Search found 126 matches

by metrunt
Wed May 31, 2017 2:47 am
Forum: Personal Consumer Issues
Topic: Using LastPass to Manage Passwords
Replies: 38
Views: 3216

Re: Using LastPass to Manage Passwords

1. What if LastPass hosting goes down or is taken offline? Would I be unable to log into any of my accounts? Even if temporary, this is disconcerting. 2. On the wiki entry, there are documented incidents of data breaches. A centralized password management cloud service seems like it would have a pr...
by metrunt
Wed May 24, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Max a 529?
Replies: 8
Views: 916

Re: Max a 529?

Constant Chaos wrote:To be clear, unlike an IRA, you can not solely withdraw principal or gain from a 529. Each withdrawal is made up, pro rata, of each.



I did not realize that. That does invalidate my 'brillant' plan.

Thanks!
M
by metrunt
Wed May 24, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Max a 529?
Replies: 8
Views: 916

Max a 529?

I'd like to provide money for my child's college education. She's 5 now. I don't know if I want to fund it all, I'd like her to contribute some and not take out substantial loans. In addition to maxing retirement accounts, maintaining an emergency fund, no debt, etc, I've got $120K in taxable accoun...
by metrunt
Tue May 23, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2402

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

kwarden13 wrote:On the other hand, I already paid $10k into the car...


I'm not sure if you should keep the car or not, but I do want to point out that what you've already paid into the car should not be a factor in your decision. It's a pretty common error, but the past is the past and those costs have sunk.
by metrunt
Tue May 23, 2017 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Question for Sole Proprietors / Small (Micro) Business Owners
Replies: 6
Views: 561

Re: Question for Sole Proprietors / Small (Micro) Business Owners

Well...a lot of those topics aren't "personal finance" ones unless all business-related topics are. A sales workflow was the hardest for me. I have basically always operated without an accountant. I have a bookkeeper now, but in the beginning I did all the books and taxes and learned a ton...
by metrunt
Tue May 23, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Yet Another Real Estate vs Stock Market Thread
Replies: 44
Views: 3841

Re: Yet Another Real Estate vs Stock Market Thread

Imagine a 4 unit property in California. Each unit renting for $1750. What a deal! Also, property taxes are generally a tad more than 1% in California. Though this varies slightly by city. I don't know if this is your actual situation, but there are others that work well...An 8-plex in someplace li...
by metrunt
Mon May 22, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Real Estate vs Stock Market Thread
Replies: 44
Views: 3841

Re: Yet Another Real Estate vs Stock Market Thread

As others have said, you're neglecting appreciation.

Also, why are you paying taxes before you're deducted your expenses? Looks like you're underestimating profit there by $8K or so.
by metrunt
Mon May 22, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2402

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%. What...
by metrunt
Tue May 16, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1564

Re: Selling rental condo - capital gains even though selling at same price??

If cap gains was only based on the value of the service date, then a you could buy a property for 200K, live in it for 30 years as it appreciates to 1M, convert it, and sell a year later at 1.05M, paying gains on 50K instead of 850K! There is a reason you cannot do it (or at least that's my underst...
by metrunt
Tue May 16, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1564

Re: Selling rental condo - capital gains even though selling at same price??

If cap gains was only based on the value of the service date, then a you could buy a property for 200K, live in it for 30 years as it appreciates to 1M, convert it, and sell a year later at 1.05M, paying gains on 50K instead of 850K!
by metrunt
Mon May 01, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do with my money
Replies: 15
Views: 3050

Re: What should I do with my money

So, on the house, you made 33K. You will likely owe only $5K in taxes or so (depends on your tax bracket, but as a mom with 2 dependents and $60K in wages, the ballpark is $5K). Remember an extension to file is *not* an extension to pay taxes due. With an additional liability of only $5K, you might ...
by metrunt
Mon May 01, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do with my money
Replies: 15
Views: 3050

Re: What should I do with my money

So, the sale was for 188K gross or that was your profit? You only pay taxes on the profit of a sale. $55K seems high on a $188K profit, though not impossible for a short-term flip. Your mortgage rate seems great and you shouldn't refinance. As far as your truck.... Pay off the loan. Then sell it and...
by metrunt
Mon May 01, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do with my money
Replies: 15
Views: 3050

Re: What should I do with my money

Don't get rid of the truck loan. Get rid of the truck and buy a servicable car for $6K. Deferment doesn't mean you're not losing money on the interest. It just means you're not paying the loan off. It's not a good thing to be in debt. Pay the student loan as aggressively as possible. It's too late t...
by metrunt
Mon May 01, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Side gig, 1099 strategy
Replies: 15
Views: 1305

Re: Side gig, 1099 strategy

It sounds like you're trying to maximize the money you take home here, including future SS earnings. Two things come to mind: -How long have you two been married? How old are each of you? What are each of your projected SS credits? -What retirement accounts do you and your wife have access to? If yo...
by metrunt
Sat Apr 22, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Easy explanation for survivorship bias
Replies: 1
Views: 470

Re: Easy explanation for survivorship bias

What's this 'we' stuff?
by metrunt
Mon Apr 10, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Help me decide what to do with my cars
Replies: 34
Views: 1761

Re: Help me decide what to do with my cars

I am serious, but I'm coming from a little different perspective. I mentioned briefly in my OP that I take call for work and have to be immediately available if needed. It would not be good if the car does not start or I get stranded trying to get to work at 3am. I know these cars last forever (my ...
by metrunt
Thu Mar 09, 2017 5:43 pm
Forum: Forum Issues and Administration
Topic: What would happen if a hacker got a full database dump of the site?
Replies: 29
Views: 3114

Re: What would happen if a hacker got a full database dump of the site?

What would happen? The hacker would take his ill-gotten gains and put it in a low cost index fund! Seriously though...all the information I can see on this site a 'hacker' can see and collect. Legally and ethically. I put the chance of something nefarious happening as a result of "bogleheads.or...
by metrunt
Tue Mar 07, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 8216

Re: How much do you spend on food in a year?

Quickfoot wrote:We are a family of five (two adults and 9, 10 and 13 year old children) and have a $500 a month food budget, we use a little less than that most months.


Can you share your tips? I've got a family of 5 (my kids are about 3-4 years younger than yours) and I can't get under $1,000.

Thanks!
by metrunt
Mon Mar 06, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 8216

Re: How much do you spend on food in a year?

I love the range of responses! Absolutely no judgement, it's just fascinating...This thread so far has a low end of -Family of 7. 6600 on groceries, 1500 on eating out. And a high end of -2 people Eating out budget is $40,000 per year and purchased food/liquor about $20,000. Us? Family of 5 (2 adult...
by metrunt
Mon Feb 06, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

Depends on where you're going. In some urban travel destinations I am fine with 3 or 4 star. For some destinations a 5 star hotel makes a world of difference. For example, in Thailand a 3 star hotel is normally a room in a tower near a beach somewhere. Nice, but not different from Florida or someth...
by metrunt
Fri Jan 20, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

But posts have no value or they can easily be misleading without any type of explanation when they contain much more than face value. Without any further explanation how does one understand the costs and budgeting behind the initial post? I posted just my 'number' just like everyone else, yet you c...
by metrunt
Fri Jan 20, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

I assume you have a "base" budget for electric/water/utilities at your house. Since those are reduced when you are on vacation, do you apply this "everyday spending" as a credit to your vacation lodging, like you do for food & entertainment? Do you also subtract the gas you ...
by metrunt
Fri Jan 20, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

- My wife and I went to Canada for a couple of weeks a while back. ... We were able to purchase 6 epipens and antibiotics which were in our budget saving over $2,400. Can you buy oral antibiotics and EpiPens in Canada without a prescription? Or does a US prescription work in Canada? Is it different...
by metrunt
Thu Jan 19, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

smitcat & researcher,

If you think this thread actually a straight comparison of vacation budgets rather than a way to collectively explore our views of money and value as it relates to the concept of "vacations", then we disagree about something else as well.
by metrunt
Thu Jan 19, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

Miles / CC perks / Hotel credits all have a value that you can use as money. In most cases they cost you something to begin with and you have a choice where to spend the credits. If we 'trade' a pile of these we still know that the cost is without the perk. When we figure the true costs of a vacati...
by metrunt
Thu Jan 19, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

I spent a week this past summer with my brother-in-law and his family on a road trip with my family. There were 10 of us. We had plenty of meals that were in the $40 range for all of us. ... We did a lot of getting stuff at a grocery store and using the motel grill out on the patio in the evenings....
by metrunt
Thu Jan 19, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

On another note, I'm intrigued by the house/condo you mentioned in a "gated community with beach access and pool" for only $75/night, including all taxes/fees. That seems like quite a deal. Would you mind posting a link to this place, or one similar? Well...I don't want to give the exact ...
by metrunt
Thu Jan 19, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

There are some interesting replies...seeming to disagree with my budgeting methods. I'm curious now how other people in this thread came up with their budget. The past few posters believe everyone is on the same page. How do you know that? And this is a budge t, right? How much money you spend on so...
by metrunt
Wed Jan 18, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

2 adults, 3 children. 2 x 1 week driving trips. 1 x 3 week trip by air with rental car. $4,500 budget. 5% of gross income. I've included the rough expenses below...I do a lot of credit card/ mileage games with Southwest so my wife and I each have a Companion Pass, plus enough miles each year to fly...
by metrunt
Sun Jan 15, 2017 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 2263

Re: Help with taxes

Deductible IRA is one possibility.

How do you pay for your health insurance? You may be able to deductible your premiums from you 1099 income.
by metrunt
Thu Jan 12, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 26204

Re: Annual Vacation Budget

2 adults, 3 children. 2 x 1 week driving trips. 1 x 3 week trip by air with rental car.

$4,500 budget. 5% of gross income.
by metrunt
Thu Jan 12, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: reduce taxes on house sale
Replies: 4
Views: 833

Re: reduce taxes on house sale

Thanks for the reply. I don't remember the rules on personal use when we first did the 1031, are those relatively new? It's definitely been a investment property, but it hasn't rented well, people seem interested, but then back out, or want it for shorter terms. I think the agent isn't very good, bu...
by metrunt
Wed Jan 11, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: reduce taxes on house sale
Replies: 4
Views: 833

reduce taxes on house sale

In the 1970s, my mother received a piece of property from her mother in law, likely valued at $40K then. In 2005, she sold it and bought a condo to us as a rental using a 1031 exchange. The condo only rents 8 months of the year and has only rented 7 or so years of the past 11. It's used as a vacatio...
by metrunt
Mon Jan 09, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Roofing costs and options (flat v pitched ; solar panels)
Replies: 6
Views: 658

Re: Roofing costs and options (flat v pitched ; solar panels)

The structural issue isn't something I had thought of. Thanks for the reply. I will start looking at solar contractors. I've bought this house 10 years ago. I'm just guessing on the roof's age, but there are at least 3 problems I can see with my untrained eye. One is that a pitched addition was put ...
by metrunt
Mon Jan 09, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Roofing costs and options (flat v pitched ; solar panels)
Replies: 6
Views: 658

Roofing costs and options (flat v pitched ; solar panels)

I have a flat roofed home. It's a BRAI roof, at least 15 years old and it's leaking. Pretty bad. According to local building code, we to to tear it and and replace it. I'm thinking about replacing it with a pitched roof. Flat is very common in my area, but the maintenance is problem, and they're che...
by metrunt
Wed Dec 21, 2016 2:56 pm
Forum: Personal Consumer Issues
Topic: Is it rude to dispose of unwanted gifts?
Replies: 60
Views: 5959

Re: Is it rude to dispose of unwanted gifts?

Why do you feel guilty giving your things away?

That's the only question that matters here. Figure that out and then either continue to give them away or keep them, or do something else as the answer informs you.
by metrunt
Thu Dec 08, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: considering selling rental home, any things to look out for
Replies: 11
Views: 679

Re: considering selling rental home, any things to look out for

You're looking at 20k - 40K of capital gains? That's 10K-20K each. If she's in the 15% income tax bracket, she may not owe any capital gains tax at all. You, you may owe 1,500 up to 3K. If you can tax loss harvest (have any bonds you want to sell?), you could even bring that down. Hope that puts it ...
by metrunt
Thu Dec 08, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 241
Views: 10284

Re: Explain why Rebalancing isn't Market Timing?

You can define something any way you want. A definition's value is in how useful it is. And we assign a judgement to that definition. It's useful to me to say it's "market timing market timing is bad" and I'll define 'market timing' as changing my investment strategy based on how I predict...
by metrunt
Thu Dec 08, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 241
Views: 10284

Re: Explain why Rebalancing isn't Market Timing?

He believes he needs to buy more stocks because they have gone down. How is this not market timing? He's not buying more stocks because he expects stocks to rise. He is following a plan (an asset allocation plan) regardless of what the market does. Arguing about definitions can sometimes be useful,...
by metrunt
Thu Dec 08, 2016 1:16 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 90
Views: 12189

Re: Amazon Prime Getting Stingy?

I think some of the complaints are people not reading the fine print when they order. Some items that have the "Prime" label are sold by Amazon, others sold by 3rd parties. Some of those 3rd parties will honor the "2 day shipping" thing, but *not ship the item for several days*. ...
by metrunt
Tue Dec 06, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Computer hacked. Next?
Replies: 15
Views: 1956

Re: Computer hacked. Next?

If the account did not have admin privileges, and assuming no root compromise, only the account may have been hacked, not the entire computer. ... As such, deleting the account and creating a new one should suffice. How does one know if there is a "root compromise"? I'm pretty confident t...
by metrunt
Tue Dec 06, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: Computer hacked. Next?
Replies: 15
Views: 1956

Computer hacked. Next?

My mom is getting on in years and I help her with computer issues though I live across the country. She has a Mac Mini that I've set up a "Standard" account for her. I have an 'Admin' account for myself. A couple days ago she was having trouble with her Netflix. She has the DVD by mail ser...
by metrunt
Tue Dec 06, 2016 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Want my employees to take over my company
Replies: 20
Views: 4132

Re: Want my employees to take over my company

Why not hire someone to do your job and become an owner instead of an owner / operator?
by metrunt
Fri Dec 02, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax available
Replies: 12
Views: 2640

Re: TurboTax available

redrocker, I did the exact same thing! I used my Mint user/pass (autofilling from my password manager) instead of my TurboTax and that kept booting me out, etc. I've got the ability to modify my wage (and investment) income a bit this month, so I get to estimate my 1040 and then play around with dif...
by metrunt
Fri Dec 02, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 8404

Re: Pay off mortgage?

Is there a rush? I'm 3 years into a 30 year at 3.8%. I owe $180K. I could pay it off, it'd be a stretch leaving me with almost no liquidity, but even if I had 2-3 the payoff amount laying around, I probably still wouldn't. A 3.8% mortgage is a historical anomaly. That rate has value. It's very proba...
by metrunt
Thu Dec 01, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax available
Replies: 12
Views: 2640

Re: TurboTax available

I use the online version. I don't buy the software itself.

For the online version, you don't get billed until you submit your return. I suppose you could wait until a price drop, but I think it's "reduced price" now and goes "full price" a month or two before April 15.
by metrunt
Thu Dec 01, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax available
Replies: 12
Views: 2640

TurboTax available

Effective today, December 1st, 2016, if you want to get a jumpstart on your taxes and you use TurboTax's online product, you can now work on your 2016 taxes!
by metrunt
Fri Nov 11, 2016 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much is business worth?
Replies: 49
Views: 4896

Re: How much is business worth?

You may get a lot of opinions on this, including one to consult a professional business appraiser. For a ballpark, I'd start at $300K and take $250K for the existing studio. I'd license the franchise rights for 10% of annual gross revenue. You'll want to get familiar with the accounting terms around...
by metrunt
Mon Nov 07, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Next Steps In Career And Financial Future
Replies: 4
Views: 1406

Re: Next Steps In Career And Financial Future

First, what is your total savings each year? It sounds like you have tax advantaged plus, plus your $100K non-tax advantaged? What does the tax-advantaged savings add up to? Also, what does your budget look like? Just based on the info you gave, with an income of $550K and no debt, your accumulated ...
by metrunt
Mon Oct 31, 2016 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to purchase on Exchange if don't qualify for subsidy
Replies: 13
Views: 1708

Re: Any reason to purchase on Exchange if don't qualify for subsidy

I have a health insurance broker. It's fantastic.

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