Search found 381 matches

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: 5142

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: 9535

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: Investing - Help with Personal Investments
Topic: 2019 Portfolio Check Up and Direction
Replies: 2
Views: 315

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: 1529

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: 2001

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: Investing - Help with Personal Investments
Topic: Question regarding Wealth Manager
Replies: 19
Views: 1277

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: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 2909

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: 8277

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: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13123

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: Investing - Help with Personal Investments
Topic: Investing in Stocks & Property
Replies: 14
Views: 839

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: 2371

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: 3534

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: 1950

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: 858

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: 1950

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: 1284

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: Investing - Help with Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2005

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: Investing - Help with Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 2970

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: 19498

Re: Favorite Purchase of 2018?

Solar panels.
by Tal-
Fri Dec 14, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2005

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: 22070

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: Investing - Help with Personal Investments
Topic: Financially Able to Retire?
Replies: 21
Views: 3319

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: 2450

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: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1319

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: 776

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: 1052

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: 1275

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: 753

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: 3198

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: 2449

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: 879

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: 17
Views: 2030

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: 2061

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: 687

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: 5247

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: 2847

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: 2008

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: 1897

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: 481

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: 1303

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: 1363

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: 1303

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: 3334

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: 5724

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: 25992

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: 1795

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: 2970

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: 3604

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: 1564

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: 1896

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...