Search found 131 matches

by ny_knicks
Thu Feb 15, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3225

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

If an RN is making $100k+, how much more is an NP making then? Is it worth all the extra hardship? NP is around $130k+...a lot of RNs want out of being an RN given how physically demanding the job is. So that alone is probably worth the effort. So call it $30k difference. There seems to be a wider ...
by ny_knicks
Thu Feb 15, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3225

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

Employers do care about where you get an NP degree to an extent. No name programs and online programs won't get you hired. Know RNs that did them and are still looking for jobs a year after graduating while working as an RN. Advice would be to get her employer to pay for it. Most NY hospitals will p...
by ny_knicks
Sat Feb 10, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why would people buy condos/SFH in Texas?
Replies: 61
Views: 5683

Re: Why would people buy condos/SFH in Texas?

Stayed in downtown Houston for a few nights recently. Distinctly remember the downtown being eerily quiet at night. Would be interested to see a situation where rentals are going for less than just property taxes. Have to imagine a scenario like this indicates a very distressed housing market where ...
by ny_knicks
Sat Feb 03, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9311

Re: How risky is Med school student loan debt?

Touché. But, with an MBA that person has room to grow significantly past that 100k/yr job but a physicians salary is pretty stagnant. Even if the MBA got a 50% raise to $150k, he would only be breaking even with the physician in terms of livable income. Unless the MBA gets a job in some highly comp...
by ny_knicks
Fri Feb 02, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9311

Re: How risky is Med school student loan debt?

DThe comment about doctors "should" be able to make at least $300k/year is naive. Tell that to a community based Pediatrician seeing 90%+ Medicaid. Most of Peds is Medicaid now since welfare has expanded greatly to the middle class. Context is important... My post referenced RN/NP/CRNA salaries in ...
by ny_knicks
Thu Feb 01, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9311

Re: How risky is Med school student loan debt?

Medicine seems fairly low risk in the grand scheme of things. Once you have a job I feel like the prospect of losing your job is very low. Pay is high, stays high and you aren't forced out at 55. US med schools seem so competitive that if you have the ability to get in you should have the ability to...
by ny_knicks
Wed Jan 31, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5547

Re: New car - how much can we afford?

30 years old saving $60k a year and $550k in assets and you want to buy a nice second hand car.

You could buy a new $50k Lexus/Audi and be just fine.

This board is too much sometimes lol.
by ny_knicks
Sun Jan 28, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: $300 Cash Card - Can I Sell It, or Should I Use It for a Large Purchase?
Replies: 13
Views: 1018

Re: $300 Cash Card - Can I Sell It, or Should I Use It for a Large Purchase?

Is there any way I can cash or redeem this $300? I'd be willing to take a 10% hit to be able to do that. I'll cash it out for you. Sounds like an easy way for me to make a few $$$ :sharebeer Just use it all at once on a large purchase or get a amazon gift card or something. Personally wouldn't even...
by ny_knicks
Sun Jan 28, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Career "advice" for someone without college
Replies: 39
Views: 1916

Re: Career "advice" for someone without college

Never too late to go to college or trade school. Options are fairly limited these days it seems like without some sort of degree or advanced certification in something. Might be able to get some job with better hours or slight increases in pay but to meaningful change his outlook I would imagine it ...
by ny_knicks
Sat Jan 27, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Buying a condo in NYC?
Replies: 18
Views: 1821

Re: Buying a condo in NYC?

Suppose you have looked at real estate pretty closely already but 700-800k doesn't go very far in NYC for a 1 bedroom in manhattan. Let alone a 2 bedroom. Maybe you're looking in less desirable neighborhoods or further outside the city? Co-Ops are a big part of NYC real estate and they often have ve...
by ny_knicks
Tue Jan 23, 2018 11:56 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8275

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

Again I believe the answer is pretty templated: bonds in taxable and stocks in tax-deferred. I have bond funds only in tax-deferred and also equities in all accounts (taxable, tax-deferred, and Roth). Your post either points out there are multiple approaches, I have 0 idea what I am talking about, ...
by ny_knicks
Tue Jan 23, 2018 3:46 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8275

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

Again I believe the answer is pretty templated: bonds in taxable and stocks in tax-deferred. I have bond funds only in tax-deferred and also equities in all accounts (taxable, tax-deferred, and Roth). Your post either points out there are multiple approaches, I have 0 idea what I am talking about, ...
by ny_knicks
Tue Jan 23, 2018 2:38 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8275

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

Here is my personal opinion. Have not looked at your post so don't take it as directed towards you but more the question in general. Boglehead approach is grounded in simplicity. Anytime I look at a portfolio post it has a ton of tickers, listed numbers everywhere,expense ratios, returns. It isn't e...
by ny_knicks
Sun Jan 21, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 522
Views: 52421

Re: Picking College and College Scholarships

Not arguing for or against whether it's a good idea or bad idea ... On the math part, every year not spent in school saves 50K in tuition/ expenses. Assuming one (former student now working) earns 100K, and keeps 50K (25K for taxes and 25K for living expenses), isn't the spread 100k. In terms of wh...
by ny_knicks
Sun Jan 21, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 522
Views: 52421

Re: Picking College and College Scholarships

Congrats to your son! Great schools already w/ more to come hopefully. Couple things to keep in mind when trying to finish early. 1.) Internships typically run over the summer months and are very valuable when it comes time to landing the first job. It is a tough call but not sure I would rush throu...
by ny_knicks
Sat Jan 20, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: Considering a LG 55" OLED TV
Replies: 50
Views: 4951

Re: Considering a LG 55" OLED TV

Have the 65"...amazing TV was worth the purchase Had I known you could only use the one remote control, this would have killed the deal for my family! Joe Why do you each need a remote to control the same TV? Can't you just pass it to the other person in the room when they want to change the channel?
by ny_knicks
Thu Jan 18, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loan with mortgage refi?
Replies: 7
Views: 525

Re: Pay off student loan with mortgage refi?

I would roll it into the mortgage and continue your plan to repay the loan in 2 years. Apply what you're currently paying on the student loans to the mortgage. Save $$$ on interest and still pay them off in the same time frame.
by ny_knicks
Thu Jan 18, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: 4k UHD TVs worth it?
Replies: 66
Views: 5040

Re: 4k UHD TVs worth it?

Recently purchased 65" OLED. Upgraded from an old plasma. OLED makes a huge difference even on regular HD content. We were in the market for new TV and figured we'd pay a premium since everything is likely to go to OLED in the future. Not disappointed in the decision at all. Wouldn't upgrade just fo...
by ny_knicks
Thu Jan 18, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4025

Re: Poll: BHs who rent - what % of gross do you spend on rent?

VHCOL - Manhattan DINK

~13% for one bedroom apartment

Could have gone lower but chose to go with slightly higher end building with close proximity to work
by ny_knicks
Wed Jan 17, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 145
Views: 13146

Re: Can We Retire in Hawaii? Please Critique

I get you want a purely numbers oriented answer and I think a few people have tried to provide that but there are so many variables that it's hard not to ask questions. You seem set on the fact that it's doable (and it very well might be) but those asking questions are just trying to help think thro...
by ny_knicks
Mon Jan 15, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing: Bad experiences?
Replies: 3
Views: 381

Re: Student Loan Refinancing: Bad experiences?

Refinanced from Great Lakes to Common Bond this past summer. Recently refinanced again with First Republic last month. Sole purpose was chasing the lowest possible interest rate/getting WCI bonus. First Republic has a rate of 1.95% @ 5 years but has pretty strict requirements to be approved. It also...
by ny_knicks
Sun Jan 14, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4791

Re: A half year off at full pay or a full year off at half pay?

No wonder tuition has gone through the roof... :) I thought the same thing. Put 20 year olds $60k in a debt for a year of tuition but enjoy the "cultural" emersion in Monaco on the school's dime! I am sure it will really enhance the curriculum. Only in academia... ^OP I may be slightly jealous/bitt...
by ny_knicks
Sun Jan 14, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6648

Re: Looking for a reasonably priced, safe international destination

Coastal British Columbia...will be warm down low with snow in the mountains. Scenery is absolutely breathtaking. English speaking and safe. Still a good exchange rate with the CAD to keep things affordable.
by ny_knicks
Sun Jan 14, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Renting in NYC for a new college grad. Best practices?
Replies: 24
Views: 2111

Re: Renting in NYC for a new college grad. Best practices?

I'm starting my first job out of school in NYC as a software developer later this spring. I'm trying to figure out the best practices for renting someplace, especially the mechanics around finding an apartment and getting a lease. I've never had a credit card or any loans, so I wouldn't expect to h...
by ny_knicks
Sun Jan 14, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Anyone Gone All the Way with LastPass?
Replies: 25
Views: 1457

Re: Anyone Gone All the Way with LastPass?

Yes - I don't know a single one of my passwords! They are all managed through LastPass. The financial accounts were why I bought it. I could care less if someone gets into my Facebook.
by ny_knicks
Wed Jan 10, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sell bonds, pre-pay mortgage instead?
Replies: 10
Views: 805

Re: Sell bonds, pre-pay mortgage instead?

I'm a big fan off liquidity...I feel the benefits of lots of liquidity are often undervalued on this forum. Once you pump that money into the mortgage it's invested in real estate and inaccessible unless you sell or HELCO. Now if your taxable account is $1M and you're wondering if you should pay off...
by ny_knicks
Mon Jan 08, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 50
Views: 4711

Re: Using Vanguard’s advisors

Parents use Vanguard PAS. They switched from Edward Jones. They need significant hand holding and are uncomfortable with even the most simple tasks like setting up DD to bank let alone rebalancing. There is no interest on their part to learn. I cannot help them. While most on here would find little ...
by ny_knicks
Mon Jan 08, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 75
Views: 7704

Re: New mattress

Loom and Leaf makes a great mattress. Delivery service is top notch. No off gassing as it comes delivered fully expanded unlike other companies which deliver in a box. Very hot sleeper and the mattress stays cool. It has kept its shape and firmness over last 2 years. Highly recommend it.
by ny_knicks
Sun Jan 07, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: Availability of parking at Shade Grove Metro Station (D.C) around 9am tomorrow?
Replies: 20
Views: 1412

Re: Availability of parking at Shade Grove Metro Station (D.C) around 9am tomorrow?

PFInterest wrote:
Sun Jan 07, 2018 6:51 pm
That is a really esoteric question for bogleheads....
I feel like this forum always has someone who can answer any questions lol
by ny_knicks
Sun Jan 07, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: is the cost for using a relocation service to find an apartment worth it?
Replies: 8
Views: 596

Re: is the cost for using a relocation service to find an apartment worth it?

Entirely depends on where he is moving I think. For most cities I think this service is useless. Have moved across the country 3x. For 2 of the times I just researched the area beforehand and then flew out for a weekend to visit 6-8 apartments before signing. Then I moved to NY. Much different here....
by ny_knicks
Thu Jan 04, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: "New to Me" Money
Replies: 22
Views: 2896

Re: "New to Me" Money

It sounds like your windfall was in excess of $2.5 million after taxes. With limited investing experience I would lean on getting professional help. That is a lot of money to get all at once. Vanguard has an excellent low cost Personal Advisor Services with fees around 30 basis points. They'll follo...
by ny_knicks
Tue Jan 02, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 3831

Re: Saving a little, here and there...

I have three pairs of "subpar" dress shoes (not just <$400, but well <$100) that are ~20yrs old and are in very good condition without ever having being resoled or anything. I really don't understand what I do differently than other people. I think the saying goes something like "they don't make em...
by ny_knicks
Tue Jan 02, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 164
Views: 17965

Re: Max It Out Tomorrow [your IRA]

Both GF and I contribute $105 a week and then will backdoor at the end of the year. I don't consider this DCA as we don't have the extra cash to max both on Jan 1. We pay ourselves every time new money comes in the door. If we decided to front-load it we'd have $$$ just sitting in a savings account ...
by ny_knicks
Mon Jan 01, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 4075

Re: My 2017 Budget

Very proud to be frugal yet happy on a modest budget in a high COLA. My company pays for phone and most of medical, that helps quite a bit. In 2018 I have cancelled my natural gas account: it was running about $25 a month for something I rarely used. ($15 bowls of pasta at that rate!) In exchange f...
by ny_knicks
Mon Jan 01, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

Re: What is your threshold for paying down debt?

Thanks everyone for the posts. Like a lot of stuff in personal finance it truly is a "personal" decision. Let's see: We had a car loan at 0.9%. No prepayment on that. We have student loans at 1.625%. No prepayment on those. We had an ARM at 2.625%, fully deductible (would no longer be in 2018), and ...
by ny_knicks
Mon Jan 01, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Refi After 1 Year?
Replies: 42
Views: 2792

Re: Refi After 1 Year?

I realize we will pay more overall, but this takes care of the escrow shortage too which is $3k. It's still negative over 20 years, however, we were worried about going from a $2400 payment to a $2869 payment. Basically, a perfect storm of tax increasing and an escrow shortage increased our payment...
by ny_knicks
Mon Jan 01, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Refi After 1 Year?
Replies: 42
Views: 2792

Re: Refi After 1 Year?

This is a local mortgage broker who is doing lender paid PMI, which is reflected in the 3.75% rate. I called and Chase and is very wishy washy on what needs to be done. Either option requires us to be out the appraisal so that is why we were looking to refinance. I don't think we are quite at 20% y...
by ny_knicks
Mon Jan 01, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Refi After 1 Year?
Replies: 42
Views: 2792

Re: Refi After 1 Year?

How is the PMI being eliminated? Did they reappraise the home to get you over the 20% threshold? If so have you tried to get the PMI cancelled on the current loan?
by ny_knicks
Mon Jan 01, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Request update on YouTube TV
Replies: 11
Views: 666

Re: Request update on YouTube TV

You still keep your internet service provided by someone like Comcast but you don't pay for TV from them. Instead you pay Youtube for the TV service and stream it over the internet.
by ny_knicks
Sun Dec 31, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9525

Re: Best 401k Employer Match Structure

Megacorp: 6% match 6% profit sharing after 1 year 100% vested immediately
by ny_knicks
Sat Dec 30, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

Re: What is your threshold for paying down debt?

Except it’s not extreme. IB has margin rates well under 3%. Cheaper than your mortgage. So why not? Why would you rather use debt on your dwelling instead of on your stocks? Way easier and cheaper to use margin instead of a mortgage as well. Was just looking at it shocked at the rates they offer......
by ny_knicks
Sat Dec 30, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

Re: What is your threshold for paying down debt?

Except it’s not extreme. IB has margin rates well under 3%. Cheaper than your mortgage. So why not? Why would you rather use debt on your dwelling instead of on your stocks? Way easier and cheaper to use margin instead of a mortgage as well. 2.25% (fixed) <-- The rate of my student loans. All other...
by ny_knicks
Sat Dec 30, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

Re: What is your threshold for paying down debt?

My mortgage is at 2.625% with 11 years left, and I can still deduct interest (because my state taxes plus charity exceeds $12K), so the after-federal-tax rate in my 24% bracket is 2.00%. If I could pay the whole thing off, that would be equivalent to buying a bond portfolio with a 5-year duration. ...
by ny_knicks
Sat Dec 30, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

Re: What is your threshold for paying down debt?

I’m like that because I couldn’t help but notice that many of the people who called me an idiot for aggressively paying off my mortgage a decade ago are no longer in the neighborhood. Hmmm. Maybe they just moved? Or they kept up the joneses and lost? 100% agree that overextending yourself w/ debt i...
by ny_knicks
Sat Dec 30, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5978

What is your threshold for paying down debt?

Two part question: Why are Bogleheads so afraid of debt and what is your threshold between aggressively paying it down or redirecting those payments into investments? Take student loans as an example. Most people who have them are fairly young. Interest rates are at historical lows. They can be refi...
by ny_knicks
Sat Dec 30, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 3831

Re: Saving a little, here and there...

I have a few pairs of casual shoes (Vans, Reefs, a pair of Rainbow sandals) from high school (~20yrs) that I still regularly wear. No hint of stink and I have never owned a shoe tree. Even better, I have a few shirts from high school that are perfectly acceptable to still wear to work (a business c...
by ny_knicks
Fri Dec 29, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 12768

Re: Ally Bank 12 month CD now 2.00%

Just bit on this...already had checking/savings here figured I would shift the emergency fund into this.
by ny_knicks
Fri Dec 29, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 3831

Re: Saving a little, here and there...

SuperGrafx wrote:
Thu Dec 28, 2017 10:41 am
I've always wondered about this...wearing shoes that are 20+ years old.
I get that you can get them restored or whatever, but don't they start to get a bit stinky after all that time?
Good pair of cedar shoe trees will keep them smelling fresh...
by ny_knicks
Fri Dec 29, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for new credit card when credit is frozen?
Replies: 13
Views: 847

Re: Applying for new credit card when credit is frozen?

It is a pain. The credit card company likely won't be able to tell you the report they pull. I unfroze all of them and then applied same day. Was denied. Called reconsideration line the next morning and they said it was because they couldn't pull credit. Had them try it again and it went through. I ...