Search found 527 matches

by StealthRabbit
Wed Sep 11, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 10058

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

Lots of good answers and few, if any confirm a NW figure. Finances is very situation / values dependent. I align with NOW / when there is a need, as there will NEVER be 'enough'. (NW) We set up our DAF for perpetual gifting in our 30's, gave nearly all our 'wealth' / appreciated assets (Stock / prop...
by StealthRabbit
Wed Sep 11, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Industrial land value vs. water/sewer availability?
Replies: 4
Views: 398

Re: Industrial land value vs. water/sewer availability?

As mentioned, hire some pros to evaluate. Talk at length to planning department, look at LT growth plans, understand property owner portion of any utility extensions (can be assessed on frontage, use, potential use.) Dropping 1/4m $ on mandatory utility extensions is peanuts. Be prepared for that, p...
by StealthRabbit
Wed Sep 11, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Roth or Traditional based on tax bracket
Replies: 49
Views: 3005

Re: Roth or Traditional based on tax bracket

BTDT, but Roth has been a true winner. (with much flexibility), unfortunately we still ended up 70% Traditional Qualified IRA / 401k, and tax latitude (manipulation) is much reduced during retirement yrs. If young / early in your working yrs, Consider other strategies to improve tax rates (outside o...
by StealthRabbit
Sun Sep 08, 2019 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Surviving Parent Remarrying - What To Do?
Replies: 40
Views: 5569

Re: Surviving Parent Remarrying - What To Do?

A prenup and an irrevocable trust might defuse your concerns yes, have the discussion with your parent (not to protect yourself, but to protect them / family (deceased) intent.) Gold-digger grabbed my FIL at PW funeral and has purposed to spend every dime BEFORE either one dies. 20+ yrs later has d...
by StealthRabbit
Thu Sep 05, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Timing Retirement to Minimize Taxes
Replies: 14
Views: 1732

Re: Timing Retirement to Minimize Taxes

My DW says that you can never have too much savings. She grew up on a farm and did not have much. So, yes, earning more is better and provides more of a cushion in retirement. You make a great point about choosing your retirement date carefully. I’ve seen many people leave 12/31. If they leave 1/1 ...
by StealthRabbit
Sat Aug 31, 2019 11:24 pm
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 94
Views: 6832

Re: How to help niece improve her driving

1) Time behind the wheel (with a strict and observant mentor) in various circumstances / weather / vehicles. 12,000k miles minimum experience. 2) Realize the consequences of poor driving. (Have insurance agent tell her a few war stories, I had my kids buy there insurance agent lunch 1x / yr, he laid...
by StealthRabbit
Sat Aug 31, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 94
Views: 6832

Re: How to help niece improve her driving

1) Time behind the wheel (with a strict and observant mentor) in various circumstances / weather / vehicles. 12,000k miles minimum experience. 2) Realize the consequences of poor driving. (Have insurance agent tell her a few war stories, I had my kids buy there insurance agent lunch 1x / yr, he laid...
by StealthRabbit
Fri Aug 30, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 23064

Re: When was the most stressful financial time in your life?

Not me (stressed)... But Watching the sheriff kick my parents off our ranch. All but $12k from payoff, when my dad got disabled. I got stressed the next year buying them a house to live in... Signing a 30 yr note. (I was making $1.50/hr, and also needed to settle >$100k of their family debt). I was ...
by StealthRabbit
Fri Aug 30, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cheaper healthcare in Italy?
Replies: 27
Views: 2511

Re: Cheaper healthcare in Italy?

I do live in Italy. The healthcare system is generally quite good. There are big differences, though, between different areas of the country. If you are in Milan, healthcare is top notch. The time needed to see a specialist depends upon what kind of specialist, but it is free. Which allows everybod...
by StealthRabbit
Fri Aug 30, 2019 1:43 am
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 4215

Re: While there is a high school question - my daughter wants to graduate early

as mentioned... the HS staff just wants to keep her around for more of the $8k - $12k funding they will miss when she is GONE. Do her a social favor and allow her to get outta HS ASAP and get on with 'real' life. She has earned it and shows responsibility If dorms is an issue, Have her get a transfe...
by StealthRabbit
Wed Aug 28, 2019 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Pay off house before retirement or have available cash?
Replies: 84
Views: 7417

Re: Pay off house before retirement or have available cash?

I vote keep the 3.3% mortgage and set aside cash flow investments to cover payment for at least the first 10 yrs of 'active' retirement. 1) travel is great, do you have a plan for your home while gone? (I made an apt in basement, so I have someone in my rural home, rent covers much of the monthly ex...
by StealthRabbit
Wed Aug 28, 2019 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning - Attorney vs DIY
Replies: 27
Views: 2178

Re: Estate planning - Attorney vs DIY

Yep, same advice.. Your kids and spouse (and their future) are worth the attorney fee. Simple estate, $1500 should be reasonable. Our estate planning attorney was very helpful / value added. We have restated trust as kids aged (now age 37+) and our financial situation and desires changed. You will w...
by StealthRabbit
Wed Aug 28, 2019 3:48 am
Forum: Personal Investments
Topic: At what age to teach kids about investment
Replies: 19
Views: 1863

Re: At what age to teach kids about investment

start early (4-5? ) earning and saving... and spending.. age 8 - Join 4H, do a project book (costs of production / raw materials for sewing, plans, tracking. later to trades / skills / research) nice 4H scholarships BTW) age 10 - start them in a business (mowing, weeding, snow removal, trimming, gar...
by StealthRabbit
Tue Aug 27, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1532

Re: Long distance property managemnt: fiscally responsible or headache?

I keep investment property that is 2500 miles from home. +/-... If low maintenance, good returns, good renters, equity growth, and you desire to keep it.... Fine. It will provide deductable trips back to actively maintain it. (As allowable). Interest on investment property is 100% deductable. Doing ...
by StealthRabbit
Mon Aug 26, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Following ACA subsidy range for a low income 55 till 65
Replies: 15
Views: 1411

Re: Following ACA subsidy range for a low income 55 till 65

yes, Stay away from the ACA cliff! Keep earnings (+ legitimate deductions) and credits(HSA) work to your advantage, but do not exceed MAGI of $65,840 MFJ (for 2019) https://www.investopedia.com/terms/m/magi.asp turbotax hints: https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-differenc...
by StealthRabbit
Mon Aug 26, 2019 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Marrying earlier for insurance/finances?
Replies: 39
Views: 3139

Re: Marrying earlier for insurance/finances?

Marriage status can be GREAT for College financial aid and insurance rates (male driver rates!!~!)(Income tax rates are not usually of a big marriage benefit when in College). But, ONLY marry when / who you are ready for the lifetime commitment. For some it would be a benefit to be married during co...
by StealthRabbit
Sun Aug 25, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 9276

Re: Do you sacrifice to save?

Savings destined to self or family is not a sacrifice. Saving to give to others may include a sacrifice, but results in a privilege to be part of the life / results of others. (Beyond what you ever could have accomplished on your own.) Most of my career I saved 100% of my FT job, lived on PT income ...
by StealthRabbit
Sun Aug 25, 2019 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Getting equity out of home
Replies: 20
Views: 2228

Re: Getting equity out of home

How long do you plan on staying in this area? Do you have a preferred location / type of home (other than this condo or equivalent?) If you COULD sell... What would it cost to rent the same place ? (more than 1%/ month of capital cost? i.e. $300k condo rent for $3000 / month (hopefully less)) <Most ...
by StealthRabbit
Fri Aug 23, 2019 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Which job? (maybe short term but concerned about job hopping)
Replies: 7
Views: 1106

Re: Which job?

Go for Flexibility in time / contribution / assignments / future growth. Every job is training for your next, don't chase a dead-end. (or strictly wages). Enjoyment with position, customers, coworkers is second only to the job that is best for you and your family. Primary is: Does the company and re...
by StealthRabbit
Thu Aug 22, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2851

Re: Multi Streams of Income to Build Wealth?

Depends on the Mega Corp and their compensation. Sure with a great position and stock options ONE company can feather your hat. Or a spousal income can do similar... My mega wages never exceeded $60k, so... as a single earner family, I had to be a bit more 'creative' to FIRE leave employment pre age...
by StealthRabbit
Wed Aug 21, 2019 11:39 am
Forum: Personal Investments
Topic: 7 years till child attends college...
Replies: 32
Views: 2130

Re: 7 years till child attends college...

In 7 yrs, your kid could have $50k in a Roth (contributions + gains), and FAFSA will not touch it. I matched 100% of kids wages into their Roths from age 12 - 18. If you are a farmer with livestock your kid will have no problem meeting income requirements (A few 4H steers). Even Backyard Chickens ca...
by StealthRabbit
Tue Aug 20, 2019 3:33 pm
Forum: Personal Investments
Topic: where does kids college funds come into play in my plan?
Replies: 24
Views: 2412

Re: where does kids college funds come into play in my plan?

Is there a payoff date / Balloon on your 1.8% Student loans? (Might be worth keeping) I take a different stance on College Funding. (student participation to help with accountability / responsibility, parent helps AFTER graduation (if necessary, and when interest starts)). 1) You could set aside a $...
by StealthRabbit
Tue Aug 20, 2019 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 72
Views: 9203

Re: Vanguard vs. Fidelity??

I have had both for 30 yrs, but consolidating to Fidelity as Vanguard becomes much less user friendly (for international travelers / expat living). Fidelity has more comprehensive services (as banking / billpay / access / referrals to consultants (free) / aggregated accounts and customizable dashboa...
by StealthRabbit
Tue Aug 20, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Credit card annual fee coming up - what to do?
Replies: 25
Views: 3012

Re: Credit card annual fee coming up - what to do?

If not spending / traveling at the moment... I would cancel CC so that you can re-apply in 24 months and receive another bonus.
by StealthRabbit
Mon Aug 19, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Value of continuing education later in career
Replies: 13
Views: 1098

Re: Value of continuing education later in career

Depends on your LT objectives... and... what you like to spend your time doing. Additional courses may not pay additional wages, but might open some future doors / variety. I went back to college (age 50+) at the same time my kids went to college (all of us to different colleges). I completed a new ...
by StealthRabbit
Sun Aug 18, 2019 6:34 pm
Forum: Personal Investments
Topic: Finish paying off home or start a IRA?
Replies: 31
Views: 2719

Re: Finish paying off home or start a IRA?

international stocks and maybe bonds in the Roth (or just a target fund).
generally... you DO NOT do 'conservative investing' in your Roth. (It is "tax free", including earnings!!)

Put the high gainers into Roth,

Sounds like your mortgage is <4%, Keep it. Invest in growth instead.
by StealthRabbit
Sun Aug 18, 2019 6:01 pm
Forum: Personal Investments
Topic: Investing for minors
Replies: 12
Views: 1448

Re: Investing for minors

Did you have to file taxes for them? I kind of don’t want the hassle of doing a tax return for them, so is there a pay threshold for that? A Roth seems like the path I want to go down too. IRS instructions for Dependent income https://www.irs.gov/publications/p929 Publication 929 (2018), Tax Rules ...
by StealthRabbit
Sun Aug 18, 2019 2:39 pm
Forum: Personal Investments
Topic: Where to withdraw money for spending?
Replies: 18
Views: 3092

Re: Where to withdraw money for spending?

Good advice above. Generally one would draw any cash needs from taxable accts (Trad IRA, 401k, 403b, personal accts...) age 65 - 70 to reduce RMD funds. But each personal tax situation / objectives are different. Do run scenarios to suit your objectives (including Roth Rolls). For inheritance... wit...
by StealthRabbit
Sun Aug 18, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: minimize taxable income and prepare for future
Replies: 5
Views: 663

Re: minimize taxable income and prepare for future

LTCG status is a big help to you Has sale of business closed already? (If share in company only, your options are limited) Is there 'real property' associated with any business assets? - not if shares only... (Often a good idea to retain RE in an LLC and continue to lease to new business owner) Ther...
by StealthRabbit
Sun Aug 18, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 12499

Re: Do Bogleheads plan to utilize Independent Living facilities?

Planning for Senior Housing Co-op in our 80's Problem... many Senior housing co-ops have 15 yr waiting lists (but they move fast). in-home care if needed been retired 15_+ yrs, but will likely not make it to age 65. DS will have a great 'estate sale' and likely go direct to Senior housing co-op. (Af...
by StealthRabbit
Sun Aug 18, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable Distributions
Replies: 18
Views: 1457

Re: Qualified Charitable Distributions

I will love the day QCD qualifies to be dropped into DAF (a legitimate 501(c) 3 ) :twisted:


Don't know when that day will come, I have ~10 yrs to help Congress push that concept into approval. (might take that long...) :annoyed
by StealthRabbit
Sun Aug 18, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9399

Re: Taking a break in your 50s: Is it the kiss of death?

I don't know how common that is but do know that it's not an option for any employer I'm familiar with. Most require 8-5pm, 30min plus or minus (so, 7:30 - 4:30, for example.) I do know of one company with 8-6pm and a half-day Friday, but that's mandatory for everyone. Due to 'state mandated commut...
by StealthRabbit
Sun Aug 18, 2019 10:53 am
Forum: Personal Investments
Topic: Investing for minors
Replies: 12
Views: 1448

Re: Investing for minors

Earned income should go to their Roth. I matched their wages 100% until age 18. (They each had over $20k by age 18 and FAFSA (College Fin aid) didn't consider or touch it. They had become very astute traders by then (One a Boglehead). They did amazingly well (investing) during college during post 20...
by StealthRabbit
Sun Aug 18, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Why is Lisbon cheap compared to many of the cities Western Europe?
Replies: 20
Views: 3447

Re: Why is Lisbon cheap compared to many of the cities Western Europe?

Lisbon is nice and inexpensive to visit. Lisbon is a very large city with little industry, but plenty of tourists. Southern Portugal is filled with Euro / UK PT housing / winter retreat. but... Consider rural Portugal, especially the 'frontier' (Bordering Spain). Wonderful walled cities with few peo...
by StealthRabbit
Sat Aug 17, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1602

Re: Kids education planning

kids are so different and situations change... Early bloomers, late bloomers, non-bloomers... A friend of mine had 13 kids and he still didn't figure out the best formula (But he has 13 very interesting and successful kids). Education plan: (time with kid, listen, learn, engage, mentor, and avail ou...
by StealthRabbit
Sat Aug 17, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9399

Re: Taking a break in your 50s: Is it the kiss of death?

You seem to have 'almost' won the game, but apprehensive to cross the line. I left wage income at age 49, never more than a single earner, supporting a family and farm on hourly night shift factory worker wages. (<$60k) You have options (Fortunately) 1) Will current employer allow you a sabbatical? ...
by StealthRabbit
Thu Aug 15, 2019 5:31 pm
Forum: Personal Investments
Topic: Co-op retirement condo
Replies: 8
Views: 885

Re: Co-op retirement condo

USA is not very experienced in Co-op housing, but they exist and are usually quite successful. Study up on co-ops as there are several types (including equity restricted and market rate) I am a co-op fan and would like to find or create a senior cottage housing co-op in a rural area. just a couple r...
by StealthRabbit
Thu Aug 15, 2019 3:04 pm
Forum: Personal Investments
Topic: Laid off - 59yo - advice please
Replies: 44
Views: 7424

Re: Laid off - 59yo - advice please

BTDT @ age 49 Stop the bleeding (control cash outflow) Consider your options and objectives. If you have a prop 13 exclusion ...keep the house !! (and live in it or rent it out if moving elsewhere) DO NOT sell a prop 13 property! Thousands of CA coworkers kept their CA prop 13 homes when relocating ...
by StealthRabbit
Thu Aug 15, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: When to move into retirement
Replies: 72
Views: 6090

Re: When to move into retirement

Run the numbers. Exit when able. (Remembering you will get no more pay, paid vacations, work perks) and.. you may not be able to duplicate a GOOD job, but if you are in a poor job... get out!. Retire early, retire often. Stuff happens which you have little or no control (financial and health and fam...
by StealthRabbit
Tue Aug 13, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Ready to Sell Investment Property - Considerations?
Replies: 7
Views: 733

Re: Ready to Sell Investment Property - Considerations?

If you are truly going to invest in another income property... You would usually coordinate the sale with a 1031 "Like-kind-exchange' to defer any Capital gains. (This requires a 3rd party to do the actual exchange... handle the funds without you touching them) My last 1031 cost me $500, but deferre...
by StealthRabbit
Tue Aug 06, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5974

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

looks like you better invest... Keep 20% out for your 'next' home. (Mortgages are CHEAP!!!, time (Investing) is on your side, long road ahead - changes will be plenty) just another idea... At your age, I took my (taxable) windfalls and stuck them in a Donor Advised Fund, that has been an extraordina...
by StealthRabbit
Tue Aug 06, 2019 7:39 pm
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13640

Re: Buy During This Dip?

for 're-entering' ... (Extra cash / rebalance / putting my 'profit taking peanuts' back in the game...) Looking for a little more drop ~10% + before shopping for more. + watching volumes on the buy side . (There are smarter people than me leading a buying trend) Was a crazy good thing to nab some AA...
by StealthRabbit
Sun Aug 04, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Appealing property tax assessment
Replies: 19
Views: 1641

Re: Appealing property tax assessment

Success and details of PT appeal are very local and RE market dependent. I have contested many times (especial since my PT has gone from <$3 / day, to >$40/ day on same house, no additional improvements (just more worn out)). I have (3) properties within 2 minutes and they vary a lot, tho all simila...
by StealthRabbit
Fri Aug 02, 2019 10:49 pm
Forum: Personal Investments
Topic: Using IRA money to purchase an investment property
Replies: 11
Views: 1566

Re: Using IRA money to purchase an investment property

but... RE in your SD- IRA used according to rules can deliver VERY good returns, especially in a high equity growth AND high rental market and in a Roth. (or invested in businesses or collectibles). Just requested yet another distribution today. (as I have several times for last 8 yrs). It has paid ...
by StealthRabbit
Wed Jul 31, 2019 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees - what's your spending like?
Replies: 36
Views: 4555

Re: Early retirees - what's your spending like?

Everyone will be very different, especially those of us using our homes as banks so we can avoid the greedy banker 'renegotiating' our commercial LOC / mortgages every 5 yrs... FIRE... To me. = 30x, but I can easily live on 12-15x. I departed wage income @ age 49, as single earner, hourly factory wo...
by StealthRabbit
Mon Jul 29, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have or previously had MediShare health insurance? [Health Care Sharing Ministry]
Replies: 20
Views: 2320

Re: Anyone have or previously had MediShare health insurance?

...I'd like to hear from folks diagnosed with a rare cancer or needed brain surgery. That's where the rubber really meets the road ... Not RARE cancer, but (3) breast and (2) prostate COVERED for friends and family. Brain Surgery - niece at age 17 had a rare brain swelling disorder (Not from injury...
by StealthRabbit
Mon Jul 29, 2019 12:56 pm
Forum: Personal Investments
Topic: Advice for parents
Replies: 8
Views: 908

Re: Advice for parents

Situation is not known... (total reserves parents have left to live on) If they were successful in their business and financial management, they likely have a clue how they can survive 50 yrs of retirement. As a child, I would trust them (add to their confidence) and gain their trust to help advise ...
by StealthRabbit
Sun Jul 28, 2019 2:56 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 11495

Re: DAF for church offering? [Donor Advised Fund]

...the reality is that they get a dopamine rush every time they distribute some money,... or, just imagine someone has had 'giving' as a lifestyle for generations.. Yes, this is possible and in-fact a reality in many families (thank goodness). 1) They want to enable perpetual gifting BEYOND their l...
by StealthRabbit
Sat Jul 27, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 11495

Re: DAF for church offering? [Donor Advised Fund]

"'annual PERSONAL commitment' from DAF, as per DAF restrictions." Thanks for pointing this out. I was unaware of IRS rulings in this area, however, I don't believe I would have a conflict as my church does not use 'pledges'. I am six years away from my planned retirement at my 68th birthday. My int...
by StealthRabbit
Sat Jul 27, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 11495

Re: DAF for church offering? [Donor Advised Fund]

after contacting several of my charities, asking their preference, I use semi-annual disbursements from DAF (Based on what best fit their needs. Usually Mid May and Mid Nov. Fidelity ($50 minimum + many more qualified charities) makes it easier than Vanguard ($500 minimum). Both are very simple auto...