Search found 1105 matches

by DVMResident
Sat Nov 18, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 24
Views: 1120

Re: United change fees

If you reject the notion of garbage fees and are willing to renegotiate the relationship, short-circuit United's customer "service" and challenge. You agree to the change rules and fees as part of the original ticket purchase because they are in the fare rules of the original ticket. United will pr...
by DVMResident
Fri Nov 17, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 24
Views: 1120

Re: United change fees

It's expected-it's United. Don't waste your time: challenge the charge with your CC. Let United and the CC fight over the charge. Pretty much all legacy airlines have these fees and policies, and they aren’t new. What reason would you suggest for the dispute? Dispute agreeing to the fee, which if I...
by DVMResident
Fri Nov 17, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 24
Views: 1120

Re: United change fees

It's expected-it's United. Don't waste your time: challenge the charge with your CC. Let United and the CC fight over the charge.
by DVMResident
Mon Nov 13, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 160
Views: 12242

Re: Why pay cash for a car?

Depends on the terms. These days, it's very tempting to take the loan.

We just got a 5 year at 0% with zero down. There were no incentives for paying cash (which we have).
You'd have to irrationally and fanatical anti-debt to turn that down.
by DVMResident
Thu Nov 09, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: 415(m) non-qualified plan
Replies: 7
Views: 475

Re: 415(m) non-qualified plan

These can either happen upon separation from this job (i.e. change jobs, retire, get fired, etc.) or at a defined date I pick in advance (i.e. my planned retirement date). I am unsure if I will remain here my whole career or if I will change jobs before retirement. Do you get to change the distribu...
by DVMResident
Wed Nov 08, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: What do you do to keep your mind sharp?
Replies: 65
Views: 4724

Re: What do you do to keep your mind sharp?

Work on challenging problems with people smarter than myself
Reading journals and books
Listing to podcasts
Gaming
by DVMResident
Wed Nov 01, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9352

Re: I'm fairly young but done with saving money

OP, let's try flipping the question: is there anything you want to spend more on?

If not, there's no reason to decrease your savings rate.
by DVMResident
Wed Nov 01, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 2944

Re: Invalid airline ticket, seeking reimbursement

soupcxan wrote:
Tue Oct 31, 2017 11:39 am
File complaint with DOT and dispute the original charges with your CC.
+1 the only way I've had any success. Happened to me twice. Have spent hours on the phone with "customer service" while screen shots of the purchase, e-mail confirmation, and they didn't care. CC dispute is the way to go.
by DVMResident
Thu Oct 26, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6095

Re: My fear about buying a house justified?

Outsource the guests to the local B&B. It'd be less than renting a second bedroom for +$800/mo.
by DVMResident
Mon Oct 09, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell
Replies: 12
Views: 872

Re: Rent or Sell

This is a borderline case. After sell, you'll only end with $25k to $30k assuming 8% sales costs plus some taxes/fee. So you don't have much money on the table and thus the ROI maybe decent due to heavy leverage. On the flip side, a market down turn could wipe out that meager equity. How much equity...
by DVMResident
Mon Oct 09, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or invest?
Replies: 10
Views: 1089

Re: Pay off mortgage or invest?

Are your tax advantaged accounts, Roth IRA and 401(k)s, maxed out? If not, I recommend maxing those out. You didn't mention other cash-assets, but it sounds like paying off the mortgage would put at liquidity risk. Plus paying off a 15 year 2.875% loan is IMO is way too conservative, especially in y...
by DVMResident
Sat Oct 07, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2206

Re: 3x gross income = house purchase price, should interest rate be taken into account?

I agree with you OP. This 'rule of thumb' ignores too many factors that impact the total costs. I find the spend a max of '25% of gross monthly' on housing guideline much more useful. This takes into account taxes, HOA, interest rates, and other variables. I was looking at a new development because ...
by DVMResident
Fri Oct 06, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10241

Re: Third time in my 32 year career I have been laid off

Sorry. That's really rough. 1. Firecalc says I can retire on 60,000 a month for 30 years. Should I? I have not even considered retirement yet. I am thinking 62. ^ What do your expenses look like? How does a $60k plus rental income lifestyle appeal to you? It's very doable and not that far off your c...
by DVMResident
Tue Oct 03, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5507

Re: Do you foresee a drop in housing prices in the next 5 years

As the title says do you foresee a drop in housing prices due to prices being too high for new potential home buyers being priced out of the market? Could home prices crash? Sure. 'SoCal prices dropped '93~94 ~third and you know the '09 story. Could the inflated prices continue for a lot longer? Su...
by DVMResident
Fri Sep 29, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17034

Re: Becoming a Landlord: My Experiences

Do you have a rule of thumb when it comes to buying houses as rentals? I know I have seen ratios, etc., that people will use to assess if a property would make a viable rental property given a certain purchase price. I have seen some people use a 2:1 ratio--the rent you collect monthly should be do...
by DVMResident
Fri Sep 29, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17034

Re: Becoming a Landlord: My Experiences

...Having a strange tenant could be worse than a nitwit boss. I have had strange things happen. A resident manager literally went insane once. A young woman thought she needed to compete with the local sperm bank. A guy once fired a shotgun inside a unit, and then intimidated the neighbors into cov...
by DVMResident
Wed Sep 27, 2017 11:52 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15205

Re: Why do you LBYM? Why do you save and invest?

LBYM was enough and didn't have a desire for more stuff. I lived an average $608*/mo for 3 years while grossing $38k/yr as a resident. When my savings account swelled to 5 digits after few months, I thought "I should learn how to manage this." I never thought "oh, I money so I should buy stuff." Jus...
by DVMResident
Wed Sep 27, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4505

Re: 20% Down Payment Sub-optimal?

"I'll piggyback with this about PMI and why I prefer 5% down. (Conventional only.) 1. Housing prices are usually rising. Unless you think you can time a collapse, which are rare, you will pay more for your house in 2 years than you would now. I'll be using 250k/5% rate as my baseline housing price ...
by DVMResident
Sat Sep 23, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: grad student - how much to contrib to IRA
Replies: 14
Views: 1095

Re: grad student - how much to contrib to IRA

Our son is a grad student - and gets a stipend... Q - Is your son's stipend "earned income" for purposes of contributing to an IRA? See these prior threads: Graduate Students, Roth IRAs, Traditional IRAs Caduceus wrote : The confusion arises because of the popular but mistaken assumption that any i...
by DVMResident
Fri Sep 15, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 19992

Re: Let's talk about your FI # and family income

3.5% at age 30? I'd think 2.5% if you wanted to be close to bulletproof. You may be interested in listening to, to reading the transcript of, the interview with Michael Kitces here: http://www.madfientist.com/michael-kitces-interview/ When Kitces provides a guarantee backing the claim, maybe I'll b...
by DVMResident
Fri Sep 15, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 19992

Re: Let's talk about your FI # and family income

Wouldn't the target FI number depend on the age? A 30 year old FI number would be much larger than a 60 year old FI number Surprisingly, the SWR difference at those ages is relatively small (medical coverage in the pre-ACA days and the SS are bigger issues). A 60 year old may use a 4% SWR while a 3...
by DVMResident
Mon Aug 21, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Selling rental property, what to do with the money?
Replies: 3
Views: 518

Re: Selling rental property, what to do with the money?

I'll give you my take: rentals are concentrated assets full of risks like bad tenants, fire, vacancies, legal liabilities, changing tax laws generally in the up direction, etc. plus relocation risks from employment changes or family issues (long distance land lording is less than ideal). To compensa...
by DVMResident
Fri Aug 18, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1553

Re: Tax question about selling my house

I didn't deduct depreciation while I rented it out so I am hoping it won't be affected. Sorry, you will pay "recapture" tax. Recapture is calculated on depreciation that was "allowed or allowable," according to Internal Revenue Code section 1250(b)(3). This means it doesn't matter if you took the d...
by DVMResident
Thu Aug 17, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1553

Re: Tax question about selling my house

I didn't deduct depreciation while I rented it out so I am hoping it won't be affected. Sorry, you will pay "recapture" tax. Recapture is calculated on depreciation that was "allowed or allowable," according to Internal Revenue Code section 1250(b)(3). This means it doesn't matter if you took the d...
by DVMResident
Wed Aug 16, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 2755

Re: California - clarification on taxes

Edit: So if you itemize you can subtract 28% * 9.3% = 2.6%, which means your tax is 43.3%. The itemize deduction is only worth it's benefit above the "freebie" standard deduction. A lot arithmetic hoops to jump through to get this answer made more complicated by phaseouts and other arcane rules. I'...
by DVMResident
Wed Aug 16, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 2755

Re: California - clarification on taxes

Edit: So if you itemize you can subtract 28% * 9.3% = 2.6%, which means your tax is 43.3%. The itemize deduction is only worth it's benefit above the "freebie" standard deduction. A lot arithmetic hoops to jump through to get this answer made more complicated by phaseouts and other arcane rules. I'...
by DVMResident
Mon Aug 14, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3995

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

I would not for three reasons (1) unleveraging a rental lowers ROI, (2) it increases liquidity risks (not lowers risk as is sometimes claimed, provided you keep the collateral and not spend it; zero sum game in terms of net worth), and (3) taxes. By paying off the loan, you lose the deductions in th...
by DVMResident
Sun Aug 13, 2017 8:39 pm
Forum: Forum Issues and Administration
Topic: Please consider setting a time limit of 15 minutes to edit a post
Replies: 31
Views: 3156

Re: Please consider setting a time limit of 15 minutes to edit a post

Maybe a better approach is add an editing guidelines, e.g. strike through deletion and color code additional information (so readers can understand the context of subsequent posts if there pre- or post-edit). When I've been corrected for an error, I let the original text stand with a strike out and ...
by DVMResident
Sun Aug 13, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 7437

Re: How does personal wealth affect job hunting?

10 years ago I would never have considered leaving. The employment market was very different 10 years ago. If someone left a job, it would be difficult to get another job on top of 401(k) values down a significant amount. I think the answer to these questions are one part individual circumstances a...
by DVMResident
Wed Aug 09, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6873

Re: I pay $6K in rent. Am I an idiot for not buying?

Former LA landlord that just sold. I won't be jumping into the LA RE market now. It's too cyclic. I was there when LA dropped a ~third in '93-'94 and again this last cycle. We're at a high point (may go higher for while longer...who knows?) in terms of price:rent ratios. In your case, your gross 0.3...
by DVMResident
Mon Aug 07, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: LibreOffice
Replies: 24
Views: 2910

Re: LibreOffice

It's free and it works. Try it out and decide if you like it.
Personally, I prefer desktop applications to Google docs (I don't like being married to ecosystems and don't quite trust Google).
by DVMResident
Wed Aug 02, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 5178

Re: The age old debate 30 vs 15

Since you don't expect it to be a long-run home, stick with the 30-year loan. Given the vagaries of the housing market, you don't want tie too much up is equity. I'd even reconsider putting extra down to avoid the jumbo loan. Maybe do a 5 or 7 year ARM? ARM fan here, but the ARM spread is looking p...
by DVMResident
Tue Aug 01, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How far off are Zillow's estimates?
Replies: 82
Views: 8303

Re: How far off are Zillow's estimates?

As other's have pointed out, the Zillow estimates swing wildly and can miss the mark by a wide margin (+65% of the house we're in right now).

I do find value in Zillow for finding comps. You can make a fairly good estimate yourself from recent sales and comparing to similar homes.
by DVMResident
Sun Jul 30, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 4640

Re: Which Credit Card Companies Do You Like?

Primary card: Fidelity Visa 2% back, no fees. Customer service has been very good.
Secondary: Chase Freedom for rotating categories of 5% (plus a $300 sign up bonus some years back). I only use the card during the gas and restaurant rotations.
by DVMResident
Sat Jul 29, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Buying a house four months before a lease has expired
Replies: 18
Views: 1050

Re: Buying a house four months before a lease has expired

Each state has different laws regrading breaking a lease. Google your state rules. In CA, the renter's liability is generally limited for the duration the landlord could not fill the place (and the landlord have must make an earnest effort to fill). However, having 4 to 5 months to search isn't a ba...
by DVMResident
Thu Jul 27, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 13997

Re: Another bay area housing thread..

Can you hear yourself market timing in the last sentence? If you are willing to act on it for housing, why not equities as well? Equities are relatively efficient and we peons are competing against professional PhD-level modelers, bot trading computers, etc trying to scrap every penny out of the sy...
by DVMResident
Mon Jul 24, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 12314

Re: What's your personal savings rate?

It's not completely clear how much sense it makes to just add up some dollars that have been taxed already (eg. Roth IRA contributions) , and then others that have not been taxed yet (401k pretax contributions, match), and then divide by net dollars. FWIW, I do 2 calculations for savings, both as a...
by DVMResident
Sun Jul 23, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Job loss insurance
Replies: 13
Views: 971

Re: Job loss insurance

Sorry, I wasn't clear. The max eligible salary is 250. So I'd get 125 (50%) if unemployed by 6 months Paying $100/month to get $125 for 6 months ? Heck, no! $250k. The benefit is a gross $62.5k over 6 months (half of the $250k for 6 months). 1.8%/yr ($1.2/$62.5 per year) of benefit of a rare event ...
by DVMResident
Thu Jul 20, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 6102

Re: Can real estate investing be relatively "hands off"?

Former small time landlord. Really, it was super boring 99% of the time. There are punctuated moments of lots of work, mostly around tenant turnover (about 0.7 times year/unit was my average, YMMV). Distance from the units makes a big difference. I imagine use of PM also makes a difference (although...
by DVMResident
Wed Jul 19, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Not raising rent for 10 years in California
Replies: 17
Views: 2809

Re: Not raising rent for 10 years in California

Former small time CA landlord here. I've read the NOLO CA landlord legal series (they're awesome), much of the CA code around rentals, and have never come across anything remotely resembling this comment. That's such an oddball claim, I can't imagine it's NOLO, other publications, and RE forums woul...
by DVMResident
Tue Jul 18, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Software : Making b/w photograph color in certain areas
Replies: 3
Views: 343

Re: Software : Making b/w photograph color in certain areas

Autodesk SketchBook is a cheaper alternative to photoshop for iOS. I haven't used the specific function you're looking for, but worth a look. Very robust tool set for the price.
by DVMResident
Sun Jul 16, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying beach bungalow in San Diego for Winters
Replies: 55
Views: 5143

Re: Buying beach bungalow in San Diego for Winters

You won't find a $500k beach unit anywhere in SoCal. Heck, you'll be hard pressed to find a decent condo within <10 miles of the beach for that price range. $500k is a pretty large budget. How about Airbnb or long term style hotels a winter rental 3+ months of the year? There's plenty. On the car fr...
by DVMResident
Mon Jul 10, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3730

Re: How to save for and finance house move up

If you like your house other than the size, how about a remodel/addition instead of a move?
The purchase plus sale costs is 8~10%, which would pay for a good chunk of an addition and a HELOC (since you don't have the reserves) is cheaper.
by DVMResident
Fri Jul 07, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 5153

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

That's why it is best to get 10 or 15 year mortgages. The difference in interest paid is HUGE. It's the duration over the amortization schedule that's huge, not so much the interest. If one took a 30 note and paid it in 15 years, the difference in interest is relatively small. In the example the OP...
by DVMResident
Thu Jul 06, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 5153

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

Most mortgages in the US are simple interest loans. In your example, if you start with a $10,000 mortgage balance in month one, your interest payment in month two will be exactly 3.75% of $10,000 (plus some amount of principal established based on your amortization schedule). Interest each month is...
by DVMResident
Thu Jul 06, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Married 10.98 Million Inheritance Tax Exclusion
Replies: 11
Views: 2203

Re: Married 10.98 Million Inheritance Tax Exclusion

No. You'd have to pass on your 5.98M to your wife in a structured way, otherwise she'd die with 11.96M (or whatever) and anything over 5.98M is taxable for an individual, which she will be after your death. But don't worry, a Trusts & Estates lawyer will fix you up. You'll be able to afford the fee...
by DVMResident
Mon Jul 03, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4710

Re: Temporary Internal Promotion - Increased Compensation?

I'll echo the comments on mega-corp practices with temporary assignments. In my experience in a 8 month "temporary" manager position (really, 2 jobs in 1), there was no pay increase (I didn't ask for one). However, my Director gave me major bump to the annual bonus target (168% of target) and, when ...
by DVMResident
Fri Jun 23, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgages, etc.
Replies: 35
Views: 4969

Re: What to do with mortgages, etc.

Rental Property: Value: approx 575-600k owed: 363k @ 4.25, 29yrs remaining tax basis: $331k (I think, after deciphering my tax's guy's answer on how much tax i'd pay if i sold) ^ I raised an eyebrow at these numbers. How did you depreciate >half of the building but still have 29 years on the mortga...