Search found 621 matches

by NoVa Lurker
Wed May 17, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money in MA teacher pension, but never planning to draw pension?
Replies: 18
Views: 1666

Re: Leaving money in MA teacher pension, but never planning to draw pension?

It can take awhile to roll over a teachers' pension account. We did it with my wife's pension account when we moved states a few years ago, most likely never to return, and it took us about six months to complete the process. She had 5 years of service, so a lump-sum rollover into her new 403(b) pla...
by NoVa Lurker
Mon May 15, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 34
Views: 3910

Re: Funny Letter [Canceling Escrow Account]

Yes, whenever I see people post about how happy they are to have repaid their mortgage / student loans, I always wonder if their experience was as frustrating and anti-climactic as mine has been. I have paid off one set of student loans and two mortgages over the past few years, and each time it was...
by NoVa Lurker
Tue May 09, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3152

Re: First 100 mile bike ride

Lots of good advice above, but I didn't see anyone mention sunscreen. Maybe that's obvious since you've already done lots of long-ish rides already. But when you're going 18+ mph on a bike, you don't feel yourself getting burned until it's way too late. I apply waterproof sunscreen before I start a ...
by NoVa Lurker
Fri May 05, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 211
Views: 16322

Re: Buying a luxury car (how dumb would it be to do this?)

I'd ask what state you live in, because in Va. we tax the heck out of cars annually. But most states not so bad. This was my thought as well. In Virginia, our municipalities tax vehicles annually - yes, every year - at 4.57% of assessed value. The assessments are aggressive - a bit higher than what...
by NoVa Lurker
Wed Apr 12, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive mortgage banker at Citibank - what's the point
Replies: 14
Views: 1554

Re: Aggressive mortgage banker at Citibank - what's the point

Since you asked for a rate quote, he was doing his due diligence..he can't give you a true rate quote without knowing your credit score and portfolio...if you had a 530 when he quoted you 4% with no points and 0% origination may not be true as that rate is now 3 points...so if you wanted a rate quo...
by NoVa Lurker
Mon Mar 27, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 7392

Re: Massive Student Loan Debt - Girlfriend

Just think of her as making $35,000 per year instead of $55,000 (or just subtract out whatever the payment might be). Would you break up with her if she was hardworking but simply made less of an annual salary? This was my reaction. Even putting aside the federal loan forgiveness, this is a one-tim...
by NoVa Lurker
Mon Mar 27, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 3047

Re: Child Planning Checklist

Start interviewing pediatricians as soon as you can; there are a LOT of well baby checkups and vaccinations the first year! If you can, talk to all of the doctors and nurse practitioners in the practice since your pediatrician won't always be available in an emergency. This is the one thing I wish ...
by NoVa Lurker
Thu Mar 09, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: New or CPO sedan or cross-over for family of four
Replies: 12
Views: 831

Re: New or CPO sedan or cross-over for family of four

If this is a daily commuter, I would definitely stick with a sedan. Sounds like you're early in the process, so just go to dealerships and test drive a few different cars, which will help start to narrow it down. My own preference for the commuter car is just something that is as reliable as possibl...
by NoVa Lurker
Wed Mar 08, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15607

Re: How Much in Your Emergency Fund And Is It Used?

I dont keep an emergency fund. Instead I have "cash reserves". I keep it in a band of $15K and $60K with the target being $40-50K. If the balance drops below $40K I prioritize rebuilding the cash reserves. If it goes over $50K I tend to invest it unless I know I have a big expense coming ...
by NoVa Lurker
Thu Nov 10, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Age 60, about to retire
Replies: 13
Views: 2937

Re: Age 60, about to retire

You are a bit young yet, but perhaps consider a SPIA (single premium immediate annuity-no other kind) in 10-20 years for fixed income to cover basic needs. You don't need a SPIA with that amount of assets, but it would be a great sleep-well portfolio. I would edit this to simply say, "You don'...
by NoVa Lurker
Fri Sep 16, 2016 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Am I making the right decision? [staying at current job]
Replies: 13
Views: 1110

Re: Am I making the right decision?

As someone who took a 70% pay cut for a (much) better work environment, I'd say accept the better job and give your notice today!
by NoVa Lurker
Fri Sep 16, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: How to fix doors that don't close after new carpet installation
Replies: 36
Views: 2967

Re: How to fix doors that don't close after new carpet installation

If it only is a little, you might try loosening the screws holding the hinges to the frame a little, raising the door as much as you can, then re-tightening the screws with the hinges tilted or raised a little to hold the door a little higher. +1. I am surprised it took this far down the thread for...
by NoVa Lurker
Mon Sep 12, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Toyota, Honda, Nissan or Chrysler Minivan?
Replies: 43
Views: 4745

Re: Toyota, Honda, Nissan or Chrysler Minivan?

Bought a 2015 Odyssey new last year due to birth of 3rd child. Already been on 2x 800 mile trips. Great vehicle. Same as us - 2015 Odyssey due to 3rd kid, we don't put a ton of miles on it, but it has been fantastic on a couple of road trips. We removed the middle seat in the middle row (it comes r...
by NoVa Lurker
Tue Sep 06, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting lake property with 2 other siblings
Replies: 60
Views: 5385

Re: Inheriting lake property with 2 other siblings

Somewhat 'been there' and kind-of have 'done that.' I put our story at the bottom of this post.... It sounds like you don't need any money from your wife's inheritance, and you should keep that in mind. So there is really no problem here, unless you and your wife make it a problem. People get attach...
by NoVa Lurker
Mon Aug 22, 2016 11:12 am
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 5308

Re: Tips for a 1000 miles car trip with toddler and baby

Yep, we have done this twice round-trip. First with 3.5 yr old and 8 month old, then with 4.5 year old and 20 month old. It's not easy, but it beat the alternatives for us. It helps that my wife and I both like driving, and we can both take two-hour naps in the car, and then wake up feeling okay. Al...
by NoVa Lurker
Mon Aug 22, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Why don't ultra high net worth athletes just use a 3-fund portfolio?
Replies: 30
Views: 2904

Re: Why don't ultra high net worth athletes just use a 3-fund portfolio?

Now Tim Duncan on the other hand...... This made me laugh. Duncan's probably all in muni's. He might be now, but not when he was younger - this lawsuit got a lot of coverage, not sure how it ended up: "Duncan, 38, said he met Banks during his rookie year in 1998. At Banks’s urging, the athlete...
by NoVa Lurker
Thu Aug 18, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Little-used second home: sell at a loss or rent?
Replies: 26
Views: 2435

Re: Little-used second home: sell at a loss or rent?

We were in a very similar boat. Our "sunk cost" (original purchase price plus improvements) was around $300k. The property just didn't make sense for us anymore, even though we had paid off the original loan. Earlier this year, we made a decision to sell at a loss, thinking that the market...
by NoVa Lurker
Fri Aug 12, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: Busch gardens & Water Country, Williamsburg - Suggetions
Replies: 19
Views: 981

Re: Busch gardens & Water Country, Williamsburg - Suggetions

Are you going in the next few weeks? How old are your kids? Really, the "must-do's" are the two parks you mentioned. We have annual passes and live about two hours away, so we get down there a few times a year. Our boys love it. In the summer, we like going to Water Country in the morning ...
by NoVa Lurker
Wed Aug 03, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: To Lasik or not?
Replies: 34
Views: 2352

Re: To Lasik or not?

I had LASIK in 2008, and I have been SO happy with it. Possibly the best thing I have ever done for myself, since I hated both glasses and contacts. The process was a bit terrifying, and it took me two days to actually have clear vision, but it's been 8 years now without glasses or contacts, and no ...
by NoVa Lurker
Thu Jul 21, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3551

Re: Orlando Disney Parks

What are the cons of keeping it most flexible? I could think of extra cost and non availability of FastPass+. Okay, I'll add some detail around "extra cost" and some other obvious cons: --flights will likely be more expensive if you wait until two days prior as suggested --you won't be ab...
by NoVa Lurker
Tue Jul 19, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: What to do with a bit of extra money each month? (UPDATED)
Replies: 41
Views: 3493

Re: What to do with a bit of extra money each month?

With more than 26 years left on the mortgage at age 41, I'd put any extra funds to the mortgage. On one hand, you have plenty of home equity and the mortgage interest rate is not that high. But on the other hand, you are 41 and you have a $385,000 loan that you're repaying over the next 26.5 years. ...
by NoVa Lurker
Tue Jul 19, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: Traveling to DC
Replies: 32
Views: 2032

Re: Traveling to DC

The Smithsonian museums along the National Mall are good to visit and would be a nice, indoor spot given the weather forecast, but you'd need at least a half day for each museum IMHO. It's true that the Smithsonian museums are free, generally worth visiting, and generally require time to explore th...
by NoVa Lurker
Mon Jul 18, 2016 8:05 am
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3551

Re: Orlando Disney Parks

Seems like a good start. You can buy tickets on Disney's site, or you can go to undercovertourist.com for a bit of a discount. Booking straight from Disney is quicker and easier, but I would have no worries booking from undercovertourist. I think most other ticket brokers are not recommended. One th...
by NoVa Lurker
Mon Jul 11, 2016 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: S&P500 vs 3.5% Guaranteed
Replies: 22
Views: 3082

Re: S&P500 vs 3.5% Guaranteed

But my attempts to simplify and optimize might have caused some serious compounding losses. :( To be clear, you didn't lose anything. You could say you lost opportunity, but some investments will always earn a higher return than others, post facto. Now, if you end up having trouble cashing out of t...
by NoVa Lurker
Mon Jul 11, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: S&P500 vs 3.5% Guaranteed
Replies: 22
Views: 3082

Re: S&P500 vs 3.5% Guaranteed

This Stable Value is insured by insurance companies thru GIC's and every quarter they release what the rate is gonna be, it has historically been great and even has beaten a fund like total bond for the past 5, 10 years. 3% is an unusual rate to get from that kind of fund these days. It would have ...
by NoVa Lurker
Wed Jul 06, 2016 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Townhouse VS Stand Alone House ?
Replies: 8
Views: 1036

Re: Townhouse VS Stand Alone House ?

We bought a SFH, after considering townhomes. This is in Northern Virginia, just over the river from DC. We had friends in the area who bought new million-dollar townhomes with thousand-dollar HOAs, and we thought they were crazy. Our home was built in 1947 - very cute with a big yard, lots of updat...
by NoVa Lurker
Wed Jul 06, 2016 8:03 am
Forum: Personal Consumer Issues
Topic: Alternatives to Traditional Pasta?
Replies: 52
Views: 3690

Re: Alternatives to Traditional Pasta?

If I were making OP's salad, I would drop the tortellini and add grilled chicken (cut into bite-size pieces) and black beans instead.
by NoVa Lurker
Tue Jul 05, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Zero bonds at 38 yo... and no plans to buy any
Replies: 68
Views: 5813

Re: Zero bonds at 38 yo... and no plans to buy any

What many people 'learned' from 2008-2012 was that equities can suffer dramatic fluctuations, including a massive downward spiral that can last a few years, but equities will eventually rebound, so you will be okay if you don't immediately need the money and if you just have the stomach not to sell ...
by NoVa Lurker
Tue Jun 28, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage immediately? Or keep plugging along?
Replies: 57
Views: 5152

Re: Pay off mortgage immediately? Or keep plugging along?

Maybe I should put all these answers in a blender and get a mix. I like Dulocracy's approach. $115k cash pile -$20K for EF -$30-$45K house repair (kitchen needs work, plus other things) -$50-65K to investments....maybe $10K each to kids college to boost those, then the other $30-45K to taxable. Van...
by NoVa Lurker
Thu Jun 09, 2016 2:29 pm
Forum: Personal Consumer Issues
Topic: Battery Life - 2008 Toyota Hybrid Camry
Replies: 26
Views: 2382

Re: Battery Life - 2008 Toyota Hybrid Camry

As a side note - With a battery costing $4500 sounds like having the hybrid is a wash from a cost perspective if you are doing mostly city driving. Assuming an average $3 per gallon price over the last 8 years. Cost of Gas for 2008 Camry Hybrid @ 100,000 miles at 33 miles/gallon: $3*100,000/33 = $9...
by NoVa Lurker
Thu Jun 09, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: I need some help to understand why I should invest in bonds at such a young age
Replies: 235
Views: 16346

Re: I need some help to understand why I should invest in bonds at such a young age

You mention "a very long time". Are you prepared for the stuff before 20 years? You are young and could have some major life changes ahead. Where is the "OMG, we are having triplets" fund, or the "Now I need a new car" fund? Or perhaps the "and a bigger house fund...
by NoVa Lurker
Mon Jun 06, 2016 8:30 am
Forum: Personal Consumer Issues
Topic: Vehicle for tall person and rear-facing child car seat?
Replies: 22
Views: 2301

Re: Vehicle for tall person and rear-facing child car seat?

With your first kid, you will most likely put the car seat in the middle of the row (i.e., not behind either the passenger or driver seat), so there should be no issue, even when rear-facing. Just look for any car that has LATCH for the middle seat (which should be almost all newer cars, I think). O...
by NoVa Lurker
Wed Jun 01, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: 529 Contribution Limits
Replies: 6
Views: 903

Re: 529 Contribution Limits

Isn't there a limit to state tax benefit? Say, only the first $5,000 per child per year? $4k per child per account , with unlimited carryforward to future years. My understanding is that you can't open two accounts with identical investment options for this purpose, but if you have, say, a stock ac...
by NoVa Lurker
Tue May 31, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Low Int. Car Loan or Pay Down Home Loan
Replies: 6
Views: 737

Re: Pay off Low Int. Car Loan or Pay Down Home Loan

First assume you have a 6 month emergency fund, Pay off the Car, then put the auto payment into a saving account for the next vehicle purchase so you can pay cash. Once you have a good amount in the vehicle fund, the start paying down the mortgage. This is exactly what my wife and I are currently i...
by NoVa Lurker
Thu May 12, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate from our bank not matching the news
Replies: 12
Views: 1291

Re: Mortgage rate from our bank not matching the news

One thing you could consider is a higher "no fee" rate just to get through closing, and then refi with an online vendor. +1. We thought we had a good rate when we closed on our house six years ago. Since then, we have refi'd twice. In retrospect, we should have tried to do a no-cost mortg...
by NoVa Lurker
Tue Apr 26, 2016 7:36 am
Forum: Personal Consumer Issues
Topic: Best system for hanging pictures on plaster walls
Replies: 14
Views: 1191

Re: Best system for hanging pictures on plaster walls

I use a small drill, slightly smaller than the nail for a hanger; drill a hole angled downwards; hammer anchor in gently. Usually works fine. I'll second this method. We do the same for hanging light stuff (mostly unframed canvas prints) on the plaster walls in the "old part" of our house...
by NoVa Lurker
Tue Apr 19, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 103
Views: 13266

Re: mortgage pre payment, why?

Just as annuities are appropriate for some people and thought to be about the worst possible investment by others, there are reasons to not pay off a mortgage and general formulas do not apply to everyone. +1. There are lots of threads on Bogleheads like this one, which amount to OP saying, "I...
by NoVa Lurker
Mon Apr 11, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question: Renting out and renting
Replies: 7
Views: 617

Re: Tax Question: Renting out and renting

Short answer - probably, nothing will happen to your taxes except they will get more complicated! The longer answer would require a lot more information. But basically, it looks like your annual expenses related to the condo (which can include the interest on the mortgage, HOA, property taxes, depre...
by NoVa Lurker
Thu Mar 31, 2016 8:58 am
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 6836

Re: Do you pay for yardwork?

I do the weekly work myself. I like to mow. We have a little over 1/4 acre plot, but our house has a big footprint, we have a semi-circular driveway, lots of mulched, planted areas, etc., so the grass areas are not that big. We pay once a year, usually around $600, for some combination of tree-trimm...
by NoVa Lurker
Wed Mar 30, 2016 11:51 am
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 7406

Re: Europe Trip in August

Don't cancel if you're otherwise looking forward to it! Went to Italy, France and Switzerland in October 2001, after my friend found very cheap airfare. I remember how worried our families were, still shaken by 9/11. We had an amazing trip, and most of the touristy places were not that crowded. I am...
by NoVa Lurker
Wed Mar 30, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: How to decide how much to spend on a house?
Replies: 22
Views: 3636

Re: How to decide how much to spend on a house?

If I were you and had the money in non-retirement accounts, and were otherwise in good shape financially, I would probably spend the money to improve the commute, if the rest of your family is on board with moving. But you should understand that you are losing liquidity and probably taking on more r...
by NoVa Lurker
Tue Mar 29, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Competing Offers when Selling Home
Replies: 20
Views: 1618

Re: Competing Offers when Selling Home

Just put our vacation home on the market today; crossing our fingers that there will be interest. OP - Your problem is a good one to have!! My vote would be along the lines of what bigred77 suggested. It is hard for me to imagine any legitimate, prospective buyer who will take the trouble to bid and...
by NoVa Lurker
Tue Mar 08, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: We paid off our mortgage ...what to do with the extra money each month?
Replies: 28
Views: 4415

Re: We paid off our mortgage ...what to do with the extra money each month?

"Whatever you do with the extra cash, TELL NO ONE about the paid-off mortgage," is the best advice in this thread. It also might be the hardest to follow.
by NoVa Lurker
Fri Feb 19, 2016 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Best Way to Save for New Larger House
Replies: 3
Views: 591

Re: Best Way to Save for New Larger House

I agree with your approach of paying down your mortgage. Even factoring in the tax benefit on mortgage interest, you're getting a no-risk return over 2.5% on amounts you pay off. Right now, any investment that beats that is going to come with risk, and you don't want to take much risk with funds tha...
by NoVa Lurker
Thu Feb 11, 2016 2:48 pm
Forum: Investing - Theory, News & General
Topic: The 10 Year Treasury is at 1.60
Replies: 25
Views: 2863

Re: The 10 Year Treasury is at 1.60

10 year treasury is down something close to 20% since Fed Funds rate was bumped up. What is the end result, at least right now, of the fed funds bump if all other interest rates are falling? It seems like it only hurt Borrowers borrowing off that rate and conversely helped commercial banks. If all ...
by NoVa Lurker
Thu Feb 11, 2016 2:40 pm
Forum: Investing - Theory, News & General
Topic: The 10 Year Treasury is at 1.60
Replies: 25
Views: 2863

Re: The 10 Year Treasury is at 1.60

patrick013 wrote:The rates can't go lower to "help" the economy
that's for sure.


Why not?
by NoVa Lurker
Thu Feb 11, 2016 8:35 am
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 59
Views: 5007

Re: Boglehead mentality re todays oil price

If you think the price of oil is bound to go back up, you may want to read the following before putting your money behind that bet: http://www.bp.com/content/dam/bp/pdf/speeches/2015/new-economics-of-oil-spencer-dale.pdf This is the Chief Economist of BP, making a solid argument that low oil & g...
by NoVa Lurker
Mon Feb 08, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Adult Coloring Books
Replies: 16
Views: 2310

Re: Adult Coloring Books

I have no experience with adult coloring books, but I can see the appeal. When I offer my four-year-old son a bunch of options of what to do together (read, play soccer, build something with legos, etc.), I have been surprised to realize recently that I always hope he picks coloring. It's very relax...
by NoVa Lurker
Mon Feb 08, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 12652

Re: Sibling's destination wedding?

As long as your spouse is okay with spending the money, I would go, bring your whole family, and just look for some ways to limit the cost. This is your sibling, and it really is a once-in-a-lifetime thing.
by NoVa Lurker
Wed Feb 03, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 4268

Re: Anybody budget for daycare like it is college?

I don't have kids, but my wife and I have one on the way so we will be facing this issue head on. My main question as we address this is "what do the people who can't afford college-tuition-level daycare expenses do for their kids?" Just because I can afford it doesn't mean every problem ...

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