Search found 839 matches

by phxjcc
Wed May 05, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Ca Expats- do you love your new home?
Replies: 76
Views: 7725

Re: Ca Expats- do you love your new home?

I love California! The weather is fantastic and we live near both mountains and ocean. But alas, I'm not sure that we will stay in retirement due to tax un-friendliness and HCOL. Our $1m 1500 sq. ft. home could buy us a nicer home with plenty leftover, I reckon. We want to live somewhere without ha...
by phxjcc
Tue May 04, 2021 9:07 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 200
Views: 19169

Re: Spend It All vs. Leave $$ for the Kids

Spend as much as you want, and leave the rest to charity. The problem with inheritances is that they create an unlevel playing field in society (which is unearned by the beneficiaries to the detriment of those that don't have the same). This is why I respect "new money" instead of "o...
by phxjcc
Sun May 02, 2021 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to contain Property Tax with extensive remodeling
Replies: 24
Views: 2366

Re: How to contain Property Tax with extensive remodeling

I had a major remodel to my home in SoCal, without adding square footage. No change in my property taxes, although I did get permits for the work. Ditto. The formula should be: Previous dwelling: assessment gets bumped a max of 2%, plus newly added Sq footage at current market sales comp rates x ta...
by phxjcc
Fri Apr 30, 2021 3:51 pm
Forum: Personal Consumer Issues
Topic: 2019 Porsche Macan Excessive Tire Noise: Options?
Replies: 84
Views: 6071

Re: 2019 Porsche Macan Excessive Tire Noise: Options?

You buy them shoes, send them to school, give them money for food - and what do they do?

Eat their shoes.
by phxjcc
Tue Apr 27, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: Different View On Money After Cancer Scare?
Replies: 14
Views: 2635

Re: Different View On Money After Cancer Scare?

Hello, Capitalhockey. Sorry to hear about your health scare. Hope all goes well. I noticed hifive quoted my post from 5 years ago regarding my thoughts during my own health scare. I'm almost 5 years older now and feeling healthy as ever. I will re-post my 2015 post now in full for you now, hoping t...
by phxjcc
Tue Apr 27, 2021 1:11 pm
Forum: Personal Consumer Issues
Topic: Vehicle Input Jeep Specific (Depreciation Consideration)
Replies: 16
Views: 947

Re: Vehicle Input Jeep Specific (Depreciation Consideration)

More Boglehead would be a Toyota Tacoma 4x new.

Buuuuuut, a 20 year diesel Ram implies a 1st gen 24 V and NOT common rail.

These are considered the holy grail by diesel tuners/coal rollers/etc.

You might be able to get what you paid for it, as 200K is not much mileage on that drive train.
by phxjcc
Mon Apr 26, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 17907

Re: Discuss Net Worth with Adult Children

One of our kids knows our net worth. He is the one who has interest in this area, and will manage the investment of our trusts. His motivation won’t be affected. The others will find out sooner or later, preferably later 😁. I don’t see any upside in more disclosure. +1 Need to know basis. Successor...
by phxjcc
Sat Apr 24, 2021 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 17907

Re: Discuss Net Worth with Adult Children

One of our kids knows our net worth. He is the one who has interest in this area, and will manage the investment of our trusts. His motivation won’t be affected. The others will find out sooner or later, preferably later 😁. I don’t see any upside in more disclosure. +1 Need to know basis. Successor...
by phxjcc
Sat Apr 24, 2021 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 148
Views: 17490

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

Currently, I reside in northern California. We like it a lot, nice weather, friendly people etc. but want to consider retiring elsewhere. CA Sales tax is 8% Property tax is 1% of purchase price, capped increase. We'll move to a new house, cost about $750K so about $7,500 per year State Income tax i...
by phxjcc
Fri Apr 23, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax considerations of one-time capital gains windfall from sale of house [Calif]
Replies: 12
Views: 1152

Re: Tax considerations of one-time capital gains windfall from sale of house [Calif]

I probably made that confusing by mentioned two different scenarios in which we could sell and move. Many people say that you should sell and move whenever you've got $500,000 of capital gains in your home ... that's basically now, and if we were to do that it would be a local move, but it's a diff...
by phxjcc
Fri Apr 23, 2021 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Car warranty companies
Replies: 28
Views: 1989

Re: Car warranty companies

Fidelity Platinum is the only aftermarket warranty I would buy. They are widely known as being the most reputable company with aftermarket warranties and for good reason. Zero hassle getting claims paid and the platinum policy is "exclusionary" where if it's not specifically excluded, the...
by phxjcc
Thu Apr 22, 2021 4:47 pm
Forum: Personal Consumer Issues
Topic: Struggling with car purchase
Replies: 31
Views: 1746

Re: Struggling with car purchase

I look at how much I am saving. I have a commitment to save a certain percentage of my income and give a certain percentage to charity, and factor that into my needs in retirement. If I maintain those commitments, I am free to spend the rest. If I evaluated every spending decision by how much that ...
by phxjcc
Tue Apr 20, 2021 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Costs
Replies: 22
Views: 1622

Re: Closing Costs

Most will tell you to budget 2% in a traditional purchase.

If you want a no-cost option the lenders will do hat assuming your end-state LTV is <= 80%.
by phxjcc
Sun Apr 18, 2021 10:41 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 77
Views: 6421

Re: 10+ year old used cars?

Whoever is feeding you the SEALS DRY OUT bovine feces....tell them "I can replace a lot of seals for $25,000. Namaste." Seals dry out and sometimes fail even if you'd like to pretend they don't. All rubber/plastic parts deteriorate. Some of them have to be replaced; many of them only have...
by phxjcc
Sat Apr 17, 2021 11:07 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 45
Views: 4185

Re: C8 Corvette?

Anyone pulled the trigger yet? I know its a totally non Boglehead kind of deal...but...Bueller? If you like U200 LC's, I don't see how you will like it. Odd advice, but try a 2008+ MBZ SL65 AMG. TWIN TURBO V12 w/ 700/800 HP/TORQUE. Unless you are doing monthly track sessions it is a much better opt...
by phxjcc
Sat Apr 17, 2021 10:44 pm
Forum: Personal Investments
Topic: Inheritance Advice: Mortgage or Investing
Replies: 12
Views: 1291

Re: Inheritance Advice: Mortgage or Investing

I will be inheriting about 200K. I'm 47 years old and single with one child (college senior graduating in May). I'm currently maxing 401K (19,500), maxing HSA (7,100) and maxing Roth (6,000). My salary is 70K. Right now my remaining mortgage balance is 78K @ 2.75% My total retirement savings is 396...
by phxjcc
Sat Apr 17, 2021 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What are some less-stressful finance/accounting jobs for semi-retiree/retiree?
Replies: 5
Views: 758

Re: What are some less-stressful finance/accounting jobs for semi-retiree/retiree?

Call a short term vacation rental (STVR) property manager and see if they need help.

Mine struggles to find good accountants.

It is not rocket surgery...but steady work.
by phxjcc
Thu Apr 15, 2021 8:07 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: 158
Views: 15423

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 phxjcc
Thu Apr 15, 2021 1:18 am
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: 7289

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

I saw another post like this, but it was pretty old, so I'm posting something similar to see if anything has changed. Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)? I bought a used car from a large dealership and paid by check. They said that the on...
by phxjcc
Thu Apr 15, 2021 12:49 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 77
Views: 6421

Re: 10+ year old used cars?

What is the maximum age of a used car you would consider and why? Historically, we've purchased Hondas and Toyotas that are about 10 years old and 100,000 miles. We've put nearly 170,000 miles on our 1999 Toyota Camry that we bought 13 years ago with 106,000 miles. The Camry still runs really well,...
by phxjcc
Wed Apr 14, 2021 1:15 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: 7289

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

2013 in California:
I was told by the GM at the dealer that "it was illegal to do a hard pull if the customer was paying cash".
He'd been in the business forever.

I was paying via cashiers check.
by phxjcc
Wed Apr 14, 2021 1:10 pm
Forum: Personal Consumer Issues
Topic: 2021 Wrangler Rubicon unlimited
Replies: 29
Views: 2221

Re: 2021 Wrangler Rubicon unlimited

Hi, I'm in the market to buy a 4x4 for off-roading. I have never done any serious off-roading but recently developed interests in learning it. I want to be able to do some entry level rock crawling someday. I drove a Wrangler Sport unlimited when I was in Hawaii for a vacation few years ago. I don'...
by phxjcc
Mon Apr 12, 2021 2:52 pm
Forum: Investing - Theory, News & General
Topic: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement
Replies: 45
Views: 5959

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

Thought it was interesting just how arrogant some of these active fund managers are and completely oblivious to their inability to predict the future. They're in sales. The "client" is purchasing what they sell. Which of course is not a guaranteed rate of return, only a guaranteed higher ...
by phxjcc
Sun Apr 11, 2021 9:28 pm
Forum: Personal Consumer Issues
Topic: Anyone prefer their old golf clubs?
Replies: 54
Views: 4274

Re: Anyone prefer their old golf clubs?

Yes, Ping did make wooden "woods," years ago, but few people played with them. They were beautiful clubs. I never hit one. I've been custom fitted twice for irons. It's interesting that the fittings were 20 years apart, but both recommended I get my lies anlges adjusted 2 degrees up from ...
by phxjcc
Sun Apr 11, 2021 9:00 pm
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 75
Views: 6139

Re: Best 4 wheel drive vehicle

2013-ish LX570. Terrible mileage Great reliability. Old school tech, but it is a Land Cruiser in Lexus guise. Truly a “forever” vehicle. Land Cruiser demands higher resale prices than LX because the IH8MUD guys don’t like the AHC in the Lexus because they think they are going boondocking every day. ...
by phxjcc
Fri Apr 09, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need help - $7K not traceable with bank
Replies: 6
Views: 1431

Re: Need help - $7K not traceable with bank

Makefile wrote: Fri Apr 09, 2021 2:17 pm Try Consumer Financial Protection Bureau complaint
^^^
This.
Open a case number.
Send a registered/return receipt letter with a copy of the case number & CFPB submittal to the CEO.

Done.
by phxjcc
Fri Apr 09, 2021 4:42 pm
Forum: Personal Consumer Issues
Topic: Smoker recommendations? Meat, not Marlboro.
Replies: 31
Views: 2860

Re: Smoker recommendations? Meat, not Marlboro.

This is what I use. https://www.acehardware.com/departments/outdoor-living/grills-and-smokers/gas-grills/8450090?store=17201&gclid=CjwKCAjw9r-DBhBxEiwA9qYUpYwqASzgyQXP_66KBLOmSqIFuOSvYdcXfRyCpi9yTZ6u_m_q6UtHPhoCF0UQAvD_BwE&gclsrc=aw.ds Cheap, easy, does the job. Best website: https://amazing...
by phxjcc
Fri Apr 09, 2021 2:28 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24749

Re: What is the BEST thing you spent money on?

This.

Because I am not a 12 year old carrying books to school.

https://alpine-luddites.myshopify.com/c ... /face-nord

Lunch, water, jacket, ten essentials, camera equipment.

Support local and USA made businesses.
by phxjcc
Thu Apr 08, 2021 11:56 pm
Forum: Personal Consumer Issues
Topic: How do I learn to buy a car?
Replies: 15
Views: 1452

Re: How do I learn to buy a car?

1. Go through Costco for pricing.
2. Say NO to everything the Finance guy at the dealership offers.
3. Wait at least 6 months for supply constraints to ease.
4. Get your financing through a credit union.
5. Go to Reddit /askcarsales to see the underbelly of the business.
by phxjcc
Wed Apr 07, 2021 2:32 pm
Forum: Personal Consumer Issues
Topic: 2019 Porsche Macan Excessive Tire Noise: Options?
Replies: 84
Views: 6071

Re: 2019 Porsche Macan Excessive Tire Noise: Options?

I have a 2019 Porsche Macan which I bought new and like very much EXCEPT at 40 mph and above there is excessive tire noise. It really ruins what would otherwise be an enjoyable driving experience. The tires that came with the vehicle are Pirellli brand, not exactly a cheap tire. I only have 12,500 ...
by phxjcc
Wed Apr 07, 2021 2:25 pm
Forum: Personal Consumer Issues
Topic: Pool Walking Shoe?
Replies: 8
Views: 810

Re: Pool Walking Shoe?

Following...need ideas also
by phxjcc
Wed Apr 07, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3376

Re: The best $10,000 to $15,000 vehicle.

Porsche Boxster.

Yes, I am serious.
by phxjcc
Wed Apr 07, 2021 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 164
Views: 20925

Re: Landlords: How are you doing this year?

STVR owner.

Business has been incredible.
10% gross, 8% net.
+ 20% prop value increase.
by phxjcc
Wed Apr 07, 2021 2:05 pm
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2728

Re: Shoe Choice for a Walker

My wife and I walk about five miles every day (sometimes up to ten miles). The miles take a toll on my walking shoes, and I'm ready to replace my second pair of Solomon X-Ultra 3 hiking shoes (most recent pair purchased on 11/8/2020). The heel end of the sole has worn through. Price is not an issue...
by phxjcc
Wed Apr 07, 2021 2:01 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6474

Re: How much cash do you really hold?

flyingaway wrote: Wed Apr 07, 2021 10:28 am When the market crashes, you wish you had more cash.
I agree.

1 year normal expenses plus any extra ordinary purchases.

Think of it as an insurance premium against market loss.

That $120,000 you need next year can easily cost you $200,000 in a down market.
by phxjcc
Wed Apr 07, 2021 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 82
Views: 4629

Re: Tax bill split between spouses

The tax code is progressive, so 4:1 isn’t fair to her. Calculate what you would each owe independently, then see what you owe together and adjust. It very well could be you’d owe 140k and her 30k but MFJ brings it down to 150k and you can split the savings in half from being married. Otherwise you ...
by phxjcc
Wed Apr 07, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21512

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

Good Morning, Everyone has their "thing" that they enjoy to spend money on so if cars are your "thing" then please don't be offended. I have no problem dropping $500 on a round of golf at Whistling Straits or spending $200 on a meal every now and then. With that being said I am ...
by phxjcc
Wed Apr 07, 2021 12:45 am
Forum: Personal Consumer Issues
Topic: Family car
Replies: 91
Views: 7459

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by phxjcc
Tue Apr 06, 2021 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 48
Views: 5502

Re: Snowbirds - mail and bills

Does anybody leave a battery tender on and charging the battery while being away all winter long? Any fire safety issues with that? Do you put your gas water heater on Vacation setting or shut it off completely? What is the default room temperature that you maintain while away? Do you turn water of...
by phxjcc
Tue Apr 06, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 48
Views: 5502

Re: Snowbirds - mail and bills

My wife and I will be retired at month's end. We have rented a home out west for 5 months starting in the Fall. We have lined up someone to keep an eye on the house, drive the cars, etc., but I'm wondering how others have handled their mail and paying bills back home while away for an extended peri...
by phxjcc
Sat Apr 03, 2021 12:08 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 36179

Re: Retire with Less Than $1 million?

I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had to defer prop tax; a county program was available. She did just fine. Was VERY fr...
by phxjcc
Fri Apr 02, 2021 3:21 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 36179

Re: Retire with Less Than $1 million?

Anyone retired with less than $1M AND retired early, by early I mean before 60. I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had t...
by phxjcc
Fri Apr 02, 2021 3:15 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 13008

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

So I do think it's different. MrCheapo, Your investment plan should not be dependent on your ability to predict or understand the market. I know that I know nothing. Hence, my investment plan works regardless of how the market choose to behave. I do not need to think or know whether this times is d...
by phxjcc
Fri Apr 02, 2021 1:52 am
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 36179

Re: Retire with Less Than $1 million?

Anyone retired with less than $1M AND retired early, by early I mean before 60. I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had t...
by phxjcc
Thu Apr 01, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Previous Salary req before offer
Replies: 24
Views: 2119

Re: Previous Salary req before offer

Until a year or so ago when NY made this question illegal, this was a requirement for any Wall St job. You couldn’t play the wording games suggested in this thread as you would also be expected to show a pay statement and a deferred comp statement. So feel free to take a hard line as other have sug...
by phxjcc
Tue Mar 30, 2021 2:52 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25961

Re: High spenders what do you spend on?

Get sick. Medical: $26,000 per year, unreimbursed, mostly for Rx's. Buy a second/third residence....however, if you do it right your NW will increase more than cash decreases. Get expensive toys and use them. Planes are number one Boats Race cars RV's Golf vacations Art collections Car collections B...
by phxjcc
Mon Mar 29, 2021 12:35 pm
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10916

Re: Curious about negative expat experiences -- why don't more people do it?

I am in academics and sabbaticals of up to one year abroad are common and a perk of the profession. Most people have fantastic experiences. Thirty years ago I lived for three years in a European country where I didn’t speak the local language. The feeling of “otherness”, especially if you look diff...
by phxjcc
Sun Mar 28, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Sell the Big House or Keep?
Replies: 45
Views: 5116

Re: Sell the Big House or Keep?

While I read Millionaire Next Door, Rich Dad Poor Dad, and others awhile ago, I only discovered Bogleheads this past year. While I have always been fiscally responsible, this forum has taught be quite a bit. My ultimate question is: Should I sell the "Big House" I currently own or keep it...
by phxjcc
Fri Mar 26, 2021 2:30 am
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 106
Views: 7855

Re: Convince me - for or against bigger home

Buy what you want.

New payment is 25% of base.
End of story!
by phxjcc
Fri Mar 26, 2021 2:21 am
Forum: Personal Consumer Issues
Topic: Help me DIY bath remodel
Replies: 51
Views: 2939

Re: Help me DIY bath remodel

I think the whole Kohler at Home Depot vs say boutique is all urban legend. I know I've heard it many times - the Home Depot version is made at a price point and specifically for Home Depot. Anyhow - I pulled the trigger and went with Home Depot - as they had the best prices. I did go with the 1 pi...