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Re: Once your house appreciates +$250k, sell it?

Plus, in the OPs scenario I took it to mean they used the proceeds to pay cash for the next home anyway. So, the mortgage rate deal brought up is likely moot.
by Twins Fan
Tue Sep 02, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 36
Views: 2369

Re: Debt Payoff Strategy

Since loans 1 - 4 have very similar or the same interest rates, I'd say it matters little if you go smallest to biggest or biggest to smallest. If it were me, I would knock out the small one first and then go after the others one at a time. Looks like it would only take a couple/few months to get th...
by Twins Fan
Tue Sep 02, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 6
Views: 373

Re: Once your house appreciates +$250k, sell it?

"Never"?... might want to check your facts there. :wink:
by Twins Fan
Tue Sep 02, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 36
Views: 2369

Re: Once your house appreciates +$250k, sell it?

This looks too easy. What's the catch (if you're single, no kids)? Sure, so does investing in penny stocks if you just look at the winners. :D It would be easy... except you have no control over the housing market and appreciation. Others have hit all the main points. I will add on to the timing th...
by Twins Fan
Tue Sep 02, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 36
Views: 2369

Re: Why is The Suze Orman Show showing repeats?

Dutch wrote:Who cares?


Agreed.

sheople, the first step is admitting you have a problem. :D Seriously, you sound like you're addicted to this show!... and called the cable company about this? I'm sure they love calls like that, as if they have control over the programming on the chanels. :oops:
by Twins Fan
Tue Sep 02, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Why is The Suze Orman Show showing repeats?
Replies: 19
Views: 1541

Re: Shorten Mortgage or 401K or something else

If you plan to throw a bunch of money at the mortgage anyway, you can knock your 30 year mortgage down to basically a 20 year mortgage or less, save a bunch in interest, and keep the lower payment of the 30 year. Might end up being not all that much difference in total interest also. Mess around wit...
by Twins Fan
Mon Sep 01, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 15
Views: 939

Re: Shorten Mortgage or 401K or something else

2. Re-finance to a 20 year loan. Our monthly payment will be ~$400/month higher compared to our current 30 year loan ( after building 20% equity in the house which we hope we can build after selling stock options + tax return ( tax return of ~$12-14K next year return ) by Feb 2015 , our monthly pay...
by Twins Fan
Mon Sep 01, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 15
Views: 939

Re: I'd buy an S&P 500 index fund in a pinch

So, not much difference between all in the 500 and 80/20 in the 500/EM then... thanks. :wink:

I don't obsess over the slight difference between the 500 and total market or slight differences in ERs. I'm just that simple. :happy

To each their own though.
by Twins Fan
Sun Aug 31, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: I'd buy an S&P 500 index fund in a pinch
Replies: 45
Views: 5490

Re: Do you have class?

First, the title of this thread is horrible. What does that even mean? Then as others have pointed out, rkatz, you are one of many in Bogleheads that have CCs and pay them off monthly/don't carry a balance. There's your peers... Although most probably don't have nine CCs. I'm not sure what you mean ...
by Twins Fan
Sun Aug 31, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1550

Re: Seeking wisdom and guidance

Doesn't look bad at all... should be an easy transition for you. Your IRA is too splintered for my liking. Maybe the same TR fund you have in the 401k? Can her IRA be transferred to Vanguard? As you know, you can have much lower ER target date funds there. Personally, I would say go all target date ...
by Twins Fan
Sat Aug 30, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking wisdom and guidance
Replies: 10
Views: 967

Re: I'd buy an S&P 500 index fund in a pinch

I regard S&P 500 and Total Stock Market as interchangeable in my asset allocation. The complexity of trying to complement it with an extended market fund just isn't worth the trouble. Funny you think 2.6% return annually over 10 years "isn't worth the trouble." And, that additional re...
by Twins Fan
Sat Aug 30, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: I'd buy an S&P 500 index fund in a pinch
Replies: 45
Views: 5490

Re: Mortgages and financial freedom

Personally I think a lot of people are living in the high interest past. Personally I think you could say the same about people living in the high return past. Something rarely brought up in these discussions is predicted returns going forward. True, no one can tell the future. But, most things poi...
by Twins Fan
Thu Aug 28, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Mortgages and financial freedom

Personally I think a lot of people are living in the high interest past. Personally I think you could say the same about people living in the high return past. Something rarely brought up in these discussions is predicted returns going forward. True, no one can tell the future. But, most things poi...
by Twins Fan
Thu Aug 28, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Mortgages and financial freedom

I agree there denovo, that if it's the last few years of a mortgage and payments are mostly principal there's not much of a benifit to paying down the mortgage. Other than just to be done with it, if someone wanted to be. The sooner the better on prepaying. I am always shocked when some folks throw ...
by Twins Fan
Thu Aug 28, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Compute Mathematical Best/Fastest Way to Pay off Car Loa

Southern, all the auto loans I've had worked the same way... extra payments get applied to future payments. You're over thinking this though, IMO. Even with a 6.2% rate you don't have much interest to pay on a $13k balance. Any mathematical best way to pay it off is likely to make little difference ...
by Twins Fan
Thu Aug 28, 2014 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Compute Mathematical Best/Fastest Way to Pay off Car Loan?!
Replies: 16
Views: 1007

Re: Compute Mathematical Best/Fastest Way to Pay off Car Loa

General consensus is I have to pay off a $13,000 car loan (6.2% interest) before I can start investing. Who said this? I would personally make sure I was maxing out retirement accounts (401K, 403B, etc.) at work [or at least to match], a Roth IRA, before making extra payments on this loan. Also do ...
by Twins Fan
Thu Aug 28, 2014 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Compute Mathematical Best/Fastest Way to Pay off Car Loan?!
Replies: 16
Views: 1007

Re: Mortgages and financial freedom

I made a general comment, denovo. Not sure why you felt attacked by my post.... sensitive much? You weren't the only one to bring up property taxes. There are certain bills/taxes we all pay... rent or own. If you own and pay off the mortgage, you no longer have the P&I monthly payment. That's so...
by Twins Fan
Thu Aug 28, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Questions for Landlords

[personal comment removed by admin alex] My tenants clean and pay for the carpets to be cleaned. Anything left excessively dirty that someone would have to come in and clean comes out of the deposit. Any serious holes, damage, or out of the norm wear comes out of the deposit. I have luckily had goo...
by Twins Fan
Wed Aug 27, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Questions for Landlords
Replies: 22
Views: 1445

Re: Mortgages and financial freedom

Oh, I agree. That's why I said it was situational in my earlier post in this thread. :happy The person with lots of cash, plenty of investments, plenty in retirement accounts, and a smallish mortgage compared to their asset, it probably matters little if they pay it off or keep the mortgage. They co...
by Twins Fan
Wed Aug 27, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Mortgages and financial freedom

Someone else commented on it, but I agree with that view of "pouring money into an illiquid asset". If someone buys a house (primary home), they have poured money into an illiquid asset. Whether they pay it off quickly or stretch it the full length of the loan, they owe that money on the m...
by Twins Fan
Wed Aug 27, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: Warren Buffet and the S&P index fund

Are the Bogleheads trying to beat the S&P index both short and long term with this over and under weighting of the stock index funds? Not all of us do that. I'm a big believer in the simplicity Buffett and Bogle advise. I'm also small time compared to many, having a small portfolio now. For me,...
by Twins Fan
Wed Aug 27, 2014 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffet and the S&P index fund
Replies: 23
Views: 1727

Re: Death of family member - what to do financially

My dad passed away a couple years ago and my mom was stressed about figuring out all the similar financial questions. Luckily mom was the finance one of the two and knew where all the paperwork and things were. Having the death certificate was key, as they all wanted that (a copy). Then LOTS of time...
by Twins Fan
Mon Aug 25, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of family member - what to do financially
Replies: 26
Views: 3202

Re: Mortgages and financial freedom

Maybe "flexibility" isn't the right word. You will commonly hear people with paid off mortgages talk about how they are thankful that their mortgage is paid off so they are less worried about a layoff. I remember a thread where someone mentioned that a paid off mortgage was a plus in sala...
by Twins Fan
Mon Aug 25, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6688

Re: New Investor- Am I making sound investments?

My deferred comp. uses Prudential also. Get out of the Goalmaker set up and run your 401k on your own if you can. The Goalmaker puts you in many funds, which complicates things, and many of those are probably high ER funds (that give them a cut). Especially with all the good Vanguard funds you have ...
by Twins Fan
Thu Aug 21, 2014 7:25 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor- Am I making sound investments?
Replies: 22
Views: 2568

Re: How to finance major home improvements

Yes, I think you may need a pay cash option there. Also, what is meant by "major home improvements"?... A new roof, remodel bathroom/kitchen, new driveway etc.? That's what I think of when I see major home improvements. I would pay cash, or save and pay cash for those. I can't imagine tak...
by Twins Fan
Wed Aug 20, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1658

Re: How to finance major home improvements

Ah, see... we need to define home improvements first. My idea of improvements is on a much smaller scale. Makes sense though... maybe mine aren't so much improvements, but upgrades/maintenance/I don't know.
by Twins Fan
Wed Aug 20, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1658

Re: How to finance major home improvements

Yes, I think you may need a pay cash option there. Also, what is meant by "major home improvements"?... A new roof, remodel bathroom/kitchen, new driveway etc.? That's what I think of when I see major home improvements. I would pay cash, or save and pay cash for those. I can't imagine taki...
by Twins Fan
Wed Aug 20, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1658

Re: Newbie - Please critique my portfolio - suggestions welc

A couple lines from your post... I am currently living paycheck to paycheck and don’t have that much money left over for investing. I have no savings. Then slow down the train! Investing should be nowhere near the top of your priority list right now. It's good you are excited about investing, but fi...
by Twins Fan
Wed Aug 20, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie - Please critique my portfolio - suggestions welcome
Replies: 14
Views: 1382

Re: New Investor!! Did I make a mistake?

It's not a bad fund, but you will find more fans of the value side around here.

I don't really mess with tilting one way or the other, so I will leave any recommendations for others.
by Twins Fan
Tue Aug 19, 2014 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1564

Re: New Investor!! Did I make a mistake?

Did you make a mistake? Yes, jumping in blind and thinking you know more than someone that started the STAR fund for you when you were born. :D Why a growth index fund anyway? Slow down there, young fella. Moves you make today aren't going to make you rich by tomorrow. You have plenty of time... rea...
by Twins Fan
Tue Aug 19, 2014 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1564

Re: 401k versus Roth IRA

It's just a simple early withdrawal. You put your money in and now you want to take it out. You will get paperwork at the end of the year that will list the contributions, the early withdrawal, and some letter (like J, I don't recall) to say it was contributions and not a taxable withdrawal. I did i...
by Twins Fan
Tue Aug 19, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 676

Re: Wash D.C. speed camera - how accurate?

Nice long drawn out post. Likely did much better to convince the OP not to challenge it than I did. :D

Still doesn't change the fact that they don't KNOW how fast they were going.
by Twins Fan
Tue Aug 19, 2014 2:28 pm
 
Forum: Personal Consumer Issues
Topic: Wash D.C. speed camera - how accurate?
Replies: 40
Views: 2411

Re: Roth IRA Question

Time in the market is more important than timing the market. At 23 years old, do you think the S&P 500 will be higher 20 - 30 - 40 years from now? If yes, it probably mattes little if you jump in now or next year or..... I'd say the Lifestrategy Growth fund would be good for now, or throw it in ...
by Twins Fan
Tue Aug 19, 2014 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Question
Replies: 7
Views: 445

Re: Wash D.C. speed camera - how accurate?

What does the accuracy of the camera matter if your accuracy is off? :D

You don't think you were over 40 mph??? I wouldn't waste your time if you don't even know how fast you were going.
by Twins Fan
Tue Aug 19, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: Wash D.C. speed camera - how accurate?
Replies: 40
Views: 2411

Re: Long term bond tilting?

Knowing Larry Swedroe's take on the LT treasuries, I will be able to read his bond book knowing one of his takes on the matter in advance, which helps. Thank you again, Robert. Spoiler alert. :D ... If you bought Larry's "Only Guide to a Winning Bond Strategy You'll Ever Need" book, don't...
by Twins Fan
Tue Aug 19, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: Long term bond tilting?
Replies: 14
Views: 1262

Re: Is a big war coming ???

What does "war times" mean? Because I'd say it's been war times for more than a decade now. Shouldn't commodities have been going up for a while....
by Twins Fan
Tue Aug 19, 2014 8:07 am
 
Forum: Investing - Theory, News & General
Topic: Is a big war coming ???
Replies: 37
Views: 3838

Re: In-Law Financial Issues (long)

What the heck should you do?... Easy, divorce the wife, no longer worry about the in laws, and sleep well!... I kid :D There is nothing that requires the in laws to save and spend in a way that pleases you, OP. There is also nothing the requires you to help them later IF they even need it. To me it ...
by Twins Fan
Mon Aug 18, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4159

Re: Strategic Default

It was simply a point being made.

I really hope picking apart posts makes some of you feel better. :wink:
by Twins Fan
Fri Aug 15, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: Strategic Default

1. My understanding is the state in question very much IS a recourse state, so that may be the deciding factor.. Does it matter if he no longer lives in that state? From what I understood looking into all this, nope doesn't matter where he lives. It would go off where the property is. That's anothe...
by Twins Fan
Fri Aug 15, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: Strategic Default

[OT comment removed by admin LadyGeek]
by Twins Fan
Fri Aug 15, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: taxes on rental property sale

As a rental property owner I've looked into this before to see what selling would be like, and I agree it's as clear as mud. Along the lines of what Joe said, I believe to figure your loss you don't go off what you paid in 2006 but whatever value was used when you converted it to a rental (what your...
by Twins Fan
Fri Aug 15, 2014 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: taxes on rental property sale
Replies: 8
Views: 856

Re: Strategic Default

Moral issues aside, at what point would one consider a strategic default on a property? Situation: My brother purchased a condo at the top of the bubble, later got married, got out of the military, and moved out of state. The condo is STILL 25-30k under water 8 years later. He currently has a rente...
by Twins Fan
Thu Aug 14, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: US Equity Benchmark Options

The S&P 500 is about 70 - 80% of a total stock market fund. So if you're looking for simple and three fund type, that's the way to go out of those choices.
by Twins Fan
Thu Aug 14, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: US Equity Benchmark Options
Replies: 4
Views: 225

Re: Pay off that Mortgage?

I think it is best to maximize 401K and Roth. If you have extra money on top of that, you can consider paying of mortgage. Mortgage payoff returns is a sure thing (with interest rates being low now, it is less but still a sure thing). Personally I prefer to be debt free and will sleep better withou...
by Twins Fan
Thu Aug 14, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off that Mortgage?
Replies: 18
Views: 2522

Re: I don't have enough cash for index funds

I'm not familiar with Fido and their minimums, but probably just a money market fund for now? How did they let you open it if you didn't have the minimum amount? Might want to wait until you have the full $2500 for the minimum for yours and for the wife's next year. Keep it in a savings account to m...
by Twins Fan
Thu Aug 14, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3765

Re: Fed Taxes on Sale of Rental/Primary Residence

No, because I've never filed for an extension. Have those of you that chimed in about that ever heard of letting the OP answer the question asked of them. :wink:
by Twins Fan
Wed Aug 13, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fed Taxes on Sale of Rental/Primary Residence
Replies: 12
Views: 887

Re: Pay off that Mortgage?

Is that the only investment option? I would look at it the other way. If I were to hold onto a debt having the money to pay it off, but invested the money instead it better give me quite a kicker over the debt interest rate. Nearly identical interest rates for me would be an easy pay off the debt ca...
by Twins Fan
Wed Aug 13, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off that Mortgage?
Replies: 18
Views: 2522

Re: a number of questions on indexing

Wow, only 41 questions... I'm suprised there isn't more response. Or, I should say I'm suprised there has been some response. I couldn't even make it reading through all the questions. johnny, start different threads with maybe a few questions in each one. This was just too much... almost annoying. ...
by Twins Fan
Wed Aug 13, 2014 4:20 pm
 
Forum: Investing - Theory, News & General
Topic: a number of questions on indexing
Replies: 20
Views: 2749

Re: Should I make my entire tax-deferred portfolio bonds?

As mentioned, you don't have any tax deferred accounts yet. The Roth is tax advantaged because you paid taxes already on the contributions and don't pay taxes later on the gains (avoiding penalties of course). Will you have a 401k or similar available through your employer? Think of yourself having ...
by Twins Fan
Wed Aug 13, 2014 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I make my entire tax-deferred portfolio bonds?
Replies: 8
Views: 1135

Re: Fed Taxes on Sale of Rental/Primary Residence

If you sold it last year (2013), why are you figuring this out and asking in August 2014? This should have been all done already, right? I think others have it right saying depreciation is the likely tax here. Sounds about right... wild guess numbers of $5k/year depreciation, 2.5 years as a rental, ...
by Twins Fan
Wed Aug 13, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Fed Taxes on Sale of Rental/Primary Residence
Replies: 12
Views: 887
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