Search found 1232 matches

by DVMResident
Sun Jul 15, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 92
Views: 6009

Re: What are you learning or studying?

People management. Best resource: Manager Tools podcast; High Throughput Management book; Drucker various writings; Radical Candor book It’s utterly amazing how ignorant I was and still am. My individual contributor skills allowed me to achieve a promotion overseeing other people’s productivity and ...
by DVMResident
Thu Jul 12, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 24
Views: 3727

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

This happened to us. The tenants rented out a room on Airbnb. The landlord takes on a lot of risk of a non-vetted person that don't have renters insurance and can run afoul of your own insurance. After getting burned, I added clauses into the lease banning all short-term rentals and visitors beyond ...
by DVMResident
Thu Jul 12, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 2908

Re: Management at Megacorp

Do you find any passion in developing people, seeing them succeed and grow? I like my field, but I love my team and seeing them grow even more. Your added details seem like a poor reward, but sometimes you need to look lateral to grow in the next position. What's the growth look like after this entr...
by DVMResident
Tue Jul 10, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2839

Re: What's up with Wells Fargo

Dumb question: what happens when an account is classified as abandoned?
by DVMResident
Tue Jul 10, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4399

Re: 30 Year vs 15 Year Mortgage

I will always advise on the 10 or 15 year mortgage. Also not a fan of the advice to take on a 30 year and pay it off on a 15 year schedule. People tend to think you pay the same amount of interest as taking out a 15 year mortgage, which isn't true. I disagree in spirit, but it's technically correct...
by DVMResident
Tue Jul 10, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4399

Re: 30 Year vs 15 Year Mortgage

I'll echo what everyone else has said: the interest paid is primarily driven by the amortization schedule, i.e. how long you take to pay back the loan. The interest has a surprisingly small impact. Putting some numbers to it... Right now, the spread between a 15 year vs a 30 year is ~0.25%. On a $31...
by DVMResident
Sat Jul 07, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Annuities and FIRE
Replies: 8
Views: 723

Re: TIAA Annuities and FIRE

Thanks, everyone! I really appreciate taking the time to explain the TIAA plans.

I was confused by the term annuity and not annuity =/= annuitized :confused After further reading on TIAA, they have their own jargon and there will be a learning curve.
by DVMResident
Sat Jul 07, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Annuities and FIRE
Replies: 8
Views: 723

TIAA Annuities and FIRE

I'm considering an employment switch with a dramatically different retirement package. Life goal: in 15 years, FIRE at age 50 years old Current plan:401(k), mega-backdoor 401(k), and 409(a) 'top hat' (a non-ERISA 401(k)-like plan with no age distribution limit) ^ This plan package fits my goal nicel...
by DVMResident
Sun Jul 01, 2018 12:22 am
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9375

Re: What’s your plan for a market downturn?

The steps of my plan: (1) Stay employed (2) Use that paycheck to Dollar Cost Average (DCA) my investments That's it. The only major action a downtown might inspire is buying a house. Right now, buy:rent ratio favors renting. Last recession, the math changed to favoring purchasing and I purchased. I ...
by DVMResident
Fri Jun 29, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 5812

Re: Timing exit from megacorp

Two thoughts: (1) Generally speaking, variable pay goes through a series of processes (e.g. nomination, roll-up and roll-down calibrations, gender bias review, etc.). This takes time. The bonuses will be set weeks to months before you receive them. After this date, the manager can't screw with you ....
by DVMResident
Wed Jun 27, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2084

Re: Another should we buy this So. Cal house thread...

What the heck is mello roos? Mello roos are extra property taxes that are very common in California. So above and beyond the 1.12% property tax rate, we're assessed an additional tax that cannot be deducted (not that we'd be able to deduct it anyway given the cap). They're another approx 0.4% of th...
by DVMResident
Wed Jun 27, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Opinion: Betterment Thinks We're Stupid
Replies: 17
Views: 3577

Re: Opinion: Betterment Thinks We're Stupid

I listened a podcast with the CEO and central value proposition is to improve investing behaviors. It's passive investing for the masses. I think this ad is very in line with their overall goal. This commercial is targeted at an audience with a low attention span. The analogies, while campy, are cle...
by DVMResident
Sun Jun 24, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2571

Re: FIRE thought experiment

$2m plus a paid off house at 50 is my target. But clearly, it depends on your expenses and life circumstances. There is no point in building doubling your nest egg unless you have a use for it.
by DVMResident
Sun Jun 24, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2571

Re: FIRE thought experiment

skor99 wrote:
Sun Jun 24, 2018 9:02 am
I missed mentioning health insurance - thanks for bringing it up. But Is there anything such as a low paying job which provides health insurance anymore ?
Starbucks.
by DVMResident
Fri Jun 22, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 339
Views: 29897

Re: What is/ was your career and would you recommend it now?

Pharmaceutical Research Scientist: Lots of training and education to get to the top but top pay and benefits. Somewhat stressful and high pressure at times but get to work on projects that you get to see make a difference in the length and quality of life of pets (in my case). Great job! I wouldn't...
by DVMResident
Thu Jun 21, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: I think I am going to put down 35-40% on a house
Replies: 12
Views: 1502

Re: I think I am going to put down 35-40% on a house

Roger32 wrote:
Thu Jun 21, 2018 7:59 pm
We are buying one house and then never moving again (100%).
...
For reference we are in early 30s, and starting a family soon.
...
:confused I raise an eyebrow at that confidence.
by DVMResident
Wed Jun 20, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: ARM options, thought process
Replies: 8
Views: 824

Re: ARM options, thought process

Another vote to let it ride. 2022 is a long ways away.

Don't worry. Rates do not move in a vacuum. If your rate will jump, so will the interest of other fixed assets (e.g. CDs) and you'll get all that interest accruing all the way up to the adjustment. You can get 3% 5 year CDs right now.
by DVMResident
Sun Jun 17, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Best tips for starting a new job
Replies: 19
Views: 1329

Re: Best tips for starting a new job

The First 90 Days is a whole book on the topic. IMO, the first 90 days for senior leadership is about learning. You need to figure out quickly internally how your organize functions, who's on your team, and what their incentives are (do they align with your bosses correctly?). Externally , what do ...
by DVMResident
Sat Jun 16, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Take a job with a company being acquired?
Replies: 16
Views: 1529

Re: Take a job with a company being acquired?

The choice before you is not to take the job or not; the choice is to apply or not. The phone screen, interview, and job offer process typically takes months. Throw in the potential acquisition induced hiring freeze and this could easily be 6 months until the start date. In that time, you'll figure ...
by DVMResident
Thu Jun 14, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 1698

Re: Renting vs Buying a Home

You can generally expect better returns from equities than from housing... Is this true? I understand housing prices roughly keep pace with inflation and roughly CPI+1% post-WWII in the USA. But that's not the same thing as returns. Cheap leverage is wide spread and can really juice ROI. Yes, it's ...
by DVMResident
Thu Jun 14, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 1698

Re: Renting vs Buying a Home

You can generally expect better returns from equities than from housing... Is this true? I understand housing prices roughly keep pace with inflation and roughly CPI+1% post-WWII in the USA. But that's not the same thing as returns. Cheap leverage is wide spread and can really juice ROI. Hypothetic...
by DVMResident
Wed Jun 13, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Subaru infotainment issues -can people chime in?
Replies: 26
Views: 2021

Re: Subaru infotainment issues -can people chime in?

DW has a '17 Touring Outback since Nov, 2017. She hasn't reported any issues with the infotainment system. I drive it on occasion and had no issue with the infotainment.
by DVMResident
Tue Jun 12, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: paying off rental property?
Replies: 9
Views: 595

Re: paying off rental property?

+1 to sell now. It doesn't have good fundamentals and you could be left holding the bag if the market tanks with not a lot of upside. Paying off the mortgage is a small issue. 5% interest on $71k for 1 year isn't material to your overall income and is deductible, making the effective rate ~3.X%. You...
by DVMResident
Tue Jun 05, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18338

Re: Don’t cheat yourself with the 4% rule

The other point infrequently cited is that the Trinity Study *assumed you'd be paying an advisor 1% of AUM.* Actually, the Trinity Study seems to not assume any costs. Citing the study "The study did not adjust for taxes or transaction costs. An investor’s own experience would differ depending on h...
by DVMResident
Tue Jun 05, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18338

Re: Don’t cheat yourself with the 4% rule

I think the BH community has mostly rallied around around the same punch line: dynamic withdrawals strategies are superior to fixed. It's not clear to me that dynamic withdrawal strategies lead to the assumption that you need to save less for retirement. Is there some evidence of that? The wiki has...
by DVMResident
Tue Jun 05, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18338

Re: Don’t cheat yourself with the 4% rule

It is better to ultimately read the Kitces article, than they Yahoo! summary of the article. Kitces wrap up: "The bottom line, though, is simply to recognize that even market scenarios like the tech crash in 2000 or the financial crisis of 2008 are not ones that will likely breach the 4% safe withd...
by DVMResident
Fri Jun 01, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Comparing jobs: bonus vs no bonus
Replies: 26
Views: 1673

Re: Comparing jobs: bonus vs no bonus

These vary a lot by field. I would ask "what has the company wide funding percent of target been for every year for the past 10 years?" By asking for point-by-point data, you avoid the hand waving generalizations and averages, that mask outlier years. This will also let you know what that bonus mean...
by DVMResident
Tue May 29, 2018 1:07 am
Forum: Investing - Theory, News & General
Topic: Can anyone recommend Any Social Responsible fund/s?
Replies: 17
Views: 1337

Re: Can anyone recommend Any Social Responsible fund/s?

TIAA-CREF Social Choice Eq Fund (TISCX) is not a bad domestic choice: ER 0.18%, large-cap blend, and does a decent job tracking the large cap US market. Here's a list of the top holdings if companies meet expectations.
by DVMResident
Mon May 28, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13618

Re: Renting vs Owning Your Home

* What will house prices do? Usually up, but sometimes down. ... Having said that, buying a house basically forces a person to save money and build equity. For most people I think that if they spent less by renting and had some extra money in their pocket they would be tempted to spend it. So I thi...
by DVMResident
Sat May 26, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: recommended Roth percentage of total investments
Replies: 17
Views: 2847

Re: recommended Roth percentage of total investments

I have an opportunistic view of ROTH space: fill when marginal rates are low. Examples include layoff years, years when a spouse isn't employed, etc. or when all pre-tax space is already filled using a backdoor. I let the tax bracket guide me rather than trying to force some fixed ratio. For most pe...
by DVMResident
Thu May 24, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13618

Re: Renting vs Owning Your Home

ralph124cf wrote:
Thu May 24, 2018 12:09 pm
The best of all possible worlds would be for you and a trusted friend to buy nice houses and rent them to each other.

The IRS frowns on this arrangement, for some reason.

Ralph
^ Is this true? I've never seen any IRS guidance against this assuming the rent is at ~market rate.
by DVMResident
Tue May 22, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott:index Investors Buy High, Sell Low
Replies: 51
Views: 5342

Re: Rob Arnott:index Investors Buy High, Sell Low

Rick Ferri wrote:
Fri May 18, 2018 9:36 am
Don't listen to the arguments. Look at the data. If Rob is right, and this buy-high sell-low phenomenon in the markets is so easy to avoid, where is the outperformance by active managers?
Can we call this question the Ferri paradox?

The Fermi paradox of the investing world :wink:
by DVMResident
Tue May 22, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9402

Re: Dave Ramsey it or keep low interest debt

And I would love to hear what financial risks there are to borrowing at 0% and investing in US treasuries yielding 2.5% If you have collateral in (near) cash, like the car loan example posted above, there is none for all practical purposes. If you don't have the collateral, there's liquidity risk. ...
by DVMResident
Tue May 15, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 82
Views: 5062

Re: College laptop for fall 2018 freshman

Another vote for Dell XPS 13 or Lenovo 720.

The XPS 13 2-in-1 version and Lenovo 720 both has pen/stylus inputs, which is useful for an art student.
by DVMResident
Sun May 06, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17635

Re: What Percentage CASH are you?

Fixed at 2x monthly expenses, AKA ~1.6% and shrinking as a fraction.
Bonds, CDs, and MM liquidate fast enough that most people (myself included) really don't need to hold cash.
by DVMResident
Thu May 03, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2285

Re: Buying a house and High tax blue state.. Does it make sense anymore??

To the OP's question, I don't think the tax changes have been fully priced into the market prices, yet. Markets change. Don't worry about the SALT deductions too much. If you're agonist on the lifestyle, just keep running buy vs rent calculators and buy when it makes sense for you. Your landlord has...
by DVMResident
Mon Apr 30, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Rental Property
Replies: 14
Views: 1069

Re: 401K vs Rental Property

I'm confused by the OP. Do you have a rental? Apparently he is of the mind that once one has maxed out their 401K, the next best investment in the world is rental property 8-) Given the quality and clarity in the posts, I'd going to go with 'no, don't buy a rental.' Read a few books (you can find r...
by DVMResident
Mon Apr 30, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Rental Property
Replies: 14
Views: 1069

Re: 401K vs Rental Property

I'm confused by the OP. Do you have a rental?
by DVMResident
Sat Apr 28, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Company has Fidelity...Is Brokeragelink good or bad?
Replies: 27
Views: 1518

Re: Company has Fidelity...Is Brokeragelink good or bad?

I also the Fido Brokarage link. It's great, but I don't really use because our plan funds are also great. The Fido link gives access to Fido funds at no fee (at least in our plan) and any other fund families for a transaction cost. I suggest reconsidering the Treasury Bond index fund (FIBAX). It's a...
by DVMResident
Thu Apr 26, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9719

Re: How did you tell the boss you're leaving/retiring?

PS - one month severance pay per year of service?? On which planet is this company? 1 month/ year of service does sound excessive. But I did receive a graduated severance package from a former employer: years 1 - 5: 1 week salary/year of service years 6 - 10: 2 weeks salary/year of service years 11...
by DVMResident
Tue Apr 24, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out of the Bay Area
Replies: 84
Views: 10914

Re: Cashing out of the Bay Area

The SF Bay area housing is always in demand. Where else can you get great weather, prop 13 make you keep your house longer for more efficient property tax than out of state. Sure, it's always in demand, but we still get booms and busts like everyone else. The weather wasn't any different in 2010-20...
by DVMResident
Fri Apr 20, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 32818

Re: KF's simple rules to achieve FI

Even as a follow anti-buying person, this second house rule is silly. There are so many markets where buying is cheaper than renting. If buying is cheaper than renting, buying can help you stablize COL and achieve Rule #1: Save 1 year of your current annual expense every year. DVMResident, I live i...
by DVMResident
Fri Apr 20, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 32818

Re: KF's simple rules to achieve FI

Even as a follow anti-buying person, this second house rule is silly. There are so many markets where buying is cheaper than renting. If buying is cheaper than renting, buying can help you stablize COL and achieve Rule #1: Save 1 year of your current annual expense every year. DVMResident, I live i...
by DVMResident
Fri Apr 20, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 32818

Re: KF's simple rules to achieve FI

Folks, Rule #2 Do not overspend on house, car, and college education. At engineer's income level, as long as he/she do not overspend on those large expenses, he/she can save 1 year of annual expense every year. KlangFool So how do you define “overspend” in terms of the items above? I know that you ...
by DVMResident
Fri Apr 13, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6393

Re: Could you support family on 1 income?

Now, if we had stayed in our old house that we bought back in 2011 in a non-desirable area due to crime (mainly county issue not so much neighborhood), and terrible school system I still don't think we could. Mortgage at the time was a 15 yr ... Our expenses now are total of $4,400 with a more expe...
by DVMResident
Fri Apr 13, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp with shifting management: coast or move on?
Replies: 2
Views: 659

Megacorp with shifting management: coast or move on?

I am young (mid-30’s) in my career and could use outside perspectives. Background : There are serious changes in my management. I was hired into an R&D role ~4 years back into IMO a bad design with questionable productivity and value-add, but unique and without firm bench marks. Management really di...
by DVMResident
Mon Apr 09, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Hold or sell rental property? Better for taxes to sell during retirement?
Replies: 10
Views: 867

Re: Hold or sell rental property? Better for taxes to sell during retirement?

Like other posters have said, the deferred/pending maintenance couple with a low-income area makes the downside worse than the upside. There will very likely be some tax benefit to delaying the sale. The recapture tax will be what it is, but the LTCG portion will benefit in a zero income year. There...
by DVMResident
Fri Apr 06, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3582

Re: Any advice for 1st time landlord

My go-to investing resource for RE is " What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures " Frank Gallinelli. This book will help you draw your own conclusions about renting:selling. My go-to legal and tax resources is NOLO: Every Landlord's Tax Ded...
by DVMResident
Sun Apr 01, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 11261

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

The one angle I find hard to model/answer with math are rare but massive risks. There are a number of conditions (e.g. hot wars, cold wars, trade wars, meteors, etc plus risks yet to be recognized) that may reduce American company competitiveness in other parts of the world. I consider international...
by DVMResident
Fri Mar 30, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 10250

Re: How Do You Value Your Home for Net Worth Purposes?

Cash-on-sale should be included in NW calculations.