Search found 9372 matches

by KlangFool
Thu Aug 16, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 426
Views: 23054

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

9 pages in. I have to ask. Has a single person changed their position having read or participated in this thread? :shock: :oops: :sharebeer bligh, 1) I did not change my position. 2) But, this thread helps me to take a look at my International stock position in order to look for TLH opportunity. Kl...
by KlangFool
Thu Aug 16, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

jharkin, <<Based on our discussions if I had the career experiences you did I would probably follow your plan as well. I just think it is too conservative to be used universally. >> But, is my experience unique and special? A lot of people lose their jobs and their houses during Houston Oil Bust, T...
by KlangFool
Thu Aug 16, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Fuji FC 440 Carbon Bike Fork and Fuji C7 Carbon Frame
Replies: 7
Views: 214

Re: Fuji FC 330 Carbon Bike Frame

A quick google search indicates that the FC330 is a fork, not a frame. You likely have a frame that comes with a FC330 fork. What's written on the frame itself? As for where to sell: Pinkbike, Craigslist, Facebook, Ebay. Bike shops can help package it up if you are shipping it. Two mistakes: 1) It ...
by KlangFool
Thu Aug 16, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Fuji FC 440 Carbon Bike Fork and Fuji C7 Carbon Frame
Replies: 7
Views: 214

Fuji FC 440 Carbon Bike Fork and Fuji C7 Carbon Frame

Hi,

My neighbor gives out his brand new Fuji FC 330 440 Carbon Bike Fork and Fuji C7 Carbon frame since he is moving away. How much does this thing worth? Do you know where I can sell this thing?

Thanks.

KlangFool
by KlangFool
Thu Aug 16, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

Re: Property tax I don’t know either, but go ahead and pay your property tax. You’ve lowered your monthly outlay from $1800 to $350ish or so using your numbers. Re: Moving to a less expensive rental Doesn’t matter either way. If you move to a new area most landlords still require you to provide inc...
by KlangFool
Thu Aug 16, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

Klangfool, I have to admit I am not sure what point you are trying to make? The point of saving money now is to have a larger amount of money at a future point in time. I guess I don’t get the point about OP’s employment status and the relevance to saving for college. OP has a plan, if for some rea...
by KlangFool
Thu Aug 16, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

I love these threads. A few things to point out: While renting is less risky than buying, some of the things KF points out as advantages for renting are not necessarily advantages, or at least, not disadvantages of buying For example: If you lost your job and needed to move to a less expensive rent...
by KlangFool
Thu Aug 16, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

[ jharkin, << Any rule, especially a rule like KlangFools would mean that the vast majority of families wouldn't buy until they hit their 40s or later. Likely the entire real estate market would collapse from lack of buyers.>> 1) Actually, that is not true. It is better for me if folks do not liste...
by KlangFool
Thu Aug 16, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

Strayshot, You are assuming that OP can afford to pay $140K for the college education in 18 years. A) If that is true, it means that OP is fully employed over that 18 years. Then, he does not have to sell anything to pay for college education. His annual saving is high enough to pay for college edu...
by KlangFool
Wed Aug 15, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

If 6% is a big deal, why 10% tax penalty is not a big deal. OP's wife will retire early at 55 years old. OP will retire at 59 years old. It is very simple. OP and his wife will retire early before the kid goes to college or during college. A) The income will drop and may qualify the kid for financi...
by KlangFool
Wed Aug 15, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?
Replies: 14
Views: 760

Re: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?

Dang... I guess I have been pretty narrow minded about home ownership. I jumped right into it because I thought it was a good idea to have your own home. I honestly did get taken aback a little bit when I realized how expensive taxes would be. Would it change anything if I decided to rent out the s...
by KlangFool
Wed Aug 15, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

unclescrooge wrote:
Wed Aug 15, 2018 7:53 pm
KlangFool wrote:
Sun Aug 12, 2018 8:45 pm

I live in the Northern VA/DC Metro area.

KlangFool
For some reason, I always assumed you lived in Phoenix. :mrgreen:
unclescrooge,

The air is too dry for me. I need more humidity.

KlangFool
by KlangFool
Wed Aug 15, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?
Replies: 14
Views: 760

Re: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?

OP, << Scenario 1. $100k down payment (no contribution from me) 15-year monthly mortgage payments + taxes + HOA = $2000/month (Would likely need a roommate to afford this) 30-year monthly mortgage payments + taxes + HOA = $1588/month>> 1) Don't buy the condo. Rent. Your monthly rental is $1,400. And...
by KlangFool
Wed Aug 15, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

So the OP originally asked whats a safe percentage, but now it seems that OP likely has a 7 figure net worth so probably any percentage is 'safe'.... Anyway, for those of us who are not FI, this is my thoughts on rules of thumb: 1 - A starting point is the conventional mortgage limit of 28%, but I ...
by KlangFool
Wed Aug 15, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 78
Views: 3528

Re: Take auto loan 0.9% if I can afford cash?

I sincerely doubt there is "No change in price whether paying by cash or loan. " No offense intended, but it sounds like you played all your cards early. There are usually rebates associated with taking in-house financing vs paying cash or outside financing. In fact, there are usually additional re...
by KlangFool
Wed Aug 15, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 78
Views: 3528

Re: Take auto loan 0.9% if I can afford cash?

I will be buying a car soon. I can afford to pay cash up front. The dealer says I’m eligible for 0.9% financing for 3 years. No change in price whether paying by cash or loan. markfaix, You should shop around. You may not be getting the best deal. In my case, the dealer pays me an extra $1,000 for ...
by KlangFool
Wed Aug 15, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

Yep, absolutely possible. I totally agree with you. CAPE model may indeed prove to be right. We absolutely could have one crazy horrible mean reversion. I'm not saying CAPE is 100% for sure wrong. I'm saying it's silly at this point to believe it is 100% for sure right. I'm saying it hasn't done a ...
by KlangFool
Wed Aug 15, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

Yep, absolutely possible. I totally agree with you. CAPE model may indeed prove to be right. We absolutely could have one crazy horrible mean reversion. I'm not saying CAPE is 100% for sure wrong. I'm saying it's silly at this point to believe it is 100% for sure right. I'm saying it hasn't done a ...
by KlangFool
Wed Aug 15, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 818

Re: College grant ( not loans ) eligibilty

I have been told by various people that if somebody has over 1MM net worth ( not including primary residence) or approx over 500K in non retirement assests then one should not expect any grants from college which are not merit based and therefore there is no need for FAFSA and the unnecessary discl...
by KlangFool
Wed Aug 15, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

It's also possible we have a very painful 26 year mean reversion. I'm not saying I think that will happen, but it's another possibility. Just because something has been above the mean for a very long time does not mean it can't still mean revert. All that said, in retirement I'm thinking about wors...
by KlangFool
Wed Aug 15, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

Please note that OP's investment is at 460K now. His wife would retire at 55 years old (14 years from now) before the kid goes to college. This may drop the income low enough that OP's kid may qualify for financial aid if the 529 does not exist. You need to check your math. OP’s wife is 32, wants t...
by KlangFool
Wed Aug 15, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

At 22% tax bracket, your tax benefits are minimal compared to putting money into the taxable account. They would save 6 percent state tax right off the bat (up to $16k annual 529 contributions) and eliminate tax on dividends and capital gains compared to taxable if the savings and earnings are used...
by KlangFool
Wed Aug 15, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 426
Views: 23054

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

If I had to guess 15 years ago we may have been at 40% International equities so our slide from 40% to 30% to 20% to 15% has been slow and gradual and not without strain. HuckFinn, Essentially, you are market timing when the US stock market is having a bull run. You are selling low (International) ...
by KlangFool
Wed Aug 15, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 73
Views: 6437

Re: Housing affordability - what is your take?

Mortgage 2x gross annual income. -The Millionaire Next Door what an insanely stupid rule. In 1996 a person making 100k and buying a 200k (20% down) house had a 1200 mortgage payment. In 2018 a person making 100k and bying 200k house (20% down) had a 763/month mortgage payment And the rule thinks bo...
by KlangFool
Tue Aug 14, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

It's also possible we have a very painful 26 year mean reversion. I'm not saying I think that will happen, but it's another possibility. Just because something has been above the mean for a very long time does not mean it can't still mean revert. All that said, in retirement I'm thinking about wors...
by KlangFool
Tue Aug 14, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Holding only VWENX for retirement
Replies: 12
Views: 1008

Re: Holding only VWENX for retirement

OP,

40% of my portfolio aka the largest portion of my portfolio is in the Wellington fund.

KlangFool
by KlangFool
Tue Aug 14, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Holding only VWENX for retirement
Replies: 12
Views: 1008

Re: Holding only VWENX for retirement

Holding one fund is a fine idea if the one fund matches your desired allocation. "Holding only VWENX" is well within the range of sanity. VWENX has a stock allocation that would be too high for me. I won't get into whether or not VWENX is preferable to a pure index fund with 60/40 allocation, the V...
by KlangFool
Tue Aug 14, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 426
Views: 23054

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

OP, If you cannot stay the course with a 3-funds portfolio, perhaps you should switch to a fund of funds. Something like a life strategy fund or target date fund. It is because of folks choose to buy high and sell low aka buying whatever on fashion now. People like me making money by buying low and ...
by KlangFool
Mon Aug 13, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

1) I believe that is the wrong question. The correct question and conclusion are we have no idea what the sequence of real return will be when we start withdrawing. So, we need a strategy that works even if the sequence of real return is not favorable. Kitces offered one. Aka, bond tent. 2) If the ...
by KlangFool
Mon Aug 13, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

OP, Why would you save for college education and contribute to 529? A) Your annual savings is high enough to pay for college education. On top of that, you have the taxable account and Roth IRA contribution. B) You are old enough that when your kids going to college, you are almost retired. C) At t...
by KlangFool
Mon Aug 13, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

For those who don't believe valuation matters, I suppose this excellent article can just be discarded. But for those who are a little bit more philosophical about how recency bias from this 10 year bull market might cloud ones thinking, the chart comparing SWR vs CAEP, is outstanding. CAEP = about ...
by KlangFool
Mon Aug 13, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3530

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

For those who don't believe valuation matters, I suppose this excellent article can just be discarded. But for those who are a little bit more philosophical about how recency bias from this 10 year bull market might cloud ones thinking, the chart comparing SWR vs CAEP, is outstanding. CAEP = about ...
by KlangFool
Mon Aug 13, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2205

Re: Portfolio Review/How are we doing?

OP, Why would you save for college education and contribute to 529? A) Your annual savings is high enough to pay for college education. On top of that, you have the taxable account and Roth IRA contribution. B) You are old enough that when your kids going to college, you are almost retired. C) At th...
by KlangFool
Mon Aug 13, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5570

Re: how much car can we afford?

Of course you can afford a $40k car. +1 OP - How is it that you make $300K/yr, have $650K in non-retirement savings, and somehow not know whether you can afford a $40K vehicle? You clearly should know the answer to this question. Of course you can. +1 Average Joe cannot make $300k a year, Op should...
by KlangFool
Mon Aug 13, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5570

Re: how much car can we afford?

If we both became totally unemployed, i think we could cut expenses down to 7k/month while continuing to pay on the mortgage. That's probably an over estimate but i'll go with that number. Right now our taxable account is 650k with about 50k worth of gains on it. So 600k can be taken tax free. If w...
by KlangFool
Mon Aug 13, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5570

Re: how much car can we afford?

He is mid 30's - he is doing great. smitcat, Almost everyone in the 30s believes that they would be fully-employed all the way until retirement age. And, they will not be affected by the economic crisis, recession, change in the industry and so on. That was my belief too. KlangFool I do not see how...
by KlangFool
Mon Aug 13, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5570

Re: how much car can we afford?

If we both became totally unemployed, i think we could cut expenses down to 7k/month while continuing to pay on the mortgage. That's probably an over estimate but i'll go with that number. Right now our taxable account is 650k with about 50k worth of gains on it. So 600k can be taken tax free. If w...
by KlangFool
Mon Aug 13, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

Around 400K, 2000 square feet townhouse. 20% down payment, 30 years fixed 3.49% loan PITI ~ $1,800 per month. Rent = $2,300 per month. KlangFool Something doesn't add up here. Mortgage: $1,475 /mo Insurance: $125/mo (est) HOA: $100/mo (est) Property Tax: $330 (est 1% of $400,000) we are already ove...
by KlangFool
Sun Aug 12, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

47Percent, If you do not think about Q2 and Q3, then, you are assuming that you are very lucky. Aka, you will never be unemployed long enough to use up all your emergency fund. Are you that lucky? No recession and/or economic will affect you adversely. <<Value of home happens partly depending on yo...
by KlangFool
Sun Aug 12, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

1) What percentage of a person's gross pay should the monthly payment be? (All inclusive - Mortgage, Principal, Insurance, HOA, etc.). My Guess : In my opinion if it is more than 25% I am buying/renting too much house. So if you are bringing in 10,000 / month gross, you can go up to 2,500/ month in...
by KlangFool
Sun Aug 12, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

So, I am asking for your opinion on the following questions to see how far off the mark I am. I am providing my answers but they are based on my gut not on any hard evidence I can back up: OP, this thread has been derailed. Let me make a very simple guide to deciding to buy a home. 1. Do you want t...
by KlangFool
Sun Aug 12, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

<<Send me a redfin/zillow link showing a 400k townhome with those specs that i can buy>> Why? You bought an 880K house. I want you to stay where you are now. I do not want more people moving from your area to spoil the market around here. I live in the Northern VA/DC Metro area. KlangFool I am skep...
by KlangFool
Sun Aug 12, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

Again re A) With those numbers, unless you're market timing, and buy a home in a sudden crash where rents haven't gone down as much, you're never going to see PITI +20-30 percent less than equivalent rent. Again, there's no rational reason to create a margin of safety which leads me to denovo, I bo...
by KlangFool
Sun Aug 12, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

+1 The only way you will be able to buy a house with PITI 20-30% discounted from equivalent rent is if the house is in an extremely undesirable and declining area. Similar to high dividend yielding stocks are often red flags and indicate the company is in decline. You'll likely have to buy in the g...
by KlangFool
Sun Aug 12, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

+1 The only way you will be able to buy a house with PITI 20-30% discounted from equivalent rent is if the house is in an extremely undesirable and declining area. Similar to high dividend yielding stocks are often red flags and indicate the company is in decline. You'll likely have to buy in the g...
by KlangFool
Sun Aug 12, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

Again re A) With those numbers, unless you're market timing, and buy a home in a sudden crash where rents haven't gone down as much, you're never going to see PITI +20-30 percent less than equivalent rent. Again, there's no rational reason to create a margin of safety which leads me to denovo, I bo...
by KlangFool
Sun Aug 12, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

B) These penalties are huge. Assuming a 25 percent marginal tax rate, the penalty would be 35 percent. Even in taxable accounts, you're looking at paying a LTCG tax rate of around 15-20 percent to pay off a mortgage. This is very bad advice. denovo, Come on. You could do better than this. If a pers...
by KlangFool
Sun Aug 12, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

+1 The only way you will be able to buy a house with PITI 20-30% discounted from equivalent rent is if the house is in an extremely undesirable and declining area. Similar to high dividend yielding stocks are often red flags and indicate the company is in decline. You'll likely have to buy in the g...
by KlangFool
Sun Aug 12, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 80
Views: 5312

Re: House Value & Mortgage as a Percentage of Net Worth

denovo, A) That is my safety margin to account for the ownership risk. B) Those folks are not going to pay my mortgage when I am unemployed. So, why should I care about what they think? My net worth guideline allows me to pay off the mortgage and move elsewhere at any time if I need to. I had survi...
by KlangFool
Sun Aug 12, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5570

Re: how much car can we afford?

If we both became totally unemployed, i think we could cut expenses down to 7k/month while continuing to pay on the mortgage. That's probably an over estimate but i'll go with that number. Right now our taxable account is 650k with about 50k worth of gains on it. So 600k can be taken tax free. If w...