Search found 428 matches

by Nearly A Moose
Sun Jun 25, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 42
Views: 4718

Re: Can we/should we afford a $2M house?

Also, yes, you can afford this. OP has "low" savings because he must have just started his real doctor job and paid down loans (I assume). FWIW, we make half of what you do and will probably be buying a house for this much in a couple years (it's in the plan at least)....
by Nearly A Moose
Sun Jun 25, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 42
Views: 4718

Re: Can we/should we afford a $2M house?

To OP's question about building sites: in the second location, you say land as far as the eye can see. What does that mean? Who owns it, and what's going to happen with it? Unless there's an easement or restrictive covenant, I have to assume its going to become another neighborhood in the soonish fu...
by Nearly A Moose
Fri Jun 23, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Good camera - new baby coming
Replies: 61
Views: 3299

Re: Good camera - new baby coming

We bought a Nikon D3300 and a 35mm prime lens with the idea of "saving money" on professional pictures. It works for the bokeh effect your wife wants. The entire package around Black Friday was $299 for the camera + kit lens and then around $130 for the 35mm fixed lens. This was a refurbi...
by Nearly A Moose
Thu Jun 22, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4825

Re: Do You Take Your Credit Card Receipts?

I usually take them if I'm walking out the door with something, but that's mostly so I can prove I'm not shoplifting. I don't take restaurant receipts, etc.
by Nearly A Moose
Thu Jun 22, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Managing Paper Receipts
Replies: 26
Views: 1694

Re: Best Practices for Managing Paper Receipts

The presumption in my household is that any piece of paper that enters the home goes straight into the trash can (sometimes with a pass through the shredder) unless there is a very compelling reason to keep it, in which case it gets scanned and then immediately shredded. So far, usual suspects for s...
by Nearly A Moose
Wed Jun 21, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 104
Views: 12434

Re: Ally Bank 1.25% 11 month with no EWP

Vanguard's Limited Term Tax Exempt Bond fund (VMLTX) has a current SEC yield of 1.47%. For those of us in high federal tax brackets (33% for me), I think this may make more sense than even the Ally 11-month CD. It's average duration is about 2.5 years and it's risk is rated level 1 on Vanguard's si...
by Nearly A Moose
Wed Jun 21, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 104
Views: 12434

Re: Ally Bank 1.25% 11 month with no EWP

Vanguard's Limited Term Tax Exempt Bond fund (VMLTX) has a current SEC yield of 1.47%. For those of us in high federal tax brackets (33% for me), I think this may make more sense than even the Ally 11-month CD. It's average duration is about 2.5 years and it's risk is rated level 1 on Vanguard's si...
by Nearly A Moose
Sat Jun 17, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16174

Re: Siblings in disagreement over mom's house.

Sorry for the bad situation. I think the threshold questions are: 1) how important to you is your share of the value? As some have alluded, $50k may or may not be a lot of money to you. Don't think I saw this answered in the chain. 2) how much to you and the other sellers value family haromony? If (...
by Nearly A Moose
Fri Jun 16, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Parent's Portfolio
Replies: 12
Views: 1164

Re: Parent's Portfolio

Pardon my addressing a question you didn't ask, but the whole time reading your post I had thought this was where you were going: it sounds like want things simple, they insist on relying on you for financial guidance, and you're trying to distance yourself a bit. Why aren't they all-in on a target ...
by Nearly A Moose
Tue Jun 13, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Washington, DC Navy Yard Area
Replies: 12
Views: 1107

Re: [Moving to] Washington, DC Navy Yard Area

Hello, friends. I'll be moving to DC in a month and was wondering if any DC locals had any insight into the rental market near the Navy Yard/Nationals Park. I'll be working at the Navy Yard, which makes my commute walkable. My main questions are: (1) Is traffic oppressive during Nationals home game...
by Nearly A Moose
Tue Jun 13, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Washington, DC Navy Yard Area
Replies: 12
Views: 1107

Re: [Moving to] Washington, DC Navy Yard Area

Welcome! Depending on your budget and desires lifestyle, might I suggest you look into Capitol Hill as well, especially the Southern section, as that would be very close to your job, is residential (100 yr old row homes), quite beautiful, full of young families, dogs and babies but also some older f...
by Nearly A Moose
Tue Jun 13, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 2041

Re: Joint bank account w/parent or not?

I'd also second (third? Fourth?) the points about using TOD or POA instead of actually being a joint account holder. How awful would it be if you faced some liability issue and all of a sudden your mother's entire savings account got drawn into it? Since banks are finnicky, have a conversation with ...
by Nearly A Moose
Tue Jun 13, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate Annual Expenses with spending volatility?
Replies: 15
Views: 567

Re: How to calculate Annual Expenses with spending volatility?

jebmke wrote:I just use a rolling average -- I think mine is 5 years -- that sort of smooths out the lumpiness. I also carve out capital items and look at the trend on everything else.


Wow, this is so blindingly obvious I'm shocked I haven't tried it yet. Thanks for sharing.
by Nearly A Moose
Mon Jun 12, 2017 11:08 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 91
Views: 5423

Re: Have you canceled cable?

Yes!!! We use Amazon and Netflix to watch what we want, coupled with MLB TV and a special Tour de France package to stream le Tour. We save $100 p/mo and watch a ton less TV, which is a real win-win.
by Nearly A Moose
Mon Jun 12, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Urgently - Are we in over our heads?
Replies: 45
Views: 5926

Re: Need Advice Urgently - Are we in over our heads?

Don't forget that the mortgage payment is fixed (it's fixed right? Or did I miss something?). Give yourself a coupke years of cost of living raises, real raises, or bonuses (if you're lucky enough to get those three), and it will become much more affordable as a percentage of your budget over time. ...
by Nearly A Moose
Wed Jun 07, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Re: Insurance Strategy Review - Soup to Nuts

Consider taking out a $2M 20 year policy, so the coverage ends about the time your kids are finishing college. You don't need much insurance after that, and may consider cancelling your 30 year policy then, or not. ... -want to put both kids through college (assuming $100k (future dollars), for 4 y...
by Nearly A Moose
Wed Jun 07, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Re: Insurance Strategy Review - Soup to Nuts

Most of this is above my pay / income grade. But I can speak to FEGLI. You're not missing something. It is expensive (even with 30% subsidy) if you're healthy. I dropped it in favor of something I found through Term4Sale, after shopping around there and elsewhere as you are considering. (If, of cou...
by Nearly A Moose
Wed Jun 07, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Nanny or Afterschool Helper finding advice
Replies: 9
Views: 738

Re: Nanny or Afterschool Helper finding advice

Neighborhood list serve and word of mouth. The good nannies get passed back and forth in the neighborhood.
by Nearly A Moose
Wed Jun 07, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3125

Re: Budgeting

I used mint.com. Still sort of do but lately have felt it's been a bit buggy. Issue is my wife and I just don't want to write down every single transaction. I think in a perfect world I'd use Excel, but I haven't found an easy way to get transactions and categories into it. You can download your Mi...
by Nearly A Moose
Wed Jun 07, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Re: Insurance Strategy Review - Soup to Nuts

Full disclosure since you're new to the forum - I'm an insurance agent. Edit - had you confused with another poster, but still leaving the disclosure since you're asking for insurance advice. Not sure I knew that anyway, so thanks. I think a disinterested insurance agent is what I need! My advice w...
by Nearly A Moose
Tue Jun 06, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Re: Insurance Strategy Review - Soup to Nuts

Insurance is a personal decision. My preference is to invest in 529's to take care of kids education and if I were to die, my spouse would most likely want to downsize the house regardless if it is paid for or not. As for future income, I would prefer to self-insure and invest that money (in your c...
by Nearly A Moose
Tue Jun 06, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Re: Insurance Strategy Review - Soup to Nuts

Why did you choose the Whole Life Policy? With the Term and other insurance, just wondering if it was needed or sold to you. You have large incomes to protect. The real danger is being a "Under accumulator" of wealth based on The Millionaire Next Door calculations. Very high income, very ...
by Nearly A Moose
Tue Jun 06, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1306

Insurance Strategy Review - Soup to Nuts

I hope you’ll pardon the long post, I wanted to put everything together at once. This took a long time to assemble, and I'm really hoping to get some good input. I would like some feedback on our insurance setup. I've laid out some very basic financial info below, followed by a summary of our curren...
by Nearly A Moose
Tue Jun 06, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6063

Re: I'm considering buying a house in the $800k range.. can I?

You can afford it. If you go 20% down for 30 yrs (many here like a 15 yr note, I'm just picking something) at 4%, that's about $3k/month P+I. Without knowing property taxes, maybe another $1k/mo for insurance and taxes, so ~$4k per month, or $48k per year. Throw in $10k/yr for random expenses. If y...
by Nearly A Moose
Mon Jun 05, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 453

Re: Please comment on employer's long term disability insurance policy

If your employer is paying for it then you probably can't opt out so the coverage doesn't really matter. When the employer is paying the premium with no opt-out, the amount of coverage you can purchase on an individual policy will be more limited. That said, it's a decent definition for a group pol...
by Nearly A Moose
Mon Jun 05, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6063

Re: I'm considering buying a house in the $800k range.. can I?

finite_difference wrote:Go for it. Put down 20%. Get a good interest rate. Make sure you and your spouse like the house and location though :) Short commutes are good.


+1 on short commutes.
by Nearly A Moose
Mon Jun 05, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6063

Re: I'm considering buying a house in the $800k range.. can I?

You can afford it. If you go 20% down for 30 yrs (many here like a 15 yr note, I'm just picking something) at 4%, that's about $3k/month P+I. Without knowing property taxes, maybe another $1k/mo for insurance and taxes, so ~$4k per month, or $48k per year. Throw in $10k/yr for random expenses. If yo...
by Nearly A Moose
Mon Jun 05, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 453

Please comment on employer's long term disability insurance policy

It occurred to me that I probably should have some long term disability insurance (i.e. I need to get some; one of the many things I'm learning from this group). I'm covered under my employer's group policy, and while I know I will need to buy some more on my own, I'd like some feedback on how “good...
by Nearly A Moose
Mon Jun 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse returning to work. How to keep low stress lifestyle?
Replies: 47
Views: 4571

Re: Spouse returning to work. How to keep low stress lifestyle?

Your spouse does stuff with computers, but what exactly? Is it something he can do free-lance as his own business? Custom web design, app development, etc? Being your own boss is the ultimate in flexibility, and if you don't depend on his income, perhaps a lot of the stress associated with being you...
by Nearly A Moose
Sun Jun 04, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Life Insurance Decision
Replies: 5
Views: 560

Re: Help with Life Insurance Decision

Just speaking to the emotional side, no reason to stick with the son in law just because you have a family connection. The older agent dumped you off when you didn't want to buy an overpriced WL policy for goodness sakes.
by Nearly A Moose
Sun Jun 04, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6569

Re: Inheritance Quandary

As has been said, if you want a SIngle family home (and sized for 1), $2M cash will get that, even in the Bay Area. So buy for the cash and just buy something you like. Buy for $1M and put the rest into a massive "house expense" fund or something if prop taxes are that bad. Or just rent a ...
by Nearly A Moose
Sun Jun 04, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3125

Re: Budgeting

I used mint.com. Still sort of do but lately have felt it's been a bit buggy. Issue is my wife and I just don't want to write down every single transaction. I think in a perfect world I'd use Excel, but I haven't found an easy way to get transactions and categories into it.
by Nearly A Moose
Sat Jun 03, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Home Down Payment:
Replies: 12
Views: 1096

Re: Home Down Payment:

How much higher are the jumbo rates? Mine is 3.5%, 30 yr fixed. I keep getting letters in the mail advertising 3.75 or 3.875. That's far from awful. Perhaps you sell primary home, buy new house with 20% down or whatever but don't withdraw from retirement funds, and whenever the vacation homes sells ...
by Nearly A Moose
Fri Jun 02, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 1736

Re: Favorite Biographies and Memoirs

FDR. Have it on audiobook and listen to it each night while doing dishes. Americans in Paris isn't a biography per se, but it's interesting and seems aligned with what you've listed. I saw someone mentioned Endurance. A great read. At the end, pay attention to the hardship they faced and the percent...
by Nearly A Moose
Fri Jun 02, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Need advise on my situation with Student Loan
Replies: 8
Views: 856

Re: Help: Need advise on my situation with Student Loan

You need to check out WCI (whitecoat investor). He has some vetted loan consolidation companies on his site and several posts regarding refi. I'm fairly certain you can get a better rate than 7+% Live like a resident for a few more years, and you'll knock it out of the park! One other piece of advi...
by Nearly A Moose
Fri Jun 02, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to reject tenants for subjective reasons?
Replies: 18
Views: 2608

Re: How to reject tenants for subjective reasons?

As with all landlord tenant issues, you need to disclose state (and ideally city) to have a shot at good advice. LT law varies widely by locality.
by Nearly A Moose
Fri Jun 02, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer in HCOL area
Replies: 9
Views: 1197

Re: First time home buyer in HCOL area

Also, are there many townhouses in NoVa that have English basement rental units? That's very common where I live. A common strategy is to buy a house with and English basement, rent it out to help with the mortgage until you need the space / don't need the cashflow, then take it over and connect it ...
by Nearly A Moose
Fri Jun 02, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer in HCOL area
Replies: 9
Views: 1197

Re: First time home buyer in HCOL area

I think it's completely fine financially. I would want to be sure I was comfortable living there for the next 10 years though. Are you positive you'll be fine living in a town home and not get the itch to "trade up" to a single family home in a few years? Are you positive the schools meet...
by Nearly A Moose
Thu Jun 01, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Objectively assess my situation
Replies: 20
Views: 1469

Re: Objectively assess my situation

Tend to echo the others, but your age could be a key factor here. We're all assuming you are young(ish), I think. I agree with the earlier poster who mentioned paying off the high interest loans asap. If you have taxable accounts with a good deal of money in them, I'd strongly consider selling to pa...
by Nearly A Moose
Thu Jun 01, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2386

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a separate account for my mortgage, but only because my mortgage lender gave me a relationship discount if I maintained a checking account with them. It pays virtually no interest, so I funded it initially with a couple hundred bucks to give it a cushion, then set my monthly paycheck to dire...
by Nearly A Moose
Thu Jun 01, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1512

Re: Help me determine a savings percentage..

Occasionally we might say, "oh this or that would be fun to do or to buy.." Thanks for helping me with my first world problem. PS - We struggle with this mightily, but if you're happy with your lifestyle already, spend your money on things "to do" not things "to buy". ...
by Nearly A Moose
Thu Jun 01, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1512

Re: Help me determine a savings percentage..

From others' math, sounds like you're on a good trajectory to being FI early. That will give you lots of options. Why are you focused on "setting" a savings rate? Is it academic interest, or are you trying to build a plan that says "save X% for Y years then retire, holding all expense...
by Nearly A Moose
Thu Jun 01, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2386

Re: Do you have a bucket to pay your mortgage or pay from core?

If you're worried about cashflow, you could always add a cushion to the account equivalent to one month's mortgage payment, and treat that value as zero for budgeting purposes. Or just spend a couple minutes at the beginning of each month mapping out your cashflow to make sure you're going to be alr...
by Nearly A Moose
Thu Jun 01, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Dyson Cordless Vacuums??
Replies: 11
Views: 1217

Re: Dyson Cordless Vacuums??

I have one. It sucks. (rimshot!) I use it for touch up vacuuming in a small urban rowhome; my cleaning crew does the heavy lifting. I've had it for about 3 years, and I keep it plugged into its wall-mounted charger whenever I'm not using it, and so far so good. It's well-engineered - ergonomic, ligh...
by Nearly A Moose
Thu Jun 01, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2386

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a separate account for my mortgage, but only because my mortgage lender gave me a relationship discount if I maintained a checking account with them. It pays virtually no interest, so I funded it initially with a couple hundred bucks to give it a cushion, then set my monthly paycheck to direc...
by Nearly A Moose
Wed May 31, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 13621

Re: i am my own "guy," but not sure I should advertise that

I mention my interest as a feeler to see if the other person is. Always nice to find kindred spirits.
by Nearly A Moose
Wed May 31, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer without an in person interview
Replies: 41
Views: 3456

Re: Job offer without an in person interview

Kind of tough to say - I certainly always prefer in person interviews, regardless of which side of the table I'm on. That said, the last 5 or 6 candidates I've interviewed, I've been 95% certain based on their resume alone whether I was going to recommend hiring them (not to say personality isn't im...
by Nearly A Moose
Wed May 31, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Budgeting for One Number Budget
Replies: 3
Views: 524

Re: Personal Capital Budgeting for One Number Budget

There is no forward budgeting in Personal Capital. You categorize your transactions in the categories provided. You then get historical views (Custom, 30 days, 90 days, this year, last year) to see your Income, Spending and Cash flow (difference). I like the "less is more" approach of PC....
by Nearly A Moose
Wed May 31, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Budgeting for One Number Budget
Replies: 3
Views: 524

Personal Capital Budgeting for One Number Budget

Hey Folks - I recognize that aggregators like Personal Capital aren't necessarily a new topic on these boards, but I'm hoping people might have specific feedback on Personal Capital's budgeting tool for my proposed application. I've always felt that Mint was stronger on budgeting and PC better for i...

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