Search found 299 matches

by TheHouse7
Thu Sep 20, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 203
Views: 12400

Re: What is your single most expensive mistake?

Decided to take out a larger than necessary mortgage so more assets could remain invested, when we purchased our current home. That was 10 years ago. Just before the great market downturn. How was that expensive? It sounds like a good idea. S&P 500 doubled since then. Took out everything in a rollo...
by TheHouse7
Thu Sep 20, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 28
Views: 1266

Re: Whole Life vs Universal Life Insurance

All, thank you for the feedback and glad that I asked here first before doing anything! you are right in that a 250k whole life policy is about $160 a month vs $30 a month for term. going with term and investing that extra $130 a month does seem like a better payout and plan moving forward. cmauss:...
by TheHouse7
Tue Aug 28, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 46
Views: 6614

Re: Unique Phone Apps that you find yourself using most often?

Wunder List - easy sync/ share groceries

My fitness pal - calorie counting
by TheHouse7
Tue Aug 28, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to retire early. Is my math right?
Replies: 29
Views: 3667

Re: Wanting to retire early. Is my math right?

Financial seem sound, what are your plans after 40? Even Financial gurus that fire early, take up drinking or getting high, hobbies, charity, Etc
by TheHouse7
Tue Aug 28, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right path
Replies: 28
Views: 1497

Re: Am I on the right path

Without a ballpark figure on at least gross income for the two of you, it is hard to make suggestions. I'm happy you two are paying off the car loans. I hope you plan on saving something for her retirement. I would be interested in what your percentage savings is based on gross income. Taxes, insura...
by TheHouse7
Mon Aug 27, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Honda Odyssey Ex-L - new or certified used?
Replies: 35
Views: 2312

Re: Honda Odyssey Ex-L - new or certified used?

I would never buy new. You'll lose thousands the second you drive off the lot. "Certified used" is just another way the dealer makes more money off of you. Find one with 50-60k miles and save yourself thousands. Possible one owner, clean carfax report. Don't buy into the "certified used" nonsense. ...
by TheHouse7
Tue Aug 21, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 4901

Re: Is divorce a wise financial move?

Frankly, we’re tired of paying four digits more in tax every year just to be married. For some, marriage isn't worth a few bucks. For others, marriage is priceless. I can see why you don't want children. That would have been far more expensive. I resent that statement, my wife will always be more e...
by TheHouse7
Tue Aug 21, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4358

Re: Cash Flow Positive Primary Residence

I'm going to guess, he means," When does it normally pay off to own than rent?"

Normal assumptions = 7 years
by TheHouse7
Tue Aug 21, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 69
Views: 4552

Re: Would you trust Chase with your investments?

I would never deal with Chase, pure evil :twisted: Pick U.S. Bank if large national brick and mortar is nessisary.
by TheHouse7
Sun Aug 19, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 3106

Re: Switch to auto lease after retirement?

Benefits of leasing: 1. Predictable monthly payment 2. You don't own the car. In 2008/9 when gas was $4-$5 per gallon, large SUV values tanked (Escalade, Suburban, Expedition, etc.) The big three had so many large, gas heavy rigs that were heavily underwater... people on a lease laughed as they sur...
by TheHouse7
Wed Aug 15, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2310

Re: Should I Max Out Tax-Deferred Accounts?

Yes, there are more than one ways to skin a cat. (you just have to catch it first) :annoyed
by TheHouse7
Wed Aug 15, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: 33 Male, how am I doing?
Replies: 28
Views: 2804

Re: 33 Male, how am I doing?

I cringe every time I hear a young man wanting to save for a down payment or go ahead and buy a house before finding a spouse. :oops: Your finances are fantastic for your position in life, consider improving health, happiness, emotional, family security. Finding the right mate may be the most import...
by TheHouse7
Sat May 26, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4726

Re: I'm an indexer... but...

There is no free lunch. :sharebeer The point is to stick to a plan.
by TheHouse7
Fri May 25, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for guidance on implementing 3 fund portfolio
Replies: 10
Views: 1522

Re: Looking for guidance on implementing 3 fund portfolio

Please consider simplicity, for the sake of others that may have to take over management. Keep US stock in all of your smaller accounts and then keep your 20% bonds in traditional ira. :sharebeer
by TheHouse7
Sat Feb 03, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 5008

Re: Amazon Stock - Can this giant be stopped?

I agree that government will play a key role in anything being "stopped".

I love the story of standard oil, and how now companies are becoming more and more consolidated. Capitalism works the "best".
by TheHouse7
Fri Feb 02, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 7468

Re: Substitute for taking a shower?

Soap and lather before rinse focus on "hot spots" armpits and croch.
by TheHouse7
Wed Jan 31, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 9740

Re: How much have kids added to your personal finance/expenses?

We're expecting our first in a month. The parents decide how much a kid "costs." I've seen all kinds of spending based on safety, health, what other people think. :oops: Kids don't cost hardly any $$$, the question is how many advantages do you want them to have. The biggest by far has to be health ...
by TheHouse7
Tue Jan 30, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about leaving Ameriprise
Replies: 52
Views: 6014

Re: Thinking about leaving Ameriprise

Please leave ameriprise, do it for the 17% you missed last year.

I'm 30 with 60/20/20 TSM/TIM/TBM. May have paid .1% last year.
by TheHouse7
Mon Jan 29, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance - and for how long?
Replies: 29
Views: 3172

Re: How much life insurance - and for how long?

You have done your homework! Try protective with executive membership at Costco. I got a 1mil 20 year term and my wife 500k 20 year term. I can always suplament more at work(380k now) and plan on reassessment at 45(I'm 30 now) Don't think you need to get it perfect right now just get 20 year term fi...
by TheHouse7
Sun Jan 28, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 7711

Re: Who taught you about financial responsibility?

Ynab, Dave Ramsey, this board in that order.

I kept looking for more "meat on the bone."

Now I'm trying to stay off this board more often.
by TheHouse7
Thu Jan 25, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 20923

Re: My boneheaded financial mistakes

Boneheaded financial mistake: In 1998 I sold 200 shares of LSTR at $45.00 per share to finance a vacation to Florida. Today the 200 shares would be 1600 shares @ $99.00 or about $158,400. Very good decision: In 1998 I sold 200 shares of LSTR at $45.00 per share to finance a vacation to Florida. The...
by TheHouse7
Thu Jan 25, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Time to get out of my $1 million Whole Life Policy?
Replies: 22
Views: 1792

Re: Time to get out of my $1 million Whole Life Policy?

Dottie57 wrote:
Wed Jan 24, 2018 6:35 pm
You don't support anyone but yourself, so no need for insurance. Get out. Never again mix investments with insurance product.

Avoid leeches in the future. Only buy term life insurance.
+1 please stay away from whole life
by TheHouse7
Thu Jan 25, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 18309

Re: Dear wife quits job and now we are down to 1 income

This is a very old fashion way of thought. Even if it’s break even, a spouse *should* continue to work to maintain their skills and career prospects, especially one who was pulling in 70k (!!). It is well understood that women take huge future earnings hits by doing this, it’s bad for equality, it’...
by TheHouse7
Mon Jan 22, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6623

Re: Am I being greedy?

If you can stomach it why not? However, while I cant find the link, Vanguard has a historical analysis of stocks/bonds allocations. I switched to 80/20 once I read through that as the benefit of being 100% isn't much better than an 80/20 allocation but offers the safety of the bond allocation. I'm ...
by TheHouse7
Sat Jan 20, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 9698

Re: Fear of dying with too much money?

Your post seems pretty glib about the prospect of running out of money. That was certainly not my intent. But many Bogleheads have made a point that actually exhausting a sizable portfolio during retirement is something so rare as to not be a very realistic possibility for those reading this forum....
by TheHouse7
Sat Jan 20, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 8873

Re: Lost money through Bitconnect scam - learned my lesson

Thank you OP, we all make mistakes, it is a nice reminder that I'm not the only one making them. :oops:
by TheHouse7
Fri Jan 19, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3705

Re: Mother In Law's new boyfriend...

Love and support your mil in the best way possible. Usually that is not getting involved in her money. :P
by TheHouse7
Fri Jan 19, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Next Phase - Move to Taxable?
Replies: 5
Views: 823

Re: Next Phase - Move to Taxable?

Since this money is not for retirement and may be needed in the next few years, it should not be invested. It should be saved. Otherwise, it may not be there when you want it. I would use CDs and high yield savings. The most aggressive would be a short term bond fund and that for only part of the m...
by TheHouse7
Fri Jan 19, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Learning Swimming @ 40+
Replies: 37
Views: 2239

Re: Learning Swimming @ 40+

Just do it. Your family will love and support you. Think of how happy everyone will be with you playing in the water.

Think of the other irrational fears you can help your kids concur later in life when S* really hits the fan.
by TheHouse7
Fri Jan 19, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 36
Views: 7054

Re: The wisdom of buying a car that doesn't depreciate (much)

In my opinion, you should get what you really want. Expect to lose a small portion of your networth and try to limit friction(like 1 raptor every 5 years???) The thing I worry about is the entitlement aspect: You work so hard at convincing yourself "you deserve it," that you total 5 raptors in 10 ye...
by TheHouse7
Thu Jan 18, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 9163

Re: Short Commute or Nicer House?

I love my 8 minute commute. I just wish I liked riding my bike in the rain. :?
by TheHouse7
Thu Jan 18, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Someone Needs To Pay For What They Did (Advice sought)
Replies: 44
Views: 8085

Re: Someone Needs To Pay For What They Did (Advice sought)

I would pay the bill, and not trust anyone in my place. To recoup maybe you can rent out that room that you never go into :oops:
by TheHouse7
Thu Jan 18, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions
Replies: 25
Views: 1895

Re: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions

On average, insurance companies are profitable. You are the amateur competing with professional actuaries. I am heavily biased towards towards self-insure. I carry homeowners and I go to PLPD on vehicles when value drops below about $5000. +1 I'm of the perspective that I can't win. The only questi...
by TheHouse7
Thu Jan 18, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 88
Views: 8338

Re: Exit strategy for bitcoin

Watty wrote:
Thu Jan 18, 2018 9:46 am
stimulacra wrote:
Thu Jan 18, 2018 1:02 am
If owning bitcoin to diversify your asset allocation…
Buying Bitcoin(or similar) is not diversifying your portfolio anymore than buying lottery tickets would be.
Bingo, sell bitcoin like throwing away expired lottery tickets(when you're done following it)
by TheHouse7
Thu Jan 18, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 90
Views: 8679

Re: Tax Law Sunset 2025 - Roth vs Traditional

I'm(30) most interested in landing the most tax credits by low income (84k MFJ with our first kid due Feb). We will Max 401k(18.5k), Tira(11k), and HSA(6.2k). Does this sound like an optimal tax situation for 2018? Should we be contributing to Roth IRAs instead?? Thank you for any response. :beer E...
by TheHouse7
Wed Jan 17, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 90
Views: 8679

Re: Tax Law Sunset 2025 - Roth vs Traditional

B) If your income is low, you may contribute 100% to Trad. 401K and Trad. IRA in order to qualify for tax credits. In those cases, your tax will be zero or negative. In summary, 100% to Trad. 401K and 100% to Roth IRA works for almost all income levels. If you can go to zero but can't go negative, ...
by TheHouse7
Wed Jan 17, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2718

Re: Take a 401k Loan?

The mortgage company said she could be on the loan by herself since my credit has tanked to about 600 due to the debt. Please let your wife get the refinance with a higher credit score. Does she make enough to qualify for the loan by herself? Otherwise stick with paying off the credit cards, then l...
by TheHouse7
Wed Jan 17, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 3709

Re: Should I Cash Out my NML Whole Life Insurance?

Please cash out all these policies and get term insurance. I pay $36 per month for 1.5 million in coverage. :sharebeer From what I understand only the rich can benefit from investment insurance under very particular circumstances. I plan on paying for term insurance until no one is counting on my in...
by TheHouse7
Wed Jan 17, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1932

Re: Recent market gains

Mr. Market is always insane! Ignore short-term market volatility.

Stay the course. No one knows nothing.

I would guess the weakening of the us dollar is giving most industries a more positive eps future.

:confused
by TheHouse7
Wed Jan 17, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Are these benefits from my employer good ?
Replies: 13
Views: 1576

Re: Are these benefits from my employer good ?

I just got 20 year term life for my first kid, outside of work

Costco executive membership gets the best rate.
by TheHouse7
Wed Jan 17, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2718

Re: Take a 401k Loan?

The mortgage company said she could be on the loan by herself since my credit has tanked to about 600 due to the debt. Please let your wife get the refinance with a higher credit score. Does she make enough to qualify for the loan by herself? Otherwise stick with paying off the credit cards, then l...
by TheHouse7
Tue Jan 16, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 8446

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Look at the number of individual posts and “joined date” for the people writing in about sitting on the sidelines. A lot of them are new to the forum and are either unfamiliar with or still learning the Boglehead philosophy. I guess many bogleheads have retired and are no longer active here. Funny,...
by TheHouse7
Tue Jan 16, 2018 2:45 am
Forum: Investing - Help with Personal Investments
Topic: I'm hooked
Replies: 22
Views: 4381

Re: I'm hooked

I got hooked from bogleheads Guide to Investing from the library.

It was like if you have time check out this forum.

Then I stopped blinking until my head cracked open. :shock:
by TheHouse7
Mon Jan 15, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 4587

Re: why emergency savings?

If $20,000 is such a small portion of someone’s liquid assets, then why are they worried about losing a couple percentage points in interest by keeping it in a savings account? This. You either shouldn't be risking your unemployment fund or it doesn't matter so why not have it? Did anyone get rich ...
by TheHouse7
Sat Jan 13, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 45
Views: 5493

Re: AA is much harder than I thought...

It is not.

I'm 30, with 80/20 25% stock international.

I keep thinking I need to buy more stock when I really mean save more. :)

Contributions matter so much more than AA it's not even funny.
by TheHouse7
Sat Jan 13, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 11973

Re: Our 'cure' for emergency expenses

I use YNAB4. Unfortunately they don't sell it anymore. It was a one-time purchase rather than an on-going subscription, and it had more flexibility of functionality and better cash flow awareness than the newer version (which is online) has. I have chosen not to upgrade. Not sure what I'll do when ...
by TheHouse7
Fri Jan 12, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Bank offering 0.25% off mortgage interest for asset transfer
Replies: 24
Views: 2630

Re: Bank offering 0.25% off mortgage interest for asset transfer

I'm gonna bet your going to get a better rate with a local credit union. Shop around. :happy
by TheHouse7
Thu Jan 11, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 7535

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

pretykev wrote:
Thu Jan 11, 2018 8:47 pm
Lets be honest, how many of you are 100% VTSAX in your portfolio?
I know I am :sharebeer
I swear I read some where, "The only free lunch is diversification." :sharebeer