Search found 1021 matches

by awval999
Thu Dec 07, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5548

Re: Mortgage as percentage of take-home pay

KlangFool---

Is rapid mortgage payoff (10 years instead of 30 years) considered savings?
by awval999
Wed Dec 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5548

Re: Mortgage as percentage of take-home pay

Question for the board... Does the answer change if the mortgage is: 30 years? 15 years? 10 years? Is the shorter term more of a "forced savings"? Example. Boglehead Joe has a 30 year mortgage at 25% of take-home pay. Boglehead Jane has a 10 year mortgage at 34% of take-home pay. Who's the better bo...
by awval999
Sat Dec 02, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5106

Re: How do I convince my employees to invest more?

Feel free to increase the match. Or have an investment rep (whatever provider you use) come in for an optional educational session.

But at the end of the day. It’s their money. They earned it. You cannot control what they do with it.

You can’t do much more than that.
by awval999
Sat Nov 11, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 1632

Re: Rapidly pay down student loans prior to house?

117,000$ in student loans at 7.2% is just so outrageous I just would pay them off immediately. Have you considered that? You already have a $30k emergency fund and are living with parents. So I really don’t know what an emergency would be anyway. I would then start saving for the next 2-3 years for ...
by awval999
Thu Nov 02, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 4200

Re: what % return do you use?

I have it ran with 2 projections:
1. 4% real
AND
2. 5% real
by awval999
Sun Oct 29, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Breaking point to get a new to newish car
Replies: 59
Views: 3486

Re: Breaking point to get a new to newish car

The breaking point for me, is that the car is done the moment it would leave me stranded on the highway (obviously blown tire excepted). You have a fancy BWM 335. So yes, it's going to need expensive servicing. However, a brand new 335 is what, $50k? So $1-2k here and there is nothing in the grand s...
by awval999
Wed Oct 25, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Financing with no Credit Score
Replies: 30
Views: 1615

Re: Mortgage Financing with no Credit Score

You are being denied for credit cards because your credit reports are frozen.
by awval999
Sat Oct 21, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5123

Re: Paying for medical school for son?

He is not an only son. I also have a daughter who is three years younger. She has also expressed an interest in medical school. My intent has always been to help them get through school and start their careers debt free. What got me thinking about this is reading examples where massive medical scho...
by awval999
Wed Oct 18, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 3904

Re: Is a doctor's practice one of the safest and most profitable businesses?

Oh man. Can't wait for the responses on this. "So for doctors, high/constant demand (no matter the economic climate) + high payments from insurance companies per visit/procedure + high margin = one of the safest and most profitable businesses? Am I missing anything else here?" Just for starters, thi...
by awval999
Sun Oct 15, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 1
Views: 237

Re: Life Insurance

Don’t forget to account for Social Security survivors benefits.

You may find you don’t need the additional insurance.
by awval999
Thu Oct 12, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 53
Views: 3946

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

It appears you're a points hacker, so I'm going to tailor the recommendations that way. Let's start with Oahu. You asked for a contrast with Kauai. And Oahu it is. I personally love Oahu. I love the hustle and bustle of Waikiki. I love the fact that there is a Category 3 (12,000 pt/nt) Hyatt Place. ...
by awval999
Tue Oct 10, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: 401k Loan and Employer Match
Replies: 6
Views: 594

Re: 401k Loan and Employer Match

I have a 403b loan through Fidelity.

My plan allows a direct debit through my checking account (instead of withheld by paycheck).

I'm sorry about your family's medical issues. I hope everything turns out ok!
by awval999
Sat Oct 07, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment- Is refinancing a good option?
Replies: 2
Views: 273

Re: Student Loan Repayment- Is refinancing a good option?

Pharmacist here.

Nice story.

Down to my last 15 payments.

Cannot wait for this struggle to be over.

(You need to remove your referral links tho)
by awval999
Tue Oct 03, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 56
Views: 4800

Re: Soliciting personal recommendations for a Barcelona trip

We're days away from going. The news is not indicative of a serene environment as bloodshed in the streets of Barcelona is prevalent. If they start shooting at each other in earnest, then I will cancel and lose the money spent on the trip as there is no reason to endanger my family needlessly. Here...
by awval999
Thu Sep 28, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15681

Re: Why do you LBYM? Why do you save and invest?

I save/pay off debt because it is freeing. No matter how well I can do my job, I'm at risk until I'm debt-free and financially independent. I truthfully do not understand how others can borrow for a larger house, nicer car, max out the credit card. To me you are selling yourself further into servitu...
by awval999
Fri Sep 22, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5632

Re: $3.6 million at age 25 - need investment advice

I mean, you don't really need to ever work again.

The dividend yield of the S&P500 is greater than your current annual income.
You can live forever off of that.
by awval999
Tue Sep 19, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 26462

Re: Calling out the not so rich bogleheads

Age 31 / DW 30 Student Loans ($61k) Investible assets $185k Net Worth $208k (includes home equity and car equity (you better damn believe I'm including paid off car equity, I love those threads!) The student loans are the bane of our existence. Can't wait to free up that cash flow. We dump $2500/mon...
by awval999
Wed Sep 13, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How much should a part-time RN make in Denver?
Replies: 9
Views: 1298

Re: How much should a part-time RN make in Denver?

Go to salary.com and put in zipcode.

It will at least give you a reasonable range.
by awval999
Thu Sep 07, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3894

Re: Should I do 20 or 25 Year Term Life Insurance?

I would do 20.

I got a 30 year, but got it at 27. Mine costs $60/month for same $1M. Those are good rates.
by awval999
Wed Aug 30, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Refurbished or New TV?
Replies: 29
Views: 1935

Re: Refurbished or New TV?

I mean TVs are so so cheap. I would just opt for new.

I would just wait for Black Friday / Xmas sales and get one for $500 or so. You can get a huge non-4k TV for dirt cheap. I would just do that.
by awval999
Thu Aug 10, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Investing In Water
Replies: 29
Views: 2905

Re: Investing In Water

uberational44 wrote:I have looked at the numbers and the logic behind a defensive investment in water is pretty interesting...

-It's one of the world's most valuable commodities
71 percent of all of the Earth is covered in water.

Sure, it's salty. But it can be desalinized if necessary.
by awval999
Wed Aug 09, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 8614

Re: Still Buying As planned Regardless Of The World Situation

I have personally increased my net worth substantially by taking on lots of mortgage debt, both before and after retirement. I do not understand why paying down debt is advantageous if the interest on that debt is 1/4 to 1/3 of the long term CAGR of equities. You are the right that it is mathematic...
by awval999
Sun Aug 06, 2017 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Do I need my term life insurance anymore?
Replies: 6
Views: 1081

Re: Do I need my term life insurance anymore?

The premiums seem high for the amount of coverage, but I guess that's because it pays out for disability and death of either one of you two. The answer to your question depends on if you would want your wife (or does she have the earning capability) to (re)enter the workforce. If you got hit by a bu...
by awval999
Thu Aug 03, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 24
Views: 2128

Re: Anybody with Student Loans applying for PSLF in October 2017?

In my opinion, do not worry about changes to the program affecting current borrowers. No one has proposed making any changes for anyone with existing loans. Because when they do, it will be done in the dark of night. Not one dime has ever been forgiven under any of these "plans". There's many "ways...
by awval999
Wed Aug 02, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Barcelona Hotel Recommendations
Replies: 30
Views: 2369

Re: Barcelona Hotel Recommendations

At that budget, in October, you may as well stay at the Hotel Arts Ritz Carlton.
by awval999
Mon Jul 31, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4225

Re: How do you decide if you can afford something?

bottlecap wrote:If you have to finance anything other than house, you can't afford it.

It's simple and true. You may not like it, but you can't get around it.

JT
With the exception of college/university, I'd agree with that.
by awval999
Thu Jul 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11733

Re: Do you count vehicle equity in net worth?

I do. However I do see the point when it becomes such a small part of your overall net worth what's the point, for example, home furnishings. No one really puts that stuff into their net worth. But, even for someone with $1MM net worth, an average $20,000 value new Camry/Accord/SUV etc is still 2% o...
by awval999
Sat Jul 08, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 7525

Re: How much of an increase of salary would you expect before switching jobs?

I think you're really just working more for the same actual pay. Old job: 3 Weeks Vacation / 52 Weeks in a year = 5.8% of your pay is vacation New job: 2 Weeks Vacation / 52 Weeks in a year = 3.8% of your pay is vacation Right here you lost 2% of your "raise" because you're working an extra week for...
by awval999
Sat Jul 08, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life Insurance
Replies: 8
Views: 624

Re: Transamerica Life Insurance

Anyone have life insurance with Transamerica? That's who mine is with, I noticed they have a B- rating with BBB, so I was kind of concerned about that; does the BBB (Better Business Bureau) rating mean much? A BBB rating has nothing to do with the company's financial stability. FYI their AM Best ra...
by awval999
Thu Jul 06, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 12497

Re: Long term care insurance - is it worth it?

Here's a question to ponder. Many feel that a reasonable Boglehead can self-pay for a year/two of nursing home care. Let's call it $60k/year, so a couple hundred thousand dollars. For most retirements, that's gonna hurt, for sure, but it will be like a rehabilitation. Break leg, hip, do some PT, see...
by awval999
Tue Jul 04, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 12615

Re: What do you splurge on?

Travel.
by awval999
Tue Jul 04, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains on a Stock
Replies: 9
Views: 759

Re: Capital Gains on a Stock

I can't imagine anything more risky than what you are currently doing. You have literally "won" the "game" and every day you hold 3.5MM of JNJ stock until the day you sell nearly all of it you are risking ruin. I usually laugh off the true believers that say you shouldn't own individual stocks, but ...
by awval999
Sun Jul 02, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 6174

Re: What are your health insurance stats?

I work for a health system. So the health insurance (of course you have to use the health systems' hospitals and doctors) is generous. As the above poster pointed out, this really isn't even insurance, it's simply health coverage . Premium: $200/month Self+Spouse Deductible: $0 Co-insurance after de...
by awval999
Thu Jun 29, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 21174

Re: Buying house - Very important decision

This is approximately what I make. Plan to go down to 1 income in the future with children.

Never would I consider a $500k+ mortgage. Never.
by awval999
Mon Jun 26, 2017 5:55 am
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 11403

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

I'm just curious what the PE8 is.

The PE10 takes into account two really bad years, 2008 and 2009. If those years were removed, would the PE8/CAPE number be reasonable?
by awval999
Sun Jun 18, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: How to apply for a credit card if I am a stay at home mom?
Replies: 5
Views: 972

Re: How to apply for a credit card if I am a stay at home mom?

http://files.consumerfinance.gov/f/2013 ... l-rule.pdf

You are able to use household income under the CARD act.
Instead of picking "unemployed" pick "other".
by awval999
Tue May 30, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 6453

Re: Do I deserve it?

Sure you "could" do it. After taxes, making $60k/year with standard deduction, 10% into 401k, health insurance, etc., I bet you only net net $40k/year. So do you really want to blow a years worth of net income on a car? To answer your question, no I would not buy a $35k car on a $60k salary while I ...
by awval999
Tue May 30, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 1078

Re: Should I move or not?

I think it's a lot of hassle to save $1000/month, and may even be less since you will no longer be deducing home interest, property taxes, etc. (By the way, what your tax refund was doesn't matter, it makes what your itemized deductions were that were above the standard deduction). Especially since ...
by awval999
Sun May 28, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 11825

Re: Play Money for Spouse....

knpstr wrote:With your presumed finances why not simply say to her she should spend everything she makes on herself?

or does she already do this and she is wanting money above this amount?
This.

Completely reasonable for you to say she can spend the $1000/month on her self.
by awval999
Mon May 22, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 52
Views: 4968

Re: Mexican Pacific Beaches

Re digestive issues in Mexico. It is know as the Mexican two step. Ha ha. Seriously tons of people from Arizona go to Mexico every year and almost no one gets sick anymore. It is very rare and cleanliness has gotten much better. Plus gringos have learned how to eat and drink in Mexico. The issue is...
by awval999
Tue May 16, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Leaving money in MA teacher pension, but never planning to draw pension?
Replies: 18
Views: 2204

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

I don't understand why you don't want to roll it over into an IRA where you can invest according to your asset allocation (80/20?) where your expected returns over the next 30+ years will be >3%.
by awval999
Wed May 10, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Please explain Gap insurance on a car
Replies: 11
Views: 1096

Re: Please explain Gap insurance on a car

If you put 25% down, I doubt you need Gap insurance. Really, all Gap insurance is for, is to make sure you don't have to write a check to the finance company if you total your 2-3 year old car and you're underwater on it and the insurance check for FMV doesn't cover the finance amount. So you could ...
by awval999
Mon May 08, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: My daughter Pepsi shares - where are they??
Replies: 4
Views: 1343

Re: My daughter Pepsi shares - where are they??

http://www.pepsico.com/Investors/FAQ Who is your transfer agent? Computershare 211 Quality Circle Suite 210 College Station, TX 77842 800-226-0083 (201) 680-6578 (international callers) Online inquiries: www-us.computershare.com/investor/Contact Website: www.computershare.com/investor I'd start here.
by awval999
Fri May 05, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1994

Re: Amex membership rewards help

This is wrong. The MR will expire if he doesn't have another MR card. Amex Everyday card is a CREDIT card, not a CHARGE card (they mean two different things in the points hobby). Yes, he can apply for the Everyday card, like the MR accounts and keep his MRs. He cannot cancel the Gold Biz until the ...
by awval999
Fri May 05, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1994

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card. You can call and ask for an annual fee waiver/credit/bonus miles. You could transfer the miles to Delta ($48 fee, excise tax). Delta miles have no expiration (for now). Those are the two best options at this point. De...
by awval999
Fri May 05, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1994

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card. We have the Amex Blue Cash (since 2009) and never paid a fee. That's a credit card. Sorry, I shouldn't be so loose with the credit card slang/lingo here in the Boglehead forum. Charge cards = paid in full each month (...
by awval999
Fri May 05, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Amex membership rewards help
Replies: 16
Views: 1994

Re: Amex membership rewards help

There's no free Amex charge cards, so he can't downgrade to a no annual fee card.

You can call and ask for an annual fee waiver/credit/bonus miles.

You could transfer the miles to Delta ($48 fee, excise tax). Delta miles have no expiration (for now).

Those are the two best options at this point.
by awval999
Fri May 05, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 37
Views: 3211

Re: Student loan debt, PSLF, planning for future

I would do REPAYE/PSLF for now and see if/when/how the Higher Education Act is reauthorized this year and what changes are made. Regardless of what I "expect" to occur, it doesn't matter, and isn't applicable to this forum anyway. However, I predict you'll at least "know" how to proceed within the n...
by awval999
Thu May 04, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for Mortgage Downpayment < 20%
Replies: 28
Views: 1957

Re: Strategy for Mortgage Downpayment < 20%

See if the lender offers LPMI (which is just a higher interest rate). LPMI is usually better than regular PMI as long as you don't plan to stay in the house for the full 30 years and make the minimum payments for the full 30 years. When I did the math for my situation a few years ago, breakeven with...
by awval999
Tue May 02, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Great knife for slicing limes and raw potatoes
Replies: 56
Views: 4045

Re: Great knife for slicing limes and raw potatoes

https://www.amazon.com/KitchenIQ-50009-Stage-Knife-Sharpener/dp/B001CQTLJM/ref=sr_1_3?ie=UTF8&qid=1493728750&sr=8-3&keywords=knife+sharpener Are you sure you just don't need a $6 knife sharpener? We have a $100 block of Target knives. They dull, but sharpen them once every other month and they can c...