Search found 165 matches

by chevca
Sat Aug 19, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refi for exterior home remodel?
Replies: 3
Views: 135

Re: Cash out refi for exterior home remodel?

Why refi? Why not a HELOC or HEL? Then you could just pay down the HELOC/HEL aggressively if you wanted to get rid of the payment.

I wouldn't get rid of 3.125% mortgage.
by chevca
Thu Aug 17, 2017 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Help with mortgage rates-closing soon!
Replies: 11
Views: 870

Re: Help with mortgage rates-closing soon!

You have a good rate. Just look forward to closing. :happy As said, you don't get to renegotiate your locked in rate . You do if it's in your contract: "We negotiated with our lender to adjust to low rate once before closing without incurring any additional cost." It sounds like the OP already did ...
by chevca
Wed Aug 16, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Does it work to avoid the $49.95 transaction fee?
Replies: 7
Views: 1840

Re: Does it work to avoid the $49.95 transaction fee?

Sorry, nothing to add. But, had to laugh about, itworks posting a "does it work" thread. Shouldn't you be telling not asking? :D
by chevca
Wed Aug 16, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: 30 Year @ 3.875
Replies: 5
Views: 864

Re: 30 Year @ 3.875

I am getting 30 year @3.875% interest for 425k mortgage with 20% down payment and 340k loan. Is it a good rate to lock it at present or should I expect lower rates? Thanks for your help Or, should you expect higher rates? No one knows. I'm guessing they'll stay pretty flat until you close... assumi...
by chevca
Wed Aug 16, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4433

Re: Best Housing To Avoid Noise

Very subjective. As I mentioned, road noise is a deal breaker for me. Never lived near a busy road before, so never knew. Knowing that now, I'm more observant of how many houses are on busy roads... I work in a big city and see all the houses and apartments on busy streets. Obviously, a lot of folks...
by chevca
Wed Aug 16, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 76
Views: 5361

Re: please help...am I overextended - first home

Did you make a decision? Don't leave us hanging. :happy
by chevca
Wed Aug 16, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4433

Re: Best Housing To Avoid Noise

What I gather from this is, there is noise everywhere... choose what kinds of noise you can tolerate and then choose where to live accordingly. :happy My family sold a house this year where the road noise was the primary reason we left... a 4 lane 35mph road where folks cruised more like 45 and abou...
by chevca
Wed Aug 16, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review For A Late Starter
Replies: 16
Views: 1209

Re: Portfolio Review For A Late Starter

OP, I'm really not seeing why you posted this. Just for confirmation? You seem to reject any and all advice and critiques. What is it you're hoping to gain from this thread if you know exactly what you want to do and don't want to change it? The tax advice is good stuff there. I like to think of it ...
by chevca
Wed Aug 16, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: How can I keep track of my monthly spendings?
Replies: 27
Views: 1641

Re: How can I keep track of my monthly spendings?

I used to track monthly income and spending. When I did, I used a good old pen and paper. :happy
by chevca
Wed Aug 16, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1871

Re: Rent Out or Sell My Condo...

My take on it... I would simply break it down to, if you were to move back to the area in a few years, would you want to live in the exact same condo? If yes, keep it... if no, sell it. None of us know what will happen to the housing market going forward. Do what seems right to your own future. Don'...
by chevca
Wed Aug 16, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1503

Re: what % of international stock

OP, looks like you've been a member here since 2007. What percent international did you hold in other markets? What makes this market different? What is "this market" anyway?
by chevca
Wed Aug 16, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Help with mortgage rates-closing soon!
Replies: 11
Views: 870

Re: Help with mortgage rates-closing soon!

You have a good rate. Just look forward to closing. :happy

As said, you don't get to renegotiate your locked in rate.
by chevca
Wed Aug 16, 2017 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1871

Re: Rent Out or Sell My Condo...

Nobody really discussed much about depreciation and deducting expenses. Won't that make renting more attractive? Compared to a capital gains exclusion? I don't even see a comparison. We can discuss it though. Why do you think those things make renting more attractive? Tell us why you might think th...
by chevca
Tue Aug 15, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review For A Late Starter
Replies: 16
Views: 1209

Re: Portfolio Review For A Late Starter

I like it... of course, I invest nearly the same way, so... :happy I have only the Vanguard Balanced Index in my Roth IRA and then Vanguard Institutional Index (S&P 500) and Vanguard Total Bond in my 457b at 60/40. Good enough for me. As long as you realize you might be paying 25% plus state taxes n...
by chevca
Tue Aug 15, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4152

Re: 27y/o w/ 150k debt buying 685k house

Friend may have to live and learn. Sounds like a lot of debt. But, maybe there are big bonuses coming or something? Either way, be happy for friend. :happy
by chevca
Tue Aug 15, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Short-Term Bond Index For Emergency Fund?
Replies: 11
Views: 944

Re: Vanguard Short-Term Bond Index For Emergency Fund?

More than the couple I mentioned, huh? :happy Rattle, quit overthinking this. There are certainly more important things to worry about in your finances than your EF. Pick something and move on. I guess if they're down to worrying this much about the EF, maybe the rest of the finances are quite squar...
by chevca
Tue Aug 15, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Short-Term Bond Index For Emergency Fund?
Replies: 11
Views: 944

Re: Vanguard Short-Term Bond Index For Emergency Fund?

Sounds fine. But, why? Looks like the fund has a SEC yield of 1.57%. An online savings account gives about 1.15% APY. I'm not worried about making money on my EF enough to concern myself with that difference. Unless one keeps an abnormally large EF, it's likely to make very little difference in earn...
by chevca
Tue Aug 15, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 76
Views: 5361

Re: please help...am I overextended - first home

That's much tighter than most any boglehead is going to give the okay on. But, probably not too far out there or possibly better than most average joe folks. After taxes and the one bill and 401k contributions, sounds like you $2300/month left once the mortgage is paid. Are you single, young, and ju...
by chevca
Tue Aug 15, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1871

Re: Rent Out or Sell My Condo...

:confused Everyone thanks for your ideas. I'm still a bit unsure what to do, mostly due to the long term uncertainty. I just fear being priced out if I ever came back but selling makes a ton of sense. What would you do with the sales funds? Maybe you sell now, come back in a few years, and housing ...
by chevca
Tue Aug 15, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3568

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

My thinking is along the lines of some others in this one. With a $60k balance and paying an extra $2000/month, you barely have any interest left to pay on it anyway. There's not going to be much difference between paying it off in two years or one year. I would certainly not stop contributing to ta...
by chevca
Tue Aug 15, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Spending help: Best use for $800 per month ?
Replies: 18
Views: 1521

Re: Spending help: Best use for $800 per month ?

SAHM and paying for daycare makes no sense to me... at all.

Unless part of the kid going to daycare means mom would go to work and earn some money, I would skip the daycare plan and find other things to do for mom and kid.
by chevca
Mon Aug 14, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Building A Warchest
Replies: 32
Views: 2990

Re: Building A Warchest

Why do you have Total Bond listed twice as different 20%'ers? Shouldn't that be 40% in Total Bond?
by chevca
Mon Aug 14, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1871

Re: Rent Out or Sell My Condo...

I think the biggest question is if you come back to this area do you want to return to this exact spot and condo--if not sale. AND do you think you would do that within 3 years--if not I would also sale in order to capture the owner occupied capital gains exclusion. If you really like the condo and...
by chevca
Mon Aug 14, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution Timing
Replies: 7
Views: 427

Re: IRA Contribution Timing

I would put the 2017 contribution in the investor shares right now. When you eventually qualify for admiral shares, all it takes is a click of the mouse to switch. This ^^ And, a few months for $5500 sitting in investor shares is a very minimal amount of fees to worry about anyway. What, pennies or...
by chevca
Mon Aug 14, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Should $100K for remodeling come from savings or from refinance?
Replies: 14
Views: 1737

Re: Should $100K for remodeling come from savings or from refinance?

What did you save and invest for if not to use it for something like this? :happy

If you still really like the house and neighborhood, taking this amount out doesn't completely wipe out your savings, and your pension seems to cover expenses, I say take it out of savings.
by chevca
Mon Aug 14, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Stock Index - how to track?
Replies: 15
Views: 1172

Re: Total Int'l Stock Index - how to track?

Total Stock and Total International are up about 10% and 17% respectively YTD. What if you hadn't done the slow unwinding of your cash this year and just put it all to work in January?

Time in the market, not timing....
by chevca
Sun Aug 13, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1360

Re: Create a Mortgage Payoff Fund or Not?

I'd do option 3 which is pay off the whole thing now and open a line of credit for the emergency which will probably never happen. I'd do this. Just pay it off and get it done with. In a high tax bracket, I assume high income along with that. How quickly could you build your EF back up to $100k wit...
by chevca
Sun Aug 13, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Stock Index - how to track?
Replies: 15
Views: 1172

Re: Total Int'l Stock Index - how to track?

I plan to DCA into this over the next month or so ... I'd like to not do it so blindly. That's kind of what DCA is... every Monday I will put $5k in, or something like that. I won't spare you the rhetoric. You are wanting to try and time the market, you're not DCA'ing. That's fine, if that's what y...
by chevca
Sat Aug 12, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 720

Re: Personal mortgage loan

The goal was he does not qualify for a mortgage right now, so I was thinking of helping out maybe. If he doesn't qualify now, he certainly won't qualify with a $60k loan on his back. If this was to be an actual loan, he should report it when he applies and gives all his debt and income. I'd say, si...
by chevca
Fri Aug 11, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Buying a 2017 Mazda 3 new for $15k?
Replies: 25
Views: 2965

Re: Buying a 2017 Mazda 3 new for $15k?

Seems like a good deal to me... almost 25% off MSRP.

Take the loan and pay it off whenever you want since you have the cash.
by chevca
Fri Aug 11, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?
Replies: 27
Views: 2421

Re: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?

I don't know that adjusting the plan is failing to stick to it. If that makes sense? As you said, you don't know until you know.

Making adjustments as you learn more about yourself and your style would be a wise move, IMO. As long as the adjustments aren't just made on a whim.
by chevca
Fri Aug 11, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: What Short-term investment option?
Replies: 12
Views: 915

Re: What Short-term investment option?

I agree with the online saving or CD route. That's the safest place for this unknown and likely short timeframe.

It's highly doubtful inflation is going to eat away at this money in a short timeframe. It would be minimal. I wouldn't even concern myself with that.
by chevca
Fri Aug 11, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5629

Re: Struggling with Justifying an Expensive Car Purchase

You knew the answer would be, yes, you can afford it... and, no, you shouldn't spend that much. At least from the majority. You are asking this question on Bogleheads after all. What are you looking for at this point? Have you thought at all about usage and kids trashing it? That is a much more real...
by chevca
Fri Aug 11, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Home Ownership / Investing
Replies: 18
Views: 846

Re: Home Ownership / Investing

I think it's a generational thing. My folks whom were even older than the old folks you mentioned :happy , definitely thought of their home as an investment. When they were young and buying starter and then forever homes, they couldn't sign onto a computer and buy shares of index funds either. As me...
by chevca
Thu Aug 10, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing my home down payment savings <12 months
Replies: 6
Views: 585

Re: Investing my home down payment savings <12 months

What interest rate does the Schwab checking account give you?
by chevca
Thu Aug 10, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell a home to a friend's daughter?
Replies: 31
Views: 2960

Re: Should we sell a home to a friend's daughter?

I would question the recommendation for the seller to have the house inspected. Right now she can just say that she does not know anything about the the condition of the house and that it is "as is" and up to the buyer to have it inspected. I would go on and let the daugher see the house and see wh...
by chevca
Thu Aug 10, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5629

Re: Struggling with Justifying an Expensive Car Purchase

I didn't read all the posts, but saw one or two that touched on it.... Want a reason to justify buying the cheaper car? Kids!! You have a little one and I don't know if you plan to have more. You have yet to see what a kid or two can do to a car. Wait until they're 2, 3, 4, or shoot 11. I just had o...
by chevca
Thu Aug 10, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: How much cash should you have vs how much in investments?
Replies: 4
Views: 817

Re: How much cash should you have vs how much in investments?

That's a question that could have just about as many answers as there are forum members.

I'd say you're doing fine for your current situation. Keep it as is for the short time frame you're looking at.
by chevca
Thu Aug 10, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house as a student
Replies: 27
Views: 1319

Re: Buying a house as a student

OP, did you run this by us first and not your father first? I sure hope so. :happy You realize it would basically be him buying the house with the incomes you gave, right? Unless you cashed out all your accounts and paid cash, you're not going to be primary on the mortgage making $6000/year working ...
by chevca
Thu Aug 10, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify Your Emergency Fund?
Replies: 32
Views: 2194

Re: Diversify Your Emergency Fund?

Why would you want a VG money market fund when both the other options pay more interest? To mitigate risk, in the event we have another crash like 2008-2009 or worse so you're not keeping all your eggs in one basket. So, your EF is all your eggs? :happy I agree with others... don't over-complicate ...
by chevca
Thu Aug 10, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house as a student
Replies: 27
Views: 1319

Re: Buying a house as a student

Keep renting. The flexibility of when to leave, not knowing where you might end up after school and the liquidity of your cash then is much more important than a few years equity. Which may not even be there in a few years. Housing markets can go down, too.
by chevca
Thu Aug 10, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: First home purchase - required information - any suggestions
Replies: 10
Views: 917

Re: First home purchase - required information - any suggestions

This is an if it applies deal, but divorce decree and child support worksheet might also be included on the list.

Otherwise, everyone about has pretty much covered it.
by chevca
Wed Aug 09, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1336

Re: Save to buy home on cash

Some type of intermediate term tax exempt bond fund, maybe?

I don't see why one would go that route though. The rates on a 15 year or 10 year mortgage are pretty low nowadays. I would rather get one of those and pay it off ASAP. There wouldn't be much total interest paid there.
by chevca
Wed Aug 09, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: tax questions - how to gift my sons' annual IRA
Replies: 18
Views: 1294

Re: tax questions - how to gift my sons' annual IRA

Easiest way would be use cash or write them a check each year.

If you fund a Roth IRA for them, they can withdraw contributions anytime and penalty free. If they have trouble saving, they may be tempted to dip into that.

Why not just hang onto it yourself and they get it as an inheritance someday?
by chevca
Wed Aug 09, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell a home to a friend's daughter?
Replies: 31
Views: 2960

Re: Should we sell a home to a friend's daughter?

I agree with others on the appraisal and inspection parts. If it were me, I would have mom pay for an appraisal and an inspection and the friend's daughter pay for an appraisal and inspection. Do those separately and then meet in the middle, so to speak. And as also mentioned, it would be sold no wa...
by chevca
Wed Aug 09, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Recently Married - should we file jointly or separately?
Replies: 18
Views: 1244

Re: Recently Married - should we file jointly or separately?

Based on your screen name, shouldn't we be asking you this question? :happy
by chevca
Wed Aug 09, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: How to not obsess over investments?
Replies: 46
Views: 3593

Re: How to not obsess over investments?

It will lessen over time. I was similar when it was all new to me. I was checking balances daily, watching the S&P 500 daily, figuring percent of this and that, reading every finance article I saw, and so on. After a while, it all sort of dropped off. I realized not much changes day to day and life ...
by chevca
Tue Aug 08, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I hold bond fund for period equal to duration?
Replies: 16
Views: 952

Re: Should I hold bond fund for period equal to duration?

I think you will need to explain better. If you only hold target date funds, why not just pick target date funds that match the AA you want and what re-balancing is there to do?
by chevca
Tue Aug 08, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4115

Re: Deja Vu.. are there too many houses for sale?

You don't have to accept the 1.0 offer. You could turn it down if you chose to. But, what if you don't get a 1.1 or 1.2 offer? You let the offer with the elevator clause in there sit. In a hot market, you're likely getting offers left and right. It's basically the buyers way of saying they will do t...
by chevca
Tue Aug 08, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance Coverage
Replies: 14
Views: 1424

Re: Homeowner's Insurance Coverage

Most insurance companies won't permit you to challenge their number though. It's usually a take it or leave it proposition. If you under-insure by the insurance company's definition, that will affect your payout for partial loss claims, i.e., if they conclude you've under-insured by 50%, they'll re...