Search found 53 matches

by huai
Tue Jan 28, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Don't Get Escheated! (Planet Money on Escheatment)
Replies: 34
Views: 3644

Re: Don't Get Escheated! (Planet Money on Escheatment)

Per Delaware law, as long as IRS Form 1099 is delivered via US Mail, the account is considered active: "If the property is either held within accounts established for automatic electronic deposit of dividends (“ACH Accounts”) or within accounts established as part of a dividend reinvestment plan, i...
by huai
Thu Jan 09, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Storage Unit Insurance
Replies: 4
Views: 217

Re: Storage Unit Insurance

Called Renters ins co and they cover my property anywhere in the world. Fantastic.
by huai
Thu Jan 09, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Storage Unit Insurance
Replies: 4
Views: 217

Storage Unit Insurance

I rented a storage unit this month, and the facility requires insurance. They provide said insurance for $12/mo with a $1000 coverage limit and a lot of exclusions. Highway robbery basically. Any idea what P&C insurance companies may offer storage insurance at a more reasonable rate?
by huai
Thu Jan 09, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Parents sell children their home
Replies: 12
Views: 1468

Re: Parents sell children their home

Better idea if parents gift the house to kids and live rent free. When your parents apply for Medicaid there will be a look back period and gifts during that time will be recaptured pro-rata. That means do the gift now and hope your dad has another 5 years at home. The alternative is that they keep ...
by huai
Sat Jan 04, 2020 4:45 pm
Forum: Personal Investments
Topic: Holistic Financial Advice Please
Replies: 23
Views: 2357

Re: Holistic Financial Advice Please

Keep the house, keep renting it send kid to public school in your great school district. You are doing everything correctly. Keep maxing our the retirement tax advantaged acccounts. Open a 529.
by huai
Mon Dec 30, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 7988

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

You can't probate the Will if there wasn't a Will. In some states, if a person dies without a valid will, their “real property,” such as land and house, passes directly to their heirs and does not go through probate, meaning it may have become your and your sister’s property when your mother died. ...
by huai
Mon Dec 30, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Has anyone done Whole 30? [Diet]
Replies: 141
Views: 5495

Re: Has anyone done Whole 30?

There are two main issues with diets: Calories in / calories out and compliance. Perhaps also getting enough protein and not having fats and carbs too out of whack. Everything else is rounding error. +1 This is an overly simplistic view that completely ignores the basics of nutrition. If you think ...
by huai
Fri Dec 06, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 7988

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

You can't probate the Will if there wasn't a Will. In some states, if a person dies without a valid will, their “real property,” such as land and house, passes directly to their heirs and does not go through probate, meaning it may have become your and your sister’s property when your mother died. ...
by huai
Fri Dec 06, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Florida for winter break
Replies: 39
Views: 4053

Re: Florida for winter break

abuss368 wrote:
Sat Nov 30, 2019 6:03 pm
huai wrote:
Thu Nov 28, 2019 5:23 pm
St Pete beach over Siesta Key every day if you don’t want a mob of tourists
Good point. St Pete is a beautiful area. Do you feel there are less tourists?
Yes, I live there, and there are definitely fewer tourist in St Pete than in Clearwater or Siesta Key.
by huai
Fri Dec 06, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: Florida for winter break
Replies: 39
Views: 4053

Re: Florida for winter break

For those recommending St Pete's - do you have any hotels you have stayed at that you would recommend to a family of 4 with a three year old and a six month old? Thanks. Right now looking at the Sirata and the Beachcomber as they seem to be family friendly and right on the beach. Sirata more than t...
by huai
Fri Dec 06, 2019 12:52 pm
Forum: Personal Investments
Topic: How much should I save for my first house?
Replies: 20
Views: 1200

Re: How much should I save for my first house?

I think you should put the money in the optimal asset allocation for your age. In my opinion, the right time to buy a house is contingent on your financial situation, not the other way around. The optimal asset allocation depends on your investment horizon. For a retirement portfolio - it's based y...
by huai
Thu Nov 28, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Florida for winter break
Replies: 39
Views: 4053

Re: Florida for winter break

St Pete beach over Siesta Key every day if you don’t want a mob of tourists
by huai
Fri Nov 22, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 7988

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

In some states, if a person dies without a valid will, their “real property,” such as land and house, passes directly to their heirs and does not go through probate, meaning it may have become your and your sister’s property when your mother died. Whether that means you are responsible for the lien...
by huai
Tue Nov 19, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Are extra principal payments for commercial mortgage a business expense?
Replies: 4
Views: 537

Re: Are extra principal payments for commercial mortgage a business expense?

There are 2 types of business expenses 1: operating that has to be accounted for in the period it’s incurred (mortgage interest, operations salaries, electric bills, software licenses etc) 2: capital expenses that are amortized over the useful life of the capital improvement - this could constitute ...
by huai
Mon Nov 18, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Time Span Between Job Changes
Replies: 17
Views: 2233

Re: Time Span Between Job Changes

As a hiring manager who has interviewed hundreds of candidates, I can tell you that 1 short job hop is fine and can be explained by all the good reasons mentioned above. If I saw a pattern of multiple FTE positions of <1 year I would either scrutinize it or discard the resume entirely. A pattern of ...
by huai
Sat Nov 16, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Estate in a Trust?
Replies: 28
Views: 1898

Re: Half of Estate in a Trust?

If you’re worried about your wife’s financial competence simply don’t make her the trustee

Set up a testamentary trust and Give trustee powers to a friend or a professional trust company, for benefit of your wife, remainder to your kids.
by huai
Tue Nov 12, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 522
Views: 61926

Re: Best CD rates thread

What do you think better @ PSECU - the 24 or the 36 month CD? (Assumign they will honor old rate)
by huai
Sun Oct 27, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6730

Re: Christine Benz article on door to door financial people

In the eyes of Finra and the law, EJ is legit and they provide (for the most part) legal services to their customers. Stipulating this, who's job is it to protect people with diminished cognitive ability from EJ? Not the police or Finra, and certainly not corporate It most certainly is the responsi...
by huai
Fri Oct 04, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 323
Views: 43112

Re: Relationship mortgage discounts for moving a million assets

Locked in BofA refi last week down from 4.00% original mortgage to 3.25% after 0.25% relationship bonus (500k move) on a 10/1 Jumbo Arm no closing costs + 6k in lender fee credits (meaning they paid for all transfer taxes, etc) no costs out of pocket at all. Started by calling about 5 or 6 different...
by huai
Sat Sep 21, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3308

Re: How to value RSU during salary negotiation

Not only that, but’s it’s fairly standard to ask for a signing bonus to compensate you for the loss of your unvested RSUs. In my experience that is at roughly a 50-75% cash for RSU
by huai
Mon Aug 19, 2019 9:50 am
Forum: Personal Investments
Topic: Merrill Edge ETFs
Replies: 6
Views: 597

Re: Merrill Edge ETFs

huai wrote:
Mon Aug 19, 2019 8:28 am
I do get free trades (platinum level) but want to avoid any sort of loads.
Update: ended up just going for the ETF for simplicity.
by huai
Mon Aug 19, 2019 8:28 am
Forum: Personal Investments
Topic: Merrill Edge ETFs
Replies: 6
Views: 597

Re: Merrill Edge ETFs

I do get free trades (platinum level) but want to avoid any sort of loads.
by huai
Mon Aug 19, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 3824

Re: HCOL savings rates

We're DINKs in San Francisco, bought our home 6 years ago. $310k gross (excluding investment income) $50k Fed tax $20k state tax $7k property tax $200k savings (excluding employer 401k match and stock options) You only spend 33k a year for 2 people? :shock: $2,750/month - I am always amazed how lit...
by huai
Mon Aug 19, 2019 6:51 am
Forum: Personal Investments
Topic: Merrill Edge ETFs
Replies: 6
Views: 597

Merrill Edge ETFs

Just switched from VG to ME to take advantage of some bonuses. VITAX holding could not be acat’d over, had to liquidate it. I am having a hard time understanding ME pricing for MFs. I liked the VG formula - no cost to trade / no loads on their own funds. Does ME have their own products that fit the ...
by huai
Thu Aug 15, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 3824

Re: HCOL savings rates

Hello bogleheads, For those of you who live in the SF Bay Area (and didn’t buy your house 10 years or more ago) if you are making high 6 to low 7 figures total comp what amount are you stashing away every year after taxes, housing, tiny lap giraffes, etc? Huai Why don't you start with yours first? ...
by huai
Thu Aug 15, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 3824

HCOL savings rates

Hello bogleheads,

For those of you who live in the SF Bay Area (and didn’t buy your house 10 years or more ago) if you are making high 6 to low 7 figures total comp what amount are you stashing away every year after taxes, housing, tiny lap giraffes, etc?

Huai
by huai
Wed Jul 24, 2019 3:58 pm
Forum: Personal Investments
Topic: Teenage Son Wants to Start Investing
Replies: 27
Views: 1752

Re: Teenage Son Wants to Start Investing

Don't forget to teach him about taking credit on taxes for his IRA contribution. He may actually get some $$$ back. I'm trying to learn this stuff myself... I'm assuming the OP would want his child to contribute to a Roth IRA given his low current tax bracket. So how would he be able to get a credi...
by huai
Wed Jul 24, 2019 2:43 pm
Forum: Personal Investments
Topic: Teenage Son Wants to Start Investing
Replies: 27
Views: 1752

Re: Teenage Son Wants to Start Investing

Maybe an opportunity to educate him about Roth IRAs (which I would wager make a lot of sense for him), Dollar Cost Averaging, and not obsessing with the daily changes of the account. DCA him into a total stock market fund in his Roth IRA and leave it be. Since Roth IRA contributions are capped at 6k...
by huai
Sat Jul 20, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 21
Views: 2344

Re: Corporate Acquisition - Key Person

Thanks for the feedback so far. Since the majority of responses say that it will most likely be a standard package across all of my current company’s key personnel, what should I expect out of that package? This is the first time through something like this for me. I think it will depend on how lon...
by huai
Sat Jul 20, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 21
Views: 2344

Re: Corporate Acquisition - Key Person

My experience on both sides of the deal is similar to above poster. Key personnel are identified and a standard retention offer is given to all to stay through X date. In my case it was 100% of base + bonus to stay for 1 year. On top of regular base + bonus. The other choice was to term immediately ...
by huai
Thu Jul 18, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

Ok down to my final offer - 3.250 for a 10/1 or 3.625 for a 30 y fixed?
Thoughts?
by huai
Mon Jul 15, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

What are those other CUs?
by huai
Mon Jul 15, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

They went up by about .2 pts since the other poster posted, but still crazy good as you say. They in fact cover all 50 states, but the catch is for jumbo loans they don't give an option to drive up the rate to avoid closing costs. I have no interest to shell out $12k to shave off a point of interest...
by huai
Mon Jul 15, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

Thank you for the tip on Teachers FCU 1 very attractive rates but unfortunately they don’t offer closing cost credit in exchange for higher rates on jumbo loans
by huai
Sat Jul 13, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 8940

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

I have both GE and mobile passport for iOS. Current version of MP is riddled with bugs and I would consider the free version near unusable for those traveling with family. The problem is 4 fold: 1) the free version does not allow you to save a profile meaning that every time you travel you have to r...
by huai
Sat Jul 06, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

I don’t plan to owe this mortgage in 10 years one way or another :)
by huai
Sat Jul 06, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

Waiting for RJ quote with no closing costs ... they are all manual so takes 3 days. I have a feeling by the time they add in closing costs offset they will be at or worse than the rate I got above (with relationship bonus)
by huai
Sat Jul 06, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

What region are you in? My local credit union is offering 2.25% for 5/1 ARM. 2.125% for LTV under 75%. Wow those are good rates. Which CU? I am in FL. First republic doesn’t cover my city so still waiting their quote. Best so far is from fifth third bank 10/1 -3.500% 7/1 - 3.375% 5/1 - 3.250% All w...
by huai
Sat Jul 06, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

What region are you in? My local credit union is offering 2.25% for 5/1 ARM. 2.125% for LTV under 75%. Wow those are good rates. Which CU? I am in FL. First republic doesn’t cover my city so still waiting their quote. Best so far is from fifth third bank 10/1 -3.500% 7/1 - 3.375% 5/1 - 3.250% All w...
by huai
Fri Jul 05, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Re: Refi at this rate?

I’ve owned 4 houses and in each one I thought I would stay for 30 years but ended up moving within 5-7, so that’s my horizon. penfed deals come with about 5 k in closing costs so not very attractive. Decided to hit the big 4 (BofA, Citi, wells, chase) private client groups to see if they can help ba...
by huai
Fri Jul 05, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3355

Refi at this rate?

800 k property 600 k purchase mortgage taken out last year as 10/1 at 3.875 Current payoff balance is 585 I have an opportunity to refi at the moment to a 5/1 at 3.44 with about $1k in fees. Saves me $150/month for next 5 years but also shortens my lock from 9 more years to 5. Break even for closing...
by huai
Fri Jul 05, 2019 3:05 am
Forum: Personal Investments
Topic: Taxation of assets held in a revocable living trust upon death question
Replies: 23
Views: 1830

Re: Taxation of assets held in a revocable living trust upon death question

I am curious what was the purpose of setting up this trust?
by huai
Thu Jun 27, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5569

Re: NYC Apartment to sue or not to sue

I am a NY lawyer but this is not my area of practice. I am familiar tangentially with this area of the law through education only. This does not constitute legal advice. NYC has had a number of different rent control / rent stabilization schemes since WW2. Only buildings constructed at the time of t...
by huai
Tue Jun 18, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 41286

Re: For those who earn $500k+ per year. How'd you do that?

- Public company executives: you have to get lucky and more important be GREAT at office politics. No thanks. This seems to be the “conventional view” especially around here. Agree about the “luck” but I think that’s true of most success situations. As far as “politics” go,I have a different perspe...
by huai
Sat Jun 01, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: NQ plan [How to handle Non-Qualified plan when leaving employer]
Replies: 6
Views: 455

NQ plan [How to handle Non-Qualified plan when leaving employer]

Hello folks, I am becoming eligible for my company’s NQ plan this year. Never had one before but understand the basics of the additional risk vs a qualified plan and I’m very comfortable with my employer’s stability and ability to repay in the future. Interestingly enough employer offers the same ma...
by huai
Thu May 30, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: Check my termite quote
Replies: 4
Views: 621

Re: Check my termite quote

3 story, slab foundation
by huai
Wed May 29, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: Check my termite quote
Replies: 4
Views: 621

Check my termite quote

I found a swarm of live termites in my ~2500 sf house in central Florida (Tampa Bay area). Last rainy season I had them, and easily found them and treated them. This year the wings are everywhere but I cannot find the damaged wood so called in the pros. Called in a couple of quotes from the national...
by huai
Thu Oct 11, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 51766

Re: Lucrative careers?

Splunk is most certainly NOT a no-name company. They are one of the darlings of silicon valley - well past startup mode and are one of the hottest names in log monitoring.
by huai
Mon Aug 06, 2018 12:30 pm
Forum: Personal Investments
Topic: Asset reallocation w/ purchase of RE
Replies: 5
Views: 552

Re: Asset reallocation w/ purchase of RE

the 15% RE is in fact the house. sorry if i was not clear
So that suggestion won't fly.
by huai
Sat Aug 04, 2018 10:53 pm
Forum: Personal Investments
Topic: Asset reallocation w/ purchase of RE
Replies: 5
Views: 552

Asset reallocation w/ purchase of RE

36 yo married w/ kids
Previously kept a 75 stock / 20 FI / 5 cash (EF)
I just cashed out 15% of bonds for a purchase of a house, so now I'm at 75 stock / 15 RE / 5 FI / 5 Cash

Thinking through whether I should rebalance stock back out into FI or not. What are the factors that I should consider?