Search found 542 matches

by veindoc
Tue Jun 18, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone reassure me - late mortgage payment through no fault of my own
Replies: 9
Views: 1041

Re: Can someone reassure me - late mortgage payment through no fault of my own

My mortgage and my banking are through the same bank. I've had my mortgage on autopay since its inception. Toward the end of last month there was a notice on my landing page that there was going to be some online servicing and mortgage payments would not show as coming out on the 1st of the month b...
by veindoc
Sun Jun 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3792

Re: Should we retire in 4 years?

What kind of work do you do? You don’t think you can hire someone to work 9 months of the year? Teachers do it. We jus had someone come out and fix our irrigation system. The company is run by the owner. I say he’s late 60s and he has a 20+ year old helper. If I had to guess that kind of work is sea...
by veindoc
Sat Jun 15, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: Best way to teach my 4 year old to be fluent in Spanish?
Replies: 53
Views: 3194

Re: Best way to teach my 4 year old to be fluent in Spanish?

Hire a Spanish speaking nanny. Did this with my kid from age 0-6. No nanny now but he still understands everything perfectly. We have videos of him telling stories in Spanish. It does require constant practice because I noticed two years ago or so he doesn’t answer back in Spanish anymore if it req...
by veindoc
Sat Jun 15, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

In future, tighten up the inspection contingency. This back and forth cost you a month or more time. I recall we had 10 days to do inspection, bring up issues, iron them out, and sign.
by veindoc
Fri Jun 14, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4762

Re: Should I call it quits?

I was driven to work very hard growing up so I think it's a very valuable lesson, but I also think taking advantage of opportunities and living life to the fullest is also something that should be encouraged. So I wouldn't think my kids would think I'm lazy or taking it easy, but trying to enjoy li...
by veindoc
Fri Jun 14, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 630

Re: Please help - Planning for Baby #2

When is the baby due?

Take the $200 that you are saving for future baby’s education and deploy that towards debt. How old is the other child that you are saving for? - the $250 that you are putting into the 529.

If you take both those amounts how long before the student loan is paid off?
by veindoc
Fri Jun 14, 2019 2:07 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3347

Re: Purchasing home with less than 20% downpayment experiences?

We qualified based on first time home buyer status to put 15% down and not pay PMI. This was through third federal. We opted to do this. Yes the mortgage balance was higher but it was hard to fork over so much cash that we had diligently been putting away every month for 5 years and leave just a lit...
by veindoc
Fri Jun 14, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4762

Re: Should I call it quits?

Is there an option B? A consistently low stress job. Sounds like you had no complaints until this new assignment. How long is this assignment anyway? Could you just stick it out? Isn’t this what we try to each our kids- to stick through difficult things. Having said that, I stepped back to raise my ...
by veindoc
Fri Jun 14, 2019 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

mbres60 wrote:
Fri Jun 14, 2019 6:22 am
I would not want this locked. I'm waiting to hear the ending to all of this. You can stop reading if you are not interested anymore.
+1
by veindoc
Thu Jun 13, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

I thought the final offer was your previous one. You allowed buyer to attend perc test with understanding that the price would be reduced by the written estimate. Why were they allowed to counter? I find this absurd that this run around is occurring 14 days before closing. Makes me think buyer is no...
by veindoc
Thu Jun 13, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

You are acting like a bird in the hand is worth three in the bush. Let’s examine that. House listed for 450k and contracted for $475k. Minus $5200 for miscellaneous repairs Minus $22,000 for septic and $500 for perc test. Now you are at $447,000 and a lot more gray hairs. Relist the house for $450,0...
by veindoc
Mon Jun 10, 2019 8:31 pm
Forum: Personal Consumer Issues
Topic: Recycling - questions and answers
Replies: 14
Views: 1441

Re: Recycling - questions and answers

My son has been volunteering at ReStore, which is run by Habitat for Humanity. I had never gone in there before but went in recently to pick him up. There are a lot of things in there that would certainly be useful for some people...things that I have seen tossed into the garbage before, so if you ...
by veindoc
Mon Jun 10, 2019 4:51 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3667

Re: Receiving windfall and not sure what to do

Did you meet with the Valic rep yet? Curious to see what they offer.
The best fund that I see is the nationwide 500 index fund. I would allocate all your contributions to that fund. The target date funds are too expensive.
by veindoc
Mon Jun 10, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Sounds reasonable. Instead of credit you can lower purchase price as previously suggested reducing realtors commission which saves you 6% of the 10k or so and less for buyer to mortgage which they may appreciate.
by veindoc
Mon Jun 10, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Quick update on the septic adventure. Septic perk test was done this morning. Results were excellent- soil was great, dug down 15 feet and still did not hit any water, which I understand now is a good thing. Buyer's spouse was there as well with septic guy and county inspector. Septic guy said that...
by veindoc
Sat Jun 08, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 1997

Re: How to start outsourcing?

I think your concerns are valid. I’ve utilized the same services at different points in my life. I say yes to cleaning service. Roomba is also good. One thing about a cleaning service is that it forces you to declutter prior to their arrival. They can’t clean if your stuff is covering everything. I ...
by veindoc
Fri Jun 07, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1515

Re: Household Assistant/Helper

What you are describing is pretty much in the realm of what a nanny does and the description won’t seem odd. This will likely attract an empty nester parent rather a recent college grad. The only difference is that a nanny will do light housework. Picking up things and returning them to their homes ...
by veindoc
Fri Jun 07, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

- Would also add in my response: In order to protect sellers interest and maximize opportunity in a strong sellers market, sellers have decided to continue communication with initial losing bidder and open the home up to back up offers until septic amendment is accepted and financing is approved. E...
by veindoc
Fri Jun 07, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1515

Re: Household Assistant/Helper

I've been thinking about how helpful it would be to have a helper or assistant around the house. My wife and I both work full time and want to prioritize and maximize time doing things that are important to us including: 1) spending time with our young family, 2) being fully focused on work while w...
by veindoc
Fri Jun 07, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Three of the best options I think that I have based on advice/guidance received here: 1. Accept offer from buyer as is (credit buyer amount of estimate PLUS $3k in escrow. W/this buyer, I believe buyer would find a way to spend that $3k) 2. Counter offer and credit buyer amount of estimate PLUS $1k...
by veindoc
Fri Jun 07, 2019 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Here is where because buyer is financing it becomes an issue: Because buyer wants to finance, an appraisal is needed. Per my agent, an appraisal cannot be completed until septic amendment is signed. Financing complicates things. And since I'm not sure that licensed septic can schedule out and get t...
by veindoc
Thu Jun 06, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

The septic repair itself will take one day, two days tops. Your prior posts said the perc test is 6/10, you will have an repair estimate 6/10 or 6/11 and closing is 6/27. If the repair will only take 1-2 days, any chance the repair company can get the repair done, county could inspect and sign off,...
by veindoc
Wed Jun 05, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Aren’t you curious how they came to $3000? The perc test is not done and the estimate is not done. If it costs $5k, they are asking for 60% more in escrow. If it is 10k, 30% more. Unless the estimate runs 30k or more, I think it’s too generous an amount for overage. Don’t most people use a rule of t...
by veindoc
Wed Jun 05, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Never mind. Saw perc test not done yet.
I would just reject the addendum and see if they accept yours or offer an alternative. Call it a bluff but it would be interesting to see how they react.
by veindoc
Wed Jun 05, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

Agree with all above. Obtaining financing makes the no appraisal contingency irrelevant. If the house doesn’t appraise, may not be able to get financing. The bank is not going to loan more than the house is worth. And if the cash for the house was from a HELOC or other questionable source then that ...
by veindoc
Wed Jun 05, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

I don't know. Actions speak louder than words. I think if buyer knew I was getting annoyed enough to start taking back up offers, it would influence him to stop the nitpicking. And agreed the septic needs to be fixed or buyer needs to be credited, whether it be this buyer or the next. Keep calling ...
by veindoc
Wed Jun 05, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5918

Re: Would you buy a house without a garage?

You don’t elaborate in what part of the country you are in. If it snows there, access to the garage is imperative. If it doesn’t snow, not a deal breaker. But seems like you have the answer to your question already. The house has been on the market for awhile, so it seems for resale people do want a...
by veindoc
Tue Jun 04, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5440

Re: Is it Wise to Remove Escrow if Bank Allows it?

Our property taxes are $15k per year. My escrow account does not pay interest. If my property taxes were low, say 2 to 3,000, I suppose it wouldn’t bother me so much.
by veindoc
Tue Jun 04, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

What do you want out of this? A fast close? The most money? The least hassle? And what are your options? For a fast close, get the estimate and the work done. Least hassle: pull out of the deal, not sure how much money you lose. Is it just losing the earnest deposit and time on the market? Keep in m...
by veindoc
Sun Jun 02, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

Interesting. Based on those links from MtnTraveler he can take online course at community college, which means he doesn’t even need to move. He can live at home. He can work and pay for school. Heck he can pay his gas and possibly car insurance too. 529 the first semester. And his contributions from...
by veindoc
Sun Jun 02, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

If this were me, I would have your son move to the city with the closest community college. He would have to move anyway if he went to the state college. Get an apartment and a job and take classes in the evening. You pay for rental deposit (first and last month rent with security deposit), tuition ...
by veindoc
Sat Jun 01, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

He would be going in with no major. He just wants credits and to bring up his GPA to go into a program somewhere else. College he is going to does not even offer the major he wants. Also, he will have some college credits from the AP classes he took in HS. He took physics, calc, trig and I think at...
by veindoc
Fri May 31, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Reduce retirement contributions or take out a mortgage?
Replies: 23
Views: 1258

Re: Reduce retirement contributions or take out a mortgage?

@decapod10 Good arguments. After having two babies during husband's med school, being the sole breadwinner, and in charge of the kids and household, I'm getting burnt out. That's not likely to change during residency. I just don't want to deal with yucky housing on top of that. I guess that's my pe...
by veindoc
Thu May 30, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14455

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

I wouldn’t worry about the parents. They are unlikely to outlive 10 million unless they fall into dementia and become prey. Let them have at it and enjoy themselves: gambling or otherwise. As far as your wife goes, I would work on a plan to give her a monthly stipend to make sure the kids are taken ...
by veindoc
Thu May 30, 2019 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

All of our cars are paid for and have 90k, 112k, and 110k miles on them. None are worth more than $15k. We drive all of them at the same time a lot of times. Our utilities are insane. Gas, electricity can be $300 each in the winter. Water is $100+ every month. Wife and son got stupid new phones for...
by veindoc
Wed May 29, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce retirement contributions or take out a mortgage?
Replies: 23
Views: 1258

Re: Reduce retirement contributions or take out a mortgage?

I don’t see what the issue is. Rent a single family home. Rental does not equal tiny apartment. We rented a SFH and it was a very nice house. Or are you afraid you won’t be able to pay rent with existing cash flow. Remember your husband will have income now and won’t be dead weight. :greedy So is yo...
by veindoc
Wed May 29, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11054

Re: Paying Kids For Good Grades -- do you do it?

Never occurred to me. Part of me says no. Taking school seriously is expected as is brushing their teeth daily. But at the same time, I could see myself rewarding exemplary performance with a special prize. My oldest two suffer with attention issues and their grades are all over the place. And how t...
by veindoc
Wed May 29, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 316
Views: 21709

Re: Selling home- Demanding Buyer (Repairs)

I like option 2. Give the buyer the written estimate with the money and allow him/her to deal with it. Especially if there is a good chance the landscaping will be damaged. Similarly the buyer might decide for upgrades you would not select. Why do you think the buyer will not accept? Is that a hunch...
by veindoc
Wed May 29, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

For some reason, this post has really affected me. I totally understand that many people can't afford or don't want to pay for their kids college. And I believe that parents must make sure their retirement is on track before shelling out big bucks for their kid's college. And I recognize that many ...
by veindoc
Tue May 28, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14600

Re: Can we afford to pay for our kid's college (at all)?

Simply said, no. Did you just buy a new house? Or did you refinance? Trying to understand how you still have 28 years left on mortgage. Is that 2k left over after you have put in the requisite amount monthly to get to the $50k in taxable. Child has to get a summer job maybe even two and work though ...
by veindoc
Tue May 28, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10327

Re: House not selling

Well i texted him Sunday with no response. I called him monday morning and left a voicemail with no response. I'm not suggesting realtors should work bankers hours, but you do realize this was Memorial Day weekend, right? Maybe he spent Monday visiting the graves of his loved ones. the walls were r...
by veindoc
Tue May 28, 2019 11:10 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 74
Views: 6923

Re: For those of us that can't max contribute

I would recommend cutting expenses over raiding your EF especially being a single income family.
by veindoc
Tue May 28, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Home sale (Estate)
Replies: 33
Views: 1413

Re: Home sale (Estate)

The first thing to address and maybe you have already is how open is your brother to opposing opinions. If he is accepting then by all means solicit opinions from strangers in the internet and then report to him the final summary. If your brother has not been one historically to welcome opposing opi...
by veindoc
Tue May 28, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: Floor pillows for kids?
Replies: 12
Views: 917

Re: Floor pillows for kids?

My 9 yr plays on the floor (lego/puzzles/reading etc) and hates to use his desk. I noticed that his classmates visit us they do the same thing. We even have a really nice table for the board games but they still prefer to do everything on the floor. I googled for floor pillows - small bean bags loo...
by veindoc
Mon May 27, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3275

Re: Blended Family Issues and Keeping Things Equal

An estate attorney. Ours cost us $2k. It’s a big bite but gives you peace of mind. My concern about giving money to your parents for the benefit of your kids is when do you want them to hand over the money to your kids. What if your new wife is struggling over the loss of you and can’t work. Are you...
by veindoc
Sun May 26, 2019 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10327

Re: House not selling

You need a fresh set of eyes. When is your contract with your realtor up? If not for another few months recruit the friend that has no filter to come over. Everyone has at least one friend like that. While your house may be clean, how is the furniture holding up? My sister in law is extremely clean ...
by veindoc
Sun May 26, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5223

Re: Close to making an offer on a home

I think the first house is going to get into a bidding war and likely go 20-25K over asking and I dont like the deception no matter how small... What deception? about the oil stain The same oil stain you saw in the listing photos? If somehow you feel deceived by that, you will likely never find a h...
by veindoc
Sun May 26, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5223

Re: Close to making an offer on a home

Time for some tough love. The types of questions you are asking along with some of the details you have posted lead me to conclude you are not yet ready to buy any home, not just this one. The mentality of “this seller seems well to do so they must not need 10-15k like we do so we will submit a low...
by veindoc
Sat May 25, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7214

Re: “Upsizing” are we foolish?

How long do you plan to stay in new house? Will you stay in the area after the little one has flown the coop? You might find that you don’t want to move after your child has left. My parents expected to leave once they empty nested but they loved the area, their home, neighbors etc and stayed there....