Recent content by jkern

My guess is that DR is choosing to ignore Sequence of Return Risk because it's too complex for his audience and they might turn his show off.

I too live in the SF Bay Area. My house is located in the Castro Valley hills and backs up to a canyon. I currently pay $1667/year with a $2500 deductible. My insurance company came out and took pictures of the back of the house about 6 months ago. A couple of months later I received a letter...

For me, NW is just a number for fun. It's not used for financial planning, cash flow, expenses, or income. I think it would only count at death for estate calculations. Since our NW number is just for sh*ts and giggles, I usually add $200K for all the personal property whether it's worth $200K...

Keep about $1000 in the house for pocket money Keep about $25K in checking, saving accounts for operating capital Keep about $35K in MM accounts for non-routine discretionary purchases/emergencies

I played 42 rounds in 2022. My normal is about 60 to 70, I had a back problem for several months which slowed me down. The most I ever played was 115 rounds in 2001.

2022 YTD -12.3% AA 45/40/15 (Stocks,Bonds,Cash)

My concern was always that I had to contact the IRS to prove that 1099-K income is not taxable. Here is my latest dealings with the IRS: I was doing taxes for my friends son. Mid tax season the IRS changes their rules and allows a $10K exemption for Unemployment income. They didn't make the...

The big difference is that W-2 Income and Interest Income is always taxable. Transfer of cash from Venmo is far from always taxable.

I have 3 rental Condos in California. I feel like I'm one bad Assembly Bill away from quitting. Virtually every law passed forces additional risk and liability without compensation. Everyone screams about a housing shortage yet every policy reduces supply.

Operating cash: CU/CapitalOne IRA Cash/Saving Cash: Ally IRA stocks/bonds: Vanguard

I have three rental condos in California and you couldn't be more correct. The laws are so skewed towards the tenants that the risk and liability doesn't match the compensation. I've gotten lucky so far, but I'm not going to last. For example, landlords are not allowed to turn down Section 8...

Prop 13 isn't necessarily about low property taxes it's about a controlled increase. Yes, everyone benefits from prop 13 even if your property taxes are high. They probably would be higher if assessed at full market value.

It's actually possible to not come out ahead when renting your home. It's going to come down to timing and sometimes RE goes down. I have actually known someone who lost money doing what you described. In the long term you are correct. My property taxes have never gone up just by 2%. There are...

That's just it! NW isn't useful for calculating retirement. I don't use NW in any financial planning what so ever. It's about income, investments used for income, and expenses. I view NW as a number for fun. Yes, I count my house. I even count stuff like cars etc. I just add $100K for the...

The under $3K prices is the price point that it starts to look attractive. Did you get those prices direct from the airlines or through a third party?