Search found 1434 matches

by chevca
Thu May 17, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Assitance
Replies: 11
Views: 1268

Re: Three Fund Portfolio Assitance

The CREF Stock fund looks pretty good... about 70/30 US/INT. That and your stable value type fund would be three fund like, but in a simpler two funds. :happy
by chevca
Thu May 17, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 763

Re: Recast mortgage?

If you have already paid it down aggressively, plan to keep paying it down aggressively, and don't need the lower minimum monthly payment, I would just leave it as is and pass on the recast. You have already shortened the mortgage by paying it down. I'm guessing you did this because you don't like p...
by chevca
Wed May 16, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

Mental... gymnastics? :happy

I know what you meant.
by chevca
Wed May 16, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Assitance
Replies: 11
Views: 1268

Re: Three Fund Portfolio Assitance

What are the expense ratios? No plain old index funds on the stock side, even if not Vanguard?
by chevca
Wed May 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

So, if I'm following this correctly, paying cash for things is an expense, but taking loans out for things and paying back the loans is "saving"?

If that's the case, that makes no sense to me.
by chevca
Wed May 16, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

So, someone that cash flowed college or paid cash for a house saved that amount then?
by chevca
Wed May 16, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1323

Re: Paying off Debt vs. Investing

I agree with all of this. I guess what I'm getting at, assuming the math is correct, is that in all of the pay off debt vs. investing commentary I have seen, I have never once heard anyone say that you have to put that debt payment towards some kind of investment once the debt is paid off in order ...
by chevca
Wed May 16, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 127
Views: 5845

Re: Is there a boglehead muscle car?

Don't buy a v6 mustang, camaro, or charger/challenger. Aside from being boring to drive, it will be completely worthless in a few years where as the v8 version should retain value pretty well. Besides, everyone laughs at the guy driving a v6 camaro/mustang. Hahaha, so true! You guys are wrong. I th...
by chevca
Wed May 16, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4486

Re: somebody is using our address

Using just your address doesn't amount to fraud. If he was using your name or social security number, then, yes. He's just hiding something from someone and being a pain in your rear end. There may be more to it. But, that's what the USPS would investigate to find out. Call Chase as well to report i...
by chevca
Wed May 16, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1323

Re: Paying off Debt vs. Investing

Whoops, you're right. I was looking at the numbers backwards. :oops:

Where is that accounted for in your example? That narrows the gap by $18k then, right?
by chevca
Wed May 16, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1323

Re: Paying off Debt vs. Investing

I didn't look at your spread sheet. But, per your example, it doesn't appear you're accounting for interest saved by paying down the debt aggressively nor the total interest paid by paying the loan on schedule. Especially at a 25% rate, those numbers could be significant in your scenario. I also di...
by chevca
Wed May 16, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4486

Re: somebody is using our address

He doesn't want his wife to find out what he's ordering online? :happy

I would contact USPS and tell them no mail or packages should come to your address in any other name but yours. I don't know if they can stop that or make that happen. But, that's where I would start.
by chevca
Wed May 16, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1323

Re: Paying off Debt vs. Investing

I didn't look at your spread sheet. But, per your example, it doesn't appear you're accounting for interest saved by paying down the debt aggressively nor the total interest paid by paying the loan on schedule. Especially at a 25% rate, those numbers could be significant in your scenario. I also did...
by chevca
Tue May 15, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

That's just mental gymnastics. Borrowing money to spend, paying it back, and then counting that as savings??? :oops:

If one paid down the student loans aggressively, they saved on interest they would've paid. I could see that. But, it's still reaching in the weeds.

DQ'd!! :happy
by chevca
Tue May 15, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 127
Views: 5845

Re: Is there a boglehead muscle car?

Sorry, guys, I like Vettes too. But, they're not muscle cars.
by chevca
Tue May 15, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

My wife and I qualified very near to this for first 2 years out of college. She made 60k and I was in school. 6% to 401k and nearly 40% to student loans before taxes. We were well above 50% of after tax. Edit: didn't live with family (not that there's anything wrong with that but it would've made i...
by chevca
Tue May 15, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 127
Views: 5845

Re: Is there a boglehead muscle car?

My feeling is the OP wants a daily driver and a modern car. Many of us have taken this off into a convo of old muscle. But, I don't think the OP wants anything over a few years old. Of course we haven't heard from the OP and we've just hijacked the thread into discussing what a muscle car is, so we ...
by chevca
Tue May 15, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: I've bought a new home, should I sell or rent my old residence?
Replies: 21
Views: 1346

Re: I've bought a new home, should I sell or rent my old residence?

I doubt you will find it. There is no good reason to keep the old place as a rental. Things will be tight for them if they keep it and there are major repairs coming up for the to be rental. How would they handle that? They're just banking on future appreciation. That may or may not happen. Plus, th...
by chevca
Tue May 15, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: I've bought a new home, should I sell or rent my old residence?
Replies: 21
Views: 1346

Re: I've bought a new home, should I sell or rent my old residence?

Sell... take advantage of the capital gains exclusion selling their primary home, put more down on the next home so as not too tight in the wallet, and avoid paying for a roof or sewage repair on the old rental home. That's a no brainer to me. If things would be tight buying the new home and keeping...
by chevca
Tue May 15, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 127
Views: 5845

Re: Is there a boglehead muscle car?

Good point... the 302 was Camaro only.

The early Nova's could have the 283, the mid-60's could have the 327 (which was a nice little engine), and by the late 60's the Nova could be ordered with a big block. Hopefully mid meant the 283 or 327. The later 307 was a dog!
by chevca
Tue May 15, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

In 2004 I was fresh out of college, newly married and ended up making right around 55k that year, combined. If you count principal reduced on home loan, yes we achieved it for that year. I don't have meticulous records but we were right in the neighborhood of 25k saved. Didn't do a ton but didn't m...
by chevca
Tue May 15, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 675

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

I think 17 years is a long time to be missing out on tax advantaged saving/investing space because you might want to hang onto a rental. You guys have a decent combined income. If you're not maxing out even one tax advantaged account, let alone more than one, and banking on the rental property, I'd ...
by chevca
Tue May 15, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 675

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

Well, you can typically only refi to 80% of the home value. So, you would be refinancing to pull out about $30k. I'd say that's hardly worth the cost and likely interest rate increase. And, I don't know if the cash out refi rules are different for a rental property. I wouldn't take the lender's word...
by chevca
Tue May 15, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

triceratop wrote:
Tue May 15, 2018 2:46 pm
wrongfunds wrote:
Tue May 15, 2018 2:43 pm
As long as moderators are participating, the hammer does not come down.
There is an implicit question of "how" it possible to achieve such a result.
And, the answer has been found.... make up one's own definition and anything is possible to achieve. :happy
by chevca
Tue May 15, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

wrongfunds wrote:
Tue May 15, 2018 2:43 pm
As long as moderators are participating, the hammer does not come down.
. :beer :happy
by chevca
Tue May 15, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 675

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

How long have you had the rental, or how long has it been used as a rental? How much to you get in monthly rent compared to the monthly mortgage payment on the rental? Have owned the property rental for almost 5 years and have rented for nearly 2.5 years. We net ~1k year after costs on it. I'd sell...
by chevca
Tue May 15, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Rent Car before Buying
Replies: 19
Views: 1196

Re: Rent Car before Buying

Did you do an internet search with term "Rent A Subaru Outback" or "Rent a Highlander" or "Rent a ...." instead of just looking at some rental car web sites? Yes. Unfortunately that did not lead to anything in my area. Had also found Turo but also not much selection in my area. Likely will just see...
by chevca
Tue May 15, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?
Replies: 21
Views: 675

Re: Personal Finance Advise - Dump rental property for other investment? Put more in 401k?

How long have you had the rental, or how long has it been used as a rental? How much to you get in monthly rent compared to the monthly mortgage payment on the rental?
by chevca
Tue May 15, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

So, this thread has run it's course then since anyone can make up their own definition of household and claim they answered the OP's question? :happy

Can we get the lock out yet.....
by chevca
Tue May 15, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

Pretty sure the OP asked only about households. I may have missed where they asked about single people and their savings rates no matter what the living situation though? :happy
by chevca
Tue May 15, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

triceratop wrote:
Tue May 15, 2018 1:14 pm
And, the survey methodologies are not consistent with your definition.
Hmm, that's funny. :wink:

And, I never asked for the IRS definition of single. That has little to do with this topic.
by chevca
Tue May 15, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Rent Car before Buying
Replies: 19
Views: 1196

Re: Rent Car before Buying

I've never understood this rent a car to see if you like it thing. It seems like a waste of money to me. You don't really know if you like a car, what you like about it, or what you dislike about it until a good few months have passed by. You've obviously narrowed it down to a few cars you like and ...
by chevca
Tue May 15, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

Maybe you would care to share a link or at least the definitions you speak of? And, combined are you under or over the median income level? The IRS considers someone single if one is considered unmarried and does not qualify for any other status. Yes combined we are over the median income level for...
by chevca
Tue May 15, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1000

Re: Tenent/Landlord Question

Okay, that makes sense then. I say, let her know now. The relationship has been good between you, she knew it was coming sometime, and I'd give her as much advance notice as possible, if I were in your shoes. It sounds like the relationship was a little more than strict landlord/tenant and you got t...
by chevca
Tue May 15, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

Yep, disqualified. Can I be the judge in this thread? :happy You didn't say what your savings rate is anywhere in there, zuz. That would be nice to add. It doesn't matter if roommates split everything 50/50 and one wants to calculate their own savings to expense ratio. But, if they want to chime in ...
by chevca
Tue May 15, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Interesting/Playful ideas for 1 year baby
Replies: 37
Views: 1471

Re: Interesting/Playful ideas for 1 year baby

I'm wondering how you can possibly have so much time that you run out of things to do. My work schedule is light, and my wife stays home with our two kids, and life still seems crazy. Our 18 month-old wakes up from her nap at 3:00 or 4:00, and it seems like just preparing dinner, eating, cleaning, ...
by chevca
Tue May 15, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

Maybe you would care to share a link or at least the definitions you speak of?

And, combined are you under or over the median income level?
by chevca
Tue May 15, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice; saving for a new home with extra cash
Replies: 7
Views: 566

Re: Investment advice; saving for a new home with extra cash

I should add, while I feel your plan is reasonable OP, I agree with mega more. It's not going to make much of a difference going with the extra funds. Your savings rate over that short a time frame is the biggest builder of the total money, not the returns or minor differences between bond funds. Pe...
by chevca
Tue May 15, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Interesting/Playful ideas for 1 year baby
Replies: 37
Views: 1471

Re: Interesting/Playful ideas for 1 year baby

Wrestling. It causes you to be creative to come up with new names for moves. However, my own algorithm is pretty simple to learn: <place> - the more desolate the better <body part> <verb> - needs to be a bit aggresive For example, my 7 month old granddaughter got me with a badlands eye smash and a ...
by chevca
Tue May 15, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1393

Re: Car mileage, Fuel additives and other

1. Use the octane the manufacture recommends. No more/No less I agree with this, but be aware that available octanes differ based on altitude. In New Mexico and Colorado, for instance, pumps often only carry 85 (regular), 87 (mid), and 91 (premium) octane. 93 premium, available near sea level, is n...
by chevca
Tue May 15, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1393

Re: Car mileage, Fuel additives and other

None of you 55-60 mph folks drive in the left lane on the freeway, do you? If so, stay out! Not all of us care about getting optimal mpg. :happy Some of us call that the passing(only) lane. :D Remember back when it used to be followed as such? Those were the days. At least where I live, it's just a...
by chevca
Tue May 15, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

People whose stories about how they can/do save 1 year of expenses every year don't count for this thread: 1) Those who can , but don't, but list how they could. 2) Those who live with a roommate. 3) Those without a partner and those without kids 4) Those with few bills/responsibilities I am sure t...
by chevca
Tue May 15, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1393

Re: Car mileage, Fuel additives and other

None of you 55-60 mph folks drive in the left lane on the freeway, do you? If so, stay out! Not all of us care about getting optimal mpg. :happy
by chevca
Tue May 15, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice; saving for a new home with extra cash
Replies: 7
Views: 566

Re: Investment advice; saving for a new home with extra cash

Those sounds reasonable to keep some down payment savings in. Personally, I'd skip keeping any in the S&P 500 fund. But, putting 20% or so in that could also be reasonable. Only reason to use ETFs would be if you plan to move money around during the day, or often, IMO. I would just go with mutual fu...
by chevca
Tue May 15, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

I didn't meant to "limit" it to multiple people households. There are single folks living alone and making six figures or more as well, right? How about established households... not grad students living on a cot and eating Ramen in someone's basement? :happy Sure, there are single people making mi...
by chevca
Tue May 15, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Interesting/Playful ideas for 1 year baby
Replies: 37
Views: 1471

Re: Interesting/Playful ideas for 1 year baby

Currently in the evening baby plays with toys, we play with the baby, we read books(she likes listening and turning pages of books), and we take baby for walk or park, so easily 3 hrs fly by. But we have another 1 to 2 hrs of time before baby sleeps. No need to reinvent the wheel. You have pretty m...
by chevca
Tue May 15, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1000

Re: Tenent/Landlord Question

I rent my condo in Florida out to a fine tenant. She has been living there five years and we have had a great relationship. Her lease expires Nov. 1. I will be retiring this year, and therefore cannot renew her lease. Does anyone know how far in advance I am required to tell her that I will not be ...
by chevca
Tue May 15, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

To those talking about grad school days and to Triceratop... could you pull that off with a family and all involved there? That's what I think of when the median household is talked about. Not single folks with little responsibilities and minimal bills. If we are limiting households to just familie...
by chevca
Tue May 15, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7424

Re: Can a <median household save 1 year of expenses every year?

To those talking about grad school days and to Triceratop... could you pull that off with a family and all involved there? That's what I think of when the median household is talked about. Not single folks with little responsibilities and minimal bills. If my wife was willing to stay home and not c...