Search found 585 matches

by steadyeddy
Mon Dec 05, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Trying to fund retirement in late 20s.
Replies: 7
Views: 696

Re: Trying to fund retirement in late 20s.

I think your plan to save as much as you can while you are young is a good one. My only caution is that if inflation averages 3% over the next 37 years, your $75k income 37 years from now will only be worth about $25k in today's dollars. So you might need to save more than you think over the course ...
by steadyeddy
Sat Dec 03, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 59
Views: 6235

Re: Amazon Prime Getting Stingy?

I haven't yet had issues with delayed prime shipments, but I do remember when Amazon began putting non-prime fulfillment at the back of the line several years ago. What used to take three days to receive began taking three weeks because Amazon would not pack it until two weeks after the order was pl...
by steadyeddy
Sat Dec 03, 2016 12:20 pm
Forum: Personal Consumer Issues
Topic: CBP (INS) Global Entry program worth it?
Replies: 36
Views: 1592

Re: CBP (INS) Global Entry program worth it?

Definitely worth it if you do even a moderate amount of international and domestic travel. It's $20/yr for hours of your life back.

Now whether I feel happy about having to pay to avoid what's been proven to be ineffective security theatre is another story...
by steadyeddy
Thu Dec 01, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 4234

Re: The new normal: 2%, 3%?

4% isn't based on the past 30 years. Returns have to be lower than they were during the GREAT DEPRESSION (which is possible of course) for 4% not to work going forward. But it doesn't matter if the 80s and 90s don't repeat. 4% is not relying on good times to work. I think the 4% is overrated myself...
by steadyeddy
Thu Dec 01, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 4234

Re: The new normal: 2%, 3%?

Roughly a 4% withdrawal rate is conservative enough for me. I'll annuitize in old age if things start getting tight. I feel very comfortable risking my estate to retire a few years sooner.
by steadyeddy
Wed Nov 23, 2016 3:13 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by steadyeddy
Wed Nov 23, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by steadyeddy
Wed Nov 23, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...
by steadyeddy
Wed Nov 23, 2016 1:22 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

[...] Gross Income Maximum Monthly Housing Payment [...] $150,000 $3,500 [...] Please feel free to specify whatever reasoning you desire for how you arrived at your numbers, but please state numbers in terms of gross income to maximum monthly housing payment if possible. Thanks in advance! This is ...
by steadyeddy
Wed Nov 23, 2016 12:23 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on something...
by steadyeddy
Tue Nov 22, 2016 11:52 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

It's clear I did a horrible job asking my question, so I'd like to start over. I'm not asking for the answer, but rather your answer. What percentage of your income would you feel comfortable spending on a home? What is the tipping point where you would begin feeling uncomfortable? Let's assume ther...
by steadyeddy
Tue Nov 22, 2016 9:10 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

The other poster was not shouted down, they had posted on multiple different threads the same question. Going to sink all their assets into this new house. What did the new house solve for that the current house did not? Oh, it had extra space and it also cost $1.1 million and they were assuming th...
by steadyeddy
Tue Nov 22, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

I don't understand how a maximum payment would not have anything to do with income. It's self evident. steadyeddy, Why? Are you a real estate agent? If it is self-evident, it should be easy enough for you to explain to us. I may choose to pay more or less for housing. It has absolutely nothing to d...
by steadyeddy
Tue Nov 22, 2016 8:59 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

At an annual salary of $300,000, after taxes, health insurance, saving for retirement, saving for college, FICA, etc you might clear $15,000 a month and you have $8,000 towards mortgage. No thanks! How did you come up with these numbers? I think you have to look at your own needs and wants and make...
by steadyeddy
Tue Nov 22, 2016 8:55 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

This is very area specific. If you live in a HCOL area, you may very well have to spend more than a prescribed formula, unless you want to do a 1-2 hour commute each way. Just as KlangFool said - you should get something that meets your housing needs and makes financial sense in terms of rent-vs-bu...
by steadyeddy
Tue Nov 22, 2016 8:53 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

With that said, what do you propose is the maximum monthly housing payment a Boglehead should consider at any given income level? steadyeddy, Unless you are a real estate agent and you make money when someone buys the house, why does the maximum monthly payment has anything to do with income ? My g...
by steadyeddy
Tue Nov 22, 2016 8:51 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

Re: How Much Housing Payment Can a Boglehead Afford?

20 percent of gross income or no more than 28 percent, preferably between 25 and 27 percent of net take home monthly pay. All inclusive costs of principal, interest, hoa, insurance, taxes, utilities including your cable and phone bill and water/heating. This calculation would then permit a healthy ...
by steadyeddy
Tue Nov 22, 2016 5:37 pm
Forum: Personal Consumer Issues
Topic: How Much Housing Payment Can a Boglehead Afford?
Replies: 90
Views: 3891

How Much Housing Payment Can a Boglehead Afford?

We get a lot of questions on this forum that boil down to, "Can I afford this home?" I recently read one such thread where the original poster intended to take out a mortgage of ~2.5x annual income. Many responses advised this was too risky and a smaller mortgage should be pursued. Frankly...
by steadyeddy
Tue Nov 08, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Remodeling vs Moving
Replies: 15
Views: 1219

Re: Remodeling vs Moving

If you have that big of a lot, you could potentially just build a new house next to yours, then move into it and knock the old one down. Is that financially feasible? I like this suggestion the best! I love that idea!! That way you can build your house with less disruption to your everyday life. Ha...
by steadyeddy
Thu Nov 03, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20828

Re: How to retire early (in your 30s, 40s, 50s)?

I'm trying to retire early. My approach is similar to magicrat's description of maxing tax advantaged space and spilling all extra into a taxable investment account. On top of that, I don't intend to have a $0 income stream in the years up to 59 1/2. The thread you referenced had a ton of discussio...
by steadyeddy
Tue Nov 01, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Help Evaluating Group Long-Term Disability Insurance
Replies: 1
Views: 183

Help Evaluating Group Long-Term Disability Insurance

I apologize for starting another LTD thread, but I couldn't find one evaluating a group plan like mine. I am completely lost, and can't seem to find any good, unbiased information. I can purchase LTD coverage through work: ⋅ 60% wage replacement up to $15,000 ⋅ 13 week eliminatio...
by steadyeddy
Mon Sep 26, 2016 5:37 pm
Forum: Personal Consumer Issues
Topic: I might have made a mistake on ebay?
Replies: 26
Views: 3576

Re: I might have made a mistake on ebay?

I was a very regular buyer and seller on eBay in their earlier days. Then one day I realized the ratio of scams to legitimate transactions had grown too large to make the platform usable for an honest person. I'm convinced eBay management is facilitating a very profitable crime platform that caters ...
by steadyeddy
Thu Sep 15, 2016 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Will you delete the Stocks App from your iPhone?
Replies: 31
Views: 2679

Re: Will you delete the Stocks App from your iPhone?

Wow, I hadn't heard about this change! I curently have an app container labeled "apple bloat" that I wouldn't mind deleting completely. The stocks app is definitely in that container.
by steadyeddy
Mon Sep 12, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 45
Views: 5976

Re: What shape is your net worth curve?

Very linear. Surprisingly straight considering it's comprised mostly of equities.
by steadyeddy
Mon Sep 12, 2016 10:04 am
Forum: Personal Consumer Issues
Topic: Who is ready for iphone 7?
Replies: 149
Views: 12296

Re: Who is ready for iphone 7?

Exactly. The Verizon line charge after the $650 reimbursement remains $20/mo (the BYOD rate) rather than the $40/mo line charge for subsidized contracts. Verizon is simply paying $650 for an asset worth about $300 and not directly recouping the cost...just vying for market share. It's a pure win fo...
by steadyeddy
Mon Sep 12, 2016 9:50 am
Forum: Personal Consumer Issues
Topic: Christmas gift expectations
Replies: 61
Views: 4516

Re: Christmas gift expectations

I would blame travel costs and decline to participate.
by steadyeddy
Mon Sep 12, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Who is ready for iphone 7?
Replies: 149
Views: 12296

Re: Who is ready for iphone 7?

I wasn't going to upgrade to the iPhone 7 but since T mobile is essentially offering me $650 for my old iPhone 6+ to trade in, I cannot turn it down. 8-) This is huge and very good boglehead deal. I think everyone in this forum who currently owns a iphone 6 should jump on this deal and upgrade to i...
by steadyeddy
Mon Sep 12, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: Who is ready for iphone 7?
Replies: 149
Views: 12296

Re: Who is ready for iphone 7?

I also planned to keep my iphone 6 for another year or two until I had a compelling reason to upgrade, but with Verizon offering a $650 trade-in credit, the only cost to upgrade is the sales tax which is less than the cost of replacing the battery to keep it running well for another two years. And t...
by steadyeddy
Thu Sep 08, 2016 2:17 pm
Forum: Personal Consumer Issues
Topic: Any King Charles Cavalier Spaniel owners here?
Replies: 29
Views: 2266

Re: Any King Charles Cavalier Spaniel owners here?

This is person specific and dog specific, so no amount of reading can help you. If I were in your shoes I would shoot for a foster to adopt situation where you can test drive the dog and vice versa. Most volunteer rescue organizations (as opposed to shelters) use his model in my area.
by steadyeddy
Tue Sep 06, 2016 9:23 am
Forum: Investing - Theory, News & General
Topic: Reflections on 25 years in a bond fund
Replies: 13
Views: 2398

Re: Reflections on 25 years in a bond fund

ogd, thank you for educating me! Very helpful!
by steadyeddy
Wed Aug 31, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 176
Views: 33743

Re: Frugality regret: What thing do you regret not spending on?

Wow is this thread depressing! :( My wife and I have put off traveling for the last two years in anticipation of a pregnancy that hasn't materialized. We're talking about a big vacation now, and I've been feeling cheap in light of likely infertility treatment costs. Thanks for the wake up call! :beer
by steadyeddy
Tue Aug 30, 2016 12:04 pm
Forum: Personal Consumer Issues
Topic: Tips and surcharges
Replies: 52
Views: 3331

Re: Do you factor mandatory surcharges into gratuity?

The surcharge is not going to the server, so I don't understand why it should impact the tip. Do you tip less when the menu price or sales tax increases? I never considered the impact of a $15 wage on tipping. Surely we can't be expected to tip the same amount? Although I'm reminded that my state pa...
by steadyeddy
Sun Aug 28, 2016 10:49 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 10843

Re: How much vacation time do you get at work?

23 PTO days after 5 years (max is 30), and 9 holidays.

We can only roll over 5 days, so I have the kick in the pants I need to actually take the time off.
by steadyeddy
Sat Aug 27, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Down Payment Amount on New Home - 10 or 20%
Replies: 21
Views: 1674

Re: Down Payment Amount on New Home - 10 or 20%

You're contemplating paying $4,000 to have the use of $12,000 over a 7 year period, is that right?
by steadyeddy
Wed Aug 24, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance question
Replies: 23
Views: 1836

Re: Homeowner's insurance question

Sometimes an insurance company just decides it wants to get out of an area. They'll start dropping policies left and right for little things, or they'll drop all policies in an entire region. Maybe Traveler's had too many claims in OP's region last year. The OP is not insured by Travelers, but is c...
by steadyeddy
Thu Aug 18, 2016 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house....
Replies: 19
Views: 1749

Re: Would you buy a house....

I would definitely drive by it on different days and at varying times to get a feel for the area. There is a park like that less than a mile from my house that I would not want to live near. Dozens of cars parked on the street, litter everywhere, a loud ice cream truck circling it five hours a day, ...
by steadyeddy
Sun Aug 14, 2016 9:05 pm
Forum: Personal Consumer Issues
Topic: How well do robot vacuums work?
Replies: 26
Views: 2722

Re: How well do robot vacuums work?

P.S. The random path finding is maddening if you let yourself watch it, but since it runs every single day, I imagine the routing evens itself out over time and every square inch of flooring gets covered multiple times a week. Just schedule it to run when you're not home so you can't watch it bumbl...
by steadyeddy
Sun Aug 14, 2016 1:50 pm
Forum: Personal Consumer Issues
Topic: How well do robot vacuums work?
Replies: 26
Views: 2722

Re: How well do robot vacuums work?

A roomba always seemed like a silly novelty to me until we got a labrador retriever. Suddenly we needed daily vacuuming, and we're way too lazy for that. Our low-end $350 roomba runs every weekday at 9am while we're at work, and at 2pm on the weekends while we're typically out of the house. We don't...
by steadyeddy
Tue Aug 09, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will realtor advise on needed improvements for home sale?
Replies: 38
Views: 2175

Re: Will realtor advise on needed improvements for home sale?

My experience and that of others I know is that today's buyers aren't that interested in creating "sweat equity" by fixing things themselves. Not even painting. And to the degree that they would, its easier for them to finance if its already done and built into their purchase price. Defin...
by steadyeddy
Tue Aug 09, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Will realtor advise on needed improvements for home sale?
Replies: 38
Views: 2175

Re: Will realtor advise on needed improvements for home sale?

You have to ask yourself who is going to buy the house. A large house in a nice neighborhood offers better ROI on improvements than a small home in a bad neighborhood. Handy people shopping in that nice neighborhood likely also have more cash to fix a home up themselves if you sell it as a blank can...
by steadyeddy
Tue Jul 26, 2016 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Liability insurance needed if renting apartment?
Replies: 14
Views: 800

Re: Liability insurance needed if renting apartment?

I don't have an umbrella policy because I own a house. I have an umbrella policy because I drive a car. Honestly, I can't think of any even remotely likely accident on my (pool-less) property that would exceed my primary homeowners policy limits. Conversely, I could quite easily cause a wreck at 60...
by steadyeddy
Mon Jul 25, 2016 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance needed if renting apartment?
Replies: 14
Views: 800

Re: Liability insurance needed if renting apartment?

I don't have an umbrella policy because I own a house. I have an umbrella policy because I drive a car. Honestly, I can't think of any even remotely likely accident on my (pool-less) property that would exceed my primary homeowners policy limits. Conversely, I could quite easily cause a wreck at 60m...
by steadyeddy
Fri Jul 15, 2016 2:24 pm
Forum: Forum Issues and Administration
Topic: Problem with cell phone + this website
Replies: 30
Views: 2600

Re: Problem with cell phone + this website

I have experienced the same issue, but only when I move around between different towers or wifi networks. If I am sitting at home on my own wifi network, I stay logged in between browsing sessions. Does this mesh with your experience, Almost there?
by steadyeddy
Fri Jul 15, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship between interest rates and real estate prices?
Replies: 16
Views: 1451

Re: Relationship between interest rates and real estate prices?

If interest rates rise, demand will likely fall which we would expect to decrease house prices. But most people cannot afford to sell at a loss and might delay selling their house which will decrease supply which we would expect to increase prices. At that point in time inflation will also take off ...
by steadyeddy
Wed Jun 22, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I express my inheritence thoughts to my father?
Replies: 78
Views: 6112

Re: Should I express my inheritence thoughts to my father?

Were you hoping that at some point your siblings would declare you the winner and salute? Life is not a competition; you don't get a trophy at the end for doing it "better." Enjoy the journey.
by steadyeddy
Wed Jun 22, 2016 5:15 am
Forum: Personal Consumer Issues
Topic: House hunting, tips and why do people list houses too high?
Replies: 41
Views: 4024

Re: House hunting, tips and why do people list houses too high?

Rodc wrote:
Epsilon Delta wrote:
edge wrote:Where do you live that houses are less than 100$/sqft?

Between the Appalachians and the Sierras.


Skipping Chicago and Denver/Boulder. :happy


You can nix Minneapolis and Austin while you're at it. And anywhere else with an abundance of well paying jobs.
by steadyeddy
Tue Jun 21, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use this realtor?
Replies: 27
Views: 2134

Re: Should I use this realtor?

That's bizarre. If I walk into an open house of my own free will, I feel no duty to hire the putz standing by the island counter. Actually, I might just start hiding behind the front door of open houses and ambushing people that walk in. "Aha! You are now legally obligated to work with me to bu...
by steadyeddy
Tue Jun 21, 2016 5:30 pm
Forum: Personal Consumer Issues
Topic: House hunting, tips and why do people list houses too high?
Replies: 41
Views: 4024

Re: House hunting, tips and why do people list houses too high?

In my area, homes in a particular neighborhood tend to be priced in a relatively tight range on a per square foot basis. This makes it easy to spot outliers. I also wouldn't be scared about putting in a fair (low) offer to an overpriced seller. Their agent likely knows full well the home is overpric...
by steadyeddy
Tue Jun 07, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Umbrella Insurance
Replies: 8
Views: 846

Re: Personal Umbrella Insurance

I want to share my experience in case it can help others. I've read these threads for years, but waffled on getting an umbrella policy because we are young with relatively modest assets and a low-liability profile (e.g. no kids, pool, boat, etc.). This year I finally asked my agent what an umbrella ...
by steadyeddy
Tue May 31, 2016 9:14 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 136
Views: 11335

Re: International stocks underperformed for the last 20 years.

Kosomoto, you have asked whether we have a reason to believe international equities will not chronically underperform US equities in perpetuity. My question is whether you have a reason to believe they will. I believe that the global financial markets are relatively efficient and that globalization ...

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