Search found 37 matches

by crazcarl
Mon May 04, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Property Inheritance
Replies: 17
Views: 2125

Re: Property Inheritance

Thanks for all the responses. She was essentially the property manager of the rental. This property is valued at about $150k. So nothing crazy. When her parents stayed at her house, they did not pay any rent or care. She essentially took care of them, and he told her that the house, was for all that...
by crazcarl
Fri May 01, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Property Inheritance
Replies: 17
Views: 2125

Re: Property Inheritance

Thanks for the replies so far. Great community here.
by crazcarl
Fri May 01, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Property Inheritance
Replies: 17
Views: 2125

Property Inheritance

Looking for advice for MIL. She recently inherited a house from the passing of her father (her mother passed 4 years ago). She has 4 other siblings that were not included with this part of the inheritance. All 5 of them split the rest of the estate. All, but one other, of her siblings live out of st...
by crazcarl
Wed Mar 11, 2020 8:35 pm
Forum: Personal Investments
Topic: Refinance cash-out to invest in market
Replies: 8
Views: 596

Re: Refinance cash-out to invest in market

@ 2.75%, I would take as much as I could out to invest. I am actually selling my house, not refinancing, so essentially doing the same thing...
by crazcarl
Mon Jan 20, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Any liveaboards here?
Replies: 47
Views: 6318

Re: Any liveaboards here?

My Family and I are on year 4 of our 5 year plan to set off. The cruising kitty is topped, we are just finishing the last bit of savings and investing for the boat. We are planning on a 40-43 ft catamaran. We have sailed both 40 foot monos, and recently 44 ft catamaran, and they are different and b...
by crazcarl
Wed Jan 08, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Loan or no Loan [Boat]
Replies: 27
Views: 1535

Re: Loan or no Loan [Boat]

Thanks for all the responses. If you are not willing or able to pay for this adventure with cash, please reconsidered. You are not weighing all the risk factors in using this boat as your lone residence and the income from your investments. Don’t want anything like this happening to you: https://www...
by crazcarl
Fri Dec 13, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Loan or no Loan [Boat]
Replies: 27
Views: 1535

Re: Loan or no Loan [Boat]

What is your other debt load like? Making this decision with zero other debt is one thing, if you have debt for cars, college, house(s), home equity... that's another. With zero debt, I might arbitrage- get a loan for the boat and keep my money invested in the market. With other debt on hand, I'd l...
by crazcarl
Fri Dec 13, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Loan or no Loan [Boat]
Replies: 27
Views: 1535

Re: Loan or no Loan [Boat]

I did not factor in the tax deduction. Forgot about that part. So that would make the loan look even better. Boat would probably be about 5 -7 years old when purchasing. I am ignoring maintenance, as that would not factor into this decision. Thinking of a Lagoon 450 Catamaran. Because this is our h...
by crazcarl
Fri Dec 13, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Loan or no Loan [Boat]
Replies: 27
Views: 1535

Re: Loan or no Loan [Boat]

I did not factor in the tax deduction. Forgot about that part. So that would make the loan look even better. Boat would probably be about 5 -7 years old when purchasing. I am ignoring maintenance, as that would not factor into this decision. Thinking of a Lagoon 450 Catamaran. Because this is our ho...
by crazcarl
Fri Dec 13, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Loan or no Loan [Boat]
Replies: 27
Views: 1535

Loan or no Loan [Boat]

I want to try to stay on topic as much as possible with this. My family and I are moving on a boat. We will eventually sell the house to do this. The question is whether or not to finance the boat cost. Using round numbers: Total Borrowed $250,000 Term Length 20 year Rate 4.50% Total Interest Paid $...
by crazcarl
Thu Dec 12, 2019 10:40 am
Forum: Investing - Theory, News & General
Topic: Dividend harvesting in IRA?
Replies: 6
Views: 584

Re: Dividend harvesting in IRA?

I know there are the different dates, and that if you hold after the one date, and still sell before the dividend is paid, you still collect the dividend . I also know that if this was in a brokerage account, you wouldn't want to do this do to the capital gain / tax consequences. But why not do it ...
by crazcarl
Wed Dec 11, 2019 4:53 pm
Forum: Investing - Theory, News & General
Topic: Dividend harvesting in IRA?
Replies: 6
Views: 584

Dividend harvesting in IRA?

I have been trying to research and look into this topic, after a buddy at work asked me my thoughts. All of this would be in a 401k or IRA of some sort, so no tax consequences. Is it possible to sell a fund, still collect the dividend, then buy back in after it has dropped? I normally just stock pil...
by crazcarl
Mon Mar 04, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: Any liveaboards here?
Replies: 47
Views: 6318

Re: Any liveaboards here?

My Family and I are on year 4 of our 5 year plan to set off. The cruising kitty is topped, we are just finishing the last bit of savings and investing for the boat. We are planning on a 40-43 ft catamaran. We have sailed both 40 foot monos, and recently 44 ft catamaran, and they are different and bo...
by crazcarl
Fri Aug 17, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6636

Re: Savings rate per month???

around 80-85% I believe, 11,000 total household income per month max my 401k, wife's 403b and 457, tIRA for both, pay extra towards very small mortgage, and throw another $2500+ into taxable accounts each month. Of course we are 33 and 34 and planning on retiring in 2 years, so we are pushing hard ...
by crazcarl
Fri Aug 17, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6636

Re: Savings rate per month???

around 80-85% I believe, 11,000 total household income per month max my 401k, wife's 403b and 457, tIRA for both, pay extra towards very small mortgage, and throw another $2500+ into taxable accounts each month. Of course we are 33 and 34 and planning on retiring in 2 years, so we are pushing hard ...
by crazcarl
Fri Aug 17, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6636

Re: Savings rate per month???

around 80-85% I believe, 11,000 total household income per month max my 401k, wife's 403b and 457, tIRA for both, pay extra towards very small mortgage, and throw another $2500+ into taxable accounts each month. Of course we are 33 and 34 and planning on retiring in 2 years, so we are pushing hard a...
by crazcarl
Wed Apr 18, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Checking in -- fresh ideas?
Replies: 16
Views: 3222

Re: Checking in -- fresh ideas?

I second the Roth conversions. If these are ignored, RMDs will be extremely high with those numbers in tax deferred.
by crazcarl
Thu Apr 12, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 8942

Re: Could you support family on 1 income?

Well since my wife's whole salary pays for 403b max, 457 max, and all healthcare, which leaves us $250 every other week, and I max 401k, and bring home $1400 every other week after all said and done, it could be accomplished easily. There would be less to the retirement accounts seeing as healthcare...
by crazcarl
Tue Jan 02, 2018 4:59 pm
Forum: Personal Investments
Topic: Another 403(b) question!
Replies: 13
Views: 1443

Re: Another 403(b) question!

Be sure to check all the options in the 403b. I was able to turn off the re enrolling back into the annuities in my wife's 403b. I chose my own funds with the lower fees. They also just got an option for a regular account without the annuities in my wife's 403b, so I elected to transfer the 10% with...
by crazcarl
Tue Jan 02, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: Advice needed for paypal transaction
Replies: 14
Views: 1417

Re: Advice needed for paypal transaction

Did you receive an email stating you received the money? Or did you go into your app or log into your account? One of the scams, is that they will send you an email with a link to what looks like Paypal and asks for your log in info that looks like it came from paypal saying you have a transaction w...
by crazcarl
Tue Jan 02, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 176
Views: 23188

Re: 2018 Hedge Fund contest

LONG:
F
T
VALE



SHORT:

CHK
GE
TGT
by crazcarl
Fri Dec 29, 2017 11:02 am
Forum: Personal Investments
Topic: 2018 Financial Plan [24 year old]
Replies: 19
Views: 1719

Re: 2018 Financial Plan [24 year old]

at 24, I would suggest getting rid of any bond funds. as of now they are a bigger % of your total and will drag your returns while you are so young. IMO anyone under 30 should be 100% stocks. I would also suggest investing as much Cash as you can and using the rewards credit cards for the trips and ...
by crazcarl
Thu Aug 24, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Where to stash your emergency fund
Replies: 36
Views: 7097

Re: Where to stash your emergency fund

My emergency fund is in my Credit card. My family gets a paycheck every week, from either my job or my wife's. We also get rental income, and side business income. It really does pay to have multiple streams of income. I try not to have more than $500 in my checking account.
by crazcarl
Fri Jul 21, 2017 3:31 pm
Forum: Investing - Theory, News & General
Topic: Continue stock picking or invest in index funds
Replies: 26
Views: 4028

Re: Continue stock picking or invest in index funds

I have a fun account at Robinhood. I sell and take out anything over $5000. So, if it gets to 5100, one day. I will sell and transfer $100 to my checking account. If it then drops, then I take out nothing. Lets me play around with a small amount, but also pays me for doing that some of the time.
by crazcarl
Mon Jul 17, 2017 2:03 pm
Forum: Personal Investments
Topic: Invest the rest of the year in a tax account or save toward 2018 Roth
Replies: 9
Views: 1000

Re: Invest the rest of the year in a tax account or save toward 2018 Roth

Why not both? Put it into taxable, and January 1 take $5500/$6500 out for the roth. Worst case you take a little capital gains hit, or harvest the loss. If you have a loss, maybe take it out before Dec 31 so it goes on your 2017 taxes. +1 to this But, if you have already maxed out your Roth this ye...
by crazcarl
Sat Jul 08, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: How are you a leader in personal finance?
Replies: 29
Views: 3996

Re: How are you a leader in personal finance?

I will be retiring from work in 3 years at the age of 36. My manager takes me out to lunch so he can ask me questions about what he can do to speed up his plan as well. I am always open to give advice and help, but try my best to only do so when someone asks. I try to be a model by doing, and let ot...
by crazcarl
Fri Jul 07, 2017 4:35 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

So you are planning on raising and teaching your kids on the water until they start high school? With no contact or interaction with other kids their age? There actually is a lot of interaction with other kids since you are technically anchored 90% of the time. The kids are then forced to go out an...
by crazcarl
Fri Jul 07, 2017 12:08 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

Thank you all for the replies and mostly kind words...haha OP, The plan could work. But, you are hoping that nothing goes wrong between now and 2020. That is a bit risky since it is only 3 years from now. So, if I am you, I would sell some of the rental and stock between now and 2020 instead of all ...
by crazcarl
Thu Jul 06, 2017 4:08 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

$800k should support your family "indefinitely" in most of the world. I know you could live like a king off the 4% a year in a large part of EU, including my home country (Poland). What's your longest travel experience? I have a limited one, a few month-long backpacking trips around Europ...
by crazcarl
Mon Jul 03, 2017 11:02 am
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

Frisco Kid wrote:Since you asked, my vote is you are just crazy. Different strokes for different folks......................
HAHA, very true.
by crazcarl
Mon Jul 03, 2017 9:09 am
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

the part about "transferring 18k or the max allowed" is confusing me. If you mean transfer INTO a Roth 401k or 403b, then you can't do that if you don't have a job that offers those. If you mean transfer OUT of a 401k or 403b, by doing backdoor Roth conversions, then that makes more sense...
by crazcarl
Fri Jun 30, 2017 4:50 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

OP, I would not have imagined this was a viable life choice but it sounds like you have started doing some serious planning. I am a bit confused on how you are going to access the money you have in the Roth and 401k? Is this a 2 year voyage or a much longer term lifestyle shIft? I have no clue if y...
by crazcarl
Fri Jun 30, 2017 12:08 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

So you are planning on raising and teaching your kids on the water until they start high school? With no contact or interaction with other kids their age? There actually is a lot of interaction with other kids since you are technically anchored 90% of the time. The kids are then forced to go out an...
by crazcarl
Fri Jun 30, 2017 7:51 am
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Re: Am I on track, or just crazy...

I have a couple rentals now, so if and when I come back, I would prob use part of the left over nest egg to buy a couple more and manage those. I currently am an engineer and have thought about doing some consulting work to keep in touch. The wife is a school teacher, so I think she could easily get...
by crazcarl
Thu Jun 29, 2017 10:01 pm
Forum: Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 7410

Am I on track, or just crazy...

Emergency funds: Yes Debt: car: 1k left (4%), school: 2k left (2.3%), Mortgage: 63k (4.3%) Tax Filing Status: Married Filing Jointly with Dependent Children) Tax Rate: 25% Federal, 6.65% State State of Residence: new york Age: Him – 33 (73k income), her – 32 (58k income), rentals – 10k income throug...
by crazcarl
Wed Jun 28, 2017 12:01 pm
Forum: Personal Investments
Topic: New to Investing. $25,000 to Invest.
Replies: 20
Views: 2967

Re: New to Investing. $25,000 to Invest.

I would set your 401k to max out for the year, and use the savings to supplement the income.
by crazcarl
Wed Jun 28, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 68
Views: 11245

Re: Can you share some of your financial goals?

I find it easier to start with a very high level goal that you (and family) can work towards. I have found that having an end goal helps everyone to work together and see the big picture. Mine is a net wroth of 800k by the time I am 36. Why this? Because we will be selling everything and buying a 40...