Search found 1134 matches

by DVMResident
Wed Jan 17, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Career Direction Advice
Replies: 17
Views: 1266

Re: Career Direction Advice

If management is what you want along with stability in the position strive to be a great manager and don't rely on just training from your company. Read some good leadership books (be careful, there are a lot of bad ones written so pick wisely), take some coursera classes, subscribe to hbr.org and ...
by DVMResident
Sun Jan 14, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2399

Re: Sell or Keep a rental condo

bought in 2010. Bought a house in 2016 and started renting...paid $55k...market value right now is minimum $150k-$200k...I would also avoid being hit with cap gain taxes on the sale You got all the relevant information: sell within the cap gains exclusion. The ROI is ~okay for RE, but I think you'r...
by DVMResident
Fri Jan 12, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Avoiding being priced out in Los Angeles by buying the stock market
Replies: 27
Views: 3700

Re: Avoiding being priced out in Los Angeles by buying the stock market

Look I’m not going to comment on the financial aspect of this. I also live in LA and understand the struggle. You seem early on in your career and I am relatively early in mine as well. One thing I have learned is that opportunities come up all the time. You may think that you’ll stay at this compa...
by DVMResident
Fri Jan 12, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 31
Views: 1614

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

There isn't a fundamental change in tactics here: try to drop into the lowest brackets and then start utilizing Roth. Now it's easier to drop into the lowest bracket due the higher standard deduction. That 12% band is pretty wide: MFJ 12% tops at $77,400 with a $24,000 standard deduction. The 12% ba...
by DVMResident
Fri Jan 12, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Avoiding being priced out in Los Angeles by buying the stock market
Replies: 27
Views: 3700

Re: Avoiding being priced out in Los Angeles by buying the stock market

MNS CA, what are the conditions of pay back? Is it prorated per year of service? Or cliff forgiveness at the 10 year mark? Is the full payment due at separation? It's pro-rated per year of service. If I leave before 10 years are up, repayment is due within 90 days of separation, which probably give...
by DVMResident
Thu Jan 11, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Avoiding being priced out in Los Angeles by buying the stock market
Replies: 27
Views: 3700

Re: Avoiding being priced out in Los Angeles by buying the stock market

MNS CA, what are the conditions of pay back?

Is it prorated per year of service? Or cliff forgiveness at the 10 year mark?
Is the full payment due at separation?
by DVMResident
Thu Jan 11, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 68
Views: 3525

Re: Poll: BHs who rent - what % of gross do you spend on rent?

2017: 19%, single income, family of 3, SoCal. It's a steal at 19%. 2018: 14% (projected), dual income, same place. In Hawaii, especially Oahu, Honolulu, it is common for folks to pay up to or more than 50% of their gross income for rent. (been there many times). A 600 square feet concrete walk-up ap...
by DVMResident
Sun Jan 07, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 3912

Re: Disappointed in Missing a Long Term Financial Goal

Shockingly similar numbers here. My excel sheet doesn't have us hitting two commas for another 7 years. You're almost at that tipping point where Mr Market has more to say than you: you are going to add ~10% in 2018 and the market will do what the market will do. Mr. Market may add more or take more...
by DVMResident
Sat Jan 06, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for doing mega backdoor
Replies: 3
Views: 385

Re: Strategy for doing mega backdoor

We take almost the same tactic with the proceeds from a rental sale proceeds. The exception being we do it on a continuous basis at employer's maximum rate (30% of gross), not by the taxable account market gyrations to avoid LTCG. Money is fungible; doesn't matter where it comes from. Converting aft...
by DVMResident
Sat Jan 06, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: How to browse specifically for homes with "mother-in-law suite"?
Replies: 29
Views: 1823

Re: How to browse specifically for homes with "mother-in-law suite"?

Is there a website that allows me to browse specifically for homes with a "mother-in-law suite" or ones similar to this concept? I've been on several sites and none of them seem to have this search feature. I'd also use variations, such as just "in-law suite". Depending upon how spelling/punctuatio...
by DVMResident
Wed Jan 03, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: SWR, different perspective.
Replies: 38
Views: 3014

Re: SWR, different perspective.

midareff, others authors have pointed out the volatility issue of VPW before. ERN published a 22 part series on SWR , with a good amount of time spent on VPW. Here's the score card comparing the tested withdrawal strategies (note the volatility score): https://earlyretirementnowdotcom.files.wordpres...
by DVMResident
Sat Dec 30, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6806

Re: So, how was the year ? Gains made and Lessons learnt ?

-Sold a 2-unit primary home turned full rental: market appreciation made the equity:rent no longer attractive. A good problem to have. We sold. Lesson learned: (1) I like being a landlord and I am very open to buying another property (when the RE market cools a bit) and (2) it's more emotional to se...
by DVMResident
Sat Dec 30, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5764

Re: What is your threshold for paying down debt?

Leverage increases returns but also magnifies losses. If houses go down what do you think your stocks are going to do? You may be on here next saying my portfolio is down 50%, lost my job and now I can’t pay my mortgage. I'll disagree a bit with your example. The issue of paying the mortgage is a c...
by DVMResident
Sat Dec 30, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5764

Re: What is your threshold for paying down debt?

Two part question: Why are Bogleheads so afraid of debt... I'm not sure why. The anti-debt sentiment is almost religious sometimes. For example, there was a car loan thread and multiple posters were proclaiming one should never take a car loan because it breeds bad habits. One poster arguing for ca...
by DVMResident
Thu Dec 28, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing out retirement accounts
Replies: 55
Views: 4049

Re: Maxing out retirement accounts

Maxing out retirements accounts should not be a goal per se. Saving rates should based on goals. Retirement accounts are just an efficient method of saving and investing. The government sets the limit without any consideration of your savings needs. If a family earns $30k/yr, filling a $18k 401(k) +...
by DVMResident
Thu Dec 21, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: How to feed a 403(b): Top Hat OR Taxables OR None
Replies: 1
Views: 195

Re: How to feed a 403(b): Top Hat OR Taxables OR None

Bumping with new TCJA information: "Crackdown on Deferred Compensation. A proposal from the House GOP plan that remained in the final TCJA legislation will crack down on nonqualified deferred compensation plans, triggering taxation as soon as there is “no substantial risk of forfeiture” (i.e., when ...
by DVMResident
Wed Dec 20, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: New Zealand Accomodations
Replies: 21
Views: 1347

Re: New Zealand Accomodations

Wellington Cable car. Great view if the weather allows. Nice downhill walk through the city back to downtown.
Weta Caves/Workshop are neat if you're into LOTR. I'd skip the bus tour to each shooting site, but the studios were cool.
by DVMResident
Sun Dec 17, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 114
Views: 8991

Re: Best 401k Employer Match Structure

Our very generous plan: -1:1 match up to 3% -1:0.5 match for another 1.5%, totally 4.5% match (3 year vest) -Once a year bonus of 5-10% depending on age and years of service (3 year vest) As an employer, I'd make mandatory minimum contributions to meet the non-discrimination testing. Also, I'd make ...
by DVMResident
Sat Dec 16, 2017 12:33 am
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10516

Re: How much did you contribute to your 401k in 2017?

$38k with the after-tax portion being converted to roth IRA on Monday. ~$16k match for $54k total.
Another $9k into the 'top hat', AKA "409(a) Age: 35 working in a megacorp.
by DVMResident
Thu Dec 14, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 21
Views: 2519

Re: Might exceed $60k 401k limit, what will happen?

UPDATE: Turns out my employer does the 1% contribution in June, so it is already in the numbers. With that, I should be right at $59k for total into my 401k. Life is good. I don't want to delay your good vibes, but are you sure that 1% in June isn't related to 2016, and therefore part of the 2016 m...
by DVMResident
Thu Dec 14, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 2987

Re: Recast mortgage as part of a pay down strategy

I don't see any advantage. It won't save any interest and, like DSInvestor, you have the option later if there's a cash-flow issue.

Minor point of interest to other readers: This will automatically happens with ARM loans, offsetting of the annual adjustments for people pre-paying.
by DVMResident
Sun Dec 10, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds in West Los Angeles
Replies: 8
Views: 1075

Re: Newlyweds in West Los Angeles

OP, I think this is not the best time to purchase for you: -You've changed jobs a couple times. -Thinking about having kids --> school in LA are generally poor without either a lot of money (private school or super expensive areas, e.g. Culver, Santa Monica) or long commutes (south bay). Day care is...
by DVMResident
Sat Dec 09, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How to feed a 403(b): Top Hat OR Taxables OR None
Replies: 1
Views: 195

How to feed a 403(b): Top Hat OR Taxables OR None

I'd like some advice on optimizing retirement accounts. DW is newly employed with a Fidelity 403(b): $24/yr fee, no match, and solid fund options. We are debating (1) if we should use it and (2) how to fund it. Age: 35/38 plus 1 small child Emergency funds: Yes Debt: auto $38k 5 year @0% Tax Filing ...
by DVMResident
Wed Dec 06, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 35
Views: 2585

Re: Timing the housing market

My non-technical thought is it's very difficult to time market gyrations. But you can time a rent:purchase price: e.g. sometimes it's cheaper to buy, sometimes cheaper to rent, and sometimes it's a wash. My rule of thumb: if >1%/mo rent of gross market value, buy (if staying put for at least a numbe...
by DVMResident
Tue Dec 05, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 65
Views: 9169

Re: 2018 Subaru Outback

OP, you maybe able to get a deal on the 2017 still. We were just able to pick up a 2017 touring v4 (level above limited) for $33k and some change (Costco discount included). Big savings (~$7k vs the 2018 touring edition) if you're willing to pass on the upgrades on the 2018: GPS is a chip instead of...
by DVMResident
Tue Nov 28, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: National Park trip w/1 year old infant
Replies: 35
Views: 1961

Re: National Park trip w/1 year old infant

I do quite a bit of hiking with our infant and make heavy use of Osprey Child Carrier instead of stroller. It has so much greater mobility, is less of a hassle, and has cover for sun/rain (imaged in some of the reviews). The mobility has opened up most trails and has completely replaced my general s...
by DVMResident
Mon Nov 27, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software recommendations?
Replies: 15
Views: 1238

Re: Tax Software recommendations?

I have used H&R Block software and TubroTax. I like TubroTax a bit more, though it's a bit more expensive: a bit smoother, less clunky, easier to navigate back to sections, and better output files. Both get the job done.
by DVMResident
Wed Nov 22, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4268

Re: Job interviewing - "do you have any other interviews or leads?"

“I do, but I am very interested in this particular position, so if you feel I am a good fit, I will be sure to keep in close touch with you before I make any decisions”. This tells them that you are not going to wait forever for them, but at the same time you value the opportunity and are willing t...
by DVMResident
Sat Nov 18, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 1985

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: 28
Views: 1985

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: 28
Views: 1985

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: 179
Views: 15785

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: 560

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: 5286

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: 9854

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: 3224

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: 6607

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: 992

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: 1330

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: 2397

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: 10791

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: 5856

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: 136
Views: 24383

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: 136
Views: 24383

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: 16274

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: 4826

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: 1167

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: 20838

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...