Search found 527 matches

by StealthRabbit
Tue Dec 31, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11266

Re: How much were you able to save this year?

Apart from fulling funding HSA, + Catchup IRA... Significantly a negative Income / savings yr (FIRE), that's OK. Ate well, traveled alot > 70% of the time, gave a lot away. (had more than I needed, as I have since age 15) Still kick'n, hoping to make it to medicare age! 60%+ savings rate during care...
by StealthRabbit
Tue Dec 31, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5232

Re: To what do you owe your ability to forego spending now and save for your future?

To what do you owe your ability to forego spending now and save for your future? My Grandparents.. . getting paid for work done today via "Calves".... = 24 month+ Delayed / fragile / fleeting compensation. (Especially when they died... coyotes, blizzards, disease, injury, Livestock market price tum...
by StealthRabbit
Sat Dec 28, 2019 1:22 pm
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5443

Re: Should I sell my farmland and buy stocks?

Keep and invest the money your get from renting. What are your other sources of income / savings? Will you ever return to this land? (May not be affordable in the future) I consider it best to be balanced in investments / wealth, education / career. Farmland is not a high immediate return investmen...
by StealthRabbit
Sat Dec 28, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Prefer spending money on investing rather than "things"? Is this weird?
Replies: 37
Views: 2825

Re: Prefer spending money on investing rather than "things"? Is this weird?

Many events in life will focus your attention to appropriate spending for you. My grandparents and benevolent employer taught me about giving to others in need, and my parents taught me about the futility of striving for really nice housing and cars. (they lost "everything" AFTER retirement, includi...
by StealthRabbit
Sat Dec 28, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up my 16 year old son for financial success
Replies: 62
Views: 4690

Re: Setting up my 16 year old son for financial success

I'm encouraged by the multiple: Get a job (relevant if at all possible) Start a business Match wages to Roth Boglehead style financial training... I too, believe the jobs can be a benefit to both the college entrance and certainly the college learning / student contribution to courses (coming from a...
by StealthRabbit
Fri Dec 27, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up my 16 year old son for financial success
Replies: 62
Views: 4690

Re: Setting up my 16 year old son for financial success

Do what I did. Set up a Roth IRA in his name and contribute my $ to it equivalent to his W2 earnings. Make it an index fund. Then each year watch his eyes pop when he sees year end statement. It will make him, like my kids, a believer in saving and investing. Good luck. Setting up my 16 year old so...
by StealthRabbit
Thu Dec 26, 2019 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Thoughts on House Size to Family Size
Replies: 53
Views: 4282

Re: Boglehead Thoughts on House Size to Family Size

Rural or city? (lifestyle - ? We have renter families who never go outdoors, yet our 'farming' family seldom, goes indoors (no TV might share part of that reason) ) Climate? (is outdoors available for play / space / outdoor cooking?) I vote 3 bedrm ~1800sf with a full daylight basement / separate li...
by StealthRabbit
Wed Dec 25, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 95
Views: 13935

Re: Your Monthly Cost of Living

...3k range but having kid and wife drives expenses up materially. Yeah.... No more Van living once family exceeded (1). (darn). +/- ~$2800 - $3800 / month early retirement budget. (HC is the wild card) $1200/ month property taxes is a big % that most people will not have such a big hit. Income tax...
by StealthRabbit
Wed Dec 25, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: buying 2nd home
Replies: 18
Views: 2503

Re: buying 2nd home

We have multiple living spaces at each of our additional homes, and keep LT tenants, usually retirees. (All are rural / view / need babysitting and maintenance.). Provides for deductible trips and expenses, as well as healthy depreciation offset to earnings. We plan to sell homes by age 75, and 1031...
by StealthRabbit
Wed Dec 25, 2019 12:44 am
Forum: Personal Finance (Not Investing)
Topic: What NON-frugal thing did you do today?
Replies: 79
Views: 5704

Re: What NON-frugal thing did you do today?

Tipped big Filled the neighbors with firewood (their only heat) Added free food for their table. Bought myself some eggnog at Costco. (Very big splurge for me). 20+ servings per $4.99 chicken kind of frugal. (Will feast on chicken soup stock tomorrow!) I also drive a $35 car that runs on free fuel.....
by StealthRabbit
Mon Dec 23, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: [Deleted]
Replies: 21
Views: 2082

Re: At last: 529 for Homeschooling

Agree, pretty risky to tap a 529 for pre-college expenses. I didn't consider or desire to claim pre-tax $$ for our many Homeschool field trips @ 1-6 month duration. My income tax free state offers free FT college instead of High School, so a 529 would have been of minimal value. Homeschooling, retir...
by StealthRabbit
Fri Dec 20, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your home's price/value per square foot, and does that make it an investment?
Replies: 79
Views: 4096

Re: What is your home's price/value per square foot, and does that make it an investment?

All real estate is local. Valuations and costs and resell vary (a lot) I built my very nice custom view home in a Nationally protected Scenic Area (no more homes allowed) for $38 / SF. Much stone, all natural wood trimmed, many built-ins. The Tax assessor now thinks it's worth over $250 SF (he's wro...
by StealthRabbit
Thu Dec 19, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing Health Care expenses in retirement
Replies: 30
Views: 2663

Re: Minimizing Health Care expenses in retirement

Minimizing Health Care expenses in retirement If you don't have a Golden Plan from previous employer (for supplement after Medicare age), then you may be joining 15m who get their care overseas. (Including many Western Europe retirees with national healthcare) https://www.patientsbeyondborders.com/...
by StealthRabbit
Thu Dec 19, 2019 1:14 am
Forum: Personal Investments
Topic: Any Reason to Not Use Roth IRA for House Down Payment Money?
Replies: 32
Views: 3105

Re: Any Reason to Not Use Roth IRA for House Down Payment Money?

Since you are capped on annual Roth contributions, once it is gone, it can't be replenished. I would look other places for such a small amount ($12k) I had to sell my cars more than once when buying a house (Cars are replaceable). I currently drive a $35 car (for last 40 yrs). There are other ways t...
by StealthRabbit
Tue Dec 17, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance during retirement
Replies: 28
Views: 2808

Re: Health Insurance during retirement

. Pre and post Medicare rates will be quite different if you are retiring prior to Medicare age. . Pre medicare varied $3.13 / month to $2868/ month. Post age 65 I expect to be $400+ each. Premiums only... + Actual cost of care = 1 -4x premiums. I have LTC, and very poor family history. Hopefully w...
by StealthRabbit
Mon Dec 16, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Valuating a business
Replies: 15
Views: 898

Re: Valuating a business

Getting your money back out after two years is a far better result than what happens to most who have a failed business venture. Just saying. ++. I have watched too many fail. Ugly in the end. Be honest, be prudent, be quick. Chalk it up to experience. Shake off the dust,...& Move on a wiser and mo...
by StealthRabbit
Mon Dec 16, 2019 4:12 am
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3472

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

... I actually thought about editing my post to say "nor STATE borders," but opted against it! :D Perhaps I should have saved my comment for Hawaii! In Hawaii at the moment. Enjoying some $39 SWA flights w/ free companion. $79 to get here from Oakland. (One came free).... Dave Ramsey would be proud...
by StealthRabbit
Mon Dec 16, 2019 2:02 am
Forum: Personal Investments
Topic: Future Rental Property
Replies: 28
Views: 2317

Re: Future Rental Property

DW and I have 12 units, and managing them is just about the right amount of work for me as a part-time job in retirement. ... the income is a significant part of our retirement. Exactly my reasoning for getting into rentals, went out of state primarily for cash flow and affordability. ... I took a ...
by StealthRabbit
Sun Dec 15, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Gifts to your employees- how much?
Replies: 113
Views: 7496

Re: Gifts to your employees- how much?

How about a Christmas turkey or goose?

Those were the days... :D
by StealthRabbit
Sun Dec 15, 2019 9:05 am
Forum: Personal Investments
Topic: Comment on my Donor-Advised Fund strategy
Replies: 43
Views: 2045

Re: Comment on my Donor-Advised Fund strategy

Using Vanguard. Do not use Vanguard Charitable unless you are OK with their $500 minimum grant. .... There are choices. I use Fidelity Charitable. I too switched from Vanguard to Fidelity for my DAF, but both are quite similar in costs, but as mentioned VG has $500 minimum (which was OK). I was not...
by StealthRabbit
Sun Dec 15, 2019 8:40 am
Forum: Personal Investments
Topic: Real estate vs Stock Market return comparison in an IRA
Replies: 5
Views: 517

Re: Real estate vs Stock Market return comparison in an IRA

Seems to me... $41,000 capital investment plus $51,680 net total income @ $8760/ yr net x 8 yrs (based on your numbers) plus +$39,000 equity gain (valuation increase) =$131,680 value as of today (perceived value until 'realized' ) Total monetary benefit to date = $90,680 earnings on $41k investment ...
by StealthRabbit
Sun Dec 15, 2019 3:43 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit a gift check made out to a child?
Replies: 28
Views: 4221

Re: How to deposit a gift check made out to a child?

Thanks for posting the 'Follow-up', I hope Jr doesn't read it and get ideas (lawsuit against mom...) This is how I understood the UTMA / gifting, which is nice cuz I want to be a tax pro when I grow up. (maybe next life) Difference Between UGMA and UTMA (UTMA allows more time for Jr to 'Mature') htt...
by StealthRabbit
Sun Dec 15, 2019 3:29 am
Forum: Personal Finance (Not Investing)
Topic: Unemployment insurance with severance pay?
Replies: 20
Views: 1492

Re: Unemployment insurance with severance pay?

1) Probably eligible for Unemployment 2) Might be eligible for job retraining funds (such as TAA benefit) depending on nature of job / layoff. I was eligible for 24 months UI + free medical + TAA (free college for 2 yrs) + 24 months wages + 18 weeks leave pay - it was a sweet deal. A friend took sev...
by StealthRabbit
Sat Dec 14, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3472

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

... I actually thought about editing my post to say "nor STATE borders," but opted against it! :D Perhaps I should have saved my comment for Hawaii! In Hawaii at the moment. Enjoying some $39 SWA flights w/ free companion. $79 to get here from Oakland. (One came free).... Dave Ramsey would be proud...
by StealthRabbit
Sat Dec 14, 2019 3:25 pm
Forum: Personal Investments
Topic: Spend HSA or save it?
Replies: 60
Views: 5053

Re: Spend HSA or save it?

As stated it will grow tax free, and upon retirement all the funds can be used tax free. So, if the OP can afford it, don't use it and let it grow. I wish I had known that some years back, now I have a paltry amount that is growing. Had less than 1 year to contribute before plan was abolished. This...
by StealthRabbit
Sat Dec 14, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Furnish washer in rental house?
Replies: 14
Views: 1313

Re: Furnish washer in rental house?

I have (12) rentals (SFR) and do not supply W&D (unless there is one left there by previous tenants) I do not compensate renters who leave W&D behind. I do not support repairs to W&D. This appliance is too often abused by tenants and use is very dependent on tenant's habits. i.e. We do about 3 loads...
by StealthRabbit
Fri Dec 13, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: Too poor to invest - living in the 12% bracket
Replies: 114
Views: 12165

Re: Too poor to invest - living in the 12% bracket

Currently in 12%, but it is the highest I have ever been. Saved, invested, and retired pre age 50 on single income, never over $60k gross. Started saving and investing pre-age 16 Nearly always worked 3 jobs, lived on PT income and usually invested 100% of my FT job. Finished a few degree programs wh...
by StealthRabbit
Fri Dec 13, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Delay retirement waiting for these medical benefits?
Replies: 22
Views: 1801

Re: Delay retirement waiting for these medical benefits?

If you can afford it... Take the best medical plan you can find for retirement (Most comprehensive with no care caps). Earlier than retirement...(Age 40 - 65) it is OK and often preferred to go HD plan with HSA (for future planning flexibility). If you qualify for a comprehensive LT plan through a g...
by StealthRabbit
Fri Dec 13, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3472

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

Lumpr wrote: Fri Dec 13, 2019 3:30 pm WY - no income tax
MT - no sales tax
SD>MT same
AK - Neither Sales, or Income Tax
by StealthRabbit
Thu Dec 12, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cost to develop a city lot
Replies: 16
Views: 1657

Re: Cost to develop a city lot

All real estate costs are local, and vary much between areas. One town nearby levies up to $50,000 Impact Fees for converting vacant land to residential. Some cities have no impact fees. Utility connections can be $50k or $2k Permits... Sky is the limit. I buy rural view lots with trashed Mobile hom...
by StealthRabbit
Thu Dec 12, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3472

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

WA state has a way, and expects WA residents to pay Use Tax on Internet and sales tax free purchases. As a business, I must do this, and report it qtrly.
by StealthRabbit
Thu Dec 12, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3472

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

Greatly depends on your wages, advancement, other costs, / opportunities to grow (wealth, income, education, quality of life).... During my "earning years" I was able to land a decent paying job in Camas, WA for 30+ yrs (+ several international gigs while employed in no income tax WA.) I was hourly,...
by StealthRabbit
Thu Dec 12, 2019 6:38 pm
Forum: Personal Investments
Topic: Taxes - investment properties
Replies: 5
Views: 357

Re: Taxes - investment properties

Been doing my own income props (3 states), using Taxcut for many years.
+/-,. I get advice from an enrolled agent every few yrs (pay hourly) <$200 total
by StealthRabbit
Thu Dec 12, 2019 6:09 am
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3137

Re: My first investment property purchase

... No but my state agency ethics disallow this. I may be wrong but state law prohibits state employees from profiting with this inside knowledge. There are many ways to benefit without immediate tangible monetary compensation. A high % of our local planners go into Land Use Attorney positions or s...
by StealthRabbit
Thu Dec 12, 2019 5:59 am
Forum: Personal Finance (Not Investing)
Topic: SO leaving work, insurance options?
Replies: 20
Views: 1519

Re: SO leaving work, insurance options?

sparse on details... Expected annual earnings? (ACA eligible for subsidy?) Age? HC needs? Any pre-existing conditions? Moving to Left Coast? (Domestic Partners are the norm) Moving to Right Coast? many options... if healthy, I would use a Healthcare Sharing ministry ~$300 / month (Not insurance, but...
by StealthRabbit
Wed Dec 11, 2019 5:25 pm
Forum: Personal Investments
Topic: FIRE Drawdown Plan
Replies: 62
Views: 7264

Re: FIRE Drawdown Plan

For early / sustained FIRE, seek returns beyond 4% AWR. (There are many). Or... Get a job / guaranteed income. (Many options, but green cards are not assured if living international) Working international gigs where my family could accompany worked well for us. (Being paid to travel). Accumulate poi...
by StealthRabbit
Wed Dec 11, 2019 4:55 pm
Forum: Personal Investments
Topic: FIRE Drawdown Plan
Replies: 62
Views: 7264

Re: FIRE Drawdown Plan

Good point! I know Malaysia a bit. Malaysia's medical system is not good, but you could live near Singapore border, then travel to Singapore for treatment. Not a work-around for getting into a local traffic accident and get sent to a local hospital while unconscious. :shock: I have lived in Singapo...
by StealthRabbit
Wed Dec 11, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12127

Re: How much money can retirees really save by moving to a state without income tax?

You could do a domicile change to income tax free SD (only one overnight stay / lifetime required to establish domicile). Be careful not to trigger another domicile by staying too long or getting a W2....in a taxable state. Ok, but if you don't actually live there and your address is where you actu...
by StealthRabbit
Wed Dec 11, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3137

Re: My first investment property purchase

gr7070 wrote: Tue Dec 10, 2019 1:47 pm ...
Even the planners will get fired, if not jailed, for this.
Thus, you have your 'partners' do the actual contracts. (Dr and Lawyers)

Much of RE investing is 3rd party, realtors must do this as well / use 3rd party. (Not use their position / access to information as gain.
by StealthRabbit
Tue Dec 10, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35768

Re: Retirement Friendly States

... I'm not a southwesterner. ...impressed with Las Cruces, NM. College town, pleasant, higher elevation so not as hot as most of AZ. Nice scenery and some wilderness to explore. Not that far from the Int'l Airport in El Paso. Seemed as reasonable place as any to settle. Of course things could have...
by StealthRabbit
Tue Dec 10, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Advisors
Replies: 6
Views: 738

Re: Tax Advisors

I have access to a great 'enrolled agent' who I pay an hourly rate to consult with tax questions (on investments, estate planning, and (7) LLCs). I manage and file my own returns (Taxcut software has helped for ~20 yrs, tho I really dislike serial data questionaire and input method software). Good s...
by StealthRabbit
Mon Dec 09, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3137

Re: My first investment property purchase

Make the next one a primary residence and take the $500k tax free gains every 2_ months. Repeat as necessary. Build them yourself. (Beats working). A friend did it 9x. (Built adjacent homes on view acreage, just moved his mailbox every 24 months.). We have always bought and sold our own. No fees, no...
by StealthRabbit
Sun Dec 08, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 126
Views: 15529

Re: Roth IRA for kids

If minor children earn money babysitting or shovling snow does that count as earned income or do they need 1099? Putting kids to work... Great idea ... we started Roths for our kids at age 12. Matched 100% of their earnings to max Roth every year. (should have started them earlier). + Learn to be B...
by StealthRabbit
Sun Dec 08, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning and Donor Advised Fund (DAF)
Replies: 10
Views: 702

Re: Estate planning and Donor Advised Fund (DAF)

I switched DAF from Vanguard to Fidelity this yr (much better for our needs). Both Fidelity and Vanguard are many times better than where I started DAF in 1990's (Community Foundation). +/- Estate planning... DAF gets our estate settlement (Currently a Living Trust). Kids are subsequent advisers to ...
by StealthRabbit
Fri Dec 06, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax strategy for donating to DAF (exercised options)
Replies: 15
Views: 707

Re: Best tax strategy for donating to DAF (exercised options)

Highest long term capital gain TAX obligation is usually the best use of DAF. Run all your numbers and tax scenarios through your trusty tax software of choice. My DAF is just another tax planning tool, appropriate in some situations, but not all. (During last 20+ yrs). It got a lot of appreciated s...
by StealthRabbit
Fri Dec 06, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12127

Re: How much money can retirees really save by moving to a state without income tax?

On I have a plan to do some large Roth conversions between age 65 and 70. Getting out of CA to do those would probably save $75K-100K in state income taxes. It's a significant chunk of money, but not worth disrupting our lives for. On the other hand, there are kids and grandkids in that no-income-t...
by StealthRabbit
Fri Dec 06, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12127

Re: How much money can retirees really save by moving to a state without income tax?

... Yours is sort of the typical cash out of CA story. ... My parents have the highly appreciated home in SoCal with very low property taxes (Prop 13) and pay minimal state income taxes at this point. From the tax perspective as long term CA working residents, I really don't think they would save t...
by StealthRabbit
Thu Dec 05, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12127

Re: How much money can retirees really save by moving to a state without income tax?

You need to do a spreadsheet with all costs and weighted benefits. We chose a border region of income tax free state 5 minutes to a sales tax free state. (More important during earning / spending years). Camas / Vancouver WA Moderate climate. No AC required / low heating requirement / low utility bi...
by StealthRabbit
Tue Dec 03, 2019 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 35768

Re: Retirement Friendly States

I'd like to know more about property taxes going from $3/day to $46/day. That's an enormous increase. Has much to do with assessor... (and if you make him angry by protesting annually in State Appeals process) Mine seeks highest possible value and uses 'Sweet spots" (High dollar sales) as comps. Us...