Search found 194 matches

by a_movable_life
Mon Aug 03, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?
Replies: 41
Views: 3546

Re: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?

So who is doing the repairs? Either swinging a hammer or being on the phone with the contractors, the property manager, the cleaning person, the realtor, or the Airbnb "Guest." Who is going to drive up there if you need to "Put eyes on the situation." One person generally is the "point person" and m...
by a_movable_life
Sun Jul 26, 2020 1:55 pm
Forum: Personal Investments
Topic: Is my company’s 401k plan squeezing my colleagues and myself out of more favorable returns?
Replies: 28
Views: 2640

Re: Is my company’s 401k plan squeezing my colleagues and myself out of more favorable returns?

BolderBoy wrote:
Sun Jul 26, 2020 10:37 am
AnEngineer wrote:
Sat Jul 25, 2020 8:21 pm
Firing someone for organizing to improve working conditions? Pretty clearly illegal.
For a probationary employee that is not the reason they would give.
"Poor Fit"
"Argumentative"
"Difficulty interacting with senior management appropriately."
by a_movable_life
Sun Jul 26, 2020 7:23 am
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6103

Re: Everyone's a Day Trader Now (WSJ article)

I definitely have some feelings of having missed out since March. There are a lot of people around me talking about their "Big gains." Quite a few in the FIRE boards talking about how their tech stocks have put them over their "Number." Happy for them of course. In some ways it feels like '98 in tha...
by a_movable_life
Tue Jul 21, 2020 7:03 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from taxable brokerage for down payment
Replies: 7
Views: 631

Re: Withdrawing from taxable brokerage for down payment

Wouldn't you want the most long term gains so they are taxed less at the end of the year?

I know the CG rate stacks on other Ordinary income but I have really struggled with understanding it.
by a_movable_life
Thu Jul 16, 2020 6:33 am
Forum: Personal Consumer Issues
Topic: Advise required on Dehumidifier for unfinished basement
Replies: 32
Views: 1313

Re: Advise required on Dehumidifier for unfinished basement

A circulating fan can help also instead of getting a second or third unit. Especially if you have a long space to get the air from one end to the dehumidifier.
by a_movable_life
Mon Jun 29, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Tools for On-Line Auto Troubleshooting?
Replies: 4
Views: 213

Re: Tools for On-Line Auto Troubleshooting?

There may be a Facebook group for your specific model.
by a_movable_life
Thu Jun 25, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Navigating tight housing markets
Replies: 30
Views: 2026

Re: Navigating tight housing markets

I have younger friends in NYC, they are competing in similar situations. Several times they have wanted to look at a home and it is pending contract or under contract before they can get there on the weekend to see it. I think many people are looking for a place to be out of town before the second w...
by a_movable_life
Mon Jun 22, 2020 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Getting pretty desperate to own some real estate...
Replies: 29
Views: 3378

Re: Getting pretty desperate to own some real estate...

It is a bit more complicated than that. Even here is Atlanta which would fit the Flatland model there are different parts of town that are more like the Zoneland model and have gone up in price a fair amount. The problem is that out in suburbs you can expand and build new housing which keeps the pr...
by a_movable_life
Mon Jun 22, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Getting pretty desperate to own some real estate...
Replies: 29
Views: 3378

Re: Getting pretty desperate to own some real estate...

I would actually add a third: Financeland. Cities where global capital has come to rest as a "safe" haven, producing valuations that defy all conventional multiples of income, rental value etc. Vancouver number one. Toronto. Miami w all its Latin American & European money on a city that is literall...
by a_movable_life
Mon Jun 22, 2020 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Getting pretty desperate to own some real estate...
Replies: 29
Views: 3378

Re: Getting pretty desperate to own some real estate...

Basic info and finances: Married, no kids, late 30s. Roughly 500k in 401ks, 100k in Roth IRAs, and 200k in cash. Combined income of about 200k. We live in a VHCOL area (SF Bay Area). I've been really getting desperate to own some real estate, primarily as a way to diversify my holdings a bit and al...
by a_movable_life
Sat Jun 20, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10447

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

EddyB wrote:
Sat Jun 20, 2020 9:09 am


Don’t take this personally, but in my experience, avoiding the headache of dealing with people who characterize something like this as “outrageous” is likely to be worth whatever potential negative impact there is to a (non-desperate) seller who is still occupying the house.
PITA filter.
by a_movable_life
Sat Jun 20, 2020 8:09 am
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10447

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

Has anyone else run into this? It is not a COVID thing as suggested above. It has been around for a long time and maybe is just becoming more popular due to COVID. Having been through selling my house before, I can tell you it is a lot of work and hassle to have to make sure your house is presentab...
by a_movable_life
Fri Jun 19, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

"But now Schedule C can get 100% forgiven based on compensation and not expenses. So the deductions shouldn't matter anymore... right?" I was referring to how aggressive some accountants and small businesses are with taking deductions. Like trying to write off a Rolex because you need a watch to do ...
by a_movable_life
Fri Jun 19, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

That is the thing for a sole proprieter this is owner compensation replacement and not wages/pay. There is no pay schedule unless you artificially create one. "Disbursement" is when you recieve it from your bank and your covered period begins. Some people are setting up an artificial payroll type s...
by a_movable_life
Thu Jun 18, 2020 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

You can delay it a little bit if you have a twice a month or bi-weekly pay period. You can choose the “alternative” option and start the loan at the first pay dispersal instead of the first day funds were received. But with the new 24 week option I don’t know if that matters as much. That is what p...
by a_movable_life
Thu Jun 18, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

Okay makes sense. As a sch C with no employees it seems there is no reason to choose 8 weeks. Although I suppose it would prevent me from claiming unemployment until the 24 weeks is up? This is the consideration I have right now. I am receiving the $600 FPUC in addition to my state's UI and should ...
by a_movable_life
Wed Jun 17, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

jjface wrote:
Wed Jun 17, 2020 4:27 pm


Okay makes sense. As a sch C with no employees it seems there is no reason to choose 8 weeks. Although I suppose it would prevent me from claiming unemployment until the 24 weeks is up?
This is the consideration I have right now.
by a_movable_life
Wed Jun 17, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

At this point, my understanding is that PPP forgiveness will be reduced by any EIDL advance funds. Is there really any point in applying for EIDL at this time? Your understanding is correct. If all you want is the advance (not the loan) I don't see any reason to apply since the $1k you get will red...
by a_movable_life
Wed Jun 17, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 323
Views: 23126

Re: Optimizing PPP Forgiveness

At this point, my understanding is that PPP forgiveness will be reduced by any EIDL advance funds. Is there really any point in applying for EIDL at this time? Your understanding is correct. If all you want is the advance (not the loan) I don't see any reason to apply since the $1k you get will red...
by a_movable_life
Wed Jun 10, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 160
Views: 9716

Re: New construction house - what to consider?

You can cap the conduit for now, and when in use, seal around the wires with spray foam.
by a_movable_life
Wed Jun 10, 2020 8:14 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 160
Views: 9716

Re: New construction house - what to consider?

Water faucets on the outside near where you are going to use them. If you wash your own car (or dogs) then by the garage is a nice feature and they sell hot/cold water outdoor spigots. Extra lighting in the garage if you wrench on things is helpful. Some high end houses they are putting a bathroom f...
by a_movable_life
Tue Jun 09, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Asked to be a trustee
Replies: 30
Views: 2046

Re: Asked to be a trustee

I've had a few patients where the family member is the trustee. I agree that nobody is going to look after your family member like you will. It can change the relationship because now you could be the one who "Is keeping me from my money." Even though they would lose their benefits if they ever got ...
by a_movable_life
Mon Jun 08, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: What would you do? [After FI, start again or do something different?]
Replies: 12
Views: 1348

Re: What would you do?

I cannot work for free or volunteer, just the mind of a for profit businessman. I love volunteering despite knowing I could get paid for my services. There's something about being able to magnify the tremendous gifts I've been given that really works for me. I don't expect everyone - or anyone, rea...
by a_movable_life
Mon Jun 08, 2020 8:13 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 447
Views: 25044

Re: What fun car should I get in the $150k - $200k range?

Sounds like you are not 100% on this purchase and are still considering it. So here's my advice: If you want to drive fun or exotic cars, there are many easy and efficient ways to do so. (200K will go a long way) 1) You can join a car club where you pay for membership and "carshare". 2) You can ren...
by a_movable_life
Fri Jun 05, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6731

Re: Seller breach of contract on home. I need advise.

What does your realtor say? You have a professional handling things, right? A seller who’s willing to bail over a $3500 difference either knows they can quickly sell it to someone else, or they’re so sick of trying to deal with a difficult buyer that they’re willing to take the risk of relisting. I...
by a_movable_life
Thu Jun 04, 2020 9:04 am
Forum: Investing - Theory, News & General
Topic: solo 401k / new employee payroll - options
Replies: 5
Views: 254

Re: solo 401k / new employee payroll - options

"Possible and legal to form a shell company..." You are going to want better and more qualified advice from an expert. I'm going to guess someone has tried this. In particular high earners who want to get 20% into their I401K's without having to give their employees the same deal. The 401k law/rules...
by a_movable_life
Sun May 31, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10421

Re: Simple jobs during FATFire?

- teaching your neighbors to operate their fancy new flying cars (obviously, some are perhaps not completely serious suggestions) My MD manager an owner of two practices got the new Jag SUV with all the features. He told me part of the buying process is a man comes to the home and shows how to use ...
by a_movable_life
Fri May 29, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Is investing in NYC condo even a good investment???
Replies: 12
Views: 1062

Re: Is investing in NYC condo even a good investment???

Also do you live in NYC? Are you going to do the showing? Are you getting a PM? Most condo/coop buildings will not let you do any work on the unit yourself. Anything. So you are going to need "A guy" for that. That person will need to have insurance, etc. There may also be a "Lease reviewing fee" or...
by a_movable_life
Wed May 27, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: "Vacation" Home as First Home Purchase?
Replies: 14
Views: 1544

Re: "Vacation" Home as First Home Purchase?

Many vacation area condo complexes put a limit on rentals, or make you use their office to do the rentals.
by a_movable_life
Wed May 27, 2020 8:04 am
Forum: Personal Consumer Issues
Topic: Installing window AC without accordion side panel
Replies: 17
Views: 1209

Re: Installing window AC without accordion side panel

You could get a sheet of insulation foam at home center. Cut to size and paint same color as window is painted. This is a great solution. It will also keep the cold air in better. Also wasps out. I've always had wasps get in with those "Window rattler" accordions. I was going to suggest extra wide ...
by a_movable_life
Sat May 23, 2020 7:09 am
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 7940

Re: NJ property taxes too high. What are my alternative states?

Yes NJ, MD, PA all have inheritance taxes. I as a single guy NJ would have gotten 15% if I had died there. "How Ya Doin!?" https://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/o10c.pdf It really depends on how much you want to see the Grandkids. The teens will be super busy and then...
by a_movable_life
Thu May 21, 2020 6:02 am
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6543

Re: Alternatives to Craftsman Tools

Most Tools: Proto, SK (also: Williams, Wright, KTC, but I haven't used them personally) Generally, non-pros should skip the tool truck brands. You're paying for the truck service (which is useless to a homeowner not on the truck route). But I do have an ebayed Snap-On ratchet that's awfully nice......
by a_movable_life
Wed May 20, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4204

Re: Vault Safe in the attic; welded, anyone ?

Enjoyed this post and the answers immensely. To pile on: Just put the gold in any kind of small box in the corner of the attic. Ideally a dusty box. Write "kid's report cards" or "family reunion" on it and call it a day. If they are searching through old boxes in your attic then you are either some...
by a_movable_life
Wed May 20, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4204

Re: Vault Safe in the attic; welded, anyone ?

Sandtrap wrote:
Mon May 18, 2020 9:32 pm
Shallow wall safe full height in the wall behind the frig?
I would have never thought to look there!
by a_movable_life
Mon May 18, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 28
Views: 3249

Re: How to respond to poor life decision affecting job

I think you believed somehow that HR was something other than employee back stabbing liars. Hopefully, now you've learned. HR could be renamed "Management Spy" and the title would then more accurately define their role. Never, ever think they're on your side, even a little bit. I learned this mysel...
by a_movable_life
Fri May 15, 2020 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Email from Vanguard [for a Retail Investor Group consultation]
Replies: 33
Views: 3478

Re: Email from Vanguard

Schwab and Chase have called me also. I'm a lot lower NW than most of the people on the board.
by a_movable_life
Wed May 13, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3608

Re: Companies that have a pension and 401k?

Some non profits and stage agencies with a 403B/457 and a Pension.
by a_movable_life
Wed May 13, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 198
Views: 9226

Re: Should we create a testamentary trust for $6M estate?

As someone else has said, getting the money at 65 has a lot less effect then at 20, 25-35, or 45-55. I'm not sure that this is always true. We all know folks who spend everything (and more) that they can get their hands on their entire lives, and reach 65 with nothing but Social Security (hopefully...
by a_movable_life
Wed May 13, 2020 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 198
Views: 9226

Re: Should we create a testamentary trust for $6M estate?

I've had patients who were not competent to hold money from an estate. Either because of severe mental illness or addiction problems. The trust was administrated by a competent sibling or family member. Some of them knew the money was there but that their sibling was "Keeping from getting it" so tha...
by a_movable_life
Tue May 05, 2020 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Moving from High taxed state to no income tax state
Replies: 44
Views: 3170

Re: Moving from High taxed state to no income tax state

My current state from which my employer is leaving, does indeed have high taxes, but when you retire, they exempt part of pension and IRA/401k income from taxation, exempt all SS income and one can get a partial reduction of our high property taxes from the state once your income drops. So the diff...
by a_movable_life
Tue Apr 28, 2020 5:59 am
Forum: Personal Investments
Topic: Brighthouse Shield Annuity Pitched to Parents - check my work?
Replies: 23
Views: 1626

Re: Brighthouse Shield Annuity Pitched to Parents - check my work?

From what you say it sounds like your annuity offers 25% downside protection ("when the market is down 30% - the people in this annuity have only lost 5%"). I'm going to guess that with people scared, the salesmen are going to be out trying to sell more of these. "You could lose the rest of your ne...
by a_movable_life
Fri Apr 24, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10244

Re: physician/APC pay cuts

Yes. Nurses get it worse since MD's bill and bring money and patients in. Nurses are a straight up cost that happens 24/7 and needs employee benefits.
by a_movable_life
Fri Apr 24, 2020 5:51 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10244

Re: physician/APC pay cuts

Nurse here.... If they fire you, don't they have to pay their share of unemployment? Sounds to me like hospitals want their cake and eat it to. They just tell us to stay home. Use your vacation time or go without pay. In the end for me it's like a 25% reduction in pay. So they are saving a boat loa...
by a_movable_life
Mon Apr 20, 2020 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide?
Replies: 50
Views: 3563

Re: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide

So couple things. She made some other people look bad. Sounds like they punished her. Ideally trying to make her leave early, or just to "teach her a lesson." In the police world one of the examples of this his "Highway therapy" where they assign you on the other side of the city so you get to sit i...
by a_movable_life
Sat Apr 18, 2020 7:40 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 31326

Re: My theory about FIRE

I always tell people "do what you love" is like winning the lottery. Much better odds if you "do what you're good at" instead. +1. I roll my eyes every time I hear "do what you love..." If you "love" your job, I am concerned about what the rest of your life is like. I have a near dream job, but mak...
by a_movable_life
Sun Apr 12, 2020 10:13 am
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17874

Re: Ponzi Scheme?

"Everything is great, we really REALLY REALLY hope that no more of you ask to start the 45 day clock to get your money out."
by a_movable_life
Wed Apr 08, 2020 11:36 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9793

Re: Cares Act Payroll Protection Program

Question: The CARES Act excludes from the definition of payroll costs any employee compensation in excess of an annual salary of $100,000. Does that exclusion apply to all employee benefits of monetary value? Answer: No. The exclusion of compensation in excess of $100,000 annually applies only to c...
by a_movable_life
Tue Apr 07, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)
Replies: 40
Views: 2454

Re: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)

"as I'm a minority and the crowd isn't much my type" NY has everyone from everywhere. Though not everyone lives everywhere. Long Island where I grew up, so 20 years out of date is/was very segregated. Long Island traffic is very heavy. Especially during rush hours. Consider location to minimize comm...
by a_movable_life
Sat Apr 04, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: The lost era of the 1960's to early 1980's. How did investing work and not work back then?
Replies: 25
Views: 2460

Re: The lost era of the 1960's to early 1980's. How did investing work and not work back then?

That's when DRIP's were popular? I think you mailed off a check and got fractional ownership in Blue Chips. Coke I think was popular. The program was usually run by the company?
by a_movable_life
Sat Apr 04, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9793

Re: Cares Act Payroll Protection Program

So at the current rate of lending and average loan amount, there is enough money to help about 3.8% of the 30 million small businesses. I was thinking about this last night that companies with staff were waiting on this ready to go. Someone said companies had the forms ready and loaded into the fax...