Search found 358 matches

by Tal-
Fri Nov 16, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1210

Re: Do I need a financial advisor?

I'll dissent a bit on this one. I think you could benefit from an financial adviser. You're facing several big questions with big outcomes. Making an informed decision on these is pretty dang important, and having an expert to work with may have merit. If you go this route, just be mindful of fees! ...
by Tal-
Tue Nov 13, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Questions
Replies: 8
Views: 737

Re: 2 Questions

So in that type of dire scenario your best bet is to pull from the equities in the taxable account even though that is going to be selling at a loss which you really dont want to be doing? Yes. Barring special circumstances, it's better to take money from a taxable account rather than an IRA. Bette...
by Tal-
Mon Nov 12, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to rent our house?
Replies: 12
Views: 1002

Re: Is it worth it to rent our house?

Sell. I'm a landlord with a handful of rentals, and I tend to be higher on real estate than others on this forum - and I'm strictly in the "don't use it for a rental" vote. A few reasons: 1-You will lose money. If rent = mortgage payment, you will lose a bunch of money each year due to vacancy, repa...
by Tal-
Sun Nov 11, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Inheritance - Lump Sum or SWR?
Replies: 13
Views: 1242

Re: Kids Inheritance - Lump Sum or SWR?

In my (limited) experience, lump sums are actually less common than large chunks. For example, our kids will get two or three large chunks of money between the ages of 18 and 30 (I actually don't remember the specifics, but it's something like that). I've never heard of anyone doing a % of assets pe...
by Tal-
Sat Nov 10, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for ESPP Stock Sales
Replies: 7
Views: 722

Re: Advice for ESPP Stock Sales

Short answer: Sell now. Longer answer: Let's take a step back and talk about philosophy. The notion of avoiding single stocks, selling ESPP ASAP, not investing where you work, not market timing, and diversification are all principles that I believe in. And, if I were to guess, I think you would agre...
by Tal-
Fri Nov 09, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use a Wealth Manager?
Replies: 26
Views: 3118

Re: Anyone use a Wealth Manager?

I think financial advisers can provide value to a lot of people. Yes - most charge an AUM in the 1% to 2% range. When you do the math (and you always should), this can get offensively high. You can find hourly financial advisers, but they tend to be crazy expensive - and I think paying an hourly rat...
by Tal-
Fri Nov 09, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2399

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

A few things: 1: I'm normally a big advocate of real estate, but IMO, you are not a good candidate for it right now. Trying to get into real estate while making other big life changes, such as school or a career change, are bad ideas. Real estate is among the more risky investments because when it g...
by Tal-
Thu Nov 01, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 845

Re: Payroll experts: prorating salary calculation gone wrong?

I'm not a lawyer, and this isn't quite what I do at work, but it's close enough... More typically, I see salaries, even annual salaries for exempt employees, tracked and calculated based on an hourly rate, based on 2080 hours/year (there are caveats to this, but they don't seem germane to this discu...
by Tal-
Thu Oct 25, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buying questions
Replies: 11
Views: 991

Re: First time home buying questions

PDX resident (Beaverton), and real estate investor on the side (mostly outside of PDX). Here are my thoughts: 1. Is it still a good time to buy in Portland suburbs area? First, if you can't commit to staying in the house for at least 5-8 years, I think that this is a full-stop. You sound optimistic ...
by Tal-
Wed Oct 24, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Mortgage or Cash?
Replies: 16
Views: 2022

Re: Buying a House - Mortgage or Cash?

I typically advocate for mortgages, but this situation feels like more of a toss-up. I'd probably lean towards paying cash, but that's predominately for simplicity. With that said, you don't qualify as a home buyer in my eyes. For me, home buying in three part check-list: financial standing, life-st...
by Tal-
Tue Oct 23, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaim inheritance to grandchild's 529 account?
Replies: 6
Views: 670

Re: Disclaim inheritance to grandchild's 529 account?

I'm not an expert, but I really don't think that you can disclaim the inheritance to your grandchild 529 account. My understanding is that when you disclaim it, the inheritance basically proceeds as if you were dead, and simply passes on to the next recipient. But, this may be a silly question, but ...
by Tal-
Mon Oct 22, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: What to do with >$1000 in Amazon credits?
Replies: 57
Views: 5204

Re: What to do with >$1000 in Amazon credits?

I keep a list of things that pique my curiosity. When I have Amazon credits, I'll scratch that itch. Sometimes the exploration yields some great results. While these are not $1000 items, they might help you come up with your own list. yubikey - Vanguard recommended raspberry pi - media center, linu...
by Tal-
Mon Oct 22, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell or rent out my bay area house?
Replies: 27
Views: 2787

Re: Should I sell or rent out my bay area house?

Sell.

I could be talked into you holding as a rental in special circumstances, but those circumstances would need to be very special...
by Tal-
Sat Oct 20, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Do Any Annuities Offer a "Free Lunch"?
Replies: 21
Views: 1964

Re: Do Any Annuities Offer a "Free Lunch"?

A few things: 1: I think your spending projections are off. I doubt that you will spend only 25K a year in retirement. That's pretty low. However, for the other bullet points, I assume that you're correct. 2: Annuities almost always return less than simple, direct investing. There are caveats here, ...
by Tal-
Tue Oct 16, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer – bonus details provided after acceptance
Replies: 26
Views: 1865

Re: Job Offer – bonus details provided after acceptance

I agree that this is a big red flag! Incentive programs typically have a target and a maximum. Without a more detailed description, you can't know if the 55% is the target or the maximum. And, even if you knew that the 55% was the target, who knows how ambitious or achievable that is. That is to say...
by Tal-
Mon Oct 08, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy this insurance policy?
Replies: 9
Views: 460

Re: Would you buy this insurance policy?

No.

I would only do this if I knew of an upcoming hospital cost. Otherwise, it's not a smart financial choice.
by Tal-
Thu Oct 04, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debt or invest?
Replies: 14
Views: 1262

Re: Pay off debt or invest?

Welcome to Boggleheads :) I actually disagree, rather strongly, with the advice above... I think you should invest 100% of this (less taxes). You didn't mention your age, but if you're 12 years into your mortgage with very little retirement savings, that means that you're probably a bit behind. Doi...
by Tal-
Thu Oct 04, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Real Estate investing - leveraging with a "BULLET" loan
Replies: 17
Views: 1324

Re: Real Estate investing - leveraging with a "BULLET" loan

I'm a real estate investor in the states. Here are my thoughts: While you're early in the real estate game, I would never consider a Bullet loan, or any type of balloon loan for that matter. Without getting lost in the details, if the deal doesn't make sense using a long-term, fixed, amortized loan,...
by Tal-
Wed Oct 03, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off debt or invest?
Replies: 14
Views: 1262

Re: Pay off debt or invest?

Welcome to Boggleheads :) I actually disagree, rather strongly, with the advice above... I think you should invest 100% of this (less taxes). You didn't mention your age, but if you're 12 years into your mortgage with very little retirement savings, that means that you're probably a bit behind. Doin...
by Tal-
Wed Oct 03, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: Cruise deals?
Replies: 47
Views: 3202

Re: Cruise deals?

A few tips: https://www.vacationstogo.com/ has a wonderful search engine, and it where I go to get a general feel for what trip I want to take and how much it will cost. Once you know that... www.cruisecompete.com will help you find the best price, and they have always been lower than vacationstogo....
by Tal-
Tue Oct 02, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5569

Re: Landlord wants to raise rent, but is asking if he can?

This is one of those situations where keeping the great relationship is just as important as the outcome of the negotiation... First, I'd wager money that it is things like inflation, market rents, property taxes, etc. that are driving the increases in rent. Economics say that a rental is worth X - ...
by Tal-
Wed Sep 19, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25535

Re: What is your single most expensive mistake?

My biggest mistake???

Well, I just bought $250 of HMNY (MoviePass). So, give it a week, and I'll have a good answer for ya.
by Tal-
Mon Sep 17, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life Insurance
Replies: 30
Views: 1772

Re: Whole Life vs Universal Life Insurance

For 99% of the population that needs life insurance, a simple term policy is the best bet. You're right that whole and universal policies act as both an investment and as life insurance, but they aren't very good at either. By way of example, if a whole life policy was 2000/year for 150k payout, you...
by Tal-
Fri Sep 14, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2924

Re: Picking a Charity

Several thoughts about how to give efficiently. 1: Try and find a way to give consistently. Pick 1-4 charities and give on a pre-set schedule. These enable charities you give to to make better business decisions, and limits resources spent by other charities trying to woo you. 2: Always consider giv...
by Tal-
Wed Sep 05, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: Investment Books
Replies: 47
Views: 3506

Re: Investment Books

Best book I ever read: Personal Finance for Dummies, 1993 edition. I swear, that book laid the groundwork for so much great stuff. This book was a great one for us! My father in law got this for my wife as she was graduating college. I still remember her opening it and looking at him as if to say "...
by Tal-
Thu Aug 30, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Term Life Insurance?
Replies: 17
Views: 1532

Re: Do I need Term Life Insurance?

Do you need it? Probably not. You've done great, and have a good nest-egg. If you die today, your family is probably fine.

Would I suggest you get it? Yes! For a few hundred a year, you can change that "probably fine" to an "absolutely fine". You don't need to pinch pennies, so I wouldn't.
by Tal-
Tue Aug 28, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of vacation club contract
Replies: 10
Views: 1877

Re: Getting out of vacation club contract

I'm honestly surprised that the option to "just stop payment" has gotten so much consideration. I have no clue what the likely outcome of stopping payment would be, but the worse case scenario is pretty freaking awful, and includes collections, harassment, lawsuit, additional fees, etc. Maybe stoppi...
by Tal-
Mon Aug 27, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Real Estate sale question. Reasonable offer expiration time period?
Replies: 15
Views: 670

Re: Real Estate sale question. Reasonable offer expiration time period?

I wouldn't sweat it. All realtors have a slightly different process, and use different tactics and verbiage to handle multiple offers, incoming offers, other agents, other agents' clients, and so on. And, perhaps more importantly, they will involve the seller in micro-decisions to various degrees. I...
by Tal-
Mon Aug 27, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: LLC for one rental property?
Replies: 28
Views: 2360

Re: LLC for one rental property?

OP. You understand that without an LLC your personal assets are at risk in the event you have liability arising from the rental that is in excess of your insurance coverage, or is not covered by your liability policy or policies ( if you have a unique set of facts that result in liability, perhaps ...
by Tal-
Wed Aug 22, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or hold for housing crash in Bay Area CA
Replies: 27
Views: 3130

Re: To buy or hold for housing crash in Bay Area CA

Obviously, opinions will differ. But, you can count me as a "No, No, and No!!!!" vote. I have a few reasons: 1: SALT 2: Increasing interest rates 3: Stretched price-to-income ratio makes me think that housing levels here are not sustainable. 4: I tend to avoid investments that have spiked in previou...
by Tal-
Tue Aug 21, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: No income this year - Should I take capital gains?
Replies: 13
Views: 1088

Re: No income this year - Should I take capital gains?

A follow-up and hypothetical question. Assuming I have zero income for the year, but massive long term cap gains (say $1M), could I really I take that $1M tax-free? lmao.. no, the cap gains is included in your income and the cap gains rate is tiered. Whew! I found some calculators that suggested ot...
by Tal-
Tue Aug 21, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: Oversimplifying expected return on rental properties
Replies: 12
Views: 1179

Re: Oversimplifying expected return on rental properties

With my rental properties, I'm real real hesitant to project long-term returns. With that said, I think the returns that you listed are about right. In year one, if I put 20k down on a 100k house at 5% interest and 3k sunk costs, my debt paydown in year 1 will be ~1200. 1200/23,000 = 5.2%. Longer-te...
by Tal-
Tue Aug 21, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: No income this year - Should I take capital gains?
Replies: 13
Views: 1088

Re: No income this year - Should I take capital gains?

A follow-up and hypothetical question.

Assuming I have zero income for the year, but massive long term cap gains (say $1M), could I really I take that $1M tax-free?
by Tal-
Tue Aug 14, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Rental House Issue
Replies: 21
Views: 2648

Re: Rental House Issue

I'm sorry that this hasn't treated you poorly. While early terminations are pretty common, I'm aghast at the property manager (PM) taking such liberties, and apparently putting the interests of the tenant before yours as the owner. That's bad juju, and parting ways with the PM is a good idea. Good P...
by Tal-
Thu Jul 26, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 5925

Re: Moral dilemma - What would you do?

A few thoughts: 1: This feels pretty common. I work on the Corp side, but I can't tell you how many times I've been promised, or had something implied that simply didn't happen. 2: When it comes to numbers, there's a big difference between framing them in a misleading way (different graphs, only som...
by Tal-
Thu Jul 19, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 104
Views: 5524

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

I don't know squat about wrist watches, so I'd like to ask some questions before responding: 1: What do you think will happen to their value over time? Will they keep pace with inflation? Better? 2: How liquid are they if you wanted to sell? How much would it cost you to sell them? Are there a lot o...
by Tal-
Sun Jul 15, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Grade my portfolio please, newbie here
Replies: 9
Views: 1005

Re: Grade my portfolio please, newbie here

I like it. You could leave it as-is and be in great shape. But, you asked for some thoughts, so here's my two cents: I don't mind i, but are you sure that you're good with a 55/25/20 allocation? That's aggressive, and will have a lot of volatility between now and retirement. If you can handle that v...
by Tal-
Thu Jul 12, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Real Estate Investment: Yay or Nay?
Replies: 27
Views: 2319

Re: Real Estate Investment: Yay or Nay?

No. No No No.

With $1000/mo in rent and a $251 HOA, I would need to pay around $100K for it to be a viable investment - and even that is high for some people.

But, don't get lost in the details. This one is not even close to making sense.
by Tal-
Mon Jul 09, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4453

Re: Tipping in a hotel room/cruise ship room

I'm apparently a bit of a hypocrite. I consider myself a good tipper, but I don't tip hotel housekeeping. After reading this thread, that will change, and I'll start leaving 2-3 for each time we let them in. For a cruise, the norm is to tip your room steward and wait staff at the end of the cruise. ...
by Tal-
Mon Jul 09, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Home Rental application questions
Replies: 12
Views: 1599

Re: Home Rental application questions

Landlord with a few properties, and experience with a handful of property management companies. 1: No - I've never asked for tax returns, though as denovo mentioned, I'd be open to doing so if pay stubs did not show adequate income. 2: A credit check is a credit check, meaning a landlord uses the sa...
by Tal-
Sun Jul 08, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Switch to active management from buy and hold
Replies: 8
Views: 678

Re: Switch to active management from buy and hold

To clarify, was the adviser suggesting that you have a financial adviser who provides you personal service, and may help with you actively managing your asset allocation, or was the adviser suggesting that you sell index funds and replace them with actively managed mutual funds?
by Tal-
Thu Jul 05, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Just divide what you've got by what you'll spend??
Replies: 21
Views: 3037

Re: Just divide what you've got by what you'll spend??

And regarding inflation, I'm not sure I'm avoiding it, but rather just assuming investments grow at the same rate as inflation. Another big caveat, I know! Actually, if your rate of return exactly equaled spending inflation, the spending/money calculation would actually be off by 5%-20%. Assume I h...
by Tal-
Wed Jul 04, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Just divide what you've got by what you'll spend??
Replies: 21
Views: 3037

Re: Just divide what you've got by what you'll spend??

I'm not a fan. Obviously, retirement planning has both known unknowns and unknown unknowns. That is to say that I would agree that it's not feasible (nor possible) to consider everything in a retirement plan. But, ignoring some of the known factors, such as inflation, is ignoring a known factor that...
by Tal-
Mon Jul 02, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8912

Re: Any Boglehead powerlifters?

I really dig Crossfit and do that 4-5 times a week, and have done that for 2-3 years. Age: Late 30s PBF: 17% (a bit higher than I like, but still in a healthy range) Press: 115 Squat: 245 Clean: 205 Dead: 385 Clean and Jerk: 185 I was just better than the 50th percentile for all men participants in ...
by Tal-
Sun Jul 01, 2018 12:28 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8684

Re: What % of your equity is int’l?

Around 30%. Though, I'm tempted to increase that greatly...
by Tal-
Fri Jun 29, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords- How Many Months of Expenses Do You Keep?
Replies: 8
Views: 1285

Re: Landlords- How Many Months of Expenses Do You Keep?

It's commingled with my personal emergency fund, meaning in aggregate, it is probably larger than it needs to be (a good problem to have). Right now, I add around $20k to the emergency fund to cover rentals. This feels about right to me. And while each situation is unique, I would never ever (ever!)...
by Tal-
Tue Jun 12, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: paying off rental property?
Replies: 9
Views: 745

Re: paying off rental property?

This looks like a good time to sell. A few things: 1- You commented that you don't want to be a landlord any more. That's a fine decision. 2 - The property is probably not a good long-term investment. 3 - This is not a big portion of your income. If you were making 50K a year, I would be more concer...
by Tal-
Fri Jun 01, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for upcoming $3M windfall
Replies: 60
Views: 11976

Re: Strategy for upcoming $3M windfall

Not sure if I was clear on that, but I exercised more than a year ago, so it's in LTCG now. If my calcs are right, the difference in tax between selling it all this year and splitting it over 2 years would be ~$27K. And the difference between splitting over 3 years is ~$55K. Not insignificant, but ...
by Tal-
Thu May 31, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for upcoming $3M windfall
Replies: 60
Views: 11976

Re: Strategy for upcoming $3M windfall

Hey there, Thanks for coming back and giving us an update. I often find the updates very insightful - so thank you for doing this :) Here are my comments: 1) Do I sell it all this year, incurring all the cap gains tax at once or split it over 2 years? The income subject to LTCG would be about $1.4M,...
by Tal-
Tue May 29, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Help review this 1 million portfolio & our spend planning?
Replies: 5
Views: 1600

Re: Help review this 1 million portfolio & our spend planning?

You're off to a great start. Congrats!!!! A few comments: 1: That's probably too conservative as a long-term AA, but if the $1M is new money, and you want to avoid a mistake, I'm OK with this for a year. So, my preference would be to get more aggressive with the money, but if you really want the sec...