Search found 348 matches

by Wricha
Sat Jan 19, 2019 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15927

Re: Why are you NOT buying rental properties?

I've had a neighbor, who is an electrician, at my home all morning trying to figure out why 3 of my upstairs lights won't work. Our home was built in 2014 and the electrical is, according to him, a trainwreck; it's been 4 hrs and he still can't figure it out, but he's found all kinds of issues. I d...
by Wricha
Fri Jan 18, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 78
Views: 9022

Re: Who's flying?

Flew out of Asheville N.C. this morning, generally a sleepy little airport never a line. The line was nearly out the door I got there 90 minutes before flight just made it to the flight. Normal wait time 5 to 10 minutes. There were quite a few fill in people.as security.
by Wricha
Thu Jan 17, 2019 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15927

Re: Why are you NOT buying rental properties?

If OP wants to know about real estate talk to people who have been successful in real estate. People who have built a team/relationships of knowledgeable people who know how to evaluate good deals. There are good deals out there you have to know how to find and evaluate them. Buy real estate in part...
by Wricha
Thu Jan 17, 2019 3:54 am
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15927

Re: Why are you NOT buying rental properties?

I was once told a story about how lions hunt on the Serengeti. The older lions line up the far end of the field. The younger lions start to chase the prey (zebras) toward the older lions. As the prey gets close to the older lions, the old lions jump up and roar. The zebras then turn around and run r...
by Wricha
Tue Jan 15, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4126

Re: Help me pick a retirement date. Or enough is enough?

“I just hate leaving the extra money on the table when it is my decision. I think what I am looking for is advice on whether it is reasonablae for me to retire”

How much use will that money, you left on the table be when you are on the table? Personally, I think your good to go now. :sharebeer
by Wricha
Sun Jan 13, 2019 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

I would LOVE to add direct real estate to my investments, but... I have no clue on how to manage it. I don't like the illiquidity I don't like the lack of diversification I don't like the single company risk (myself) I don't want to ADD another job to my daily life on top of my profession, husband,...
by Wricha
Sun Jan 13, 2019 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

Real estate is not for everyone and on this site it’s not for anyone. I own commercial real estate (people tend to take care of their property when their business is dependent on it). Current allocation is 36% real estate (not including residents) 34% stocks and 28% bonds 2% cash. That’s the alloca...
by Wricha
Sat Jan 12, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4331

Re: Are REITs better to purchase when interest rates are high or low?

Real estate is very capital intensive, requiring huge investments in property and building, to earn better returns on that investment it's typical to use a large amount of leverage/borrowed money. When interest rates are high, the cost to carry that leverage is high and reduces the margins/profitab...
by Wricha
Sat Jan 12, 2019 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

I would LOVE to add direct real estate to my investments, but... I have no clue on how to manage it. I don't like the illiquidity I don't like the lack of diversification I don't like the single company risk (myself) I don't want to ADD another job to my daily life on top of my profession, husband,...
by Wricha
Sat Jan 12, 2019 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

Real estate is not for everyone and on this site it’s not for anyone. I own commercial real estate (people tend to take care of their property when their business is dependent on it). Current allocation is 36% real estate (not including residents) 34% stocks and 28% bonds 2% cash. That’s the alloca...
by Wricha
Sat Jan 12, 2019 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2612

Re: Real estate as part of overall investment plan

Real estate is not for everyone and on this site it’s not for anyone. I own commercial real estate (people tend to take care of their property when their business is dependent on it). Current allocation is 36% real estate (not including residents) 34% stocks and 28% bonds 2% cash. That’s the allocat...
by Wricha
Fri Jan 11, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate Job offer (Physician)
Replies: 13
Views: 1992

Re: Help me evaluate Job offer (Physician)

Darkhorse, Seems to me the question you are asking? Should I continue to work as an employee of a system or go into private practice. A six person group maybe sustainable depending on location, specialty and age of the partners (recruitment issues). Working for a system has its downside but in gene...
by Wricha
Thu Jan 10, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate Job offer (Physician)
Replies: 13
Views: 1992

Re: Help me evaluate Job offer (Physician)

Darkhorse, Seems to me the question you are asking? Should I continue to work as an employee of a system or go into private practice. A six person group maybe sustainable depending on location, specialty and age of the partners (recruitment issues). Working for a system has its downside but in gener...
by Wricha
Thu Jan 10, 2019 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with all this money?
Replies: 8
Views: 1761

Re: What to do with all this money?

Probably need to how old you are? Are you planning to work? Does this high six figures windfall represent 10% or 100%+ of your current investable assets? Age of kids? If people knew this you might get more focused responses.
by Wricha
Tue Jan 08, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9879

Re: Are we at "Peak FI"?

Cogito, In your eyes I am the quintessential old Boglehead. I struggle a little why you think my generation doesn’t view FI as a positive event. I personally thought of FI for at least 25 years. In 1997 “Fast Company” published an article “Free Agent Nation” which talked about striking out on your ...
by Wricha
Tue Jan 08, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7417

Re: Safe withdrawal rate at 38 years old

I’m looking at the possibility of selling my company for a large amount of money. My wife and I both own/operate it, so we would both be unemployed in this scenario. We would both find some other form of work, but likely at a much lower income level. For purposes of this question, I want to ignore ...
by Wricha
Mon Jan 07, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9879

Re: Are we at "Peak FI"?

I'd like to second Gibby's sentiments. I'm a millenial who has lurked here for about 5 years and learned very, very much, but I'm always a little amazed at the lack of empathy from the older crowd here. Most of the people in the FIRE "movement" are bogleheadish, frugile kids who want to handle thei...
by Wricha
Sun Jan 06, 2019 7:59 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5976

Re: How do you view a savings surplus in retirement?

I worked, saved more than it appears I need by a fair amount. So the “surplus” is just a cushion. Had I received the “surplus” unexpectedly like an inheritance or a severance package would be more tempted to use it as play money.
by Wricha
Sat Jan 05, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4045

Re: How old is too old to buy a house?

65/66 bought the biggest (by far 2x) and most expense for 2. Did have 10 overnight guest for a week over holidays everyone had their own bedroom worked out great.
by Wricha
Sat Jan 05, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 177
Views: 9277

Re: Which Compact SUV Should I Buy?

Meg, I have read a few of your threads/responses and my impression is that your bright, level headed and financial astute. My wife loved her Honda hatchback but they quit making those wagons. She moved up to SUV Mercedes (the little one) really liked sitting higher up. The other day we went car shop...
by Wricha
Fri Jan 04, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 37
Views: 1167

Re: self employed tax question

hi guys, i'm self-employed. i'll be filing married separately. my first time being self-employed. and i'm little confused. every self employment or 1099 tax calculator says self employment tax is 15.3% IRS says it's 15.3% The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% ...
by Wricha
Thu Jan 03, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Do you have a fun finance-related hobby?
Replies: 50
Views: 6042

Re: Do you have a fun finance-related hobby?

Real estate. Had this hobby for 40 years it now provides me with over 50% cash flow in retirement. I will still spend a couple hours per week looking at different opportunities.
by Wricha
Wed Jan 02, 2019 11:23 pm
Forum: Personal Consumer Issues
Topic: Hughes internet
Replies: 16
Views: 971

Re: Hughes internet

Awful. Speed, service and reliability a big problem. Tried two different times with no improvement neither time did I keep it longer than a month.
by Wricha
Mon Dec 31, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buying More Paper Assets or Rental Properties
Replies: 15
Views: 1300

Re: Buying More Paper Assets or Rental Properties

This allocation does not come from some “expert”just what feels comfortable to me. 36% real estate (not including residents) 34% stocks and 28% bonds 2% cash. That’s the allocation based on value. Cash Flow from these assets 60% from real estate 16% from dividends 17% from bonds 7% other. Even thoug...
by Wricha
Fri Dec 28, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2369

Re: Why do people buy- performance cars?

I think one thing that has been over looked is the throaty sound of a car that uses the left hand to start and has an illuminated word “turbo” as you get into it. Pure pleasure and you haven’t even backed out of the driveway. :beer
by Wricha
Sun Dec 23, 2018 7:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11188

Re: My Christmas Present To You

Thank you Mr Larimore
by Wricha
Sat Dec 15, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19430

Re: I made a mistake by not selling when the market was high this year

I think the two good points here are market timing and the appropriate asset allocation. For me personally, I am not willing to take 100% of the risk for market timing to pay capital gains on a good bet. The other thing I did, was delete most of my apps that had market news on them. I don’t check my...
by Wricha
Wed Dec 12, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4094

Re: Donate to homeless?

Some of you are generalizing about homeless people and painting them all with the same broad brush of addiction and failing to realize some are actually poor homeless people. How many have you had a conversation with? I know of two people who worked the same intersection for years (in different cit...
by Wricha
Wed Dec 12, 2018 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

If I'm understanding your case correctly, it sounds like you'll be paying roughly the same monthly Medicare premium (including IRMAA) as your current high deductible plan. But I think that your out-of-pocket expense will likely be lower under Medicare than under your current insurance, especially i...
by Wricha
Wed Dec 12, 2018 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

The IRMAA surcharges for any given year are based on your Modified Adjusted Gross Income (MAGI) from 2 years prior. So for 2019 the IRMAA surcharge is based on your 2017 MAGI. For Medicare, MAGI is your AGI from your 1040 plus your tax exempt interest income. There are a limited number of ways to a...
by Wricha
Tue Dec 11, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

The IRMAA surcharges for any given year are based on your Modified Adjusted Gross Income (MAGI) from 2 years prior. So for 2019 the IRMAA surcharge is based on your 2017 MAGI. For Medicare, MAGI is your AGI from your 1040 plus your tax exempt interest income. There are a limited number of ways to a...
by Wricha
Tue Dec 11, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

I have recently discovered that IRMAA for parts B and D will amount to an annual $8,851 extra payment (MFJ) for my Medicare starting at age 65 for both of us in 2019. The total cost (including Plan G Medigap and Part D coverage) of $19k is only slightly lower than the unsubsidized coverage of $22k ...
by Wricha
Tue Dec 11, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Re: Not accepting Medicare benefits

Thank you in advance. I received a letter from Social Security about Medicare “benefits”. My understanding is because I made too much money I will have to pay additional $325/month for part b and an additional $77/month for drug benefit or about $5,000 per year in additional premiums. This $5,000 p...
by Wricha
Tue Dec 11, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4141

Not accepting Medicare benefits

Thank you in advance. I received a letter from Social Security about Medicare “benefits”. My understanding is because I made too much money I will have to pay additional $325/month for part b and an additional $77/month for drug benefit or about $5,000 per year in additional premiums. This $5,000 pr...
by Wricha
Mon Dec 03, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5196

Re: Out of Stocks to Pay Off Mortgage

Pay off the house (given your age you could save quite a bit of money with no debt) then take a line of credit on your fully owned house to be your proxy for an emergency fund and save a bundle. Forget everything I said if capital gains are significant.
by Wricha
Sat Nov 24, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5571

Re: What’s your “barometer” for luxury purchases?

Barometer goes something like this. If it’s for someone other than myself my tolerance is more. Paying for dinner, no problem. If it is for people that are close to me it is a lot more. New car, travel overseas business class no problem. If is for just me, I just can’t part with the cash to pay $4.9...
by Wricha
Sun Nov 18, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29640

Re: [Financial] Habits of the Rich

Rich is a tough term to define. My definition would be $10M for every $100k you need to cover expenses. For example if your lifestyle required ($200k minimum) to cover living expenses you would need to have $20M to be considered rich (my definition). Why? I just made it up. But if you think about i...
by Wricha
Fri Nov 16, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12514

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Thank you sawhorse your point on health is clearly out of ones control and absolutely changes everything.
by Wricha
Thu Nov 15, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12514

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Depends on how long you want to believe you will never make over a $100k. My business partner was married when he was 17 had 5 kids (same wife) HS diploma (no college) trained as a carpenter. Today he is worth north of $40M. How? He was a risk taker, hard worker and started his own business in real ...
by Wricha
Thu Nov 15, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29640

Re: [Financial] Habits of the Rich

I think OP asked about the habits of the rich not the well off. Even Jack Bogle did not became rich by using Boglehead habits he became rich because he was a risk taker, did not accept no, hard worker, unique idea and built a business those are the habits of the rich. Boglehead philosophy is terrifi...
by Wricha
Tue Nov 13, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29640

Re: [Financial] Habits of the Rich

Rich is a tough term to define. My definition would be $10M for every $100k you need to cover expenses. For example if your lifestyle required ($200k minimum) to cover living expenses you would need to have $20M to be considered rich (my definition). Why? I just made it up. But if you think about it...
by Wricha
Sun Aug 26, 2018 6:08 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5844

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

Hi there, What would you do with a cash pile of $3.5M at age 63 with 18 months more of further working income. Ignore any future SS payments and private pensions. Only other assets are $1.5M in (non-home) properties and $400,000 in a simple 60/40 BH portfolio. Overall need is to fund retirement wit...
by Wricha
Fri Aug 24, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 5579

Re: Is Treasury Direct worth the hassle?

What is an efficient way to deal with TD? Can you share your tips? First, and most important: if you are changing your linked bank account, make sure you have added the new account successfuly before removing (and possibly closing) the old one. (For what it's worth, I added an American Express savi...
by Wricha
Sat Aug 18, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14449

Re: Remind me (again) how real estate isn't a GREAT investment?

OP real estate is viable way of making money. There is absolutely no question about it. Does everyone make money of course not. Things happen it’s called life. This thread, particularly folks that claims real estate is a bad idea, it appears to me that they are talking more about their fears and les...
by Wricha
Sat Aug 18, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14449

Re: Remind me (again) how real estate isn't a GREAT investment?

Hey All, I've been a BH'er for almost a decade now. My self taught education through this forum/others has essentially brought me to a Boglehead style investing model, I have used the lazy 3 fund portfolio with basic rules about taxable accounts/all that for many years and it's gone GREAT and I hav...
by Wricha
Fri Aug 17, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Today I retired [should I invest in rental properties?]
Replies: 25
Views: 3026

Re: Today I retired [should I invest in rental properties?]

delamer wrote:
Fri Aug 17, 2018 6:53 pm
How large is your portfolio? How much do you need from it to cover expenses (net after Social Security and pensions)?
Right questions
by Wricha
Fri Aug 17, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2207

Re: Financially Wise to Help Adult Child Buy Larger House

Thank you for quick responses and ideas to consider. We have about $1m in IRAs and investments plus a house worth about $250K. I have LTC but my husband does not. His IRAs would cover about 3 yrs of care in Memory facility if it was necessary to put him there. We have monthly income of about $5K. I...
by Wricha
Fri Aug 17, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2207

Re: Financially Wise to Help Adult Child Buy Larger House

How much are you thinking of giving? How much can you afford? given your the cost of care for your husband. How responsible is daughter and son in law?
by Wricha
Sun Aug 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2211

Re: Comfortably Retired and charity giving?

For those that are comfortably retired (40 times expense or more) what percent of your investments do you contribute to charity? And what percent of your estate do you plan to leave to charity? Personally I never thought of giving as a percent of investments (net worth - personal real estate). I th...