Search found 1528 matches

by DVMResident
Mon Apr 12, 2021 5:20 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 50
Views: 4682

Re: How much should I overpay?

Is a remodel or addition an option? $100k could add 400 sq feet, even with these inflated build prices. That could be an extra bedroom or detached office.

FWIW I would wait a year for supply chain to catch up with demand on builds.
by DVMResident
Thu Apr 08, 2021 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4257

Re: Tax bill split between spouses

I would just consider the taxes owed (or refund) as the bill and split that according to the normal ratio. that, as others have pointed out, is unfair to the lower earning spouse... since in reality MFS would yield a tax bill roughly in the ratio of 10:1 compared to a earnings ratio go 4:1... I’ll ...
by DVMResident
Tue Apr 06, 2021 11:51 am
Forum: Personal Investments
Topic: Invest or Payoff mortgage
Replies: 29
Views: 2622

Re: Invest or Payoff mortgage

I'd pay off the 3.75% rental property mortgage Realize that rental 3.75% is fully deductible under a schedule E with no impact on also taking the standard deduction. The post-tax effective rate is 2.625% (assuming the marginal rate is correct). Also, decreasing leverage reduces ROI-on-equity (not a...
by DVMResident
Tue Mar 30, 2021 5:56 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6384

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

Megaback door Roth and conversions opened the flood gates.

I’ve only been doing Roth contributions since 2009, but my number is still higher than the OP’s calculated number.
by DVMResident
Sun Mar 28, 2021 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is an I/O Mortgage Right for Us?
Replies: 4
Views: 383

Re: Is an I/O Mortgage Right for Us?

To be blunt, this would be a terrible rental. I would not purchase this with the intent of turning it into a rental. Just plan on selling if you do move. But since you are considering renting it... 1. Check the HOA rules 2. Check the HOA funding 3. Check the percentage of units that currently rented...
by DVMResident
Fri Mar 26, 2021 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 47
Views: 4759

Re: Should I stay or should I go?

This is a question for you and the wife.
You have the money either way. Congrats. :beer
by DVMResident
Mon Mar 22, 2021 5:53 am
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10269

Re: How to Deal with Worry of job loss and providing for family?

Of course. Knowing that your spouse and children depend on me for food, shelter, education, and health insurance should weigh on anybody. My approach evolved over the years: -Started hefty ER fund and banked vacation days (my state requires pay out); I also paid close attention to historical severan...
by DVMResident
Sun Mar 14, 2021 2:30 pm
Forum: Personal Investments
Topic: What to do with $42k bonus?
Replies: 36
Views: 4462

Re: What to do with $42k bonus?

The unromantic (and offensive to some) winner is Option #1 while this bonus is part of your pre-marital assets and can be covered in your prenup (your assets are too large and CA is a community property state). You can use future, marital bonuses to pay off the student loans. The romantic will pick ...
by DVMResident
Sat Mar 13, 2021 2:54 pm
Forum: Personal Investments
Topic: Upcoming 10 and 5 year Tips Auction
Replies: 7
Views: 953

Re: Upcoming 10 and 5 year Tips Auction

Would you consider iBonds?
by DVMResident
Tue Mar 09, 2021 1:59 pm
Forum: Personal Investments
Topic: Should I tilt away from employer industry (tech)?
Replies: 20
Views: 1734

Re: Should I tilt away from employer industry (tech)?

There are viable, BH-hivemind approved portfolios using mid-caps which will not contain FAANG. See “Mel’s unloved mid caps” threads in the topic. Per Portfolio Visualizer, mid-caps (VIMAX) and total stock market (VTSMX) hav a rolling 12 month correlation of 0.97 and annualized returns (2001-2021) of...
by DVMResident
Fri Feb 26, 2021 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: The long arm of CA Taxes
Replies: 1
Views: 594

The long arm of CA Taxes

I moved from CA to the east coast to change jobs ~2 years back. I had some vested, but not distributed RSUs when I left my former employer. The vesting schedule was 3 years and the distribution was 5 years from the grant date. The RSUs were not taxed at vesting and instead at distribution. The distr...
by DVMResident
Mon Feb 15, 2021 8:30 am
Forum: Investing - Theory, News & General
Topic: Why no love for REITs?
Replies: 182
Views: 24745

Re: Why no love for REITs?

I love Reits. I finally dove in head first right after the decline this year. Realty Income(O), Stag, and LTC provide me monthly dividend income, among many other sectors, in my taxable portfolio. I hold VNQ and FREL in our 401ks. Is it tax inefficient to hold Reits in my taxable portfolio? The ans...
by DVMResident
Tue Feb 09, 2021 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: To purchase a California home or move out of state?
Replies: 88
Views: 7437

Re: To purchase a California home or move out of state?

Social network and family would be my primary concern.
by DVMResident
Fri Feb 05, 2021 8:54 am
Forum: Investing - Theory, News & General
Topic: 2020s - Decade of chasing "churn" money?
Replies: 70
Views: 7104

Re: 2020s - Decade of chasing "churn" money?

its becoming so prevalent in these threads, it's making me wonder if this is a trend which will dominate the 2020s . Thread mentions =/= action. Bogleheads continuing to use simple 3 fund portfolios don’t make new thread. It’s boring and almost nothing new is ever said about this strategy. In contr...
by DVMResident
Sun Jan 31, 2021 12:57 pm
Forum: Personal Investments
Topic: Roth IRA & Rebalancing
Replies: 17
Views: 1049

Re: Roth IRA: Vanguard, Fidelity, or Schwab?

izmeeh wrote: Sun Jan 31, 2021 12:54 pm Thanks. I've updated the post. If index funds will return what the market returns, should I just go with whichever cost less to manage?
You can buy other companies ETFs on different platforms. For example, I buy Vanguard ETFs at Fidelity.
by DVMResident
Fri Jan 29, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cash or 0.9% finance?
Replies: 14
Views: 1310

Re: Cash or 0.9% finance?

Slam dunk, take the loan unless there is a discount for cash: it preserves liquidity.

Personally, I would just dump the excess cash into the ER fund until it hits target and the remaining in my AA. No need for extra cash.
by DVMResident
Wed Jan 27, 2021 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying House - Which Mortgage Should I Choose?
Replies: 23
Views: 1995

Re: Buying House - Which Mortgage Should I Choose?

What are the terms on the removal of the PMI?

Does appreciation count?
by DVMResident
Tue Jan 26, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for a mid-30s humanities graduate student
Replies: 127
Views: 9923

Re: Advice for a mid-30s humanities graduate student

On a practical note, I’d be looking to convert as much as that $140k as reasonably possible in low income years. At the federal level, go to the top of the 12% bracket. I can’t comment on state as it’s not in the OP, but consider state effects as well as any phase outs. You can do dummy tax returns ...
by DVMResident
Sat Jan 23, 2021 4:21 pm
Forum: Personal Investments
Topic: So you hit your number. Now what?
Replies: 75
Views: 8512

Re: So you hit your number. Now what?

For high-earners that have hit their number, they are typically still in high-earning years in their career, and "one more year" can add significant extra padding to their number. An RSU schedule is a good example of that, and means the RSU schedule is working as intended (keep the employ...
by DVMResident
Thu Jan 21, 2021 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Getting 7/1 ARM for my first home
Replies: 4
Views: 582

Re: Getting 7/1 ARM for my first home

I agree: avoid prepayment penalties especially on ARMs because you may decide to pay it off early. These plenties are becoming rare and you should be able to find a product without them. Other considerations: -What is the maximum interest rate? Will this maximum amount become a burden to pay? Subnot...
by DVMResident
Mon Jan 18, 2021 9:29 pm
Forum: Personal Investments
Topic: Car note ending, saving for next car
Replies: 29
Views: 2786

Re: Car note ending, saving for next car

(depends on taxes on sale; cash flowing a loan is likely a better choice, but we’ll see in 4-5 years). Are you taking this from the perspective of "5% loan in a 7-8% returns world is still a win"? Not quite. My point is slightly different. You don't need a specific car and you have lots o...
by DVMResident
Mon Jan 18, 2021 12:43 pm
Forum: Personal Investments
Topic: Car note ending, saving for next car
Replies: 29
Views: 2786

Re: Car note ending, saving for next car

I would continue to invest per my plan. When I need a new car, I would get a loan. If the interest rate is high, I would pay the loan off quickly or less likely sell my portfolio if the cash discount was high enough (depends on taxes on sale; cash flowing a loan is likely a better choice, but we’ll ...
by DVMResident
Fri Jan 15, 2021 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance?
Replies: 11
Views: 526

Re: Should I Refinance?

With only 45k/yr expenses and grossing 120k, you can max out retirement *and* pay this off within a year. 3.5% is a good ROI on fixed assets and the refi costs (if you can find a lender) are probably not worth it.
by DVMResident
Fri Jan 15, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: What do you use for inflation? [for retirement planning]
Replies: 54
Views: 4169

Re: What do you use for inflation?

Inflation is personal as our consumption does not match the basket of goods defined by CPI. Consumption of some inelastic expenses are difficult to control like tax law changes, medical treatment, and food. Inflation in these expense are important and medical is the real wild card that make my true ...
by DVMResident
Sat Jan 09, 2021 8:07 am
Forum: Personal Investments
Topic: What is an appropriate percentage of net worth to spend on a house?
Replies: 19
Views: 1973

Re: What is an appropriate percentage of net worth to spend on a house?

Buy vs rent is a better guideline than precent of NW.

You have to live somewhere and that somewhere should be acceptable to you. The real choice is buying or renting.
by DVMResident
Sat Jan 02, 2021 8:45 am
Forum: Personal Investments
Topic: How many reached FI goal in 2020?
Replies: 62
Views: 4426

Re: How many reached FI goal in 2020?

Does FI include a paid off home? We're almost at 25x expenses; however, still have a mortgage. No, it doesn't include a paid off home. How can one be FI when they still have debt? Do they add mortgage to their 25x expenses? It just means your FI investments can cover expenses. A mortgage is just an...
by DVMResident
Fri Jan 01, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mid-Term Savings
Replies: 2
Views: 413

Re: Mid-Term Savings

Scale matters here. I’ll tell you what I do. 2 months cash covers most stuff and rapidly cash-flow replenish the small blips. 12 month in 20/80 fund. —> this the source of all my big purchases and my ER fund. I cash-flow replenish it or take loans if the interest rate is lower than forward looking R...
by DVMResident
Fri Jan 01, 2021 8:39 am
Forum: Personal Finance (Not Investing)
Topic: So what kind of raise did you guys get for 2021?
Replies: 222
Views: 16879

Re: So what kind of raise did you guys get for 2021?

Won’t know till late Feb. But interesting tidbit: COVID restriction meant only 7~10% stay onsite this whole year. This meant many programs were delayed. The c-suite felt it was unfair to reward those who could work onsite with access to facilities (labs) and could meet milestones for critical/late p...
by DVMResident
Tue Dec 29, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi: Who did they sell your mortgage to?
Replies: 54
Views: 5032

Re: LenderFi: Who did they sell your mortgage to?

Mr. Cooper servicing, loan FreddyMac Mortgage officer said WF was their biggest purchaser. Can I ask when this was? I just spoke to an LO from LenderFi who told me directly that they do not sell to Mr. Cooper. But I am seeing here from your post and others that they do. Makes me lose a little bit o...
by DVMResident
Tue Dec 29, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6135

Re: Can we afford to build an $850,000 house

What will the property taxes plus insurance cost be? That would be a determining factor. Around here that alone would make a home of that stature cost prohibitive to own long term. -TheDDC Property taxes are around 1.2 - 1.3% Insurance would be around $180 per month So... 1.2 - 1.3% (annually) of w...
by DVMResident
Tue Dec 29, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: LenderFi: Who did they sell your mortgage to?
Replies: 54
Views: 5032

Re: LenderFi: Who did they sell your mortgage to?

Mr. Cooper servicing, loan FreddyMac

Mortgage officer said WF was their biggest purchaser.
by DVMResident
Sun Dec 20, 2020 7:28 pm
Forum: Personal Investments
Topic: Getting Laid Off: 401K Rollover to Vangaurd Questions
Replies: 8
Views: 953

Re: Getting Laid Off: 401K Rollover to Vangaurd Questions

Do you utilized back door Roth IRAs?

If yes, don’t roll over to a traditional IRA to avoid the pro-rata rule. You likely can roll into the next employer’s 401(k).
by DVMResident
Fri Dec 11, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone "save" anything other than money for retirement?
Replies: 47
Views: 5297

Re: Anyone "save" anything other than money for retirement?

A house.

I will do a car refresh before retirement.
by DVMResident
Fri Dec 11, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion: Should my wife quit?
Replies: 38
Views: 3121

Re: Your opinion: Should my wife quit?

Since you’re asking my opinion, I 100% would not if I was in your wife’s position and instead ask you to take one less shift per week if think the family needs more home support. For her, this one day a week keeps her skills, keeps her license, avoids the dreaded “employment gap” on her resume, and ...
by DVMResident
Sun Dec 06, 2020 7:49 am
Forum: Personal Investments
Topic: When to retire - 2 children
Replies: 34
Views: 5739

Re: When to retire - 2 children

The current expenses are: mortgage: $2650 (just refinanced to 30 yr fixed) credit card: ~$2500 daycare: $1600 car payment: $650 Utilities, phones, TV cable: ~$500 For my child who is senior in high school, I should know what the tuition will be in few months. My struggle is to calculate college exp...
by DVMResident
Sat Nov 28, 2020 9:54 am
Forum: Personal Consumer Issues
Topic: Gift for departing physician
Replies: 47
Views: 3973

Re: Gift for departing physician

A framed group photo with signatures/well wishes from everyone in the practices.

That’s what we did in our veterinary groups.
by DVMResident
Sat Nov 28, 2020 9:48 am
Forum: Personal Investments
Topic: Is it worth 25 basis points to get greater diversification?
Replies: 28
Views: 1522

Re: Is it worth 25 basis points to get greater diversification?

OP, do you have any other accounts like an IRA that can hold your international allocation?
by DVMResident
Fri Nov 20, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: About to commit the ultimate sin; paying PMI...
Replies: 38
Views: 4511

Re: About to commit the ultimate sin; paying PMI...

PMI is just another cost. It’s not some mortal sin to pay it. The “only buy if you have 20% down” is an oversimplification. You have to live somewhere. The more prudent question is “buy or rent?” All costs should be included in a ‘buy vs rent’ calculation. PMI just gets rolled into the math. Since y...
by DVMResident
Fri Nov 20, 2020 6:52 am
Forum: Personal Investments
Topic: Any way to exclude FAANG company from S&P index fund?
Replies: 20
Views: 3042

Re: Any way to exclude FAANG company from S&P index fund?

One could hold mid-caps (VIMSX) for their USA position.

See Mel’s posts on mid-caps. You’d avoid FAANG and now Tesla for dirt cheap.
by DVMResident
Thu Nov 12, 2020 2:46 pm
Forum: Personal Consumer Issues
Topic: 3D printer for jewelry design
Replies: 6
Views: 524

Re: 3D printer for jewelry design

+1 for a resin printer over a filament. Don’t even look at filament. You also need space and good ventilation as resin gives off a lot of fumes; I would consider putting together the space to work part of the gift. Once a piece evolves beyond the resin stage, you can use third party printers like Sh...
by DVMResident
Mon Nov 09, 2020 6:45 am
Forum: Personal Investments
Topic: Take cash out from rental home and invest in index funds. Good idea?
Replies: 27
Views: 2455

Re: Take cash out from rental home and invest in index funds. Good idea?

We did a 2.35 refi, look into better rate. We want to pay off quick, so we have lower debt. If you want to take risk, you can always look into margin loans, infact based on some strategies I have read in the forum, you can probably do better then the mortgage to get extra money to invest. Who did y...
by DVMResident
Mon Nov 02, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: Why do reviewers love the Dell XPS 13 but users don't?
Replies: 97
Views: 16503

Re: Why do reviewers love the Dell XPS 13 but users don't?

I only trust NoteBookCheck . They are scientific/very strict in their assessment so you can compare each device on a level playing field (not that they are perfect, but pretty dang close). User review OTOH are all over the map and often only written if they have a beef to pick or increasingly poke ...
by DVMResident
Mon Nov 02, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Why do reviewers love the Dell XPS 13 but users don't?
Replies: 97
Views: 16503

Re: Why do reviewers love the Dell XPS 13 but users don't?

I only trust NoteBookCheck . They are scientific/very strict in their assessment so you can compare each device on a level playing field (not that they are perfect, but pretty dang close). User review OTOH are all over the map and often only written if they have a beef to pick or increasingly poke b...
by DVMResident
Sun Nov 01, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a megacorp - timing considerations?
Replies: 24
Views: 2942

Re: Retiring from a megacorp - timing considerations?

I read the above responses quickly, but don’t think I saw any reference to your 401k, if you have one. You might consider changing your 401k contribution starting Jan 1st to the maximum level that can be withheld in a pay period. Then work until you’ve contributed the annual max. Depending on how y...
by DVMResident
Mon Oct 26, 2020 5:47 am
Forum: Personal Finance (Not Investing)
Topic: refinance question re: $16,000 closing costs
Replies: 24
Views: 2138

Re: refinance question re: $16,000 closing costs

Another thought: you will be converting to a rental in a few years. This means the interest is tax deductible without itemizing. This shifts your true break even point out. I suspect, but can’t calculate from your post, you’re better off not paying points and that $4.5k is better used somewhere else...
by DVMResident
Thu Oct 22, 2020 6:34 am
Forum: Personal Investments
Topic: Employer Cash Deferral Program (2.9% rate): Use in lieu of bonds? How would you think about it?
Replies: 22
Views: 1234

Re: Employer Cash Deferral Program (2.9% rate): Use in lieu of bonds? How would you think about it?

If I’m understanding this correctly, this defers your income similar to a Top Hat plan and allows you to push income into another year.

Deferred taxes potentially making the benefit much greater than the interest rate. This could be useful if you are near retirement.
by DVMResident
Thu Oct 01, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on sale of home in CA.
Replies: 18
Views: 1359

Re: Tax question on sale of home in CA.

Don’t ignore the fees per your OP. They count against your captain gains.
by DVMResident
Fri Sep 25, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 74
Views: 7861

Re: Dave Ramsey Home Affordability Calculator

And? You're the one with the mortgage, up to you to decide what you are comfortable with. Personally, as an LA native, no, if HHI wasn't significantly more than $100k I wouldn't even consider trying to buy (at least at this time). Also an LA native, but currently live in TX. I'm not a homeowner bec...
by DVMResident
Wed Sep 23, 2020 5:53 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 4237

Re: 'Wealth Calculator' in Millionaire Next Door

Just starting reading 'The Millionaire Next Door' and the wealth calculator struck me as stupid: It is indeed very stupid. Income is a terrible metric. Expenses is what matters. Any metric of "how am I doing" should be using expenses, not income. If I have 20x expenses, I'm doing well. If...
by DVMResident
Sun Sep 13, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Net Worth in the 1% by age?
Replies: 42
Views: 5520

Re: Anyone have a Net Worth in the 1% by age?

I’m not.

Question: are these numbers threshold to be in the 1% or average/median of the 1%?