Search found 1052 matches

by awval999
Sat Dec 08, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Single, self employed, 45k in debt, 375k in equity. what’s my move?
Replies: 16
Views: 1474

Re: Single, self employed, 45k in debt, 375k in equity. what’s my move?

I actually think this is an easy question. Sell the house. Take the equity. Pay off debt. Give yourself a $25k emergency fund. Remainder goes in a taxable fund for retirement. Never touch it. Rent an apartment. Live paycheck to paycheck, but no debt. Continue your path and live your dream, you have ...
by awval999
Sat Dec 08, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Barclaycard Arrival Plus™ World Elite Mastercard®
Replies: 7
Views: 661

Re: Barclaycard Arrival Plus™ World Elite Mastercard®

You have to redeem them against a purchase that codes as travel. The miles are redeemed as an account credit.
by awval999
Tue Dec 04, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 43
Views: 2835

Re: What to negotiate in offers

I think what others are saying... is yes, ask HR about the 401k match, who the servicer is and what funds are available, ask about the cost of health insurance, value of the health insurance, etc., but understand that there is no room for negotiating on those issues. As others have eluded to, those ...
by awval999
Sat Nov 24, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Denied credit card opening
Replies: 25
Views: 2038

Re: Denied credit card opening

There is no way to get around Chase’s 5/24.
by awval999
Tue Nov 13, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5288

Re: Oops! Edward Jones tops Vanguard in customer survey

I don't know why this is surprising.

From the topics and posts here Vanguard has bare-bones customer service. If you desire higher level customer service one should be with Fidelity, Edward Jones, etc.
by awval999
Sat Nov 10, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 8180

Re: Finances in NYC

If you look at Bankrates cost of living calculator you see that $58k in Columbus is equivalent to $145k in Manhattan and $111k in Brooklyn, with the difference being rent/mortgage.

From a financial perspective the new wage is comprobale to your current wage adjusted for COL in NYC.
by awval999
Sun Sep 23, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 13
Views: 1541

Re: How much is too much in one stock?

http://portfolios.morningstar.com/fund/ ... ings?t=SPX

SP500 Index:
1. Apple 4.33%
2. Microsoft 3.5%
3. Amazon 3.14%

I would probably try to trim down any stocks >4%.

If they are reasonable blue chip type stocks though I don't know if I would worry about 1% of portfolio stocks.
by awval999
Sat Sep 15, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5673

Re: Employer won't Match 401k. Why?

They don’t want to. Entirely depends on the employer. I once saw a 401k plan where they put in 15k a year no matter what you did, but the options were all horrible high fee ones Um. I'd take a $15k/year free match no matter what high ER fund they wanted to put me. Gimme that 1.8% ER. Yes please, ca...
by awval999
Fri Sep 14, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: O% APR for new iPhone Xs / is there a catch?
Replies: 8
Views: 799

Re: O% APR for new iPhone Xs / is there a catch?

The 0% APR isn't for you.

The 0% APR is for everyone else that can't afford the $1000+ one-time charge.

So make it 0% APR over 24 months, and oh yeah, $41.xx/month sounds so much better.
by awval999
Wed Jul 25, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2406

Re: How much car can I buy?

$40,000.
by awval999
Sat Jul 21, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3996

Re: Buying home, how to head off a bidding war.

Bid over asking price with a 24 hour time limit on offer.
by awval999
Thu Jul 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Can churning negatively affect getting a good mortgage rate?
Replies: 19
Views: 1397

Re: Can churning negatively affect getting a good mortgage rate?

beagler1 wrote:
Thu Jul 19, 2018 11:13 am
Anyone have credit score affect homeowner's insurance rates?
Yes.

Couple hundred dollars a year increase. Nothing compared to the benefits.
by awval999
Sun Jun 10, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1823

Re: House sale by owner - Problems & Pitfalls?

When we sell our house, we want to do the sale ourselves in conjunction with our lawyer rather than use a real estate agent (savings approx. $12K). I would appreciate comments by folks who did execute a 'sale by owner' and the problems / pitfalls they encountered. Thank you. Biggest pitfall is pric...
by awval999
Mon May 28, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 2090

Re: Using Air Miles and Paying Fees and Taxes

Because you are flying on British Airways and not American on the trans-Atlantic segment.
by awval999
Sat May 05, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 3194

Re: Can We Move To Oahu ?

Yes of course you have enough.

$100k/year in pension.

$1M house+furniture in cash.

$2.2M remaining. At 4% that’s another $80k/year.

So yes, you can live in Oahu with no debt and $180k/year in spending.
by awval999
Sat May 05, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5658

Re: What do you pay baby sitters?

Tell the babysitter/nanny they’ll be getting a w2 and they will walk away.
by awval999
Tue Apr 10, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 52
Views: 3113

Re: Student Loan Repayment Plan

He should stay on REPAYE until you two are married. If/when you two are married, then I would just live on just your income and have every dollar of his income go to the student loan. Refinance (you would have to co-sign, and I would recommend a post-nupital agreement) privately for ~4%% interest ra...
by awval999
Sat Mar 31, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 1384

Re: Personal Loan vs. Current Credit Card vs. New Credit Card

15% APR is only like 1.25% interest per month.

So if you charge $5000 in a month, and don't pay it off for 3 months you're only going to pay $63/month in interest until you pay it off.

That's chump change and I wouldn't worry about it past that. Enjoy your summer.
by awval999
Sat Mar 24, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Miami in early April
Replies: 4
Views: 621

Re: Miami in early April

Early April is hit or miss. We've been to Miami twice this time period last two years due to this is our anniversary week.

We went in 2016 and it was great. Ocean warm. Sunshine.
We went in 2017 and it was good. Several mostly cloudy days. Ocean wasn't easy to get into.
by awval999
Fri Mar 23, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1331

Re: Why can you "spend more" if you buy SPIA?

These are just made up numbers... but it's like this. $1,000,000 = $40,000/year via 4% rule, 50% of the time you end up with $2,000,000 at death 30% of the time you end up with $1,000,000 at death 10% of the time you end up with $500,000 at death 10% of the time you tread near zero near the end, hav...
by awval999
Fri Mar 23, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1331

Re: Why can you "spend more" if you buy SPIA?

Because the SPIA exhausts your retirement account. There is nothing left when you die. When you use the 4% rule, in the majority of cases, you "die" with more than you started with, sometimes with less, and a few you end with very little left. In an SPIA the insurance company pays you more than the ...
by awval999
Wed Mar 07, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4398

Re: Should I "get divorced" for tax purposes (PSLF)

For better, for worse, for richer, for poorer , in sickness and in health. How do you think this sounds to your wife, the teacher? Even if she says she supports this decision... she has been with you through pharmacy school and two years of difficult residency, long hours, when you've made almost no...
by awval999
Sat Mar 03, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 97
Views: 6972

Re: Best way to short the equity market

Shorting SPY won't bankrupt you. It's SPY. You can always get out.

What ruins lives is naked shorting (on margin no less) biotechs or something similar that can quickly gap up 2, 3 or 5 fold at any time.
by awval999
Sat Mar 03, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10844

Re: AmEx Delta Gold Not Honoring Bonus

The customer support person doesn't know for sure, but says I applied for the card a couple of years ago, which I did . I had the card a couple of months. I didn't get a miles bonus then. Moreover, there's nothing in the language of the application or terms/conditions that states you can't apply ag...
by awval999
Mon Feb 12, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lower Payroll Withholding - What are you doing with it?
Replies: 32
Views: 2994

Re: Lower Payroll Withholding - What are you doing with it?

Increasing amount into student loans.

Goal: Finish by December!
by awval999
Wed Feb 07, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 3433

Re: How to short TSLA?

JC565 wrote:
Wed Feb 07, 2018 9:43 pm
acanthurus wrote:
Wed Feb 07, 2018 8:51 pm
I'd probably buy deep in the money puts. No margin account required but you will need a lower level options account.
Doesnt that assume the stock will increase? The 2 examples i Found online both profited on rising stock.
That's a "call" option.

Call option is LONG
Put option is SHORT
by awval999
Mon Feb 05, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8542
Views: 1671060

Re: U.S. stocks in freefall

I mean it's just LOL hilarious. We are back at January 1st 2018 levels of valuation.

Stocks go up. Stocks go down. We have more to fall I'm sure. But 10 years, 20 years from now, this is just a blip.
by awval999
Mon Feb 05, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8542
Views: 1671060

Re: U.S. stocks in freefall

selters wrote:
Mon Feb 05, 2018 3:25 pm
Today will be the worst day ever for the Dow Jones index: https://en.wikipedia.org/wiki/List_of_l ... al_Average

But is it a really bad day?
But it isn't the worst day ever.
by awval999
Sat Dec 30, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 7190

Re: What is your threshold for paying down debt?

Yes, debt can be good. In college I took out student loans to earn my professional degree so I can make >$100k. When I graduated I bought a car and took out a car loan so I could get to work in a reliable car to make that $100k. But here's what I noticed in my adulthood.... People use the excuse of ...
by awval999
Wed Dec 27, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue paying off debt like I did in 2017?
Replies: 7
Views: 1843

Re: Should I continue paying off debt like I did in 2017?

It appears if you'd be debt free by the end of the year if you paid off an equal amount of debt as you did last year. I'd just race toward the finish line. You can look back and say, yes, I should of put my money in equities, but you just don't know. Stock market goes up, stock market goes down. But...
by awval999
Thu Dec 07, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 9565

Re: Mortgage as percentage of take-home pay

KlangFool---

Is rapid mortgage payoff (10 years instead of 30 years) considered savings?
by awval999
Wed Dec 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 9565

Re: Mortgage as percentage of take-home pay

Question for the board... Does the answer change if the mortgage is: 30 years? 15 years? 10 years? Is the shorter term more of a "forced savings"? Example. Boglehead Joe has a 30 year mortgage at 25% of take-home pay. Boglehead Jane has a 10 year mortgage at 34% of take-home pay. Who's the better bo...
by awval999
Sat Dec 02, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 6379

Re: How do I convince my employees to invest more?

Feel free to increase the match. Or have an investment rep (whatever provider you use) come in for an optional educational session.

But at the end of the day. It’s their money. They earned it. You cannot control what they do with it.

You can’t do much more than that.
by awval999
Sat Nov 11, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 2152

Re: Rapidly pay down student loans prior to house?

117,000$ in student loans at 7.2% is just so outrageous I just would pay them off immediately. Have you considered that? You already have a $30k emergency fund and are living with parents. So I really don’t know what an emergency would be anyway. I would then start saving for the next 2-3 years for ...
by awval999
Thu Nov 02, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 5607

Re: what % return do you use?

I have it ran with 2 projections:
1. 4% real
AND
2. 5% real
by awval999
Sun Oct 29, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Breaking point to get a new to newish car
Replies: 59
Views: 4489

Re: Breaking point to get a new to newish car

The breaking point for me, is that the car is done the moment it would leave me stranded on the highway (obviously blown tire excepted). You have a fancy BWM 335. So yes, it's going to need expensive servicing. However, a brand new 335 is what, $50k? So $1-2k here and there is nothing in the grand s...
by awval999
Wed Oct 25, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Financing with no Credit Score
Replies: 30
Views: 2226

Re: Mortgage Financing with no Credit Score

You are being denied for credit cards because your credit reports are frozen.
by awval999
Sat Oct 21, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 7171

Re: Paying for medical school for son?

He is not an only son. I also have a daughter who is three years younger. She has also expressed an interest in medical school. My intent has always been to help them get through school and start their careers debt free. What got me thinking about this is reading examples where massive medical scho...
by awval999
Wed Oct 18, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 5170

Re: Is a doctor's practice one of the safest and most profitable businesses?

Oh man. Can't wait for the responses on this. "So for doctors, high/constant demand (no matter the economic climate) + high payments from insurance companies per visit/procedure + high margin = one of the safest and most profitable businesses? Am I missing anything else here?" Just for starters, thi...
by awval999
Sun Oct 15, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 1
Views: 341

Re: Life Insurance

Don’t forget to account for Social Security survivors benefits.

You may find you don’t need the additional insurance.
by awval999
Thu Oct 12, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 53
Views: 4966

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

It appears you're a points hacker, so I'm going to tailor the recommendations that way. Let's start with Oahu. You asked for a contrast with Kauai. And Oahu it is. I personally love Oahu. I love the hustle and bustle of Waikiki. I love the fact that there is a Category 3 (12,000 pt/nt) Hyatt Place. ...
by awval999
Tue Oct 10, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: 401k Loan and Employer Match
Replies: 6
Views: 850

Re: 401k Loan and Employer Match

I have a 403b loan through Fidelity.

My plan allows a direct debit through my checking account (instead of withheld by paycheck).

I'm sorry about your family's medical issues. I hope everything turns out ok!
by awval999
Sat Oct 07, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment- Is refinancing a good option?
Replies: 2
Views: 512

Re: Student Loan Repayment- Is refinancing a good option?

Pharmacist here.

Nice story.

Down to my last 15 payments.

Cannot wait for this struggle to be over.

(You need to remove your referral links tho)
by awval999
Tue Oct 03, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 56
Views: 6148

Re: Soliciting personal recommendations for a Barcelona trip

We're days away from going. The news is not indicative of a serene environment as bloodshed in the streets of Barcelona is prevalent. If they start shooting at each other in earnest, then I will cancel and lose the money spent on the trip as there is no reason to endanger my family needlessly. Here...
by awval999
Thu Sep 28, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 18628

Re: Why do you LBYM? Why do you save and invest?

I save/pay off debt because it is freeing. No matter how well I can do my job, I'm at risk until I'm debt-free and financially independent. I truthfully do not understand how others can borrow for a larger house, nicer car, max out the credit card. To me you are selling yourself further into servitu...
by awval999
Fri Sep 22, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 6579

Re: $3.6 million at age 25 - need investment advice

I mean, you don't really need to ever work again.

The dividend yield of the S&P500 is greater than your current annual income.
You can live forever off of that.
by awval999
Tue Sep 19, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 31054

Re: Calling out the not so rich bogleheads

Age 31 / DW 30 Student Loans ($61k) Investible assets $185k Net Worth $208k (includes home equity and car equity (you better damn believe I'm including paid off car equity, I love those threads!) The student loans are the bane of our existence. Can't wait to free up that cash flow. We dump $2500/mon...
by awval999
Wed Sep 13, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How much should a part-time RN make in Denver?
Replies: 9
Views: 1495

Re: How much should a part-time RN make in Denver?

Go to salary.com and put in zipcode.

It will at least give you a reasonable range.
by awval999
Thu Sep 07, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 5526

Re: Should I do 20 or 25 Year Term Life Insurance?

I would do 20.

I got a 30 year, but got it at 27. Mine costs $60/month for same $1M. Those are good rates.