Search found 2230 matches

by travellight
Sun Apr 24, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax optimization
Replies: 36
Views: 2028

Re: Tax optimization

"Unequivocally true, but given the OP's original post was about taxes, it really isn't a good idea to purchase residential real estate just to obtain tax savings." Seems like if you are paying 4k in rent and for a comparable unit, you pay 4k in mortgage, at least you get mortgage interest ...
by travellight
Sat Apr 23, 2016 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tax optimization
Replies: 36
Views: 2028

Re: Tax optimization

^I know it is really really expensive to buy, but it is really expensive to rent as well.
by travellight
Sat Apr 23, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax optimization
Replies: 36
Views: 2028

Re: Tax optimization

For housing in NY, is rent comparable to mortgage? If so, it might be worth it to buy the place you will live in. Beside the tax deduction, it is possible to have appreciation. I don't even live in NY and am looking to buy something there.
by travellight
Sat Apr 23, 2016 11:25 am
Forum: Personal Consumer Issues
Topic: Selling a house with solar panels
Replies: 38
Views: 3345

Re: Selling a house with solar panels

I would think a home would be more attractive with a nice installation and minimal visibility with electric bill down to zero. I used about 1/5 of my roof for my solar installation so that I could preserve curb appeal and wanted no or minimal visual impact of the panels, and it is currently serving ...
by travellight
Sat Apr 23, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K or Roth 401K - who wins !!
Replies: 59
Views: 2876

Re: Traditional 401K or Roth 401K - who wins !!

For a person with a high income over 400k and high pension/retirement income that will also stay about 400k, I thought ROTH might be better but it looks like it would be the same. Calculations: If you contribute 24k and you are in the highest tax rate, you will pay about 12k now with ROTH. I am not ...
by travellight
Sat Apr 16, 2016 9:04 pm
Forum: Personal Consumer Issues
Topic: A Month in Manhattan
Replies: 87
Views: 4670

Re: A Month in Manhattan

I love wandering around neighborhoods: Nolita, noho, lower east side, east village, west village, tribeca, meatpacking district and Chelsea market. Shows such as Beautiful and book of Mormon. I am seeing Hamilton at last next month (bought orchestra seats 9/1/15). I had a great birthday dinner at Gr...
by travellight
Thu Apr 14, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Doing my own taxes with different results
Replies: 6
Views: 519

Re: Doing my own taxes with different results

I had the same problem and tried two different programs with different outcomes. I filed an extension while I try to figure it out.
by travellight
Thu Apr 14, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: Scheduling Flight for Minimal Jet Lag
Replies: 17
Views: 1076

Re: Scheduling Flight for Minimal Jet Lag

I agree with dbr. I would take the later flight and try to stay up till 8 pm.
by travellight
Wed Mar 30, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10768

Re: How have your homes as investments done?

There was an economic dip in San Diego around 91-97. I bought around 91 which seemed to be a good time because the high was around 88-89 so prices had already come down some. Didn't realize it was going to fall more.... grabbing the falling knife visual. I decided to take advantage of the fall and b...
by travellight
Wed Mar 30, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10768

Re: How have your homes as investments done?

^ my locations encompass Baltimore in the 80s, Hawaii in late 80s to early 90s, San Diego 1991 to now, and the rest are in Utah. My one loss was in San Diego in 1991.

I wish I had bought in SF, London or NY before their rises.
by travellight
Wed Mar 30, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10768

Re: How have your homes as investments done?

I have bought 12 homes and 1 lot in my lifetime, from age 21 to 49. 8 of the homes were investment properties. 1 of the 12 homes lost value compared to what I bought them for. The lot also was a stinker... lost 40k in that. The rest of the homes (11 out of 12) had small to marked appreciation. They ...
by travellight
Mon Mar 28, 2016 5:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 17
Views: 1363

Re: Salt Lake City Bogleheads

I wish I could attend! Salt Lake City is my second home and I come several times a year. I would like to be a member of the group so that I can come if the dates work out in the future for me.
by travellight
Tue Mar 22, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing Credit Card Rewards
Replies: 39
Views: 3363

Re: Maximizing Credit Card Rewards

There is a limit to the process, right? I think once you have gone through all the cards churning, you are on about a 2 year wait with Chase and Citibank before you get rewards again. I understand with AMEX, it is forever.
by travellight
Tue Mar 22, 2016 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 6053

Re: Is California income tax-friendly for early retirees?

@hnzw rui: the house is 3500 sf and my outdoor space is xeriscaped. I think part of the reason my water bill is so high is because I was so conservative in my use in 2013 which is what they base current rates on. You are expected to reduce your use by 45%? off of what your use was in 2013. This pena...
by travellight
Tue Mar 22, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: I don't have anyone else to brag about this to [debt free]
Replies: 77
Views: 7556

Re: I don't have anyone else to brag about this to

I'll say it since no one else did yet.... now, that's worth crowing about! lol, congrats!
by travellight
Tue Mar 22, 2016 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing Credit Card Rewards
Replies: 39
Views: 3363

Re: Maximizing Credit Card Rewards

I would get the Chase ink plus or sapphire cards for the great bonuses.... 50k or 60k if you can spend their minimum, usually within 3 months.
by travellight
Mon Mar 21, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 6053

Re: Is California income tax-friendly for early retirees?

I am amazed at those with low utility bills in CA. My water bill varies from $350 to high $600s every two months (despite extreme conservation). I also pay trash pick up of $60/month. Electric bill is about $300/month (I just spent 27k to go solar due to this). I live in coastal San Diego and rarely...
by travellight
Mon Mar 21, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: real estate investor reaching end game
Replies: 23
Views: 3230

Re: real estate investor reaching end game

^hmmm, what do you mean by this? You are staying the course as you have been in RE and not buying stocks?
by travellight
Sun Mar 13, 2016 11:24 pm
Forum: Personal Consumer Issues
Topic: Crack in Basement Window - Who to Contact?
Replies: 9
Views: 1199

Re: Crack in Basement Window - Who to Contact?

^do you think they would replace the whole sash for free?
by travellight
Sat Mar 12, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is now a good time to purchase property [New York City]
Replies: 28
Views: 3671

Re: Is now a good time to purchase property [New York City]

^yes, this is an option I wanted as well. I met a guy in the pool at two bunch palms this past week who is from NY and he recommended a site called streeteasy.com. I plugged in my parameters and it came up with only 6 properties in Manhattan. All I requested was 250-800k 1 BR, 1BA and pied-a-terre a...
by travellight
Sat Mar 12, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: Bread - The Cost and Convenience
Replies: 94
Views: 8717

Re: Bread - The Cost and Convenience

The range of boglehead knowledge is amazing... 56 posts on bread; I had to check it out and learned a lot.
by travellight
Fri Mar 11, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Maxing Roth 401K vs Trad 401K
Replies: 47
Views: 3976

Re: Maxing Roth 401K vs Trad 401K

Thanks wolf.... Thinking about this these past few days, I have come to the same conclusion. I will max out my Roth 401k and take the tax hit now.
by travellight
Tue Mar 08, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: H&R block taxes
Replies: 22
Views: 2208

Re: H&R block taxes

^great info, thanks Bertilak and Montana girl!
by travellight
Mon Mar 07, 2016 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: H&R block taxes
Replies: 22
Views: 2208

Re: H&R block taxes

I thought that the benefit of HRB was that you can go to a local branch for free and have them answer any questions. How is that different from Best of Both? Also, has anyone ever had an audit with HRB and what level of support do they provide?
by travellight
Mon Mar 07, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

Thanks SDBoggled! That will be fun to play with. Assuming low appreciation per year over the long haul (after 09-12) makes real estate looks less good than in the initial years... I wonder if those going for maximum gain would cash out at a plateau point and transfer to other investments? It is mark...
by travellight
Sat Mar 05, 2016 10:13 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

oh, I see.... I do have net operating cash flow of about 20k per year.

50246/253000 = 20% ROI

So, your formula ends up pretty close to mine which yields about 18% ROI on this property.

I'm always interested in analyses to compare this investment type against equities.
by travellight
Sat Mar 05, 2016 7:02 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

^wow, that is complicated, storm. How do you define net operating cash flow? If I assume that is zero, here is my analysis of one of my properties: net operating cash flow=zero; rental income minus total costs for the year plus depreciation = 29,674. Add how much the property has appreciated: bought...
by travellight
Sat Mar 05, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 118
Views: 15682

Re: Costco AMEX Transition - Costco has no answers

great info on this thread... thanks. I have been wondering about this.
by travellight
Sat Mar 05, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant costs
Replies: 18
Views: 1334

Re: Accountant costs

^ and that was with me doing all the background work of going through all receipts and credit card/bank statements and delivery the net numbers in each category.
by travellight
Sat Mar 05, 2016 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant costs
Replies: 18
Views: 1334

Re: Accountant costs

I have 6 rental properties and was willing to pay $1000. Bill went up to $1400 so I am switching to Turbo tax premier or HRB.
by travellight
Sat Mar 05, 2016 4:21 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

^ how are you determining return on equity? Net profit income each year divided by down payment (A) which is the true money you have put in, or divided by purchase price (B)? This can differ for those who buy all cash versus those who leverage and only have at risk/at work the down payment number.
by travellight
Sat Mar 05, 2016 4:17 pm
Forum: Investing - Theory, News & General
Topic: Maxing Roth 401K vs Trad 401K
Replies: 47
Views: 3976

Re: Maxing Roth 401K vs Trad 401K

"if you properly plan your retirement you should be able to take distributions in the LOW tax brackets/have a low EFFECTIVE tax rate vs your top marginal tax rate today." Seems to me that if you properly plan your retirement, you could end up being screwed tax wise.... a good retirement pl...
by travellight
Sat Mar 05, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

^Thanks John. So, one can avoid taxation upon heirs as long as entire estate is under 5.43 million dollars to my reading, and above that there is estate tax of up to 40%. It would seem to make sense to keep properties until one's death if you don't have to sell and do 1031 exchanges if you don't wan...
by travellight
Sat Mar 05, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Meaning of term "Board Certified Physician"?
Replies: 38
Views: 3873

Re: Meaning of term "Board Certified Physician"?

[quote]Initial Board certification means someone completed a residency/ fellowship and passed an exam demonstrating esoteric medical knowledge. Maintenance of certification means the physician is being fleeced to pay several hundred dollars a year to a monopolistic organization to maintain a label./...
by travellight
Fri Mar 04, 2016 11:43 pm
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4401

Re: rental income investing

^@john: What happens when the kid(s) sell after inheriting the properties? Do they pay the 15% capital gains tax? Is the gain/appreciation wiped out and do they inherit at FMV? I understand the free lunch in that all the benefits of depreciation don't have to be paid back by them but so then, what d...
by travellight
Fri Mar 04, 2016 7:50 pm
Forum: Personal Consumer Issues
Topic: Blow drying hair in the summer
Replies: 27
Views: 1747

Re: Blow drying hair in the summer

I blow dry for just two minutes to get a good start on it and then drive with windows down and let it air dry on my drive to work. Better yet, I time my showers so it is not right before work and I have the luxury of air drying.
by travellight
Fri Mar 04, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Has your number changed?
Replies: 52
Views: 5940

Re: Has your number changed?

[quote]I'm mostly working so I can feel free to buy business class for international travel in retirement/quote]

this is what it boils down to for me as well, lol.... challenge is that it translates to a big number.
by travellight
Fri Mar 04, 2016 7:35 pm
Forum: Investing - Theory, News & General
Topic: Maxing Roth 401K vs Trad 401K
Replies: 47
Views: 3976

Re: Maxing Roth 401K vs Trad 401K

Seems like if you are barely in the highest tax bracket, traditional makes more sense as it may reduce you to a lower tax bracket.
by travellight
Thu Mar 03, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Has your number changed?
Replies: 52
Views: 5940

Re: Has your number changed?

I came up with a random number of 2 million after thinking it through when I was about 28. The number has moved up with time as I got more ambitious about wanting luxury in my older years.
by travellight
Mon Feb 29, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 9547

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

I just read that filing prices go up as we approach 4/15. For someone who may get a small refund, does it make sense to file an extension and then purchase and pay at a lower cost by filing when costs go back down after 4/15? I have done extensions for the past 3 years because my research showed tha...
by travellight
Mon Feb 29, 2016 12:41 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 9547

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

Thanks for the suggestions. It sounds like there is no easy way for the first time.
by travellight
Sun Feb 28, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 9547

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

@trapper and any others who might know: how can I import my last year's tax return that was prepared by a CPA and therefore no prior history on turbotax, taxact or HRB? I tried turbotax online and it does not give that option. It appears maybe I can do it if I get the download version but do I have ...
by travellight
Sat Feb 27, 2016 8:04 pm
Forum: Personal Consumer Issues
Topic: Mice and termite issues
Replies: 32
Views: 2092

Re: Mice and termite issues

@goodlifer: We did once discover a live mouse hanging out in the "catio" with our cats. It appeared to be sharing their food, pleasantly. We put it in an open box with a water source and some food. My son made the comment "now our pets have pets". The mouse died the next day; we ...
by travellight
Sat Feb 27, 2016 12:19 am
Forum: Personal Consumer Issues
Topic: Help with Solar Panel project ROI
Replies: 26
Views: 1728

Re: Help with Solar Panel project ROI

I am having solar installed right now... 8 kw system for about 17,600 after the rebate. Payoff is expected to be in about 5 years due to high electricity cost (tier 3 and 4 are about 33 to 43 cents/w) and good solar production due to sunny location.
by travellight
Sat Feb 27, 2016 12:01 am
Forum: Personal Consumer Issues
Topic: Mice and termite issues
Replies: 32
Views: 2092

Re: Mice and termite issues

having a cat is a big deterrent to the mice population as well.
by travellight
Thu Feb 25, 2016 11:46 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6118

Re: What withdrawal % are you planning on?

4% with no mortgage debts, can easily flex down to 2%.
by travellight
Wed Feb 24, 2016 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Late 20's -- Soon to be surgery resident. First time investment help needed!
Replies: 32
Views: 2690

Re: Late 20's -- Soon to be surgery resident. First time investment help needed!

Personally, I would try to be a prodigious saver and put what I can into a roth Ira and pay back student loans as much as possible. Pay down your student loan to the capacity that you can as if you were a normal person who saves a normal amount. The differential squeezed out of being a prodigious sa...
by travellight
Mon Feb 22, 2016 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is now a good time to purchase property [New York City]
Replies: 28
Views: 3671

Re: Is now a good time to purchase property [New York City]

I am also considering this and will post any information I come across.
by travellight
Sat Feb 20, 2016 11:51 pm
Forum: Personal Consumer Issues
Topic: getting solar, how to do tax rebates?
Replies: 8
Views: 780

Re: getting solar, how to do tax rebates?

just curious, how big a system are you getting and at what price? I am doing it next week and got about $3.33/watt.

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