Search found 9750 matches

by letsgobobby
Mon Feb 20, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 106
Views: 3916

Re: 20% bonds: why bother at 48?

yes, you are too aggressive unless you can live on half your current income AND a portfolio that falls in half and doesn't recover for many years. Could you explain that one? I get that Klangfool is a financial-prepper, but this statement is beyond me. Unless you're gearing up to make early withdra...
by letsgobobby
Mon Feb 20, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 106
Views: 3916

Re: 20% bonds: why bother at 48?

Interesting point @cherijoh but by that logic, shouldn't I be in an 'in-retirement' allocation now, since I never know when I'll be retired? Your points are a good argument that why a 3 month emergency fund isn't enough. -Mike yes, you are too aggressive unless you can live on half your current inc...
by letsgobobby
Mon Feb 20, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

Not quite enough information provided to give an exact recommendation. Some considerations: Negatives: *$1.5k/mo on a $250k property is not very attractive (middle-low for SFH) *Most RE markets are richly valued and might be good time to get out *Requiring a manager Positives: *On-cash returns are ...
by letsgobobby
Mon Feb 20, 2017 12:46 am
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

Everything I've ever read suggests a monthly rent of 0.5-1% of the current value is a good/typical real estate investment, my hypothetical is 0.8%. You must have unusual metrics to 'instant pass' something so solidly in the middle of all the recommendations I have seen - but I am definitely not an ...
by letsgobobby
Sun Feb 19, 2017 7:51 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

Of course having a mortgage would decrease your net rental income, but it would also add principal reductions to your total annual return. So it changes the picture dramatically. Interest reduces returns - check But how does principal reduction improve them? Am I not just moving money from one very...
by letsgobobby
Sun Feb 19, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

Of course having a mortgage would decrease your net rental income, but it would also add principal reductions to your total annual return. So it changes the picture dramatically. Interest reduces returns - check But how does principal reduction improve them? Am I not just moving money from one very...
by letsgobobby
Sun Feb 19, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Moving assets to taxable accounts for inheritance
Replies: 8
Views: 913

Re: Moving assets to taxable accounts for inheritance

What about doing Roth conversions after they have satisfied their RMD? Same tax cost as withdrawal but keeps the money in Roth tax advantaged accounts. The money that they have to withdraw to satisfy RMD can be invested in taxable accounts if not needed to meet expenses. The taxes on the excess / c...
by letsgobobby
Sun Feb 19, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

While there are very real considerations and obligations to being a landlord, I am surprised that posters are sniffing at a 4-5% return when there is also lots of talk about a realistic SWR in the future being 3% or that 4% is overly optimistic. I would keep it until I found something that was bett...
by letsgobobby
Sun Feb 19, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

This isn't a great rental property. After your basic fixed expenses (tax, ins and mgmt) you are only making $10,000 a year of the $250K asset for a total ROI of 4.0%. That's not great for a rental property; you should be making well above that to make the hassles and lack of liquidity worth it. Oth...
by letsgobobby
Sun Feb 19, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

This isn't a great rental property. After your basic fixed expenses (tax, ins and mgmt) you are only making $10,000 a year of the $250K asset for a total ROI of 4.0%. That's not great for a rental property; you should be making well above that to make the hassles and lack of liquidity worth it. Oth...
by letsgobobby
Sun Feb 19, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

Re: economics of landlording

I would calculate the return based on net after-tax income divided by the value you would actually receive from a sale. We don't know your basis, when it was bought for what, etc. Should you keep it? It can be a great inflation hedge as long as you think your local market would keep pace with infla...
by letsgobobby
Sun Feb 19, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 41
Views: 3012

economics of landlording

I own a single family rental that is valued at $250k and I collect $1500 in rent, is this a good long term investment? By long term I mean as long as the assumptions don't change. Assumptions: no mortgage $4000 per year in taxes and insurance $2500 per year in repairs and maintenance It seems to me ...
by letsgobobby
Fri Feb 17, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4815

Re: Tesla Model 3 or Chevy Bolt?

I knew Tesla reliability hadn't been great, but I hadn't realized it was quite so bad. Thanks for that info. If it doesn't improve, no way I will buy a 3. The model S reliability is creeping towards average. The Model X has been a disaster. The 3 probably will not have anywhere the amount of stupid...
by letsgobobby
Fri Feb 17, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4815

Re: Tesla Model 3 or Chevy Bolt?

I knew Tesla reliability hadn't been great, but I hadn't realized it was quite so bad. Thanks for that info. If it doesn't improve, no way I will buy a 3.
by letsgobobby
Thu Feb 16, 2017 1:49 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4815

Re: Tesla Model 3 or Chevy Bolt?

The Bolt is getting very positive reviews and will have 2+ years head start over the Model 3 not to mention the time to work thru the pre-orders. Imagine the kinks that can be worked out in 2 years (maybe even nearing time for a refresh). Should get federal tax credits on the Bolt whereas for most ...
by letsgobobby
Thu Feb 16, 2017 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1581

Re: Physician contract restrictive covenant

my employer has a 2 year, 45 mile no compete and they never negotiate. that extends into another state. hard to say how enforceable it is but they have definitely threatened to try.
by letsgobobby
Wed Feb 15, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 54
Views: 5305

Re: Stock Market Fears

I don't mind missing a market upturn. I worry more about a loss at this point. I think lowering our stock allocation might help me sleep better at night for now. I can always increase it later if need be. this is a great idea. if you post in the suggested format you will get more specific advice, b...
by letsgobobby
Wed Feb 15, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4815

Re: Tesla Model 3 or Chevy Bolt?

I'm going with Tesla. My problem with the Bolt is my perception of Chevy's reliability (or lack thereof). The Volt hasn't had a great track record. And you think Telsa has a great track record? What are you perceptions of Tesla's reliability? I'm surprised you feel Tesla's current lineup is more re...
by letsgobobby
Wed Feb 15, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 80
Views: 4815

Re: Tesla Model 3 or Chevy Bolt?

I'm going with Tesla. I am on the wait list for the 3, hopefully high enough up that I will get the federal tax credit.

My problem with the Bolt is my perception of Chevy's reliability (or lack thereof). The Volt hasn't had a great track record.
by letsgobobby
Wed Feb 15, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3720

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Again, I'll repeat, Kitces and Pfau's conclusion is NOT justified by the data. Nor IMO is it justified in almost all cases by behavior, as we age we become less tolerant of risk, less able to stand the stress. Now there might be some investors who could handle that and if they are investing for the...
by letsgobobby
Wed Feb 15, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

How can people who go out to eat once per year really have an informed opinion about eating out? There are 7000 restaurants in my city alone, and probably 10,000 have been open over the last five years. Going out to eat five times in five years by definition can't be representative of the 'dining o...
by letsgobobby
Wed Feb 15, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 8762

Re: -$280k Net Worth Has Me Up At Night

Evening BH’s, Below is a complete snapshot of our financials and a brief explanation of what’s going on– while my wife is going through school to become a nurse we currently save 26% of post-tax income. We recognize needs vs wants and do not sacrifice our savings rate. My concern is our negative ne...
by letsgobobby
Wed Feb 15, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 3720

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Again, I'll repeat, Kitces and Pfau's conclusion is NOT justified by the data. Nor IMO is it justified in almost all cases by behavior, as we age we become less tolerant of risk, less able to stand the stress. Now there might be some investors who could handle that and if they are investing for the...
by letsgobobby
Tue Feb 14, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

How can people who go out to eat once per year really have an informed opinion about eating out? There are 7000 restaurants in my city alone, and probably 10,000 have been open over the last five years. Going out to eat five times in five years by definition can't be representative of the 'dining ou...
by letsgobobby
Sun Feb 12, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Travel Tips: Grand Canyon and South or Central America
Replies: 9
Views: 515

Re: Travel Tips: Grand Canyon and South or Central America

DH and I are planning to visit Grand Canyon in late April-- is it better to go from Phoenix or Vegas? Your lodging, sites, restaurant and other recommendations are appreciated. Also, thinking of taking a trip to South or Central America later in the year. Which place do you recommend and why? We lo...
by letsgobobby
Sun Feb 12, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 101
Views: 8297

Re: How Much Cash Do You Actually Hold?

we keep 3-4 mo of living expenses in true cash (checking accounts). then our fixed income allocation includes EE and I bonds, TBM and stable value, intermediate munis.
by letsgobobby
Sun Feb 12, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Which 25X is it? [Planning for retirement]
Replies: 51
Views: 3020

Re: Which 25X is it?

10YearPlan wrote: I have been using 25x expenses (B). But in my case, pensions are not part of the equation, and we'd count social security as gravy/buffer.

agree.
by letsgobobby
Sat Feb 11, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

Maybe I got this wrong. When I go to a restaurant, I usually order expensive stuffs, such as steaks or lobsters or other fish items, almost never pork or chicken, as I think those are cheap and not worth a trip to restaurants. In my mind, I do not consider McDonalds or Chipotle as "restaurants...
by letsgobobby
Sat Feb 11, 2017 10:55 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 210553

Re: What are you up YTD? [Year To Date]

My results for 2016: Overall portfolio IRR +6.7% (AA 70-30, EU investor, age 37) I see people congratulating themselves on a good year 2016, I hope they're all in retirement. Personally at this stage of my life I only see prices going up and am thinking "this is expensive, I hope this goes dow...
by letsgobobby
Sat Feb 11, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

Eat out is very expensive and waste of time $11 for a bowl of ramen noodles at our local Japanese restaurants and usually 30 minutes wait. Some ramen noodles restaurants in California charge $20 for a bowl and 1 hour wait. tell me about the ramen you make at home and how it compares. twenty five ce...
by letsgobobby
Fri Feb 10, 2017 10:52 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

After reading all the replies so far, I can say that I am still not convinced that I should go to eat at restaurants more often. By the way, the restaurant that we usually go when we want to is Red Lobster restaurant. oh dear, no wonder you don't go out to eat more often. My family has a rule: no r...
by letsgobobby
Fri Feb 10, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 197
Views: 12538

Re: Why do you go to restaurants?

You may just not be a person who will ever enjoy going out to eat, which is fine. Not everyone has to like and enjoy the same things. You might as well post, why do people watch the Superbowl? Or why do people go to the movies? Or why do people travel? Or why do people play video games? +1. Not rea...
by letsgobobby
Thu Feb 09, 2017 4:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 245
Views: 8219

Re: Your USER NAME...what does it mean?

nickname playing craps
by letsgobobby
Thu Feb 09, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life estate at death
Replies: 20
Views: 1612

Re: Life estate at death

can you define a 'life estate' for a layperson?
by letsgobobby
Thu Feb 09, 2017 2:14 am
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 8616

Re: Saved too much? What do you splurge on?

One suggestion would be to hire a personal trainer and nutritionist to help you stay in the best shape possible. I like this idea. Especially someone trained in geriatric nutrition, physical training, recovery, healing, etc. Having a really dynamic but safe workout specifically designed for you wou...
by letsgobobby
Wed Feb 08, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2271

Re: Is it better to get a mortgage from a local/small lender?

In the decent-to-nicer areas, market-priced houses are scheduled to review and pick the best offer in 1 week or less on the market. This was true even over the holidays in Nov/Dec 2016. JP Your biggest problem is going to be the appraisal. In your market, appraisers can get way behind, so even if t...
by letsgobobby
Wed Feb 08, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2271

Re: Is it better to get a mortgage from a local/small lender?

You should go with the lender offering you the best rate, whether it's a local one or not. Most banks re-sell mortgages on the secondary mortgage market anyway. So it's likely that regardless of which bank you use, you'll one day receive a letter informing you that a different bank now owns your ho...
by letsgobobby
Tue Feb 07, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 61911

Re: Do you think Ric Edelman is correct, never pay down mortgage

for the average American his advice is bad because the average American will spend the extra money on doughnuts and eating at Starbucks. but for sophisticated and disciplined investors his approach is likely to lead to greater wealth accumulation in the long run.
by letsgobobby
Sun Feb 05, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 4548

Re: Do you account for likely life expectancy in retirement?

Any life expectancy projections will become more precise as you get older. Thus at age 40 you might use the generic 'age 95'. By 60 you may know how old your parents were when they died and have a sense of your own health. By 70 mortality is flat staring you in the face. At age 40 I was completely h...
by letsgobobby
Sun Feb 05, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon in May. Booked already!
Replies: 29
Views: 2742

Re: Grand Canyon in May. Booked already!

And that worry about not being healthy enough? This September I solo hiked the entire JMT at age 55. I hope I turn out to be one of "oldsters" who hikes well into her 80s! 8-) That is great! I hiked Yosemite Valley to Lake Vermillion in my 20s but had to quit there because of a bum Achill...
by letsgobobby
Sun Feb 05, 2017 12:57 am
Forum: Personal Consumer Issues
Topic: Grand Canyon in May. Booked already!
Replies: 29
Views: 2742

Re: Grand Canyon in May. Booked already!

And that worry about not being healthy enough? This September I solo hiked the entire JMT at age 55. I hope I turn out to be one of "oldsters" who hikes well into her 80s! 8-) That is great! I hiked Yosemite Valley to Lake Vermillion in my 20s but had to quit there because of a bum Achill...
by letsgobobby
Fri Feb 03, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Andrews 3% CD or Total Bond Market?
Replies: 27
Views: 4489

Re: Andrews 3% CD or Total Bond Market?

OP, If there were a way to get the 3% CD into my 403b to replace my 1.5% stable value fund, I'd do it in heartbeat. Unfortunately, that is not the case, and there is really no simple way to rejigger my portfolio to accommodate these products. Complexity has to count for something and picking up this...
by letsgobobby
Thu Feb 02, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon in May. Booked already!
Replies: 29
Views: 2742

Re: Grand Canyon in May. Booked already!

I think late May is a bad time to visit the South Rim. It's crowded (as you've already discovered) and too warm, especially if you hike into the canyon at all. At the river it will probably be near 100 degrees. We usually go to the South Rim in early March. Sedona is a cool area. Flagstaff is a nice...
by letsgobobby
Thu Feb 02, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Grand Canyon in May. Booked already!
Replies: 29
Views: 2742

Re: Grand Canyon in May. Booked already!

you have 7-10 nights but only one on the south rim. where are you going the rest of the time? how do you plan to go to the grand Canyon if you can't get a night of lodging?
by letsgobobby
Wed Feb 01, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Deduction SEEMS Too good to be true - What am I MISSING!?
Replies: 37
Views: 4303

Re: Mortgage Deduction SEEMS Too good to be true - What am I MISSING!?

$44,300 in deductions versus the $6,300 standard deduction seems like a large savings. Even at a 25% tax rate that’s saving $11,075 versus $1,500 with the standard deduction... What am I missing here? You are missing that you spent $28,800 that you didn't spend last year. The mortgage is such that ...
by letsgobobby
Tue Jan 31, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Building Forever House - Can we afford it? Should We?
Replies: 20
Views: 1848

Re: Building Forever House - Can we afford it? Should We?

A $600K house in a LCOL sounds like it is overbuilding for the area with the strong possibility of a loss when you eventually sell. I'm assuming the price doesn't include a lot of farm land or acreage. What are the normal comparably priced homes in that neighborhood priced at? It's okay for someone...
by letsgobobby
Mon Jan 30, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund options
Replies: 23
Views: 1432

Re: Doner Advised Fund options

dm200 wrote:Years ago, we chose Fidelity. We have been very, very happy with Fidelity over more than ten years. No regrets at all.

ditto here
by letsgobobby
Sun Jan 29, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Drivers License May not be good for air travel?
Replies: 47
Views: 4299

Re: Drivers License May not be good for air travel?

My state (WA) offers enhanced DL which will meet the criteria for air travel even in 2018. It cost us about $20 to get and was faster and easier than getting a new passport. That's an option for residents of the five or so states that offer them. Bonus is that the enhanced DL is good for ground (but...
by letsgobobby
Sun Jan 29, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Best Places to Live in US?
Replies: 123
Views: 11215

Re: Best Places to Live in US?

I lived in New Hampshire. There are only 3 seasons; maybe a 2 week period in August where it's almost summer. :) There's an old joke about Seattle: "I remember the summer of Seattle, 1987. It was a beautiful weekend!". Several years ago, I was thinking of relocating in retirement to a sta...
by letsgobobby
Sun Jan 29, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client presentation; your thoughts?
Replies: 23
Views: 3107

Re: Chase Private Client presentation; your thoughts?

I like the benefits of CPC and get them inexpensively. The benefits include free ATM withdrawals at non-Chase ATMs. Handy. We also get a couple membership cards for "Arts and Culture" which give free or discounted admission to many good museums. Finally, I just like being part of a huge n...

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