Search found 52 matches

by zmcpherson
Thu May 14, 2015 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Re: Taking out a HELOC for a rental...

Uncle Pennybags wrote:I know of owners who put four beads in a room and rent them out for eight hours, three shifts a day.


Scary thought for future generations....
by zmcpherson
Thu May 14, 2015 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Re: Taking out a HELOC for a rental...

Thank you Moshe, that was pretty helpful. In your calculation though, would i have to also include the interest on the loan? Though it is tax deductible, I would still have to pay the total loan amount (around 125k I think). I am supposed to get more information from the bank today @John - This is a...
by zmcpherson
Wed May 13, 2015 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Re: Taking out a HELOC for a rental...

Im guessing it would take $70-75k or so to do it "right" and about 8 months of building 70k at 6% (high end) over 20 years is $500 a month loan Assuming on the low end of $1000 for rent (and for the sake of ease) Y0 - ($2000) Y1 - $6000 Y2 - $6000 By year 2 or 3 rent should raise, but the ...
by zmcpherson
Wed May 13, 2015 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Re: Taking out a HELOC for a rental...

@cadreamer2015 - It is, that was the first thing I checked. I just need to keep some portion of it.

Thanks
by zmcpherson
Wed May 13, 2015 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Re: Taking out a HELOC for a rental...

Sorry I think I was using the term HELOC incorrectly. I meant to refer to a Home Equity Loan and not a line of Credit. I was looking more into the fixed rates and not the variable rates. The garage is not convertabile, its more of a 1930's run down shack at the moment. Honeslty, Im am not sure what ...
by zmcpherson
Wed May 13, 2015 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a HELOC for a rental...
Replies: 16
Views: 1107

Taking out a HELOC for a rental...

I bought a house last year for 417k and I just had it appraised for 640k - my mortgage payment is $2,300 at 3.675% Currently I have 3 rooms rented out to friends for an addtional $1,400 plus utils a month in income, leaving me to pay the last $900. I have a detached garage that would be perfect to c...
by zmcpherson
Thu Mar 12, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance...
Replies: 6
Views: 456

Re: Term Life Insurance...

Marriage is more than likely in the cards at some point or another - kids probably not though. It's tough to speak for the next 30 years (or even the next 10). I was just checking to see if now was the best/cheapest time to jump on a plan? If $700 a year is better than getting a 20 year at age 40 fo...
by zmcpherson
Thu Mar 12, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance...
Replies: 6
Views: 456

Re: Term Life Insurance...

I'm a software developer, so as long as I have some sight and at least one finger, I should be alright.

What are normal disability clauses that I should be looking for?
by zmcpherson
Thu Mar 12, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance...
Replies: 6
Views: 456

Term Life Insurance...

Hey guys I would like to get some advice on Term Life Insurance and I figured you guys would be the best for it. I just turned 30 and bought a house (~415k left on the mortgage). No kids, No Wife, Non-Smoker, Excellent shape. If I go, I would like to be able to leave my beneficiaries (whoever they m...
by zmcpherson
Fri Feb 27, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help with subletting....
Replies: 7
Views: 578

Re: Tax help with subletting....

My plan was to treat it as repair - I have a letter from the contractor and the bank appraiser saying the house was unlivable (and at the very least, certainly non-rentable). That's funny about the renter's credits lol - I live in WA Not sure what my plan with the property is. Currently I am going t...
by zmcpherson
Fri Feb 27, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help with subletting....
Replies: 7
Views: 578

Re: Tax help with subletting....

I came across this article explaining passive loss vs active loss. http://www.nolo.com/legal-encyclopedia/can-you-deduct-your-rental-losses.html than read this from the IRS website - http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Passive-Activity-Loss-ATG-Chapter-2-Rental-Losses ...
by zmcpherson
Thu Feb 26, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help with subletting....
Replies: 7
Views: 578

Tax help with subletting....

Hey guys, I just became a proud homeowner in the later months of 2014 and I need some help/advice on how to move forward with my taxes. The house was a complete dump and I ended up having to put about 60k into it in 2014 and another 60k or so currently in 2015. Now knowing that, I had two friends mo...
by zmcpherson
Thu May 29, 2014 5:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Chapter?
Replies: 109
Views: 16318

Seattle Chapter?

Hey I noticed that the Seattle chapter has a dead email

Chapter 8 - Seattle
Contact Tyrone (boglety@yahoo.com)

Would anyone be opposed if I started a meetup group for Seattle that met once a month?

Thanks.
by zmcpherson
Mon Aug 05, 2013 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a house vs investing?
Replies: 26
Views: 3111

Re: Buying a house vs investing?

FHA is actually FAR worse then you are sharing here since the rule change: http://www.fha.com/fha_requirements_mortgage_insurance You absolutely WILL have to pay PMI regardless of downpayment. And with a 3% downpayment your PMI will be 135 basis points. That is ASTRONOMICAL. "On or after 4/1/2...
by zmcpherson
Mon Aug 05, 2013 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a house vs investing?
Replies: 26
Views: 3111

Re: Buying a house vs investing?

With FHA you still have to pay PMI with a 3% down payment. That will increase your effective interest rate quite a bit (apprximately $300/month on 300K). You will pay this until you have paid off at least another 17% of the balance of your mortgage, which would be in month 100 assuming no large hom...
by zmcpherson
Fri Aug 02, 2013 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Buying a house vs investing?
Replies: 26
Views: 3111

Re: Buying a house vs investing?

Im actually trying to purchase a home at the end of my lease (3rd quarter 2014), so I have been dealing with these same questions. Next year Ill be 29, first time home buyer, with 100k in salary, and here is what I am leaning towards. Im not sure if you have looked into 203b loans yet from the FHA,...
by zmcpherson
Thu Aug 01, 2013 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 8
Views: 520

Re: Portfolio help

Do not pay of the car loan early, its lower than the rate of inflation, you will actually save money by carrying the loan for the entire life of the loan. At the same time, you definitely do not need 14 months worth of expenses as a single 26 year old with no family and a new car - 6 months is usual...
by zmcpherson
Thu Aug 01, 2013 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a house vs investing?
Replies: 26
Views: 3111

Re: Buying a house vs investing?

Im actually trying to purchase a home at the end of my lease (3rd quarter 2014), so I have been dealing with these same questions. Next year Ill be 29, first time home buyer, with 100k in salary, and here is what I am leaning towards. Im not sure if you have looked into 203b loans yet from the FHA, ...
by zmcpherson
Wed Jul 31, 2013 12:49 pm
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3888

Re: Interesting Debt Theory...

Depends on how much the matching is. It may outweigh the CC interest. After running multiple models with ranging returns 5-10%, also changing the credit card financing charges (anywhere from 15-20%), 401k matching has the largest impact. It looks like it is always better to get the 401k matching be...
by zmcpherson
Tue Jul 30, 2013 6:36 pm
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3888

Re: Interesting Debt Theory...

This thinking may also cause something much more dangerous; having credit card debt as a "normal" feeling. Nooo!! Ive always hated "The Psychology of Debt" argument (I knew someone would bring it up). With money, finances, and anything else that has concrete numbers, we have the...
by zmcpherson
Tue Jul 30, 2013 6:11 pm
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3888

Re: Interesting Debt Theory...

This is really just a math problem. By paying off the high interest rate debt sooner, you pay less interest, meaning you have more money that can compound over the 35 year period. So your friend should payoff the high interest debt. Here is a link to the math. https://docs.google.com/spreadsheet/cc...
by zmcpherson
Tue Jul 30, 2013 5:17 pm
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3888

Re: Interesting Debt Theory...

I was trying to find any articles I could to support the position, and this one touches on it: http://www.nbcnews.com/technology/when-30k-worth-more-90k-when-you-save-retirement-your-6C10111142
by zmcpherson
Tue Jul 30, 2013 5:06 pm
Forum: Investing - Theory, News & General
Topic: Interesting Debt Theory...
Replies: 48
Views: 3888

Interesting Debt Theory...

A few friends and I were discussing what another friend should do with his newly acquired $15k. For the most part we agreed that he should pay off his credit cards (2k@18-20%), car (8k@8%), and then put the rest into his company 401k up to matching and then into an IRA with whatever is left over. Su...
by zmcpherson
Tue Jul 30, 2013 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Esurance?
Replies: 17
Views: 2234

Re: Esurance?

Yeah, everything is the exact same. Almost 100% more just seems like an insane price difference.
by zmcpherson
Tue Jul 30, 2013 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Esurance?
Replies: 17
Views: 2234

Esurance?

Does anyone here use Esurance for their automobile? Ive had progressive for 6ish years but I just did some price shopping and Esurance would drop my rate from $800 to $420 per 6 months for the exact same coverage. It seems like a no brain-er, but I suppose there always has to be a catch (though Esur...
by zmcpherson
Fri Feb 08, 2013 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)'s
Replies: 2
Views: 256

Re: 501(c)7

sorry I should of been more specific its a 501(c)7
by zmcpherson
Fri Feb 08, 2013 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)'s
Replies: 2
Views: 256

501(c)'s

I have a few questions regarding a 501(c)'s, more specifically, how to structure one and how to compensate for one. 3 friends and I want to start a non profit, so 4 people total. I can't seem to figure out how to split up Executive Director, board members, and FTE's. I was reading on 501c3.org's web...
by zmcpherson
Wed Feb 06, 2013 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 3100

Re: Help a 22 y/o invest an inheritance

+1 to Meg77

I Agree with every word of it.

89.5/10.5 would give you a perfectly fine ratio for this year, then next year you can move to 84/16 by simply adding another $5500 to the IRA account come Jan 1st.
by zmcpherson
Fri Nov 23, 2012 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA right for me?
Replies: 9
Views: 741

Re: HSA right for me?

Thanks guys I really do appreciate the help. That breakdown was exactly what I couldn't figure out.

Are there any HSA custodians that let you invest in Vanguard MF's? and what are some HSA custodians that you guys are using?
by zmcpherson
Wed Nov 21, 2012 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: HSA right for me?
Replies: 9
Views: 741

Re: HSA right for me?

Sorry I suppose I should of listed that Premium frequency is monthly (btw, thank you guys for the quick responses) Actually going back and doing the calculations - annually, the standard is $611.52 more, and the Premium is $1,398.28 more than the HD/HSA. I'm still trying to get a hold of the HR pers...
by zmcpherson
Wed Nov 21, 2012 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: HSA right for me?
Replies: 9
Views: 741

HSA right for me?

Hey guys I need to resign up for benefits this year and my employer just started offering a HD/HSA and I want to know if in my situation it makes sense and if there is a deductible/Max that makes that HSA not worth it. Im been looking through all the board posts and it sounds like HSA's are highly f...
by zmcpherson
Wed Sep 05, 2012 11:39 am
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1101

Re: 401k choices...

75/25 would definately be more appropriate for your age, in my opinion. Especially in today's low interest rate environment for bonds. You've got ~38 years to retirement, the market will go up and down, all the while you will keep contributing and are years away from making withdrawls. At what age ...
by zmcpherson
Wed Sep 05, 2012 11:26 am
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1101

Re: 401k choices...

Sorry about the delayed response, labor day weekend. @ ljwobker No dice on the self directed plan and this company is probably too large to start switching things around. @ Duckie Alright, I will just go 70/30 in the 401k for now, and then when I hit these target numbers I will switch them over to t...
by zmcpherson
Fri Aug 31, 2012 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1101

Re: 401k choices...

zmcpherson, given your 401k choices I would use: (SPIAX) Invesco S&P 500 Index Fund A Shares (0.61%) (FEPAX) Fidelity Advisor Total Bond Fund A Shares (0.84%) Nice, I was right for a change. Once your 401k gets around $15K I would swap the Vanguard 2025 Fund in your Roth IRA to the following: (...
by zmcpherson
Fri Aug 31, 2012 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1101

Re: 401k choices...

haha sorry, I suppose I assumed that you all knew the ER's by heart : P Large Cap BLKRK BASIC VALUE A - .84 INVS S&P 500 INDEX A - .61 MFS MA INV GRTH R3 - .81 Mid-Cap NUVEEN MDCP INDEX A - .93 PRU/J MID CAP GR A - 1.09 VICTORY ESTB VALUE A - 1.08 Small Cap HEARTLAND VAL PLS IV - 1.16 JANUS TRIT...
by zmcpherson
Fri Aug 31, 2012 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: 401k choices...
Replies: 10
Views: 1101

401k choices...

Hello again! Everything with my IRA is going swimmingly, thank you guys again for your help in steering me in the right direction. My new question has to do with my 401k. The new company i started with is offering me a limited selection of mutual fund choices and my gut is to just follow my IRA sele...
by zmcpherson
Mon Apr 23, 2012 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

lol sorry, I didnt mean to throw up another tricky question on an already seemingly solved thread, I just had the question in fresh in my mind. Completely ignore the question above and ill discuss taxable investments with my accountant a few years down the road when I get 20k into my IRA and build u...
by zmcpherson
Mon Apr 23, 2012 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

I know you have to have 10k in each fund. My question was, whether it would be better to keep contributing to one of the long term retirement funds until I can afford to go straight to admiral shares in all the funds (or even just one of the funds) as the long term retirement funds have lower ER's t...
by zmcpherson
Mon Apr 23, 2012 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

The admiral shares have low ER's... Wouldnt it make more sense just to keep investing everything into either VASGX, VTHRX, or VTTVX at an er of .18 until I hit 30k (as the asset distribution is roughly equal), and from there allocate 10k into total stock admiral, intentional stock admiral, and total...
by zmcpherson
Sat Apr 21, 2012 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

Thanks for the explanations, that cleared up my question : )

Would anyone else recommend pingo's suggesting of 100% in Vanguard Target Retirement 2030 Fund (VTHRX) or Vanguard LifeStrategy Growth Fund (VASGX)?
by zmcpherson
Fri Apr 20, 2012 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

lol I would love to recap my 4 day progression with you guys... day 1: 100% JGMIX or 50% JGMIX and 50% PJP day 2: 50% VTSMX 25% JGMIX and 25% RYVYX day 3: Plan 1 - 75-80% VISGX and 20-25% VBMFX Plan 2 - VTSMX %40, VBMFX 30%, and VISGX 30% and turn it into VTSMX %55, VBMFX 30%, VISGX 15% day 4: 70% V...
by zmcpherson
Fri Apr 20, 2012 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

I see what you guys are saying about the names now, but to be honest, a few days ago the ticker abbreviations made more sense as I didnt know the terminology behind the abbreviations. Total stock market, small growth, small caps, international market, total bond market, etc. were all pretty lost on ...
by zmcpherson
Fri Apr 20, 2012 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

haha I realize that I have a ways to go... I just appreciate the "we" attitude on this forum :wink: Alright... VBMFX, VTSMX, and VGISX are all 3k min to start, I currently have 10k into the account What if I did VTSMX %40, VBMFX 30%, and VGISX 30% to start out with, save up my emergency fu...
by zmcpherson
Thu Apr 19, 2012 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

lol pingo you crack me up, I just read this
You're taking important steps, but we still have a ways to go.
: P
by zmcpherson
Thu Apr 19, 2012 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

this forum is incredible, I took a half an hour to eat a sandwich and got 5-6 replies back : P The mutual fund RYVYX was primarily used for an example as something risky, I understand that many funds like this are pretty much considered betting, I was just curious if anyone else, like pingo, had a f...
by zmcpherson
Thu Apr 19, 2012 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

Wow, thank you for pointing that out, its uncanny how similar they are. I swear I looked at that fund (I even made mention of it), for some reason I guess I just missed that. When you point that out it makes no sense to put anything into JGMIX. Wow, again. If no one minds me asking... What ratios in...
by zmcpherson
Thu Apr 19, 2012 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

This could be fun. I'll play. 1. They are a 5 star morningstar company 2. Janus has a fairly low turnover at 42%. 3. They have a 1 star for risk and a 4-5 star on return depending on which site you consult. 4. They have 21% assets in the top 10 holdings 5. They are 95% stock in 86ish holdings which ...
by zmcpherson
Thu Apr 19, 2012 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

$350 a week, im putting 21.5% a month into savings : P

Ill look into switching over to vangaurd tomorrow, the VGSTX looks interesting.
by zmcpherson
Wed Apr 18, 2012 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

Does vanguard charge IRA fee's? .... such as opening an account, maintaining an account, depositing money, and buying mutual funds other then Vanguard's?
by zmcpherson
Wed Apr 18, 2012 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 5097

Re: Soooo new and sooo lost...

Wow, the response on this site is incredible. I had no idea this forum was so active. I do not currently have a savings emergency fund yet, I suppose I will put my extra cash towards that this year, great call. I took a look at VTSMX, VGTSX, and VBMFX and it looks like none of them come that close t...

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