Search found 3119 matches

by unclescrooge
Tue Apr 23, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 98
Views: 7465

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

What (reasons) holds you back from retiring? For me, some major concerns are: (1) Potential 40 (or more) years of retirement is a huge unknown, many unpredictable things* might happen which might change anything that we predict confidently now, considering that I have only worked formally for 20 ye...
by unclescrooge
Mon Apr 22, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land after a boundary line adjustment
Replies: 10
Views: 835

Re: Cost basis of land after a boundary line adjustment

Except for the neighbors adjoining the lot, I can't think of anyone interested in buying a 15ft wide lot.

Unless your buyer is someone looking for space to park their RV. :mrgreen:
by unclescrooge
Mon Apr 22, 2019 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains
Replies: 8
Views: 886

Re: Real estate capital gains

123 wrote:
Sun Apr 21, 2019 11:35 pm

However, as a joint owner of the property you sister could likely object to the sale/disposal of the property should her mother have to apply to the state of California for financial assistance for nursing home care, should that become necessary.
What are the ramifications of such an objection?
by unclescrooge
Mon Apr 22, 2019 4:52 am
Forum: Personal Consumer Issues
Topic: “Smart Home” upgrades?
Replies: 26
Views: 2016

Re: “Smart Home” upgrades?

I have a ring doorbell, smart thermostat and smart garage doors.

I also have Google mini that can play my smart TVs, and turn on Pandora across the studio systems in the house.
by unclescrooge
Sun Apr 21, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 49
Views: 3473

Re: update 70s kitchen or nah?

Swansea wrote:
Sun Apr 21, 2019 2:38 pm
I had a master bath remodel that took over 3 months. I don't think these major remodels are a walk in the park. Sometimes they go well, sometimes not.
+1

I rebuilt a house in 7 months. On the other hand, my cousin redid a kitchen remodel in the same time frame.
by unclescrooge
Sat Apr 20, 2019 3:20 am
Forum: Personal Consumer Issues
Topic: Airbnb - Anyone running one?
Replies: 11
Views: 1720

Re: Airbnb - Anyone running one?

I would not do it in an HOA. If it's single family home and you want to run a small business it can be profitable. It's even more profitable if you can rent an apartment and turn it into an Airbnb. I know a guy who runs 6 such units in Los Angeles and nets about $90k/year. But it's not for the faint...
by unclescrooge
Fri Apr 19, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

barnaclebob wrote:
Fri Apr 19, 2019 9:02 am
Yeah but now 90% of what you are paying for is exclusivity.
Very true.

But how much is that worth?
by unclescrooge
Fri Apr 19, 2019 5:08 pm
Forum: Personal Investments
Topic: Back door Roth question
Replies: 8
Views: 417

Re: Back door Roth question

I'm about to do a Roth conversion and I just found out (while on vacation) my employer is selling my division to a French company. I believe we may be given an opportunity to do a 401k rollover. I don't know whether the French company will have a good 401k or not. If it's terrible, I would choose t...
by unclescrooge
Fri Apr 19, 2019 2:39 pm
Forum: Personal Investments
Topic: Back door Roth question
Replies: 8
Views: 417

Re: Back door Roth question

fabdog wrote:
Fri Apr 19, 2019 1:15 pm
The balance in your IRa at Dec 31st is what matters.
Thanks for the clarification Mike!
by unclescrooge
Fri Apr 19, 2019 1:03 pm
Forum: Personal Investments
Topic: Back door Roth question
Replies: 8
Views: 417

Re: Back door Roth question

Thread titile: "Back door Roth question" I'm about to do a Roth conversion and ... Instead of saying "yes" like the previous 2 responses, I'll throw in a "maybe." The title of your thread says "Back door Roth," but then you don't mention anything about making non-deductible contributions to an IRA ...
by unclescrooge
Fri Apr 19, 2019 12:15 pm
Forum: Personal Investments
Topic: Back door Roth question
Replies: 8
Views: 417

Back door Roth question

I'm about to do a Roth conversion and I just found out (while on vacation) my employer is selling my division to a French company. I believe we may be given an opportunity to do a 401k rollover. I don't know whether the French company will have a good 401k or not. If it's terrible, I would choose to...
by unclescrooge
Fri Apr 19, 2019 12:05 pm
Forum: Personal Investments
Topic: Net Worth where it should be?
Replies: 49
Views: 6510

Re: Net Worth where it should be?

Personal finance is personal. Comparison to others is useless (and "the thief of joy") I calculate progress as follows: Current retirement withdrawal rate = (12 x Monthly expenses) / Current retirement assets Progress = (Desired retirement withdrawal rate / Current retirement withdrawal rate) -----...
by unclescrooge
Fri Apr 19, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

Do it! No better way to commemorate a relatively overpriced vacation than with a relatively overpriced piece of wall art! I remember wanting an original Wyland so badly the first time we went to Maui. My wife and I laugh about it each time we've been back since then. Haha. The vacation has been rel...
by unclescrooge
Fri Apr 19, 2019 12:22 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9050

Re: Thinking about selling stocks near all time highs

Why wouldn't you just rebalance, just like you should have done in December?
by unclescrooge
Thu Apr 18, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

What is it about vacations that inspire purchases that would never occur to one in normal life? We spent a week in Kauai last June and the galleries were full of gorgeous work. I settled on a silk batik shirt for $60. It's too flashy for home. I've not worn it since. Enjoy without regrets. Our home...
by unclescrooge
Thu Apr 18, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

Seems to me that you are doing a great job saving for your future. It is also important to enjoy the journey so if you and your wife love the paintings I think that you should buy them. Spending money is something that I seriously struggle with. At what point is it okay to loosen the purse strings?
by unclescrooge
Thu Apr 18, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

What is it about vacations that inspire purchases that would never occur to one in normal life? We spent a week in Kauai last June and the galleries were full of gorgeous work. I settled on a silk batik shirt for $60. It's too flashy for home. I've not worn it since. Enjoy without regrets. Our home...
by unclescrooge
Thu Apr 18, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 61
Views: 7176

Re: Dissuade me from buying art [Kauai]

After debating over this for 4 years, wife and I finally bought 2 Valieres while on our Kauai vacation.

I was at least able to negotiate a good discount.

Thanks all for your help!
by unclescrooge
Mon Apr 15, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 30
Views: 2530

Re: Physician “TO-DO” list for LLC

As @ReasearchMed pointed out, an LLC for a professional providing just personal services with no facilities and/or employees, is likely to be unnecessary, provide little to no benefit and may be counter-productive. You will receive little to no liability protection for your personal services and it...
by unclescrooge
Mon Apr 15, 2019 2:47 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10591

Re: $1.1 million rental portfolio, but tired of being a landlord

- This investor is tired of being a landlord, tired of dealing with tenants, toilets, rent collecting, filling vacancies, and all the tenant drama. I would hire a property manager. No, the investor doesn't want to "manage" the property manager. It takes a lot of time and skill to make sure the prop...
by unclescrooge
Mon Apr 15, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8196

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

I only own ETFs at Schwab and I have found them to be annoying. I cannot use them to rebalance effectively because if I sell one, the shares “are not available to trade” for several days. I realize this may be unique to Schwab, but I’ve given up on them for future use. You would probably experience...
by unclescrooge
Mon Apr 15, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance strategy for single parent
Replies: 10
Views: 577

Re: Life insurace strategy for single parent

For 4 years of college and 2 years of grad school, fully paid for, you should plan on more like $60,000 x 4 and $75,000 x 2. Call it $400,000. Add in cost of living for 3 more years and figure another $150,000. $550,000 total. When you price term insurance, you will find that adding an extra $100,0...
by unclescrooge
Sun Apr 14, 2019 10:58 pm
Forum: Personal Investments
Topic: My advisor VS Vanguard's PAS
Replies: 70
Views: 4605

Re: My advisor VS Vanguard's PAS

I got a free retirement plan from Vanguard, not through PAS. It looked at my current allocation of funds (all cap weighted index for stock, some intermediate term muni bond fund) and did not recommend any active funds. Did not recommend international bonds either. As I said, I find the service fine...
by unclescrooge
Sun Apr 14, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Best 48-52" TV for ~$500? Costco?
Replies: 14
Views: 910

Re: Best 48-52" TV for ~$500? Costco?

adamthesmythe wrote:
Sun Apr 14, 2019 6:03 pm
I recommend trying to get into an HDR model unless you always use the TV in a lighted room.
Unless you have cataracts! :mrgreen:
by unclescrooge
Sun Apr 14, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4505

Re: Anyone have a child model?

A college buddy of mine has a business he runs 2 hrs every morning with his wife and several employees. That leaves him all day to ferry his kid around town for auditions. It was his 4 year olds idea to get into acting and modeling, so it began with a modeling class. The kid is also extremely talen...
by unclescrooge
Sun Apr 14, 2019 6:10 pm
Forum: Investing - Theory, News & General
Topic: 700 Years of Falling Interest Rates, 1310-2018
Replies: 56
Views: 5995

Re: 700 Years of Falling Interest Rates, 1310-2018

Phineas J. Whoopee wrote:
Sun Apr 14, 2019 12:50 pm
Oh, man! I almost bought consols in 1347, but the black death intimidated me.
PJW
I wonder what EM corporate bonds were paying when Genghis Khan was roaming the steppes of Central Asia?
by unclescrooge
Sun Apr 14, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4505

Re: Anyone have a child model?

A college buddy of mine has a business he runs 2 hrs every morning with his wife and several employees. That leaves him all day to ferry his kid around town for auditions. It was his 4 year olds idea to get into acting and modeling, so it began with a modeling class. The kid is also extremely talent...
by unclescrooge
Sat Apr 13, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid throwing money at problems?
Replies: 62
Views: 4188

Re: How to avoid throwing money at problems?

You can't have it all, it's impossible. Think about if you might be happier in a smaller house, with a lower income and more hours in the day to spend with your spouse and baby. If that's not right for you then you need to start "throwing money" at these problems or everything in your life is going...
by unclescrooge
Sat Apr 13, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

Shouldn't we also consider that the economy moved from manufacturing to technology, and the gross margins went from 30% to 80%?

Thus a lot of these predictions based on historic data are going to be pessimist compared to the reality of the current situation.
by unclescrooge
Sat Apr 13, 2019 12:52 am
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 1970

Re: Does a company 401k need a financial planner?

CFM300 wrote:
Fri Apr 12, 2019 6:56 pm
The one thing I got out of this thread is that a good advisor can save some serious bacon.
Actually the main thing you should have gotten, but I didn't see posted, is that if you're going to hire an advisor make sure you get a 3(38) fiduciary advisor.
by unclescrooge
Sat Apr 13, 2019 12:45 am
Forum: Personal Consumer Issues
Topic: Approx. cost of 2 new garage doors?
Replies: 14
Views: 1287

Re: Approx. cost of 2 new garage doors?

I paid $6k for two aluminum and frosted glass doors.

I was hesitant to spend that sort of money, but they look great. Especially at night with the lights on.
by unclescrooge
Tue Apr 09, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17515

Re: Bogleheads, why wont anyone hire me?

Real estate is basically a sales job. If you are having trouble getting hired at a job, I fear you will struggle getting hired as an agent.

Also, you will be constantly hustling to get new clients, so it's like you will be constantly interviewing.
by unclescrooge
Tue Apr 09, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is a work-at-home job have the same expectations as the office job?
Replies: 63
Views: 3445

Re: Is a work-at-home job have the same expectations as the office job?

I work from home as well. As previously mentioned, the job is result oriented and so I have flexibility in how and when I work.

Yesterday, I had a friend drop by for coffee between 3pm and 5pm which was nice.

On the other hand, I was working from 5pm till 11pm to hit some deadlines.
by unclescrooge
Tue Apr 09, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Should I regularly replace the water filter in the fridge?
Replies: 50
Views: 4007

Re: Should I regularly replace the water filter in the fridge?

Whether or not you need filter is debatable to begin with. Despite some stark exceptions most places in the U.S. have good safe tap water that is completely safe from the tap. Filters are sold advertising how much stuff is removed, but filtering water removes minerals many are deficient in like cal...
by unclescrooge
Tue Apr 09, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: Should I regularly replace the water filter in the fridge?
Replies: 50
Views: 4007

Re: Should I regularly replace the water filter in the fridge?

Whether or not you need filter is debatable to begin with. Despite some stark exceptions most places in the U.S. have good safe tap water that is completely safe from the tap. Filters are sold advertising how much stuff is removed, but filtering water removes minerals many are deficient in like cal...
by unclescrooge
Tue Apr 09, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Should I regularly replace the water filter in the fridge?
Replies: 50
Views: 4007

Re: Should I regularly replace the water filter in the fridge?

Removed the filter entirely...heavy use of bottled water. Curious why. Doesn't that work out more expensive in the long run? https://www.foodandwaterwatch.org/about/live-healthy/tap-water-vs-bottled-water DW is just addicted to store-bought waters :oops: Doesn't the plastic from the bottles leach i...
by unclescrooge
Tue Apr 09, 2019 12:46 pm
Forum: Personal Investments
Topic: Need to hire a financial advisor
Replies: 12
Views: 1358

Re: Need to hire a financial advisor

Dottie57 wrote:
Tue Apr 09, 2019 12:44 pm
I think it more likely Vanguard will use low cost index funds.
Schwab has a lot of low cost options as well.
by unclescrooge
Tue Apr 09, 2019 2:12 am
Forum: Personal Investments
Topic: Can an employer restrict 401k rollovers for terminated employees?
Replies: 19
Views: 1756

Re: Can an employer restrict 401k rollovers for terminated employees?

My wife works at a small medical practice with a subpar 401k, with high fees and shoddy bookkeeping. Due to this we haven't been contributing. One of the senior partners quit last year in April, so it's been 50 weeks from her last day. She still hasn't received her 401k distribution, or even a state...
by unclescrooge
Tue Apr 09, 2019 2:04 am
Forum: Personal Consumer Issues
Topic: Should I regularly replace the water filter in the fridge?
Replies: 50
Views: 4007

Re: Should I regularly replace the water filter in the fridge?

Removed the filter entirely...heavy use of bottled water. Curious why. Doesn't that work out more expensive in the long run? https://www.foodandwaterwatch.org/about/live-healthy/tap-water-vs-bottled-water DW is just addicted to store-bought waters :oops: Doesn't the plastic from the bottles leach i...
by unclescrooge
Tue Apr 09, 2019 12:09 am
Forum: Investing - Theory, News & General
Topic: Schwab Fixed Monthly Fee CFP Advice
Replies: 11
Views: 1029

Re: Schwab Fixed Monthly Fee CFP Advice

I'm skeptical on the level of personal advice you can get for $30/mo. That's equates to $360/year. If they said it was for a one time session, I'd believe them. But $30/mo doesn't seem feasible. Assuming you want someone who is smart enough to make $80k/year (and not some entry level kid making $30...
by unclescrooge
Mon Apr 08, 2019 2:49 pm
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 126
Views: 14227

Re: Theory: NOW is the Best Time for Total World Stock

vineviz wrote:
Mon Apr 08, 2019 1:47 pm

I was trying to avoid revealing the complete foolishness of Joe's xenophobic portfolio in my example, but since you asked . . . .
Haha. Thanks injecting some humor in these repetitive threads!
by unclescrooge
Sat Apr 06, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Schwab Fixed Monthly Fee CFP Advice
Replies: 11
Views: 1029

Re: Schwab Fixed Monthly Fee CFP Advice

Don't forget the point Zweig made in WSJ that Schwab requires at least 6% of assets be kept in their own bank savings account at 0.7% interest currently. Money markets paying 2.25%. Net, that 1.55% difference on 6% of assets costs equals about 0.10% loss of income. Schwab may recommend as high at 3...
by unclescrooge
Sat Apr 06, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: Schwab Fixed Monthly Fee CFP Advice
Replies: 11
Views: 1029

Re: Schwab Fixed Monthly Fee CFP Advice

I'm skeptical on the level of personal advice you can get for $30/mo. That's equates to $360/year. If they said it was for a one time session, I'd believe them. But $30/mo doesn't seem feasible. Assuming you want someone who is smart enough to make $80k/year (and not some entry level kid making $30k...
by unclescrooge
Fri Apr 05, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 3617

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

You need to go back to the 1099-MISC input screens and answer each and every question VERY SLOWLY!! One of the questions says: “Does one of these uncommon situations apply?” If you answer the question correctly, it will ask you a few more questions and put the $1068 on line 21. Yes, TT knows what i...
by unclescrooge
Fri Apr 05, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 3617

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

Breast Milk is considered merchandise, and the company that is paying me $1.00/ounce for the product should not be issuing me a 1099-MISC for these payments. Establishing a business (self-employed) to produce or sell Breast Milk wouldn’t be a recognized business as the volume produced and duration ...
by unclescrooge
Thu Apr 04, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 73
Views: 5020

Re: Landlord looking to buy out my lease. Whats a reasonable price?

The value calculated to them or to you? To you, inconvenience $$ To them, delayed project $$$$ Value to You: You have an expected benefit of $600.00/month for 4 months based upon your lease (2800 FMV less lease rate 2200 = 600 x 4 = $2400). That is your current position. 2400 expected benefit 1500 ...
by unclescrooge
Wed Apr 03, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6940

Re: What? No Income?

I had a buyout from work with 1 year severance and COBRA paid by company at age 61. I have CDs for the first 6 years. I pay myself 3k per month n the first of each month. Lumpy , once a year expenses paid from fund cap gains and dividends. SS somewhere between 68 and 70. Congrats! What do you do fo...
by unclescrooge
Wed Apr 03, 2019 1:08 am
Forum: Investing - Theory, News & General
Topic: Bay Area housing prices as a function of tech stock appreciation
Replies: 41
Views: 3428

Re: Bay Area housing as a function of tech stock appreciation

Yes, and Seattle housing prices have cratered if you measure them in shares of Amazon stock. The reality is simple, coastal cities have a limited amount of desirable housing, so the prices on it will be bid up to the maximum extent that people who want to live in that housing can afford. The bigges...
by unclescrooge
Tue Apr 02, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 20
Views: 2928

Re: Cash Balance Defined Benefit Plan

Thanks, g$$, that makes sense! Any ideas as to the other question? What should a Cash Balance plan cost (tpa / recordkeeping / actuary costs) and what are the better low-cost providers? Thanks! I am self-employed, and have my own defined benefit plan. I pay roughly $2,500 per year for my plan. It i...
by unclescrooge
Mon Apr 01, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Redoing lawn with bermuda
Replies: 25
Views: 2179

Re: Redoing lawn with bermuda

My front yard was dirt. The previous owners destroyed the landscaping and irrigation system. I live in Los Angeles and we have a chronic shortage of water. I planted a ground cover called kurapia instead of grass and ice plant on the parkway strip. The kurapia needs a lot less water than grass and l...