Search found 7031 matches

by TomatoTomahto
Sat Feb 17, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Suggestion: Get the heir to contribute to your new home. It may be his inheritance. We did this gambit. Got heir to liquidate a high flyer stock and take LTCG, which derisked his portfolio. (Actually it was a repayment in-kind when we helped him to purchase his home. Not a great deal of $. comment ...
by TomatoTomahto
Sat Feb 17, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 126
Views: 5304

Re: How to get child's skin in the game for college?

Great story for parents of soon-to-be college students to read. Thank you for sharing! Not exactly the most fun story to tell, but thought there were some good lessons in it that should be heard. Your feedback that it was useful means a lot. Thanks! It was very useful. The love and faith your paren...
by TomatoTomahto
Sat Feb 17, 2018 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

I was in a similar situation. I called Vanguard, converted my taxable accounts to marginable taxable accounts. That took a day to process. I then called VG and they immediately approved a loan on the phone and ACHed cash to my checking account. You can borrow up to 50% of your accounts' value. The ...
by TomatoTomahto
Fri Feb 16, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

p.s. Any house where you can have chickens is a good house :-) Be sure you have them well protected against predators. If you don't know already, read up on how vulnerable they can be to determined wildlife. My SIL has chickens in CT. We will have a very secure chicken coop, with lots of local advi...
by TomatoTomahto
Fri Feb 16, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

mouses wrote:
Fri Feb 16, 2018 9:11 pm
Tomato, would the owners of the new house let you rent it for a year?
I doubt it, especially as they were anxious for us to remove the mortgage contingency from our offer. They have already moved into a new residence.

In any case, we are doing an all cash closing in a couple of weeks.
by TomatoTomahto
Fri Feb 16, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

When it's time to retire and downsize, it's likely we'd want to buy something first before putting our house on the market. We'd also want to buy the next property outright, without a mortgage. Reading about your experience, I plan to stockpile cash ahead of time in order to avoid having to liquida...
by TomatoTomahto
Fri Feb 16, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

@itstoomuch, your username describes my feelings about the mortgage underwriting perfectly. Ditto the hoops we'd have to jump through in order to get an "investment backed loan."
by TomatoTomahto
Fri Feb 16, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 126
Views: 5304

Re: How to get child's skin in the game for college?

I find all this skin in the game for college education rather sad. IF you can afford paying 100%. You were happy to support her 100% for the past 17 years; why baulk at the final year in college? At college it becomes clearer as to what turns her on, hopefully not drugs. She will pay full attention...
by TomatoTomahto
Fri Feb 16, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Summer Camps in Maine
Replies: 6
Views: 559

Re: Summer Camps in Maine

Two of my kids went to summer camp in Maine; another went in Vermont. They all liked it well enough, but one of my kids loved it. He made good friends there that he visited with during the school year, learned to sail, swam to his heart’s content, and was sad when the session came to an end. Kamp Ko...
by TomatoTomahto
Thu Feb 15, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Why sell stock that is painful due to capital gains, especially if the goal is to sell house and pay off loan? This seems like an ideal situation for portfolio lending where your portfolio is the collateral for the loan. That’s not a bad idea. Our mutual funds are all at Vanguard, which I don’t thi...
by TomatoTomahto
Thu Feb 15, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Deploying bonus
Replies: 5
Views: 632

Re: Deploying bonus

whodidntante wrote:
Thu Feb 15, 2018 7:57 pm
That seems awfully complicated. If you have money, invest it.
Sometimes you will lump sum invest at a local high, sometimes you will invest at a local low. Over the long run, don’t sweat it.
by TomatoTomahto
Thu Feb 15, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

I didn't see this mentioned and it's stupid but what about cash out refinancing the old place (based on OLD pay stubs :-) ) and use it to buy part of new then dump..... It might cost less than the cap gains?? Rob, I considered that, but we don’t have a current approval for a loan on the old house. ...
by TomatoTomahto
Thu Feb 15, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Blame the difficulty to obtain financing on Dodd-Frank and the Ability to Repay and Qualified Mortgage Standards that were implemented. https://files.consumerfinance.gov/f/201301_cfpb_final-rule_ability-to-repay.pdf The last time we wanted a mortgage was 23 years ago. Things are very different now....
by TomatoTomahto
Thu Feb 15, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

MP173 wrote:
Thu Feb 15, 2018 5:50 pm
chickens and vegetables in a $2m house.

Sold!

Go for it.

Ed
I KNEW someone would understand! Did I mention the tractor?
by TomatoTomahto
Thu Feb 15, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Good Luck. Talk to your mortgage broker about a personal signature loan. Thanks, btenny. I’m sure my response to your thoughtful post above sounded like a “yeah, but” knee jerk response, but my wife and I read it and discussed it. Fwiw, if this particular house fell through, we’d probably drop back...
by TomatoTomahto
Thu Feb 15, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Why sell stock that is painful due to capital gains, especially if the goal is to sell house and pay off loan? This seems like an ideal situation for portfolio lending where your portfolio is the collateral for the loan. That’s not a bad idea. Our mutual funds are all at Vanguard, which I don’t thi...
by TomatoTomahto
Thu Feb 15, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Re the mortgage. The mortgage companies are just crazy funny about requiring steady monthly income STREAMS. They just do not care if you have the cash in the bank. They want a paycheck or annuity to prove you can afford the payment. This is double true for long term 15-30 year permanent loans. But ...
by TomatoTomahto
Thu Feb 15, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

Wow. I am kinda surprised you are moving. From your previous posts I thought you were at your current spot for the long count. I guess the new job must be fantastic for your wife and a good challenge. The new job is fantastic, and the new location is a win for me also. Our current spot was good for...
by TomatoTomahto
Thu Feb 15, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

How about renting in the new location for a year? This should remove all the hoops the mortgage provider is putting in front of you. While you think the job offer requirements are unreasonable, I've worked for a company who hired someone, they relocated, a downsize and layoff hit the company and th...
by TomatoTomahto
Thu Feb 15, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

I would second the recommendation to consider renting for a few months. New jobs, even for highly compensated professionals, don't always work out. You may not want to buy a 2 million dollar home without dipping your toes in the location and job for a few months. That's the reason for the 3 paystub...
by TomatoTomahto
Thu Feb 15, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

I have two chains of thought going here: 1) How many mortgage companies did you meet with? Surely they cannot all be as rigid? We only went through one, because the relocation agreement reimburses for closing costs if you use their recommended company. We'd probably eventually get reimbursed if we ...
by TomatoTomahto
Thu Feb 15, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Re: Rant about relocation mortgage assistance, and a question

What profession are you in? Some have relaxed lending guidelines. Also, some private banks have special lines of credit, based on your assets custodied with them. I’m a retired Stay At Home Dad (the nest emptied). My wife works in tech/banking. We have avoided any private banking relationships. Mor...
by TomatoTomahto
Thu Feb 15, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2797

Rant about relocation mortgage assistance, and a question

We are relocating for my wife's new job, and the new company will cover some amount of relocation expenses. We will be purchasing our new home before selling our old home, so we thought that a mortgage would be helpful to bridge the gap. Round numbers, we're buying a $2M home and selling a home for ...
by TomatoTomahto
Wed Feb 14, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3567

Re: C-Suite etiquette advise needed

Many years ago when I was young, I declined alcohol at a corporate event. Afterwards, my VP asked if I had a drinking problem. I replied "No, I just don't believe in it". He said "Good for you. Don't let anyone talk you into it". Interesting aspect of this story: you had a good VP there, but it als...
by TomatoTomahto
Wed Feb 14, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3567

Re: C-Suite etiquette advise needed

Although I don't drink alcohol I am perfectly happy to socialize with those who do, provided they aren't sloppy drunk. As a work social event, I doubt anyone would take the chance on getting drunk. One never knows on that point. If the senior leadership are alcoholics then all bets could be off. I ...
by TomatoTomahto
Mon Feb 12, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

UPDATE: We found out from the seller that the main house has Ethernet ports in most of the rooms, so we are ready to go. We appreciate his foresight.
by TomatoTomahto
Mon Feb 12, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

I still would recommend you try the Google/Orbi mesh setup first, at least for the main house. You can then experiment with placement of the hub points and see if it actually reaches your further houses (meaning you could just add hubs to get internet there.) Is there anything that would preclude u...
by TomatoTomahto
Sun Feb 11, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

Just get a 3-pack Google wifi, or 3-pack Orbi, or even one of the other current-gen mesh network units. Just using this setup alone has a 90% chance of covering all of your needs completely, the first time out. So, you’re suggesting one unit per building? The two other buildings are pretty far from...
by TomatoTomahto
Sun Feb 11, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

@Epsilon Delta, let me quote myself Cost is less of a consideration than getting trouble-free performance; I'm old, cranky, and lazy, and I don't want to deal with debugging and figuring it out. I thank you in advance for keeping it simple and, hopefully, finding a solution that I can just order on ...
by TomatoTomahto
Sun Feb 11, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover my Traditional IRA into my 401k so I can make backdoor Roth contributions?
Replies: 10
Views: 782

Re: Should I rollover my Traditional IRA into my 401k so I can make backdoor Roth contributions?

Roll it over; do a backdoor soon. Do a backdoor every year. You’ll be surprised how quickly it adds up.
by TomatoTomahto
Sun Feb 11, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

Toons, I'm trying to avoid using them as "range extenders," with the resulting speed degradation. Your house is 1500 SF; I don't know precisely what my new one is, but it's at least 5000SF, with a lot of fieldstone walls. I don't think that range extenders will do it. 5000SF is not that much bigger...
by TomatoTomahto
Sun Feb 11, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

http://community.arubanetworks.com/t5/Wireless-Water-Cooler/RF-Attenuation-Values-of-typical-Building-Materials/td-p/298939 << According to the CWNA Official Study Guide, attenuation of building materials is as follows for 2.4 GHz: Foundation wall | -15 dB Brick, concrete, concrete blocks | -12 dB ...
by TomatoTomahto
Sun Feb 11, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

Net gear Orbi will let you use Ethernet as a backhaul. I tried it out for a month other using some Apple airports with no difference, but my place is waaaay smaller (1600sqft). Blue man I'm leaning to the eero 2nd generation (not Beacons), which also can use Ethernet as a backhaul. They are pricey,...
by TomatoTomahto
Sun Feb 11, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

You plug em in,configure with the app on the phone :happy https://www.youtube.com/watch?v=z7PPYNs5Xao Toons, I'm trying to avoid using them as "range extenders," with the resulting speed degradation. Your house is 1500 SF; I don't know precisely what my new one is, but it's at least 5000SF, with a ...
by TomatoTomahto
Sun Feb 11, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

Wired connection always works much better than wireless. So, before we try wireless mesh and so on, use Airport Extreme on wired connection should be your first choice. I have no doubt that wired is better than wireless; that's why I installed home runs during my previous renovation at my existing ...
by TomatoTomahto
Sun Feb 11, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Re: Mesh wifi solution sought for new house

OP, If you have plenty of Ethernet connections, put an Airport extreme at a few extra locations is the best solution. I have 2 Ethernet connections for each bedroom of my house. And, 2 Ethernet connections to each wall of the main living room. KlangFool During the home inspection, I tried to look f...
by TomatoTomahto
Sun Feb 11, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 45
Views: 2102

Mesh wifi solution sought for new house

I haven't found this discussed. If it has, apologies. We are purchasing a new home. It is not huge, but I think it will present some challenges. There are three buildings: the main house, a garage with an exercise and art studio above it, and a cabana by the pool (yes, I know, the fruits of a Bogleh...
by TomatoTomahto
Sat Feb 10, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Unwise for High-Earner to Contribute to Traditional IRA?
Replies: 20
Views: 1599

Re: Unwise for High-Earner to Contribute to Traditional IRA?

Random Poster wrote:
Sat Feb 10, 2018 4:50 pm
Thanks to all who have responded.
Yup, similar taxable situation to yours, and my tIRA gets in the way of a rIRA. My wife, though, has been backdooring $5.5 (or $6.5), and it eventually adds up.
by TomatoTomahto
Sat Feb 10, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2971

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

When I saw the title question, I was prepared to say “No, AA doesn’t matter.” Then I saw how young you are. I personally have a Liability Matching Portfolio (LMP) with around 30x residual living expenses (I.e., post SS and pensions) in fixed income. However, that’s more than our life expectancy, but...
by TomatoTomahto
Sat Feb 10, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Help Sell FIRE to spouse
Replies: 31
Views: 3513

Re: Help Sell FIRE to spouse

I have a simple exercise that can help to save you money on useless FAs. Ask your wife the following questions: 1) If we had $2M, would you feel comfortable? If no: 2) If we had $20M, would you feel comfortable? If no: 3) If we had $200B, would you feel comfortable? If no: Retire yourself and let y...
by TomatoTomahto
Fri Feb 09, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37355

Re: To take or not to take delivery of Tesla 3

240U wrote:
Fri Feb 09, 2018 11:16 am
Just to be clear. The Model 3 doesn't have leather interior. Tesla uses no leather in any of its cars.
They have have some leather in their steering wheels, although you can request a vegan steering wheel.
by TomatoTomahto
Fri Feb 09, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Started first big investment 2 weeks ago - Sell quick?
Replies: 29
Views: 1837

Re: Started first big investment 2 weeks ago - Sell quick?

I appreciate the support to leave it there. It was just a huge investment for us and our first, so it is incredibility sad to see it losing so much so fast right now! Since we aren't investing monthly (yet) and it was a lump sum, it is hard to see it fall so fast! I know it is impossible to pick th...
by TomatoTomahto
Mon Feb 05, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5574
Views: 1260651

Re: U.S. stocks in freefall

People need to stop wishing for a crash. At least out loud. Even if YOU don't get hurt, many people will. I've been thinking the exact same thing when I've been reading this thread for the past week. EXACTLY. Some of us are literally on the verge of retirement. Others are IN retirement. People like...
by TomatoTomahto
Mon Feb 05, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5574
Views: 1260651

Re: U.S. stocks in freefall

How are you guys breaking the news to loved ones? "Honey, according to Livesoft's rule, we can buy another Tesla!" Well... do you have 3 Tesla in your garage now? :mrgreen: I might have to look at a Bentley Bentayga :oops: Just kidding, I'm a committed electric car fan, although my wife isn't. :D
by TomatoTomahto
Mon Feb 05, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 7789

Re: "Bitcoin is my potential pension"

I have an ex brother-in-law who undoubtedly got in on this, as he's missed very few get-rich-quick schemes. Thankfully, I no longer have to worry about how it will affect my sister.
by TomatoTomahto
Sat Feb 03, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46371

Re: Today was a Really Bad Day

Opportunity to hope certain know nothing narcissistic loudmouths would shut up if only briefly, perhaps. Hope springs eternal. I’m not the loudmouth you were referring to, but I have my report of know nothing good fortune to report (based on the theory that God loves fools and drunkards, and I don’...
by TomatoTomahto
Fri Feb 02, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5574
Views: 1260651

Re: U.S. stocks in freefall

RRAAYY3 wrote:
Fri Feb 02, 2018 5:00 pm
How are you guys breaking the news to loved ones?
"Honey, according to Livesoft's rule, we can buy another Tesla!"
by TomatoTomahto
Fri Feb 02, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: Kinda laughing, kinda mad - Vanguard Personal Investor
Replies: 45
Views: 7869

Re: Kinda laughing, kinda mad - Vanguard Personal Investor

KSActuary wrote:
Wed Jan 31, 2018 12:08 am
There is a reason that Vanguard has difficulty keeping large accounts over time.
I don’t know. Our Vanguard accounts have been 7 digit accounts for ages, and are in greater danger of becoming 8 digit accounts than being closed. That said, not a PAS user.
by TomatoTomahto
Mon Jan 29, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Applying for a different position internally.
Replies: 5
Views: 458

Re: Applying for a different position internally.

I have seen mostly mature and supportive reactions to an employee reaching out to managers outside their group. In one case, the reaction was punitive and nasty.

Know your manager’s personality.
by TomatoTomahto
Sat Jan 27, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Value investing (BRK-B) inappropriate for retirement income?
Replies: 21
Views: 1531

Re: Value investing (BRK-B) inappropriate for retirement income?

CyclingDuo wrote:
Sat Jan 27, 2018 7:59 am
David Jay wrote:
Fri Jan 26, 2018 11:46 pm
BRK-B has been underperforming the market for several years.
Surely you jest?
Tbh, I don’t track BRK.A carefully, but if it’s crappy performance, I’ll take it. We only have one share left. LTCG would be painful, so we probably will never sell the lonely share.