Search found 591 matches

by hightower
Mon Oct 07, 2019 9:41 pm
Forum: Personal Consumer Issues
Topic: Economics of upgrading to latest iPhone vs one generation behind
Replies: 36
Views: 2789

Re: Economics of upgrading to latest iPhone vs one generation behind

Lol one generation behind...I just upgraded from an iPhone 7 to an iPhone 11 and I felt like I was wasting money on something I didn’t really need. But, my battery was becoming annoyingly bad having to charge it a couple times per day. So I finally broke down and bought a new one. I guess if I get 4...
by hightower
Mon Oct 07, 2019 9:18 pm
Forum: Personal Consumer Issues
Topic: should I go with inverter/optimizers or micro-inverters for home solar?
Replies: 14
Views: 1440

Re: should I go with inverter/optimizers or micro-inverters for home solar?

Great thread and glad I found it. We are looking at a couple of quotes right now. The two companies seem good overall and trustworthy, but they differ in that one uses Solar Edge optimizers and the other Enphase Microinverters. Trying to decide which is the more reliable option. I’m leaning towards ...
by hightower
Thu Oct 03, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: New Honda CR-V vs. 2-3 Year Old CR-V?
Replies: 68
Views: 4560

Re: New Honda CR-V vs. 2-3 Year Old CR-V?

Just tossing this out there... My wife and I are looking to purchase a new or used Honda CR-V EXL. The prices for a relatively low mileage used CR-V are about $4,000-5,000 less than a new one. If we buy new, the interest rate is .09%. If we buy a used CR-V would run 4.75%. It seems like a wash to m...
by hightower
Fri Sep 27, 2019 11:44 am
Forum: Personal Consumer Issues
Topic: Do you wash berries?
Replies: 71
Views: 4111

Re: Do you wash berries?

I'm not convinced that "washing" does anything Think about it this way...if you're concerned about having clean hands after you use the bathroom or whatever, what do you do? You scrub them with soap and water. Would you ever consider just rinsing your hands in running water and be satisfied that the...
by hightower
Tue Sep 24, 2019 11:25 am
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 80
Views: 8648

Re: So, Wow [AA change after divorce]

So, if you're "in the red" each month, I would think the prudent thing to do would be to get rid of the 1.2 million dollar home and buy or rent one that is actually affordable. And the young fiancé in med school...paying for her education has to be about the dumbest thing you could be doing right no...
by hightower
Tue Sep 10, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or in the next 3 years?
Replies: 35
Views: 3882

Re: Buy a house now or in the next 3 years?

I personally wouldn't do it. I wouldn't want that much of my net worth going into a home. A combined salary and bonuses of that level technically could afford a $600+K mortgage with a big enough down payment, but again, it's personal choice if you actually want to do it. Your taxable account is your...
by hightower
Fri Sep 06, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: I need help choosing which bank to use for a home equity loan and I'm naming names
Replies: 11
Views: 819

Re: I need help choosing which bank to use for a home equity loan and I'm naming names

I also recommend Third Federal. My brother in law who's a VP at Huntington Bank says he and all his colleagues use them for home loans/refi's/etc because their costs are unbeatable. I just used them to close on a new house and it was a shockingly smooth process and super cheap closing with a great r...
by hightower
Fri Sep 06, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: Lawn Tractor Recommendations?
Replies: 26
Views: 1832

Re: Lawn Tractor Recommendations?

I just got a new cub cadet 42" electric tractor mower. It's pretty sweet and so far amazing. I'll be using it to cut well over an acre. It's the only electric riding mower out there with a lithium battery pack, so no maintenance required. It's a little pricier than a nice John Deere, but well worth...
by hightower
Fri Sep 06, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5031

Re: Stressed Over Money 25 Yr. Old

Over the last couple years I have become more frugal and constantly think I do not have enough money invested or will someday struggle with money. I despise spending money on most things. I try to find the cheapest options for nearly every purchase I make. People tell me at my age that I should enj...
by hightower
Fri Sep 06, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 3746

Re: Career change at 36- Finance to Nursing/PA?

Hello, Recently I have been considering changing my career at age 36 and going from finance (risk and compliance) to Healthcare (mainly nursing or physician assistant). I like the work I do now, but I don't feel challenged enough and want something different. I been trying to look for new opportuni...
by hightower
Fri Sep 06, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: Lawn Tractor Recommendations?
Replies: 26
Views: 1832

Re: Lawn Tractor Recommendations?

I just got a new cub cadet 42" electric tractor mower. It's pretty sweet and so far amazing. I'll be using it to cut well over an acre. It's the only electric riding mower out there with a lithium battery pack, so no maintenance required. It's a little pricier than a nice John Deere, but well worth...
by hightower
Fri Sep 06, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Federal Physician Jobs
Replies: 8
Views: 904

Re: Federal Physician Jobs

I'm a bit unclear on physician jobs with the federal government. The job listing would say something like salary is $130,000-240,000. Even at the maximum, it seems below market for this specialty. Is it possible for physicians to get higher salaries than the listed maximum, or is that a hard limit?...
by hightower
Sat Aug 31, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Lawn Tractor Recommendations?
Replies: 26
Views: 1832

Re: Lawn Tractor Recommendations?

Back in 2010, I bought a John Deere 100 series tractor. I have a 1/2 acre and it really helped speed up the job. I probably was a little lax with overall maintenance on the machine, so it only lasted me 9 years. Since it broke a few weeks ago, I have been hiring a company to come out and take care ...
by hightower
Sat Aug 31, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22130

Re: When was the most stressful financial time in your life?

Good thread. For me, it was about 5-6 years ago when I was still a fairly new attending physician working as a hospitalist. I suddenly realized that I was very unhappy with my line of work and felt hopelessly trapped because I still had 250k+ of student loans, car loans, a mortgage, and a major hous...
by hightower
Sat Aug 31, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4652

Re: Pay off mortgage with sale of taxable account assets?

New here, but surprised how many people are against paying off mortgage. I'd do it in your situation, particularly if that's what your gut says. With no housing payment making 200K, you'll replenish the taxable account in no time. What type of money emergency are people imagining where 150K cushion...
by hightower
Sat Aug 31, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4652

Re: Pay off mortgage with sale of taxable account assets?

A home is also less risky in this sense, because you can continue to live in it. If you own a home and home prices decline, your home still provides you just as much housing. If you own stocks and stock prices decline, your stocks can buy less and your standard of living will decline. The OP is in ...
by hightower
Fri Aug 30, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay off house before retirement or have available cash?
Replies: 84
Views: 6838

Re: Pay off house before retirement or have available cash?

I'm curious -- OTHER than the amount the house costs to keep up (it's an old house), and other than the associated expenses like property taxes, utilities, yard maintenance, etc., why would the VALUE of the house determine whether I could afford to live there or not in retirement? If my other asset...
by hightower
Fri Aug 30, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3563

Re: paying off 15 year vs 30 year fixed rate mortgage

I would take the 30 year for sure. You can always pretend it's a 15 year and pay it off sooner. There's no reason to tie yourself to a higher minimum payment IMO. The rates are all good right now (sub-4%). Historically speaking anything in the 4% range is a win, so go with the 30. The bank will be ...
by hightower
Fri Aug 30, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4652

Re: Pay off mortgage with sale of taxable account assets?

It is a matter of trust. If you are like me, you just fundamentally, deep-down don't trust stocks. How can you trust something whose value keeps changing? Just when you think you've made progress, boom much of the progress is wiped off the map. There are geo-political forces in play. It's like a ga...
by hightower
Thu Aug 29, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4652

Re: Pay off mortgage with sale of taxable account assets?

No, I would not suggest paying off a mortgage at this stage in life. Your money is much more valuable to you invested for the next 30 years, then it is tied up in equity in a home. IF you were 59 and about to retire, it would be a whole different story. Why are you so focused on being completely deb...
by hightower
Wed Aug 28, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff or Invest?
Replies: 30
Views: 1737

Re: Mortgage payoff or Invest?

I am thinking about paying off my mortgage and auto loan with some cash I have in an investment account, can cover both without anything left over. Is this a good plan? I am about 40, and income is little over 6 figures in the midwest. Mortgage: 4% + PMI Auto : 3.25% Investments: 6% (Long term Capi...
by hightower
Wed Aug 28, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: HDHP with pregnancy a good idea?
Replies: 13
Views: 1170

Re: HDHP with pregnancy a good idea?

I think it depends on what you have in your HSA now? If nothing, then no, you should not choose a high deductible plan. If you have a significant amount (enough to cover the max out of pocket) then sure, you can still stick with an HSA. Pregnancies can have complications that can cost big bucks. You...
by hightower
Wed Aug 28, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3563

Re: paying off 15 year vs 30 year fixed rate mortgage

I would take the 30 year for sure. You can always pretend it's a 15 year and pay it off sooner. There's no reason to tie yourself to a higher minimum payment IMO. The rates are all good right now (sub-4%). Historically speaking anything in the 4% range is a win, so go with the 30. The bank will be ...
by hightower
Wed Aug 28, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Pay off house before retirement or have available cash?
Replies: 84
Views: 6838

Re: Pay off house before retirement or have available cash?

I didn't read all the responses, but I'm curious if you've ever thought about how much money you have wrapped up in that house and what that could mean for your potential retirement income? You have a $1.7 million portfolio. Ok, not bad. But not great either, especially considering how much of your ...
by hightower
Tue Aug 27, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3563

Re: paying off 15 year vs 30 year fixed rate mortgage

I would take the 30 year for sure. You can always pretend it's a 15 year and pay it off sooner. There's no reason to tie yourself to a higher minimum payment IMO. The rates are all good right now (sub-4%). Historically speaking anything in the 4% range is a win, so go with the 30. The bank will be l...
by hightower
Tue Aug 20, 2019 6:39 am
Forum: Personal Investments
Topic: Invest vs pay off student loan in 1 year period
Replies: 43
Views: 2106

Re: Invest vs pay off student loan in 1 year period

I have ~$70k across 401k and Roth IRA. I have federal student loan at $17k with 3.8%. Thus, my current NW is $53k. If I choose to invest $19k into my 401k and assume the average rate of return of 7%, my 401k grows to $95k. My student loan goes up to $17.6k with the 3.8% interest. That puts my NW at...
by hightower
Fri Aug 16, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $400k house?
Replies: 44
Views: 4455

Re: Can we afford a $400k house?

Bogleheads: Long time lurker, first time poster. My fiancée and I (both early 30s, no kids) would like to upgrade from condo-living to a single family home within the next few years. We're in a HCOL area, and a decent single family home (1000-1500 sq/ft, 2-3 beds, 1-2 baths, yard, decent neighborho...
by hightower
Sat Aug 10, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out Re-Fi vs HELOC for landscape project
Replies: 13
Views: 722

Re: Cash out Re-Fi vs HELOC for landscape project

I am about to redo my front yard. What started as just repair/replace my driveway, how now turned into just redoing the entire landscape. The project is around $45,000 total. I have a HELOC in place to pay for this, and I actually have a savings of $100,000 (my emergency fund, or whatever we are su...
by hightower
Fri Aug 09, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 2773

Re: threshold for paying debt

Definitely no solid rule that everyone follows. It's really personal choice. Some people are comfortable with debt at a 4-5% interest, other's can't even stand 2-3%. I'm personally okay with our mortgage debt, but pretty much nothing else. I have a student loan at 2.6% that is bothering me. We are s...
by hightower
Fri Aug 09, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance from 30 to 15yr- does it make sense
Replies: 10
Views: 726

Re: Refinance from 30 to 15yr- does it make sense

I personally wouldn't bother. Just keep paying off your 30 year faster if you want to. 3.75% is a historically ridiculously good rate. No reason to refinance that and lock yourself in to a higher payment plan. You're really splitting hairs at this point. But, I'd prefer to keep the flexibility of th...
by hightower
Fri Aug 02, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5300

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

First of all, congrats on your 300,000k "profit" from your home sale. Is that all truly profit? Meaning, did you account for how much you've spent in interest, fees, repairs, upgrades, etc? Just curious because we're about to sell our home and we're hoping to get that much back after paying off the ...
by hightower
Thu Aug 01, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer, buying FSBO from landlord without agent-where to start?
Replies: 11
Views: 939

Re: First time home buyer, buying FSBO from landlord without agent-where to start?

For a first time home buyer I absolutely do NOT recommend you try to purchase a home without your own realtor. You do not need to hire a lawyer. It is the SELLER'S responsibility to pay for real estate agents. Call a realtor for yourself and ask the seller to offer him/her 3%, which is what they wou...
by hightower
Sat Jul 27, 2019 8:12 am
Forum: Personal Consumer Issues
Topic: RESOLVED: Non-lethal alternatives to firearms to defend against home invasions in Florida
Replies: 113
Views: 6577

Re: Non-lethal alternatives to firearms to defend against home invasions in Florida

While I support 2nd Amendment rights to a point, and am fine with (most) citizens possessing firearms, I myself don't like guns. Just not for me. However, I'd like to be able to protect my family in the rare event of a home invasion while I am present. What non-lethal alternatives to firearms do y'...
by hightower
Sat Jul 27, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Is getting a home to airbnb a good investment?
Replies: 18
Views: 2092

Re: Is getting a home to airbnb a good investment?

I know Bogleheads are generally anti-rental property, and I agree with you guys on that. Often, when you figure out the hidden costs of empty rentals, tenant eviction, legal/court fees, maintenance and upkeep fees, the returns ain't that good. I get that. However, does AirBnb change the equation? A...
by hightower
Fri Jul 26, 2019 7:02 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 18846

Re: Laid Off - Want to Retire / Am I OK

Yes you are definitely ok to retire. Life is short. Enjoy your hard earned money and go travel the world or do something you have always dreamed of doing. And don't listen to the garbage about "people go down hill after they retire" or "your kids will become lazy like you" That's all total BS. They'...
by hightower
Thu Jul 25, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 11167

Re: Way out of financial catastrophe?

Hi all, We're in an unfortunate financial situation and am posting here to see if anyone has any ideas. I have been working as an attending for almost 4 years. Spouse is part time attending. Household income is mid 400s-low 500s, will increase next year. We bought a house in a high cost of living a...
by hightower
Thu Jul 25, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 11167

Re: Way out of financial catastrophe?

Holy cow, this is a nightmare. I'm not sure what the heck I would do in a situation like this. Have you talked to your insurance company? I would almost consider just walking away from the house and letting the bank foreclose on it. To sink 1 million dollars into structural home repairs that weren't...
by hightower
Fri Jul 12, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Interior Basement Waterproofing
Replies: 8
Views: 784

Re: Interior Basement Waterproofing

It's best to water seal from the outside. This would, of course, require digging up the perimeter of your house. They would then apply waterproofing material and sometimes a drain to prevent water from accumulating next to the foundation in the first place. Doing it from the inside is risky because ...
by hightower
Thu Jul 11, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 2128

Re: Pay student loans via cash-out refinance?

I haven't read the rest of the responses yet, but in my mind, this is generally an ok move...especially for someone like you with a lot of equity in a property. Student loan debt is debt that will follow you everywhere you go, even through bankruptcy...Mortgage debt is the exact opposite. It is tied...
by hightower
Thu Jul 04, 2019 6:54 am
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15304

Re: Good times: 2008 vs Now

... we were living in a house in 2006 that dropped in value by 50% in 2008. It was cheap and in my wife's name so we just walked away from the mortgage and it sold as a short sale. It was a countrywide loan (they are now out of business of course), so there were no long term consequences to this. M...
by hightower
Thu Jul 04, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4066

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

I had a similar urge to you but with a higher income. A year ago I went to purchase a new car and was tempted by luxury vehicles because like you I had grown my income substantially and felt “I had earned it”. I even admire cars and research their performance, technology, reviews, etc in my spare t...
by hightower
Thu Jul 04, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4066

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

Hello All, Turned 30 not too long ago. Wanted to get some opinions of how I am doing thus far. Single. Renting apartment at 900/month. I got about 170k invested across different vehicles. Edit: maxing 401k Roth IRA HSA Still owe my dad about 30k for school loans. Paying him off slowly 1k / month. W...
by hightower
Tue Jul 02, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3431

Re: So the year is officially half over

Now that we're at the midway point of the year, how do you think your plan is working? Are you satisfied? Any major changes coming? So far, I managed to get rid of a debt that I had chosen to get rid of a year prior, so I am definitely satisfied by that. I've also put away a nice little e-e-fund. D...
by hightower
Tue Jul 02, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 106
Views: 9061

Re: hybrid or plug-in electric car

Order of magnitude less??? Tesla owners seem to say their cars require practically zero maintenance. When we bought the Kia EV, the dealership was like, "We hope you'll bring it back for regular maintenance, we'll need to, um, uh, .... Hmm, we'll probably umm, wait... Oh we can rotate your tires, t...
by hightower
Tue Jul 02, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4796

Re: how do couples work together on home finance

Hello All, My husband and I frequently visit bogleheads forums and have found very useful information here. I am in a situation for a while now and would like to hear about how other couples handle their finances together. Do you both sit together on a regular basis and go over some/any numbers.. I...
by hightower
Tue Jul 02, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 106
Views: 9061

Re: hybrid or plug-in electric car

Order of magnitude less??? Tesla owners seem to say their cars require practically zero maintenance. When we bought the Kia EV, the dealership was like, "We hope you'll bring it back for regular maintenance, we'll need to, um, uh, .... Hmm, we'll probably umm, wait... Oh we can rotate your tires, t...
by hightower
Tue Jul 02, 2019 9:45 am
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15304

Re: Good times: 2008 vs Now

I had a similar experience to you. I was 26 in 2008. I was starting my residency in internal medicine at the time and my income was guaranteed from that. I had no savings to speak of and a pile of student loan debt that I was oblivious to. I remember at the time thinking to myself "What is everyone...
by hightower
Tue Jul 02, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Shower room with Window but no Exhaust Fan: Mildew Prevention
Replies: 34
Views: 2573

Re: Shower room with Window but no Exhaust Fan: Mildew Prevention

If there's a window right next to the shower, then you can install an exhaust fan in the ceiling fairly easily. You will need to partially demo the ceiling and run some electric up to that spot and install a switch somewhere. Then you'll need to drill a hole in the house and run a vent outside. Once...
by hightower
Tue Jul 02, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Pursued the wrong career?
Replies: 37
Views: 6988

Re: Pursued the wrong career?

I very much understand how you're feeling. I'm 37 and have been working as a physician in a primary care field (hospital medicine) for the last 8 years. I realized long ago that I didn't like my career, but really had no choice but to work and pay off student loans. I've learned a lot about myself o...
by hightower
Wed Jun 19, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39735

Re: For those who earn $500k+ per year. How'd you do that?

I chose a career where I knew I'd never make millions. It is stable with good benefits and higher than average pay. Sometimes I dream of chasing the big bucks and wonder what specific skills have lead to people earning ultra-high incomes. If you earn over $500k/year, what's your story? I chose a ca...