Search found 313 matches

by cowbman
Wed Apr 21, 2021 10:25 pm
Forum: Personal Investments
Topic: Solo 401k Mega Backdoor Roth
Replies: 9
Views: 625

Re: Solo 401k Mega Backdoor Roth

Fidelity has pretty favorable solo 401(k) rates and options.
by cowbman
Wed Apr 21, 2021 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Made a decision. Gave spouse 2 all the money, quit job, moved away. I feel so much better. Thanks for all the help. What do you mean by this? Exactly what I wrote. Packed a suitcase, got on a plane, gave spouse 2 all the financials. Deactivated myself from access. So.... you are still married, but ...
by cowbman
Wed Apr 21, 2021 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Obviously not divorced yet, but left, and returned home with family. Figuring out job situation now.
by cowbman
Wed Apr 21, 2021 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I can fall back on what I used to and likely make more money, but career satisfaction will go down. I don't understand with a specialized skill set I make less than with my prior training (which is far more common). I guess I need to become a consultant... :? That's just not how business works, eit...
by cowbman
Wed Apr 21, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

tj wrote: Mon Apr 19, 2021 7:04 pm
cowbman wrote: Mon Apr 19, 2021 1:01 pm Made a decision. Gave spouse 2 all the money, quit job, moved away. I feel so much better. Thanks for all the help.
What do you mean by this?
Exactly what I wrote. Packed a suitcase, got on a plane, gave spouse 2 all the financials. Deactivated myself from access.
by cowbman
Wed Apr 21, 2021 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card: BoA Cash Rewards and online category
Replies: 53
Views: 4558

Re: Credit Card: BoA Cash Rewards and online category

You are limited on the number of tax payments. This is a lot work for $1000 paid. I just use my 2% debit card.
by cowbman
Mon Apr 19, 2021 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

FWIW as someone who doesn't know you, reading the post I see the problem as the spouse and differing expectations. Perhaps you two should figure out what's far more important before committing to an expensive home in California. You definitely aren't on the same page. All the best. Thanks. See a fe...
by cowbman
Mon Apr 19, 2021 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I can fall back on what I used to and likely make more money, but career satisfaction will go down. I don't understand with a specialized skill set I make less than with my prior training (which is far more common). I guess I need to become a consultant... :? That's just not how business works, eit...
by cowbman
Mon Apr 19, 2021 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Made a decision. Gave spouse 2 all the money, quit job, moved away. I feel so much better. Thanks for all the help.
by cowbman
Sun Apr 18, 2021 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

OP, your income is in the 98th percentile for San Diego. But you’re focused on 99th percentile houses. That’s the bottom line. My wife and I have lived in San Diego our entire adult lives, bought and sold multiple houses. Housing has always been expensive, and everyone here has always been convince...
by cowbman
Sun Apr 18, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

You may not like me directing you to this, but linked article on "How to become more self aware" in Harvard Business Review may be something you should consider. https://hbr.org/2015/02/5-ways-to-become-more-self-aware Having worked for 35 years in a variety of places I think there is alw...
by cowbman
Sun Apr 18, 2021 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

3ROOTS, while affordable (by San Diego standards) is also going to include over 50% "affordable housing units." I'm concerned about this for multiple reasons. Oooh sounds nice, maybe I could afford to live there! OP, your income is 4 to 5 times my income. You have a high income by every s...
by cowbman
Sun Apr 18, 2021 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

3ROOTS, while affordable (by San Diego standards) is also going to include over 50% "affordable housing units." I'm concerned about this for multiple reasons. Oooh sounds nice, maybe I could afford to live there! OP, your income is 4 to 5 times my income. You have a high income by every s...
by cowbman
Sun Apr 18, 2021 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

3ROOTS, while affordable (by San Diego standards) is also going to include over 50% "affordable housing units." I'm concerned about this for multiple reasons.
by cowbman
Sat Apr 17, 2021 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I live on the west side of 92126 with income similar to yours. Bought a few years ago for $600k and Zillow now says ~$850k. Many coworkers bought in the $1-1.5M range several years ago and I'm really glad we didn't spend that much, even though we could. We weren't sure what to think about the schoo...
by cowbman
Fri Apr 16, 2021 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I agree with all that has been said. I spoke with spouse 2 about renting longer. They are particularly concerned we will never be able to afford a home in the desired locales. Spouse 2 heavily prioritizes home construction quality and finishings. I prioritize location. This is obviously a crucial p...
by cowbman
Fri Apr 16, 2021 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

sell the rental, add the proceeds to your down payment. reduce your price target. there are *plenty* of beautiful homes in sd county for 1M. +1, and get a different job. And encourage the spouse to get a higher paying job as well. Perhaps renting a nicer house instead of buying while you seriously ...
by cowbman
Thu Apr 15, 2021 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I agree with all that has been said. I spoke with spouse 2 about renting longer. They are particularly concerned we will never be able to afford a home in the desired locales. Spouse 2 heavily prioritizes home construction quality and finishings. I prioritize location. This is obviously a crucial po...
by cowbman
Thu Apr 15, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by cowbman
Thu Apr 15, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Tough situation. I think we can all agree that your salary will make a house of that price very difficult. In that case there is a limited number of choices. You can buy a house that costs a lot less money but it sounds like there is nothing like that available in the area. There is housing for hal...
by cowbman
Wed Apr 14, 2021 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Agree with quantAndHold on all counts. You reeled off a list that includes some of the most expensive ZIP codes in the country, much less SD county. You need to adjust your expectations. You're not going to get everything you want at the price you want, that's just the reality of the housing market...
by cowbman
Wed Apr 14, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by cowbman
Wed Apr 14, 2021 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I appreciate any advise out there. I feel like I know the answer intellectually, but there's more than that involved in a home purchase with a spouse/family. I'm in my mid to late 30s and looking to start a family ASAP. We've been living in a 1 bedroom in SoCal for the last almost 3 years now (ever...
by cowbman
Wed Apr 14, 2021 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Why are you trying to buy in one of the worst real estate markets ever for buyers? Look at the inventory, this is almost historically bad. Wait it out a year would be my suggestion, otherwise you are just giving in to FOMO if you don't have an absolute need to buy. I bet a much bigger luxury apt ca...
by cowbman
Wed Apr 14, 2021 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Thanks to all that have commented. I'm now seeing what I believe to be acceptable to spouse 2 in the $1-$1.5M range in 92131. Hopefully it doesn't get bid up 20% like previously. Heard from boss that he is "working with" CEO to considerably increase the pay I receive for my work. -- "...
by cowbman
Wed Apr 14, 2021 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Sailaway and others, All good selections. Always looking. Spouse 2 has been dissatisfied with finishings for price, but will keep looking. I personally am less of a fan of Mira Mesa schools, but probably not enough to dissuade me from the right property. One thing I've noticed is homes in the $1-1.5...
by cowbman
Wed Apr 14, 2021 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by cowbman
Wed Apr 14, 2021 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by cowbman
Wed Apr 14, 2021 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Thank you all. Yes, when I say Del Sur, I actually meant all of 92127 and 92129. We've also looked as far as Carlsbad, but I'm concerned about the commute. Encinitas has not panned out to be less. I'd be most happy in 92130, though everything is going considerably above asking. 92130 is too expensiv...
by cowbman
Wed Apr 14, 2021 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by cowbman
Wed Apr 14, 2021 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

I also have a hard time believing you can't find another job, especially since you had one in TX paying more for substantially less work. There's something wrong there. I think at times, we can feel trapped by a bad work situation that keeps us so busy that we don't dedicate enough time and effort ...
by cowbman
Wed Apr 14, 2021 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

OP here: Thank you everyone for the replies. I'll add a little to clarify some things from the comments: 1) I moved from TX to SD for extra training/specialization. There are VERY few of what I now do (or at least for what I trained). 2) When training was finishing, finding jobs that were willing to...
by cowbman
Wed Apr 14, 2021 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Re: Buying a Home in SoCal

hungrynow wrote: Wed Apr 14, 2021 6:10 am I would suggest getting a divorce and moving back to Texas. You can get your old job back that you love and not be forced to pay 1.7k. Be glad you don’t have any kids yet.
I didn't love my job in Texas either.
by cowbman
Tue Apr 13, 2021 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9984

Buying a Home in SoCal

I appreciate any advise out there. I feel like I know the answer intellectually, but there's more than that involved in a home purchase with a spouse/family. I'm in my mid to late 30s and looking to start a family ASAP. We've been living in a 1 bedroom in SoCal for the last almost 3 years now (ever ...
by cowbman
Sun Apr 04, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: Costco organic chicken / eggs
Replies: 23
Views: 2280

Re: Costco organic chicken / eggs

https://www.cornucopia.org/scorecard/eggs/ Yes, Costco eggs are lower quality. I can definitely taste the difference. That site just shows the Costco "Kirkland Signature" eggs are not rated at all, rather than scoring low. Another brand carried by (west coast?) Costcos "Alexandre Kid...
by cowbman
Sun Apr 04, 2021 10:41 am
Forum: Investing - Theory, News & General
Topic: BlockFi Interest Account (8.6% APY) with Stablecoin
Replies: 117
Views: 13330

Re: BlockFi Interest Account (8.6% APY) with Stablecoin

So it seems lot of people on this forum have a lot of money in their name and a pretty high net worth. I got to wonder... are there people on this forum that put a huge amount of money into this whether its blockfi or celsius and put like 500k or say a million dollars into it? Seems insane that som...
by cowbman
Sat Apr 03, 2021 2:59 am
Forum: Personal Consumer Issues
Topic: Costco organic chicken / eggs
Replies: 23
Views: 2280

Re: Costco organic chicken / eggs

https://www.cornucopia.org/scorecard/eggs/

Yes, Costco eggs are lower quality. I can definitely taste the difference.
by cowbman
Tue Mar 30, 2021 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Which State is counted for In State tuition?
Replies: 55
Views: 2875

Re: Which State is counted for In State tuition?

Texas and OK are pretty affordable. OU has good national merit scholarship.
by cowbman
Sun Mar 28, 2021 5:07 pm
Forum: Personal Investments
Topic: Tax loss harvest intermediate treasuries or CA tax exempt bonds?
Replies: 7
Views: 575

Re: Tax loss harvest intermediate treasuries or CA tax exempt bonds?

Not a bad rate, but with bond rates going up, I rather take the tax hit with a high yield savings (~3%)
by cowbman
Mon Mar 22, 2021 4:40 pm
Forum: Personal Consumer Issues
Topic: Solar Cost Estimate
Replies: 19
Views: 1289

Re: Solar Cost Estimate

bluebolt wrote: Mon Mar 22, 2021 12:02 pm Did you get a quote from Tesla? I've seen a bunch of reports of their pricing being close to $2/watt. Most people report their cost/watt prior to tax savings.

Around here in MA quotes of $2.75-$3.25 (prior to incentives) are common.
+1
by cowbman
Tue Mar 16, 2021 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 6001

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

AlohaJoe wrote: Tue Mar 16, 2021 8:07 pm
mceagle555 wrote: Tue Mar 16, 2021 2:20 pm Hence, if you were in your 20's, 30's, 40's and could setup shop anywhere to WFH. Where would you go in true Bogleheads fashion?
Dubai or Singapore. If you have to stay in the US (I don't know why, since you can WFH) then Puerto Rico.
This comment won't receive the attention it deserves.
by cowbman
Sat Mar 13, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?
Replies: 43
Views: 3345

Re: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?

When it comes to paying taxes you are usually better off using a cash back debit card as there is a flat fee of around $2.58. Many debit cards have a $10K/day cap. If you owe ~ $10K, that means $2.58/$10K = fee of 0.0258%. A 1% debit card nets back almost the full 1% assuming you owe a substantial a...
by cowbman
Sat Mar 13, 2021 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?
Replies: 43
Views: 3345

Re: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?

Off topic, but what card gives 3%? Good question. The best card I have is BoA cash rewards at 2.25%. I think the lowest fee for IRS CC payments is 1.97%. So only .28% net. There are occasions (especially with biz cards) where you can get as much at 5%, albeit capped. I was able to get around $250 c...
by cowbman
Thu Mar 11, 2021 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Orange County or Poway.
Replies: 25
Views: 1711

Re: Moving to Orange County or Poway.

Prices in San Diego have been moving increasingly upwards as people are fleeing the Bay Area during the pandemic. Almost anything north of CA-52 will meet your criteria. I would point out east of I-15 that it can become quite hot in the summer (> 90F and in Poway 100F+). Oceanside, Vista, San Marcos...
by cowbman
Wed Mar 10, 2021 1:17 am
Forum: Personal Consumer Issues
Topic: Jobs You Can Buy Your Way Into?
Replies: 7
Views: 1530

Re: Jobs You Can Buy Your Way Into?

hi_there wrote: Wed Mar 10, 2021 1:09 am How about US Senator representing Illinois?
Slightly more complicated, unless you are a necromancer.
by cowbman
Tue Mar 09, 2021 10:28 am
Forum: Personal Investments
Topic: backdoor Roth vs. mega backdoor Roth
Replies: 5
Views: 455

Re: backdoor Roth vs. mega backdoor Roth

Two possible reasons in favor of contributing $6k/$7k to a Roth IRA (via backdoor Roth) over a 401k mega backdoor: 1. If Roth IRA has lower ERs 2. If contributions to the Roth IRA are more easily accessed (if needed) than the Roth 401k. 401k legal protections are better than IRAs. How much better d...
by cowbman
Thu Mar 04, 2021 2:43 pm
Forum: Personal Investments
Topic: How to invest Emergency fund money?
Replies: 22
Views: 2015

Re: How to invest Emergency fund money?

GMCZ71 wrote: Thu Mar 04, 2021 8:01 am
chazas wrote: Thu Mar 04, 2021 7:46 am T-Mobile Money. FDIC insured, 1%.
+1
T-Mobile 1%
Hmbradley 3% with qualifying deposits.
+1