Search found 1994 matches

by chevca
Mon Jan 14, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 118
Views: 6099

Re: Getting a Mortgage when You can Pay Cash for a House

Hi. I’d appreciate it if anyone who has done this can chime in. Say you have 300k cash. That’s on top of other savings such as retirement accounts, taxable funds, and college funds for kids which are adequately funded and will continue to be adequately funded. You want to buy a house. You could pay...
by chevca
Thu Jan 10, 2019 11:59 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 146
Views: 10987

Re: Around 43K in dividends last year - feel good about it ?

You should feel terrible about the $14K in taxable dividends. Terrible? Seriously? Sometimes I think some people on this forum live in an alternate universe. You should feel proud. That is an excellent accomplishment. Your total dividends is more than my annual salary. Keep up the good work. I agre...
by chevca
Wed Jan 09, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 12531

Re: Recommendations for a 9mm handgun

Home - Glock 17 with light Carry - Glock 19 3) If you decide on a Glock you have to learn how to clear a stove pipe. Stovepipes are the only Glock weakness. If you do not know what a SP is then google it. If you cannot clear a stovepipe get another gun. Shot several 1000 rounds with my Glock 17 Gen...
by chevca
Mon Jan 07, 2019 10:04 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2750

Re: Balsam Hill - Defective Christmas Tree

How much did this tree cost... $20k??... i can't see fighting this at all worth while. But, maybe that's just me. Throw the bad one out, get another one next year from a different company, or better yet, get a real one from now on. :happy I really can't see getting lawyers involved and fighting this...
by chevca
Mon Jan 07, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6416

Re: Child # 3 - seeking advice from older members

My ex had a son from a prior relationship that i ended up taking on as my own without adoption. We decided to have one of our own and then decide from there if we wanted more..... Yep, we tried and got twins!! Try for 3, you may get 4... keep that in mind. :happy I love em all though, and another st...
by chevca
Sun Jan 06, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3061

Re: Thoughts on Buying a Ryan Home?

Agree about going to the neighborhood and talking to folks in person. We did that buying new and it's a much better feeling to hear from actual homowners in the area. Online reviews... well, how many homes has Ryan built in that area, and did they all post a review. Online reviews only tend to get p...
by chevca
Sun Jan 06, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Current rental, home purchase question
Replies: 2
Views: 244

Re: Current rental, home purchase question

We encountered a similar deal with a new house build. The builder kept moving the finish date back. After about 4 month there was still a huge mound of dirt on the lot our house was to be on. It was obvious the house wouldn't be done even on the already delayed finish date. We backed out. Had to get...
by chevca
Sun Jan 06, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4484

Re: Do you take inheritance into account when calculating net worth?

Nope, not until it's inherited.

But, according to the forum, folks count net worth hundreds of different ways. So, do as you please. :happy
by chevca
Sun Jan 06, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4011

Re: How old is too old to buy a house?

I'm in my mid-40s and have been a homeowner most of my adult life. I've owned different homes from brand new to 50 years old and in between. None of them have been this constant, ongoing, money sink of a maintenance issue so many BHs like to portray. The most stressful thing I've dealt with was the ...
by chevca
Sun Jan 06, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Home Addition Financing
Replies: 16
Views: 1182

Re: Home Addition Financing

Okay, that makes sense.

I would go the save up and pay cash in a couple years route then. Or, the HELOC or some loan and pay that off ASAP. It's a good idea nowadays to hang onto that 3.625% mortgage, IMO.
by chevca
Sun Jan 06, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Home Addition Financing
Replies: 16
Views: 1182

Re: Home Addition Financing

Why not just move to a different house that fits your needs? Where will you live when your ranch doesn't have a roof for however long?

It seems like the easier route would be to just sell the ranch and get a different house.
by chevca
Sun Jan 06, 2019 2:07 am
Forum: Personal Consumer Issues
Topic: Best way to move on from pricy car?
Replies: 35
Views: 2285

Re: Best way to move on from pricy car?

There's no button on the front drivers door that locks or unlocks all the door??
by chevca
Sun Jan 06, 2019 2:00 am
Forum: Investing - Help with Personal Investments
Topic: Rollover pension to Roth IRA and backdoor Roth conversion in same year
Replies: 11
Views: 512

Re: Rollover pension to Roth IRA and backdoor Roth conversion in same year

To me and I think plenty of others, the part about paying taxes on it is a conversion and not a roll over. I don't know the technicalities of precisely what is what. But to me, a rollover means 8k is still 8k after all is said and done. If 8k is 6500 after all is said and done, it was converted from...
by chevca
Sun Jan 06, 2019 1:52 am
Forum: Personal Consumer Issues
Topic: Best way to move on from pricy car?
Replies: 35
Views: 2285

Re: Best way to move on from pricy car?

How is the door inoperable? Are the locks not electronic or push a button from the front on a 130k vehicle.. or just unlock when you put it in park? Sounds more like an inconvenience than inoperable to me. Lemon law because the lock knob popped off?? Yikes, bogleheads like to take things to extremes...
by chevca
Sat Jan 05, 2019 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on investing money received from older relative with a sooner-than-retirement time horizon
Replies: 9
Views: 594

Re: Need advice on investing money received from older relative with a sooner-than-retirement time horizon

I think most would need this part explained more to give good advice. What possible care is this relative looking at in the future and when? If this money could be needed for someone's care, I would say 70/30 is pretty aggressive. I'd probably switch that to 30/70 until the possible future care sit...
by chevca
Sat Jan 05, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20153

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I've been there myself. In my late 30's, we/I were about $30k - $40k in debt, and the ex was divorcing me at the time. Could be worse! I'm with the others that mentioned cutting spending any way you can, get a higher paying job, a second job, sell stuff, or do whatever you need to do. It feels so go...
by chevca
Sat Jan 05, 2019 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension to Roth IRA and backdoor Roth conversion in same year
Replies: 11
Views: 512

Re: Rollover pension to Roth IRA and backdoor Roth conversion in same year

OP, why is your wife not eligible for the pension and taking the refund now?
by chevca
Sat Jan 05, 2019 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover pension to Roth IRA and backdoor Roth conversion in same year
Replies: 11
Views: 512

Re: Rollover pension to Roth IRA and backdoor Roth conversion in same year

You can't rollover funds from a tax-advantaged 401a into a roth IRA. You will need to roll it over in a traditional IRA first and then convert it into your roth IRA. Where did you get that information? I think they were just trying to straighten out the terms for the OP. If it's like most pension c...
by chevca
Sat Jan 05, 2019 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on investing money received from older relative with a sooner-than-retirement time horizon
Replies: 9
Views: 594

Re: Need advice on investing money received from older relative with a sooner-than-retirement time horizon

Over the past couple years, an older family member (late 50s) has given me (early 30s) money each year that could be used, if necessary (that is, as a back-up), for their care in the future. I think most would need this part explained more to give good advice. What possible care is this relative lo...
by chevca
Sat Jan 05, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 43
Views: 3930

Re: Is an ARM always a bad idea?

Oh, gotcha. I thought you meant over the last few years.
by chevca
Sat Jan 05, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 43
Views: 3930

Re: Is an ARM always a bad idea?

Banker here. ARMS are fine and can be very useful especially for first time buyers who are almost certain to move up within 5-7 years. FYI 80% of all 30 year fixed mortgages are repaid (either by sale, refi, or by simply being paid off early) in under 10 years. We’ve been in our current home 8 year...
by chevca
Sat Jan 05, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4011

Re: How old is too old to buy a house?

The OP mentioned buying in a 55 plus adult living community with an HOA. I'm thinking a lot of the maintenance concerns brought up might not be such a concern there? But, i don't know for sure.
by chevca
Sat Jan 05, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: RE: Big Down Payment vs Small Down Payment
Replies: 11
Views: 1236

Re: RE: Big Down Payment vs Small Down Payment

OK, Thanks again to mortfree for checking the math. I did 10 x $12,000 @ 7.5% (annual)...because I cannot find my 12C, and it was easier. The net is that the future cash flows amount to $169,765 NFV. Which yields this..... Net Position in Ten Years $389,415.83 $550,350.66 About 50% better for a sma...
by chevca
Sat Jan 05, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4011

Re: How old is too old to buy a house?

No such thing as too old to buy a house, IMO. If you and the wife always dreamed of owning a house,.... do it.
by chevca
Fri Jan 04, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: RE: Big Down Payment vs Small Down Payment
Replies: 11
Views: 1236

Re: RE: Big Down Payment vs Small Down Payment

Well, if one were guaranteed to do better with home appreciation and return on the cash, yes, they'd be crazy to put a huge down payment down on a house. But, those things aren't guaranteed like your scenario seems to suggest. The 5% home appreciation is VERY optimistic. The 7.5% return on the cash....
by chevca
Wed Jan 02, 2019 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ 2020 house purchase + taxable brokerage account
Replies: 3
Views: 247

Re: Help w/ 2020 house purchase + taxable brokerage account

If that taxable account/money is earmarked for a down payment in a year or so, I would not have any of it in stock or stock funds/ETFs. That's too risky for my taste over such a short time frame.

What are you looking at for capital gains, or even losses there?
by chevca
Wed Jan 02, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5351

Re: Ticket for speeding

This is getting silly now comparing a speeding ticket to felony charges. Let's close this one down, mods, as no one is even interested in helping the OP anymore. It has turned into a typical internet 'I'm right and you're wrong' argument.

This one's run it's course....
by chevca
Mon Dec 31, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 51
Views: 4287

Re: What is the expected real return of S&P 500 for the next 30 years?

This got me thinking that if I had a lump sum to invest and I expected to retire in 30 years, my real return might be much lower than the long-term average (7%), which could be a big problem. Why would this be a "big problem"? It's still positive. Do you know anything that is sure to have a better ...
by chevca
Mon Dec 31, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 51
Views: 4287

Re: What is the expected real return of S&P 500 for the next 30 years?

Over the next 30 years? No one can really answer that for you, OP.

Predicting next year is tough enough and simply a guess. The next 30....
by chevca
Mon Dec 31, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Cash out gains?
Replies: 7
Views: 563

Re: Cash out gains?

What is your mortgage rate?

Why didn't you throw extra money at the mortgage in the past rather than in the S&P 500?
by chevca
Sun Dec 30, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Make Jan 2019 mortgage payment by 12/31 or not?
Replies: 8
Views: 677

Re: Make Jan 2019 mortgage payment by 12/31 or not?

OP, according to your post back in June, you had a $202k balance on your mortgage at 4.25%. Are you sure you will be itemizing? That's not all that much interest paid with the higher standard deductions now and our property taxes aren't too high in WA. I kind of doubt you will be itemizing, and it n...
by chevca
Sun Dec 30, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify with how many bond funds?
Replies: 26
Views: 1432

Re: Diversify with how many bond funds?

Every interest rate bump, regardless of how small, and "news" story seems to scare the heck out of the stock market regardless of the fundamentals of strong earnings reports, strong jobs reports, GDP growth, and strong consumer confidence. I fear that I'll never recoup any near-term stock % loss so...
by chevca
Sat Dec 29, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify with how many bond funds?
Replies: 26
Views: 1432

Re: Diversify with how many bond funds?

Total Bond or the Intermediate Term Index are as diversified as I think you'd need.

Put a year or two at a time in a Money Market fund if you want really safe in the near future.
by chevca
Sat Dec 29, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8883

Re: Opinions sought $3.5 M Net Worth

Sending two kids to expensive colleges if you can afford it is not unwise.

How is your 401k invested?

It seems like you're trying to act like you don't know anything about finances, when you have managed to save up a boat load of money. Why?
by chevca
Sat Dec 29, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8883

Re: Opinions sought $3.5 M Net Worth

m02876 wrote:
Sat Dec 29, 2018 4:06 pm
Any thoughts? Will I just have to keep
working till I die?
Really?? :oops:

I hope you were kidding with that last question.
by chevca
Fri Dec 28, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Adding Windfall to Portfolio
Replies: 4
Views: 369

Re: Adding Windfall to Portfolio

Dang, congrats!!

I'd pay off the mortgages just to be done with them. I would also go 60/40 or 50/50 and call it good for the AA. You can pretty much do whatever you'd like though with that windfall and your salary.
by chevca
Thu Dec 27, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5351

Re: Ticket for speeding

These are always so entertaining! I wonder how much the different opinions, knowledge, or lack there of actually helps the OP make a decision? :happy
by chevca
Thu Dec 27, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: New House Construction: Licensed Inspection
Replies: 10
Views: 925

Re: New House Construction: Licensed Inspection

That's normal language in my experience buying 2 new build houses. That is THEIR walk through time to show you what THEY are doing as the build your house. They want to have all your attention during that. In my experience, those walk through times are very informative and it's not like they're tryi...
by chevca
Thu Dec 27, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Anyone do global capitalization weight portfolio....of bonds?
Replies: 32
Views: 1318

Re: Anyone do global capitalization weight portfolio....of bonds?

After all, it's about adding elements to achieve a market weight portfolio. Even Vanguard, with its LifeStrategy portfolios, doesn't add that diversifier. Wait, is it all about achieving a market weight portfolio? Or, is it about diversification? They are not the same thing, and not even the same f...
by chevca
Thu Dec 27, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: What is really going on?
Replies: 39
Views: 3993

Re: What is really going on?

spaids wrote:
Wed Dec 26, 2018 10:30 pm
Does anybody have any idea what is going on in the market right now and can explain?
No, nor do I try to come up with an idea of what's going on. :happy
by chevca
Thu Dec 27, 2018 8:14 am
Forum: Investing - Theory, News & General
Topic: Another take on international vs S&P 500
Replies: 17
Views: 1315

Re: Another take on international vs S&P 500

You should provide links to these things rather than cut and paste a bunch of stuff that is about impossible to read in a decent way.

Also, do a search on this forum. This topic has been covered probably hundreds of times.
by chevca
Thu Dec 27, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Why stay the course? Why not sell all?
Replies: 68
Views: 6787

Re: Why stay the course? Why not sell all?

Let’s say, hypothetically speaking of course, that there is a good chance stocks will fall in the next few weeks/months. Assuming this information to be true, what merits does staying the course have? Wouldn’t it be more sensible to sell all of my funds now (assuming a profit, of course), and rebuy...
by chevca
Tue Dec 25, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Buying house - Advice requested
Replies: 39
Views: 3951

Re: Buying house - Advice requested

You always want to do sone work yourself IMO. Hopefully, you and your agent are coming up with similar or the same properties you want. What you want to bring up with the agent is if you find a place they may not come up with, you can ask, what about this one? Hopefully they will have a little more ...
by chevca
Tue Dec 25, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4541

Re: Working Holidays for extra money.

What would your family prefer? After 20 years, I'm guessing you have the seniority that you wouldn't be one stuck working the holidy? I'd also guess, being a BH, you don't need this holiday pay. Sure, it's nice pay, but family time is worth more, IMO. Stop working holidays if you don't have to. ** I...
by chevca
Sun Dec 23, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: net worth breakdown: 401k, roth, taxable, real estate
Replies: 13
Views: 1437

Re: net worth breakdown: 401k, roth, taxable, real estate

A little clarification early on would have been nice. :wink:
by chevca
Sun Dec 23, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: net worth breakdown: 401k, roth, taxable, real estate
Replies: 13
Views: 1437

Re: net worth breakdown: 401k, roth, taxable, real estate

Ahh, well that pretty much answers my question in the other thread about if you favor taxable. :happy i've been maxing my 401k for many years. You can only put in 18500 in a 401k per year... Remember? The rest of the money has to go somewhere (taxable) You should look into whether your 401k plan al...
by chevca
Sat Dec 22, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: net worth breakdown: 401k, roth, taxable, real estate
Replies: 13
Views: 1437

Re: net worth breakdown: 401k, roth, taxable, real estate

Yes, but you seem to be a high income individual and I think that may skew your view that taxable is more valuable. And, that's perfectly fine.
by chevca
Sat Dec 22, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: $1 in 401k vs $1 in savings account - which would you take?
Replies: 46
Views: 1524

Re: $1 in 401k vs $1 in savings account - which would you take?

Why, you don't feel genie questions are actionable? :happy
by chevca
Sat Dec 22, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: net worth breakdown: 401k, roth, taxable, real estate
Replies: 13
Views: 1437

Re: net worth breakdown: 401k, roth, taxable, real estate

Ahh, well that pretty much answers my question in the other thread about if you favor taxable. :happy