Search found 60 matches

by yeledbed
Sat May 04, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: House Hunting Duration: 10 Months Too Long?
Replies: 16
Views: 1847

Re: House Hunting Duration: 10 Months Too Long?

I agree with others that it's too early to engage mortgage lenders or a real estate agent. But you should attend open houses, watch the market activity (buyer's or seller's market? where are prices? how fast are homes selling? are they getting multiple offers?), research neighborhoods, and ensure yo...
by yeledbed
Sat May 04, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 4906

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

This makes me want to share my marriage story. We had been happily partnered for 12 years, with no plans for kids or marriage. I was actually fairly opposed to the concept of marriage, especially without kids. My partner suddenly grew so tired of his job, that he just couldn't take it anymore. He ne...
by yeledbed
Sat May 04, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell stock and trigger capital gains or spend my emergency fund?
Replies: 15
Views: 1728

Re: Should I sell stock and trigger capital gains or spend my emergency fund?

Thanks for the responses so far. Looks like it's 1-1-1, adding the new option of a HELOC. While I appreciate the suggestion, and it's probably a good one for someone else, I'm extremely debt averse and am actively working to pay off my mortgage early. It wouldn't make sense to aggressively pay down ...
by yeledbed
Sat May 04, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell stock and trigger capital gains or spend my emergency fund?
Replies: 15
Views: 1728

Should I sell stock and trigger capital gains or spend my emergency fund?

I finally have a specific question to pose to the wise members of this board. Thank you, in advance, for what I'm sure will be excellent advice. My husband and I just signed a contract to renovate our kitchen and install hardwood floors. The estimate is around $50k for 4-6 weeks duration. I'm torn a...
by yeledbed
Fri May 03, 2019 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Please Critique our Budget
Replies: 28
Views: 2151

Re: Please Critique our Budget

$1205/mo- Principal & Interest $95/mo- Extra mortgage principal $700/mo- Escrow (Orion 4.0% APY) $500/mo- His Roth IRA $500/mo- Her Roth IRA $500/mo- Car Replacement $450/mo- Emergency/sinking fund $375/mo- Wife $250/mo- Husband $1200/mo- Shopping <-- What's included in this? I don't see groceries,...
by yeledbed
Fri May 03, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2826

Re: Move to South Florida or Baltimore?

I don't know enough about South Florida to help you decide between the two locales, but if you choose Baltimore, count me as one more encouraging you to consider Columbia/Ellicott City/Howard County. Columbia is a planned community that consistently ranks in the top 10 of CNN's "Best Places to Live"...
by yeledbed
Wed May 01, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1 stage or 2 stage refinance?
Replies: 31
Views: 2070

Re: 1 stage or 2 stage refinance?

You say you're worth $1M, but that doesn't seem to add up. As you said, you have $1.1M in debt ($400k student loans, $600k mortgage, $100k in CC). $1M net worth implies you have assets totaling $2.1M. Subtracting the value of your property ($1.8M--are you sure about that value? where did it come fro...
by yeledbed
Mon Apr 29, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3041

Re: Earned income for 9 year old

Im not really seeing your guy's point. As far as i read the law, as long as they earn less than $6,350, nothing is needed other than a logbook . I also don't see an IRS agent having a problem with my daughter walking dogs and picking up poop for a few hours a week. My wife isn't issued a W-2 or a 1...
by yeledbed
Sun Apr 28, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 8265

Re: What are the cons of always being a one parent working household?

For parents of daughters, I think it is hard to raise young women who are driven to have a career when their mother (if it is the mother) stays at home. For sons, they grow up expecting a woman to take care of them. Obviously my story is anecdotal, but I'm the daughter of a SAHM. I love my mother a...
by yeledbed
Thu Apr 25, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: For those with years on me...Can I afford this home?
Replies: 70
Views: 4687

Re: For those with years on me...Can I afford this home?

Of course you can afford it. Between what you have in the bank and equity in your current home, you could pay cash for the new home. You'll have to decide if you'd rather be mortgage-free or have a six-figure emergency fund. If it were me, with taxable investments as large as you have, I'd probably ...
by yeledbed
Thu Apr 25, 2019 4:10 pm
Forum: Personal Consumer Issues
Topic: How much House should I Buy?
Replies: 51
Views: 4493

Re: How much House should I Buy?

If $300k is "reasonable" in your budget (payment, insurance, property taxes, etc), then put $200k down + closing costs on a $500k house in a top notch school district. If $300k makes you feel a bit uncomfortable, but $250k seems more doable, then put $50k more down or buy a $450k house. Repeat unti...
by yeledbed
Thu Apr 25, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do Joint Accounts Matter if Spouse Stays Home with the Kids?
Replies: 31
Views: 2328

Re: Do Joint Accounts Matter if Spouse Stays Home with the Kids?

If your spouse stays at home and earns no income, then it seems to me that a joint account would be necessary. Stay at home spouse is relying on the working spouse's income, but how can stay at home spouse spend that money if he/she doesn't have access to it? I guess you could split your income into...
by yeledbed
Wed Aug 24, 2016 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help us set our max home shopping budget....
Replies: 30
Views: 3095

Re: Help us set our max home shopping budget....

They say real estate is "location, location, location", and you can easily afford the better neighborhood. Buy there if it will make you happier. For perspective, two years ago I bought a house for $480k with nearly identical assets and just slightly higher than your (assumed, go-forward, one-person...
by yeledbed
Sun May 01, 2016 1:37 pm
Forum: Personal Investments
Topic: Suggestions on getting my daughter started with investing
Replies: 16
Views: 2296

Re: Suggestions on getting my daughter started with investing

Instead of investing in a taxable account, I suggest you help her establish a Roth IRA and fund it initially (if you can afford to). When I graduated from college, my mother opened and funded for me a Roth IRA, back when the maximum annual contribution was only $2000. Over the years, it's increased ...
by yeledbed
Mon Feb 15, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5847

Re: Jobs with Student Loan Forgiveness

PSLF is a real thing, but it sounds like your sister (and possibly several posters) may not fully understand the program. The requirement for forgiveness is not "10 years in public service"; it is "making 120 qualifying payments while employed full-time in public service". To qualify, a payment must...
by yeledbed
Thu Feb 12, 2015 10:51 pm
Forum: Personal Consumer Issues
Topic: Home Buying the Boglehead Way (1st Time Buyer)
Replies: 46
Views: 9048

Re: Home Buying the Boglehead Way (1st Time Buyer)

There are plenty of discount buyers agents here in WA. Since they're readily available, then a traditional buyers agent wouldn't be "free" to me, because I'd be forgoing like 10k for using one vs. a discount agent. I'd really like to use one but I'm a bit afraid because my local market is pretty ho...
by yeledbed
Thu Jan 29, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Verizon FIOS Rate Renewal Increase
Replies: 18
Views: 17517

Re: Verizon FIOS Rate Renewal Increase

czr wrote: I schedule a cancellation date, then have my spouse sign up for a new subscription online Interesting idea, but don't they go by the address on the account? Remember that people move in and out of houses all the time, so address is not necessarily a reliable way to confirm that the custo...
by yeledbed
Thu Jan 29, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Mortgage company is denying my PMI termination request
Replies: 28
Views: 6664

Re: HELP! Mortgage company is denying my PMI termination req

Mudpuppy's advice is dead-on. You need to make your request in writing and it should clearly state that you are requesting PMI cancellation because the LTV is less than 80% based on the original value. For supporting evidence, you may want to include the original appraisal, current loan balance, cal...
by yeledbed
Wed Jan 21, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 136
Views: 25397

Re: What age did you hit $100,000?

I've been tracking net worth since age 29. Coincidentally, it was the same month as I turned 30 that I crossed the $100k threshold. I agree with others that the first $100k was definitely the hardest! I think it took five years of saving to get there, while more recent $100k increments have been hit...
by yeledbed
Sun Jan 11, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 3273

Re: Can my employer open an HSA account for me without me?

Is your employer going to contribute to your HSA?

If yes, then there had to be an account established in order to contribute. If you're not happy with the account or custodian, I think you could always move it later.
by yeledbed
Wed Aug 06, 2014 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 35
Views: 6168

Re: Has anyone bought a home with Redfin?

I closed in July on my first home and used Redfin. I was happy with the experience. As Sscritic noted, you will work with a team of agents and office staff. You can select (or be assigned) one agent, but that's not always the same person who takes you to view homes or helps you write your offer. Eve...
by yeledbed
Fri Jul 25, 2014 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating fees with a real estate agent?
Replies: 14
Views: 2993

Re: negotiating fees with a real estate agent?

I don't know about listing a home with Redfin, but I just bought a home using Redfin (in Northern VA) and was very pleased with the experience. Sure, I had to find listings on my own (no big deal with Redfin's automatic search/email feature) and I didn't always work with the same agent, but I was ne...
by yeledbed
Sun Jan 12, 2014 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase
Replies: 12
Views: 1084

Re: Home Purchase

My situation (age, portfolio, house-hunting in HCOLA) is nearly identical to yours. I plan to keep my DTI under 30% even though less conservative individuals in my life swear I can "afford more." So 22% seems very reasonable to me. The only thing that gives me pause in your case is the complete depl...
by yeledbed
Sun Jan 12, 2014 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 9914

Re: Good/ enjoy math, but dislike programming: College major

I was compelled to reply because this sounds a bit like me. The difference is that I actually enjoy programming, but didn't want to be a software engineer. I started college as a liberal arts major (psychology) but after one year missed math so much, that I changed my major to computer science. I en...
by yeledbed
Wed Apr 17, 2013 11:01 pm
Forum: Personal Investments
Topic: How do I tell how I am doing? (and general advice)
Replies: 25
Views: 3967

Re: How do I tell how I am doing? (and general advice)

Wait... mid-six figures? You mean around 500K? That seems a bit crazy for age 33... or did you mean around 150K? :) Well, since you asked, yes, I meant around 500k. But, my goal is early retirement so I save aggressively. I was not implying that you should accumulate like I do, only that it's possi...
by yeledbed
Wed Apr 17, 2013 1:25 am
Forum: Personal Consumer Issues
Topic: Anyone tried Linux on an all-in-one computer
Replies: 12
Views: 2724

Re: Anyone tried Linux on an all-in-one computer

I'm not familiar with Windows 8 (and any limiting factors it might have about OS installations), but I did buy a laptop pre-installed with Windows 7 on which I immediately installed Ubuntu. I partitioned the hard disk and maintained Windows on one partition, and have Ubuntu Linux on the other. When ...
by yeledbed
Wed Apr 17, 2013 12:55 am
Forum: Personal Investments
Topic: How do I tell how I am doing? (and general advice)
Replies: 25
Views: 3967

Re: How do I tell how I am doing? (and general advice)ll tax

First of all, you're doing great. You have more than I did at age 28; now, at age 33, my portfolio is mid-six-figures. You're well on your way to that or more. Just keep saving, investing, maxing tax advantaged space and you're set. Second, in my experience Mint does a terrible job tracking investme...
by yeledbed
Sat Feb 16, 2013 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA woes - over 42% tax. Why not to front load
Replies: 4
Views: 1559

Re: Roth IRA woes - over 42% tax. Why not to front load

You're looking at this the wrong way. Instead of focusing on the taxes, consider what would have happened had you not made the contribution at all. You would have had $0 earnings. Instead, you earned $445 and paid $190, for a net profit of $255. Sounds like a win to me.
by yeledbed
Sat Feb 16, 2013 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for retirement vs Home Down payment?
Replies: 16
Views: 6936

Re: Saving for retirement vs Home Down payment?

I was in a similar situation as you. I was saving a lot of my after tax salary for a down payment. It bugged me that for each dollar of this savings, I was paying between 25-40% in combined taxes. I decided to contribute as much as I could to my 401k and take a loan when the time came to purchase a...
by yeledbed
Thu Feb 14, 2013 1:11 am
Forum: Personal Consumer Issues
Topic: Can a Frugal Boglehead date and marry a non Boglehead?
Replies: 34
Views: 5499

Re: Can a Frugal Boglehead date and marry a non Boglehead?

Of course you can date and get married... and then you can get divorced. Best of luck to you! :happy
by yeledbed
Tue Feb 12, 2013 1:06 am
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 31256

Re: What % of your income are you saving for retirement?

Around 40-50%, age 33. I max my 401(k) and back door Roth and throw another $30-40k in taxable. My goal is to at least semi-retire by 45. Having no kids and relatively cheap rent (in a high cost area with high salaries) makes this easier for me than others. The key is I've always saved my raises ins...
by yeledbed
Mon Feb 11, 2013 9:30 pm
Forum: Personal Investments
Topic: Poor couple looking for retirement IRA advice
Replies: 42
Views: 8230

Re: Poor couple looking for retirement IRA advice

First of all, congratulations getting yourselves out of debt. You've worked hard thus far, so keep it up! The magic AGI number is $34,500. If you contribute $1196 to a Traditional IRA for 2012 , you can subtract that from your 2012 AGI and get the 50% Saver's Credit, which will get you most of that ...
by yeledbed
Tue Feb 05, 2013 12:41 am
Forum: Personal Consumer Issues
Topic: The perfect Boglehead car
Replies: 92
Views: 15331

Re: The perfect Boglehead car

Honda Fit :happy +1! Fun to drive, surprisingly roomy interior (two bicycles + car camping equipment + backpacking equipment + fishing gear + luggage for one week for two people easily fit in the back with the seats down), Honda quality all for well under 20k new. I'm hoping to keep mine for at lea...
by yeledbed
Mon Jan 21, 2013 4:26 pm
Forum: Personal Investments
Topic: Girlfriend has $10k to invest
Replies: 16
Views: 2286

Re: Girlfriend has $10k to invest

While it's admirable that you want to be helpful, it's your girlfriend's money. She needs to do the research, determine her appropriate investment plan and ultimately own the decision about what to do with her hard-saved money. As a 33-year old woman who was once in a position similar to your girlfr...
by yeledbed
Tue Jan 08, 2013 1:44 am
Forum: Personal Consumer Issues
Topic: do you use off-brand contact lens solution?
Replies: 21
Views: 18321

Re: do you use off-brand contact lens solution?

Until very recently I used (and loved) hydrogen peroxide solution for nearly 15 years. Multi-purpose solution just never agreed with my eyes; it made them photophobic (sensative to light.) It was more expensive than multi-purpose solution, but my Sunday newspaper frequently had $3 coupons for my bra...
by yeledbed
Tue Dec 11, 2012 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: First time homebuyer - 20% down vs 3% down
Replies: 43
Views: 3751

Re: First time homebuyer - 20% down vs 3% down

We are planning to do a 15 year mortgage IMO there's a disconnect between wanting a 15-year mortgage and putting only 3% or 5% or 10% down. Wanting a 15 year mortgage signifies that intellectually you know it's best to pay the loan off as quickly as possible; why not start with 20% down? Lender-pai...
by yeledbed
Sat Sep 08, 2012 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a single family home a good investment?
Replies: 16
Views: 3391

Re: Buying a single family home a good investment?

1. You should look at a single family home as a place to live, not an investment. 2. Your mortgage payment remains fixed unless of course you are stupid enough to apply for a variable in today's environment. Your rent will always go up. It might not every single year, but over time it will (and I a...
by yeledbed
Tue Sep 04, 2012 11:54 pm
Forum: Investing - Theory, News & General
Topic: Investors lack basic financial literacy, study finds
Replies: 15
Views: 2184

Re: Investors lack basic financial literacy, study finds

Did you take the financial literacy quiz attached to the story? One question about Roth IRAs has an incorrect answer (higher points indicate "better" answer): Which one of the following statements about Roth IRA accounts is NOT true? You are required to make annual withdrawals after age 70½. (5 ) Yo...
by yeledbed
Tue Sep 04, 2012 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cost-Efficient Options for Short-Term Rentals [1-3 Months]?
Replies: 10
Views: 1291

Re: Cost-Efficient Options for Short-Term Rentals [1-3 Month

Another option to consider is to search Craigslist and similar sites for sublets. Especially in large cities, there are often people who need to move but can't get out of their lease unless they find someone to take it over for a few months. Several years ago, I wanted to break my lease because I fo...
by yeledbed
Mon Aug 20, 2012 11:46 pm
Forum: Investing - Theory, News & General
Topic: When did you start to save a regular significant amount?
Replies: 81
Views: 14272

Re: When did you start to save a regular significant amount?

Last month, which is when I started my first regular full-time job. I'm regularly saving 15% of gross for retirement and another 10% for shorter-term goals. This is still FAR below what people on this board recommend, e.g. the many posts that say "you need to max out your Roth and your 401(k)". If ...
by yeledbed
Sun Aug 19, 2012 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: possible 30 yr fixed Mortgage, not repackaged as MBS?
Replies: 11
Views: 3090

Re: possible 30 yr fixed Mortgage, not repackaged as MBS?

BB&T services their own home loans. BB&T definitely sells mortgages to Freddie/Fannie. Freddie and Fannie don't service loans (collect payments, initiate foreclosure, etc.), so when a bank sells a loan to Freddie/Fannie, it usually continues to service the loan. I don't know if your loan has been s...
by yeledbed
Sun Aug 19, 2012 10:44 pm
Forum: Personal Investments
Topic: At what age did you start investing?
Replies: 87
Views: 12552

Re: At what age did you start investing?

My mother started a Roth for me when I graduated from college at age 22. I started putting my own money in by age 25, and I was maxing it (and my 401k) by age 28. I'm 33 now and have accumulated a respectable portfolio for someone my age. I'm kinda proud. :D
by yeledbed
Sat Aug 18, 2012 11:22 am
Forum: Personal Consumer Issues
Topic: Trip to Victoria & Vancouver Island - Suggestions to do??
Replies: 16
Views: 7017

Re: Trip to Victoria & Vancouver Island - Suggestions to do?

I did a similar trip about 6 years ago. We started in Seattle, drove to Vancouver, stayed there for a few days, then drove around Vancouver Island for four or five days. We went the first week of October, and there was rain for a day or two, but otherwise the weather was lovely. We enjoyed the aquar...
by yeledbed
Sat Aug 11, 2012 10:38 am
Forum: Personal Investments
Topic: If you were a MEDICAL student...
Replies: 18
Views: 2539

Re: If you were a student...

I'd pay my tuition instead of taking loans.
by yeledbed
Fri Aug 10, 2012 5:47 pm
Forum: Personal Investments
Topic: Poll: When did you 1st learn about a Roth IRA?
Replies: 54
Views: 8204

Re: Poll: When did you 1st learn about a Roth IRA?

In 2001, my very wise mother set up a Roth for me and put in $2000 as a college graduation present. That's how I learned, and I have been investing ever since.
by yeledbed
Thu Aug 09, 2012 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready (enough) to buy a house?
Replies: 29
Views: 3517

Re: Are we ready (enough) to buy a house?

OP - Why do you want to buy a house? What is wrong with renting? Is the only reason you want to buy a house because you feel like you should?
by yeledbed
Thu Aug 09, 2012 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Post-Spending Regret
Replies: 64
Views: 6421

Re: Post-Spending Regret

Frankly, I don't like to spend money -- but I can get unhealthy about it. I won't have kids because I have no desire to raise a family, and frankly I don't want to spend money on kids clothes, schooling, college, etc. I refuse to have a wedding because I think it's a massive waste, an opportunity f...
by yeledbed
Tue Aug 07, 2012 11:09 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattresses?
Replies: 17
Views: 2719

Re: Memory Foam Mattresses?

I purchased a lower-end queen-sized Tempurpedic mattress five years ago for around $1500. I love it! I sleep on my stomach and am a well-endowed woman, so regular mattresses put a lot of pressure on my chest. This is not only uncomfortable, but also presses up my upper body just enough to arch my lo...
by yeledbed
Tue Aug 07, 2012 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any need for high school student to build credit?
Replies: 36
Views: 3950

Re: Any need for high school student to build credit?

"Need?" - No. But, I think it's okay if: 1) She has expressed interest in having a credit card; 2) She has demonstrated the ability to manage credit appropriately. You should guide her through the application process, but she should be responsible for applying for the card, not you, even if it's sec...
by yeledbed
Tue Aug 07, 2012 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: What is the worst job you have ever had?
Replies: 87
Views: 7414

Re: What is the worst job you have ever had?

During one college winter break, I spent two weeks doing seasonal holiday work at a spiral-cut ham store. Customers told me what size of ham they wanted, and I'd fetch one from the cooler and unwrap the foil to reveal the ham for the customer's approval. People usually found something wrong with the...