Search found 527 matches

by StealthRabbit
Fri Mar 23, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose IRA over Roth?
Replies: 19
Views: 1391

Re: Should I choose IRA over Roth?

Do BOTH...
always run the numbers... some earning yrs are better for either, some less.
by StealthRabbit
Fri Mar 23, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really target to pay 0% Federal Taxes for 12 yrs of Retirement
Replies: 46
Views: 6921

Re: Can I really target to pay 0% Federal Taxes for 12 yrs of Retirement

Yes retire if possible (Sooner the better) Consider running the numbers to do MAXIMUM TIRA to Roth conversions --- keeping your marginal rate >10% (rather than zero). Any $$ you can get into Roth will be a bonus after 70.5 Any reduction in RMD will be a plus (as marginal rate thresholds fluctuate in...
by StealthRabbit
Fri Mar 23, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 6396

Re: Buying vs renting - really tough decision to make

@ age 29 and unmarried & in SEA inflated housing market... the likelihood of moving / relocating BEFORE you get anywhere near BE will be HUGE. (moving by choice / need / spouse / job ...) @ age 29 I was on house #4, but TIED DOWN (bigtime!) not only financially... but also - time / energy / resp...
by StealthRabbit
Wed Mar 21, 2018 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Rental Investment Property
Replies: 6
Views: 1534

Re: Rental Investment Property

I dont think you should payoff the rental mortgage as the rental income is providing for the monthly payment. You are essentially getting the house for free overtime if the house is rented through the tenure or you can sell it for profit. I would pay off primary mortgage not rental mortgage if ther...
by StealthRabbit
Fri Mar 16, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 107
Views: 9843

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

34yrs old, happily married with 2 awesome kids (2 & 4 yrs old) . Priorities... I set my fleet of racing MC and cars aside during the 18 yrs kids were @ home. You just 're-calibrate' 'fun' ... Kids (and spouse) are with you such a short time... invest in them (much cheaper than a divorce). We ch...
by StealthRabbit
Wed Mar 14, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to take advantage of getting a new job and side gig
Replies: 4
Views: 907

Re: Trying to take advantage of getting a new job and side gig

.Re: Trying to take advantage of getting a new job and side gig For the many ‘future readers’ who may not have $300k combined income.... For many yrs I lived on my PT job income and 100% of my FT job went into retirement savings / alternative investments. Thus... I was able to raise a family on a s...
by StealthRabbit
Wed Mar 14, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What address do people put if they live in their car?
Replies: 37
Views: 6299

Re: What address do people put if they live in their car?

Most states will require a physical address before issuing DL or vehicle Tags. 1) common to use friends or family addy. (out of state students have done this for 100 yrs.) 2) income tax free SD has a one night per lifetime domicile residency requirement. (FT RVrs use SD for DL / voting, and sales ta...
by StealthRabbit
Sun Mar 11, 2018 1:17 pm
Forum: Personal Investments
Topic: Buying a plot of land for retirement
Replies: 35
Views: 4970

Re: Buying a plot of land for retirement

1) wait if possible (things / priorities / objectives change and raw land is a liability / drain on finances and time / energy) 2) if you find the perfect location / lot... then buy ONLY at the right price. (NEVER over-pay for property, it is TOUGH to resell) 3) consider making it cash flow while 'w...
by StealthRabbit
Sat Mar 10, 2018 11:41 pm
Forum: Personal Consumer Issues
Topic: Can I install a new kitchen?
Replies: 19
Views: 2148

Re: Can I install a new kitchen?

BTDT many times, and DW loves the projects and results. I recommend hiring someone to do the countertops, as it is a 'finishing touch' that is very 'in-your-face' obvious to buyers / yourself, and is not so EZ, , fast, nor cheap. I have done many 'hard-surfaces' myself, but appreciate the speed and ...
by StealthRabbit
Sat Mar 10, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block vs TurboTax (spoiler: HRB is awful)
Replies: 88
Views: 11685

Re: H&R Block vs TurboTax (spoiler: HRB is awful)

I find H&R to better meet my needs than TT. I don't import. Have 6 LLC's, farm, and 12 income properties and 14 brokerage accts.+ a few contract (1099's) and wage gigs / yr + international wage and investment income. (60 - 75 page return) Not fun, but I really hated TT 'interview' based input. (...
by StealthRabbit
Sat Mar 10, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 111
Views: 13217

Re: Whole House Natural Gas Generator

FT power backup depends on needs (medical?) / climate / home / location. We are in a very Wicked Weather environment (80 mph freezing rain much of the winter) + blizzards and 100" inch rain / yr (drizzle) 30+ yrs, longest power outage was 4 days. but... the frigid outdoors allowed FREE freezer ...
by StealthRabbit
Sat Mar 10, 2018 11:06 pm
Forum: Personal Investments
Topic: Brokerage diversification?
Replies: 6
Views: 1093

Re: Brokerage diversification?

If you have a large investment portfolio ($2m+) AND prefer to trade your own stuff... Consider a couple brokerages in addition to either VG or Fid. I now do most my trading in my Fidelity, (Roths and taxable) and use VG for longer term / less often traded accounts (TIRA, and rollover) I keep my ToS ...
by StealthRabbit
Wed Mar 07, 2018 3:52 pm
Forum: Personal Investments
Topic: Inherited Commercial Property
Replies: 26
Views: 2580

Re: Inherited Commercial Property

Personally... I luv distressed commercial props that I can get equity and income. and at your age / paid off prop.... I would keep an investment in Commercial prop. (1031 exchange this one if necessary... but seek a 7% NNN or a 10% net rent positive, or a 1% monthly return on valuation.... I.e. if y...
by StealthRabbit
Wed Mar 07, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 65
Views: 6206

Re: Colorado Summer Vacation - what to see and where to stay

Estes Park / RMNP / front range for 4 days (I grew up / 30 yrs in in Estes) Western slope 4+ days... / Glenwood, (hot springs) maroon Belles, Independence Pass, We really enjoyed a stay at Wauna Hot Springs guest ranch (Montrose / gunnison) Personally, I would delay Durango (long drive) until a yr y...
by StealthRabbit
Tue Mar 06, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 8457

Re: Donations to your enrolled public school

our local pubilc schools have 'foundations' which glean millions of $ / yr from the local needy (previous source of donations), and the local public schools can all be supported through our local Community Foundation (of which the $200k/ yr president is ex School superintendent. I took the 'the-othe...
by StealthRabbit
Mon Mar 05, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: wild caught sockeye salmon
Replies: 73
Views: 11323

Re: wild caught sockeye salmon

Salmon... $3/# (While fish) from our local Native American fisheries. ( Columbia River) 10 minute drive for me (in season) several times / yr February- October and a few other times... they clean, fillet or steak for free. Pick out my own, or place an order to be filled in a couple days (few hundred...
by StealthRabbit
Mon Mar 05, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: re-siding house - vinyl or hardiplank?
Replies: 54
Views: 7270

Re: re-siding house - vinyl or hardiplank?

Siding choice is very dependent on; Environment / climate Home style Overhang / protection HOA and code requirements Maint Cost objectives.... Hardie was the worst investment / material choice I made on one of 30+ homes I built or remodeled. In certain cases... it is ok. I hope I never have to live ...
by StealthRabbit
Sun Mar 04, 2018 8:29 pm
Forum: Personal Investments
Topic: Retiring Early
Replies: 22
Views: 8072

Re: Retiring Early

Consider leaving the USA until age 65, there are many ways to do this and some countries gladly accept USA 'medical coverage refugees' Sure, you can do it (retire) on a budget. Track spending... worse case... get a PT J-o-B Retire early, retire often (Practice makes perfect) too much fun to do only ...
by StealthRabbit
Mon Feb 26, 2018 8:05 pm
Forum: Personal Investments
Topic: Shifting from Roth to Traditional worth it ?
Replies: 11
Views: 1349

Re: Shifting from Roth to Traditional worth it ?

run your tax numbers every yr (for best effective rate) , Some yrs I do Roth, some Traditional, some (low tax yrs) I do conversions (usually to Roth). I set my 'desired' effective rate at 8%, and do what I need to to stay there (during earning yrs) I have investment properties, family trust, and DAF...
by StealthRabbit
Mon Feb 26, 2018 7:58 pm
Forum: Personal Investments
Topic: Scottrade migration to TDAM
Replies: 12
Views: 1391

Re: Scottrade migration to TDAM

Since TDAM bought (4) of my previously excellent brokerages, When they nabbed Scott, I bailed to Fidelity and got some nice cash perks.

other reasonable offers exist. There were no transfer expenses.

There are still a few excellent small brokerages left for 'real' trading.
by StealthRabbit
Mon Feb 26, 2018 7:49 pm
Forum: Personal Investments
Topic: Laid off 3 years before plan, should I retire anyway?
Replies: 59
Views: 7479

Re: Laid off 3 years before plan, should I retire anyway?

3 year makes small difference. assume you have 30 years retirment life. then it' just a 10% reduction. Actually, it is best time to do Roth conversion bwteen now till 70 (assume you will take your SS at 70). By retiring 3 years earlier, you got 3 year more healthier year to enjoy for the retire. Mo...
by StealthRabbit
Mon Feb 26, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: 3 layers of roof. Pull my offer??
Replies: 63
Views: 7201

Re: 3 layers of roof. Pull my offer??

Update: - Checked with local town housing code, anymore than 2 layers of roofIng shingles is a violation. - I’m going to speak with a few roofers but I spoke to one today and they looked at the house (online), very well respected roofer and they said it could cost up to $25k to fix, more info neede...
by StealthRabbit
Mon Feb 26, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 58
Views: 8580

Re: Expat Living

Learning: If you want an overseas assignment (and despite what I wrote above, I would not have had it any other way), leave your children at home and retire overseas. I'll respectfully disagree on your kids comment. My father was a US diplomat and I spent a good chunk of my childhood overseas. Reen...
by StealthRabbit
Mon Feb 26, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Moving utilities underground - any experience?
Replies: 11
Views: 2087

Re: Moving utilities underground - any experience?

'depends'... in my WA location, the utility is pleased to assist to do this for aesthetics and service benefit. On personal property I trenched in 800' with double 3" conduit and they pulled in my service Cost me <$1000 and an a weekend on the backhoe ($200 / day if you need to rent one) in my ...
by StealthRabbit
Mon Feb 26, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Perspective on my family tax/health insurance/income situation.
Replies: 9
Views: 1158

Re: Perspective on my family tax/health insurance/income situation.

As mentioned Use the available plan HC at a subsidy. Get an abundant Life Policy (BTDT when my own dad went out of workforce at age 49) I got to care for him for his remaining 32 yrs. Plan for future (income and care) Provide a financial solution for your dependents (trust or similar) I would have t...
by StealthRabbit
Tue Feb 20, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 58
Views: 8580

Re: Expat Living

Escaping the US healthcare system alone seems reason enough to consider it. Not an easy move of course. This (US 'inaccessible / unaffordable' HC) is a necessary issue that will keep many living / moving Overseas. (pre age 65 retirees have few other choices,) https://patientsbeyondborders.com/ but ...
by StealthRabbit
Tue Feb 20, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 126
Views: 15627

Re: ROTH Ira for kids

... If a child has capital gains (or losses) from the sale of securities, Form 8814 is no longer an option, correct? Related question... If the child has capital gains (or losses) from the sale of securities, is the child REQUIRED to file a tax return or do the minimum filing requirements for depen...
by StealthRabbit
Sun Feb 18, 2018 12:52 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 29313

Re: Do people still use AAA?

40 year old daily driver = good idea to have AAA (or towing insurance) I have never had to tow my 40 yo daily driver in for repair. :wink: I bought ONE new car, it got towed for repair a lot! :twisted: AAA has other benefits for international travelers (and those who lock their keys in the car often...
by StealthRabbit
Sun Feb 18, 2018 12:43 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 7127

Re: Best plants to grow to save money for food costs

Lifelong grower here... 1) Know your produce dept and get the culls (Free) 2) Glean Veggies and fruits (local farms ./ producers) (Free) 3) Help with neighbor's gardens / local growers (Free) 4) Volunteer and soup kitchens (Free) 5) hunt (wisely) for mushrooms (Free) 6) Buy fish (Salmon and Sturgeon...
by StealthRabbit
Sun Feb 18, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 14173

Re: What has been your most important skill in achieving financial independence?

The Love of Work Humility to ask for advice from mentors that have "walked the talk". . . and recognize them. . . and also "walk the talk". Broad and Deep Skillset Ambition True Grit Frugality Read; "The Millionaire Next Door" j :D I used the above approach, but will a...
by StealthRabbit
Sat Feb 17, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 9305

Re: How to get child's skin in the game for college?

"skin-in-the-game" + college expenses grows a stiff response / personal child-rearing and entitlement syndrome and responses for a wide variety of situations (each family and child is different)... Your Priorities are expected to be different. (YMMV) but...$0.02 - (I am very partial to exp...
by StealthRabbit
Sat Feb 17, 2018 6:28 pm
Forum: Personal Investments
Topic: Make sense to setup 529 for high school junior?
Replies: 19
Views: 2041

Re: Make sense to setup 529 for high school junior?

If international based (and taxed)... not sure a 529 will be of any value. Consider the bigger picture ... What does the DD plan to do with / about college? If financial expense / immediate payment is the issue... It can be very good financially for parent to actively invest equivalent funds while s...
by StealthRabbit
Fri Feb 16, 2018 4:02 am
Forum: Personal Investments
Topic: Roth IRA - Trading
Replies: 14
Views: 1686

Re: Roth IRA - Trading

It's bizarre how the incentives around retirement accounts (e.g. very limited contribution limits so if you're aggressive and win it pays off and no taxes on trading) encourage riskier behavior than taxable... Yes, trade away in your Roth. (TAX FREE) True... bizarre 'incentives" for retirement...
by StealthRabbit
Tue Feb 13, 2018 2:05 am
Forum: Personal Investments
Topic: Brokerage or 529's...
Replies: 17
Views: 1435

Re: Brokerage or 529's...

If you get a tax benefit... consider 529 as one of many options. Since we were in an income tax free state (that funds 2 yrs FREE full time college instead of High School), and since my kids paid 100% of college, I didn’t want anything FAFSA considers as attachable to family contribution. (529 and s...
by StealthRabbit
Tue Feb 13, 2018 2:02 am
Forum: Personal Investments
Topic: Brokerage or 529's...
Replies: 17
Views: 1435

Re: Brokerage or 529's...

duplicate - delete
by StealthRabbit
Tue Feb 13, 2018 1:44 am
Forum: Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 2595

Re: Buy or Rent under new Tax Law

Rent for now, maybe forever. Save a down payment to buy positive cash flowing real estate in a good market (a market that can provide strong and consistent returns). Doesn’t need to be residential. Look for 10%+ cap rates. NNN leases (tenant pays taxes, insurance, maint) Build wealth (investment RE ...
by StealthRabbit
Sun Feb 11, 2018 1:21 am
Forum: Personal Investments
Topic: Can’t decide if we’re getting close to FIRE without knowing health care costs
Replies: 30
Views: 2944

Re: Can’t decide if we’re getting close to FIRE without knowing health care costs

Left employment@age 49. 32 yrs with company... At the time... had 3 great options pre A(?)CA. All ‘affordable’ options were dissolved Spouse got very ill, became uninsurable So.... Plan C Currently use medishare (type) when in USA Travel out of USA a lot (all of 2016). Travel policy~$200/ month Medi...
by StealthRabbit
Wed Feb 07, 2018 1:57 am
Forum: Non-US Investing
Topic: Living abroad. Retirement savings options?
Replies: 45
Views: 7225

Re: Living abroad. Retirement savings options?

during my expat yrs, I did not use USA tax advantaged retirement investing options. I grew wealth in different investments (including Real Estate). Wage income is 'fair game' to taxing authorities, yet each country has interesting options (especially Singapore!!!) :moneybag When I came back to USA, ...
by StealthRabbit
Tue Feb 06, 2018 7:33 pm
Forum: Personal Investments
Topic: "Fun" Money to Invest
Replies: 10
Views: 1601

Re: "Fun" Money to Invest

Fun money is great, It will only grow with more aggressive investing position (as recommended) Before long..... start growing wealth, something that can sustain your family. Some service personnel Buy multi family or commercial properties near duty stations, and let the tenants pay them off, so in 2...
by StealthRabbit
Tue Feb 06, 2018 5:07 pm
Forum: Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 2437

Re: Where would you tell a 12 year old to park his money

I say he can invest half in whatever he wants and half in an SP500 index fund and see which is higher by the time hes 18. This does have the possibility of backfiring. +1 Good idea When you say "backfiring" you mean losing the half he played with, or the kid turns out to be a stock-pickin...
by StealthRabbit
Tue Feb 06, 2018 4:56 pm
Forum: Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 2437

Re: Where would you tell a 12 year old to park his money

Agree with previous posters recommending 12 yo be informed and SHARE in the decisions. Started mine in Roth’s at age 12. Some bought and traded stocks, others did Mutuals. All had $16k + by age 18 in Roth’s 1) if at all possible, get that dough out of FAFSA reach (college financial aid). ANY student...
by StealthRabbit
Tue Jan 30, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Harvest Gains on a Rental Property?
Replies: 3
Views: 564

Re: Harvest Gains on a Rental Property?

RE is not simple or fast or cheap.... but many options and benefits exist. Harvesting gains.... 1). 1031 exchange (if you want to defer gains into ‘like-kind’ property. (Rules apply) 2). Convert to primary residence (if reasonable), and meet criteria... (more strict for converted income props) grab ...
by StealthRabbit
Mon Jan 29, 2018 2:07 am
Forum: Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 6166

Re: A Not Paying Off the Mortgage Thread

Debt: Mortgage- 15 year 2.875% with ~13.5 years to go Personally....@age 28 or 48... I would simplify by ‘thanking my lucky stars’ and KEEPING a <3% mortgage That will be paid off in <15 yrs... and GET busy investing in much higher returns (than a tax privileged <3%. ) :confused I like your DAF ide...
by StealthRabbit
Mon Jan 29, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 11633

Re: How much have kids added to your personal finance/expenses?

Good for you for thinking this through, tho... you cannot tabulate the unknowns of dependents ... from medical / special needs kids, drug rehab, private schools, opportunity costs .... we were VERY fortunate. Food, $200- zero... Continued to eat and entertain whole family on $100/ month till kids le...
by StealthRabbit
Mon Jan 29, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 6266

Re: Still working out of greed or fear?

Definitely fear. I need the health insurance. Or... more importantly.... ill spouse needs medical. A(?) CA destroyed all the ‘affordable’ options that were available at our pre-age 50 retirement. 10 yrs later... 2 choices.., $30k/ yr premiums, or leave the USA. Or... find another benevolent employe...
by StealthRabbit
Sat Jan 20, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's your annual cost of living (expenses)?
Replies: 40
Views: 4995

Re: What's your annual cost of living (expenses)?

$40k/ yr for HC and Prop taxes ONLY.... other <$30k
(Wage income =0.... left employment pre age 50)
Married
No kids left at home
HCOL (taxes, housing). Food = Cheap (anywhere in USA I’ve very cheap for food)


Fuel = free (since 1976)
by StealthRabbit
Sat Jan 20, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6575

Re: Discussing a 529 with your kids

Consider discussing college financing about age 12. (So they can prepare!). Ours paid 100% of everything +/-. No 529s (income tax free State with free college instead of High School). No benefit from 529. Ours did ROTH since age 12 (not considered in thier FAFSA) :beer By age 18, each had ~ $100k Fr...
by StealthRabbit
Tue Jan 09, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Real estate going bonkers
Replies: 10
Views: 2506

Re: Real estate going bonkers

In a high market..(bidding wars) ... I would be tempted to wait to buy a personal residence .. or to invest in other (cash flowing) RE. SD will always be high, but ‘adjustments’ will come. I am a strange bird, in that I don’t consider primary residences as assets, but instead liabilities. Too much h...
by StealthRabbit
Wed Dec 27, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 7626

Re: Implications of tax bill on residential real estate (house prices)

The elephant in the real estate room that no one is talking about is interest rates. I can't predict the future but mortgage interest rates are still historically low and the quantitative easing to stimulate the economy after the financial crash has been tapering off so they might be expected to ri...