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Re: Losing job-financial advice

We will finish out his employment until May 2015. It's a good paying job with excellent benefits that's guaranteed for one year. Guaranteed employment for a year is pretty good. Hubby will begin looking this Fall for September 2015. Thanks for letting me bounce ideas off of you all. Hubby is still p...
by Boglemama
Fri Apr 11, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Losing job-financial advice

Hubby was told that he did not get tenure. He will have a job until next May. May I assume you mean May of 2015? Yes, May of 2015. Thank you all for your thoughtful replies. I plan on contacting a realtor to look over our home and discuss what we need to do in the next year to be ready to sell. We ...
by Boglemama
Fri Apr 11, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Losing job-financial advice

What I wanted to add, but edited out at the last minute, is that it's important to keep an eye on the bigger picture: a happy and supportive spouse/family. In my experience, that ends up being so, so important in quality and satisfaction w/life. Your willingness to be strong--and supportive--is hug...
by Boglemama
Thu Apr 10, 2014 7:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Losing job-financial advice

No real advice, but wanted to say sorry. Are you interested in moving to a particular part of the country, or will everything depend on the job search? Thanks. It's really hard right now. We have a 3 and 6 year old. SO much to do. Thankfully we do have some time to get things together. I would real...
by Boglemama
Wed Apr 09, 2014 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Losing job-financial advice

The idea of not using a broker is very appealing. I am considering offering 2%, as opposed to 3, to each buyer and seller's agents. Our house should sell for 3 to 4 times what most houses sell for in our area, therefore the commission would still be more than other homes.
by Boglemama
Wed Apr 09, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Losing job-financial advice

Tough situation. I would try to sell the house now without a broker and rent a condo or apartment if that makes financial sense. If you can't sell the house this year on your own, use a broker next year as you planned to do. I had actually considered selling now and then renting, but it would be to...
by Boglemama
Wed Apr 09, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Losing job-financial advice

Hubby was told that he did not get tenure. He will have a job until next May. We do not like the area where we live currently, and there would not be a job for him within driving distance anyway. As to money. I intend to save every penny for a beefed up emergency fund, get our house ready to sell ne...
by Boglemama
Wed Apr 09, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1899

Re: Can I retire yet?

Are we seriously telling a 64 year old who has worked for 40+ years that a 3% withdrawal rate isn't safe enough? Why are we fixated on his expenses? As long as he can afford it, which he clearly can, the absolute value is irrelevant. What is the point of money if not to spend it? This constant one ...
by Boglemama
Tue Mar 11, 2014 12:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5806

Re: Mouse/Rat traps

We've had good results from the Tomcat rat snap traps: http://tomcatbrand.com/snap_traps.html . The black plastic ones are nice because you don't have to touch the rodent. You just pick up the trap from the far side and squeeze the handles to open the trap jaws and dump the rodent into the trash. T...
by Boglemama
Mon Mar 10, 2014 11:39 pm
 
Forum: Personal Consumer Issues
Topic: Mouse/Rat traps
Replies: 29
Views: 1770

Re: unanticipated savings (or costs) of stay at home parent?

I am a stay at home parent and save money on SO many things. Childcare, groceries, meal planning, packing hubby's lunch daily with leftovers, buying anything used that we can (clothes, cars, etc), last year I saved us $600 by asking the utility guys to cut down a tree that was "kinda" clos...
by Boglemama
Sun Jan 26, 2014 10:20 pm
 
Forum: Personal Consumer Issues
Topic: unanticipated savings (or costs) of stay at home parent?
Replies: 18
Views: 1295

Re: Middle ground between credit counseling & financial advi

It's very nice that you want to help your relative. Does she want to help herself? She has to be the instigator of this life change or there's no point in you wasting your energy. Same holds true for all major life changes. Do YOU want her to change or does SHE?
by Boglemama
Sat Jan 25, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Middle ground between credit counseling & financial advisor?
Replies: 9
Views: 583

Re: Is there a low cost cell phone plan, limited minutes?

Typo, 100 minutes. At one time, I had the ATT GoPhone. I bought 1000 minutes for $100 for a year. That work well until I decided to get an iPhone. http://www.att.com/shop/wireless/plans/prepaidplans.html#planlist-ptip_sku4950226 You just pay for more minutes if you need them. I have used this for 4...
by Boglemama
Mon Jan 20, 2014 8:14 pm
 
Forum: Personal Consumer Issues
Topic: Is there a low cost cell phone plan, limited minutes?
Replies: 63
Views: 3435

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

1644. Hopefully! We have 13 more years to go before hubby considers early retirement. I'd like to buy more "on sale"!
by Boglemama
Mon Jan 06, 2014 8:19 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 525
Views: 10640

Re: What did you do with unwanted baby gear?

We have consignment shops that will take the items and give you cash or in-store credit. I'd call some locally and see what they are taking and when.
by Boglemama
Sat Jan 04, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: What did you do with unwanted baby gear?
Replies: 22
Views: 1228

Re: Career advice for niece (without College degree)

Get a solid blue collar skill. Plenty of people do very well as electricians, plumbers, etc. This is especially true if they learn the ropes and start their own business. The key is to have a solid set of skills. Sure you can be in computer science, engineering, get a business degree, get into bio-...
by Boglemama
Mon Dec 23, 2013 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 3575

Re: Career advice for niece (without College degree)

May I respectfully ask that everyone wake up from the 1950's. There are wonderful jobs that do not require degrees such as electrician, plumber, mechanic, etc. that are not traditionally female jobs and that pay very well. Maybe have her do an internship into one or more of them.
by Boglemama
Mon Dec 23, 2013 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Career advice for niece (without College degree)
Replies: 55
Views: 3575

Re: One more newbie joining the community

whoMe wrote:If you are single, how are you maxing out both a 401k and a 403b?


I am assuming the opening post meant to say that they have a 401 and 457, not a 403b, as they had said in the beginning of the post.
by Boglemama
Fri Dec 20, 2013 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: One more newbie joining the community
Replies: 16
Views: 1051

Re: London and Paris Trip Advice

Paris: La Aus de Falafel in Paris is WONDERFUL falafel sandwiches, extremely inexpensive, and quite an experience. The area also has many great ethnic eateries that are not expensive at all. One thing that we did around Paris was macaron tasting. We would sample the wonderful little cookies from eve...
by Boglemama
Sat Dec 07, 2013 6:48 pm
 
Forum: Personal Consumer Issues
Topic: London and Paris Trip Advice
Replies: 34
Views: 1959

Re: College Wealth - 2.25% APY FDIC insured

letsgobobby wrote:I'm surprised this isn't getting more play in a world where people are looking for yield and safety. 2%+ with no restrictions is pretty hard to beat, isn't it?


Indeed it is! Has anyone discovered a down side? :?:
by Boglemama
Wed Nov 20, 2013 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: College Wealth - 2.25% APY FDIC insured
Replies: 14
Views: 2901

Re: Where to put cash needed in one year

I think the best FDIC insured option for cash out there right now is the Virginia CollegeWealth® 529 Savings account at Union First Market Bank with 2.3% APY. When you take a distribution, the earnings are subject to a 10% penalty (assuming you're not using it to pay for qualified education expense...
by Boglemama
Wed Nov 20, 2013 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to put cash needed in one year
Replies: 8
Views: 1232

Re: Elope to Save Money?

On the other hand, a marriage is a rite of passage, a major life event worth pausing to celebrate. Still, I doubt I'd really regret not doing it later; everybody I know who has been through it says at least half jokingly that they wish they'd just eloped at some point. And we'd have an AMAZING hone...
by Boglemama
Fri Oct 25, 2013 8:59 pm
 
Forum: Personal Consumer Issues
Topic: Elope to Save Money?
Replies: 79
Views: 5205

Re: Sites or Other Resources for Thrifty Moms and Expectant

If I may give some advice. I saved SO MUCH money over other moms that I know. I highly recommend: -Buying maternity wear at Consignment shops and Goodwill. I ended up making money on my maternity wardrobe. I bought all of it (other than nursing tanks and granny panties from Target) at consignment sh...
by Boglemama
Fri Oct 25, 2013 8:09 am
 
Forum: Personal Consumer Issues
Topic: Sites or Other Resources for Thrifty Moms and Expectant Moms
Replies: 7
Views: 487

Re: preparing children for wealth

If I may make a suggestion, I had inherited a small amount when I was 16. I blew it. It taught me a lesson. I suggest starting by trying to teach your children financial skills by living financially smart as others have suggested. Explain to them your choices and why you make them. Try to get them t...
by Boglemama
Fri Oct 04, 2013 3:59 am
 
Forum: Personal Finance (Not Investing)
Topic: preparing children for wealth
Replies: 52
Views: 6419

Re: Inherited House w/ Mortgage. Rental Property?

Having a rental property is a job unto itself and can be time consuming. You would need to know rental laws, building code, and many other details. Then, deal with tenants. Is this something that you want to do? Property taxes, maintenance, etc. Your supporters. Do they have rental property and know...
by Boglemama
Sun Sep 01, 2013 5:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited House w/ Mortgage. Rental Property?
Replies: 66
Views: 4522

Re: Bankruptcy and Medical Billing Advocates

There are a lot of unknowns. (medical bills, mortgage, equity, car info). You really need the whole picture if you are to advise properly. Also, 2 cars? Why? It seems as if your friend is trying to take the easy way out by going bankrupt. Start by cutting back on unnecessary expenses (extra car, sel...
by Boglemama
Tue Aug 20, 2013 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy and Medical Billing Advocates
Replies: 9
Views: 710

Re: Poll: $ monthly contribution to 529/college savings

We save in chunks. Indiana has a 20% state tax benefit up to 5000 invested, so if we invest 5k then we get $1,000 off of our state taxes. Pretty sweet. Nice immediate return in addition to any gains/growth.
by Boglemama
Sun Aug 18, 2013 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: $ monthly contribution to 529/college savings
Replies: 60
Views: 5582

Re: Could your spouse manage your portfolio?

My husband could care less. I went to the ATM the other day and my 5 year old son asked me to take out a hundred thousand dollars for him. Hubby replied that we don't have that much money. Yes we do! I was shocked, as we have over a quarter million just in retirement funds. He was surprised even th...
by Boglemama
Sun Aug 18, 2013 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Could your spouse manage your portfolio?
Replies: 62
Views: 3555

Re: Could your spouse manage your portfolio?

My husband could care less. I went to the ATM the other day and my 5 year old son asked me to take out a hundred thousand dollars for him. Hubby replied that we don't have that much money. Yes we do! I was shocked, as we have over a quarter million just in retirement funds. He was surprised even tho...
by Boglemama
Sat Aug 17, 2013 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Could your spouse manage your portfolio?
Replies: 62
Views: 3555

Re: PLEASE help-complicated estate probate question

Best to just check or use and attorney to check all the original documents: will, estate accounting, any legal filings. OP does not indicate the relationship between mom and sons. Odd that sons would not have any contact with father because he was broke. I would hope wife stays clear of this and al...
by Boglemama
Mon Jul 29, 2013 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: PLEASE help-complicated estate probate question
Replies: 12
Views: 857

Re: PLEASE help-complicated estate probate question

I agree you and your husband should consult an attorney. My questions/comments would be: 1. How/why does the estate owe $3 million? 2. If the estate's debts ( $3M) exceed its assets ($2M), so that there would be nothing remaining for the beneficiaies, why did the father say that the ex-wife and oth...
by Boglemama
Mon Jul 29, 2013 7:00 am
 
Forum: Personal Finance (Not Investing)
Topic: PLEASE help-complicated estate probate question
Replies: 12
Views: 857

Re: PLEASE help-complicated estate probate question

avalpert wrote:I'd advise you talk to an attorney.


So would an estate attorney be the speciality to consult?
by Boglemama
Sun Jul 28, 2013 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: PLEASE help-complicated estate probate question
Replies: 12
Views: 857

Re: PLEASE help-complicated estate probate question

One big question, how does a dead guy still own property?
by Boglemama
Sun Jul 28, 2013 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: PLEASE help-complicated estate probate question
Replies: 12
Views: 857

PLEASE help-complicated estate probate question

Around 10 years ago my father in law had been owner of a family business and had sold the business, but still retained ownership of the building that the business is housed in. (building valued at 1.8 million) The new owner paid FIL 10k per month rent for the building. FIL went into a nursing home a...
by Boglemama
Sun Jul 28, 2013 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: PLEASE help-complicated estate probate question
Replies: 12
Views: 857

Re: Is this a good rental property? Would you buy?

As a renter, I would use the RUBs system. I like paying my own utility bills and puts responsibility on the renter. You want to encourage responsible renters going into your place. How much area is there for mowing? Renters in a duplex setting don't want to take care of a yard much. Is the area a d...
by Boglemama
Sun Jul 21, 2013 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

I owned a 3 family once with Shared Utilities where I paid for the heat. I remember meeting a plumber at one of the units during the day to let him in for some work. The owner kept her dog there and insisted he "stay warm". The heat was set to 82 degrees and I was sweating while in the pr...
by Boglemama
Sun Jul 21, 2013 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Great article about utility conservation methods for landlords:
http://www.biggerpockets.com/renewsblog ... ity-costs/
by Boglemama
Sat Jul 20, 2013 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

I am in negotiations for a rental property. I have some reservations because it's a duplex (3 br and efficiency) with shared utilities .. I owned a 3 family once with Shared Utilities where I paid for the heat. I remember meeting a plumber at one of the units during the day to let him in for some w...
by Boglemama
Sat Jul 20, 2013 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Boglemama; Why is it shared utilities, very unusual. The numbers are good but the shared utilities can be because it is not a legal 2 family home. Be careful....Gordon I hadn't thought of that! I just checked with tax records and it's listed as a duplex. I imagine that it's got shared utilities bec...
by Boglemama
Sat Jul 20, 2013 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Boglemama, you seem to be running through different opportunities. I would suggest that rather than asking about each property, you create a spreadsheet or other evaluation tool and then seek comments on improving it. That way you will not have to post the details on each opportunity. The numbers y...
by Boglemama
Sat Jul 20, 2013 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

travellight wrote:The only thing better is this was a SFR with these same numbers and you didn't have to pay utilities.


I agree totally, but beggars can't be choosers.
by Boglemama
Sat Jul 20, 2013 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

I would definitely go for it based on my calculations. If rents cover the mortgage on a 15 year loan, I give it green light with these caveats: you really feel you have an accurate assessment of the rents and that it will rent easily, and that it is inspected and the property is in excellent condit...
by Boglemama
Sat Jul 20, 2013 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

At quick, first glance there are some expenses conspicuously absent from your calculations: Vacancy allowance (is this a stable area? a building that will attract long-term tenants? are rents trending up or down? 100% occupancy over the long term is not realistic) Management costs (what is your tim...
by Boglemama
Sat Jul 20, 2013 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

I think the key question here is: Can you afford to pay the mortgage without the rental income? I don't have any rental experience, but it seems to me that you shouldn't count on 100% occupancy. I am going to pay cash. Like a good Bogelhead, I have saved. Now is the time to benefit from that! :D Yo...
by Boglemama
Sat Jul 20, 2013 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Lady Geek-This will be my first rental but my family has a rental, so I'm prepared for the frustration that goes with that. I am planning on renting out both sides of the duplex.
by Boglemama
Sat Jul 20, 2013 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Anyone with any advice?
by Boglemama
Sat Jul 20, 2013 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Is this a good rental property? Would you buy?

Some people may be thrown off be the low price, but is in a good/safe area in our town. Property values are just really low here.
by Boglemama
Sat Jul 20, 2013 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Is this a good rental property? Would you buy?

I am in negotiations for a rental property. I have some reservations because it's a duplex (3 br and efficiency) with shared utilities, but the numbers look good to me. I got the utility figures from the utility company for last year the place was occupied. Here are the numbers. PLEASE let me know y...
by Boglemama
Sat Jul 20, 2013 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this a good rental property? Would you buy?
Replies: 25
Views: 1401

Re: Rental property-what price is good?

Assuming that you can rent for $700 and house inspection will not show need for greater investment that you are projecting, this looks like a deal I would put under contract. I personally would not pay cash, takes away the leverage that makes real estate attractive and today's rates could be a gene...
by Boglemama
Wed Jun 26, 2013 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property-what price is good?
Replies: 21
Views: 1430

Re: Rental property-what price is good?

The market value of the property is 26-37000 based on comps. I'm not sure what a good GRM is in my area. Is that a good one? What "comps!?" would give you a 30-40%+ range? Seriously? Anything more than 10% is an UTTER JOKE! GRM? Not as good as 3.1 at $26,000!! You do realize the market de...
by Boglemama
Wed Jun 26, 2013 6:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental property-what price is good?
Replies: 21
Views: 1430

Re: Rental property-what price is good?

The market value of the property is 26-37000 based on comps. I'm not sure what a good GRM is in my area. Is that a good one?
by Boglemama
Tue Jun 25, 2013 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property-what price is good?
Replies: 21
Views: 1430
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