Search found 2260 matches

by Meg77
Fri Jun 15, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 47
Views: 3366

Re: Where to invest $50K+ down payment money for five years?

5 year CDs are paying the same as 2 year CDs. No need to fix for the long term. YES you could get a 2 year CD at 2% if you look (Capital One 360 is offering this currently I think) but that is barely more than the Vanguard prime money market - which is totally liquid and also has the potential to go...
by Meg77
Fri Jun 15, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 61
Views: 3793

Re: Flaw in Logic? CD ladder instead of bond funds

I'm a banker. The market for CDs has crumbled over the last decade, though people are starting to think about them again. It hasn't been worth locking into a CD because even the longer term ones haven't been paying more than a money market fund. The thing about CDs to remember is that they aren't pr...
by Meg77
Fri Jun 15, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down interest only mortgage or invest?
Replies: 5
Views: 590

Re: Pay down interest only mortgage or invest?

Banker here. I wouldn't consider future rate concessions for having investments OR for having a larger mortgage part of your analysis. For one thing, mortgage rates and rules change all the time, and we're talking about five years out. The whole market will look different because refinance rates - w...
by Meg77
Fri Jun 15, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4630

Re: How do you celebrate (potty trained kid) milestone with your spouse?

Without going into detail, the task was sufficiently arduous that I’d like to mark the milestone in a meaningful way. How do you mark a milestone in your marriage that isn’t related to a birthday or anniversary? I’m looking for ideas here... This is a marriage milestone for you? I would just flush ...
by Meg77
Fri Jun 15, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4630

Re: How do you celebrate (potty trained kid) milestone with your spouse?

rob65 wrote:
Mon Jun 11, 2018 7:31 pm
I’d say either a spa day for your wife or a nice dinner out for the two of you.

As I get older, I realize more and more that life is short and you should find reasons to celebrate.
+1
by Meg77
Fri Jun 15, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: What to put in taxable brokerage account?
Replies: 12
Views: 952

Re: What to put in taxable brokerage account?

In general I put my international equity holdings in taxable to take advantage of the tax credit on foreign taxes paid. This minimizes turnover (since I use index funds - careful as some active funds have massive turnover) and therefore capital gains taxes, plus the asset class is volatile enough to...
by Meg77
Fri Jun 15, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8207

Re: Oh my! Cardone says we need $10m net worth

I don't disagree with the message in general. He's talking to people who are aiming to be wealthy/affluent/financially independent or whatever you want to call it, not to the average American. I can't dispute his argument that $1MM or even $5MM is not enough to buy freedom from economic worries - es...
by Meg77
Thu Jun 14, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Cash, getting to it
Replies: 8
Views: 909

Re: Cash, getting to it

I would keep 6 months of expenses in cash (maybe up to 12 months if you have one source of income and that source isn't stable, given you are very worried about safety and liquidity). Also keep in cash enough to cover any major expenses you plan to incur in the next three years: new car, large trip ...
by Meg77
Thu Jun 14, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 434
Views: 97157

Re: Anyone regret paying off mortgage early?

Our mortgage has been fixed at 2.75% for the last few years (15 year note). We debated paying extra on it monthly and have debated paying it off entirely more recently since we have nearly the liquidity to do so. At present, I'm glad we chose to keep that loan in place and invest more in taxable ins...
by Meg77
Wed Jun 13, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6894

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

I think there is always a leap to conclusions/generalizations when it comes to these topics, but as an older Millennial I do think there is some truth to this. Trends and values are changing, if not dramatically. 1. Fewer people are having kids, and those who are having kids are having fewer of them...
by Meg77
Wed Jun 13, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2934

Re: Imagine a 10 year, 0%, noncallable loan

In simple terms that averages out to 2% a year for the original loan balance; since the balance is declining annually the actual effective APR would be higher than 2%, but it's still fairly low - especially for unsecured debt. I approached a bit differently, but ended up in the same area for a cap....
by Meg77
Wed Jun 13, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2934

Re: Imagine a 10 year, 0%, noncallable loan

I'm a banker, and this thought exercise makes total sense to me. And for the record, the idea of a of 0% loan is not necessarily unreasonable from the lender's perspective. Car dealers extend them all the time - in order to induce you to spend more for a newer car than you perhaps otherwise would. T...
by Meg77
Tue Jun 12, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 135
Views: 13398

Re: Should I take possession of a certified mail?

I don't think refusing to accept the certified mail accomplishes anything. It may provoke him further to show up at your home to deliver the item (probably a bill for his time) in person. Receiving the bill or item doesn't make you any more or less liable; you are still free to discard it. Wondering...
by Meg77
Fri Jun 08, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Are we doing it right?
Replies: 15
Views: 2523

Re: Are we doing it right?

Thanks everyone. Guess I need to do my homework, because I don't honestly have those answers. I keep thinking retire at 58, but healthcare when not employed will be expensive. All this time we assumed that being as smart as we have with $, we could easily retire early. Maybe I was wrong. The real s...
by Meg77
Fri Jun 08, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6474

Re: Large inheritance -- looking for advice

- I will definitely do some research on Vanguard's Personal Advisor service -- that's quite a bit less than other active managers. It would still be a pretty big chunk of money, though (unless I have them set it up and then drop the service). Also will look at the target dated fund -- that's not so...
by Meg77
Fri Jun 08, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9907

Re: Why do we work?

I have a friend that works 6 days a week to be able to afford a 8,000 sqft home in an amazing neighborhood. The place is gorgeous. But is it worth the time she is losing away from family, friends, and hobbies? I continue to work for the same reason I spend hours a week on Bogleheads: because both a...
by Meg77
Wed May 30, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1606

Re: I need some math help-calculating interest savings

Hey there, banker here. The math on recasting and extra payments is hard - don't feel bad that it's hard to put a finger on! The best way I've found to play with these types of numbers is to download an amortization schedule template in excel - one with a column or spot for extra payments. That way ...
by Meg77
Wed May 30, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: My mind exploded
Replies: 79
Views: 4543

Re: My mind exploded

Thanks for the comments. I should be rational about this, but, its hard. Some of that money came from my brother that hasn't paid for his student loans or funded his kids 529's. Yes, her money, she should do what she wants. However there is an implied and frankly explicit social contract that says ...
by Meg77
Tue May 29, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyers- Mortgage Questions
Replies: 29
Views: 2396

Re: First Time Home Buyers- Mortgage Questions

Hi there, banker here. I do a lot of mortgages - although I do not originate conventional or FHA loans, so I'm not always up to date on the latest ins and outs with those requirements. Questions 1. Does it make sense to pay to lock in the rate now? No. The fee isn't worth the interest rate risk when...
by Meg77
Fri May 25, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1602

Re: Mortgage for new home

I'm a mortgage banker, and closing in 2 weeks is almost impossible for any lender these days. Legally you have to have 10 business days between application and closing anyway at a bare minimum per federal regulations. And then you have to be working with a lender who doesn't sell their loans (two re...
by Meg77
Wed May 09, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Asking Clients for Career Advice
Replies: 5
Views: 977

Re: Asking Clients for Career Advice

I understand your hesitation, but I think you could get at it from a slightly different angle. As you get to know the clients, ask them what initially appealed to them about their industry/company, what the keys are to becoming successful in their roles, what advice they'd give to someone starting o...
by Meg77
Wed May 09, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401k funds please help me chose.
Replies: 26
Views: 1703

Re: 401k funds please help me chose.

The three funds highlighted in green are all you need. I'd put 100% into the S&P 500 index - that's what I do personally in my 401k and so does my husband. It's simple and the cheapest option. We use IRAs and brokerage to invest in international and bonds. But really depending on your age and total ...
by Meg77
Mon Apr 30, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Process for] Turning over UTMA to Adult Daughter
Replies: 8
Views: 752

Re: Turning over UTMA to Adult Daughter

My dad handed one over to me when I was in my early 20s. He just handed me a check and we closed the account (I vaguely remember seeing a statement and may have had to sign off to close it.). It had been invested in mutual funds so I'm sure there were some gains, but I had other goals (boost 401k, f...
by Meg77
Fri Apr 27, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3316

Re: How stressful is buying a home?

It can be very stressful regardless of the financial stress, especially if you've never done it before. I'm a mortgage banker and I see this a lot. There are a lot of moving pieces, and it's an emotional purchase. Any number of the steps may cause stress: 1. Finding a home you like in your price ran...
by Meg77
Fri Apr 27, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a niece begin investing
Replies: 13
Views: 1062

Re: Helping a niece begin investing

I would make sure her parents are OK with it first. You don't want to step on their toes, even if your niece is technically an adult already. I think this is a fine idea, but it doesn't sound like she can afford to contribute to a Roth. I would argue that a $12K emergency fund is a very good idea fo...
by Meg77
Fri Apr 27, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7596

Re: Money vs. Work-life balance

A 20% increase in comp is "only" $46,000 a year - which is probably around $25k after all taxes. Would an extra $2k a month really change your life, given your current budget? The answer may depend on the stage you're at in wealth accumulation (or debt repayment), but my guess is the answer is "not ...
by Meg77
Wed Apr 25, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10544

Re: Wedding - financial burden on couple and attendees

Depending on the elaborateness of the event, destinations weddings can be much cheaper than a traditional wedding for the bride and groom. How so ? This is true. I've had several friends to destination weddings in Mexico because of this. If the resort is all inclusive then food and alcohol is inclu...
by Meg77
Wed Apr 25, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out of the Bay Area
Replies: 84
Views: 10616

Re: Cashing out of the Bay Area

I wouldn't bet on the future direction of any stock -- but you're effectively doing that by waiting for RSUs to vest . Would you be better off doing it now or in 2 years if the market drops 25%? How much would you lose if it goes up 25% instead? Not sure I get what you mean by the bolded text. Even...
by Meg77
Wed Apr 25, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 4745

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

I don't disagree with some of the author's assertions: that many people are blindly dumping money into the market each month, that we will likely see a major correction at some point in the future, that current valuations are higher than historical averages. Even that some stocks will outperform the...
by Meg77
Fri Apr 20, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9494

Re: NYT article: Everyone should hire a financial planner

I also have questions about the extensive individual muni bonds in my mother's portfolio which I now manage for her. Whether I should maintain or grow the muni bond ladder, let it slowly mature, or sell everything and move to a fund - I understand some of the basic pros and cons, but I am no bond e...
by Meg77
Fri Apr 20, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9494

Re: NYT article: Everyone should hire a financial planner

Most people don't need an investment manager, but I think most people could benefit from at least a couple of sessions with a financial planner. Maybe even an annual checkup. There are many worse ways to spend a few hundred or even few thousand dollars (depending on the amount of time you spend and ...
by Meg77
Fri Apr 20, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17132

Re: Can I retire at age 40?

I retired at 42. "Sit at home" does not describe my lifestyle at all. Out of curiosity, do you have children? I've noticed a lot (most?) of the very early retirees have children that largely occupy their time. Other than extensive travel, I'm wondering what childfree retirees do. I worry about this...
by Meg77
Thu Apr 19, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4100

Re: Why is the SEC yield the one that Vanguard displays?

I understand that, but my point is that when you are trying to figure out where to park your money - let's say you are looking at several different money market funds for example - comparing the SEC yield easily tells you your expected distribution net of the expense ratio. This still is not correc...
by Meg77
Thu Apr 19, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17132

Re: Can I retire at age 40?

For clarity... I don't have 120,000 of expenses after taxes. I have 120,000 BEFORE taxes. Out of that money I pay $25,000 for health insurance for my family of 6 and have been making a mortgage payment and 2 car payments of roughly $2500 a month. That is all paid off so realistically my other expen...
by Meg77
Thu Apr 19, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4100

Re: Why is the SEC yield the one that Vanguard displays?

Also, the SEC yield nets out the expense ratio which also makes it easier to compare between funds. Are you saying distribution yield does not net out expense ratio? That's my understanding. Per Investopedia: "The distribution yield of a security is calculated by dividing the distributions paid (ye...
by Meg77
Wed Apr 18, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4100

Re: Why is the SEC yield the one that Vanguard displays?

Also, the SEC yield nets out the expense ratio which also makes it easier to compare between funds. Are you saying distribution yield does not net out expense ratio? That's my understanding. Per Investopedia: "The distribution yield of a security is calculated by dividing the distributions paid (ye...
by Meg77
Tue Apr 17, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4100

Re: Why is the SEC yield the one that Vanguard displays?

Also, the SEC yield nets out the expense ratio which also makes it easier to compare between funds.
by Meg77
Mon Apr 16, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 917

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

When I got my first mortgage in 2006, my rate was 7.25% or so I think. I seem to recall at the time that the standard advice (or my idea anyway) was to contribute a set percentage to retirement accounts - 15% or so - and then put the rest toward debt repayment. I think as interest rates come back up...
by Meg77
Thu Apr 12, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 5601

Re: Alternative website for those in lower tax brackets?

You should google "FIRE blogs" and follow a few of them. The acronym stands for "Financial Independence / Retire Early" and is a essentially a sub-category or -genre of the investment community. There are lots of blogs and podcasts in that space, and because of a frugal/minimalist slant as well as a...
by Meg77
Wed Apr 11, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - On the fence, need sanity check
Replies: 53
Views: 9298

Re: Early Retirement - On the fence, need sanity check

The sequence of returns risk is very minimal for you given your high early pension. For the first 6 years of retirement, you'll only be withdrawing about $10k a year from your portfolio - and that's if you don't work part time. The reality is that you'll be fine. A 3.25% withdrawal rate works in alm...
by Meg77
Wed Apr 11, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 4177

Re: Am I being unreasonable?

Setting aside whether private school Kindergarten is worth it, it sounds like you can afford it. If you can finance $20k a year for tuition by "curtailing" (not even stopping) 529 contributions, then you may not even need to be making 529 contributions. You can cash flow private education up to and ...
by Meg77
Wed Apr 11, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5814

Re: Retirees: Who's increasing their equities as they age?

There is evidence in some of the most recent retirement studies that starting lower and increasing equity exposure throughout retirement - as opposed to the traditional advice to decrease equity exposure steadily over time - is actually preferable. I can't remember the exact metrics (I think it dec...
by Meg77
Wed Apr 11, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 6496

Re: Structuring Newlywed Finances for Fairness and Less Arguments

I was in a similar situation when I got married 4 years ago. I had 6 rental properties and a sizeable nest egg; husband had student loan debt but a positive net worth (mine was 4x higher though). I made a bit more than him when we met not even counting investment income. We work in the same industry...
by Meg77
Tue Apr 10, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5814

Re: Retirees: Who's increasing their equities as they age?

There is evidence in some of the most recent retirement studies that starting lower and increasing equity exposure throughout retirement - as opposed to the traditional advice to decrease equity exposure steadily over time - is actually preferable. I can't remember the exact metrics (I think it decr...
by Meg77
Tue Apr 10, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2371

Re: Would you pay off the student loan or keep the $$$

Pay off the student loan! 1. Clean slate (done with debts owed prior to marriage) 2. Wife wants to (not that she should get anything she wants, but there are some brownie points here for going with her idea) 3. It's a guaranteed 4%+ return. 4. Fed rates are set to increase 2 more times this year, so...
by Meg77
Tue Apr 03, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over Roth 401(k) to Roth IRA?
Replies: 12
Views: 980

Re: Should I roll over Roth 401(k) to Roth IRA?

Post by thehappycampers » Mon Apr 02, 2018 1:32 pm Pre-tax 401(k) dollars 2. Open new Vanguard traditional IRA that would accept pre-tax 401(k) dollars. 3. Roll over pre-tax 401(k) to newly opened Vanguard traditional IRA. 4. Convert Vanguard traditional IRA into Vanguard Roth IRA, paying taxes at ...
by Meg77
Tue Apr 03, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Everything :)
Replies: 7
Views: 1195

Re: Help with Everything :)

Emergency funds: $1000 (first on to do list to bring to 3 months, which can be done by the end of the year) Great goal, good next step. Debt: His Student Loan $42,000 at 4% and Mortgage 350,000 at 4% (we pay bi-weekly for one additional payment each year) I'd quit doing this. Just pay your minimum/...
by Meg77
Tue Apr 03, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a house of 600-700k?
Replies: 56
Views: 4267

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

You can afford it, but I'd stay put for another year or two until your oldest is ACTUALLY ready to start school. The only kicker might be if your commute would go from horrible to reasonably with a move. But so many people upgrade homes years before they "need" to and spend those years paying the in...
by Meg77
Thu Mar 29, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: What can go wrong with multi family syndications?
Replies: 32
Views: 4329

Re: What can go wrong with multi family syndications?

I've invested in 8 multi family syndications over the past few years. Most are with one group of principals who specialize in value add - "fix n flips" if you will. They buy B-C class 20-30 year old buildings run by mom and pop types. They renovate half the units (often adding things like washer dry...
by Meg77
Thu Mar 29, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 13704

Re: Healthy eaters -- is this grocery budget normal to you?

I was pissed and shocked when I noticed this, as I'd been buying fresh for years assuming the price would be the same. Why? You don't think they added value? Then don't pay for that extra service. 90% of business is "added value" like that. That butcher or watermelon slicer doesn't work for free. I...