Search found 466 matches

by Goal33
Sat Oct 21, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: On selling home to a child
Replies: 25
Views: 1634

Re: On selling home to a child

If I am a child I am asking myself “why do I buy this home from my parents at full market value when they’d have to pay a 4.5-6% commission to sell it to a stranger?”
by Goal33
Sun Oct 01, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: New mortgage, should I refinance .
Replies: 17
Views: 1426

Re: New mortgage, should I refinance .

Yes you should refi unless your current mortgage company wants to lower your rate without a refi.
by Goal33
Sun Oct 01, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5326

Re: Would you take a pay cut to work from home?

No, I would not. But I also paid 600k for a place instead of 500k to cut my commute from 30 minutes to 10 minutes. This is a perfect example of the trade offs you have in life. I think that you are making a lot of negative trade offs for small upside. Career risk, compenstation cut... etc. I’d see i...
by Goal33
Sun Oct 01, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1948

Re: Moving from one paid-for house to another

Lots of the supposedly very best schools in high end suburbs, where the top end G&T tracked kids do very well, are mostly filled with lower tracked spoiled, bored to death, drugged out or alcohol abusing kids - so be very careful what you wish for. What's G&T? Gifted and talented Edit: Gin and tonic
by Goal33
Sun Oct 01, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1948

Re: Moving from one paid-for house to another

You sell your house first and negotiate a rent-back from the buyer for while you're looking for the new place. I disagree if the property you are selling is as hot as described, Then find the house your wife wants first so there is no pressure to hurry up. Put in a good offer on property B continge...
by Goal33
Sun Oct 01, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1948

Re: Moving from one paid-for house to another

You sell your house first and negotiate a rent-back from the buyer for while you're looking for the new place. I disagree if the property you are selling is as hot as described, Then find the house your wife wants first so there is no pressure to hurry up. Put in a good offer on property B continge...
by Goal33
Sat Sep 30, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1948

Re: Moving from one paid-for house to another

You sell your house first and negotiate a rent-back from the buyer for while you're looking for the new place.
by Goal33
Tue Sep 26, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Recasting right after home purchase
Replies: 6
Views: 859

Re: Recasting right after home purchase

Or ask the sellers of the new home if they’ll let you close on Friday afternoon instead of Tuesday. Say you’ll throw in an extra 500 bucks. And then you’ll have what you need to make the right downpayment upfront.
by Goal33
Fri Sep 22, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2336

Re: Large Mortgage

If you are 500k per year income rich... Having a high income is not the same thing as being rich. There are many high income people who are far from rich because they spend as much as they make, or more, and they have lots of debt. I assume you are agreeing with me then since I was trying to establ...
by Goal33
Thu Sep 21, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2336

Re: Large Mortgage

I'd pay cash. Just kidding. The answer depends on other factors... income, stability of income, current net worth, other expenses, where you are in your life, do you plan on staying for life... etc If you are rich rich rich and this is like a small expense in the grand scheme of your financial pictu...
by Goal33
Wed Sep 20, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24301

Re: I won the Lottery. Need sound advice.

My advise is to pay off all debt including the mortgage. Fire your financial advisor and then come back here for advise with your updated situation.
by Goal33
Tue Sep 19, 2017 12:07 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9052

Re: Bogleheads you would most like to meet and why?

livesoft because he cracks jokes and I think it would be fun to hear his stories.
by Goal33
Sun Sep 17, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Keep Stock Investing or Buy Rental Home
Replies: 4
Views: 754

Re: Keep Stock Investing or Buy Rental Home

You're asking on the wrong forum unless you want us to tell you not to buy rental property.
by Goal33
Sat Sep 09, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47379

Re: Equifax customer information leak

I had my entire team confirm, and 100% of my 8 person sample size was impacted according to their website.
by Goal33
Wed Sep 06, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5561

Re: What is the main purpose of holding your current job?

I like my job but I expect to be paid competitively. Don't really fit any of the options listed.
by Goal33
Tue Sep 05, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 4900

Re: how often does high ACT score == scholarship?

I had better stats and got nothing
by Goal33
Mon Sep 04, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 4077

Re: repairman broke washing machine, what would you do?

I bought my Maytag washer 34 yrs ago and never had a problem. I can't remember ever changing the hoses. Its in a garage so no damage will occur if it leaks. Water is costly though:( Water is costly and I'm assuming your machine uses at least double the water over a modern machine. You're probably l...
by Goal33
Mon Sep 04, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for Citi Double Cash, but no record of application?
Replies: 18
Views: 2059

Re: Denied for Citi Double Cash, but no record of application?

If you have an existing card at Citi bank that you don't use, just do a product conversion.
by Goal33
Sun Sep 03, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3680

Re: Things to buy/repair before (early) retirement

might even consider a loan that you pay off early when in a lower tax bracket. Very simple advise that is worth a ton of money. I've seen people make this mistake over and over. My grandma insisted on having a paid off house before she retired in December. I begged her not to take the money from he...
by Goal33
Sun Sep 03, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3680

Re: Things to buy/repair before (early) retirement

might even consider a loan that you pay off early when in a lower tax bracket. Very simple advise that is worth a ton of money. I've seen people make this mistake over and over. My grandma insisted on having a paid off house before she retired in December. I begged her not to take the money from he...
by Goal33
Sat Sep 02, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Do you reinvest your dividends/capital gains?
Replies: 76
Views: 9179

Re: Do you reinvest your dividends/capital gains?

oldzey wrote:
Sat Sep 02, 2017 3:38 pm
Here's what I do:

Tax-advantaged (Roth IRA): reinvest dividends/capital gains

Tax-deferred (403b): reinvest dividends/capital gains

Taxable (brokerage): dividends/capital gains sent to checking account
Same here
by Goal33
Sat Sep 02, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 4077

Re: repairman broke washing machine, what would you do?

Time to rip the bandaid and buy a new one or deal with frustration and get nowhere with the repair company. Alternatively since there's nothing to lose, take it apart yourself and see if it's something obvious.
by Goal33
Sat Sep 02, 2017 12:49 am
Forum: Investing - Help with Personal Investments
Topic: How can I take advantage of a low-income year?
Replies: 23
Views: 1996

Re: How can I take advantage of a low-income year?

If you need to spend the money in your taxable account sometime over the next few years, then tax gain harvest. Otherwise follow advise above on converting to a Roth
by Goal33
Tue Aug 29, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Help
Replies: 7
Views: 405

Re: Refinance Help

You must have some cash.... see what it appraises for and get it down to 80% L2V, do a 15 year fixed and never touch it again. You'll be paid off by 51.
by Goal33
Sun Aug 27, 2017 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis question
Replies: 4
Views: 530

Re: Cost basis question

Did you sell already? You can just have them update your current holdings. I don't know the answer if you've already sold.
by Goal33
Sat Aug 26, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: suggestion on buying our first home
Replies: 31
Views: 2531

Re: suggestion on buying our first home

You can afford it. Do you know the area well enough though?
by Goal33
Fri Aug 25, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: Vacation home, and renting it out
Replies: 9
Views: 864

Re: Vacation home, and renting it out

I think about it everytime I go on a nice vacation but then I also think it's nice to have money in my vanguard brokerage account too and just pay for an Airbnb and leave when I'm done.
by Goal33
Thu Aug 24, 2017 1:19 am
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 31494

Re: What to do when a parent's money runs out?

nice of you to give 500 a month and some gifts occasionally. Since you're not getting an inheritance anyway tell her to put it on a credit card.
by Goal33
Wed Aug 23, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying property in France
Replies: 27
Views: 2426

Re: Buying property in France

Tell them you will "help" by paying them rent when you vacation there.
by Goal33
Wed Aug 23, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Parking cash for a home
Replies: 7
Views: 774

Re: Parking cash for a home

Ally will give you a 1.5% 11 month no penalty CD... I'd just park it there. Though you might need 2-3 of those options at different banks to stay under FDIC limits... I am not aware of those rules.
by Goal33
Wed Aug 23, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3002

Re: Would you hire an obese nanny?

I personally wouldn't hire her if I had your concerns.
by Goal33
Wed Aug 23, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3002

Re: Would you hire an obese nanny?

I personally wouldn't hire her if I had your concerns.
by Goal33
Wed Aug 23, 2017 12:16 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 60
Views: 7201

Re: Lowes vs Home Depot

Both are very close to me. I go to Home Depot when I need something I think might be slightly more unique. Random screw of a certain size, random plumbing fitting... basically when I need to fix something. I go to Lowes when I want to evaluate the products available for something I'm trying to accom...
by Goal33
Tue Aug 22, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Financing new home purchase
Replies: 17
Views: 1202

Re: Financing new home purchase

Without numbers I am going to assume the new home is cheaper than the old home so I would recommend you just cash out refi and buy the new home in cash.
by Goal33
Tue Aug 22, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7394

Re: School Redistricting - What should we do?

Wow that sucks. Unfortunately you need to wait it out for now.
by Goal33
Mon Aug 21, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: which mortgage to take?
Replies: 8
Views: 460

Re: which mortgage to take?

You should probably find a 30 year fixed at less than 4%
by Goal33
Mon Aug 21, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How to Pay Grad School Loans
Replies: 8
Views: 867

Re: How to Pay Grad School Loans

If I read your post correctly, you need 22k and have 12k. (Not sure I understand how you're not paying living expenses, so lucky you). Given this information I'd recommend that you pay the first semester cash and for the remaining 10k shortfall take a credit card loan with 1% balance transfer. An MB...
by Goal33
Sun Aug 20, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of Having No Credit Score
Replies: 42
Views: 3096

Re: Advantages of Having No Credit Score

Tbh I feel that it is your bad for being unrealistic. Maybe having no credit score doesn't actually reflect your ability to pay back a mortgage in your specific case but you should be aware that you are not a cash buyer for your home and you'll need to jump hoops to get what you want. Amazed they ul...
by Goal33
Sun Aug 20, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging on withdrawals?
Replies: 16
Views: 1369

Re: Dollar cost averaging on withdrawals?

I had a similar problem but couldn't save as fast as you. It cost me a lot in taxes. In your situation I'd just save up the 5k a month as you planned and cover any shortfall with a margin loan or 401k loan (or both) which you seem to have the ability to pay off fast. Few reasons for my thinking: 1) ...
by Goal33
Sun Aug 20, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our Home to Mother-in-law?
Replies: 22
Views: 1555

Re: Should we sell our Home to Mother-in-law?

I would not give my MIL 90k
by Goal33
Sat Aug 19, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: My 2.5% IRA CD -- no early withdrawal penalty, really??
Replies: 1
Views: 601

Re: My 2.5% IRA CD -- no early withdrawal penalty, really??

You're right to be skeptical. Don't cash it out until you see that policy in writing...
by Goal33
Sat Aug 19, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 78
Views: 7411

Re: Japanese Bubble Burst 1989

Your typical investor doesn't put their entire lifetime of portfolio investments in on one day. I don't think a Japanese boglehead would have done too poorly if they started their career around the peak and still have a few working years left with something like a 40/40/20 Japanese stocks/world stoc...
by Goal33
Sat Aug 19, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Cash out refi for exterior home remodel?
Replies: 3
Views: 279

Re: Cash out refi for exterior home remodel?

Your current rate is so good that it would be a shame to refinance out of it... my vote is just to do it in phases.

Driveway, landscaping last.
by Goal33
Fri Aug 18, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or taxable account
Replies: 28
Views: 2587

Re: Pay off mortgage or taxable account

I'd do #2 but not for the reasons you would. I would want the liquidity in an event of emergency. Also, don't buy a rental house.
by Goal33
Fri Aug 18, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16058

Re: Jobs that pay over $100,000

I studied Computer Engineering which is basically studying Computer Science & Electrical Engineering.

The Computer Science portion got me a job paying around 120k day 1 out of college at age 22 in 2014.
by Goal33
Fri Aug 18, 2017 12:26 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 4724

Re: Powerball - $510 million?

I am regret adverse, so I threw in 40 bucks along with 19 other people at work.
by Goal33
Mon Aug 14, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3732

Re: What % of income to buy a car is not excessive?

I am pretty sure this topic has been beaten to death but..... What are some of you guys' thoughts on % of income that you can spend on a car? Let's assume based on post-tax take home income. The answer is that it depends. Many factors. My car was 3.3% of my annual income and my fiancées car was 48%...
by Goal33
Sun Aug 13, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1508

Re: Create a Mortgage Payoff Fund or Not?

I'd do option 3 which is pay off the whole thing now and open a line of credit for the emergency which will probably never happen.
by Goal33
Sat Aug 12, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 839

Re: Personal mortgage loan

My feeling is that if you need to be formal about loaning your son 60k, you can't afford the loan.