Search found 107 matches

by BestCoast123
Mon Feb 22, 2021 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: CA to WA move tax question
Replies: 13
Views: 913

Re: CA to WA move tax question

Some considerations: 1) While WA has no income tax, like the other states that don’t, they have to get their revenue somewhere. In WA, the property taxes are higher (and increases are not capped like CA) and there is an inheritance tax. What is your combined taxable income? The CA income tax isn’t ...
by BestCoast123
Fri Jan 22, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in Mobile Home Park
Replies: 91
Views: 6440

Re: Investment in Mobile Home Park

Now here is the thing that I've learned matters the most! Utilities. Best case, it's city water and city sewer. It each unit submetered so the tenant is paying for usage? If not, this is usually the first thing someone does to improve profits. You likely own the water lines to each unit, so you'll ...
by BestCoast123
Fri Jan 15, 2021 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing School: Pay out of pocket or take out loans??
Replies: 19
Views: 1642

Re: Nursing School: Pay out of pocket or take out loans??

Since its a BSN, federal undergrad loans start at just 2.75%. Although, I think you probably need to work full-time for loan forgiveness benefits. Would confirm if part-time would count. 2.75% - not too bad. Thanks. Where do you find these rates? Looks like NHSC Loan Repayment Program supports part...
by BestCoast123
Fri Jan 15, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing School: Pay out of pocket or take out loans??
Replies: 19
Views: 1642

Re: Nursing School: Pay out of pocket or take out loans??

Since its a BSN, federal undergrad loans start at just 2.75%.

Although, I think you probably need to work full-time for loan forgiveness benefits. Would confirm if part-time would count.
by BestCoast123
Fri Jan 15, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing School: Pay out of pocket or take out loans??
Replies: 19
Views: 1642

Re: Nursing School: Pay out of pocket or take out loans??

Grad loans for 2021 are 4.30% (Stafford) and Plus loans are 5.30%. Fyi...
by BestCoast123
Mon Jan 04, 2021 1:18 pm
Forum: Investing - Theory, News & General
Topic: Is rebalancing a “market timing” thing ?
Replies: 31
Views: 1213

Re: Is rebalancing a “market timing” thing ?

I ve pondering lately as to whether rebalancing is a market timing thing... Of course it keeps your AA and risk in place, but how do you determine when to rebalance ? It usually occurs either by timing (p.e. Once a year or ...) or when you hit a band (5%, 10% etc). But isn’t this a kind of market t...
by BestCoast123
Wed Dec 30, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover IRA into 401k in 2021, then Backdoor Roth IRA in 2022?
Replies: 5
Views: 325

Re: Rollover IRA into 401k in 2021, then Backdoor Roth IRA in 2022?

She can contribute for 2020 and 2021 even when she has pre-tax TIRA assets, although those contributions should go to a separate account to avoid errors. And as soon as her rollover goes through in early 2021 she can convert. +1 BestCoast123, see Roth Conversion & Backdoor Roth IRA - Bogleheads...
by BestCoast123
Tue Dec 29, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover IRA into 401k in 2021, then Backdoor Roth IRA in 2022?
Replies: 5
Views: 325

Rollover IRA into 401k in 2021, then Backdoor Roth IRA in 2022?

Got married this year. Procrastinated a bit and didn't start my wife's rollover of her IRA into our work 401k until late this year. It won't be completed until early 2021. My understanding is that for simplicity sake and to avoid converting any of the pre-tax IRA, we need to wait until 2022 to do a ...
by BestCoast123
Tue Dec 15, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do bogleheads optimize credit card rewards?
Replies: 70
Views: 5630

Re: How do bogleheads optimize credit card rewards?

If married (or in a relationship), an airline card with an annual companion pass typically pays for itself if you are going to use the companion pass every year. 2020 not withstanding.
by BestCoast123
Fri Dec 11, 2020 5:15 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 374
Views: 47517

Re: What video games are you currently playing?

Star Wars: Knights of the old Republic II: The Sith Lords. KOTOR 2 for short. This sequel was rushed when it was released in 2004. I played it the first time around 2005, and it was slightly disappointing compared to its predecessor. However, fans have been working on restoring the cut content and ...
by BestCoast123
Fri Dec 11, 2020 5:13 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 374
Views: 47517

Re: What video games are you currently playing?

Blue456 wrote: Tue Nov 10, 2020 10:11 am
swordandscales wrote: Mon Feb 03, 2020 5:40 pm Civ VI are good.
I love Civilization games but version 6 turned me completely off with its cartoon like graphics. I am waiting until 2024 for Civ 7.
I keep playing Sid's Alpha Centauri...

Looking forward to playing Baldur's Gate 3 after XMas.
by BestCoast123
Fri Dec 11, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: When are annual bonuses usually paid?
Replies: 42
Views: 2549

Re: When are annual bonuses usually paid?

Mega Corp. Some time in March.
by BestCoast123
Fri Dec 11, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?
Replies: 22
Views: 3495

Re: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?

Agreed, it's speculative but it is a real concern for some people. I have heard that the spaghetti monster may rise from the river and consume all of mankind. Let us discuss this concern. Haha. I agree that it's probably a low-probability concern in the near-term. Low-probability is not no probabil...
by BestCoast123
Fri Dec 11, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Best investing book for 18-year-old who has developed interest in stocks?
Replies: 34
Views: 1455

Re: Best investing book for 18-year-old who has developed interest in stocks?

Tell him to start learning financial accounting. Stress that it's the language of business and you can't value a business (trade stocks) with any chance of skill without learning it. He can probably find a free online class. It will be super boring and he won't want to finish it. Other lesson would ...
by BestCoast123
Thu Dec 03, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?
Replies: 22
Views: 3495

Re: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?

Is there an unusual gifting exemption for this year above the $15K amount? Something that can't be taken advantage of in January 2021 instead? My 78-year-old mom has spoken to her financial professionals about this, and she seems to think that there is some sort of financial gifting she can do for ...
by BestCoast123
Thu Dec 03, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?
Replies: 22
Views: 3495

Re: Is there a special 2020 gifting loophole above the $15k that must be done by 12/31?

Is there an unusual gifting exemption for this year above the $15K amount? Something that can't be taken advantage of in January 2021 instead? My 78-year-old mom has spoken to her financial professionals about this, and she seems to think that there is some sort of financial gifting she can do for ...
by BestCoast123
Wed Nov 25, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Eenie meenie miney moan, Help me pick a refi loan! :)
Replies: 14
Views: 1154

Re: Eenie meenie miney moe, Help me pick a refi loan! :)

Personally, I firmly believe LIBOR/SOFR will be near 0 for a couple years atleast as we will be still trying to recover from a recession. IF you will be paying it down aggressively, that might make sense - and I believe would minimize your interest expense. But I'd probably go with the 10-yr. Max 4...
by BestCoast123
Wed Nov 25, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Eenie meenie miney moan, Help me pick a refi loan! :)
Replies: 14
Views: 1154

Re: Eenie meenie miney moe, Help me pick a refi loan! :)

Personally, I firmly believe LIBOR/SOFR will be near 0 for a couple years atleast as we will be still trying to recover from a recession. IF you will be paying it down aggressively, that might make sense - and I believe would minimize your interest expense. But I'd probably go with the 10-yr. Max 4...
by BestCoast123
Wed Nov 25, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Eenie meenie miney moan, Help me pick a refi loan! :)
Replies: 14
Views: 1154

Re: Eenie meenie miney moe, Help me pick a refi loan! :)

Personally, I firmly believe LIBOR/SOFR will be near 0 for a couple years atleast as we will be still trying to recover from a recession. IF you will be paying it down aggressively, that might make sense - and I believe would minimize your interest expense. But I'd probably go with the 10-yr. Max 40...
by BestCoast123
Wed Nov 25, 2020 12:31 pm
Forum: Personal Investments
Topic: Beginner/New(ish) Grad looking for Portfolio Guidance
Replies: 8
Views: 542

Re: Beginner/New(ish) Grad looking for Portfolio Guidance

I’m appreciative if you’ve read this far and thank you in advance for any suggestions. 1. What kind of health insurance do you have? If you're "young and healthy" consider a high deductible plan that allows you to invest in an HSA. All-else-equal it would be better to max out your HSA tha...
by BestCoast123
Tue Nov 24, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Grad school loan
Replies: 8
Views: 754

Re: Grad school loan

This is for Physician Assistant studies. Another option may be for us to lay it out and have her re-pay a good part of it. The terms we can offer her a extremely favorable compared to a typical loan. One reason to go the federal loan rates - is depending on where she ends up - she might be eligible...
by BestCoast123
Tue Nov 24, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Grad school loan
Replies: 8
Views: 754

Re: Grad school loan

Depends. What degree? (There are specialized lending programs for some degrees.) But in general Federal loans - Stafford Unsubsidized and GradPlus Loans while in school and plan on a refinance after graduation (SoFi, Mohela, etc). She should be able to borrow for the cost of attendance plus reasonab...
by BestCoast123
Mon Nov 23, 2020 7:10 pm
Forum: Personal Investments
Topic: Continue Maxing Retirement or Buy a House? (Military)
Replies: 23
Views: 1728

Re: Continue Maxing Retirement or Buy a House? (Military)

I'm not sure about career yet. I'll be in roughly 12 years by the time my contract is up, so it's a possibility. I'm a pilot so the airlines will be an option at that point, but even then I would likely stay in the reserves in some capacity and continue to fly mil part-time. Ideally that would be i...
by BestCoast123
Thu Nov 12, 2020 5:54 pm
Forum: Investing - Theory, News & General
Topic: How on earth can overweighting US stock over international stock possibly be considered Boglehead?
Replies: 253
Views: 16143

Re: How on earth can overweighting US stock over international stock possibly be considered Boglehead?

At it's core, Boglehead is about taking low-cost beta (market) exposure. Determining which beta is a personal decision. Figure out what risk exposure you want and get it at low-cost and in a tax-efficient manor. There's an argument to be said for over-weighting your domestic market since you should ...
by BestCoast123
Thu Oct 29, 2020 12:32 am
Forum: Personal Investments
Topic: Roth 401(k) always worse than Traditional 401(k)
Replies: 54
Views: 6276

Re: Roth 401(k) always worse than Traditional 401(k)

The other thing to note is that if uou are maxing out the Roth 401k lets you contribute more into tax-advantaged accounts.
by BestCoast123
Thu Oct 29, 2020 12:25 am
Forum: Personal Investments
Topic: Retired young - what to do with 401k from employer?
Replies: 25
Views: 3592

Re: Retired young - what to do with 401k from employer?

I’m not sure I’ll take another corporate America job. Is there any downside to rolling my 401k into a traditional IRA so I can invest it in whatever I want? I’m looking at fidelity or vanguard to roll it to. Could impact ability to do back door roth IRA contributions. (Well, make it more of a pain....
by BestCoast123
Thu Oct 22, 2020 3:45 pm
Forum: Personal Investments
Topic: 401k matching question
Replies: 9
Views: 786

Re: 401k matching question

be aware that some companies only match the percentage every payperiod (and not salary percentage at the end of the year) for example, if you contribute to the legal limit in January and then nothing anymore - some companies match the contractual % for January paychecks and then nothing anymore for...
by BestCoast123
Fri Oct 16, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in real estate - what is your opinion?
Replies: 53
Views: 4961

Re: Investing in real estate - what is your opinion?

Not worth it in the current environment because REITs are selling at significant discounts to NAV. Why would you buy the underlying at full price when you can buy REITs at a discount, and get strong management and diversification for free? Because REITs are just papers, while RE is actual physical ...
by BestCoast123
Fri Oct 16, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in real estate - what is your opinion?
Replies: 53
Views: 4961

Re: Investing in real estate - what is your opinion?

Calculated Risk is a good go-to on US economics of housing-- endlessly fascinating reading, especially if you track the blog back to 2006 or so. But note with those Shiller charts re housing prices. I suspect they understate the bottoms of the markets. Because at the bottom, nothing sells. Sellers ...
by BestCoast123
Fri Oct 16, 2020 6:27 pm
Forum: Personal Investments
Topic: Best way to stream income from a lump sum pension
Replies: 8
Views: 939

Re: Best way to stream income from a lump sum pension

I am 50 years old. I am wondering what the best way to stream income from a $680K lump sum pension buyout? I will have about 70K cash in savings in a regular savings/checking account. I plan on working part time still. Any advice would be greatly appreciated. If you want an income stream, why not s...
by BestCoast123
Fri Oct 16, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 11548

Re: Time travel for high salary earners

I am an early career physician transitioning from fellowship to attending level salary. I have a question for high salary earners - most informative would be those peri-retirement. Let's use an arbitrary cut-off of $500K+ annual household income (W2 salary alone). Is there anything you wish you wou...
by BestCoast123
Sat Oct 10, 2020 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of vacant lot
Replies: 20
Views: 1305

Re: Cost basis of vacant lot

Just be reasonable. I would use the assessed values from when you purchased it to determine the ratio of the value of that land parcel and apply it to the purchase price. Easy to justify your cost basis that way.
by BestCoast123
Tue Oct 06, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why are 20 yr mortgage rates not competitive?
Replies: 15
Views: 2587

Re: Why are 20 yr mortgage rates not competitive?

MBS market - especially for conforming loans.

Yield Curve to a lesser degree.
by BestCoast123
Tue Sep 29, 2020 11:52 pm
Forum: Personal Investments
Topic: removed
Replies: 17
Views: 1664

Re: Should I buy TIPS in Roth if I think stocks and bonds are overpriced?

Roth should be long-term money. Stay the course. I had the misfortune of doing some Roth Conversions and the investing in energy stocks in 2010's. Pretty brilliant paying taxes and then watching the value of the Roth decline 60 percent... Fun money should be in taxable accounts - so at least you can...
by BestCoast123
Tue Sep 29, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rates Down...Close Car Loan?
Replies: 9
Views: 830

Re: Interest Rates Down...Close Car Loan?

Maybe because it's young and my risk tolerance is pretty high... but all else equal I'd love to borrow money at 0.9% on a fixed-rate and invest in some risky assets (either higher contributions to retirement accounts or in the taxable space.) If the monthly payments don't impede your lifestyle or wo...
by BestCoast123
Tue Sep 29, 2020 7:05 pm
Forum: Personal Investments
Topic: Portfolio Help: Struggling to Pick Emerging Markets and or International
Replies: 32
Views: 2277

Re: Portfolio Help: Struggling to Pick Emerging Markets and or International

I have International (that includes over 20% in EM) in my 401k. I will also have a portion in my indiv account, but I probably plan to tilt to EM and or even small Int in my brokerage. If I am taking on more volatility, I want to be able to tax loss harvest near the end of the year +1 Makes sense t...
by BestCoast123
Tue Sep 29, 2020 12:52 pm
Forum: Personal Investments
Topic: Portfolio Help: Struggling to Pick Emerging Markets and or International
Replies: 32
Views: 2277

Re: Portfolio Help: Struggling to Pick Emerging Markets and or International

Int developed has a small issue for me, it hasn't just underperformed for a while, it has been over 100 years of underperformance. Is that a long enough cycle? International has underperformed because their has been a couple World Wars that disproportionately destroyed the rest of the developed wor...
by BestCoast123
Tue Sep 29, 2020 12:43 pm
Forum: Personal Investments
Topic: Allocation Adjustment Sale Losses
Replies: 4
Views: 308

Re: Allocation Adjustment Sale Losses

WoodSpinner wrote: Tue Sep 29, 2020 12:10 pm OP,

Yes the loss can be used based on the IRS tax rules.

A different target date fund would not trigger a wash sale (e.g. substantially different)

WoodSpinner
+1
by BestCoast123
Tue Sep 29, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 51
Views: 4156

Re: Investing and Saving Considerations for Single Guy

If you are a high earner - with a high savings rate, you may want to make sure you diversify your retirement savings between traditional and roth. If you in the Single Tax Bracket - those eventual 401k/IRA RMD's could push you / keep you in a high tax bracket (and you have less room to do roth conve...
by BestCoast123
Tue Sep 29, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a lake house with my parents
Replies: 37
Views: 3741

Re: Purchasing a lake house with my parents

Gill wrote: Tue Sep 29, 2020 11:59 am My quick reaction is to form a partnership, LLC or a corporation with a buy-sell arrangement with your parents spelling out all the terms of the agreement.
Gill
+1 Put in some sort of a purchase option / buy-sell arrangement.
by BestCoast123
Mon Sep 28, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pledged asset line of credit to pay down rental house mortgage
Replies: 4
Views: 516

Re: Pledged asset line of credit to pay down rental house mortgage

If you were going to pay it off over the next couple years than using a margin loan at 5% LTV of your investment portfolio makes sense.
by BestCoast123
Sun Sep 27, 2020 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting Example - Please Help
Replies: 8
Views: 621

Re: Tax Loss Harvesting Example - Please Help

What is your overall strategy of buying index funds/ETFs for creating opportunities to tax loss harvest? I'm aware of the wash rules and exchanging for similar but different funds. It's a trade-off between simplicity, minimizing transaction costs, and valuing your time making the trades/increased p...
by BestCoast123
Sun Sep 27, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I get a mortgage if I don't need one?
Replies: 26
Views: 3259

Re: Should I get a mortgage if I don't need one?

A lot of the advice for home buyers seems to primarily considers affordability. In my situation, I've got assets of ~$20M and considering buying a house for $2-3M. It seems that most people get a mortgage because they don't have another choice and pay it off as soon as they can so that they don't h...
by BestCoast123
Sun Sep 27, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Taxes [When are capital gains taxes paid?]
Replies: 15
Views: 1268

Re: Taxes [When are capital gains taxes paid?]

I've looked all over and cant get an answer so I hope yall can help. I'm new to stocks and was wondering when do we pay taxes on gains? Is it at the time we sale the stock and realize the gain or is it at the end of the year while filing taxes? https://www.irs.gov/faqs/estimated-tax/large-gains-lum...
by BestCoast123
Fri Sep 25, 2020 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Bad Finance to put 20% down on House
Replies: 21
Views: 3385

Re: Bad Finance to put 20% down on House

I was in a very similar situation earlier this year and it was an easy decision to put 10% down and pay PMI. The investment returns from the 10% we didn't put down should, on average, exceed the fairly minimal PMI, which is a plus - but it's likely not going to make a massive difference either way ...
by BestCoast123
Fri Sep 25, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Comparing 30yr fixed jumbo Wells Fargo options w points
Replies: 10
Views: 803

Re: Comparing 30yr fixed jumbo Wells Fargo options w points

Paying points reduces the value of your option to refinance in the future - which you would likely only do if rates fall. Granted with low rates it seems like that option might not be worth much, but we've already seen negative rates in the developing world, Fed signalled that the FFR - and by exten...
by BestCoast123
Fri Sep 25, 2020 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 3118

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

This is not arbitrage. Nor is it "near arbitrage." But if you have a huge nest egg, no problem with the strategy. A mortgage is just shorting duration. Again if you have a really big taxable portfolio, the 140k loan could be a margin loan - but only a good idea if the taxable account was a...
by BestCoast123
Thu Sep 24, 2020 11:39 pm
Forum: Personal Investments
Topic: Dollar cost averaging question
Replies: 7
Views: 696

Re: Dollar cost averaging question

What type of record keeping are you doing? The broker tracks the lots, cost basis, dividend repurchases. They do the heavy lifting. Are you purchasing 1/4 of each ETF every purchase? Perhaps look at the total for each and the percentage and see where you are off compared to what you want. Only purc...
by BestCoast123
Thu Sep 24, 2020 11:26 pm
Forum: Personal Investments
Topic: Roth IRA Investing - Is there a rule of thumb?
Replies: 11
Views: 1850

Re: Roth IRA Investing - Is there a rule of thumb?

Hi All, Is there a rule of thumb about how to invest the money in Roth IRA accounts? Specific questions below. - Should I stick to any specific stock/ETF/Mutual Fund while investing the money in Roth IRA account? [Vanguard references should be good] - If I decide what to invest in, should I invest ...