Search found 403 matches

by Tal-
Fri Mar 22, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 24
Views: 2060

Re: Should I ditch bonds? (Because I have a mortgage)

I'm not sure I follow your questions, so I apologize if I'm weighting in on something you didn't ask. If you have a large mortgage relative to your other assets, best practice says that you should not decrease your bond allocation to account for the mortgage. With that said, I don't view this as cut...
by Tal-
Sun Mar 03, 2019 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Vacation Experiences with Big Fam & Young Kids
Replies: 75
Views: 4254

Re: Value of Vacation Experiences with Big Fam & Young Kids

A few thoughts, based on my own experiences First and foremost, don't think of a family vacation as your vacation!!! Family vacations are for the kids, and will probably be *more* stressful for mom and dad than simply saying at home in the normal routine. With that said, finding something that young...
by Tal-
Wed Feb 27, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: What vacation travel "extras" do you find worthwhile? (and why?)
Replies: 43
Views: 4476

Re: What vacation travel "extras" do you find worthwhile? (and why?)

For us: Worth it: Food (just about anything food related) Room with a door (if with kids) Nice hotel with good value Most anything that provides time - including a taxi vs public transit. New underwear & socks Not worth it: Flight upgrades to business/first class Expensive souvenirs Cruise internet ...
by Tal-
Tue Feb 26, 2019 4:26 pm
Forum: Personal Investments
Topic: Fidelity 'managed' fee of 1.17% (retirement)
Replies: 21
Views: 1745

Re: Fidelity 'managed' fee of 1.17% (retirement)

It feels like this thread has skipped a vital question: Do you need an advisor??? If yes, using this service isn't the worlds worst idea, and a fee of 1.17% on 450K is high, but not absurd. I also feel that there's no shame in needing a financial advisor. If no, then the fee is absurd. If your answe...
by Tal-
Mon Feb 25, 2019 11:08 am
Forum: Personal Investments
Topic: Philosophical Question
Replies: 18
Views: 1471

Re: Philosophical Question

Too early.

I applaud the idea and don't object to the notion, but I think bucketing when you're still so far away from financial independence is premature. For now, save for retirement using an appropriate stock/bond allocation.
by Tal-
Fri Feb 22, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: New Job + 30 + Yearly Check In
Replies: 6
Views: 849

Re: New Job + 30 + Yearly Check In

Hey there, You're off to a great start! 1: If you can't do direct contribution to your Roth IRA, do a back door Roth contribution. You'll need to google this, but in short, you invest post-tax dollars in a traditional IRA, and then immediately convert that traditional IRA to a Roth IRA. 2: Invest in...
by Tal-
Fri Feb 22, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate / Renting far from Home 3/5 rule
Replies: 10
Views: 1127

Re: Real Estate / Renting far from Home 3/5 rule

Two things. First: Sell. Second, you asked "Is there any point where having additional leveraged debt in real estate and diversification into multiple real estate markets makes sense over additional 3 fund? if it represents X percentage vs Y?" This is a far more complicated question. Here's my take:...
by Tal-
Thu Feb 21, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 98
Views: 6097

Re: 4% SWR - how confident are you?

Assuming 75/25 and withdrawals increasing with inflation, my personal guesstimate... 3% / 30 years: 97%+ 3% / 50 years: 90%+ 4% / 30 years: 90%+ 4% / 50 years: 80% 5% / 30 years: 80% 5% / 50 years: 60% My hunch is that my guesses will be lower than what you'd find in a back-test calculator or like v...
by Tal-
Thu Feb 21, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a pay raise
Replies: 24
Views: 1818

Re: Negotiating a pay raise

Tough topic. First, understand that asking for higher pay is a high risk ask. It's not uncommon for those who ask for a higher salary to be viewed more negatively after the ask (even if they get it), which can in turn hurt long-term career growth. Second, be sure that you're justified in the ask. By...
by Tal-
Tue Feb 19, 2019 3:13 pm
Forum: Personal Investments
Topic: HSA investments questions
Replies: 19
Views: 814

Re: HSA investments questions

No, regardless of whether and how much you have invested in equities, the entire balance is available to reimburse yourself (can't exceed expenses, of course). Some advise leaving a portion of the HSA in liquid cash or other equivalent, if you expect to draw on it in the near future. Or you can inv...
by Tal-
Mon Feb 18, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Joining finances - what's easiest?
Replies: 38
Views: 2076

Re: Joining finances - what's easiest?

To disclose my own bias, I'm old school, and I don't really understand systems like this. To me, marriage is a fully-fledged partnership for life, and in that partnership, the lines between me and her blur. I no longer have possessions. Nor does she. Instead, we have possessions (and goals, and expe...
by Tal-
Mon Feb 18, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: fire buyer's real estate agent
Replies: 34
Views: 2549

Re: fire buyer's real estate agent

Hi, We ended our relationship with our realtor. This person showed us a home that we liked. We did not put in an offer because this realtor asked us to take out a bigger loan, rather than show willingness to negotiate on our behalf. I just want to confirm that we should not entertain purchasing thi...
by Tal-
Mon Feb 18, 2019 4:27 pm
Forum: Personal Investments
Topic: Ride It Out Or Not?
Replies: 18
Views: 1104

Re: Ride It Out Or Not?

No - you should keep the same asset allocation in all markets, including a bull market and a bear market. The challenge is finding the allocation today that you will be comfortable with in all of these markets. For me, it's 78% stocks. I'll be 78% stock in a recession. I'll be 78% stock in a bull ma...
by Tal-
Mon Feb 18, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: REITs Vs Rental properties Vs Index Funds?
Replies: 7
Views: 1061

Re: REITs Vs Rental properties Vs Index Funds?

Here are my thoughts to the questions that are (kind of) asked: Should you invest in Real Estate? Actually, you look like a great candidate to invest (or expand holding) in real estate. You have high liquidity, high net worth, strong stock/bond investments, and lots and lots of time. It's rare that ...
by Tal-
Tue Feb 05, 2019 7:31 pm
Forum: Personal Investments
Topic: 4 cents left in traditional IRA after Backdoor Roth
Replies: 19
Views: 1802

Re: 4 cents left in traditional IRA after Backdoor Roth

I did a backdoor Roth with Chase, but since they took long to convert from traditional to Roth, my $6,000 has already earned 4 cents. I have the same situation with Fidelity. $0.04 I'm hesitant saying this because I don't want for it to be taken as any form of advice or advocacy... But, I've had a ...
by Tal-
Tue Jan 29, 2019 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5097

Re: Saying hello and hoping for guidance

Welcome to the board. Congrats on your windfall, and in getting out of debt! Most expert guidance will say that you should put money towards your retirement first, and only fund your kids college if something is left over. This is even more true when talking about private school. I don't like saying...
by Tal-
Sat Jan 26, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you ever feel overpaid?
Replies: 72
Views: 4447

Re: Do you ever feel overpaid?

My wife has this, and it blows my mind. She is the most intelligent, and hardest working person that I know - and manages tens of millions of dollars in widgets per week. Sure, she makes good money, but she is also worth it by any internal equity, external equity, cost-to-replace, or internal value ...
by Tal-
Sat Jan 26, 2019 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21832

Re: Millionaire by 40 and How you Did it?

Lived an above average lifestyle on a significantly above average income. Started fresh out of college, and maxed contributions as soon as we could.
by Tal-
Fri Jan 25, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Should we rent out our house while renting a bigger one ourselves?
Replies: 14
Views: 1344

Re: Should we rent out our house while renting a bigger one ourselves?

I'd stay put. Or, as a plan B, I'd probably sell your current place and find a new place that fits your long-term needs. I don't especially like your plan of renting your current house with plans of doing a full rebuild in a decade. In fact, not to be rude, but I kind of hate that plan. Don't get me...
by Tal-
Wed Jan 23, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: What could I do better?
Replies: 5
Views: 817

Re: What could I do better?

Not trying to be rude, but I'm not a fan. First, I view dividend as part of the return, and not meaningfully different from appreciation. That re-frames the discussion from "take the dividends" to "take 2%." And, forgive me for being direct, but I don't think you're quite in a scenario where I would...
by Tal-
Wed Jan 23, 2019 9:16 am
Forum: Personal Investments
Topic: Inheriting a complex financial casserole
Replies: 13
Views: 1384

Re: Inheriting a complex financial casserole

Sorry for your loss. You sure inherited a complex financial casserole, but it's also possible to unravel it. Begin with the end in mind. When the dust is settled, do you want to own rental property? Farm land? Multiple savings accounts? Individual stocks? etc.? How do you want your money allocated? ...
by Tal-
Tue Jan 22, 2019 9:22 am
Forum: Personal Investments
Topic: Buy REIT or Rental Property
Replies: 22
Views: 2046

Re: Buy REIT or Rental Property

I'm an experienced landlord. Here are my thoughts. Assume that you'll use a property manager, at least for a while. That will cost 10%-15% of your rent each month. Most complaints about owning a rental property aren't true in my opinion. There are no 3AM calls for a clogged toilet (to me or the prop...
by Tal-
Mon Jan 14, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5354

Re: Took on too much mortgage, seeking advice on where to put money going forward

A few things: 1: You're fine. 2: Stop buying stuff. You have a car with a loan, furniture that you're still paying off, and a shiny new condo. As I mentioned, you're still OK, but it's time to stop buying stuff. 3: This condo is probably not a good rental. I could be talked out of this, but at first...
by Tal-
Fri Jan 11, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9790

Re: Did you ever "win" big?

I bought MoviePass stock (HMNY) at .02. So... any day now, I'll have a story for ya...
by Tal-
Thu Jan 10, 2019 3:54 pm
Forum: Personal Investments
Topic: 2019 Portfolio Check Up and Direction
Replies: 3
Views: 516

Re: 2019 Portfolio Check Up and Direction

*slow clap* Job well done! To say that you're ahead of the game is a bit of an understatement. You're simply rock'n it! Your asset allocation looks fine (aggressive, but I'm good with that). Your account balances look strong and your planned investments in 2019 look great. I also agree about your de...
by Tal-
Thu Jan 10, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com
Replies: 10
Views: 1564

Re: Mint.com

We love Mint, and I've also used it for close to a decade. A few thoughts: I long-ago moved my tracking-over-time outside of Mint. Mint is pretty good at giving a snapshot and tracking short-term trends (a few months), but is awful at tracking long-term periods. I now have a simple Word/Excel file t...
by Tal-
Wed Jan 09, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2063

Re: What are my options with the current mortgage?

Two things... First, you didn't make a mistake four years ago. Playing the 'what if' game is dangerous and non-productive. And, in this case, wrong. You have a good mortgage that is more flexible than a 15 year mortgage. While you were insecure about finances, I would argue that you made the right c...
by Tal-
Fri Jan 04, 2019 3:35 pm
Forum: Personal Investments
Topic: Question regarding Wealth Manager
Replies: 21
Views: 1669

Re: Question regarding Wealth Manager

I tend to be in the minority on this site, and tend to feel that wealth managers (or financial planners, etc.) do often provide value. The catch here, is that this wealth manager, does not appear to be providing much value... First, I don't like the advice that you're getting. MLPs are complicated. ...
by Tal-
Fri Jan 04, 2019 3:19 pm
Forum: Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 3162

Re: 5 year CDs @Penfed mature 1/22/19

SpideyIndexer wrote:
Fri Jan 04, 2019 3:13 pm
Actually they may have LOWERED their rate recently from 2.9% to 2.85%. Sorry for the confusion.
A 14 month at 2.85% is still more appealing (at least to me) than a 5 year at 3.5%. Granted, I tend to think that rates will increase steadily over the next several years...
by Tal-
Tue Jan 01, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8453

Re: Your ideal home size

Currently a family of 4. We live in a 4 bed, 2.5 bath, 2500 house. 3 car garage. Been here 8 years. Ideally, I'd like more space. We love our house and have no plans to move, and the house meets all of our basic needs well, but we run out of room for wants like a library, office, some storage issues...
by Tal-
Fri Dec 21, 2018 2:56 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13371

Re: Is anyone's portfolio not tanking???

My total net worth is down around 2% from its highs. My stock/bond is 70/30, but I'm also heavily invested in real estate, and have been contributing throughout the year. Even with the downturn, my total net worth continues to trend up on a year-over-year basis. I'm actually sleeping better at night...
by Tal-
Fri Dec 21, 2018 9:54 am
Forum: Non-US Investing
Topic: Investing in Stocks & Property
Replies: 14
Views: 880

Re: Investing in Stocks & Property

I own several rentals. Here's my take: Overall, I don't mind you buying a rental. Assuming your W2 income is significantly higher than your expenses, you seem like a good candidate to buy your first rental. I don't mind your overall level of debt, nor the ratio of debt to equity. With that said, my ...
by Tal-
Wed Dec 19, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Math: How much would you spend to repair this car?
Replies: 53
Views: 2435

Re: Math: How much would you spend to repair this car?

I'd be hesitant to put $500 into her. I wouldn't put $1000 into her.

Hope everyone is alright.
by Tal-
Tue Dec 18, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Non-budgeters: How do you handle large purchases?
Replies: 47
Views: 3616

Re: Non-budgeters: How do you handle large purchases?

I don't budget. How do I run the nuts and bolts? Well... First, always pay yourself first. Second, I keep a balance in my checking account, and keep half-an-eye on the checking account balance to ensure that it stays above that set amount. Excess money is moved over into a separate account that we s...
by Tal-
Tue Dec 18, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Loan and Buy vs Rent (already searched forums)
Replies: 33
Views: 2032

Re: Physician Loan and Buy vs Rent (already searched forums)

Your Tums comments cracked me up. :) The extra info was super helpful - thank you. There's a ton to like about your financial situation, and you're clearly off to a great start. With that said, I would suggest waiting a bit before buying. You have a wonderful outlook, and I'd even be OK with you buy...
by Tal-
Tue Dec 18, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Alaska Cruise Southbound-which deck and balcony location
Replies: 15
Views: 883

Re: Alaska Cruise Southbound-which deck and balcony location

A few things: First, when booking, I encourage you not book directly through Princess. You can get a better deal by booking through Costco. And, my favorite place to book is actually by getting an individual agent through the CruiseCompete website (Crown and Cruise-N-More tend to be two reputable op...
by Tal-
Mon Dec 17, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Physician Loan and Buy vs Rent (already searched forums)
Replies: 33
Views: 2032

Re: Physician Loan and Buy vs Rent (already searched forums)

As a general statement, I think that there should be a good reason why someone buys a house before having 20% down. There are plenty of reasons and situations where I support doing this, but I don't feel like we have enough information to make an informed decision here. I think we need more info. In...
by Tal-
Sun Dec 16, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my last rental property in major west coast city?
Replies: 11
Views: 1294

Re: Should I sell my last rental property in major west coast city?

Sell. I find a lot of faults in your logic to keeping it. The notion that you couldn't move back into the city without *this* property isn't real sound. The only time that this is true is if future property appreciation is silly-large relative to alternatives, or if you simply can't afford the trans...
by Tal-
Fri Dec 14, 2018 4:40 pm
Forum: Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2058

Re: Am I Investing Too Much?

Apologies for the lack of information. I am worried I am repeating myself. I am 30, my wife is 27. She brings home $38,00 after taxes, and I have a stipend of $26,000. We have some side stuff which brings home some extras. Conferences are my biggest expenses (we have worst case budgeted for $6,000)...
by Tal-
Fri Dec 14, 2018 4:28 pm
Forum: Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 3049

Re: Retiring next year, would appreciate some advice

First - congrats on a job well done. A few thoughts/answer: 1: The annuity vs lump sum decision is not a no brainier... and it's actually close. If you can roll that amount into an IRA and avoid taxes, I'd do the lump sum - primarily because you have a lot of life left, and that fixed monthly income...
by Tal-
Fri Dec 14, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 19855

Re: Favorite Purchase of 2018?

Solar panels.
by Tal-
Fri Dec 14, 2018 4:05 pm
Forum: Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2058

Re: Am I Investing Too Much?

Assuming Meg's post is accurate, and you make ~$65,000/year, your savings look spot-on. I wouldn't suggest changing them up or down all that much. You're doing great, just stick with it. It does get easier, I promise :)
by Tal-
Thu Dec 13, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22377

Re: What percentage of your net worth is your home equity?

Around 10% today. That's down from about 20% four years ago, and down from around 33% when we purchased 8 years ago.
by Tal-
Wed Dec 05, 2018 9:12 am
Forum: Personal Investments
Topic: Financially Able to Retire?
Replies: 21
Views: 3363

Re: Financially Able to Retire?

It sounds like you’ll need to withdraw about $350,000 (in today’s dollars) from your 401(k) until you get to your FRA to cover your expenses (in addition to your pension). At FRA, you’ll need to withdraw little or nothing from savings to meet your expenses. This is a simple post with a lot of insig...
by Tal-
Wed Nov 21, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Opinion Required
Replies: 41
Views: 2485

Re: Opinion Required

Hey Jack, Two things. First, my hunch is that you know that most of the time, the strategy that you're suggesting is a bad idea. So, if you do it, I strongly encourage you to do so with moderation, and to set aside a small percentage of your investable assets to play with while keeping the bulk of y...
by Tal-
Fri Nov 16, 2018 3:32 pm
Forum: Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1359

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: Personal Investments
Topic: 2 Questions
Replies: 8
Views: 790

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: 1069

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: 1300

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: Personal Investments
Topic: Advice for ESPP Stock Sales
Replies: 7
Views: 768

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...