Search found 6921 matches

by JBTX
Thu Oct 08, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5882

Re: Buying second house - dilemma

Keeping and renting current house would be something like $15000 income on $500k of equity if mortgage were paid off. That's a pretty poor return on investment. About 3.0%... As a long-time real estate investor and landlord, I laugh at that analysis. It does not take price appreciation into account...
by JBTX
Wed Oct 07, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5882

Re: Buying second house - dilemma

Keeping and renting current house would be something like $15000 income on $500k of equity if mortgage were paid off. That's a pretty poor return on investment. About 3.0%.

What is the motivation to keep 2 properties?
by JBTX
Wed Oct 07, 2020 8:47 pm
Forum: Investing - Theory, News & General
Topic: Reasons to Use a Roth IRA for Your Emergency Fund
Replies: 18
Views: 1377

Re: Reasons to Use a Roth IRA for Your Emergency Fund

theres a 5 year waiting limit (ok 4 yrs 1 day, if you contribute on Dec 31st) for each contribution though right? better not have an emergency in those 5 years. https://www.schwab.com/ira/roth-ira/withdrawal rules Contributions are always penalty free. Earnings are subject to 5 year rule, but the c...
by JBTX
Wed Oct 07, 2020 12:15 pm
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Re: Need Backup camera for car

1. Have model with screen sitting somewhere on dash 2. Have rear view mirror screen (which detracts from actual rear view mirror functionality) 3. Replace stereo unit with one with screen (current stereo is otherwise fine as is) 1. Takes away from your view of the road. 2. Screen too small to be of...
by JBTX
Wed Oct 07, 2020 10:33 am
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Re: Need Backup camera for car

wolf359 wrote: Wed Oct 07, 2020 10:03 am Do these add-on backup cameras have to be installed professionally, or can you do it yourself? How much does it cost to get it done professionally, and who typically does it? (Electronics store, autobody shop, other?)
Places like Best Buy and Car Toys will install them, for a fee.
by JBTX
Wed Oct 07, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Miami/Everglades during Christmas
Replies: 39
Views: 2477

Re: Miami/Everglades during Christmas

I’d rather stay in a smaller town. Check out Delray Beach. I actually drove up to Delray Beach a few times from Miami- about an hour. Slightly more laid back beach. I liked it. Again we are talking decades ago Living down there about 7 years, I only ventured into the everglades once, a friend and I...
by JBTX
Wed Oct 07, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Miami/Everglades during Christmas
Replies: 39
Views: 2477

Re: Miami/Everglades during Christmas

I’d rather stay in a smaller town. Check out Delray Beach. I actually drove up to Delray Beach a few times from Miami- about an hour. Slightly more laid back beach. Again we are talking decades ago Living down there about 7 years, I only ventured into the everglades one, a friend and I had bikes an...
by JBTX
Wed Oct 07, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Re: Need Backup camera for car

I looked into this for my 2004 CRV. I decided I wanted to replace the stereo so I could have a built in display with Android Auto and Apple Carplay. This is probably more expensive, but it isn't a huge expense. I never did it because I let my son drive the CRV and I got a new car. This is a car we ...
by JBTX
Wed Oct 07, 2020 9:49 am
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Re: Need Backup camera for car

Thanks!
by JBTX
Wed Oct 07, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Need Backup camera for car
Replies: 11
Views: 928

Need Backup camera for car

Need to install backup camera on 2012 Lexus es350 which has no screen. Seems like options are: 1. Have model with screen sitting somewhere on dash 2. Have rear view mirror screen (which detracts from actual rear view mirror functionality) 3. Replace stereo unit with one with screen (current stereo i...
by JBTX
Wed Oct 07, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: Miami/Everglades during Christmas
Replies: 39
Views: 2477

Re: Miami/Everglades during Christmas

Many years ago I used to find the beaches at Key Biscayne (in Miami) a little more subdued, but that has literally been decades ago.
by JBTX
Tue Oct 06, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Which commuting route is, financially speaking, better?
Replies: 23
Views: 1959

Re: Which commuting route is, financially speaking, better?

I viewed tolls as an employment cost, as well as a quality of life issue and frequently paid them when some could have been avoided with small delays.
by JBTX
Mon Oct 05, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Re: Buy late model used Mercedes?

Thanks for all the replies. They were helpful, and a good part of the reason I am steering in a different direction (as suggested by another poster in the thread). DW is ready for a replacement car, so going to move her ES 350 with 150k miles (and a couple of dings and fraying leather seats) to daug...
by JBTX
Mon Oct 05, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Re: Buy late model used Mercedes?

sport wrote: Mon Oct 05, 2020 1:17 pm Can you give her your car and buy a better one for yourself?
Mine is too big but perhaps DWs. But I'd be losing $8k to $10k trade, and the car has about 150k miles. It is still a possibility though.
by JBTX
Mon Oct 05, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Re: Buy late model used Mercedes?

Buy a first generation 4 cylinder Ford Fusion with half the miles for that price from a dealer or half that from a private party. This is a grandma car and they're pretty easy to find with very low miles. They are essentially a Mazda 6, so are more reliable than a run of the mill Ford. The V6 is le...
by JBTX
Mon Oct 05, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Re: Buy late model used Mercedes?

Thanks for the responses. Additional info - Daughter is college age. Not a great driver. Car would be primarily be used for commuting to work. - I looked at carfax. 2 owners over 15 years. Overall pretty clean. No major issues. 7 Years ago a gasket was replaced due to oil leak. Looks like accident ...
by JBTX
Mon Oct 05, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Re: Buy late model used Mercedes?

Thanks for the responses. Additional info - Daughter is college age. Not a great driver. Car would be primarily be used for commuting to work. - I looked at carfax. 2 owners over 15 years. Overall pretty clean. No major issues. 7 Years ago a gasket was replaced due to oil leak. Looks like accident d...
by JBTX
Mon Oct 05, 2020 10:26 am
Forum: Personal Consumer Issues
Topic: Resolved-Buy older model used Mercedes?
Replies: 37
Views: 2349

Resolved-Buy older model used Mercedes?

Edit- decided not to purchase 2005 Mercedes, largely due to feedback here. Handing down DW car to daughter instead. Thanks for all of your feedback! Original post: Looking for replacement vehicle for daughter. Found 2005 Mercedes c320 4 matic with 75000 miles for less than $6000. Individual owner. B...
by JBTX
Sun Oct 04, 2020 7:38 pm
Forum: Personal Consumer Issues
Topic: How accurate are Zillow on house prices estimates?
Replies: 38
Views: 4950

Re: How accurate are Zillow on house prices estimates?

Zillow had my house recently at $344k last I checked . I'm in the middle of a refi which required appraisal and the market value approach came up with $344k. I feel gratified that I had to spend $600 for somebody to tell me my house is worth exactly the zillow amount. I suspect if you live in a subu...
by JBTX
Sun Oct 04, 2020 1:07 pm
Forum: Personal Investments
Topic: Should I buy TIPS in Roth if I think stocks and bonds are overpriced?
Replies: 17
Views: 1584

Re: Should I buy TIPS in Roth if I think stocks and bonds are overpriced?

...Investing premise is that there is large tail risk of inflation or deflation. I'm not quite sure what you mean by "large tail risk." After all, the very nature of a tail risk is that it's small. Do you mean, "a tail risk of a large amount of inflation or defation"? What kind of inflation, or def...
by JBTX
Tue Sep 29, 2020 5:16 pm
Forum: Personal Consumer Issues
Topic: Vacuum for mostly hardwood floors...
Replies: 48
Views: 2811

Re: Vacuum for mostly hardwood floors...

So I was similarly looking to buy a good quality vacuum while back for a mostly hardware/tile house. Ended up getting a decent Riccar from a vacuum store. But since then we also bought one of the robot vacuum's (specific a Roborock S5 from Amazon refurbished for $320) and honestly if we run that th...
by JBTX
Tue Sep 29, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: What are subscriptions that add the most value in 2020?
Replies: 93
Views: 8584

Re: What are subscriptions that add the most value in 2020?

AAA, why so popular? I'm old enough to remember the value of this in the days of yore, but today? Am I missing something here? They offer one number to call for service, and provide service at a regular known fixed cost instead of a random interval variable cost. For areas they don't directly servi...
by JBTX
Tue Sep 29, 2020 12:39 pm
Forum: Investing - Theory, News & General
Topic: "My Financial Toolbox" -- A Gem
Replies: 10
Views: 1598

Re: "My Financial Toolbox" -- A Gem

Do most or all of those and you are pretty much set.
by JBTX
Mon Sep 28, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7616
Views: 524020

Re: Refinance Mega Thread

Looking for advice. I refinanced in March 2020, just before COVID rate drop. Currently 5 months into a 20 yr. fixed at 3.25%. Closing costs in March were $3,500. Mortgage balance at time of refinance was $305,000. I pay $30 month in PMI. I now have an offer to refinance into a 15 year at 2.25%. Loa...
by JBTX
Mon Sep 28, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: unemployed and freaked
Replies: 15
Views: 3398

Re: unemployed and freaked

hi bogleheads, long time lurker. first time poster. i need some help from y'all, and peer pressure to break a few bad habits. i'm a 35 yr old, and i've been unemployed for the last six months. it's starting to wear on me. i am grateful to have picked up a few freelance gigs (i'm in the advertising ...
by JBTX
Mon Sep 28, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: What do Bogleheads think of what happen to Japan?
Replies: 66
Views: 5581

Re: What do Bogleheads think of what happen to Japan?

The argument for US only investing includes the fact that US companies get a big chunk of their revenue, 40% or more from overseas. Japan currently is about 58% a record high. I can't find what it was in 1991, but it's pretty safe to say it was a decently high number. In other words, the fact that J...
by JBTX
Mon Sep 28, 2020 8:27 pm
Forum: Personal Investments
Topic: Should I switch from 401k to Roth 401k
Replies: 41
Views: 3442

Re: Should I switch from 401k to Roth 401k

I’m wondering if it makes sense for me to stop putting money in the 401(k) and start putting it in a Roth 401(k). I am close to 60 and have about five years of work left. My company offers both a 401(k) and a Roth 401(k) . The match amount is the same . All of my investments are with pretax money(4...
by JBTX
Mon Sep 28, 2020 6:24 pm
Forum: Personal Consumer Issues
Topic: Vacuum for mostly hardwood floors...
Replies: 48
Views: 2811

Re: Vacuum for mostly hardwood floors...

We probably have about 2000+ Sq feet. We have a dyson. I'd get the lowest / cheapest model that has the "fluffy" floor a attachment. Use that for spot pickup and visible debris.

Then follow up with 2 eufy 11s robot vacs to get near 100% coverage. They are cheap, quiet and fairly basic.
by JBTX
Sun Sep 27, 2020 3:02 am
Forum: Personal Consumer Issues
Topic: Car Battery issues - SHORT Drive due to COVID (Work From Home)
Replies: 86
Views: 5312

Re: Car Battery issues - SHORT Drive due to COVID (Work From Home)

If you got 5 years out of a battery that's pretty good. I'd be inclined not to worry too much about it. Get one of these just in case: GOOLOO 1200A Peak 18000mAh SuperSafe Car Jump Starter with USB Quick Charge 3.0 (Up to 7.0L Gas or 5.5L Diesel Engine), 12V Portable Power Pack Auto Battery Booster ...
by JBTX
Sun Sep 27, 2020 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off a 1.5% school loan
Replies: 27
Views: 2032

Re: Would you pay off a 1.5% school loan

OP, no don't pay it down. If nothing else, put the money in ibonds over several years. Why iBonds? Does it matter if you expect inflation to be 1% or 2%? Return on everything cash/bond is so low these days that it doesn't make much of a difference. And risk mitigation isn't that different either. R...
by JBTX
Sun Sep 27, 2020 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off a 1.5% school loan
Replies: 27
Views: 2032

Re: Would you pay off a 1.5% school loan

FINANCIALLY, paying off the debt is a mistake. BUT this is PERSONAL finance and has a lot to do with you YOU feel about debt. The mathematical answer is to never pay a penny extra on this. Whether that is right for you is your gut feeling on how you will feel to wake up with no debt whatsoever. Of ...
by JBTX
Fri Sep 25, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 74
Views: 7524

Re: Dave Ramsey Home Affordability Calculator

What is your take on the Home Affordability Calculator by Dave Ramsey? This follows his core rules of home buying: - have 20% down - Total Home payments (including all taxes and fees) shouldn't exceed 25% of take home pay - Only 15 year mortgage allowed since the goal is to pay off the home in a re...
by JBTX
Fri Sep 25, 2020 5:28 pm
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myths of international investing - Fidelity

I have 3 arguments to support investing in international, especially for those who have a few decades or more investing horizon. 1. Home bias eg. Japan in the 80s. This has been discussed to death. 2. International stocks are valued comparatively lower. Some say it will yield low returns and some s...
by JBTX
Fri Sep 25, 2020 5:16 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4251

Re: How to combine finances with your spouse? Recently married/early30s

Not a lawyer, but for that amount of money. I wouldn't think it is worth it. You should be able to clearly demonstrate what you came in with. Everything after that is fair game. 20+ years ago I had similar thoughts, as I was a few years older and had a more accumulated, especially given that was 20 ...
by JBTX
Fri Sep 25, 2020 3:28 pm
Forum: Personal Investments
Topic: Trust investment question
Replies: 7
Views: 633

Re: Trust investment question

Also be aware that Trust tax rates are much higher than individual rates, so that may make a difference in your investment selection.

https://www.greensfelder.com/trusts-and ... tes-trusts

Over $13k in income is taxed at 37%.
by JBTX
Fri Sep 25, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7487

Re: Why buy medical insurance ?

I worked it a somewhat small company, less than 1000 employees. They were self insuranced with a stop loss policy. That threshold was somewhere near 6 figures for a claim. In my role Id see some of those claims exceeding stop loss - there were usually a couple a month. I don't know, maybe 2-3% year?...
by JBTX
Fri Sep 25, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myth's of international investing - Fidelity

"Myth 2: International investing is too risky." Now, of course, they get off the hook by saying "too." But it's no myth that international investing is riski-ER. Not an awful lot, but some, and that shouldn't be swept under the rug. There are all sorts of legitimate ways to say "there is more risk,...
by JBTX
Fri Sep 25, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myth's of international investing - Fidelity

Like I said - "no international" arguments are: - past performance -= future performance - world markets are incapable of correctly valuing international stocks and US exceptionalism. Bogleheads have superior insight on such matters. " - past performance -= future performance " As I pointed out, th...
by JBTX
Fri Sep 25, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myth's of international investing - Fidelity

Like I said - "no international" arguments are:

- past performance -= future performance
- world markets are incapable of correctly valuing international stocks and US exceptionalism. Bogleheads have superior insight on such matters.
by JBTX
Thu Sep 24, 2020 3:45 pm
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myth's of international investing - Fidelity

That's not a balanced perspective. There are certainly downsides to investing outside your home country that should be taken into consideration. Not balanced? Downsides to diversification? The arguments for no international are: Past predicts the future, especially last decade, US will outperform. ...
by JBTX
Thu Sep 24, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: Valuing access to workplace retirement space
Replies: 20
Views: 857

Re: Valuing access to workplace retirement space

In an effort to get back to the initial question (that I partially derailed!): What would people see as the cost of not having the retirement account "space"? 10k? 7k? More? Less? I think it's about 10k on the mid-low end with reasonable assumptions. I realize that in addition to the rate of return...
by JBTX
Thu Sep 24, 2020 2:53 pm
Forum: Investing - Theory, News & General
Topic: Valuing access to workplace retirement space
Replies: 20
Views: 857

Re: Valuing access to workplace retirement space

In an effort to get back to the initial question (that I partially derailed!): What would people see as the cost of not having the retirement account "space"? 10k? 7k? More? Less? I think it's about 10k on the mid-low end with reasonable assumptions. I realize that in addition to the rate of return...
by JBTX
Thu Sep 24, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Quit Hated Job And Take 80% Pay Cut?
Replies: 62
Views: 8265

Re: Should I Quit Hated Job And Take 80% Pay Cut?

If you are that miserable I'd move back. Just a question of timing. I'd be saving a lot more than 30%, if possible while there. If you are spending most of the additional in lifestyle creep and are still miserable it defeats the purpose of being there in the first place. I think the idea of sticking...
by JBTX
Thu Sep 24, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Valuing access to workplace retirement space
Replies: 20
Views: 857

Re: Valuing access to workplace retirement space

I instead used 4% real rate. Over 30 years that is a factor of 3.25. 19500 times 3.25 times.76 = $48k for traditional scenario. 19500 times.76 times 3.25 times.85 = $41k for taxable. I ignored annual dividend impact and assumed taxable all came out at end as capital gains. So the difference is $7k ...
by JBTX
Thu Sep 24, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12890

Re: Myth's of international investing - Fidelity

That's not a balanced perspective. There are certainly downsides to investing outside your home country that should be taken into consideration. Not balanced? Downsides to diversification? The arguments for no international are: Past predicts the future, especially last decade, US will outperform. ...
by JBTX
Thu Sep 24, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: Valuing access to workplace retirement space
Replies: 20
Views: 857

Re: Valuing access to workplace retirement space

I instead used 4% real rate. Over 30 years that is a factor of 3.25. 19500 times 3.25 times.76 = $48k for traditional scenario. 19500 times.76 times 3.25 times.85 = $41k for taxable. I ignored annual dividend impact and assumed taxable all came out at end as capital gains. So the difference is $7k f...
by JBTX
Thu Sep 24, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Dependent care expenses - we're going to lose a ton because of Covid
Replies: 22
Views: 2577

Re: Dependent care expenses - we're going to lose a ton because of Covid

If all else fails, you could potentially find a friend or a sitter to watch kids during your work hours, preferably outside of your house. You could even pay them lump sum for the services until the end of the eligible period. Friend/sitter would have to be willing to give you social security number...