Search found 239 matches

by The Broz
Mon Jul 13, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of paying off mortgage
Replies: 146
Views: 9159

Re: Talk me out of paying off mortgage

I have a little over 11 years left on a 15 year note @ 2.875%. ~300K left. I'm a software engineer with 15 years at the same company. I wasn't furloughed and I think I'd be one of the last employees to be let go if things got worse. We've also started bringing people back. My wife is an underpaid t...
by The Broz
Mon Jul 06, 2020 12:59 pm
Forum: Personal Investments
Topic: 401K / New Job
Replies: 5
Views: 396

Re: 401K / New Job

Hello, I will be transitioning to new job. With regards to 401K from previous employer, Would transferring to traditional IRA be best option for simplicity / managing multiple accounts? Any additional information regarding transfers, taxation, etc. would be greatly appreciated. I am under the impre...
by The Broz
Thu Jul 02, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Who has long term care insurance?
Replies: 122
Views: 6839

Re: Who has long term care insurance?

This is something I am considering down the road. I believe my mom has it currently, which could turn out to be a very wise decision. I have had good experience with Zander on our term life purchases. I don't know if they do long term care, but I would suspect they do. I would check with them as a s...
by The Broz
Thu Jul 02, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 45
Views: 4282

Re: 529 fairness?

You are overthinking this. You are doing the best that you can with the information that you have. You are under no obligation to pay for a child's higher education, so anything you can contribute is a gift and they should be glad to receive it. Now - if you gave a big pile of money to one and next ...
by The Broz
Wed Jul 01, 2020 6:20 am
Forum: Personal Consumer Issues
Topic: Device for men's haircuts
Replies: 50
Views: 4775

Re: Device for men's haircuts

When we moved to a HCOL area in 2016, I wanted to cut costs where I reasonably could. I got whatever clippers that Costco was selling at the time, and just tried to do my best. I figured I am married. Who the hell am I trying to impress? I have probably saved a few hundred dollars by now. Money that...
by The Broz
Wed Jul 01, 2020 6:15 am
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17953

Re: Streaming TV options (YouTube TV raising rates AGAIN)

My guess is that YTTV is probably the best of all the services out there, so the $65 price is probably not that outrageous. The issue is that they raised the price $15 for a bunch of crap that most people with never watch - and it is not an option. We dropped YTTV when we moved, and got ATT TV and i...
by The Broz
Wed Jul 01, 2020 6:04 am
Forum: Personal Consumer Issues
Topic: Spectrum cord-cutting question
Replies: 5
Views: 648

Re: Spectrum cord-cutting question

FWIW - several years ago, I was on Cox's unadvertised speed. I don't remember what the speed was, but it was so low that they did not offer it - you had to know about it and ask for it. I found that speed to be perfectly adequate for what I was doing at the time. Now - adding a second and third TV m...
by The Broz
Mon Jun 22, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2303

Re: Do Bogleheads even need life insurance?

There are possible situations where your family might need it. Term insurance is inexpensive and you can easily afford it. Buy more than you think you need and be happy when it does not need to be used. Unless you are certain to be free of bad luck, litigation, or job loss, the above is my advice. ...
by The Broz
Tue Jun 09, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10716

Re: Dave Ramsey mentioned bogleheads today

One more note --- I think Dave has even acknowledged several times, subtlety, that his snowball debt strategy is not mathematically the most efficient way to pay down debt and save every penny. I think Suze Orrman does the Avalanche debt model where debt is paid down from highest to lowest interest...
by The Broz
Tue Jun 09, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10716

Re: Dave Ramsey mentioned bogleheads today

In fairness - you need to think about the audience that he is serving. Listen to the trainwreck calls of people who have done horrible things with their lives and their money. Dave gives them a strategy to get out of debt and invest to start building wealth. That's how I view it. The sanctimony on ...
by The Broz
Tue Jun 09, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: New to the market, I only know bull...
Replies: 40
Views: 2401

Re: New to the market, I only know bull...

Forget that we're talking about timing. I'm no guru, I'm a schmuck who got lucky ten times. But in general, would the buy & hold philosophy apply in my case? Or do the numbers indicate buy & hold might not be the best strategy for someone in my situation? Investing is different from trading...
by The Broz
Tue Jun 09, 2020 7:45 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10716

Re: Dave Ramsey mentioned bogleheads today

In fairness - you need to think about the audience that he is serving. Listen to the trainwreck calls of people who have done horrible things with their lives and their money. Dave gives them a strategy to get out of debt and invest to start building wealth. Take his advice on credit cards as an exa...
by The Broz
Mon Jun 08, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Mortgage or Pay it off
Replies: 5
Views: 395

Re: Refi Mortgage or Pay it off

I am probably ok with you doing a no-cost re-fi right now, as it seems like there is little reason not to do it. But I am firmly in the camp of paying off the mortgage when you can. To me - there is no reason to borrow against your house so you can invest in the market, which is what you would be do...
by The Broz
Thu Jun 04, 2020 6:20 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 10743

Re: Amazon WITHOUT Prime?

I just dropped prime about a month ago. Observations so far are that I can generally get free shipping from Amazon if I bunch my purchases so that they total $25 or more. Also I've been shopping more at Walmart.com and other online retailers, which often have better prices than Amazon. I do have a ...
by The Broz
Thu Jun 04, 2020 6:15 am
Forum: Personal Consumer Issues
Topic: Where to buy weight plates for home gym?
Replies: 20
Views: 1422

Re: Where to buy weight plates for home gym?

You can always check out thrift stores. Sometimes there are good deals to be had. Craig's List maybe?
by The Broz
Thu Jun 04, 2020 6:13 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 10743

Re: Amazon WITHOUT Prime?

To me - the thing with Prime is that you should try to take advantage of the other things that you get with it. For example - Amazon Photos. Just finding out about that via a youtube video saved me from having to get upgraded icloud to save all my pics. I would suggest looking up those videos to fin...
by The Broz
Mon Jun 01, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Selling a house - should it be staged or left empty?
Replies: 48
Views: 4310

Re: Selling a house - should it be staged or left empty?

The correct answer here is (of course).... it depends. The two thoughts that pop into my mind are: - how much does it cost? My guess is that it is somewhere between $20 and $20k, right? I would suggest not pinching pennies here (if that is all it is) and end up being pound foolish. But if it is craz...
by The Broz
Fri May 29, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer - Any Advice?
Replies: 27
Views: 1617

Re: First Time Homebuyer - Any Advice?

Be very wary of buying in an area with high HOA fees, thinking that "they will take care of everything". I am here to tell you that HOA Boards can be horribly irresponsible, and property managers work for the HOA boards. We had to take our board to court (and won) to get some satisfaction.
by The Broz
Thu May 21, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Student debt vs investing
Replies: 37
Views: 2304

Re: Student debt vs investing

i would always pay of all debt before investing. i know you can play percentage game, but thats what i would do. This I know people don't like to hear it, but you appear to have a negative net worth. Correct me if I am wrong. If I am wrong, that means you have money somewhere and should be getting ...
by The Broz
Thu May 21, 2020 6:07 am
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4737

Re: At 30, what are some key financial milestones I should have hit?

Read The Millionaire Next Door. There is part that discusses net worth relative to your income essentially. There is a formula with it that escapes me, but the idea is that high income people who over consume may appear to be wealthy, while lower income people who spend and save wisely are actually...
by The Broz
Wed May 20, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4737

Re: At 30, what are some key financial milestones I should have hit?

Read The Millionaire Next Door. There is part that discusses net worth relative to your income essentially. There is a formula with it that escapes me, but the idea is that high income people who over consume may appear to be wealthy, while lower income people who spend and save wisely are actually ...
by The Broz
Tue May 19, 2020 6:40 am
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 110
Views: 7255

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice. https://www.ray-ban.com/usa/sunglasses/view-all/plp I disagree. You are buying a brand, not a quality product. Check out then polarized sunglasses from Costco, Kirkland Signature. $30 and are very good for the price. I am a huge fan of Maui Jim. They are out of you...
by The Broz
Mon May 18, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: Wall Street says stocks are very overvalued
Replies: 45
Views: 4094

Re: Wall Street says stocks are very overvalued

Kenkat wrote: Mon May 18, 2020 1:38 pm C: I am writing an article about the market being overvalued and I found some wall street investors who agree with me
Totally true - this is what journalism has become unfortunately. There are some honest journalists out there still, but they are few and far between.
by The Broz
Mon May 18, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Wall Street says stocks are very overvalued
Replies: 45
Views: 4094

Re: Wall Street says stocks are very overvalued

The headline is misleading: Wall Street, as a whole, can never think stocks are overvalued. There must always be a balance between investors expecting overvaluation and undervaluation, since Wall Street is where they can act on their expectations. If a stock is trading at $50 per share, there must ...
by The Broz
Mon May 18, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 32
Views: 4703

Re: How to respond to poor life decision affecting job

I think you believed somehow that HR was something other than employee back stabbing liars. Hopefully, now you've learned. HR could be renamed "Management Spy" and the title would then more accurately define their role. Never, ever think they're on your side, even a little bit. I learned ...
by The Broz
Mon May 18, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4493

Re: I work remote: Is buying a home away from a major city a major risk?

Of course there is some level of risk. But you will never be happy if you are worrying about every scenario you can think of in your head. If you think a layoff is likely to happen, don't do it. If you think the likelihood is less than 50%, do it and be happy. If life changes, you can deal with it a...
by The Broz
Fri May 15, 2020 2:03 pm
Forum: Personal Investments
Topic: Advice for 22 year old on investing for home downpayment?
Replies: 29
Views: 1951

Re: Advice for 22 year old on investing for home downpayment?

I would suggest reading The Total Money Makeover by Dave Ramsey. You can ignore anything he says re: how to invest, but pay attention to the steps (e.g. pay off all debt, save for an emergency fund / retirement / house down payment, etc.). The steps are ordered and specific. I wish I had read that b...
by The Broz
Fri May 15, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12882

Re: Selling home - low ball negotiation

Make your best offer and include any limitations to inspection repairs you consider reasonable. Alternatively, in our area, many have a handyman inspect and make repairs before listing. Common things are stuck windows, doors that do not close completely, drywall cracks and plumbing/electrical/roofi...
by The Broz
Fri May 15, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3859

Re: Mountain cabin?

Agree with other folks here. It sounds like you have done quite well for yourself, so my gut is telling me that your monthly budget is in check and that you would be pretty thoughtful about the updates/fixes you want to make. 750 sq ft is quite tight for anything more than a week or so, but you may ...
by The Broz
Thu May 14, 2020 7:16 am
Forum: Personal Consumer Issues
Topic: Lexus 2018 recall
Replies: 16
Views: 1198

Re: Lexus 2018 recall

Toyota/Lexus do recalls all the time because they are looking for possible (even remote) safety concerns. I wouldn't worry too much about all of the sudden being in some sort of rolling death trap. Things break in cars all the time. Think of it this way - were you worried in the car before you knew ...
by The Broz
Thu May 14, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Family member returning borrowed money?
Replies: 27
Views: 3215

Re: Family member returning borrowed money?

Just do it like you normally would if there were no magic $10k barrier - all at once and be done with it. That sort of thing happens all the time. Making several smaller payments is much more of a red flag, i.e. "why are they making all these payments in quick succession?"
by The Broz
Tue May 12, 2020 12:53 pm
Forum: Personal Investments
Topic: Invest or Pay Down Mortgage?
Replies: 14
Views: 947

Re: Invest or Pay Down Mortgage?

Make sure you are investing 15% of your household income towards retirement. Everything extra goes at the house until it is paid off. There are others that will suggest that you keep the mortgage and invest. I think this is foolish, but reasonable people can differ.
by The Broz
Wed May 06, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: Total market or S&P 500?
Replies: 44
Views: 4162

Re: Total market or S&P 500?

asif408 wrote: Wed May 06, 2020 2:47 pm
billthecat wrote: Wed May 06, 2020 2:13 pm it doesn't matter / stop thinking so much
This is the answer.
Correct. Compare VTSAX vs S+P over the years and you will see barely any deviation. Don't waste your time over-analyzing this.
by The Broz
Wed May 06, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1450

Re: Home brewing recommendations

My buddy got a kit a few years ago - Mr. Beer or Mr. Brew or something like that. I would say to start with something simple like that and see if you like doing it. Yeah, the process will be simplified and the results may not be what you are looking for exactly but you could avoid pouring (no pun in...
by The Broz
Wed May 06, 2020 12:42 pm
Forum: Personal Investments
Topic: Find myself with too much liquidity after *not* buying a house
Replies: 16
Views: 1484

Re: Find myself with too much liquidity after *not* buying a house

Keep the cash. You can find some way of earning a couple dollars on it via CDs or High Yield accounts, but the yield in dollars is not going to be much and therefore nothing that will all of the sudden put you in a house that was previously out of your price range. What I am saying is don't worry ab...
by The Broz
Wed May 06, 2020 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage in 2 years or max out 401k
Replies: 34
Views: 2210

Re: Payoff Mortgage in 2 years or max out 401k

Invest 15% of your household gross towards retirement. The rest of the surplus goes at the house. Once the house in paid off, you can max out all of your retirement accounts and put any surplus in taxable investments (e.g. three fund portfolio). With no house payments and racking up savings, you wil...
by The Broz
Sun Apr 26, 2020 2:21 pm
Forum: Personal Investments
Topic: What to do with additional money every month:
Replies: 11
Views: 1586

Re: What to do with additional money every month:

Pay off your cars and any other debt you might have. Figure out how much money you should have saved today to pay for kids's college and put that away in a 529 (letting compounding get you the rest of the way there). Pay Down your mortgage until it is gone. You have a massive income, so do what you ...
by The Broz
Tue Apr 14, 2020 7:33 pm
Forum: Personal Investments
Topic: Investing for newborn
Replies: 15
Views: 918

Re: Investing for newborn

Is this for college savings or just general savings?
by The Broz
Tue Apr 14, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: Learning 2 foreign languages simultaneously: bad idea for 5 year old?
Replies: 28
Views: 1527

Re: Learning 2 foreign languages simultaneously: bad idea for 5 year old?

I think the thing you want to be mindful of is whether the child will have a chance to regularly practice the languages for years to come. There is nothing wrong with working on multiple languages, but I would just make sure not to let it go to waste. When I went to France the first time, I was surp...
by The Broz
Tue Apr 14, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: New to Seattle area - where to buy a house
Replies: 28
Views: 2531

Re: New to Seattle area - where to buy a house

If you’re working in Redmond, why not the excellent public schools on the Eastside? I don’t know what part of California you’re coming from, but traffic in the Seattle area is terrible, even by the standards of most of California. For quality of life, you really want to live near both work and scho...
by The Broz
Tue Apr 14, 2020 4:43 pm
Forum: Personal Investments
Topic: International Growth (VWIGX) Outperformance
Replies: 28
Views: 2679

Re: International Growth (VWIGX) Outperformance

This is what I own for my international allocation as well. I do appreciate the notion that the US will not always outperform the world, but Total International just has not done well in a long time (I know.... past performance does not equal, etc.). So I thought I would partially break some rules, ...
by The Broz
Tue Apr 14, 2020 4:38 pm
Forum: Personal Investments
Topic: Is it time for me to rebalance?
Replies: 41
Views: 2459

Re: Is it time for me to rebalance?

I am a rebalance annually guy. I was tempted to rebalance when the market was way down a few weeks ago, but because we have many other things going on, I thought against it. I may go to a semi-annual rebalance, and keep it that way. Part of the reason I would rather do it on a schedule is just for s...
by The Broz
Sun Apr 12, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: What makes a real estate agent good?
Replies: 30
Views: 2669

Re: What makes a real estate agent good?

It seems like when I have shopped, the markets have been hot. When the markets are hot, I would want someone alerting me as soon as possible that something is available that I might want to check. Also - someone who is looking at the negatives and playing devil's advocate. I just want to feel like t...
by The Broz
Sun Apr 12, 2020 8:55 pm
Forum: Personal Investments
Topic: Which state’s 529 plan has low fee and more aggressive age-based portfolio?
Replies: 14
Views: 942

Re: Which state’s 529 plan has low fee and more aggressive age-based portfolio?

As alluded to earlier. There is a very good reason why 529 age-based options have conservative glide paths. College accounts are not retirement accounts. Consider, that the plans have well researched and back tested studies driving their glide paths. There is a massive difference in the sequence of...
by The Broz
Sun Apr 12, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: What are some financial positives of the current crisis?
Replies: 31
Views: 3317

Re: What are some financial positives of the current crisis?

I doubt there is a financial positive for one person that isn’t simultaneously a financial negative for someone else. Probably in six - twelve months a lot of items will be less expensive because retailers will be desperate for sales, but will have had to lay off many workers. I wouldn’t consider t...
by The Broz
Sun Apr 12, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: New to Seattle area - where to buy a house
Replies: 28
Views: 2531

Re: New to Seattle area - where to buy a house

We just moved out of the area for a few different reasons. What I will say is that Kirkland may or may not be affordable for you (it was not affordable for us, so I did not spend a lot of time looking at house prices). We lived in Bothell near "Thrasher's Corner" (we were closer to Mill Cr...
by The Broz
Sun Apr 12, 2020 9:20 am
Forum: Personal Investments
Topic: Which state’s 529 plan has low fee and more aggressive age-based portfolio?
Replies: 14
Views: 942

Re: Which state’s 529 plan has low fee and more aggressive age-based portfolio?

We are in the NY plan too, and I just set it for "aggressive" portfolio which IIRC I can change at any time. We have a 6 month old so I am ok with that for now. Aggressive is what I believe Vanguard's current recommendation is (60% Total US Stock Market / 40% International stock market). I...
by The Broz
Sat Apr 11, 2020 8:26 pm
Forum: Personal Investments
Topic: 24 year old son ready to begin investing
Replies: 8
Views: 677

Re: 24 year old son ready to begin investing

I would have him read The Total Money Makeover to understand about debt, emergency funds, funding retirement, saving for a house down payment. I would suggest that he ignore everything in that book that has to do with what to do with his investment dollars though. For that, read Jack Bogle and the B...
by The Broz
Fri Apr 10, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Would you quit your job without another job now?
Replies: 34
Views: 2764

Re: Would you quit your job without another job now?

Situations like these are why I am such a big fan of getting the house paid off ASAP. When you run into a scenario where you have an abusive boss and the job is setting you up for a trip to the morgue, just leave. Give your two weeks and go. You can meet monthly expenses picking up some sort of job...
by The Broz
Fri Apr 10, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance without an exam
Replies: 5
Views: 407

Re: Term life insurance without an exam

We needed an exam for a $750k and $500k policies just a few months back (via Zander Ins), and we started the process before the covids.