Search found 1309 matches

by chevca
Wed Apr 25, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 44
Views: 3815

Re: Another Warren Buffett S&P 500 Recommendation

The Moms, Pops, and Aunt Glady's out there likely don't even know who Buffett or Bogle are.... let alone seek out their advice on invest. If they're even saving and investing, it would be surprising.
by chevca
Tue Apr 24, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with Mr Cooper
Replies: 16
Views: 3089

Re: Paying off mortgage with Mr Cooper

Your contradicting yourself. Earlier in the tread, you said it wasn't worth refinancing. Now, it's if you could get a low enough rate and long enough duration...... you could have done so for the past handful of years.... and still could get a lower rate than your mortgage. Why didn't you or why don...
by chevca
Tue Apr 24, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Possibly but not definite house change in 4-5 years - plan for down payment?
Replies: 15
Views: 622

Re: Possibly but not definite house change in 4-5 years - plan for down payment?

So I'd like to be able to jump on a sale with no conditions. Then, cash is king. You don't mention where a down payment might come from. Taxable, or are you planning to use the equity in current house as the down payment? If you can qualify for the new mortgage while carrying the current mortgage, ...
by chevca
Tue Apr 24, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Small Landlord Tax Deduction and $25K Allowance
Replies: 11
Views: 766

Re: Small Landlord Tax Deduction and $25K Allowance

Whoops... I thought there was only the $150k limit/line. Sorry for the bad info.
by chevca
Tue Apr 24, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with Mr Cooper
Replies: 16
Views: 3089

Re: Paying off mortgage with Mr Cooper

I don't really understand that thinking. If you've paid off your house, I assume you probably have no other debts either. This means you can just take the standard deduction and be happy, no? Well.. last year I was on a 25% tax bracket. So effectively, the interest for my mortgage was (1-25%) * 5.2...
by chevca
Sat Apr 21, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Young and unsure how to invest
Replies: 4
Views: 443

Re: Young and unsure how to invest

If you will use this money for college or a car soon, you should not invest it. Just save it in a savings account, so it's there when you need it. Good job being so young and thinking the way you are. But, it's not time for investing yet, IMO. Just be a good saver for now and stay out of debt best y...
by chevca
Sat Apr 21, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Small Landlord Tax Deduction and $25K Allowance
Replies: 11
Views: 766

Re: Small Landlord Tax Deduction and $25K Allowance

I understand that. But, I would hardly call that "good". It would be a long time before that good investment would be a real money maker.
by chevca
Sat Apr 21, 2018 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Small Landlord Tax Deduction and $25K Allowance
Replies: 11
Views: 766

Re: Small Landlord Tax Deduction and $25K Allowance

You got it. As long as you're under the limit to take the losses, you get to take all the loses. It's not a sliding scale. You either get to take the loss or you don't.

A better question is, why would you want to have or keep this rental? It sounds like $1000 or more a month out of pocket.
by chevca
Wed Apr 18, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1572

Re: How do you know what price to negotiate when buying a used car?

I would go to KBB and do a trade in to dealer value and subtract roughly 5% of that number. That will give me an idea what the dealer paid for it And, if you go to the dealer expecting to buy it for that price, you're simply wasting your time. Unless the car has been sitting there for 6 months, tha...
by chevca
Wed Apr 18, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 5198

Re: I want to pay off my mortgage. Am I crazy?

BigLaw has more than that...

viewtopic.php?f=2&t=247407

They were just talking about part of the picture in this one.
by chevca
Wed Apr 18, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 5198

Re: I want to pay off my mortgage. Am I crazy?

You said the mortgage balance is 4% of your net worth and you have 5 years left on a 10 year loan. Paying it off early will make zero difference in your personal finances. You have no need to borrow money but maybe you want to. Maybe its fun to speculate and spend a lot of time while you are retire...
by chevca
Wed Apr 18, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1572

Re: How do you know what price to negotiate when buying a used car?

Calling all car shopper experts :moneybag ! I'm in the market for a certified 2015 Camry and need to gauge the right price to base my negotiations with the dealer. I used the Kelly Blue Book estimate but it only gives me a range and for the car that I want, the dealer's price is within the KBB rang...
by chevca
Wed Apr 18, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with Mr Cooper
Replies: 16
Views: 3089

Re: Paying off mortgage with Mr Cooper

If you have an Ally account, or similar I imagine, you can do the wire from your computer. Just log in and set it all up. Have all the info needed to make the wire. They will call you to verify it all. And, done. I'm not sure how the principal payment early would go. Make a payment of whatever leave...
by chevca
Wed Apr 18, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: 3 years away from leaving military and buying home
Replies: 5
Views: 531

Re: 3 years away from leaving military and buying home

Appreciate any general advice I can get to make this happen. Finish you time in the military, then do your schooling, then get certified, then get a job,... AND THEN think about buying a house! You are way to eager and excited about this right now.... taking money out of the TSP??!! As said above, ...
by chevca
Wed Apr 18, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1572

Re: How do you know what price to negotiate when buying a used car?

Are you trading in a vehicle? There may be some wiggle room there. Maybe more than on the purchase vehicle for a CPO purchase.
by chevca
Wed Apr 18, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1572

Re: How do you know what price to negotiate when buying a used car?

Calling all car shopper experts :moneybag ! I'm in the market for a certified 2015 Camry and need to gauge the right price to base my negotiations with the dealer. I used the Kelly Blue Book estimate but it only gives me a range and for the car that I want, the dealer's price is within the KBB rang...
by chevca
Wed Apr 18, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2308

Re: Expensive house... does this make sense?

What do you think-- is this a reasonable plan and is it a better idea than buying a more modest house in a worse neighborhood? Nope, not reasonable nor better than your original plan. I think you can do the $500-600k range with that large down payment. But, the $800k is out of reach. You say you're...
by chevca
Tue Apr 17, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 65
Views: 4991

Re: The World in 2050 — GDP & Stock Market Capitalization

...100yrs ago, the largest US companies (e.g. Ford, etc..) employed ~100,000 workers. Today, the largest US companies (e.g. Facebook) employ ~10,000 workers. When sorted by number of employees, the largest US employers are Walmart with 2,300,000 and Amazon with 541,900. https://en.wikipedia.org/wik...
by chevca
Tue Apr 17, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 65
Views: 4991

Re: The World in 2050 — GDP & Stock Market Capitalization

I would be 98 and dont want to be alive. Seriously, we cannot predict how immigration flows will go, how various things will happen, and whether moon occupancy will be an option. I will choose the moon or Mars if I have a choice. Talk about emerging markets, right? Is there a moon and Mars index ou...
by chevca
Mon Apr 16, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2690

Re: Post-Divorce Investment Strategy

It's okay. There is lots to learn and know about investing and taxes. First thing first... you keep saying capital gain from the house sale. Do you have a $250k capital gain you owe taxes on, or were the home sale proceeds/gains within the capital gains tax exclusions? Then, is the $2000/month for ...
by chevca
Mon Apr 16, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2690

Re: Post-Divorce Investment Strategy

And, one day's IRA movements is hardly a safe bet to think you can make monthly payments from investments. How did your IRA move each day for the past month or so? I bet it wasn't only up.... or, if it was, we should be asking you for advice. :happy
by chevca
Mon Apr 16, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2690

Re: Post-Divorce Investment Strategy

It's okay. There is lots to learn and know about investing and taxes. First thing first... you keep saying capital gain from the house sale. Do you have a $250k capital gain you owe taxes on, or were the home sale proceeds/gains within the capital gains tax exclusions? Then, is the $2000/month for a...
by chevca
Mon Apr 16, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2690

Re: Post-Divorce Investment Strategy

Y'all, Dave Ramsey says investing in stocks/index funds will get one 12% average over the long term. That's my bet where OP got that from.
by chevca
Mon Apr 16, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2690

Re: Post-Divorce Investment Strategy

That calculation is oversimplified, partially because it assumes that a $250k investment will provide $24k a year indefinitely, which is not likely. It might help to look at rent vs. buy as a separate decision from how to pay the $24k a year. The $24k in annual expense, the need for a place to live...
by chevca
Mon Apr 16, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Owning 3 vehicles
Replies: 27
Views: 2066

Re: Owning 3 vehicles

Can you afford it easily? Do you have a place for the third car?

If yes to both, buy it.
by chevca
Mon Apr 16, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: Investing proceeds of home sale
Replies: 15
Views: 1188

Re: Investing proceeds of home sale

If you plan to pay the mortgage off early anyway, what does it look like to throw the whole $85k at the recast? You're already maxing out retirement accounts and saving an additional $750/month in taxable. Throwing the whole windfall at the recast would lower the payment quite a bit. What would the ...
by chevca
Mon Apr 16, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: What are the decisions that go into buying a home?
Replies: 3
Views: 396

Re: What are the decisions that go into buying a home?

So...what are the general factors to take into consideration when deciding whether or not to buy a home? Do you want to be a homeowner? It's really that simple. :happy On a board like BH's, of course most are into what way the numbers work best and how to optimize $$. But, it really is more of a li...
by chevca
Mon Apr 16, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 804

Re: Mortgage rate % when tax deferred should take back seat

Thanks for partial quoting both of us, FiveK, and then coming up with your own scenario to make your point. Better off paying back the loan shark either way there so as not to get your knee caps broken. :oops: :wink:
by chevca
Mon Apr 16, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 804

Re: Mortgage rate % when tax deferred should take back seat

Also -- doesn't the investment being tax advantaged play a role too? As in, wouldn't simply comparing rate of return between mortgage and investment only really apply to taxable? If I could save 22% tax now by going 401k instead of mortgage, even if expecting same rate of return, being able to pay ...
by chevca
Mon Apr 16, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 65
Views: 4991

Re: The World in 2050 — GDP & Stock Market Capitalization

So you assume today's growth rates for emerging markets will persist (on average) for the next 30yrs? I think there are a lot of things that can derail a high growth rate as emerging economies "mature". No, most of the future GDP growth projections I've seen for emerging markets do not assume a lin...
by chevca
Mon Apr 16, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: back door IRA
Replies: 3
Views: 189

Re: back door IRA

A quick search of past posts came up with this... https://www.bogleheads.org/forum/viewtopic.php?f=10&t=223774&p=3456214#p3456214 You already have a Roth. So, it seems you are eligible to contribute to Roth IRAs and you need not worry about back door Roth contributions. Are you thinking there's a wa...
by chevca
Mon Apr 16, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: defensive home buying
Replies: 13
Views: 2312

Re: defensive home buying

If you're not trying to time the market, not trying to predict the future, and not going to lose a lot of sleep over what the future might bring,.... then just buy in the present. :happy If you can afford a house you can see yourself staying in for 10 plus years, go that route. If you're just lookin...
by chevca
Mon Apr 16, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 804

Re: Mortgage rate % when tax deferred should take back seat

Sure, I can see exceptions like that. I'm thinking simple someone has a 401k and Roth/Trad IRA options. I wouldn't skip those to pay down a mortgage. I know some folks have more options than that and I can see not wanting to fill all of those before paying down the mortgage. That seems reasonable. I...
by chevca
Mon Apr 16, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 804

Re: Mortgage rate % when tax deferred should take back seat

That's the thing though, 30 years is a long time. Just as many now say, mortgage rates can't stay low forever... if mortgage rates were to reach 10% again, they may not stay high forever either. The person that buys a home and takes out a 10% mortgage can refinance if rates go down over the next 30 ...
by chevca
Mon Apr 16, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 804

Re: Mortgage rate % when tax deferred should take back seat

but tax deferred is a different beast and I'd hate to lose the space but don't know how much interest is too much. I'd say you pretty much summed it up right there. I don't think you will find many Bogleheads that would say to ever skip tax advantaged space just to pay down the mortgage. I don't kn...
by chevca
Sat Apr 14, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy after divorce and alimony
Replies: 4
Views: 1507

Re: Bankruptcuy after divorce and alimony

My advice would be to have him see a lawyer about this. My guess would be, no, it wouldn't be modified. The courts tend to stick with what was originally figured out. Basically, so folks paying can't just go find a minimum wage job to stick it to the other person. I.E. if he was paying that much bef...
by chevca
Fri Apr 13, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2141

Re: Car Loan vs Home Mortgage

Technically, it should go to the higher interest mortgage. For me though, I'd stop the extra mortgage payments, take that and the new extra with the SL being gone, and throw all that at the car payment. Just my personal preference to get rid of the smaller balance first and free up the cash flow. Ei...
by chevca
Tue Apr 10, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5763

Re: Owners Title Insurance - Super Heavy Handed Pitch

topofthebellcurve wrote:
Tue Apr 10, 2018 12:03 pm
I'm putting 40% down, and yes I could afford the $12K cost to resolve a title dispute if needed.
Then $2300 is likely pocket change to you, yes?

Is this really about wanting to "save" $2300 or a matter of principle to you? Seems silly to avoid this just to be right. But hey, your choice.
by chevca
Tue Apr 10, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5763

Re: Owners Title Insurance - Super Heavy Handed Pitch

Get the title insurance and don't think about it again. Will it ever be needed? Probably not? If it ever were though, would it be worth it to have skipped it just to save $2300 on a $1MM house purchase? I would say, no. No one likes paying for these sorts of things. But, it's chump change in the big...
by chevca
Tue Apr 10, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Looking for good way to invest with 0 to few years time horizon
Replies: 7
Views: 470

Re: Looking for good way to invest with 0 to few years time horizon

For that time frame and with that purpose for the money, I think save is a better word to use than invest. So, online savings account and call it good is my vote.
by chevca
Wed Apr 04, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Home Purchase Advice
Replies: 11
Views: 1309

Re: Home Purchase Advice

You guys can EASILY afford that range. Probably a good bit more even, if you wanted to. Put 20% or more down, take out a 15 year mortgage, pay it off by retirement age, and be happy. :happy

You have a very nice situation there with your salary and the COL where you live. Congrats!
by chevca
Wed Apr 04, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Home Purchase Advice
Replies: 11
Views: 1309

Re: Home Purchase Advice

This is a very open question without knowing your expenses or what is comfortable to you. We don't know what area either. You might be able to get a real nice house for $500k, or a starter house for over a million depending on where we are talking. It might be easier to say, the homes we like in the...
by chevca
Tue Apr 03, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Builder wants $800 to vent a gas cooktop
Replies: 53
Views: 3999

Re: Builder wants $800 to vent a gas cooktop

There will be a microwave above the cook top and we have two choices 1) Vent to the outside and pay $800 to do so 2) Recirculate the air after passing it through a filter This is not a custom home, there are only these two choices and the price cannot be negotiated. What say you Bogleheads, is it w...
by chevca
Tue Apr 03, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a house of 600-700k?
Replies: 56
Views: 4075

Re: Can we afford a house of 600-700k?

Would the new home be new construction/new build? That tends to be a little easier for buy/sell contingency timing, in my experience. They're quicker to go into contract and as long as all contingencies are met, all is good. Private sales, especially in recent times, don't give a lot of contingency ...
by chevca
Tue Apr 03, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their AA/IPS/investing strategy recently?
Replies: 25
Views: 1861

Re: Has anyone changed their AA/IPS/investing strategy recently?

Nope. Why would I?

We're going to lose money sometimes when invested.
by chevca
Tue Apr 03, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a house of 600-700k?
Replies: 56
Views: 4075

Re: Can we afford a house of 600-700k?

Tough to say if it would be better to definitely wait. The housing market could go up or down. Mortgage rates could keep going up, hold steady, or go back down. I tend to think, buy when you're ready. I wouldn't drop to $500k and plan to fix up just to save some money. You likely wouldn't by the tim...
by chevca
Tue Apr 03, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?
Replies: 93
Views: 4470

Re: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?

Okay, a high NW, high earning couple with millions invested or waiting to be invested, probably millions more to come, and likely to not ever even need the invested money.....

The question my simple mind has about that would be, why would you even need to beat the market in that situation? :confused
by chevca
Tue Apr 03, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a house of 600-700k?
Replies: 56
Views: 4075

Re: Can we afford a house of 600-700k?

If you can pay two thirds of a million dollars for a house you should be able to figure out a way to pay cash for your cars. I totally understand. When we bought our last car, we would have had enough cash to pay for it, but in my head, a 1.9% loan was better because I could invest the cash and mak...
by chevca
Tue Apr 03, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2353

Re: Saving For Retirement as a Millennial

You're doing great!

Wish I had been in that good a spot when I was 27. I didn't even think of saving for retirement until I was almost 40. Keep doing what you're doing and you'll be fine.
by chevca
Tue Apr 03, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Expensive gift that I don't want
Replies: 7
Views: 1053

Re: Expensive gift that I don't want

Yeah, hubby seems kind of selfish or clueless if he isn't getting the direct hints of, no jewelry. Is he the "material things" one in the relationship? Maybe it makes him feel good that you would have this expensive jewelry?

If he insists on buying it though, I guess just accept and rarely wear it.