Search found 2393 matches

by chevca
Fri Jul 12, 2019 3:52 pm
Forum: Personal Investments
Topic: Refinance 30yr - 4.75%?
Replies: 23
Views: 1645

Re: Refinance 30yr - 4.75%?

Refinance for sure if you can shave a full point or more off your rate. Go with the 15 year if you can afford that monthly payment easily. If not, go with the 30 year. You're only half a year into the current mortgage. Don't worry for a second about starting another 30 year mortgage. You barely star...
by chevca
Fri Jul 12, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: 2016 Car with only 11,000 miles?
Replies: 32
Views: 2892

Re: 2016 Car with only 11,000 miles?

Sounds like a good call to pass on that one.
by chevca
Fri Jul 12, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do I figure out what offer to make on a condo?
Replies: 19
Views: 1460

Re: How do I figure out what offer to make on a condo?

Do you have a Realtor of your own? What did they say to offer? How much above asking are you willing to pay?

Only knowing what you posted in the first post here, it seems like it's best for you to pass on this one and get better prepared.
by chevca
Fri Jul 12, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 2575

Re: Should I Buy a Motorcycle?

Buy one? Sure, but buy it don't finance it, buy used, and since you have to wait on the construction loan replace the motorcycle money in savings during the wait period. Keep it simple. I'm not a motorcyclist, but from knowing many I've heard never buy a new bike as your first bike. You will dump it...
by chevca
Fri Jul 12, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is any type of marriage counseling partially covered by Health insurance?
Replies: 21
Views: 1645

Re: Is any type of marriage counseling partially covered by Health insurance?

Depends how honest you want to be. You can probably find a counselor to say you're getting 'anger management ' or 'depression' counseling as a couple. I/we didn't feel okay about doing that and just paid for our marriage counseling.
by chevca
Fri Jul 12, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: 2016 Car with only 11,000 miles?
Replies: 32
Views: 2892

Re: 2016 Car with only 11,000 miles?

Myopic squirrel wrote:
Thu Jul 11, 2019 4:31 pm
Without knowing how these miles were put on - e.g. average @ year, any drawbacks come to mind as to the low mileage? Thank you in advance.
None at all. Sounds like a sweet deal, basically 4 year old car that's barely got any miles on it. If you like the car, go for it.
by chevca
Wed Jul 10, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1679

Re: Home Refinance

I just ran a 300k mortgage at 3.25% and 15 years. It showed just a hair under 80k in total interest paid just sticking to the 180 month schedule. Does that not give you just about exactly what you want? If you want to refi and plan to pay down aggressively still, why not just get a 15 year mortgage?
by chevca
Wed Jul 10, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Winding Down
Replies: 2
Views: 924

Re: Winding Down

I don't believe you can avoid all capital gains by moving to the rental forna couple years. That's something that rarely gets straightened out here on Bogleheads though. How long has it been used as a rental? I don't know that hanging onto a cash flow neutral rental is a great idea. What if a major ...
by chevca
Wed Jul 10, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1679

Re: Home Refinance

OP, the incentive on prepayment is the same at the start of the mortgage as it is near the end. You never pay 3.875% on that prepayment again. There is no "front loading" of interest on a mortgage. An often misunderstood concept. The interest portion of your payment is always based off the balance a...
by chevca
Wed Jul 10, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Drive to Olympic National Park from Midwest
Replies: 25
Views: 1650

Re: Drive to Olympic National Park from Midwest

That's an easy and beautiful drive! I've done it a couple of times myself. My trips were in the spring and summer, so weather was not an issue. It gets pretty steep in the Idaho part of the drive. But, it's still the freeway and no need to worry about beating the crap out of your car. We do have pav...
by chevca
Wed Jul 10, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1679

Re: Home Refinance

3.875% to 3.625%... no way. The paperwork alone would be too much of a hassle to me for that little of a rate reduction. It would seem you have been paying down your mortgage aggressively to have knocked $40k off the balance in 2 years. The reason your potential new monthly payment would be a couple...
by chevca
Tue Jul 09, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

It very well could be available that way. I'm mostly throwing a guess out there based on my understanding of past threads and links. It is not an easy process tax wise. I'm pretty sure of that. :happy
by chevca
Tue Jul 09, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

JaceSpade, You have not been given good advice. And the best way to learn it the right way is by reading official documents from the IRS. Here are links for two very good ones, one is a recap and the other has all the details. https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-...
by chevca
Tue Jul 09, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

I believe the basic version of how it will work for you, and I'm not at all an expert, is your gains from when you bought it until you turned it in to a rental will meet the exclusion part. But, the 3 years you had it as a rental will still be subject to the gains tax. So, $406k to whatever you sell...
by chevca
Tue Jul 09, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

Yeah, I gloss over in a hurry when I try to read tax law stuff. :happy
by chevca
Tue Jul 09, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

Well, bad news. You will owe depreciation recapture whether you claimed it or not since turning it into a rental. I.E. you should have been claiming it! That's also based off what the house was worth when turned into a rental divided by 27.5 (years). The value of the land would be subtracted from t...
by chevca
Tue Jul 09, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2092

Re: Selling a rental property - taxes

We purchased it for 200k in 2009. According to Zillow, the house was worth 406.1k when we started renting it out in October 2016. We're listing it at 470k. I've used Turbo Tax for our taxes and know I deducted landscaping expenses, rental manager fees and some minor repairs. I don't now recall dedu...
by chevca
Tue Jul 09, 2019 10:45 am
Forum: Personal Investments
Topic: Where to invest down payment money for 2 years
Replies: 11
Views: 916

Re: Where to invest down payment money for 2 years

Invest and a 2 year time frame don't belong in the same thought or sentence, IMO. Pick a savings account or CD and call it good. No need to overthink this sort of thing. The goal is to save the money for a couple years until it's needed, not to get rich off this money.
by chevca
Tue Jul 09, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5199

Re: (Tall) Buyer Beware: Honda Accord.

I'm just a hair under 6'2" and got a Civic as a commuter for my long daily drives. The seats stink! There's about a 1 hour limit where that's the max I can be comfortable in the driver's seat. After that, it's just suck it up until the drive is over. Space wise, the car is fine. I don't feel cramped...
by chevca
Mon Jul 08, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: car color
Replies: 41
Views: 4067

Re: car color

thankyou all for helpful advice, thinking of having this done on a lexus rh450 . Have you talked to Lexus about this, or would you rather just take the word of a bunch of folks on the internet? :happy If I wanted a new Lexus in a special color, I'd probably ask Lexus if they can do a special order ...
by chevca
Mon Jul 08, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?
Replies: 36
Views: 3456

Re: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?

OP, you made a complicated thing out of it when you could just ask, historically has it been bad to try and time the market? Being here on Bogleheads, I'm guessing you know the answer to that question.
by chevca
Mon Jul 08, 2019 8:56 am
Forum: Personal Investments
Topic: Trying to "time the market" at annual rebalance ONLY?
Replies: 16
Views: 1458

Re: Trying to "time the market" at annual rebalance ONLY?

If you're not contributing or withdrawing from the portfolio, shouldn't rebalancing in August mean just let it sit there until August and move things around if the AA is out of whack? If not out of whack, just let it keep sitting there?
by chevca
Mon Jul 08, 2019 8:49 am
Forum: Personal Investments
Topic: Where to invest new cash at this time of all time high market
Replies: 24
Views: 2666

Re: Where to invest new cash at this time of all time high market

I just received around 250K due to a stock vesting and not sure if this is the right time to put that money in the market as the market is so high. I got it, this is timing the market but the market seems very very high based upon recent news. My asset allocation for my current assets is 70 Stock a...
by chevca
Sun Jul 07, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Paying off mortgage - need to break CD's - how
Replies: 3
Views: 363

Re: Paying off mortgage - need to break CD's - how

Congrats on paying off your mortgage very soon!
by chevca
Sun Jul 07, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Am I calculating my potential mortgage refinancing savings correctly?
Replies: 16
Views: 1343

Re: Am I calculating my potential mortgage refinancing savings correctly?

I would refi to the 15 year mortgage you proposed and not prepay another dollar on it. It's a very good rate at 3.25% and that's very close to the time you planned to pay it off anyway. Now, it would just be on autopilot for you after the refi.
by chevca
Sun Jul 07, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Am I calculating my potential mortgage refinancing savings correctly?
Replies: 16
Views: 1343

Re: Am I calculating my potential mortgage refinancing savings correctly?

Who cares?

This is a really good refi opportunity for you. What more is there to figure out?
by chevca
Sun Jul 07, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: used car buying
Replies: 20
Views: 1700

Re: used car buying

Find a car you like, at a price you like, and buy it. It can really be that simple. :happy

You have asked way to broad of a question, really. You will get answers all over the place based on personal preferences. Have you even narrowed it down to a few cars you like?
by chevca
Sun Jul 07, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Am I calculating my potential mortgage refinancing savings correctly?
Replies: 16
Views: 1343

Re: Am I calculating my potential mortgage refinancing savings correctly?

Not really. Because your mortgage payment comparisons should just be on the regular payment, IMO. Either way though, you save in interest paid. Especially with a lower rate, which the math does show. But, doesn't really matter. If you can shave over a point off your mortgage rate, switch to a 15 yea...
by chevca
Sat Jul 06, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need Perspectives on Potential Home Buying Decision
Replies: 20
Views: 1173

Re: Need Perspectives on Potential Home Buying Decision

You have a 15 year old car that's rusting through and $330k in total cash. Why are you holding onto a rust bucket, possibly for a few more years, when you could buy a decent car not rusting out tomorrow?! That's pretty silly, IMO. Get rid of the rust bucket and get a better car, decide if you reall...
by chevca
Sat Jul 06, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Need Perspectives on Potential Home Buying Decision
Replies: 20
Views: 1173

Re: Need Perspectives on Potential Home Buying Decision

You think you would be happy in this house? Would you or wouldn't you? If you're not sure buying a house would make you happy, I wouldn't be buying a house if I were you. If you're unsure, wait until you start spending on maintenance and upgrades or whatever. You probably will not like the house the...
by chevca
Fri Jul 05, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Home Price as a % of Net Worth
Replies: 20
Views: 1677

Re: Home Price as a % of Net Worth

Additionally, I worked out the mortgage calculators, and I'm thinking to have one mortgage payment (property taxes, HO insurance included) taken care of by one of my paychecks per month, all else between my S.O. and I going to living and saving. Thank you! I would stick to this rule you came up wit...
by chevca
Thu Jul 04, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Does this car exist? Sexy convertible with a backseat
Replies: 53
Views: 3259

Re: Does this car exist? Sexy convertible with a backseat

How much time do you plan to spend driving around your nephew? Is this really something you should base your car purchase decision on? I mean, if it was your kid and you would be driving them around all the time.... but, a nephew...
by chevca
Thu Jul 04, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: Does this car exist? Sexy convertible with a backseat
Replies: 53
Views: 3259

Re: Does this car exist? Sexy convertible with a backseat

Even forward facing kid seats, you need to put the front seat all the way forward. So, unless it's just going to be you in the driver's seat and no other adult up front...

You can cross the Mustang and Camaro off your list if you want a back seat that's usable for your plans.
by chevca
Thu Jul 04, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4706

Re: Reservations about purchasing a 16 year old house

Yes, you should have reservations about the age if low maintenance is a priority. The inspection would likely tell you more about the condition of everything. But, 16 years is an age where things likely need attention or replacement in coming years. But, expecting low maintenance on anything but a b...
by chevca
Thu Jul 04, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Lengthy notices from all our credit cards?
Replies: 16
Views: 1789

Re: Lengthy notices from all our credit cards?

I'm also one that doesn't read the notices or updates. Like many Bogleheads, we pay the cards off monthly and i figure any changes aren't really going to change our use of the cards. Any changes that would affect us, I would find easier by my following of the accounts online. I figure then I would l...
by chevca
Thu Jul 04, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: Does this car exist? Sexy convertible with a backseat
Replies: 53
Views: 3259

Re: Does this car exist? Sexy convertible with a backseat

Shelby's are awesome. But, I doubt that one would pass the test for the parents of the nephew. :happy
by chevca
Thu Jul 04, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Pension?
Replies: 3
Views: 420

Re: Mortgage or Pension?

What sort of mortgage rates are we talking here? That's kind of important in the decision.

Do you also have to pay US taxes on a withdrawal like that?
by chevca
Thu Jul 04, 2019 8:48 am
Forum: Personal Investments
Topic: understanding pension - advice
Replies: 7
Views: 608

Re: understanding pension - advice

You don't want to wait until age 65 to have money to enjoy life??? Yes, saving $100k a year i can see your worries there.... Sounds like the pensions will be a small piece of the puzzle in the end for you guys. Your other savings and investments, and home equity will dwarf the pensions. Do whatever ...
by chevca
Thu Jul 04, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: We got scammed out of our personal info
Replies: 18
Views: 3271

Re: We got scammed out of our personal info

I received an email with an offer to interview via Google Hangout and foolishly confirmed my name, email address, mailing address and phone number. I realized I'd been had when the "recruiter" gave me his email having a "financier.com" suffix instead of the employer's. I didn't give any other infor...
by chevca
Thu Jul 04, 2019 8:20 am
Forum: Personal Consumer Issues
Topic: Does this car exist? Sexy convertible with a backseat
Replies: 53
Views: 3259

Re: Does this car exist? Sexy convertible with a backseat

As someone else mentioned, look at a Mustang. The back seats are barely tolerable for large adults, but perfect for child seats and young children. And they come in many price and performance ranges. Perfect? Uh, no. Unless you consider needing to slam the front seat all the way foward to make the ...
by chevca
Tue Jul 02, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

I agree with the 5 year CD at the best rate you can find.

At $50k, the outcome isn't going to be huge if there's minimal differences between rates. Don't overthink this.
by chevca
Sat Jun 29, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

Contrary to popular BH beliefs, you can visually see if a tire is low nowadays. I see folks driving with one or more low tires often. Keep an eye out and see if you can spot one. Also contrary to BH belief, they can drive that way for a while. They don't just blow a tire, roll over, and burst into f...
by chevca
Fri Jun 28, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: 457b [Want to set up a 457(b)]
Replies: 11
Views: 1242

Re: 457b

How much will you possibly be contributing during a 6 month job? It seems like you're over complicating this as far as changing tax brackets and worrying about taxes on what might be minimal contributions. OP could contribute the full 19000 for the year for the 457b - assuming the salary is higher ...
by chevca
Fri Jun 28, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

Edited to remove what someone may consider crude language. TPM's are there to minimize a slow leak from causing a blow-out, especially if it's a front tire which could cause loss of control. Blow-outs usually occur at high speeds, like on the freeway/highway, where the low pressure leads to tire ov...
by chevca
Fri Jun 28, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: New debit card without requesting it?
Replies: 11
Views: 596

Re: New debit card without requesting it?

JD2775 wrote:
Fri Jun 28, 2019 10:32 am
Turns out they thought my card was expiring next month, even though it's valid until 3/21. No other reason (suspicious activity etc...).

Thanks
That inspires confidence in B of A and their records system... :shock:
by chevca
Fri Jun 28, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

Then the valve stem failed. The TPMS is a sensor, nothing more.
by chevca
Fri Jun 28, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

I had one fail because it rusted out or was corroded and as a result the seal went bad and the tire wouldn't hold air. I was late to a job interview as a result (they understood but still it was unnecessary - luckily the car was in my garage so I was able to change clothes before dealing with the t...
by chevca
Fri Jun 28, 2019 10:07 am
Forum: Personal Investments
Topic: Sold one of two houses. Pay off the other house?
Replies: 18
Views: 1583

Re: Sold one of two houses. Pay off the other house?

Except for the important part of us not knowing the current mortgage rate. :happy This friend may not be comfortable with investing also. She said that it was 4.8%. That's a fairly high mortgage rate, and puts it more in the pay off that mortgage side, IMO. It would be tough to match that rate, let...
by chevca
Fri Jun 28, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Cancelling 24 Year Old Credit Card
Replies: 31
Views: 2686

Re: Cancelling 24 Year Old Credit Card

You planning to borrow money any time soon, or do anything where your credit score actually matters? If not, who cares. Close it if you'd like, leave it open if you'd like, and if you don't use it and they close it anyway... again who cares. As mentioned, it's likely to change your credit score much...
by chevca
Fri Jun 28, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1210

Re: Shopping for Mortgage - Question re ARMs

Might be a psychological hangup but the thought of the whole post tax advantaged paycheck being allocated somewhere stresses me out. I do recognize that a large chunk would be going to principal payoff and equity but that doesnt register with me as an investment. I recognize that much of this is ps...