Search found 810 matches

by runner540
Mon Jan 21, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Rent vs Own Assumptions
Replies: 17
Views: 892

Re: Rent vs Own Assumptions

Good for you to dive into the analysis! 4% seems a little low but maybe you can get that. Are the property tax and insurance numbers specific for your location? (% vary widely by location). Are the rent and buy #s for comparable properties? Math is hard for me to follow but you have not accounted fo...
by runner540
Mon Jan 21, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Sell my condo ?
Replies: 11
Views: 820

Re: Sell my condo ?

6) Most housing markets are still really good and it should be easy to sell. If you try to sell it in a few years then it can take a long time to sell property in a bad housing market. Condos can be especially hard to sell because you may be competing against new buildings with better incentives. P...
by runner540
Sun Jan 20, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating risk of home value dropping: how much riskier is single home vs housing market?
Replies: 18
Views: 1392

Re: Evaluating risk of home value dropping: how much riskier is single home vs housing market?

Everything you listed is a reason why buying a single house and hoping for SF Bay-Area appreciation is not a sound strategy. Land may appreciate but a building depreciates. mitigate the risk by buying a home that is a modest portion of net worth and continue saving in other vehicles. As for the neig...
by runner540
Wed Jan 16, 2019 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15900

Re: Why are your NOT buying rental properties?

I am only starting this thread because I turned off to buying rental properties when I first started to read this forum. I now own several rental properties. Not only it is easier than I had expected, but I am also making a lot more money. I have a property manager who has been taking good care of ...
by runner540
Tue Jan 15, 2019 7:18 am
Forum: Investing - Help with Personal Investments
Topic: 29 yo resident doc married need personal finance/investing advice
Replies: 27
Views: 2565

Re: 29 yo resident doc married need personal finance/investing advice

Where are all your other expenses? (Gas for 2 cars, insurance, utilities, health insurance, etc) Do you ever travel or buy clothes? Try doing a full budget, looking back at the last 3/6 months of bank and CC statements. With a tighter budget you can pay off a lot of debt. Check out the whitecoatinve...
by runner540
Sun Jan 13, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 8417

Re: Side Hustle? Passive Income?

Six figure salary before 30: you should focus on your career - focus energy and time getting to the next level in that - will pay way more than most side gigs.
by runner540
Sun Jan 13, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5219

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

5. Pay off your car loan so you have some more cash flow every month. Paying extra on your mortgage won't lower your payment and you shouldn't count on refi'ing to a lower payment - that worked best when rates were going down. I'm in Dallas. A $425k+ condo in an "up and coming neighborhood" for a si...
by runner540
Sun Jan 13, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house at the peak of the market
Replies: 7
Views: 976

Re: Buying a house at the peak of the market

Personal AND market conditions need to be right for me to buy. Personal - want to commit to an area for 10 years, stable employment, large down payment, etc Market - buying needs to be close to parity or cheaper than renting. Right now in my market, renting is far far cheaper. Also, if the market is...
by runner540
Sat Jan 12, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10226

Re: Millionaire by 40 and How you Did it?

I would also like to learn how you became a millionaire by 40 and how you did it? Was it purely large annual income, frugal habits, or both? Also, how rare is a million dollar net worth by 40? 5% of the US population or possibly under 1%? Check out this data: Calculator by age using 2016 data: http...
by runner540
Sat Jan 12, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10226

Re: Millionaire by 40 and How you Did it?

Negative 6 figure net worth at the end of fellowship at age 32. Millionaire by age 35. LBYM, dont buy a big stupid house or fancy European cars, waited a few years to have children, saved more than 50% of take home pay, invested in simple, low cost index funds and avoided foolish investments Wow! w...
by runner540
Fri Jan 11, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Safe withdrawal rate to pay for housing expenses
Replies: 13
Views: 949

Re: Safe withdrawal rate to pay for housing expenses

I dont see why it matters? Why cant you just pay the housing expenses with your income? Are you spending all of your income or something? See my response above. To clarify my original numbers, my salary is $215K, the rest is bonus or RSU income. So it would not be affordable on my salary alone. The...
by runner540
Thu Jan 10, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Check My Math: Tax Benefits of Mortgage?
Replies: 8
Views: 1127

Re: Check My Math: Tax Benefits of Mortgage?

With new tax laws in play, what's the actual tax benefits of mortgage in HCOL areas which allows for itemization of deductions? ASSUME Married, income 400K (W2) 10% state tax 1% property tax Potential Home= 1,500,000 RENTING/NO MORTGAGE Standard deduction =24,000 Retirement=18,500 AGI= 400,000-24,0...
by runner540
Tue Jan 08, 2019 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Expatriate
Replies: 11
Views: 499

Re: Investing as an Expatriate

Couple of things, are you being transferred with as a US pay rolled employee or will be on payroll (overseas) foreign of the company in AUS? The reason I ask if I believe am right(i could be wrong ) but to do 401k, tIRA, rIRA you would need to have US taxable income.If your payroll is run In US (so...
by runner540
Tue Jan 08, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Bonus toward student loans or 401(k)?
Replies: 18
Views: 918

Re: Bonus toward student loans or 401(k)?

Congrats on the bonus! I vote Option 4: put 100% to the student loan and pay it off completely. Then you'll have $1000 per month that can go to other goals from here on out.

I just think you'll be much more satisfied crossing off a big balance/goal, than making incremental bites on all your goals.
by runner540
Sat Jan 05, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7119

Re: Strategies to combat or justify lifestyle creep

Here are the strategies I use: be thankful that I am healthy and employed, and able to earn so much! Then, I designate a significant portion of each raise and bonus to savings AND giving. A small remaining % is splurge money, that I have a lot of fun spending and feel good about since I put my other...
by runner540
Sat Jan 05, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20274

Re: $40,000 in debt, bankruptcy seems to be the best option right now

What I find very puzzling is how the OP could qualify for this mortgage without wife being employed AND with such challenging other debts. Debt to Income of 50% is acceptable with Fannie and Freddie now...https://www.nerdwallet.com/blog/mortgages/what-rising-dti-ratios-mean-for-your-mortgage/ OP, y...
by runner540
Sat Jan 05, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2888

Re: Does a PMI in lieu of 20% down ever make sense?

I have to say that Bogleheads are an interesting group. I'd say not more than 30% of my Buyers have 20% to put down on a house. (Those are usually move up Buyers). Right or wrong most people want to get on with their lives. They want a yard for kids and dogs and a place to set roots. Increasing lev...
by runner540
Thu Jan 03, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Intro. & Monthly Food Expenses
Replies: 32
Views: 1849

Re: Intro. & Monthly Food Expenses

Welcome! Don't be scared off by some of the blunt replies. Great that you are now paying more attention to finances and are out of debt. Like any habit, it's easier to change if you replace it with something new. You've identified that it's a pattern and entertainment, so make the entertainment pick...
by runner540
Wed Jan 02, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: First (consumer!) purchase of 2019 and purchase recordkeeping
Replies: 32
Views: 2202

Re: First (consumer!) purchase of 2019 and purchase recordkeeping

Nova1967 wrote:
Wed Jan 02, 2019 12:11 pm
An monthly credit card statement and an excel spread sheet with various categories should simplify the process.
That's what I do. Very easy to analyze at category level across the year, and drill down if needed.
by runner540
Tue Jan 01, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: keeping warm in outside windy, freezing temperature and also inside office
Replies: 35
Views: 2171

Re: keeping warm in outside windy, freezing temperature and also inside office

What material are the thermals? Try a natural fiber like silk.
by runner540
Mon Dec 31, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Purchase Advice Question
Replies: 33
Views: 1126

Re: Another Home Purchase Advice Question

I appreciate the responses, and hear the advice that the numbers I'm throwing out are a stretch. But what I don't see is why. Some of the rules I've read are 28% of gross income or 36% of net to spend on total monthly home payments. This is what I've based my analysis on, along with a large reserve...
by runner540
Mon Dec 31, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Purchase Advice Question
Replies: 33
Views: 1126

Re: Another Home Purchase Advice Question

You are right: $1MM is nuts on $175k. What lenders will lend you and what is prudent are very different. Buy bases on your salaries today: $85 to $100 is not enough to move the needle on home purchase parameters esp after taxes.

Where are your retirement savings and college savings?
by runner540
Mon Dec 31, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay off med school loans
Replies: 18
Views: 1518

Re: Best way to pay off med school loans

Thanks for all the great advice everyone. I did try to refinance with myself as a cosigner but was turned down because I am employed as a 1099 IC with an s-corp so they needed multiple years of tax return which I don’t have yet. I suppose I could try to get one of our parents to cosign to get a bet...
by runner540
Sun Dec 30, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying advice
Replies: 21
Views: 1819

Re: Home buying advice

Thanks all. #Admiral : PITI is about 40% of take home pay( after 5% 401k contribution and other deductions).Is that considered high? IMO, yes. It is too high. If this was a VHCOL area, where people routinely pay 50% or more of takehome, then it might be acceptable. Your area does not qualify, if th...
by runner540
Sun Dec 30, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Tips to Save without hassle
Replies: 32
Views: 2246

Re: Tips to Save without hassle

Bogleheads, Recently I was shocked when I saw my annual expenses. I thought I was spending only 60% fo what I actually was. Although I have 401K Maxed, enough cash, 529s full, HSA full still I feel spending was way to high. So without counting pennies what techniques do you follow to ensure you do ...
by runner540
Sat Dec 29, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school & savings & student debt?
Replies: 39
Views: 2633

Re: Can we afford private school & savings & student debt?

I would continue the Dave Ramsey plan and cut expenses where possible. 1.5 years you can be debt free and I'm not sure private school cost moves the needle that much with your income but that is really expensive and not sure it is worth it. 1.5 years of lost retirement savings will barely have any ...
by runner540
Sat Dec 29, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 232955

Re: What is your Year 2018 networth change?

Can't tell you until 2pm ET on New Years Eve
by runner540
Fri Dec 28, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How much house can my daughter afford
Replies: 52
Views: 3692

Re: How much house can my daughter afford

I don't understand why so many folks are in such a hurry to buy a house. What is the point of tying up so much of your money in a single asset? Shortly after getting married (3 months), my wife and I purchased our single family home for $77,000 and financed almost all with a VA loan. Today, 40 year...
by runner540
Fri Dec 28, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3131

Re: Will I be renting forever?

Thanks for all your responses. Some follow-up questions. Have any of you rented for a really long time, like decades? I grew up in a town where the vast majority of people owned, so it seems weird to me to rent for a really long time. That's probably part of my hangup. If you live in a high cost ar...
by runner540
Fri Dec 28, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: How much house can my daughter afford
Replies: 52
Views: 3692

Re: How much house can my daughter afford

Cannot answer this until you tell us how much she has for downpayment, and how much taxes, insurance and maintenance are. She can afford to spend at least $1300/month on housing. But you and she need to do more math on the total cash flow of ownership to figure out a price range. Edit with some roug...
by runner540
Thu Dec 27, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3131

Re: Will I be renting forever?

Sawhorse, so many great comments above I can't quote them all. Grieve for a time that your life right now is not what you might have imagined, or what is on ypur friends' social media posts. Then let go of the stress from renting: renting is NOT throwing money away. Having a place to live costs mone...
by runner540
Thu Dec 27, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: Will the real contrarians please stand up?
Replies: 58
Views: 3965

Re: Will the real contrarians please stand up?

I am short housing. I rent for $XX which is about the same as property taxes, maintenance and insurance would be for an equivalent property. (Excluding principal amd interest). For a few years I rented for convenience/flexibility. Now I rent because the math to buy makes no sense unless house prices...
by runner540
Tue Dec 25, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: international financial planning - reasonable fee?
Replies: 4
Views: 454

Re: international financial planning - reasonable fee?

Does that include tax prep? Or is your company providing tax prep as part of an expat package? You will need to coordinate any financial planning/savings/investments with tax prep and considerations. It's highly complex and value add work if done right. Not a DIY project, even for Bogleheads. A ton ...
by runner540
Mon Dec 24, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Time to recovery
Replies: 15
Views: 1999

Re: Time to recovery

If market drops 50%, then for it to recover to where it was before , from what I understand ,it has to gain 100% (that is double of what it lost). For someone who stayed the course patiently during past major market drops like in 2008 , how long did it take for them to get back to where they were b...
by runner540
Mon Dec 24, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Buying house - Advice requested
Replies: 39
Views: 3960

Re: Buying house - Advice requested

Dear BH We are totally new to the topic of buying properties and have just begun to think about it after calculating the money we have already spent paying rent over the last decade. Could you please help with a list of points we need to be aware of, attend to as we go about buying our first house ...
by runner540
Sun Dec 23, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase: how to effectively trade off location & price? (Boston area)
Replies: 57
Views: 2778

Re: Home purchase: how to effectively trade off location & price? (Boston area)

How does one most efficiently trade off location and price when buying real estate? Obviously some locations are better than others. For the Boston area examples of great locations would be: back bay of boston, cambridge, brookline, belmont, etc. These are great locations but the prices are extreme...
by runner540
Sun Dec 23, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Having minor panic about finances with second child, best way to budget?
Replies: 54
Views: 3046

Re: Having minor panic about finances with second child, best way to budget?

I WISH my wife would work (she had a good job before the kids), it would take away a lot of financial stress. She says once the kids are in 1st grade at least she would think about it. Times have changed, things are expensive, and women want empowerment. Great, get to work and start bringing in mon...
by runner540
Sat Dec 22, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10160
Views: 1788510

Re: Stayed the course during a downturn?

[Thread merged into here, see below. --admin LadyGeek] People who talk about asset allocation and blood in the streets and staying the course during a downturn are often asked if they themselves have been invested through a downturn without panicking. At what point in this market can we all now ans...
by runner540
Fri Dec 21, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 290
Views: 138679

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

justsomeguy2018 wrote:
Fri Dec 21, 2018 10:42 pm
DeadPoets wrote:
Fri Dec 21, 2018 10:06 pm
So it’s pretty evident now that B&H investors who stuck it out during ‘08 reaped the rewards.
If the market drops back to '08 levels, would this still be true? Seems like they would be right back where they started.
Only if they haven't added anything to theor portfolios.
by runner540
Fri Dec 21, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 148
Views: 15131

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

Early 30s here. The 3-legged stool is what my grandparents and parents get to rest on.

I don't expect to get SS or a pension, so the final leg of personal savings needs to be a stump big enough to sit on by itself. Hopefully it won't get ground into sawdust before I need it.
by runner540
Fri Dec 21, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: A lot of us expected a US stock "pull back" is this it?
Replies: 61
Views: 8596

Re: A lot of us expected a US stock "pull back" is this it?

Bogleheads contest 2018: some expected it, some didn't...
https://www.lostoak.com/ls/diehards/con ... fault.aspx

Thanks to the creator of that tracker.
by runner540
Fri Dec 21, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Having minor panic about finances with second child, best way to budget?
Replies: 54
Views: 3046

Re: Having minor panic about finances with second child, best way to budget?

So here is the situation, we recently purchased a new house and successfully rented our old townhome. We also recently had a second child who will soon need a nanny. Our first child is currently attending a very high quality preschool (expensive). Here is the problem, we have always made enough mon...
by runner540
Tue Dec 18, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10065

Re: I feel cheated, saved too much in 401K vs cash.

At times I feel like perhaps I have been duped into saving too much in retirement accounts. The real difference maker for us as we approach retirement is the amount of cash available that wont be taxed. For many years I contributed the maximum toward the 401K, now wish at times that I had that mone...
by runner540
Tue Dec 18, 2018 6:22 pm
Forum: Personal Consumer Issues
Topic: Buying home-good idea in this case?
Replies: 9
Views: 688

Re: Buying home-good idea in this case?

Has anything changed since this thread about getting settled in new location? viewtopic.php?f=11&t=251958&p=3979381#top

Have you read White Coat Investor? I wouldn't be comfortable taking on more debt.
by runner540
Mon Dec 17, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5284

Re: Marriage and separate accounts - how does it work?

I am recently married and we decided to have a joint account for common bills etc and separate accounts for personal stuff (power tools and shoes). I know there are two schools of thought on the topic but for those of you who have separated accounts, how does it work (assume equal salaries)? 1) Do ...
by runner540
Sun Dec 16, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5260

Re: Forgoing health insurance

She is a teacher and had excellent health insurance. Out of curiousity, what details of her insurance plan indicate it's "excellence"? I hear this often but I'm never sure what this means or how the consumer would know. An ACA-compliant plan is excellent. Not sure of your age, but pre-ACA (pre 2014...
by runner540
Fri Dec 14, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2955

Re: Is it difficult to change a baby's legal name?

Like many popular names, James and Daniel are found in Jewish and Christian scriptures. If you are trying to decide, you may want to learn more about each of them.
by runner540
Wed Dec 12, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: Where does one purchase correctly-sized petite trousers?
Replies: 28
Views: 1499

Re: Where does one purchase correctly-sized petite trousers?

My partner is preparing for interviews, and few of her trousers currently fit, as she began exercising regularly half a year back. The trousers we'd want to buy should be: -90%+ wool -be sized properly (as in not overly vanity sized) -have inseam for petites For such a consumerism-driven economy, i...
by runner540
Tue Dec 04, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: investing under kid's name to save tax. is it viable?
Replies: 17
Views: 1955

Re: investing under kid's name to save tax. is it viable?

This is not a new idea and you can't use your kids to evade taxes. I suggest reading about "kiddie" tax and UTMA on the wiki https://www.bogleheads.org/wiki/Kiddie_tax

https://www.bogleheads.org/wiki/Uniform ... Minors_Act