Search found 527 matches

by StealthRabbit
Sun Oct 20, 2019 1:15 am
Forum: Personal Finance (Not Investing)
Topic: buying a car online in another state
Replies: 13
Views: 1331

Re: buying a car online in another state

I believe it was a loaner car. Some other possibilities would be; It was repossessed. It was in a fender bender while on a test drive and cannot be sold for new now. etc. For the right price things like that might be OK but it would still be good to have a mechanic check it out before your buy it. ...
by StealthRabbit
Sun Oct 20, 2019 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6717

Re: Can you claim financial independence with kids still in school

Yes, yes, YES... 1000 x yes... (FIRE ASAP!) My idea... Not shared by many :mrgreen: (I am the opposite of a conformist... ask my parents, teachers, bosses, spouse, friends, kids...) :wink: 1) Retire while your kids are home, go back to work (if you must) when they leave home! 2) Start a few family b...
by StealthRabbit
Sun Oct 20, 2019 12:32 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10531

Re: Retiring and Getting Over The Fear of Quitting?

1) You could read "Die Broke" for a quick 'attitude adjustment' as to how much your time is worth (to you). That book really helped a couple co-workers deal with their last 2 yrs of employment. If you have a great job with LOTS of vacation.. keep it till they kick you out. (I miss Paid Vacation, I t...
by StealthRabbit
Thu Oct 17, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2861

Re: Fidelity DAF--how to minimize fees

... We need/desire to do annual grants at a minimum of about 2% of the target balance - but do more when the balance goes above the target. ... We target 10% annual withdrawals from DAF, and try to obtain 10%+ growth. +/- DAF may deplete at age 80+ if we have some lean yrs of growth (likely) Runnin...
by StealthRabbit
Thu Oct 17, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2861

Re: Fidelity DAF--how to minimize fees

... We need/desire to do annual grants at a minimum of about 2% of the target balance - but do more when the balance goes above the target. ... We target 10% annual withdrawals from DAF, and try to obtain 10%+ growth. +/- DAF may deplete at age 80+ if we have some lean yrs of growth (likely) Runnin...
by StealthRabbit
Wed Oct 16, 2019 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: from a Community Foundation or my own checkbook
Replies: 9
Views: 792

Re: from a Community Foundation or my own checkbook

I have utilized DAF for (25+ yrs) great flexibility and service (Fidelity Charitable has won my DAF Acct, I originated at Community Foundation (very limited / expensive services, and they PREFERRED to ONLY fund THEIR agencies. (not my style / value set). Then I moved DAF to Vanguard, very nice, but ...
by StealthRabbit
Wed Oct 16, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 15
Views: 1562

Re: Roth conversion

There are several Roth conversion calculators online. Fidelity ran mine today on Emoney. I had B/E of 7 yrs, which is favorable Doing aggressive Roth conversions doubles my 'end-game' balance. With your large balance in Trad IRA, consider stepping up the conversions a bit. Can you offset contributio...
by StealthRabbit
Wed Oct 16, 2019 2:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2861

Re: Fidelity DAF--how to minimize fees

Yes, DAF fees are the cost of doing business to get an easy place to drop highly appreciated assets for future perpetual gifting. Different strokes... I set mine up 25 yrs ago and grew it enough to perpetually fund my charities / NGO projects (through retirement, and beyond) Kid's inheritance is the...
by StealthRabbit
Wed Oct 16, 2019 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for college savings
Replies: 20
Views: 2032

Re: Suggestions for college savings

Are you living / intend to stay in WY? 529 is not so valuable in an income tax free state . (excellent) College is nearly free in WY $6k / yr tuition at U of WY (great school BTW, I hire engineers from there if / when I can get them) Good teaching college...strong sciences Hathway Scholarship (avail...
by StealthRabbit
Mon Oct 14, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 6175

Re: poor Boglehead sending my kids to college

If kids are 3+ yrs before college...(and you are concerned about costs) 1) Consider CC during or instead of HS. (Free in some states), can get AA before graduating HS, 2 yrs cheap / free college / great education / head start into college life and responsibilities. 2) Set them free for college choic...
by StealthRabbit
Sun Oct 13, 2019 11:13 am
Forum: Personal Investments
Topic: Newly widowed MIL requests help w/ finances and annuities
Replies: 20
Views: 1824

Re: Newly widowed MIL requests help w/ finances and annuities

Make sure you get appropriate tax advice for this year (quickly). There may be some transfers / liquidations prudent to do in 2019.

Her tax thresh-holds will change significantly in subsequent years.
by StealthRabbit
Fri Oct 11, 2019 4:27 pm
Forum: Personal Investments
Topic: Still contribute to my ROTH IRA?
Replies: 17
Views: 1950

Re: Still contribute to my ROTH IRA?

I would run the tax scenarios every yr and always fund the Roth if possible. (Lots of future flexibility + a bank (ability to withdraw contributions, not earnings))

Keep your most aggressive growth assets in the Roth (tax free gains).

in 30 yrs you will be sitting pretty.
by StealthRabbit
Fri Oct 11, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 71
Views: 7010

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

Enticing as it may seem... This thread / subject is a very good example of the 'unknown' downsides to PR crisis. My 12 year old learned this with his first Roth investment... Federal Moog - a huge PR / price drop, to be followed much later by asbestos liability mitigation on a foreign acquisition. O...
by StealthRabbit
Fri Oct 11, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9244

Re: What’s the proper way to pay yourself in retirement?

Good replies - as mentioned 'Correct' method varies per individual goals and accumulation (wealth, income, taxes, health, gifting / spending objectives) I consider the 'Seasons-of-Retirement' in my distributions... yours will vary. 1) Pre age 65 = pre-medicare - spend your excess (May need ACA subsi...
by StealthRabbit
Fri Oct 11, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 4079

Re: Need help !!! US or Canadian universities?

I concur with many; 1) Your current retirement fund status does not have excess to fund a discretionary edu for your son. 2) Your own health needs may dictate a future financial need. 3) Your son is fully capable of being an active and financially participatory element in this decision. 4) With your...
by StealthRabbit
Fri Oct 11, 2019 3:18 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 18783

Re: What are your personal experiences with downside of early retirement?

...downside of early retirement? I miss paid vacations and bonuses For technical jobs / certifications, you have to pay / use your free time to keep certificates / license and continuing ed requirements met. ('what-if insurance') Financially.... 1) Makes it tough to fund 'toys' / special treats you...
by StealthRabbit
Thu Oct 10, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: In home part-time senior care options?
Replies: 13
Views: 983

Re: In home part-time senior care options?

Please provide a region or Zip code, as options vary greatly. Be wise and diligent, but I have found independents to be far better LT support and plan. (Had care of my dad for 32 yrs and my mom has sought and received excellent independent care for last 10 yrs) 1) I would try to find a Health Care W...
by StealthRabbit
Tue Oct 01, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 10360

Re: Car price ratio to NW

My car is 0.001% of my net worth (And I have a very small NW) It is 43 yrs old and still gets 50 + MPG on free fuel. (home grown Bio-Diesel) Not sure that is a 'good-score' for %NW for car. (or NW) but.. "It's PAID for" :wink: I would be quite happy to reduce that number (ie. grow my NW) Car is fine...
by StealthRabbit
Tue Oct 01, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA instead of 529 plan
Replies: 54
Views: 3022

Re: Roth IRA instead of 529 plan

Roth for the Student was a good idea for us. We started when they were age 12, should have started at age 8 (matched 100% of kid's earned income into their Roth until age 18). They made more than enough earned income for annual max Roth contributions. (chickens, eggs, 4-H steers, helping on family ...
by StealthRabbit
Sun Sep 29, 2019 11:24 pm
Forum: Personal Investments
Topic: New to Bogleheads - Want to Rework my Portfolio Investments/Retirement
Replies: 24
Views: 3425

Re: New to Bogleheads - Want to Rework my Portfolio Investments/Retirement

Total fixed expenses as % of income? (Maybe I missed that) 1) ditch (consolidate) the investments with > 0.3% ER and make sure all are achieving their benchmark performance. 2) if 'giving' is in your plan... consider a DAF for appreciated gains. 3) do various tax planning on your changes determine w...
by StealthRabbit
Sat Sep 28, 2019 9:49 am
Forum: Personal Investments
Topic: Staying at Previous Employer's 401k or Rollover to Vanguard Trad IRA
Replies: 8
Views: 632

Re: Staying at Previous Employer's 401k or Rollover to Vanguard Trad IRA

Depends on investment choices, expenses, and how much of your Portfolio you have in 401k.

I prefer to keep 401k when affordable, as it has more liability asset protection than an IRA. (Both get bankruptcy protection, but only 401k has liability protection. ) AFAIK - checked last week.
by StealthRabbit
Thu Sep 26, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 9655

Re: Long Term FAFSA/College Strategy

FAFSA didn't include kids Roth IRA's in expected contribution, Started at age 12, each had ~$20k in Roth by age 18. We matched 100% of their annual earnings into Roth. (until age 18) Free College instead of High School saved them $30K each (Available in 3 states at the moment, ours since 1991) Payin...
by StealthRabbit
Thu Sep 26, 2019 11:40 am
Forum: Personal Investments
Topic: Rentals vs REITs
Replies: 25
Views: 3326

Re: Rentals vs REITs

I prefer this article (FIre Apples and Oranges... Reits) But seems some overlap in Seeking Alpha article. https://fifighter.com/real-estate/real-estate-thoughts/2014/04/reits-vs-rental-property-comparing-apples-to-oranges/ I use tangible RE as another 'tool' in AA / risk planning / wealth building /...
by StealthRabbit
Wed Sep 25, 2019 10:46 pm
Forum: Investing - Theory, News & General
Topic: Buy Low, Sell High... Define High
Replies: 10
Views: 1241

Re: Buy Low, Sell High... Define High

Get rid of the duplicates that have highest expense ratio. Consolidate holdings (fewer accts/ less overlap) Maintain AA (as advised) Troublesome accounts? (PITA customer service?) poof, get rid of them. Simplify and go on 'auto-pilot' If all are in Roths, you have no need to offset tax consideration...
by StealthRabbit
Tue Sep 24, 2019 8:07 pm
Forum: Investing - Theory, News & General
Topic: Favorite daily news feed? (international finance relevant)
Replies: 4
Views: 602

Favorite daily news feed? (international finance relevant)

Does anyone have a current favorite for International news relevant to world finance Free? Subscription? Video, Podcast or txt? (I have Pay-per-byte SLOW internet when in USA, no ability for such things as Youtube/ video feeds) Have not have a TV since 1968, prefer reading and radio. (Any hints on s...
by StealthRabbit
Tue Sep 24, 2019 1:51 pm
Forum: Personal Investments
Topic: Garrett Fee Only
Replies: 18
Views: 2201

Re: Garrett Fee Only

I think you will get more 'relevant' information dealing with someone pursuing YOUR goals / life plan. Even a FIRE blog might be better. There is software to create your income and investment strategy (and good idea to use it, as stuff will change, so YOU can adapt. Generally, I find paid planners (...
by StealthRabbit
Tue Sep 24, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pitfalls in owning a mobile home park
Replies: 16
Views: 2458

Re: Pitfalls in owning a mobile home park

I am not sure how one evicts someone from a mobile home park. Contrary to popular belief, mobile homes generally aren't mobile after the first move. They can't be moved because their condition has deteriorated and they are no longer roadworthy. Yet the building is owned by the tenant. I am sure the...
by StealthRabbit
Tue Sep 24, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pitfalls in owning a mobile home park
Replies: 16
Views: 2458

Re: Pitfalls in owning a mobile home park

This is highly local-specific. You need to check out state, county, and if applicable, city/town laws. Also, find some owners of mobile home parks and ask them what they do with trailers that are left behind. If people are behind in their rent, they won't have the money to move the trailer. You wil...
by StealthRabbit
Mon Sep 23, 2019 5:51 pm
Forum: Personal Investments
Topic: Real Estate investment college town condo?
Replies: 22
Views: 1879

Re: Real Estate investment college town condo?

I love rental properties, even in other states....l... You do not sound interested in any of that. So walk away quickly. In fact, run. Very far, very fast. One of the worst kinds of landlords is a reluctant landlord. agree... if it is not your bag, don't mess with it. If you would be doing this to ...
by StealthRabbit
Sun Sep 22, 2019 4:40 pm
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 9614

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

I’m very overweight in my mega-corp employers stock and I’m ok with it. Historically we have outperformed the S&P500 for the past 15 years or so. I also believe in my employers mission and business plans. ... BTDT in a GREAT and financially stable company, Strong as an OX for over 60 yrs... and one...
by StealthRabbit
Sun Sep 22, 2019 4:31 pm
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 9614

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

it's about 6% of my overall Equity/bond investment portfolio . I got over 130% gain from MSFT. Good place to divest (consider a DAF in that process). Most highly appreciated stuff goes FIRST. (Future gifting) . Don't need to sell it all, just reduce your exposure. 5% is a goo guidleline, Maybe just...
by StealthRabbit
Sun Sep 22, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 8054

Re: Stump Grinder - Ridiculous Side Hustle??

Run the numbers Validate assumptions Consider the time involved (include billing, (COLLECTING), bookkeeping, taxes, reporting, insurance, estimating, moving equipment, fixing... (and fixing again). ) I have a stumpgrinder attachment for my tracked Bobcat, it is the most profitable of (9) attachments...
by StealthRabbit
Sun Sep 22, 2019 3:09 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 11237

Re: I am being asked to retire. Am I ready?

$4m looks good for a dual earner age 55 exit, go for it (consider reducing expenses, but not required). I did so at age 49 with much less than 1/2 your stash, and single earner + mortgage / no HC, no pension, ill spouse. Worked out (still waiting out age 65...) If you desire / need HC... you can be ...
by StealthRabbit
Sat Sep 21, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Living Expense Equity State-To-State
Replies: 13
Views: 1204

Re: Living Expense Equity State-To-State

Living Expense Equity State-To-State There are websites that specialze in this info, BUT.. the problem is regions within a state can be VERY different expense wise. I have (2) properties across the street from each other. One taxed at $8.2 / $1000, the other $14.7 / 1000. All is LOCAL... RE Markets...
by StealthRabbit
Sat Sep 21, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 5607

Re: first house- 1 bedroom vs. 2 bedroom

$1m in the correct RE investment would bring you $10k / month net INCOME. = $3k for rent and $7K for investing / play... if you must...(buy) :twisted: 1bd will probably sell OK in Bay area, but it typically NOT the direction for first home. Your primary error is in starting with a realtor. 34 props ...
by StealthRabbit
Sat Sep 21, 2019 2:45 pm
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 25
Views: 1823

Re: Donor-Advised Funds (DAFs)

... I don't understand what you mean that a DAF is not advantageous for regular systematic funding. In a hypothetical scenario where an investor would be at exactly the standard deduction without lumping, using a DAF to lump charitable deductions in a single year in the 22% tax bracket at $5000 wou...
by StealthRabbit
Sat Sep 21, 2019 12:34 am
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 25
Views: 1823

Re: Donor-Advised Funds (DAFs)

Consider DAF as a very useful tool for abnormally high tax years and for sustained perpetual gifting. (Tho not 'fee-free') ~1% We used our DAF for appreciated stock and Rel Estate windfalls since our 30's, and will be what our kids get instead of inheritance (manage future distributions) Due to fees...
by StealthRabbit
Thu Sep 19, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12390

Re: How do you spend money to gain time? (young family)

spend / out-source / sub-contract?... SIMPLIFY! (your life / family / career) while with toddlers. You get ONE-trip-around-the-block with your kids, then they are GONE! We spent 'opportunity costs' while kids were still at home (they left for college at age 16) We lived very cheap and traveled a lo...
by StealthRabbit
Thu Sep 19, 2019 2:22 pm
Forum: Personal Investments
Topic: Fidelity Review
Replies: 15
Views: 2201

Re: Fidelity Review

Thanks for the detailed post - are all your accounts at Fidelity and if not how do you provide other information? ... Could you comment on how much you had researched ROTH conversions prior to the meeting and if you had general plans for how much to convert based upon your tax rate and other factor...
by StealthRabbit
Thu Sep 19, 2019 2:54 am
Forum: Personal Investments
Topic: Fidelity Review
Replies: 15
Views: 2201

Re: Fidelity Review

Ran a bunch of Scenarios at Fido office today (Using both Retirement Planner and eMoney) I had populated each prior to meeting. Rep had a much more useful interface (he could save out umpteen scenarios by name and then combine them in different scenarios / time periods, different combos.) Was helpfu...
by StealthRabbit
Tue Sep 17, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5756

Re: $2k repairs on $12K car

as mentioned, #1 question is; How long do you plan to keep this car? It will likely be fine till 200,000+ miles (with maint, of which this is) I have a lot of cars (34 at the moment) and have never painted the calipers for cosmetic reasons... I do my own work, so.. ~ $100 - $300 in maint parts every...
by StealthRabbit
Tue Sep 17, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12390

Re: How do you spend money to gain time? (young family)

spend / out-source / sub-contract?... SIMPLIFY! (your life / family / career) while with toddlers. You get ONE-trip-around-the-block with your kids, then they are GONE! We spent 'opportunity costs' while kids were still at home (they left for college at age 16) We lived very cheap and traveled a lot...
by StealthRabbit
Tue Sep 17, 2019 5:26 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6705

Re: Is private wealth management worth it?

@ $20m and age 40, you will have a lot of future options, and you desire a degree of 'self management', so... I would honestly look for some 'mentors' with like value set / growth / investment mindset, and some contacts with Wealth Management experience (not investment guidance). There are a lot of ...
by StealthRabbit
Tue Sep 17, 2019 1:06 pm
Forum: Personal Investments
Topic: Laid off at 62; need to move some money to cash from retirement account
Replies: 21
Views: 4861

Re: Laid off at 62; need to move some money to cash from retirement account

Critical info (I may have missed) 1) Healthcare? If required / eligible for a ACA subsidy (<$64,840 MAGI) that really dictates where you skim your dough for living BEFORE age 65. 2) Tax situation is next concern (I like to use 'enrolled agents' as advisers ~$50 / hr and very tax knowledgeable) 3) Ta...
by StealthRabbit
Mon Sep 16, 2019 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Real Estate Agent if Building a Home?
Replies: 14
Views: 1949

Re: Do I Need a Real Estate Agent if Building a Home?

Keep building and buying totally separate, (as they are very different expertise') An EXCELLENT RE attorney is about 1/10th the price of a realtor, and will resolve, not complicate the process. You must be VERY clear legally on home building contracts, and be sure to have lien releases from every su...
by StealthRabbit
Sat Sep 14, 2019 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Expecting a lay off w/ severance - next steps?
Replies: 16
Views: 2973

Re: Expecting a lay off w/ severance - next steps?

Regarding CPA choices... Shop around, but I have had MUCH better success / creativity using 'enrolled agents' who are specifically trained and continuing ed on tax specific knowledge. (YMMV) I pay my Enrolled agent hourly for tax guidance. My CPA's seem to be far less knowledgeable (and not at all c...
by StealthRabbit
Thu Sep 12, 2019 11:12 pm
Forum: Investing - Theory, News & General
Topic: Baseline income options for early retirees?
Replies: 26
Views: 3396

Re: Baseline income options for early retirees?

If you have a lot of dough and can live on paltry TIPS or CD returns in ER... DO IT! I left employment at age 49 (Hourly night shift worker, single income family... i.e. no windfalls / minimal wealth) Primarily, I took variable withdrawals (based on up years) Considered 72t, but... decided I would r...
by StealthRabbit
Thu Sep 12, 2019 10:50 pm
Forum: Personal Investments
Topic: Teenager wants to save...
Replies: 29
Views: 2297

Re: Teenager wants to save...

Kids and sports! I feel your pain! Put kids into Roth (UGMA) at age 12. Rolled them to 'personal accts' the day they turned 18. Matched 100% up to max Roth / yr (until age 18) They were buying their own sports stuff by age 12, if they so chose... (they had the 'earned income' to do so! :wink: ) The...
by StealthRabbit
Thu Sep 12, 2019 10:39 pm
Forum: Personal Investments
Topic: Education Savings Options vs Retirement Savings
Replies: 9
Views: 1120

Re: Education Savings Options vs Retirement Savings

I am one who feels parental / grandparent College contributions are better kept invested in your own portfolio and pay off your kid's loans with full earnings realized and with 'deflated' dollars, (AFTER they graduate, and interest starts to accumulate). Kids have a lot of options to get very reason...
by StealthRabbit
Thu Sep 12, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Expecting a lay off w/ severance - next steps?
Replies: 16
Views: 2973

Re: Expecting a lay off w/ severance - next steps?

Very VERY important to do tax planning for Severance late in a yr you also have earned income. MUCH better to severance in Jan, Feb!!! sometimes companies will grant that pay-out staggered into next tax year, some companies will put some or all into your deferred funds (Retirement / 401k). if not......