Search found 46 matches

by TechieTechie
Tue Feb 02, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Sell house before or after major repair??
Replies: 23
Views: 2359

Re: Sell house before or after major repair??

Agree with JHarkin here...old houses often have some foundation PITAs. And many folks who love old houses will blink, but not balk at this (but then JHarkin and I are weirdos, we are part of old house forums!) But if you are in Central Jersey and college town, I gotta think it's Princeton. If so, it...
by TechieTechie
Tue Feb 02, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Geico or Progressive auto insurance?
Replies: 30
Views: 2393

Re: Geico or Progressive auto insurance?

But doesn't an independent agent take a cut? I think that's one reason why State Farm tends to be expensive... you're paying for the "privilege" of going through a local insurance agent (although with State Farm, not independent). Yes, but actually, they get a commission from the sale (or...
by TechieTechie
Tue Feb 02, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Probate: TOD or Trust for home
Replies: 28
Views: 1460

Re: Avoiding Probate: TOD or Trust for home

I strongly recommend you consult an elder care attorney or a civil att'y who handles a lot of Probate in CO. Laws vary by state. In OH, all assets must be in the trusts' name prior to death, otherwise, the entire estate gets thrown into Probate. Trust me, I know from personal experience...my great a...
by TechieTechie
Tue Jan 26, 2021 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

$250K in salary and looking at a low $300K house?? I know this isn't your direct question but at basically a 1:1 on salary to house you are extremely comfortable. My bigger question is where is all the other money you have made over the years? You dont just "arrive" at a $250K salary so y...
by TechieTechie
Mon Jan 25, 2021 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

No your fear isn't irrational in the sense that housing prices have gone down in the past, so it is rational to think that you may end up selling for a loss. That said, so what? I would do a thought experiment to consider what is the worst that could reasonably happen. Let's say that the day after ...
by TechieTechie
Mon Jan 25, 2021 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

@checkyourmath @campy2010 @59Gibson @Miguelito Agree with your general sentiments. Relatively low cost home (nationally) and it's not stretching me financially. So just jump already ;) I'm pretty much there. Just went over to remind myself of the yard. It's veddy nice. Some room to stretch out witho...
by TechieTechie
Mon Jan 25, 2021 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

Old Guy wrote: Mon Jan 25, 2021 12:54 pm Have you considered how much money you’ll be saving on your taxes with the mortgage deduction?
I hadn't. VERY good reminder. Forgot about the property tax deduction...which is good, because I'll use the full $10k!
by TechieTechie
Mon Jan 25, 2021 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

Your retirement savings appear low relative to your salary. Maybe consider a lower priced home in order to beef up savings? This is likely not the feedback that you are seeking... Thanks, but I feel very confident where I am from a retirement perspective. It's just me, no kids, and no plans to pass...
by TechieTechie
Mon Jan 25, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

megabad wrote: Mon Jan 25, 2021 12:30 pm How long have you lived in Cleveland? Given your fear I might take it slow and rent for a while even though you may miss out on this house.
I've lived in CLE 7 months, but I grew up not far from here and have family in the area...so I know it well.
by TechieTechie
Mon Jan 25, 2021 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Re: Emotional risk of losing $$ on a house purchase

Lots of responses, thank you. I'll try to answer the ones with specific questions. Usually the biggest danger with house values is if you buy high and then due to a job loss/relocation are forced to sell it at the low price (assuming renting it out is impossible). I would say at your age, a nice eme...
by TechieTechie
Mon Jan 25, 2021 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Emotional risk of losing $$ on a house purchase
Replies: 37
Views: 3157

Emotional risk of losing $$ on a house purchase

So, I've been a BH'er for a awhile, and read up on almost everything. Here are the stats: 1. Single, early 50s. No kids 2. Salary $250k 3. $800k in retirement savings, another $300k in savings. Prefer to downshift within in the next 5 years 4. Recently moved from Boston to a MCOL area (Shaker Height...
by TechieTechie
Mon Jan 18, 2021 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: New Home Purchase: Mortgage Rate Thread
Replies: 0
Views: 321

New Home Purchase: Mortgage Rate Thread

Since there is a monster thread for refinances, thought I'd start one for new home purchase mortgages. I executed a contract today for new primary residence. $330k purchase price, house in OH. Can easily put down as much as $200k. 750+ credit. Prefer a 10 year mortgage as I want to retire/downshift ...
by TechieTechie
Sat Oct 24, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 134
Views: 15059

Re: Can my wife and I afford a $600K + house?

Totally, sounds like you are pretty intent on buying a house. Even if you could hold off 18 months, if you are dedicated, you could pay off the car loans. That's almost $1k a month in savings/spend flexibly. A little one doesn't need space until they are up and running. Plus, it would allow some fle...
by TechieTechie
Fri Oct 23, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: waited too long to buy a house - but starting to feel priced out..
Replies: 33
Views: 5442

Re: waited too long to buy a house - but starting to feel priced out..

There are wise words, noted above, about trying to buy at the height of the market. And, in a HCOL (I know Seattle, my sister has lived there 20+ years and I spent a year out there too). If you are dead set on staying in the metro area and buying now, you want to find houses without competition. Tha...
by TechieTechie
Sat Oct 17, 2020 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Is programming still a valuable skill to learn?
Replies: 250
Views: 20666

Re: Is programming still a valuable skill to learn?

I've lead Product teams (and Scrum teams) and find that the best software developers are the ones who are the most adaptable, though not necessarily the best individual "coder", for lack of a better word. And among these the absolute top tier programmers are the ones that have a great sen...
by TechieTechie
Fri Oct 16, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: 15 or 10 year mortgage...or cash
Replies: 17
Views: 1187

Re: 15 or 10 year mortgage...or cash

Good discussion, thanks. I will certainly not be paying the mortgage off in 2 to 5 years. If I take out a 15 year, I want to repay it in 10, and if I take a 10, I will probably pay it off in 7 (I don't want a mortgage in retirement, that's for darn sure). Good input on lower rates on larger mortgage...
by TechieTechie
Fri Oct 16, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Any suburban SFH investors selling out? [Single Family Home]
Replies: 35
Views: 4236

Re: Any suburban SFH investors selling out?

I did. It was one of the guiding factors in the timing of my cross country move. Solid stupid high, have banked the $$$, waiting for the downtown to buy my SFH and potentially reinvest the remainder of the profit in other SFHs. What are you renting now? Is it just you, or do you have a family? Just...
by TechieTechie
Fri Oct 16, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 563913

Re: Share your net worth progression

Just me and da dog. Spent the first 15 years of my earning years doing what I wanted. Peace Corps, working at nonprofits, traveling the globe in the travel industry, started my own travel company....Which barely paid the rent, much less any space for saving. Went corporate (IT consulting) 16 years a...
by TechieTechie
Fri Oct 16, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 15 or 10 year mortgage...or cash
Replies: 17
Views: 1187

Re: 15 or 10 year mortgage...or cash

Just throwing this out there: what kind of maintenance expenses do you forsee for your new home in the next couple of years? New roof? Some improvement you want to do (a better fence for the doggo, a deck, a shed)? Can you cash flow 5K or 10K over the course of the month for something like this? Wh...
by TechieTechie
Fri Oct 16, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: 15 or 10 year mortgage...or cash
Replies: 17
Views: 1187

Re: 15 or 10 year mortgage...or cash

Sorry, price of the house under consideration is 1.2x my annual salary. Not %

:)
by TechieTechie
Fri Oct 16, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: 15 or 10 year mortgage...or cash
Replies: 17
Views: 1187

15 or 10 year mortgage...or cash

I recently moved to a lower COL area and am looking for a house. -Early 50s -Just me and the dog -Fully maxing out my tax free investments, including catchup contributions -Would love to retire in 5 years, 10 at the outside -Current job for 15+ years. Would like to think I have job security, but in ...
by TechieTechie
Sat Oct 03, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Any suburban SFH investors selling out? [Single Family Home]
Replies: 35
Views: 4236

Re: Any suburban SFH investors selling out?

I did. It was one of the guiding factors in the timing of my cross country move.

Solid stupid high, have banked the $$$, waiting for the downtown to buy my SFH and potentially reinvest the remainder of the profit in other SFHs.
by TechieTechie
Mon Sep 28, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 233
Views: 16888

Re: A simpler car.

Personally, you are not alone. The forced dealer maintenance of newer model year cars is outrageous and I'll go as long as I can to avoid it. I don't need a dealer to install a new battery/reset codes, or do an oil change, for heaven's sake...it's their version of PAAS. IMHO, I'd get a 2015 or earli...
by TechieTechie
Sun Sep 27, 2020 7:58 pm
Forum: US Chapters
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 222
Views: 76820

Re: NE Ohio (Cleveland Area) Master Thread

Hallo!

I am a recent boomerang-er (grew up in NCO, left for 30 years, recently moved back) and would like to join the club.

Particularly interested in excellent fee for service financial planners here :)

Thanks!

Techie
by TechieTechie
Sat Sep 26, 2020 6:25 am
Forum: Personal Consumer Issues
Topic: Possible Relocation to Columbus, OH Area
Replies: 49
Views: 3698

Re: Possible Relocation to Columbus, OH Area

I grew up in Central Ohio and this info is spot on. Columbus is often thought of as the largest suburb ever to grace the earth. It's bland and loaded with sprawl. Now, that's not necessarily bad and Cbus has definitely become more 'cosmopolitan' over the last few decades. But there is little 'histor...
by TechieTechie
Sat Sep 26, 2020 6:10 am
Forum: Personal Consumer Issues
Topic: Capital One Venture credit card: Is this a good deal?
Replies: 18
Views: 1588

Re: Capital One Venture credit card: Is this a good deal?

I'm part of Flyertalkers, a website devoted to frequent flyers. And there is a whole forum devoted to cards (and probably thousands of threads). They agree Chase Sapphire is one of the best. But you all should venture over there. Mind boggling how much folks will do to gather points.
by TechieTechie
Fri Sep 25, 2020 12:14 am
Forum: Personal Consumer Issues
Topic: Buying a house in a city with historically declining housing prices?
Replies: 17
Views: 1924

Re: Buying a house in a city with historically declining housing prices?

Since you already have a place you're renting which isnt that far off from what you're looking at from a P&I perspective, I'd only think about buying if being a home owner is a lifestyle choice you are interested in vs. investment return. The one thing with Cleveland is that the "nice"...
by TechieTechie
Fri Sep 25, 2020 12:05 am
Forum: Personal Consumer Issues
Topic: Buying a house in a city with historically declining housing prices?
Replies: 17
Views: 1924

Re: Buying a house in a city with historically declining housing prices?

celia wrote: Thu Sep 24, 2020 7:00 pm If you want to buy, I would think the most important thing is to find a stable, upscale neighborhood that has already been stable for 10 years. That would be more important to me than the specific house. Sort of like buying the cheapest house in the best neighborhood.
Excellent strategy. Thanks
by TechieTechie
Thu Sep 24, 2020 11:39 pm
Forum: Personal Consumer Issues
Topic: Buying a house in a city with historically declining housing prices?
Replies: 17
Views: 1924

Re: Buying a house in a city with historically declining housing prices?

Thanks all...but we sorta veered off topic... Which are 1. Strategies to buy in a market that has not historically had the kind of growth I'm used to on the coasts 2. Analysis considerations for Buy v Rent (given the historically high tax rates in NEO) I'm not looking for an 'investment' per se, I j...
by TechieTechie
Thu Sep 24, 2020 4:49 pm
Forum: Personal Consumer Issues
Topic: Buying a house in a city with historically declining housing prices?
Replies: 17
Views: 1924

Buying a house in a city with historically declining housing prices?

Hi Bogleheaders, I moved from the Boston area to greater CLE in the summer...mostly to be closer to family. Renting a very nice house for the time being and dipping my toe into looking at houses. Need some advice on buying in a type of COL area I'm not used to. Background: the CLE area market has hi...
by TechieTechie
Wed Jul 01, 2020 4:51 am
Forum: Personal Investments
Topic: "Parking" funds for eventual new house purchase
Replies: 4
Views: 655

Re: "Parking" funds for eventual new house purchase

Thanks Annu. I play the 'run everything thru my CC' game as I'm a frequent flyer. I like to amass points rather than cashback...funds my wanderlust.

But, it is an interesting thought...2.5% is not an insignificant amount for my annual purchase totals. Hmm. I do have plenty of points. Hmm.
by TechieTechie
Tue Jun 30, 2020 8:00 pm
Forum: Personal Investments
Topic: "Parking" funds for eventual new house purchase
Replies: 4
Views: 655

Re: "Parking" funds for eventual new house purchase

Anon, thank you. I didn't realize the penalty phase was so short on some CDs. That's great. I have plenty in my emergency fund, plenty in my monthly checking 'slush fund', just wondered where I should park the $$$. Any reason to look at staggered CDs with higher yields? I am afraid that I'll get cau...
by TechieTechie
Tue Jun 30, 2020 7:38 pm
Forum: Personal Investments
Topic: "Parking" funds for eventual new house purchase
Replies: 4
Views: 655

"Parking" funds for eventual new house purchase

Well, thanks to the forum, finally have the solution implemented to rebalance my 401k issue (WAAY too heavy in stocks). Now onto 'problem' #2: In 2 weeks, I will be selling my current residence and moving cross country. I expect to pocket a tidy profit from the home sale (250k+). Want to put 1/2 of ...
by TechieTechie
Tue Apr 28, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Recession 101: Low COL/No mortgage v. Job Security
Replies: 7
Views: 713

Re: Recession 101: Low COL/No mortgage v. Job Security

No spouse, just a dog, a boat, cars and a lot of household crap ;)
by TechieTechie
Tue Apr 28, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Recession 101: Low COL/No mortgage v. Job Security
Replies: 7
Views: 713

Re: Recession 101: Low COL/No mortgage v. Job Security

1 Wait 5 years until full retirement 2 Job search now while employed. Move when new job is secured. 3 Quit existing job, move into new home, sell old home, look for work, be prepared for possible long term unemployment and possible early retirement with reduced benefits. May need to continue workin...
by TechieTechie
Tue Apr 28, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Recession 101: Low COL/No mortgage v. Job Security
Replies: 7
Views: 713

Recession 101: Low COL/No mortgage v. Job Security

Hi all, Well, need your help and points of view. I was heavily leaning toward (read:looking at homes to buy), before the meltdown, moving from my current high COL/job rich state (MA) to my home (OH). I've been at my current employer 15+ years and work in internal IT Leadership for a global professio...
by TechieTechie
Tue Mar 17, 2020 5:48 pm
Forum: Personal Investments
Topic: Not savvy, lost a bunch, and scared
Replies: 31
Views: 2604

Re: Not savvy, lost a bunch, and scared

I think I wouldn't shuffle my current portfolio, but a question where to invest future funds. And thank you Northern, good ideas to mull over.
by TechieTechie
Tue Mar 17, 2020 4:48 pm
Forum: Personal Investments
Topic: Not savvy, lost a bunch, and scared
Replies: 31
Views: 2604

Re: Not savvy, lost a bunch, and scared

@Rich126, I did that, using the calculators on the site. And I was on a 6 year plan to retire. Now, um, it might be a bit longer :) I posted allocations approx 5 minutes ago, I think this is what everyone was asking for (didn't know if that was too much info) @Northern Flicker, unfortunately, I thin...
by TechieTechie
Tue Mar 17, 2020 4:21 pm
Forum: Personal Investments
Topic: Not savvy, lost a bunch, and scared
Replies: 31
Views: 2604

Re: Not savvy, lost a bunch, and scared

I don't know if this is too much info, but here goes. Please don't beat me up (I thought my company was auto-balancing my portfolio based upon age and risk, but I guess not). And, if I need to get to a professional to help, I will. I have: 401k Northern Trust S&P 500 (60%) Northern Trust EAFE (4...
by TechieTechie
Tue Mar 17, 2020 3:47 pm
Forum: Personal Investments
Topic: Not savvy, lost a bunch, and scared
Replies: 31
Views: 2604

Not savvy, lost a bunch, and scared

Hi, I am a single professional in my early 50s. Started professional career and saving/investing late (15ish years ago). Am not investing savvy (though I lead huge global projects, so I'm not dumb, just in this area!). I didn't want to look at my 401k, but curiosity got the better of me today. I'm d...
by TechieTechie
Thu Feb 28, 2019 7:33 pm
Forum: Personal Investments
Topic: Needing Help with the Flexible Retirement Planner
Replies: 1
Views: 376

Needing Help with the Flexible Retirement Planner

Hi All, I am trying to use the Flexible Retirement Planner to run a few scenarios thru. I am pretty basic person. Single, homeowner with mortgage, 401k + Benefit plan at work. Want to blow it all before I go ;) Maybe I am just dumb (and I've read up on the FRP forum), but at least the way I am enter...
by TechieTechie
Tue Mar 06, 2018 10:43 pm
Forum: Personal Investments
Topic: Being more strategic on my pre-retirement investments
Replies: 9
Views: 1259

Re: Being more strategic on my pre-retirement investments

Bloom, Trust me, in greater Boston, I am living in a small house (it's only 900 sq feet). My house costs less than most condos around here. RE costs are just insane. But I do appreciate the recommendations on the MM and CDs. I will look into those right away. I am using Flexible Retirement Planner, ...
by TechieTechie
Tue Mar 06, 2018 9:38 pm
Forum: Personal Investments
Topic: Being more strategic on my pre-retirement investments
Replies: 9
Views: 1259

Re: Being more strategic on my pre-retirement investments

Thanks Bloom, So, on my W2, it looks like approx $6k last year shows up as employer sponsored health care (DD). Am I hearing you say that I need to factor that into the magic $61k threshold/calculation? I will certainly look in on the Back Door option. I have NO idea :oops: It's funny you mention th...
by TechieTechie
Tue Mar 06, 2018 8:38 pm
Forum: Personal Investments
Topic: Being more strategic on my pre-retirement investments
Replies: 9
Views: 1259

Re: Being more strategic on my pre-retirement investments

Thanks Bloom. I am not doing the typical 4% draw down approach. I am unmarried and have no heirs (and will not have heirs) and I do not plan on leaving a gazillion dollars to my extended family. I am assuming I will take a more significant draw down to meet my retirement spending budget, and I am mo...
by TechieTechie
Tue Mar 06, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Luggage/travel recommendations?
Replies: 54
Views: 5333

Re: Luggage/travel recommendations?

Briggs & Riley makes excellent luggage. I use it on United all the time, both for domestic and international. I use a small Briggs & Riley backpack as my personal item. It attaches easily to both sizes of the wheeled luggage. This!! B&R is the preferred luggage for very serious traveler...
by TechieTechie
Tue Mar 06, 2018 8:08 pm
Forum: Personal Investments
Topic: Being more strategic on my pre-retirement investments
Replies: 9
Views: 1259

Being more strategic on my pre-retirement investments

Hi, First time poster, long time admirer. I am still learning the ropes, so please be kind. :) Background/The Stats -Turning (gulp!) 50 this year -Single, 230k annual income -Homeowner in high COLA region (New England). Approx $320k mortgage left, with some significant old house deferred maintenance...