Search found 718 matches

by runner540
Sat Sep 22, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2736

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by runner540
Thu Sep 20, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7451

Re: Hubby soon to be laid off

jehovasfitness wrote:
Thu Sep 20, 2018 2:32 pm
Would have to agree, 3600/yr for homeowner's insurance sounds crazy high
It's about 0.5% of the value. Is that high?
by runner540
Thu Sep 20, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 1818

Re: Paying off mortgage vs investing?

Didn't see this mentioned: do you have a healthy emergency fund? If not, build that up before paying down the mortgage. If yes, then make sure you don't deplete it for mortgage paydown. I'm curious about your negative reaction to the interest. The 30 yr fixed rate mortgage is a pretty sweet deal for...
by runner540
Wed Sep 19, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2736

Re: Moving to Dallas, how to establish residency

For ref, I am excited about becoming a TX resident as I won't have to pay state or local taxes. That will mean 6% less tax which is an increase of $41k take home. My wife already has plans for that. Don't get too excited unless you've already done the math on property taxes for your eventual home p...
by runner540
Sun Sep 16, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17791

Re: Bay Area housing frenzy cooling

I was astonished during the sales process with the number of home buyers bringing a 3.5% down payment to the party...What?? I thought the 3.5% down payment was gone forever. I would imagine this is not the case in the "Real Bay Area", wherever that might be, but it certainly gives me pause. We seem...
by runner540
Sat Sep 15, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Help w/ large annual bonus
Replies: 16
Views: 1882

Re: Help w/ large annual bonus

Yes I am relatively young, 37. Since limiting our debt to 1 car and our home, I envisioned getting our emergency savings up to 1 years worth. It’s one thing to make a plan before you actually have the funds, Then once you have the $’s, it seems natural to question or feel differently. The long game...
by runner540
Sat Sep 15, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financial situation/Health checkup - Stocks vs. Real Estate?
Replies: 14
Views: 1119

Re: Financial situation/Health checkup - Stocks vs. Real Estate?

You have a $1MM home, a job, and a lot of stock in a major company in your city: all highly correlated assets! I would derisk by taking appreciated stock and paying off the mortgage, or investing in a diversified portfolio. You need life insurance, now! You have a mortgage, a spouse with no income, ...
by runner540
Sat Sep 15, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Are we doing enough/what else should we be doing?
Replies: 9
Views: 807

Re: Advice - Are we doing enough/what else should we be doing?

Hello- Thank you for taking the time and effort to respond. My wife and I both work in the school system. She stayed home for several years to take care of our kids but this is her 2nd full year back at work. We are very fortunate that we are able to invent 25% plus of our take home pay (ROTH, plus...
by runner540
Sat Sep 15, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Are we doing enough/what else should we be doing?
Replies: 9
Views: 807

Re: Advice - Are we doing enough/what else should we be doing?

Do both you and your wife have adequate disability and life insurance? I was confused whether your wife works outside the home or stays at home with the kids... I agree with the comment to reconsider the 403b - you have a pretty high income and the tax savings would be valuable. What are your expens...
by runner540
Fri Sep 14, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17791

Re: Bay Area housing frenzy cooling

I generally agree, though there is some variability - consider SF's direct neighbor to the east (literally one BART stop away): https://www.trulia.com/real_estate/Oakland-California/market-trends/ From 2000 to the peak in 2007, median sale prices went from $170,000 to $530,000. They then proceeded ...
by runner540
Wed Sep 12, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5592

Re: Vacation house? Need objective third party

If it were me, I would ask myself why I only have approximately $2mm saved on an income of $1.5mm. I would be more concerned with building a substantial asset portfolio long before I would consider an emotional purchase of a cash flow drag. At the moment it seems as if you have a bit over 1x gross ...
by runner540
Tue Sep 11, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17791

Re: Bay Area housing frenzy cooling

Few notes inline Given that over the last 20 years the CAGR has been around 10%. That seems really high. The source I used (and sampling individual home zillow price histories) gives around 6-7% 20 year CAGR. Not necessarily. Here’s the math: .. So you are betting that the $1.5M house will apprecia...
by runner540
Mon Sep 10, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17791

Re: Bay Area housing frenzy cooling

You’re telling me that a professional College-educated couple earning $300k and wondering whether to pull the trigger on a $1.5M house (probably the largest purchase in their lives) can’t do the math on tax impacts? I find that hard to believe. Hahaha. Relax, dude. I didn't say "can't". Of course t...
by runner540
Mon Sep 10, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17791

Re: Bay Area housing frenzy cooling

You’re telling me that a professional College-educated couple earning $300k and wondering whether to pull the trigger on a $1.5M house (probably the largest purchase in their lives) can’t do the math on tax impacts? I find that hard to believe. Hahaha. Relax, dude. I didn't say "can't". Of course t...
by runner540
Mon Sep 10, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5592

Re: Vacation house? Need objective third party

OP here. Thanks for the thoughtful responses. This level of income is new--within the last two years. Moved from gov't to private practice on the partnership level, so while this level of income is not totally guaranteed, it is relatively safe, and it seems that husband's income is likely to go up....
by runner540
Mon Sep 10, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5592

Re: Vacation house? Need objective third party

If your income is $1.5MM and you are frugal other than $70k private school, just pay for it with cash (you can quickly save up $450k within a year). Don't take money out of your primary home. If your spouse is concerned, it may be because he/she doesn't feel that the $1.5MM income is very secure, OR...
by runner540
Sun Sep 09, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice/Other Advice Needed
Replies: 5
Views: 565

Re: Home Buying Advice/Other Advice Needed

Too risky right now. You would be betting your family's future on everything going right for a long time (no job loss, no decline in home value, no illness, etc.). Wait until you have paid off your student loan, and have a more substantial emergency fund and down payment, and can afford a fixed rate...
by runner540
Sat Sep 08, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8092

Re: Can Sneakers go with Business Casual?

It depends on your corporate culture. I sometimes wear sneakers if - I am not seeing any clients or key stakeholders It's Friday There is some manual work to be done I'm in my own satellite office and not corporate I'm not hosting a meeting (in person or webcam) FYI, I am in IT so we have a relaxed...
by runner540
Sat Sep 08, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8092

Re: Can Sneakers go with Business Casual?

No. If you AND your company AND your clients are fashion forward, you could probably pull off some sneaker-like shoes (not the ones pictured). But the fact that you had to ask (meaning it's not common around your office), means it's outside the norm. If you can wear it to work out, it doesn't belong...
by runner540
Sat Sep 08, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1672

Re: Buy a house that needs full renovation?

I don't want to spend more that 300K for housing. I am not an investor nor a lover of beautiful things. I do like the location because of the proximity to work, grocery stores and places I enjoy (gym, bike trail) and the quiet and beautiful street - time saved on commuting has a lot of value to me....
by runner540
Thu Sep 06, 2018 11:55 pm
Forum: Personal Consumer Issues
Topic: taking home equity for credit card debt?
Replies: 19
Views: 1224

Re: taking home equity for credit card debt?

It seems like your job is costing you A LOT of money, not making you money. Can you rent a room instead of whatever you have now?
by runner540
Sun Sep 02, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Mortgage, Emergency Fund, etc.
Replies: 51
Views: 4244

Re: Analysis Paralysis - Mortgage, Emergency Fund, etc.

Thanks for answering my questions. I know how daunting it is to have cash- just on a smaller scale. What is your savings rate? You mention some house items in the future. How long would it take to save up with new money? That could help to alleviate concerns with adding to your taxable account now....
by runner540
Fri Aug 31, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3140

Re: House Affordability - Question on standard advice

The rules of thumb are just that: not really applicable for individual situations, which vary with property tax rates (1% vs 3% makes a big difference in annual costs), income stability, down payment size, etc. According to Fannie and Freddie, it's fine to spend 50% of income on your mortgage... Do ...
by runner540
Mon Aug 27, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: 28/F - First time home buyer needs advice on saving more
Replies: 39
Views: 3842

Re: 28/F - First time home buyer needs advice on saving more

The very rough heuristic I'd use is that if it's the case that all non-principal-payment costs of owning are equal to or exceed your monthly cost of renting a comparable home, then you should be very hesitant to buy. So add up interest, taxes, insurance, HOA, maintenance, and repairs - this is "thr...
by runner540
Sun Aug 26, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: What is your stealth way to save monthly?
Replies: 87
Views: 9593

Re: What is your stealth way to save monthly?

I chose a rental and car that are well below my means. The decisions were made at one point in time, but I save money every month due to it.
by runner540
Sat Aug 25, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: rent vs buy 'luxury' condo in HCOL area
Replies: 10
Views: 1189

Re: rent vs buy 'luxury' condo in HCOL area

Dual income family here living a HCOL city. When we initially moved here a couple of years ago we decided to rent a very nice condo in a building with lot of nice amenities. We thought we would eventually move to a single family, but we have come to appreciate life in a condo, and since we both are...
by runner540
Sat Aug 25, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: rent vs buy 'luxury' condo in HCOL area
Replies: 10
Views: 1189

Re: rent vs buy 'luxury' condo in HCOL area

Sounds like you have a great thing going that works for your family, AND it's better for your cash flow. Don't give in to vague pressures or what-ifs. If you two are saving aggressively and your networth is growing, then who cares if you don't have real estate in the portfolio? (Disclosure: I am a h...
by runner540
Wed Aug 22, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or Pay off Student Loans
Replies: 40
Views: 2106

Re: Invest or Pay off Student Loans

I recommend the Dave Ramsey show, on youtube, via podcast, etc. What you need is a lot of motivation to do what you have to do. After contributing to 401k match, you need to throw everything you have at the auto loan. What you need is focus. Each month, seeing how much you can pay towards the car. ...
by runner540
Wed Aug 22, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or hold for housing crash in Bay Area CA
Replies: 27
Views: 2946

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

Don't conflate the issue of whether to live on your own, with whether to buy a place. In fact, if you haven't lived on your own, I'd tell you to rent a place first to get a feel for what you like/don't like when living on your own.
by runner540
Wed Aug 22, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to raise cash to pay living expenses in near term (nine months)?
Replies: 47
Views: 3115

Re: How to raise cash to pay living expenses in near term (nine months)?

OP, please come back and update this thread in 9 months, to let us know how the math worked out and if the time and interest costs were worth it!
by runner540
Sun Aug 19, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to raise cash to pay living expenses in near term (nine months)?
Replies: 47
Views: 3115

Re: How to raise cash to pay living expenses in near term (nine months)?

I don't understand wanting to pay HELOC interest, instead of forgoing 2% rewards.... Thanks for your reply. $500 HELOC interest is less than $1000 in credit card rewards. Cost of breaking the CD is much, much more than $500. The $50,000 needed is after considering all other income. So $500 financin...
by runner540
Sat Aug 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How to raise cash to pay living expenses in near term (nine months)?
Replies: 47
Views: 3115

Re: How to raise cash to pay living expenses in near term (nine months)?

Are you retired? How much would it cost you to break the CD early?
I don't understand wanting to pay HELOC interest, instead of forgoing 2% rewards.... And where would you get money to pay the HELOC?
I think you are trying to overoptimize the last dollar, and now you have no accessible cash.
by runner540
Sat Aug 18, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 68
Views: 12177

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

Don't forget Canada and Australia that are also seeing big drops in housing values right now.

I'm seeing lots of price reductions and much bigger inventory at all price points in my area of DFW than I did the last 2 years.
by runner540
Sat Aug 18, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13715

Re: Remind me (again) how real estate isn't a GREAT investment?

Are you confusing the down payment requirements for an owner occupied home vs an investment property? 0% down you say? I don't know, am I? I know you can get a mortgage with 0% down these days, you pay a bit in interest rate and some insurance fees on the home but it's possible, assumed you could d...
by runner540
Fri Aug 17, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/403b Funds and Housing Advice
Replies: 8
Views: 489

Re: 401k/403b Funds and Housing Advice

Is the 7% a real or nominal return? Run your numbers at 3% and 5% to see the difference. What would your balance sheet look like after the move: Assets: Primary home $xx value Rental home $640k value Investment acct balances Total = ?? Liabilities: Primary home mortgage $500-600k Rental home mortgag...
by runner540
Fri Aug 17, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2528

Re: Non-owner contributing to home renovations: what's fair?

Accept no money and do what you want for renovations. I could imagine where you take $xxxx and then have to deal with the complaints....."oh, that's not a good wall color. Maybe something like a light blue, like I have in my house". You pay for it and if you want to paint all the walls and ceiling ...
by runner540
Fri Aug 17, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ACA Planning Resources?
Replies: 5
Views: 558

Re: Help with ACA Planning Resources?

Have you read this thread? https://www.bogleheads.org/forum/viewtopic.php?f=2&t=256436&newpost=4073975 ACA remains a political issue (coverage, availability, preexisting conditions, lifetime limits), so if it's important to your plans, I'd suggest that voting and sharing your views with your represe...
by runner540
Fri Aug 17, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6150

Re: Savings rate per month???

To some extent, I do believe in consumption smoothing. Excessive saving takes away some of the wonder of compound growth, and potentially squanders all of that hard work you may have done in school to earn that degree that allows you to have a high salary. azanon, Can you please explain what you me...
by runner540
Fri Aug 17, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6150

Re: Savings rate per month???

To some extent, I do believe in consumption smoothing. Excessive saving takes away some of the wonder of compound growth, and potentially squanders all of that hard work you may have done in school to earn that degree that allows you to have a high salary. azanon, Can you please explain what you me...
by runner540
Thu Aug 16, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1548

Re: Marriage Name Change Logistics

Don't forget all the airline/hotel rewards programs. The airlines were harder to get changed than my bank accts :shock:
by runner540
Wed Aug 15, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 3052

Re: Seattle- mandatory affordable housing units affect single family home values?

She shoukd talk to several local realtors and get their input. But my guess is that the plans are not secret insider information, and savvy potential buyers will take that into account no matter when she sells. This is a clear example of why an investment in a single dwelling is risky and undiversi...
by runner540
Wed Aug 15, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 3052

Re: Seattle- mandatory affordable housing units affect single family home values?

She shoukd talk to several local realtors and get their input. But my guess is that the plans are not secret insider information, and savvy potential buyers will take that into account no matter when she sells. This is a clear example of why an investment in a single dwelling is risky and undiversif...
by runner540
Wed Aug 15, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married and Hoping to Start on the Right Foot
Replies: 22
Views: 1543

Re: Newly Married and Hoping to Start on the Right Foot

Congrats on the marriage, and a home purchase with solid down payment. Nice to see fellow Boglehead that prioritizes giving. You should think about whether it's fair to the relative that is loaning you $24k at 0%, so you can put $500 into taxable. I would focus on paying off all the debts before any...
by runner540
Tue Aug 14, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7549

Re: Housing affordability - what is your take?

Prices are high because people are willing to spend a huge (and in my opinion unwise) percentage of their income on housing. Your choice is to either compete with them (and make the same poor decision) or move elsewhere. I think this has a huge part to play. I made an off hand comment at work one d...
by runner540
Mon Aug 13, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 1953

Re: What is the best way to determine if one should buy something or save their money?

For example, let’s say someone is financially well off. They have no debt, plenty saved up, great income and continue to save every month. They then decide to buy a new computer, that costs around $2600, BUT they don’t really NEED the new computer. They just want it bc it has some nice features the...
by runner540
Mon Aug 13, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2126

Re: Small business owner, mid 30s, doing great, clueless with investments

I'm still confused about what assets and liabilities are on your personal balance sheet, and which are on your business balance sheet. I don't think you should count any of your business assets (cash) until and unless you determine it's in excess of what you need for operating the business (so not w...
by runner540
Sun Aug 12, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3398

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Thanks everyone for sharing thoughts on this topic - very insightful to hear the diverse approaches people use. I def think having a mental yearly budget once you collected some past yearly expenses make more sense given the monthly volatility can more or less be smoothed out. Monthly up/down can b...
by runner540
Thu Aug 09, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Use cash to pay off low interest student loans and car or downpayment for house?
Replies: 23
Views: 1139

Re: Use cash to pay off low interest student loans and car or downpayment for house?

You’ll pay a higher interest rate in the mortgage since the bank will see it as an investment property and you probably won’t be able to put just 10% down. When you got a rate quote from Sofi, did they know you wouldn’t be living in it right away? Their terms disallow mortgages on rental properties...
by runner540
Thu Aug 09, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Use cash to pay off low interest student loans and car or downpayment for house?
Replies: 23
Views: 1139

Re: Use cash to pay off low interest student loans and car or downpayment for house?

Pay off all the debt, and start saving for a home. Additionally, I would be shocked if you are allowed to own a home while benefitting from rent control.
by runner540
Mon Aug 06, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14376

Re: I pay $6K in rent. Am I an idiot for not buying?

What are the thoughts on this board on Williams Bernstein rule of rent vs buying? Multiply fair market value rent x 180, if buying value higher than that then renting is better. If you apply this rule to many of the large coastal metropolitan areas, you're probably better off renting. Way to broad ...