Search found 176 matches

by cchrissyy
Thu Oct 22, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2408

Re: Payoff rental mortgages?

gr7070 wrote: Thu Oct 22, 2020 11:38 am I'd pay off both #2s.

After that I'd go with personal #1 and/or taxable increasing.
exactly this
by cchrissyy
Wed Oct 21, 2020 9:09 pm
Forum: Personal Investments
Topic: ETFs: VTI vs. SCHB [Total Stock vs. US Broad Market]
Replies: 26
Views: 19301

Re: ETFs: VTI vs. SCHB [Total Stock vs. US Broad Market]

in the years since the thread began, schwab fees changed and now ETFs are free to trade, including VTI
by cchrissyy
Wed Oct 21, 2020 2:13 am
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 153
Views: 12977

Re: Where do you buy coffee beans?

in the SF bay area my favorite roasters are Ritual and Highwire, and when i order online from further away my strong favorite for 3 orders in a row right now is Onyx
by cchrissyy
Wed Oct 21, 2020 12:18 am
Forum: Investing - Theory, News & General
Topic: OK to hold Total Bond Mkt in taxable acct?
Replies: 46
Views: 2446

Re: OK to hold Total Bond Mkt in taxable acct?

Why would you want higher growth assets in tax-deferred than taxable? Anything that comes out of tax-deferred is at ordinary income.
because my taxable account is "too big" compared to the others
by cchrissyy
Wed Oct 21, 2020 12:01 am
Forum: Investing - Theory, News & General
Topic: OK to hold Total Bond Mkt in taxable acct?
Replies: 46
Views: 2446

Re: OK to hold Total Bond Mkt in taxable acct?

Yes the first thing is adjust your expectations, the 30 day SEC for BND is 1.2%

and yes i hold it in taxable because the rate is so low and because i want my highest long run growth to happen in the tax-deferred and tax-free accounts, therefore they're all stock.
by cchrissyy
Tue Oct 20, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 4.99% car loan early? Will it affect credit?
Replies: 16
Views: 1064

Re: Pay off 4.99% car loan early? Will it affect credit?

paying it off is a smart move i did once have a credit score drop significantly after paying off a car loan, and the reason was that the loan account's age was higher than the average of all my remaining accounts. i don't know if that might apply to your case. but again, paying off a loan is wise, e...
by cchrissyy
Mon Oct 19, 2020 9:48 pm
Forum: Personal Investments
Topic: Is it possible to track 1 stock held in multiple Vanguard accounts, as a single holding??
Replies: 13
Views: 899

Re: Is it possible to track 1 stock held in multiple Vanguard accounts, as a single holding??

I was about to move everything to Schwab but I was about to stay silent on Schwab thinking it wouldn't be actionable for you at Vanguard but if you were already considering the move you may like to know they make it very easy to see what you are asking for. When I sign in, the first thing i see is ...
by cchrissyy
Mon Oct 19, 2020 9:29 pm
Forum: Personal Investments
Topic: Ok have about 1.7 million and want to buy a new home
Replies: 11
Views: 1471

Re: Ok have about 1.7 million and want to buy a new home

No kids , plan to leave estate to National Park.. I told my wife let’s just do it ,,, why leave it all for someone else... We live below our means and I think it’s time to step up a little I completely agree with this thinking and i would add that spending on the house isn't even like all the other...
by cchrissyy
Sun Oct 18, 2020 8:40 pm
Forum: Personal Investments
Topic: not entirely new, but knowledge is power right?
Replies: 36
Views: 3136

Re: not entirely new, but knowledge is power right?

When i opened up my brokerage they told me its a good start to use SWYMX, i wasn't aware that i could switch out from SWYMX to another within my fund. The brokerage told me there was a-penalty of removing the money in that account before $5k? EDIT: My brokerage is Schwab hey i just want to stop you...
by cchrissyy
Sun Oct 18, 2020 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Let’s discuss my rental dilemma
Replies: 41
Views: 4906

Re: Help me unwind a terrible financial (and life) decision

consider renaming this "I'm understandably stressed by a deadline and a baby and the pandemic but the money is fine"
by cchrissyy
Sun Oct 18, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2nd house, for Univ. kids/students
Replies: 41
Views: 3065

Re: 2nd house, for Univ. kids/students

Mrxyz wrote: Sun Oct 18, 2020 1:40 pmBTW, one kid pays around $8000 per year for dorms = $24,000 over 3 years which I 'save' - at least in theory.
i think the better comparison for what you save is the 400 per month that you think is the fair price for a room rental in a house for the next 3 years
by cchrissyy
Sun Oct 18, 2020 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Why is real estate property part of net worth? [Why should I downsize?]
Replies: 35
Views: 3266

Re: Why is real state property part of net worth?

Suppose that in 20 years I want to retire and I can sell my home for 1 million (or whatever) and downsize to a house that costs 800 000. I will have to pay property taxes of the house that cost 800 000 Can you help me to see the good thing here? What is the point of selling and downsizing? one good...
by cchrissyy
Sat Oct 17, 2020 6:48 pm
Forum: Investing - Theory, News & General
Topic: Student Loans vs. Retirement Accounts.
Replies: 27
Views: 1576

Re: Student Loans vs. Retirement Accounts.

I suppose the question is whether you would pay T x $17.252.21 for the guarantee of a 7% return. I'm not familiar with how taxes should be applied to this figure (and would obviously depend on variables) but for simplicity if we assume a flat 10% for T, you are paying $1,725.22 for the guarantee, a...
by cchrissyy
Sat Oct 17, 2020 1:40 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1543

Re: Vanguard ETF 3-fund Portfolio through Schwab

"My question is as follows - is there anything wrong, foolish, or disadvantageous about building a traditional vanguard 3-fund portfolio with ETFs(VTI, VXUS, BND) using Schwab as my brokerage?"

nope, it's a good plan!
by cchrissyy
Mon Oct 12, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Putting property in trust for privacy
Replies: 29
Views: 1912

Re: Putting property in trust for privacy

Since I knew this at the time of purchase I had a revocable trust written just for the house and titled it in such a way that did not have my name as any part of it. At the time of the sale the trust was the entity that took possession of the house. I am happy with my decision although I don’t thin...
by cchrissyy
Sun Oct 11, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Starter Home vs. Forever Home
Replies: 60
Views: 5455

Re: Starter Home vs. Forever Home

I can't comprehend that commute plus the word "forever". yikes.
by cchrissyy
Sun Oct 11, 2020 4:18 pm
Forum: Personal Investments
Topic: Aunt wants help with finances, insists I get a middle name for added security?
Replies: 55
Views: 4387

Re: Aunt wants help with finances, insists I get a middle name for added security?

goodness no!

something seems seriously wrong with your aunt here, either she's misinformed or has thinking problems

if she needs to identify you beyond Jane Doe you can be "my niece, Jane Doe"
by cchrissyy
Sun Oct 11, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10210

Re: "Nice" furniture recommendations

your question reminds me of my folks in the 80s and 90s with big heavy pieces from Ethan Allen

my best stuff is Room and Board and if you can afford it I highly recommend them in terms of quality and style

the rest of my furniture is crate and barrel (or CB2) and west elm
by cchrissyy
Tue Oct 06, 2020 2:02 am
Forum: Personal Investments
Topic: What is your 529 AA?
Replies: 22
Views: 1409

Re: What is your 529 AA?

80/20 and that may sound aggressive for high schoolers, but it's always been a smallish account so the returns won't make or break any decisions. I expect to leave it alone until the youngest kid's last year.
by cchrissyy
Mon Oct 05, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for mortgage with "no income"
Replies: 39
Views: 4411

Re: Applying for mortgage with "no income"

i disagree with the framing that they have no income or that they need an asset-based mortgage. they have income and they have a contract to prove it. if the first bank they talk to requires 12 months payments already received, look for another bank. if it was me, i would call my credit union becaus...
by cchrissyy
Thu Oct 01, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying half a house
Replies: 65
Views: 5007

Re: Buying half a house

Then, when she has to move out (she needs more care than I can give) or passes away, I would buy my brother out of his half and just stay there... a nice house in a nice place and it's close to family. I could live there until I am too old to care for it--about 25-30 years. Plus, on a selfish level...
by cchrissyy
Thu Oct 01, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying half a house
Replies: 65
Views: 5007

Re: Buying half a house

this sounds like a huge mistake even if all the legal, financial, and relational aspects went perfectly well, the purchase sounds almost worthless! How can there even be a market price for a house that is legally a part of somebody else's house. It's not just his land it's an extension of his actual...
by cchrissyy
Thu Oct 01, 2020 12:21 am
Forum: Personal Investments
Topic: First Taxable Account - Help with Setup
Replies: 7
Views: 893

Re: First Taxable Account - Help with Setup

I think your plan is ok, but, there is no need to prioritize tax loss harvesting this much. It's not a big deal and you don't have to do it.
by cchrissyy
Tue Sep 29, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15703

Re: Friend on the verge of financial ruin, how to help?

Kelrex wrote: Tue Sep 29, 2020 6:49 am I GUARANTEE you that she does not see her situation the same way you do. If she did, she would behave differently.
Right! We know she doesn't see herself as "on the verge of financial ruin" because the way she sees it, she has enough money to give away every month.
by cchrissyy
Wed Sep 23, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to deliberately underpay the IRS due to low interest rates?
Replies: 11
Views: 1478

Re: Does it make sense to deliberately underpay the IRS due to low interest rates?

Would it make sense to choose not pay the IRS on this sum all at once, and instead deliberately enter into a payment plan with them due to current low rates? As long as I pay 110% of tax from 2019 by Jan 15, I will not have a penalty, right? i don't think you'll have a penalty or interest for not m...
by cchrissyy
Mon Sep 21, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: stand up freezer for garage
Replies: 26
Views: 1563

Re: stand up freezer for garage

I think the delays are bad everywhere. I ordered a basic fridge/freezer from Costco in July and it was supposed to deliver the next week but got rescheduled or no-showed many times and only recently arrived. I think it was the distribution center or delivery teams fault, not costco itself. I conside...
by cchrissyy
Mon Sep 21, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce - Need Help, California
Replies: 40
Views: 4102

Re: Divorce - Need Help, California

In my area, lawyers and councelors have enough Yelp reviews to help decide who to call. Make sure you interview more than one.
by cchrissyy
Mon Sep 21, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4729

Re: Reason not to rent out your old house?

One key difference i don't see written yet is if you keep it as a rental, the ongoing income will be taxed every year, whereas, if you invested in the stock market and don't sell shares only the interest and dividends would be taxed. So you have control about if and when to take those gains.
by cchrissyy
Sun Sep 20, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19636

Re: How Much House Can We Afford in HCOL Area?

To me, scenario 2 isn't comfortable to me even though I have $800K in cash. If I put that $700K in the market and then keep $100K in emergency funds, that would only grow to be $11,400/year ($950*12). Seems like one major home repair or unseen circumstance would wipe out a significant portion of th...
by cchrissyy
Wed Sep 16, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19636

Re: How Much House Can We Afford in HCOL Area?

another way to mentally estimate your equity current market value times 0.9 minus current mortgage balance the 0.9 is my factor to say costs of sale will be 10% not just the realtor but legal fees, staging, landscaping, whatever this way you don't have to keep track of the down payment amount, month...
by cchrissyy
Wed Sep 16, 2020 6:15 pm
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

Look on the bright side. After this fire season, there won't be any forests left to burn for 20 years. That's brilliant I never considered that, as horrific as it sounds! And I've had my fair share of marginally untouched nature over the last 5 decades. :sharebeer If you read the thread you will fi...
by cchrissyy
Wed Sep 16, 2020 6:04 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13976

Re: Is this guy trying to scam me on a car I'm selling?

My biggest red flag here is the sheer volume of unnecessary detail. This guy has disclosed FAR too much about his personal locations and scheduling habits, his job role and locations, his banking, etc. You didn't ask for any of it and these things are not normally disclosed to strangers. I'm not sur...
by cchrissyy
Wed Sep 16, 2020 5:22 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13976

Re: Is this guy trying to scam me on a car I'm selling?

As stated, I am the project construction manager, which is basically herding cats…to mitigate inevitable hazards, I try to minimize my time away. There is a LOT of weird stuff going on with this guy. However, based on the above alone I would be shocked if this dude turned out to be a foreign scamme...
by cchrissyy
Wed Sep 16, 2020 12:59 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13976

Re: Is this guy trying to scam me on a car I'm selling?

Charles Schwab Bank, a known and respected financial institution
Lol

As a longtime Schwab customer I mean, ok, they are known and respected. Sure. I just can't imagine a situation where I would ever type out those words as part of purchasing something.
by cchrissyy
Thu Sep 10, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11916

Re: Should we buy a $3M+ house with parental help?

If the money was a gift with no strings attached i think it's lovely and would act on it right away. but the framing that you would pick something "to raise a family in" feels like pressure to me. you don't have kids yet and you should not be rushed to have them! things like school districts don't n...
by cchrissyy
Sat Sep 05, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home at a loss
Replies: 55
Views: 6098

Re: Selling home at a loss

how long have you even owned it? this sounds like an emotional reaction except instead of getting cold feet and backing out before completing the sale, the feeling hit you guys a little later. the talk about "good schools" makes no sense. your only child is daycare age. sure, you may decide to move ...
by cchrissyy
Thu Sep 03, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19636

Re: How Much House Can We Afford in HCOL Area?

Sorry, I have not read the entire thread. I'm not sure if this has been mentioned, but maybe consider a 2 bedroom apartment right now? I've heard from multiple sources, that rents have fallen 20%. Sunnyvale and surrounding areas. I've heard you can get a very nice, but not luxurious, 2bed/2bath for...
by cchrissyy
Thu Sep 03, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19636

Re: How Much House Can We Afford in HCOL Area?

We can't stay in our 1br rental much longer, both because there will be a 2nd kid in January, and also because with COVID his parents can't get to us (they don't drive and can't take public transit) so we have to move closer to them. This seems to be the crux of the issue that was not put so plainl...
by cchrissyy
Sat Aug 29, 2020 11:41 pm
Forum: Personal Investments
Topic: Child will work while attending college
Replies: 12
Views: 1042

Re: Child will work while attending college

what i did at that age, and recommend for her, is a roth ira. if this is W2 income she can contribute every dollar they pay her up the the irs annual contribution limit by opening an individual account at schwab or vanguard or whatever and transferring it there from her bank. there is no need to inv...
by cchrissyy
Sat Aug 29, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Co-Signing mortgage for parents
Replies: 29
Views: 2329

Re: Co-Signing mortgage for parents

yeah i am not even remotely an expert. just a california boglehead

https://www.nolo.com/legal-encyclopedia ... u-die.html
I've always liked information from nolo press
by cchrissyy
Fri Aug 28, 2020 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Co-Signing mortgage for parents
Replies: 29
Views: 2329

Re: Co-Signing mortgage for parents

don't forget if you don't own it, the state will consider it their asset in terms of medicaid and elder care expenses. also, based on the incomes it seems that the deduction of mortgage interest and property taxes is much more valuable to you than it is to them. this requires further investigation a...
by cchrissyy
Mon Aug 24, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Money from Bank to Brokerage Account
Replies: 18
Views: 804

Re: Transferring Money from Bank to Brokerage Account

Once they are electronically linked i would do it as one big transfer, unless one of the companies involved has a lower limit. If so, drop the ACH idea and either do a wire or a paper check. My bank will print a check written from me to myself for no charge and mail it to my house if i don't mind wa...
by cchrissyy
Mon Aug 24, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: May make a transfer from my taxable back to my checking for a purchase....taxes??
Replies: 12
Views: 874

Re: May make a transfer from my taxable back to my checking for a purchase....taxes??

No, vanguard won't withhold taxes. But they can tell you how much unrealized gain or loss you have on the shares you plan to sell. And they will send you (and the IRS) a 1099 form so you know exactly what numbers to put on the tax return. The tax owed, if any, depends on how much of a gain you had a...
by cchrissyy
Fri Aug 07, 2020 5:28 pm
Forum: Personal Investments
Topic: Fluctuating Income - Roth IRA Question
Replies: 10
Views: 384

Re: Fluctuating Income - Roth IRA Question

...you never have to convert from one account to the other. One does have to convert if using the Backdoor Roth IRA process. I'm not suggesting he do a backdoor IRA. I'm suggesting he contribute to a traditional ira some years and contribute to a roth other years, depending which is best for him at...
by cchrissyy
Fri Aug 07, 2020 3:56 pm
Forum: Personal Investments
Topic: Fluctuating Income - Roth IRA Question
Replies: 10
Views: 384

Re: Fluctuating Income - Roth IRA Question

you can have 2 IRAs, one roth and one traditional, and leave them both open forever. every year once you know which one you want to add to based on that year's situation, do that one. every year is a one-time decision and you never have to convert from one account to the other. just leave them both ...
by cchrissyy
Thu Aug 06, 2020 12:32 pm
Forum: Personal Investments
Topic: Advice on purchase of rental property
Replies: 11
Views: 596

Re: Advice on purchase of rental property

you may be wrong that values keep rising in this neighborhood.
i assume you own your house, so if you do this your assets will be very heavily concentrated on this one physical location
by cchrissyy
Tue Aug 04, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: College tuitions and how to help our daughter pay them
Replies: 85
Views: 4951

Re: College tuitions and how to help our daughter pay them

I used to think like you do, that it was better not to tell kids how much you could afford to help because they might be less careful about money. but then i realized that people make different choices when they won't know what is available to them. and you might not know until it's too late. for ex...