Search found 19 matches

by WestTechsan
Fri Mar 03, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt - vanquished!
Replies: 19
Views: 2011

Re: Student loan debt - vanquished!

Congratulations OP! I recall how good it felt getting our students loans paid off early, celebrate the achievement.
by WestTechsan
Tue Jan 17, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Put all your eggs in the market?
Replies: 11
Views: 1318

Re: Put all your eggs in the market?

Also, no prior experience with rental properties. I've talked to a number of people who have lost money on rentals, and a number of people who have done well with rentals. I'm willing to dip my toe in the water to give it a shot. This presents as sort of a turnkey proposal, in that I'd leave the pro...
by WestTechsan
Tue Jan 17, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Put all your eggs in the market?
Replies: 11
Views: 1318

Re: Put all your eggs in the market?

VaR - the property manager manages houses for a number of clients in addition to his personal houses. One of his clients has decided to liquidate his holdings. The bundle of houses (less than 15) is located in the Dallas area. I don't know the property manager that well but one of my long time partn...
by WestTechsan
Tue Jan 17, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Put all your eggs in the market?
Replies: 11
Views: 1318

Re: Put all your eggs in the market?

Nisiprius, I misspoke, when I said market I meant some combination of equities and bonds. Lafder, we do hold cash for an EF and future vehicle purchases. We're looking at an opportunity to purchase a bundle of rental properties at a wholesale price. Properties are currently being managed. The proper...
by WestTechsan
Tue Jan 17, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Put all your eggs in the market?
Replies: 11
Views: 1318

Put all your eggs in the market?

How many of you put 100% of your money into the market? We are close to 100% in the market but I've been contemplating getting into the rental property business to diversify. I suspect most Bogleheads are 100% (or close to it) invested in the market, curious as to what those who are not are doing as...
by WestTechsan
Sun Jan 08, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3583

Re: Relocation to the Dallas, TX Area

I'll echo other comments that it could be tough to find what you're wanting at your price point, even raising the budget to $300K. We moved to Frisco 1.5 years ago, love it, would highly recommend it considering your work location. Plano and Allen are fine communities, we chose to look elsewhere bec...
by WestTechsan
Thu Jan 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1220

Re: Calculating Effective Tax Rate

Appreciate the info and thoughts folks. We have confidence in our current CPA but recently sought a second opinion from another well recommended CPA, he said our current guy is doing a good job and he would make little to no changes. That made my wife feel better, perhaps more confident in our curre...
by WestTechsan
Thu Jan 05, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1220

Re: Calculating Effective Tax Rate

Why do you want to calculate effective tax rate? Knowing the purpose for which you're doing the calculation would help inform a useful answer. Good point. My wife runs an MLM from the house and has had the good fortune of doing very well with it. She is considered to be one of the "top earners...
by WestTechsan
Thu Jan 05, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1220

Re: Calculating Effective Tax Rate

dbr, I posted the question because online sources identify both as the method to use. I understand it essentially boils down to what is the purpose of the calculation, my interest was piqued because I've always calculated it using gross income but got into a spirited discussion with a fellow who ins...
by WestTechsan
Thu Jan 05, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1220

Calculating Effective Tax Rate

This has probably been discussed before, but what is the more common/preferred method of calculating one's effective tax rate, tax owed divided by gross income, or tax owed divided by taxable income?
by WestTechsan
Tue Oct 11, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: 30 yr mortgage, but pay like a 15 yr?
Replies: 55
Views: 6923

Re: 30 yr mortgage, but pay like a 15 yr?

We bought a new house last summer. Struggled with the decision of a 30 v 15 mortgage but went with the 30 year note for the reasoning supplied in the OP's post, that being we can pay extra every month but if our finances took some sort of hit we could scale the payments back to the minimum. We're on...
by WestTechsan
Tue Oct 11, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Investment
Replies: 6
Views: 656

Re: SEP IRA Investment

Solo 401K does not have "substantial recurring" contributions. I'm guessing you saw that when reading about early withdrawals. Solo 401K is easy to set up, and many folks here use it because they can put more in their retirement account than allowed with a SEP IRA. The max is $53,000 per ...
by WestTechsan
Fri Jul 15, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Celebrating (negative) net worth milestone
Replies: 6
Views: 1150

Re: Celebrating (negative) net worth milestone

Law school debt can significantly slow you down at the start of your investing career, but one hopes the investment is worthwhile. My wife and I started out with over $80K in student loans, most of that attributable to my law degree. Took us about 10.5 years to pay it off, we didn't get real serious...
by WestTechsan
Fri Jul 08, 2016 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 4207

Re: Building a (taxable) Bridge to Retirement

We are trying to do the same thing. Our retirement account options include my firm's 401k and the two SEP IRAs we contribute to from my wife's home based business. My firm ended any matching in the 401k 3+ years ago, and 2 years ago they stopped the annual profit sharing contribution. Around that ti...
by WestTechsan
Tue Jun 28, 2016 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Clark Howard - Whole Life
Replies: 7
Views: 1325

Re: Clark Howard - Whole Life

I've previously done a little research on how whole life can be used to reduce tax liability but didn't find much helpful information. How exactly does it work?
by WestTechsan
Tue Apr 19, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 13411

Re: What are Pros and Cons to the "Four Hour Workweek?"

You are sure this guy is not into MLM right? Usually people do many of those 20+ and in the end its a scam for everyone except for the one person who started the MLM Not always the case. My stay at home wife did a couple of MLMs and never made any money. She then started a third three years ago and...
by WestTechsan
Fri Apr 15, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for guidance
Replies: 4
Views: 492

Re: Looking for guidance

Sesq, appreciate the recommendations.
by WestTechsan
Tue Apr 12, 2016 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for guidance
Replies: 4
Views: 492

Re: Looking for guidance

Andy, not sure on the EF money market rate although I know it's well under 1%.
by WestTechsan
Tue Apr 12, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for guidance
Replies: 4
Views: 492

Looking for guidance

Been reading this site for some time, first time to post. Seeking opinions on breakdown of taxable versus retirement accounts. -I am 39, wife is 38 -3 kids ranging from 5 to 9 -We file a joint return, effective tax rate for 2015 was about 30% -Live in Texas - no state income tax -Emergency fund is $...