Search found 527 matches

by StealthRabbit
Sat Dec 23, 2017 6:17 am
Forum: Personal Consumer Issues
Topic: Lunch Ideas
Replies: 44
Views: 5358

Re: Lunch Ideas

1) budget.. I give myself $1/ day, so... choices get limited (We have always ate / fed family on $100 / month. use the 'envelope method' $100 into the envelope at first of month (food and entertainment) When / if it is empty... get creative or 'fast'. I only eat 2 meals / day. ~11AM and 6pm (800 cal...
by StealthRabbit
Sat Dec 23, 2017 5:59 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 12404

Re: Early retirement pros and cons:

Many in my Fortune 50 took Early outs (for last 30+ yrs) Most were 55, but sometimes the package dropped to age 50. I pulled the plug at age 49. As mentioned reasons and results vary. mine Pros: Family health issues (parents went down early,(pre-age 50 into SNF) as did spouse's parents). so we felt ...
by StealthRabbit
Tue Dec 19, 2017 3:46 am
Forum: Personal Consumer Issues
Topic: US National Parks
Replies: 36
Views: 3873

Re: US National Parks

for road trips to NP... Campervans are great Pick yourself up a used Roadtrek, or if adventurous,,, a beater VW camper van (which now cost $20k instead of $2000). I use a 20 mpg Rialta (until I convert it to a 35 mpg Diesel) If the VR6 ever wears out. I do a lot of 'fly-drive' trips, and you can see...
by StealthRabbit
Mon Dec 18, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 7119

Re: What is a Reasonable Retirement Cost of Living?

~$80k (2017) + inflation will work for most in a higher CoL area with a bent towards frugal living. Retired pre-age 50 HC is the wild card, and we are now using a HC sharing network ($3k / yr), rather than fund A(?)CA $25k/yr premiums only. Property taxes have spiraled and continue to grow at ~20%+ ...
by StealthRabbit
Mon Dec 18, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for ideas on what to do next with saving
Replies: 3
Views: 728

Re: Looking for ideas on what to do next with saving

If you are eligible for a Traditional, IRA I would do that while in higher tax brackets. Longer term... convert to ROTH when your 'effective tax' is less than 10% Invest in more RE or appropriate investments that can salvage more of your wage income. (offset earnings / getting depreciation and direc...
by StealthRabbit
Sun Dec 17, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buy very old house without buyer agent
Replies: 14
Views: 1637

Re: Buy very old house without buyer agent

follow above ^^^ (due diligence + a RE attorney if needed) Of 30+ Property transactions I have never had a "buyers-agent" (nor would I ever want one) Too many people complicate the transactions (cost and time), and 'RE Agents are about 10x more expensive than RE attorneys (who actually offer some va...
by StealthRabbit
Sun Dec 17, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can charitable deductions reduce short-term capital gains?
Replies: 8
Views: 1191

Re: Can charitable deductions reduce short-term capital gains?

right answer above... 'it depends'... (as you follow the rules above) What is your STCG from? If stocks / securities (not yet sold), I found it advantageous to gift my STCG stocks direct (in kind) to my Donor Advised Fund (DAF) (or family foundation), which in turn transfers tax free with a 'step-up...
by StealthRabbit
Sat Nov 18, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TDA
Replies: 24
Views: 2924

Re: Scottrade to TDA

After TDA bought my 4th excellent broker.. :oops: . I now Am at Fidelity and Vanguard and tasty trade.... previously Thinkorswim.
by StealthRabbit
Sat Nov 18, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Southeast Asia trip - Cash handling
Replies: 19
Views: 1889

Re: Southeast Asia trip - Cash handling

I have always found plenty of ATMs, and use (2) credit and (2) ATM cards... no fees in last 30 yrs traveling / living as expat in SE Asia. I make it a point to keep integrated in local culture than to use ‘western hotels / food / tourist things’. I keep very little cash on hand If I have to book lod...
by StealthRabbit
Sat Nov 18, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off? [OP Update]
Replies: 38
Views: 5043

Re: Volunteer to be laid off?

Sounds like you have a great plan and opportune timing. BTDT with my previously great company of 35yrs. (I hired in HS@age 17, and the company paid for 5 degrees and put up with me... through 10+ great job assignments) tho I would have jumped earlier if availed the opportunity. I had several friends...
by StealthRabbit
Sun Nov 12, 2017 12:54 am
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 8780

Re: Swedish Death Cleaning [De-clutter your home]

Good idea to keep 3 bags / boxes... by the door
1) Give away
2) Throw away
3) Put Away ( make this the smallest container] :beer
by StealthRabbit
Sun Oct 29, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 21511

Re: What was the main reason you retired?

99). Didn’t want to sit through another annual ‘performance de-valuation’... enough is enough. I miss paid vacations and profit sharing, (and free lunch and night shift premium) But.... no shortage of Fun and Adventure in retirement. Left @ age 49... (I never really had time for a J-O-B anyway.) :D
by StealthRabbit
Sun Oct 29, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What are snowbirds doing for health insurance?
Replies: 12
Views: 3160

Re: What are snowbirds doing for health insurance?

I would wonder if a pre-Medicare snowbird could use 3rd party ‘travel insurance’?,,,,since we Retired 16 yrs pre- Medicare... we used Travel insurance as primary when on a 1 yr RTW, but have not tried it for snowbird. It is quite inexpensive compared to conventional coverage. Only rule was that it e...
by StealthRabbit
Sat Oct 28, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa Card
Replies: 78
Views: 13227

Re: Fidelity Rewards Visa Card

Fidelity rewards has been OK for 6-8 yrs, but is now my ‘back-up’ card, due to thier 2016 change of banks to Elan has really messed up their service (to me). Ymmv. They gutted my history and tax reporting procedures and lost 20+ Monthly auto pays and locked me out /refused charges many times while I...
by StealthRabbit
Sat Oct 28, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Wait to Buy a Home?
Replies: 16
Views: 3260

Re: Should I Wait to Buy a Home?

They're talking about getting rid of the state income and property tax deductions. Maybe the mortgage interest deduction, too. Would this make you hesitate to by a home now? The higher-end market in our area has stalled. I'm wondering if people are waiting to see what happens with tax refîorm. Shou...
by StealthRabbit
Sat Oct 28, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA for children
Replies: 38
Views: 5663

Re: Roth IRA for children

The wiki has some background info: Kiddie tax Yes, use this kiddie tax info to your advantage, especially the notes on gifting appreciated stock (does not qualify for IRA), but is a great way to get kids engaged in investing. I used that avenue for graduation gifts for kids of friends who didn’t ge...
by StealthRabbit
Sat Oct 28, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for children
Replies: 38
Views: 5663

Re: Roth IRA for children

The wiki has some background info: Kiddie tax As per accounting practices.... and our accountant.... their income shows up itemized under our return, as they were under the threshhold required for filing (until age 15 or so). Once they met the threshhold for filing, they filed their own 1040’s. I w...
by StealthRabbit
Sat Oct 28, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for children
Replies: 38
Views: 5663

Re: ROTH IRA for children

Stealthrabbitt, How did the kids have earned income with a W2? Please clue me in. They filed income on my 1040, Up to $14k iirc... 1) we had rental props they worked on 2) farm income / 4-H 3) working for neighbors 4) their own businesses (very common for home schoolers) ez to do with eBay / farmer...
by StealthRabbit
Sat Oct 28, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for children
Replies: 38
Views: 5663

Re: ROTH IRA for children

I set our kids up with ROTHs @ age 12. I matched 100% of their earned income till age 18. So they each had ~$16-20k by age 18. One went with individual stocks, the other vanguard mutuals. Both were equal at age 18. As homeschoolers (lots of free time) They attended my complementary training with sev...
by StealthRabbit
Fri Oct 13, 2017 8:25 am
Forum: Personal Investments
Topic: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question
Replies: 14
Views: 1103

Re: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question

During your earning yrs / 20%+ tax bracket, I would keep as much loan on the rental as reasonable. (100% interest deduction offset to related income). Your personal mortgage deduction is only a fractional offset on your overall AGI / tax rate / eligible deductions.
by StealthRabbit
Sat Aug 12, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: buying a rental property vs investing more in stocks
Replies: 26
Views: 6567

Re: buying a rental property vs investing more in stocks

Numbers don't work out in your situation in my view. It's too much eggs in one basket and too many things can go wrong (deadbeat renter, earthquake, tech crash). I love me some investment property but only if you can afford to pay cash and not flinch. Otherwise, you can get much better return with ...
by StealthRabbit
Sun Nov 13, 2016 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Retire early and sail off into the sunset?
Replies: 48
Views: 10619

Re: Retire early and sail off into the sunset?

... Great information. Thank you! Like your friends I would do coastal cruising for the first few years and do the starter boat too . As far as ocean crossings go, I'll have to see how I feel. There is the option to ship it (expensive) or hire a captain and crew as your friends did. But ocean cross...
by StealthRabbit
Mon Oct 31, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 23740

Re: Health Insurance rates went up

I've been reading about Americans who manage their health care expenses by only obtaining emergency or catastrophic care here in the US and for routine, predictable expenses, they travel out of the US and obtain quality care, on a cash basis - *at steep discounts when compared to US prices*. I supp...
by StealthRabbit
Thu Oct 27, 2016 2:55 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 20886

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

good example / stewardship of MMM wealth. My benevolent but profit centric employer brought effective examples of community giving into the workplace since the 1960's. Been doing it ever since, and drive a $35 car so we can continue it. We created a family foundation and donor advised fund with our ...
by StealthRabbit
Fri Jun 11, 2010 12:22 pm
Forum: Personal Investments
Topic: Investment options - 85 yr old couple? (~ $250k home equity)
Replies: 8
Views: 1782

... They need to know the facts, and they should get them from an elder care attorney, not an investment advisor. Thanks for the reminder, that is on my list, but hadn't scheduled yet. I took a grad class from an elder care attor. in their state (quirky regs). Good advice, keep shoveling it out! :D
by StealthRabbit
Fri Jun 11, 2010 12:51 am
Forum: Personal Investments
Topic: Investment options - 85 yr old couple? (~ $250k home equity)
Replies: 8
Views: 1782

Thanks a bunch for the help, keep it coming, the couple called today and were ready to stick it in a CD for 1%. I encouraged them to give us a couple days to sort this out... After all, this was a very difficult place to sell, so I already have a yr free labor tied up with them. (no commission eithe...
by StealthRabbit
Thu Jun 10, 2010 8:05 pm
Forum: Personal Investments
Topic: Investment options - 85 yr old couple? (~ $250k home equity)
Replies: 8
Views: 1782

Investment options - 85 yr old couple? (~ $250k home equity)

I recently helped an older couple sell their rural home as they really need to get to town and into a lessor intensive home. (pretty serious health issues, frequently passing out, not too good for driving 40 miles of curvy canyon to town) They elected to sign onto an independent living center. It is...