Search found 359 matches

by Nearly A Moose
Sat Apr 29, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 39
Views: 2796

Re: If you pay a high AMT, would you take out $1M mortgage?

I don't need to have a home of this size and in close proximity to downtown D.C. when we retire. In the mean time, the full cost including property taxes and insurance represents 20% of our gross income, and that percentage will drop significantly soon due to a promotion, and it will drop steadily ...
by Nearly A Moose
Fri Apr 28, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 39
Views: 2796

Re: If you pay a high AMT, would you take out $1M mortgage?

This doesn't sound crazy. Btw, i believe you can also deduct interest on up to $100k of HELOC interest, on top of the mortgage. Not under the AMT. Without the AMT, you can call $1M home-acquisition debt and another $100K home-equity debt, and thus deduct all the interest on a $1.1M mortgage. With t...
by Nearly A Moose
Fri Apr 28, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 39
Views: 2796

Re: If you pay a high AMT, would you take out $1M mortgage?

I'm closing on Monday, May 1, on a $1.32M house in a HCOL area, the City of Falls Church. It's a 2017 finished new construction, with 4,500 SF, 6 bedrooms, and 5.5 baths. It's got a yard, nice community, and a short 5 minute walk to downtown Falls Church. It's also 7 minutes from two metro (DC subw...
by Nearly A Moose
Fri Apr 28, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 39
Views: 2796

Re: If you pay a high AMT, would you take out $1M mortgage?

This doesn't sound crazy. Btw, i believe you can also deduct interest on up to $100k of HELOC interest, on top of the mortgage. Here's a thought: model the effective interest rate and payment net of tax savings. Then see if you're comfortable with taking the risk you will or won't earn more than tha...
by Nearly A Moose
Fri Apr 28, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should we wait untill tax's are changed
Replies: 9
Views: 1248

Re: Should we wait untill tax's are changed

If you think timing the market is hard, try timing policy developments. I say that not as a political comments per se, but rather an inside-the-beltway observation about how our national policies are developed and all the ways they can change or become derailed along the way. Some of it is systemic ...
by Nearly A Moose
Tue Apr 25, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12846

Re: Advice needed for mother's inheritance/finances.

One option would be to combine the IRAs as stated above, and then move however much of the 500k cash you want to invest into a taxable account. Put both at Vanguard. Then , either do your proposed 3-fund portfolio across both accounts, or buy the same target date fund in both accounts (if you want t...
by Nearly A Moose
Tue Apr 25, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3570

Re: Becoming a homeowner/landlord in a college town?

I actually love the idea of retiring at least part time to a good college town. But I wouldn't rent the house to college students. Instead, I'd explore the following (in no particular order): 1. Rent yourself over the summer (you might even be able to find a professor who is going on sabbatical to ...
by Nearly A Moose
Mon Apr 24, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Xfr from ML to Vanguard, when does cost data come over?
Replies: 4
Views: 417

Re: Xfr from ML to Vanguard, when does cost data come over?

If I recall correctly, it took about 2 weeks for the cost basis for my shares to makes its way over from Schwab to vanguard.
by Nearly A Moose
Mon Apr 24, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2584

Re: Baby on the way checklist

ponyboy wrote:Travel now because when you have a kid you wont be traveling anywhere for a couple years.


Depends on the kid (and parents), but yes, consider some travel now if feasible. Even if the kid is a good traveler, it's not the same. If there's a destination several time zones away, it's easier now too.
by Nearly A Moose
Mon Apr 24, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3570

Re: Becoming a homeowner/landlord in a college town?

Plenty of landlords are renting to students and they seem to make the money and headaches worth it. For most, being a landlord is just not right for them and being a landlord to students is even worst. However for a select few, they can make it work. I think the key issue here is OP wanting to live...
by Nearly A Moose
Mon Apr 24, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2584

Re: Baby on the way checklist

Someone mentioned sleeping through the night (ha!), and that jogged a painful memory. If you have enough time, consider building up a slush fund for random support services you may need to buy on short notice, and which may or may not be covered by your insurance (it seems a lot of these aren't cove...
by Nearly A Moose
Mon Apr 24, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3570

Re: Becoming a homeowner/landlord in a college town?

Please don't do this to yourself. My friends and I rented a house my senior year of college. We were among the highest achieving students, all held leadership positions, etc. One weekend morning, I came downstairs to find an acquaintance /recent graduate who had lived in the house a few years ago (a...
by Nearly A Moose
Mon Apr 24, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2584

Re: Baby on the way checklist

Also, a pro tip that Big Baby doesn't wa t you to know: for most baby items, used is just as good as new. Most things get grown out of in just a couple months, so with a quick wipe down they're practically new.

We wasted entirely too much money buying new pieces of plastic junk...
by Nearly A Moose
Mon Apr 24, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2584

Re: Baby on the way checklist

Wills, guardians, powers of attorney, term life insurance. Get it in place now, even if you think you'll tweak it later. Decide whether you'll use a 529 and if, which plan. You can open those now with yourselves as beneficiaries and change it later. One less thing to bother with later. This might be...
by Nearly A Moose
Thu Apr 20, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12846

Re: Too much inheritance to handle. Advice needed

In skimming this thread, I don't think I've seen anyone mention Vanguard's Personal Advisory Service. For 0.3%, Vanguard will recommend a relatively simply portfolio for your mother that is appropriate for her age and risk tolerance. It's close to but not exactly like the robo advisor services. They...
by Nearly A Moose
Thu Apr 20, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 5022

Re: Tips on Uber

I don't usually tip with Uber, I use it a fair amount, and my passenger rating is 4.8, so I don't think it is a problem. I tip if the driver goes out of their way in some manner or in the rare times there's a miscommunication and the driver stops the trip a block early. I'll also step back and put a...
by Nearly A Moose
Thu Apr 20, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Home remodel / addition plans
Replies: 17
Views: 1791

Re: Home remodel / addition plans

PS - I grew up in homes with some separation between the master suite and the kids rooms. I liked it and felt like it gave me my own wing of the house. I wouldn't want to run across the house for a newborn every couple hours, but it should be fine with older kids.
by Nearly A Moose
Thu Apr 20, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Home remodel / addition plans
Replies: 17
Views: 1791

Re: Home remodel / addition plans

This reflects a frustration I have with my own home, which has a fully gutted, wall-less first level (it's a rowhome, so different space constraint issues), but consider adding some sort of architectural feature to create a visual break between your kitchen, dining, and living room. It could be a ce...
by Nearly A Moose
Thu Apr 20, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 4023

Re: Should I cancel my whole life policy?

I feel for you. I was sold one of these things (luckily half the death benefit and half the premium) a few years ago. I'm struggling with what to do it with it (and will probably post my own policy sometime this year), but that's in part because I'm somewhat closer to the breakeven period (but still...
by Nearly A Moose
Thu Apr 20, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

*Car loan: $10,500 outstanding balance; 1.5% rate; paying $460/mo; payoff ~ Feb. 2018 Help me out with this - assuming you haven't yet made the April 2017 payment, you are paying $460/month and contemplate 14 months until payoff. But that translates to $6440 in payments, and your balance is $10,500...
by Nearly A Moose
Thu Apr 20, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

Scheduled the transfer from Vanguard to my checking account and got my payoff quotes from the lenders. Planning to zap the student loans out of existence on Friday, then will crack a cold one in their memory :) Congrats, speaking from experience, they will NOT be missed! :beer The money transferred...
by Nearly A Moose
Wed Apr 19, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5230

Re: How to make best use of lunch with the company president/CEO?

I'd strongly urge you to heed Bacchus's advise and to very careful with some of the cynical answers you're hearing in this thread. Yes, it is entirely possible the CEO is sitting on some bombshell news that will affect your division or the company more broadly. Guess what, a lunch with 10 employees ...
by Nearly A Moose
Tue Apr 18, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5590

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

I don't usually chime in on the investing threads (still learning myself), but I'm going to echo the "slow down" chorus. Make that, "stop right now." This strategy seems to make little sense - lots of slicing and dicing (presumably to tweak yield and risk) within an insurance pro...
by Nearly A Moose
Tue Apr 18, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: 'True' Cost Of A More Expensive House
Replies: 22
Views: 3749

Re: 'True' Cost Of A More Expensive House

(Mostly voice dictated, pardon any nonsensical phrases) I believe we've heard so far interest payments, insurance, taxes, opportunity cost of the difference in price, and the general desire to keep up with the Joneses. Some other things to think about: - are there any special features to the more ex...
by Nearly A Moose
Mon Apr 17, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

yes yes Scheduled the transfer from Vanguard to my checking account and got my payoff quotes from the lenders. Planning to zap the student loans out of existence on Friday, then will crack a cold one in their memory :) Decided to continue paying the car loan. The interest rate is very low, and I th...
by Nearly A Moose
Mon Apr 17, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

I would definitely pay off the car note - can't deduct this in most situations. As far as student loans, you can pay off it down enough to still get maximum interest deductible. Interesting point on the interest deduction... however, with the 10,500 auto loan ($460) and 10,700 loan ($680) being the...
by Nearly A Moose
Mon Apr 17, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1 Day Transfer
Replies: 15
Views: 2455

Re: Ally 1 Day Transfer

This has worked very smoothly transferring from Ally to Schwab.
by Nearly A Moose
Mon Apr 17, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 178
Views: 19131

Re: More advice for BigLaw Survivor, please?

I have nothing to offer other than my thanks for posting this thread and for the regular updates. I'm a big law senior associate (this far happier with my experience than you seem to have been with yours), am cautiously optimistic about my advancement prospects, and very interested in learning what...
by Nearly A Moose
Mon Apr 17, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: Provence and Normandy
Replies: 11
Views: 898

Re: Provence and Normandy

Avignon is lovely. I would really suggest getting to spend some time Arle, which is 30-45 minutes away by train. Small historical walled roman town, complete with a still-standing coliseum and the ruins of an amphitheater that the town still uses today. There are a couple nice squares to lounge abou...
by Nearly A Moose
Mon Apr 17, 2017 8:49 am
Forum: Personal Consumer Issues
Topic: Gardening 2017
Replies: 43
Views: 3545

Re: Gardening 2017

Lettuce, chard, kale, spinach, carrots, and bok choy in our raised bed in DC as of two weekends ago. Just started coming up a few days ago. Going to add the next round of greens next weekend, and will fill out the rest of the bed with carrots (realized last year I didn't have the time to keep up wit...
by Nearly A Moose
Mon Apr 17, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 178
Views: 19131

Re: More advice for BigLaw Survivor, please?

I have nothing to offer other than my thanks for posting this thread and for the regular updates. I'm a big law senior associate (this far happier with my experience than you seem to have been with yours), am cautiously optimistic about my advancement prospects, and very interested in learning what ...
by Nearly A Moose
Fri Apr 14, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

I would definitely pay off the car note - can't deduct this in most situations. As far as student loans, you can pay off it down enough to still get maximum interest deductible. Interesting point on the interest deduction... however, with the 10,500 auto loan ($460) and 10,700 loan ($680) being the...
by Nearly A Moose
Fri Apr 14, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

Thanks all for weighing in. Based on what I'm hearing, I think we'll probably pay off the student loans but perhaps keep the car loan, as it's interest rate is at or below what the bond fund is yielding, and all else equal I'd probably prefer the liquidity just in case it's needed sooner. And we'll ...
by Nearly A Moose
Fri Apr 14, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

If I can rephrase your question: Should you pay off your other debt before you buy another house? Without knowing more, I feel like the obvious and correct answer is yes. Would you agree? I guess I view this as less of a debt payoff question and more of a returns and cashflow question. I haven't ha...
by Nearly A Moose
Fri Apr 14, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Re: Should I pay off these loans?

Do you have other cash/Emergency fund beyond the $50k saved for the down payment? Clearing the student loans is a guaranteed 4.5%/4.3%. The car loan rate is low, but the car is depreciating each month. I am one that thinks you would be far ahead to clear the debts now. $1,590 of cash flow by paying...
by Nearly A Moose
Fri Apr 14, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 149
Views: 10747

Re: Ordering a Weber grill this week

I'm probably asking on the wrong board, but is a Weber Genesis worth the extra $1,000? We don't do anything fancy on our grill....but assuming I have the means, I wonder if it's worth it. Does it look noticeably nicer (I know that's a subjective assessment, but just curious). I agree with btenny. T...
by Nearly A Moose
Fri Apr 14, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 4034

Re: What do you do with your coins?

I keep a roll of quarters in the car. I've been known to just throw away the odd penny I find lying around. The rest of the change goes to my daughter, who gets to put it in her piggy bank. She's 2.
by Nearly A Moose
Fri Apr 14, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6947

Re: Physician using Turbotax, owing 30K so far already...

relax. You should be fine this year. As long as you had more than 2015 tax withheld there should be no penalty. Going forward have them with hold extra 2000 pm for taxes or so. Basically safe harbor. I had this happen the first year my wife and I were married - we had the same imbalance where her e...
by Nearly A Moose
Fri Apr 14, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off these loans?
Replies: 24
Views: 2199

Should I pay off these loans?

I had one of those "huh..." moments recently and could use some input from the forum. Here's the situation. We have a pile of money ($50,000) that will be used as down payment on a new house, likely in Spring 2019 (along with the proceeds from the sale of our current house). We will be add...
by Nearly A Moose
Thu Apr 13, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Ebay Valet - Thoughts?
Replies: 10
Views: 1039

Re: Ebay Valet - Thoughts?

Thanks, everyone, this is helpful and confirms my gut reaction - that it's just too big of a cut.
by Nearly A Moose
Wed Apr 12, 2017 8:11 pm
Forum: Personal Consumer Issues
Topic: Ebay Valet - Thoughts?
Replies: 10
Views: 1039

Ebay Valet - Thoughts?

Has anyone used Ebay Valet recently? If so, how was the experience? Here's a link to what I'm referring to: http://www.ebay.com/s/valet#questions Basically you ship your stuff to Ebay, they try to sell it, and if they do, they take their cut and send you the balance. And you can just drop your stuff...
by Nearly A Moose
Wed Apr 12, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for first time homebuyer (a friend)
Replies: 25
Views: 2372

Re: Advice for first time homebuyer (a friend)

I live in this area and am closing on a new construction house (tear down of a 1945 house) that is very nice. Bottom line, these decisions involve risks and tradeoffs. We spent years preparing (income, assets, down payment, credit) and everything is moving smoothly. Our priority requirements were a...
by Nearly A Moose
Wed Apr 12, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for first time homebuyer (a friend)
Replies: 25
Views: 2372

Re: Advice for first time homebuyer (a friend)

I live in this area and am closing on a new construction house (tear down of a 1945 house) that is very nice. Bottom line, these decisions involve risks and tradeoffs. We spent years preparing (income, assets, down payment, credit) and everything is moving smoothly. Our priority requirements were a...
by Nearly A Moose
Wed Apr 12, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for first time homebuyer (a friend)
Replies: 25
Views: 2372

Re: Advice for first time homebuyer (a friend)

DC housing prices are nuts. But there has been tremendous growth inside the beltway, and so far the prices have been steadily increasing but not skyrocketing quite like what I hear is happening in the Bay Area. I live in Capitol Hill in an old renovated rowhome (warning: don't buy a full gut reno un...
by Nearly A Moose
Wed Apr 12, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Backyard shed, wood or plastic?
Replies: 31
Views: 2668

Re: Backyard shed, wood or plastic?

Depends on where it (geographically and within your yard) and how long you want it to last. If you won't live there 5 years from now and don't want to put in a lot of effort (and don't live in the desert), get a decent plastic one and set aside 2-4 hours to build it right. You should have some sort ...
by Nearly A Moose
Wed Apr 12, 2017 10:39 am
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 149
Views: 10747

Re: Ordering a Weber grill this week

If I could do it again, I'd absolutely buy the upgraded version with the side burner and sear station. I hadn't appreciated this when I had an older grill that I used less, but I almost always have a side going on a skillet on the stove while I'm grilling, and it's usually something like sauteed ve...
by Nearly A Moose
Tue Apr 11, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 149
Views: 10747

Re: Ordering a Weber grill this week

With apologies in advance for not having been able to get through the full set of replies, I have the Genesis E310 (older version) and am quite happy with it. The closed storage helps make the back yard look more tidy, and I at least would like to think it keeps a couple of the critters out of the g...
by Nearly A Moose
Tue Apr 11, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 3923

Re: Prewiring house for tv and internet. Worth it?

I'd just say based on my own experience with a "wireless" house that having at least a few hardwired points is helpful and gives you options. So I'd at least do a few key areas (eg office, basement, living room). But from what others are saying, this is cheap relative to the costs of a fu...
by Nearly A Moose
Tue Apr 11, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Cordless Vacuum Cleaners
Replies: 28
Views: 1979

Re: Cordless Vacuum Cleaners

I had to go check, but I bought a Dyson DC35 refurbished in April 2014. It's worked just fine. I use it for light touch-up cleaning. I've never had issues with suction or batter, and I can usually get at least 20 minutes of runtime out of it. It's hardly ever run out before I was done with it. A nic...
by Nearly A Moose
Tue Apr 11, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Prewiring house for tv and internet. Worth it?
Replies: 65
Views: 3923

Re: Prewiring house for tv and internet. Worth it?

The latest greatest DirecTV boxes are wireless. Roku, Amazon Fire TV, Apple TV...all wireless. The new wireless routers can extend to the whole home and service dozens of devices. Land lines..disappearing. I would not spend the extra money to run cable, phone, Ethernet to every possible room. I'd j...

Go to advanced search