Search found 593 matches

by Cmpliance
Mon May 27, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate your savings?
Replies: 8
Views: 779

How do you calculate your savings?

I'm trying to get a baseline of how much I save a year of my income. Do you just take your gross or is it going to be based off of after tax/benefits income? For example: 100K gross, $50K expenses = 50% savings ($50K/$100K) or 100K gross, but take home after tax/benefits its $70K, $50K expenses = 28...
by Cmpliance
Mon May 27, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Life Insurance Policy
Replies: 4
Views: 328

Calculating Life Insurance Policy

Both wife and I are in our early 30s with a newborn and we are trying to get a life insurance policy in place. Household income is $260K/year at the moment and the wife is stay-at-home mother for now. We do plan to have a second kid in the future. - With that said, should we do term and/or whole lif...
by Cmpliance
Sun May 26, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Re: Peer Review - Current Financials and Plan

Wow the Bay area is another world. I would just consider what I'm getting in the new home that "needs renovations". And I suppose it also depends on how far that + goes above 1.5 million in what you ultimately get. I know you said the plan is to stay in the Bay area, but another consideration is th...
by Cmpliance
Sun May 26, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Re: Peer Review - Current Financials and Plan

Dottie57 wrote:
Sun May 26, 2019 3:28 pm
Are you planning on staying in Bay area for the long term?
Yes, plan is to stay in the Bay Area.
by Cmpliance
Sun May 26, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Re: Peer Review - Current Financials and Plan

I agree. A lot of home equity. Compared to retirement. Do you mind telling us where you live? Also what do you mean by decent home? Sqfeet, bedroom bathroom Also current salarywhich must be very good. Also give a fuller picure of investments in the format suggested above. Live in the Bay area. $1.5...
by Cmpliance
Sun May 26, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Re: Peer Review - Current Financials and Plan

EnjoyIt wrote:
Sun May 26, 2019 10:54 am
You can also put $6000 in a spouse lRA.

I also agree you are too heavily invested into one asset. You're home. You need more diversified liquid investments.
I have 2x on the IRA as you mentioned already. Current plan has $31K into retirement/year
by Cmpliance
Sun May 26, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Re: Peer Review - Current Financials and Plan

There will be differences of opinion on this but I think you are putting too much priority on paying off your mortgage over investing. Since only one spouse is eligible for a 401K put at least an additional $19K/year into a taxable investing account in lieu of a retirement account at a minimum. Ver...
by Cmpliance
Sun May 26, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Peer Review - Current Financials and Plan
Replies: 13
Views: 1057

Peer Review - Current Financials and Plan

Would appreciate some peer feedback on current financials in this stage of life and where I may need to change focus. At the moment, all cash and savings get put into high interest savings account (2.5%) as we will be looking to upgrade our house in the coming years. Would also appreciate feedback a...
by Cmpliance
Sat May 25, 2019 3:00 pm
Forum: Personal Investments
Topic: $200K+, invest or leave it?
Replies: 10
Views: 1771

Re: $200K+, invest or leave it?

Do you own the house you live in now and have a mortgage? If so just save your down payment fund by paying down the current mortgage. Guaranteed return of your after-tax interest rate, and you get your money out when you sell your current house. I could pay off the house right now, but at the sacri...
by Cmpliance
Sat May 25, 2019 11:34 am
Forum: Personal Investments
Topic: $200K+, invest or leave it?
Replies: 10
Views: 1771

Re: $200K+, invest or leave it?

If you are looking for a $1 million house, that is probably the number you need (+ some more for start-up costs, etc.). Then I would consider some short-term bonds at most. If you are looking at a $500k home, then you have some extra that could be invested in total stock market, for instance. Looki...
by Cmpliance
Sat May 25, 2019 10:49 am
Forum: Personal Investments
Topic: $200K+, invest or leave it?
Replies: 10
Views: 1771

$200K+, invest or leave it?

Wife and I are looking to buy a house in 2-3 years. After our maxing retirement, we've taken the additional monthly savings and just fed it into a high interest savings account. We have accumulated over $200K for now and wondering if we should leave it as is or invest it (likely just a MF tracking t...
by Cmpliance
Sat May 25, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1680

Re: Finance depreciating asset?

stevekozak2 wrote:
Fri May 24, 2019 6:28 am
I am against financing depreciating assets, but am very curious as to what $100,000 car you are wanting to buy. :?:
At the moment, its between a gated V10 R8 or a GT4
by Cmpliance
Mon May 20, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1680

Re: Finance depreciating asset?

You're doing an apples to oranges comparison. I'd think to be more fair, every time you make a payment on the loan, you'd have to take the money from that invested. What's your taxes (federal and state) on what you make in the S&P? Without crunching the numbers, I think you'd end up behind by takin...
by Cmpliance
Mon May 20, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1680

Finance depreciating asset?

Wanting to buy $100K car. I prefer paying cash straight, but seems like financing is the way to go? Assumptions: Finance: $50K @ 3.5% 72/mo Invest: $50K with estimated minimum 4% return YoY (S&P tracking mutual fund) Calculations: $5.5K Interest Cost $13.2K Investment Return Net profit on investment...
by Cmpliance
Tue May 07, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

Thought I'd bump this back up. Since last, I've test driven a Porsche GT4. It definitely lacks the power that I'm used to coming from turbo based cars, but just feels "special". I think if I go forward with something, it may be with the GT4 first and then "step up" to a GT3 in the future. Still ope...
by Cmpliance
Fri May 03, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: tIRA to Roth conversion question for dummies
Replies: 18
Views: 1854

Re: tIRA to Roth conversion question for dummies

If you want to make monthly contributions (e.g. $500/mo). You have to go through the conversion process each month?
by Cmpliance
Fri May 03, 2019 8:31 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

Thought I'd bump this back up. Since last, I've test driven a Porsche GT4. It definitely lacks the power that I'm used to coming from turbo based cars, but just feels "special". I think if I go forward with something, it may be with the GT4 first and then "step up" to a GT3 in the future. Still open...
by Cmpliance
Wed May 01, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or Continue Making Payments
Replies: 6
Views: 958

Pay off Mortgage or Continue Making Payments

What else do I need to consider if we should pay off the house. In my opinion, we shouldn't due to wanting to get into another house in 2-3 years and it would eat almost 60% of our cash on hand. Purchased: $417,500 Remaining Mortgage: $145K (Initial - $165,000 @ 3.75% 30 year fixed) Home Value per Z...
by Cmpliance
Wed Apr 24, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 4897

Re: French Door Refrigerator Recommendations?

Update from my end. Ordered the PYE22KSKSS from GE. Gets delivered on Friday. Fingers crossed that this all goes well
by Cmpliance
Sat Apr 20, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 4897

Re: French Door Refrigerator Recommendations?

Just a quick update on this. Still looking Want counter depth and no longer need a second ice maker. Current fridge is a GE Profile PSC25MSTSS You mean you want a counter depth french door with no in-door dispenser or ice maker? Liebherr. They manufacture refrigerators for Miele in the European mar...
by Cmpliance
Sat Apr 20, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 4897

Re: French Door Refrigerator Recommendations?

Just a quick update on this. Still looking

Want counter depth and no longer need a second ice maker.

Current fridge is a GE Profile PSC25MSTSS
by Cmpliance
Sun Apr 14, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 4897

Re: French Door Refrigerator Recommendations?

Love our LG counter-depth french-door fridge, but the icemaker is a definite weak point. It makes ice almost as fast as what you'd find in a side-by-side (6 half-moons every 8-10 minutes), but only holds about 3 lbs, whereas many side-by-side icemakers have a capacity in the 10-15 lb range. We use ...
by Cmpliance
Sun Apr 14, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 4897

French Door Refrigerator Recommendations?

We have a GE Profile Refrigerator that was original with our house (2006) and we've had issues where the refridge side doesn't cool, but the freezer is fine. We've had it repaired once but realize its now doing the same thing a few years later. We have a side-by-side configuration and we are thinkin...
by Cmpliance
Sat Mar 30, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

As frugal as we are, I'm sure there are others on here that love cars. Some buy them for materialistic reasons but I buy them because of the experience and fun it provides but also because of the excitement of the search. I'm currently looking at cars in the $100-$150K. I buy cars that you can driv...
by Cmpliance
Sat Mar 30, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

But aren't those 0% loans subsidized by a higher purchase price than could be negotiated by paying cash? Maybe for some people, but I always start off negotiating a price for a cash purchase. If you're buying from dealerships, which you never should, dealerships make their margin on financing. Nego...
by Cmpliance
Sat Mar 30, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

As frugal as we are, I'm sure there are others on here that love cars. Some buy them for materialistic reasons but I buy them because of the experience and fun it provides but also because of the excitement of the search. I'm currently looking at cars in the $100-$150K. I buy cars that you can driv...
by Cmpliance
Sat Mar 30, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

Please tell me what model of car that costs $100k and does not need lots of maintenance and special storage and will not depreciate? I see collecter cars and vettes for $40k to $80k that are OK to drive and OK to take care of but anything over $100k is a park it and look at it car. This is a common...
by Cmpliance
Sat Mar 30, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

Re: I have a car problem - $100K+ Cars

Just so we're clear you're talking about vintage cars in the $100k+ range? Cuz I would never buy a 6 figure car new, nor even one even a few years old unless you absolutely knew it would retain its value (IE, Dodge Demon). If you're buying the kind of cars that are listed on Bring A Trailer then I ...
by Cmpliance
Sat Mar 30, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 6664

I have a car problem - $100K+ Cars

As frugal as we are, I'm sure there are others on here that love cars. Some buy them for materialistic reasons but I buy them because of the experience and fun it provides but also because of the excitement of the search. I'm currently looking at cars in the $100-$150K. I buy cars that you can drive...
by Cmpliance
Sat Feb 16, 2019 9:06 am
Forum: Personal Consumer Issues
Topic: Anyone use Turo as Side Income?
Replies: 11
Views: 1803

Re: Anyone use Turo as Side Income?

I'm in the Bay Area and a 5 minute drive from the airport, so that is why I'm considering it. Additionally, I would be putting up exotic cars and there are filters to have your renter be over 25 and/or 30 in order to try to deter from kids abusing your car. Lastly, it sounds as though you can pre-sc...
by Cmpliance
Fri Feb 15, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Anyone use Turo as Side Income?
Replies: 11
Views: 1803

Anyone use Turo as Side Income?

I'd be interested to hear your experience. My neighbor has a fleet of 3 cars and says he gets about $60K/year through Turo. Don't know what his break even is, but seems to be doing well if he continues to get new cars to add to his fleet.
by Cmpliance
Fri Feb 15, 2019 10:56 am
Forum: Personal Investments
Topic: Contributed to Roth when exceeding limit
Replies: 20
Views: 676

Re: Contributed to Roth when exceeding limit

Slightly confused. I did CreditKarma Tax preparing and when I say I contributed $5,500 to Roth IRA, with my income, it says I don't have a penalty?

The phase out for Roth IRA contribution is based upon total income and not taxable income right?
by Cmpliance
Sat Jan 26, 2019 8:37 am
Forum: Personal Investments
Topic: Contributed to Roth when exceeding limit
Replies: 20
Views: 676

Re: Contributed to Roth when exceeding limit

You can have the custodian recharacterize the contribution to tIRA and then backdoor so long as you don't have any deductible tIRA accounts with a balance on 12/31/2019. If you do the pro rata rule will come into play. I definitely recommend the search bar as most broad based questions have answers...
by Cmpliance
Sat Jan 26, 2019 8:22 am
Forum: Personal Investments
Topic: Contributed to Roth when exceeding limit
Replies: 20
Views: 676

Contributed to Roth when exceeding limit

I made a full direct roth contribution for 2018 but realized I'll be over the salary limit. Using the Fidelity calculator with rough numbers, I should have only been eligible to put in $2,200 directly. I obviously haven't filed my taxes for 2018 but how do I correct this? Withdraw $3,300? Can I then...
by Cmpliance
Fri Jan 11, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6344

Re: Building Wealth Through Home Equity--Myth or Reality?

This is a problem I'm dealing with right now. Bought a starter house for $400K which now sells for $900K+. Great right? Not exactly, because every other house around here has appreciated just as much. So even if I sold to buy a $1.5M, my expense continues to go up due to now paying prop tax on a $1....
by Cmpliance
Tue Jan 08, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Amazon House Cleaning Experience?
Replies: 2
Views: 555

Amazon House Cleaning Experience?

The pricing seems reasonable ($100 for a 2 bed 3 bath 1700 sq ft place, 3 hours) compared to my prior cleaners ($110/mo for 3 hours and were horrible).

Anyone have experience using Amazon's service and what were their thoughts? Worth the $100 convenience?
by Cmpliance
Fri Jan 04, 2019 10:51 am
Forum: Personal Investments
Topic: Vanguard Timing
Replies: 11
Views: 910

Vanguard Timing

I initiated my 2018 Roth IRA contribution on the morning of 1/2/19 but funds didn't get into the account/confirmed until 1/3/19. For Vanguard, is the price of the stock going to be the date you initiated the purchase (1/2) or the date funds actually make it into the Vanguard account from the bank ac...
by Cmpliance
Thu Jan 03, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA ElectionForm and Coverage?
Replies: 11
Views: 518

Re: COBRA ElectionForm and Coverage?

I wouldn't even elect unless your total expenses for the month exceed the COBRA premium for the month. I was re-thinking it through. Since I don't need to provide a response until April 1, 30 days after new company benefits kick in, then I can just go the month of February without any kind of trigg...
by Cmpliance
Thu Jan 03, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: COBRA ElectionForm and Coverage?
Replies: 11
Views: 518

Re: COBRA ElectionForm and Coverage?

I wouldn't even elect unless your total expenses for the month exceed the COBRA premium for the month. I was re-thinking it through. Since I don't need to provide a response until April 1, 30 days after new company benefits kick in, then I can just go the month of February without any kind of trigg...
by Cmpliance
Thu Jan 03, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: COBRA ElectionForm and Coverage?
Replies: 11
Views: 518

Re: COBRA ElectionForm and Coverage?

I'm in a similar boat. Company coverage ends Jan 31 and I don't become eligible at new company until March 1. They have a "Response Date" of April 1. Should I elect in now, but then don't make any COBRA payment unless we have a triggering event that happens in February? (e.g. doctor visit)
by Cmpliance
Thu Jan 03, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

If you can still make Roth IRA contributions then your income for a couple (< $200K) is not that high in the Bay Area. I would suggest that instead of putting the time into being a landlord that you would likely get more return by putting the time into your career. My roth contributions are through...
by Cmpliance
Tue Jan 01, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Ran some future scenarios. As you can see by my assumptions, it is playing everything conservative and runs to age 60 Assumptions for all scenarios: - Assumes 3% annual investment growth on 401K/IRA contributions - Assumes max 401K/IRA contributions stay constant for the next 30 years ($19K/$6K*2) ...
by Cmpliance
Tue Jan 01, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Ran some future scenarios. As you can see by my assumptions, it is playing everything conservative and runs to age 60 Assumptions for all scenarios: - Assumes 3% annual investment growth on 401K/IRA contributions - Assumes max 401K/IRA contributions stay constant for the next 30 years ($19K/$6K*2) ...
by Cmpliance
Tue Jan 01, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Ran some future scenarios. As you can see by my assumptions, it is playing everything conservative and runs to age 60 Assumptions for all scenarios: - Assumes 3% annual investment growth on 401K/IRA contributions - Assumes max 401K/IRA contributions stay constant for the next 30 years ($19K/$6K*2) -...
by Cmpliance
Sun Dec 30, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Interested to hear from anyone else in the same situation or are doing this.
by Cmpliance
Sun Dec 30, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

We are living in our paid off San Diego house, which is our dream home that we bought at the bottom of the market 20+ years ago. Thanks to Prop 13, the fact that CA doesn’t tax Social Security, and almost zero unity bills (combination of almost perfect weather and solar panels) our living expenses ...
by Cmpliance
Sun Dec 30, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Do you mean selling your equity rich home and taking the $1M+ to LCOL area upon retirement? I just bought in this year, with a timeline of living here for 10 years. With the market gyrations and my high entry point, I’m just hoping I can take out my principal. I think I was more on the subject of i...
by Cmpliance
Sun Dec 30, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

Re: HCOL Real Estate as Retirement? Bay Area

Do you mean selling your equity rich home and taking the $1M+ to LCOL area upon retirement? I just bought in this year, with a timeline of living here for 10 years. With the market gyrations and my high entry point, I’m just hoping I can take out my principal. I think I was more on the subject of i...
by Cmpliance
Sun Dec 30, 2018 7:11 am
Forum: Investing - Theory, News & General
Topic: HCOL Real Estate as Retirement? Bay Area
Replies: 44
Views: 2699

HCOL Real Estate as Retirement? Bay Area

I'd be interested to hear if people in the Bay Area are using their home and/or rental property in the area as their retirement funding vs maxing 401K/IRA/etc.
by Cmpliance
Sat Dec 29, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 975
Views: 260386

Re: What is your Year 2018 networth change?

According to Mint, Jan 2018 - Dec 2018, net worth increased $300K and was primarily driven by real estate equity.