Search found 306 matches

by sailaway
Sun Sep 23, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 39
Views: 1768

Re: How to pay for upcoming medical / IVF expenses

The only people I have heard of getting IVF for $20k without insurance have done medical tourism. Putting together the pieces (lots of medical expenses this year, in a hurry despite being early 30s), I suspect there is something very serious happening here. I suggest you both get into counseling so ...
by sailaway
Fri Sep 21, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3687

Re: Reverse Mortgages - Pros, Cons

Research? You call this research? Never heard of this guy so I read thru the link. Guess what, gee, in order to learn the secrets of reverse mortgages, you hafta Buy His Book! What a load of baloney. :P :P :P You could check with your local library. You could clearly use some more reading on retire...
by sailaway
Thu Sep 20, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Housing co-op seeking to accept electronic payments
Replies: 8
Views: 509

Re: Housing co-op seeking to accept electronic payments

Can each person just have an automated check paying done each month, into the association's account, as if you each pay monthly to the same electric company? Or.... what does this not achieve? RM Agreed. This service is usually free and the HOA may have the option to accept it electronically after ...
by sailaway
Thu Sep 20, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Question on 401k After-Tax Conversion vs Savings
Replies: 6
Views: 309

Re: Question on 401k After-Tax Conversion vs Savings

We kind of do what you are suggesting. That is, we have not had to sell any investments, but we have let our cash holdings dwindle while we invest in after tax 401k. This is topped up every few months with ESPP and vesting RSUs, allowing us to take a monthly paycheck that doesn't cover expenses. One...
by sailaway
Wed Sep 19, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2067

Re: Home away from home

We recently stayed at a Staybridge hotel that had storage units in the building. At the time we wondered about that, but perhaps this is precisely for this kind of guest? I think a decent hotel is better than an apartment, if only for the housekeeping. One thing my parents did when Dad started trave...
by sailaway
Wed Sep 19, 2018 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2095

Re: HELOC as a bonds replacement for drawing down from in a downturn?

So, you plan to draw equity from your home as it is falling? Is this theoretical home paid off other than the HELOC? What if your HELOC only has a 5 year draw period and the crash comes in year 6? As I replied just above to someone else, what if you released equity into an offset account so that it...
by sailaway
Wed Sep 19, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2095

Re: HELOC as a bonds replacement for drawing down from in a downturn?

So, you plan to draw equity from your home as it is falling?

Is this theoretical home paid off other than the HELOC?

What if your HELOC only has a 5 year draw period and the crash comes in year 6?
by sailaway
Tue Sep 18, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with exorbitant commission/transfer fees - Worth it?
Replies: 3
Views: 254

Re: ESPP with exorbitant commission/transfer fees - Worth it?

If you use the cheapest option, you are still making a 12% profit. Perhaps not has good as the next ESPP plan, but better than most investments per quarter.
by sailaway
Tue Sep 18, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: How much to spend on rent (balancing savings) - VHCOL area
Replies: 11
Views: 826

Re: How much to spend on rent (balancing savings) - VHCOL area

We chose to get a roommate in order to rent where we wanted to be without compromising our savings goals. We also saved money by being in the only residential development in the middle of a business park. I still don't quite understand why that makes rent slightly cheaper than the residential neighb...
by sailaway
Tue Sep 18, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: 401(a) Transfer issues....
Replies: 3
Views: 263

Re: 401(a) Transfer issues....

I opened a new traditional IRA to rollover my 401a. If you are trying to keep a backdoor Roth open, perhaps you could then rollover the IRA into your current employer's account?
by sailaway
Mon Sep 17, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need help in solving Tenant landlord issue
Replies: 26
Views: 2315

Re: Need help in solving Tenant landlord issue

Your best reource will be your local tenants' association/council/whatever it is called in your area. Almost everywhere has some kind of local tenants' advocacy group familiar with the local laws and customs.
by sailaway
Mon Sep 17, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6745

Re: Is there such thing as saving TOO much?

The only way to save too much is to be miserable or risking your health by your choices.
by sailaway
Sun Sep 16, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 2872

Re: Experiences downsizing to single car

What kind of emergency would require her to use the car in a five hour period? Are there not ambulances and neighbors for true emergencies?
by sailaway
Fri Sep 14, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Selling car to out of state buyer- funds
Replies: 19
Views: 1135

Re: Selling car to out of state buyer- funds

jehovasfitness wrote:
Fri Sep 14, 2018 7:07 pm
Hes coming here.
Have him cash the check and you deposit the cash.

Or, if you get good vibes once you meet him, just have him go with you to the bank to deposit the check.
by sailaway
Fri Sep 14, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Selling car to out of state buyer- funds
Replies: 19
Views: 1135

Re: Selling car to out of state buyer- funds

Will likely being selling a Vette for $23k to a buyer in VA. I'm in MD. Spoke to him on the phone and he seems legit. No red flags popped up. Seeing as most dont want to carry that much cash, he suggested a certified check from his credit union. Is it suggested I take this to my bank to ensure it's...
by sailaway
Fri Sep 14, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4933

Re: Shorts in Egypt

Thanks for the tips so far. I highly recommend against it. And not just culturally: in addition to being hot, the sun will be strong. Look into lightweight, quick dry, high spf pants, instead. I get mine at Costco for a fraction of the price of the well known sorting brands like Columbia. They can ...
by sailaway
Fri Sep 14, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4933

Re: Shorts in Egypt

I highly recommend against it. And not just culturally: in addition to being hot, the sun will be strong. Look into lightweight, quick dry, high spf pants, instead. I get mine at Costco for a fraction of the price of the well known sorting brands like Columbia. They can often feel even cooler than s...
by sailaway
Fri Sep 14, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3188

Re: How to help teenager fix silly mistakes in math?

This sounds like boredom. If so, making the process more meticulous is not going to help. Try more challenging types of math, with real world applications and therefore real world consequences. Cooking, chemistry sets, drawing, CAD drawing...it all depends on the current focus. Also, am I to underst...
by sailaway
Fri Sep 14, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Using 401k loans to max tax advantaged accounts early in career
Replies: 24
Views: 1240

Re: Using 401k loans to max tax advantaged accounts early in career

It seems like an unnecessarily complicated way to increase your risk. -Have you verified that your plan allows you to make contributions while you have an outstanding loan? -Does your plan charge an administration fee for the loan? -Are you sure that you don't have to start making payments immediate...
by sailaway
Wed Sep 05, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 5725

Re: Selling a car to CarMax

CarMax wouldn't even look at our 2006. The guy who called to confirm my appointment left work two hours prior to the appointment. As soon as he heard "2006," the guy who offered to help me in his stead deflated. I was quite pissed with the whole experience. They wasted more of my time than any indiv...
by sailaway
Wed Sep 05, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: $30k - To buy condo or pay down student loans?
Replies: 8
Views: 551

Re: $30k - To buy condo or pay down student loans?

In most of Southern California, you will save more by renting than buying. For us that was true even with a 20% down payment. Is the 3.5k mortgage including taxes or just principal and interest? What is the HOA? Is there Mello Roos? How long have you been working to save up your current balances? Wi...
by sailaway
Sun Sep 02, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: calculating employer contribution for solo 401k
Replies: 8
Views: 501

Re: calculating employer contribution for solo 401k

This is trickier than you may think. SE tax is a consideration. But more confusingly, if you're planning on doing after-tax contributions, I believe "your compensation", the amount available total contributions, is reduced by your employer contribution. (Don't quote me on that though.) Why would on...
by sailaway
Sat Sep 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: What about Earnings in MEGA Backdoor?
Replies: 4
Views: 320

Re: What about Earnings in MEGA Backdoor?

When doing a MEGA Backdoor Roth IRA, do you only convert the After-Tax Contributions to a Roth IRA, or Contributions & Earnings ? If the former then I assume there are no forms or anything I would have to do at tax time. But if the latter, then do I get a (1099?) saying what taxes I owe on the Earn...
by sailaway
Sat Sep 01, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 6906

Re: Daily Driver (Car) Over 100K Miles?

I would be PISSED if a car didn't cruise past 100k! However, having has the current car for 9+ years, I don't really recall what the mileage was on any of the cars I gave up on when repairs were costing more a month than payments on a new car. 125k on the way to the lake this morning. Nothing but ba...
by sailaway
Thu Aug 30, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan with ROTH contributions
Replies: 16
Views: 1142

Re: Pay off student loan with ROTH contributions

I find this a fascinating topic because I'm considering the same thing. The funny thing is if you rephrased the question as should I pay off my 6% SL or invest in a Roth IRA, I would be the answers would be completely different. I doubt it, 6% is about borderline for where the cut off would be to c...
by sailaway
Thu Aug 30, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Roth IRA at 20 and never touch again
Replies: 21
Views: 1492

Re: Investing in Roth IRA for Triplets breakdown

Wait,..they are adults? Why wouldn't they contribute anymore? It's not your account to transact on, it's theirs. Yes, but remember when you were 20? A little more history. I made them save all their earnings and put into the Roth. Hate me now Love me later. Give them some fish: feed them for the da...
by sailaway
Thu Aug 30, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Roth IRA at 20 and never touch again
Replies: 21
Views: 1492

Re: Investing in Roth IRA for Triplets breakdown

When I was 20, I was independent of my parents. You seem to think your kids are less than adults and have a plan to continue to treat them like that for the foreseeable future. Not unusual for parents, but rather at odds with planning for their retirement. Hand over the accounts, explain that they a...
by sailaway
Thu Aug 30, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Early retirement and withdrawal strategy for retirement accounts
Replies: 26
Views: 3017

Re: Early retirement and withdrawal strategy for retirement accounts

Could the existence of a substantial taxable account provide a sufficient hedge against potential income shortfalls? It depends. If the taxable account is large enough, you don't need to do 72t. If you are counting on using up the taxable account and using the 72t to fill the shortfall, then you ar...
by sailaway
Thu Aug 30, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on how to save more
Replies: 11
Views: 1407

Re: Need advice on how to save more

Since the income from my wife's business is just additional income, we're planning to save whatever the maximum is, so it continues to grow and save us on self-employment tax. Is this a good move? Probably. The question about the traditional balance at retirement goes to whether you will have "too ...
by sailaway
Thu Aug 30, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?
Replies: 30
Views: 3556

Re: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?

Nissanzx1 wrote:
Wed Aug 29, 2018 10:56 pm
Small rooms, with 2 patients per room.
If that is the worst you have to say about it, it doesn't sound bad at all.
by sailaway
Wed Aug 29, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7502

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

I would give some kind of money to the 4th child. It would throw the child off guard and possibly bring peace to the family relationship. Situation 1: Split it 4 ways. But this was against your sisters wishes. Situation 2: Since you said it wasn't much money and you wouldn't mind doing so, split th...
by sailaway
Tue Aug 28, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 5
Views: 315

Re: Backdoor Roth question

This is money that is going to be taxed now no matter where it is put. That is, backdoor and mega backdoor are usually used after all other available tax shelters. By finangling it into a Roth account, you can avoid paying taxes on the growth. In many cases, folks earning above the Roth IRA cut off ...
by sailaway
Tue Aug 28, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to retire early. Is my math right?
Replies: 29
Views: 3702

Re: Wanting to retire early. Is my math right?

Are you currently living on $20k or will that represent a cut in expenses? Many people find that they spend more with more free time, even on their volunteering jobs. Does $20k allow for fixing the roof or an HOA assessment? We have decided that we don't want to tie ourselves into our current lifest...
by sailaway
Tue Aug 28, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4825

Re: Done saving for retirement according to firecalc?

Everyone needs to make their own decisions, but I prefer to save a bit more now and just retire. But then, I haven't been able to find any fulfilling part time jobs.
by sailaway
Tue Aug 28, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right path
Replies: 28
Views: 1525

Re: Am I on the right path

Our annual spending is very low. We are not the average Americans that blow money eating out, want the bigger house, want granite countertops, new fancy cars, we don't have Wi-Fi or cable. It's all nonsense to us. Who expects to blow money on eating out, with a big house, granite counter tops and f...
by sailaway
Tue Aug 28, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right path
Replies: 28
Views: 1525

Re: Am I on the right path

The general rule of thumb for 40 is 2.6 times your salary. How does that compare? It looks like your retirement is the entirety of your long term savings. How does it compare to your annual spending? How generous is your emergency fund? Does it include sinking funds to cover long term house or car r...
by sailaway
Tue Aug 28, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Taxable account for early retirement
Replies: 18
Views: 1146

Re: Investing in Taxable account for early retirement

Not only do we max out 401K and RothIRAs, we contribute any extra to after tax 401K for Mega Backdoor Roth before we contribute to taxable accounts. Last year, we hardly added anything to our taxable accounts. We will be able to pull out all of those Roth contributions at will by the time we actuall...
by sailaway
Tue Aug 28, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2194

Re: Summer Day A/C Issues

Have you had anyone take a look at your ducts? Why would you replace the unit then have the ducts cleaned, rather than having the ducts cleaned and verified as a starting point?
by sailaway
Thu Aug 23, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21652

Re: Decent compensation to move to Bay Area CA?

When you get an offer for $500K salary (bonuses and RSUs extra), then consider moving. This is a good one, will try for myself :D I am not kidding. Moving is expensive and disruptive. There is a chance you might not like it. It is disruptive for family, especially for kids. The new job might not wo...
by sailaway
Thu Aug 23, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21652

Re: Decent compensation to move to Bay Area CA?

The RSUs sound really low for a tech lead in this hiring climate (great for the skilled worker). Maybe that's just the first year? By year four, as a TL, one would expect equity and bonus to be approaching the same amount as your base salary (caveat: my anecdotal understanding of peers in FAANG-typ...
by sailaway
Thu Aug 23, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Where to stash funds for adult daughter?
Replies: 15
Views: 1848

Re: Where to stash funds for adult daughter?

You have 20k in unrealized gains in several years? The reason to clarify is that this doesn't sound right and it might affect the best way to approach taxes. Actually, they are taking a tax hit every year, so some of those gains are indeed realized. A couple of assumptions: if you have it in a 2050...
by sailaway
Wed Aug 22, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up Backdoor Roth IRA, can't figure out where to stuff IRA
Replies: 20
Views: 1765

Re: Setting up Backdoor Roth IRA, can't figure out where to stuff IRA

I am probably making this up, but I was under the impression that most 401k plans will not allow you to roll in an IRA after you have left the company.
by sailaway
Tue Aug 21, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: All figured out
Replies: 20
Views: 2213

Re: Made a big mistake with HSA and looking to fully inform myself before my meeting with accountant.

Get a grip. What a hysterical reaction. This is not TAX FRAUD (scream ). When OP filed his returns he in good faith believed his policy was conforming. Have you read the rules on insurance plans? They are highly technical and I defy you to make a definitive ruling based on a description of a plan. ...
by sailaway
Tue Aug 21, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: All figured out
Replies: 20
Views: 2213

Re: Made a big mistake with HSA and looking to fully inform myself before my meeting with accountant.

I say no harm no foul. You did a good faith effort to follow the rules. Change your insurance to a conforming plan and continue with your contributions to the HSA. If the IRS catches up with you (not likely), plead ignorance and pay the penalties. You will be no worse off than if you try to fix it ...
by sailaway
Tue Aug 21, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Non-Traditional college financing
Replies: 8
Views: 507

Re: Non-Traditional college financing

Re-read GreenGrows post again and be sure to check with your specific college. If your son is doing so well, it surprises me he hasn't come into any departmental or college scholarships by now. Also, he should care. These "throw away" classes can be chosen to show a genuine interest in his own futur...
by sailaway
Tue Aug 21, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11923

Re: Is a million really the benchmark for retirement

One thing that I have not seen mentioned is that your retirement income needs will be different in different phases of retirement. I have seen relatives naturally slow down in about their mid 70's even though they were in relatively good health. At they point they had little desire to do things lik...
by sailaway
Mon Aug 20, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11923

Re: Is a million really the benchmark for retirement

you can set 1 mil as a milestone target. with 1 mil and proper investment to beat the inflation assuming you withdraw 3% , it would last 30 years of your retirement. Assuming you would also get 20k from SS, so the total $50k would get you some sort of "decent" retirement cost covered. But would thi...
by sailaway
Mon Aug 20, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: How much clothing do you need to get by?
Replies: 20
Views: 2187

Re: How much clothing do you need to get by?

Will your colleagues actually notice if you wear the same suit with a different tie and shirt? I can still support two suits, because I am prone to getting food and gunk on anything I wear. But it doesn't seem like you need two right now if you have up to two days a week (aka, many weeks only have o...
by sailaway
Fri Aug 17, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Boats to Autos
Replies: 24
Views: 1425

Re: Comparing Boats to Autos

In the price range you are looking at, you will be getting used, so the single most important issue is maintenance and current condition, not original build quality. Maxums tend to have exhaust issues, but if a previous owner has addressed that, the boat will be fine for you. You also need to get a ...
by sailaway
Fri Aug 17, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2149

Re: Financially Wise to Help Adult Child Buy Larger House

My daughter is responsible in that mortgage and bills are paid, but they are undisciplined in saving and spent more for entertainment thank they “should”. They are in their mid 40s with 1 child. Then encouraging them to buy a larger house seems irresponsible. What if you gift them the money and the...