Search found 996 matches

by Leemiller
Mon Jun 18, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 90
Views: 7098

Re: how to make friends in new location?

I agree with 2015 and especially about Victoria. I too am more careful about who I spend my time, part of this is due to working full time with kids, but partially I realized recently that I wasn’t seeing enough of my closest friends but too much of people who made interaction easy. I’m interested i...
by Leemiller
Mon Jun 18, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: African Safari: Worth it or Hype?
Replies: 57
Views: 4454

Re: African Safari: Worth it or Hype?

We did a private safari in Tanzania. Worth it. Also, it was great to have a private tour so everything was on our terms. If we wanted to stop and just watch a cheetah family for two hours while we had lunch, we did. We passed by one tour bus with someone getting sick over the side on our way to see ...
by Leemiller
Sat Jun 16, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6637

Re: can we afford to spend $20K on travel annually

There are some great travel options in that price range both in terms of accommodations and experiences. Unfortunately, unlike others on this thread I could easily spend that and even have a wish list of places to go. We did one last year at a lucky discount, and I loved it. We did a private safari ...
by Leemiller
Thu Jun 14, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 47
Views: 5414

Re: 47 and clueless - direction needed

You are in a low tax bracket and you don’t get a 401k match so I’d open a Roth and focus on fully funding it each year. That’s 5,500 a year. You can also use it as an emergency fund if needed. Have you checked your expected social security benefit? You don’t have a ton saved, but your living expense...
by Leemiller
Thu Jun 14, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3568

Re: Non-alcoholic drinks for wedding

Iced tea. The only people I know who drink mocktails are my kids when we are at a resort. Too sugary.
by Leemiller
Sun Jun 10, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3455

Re: How much to spend on daycare?

Costs are going to be significant any way you look at it. One thing to consider, in any daycare environment, the kids are going to get sick... a lot, off and on year round. I would suggest that you go with the in-home nanny at least until age 2 to avoid some of this. It will also be more convenient...
by Leemiller
Fri Jun 08, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3455

Re: How much to spend on daycare?

Costs are going to be significant any way you look at it. One thing to consider, in any daycare environment, the kids are going to get sick... a lot, off and on year round. I would suggest that you go with the in-home nanny at least until age 2 to avoid some of this. It will also be more convenient...
by Leemiller
Fri Jun 08, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3455

Re: How much to spend on daycare?

Option C, private nanny for individualized care. When the baby is that young, she isn’t socializing with other kids and will be stuck on a schedule. We went the private nanny route with both kids and then put them in a nice daycare later when they were old enough to really play with other kids. But ...
by Leemiller
Sat Jun 02, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

Difference between the few who have fashion sense and look sharp and the majority is very noticeable and I think for the most part serves them well. A happy moment as parent of a teenage daughter was when my daughter commented that I dress better than most dads at her school. That said, many seem n...
by Leemiller
Sat Jun 02, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Grandparent-Owned 529's a bad idea?
Replies: 27
Views: 2911

Re: Grandparent-Owned 529's a bad idea?

Grandparents' owned 529s are accessible by Medicaid should they ever need it, may get drained quickly by Long Term Care. Wow thanks for pointing this out. Personally, as a parent I don’t rely on funds not under my control. We have a grandparent funded 529 that I ignore for college planning purposes...
by Leemiller
Thu May 31, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Should I shift bond allocation from F Fund to G Fund?
Replies: 15
Views: 1061

Re: Should I shift bond allocation from F Fund to G Fund?

I’ve never seen the appeal of the F fund in comparison to the G, so I only own the G fund. But my G fund allocation is to stabilize returns and lower volitility, not to try to eek out more returns via a bond fund.
by Leemiller
Thu May 31, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Should I shift bond allocation from F Fund to G Fund?
Replies: 15
Views: 1061

Re: Should I shift bond allocation from F Fund to G Fund?

I’ve never seen the appeal of the F fund in comparison to the G, so I only own the G fund. But my G fund allocation is to stabilize returns and lower volitility, not to try to eek out more returns via a bond fund.
by Leemiller
Tue May 29, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: 529 Dilemma
Replies: 16
Views: 1685

Re: 529 Dilemma

From a parent’s point of view, I only count 529 money directly under my control for my kid’s education. When I was young, I had two close family members promise funds for school neither of which happened. So I would say just gift the money to the parents for the purpose of putting in the grandkids’ ...
by Leemiller
Sun May 27, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5047

Re: Buy an old farmhouse?

Even some of the posters telling you to do this acknowledge how much time it takes to upkeep a property - two options you learn and do it yourself or pay someone to do it for you. We have a 1950s home and renovating it cost alot more time & money than we thought it would. For reasons that include cu...
by Leemiller
Sun May 27, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5039

Re: work one more year or attend law school

So I am accepted to law schools in the top 5 already. I have not asked about deferring yet as I am undecided. I have acceptances in the T14, T10, etc however I think I want to attend the highest ranked school. Also I am attending law school this year or next my current job does not have upward mobi...
by Leemiller
Sat May 26, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12447

Re: Helping Adult Children (but not too much)

I don’t think being poor benefited me. Also, I think it delayed my having kids and buying a home, so I will be helping my own children. Besides they will inherit seven figures - I’d rather see them enjoy the money now. For now my kids are young but once they get a job, I’m contributing to their Roth...
by Leemiller
Sat May 26, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8340

Re: Help Buying Mens Shoes for Work and Dating

No. Get at least three pairs otherwise you have a mismatch with shoes that look too formal or too informal for your outfit. If you have nice shoes and dress well on a date - nice jeans with a good quality button down - you’ll be ahead of the game. PS this forum is a strange place to get dating or st...
by Leemiller
Sat May 26, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5039

Re: work one more year or attend law school

I would not go to Law School if you are going to have to take out a huge amount of loans, especially given the amount of money you are making now. I went to a top 5 law school, and except for clerking (which was Amazing!) the rest of the nonsense is not really worth it. Probably better off going to...
by Leemiller
Sat May 26, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5039

Re: work one more year or attend law school

It's one thing to graduate from law school, but it is another to pass the bar (I've heard). I know folks who took the review courses beforehand and studied like crazy but still couldn't pass them after multiple tries. Then they are still stuck paying off the loan(s). I am guessing that those who we...
by Leemiller
Sat May 26, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5039

Re: work one more year or attend law school

Apply to more than just the top five. See how much money you can get. I got a free ride to a top fifteen - all tuition covered for three years. Also, consider geography and practice area carefully. Like others, I’m not sure why you can’t save a huge amount over the next year.
by Leemiller
Thu May 17, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2971

Re: Urgent: escrow situation in bay area

I don’t understand why you think you’re going to lose 20% of your housing value in the near term? I also think you’re exposing yourself to a possible lawsuit and an attorney may cost a lot more than 36k. Personally, I think you should pay down the mortgage by an additional 200-300k and go through wi...
by Leemiller
Thu May 17, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24273

Re: Lucrative careers?

I think it's worth reading Tennyson's Ulysses. It's not too late to seek a wider world. Come, my friends, 'T is not too late to seek a newer world. Push off, and sitting well in order smite The sounding furrows; for my purpose holds To sail beyond the sunset, and the baths Of all the western stars,...
by Leemiller
Tue May 15, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

It seems to me this is also setting up your kids for hard choices later. They can stay in an extremely high HCOL where they grew up with family and friends or move to a lower COL. I’ve noticed that young adults in high HCOLs seem to put off marriage and having kids until later given student loan deb...
by Leemiller
Mon May 14, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4769

Re: How to think about schools/homes (Greatschools/Niche)

I’d move. I went to a magnet school with kids like that and my “norm” was profoundly different than my sister’s who went to our zoned school. My friends were mostly kids of professionals, college was assumed because generally so was graduate school. My sister’s friends just had overall lower goals a...
by Leemiller
Mon May 14, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24273

Re: Lucrative careers?

People tell you to do what you love because you will be better at it and you’re interest will show to others. I’m a pretty well compensated attorney, in the upper 300s, and in my mid-40s. I wish I would have taken a different path. I enjoy the intellectual challenge, but the law wasn’t where my hear...
by Leemiller
Sun May 13, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 5389

Re: Advice on building a timeless mens wardrobe?

Give up on the notion of timeless. Plan on items lasting 3-8 years. Styles and body types change and items get worn out. Figure out your body type. My husband is tall and slim and can wear off the rack items with minimal tailoring, especially Thomas Pink and certain Italian suit brands. One his best...
by Leemiller
Sat May 12, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

There are parts of the country where a dual physician household will mean living in the best neighborhoods, but unfortunately the Bay Area isn’t one of them. You might have to look at townhomes or condos or living further out. I see lots of high income households taking on expensive homes where I li...
by Leemiller
Thu May 10, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 3090

Re: Payoff mortgage early or save?

Based on the information you’ve provided, I’d stock up cash until your daughter graduates as a safety measure in case something happens to your job. We are sort of in a similar place - high income, high mortgage. I’ve decided to save up more in taxable accounts to keep from having too large a percen...
by Leemiller
Wed May 09, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??
Replies: 27
Views: 1700

Re: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??

You have a lot of excuses. A home is more expensive than renting and was a bad move on your part. You’re not adding maintance to your costs. You could have bought a cheap, reliable car. One of our cars is worth maybe 2-3k and it drives great, and we’re millionaires (and it helped us get here). I’d r...
by Leemiller
Sat Apr 28, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2816

Re: Do you sell or donate unused items?

My in-laws sell stuff for us, or we donate. I know I could make some good money on the nicer kids clothes I have, but I’m also waiting to see if a close friend and my sister have a girl baby who would like to nicer, gently used items. It makes me feel good to donate so that something is being used a...
by Leemiller
Tue Apr 24, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: What to do with extra 50k? Still struggling.
Replies: 26
Views: 2350

Re: What to do with extra 50k? Still struggling.

I might pay down the mortgage enough so that you have 5-7 years of payments left. Then I’d probably leave the rest in taxable depending on how much state schools cost, you may be a little light even for that. And, there is also graduate school or letting some money ride for future grandkids.
by Leemiller
Tue Apr 24, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10314

Re: Salary Negotiation gone sour

Sometimes there is no room on base pay, just total comp. I took a job change where I ended up barely higher in my base pay but much higher based on overall comp (I got a first year bonus guarantee). Frankly, I would have been put off as someone who just hired an applicant by the back and forth and t...
by Leemiller
Wed Apr 18, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Age 30 how are we doing
Replies: 5
Views: 1456

Re: Age 30 how are we doing

I would probably fund the TSP to the match, then two Roths to the max, then cash savings in taxable. You can use a Roth as a back up emergency fund. It would be better if you didn’t tap it for the downpayment (really there may barely even be a benefit to doing this given the timeframe we are talking...
by Leemiller
Sun Apr 15, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8454

Re: Cash flow problems - best way to handle?

I’m also appalled by some of the responses on this thread. There is also an underlying insensitively to many of them. Op is in great shape because she has a career but there is a reason that the majority of households living at the poverty level are headed by women. There are many threads giving wor...
by Leemiller
Sun Apr 15, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2410

Re: Car Loan vs Home Mortgage

Are you dual or single income? I’d put more into post-tax savings to have more of a 12 month+ fund that could pay living expenses if needed. For single income I might even bump that, but I know too many people who were financial destroyed in the financial crisis. I’d rather have a portfolio drop 50%...
by Leemiller
Thu Apr 12, 2018 7:28 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 10701

Re: Mid-40s in tech - how to pass off as acceptably young

I interviewed a bunch of people lately and what I wanted from older candidates was a clear demonstration of sigficant substantive experience. In your field, keeping up to date on the latest thing also sounds key. When I interview, I can talk through time periods of change that together means I have ...
by Leemiller
Thu Apr 12, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3799

Re: Crazy to start 529 without kids??

No way I’d do this. Plus, it will put pressure on your future plans re kids.
by Leemiller
Thu Apr 12, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Help with shared child being spoiled
Replies: 46
Views: 4150

Re: Help with shared child being spoiled

My grandmother spoiled me with gifts of cash and it didn’t ruin me for life. I certainly didn’t ask - more than once - for something when we were out. Some of the above responses just feel extreme. I don’t take my kid to stores very much, but when we do I’ve explained to her that she won’t always ge...
by Leemiller
Wed Apr 11, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me choose a top law school!
Replies: 65
Views: 6048

Re: Help me choose a top law school!

With the area you are aiming for without Harvard/Yale that will be very challenging. For your current options, I’d say Georgetown has the best location for what you want and location is very important. Also, are you thinking of a LLM or doctorate? What is it you find attractive about that area of la...
by Leemiller
Tue Apr 10, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8454

Re: Cash flow problems - best way to handle?

Op, I’m sorry you’re in this position. What your ex is paying is pathetic. I would consult with a few more attorneys immediately, and sue him for a fair amount. Women really suffer in a divorce. You may have to give up the funding of the 529s to survive now. Try NASA federal credit union for a HELOC...
by Leemiller
Mon Apr 09, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4348

Re: What would an extra $2000 in cash flow mean for a large family?

What jumps out is that you’re significantly undersaving for college, for two, let alone five. That would eat up 2k a month easily.
by Leemiller
Mon Apr 09, 2018 7:23 am
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2398

Re: Would you pay off the student loan or keep the $$$

Did you get 28k for the sale of the car or are you saying this has freed up a couple of hundred in your budget? I’m sort of confused by how much cash the sale left you with. You also have the option of focusing on paying off the student loan, while setting aside a couple of thousand in cash to buy a...
by Leemiller
Sat Apr 07, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate financial situation - goal is to save
Replies: 17
Views: 928

Re: Evaluate financial situation - goal is to save

What is your personal debt level besides your home? Looks like student loans and auto payments? Auto Note - 22k @ 0% Student loan - 16k @ 3% Mortgage 4% Heloc - 5k @ 3.25% Credit card BT - 10k @ 0% I think you need to drop your 401k contributions to the match level for awhile and clean some of thes...
by Leemiller
Fri Apr 06, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford new house(360-400k)?
Replies: 13
Views: 1786

Re: Can we afford new house(360-400k)?

My advice is to sell your current home and put that money into the new home. This would reduce your payments, maybe you could even go to a 15-20 year. Also, I wouldn’t add the stress of landlording and a bigger mortgage on top of job instability. Besides, why would you ever buy a single family house...
by Leemiller
Wed Apr 04, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6782

Re: Grass is always greener, federal edition

Personally, I think you should make peace with your choice instead of creating so much drama in your mind about the private sector or wealth. People in the private sector aren’t missing every meal or suffering by going to businesses and telling them how they can help. I was good at business developm...
by Leemiller
Tue Apr 03, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a house of 600-700k?
Replies: 56
Views: 4275

Re: Can we afford a house of 600-700k?

You can afford it, just depends on if you are willing to pay a mortgage longer. And wow, that is some gift from your in-laws.
by Leemiller
Mon Apr 02, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6782

Re: Grass is always greener, federal edition

I retired from a senior federal position five years ago after 40 years of service. During the latter half of my career I did a lot of hiring. One of the things that intrigued me is that we always had applications from former federal employees who wanted to get back into government . They had left b...
by Leemiller
Mon Apr 02, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 44
Views: 3284

Re: Can we afford this house?

I would drop your 401k to the match and stop HSA contributions and pile as much cash as possible. Then maybe I’d buy. But I think you need to pick one. After you have a good emergency fund, baby is home and healthy, and you know if your house was a lemon move the 401k back up, but you may not be abl...
by Leemiller
Sun Apr 01, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Warning: Max out 401k early - lose some of the match
Replies: 46
Views: 5445

Re: Warning: Max out 401k early - lose some of the match

In my case, MegaCorp switches contributions to after-tax when the 18k limit is reached, and they will match those. So I'm able to just set it to the max contribution rate (30%) and let it ride. I get full match and can roll the after-tax out for a Mega Backdoor move. I need to figure this out for m...
by Leemiller
Sun Apr 01, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Yearly Checkup
Replies: 11
Views: 1681

Re: Yearly Checkup

That mortgage is way too high for your income. I’d sell both rental properties, put the equity in your home and do a recast or refinance. I don’t see how you’ll make it otherwise. Especially once you have kids. Daycare here costs 2k a month for infants, nevermind what a nanny costs.