jewelers Mutual Insurance Company. They quote me ...
by imperio
Fri Jun 30, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Car leasing similar to buying an option
Replies: 12
Views: 1277

Car leasing similar to buying an option

Say you were in the market for a new car - does a lease and buyout strategy make sense as opposed to buying outright? I'm going to exclude taxes, fees, interest rates, financing costs etc. for simplicity in my example below. Doesn't matter what length of ownership you're looking at, but it has to be...
by imperio
Fri Jun 23, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 5093

Re: What do you say when you cancel an account that you only opened for bonus?

workingovertime wrote:Just curious to know what you all say on the phone when you cancel the account after this?


I say thank you very much, and have a nice day.
by imperio
Fri Jun 23, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 5459

Re: What is your car's average cost ownership?

Exactly. I think you're also engaging in wishful thinking. OP did include the cost of tires for some reason but left our other consumables. The actual cost of a car is roughly double the purchase price. There's even a website dedicated for this: m No, it's not wishful thinking, it is trying to answ...
by imperio
Thu Jun 22, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 5459

Re: What is your car's average cost ownership?

We had a thread on the topic of car costs earlier this year: The Sweet Spot for Yearly Car Costs Since then, I have carefully complied all of my data to try to get the most accurate picture of what I spend on cars. It was eye-opening for me. As you can see from my raw data, I am not very savvy in m...
by imperio
Thu Jun 22, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 5459

Re: What is your car's average cost ownership?

Thank you all for your response. It seems like I'm spending more than the average amount spent by bogleheads. It's good to know where my number stands among others. I'm seeing some posters keep track of other costs but your situation might be different than others. For example, there might be a vas...
by imperio
Sun Jun 18, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Child Gift/Investment question
Replies: 2
Views: 260

Re: Child Gift/Investment question

Since it was a gift, I don't think you should do anything to it. What if the gift had been say, $30,000 per child to buy them a car upon graduation and he wanted it put in a savings account till they graduated? Or if it had been a Rolex watch to gift upon graduation. Would you sell it and invest the...
by imperio
Fri Jun 16, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

By the way if I contribute 4% and employer contributes 2%, for this example say that works out to $4,000 and $2,000, does this mean I have used up $6,000 of my $18,000 contribution limit or have I only used up $4,000 i.e. can contribute another $14,000? The employer match is not part of the $18K em...
by imperio
Fri Jun 16, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

And you're saying I can contribute $5,500 if I qualify then at one go? Yes. If your modified AGI does fall under the limit (which I think is $186,000 but check that), you can each contribute $5,500 to Roth IRA before April 15 next year (or whatever tax day is if the 15th falls on a weekend or holid...
by imperio
Fri Jun 16, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

I had another question before I forget - I see that it is commonly advocated on here to max out 401K, then max out Roth, before putting money in taxable accounts? I would imagine it's better to max out a Roth before a 401K because your earnings in Roth grow tax-free, right?
by imperio
Thu Jun 15, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

It is not your gross income that determines if you can or cannot contribute directly to Roth iRA. It is your modified AGI (aggregated gross income) that determines if you can or cannot contribute directly to Roth IRA. So you could, at least in theory, have a gross income over $200k but with large c...
by imperio
Thu Jun 15, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

Combined income is around the $200K mark give or take, so we can't contribute the full $5,500 to Roth and would rather not do the guesswork around how much we are eligible to contribute. Don't want the hassle of putting $5,000 in and come tax filing season realize we can only put in $4,860 and have...
by imperio
Thu Jun 15, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

Mind if I clarify my understanding on the below as well: Traditional IRA: max contribution per year is $5,500 (you can lower your taxable income by $5,500, however if you are converting these into a Roth account you don't want to do that) If you qualify for the deductible IRA, but you don't want th...
by imperio
Thu Jun 15, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

If you qualify for deductibility (but don't need it) you don't need a backdoor Roth IRA You just need a Roth IRA. Combined income is around the $200K mark give or take, so we can't contribute the full $5,500 to Roth and would rather not do the guesswork around how much we are eligible to contribute...
by imperio
Thu Jun 15, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

Mind if I clarify my understanding on the below as well: Traditional IRA: max contribution per year is $5,500 (you can lower your taxable income by $5,500, however if you are converting these into a Roth account you don't want to do that) 401K: max contribution per year is $18,000 (if deducted from ...
by imperio
Thu Jun 15, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

Yes, your understanding is essentially correct (no need to buy funds, just leave the money in your settlement account). I'm also puzzled as to what's stopping the average boglehead from doing a backdoor Roth and letting that investment compound tax-free instead of putting money in taxable accounts?...
by imperio
Thu Jun 15, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

You should know that this is not a good option for a person who has another IRA (that isn't Roth) - anything called rollover IRA, SEP IRA, SIMPLE IRA, or traditional IRA. I think the fact that you didn't understand the $5,500 limit on each year's contribution indicates you don't yet have a good und...
by imperio
Thu Jun 15, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

You essentially have it correct. Some comments for you below in RED, in part for others who come across this thread who may have questions about the process. I'm currently researching backdoor Roths and what I understand so far on how this works is: 1. Open a Traditional IRA account. 2. Open a Roth...
by imperio
Thu Jun 15, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Re: Walk me through a backdoor Roth?

Yes, your understanding is essentially correct (no need to buy funds, just leave the money in your settlement account). I'm also puzzled as to what's stopping the average boglehead from doing a backdoor Roth and letting that investment compound tax-free instead of putting money in taxable accounts?...
by imperio
Wed Jun 14, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 2368

Walk me through a backdoor Roth?

I'm currently researching backdoor Roths and what I understand so far on how this works is: 1. Open a Traditional IRA account. 2. Open a Roth IRA Account. 3. Transfer post-tax money (i.e. savings from my net take home salary) into the Traditional IRA account. 4. Immediately sell the funds I purchase...
by imperio
Wed Jun 14, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 4007

Re: Would you take a 25% pay cut for more professional satisfaction?

I've never taken a pay cut, but just over 2 years ago I was mulling over offers from direct competitors, the two largest companies in a specific field. One offer was for nearly 40% more, but I took the lower offer. The main consideration was that the higher-paying offer would require me to travel q...
by imperio
Thu Jun 08, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Getting married oversesas -> can I file as single in US?
Replies: 5
Views: 592

Getting married oversesas -> can I file as single in US?

I was reading through this thread - https://www.bogleheads.org/forum/viewtopic.php?f=2&t=220484 - and saw this post Another option is to have a religious wedding ceremony but never file the state marriage license. The ceremony may fulfill your cultural and family beliefs. As long as you have not...