Search found 53 matches

by lad
Sat Mar 12, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is now a good time to purchase property [New York City]
Replies: 28
Views: 6905

Re: Is now a good time to purchase property [New York City]

Streeteasy is the best site for buying New York City properties. Keep in mind, though, that the search parameters are only as good as the real estate broker inputting them. "Pied-a-terre allowed" is often case-by-case basis; very few co-op buildings will commit upfront to allowing them. There are li...
by lad
Sat Jan 02, 2016 5:29 am
Forum: Personal Investments
Topic: How to hedge against stock decline
Replies: 19
Views: 1886

Re: How to hedge against stock decline

Many employers forbid their employees from any kind of hedging against the company. Verify that your actions are allowed under both your company's policies as well as all relevant government regulations (e.g., policies against insider trading). ^^^^ This. In all of the companies I've worked for, yo...
by lad
Thu Dec 31, 2015 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 8227

Re: Buying a house with no money down

The bottom line is that there's no good option in high cost of living areas. I live in London now, where rents are very affordable compared to buying. Renting here in prime neighborhoods costs less than renting in NYC (where I moved from), but buying is at least 1.5 times more expensive. The choice ...
by lad
Thu Dec 24, 2015 8:26 am
Forum: Personal Finance (Not Investing)
Topic: dilemma over house division during legal separation
Replies: 98
Views: 11883

Re: dilemma over house division during legal separation

Sorry this is happening to you. You seem like a good, stand-up guy who wants the best for his kids. No one has brought up the other nearby townhouse you own. What's the deal with that? Is it rented? Do you still have a mortgage on it? Could a solution be to put your wife and kids in that house? Rent...
by lad
Wed Dec 23, 2015 2:48 pm
Forum: Personal Investments
Topic: Where to park $500K? How about VMLUX & Ally Savings?
Replies: 10
Views: 1874

Re: Where to park $500K? How about VMLUX & Ally Savings?

For what it's worth, I also just sold a home and went back to renting, and I put the majority of the proceeds in VMLUX. My timeframe is likely at least three years before needing to tap into the money. This is my interim, "good enough for now" solution. I'm in a new job, a new country on a theoretic...
by lad
Wed Dec 23, 2015 6:54 am
Forum: Investing - Theory, News & General
Topic: Part 2 of the perfect storm post, how to increase EXPECTED returns
Replies: 118
Views: 14036

Re: Part 2 of the perfect storm post, how to increase EXPECTED returns

Beyond the headache, what scares me about rental property is the uncertain tax situation. Maybe it's different in areas like California, where strict property tax caps protect owners, but every place I've ever owned has had property taxes that rise much faster than inflation. I've also never gotten ...
by lad
Sat Dec 19, 2015 6:34 am
Forum: Personal Finance (Not Investing)
Topic: For people with a MBA..when should I be looking to apply?
Replies: 30
Views: 2846

Re: For people with a MBA..when should I be looking to apply?

+1 to simplesimon, VCO, and Nathan Drake. I did my MBA early at a mid-tier school. I regret it. I would have gotten much more out of it with 3-5 years of work experience. I think I also would have chosen a different area, or possibly even a different degree entirely had I waited. I studied more of w...
by lad
Sat Dec 19, 2015 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 17286

Re: Can I Afford an $800k Home on $4K/month Take Home?

On the one hand, you talk about maintaining a frugal lifestyle. On the other hand, you mention a take home pay which equals your monthly expenses. Someone who spends 100% of their pay is usually not considered frugal. I'm not the OP, but it doesn't seem contradictory to me. Housing location has alw...
by lad
Fri Dec 18, 2015 7:20 pm
Forum: Personal Investments
Topic: Forced retirement advice needed
Replies: 38
Views: 4974

Re: Forced retirement advice needed

Is your husband being packaged out? Whether it's involuntary retirement or termination, executive severance packages are usually at least six months, and at that income level I'd expect a year. That could be a nice chunk of change to add to your nest egg. He may not be able to claim unemployment if ...
by lad
Fri Dec 18, 2015 6:39 pm
Forum: Investing - Theory, News & General
Topic: Do you reinvest your dividends/capital gains?
Replies: 76
Views: 11838

Re: Do you reinvest your dividends/capital gains?

Reinvest in tax-advantaged; take the check in taxable because for a combination of record-keeping simplicity and wash sale avoidance. Additionally, this year I became an expat in the UK with a long-term, possibly permanent time horizon. I was advised to keep all capital clearly separated from earnin...
by lad
Mon Mar 02, 2009 6:46 pm
Forum: Personal Investments
Topic: Will I ever have more than I put in?
Replies: 28
Views: 5812

I've always been conservative (40% stock/60% cash equivalent) for my age (28 ), but am moving all future investments to 100% cash. One of the Boglehead principles is to take sensible risk to achieve financial goals. Well, I've done some thinking, and with ~$340k in current savings (thank you, real e...
by lad
Tue Jan 27, 2009 9:48 pm
Forum: Personal Investments
Topic: complicated question re: 60-day IRA rule
Replies: 7
Views: 1426

Update: VG admitted their error, retroactively credited my account, and issued a revised 1099-R. But.... I'm not sure it's right! The original 1099-R showed: Box 1 $28,000 Box 2 $28,000 Box 2b Taxable Amount Not Determined Box 4 $2,800 withheld Box 7 Distribution code 2 (early distribution, exceptio...
by lad
Sat Jan 17, 2009 8:52 pm
Forum: Personal Investments
Topic: complicated question re: 60-day IRA rule
Replies: 7
Views: 1426

Yes, sorry, I want to avoid the 10% penalty and pay the taxes with my savings instead of money that was within the original IRA. I know what kind of taxes the conversion triggers and am prepared to pay them. :D If this turns out to be Vanguard's fault rather than my fault (i.e., they withheld the ta...
by lad
Sat Jan 17, 2009 5:59 pm
Forum: Personal Investments
Topic: complicated question re: 60-day IRA rule
Replies: 7
Views: 1426

complicated question re: 60-day IRA rule

Either I or Vanguard made a screw-up 60 days ago (11/17) ago on conversion from a Vanguard IRA to a Vanguard Roth IRA. 10% in taxes, or about $3,000, was erroneously withheld from my conversion and sent to Uncle Sam. I know I should have noticed, but with the stock market being so awful, a few thous...
by lad
Mon Nov 17, 2008 4:25 pm
Forum: Personal Investments
Topic: question re: converting 401(k) directly to Roth IRA
Replies: 1
Views: 637

question re: converting 401(k) directly to Roth IRA

I am switching jobs in two weeks and was thinking of rolling my existing 401(k) directly to a Roth IRA. I am just under the limit of being able to do this thanks to contributing the max to my 401(k) to reduce my taxable income. [Note: I realize that most calculators tell me not to do the conversion ...
by lad
Sat Aug 02, 2008 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman
Replies: 47
Views: 9548

Suze's show is geared toward regular folk, and I personally think she does a great job conveying sound financial principles to her target audience. This board is filled with people who have much more financial knowledge and interest than your average Suze viewer, so of course some here will find tha...
by lad
Tue Jun 24, 2008 10:42 pm
Forum: Personal Investments
Topic: Invest emergency/downpayment fund in market?
Replies: 13
Views: 2579

My partner and I are in a very similar boat. My only piece of advice is to run the numbers for renting versus owning. I am stunned at how much better a deal renting is, at least for our situation. The co-op/condo fees are a killer, and if you go to the burbs, the taxes are :shock:. It's amazing how ...
by lad
Fri Jun 20, 2008 10:14 am
Forum: Personal Investments
Topic: Home ownership to renting -- where to stash the cash?
Replies: 2
Views: 1004

Re: Home ownership to renting -- where to stash the cash?

There was a similar thread here: http://www.bogleheads.org/forum/viewtopic.php?t=19135 I sold a house last year and moved to a metro area where renting is significantly cheaper than owning. Initially, I put the proceeds from the house ($200k in my case) into short-term CDs, but rates were 5+% back t...
by lad
Thu Jun 19, 2008 10:25 am
Forum: Personal Investments
Topic: how to account for ESOP in asset allocation?
Replies: 1
Views: 840

how to account for ESOP in asset allocation?

The small, privately held company I used to work for became a leveraged ESOP when one of the partners retired. In place of 401(k) contributions, we would get annual ESOP contributions, which vest according to a five-year schedule. (20% per full calendar year of work.) The catch is that, unlike 401(k...
by lad
Sat Jun 14, 2008 7:34 pm
Forum: Personal Investments
Topic: Saving for a house
Replies: 29
Views: 6001

Great thread! My situation is a bit different since I already owned a house and went back to renting when I moved, but I have a lot of the same questions. I'd be curious to see if the answers change for my situation. A year ago this month, I sold my house and moved to a city where it makes much more...
by lad
Thu Apr 10, 2008 10:23 pm
Forum: Personal Investments
Topic: New 401k plans by Fidelity coming to my company
Replies: 1
Views: 852

I'm almost positive it's the former. My company does a full match to 3% and a 50% match to 5% -- which means if you put in 5%, you get 4% total. Oddly, the language in our company manual is awful and clearly but wrongly indicates that you get nothing if you put in less than 5%. I've encouraged them ...
by lad
Mon Feb 11, 2008 12:12 pm
Forum: Personal Investments
Topic: Calculating Cost Basis: Broker's Job or Mine?
Replies: 12
Views: 3051

Yeah. I had some mutual funds that were gifted to me as a child. When I went to sell them an adult, I had literally no cost basis information. I had to pay $30/hour plus $2 per photocopied page for someone to dig up the records. Even then, they were incomplete, very hard to read, and apparently kept...
by lad
Sat Feb 02, 2008 10:07 pm
Forum: Personal Investments
Topic: Preperation in case of layoff
Replies: 39
Views: 9744

Sounds like a lawsuit waiting to happen. Yup. Not to mention, I'd instantly understand why someone left a job if their HR person called them a "wench," so the intended negative reference would end up being a positive. Better -- and far classier -- to say your policy is just to confirm dates of empl...
by lad
Sat Feb 02, 2008 12:21 pm
Forum: Personal Investments
Topic: Preperation in case of layoff
Replies: 39
Views: 9744

Re: health care

If you have decent health insurance and it will be leaving when (if) you leave the job, I'd get a physical, any medical procedures you'd put off, max out your prescriptions to the extent insurance lets you. I'd skip the physical and any medical tests, actually. If they turn up anything even potenti...
by lad
Wed Jan 23, 2008 11:39 pm
Forum: Investing - Theory, News & General
Topic: WHEN TO GET INTO THE MARKET AGAIN
Replies: 40
Views: 10072

Re: In response......

People playing the bounce on stocks are gambling, plain and simple. I'll confess, I've done it. I've made money on it. But I've also gone wrong and sat for months with a pit in my stomach as I fear the stock I bought going bankrupt. Usually, I'd sell as soon as the loss got to a point where I could ...
by lad
Wed Jan 23, 2008 4:29 pm
Forum: Investing - Theory, News & General
Topic: Heavy buying activity on Financials today
Replies: 12
Views: 2956

I was too heavily weighted in financials (from before I discovered this board) and SOLD a lot today. If financials go up another 8% tomorrow, oh well.... it's a risk management decision for me. For awhile, I've held high-yielding stocks like BAC as what I thought were alternatives to CDs, but the re...
by lad
Wed Jan 23, 2008 1:34 pm
Forum: Personal Investments
Topic: Interest-only mortgage?
Replies: 23
Views: 4231

Nearly all interest-only loans are ARMs. Are you talking about an interest-only loan that becomes fixed after the interest-only period? There is no reason to do an ARM with interest rates as low as they are. Keep in mind many interest-only loans also have prohibitive clauses in them specifying that ...
by lad
Fri Jan 18, 2008 10:38 pm
Forum: Personal Investments
Topic: Rent or Buy House ?
Replies: 14
Views: 2875

Seems to me your big fear is not being able to afford a house in your retirement destination. How sure are you of this destination? Would the house serve as an appropriate vacation home in the interim? Would the maintenance costs on it be reasonable? You can see where I'm going with this.... If you'...
by lad
Fri Jan 18, 2008 11:38 am
Forum: Personal Investments
Topic: VG NY MM Tax-Exempt fund now lower yield than savings
Replies: 6
Views: 1601

Even after factoring in state and local taxes, too?

Me, I'm right on the bubble for a Roth IRA in 2008, and if I put my cash (substantial at this point) into an ordinary high-yield savings/MM account, the interest income would definitely push me over the limit.
by lad
Thu Jan 17, 2008 7:48 pm
Forum: Investing - Theory, News & General
Topic: looks like the bulk of the subprime loans will reset in 2008
Replies: 5
Views: 1575

Probably dumb questions, but.... Given that most ARMs are not taken out by subprime buyers, shouldn't banks be taking in more revenue from the vast majority of ARM holders who are not subprime and now will have to pay a higher interest rate? And/or rapid refinancing from this crowd? Are there any pl...
by lad
Thu Jan 17, 2008 2:41 pm
Forum: Investing - Theory, News & General
Topic: Article: 401(k)s are for suckers
Replies: 36
Views: 7192

Ditto here. I live in the NYC area, am a year older than the author, also have a liberal arts/humanities degree, and have managed to sock away a six-figure sum for retirement. It has taken a lot of sacrifice and discipline to do so, though I have managed to also enjoy the present. My concern is, fra...
by lad
Wed Jan 16, 2008 3:57 pm
Forum: Personal Investments
Topic: Sell a house, invest profits, finance new home?
Replies: 4
Views: 1557

Re: Sell a house, invest profits, finance new home?

For a married person, the standard deduction is $10,700. Divide by the interest rate and he has to carry a mortgage well above $200k (and below jumbo rates) to make that part truly worth his while. That's assuming no state and local taxes and no other deductions, right? When I bought my former hous...
by lad
Tue Jan 15, 2008 5:03 pm
Forum: Investing - Theory, News & General
Topic: Recession? I have to park a quarter mile away at Wal Mart
Replies: 33
Views: 6436

I'm exposed to a lot of consumer data in my job, and one of the things we're presently investigating is a possible trade-down phenomena. In other words, are consumers trading down to discount stores or channels with cheaper prices? We don't have any findings yet (and I couldn't share them even if I ...
by lad
Tue Jan 15, 2008 11:10 am
Forum: Personal Investments
Topic: 401k Debit Card - Spend your future away!
Replies: 11
Views: 2752

Well, I don't think stupidity is restricted to the overweight and smokers, but otherwise I agree with Wagnerjb. Ultimately, the responsible will be forced to pay the penalty for this. Un-freakin-believable.
by lad
Mon Jan 14, 2008 3:22 pm
Forum: Personal Investments
Topic: Do you think I should refinance?
Replies: 15
Views: 3378

If prices are falling the way you described with more negative momentum on the horizon, I'd refinance now. The houses that are lingering on the market for $225k may start selling at $200k or even $190k, in which case you may find yourself struggling to qualify for even the $148k loan without paying ...
by lad
Mon Jan 14, 2008 1:30 pm
Forum: Personal Investments
Topic: Making the switch, part 2
Replies: 9
Views: 2464

Re: Making the switch, part 2

I would not trust any financial advisor who sold you loaded mutual funds. Plain and simple. I am sure the advisor will be making money somehow. Does/would she charge you a wrap fee? Moving funds that you paid loads on into a wrap account will give her the best of both worlds. She collected heavy loa...
by lad
Mon Jan 14, 2008 12:35 pm
Forum: Personal Investments
Topic: Real Estate Dilemma
Replies: 11
Views: 2711

Re: Real Estate Dilemma

As with all real estate, make sure to factor in closing costs of buying and selling. Realtor commissions, transfer taxes, mortgage origination and recording fees, etc. Between selling and buying, you're probably looking at spending at minimum $50k. (Could be more depending on the transfer tax rates....
by lad
Mon Jan 14, 2008 11:59 am
Forum: Personal Investments
Topic: NEWBIE: I'm looking for a really good Finacial Advisor
Replies: 16
Views: 3871

I'd very hesitant about working with a financial advisor. I spent three years with one and succeeded in losing a ton of money in fees for investments that often woefully underperformed the market. As others have said, I'd forget the financial advisor and manage your money yourself. You can get bette...
by lad
Sat Jan 12, 2008 9:06 am
Forum: Investing - Theory, News & General
Topic: How did you feel when 15K you contributed into 401K was gone
Replies: 26
Views: 5820

During the tech implosion, my monthly contributions to my 401k were outpaced by my losses. Me too -- and I was just out of school, barely making ends meet, and furious that this thing everyone told me I "had" to do was losing money quarter after quarter! Fast forward several years. That 401k is the...
by lad
Fri Jan 11, 2008 10:05 pm
Forum: Investing - Theory, News & General
Topic: Is this the right "time?"
Replies: 53
Views: 20083

Re: Is this the right "time?"

Has attempted market timing with regard to CDs/MMFs really been shown to have the same ill effects? I admit to market timing there. If interest rates are forecasted to fall, I tend to lock in at a CD rate I'd be happy with; if not, I keep the money in a MMF. Seems to me that the potential downside t...
by lad
Fri Jan 11, 2008 11:15 am
Forum: Investing - Theory, News & General
Topic: Even pros get the Traditional vs Roth 401k debate wrong (?)
Replies: 19
Views: 4064

Pennsylvania taxed the money I put into my 401k and would have taxed regular IRA contributions, too. You get to withdraw state tax-free.... if you're still living there! Is Pennsylvania the only state that taxes 401k and IRA contributions?
by lad
Thu Jan 10, 2008 6:01 pm
Forum: Investing - Theory, News & General
Topic: Even pros get the Traditional vs Roth 401k debate wrong (?)
Replies: 19
Views: 4064

Do you think it's at all likely, though, that gov't would subject Roth IRAs/Roth 401k's to double taxation? It seems extremely far-fetched to me, but maybe I'm wrong....
by lad
Thu Jan 10, 2008 5:02 pm
Forum: Investing - Theory, News & General
Topic: Even pros get the Traditional vs Roth 401k debate wrong (?)
Replies: 19
Views: 4064

Who knows what taxes will be 40 years from now? Or even 10 years from now? I don't have a Roth 401(k) option available to me, but I'd take it if were available only because it's a sure bet. Pay the tax; never be taxed again. Far less need to worry about politics torpedoing your retirement plan.
by lad
Wed Jan 09, 2008 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any legitimate ways to make money from home?
Replies: 45
Views: 11901

Re: transcription, also try market research agencies. Many of them need consumer interviews and/or focus groups transcribed. Standard rates are around $45 per 30-minute interview. (Tape length 30-minutes.) Almost everything is done digitally these days, so you don't even need to be local. Speaking o...
by lad
Wed Jan 09, 2008 11:15 am
Forum: Personal Investments
Topic: Should I buy a house?
Replies: 41
Views: 8315

Consider also home maintenance. And, if you live in a house for 15 years, chances are you're going to have to do some pretty significant renovations to make it sale-able again. Probably in the neighborhood of $30-50k in today's dollars. Consider also the heavy liabilities of selling. 6% realtor's co...
by lad
Tue Jan 08, 2008 4:44 pm
Forum: Investing - Theory, News & General
Topic: How do I tune out the noise from other people?
Replies: 52
Views: 10665

If it's your money, who cares? Seriously. :lol: If you want to throw in a little parting shot, I'd say something like, "well, I hope you considered the tax consequences of that move." Or, if you want to be a bit more :twisted:, say "it's a little late to get out, don't you think? I sold the bulk of ...
by lad
Tue Jan 08, 2008 1:42 pm
Forum: Personal Investments
Topic: 401(k) Specific Funds with higher E/R
Replies: 5
Views: 1783

I'm in the same boat and trying to get my company to switch to Fidelity. We're a small company (10 employees) with a low-asset 401(k) -- about $70k. I wasn't even sure Fidelity would deal with a company this small, but the rep I've been dealing with is super-nice and low-pressure. If you're unsucces...
by lad
Mon Jan 07, 2008 8:45 pm
Forum: Personal Investments
Topic: How much home can I afford?
Replies: 20
Views: 4961

Wow, good luck doing that in most areas of California. California is one of many areas where the rent-to-own ratio is still majorly out of whack. Just sit back, rent, invest all of your extra cash, earn money on your would-be down payment, and wait for when prices come back to reality. My s.o.'s pa...
by lad
Sun Jan 06, 2008 3:44 pm
Forum: Personal Investments
Topic: Conventional Wisdom when at salary limit for Roth?
Replies: 3
Views: 1116

I have a similar question. Investment income is almost certainly going to push me over the limit for 2008. I had a windfall of cash in 2007 that I'm too jittery to invest at the moment, and thus it's earning a significant amount of taxable interest in laddered short-term CDs and a high-yield savings...
by lad
Sat Jan 05, 2008 7:45 pm
Forum: Investing - Theory, News & General
Topic: What a difference a week makes!
Replies: 54
Views: 10527

Thanks tc101, I am in it for the long run, so I think I'll take a deep breath and not look for a few days. I'd say take a deep breath and don't look for a few months . Seriously. Back when I first started working, I was diligent and contributed 10% of my salary (the max) into my company's 401(k). B...