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DualIncomeNoDebt

eastwayroad wrote:with roughly 35 x current annual net income.

The usual formulation for this particular analysis is "expenses," not "net income." But either way, cool.

DualIncomeNoDebt

I'm a pessimist. But one of the few things I'm optimistic about is the Pacific Northwest. Good demographics, reasonable tax rates, and you have water. Get your house, but avoid a McMansion. With a cheaper/smaller home, it's cheaper to buy, easier to sell, much cheaper to run and insure, and a smalle...

DualIncomeNoDebt

I inherited a $1M home that I've been trying to sell for the past 9 months. The market is telling you, it's not a $1MM home. And the reason it's not selling is your asking price. Ask yourself this: if I listed this home for $1, would it sell? If the answer is yes, then you have a saleable home -- i...

DualIncomeNoDebt

Also leaving my agency really isn't an option. I've been here for a decade amped don't really know how to do anything else. If I left, I would have to start over, which would require a substantial pay cut. At 37, and with my responsibilities, I cannot start over. Then the harsh truth is, you have z...

DualIncomeNoDebt

Hoops, if you like your bonds, then keep your bonds. Something you should consider, a prior post of mine concerning whether equity investors are truly being compensated for the much greater risk they take. Bond versus equity risk . Read this post. Understand the math. Even more important, understand...

DualIncomeNoDebt

no children.

Keep it that way.

DualIncomeNoDebt

LunaInvestor2048 wrote:because I'm wondering why I'm not even getting calls

Vive la bubble. Link.

DualIncomeNoDebt

With individual bonds, like munis, in the secondary market you'll get screwed on the spread, every time. Muni bond market is essentially and OTC market, and these market makers try to make bank with every buy and sell. There's two things you can do if you want to purchase individual bonds. First, bu...

DualIncomeNoDebt

Those fees are outrageous.

Listen to the significantly more experienced investors here: run from this "opportunity" with your friend. And if you don't heed this advice, then you deserve to get ripped off.

DualIncomeNoDebt

Beware any large upfront fee for a retirement community. I wouldn't pay it, ever. Oh sure, there are many adult communities that have these enormous move-in fees. What a great deal for them: they get control of your money and earn interest; in return you get a promise they will return some portion o...

DualIncomeNoDebt

TradingPlaces wrote:I think this conversation is becoming overly political at this point.

I expect the closure of this thread to be imminent, due to references to government and political stuff.

Keep clutching those pearls . . . .

DualIncomeNoDebt

People here are concluding that their inaction is driven by a desire to blame you if the investments don't work out. Based solely on what you've said, I didn't reach that conclusion. This is a misreading. What I and others have said is, if the investments don't work out, the original poster will be...

DualIncomeNoDebt

He wanted me to log into his account and buy the fund for him because he couldn't figure it out. Don't do this, ever. If the selection goes south, you will never hear the end of it -- or worse, will be expected to make up any future losses. You need this kind of aggravation like you need a hole in ...

DualIncomeNoDebt

Let me echo a previously-expressed sentiment. Proceed carefully with any property purchase. Even with the inheritance, you'll barely have enough to purchase a stucco shack in the Bay Area. I visit frequently, you live there; I don't need to tell you that more modern properties that don't need work a...

DualIncomeNoDebt

Student loans are recourse loans, and usually cannot be discharged. In other words, it's one of the most pernicious forms of debt. Extinguish them ASAP.

DualIncomeNoDebt

alwayshedge wrote:5 mph . . . . Should I still report this to my insurance in the off chance

Don't waste the insurance co's time. They won't care.

DualIncomeNoDebt

Mercedes Benz CLA 45 AMG As I think you may have mentioned, AMGs suffer major depreciation across all model lines. Buy one that's four years old, you may be able to get it for 25% of MSRP. Don't buy new; not only will you be flushing your loot down the toilet, but there are savvy used AMG buyers ju...

DualIncomeNoDebt

I am 30yrs old and already have 1mm in whole policy that I am max funding with the hope it will be self sufficient after 5-6 years and living off its dividends. To get this fully funded will require about 10% MORE of my net worth. Better review those transaction documents, riders, disclaimers, and ...

DualIncomeNoDebt

dekecarver wrote:your retirement from State Gov retirement plan is $45K/yr and lets say you plan on living another 35 years would you count that as roughly $1,575,000 towards your net worth even knowing that once your gone that pot of $$ is also gone?

No.

DualIncomeNoDebt

Will the fact that we will be staying at a resort inside the Disney make a difference? No. The boats and monorails will be jammed. The only benefit is you won't have to exit the parking lot (which is a significant benefit). Your time period is the absolute worst time to go. You will be paying $105 ...

DualIncomeNoDebt

retire2044 wrote:We recently put $1000 earnest money down to purchase a 2015 Nissan Pathfinder. We had reached a price agreement for the new vehicle, and the money allowed them to finalize the search for the vehicle we requested.

Never do this.

DualIncomeNoDebt

I feel totally screwed on my first home. The truth is, you did get screwed. Do I have any recourse? Start here . You need to look over every single sentence of all documents associated with your home purchase, as well as the inspection report(s) -- and especially any waivers and disclaimers in any ...

DualIncomeNoDebt

Is this a case of over-insuring against minuscule risk, and a case of auto companies finding a new way to capitalize on fear and paranoia to increase their profits? No. And even if it is, I still want more electronic safety features. Why? Because so very many people are stupid -- that's why. I see ...

DualIncomeNoDebt

Is this a case of over-insuring against minuscule risk, and a case of auto companies finding a new way to capitalize on fear and paranoia to increase their profits? No. And even if it is, I still want more electronic safety features. Why? [OT comment removed by admin LadyGeek] Many don't pay any at...

DualIncomeNoDebt

Short answer is yes.

DualIncomeNoDebt

Do banks still take loose coinage without charging you a fee like Coinstar? They used to, but it's been ages since I've done that. Get an account at a local credit union that has a coin sorter, and offers access to it free for customers. The way it works is, you go to the machine, insert your debit...

DualIncomeNoDebt

and generally don't care what others think , but I cannot deny that I sometimes feel a little self-conscious about it. I wonder sometimes if new acquaintances or friends whom I haven't seen in a while will speculate about my financial situation . . . . I admit this was purely out of self-consciousn...

DualIncomeNoDebt

Jewelry = ripoff. Buy a piece at retail, then turn right around and attempt to sell it at another jewelry store. You'll be lucky if you're offered 10% of the price you paid not five minutes ago.

DualIncomeNoDebt

^ That sounds like a good plan. My lady and I have our own accounts as well, and our trust is absolute. That is the important piece. We both do basically whatever we want. None of this "checking in" nonsense. I cringe when I see these "I need to check with my spouse" posts; who the heck wants to liv...

DualIncomeNoDebt

United States banks are cheap and stupid. Chip + user-entered pin are superior to chipsig. Chase Sapphire recently started mailing these revamped chip-signature cards. Good to know they are worthless overseas. What a waste of time and money, when they should have implemented chip-pin correctly in th...

DualIncomeNoDebt

Question for the rich folks, what fun things you and your family do Friday night? Avoid crowds, avoid annoying people, and avoid anything to do with children. Crowded event, pretty much automatically skip it. Exclusive or invitation-only event, we may attend. Or not. Also, we make many last-minute ...

DualIncomeNoDebt

Get Maui Jims, with glass lenses, preferably polarized. I personally think they are the best out there that are reasonably available to consumers. They have great lenses, great performance, look excellent -- and because the lenses are glass, you can clean them vigorously with plain soap, water, and ...

DualIncomeNoDebt

Don't believe people when they tell you they can "stay the course." Look up "Plan B" and related Boglehead posts from around that time. Eye-opening.

DualIncomeNoDebt

Online edition of WSJ is great. iPad WSJ app is fantastic. Why put up with this nonsense when you can have the content sent to you digitally, instantly, and carry it with you everywhere on your preferred device, be it desktop, laptop or tablet? Also, newsprint already is dead. Just a matter of time ...

DualIncomeNoDebt

Alphabet Soup Of Financial Advisors

DualIncomeNoDebt

Laser. Monochrome. Powder polymer toner. Problem solved.

DualIncomeNoDebt

Be aware bandwidth is one thing. But another important determinant is latency. Lower latency is much better, and a higher latency may be associated with some of your issues, though of course it may also be the 6/1 speeds, or your location on the trunk and worsening performance as neighbors suck up m...

DualIncomeNoDebt

How to convert? Answer: add money.

DualIncomeNoDebt

I was wondering how many of you have reached your long term retirement/savings goals without every owning any real estate? Older than you, no kids. High cost of living area. I think you've been given some good advice, especially rent now, buy later. My experience in an expensive locale is, we saved...

DualIncomeNoDebt

Tried Android phones. Hated the software, not nearly as robust as iOS, had multiple crashes, hangs, flaws, problems. Further, most Android manufacturers are terrible with support. Samsung and LG, for example, provide almost no updates for the phones past a year. PITA trying to upgrade to the latest ...

DualIncomeNoDebt

They were unwilling to supply any other info. . . . We turned them down because of the inability to supply sufficient documentation. This is your right, of course, but there are citizens with significant assets who simply refuse to provide detailed financial records -- and I don't blame them. Many ...

DualIncomeNoDebt

As an aside, the 10% penalty withdrawals disgust me to no end. Yes, I understand the purported reason, don't blow retirement money on frivolity. But why should responsible savers and early retirees have to forfeit 10% of their savings to access their own money on an accelerated time schedule befitti...

DualIncomeNoDebt

Second, is the concept of preferred risk applicable to mutual insurance companies? Yes. In theory, mutual insurance companies are analogous to credit unions in that there's an implied social benefit/non-preferred element to their structure by design. No, not analogous. Although credit unions may be...

DualIncomeNoDebt

Cynic's perspective. We live in a gated community that has it's own dog park, a large grassy field with benches and wide open space beyond that. Plus there are dog "disposal" bags and pails all over the place. I see lots of people walking dogs in the neighborhood -- and not all of them look happy ab...

DualIncomeNoDebt

mountainman99 wrote:at a friend's super bowl party . . . We got to talking about finances"

Host needs higher quantity and quality alcohol.

DualIncomeNoDebt

Take the job. Hurricanes aren't an issue unless you are right on the water or live on the the oceanfront sand barriers. I also suggest you watch the recent PBS special on sinkholes -- and don't buy a home in any sinkhole-prone areas.

DualIncomeNoDebt

[OT comment removed by admin LadyGeek]

DualIncomeNoDebt

For anyone with experience in buying/selling condo's, would you buy or would you lease a condo that might be only semi-permanent- maybe changing every 2-3 years? You'll be flushing money down the toilet if you are flipping condos every few years. Not to mention the taxes and common charges will rea...

DualIncomeNoDebt

The point, I think, is to learn which items have the biggest impacts . . . and then to use that knowledge going forward to make investment and other financial decisions Hence why spreadsheets were invented with the dawn of the computer. And tax software is nothing more than a spreadsheet with a pre...

DualIncomeNoDebt

As of Jan. 8, the 6mo T is paying .08%, or basically $120. The 1yr is paying 0.23%, or $345. Bottom line, with this relatively small amount of money, on a six month or one year time frame, at current Fed rates -- it's worth neither the risk nor the effort to explore anything other than a savings acc...

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