Search found 953 matches

by Goal33
Sun Oct 13, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1330

Re: Disadvantages to 401k Rollover into an IRA

Distributions from an IRA aren’t eligible for exclusion from Maryland state income taxes, distributions from a 401k are. This could be a reason to keep some money in a 401k, at least if you’ll be withdrawing or doing Roth conversions before you start receiving Social Security benefits. https://taxe...
by Goal33
Sun Oct 13, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 4673

Re: 2020 Social Security Maximum Taxable Earnings $137,700

There has been a lot of information about the 2020 SS COLA of 1.6%. What has not been mentioned in the SSAs same day release of 2020 SS changes from the CPI-U release on 10/10/2019. Is that those changes also included an increase in the Maximum Taxable Earnings from $132,900 (2019) to $137,700 (202...
by Goal33
Sat Oct 12, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Help - Refinancing a 20-year mortgage at 4.625%
Replies: 2
Views: 351

Re: Help - Refinancing a 20-year mortgage at 4.625%

It’s worth it. Ask them to waive lender fee at same rate.
by Goal33
Wed Oct 09, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Married with Separate bank accounts
Replies: 44
Views: 3521

Re: Married with Separate bank accounts

I have a pretty large brokerage account in my name only from before marriage that I no longer contribute to.

My wife keeps her old Ally checking account with her maiden name in case she needs to cash any checks or do any banking with her maiden name. Came in handy once.
by Goal33
Tue Oct 08, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 5907

Re: Tactics to pay off Mortgage Early??

This is my ignorance here, but isn't an ARM absolutely the worst possible thing you could ever get? My impression of the adjustable rate mortgage is based entirely on what occurred back in 2008. It seemed like every individual that I personally knew or heard about that was foreclosed on, had an adj...
by Goal33
Mon Oct 07, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: 2010 Prius totaled.... Now what?
Replies: 40
Views: 3445

Re: 2010 Prius totaled.... Now what?

2010 Toyota Prius with 158k miles. We were rear ended at a stoplight yesterday. The impact caused us to hit the car in front of us. Early indications are that the car will be totaled. We're mainly concerned we'll get a check from State Farm that is nowhere near enough to replace. We've never dealt ...
by Goal33
Sun Oct 06, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 5907

Re: Tactics to pay off Mortgage Early??

Just wondering if anyone had a tactic that they used pay off their mortgage early? OP, not sure where you are in the mortgage term, or how long the term is, but here goes: mine was a multi-step approach. (1) 'when i could afford to' (about 2 years into a 30 year mortgage), and rates went down, i we...
by Goal33
Sat Oct 05, 2019 3:37 pm
Forum: Personal Investments
Topic: All in on VT?
Replies: 30
Views: 4460

Re: All in on VT?

I would be all in except I have other funds due to tax loss harvesting. Other than that I would be fine with my entire equity allocation being in VT
by Goal33
Mon Sep 30, 2019 12:52 am
Forum: Investing - Theory, News & General
Topic: Why not use Margin Loan as eFund?
Replies: 63
Views: 3678

Re: Why not use Margin Loan as eFund?

Yes this makes sense for some people. For example my brokerage account is around 4x annual expenses so even if it went down 50% it would still enable me to pull out 1x annual expenses on margin. So I use this as one option to cover emergencies. I also monitor my credit cards and mentally note which ...
by Goal33
Sun Sep 29, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Used Car websites
Replies: 9
Views: 1122

Re: Used Car websites

Watty wrote:
Sun Sep 29, 2019 1:00 pm
One thing I really like about buying a rental car is that you know that they are just selling it as a part of their normal cycle of rotating cars.
Really interesting way of thinking about that. Makes sense to me.
by Goal33
Sun Sep 29, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: What is protocol for cleaning house when moving?
Replies: 49
Views: 3109

Re: What is protocol for cleaning house when moving?

I didn’t clean it at all and wrote a $200 check for the new owners towards hiring their own cleaners or doing it themselves. I had planned on cleaning the bathrooms and kitchen and vacuuming but then with all the stress of moving I got sick and didn’t want to have a guilty conscience that I just sol...
by Goal33
Sat Sep 28, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3134

Re: Convince me not to raid my Roth to buy first condo

Let’s say you’re definitely buying so the advice to not buy is not helpful. My advice would be to take a loan where you can put 10% down. So I’m clear on this, it’s better to pay PMI for 5 years (in addition to a healthy PITI amount) as long as you avoid raiding the Roth? I didn't say that. There a...
by Goal33
Sat Sep 28, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: 29 year old engineer introduction and seeking advice
Replies: 29
Views: 4153

Re: 29 year old engineer introduction and seeking advice

Just adding to the rest here. You’re underpaid and you’re not asking for enough.
by Goal33
Fri Sep 27, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3134

Re: Convince me not to raid my Roth to buy first condo

Let’s say you’re definitely buying so the advice to not buy is not helpful. My advice would be to take a loan where you can put 10% down. So I’m clear on this, it’s better to pay PMI for 5 years (in addition to a healthy PITI amount) as long as you avoid raiding the Roth? I didn't say that. There a...
by Goal33
Fri Sep 27, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3134

Re: Convince me not to raid my Roth to buy first condo

Let’s say you’re definitely buying so the advice to not buy is not helpful. My advice would be to take a loan where you can put 10% down.
by Goal33
Fri Sep 27, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to get rid of a car
Replies: 48
Views: 3789

Re: How to get rid of a car

so many recommend carmax but you can bring it to any dealer and get a trade in quote
by Goal33
Fri Sep 27, 2019 6:23 pm
Forum: Personal Consumer Issues
Topic: Addressing similar first names in an email
Replies: 16
Views: 1159

Re: Addressing similar first names in an email

This thread sounds like the basis for a new Dilbert
by Goal33
Fri Sep 27, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Should I sell my BMW
Replies: 48
Views: 3302

Re: Should I sell my BMW

Hate to break it to you but you won't get 16k either... I was recently in the car market and saw a lot of that same model CPO for 15k-ish. So you'd get maybe 13-14k private party and less on trade in.

My location is SF Bay Area, cars might be more expensive in other places, don't know.
by Goal33
Thu Sep 26, 2019 7:44 pm
Forum: Personal Investments
Topic: Mother laid off without retirement savings
Replies: 24
Views: 5532

Re: Mother laid off without retirement savings

Nothing she just needs another job.

If she owns a house help her make sure she decides to pay it off before she retires.

Ira contributions if any extra cash.

No debt, right?
by Goal33
Wed Sep 25, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8605

Re: Overpaid for my house, next options?

You’re assuming there’s another place for the money to come from. That why most people don’t want their house to be down in value when they upgraded. They absolutely require the money to come from their sale. Why are you insisting I don't understand that? Because you’re talking happiness level inst...
by Goal33
Tue Sep 24, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8605

Re: Overpaid for my house, next options?

You’re assuming there’s another place for the money to come from. That why most people don’t want their house to be down in value when they upgraded. They absolutely require the money to come from their sale.
by Goal33
Tue Sep 24, 2019 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8605

Re: Overpaid for my house, next options?

Sure if you're moving to another area. But people seem to selectively forget it's likely the next house one bought is also being sold at a loss. People only focus on "their" loss and forget the guy they just brought the next house also took a loss. That's just my observation of human nature I've se...
by Goal33
Mon Sep 23, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Buying a home with unpermitted addition
Replies: 59
Views: 5907

Re: Buying a home with unpermitted addition

typically HOAs have some type of clause that says something along the lines of "past non-enforcement of rules does not take away the HOA right to enforce rules now/later"

you'll probably never have a problem but personally, I am too detail oriented to take this type of chance.
by Goal33
Mon Sep 23, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 8611

Re: Physical activity suggestions for a non athletic youth

I mean this in the kindest way, but both you and the son should start to consider some therapy. There is clearly more to this story.
by Goal33
Sat Sep 21, 2019 11:00 pm
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 7889

Re: Anyone here has more 200k in a single stock ?

Turn62yearsold wrote:
Sat Sep 21, 2019 9:57 pm
Anyone have a viewpoint on holding a 2000 share position in AAPL? It is in my 401K, and represents about 16% of my 401K.
Assuming you have made a large gain. Congrats! You can sell it all with no tax consequence
by Goal33
Sat Sep 21, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8605

Re: Overpaid for my house, next options?

Option 1 and 2 are the same. You keep the house until you’re ready to move. Make the rent vs. sell decision then. Option 3 is ridiculous. You need a place to live and you can afford this and you already own it. Option 4... you can decide once the market goes back up a little, don’t have to worry abo...
by Goal33
Sat Sep 21, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Save? Invest? Pay off Mortgage?
Replies: 12
Views: 1656

Re: Save? Invest? Pay off Mortgage?

Depends on what skills you have. Most likely you just deal with and try to keep your expenses low. People like you generally benefit psychologically from lowering their expenses. I.e paying off mortgage.
by Goal33
Sat Sep 21, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 62
Views: 4651

Re: Dental Insurance for Retirees

My work has a plan I assume is subsidized so I take that. I would not take dental if it wasn’t subsidized
by Goal33
Sat Sep 21, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 4812

Re: first house- 1 bedroom vs. 2 bedroom

My preference, though it has cost me plenty in terms of missed housing appreciation, has been to rent in these circumstances.
by Goal33
Sat Sep 21, 2019 9:31 am
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 7889

Re: Anyone here has more 200k in a single stock ?

Being a boglehead has simplified my life and I no longer worry about “cash”. However, selling my MSFT holdings probably counteracted any financial benefit I will realize as a boglehead :oops:
by Goal33
Fri Sep 20, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 10752

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

In this specific case, I'd just do whatever is most financially beneficial to me.
by Goal33
Fri Sep 20, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 9938

Re: How hard is it to get into college?

Oh, I flunked a semester of English in high school (as in 'F' on report card). I got into every college I applied to and matriculated at a private elite university mentioned a few times on this forum. So getting a grade less than 'A' is not the kiss of death. I am not sure your admittance experienc...
by Goal33
Fri Sep 20, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 2962

Re: Moisture and mold found during home inspection

I’d walk away and be grateful. Spend a few dollars more and don’t buy one of those horrible 3 story townhouses. What's so bad about 3 story townhouses? This is technically a condo in the sense that there is an association that owns lots of things. But it's a townhouse in that nobody is below / abov...
by Goal33
Fri Sep 20, 2019 12:12 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 2962

Re: Moisture and mold found during home inspection

I’d walk away and be grateful. Spend a few dollars more and don’t buy one of those horrible 3 story townhouses.
by Goal33
Thu Sep 19, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

Is there anyway it is most fair to have the birthday girl pay?
by Goal33
Thu Sep 19, 2019 12:27 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

KlangFool wrote:
Thu Sep 19, 2019 12:23 pm
OP,

I am a non-drinker. And, it is a sin in my religion to pay for alcohol. So, could we split the alcohol out of the bill?

KlangFool
Is it only a sin to pay for it, or also to drink it? :wink:
by Goal33
Thu Sep 19, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

No great way to handle this. 1) Sometimes you will get screwed. 2) Maybe get a bigger meal that costs more, and take some to go. 3) In some cases, you can ask for your own check upfront. 4) In other cases you can bring cash and just put down what yours will cost + tax + tip and throw it in and let t...
by Goal33
Wed Sep 18, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Condo HOA in disclosure $35 more than MLS
Replies: 12
Views: 948

Re: Condo HOA in disclosure $35 more than MLS

You could probably back out of the deal and cite this as the reason. As posted above, even if it was $35 cheaper it was going to go up the following year anyway so at most you’re out $35*12. Same thing happened to me. It was off by $20. I went through with it either way but in hindsight maybe should...
by Goal33
Sun Sep 15, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would you spend an extra day a week for 1 year working for a luxury
Replies: 27
Views: 2459

Re: Would you spend an extra day a week for 1 year working for a luxury

To those asking questions, let me add some parameters. 1) You get paid time and a half for the job, if you current job offers time and a half 2) The cost of the luxury item's value is what you would make working the extra day. 3) The extra work is exactly what you currently do at work today. Ok, we...
by Goal33
Sun Sep 15, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Would you spend an extra day a week for 1 year working for a luxury
Replies: 27
Views: 2459

Re: Would you spend an extra day a week for 1 year working for a luxury

Since I work M-F. Sounds like the question is would I work an M-Saturday for an extra 20% and the answer is no.
by Goal33
Sun Sep 15, 2019 11:35 am
Forum: Non-US Investing
Topic: One week out of the market?
Replies: 32
Views: 2863

Re: One week out of the market?

This is out of your control sounds like. Just don’t worry about it.
by Goal33
Sun Sep 15, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 89
Views: 8814

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

The other issue with the prepaid plan on att is no international (outside of North America) service. I realize it would be $10 a day, and normally I get a SIM card... But still it was a long way to Sunday to get a SIM card someplace reasonable when you land in Israel on a Friday night without service.
by Goal33
Sat Sep 14, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I don’t know but this teacher success story doesn’t reflect the current reality for teachers. But yes, for teachers that already own homes they can afford in the Bay Area, they’re probably doing fantastic! I think what OP pulled off is admirable but at this point his expenses are maintained in part...
by Goal33
Sat Sep 14, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I think what OP pulled off is admirable but at this point his expenses are maintained in part by his higher networth (housing equity), not his earnings. Goal33 - How are expenses maintained by home equity if you don't tap into the equity? OP - thank you for the in depth post. I appreciate seeing th...
by Goal33
Sat Sep 14, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

What % of current Bay Area residents have lived there since 2010 or earlier? I’d guess 80%. I don’t know but this teacher success story doesn’t reflect the current reality for teachers. But yes, for teachers that already own homes they can afford in the Bay Area, they’re probably doing fantastic! I...
by Goal33
Sat Sep 14, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

You bought your home at extreme low in 2010, otherwise you’d be commuting from Manteca to Silicon Valley. There is an element of good fortune that is enabling your ability to live in tri-Valley Bay Area. What % of current Bay Area residents have lived there since 2010 or earlier? I’d guess 80%. I d...
by Goal33
Sat Sep 14, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

You bought your home at extreme low in 2010, otherwise you’d be commuting from Manteca to Silicon Valley. There is an element of good fortune that is enabling your ability to live in tri-Valley Bay Area. What % of current Bay Area residents have lived there since 2010 or earlier? I’d guess 80%. I d...
by Goal33
Sat Sep 14, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 493
Views: 25958

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

You bought your home at extreme low in 2010, otherwise you’d be commuting from Manteca to Silicon Valley.

There is an element of good fortune that is enabling your ability to live in tri-Valley Bay Area.