Search found 1534 matches

by Random Poster
Thu Feb 22, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 18
Views: 1059

Re: Do you rent even if you can afford to buy?

Yes, because:

(1) I don't to own a house where I currently live; and

(2) my wife and I can't figure out where we want to live permanently.

Once we figure out the answer to the second point, I suspect that we will buy a house.
by Random Poster
Wed Feb 21, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Cedar Roof
Replies: 25
Views: 1340

Re: Cedar Roof

There is something about wood roofs and fires that would make me cautious.

Curious if there is a premium to insure a wood roof, compared to a metal or asphalt one?
by Random Poster
Tue Feb 20, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 649

Re: Bonus contribution to 401k

I did a check of my last bonus received, and my employer withheld 25% of the gross as my withholding, which is higher than my normal bimonthly withholding was. Not that it really matters much, but the flat withholding percentage on "supplemental wages" under $1M that aren't paid with one's regular ...
by Random Poster
Tue Feb 20, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 649

Re: Bonus contribution to 401k

If you were really trying to optimize things, the *vast* majority of people are better off frontloading 401k contributions, and get the deductions as early in the year as possible. Frontloading 401K contributions is also beneficial in case one gets laid off or otherwise leaves employment sometime d...
by Random Poster
Sun Feb 18, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Vancouver Vacation (Canada)
Replies: 18
Views: 1275

Re: Vancouver Vacation (Canada)

Honestly, I'd get in the rental car and head east to Lake Louise, as I find Vancouver to be extremely boring and very pricey for what you get.
by Random Poster
Fri Feb 16, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2500

Re: USAA 41% More For Car Insurance

There's what insurance costs, and there's the quality of the coverage. USAA generally scores #1 or 2 every year in Consumer Reports, or every time they rate insurance companies. The few times I have had to use my USAA insurance policy, it's been the most hassle free experience. Only one time did I ...
by Random Poster
Wed Feb 14, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Restricted Stock Units vesting- always sell immediately?
Replies: 7
Views: 543

Re: Restricted Stock Units vesting- always sell immediately?

Note that if you have multiple tranches of RSUs vesting within 30 days of each other, you could get hit by wash sale rules if you immediately sell each round of vested RSUs at a loss.
by Random Poster
Mon Feb 12, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house, duplex/multiplex, or condo in Houston, TX? Any advice?
Replies: 15
Views: 1231

Re: Should I buy a house, duplex/multiplex, or condo in Houston, TX? Any advice?

Derivative wrote:
Mon Feb 12, 2018 12:00 pm
Any advice/suggestion is greatly appreciated. I am somewhat lost on the next step towards my medical career.
Apartment near the Medical Center.
by Random Poster
Sun Feb 11, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

What's the point of increasing your stock allocation just because you can? It will likely make you uncomfortable to see a million dollars melt away in a good crash like the last one. You've worked hard and saved all this money - why let it now become a burden by making it into something you would w...
by Random Poster
Sun Feb 11, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

A suggestion is that whatever the scenario you are considering, take a look at it in some retirement planners and see what you think. Every retirement calculator that I've run (including a one-on-one session with a financial planner of sorts that was provided by my employer, which used $72k annual ...
by Random Poster
Sun Feb 11, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

It doesn't make sense to keep investing at 50/50 because it doesn't make sense to keep piling up cash. Either retire or start doing some good with your money. As an aside it's amazing to me that people can decide, at least claim to decide, what to do with hundreds of thousands of dollars after 3 ho...
by Random Poster
Sat Feb 10, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

Thanks to all who have responded. I'll just keep the 50/50 allocation and keep investing accordingly. Thanks.
by Random Poster
Sat Feb 10, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

In the other thread you said you are putting $175k to $250k per year in a taxable account. Presumably that means you have an income of $200k to $300k. How can you have total expenses of $45k per year including taxes? Including income taxes, our total expenses are not $45k. Last year, we spent aroun...
by Random Poster
Sat Feb 10, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

You set your asset allocation according to your need/ability/willingness to take risk. 25X in bonds has nothing directly to do with it and "relatively substantial" is not an actionable condition. That said, from the little you say about yourself 50/50 would probably be the neutral point from which ...
by Random Poster
Sat Feb 10, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

Are you currently working and adding to investments? If so, when do you plan to retire? Yes and yes. I don't know when I will retire. I keep wanting to leave, but I'm too afraid to do so and so I keep sticking around for another year, mostly so that I can cash out RSU grants and get 401k matching a...
by Random Poster
Sat Feb 10, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

Are you currently working and adding to investments? If so, when do you plan to retire? Yes and yes. I don't know when I will retire. I keep wanting to leave, but I'm too afraid to do so and so I keep sticking around for another year, mostly so that I can cash out RSU grants and get 401k matching a...
by Random Poster
Sat Feb 10, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Unwise for High-Earner to Contribute to Traditional IRA?
Replies: 20
Views: 1620

Re: Unwise for High-Earner to Contribute to Traditional IRA?

Why not backdoor? Non-deductible is a terrible option, in almost every case taxable is better, but nothing beats the Roth. Do you have deductible Ira assets preventing backdoor? I have an existing traditional IRA account that contains contributions from several previous years, a rollover IRA, and a...
by Random Poster
Sat Feb 10, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2989

With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

Background: I'm 41, wife is 38. Our current annual expenses are in the $45k range, but to be conservativewe plan for them to be $60k a year. We have roughly $3 million in investments, with roughly $1,500,000 of that in a mix of total bond market and intermediate term tax-exempt funds. The remainder ...
by Random Poster
Sat Feb 10, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Unwise for High-Earner to Contribute to Traditional IRA?
Replies: 20
Views: 1620

Unwise for High-Earner to Contribute to Traditional IRA?

I earn too much to contribute directly to a Roth IRA, don't want to do a backdoor Roth IRA, and earn too much to deduct anything from making a Traditional IRA contribution. I do max out my 401k though and contribute around $175k to $250k a year to a taxable account. Given the foregoing, does it make...
by Random Poster
Fri Feb 09, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: A bill from the doctor - how/should I contest?
Replies: 44
Views: 3805

Re: A bill from the doctor - how/should I contest?

If it was me, I would call the doctor, explain what you have listed here , and see what she says. Ultimately, this is her practice, and she can waive the bill. I can recall a few years ago my wife underwent a test that was supposed to be $300, but ended up being billed at $1800. My wife called her ...
by Random Poster
Tue Feb 06, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 5714

Re: Potential employer wants me to give offer - how to respond?

I recently interviewed with Megacorp, and things have gone well. They have said they'd like to make an offer. However, instead of making an offer, they asked "what it would take" for me to join. Essentially, they want me to throw out the first offer. I am not sure what to say. I do not want to give...
by Random Poster
Mon Feb 05, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Young vs Middle Aged?
Replies: 32
Views: 2868

Re: Young vs Middle Aged?

I consider young to be under 30, middle age to be 30 to 55 or 60, and above that age is something else.

I'm not convinced that one's age should determine what one's asset allocation should be.
by Random Poster
Mon Feb 05, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4412

Re: Car Lease -- High Residual Value -- what am I missing?

FWIW, unless you're really in love with the Maserati, look elsewhere. They're really lousy reliability-wise. I have a former BIL who has owned two in the past 10 years and he seems to drive a dealer loaner at least half the time as his is being worked on, at the dealer waiting for parts, etc. I get...
by Random Poster
Mon Feb 05, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Collections of debts of minors
Replies: 21
Views: 1905

Re: Collections of debts of minors

You didn't ask, but I have raised 3 kids and from that perspective, I would make my daughter pay the bill. Age 14/15 is plenty old for her to have known she was getting someone else to do work for her and that she owed the money. I strongly disagree with this. There are reasons a minors can't enter...
by Random Poster
Mon Feb 05, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: IRS form 8606
Replies: 8
Views: 945

Re: IRS form 8606

jtelwood wrote:
Thu Jan 18, 2018 4:24 pm
Does anyone know when the IRS will provide the 2017 form 8606?

Tks
jte
The form is up on the IRS website now.
by Random Poster
Thu Feb 01, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a job in a different state?
Replies: 31
Views: 2049

Re: How to find a job in a different state?

I've read so many stories in this forum that people relocate from a sad state A to a pleasing state B and start living a happy life. But the prior thing is to be able to secure a job before finally making the move, isn't it? Not necessarily. I'm certainly considering relocating from Sad State A to ...
by Random Poster
Sun Jan 28, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 4934

Re: Still working out of greed or fear?

theplayer11 wrote:
Sun Jan 28, 2018 8:46 am
$3m and still fearful? I do think that far too many here overestimate what they need in retirement to be secure and happy.
I'm only 41, so that has a bit to do with it as well. But the fear will probably continue to exist until the day that I die.
by Random Poster
Fri Jan 26, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 4934

Re: Still working out of greed or fear?

I don't know if I qualify to provide a response, but I am struggling nightly with whether to quit work or to keep plodding on. I think that we may be financially independent (net worth in $3 million range; annual expenses below $60k), but I am terribly scared about whether we truly have enough and a...
by Random Poster
Thu Jan 25, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: When Is It Okay to Stop Working (Or: How Do You Know When You Can Stop Working)
Replies: 6
Views: 618

When Is It Okay to Stop Working (Or: How Do You Know When You Can Stop Working)

I'm not sure how to articulate my question, but here it is: At what point can someone plausibly state that it is perfectly fine to stop working and saving money from one's job? For example, I've often seen posts here along the lines of "I stopped working when I realized that I had enough money" or "...
by Random Poster
Thu Jan 18, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS form 8606
Replies: 8
Views: 945

Re: IRS form 8606

I don't.

The IRS seems to be releasing the 2017 version of forms and instructions on a drip-by-drip basis. The 1040 was only released a few days ago, and the instructions came later, as I recall.
by Random Poster
Thu Jan 18, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34996

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Now, actually walking away once you've got to that 50x number is a completely different matter altogether.... LOL.... Walking away is easy.. It's GETTING to 50x expenses that's crazy hard. I disagree, particularly when it comes to slightly-above-average or higher-earners. Using our 6-year average s...
by Random Poster
Wed Jan 17, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34996

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Wow. We are now worried that a 2% withdrawal rate might be risky?!? I suspect the odds are higher that one would be killed in a car accident driving back and forth to work in the years it takes to go from 40x to 50x than the odds that 40x would cause someone to run out of money in their lifetime. I...
by Random Poster
Wed Jan 17, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34996

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Have a look at the work done on Early Retirement Now for long retirement withdrawals - https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ 30 year retirements at 4% WR have a number of scenarios where you just barely skid past the 30 year mark with no...
by Random Poster
Thu Jan 11, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: anyone else enjoying an afternoon nap in retirement?
Replies: 19
Views: 1825

Re: anyone else enjoying an afternoon nap in retirement?

Why must one be retired to enjoy an afternoon nap?

I tend to take one daily from 12:15 to 12:50 in my office.
by Random Poster
Thu Jan 11, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wills and Trusts - what are you doing for the "immediate family all gone" scenario?
Replies: 8
Views: 634

Re: Wills and Trusts - what are you doing for the "immediate family all gone" scenario?

This is something that I've been thinking about as well. At some level, if you bequeath your estate to cousins, nieces, nephews, etc., you get to the point where those people may not (i) even really know who you are; and (ii) be of an age to accept such a bequest or know what to do with it. Part of ...
by Random Poster
Wed Jan 03, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2072

Re: How to Get Money Out of One's Investments for a Early Retiree

Hi Random Poster, Thanks for posting this. Have you given much thought to what AA you would use going forward should you retire early? And if so, do you go more conservative in taxable and more aggressive in tax-advantaged accounts? What would your AA numbers be? Thanks. My current asset allocation...
by Random Poster
Tue Jan 02, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2072

Re: How to Get Money Out of One's Investments for a Early Retiree

Let's assume that you have enough space to generate 100K worth of long-term capital gain and pay 0% tax this year. But, you do not need the money for this year. Let's say you have 200K worth of mutual fund A and the cost basis is 100K. So, you sell 200K of this mutual fund A and generate 100K of lo...
by Random Poster
Tue Jan 02, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2072

Re: How to Get Money Out of One's Investments for a Early Retiree

retiredjg wrote:
Tue Jan 02, 2018 11:09 am
What's the point of "not to sell anything from any account if at all possible".
Because by selling a share of something, that share can no longer generate a dividend or an interest payment, and I'd prefer to keep all of my potential earnings options open.
by Random Poster
Tue Jan 02, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2072

Re: How to Get Money Out of One's Investments for a Early Retiree

1) Which IRA/401K do you refer to? Roth IRA? Trad. IRA? Roth 401K? Trad. 401K? My wife and I each have a Roth IRA and a Traditional IRA. I also have a traditional 401k. The collective balance of all of those account is, for purposes of my question, $800,000. 2) Why would you want to take money out ...
by Random Poster
Tue Jan 02, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2072

How to Get Money Out of One's Investments for a Early Retiree

Background : Let's assume that you are 40 years old and have $3,000,000 in investments. $800,000 is in IRAs and a 401k, and $2,200,000 is in a taxable account. You desire to receive $60,000 a year (or 2%) in income from your investments, and you would really prefer not to sell anything from any acc...
by Random Poster
Sun Dec 24, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Securing Law School Scholarships
Replies: 36
Views: 2557

Re: Securing Law School Scholarships

Once you get accepted at a school that you want to attend, meet the professor(s) who teach the subjects that really interest you, ask them how to become one of their research assistants, and see if they can get you a scholarship or increase the amount of one that you already have. It worked for me, ...
by Random Poster
Wed Dec 20, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51101

Re: Tax Bill Omnibus Thread

Boy I surely hope your suspicion is terribly wrong, when I reviewed the full bill (a month ago, so not very up to date), the AMT credit was still there. Otherwise it would be a terrible mess, meaning that when you finally sell the exercised shares you'd have to pay the gain taxes for a second time?...
by Random Poster
Wed Dec 20, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51101

Re: Tax Bill Omnibus Thread

My question for you is: does that practically mean that, since my W2 income level for 2018 will stay the same, I will essentially be able to recoup a large amount of this 50k next year because of the AMT tax credit I will generate this year, and the much lower amount of AMT that will be generated n...
by Random Poster
Wed Dec 20, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Question re: Funeral
Replies: 18
Views: 2168

Re: Question re: Funeral

I was under the impression that GoFundMe takes a cut of the contributions.

To avoid a reduction in the donated amount, what about setting up an account at a local bank to accept donations instead (presuming that the bank doesn't charge any fees or takes a cut of the money too)?
by Random Poster
Thu Nov 30, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11920

Re: After financial independence, do you lose motivation for work?

Another encouraged thinking of your day as simply a series of activities. What if the money you got every month wasn't connected to your activities. How would they change? This concept doesn't make any sense to me. If I received $5,000 a month simply as a consequence of being alive and getting out ...
by Random Poster
Thu Nov 30, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11920

Re: After financial independence, do you lose motivation for work?

mak1277 wrote:
Thu Nov 30, 2017 9:03 am
I'm not saying accountants are not *necessary*, I'm just saying that nobody is going to miss my contribution if I quit my job (same goes for all other accountants in the history of time).
But see Itzhak Stern.
by Random Poster
Mon Nov 27, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 45
Views: 3463

Re: Amica Increase

AMICA increased the premiums for my car insurance by around $100 (or about 16%) and umbrella by around $20 (or about 10%), but decreased the renter's insurance by a few dollars. All for policies in Texas, and I have not made any claims. The dividend on the umbrella and renters' insurance was cut by,...
by Random Poster
Thu Nov 09, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Best Approach for Purchasing Many Furnishings
Replies: 27
Views: 1938

Re: Best Approach for Purchasing Many Furnishings

If you aren't picky about such things, you can often find decent plates, glasses, and basic baking tools (dishes, cookie sheets, etc) at Goodwill. If you don't plan on living in the apartment for very long and don't want to be attached to much, consider buying some outdoor-type furniture and using t...
by Random Poster
Thu Nov 09, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: what pickup truck
Replies: 65
Views: 5498

Re: what pickup truck

I'd suggest one that doesn't get stuck.

Based on this fine song from Corb Lund, I'm not sure what brand is best at avoiding such a pitfall. Perhaps something Japanese?