Search found 2242 matches

by chevca
Sat May 25, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 16
Views: 1599

Re: Close to making an offer on a home

1. Room for negotiation in a fast-selling market I'm guessing you're about to learn this one very soon, or have already. In a fast-selling market where a house goes up for sale and immediately gets multiple offers, you are not going to be able to negotiate them down any and hope they take your offe...
by chevca
Fri May 24, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1597

Re: Finance depreciating asset?

Seems to me that if you’re wealthy enough for a 100k car, this is a rounding error. This is what I was thinking also. If one can buy and pay cash for a $100k car, who cares about whether there's a few thousand to be made one way or the other? As OP mentioned later in this one, it's likely not even ...
by chevca
Fri May 24, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth refinancing?
Replies: 16
Views: 1261

Re: Is it worth refinancing?

Now that refinancing vs recasting (or reamortizing) has been cleared up, to answer some questions: I know I can get the same rate from a big bank today (well, I guess not today anymore, but they quoted me for today) without any fees or points. The reason I want to recast is simply to try and lower ...
by chevca
Thu May 23, 2019 8:47 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1247

Re: Mortgage as part of AA

Thegame14 wrote:
Thu May 23, 2019 6:11 pm
actually the question ahs gotten completely de-railed, the only question was when considering my overall AA, do I include my mortgage with my investments or not....
No.
by chevca
Tue May 21, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

So, a basic question. In the mortgage lending process, who on the lender side has the power to negotiate? The mortgage lender with whom I've already spoken at USAA? Or the underwriting who is now contacting me based on my pre-approval with the mortgage lender? *With USAA, these are different people...
by chevca
Tue May 21, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

Ah, late June gives you more breathing room then. You have some time to look around. No. The OP has 14 days to obtain financing. That has nothing to do with the closing date. We cleared that up throughout the thread. :wink: Then why did you write "more breathing room"? Did you mean 4 days of breath...
by chevca
Tue May 21, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

JoeRetire wrote:
Tue May 21, 2019 4:33 pm
chevca wrote:
Tue May 21, 2019 4:28 pm
Ah, late June gives you more breathing room then. You have some time to look around.
No. The OP has 14 days to obtain financing. That has nothing to do with the closing date.
We cleared that up throughout the thread. :wink:
by chevca
Tue May 21, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

I also asked the USAA mortgage lender if it would make a difference in the interest rate if I had the down payment funds immediately transferred into my account from the relative. Oddly she said no. Basically they're taking my word for it, which seems odd for such a serious transaction. She's not i...
by chevca
Tue May 21, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

Ah, late June gives you more breathing room then. You have some time to look around.

I haven't really been following mortgage rates lately, but 4% sounds pretty reasonable to me.
by chevca
Tue May 21, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 3926

Re: What to do when you have enough?

I had a very interesting conversation with a friend who's Dad recently passed away. She has inherited a huge lump sum of money and I was telling her how it's best not to touch the principal and live off the interest. She had a very good question that I want to ask everyone here. She asked, "When do...
by chevca
Tue May 21, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

The gifted money is definitely a factor. Not a huge one. But, one the bank will definitely care about. They want to know the $150k, I'm guessing showed up in OP's account recently, isn't another loan from somewhere else. It's as simple as a letter the relatives fill out and sign to say it was a gift...
by chevca
Tue May 21, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Fair mortgage rate with great credit and 40% down payment?
Replies: 29
Views: 1327

Re: Fair mortgage rate with great credit and 40% down payment?

Late May closing.... as in, you're closing on the house within the next 10 days? If that's the case, I would go with what you have going now. That sounds like USAA? To me, it's too late in the game to go mortgage shopping if you're about to close. I've heard some folks say they have found a mortgage...
by chevca
Sun May 19, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

I agree, keep the car , but the disagree with the explanation. If another young driver asked, should I buy a 2018 Toyota Camry for $23k with the $20k in the bank or buy a cheaper car and invest the rest of the $20k, what do you think the answers would be? Inertia and momentum are powerful. Which we...
by chevca
Sat May 18, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

One scenario, the young driver was gifted the car by someone and now thinking of selling it. The other scenario, the young driver has $20k in the bank and thinking of buying a $23k car or a cheaper one. Apples and oranges. There's the difference of $3k loan. One scenario, young person is gifted $23...
by chevca
Sat May 18, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

I should add that gas and insurance is also taken care of for me. I believe the warranty would take care of any routine maintenance. Why not just ask your folks for $10k to invest as well... sounds like you can have all you want. Warranty does not take care of maintenance. No offense, but it seems ...
by chevca
Sat May 18, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5881

Re: At what NW do I have disposable income?

It seems that frugal/cheap/miser types that spent their entire working lives prioritizing above all else building huge cash mountain for 100% financial independence commonly find themselves unable to spend any of it when reaching retirement. By their own admission they commonly state here they now ...
by chevca
Sat May 18, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

Except your other young driver example is not at all the situation the OP is in. I'm sure we could all come up with scenarios where a cheaper car would be better. Or, we could just discuss the OP's situation.... He would be if he sold the car for $23k and paid off the $3k loan. If the indifference ...
by chevca
Sat May 18, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5881

Re: At what NW do I have disposable income?

Sounds pretty miserable to me. Pay yourself first, pay your taxes, pay the bills, keep food on the table, gas in the car, save a little more, and spend some on yourself. No need to be miserable now for your future self. Who knows... you may not even make it to future self. Live below your means, sa...
by chevca
Sat May 18, 2019 4:34 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

I should add that gas and insurance is also taken care of for me. I believe the warranty would take care of any routine maintenance. Why not just ask your folks for $10k to invest as well... sounds like you can have all you want. Warranty does not take care of maintenance. No offense, but it seems ...
by chevca
Sat May 18, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5881

Re: At what NW do I have disposable income?

It seems that frugal/cheap/miser types that spent their entire working lives prioritizing above all else building huge cash mountain for 100% financial independence commonly find themselves unable to spend any of it when reaching retirement. By their own admission they commonly state here they now ...
by chevca
Sat May 18, 2019 4:15 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

IMO, yes, you'd be crazy to do so. You have a like new car, under warranty, and someone else is paying for the car. Who would give that up?? I'm guessing you're young still. You have plenty of time to invest and this potential $10k will seem like peanuts someday. Keep the car! I agree, keep the car...
by chevca
Sat May 18, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5881

Re: At what NW do I have disposable income?

Sounds pretty miserable to me. Pay yourself first, pay your taxes, pay the bills, keep food on the table, gas in the car, save a little more, and spend some on yourself. No need to be miserable now for your future self. Who knows... you may not even make it to future self. Live below your means, sa...
by chevca
Sat May 18, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5881

Re: At what NW do I have disposable income?

Sounds pretty miserable to me. Pay yourself first, pay your taxes, pay the bills, keep food on the table, gas in the car, save a little more, and spend some on yourself. No need to be miserable now for your future self. Who knows... you may not even make it to future self. Live below your means, sav...
by chevca
Sat May 18, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Debt: Student loan or cabin
Replies: 27
Views: 1885

Re: Debt: Student loan or cabin

Another vote for student loans first.
by chevca
Sat May 18, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2887

Re: Crazy to Sell a Newer Car for an Older Car?

I have a 2018 Toyota Camry that I owe about $3k on. The car can be sold for about $23k. I am considering selling it and using the 20k left to purchase a much cheaper car, and use the difference to invest in a taxable account. I’m thinking used vehicle around 10k, so about 10k to the taxable. Am I c...
by chevca
Tue May 14, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Situation for 28 year old
Replies: 16
Views: 1320

Re: Mortgage Situation for 28 year old

So, you effectively have a 12 year mortgage at this point. And, you want maybe to refi to a 30 year mortgage? Personally, I would never more than double the time line of my mortgage without some emergency situation making it necessary to do so. What was the "some reason" you paid it down aggressivel...
by chevca
Tue May 14, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Retirement home property - select good, better, best?
Replies: 24
Views: 2575

Re: Retirement home location, good, better, best

Location at coastal retirement home locations such as cape cod. a 2k square foot home on great waterfront would be a million, premium pond type lot 800k and basic smaller lot 600k. What would you go for assuming pension and the rest of the portfolio should more than sustain expected expenses? Best,...
by chevca
Mon May 13, 2019 6:21 am
Forum: Investing - Theory, News & General
Topic: Do posters/the press underestimate changes to the structure of markets?
Replies: 9
Views: 1078

Re: Do posters/the press underestimate changes to the structure of markets?

What's to discuss there? We don't recommend or talk about trading small stocks frequently here on BH. An ETF holding all the stocks of an index fund is just an index fund that can be traded throughout the day rather than getting COB price. I'd encourage you to look into how many Americans even save ...
by chevca
Mon May 13, 2019 6:14 am
Forum: Personal Consumer Issues
Topic: Help me figure out cotton shirt mystery
Replies: 21
Views: 2548

Re: Help me figure out cotton shirt mystery

You buy t-shirts from a shop? Why don't you ask the shop? :happy
by chevca
Sun May 12, 2019 10:48 pm
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1029

Re: Parking/Investing $100k in a tax-advantaged manner

vadachennai wrote:
Sun May 12, 2019 10:45 pm
- Would you rather keep the money in the Ally account since it offers a 2.25% interest rate?
Yes.

Simple as that, IMO. I wouldn't take any chances with a down payment and that short a time frame.
by chevca
Sun May 12, 2019 10:20 am
Forum: Forum Issues and Administration
Topic: Real Names
Replies: 16
Views: 888

Re: Real Names

Taylor, you are in quite a different position than 99.9% of the members here.
by chevca
Sun May 12, 2019 10:16 am
Forum: Forum Issues and Administration
Topic: Real Names
Replies: 16
Views: 888

Re: Real Names

You must not visit any other forums? There is hardly a more civil forum out there than Bogleheads. Not that I know of at least. Add to that, the mods, in my opinion, are overly picky about what is snarky or offensive and it's about impossible to be anything but civil. I don't see how using real name...
by chevca
Fri May 10, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 2891

Re: Vacant Lake Lot. Sell or Hold?

Oh, whoops... I was typing while you were posting. Good move to get rid of it, OP.
by chevca
Fri May 10, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 2891

Re: Vacant Lake Lot. Sell or Hold?

My wife and I own 105' lakefront frontage property 45 minutes outside a decent size city in Wisconsin. We bought back in 2007 and 2010, one original lot and then a half of another lot with a total cost of 118K. I may have missed it, but I haven't seen it mentioned or asked. What was your original r...
by chevca
Wed Apr 24, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Should I Sell Car to My Boss?
Replies: 25
Views: 1996

Re: Should I Sell Car to My Boss?

Connect the two of them, then get out of the middle. They’re both adults, presumably. This seems quite a reasonable way to go. Funny story, I traded in a ten-year old Subaru about three years ago. Two years later, I got a voicemail on my work phone from someone 2,000 miles away who had bought my ol...
by chevca
Wed Apr 24, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4846

Re: Possible Divorce: Pension & Job Options

Oh, and the job thing... take a job for now. Reevaluate a year or so after the divorce is final if you can semi retire or not. Way too many unknowns right now for you to try a big change like that with a divorce going on. JMHO
by chevca
Wed Apr 24, 2019 1:34 pm
Forum: Personal Investments
Topic: Another home downpayment investing question!
Replies: 4
Views: 403

Re: Another home downpayment investing question!

If I moved every 2 - 3 years, buying a home wouldn't be anywhere in my plans until I was settled somewhere or retired. Other than that, down payment and investing don't belong in the same sentence or question, IMO. My outside looking in perspective on your situation, OP, is rent while you're moving ...
by chevca
Wed Apr 24, 2019 10:55 am
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 14834

Re: Dump international?

OP, if INT had a great year of 5 years, would you then want to buy back in? If not and you're just done with it, then dump it. If you would likely buy back in, keep it. Your reasons for holding INT and other assets certainly weren't that all assets would be best and give max. returns each year, righ...
by chevca
Wed Apr 24, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Should I Sell Car to My Boss?
Replies: 25
Views: 1996

Re: Should I Sell Car to My Boss?

Unless you know the Mustang is a ticking time bomb, get the two of them in touch to see if they can work something out.
by chevca
Wed Apr 24, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Car/Truck/SUV??
Replies: 25
Views: 1790

Re: Car/Truck/SUV??

I avg about 24k miles a year. One hour commute in both the morning and evening for work. So gas mileage is a concern with anything bigger. This is the most important job your vehicle has, as it is mainly what it's used for. All other uncommon situations can adapt at those times. Changing out vehicl...
by chevca
Tue Apr 23, 2019 10:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: "S&P 500 Index closes at record high"

Would you think that their strategy was that great or that they merely got lucky? I would say they merely got lucky. But, I'm also here on Bogleheads. Some would surely buy it hook, line, and sinker. Is it luck to watch your stock drop 94% in value three years after you bought it and continue to ho...
by chevca
Tue Apr 23, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4846

Re: Possible Divorce: Pension & Job Options

The 6-figure pension + my wife's salary might not allow me to live how I want. Just to get right to the bad news... you're not going to be able to live how you want to. Your wife is likely in line for part of your pension, maybe half or half whatever the married option would be. Unless she's totall...
by chevca
Tue Apr 23, 2019 10:14 pm
Forum: Personal Consumer Issues
Topic: How to clean a garage?
Replies: 71
Views: 4136

Re: How to clean a garage?

I tried watching Marie Kondo. Didn't help... What part didn't work? but I'm having such a difficult time getting rid of some of the stuff that I should throw out. Why? What stops you? Seems like I usually end up needing whatever I get rid 6 months later. Since I'm cheap, I hate to spend money on re...
by chevca
Tue Apr 23, 2019 9:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: "S&P 500 Index closes at record high"

Let me put it this way: if someone said "Amazon closed at $1,923.77 today, compounding at a real 29.07% annual rate since 1998, strong evidence that picking individual stocks works," would you believe them? Yes, if they also explained it was the only stock they ever picked and know how to pick a wi...
by chevca
Tue Apr 23, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4846

Re: Possible Divorce: Pension & Job Options

Why do you say, "possible divorce"? Is it you wanting the divorce, but only if it's financially okay? Or, is this an agreeable thing between the two of you? Depending on how things go, or if it's agreeable, she could walk out of this pretty good after 20 years of marriage. Although, I don't know Ohi...
by chevca
Tue Apr 23, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: "S&P 500 Index closes at record high"

Let me put it this way: if someone said "Amazon closed at $1,923.77 today, compounding at a real 29.07% annual rate since 1998, strong evidence that picking individual stocks works," would you believe them? Yes, if they also explained it was the only stock they ever picked and know how to pick a wi...
by chevca
Tue Apr 23, 2019 9:34 pm
Forum: Personal Consumer Issues
Topic: How to clean a garage?
Replies: 71
Views: 4136

Re: How to clean a garage?

but I'm having such a difficult time getting rid of some of the stuff that I should throw out. Any tips? Every year, I waste so much time shifting stuff around. I should just haul it all to the dump. I think you answered your own question. What tips are you looking for? Get rid of the stuff you don...
by chevca
Tue Apr 23, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: "S&P 500 Index closes at record high"

Certainly it's nice to see our investments at all time highs but a one day closing price is hardly evidence for or against any particular strategy! What? Really? Just in the mood to argue? Maybe the folks that bailed in January 2018 and haven’t got back in, or those that bailed in Sep, Oct, Nov, De...
by chevca
Thu Apr 18, 2019 8:19 am
Forum: Personal Investments
Topic: Roth or Traditional 457B with Pension
Replies: 20
Views: 1300

Re: Roth or Traditional 457B with Pension

With a pension that is likely to put you in about the same tax bracket in retirement, there is a good case to put contributions into the Roth 457b. You're in a good spot with a pension to look forward to giving you 84% of your high 5. That will likely cover your expenses in retirement alone. Your 45...
by chevca
Wed Apr 17, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2696

Re: Young Couple Seeking Financial Advice From Bogleheads

Pay the student loans off... today. No reason to hang onto them and they're at low enough amounts it won't hurt either of your savings accounts too much.

Otherwise, looks good. Keep on saving and stick to the plan. You guys should do great.