Search found 2255 matches

by travellight
Thu May 26, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 93
Views: 2842

Re: What was your first investment?

Bought a house for 80,000$ when I was 21. I sold it at age 25 for $125,000. The neighbors were shocked it had gone up like that.
by travellight
Thu May 26, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 118
Views: 4435

Re: What's Your Credit Card Rewards Strategy?

^In my best year I generated 385,000 points but I don't know how many cards that involved. It was probably only about 7 to 8 cards if each card gave 50,000 points.
by travellight
Thu May 26, 2016 12:40 am
Forum: Personal Consumer Issues
Topic: How much do you spend on trips/vacations?
Replies: 71
Views: 4327

Re: How much do you spend on trips/vacations?

mint says that a little over 50% of my credit card spending is on travel. This doesn't even include food during travel. It covers hotels, air (mostly free on miles), uber.
by travellight
Thu May 26, 2016 12:32 am
Forum: Personal Consumer Issues
Topic: How much do you spend on trips/vacations?
Replies: 71
Views: 4327

Re: How much do you spend on trips/vacations?

I spend about $200/night for lodging and $200/day for food and fun. I work full time but do a small trip somewhere for fun monthly.
by travellight
Mon May 23, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1623
Views: 338694

Re: What Movie Have You Recently Watched?

I saw Sicario last night. I thought it was flawed but watchable. I tried to appreciate its strong points which were the scenes at the end with Benicio del toro. I found myself very irritated with the Emily Blunt character. I agreed with the NY Times review of this movie by A. O. Scott and the commen...
by travellight
Mon May 23, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1623
Views: 338694

Re: What Movie Have You Recently Watched?

^I saw Bryan Cranston on Broadway from the front row in All the way and it was riveting. Money well spent. Looking forward to seeing this HBO version.
by travellight
Mon May 23, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 50
Views: 4420

Re: Evicting a tenant-Hire lawyer?

Good to hear the place looks fine. If the funds do show up, will you cancel the eviction? If you do cancel it, will you charge her fees for the process? I would charge late fees, any fees involved in the posting and eviction, plus a $200 administrative fee for my headaches (or I would at least take ...
by travellight
Sun May 22, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying land in West
Replies: 30
Views: 2760

Re: Buying land in West

I would also think if water issues. I read that thr guy in The Big Short is now focusing in buying land, for water.
by travellight
Sat May 21, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2501

Re: IRS wants taxes for a backdoor Roth

^thanks DSInvestor!!! I will run through that and give it a try.
by travellight
Sat May 21, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 3615

Re: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

Back when my salary was 178k, I would only allow myself to buy a 400k house. That calculator to 750k seems off to me. That being said, I was in a position of secure income increases back then and ended up buying a house for 837k when my salary was in 300sK. I only had 5% saved but it was my rule to ...
by travellight
Fri May 20, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2501

Re: IRS wants taxes for a backdoor Roth

Yes, I tried it in Turbotax and HRB's program. It is not easy to do the backdoor Roth. I had to google it and got a step by step how to guide and did it all but there is no form 8606 generated and it still thinks I have a taxable event. I will keep working on it.
by travellight
Fri May 20, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2501

Re: IRS wants taxes for a backdoor Roth

Just wanted to say that I researched this and sat on sidelines for almost a year due to trepidation before I did the backdoor ROTH over two years ago. I found out in the process that my first CPA had never filed 8606s for any of my IRAs for 20 years. As part of the process, my new CPA had to file al...
by travellight
Mon May 16, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 50
Views: 4420

Re: Evicting a tenant-Hire lawyer?

Let us know how it goes. Hope it us not too painful.
by travellight
Sun May 15, 2016 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 50
Views: 4420

Re: Evicting a tenant-Hire lawyer?

I usually have them deposit a check in my account at their local Wells fargo bank. This is usually at least 3 weeks before move in. I think even with that, there is a risk with scammers. It can be tough and you can hope to have more winners than losers.
by travellight
Sat May 14, 2016 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 50
Views: 4420

Re: Evicting a tenant-Hire lawyer?

How did she get in the house without two mnths rent money received?
by travellight
Fri May 13, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20826

Re: Physician Retirement Savings

I think generally high net worth is over 5 million; some would say over 10 million. I have exceeded my original net worth retirement goal but am still working. NW is at 10x annual income, roughly, and at about 80x annual spending. NW is not liquid though and I don't mind the work and pension is bett...
by travellight
Fri May 13, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4215

Re: Top 100 colleges - Highest priority

^while I don't think it is a mandate, one would have to have exceptional other factors when so many other competing students will have taken H/AP in all the core categories plus more.
by travellight
Fri May 13, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 284
Views: 40117

Re: Credit Card Rewards (Travel)

I agree with you, giesen. Requiring the call is redundant, inefficient, and not customer friendly.
by travellight
Tue May 10, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: Finishing Attic Space - Code Issue with Walkup Stairs
Replies: 20
Views: 2076

Re: Finishing Attic Space - Code Issue with Walkup Stairs

I would make sure you have good egress windows up there.
by travellight
Wed May 04, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: WOW fantastic Cars in the Wild
Replies: 84
Views: 10296

Re: WOW fantastic Cars in the Wild

One memorable moment was seeing a car I really liked in my 'hood and catching up to see what it was. It was a McLaren and I looked it up and it appears to cost about 1.3 million. I referred to it as a moving house as that's what a house costs around here.
by travellight
Sat Apr 30, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: How do you stop robo-calls/unwanted calls?
Replies: 60
Views: 4804

Re: How do you stop robo-calls/unwanted calls?

I have had calls on my cell phone and waited to speak to a live person twice and asked to be removed from the call list and they hung up on me.
by travellight
Sat Apr 30, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Too Much in Retirement Accounts?
Replies: 35
Views: 4810

Re: Saving Too Much in Retirement Accounts?

There are pros and cons to both. I am a happy remote landlord.
by travellight
Sat Apr 30, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k question
Replies: 9
Views: 520

Re: Solo 401k question

It seems to me she would pay self employment tax whether or not she does the solo 401k if she made income above a certain threshold. In her case, she is likely below that threshold anyway so it would behoove her to still try to do the solo 401k. It would seem like for a sole proprietor who just rece...
by travellight
Sun Apr 24, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax optimization
Replies: 36
Views: 2364

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: 2364

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: 2364

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: 3887

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: 3361

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: 5275

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: 582

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: 1229

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: 11215

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: 11215

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: 11215

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: 1991

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: 3584

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: 6224

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: 8041

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: 3584

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: 6224

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: 3377

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: 1238

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: 3921

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: 9259

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: 4144

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: 2255

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: 2255

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?

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