Search found 987 matches

by runner540
Sat Aug 17, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Best method for handling work task list and note taking?
Replies: 17
Views: 1016

Re: Best method for handling work task list and note taking?

Bullet journal method https://bulletjournal.com/
and the book "Getting Things Done"
by runner540
Wed Aug 14, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy - Running the numbers, what am I missing?
Replies: 55
Views: 3749

Re: Rent vs. Buy - Running the numbers, what am I missing?

If you have no desire to buy a home, then don't. It rarely makes sense from an absolutely pure financial sense. +1 +2 You need more than financial reasons to commit to a home. Did you include mortgage principal payments? (yes they build equity but it's real and required cash out-flow) Others have s...
by runner540
Wed Aug 07, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Largest spending category - is this an outrageous amount?
Replies: 56
Views: 3593

Re: Largest spending category - is this an outrageous amount?

I would need more granular data - that is a big black hole. Save receipts so you can split the purchases up.
by runner540
Tue Aug 06, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Employer offering equity in company. What questions to ask?
Replies: 33
Views: 2481

Re: Employer offering equity in company. What questions to ask?

Also ask about tax distributions. Depending on structure you may be liable for taxes on the profits even if they haven't been distributed yet, so you would need to have the cash on hand yourself.
by runner540
Mon Aug 05, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: Daycare does not allow staff to babysit
Replies: 21
Views: 1675

Re: Daycare does not allow staff to babysit

This policy makes sense as a clear boundary. Why not ask those workers for referrals to friends or former coworkers who would be free to sit?
by runner540
Sun Aug 04, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 111
Views: 7196

Re: Is our spending crazy?

You earn a lot, save a lot and spend a lot. How much do you give?
by runner540
Sun Aug 04, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for making and reviewing a family budget
Replies: 25
Views: 1418

Re: Advice for making and reviewing a family budget

A few tips - Set your savings rate first. Determine what it will take to finance your retirement and late life costs and how much you need to save. The goal is to save as much as possible, but we realized we can’t set this rate unless we know all our expenses. That’s the point of this exercise, to ...
by runner540
Sun Aug 04, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are we considered House poor?
Replies: 21
Views: 3427

Re: Are we considered House poor?

Can you still save for retirement, college, next car, etc? Can you spend on some luxuries/wants?
by runner540
Fri Aug 02, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do we move or add-on? Need some grounding...
Replies: 37
Views: 1797

Re: Do we move or add-on? Need some grounding...

I reread your post and do see you have more equity than I previous thought. However, even with this equity you’ll be using a lot of it on closing costs and realtor fees. You say your current home is 2,100 square feet. This is more than enough space. I’d understand your strong desire to move if you ...
by runner540
Fri Aug 02, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Derogatory remark on Credit report
Replies: 37
Views: 4706

Re: Derogatory remark on Credit report

Sounds like you just have to wait for it to roll off or get outweighed by other things.
by runner540
Fri Aug 02, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: New construction home value increased >70k during escrow
Replies: 10
Views: 1324

Re: New construction home value increased >70k during escrow

Are the newer houses actually closed sales at higher prices for the same package, or just a list price to start? Throwing in upgrades "at no cost" is a way for builders to reduce prices in a way that is not obvious (similar to sellers of existing homes paying for closing costs and/or credits).
by runner540
Wed Jul 31, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Stay at Home Mom?
Replies: 12
Views: 544

Re: Life Insurance for Stay at Home Mom?

cheese_breath wrote:
Wed Jul 31, 2019 9:24 am
You not only need life insurance for your spouse. You also need it for those kids you have now and any more you have later.
Why do they need insurance on the kids??
by runner540
Wed Jul 31, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Stay at Home Mom?
Replies: 12
Views: 544

Re: Life Insurance for Stay at Home Mom?

Yes you need it. Is family going to take over everything your wife does (full-time childcare, household tasks, etc.) for years on end to allow you to keep working?
by runner540
Tue Jul 30, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

had a chance to review our healthcare benefits. there is no charge for prenatal and postnatal care with an in-network provider there is a $100 copay/admission for delivery and all inpatient services there is a $100 copay/admission for facility fee (hospital stay) (not entirely sure if this would be...
by runner540
Tue Jul 30, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: Financial/Retirement Planning Rules, Ratios & Benchmarks
Replies: 11
Views: 1079

Re: Financial/Retirement Planning Rules, Ratios & Benchmarks

Hey Everyone, I was wondering if there is a list of all the "rules, ratios and benchmarks" that should be considered with financial planning. Some that come to mind are SWR (Rule of 25), DTI 28/36 Rule, Savings Ratio, Reliance Rate, etc. Is there a comprehensive list of these items? Thanks in advan...
by runner540
Fri Jul 26, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: AirBnB asking for govt photo ID verification to book
Replies: 18
Views: 1582

Re: AirBnB asking for govt photo ID verification

A regular hotel or train booking in Europe will ask for an ID too...
by runner540
Thu Jul 25, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 10737

Re: Way out of financial catastrophe?

What does the pregnant woman (unsure if OP is pregnant or partner is) want to do? What are her priorities and will cause her the least stress during the third and fourth trimesters?? I hope there’s no fourth TRI mester on top of an already stressful situation. Sorry for the mess you’re dealing with...
by runner540
Thu Jul 25, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Real Estate knowledge and/or experience? Help!!
Replies: 25
Views: 1437

Re: Commercial Real Estate knowledge and/or experience? Help!!

Do you or partner have event planning/hospitality experience? This is really a business, not just property.
by runner540
Thu Jul 25, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 10737

Re: Way out of financial catastrophe?

Definitely don't loop any friends/family into this mess. What does the pregnant woman (unsure if OP is pregnant or partner is) want to do? What are her priorities and will cause her the least stress during the third and fourth trimesters?? Strongly consider renting a safe and reliable place for ever...
by runner540
Thu Jul 25, 2019 1:07 pm
Forum: Personal Investments
Topic: How much life insurance should I get? (baby on the way)
Replies: 44
Views: 2548

Re: How much life insurance should I get? (baby on the way)

A lot depends on how many children you have. Okay to go light without children. With children, especially many, I would not go light. Forgot to mention, 2 kids, 3 and 5. I know, probably light by everyone's standards here, but I figure, as it stands now, if mom and dad died in a plane crash tomorro...
by runner540
Thu Jul 25, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5013

Re: How do you deal with looking bad compared to others?

But I can see these comments make my wife and kids feel small. This is the real issue with these relatives' behavior. I would take them aside and have a heart to heart that "you may not realize it (give them benefit of the doubt) but when you say x, y, z, it makes my wife and kids feel ___. Would b...
by runner540
Tue Jul 23, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house - bay area
Replies: 102
Views: 6014

Re: Buying a house - bay area

Absolutely rent. Do not spend $140k to own a [(removed) --admin LadyGeek] . You should be THRILLED about a home when spending $2.5 million on it. You haven’t answered the question of how much less rent is. I’d guess you could find a decent place to rent for $8k per month. Now invest the difference....
by runner540
Tue Jul 23, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house - bay area
Replies: 102
Views: 6014

Re: Buying a house - bay area

IMO renting is shorting the housing market. Having one house that he can afford and that it meets all his requirements is neutral on the market, which is where he should be. Renting is perfectly rational and not "shorting" housing if rent is close to the carrying costs of a house (taxes, insurance,...
by runner540
Tue Jul 23, 2019 6:41 am
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 884

Re: Sell real estate, pay capital gains tax and buy index fund?

I'm struggling to see clearly what's best in this situation. I current own an investment property worth 400K with a 200K mortgage. If I were to sell it I will have to pay CG taxes and will end up with about 150K cash that I could put into index funds. Now if I keep the apartment I can defer the CG ...
by runner540
Mon Jul 22, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

so there's a lot to sift through here - amazing. thank you! circling back to the Short Term Disability. is this something to spring for or not? i don't see too many folks referencing that. we will look into term life insurance now too. this is something to get even if one already has this through e...
by runner540
Mon Jul 22, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

I would get term life insurance, for both of you. +1 before wife gets pregnant! Set aside money not just for insurance copays but also for things that may be important to your wife/baby/you but are not covered by insurance (examples include prenatal yoga, massages, doula, lactation help, body pillo...
by runner540
Sun Jul 21, 2019 5:04 pm
Forum: Personal Investments
Topic: Review of late start portfolio and future recommendation
Replies: 17
Views: 1435

Re: Review of late start portfolio and future recommendation

Welcome mdpii! Two tax details: there is no 25% federal bracket anymore, and you are filing EITHER married or head of household, not both. Check your current rates here https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/ If you are in the 24% MFJ bracket it means you make at least $16...
by runner540
Sun Jul 21, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 3894

Re: Student Loan Forgiveness advice

Be careful about counting on this - less than 1% of borrowers who applied for PSLF were approved: http://www.abajournal.com/web/article/f ... ys-lawsuit
by runner540
Sat Jul 20, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: Zero % down mortgages. Are we going to see 2008 again?
Replies: 27
Views: 2864

Re: Zero % down mortgages. Are we going to see 2008 again?

Have been hearing ads on the radio about 100% financed mortgages again. Seems like the past is repeating itself. Are we going to see a mortgage crisis in the near future (1-3 yrs)? When did they start relaxing rules for mortgages again? Where I am, there is a building boom and prices are high and k...
by runner540
Tue Jul 16, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 13846

Re: House not appraising for amount we were offered!

There is no better way to value a home than what another party is willing to pay for it. Poor appraisal. You should be fine once you get a second opinion. Hopefully the low appraisal doesn’t scare away the buyers original offer. It’s like an equity analyst, it’s there opinion on the price target bu...
by runner540
Tue Jul 16, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 13846

Re: House not appraising for amount we were offered!

The bank doesn't care if someone pays $256k if it appraises for $230k if they don't default (which they cannot know in advance). The bank wants to know if they do default that someone else will pay $256k. I once sold a house for which I received three offers, all of which were over the appraisal th...
by runner540
Sat Jul 13, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3821

Re: Financing my daughter's college with my 401K

Is she working? If she makes $250/week, that makes a big dent. That can be 25 hours at a $10/hr job, or it can be fewer hours babysitting, waiting tables with tips, etc. $4K, it could be spending money or the daughter could be pursuing a field where working is not an option. I was talking about ear...
by runner540
Sat Jul 13, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3821

Re: Financing my daughter's college with my 401K

Is she working? If she makes $250/week, that makes a big dent. That can be 25 hours at a $10/hr job, or it can be fewer hours babysitting, waiting tables with tips, etc.
by runner540
Mon Jul 08, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be applying the money I am saving towards homes principal or am I doing it right by saving it?
Replies: 21
Views: 2993

Re: Should I be applying the money I am saving towards homes principal or am I doing it right by saving it?

On either thing I heard was people taking out HELOC loans to payoff mortgage early. I have to look it up but I think it was something like they take the loan amount and pay principal and pay off loan and keep doing it over and over until paid off. How does it help to replace mortgage debt with helo...
by runner540
Sun Jul 07, 2019 9:08 am
Forum: Personal Investments
Topic: Investment Allocation Advice / Debt paydown etc.
Replies: 5
Views: 562

Re: Investment Allocation Advice / Debt paydown etc.

You don't give any amounts of income or debt but given your age and possibly as sole income earner, I would pay down debt, starting with the car. 4% after tax guaranteed return. How much equity do you have in the two houses? What are your retirement goals, and how much do you save each year toward t...
by runner540
Sat Jul 06, 2019 9:36 am
Forum: Personal Investments
Topic: Analysis, advice and suggestions on portfolio
Replies: 4
Views: 306

Re: Analysis, advice and suggestions on portfolio

Can't provide feedback without knowing how much is there, and how much this person needs that money. If their retirement expenses will be mostly covered by pension and SS, then they can take a lot of risk with this money. If this is their main source of retirement income, different recommendations.
by runner540
Fri Jul 05, 2019 7:43 am
Forum: Personal Investments
Topic: American in Denmark, just sold NY house... how should I invest?
Replies: 11
Views: 979

Re: American in Denmark, just sold NY house... how should I invest?

Thanks again for the good advice! This forum is amazing! I've decided to hold off on the Tesla (even though having a child in Denmark is very low cost)... and I've created my first real financial plan. I use Schwab for banking (no ATM fees global is great) so I plan to invest there unless someone c...
by runner540
Fri Jul 05, 2019 6:53 am
Forum: Personal Investments
Topic: American in Denmark, just sold NY house... how should I invest?
Replies: 11
Views: 979

Re: American in Denmark, just sold NY house... how should I invest?

5. What else should we do to optimize our financial situation living and earning in Denmark? Become zero income tax state residents? [/list] Many thanks (mange tak in Danish) for your time and advice! Agree with keeping things as simple as possible and US funds. Given plans for a child in a year, d...
by runner540
Wed Jul 03, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6388

Re: Adult son has not controlled credit card overuse!

A score in the 600s is subprime. Sounds like he and his wife need to take the Dave Ramsey class to learn how to budget and stop using credit cards.
by runner540
Mon Jul 01, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 4996

Re: HCOL vs LCOL Dilemma

Dallas is MCOL, not low.
You and spouse need to visit in July or August, and drive the commutes at rush hour.
by runner540
Mon Jun 24, 2019 9:37 am
Forum: Personal Investments
Topic: Worried about the future/not saving enough
Replies: 39
Views: 5269

Re: Worried about the future/not saving enough

Thank you all for the thoughtful replies and advice. The amount of support people provide is incredible and makes me proud to be a member of this fine website. When time allows (I have a toddler so not a lot of free time!) I will try to create a second posting with portfolio advice. I'm not entirel...
by runner540
Sat Jun 22, 2019 1:44 pm
Forum: Personal Investments
Topic: Worried about the future/not saving enough
Replies: 39
Views: 5269

Re: Worried about the future/not saving enough

CorradoJr, it's great that you have a healthy income and are now maxing retirement accounts. That tells me you have at least $30k available to save each year. Given what you describe (high income but frustrated with debt you can't pay down) you should check out the Dave Ramsey budgeting and snowball...
by runner540
Tue Jun 18, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3346

Re: Maternity and Paternity leave policies

What do you mean by "paternity" leave? Maternity = mothers Paternity = fathers I get that. I just didn’t know this was really a thing extended to males. When my wife had our kids 13 and 15 years ago I was allowed to take the day off for the delivery. It never would have crossed my mind to ask for m...
by runner540
Mon Jun 17, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3346

Re: Maternity and Paternity leave policies

A good policy is a differentiator in hiring, and will build loyalty. A good leave policy that gives time for healing and bonding will also mean your team is better when they come back to work.
by runner540
Sun Jun 16, 2019 10:03 am
Forum: Personal Investments
Topic: What is most accurate income to mortgage calculation?
Replies: 14
Views: 1046

Re: What is most accurate income to mortgage calculation?

Joe Nathan wrote:
Sun Jun 16, 2019 10:00 am
No like I said just wasnt sure how a down payment and purchase price played into figuring a ratio.
Ok...but what does the ratio do for you?
by runner540
Sun Jun 16, 2019 9:54 am
Forum: Personal Investments
Topic: What is most accurate income to mortgage calculation?
Replies: 14
Views: 1046

Re: What is most accurate income to mortgage calculation?

Yeah, maybe wasnt the best way to ask. So when you consider say 1x income, its strictly based on the money mortgaged and not the purchase price? I guess it's still money being spent whether its mortgaged or out of your bank account. So for being financially responsible, the purchase price isnt bein...
by runner540
Sun Jun 16, 2019 7:28 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 38775

Re: How Bad was 2008, really?

2008-2009 was really, really bad. The world financial system nearly melted down and we came closer than we knew at the time to a second Great Depression. It was very, very scary. I stayed the course because I realized that if I sold my stocks at the bottom that I would never be able to have the ret...
by runner540
Fri Jun 14, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 38775

Re: How Bad was 2008, really?

Full disclosure, I was too young to be invested during the financial crisis. That being said, I'm having trouble understanding how bad it was. I hear about these bear markets (tech bubble, financial crisis, etc). All I see is a sharp decline, and then everything is gained back a couple years later....
by runner540
Thu Jun 13, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Why is this cabin so inexpensive?
Replies: 15
Views: 1631

Re: Why is this cabin so inexpensive?

No heating in northern Michigan?
by runner540
Thu Jun 13, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3371

Re: Cartier bracelet

So I want to buy my wife a Cartier bracelet for her birthday. Anyone know how to get discounts on these things? They're pretty expensive ~5k. Is your time worth searching for a discount? Any minor discount should be immaterial to you: you've mentioned that you are in the top tax bracket and implied...