Search found 20760 matches

by KlangFool
Sun Jun 20, 2021 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Modifying 70% flippers rule for when you also plan to live there
Replies: 5
Views: 825

Re: Modifying 70% flippers rule for when you also plan to live there

OP, In general, if I have to rationalize my decision, it is a BAD IDEA. It is an alarm bell to try to wake me up that I am about to make a very bad decision. So, please learn to read your own intuition and emotion. It is a very powerful way for your greater mind to tell you something that you refuse...
by KlangFool
Sun Jun 20, 2021 8:44 am
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 31
Views: 2499

Re: What pitfalls do even smart people make when buying a home?

OP, 1) Spend too much on the house. Then, they have to co-sign a student loan for their kids. 2) Spend too much on the house assuming that they will be fully-employed continuously until retirement age. Then, they became permanently unemployed or under-employed in their 40s and 50s. 3) Spend too much...
by KlangFool
Sat Jun 19, 2021 11:58 am
Forum: US Chapters
Topic: Juneteenth
Replies: 22
Views: 2227

Re: What are the best places to donate on Juneteenth?

OP,

Local area food bank.

KlangFool
by KlangFool
Fri Jun 18, 2021 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $1M house?
Replies: 11
Views: 1661

Re: Buying a $1M house?

That’s his current savings rate. Nowhere in his post did he state his desired future savings rate. London, <<Considering the potential for future income volatility (say 20% chance income drops below $200K eventually), and perhaps even a career change to a lower-paying, less stressful position withi...
by KlangFool
Fri Jun 18, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Does paying off mortgage really reduce Sequence of Returns Risk?
Replies: 278
Views: 15737

Re: Does paying off mortgage really reduce Sequence of Returns Risk?

I am an engineer. I am prepared for the worst case. And, if I can survive in the worst case, I would survive in the lesser case. This may come down to how we're viewing risk. If we're talking worst case (e.g. civilization collapse not Houston Oil Bust), I don't think it matters what your financial ...
by KlangFool
Fri Jun 18, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $1M house?
Replies: 11
Views: 1661

Re: Buying a $1M house?

Income: $450K Annual savings rate: $165K Net Worth: $1.5M - Stocks: $1M - Cash: $350K – Home Equity: $100K - 529s: $40K Debt: - Mortgage: $330K familyman32, You cannot afford a 1 million house. A) With an income of 450K, annual savings of 165K, and assume that your taxes is 150K, Your annual expens...
by KlangFool
Fri Jun 18, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does paying off mortgage really reduce Sequence of Returns Risk?
Replies: 278
Views: 15737

Re: Does paying off mortgage really reduce Sequence of Returns Risk?

<<Clearly $0 portfolio + house owned free and clear is better than $0 portfolio + house with remaining mortgage balance.>> That is not the comparison in this thread. It is between A) $0 portfolio + house owned free B) $X portfolio + house with remaining mortgage balance. KlangFool Sure, but A is no...
by KlangFool
Fri Jun 18, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Does paying off mortgage really reduce Sequence of Returns Risk?
Replies: 278
Views: 15737

Re: Does paying off mortgage really reduce Sequence of Returns Risk?

<<Clearly $0 portfolio + house owned free and clear is better than $0 portfolio + house with remaining mortgage balance.>> That is not the comparison in this thread. It is between A) $0 portfolio + house owned free B) $X portfolio + house with remaining mortgage balance. KlangFool Sure, but A is no...
by KlangFool
Fri Jun 18, 2021 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does paying off mortgage really reduce Sequence of Returns Risk?
Replies: 278
Views: 15737

Re: Does paying off mortgage really reduce Sequence of Returns Risk?

you can borrow against home equity in bad return scenarios, Which is obviously wrong. If it is bad enough, you could not borrow against the home equity. Houston Oil Bust, Texas Saving & Loan Crisis, Asian Currency Crisis, and so on... KlangFool Are you saying that there'd be no way to turn home...
by KlangFool
Fri Jun 18, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does paying off mortgage really reduce Sequence of Returns Risk?
Replies: 278
Views: 15737

Re: Does paying off mortgage really reduce Sequence of Returns Risk?

AnEngineer wrote: Fri Jun 18, 2021 3:03 pm
you can borrow against home equity in bad return scenarios,
Which is obviously wrong. If it is bad enough, you could not borrow against the home equity.

Houston Oil Bust, Texas Saving & Loan Crisis, Asian Currency Crisis, and so on...

KlangFool
by KlangFool
Thu Jun 17, 2021 6:27 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

bertilak wrote: Thu Jun 17, 2021 6:14 pm
Or do you mean drop two (Total Stock, Total international) and use just one (Total World)?
Correct! And, only do that for your tax-advantaged accounts. And, you only split Total Stock and Total world in your taxable account.

KlangFool
by KlangFool
Thu Jun 17, 2021 5:56 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

I am a bit confused by the TLH advice not to hold the same fund in multiple accounts. If you are going to swap (e.g. VTSAX with VFIAX) just do it everywhere. That doesn't introduce any additional difficulties as far as wash sales. I have done this myself. What am I missing? bertilak, Why do the per...
by KlangFool
Thu Jun 17, 2021 5:48 pm
Forum: Personal Investments
Topic: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup
Replies: 23
Views: 2270

Re: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup

In home country, young women raised in big cities, despite almost always getting college degrees, are not expected to provide for their own roof & wheel econalex, This mentality is not exclusive to female and to a certain culture. There are a fair amount of couples in this country where one of ...
by KlangFool
Thu Jun 17, 2021 5:38 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

I am a bit confused by the TLH advice not to hold the same fund in multiple accounts. If you are going to swap (e.g. VTSAX with VFIAX) just do it everywhere. That doesn't introduce any additional difficulties as far as wash sales. I have done this myself. What am I missing? bertilak, Why do the per...
by KlangFool
Thu Jun 17, 2021 4:54 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Hi KlangFool, Sorry I somehow missed this post. I was considering ITOT as the TLH partner for the VTI in taxable. I should edit my original post. Are you sure that it is not using the same stock index as VTI? KlangFool Tough call... Wash sale question- are ITOT and VTI Substantially Identical? And,...
by KlangFool
Thu Jun 17, 2021 4:50 pm
Forum: Personal Investments
Topic: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup
Replies: 23
Views: 2270

Re: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup

b) GF has no significant saving outside retirement account since she like nice things. OTOH, she has a nice income that can cash-flow both of us even if I sink all my take-home into mortgage. econalex , A) <<GF has no significant saving outside retirement account since she like nice things.>> B) <<...
by KlangFool
Thu Jun 17, 2021 4:06 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Vanguard 500 Index (VFIAX) is a reasonable substitute for Vanguard Total Stock Market (VTSAX) that you could use in retirement accounts to avoid any conflicts with Vanguard Total Stock Market (VTSAX or VTI) in your taxable accounts if you want to avoid any issue of wash sale conflicts. Thanks! Bwat...
by KlangFool
Thu Jun 17, 2021 2:31 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Correct! And, in order to do that, you cannot have either VTSAX or VFIAX in your Roth IRA. They are equivalent to your ETF. So, use VTWAX in your Roth IRA. Just to be clear, the OP would be perfectly fine "having" either VTSAX or VFIAX — or both — in the Roth IRA. The only constraint is o...
by KlangFool
Thu Jun 17, 2021 2:15 pm
Forum: Personal Investments
Topic: For those with bond heavy AAs...how you feeling?
Replies: 81
Views: 9068

Re: For those with bond heavy AAs...how you feeling?

HomerJ wrote: Thu Jun 17, 2021 1:44 pm
Inflation is real danger for bond funds... Not rising interest rates.
HomerJ,

It is only a problem if someone is 100% bond fund. Neither of us is in that category. So, it is not a problem.

It is a bad idea to be 100% in anything anyhow.

KlangFool
by KlangFool
Thu Jun 17, 2021 2:13 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Correct! And, in order to do that, you cannot have either VTSAX or VFIAX in your Roth IRA. They are equivalent to your ETF. So, use VTWAX in your Roth IRA. Just to be clear, the OP would be perfectly fine "having" either VTSAX or VFIAX — or both — in the Roth IRA. The only constraint is o...
by KlangFool
Thu Jun 17, 2021 1:54 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

OP, In order to TLH in your taxable account, you need 2 funds/ETF. So, for your taxable account, you should pick VTSAX/VTI and VFIAX/VOOV. To avoid WASH sale, you could pick VTWAX in your Roth IRA. Aka, total world index fund = USA + International. Then, you have no possibility of WASH sale. KlangF...
by KlangFool
Thu Jun 17, 2021 1:25 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

Vanguard 500 Index (VFIAX) is a reasonable substitute for Vanguard Total Stock Market (VTSAX) that you could use in retirement accounts to avoid any conflicts with Vanguard Total Stock Market (VTSAX or VTI) in your taxable accounts if you want to avoid any issue of wash sale conflicts. Thanks! Bwat...
by KlangFool
Thu Jun 17, 2021 12:34 pm
Forum: Personal Investments
Topic: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth
Replies: 35
Views: 1495

Re: TLH planning Q across accounts: VTI in taxable and VTSAX in Roth

OP, In order to TLH in your taxable account, you need 2 funds/ETF. So, for your taxable account, you should pick VTSAX/VTI and VFIAX/VOOV. To avoid WASH sale, you could pick VTWAX in your Roth IRA. Aka, total world index fund = USA + International. Then, you have no possibility of WASH sale. KlangFool
by KlangFool
Thu Jun 17, 2021 8:49 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 70
Views: 6593

Re: Do you have a "survival" retirement number?

OP,

No a survival number but plan B.

Move to a LCOL country and live a decent life. I would not call this as a "survival" number. It would be a pretty good life in a decent place. Instead of visiting it every now and then, live there long-term.

KlangFool
by KlangFool
Wed Jun 16, 2021 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: How taxes figure into withdrawal rate
Replies: 14
Views: 1690

Re: How taxes figure into withdrawal rate

4. Ensure I can procure decent health insurance from retirement to 65 preferably at a good rate, but even more importantly, just procuring decent coverage at any rate. I live in a state where the ACA plans are high cost, poor quality with limited networks. Last I checked almost every plan offered w...
by KlangFool
Wed Jun 16, 2021 4:03 pm
Forum: Investing - Theory, News & General
Topic: How are you preparing for inflation and higher interest rates?
Replies: 93
Views: 10566

Re: How are you preparing for inflation and higher interest rates?

It’s best to prepare for inflation when no one is worried about it. March 2020 would have been a great time. As contrary as it sounds, this is probably the best time to prep for deflation (because no one is worried about it). Horton, And, if someone is preparing for deflation, keeping a lot of CASH...
by KlangFool
Wed Jun 16, 2021 3:15 pm
Forum: Personal Investments
Topic: Hit my "number" (I think)...now what?
Replies: 103
Views: 9525

Re: Hit my "number" (I think)...now what?

OP, 1) Adjust your AA to be more conservative. Keep at least 10 years of expense in Fixed Income/Bond. Wealth preservation should be your primary goal. 2) Increase your EF to 2 years of expense. Aka, keeping 2 years of expense in CASH or CASH equivalent. 3) I am assuming that your EF is not part of...
by KlangFool
Wed Jun 16, 2021 3:10 pm
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

Bond price drop when there is an UNEXPECTED interest rate increases. Any expected and known interest rate increase will be priced into any newly issued bond and bond purchase. When you said this, did you mean that if there's an expected interest rate increase then that does not affect bond prices? ...
by KlangFool
Wed Jun 16, 2021 2:08 pm
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

I'm not talking about the future, I'm talking about right now. There is no possibility of future rates that's relevant. You're buying a bond right now, you can buy a new bond, or one from me. How does anything other than the interest rates of the two bonds affect the price you're willing to pay me ...
by KlangFool
Wed Jun 16, 2021 2:02 pm
Forum: Personal Investments
Topic: Hit my "number" (I think)...now what?
Replies: 103
Views: 9525

Re: Hit my "number" (I think)...now what?

OP, 1) Adjust your AA to be more conservative. Keep at least 10 years of expense in Fixed Income/Bond. Wealth preservation should be your primary goal. 2) Increase your EF to 2 years of expense. Aka, keeping 2 years of expense in CASH or CASH equivalent. 3) I am assuming that your EF is not part of ...
by KlangFool
Wed Jun 16, 2021 1:48 pm
Forum: Investing - Theory, News & General
Topic: How are you preparing for inflation and higher interest rates?
Replies: 93
Views: 10566

Re: How are you preparing for inflation and higher interest rates?

It’s best to prepare for inflation when no one is worried about it. March 2020 would have been a great time. As contrary as it sounds, this is probably the best time to prep for deflation (because no one is worried about it). Horton, And, if someone is preparing for deflation, keeping a lot of CASH...
by KlangFool
Wed Jun 16, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3774

Re: Roth conversion planning -- birds eye view questions

Thanks, Celia. That’s actually one of the tools I’ve been planning on using. I figure eventually I’ll get a handle on this new to me phase of life, and how to best manage the money. I’m fortunate in that my all estimations there is enough for my needs, but I don’t want to waste it , most especially...
by KlangFool
Wed Jun 16, 2021 1:08 pm
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

AnEngineer, << If I want to sell a bond to you, you'd look at the interest rate of my bond compared to what else is available at that time. >> And, whatever may be available is the new bond. Your 10 years bond is maturing in 5 years. I can buy a new bond maturing in 5 years with a higher interest r...
by KlangFool
Wed Jun 16, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3774

Re: Roth conversion planning -- birds eye view questions

Thanks, Celia. That’s actually one of the tools I’ve been planning on using. I figure eventually I’ll get a handle on this new to me phase of life, and how to best manage the money. I’m fortunate in that my all estimations there is enough for my needs, but I don’t want to waste it , most especially...
by KlangFool
Wed Jun 16, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Higher down payment vs cash out?
Replies: 4
Views: 493

Re: Higher down payment vs cash out?

OP,

1) What is 15fx?

2) Is it a recourse loan or a non-recourse loan?

KlangFool
by KlangFool
Wed Jun 16, 2021 10:05 am
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

AnEngineer, << If I want to sell a bond to you, you'd look at the interest rate of my bond compared to what else is available at that time. >> And, whatever may be available is the new bond. Your 10 years bond is maturing in 5 years. I can buy a new bond maturing in 5 years with a higher interest r...
by KlangFool
Wed Jun 16, 2021 10:02 am
Forum: Personal Consumer Issues
Topic: Refrigerator Filters
Replies: 72
Views: 3894

Re: Refrigerator Filters

Brita has the carbon filter that can only do so much to catch heavy metals. It will not filter calcium, magnesium or salt used to condition water. If you really want clean water get RO system. You can actually measure number of particles in it. In our case we use a water softener so our ppm was ori...
by KlangFool
Wed Jun 16, 2021 7:52 am
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

Folks, Bond price drop when there is an UNEXPECTED interest rate increases. Any expected and known interest rate increase will be priced into any newly issued bond and bond purchase. Ditto for expected inflation increase. Folks are paid millions to issue billions of bonds regularly. Ditto, folks ar...
by KlangFool
Wed Jun 16, 2021 7:30 am
Forum: Personal Consumer Issues
Topic: Refrigerator Filters
Replies: 72
Views: 3894

Re: Refrigerator Filters

Folks,

I drink gourmet coffee and tea. The water filter in the refrigerator is not good enough for me. I filter water with Brita water filter before I use it to make my coffee or tea.

KlangFool
by KlangFool
Wed Jun 16, 2021 6:55 am
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 7079

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

Folks, Bond price drop when there is an UNEXPECTED interest rate increases. Any expected and known interest rate increase will be priced into any newly issued bond and bond purchase. Ditto for expected inflation increase. Folks are paid millions to issue billions of bonds regularly. Ditto, folks ar...
by KlangFool
Tue Jun 15, 2021 8:57 pm
Forum: Investing - Theory, News & General
Topic: are inflation fears driving the housing market
Replies: 34
Views: 4322

Re: are inflation fears driving the housing market

OP,

For anyone that understand hyperinflation aka 50% per month like Venezuela/Rwanda, the last thing that a RICH person would want to do is to buy a house at that area. It would not be safe to live in that area.

KlangFool
by KlangFool
Tue Jun 15, 2021 8:54 pm
Forum: Investing - Theory, News & General
Topic: are inflation fears driving the housing market
Replies: 34
Views: 4322

Re: are inflation fears driving the housing market

https://www.youtube.com/watch?v=1HmGLV46L60 Just curious what people think of this? The video claims that inflation fears are driving up real estate since a 30 year mortgage is the best hedge against inflation and rich people know this. It also claims that inflation is likely to hit consumer goods ...
by KlangFool
Tue Jun 15, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3774

Re: Roth conversion planning -- birds eye view questions

What inflation factor should I be using for a potentially 37 year retirement? I used 2.6% which is suggested for a 30 year retirement. DebiT, A) Do you own your own house? How much is your property tax? A substantial portion of the official inflation rate is related to housing expense which may not...
by KlangFool
Tue Jun 15, 2021 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1295
Views: 153310

Re: "Nobody's ever regretted paying off the mortgage."

Pre or post retirement has nothing to do with it. If you pay off the mortgage, you have less money available to spend in retirement. People pretend that paying it off is somehow free- as if you have the same assets at retirement whether you pay off or keep the loan. You do not make yourself better ...
by KlangFool
Tue Jun 15, 2021 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1295
Views: 153310

Re: "Nobody's ever regretted paying off the mortgage."

Pre or post retirement has nothing to do with it. If you pay off the mortgage, you have less money available to spend in retirement. People pretend that paying it off is somehow free- as if you have the same assets at retirement whether you pay off or keep the loan. You do not make yourself better ...
by KlangFool
Tue Jun 15, 2021 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1295
Views: 153310

Re: "Nobody's ever regretted paying off the mortgage."

Pre or post retirement has nothing to do with it. If you pay off the mortgage, you have less money available to spend in retirement. People pretend that paying it off is somehow free- as if you have the same assets at retirement whether you pay off or keep the loan. You do not make yourself better ...
by KlangFool
Tue Jun 15, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1295
Views: 153310

Re: Anyone regret paying off mortgage early?

Here's my story: 2008: Age 42. retired from military with $80k of consumer debt and a $450k interest only mortgage with negative equity. No savings. Found a job making $150k / year. 2014: Age 48. Pay has increased to $500k / year. Consumer debt is now $160k. $500k mortgage with negative equity. Spe...
by KlangFool
Tue Jun 15, 2021 8:18 am
Forum: Personal Consumer Issues
Topic: Buying house 1 million at 40?
Replies: 26
Views: 3017

Re: Buying house 1 million at 40?

OP, Your gross income = 375K to 390K per year. Your annual savings before buying the house = 120k (after-tax) + 50K (401K) = 170K Assuming that your income = 390K and your taxes = 1/3 = 130K. Your annual expense = 90K. Housing expense before buying the house = 2.5K X 12 = 30K Your annual expense wit...
by KlangFool
Tue Jun 15, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: How taxes figure into withdrawal rate
Replies: 14
Views: 1690

Re: How taxes figure into withdrawal rate

4. Ensure I can procure decent health insurance from retirement to 65 preferably at a good rate, but even more importantly, just procuring decent coverage at any rate. I live in a state where the ACA plans are high cost, poor quality with limited networks. Last I checked almost every plan offered w...
by KlangFool
Tue Jun 15, 2021 7:18 am
Forum: Personal Consumer Issues
Topic: Buying house 1 million at 40?
Replies: 26
Views: 3017

Re: Buying house 1 million at 40?

OP, 1) What is your current annual savings? ~$120k post tax. 2) What is your current rent/mortgage payment? $2500 3) What would be your annual savings after buying the house? $80k 4) Do you plan to pay for your kids' college education? Yes 5) Do you plan to take a student loan for your kids? No 6) ...