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  Topic: The classic Rent vs Buy Question
mlathe

Replies: 12
Views: 5090

Post image iconForum: Real Estate   Posted: Mon Jan 01, 2007 1:59 am   Subject: The classic Rent vs Buy Question
Great info.
I didn't really understand what "depreciation tax break" means but i found this:
http://www.southcoasttoday.com/daily/02-05/02-05-05/t24hh550.htm
I'm not sure how you got that $150 numb ...
  Topic: The classic Rent vs Buy Question
mlathe

Replies: 12
Views: 5090

Post image iconForum: Real Estate   Posted: Fri Dec 29, 2006 4:36 pm   Subject: The classic Rent vs Buy Question
hey oldguy,
Thanks for the info. I like doing these thought studies b/c they illustrate the basic principles behind something. In this case i realized that buying a house is like cheaply leveraging ...
  Topic: The classic Rent vs Buy Question
mlathe

Replies: 12
Views: 5090

Post image iconForum: Real Estate   Posted: Thu Dec 28, 2006 8:57 pm   Subject: The classic Rent vs Buy Question
Thanks everyone,

oldguy, I stand corrected. Thanks for working through this with me.

For future readers I'll explain what is going on. The key is that when I consider the payments of the renter ...
  Topic: The classic Rent vs Buy Question
mlathe

Replies: 12
Views: 5090

Post image iconForum: Real Estate   Posted: Mon Dec 25, 2006 9:15 pm   Subject: The classic Rent vs Buy Question
Your analysis considers only 'cash flow' - that's a lot different from total cost. As you suggested, after 20 years the owner will still be paying $28k but the renter's $19k will have risen to about $ ...
  Topic: The classic Rent vs Buy Question
mlathe

Replies: 12
Views: 5090

Post image iconForum: Real Estate   Posted: Sun Dec 24, 2006 12:59 am   Subject: The classic Rent vs Buy Question
I live in the San Francisco Bay Area (actually in the south bay in San Jose). As many people probably know by now the Bay is a very expensive place to buy, yet people still do it, and as a result it m ...
  Topic: Total Tax Percentage
mlathe

Replies: 9
Views: 26631

Post image iconForum: Taxes   Posted: Sat Mar 25, 2006 10:59 pm   Subject: Total Tax Percentage
thanks...

second question... How is it possible for someone to pay no taxes?... You know the story about the rich person with a savvy tax advisor paying less than the average joe.
  Topic: Total Tax Percentage
mlathe

Replies: 9
Views: 26631

Post image iconForum: Taxes   Posted: Sat Mar 25, 2006 10:21 pm   Subject: Total Tax Percentage
Last tax year i posted something about how much taxes i paid. I said that i was taxed 9.28% (AGI/totalTaxes). (http://www.money-talk.org/msg16155.html&highlight=medicawelfare#16155)... As you can ...
  Topic: turbo tax... is it as easy 2 use as everyone says?
mlathe

Replies: 16
Views: 20152

Post image iconForum: Taxes   Posted: Sat Mar 25, 2006 9:19 pm   Subject: turbo tax... is it as easy 2 use as everyone says?
Here's a list of all the IRS approved sites:
http://www.irs.gov/app/freeFile/jsp/index.jsp

be careful, though... There are rules... max AGI is normally less than 50k, and it's only free for Federa ...
  Topic: Confused and need help.
mlathe

Replies: 7
Views: 4510

Post image iconForum: Retirement Planning   Posted: Sun Sep 18, 2005 7:55 pm   Subject: Confused and need help.
It sounds to me that the Deferred Comensation (DC) plan isn't worth it. A growth of 1-2% doesn't even hedge against inflation. You'd probably do better by investing in some bonds or T-bills, or even p ...
  Topic: Should saving for retirement be made compulsory?
mlathe

Replies: 16
Views: 38660

Post image iconForum: Retirement Planning   Posted: Fri Sep 02, 2005 2:25 pm   Subject: Should saving for retirement be made compulsory?
another thing to think about is the currently SS is held in long term T-Bills... this means that your retirement is funding the reckless spending of the current and the previous administrations. You t ...
  Topic: There is no way to save any money for retirement
mlathe

Replies: 17
Views: 10537

Post image iconForum: Retirement Planning   Posted: Fri Sep 02, 2005 2:08 pm   Subject: There is no way to save any money for retirement
bills keep coming: you need to get out of debt, you can't retire comfortably with debt

salaries suck: ask for a raise, read about the "latte factor"

bank fees: you can invest in a good fund for ...
  Topic: Which is really better? Roth or Traditional
mlathe

Replies: 18
Views: 13628

Post image iconForum: Retirement Planning   Posted: Fri Sep 02, 2005 5:54 am   Subject: Which is really better? Roth or Traditional
the Final Word.

This is what i'm gathering from this thread. If you invest 4K into a Traditional and 4K (minus taxes (30%), which means that you invest only $2800) then in the end both are exactly ...
  Topic: Which is really better? Roth or Traditional
mlathe

Replies: 18
Views: 13628

Post image iconForum: Retirement Planning   Posted: Fri Sep 02, 2005 5:31 am   Subject: Which is really better? Roth or Traditional

Total return minus tax taken out before maxing out ROTH $382,540.64
Total return for Traditional IRA minus 30% tax bracket $282,898.45

This is kind of true... however in your scenario ...
  Topic: Which is really better? Roth or Traditional
mlathe

Replies: 18
Views: 13628

Post image iconForum: Retirement Planning   Posted: Thu Sep 01, 2005 2:40 am   Subject: Which is really better? Roth or Traditional
Yeah i'm in the private sector so i'm doing a 401k. last year i did a Traditional IRA, but this year my AGI will be above the Max for IRA (i think i will get a partial deduction)... but who cares... T ...
  Topic: Which is really better? Roth or Traditional
mlathe

Replies: 18
Views: 13628

Post image iconForum: Retirement Planning   Posted: Wed Aug 31, 2005 2:51 am   Subject: Which is really better? Roth or Traditional
Here is a spreadsheet that i made that prompted this question.

Col C is just a running sum.
Col D looks like this: D24==(D23+(2000*0.65))*1.08... meaning, take the previous years total, add to it ...
 
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