Search found 1737 matches

by chevca
Sat Aug 18, 2018 6:33 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 41
Views: 3570

Re: Reckless driving ticket in VA-Help!

I have to say I find it funny so many of these posts and stories mention well known speed traps, going to the office, and even avoiding the area. If these speed traps are so well known, why are you, or relatives getting tickets there and why avoid the area?? :confused :wink:
by chevca
Sat Aug 18, 2018 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2293

Re: Non-owner contributing to home renovations: what's fair?

It's less about the $10k than it is about caring enough about her to try to find a way to say yes to this that protects her interests and mine. Because protecting her interests and protecting my interests is protecting our interests. If I didn't care, I'd just let her spend the money and worry abou...
by chevca
Fri Aug 17, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 41
Views: 3570

Re: Reckless driving ticket in VA-Help!

Today morning while going to office I got a speeding ticket (46) on speed limit of 25. Speed limit suddenly changes at that place and I was in previous speed flow. "Suddenly changes", huh? No speed change ahead signs to warn of the new speed limit or anything? I don't know how roads and signs work ...
by chevca
Fri Aug 17, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2293

Re: Non-owner contributing to home renovations: what's fair?

It’s hard to answer without more info on what kind of renovation we are talking about. If you are DIYing, perhaps your partner could pay for (and keep) tools that are needed. Or when the renovation is finished he/she could buy furniture and decor and if there was a breakup your partner would own th...
by chevca
Thu Aug 16, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1562

Re: Inheritance question - beneficiary is a spend thrift

Poor kid. I'd hate to hear what I may have been called at 25. He may end up just fine and not be a spend thrift.
by chevca
Thu Aug 16, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2293

Re: Non-owner contributing to home renovations: what's fair?

My partner and I separately own our own homes and split time between them. We are in a fulfilling and committed relationship, and have no plans to get married. We do not commingle our finances and have no plans to. We are both perfectly happy with this arrangement. Yeah, I think you answered your o...
by chevca
Thu Aug 16, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

I think they were talking about this for the tax value. Probably more assessed than appraised though.
PSM wrote:
Thu Aug 16, 2018 11:02 am

We felt the house would appraise in the $280000+ range based on the tax value.
by chevca
Thu Aug 16, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

Oops, my apologies then. I saw investment property and just thought rental or income property.
by chevca
Thu Aug 16, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying car - help with closing the deal
Replies: 8
Views: 949

Re: Buying car - help with closing the deal

There's probably not a whole lot of haggling or closing of the deal to be done on these cars. Pick the one you like better and buy it. Keep it simple.

I owned a former rental car once and barely had an issue with it while putting over 100k miles in it. I wouldn't worry about it's time as a rental.
by chevca
Thu Aug 16, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

Gill wrote:
Thu Aug 16, 2018 6:53 pm
chevca wrote:
Thu Aug 16, 2018 6:51 pm
So, we're just agreeing by arguing about it? :happy
No, you were saying there is no loss. There is a loss which is the difference between the selling price and the net proceeds.
Gill
Okay then... I meant the $68k loss, and I'm sure you knew that.
by chevca
Thu Aug 16, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

So, we're just agreeing by arguing about it? :happy
by chevca
Thu Aug 16, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

I don't think you have a loss either. You don't just get to claim the house would have been used as an investment property. Was it... ever... even for a day? It sounds like the answer there is, no. Without a basis set up, depreciation schedule set up, advertised it for rent, and let alone ever rent...
by chevca
Thu Aug 16, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rental home and paying off debt by refinancing primary home cash out
Replies: 9
Views: 661

Re: Rental home and paying off debt by refinancing primary home cash out

It would all be considered income from the rents received. Sounds like you wouldn't have as many deductions without the mortgage interest, but there are still plenty of other deductions to make use of.

Have you fully studied up on being a landlord before jumping into this?
by chevca
Thu Aug 16, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited House Sale as Capital Loss
Replies: 27
Views: 1091

Re: Inherited House Sale as Capital Loss

I don't think you have a loss either. You don't just get to claim the house would have been used as an investment property. Was it... ever... even for a day? It sounds like the answer there is, no. Without a basis set up, depreciation schedule set up, advertised it for rent, and let alone ever renti...
by chevca
Fri Aug 10, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4557

Re: Should I pay 6000.00 to repair wife's car....

What are the issues... why so secretive? If it's a safety concern, probably not worth fixing. Otherwise, $6k is certainly less than any new car out there. If it's her baby and she loves it, and with low miles like that, get the issues fixed and move on with life.
by chevca
Fri Aug 10, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

At some point, do you have so much professional help just to keep a relationship going, is it even worth it any more? I should emphasize that I do love her when we are alone together and we aren't butting heads over combining finances or dealing with the kids. As for the children's arrangement, the...
by chevca
Fri Aug 10, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage....risk?
Replies: 14
Views: 1076

Re: Paying off mortgage....risk?

Anyway my point is, in such a worse case scenario, if I still have a mortgage AND the insurance refuse to cover, I can play hard ball between the bank and the insurer, and walk away from mortgage (let's assume I don't care about credit being wrecked). BUT, if house is fully paid off AND insurer ref...
by chevca
Thu Aug 09, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Quit Claim on inherited house?
Replies: 16
Views: 1562

Re: Quit Claim on inherited house?

Maybe this is different from state to state? But, I have been a part of the quit claim process twice in two different states and it was nothing more than one person signing a paper and sending it in. One was after a divorce and the ex quit claimed the house to me. She signed the paper, sent it in, a...
by chevca
Wed Aug 08, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4289

Re: If it were March, 2000, would you still allocate 50% to Stocks?

Valuation levels are SIGNIFICANTLY higher today than they were in 1996. Despite this fact, you would have been sitting on a loss 13 years later in 2009 (inflation adjusted, dividends reinvested) Alternatively if you had purchased a bond in 1996, you could have locked in a "guaranteed" CAGR of 6% an...
by chevca
Wed Aug 08, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rent home with high equity or sell
Replies: 11
Views: 1210

Re: Rent home with high equity or sell

I was going to mention the capital gains exclusion rule also. That is tough to pass up. Also, I'm sure it's done... but, owning a SFH rental in a high cost of living area doesn't seem like the best way to landlording. Especially if rates aren't competitive with the housing market. My thinking is tha...
by chevca
Wed Aug 08, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4289

Re: If it were March, 2000, would you still allocate 50% to Stocks?

OP, your example seems to be about someone having all the money they will ever have to invest at one time and deciding when to invest it all. Does that seem realistic to you? Most folks invest over many, many years. How does your scenario work out if someone invests throughout the time period you'r...
by chevca
Wed Aug 08, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4289

Re: If it were March, 2000, would you still allocate 50% to Stocks?

OP, your example seems to be about someone having all the money they will ever have to invest at one time and deciding when to invest it all. Does that seem realistic to you? Most folks invest over many, many years. How does your scenario work out if someone invests throughout the time period you're...
by chevca
Wed Aug 08, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed on final house negotiations
Replies: 35
Views: 2033

Re: Advice needed on final house negotiations

Do you want to 'win', or do you want the house? I agree with someone earlier, get the emotions out of the negotiation part of it. But, look at the emotions of wanting this house... keeping logic in mind though. As you said, OP, it's down to minor issues mostly and you're dealing with unreasonable pe...
by chevca
Wed Aug 08, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Too much cash, need help in how to proper allocate it
Replies: 5
Views: 550

Re: Too much cash, need help in how to proper allocate it

Sounds like you have a good savings rate already. If the plan is to pay down the mortgage aggressively, I would just throw it all at the mortgage. Others will say invest it instead. Or, a 50/50 mortgage/invest approach is also plenty reasonable. What do you want to do?
by chevca
Wed Aug 08, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 20
Views: 1764

Re: Mortgage question

Would it be acceptable to put $260/month extra towards a 30-year mortgage? That’s my plan to accelerate it some. Roth and 401k maxed. Trying to see where BHers draw the line in an extra payment towards mortgage. 1000 per month seems high but I’ve done that before on another home. Just curious Yes, ...
by chevca
Wed Aug 08, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 20
Views: 1764

Re: Mortgage question

It depends on what you mean by "better." By how you likely mean it (which pays down the mortgage faster?) then paying the $1000/mo is better. The reason is that every payment you make lowers the principal some and therefore reduces the interest on the next payment, thereby increasing the principal ...
by chevca
Wed Aug 08, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12817

Re: "Age in Bonds" fails almost everyone

The common advice is anything between 70% and 30% stocks is fine. The advice is correct. Thankfully, such irresponsibly vague advice is even less common than "age in bonds". Thankfully, saying that a range between 30% and 70% stocks is typical is not the same thing as telling people to pick a rando...
by chevca
Wed Aug 08, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12817

Re: "Age in Bonds" fails almost everyone

I guess we have different definitions of "fails". They're both, or all better off and wealthier by saving and investing rather than living paycheck to paycheck they're whole lives. Yeah, but those aren't the options we're discussing are they? Obviously you'll have more money if you save than if you...
by chevca
Wed Aug 08, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5098

Re: Old dog needs to learn to manage his investments

Your son sounds like a smart guy. Is he a Boglehead? :happy He might be able to share some ideas with you.

Here's a good read on a simple and straight forward approach... viewtopic.php?f=10&t=88005
by chevca
Tue Aug 07, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12817

Re: "Age in Bonds" fails almost everyone

I fail to see a 'failure' there. :happy Optimal is only known in hindsight. I'm curious to see the results of someone starting off, say, 1995 to present and compare the two. The failure is that people keep blindly repeating this "rule of thumb" as if it had some empirical or theoretical basis. Some...
by chevca
Tue Aug 07, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12817

Re: "Age in Bonds" fails almost everyone

I'm in agreement with the premise. But this post proved nothing. Why not backtest some target retirement funds vs age-in-bond portfolios? Fine, let's backtest it. I'm going to focus on the accumulation phase of an investor's horizon, for two reasons. First, it's arguably the period of time during w...
by chevca
Tue Aug 07, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: About a decade behind on investing - jumping start advice?
Replies: 15
Views: 1274

Re: About a decade behind on investing - jumping start advice?

At your income level, you will have to look into "backdoor Roth IRA" contributions. Also, with your income level, talking sums of money in the $3900 to $20k range, just dump it into whatever AA you decide on for you portfolio. That's not a lump sum vs. DCA decision, IMO. If we were talking $500k or ...
by chevca
Tue Aug 07, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12817

Re: "Age in Bonds" fails almost everyone

I think "age in bonds" is a helpful way for a novice investor to understand generally what a typical asset allocation might look like. I don't think that . It's wildly inaccurate for the very groups of investors (i.e. those with very long investment horizons and those with very short horizons) most...
by chevca
Thu Aug 02, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 2728

Re: Car price ratio to NW

Figure out what you really need in a car. Then figure out what it will cost. Then decide if spending that much makes any sense. Lather, rinse, repeat until you get to a decision. Anchoring on "my maximum number" will almost certainly end up with you spending more. Usually for no good reason. This ^...
by chevca
Thu Aug 02, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6034

Re: Co - signed a Mortage, Now wants out

I agree with most, probably no way for OP to get out of it now. Sis and BIL are going to have to refi if they want the mortgage to be theirs. When was a 30 year 2.75% mortgage ever a thing?? A 15 year maybe.... or 3.75% for a 30 year. That must be a typo... how's a mortgage that needs a co-signer ev...
by chevca
Tue Jul 31, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: USAA Renters Insurance
Replies: 10
Views: 806

Re: USAA Renters Insurance

I believe renters insurance usually has some type of liability coverage as well. That is not to be ignored, even if it's not much. The thing for the OP, as mentioned, is, how much would it hurt the pocket book to have to replace one of these items if damaged or stolen? Can you easily self insure tha...
by chevca
Tue Jul 31, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

Joe, you are clearly the one stretching there. The part you picked to quote about "distaste for inheritances" is only a few words from the post. How do you interpret the part about her not thinking kids should get inheritances because siblings don't handle it well, the OP feeling differently about t...
by chevca
Tue Jul 31, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 39
Views: 2649

Re: $8712/year for insurance (auto, home, rental) How to reduce?

sunny_socal wrote:
Tue Jul 31, 2018 1:26 pm
Total annual bill is now $8. Better than before, I suppose :|
I'd say $8/year is a heck of a deal! :happy
by chevca
Tue Jul 31, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

Otherwise, why is this marriage good for her? It probably doesn't feel good to her to know that you're trying to cut her out of some of the financial benefits of marriage, and in the back of her mind, she knows that if she married someone who is her same age (assuming she's younger than you) and ha...
by chevca
Tue Jul 31, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

Financially, I gain the following: * With her extra income, I afford to buy into a neighborhood with better schools if that is more important in the future. This also leaves potential for buying a second winter home in retirment * I could inherit her 401(k) if I outlive her, although that's not ver...
by chevca
Tue Jul 31, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

I would say that gender role is not accurate at all in our case - I'm 100% responsible for transporting the kids, cooking for them, etc. She has a minor supporting role with the kids - and will step in occasionally, but that is the exception rather than the norm. Ditto with the current house. I hav...
by chevca
Tue Jul 31, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 39
Views: 2649

Re: $8712/year for insurance (auto, home, rental) How to reduce?

Could an umbrella policy actually be used instead of individual auto/home policies? I tried to apply for one a couple years ago but I had an accident that prevented me from qualifying :( Instead of? Nope. Umbrella is used in addition to, or to cover above what your auto/home policies would cover. H...
by chevca
Tue Jul 31, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

scotthew wrote:
Tue Jul 31, 2018 10:33 am
Have spent a VERY long time coming up with mutual agreeable prenup for marriage
That might be a sign. If it's this much work now,.....

Maybe it's just me, but if it's that difficult to be mutually agreeable before even married, it's not likely to just get better all of a sudden.
by chevca
Tue Jul 31, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 39
Views: 2649

Re: $8712/year for insurance (auto, home, rental) How to reduce?

My idea would be... hurricanes. Being in TX now, you're probably paying for all the recent hurricane damage last year. Tends to be part of the deal... we all insure each other in a way. Do you have a much larger house now? The "fire insurance" you need to carry on the rental is almost always going t...
by chevca
Tue Jul 31, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5801

Re: Financial upside / downside of marriage vs cohabiting

If you would want to bail if your SO suffered a health crisis that threatened to wipe out half or more of your net worth.... Then don't marry, but also don't have kids together any time soon. Best of luck. You did see the part in the first line of the OP where they're having a kid at the end of thi...
by chevca
Tue Jul 31, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11807

Re: Joint Ownership of home with second wife

OP, I don't know why I didn't think of this before, but how long have you been a single father? Been there myself. Four years raising two girls, both under age 10, so I know how hard and lonely it can be. You get to the point where you're almost desperate to find a woman who will relieve the loneli...
by chevca
Tue Jul 31, 2018 7:02 am
Forum: Investing - Theory, News & General
Topic: Interesting Take on the 3 Fund Model
Replies: 66
Views: 2949

Re: The Guy with the Weird Portfolio

centennialstate wrote:
Mon Jul 30, 2018 9:12 pm
Don't ask me why I'm so complicated.
We won't... as long as you don't ask us to call you reasonable or like a Boglehead. :wink: :happy
by chevca
Tue Jul 31, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5801

Re: Financial upside / downside of marriage vs cohabiting

If you would want to bail if your SO suffered a health crisis that threatened to wipe out half or more of your net worth.... Then don't marry, but also don't have kids together any time soon. Best of luck. You did see the part in the first line of the OP where they're having a kid at the end of thi...
by chevca
Tue Jul 31, 2018 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5801

Re: Financial upside / downside of marriage vs cohabiting

What are the financial upsides of having a kid? http://www.alllaw.com/calculators/childsupport/massachusetts Put your numbers in there and see what your child support payment would be. Did you factor finances in so much about having a kid with a woman you're not married to? You realize she could jus...