Search found 527 matches

by StealthRabbit
Mon Feb 25, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Selling primary home vs continue as investment property
Replies: 11
Views: 794

Re: Selling primary home vs continue as investment property

If within the 5 yr Capital Gain period... Sell and put $$ into a better RE investment (if you want to be in RE). I prefer non-residential I use the 1% rule... $500k prop needs to bring in $5000/ month gross rents (I buy in markets that support this return. (Or I would rather not be bothered with RE....
by StealthRabbit
Mon Feb 25, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best Side Businesses for Investor with Large Portfolio
Replies: 8
Views: 1441

Re: Best Side Businesses for Investor with Large Portfolio

Most common for this type of investor is to own a few franchises (self managing after you get them set up. Very much depends on individual desires / talents. Some gigs I know of that wealthy investors enjoy... Auto restorers eBay / specialty sales (unique 'profitable' items OP has high knowledge of)...
by StealthRabbit
Mon Feb 25, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Defensive driving course
Replies: 9
Views: 1444

Re: Defensive driving course

Not sure about Geico, but the Smith Driving System is very useful and well recognized in the industry. (I am a CDL driver, FedEx paid for this course, I use the pointers all the time!) I made flash cards and had my kids review the 5 principles daily. (They had a 120 mile daily commute on dangerous r...
by StealthRabbit
Mon Feb 25, 2019 12:32 pm
Forum: Personal Investments
Topic: Playing it safe: How many years of living expenses near retirement?
Replies: 38
Views: 5636

Re: Playing it safe: How many years of living expenses near retirement?

+ the additional variable of your Age @ retirement and Healthcare costs... Retiring pre-age 65 may require financial manipulations to afford / qualify / obtain HC... that are unconventional to 'retirement' planning. The new tax law also brought need for adjustment in my retirement planning. Plan for...
by StealthRabbit
Tue Feb 19, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 27
Views: 3968

Re: Reasonable cost for a forever home?

The wise thing to do is buy or rent for your current needs. If you get a forever home for when you have kids, you will be unsatisfied when they are out of the house and you are wasting space with empty rooms. for the next poster.... $3k rental in a $1-2m housing market is a dream come true. Keep th...
by StealthRabbit
Tue Feb 19, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much do we need in roth IRA to retire?
Replies: 8
Views: 1223

Re: How much do we need in roth IRA to retire?

Since you have a target date (age 58)... Can we guess(?) a pension / retirement income will be available (apart from personal savings?) If not... consider adding some 'wealth building' steps to your plan. Wage income is incremental savings contribution and a very likely target of the future taxation...
by StealthRabbit
Mon Feb 18, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting - What Do You Spend?
Replies: 46
Views: 5897

Re: Retirement Budgeting - What Do You Spend?

NC should be pretty ez to survive on ~ $40k for fixed costs (If not on an EXPENSIVE golf course with HOA, or a coastal exposure (insurance / rebuilding costs) We positioned our 'future retirement' Charitable Giving via a DAF @ age 39 (which is a really handy tax tool during earning yrs). / appreciat...
by StealthRabbit
Sun Feb 17, 2019 4:04 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard
Replies: 54
Views: 9000

Re: Fidelity vs Vanguard

I have both, but will likely transition everything to FID (Including DAF). Vanguard is making it very tough on clients who spend a lot of time traveling internationally (Mandatory Cell Phone security). My USA cell stays in USA while I am traveling overseas, and I buy SIM cards when needed from a var...
by StealthRabbit
Fri Feb 15, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to live well in retirement below the poverty line (not pay taxes)
Replies: 48
Views: 6988

Re: How to live well in retirement below the poverty line (not pay taxes)

Again.. taxes is not your only problem, and may not even BE a problem in retirement years. Domicile in a No income tax state and a LCOL region is a good start (especially if it is 5 minutes across the border to a no-sales tax state) :twisted: (WA-OR-NV, or WY-MT-SD) SD only requires 'One-overnight-p...
by StealthRabbit
Fri Feb 15, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting - What Do You Spend?
Replies: 46
Views: 5897

Re: Retirement Budgeting - What Do You Spend?

"Seasons of retirement" for each of us it will be very different. Since we had early demise parents and some chronic lingering health issues, we chose to run up the spending early in our 'early retirement' (out at age 49, no pension, no healthcare) Travel $40k ~ 40 - 80 % of the yr (We wer...
by StealthRabbit
Wed Feb 13, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Financial Planning / estate posturing with thought of becoming SINGLE (Widow (er)) in near future.
Replies: 4
Views: 975

Re: Retirement Financial Planning / estate posturing with thought of becoming SINGLE (Widow (er)) in near future.

What are your current ages? ~age 60, (in a 'Community Property' & no income tax, but high death tax state) $2.193 million death tax thresh-hold InMyDreams » Tue Feb 12, 2019 7:46 pm Surviving spouse may sell a residence (must have lived in it 2 out of last 5 years) using the full exclusion of $...
by StealthRabbit
Tue Feb 12, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Financial Planning / estate posturing with thought of becoming SINGLE (Widow (er)) in near future.
Replies: 4
Views: 975

Retirement Financial Planning / estate posturing with thought of becoming SINGLE (Widow (er)) in near future.

Retirement Financial Planning / estate posturing with thought of becoming SINGLE (Widow(er)) in future. 3-5 yrs horizon (or actually anytime is possible!) We have the trusts / beneficiaries / pour-over wills..., but seems there is a LOT more prudent planning needed with imminent demise of one of us ...
by StealthRabbit
Mon Feb 11, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 6794

Re: 2 years in community college, then transfer? need opinion please

Thanks for reply guys! good stuff. Keep all questions coming, ... All ACC credits will be transferred. Also, my nephew is not fixed on UT. A&M is also a great school. We will def explore more transfer options. Ragman, you are a success story! I will show my nephew this post. So much good info h...
by StealthRabbit
Fri Feb 08, 2019 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Sell the house or keep it for rent?
Replies: 30
Views: 1995

Re: Sell the house or keep it for rent?

If (and only if) you want RE investments... Sell #3 ASAP (grab the Primary residence tax exclusion). Add this money to future RE (or other) investments as per below. #2 Do a 1031 exchange and get into something that is: 1) Cash Flow positive (commercial preferred if possible) 2) close by, 3) or ... ...
by StealthRabbit
Mon Feb 04, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best sites to evaluate the financial differences between states?
Replies: 20
Views: 1339

Re: Best sites to evaluate the financial differences between states?

I am looking for sources of data, not criteria. If you have a good site, please post it. Not looking for anything else in this particular thread, but thanks. As mentioned up thread... many variations of costs WITHIN a state. You will find Data will best be gathered by YOU for SPECIFIC areas you are...
by StealthRabbit
Mon Feb 04, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is roth conversion worth it in all cases?
Replies: 87
Views: 9391

Re: Is roth conversion worth it in all cases?

I do frequent Roth conversions ONLY when my taxes stay favorable. Conversions are best in LOW income yrs. Since I have taken several 1 yr sabbaticals from work, or frequent time without pay, I have 'low income windows' to do Roth Conversions. I run the conversion scenarios every yr (for last 20yrs),...
by StealthRabbit
Mon Feb 04, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best Retirement / Investment properties right now?
Replies: 9
Views: 896

Re: Best Retirement / Investment properties right now?

this can be one of your 'tools' to help you into retirement. I have done various RE investments from age 19 and they have contributed ~50% to wealth building and are 50% of cash flows in retirement. But you must know your markets and buy right (do not overpay). ALWAYS buy special interest properties...
by StealthRabbit
Mon Jan 28, 2019 3:55 am
Forum: Personal Finance (Not Investing)
Topic: Strategy For Student Loans
Replies: 48
Views: 3774

Re: Strategy For Student Loans

You are doing great, hang in there, and make changes as possible. Reduce loans and figure out a way to defer / transfer those 12% loans to a CC or some other option (even personal secured with a Credit union will be less than 10%). If another family member or retiree could get a 5% HELOC, you could ...
by StealthRabbit
Mon Jan 28, 2019 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 62
Views: 6164

Re: Can I retire?

1) Spend more time with kids while they are home... vs working a JOB you don't need or want? Poof, GONE!!! There are many options for your future (career / CoL choices) There are NO options for future time at home with your HS kids. . We homeschooled and lived internationally, During JR High each of...
by StealthRabbit
Fri Jan 25, 2019 11:12 pm
Forum: Personal Investments
Topic: Investing in a rental property - first time investor
Replies: 21
Views: 1861

Re: Investing in a rental property - first time investor

40 yr RE investor here (in my free time / across 4 states) 1) Never buy something / somewhere you are not willing to live FOREVER (you may have reason to do so) i.e. STUCK with it 2) 1% / month gross rents for ENTIRE capital investment MINIMUM (i.e. $2000/ month for a $200k investment) 3) Must know ...
by StealthRabbit
Fri Jan 25, 2019 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 76
Views: 7645

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

It's impossible to say in 3% it safe. It seems safe but it is not mandatory. What is sure is death. Life is depreciating asset. Each year is worth less and less. Why would you sacrifice a valuable year now for the fear of living in poverty old valueless years? Time passes anyway. When you don't wor...
by StealthRabbit
Thu Jan 24, 2019 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings for Income Manipulation for ACA Purposes?
Replies: 84
Views: 5585

Re: Too Much Savings for Income Manipulation for ACA Purposes?

Having 'too much' in taxable that spins cash / dividends is not a difficult problem to solve. Many ways to solve it. Change investments (easy) Go buy a business with capital assets... investments that have high depreciation / write downs Take any income you need from a Roth, before taxable. or... Pa...
by StealthRabbit
Thu Jan 24, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 76
Views: 7645

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

As above... make plans for a graceful exit (Soon, or at a moment's notice if job makes it necessary) Your numbers / finances are good. Glad you are 'learning' about more reasonable investing allocation I have always been an aggressive saver though, but unfortunately was mostly in CDs and high yield ...
by StealthRabbit
Thu Jan 24, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Retirees, % escalation
Replies: 52
Views: 4117

Re: Health Insurance for Retirees, % escalation

If you're reasonably healthy, you might want to look into the healthcare sharing ministries out there. They can be a fraction of the cost of a health insurance plan and have been solid options for many people for many years now. Have they? I keep waiting for someone to report back on how those plan...
by StealthRabbit
Thu Jan 24, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Taking a Year Off
Replies: 36
Views: 4241

Re: Taking a Year Off

Lots of really good advice here. BTDT several times (Retire early, retire often) Coworker just announced similar today (her 3rd 'sabbatical' and still under age 31, so headed to NZ first! (work visa)) :sharebeer 1) Get an international gig with your company (if possible) BTDT 4x Take months / yr on ...
by StealthRabbit
Sun Jan 20, 2019 9:32 pm
Forum: Personal Investments
Topic: No 529. son in high school
Replies: 19
Views: 2134

Re: No 529. son in high school

... I think the "at worst" situation is that someone pays the extra 0.1%+ annual management fee for the 529 plan (Nevada's Vanguard plan is 0.11%) and then has their child decide not to go to college so there is an additional 10% penalty on the withdrawals. What would be a 529 advantage i...
by StealthRabbit
Sun Jan 20, 2019 9:27 pm
Forum: Personal Investments
Topic: Positive Cash Flow Residential Rental Property Adjustable Rate Mortgage – Payoff or Refi? …any alternatives?
Replies: 1
Views: 209

Re: Positive Cash Flow Residential Rental Property Adjustable Rate Mortgage – Payoff or Refi? …any alternatives?

For tax purposes, ... If cash flowing... I try to keep my income props under mortgage (if reasonable rates) I have used HELOC on personal residence for lower rates to sustain income props (If banks get too greedy). Deducting 100% of HELOC interest as assigned to income prop (income offset) would not...
by StealthRabbit
Sun Jan 20, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing CPA expertise like an hourly financial advisor?
Replies: 6
Views: 757

Re: Accessing CPA expertise like an hourly financial advisor?

I use an Enrolled Agent as an hourly consult ($40) (and do my own taxes on 5 businesses / 12 rentals / + 1099 wage income from various sources)

This guy is GREAT!!! and a wealth of wisdom (+ Cross state issues, as we live on the border, so many transactions in each state)
by StealthRabbit
Sun Jan 20, 2019 6:59 am
Forum: Personal Investments
Topic: Storage facility as investment.
Replies: 25
Views: 2738

Re: Storage facility as investment.

I passed on an opportunity some years ago and it would have been very lucrative. ... If you are a medical professional, then you might look to get involved with other such investors and take a silent partner role to get started. ^^^ recommend the route if you are not well vs in your local RE market...
by StealthRabbit
Sun Jan 20, 2019 6:46 am
Forum: Personal Investments
Topic: Good plan for a young man?
Replies: 18
Views: 1528

Re: Good plan for a young man?

so.. $116 = ~10% of gross? That is what I recommend minimum Your investments look to be a good choice for low maint / low input / reasonable returns. (I.e. 'LT retirement') What is your 'wealth building strategy' ? Wage income alone will not make it (except MAYBE after 30 - 40 yrs ). While young, I ...
by StealthRabbit
Sun Jan 20, 2019 6:30 am
Forum: Personal Investments
Topic: No 529. son in high school
Replies: 19
Views: 2134

Re: No 529. son in high school

options... (do not know where you are located...) 1) Move to income tax free WA State FREE College instead of High School since 1991 (That will save a couple yr tuition) https://en.wikipedia.org/wiki/Running_Start 2) Get your son involved in a serious money making enterprise ... a personal business,...
by StealthRabbit
Thu Jan 17, 2019 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 60
Views: 6513

Re: Furloughed Fed Employee - How to make best use of time

Do something you CANNOT do while working (Worthwhile - study investing / home repairs) (Memorable - Econo spontaneous vacation) (service related - Volunteer) (Time OFF - (I Travel... VERY cheap... Guest homes Free to $20 / night world wide, free fuel (cooking oil)), eat using grocery store reject fr...
by StealthRabbit
Thu Jan 17, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Best kids savings account
Replies: 22
Views: 2520

Re: Best kids savings account

Roth IRA I opened them for kids at age 12. They had income from farm, neighbors, and PT jobs and working on our investment props. Matched 100% of their wages from age 12 - age 18 (into their Roth.) Best part... Fafsa considered ZERO of their Roth for CFA(College financial aid). If in personal saving...
by StealthRabbit
Mon Jan 14, 2019 12:03 pm
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2969

Re: Real estate as part of overall investment plan

Any tips that you could share with a newbie? Thanks ! If you decide to pursue: 1) Never over pay. (I have only bought TWO of 34 properties through an agent... better to find your OWN deals, and VERY ez with internet and GIS) 2) Buy ONLY what is resellable (tomorrow for 10% more = break even) 3. You...
by StealthRabbit
Sun Jan 13, 2019 10:28 am
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2969

Re: Real estate as part of overall investment plan

Real estate is not for everyone and on this site it’s not for anyone. I own commercial real estate (people tend to take care of their property when their business is dependent on it). Current allocation is 36% real estate (not including residents) 34% stocks and 28% bonds 2% cash. That’s the alloca...
by StealthRabbit
Thu Dec 27, 2018 5:28 pm
Forum: Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7486

Re: Massive losses; what if I die?

+1 If you have taxable capital gains this year, then sell that much or more at a loss this week. Don't let wash sales hold you back if that is a problem. do this each and every year till you 'recover' your losses. May need to be creative on capital gains... I like to buy real estate situated in the...
by StealthRabbit
Wed Dec 26, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pass through taxes for rental in WA -- Advice needed!
Replies: 2
Views: 467

Re: Pass through taxes for rental in WA -- Advice needed!

I'm a WA resident, 100% of my rental income (from various income tax free states) is a 'Pass-through' (as it has been for 40 yrs) (I am NOT over $315k in Joint income... :greedy ) Some are held in LLC and some personal and some in IRA's. Was disappointed to be limited to 7.7% effective tax in 2018 (...
by StealthRabbit
Wed Dec 26, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 5078

Re: Working Holidays for extra money.

I would rather JUST work weekends / nights / holidays for premium pay. It is unreasonable to have to sit around and listen to 'cry-baby-dayshifters' Take the money and RUN! Wage income is only a 'tool', use your tools to your advantage.. Get out of there ASAP (when you reach FIRE.).. Working Weekend...
by StealthRabbit
Fri Dec 14, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5962

Re: Forgoing health insurance

consider a healthshare ministry instead. It's not insurance, but it can serve the same purpose and potentially at a much lower expense. If we didn't have healthcare insurance through my employer, we'd probably go that route. as mentioned... Healthshare (~$300 - $500 / month) - it's Been good to man...
by StealthRabbit
Sat Dec 01, 2018 12:21 am
Forum: Personal Investments
Topic: Help with evaluating real estate investments
Replies: 6
Views: 871

Re: Help with evaluating real estate investments

I have found this article helpful in RE investment strategies. (We all have different successes / challenges / interests / objectives) http://fifighter.com/finance/real-estate-thoughts/2014/04/reits-vs-rental-property-comparing-apples-to-oranges/ consider this as well https://seekingalpha.com/articl...
by StealthRabbit
Tue Nov 27, 2018 2:32 am
Forum: Personal Finance (Not Investing)
Topic: List of costs that go away/decrease and increase/appear in retirement
Replies: 69
Views: 6144

Re: List of costs that go away/decrease and increase/appear in retirement

After I retired... my Property taxes went up 400% (same house, just more worn out) Medical (HC insurance) even MORE. Had plenty of choices of $300/ month catastrophic plans when I retired. Now $2800 for A(?)CA Should I choose to have / afford HC insurance :annoyed ) been retired (no pension, no HC) ...
by StealthRabbit
Tue Nov 27, 2018 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Student Debt
Replies: 13
Views: 1602

Re: Student Debt

Have the GF 'enlist'... or consider debt forgiveness working in Gov program (My MD said he learned a LOT that enhanced his future career / skills by serving debt forgiveness on a NA reservation!) Kinda like serving that apprenticeship you never took the time to pay the dues BEFORE the EDU... be grat...
by StealthRabbit
Sun Nov 25, 2018 10:59 pm
Forum: Personal Investments
Topic: DAF and Tax Question
Replies: 9
Views: 779

Re: DAF and Tax Question

Consider your DAF for appreciated stock / vested options. DAF can be a great tool, (Tax, gifting, investment, savings) I like the ability to manage investment options and set up a gifting plan so when you are away from USA for a few yrs, DAF just keeps on passing out the gifting. I switched our DAF ...
by StealthRabbit
Fri Nov 23, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Downing sizing home
Replies: 15
Views: 2675

Re: Downing sizing home

Follow above advice on ' opportunity costs ' and total tax / maint / insurance / cost burden. I would look seriously at stuff like "Retire 10 yrs sooner" and little risk of burdensome costs (taxes) and maint. All that being considered, I would opt for smaller and always (Better) home. (The...
by StealthRabbit
Tue Nov 06, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 17005

Re: How much money are you leaving your kids after you die?

Kids will be the successor donor administrators for the family DAF :sharebeer (Started while we were in our 30's) They can distribute grants to whomever they choose. Or liquidate on a charity of their choosing. All assets (beyond our >$1000 'final' expenses) will flow to the DAF. Including the proce...
by StealthRabbit
Thu Oct 18, 2018 3:56 pm
Forum: Personal Investments
Topic: Help with college age sons Roth IRA options...
Replies: 36
Views: 2172

Re: Help with college age sons Roth IRA options...

On Topic: (IRA is a GREAT place to stash student cash / equity! (FAFSA does not touch it). Our kids did all 3 in their Roths... MF, ETF, individual stocks (I matched their earned income (into Roth) 100% from age 12 - age 18 ~ $20k by age 18) They learned a lot from the experience of systematic contr...
by StealthRabbit
Mon Oct 15, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 90
Views: 7822

Re: When to stop putting money into an older vehicle

$0.10 / mile for repair investments. Look into overall condition of car (will it keep serving?) If I spend $1000 in repair, I only need to get another 10k miles out of that repair. (I often get 4-6x that service) My daily driver is <$0.03/ mile INCLUDING the capital cost of the vehicle. 50 mpg since...
by StealthRabbit
Fri Oct 12, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7971

Re: If I retire to a State that has no State taxes...

BTW: Many FT RV folks use income tax free SD since it only requires one overnight per LIFETIME to become a resident (be careful to NOT trigger residency in another state (rules vary by state). It has become a pain, in that you currently have to return to SD to renew your DL every several yrs. I wou...
by StealthRabbit
Wed Oct 10, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7971

Re: If I retire to a State that has no State taxes...

If you wait to take RMD until you are a FT (or at least meet criteria for resident) of another (income tax free) state, you should not have a problem taking distributions. DO follow this up with ALL states you will be filing tax status for this tax yr. BTW: Many FT RV folks use income tax free SD si...
by StealthRabbit
Tue Oct 09, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 39
Views: 3058

Re: College loan advice?

A student taking out loans is not "skin" in the game. It is the exact opposite. Most college students have no clue how much they are taking out in loans, how much their school costs, and when they get out they get hit with reality. So much for skin in the game. Skin in the game would be w...