Search found 194 matches

by noco-hawkeye
Fri Sep 15, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1332

Re: To Refinance or not to Refinance

What would you do if you were in my shoes? Contact different lenders until you find one that that will refinance the whole balance. Your current lender has a lot of incentive for you to keep paying the high interest rate. Was there some reason that they said that they would only lend you that much?...
by noco-hawkeye
Fri Sep 15, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Having mortgage during retirement. Max retirement saving now
Replies: 19
Views: 1696

Re: Having mortgage during retirement. Max retirement saving now

In similar light as the sequence of returns issues - I see this as something that "depends" based upon where you are in your savings path. If you are 25 yrs old, I would max out your savings. You are mostly in stocks at this point, and have a long time to recover, and that money almost certainly wou...
by noco-hawkeye
Fri Sep 15, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: "Luxury" Vinyl vs Laminate flooring?
Replies: 35
Views: 2628

Re: "Luxury" Vinyl vs Laminate flooring?

We had laminate floors twice, in two different houses. We also have kids and two dogs. The laminate floor works great if your current subfloor fairly rigid and you don't have too large of a single room to setup. If you are looking at 1000 sq ft of one single laminate layout, this can be problematic ...
by noco-hawkeye
Thu Sep 14, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Raising/Eliminating a Drop Ceiling in a Basement
Replies: 6
Views: 533

Re: Raising/Eliminating a Drop Ceiling in a Basement

Are you sure you don't have any other renovations to do? If you wanted to move a water or drain line above, having the drop ceiling might be nice for easy access. I don't think 2k seems outrageous. How many square feet are we talking about? And would the contractor be doing any texture and final pai...
by noco-hawkeye
Mon Sep 11, 2017 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 1953

Re: Reasonable to adjust 401k allocation if you have a pension?

Small Nit:
I would not make any changes until the pension in vested /something more solid. If you change allocations today, and the market tanks tomorrow - you could be slightly out of whack.
by noco-hawkeye
Mon Sep 11, 2017 7:29 am
Forum: Personal Consumer Issues
Topic: Underlayment for hardwood floors
Replies: 31
Views: 2395

Re: Underlayment for hardwood floors

I thought felt underlayment was most common, and nailing most of it. Glue can be used for transitions / thresholds where nailing might be more visible or problematic.

Is the bottom side of the floor accessible? I've found adding insulation is an inexpensive way to reduce a lot of sound as well.
by noco-hawkeye
Thu Sep 07, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Vacation after minor hurricane?
Replies: 25
Views: 1882

Re: Vacation after minor hurricane?

We took a trip to the Caribbean and it happened to be right after a smaller hurricane. The airpot in San Juan was a mess, we ended up sleeping there one night due to so many flights and travelers being backed up. Once we got to our resort (by hiring a private charter plane with another stranded coup...
by noco-hawkeye
Wed Sep 06, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5356

Re: What is the main purpose of holding your current job?

... For me, in 20 years, my feeling about my job changes from 1 to 4, currently at 3, almost reaches 4. I'd see this as a red flag. The closer I get to FI, the more I move up the chain closer and closer to 1. In looking at my next job, I will choose work life balance as a much higher priority than ...
by noco-hawkeye
Mon Sep 04, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Retention Bonus Question
Replies: 6
Views: 1049

Re: Retention Bonus Question

FWIW, in my field it's common for a bonus payback to be pro-rated based on time in the company. Is that not the case for you? I would call the bonus in this case a signing bonus. A retention bonus is more for someone who has been working a job for a while and is likely to leave. Even those retentio...
by noco-hawkeye
Thu Aug 31, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Retirement or Pay Off Debt?
Replies: 35
Views: 3049

Re: Retirement or Pay Off Debt?

The student loan debt is an irreversible expense already completed. It is a black hole in your net worth and your cash flow. You cannot return your education or sell it to get your money back. It is a permanent debt until it is removed. A car is a physical piece of property. Cars can be sold. A car...
by noco-hawkeye
Thu Aug 31, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Loan-to-Value Ratio Effect on Rate?
Replies: 4
Views: 347

Re: Mortgage Loan-to-Value Ratio Effect on Rate?

I can tell you that, at Wells Fargo, when we were doing the paperwork, there was a slight improvement in rate between 20% down and 25% down. But 30% down didn't change. So there was no difference between our planned 71% LTV and a potential 70% LTV. So the rates plateau at 25% down payment, at least...
by noco-hawkeye
Tue Aug 29, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 63
Views: 6065

Re: When to give resignation notice

Don't worry about what your current employer would do. If it was in their best interest to get rid of you they would. You need to be solely concerned about your bests interests. Be professional, get vested, give 3 months notice the after you are vested. It's just business. This is 100% spot on. Don...
by noco-hawkeye
Tue Aug 29, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: how to calculate whether to pay off mortgage
Replies: 18
Views: 1687

Re: how to calculate whether to pay off mortgage

I've got money in savings that I will likely use to payoff the mortgage soon - but right now I am in a job transition. I've gone over this problem many times in my head too. Here is what I looked at - If I keep the mortgage, I will pay something like 3500 in interest this year. If I keep the money i...
by noco-hawkeye
Mon Aug 28, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Article on Savings - Are BHs the 1% ?
Replies: 23
Views: 3688

Article on Savings - Are BHs the 1% ?

I ran across an article from https://www.cnbc.com/2017/08/28/how-much-the-richest-americans-have-in-retirement-savings.html. Some of the numbers had me thinking about the numbers that we see on BH. According to the Economic Policy Institute (EPI), which looked at the state of American retirement in ...
by noco-hawkeye
Mon Aug 21, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Good Salary/No debt - not sure where to go from here
Replies: 7
Views: 1585

Re: Good Salary/No debt - not sure where to go from here

I don't understand how you will bring in 90k / year in retirement. This is from a business that you own, but would require zero effort to keep running - is that correct? Your savings would be behind where most people should be, especially if they are shooting to retire at 57 - so I am confused where...
by noco-hawkeye
Thu Aug 03, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: 250k in savings. need some advice and a kick in the butt
Replies: 31
Views: 3503

Re: 250k in savings. need some advice and a kick in the butt

I'm curious as to the small savings amount compared to the high income. You seem to have quite high spending. I agree. In addition to maxing out the 401ks, you should be looking at backdoor Roths as well. Even maxing both of these things out, you are around a savings rate of 17%. I'd consider this ...
by noco-hawkeye
Mon Jul 31, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4885

Re: The age old debate 30 vs 15

If you know the duration will be this quick, what about ARM rates?
by noco-hawkeye
Fri Jul 28, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3292

Re: Savings rate: gross or net?

nimo956 wrote: My personal opinion is to just save everything that you can until it hurts, and then back it off a little.
This is a great answer ^. +1
by noco-hawkeye
Fri Jul 28, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3292

Re: Savings rate: gross or net?

I posted a similar thing in another thread about savings rate, I'll try again here.... First you need to calculate what your expenses in retirement will be. Many people can use current income as a rough guess, but bogleheads typically don't need that much. When I ran the numbers for contributing 30%...
by noco-hawkeye
Wed Jul 26, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8396

Re: Should you wait until the due date to pay credit card balance?

I pay it off before the statement even comes, sometimes. Lets say I have some travel, or a large ticket purchase. As soon as that goes on the card, I'm pretty likely to get a payment on top of big buys pretty quickly. Why do I do this? I just don't like having big bills surprising me later on. I tak...
by noco-hawkeye
Wed Jul 26, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback with 3 car seats vs. other car/suv options
Replies: 75
Views: 4819

Re: 2018 Subaru Outback with 3 car seats vs. other car/suv options

I have an outback, wife has an Odyssey. The van is indeed a bit wider and longer, but it's not a huge delta from what I see in our garage parking spots. If we had 3 kids, I'd definitely go for 3 rows of seats. Having 2 rows of seating and 3 kids sounds seems like not enough room to grow. Does it mat...
by noco-hawkeye
Sun Jul 23, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 11671

Re: What's your personal savings rate?

The more I read this, the more I think that the savings rate used in this thread could be improved.

What I think would be more insightful is how much do you save compared to your annual expenses, or maybe your expected expenses during retirement. Thoughts or reaction?
by noco-hawkeye
Thu Jul 20, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3960

Re: Investing well for Retirement can be frustrating

Retire 10 years before them. No price can be placed on 10 years. :moneybag Exactly. I was out at 55. All the folks with expensive cars, oversized houses, boats etc. continued to work for years. I have a friend with some newer / nicer / more expensive cars. Very similar to the first post. This same ...
by noco-hawkeye
Mon Jul 17, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3529

Re: Thinking out loud

I think it helps to try to view both the possible upside of more equities, and also the possible risk. Below is a chart I am stealing from fidelity: https://www.fidelity.com/bin-public/060_www_fidelity_com/images/Viewpoints/II/pros_guide_chart3.jpg You really need to look at both sides of the equati...
by noco-hawkeye
Thu Jul 13, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Article: Get diploma, FT job and spouse - then have kids
Replies: 4
Views: 776

Re: Article: Get diploma, FT job and spouse - then have kids

It's actionable to parents, to illustrate this information to their kids. I found it helpful - thanks OP!
by noco-hawkeye
Wed Jul 12, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out Roth IRA?
Replies: 9
Views: 2418

Re: What to do after maxing out Roth IRA?

but it seems like ~50% of my money in an emergency fund is too much. It's 50% today, but your emergency fund isn't a percentage of your portfolio. It's a fixed amount. As your portfolio grows, it will become a smaller percentage. I agree that you should build up a good emergency fund, if possible. ...
by noco-hawkeye
Mon Jul 10, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4733

Re: Dave Ramsey's advice on investing?

... Ramsey also consistently seem to talk about investing being "complicated". Bogleheads says investing can be simple with index funds and such.... Investing 20% of your pay in a collection of 3 index funds is simple. It's not easy for most, but it IS simple. If you do this (and are not accumulati...
by noco-hawkeye
Thu Jul 06, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 2494

Re: When should I exercise my incentive stock options?

lowndes wrote: The risk of holding the stock would not be worth it to me. I'd sell the stock upon exercise.
Me too. Take the money and run (and pay more taxes). At least you will have choices at that point, and you won't have to worry about these options and your job heading south at the same time.
by noco-hawkeye
Sat Jul 01, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: would you take a new mortgage to invest in stock market?
Replies: 30
Views: 2851

Re: would you take a new mortgage to invest in stock market?

I want to thank OP for this question. I've been hesitating on some money to pay off our mortgage, and framing the situation through this light helps. I've heard variations on this point of view, but this is a great reminder for me. Obviously my answer is no - I would not take out any sort of loan to...
by noco-hawkeye
Mon Jun 26, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 52
Views: 11847

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

I'd be interested in what his views are, when he looks at his life long accomplishments. Does he ever sit back and realize how many people he has impacted, for the better? How much he has impacted the investment industry? These impacts are huge, and I wonder what it must be like to contemplate his a...
by noco-hawkeye
Sun Jun 18, 2017 8:03 am
Forum: Personal Consumer Issues
Topic: Exterior Home Improvements - Order of Operations?
Replies: 10
Views: 1300

Re: Exterior Home Improvements - Order of Operations?

There are some shortcuts that might help you in your list too- ⋅ Solar powered landscape lights are fairly inexpensive, and you do not need to run conduit or dig up your yard. You won't have any new electrical outlets, but you will have some new lighting. ⋅ I am currently adding ...
by noco-hawkeye
Fri Jun 16, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: Happy Fathers Day - got me a used Weber grill!
Replies: 26
Views: 2791

Re: Happy Fathers Day - got me a used Weber grill!

My Weber won't die! I've thought about smokers and other different options, but my Weber just keeps on ticking. I think you made a nice move.

Congrats! :sharebeer
by noco-hawkeye
Wed Jun 14, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: Cooktop died, not repairable, need recommendations
Replies: 36
Views: 2225

Re: Cooktop died, not repairable, need recommendations

We are about 1 yr into a bosch induction, and it's worked very well for us. I think the only options we would consider are gas and induction at this point - and I'm not sure gas really has much of an advantage (if at all). We've got kids in our house, so the ease of cleaning induction is certainly ...
by noco-hawkeye
Wed Jun 14, 2017 9:19 pm
Forum: Personal Consumer Issues
Topic: Cooktop died, not repairable, need recommendations
Replies: 36
Views: 2225

Re: Cooktop died, not repairable, need recommendations

We are about 1 yr into a bosch induction, and it's worked very well for us. I think the only options we would consider are gas and induction at this point - and I'm not sure gas really has much of an advantage (if at all). We've got kids in our house, so the ease of cleaning induction is certainly a...
by noco-hawkeye
Tue Jun 13, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 74
Views: 4008

Re: How many tech devices do you have?

35 devices in my routers dhcp table. So if maybe 5 of them are guests.... 30 devices?

A family of 4.
by noco-hawkeye
Tue Jun 13, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 74
Views: 7979

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

It is never in your best interest to answer this question. I answer this by saying "I'd like to find out more about the job before I can value what I think it is worth. Since this is important to you, you must have a salary range already in mind. Could you provide this range to me?" If the...
by noco-hawkeye
Sat Jun 10, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 65
Views: 7772

Re: Should I drink or sell my Pappy 12 year?

I'd save it as well. Tastes can change a bit too. Who's to say you might not eventually like it or be more of a bourbon fan?

I'm an Islay fan, but I can certainly appreciate a glass of Pappy on occasion.
by noco-hawkeye
Sun May 28, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 4464

Re: Not Another Payoff The Mortgage Thread....

I'm in a similar situation. I have the money to pay off the mortgage, but I am unsure if I really want to pull the trigger. Here is one thing that I cannot let go of - What if I take this money, place it in the market - and it drops by 40%! I would not be happy with myself, even though my entire por...
by noco-hawkeye
Sun May 28, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 4464

Re: Not Another Payoff The Mortgage Thread....

... Depending on your age, income, mortgage balance and cash savings I think if you are under 45 and the mortgage is less than 100k then I would pay it off (I did just that). If it is more than 100k then you may want to invest it. ... Why does 100k make a difference? The amount should not really be...
by noco-hawkeye
Fri May 19, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3668

Re: I am a huge believer in Passive Indexing.. but.....

You bought shares in customer companies? Be careful here Why? My thought process was if they were smart enough to hire me .. they must be good?? The concern is what happens when these companies have a downturn? They let you go, *and* the stock might go down. This is very similar to people would buy...
by noco-hawkeye
Fri Apr 28, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5836

Re: When does it make sense to start paying down (or off) a low rate mortgage?

I realize not everyone sees debt in the same way. Someone with a 200k mortgage and a 7M portfolio might see it as a non issue. In my mind, I wonder - "why do you have that mortgage at all?". Others see it as negligible risk/obligation compared to their huge assets. I have a friend that has...
by noco-hawkeye
Wed Apr 26, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5836

Re: When does it make sense to start paying down (or off) a low rate mortgage?

I had a related post, and I think #1 and #2 certainly have some impact. If you've found that you are mostly financially independent, but still have a mortgage - then you really aren't independent.
by noco-hawkeye
Thu Apr 20, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 4
Views: 777

Re: Looking to payoff mortgage

The 14 year old and 10 year old do not have to have the same 529/college funds at this point. Will the amount just cover your mortgage or any left over to pad the oldest's 529 a bit? We have a bit more in the 14yr old's account, but they are pretty similar. Yes, we could load up one or the others a...
by noco-hawkeye
Thu Apr 20, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 4
Views: 777

Looking to payoff mortgage

I am posting this partly looking for feedback, but also I am fairly sure on what steps I will take next. Maybe someone has a point of view or an idea that I have not thought of yet - but here goes.... Background info: Married couple, two kids (14 and 10). Both parents are working, in their early 40s...
by noco-hawkeye
Thu Apr 20, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Recast vs. Investing vs. ??
Replies: 14
Views: 1280

Re: Mortgage Recast vs. Investing vs. ??

I don't think we have enough information to really give you a great answer. However, I did notice something that doesn't look right to me. You said: If I made a lump sum payment of $100k towards my principle, my mortgage would be reduced by $500/mo Unless you refinance the loan, the monthly payment...
by noco-hawkeye
Tue Apr 18, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15 Yr Mortgage
Replies: 12
Views: 1696

Re: Refinance to 15 Yr Mortgage

If you are expecting kids in the near future, I would be hesitant to give up too much flexibility. So maybe doing this (refinancing) after you have kids, and for now just pay extra / more to get the same result. I would avoid taking a heloc just for refinancing. The "extra" money mentioned...
by noco-hawkeye
Sun Apr 16, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 10099

Re: Why would anyone want to buy bond funds?

After an 8 year bull market, people seem to forget that stocks go down. Sometimes down a lot. Bingo. I see more and more of this on posts. I think people are starting to use the 8 yr run as proof that things will never change. If you can recall the market corrections after the dot-com bust or the l...
by noco-hawkeye
Wed Mar 22, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2782

Re: Kitchen island

min 44" walkway around island for me. More the better for appliance moving. I agree. We have a 44 on one aisle, something like 50 on another. You need to be able to get two people in the aisle (to pass one another), and also allow one of the persons to have the fridge open etc. 44 is just bare...
by noco-hawkeye
Wed Mar 08, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 3365

Re: Multiple job offers

I'd either take firm B, or talk to firm A's HR department and tell then you feel like you need to take firm B's offer (in the hopes of getting A to match B). If firm B offered you 50k more, it would be a no brainer to switch - right? During the interview process there is only one person on your side...
by noco-hawkeye
Mon Mar 06, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 83
Views: 6481

Re: Advice on relocation or staying put

If you work in tech, I think it is not uncommon to find a new job where they would pay for a good amount of relocation fees. You would be obligated to stay in such a job for a year or two, but it would certainly help the financial aspects.

Good luck!