Search found 490 matches

by runner540
Mon Jan 15, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: Longer Work Hours: Tips for adjusting?
Replies: 10
Views: 1037

Re: Longer Work Hours: Tips for adjusting?

I've pretty much never worked less than 50 hours per week. 50 hours per week is pretty normal now for lots of workers, and plenty of people do it and still have a life. I recommend tracking your hours and what you do with them - you'll find patterns. All the normal productivity/time management advic...
by runner540
Mon Jan 15, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 247
Views: 72513

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

I hope someone remembers to bump this post up when the next bear market hits. Nothing like reading remarks from investors as they're going through the downward cycle rather than relying upon their memories several years later. I'm actually glad it got bumped now when us retired folks can actually s...
by runner540
Sun Jan 14, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Books on managing (household) finances for couples
Replies: 13
Views: 1077

Re: Books on managing (household) finances for couples

Beachdrinks wrote:
Sun Jan 14, 2018 10:10 pm
Maybe it's not that serious and a great book will help her see the light, if you find it let me know!
[emphasis added] I believe based on prior posts that Lafder is a woman. Let's not jump to conclusions about which gender is the spender or needs to "see the light".
by runner540
Sun Jan 14, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Books on managing (household) finances for couples
Replies: 13
Views: 1077

Re: Books on managing (household) finances for couples

PFInterest wrote:
Sat Jan 13, 2018 11:27 pm
Probably don't need to read. More like talk....
+1
Sounds like a good time to bring in a third party (counselor/clergy) to help with better ways to communicate and make decisions.
by runner540
Sun Jan 14, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Renting in NYC for a new college grad. Best practices?
Replies: 23
Views: 1826

Re: Renting in NYC for a new college grad. Best practices?

I've heard the higher end of the rental market is soft, and landlords are giving lots of concessions to get units filled. Ask/negotiate for it. http://www.businessinsider.com/new-york-apartment-concessions-rise-to-record-high-2018-1 https://therealdeal.com/2018/01/11/rental-market-is-at-peak-concess...
by runner540
Sat Jan 13, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Frontloading retirement accounts?
Replies: 8
Views: 689

Re: Frontloading retirement accounts?

Vanguard found that the earlier you contribute in the year, the better: https://investornews.vanguard/delaying-ira-contributions-until-april-can-cost-you/ Frontloading the 401k in 2009 was a great move. In 2008, not so much... so like dollar cost averaging over months, you have to accept that some y...
by runner540
Fri Jan 12, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Newbie Working Mom needs advice
Replies: 8
Views: 747

Re: Newbie Working Mom needs advice

Thanks for all the posts so far. My husband has his own retirement account with approx 200k in it as well as a separate stock account with approx 80k in it. We all have joint savings with 80k approx. Our biggest investment is our home, since that is where a big portion of our money is going. We are...
by runner540
Thu Jan 11, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Working Mom needs advice
Replies: 8
Views: 747

Re: Newbie Working Mom needs advice

It's challenging to ignore your husband's income and presumably savings, but here goes: You make $70k/year and need $x to live on. Let's say you'll need $60k. (all calculations in today's dollars and real return rates, to remove the distraction of inflation) If you work until Social Security Full Re...
by runner540
Thu Jan 11, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 58
Views: 2916

Re: Poll: BHs who rent - what % of gross do you spend on rent?

12% of salaries only. <10% of income including bonuses.

That is comfortable for us. At the beginning of my career it was more like 25% and that felt tight.
by runner540
Thu Jan 11, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: How to evaluate Real Estate risk?
Replies: 1
Views: 205

Re: How to evaluate Real Estate risk?

You seem like a data driven person, so here are a couple of sources to dig into: Economists rent vs buy index for various cities, including Seattle. Note that it's not a simple ratio; read the methodology to get the details, but they measure whether your net worth is better off buying or renting, an...
by runner540
Wed Jan 10, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: When to upgrade House
Replies: 24
Views: 2357

Re: When to upgrade House

2. You can buy a $500k house when you have the income to support it AND save for retirement. Wait until your income is $150-200k. 3. https://business.fau.edu/departments/finance/real-estate-initiative/bhj-buy-vs-rent-index/bhj-data-and-graphs/ This shows by metro area whether renting or buying is be...
by runner540
Sun Jan 07, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: PE firm is buying my [medical] practice. Help!
Replies: 32
Views: 4166

Re: PE firm is buying my practice. Help!

I suggest you find an attorney who can help you navigate the agreements (investment, employment, non compete, etc) that will be coming your way on tight timelines.

Do you know what a capital call is?

This could be a good opprotunity, but it is risky.
by runner540
Sun Jan 07, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2137

Re: Does it make sense to try to "time" a first time home purchase?

Dallas. Rent has risen quickly over the last few years, but house prices even more so. And tons of new luxury construction in the pipeline that should hold rents down. Check this out: Dallas, Denver and Houston strongly favor renting right now. https://business.fau.edu/departments/finance/real-esta...
by runner540
Sun Jan 07, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Recessions in the USA (list) - Where are we now? Actionable Steps?
Replies: 31
Views: 2458

Re: Recessions in the USA (list) - Where are we now? Actionable Steps?

unclescrooge wrote:
Sun Jan 07, 2018 2:40 pm
Home depot is always full and the stock is doing extremely well. Home renovation is a good indicator of a flush consumer.
I see this as nothing more than an indicator that HELOCs are cheap and easy to get.
by runner540
Sun Jan 07, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2137

Re: Does it make sense to try to "time" a first time home purchase?

When the cost of real estate is equal to more than 10 years of savings and investing, it's an expensive lifestyle choice. Buying a house is not like picking out an outfit or even a car. I'm deploying massive amounts of capital relative to my networth and expected lifetime earnings. You are not uniq...
by runner540
Sun Jan 07, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2137

Re: Does it make sense to try to "time" a first time home purchase?

When the cost of real estate is equal to more than 10 years of savings and investing, it's an expensive lifestyle choice. Buying a house is not like picking out an outfit or even a car. I'm deploying massive amounts of capital relative to my networth and expected lifetime earnings. You are not uniq...
by runner540
Sun Jan 07, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Recessions in the USA (list) - Where are we now? Actionable Steps?
Replies: 31
Views: 2458

Re: Recessions in the USA (list) - Where are we now? Actionable Steps?

. . . . It's possible the new tax plan will extend the Mid Phase of the cycle, or the Late Phase - or at least extend the transition from one to the other. Economists are scrambling to identify where we are in the cycle, but this graphic caught my eye last week: . . . . This is where I thought thin...
by runner540
Sun Jan 07, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2137

Re: Does it make sense to try to "time" a first time home purchase?

This is a funny post, I lived in West LA in 08-11 and thought housing was ridiculous. It's "shot up" since then? Good luck to you. I think timing is fine. In some areas, as mentioned in the previous post, renting probably favors buying, and in many places it's at least very close. As long as rentin...
by runner540
Sun Jan 07, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2137

Re: Does it make sense to try to "time" a first time home purchase?

I'm supportive of trying to time the housing market for these reasons, which are different from the stock market: 1. You can't dollar cost average a home the way you can with stocks. 2. You can't diversify: you buy one house, in one neighborhood in one city/state. 3. There are good substitutes for s...
by runner540
Sat Jan 06, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 300
Views: 21321

Re: What frugal thing did you do today?

Flew 200 miles instead of driving...I used points, but even the cash price was less than mileage for the round trip, and I don't have to drive 8 hours round trip.
by runner540
Sat Jan 06, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Global nomad advice/newbie alert
Replies: 24
Views: 2312

Re: Global nomad advice/newbie alert

As to our income, I'm pretty sure it's legitimate that all my wife's salary can go on our monthly spending (with any left over given as a gift to me) and all my salary into my IB investment account. Can anyone tell me otherwise? This sounds fine. However: My wife has been living abroad for 9 years ...
by runner540
Thu Jan 04, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 44
Views: 4593

Re: Can I retire now?

Congrats on your success. Very impressive on $100k with CA taxes. You've "bought" yourself a ton of flexibility. Perhaps work a few more years, and/or transition to a more flexible, lower compensation job that would cover healthcare and some expenses for a few more years. You don't need to save more...
by runner540
Thu Jan 04, 2018 11:01 pm
Forum: Investing - Theory, News & General
Topic: Article claims: Housing was the world’s best investment over the last 150 years
Replies: 14
Views: 1501

Re: Article claims: Housing was the world’s best investment over the last 150 years

Fascinating, thanks for sharing. The link in the article is behind a paywall, but I found this on the Fed's website: https://www.frbsf.org/economic-research/files/wp2017-25.pdf It looks like they did try to account for depreciation/maintenance of houses, and insurance. They did NOT account for real ...
by runner540
Thu Jan 04, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation, starting late
Replies: 16
Views: 877

Re: Asset Allocation, starting late

Before contributing to a backdoor Roth, does your wife have access to a 403b/401k? After paying off the CC that's the next place I'd save. You guys are in the 24 or 32% new tax brackets.
by runner540
Thu Jan 04, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced mom how to invest
Replies: 8
Views: 1367

Re: Divorced mom how to invest

Welcome. Good to see that your income is higher than expenses. Is income gross or net of taxes? When will you be selling the $2MM house and downsizing? That will really help to reduce expenses (home insurance, utilities, taxes), and increase the nest egg. What is your retirement plan (age, SS, etc)?...
by runner540
Thu Jan 04, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 11
Views: 1166

Re: House Down-payment

I'm probably 3-5 years out from buying. I'm willing to take some risk with my downpaent funds, because they're far in excess of 20%. My allocation is 40% stock (US and Intl), 20% bonds, and 40% cash (Ally and similar). New money goes into cash to gradually reduce risk as I get closer. Hope this help...
by runner540
Thu Jan 04, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Personal Review/Home Purchase
Replies: 5
Views: 470

Re: Personal Review/Home Purchase

Congrats on starting your own firm and loving below your means (cars and house). With that kind of income, you are right that you need to prioritize tax deferred retirement savings. I'm also concerned that you are counting loans to your business as part of your networth: you aren't really earning $3...
by runner540
Wed Jan 03, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4719

Re: Two-comma club just in time for the New Year, and thank you

Congratulations. It is especially impressive at your age and considering your spouse is a SAHM. I like your priorities. Thank you! Clarification: I'm the working wife, and he's the stay at home dad. Congrats to you and your spouse, and thanks for reminding everyone that sometimes the wife earns the...
by runner540
Wed Jan 03, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2672

Re: How much to spend on toys?

Here's a guideline that helps me: (assuming that all basic needs are met and savings goals are being aggressively funded) spend no more on luxuries/toys than I give to charity.
by runner540
Tue Jan 02, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Becoming comfortable with International Stocks
Replies: 15
Views: 1735

Re: Becoming comfortable with International Stocks

Map indicating economic freedom. http://www.heritage.org/index/heatmap Individual countries can be selected by clicking on them. Great link. Not sure what I am looking for here or how to interpret. Can you assist? Here's another index, about perception of corruption. https://www.transparency.org/ne...
by runner540
Mon Jan 01, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio and investment strategy feedback, Couple:mid 30s: Bay Area
Replies: 8
Views: 669

Re: Portfolio and investment strategy feedback, Couple:mid 30s: Bay Area

If you don't mind your rental, keep it! You would be paying way more for a house, and really reduce your financial/life options. Why do that if you don't need to? Right now rent is 12% of your combined salaries (excluding bonus b/c I don't think it should be relied on to make house payments). If you...
by runner540
Mon Jan 01, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10553

Re: Suddenly my mortgage doesn't seem that great

Very interesting theme over the last few days. I think some of the second-guessing people are having about mortgage debt is mathematical (i.e. effective rate going from 3% to 4%), but I hypothesize that some is psychological, that a tax deduction felt warm and fuzzy and as a favored status/behavior....
by runner540
Mon Jan 01, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage due to new tax law
Replies: 39
Views: 5023

Re: Pay off mortgage due to new tax law

Is OP any worse off with the new tax laws than in 2017 - with regards to mortgage interest deductions and dew standard deduction? Mortgage interest may not be explicitly deductible for OP but is encompassed in the new standard deduction amount. I do understand the new standard deduction may make it...
by runner540
Sat Dec 30, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5728

Re: What is your threshold for paying down debt?

MathWizard wrote:
Sat Dec 30, 2017 5:26 pm
Unfortunately for us, interest rates were huge when we needed loans, but are extremely low now that we have excess cash to save.
But those low interest rates have benefited you by pushing asset (your house and stocks) prices higher than they would be in a 7% mortgage rate enviroment.
by runner540
Sat Dec 30, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5728

Re: What is your threshold for paying down debt?

It's a very personal part of personal finance: everyone evaluates the opportunity, costs and risks of debt differently. In general, taking on debt allows people to inflate their lifestyle beyond what might be prudent, and encourages a "monthly payment" mentality. And as the Wiki says ( https://www.b...
by runner540
Fri Dec 29, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 5871

Re: Retirement decision help!

Is the pension COLA'd?
by runner540
Fri Dec 29, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: First full calendar year married...a year of earning and spending in review
Replies: 5
Views: 603

Re: First full calendar year married...a year of earning and spending in review

Interesting post. Mind sharing where you live?
I couldn't follow the numbers: $130k net income - $59k spending = $71k savings
Was the $110k saving including deductions before net income?
Might be helpful to see:
Gross income
Taxes
Spending
Saving
Giving
by runner540
Fri Dec 29, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Best way to average 7% in $1M+ 401K for next 10 years
Replies: 29
Views: 2664

Re: Best way to average 7% in $1M+ 401K for next 10 years

I realize nobody has a crystal ball - but wondering what you base your pessimism for equity on? Part of the reason I'm thinking of moving out of ContraFund and pushing more into Vanguard target 2025 is (a) ContraFund is scaring me right now, and (b) I figure Vanguard has a room full of fund manager...
by runner540
Thu Dec 28, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I carry home owners insurance?
Replies: 36
Views: 2390

Re: Should I carry home owners insurance?

If it wouldn't materially hurt your finances to lose your home and need to replace it, then sure.
by runner540
Thu Dec 28, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 1759

Re: How Much Can I Spend On Rent? (Sanity Check)

How much is regular salary and how mich is variable/bonus? Never budget on your bonus. If you're going to be working a lot (implied by the comp levels and meals at work), consider whether you might just rent a room and cut costs. Thank you for your reply! My bonus will be a large part of my future ...
by runner540
Thu Dec 28, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 1759

Re: How Much Can I Spend On Rent? (Sanity Check)

How much is regular salary and how mich is variable/bonus? Never budget on your bonus. If you're going to be working a lot (implied by the comp levels and meals at work), consider whether you might just rent a room and cut costs.
by runner540
Wed Dec 27, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Being bought out of family business(C corp) - need help
Replies: 11
Views: 918

Re: Being bought out of family business(C corp) - need help

This is an easy answer: yes, she needs competent 3rd party advisors (legal, tax, and valuation). If she's not intimately familiar with the business, there are many ways the other owners can make the business look less valuable on paper than it is.
by runner540
Tue Dec 26, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4653

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

Haven't seen this mentioned yet: please make sure your wife is fully on board with and understands the implications of these decisions. I am not a lawyer, but I understand that the inheritance is her property alone until and unless she comingles it with your family/joint funds. She should be fully a...
by runner540
Tue Dec 26, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6803

Re: Can I afford a $600-650k house?

A bank would probably say yes. I am more conservative and would count only salaries: $145k/year. So your house would be 4.0x your salaries which sounds tight. Have you done a full budget with property taxes, etc? How much will your monthly housing expense increase, and where will that come from in y...
by runner540
Tue Dec 26, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Housing values
Replies: 9
Views: 876

Re: Comparing Housing values

Put both scenarios through the NYT rent vs buy calculator, note down the total cost to own for each, say over 10 years.
I recommend doing this on a computer screen (I can't see that output on mobile)
by runner540
Mon Dec 25, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 3167

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

Some of this has already been said, but I will repeat it. Immediately start saving all of your wife's income and not using any of it for expenses. That will give you a more realistic sense of what it will be like to live on your income only. At the same time it is building up your emergency fund :)...
by runner540
Sat Dec 23, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 3167

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

Income: $84K him, $80K her (part-time) From a financial standpoint, maybe you should consider a SAHD vs. a SAHM And have the Mom work full time? That sounds more comfortable financially. The current plan seems a little precarious. +1 Maybe if Dad is on a fast upward income trajectory, it would be a...
by runner540
Fri Dec 22, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 58
Views: 6708

Re: Early retirement pros and cons:

I wouldn't retire even if I didn't need the money. My job is fun, challenging, and fulfilling. I save because I may not always feel the way that I do currently and realize that I may not always be able to work. I've greatly enjoyed my job for a number of years and would like to keep things going as...
by runner540
Fri Dec 22, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan forgiveness
Replies: 12
Views: 1641

Re: Student loan forgiveness

I would take $130k cash - $xk emergency fund, and pay off the student loans. If $x is $20k, you can pay off $110k of the loans immediately, and knock out the other $30k in less than a year with your income or your taxable investments. Here's why: Your wife's (and your) life choices are severely rest...
by runner540
Wed Dec 20, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Large US Bank tracking cash transactions @$500 & over
Replies: 4
Views: 924

Re: Large US Bank tracking cash transactions @$500 & over

Time to switch to Bitcoin! :D Sounds like they are being conservative on their policies that the regulators/legislators put in place. This is a way to catch folks who deposit $3k one day and $7k another day to stay under the $10k limit. What data did the bank get that it didn't already have about you?