Search found 525 matches

by StealthRabbit
Sun May 24, 2020 2:15 pm
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 36
Views: 2287

Re: Roth IRA for children

Good idea to start kids in Roth; 1) IRA is Not considered in FAFSA - college financial aid eval. 2) Teach them to work (good idea), hint: kids work best for others, team up with neighbors and friends, gives kids a good perspective of working for future bosses / different leadership and expectations...
by StealthRabbit
Sun May 17, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2470

Re: How did you set up your trust distributions?

Discretionary distributions by trustee (while a minor) Staggered age related distributions up to age 50 (with safety provisions for potential future 'Gold Digger' spouses) At age 35. dependents become donor advisors to our family foundation (where most of the assets will land at that time, provided ...
by StealthRabbit
Sun May 17, 2020 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Do you need to worry about receiving college financial aid in 15 years if...
Replies: 28
Views: 2344

Re: Do you need to worry about receiving college financial aid in 15 years if...

Expect NO College Financial aid... I you are: White Middle income (even low middle income) Have Assets amount beyond home If you have capital assets (apart from a family farm where you also domicile) Very tough for your student to have accessible assets (best to keep it in 'retirement accts'. Roth w...
by StealthRabbit
Thu May 07, 2020 12:28 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11141

Re: All my friends are outperforming index funds

Let’s see how they’re doing in 2 years. It’s not impossible to beat the market, just highly unlikely over an extended period of time. How do you know they’re beating the market? They tell you they invested money in a high flyer? If they beat the market and threw down $500 this year, I’m not impress...
by StealthRabbit
Thu May 07, 2020 12:22 am
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9717

Re: How Do Early Retirees Pay for Medical

62 and ready to retire due to minor health reasons. Wife (61)will still work for a year. $2M in 401k, stocks and IRA. Wife has $300,000 pension. No kids. How do early retirees pay for their medical? $2m invested...+ $300k pension and No Kids ought to adequately cover HC :beer I left wage income at ...
by StealthRabbit
Sun May 03, 2020 12:12 am
Forum: Personal Investments
Topic: Conversion of BRKA to BRKB Online At Vanguard?
Replies: 5
Views: 1595

Re: Conversion of BRKA to BRKB Online At Vanguard?

when he gives to charity, he converts his A shares to B shares first and then gives the B shares to the charity. good way to fund your DAF. My DAF has been a very valuable tax planning tool that provides stability and consistency to my gifting for perpetuity. (in yrs such as these... no wage income...
by StealthRabbit
Tue Apr 28, 2020 1:02 am
Forum: Personal Investments
Topic: WHAT TO DO for family of 5, tiny house, extra $: Mortage payoff vs. 529 vs. taxable retirement
Replies: 27
Views: 1897

Re: WHAT TO DO for family of 5, tiny house, extra $: Mortage payoff vs. 529 vs. taxable retirement

Definitely hearing from the 'other side' here... (BTDT about 20 yrs ago (kids been out of college for ~15 yrs) Single earner family never made over $60k lived in a HCOL area. - often overseas. (I'm missing something... your annual salary / budget % discretionary / fixed spending) a, (Mortgage) I don...
by StealthRabbit
Mon Apr 20, 2020 11:36 am
Forum: Personal Investments
Topic: Ginnie Mae yield?
Replies: 6
Views: 542

Re: Ginnie Mae yield?

'Post / during virus' allocations Early retiree, Looking for safety (1st)... yield (2nd) for significant cash reserves + bond side (~40% of portfolio). (income tax free state) Is VFIIX at risk if significant mortgage failures in the next few yrs? Corp bonds are similarly at risk of default (I would ...
by StealthRabbit
Thu Apr 09, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in career - what did you do to "unstuck" yourself?
Replies: 41
Views: 3681

Re: Feeling stuck in career - what did you do to "unstuck" yourself?

Each job is 'free training' for your future, expound on that! Don't miss an opportunity to learn from others. Glean what will be valuable, fill your 'skills toolbox' on the dime of others. Keep your dreams and ideas alive. There are 24 hrs in a day. Use it wisely. (I often worked 3 jobs age 15 to ag...
by StealthRabbit
Thu Apr 09, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8455

Re: How do you maximize enjoyment after achieving FI?

As a gentle reminder... I don't see many comments on 'longevity' / quality of life / changing desires and capabilities as you age. Consider the above thoughts on purposeful living / spending. My dad had the world by the tail. Then woke up one morning at age 47 with a significant stroke. Lost 7 busin...
by StealthRabbit
Wed Apr 08, 2020 10:32 pm
Forum: Personal Investments
Topic: Best Paid growth investing newsletter to follow?
Replies: 9
Views: 520

Re: Best Paid growth investing newsletter to follow?

Depends what your focus for growth is... You want to follow a plan that fits you. Newsletter actual performance is no secret. http://hulbertratings.com/12-month-scoreboard/ Some of these are very Boglehead-like... None are clear winners of absolute growth perpetually. I get several newsletters / sum...
by StealthRabbit
Wed Apr 08, 2020 10:21 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8455

Re: How do you maximize enjoyment after achieving FI?

Find your passion, then do it. Since ours is helping others... in our 30's... We took all our wealth and put it in a family foundation. (Not much since we were single earner factory night shift wage family.) Fast forward 30+ yrs... Our foundation perpetually gifts annually, and we donate our time an...
by StealthRabbit
Wed Apr 08, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: FT Lauderdale vs San Antonio - For Retirement
Replies: 14
Views: 1478

Re: FT Lauderdale vs San Antonio - For Retirement

Ft. Lauderdale has warm winters, average January low is 62F. San Antonio can be much colder, average January low is 44F. Thus... Our summer home (and domicile) is in Income tax free WA state. AK would work for summers too. Long days would be great. We use San Antonio for winter home. (but prefer NZ...
by StealthRabbit
Wed Feb 26, 2020 4:58 pm
Forum: Personal Investments
Topic: Investment account for kids
Replies: 31
Views: 2587

Re: Investment account for kids

... Thank you for posting this. Could you please add a few more details: - how old were your kids when you added them to Roth IRA for kids? - how did you keep track of their earnings? what were the typical earnings when kids? - Can you match 100% of their earnings starting age 12 to 18? This is goo...
by StealthRabbit
Wed Feb 26, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy short-term health insurance or ACA plan
Replies: 24
Views: 1418

Re: Should I buy short-term health insurance or ACA plan

1) only about 50% of doctors here take the ACA plans, whereas about 95% of doctors here take the short term medical plans. 2) the ACA plans only provide coverage in this county, whereas the short term plans provide coverage nation-wide. 3) short-term plans are much cheaper Well maybe he's right but...
by StealthRabbit
Wed Feb 26, 2020 4:31 pm
Forum: Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 128
Views: 10957

Re: How do you handle the urge to DO something?

How do you handle the urge to DO something? i.e. Market urges dispelled by the following. 1) Lap swimming (drown my sorrows, calm my fears) I have been known to swim 300 laps at a session (retired... nothing else to do on a rainy / snowy day) 2) Very fast motorcycle riding... (ex-racer, still have ...
by StealthRabbit
Sat Feb 22, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement planning tips/thoughts for married couples
Replies: 12
Views: 1436

Re: Retirement planning tips/thoughts for married couples

4&6 HC options... gotta be creative (as you do to be FIRE) Be and stay Flexible.. Life happens, way different than your 'plan' (Unless you have a Gov Career / pension / financial security) I left wage income(FIRE) at age 49,- single earner family, hourly night shift wages (never rich), no inheritanc...
by StealthRabbit
Thu Feb 20, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't everyone own a home as a business and rent elsewhere?
Replies: 57
Views: 7293

Re: Why doesn't everyone own a home as a business and rent elsewhere?

Because I'd have to get the tenants to tend my chickens, garden, and fruit trees. My tenants love to feed my livestock, use my chainsaw and tractors, and enjoy the view and peace and quiet and security. We have 12 rural rental properties, and still able to take a year off to travel around the world...
by StealthRabbit
Thu Feb 20, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't everyone own a home as a business and rent elsewhere?
Replies: 57
Views: 7293

Re: Why doesn't everyone own a home as a business and rent elsewhere?

Owning NNN commercial is a decent way to use RE $ in equity to create sustainable cash flows to cover your personal rents. The LAST thing I would like to own as a RE investment is a SFR, but at the moment I am stuck with several SFR (Due to commercial RE loan calls in 2008). All rent for ~10% cap ra...
by StealthRabbit
Thu Feb 13, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Hand raising with impending layoffs
Replies: 21
Views: 3782

Re: Hand raising with impending layoffs

Let me put it this way, I was laid off in October 2019. My severance was six weeks. My new job paid 22% more plus a target bonus of 15% instead of 5%. Long story short, if the company is having layoffs, start looking now. Don't wait for a severance. Agreed. If you have viable options or are ready t...
by StealthRabbit
Sun Feb 09, 2020 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Temporary move abroad: rent or sell home?
Replies: 33
Views: 1567

Re: Temporary move abroad: rent or sell home?

As a WA resident who did 5 international work / living assignments... Unless you just gotta keep this place (for some reason), I would SELL a Seattle home while the market is hot, (tho you could have a problem re-entering upon return). Hopefully the market will correct or you can find a less expensi...
by StealthRabbit
Sun Feb 09, 2020 4:04 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11984

Re: Couples w/ kids: What is/was the most expensive time period of your life?

... I'm not exactly sure what you are getting at here. But I think it is safe to say the median Boglehead income is not reflective of the national median household income, although there is a wide range among Bogleheads and certainly not all are high income. Never made > $60k annually (night shift ...
by StealthRabbit
Sat Feb 08, 2020 12:36 pm
Forum: Personal Investments
Topic: Investment for Children: How to Balance Growth, Taxes, and Control?
Replies: 5
Views: 330

Re: Investment for Children: How to Balance Growth, Taxes, and Control?

You will want the gift in a UTMA, not a UGMA. https://www.thebalance.com/beginners-guide-to-ugma-and-utma-custodial-accounts-4060475 Eventually, you may want that asset in a Trust with specified distribution dates (may be able to do this outside of a trust, but when we were with 'dependent children'...
by StealthRabbit
Wed Feb 05, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11984

Re: Couples w/ kids: What is/was the most expensive time period of your life?

Cash outflows = Broken bones (3 arms, 2 legs) Pre age 10. Homeschooled, so no significant expenses, except for 6 week to 6 month field trips (they were fun expenses) Capital expenses = Jr high when we fronted them the money to build their own houses (~$80k) Was all paid back when their homes got com...
by StealthRabbit
Sun Feb 02, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Lower-cost donor-advised funds?
Replies: 34
Views: 2016

Re: Lower-cost donor-advised funds?

I first used a community foundation for DAF. (~30 yrs ago) When I dug into some missing designated gifts I discovered the community foundation had not been allocating, managing, or investing according to my written recommendations. They doing what they they wanted to serve their interests. I quickly...
by StealthRabbit
Sun Feb 02, 2020 4:27 am
Forum: Personal Investments
Topic: Do you feel less willing to contribute as retirement accounts get larger?
Replies: 57
Views: 4569

Re: Do you feel less willing to contribute as retirement accounts get larger?

If no longer contributing to retirement? What's next? Sure there are other ways to build your wealth. Pursue what best suits your needs and horizon. While eligible (earned income) it is a good idea to max any defered options if able. Once retired... Or ineligible to contribute, your options decrease...
by StealthRabbit
Sun Feb 02, 2020 3:58 am
Forum: Personal Investments
Topic: Investment account for kids
Replies: 31
Views: 2587

Re: Investment account for kids

Roth IRAs worked great for our kids... FAFSA did not consider those funds. Kids still got nothing except interest deferred loans, but... They each had enough in Roth's to fund college should they have decided to use it for that. At the time their own loans were 2.7% . They were savvy enough to take ...
by StealthRabbit
Sun Feb 02, 2020 1:37 am
Forum: Personal Consumer Issues
Topic: I have a question for those in early FIRE or planning on early FIRE
Replies: 81
Views: 8279

Re: I have a question for those in early FIRE or planning on early FIRE

There are so many interesting things to do in life, I really never had time to invest in work. Tho I 'attended' and contributed my 200%, was always ranked high, and given much latitude. (Sabbaticals, international assignments, flexible schedule, challenging projects, much responsibility, and freedom...
by StealthRabbit
Sun Jan 26, 2020 4:03 am
Forum: Personal Investments
Topic: When would I want ETFs vs Funds?
Replies: 12
Views: 1189

Re: When would I want ETFs vs Funds?

delete (duplicate post... "dial-up" lag :annoyed )
by StealthRabbit
Sun Jan 26, 2020 4:03 am
Forum: Personal Investments
Topic: When would I want ETFs vs Funds?
Replies: 12
Views: 1189

Re: When would I want ETFs vs Funds?

I use ETF's so I get immediate transactions and use of limit orders.

End of day pricing (funds) may not be too pretty.

Depends on your desire and trading style.
by StealthRabbit
Sun Jan 26, 2020 3:57 am
Forum: Personal Investments
Topic: Selling rental property or look for a next tenant?
Replies: 11
Views: 1083

Re: Selling rental property or look for a next tenant?

^^ agree... Sounds like a good time to sell it FAST. A bad market could have you stuck with it for another decade. I am running the numbers on selling a few of my rentals at the moment. Some are not worth keeping as I projected 5, 10, 15 yrs with anticipated returns / repairs, market change. ALL had...
by StealthRabbit
Sun Jan 26, 2020 3:46 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions approaching age 65
Replies: 18
Views: 1087

Re: HSA contributions approaching age 65

Pro-ration is correct...as I understand it. Only can contribute for the months eligible for HDHP / HSA (Spouse or self) I have seen some references to spouse getting to set aside 100% of contribution / catch-up even if PT, but Tax-cut software would not calculate a full yr contribution with ANY part...
by StealthRabbit
Sun Jan 26, 2020 3:29 am
Forum: Personal Finance (Not Investing)
Topic: Making funeral arrangements? Consider "pre-need" insurance
Replies: 35
Views: 4023

Re: Making funeral arrangements? Consider "pre-need" insurance

My mother, in a HCOL city, joined a non-profit memorial society about 10 years before she died. It negotiates prices with local mortuaries and publishes a fixed price schedule, updated each year. ... Price ($995 (and $1,070 including death certificates and county filing fee), which I paid over the ...
by StealthRabbit
Tue Jan 21, 2020 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16853

Re: Why retire?

If I were age 38, (at the moment), I would look around at the health of my USA patients and the condition of the USA medical and healthcare systems and wonder in amazement what could it possibly be like in 30 more yrs. Then I would find a way to get somewhere that better fits my vision of what / whe...
by StealthRabbit
Thu Jan 16, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 29595

Re: Do you plan to actually spend down your portfolio?

"...spend down your portfolio" Glad everyone is different and there is room for that. My primary goal is to live a decent life, while contributing to the quality of life of others while I'm still alive. Perpetual bequests were orchestrated in my 30's (DAF funded by appreciated company shares). Live...
by StealthRabbit
Thu Jan 16, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Quality of Life Pay Cut vs. Second Job Income
Replies: 10
Views: 1295

Re: Quality of Life Pay Cut vs. Second Job Income

Yes, your income is just another tool to navigate life. Family is important, and nothing equals the time you spend with them. As toddlers / short term you could increase work hours IF as previously mentioned (EMS) they are 'sleeping' hours for your family anyway and you still have long extended time...
by StealthRabbit
Thu Jan 16, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

yes, those CC summaries can be a wake-up call for those who don't budget. could... chop up the CC! But best to track spending (Even using CC summary at this point) Find out where it is going, and if it is necessary or a priority. Then... make a plan (grabbing the identified low hanging fruit) Retire...
by StealthRabbit
Tue Jan 14, 2020 2:37 am
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

well.... How good at Real Estate or personal business with depreciable assets are you? I had to re-allocate equities into several income properties. Depreciation alone chips away at any gains, then you can deduct a lot of improvements and repairs (adding value for future sell). You can offset ALL yo...
by StealthRabbit
Tue Jan 14, 2020 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Jobs in small towns
Replies: 11
Views: 1272

Re: Jobs in small towns

I spent my working yrs avoiding commute traffic and parking lots. Small towns help meet that goal. For retirement I insisted on being in a county without a stoplight (Success) Jobs (?)... varies, but it helps if you are creative and can do a LOT of variety! Our pastor is a bulldozer driver and under...
by StealthRabbit
Fri Jan 10, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Helping someone who’s broke, charitable or enabling?
Replies: 17
Views: 1364

Re: Helping someone who’s broke, charitable or enabling?

daughter is leery of the effect on their relationship if he were to become financially dependent on us. Congrats, you have a very wise daughter, You did well. :wink: Respect her feedback, if it is a few thousand $ the BF will be best figuring out how to manage and succeed in his responsibilities. I...
by StealthRabbit
Tue Jan 07, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Picking a Realtor
Replies: 36
Views: 2407

Re: Picking a Realtor

Duplicate post
by StealthRabbit
Tue Jan 07, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Picking a Realtor
Replies: 36
Views: 2407

Re: Picking a Realtor

I have done 32 of my 34 property transactions 'realtor free', but... if you need one... 1) Referrals from measurable excellent results (successful CLOSINGS) Can mean being 'pushy' 2) Stats that indicate they sell a lot of properties in your area and in your price range in quick turn times (You can g...
by StealthRabbit
Tue Jan 07, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity cost of helping out relatives
Replies: 54
Views: 4978

Re: Opportunity cost of helping out relatives

I commend your thoughts and perspective. I have always tried to give away more than I spend on myself, and have helped relatives and my parents. (and more so neighbors) For this specific need, I would address with Parents of cousin (since they own the home) and IF they desire to add the remodel / va...
by StealthRabbit
Tue Jan 07, 2020 5:02 pm
Forum: Personal Investments
Topic: Buying Real Estate for More Immediate Income Stream
Replies: 12
Views: 1357

Re: Buying Real Estate for More Immediate Income Stream

How well do you know your RE market? Do you have a seasoned (and successful) mentor? RE is a very LT investment, but can work for good returns if in the right market as long as you buy right, and know your market / risks. I use a very simple formula that if I can't rent it for 1% / month of total pr...
by StealthRabbit
Sun Jan 05, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 134
Views: 14058

Re: Spreadsheets - Out of here!

I still like spreadsheets, If you were on my Christmas or Valentine's list you might expect one in the mail!
by StealthRabbit
Tue Dec 31, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: I quit my job. What are some tax considerations I should make for TY2020?
Replies: 10
Views: 911

Re: I quit my job. What are some tax considerations I should make for TY2020?

Harvest any gains Roth rolls (from Tira) If below age 70, and 401k internal investment and expense options are reasonable, I personally would NOT convert 401k to IRA (better asset protection in 401k) Get enough 'earned income' to cover expenses + IRA and HSA contributions Reside in a income tax fre...
by StealthRabbit
Tue Dec 31, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement and raising kids. Impact?
Replies: 8
Views: 1263

Re: Early retirement and raising kids. Impact?

Kids learn significantly by example. Doubt you will be sitting on your thumbs while at home raising kids. "Wage earning" is not something they really witness from parents. (Especially if parents are GONE to do so, or stick them in school or childcare while parent WORKS for a living!) But they witnes...
by StealthRabbit
Tue Dec 31, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10908

Re: How much were you able to save this year?

Apart from fulling funding HSA, + Catchup IRA... Significantly a negative Income / savings yr (FIRE), that's OK. Ate well, traveled alot > 70% of the time, gave a lot away. (had more than I needed, as I have since age 15) Still kick'n, hoping to make it to medicare age! 60%+ savings rate during care...
by StealthRabbit
Tue Dec 31, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5112

Re: To what do you owe your ability to forego spending now and save for your future?

To what do you owe your ability to forego spending now and save for your future? My Grandparents.. . getting paid for work done today via "Calves".... = 24 month+ Delayed / fragile / fleeting compensation. (Especially when they died... coyotes, blizzards, disease, injury, Livestock market price tum...