Search found 1212 matches

by runner540
Mon Jun 29, 2020 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Emergency cash instructions to spouse
Replies: 8
Views: 1056

Re: Emergency cash instructions to spouse

I made one of these docs for my spouse. This does seem a bit complicated. Hopefully the Bank savings Account is big enough for a couple months of breathing time before having to execute other maneuvers. Does spouse have access to these accounts? Do a practice run of your spouse logging Into all acco...
by runner540
Thu Jun 25, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Navigating tight housing markets
Replies: 29
Views: 1799

Re: Navigating tight housing markets

I think it’s insane to buy a personal residence that you (or someone you trust) cannot walk through, hear the noise, see the light, smell whatever is there, feel if the layout works, etc. Will the seller allow inspections or is that a quaint way to do due diligence on the biggest purchase of your li...
by runner540
Mon Jun 22, 2020 11:51 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13543

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Again, as I've mentioned before, as if it needs to be said again. Apparently it does. I just have to shake my head at the lack of self awareness present when the doc investor complains about anyone raising issues regarding the nature of medical billing. No, the cost is not justifiable or in line wi...
by runner540
Fri Jun 19, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing Insurance for Birth / Newborn in NICU
Replies: 4
Views: 337

Re: Maximizing Insurance for Birth / Newborn in NICU

Be careful to check, confirm and double check with HR and insurance the exact effective date of baby’s coverage (should be day of birth). I did everything correct to add baby, and huge bills kept getting rejected: there was a delay with the 3rd party benefits manager between my company and BCBS. Eve...
by runner540
Thu Jun 18, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card/Debit Card for college student
Replies: 25
Views: 783

Re: Credit Card/Debit Card for college student

If he sets up YNAB budget app and links his bank account and credit card, then he has to account for the dollars as they are spent.
by runner540
Thu Jun 18, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Pre-retirement Sanity Check
Replies: 9
Views: 1284

Re: 2020 Pre-retirement Sanity Check

Did you include property taxes and insurance that may have been in your mortgage payment?
by runner540
Wed Jun 17, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 125
Views: 12291

Re: Too Much Retirement/Not Enough for House?

Congratulations on the work you have put into your savings. If you put 300k down on a house, your monthly payment would be around 2100 per month which is what you're paying for today. Enjoy your new home! I took 20% out of my 401k back in 2008 before the market crashed. I purchased at a unique time...
by runner540
Wed Jun 17, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Daycare - paying to hold a spot
Replies: 45
Views: 3062

Re: Daycare - paying to hold a spot

There is no way I can put in a legitimate day's work from home while taking care of a 3 year old. My 2 year old's nursery school has been closed since mid March and will not reopen until September at best. Full tuition was due for the school year a long time ago and no refunds were given. One-third...
by runner540
Wed Jun 17, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 125
Views: 12291

Re: Too Much Retirement/Not Enough for House?

In the end, we got the things that were most important to us but it did require giving up things like a backyard and living right next to where I work. Your first step is to figure out what your family wants most and to come to terms with the fact that you will likely have to make some compromises ...
by runner540
Tue Jun 16, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: What response to a health insurance claim denial? - Test found a problem, claim for test denied anyways
Replies: 20
Views: 1200

Re: What response to a health insurance claim denial? - Test found a problem, claim for test denied anyways

I have dealt with this with BCBS. Sounds like the next step is coordinate with your doctor to get BCBS the additional info. May resolve the issue.
Keep notes of what codes are what and what diagnosis codes your plan covers.
by runner540
Mon Jun 15, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card budget tracking
Replies: 11
Views: 863

Re: Credit card budget tracking

YNAB. 2 day delay to posting but great tool. You assign each transaction to whatever category. Calendar month budget. It will remember for future transactions with same vendor.
by runner540
Mon Jun 15, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing default student loans so I can buy a house...
Replies: 18
Views: 1244

Re: Refinancing default student loans so I can buy a house...

I think your income is great and you’ve done well for yourself in that regard. This is probably negligible, but Capital One and other online banks like Ally and Barclays have savings accounts that are about 1% APY right now. Better than the 0.3% you’re currently getting. The great thing about an in...
by runner540
Sun Jun 14, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11350

Re: Prenup? What Should It Say?

You girlfriend has kind of put her life on hold to have and care for your baby. Yes, her mother is probably biased looking at it from this perspective. Her daughter has a lot to lose here as well. If you are interested in a prenup, go see an attorney. But I’d decide do you or do you not want to be ...
by runner540
Thu Jun 11, 2020 1:19 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16116

Re: Thoughts on today's sell-off?

Just wanted to get your opinions on the subject. Is today's sell-off or, perhaps, similar dynamics till the end of the week, a temporary reaction or it is a fundamental change in trend due to recent news on COVID-19 cases increase, Fed comments etc.? The reason I'm asking that, besides desire to un...
by runner540
Wed Jun 10, 2020 8:15 pm
Forum: Personal Consumer Issues
Topic: What Size Home For A Family?
Replies: 87
Views: 5459

Re: What Size Home For A Family?

Ask me in 20 years if our house was big enough. Layout matters a lot too. I walked through new 3500 square for houses them at had only 3 BR and the only access to backyard was thru a bedroom :oops:

Our 50 yr old house is smaller but much better flow and function.
by runner540
Wed Jun 10, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: How to be informed but tune out the noise?
Replies: 26
Views: 1774

Re: How to be an informed citizen but tune out the noise

NPR local station or app. 5 min newscast at the top of the hour, and you can add other stories (including about music, culture, etc and feel good stories) to the playlist. Calm interviews on multiple angles of stories, no crazy imagery or flashing graphics. Marketplace is a good informative business...
by runner540
Fri Jun 05, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need life insurance?
Replies: 27
Views: 1446

Re: Do I need life insurance?

My spouse does not have insurance outside his employment. We considered it when I was first pregnant but given a health condition (that is well-controlled) his premiums didn't seem worth it. But now, I don't think he needs to be insured. If he were to pass, my math tells me I would be OK even with ...
by runner540
Wed Jun 03, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's expectations of subsidizing her friends' lives
Replies: 82
Views: 4468

Re: Wife's expectations of subsidizing her friends' lives

I'm happy to share my situation with you to see if gives you any ideas for yourself. I love my situation with my fiancee. On top of being on the same page for the amount to spend on large shared expenses, we each contribute the same amount monthly to our joint account for our shared bills (housing,...
by runner540
Wed Jun 03, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6089

Re: Selling wife's 1-year old car?

Out of $96k, $28k, and $60k, how much are you planning on using for down payment on home? given the ultra high COL here, most of it...unfortunately. Congrats on baby and good job saving up $184k outside retirement. That $184k needs to cover not only down payment but also (1) emergency fund for medi...
by runner540
Wed Jun 03, 2020 10:07 am
Forum: Personal Investments
Topic: Which budgeting software do you use ?
Replies: 59
Views: 3084

Re: Which budgeting software do you use ?

+1 on YNAB. I have been using it for 2+ years. For me, it is less about budgeting and more about knowing were money goes. The way it works is that you approve each transaction; makes you more aware of transactions. It makes you think about your spending. I don't think my budget for any 2 months has...
by runner540
Sun May 31, 2020 7:10 pm
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9109

Re: When is it enough/too much?

So as a 36 y/old dual income family we finally have reached our/my "arbitrary" goal of 7 figure invested assets. It's exciting, but now I sort of feel a bit lost. I'm trying to figure out what my next goal should be and what I am ultimately targeting for retirement. I think I'd like to retire in my...
by runner540
Sun May 31, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Best resources for first time home buying
Replies: 2
Views: 269

Re: Best resources for first time home buying

Read this blog and then if you still want to buy a house, stick to a conservative budget for it, and have plenty of money for repairs, increased property taxes and insurance.
https://jlcollinsnh.com/2013/05/29/why- ... nvestment/
by runner540
Sat May 30, 2020 1:33 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1442
Views: 195814

Re: Post your Financial Milestone Announcements Here

Crossed 100k NW today (age 22) mostly mix of cash and maxing out of both 401k & Roth IRA in a 3-Fund. Grew up in a financially troubled family and had to drop out of college. A few very lucky steps I took ended me up in a six figure job for mega-corp way quicker than I ever expected. Stumbled into ...
by runner540
Sat May 30, 2020 9:46 am
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2881

Re: Time for a new house?

SF Bay Area and long time Boglehead forum member. Hope y'all are doing well, staying safe and healthy! We have been incredibly lucky to have not been affected by the coronavirus. Both wife and I have our jobs, no paycuts and we are all thankfully healthy and safe. We currently live in a 1900 sqft S...
by runner540
Fri May 29, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Am I spending too much on rent?
Replies: 13
Views: 1350

Re: Am I spending too much on rent?

It’s too much if you can’t meet your other financial goals. Can you? Maxing retirement is a great place to be.
I bet there will be some deals soon...
Can you find a roommate and split a 2Br?
by runner540
Fri May 29, 2020 9:42 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 4942

Re: Overpay for the home we love?

If you love the home you should be willing to offer pay for it. Heck, people pay millions of dollars for "art" a blind wombat could paint just because they're supposed to love it. However, if you are planning on moving in less than 7 years, why are you even looking to buy? Unless you plan on retiri...
by runner540
Thu May 28, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 124
Views: 8704

Re: 16 Weeks Paternity Leave

It's been rough because the baby needs to feed every 2 hours and the timer starts at the beginning of the prior feed, which typically takes 30min. So at most she can squeeze in 1.5hrs of sleep but I don't think that's happened yet. There's usually a need for a diaper change right after and he's a b...
by runner540
Wed May 27, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 17857

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique. Other geographic input is more noise than signal since people don't understand that income is basically "middle class", more or less depending on...
by runner540
Wed May 27, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 17857

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique. Other geographic input is more noise than signal since people don't understand that income is basically "middle class", more or less depending on...
by runner540
Mon May 25, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12547

Re: Approaching 40, worried about financial future

I worry that reading about people who are about to retire with $1m to $2m - that we'd never get there! The majority of people will never have a million dollar pile of securities. Yet, anyone who lives long enough will retire. You make adjustments. There is no shame in it. But to get to a million an...
by runner540
Sun May 24, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3311

Re: Would you pull a trigger on a home purchase or continue renting?

Hi folks, I'm a 30 year old female. Here are my monthly obligations: Rent : $2800 (including trash, water) Food : $500 (groceries, essentials, eating out, occasional shopping) Phone : $120 Internet : $80 Electricity : $40-$60/depending on the month Amazon Prime : $11 Spotify : $10 Total expenses: $...
by runner540
Sun May 24, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for Gifts?
Replies: 20
Views: 1232

Re: Budgeting for Gifts?

Using YNAB, build up a gift balance and if we have a month with multiple weddings, showers, etc., we allocate more to gifts from some other category.
by runner540
Sat May 23, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance appraisal issue
Replies: 16
Views: 1323

Re: Refinance appraisal issue

I didn't realize appraisals were forward looking. Also I didn't say it wouldn't, in fact I said "hasn't had time to do much yet". Are you suggesting there has a 15% decrease in sales price the last 2 months? "hasn't had time to do much yet" = sellers haven't been forced to drop prices yet. Have any...
by runner540
Sat May 23, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance appraisal issue
Replies: 16
Views: 1323

Re: Refinance appraisal issue

I don't get it.  I watch the local market pretty close and haven't seen a decline, especially that magnitude. Everyone I know in real estate says everything is going well in my area, at least up until C19 and it hasn't had time to do much yet. If you think 15-20% unemployment and more pain to come ...
by runner540
Fri May 22, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2592

Re: Potential relocation, how concerned should I be with a 4/10 school?

My concern is mostly about potential disciplinary problems/bullying maybe even drug problems when there is a large percentage of student body coming from a disadvantaged background. Thanks Check your assumptions. Drug abuse happens at every income level everywhere. Some people are just able to hire...
by runner540
Thu May 21, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 4003

Re: Contemplating expensive house purchase during pandemic

I don't think a 5-7 year horizon in an HCOL house purchase comes out ahead over renting. Almost assuredly not when considering all the costs of ownership and all the risk you take on. If the appetite is there to move away, then just take all the risk off the table and rent the next 2-10 years as yo...
by runner540
Thu May 21, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Furniture for an infant in the living room
Replies: 46
Views: 2570

Re: Furniture for an infant in the living room

Babywearing? Seriously, most of ours were very vocal about being put down somewhere alone during 0-6 months (especially 0-3 months), which led to my belief that tiny humans are designed to be very upset without another human's touch for periods of time. They were happy if in a boba wrap or ergo bab...
by runner540
Thu May 21, 2020 9:26 am
Forum: Personal Consumer Issues
Topic: Furniture for an infant in the living room
Replies: 46
Views: 2570

Re: Furniture for an infant in the living room

We used a boppy lounger pillow. You can put it anywhere and place your newborn on it comfortably. We even put our newborn and the boppy on the dining table while DW and I ate dinner together. It was heavenly while it lasted. Once your baby starts to roll around, then you need something with restrai...
by runner540
Tue May 19, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone holding off buying a home? Possible COVID-19 changes in the way we work...
Replies: 8
Views: 1247

Re: Is anyone holding off buying a home? Possible COVID-19 changes in the way we work...

I think it reinforces advice to buy a home that you actually like and want to live in, not just “good enough” or bare minimum or as an investment. This whole situation will also cause people to value neighborhood, outdoor spaces and flexible space in the home more. (Totally open plans with multiple ...
by runner540
Mon May 18, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 107
Views: 6381

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice. https://www.ray-ban.com/usa/sunglasses/view-all/plp I disagree. You are buying a brand, not a quality product. Check out then polarized sunglasses from Costco, Kirkland Signature. $30 and are very good for the price. I am a huge fan of Maui Jim. They are out of you...
by runner540
Sat May 16, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5835

Re: Rent is increased by 6%, negotiation tips?

In a major apt complex in a major city in 2009 and 2010, my rent was cut 8% and another 2-3% those years. Without me even asking.
by runner540
Sat May 16, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6227

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

My solution to the hassle of updating recurring charges is to have one card used only for recurring charges with the card never being used in the wild. It seems to be effective; card compromises seem to be directly proportional to how much the card is used in the field. +1 Dedicating one card to re...
by runner540
Sat May 16, 2020 1:41 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10657

Re: Please tell me I'm not crazy

For those of you that advocate having greater than a 6-month EF in cash... Why? Having 12, or 24 months makes sense if it's just a small percentage of your overall portfolio, I could see how that makes sense. But if this 12 - 24 month EF represents more than 20% of your overall portfolio, I'd argue...
by runner540
Sat May 16, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7843

Re: Income about to be halved - what do we do?

Your budget looks really similar to ours in some major items except pets, electricity and tractor payment, yikes!!
I would stop 529s and I bonds for now.
If budget and income are truly what you say, then it should be fine. How do you track expenses now?
by runner540
Fri May 15, 2020 9:55 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10657

Re: Please tell me I'm not crazy

I’m with your wife. Very reasonable to have 6 months of cash. What do your expenses look like if you have to pay full Cobra health premiums? Might outweigh any cuts you make. We continue to invest in retirement accounts with each paycheck but are holding on to cash that otherwise would be used to pa...
by runner540
Fri May 15, 2020 8:39 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6405

Re: Healthcare post COVID-19

It has changed, in three ways. 2) .... (Coupled with many people who will no longer have insurance after losing their jobs) I think that job-based health insurance will not be the major game in town in the not-too-distant future. It will still be a player, but many in the public will push for other...
by runner540
Thu May 14, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12225

Re: Selling home - low ball negotiation

We've put our house just up about 10 days before the lockdown. There was about an average showing of one visit per day from unique buyer. With the lockdown, there were very few. So after 2 months of listing (about 8-9 weeks of lockdown), we've got our 1st offer. As some of you who are familiar with...