Search found 214 matches

by ianferrel
Thu Jul 09, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 6997

Re: House not appraising to sale price

ianferrel wrote: If anyone wanted an honest appraisal, the appraiser would not know how much the offer was made for. The appraiser is appraising for the subject's market value. Part of the definition for market value includes how much a buyer would pay for the subject property. The offer amount is ...
by ianferrel
Mon Jun 22, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 6997

Re: House not apprising to sale price

The realtor we used for our last transaction used to say the only thing more shocking than the number of appraisals that came in to the penny at the contract price was the number that came in 5% less. We sold our last place for a non-round number (I think it was 372,400) and the appraisal from the ...
by ianferrel
Tue Jun 16, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2536

Re: New iPhone SE?? has anyone bought and used one?

HEDGEFUNDIE wrote:
Fri May 29, 2020 4:26 pm
Thanks. I’m sure they had a good reason but I hate it.
I think their reason is that moving parts are the thing most likely to break, so eliminating them makes the phones more reliable.
by ianferrel
Tue Jun 16, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: Is Stock Market becoming Casino ?
Replies: 42
Views: 3800

Re: Is Stock Market becoming Casino ?

Matt Levine, in his excellent financial news/humor column Money Stuff , has had several recent articles touch on this topic, and his answer is to some extent, yes. His analysis is basically that people like betting on stuff, and the thing that most people bet on, sports, is not happening right now, ...
by ianferrel
Fri May 29, 2020 11:03 am
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2536

Re: New iPhone SE?? has anyone bought and used one?

HEDGEFUNDIE wrote:
Fri May 29, 2020 10:50 am
Button also does not click as well as I remembered.
Apple replaced the physical button with a simulacrum--a haptic feedback nonmoving circle--with iPhone 7, so you might be remembering the older ones that actually had a button that moved and clicked.
by ianferrel
Fri May 08, 2020 5:17 pm
Forum: Personal Investments
Topic: Why Make Portfolio Safer (More Bonds) as I age?
Replies: 35
Views: 3096

Re: Why Make Portfolio Safer (More Bonds) as I age?

If I never plan to sell /use all my investments at a single point in time, isn’t 100% stock still the best allocation to get maximum returns? The older I get, the more my goals shift from "maximum returns" to "minimum chance of running out of money". Plus the upside is the million grows to $11 mill...
by ianferrel
Wed Apr 29, 2020 6:27 pm
Forum: Investing - Theory, News & General
Topic: Is it really better to lump sum now rather than wait for the next correction?
Replies: 27
Views: 2331

Re: Is it really better to lump sum now rather than wait for the next correction?

For argument's sake, let's suppose this crash is a 50% drop in equities that occurs in 10 years. Their "cash" portfolio would now be about $1,000,000 * 1.01^10 = $1,104,622. If they waited until now to invest all their cash into equities, they could buy a 50/50 split of VTI and VXUS at an average c...
by ianferrel
Tue Apr 21, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Now a baby is coming, do I need more life insurance?
Replies: 24
Views: 1363

Re: Now a baby is coming, do I need more life insurance?

FWIW, my situation is not that different from yours (moderately higher income, higher assets, but two small children and higher expenses), and I have $750k of life insurance, and none for my wife. We calculated it as being enough that my wife would not have to work until the children were old enough...
by ianferrel
Thu Apr 09, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4125

Re: Reducing home buying price due to coronavirus uncertainty?

And by the way, personally (and as a recent RE seller) I am not interested in WHY a buyer wants to offer a particular price. I only care WHAT the number is and HOW likely he is to close. This is pretty silly in the current climate. If some buyer offers a lower price than you hoped because he doesn'...
by ianferrel
Tue Apr 07, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4125

Re: Reducing home buying price due to coronavirus uncertainty?

Doesn't seem crazy, but who knows.

We expect to put our house on the market in about a month, and it would not surprise me if we end up accepting an offer that's 10% less than what we estimated we'd get 2 months ago.
by ianferrel
Mon Mar 23, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Re: Renting property at a loss, and depreciation recapture

There's no offsetting the depreciation recapture that you seem to be looking for. Let it go. As explained above, depreciation is simply deferring taxes... like your Trad. 401k would be. You think they're going to let you offset that somehow? No. You will have to pay taxes on the depreciation recapt...
by ianferrel
Mon Mar 23, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Re: Renting property at a loss, and depreciation recapture

When you sell, the accumulated passive loss becomes active, and applicable to current year ordinary income. It's not a capital loss/gain (which may apply separately). Depreciation recapture has its' own weirdness and special tax rates. You have to grind your way through pub 527, and possibly others...
by ianferrel
Sun Mar 22, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Re: Renting property at a loss, and depreciation recapture

Yes, AGI is above $150k. So, I can't deduct the losses from my normal income. And if we sell within a few years, I won't have any capital gains to use the losses on. So I'm still not clear if I can use the losses to offset the depreciation recapture, or if I will have to pay taxes on the depreciatio...
by ianferrel
Sun Mar 22, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Re: Renting property at a loss, and depreciation recapture

You will have income. Pretty sure you misunderstand. At least your understanding between income and *net* income. Even then, I don't think one needs any income to depreciate so long as it's an investment property. Though I'm open to being wrong. I may very well misunderstand. Can you explain to me ...
by ianferrel
Sun Mar 22, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Re: Renting property at a loss, and depreciation recapture

Depreciation is a nice, but not huge, *positive*. It is in no way, shape, or form a negative! One depreciates their rental $X amount on their tax return. That $X is then subtracted from their gross income. Thus lowering your taxable income. This is the exact and awesome benefit of your traditional ...
by ianferrel
Sun Mar 22, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Renting property at a loss, and depreciation recapture
Replies: 22
Views: 1328

Renting property at a loss, and depreciation recapture

We bought a new house in early March, and the plan was to move in April and then sell our existing house after the move. And then a lot of things changed, and it's looking like it might make sense to rent our current house out for a year or two before selling. PITI on the house is about $4000 a mont...
by ianferrel
Tue Mar 17, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: Daycare closed
Replies: 140
Views: 11036

Re: Daycare closed

Ours is scheduled to be closed until April 3, and no tuition refund (one of those weeks it was going to be closed for spring break anyway). I doubt they'll actually reopen in April, but we are moving in late April, so we were going to be finishing up there partway through April anyway. It's the righ...
by ianferrel
Mon Mar 16, 2020 4:50 pm
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 153
Views: 17098

Re: The Black Swan is Here

Ok, but please remember so far it appears 98.5% of those infected either never know it (beyond thinking they just have a cold) or are symptomatic to the point that they don't need hospitalization. This is not what the medical community call a "highly acute" disease. This isn't like getting typhoid ...
by ianferrel
Thu Mar 12, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: It's not even "The End of The beginning"
Replies: 37
Views: 5200

Re: It's not even "The End of The beginning"

Let's say the entire world shuts down. All the businesses, schools, etc. If that would really happen, then it would take only a couple weeks until the virus has worked itself through the system. Infected people will either have recovered by then, or unfortunately have died. If in total we lose an e...
by ianferrel
Mon Feb 24, 2020 6:46 pm
Forum: Personal Consumer Issues
Topic: Avis charging for existing damage on rental car
Replies: 111
Views: 7795

Re: Avis charging for existing damage on rental car

I always take a walkaround video of my car both picking it up and dropping it off. A few years ago I had a rental car company try to charge me for damage I didn't cause. It wasn't there when I picked up or dropped off the car. The rental desk employee even took the keys and went out to the car (I as...
by ianferrel
Tue Feb 11, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8339

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Invest in personal logistics and reconsider the opportunity costs of many things. The primary economic impact of having your first kid is that your available free time drops dramatically. Prior to the baby, if you worked a full time job outside the house and got 8 hours of sleep a night, you still h...
by ianferrel
Sat Feb 08, 2020 11:53 pm
Forum: Personal Investments
Topic: TLH on individual stock
Replies: 9
Views: 688

Re: TLH on individual stock

Yes, you can buy another stock immediately. You just can't buy something that's "substantially similar" within 30 days. But if you're selling an individual stock to buy some other stock, or an ETF, that's not substantially similar.
by ianferrel
Fri Jan 10, 2020 5:59 pm
Forum: Personal Consumer Issues
Topic: At what point do you donate/trash/sell/gift your junk?
Replies: 75
Views: 5046

Re: At what point do you donate/trash/sell/gift your junk?

Sold vs donated is primarily about the value of the item vs the trouble to sell it. I don’t even consider selling something for less than $50. It isn’t worth my time. Some items worth more than $50 are enough trouble to sell that it still isn’t worth the bother. But even with those parameters, a su...
by ianferrel
Fri Nov 01, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Property Sale Taxes
Replies: 1
Views: 343

Property Sale Taxes

I'm trying to help my mom think through several scenarios involving selling her house and I'm not sure I understand the taxation issues involved, so I'm going to try to provide the necessary info and then ask some questions. The house is in California, and was originally purchased for ~$100k in the ...
by ianferrel
Wed Oct 16, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoin theft, bankruptcy recovery, and taxes
Replies: 1
Views: 622

Bitcoin theft, bankruptcy recovery, and taxes

I had about 1 BTC go to the big bitbucket in the sky when MtGox went down, and I now have a claim in the bankruptcy proceedings. It just occurred to me that I have no idea how to account for any of this in my taxes. A few relevant prices basis: $4 price at time of bankruptcy: ~$400 current price: $8...
by ianferrel
Mon Oct 14, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: How to retrieve measuring stick stuck inside oil delivery pipe?
Replies: 29
Views: 1823

Re: How to retrieve measuring stick stuck inside oil delivery pipe?

I can't visual a configuration where measuring the level in the oil delivery pipe tells you the level in the tank regardless. I'm imagining that the delivery pipe is basically vertical, next to the tank, feeding into the bottom of it. If so, the level of oil in the pipe will be the same as the leve...
by ianferrel
Mon Sep 23, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Apple iPhone iOS 13 Discussion
Replies: 79
Views: 10080

Re: Apple iPhone iOS 13 Discussion

You can do this now - enable "do not disturb" and then check the box that says allow calls from contacts. I've been doing this for a long time. Only downside is that it also silences text signals. You have to go into each contact individually to enable a text signal if you want it. This is true, bu...
by ianferrel
Mon Jul 08, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any place you can buy a house for 50k west of Kansas?
Replies: 27
Views: 4179

Re: Is there any place you can buy a house for 50k west of Kansas?

https://www.zillow.com/homedetails/201-E-Cedar-St-Rawlins-WY-82301/114582329_zpid/ Here's one. I randomly picked a city. There are probably many places in the mountain west. lmao, tenant occupied... Is that legal? To sell a house with a tenant? Sure, why wouldn't it be? Rental properties are bought...
by ianferrel
Thu Jun 20, 2019 1:44 pm
Forum: Personal Consumer Issues
Topic: Smoke Alarms with 10 Yr Batteries
Replies: 14
Views: 1417

Re: Smoke Alarms with 10 Yr Batteries

I don't think the 10-year battery ones have actually been on the market for 10 years yet, but I do have a First Alert 10-year battery smoke alarm and it hasn't died yet, or it's died in a way that I didn't notice. My house hasn't caught on fire recently, so hard to say for sure. I regret that I have...
by ianferrel
Thu Jun 13, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 4199

Re: Do you repair your own appliances?

I repair lots of things. Agreed that Youtube makes it easier. But I've always enjoyed fixing things. It's fun to take things apart and figure out how they work and find the part that's broken. I'm sure it's not actually worth my time for the money I save. If I didn't enjoy it as a hobby I'd do a lot...
by ianferrel
Thu Mar 14, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 59
Views: 7324

Re: Property tax hacks in California

They will eventually adjust... 8 years sounds like you might be getting it soon. I don't know what Prop 13 is. They won't. That's what Prop 13 is. Your property taxes are capped at 2% growth from the purchase price. Since 2% growth is lower than inflation , over the long term your property taxes go...
by ianferrel
Fri Feb 22, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: 1040x - fixing wrong ssn for 4 years
Replies: 3
Views: 411

Re: 1040x - fixing wrong ssn for 4 years

Page 7 of the 1040x instructions (link to pdf) states You are only changing information. If you aren’t changing any dollar amounts you originally reported, but are changing information, do the following. Check the box for the calendar year or enter the other calendar or fiscal year you are amending....
by ianferrel
Wed Feb 06, 2019 7:07 pm
Forum: Personal Investments
Topic: Should we contribute to a non-deductible IRA if we can't do a backdoor Roth?
Replies: 9
Views: 719

Should we contribute to a non-deductible IRA if we can't do a backdoor Roth?

Usually we just contribute directly to Roth IRAs, but this year we were over the income limit. I have no deductible IRAs, so I did a backdoor Roth. My wife has some deductible IRAs, so in the past when we're over the Roth limit, we've done a non-deductible contribution with the expectation of doing ...
by ianferrel
Thu Jul 26, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1916

Re: Traveling to Cuba - currency exchange

Oh, one more comment. I disagree with exchanging to CUP. CUP is the local currency. CUC is tied to the dollar. In most tourist locations, you will generally use CUC. I tried using CUP the first time I went, and found it practically useless. It definitely depends on how you travel. If you're going t...
by ianferrel
Thu Jul 26, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1916

Re: Traveling to Cuba - currency exchange

I went to Cuba in November of 2016. It is as easy to exchange USD for CUC as any other currency, but you will pay an additional 10% tax that other currencies don't have to pay. So, if you have an easy/inexpensive way to convert to Euro or CAD before traveling, that will save you some money. The down...
by ianferrel
Tue May 29, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Please help with grocery budget
Replies: 51
Views: 5143

Re: Please help with grocery budget

How about pouring the 2-liter bottles into four 0.5 liter bottles? Use empty 0.5 liter plastic water bottles. The screw caps should be able to hold the pressure. It's more work, but might be worth a try. In my experience, this doesn't work. Maybe if you have an iron grip. The carbonation isn't lost...
by ianferrel
Fri May 25, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 6773

Re: Alexa Echo sent family's audio file to a contact

Another fluff piece used to instill fear in those with no idea what steps had to occur for this to happen, not to mention that the couple absolutely ignored what their echo was asking them. Here were those steps: Blaming the victim. Is there any reason to believe that they even heard what the echo ...
by ianferrel
Thu May 24, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Decision points on new Iphone
Replies: 19
Views: 1581

Re: Decision points on new Iphone

Yah, I know that once you're over ios 7.1 that the factory supported speed slow down comes in, but if you want many of the newer apps, you'll just have to put up with it. ... I've yet to have anyone give me a specific, concrete example of what any newer iPhone buys me beyond what my 4S gives me. "R...
by ianferrel
Mon May 21, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance
Replies: 6
Views: 897

Re: Long Term Disability Insurance

You need an individual policy that is portable, i.e., that you can take with you if you leave your present employment. Otherwise you're SOL if you lose your current job after developing some sort of medical condition that makes you un-insurable. Hmm. Good point. Are there policies that provide supp...
by ianferrel
Mon May 21, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance
Replies: 6
Views: 897

Long Term Disability Insurance

My employer provides group LTD insurance that provides 60% of my pre-disability income in the event of long-term disability. I'm trying to determine if I should purchase additional insurance, and how best to think about the risks. A few data points that might be helpful. 1. Our current expenses are ...
by ianferrel
Wed Apr 18, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 4065

Re: 2018 Honda Fit EX

We have a 2015 Fit, and it's great in the ways that people have said. We can pack more stuff in it than in several larger cars, and get ~38mpg. I agree that road noise is bad. With a rear-facing child seat in the backseat, the front seat in front of it is cramped. I'm 5'10", and I just fit comfortab...
by ianferrel
Mon Apr 16, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: power tool that replaces both allen wrench and screwdriver
Replies: 9
Views: 1216

Re: power tool that replaces both allen wrench and screwdriver

If you want it to fit into small-ish spaces, you can get an electric screwdriver that's not much bigger than a large-handled screwdriver. Something like this (note, I don't vouch for this particular model, just demonstrating the sort of device). These don't have enough power to do things like screw ...
by ianferrel
Fri Apr 13, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Fender bender in parking lot, he said she said. What's the effect on my going to be?
Replies: 17
Views: 2057

Re: Fender bender in parking lot, he said she said. What's the effect on my going to be?

I always thought parking lots were kind of at your own risk places. Not sure what you mean by that, but signs that say "park at your own risk" generally mean that the owner of the parking lot is disclaiming liability for anything that happens. It doesn't mean that you can crash into someone else's ...
by ianferrel
Wed Mar 28, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 13554

Re: How Do You Value Your Home for Net Worth Purposes?

I also average Zillow and Redfin. Both fluctuate, but the average is substantially more stable.

I do it because I like to occasionally look at a chart that's labeled "net worth" and has a line that goes up and to the right.
by ianferrel
Fri Mar 23, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Does the value of my home matter?
Replies: 21
Views: 3328

Re: Does the value of my home matter?

Even if you have no current plans to sell your house, the value of your home has option value. Plans and circumstances change. You might want or need to sell it in the future, and a high value house means you have more future flexibility.
by ianferrel
Mon Mar 05, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Another reason to steer clear of Bitcoin. As if we need another reason...
Replies: 48
Views: 8753

Re: Another reason to steer clear of Bitcoin. As if we need another reason...

But I can pass some information regarding. My guess is you largely don't understand 'crypto-currencies', so I will work off that assumption. I understand cryptocurrencies pretty well, and I disagree with your post (apart from the basic description of cryptocurrencies, which is fine and useful). I a...
by ianferrel
Wed Feb 07, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 8385

Re: How to stop mail for former occupants?

I would be careful with that. What if he opens and "distributes" all the mail before any adults see it? Or he starts using it as scratch paper or for other "projects"? He's not tall enough to reach the mailbox yet, so we don't have to worry about that for a while. And almost all of our mail is junk...
by ianferrel
Wed Feb 07, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 8385

Re: How to stop mail for former occupants?

This doesn't work for everyone, but I give it to my 2-year-old. He loves opening mail!
by ianferrel
Fri Jan 12, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Youtube/Netflix/Browser in Car Dash
Replies: 14
Views: 1543

Re: Youtube/Netflix/Browser in Car Dash

If car manufacturers would stop pushing their proprietary infotainment systems and just use Android Auto and Carplay, then the fragmentation issue is gone. That helps, but unless you think that Android Auto and Carplay aren't going to add any new features in the next decade, that doesn't solve the ...
by ianferrel
Fri Jan 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 4307

Re: Keeping sensitive documents in the cloud -- bad idea?

Make sure, if you are encrypting things, that you are correctly weighing the chance of different risks and carefully saving your encryption key. 1. The risk that someone else gets access to your data. Encryption makes sense here. 2. The risk that you lose your data. Encryption increases this risk, s...