Search found 527 matches

by StealthRabbit
Tue Jun 11, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 168
Views: 19763

Re: Which Engineering Discipline for the next 20+ years !!!

What kind of stuff does he like to build in the basement in his spare time? ... Appreciate investingdad, you sound like me. I am a computer engineer, now push papers (design approvals), while the team builds software / systems. Yes, he builds all the science Olympiad stuff. He has built cars in ele...
by StealthRabbit
Tue Jun 11, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Planning for potential second home purchase
Replies: 8
Views: 1312

Re: Planning for potential second home purchase

BTDT... 40 yrs ago... needed to relocate (1500 miles) during a DEAD housing market and 12% mortgage. worked out OK, but DOUBLE housing cost for 4 yrs.... (@ $4/ hr night shift wages, single income family then and now) and currently... (have homes in 3 states). ALL are revenue producing / all but one...
by StealthRabbit
Mon Jun 10, 2019 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Airlines - Value of Free Travel
Replies: 62
Views: 5858

Re: Working for the Airlines - Value of Free Travel

If you can get a GOOD job at a GOOD airline with cross carrier travel... do it! Win:win if you like / need to travel. Be flexible Be creative Be thankful... (As I was PRE- Dr. Dao vs UAL (I have only got bumped ONE time in the last 1.5 yrs, but used to get bumped 3-4x / month = FREE travel while wit...
by StealthRabbit
Fri Jun 07, 2019 10:51 pm
Forum: Personal Investments
Topic: Advice for son
Replies: 14
Views: 2202

Re: Advice for son

Good for him... I would have him run the numbers on taxation estimates and split into Roth and Tira (so that he has both options to exercise (2 pots to fill as makes the most tax sense in the future)) These are 'learning opportunities' and teachable moments. We started our kids in Roth at age 12 and...
by StealthRabbit
Tue Jun 04, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 102
Views: 11630

Re: Walking Cities, potential for retirees

There are some relocation forums with retiree input. (City-data, Sterlings (best places.net) Top retirement...) Need to define the size 'city' and climate you desire. (and budget / tax sensitivity) I prefer income tax free states. Also medical and travel needs. Greenville, SC, and Knoxville, TN are ...
by StealthRabbit
Tue Jun 04, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Attaining a dream job / career satisfaction
Replies: 7
Views: 1100

Re: Attaining a dream job / career satisfaction

We are all very different, and previous posts give insight to that. Your specific requests (quality / rewarding job + work-life balance) speaks to the issues important to you. I was not even considering that, but stumbled onto the right 'employer' to fit me... when I was age 17. (45+ yrs ago) Very f...
by StealthRabbit
Thu May 23, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Changing from owning to renting a home for retirement
Replies: 23
Views: 2311

Re: Changing from owning to renting a home for retirement

I expect to transition from owning to renting, tho more accurately owning a home to owning a 'share' in housing co-op. Or a ROC (resident owned community). More along the lines of Fixed 'Rents' (actually 'reserves / (taxes and Maint)). I travel a lot and am keen on finding (or building) a rural cott...
by StealthRabbit
Thu May 23, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Question
Replies: 24
Views: 3634

Re: Retirement Question

You're Golden. I would consider doing systematic Roth rolls to avoid required future RMDs (in your 80's (70's not bad... they grow as you age)) PT employment / investment windfalls might fund your future travel. Keep an available pot-o-gold, (it can be very inexpensive to travel) <$50k annual spendi...
by StealthRabbit
Thu May 23, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 4264

Re: What to do when you have enough?

"When do you eventually use this money?" a Very different question than... " What to do when you have enough?.. . for HER Question... based upon her relationship / intent of "gift-or"... (If of any relevance) NOW and later... "Significant sum" leads to the potenti...
by StealthRabbit
Wed May 22, 2019 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much house (% of NW) should a retiree have?
Replies: 16
Views: 2089

Re: How much house (% of NW) should a retiree have?

I am a Real Estate investor (in my free time for last 35 yrs in PNW) I lean toward less house (less maint / cleaning / taxes / 'non-performing-capital' (tied up assets), easier to resell). Real Estate is still all about location, location, location ... and desirability of your property to others (in...
by StealthRabbit
Tue May 21, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing Roth Conversion & receive a larger ACA subsidy
Replies: 22
Views: 1276

Re: Postponing Roth Conversion & receive a larger ACA subsidy

... I was Roth converting each year, starting at retirement at age 57. Then, at age 62, ACA was enacted. I maximized ACA benefits by suspending annual Roth conversion plan. Each year ages 62-65, I garnered @ $18k of ACA benefits, combined subsidies and cost-sharing reductions. At annual tax reconci...
by StealthRabbit
Tue May 21, 2019 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 15776

Re: Should I encourage my kids to work in high school/college?

I vote work... a Relevant job if possible (career exploration / skill building / careers leading to certifications. including owning their own businesses. Many in our home school group owned businesses and employed workers by HS age, One of our local homeschool businesses is now doing $10m in annual...
by StealthRabbit
Mon May 20, 2019 1:40 am
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 47
Views: 3703

Re: alternatives to 529 plans

... Best alternative: teach your kids to work and pay for their college. 2 year community college + 2 year major. agree ^^^^^^ also... Started our kids in Roths at age 12 (They had $20k each by age 18) Used FREE FT college instead of HS in our income tax free state https://en.wikipedia.org/wiki/Run...
by StealthRabbit
Sun May 19, 2019 2:24 pm
Forum: Personal Investments
Topic: Help with estimating expenses in retirement
Replies: 16
Views: 1723

Re: Help with estimating expenses in retirement

Thanks. - Added home/auto/life insurance (although I would like to drop our term life insurance at some point). - Added 1% of home value - 5k for home maintenance/yard work etc. - I am adding 25% additional buffer which includes federal/state taxes and misc (is that sufficient?). We will likely tar...
by StealthRabbit
Sun May 19, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: New Car in Texas or Illinois
Replies: 10
Views: 1133

Re: New Car in Texas or Illinois

If buying NEW, get to your future destination and choose the best dealer / support network, and STATE compliant inspection certificate, and to avoid double tax / registration fees.
by StealthRabbit
Fri May 17, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Property Tax vs. Income Tax vs. Sales Tax in Retirement
Replies: 27
Views: 2239

Re: Property Tax vs. Income Tax vs. Sales Tax in Retirement

Ah, but is the question between "more expensive" vs. "less desirable" locations a fair one? For some people there are only 1-2 places they'd be happy; for others 10-12. Also I've visited places in this country that would be fantastic to live, still less than an hour from good me...
by StealthRabbit
Thu May 16, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Property Tax vs. Income Tax vs. Sales Tax in Retirement
Replies: 27
Views: 2239

Re: Property Tax vs. Income Tax vs. Sales Tax in Retirement

There are several 'retirement - relocation - spreadsheet' solutions. I use 'weighted' criteria. 1st... determine your MUST criteria (Climate / terrain / family / interests / medical...) Then drill down.. taxes (not top priority) = many beneficial combinations for retirement. I found; 1) An income ta...
by StealthRabbit
Thu May 16, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Residential lot sale scenario... opinions?
Replies: 11
Views: 1129

Re: Residential lot sale scenario... opinions?

Due to the 'pier' / piling construction requirements, quite extensive and time consuming due diligence is required for buyer. Give them that latitude (at their expense). Offer seems quite fair for bare lot. (not knowing your market) Go for the non-refundable option if you have time. Keep it FSBO dur...
by StealthRabbit
Sat May 11, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Real Estate Rental Investment
Replies: 11
Views: 1205

Re: Potential Real Estate Rental Investment

I have a few rules... (50 yrs as RE investor PT - 30+ property transactions) I prefer multi-tenant NNN commercial to residential. "wisdom" = Don't buy anything with a bedroom! and minimal baths! (toilets) 1) only buy what you can resell tomorrow for 110% (you make your equity gain on your ...
by StealthRabbit
Thu May 09, 2019 9:26 am
Forum: Personal Investments
Topic: Strategy for Selling Appreciated Stocks
Replies: 11
Views: 1206

Re: Strategy for Selling Appreciated Stocks

... you can set up a donor advised fund with VG, Fidelity, Schwab etc and donate stock to it, then donate to various charities as you see fit from that vehicle Mike I set up a DAF during my 30's and used it as a Tax Tool for appreciated stocks during high income yrs (Stock vesting / stock splits / ...
by StealthRabbit
Wed May 08, 2019 12:48 pm
Forum: Personal Investments
Topic: Soon to Retire - Feedback on AA and Readiness Wanted
Replies: 10
Views: 1570

Re: Soon to Retire - Feedback on AA and Readiness Wanted

Great response and timely topic. Similar age / situation / holdings here, tho totally without a spousal SSI contribution to the mix. (built this mess on single earner / night shift factory wages, never greater than $80k (3 yrs with lots of OT)) Added... We need to keep income below $65k for the next...
by StealthRabbit
Tue May 07, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 4715

Re: Educational pathway(s) for future engineer

I hired international positions for Mechanical Engineers. We only took the top 10%, but personally... the best contributors were those with some common sense and relevant work / career experience. 1) Farm kids if you can nab them before someone else hires them. 2) Students who worked there way throu...
by StealthRabbit
Tue May 07, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: If/When Should I make a trust?
Replies: 27
Views: 2931

Re: If/When Should I make a trust?

1) Know your state laws... especially inheritance !!! < $1m may be fine W/o Trust, Some states are matching federal level of $5.6m for inheritance tax. 2) Your personal needs (Custodians for kids, distribution of estate, allocation of assets / business interests and personal holdings, confidentialit...
by StealthRabbit
Tue May 07, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: College credit for HS courses or not?
Replies: 49
Views: 2760

Re: College credit for HS courses or not?

ALWAYS get a transfer agreement with your U BEFORE enrolling in college classes elsewhere. Thank goodness WA state has offered FREE FT college instead of HS for nearly 30 yrs (since 1990). https://en.wikipedia.org/wiki/Running_Start Thus it is possible and often happens to get 100% acceptance of th...
by StealthRabbit
Mon May 06, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 8459

Re: How much do you donate?

Giving / donations is usually very subjective to your 'perspective - of wealth / how much is just enough'. I've just tried to always donate more than I spend on myself . (I drive a 40 yr old car, by choice, so I can give more to others. ) Wish I could donate 90% and live on 10%, but I was an hourly ...
by StealthRabbit
Sat May 04, 2019 11:40 pm
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 7094

Re: College/life prep for young kids

Preparing your kids for independence has a million formulas and every kid / situation is different. Ours are now 12 - 14 yrs BEYOND college and of course we did it all wrong but kids turned out great! So do what is right for you... kids are resilient . 1) Our kids FIRST went to school in college (ag...
by StealthRabbit
Wed May 01, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: job related relocation and real estate cap gain tax exemption
Replies: 8
Views: 512

Re: job related relocation and real estate cap gain tax exemption

Change of employment location more than 50 miles (further than previous commute) is an exceptable exclusion for excluding capital gains. (and easier to obtain than Multiple Births.. (Another acceptable exclusion) https://www.irs.gov/pub/irs-pdf/p523.pdf • You took or were transferred to a new job in...
by StealthRabbit
Sat Apr 27, 2019 2:41 am
Forum: Personal Finance (Not Investing)
Topic: What to pay off home or investment mortage.
Replies: 11
Views: 1444

Re: What to pay off home or investment mortage.

If investment prop is cash flowing adequately, I would keep the interest deduction for the investment home ( 100% offset to income ), and pay off the personal home ( marginal rate offset to income IF you itemize). If possible... and with clear foresight, I would invest the excess until such a time y...
by StealthRabbit
Mon Apr 22, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 79
Views: 11826

Re: Can one own a Porsche 911 that is not a money pit?

... I currently own 4 Porsches, and sold a 1973 911S that I owned for 19 years. I paid $12K for the '73 and it ultimately sold at Gooding for $198K in 2013 ... You will quickly learn which models are most desirable. ... Good luck. do this ^^^ You make your returns when you purchase (for a bargain)....
by StealthRabbit
Fri Apr 19, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 44206

Re: Mr. Money Mustache, SWR, and equity allocation

I don't think that is necessarily true. Of course everybody's work interferes with their life. I don't think other kind of work exists. There might be people with no life except work, but I guess nobody wants there. However the part about unpleasant work is definitely not the main reason for everyb...
by StealthRabbit
Wed Apr 17, 2019 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 22
Views: 2112

Re: Can we afford this house?

Don't forget about property taxes... ! Mine are $44 / day on a house worth much less than $1m. (up from $3 / day due to Californication (unsupported valuations) . 1) yes you can afford it 2) Is it the best choice for your family? (Maybe, maybe not) Much depends on area / equity stability and growth....
by StealthRabbit
Wed Apr 17, 2019 4:18 am
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 4122

Re: "When Adding to Your Retirement Account is a Bad Idea"

RMD is NOT a significant concern for most 'planned' retirement accounts (usually overstated burden). Just keep planning (as we have since paying taxes on earnings since age 15...) Run the numbers... if a deductible tIRA benefits you... TAKE it and run. Use the low earning yrs for Roth rolls. (Pre-Me...
by StealthRabbit
Wed Apr 17, 2019 3:31 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1298
Views: 171079

Re: How much money do you need to retire?

.... The few areas in the US with a good year-round climate are HCOL. Moving from good climate to bad climate is a sacrifice. ... As far as climate, one can EASILY own 2 (nicer) homes far cheaper than one home in the HCOL areas that require $5-$10 million to retire. This cheaper option allows one t...
by StealthRabbit
Tue Apr 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 57
Views: 5440

Re: What I don’t understand about Donor Advised Funds...

You gifting is only available on current balance of DAF. You cannot make annual 'Commitments / obligations / pledge' from DAF. You can set up regular gifting (as designated / general fund or whatever...) There is a form to fill out for 'Non-binding-pledge' https://www.fidelitycharitable.org/articles...
by StealthRabbit
Tue Apr 16, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Advice
Replies: 30
Views: 4245

Re: Laid off/Health care?

$600 / month is not bad for COBRA - OK for short term need. other Healthcare option (Not insurance) Healthcare sharing networks (There are 4 in USA) ~$150/ month single https://www.kitces.com/blog/healthcare-sharing-program-review-chm-medicare-lhs-samaritan-health-share-plans/ https://wellkeptwallet...
by StealthRabbit
Tue Apr 16, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Is it a no brainier to donate appreciated shares to a charity?
Replies: 13
Views: 1636

Re: Is it a no brainier to donate appreciated shares to a charity?

What do you have to lose? Reducing your unrealized gains a bit is a bird in the hand and hedge against future uncertainty. Once DAF is setup, it’s pretty frictionless if you’re just using it as a pass-through for immediately gifting shares. Donating appreciated securities... I found this to be best...
by StealthRabbit
Sun Apr 14, 2019 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Site for Car Rental in Major City
Replies: 8
Views: 914

Re: Site for Car Rental in Major City

"off-Airport" rental location can be cheaper (if that is important) Airport tax can be as high as $15-$20 / day, but... some regions tax the entire county same as airport, and getting transport to site and accessible hours can be a problem. (Can use Uber or Lyft if it is worth the savings)...
by StealthRabbit
Thu Apr 11, 2019 11:23 pm
Forum: Personal Investments
Topic: Refinance, pay off, or leave alone rental mortgage
Replies: 8
Views: 778

Re: Refinance, pay off, or leave alone rental mortgage

it depends 1) on your objectives (keep / sell / invest / leverage...) 2) your tax burdens (I keep my income props mortgaged (deductible) to help offset other income) 3) where you get the funds (Available already taxed? / investments / bonds / cash reserves?) Since my RE equity is kept in my RE bucke...
by StealthRabbit
Thu Apr 11, 2019 11:23 pm
Forum: Personal Investments
Topic: Refinance, pay off, or leave alone rental mortgage
Replies: 8
Views: 778

Re: Refinance, pay off, or leave alone rental mortgage

it depends 1) on your objectives (keep / sell / invest / leverage...) 2) your tax burdens (I keep my income props mortgaged (deductible) to help offset other income) 3) where you get the funds (Available already taxed? / investments / bonds / cash reserves?) Since my RE equity is kept in my RE bucke...
by StealthRabbit
Thu Apr 11, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should you use a real estate agent when buying a house? What are your experiences?
Replies: 72
Views: 4607

Re: Should you use a real estate agent when buying a house? What are your experiences?

When BUYING a home... you really need to dig up your own deals (that are not yet offered 'For Sale') By Owner or agent. With computer public data it is very simple to do this with GIS / sales / ownership data (compared to the 'rainy days' I used to spend at the courthouse determining ownership and s...
by StealthRabbit
Thu Apr 11, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Should you use a real estate agent when buying a house? What are your experiences?
Replies: 72
Views: 4607

Re: Should you use a real estate agent when buying a house? What are your experiences?

38 property transactions. (2x) used an agent (at other parties insistence (they needed hand holding)) Those were miserable transactions (slow and complicated). I have successfully closed USA properties in <10 days while living overseas. (not possible with an agent) A RE attorney will cost you about ...
by StealthRabbit
Thu Mar 28, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Home depreciation due to partial rental at sale
Replies: 6
Views: 651

Re: Home depreciation due to partial rental at sale

if we had it to do over again, we doubt that we would have taken the depreciation. AFAIK, you don't have a choice... If it's income property, you MUST take depreciation and / or still recapture the depreciation you should have taken if you didn't. (wen you sell). https://ttlc.intuit.com/questions/2...
by StealthRabbit
Wed Mar 27, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement - hypothetical
Replies: 58
Views: 6186

Re: Early retirement - hypothetical

just sem-retire and spend more time with the kids. If you can successfully do this, congrats! It doesn't matter what other people think. This is huge and will set you free. I'm in this camp. Retire Early, retire often (You can go back to work later (if you must). Kids are home for a very short time...
by StealthRabbit
Mon Mar 25, 2019 10:12 pm
Forum: Personal Investments
Topic: Roth IRA for kids: resale of goods?
Replies: 7
Views: 628

Re: Roth IRA for kids: resale of goods?

If a farmer. .. and earning income from GOODS, there would be an exception. i.e. selling eggs (not 100% of sales price!!!) but the resultant (excluding cost basis) calculated on Form F (Farm income). 4H is a potential option! Sell a herd of market steers! or feeder pigs. Another option... eBay / Es...
by StealthRabbit
Mon Mar 25, 2019 10:08 pm
Forum: Personal Investments
Topic: Roth contributions into retirement
Replies: 5
Views: 712

Re: Roth contributions into retirement

I max Roth when tax scenarios suit my year tax obligations and / goals Healthcare? @ age 60 you may be looking to get ACA (subsidies) If so... (next reader?) you want to keep income low (<$65k) = no Roth Roll or tIRA distributions until age 65. - May want to do Roth withdrawals until age 65 if neces...
by StealthRabbit
Tue Mar 12, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay home for 1 year
Replies: 30
Views: 2250

Re: Work or stay home for 1 year

I differ... as usual... Stay home with kids, work later... if you must. Ideally, you can create a home business with your kids, and none of you will have to work! (outside the home) one of our local 'homeschool' born businesses now has 120 employees and >$10m annual revenue. We took very long and in...
by StealthRabbit
Sat Mar 09, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 18798

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

What are your personal experiences with downside of early retirement? Age 49 FIRE; (with No pension / no HC) 1) Property taxes increased from $3k / yr to $14k / yr (Previously had been $800 / yr. Same home, just more worn out... assessor seems to really like it!) 2) Health Insurance was $300 / mont...
by StealthRabbit
Tue Mar 05, 2019 3:10 pm
Forum: Personal Investments
Topic: Park college savings in a vacation home?
Replies: 29
Views: 2068

Re: Park college savings in a vacation home?

I would not suggest 'co-mingling' funds or objectives, but I understand your dilemma. Consider a broader idea... Vacation home vs Income Property (earnings + equity growth potential and ...NOT an empty residence / non-cash performing asset laying around. ) Plus, great deductability / depreciation / ...
by StealthRabbit
Sun Mar 03, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Vacation Experiences with Big Fam & Young Kids
Replies: 75
Views: 5081

Re: Value of Vacation Experiences with Big Fam & Young Kids

Young kids (and young moms) appreciate a swimming resort week! Maybe you can get some hotel points / perks Older kids (10+) might enjoy a working farm. // adventure / dude ranch. We traveled very extensively (Lived and worked overseas, and spent 20 -50% of our USA time traveling. We should have spen...
by StealthRabbit
Sun Mar 03, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: College Savings - Are we going about this the wrong way?
Replies: 88
Views: 6014

Re: College Savings - Are we going about this the wrong way?

College savings will always be a very 'family / child dependent' equation. For us (30 yrs ago...when with young kids) Income tax free state - (=minimal 529 benefit) No idea if kids would need / want / live to age and health to experience college Minimal extra $ (Caring for a parent + single earner h...