Search found 48 matches

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: 2805

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, ...
by yeledbed
Sun May 01, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions on getting my daughter started with investing
Replies: 16
Views: 1939

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: 5334

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 qua...
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: 8279

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...
by yeledbed
Thu Jan 29, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Verizon FIOS Rate Renewal Increase
Replies: 18
Views: 16322

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: 5439

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: 23222

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: 2719

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: 5541

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: 2843

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: 979

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 com...
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: 7763

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: Investing - Help with Personal Investments
Topic: How do I tell how I am doing? (and general advice)
Replies: 25
Views: 3747

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 possible...
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: 2487

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: Investing - Help with Personal Investments
Topic: How do I tell how I am doing? (and general advice)
Replies: 25
Views: 3747

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: 1510

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: 6204

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: 5260

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: 29516

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: Investing - Help with Personal Investments
Topic: Poor couple looking for retirement IRA advice
Replies: 42
Views: 7727

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: 14357

Re: The perfect Boglehead car

Honda Fit +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 least 15 y...
by yeledbed
Mon Jan 21, 2013 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Girlfriend has $10k to invest
Replies: 16
Views: 2208

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: 14358

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: 3512

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: 3191

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: 2113

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 70...
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: 1165

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: 13700

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)&...
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: 2954

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 ha...
by yeledbed
Sun Aug 19, 2012 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: At what age did you start investing?
Replies: 87
Views: 11599

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: 6928

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: Investing - Help with Personal Investments
Topic: If you were a MEDICAL student...
Replies: 18
Views: 2393

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: Investing - Help with Personal Investments
Topic: Poll: When did you 1st learn about a Roth IRA?
Replies: 54
Views: 7961

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: 3397

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: 6162

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: 2644

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: 3238

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 i...
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: 7184

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...
by yeledbed
Sun Aug 05, 2012 12:45 am
Forum: Personal Consumer Issues
Topic: When is it ok to purchase recreational toys?
Replies: 66
Views: 11142

Re: When is it ok to purchase recreational toys?

Within reason the typical middle class American can afford to do anything they want to do, just not everything they want to do. +1 First you pay for your needs, then you prioritize your wants. It's all about choices. In my opinion, it sounds like you can afford the Harley and it will make you happy...
by yeledbed
Sun Aug 05, 2012 12:35 am
Forum: Forum Issues and Administration
Topic: Thank You Bogleheads
Replies: 11
Views: 2022

Re: Thank You Bogleheads

I will echo these sentiments. I'm a relative newbie to the forum, but have always been "a Saver." I have a lot to learn about investing, though. It's been wonderful to find a collection of like-minded people with so much experience and wisdom to impart. THANK YOU Bogleheads!
by yeledbed
Sun Aug 05, 2012 12:03 am
Forum: Personal Consumer Issues
Topic: Do you tip at self-serve restaurants?
Replies: 49
Views: 10668

Re: Do you tip at self-serve restaurants?

During college I worked as a server, including fine dining, at a diner, and at a banquet/conference center/hotel that also did upscale holiday and brunch buffets. Consequently, I tend to over-tip. I always tip 20% for adequate sit-down service and more for exceptional service. I give $3-5 for take-o...
by yeledbed
Thu Aug 02, 2012 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 85
Views: 5989

Re: Do you have disability insurance?

I have long-term disability insurance through (and paid for by) my employer: 70% income replacement in the event of disability. I have the option to buy additional coverage, but choose not to. 70% seems sufficient to me. Yes, but do you know how long it pays for? That 70% til age 67 sounds pretty g...
by yeledbed
Thu Aug 02, 2012 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer. Wifes debt & bankruptcy.
Replies: 26
Views: 3666

Re: First time home buyer. Wifes debt & bankruptcy.

You have no business buying a home yet; you're in debt, you have no savings, your income is relatively low (and possibly unstable), and, frankly, 680 is not a great credit score. Use the settlement money to pay off debt and start an emergency fund, while building your credit. You should aim for at l...
by yeledbed
Thu Aug 02, 2012 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes following income raise
Replies: 6
Views: 748

Re: Taxes following income raise

I've had a couple of job changes that increased my salary significantly (marginal rate by 1-2 brackets), and I have never owed extra taxes at year's end. Companies typically withhold taxes from each pay check based on your annualized salary and not what they have paid you so far that year. This meth...
by yeledbed
Wed Aug 01, 2012 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Customer loyalty punished by auto-insurance companies?
Replies: 27
Views: 3527

Re: Customer loyalty punished by auto-insurance companies?

I just switched my auto insurance to save over $150/six months. I had been with same company for 6 years without any huge increases, but I was driving a beat-up '96 Honda Civic and had minimal coverage. I purchased a new Honda Fit in March, upgraded to full coverage, and I was shocked how much addit...
by yeledbed
Tue Jul 31, 2012 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 85
Views: 5989

Re: Do you have disability insurance?

I have long-term disability insurance through (and paid for by) my employer: 70% income replacement in the event of disability. I have the option to buy additional coverage, but choose not to. 70% seems sufficient to me.
by yeledbed
Mon Apr 02, 2012 11:01 pm
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 9834

Re: [POLL] How many miles on your car?

1996 Honda Civic - 229k (original owner); needs about $1100- $1500 in repairs (oil leaks, timing belt/water pump, rear bushing, A/C, tune-up) and I'm leaning towards donating it just to get it out of my driveway.
Just purchased a new 2012 Honda Fit. 386 miles and loving it!
by yeledbed
Mon Apr 02, 2012 10:36 pm
Forum: Personal Consumer Issues
Topic: One newer vehicle vs. 2 older vehicles
Replies: 20
Views: 1434

Re: One newer vehicle vs. 2 older vehicles

I was in a similar situation 1 week ago, except my beloved 17 year-old Honda Civic with 228k miles needed about $1100 in repairs. I decided to donate the Civic and get a 2012 Honda Fit Sport, and I love it. There's an amazing amount of cargo space for such a small, economical car. I easily fit two b...