Search found 169 matches

by hale2
Sat Oct 20, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 28
Views: 3777

Re: CA property tax > $10K, any options to deduct all?

from what i recall when i first did the calculations months ago, pretty much everyone wins or breaks even, except for high earning singles in high tax states. DINKs also lose in California. State tax, property tax, plus no deductions or tax credits with no kids.... Are you sure? I don't know what y...
by hale2
Thu Oct 18, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 28
Views: 3777

Re: CA property tax > $10K, any options to deduct all?

My taxes go down next year in CA. Same with me. AMT eliminated my state tax deductions so I wasn't getting to use them anyway. The lower federal tax rates and elimination of the marriage penalty and AMT ( at least for me ) is giving me a large tax break. As other have pointed out, there is still a ...
by hale2
Thu Oct 18, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 28
Views: 3777

Re: CA property tax > $10K, any options to deduct all?

krafty81 wrote:
Wed Oct 17, 2018 6:38 pm
My taxes go down next year in CA.
Same with me. AMT eliminated my state tax deductions so I wasn't getting to use them anyway. The lower federal tax rates and elimination of the marriage penalty and AMT (at least for me) is giving me a large tax break.
by hale2
Wed Oct 17, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield
Replies: 14
Views: 1442

Re: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield

I used to hold the Vanguard high yield intermediate term tax exempt bond fund. I currently hold the Vanguard intermediate term tax exempt bond fund. Here is why I switched. Remember, the bull market has been going on for about 10 years. That means a rising stock market throughout this time. The var...
by hale2
Mon Oct 15, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: British Airways AVIOS Points
Replies: 9
Views: 558

Re: British Airways AVIOS Points

I have about 70,000 British Airways AVIOS points from 3 years ago. At one time, you could book, thru British Air, flights on local airlines for low point amounts that would cost a lot in dollars. For example, you could book round trip Pittsburgh to NYC for about 15,000 points ($150) whereas the cas...
by hale2
Mon Oct 15, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: British Airways AVIOS Points
Replies: 9
Views: 558

Re: British Airways AVIOS Points

I use Avios for Alaska Airlines flights. If you are in an area where Alaska flies, it's something to consider.
by hale2
Fri Oct 05, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12083

Re: Larry Swedroe: Be Prepared For Losses

Only if they survive the one to 2 years of unemployment during the recession. If they do not survive, the future earning does not matter. You have to survive in order to succeed. Is it your argument that these 30 year-olds will starve to death during the recession? Even if they lose everything fina...
by hale2
Thu Oct 04, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 37
Views: 4222

Re: Switching Careers - From IT to Police Officer

Good morning fellow Bogleheads, I figured I would update this thread since almost a month have passed. From the initial thread creation to today, I have been sitting on whether this career switch is right for me. I have researched the application process and started heavily training for the PAT exa...
by hale2
Wed Sep 26, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 19
Views: 3544

Re: How to handle huge medicare/medicaid premium increases at age 65?

Option 3b: Have her get an actual job. This way, she pays into SS legitimately and gains credits. She also brings in some money and provides a service. I think about whether a 61 year old might possibly be able to work.....then I stop and look in the mirror in the bathroom at my work and realize th...
by hale2
Tue Sep 25, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 19
Views: 3544

Re: How to handle huge medicare/medicaid premium increases at age 65?

Did your mother have a sponsor when she immigrated? I thought the sponsor was financially liable to support her if she doesn't have a job. https://www.nolo.com/legal-encyclopedia/free-books/fiance-marriage-visa-book/chapter3-5.html I asked the same question in a similar thread a few months ago. App...
by hale2
Sun Sep 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5345

Re: 38% pay cut for dream job?

I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too many Le Carré novels. Spying is part of it: - facilitate contacts with foreign government officials and foreign business people, - cultivati...
by hale2
Sun Sep 16, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5345

Re: 38% pay cut for dream job?

Have you considered that part of your job will include espionage, and entail risks? I think you’re confusing the State Dept with the CIA. I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too ma...
by hale2
Fri Aug 31, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Federal retirees - avoid all tax withholding on retirement income streams?
Replies: 7
Views: 1185

Re: Federal retirees - avoid all tax withholding on retirement income streams?

I just use the FERS annuity to withhold fed and state income tax for all those income streams. Twelve payments/withholdings a year, and easy to change the withholding amount (effective on the next payment) through the website to fine-tune as needed. No quarterly payments needed. Keep it simple. +1....
by hale2
Tue Aug 21, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Cell phone insurance
Replies: 25
Views: 1925

Re: Cell phone insurance

We only have it on the kids' phones. Just filed a claim for one kid who was screwing around with his friends and was pushed into the pool. He'll be paying the deductible and will pay the $13 monthly premium. After the incident he is more than willing to do it.
by hale2
Sat Aug 18, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13733

Re: Teachers Who Have Net Worth of $1 million +

I’m a 43 year old teacher with a wife and kid and our net worth is approaching $1M (it’s $900k-something). Ten years ago, at age 33, our net worth was $25k. Our combined gross income has been between $100k-$150k per year during that time with an average of around $120k/year. No inheritances are inv...
by hale2
Sat Aug 18, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Morgan Stanley- Schwab or Vanguard
Replies: 10
Views: 1193

Re: Moving from Morgan Stanley- Schwab or Vanguard

Take a look at the wiki
https://www.bogleheads.org/wiki/Three-fund_portfolio

You'll see that you can set up the same thing Vanguard gave you using Schwab funds. There is no reason to pay Vanguard .3% to manage, or even deal with the downsides of the Schwab Intelligent Portfolio program.
by hale2
Fri Aug 10, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3787

Re: Landlord advice needed with section 8

Several hundred rental units over many decades. 1. Don't rent to Section 8. (or other subsidized type of arrangement). 2. Be patient and rent to the best non-Section 8 tenants that are available. Without exception. 3. Know the landlord tenant code and all local codes and laws (state/fed/county/etc)...
by hale2
Fri Aug 10, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Parental Care in my road to financial independence
Replies: 34
Views: 2672

Re: Plan for Parental Care in my road to financial independence

After 5 years on the green card she will become a citizen. Is there anything saying she can't apply for SSI and medicaid? And medicare through SSI? Well said. If she has less than 3K in asssets, 65+ age, low income(check specific number), she will be eligible for Medicaid if her green card is 5 yea...
by hale2
Thu Aug 02, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff rental property or invest in the market
Replies: 15
Views: 1503

Re: Payoff rental property or invest in the market

for a lot of people though is suspect mortgage interest may not really be deductible anymore. with the standard mfj deduction at $24 k and state and local taxes capped at $10k, you need $14k of interest to get over the standard deduction. at a 4% interest rate that is a $350k mortgage. Not applicab...
by hale2
Wed Jun 27, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9777

Re: Factor Investing Makes Someone Money, But Maybe Not You

Your thinking has changed over time, which is what I thought. That's fair and completely understandable. My initial portfolio was based on your book. It has changed somewhat over time as based on things I have learned here from you and other posters. Hopefully people on here will realize that changi...
by hale2
Tue Jun 26, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9777

Re: Factor Investing Makes Someone Money, But Maybe Not You

Rick, I recently read your excellent book All about Asset Allocation In the multi asset class portfolio you suggest 10% small value ad 5% microcap. I liked this portfolio and was thinking of moving in that direction. Has your thinking on this changed at all? Thanks very much, Deighve I was wonderin...
by hale2
Mon Jun 25, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Garrett Planning Network experiences
Replies: 14
Views: 1533

Re: Garrett Planning Network experiences

Garrett has many good advisors. However, the organization will let anyone who is qualified (ie. CFP or about to become one) and who will agree to their hourly model requirement, join. There is no quality control.
by hale2
Wed Jun 06, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 874
Views: 95173

Re: [What TV Show Have You Recently Watched?]

+1 Even today it is absurd that an agent would have done what Stan did, but much more so in the 80s. Thanks. :sharebeer I can't tell you how annoying it was for a couple of days after the show ended seeing all these fluff pieces via online news sites talking about how touching and dramatic the fina...
by hale2
Wed Jun 06, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 874
Views: 95173

Re: [What TV Show Have You Recently Watched?]

The ending of "The Americans" was pathetic at best. They made Stan, and by association the FBI a laughingstock. How he could just overlook the recent murder of colleagues and informants, (as well as the penetration of gov't agencies and programs), and just let them escape was beyond absurd and rend...
by hale2
Tue Jun 05, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 874
Views: 95173

Re: [What TV Show Have You Recently Watched?]

bagle wrote:
Mon Jun 04, 2018 11:19 am
Just finished the heartbreaking finale of "The Americans". My favorite TV drama since Mad Men, Borgen and Breaking Bad.
We loved the show, but were very disappointed in the finale.
by hale2
Sat May 12, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 469
Views: 101942

Re: Bank of America Preferred Rewards

We do not use BoA's Merrill Edge programs at all, since they cannot hold Vanguard's Admiral mutual funds and we don't use any ETFs. You might want to take a look at ME again. I transferred VTSAX and VTMSX from Vanguard to ME. Both are Admiral funds. I don't know if they will accept all Admiral fund...
by hale2
Mon May 07, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Umbrella Insurance for LLC
Replies: 2
Views: 322

Re: Commercial Umbrella Insurance for LLC

I had residential investment properties in VA that I placed in LLCs. State Farm was able to provided both the property and umbrella insurance.
by hale2
Tue May 01, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: T-mobile military deal for families
Replies: 3
Views: 753

Re: T-mobile military deal for families

I just got home from the T-mobile store after reading about this program this morning. It'll save me $60/mo for 4 lines that are currently at Verizon. Last year I switched to Verizon for a Costco Black Friday I-phone special. T-mobile is also paying the balance off for the 4 phones.
by hale2
Tue May 01, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Cellphone use in Europe now inexpensive
Replies: 23
Views: 2789

Re: Cellphone use in Europe now inexpensive

bh7785 wrote:
Tue May 01, 2018 10:09 am
dsmclone wrote:
Mon Apr 30, 2018 12:57 pm
I could care less about making calls. How is the data coverage? Who did you use?
So you do care about making calls?

Image
+1
You beat me to it.
by hale2
Tue Apr 24, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: CA Public School Teacher - Union Dues, Pension Contribution
Replies: 17
Views: 2449

Re: CA Public School Teacher - Union Dues, Pension Contribution

I believe CA teachers don't contribute to Social Security, so that's a 6.2% savings.
by hale2
Mon Apr 23, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Computershare Transfer Question
Replies: 24
Views: 2635

Re: Computershare Transfer Question

Several years ago I tried to transfer Computershare stocks to Vanguard. Ended up being a major hassle so I donated that stock to my Fidelity DAF. It went smoothly so I transferred my other Computershare holdings to a regular Fidelity brokerage account. I don't recall having to get a medallion signat...
by hale2
Sun Apr 22, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 35264

Re: KF's simple rules to achieve FI

It might be to your benefit to give some thought to some of the recommendations that people have given you. Spend a little time analyzing their recommendations for your particular situation. You might decide that making a few changes or thinking about a few things differently may make your financial...
by hale2
Sat Apr 21, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 35264

Re: KF's simple rules to achieve FI

Folks, Do not confuse lucky outcome with a smart strategy. I cannot count on being lucky and continuously employed without interruption. So, I have to plan and survive in this kind of reality. For whatever reason, this is the life that I experienced. Houston Oil Bust, Texas Saving & Loan Crisis, As...
by hale2
Sat Apr 21, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 35264

Re: KF's simple rules to achieve FI

Taking one's rather unique situation and personal mindset to come up with a set of recommendations for everyone seems...inappropriate. Exactly. If I recall correctly, the OP lives in a HCOL area and can't move for family reasons. Also, he pretty much got wiped out during the tech bust and works in ...
by hale2
Fri Apr 20, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 35264

Re: KF's simple rules to achieve FI

I stopped taking it seriously after reading the unrealistic absurdity of #1. Some of the other "rules" make sense.
by hale2
Thu Apr 19, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18599

Re: Can I retire at age 40?

This thread is hilarious. Make sure to save enough for the divorce that will come when your wife works as a teacher while you sit at home. Not to mention the work ethic that you'll be instilling in your children. Find a different job. The beauty of your position is that it can pay less, so you have...
by hale2
Wed Apr 18, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Use 25k From Brokerage Account For Investment Property?
Replies: 29
Views: 2718

Re: Use 25k From Brokerage Account For Investment Property?

Most property management firms ask 10% of actual rental income. The firm you are asking about wants 15%. Why? Ralph Probably because it's an area with low rents so the property manager wants a minimum fee each month. I have properties in a higher cost area and I pay 8%, which comes out to about the...
by hale2
Wed Apr 18, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Cash instead of bonds?
Replies: 59
Views: 9020

Re: Cash instead of bonds?

Specifically, when you will you sell equities vs. your cash? When equities were up? Over what time frame? The last month, quarter, year? When will you begin replenishing a depleted cash reserve? When stocks are up from the trough, when they're back up to where they were before, or somewhere else? P...
by hale2
Fri Apr 13, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Independent Certified Financial Planner
Replies: 15
Views: 1890

Re: Vanguard vs Independent Certified Financial Planner

Are you just looking for a CFP to do an asset management review? If so, then you're fine going with the free Vanguard option. I used the Vanguard CFP several years ago and was provided a good, solid asset allocation plan. But they are not able to do a full financial plan, which sounds like what you ...
by hale2
Sat Mar 31, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 2218

Re: Federal survivor benefit decision help needed

I recommend 25% SBP plus the term policy. You have plenty of money to cover things when the policy expires. Also, remember, the 250k term policy is income tax free while the pension is taxable.
by hale2
Tue Mar 20, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - Will/Trust needed?
Replies: 11
Views: 1339

Re: Baby on the way - Will/Trust needed?

Once your baby is born, you and your wife should update your will to specify who will be the guardian of your child in the event both of you die before your child's 18th birthday. You can (we did) do wills before baby is born specifying child(ren) - without naming - with a testamentary trust until ...
by hale2
Tue Mar 20, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Suggestions or remedy for a fire on our apartment complex...
Replies: 13
Views: 1779

Re: Suggestions or remedy for a fire on our apartment complex...

Give 'em a break... there was just a fire in the building! I highly doubt they owe you a gym membership since there was a fire in the fitness room. I find it odd and rude you would even think that way. The fitness room is a perk not a right. I'd suggest, work out outside for a bit while they get th...
by hale2
Tue Mar 13, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: As a home buyer, do you use your own realtor or agent?
Replies: 25
Views: 2635

Re: As a home buyer, do you use your own realtor or agent?

How do you choose an agent? My area is full of them so how do I choose? In the past I've contacted names that I see a lot around the area, only to find out they have a team so you really don't know anything about the person who contacts you from the team. Others just seem to talk a good game, until ...
by hale2
Fri Mar 02, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 48
Views: 6989

Re: Chase sapphire reserve versus BOF premium rewards

I am all for maximizing credit card benefits (and I have lots and lots of credit cards for this reason), but moving six figures of assets to Merrill (or anyone else) just to get a few extra basis points in cash back (or points) is a bridge too far for me. YMMV. If you spend a lot, it might be worth...
by hale2
Thu Mar 01, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9866

Re: Tax reform SALT affecting in Bay Area?

I guess the big difference is since AMT wasn't an issue for you the loss of state tax deductibility hits you hard. I've been dealing with AMT for years, preventing me to be able to take the deduction. As a result I'm not losing a deduction that I didn't have. Yes. I guess I'm technically upper midd...
by hale2
Thu Mar 01, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9866

Re: Tax reform SALT affecting in Bay Area?

What was the pre-2018 benefit in terms of cost? Assuming most of it is the property taxes? Am I right to assume they're $28,000? For me personally in 2016, it was about as below : $12 property tax $10k state income tax $12k mortgage interest ("small" mortgage, about $320k at 3.375%) $4k charitable ...
by hale2
Sun Feb 25, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle: Hourly financial planning
Replies: 44
Views: 5388

Re: Side Hustle: Hourly financial planning

Make sure you look into the various regulations for providing financial advice. It is rather burdensome if you are just going to do it as a side gig.
by hale2
Sun Feb 25, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: I week in California, Road Trip Planning
Replies: 65
Views: 4448

Re: I week in California, Road Trip Planning

OP you haven’t provided enough background about your interests and reasons for considering a move to CA What do you know about Sacramento that draws you to there? I’ve been there a few times and it’s a fine place, but there are countless cities in the US that are incredibly similar and far cheaper,...
by hale2
Sun Feb 25, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 109
Views: 8643

Re: Federal Employees, leading up to retirement?

Join fersguide.com. The guy running it is a retired fed and is very knowledgeable. You get access to his presentations as well as his guide. In addition, as a member you can email him questions about your specific situation. It's only $15/yr. Just joining for 1 year as you transition would probably ...
by hale2
Sun Feb 25, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Military FIRE; 7 years to go & losing motivation--HELP!
Replies: 36
Views: 3992

Re: Military FIRE; 7 years to go & losing motivation--HELP!

The problem is that I've recently been struggling with the lifestyle that being in the military entails. We are about to PCS to my sixth duty station with a 15 month old and will likely have to uproot our lives at least twice more before my retirement. Does anyone else on the path, or who has alrea...