Search found 94 matches

by edawg
Sat Aug 05, 2017 10:54 pm
Forum: Personal Consumer Issues
Topic: Help me pick a car
Replies: 54
Views: 5428

Re: Help me pick a car

To the OP, if you are really a Boglehead, the best deal is a gently used Prius V (wagon). It's been a top selling car in Japan for families , but has lower resale value in the US because it's too practical... We had one with 2 older kids, 2 dogs and all the stuff that goes with and could take family...
by edawg
Sun Dec 27, 2015 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Aging Parents Care Scenarios
Replies: 24
Views: 3368

Re: Aging Parents Care Scenarios

To the OP... I was sole caregiver for my divorced father who had steadily worsening health issues for 20 years AFTER his first small stroke, then 3 years of Assisted Living. If Mom's health isn't declining, I echo others comments along the lines of "Do nothing, don't "patronize" yourself into thinki...
by edawg
Fri Dec 25, 2015 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with 2016 Plan (payoff debt or keep doing what I'm doing)
Replies: 16
Views: 1814

Re: Help with 2016 Plan (payoff debt or keep doing what I'm doing)

@Jetpack, You did a nice job layout out a situation that echos paying off the non-mortgage debt. Every person has their own "emergency" fund definition and tolerance for surprises in their life. I'm assuming there's no other consumer debt in your situation with the following advice (car debt is just...
by edawg
Thu Nov 05, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help ~ To Payoff Mortgage or Not To Payoff Mortgage
Replies: 9
Views: 1318

Re: Help ~ To Payoff Mortgage or Not To Payoff Mortgage

FRS, It's difficult to give good advice without the whole picture, but instead of asking for personal details, here's a few thoughts from someone with reasonably high net worth and 25+ years of investing/mortgage/income investing experience. If you're reasonably close to your husband's age of 70, it...
by edawg
Mon Nov 02, 2015 9:21 am
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 15782

Re: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)

@DieHarder, The process of car shopping is both stimulating and subjective. But I empathize with your situation being similar situation (mid-40s, college bearing down, DW, feelings of "deserving" a bit of luxury for hard work, etc.). So sticking to the car decision, I don't want to add to the analys...
by edawg
Wed Sep 30, 2015 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: How much of a $1 million windfall to use to buy a home?
Replies: 26
Views: 4163

Re: How much of a $1 million windfall to use to buy a home?

cclark, After a similar windfall and "move up" situation, the bigger house and better neighborhood are meaningless. After 5 years of trying hard to bond with our new neighborhood in a nice golf course community where we joined the club, etc., we miss our friends from the old neighborhood even though...
by edawg
Tue Sep 01, 2015 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance suggestion needed from the Maths wizards :)
Replies: 17
Views: 2318

Re: Refinance suggestion needed from the Maths wizards :)

wingz, From paying off 2 mortgages early on 2 different homes, here's some unusual advice... 1. Any refi lender is scared of refi'ing your situation. $150K is borderline "too small" for a traditional 30 year mortgage since it's fairly easy for the debtor with resources such as you have to get it dow...
by edawg
Fri Jun 26, 2015 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $200,000.
Replies: 7
Views: 2379

Re: What to do with $200,000.

dchopperking, At 51 with the level of savings and lack of financial comfort indicated (which is perfectly OK as I lived this), first thing is eliminate ALL your debts. Then put the money remaining in CD ladders of increments of your living expenses for each year for 3 years worth (lets rates increas...
by edawg
Sat Mar 28, 2015 9:17 pm
Forum: Personal Consumer Issues
Topic: New Furnace & A/C Unit
Replies: 37
Views: 7497

Re: New Furnace & A/C Unit

We had friends who bought a highly efficient Carrier system that was "the next generation" of cooling/heat pump systems. THey gave us their 3 year old Lennox air conditioner compressor and evaporator which I summarily had installed for $600. Over the next 4 years, the "highly efficient" Carrier syst...
by edawg
Sat Mar 28, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: cash out refinance vs home equity loan for large purchases
Replies: 8
Views: 1698

Re: cash out refinance vs home equity loan for large purchas

Pocket Cruiser, There is no best, good or even bad loan. As you'd expect on a Boglehead forum, I'm afraid the answer is simply save to pay cash for lifestyle toys. I borrowed money for a boat and cars in the past and learned that the interest rates on loans paled in comparison to the incidental expe...
by edawg
Thu Mar 19, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: how much mortgage would you be comfortable with?
Replies: 43
Views: 8416

Re: how much mortgage would you be comfortable with?

Jeff D, A comment from thewhitecoatinvestor.com site comes to mind... "Debt never sleeps...". With one more year of focused effort, you could kill the loan debt and increase your down payment while renting. You avoid paying interest twice basically on studen loan debt and mortgage debt and once the ...
by edawg
Thu Mar 19, 2015 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 4386

Re: Lowest income at which able to Max 401k and IRA

fatlever, In the last year, I've switched my cashflow over $2K per month favorably (and climbing) by killing car debt, refactoring my living expenses, increasing my charitable donations and pushing up my passive income from both this site and mrmoneymustache.com. All this in same home, with wife and...
by edawg
Thu Feb 05, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with house sale money?
Replies: 9
Views: 1082

Re: What to do with house sale money?

edwardmatt83, I'm about 15 years ahead of you and net worth is on track for early retirement so my advice above all is resist lifestyle creep. Sounds like you're thinking about it already. Check out mrmoneymustache.com if you haven't already for the best advice I've seen on increasing the savings ma...
by edawg
Sat Dec 27, 2014 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Option to get a Coverdell "unstuck" from a broker...
Replies: 2
Views: 632

Option to get a Coverdell "unstuck" from a broker...

Made a bad move trusting the broker/advisor a family member had used "for years" to move a small existing Coverdell account to their firm... In short, this broker has done nothing to manage the account the entire time, yet the same broker now wants over $1000 to liquidate the individual securities i...
by edawg
Wed Oct 15, 2014 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: need advice for bond fund in taxable low income high assets
Replies: 16
Views: 1881

Re: need advice for bond fund in taxable low income high as

I'm not an advisor, but have a reasonable portfolio and 10+ years experience with taxable account income generation (both good experience and bad which I treasure) Check symbols MHI and JMF for relatively good tax exempt income from relatively diverse sources (muni's vs. MLPs). And check JRS as a RE...
by edawg
Sat Sep 20, 2014 1:03 pm
Forum: Personal Consumer Issues
Topic: Acura RDX - test drove it again and it's about off my list
Replies: 58
Views: 12721

Re: Acura RDX - test drove it again and it's about off my li

To the OP, I too found the RDX lacking in handling and it's overall content paled compared to competitors' similar (and lower) class of vehicles. You can spend months reading car sites and opinions on forums, so I will give you the surprising winner of a VERY thorough search I did in July across the...
by edawg
Sat Sep 06, 2014 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 5572

Re: Drawing down a windfall...

Tarkus, My grandfather's story from the 1930s sounds very much like yours. In his case, he lived very well during the Depression years pulling down $30K plus incentives (400K+ in today's dollars). And they had the house in New York city... and paid for 3 kids to go to the finest prep schools. And va...
by edawg
Sat Nov 10, 2012 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage @ 2.875% or buying I-bond or other bond
Replies: 18
Views: 2790

Re: Paying off mortgage @ 2.875% or buying I-bond or other b

Thank you for all your replies! I've read some discussions on this topic before I got a mortgage myself. Then I've been thinking all the time about whether or not to send another big check to the mortgage company. I chose to pay only 20% at the closing (about 7-8 weeks ago), so I'll have more time ...
by edawg
Sat Nov 10, 2012 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Laid off-Health Insurance Needed
Replies: 83
Views: 5595

Re: Laid off-Health Insurance Needed

Not a health insurance suggestion, but along these lines... Do you have a Flexible Spending Account and if so, is it fully paid up? Disregard the info below if not... The HR department at your old employer should be able to tell you if you could "max out" on that and use it to pay for self-insurance...
by edawg
Fri Oct 19, 2012 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Convert 401k to Roth or not?
Replies: 13
Views: 1232

Re: Convert 401k to Roth or not?

To minimize the amount subject to 25% marginal rate, do the conversion in 2 different tax years. Either from current IRA or move half to a rollover elsewhere first.
by edawg
Thu Oct 18, 2012 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help breaking out to reach income goal...
Replies: 9
Views: 1176

Re: Help breaking out to reach income goal...

Grt2bOutdoors, Most helpful comments! Indeed, I agree the risk level is too high. Of these investments, I'll likely reduce the MHI muni fund given a high leverage %age and recently inflated price for income here and interest rate risk. Also individual securities FTE France Telecom, KO and SWY will d...
by edawg
Wed Oct 17, 2012 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help breaking out to reach income goal...
Replies: 9
Views: 1176

Help breaking out to reach income goal...

I feel a bit foolish for asking this, but am trying to reach a big goal (to me) of $1K per month in passive income (pre-tax) to reach a peace of mind goal. I have $59K current market value invested across the following with the following monthly income, basis and net monthly returns (being reinveste...
by edawg
Sun Jul 29, 2012 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding on what to cut from our budget?
Replies: 33
Views: 6043

Re: Deciding on what to cut from our budget?

Resurrecting this thread to thank the original contributors by showing following results on our budget at home. SAVED MONTHLY $77 Mortgage refi (zero cost to us) $51 Cellular Plan trimming (found our carrier had graciously "added" data service to 2 of our lines; in the process found plans for plain ...
by edawg
Thu Jul 19, 2012 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help i have saved about 65,000 in the last three years
Replies: 25
Views: 5455

Re: Help i have saved about 65,000 in the last three years

To the OP, every dollar is like a soldier who either works for you the rest of your life (paying you interest) or who dies in vain in someone else's cash register (that interest is gone forever). Agree with you on the house... Pay off the house and stop putting that money in the bank's cash register...
by edawg
Tue Jul 17, 2012 6:17 pm
Forum: Personal Consumer Issues
Topic: central air systems
Replies: 30
Views: 3615

Re: central air systems

In general, Trane makes a good, reasonably priced, long-lived unit for reasonable cost. Carrier tends to be a bit higher tech and pricier/more finicky to work on (based on several years of neighbors comments about their systems). Not sure of Lennox recent products, but older gear was rock solid. Bew...
by edawg
Sat Jul 14, 2012 6:12 am
Forum: Personal Finance (Not Investing)
Topic: How many times have you refinanced?
Replies: 27
Views: 2667

Re: How many times have you refinanced?

Well, if you count our original mortgage for our new house, we will have had 3 mortgages in the past year. Original mortgage with the sale was 7/1 ARM at 3.99, then a refi to 7/1 ARM @3.25 ~4 months later (both due to my poor shopping for first loan using a banker that my realtor recommended and dro...
by edawg
Thu Jul 12, 2012 7:27 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1068
Views: 264020

Re: Best watch for around $5,000?

None are the best for $5000. I'm no bleeding heart, but seriously, children die of hunger and exposure in America every day and vanity causes some people to buy $5,000 watches? Put $50 into a Timex and put $4550 into programs to help children and single mothers in distress. That experience will pay ...
by edawg
Thu Jul 12, 2012 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Another Refi or HEL question
Replies: 7
Views: 597

Re: Another Refi or HEL question

1. On their website is states the maximum LVT for a condominium is 70%. Not sure what this means? Would this affect me? A: This *should* mean the loan amount can only be equal to 70% of the appraised value of the condo. 2. Are there prepayment penalties involved with this type of loan? A: Generally ...
by edawg
Fri Jun 08, 2012 9:12 pm
Forum: Personal Consumer Issues
Topic: Power Washers - hire or diy?
Replies: 13
Views: 3212

Re: Power Washers - hire or diy?

Just paid $250 for a pro to do our entire (larger) 4-side-brick house including eaves, windows, porch and using the circular-scrubber-jet-head for the walkways and flagstone patio. I was already looking at $125 to rent the washer and scrubber-head alone. Plus the pro included the chemicals and clean...
by edawg
Fri Jun 08, 2012 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: How much house?
Replies: 15
Views: 2788

Re: How much house?

The size of the house should only be what the mother can afford on her salary because your SO seems to be trying to justify the $520K house to "look after mom" when it's actually just going to add risk to her future. The temptation to feel parent guilt is there I can feel from the posts/responses so...
by edawg
Sat Jun 02, 2012 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because it FEELS good?
Replies: 125
Views: 10618

Re: Pay off mortgage because it FEELS good?

So much has been said on this thread, here are some ideas from having previously paid off a home and having a new mortgage now... A key reason we're all reading/posting on this board is to focus our habits and resources to reach a point where we can be comfortable financially. Paying off a mortgage ...
by edawg
Sat May 26, 2012 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Invest or Pay off Mortgage?
Replies: 6
Views: 942

Re: Invest or Pay off Mortgage?

After 20+ years of investing, I assure you that the so called "advisor" who wanted to sell you an insurance policy with that $500 / month was not looking after your interests so don't walk... RUN! I've had that pitch on "using whole life as an investment" and it's simple wealth transfer from you to ...
by edawg
Mon May 21, 2012 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners & Auto insurance: Amica or USAA?
Replies: 8
Views: 4309

Re: Homeowners & Auto insurance: Amica or USAA?

I've had both Amica and USAA with recent experience with both... USAA wins hands down. Amica tends to have higher rates in my state and try to "upsell" to full auto/home/life though it's also nice to receive dividend (refund) checks and they do have excellent service. USAA auto and especially home r...
by edawg
Wed May 16, 2012 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Recently married, seeking advice on finances
Replies: 20
Views: 1723

Re: Recently married, seeking advice on finances

Ron Blue's "Mastering Your Money" or Dave Ramsey's books on marital budgeting/financial "thinking" that will assure years of financial stability (which is 1/2 the foundation for marital harmony)... Being honest with each other that we all want "stuff" when what matters is "people" is vital. The othe...
by edawg
Wed May 16, 2012 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Selecting a financial advisor for a fairly large portfolio
Replies: 33
Views: 4426

Re: Selecting a financial advisor for a fairly large portfol

Ditto the 3 (or 4) fund portfolio. Adding TIPS as the 4th option at your tax bracket will be a good bet. At $15-20M, my bet though is some of that will be venture capital for the next adventure. I would put the funds that will keep you "set for life" to the side in either a revocable trust or other ...
by edawg
Mon May 14, 2012 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Parents ill and aging, have no retirement, any suggestions?
Replies: 36
Views: 6441

Re: Parents ill and aging, have no retirement, any suggestio

vectorizer, I'd suggest a metropolitan county's Senior Services department for the names of good service providers and most importantly the senior support groups that meet to share information. Local intel is the key for in-home and for institutional care. medicare.gov has good intel on good nursing...
by edawg
Sun May 13, 2012 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Parents ill and aging, have no retirement, any suggestions?
Replies: 36
Views: 6441

Re: Parents ill and aging, have no retirement, any suggestio

23 year veteran caregiver and son of a wills/estate planning atty here and some thoughts from the front lines (I am not a professional, but the experience below is hard-won)... He has to get some relief for caring for her. If he quits, you are on the hook for both of their care (if you're worried an...
by edawg
Thu May 10, 2012 8:14 pm
Forum: Personal Consumer Issues
Topic: Mortgage help!
Replies: 13
Views: 1850

Re: Mortgage help!

Earlier this week, I heard of a mortgage relief program that Wells is part of for folks under water. Essentially, you don't have to short sale, but can refi and "forgive" some portion of the principal balance. Now, that sounds like wonderful corporate compassion, but my bet is they will still ding y...
by edawg
Sun May 06, 2012 9:36 am
Forum: Investing - Help with Personal Investments
Topic: 25 -- trust fund just came in -- need help investing
Replies: 24
Views: 3473

Re: 25 -- trust fund just came in -- need help investing

Wonderful advice here and please, please treat every dollar in the trust as a soldier to work for you the rest of your life (to honor the loved one who left it for you whether you liked the idea/them for it). She will "encourage" children in less than 5 years (before she's 30). Trust me on this. I'd...
by edawg
Sun May 06, 2012 8:49 am
Forum: Personal Consumer Issues
Topic: Leasing a car: How and when would a boglehead do it?
Replies: 34
Views: 3054

Re: Leasing a car: How and when would a boglehead do it?

Never, ever, no way, no how, for forever should you lease (if your goal is to be frugal). Smartest approach is to have budgeted a set amount each month to create a "car fund" that has grown enough to be a source of full or partial payments (from dividends and/or use of principal in that account as l...
by edawg
Sat May 05, 2012 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Advice wanted on how to spend/save
Replies: 23
Views: 2362

Re: Advice wanted on how to spend/save

First of all, blessings. You have more on your plate than most, so enjoy the good times and the challenges together... Read Ron Blue's "Mastering Your Money" or scan Dave Ramsey's website to find ways to increase your monthly cash margin and save for the trailer and other non-reimbursed medical expe...
by edawg
Fri May 04, 2012 8:54 pm
Forum: Personal Consumer Issues
Topic: Toyota Highlander overkill for 2 people?
Replies: 52
Views: 7314

Re: Toyota Highlander overkill for 2 people?

Touche! Simply imagine $40 being handed to you and placed into your wallet each time you fill up the "v" while carrying all the gear a "mid-sized" SUV can carry...

The styling will look better every day I promise. :sharebeer
by edawg
Fri May 04, 2012 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Not your regular retirement questions
Replies: 58
Views: 7714

Re: Not your regular retirement questions

To the OP... I offer 2 generations of advice that you won't like but that's sincerely offered... My grandfather did very, very well during the Great Depression years (earned over $30K per year in 1930 which was major $ in those days)... It was all gone by the time he married my grandmother (2nd wife...
by edawg
Fri May 04, 2012 8:17 pm
Forum: Personal Consumer Issues
Topic: Toyota Highlander overkill for 2 people?
Replies: 52
Views: 7314

Re: Toyota Highlander overkill for 2 people?

Every week I fill up my 6cyl Honda Pilot 2WD with $70 worth of regular unleaded, I want my wife's Prius V wagon (that has backup camera, nicer driving characterstics, more space and all in all gets 47MPG+ average since we've had it (the computer actually says 49, but it's a tad optimistic so I calcu...
by edawg
Fri May 04, 2012 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed at Job - recommendations
Replies: 23
Views: 3456

Re: Stressed at Job - recommendations

IT operations Manager here and will pass along some lessons learned from running 7X24 support teams... 1. Talk it out. Stress builds from holding in fear, agression or whatever's wrong with the project. If your boss is part of the problem, develop a good mentor who you can talk to for perspective. D...
by edawg
Wed May 02, 2012 7:54 pm
Forum: Investing - Theory, News & General
Topic: What is your current, largest unrealized gain?
Replies: 17
Views: 1475

Re: What is your current, largest unrealized gain?

1,337% in KO (too bad it was a gift of just 26 shares purchased in the 60's)
by edawg
Tue May 01, 2012 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Retired now for one hour 35 minutes!
Replies: 31
Views: 4502

Re: Retired now for one hour 35 minutes!

Congratulations! Everyone is jealous, though I wonder how we should all be thinking about what to do after crossing that finish line...

Just curious, how did you plan for your life after retirement (outside the financial aspects)?
by edawg
Sun Apr 29, 2012 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: The ole' question--to pay off the mortgage or not.
Replies: 42
Views: 3523

Re: The ole' question--to pay off the mortgage or not.

To the OP... Option 1 is pay it off "mostly" and invest only what you can afford to lose... At your income level, mortgage interest deduction is probably the least of your worries, but obviously having too much house is worrying/nagging at you. And worrying is expensive in this lifetime. In a simila...
by edawg
Sat Apr 21, 2012 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home with cash
Replies: 11
Views: 1889

Re: Buying a home with cash

The home purchase "pitfalls" are the same in terms of having to do your due diligence on the survey, title, inspections and negotiation with the seller on pre-sale conditions... The financial pitfalls are simply you are assuming ALL the financial risk since you're 100% invested in the property on da...
by edawg
Wed Apr 18, 2012 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 18792

Re: Smartest Financial Move You Ever Made

1. Reading and really, really following the advice on Ron Blue's book "Mastering Your Money". Changed my monthly free cash flow from negative $500 per month to positive $2500 after selling toys, going to cash budgeting with the wife, paying off the house and balancing my investments between index gr...