Search found 31 matches

by averagelonghorn
Wed Nov 13, 2019 11:15 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 18
Views: 1254

Re: New financial responsibilities - a young couple seeking advice

I agree with considering it found money. I am unclear if it is +/- 30k total or if each of you got 30k this year. You already took the first step I would suggest; use it to max out your 401(k)s. As others mentioned consider also maxing out other tax free/tax deferred options: Roth IRA -6k each. (Ano...
by averagelonghorn
Tue Nov 12, 2019 1:44 pm
Forum: Personal Investments
Topic: ESPP with short holding period - worth participating?
Replies: 4
Views: 368

Re: ESPP with short holding period - worth participating?

My vote is yes, it is worth it. 15% discount is pretty much as good as any ESPP I know of. Lookback of first and last day is pretty much as good as any ESPP I know of nowadays. Once per quarter vs the more usual twice per year is quite good. Effective holding period is only thing that makes it sub-o...
by averagelonghorn
Sat Nov 09, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7227

Re: Should I buy the family cottage?

*If* your intention as owner of the family cottage would be to limit/stop siblings’ use or to ask them to pay rent or help out with maintenance/costs, suggest you discuss this with Dad prior to purchase. Part of dad’s reason for offering you a $250k-$350k discount could be to keep this sentimental ...
by averagelonghorn
Sat Nov 09, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10466

Re: Seller's agent not letting us use a buyer's agent

Did you sign a Buyer's Representation agreement with the Redfin agent? If so, it might spell out the commission your buyer's agent is entitled to, and probably says they will try first to collect from the Seller (or Seller's agent.) But you could be obligated to pay it if they can't collect from the...
by averagelonghorn
Fri Nov 08, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7227

Re: Should I buy the family cottage?

I'm going to join the majority of replies and say buy it. Probably getting a mortgage is best, rather than tap too much into other funds, except for down payment. Interest rates are pretty low. Almost none of the reasons are financial, they're almost all sentimental; but sometimes sentimental reason...
by averagelonghorn
Mon Nov 04, 2019 6:19 pm
Forum: Personal Investments
Topic: At the halfway mark, need help with 2 big decisions
Replies: 30
Views: 3166

Re: At the halfway mark, need help with 2 big decisions

I'd strongly consider the new job. 80+ hours per week is simply unsustainable. Only you can say if 50% travel is ok, I'm of a similar age, married and no kids, and I'd consider it.... if I were single, I'd consider it even more strongly. But I kind of liked work travel back when I did it.... my own ...
by averagelonghorn
Thu Oct 17, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 3733

Re: Handling a substantial salary increase - suggestions?

All good advice above, including some splurge that's a one time expense... my personal preference would be a nice vacation somewhere down the line, or now if your current savings allow and you can do it before starting the new position. I had a double in salary in my mid-30s; I wish I had used the o...
by averagelonghorn
Thu Oct 17, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Empty Nester Move from House to Apartment
Replies: 27
Views: 4275

Re: Retired Empty Nester Move from House to Apartment

Thanks for the replies. DId any of you have trouble securing an apartment after you retired when you did not have a job? If yes what strategies did you use to overcome this challenge? I do have invested assets that produce about 170K in income annually, but i do not want to share with the apartment...
by averagelonghorn
Wed Oct 16, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Empty Nester Move from House to Apartment
Replies: 27
Views: 4275

Re: Retired Empty Nester Move from House to Apartment

It sounds like a good plan to me, just on the basis that an empty-nester probably doesn't need near as much house as you currently have, unless you have solid plans to host a large family contingent frequently and that's important to you.... from your post, doesn't seem like that's the case. Overall...
by averagelonghorn
Wed Oct 16, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for roof, solar, electric panel
Replies: 15
Views: 1827

Re: How to pay for roof, solar, electric panel

I am also not an expert but the IRS is very clear on the matter in their latest notices. I'm not sure why we are still debating whether roofs count for the residential energy tax credit or not when the tax authority has publicly posted that they don't. Unless, I'm misunderstanding the Q&A below: ht...
by averagelonghorn
Wed Oct 16, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for roof, solar, electric panel
Replies: 15
Views: 1827

Re: How to pay for roof, solar, electric panel

I'm not even close to being an expert. I did used to work training solar installers, but never worked in the field and I'm not an expert on tax aspects, so take this with a grain of salt. I would think that the electrical panel (and possibly whole electrical service entrance as well) could easily be...
by averagelonghorn
Wed Oct 09, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2648

Re: Dilemma buying a new house

I'm a Realtor, and I'll just say up front that there's not one general answer to this, those pesky individual circumstances always come into play. I'm not giving advice as your agent; trying to put myself in the shoes of the one who had decided to move and is already building a house. All in all; if...
by averagelonghorn
Wed Oct 09, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Etrade for Roth IRA
Replies: 8
Views: 642

Re: Etrade for Roth IRA

My wife has had her Roth there for years; no complaints. She opened it there as that's where her ESPP, RSUs and way back in ancient history, her stock options go when they vest. They have long had good options for no fee index funds, and now that all stocks and ETFs have 0 Commissions, even better. ...
by averagelonghorn
Tue Oct 01, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Luxury condo
Replies: 56
Views: 4883

Re: Luxury condo

The quote above isn’t from me, rather it is from OP. :happy Sorry, I get a little sloppy editing quotes. Sentiment remains. Others, who make more money can probably afford the condo... whether they SHOULD afford that particular condo is a different question. :wink: (I'm a Realtor and I just find an...
by averagelonghorn
Tue Oct 01, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Luxury condo
Replies: 56
Views: 4883

Re: Luxury condo

Property insurance is included in the HOA... I'm supposed to buy more but am told it isn't that much. <SNIP> The larger question is: How do people afford these places? The answer seems to be...they don't. Or for billionaire tycoons only. I wonder if a time will come when I could do it, but that tim...
by averagelonghorn
Thu Sep 26, 2019 6:17 pm
Forum: Personal Investments
Topic: Threw me a curve [unexpected layoff]
Replies: 36
Views: 5909

Re: Threw me a curve [unexpected layoff]

I'll leave full reply to others, but especially since you DO plan to look for new employment, get on claiming unemployment. (As in call TOMORROW MORNING). Every state is different; but when I was laid off, even though I got a decent severance, I was eligible for unemployment within 2 weeks of separa...
by averagelonghorn
Thu Sep 26, 2019 4:58 pm
Forum: Personal Investments
Topic: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK
Replies: 27
Views: 3299

Re: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK

Thanks everyone. Betterment currently offers 2.15% on their high yield savings account - and this is down about a quarter of a point after the Fed's last rate cut. This is where I have my money parked right now. Was just hoping to do a little better if possible (i.e. 4-5%) even if it meant taking o...
by averagelonghorn
Mon Sep 23, 2019 5:41 pm
Forum: Personal Investments
Topic: Single Stock portfolio pct - vested vs unvested
Replies: 3
Views: 202

Re: Single Stock portfolio pct - vested vs unvested

<snip> My question is would you count the unvested allotment in the 5% calculation? If i have say 1M portfolio with 50K in vested options and RSUs with another 50k in unvested how would you view the risk against the 5% recommendation. I was thinking of splitting the difference and keeping 2.5% vest...
by averagelonghorn
Mon Sep 23, 2019 12:40 pm
Forum: Personal Investments
Topic: Is it worth attempting an in-kind transfer from equiniti or computershare to Vanguard?
Replies: 7
Views: 704

Re: Is it worth attempting an in-kind transfer from equiniti or computershare to Vanguard?

Thanks to everyone who replied! If I transfer, I'm going to end up paying for the sale of my fractional shares, so I think I'm going to elect to simply sell the shares in their entirety and sort out the tax basis as best I can. As I mentioned above (or at least meant to if my conclusion wasn't clea...
by averagelonghorn
Tue Sep 17, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8217

Re: Managing joint finances when one is a perfectionist

Convince him to turn on the automatic min payment function on his cards. Then at least he will.never get late fees My Dh isnt that bad but he also isnt as detailed as I am. I am most likely not as detailed as you cause i too have said well it was ar least x and gone with that a time or too. Just cr...
by averagelonghorn
Mon Sep 09, 2019 2:24 pm
Forum: Personal Investments
Topic: How to beat 2% safely?
Replies: 49
Views: 6170

Re: How to beat 2% safely?

OP has to live somewhere while buying the new house and empty houses sell faster than occupied ones. Is this true? I've never heard it before. I'm a Realtor, so I have an opinion, though I can't say I've run any stats to prove it. I'd say in general yes, an empty house will sell faster than a lived...
by averagelonghorn
Mon Sep 09, 2019 2:04 pm
Forum: Personal Investments
Topic: Is it worth attempting an in-kind transfer from equiniti or computershare to Vanguard?
Replies: 7
Views: 704

Re: Is it worth attempting an in-kind transfer from equiniti or computershare to Vanguard?

If you plan to donate at least the value of the shares, I tend to agree that just donating the shares are a pretty clean way to not worry about the cost basis... but if you want to just sell/transfer the shares: I believe each plan might have slightly different rules, but just guessing from the Mega...
by averagelonghorn
Mon Sep 02, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: semi-DIY solar panels
Replies: 39
Views: 3307

Re: semi-DIY solar panels

There may also be additional state contractor licensing requirements to meet for solar installations. My state (Texas) tends to be light on these types of requirements. The state legislature actually recently let the licensing requirement for plumbers lapse, though that may be reinstated. The utili...
by averagelonghorn
Fri Aug 16, 2019 4:44 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1828

Re: Single-stock investing in taxable or Roth?

To me it would depend a little on how much of total portfolio is in Roth, and how much of this one stock will be as percentage of that Roth space. If it makes up half his Roth, then I'd prefer taxable, if besides 4% of total portfolio, it's also not that big a chunk of his Roth, I personally would r...
by averagelonghorn
Thu Aug 15, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy - Running the numbers, what am I missing?
Replies: 55
Views: 4195

Re: Rent vs. Buy - Running the numbers, what am I missing?

Wow, those property taxes are high in Austin! No state income tax in Texas. State and local tax revenues mostly come from property tax at the local level (Mostly school district, City, County, then various other local entities) and sales tax to the state and city. What those various other local ent...
by averagelonghorn
Wed Aug 14, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy - Running the numbers, what am I missing?
Replies: 55
Views: 4195

Re: Rent vs. Buy - Running the numbers, what am I missing?

I have owned my current place for just over 15 years; couldn't rent or buy for anything near the same amount now (As in rent wise; cost would probably be 2.5x as much for something smaller), even with property tax increases, so that is my own personal benchmark that it was right decision for us. Ju...
by averagelonghorn
Wed Aug 14, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy - Running the numbers, what am I missing?
Replies: 55
Views: 4195

Re: Rent vs. Buy - Running the numbers, what am I missing?

I'm a real estate agent in Austin, and I work with plenty of people renting apartments, and buyers too. You mention a fast growing area NEAR Austin, and that could mean plenty of different places. Your pricing analysis captures many of the right things to look at; but I only want to mention whether ...
by averagelonghorn
Mon Jul 15, 2019 8:06 pm
Forum: Personal Investments
Topic: Old pension plan- take the lump sum or wait for the monthly payout?
Replies: 23
Views: 2069

Re: Old pension plan- take the lump sum or wait for the monthly payout?

I very much reserve the right to change my mind and take the lump sum at any point. One thing to watch out for is that the lump sum option can be taken away. I had an old pension like that where they discontinued the lump sum option for about five years when the pension funding percentage fell belo...
by averagelonghorn
Mon Jul 15, 2019 7:18 pm
Forum: Personal Investments
Topic: Old pension plan- take the lump sum or wait for the monthly payout?
Replies: 23
Views: 2069

Re: Old pension plan- take the lump sum or wait for the monthly payout?

My very short analysis (/TLDR) is that it probably doesn't matter much. Your numbers are extremely similar to mine. I actually wonder if it is the same megacorp, or as a cartoonist I used to like would call it, a TIC (Three Initial Company.) I left my megacorp around 11 years ago, and have considere...
by averagelonghorn
Wed Jul 03, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6723

Re: Adult son has not controlled credit card overuse!

In my early 20s, just after college, I still had overdraft protection coming out of my father's account (We had set this up while I was in college and he was largely supporting me. I had about 3 times in about 3 months where a not very large amount came out of his account. I got the phone call.... h...
by averagelonghorn
Thu May 23, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 14760

Re: Should I encourage my kids to work in high school/college?

(TL/DR version: Work in HS/college might be great, might; no idea; but some of both worked well for me!) I'm a long time lurker here, this is actually my first post, not sure why this topic inspired me to reply, but it did. I had a paper route as a kid in the early 80s; such a job is no longer reall...