Search found 321 matches

by ND Fan 1
Fri Sep 11, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

In a LCOL area, I think that it's probably best from a financial standpoint to not have a mortgage greater than double your annual gross household income. If we add in the $85k of home equity you already have, this would cap your budget at around $365k ($280k + $85k). In most LCOL areas, you can bu...
by ND Fan 1
Fri Sep 11, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

Realistic Home Buying Budget .... Age 35, .... Using traditional rules: 3X income- $420K PIT 28% monthly gross income- $3,266 loan payment PIT 25% of monthly net income- $2500 loan payment Forget the ancient 3x income saying, that does not take the current interest rates into account using that doe...
by ND Fan 1
Fri Sep 11, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

Wow, those private school costs are unreal. Local faith-based I'm sure, not Phillips Exeter. Yes, local Catholic school. Lucky our city has a pretty solid set of Catholic schools that have waiting lists some years, helps keep the cost down. As a comparison my in laws in Cincinnati its closer to $10...
by ND Fan 1
Fri Sep 11, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

Considerations and random thoughts: 1. Neighborhood: your childrens environment and peer group has a great effect on their youth and imprinting. 2. How much more financially secure do you have to be to buy a bigger home? Start shopping now? 3. Here we could get 15 acres, and a 4500 sf house for $50...
by ND Fan 1
Fri Sep 11, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

Given that you are bringing in $107K of cash along with another $60K of equity (less selling expenses) I think you can very comfortably be in the $450-500K range if you want. A 4500 square foot house with 15 acres is very large (even with 4 kids). Could you buy a 3500 square foot house with an unfi...
by ND Fan 1
Fri Sep 11, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

We live in a similar area, a suburb of a midwest city--LCOL to MCOL. We make a little more than you, about $165k combined. Also a federal employee. We have a lot in common. I would not buy a $450k house. We bought a couple years ago, and bought a ~$300k home. If you're planning on private schools a...
by ND Fan 1
Fri Sep 11, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Re: Realistic Home Buying Budget

Regarding private school expense: Is it $10-14k per child per year or $10-14k total for all 4 kids? If it's the latter, that's a very, very inexpensive private school and I wonder how they can even afford to pay and retain teachers/staff. Would the 15 acres be farmland, forest, something else? The ...
by ND Fan 1
Fri Sep 11, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Realistic Home Buying Budget
Replies: 25
Views: 2438

Realistic Home Buying Budget

I've been working hard to come up with a realistic home buying budget. For my own sanity, but mostly for my wife, who is extremely frugal, cautious with money. The problem is her budget is all based on feeling, while I completely handle our finances, and have built all kinds of Excel tools to show h...
by ND Fan 1
Fri Jul 17, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8511

Re: Elementary school in Fall - choose Virtual or In-person

It makes sense that many cannot or would not consider homeschooling, given a need to have both spouses work and/or other commitments / obstacles. But, it's still a bit surprising to see no discussion here about homeschooling, which has seen a big uptick in interest since remote learning began. Home...
by ND Fan 1
Tue Apr 14, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus Payment Question
Replies: 10
Views: 1240

Re: Stimulus Payment Question

Following the info in this thread, I think I got my situation figured out. Had our 4th baby in 2019, but we haven't filed out 2019 taxes yet. So our 2018 taxes were used for the stimulus check calculation. She wasn't on our 2018 taxes, so we did not receive $500 for her. When I filed my 2020 taxes, ...
by ND Fan 1
Thu Mar 19, 2020 10:00 pm
Forum: Personal Investments
Topic: 529 plans and volatility
Replies: 9
Views: 645

Re: 529 plans and volatility

I posted this about a week ago for my 529 Plan .............Enrollment.....Years Out....Allocation Tier 1..............................0-3...........Stable Value Tier 2..............................4-6..........30/70 Tier 3........2027-2032......7 - 12 ........60/40 Tier 4........2033-2038......13 -...
by ND Fan 1
Wed Mar 18, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: May I deduct health-insurance co's contribution to my HSA?
Replies: 9
Views: 502

Re: May I deduct health-insurance co's contribution to my HSA?

Yes, the premium pass through comes from your FEHB premium, which is already taken out pre-tax. Your taxable income has already been reduced by your premiums, so therefore the $1500 contribution to the HSA has already been deducted. I'm the exact same situation as you, and I can double, check, but p...
by ND Fan 1
Thu Mar 12, 2020 7:24 am
Forum: Personal Investments
Topic: 529 Allocations and Tiers
Replies: 2
Views: 192

Re: 529 Allocations and Tiers

Looks reasonable to me. I'm sending my second off to college this fall with a third coming in 3 years. I'm a little more aggressive than you but did a similar type of taper. Thank you for your response. Honestly, I'm torn between taking a little more risk, since I can probably cash flow all of K-12...
by ND Fan 1
Wed Mar 11, 2020 2:12 pm
Forum: Personal Investments
Topic: 529 Allocations and Tiers
Replies: 2
Views: 192

529 Allocations and Tiers

So taking a hard look at my 529 accounts, my risk tolerance and timeline for the funds. I' trying to set up the accounts to account for potentially using it for K-12 and how to set up for a much larger timeline as opposed to just the 4 years for college. Based off tuition rates for our current schoo...
by ND Fan 1
Fri May 10, 2019 3:13 pm
Forum: Personal Consumer Issues
Topic: Self-Propelled Lawn Mower
Replies: 19
Views: 1251

Re: Self-Propelled Lawn Mower

I just done researching this topic and I went with the below Toro. The SmartStow technology allows it to be stowed vertically, and the gas won't leak into the engine. Pretty nifty design and saves a ton of space. It is front wheel drive but it also has large back wheels, makes it a bit easier for tu...
by ND Fan 1
Sun Apr 14, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 7939

Re: Soon to be dad, how to prepare

Just wanted some feedback on how to prepare myself Start by waking up from a sound sleep every 2-4 hours. Don't worry, that phase only lasts for 18 years or so. Good luck. Thanks for the good laugh, we are expecting baby #4 in August and just keep resetting the clock, haha. Somehow you just survive...
by ND Fan 1
Sun Mar 31, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2882

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Our friends over at r/churning put together a pretty good flowchart for CC decisions. If you are at 5/24, my recommendation would be the Barclays Arrival +. Right now it has its highest bonus of 70K miles with the annual fee waived the first year. Barclays has a 6/24 rules, so do that one first bef...
by ND Fan 1
Sat Mar 30, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2882

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Our friends over at r/churning put together a pretty good flowchart for CC decisions. If you are at 5/24, my recommendation would be the Barclays Arrival +. Right now it has its highest bonus of 70K miles with the annual fee waived the first year. Barclays has a 6/24 rules, so do that one first bef...
by ND Fan 1
Sat Mar 30, 2019 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 96
Views: 16043

Re: Primer on Paying Taxes With a Credit Card

If you want to meet some minumum spend of credit cards, you can "overpay" your taxes, then float the difference until you get your refund. I was already in line for a $1K refund based on W-4 withholdings. I have then made about $8K in payments to the IRS to knock out a couple of Min spend requiremen...
by ND Fan 1
Fri Mar 29, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2882

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Our friends over at r/churning put together a pretty good flowchart for CC decisions. If you are at 5/24, my recommendation would be the Barclays Arrival +. Right now it has its highest bonus of 70K miles with the annual fee waived the first year. Barclays has a 6/24 rules, so do that one first befo...
by ND Fan 1
Fri Mar 29, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2882

Re: Credit card to get after using up bonus offers due to 5/24 rule?

Our friends over at r/churning put together a pretty good flowchart for CC decisions. If you are at 5/24, my recommendation would be the Barclays Arrival +. Right now it has its highest bonus of 70K miles with the annual fee waived the first year. Barclays has a 6/24 rules, so do that one first befo...
by ND Fan 1
Fri Mar 29, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 14000

Re: Is our household budget crazy?

Yeah, some of the numbers are high, but in aggregate you are spending less than 1/4 of your gross income, so what's the problem? You're right, it's not like we're living beyond our means. Yet I have this nagging feeling that we could cut our spending by a significant amount without reducing our qua...
by ND Fan 1
Fri Mar 15, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Lawn care schedule
Replies: 83
Views: 8849

Re: Lawn care schedule

I'm no expert, but I buy the bags of fertilizer at Menards, labled, 1-4. Timline is early spring, late spring/early summer, mid/late summer, late summer/early fall. Seems to do a pretty good job, keeping the weeds away. My kids play in the yard all summer so it does the job. 1. Is Crabgreass Preven...
by ND Fan 1
Fri Mar 15, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 72
Views: 11768

Re: Any credit cards that can beat the Citi doublecash?

I’ve become a US Bank shill. Altitude Reserve. 4.5% cash back on Travel and Mobile Wallet (Apple/Samsung/Google Pay). Pair with Doublecash for when you can’t use mobile wallet. Net $75 annual fee means you just need to spend $250/mo on travel and mobile wallet to beat a straight 2% cash back card a...
by ND Fan 1
Wed Mar 13, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Lawn care schedule
Replies: 83
Views: 8849

Re: Lawn care schedule

I'm no expert, but I buy the bags of fertilizer at Menards, labled, 1-4. Timline is early spring, late spring/early summer, mid/late summer, late summer/early fall. Seems to do a pretty good job, keeping the weeds away. My kids play in the yard all summer so it does the job. 1. Is Crabgreass Prevent...
by ND Fan 1
Sat Mar 02, 2019 10:29 am
Forum: Personal Investments
Topic: HYSA vs Stable Fund for 529 "Buckets"
Replies: 0
Views: 345

HYSA vs Stable Fund for 529 "Buckets"

I researching 529 accounts, and have some questions between the difference of the returns on the Stable Value and High Yield Savings options in the Indiana Plan. I'm a resident so I get a $1000 tax credit and plan on using the funds for K-12 education. So I'm looking at my options for the funds to b...
by ND Fan 1
Fri Feb 22, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: More Bad News for USAA Bank
Replies: 61
Views: 12721

Re: More Bad News for USAA Bank

I use USAA for my primary checking mainly since it was my first account and it is so intertwined with all my other accounts. Plus, I have the account info memorized so it makes it easy to use. It doens't earn any interest but I only keep around $5K or so in it. I did recently open a Memory bank acco...
by ND Fan 1
Sun Feb 10, 2019 10:03 am
Forum: Personal Investments
Topic: Glide Path Computations for College Savings
Replies: 9
Views: 748

Re: Glide Path Computations for College Savings

This is an interesting topic and something i have dived into recently. I have 3 kids, 5,4,2 and 1 on the way. Right now I only have 2 529 accounts, but will open 2 more for the younger ones. What complicates mine is that I plan on using 529 funds for k-12 due to the recent law change. So I'm trying ...
by ND Fan 1
Fri Dec 21, 2018 2:52 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 14412

Re: Is anyone's portfolio not tanking???

Stocks go up; stocks go down. If you have the proper asset allocation, you just ignore it and life goes on. This is a good point and I've always wondered why some people track their portfolio against benchmarks or know what %+/- they are for the year. If we are supposed to "stay the course", "time ...
by ND Fan 1
Sun Oct 28, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Elect to Withhold Nothing From Paycheck?
Replies: 13
Views: 1992

Re: Can I Elect to Withhold Nothing From Paycheck?

Could you just raise your exemptions to like 10 to minimize how much is withheld
by ND Fan 1
Wed Sep 26, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921498

Re: What's Your Credit Card Rewards Strategy?

Your SPG card is earning Marriott Rewards points, not Membership Rewards. I know that the Amex SPG earns Marriott points :wink: . What I meant was (obviously it wasn't clear) was that I don't have any other Amex cards for now (Platinum, PRG, EDP, etc) that would earn Membership Rewards points becau...
by ND Fan 1
Tue Sep 25, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for Private Elementary School? Minimize capital gains?
Replies: 11
Views: 1301

Re: 529 for Private Elementary School? Minimize capital gains?

I plan on dumping money into 529 plans to pay for K-12. I could cash flow it, but night as well get some tax free growth. With 3 kids, it would be hard to over fund. I've looked at some stable fund options to put the next few years' tuition in. Won't earn a ton, but still tax free
by ND Fan 1
Wed Sep 05, 2018 1:52 pm
Forum: Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 12066

Re: Max you should invest in a 529?

This is subject to your state allowing it as well. Only if you claim a tax deduction or credit from your state. So I'm an IN resident, and IN allows a 20% tax credit up to $1000. I put in $5K a year to max out that credit. IN then passed a law stating any funds you put into a 529 and received a cre...
by ND Fan 1
Tue Sep 04, 2018 3:13 pm
Forum: Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 12066

Re: Max you should invest in a 529?

529 can only be used for college. So don't over do it even it is tax free on earning. Max your retirement 1st, then 529. I believe this is incorrect. The Tax Cuts and Jobs Act, which was signed into law in December 2017, allows families to use 529 plans to pay for up to $10,000 in tuition expenses ...
by ND Fan 1
Tue Sep 04, 2018 1:55 pm
Forum: Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 12066

Re: Max you should invest in a 529?

529 can only be used for college. So don't over do it even it is tax free on earning. Max your retirement 1st, then 529. I believe this is incorrect. The Tax Cuts and Jobs Act, which was signed into law in December 2017, allows families to use 529 plans to pay for up to $10,000 in tuition expenses ...
by ND Fan 1
Sun Jun 10, 2018 9:47 am
Forum: Personal Investments
Topic: 529 Grade School Strategy, all excess Cash to 529?
Replies: 2
Views: 315

Re: 529 Grade School Strategy, all excess Cash to 529?

Indiana really has a great tax benefit, but before making long term plans I would suggest taking a good look at Indiana house bill 1039 that appears to have quite broad support from both sides of the aisle. https://iga.in.gov/legislative/2018/bills/house/1039 My kids are a bit younger at 3 and 2 mo...
by ND Fan 1
Sun Jun 10, 2018 9:03 am
Forum: Personal Investments
Topic: 529 Grade School Strategy, all excess Cash to 529?
Replies: 2
Views: 315

529 Grade School Strategy, all excess Cash to 529?

We are planning on sending our children to private school so the 529 reform was a game changer for us. We currently have 3 children (ages: 5,3,and 1) and will have at least 1 more. We already started 529 plans for them and have $150K in there, plus I've transferred 4 years of Gi Bill benefits to my ...
by ND Fan 1
Fri Jun 01, 2018 2:59 pm
Forum: Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 14417

Re: Why have a savings account at all?

I keep around $25-30K in liquid cash, that I then moved around to qualify for bank bonuses. A lot of accounts will pay you $200 after doing a Direct deposit, but you have to keep a min balance of say $500-$1500 for 6 months before you can close. So I receive the bonus ,then leave the min balance in ...
by ND Fan 1
Fri Jun 01, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 77
Views: 11923

Re: General Electric

I have some good buddies who work at GE and can attest to cost cutting measures going on much to the dismay of employees. Their aviation division is on of the few profitable divisions left, possibly look for that to be sold off to raise much needed capital.
by ND Fan 1
Fri Jun 01, 2018 10:09 am
Forum: Personal Investments
Topic: Easy way to meet minimum monthly transaction thresholds
Replies: 8
Views: 750

Re: Easy way to meet minimum monthly transaction thresholds

If I know I'm need to do a Amazon purchase, I buy reload my amazon gift card balance in $.50 increments. The gas pump is another good one, or individual bananas at the self checkout at the grocery store.

I like the Venmo idea as well, good call.
by ND Fan 1
Thu May 31, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 56501

Re: GEICO auto rates vs. USAA: too good to be true?

I just compared USAA with AMICA for Home and Auto. Same coverage limits for both USAA Auto cheaper by $364 annually and USAA Home cheaper by $480 annually. This for a 2 driver/2 car and roughly $215K house. I have been with USAA for 8 years, and haven't shopped around a ton, but haven't found anyth...
by ND Fan 1
Wed May 30, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 56501

Re: GEICO auto rates vs. USAA: too good to be true?

I just compared USAA with AMICA for Home and Auto. Same coverage limits for both USAA Auto cheaper by $364 annually and USAA Home cheaper by $480 annually. This for a 2 driver/2 car and roughly $215K house. I have been with USAA for 8 years, and haven't shopped around a ton, but haven't found anythi...
by ND Fan 1
Tue May 08, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 6629

Re: What do you pay baby sitters?

We usually pay between 12$-15$ an hr for 3 kids age, 5,3,1 in a LCOL. Some factors we consider. What time of day is the babysitter coming over? Morning routine, nap time, bed time. Basically how much extra work is involved. We normally, use them when our work schedules don't line up, since my wife i...
by ND Fan 1
Sat May 05, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 15274

Re: Have you quit eating sugar? Tell me how!

Fruit will hurt you much more than help you. Veggies yes, but fruit no. Not my understanding at all, from many things I believe very credible - www.nutritionfacts.org See what "the science says" This is why this topic is so frustrating. I try and eat healthy and the best way for me to do that is fr...
by ND Fan 1
Thu May 03, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Fifth Third Bank $200 bonus for a new $50 checking deposit?
Replies: 8
Views: 1547

Re: Fifth Third Bank $200 bonus for a new $50 checking deposit?

There is also an offer for $250 but the deposit requirement is $500 for 60 days Review https://www.doctorofcredit.com/fifth-third-200-checking-bonus-fl-ga-il-ky-mi-nc-oh-tn-wv/ I personally chase these bank bonuses, but keep detailed notes so I don't lose track of my money. I have calendar notices t...
by ND Fan 1
Wed Apr 18, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Summary of Emergency Fund Options
Replies: 16
Views: 2903

Re: Summary of Emergency Fund Options

I have a decent chunk of cash in an "emergency fund" ($20-$30K) that I use to chase bank bonuses. Some bonuses require minimum deposits to get the bonus or keep the account fee free. So I might park $5K in 1 account for 3 months, then another $5K in a separate account, and keep moving it around. Las...
by ND Fan 1
Tue Apr 10, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: PPO vs. HDHP w/HSA for Pregnancy decision
Replies: 16
Views: 7431

Re: PPO vs. HDHP w/HSA for Pregnancy decision

As far as how the baby is covered, usually if its a routine birth, no NICU, etc... I'm pretty sure everything will be covered under the mother as 1 delivery/birth. I know my 2 babies, that ended up in the NICU has separate EOBs, and bills. My 3rd baby, everything was smooth and we all left the hospi...
by ND Fan 1
Tue Apr 10, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: PPO vs. HDHP w/HSA for Pregnancy decision
Replies: 16
Views: 7431

Re: PPO vs. HDHP w/HSA for Pregnancy decision

An important aspect to look at is how are maternity visits covered? For our PPO plan, maternity is covered with no co-pay, that includes, labs, sonograms, etc... For the HDHP, maternity is 100% covered after meeting the deductible (including birth). It also depends when you get pregnant during the 1...
by ND Fan 1
Sun Apr 08, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 284
Views: 37266

Re: What is your AA, given your age? and, Why?

Wife and I are 33. We are 85/15, which breaks down to Total US Stock- 30% Small Cap- 10% Small Cap Value- 20% Total International- 15% International Small- 10% Bonds (G-Fund)- 15% With the G fund, a pretty safe bond fund, I take additional risk on the equity side. I have real good job security and w...
by ND Fan 1
Thu Apr 05, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: New Tax Law- Out of State 529 Plans
Replies: 11
Views: 1310

Re: New Tax Law- Out of State 529 Plans

The New York State Department of Taxation and Finance issued a Preliminary Report to the Governor on H.R.1, indicating that K-12 distributions may not be considered qualified distributions under New York statutes and may require recapture of any New York State tax benefits that accrued on contribut...