Search found 822 matches

by strafe
Tue Sep 18, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 65
Views: 4424

Re: Leasing Cars in Retirement

I recently bought a boat by "triggering a taxable event." In my case I had funds specifically earmarked for a purchase such as this (car, truck, boat, etc.) So I'd have to ask you - if you're not willing to spend the money on a car, then what else are you using that money for? Put it this way - lea...
by strafe
Tue Sep 18, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 23
Views: 661

Re: Student Loan Debt Repayment

I’ve looked into refinancing. The best rates out there are around 4-5%. My top rate is 8.5%. Assuming I could lower it by 4%, my repayment amortization would be 5 years, with a bigger chunk of the early payments going towards interest rather than principal. Currently, it’s the reverse (more than 80...
by strafe
Tue Sep 18, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 65
Views: 4424

Re: Leasing Cars in Retirement

I recently bought a boat by "triggering a taxable event." In my case I had funds specifically earmarked for a purchase such as this (car, truck, boat, etc.) So I'd have to ask you - if you're not willing to spend the money on a car, then what else are you using that money for? Put it this way - lea...
by strafe
Sat Sep 15, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 65
Views: 4424

Re: Leasing Cars in Retirement

Wanted to get others thoughts on leasing cars in retirement in lieu of triggering an additional taxable event by spending down investments. Thinking $350 or so monthly for three years within mileage allowances, wash and repeat. Pluses are covered maintenance and investments continue to grow. Please...
by strafe
Tue Sep 04, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Does IRS care about short-term loans to family members?
Replies: 8
Views: 933

Re: Does IRS care about short-term loans to family members?

PFInterest wrote:
Tue Sep 04, 2018 12:08 pm
gift exclusion limit is 15K/person/year.
does that apply here?
by strafe
Mon Sep 03, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 2967

Re: Does leasing car leave me more freedom to invest?

Why is car leasing so bad, especially if it gives me freedom to invest the capital rather than lock it up in a depreciating asset? I feel like that opportunity cost of investing is a huge factor that is often overlooked in traditional advice. [...] So why does the traditional advice discourage leas...
by strafe
Mon Sep 03, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 2967

Re: Does leasing car leave me more freedom to invest?

Dont forget all the stipulations a leased vehicle comes with.. going over on miles etc etc... Not for me I like to own something for my money. I don't understand this argument. Here's the lifecycle of a purchased vehicle: 1. Buy the car for $X. 2. Drive the car, incurring depreciation $Y based on t...
by strafe
Mon Sep 03, 2018 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 2967

Re: Does leasing car leave me more freedom to invest?

When people on this forum disparage leasing, they almost always fail to recognize the underlying issue: Buying & selling a new car every 3 years is expensive. That's true whether you pay cash or you lease. If you choose to buy a new car every 3 years, leasing is probably the most efficient way to st...
by strafe
Fri Aug 31, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. Mercedes
Replies: 86
Views: 6332

Re: Lexus vs. Mercedes

new2bogle wrote:
Fri Aug 31, 2018 11:23 am
Incidentally, I have two colleagues, one with an E350 and the other with a GS 350. I really do like both of them.
Good that neither car will make you a jerk.
by strafe
Fri Aug 31, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Any advice if I should buy this Used Minivan?
Replies: 21
Views: 1413

Re: Any advice if I should buy this Used Minivan?

Grand Caravans / Town & Country vans are ubiquitous. No reason to settle for one that’s been in an accident. If they can pony up itemized body shop invoice and photos showing minor extent of damage, and the price is good, then consider it. Otherwise move on. I had a horrible experience with a Dodge...
by strafe
Fri Aug 31, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Peds fellow, Loans automatically put back into deferment, possible future capitalization event?
Replies: 4
Views: 591

Re: Peds fellow, Loans automatically put back into deferment, possible future capitalization event?

Yes. Same thing happened to me. Different servicer. I was paying cash for the degree that triggered the deferment. To my knowledge I never authorized the school to release of any of my information to the national student loan databank. I ultimately avoided interest capitalization, though the “soluti...
by strafe
Fri Aug 24, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Any advice if I should buy this Used Minivan?
Replies: 21
Views: 1413

Re: Any advice if I should buy this Used Minivan?

Grand Caravans / Town & Country vans are ubiquitous. No reason to settle for one that’s been in an accident. If they can pony up itemized body shop invoice and photos showing minor extent of damage, and the price is good, then consider it. Otherwise move on.
by strafe
Wed Aug 22, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mold in house and insurance won't cover - options?
Replies: 29
Views: 3755

Re: Mold in house and insurance won't cover - options?

What does your insurance policy coverage summary say? Is coverage for mold damage specifically excluded?
by strafe
Wed Aug 22, 2018 5:08 am
Forum: Investing - Help with Personal Investments
Topic: Where should I park money I wont need for 3.5 years?
Replies: 11
Views: 1708

Re: Where should I park money I wont need for 3.5 years?

If you’re hoping to avoid risk, why not leave it in the money market fund?

(Personally I would put it in something like LifeStrategy Income fund (80% bonds/20 stocks))
by strafe
Tue Aug 21, 2018 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Union at Fed job
Replies: 20
Views: 1929

Re: Union at Fed job

Hi y'all. I just started a federal job. At lunch, union people, AFGE, fed us lunch and invited us to join. I am so lost. Why should I join? They take money directly out of your paycheck. For what? Is it worth it? :sharebeer They want you to join because they want your dues money. The dues will be u...
by strafe
Sun Aug 12, 2018 5:21 am
Forum: Personal Consumer Issues
Topic: Liability only car insurance and my car destroyed
Replies: 15
Views: 2726

Re: Liability only car insurance and my car destroyed

looking wrote:
Sat Aug 11, 2018 11:51 pm
Liability only car insurance and my car destroyed

How it works and my insurance company doesn't pay anything to me
Yes.
by strafe
Sat Aug 11, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2018/19 Honda Odyssey - which trim level?
Replies: 15
Views: 1066

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

EX-L (w/o RES or Nav) is the volume model, and strikes a good balance between helpful features and unnecessary ones. +1 and if it’s similar to our Pilot EXL it has CarPlay so you get smartphone nav on the big dash screen anyway. What I’d be cautious about is the transmissions. Earlier Odyssey’s and...
by strafe
Sat Aug 11, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2018/19 Honda Odyssey - which trim level?
Replies: 15
Views: 1066

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

EX-L (w/o RES or Nav) is the volume model, and strikes a good balance between helpful features and unnecessary ones.
by strafe
Thu Aug 09, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9084

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

it really does not seem that complicated, and it is a strategy that I would not feel comfortable doing myself (that is, managing the futures). its just 90% SP500 with some super liquid futures on the side. doesn't seem that crazy at all to me and has tax benefits. Agreed. This is basic CAPM/efficie...
by strafe
Thu Aug 09, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9084

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I don't see the mystery. Here's my hack explanation for what the fund is doing. It would be better if I were twelve. It owns 90% large cap stocks. It has 10% invested in cash. It has 60% notional exposure in a mix of 2, 5, 10, and 30-year Treasury futures contracts. This is the source of the levera...
by strafe
Mon Aug 06, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Is 12.4% SE tax on first $127,200 per business or per tax payer?
Replies: 5
Views: 641

Re: Is 12.4% SE tax on first $127,200 per business or per tax payer?

Schedule SE includes self-employment income from all sources. It is not specific to a single business. See the IRS instructions for the the form.

The Social Security wage ceiling is per taxpayer.

You should consider hiring an accountant.
by strafe
Sun Aug 05, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off loans (even though I qualify for forgiveness) by selling taxable investments?
Replies: 7
Views: 615

Re: Pay off loans (even though I qualify for forgiveness) by selling taxable investments?

thejourney wrote:
Sun Aug 05, 2018 1:11 pm
Just to be clear, there is no tax on loan forgiveness. PSLF is tax-free.
For additional clarity— PSLF is tax free, but other forms of loan forgiveness, which are not conditioned on public service employment, may be taxable.
by strafe
Sat Aug 04, 2018 7:53 am
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 90
Views: 13536

Re: If everybody indexed, the only word you could use is chaos, catastrophe

I learned in high school chemistry/physics that it was theoretically possible that, in a freak accident of Brownian motion, all the oxygen molecules in the room could congregate in the back corner and cause everyone to suffocate. No need to lose any sleep over this! The probability of such an occure...
by strafe
Thu Aug 02, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Pay off Student Loan vs Taxable Account/Liquidity
Replies: 9
Views: 504

Re: Pay off Student Loan vs Taxable Account/Liquidity

I would do whatever helps you sleep easier at night. If you're not sure, split the difference. In contrast to the previous posters, I think it would be wiser to build up some liquidity/reserve before paying accelerating debt repayment, so long as you trust yourself not to spend it. Paying off debt i...
by strafe
Tue Jul 31, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Best MacBook Value
Replies: 40
Views: 3236

Re: Best MacBook Value

We have 3 MacBook Airs and the screens seem perfectly fine to me. For what we do, the screen is great. We've had ours for about 4 years and I've had absolutely no complaints. Have you looked at the screen on a Macbook Pro? It's lightyears ahead of the one on the Air. The MBA has a resolution of 144...
by strafe
Mon Jul 30, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Best MacBook Value
Replies: 40
Views: 3236

Re: Best MacBook Value

13" Macbook Pro. There is no need to upgrade the processor or memory for your intended use. The Air is outdated, has an inferior screen and should be avoided. The choice of storage capacity depends entirely on how much you need. Cloud-based storage reduces the amount you need on your laptop though t...
by strafe
Sun Jul 29, 2018 6:00 am
Forum: Personal Consumer Issues
Topic: Experience Buying Lexus NX300?
Replies: 1
Views: 562

Re: Experience Buying Lexus NX300?

Most vehicles have active discussions on pricing on either Edmunds or a model specific forum.

You should head over to Club Lexus.

See this thread to start:
https://www.clublexus.com/forums/nx-mod ... se-54.html
by strafe
Sun Jul 22, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Best luxury vinyl plank flooring?
Replies: 19
Views: 1806

Re: Best luxury vinyl plank flooring?

I’m curious what features distinguish a “luxury” vinyl floor from the non-luxury variety. Is vinyl more desirable than hardwood these days?
by strafe
Sat Jul 21, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: Looking for recommendations on a cordless electric mower
Replies: 21
Views: 1817

Re: Looking for recommendations on a cordless electric mower

Get the EGO 21-inch mower (at Home Depot).
If you think your yard is too small for a push mower, then buy a Scott’s reel mower, which has the most consistent cut.
If all else fails, buy a goat.
by strafe
Thu Jul 19, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Which minivan?
Replies: 56
Views: 5774

Re: Which minivan?

I test drove the Limited Pacifica. [...] The Honda I purchased is a 2018 EX which has only cloth seats and no moonroof or vacuum. The engine and road noise are supremely quiet, but when power is needed the transmission is very smooth and the exhaust sound can be sporty. The Chrysler, to me, seemed ...
by strafe
Thu Jul 19, 2018 6:47 am
Forum: Personal Consumer Issues
Topic: Which minivan?
Replies: 56
Views: 5774

Re: Which minivan?

I would add the Chrysler Pacifica to your short list and remove the Sienna . The Pacifica has been winning most minivan comparison tests, though probably won't be quite as reliable as the Honda. The Sienna is outdated. Of note, there's a steady supply of Pacificas coming in from rental car fleets. ...
by strafe
Thu Jul 19, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 433
Views: 56170

Re: Flaunt Your High-Mileage Car

The average car on the road is 12 years old, which roughly translates to mileage of 150-180k.

Most of the "high mileage" cars in this thread are <200k and some even <100k miles. That's not high mileage. That's merely average.

Come on, where are the 300k and 400k+ mile cars?
by strafe
Sun Jul 15, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 7137

Re: Are Credit Cards Actually Convenient?

I’ve never heard of anything like this. There must be more to the story.
by strafe
Thu Jul 05, 2018 7:19 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8461

Re: Tipping at non sit down places

Is there any assurance that credit card tips at counter service restaurants actually go to employees?
by strafe
Wed Jul 04, 2018 5:16 am
Forum: Personal Consumer Issues
Topic: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?
Replies: 25
Views: 1614

Re: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?

Based on your priorities I would get a used Prius (2010 or newer) in the 5-10k range. It will be worlds nicer than a 91 civic.
by strafe
Sun Jul 01, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: replace old central AC unit?
Replies: 32
Views: 2506

Re: replace old central AC unit?

I don't understand all these people saying that keeping a house at 70 is hard. I have a house built in 86 with an old unit and keep mine at 70-71 all summer when it is 90-100 every day in Dallas. I think that depending on where in the country you live they may undersize units Yes, design temperatur...
by strafe
Sun Jul 01, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: replace old central AC unit?
Replies: 32
Views: 2506

Re: replace old central AC unit?

Random_walker and jminv gave you some good advice. Your A/C should be sized for "design" conditions, which assumes a normal indoor temperature & humidity (usually 75 F / 50% RH) and 99th percentile outdoor temperature (probably 95F if you are in NC). This load calculation is done using something cal...
by strafe
Mon Jun 25, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving my job with no replacement - ok to get a new car loan now?
Replies: 11
Views: 1187

Re: Leaving my job with no replacement - ok to get a new car loan now?

I think the question is whether you should buy a new car now, rather than how you should pay for it. I personally would wait to replace the car during this time of uncertainty. But if you must buy the car, I don't think it makes a difference whether you pay cash or get the loan. Just be sure to main...
by strafe
Mon Jun 25, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Minus International Bonds
Replies: 5
Views: 740

Re: Vanguard LifeStrategy Minus International Bonds

which life strategy fund are you considering? wellesley fund is roughly comparable to life strategy conservative growth balanced index & STAR & Wellington funds comparable to LS moderate growth 90% total world stock index + 10% kept in cash (money market) might be roughly comparable to LS aggressive...
by strafe
Sun Jun 24, 2018 5:18 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12390

Re: When did you start flying business class?

High 6-figures is more than $666,000 a year to me, so with only $12K monthly expenses, I'd say go for first class. I thought the same thing. If someone is making >$500,000 and complaining about $24,000 in airfare -- especially when they said they hate flying coach -- they need a bit of a reality-ch...
by strafe
Mon Jun 18, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5622

Re: How much car to buy reasonably?

You should buy a 5 door 2018 GTI with DSG (or stick). No more, no less. $25k out the door - go ahead and buy new if you want and keep for 10+ years. Why GTI? May I ask? I doubt any car on the market will bring you more fun per dollar than the VW GTI. Go test drive one, you'll see. This review about...
by strafe
Sun Jun 10, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3757

Re: The effect of a difficult last name on employment prospects...

First names might have a bigger impact than last names.

Lay press coverage here and here of a cross-sectional study a few years back that concluded the shorter your first name, the higher your earnings.
by strafe
Sun Jun 10, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 7026

Re: 35 and Need Help With Building Wealth

Two comments: I work in sales so It's $13.85 + commission. Also it's work from home so $0 commute and 0 minutes commuting time. Also it allows me to work on my websites between calls, which is how I generate Adsense income. While I could find a job that pays more, the trade off would be less time to...
by strafe
Tue Jun 05, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?
Replies: 55
Views: 5504

Re: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?

I need some advice with yet another consumer issue. I bought a brand new HVAC system almost exactly 1 year ago from an HVAC company in my area. They installed the system and removed the old system. It worked great through last Summer and Winter, and so far this Spring. I replace the filter every mo...
by strafe
Sat Jun 02, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Rental property sanity check
Replies: 6
Views: 881

Re: Rental property sanity check

I’m not sure I understand the math:
Gross rent $1800
- Mortgage $800.
- Operating expenses (maintenance, capital improvements, property management, vacancy allowance) not mentioned but probably $500-$1000/Mo
= slim margin

I don’t think this works unless you can charge higher rent.
by strafe
Thu May 31, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs Paying down loan
Replies: 9
Views: 1179

Re: Investing vs Paying down loan

Right now I have an extra $500/month that I am currently sending to my emergency savings account. Even though employment is secure and have 7 months of expenses saved up, I prefer to have a bigger savings balance (1 year worth of expenses) . Should I direct those funds to maximize my retirement acc...
by strafe
Wed May 30, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Vehicle Advice for new Boglehead (4Runner)
Replies: 45
Views: 2536

Re: Vehicle Advice for new Boglehead (4Runner)

What is it about that particular truck/model that you like? Off road capability? Appearance? Body on frame build? Toyota reliability? All of those things interest me. I figured it's too much $$ for where I am now - just didn't know for sure if it'd matter that I planned on keeping it for 10 plus ye...