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by miamivice
Mon Apr 27, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 4951

Feel like I made a mistake with buying a house: appreciation

I bought a house 2.5 years ago that has appreciated by 12%. Another person I know bought a house 3 years ago that has appreciated by 120%. This person bought in a different area that is a red hot housing market. My area is not. We are both in the same metropolitian area. I'm feeling a bit bad about ...
by miamivice
Sat Apr 04, 2015 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buy more expensive house to improve financial situation?
Replies: 37
Views: 4926

Buy more expensive house to improve financial situation?

I currently live in a $600,000 house with a $460,000 loan. The house appreciate over the last two years has been about $60,000. In my area, this is about half of what I could have compared to living in a different (more premium) location in the metropolitian region. I have $450,000 in non-retirement...
by miamivice
Fri Apr 11, 2014 4:24 am
Forum: Personal Finance (Not Investing)
Topic: Determining spending allowance for myself
Replies: 6
Views: 564

Re: Determining spending allowance for myself

Yes, the $400k is above and beyond both college savings and retirement. I consider both retirement and college savings to be "fully funded."
by miamivice
Fri Apr 11, 2014 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Determining spending allowance for myself
Replies: 6
Views: 564

Determining spending allowance for myself

I have a large sum of money - about $400,000 - sitting in a investment funds that I have no intended purpose for. We are finished with college savings for our children, we have no debt, and our retirement is solid. We own a house and are making monthly payments on at a rate of 3.25%, so I'm not moti...
by miamivice
Wed Mar 05, 2014 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rollover to a Roth IRA?
Replies: 4
Views: 290

Does it make sense to rollover to a Roth IRA?

I have about $375,000 in retirement assets. 21 years from retirement if I retire at 55, 31 years if I retire at 65. About $200,000 are in pre-tax accounts, i.e., 401(k) and Roth IRA About $175,000 are in after-tax accounts, i.e., Roth IRA I have an option to roll $50,000 of pre-tax money into a Roth...
by miamivice
Mon Dec 30, 2013 11:14 am
Forum: Personal Finance (Not Investing)
Topic: $400,000 at age 35 - should I start spending more?
Replies: 28
Views: 4715

Re: $400,000 at age 35 - should I start spending more?

My mortgage balance is $450,000. It's tempting to pay it off, but I pay 3.25% interest (about 2.5% after tax advantages due to mortgage deducation), and I figure I'll do at least that well investing for the long term in the stock market. The $400,000 in non-retirement could be used for retirement, b...
by miamivice
Mon Dec 30, 2013 7:19 am
Forum: Personal Finance (Not Investing)
Topic: $400,000 at age 35 - should I start spending more?
Replies: 28
Views: 4715

$400,000 at age 35 - should I start spending more?

I recently conducted a year end review of my financial status. It looks like I have $400,000 in non-retirement/non-housing assets. Other assets include $350,000 in retirement, $150,000 in home equity, and $100,000 in college savings. I'm 35. I'm having a hard time grasping what I'll do with the $400...
by miamivice
Tue Jun 11, 2013 11:48 am
Forum: Investing - Help with Personal Investments
Topic: How to invest $100,000
Replies: 3
Views: 1107

How to invest $100,000

I have $100,000 to invest. I'd like to hear that you'd go about investing this sum of money. It's money I've had for a long time, set aside for a particular purpose, and turned out didn't need it for that purpose. I'd like to invest it and help it grow because it is not earning interest as cash righ...

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