Search found 177 matches

by ktd
Sun Oct 11, 2020 10:19 pm
Forum: Personal Consumer Issues
Topic: Mountain Cabin - Where would you own?
Replies: 28
Views: 4051

Re: Mountain Cabin - Where would you own?

No doubt Lake Tahoe. Lake Tahoe is the largest alpine lake in North America and world's second-largest behind Issyk Kul. Lake Tahoe is one of the most beautiful natural wonders of the world and the purest water lakes in the world.
by ktd
Fri Oct 09, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Relocation - DFW considerations
Replies: 46
Views: 3139

Re: Relocation - DFW considerations

Denver has better recreation if you are into skiing, hiking in the mountains, etc. But don't kid yourself, most places that you might live are a long way from the mountains, we lived there for a couple years when our family was young and rarely went into the mountains, just too busy. The lack of a ...
by ktd
Thu Sep 17, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21010

Re: Preparing for retirement in mid 30s

I am appx 10 yrs older than the OP, have 5x his assets in taxable alone, own my home with no mortgage and no other loans, live in a LCOL area, and have 3 small children. I am still nervous about calling it quits. There are so many unknowns, especially with small children. In my line of work, I see ...
by ktd
Thu Sep 17, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21010

Re: Preparing for retirement in mid 30s

I am appx 10 yrs older than the OP, have 5x his assets in taxable alone, own my home with no mortgage and no other loans, live in a LCOL area, and have 3 small children. I am still nervous about calling it quits. There are so many unknowns, especially with small children. In my line of work, I see ...
by ktd
Wed Sep 16, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16361

Re: Coping with Megacorp rat race

I looked around the enormous office and saw multiple people in their 50s and 60s falling asleep at their desks and playing solitaire. These people typically made around $80-90k. So interesting, you start off at age 22 and make $60k and by retirement you might be making 150-200% of what the entry le...
by ktd
Sun Sep 06, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19575

Re: How Much House Can We Afford in HCOL Area?

Not sure why people picking on the bay area. It's expensive but also come with nice weather, good paying jobs and natural beauty. Many high cost cities outside or in the US have either or none. This is not intended to be another dump on the Bay Area but let me try to explain this. One thing I have ...
by ktd
Sat Sep 05, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19575

Re: How Much House Can We Afford in HCOL Area?

Just like any high cost cities such as London, Osaka, Hong Kong, or Zurich, low income folks will have to get creative like roommates, sharing with other families, or much smaller space. In the US, I think there are more options for these folks to do better by moving out of VHCOL areas, but not sur...
by ktd
Sat Sep 05, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19575

Re: How Much House Can We Afford in HCOL Area?

Several others have said that Bay area salaries are pretty much in line with those of high tech jobs in other parts of the country. If so, then that brings into direct question why it makes financial sense for those in this line of work to voluntarily choose to live in an area where purportedly 'de...
by ktd
Sat Sep 05, 2020 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19575

Re: How Much House Can We Afford in HCOL Area?

Several others have said that Bay area salaries are pretty much in line with those of high tech jobs in other parts of the country. If so, then that brings into direct question why it makes financial sense for those in this line of work to voluntarily choose to live in an area where purportedly 'de...
by ktd
Sat Sep 05, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: What should be my strategy regarding Home ownership
Replies: 38
Views: 3282

Re: What should be my strategy regarding Home ownership

Sierra Foothills small towns: Nevada City, Grass Valley or Auburn. Little snow in the winter, cooler than Sacramento or even LA, record heat but still 92 and LA is 100 today? Very pretty towns, plenty government and private jobs, 1 hour to Sacramento or Truckee/Tahoe. Affordable housing/cabin. Wildf...
by ktd
Thu Aug 13, 2020 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is "Cost of Living" a Fallacy?
Replies: 18
Views: 1641

Re: Is "Cost of Living" a Fallacy?

Isn't it because an area is so desirable therefore it's high cost? Why would an area be low cost if many people want to live there?
by ktd
Mon Apr 27, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6889

Re: Carrying a big long mortgage

Anecdotally, the ones who had minimal obligations and/or were renters were the most collected about it. In fact, they almost didn’t care and said thank you for keeping us employed for this long (which was shocking to me). Whereas the ones with kids and a mortgage seemed more stressed. And a few wit...
by ktd
Mon Apr 27, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6889

Re: Carrying a big long mortgage

Anecdotally, the ones who had minimal obligations and/or were renters were the most collected about it. In fact, they almost didn’t care and said thank you for keeping us employed for this long (which was shocking to me). Whereas the ones with kids and a mortgage seemed more stressed. And a few wit...
by ktd
Sun Feb 23, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 87
Views: 8663

Re: Interest only mortgage: the conservative choice?

Interest only loan makes a lot of sense in your situation. I would totally do it.
by ktd
Thu Dec 26, 2019 10:30 pm
Forum: Personal Consumer Issues
Topic: Narrowing down where to live
Replies: 55
Views: 5608

Re: Narrowing down where to live

to meet your requirements in CA I would look east of Sacramento such as Auburn or Cameron Park which is close to the Sierra Nevadas. Higher in price maybe 800s gets you a place in the Santa Cruz mountains such as Boulder Creek or Felton and mt biking in the redwoods. Btw I've been to Utah and I wou...
by ktd
Tue Dec 24, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Poor/House Rich Retirees: HELOC vs HEL vs mortgage vs shared appreciation?
Replies: 18
Views: 1797

Re: Cash Poor/House Rich Retirees: HELOC vs HEL vs mortgage vs shared appreciation?

Just rent out 1 or 2 rooms. California is expensive because a lot people want to live here 40 million people or something. Low cost areas stay low cost compare to California for a reason.
by ktd
Fri Dec 13, 2019 9:43 pm
Forum: Personal Consumer Issues
Topic: Reverse Snowbirds?
Replies: 35
Views: 4345

Re: Reverse Snowbirds?

Isn’t it cheaper just live in 1 place like San Diego or foothills sierras in California? Not too hot not too cold and home values keep up with inflation. Taxes are not too bad if you retired.
by ktd
Sun Dec 08, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35732

Re: Retirement Friendly States

dm200 wrote: Sun Dec 08, 2019 5:42 pm
ktd wrote: Sun Dec 08, 2019 5:40 pm The best place on earth to retire is California. Best weather, food, ocean, mountains, ski, surfing, desert, something for everyone.
Earthquakes as well! The land of "fruits" and "nuts" !!
Well, 80% of veggies, fruits and nuts in US come from here. You are welcome!!
by ktd
Sun Dec 08, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35732

Re: Retirement Friendly States

The best place on earth to retire is California. Best weather, food, ocean, mountains, ski, surfing, desert, something for everyone. Why you see a lot of hate for California. It's just so bad nobody lives here!
by ktd
Thu Jun 14, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 26
Views: 4588

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

The reason is house in SF is so expensive so that the owner would sacrifice privacy in return to cover some of the expense. In the middle of US, not many people would like to let a room. People want their space. In SF, it is too expensive to own your own space. You have to let part of it. There are...
by ktd
Fri Feb 09, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 9433

Re: Live / work in California - Technology Career

I’m not entirely sure what you are asking. Which of your listed areas of California are least expensive, most desirable to you, have the best weather, or something else. All of CA is expensive, and the cities are the most expensive. Southern California has warmer weather than Northern California. T...
by ktd
Fri Feb 09, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 9433

Re: Live / work in California - Technology Career

I’m not entirely sure what you are asking. Which of your listed areas of California are least expensive, most desirable to you, have the best weather, or something else. All of CA is expensive, and the cities are the most expensive. Southern California has warmer weather than Northern California. T...
by ktd
Mon Feb 05, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 161
Views: 19544

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

Just want to say thank you for the link. I spent all day yesterday on this new software. I have to say I like it much better than YNAB. I got 5-year subscription for $0 but after yesterday I will pay for it if I have to.
by ktd
Fri Dec 29, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning for green card parents who are citizens of India
Replies: 29
Views: 2959

Re: Estate planning for green card parents who are citizens of India

lostinjersey wrote: Fri Dec 29, 2017 8:06 pm No, they are on an ACA policy and plan to continue until they are eligible for Medicare in 4 years.

Did you mean Medicaid? They came here 1 year ago so I don't think its Medicare since they have not paid into the system.
by ktd
Sun Sep 17, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy
Replies: 51
Views: 5751

Re: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy

Unless you are really tall over 6'5 or big over 200 pounds, just doesn't make sense to pay the extra expense or points for first class.
by ktd
Tue Sep 12, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 325
Views: 27718

Re: Is it really Worth it to brown bag your lunch at work?

I save a lot by drinking water only. I am so slim and fit. A lot of people have to pay for that.
by ktd
Wed Aug 30, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 9960

Re: How much sooner could you retire with NO property taxes?

Move to Hawaii if you want lowest property tax rate.
by ktd
Wed Jul 05, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 192
Views: 20302

Re: Seeking advice on 1.2m house purchase

You can but I don't think you should. My aunt and uncle bought in the bay area 2 years ago for 900K in the Evergreen area. They make 120K combined incomes. They live in the garage and renting out all the rooms. They told me the house has appreciated 200K so far. Very good huh?
by ktd
Sun May 14, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 260
Views: 65920

Re: Regret early retirement/downsizing

Different people are different. If I had had the money, I could have happily retired at age 24. I'm a creative person who can write, make music, pursue publishing and countless other projects. I don't get my energy or motivation from social situations or other people. I don't need or want validatio...
by ktd
Thu Apr 06, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 11773

Re: Spending beyond my means, I think..is my budget out of whack?

Wife gets to keep her fun money and you don't (short every month). I would not be okay with that.
by ktd
Wed Mar 29, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: What's your personal criteria for deciding whether or not to rent a car?
Replies: 105
Views: 7742

Re: What's your personal criteria for deciding whether or not to rent a car?

I don't know if you are Asian but most Asians I know rent a car when they do long trips. I am also Asian and I would never do it. What is the point of owning a car then?
by ktd
Fri Mar 17, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Medical treatment in US for non US citizen
Replies: 50
Views: 6278

Re: Medical treatment in US for non US citizen

I was googling and someone was sort of in similar situation and he was advised to get patient here and lease an apartment in MA on her name and then his wife may get free healthcare in MA. Not sure whether this is possible or not. Who is paying for this "free" healthcare? The rest of us? This sound...
by ktd
Sun Mar 05, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 8135

Re: Windfall: should we pay cash for ~$1.3M home?

Exactly right. Much of the discussion on this forum is about retiring as early as possible with sufficient assets to maintain a particular lifestyle. OP can possibly retire now and can certainly semi-retire. Not everyone hates working though. Are there things I don't like about my job? Definitely. ...
by ktd
Sat Jan 28, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Line of Credit
Replies: 44
Views: 5649

Re: Reverse Mortgage Line of Credit

OP it Sounds like a regular home equity line of credit is the clear winner. Many retired seniors cannot qualify for such a loan. "downsizing" is not an option if you live in a high real estate market and your home is not well above average in price Another disadvantage to a regular HELOC (compared ...
by ktd
Fri Jan 20, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: East Coast And Work/Life Balance
Replies: 68
Views: 9573

Re: East Coast And Work/Life Balance

Southerners sure work less than others due to the cost of living. All my doctors in Texas open half day on Friday and close Saturday and Sunday. When we lived in CA, we went to doctor appointments on the weekend all the time. Can't do that here in Texas.
by ktd
Mon Dec 19, 2016 10:12 am
Forum: Personal Investments
Topic: Financial Freedom
Replies: 8
Views: 1924

Re: Financial Freedom

Not an ideal situation but yours is very normal for a lot of people living in high cost areas.
by ktd
Thu Nov 10, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: Filling in the swimming pool
Replies: 30
Views: 7964

Re: Filling in the swimming pool

$6000 for 2 days for 20,000 gallons pool Texas.
by ktd
Mon Nov 07, 2016 8:54 am
Forum: Personal Investments
Topic: Now Married - Help Resetting Allocation and No Retirement Savings
Replies: 21
Views: 3015

Re: Now Married - Help Resetting Allocation and No Retirement Savings

OP, California is a non-recourse state. If I am in your situation and I can refinance the house at below 4% 30 years fixed mortgage, I would do it. Then, only keep 20% in the house. I would invest the rest elsewhere. This is for risk management and diversification purposes. I do not like the idea o...
by ktd
Mon Nov 07, 2016 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How to Proceed Going Forward.
Replies: 15
Views: 2244

Re: How to Proceed Going Forward.

You should look into reverse for purchase at 62 years old.
by ktd
Sat Oct 22, 2016 8:02 pm
Forum: Personal Consumer Issues
Topic: How many have moved from California due to Cost of Living?
Replies: 108
Views: 17429

Re: How many have moved from California due to Cost of Living?

I spent a lot of time in the Bay Area but decided not to settle down there full time (even though I could afford to live well there within my FIRE budget). There were two reasons. First, I hated that the high cost of living had driven out pretty much every middle class and non-tech professional. It...
by ktd
Fri Sep 30, 2016 11:36 am
Forum: Personal Investments
Topic: Anybody using Andrews CU 3% IRA CD?
Replies: 39
Views: 7362

Re: Anybody using Andrews CU 3% IRA CD?

Just FYI, my transfer from Vanguard to Andrews FCU just completed this week, so the offer is still available. Between this slice and the Pentagon FCU CD's, I have nearly all FI in CD's at 3%. The remaining slice is in LTT. Did you transfer from Vanguard to checking account then to Andrews IRA? I wa...
by ktd
Wed Sep 28, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Considering semi-retirement in Incline Village, NV
Replies: 5
Views: 1822

Considering semi-retirement in Incline Village, NV

One of us will get a part time job in Carson City for health benefits. South Lake Tahoe is more affordable in term of home prices but property taxes and income taxes are killer. I don't think the commute will be too bad since Carson City is only 25 miles away from Incline Village. We will be in our ...
by ktd
Fri Sep 16, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 64
Views: 12448

Re: Keys to a Successful Retirement

- Own, don’t rent and pay off the mortgage at or before retirement... - Use home equity in retirement. Seriously consider taking out a reverse mortgage line of credit. I don't understand this. Why would one want to pay off the debt just to reissue it? The translation costs are high and one would gi...
by ktd
Fri Sep 16, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 64
Views: 12448

Re: Keys to a Successful Retirement

Thank you. This list is great. I agree with all of it.
by ktd
Fri Sep 16, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 71151

Re: Do you really need 2.5 million to retire well?

I am surprised by the number of people who are comfortable that they can live well on $50,000/yr. Granted the definition of well is a bit squishy but after all the I have $3 million in investable assets threads these responses were unexpected. Median household income for my county is 32k and I see ...
by ktd
Fri Aug 12, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Payoff Debt at Sacrifice of Leisure?
Replies: 77
Views: 8367

Re: Payoff Debt at Sacrifice of Leisure?

Appreciate all the feedback and I do understand the concern of saying "mine" "hers" etc. I think the overall stress that I have is that I'm focusing on the future and trying to prepare for that now. - I've been contributing to my 401k every year and started maxing out the past 3. She just started o...
by ktd
Fri Jul 29, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan [Vacation rental]
Replies: 4
Views: 693

Re: Retirement Plan

Has he been to Grand Lake? Is he prepared for those winters? I would not think he could count on that $900 rental income through the whole year. It would take 277 months (23 years) of rentals to reach the 250k price he plans on paying for this property. I cannot imagine the type of place you get fo...
by ktd
Fri Jul 29, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan [Vacation rental]
Replies: 4
Views: 693

Retirement Plan [Vacation rental]

Dad came to me asking for my input regarding to his retirement plan. He is 55 year old and planning to retire here instead of our home country. He has 300K in 401K and another 350K in home equity. He plans to leave his job at 62 and move to Grand Lake, Colorado with his wife (my step mom). His plan ...
by ktd
Sat Jun 18, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: cost of raising kids. BHs experience through college
Replies: 76
Views: 8304

Re: cost of raising kids. BHs experience through college

You are still at least 7-8 hours at the computer ? Then later they will be in school from 8-3. My kids are in daycare and I can assure you that we are raising them. We drop them off at 8 and pickup at 4. No need to get defensive - Klang was never saying you are not. This is a sure fire way of getti...