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Re: Would you buy a house in cash if you had enough?

I went through this recently; similar rate as well (4.05%). I opted to take the mortgage. We are in a high tax bracket and the math just made it too good to pass up. Could you explain how the math made it too good? Are you taking about taking a deduction on the interest paid? So the rate would be e...
by harikaried
Thu Oct 02, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house in cash if you had enough?
Replies: 38
Views: 1778

Re: Investing $40K of taxable savings

I have $40K sitting in my saving account that I would like to invest. In a previous post, you mentioned having $30k in emergency cash. Is this $40k the same emergency cash, i.e., if you invested it all, you would have no emergency fund? $10K - Energy ETF $10K - Health care ETF Curious, do you know ...
by harikaried
Sat Sep 27, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing $40K of taxable savings
Replies: 22
Views: 1605

Re: Is it bad to put 23k a yr in retirement if I only make 4

We currently keep the money separate as we have through our entire relationship and split costs. That's totally fine for now just like how my girlfriend and I split shared costs before we were married, and each covered his/her own personal expenses. It's great that you took responsibility of paying...
by harikaried
Fri Sep 26, 2014 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it bad to put 23k a yr in retirement if I only make 42k?
Replies: 29
Views: 3559

Re: Is it bad to put 23k a yr in retirement if I only make 4

Please let me know if I am missing some basic flaw to my plan, as I can't seem to think of one. I think the more appropriate statements and questions would be (given that you're getting married): Is it bad to put <combined retirement contribution> a yr in retirement if we make <combined income>? We...
by harikaried
Fri Sep 26, 2014 2:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it bad to put 23k a yr in retirement if I only make 42k?
Replies: 29
Views: 3559

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

Think of it more as an on-demand limo service than hailing a taxi. There's a bunch of niceties handled by the app of not needing to figure out payments or tips and how long it'll take to get picked up, etc. (Note: I haven't used the app myself, but I've been on rides that other people have called wi...
by harikaried
Thu Sep 25, 2014 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Trying to understand Uber and similar "ride sharing" service
Replies: 54
Views: 3293

Re: inherited 500k, still a college student, how to invest??

Secondly, in terms of monthly expenses my brother and I had been receiving roughly $2500 a month from my father. Did both you and your brother receive $500k each? Or is that $500k for both you and your brother -- and is it in just your name, and you're expected to take care of some of your brother'...
by harikaried
Sun Sep 21, 2014 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: inherited 500k, still a college student, how to invest???
Replies: 48
Views: 4121

Re: Student Loan vs 401k dilemma

Emergency Funds: 12 Months of full living expenses Is there enough balance in a taxable account / Roth IRA or perhaps credit from an unused HELOC / credit cards that could act as various levels of emergency funds? If so, the emergency fund could probably drop to half a year or a quarter or maybe 2 ...
by harikaried
Sun Sep 21, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loan vs 401k dilemma
Replies: 21
Views: 1462

Re: refinance to max out Fidelity 403(b)?

Current mortgage balance is $158,193.. Penfed says I can refinance to a 15 year fixed @ 3%, with a 1% origination fee & $2518 in closing costs. By refinancing, my monthly mortgage payments would be ~$365 less, & I'd be able to max out the 403(b). The upfront costs is ~$4100 and 12 months of...
by harikaried
Sun Aug 31, 2014 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: refinance to max out Fidelity 403(b)?
Replies: 9
Views: 402

Re: Where to invest $100,000 this week

What would you do if you spent $100 less (on say food/gas) last month and now have $100 to save/invest?
by harikaried
Thu Aug 28, 2014 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest $100,000 this week
Replies: 14
Views: 1905

Re: FYI, PenFed offering 0.0% new car loans

Why would even a consumer-friendly credit union offer zero percent? This has to cost them SOMETHING. It gets people interested in PenFed. We actually ended up with a 0.9% rate with PenFed through their car buying service when we happened to buy in the few months they no longer offered 0%. :oops: I ...
by harikaried
Wed Aug 27, 2014 12:26 am
 
Forum: Personal Finance (Not Investing)
Topic: FYI, PenFed offering 0.0% new car loans
Replies: 15
Views: 1852

Re: Suggestion: A 'Best Of Bogleheads Posts' Sub-Forum

How do you sort by view count? Is there a sort button somewhere I am overlooking? Yeah, it's hard to find as it's at the very bottom of the page. Just below the blue border surrounding the list of topics, there's a few dropdown menus with a "Go" button. Display topics from previous: [All ...
by harikaried
Tue Aug 26, 2014 2:40 pm
 
Forum: Forum Issues and Administration
Topic: Suggestion: A 'Best Of Bogleheads Posts' Sub-Forum
Replies: 12
Views: 4161

Re: HELOC + Margin = $200k to play with

Wait, now I'm confused. What if we used $100k @ 2.25% HELOC, $100k @ 3% margin, $20k @ 20% credit card cash advance. ($100k * 2.25% + $100k * 3% + $20k * 20%) / ($100k + $100k + $20k) = 4.2% weighted interest rate It seems that Gambler would go ahead and take all 3 loans assuming this 4.2% interest ...
by harikaried
Fri Aug 22, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1787

Re: Smartest way to fund new car purchase?

0% interest on car loans at Pentagon Federal Credit Union http://www.penfed.org. I would recommend you check out the car buying service: https://www.penfed.org/PenFed-Car-Buying-Service/ For a Double Cab, 4X4/Long Bed/V6/Automatic, you should be able to get it with no hassle for ~$27,924 ($1346 off...
by harikaried
Sun Aug 17, 2014 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Smartest way to fund new car purchase?
Replies: 20
Views: 1529

Re: Mortgage Prepayment Question

Assuming the rate is 8.26% currently with $125k left in principal, the monthly payments is roughly $1441. This could work if the loan was originally for $191,700 30-yr fixed from 19 years ago. And with that timeframe, the interest rate matches up. Assuming $100k principal payment, that would leave $...
by harikaried
Tue Jul 22, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 43
Views: 3213

Re: Mortgage Prepayment Question

Actually, I don't think you are telling us the truth; the principal amount went up 3, the interest amount down 4. So let's use the interest instead of the principal. 12 x (4/581) = 8.3% Something isn't right with your numbers. I ran into similar issues when calculating the interest rate and princip...
by harikaried
Tue Jul 22, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 43
Views: 3213

Re: Divesting Stock with Sentimental Value

If you don't directly need this money for yourselves or children, you could donate it to a Donor Advised Fund and name it in memory of spouse's parent or whatever you want to call it. You can take the tax deduction while choosing to support nonprofits your wife or your wife's parent would have wante...
by harikaried
Sat Jul 19, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Divesting Stock with Sentimental Value
Replies: 39
Views: 2007

Re: Help with setting up Fidelity solo-401k

You'll also be filling out an "Account Application" in addition to that "Adoption Agreement." https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/se-401k-application.pdf That form explicitly says: All forms must contain your Employer Tax ID number. Do not use your ...
by harikaried
Fri Jul 18, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 865

Re: Who else hates choosing a car?

I was heavily looking at subaru's, but I live in coastal virginia where snow isn't too rampant A quick search says Norfolk has above average number of days of precipitation, although I'm not really sure how hard it rains when it does rain. AWD is useful whenever you need to accelerate in slippery s...
by harikaried
Fri Jul 18, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 95
Views: 8270

Re: Does this loan repayment schedule make sense?

You save the most interest the earlier you put a large amount of money towards the principal. Another way to look at this is how much do you want to end up paying in interest? I made up some numbers that seem to be close to yours: $14k loan at 3.5% for 66 months = $233/mo minimum payments with total...
by harikaried
Fri Jul 18, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does this loan repayment schedule make sense?
Replies: 9
Views: 475

Re: POLL: Do you have a dedicated REIT allocation?

We had 10% in REIT until end of 2012 when we simplified to: age in bonds - 10, bonds = 1 total bond : 1 tips, equities = 2 us : 1 intl. Maybe someday we'll just do age in bonds to remove another "10."
by harikaried
Fri Jul 18, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7639

Re: Ways to lose money and destroy personal wealth by invest

Valuethinker wrote:investing decisions made for primarily tax related reasons
I've heard people say "Don't let the tax tail wag the dog," but are there examples of doing/not-doing something purely for tax reasons?

Perhaps something like never rebalancing if you only had taxable investments?
by harikaried
Thu Jul 17, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9652

Re: $32k Subaru Outback or $14k Mitsubishi Outlander Sport

The 2015 should have higher resale value since a year newer so the initial cost difference probably is made up in the end. Loan rate 1.9% (emphasis mine) You can get your own 0% 36-mo loan and bring the check. That's how PenFed's Car Buying Service works: https://www.penfed.org/PenFed-Car-Buying-Se...
by harikaried
Wed Jul 16, 2014 8:04 pm
 
Forum: Personal Consumer Issues
Topic: $32k Subaru Outback or $14k Mitsubishi Outlander Sport
Replies: 46
Views: 5145

Re: Paperwhite for Cloudy-Day Reading

Well, after reading all these posts, its sounds like Paperwhite is a no-brainer. I will check it out for myself at Best Buy. How soon did you want to get it? The previous versions came out October 2012 then the current one September 2013. http://en.wikipedia.org/wiki/Amazon_Kindle#Kindle_Paperwhite...
by harikaried
Wed Jul 16, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Paperwhite for Cloudy-Day Reading
Replies: 21
Views: 1859

Re: Man turned $2 m into 187 million and gave it away

wrysys wrote:turned a $2m inheritance into 187 million over 60 years
(187 / 2) ^ (1 / 60) = 7.86% annual growth

S&P 500 60 years ago was around $22 and today $1973, so 7.78% annual growth, so 8 basis points less.

Does this mean he could manage a fund with 0.08% expense ratio to get the same results?
by harikaried
Wed Jul 16, 2014 1:02 am
 
Forum: Investing - Theory, News & General
Topic: Man turned $2 m into 187 million and gave it away
Replies: 7
Views: 2641

Re: Should I buy a new(er) car, and if so what?

Before you plunk down money on a new car, go to the electronics store ASAP and treat yourself to a wonderful new stereo deck with USB port and auxiliary audio. This will cost you less than $200. Oh neat! I just did a quick search on Amazon for car stereos with bluetooth: Electronics : Car & Veh...
by harikaried
Wed Jul 16, 2014 12:36 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a new(er) car, and if so what?
Replies: 19
Views: 2324

Re: $32k Subaru Outback or $14k Mitsubishi Outlander Sport

I've been planning to buy a 2015 Subaru Outback Limited with eyesight for a while Any particular reasons for the Limited instead of Premium? You can get EyeSight (+ Blind-Spot Detection & Rear Cross-Traffic Alert + Power Rear Gate) on the Premium for $29,540 if you want to shave off a few thous...
by harikaried
Wed Jul 16, 2014 12:11 am
 
Forum: Personal Consumer Issues
Topic: $32k Subaru Outback or $14k Mitsubishi Outlander Sport
Replies: 46
Views: 5145

Re: Should I buy a new(er) car, and if so what?

1) I'm in my car A LOT. 2 hrs a day, 21 work days a month, 12 months a year -- we're talking like 3 weeks of every year I spend commuting. It'd be nice to spend all that time in a car that's a little nicer than my ole Civic--which is beginning to look a little shabby. Are you looking for comfort fo...
by harikaried
Tue Jul 15, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: Should I buy a new(er) car, and if so what?
Replies: 19
Views: 2324

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

No, $35K was in other funds which charge me 2% and such for management, etc. If you still had the money at the 457B and today they announced your ideal 75% stock ETF and 25% bond ETF with 0% expense ratio, would you sell all your funds to cash then incrementally buy the new funds over 6 months whil...
by harikaried
Tue Jul 15, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 1002

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

bruingent wrote:my previous 457B plan has bad funds. So I did the roth conversion.
Meaning that $35k was sitting as cash in the 457B?
by harikaried
Tue Jul 15, 2014 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 1002

Re: Debt payoff plan opinions

You don't have to cash out the 11k in your taxable when you refinance. You can do the full 22k (or whatever is left). Right. You can refinance right now to get a $22k loan @ 1.49% 36mo would result in ~$600/mo payments. Earlier we calculated that even when you max out your 401k, you would have $210...
by harikaried
Tue Jul 15, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3285

Re: Debt payoff plan opinions

how much of a hassle is it to refinance a vehicle. At least with PenFed, you can do all the application online. You specify that you're looking to refinance an auto loan, put in the terms you want (how much, how long), provide some information about the vehicle and current loan. Once approved, you'...
by harikaried
Mon Jul 14, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3285

Re: Debt payoff plan opinions

I am 24, with 78k salary... I am out 1400 a month on living expenses... With 4400/month income after taxes and health insurance but before 401k... So your base salary is 78k and assuming basic income tax with standard deduction, etc., that's $13k in federal income tax, $5k FICA tax, $1k Medicare, $...
by harikaried
Sun Jul 13, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3285

Re: Who else hates choosing a car?

- Fuel Efficiency - Safety - What your commute looks like - How much space/size you need - Weather where you live - Cost I have found myself longing for a nicer car the last 8-12 months, but every time I look at cars, there seems to be no such thing as an affordable luxury car with the fancy interi...
by harikaried
Sun Jul 13, 2014 4:15 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 95
Views: 8270

Re: Debt payoff plan opinions

PenFed offers 2.24% for 60 months with a minimum loan of $10k. This works out to roughly $175/mo, and if you only make minimum payments, the total amount of interest paid over 5 years is less than $600. (You would sell taxable, etc. to pay down the current loan to $10k either just before or as part ...
by harikaried
Sun Jul 13, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3285

Re: Boglehead Rules Of Thumb To Investing?

1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course Stolen from http://www.bogleheads.org/wiki/Bogleheads%C...
by harikaried
Fri Jul 11, 2014 2:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Rules Of Thumb To Investing?
Replies: 23
Views: 3307

Re: Anyone switch to non-branch banking?

We somewhat "switched" to non-branch banking when we moved to Reno. There are no Citibanks around here anymore (although we do still see old Citibank signs painted over blue). We use Fidelity for mobile check deposits, and Fidelity allows up to $25,000 as opposed to Citibank's $1000 limit,...
by harikaried
Thu Jul 03, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4413

Re: Money Mkt vs. Savings Acct.

bank interest rates were capped by Regulation Q at 5.5% for commercial banks Interesting. I looked up some info on Regulation Q, and it does seem that demand deposits accounts were not allowed to pay interest at all until 2011. It seems that Negotiable Order of Withdrawal account were created in 19...
by harikaried
Thu Jul 03, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Money Mkt vs. Savings Acct.
Replies: 9
Views: 1217

Re: Lump sum from taxable gains vs DCA from income?

you should move it all at once unless there is a tax issue involved (for example, waiting for short-term gains to become long-term Right, I was trying to quantify that waiting for the tax issue, e.g., waiting a month for 25% short-term -> 15% long-term reduces costs by 10%. But similarly, one could...
by harikaried
Thu Jul 03, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 470

Re: Lump sum from taxable gains vs DCA from income?

You should invest your emergency fund What if one doesn't have enough in the emergency fund to cover two Roth IRAs? Or if one wants to front-load 529 contributions with much more than what would be available in an emergency fund? In our specific situation, we put cash needs in a tax-advantaged acco...
by harikaried
Wed Jul 02, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 470

Lump sum from taxable gains vs DCA from income?

If one is shifting money from a taxable account to a tax-free account such as Roth or 529 while keeping the same asset allocation, at what point does one prefer selling taxable gains vs waiting for income to be deposited into a taxable account? For example, if we assume an overall asset allocation w...
by harikaried
Wed Jul 02, 2014 3:36 am
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 470

Re: Pay down (not off) mortgage?

We were in a similar situation when we knew we would be selling the house in less than a year. Paying down extra principal saved some interest payments that we got to realize when the house was sold. (Whereas typically, paying down doesn't benefit people until many years later when the rest of the d...
by harikaried
Mon Jun 30, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 5033

Re: Who do you talk with about your financial goals?

Reading a bunch of the comments seem to give me a sense of people have different concepts of financial goals, or at least there one main unspeakable goal of saving some large amount of money that shouldn't be discussed with others. But financial goals could also fall into being able to take a vacati...
by harikaried
Mon Jun 30, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9249

Re: The IPO is dying - Marc Andreessen

It seems that part of the concern is that there are fewer new public companies than before, and these would-have-been-public companies would fall into Growth, so people investing broadly or focused on Growth would be missing out. But Marc also pointed out how public companies like Google are buying ...
by harikaried
Mon Jun 30, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: The IPO is dying - Marc Andreessen
Replies: 16
Views: 1423

Re: Please help us decide where to live

We saw a nice, restored Craftsman bungalow on Martin Street , but it was about $240k with one bathroom, no garage, and too close to Virgina Ave. http://www.trulia.com/property/3037088671-103-Martin-St-Reno-NV-89509 This house looked very nice on the inside, but the houses were pretty close together...
by harikaried
Sat Jun 28, 2014 2:02 am
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 8165

Re: Please help us decide where to live

Schools don't matter except indirectly. (Anchoring home value, perhaps drawing better neighbors, etc.) Walkability is high. But so is having some space. Parks would be great, but even better would be a track. Age of house is irrelevant, as long as it's in good condition. There's houses near Idlewil...
by harikaried
Fri Jun 27, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 8165

Re: Please help us decide where to live

We recently purchased a 3bd/2ba 2000sqft house just southwest of downtown near the river for a little over $250k. We spent several days looking at home in Reno less than a month ago, and we had a very hard time finding anything nice for that price/size in that part of the city. What would you find ...
by harikaried
Fri Jun 27, 2014 5:05 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 8165

Re: Please help us decide where to live

we really like the Reno / Carson City area for its weather and proximity to Tahoe We moved from SF Bay Area to Reno for the outdoors -- plenty of skiing and biking for us, and friends here enjoy running, hiking, camping. There's plenty of sunshine here even in the wintertime where we rarely need to...
by harikaried
Thu Jun 26, 2014 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 8165

Open 5/5 HELOC to guard against ARM increases?

We're still a couple years out from our ARM/1 adjusting, so does it make sense to open a 5/5 HELOC to lock in rates for the next 5 years? If the ARM adjusts upwards from 2.625% (max increase 2% each year), we could then pay off the ARM with the HELOC fixed at 3.75%. If so, we would probably repay th...
by harikaried
Tue Jun 24, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Open 5/5 HELOC to guard against ARM increases?
Replies: 0
Views: 341

Re: Withdraw from IRA or sell taxable gains offsetting losse

No, it's because money continues to grow tax-deferred as long as it stays in tax-deferred accounts. But what if one has 30 years to prepare for opportunities of tax-free or lower tax years? My question is if it's easier to plan for 0% LTCG or 0% effective income tax. For example, if it's more likel...
by harikaried
Sat Jun 21, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw from IRA or sell taxable gains offsetting losses?
Replies: 7
Views: 573

Re: Withdraw from IRA or sell taxable gains offsetting losse

If you aren't maxing out your tax-deferred accounts, it's usually better to sell taxable accounts to max out your tax-deferred accounts Is that because selling taxable results in gains that offset carryover losses only by the size of the gains whereas withdrawing money from an inherited IRA means b...
by harikaried
Sat Jun 21, 2014 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw from IRA or sell taxable gains offsetting losses?
Replies: 7
Views: 573
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