Search found 944 matches

by gr7070
Sat May 23, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 981
Views: 101367

Re: Why are you NOT buying rental properties?

Some of us real estate investors also have an investment portfolio that includes cash, stocks and bonds. The real estate is just another diversifier that could potentially decrease our risk as well as increase our returns or not... It might well, but it's still a concentrated risk, making it very d...
by gr7070
Fri May 22, 2020 10:43 pm
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 43
Views: 2488

Re: Should We Our Shorten Bond Duration?

I have yet to truly research the subject enough to know where I'll be in retirement with fixed income, but a few general idea that might help you... I do not dislike the bonds should be safe thus use safe (short and/or govt) bonds idea. Especially if we're just going to use one type of fixed income...
by gr7070
Fri May 22, 2020 4:49 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3975

Re: What to do with cash?

Should 15k be sufficient? I've never really needed to dip into my emergency fund. I despise the ultra conservative EF of 1-4+! years that far too many Boglehead's have and recomend. With that said, above I recommended going to 20k/6 months. You're a single income and the potential to tap an EF is f...
by gr7070
Thu May 21, 2020 10:48 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3975

Re: What to do with cash?

; )

In large part, cash is only useful if I'm buying something. And even then, not necessarily more so.

* Note that's more applicable to accumulators.
by gr7070
Thu May 21, 2020 10:16 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3975

Re: What to do with cash?

abuss368 wrote:
Thu May 21, 2020 8:34 pm
There is an old saying "cash is king" and for good reason.
Is that because its power is eroded with every year?
by gr7070
Thu May 21, 2020 7:05 pm
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 43
Views: 2488

Re: Should We Our Shorten Bond Duration?

I have yet to truly research the subject enough to know where I'll be in retirement with fixed income, but a few general idea that might help you... I do not dislike the bonds should be safe thus use safe (short and/or govt) bonds idea. Especially if we're just going to use one type of fixed income....
by gr7070
Thu May 21, 2020 6:48 pm
Forum: Personal Investments
Topic: I freaked out…now what?
Replies: 60
Views: 6026

Re: I freaked out…now what?

I think some sole searching is more important than anything at this moment. You plan to retire in 1 year, but you can't stomach an 8% dip? Unless you have way, way more money than you'll ever need and can thus go ridiculously conservative with your AA, you're going to have an uncomfortable relations...
by gr7070
Thu May 21, 2020 6:35 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 28
Views: 1319

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

Lastly I presume your job does have a 401k, or at least some 4##x plan. After you settle in talk with HR about your savings options. They have something by what you mentioned and it's not a Roth IRA. It might have Roth, but not an *Individual* RA.
by gr7070
Thu May 21, 2020 6:31 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 28
Views: 1319

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

And move from the RJ account. Understand all potential ramifications of that move to do so most efficiently.
by gr7070
Thu May 21, 2020 6:30 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 28
Views: 1319

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

Personal Finance Basics: 0. Live within your means - spend less than you make 1. Have an emergency fund, even if just 1 month's expenses (3-6 months recommended, more is unnecessary) 2. Pay yourself first. Save as much as you can afford in tax-protected, retirement plans (401k, 457, 403b, Roth IRA)....
by gr7070
Thu May 21, 2020 6:17 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3975

Re: What to do with cash?

I'd double the EF to 6 months/20k. Could still invest 3 months of EF. No, you don't need 12 months EF. Were it different times 3 months could be reasonable, especially if din/k. Single, I'd do 6 months. If you're likely to eventually buy a car, which seems like you might be, just hold onto the rest.
by gr7070
Thu May 21, 2020 6:04 pm
Forum: Personal Investments
Topic: How safe is the Vang CA interm muni fund VCADX?
Replies: 9
Views: 813

Re: How safe is the Vang CA interm muni fund VCADX?

I still have BND as an important component How important can it be if "almost all of my retirement funds are in munis"? There was a lot of discussion in Bogleheads regarding foregoing the tax advantage of purchasing munis in your own state so as to diversify in the national fund. I think that the c...
by gr7070
Thu May 21, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Student debt vs investing
Replies: 37
Views: 1948

Re: Student debt vs investing

Any money leftover after maxing your *traditional* 401k, Roth IRA, and HSA I would put towards debt payment and probably some for a house down payment. What’s your thinking behind traditional as opposed to Roth 401k? Is it solely the tax rate today vs later bet? Some info I didn’t give is that I cu...
by gr7070
Wed May 20, 2020 10:36 pm
Forum: Personal Investments
Topic: Move Total International from Roth IRA to 401k/403b?
Replies: 20
Views: 638

Re: Move Total International from Roth IRA to 401k/403b?

No one knows how they'll perform.

Do what's easiest to manage.
by gr7070
Wed May 20, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Student debt vs investing
Replies: 37
Views: 1948

Re: Student debt vs investing

I was in a similar situation, with a six-figure student loan balance and high income. I chose to max out all tax-advantaged space but forgo taxable investing. I was able to pay it off in a few years. Those early retirement contributions are the most valuable. If you can maintain them, it's probably...
by gr7070
Wed May 20, 2020 1:38 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2029

Re: Individual stock for son's birthday

I was thinking of something "fun." My son already has a diversified ETF portfolio. Any ideas for individual stocks? Although I get your idea of giving your son something "fun" and I'm not saying you shouldn't to it, here's a true story: My Dad helped me invest the first $100 I earned from my paper ...
by gr7070
Wed May 20, 2020 1:31 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2029

Re: Individual stock for son's birthday

How about a few shares of the Vanguard Total Stock Market ETF... VTI Regards, This. Set your son up with a proper approach to investing, in addition to a nice gift. As someone who had their dad buy individual stocks with their paper route money when I was 12 (and still have them); I'd much rather h...
by gr7070
Wed May 20, 2020 1:27 pm
Forum: Personal Investments
Topic: How safe is the Vang CA interm muni fund VCADX?
Replies: 9
Views: 813

Re: How safe is the Vang CA interm muni fund VCADX?

ilan1h wrote:
Wed May 20, 2020 1:10 pm
Very worried since almost all of my retirement funds are in munis.
Time to diversify.

Unfortunate you hadn't come to Bogleheads sooner.

FWIW I doubt I'd be losing sleep over the fund, but I sure wouldn't have "almost all my funds" in it or any thing.
by gr7070
Tue May 19, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1280

Re: 20 year Term Life insurance—keep or renew?

You expect to be FI in 15 years. Right around the time your insurance runs out. Sounds like perfect planning to me.

Option 0: do nothing
by gr7070
Tue May 19, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: investmenting books
Replies: 26
Views: 1323

Re: investmenting books

I commonly recommend Mike Piper's 100 page book, Investing Made Simple, to any new investor. It's especially beneficial to those who aren't that interested and less likely to spend a great deal of time reading. I see your niece is more motivated, but it's still a very good quick read. It's also pric...
by gr7070
Mon May 18, 2020 12:57 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 28
Views: 3186

Re: How to respond to poor life decision affecting job

Move on. Focus on what you can control. Anyway, I took a chance (probably the second in my life), and it did not pay off. Take more chances. Seriously. Two? In your life? Strongly suspect there's a lot more if you're being honest with yourself. In fact, the past three years have been extremely diffi...
by gr7070
Mon May 18, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4278

Re: I work remote: Is buying a home away from a major city a major risk?

I buy a home in the area the I most want to live while also accommodating my desired commute time. I'm not buying a home based on future unknown work location. I'm buying the ideal location for me presently, with a reasonable allowance for circumstances. If my job allowed I'd be next to a ski hill o...
by gr7070
Sun May 17, 2020 11:53 pm
Forum: Personal Investments
Topic: Invest in Taxable or Pay Down Mortgage?
Replies: 7
Views: 739

Re: Invest in Taxable or Pay Down Mortgage?

The taxable brokerage portion of my portfolio is pretty tiny. Only 4% of total portfolio. I feel like I should beef it up, for increased flexibility in regards to retirement planning/tax planning. Plus I like its liquidity. That's not quite the way to look at taxable investing. One should put money...
by gr7070
Sun May 17, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4289

Re: Three years of emergency fund too much in this time?

I should add, if one has investment RE they should have a RE EF, retained earnings, what have you.
by gr7070
Sun May 17, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4289

Re: Three years of emergency fund too much in this time?

Initially the money was supposed to be for a rental property, but it has been postponed due to Covid-19 and everything else going on. Not sure if we will visit the rental income idea in the near future So do you recommend putting 1 year away and investing 2 year cash? I like a 3-6 month EF. With a ...
by gr7070
Sun May 17, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4289

Re: Three years of emergency fund too much in this time?

Three years of emergency fund too much in this time? Yes. Unquestionably. I'd disagree that it's not that personal, as well. I can concede that 6 months is a rather personal decision. However, three years, especially for a two income family, is simply a waste. Does that three years include UI? Does...
by gr7070
Sun May 17, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3722

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

If I don’t pay off the car, I’ll have $55,000 in emergency funds (7 mos. total family expenses), if I do, I’ll have $20,000 (2.5 months). I commonly rail against excess liquidity and overly conservative EFs on Boglehead's. I'm also a big proponent of no consumer debt and even paying down mortgage o...
by gr7070
Sun May 17, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Need help from NYC Real Estate Experts!!!
Replies: 35
Views: 2882

Re: Need help from NYC Real Estate Experts!!!

NJ-Irish wrote:
Sun May 17, 2020 10:44 am
make sure all your other boxes are checked in terms of your emergency fund, your retirement, any other significant savings goals, and that you can afford it within your monthly budget. After that, live your life.
This.
by gr7070
Fri May 15, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12000

Re: Selling home - low ball negotiation

Well, we'll talk to our realtor after lunch, not in a hurry despite the lockdown. An unmotivated seller is a bad thing, for all but the seller. ; ) Unless this is the only offer the seller gets and house prices drop 20% in the next 6 months. Understood, and I'm not disagreeing with your greater poi...
by gr7070
Fri May 15, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3200

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

What in the world is there that would be grossly unforeseen? Again, especially compared to 50! years of future uncertainty?! Health insurance and future chronic illnesses. Over the next 12 months that would be accounted for in the simulated retirement income/expenditures?! Hardly. I think I poorly ...
by gr7070
Fri May 15, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3749

Re: Mountain cabin?

My options are to renovate a small 750 sq cabin, currently a mess. Or a 2200 sq ft house, also a mess. Can I afford either? I’m thinking I can prob afford to renovate the smaller house Thoughts? Is this crazy? Unless you will have significant expenses in retirement that you didn't mention I think y...
by gr7070
Fri May 15, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2457

Re: Term Life Insurance- What to do at end of Term?

Buy coverage when it's needed, not when current coverage runs out! Great advice for the OP in your two posts above. And I agree with your quote. I was probably under-insured for a period somewhere, say, about 12 or 14 years ago. I had increased my debt level, and gone and fathered TWO more kids. Mi...
by gr7070
Fri May 15, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: How to handle possible Mold issue in Rental
Replies: 10
Views: 744

Re: How to handle possible Mold issue in Rental

You say there is little to no ventilation so you block off what little ventilation you have? Molds commonly prefer lesser air circulation. Have you changed AC filters? That would be the first step. Coughing is far more likely to be caused by any number of far more likely conditions than harmful mold...
by gr7070
Fri May 15, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12000

Re: Selling home - low ball negotiation

htdrag11 wrote:
Fri May 15, 2020 10:42 am
Well, we'll talk to our realtor after lunch, not in a hurry despite the lockdown.
An unmotivated seller is a bad thing, for all but the seller.

; )
by gr7070
Fri May 15, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3200

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

Surely if we can project and plan for the infinite number of unknowns of a 30-50 year retirement, we can plan for a quite accurate annual budget! Especially when we have many recent years of actual expenses; actual, current tax law. The OP themselves has recognized their expenses are minimal. What i...
by gr7070
Fri May 15, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2457

Re: Term Life Insurance- What to do at end of Term?

My philosophy about life insurance has always been that it's for present income, and some reasonable amount of future income replacement, and nothing more. My wife is a working adult, and would have had many options. If I had died at 31, the payout would have paid off our mortgage and fully funded ...
by gr7070
Fri May 15, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2457

Re: Term Life Insurance- What to do at end of Term?

The cost difference of a 20-year vs. 30-year policy is not insignificant. Especially compounded over 20 years, plus the added 10-years of, possibly, unneeded premiums. Times two for both spouses. That's likely many, tens of thousands of dollars. I'd also suggest that most typical Americans don't nee...
by gr7070
Fri May 15, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12000

Re: Selling home - low ball negotiation

As others have noted, 10% under asking is not low-ball. Especially in today's market - I would expect any offer to potentially be all over the place. The suggestions for as is (no inspection contingency) *offers* are poor. First, it makes it look like you have something to hide. Every buyer should r...
by gr7070
Thu May 14, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any reasons not to refi primary to payoff second home?
Replies: 6
Views: 496

Re: Any reasons not to refi primary to payoff second home?

There's less risk in having more equity in your primary home than a rental. Possible liability protection, and a lot easier to walk away from a cheaper rental than the more expensive place you sleep at. The interest on your rental would be fully deductable, and you're always at least get the standar...
by gr7070
Thu May 14, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2457

Re: Term Life Insurance- What to do at end of Term?

Why would you need life insurance at 65? That's rhetorical. Yes the are some realistic scenarios, but those are pretty unlikely. There are also plenty of unrealistic scenarios one can dream up. You need to think about the far more likely scenario that you might need life insurance till 53 or 56. For...
by gr7070
Thu May 14, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2904

Re: Leaving a Job Voluntarily during a pandemic?

I would absolutely take that.

Your added info adds even more reason to do so.

The biggest concern - bleak economic conditions - likely affect you regardless. But with 70k? in your pocket and presumably 6 more months work.
by gr7070
Thu May 14, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Stress Test Emergency Plan
Replies: 17
Views: 732

Re: Stress Test Emergency Plan

1. Retirement contributions: Continue contributing fully. You have a 1.5 year EF. Your good. You have a FOUR YEAR EF if your wife stays employed. Your good. 2. HELOC: Meh. If this costs money to open, no. If it's free, sure, may as well. You have a 1.5 year EF. Your good. 3. Paying extra mortgage: M...
by gr7070
Thu May 14, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3200

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

Do you really need to simulate something that simple math clearly shows is either capable or not?
by gr7070
Wed May 13, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9398

Re: Turning 30. Living 30s without regrets

Spouse and me birth of our first kid career (notice I deleted ladder) These are the only things of true substance you mentioned in your post. Wrong. Travel to 10 European countries? I’ll say that’s plenty of substance. I think he bucketed that into the spouse and me category. I wasn't going to both...
by gr7070
Wed May 13, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Equities and Pay off Mortgage or wait ?
Replies: 36
Views: 1792

Re: Sell Equities and Pay off Mortgage or wait ?

This is probably not a good idea, as the lender for the car loan would require a lower deductible for collision and comprehensive insurance, which would be an extra cost. (However, if you buy a car and a promotional loan offer makes sense, it could be worth taking.) I carry $1000. The few times I'v...
by gr7070
Wed May 13, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Sell Equities and Pay off Mortgage or wait ?
Replies: 36
Views: 1792

Re: Sell Equities and Pay off Mortgage or wait ?

Congrats to you WillThrill. We have about 18 months left to go. It is like watching water evaporate.... can't wait to get there. Ditto on all this (17 months can't get here soon enough!), especially the congrats. Even recently considered getting a car loan to pay off the house. Would have a cheaper...
by gr7070
Tue May 12, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9398

Re: Turning 30. Living 30s without regrets

Spouse and me birth of our first kid career (notice I deleted ladder) These are the only things of true substance you mentioned in your post. Focus on those far and away above all else, especially those first two mentioned. Get a hobby or two [outside of those subjects (spouse, child, career) menti...
by gr7070
Tue May 12, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Broke mother-in-law retiring due to COVID-19
Replies: 54
Views: 6485

Re: Broke mother-in-law retiring due to COVID-19

There's only one long-term solution to this. The subject needs to take control of their own situation. Through prolonged, intentional steps they need to dig themselves out of their own negative situation. Anything short of this will not stick. Anything that artificially props up results will not sti...
by gr7070
Mon May 11, 2020 10:25 am
Forum: Personal Investments
Topic: Strategies for a lower income
Replies: 12
Views: 804

Re: Strategies for a lower income

Go Pack.
by gr7070
Mon May 11, 2020 10:02 am
Forum: Personal Investments
Topic: Strategies for a lower income
Replies: 12
Views: 804

Re: Strategies for a lower income

my wife has a secure job that pays $55,000/year and healthcare that just covers our monthly bills. No mortgage or other debt. Recommend getting on a budget. With no mortgage and $55k income you could very likely be saving a reasonable percentage - if you even need to save. That may depend upon your...