Search found 1608 matches

by an_asker
Tue May 23, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 11
Views: 489

Re: Contribution pre/post/Roth?

[...]My main question: is it okay to leave as Roth 401(k)? That seems the best option to me, but would love to hear any thoughts as to changing it to pre- or post-tax 401(k). [...] One suggestion from a Boglehead that I'm leaning towards: Putting all contributions just to the 2055 (or similar) targ...
by an_asker
Tue May 23, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 1990

Re: What to do w/ $60k Lump Sum?

[...]While all the options presented are viable, I am curious about your personal circumstances. How long have you been in the workforce? What is your income/savings range? Do you have an emergency fund? Retirement account? ... Besides, I thought that you need to be at 20% LTV to get rid of PMI. An...
by an_asker
Tue May 23, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 18
Views: 1058

Re: Need advice from FF miles experts

This business of putting "real value" in redemptions on very high priced tickets is difficult to parse. As a theoretical computation there is no argument. The dilemma is that unless the purchaser would readily actually pay that price, then, for that ticket, it doesn't mean anything. It is...
by an_asker
Tue May 23, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 1990

Re: What to do w/ $60k Lump Sum?

I'd go for getting rid of the PMI first. Why because you are paying 192 each month, so 2304 goes to this. Divide by 45K, and this turns out to be effectively a loan at 5.12%. As the amount of money needed to get rid of PMI decreases over time (as you have more equity) effectively this interest rate...
by an_asker
Tue May 23, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Missed window for selling Fairholme Fund (FAIRX)?
Replies: 25
Views: 783

Re: Missed window for selling Fairholme Fund (FAIRX)?

I've been there done that. So, my suggestion is that you need to sell AND not look back. Without even knowing where you are in your life cycle, I am saying this - why? - if you're just (or recently within the past decade) starting out in your career, 50% of your retirement is not a major issue even...
by an_asker
Mon May 22, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7260

Re: Net worth is overrated

House Blend wrote:
Tycoon wrote:
mlebuf wrote:
House Blend wrote:+1. I have no use for net worth.


If anyone has no use for their net worth, I'll be happy to receive it. :sharebeer


That makes two of us.

Did I forget to mention that my net worth is negative? ;-)

I want to see this transfer of wealth ;-)
by an_asker
Mon May 22, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Missed window for selling Fairholme Fund (FAIRX)?
Replies: 25
Views: 783

Re: Missed window for selling Fairholme Fund (FAIRX)?

Without any knowledge of how it fits into the rest of your portfolio it is difficult to provide much input. A 10% NAV change is not significant enough for me to hold onto something that I want to dump, but I understand that it is tough to sell after the price has dropped. It depends on how badly yo...
by an_asker
Mon May 22, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: HSA and FSA at the same time
Replies: 8
Views: 678

Re: HSA and FSA at the same time

I have spoken to them. They don't offer an HSA directly through the company. They were unaware that I could open up one on my own and are unsure of the eligibility or exactly how it works. They are going research. Looks like HR everywhere are cut of the same cloth. One would've assumed that they wo...
by an_asker
Mon May 22, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Real Estate vs Stock Market Thread
Replies: 38
Views: 2391

Re: Yet Another Real Estate vs Stock Market Thread

$600,000 Investment [...] 9% management company fees (% of rental income) --> a mistake; do you own work $7,560 management company fees [...] $50,340 total expenses --> without checking all your math, remember to deduct all expenses $33,660 NOI :happy You forgot inflation on leverage. Let's say you...
by an_asker
Mon May 22, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7260

Re: Net worth is overrated

Bottom line: Just because one's net worth has a comma, or two, or three, does not really mean that one is better off than someone else who has (comparatively speaking) a net worth with zero, one or two commas. And vice versa, of course :-) All valid points. But I would like you to show me ONE examp...
by an_asker
Mon May 22, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 18
Views: 1058

Re: Need advice from FF miles experts

It depends if you are likely to have a need for higher priced tickets. As an example, we are using 85k points each, to fly from the USA to Japan, First Class on Japan Air Lines. ("Cash price" of that varies between about $12k-17k *each*, depending upon when I look. But we would *NEVER* co...
by an_asker
Mon May 22, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 18
Views: 1058

Re: Need advice from FF miles experts

It depends if you are likely to have a need for higher priced tickets. As an example, we are using 85k points each, to fly from the USA to Japan, First Class on Japan Air Lines. ("Cash price" of that varies between about $12k-17k *each*, depending upon when I look. But we would *NEVER* co...
by an_asker
Mon May 22, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: HSA and FSA at the same time
Replies: 8
Views: 678

Re: HSA and FSA at the same time

I have spoken to them. They don't offer an HSA directly through the company. They were unaware that I could open up one on my own and are unsure of the eligibility or exactly how it works. They are going research. Looks like HR everywhere are cut of the same cloth. One would've assumed that they wo...
by an_asker
Mon May 22, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7260

Re: Net worth is overrated

I don't know that I agree. If I could only track one financial metric for my household, I'm pretty sure net worth would be my choice. I'm not saying it's perfect. I'm not saying in isolation it is a good comparative metric to decide one household is "doing better" than another. But I do t...
by an_asker
Mon May 22, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7260

Re: Net worth is overrated

marti038 wrote:Perhaps it would be more accurate to say that net worth is relative to one's personal circumstances?

Yes, that would be a very good summary :-). I just felt like a long essay after a weekend of no posts (from me)!! :sharebeer
by an_asker
Mon May 22, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 18
Views: 1058

Re: Need advice from FF miles experts

I'm happy at 1.5 cents / ff mile irregardless of cost. I use my miles if the cost is more than 1 cent/ff mile. In other words, let's say that I'm looking at a round-trip fare of $250 vs. using 25,000 miles - that would be my break-even point. If it costs $300, then I use the miles. If it costs $200...
by an_asker
Mon May 22, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Present value of COLA pension
Replies: 18
Views: 1067

Re: Present value of COLA pension

I'm just curious how I could calculate the present value of my military pension. It's $45,000 / year with COLA with 55% survivor benefit. I used immediate annuity to calculate the non COLA value, but can't find a place to get a quick quote on a COLA annuity. This is just a curiosity thing. What a c...
by an_asker
Mon May 22, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 70
Views: 7260

Net worth is overrated

I get it that it is nice to look at one's net worth and be happy when you turn over the number of commas, i.e., go from zero to one to two and so on. However, we/I tend to pay much more importance to net worth than we/I should be. I got this brainwave only over this weekend that net worth is really ...
by an_asker
Sun May 21, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 52
Views: 4941

Re: Milestone and not peeking. . .

[...]I'm also hoping this will encourage the younger folks (I'm 52 will be 53 in June) who are just starting out and/or feel they are starting late. I didn't start until I was in my early 30s and did everything wrong for the first several years.[...] Congatulations on your reaching the milestone! T...
by an_asker
Fri May 19, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: What are the powers of HR in a company?
Replies: 40
Views: 2997

Re: What are the powers of HR in a company?

The last thing I remember the HR lady telling me after she'd hire me. "If you're half the worker your father was, then we've made a great investment". Thus I became a commodity for the company, or a company man. Just like my dear late father did. But he worked 17 years longer than I had t...
by an_asker
Fri May 19, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 52
Views: 4941

Re: Milestone and not peeking. . .

Just a note that, IMHO, returns are a function of asset allocation. Obviously, 100% equities for the past 8 years will have a higher return than 80/20 or something similar. Plus, the amount of international (if any) will also affect returns. Since total market index funds reflect the returns of the...
by an_asker
Fri May 19, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 52
Views: 4941

Re: Milestone and not peeking. . .

[...]I'm also hoping this will encourage the younger folks (I'm 52 will be 53 in June) who are just starting out and/or feel they are starting late. I didn't start until I was in my early 30s and did everything wrong for the first several years.[...] Congatulations on your reaching the milestone! T...
by an_asker
Wed May 17, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a Late Medical Bill
Replies: 22
Views: 1463

Re: Challenging a Late Medical Bill

[...]When I was an in-network doctor with insurance plans, my record was 18 months to get a claim adjudicated. Only after they finalized the claim was I able to know how much to bill the patient for their part. This was for a 10 hour surgery.[...] As patients, my wife and I beaten your record twice...
by an_asker
Wed May 17, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a Late Medical Bill
Replies: 22
Views: 1463

Re: Challenging a Late Medical Bill

My wife gave birth to our first child approximately two years ago. Because of unforeseen complications during delivery, the baby was rushed to the NICU soon after birth and stayed for roughly a month. Thankfully, and most importantly, today the baby is doing great. Insurance covered virtually all o...
by an_asker
Wed May 17, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1450

Re: Selling rental condo - capital gains even though selling at same price??

The depreciable basis of a personal property converted to rental use is the lesser of cost basis or FMV on the date of conversion. https://www.irs.gov/publications/p527/ch04.html#en_US_2016_publink1000219151 Agreed. However, to determine whether there is a profit/gain, the original purchase price i...
by an_asker
Wed May 17, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1450

Re: Selling rental condo - capital gains even though selling at same price??

If cap gains was only based on the value of the service date, then a you could buy a property for 200K, live in it for 30 years as it appreciates to 1M, convert it, and sell a year later at 1.05M, paying gains on 50K instead of 850K! There is a reason you cannot do it (or at least that's my underst...
by an_asker
Wed May 17, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2107

Re: Is it legal to use a first mortgage for an investment property?

I've never called or informed the mortgage company after legitimately living in a home and subsequently making it a rental. Now when it comes to doing a refinance on the property which is now a rental with the same lender, we of course did have to go with the non-owner occupied mortgage. So now tha...
by an_asker
Tue May 16, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1450

Re: Selling rental condo - capital gains even though selling at same price??

If cap gains was only based on the value of the service date, then a you could buy a property for 200K, live in it for 30 years as it appreciates to 1M, convert it, and sell a year later at 1.05M, paying gains on 50K instead of 850K! There is a reason you cannot do it (or at least that's my underst...
by an_asker
Tue May 16, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2107

Re: Is it legal to use a first mortgage for an investment property?

I've never called or informed the mortgage company after legitimately living in a home and subsequently making it a rental. Now when it comes to doing a refinance on the property which is now a rental with the same lender, we of course did have to go with the non-owner occupied mortgage. So now tha...
by an_asker
Tue May 16, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Use of Drivers License for air travel
Replies: 20
Views: 1701

Re: Use of Drivers License for air travel

As discussed before, many states' drivers licenses are not compliant with DHS air travel future requirements. In my state, I see that the Virginia drivers licenses will be compliant in 2020, so if you want to use it for air travel, you will need to get a new one by then. [I notice mine expires in 2...
by an_asker
Tue May 16, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2107

Re: Is it legal to use a first mortgage for an investment property?

Not to be a jerk but...what business is it of yours? That was going through my head too but I chose to treat it as an honest question. :wink: An honest question could've been asked without referring to that other person. Oh well! :oops: And just to answer OP, I asked my lender (PenFed) and was info...
by an_asker
Tue May 16, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Selling rental condo - capital gains even though selling at same price??
Replies: 23
Views: 1450

Re: Selling rental condo - capital gains even though selling at same price??

Your basis for determining gain is $170k (plus improvements) minus depreciation. Your basis for determining loss is $80k (plus improvements) minus depreciation. Sounds like you will only have some gain related to depreciation recapture. A sales price between these points results in no gain or lose....
by an_asker
Tue May 16, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6225

Re: What Will Burst the Next Bubble?

Don't know if it will be tomorrow or ten years from now, but you can bet your last cent on one thing. When it does happen, there will be tons of articles and books by folks who will claim to have predicted it and saying that only a blind investor would have missed the obvious signs of a market top. ...
by an_asker
Sun May 14, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fee to close credit card?
Replies: 15
Views: 1475

Re: Fee to close credit card?

It's definitely not in the bank's best interest for you to close the card. If you close it they can no longer make money off of you/that card. But it costs them money to maintain the account. I have had a number of cards over the years that I stopped using and were subsequently closed by the issuer...
by an_asker
Sun May 14, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Has Your Number Changed Over Time?
Replies: 11
Views: 1397

Re: Has Your Number Changed Over Time?

It tracks inflation. You might be disappointed that after while one's salary also tracks inflation with no significant real increases. I'll agree that inflation may be part of the perceived increase, however I think there is something else involved in the "moving goal line" feeling that s...
by an_asker
Thu May 11, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4362

Re: Can you suggest a mortgage lender who does not resell

freddie2011 wrote:[...]So, this time around I am trying to find a bank or credit union that holds their mortgages in house. Our credit union did this for years, but now bundles and sells.

Can anyone steer me to such a place or don't they exist anymore? Thanks

Penfed aka Pentagon Federal Credit Union
by an_asker
Wed May 10, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Employer health insurance - traditional vs. high deductible
Replies: 17
Views: 1072

Re: Employer health insurance - traditional vs. high deductible

+1 to most responses above.

If the HDHP is indeed more expensive than the HMO, it is a no-brainer. Get (stick with) the HMO.
by an_asker
Mon May 08, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: College Reunion Vacation
Replies: 13
Views: 740

Re: College Reunion Vacation

With families, toddlers, kids, and whatever, I would suggest that you all don't rent a large beach house. Instead, find a beach complex that has multiple condominiums in the same building that also has a swimming pool. There are several advantages to this: This is a great suggestion. I agree with a...
by an_asker
Thu May 04, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 21
Views: 1060

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

Dear Bogleheads, We are planning a family vacation to a beach area during the Christmas holidays this year. We hope to rent an Airbnb condo on a beach somewhere. We plan to fly there from the Northeast. Does anybody have any good places they can suggest? Idea is to spend time on the beach and not d...
by an_asker
Thu May 04, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 16925

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

Can you afford it? I doubt anybody is going to say no. Should you? I wouldn't, but I am one who views cars as appliances. This is a decision which isn't really about money (there is plenty). +1! It is a personal decision. Try this trick that I learned somewhere (I've suggested this on a different t...
by an_asker
Thu May 04, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Road trip to western states
Replies: 38
Views: 1997

Re: Road trip to western states

My wife and I would like to take a driving trip out west to see, well, whatever it is that people love out there. The Grand Canyon, national parks, Rocky Mountains, and anything and everything else there is to see. Being from the Chicago area and never going further west than Iowa, I know there is ...
by an_asker
Thu May 04, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3056

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

What field is your wife planning to get her PhD in? Attempting a non-fully funded PhD is generally not viewed as a good idea. Taking on debt for it is a huge red flag. https://www.insidehighered.com/blogs/gradhacker/unfunded-phds-go-or-not-go I agree. Besides, for the 20 hours of work, shouldn't sh...
by an_asker
Thu May 04, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: New job, FSA ?
Replies: 10
Views: 671

Re: New job, FSA ?

nolesrule wrote:You need to make sure that your health plan qualifies you for an HSA. Just because it has a high deductible doesn't necessarily mean it meets the requirements.

+1! That's exactly right; especially since OP's plan is offering a (no-strings mentioned) FSA, it does not appear to be an HDHP.
by an_asker
Tue May 02, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Managing finances for a new Indian immigrant parent
Replies: 11
Views: 1097

Re: Managing finances for a new Indian immigrant parent

Background: Mother/72 is widowed and moved with me in USA since 2015. My mom has ~USD 75k in stocks and ~ USD 100k in savings (all in Indian rupees). Additionally, she has a family house and shop, that are on rent. Her immediate living expense is primarily her health insurance cost. Eventually, I'd...
by an_asker
Tue May 02, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: New heat pump - decision time (Central FL) [thanks for referrals]
Replies: 33
Views: 1773

Re: New heat pump - decision time (Central FL) [thanks for referrals]

Ladies and gentlemen: We have a functional HVAC system in the house as of the weekend :-) It is a 3.5 ton/16 SEER Trane heat pump and it is a blessing after a week of no A/C and Florida temperatures (the couple of weeks before, the heat was not intolerable, but this last week was a pain). Thanks to ...
by an_asker
Tue May 02, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 3846

Re: Buying first home with old hvac

deanbrew wrote:[...]My inclination is to "say no" to any buyer who wants to negotiate the deal after we have negotiated the deal.

That's exactly what I was getting at in the last paragraph of my previous response!
by an_asker
Tue May 02, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 3846

Re: Buying first home with old hvac

[...]the price is negotiated prior to inspections. If the inspection happens and things are at end of life like the roof or HVAC yes, I expect to be able to negotiate something on those. I don't think that is unreasonable. You can't expect to command full price on a previously negotiated item to la...
by an_asker
Tue May 02, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 3846

Re: Buying first home with old hvac

I think the seller would be nuts to negotiate on this. You'd be asking them to lower the price due to a functional air conditioner. What's next, is the roof keeping out too much rain? No. They'd be asking for a lower price based on an older than anticipated HVAC system. The same often gets done for...
by an_asker
Tue May 02, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 3846

Re: Buying first home with old hvac

OP: Personally, I don't think it is "right" to try to renegotiate the purchase price of the property after you've once agreed. That is unfair to the seller. Not that it does not happen; just that I wouldn't do it. [...]I saw mention of a home warranty, paid for by the seller. I personally ...
by an_asker
Tue May 02, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8622

Re: Dealing with regret

I remind my parents often that the best problems are money problems because you can solve it with money. Many people have problems with health, relationships, death and other that cannot be solved with money. My late father's favorite quote (I don't know if he made it up, or if some more famous per...

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