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Re: Is it worth it to buy a condo vs a house.

I would not want to buy with a girlfriend/boyfriend. Get married first and then buy if you think it is worth it.
by CloveLeaf
Sat Jan 24, 2015 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Is it worth it to buy a condo vs a house.
Replies: 25
Views: 2629

Re: What age did you pay off your "forever" home

We're 32 and having just purchased our first, jointly-owned house with a 30 year mortgage at 3.3% two years ago, we're looking at another 28 years :shock:. If we come into a windfall, we'll look at paying it down, but given the rate, we have other goals that we're more focused on. This is an incred...
by CloveLeaf
Fri Jan 23, 2015 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 4062

Re: When your spouse isn't quite as frugal as you

This subject brought a chuckle because it takes a bit of perspective to appreciate how bad it can get. When I was your age (40) I was married to a woman who didn't work. We had two children who were in day care all day while she went out to lunch almost daily with her girlfriends, or went shopping ...
by CloveLeaf
Sat Jan 17, 2015 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8707

Re: When your spouse isn't quite as frugal as you

It's in addition to retirement savings. I have my 401k with 12% of my paycheck going to it. He has a pension and an annuity that his employer pays for, but the annuity is not that much (right now it's $1.10 an hour but it was $0.10 an hour just a few years ago because of the economy). I want to get...
by CloveLeaf
Sat Jan 17, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8707

Re: Net Worth Survey, 2015 Edition

Is there any way to update my input? Accidentally put in a wrong number....
by CloveLeaf
Sat Jan 17, 2015 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 22485

Re: Net Worth Survey, 2015 Edition

The results are skewed. There are 812 responses, which represents 1.9% of the membership (812 / 42219). I encourage members to not feel intimidated about the survey. If anyone is going through some tough times (financial), by all means ask for help. That's what we're here for. Then, complete the Ne...
by CloveLeaf
Sat Jan 17, 2015 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 22485

Re: Net Worth Survey, 2015 Edition

Does the annual expense include income tax and FICA?
by CloveLeaf
Sat Jan 17, 2015 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 22485

Re: Increase Investing or Pay Down Mortgage?

I'd invest more. But why Roth 401K not a traditional one?
by CloveLeaf
Fri Jan 09, 2015 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Increase Investing or Pay Down Mortgage?
Replies: 16
Views: 2025

Re: Bank transfer to purchase Vanguard fund didn't go throug

It takes a while (several days) for the notice that the bank side of the transaction failed to get to Vanguard, but it surely will. Until that electronic notice gets sent and arrives at Vanguard, they still think it's going to happen. Wait until you see that the transaction failed on the Vanguard e...
by CloveLeaf
Thu Jan 08, 2015 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bank transfer to purchase Vanguard fund didn't go through
Replies: 3
Views: 643

Bank transfer to purchase Vanguard fund didn't go through

I made a purchase at Vanguard yesterday but accidentally selected the wrong bank account. This morning, I got an email from my bank telling me the transfer didn't go through because I didn't have enough fund. The bank's email also says I need to call Vanguard to reschedule this transfer if I need to...
by CloveLeaf
Thu Jan 08, 2015 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bank transfer to purchase Vanguard fund didn't go through
Replies: 3
Views: 643

Re: Cancel Homeowner's Insurance?

I've been thinking about canceling my homeowner's insurance. Why? Have you determined that you sufficient funds to self-insure against the potential loss? I am canceling my health insurance and taking the tax penalty that i don't have to pay. So I was thinking about what other insurances that I hav...
by CloveLeaf
Tue Jan 06, 2015 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6613

Re: Poll: Favorite Coping Strategies for Volatility

TLH, so I selected "other". I actually get excited when market goes down.
by CloveLeaf
Tue Jan 06, 2015 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Favorite Coping Strategies for Volatility
Replies: 41
Views: 2654

Re: How to save like the rich - housing

I don't agree that the implied causation (spending less on house=more investment success=being rich) is entirely false. As the figures show, most '1%' people (for which the cutoff IIRC is mid to high single digits $mil net worth, though that number is surprisingly hard to nail down, less certain th...
by CloveLeaf
Wed Dec 31, 2014 1:59 am
 
Forum: Personal Finance (Not Investing)
Topic: How to save like the rich - housing
Replies: 14
Views: 4183

Re: Credit card sign-on bonuses -- worth the trouble?

Someone has recommended to me a program called AwardWallet to keep track of various cards. Has anyone here used it? Do you recommend it? Would it catch the nuances of the AMEX credit card bonuses? Victoria I have been using it for quite a while. It is very useful. But I think a couple of airlines h...
by CloveLeaf
Mon Dec 08, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card sign-on bonuses -- worth the trouble?
Replies: 83
Views: 6851

Re: Credit card sign-on bonuses -- worth the trouble?

I spent this weekend attending lectures on various aspects of frequent travel. If I understood it correctly, around 2010, airlines were facing bankruptcies and asking banks to help them out. As a part of the deal, airlines gave miles to banks at significant discounts, which banks are now using as s...
by CloveLeaf
Mon Dec 08, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card sign-on bonuses -- worth the trouble?
Replies: 83
Views: 6851

Re: How long did your IT career last? At what age did it en

Started programming in the mid 70's. Had a bunch of jobs, enjoyed work much/most of the time. Liked the flexibility. Got a Master in Computer Science at night - and met my future wife at school. Got laid off three times since 2000 and spent a total of 12 months out of work. Finally tried a job in a...
by CloveLeaf
Sun Dec 07, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 156
Views: 15074

Re: Anyone here use Personal Capital?

I use it and I like it. I have so many accounts, high yield checking, regular checking, multiple CDs, multiple IRAs and 401Ks. I need a service like this. They do call. I just won't answer any call from numbers that I don't recognize.
by CloveLeaf
Wed Jun 25, 2014 11:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 56
Views: 7808

Re: Budget or create saving buckets?

I use excel. It is free and very flexible. Well, google spreadsheet is free.
by CloveLeaf
Wed Jun 25, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 8322

Re: Mango prepaid card - 4.8% (effective) APY

Has anyone tried signing up for both spouses lately? My application went through. However, my husband's returned error message. Are they limiting to 1 per household now?
by CloveLeaf
Thu Aug 29, 2013 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 83
Views: 31496

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

We started when our daughter was 1.5 years old for $500 per month. I agree retirement saving should always come first. We max 2 401K, HSA and 2 Roth IRA before funding 529.
by CloveLeaf
Sun Aug 18, 2013 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: $ monthly contribution to 529/college savings
Replies: 60
Views: 6720

Re: Tempted to Use Roth IRA for House Down-Payment

I wouldn't do it, but I'm single with no kids. You can never get that money back into the account. You could always rent a house or apartment in the "good" school district :) What if the landlord told you he sold the property and you need to find another place to live? It could be very ha...
by CloveLeaf
Fri Apr 19, 2013 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tempted to Use Roth IRA for House Down-Payment
Replies: 16
Views: 4525

Re: How does a job change affect a mortgage application?

From personal experience, as long as the new job is in the same line of your old job, you'd have no problem getting a mortgage. Both my husband and I just changed jobs, and we had zero problem getting a mortgage. We closed a month ago.

Edited for a typo...
by CloveLeaf
Sat Feb 23, 2013 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How does a job change affect a mortgage application?
Replies: 10
Views: 1281

Re: Rules When Buying a Home (Advice for a First Time Buyer)

To me, anything more than 2X annual income is completely insane to spend on a house. Heck, right now we live in a decent place valued at 66% of yearly income and I feel no need to upgrade right now. As far as the buying experience and the inspection...write the offer such that your offering price i...
by CloveLeaf
Wed Jan 09, 2013 1:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Rules When Buying a Home (Advice for a First Time Buyer)
Replies: 28
Views: 2057

Re: Extra Mortgage Payment

I recently just rate locked 30 year fixed 3.125% no points. 5% is way too high nowadays! Where did you get that rate? http://www.zillow.com/mortgage-rates/ The company I found had 300+ reviews, and A+ on BBB, http://www.myersparkmortgage.com/ 1st home purchase. Emailed back and forth providing docu...
by CloveLeaf
Thu Dec 27, 2012 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Extra Mortgage Payment
Replies: 17
Views: 1970

Re: Extra Mortgage Payment

thanks everyone for the response. APR is 5.25 and no PMI. I am maxing out on 401K and HSA contribution. I can afford to pay an extra monthly payment but thinking if that money could be better off somewhere. You should refinance. 5.25 is way too high. Then you might be able to pay an extra payment A...
by CloveLeaf
Mon Dec 24, 2012 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Extra Mortgage Payment
Replies: 17
Views: 1970

Re: Tooth Crown

That sounds about right. I got a root canal and a porcelain crown in 08. The root canal cost $1100 and the crown cost more than $800. And I was living in a small town at the time.
by CloveLeaf
Mon Dec 24, 2012 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Tooth Crown
Replies: 48
Views: 2535

Re: No Mortgage/Debt

If you take a 3% mortgage and assume a 25% marginal tax rate, your effective rate on that mortgage becomes 2.25%. This is the rate of return for paying down the mortgage early. Not quite. As you said, it gets complicated. To get the deduction, you must itemize. So you lose the standard deductions. ...
by CloveLeaf
Wed Dec 19, 2012 12:36 am
 
Forum: Personal Finance (Not Investing)
Topic: No Mortgage/Debt
Replies: 65
Views: 4565

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