Search found 677 matches

by Meaty
Wed Jul 10, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 10495

Re: Staying the course is so hard (support thread)

Hi all - I'm trying my best to stay the course. I'm 38, I'd love to retire in 13 years. I say 13 years because my mortgage (15 year bi-weekly payments) finishes then, and thats the same time my kid turns 18, so no more child support, and she'll have a healthy 529 by then. I'm trying to stay the cou...
by Meaty
Tue Jun 25, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5709

Re: Lease vs Buying a Car

cloneman33 wrote:
Tue Jun 25, 2019 10:15 am
I have always bought my vehicles. Looking for folks opinions on buying vs leasing vehicles? Also, are there used vehicle leases or just new? Is the instant decline of value of a new car priced into a new car lease price? Thanks for any help!
Leasing a car is the most expensive way to drive.
by Meaty
Mon Jun 24, 2019 4:35 pm
Forum: Personal Investments
Topic: Non traded BDC help
Replies: 6
Views: 378

Re: Non traded BDC help

Thanks for the replies. Yes, an “advisor” sold this garbage to my late FIL and I’m just trying to liquidate. Hopefully we get to that point soon Frankly, I’m just glad my FIL didn’t need this money only to get the “sorry - no redemptions until next quarter and then you can only have as much as we al...
by Meaty
Mon Jun 24, 2019 2:08 pm
Forum: Personal Investments
Topic: Non traded BDC help
Replies: 6
Views: 378

Re: Non traded BDC help

I inherited a small position (10k) in a non traded BDC. As you can imagine this investment has lost half its value since it was bought and, being non liquid, has been near impossible to cash out. I learned today this company is merging with another and is essentially frozen for an indefinite period...
by Meaty
Mon Jun 24, 2019 1:47 pm
Forum: Personal Investments
Topic: Non traded BDC help
Replies: 6
Views: 378

Non traded BDC help

I inherited a small position (10k) in a non traded BDC. As you can imagine this investment has lost half its value since it was bought and, being non liquid, has been near impossible to cash out. I learned today this company is merging with another and is essentially frozen for an indefinite period ...
by Meaty
Fri Jun 14, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 555
Views: 49256

Re: Why are you NOT buying rental properties?

I’ve looked at it several times but I can never make the numbers work. Additionally, I realize it’s a business and the fact that I have zero experience doing it. Generally it’s not a good idea to start a business you know nothing about
by Meaty
Tue Jun 11, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5729

Re: Is it Wise to Remove Escrow if Bank Allows it?

What do bogleheads do concerning escrow? Do you get rid of it as soon as your able to allow greater flexibility? Or do you keep it as its two less bills to keep track of (RE taxes & Home Ins.)? Just one thing to consider- some states require lenders to provide interest on escrow accounts; often far...
by Meaty
Mon Jun 10, 2019 4:23 am
Forum: Personal Investments
Topic: Leveraged reit
Replies: 6
Views: 670

Re: Leveraged reit

A few thoughts: 1. This is monthly leveraged, not daily. So over the long run it should track the index at 2x more closely than a daily leveraged instrument like SSO. In other words MORL has less volatility decay. 2. At any point in time the yield might be 20%+, but realized return has very little ...
by Meaty
Sun Jun 09, 2019 7:24 pm
Forum: Personal Investments
Topic: Leveraged reit
Replies: 6
Views: 670

Leveraged reit

Help me understand why these are bad investments (or if they are?). MORL has an expense ratio of .4% (better than many funds) and a dividend of 20%+. What am I missing? Can more than the investment amount be lost because it’s leveraged? I know it’s interest rate sensitive but it seems rated will be ...
by Meaty
Mon Jun 03, 2019 9:53 am
Forum: Personal Investments
Topic: Would you pay off car loan early?
Replies: 46
Views: 2326

Re: Would you pay off car loan early?

hightower wrote:
Mon Jun 03, 2019 8:04 am
Yes I would pay that off. In fact, I would not sign up for debt on a car in the first place. I've learned my lesson with that in the past and won't do it again.
+1
by Meaty
Wed May 29, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 26067

Re: Can I afford this 2.3 million dollar home?

Hi all, some advice please. Interested in buying a dream home in ideal location next year for 2.3 million. Would plan on staying for a long time, possibly forever. Price is a bit shocking, but after months of scanning the market, it seems to be the best option for our taste. Mid 30s, married, one y...
by Meaty
Mon May 27, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4949

Re: FIRE in 6-7 years vs 20+ years

I am a physician graduating from residency in 1 month. I have a contract set in place where I'm making a minimum of 435k that starts in July. My wife is also a resident physician, she graduates in 2 years. We expect her to have an income around ~200k after she is done. Residency training was very d...
by Meaty
Tue May 21, 2019 3:34 pm
Forum: Personal Investments
Topic: Early Retirement Bridge Approach
Replies: 18
Views: 2807

Re: Early Retirement Bridge Approach

4) None of the above. If you are still employed at that company the year you turn 55 most 401k plans allow you to do penalty free withdrawals after you retire. If that does not work you can all roll the 401k money into an IRA then do penalty free SEPP withdrawals with just a few hoops to jump throu...
by Meaty
Tue May 21, 2019 10:34 am
Forum: Personal Investments
Topic: Retirement goal seems far away
Replies: 25
Views: 2053

Re: Retirement goal seems far away

So I looked at my numbers and it seems like my goal retirement number is about 10 years away. 10 years seems like a long time. What do bogleheads do to help keep 10 years in perspective. Make sure you take time to enjoy now. I’ve been guilty of this too but 10 years shouldn’t feel long because you ...
by Meaty
Mon May 20, 2019 4:35 pm
Forum: Personal Investments
Topic: Convince me that a 529 plan is a good idea.
Replies: 42
Views: 3267

Re: Convince me that a 529 plan is a good idea.

Hey all CnC here. I have made quite a few different threads about my savings and questions. But one thing I have never touched is a 529 plan and although I have read about them I'm still having a hard time seeing the benefits everyone here keeps talking about. Below is the short overview of my reti...
by Meaty
Mon May 20, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

This was my point in some earlier posts. Even though I kinda hit a lottery by cashing out $300k from company stock, my short answer of "no kids, no debts" quickly bored most people I told about my early retirement. Exactly. No one wants to hear about the routine choices and sacrifices you made that...
by Meaty
Mon May 20, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

This was my point in some earlier posts. Even though I kinda hit a lottery by cashing out $300k from company stock, my short answer of "no kids, no debts" quickly bored most people I told about my early retirement. Exactly. No one wants to hear about the routine choices and sacrifices you made that...
by Meaty
Sun May 19, 2019 12:11 pm
Forum: Personal Investments
Topic: why buy any bonds in your portfolio?
Replies: 24
Views: 3152

Re: why buy any bonds in your portfolio?

Apologies for the inflammatory title of the post. I can put my money in an online savings account and get a 2-2.5% APY which is backed by FDIC. Why take the risk and invest my money in bonds so I can potentially get an 2.8% APY. I don’t bother. I have 6 months E Fund in an online savings and everyt...
by Meaty
Wed May 15, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6771

Re: Do you reward yourself for achieving a financial goal?

At $1M invested my reward was a brand new Ford F-150 truck. I got there... didn't buy the truck. Then I said $2M... got there... couldn’t do it again. Long story short... I value my (retirement) time more than some dumb truck :) . Still driving my old car... maybe after my new goal (outright retire...
by Meaty
Tue May 14, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of inherited property 1099 S
Replies: 2
Views: 335

Sale of inherited property 1099 S

I’ll be receiving about $115,000 from the sale of inherited real estate. The value is based on an appraisal that was done shortly after the decedent passed so, with my stepped up basis, I should have no capital gain. The attorney facilitating the sale collected w-9 info; I presume so he could send a...
by Meaty
Tue May 14, 2019 5:26 am
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 23
Views: 1827

Re: Home warranty - is it worth the money?

They aren’t worth the paper they are printed on. Getting a claim paid is incredibly difficult
by Meaty
Sun May 12, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 7987

Re: Inherited ranch

Agree with many above; 20 years is unreasonable. Either they purchase it like any other buyer or have the property partitioned and sold to a 3rd party.
by Meaty
Thu May 09, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3033

Re: Vacant Lake Lot. Sell or Hold?

My wife and I own 105' lakefront frontage property 45 minutes outside a decent size city in Wisconsin. We bought back in 2007 and 2010, one original lot and then a half of another lot with a total cost of 118K. Current state. Things have changed. While we had initially planned to improve the lot an...
by Meaty
Thu May 09, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: All out of carrots [Looking for future advancement possibilities]
Replies: 22
Views: 2490

Re: All out of carrots [Looking for future advancement possibilities]

Greetings all, longtime lurker, thanks for the advice and entertainment along the way. I realize I’m fortunate to have the situation I have, GS15 equivalent position 10 yrs out of school and like what I do. Problem is My boss and his boss are also in the same band so I could get promoted twice with...
by Meaty
Thu May 09, 2019 7:14 am
Forum: Investing - Theory, News & General
Topic: 100% Equities AA
Replies: 13
Views: 1790

Re: 100% Equities AA

I would caution readers against choosing their asset allocation based on studies that model retirement using a withdrawal method that is most likely to result into an undesirable outcome. The constant inflation-indexed withdrawal model, often called Safe Withdrawal Rate (SWR), is risky and ineffici...
by Meaty
Wed May 08, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Job Offers, Relocation - Stuck & Need Advice
Replies: 18
Views: 2253

Re: 2 Job Offers, Relocation - Stuck & Need Advice

I'm struggling to make a decision and would appreciate the communities collective wisdom on my financial component as well as any perspectives or advice you have. Family: Myself (36y), Wife (36y), Son (6y) and Daughter (1y) Current Location & Context: We live in the San Jose CA area. I'm tired of t...
by Meaty
Mon May 06, 2019 8:15 pm
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 23
Views: 2134

Re: Has anyone invested in marijuana stocks?

An important place to start is asking what is the end goal behind your investing? Is it about building wealth or entertainment? The boglehead path is boring but is one of the most reliable ways to build wealth, speculation is way more fun but far less reliable as a wealth building tool. If you know...
by Meaty
Mon May 06, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Ideas ?
Replies: 19
Views: 2892

Re: Side Hustle Ideas ?

Have you considered not starting a side hustle? Personally, I keep wanting to start a side hustle but have found that it isn't realistic for me. My core job takes up most of my time My core job takes up most of my energy (an even scarcer resource) I can make more money by upgrading/doubling down on...
by Meaty
Sun May 05, 2019 6:57 pm
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 130
Views: 27472

Re: How and when did you do it - to get to 1 Million

Hello everyone, Have been learning a lot on the forum and have been trying to plan for the future (I'm in my mid 20s), starting out with a new job. For those in the two comma club and those that have "won the game," could you share how you got there? How much you put away, when, where, and how long...
by Meaty
Fri May 03, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea? [buy a condo to rent]

Thanks for all of the feedback. Given my goal is FIRE as early as possible, I’ll forgo this investment and stick with index funds. More than anything, I was just trying to find an alternative income source to help hedge against a lay-off that results in a materially lower salary What bank is giving...
by Meaty
Fri May 03, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea? [buy a condo to rent]

Thanks for all of the feedback. Given my goal is FIRE as early as possible, I’ll forgo this investment and stick with index funds. More than anything, I was just trying to find an alternative income source to help hedge against a lay-off that results in a materially lower salary
by Meaty
Fri May 03, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance for 33 year old
Replies: 4
Views: 590

Re: Disability insurance for 33 year old

Employee is male, residing and working (remotely) in Illinois. Employer is a startup based on the East Coast with LT disability options that only provide about $1K per month coverage at not very attractive premiums. Any recommended options on where to shop for more extensive coverage? 1k a month is...
by Meaty
Thu May 02, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea? [buy a condo to rent]

... between 400,000 to 500,000 with 20% down. My hope would be to rent it 30-35 weeks per year for an average weekly rate of $1500. These numbers were established by speaking with family in the area who have similar investments. The properties have onsite professional management (important because ...
by Meaty
Thu May 02, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 6018

Re: Giving two week's notice before stock options vest

I am leaving my current tech job to move to another tech job and am in an unfortunate position where the new company wants me to start ASAP, but i have options vesting at my current company the Wednesday before my new job starts (on a Monday). Details are: -my current job is in a “right to work” st...
by Meaty
Wed May 01, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea? [buy a condo to rent]

jebmke wrote:
Wed May 01, 2019 8:10 pm
One of the best days of my retirement was the day we sold our rental property.
Curios as to why? Headaches dealing with tenants? Was it a vacation rental?
by Meaty
Wed May 01, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea? [buy a condo to rent]

... between 400,000 to 500,000 with 20% down. My hope would be to rent it 30-35 weeks per year for an average weekly rate of $1500. These numbers were established by speaking with family in the area who have similar investments. The properties have onsite professional management (important because ...
by Meaty
Wed May 01, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Re: Dumb idea?

Keep indexing. I swear this exact same thing came up on the boards a month ago? Are you trying to make money or have a vacation rental? If A) Index funds will do better, if B) Just rent one when you need it Edit, two from a month ago: https://www.bogleheads.org/forum/viewtopic.php?t=275859 https://...
by Meaty
Wed May 01, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3436

Dumb idea? [buy a condo to rent]

I’m hoping the collective boglehead wisdom can determine if I’m contemplating an unwise decision. A little about me Him 35 Her 43 Total net worth = 1,000,000. 40% in primary residence, remaining 60% in taxable and tax deferred accounts Debt = 0 Gross annual income = 265,000 Annual savings = 150,000 ...
by Meaty
Tue Apr 30, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with Spouse or Separate?
Replies: 41
Views: 2469

Re: Mortgage with Spouse or Separate?

My spouse and I plan on purchasing our first house in the coming year. I've always just assumed that both of us would take out the mortgage, but now that I'm thinking about it further and reading on Bogleheads, I'm starting to question whether it might be better for just one of us to be on the mort...
by Meaty
Fri Apr 26, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage with Spouse or Separate?
Replies: 41
Views: 2469

Re: Mortgage with Spouse or Separate?

My spouse and I plan on purchasing our first house in the coming year. I've always just assumed that both of us would take out the mortgage, but now that I'm thinking about it further and reading on Bogleheads, I'm starting to question whether it might be better for just one of us to be on the mort...
by Meaty
Sun Apr 21, 2019 5:13 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4387

Re: Leave a job with a pension?

How much weight would an employer funded pension have on your decision to leave for another opportunity? My current company matches 4% on the 401k, with a fully funded pension with the following formula (years service X Top year earnings of last 5 X 1%). I am looking into an opportunity that is goi...
by Meaty
Fri Apr 19, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 3323

Re: The reality of borrowing from your 401k for home mortgage

RootSki wrote:
Fri Apr 19, 2019 7:06 am
Terrible idea. You're only 27. Rent for a few more years until you have a proper down payment.
+1
by Meaty
Tue Apr 16, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1116

Re: Best option for child inheritance

This sounds like it's an adult child inheritance you are wanting to distribute in part while still alive. Not knowing the rest of your situation, it's hard to be confident in a generic solution being good for you. But I'll still try: If you give the money now, the adult child may expand their spend...
by Meaty
Tue Apr 16, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Job choice: higher pay or more interesting work?
Replies: 14
Views: 1664

Re: Job choice: higher pay or more interesting work?

JTColton wrote:
Mon Apr 15, 2019 12:02 pm
Tamarind wrote:
Mon Apr 15, 2019 10:24 am
I have a choice to make and wondering how you all approach the risk trade-offs of job choice.

Current job: all work is at office.

Potential job: can work from home.
I would take a big risk for this type of work arrangement.
I work from home. Definitely worth it
by Meaty
Thu Apr 11, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9837

Re: How do 40 year olds decide what they can afford?

Nissanzx1 wrote:
Thu Apr 11, 2019 7:25 am
I’m 40, I only buy what I have the cash for. The only “Toy” I really really want is a larger retirement fund balance.

I’d consider dumping some mortgage debt. I think it’s time to get at least down to one mortgage.
I’m not 40, but this is spot on.
by Meaty
Tue Apr 02, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Home, Move = $ in Bonds to Equities?
Replies: 5
Views: 593

Re: Pay Off Home, Move = $ in Bonds to Equities?

I am considering paying off the final $225k on our home note (4.49%, 29 years remaining on 30 year) thanks to the amazing run up of the last few months. I ran across a Bogleheads post earlier that insists that this step should be followed by moving an equivalent amount in bonds over to equities. Gr...
by Meaty
Sat Mar 30, 2019 8:20 am
Forum: Personal Investments
Topic: Military Advice
Replies: 9
Views: 1240

Re: Military Advice

Hello All, I am in the military and have some related questions. I am 43, new to the Boglesphere, and will be retirement eligible in 6 years. The military pension starts at 50% of base pay and if I retire right at 20 years, I would see about 48K/year pretax. That has the potential to go up to 58K/y...
by Meaty
Tue Mar 26, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with debts and upcoming events, what are my options?
Replies: 51
Views: 4287

Re: Struggling with debts and upcoming events, what are my options?

Hi, Married with no kids (2 dogs though). Own our home. Currently we are living paycheck to paycheck and we have so many CC debts due to a lot of unforeseen repairs for our house that happened right after buying it. I am expecting that by May this year my husband will lose his job due to very speci...
by Meaty
Tue Mar 26, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7423

Re: Paid off mortgage!

fittan wrote:
Tue Mar 26, 2019 8:38 am
I finally paid off my mortgage today! First time in my life that I am completely debt free :) Thanks to everyone on this board who have been a great resource along the way.
Congrats! It’s a great feeling