Search found 49 matches

by runner540
Mon May 22, 2017 10:23 pm
Forum: Personal Consumer Issues
Topic: To auto loan or not to auto loan?
Replies: 23
Views: 1296

Re: To auto loan or not to auto loan?

Lots of good thoughts up thread. It felt really good to write the check and truly own the car. You didn't directly ask about this, but don't spend that $150k merger bonus at all until the deal is fully closed and the money hits your account. Maybe you've been through a few: the deals can and do fall...
by runner540
Sat May 20, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Variable Compensation and 401k Match
Replies: 7
Views: 520

Re: Variable Compensation and 401k Match

This will be governed by your company's plan documents. Ask for a copy, read them, then call HR and the administrator (Fidelity, Vanguard, etc.) to discuss. One company I worked for allowed us to change 401k contributions specifically for the bonus pay period. Another matched once a year, at the end...
by runner540
Sat May 20, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: Well-made quality handbags
Replies: 27
Views: 2439

Re: Well-made quality handbags

Check out Milli Millu, Levenger and Brooks Bros. for classically styled handbags. I have a pebble grain Brooks Bros bag that has held up over 7 years (mix of daily use for a couple years, and more occasional use later). For durability, pebble grain and saffiano leather finish are both good. Milli Mi...
by runner540
Fri May 19, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: mortgage down payment levels
Replies: 7
Views: 803

Re: mortgage down payment levels

20% is standard only for BH. According to the American Enterprise Institute's Housing Risk research, the median down payment is 5% for all home loans. Repeat buyers (not first time) have median down payments of only 10%. AEI has lots of fascinating data on home loans. You can dive into it and see tr...
by runner540
Thu May 18, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why 20% House Down Payment?
Replies: 14
Views: 1824

Re: Why 20% House Down Payment?

Just wondering..... Who is lending money on a house with less than 20% down? Seems like I've seen this before....... burt burt, many many financial institutions do this all the time, backed by FHA/VA programs. According to the American Enterprise Institute's Housing Risk research, the median down p...
by runner540
Thu May 18, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12275

Re: For those with $500k-$1m in investments...

In my pre-boglehead days I thought that I didn't want to lock up too much money into a "old age retirement fund" and thought that there was tremendous value in the flexibility of taxable investments :oops: :oops: . This is my thought process now. What's wrong with this reasoning? You're p...
by runner540
Mon May 15, 2017 9:02 pm
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6243

Re: What Will Burst the Next Bubble?

I understand that, and I'm not asking anyone to predict when. My point is that with all the posts I read asking, "Where should I park my cash?" and "Should I wait to invest," it seems like people would have a specific, underlying issue to point to other than the fact that the ma...
by runner540
Mon May 15, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6704

Re: Anyone else agree with my logic on silicon valley housing?

For 1mm in the bay area , you are looking at 1.3% to 1.4% in property tax with other assessments. Downtown Austin is fun for young people like you with lot of bars and restaurants. You will like Austin but be prepare for the summer heat. Don't know Austin specifically but OP needs to understand tha...
by runner540
Sun May 14, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-retirement Advice Requested
Replies: 18
Views: 1558

Re: Pre-retirement Advice Requested

2. Check into how IRA vs 401k's are protected from creditors. It varies state by state, and may be a consideration.
by runner540
Sat May 13, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wrestling with upgrading home situation
Replies: 4
Views: 613

Re: Wrestling with upgrading home situation

Around 2400sqft, but the floor plan is really annoying. There's plenty of room in some areas, but it's hard to make it usable; there's no entryway, the kitchen is small, everything feels cramped upstairs, though the basement is nice and roomy (and underused). Have you had any conversations with arc...
by runner540
Sat May 13, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3330

Re: How much to tip movers?

$20 per person, plus provide cold sodas and water and access to the bathroom. If the owner of the moving service were helping, the general rule is not to tip an owner since they set pricing and receive profits. If moving for work, don't forget to keep records so you can claim it on taxes. *edit: thi...
by runner540
Tue May 09, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Can someone explain LA to me?
Replies: 11
Views: 1801

Re: Can someone explain LA to me?

If you want to read a very cynical take on the So Cal market, check out the blog DoctorHousingBubble.com
by runner540
Mon May 08, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Budget/Expense Apps?
Replies: 10
Views: 834

Re: Budget/Expense Apps?

acejacksingh wrote:
OZAR wrote:I have never found anything better than the excel spreadsheet I use.......


+2


+3
by runner540
Mon May 08, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2086

Re: Home purchase question

There are almost no home rentals, particularly in the only good school district in the area. There are a few apartment complexes in the area, but they don't have more than 3 bedrooms, and we want a backyard for our dog and our kids. I was arguing to consider a rental, but my husband is very traditi...
by runner540
Mon May 08, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2086

Re: Home purchase question

In terms of "investment", I think you have too short a time frame/hold period. Buying a house under the circumstances should be evaluated with a consumption or speculation framework. Note that if the value is flat over your hold period, you'll still lose money by paying transaction costs t...
by runner540
Sun May 07, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Long distance move, issues/costs
Replies: 11
Views: 965

Re: Long distance move, issues/costs

> Traditional movers can be notorious for giving an "estimate" then jacking up the price once they have your stuff. If you don't pay the price you don't get your stuff back. While experiences may vary, I have never had this happen. In my last move I had three (nearly identical) fixed-pric...
by runner540
Sun May 07, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Long distance move, issues/costs
Replies: 11
Views: 965

Re: Long distance move, issues/costs

This will depend on local market. Just call 3-4 moving companies in her area, and ask them to quote for: 1) Packing, loading, transportation to Florida, and unloading at new place. For a well furnished 1 BR, this is likely a few thousand dollars ($2-4k) 2) storage per month in their facility (your a...
by runner540
Sat May 06, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18043

Re: Why save so much for when you're old?

I'm 31 and I don't know what the future holds. Another major crash and I could be out of the job. Car crashes, marriages, health problems and an array of issues that could happen. I save in the good times to prepare for the bad. People tell me to stop being so negative. I'm positive there will be m...
by runner540
Fri May 05, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt, PSLF, planning for future
Replies: 31
Views: 1964

Re: Student loan debt, PSLF, planning for future

I'm not familiar with the details of PSLF so will leave that to others. You mentioned this is all overwhelming: you do have a lot of goals, so I'd suggest tabling the house buying for now. Just don't worry about that now: focus on finishing school, repaying student loans, saving for retirement. When...
by runner540
Thu May 04, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for Mortgage Downpayment < 20%
Replies: 28
Views: 1585

Re: Strategy for Mortgage Downpayment < 20%

What might your cash flow look like after the baby arrives? (One or both parents reducing hours, paying for childcare, healthcare, etc).
That should be factored into your monthly expense number and how much cash flow is available to service the mortgage.
by runner540
Tue May 02, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Time to upgrade bed/bath linens
Replies: 23
Views: 1985

Re: Time to upgrade bed/bath linens

Now that I am a full-fledged Adult, it's time to invest in some nice towels/sheets for both personal and guest use. We're always on a budget, so the less expensive, the better. We literally need to replace EVERYTHING. We like crisp cotton sheets and big, soft towels (who doesn't?), and we've had is...
by runner540
Sun Apr 30, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Annual comprehensive benefits statement
Replies: 2
Views: 277

Re: Annual comprehensive benefits statement

Hard to comment on whether it's good or bad without knowing your field, years of experience and geographic location. This statement is basically HR marketing to you, in case you are thinking about switching jobs. It's supposed to remind you of all that you get beyond the headline annual Salary. Is t...
by runner540
Sun Apr 30, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7394

Re: Favorite Financial Indulgences

Barefootgirl wrote:Not a chocolate person, but always on the lookout for good chocolate. Recs?


Trader Joe's dark chocolate and salted caramel bar, and other chocolate covered goodies.

Leonida's and Neuhaus (both Belgian brands). They have locations in NYC and Chicago, not sure where else.
by runner540
Sun Apr 30, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7394

Re: Favorite Financial Indulgences

Not FI, but on a good trajectory. Fancy chocolate, and new clothes/accessories (within the budget of course!). I recently splashed out $1 for 4 magazines at the local library to read on an trip. I also redeemed a smallish balance of airline miles to replace my broken sunglasses. Felt like an indulge...
by runner540
Sat Apr 29, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Recent windfall... Insurance questions (Whole, Term, Disability)
Replies: 26
Views: 1580

Re: Recent windfall... Insurance questions (Whole, Term, Disability)

Welcome. You said you "really like" your advisor. It is their job to get you to like them, but that won't pay your bills in retirement. For liquid investments that could support you in retirement, I count: $2.2 MM taxable $375k 401k $40k in IRA $910k in cash/savings acct Total: $3.5MM. Sou...
by runner540
Sat Apr 29, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Grandparents helping with College tuition
Replies: 27
Views: 1950

Re: Grandparents helping with College tuition

What a generous plan! Please coordinate with your kids to make sure that your gift doesn't result in reduced financial aid, or gift taxes, or as taxable income to the student. As I understand it, direct tuition payments to the university are not counted for taxes as a gift bit some schools will redu...
by runner540
Wed Apr 26, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles house buying
Replies: 32
Views: 3064

Re: Los Angeles house buying

The low net worth came from teaching in academia for about 10+ years. I currently work in investment management in a technological role. The jobs are mainly in NYC, some in Chicago. Not many jobs in LCOL - but as I said earlier, the investment field is becoming more passive (why am I posting on Bog...
by runner540
Sun Apr 23, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Options for downpayment (Good or bad?)
Replies: 13
Views: 1055

Re: Options for downpayment (Good or bad?)

I agree with the other posters' caution against this plan. After down payment and closing costs, how much would you have left in cash for (a) general emergency fund and (b) new home expenses (repairs, furniture, etc.)? If you are putting only 5% down, you will essentially have no equity in the home ...
by runner540
Thu Apr 20, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 2927

Re: Dedicating your bonus to something

remomnyc wrote:The bonus is not part of my budget, but when I get it, I splurge on something. This year the splurge was Hamilton tickets. Then, 10% goes to charity and the rest is invested in taxable for early retirement.


+100%
by runner540
Wed Apr 19, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1249

Re: Munis and effect of pension funds on them and risks for portfolio

" 2. $1,200,000 which is 30% equities and 60% bonds and conservatives . This account has stayed flat, never rising much but no significant losses ( except of course to inflation) So we're actually losing to inflation. " I know the main question is about munis but this stood out to me, sinc...
by runner540
Wed Apr 19, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 2927

Re: Dedicating your bonus to something

Also in a role where annual bonus can be significant part of comp but can't count on it. Based on the net amount after taxes: 80% savings 10% giving 10% spending This has worked for me for years. I'm careful that the 10% spending is truly one time, not increasing my ongoing costs. Examples of what I...
by runner540
Wed Apr 19, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus how much do you spend vs save?
Replies: 52
Views: 7376

Re: Bonus how much do you spend vs save?

Based on the net amount after taxes: 80% savings 10% giving 10% spending This has worked for me for years. I'm careful that the 10% spending is truly one time, not increasing my ongoing costs. Examples of what I've used it for: trips, clothing, replace big ticket items (mattress, computer, etc.). It...
by runner540
Mon Apr 17, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: 'True' Cost Of A More Expensive House
Replies: 22
Views: 3804

Re: 'True' Cost Of A More Expensive House

I bought my place in a working class neighborhood. It's nice. It has apartments, townhomes, and single family homes. If you go further back into the neighborhood the houses actually get really, really nice. I was doing some landscaping the other day and the neighbor said now he has to do some becau...
by runner540
Sat Apr 15, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: What questions do you ask and what information do you gather to discuss finances with your spouse?
Replies: 10
Views: 1088

Re: What questions do you ask and what information do you gather to discuss finances with your spouse?

A recommendation from high school journalism class: avoid yes/no questions. In this context they sound like a quiz, and you may find that open ended questions result in a more enjoyable and productive conversation. Example: what do you think is working well in *our* new budget tracking? What changes...
by runner540
Tue Apr 11, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school tuition
Replies: 42
Views: 3380

Re: Can we afford private school tuition

I'd argue that you are pretty far behind in retirement savings and college savings, given your ages and those of your kids. As I am sure you know, you can save for retirement outside the maximum in qualified plans. I'd put that $1,400 once the daycare stops into their college funds. Although you'll...
by runner540
Wed Apr 05, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8521

Re: Spending beyond my means, I think..is my budget out of whack?

You're 35 & have $325M in savings. GREAT JOB! If I were you (which I am not) I would cut back for 2 years on my savings some and use that to give you some breathing room. You love your home, your pre-schools and your life. Back of the napkin rationale: in 27 years you'll be 62. Figuring an 8% r...
by runner540
Wed Apr 05, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8521

Re: Spending beyond my means, I think..is my budget out of whack?

My wife does all that after her job while even picking up our youngest at the end of the day, and when I get home she somehow gets dinner ready. How about you make dinner half the time? I am not sure why the younger kid goes to preschool. It sounds like what he needs in baby sitting, due to the dem...
by runner540
Sun Apr 02, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 5903

Re: Manufactured Spending - is it illegal, or otherwise "bad?"

I have an interesting variation of manufactured spending: trying to stay elite-level in a hotel program. I stay frequently at Marriott hotels when I travel on business, and use the rewards for personal travel. Last year, I needed two more nights to retain my elite status (which would get me a benef...
by runner540
Sun Apr 02, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: Excel (Office 2007) Question
Replies: 9
Views: 1033

Re: Excel (Office 2007) Question

It sounds like you don't want any links between the files. Try Alt + E + K to bring up the command to break all links. Do this command in file A and file B.
by runner540
Sun Apr 02, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 4499

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

Hope for >$0 Planning for $0. Several decades to go until I know how it turns out. Like janeway, I view this as padding against negative changes in other aspects of planning (from higher healthcare/Medicare premiums, to future legislative/tax changes that can't be discussed on this forum). I view my...
by runner540
Sun Apr 02, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 11128

Re: Currently have $700,000 at 26 years old get $100,000 a year

The consensus of this thread seems to be that your problems are not yet financial. If that income stream from your parents ceases/decreases, or if your/your future spouseā€™s lifestyle exceed that income, then your problems will become financial ones. Right now, your description of how you spend your ...
by runner540
Sat Mar 18, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Another Rent vs. Buy Thread... (General, Not Specifics)
Replies: 4
Views: 557

Re: Another Rent vs. Buy Thread... (General, Not Specifics)

The NYT calculator does a pretty thorough analysis. I think it misses one important category of opportunity cost: investing the difference in monthly cash flow from renting. Bogleheads have the discipline to do this. Another financial factor is flexibility to move for a new job or to reduce commutin...
by runner540
Tue Mar 14, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or rent?
Replies: 25
Views: 2245

Re: To buy or rent?

I'm a renter who has been doing a lot of research on the rent vs buy decision. Other replies have done a good job analyzing the particulars of your situation. For a potential buyer in Houston, like yourself: Check out this rent vs buy index http://business.fau.edu/news-events/news-details/index.asp...
by runner540
Tue Mar 14, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or rent?
Replies: 25
Views: 2245

Re: To buy or rent?

I'm a renter who has been doing a lot of research on the rent vs buy decision. Other replies have done a good job analyzing the particulars of your situation. For a potential buyer in Houston, like yourself: Check out this rent vs buy index http://business.fau.edu/news-events/news-details/index.aspx...
by runner540
Mon Mar 13, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1360

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

Get a checking account and checks: many vendors will want them. Also, if you put a wedding expense on your credit card for points, you can easily "reimburse" yourselves using Chase Quick pay. Plus, running everything through one acct makes accounting and staying on budget much clearer. so...
by runner540
Sun Mar 12, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1360

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

Get a checking account and checks: many vendors will want them. Also, if you put a wedding expense on your credit card for points, you can easily "reimburse" yourselves using Chase Quick pay. Plus, running everything through one acct makes accounting and staying on budget much clearer.
by runner540
Sat Mar 11, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Finally making money and need budget advice
Replies: 19
Views: 2282

Re: Finally making money and need budget advice

Congrats on finding the forum and asking questions. Since you are young, you haven't yet seen a broad economic downturn as an adult. Over the last few years, auto sales are at record levels, low gas prices are encouraging purchases of bigger more expensive vehicles, and auto loan delinquencies are g...
by runner540
Sun Feb 26, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 4253

Re: AP: Americans buy existing homes at fastest pace in a decade

Longtime lurker, new poster here. I've been studying the housing market because I'm interested in buying a home in the next 3-8 years. For the benefit of all here, these are a couple helpful resources and important data points that compare the loans made in the last housing run-up to those being mad...

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