Search found 705 matches

Return to advanced search

Re: How can I stop feeling depressed about my finances?

Thank you for the replies. I've read them all, most three or four times, and I'll be printing out the thread to keep with me. I also now have a few books to add to my reading list. There's no point being negative-- that certainly won't do anything to make my life better. I sat down last night and c...
by Meg77
Tue Sep 30, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 93
Views: 6077

Re: What is your best estimate of the SWR (Safe Withdrawal R

In the Trinity study the worst 30-year historical sequences examined survived at an initial 4% adjusted each later year for CPI. In nearly all cases the assets could have survived a higher level. The difficulty is we can't know in advance what the sequence will be, and that includes knowing the his...
by Meg77
Fri Sep 26, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 3765

Re: Lump Sum Package With Details

You'd only have to earn 2.6% per year on the lump sum to get the same $533 per month. How are you calculating to get that %? I have no idea! Just tried to recalculate it and now keep getting 5.3% ($533x12)/$121,400 Thanks for catching that it does indeed change things. I'll edit my earlier post. :o...
by Meg77
Fri Sep 26, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1534

Re: New 2% cash back Mastercard from Citi

Thanks for the heads up on this great offer! I have a citi dividend card I never use anymore because I also have the CapOne quicksilver and the Amex Preferred Everyday card, but I keep it because it's my oldest. I just called and converted it this morning! For the record the rep said my account numb...
by Meg77
Fri Sep 26, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 222
Views: 23491

Re: Lump Sum Package With Details

Yes, there is a third option. I can do nothing, stay with the existing plan and either receive $533/month starting next year OR receive $1,515.00/month at age 65. The pension is PBGC guaranteed. BFG ps - maybe furwut, you are older than me, so you don't have as long to wait for 65 to arrive? In thi...
by Meg77
Fri Sep 26, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1534

Re: Home affordability

Based on the information you provided, I would buy the $420K home now. It sounds like you can afford, particularly because you have no other debt. If you are planning to move at some point anyway and you have the 20% down payment along with a fully funded EF and a 20% DTI, you have to ask yourself w...
by Meg77
Fri Sep 26, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 24
Views: 2390

Re: Lump Sum Package With Details

I would take the lump sum. Annuities are offering low payouts right now because they are linked to interest rates, which are still near historical lows. Plus as you say, inflation would erode the value of that monthly benefit in a big way. You'd only have to earn 2.6% per year on the lump sum to get...
by Meg77
Fri Sep 26, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1534

Re: Would you pay for these upgrades in a new construction h

If it would cost you about the same to upgrade them yourself, why wouldn't you just pay the $2500 and let them do the labor? That might be the last charge on the contractor's budget I'd second guess. Fixtures can add a LOT to the appearance and feel of your home and are one of the simplest, cheapest...
by Meg77
Fri Sep 26, 2014 4:10 pm
 
Forum: Personal Consumer Issues
Topic: Would you pay for these upgrades in a new construction house
Replies: 17
Views: 1284

Re: Rental Property - Still a Good Investment?

I have a different perspective. In fact, I'm in a very similar situation. I own a $160K condo with a $104K mortgage that was my "first home," and I converted it to a rental property earlier this year when I got married and moved. It won't cash flow; if all goes according to plan I'll lose ...
by Meg77
Fri Sep 26, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Still a Good Investment?
Replies: 31
Views: 3499

Re: Trying to understand Uber and similar "ride sharing" ser

My understanding is that their argument is basically "we aren't a taxi service; we are a technology company that helps you locate people who will give you rides with our app." I'm with you; it doesn't really add up. Arguably taxis and all transportation providers should be held to the same...
by Meg77
Thu Sep 25, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Trying to understand Uber and similar "ride sharing" service
Replies: 51
Views: 3135

Re: Employer finding out you have a financial cushion?

Most managers do not have access to your 401k balance unless you work at a very small company; sure HR does and various other employees in 401k administration perhaps, but they are probably not sitting around looking up balance for fun. I highly doubt any boss who even had that info though would use...
by Meg77
Thu Sep 25, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8136

Re: POLL: Would you rather work half as long or half as ofte

If you could actually work half time your entire life - especially 6 months on and 6 months off - that would be hugely advantageous. I'm not sure why you'd ever want or need to retire if that was the setup. Many folks approaching retirement age want to either keep working or work part time anyway; m...
by Meg77
Thu Sep 25, 2014 12:18 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3893

Re: Why don't you do Financial Planning?

Lots of financial planners (and other financial professionals) do visit this site and enjoy posting in their "down time." Even if you are a full time financial planner who is passionate about personal finance, not very much of each work week is spent actually giving advice. You're doing sa...
by Meg77
Thu Sep 25, 2014 12:03 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3214

Re: How to achieve a balance between "saving" and "living"?!

If maxing out your 401k is a 25% savings rate AND you're getting a match AND you're maxing a Roth IRA at only 24 years of age, then I think it's safe to say you are saving enough and can relax the reigns a bit and enjoy life some more. It's all about priorities. Retirement vs cash reserves vs travel...
by Meg77
Wed Sep 24, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 6544

Re: What Is the Best Way to Shop Mortgage Rates

As a banker who specializes in real estate lending, I can tell you the website comparisons aren't very helpful - especially for comparing atypical loan products like a 7/1 interest only ARM. Lenders adjust their stated rates based on multiple factors including city/state, credit score, LTV, whether ...
by Meg77
Wed Sep 24, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Is the Best Way to Shop Mortgage Rates
Replies: 7
Views: 707

Re: Stubbornly Non-Boglehead Husband. What To Do?

I haven't read all the responses, but it appears that your husband's aggressive risk tolerance and speculative tendencies have served him well in his career, if not in his personal investments. So in other words, you're justifiably annoyed about how he's managing the money, but you wouldn't have mos...
by Meg77
Wed Sep 24, 2014 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7534

Re: We have a grocery problem... [Household budget]

I just want to comment because I seem to be in the minority, along with you, when it comes to overspending in this budget category. In the interest of making you feel better, my husband and I (no kids) spend more than you do. In the last 5 months (the amount of time we've been married), we have aver...
by Meg77
Wed Sep 24, 2014 4:16 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10619

Re: Can anyone help w/ Debt & Credit Score?

If you applied for a mortgage and they declined you then they should give you a copy of your complete credit report, which should have company names and maybe even addresses and phone numbers for the collections agencies /lenders that currently list you as in default. If the phone number isn't there...
by Meg77
Tue Sep 23, 2014 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can anyone help w/ Debt & Credit Score?
Replies: 19
Views: 1037

Re: Need help protecting assets (marriage)

I just got married in Texas and thought and read a lot about this since I was coming in with a lot more in assets than he was. It sounds like what you want is exactly what Texas community property laws dictate anyway: anything you had before marriage stays yours, and anything you accumulate after ma...
by Meg77
Mon Sep 22, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4526

Re: Help with a property sale decision

I am a banker in Texas, and I've also done some seller-financed property loans like the one you are talking about so I have a little bit of experience with these types of arrangements. They are not uncommon and can actually be a really great deal for the buyer and seller alike. Usually the buyer of ...
by Meg77
Mon Sep 22, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a property sale decision
Replies: 7
Views: 679

Re: How to improve my credit score?

Do not do option a) from deikel. There is no reason to pay interest to increase your credit score. It is already good/great. You can pay me money for this advice if you want, it'll do just as much good. Sorry , but of you try to take out a mortgage on a house than the bank is not just looking at yo...
by Meg77
Mon Sep 22, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to improve my credit score?
Replies: 10
Views: 564

Re: How to improve my credit score?

Hi Bogleheads, I have been reading this forum for a couple of years. but this is the first time I have posted a question. I have only been living the US for a few years so I do not have much of a credit history. I am therefore trying to take steps to establish and maintain a good one, in case I wis...
by Meg77
Mon Sep 22, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to improve my credit score?
Replies: 10
Views: 564

Re: Student Loan vs 401k dilemma

I would pay off the loan tomorrow with funds from your emergency fund. (12 months seems excessive when you have debt and 2 stable jobs). I would max out both 401(k)s. I would max out both Roths. I would throw any extra back into the efund until it's back up to 12 months, if that's where you're comf...
by Meg77
Mon Sep 22, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loan vs 401k dilemma
Replies: 21
Views: 1462

Re: Real Estate Question

This seems like more of a psychological decision than a financial one. If you're ready to be free of the hassles of hard assets and want to sell your properties and dump the proceeds in an index fund so you can travel, then that sounds like a good plan. If you want to raise rents a bit and re-lease ...
by Meg77
Wed Sep 17, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question
Replies: 21
Views: 1635

Re: Rental property with in-laws: please help!

OK having read all the posts, the facts appear to be as follows: At the encouragement of her real estate investor parents, your wife purchased a rental property in 2006 with 100% financing: an 80% first mortgage and a 20% HELOC. The first mortgage is an interest only 10 year ARM and the second mortg...
by Meg77
Wed Sep 17, 2014 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 7815

Re: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14

So, one isn't misleading a lender unless one gets caught? PJW I still don't think we were misleading the lender. My husband called and explained our situation honestly after getting the request for the sales contract. He told them we'd gotten an additional loan which would show up on the sales and ...
by Meg77
Fri Sep 12, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 5043

Re: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14

Please read the update to my original post. You may be asked to provide verification that the loan was used for your stated purpose several weeks after you get the funds! I sort of think this is backhanded in a way, since many people like us might have fully intended to use the loan as stated on the...
by Meg77
Wed Sep 10, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 5043

Re: If you had an extra $100,000

Hmm, it would be tempting to pay off debt, but our debt is at such low rates that I'm not sure it would be the best use of our cash. Still, we'd probably use $100K to do some combination of the following: 1. Pay off the remaining $67K on my husband's 2.75% (floating rate) student loan balance. 2. Pa...
by Meg77
Mon Sep 08, 2014 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7241

Re: When to jump ship?

I wish I had some advice to offer, but I'm more interested in other responses. I have a similar recurring dream, except in mine I keep looking for the option to rest on a moderately comfortable island for awhile in the middle of the journey. My expectation would be that I could then find another shi...
by Meg77
Mon Sep 08, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4872

Re: Why does the stock market "always go up"? Will this pers

I think about this sometimes, particularly within the context of certain business segments or even individual businesses. For instance, take the car industry. How can it always keep growing? What if people collectively wise up and stop buying a new car every 2-4 years? Or just decide that spending s...
by Meg77
Mon Sep 08, 2014 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3842

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

As a banker who deals with high net worth clients, I'm not really surprised by any of this. It's absolutely true that most people live paycheck to paycheck - even those folks with really big paychecks. The thing is that many of these people are highly intelligent and apparently fully-functioning mem...
by Meg77
Sat Sep 06, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 9369

Re: Suggestions for 10 days on Hawaiian Islands

I just had a honeymoon in Hawaii. We spent 4 days on Lanai, 4 days on Maui and 4 days on the north shore of Kauai. Lanai was awesome for relaxation and light activity (good hiking, swimming) but may be boring for your teens after 36 hours. Maui might be good as far as a mix of sights and restaurants...
by Meg77
Sat Sep 06, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Suggestions for 10 days on Hawaiian Islands
Replies: 24
Views: 1439

Re: 1.99% Unsecured "AnythingLoan"

So why not borrow from a 401(k) to do the same thing? Any interest paid on the 401(k) loan goes into your own pocket. There is usually a setup fee and small quarterly fee that goes to servicing the loan, but it is cheaper that what you did for something that is a sure thing. There are no loan origi...
by Meg77
Fri Sep 05, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 5043

Re: Help with my parent's finances

Well the good news is that it sounds like they are doing pretty well and won't have to ride out retirement in your guest room! 1. Agree with all the others about selling the company stock. I also don't think there are tax implications to do so within a 401k, but I'm not a CPA. Either way it's still ...
by Meg77
Fri Sep 05, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my parent's finances
Replies: 21
Views: 1908

Re: 32 YO married - Question on Backdoor IRA

Here's how it works for me (I use Vanguard for the record). 1. Open a traditional IRA at Vanguard.com (or wherever). They don't know and won't ask whether you can deduct your contribution or not - it's just a Traditional IRA from their standpoint. 2. "Buy" $5,500 of some investment within ...
by Meg77
Fri Sep 05, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 32 YO married - Question on Backdoor IRA
Replies: 5
Views: 524

1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14

My husband recently bought a new car, and in searching for financing options online he came upon Lightstream, which is a division of Suntrust Bank. https://www.lightstream.com/ They advertise a 5 year fixed 1.99% loan for auto financing, but upon further review it turns out that their loans are actu...
by Meg77
Thu Sep 04, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 5043

Re: Did you reveal to your kids...your savings and salary

I'm in my 30s and have always talked to my parents openly about money. But I've never known anything about how much my mom and dad earned, or about how much they spent for that matter. I couldn't even ballpark it since my dad was mostly self employed and always had income from various sources/projec...
by Meg77
Wed Sep 03, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 6899

Re: Poll: How many own zero/few stocks?

I'm in no index funds. Got 2 target date funds Interesting that you make that distinction... I'd consider you 100% in index funds. index funds are tied to some kind of index. although i can look at the components of my main fund trrbx-it holds underlying funds that are managed and not managed- this...
by Meg77
Fri Aug 29, 2014 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2763

Re: Poll: How many own zero/few stocks?

I have a brokerage account where I own 7 stocks. My husband also has a brokerage account he came into marriage with where he owns 6 stocks. The total value comes to right at 7% of our total investments. The other 93% is primarily in index funds with the exception of a few small sector funds in our I...
by Meg77
Fri Aug 29, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2763

Re: My husband's " WILL", $ left for me to live on....

I agree with everything that is posted above, including the probability that there are probably cultural issues at play here which apparently trump the very unusual situation of a wealthy spouse who expects you to live at the poverty line - even while supporting his own child! - after he dies. If yo...
by Meg77
Thu Aug 28, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: AA suggestions for short period of high earnings

Your income shooting up shouldn't really impact your target AA at all. Whether you're making $50K a year or $1MM a year the decision of where to invest should be driven by what you're investing for (mainly, how long before you need the money). I think your aggressive Target AA is appropriate given y...
by Meg77
Wed Aug 27, 2014 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA suggestions for short period of high earnings
Replies: 4
Views: 470

Re: Mortgages and financial freedom

I haven't read all the responses, but I am on the other end of the typical Boglehead extreme and am probably a bit too comfortable with debt. I think of leverage - particularly long term fixed rate tax deductible leverage - as a powerful tool. It has enabled me to accumulate a very large asset base...
by Meg77
Wed Aug 27, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6886

Re: Request Additional Investment Advice

I agree with the above posters. If you want some real estate exposure I think that's fine to add - also the TIPS bond fund is a good one too. But in general it's fine to hold the same funds. It'll all be in one pot one day when you roll over the 401k to an IRA anyway!
by Meg77
Wed Aug 27, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Request Additional Investment Advice
Replies: 5
Views: 299

Re: Young, Ambitious and Relatively Clueless

To answer your later question, the downside of investing in a taxable account is that you will have to pay taxes every year based on the capital gains distributions and dividends/interest thrown off by that fund. When you rebalance or trade funds/stocks, you'll also owe capital gains on those transa...
by Meg77
Wed Aug 27, 2014 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young, Ambitious and Relatively Clueless
Replies: 13
Views: 1398

Re: Hit a financial milestone at an age milestone

Awesome job! And just imagine where you'll be in another 10 years!! :sharebeer
by Meg77
Wed Aug 27, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5087

Re: Savers vs. Spenders: Default Mode

If you think about it, pretty much ALL money earned or accumulated is earmarked for spending. "Savers" may be wired to plan for or worry about the future more than "spenders" who prefer to enjoy today to the fullest or who don't look ahead. But even savers generally plan to ultim...
by Meg77
Wed Aug 27, 2014 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2244

Re: Portfolio Asset Allocation advice

There are several questions at play here: 1. What is a good target Asset Allocation? The fact that you're in retirement and withdrawing versus contributing is a factor, but age is still a factor as well. You don't want to go too conservative since you may live another 30-40 years - or longer if you ...
by Meg77
Wed Aug 27, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Asset Allocation advice
Replies: 6
Views: 482

Re: Can a Boglehead put down 10% on a house?

I haven't read all the responses, but I would absolutely go ahead and buy a home in that range with 10% down. The fact that you are currently in a 1 br apt and not simply trying to upgrade a house you don't really need to move from is one reason for my opinion, along with the prospect of interest ra...
by Meg77
Tue Aug 26, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can a Boglehead put down 10% on a house?
Replies: 30
Views: 2478

Re: Changing AA from 90/10 to 80/20

I agree that 80/20 is a very reasonable long term AA (though I am 30 and still maintain my original 90/10 AA). I just wanted to say that one method of adjusting your AA is to do so gradually via new contributions rather than picking a date to sell a bunch of stocks and buy bonds. Until very recently...
by Meg77
Tue Aug 26, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Changing AA from 90/10 to 80/20
Replies: 6
Views: 989

Re: SP500 and recency bias

I for one have the opposite problem. The higher the S&P goes, the more I want to sell some things and/or shift my AA to favor bonds. But then it ticks up even higher...I have to remind myself you can't time the market, but it sure is tempting to take some gains off the table and wait for an inev...
by Meg77
Tue Aug 26, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: SP500 and recency bias
Replies: 23
Views: 2151
Next

Return to advanced search