Search found 289 matches

by cbr shadow
Mon Nov 04, 2019 2:19 pm
Forum: Personal Investments
Topic: 37 yr old check-in/quick question
Replies: 10
Views: 1259

Re: 37 yr old check-in/quick question

I apologize if it’s seen as a brag thread. I know my net worth is largely driven by some lucky career compensation increase, a huge bull market we’ve had as my career developed and the boglehead approach to investing - i.e. not much that should be attributed to my own doing. I really wasn’t sure ho...
by cbr shadow
Tue Oct 29, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

The reasonableness standard, to me here, is, what control does the landlord have over any natural disaster, wildfire, or any decision a power company make due to a wildfire?.... If the answer is none, they have no responsibility to financially compensate the renter. If the landlord screwed up, cut ...
by cbr shadow
Tue Oct 29, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

All fair points. I do understand that the landlord isn't he tenant's electricity provider. A poster above added a link showing there's legal precedent for not paying rent if you don't have power. They consider the place "unlivable" without power. I'm not sure how California handles that though, sin...
by cbr shadow
Tue Oct 29, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

Where is this that the heat outage makes it too cold? How cold are we talking? Low 40's at night. Someone here might say "throw on a sweater" but they have a newborn baby in the poorly insulated house. They're on a cliff side where fog rolls through. I went into their house at 10:00AM and it was so...
by cbr shadow
Tue Oct 29, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

My thought being that I'm guaranteed access to electricity living in this house. You think all renters are "guaranteed" access to electricity by the landlord? How could a landlord possibly guarantee this, short of having their own on-site power generation equipment? A critical flaw to your argument...
by cbr shadow
Tue Oct 29, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

I'm guessing a full review of the lease agreement is necessary. I just don't understand why the landlord should not get any risk, but the tenants take on all risk of the fires or power outages. If the lease says that the house has grid power, but now that power is turned off, is a rent discount in ...
by cbr shadow
Tue Oct 29, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

Yikes, I didn't think this would strike a nerve. I'm asking the question out of curiosity, I'm not your tenant pushing back on the rent of one of your rentals. Based on the responses so far I'm guessing the answer to ""Am I out of line in thinking this?" is yes. I don't think it's out of line. What...
by cbr shadow
Tue Oct 29, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

LL not responsible for power grid. In my state landlord IS responsible for: "The landlord must provide running water, reasonable amounts of hot water and reasonable heat. landlord must keep in reasonably good and safe working order and condition all electrical, gas, plumbing, sanitary, heating, ven...
by cbr shadow
Tue Oct 29, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

Based on the responses so far I'm guessing the answer to ""Am I out of line in thinking this?" is yes. You have accurately assessed the answers. To help with a logical analogy, assume an explosion at a substation took out power to your friends house. Do you think they'd be entitled to a rent reduct...
by cbr shadow
Tue Oct 29, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

LL doesn't provide the power. The utility company does. Utility Co shuts off power: the renter, LL and everyone else in that area is out of luck. In this case the LL isn't out of luck at all. They are still getting uninterrupted rent on the home. LL could own and live in the same affected community...
by cbr shadow
Tue Oct 29, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

If you sold your house, and then PG&E kept cutting power, would you give the buyer money back? If not, how is renting any different? No I wouldn't.. but I don't think that's a reasonable example. If I sold my house and later the roof had a leak I wouldn't cover it, but a landlord would cover it. Th...
by cbr shadow
Tue Oct 29, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

surfstar wrote:
Tue Oct 29, 2019 12:54 pm
LL doesn't provide the power. The utility company does.

Utility Co shuts off power: the renter, LL and everyone else in that area is out of luck.
In this case the LL isn't out of luck at all. They are still getting uninterrupted rent on the home.
by cbr shadow
Tue Oct 29, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

Re: California Fires: Landlord/Tenant Question

I live in Northern California but I'm not directly affected by the fires or the power outages. We happen to live in an area that isn't at risk, right near San Francisco. A couple that we are good friends with have a newborn baby and live in an area where the power was shut off. It gets too cold at ...
by cbr shadow
Tue Oct 29, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4126

California Fires: Landlord/Tenant Question

I live in Northern California but I'm not directly affected by the fires or the power outages. We happen to live in an area that isn't at risk, right near San Francisco. A couple that we are good friends with have a newborn baby and live in an area where the power was shut off. It gets too cold at n...
by cbr shadow
Tue Oct 01, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Wife's 401k, Principal to Principal?
Replies: 5
Views: 435

Re: Wife's 401k, Principal to Principal?

C) leave the old one at Principal and retain two accounts. If the funds are reasonable in the new account, I would roll over into the new 401(K) to reduce any IRA balances for future backdoor Roth IRA conversions. If the options stink, then rollover to a Vanguard Rollover IRA. Personally, I would n...
by cbr shadow
Tue Oct 01, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Wife's 401k, Principal to Principal?
Replies: 5
Views: 435

Wife's 401k, Principal to Principal?

My wife worked for a company who did their 401k through Principal. She has about $185k in it. She recently switched to a new company (started yesterday) and the new company also uses Principal for their 401k. Does she have options for what to do here? I imagine she can either: A) Roll her old 401k i...
by cbr shadow
Fri Sep 20, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24798

Re: IT compensation comparison

I work at one of the major tech companies mentioned in this post, and I agree with other posters that "IT" is different than "Software Engineer" in Silicon Valley. Here we have relatively new software engineers making $250k+, but also have low level IT workers (IT helpdesk) making $85k after 3 years...
by cbr shadow
Wed Sep 18, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9233

Re: Best places to live to raise a family (cost doesn't matter)

If you dont mind VHCOL, or you work in tech, Northern California is just an incredible place to live. Mild weather all year, tons of things to do culturally, endless outdoor activities (some of the best cycling in the world), San Francisco, San Jose both close by, great schools available, very diver...
by cbr shadow
Mon Sep 09, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 38
Views: 3965

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

It sounds like you're in a pretty good position. You have some savings/income that will hold you over so you're not in a hurry, you have a degree and a rare skill set, and you live in SoCal when the job market is just booming. I don't have any specific advice other than don't be too hard on yourself...
by cbr shadow
Wed Sep 04, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Pre-IPO trading vs. IPO value
Replies: 11
Views: 630

Re: Pre-IPO trading vs. IPO value

Options in a company that has already experienced significant growth (as I assume this has, given that it will IPO soon) are not a great perk, as they are unlikely to be worth much without continued growth (and could be worthless). One nice thing though is that she will not have to worry about deci...
by cbr shadow
Wed Sep 04, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Pre-IPO trading vs. IPO value
Replies: 11
Views: 630

Re: Pre-IPO trading vs. IPO value

... I see online that the "Pre-IPO shares" are trading for $21/share. Is this indicative of what the shares will trade for once/if they IPO? ... No it is not. It may be but prices can swing widely based on numerous factors related directly to the company, the industry, the general economy, the deat...
by cbr shadow
Wed Sep 04, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: Pre-IPO trading vs. IPO value
Replies: 11
Views: 630

Pre-IPO trading vs. IPO value

My wife is getting an offer from a startup that is rumored to have an IPO coming very soon. I realize this isn't a guarantee, but exciting nonetheless. As part of her compensation they've given her a "strike price" for a certain number of shares. I'm still learning about what all of this means, but ...
by cbr shadow
Fri Aug 30, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Manager is Interviewing Candidates (External) before Job is posted
Replies: 57
Views: 5872

Re: Manager is Interviewing Candidates (External) before Job is posted

If you think initiating legal action against your current manager is going to get you an interview that results in your hire, well, I don’t even know what to say. I'm not sure why people want to pile on about this - it's already been addressed and he responded to the feedback. Sometimes I think res...
by cbr shadow
Fri Aug 30, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3274

Re: Minimum to keep in checking account?

It sounds like I'm in the minority here. I keep $20k in my checking account which also serves as an 'emergency fund'. Anything over $20k at the end of the month gets moved to the taxable account. We don't have a savings account as I found the rules about minimums and number of transfers to be more p...
by cbr shadow
Fri Aug 23, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Manager is Interviewing Candidates (External) before Job is posted
Replies: 57
Views: 5872

Re: Manager is Interviewing Candidates (External) before Job is posted

If you think initiating legal action against your current manager is going to get you an interview that results in your hire, well, I don’t even know what to say. I'm not sure why people want to pile on about this - it's already been addressed and he responded to the feedback. Sometimes I think res...
by cbr shadow
Wed Aug 14, 2019 11:20 am
Forum: Personal Investments
Topic: Is a Backdoor Roth worth it in our situation?
Replies: 26
Views: 1412

Re: Is a Backdoor Roth worth it in our situation?

Your post is interesting. Given your high income I tend to think both of you are readily employable, so I really would consider looking for a new job with a company that doesn't have a 401K plan that sucks. .... I think your real issue is your current employer's 401K plan. There are a lot of factor...
by cbr shadow
Wed Aug 14, 2019 11:13 am
Forum: Personal Investments
Topic: Is a Backdoor Roth worth it in our situation?
Replies: 26
Views: 1412

Re: Is a Backdoor Roth worth it in our situation?

My wife and I are both 35 years old and haven't contributed to a Roth IRA in several years since our salaries are too high to do a standard Roth IRA contribution. We have the option of doing a "Backdoor Roth IRA Contribution" except we both have rollover IRA's from previous employer 401k's. Those r...
by cbr shadow
Wed Aug 14, 2019 11:11 am
Forum: Personal Investments
Topic: Is a Backdoor Roth worth it in our situation?
Replies: 26
Views: 1412

Re: Is a Backdoor Roth worth it in our situation?

Both of our employer's 401k plans allow for us to move our rollover IRA's into the 401k's, but the 401k's have about 1% expense total. Compare that to the VTSAX Admiral's expense ratio under 0.1%. Our rollover IRA accounts don't have a ton in them (mine is $75k, hers is $20k). This is a question fo...
by cbr shadow
Tue Aug 13, 2019 6:27 pm
Forum: Personal Investments
Topic: Is a Backdoor Roth worth it in our situation?
Replies: 26
Views: 1412

Re: Is a Backdoor Roth worth it in our situation?

luminous wrote:
Tue Aug 13, 2019 6:22 pm
Absolutely worth it. You’ll be paying $81/year to shelter $12k/year.
Can you share how you did that math?
1% of $70,000 = $700
1% of $20,000 = $200
--
Total = $900

Not being a jerk, but want to know if I'm not thinking of this correctly.
by cbr shadow
Tue Aug 13, 2019 6:18 pm
Forum: Personal Investments
Topic: Is a Backdoor Roth worth it in our situation?
Replies: 26
Views: 1412

Is a Backdoor Roth worth it in our situation?

My wife and I are both 35 years old and haven't contributed to a Roth IRA in several years since our salaries are too high to do a standard Roth IRA contribution. We have the option of doing a "Backdoor Roth IRA Contribution" except we both have rollover IRA's from previous employer 401k's. Those ro...
by cbr shadow
Tue Jul 16, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6338

Re: College cost prediction and savings for 5, 3, and newborn

There very well could be a revolution in education coming. DS is currently taking a couple summer courses at his expensive private college and because the schedules make his classes overlap, he's taking one as an online course. This has become a near standard at his college, where students can watc...
by cbr shadow
Fri Jul 05, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6222

Re: 50-60k boat purchase??

ohai wrote:
Fri Jul 05, 2019 5:15 pm
OP, you really came to a website like this and expected people to approve of you buying a $60k boat?
You really posted that comment after several people in the thread DID approve his purchase? :-)
by cbr shadow
Fri Jul 05, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6222

Re: 50-60k boat purchase??

<duplicate post>
by cbr shadow
Wed Jul 03, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4225

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

These "Can I afford it" threads are always strange and probably not especially helpful since it's very subjective. If you posted on Reddit Finance people would say you could 100% afford it. Here at Bogleheads people would say you should have $1M net worth, no debt, big emergency fund, fully funded r...
by cbr shadow
Wed Jun 26, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Considering adding second level to house [Bay Area]
Replies: 40
Views: 3367

Re: Considering adding second level to house [Bay Area]

It can be a good idea for rental income but you need to work on your definition of free... That's like saying I can buy a 1 million dollar house but because it's worth 1 million dollars, it's free. $400k will move from my checking account to my home equity. My net worth stays the same, and I get to...
by cbr shadow
Thu Jun 13, 2019 6:19 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

I've generally settled on paying for simplicity. This means cheap target funds in the 401ks (.11 and .14 ER), and vtwax in Roth, 529, and taxable accounts. Maybe Facebook will become a trillion dollar advertising company and I'll lose out on some US gains, but i prefer to just keep things simple an...
by cbr shadow
Thu Jun 13, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 3222

Re: Benefits of becoming an independent contractor

If you gross $180k as an independent contractor, you won't be able to, nor will you want to, have a salary of $180k. Let's say your salary is $100k. Your business account would look something like this: Salary: $100k Employer 401k: $25k (25% of salary up to $56k total employer + employee) Employer ...
by cbr shadow
Thu May 23, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Google Tool for coordinating vacation dates between friends?
Replies: 16
Views: 1340

Re: Google Tool for coordinating vacation dates between friends?

I don't understand why having folks send dates that don't work for them isn't acceptable. It kind of seems like you're trying to techno-engineer something that's pretty simple. There are 9 of us and all have different schedules and preferences for where we go, what activities we do, time of the yea...
by cbr shadow
Thu May 23, 2019 1:14 pm
Forum: Personal Consumer Issues
Topic: Is Tesla Going To Survive?
Replies: 99
Views: 7443

Re: Is Tesla Going To Survive?

TSLA is now at $192 (down 47%)? Is the company going to survive the next few years? 1. how would I or anyone know? Does anyone have a crystal ball? 2. If I said one way or the other, why would you believe what was written by an anonymous poster on the internet? 3. If I said with confidence what wou...
by cbr shadow
Thu May 23, 2019 1:04 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

I worry that if I "tune out the noise" about the market we may miss something. Do you also worry that if you "tune out" all of the latest health & nutrition news you'll miss something? Surely that would be even more devastating to your family's happiness than whatever tiny improvements tweaks to in...
by cbr shadow
Thu May 23, 2019 1:04 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

MotoTrojan wrote:
Wed May 22, 2019 5:14 pm
Why no Roth?
We contributed to a Roth IRA in the past for several years until we hit the income limit to do a standard RothIRA contribution. We both now have rollover IRAs (from previous employers) that complicates doing a backdoor Roth IRA contribution.
by cbr shadow
Thu May 23, 2019 1:02 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

The Wizard wrote:
Tue May 21, 2019 8:44 pm
cbr shadow wrote:
Tue May 21, 2019 5:12 pm

What I'm wondering is if I should switch VTSAX our for VTWAX to get international exposure in a single fund.
No.
Keep domestic and international separate.
This will make tax loss harvesting easier...
Fair point. I don't TLH as of yet, but it's probably something I should learn about.
by cbr shadow
Thu May 23, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Google Tool for coordinating vacation dates between friends?
Replies: 16
Views: 1340

Google Tool for coordinating vacation dates between friends?

This is something that I run into every once in a while and I'm sure there are better "shared document" tools than what I'm using. A few friends of mine and I want to plan a vacation. We need to decide on a time of year, location/activities, and an exact date. I could create a Google Sheet (basicall...
by cbr shadow
Tue May 21, 2019 5:48 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

I'm 35 yrs old and feel like I generally have my investments in order. My wife and I have high income, a good emergency fund, max both of our 401k's and put all of our extra money into a Vanguard taxable brokerage account. Our taxable account is 100% VTSAX. I worry that if I "tune out the noise" ab...
by cbr shadow
Tue May 21, 2019 5:38 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

Should I make this change as to not miss out on world growth vs US growth? These are long-term investments. When we talk about 'noise' we mean the latest news and market actions and products. Investing in international equities has been a perennial topic of conversation around here (just do a searc...
by cbr shadow
Tue May 21, 2019 5:12 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Re: Does tuning out mean missing out?

I'm 35 yrs old and feel like I generally have my investments in order. My wife and I have high income, a good emergency fund, max both of our 401k's and put all of our extra money into a Vanguard taxable brokerage account. Our taxable account is 100% VTSAX. I worry that if I "tune out the noise" ab...
by cbr shadow
Tue May 21, 2019 4:57 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3593

Does tuning out mean missing out?

I'm 35 yrs old and feel like I generally have my investments in order. My wife and I have high income, a good emergency fund, max both of our 401k's and put all of our extra money into a Vanguard taxable brokerage account. Our taxable account is 100% VTSAX. I worry that if I "tune out the noise" abo...
by cbr shadow
Tue May 14, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 6756

Re: Buying a "new" car - Advice pls

IMO the most Boglehead car you can buy is a used Toyota Prius. - Low entry cost (10k is easily doable) - Great reliability. Reports of 300,000 mile Prius' are easy to find - Low overall maintenance costs (brakes last longer, engine is near indestructible, battery replacement fears are unfounded) - G...
by cbr shadow
Mon May 13, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 3222

Re: Benefits of becoming an independent contractor

OP, you can't just pick your status. You mentioned this would be a "job" for your current employer. That likely makes you an employee. Are you sure this is legal? My current employer is a company that staffs me under a contract at a larger company. I won't sidetrack this thread with this part of th...
by cbr shadow
Mon May 13, 2019 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 3222

Re: Benefits of becoming an independent contractor

Situation B: Start Single Member LLC Do you need LLC? I second this question. If you are just providing professional services; an LLC is often unnecessary, provides little benefit and is possibly counter-productive. Good points, I don't think I need LLC. MY CPA gave me several options and that soun...