Search found 96 matches

by SDLinguist
Mon Apr 22, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 51
Views: 5623

Re: Housing: "Super Savers" vs. the "Rest"...

The image must be net income, since it doesn't show taxes as an expense and the %s add up to 100%. The idea of having housing cost just 14% of net income seems laughable living in a place like Seattle. I spend ~40% of net income on housing (PITI). Still also save/invest 40% of net income too though...
by SDLinguist
Sun Apr 21, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 1913

Re: First Time Home Buyer Tips

I would add: don't get fooled by those online affordability calculators. I just checked the nerd wallet one for instance and it says we should be able to afford a house 5x our gross income with 20% down and zero other debt, so mortgage of 4x gross. After taxes and retirement savings that would be al...
by SDLinguist
Mon Apr 08, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?
Replies: 8
Views: 838

Re: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?

The cost basis for ESPP, RSU, and NQSO can be wrong on 1099s. + 1 I didn't double check the espp for 2017 last year and double payed because of the wrong cost basis. I ended up paying ordinary income tax twice on the gains, once via adjustments made by our payroll automatically for non quality dist...
by SDLinguist
Sat Apr 06, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8427

Re: Married couples: can you have a team mentality with separate finances?

After going through the entire thread I think most things have been said. There are a lot of red flags from what you have told us OP. I just want to share a story. To me it sounds like the age old issue of women not being seen as equal. Your husband is never going to admit it out loud and he probabl...
by SDLinguist
Sun Mar 03, 2019 6:53 pm
Forum: Personal Investments
Topic: When does the power of compounding interest really kick in?
Replies: 53
Views: 6138

Re: When does the power of compounding interest really kick in?

That all depends on how much you are adding over a given span of time to the principal. Let's take round numbers to make things easy. If you save $10k a year and you have a return of 10% yearly you will need 100k for growth to be equal to your contributions. If you multiply everything by 10 see that...
by SDLinguist
Sun Mar 03, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: Optimal approaches when you've "won the game"
Replies: 38
Views: 3250

Re: Optimal approaches when you've "won the game"

If looking to optimize potential total returns and keep the winning portion safe the optimal choice would be to do some mental accounting. Keep the money you need to have won at your desired allocation and then go ultra high risk/reward on the rest. I am taking having won to mean having enough to th...
by SDLinguist
Sat Mar 02, 2019 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Trying to understand how I got hit with such a big amount in taxes owed
Replies: 41
Views: 5697

Re: Trying to understand how I got hit with such a big amount in taxes owed

All these threads made me take a look at our taxes compared to last year. We had 1% more AGI but 1% less taxable income after the standard deduction both years. This dropped our effective federal rate by 3%, so pretty much just the rate cut from 25 to 22. I do know I redid our withholding 3 times du...
by SDLinguist
Wed Feb 27, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14465

Re: If you are currently or planning to spend over $120k/year in retirement, what is your projected budget?

Is that in today's dollars or in future dollars. I am thinking today's. I can see people easily spending that. My parents live 5-6 months out of the year back in Germany now and the other half time in America. They fly back and forth 3-4 times a year. That means a house+cars in SoCal, a condo+cars ...
by SDLinguist
Tue Feb 26, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14465

Re: If you are currently or planning to spend over $120k/year in retirement, what is your projected budget?

Is that in today's dollars or in future dollars. I am thinking today's. I can see people easily spending that. My parents live 5-6 months out of the year back in Germany now and the other half time in America. They fly back and forth 3-4 times a year. That means a house+cars in SoCal, a condo+cars i...
by SDLinguist
Tue Feb 26, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?
Replies: 95
Views: 6270

Re: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?

Gross amount. If you start playing with other forms you will be just hurting your savings rate and will look for ways to lifestyle creep. Good luck. There are some who think paying off debt counts towards their savings rate too. This is very true. I don't know our total yearly savings $ or % really...
by SDLinguist
Mon Feb 18, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 10270

Re: What net worth supersedes Bogleheads’s strategy

"So tell me how "extraordinary" it would be for a worker bee family to save 54k in 1984." FWIW - In 1984 that would have been impossible for all the folks that I know. My parents earned $34K total that year. We earned a total of $43K that year. The median household income in 1984 was about $43K. If...
by SDLinguist
Fri Feb 08, 2019 3:14 pm
Forum: Personal Investments
Topic: Exposure to German Markets
Replies: 17
Views: 925

Re: Exposure to German Markets

Agree: say no to one-country funds. Been there, regretfully. How is that total US market treating you? If you are doing a simple 3-fund some large amount of your portfolio will be in a single country, probably overweighted as a share of the global economy unless you are close to 50-50 US/internatio...
by SDLinguist
Tue Jan 29, 2019 8:42 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13607

Re: High Earners Mostly Use Taxable Accounts?

As others have said, with two working members of a household, even without mega back doors or catch up contributions the amount of tax advantaged space can already be fairly large. Especially compared to the median American household income. 57k (19k 401k x2, 6k IRA x2, 7k HSA) is a good chunk of ch...
by SDLinguist
Fri Jan 18, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11379

Re: Have I Now Become Out of Touch Financially? Aging question...

Looking specifically at California I think the big reason is the tax incentives which suppress housing supply. Prop 13 means you pay taxes on what you bought the house for not what it's actually worth. The longer you own a house the more tax advantaged you become so you have less incentives to move ...
by SDLinguist
Sun Jan 13, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Goal Setting, feeling like treading water
Replies: 4
Views: 831

Goal Setting, feeling like treading water

I don't mean this to sound braggy or like I am complaining. I know my wife and I are in a very good position financially but I feel like we are just treading water and wanted to see how others set goals, both for life and finances. The last three years I have been a reader and I feel like we have re...
by SDLinguist
Sat Dec 29, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is this budget lean enough?
Replies: 31
Views: 2150

Re: Is this budget lean enough?

Without knowing other data it's hard to really say. Someone on MMM will say you should live in a box under a bridge and shower at the Y and only eat beans and then you can retire at 25 living the same way for the rest of your life because now you will be accustomed to it. Really budgeting is a CSP. ...
by SDLinguist
Fri Dec 07, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 1031

Re: Helping in-laws with buy vs lease

I am just confused as to why the line is drawn at the cars. As you say they are living with you and are getting jobs/already have them? They have some money saved up which is probably a decent amount for their country of origin but not a lot for the US. It sounds like all they need is a little bit o...
by SDLinguist
Mon Dec 03, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you get a year end bonus?
Replies: 78
Views: 5375

Re: Do you get a year end bonus?

Our "year end bonus" gets payed the first paycheck in March based on self and peer reviews done in November and a formal in person review/summary talk with your manager in February. But managers also get a lot of bonus money to be payed out in $250 - $1500 chunks throughout the year for individual a...
by SDLinguist
Mon Nov 12, 2018 11:56 pm
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14403

Re: Are We In A Real Estate Bubble?

But are these the people who own houses? My coworker and her husband bought a condo a year ago when they found out they were pregnant. Now they are going to buy another to rent out. She always tells me how great 5% down is. Looking at rents in the area and at the prices the condo development that i...
by SDLinguist
Mon Nov 12, 2018 8:59 am
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14403

Re: Are We In A Real Estate Bubble?

From what I have seen in the northern parts of San Diego county prices are plateauing, they are getting to a point where there aren't enough capable buyers I think. To me it's looks like ~12x the median income starts becoming the upper limit for North County San Diego cities. At least for SFHs. And...
by SDLinguist
Sun Nov 11, 2018 10:52 pm
Forum: Personal Investments
Topic: Advice for ESPP Stock Sales
Replies: 7
Views: 771

Re: Advice for ESPP Stock Sales

A bird in the hand is worth two in the bush

The 15% discount is your employer handing you a bird free and clear.

Holding the shares for long term gains is like putting the bird in a bush hoping a second one will show up that you can catch two later.
by SDLinguist
Sun Nov 11, 2018 10:43 pm
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14403

Re: Are We In A Real Estate Bubble?

From what I have seen in the northern parts of San Diego county prices are plateauing, they are getting to a point where there aren't enough capable buyers I think. To me it's looks like ~12x the median income starts becoming the upper limit for North County San Diego cities. At least for SFHs. And...
by SDLinguist
Thu Nov 08, 2018 9:29 am
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14403

Re: Are We In A Real Estate Bubble?

From what I have seen in the northern parts of San Diego county prices are plateauing, they are getting to a point where there aren't enough capable buyers I think. To me it's looks like ~12x the median income starts becoming the upper limit for North County San Diego cities. At least for SFHs. And ...
by SDLinguist
Wed Nov 07, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14224

Re: How much money did you receive from family? (Gifts/inheritance)

The biggest gift I got from my parents indirectly, as in I never handles the money, was my education. My undergraduate and graduate degrees we fully payed and so were room and board and my car. I ended up being able to get a 6 figure job without a penny of debt and a fairly new car. Now I get nothin...
by SDLinguist
Tue Nov 06, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8205

Re: Teaching kids there is an ample amount of money

This is an interesting discussion reading it as someone almost on the other end. I am much closer to being the child than the parent in this situation. I definitely knew my parents were well off. In 10th grade I actually found out my dad's base salary because it was in the paper about how a bunch of...
by SDLinguist
Tue Nov 06, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 118290

Re: High Earners - What's Your Profession?

Would really like to revive this thread instead of starting a new one. Not sure why some are so reluctant to share exact numbers as we are supposedly ananomyous. Good point. Okay, to be more helpful, I'll share. I'm in the top 1% by income. My profession: STEM Ph.D. student. Are you saying that as ...
by SDLinguist
Tue Nov 06, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 118290

Re: High Earners - What's Your Profession?

Would really like to revive this thread instead of starting a new one. Not sure why some are so reluctant to share exact numbers as we are supposedly ananomyous. Good point. Okay, to be more helpful, I'll share. I'm in the top 1% by income. My profession: STEM Ph.D. student. Are you saying that as ...
by SDLinguist
Fri Nov 02, 2018 8:34 am
Forum: Personal Investments
Topic: Fully maxed out
Replies: 70
Views: 8304

Re: Fully maxed out

The big thing is just having access to most of those options isn't even normal for the average American. A couple who are both working, and before they hit catch up contribution age, who are W2 employees might only have access to: 2x 401k without a mega back door option 2x IRA That limits them to 48...
by SDLinguist
Thu Nov 01, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5939

Re: Tax refunds expected to be 26% more in 2019

This is the first year where both of us are working as w2 employees for the full year. And I have now found it harder to figure out what we should own than when my wife was 1099 alone or 1099 and w2 in the same year. I don't see how you guys can get within $10. You must have zero variability in inco...
by SDLinguist
Mon Oct 29, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 13106

Re: Am I doing well financially?

My wife and I have the same problem. Once money is in the checking account things get dicey with disciplined spending so just give yourself less money to do dumb things with. 1) So many people have already said it but save first. Make saving the default in such a way that you can't prevent it. On yo...
by SDLinguist
Thu Oct 25, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17288

Re: Where would you go for financial guidance if you win the Megamillions?

interestingly a 4% withdrawal rate of $999,999,999 which is what my iphone can handle is $40million a year. it’s interesting people fret about how they should invest it. My biggest “debate” is what will my asset allocation be for that much money (if it would be any different than my current I guess...
by SDLinguist
Thu Oct 18, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 131
Views: 8880

Re: When to change tires; and what brand

Just my personal opinion but I don't think tires are something to be brand loyal to. All the big boys make both good and bad models and what one person may find great another may find terrible. The car you put them on also matters. This is why you go to tirerack or a forum for your car and get opin...
by SDLinguist
Thu Oct 18, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11293

Re: Should we move to San Diego from east coast?

This is such an interesting thread. As someone who grew up in Carmel Valley I love North county SD but there are trade offs. I work in Sorrento valley so traffic really is an issue, same with my wife who works across the street from UTC. Thankfully we have jobs where we can come in early and leave e...
by SDLinguist
Tue Oct 16, 2018 9:13 am
Forum: Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1449

Re: First time TLH Questions, constrained by spouse's work

ivk5 has had it right all along: the in this case prior purchase in the IRA of shares of the now-to-be-sold funds, within the centered 61 day window, makes them "replacement shares" in a wash sale. Whether one and ones broker document a sale of these replacement shares, the disallowed part of the l...
by SDLinguist
Mon Oct 15, 2018 5:50 pm
Forum: Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1449

Re: First time TLH Questions, constrained by spouse's work

How much commission would there be on those Vanguard ETFs? You might ping the custodian to see they'll give you some free trades to accomplish this. As far as wash sales, no one knows. The custodians are required to report exact washes (same CUSIP) in the same account. As far as different funds, th...
by SDLinguist
Mon Oct 15, 2018 2:20 pm
Forum: Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1449

First time TLH Questions, constrained by spouse's work

Hello again. With the recent market fluctuations I realized we have about 2.5k in losses I could harvest for the first time. I have a couple of questions which after reading the wiki and general internet are still unclear and so I decided to ask all you brilliant people. I have a bit of a complicati...
by SDLinguist
Tue Oct 09, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 79
Views: 6907

Re: Best headphones under 500 bucks

You first need to decide what form factor you want - over ear or in-ear. This choice should probably be driven by where you intend to use these. If at home or at work, over-ear is probably most comfortable. If you'll be traveling a lot, especially on airplanes/trains, in-ear offer unmatched isolati...
by SDLinguist
Thu Sep 06, 2018 1:56 pm
Forum: Personal Investments
Topic: Warning about "unsettled trade" problem with Vanguard
Replies: 9
Views: 1170

Re: Warning about "unsettled trade" problem with Vanguard

Really more interesting is that you are buying and selling an ETF positions within a 2 day window after you have just sold another ETF position. That's like the exact opposite of boglehead philosophy.

Why bother with ETFs if you are doing that. Might as well go to individual stocks.
by SDLinguist
Thu Sep 06, 2018 8:04 am
Forum: Personal Investments
Topic: Pay off loans vs invest
Replies: 16
Views: 1645

Re: Pay off loans vs invest

If you have not seen the White Coat Investor website which is run by a doctor that is a poster here then check it out to see what they say about paying off the debt. https://www.whitecoatinvestor.com/ Your net worth will go up by the same amount if you pay $1,000 on debt or invest it so it is hard ...
by SDLinguist
Fri Aug 31, 2018 10:36 pm
Forum: Personal Consumer Issues
Topic: Native German speakers: need help with translation.
Replies: 17
Views: 2032

Re: Native German speakers: need help with translation.

gd wrote:
Fri Aug 31, 2018 7:28 am
If you want to make it really stylishly German, do it in English.
+1

If you want it to be authenticly German the sign should be in English :P

Denglisch anybody:
https://youtu.be/xlQI0mfJbCc
by SDLinguist
Wed Aug 22, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 111
Views: 8862

Re: physics/math major looking for programmer/analyst job?

(If he's looking to get into data science) Python is definitely the hottest scripting language right now (I grew up using SAS, but times change!), so I would encourage him to get some experience using that particular language. R/SAS knowledge is also something I look for on a resume. I would say th...
by SDLinguist
Tue Aug 14, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7972

Re: Housing affordability - what is your take?

Thanks for all the great feedback on this thread. When everyone is rushing to buy homes you stop and wonder if one is missing something here! I have come to the conclusion that everybody is pretty much spending everything they make and saving nothing for retirement. If my wife and I stopped saving ...
by SDLinguist
Tue Aug 14, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7972

Re: Housing affordability - what is your take?

Prices are high because people are willing to spend a huge (and in my opinion unwise) percentage of their income on housing. Your choice is to either compete with them (and make the same poor decision) or move elsewhere. I think this has a huge part to play. I made an off hand comment at work one d...
by SDLinguist
Tue Aug 14, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2622

Re: Is the price of a new car a good proxy for the expense of owning it?

That means, over the first five years of ownership, you can expect the annual expense of an automobile to be approximately $1,622 + 20% of the initial purchase price. I bet this calculation is dominated by depreciation. Repairs and maintenance are about as large as factor Honda Civic TCO 34k.4k dep...
by SDLinguist
Sun Aug 12, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: Joint checking accounts.
Replies: 26
Views: 2212

Re: Joint checking accounts.

Joint here as well. We have been married now for almost two years and it took us a year to merge things and it really has been so much easier to deal with our finances since then. Before we married we lived together for 4 years, we had a "system" where I payed the rent and she payed the utilities an...
by SDLinguist
Tue Aug 07, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3
Replies: 55
Views: 4175

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

Keep the m235. The biggest resale losses have already happened, the m235 has proven to be reliable, and regardless of speed, the m235 sounds glorious when pushed hard. The 2 series BMW is the cheapest lineup for BMW but I'd say it's the best from top to bottom. The 228, 240(235), and M2 are the bes...
by SDLinguist
Sun Aug 05, 2018 1:08 am
Forum: Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 1026

Re: Premium Financed Indexed Life Insurance Policies

My dad was dazzled by a sales guy a while back so I did a lot of research on them for him. The basic idea is that you get a whole life policy with a very large payout and a very short payment term, usually a 7 pay which is the minimum number of years. The premium in these instances can be close to a...
by SDLinguist
Fri Aug 03, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2559

Re: Impact of higher property taxes on home price

I don't think the market has yet to price in the loss of the deduction. The first shock will come next April. I suspect a fairly large number of homeowners will be hit by an unexpected tax bill. They will probably still have payed less overall then before but that will matter less than having to pay...
by SDLinguist
Tue Jul 31, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: PSA: Venmo Privacy Issues
Replies: 11
Views: 1675

Re: PSA: Venmo Privacy Issues

If you use this service, you may want to adjust your privacy. The default is public for all transactions, and the API is widely published. This article gives the details, and even contains a link to a website that shows realtime examples: https://www.theguardian.com/world/2018/jul/17/venmo-payments...
by SDLinguist
Sun Jul 29, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1438

Re: Dual language vs Traditional Public School

If the goal is to have the child learn the language and retain it into adulthood without the child also having exposure outside of the learning environment (ie. At Home, in the neighborhood, in their social circles) then the effort is wasted. Unless there is exposure outside of school, even if half ...