Search found 184 matches

by SDLinguist
Sat Nov 21, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic reduced our spending by 30% - How about you?
Replies: 118
Views: 7687

Re: Pandemic reduced our spending by 30% - How about you?

Discretionary spending has fallen off a cliff for us. The two biggest things are just going out to eat/bars/socialize/movies and activities on the weekend have dropped to almost non-existent. We probably ate out half our meals before March. Now on a "bad week" it might be 3 times total and...
by SDLinguist
Tue Nov 17, 2020 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Daughter ready to buy car on her own. Decent fico, not long history, pre-approval rate is high.
Replies: 65
Views: 3413

Re: Daughter ready to buy car on her own. Decent fico, not long history, pre-approval rate is high.

I don't think anybody else mentioned it because they all got worked up about who spent less on beaters while somehow finding the magical unicorn which they bought for $1000 and drove for 900,000 miles, but you can also add your daughter to one of your CCs as an AU. This lets your history rub off on ...
by SDLinguist
Sat Oct 24, 2020 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can leasing make sense for potentially low resale value car?
Replies: 18
Views: 1669

Re: Can leasing make sense for potentially low resale value car?

Lease prices are typically based on the difference between the new price and the expected residual value of the car at the end of the lease, so high expected depreciation, expensive lease. Low expected depreciation, lower lease payments. In other words, you’re not smarter than the company doing the...
by SDLinguist
Fri Sep 11, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Projected inflation rate and equity rate of return
Replies: 27
Views: 1407

Re: Projected inflation rate and equity rate of return

2010-2019 was supposed to be the "lost decade" of low returns. People were saying we were in for 4% returns on equities. Fast forward for the 10 years Jan. 2010 through Dec. 2019 well we had 13.43% nominal returns, 11.47% inflation adjusted (according to portfolio visualizer on VTI). 2010...
by SDLinguist
Thu Sep 10, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Projected inflation rate and equity rate of return
Replies: 27
Views: 1407

Re: Projected inflation rate and equity rate of return

2010-2019 was supposed to be the "lost decade" of low returns. People were saying we were in for 4% returns on equities. Fast forward for the 10 years Jan. 2010 through Dec. 2019 well we had 13.43% nominal returns, 11.47% inflation adjusted (according to portfolio visualizer on VTI). 2010...
by SDLinguist
Sat Aug 15, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Green Card Holder Unemployment
Replies: 18
Views: 2229

Re: Green Card Holder Unemployment

As a fellow GC holder, just because the law and, really more importantly, because that is who is doing enforcement, the executive branch policy currently says UI is not a public charge rule violation and that your wife is eligible for UI, doesn't mean she should apply unless absolutely necessary. M...
by SDLinguist
Sat Aug 15, 2020 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Green Card Holder Unemployment
Replies: 18
Views: 2229

Re: Green Card Holder Unemployment

As a fellow GC holder, just because the law and, really more importantly, because that is who is doing enforcement, the executive branch policy currently says UI is not a public charge rule violation and that your wife is eligible for UI, doesn't mean she should apply unless absolutely necessary. Ma...
by SDLinguist
Mon Aug 10, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pay off Laura Pitko
Replies: 6
Views: 1560

Re: mortgage pay off Laura Pitko

The search terms for this are "velocity banking" The idea being that you take some line of credit which charges simple interest to pay off a large chunk of mortgage principal and then pay off the line of credit with free cashflow. The operative word here being that you have free cash flow....
by SDLinguist
Tue Aug 04, 2020 9:06 pm
Forum: Personal Consumer Issues
Topic: Luddite looking for smartphone recommendations
Replies: 21
Views: 1397

Re: Luddite looking for smartphone recommendations

Even though I am a devoted android user I think in your case and iPhone SE is best. Much longer OS and security updates than an android phone so no need to upgrade as frequently or learn how to do security updates yourself if you plan to keep the phone longer than the carrier/manufacturer support pe...
by SDLinguist
Tue Jul 21, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: It is okay to spend money on depreciating assets?
Replies: 51
Views: 3745

Re: It is okay to spend money on depreciating assets?

I don't know where you live or how close your body of water is/if there are already rentals there. I looked into this a while ago and if you have a rental place for skis close by on a body of water you would normally use your own on anyway it makes zero sense to buy one. The average jet ski owner us...
by SDLinguist
Tue Jun 30, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Sell stock now for house down-payment in 9-18 months?
Replies: 13
Views: 1389

Re: Sell stock now for house down-payment in 9-18 months?

I am generally aggressive and would definitely sell in this scenario. Non Covid world I’d be okay with letting at least some of it ride. You don’t want to watch housing prices go down 15% and miss out on a deal by having your down payment holding you back. I pulled off the band aid. You are right. ...
by SDLinguist
Mon Jun 29, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sell stock now for house down-payment in 9-18 months?
Replies: 13
Views: 1389

Re: Sell stock now for house down-payment in 9-18 months?

I am generally aggressive and would definitely sell in this scenario. Non Covid world I’d be okay with letting at least some of it ride. You don’t want to watch housing prices go down 15% and miss out on a deal by having your down payment holding you back. I pulled off the band aid. You are right. ...
by SDLinguist
Mon Jun 29, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sell stock now for house down-payment in 9-18 months?
Replies: 13
Views: 1389

Re: Sell stock now for house down-payment in 9-18 months?

I am generally aggressive and would definitely sell in this scenario. Non Covid world I’d be okay with letting at least some of it ride. You don’t want to watch housing prices go down 15% and miss out on a deal by having your down payment holding you back. I pulled off the band aid. You are right. ...
by SDLinguist
Sun Jun 28, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sell stock now for house down-payment in 9-18 months?
Replies: 13
Views: 1389

Sell stock now for house down-payment in 9-18 months?

With the situation as it is now and my wife and I both working from home we are thinking more and more about buying a place instead of renting a 1br apartment. We have started looking at the financials and have calculated that we could save enough for a down payment plus buffer for other costs and m...
by SDLinguist
Sat Jun 06, 2020 3:26 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 499
Views: 31572

Re: What fun car should I get in the $150k - $200k range?

I would personally buy an Fcar if I was spending that kind of money. Classy, beautiful, gorgeous, acoustic, attention, all in one. No way do I buy a Pcar in that price range given the glut of them on the streets. R8 is a great DD'able v10 gated car but only if I am looking to spend 110-120, not tak...
by SDLinguist
Tue Jun 02, 2020 8:10 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8303

Re: Does every one here only have 3 funds in their portfolios?

I think a strict 3 fund portfolio is actually rather less common than one would think from reading here. There are a 100 reasons to deviate from the practice while keeping with the principle. Examples include: - Accounts at multiple brokerages - Munis in high tax brackets with total bonds in tax-pr...
by SDLinguist
Wed May 13, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3507

Re: Small businesses stopping employees from getting Pandemic payments?

The whole point of the PPP is to have exactly this happen. The employer gets a loan from a bank which is backed by the government. Instead of laying people off, the employer pays their employees to stay home using the loan. This means the employer keeps their relationship with the employees active a...
by SDLinguist
Wed May 06, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Car Purchase - Financing vs Down Payment, GAP Insurance, Extra Warranties
Replies: 58
Views: 2091

Re: Car Purchase - Financing vs Down Payment, GAP Insurance, Extra Warranties

I don't think it's a requirement for you either as your financing the car for purchase, as opposed to, financing the car as a lease. Once a bank accepts the terms of the loan, your BMW dealership can fully wash their hands of that car and you are no longer BMW or the dealership's problem. Except th...
by SDLinguist
Wed May 06, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Car Purchase - Financing vs Down Payment, GAP Insurance, Extra Warranties
Replies: 58
Views: 2091

Re: Car Purchase - Financing vs Down Payment, GAP Insurance, Extra Warranties

Hello, 1. Financing: I recently purchased a certified pre-owned 2017 BMW and financed the entire purchase at 0.9% for 5 years. Originally, I was planning on putting down about 10%, but then decided I was better off financing since I can earn a bare minimum return of 1.5% in an online savings accoun...
by SDLinguist
Wed May 06, 2020 12:57 am
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 72
Views: 6031

Re: [thinking about buying a house in LA, wait for RE crash?]

With the housing shortages in California and the massive market distortion Prop 13 and 58 have created over the last 40+ years I suspect very little will happen to prices in any marginally desirable area or better. If you look at 08, the climb in prices just flattened a bit and then went right back ...
by SDLinguist
Wed Apr 29, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25647

Re: IRS Get My Payment up and running

Like a lot of others on here, I finally got through and successfully entered my banking info last Friday, April 24. Has anybody who entered banking info last Friday been able to get an update on when the deposit is scheduled? I know people who entered their info prior to either the 23rd or 22nd are...
by SDLinguist
Mon Apr 27, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29821

Re: Report when you receive your stimulus check here

I updated my bank info into the IRS portal right after the Get-My-Payment tool opened sth like 5am ET on 4/15. Ever since the status has been You are eligible for the payment. Once we have your payment date, we will update this page. We will deposit your payment to the bank account below. No change...
by SDLinguist
Sun Apr 26, 2020 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Reducing retirement savings to save for house?
Replies: 1
Views: 243

Reducing retirement savings to save for house?

Being stuck sheltering in place has really done a number on my mind. My wife and I currently rent a one bedroom apartment and until now it has been fine, we didn't spend all that much time at home between work and doing things out and about, but living and working so close to one another has been a ...
by SDLinguist
Thu Apr 16, 2020 5:01 pm
Forum: Personal Consumer Issues
Topic: Pixel 3a or Wait for New Iphone?
Replies: 35
Views: 1663

Re: Pixel 3a or Wait for New Iphone?

https://support.google.com/pixelphone/answer/4457705?hl=en Here is Google's link about guaranteed software support for their phone. Unless you are capable of installing new updates yourself you should switch to a new phone with support once your phone no longer gets updates OTA from Google. If you a...
by SDLinguist
Thu Apr 02, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 12997

Re: Are your personal expenses down during stay home and shelter?

Yes and no. Expense like eating out, movies, etc are way down/non-existent but being in week 3 of WFH and knowing this would be longer I used it as an excuse to buy a new office chair since the old one was on its last legs and a second monitor since I have wanted to anyway since I upgraded the PC la...
by SDLinguist
Wed Apr 01, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Are cell phones like cars? [Buying new vs buying used or keeping old]
Replies: 62
Views: 3497

Re: Are cell phones like cars? [Buying new vs buying used or keeping old]

I replace cell phones when the security updates stop coming. They work after that but I worry about using a phone whose vulnerabilities are no longer being patched. I don't buy the top of the line. Google phones get monthly updates. I agree that Android phones made by other companies are irregular ...
by SDLinguist
Sat Mar 28, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13241

Re: How are you going to use your stimulus money?

It is also annoying to see people complain that they won't get it because they made $100k ind/$200k family in 2019 (even though they made only up to $75k/$150k in 2018) You don't need it be glad of that. I have no plans to increase spending on anything in particular. Will keep tipping grocery deliv...
by SDLinguist
Wed Mar 25, 2020 8:47 am
Forum: Personal Investments
Topic: Effect of COVID19 on Real Estate
Replies: 42
Views: 6324

Re: Effect of COVID19 on Real Estate

Realistically I think very little will change in any areas which are "desirable" - SD, LA, SF, Portland, Seattle, Denver, Austin, Boston, NYC, Atlanta, Research Triangle in NC, etc. These places suffer from a chronic lack of housing which has skyrocketed prices for rentals and sales fuled ...
by SDLinguist
Mon Mar 09, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Spend as % of Total
Replies: 15
Views: 1021

Re: Travel Spend as % of Total

I am if the firm belief that it doesn't matter what you do in comparison to others and that it is a waste of time and mental energy to do so. Do you have a per year savings goal? Like x% of income or x% of yearly expenses? Are you meeting those goals? If the answer to both is yes than it doesn't rea...
by SDLinguist
Sun Mar 01, 2020 1:20 am
Forum: Personal Investments
Topic: Sell now and start buying back in 3 months
Replies: 80
Views: 6464

Re: Sell now and start buying back in 3 months

Why are there so many of these threads in a forum based upon sound principles and historical data? 10 years of growth means a large number of people have money to invest, and most of them probably don't care or want to think about investing more than being told 'do this'. Which has worked well for ...
by SDLinguist
Wed Feb 26, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed - personal loan or credit card balance transfer
Replies: 36
Views: 1572

Re: Advice needed - personal loan or credit card balance transfer

Good news and bad news. Bad news first. You will get shamed on here, and a little shaming is probably good for you. Shame has been proven to be a good motivator, ask any mother who guilt trips their children! You have a consumer debt problem and it is large. It will hurt to solve it but it will hurt...
by SDLinguist
Tue Feb 25, 2020 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Work Less Hours to Be More Productive
Replies: 7
Views: 1187

Re: Work Less Hours to Be More Productive

Yes, you very much can. The big thing to look at is how much time are you actually doing something productive vs just working because. Look around your workplace, I bet you will see a lot of people who work a lot of hours but accomplish very little because they spend way too much time: trying to get...
by SDLinguist
Mon Feb 24, 2020 6:13 pm
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 15208

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

We don't even have any lots in taxable we can TLH. ZZzzzzzZZZzzzzZZZZzzzz.........
by SDLinguist
Wed Feb 19, 2020 1:03 am
Forum: Personal Investments
Topic: Optum HSA to Fidelity HSA Transfer
Replies: 8
Views: 625

Re: Optum HSA to Fidelity HSA Transfer

I have my health plan HSA through them as well, I initiated my yearly transfer from the Fido side on Jan 6th, it took them until yesterday to process and debit the money from the account. I usually leave $100 in the HSA instead of transferring it all just to make it clear I really don't want to clos...
by SDLinguist
Tue Feb 18, 2020 7:08 pm
Forum: Personal Investments
Topic: New member: Is 85% S&P 500 index stupid?
Replies: 48
Views: 4805

Re: New member: Is 85% S&P 500 index stupid?

As others have said, the real thing that matters is if you don't panic sell and can sleep at night. With 300k in student debt I am assuming some sort of higher than average income, especially with 450k saved which means having accumulated $750k in your mid/late 30s. With that I am assuming you have ...
by SDLinguist
Mon Feb 17, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax underpayment penalty
Replies: 66
Views: 5151

Re: Tax underpayment penalty

I do not fully understand the difference between estimated taxes and withholding. I have withheld about 90% of my monthly paycheck from payroll all throughout the year. Hence I got very meager take home paycheck every month. This was in anticipation of the sale that I would make. The tax I paid in ...
by SDLinguist
Wed Feb 05, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Tax withholding, why do we owe so much?
Replies: 22
Views: 2342

Re: Tax withholding, why do we owe so much?

Thank you for the reminder to update my 2020 withholdings! I use the IRS Tax Withholding Estimator 4 times a year or so to make sure we are as close to zero as possible, usually we are a couple of hundred short on the federal and a couple of hundred over on the state for a net close to 0. I just upd...
by SDLinguist
Wed Feb 05, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build this house?
Replies: 38
Views: 4551

Re: Can we afford to build this house?

You can afford it. The key is the stable income. But do you want to afford it? 1) Have you calculated how much this will delay your financial independence? aka, can you meet your retirement savings goals? 2) Do both have disability insurance and life insurance that can cover your new/higher living ...
by SDLinguist
Sun Feb 02, 2020 6:26 pm
Forum: Personal Investments
Topic: Understanding "maxing out" retirement accounts
Replies: 47
Views: 3571

Re: Understanding "maxing out" retirement accounts

With a 95k gross income you will be paying a 12% effective rate in most of your income if you take the standard MFJ deduction.this is where it might be wise using Roth instead of traditional 401k/403b/IRA Doing rough math, if you save $17,160 in Roth this year that is equivalent to 19500 in traditio...
by SDLinguist
Tue Jan 28, 2020 5:36 pm
Forum: Personal Investments
Topic: "Relinquish" my index fund portfolio when moving to hedge fund?
Replies: 19
Views: 1823

Re: "Relinquish" my index fund portfolio when moving to hedge fund?

My wife works in finance. As others have said, for compliance all trades of individual stocks need to be pre-approved. They do have a list of index funds which do not need approval, pretty much all the big low cost funds from the big players. The reason is that as you work for a financial entity you...
by SDLinguist
Tue Jan 28, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can I spend on a car?
Replies: 59
Views: 5425

Re: How much money can I spend on a car?

Waste of money, just buy a honda or toyota. You can get a nice performance/luxury car for $50k... Hell you can pick up a 2017 off lease M2 with less than 30k miles for under 45k OTD currently and that car is pretty much the ultimate sports car until you get to a 718 gt4 at 3x the price. You let the...
by SDLinguist
Fri Jan 17, 2020 4:45 pm
Forum: Personal Investments
Topic: Help with making a spreadsheet for "lazy rebalancing"?
Replies: 14
Views: 1591

Re: Help with making a spreadsheet for "lazy rebalancing"?

Currently our 401ks are large enough of a percentage of our assets that we can keep our entire bond portion in there. I just keep our US/Foreign split at desired among the roths and taxable. Roths and Taxable are each 60/40 split so that when I deposit money the math is simple on how much to buy of ...
by SDLinguist
Wed Jan 15, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for assisted living care with dividends. $1.4 M porftolio. Need 7-8% yield. CEF's & MLP's?
Replies: 12
Views: 819

Re: Paying for assisted living care with dividends. $1.4 M porftolio. Need 7-8% yield. CEF's & MLP's?

As other have pointed out, run. 1.4m / 70k a year is 20 years. Without adding any money that would take your uncle to 100. The likelihood of him actually living that long is pretty low. The way the trust is set up it sounds like he gave up control of the money and is trusting the people in charge to...
by SDLinguist
Tue Jan 14, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 94911

Re: What age did you reach 100K networth?

Are people including mortgages in these net worth? What about home equity? Hard to imagine people have such a high net worth in 20s and 30s if including mortgage debt. The younger the answer is, the more likely it is directly or indirectly attributable to the parent(s). I'm sure the association bet...
by SDLinguist
Sun Jan 12, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Buying Car - buy outright or finance?
Replies: 59
Views: 5289

Re: Buying Car - buy outright or finance?

Go online and look at the lowest rate your local CU is offering. It is probably for a 36-48 month loan. It is probably under 3% for a "new" used car, one less than 4-5 years old. For 40k, a 3 year loan at <3% will have you pay around 2k in interest. You want to pull 40k out of the market ...
by SDLinguist
Sat Jan 11, 2020 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Buying Car - buy outright or finance?
Replies: 59
Views: 5289

Re: Buying Car - buy outright or finance?

Go online and look at the lowest rate your local CU is offering. It is probably for a 36-48 month loan. It is probably under 3% for a "new" used car, one less than 4-5 years old. For 40k, a 3 year loan at <3% will have you pay around 2k in interest. You want to pull 40k out of the market s...
by SDLinguist
Mon Jan 06, 2020 11:49 pm
Forum: Personal Investments
Topic: Mega-Backdoor, ESPP: New Year, New Job, New Plans
Replies: 5
Views: 472

Re: Mega-Backdoor, ESPP: New Year, New Job, New Plans

Maybe I don't understand what you are saying, but the way I see it we have ~12k a year to either have deducted from my paycheck to go to ESPP or from my wife's paycheck to go into her after tax 401k which she can then in-plan convert to Roth 401k, i.e. the mega-backdoor Roth. We can't make a lump s...
by SDLinguist
Mon Jan 06, 2020 6:31 pm
Forum: Personal Investments
Topic: Mega-Backdoor, ESPP: New Year, New Job, New Plans
Replies: 5
Views: 472

Re: Mega-Backdoor, ESPP: New Year, New Job, New Plans

Re: ESPP. We might work for the same company. The ESPP is still a great deal even if it's nowhere near the deal it used to be. Rather than do a full IRR calculation, doing it back of the envelope: 1) 10% discount means you pay $0.90 for $1.00 of value, a $0.10/$0.90 = ~11% benefit 2) You get this b...
by SDLinguist
Mon Jan 06, 2020 11:07 am
Forum: Personal Investments
Topic: Mega-Backdoor, ESPP: New Year, New Job, New Plans
Replies: 5
Views: 472

Mega-Backdoor, ESPP: New Year, New Job, New Plans

Hi all, with the new year starting I am looking over our finances and planning for the year. My company recently changed its ESPP plan for the worse and my wife will most likely be starting a new job in February which would come with the ability to do a mega backdoor so I am wondering about the best...
by SDLinguist
Thu Jan 02, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Possible dumb question about "effective tax rate"
Replies: 6
Views: 756

Re: Possible dumb question about "effective tax rate"

I don't include Social security or Medicare taxes in my effective tax rate, they are what they are and the only way to lower them is to not earn a salary or to earn over the cap. I also take the money paid into them out of my "gross" income, especially as someone with 37+ years to FRA I am...