Search found 160 matches

by blackholescion
Thu May 07, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Maximum Interest Rate and Minimum Down Payment You Would Consider Reasonable
Replies: 31
Views: 977

Re: Maximum Interest Rate and Minimum Down Payment You Would Consider Reasonable

When I bought my first house, I calculated the monthly mortgage, insurance, and tax payment I could swing. It never crossed my mind to think about repairs/upkeep. You need to factor that in as an ongoing — sometimes small, sometimes larger, but always present — expense. Thanks. Subtracting my curre...
by blackholescion
Thu May 07, 2020 8:40 am
Forum: Personal Investments
Topic: How not to stretch yourself too thin on home purchase?
Replies: 34
Views: 3328

Re: How not to stretch yourself too thin on home purchase?

I understand keeping your housing expenses as low as possible (in fact that is what I think I am currently doing), and I don't plan on getting too far out there in terms of price, but at the same time surely there is something to be said for enjoying the place where you spend the majority of your t...
by blackholescion
Mon Apr 27, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6067

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

I agree. What about those with toddlers who cannot just let the kids “watch themselves”? They are now going to take care of the kids and work an 8 hour day for a total of 14-16 hours? I didn't understand this comment. How can working 8 plus taking care of kids add up to 16 hours? What happens with ...
by blackholescion
Mon Apr 27, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6067

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

Yes. I think it will likely result in much less working from home in our company. Productivity has dropped dramatically and our IT infrastructure cost is soaring. Corporate is already planning on redesigning workspaces to distance people. Money spent on the offices will neccissitate employees work ...
by blackholescion
Mon Apr 20, 2020 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Take FMLA or Telework?
Replies: 19
Views: 1102

Re: Take FMLA or Telework?

As someone who went through this recently (paid family leave of 8 weeks), I only took 2 in order to salvage a project in dire straits if I left, and took the remaining 6 over the course of the year. Those first 2 weeks happen in a flash. With another on the way, I’m taking no less than 4 weeks but t...
by blackholescion
Thu Apr 16, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16353

Re: What percentage of your paycheck do you invest?

This type of thread tends to show many Bogleheads do well either by their income, or by controlling their expenses, or both. I'm certain far more Bogleheads have modest savings rates than tend to chime in. Regardless, Bogleheads is far from typical. You are doing better than most households by savi...
by blackholescion
Wed Apr 15, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Please prove me right on this Wash sale debate!!
Replies: 22
Views: 949

Re: Please prove me right on this Wash sale debate!!

They are different asset classes of the same fund. Therefore not only are they substantially the same for wash sale purposes, but they are the same apart from how they are traded.
by blackholescion
Tue Apr 07, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16353

Re: What percentage of your paycheck do you invest?

Last year we saved 109% of expenses. I find that to be a better number to track for trajectory. I like that. How about a new thread: What percentage of expenses do you invest? About 50% of expenses for us. Me too. We are targeting 3% withdrawal just to be on the safe side so 33x expenses. Wife’s fa...
by blackholescion
Fri Mar 27, 2020 7:18 am
Forum: Personal Investments
Topic: The Coming Baby Boom?
Replies: 48
Views: 2037

Re: The Coming Baby Boom?

I'm a millennial. We're both 26 and still won't be having kids anytime soon due to the expected cost. Despite us mostly wanting kids eventually, I could certainly see that getting pushed off to "never" as the cost of childcare continues to rise. Our household income is $200k and it feels like a cho...
by blackholescion
Fri Mar 20, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 129037

Re: Coronavirus (Consumer Issues) How you are preparing?

We thought that early morning grocery pickup would have more available, from new deliveries. However, there was a lot that was not available, anyway. So we've decided to try a pickup later in the day. Perhaps some things don't come it pre-opening, or can't get put on shelves? Or maybe are put on sh...
by blackholescion
Wed Mar 18, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 129037

Re: Coronavirus (Consumer Issues) How you are preparing?

I have a new twist to add to the discussion - If you're home following all the self-isolation guidelines, what do you do regarding people who regularly come to do things like clean? I'm struggling with this. We can easily maintain a 6' distance. Options I'm debating are - one last cleaning, then co...
by blackholescion
Wed Mar 18, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152530

Re: Refinance Mega Thread

I have a question for those who are proceeding with the refinance: how are you handling appraisal and final closing, when lawyers visit your home, or you need to travel? I was close to jumping in and then schools closed and I have taken a step back. I am curious where others are. Even though we hav...
by blackholescion
Wed Mar 18, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152530

Re: Refinance Mega Thread

I have a question for those who are proceeding with the refinance: how are you handling appraisal and final closing, when lawyers visit your home, or you need to travel? I was close to jumping in and then schools closed and I have taken a step back. I am curious where others are. Even though we hav...
by blackholescion
Tue Mar 17, 2020 8:25 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190973

Re: Bogleheads community discussion - Coronavirus

Closing schools is stupid. Now instead of kids gathered in school getting the virus, they will be gathered in day-care getting the virus. The idea is that you don't put them in day-care either. You keep them at home with you. In Quebec they actually closed all the day-cares at the same time as the ...
by blackholescion
Sun Mar 15, 2020 7:24 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190973

Re: Bogleheads community discussion - Coronavirus

So far, the U.S. is doing well on number infected per 100,000 people compared to other countries, including South Korea. South Korea's first confirmed can was a day later that the first confirmed case in the U.S. South Korea has many more confirmed deaths per capita from COVID-19 than U.S. accordin...
by blackholescion
Tue Mar 10, 2020 5:54 pm
Forum: Personal Investments
Topic: Help me allocate $6M in cash [Portfolio Help]
Replies: 27
Views: 2524

Re: Help me allocate $6M in cash [Portfolio Help]

Refinance that mortgage and get a <=3% rate. Save even more. What are you annual expenses + wishlist? You can already withdraw 180k from it and never run out at 3% withdrawal rate. No sense in getting riskier than you need, especially with another windfall coming. I would just do total stock + total...
by blackholescion
Sun Mar 08, 2020 9:45 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Futures halted tonight (3/8)
Replies: 233
Views: 16558

Re: S&P500 Futures halted tonight (5/8)

So according to the futures using the S&P 500 closing high, we are down roughly 16.6% from the peak. In some ways that is disappointingly little. Jeeze. Still not a bear. Not even Q4 2018 yet. The gain from October was insane. It's like this downfall is quickly taking that gain away. The question i...
by blackholescion
Tue Mar 03, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152530

Re: Refinance Mega Thread

Seeing the same thing as others here, hard to find a no-cost loan from anyone under 3.5%. The 10-year keeps dropping so I hope that helps. Not sure if the surprise Fed action will be an extra ingredient. I’m almost 10 years into a 30-year @ 4.0%. I’ve paid in a little extra so balance is around $25...
by blackholescion
Tue Mar 03, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152530

Re: Refinance Mega Thread

Current: 395k @ 4.125. 315 months remaining. Both options below save at least 40k in total costs over this. 20 year at 3% 2600 closing versus 15 year 2.625% 2000 closing. Mortgage professor tells me the difference is some 11k in total costs after 20 years and extra payments of $500 a month. Max dif...
by blackholescion
Mon Mar 02, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152530

Re: Refinance Mega Thread

Current: 395k @ 4.125. 315 months remaining. Both options below save at least 40k in total costs over this. 20 year at 3% 2600 closing versus 15 year 2.625% 2000 closing. Mortgage professor tells me the difference is some 11k in total costs after 20 years and extra payments of $500 a month. Max diff...
by blackholescion
Sun Feb 23, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Large attic - to finish or not finish?
Replies: 33
Views: 2251

Re: Large attic - to finish or not finish?

I purchased a new house in December that has very large unfinished second-floor attic. The first thing to do would be to call the builder and ask if the space was designed to be finished. If it was not designed with the right support and whatnot it might not be easy to bring it up to the building c...
by blackholescion
Sun Feb 23, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Large attic - to finish or not finish?
Replies: 33
Views: 2251

Re: Large attic - to finish or not finish?

I purchased a new house in December that has very large unfinished second-floor attic. The first thing to do would be to call the builder and ask if the space was designed to be finished. If it was not designed with the right support and whatnot it might not be easy to bring it up to the building c...
by blackholescion
Fri Feb 21, 2020 4:56 pm
Forum: Personal Investments
Topic: Car Loan pay off or VTSAX
Replies: 32
Views: 1752

Re: Car Loan pay off or VTSAX

Are we all pretending that stocks won’t return 3.75% over the next 45 months? Even with a pull back, you should still see those numbers. Regardless, if that 28k is earmarked for something, get it out of the 1.6% account ASAP.
by blackholescion
Sun Feb 16, 2020 9:03 am
Forum: Personal Investments
Topic: Best Site/Software for Portfolio Management?
Replies: 32
Views: 2619

Re: Best Site/Software for Portfolio Management?

You can set up a portfolio in Morningstar for free with a vast variety of data you can customize for your portfolio. That data easily exports xls format so you can build an excel sheet, or sheets, to import the export, so to speak, to track or manipulate that data in any manner you choose. .. basic...
by blackholescion
Mon Feb 10, 2020 6:59 am
Forum: Personal Investments
Topic: Underfunded! Riskier to protect modest assets now or depend on the market? Annuity??
Replies: 34
Views: 2565

Re: Underfunded! Riskier to protect modest assets now or depend on the market? Annuity??

OP: skip the annuity for now. Why are you calculating your withdrawals at 3.5% SWR? Since you’re saying you’re underfunded, 4% is 25 years worth of withdrawals. 5% is 20. If you wait until 65, are you expect I’ve to live past 85 given what you know about yourself? I’m glad social security is high en...
by blackholescion
Thu Jan 16, 2020 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Did I Pencil Whip My W-4 Correctly?
Replies: 12
Views: 591

Re: Did I Pencil Whip My W-4 Correctly?

Did you try using the online wizard from the IRS? It’s relatively straightforward.

https://apps.irs.gov/app/tax-withholding-estimator
by blackholescion
Fri Jan 10, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Buying Car - buy outright or finance?
Replies: 59
Views: 5182

Re: Buying Car - buy outright or finance?

Both are good ways. Negotiate to lowest price suggesting you are going to pay cash . Have checkbook ready. Then get 0% loan at the end and the cash back for taking a loan. Why is that a good idea? If they know they won't make money financing the car, won't they be less willing to lower the price? I...
by blackholescion
Fri Jan 10, 2020 8:46 am
Forum: Personal Investments
Topic: Moved From Edward Jones 6 Months ago Advise on status now
Replies: 10
Views: 1131

Re: Moved From Edward Jones 6 Months ago Advise on status now

At the moment I have $95,000 in the Life Style Growth Fund (Taxable) if I moved that to VTSAX what do you think the approx taxes would be? That’s hard to tell with the information provided. Was this fund available at Edward Jones? In other words did you transfer it from them over to vanguard or did...
by blackholescion
Wed Jan 08, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Car or start taxable account
Replies: 6
Views: 380

Re: Pay off Car or start taxable account

Last year the market returned over 30%. In 2018 the market had a poor year. IN 2017 it had a good year. We can afford to pay cash for our cars. When I get a rate well below what I believe that the market will earn, I usually finance. Today, PenFed offers 2.99%. Some manufacturers will subsidize rat...
by blackholescion
Wed Jan 08, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Car or start taxable account
Replies: 6
Views: 380

Re: Pay off Car or start taxable account

Last year the market returned over 30%. In 2018 the market had a poor year. IN 2017 it had a good year. We can afford to pay cash for our cars. When I get a rate well below what I believe that the market will earn, I usually finance. Today, PenFed offers 2.99%. Some manufacturers will subsidize rat...
by blackholescion
Wed Jan 08, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Car or start taxable account
Replies: 6
Views: 380

Pay off Car or start taxable account

Max out 401ks, Back door Roths. 6% match on 401k. Total here is roughly 65k a year, or 20% of gross. The reason this number is 20% is a few factors. Salary doubled within last two years, 2 kids, aggressively paid down second mortgage. Now that we are free of all debt except primary mortgage, we are ...
by blackholescion
Fri Oct 11, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Phone call from First Data re possible debit card fraud
Replies: 7
Views: 864

Re: Phone call from First Data re possible debit card fraud

The best thing to do in these situations is hang up and call Fidelity. Ask them if you are supposed to have received a phone call from First Data. I do this every time I get a call I wasn't expecting from a financial institution.
by blackholescion
Thu Sep 26, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 8110

Re: New Credit Card Search - 2 Front Runners?

I have liked the Costco Visa till now. Trip Cancellation has been dropped. Although I've never used the benefit, it gave me comfort booking cruises etc 6 months out. Appears expensive to buy for each trip. I'm looking for replacement and have only found Chase cards so far. Any other suggestions? Am...
by blackholescion
Thu Sep 26, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4298

Re: Can I afford around a $2M home?

Since you said mock, when did you come into your income? 1.9m net worth at 900k salary means you either came into it recently or are catching up. You should be saving at least 300k a year at that income level (which you’re doing), spend 300k and taxes for the rest. You say that you’re spending 150k ...
by blackholescion
Wed Sep 25, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 8110

Re: New Credit Card Search - 2 Front Runners?

Don’t forget that the Walmart card is 5% in store, only for the first year and you have to use Walmart pay. After that you only get the 5% online. Also if you spend more than $3600 a year in groceries, the Amex Blue Cash Preferred is a far superior card to a 3% back at groceries card. You can also b...
by blackholescion
Wed Sep 11, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897674

Re: What's Your Credit Card Rewards Strategy?

Anyone who does occasional travel and uses Amex MR and can chime in? Between MR and Chase I had 300k points. I've rarely been able to use them when I wanted to. I finally realized (duh) that these points are only a good deal if you're willing to accept whatever travel deals are being offered, and y...
by blackholescion
Fri Sep 06, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897674

Re: What's Your Credit Card Rewards Strategy?

I want to replace our BofA Travel Rewards (I'm tired of their fraud detection. Burned me one too many times. I've tried working with them, but any time I have to buy something like limited number of concert tickets, I seem to get burned). Currently have Amex Blue Cash Preferred. Debating getting Cos...
by blackholescion
Thu Sep 05, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: 25 y/o, What’s the best plan for me right now?
Replies: 9
Views: 724

Re: 25 y/o, What’s the best plan for me right now?

You switched from the 2055 fund to 4 funds that have nearly the same asset allocation as the 2055 fund. Depending on the expense rations you may have come out slightly ahead. That said, managing 4 funds is slightly more complex than 1 for the probably nominal savings in ER you’re getting. I don’t th...
by blackholescion
Mon Aug 12, 2019 12:21 pm
Forum: Personal Investments
Topic: Help with New House Purchase Decision
Replies: 4
Views: 502

Re: Help with New House Purchase Decision

My opinion is that you clearly have real estate as part of your overall portfolio, which is fine. Your decision comes down to how much real estate do you want as a percentage of your portfolio. Right now you have 50/50 equities/bonds to real estate. Is this too much? Only you can answer that. Are yo...
by blackholescion
Mon Aug 12, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 3674

Re: What am I missing about HELOCs?

I don’t have a CC with a line of $200K for starters. I recently got an offer for a HELOC at 3.5% for the first 12 months. I’m actually tempted to take $150K on the HELOC and invest it :) I think this is what the OP is looking to do. I am as well. With the current IRS tax deductions, you can only do...
by blackholescion
Sun Aug 11, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 3674

Re: What am I missing about HELOCs?

Better for most folks than a credit card at 14% because they have poor credit and just have had the heloc open and sitting there for many years. Consolidating higher interest loans or credit cards using one is an alternative. Also, heloc interest is deductible (still) if used for actual home improve...
by blackholescion
Fri Jul 19, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 9081

Re: Harrassed at work, what steps to take to protect her future employment

Can’t you fire someone for no reason in the U.S.? If the employer doesn’t like her they have the power to just let the employee go. It varies from state to state but generally speaking, yes. Many corporations are risk averse and will do what OP is describing to avoid the potential for lawsuits (dis...
by blackholescion
Tue Jul 09, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897674

Re: What's Your Credit Card Rewards Strategy?

^good research and info. It be very interesting to have it compare to other rewards systems and determine how much a rewards point would have to be to match BoA. For example Amex Gold 4x Dining would require 1.31c/MR point valuation to match. The Amex points would have to be worth even more than th...
by blackholescion
Sat Jul 06, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Customer negotiating invoice payment
Replies: 17
Views: 1892

Re: Customer negotiating invoice payment

I am an independent contractor as well. If it were me I’d accept the $10,000 and chalk it up to a lesson learned: get a signed contract and clear agreement in writing for anything beyond the scope of the original contract. This. Build or find a change management process including documentation. Use...
by blackholescion
Fri Jul 05, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6612

Re: 50-60k boat purchase??

You spend about $200k/yr (outside of 529/retirement savings) meaning using 4% SWR you would need 5million when you retire by 65? Are you on track to meet that goal? What? 260k -taxes -50k retirement -18k 529 =~ 130k. OP won’t have child care expenses, mortgage, etc on top of this. $260 - 50k retire...
by blackholescion
Fri Jul 05, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6612

Re: 50-60k boat purchase??

BanquetBeer wrote:
Fri Jul 05, 2019 1:40 pm
You spend about $200k/yr (outside of 529/retirement savings) meaning using 4% SWR you would need 5million when you retire by 65?

Are you on track to meet that goal?
What? 260k -taxes -50k retirement -18k 529 =~ 130k. OP won’t have child care expenses, mortgage, etc on top of this.
by blackholescion
Fri Jul 05, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16398

Re: Staying the course is so hard (support thread)

Also as someone who has close friends who pay child support, it doesn’t always end at 18. You may be taken back to court for judgement on paying for college (529) but also college living expenses in college that aren’t covered by the 529 since in these situations the child support receiver usually ...
by blackholescion
Wed Jul 03, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16398

Re: Staying the course is so hard (support thread)

Where's your budget? Hard to understand where that huge income is going from the numbers you have given us so far. It sure sounds like you should be able to buy the more expensive house and have it paid off in 5 years or so. Where is the rest of the $720k income going? It seems like with that type ...
by blackholescion
Wed Jul 03, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3963

Re: Hire a driver?

Most Americans are awake for 16+ hours a day. Since you’re working nights, you’ll have to flip your schedule and may be better to just do it permanently rather than keep flipping back and forth every 4 days. Being awake from 17:00-09:00 isn’t much different as that person awake from 05:00-21:00 who ...
by blackholescion
Tue Jul 02, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 5675

Re: HCOL vs LCOL Dilemma

4) I retired out of corporate IT and never made the sort of money that you are making but one big question is how long you can keep up the high income. As you get older in IT it can be much harder to get interviews and job offers and older workers are usually the ones selected to be laid off when t...