Search found 50 matches

by Garthilk
Sun Aug 26, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Odyssey Ex-L - new or certified used?
Replies: 35
Views: 3060

Re: Honda Odyssey Ex-L - new or certified used?

I like the Honda Odyssey so much more than the Sienna. The Sienna platform is more than a decade old. It fails the latest crash tests and feels ancient compared to the competition. As for transmission stick with the Honda 10 speed in the Odyssey. The 9 speed isn’t the best. So that means pick up a t...
by Garthilk
Sat Aug 11, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 2018/19 Honda Odyssey - which trim level?
Replies: 15
Views: 1409

Re: 2018/19 Honda Odyssey - which trim level?

The only thing I like about the touring edition is the 10 speed transmission which is actually made by Honda. It's the version I purchased.
by Garthilk
Sat May 05, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage -- need to keep loan documents ?
Replies: 2
Views: 491

Re: Mortgage -- need to keep loan documents ?

Great question. I am going to be getting my payoff paperwork this week. I was wondering the same thing.
by Garthilk
Wed Jan 24, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking through Paying Down the Mortgage
Replies: 58
Views: 5689

Re: Thinking through Paying Down the Mortgage

With the recent tax changes, I can no longer use SALT deductions, which for myself means that the boost given by the mortgage interest write off goes away. My mortgage is around 3.79%. Ultimately I decided to pay off the mortgage, free up cash flow and will have my mortgage paid off in 4 months. I'l...
by Garthilk
Sat Nov 18, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2509

Re: Looking to payoff mortgage

Congrats on the accomplishment. Check back in a few months and tell us how has the pressure of having a house payment lifted feels.
by Garthilk
Fri Sep 29, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 15712

Re: Any "average Joe" here actually make out well with individual stocks?

About 40% of my portfolio is in an after tax account which I select individual stocks. The focus is on dividend growth stocks, with occasional off strategy purchases. Examples, of doing well, would be buying BAC starting at 8 with Warren and averaging down to 5. Same for C. Buying dividend growth st...
by Garthilk
Sat Aug 05, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 130806

Re: A poll: How much money do you want to retire?

I'm 39 and I want 2.6 million achieved by between 55-60. Not counting on SS, would like income around 100k ideally and plan for expenses of 80k.
by Garthilk
Sun Jul 16, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 97
Views: 12344

Re: california homeowners - do you have earthquake insurance?

I live in CA and do NOT have earthquake insurance.
by Garthilk
Fri May 05, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 13734

Re: Are we all forgetting our taxable accounts?

Hmm, I haven't forgotten my taxable account. In fact, 66% of my retirement savings goes to a taxable account. I max out my 401k. I'm ineligible for an IRA and then 20% of my AGI goes into a taxable account. I wish there was a way to avoid paying taxes on that savings, but I don't know what else to do.
by Garthilk
Wed Apr 19, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Recast vs. Investing vs. ??
Replies: 14
Views: 2300

Re: Mortgage Recast vs. Investing vs. ??

Does the mortgage have PMI?
by Garthilk
Tue Apr 04, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 234
Views: 30635

Re: Social Security for Millennials

By some technicality (born in 78) I'm a Gen X'er but I have similar concerns as Millennials. (Where'd Gen Y go?)

Personally, I'm planning on getting nothing from SS in 29 years. I suspect it will be around in some form, but I don't plan on it.
by Garthilk
Thu Mar 23, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 9297

Re: Recommended emergency fund for middle class households: $13,800

I am always confused by the people that have a year or more in emergency funds. Like, if you take home 80k a year, having multiple years in cash seems like you are extremely wealthy or very close to retirement. I always viewed my highly liquid taxable investments as my emergency fund. Having a sepa...
by Garthilk
Thu Mar 23, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 9297

Re: Recommended emergency fund for middle class households: $13,800

I am always confused by the people that have a year or more in emergency funds. Like, if you take home 80k a year, having multiple years in cash seems like you are extremely wealthy or very close to retirement. I always viewed my highly liquid taxable investments as my emergency fund. Having a separ...
by Garthilk
Mon Jan 23, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Medicaid and Nursing Home Admissions/Patient Management
Replies: 16
Views: 2043

Re: Questions about Medicaid and Nursing Home Admissions/Patient Management

Can the facility, in fact, boot them out (perhaps under the guise of saying their care needs can no longer be adequately met, or something) so they can replace them with a private pay on the admissions waiting list? The short answer is "Yes", I've seen this happen. Though, the facility probably isn...
by Garthilk
Sun Jan 22, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Medicaid and Nursing Home Admissions/Patient Management
Replies: 16
Views: 2043

Re: Questions about Medicaid and Nursing Home Admissions/Patient Management

In reference to this post, I am specifically talking about custodial long term care skilled nursing beds. I am not discussing skilled nursing facility beds related to short term rehabilitation. 1) Is it true that the nursing home has or can have a fixed number of beds set aside for Medicaid-pay pati...
by Garthilk
Mon Jan 09, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 12819

Re: McDonald's Stock

I reinvest my dividends right back into the company (I buy food). In terms of buying MCD, I tend to buy MCD whenever its yield approaches its historical highs. It's a rarity in MCD's significant decades long dividend history to have a yield >3.6%. Whenever it is, I buy. I also sell when the valuatio...
by Garthilk
Mon Oct 24, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: California Paid Paternity Help
Replies: 3
Views: 752

Re: California Paid Paternity Help

Has anyone navigated this process to maximize the possible benefits (which I pay into) of our state's program while also using a generous employer benefit? I have taken PFL while bonding with my children in California and am also a high income earner. While PLF compensates up to 55% if you are high...
by Garthilk
Tue Oct 18, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: WSJ - The Dying Business of Picking Stocks
Replies: 38
Views: 7602

Re: WSJ - The Dying Business of Picking Stocks

skarp wrote:Excerpted: "if all investment becomes passive, i.e. no one makes a decision about the future of a company, then how would stocks ever rise or fall? Only in the case of an acquisition or bankruptcy?"
I think this is a thought experiment that needs to be conducted.
by Garthilk
Sun Jul 10, 2016 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my rental and pay down primary mortgage
Replies: 17
Views: 2290

Re: Should I sell my rental and pay down primary mortgage

If you don't like dealing with tenants, perhaps you should get a property management company to help. Reducing your positive cash flow slightly but offloading the customer service issues, allowing you to focus strictly on real maintenance issues, finding new renters, advertising, etc. That said, if ...
by Garthilk
Sat Jul 09, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 5659

Re: Building a (taxable) Bridge to Retirement

To OP,

I too am ineligible for Roth, max out my 401k/403b and contribute more than 70% of my yearly retirement contributions into a taxable investing account.

I have no advice to offer, in my single income household, my options for tax deferred savings are very limited.
by Garthilk
Wed Jun 01, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental, Accept Offer Before Hits Market?
Replies: 16
Views: 2009

Re: Selling Rental, Accept Offer Before Hits Market?

Kosmo wrote:So what actually was updated? The things you didn't do are the big dollar signs that potential buyers are seeing that they'll have to spend.
Sorry, typo (now corrected), I put on new roof, stucco, dual pane windows, added central heat/air. But has original kitchen/bath.
by Garthilk
Wed Jun 01, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental, Accept Offer Before Hits Market?
Replies: 16
Views: 2009

Selling Rental, Accept Offer Before Hits Market?

Long story short, I kept my underwater rental when I should have cut it loose years ago . The good news is, I can finally sell it for more than the purchase price and more than I owe. According to Zillow and a realtor I've engaged with my home is now worth more than I owe. Currently owe 163k, purcha...
by Garthilk
Fri May 27, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is Real Estate Market going crazy again?
Replies: 101
Views: 14859

Re: Is Real Estate Market going crazy again?

I don't know if its going crazy, but in one of the hardest hit areas of California (in terms of housing crisis) my previously underwater rental is back to break even and I plan listing it in the next few weeks.
by Garthilk
Fri May 27, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: Do I want a house with a pool?
Replies: 96
Views: 11029

Re: Do I want a house with a pool?

I've been toying with the idea of adding a pool. I think I've subconsciously convinced that its part of a conspiracy to keep my kids at home as they get ready to hit the tweens and be the "hang out" house for their peers.
by Garthilk
Wed Apr 06, 2016 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO differences
Replies: 5
Views: 1132

Re: HDHP vs PPO differences

The biggest differences I've found in HDHP's and PPO's is lies in their skilled nursing benefits (SNF), acute rehab benefits, home health benefits (HH), and durable medical equipment (DME) coverage. With many HDHP covering what are considered BASE DME, rather that the list of truly most commonly nee...
by Garthilk
Tue Apr 05, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property ?s
Replies: 19
Views: 3134

Re: Selling Rental Property ?s

I'm not a CPA but am in the process of something similar.

1) The answer would be that the original purchase price is your cost basis.

2) The losses you can use to offset other capital gains. But will otherwise have to continue to roll over the losses if you have been.
by Garthilk
Fri Apr 01, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Your first $100k
Replies: 52
Views: 11288

Re: Your first $100k

First 100k was around 35 years old, currently around 150k at 37. Unfortunately I didn't contribute like I should have and can't catch up for early retirement.
by Garthilk
Tue Mar 08, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge - Good for trading?
Replies: 34
Views: 4609

Re: Merrill Edge - Good for trading?

I use Merrill exclusively and have saved hundreds of dollars in commission free trades for maintaining my balance over the years. Well worth it.
by Garthilk
Wed Mar 02, 2016 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Anyone sell a timeshare?
Replies: 22
Views: 4009

Re: Anyone sell a timeshare?

Been contemplating selling my timeshare as well. Likely at a considerable profit. 20% seems very high to me. I've found some that will do it for 10%. I'd keep looking.
by Garthilk
Thu Jan 21, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing a 2.75% Mortgage Rate?
Replies: 16
Views: 4362

Re: Refinancing a 2.75% Mortgage Rate?

mhc wrote:If you went with a 15 year loan, could you pay off the loan before the kids get to college and then cash flow their college? That would be better than a 30 year mortgage and 529's.
You just described my savings plan, pay off mortgage and use cashflow for college.
by Garthilk
Fri Dec 11, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For An Emergency Fund?
Replies: 24
Views: 2612

Re: Budgeting For An Emergency Fund?

I'm confused. Are you saying that you make enough to currently max the 401k, pay your debts and other expenses, and you still have some money left that you invest in a taxable account? How much is in the taxable account and what are they invested in? Or are you saying that in order to have money le...
by Garthilk
Fri Dec 11, 2015 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For An Emergency Fund?
Replies: 24
Views: 2612

Re: Budgeting For An Emergency Fund?

Your taxable account is your EF. Whether you invest your EF conservatively or not is up to you. If the AA is aggressive, I would suggest making the EF twice as big as you would for a conservative AA. (I do that.) The even if the market drops 50%, you have "enough". This is another way of looking at...
by Garthilk
Thu Dec 10, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For An Emergency Fund?
Replies: 24
Views: 2612

Re: Budgeting For An Emergency Fund?

Yeah let me clarify, By post tax, I mean taxable investing account. I don't qualify for Roth due to income limits. The only debts I have are: Home @ 3.75% Rental @ 5.6% (potential sale 1-2 years) Car @ 1% In a way I could use the funds from the rental next year to fund a 2 month emergency fund, some...
by Garthilk
Thu Dec 10, 2015 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For An Emergency Fund?
Replies: 24
Views: 2612

Budgeting For An Emergency Fund?

Is there any point at which you don't bother funding an emergency fund? I've found myself struggling to do so. Admittedly, I've found the allure of maxing out my 401k and after tax investing far more fun and alluring than building an emergency fund. If I stop contributing to my 401k and post tax ret...
by Garthilk
Sat Aug 15, 2015 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 94
Views: 16166

Re: Late starters: what age did you start investing?

I started when I was around 35. To be honest, I think I am still in denial about my cost of living when I retire whether by choice or by health. I am pretty sure it is going to be pretty scary what a change in lifestyle it is going to be. Even now, I think I'm riding too high on the hog but with two...
by Garthilk
Wed Jun 24, 2015 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a nurse?
Replies: 71
Views: 12694

Re: Should my husband become a nurse?

Here's what I did before I went to nursing school. I made a list of major professions that could make 100k a year. Filtered that list of professions that would see continued job growth for the next few decades. I added a column for how long it would take in terms of education to make that 100k after...
by Garthilk
Fri Aug 15, 2014 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 10888

Re: Fear of Disclosing Net Worth

To OP,

I've got no fear of disclosing my net worth. My paycheck to paycheck lifestyle and net worth less than zero.
Yes, but people living paycheck to paycheck don't have 780 and higher credit scores.
I'm one of those paycheck to paycheck people that have a score 780 and higher. :(
by Garthilk
Wed Jul 02, 2014 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard - How America Saves 2014
Replies: 16
Views: 3918

Re: Vanguard - How America Saves 2014

I downloaded the article. I have also read Fidelity's similar articles. Per Vanguard, for a 35 year old, I've got what "average 45 year olds" have set aside already, but at the same time, I can't help but feel woefully, impossibility behind the 8 ball in terms of saving for retirement. I think my ma...
by Garthilk
Mon Jun 30, 2014 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

I read this with interest because my DH has a condo that is underwater. The rent pays for the mortgage plus condo fees, so that is a wash, and it helps on taxes, so that is one benefit. Mostly I was just reading to convince myself the situation isn't a total disaster. The condo is probably about $7...
by Garthilk
Mon Jun 30, 2014 8:33 am
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

hand, 1) Maintance has been 5k in 5 years with initial outlay of about 8k to get the place ready. No HOA and there's never been a vacancy for a period greater than 30 days. Only have had two renters in the last 5 years. 2) 345 goes to principal every month. Essentially the out of pocket that I put f...
by Garthilk
Sun Jun 29, 2014 10:52 pm
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 115
Views: 12911

Re: Retired Bogleheads want to relocate to California

You may want to consider a lot or land and build your own. You may find something more to your liking in both price and location with a home to suit.
by Garthilk
Sun Jun 29, 2014 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

Thanks for the reply folks. dm200, 1) I can probably increase the price as I haven't touched it in 5 years and can support a higher price undoubtedly. 2) I believe the housing will continue to improve in the next 1-3 years consistently provided no large scale recession. Inland California low housing...
by Garthilk
Sun Jun 29, 2014 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

Regarding the above, My MAGI is above the threshold for the 25k passive loss, so much it has reduced my passive loss allowance to zero. This allows me to roll over my losses to a time which I would make a profit theoretically. My Tax rate is 27% State/Fed combined, expecting it to go up a little bit...
by Garthilk
Sat Jun 28, 2014 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 15309

Re: Who do you talk with about your financial goals?

No one, barely even my spouse to be honest. She's of the mind that we're young and have enough saved 35 (130k 401k) and that things always work out and god has a plan.
by Garthilk
Sat Jun 28, 2014 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

Twins Fan, Thanks for the feedback. I get the feeling that it's not a sinking rapidly ship, but it's not exactly floating either. To be honest, I don't do my taxes, I probably should, but from my conversations with the tax guy, I get the feeling I'm damn near breaking even, if I ever sell the place,...
by Garthilk
Sat Jun 28, 2014 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

Re: What To Do With Underwater Rental

1) My payments include my taxes and insurance. But still you are right, there's been about $4500 in maintenance in the last 5 years. 2) Credit is 770+ and I could use that $445 a month towards an emergency fund (I don't have one). When I moved out of the rental I purchased my primary residence. Only...
by Garthilk
Sat Jun 28, 2014 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 3553

What To Do With Underwater Rental

Problem 1) Long story short, I have a underwater rental in California. Currently owe 170,000 at 5.875% with 20 years remaining. Payment is $1373. The Market is up and Zillow puts the value at 161,571. Rent is $925 after management fee, putting me out of pocket about $445. To be honest with myself, I...
by Garthilk
Tue Jun 24, 2014 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 94
Views: 16166

Re: Late starters: what age did you start investing?

Started saving for retirement and investing in 2012 at 34 years of age. :oops:
by Garthilk
Tue Jun 24, 2014 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 8960

Re: Is Medical School Worth it Financially?

Just to add fuel to the fire, consider a 2 year registered nursing degree and northern California wages for an RN. Starting at 40-50$ an hour after obtaining your associates.