Search found 325 matches

by Tal-
Tue Aug 14, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Rental House Issue
Replies: 21
Views: 2425

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: 5598

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: 5095

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: 929

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: 2180

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: 4201

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: 1514

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: 596

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: 2860

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: 2860

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: 8258

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: 8164

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: 1224

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: 632

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: 11645

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: 11645

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: 1540

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...
by Tal-
Mon May 28, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3456

Re: Cruise ships for multi-generational family

Disney will be your best bet, but is also super expensive! Royal Caribbean will be good for those who are worried about being bored. Their bigger ships have tons and tons to do. Princess and Celebrity are both great cruise lines, but are not great options for younger kids (Princess better than Celeb...
by Tal-
Fri May 25, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: should I buy or rent
Replies: 18
Views: 1346

Re: should I buy or rent

Rent.

Given your job (and location!) insecurity, I would strongly advise against buying.

Instead, rent a nice house. A much nicer place. Spent $2K a month and rent a house with a yard...
by Tal-
Fri May 25, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 million inheritance?
Replies: 32
Views: 4541

Re: How to invest $1.4 million inheritance?

First, I'm sorry for your loss. Second, congratulations on such a strong financial standing. If this money would change anything about your lifestyle, security, plans, etc., then I think that simply adding it to your allocation (using either lump sum, or 1-year DCA) is fine. But, if this money would...
by Tal-
Wed May 23, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4219

Re: Buy this home?

If I were in the Southeast or North Carolina, I would be doing what you guys are doing, buying a home for $300k :)---but I'm not, I'm in Seattle and that too for the long term. Houses for < $800K would pull us further from the better school districts, our jobs etc. I am not going to try to time my ...
by Tal-
Wed May 23, 2018 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4219

Re: Buy this home?

If I were in the Southeast or North Carolina, I would be doing what you guys are doing, buying a home for $300k :)---but I'm not, I'm in Seattle and that too for the long term. Houses for < $800K would pull us further from the better school districts, our jobs etc. I am not going to try to time my ...
by Tal-
Tue May 22, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4219

Re: Buy this home?

I think you can afford it. I don't think you should afford it. Forgive me for reading tea leaves, but it seems like a lot of people are trying to get into owning real estate now because of how well real estate has done for the last decade. And, markets which have done better, and thus are more expen...
by Tal-
Fri May 18, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 14
Views: 1534

Re: Help with Stepfather's annuity

Risin, You're doing great! I hope that I can support my mom in a like manner, and frankly, that my kids can support me this way when the time comes. Well done so far! At the age of 88 and in poor health, I would be pretty dang conservative. You commented that his finances were generally in good shap...
by Tal-
Fri May 18, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Are there any experienced real-estate people here?
Replies: 39
Views: 3962

Re: Are there any experienced real-estate people here?

I would try and sell it as-is. Typically, when putting money into a property, you want to change the type of buyer who would be interested. Upgrading from a "just want 4 walls and a roof" to the next tier (let's call it "dated but nice") is a big upgrade, and I doubt 10K will get you there. If the m...
by Tal-
Thu May 17, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 45
Views: 6766

Re: Can I afford to retire now?

OP, You've provided a really good summary of your assets, but I'm much less clear on your spending - both current and expected. How is medical factored into the 135K? How is your PITI factored into the $135K, and how will that change in a few years when you pay off the mortgage? What big expenses do...
by Tal-
Thu May 17, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 3173

Re: Urgent: escrow situation in bay area

On an annual basis, can you afford a 6K/month PITI payment, and still invest for retirement while living a life that you would be happy with?
by Tal-
Wed May 16, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 7066

Re: Mortgage decision killing me

I'm a big believe in the 30 year fixed, but I think a 7/1 is a viable alternative in your situation. For me, I like the security of knowing what my mortgage payment will be in the future, and I hate having a future bill lingering for the next many years. It's why I don't use ARMs. And, it's why I've...
by Tal-
Wed May 16, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1193

Re: Percent Confidence in Planning Scenario

The short answer: 96% is fine. No need to get to 100%. The longer answer is that these calculators inherently take an series of unknowable factors (future inflation, future spending, life expectancy, future contributions, sometimes taxes, etc.) an assumes that they are static, final, and finite. Typ...
by Tal-
Tue May 15, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I working with the wrong realtor?
Replies: 22
Views: 2816

Re: Am I working with the wrong realtor?

Your agent didn't do anything wrong. Proactively pursing a house under contract is not a good idea for anyone involved. It's not good for the seller because it can be viewed as negotiating after they have already come to terms on a contract (many sellers ask for no more showings once under contract)...
by Tal-
Fri May 11, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7272

Re: Factors Suggesting One Should Buy SPIA

Jim Otar discusses that in his book. Basically the conclusion is that annuities are most applicable in the "gray" area where withdrawals from portfolio are just able to cover expenses, say right at the infamous 4% rule. People withdrawing less don't need an SPIA and people trying to withdraw more a...
by Tal-
Thu May 10, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 30
Views: 7955

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

What role should market valuations (relative to historical norms) play in such safe withdrawal rate assumptions such as the 4% rule?
by Tal-
Tue May 08, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Young investor, any advice?
Replies: 9
Views: 948

Re: Young investor, any advice?

You're off to a good start. Props! A few thoughts: 1: Yes - transferring from EJ should be a priority. But, it's important to remember that the adviser may not be a bad guy/girl - this is simply a business decision. And, you will always be your own Chief Financial Officer. 2: Find a way to bump your...
by Tal-
Mon May 07, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Minimizing Capital Gains on Inheritance
Replies: 14
Views: 1913

Re: Minimizing Capital Gains on Inheritance

Our situation: My spouse is still working and earns about $96,500. We have one child. She has about $10,000 in qualified dividends per year; myself about $15,000. We have about $1500 in interest and $1000 in short-term gains annually split roughly evenly. The stock inheritance represents about 20% ...
by Tal-
Sun May 06, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: A company that grows 5% per year vs. a company that grows 10% per year
Replies: 9
Views: 1172

Re: A company that grows 5% per year vs. a company that grows 10% per year

(I don't understand what you're trying to learn from this thought exercise.) Can future growth ever truly accurately be priced in to the current price of the company. Nine times out of 10, it seems like the higher a company's past growth is, the more it's future growth is underestimated. You think ...
by Tal-
Sun May 06, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary/beneficial in my situation?
Replies: 21
Views: 2224

Re: Are bonds necessary/beneficial in my situation?

You're right, I've never lived through any giant correction. I can't positively say that I'll act one way or another, but I do confidently think that I'd do what the accepted "best route" is which is stay the course. I THINK that I'm almost sure I would, and can't even imagine myself doing anything...
by Tal-
Sun May 06, 2018 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary/beneficial in my situation?
Replies: 21
Views: 2224

Re: Are bonds necessary/beneficial in my situation?

First, congrats. That's an awesome financial story for a 29 year old. Hell, it's a pretty awesome story for a 55 year old... :) At first blush, I think you do need to avoid a 100% stock allocation. You're right - on average, returns are higher as you have a higher allocation of stocks (relative to b...
by Tal-
Sun May 06, 2018 2:29 am
Forum: Investing - Theory, News & General
Topic: A company that grows 5% per year vs. a company that grows 10% per year
Replies: 9
Views: 1172

Re: A company that grows 5% per year vs. a company that grows 10% per year

I think you're confusing the value of an individual stock, with a company's total value. If Company A has 10 stocks outstanding, the value of that company is $1000. That is the key number. Now, you can think of your $100 as buying 10% of the company. Note that this is true if stock price were $5, bu...
by Tal-
Fri May 04, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Property as Investment
Replies: 12
Views: 763

Re: Rental Property as Investment

I'm a big fan of real estate and own several rentals myself. But I would never (ever!) do something like this!!!! Lots and lots of reasons around this. It's complicated, with ongoing complications in taxes, decision-making, exiting, etc. It's inflexible. It confuses friendship with money with time w...
by Tal-
Wed May 02, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Are bonus and equity pro-rated at lay off?
Replies: 16
Views: 1724

Re: Are bonus and equity pro-rated at lay off?

Bonuses will rarely be paid, or pro-rated at lay off. As other mentioned, it will depend on the plan - but that's extremely rare.

I can't speak to equity.
by Tal-
Wed May 02, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Services that offer to buy your house?
Replies: 22
Views: 2637

Re: Services that offer to buy your house?

What kind of research or preparation should be done before contacting or dealing with these people? First, I want to echo the comments above. Do not sell your house in this way! There is no harm or shame in listing a fixer-upper house on the open market. Second, you asked about research. These buye...
by Tal-
Tue May 01, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Maple syrup
Replies: 59
Views: 5445

Re: Maple syrup

wilked wrote:
Sun Apr 29, 2018 7:33 am
Looks like amazon best price is $60/gal
I'd wage Costco will sell it in 50 gallon barrels...
by Tal-
Mon Apr 30, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Rental Property
Replies: 14
Views: 1140

Re: 401K vs Rental Property

I own several rentals that have treated me well. So, I'm probably bias... I think you have 3 options: 1: Pay off mortgage. This isn't typically thought to be the most efficient use of your money, but is also a guaranteed return and a big psychological win. I can't fault you for doing this. 2: Invest...
by Tal-
Fri Apr 27, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Buy or build
Replies: 21
Views: 1633

Re: Buy or build

I encourage you to spend 1 day looking at houses in the ~650K range. You most likely will not find anything that's better than your designed build, but even that would be an important data point.

Yes, you can afford to build. The question now is simply if it's the best fit (and it probably is).
by Tal-
Thu Apr 26, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11407

Re: Wedding - financial burden on couple and attendees

Pair the destination wedding with a "reception" in the hometown, after the honeymoon. This makes it easy for people who can't join the wedding to feel welcomed, gives people who can't go an "out", and lets everyone control costs. Make the reception at home super informal - Costco sandwiches at someo...
by Tal-
Thu Apr 26, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Applying for 2 life insurance policies at the same time
Replies: 4
Views: 571

Re: Applying for 2 life insurance policies at the same time

This seems like a lot of work to me. Sure - in theory - you probably control for a little bit of risk by using two companies instead of one. But the chances of that risk happening seem very small. So, this may be more of a perceived benefit than an actual one. Having two policies is also more work, ...
by Tal-
Wed Apr 25, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3793

Re: How to be a good executor to family

I'm not the OP, but I do have a related question: How transparent should you be on bad news, and how? For example, if I'm deciding person A gets something that person A and B both want, is it fair to send a single email including both with your reasoning, which may not resonate well with person B (f...
by Tal-
Wed Apr 25, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6787

Re: Who benefits from "best and final offer" on condo?

While "best and final" as described may not have ended with the highest possible sale price, it still could have been to the benefit of the sellers: 1) They have a time constraint on when they need to accept offer 2) They believe it is important to keep their implied word in terms of "best and fina...
by Tal-
Thu Apr 19, 2018 12:32 am
Forum: Personal Consumer Issues
Topic: Buy rental property out of state !
Replies: 16
Views: 1511

Re: Buy rental property out of state !

I own nearly a dozen rentals out of state. In fact, I purchased the first several in a state where I had never even been. They have treated us very well over the 5 or so years that we've owned them. If you're looking for an ABC, I'd do something like this: A: Study. Read a book or two on rentals (I ...