Search found 3460 matches

by H-Town
Thu Apr 22, 2021 4:37 pm
Forum: Personal Consumer Issues
Topic: I'm having analysis paralysis on a new car. I am looking for common reliable cars, but each one has potential issues
Replies: 46
Views: 2576

Re: I'm having analysis paralysis on a new car. I am looking for common reliable cars, but each one has potential issues

manuvns wrote: Thu Apr 22, 2021 4:13 pm get a toyota with v6 better if it is a lexus .
Still front wheel drive... money could be spent on V6 RWD.
by H-Town
Thu Apr 22, 2021 3:24 pm
Forum: Personal Consumer Issues
Topic: Struggling with car purchase
Replies: 31
Views: 1526

Re: Struggling with car purchase

I do a lot of outdoor stuff and I don’t really need a 4Runner. if you can give specific activities you do, maybe we can suggest other ways to do it instead of buying 4Runner.
by H-Town
Thu Apr 22, 2021 2:38 pm
Forum: Personal Consumer Issues
Topic: I'm having analysis paralysis on a new car. I am looking for common reliable cars, but each one has potential issues
Replies: 46
Views: 2576

Re: I'm having analysis paralysis on a new car. I am looking for common reliable cars, but each one has potential issues

for example this is what I have found so far 2021 Toyota Camry - this generation has had a huge recall on 8 speed transmissions due to jerkiness and delays 2021 Mazda 6 - Direct injection so prone to carbon build up, and cylinder deactivation. I can step up to the turbo version to avoid the cylinde...
by H-Town
Thu Apr 22, 2021 2:26 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

An option has value even if you don’t end up exercising it. It has value until the expiration date (in this case the lease turn in date). As a practical matter it doesn't, because the market for the option is not liquid. But hope springs eternal, amirite? Jk. I can understand why people hang on the...
by H-Town
Thu Apr 22, 2021 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are Roth Accounts Overrated?
Replies: 92
Views: 6979

Re: Are Roth Accounts Overrated?

There is a general consensus on the forums that you should take advantage of any and all tax advantaged space that you can. This means contributing to pre-tax accounts (401k, 403b, 457, etc.) and also Roth IRAs. This follows conventional personal finance thinking, but I think I am starting to lean ...
by H-Town
Wed Apr 21, 2021 4:20 pm
Forum: Personal Consumer Issues
Topic: time for a new car
Replies: 66
Views: 7848

Re: time for a new car

Also if the price they offer is say, $35,300 and I counter with $35,000 is that a waste of time since it’s “only $300”? Is it OTD (out the door) price? If not, the dealer can tack on some fees that will show up on the final bill of sale later. Be sure to negotiate OTD price. $300 is not a deal brea...
by H-Town
Wed Apr 21, 2021 2:41 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

It sounds like a lot of money spent on car per year for a 10,000 maximum mileage a year. It doesn't even count the cost of full coverage insurance. My sweet spot of car ownership is $1,000 - $1,200 a year. Can you get that with a lease? How do you get that? I come close to that number for bicycle o...
by H-Town
Wed Apr 21, 2021 12:08 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14878

Re: What does "won the game stop playing" mean in practice?

And yet I see many long time posters said that they don't need a budget, don't care for, or will never do a budget. What happens to control what you can control? If you don't track your spending, don't be surprised that the x got out of control. H-Town, Why do you need a budget to track and control...
by H-Town
Wed Apr 21, 2021 9:05 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14878

Re: What does "won the game stop playing" mean in practice?

Once again, I am amazed at the BH posters who can say that they are 15x, 33x, 25x, etc. Am I the only bozo on the bus who doesn't have a sufficiently clear idea of what x is to decide how many of them I have? I can pretty well guess what our spend will be next year. I have some idea of the year aft...
by H-Town
Wed Apr 21, 2021 8:24 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

It sounds like a lot of money spent on car per year for a 10,000 maximum mileage a year. It doesn't even count the cost of full coverage insurance. My sweet spot of car ownership is $1,000 - $1,200 a year. Can you get that with a lease? How do you get that? I come close to that number for bicycle o...
by H-Town
Wed Apr 21, 2021 8:14 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14878

Re: What does "won the game stop playing" mean in practice?

Once again, I am amazed at the BH posters who can say that they are 15x, 33x, 25x, etc. Am I the only bozo on the bus who doesn't have a sufficiently clear idea of what x is to decide how many of them I have? I can pretty well guess what our spend will be next year. I have some idea of the year aft...
by H-Town
Tue Apr 20, 2021 12:51 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: 3343

Re: $300K in credit card rewards! Some is taxable

Only a fraction is taxable. The common route of buying a gift card, then getting a money order or paying bills with that gift card is not taxable. And what someone chooses to do with the proceeds is irrelevant. Doesn’t the above say that buying money orders is a taxable transaction? What about when...
by H-Town
Tue Apr 20, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Refund adjusted by IRS
Replies: 24
Views: 2372

Re: Refund adjusted by IRS

I received IRS notice. After some calculation, I figured out that in IRS calculation, my $4707 qualified dividend is not computed as taxed at 15%. Instead, IRS treats it as normal income. I clearly specify this in my tax return as qualified dividend in 1040 box 3a. How can IRS make such a mistake? ...
by H-Town
Mon Apr 19, 2021 2:52 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

You are in the market for a new Honda Accord. You intend to keep it forever. Let’s say the selling price is $25k, and Honda expects the car to depreciate $10k in the first three years. Your total lease cost is $10k + taxes + interest. At the end of the lease you have the option to buy out the remai...
by H-Town
Mon Apr 19, 2021 9:30 am
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 179
Views: 15734

Re: People with Covid-19 vaccination record cards: where are you keeping them?

I signed up for first shot through vams.cdc.gov. Got the shot and can access the date and location on the CDC website now. 2nd shot I got at CVS, they marked my card but don't update CDC website. I can not manually update it ether nor does the CDC. I thought they would. If I had scheduled and gotte...
by H-Town
Mon Apr 19, 2021 9:19 am
Forum: Personal Investments
Topic: First time market timer
Replies: 13
Views: 1288

Re: First time market timer

After being a passive index fund investor for 10 years and never attempting to market time before, last week it happened. I went against my investment policy and lowered my stock allocation from 83% to 74% (target was: 80%, new target: 74%). The proceeds are to be invested into I/EE-bonds next mont...
by H-Town
Sun Apr 18, 2021 10:21 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Yeah but I can drive my car out of the way :) Only if you see it in time Do you mean the people who text or talk on the phone? Or do you mean aggressive drivers who won’t let anyone in or change lane? Good luck to those people. A Tesla may not save them. https://youtu.be/k60stdDRk6s https://youtu.b...
by H-Town
Sun Apr 18, 2021 8:00 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14878

Re: What does "won the game stop playing" mean in practice?

I've often seen answers include the recommendation "When you've won the game,stop playing." What does this mean in practice? I have won the game in the sense that assuming a 3% real return, that I can maintain my usual lifestyle, plus travel, plus a side stash of $50K for some completely ...
by H-Town
Sat Apr 17, 2021 11:57 pm
Forum: Personal Consumer Issues
Topic: How to get the best sleep?
Replies: 27
Views: 1934

Re: How to get the best sleep?

A good workout during the day should do it. A good “workout” in bed before sleep has a nice boost too. But I rarely have any trouble with sleep. I can lay down and sleep within 5 minutes and won’t wake up until the morning. I can sleep through almost anything. My wife is a light sleeper though. It’s...
by H-Town
Fri Apr 16, 2021 1:47 pm
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5412

Re: can I get boglehead approval for a 70K truck?

400k income and you want to buy 70k truck? :shock: Denied! Denied! Denied! Come back when you have 70 Mil portfolio, and it better be approval for a 3 yr old Camry that you will own and drive for at-least 200k miles. :D :-P 8-) Trust me. 400k can go by quickly. I know this. 70k is 10k more than our...
by H-Town
Fri Apr 16, 2021 1:44 pm
Forum: Investing - Theory, News & General
Topic: Roth v. Traditional - Does effective tax rate matter?
Replies: 22
Views: 2149

Re: Roth v. Traditional - Does effective tax rate matter?

In all the debates between Roth and Traditional, I don't think I've seen any reference to the investor's present and predicted future effective tax rates. I've never seen a Boglehead discussion about Roth vs. Traditional that wasn't centered on present and/or predicted tax rates - so I'm guessing y...
by H-Town
Fri Apr 16, 2021 8:41 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5412

Re: can I get boglehead approval for a 70K truck?

I say No to your cyber truck and I say good luck to your 100% Tesla stock. I still drive the car since I started my professional career. I achieved FI at 50x expense and still drive that car. The portion of portfolio that support my FI (50x) is in index funds. Now I have the freedom to put new money...
by H-Town
Thu Apr 15, 2021 3:52 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Tingting1013 wrote: Thu Apr 15, 2021 3:39 pm
sandramjet wrote: Thu Apr 15, 2021 3:33 pm I drive my car about 18-20K miles per year. How does that affect the lease/buy decision?
You should drive less. It’s bad for your health.
How else sandramjet gets to the gym or to the trailhead to hike? Bad for this health than couch potatoes? :mrgreen:
by H-Town
Thu Apr 15, 2021 1:44 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

6) Pain in bottom to through all of this process every couple of years :D I think because you pay higher with leasing, the whole process should be not be a "pain" like you said. In theory, you just pay lease payments and you will drive a new car every 3 years. You don't need to worry abou...
by H-Town
Thu Apr 15, 2021 12:08 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

It sounds like a lot of money spent on car per year for a 10,000 maximum mileage a year. It doesn't even count the cost of full coverage insurance. My sweet spot of car ownership is $1,000 - $1,200 a year. Can you get that with a lease? https://leasehackr.com/blog/pnd-2104-01-corolla-northeast Umm....
by H-Town
Thu Apr 15, 2021 11:55 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

The terms are always equal or better than buying upfront. If the manufacturer overestimated the depreciation by the end of the lease, then you win by buying out the car for cheaper than you can find a similar used car. If the manufacturer underestimated the depreciation, then you hand back the keys...
by H-Town
Thu Apr 15, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14599

Re: Why leasing a new car is always the best option even if you intend to keep it forever

It sounds like a lot of money spent on car per year for a 10,000 maximum mileage a year. It doesn't even count the cost of full coverage insurance.

My sweet spot of car ownership is $1,000 - $1,200 a year. Can you get that with a lease?
by H-Town
Thu Apr 15, 2021 11:46 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Even if you intended to keep the new car for ten years, there is only upside to leasing it for the first three. Depends on buyout terms. They aren't necessarily advantageous. The terms are always equal or better than buying upfront. If the manufacturer overestimated the depreciation by the end of t...
by H-Town
Wed Apr 14, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4128

Re: Biggest expenses in life

Taxes, by a country mile !!! No doubt. By far taxes is the biggest expense. OP: do we get to amortize expenses over useful life? House purchase seems big, but if I amortize it over the projected useful life, it's not bad. For example: $150k over 20 years is $7.5k per year. We spend more on travelin...
by H-Town
Wed Apr 14, 2021 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7226

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

SavinMaven wrote: Wed Apr 14, 2021 4:46 pm
UpperNwGuy wrote: Wed Apr 14, 2021 4:43 pm Why are you folk so reluctant to let the dealer do a hard pull?
I wanted to avoid it because it impacts your credit score.
A couple of credit pulls wouldn't impact your score, unless you're chasing after bank and credit card bonuses.
by H-Town
Wed Apr 14, 2021 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8942

Re: Prenuptial arrangements

all those things mentioned are solvable. -One prefers paying off the house while the other values more investments. - Split the difference -One is more of a 30% of income saver while the other is closer to 15%. - once again split the difference -One is turned off by the idea of early retirement whi...
by H-Town
Wed Apr 14, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate how much you can spend?
Replies: 14
Views: 1107

Re: How to estimate how much you can spend?

Age 70, turn 71 in December. Current positions are about $3.2M in IRA and $.76M in Roth with about $180K outside of retirement. I have about a 60/40 asset allocation. I have been tracking our investment return, taxes, and spending for about 5 years. We have been doing Roth conversions of about a $1...
by H-Town
Wed Apr 14, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8942

Re: Prenuptial arrangements

Here is a sample "pro-con" list taking finances into consideration: Con - he's old, boring, drinks too much and has bad breath. Pro - he's a millionaire. We have a winner! Go for it. Edit: I apologize in advance for my bad attempt at humor. I understand humor is antithetical to the BH phi...
by H-Town
Wed Apr 14, 2021 10:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14740
Views: 1132814

Re: U.S. stocks continue to soar!

QuestioningWanderer wrote: Tue Apr 13, 2021 1:49 pm https://www.economist.com/graphic-detai ... vestments
What do you make of this guys?

if not stocks... then what else?

Image
Increase your saving rate. Isn't it obvious?
by H-Town
Tue Apr 13, 2021 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: I just became a victim of identity theft - What to do now?
Replies: 20
Views: 1778

Re: I just became a victim of identity theft - What to do now?

I just received a phone call from a major department store telling me that someone tried to open a credit card account with my SSN. Luckily the department store was suspicious and denied the application. The department store said the reason they sdenied the application was because the application c...
by H-Town
Tue Apr 13, 2021 11:17 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3857

Re: C8 Corvette?

Anyone pulled the trigger yet? I know its a totally non Boglehead kind of deal...but...Bueller? I need a run down of car safety tech on the C8 from bogleheads. I’m sure this check all the boxes as far as safety goes, amirite? 8-) Does the IIHS has death rate on the new C8 yet? Must be low thanks to...
by H-Town
Tue Apr 13, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 62
Views: 5744

Re: HSA advice Jane Quinn How to Make Your Money Last

I purchased "How to Make Your Money Last" 2nd edition, published 2020 by Jane Quinn, which was highly recommended by posters here. I am enjoying the book, but read something on page 95 that confuses me. The author encourages those with an HSA offered through an employers high-deductible p...
by H-Town
Tue Apr 13, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8942

Re: Prenuptial arrangements

Here's a question: why get married? I ask it not flippantly but in a very real sense. Put aside for a moment the laundry list of minor items that gets posted every time someone asks this question (visiting bedside at death, etc). If you cannot, for example, reach an agreement on early retirement or...
by H-Town
Mon Apr 12, 2021 10:14 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4662

Re: Emergency (oh my God fund)

Do you have Emergency fund (oh my God fund). These are not your planned expenses like kids tuition or new roof. Background: In 2009 I was buying a new home and since the market had just crashed, I put 1 year worth of living expense in a CD. In 2018 I bought a new house (sold old house) and put anot...
by H-Town
Mon Apr 12, 2021 1:50 pm
Forum: Investing - Theory, News & General
Topic: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement
Replies: 27
Views: 1956

Re: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement

He set his fund up for failure. I wouldn’t invest a penny in his fund. Investors don’t need higher return than the market to retire.
by H-Town
Mon Apr 12, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income Definition
Replies: 22
Views: 1787

Re: Gross Income Definition

Trying to determine if my Son (adult student) needs to file taxes. All his income is unearned. My tax guy says the threshold for filing income tax returns on gross income are based on proceeds, not profits. So if one sells stocks for $10,000, even if the cost basis was $9,500, his gross income is $...
by H-Town
Mon Apr 12, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8942

Re: Prenuptial arrangements

A friend had put inheritance money into the downpayment on the home purchased during the marriage, and she was able to get it back in the divorce through tracing where the money came from. She did not have a prenup. Probably best to document everything you have before getting married. I am planning...
by H-Town
Mon Apr 12, 2021 10:29 am
Forum: Personal Investments
Topic: Buying a 1.5M house in Austin. Should I pull it?
Replies: 51
Views: 5365

Re: Buying a 1.5M house in Austin. Should I pull it?

Is consensus on VFIAX then chill? I guess buying 1.5M on whim or on fear of missing out is not smart... You're young and will learn some valuable lessons along the way. But $1.5M sounds like a very expensive lesson. Continue to buy index fund until you save at least 15x your salaries. If you're pul...
by H-Town
Sun Apr 11, 2021 3:43 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Only if you see it in time Do you mean the people who text or talk on the phone? Or do you mean aggressive drivers who won’t let anyone in or change lane? Good luck to those people. A Tesla may not save them. https://youtu.be/k60stdDRk6s https://youtu.be/cPMvQphJQiE Bottom line: I don’t trust a com...
by H-Town
Sun Apr 11, 2021 3:31 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

A Tesla will literally drive itself out of the way of a car careening at you. Can your 10 year old Subaru do that? Yeah but I can drive my car out of the way :) Only if you see it in time Do you mean the people who text or talk on the phone? Or do you mean aggressive drivers who won’t let anyone in...
by H-Town
Sun Apr 11, 2021 3:22 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

You folks in here forget about safety. You meant a couple of camera, sensors, and a few computer chips? A Tesla will literally drive itself out of the way of a car careening at you. Can your 10 year old Subaru do that? Yeah but I can drive my car out of the way :) Only if you see it in time Do you ...
by H-Town
Sun Apr 11, 2021 3:21 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

You folks in here forget about safety. You meant a couple of camera, sensors, and a few computer chips? Do you honestly think those are the only changes made in the past decade to make cars safer? Also, those cameras and sensors prevent hundreds if no thousands of crashes daily. Good for them. And ...
by H-Town
Sun Apr 11, 2021 3:20 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Tingting1013 wrote: Sun Apr 11, 2021 3:18 pm
H-Town wrote: Sun Apr 11, 2021 3:03 pm
Blue456 wrote: Sun Apr 11, 2021 3:02 pm You folks in here forget about safety.
You meant a couple of camera, sensors, and a few computer chips?
A Tesla will literally drive itself out of the way of a car careening at you.

Can your 10 year old Subaru do that?
Yeah but I can drive my car out of the way :)
by H-Town
Sun Apr 11, 2021 3:03 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21171

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Blue456 wrote: Sun Apr 11, 2021 3:02 pm You folks in here forget about safety.
You meant a couple of camera, sensors, and a few computer chips?
by H-Town
Sun Apr 11, 2021 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4887

Re: Do budgets work?

Budgeting is kind of silly, to me. If I budget $30 for gas, and goes up in price, will I let myself run out of gas? Most expenses in life are coming at you regardless of your Excel spreadsheet. Anyone does that is silly. Budget is not. A Company can’t stop paying expenses and salaries just because ...