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Re: Should I include [banked vacation days] in my net worth?

Thanks to everyone for giving me your input. I believe for now i'll just leave it in the "nice to knows" part of my spreadsheet and keep it out of my net worth. That seems to be the consensus, although I can see a few of your points on the other side as well. I also hear the point about no...
by jlq39
Sat Oct 04, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

I'd be worried that they would change the policy and it would be gone. I'm very surprised you can carry over 480 a year. At the least, carrying over more than 240 could easily go away and if an HR person in the gov't has it wrong too bad for you! Actually that would never happen ... Until it does. ...
by jlq39
Sat Oct 04, 2014 12:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

Similar situation here also... I get to carry a max. vacation amount (240 hours) I would be paid if/when I left, and I bounce back down from that each year so it builds back up to max. by next anniversary date. I also would get paid a quarter of my sick time if/when I were to leave my employment. I...
by jlq39
Sat Oct 04, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

Similar situation here also... I get to carry a max. vacation amount (240 hours) I would be paid if/when I left, and I bounce back down from that each year so it builds back up to max. by next anniversary date. I also would get paid a quarter of my sick time if/when I were to leave my employment. I...
by jlq39
Thu Oct 02, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

I'd be worried that they would change the policy and it would be gone. I'm very surprised you can carry over 480 a year. At the least, carrying over more than 240 could easily go away and if an HR person in the gov't has it wrong too bad for you! Actually that would never happen. If they make any c...
by jlq39
Thu Oct 02, 2014 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

derosa wrote:It can't be that much by the time you have to pay taxes on it to have much of an impact on your networth.


i think if it's enough to buy a decent new car, it's significant enough for me. In terms of overall net worth, no it's not much of an impact.
by jlq39
Wed Oct 01, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

I'd imagine that less than three months salary is pretty much in the rounding error category for the total scheme of things in life. True, it's a very small percentage of overall net worth, but when it's an amount that could buy a nice new car, i consider that significant in my book. If nothing els...
by jlq39
Wed Oct 01, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

Man, I so wish I had gone with a government job sometimes. I think that is darn near all the vacation that I have ever taken since I have started working. I am so jealous. :D well, there are pros and cons for sure. Benefits aren't what they use to be, but there still are some perks. We are only tal...
by jlq39
Wed Oct 01, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

Why are you computing networth and how are you going to use it? How does a yes or no answer help or hurt your ability to use it for whatever it is you are using it for? You can't sell it or spend it really. It means if you otherwise could retire at age 65 you can actually retire at age 64.75. Not a...
by jlq39
Wed Oct 01, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

Here's a tip: The gov't won't fire you if you use vacation time :D It sounds like you will be secure in retirement, so why not use and enjoy some time off now? At my local gov't job, I have a 9/80 schedule with every other Friday off. I am taking Monday 11/10 off, and will get a 5-day weekend thank...
by jlq39
Wed Oct 01, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: Should I include this in my net worth?

With 12 weeks of leave built up, I think I'd be taking more vacation and worry less about my net worth. That's just me. I don't see how this could be such a substantial amount unless you have very little savings relative to your income. I do take vacations each year, but I always start out with the...
by jlq39
Wed Oct 01, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Should I include [banked vacation days] in my net worth?

I work for a government agency that gives us a max cap of leave time that can roll over to the next year. Mine is always at or over 240 hours which rolls over to the next year. So in other words I always start out the year with 240 hours to start with. So that's always there. Now I also have what th...
by jlq39
Wed Oct 01, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I include [banked vacation days] in my net worth?
Replies: 40
Views: 2964

Re: What to do with current home if we purchase new one

Yes, the cats pose the biggest challenge for us. I think of all the options renting is probably the least one we'd choose. We are pretty debt averse, but in this particular situation, vacating the house first and moving into the new one might be the best option. That definitely frees up the old hous...
by jlq39
Mon Sep 15, 2014 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with current home if we purchase new one
Replies: 5
Views: 949

What to do with current home if we purchase new one

Hello All, My wife and I have been going back and forth on trying to decide what to do with our current home. We've lived in it for 11 years now and it's time to move on due to various reasons. These include, house doesn't fit us anymore in terms of our pets, we both HATE yardwork/maintenance of ext...
by jlq39
Sun Sep 14, 2014 2:48 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with current home if we purchase new one
Replies: 5
Views: 949

Re: Where do we go from here?

Thanks to everyone. The consensus seems to be it's ok to start the taxable account, so that's what i'll do!
by jlq39
Mon May 12, 2014 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Where do we go from here?
Replies: 7
Views: 1076

Re: Where do we go from here? [Open a taxable account?]

LadyGeek wrote:This thread is now in the Investing - Help with Personal Investments forum (portfolio help). I also retitled the thread to draw the attention of members who can help you the best.


Thank you LadyGeek!
by jlq39
Thu May 08, 2014 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do we go from here?
Replies: 7
Views: 1076

Where do we go from here?

Hello Bogleheads, My wife and I have been pondering this question. We recently paid off our mortgage so we're trying to decide what to do with a healthy amount of disposable income. We are in our mid 30's, have no debt, and a year of expenses in an emergency fund. We contribute roughly 20% of our gr...
by jlq39
Thu May 08, 2014 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do we go from here?
Replies: 7
Views: 1076

Re: Advice Request - Paying off Mortgage

If it was me, I would figure out whatever was 6 months worth of expenses and then dump every cent up to that on the mortgage tomorrow. Then i'd put all extra monthly cash toward it to knock it on out. Probably wouldn't take much time at all. That's pretty much what we did, once we only had a mortgag...
by jlq39
Wed Jan 08, 2014 3:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice Request - Paying off Mortgage
Replies: 13
Views: 1375

Re: Drowning in low-interest debt--pls help me prioritize

If you want to keep a "supposed" zero percent loan around so you can invest that money and "maybe" make a few extra percent that's the OP's decision, but it is not risk free by any means. Lose a job, become disabled, whatever the reason and see if you can pay back that 0% loan. ...
by jlq39
Wed Sep 18, 2013 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Drowning in low-interest debt--pls help me prioritize
Replies: 85
Views: 6008

Re: Drowning in low-interest debt--pls help me prioritize

I think you are forgetting a major component to any loan, and that is risk. I don't care what interest rate you have, if you fail to pay, you either go bankrupt or get repossessed. Don't you have that backwards? Isn't the lender the one taking the risk? If you declare bankruptcy, the debt is discha...
by jlq39
Wed Sep 18, 2013 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Drowning in low-interest debt--pls help me prioritize
Replies: 85
Views: 6008

Re: Drowning in low-interest debt--pls help me prioritize

bungalow10, Sorry you took it as insulting--not intended, so apologies. I actually was responding to jlq39's post, not yours--that post quoted your post. lql39's post mentioned the behavioral problem, and was not addressed to you, but to the OP, so my comment on addressing the behavioral problem ha...
by jlq39
Tue Sep 17, 2013 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drowning in low-interest debt--pls help me prioritize
Replies: 85
Views: 6008

Re: Drowning in low-interest debt--pls help me prioritize

OP - I highly recommend attacking the debt Dave Ramsey-style. After our second child was born, DH and I paid off about $110k of debt, most of it at either 0% or 3.5%. It took two years but it is AMAZING to have it gone. Most of it was from being upside-down on our primary residence and an investmen...
by jlq39
Tue Sep 17, 2013 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drowning in low-interest debt--pls help me prioritize
Replies: 85
Views: 6008

Re: Which Debt to focus on first?

Definitely the car. Then the student loan.
by jlq39
Tue Sep 10, 2013 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Debt to focus on first?
Replies: 7
Views: 587

Re: Anyone tax savy that can give me their two cents?

Hi Raybo, Sorry if I didn't make things clear enough. Basically, the non profit wants me to "donate" the ad space on a vehicle of mine. If this were a paying customer wanting me to place the ad, I would charge them $500-$1,000, but since this is a non-profit, i'm looking to help them out. ...
by jlq39
Fri Feb 08, 2013 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone tax savy that can give me their two cents?
Replies: 6
Views: 868

Anyone tax savy that can give me their two cents?

I run a small business as a sole proprietor. Its related to the marketing field. I've been asked for my business to donate a portion of ad space, which is normally valued between $500-$1,000 to a 501(c) non profit organization. My question is, while i'm going to do it regardless because I do support...
by jlq39
Fri Feb 08, 2013 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone tax savy that can give me their two cents?
Replies: 6
Views: 868

Re: Good-to-Go on Roth IRA Withdrawal for Home Purchase?

Terrible idea. Just save up the money and buy when you can afford it.
by jlq39
Thu Jan 10, 2013 2:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Good-to-Go on Roth IRA Withdrawal for Home Purchase?
Replies: 12
Views: 1055

Re: Student loan payoff: keep in cash or payoff now?

3. Retirement contribution funding order question: First, I'm putting my 6% contribution to my retirement to get the match (free money). Should my second order to be focusing on funding a Roth IRA to max? Then after Roth is maxed, go back and contribute to the max traditional IRA?? Yes! No, this do...
by jlq39
Wed Dec 19, 2012 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loan payoff: keep in cash or payoff now?
Replies: 13
Views: 1333

Re: Student loan payoff: keep in cash or payoff now?

Questions: 1. Should I pay off my loans right now with cash? The reason I have been a little hesitant is that I have lower interest rates on my loans. Or perhaps pay off the 3.625% rate first? Maybe gradually pay them off throughout 2013? Pay the minimums for a couple years? I will eventually get a ...
by jlq39
Tue Dec 18, 2012 6:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Student loan payoff: keep in cash or payoff now?
Replies: 13
Views: 1333

Re: Are we ready (enough) to buy a house?

You asked, so I will answer. Absolutely not. Under no circumstance in your situation would I buy a home. Let alone a home you can't afford. 1) Finish paying off the 40k 2) Save up 6 months worth of EF 3) Buy only when you have 20% down payment on a 15yr mortgage where the payment is 25% or less of y...
by jlq39
Thu Aug 09, 2012 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we ready (enough) to buy a house?
Replies: 29
Views: 2863

Re: Once Again A Reason to Avoid Debit Cards

I never use my debit card. In this day in age with fraud, a credit card is almost a must to protect yourself. That is, unless you want to use only cash. It's just too easy to get a charge cleared from your account on a credit card than it is on a debit card when the money is gone. Now that being sai...
by jlq39
Thu Aug 09, 2012 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Once Again A Reason to Avoid Debit Cards
Replies: 67
Views: 5177

Re: Invest in Vanguard next 30 years OR pay down loan?

JLQ39 and BDPB, Yes, I could pay off the mortgage completely or just pay down $75k and get a significantly better rate. The mortgage interest deduction and historic low mortgage rates are my two thoughts for keeping the mortgage. I don’t own any 30 year bonds paying 3.625% and I’m guessing not many...
by jlq39
Tue Jul 10, 2012 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Vanguard next 30 years OR pay down loan?
Replies: 16
Views: 1708

Re: Should I take $10K out of savings to pay student loans?

Clean up that mess, then focus on buying a home. What mess? We don't have all the facts about income or savings rate, but the OP appears to be saving quite a bit by contributing to tax-advantaged accounts while also accumualting a sizable sum in cash just 5 years out of school. Long-term debt at a ...
by jlq39
Tue Jul 10, 2012 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I take $10K out of savings to pay student loans?
Replies: 49
Views: 3017

Re: Invest in Vanguard next 30 years OR pay down loan?

My question is if you have access to $3M why on earth do you want to have a mortgage at all??? Doesn't seem to make any sense to me.
by jlq39
Tue Jul 10, 2012 2:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Vanguard next 30 years OR pay down loan?
Replies: 16
Views: 1708

Re: Should I take $10K out of savings to pay student loans?

I believe the best option is for you to pay the loan off in full and then take the $10k left over and get your emergency fund up to 6 months whatever that is. Once you are debt free, then you can start saving for a home. There is no rush to buy a home. It would be different if you could afford a hom...
by jlq39
Tue Jul 10, 2012 2:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I take $10K out of savings to pay student loans?
Replies: 49
Views: 3017

Re: Should I pay off this student loan?

ASAP!
by jlq39
Thu Jul 05, 2012 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off this student loan?
Replies: 14
Views: 1428

Re: Tell Me Why I Should Pay Off My Student Loans

because it is the smart thing to do.
by jlq39
Sun Jun 24, 2012 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me Why I Should Pay Off My Student Loans
Replies: 40
Views: 4285

Re: Investment Vehicle for 0% Car Purchase

Pay cash, move on. 0% financing is a mirage. Someone is paying and it's normally you in the form of higher price for the car. There are no free lunches. If you have the cash, then you can afford it, so pay for it. Don't play the shell game.
by jlq39
Tue Jun 12, 2012 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investment Vehicle for 0% Car Purchase
Replies: 13
Views: 999

Re: Buying a home Vs. Paying student loan debt

Pay off the student loans first, then worry about a home. Don't let all this "best time ever to buy a home" nonsense get the best of you. The best time to buy a home is when you can afford it! With that much in student loans it doesn't look like you can afford it. Whatever you are paying i...
by jlq39
Wed May 30, 2012 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home Vs. Paying student loan debt
Replies: 24
Views: 1587

Re: Should I pay off my car loan?

Absolutely pay it off without another thought.
by jlq39
Thu May 24, 2012 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my car loan?
Replies: 8
Views: 1176

Re: Would you pay off your mortgage in our situation?

Thanks for everyones response. I think we'll sit tight another couple months then reevaluate at that time. In the grand scheme of things a couple months is not a big deal.
by jlq39
Thu Mar 22, 2012 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you pay off your mortgage in our situation?
Replies: 23
Views: 2096

Re: Would you pay off your mortgage in our situation?

mephistophles wrote:I would recommend not paying off the mortgage!


What is the reasoning for your response?
by jlq39
Wed Mar 21, 2012 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you pay off your mortgage in our situation?
Replies: 23
Views: 2096

Would you pay off your mortgage in our situation?

Hello Guys and Gals, My wife and I have saved enough cash to pay off our mortgage. But doing this would pretty much deplete our emergency funds. The good news is we make a very healthy income and could build it back up to 6 months worth in literally 4-5 months. We have also always looked at our Roth...
by jlq39
Wed Mar 21, 2012 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you pay off your mortgage in our situation?
Replies: 23
Views: 2096

Re: Car Purchase: Loan versus Cash

Pay cash, be done, move on. It's that simple.
by jlq39
Tue Mar 20, 2012 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Purchase: Loan versus Cash
Replies: 26
Views: 2085

Re: Pay off Debt or buy a house

Jim127 wrote:If it was me, I would not be buying a house/condo until all the debt is paid off (including the car), a fully funded emergency account of at least 6 months of expenses, funding retirement accounts with at least 15% of salary and having a downpayment of at least 20%.


I strongly second this advice.
by jlq39
Tue Mar 13, 2012 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or buy a house
Replies: 9
Views: 654

Re: How Can I Invest In Single Family Houses?

I am looking for a passive investment, something similar to REITs. First off, rental property is not a passive investment whatsoever. Even with a property manager you are still dealing with paper work and coordination issues. Also, do you have a mortgage on your current home? If so, you'd be better...
by jlq39
Wed Mar 07, 2012 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Can I Invest In Single Family Houses?
Replies: 52
Views: 1935

Re: How do you value a pension?

A 401K is easy to value, as there is an absolute value for it, but when someone ask what is the value of your net assets, how do you place a value on a pension? I don't. When I die, that pension evaporates. I don't try to "value" Social Security either. Neither are an asset and they don't...
by jlq39
Mon Feb 20, 2012 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you value a pension?
Replies: 24
Views: 1807

Re: Paying off low interest student loans early -- a mistake

In our situation, we have two debts, our mortgage and student loan. Our mortgage is at 3.5% after tax, and our student loan is at 1.6% after tax. We owe more on our mortgage, but we are paying that off aggressively and will likely be mortgage free before the year is over. The monthly outlay for the ...
by jlq39
Thu Feb 16, 2012 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off low interest student loans early -- a mistake?
Replies: 71
Views: 13372

Re: Pay off car loan or invest

Pay it off and be done with it. I did the same thing don't regret it one bit. Interest rate really did not factor in when it comes to a depreciating asset like a car. We've been without car payments for a few years now and it's totally worth it. The next car we buy will be in cash and it feels reall...
by jlq39
Thu Feb 16, 2012 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off car loan or invest
Replies: 13
Views: 874

Re: 401k loan or student loan?

After talking with my wife this evening, she explained a lot of universities now require a three year DPT program. You can no longer just get a masters like she did. In that case I guess I would opt for the student loan if I couldn't cash flow the school. I would not take a 401k loan. Sorry about my...
by jlq39
Mon Feb 06, 2012 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k loan or student loan?
Replies: 7
Views: 594
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