Search found 599 matches

by steadyeddy
Tue May 23, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?
Replies: 15
Views: 1425

Re: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?

Are you saying to pre-pay all 4 years in a lump? Not just tuition due? Yes, pre-pay all total in a lump, not just tuition due. This specific program is a grad program with fixed hours and numbers of courses over 2 years. I can see why institutions should do this (reduced attrition), but I doubt you...
by steadyeddy
Tue May 16, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 7309

Which Small SUV for 15 Year Reliability?

I would like to buy a new 2017 or 2018 small SUV, and keep it until the year 2030 and beyond. I recognize that some repairs will be required to keep a car running this long, but I'd like to minimize expensive repairs, and I certainly don't want to be regularly stranded on the side of the road as the...
by steadyeddy
Sat May 13, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank can't put memo on recurring billpay payments?
Replies: 2
Views: 426

Ally Bank can't put memo on recurring billpay payments?

I've been a happy Ally Bank customer for checking, savings, and CD's for a few years now, but I just discovered a hole in their billpay service that I find very annoying. I want to use Ally's billpay service to send two monthly checks to the same vendor for two different services. I would like to pu...
by steadyeddy
Sun Apr 09, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2084

Re: BH thoughts on car insurance

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. ...
by steadyeddy
Sun Apr 09, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2084

Re: BH thoughts on car insurance

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. I...
by steadyeddy
Wed Apr 05, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 24381

Re: Low-earners- What is your profession?

Whole life insurance salesman, selling exclusively to bogleheads.

$0/yr
by steadyeddy
Sun Apr 02, 2017 9:56 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?

None of us know what the future holds (SS, market returns, health, etc), so we do whatever seems prudent. I expect social security will pay 100% since it keeps a huge number of people off the streets, but it's a very uneducated guess.
by steadyeddy
Tue Feb 21, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Agencies
Replies: 2
Views: 293

Re: Insurance Agencies

Insurance is not the devil. Bogleheads typically have life, health, disability, home, auto, umbrella, etc. The vast majority of insurance companies do not sell directly to consumers. If you want (highly competitive) quotes from these carriers, you need to work with an agent. I would say that P&C...
by steadyeddy
Thu Feb 02, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2253

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

OP, saving $11k of a $95k income for retirement seems like a prudent amount to me. I personally would not want reduce this amount to save for a down payment. Instead, I would try to increase my income or decrease my expenses if I could. But I'll also fess up that we did decrease our retirement contr...
by steadyeddy
Tue Jan 31, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How do empty restaurants stay in business?
Replies: 28
Views: 2981

Re: How do empty restaurants stay in business?

We have quite a few immigrant-run restaurants that I suspect make the owners less than minimum wage if they were to do the math. But with limited language skills, the proprietors have few other options. A $20k/yr profit for two full-time owners wouldn't keep me from closing the doors, but they can l...
by steadyeddy
Sat Jan 14, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3378

Re: Stay in paid-off starter house vs. dream house+work a few more years

You only save $250,000 per year?! Enjoy your cat food in retirement! I think you should downsize to save more money. But seriously, if you truly love the house, there is no need to over analyze the financials. You make good money, you save great money, and no matter how much we even plan, market mov...
by steadyeddy
Mon Jan 02, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buy or keep renting in Manhattan?
Replies: 25
Views: 3257

Re: Buy or keep renting in Manhattan?

When income is high but volatile, its best to make large purchases in cash. I would rent if you're not ready to do that.
by steadyeddy
Wed Dec 14, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: FED Raises Rates - Sky Falls! Bond Prices are UP!
Replies: 29
Views: 5811

Re: FED Raises Rates - Sky Falls! Bond Prices are UP!

What's interesting to me is that folks on this forum state the market has things "priced in." It seemed the rate increase would have been priced in yesterday, yet markets are down today. But is that the only factor influencing the market today? No, but isn't it the main factor cited today...
by steadyeddy
Mon Dec 12, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on a 5/5 ARM in this environment?
Replies: 27
Views: 2462

Re: Taking on a 5/5 ARM in this environment?

When faced with similar options, I popped the total costs of each mortgage over 30 years into Excel and found my best available 30 year fixed rate option would be a better than deal than my best 5/5 ARM option after 13 years, assuming the worst-case rate increases. I took the ARM knowing I am unlike...
by steadyeddy
Mon Dec 05, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Trying to fund retirement in late 20s.
Replies: 23
Views: 2633

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: 90
Views: 11868

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: 38
Views: 2297

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: 5144

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: 5144

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 5147

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: 1351

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: 24492

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: 229

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: 3813

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: 3018

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: 6545

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: 13430

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: 4938

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: 13430

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: 13430

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: 2797

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: 2542

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: 35012

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: 3695

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: 12255

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: 1826

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: 2000

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: 1891

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, ...

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