Search found 319 matches

by novemberrain
Wed Jul 01, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10420

Re: A cautionary tale about pensions and wages

Folks, We have a healthcare bubble and a college bubble. The bubbles have to burst sometime. KlangFool Agree. But I like to add that we also have a real estate bubble (because of govt subsidized home loans), a finance bubble (because of frequent bailouts) and maybe a tech bubble (because of lax ant...
by novemberrain
Wed Jul 01, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411531

Re: Share your net worth progression

RocketShipTech wrote:
Wed Jul 01, 2020 9:28 am
It is free to the recipients. What taxes has an 18 year old paid?
The 18 year old will pay those taxes in the future. If I buy a car with a 0-down loan that I have to pay back in future, did I get a free car ?
by novemberrain
Wed Jul 01, 2020 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411531

Re: Share your net worth progression

It's hard to grasp the American system for a European. In most countries studying is basically free (even in the best ranked universities). How is it "free"? Who pays the professors ? :confused The government pays the professors. You realize that when people refer to “free” university they aren’t l...
by novemberrain
Wed Jul 01, 2020 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411531

Re: Share your net worth progression

It's hard to grasp the American system for a European. In most countries studying is basically free (even in the best ranked universities). How is it "free"? Who pays the professors ? :confused Tax payers / the society Yes I know we are all tax payers. But people with higher income will contribute ...
by novemberrain
Tue Jun 30, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411531

Re: Share your net worth progression

Stef wrote:
Fri Dec 20, 2019 10:49 am
It's hard to grasp the American system for a European. In most countries studying is basically free (even in the best ranked universities).
How is it "free"? Who pays the professors ? :confused
by novemberrain
Tue Jun 30, 2020 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6548

Re: Job offer in Bay area - things to consider?

Earthquake, yes it is a distinct possibility in the next few years. But the chance of you personally getting injured are very low in the next big one. For reference, the last big one killed 63 people and injured 3000+ https://en.wikipedia.org/wiki/1989_Loma_Prieta_earthquake This is out of a total B...
by novemberrain
Sun Jun 28, 2020 11:41 pm
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3194

Re: What to do with Home Equity

If 1. S&P crashes more than 50% from today's levels 2. AND you still have rock solid emergency accounts that can cover 2 years of living expenses 3. AND a bank will give you a HELOC Then take the HELOC & invest in S&P index fund after the market crash. That is what I am thinking of doing. The prevai...
by novemberrain
Sun Jun 28, 2020 6:45 pm
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 4966

Re: I am ready to pull the plug! am I ready ?

Unless one of you have health issues, I would work few more years in your situation. yes, please do!! i am curious what you see as a concern as that is why i posted. do you think there isn't enough money or i am too young? You are only 57. And I you are hoping to live till 90+, that is a lot of yea...
by novemberrain
Sun Jun 28, 2020 12:17 pm
Forum: Personal Investments
Topic: Participate in ESPP?
Replies: 28
Views: 1244

Re: Participate in ESPP?

brademac wrote:
Sun Jun 28, 2020 10:09 am
-must hold shares one year before can sell
This clause makes it not worth it. I would advise to not participate in your ESPP.
by novemberrain
Sun Jun 28, 2020 12:14 pm
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 4966

Re: I am ready to pull the plug! am I ready ?

Unless one of you have health issues, I would work few more years in your situation.
by novemberrain
Sun Jun 28, 2020 12:11 pm
Forum: Personal Investments
Topic: Sell when company stock vests or wait 1 year?
Replies: 15
Views: 893

Re: Sell when company stock vests or wait 1 year?

If it is RSU, it will show up as income no matter when you sell. So if you got say 100 stocks at $100 each, then it will show up as $10000 on your W2. Most companies actually withhold RSUs for taxes even before they give it to you. So if company decides to withhold at say 40% tax bracket, then you w...
by novemberrain
Fri Jun 12, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I make this career change?
Replies: 11
Views: 1656

Re: Should I make this career change?

At this age in my life
by novemberrain
Thu Jun 11, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411531

Re: Share your net worth progression

Rough numbers 2005 - 100k 2010 - 280k 2015 - 530k 2020 - 1.8M (after coronavirus shock) 40 yrs old. Both spouses' careers got into high earning mode just 4 years back. At this rate, I hope to hit 5M at age 50; and then continue beyond that. This is one of the best threads on bogleheads imho. Very in...
by novemberrain
Thu Jun 11, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to be a new ophthalmology attending.... Successful job hunting?
Replies: 11
Views: 1469

Re: Preparing to be a new ophthalmology attending.... Successful job hunting?

FWIW, I have observed doctors never move around much. The effort in building up a patient base is quite high, esp in a filed like opthal. Secondly, if compensation is a big part of criteria, exurban or remote areas offer surprisingly higher compensation as compared to desirable city cores. Thirdly, ...
by novemberrain
Thu Jun 11, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Re: Any 529 abusers here ?

willthrill81 wrote:
Sun Jun 07, 2020 10:32 pm
Personally, for investing in my own retirement, I would definitely go with a taxable account invested 100% in stocks, which is extremely tax efficient if held via an index fund, if I had no more tax-advantaged space available.
Thanks. Makes sense
by novemberrain
Wed Jun 03, 2020 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Re: Any 529 abusers here ?

I purposely avoided overfunding my 529s. I enjoyed the 20+ years of tax-free growth for funding the kids educations (still ongoing) but didn't want to pay the higher tax on Gains nor the 10% penalty on gains - don't see how that is better than how I do with a Taxable account (Maryland cash-matching...
by novemberrain
Wed Jun 03, 2020 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Re: Any 529 abusers here ?

It doesn't work out well. I did it for a post a while back. It's fine to overfund if you're planning to roll it over to the grandkids, but really doesn't work well for retirement money. Would you have the url for that post handy by any chance ? thanks Forum rules won't allow him to, but I can. The ...
by novemberrain
Wed Jun 03, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Is voice verification more secure?
Replies: 16
Views: 1749

Re: Is voice verification more secure?

At the speed at which "Machine Learning" is progressing, I wouldn't be surprised if in few years a computer can synthetically generate your voice. For example, a bot could call your phone number, listen to your voicemail greeting, and using that speak new sentences in your own voice
by novemberrain
Tue Jun 02, 2020 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Re: Any 529 abusers here ?

White Coat Investor wrote:
Tue Jun 02, 2020 9:44 pm
It doesn't work out well. I did it for a post a while back. It's fine to overfund if you're planning to roll it over to the grandkids, but really doesn't work well for retirement money.
Would you have the url for that post handy by any chance ?
thanks
by novemberrain
Tue Jun 02, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5042

Any 529 abusers here ?

I read about HNW people using 529 as a tax shelter. I mean people having like $1M or more in 529 plans spread out across several states and several beneficiaries. Anyone like that here ? I am curious to know how the math works out. Edit. 1. When I say "abuse", I mean using the account for purposes o...
by novemberrain
Wed May 20, 2020 12:32 am
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

Thanks everyone again. Lots of suggestions for using a shoebox and place it in some random spot. The problem with that is that we have housekeepers that go into every room (except one) in the house. Of course I don't follow them around. So if I keep said shoe box in a random spot, it is highly likel...
by novemberrain
Mon May 18, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

whomever wrote:
Mon May 18, 2020 9:19 pm
"Unlikely. It would take hours."

What are you planning to use for beams?
I don't know yet. I didn't think too much about that aspect. I just learnt from these answers that it is relatively easy to hack saw a metal bar.
by novemberrain
Mon May 18, 2020 9:29 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

1)The normal practice is to use heavy screws or lag bolts to bolt it to the studs/jousts/rafters (with the bolt heads inside the locked box). If you can span a few joists/studs/rafters then a thief has to cut those to remove the safe, all of which takes time. 2)If you do weld in an attic, be veeeee...
by novemberrain
Mon May 18, 2020 9:17 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

Are the beams in the floor of the attic strong enough to hold the weight you plan to put up there? Since the building was not designed for this, it could be a problem. Why go to all this trouble? Are you keeping large amounts of cash in your house? It is just a small safe. Enough to keep my most im...
by novemberrain
Mon May 18, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

Are the beams in the floor of the attic strong enough to hold the weight you plan to put up there? Since the building was not designed for this, it could be a problem. It is just a small safe. Enough to keep my most important documents and some gold. I don't think the entire safe will weigh more th...
by novemberrain
Mon May 18, 2020 8:53 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Re: Vault Safe in the attic; welded, anyone ?

Welded? Do you have a steel house or steel I beam construction? Not really. Actually let me explain what I meant by welded. So I plan to 1. buy a regular metal vault and haul it up to the attic 2. weld long metal bars (much longer than the dimensions of the vaule) to the sides of vault. So it is no...
by novemberrain
Mon May 18, 2020 8:29 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4153

Vault Safe in the attic; welded, anyone ?

I have a small attic crawl space. I am thinking of putting up a Vault Safe in there and kind of weld it there so that it will take a significant amount of time (few hours) for a burglar to remove the vault and carry it out. I am hoping I can foil at least a casual burglar who wants to be in-and-out ...
by novemberrain
Sun May 17, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any advantage/disadvantage to both spouses having a 529 account?
Replies: 7
Views: 700

Re: Is there any advantage/disadvantage to both spouses having a 529 account?

Is there any advantage or disadvantage to my wife also opening up one, with her as the custodian? I have a few I can think of (for my situation personally): You can double your contributions. As I understand, there is a $15000 limit per parent, per child limit for gift tax exclusion. So if you open...
by novemberrain
Sun May 17, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Hacked ID and credit card
Replies: 3
Views: 524

Re: Hacked ID and credit card

I'm a little confused. The fake ID does or doesn't have your name? Best of luck. Thanks Yes, thankfully, they created a new name at least for the fake ID. It was a strange name , but with my address (when I called Avis). So basically someone hacked my credit card number and mailing address when I u...
by novemberrain
Sat May 16, 2020 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Hacked ID and credit card
Replies: 3
Views: 524

Hacked ID and credit card

I was recently affected by credit card hack. Someone rented a car in my name !!! They apparently hacked both my credit card number and my address. Then they rented a car with Avis in a different name with my address; in a different state 2000 miles away. I guess they created both a hacked credit car...
by novemberrain
Sat May 16, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6261

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

I was recently affected as well. Someone rented a car in my name !!! They apparently hacked both my credit card number and my address. Then they rented a car with Avis in my name in a different state 2000 miles away. I guess they created both a hacked credit card as well as some sort of ID in my nam...
by novemberrain
Sun May 10, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10007

Re: $2 million dollar house pre requisites

Search for “mega backdoor Roth”. If your employer allows after-tax contributions and in-service withdraws, you can put up to $57k each into your 401k, broken down by 19.5k employee contribution and 37.5k max for employer match plus after-tax contributions. Thanks. I think neither of our employers a...
by novemberrain
Sun May 10, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10007

Re: $2 million dollar house pre requisites

Whether or not you would rather take out a loan for a car while investing can be a discussion for another thread. They actually already exist on here if you want to here that discussion. My point was just that you should not buy a house that leaves your budget so tight that you NEED to buy/lease yo...
by novemberrain
Sun May 10, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10007

Re: $2 million dollar house pre requisites

I would start with having enough income to pay for your housing while still saving 20% towards retirement, paying cash for everything else including cars, and meeting any other financial priorities like funding a 529. Additionally, I would want enough accessible liquid assets to pay for at least 2 ...
by novemberrain
Fri May 08, 2020 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 9040

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

This is total garbage. Someone is trying to take advantage of you by pitching you all these crazy schemes. If you throw your money at any of these you will end up very, very sad. Do not do this. This is indeed shady. But these types of schemes are used by the upper middle class (>$1M annual income)...
by novemberrain
Sun May 03, 2020 3:42 am
Forum: Personal Investments
Topic: Diversifying from Amazon stock - help!
Replies: 40
Views: 6344

Re: Diversifying from Amazon stock - help!

I would suggest sticking with amazon stock. It is a 700B company now. I don't see why it cant be a 1 TN+ company in the near future. Amazon is an amazing company. But something going very wrong with Amazon would expose the Topic Author and her husband not only to a likely plunge in the price of the...
by novemberrain
Sun Apr 26, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 107
Views: 10420

Re: lawn care cost

https://www.businessinsider.com/america ... ass-2016-2

Something to think about the environmental impact of lawnt
by novemberrain
Thu Apr 16, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36075

Re: Car Dealers not really wanting to make a deal

BeerTooth wrote:
Thu Apr 16, 2020 11:47 am
I can't imagine dropping $30k on a vehicle without at least test-driving it...but maybe some people will?
People may test drive from one dealer and buy from another
by novemberrain
Thu Apr 16, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tech job switch during pandemic: benefits/risks?
Replies: 31
Views: 3256

Re: Tech job switch during pandemic: benefits/risks?

read your contract. there's non-compete and then there's non-solicit, and a client poaching you clearly falls in the latter and is much more enforceable than the former. Software companies almost never enforce non-competes. Especially in the Bay Area. Massachussetts is the only state I know that en...
by novemberrain
Fri Apr 03, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How often can you make payments on your mortgage?
Replies: 11
Views: 610

Re: How often can you make payments on your mortgage?

I am currently paid 4 months ahead on my mortgage. I used 0% interest credit cards for 3% cashback and Plastiq (which charges a 2.5% fee) to hit $10,000 in minimum spends and collect $1000 in bonuses. I will pay a mortgage payment to the credit card companies once a month until they are paid off. W...
by novemberrain
Thu Apr 02, 2020 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting to Buy a Rental?
Replies: 6
Views: 546

Re: Waiting to Buy a Rental?

chevca wrote:
Thu Apr 02, 2020 10:04 am
I'd wait at least until the no rent exceptions are lifted in most places. :happy
Lol :D
by novemberrain
Thu Apr 02, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a New Car in Current Market Conditions
Replies: 17
Views: 1750

Re: Buying a New Car in Current Market Conditions

they still need to sell at a profit??? Is that really true ? Here is my take on it. Say a dealer has $10 Million inventory which they are financing at 3%. So every year they need to pay their banks $300k. Or around $25k per month. Now if nobody is buying anything, would they rather sell a couple of...
by novemberrain
Thu Apr 02, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a New Car in Current Market Conditions
Replies: 17
Views: 1750

Re: Buying a New Car in Current Market Conditions

This is absolutely one of the best time in our lifetimes to buy a new car I believe. Pretty much no dealer in Jan/Feb anticipated the steep sales drop off. So they have plenty of car inventory stocked up. And they have bills to pay. However. Couple of points to keep in mind. 1. A lot of states have ...
by novemberrain
Thu Apr 02, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 744

Re: HELOC to invest in stocks ? Apr 2020

I usually take "HELOC for stocks" threads as a sentiment indicator that we haven't hit bottom yet. When we a real hit bottom, people are usually too scared they'll lose their jobs and stocks will keep plummeting to even ask about borrowing against their house. I agree with you that we haven't hit b...
by novemberrain
Thu Apr 02, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 744

Re: HELOC to invest in stocks ? Apr 2020

Thanks for the advice guys. The reason why I considered it was that bogleheads generally strongly advises not paying off the mortgage and instead invest in index funds ( dollar cost averaged) . I was stupid and paid off my mortgage. Now that the market has crashed 25-30% , isn’t that a good time for...
by novemberrain
Thu Apr 02, 2020 2:00 am
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3745

Re: House Buying Advice - Contract Already Signed

If there is any legal way to get out of the contract, take it; even with up to a 5-10% penalty (if there is such a thing). You can re-evaluate in summer.
by novemberrain
Thu Apr 02, 2020 1:56 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 52811

Re: How Is Your Job Being Impacted By The Current Crisis?

I work in travel related industry. Layoffs are a highly likely possibility in the next couple of months.
by novemberrain
Thu Apr 02, 2020 1:54 am
Forum: Personal Finance (Not Investing)
Topic: bogleheading my car, opinions please. From a Tesla to a Honda
Replies: 84
Views: 5522

Re: bogleheading my car, opinions please. From a Tesla to a Honda

Some while back I asked if I should drive my 5.5 year old Tesla Model S, which is off warranty, into the dirt or sell it. The overwhelming consensus was to drive it into the dirt. I just had the local honda dealer offer me a straight trade for a new 2020 loaded Honda Accord Touring, MSRP $37k, prob...
by novemberrain
Thu Apr 02, 2020 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay fed tax now - or July 15?
Replies: 47
Views: 4302

Re: Pay fed tax now - or July 15?

I have a large tax bill this year. I am hoping that the Govt will write off tax bills this year because of Covid :o
So waiting till Jul to see whether that happens in some shape or form.