Search found 196 matches

by runner540
Fri Jul 21, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 21
Views: 539

Re: Commuters (that drive), what do you listen to?

Rupert wrote:Podcasts and/or NPR. I don't like to listen to audiobooks in traffic. I either get too absorbed in the book and miss my exit, or I'm too distracted by traffic and miss a crucial part of the book.


+1
I look forward to Monday mornings when a couple of my podcasts post new episodes.
by runner540
Fri Jul 21, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 45
Views: 1765

Re: Denver or Portland for a 2nd home

Thanks for the replies so far. On traffic, I've been to Portland house hunting 3 times in past 4 months and traffic is indeed bad there. One posted traffic is bad also in Denver. However, it is all relative. They are bad but not LA or DC bad. Besides, I don't have to go to work every day so it is l...
by runner540
Fri Jul 21, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 45
Views: 1765

Re: Denver or Portland for a 2nd home

I won't try to answer your question about which city is better or you, but will focus on the financial aspect. Sounds like you might be a good candidate to do some short term (3 month?) rentals in both cities before committing with a purchase. Check out this rent vs. buy index, which identifies Denv...
by runner540
Thu Jul 20, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 186
Views: 12350

Re: Buying house - Very important decision

PettyBogle, But so are Seattle, Denver, Austin, Raleigh, North NTC corridor, Portland, Salt Lake City, Phoenix which are actually far ahead. I do not think Nashville is even close as the tech jobs are concentrated in IT area rather than into product/start_ up/Cross-areas like biotech:manufacturing:...
by runner540
Thu Jul 20, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 103
Views: 3754

Re: Can anyone convince me I need international stock in my portfolio?

I am not saying don't own international stocks I'm saying have a reason for owning them. I'm bumping up my international stock holdings slowly because they are undervalued compared to us stocks. Can you explain how you concluded that intl stocks are undervalued? I hold market weight global/US for t...
by runner540
Thu Jul 20, 2017 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 103
Views: 3754

Re: Can anyone convince me I need international stock in my portfolio?

My human capital, social capital, language and cultural skills are heavily weighted to my home country. Homeowners should add their house to the list of assets that are home country weighted. I think it's important to balance that with some financial exposure to the rest of the world, at relatively ...
by runner540
Wed Jul 19, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a house around San Jose, CA
Replies: 18
Views: 1659

Re: Looking for a house around San Jose, CA

My family is in a similar situation in Burlingame. We're currently paying $4.5k rent for a 3 bedroom house. My son is starting kindergarten next month and one of the biggest factors that will likely keep us in here is the schools. I think it's going to be really tough to realistically save enough t...
by runner540
Wed Jul 19, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2224

Re: Mortgage Rates in 3 years?

1) What's a reasonable % of take home pay for your monthly payment - (mortgage payment) + (insurance) + (taxes)? Dave Ramsey says 25% but that seems overly conservative.... The problem with the various ratios for housing costs is that income levels really change things. Someone making $1M per year ...
by runner540
Wed Jul 19, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Where did you make your wedding album?
Replies: 8
Views: 520

Re: Where did you make your wedding album?

Mpix. Photos are very well printed and the books lool classy.
by runner540
Tue Jul 18, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: anybody dabble in venture capital?
Replies: 24
Views: 1752

Re: anybody dabble in venture capital?

Why venture capital? Why not hedge funds or private equity? Direct real estate investment? I'm not interested in real estate. Hedge funds or private equity are options I'd be willing to learn more about. Anybody aware of online sources that discuss the pros/cons of such "alternative" inve...
by runner540
Sun Jul 16, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Does pension change allocation of funds?
Replies: 30
Views: 2071

Re: Does pension change allocation of funds?

A lot of great advice here. Some posters are stating I have 20 years to go and have a lot of time. This is not necessarily correct. I plan on retiring in 10 years. I have a teacher pension in MN that I believe is quite solid. Part of the reason I am wanting to be more aggressive is in addition to A...
by runner540
Sun Jul 16, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 141
Views: 12065

Re: How are folks handling the unprecedented rise in the market ?

I paid off my mortgage in 2016 (I had 94k remaining in 2013). House value 230k I maxed my 401k in 2016 and will again in 2017. Maxed my Roth in 2015, 2016, and 2017. I contributed to my wife's Roth in 2016. 2017 is TBD. I've also been investing in my taxable - VTI and Berkshire Hathaway. Freedom of...
by runner540
Sun Jul 16, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying beach bungalow in San Diego for Winters
Replies: 55
Views: 4350

Re: Buying beach bungalow in San Diego for Winters

Mega317 beat me to it: With the new details, I'm going to say this would be living far beyond your means to maintain two HCOL residences. Your expenses are higher than your income already. Wait until you grow your business and income. It's not clear if you are reinvesting dividends or living off them.
by runner540
Sun Jul 16, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Bulking up my retirement
Replies: 5
Views: 994

Re: Bulking up my retirement

ClanH, can you share more detail about your overall financial situation? Specific numbers for your income, pension, expenses, etc. will help folks provide better answers. Do you plan to retire before the kids are done with college?
by runner540
Sat Jul 15, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8075

Re: Personal Finance Milestone: 20 Times Annual Expense

Congratulations, what a milestone. I appreciate your notes of caution when folks want to commit to an expensive home.
by runner540
Sat Jul 15, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Is now time to move into international stocks?
Replies: 47
Views: 4577

Re: Is now time to move into international stocks?

It's time ONLY if you have done the research and decided to change your asset allocation going forward based on your research and risk tolerance. It is not time if you are just speculating on which will rise faster. Or bid up international (I've had a significant international allocation for my whol...
by runner540
Sat Jul 15, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4094

Re: Rent in safer neighborhood or buy in less safe one?

There is so much more to a neighborhood and house than statistics. Have you and your spouse visited the neighborhood at all different times/days of the week? Do you know others who live there, or any local police officers who can give you some on-the-ground data? I think this is a question that stat...
by runner540
Fri Jul 14, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home + Renting out rooms
Replies: 15
Views: 1246

Re: Purchasing Home + Renting out rooms

I'm in a high cost of living city and trying to make the economics work out on purchasing the home by subletting rooms to other, is this a good idea? Cost: $3,000,000 Mortgage+Tax+Interest+Insurance: $15,000/month Income from subletting: $70,000 Income: $500-750k From my understanding I'd get taxed...
by runner540
Fri Jul 14, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4599

Re: When to max out 401k (Aspiring Early Retiree)

When you pay all cash for something big and there is no change to your monthly spending, it's easier to dismiss it and buy more stuff. That is a new twist on that argument for taking on debt! If someone is able to save enough to buy a house in cash, I'm not worried at all about their ability to sav...
by runner540
Fri Jul 14, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4599

Re: When to max out 401k (Aspiring Early Retiree)

I started maxing out at age 27. 17 years later, my 401k is worth $600k, even though I took $80k out about 5 years ago, thinking I would buy a house, that didn't happen. Max out early and by the time you're in your 40's , you will only need to contribute to match. The best time to max out a 401k is ...
by runner540
Tue Jul 11, 2017 6:52 am
Forum: Personal Consumer Issues
Topic: Donation to Church for wedding?
Replies: 28
Views: 1938

Re: Donation to Church for wedding?

Hello all, My wife and I are regular parishioners at our Catholic church. We donate weekly, and I also give a larger donation 1x per year out of my March bonus. We want to get our civil marriage blessed in the church. Our priest has not mentioned anything about any kind of donation to the church or...
by runner540
Tue Jul 11, 2017 4:59 am
Forum: Personal Consumer Issues
Topic: Donation to Church for wedding?
Replies: 28
Views: 1938

Re: Donation to Church for wedding?

Hello all, My wife and I are regular parishioners at our Catholic church. We donate weekly, and I also give a larger donation 1x per year out of my March bonus. We want to get our civil marriage blessed in the church. Our priest has not mentioned anything about any kind of donation to the church or...
by runner540
Mon Jul 10, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3133

Re: How to save for and finance house move up

You asked not to be lectured about past decisions but it seems to me that you still are making bad decisions and asking how to go about doing so. You will never have enough money or things unless you learn to be satisfied with what you have. Many of the problems in the world start with this basic f...
by runner540
Mon Jul 10, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 100k milestone
Replies: 49
Views: 5438

Re: 100k milestone

For those saying you hit 100k and then 10 years later you are at 500-900k? I am only investing an additional $500-600 a month. I am only working with about 30k income before taxes. I can live off of it and am content. How are you able to build your wealth that fast? Where do you have it invested? I...
by runner540
Mon Jul 10, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3133

Re: How to save for and finance house move up

Have you and your wife discussed that every dollar you are not putting into 403/401/457 is costing you $0.33 in taxes (28% fed + 5% state)?? That would be a huge motivation to put more into retirement. Are you on track for your retirement and college savings plan, and how would that change under new...
by runner540
Mon Jul 10, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1336

Re: Should I invest in this business?

No. Many solid reasons above, and the fact that you don't know what to ask diligence wise.
by runner540
Sat Jul 08, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner needs sanity check moving a lot of cash to market.
Replies: 58
Views: 4743

Re: Beginner needs sanity check moving a lot of cash to market.

[list=1]1. investigate the wife's HSA program and learn about it. I know she contributes some to it but not sure how much.. should that be maxed out? What happens to that money in 10 years if we never used it for medical expenses? Can you just take the cash out? 2. Look into paying off the cars. I ...
by runner540
Sat Jul 08, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Financial check up/Am I ready to buy a house?
Replies: 12
Views: 844

Re: Financial check up/Am I ready to buy a house?

Hi, I've been scanning the blog for a while but haven't posted anything yet. My wife and I are currently debating our financial strength and whether or not we are ready to buy our first home. Below is our current financial status: These are combined figures: Age: 28 Total Salary: $160k plus around ...
by runner540
Fri Jul 07, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10980

Re: Seeking advice on 1.2m house purchase

LOL, OP is looking at a starter home! There's a reason why all these shows are based out of Texas or Toronto. You actually get something for your million dollars. Unclescrooge, are you talking about the Toronto in Canada? Housing there is just as high priced as SF. Replace Toronto with wherever Pro...
by runner540
Fri Jul 07, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4002

Re: Gift to son buy a condo in San Francisco. Co-ownership?

We (me 69, wife 62) live on the Peninsula in the Bay Area. Our house is valued at $5M, a mortgage balance of $560K with 7 years left on the mortgage. No other debt. I am retired with about $25K annual in SS+pension. Wife makes about $200K/year. Cash Assets: $400K Taxable Mutual Funds: $2.2M Tax-def...
by runner540
Fri Jul 07, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Balance sheet is not balancing..
Replies: 7
Views: 489

Re: Balance sheet is not balancing..

So I listed all Assets and Liabilities however my cash portion is left unbalanced because I'm not sure how to balance that under liabilities? Retained Earnings perhaps? Or do personal balance sheets just not balance as net worth rises or falls? Cash is an asset. Assets - liabilities = equity Equity...
by runner540
Fri Jul 07, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4002

Re: Gift to son buy a condo in San Francisco. Co-ownership?

Why would it trigger a federal gift tax bill now? It would have to be reported, but $500k is still under the lifetime limit. Based on my admittedly beginner understanding, it would reduce the amount of your estate that later can be passed on tax free.
Does California have smaller limits?
by runner540
Fri Jul 07, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10980

Re: Seeking advice on 1.2m house purchase

Rent with a shorter commute. Life is too short. I wonder if the HGTVification is to blame. House Hunters and the like show people "fulfilling" their dreams buying their "dream house". To go backwards and jeopardize financial security for a house with a long commute. I just don't...
by runner540
Fri Jul 07, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase
Replies: 22
Views: 1691

Re: Assess our possible new house purchase

Well, you've been doing a good job saving and have a healthy amount in retirement accounts already. Also having a rental property is nice. Can you afford another $1000/month? Yes, it appears so. How old of a house is it? What kind of upgrades/repairs are you anticipating? I would go ahead and get a...
by runner540
Thu Jul 06, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2553

Re: Residential Home for $125K. Rent for $1,400 / mo.

As a long time renter in several markets, that rent seems high for a $125k property. But every local market is different. How confident are you in that rent estimate?
by runner540
Wed Jul 05, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4160

Re: Should I buy this house?

watchnerd wrote:
ERISA Stone wrote:Maybe I'm too confined to my little bubble.....but why are the property taxes so high on this property? Is there a lot of land, or are some areas simply that high?


I was wondering the same thing. That's over 2% property tax, which I've never heard of.


2-3% is par for the course in Texas.
by runner540
Wed Jul 05, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10980

Re: Seeking advice on 1.2m house purchase

I live in Bay area and I could totally understand OP's situation. I have a friend (single) bought and lived in a 4B SFH two years ago and rent out the other 3 unused rooms. Financially speaking, this is a probably workable and I've seen even several married couples renting out 1 room in their house...
by runner540
Wed Jul 05, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 10980

Re: Seeking advice on 1.2m house purchase

TuesdayGal, this is a tough decision. This would be a high risk maneuver, as you acknowledge. It might go well if values continue to rise quickly and the tech industry stays healthy...but, unless your compensation rises significantly, you'll feel like you are constantly treading water. From a distan...
by runner540
Mon Jul 03, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 1915

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

How soon everyone glosses over the memories of recessions. In your adult life, you have known nothing but raging bull markets and high employment. I take lots of calculated risk with my long term accounts, but emergency fund is split between a couple of 1% online accounts, plus a healthy cushion in...
by runner540
Mon Jul 03, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 1915

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

How soon everyone glosses over the memories of recessions. In your adult life, you have known nothing but raging bull markets and high employment. I take lots of calculated risk with my long term accounts, but emergency fund is split between a couple of 1% online accounts, plus a healthy cushion in ...
by runner540
Sun Jul 02, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner needs sanity check moving a lot of cash to market.
Replies: 58
Views: 4743

Re: Beginner needs sanity check moving a lot of cash to market.

Thanks for the feedback. We are about 750K net worth with cash and investments, not counting any equity in the home. I am curious to what # you think would move us out of the "relatively low" category to what you would consider.... average? I only ask to get a gauge on how we are doing et...
by runner540
Sun Jul 02, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 5175

Re: When, if ever, does it make sense to cease contributing the 401K max?

Sounds like it doesn't apply in your case, but there are plenty of employers whose 401k options are sufficiently terrible to make taxable investing a better option. There are still a sadly large variety of outfits sticking with high-cost, low performing options because corporate cut a deal, or beca...
by runner540
Sat Jul 01, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: 33 and getting serious about retirement
Replies: 17
Views: 2133

Re: 33 and getting serious about retirement

I agree with others that single, at that salary level you probably can max your 401k to $18k, do a backdoor Roth (read the wiki), pay down loans and still live on what's left, even in HCOL.
The biggest bang for your buck is the 401k, because of the tax savings.
by runner540
Fri Jun 30, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 186
Views: 12350

Re: Buying house - Very important decision

Prettybogle, please read this very relevant thread about someone else who wants to buy a $520k house https://www.bogleheads.org/forum/viewtopic.php?f=2&t=222339&newpost=3429853 Can you spot the differences that make other posters supportive of the other situation but not yours? High down pay...
by runner540
Fri Jun 30, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Newly married, new doc, new investor and new Boglehead in search of advice
Replies: 18
Views: 1898

Re: Newly married, new doc, new investor and new Boglehead in search of advice

Hello all, Following a colleague's recommendation I picked up The Bogleheads Guide to Investing book this past weekend, and just about never put it down, finishing it a few days later. The book has opened up my mind quite a bit and now all I want to do is learn more and work towards a smarter, more...
by runner540
Thu Jun 29, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 186
Views: 12350

Re: Buying house - Very important decision

Prettybogle, to help us understand your market and what you "need" versus want, here are a few questions: How many open houses have you been to in the last year? What made you hone in on an area where $450k is the minimim to get you a "decent" house? Other posters more familiar w...
by runner540
Thu Jun 29, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24840

Re: Early Retirement - what to do about healthcare?

Again, on health, right now (not speculating on legislation but reporting/advising) employer plans are not being changed and the second group, self-payers are not being targeted for change. I would think your preliminary health cost plan would hold as good as any other plan. Lower your expenses by ...
by runner540
Thu Jun 29, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24840

Re: Early Retirement - what to do about healthcare?

I know it varies a lot from state to state but in a state such as Texas they can and do fire you for any reason or no reason at all. If you stay at work for the health insurance even though you have achieved fire you are still taking a risk because as others have pointed out if you get sick enough ...
by runner540
Thu Jun 29, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 24840

Re: Early Retirement - what to do about healthcare?

I know it varies a lot from state to state but in a state such as Texas they can and do fire you for any reason or no reason at all. If you stay at work for the health insurance even though you have achieved fire you are still taking a risk because as others have pointed out if you get sick enough ...

Go to advanced search