Search found 45 matches

by NYC34
Fri Sep 18, 2020 9:04 am
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2974

Re: "Refinance" mortgage for a family member @ 2%?

I have a sister who is single with a very stable, but low paying job. She is 55 and has $125k left on her mortgage (condo) at 4.25%. She is incredibly responsible, never missing a payment. I advise her financially (not that I'm an expert) and recently talked to her about refinancing her mortgage. I...
by NYC34
Wed Jan 23, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Adjust my W-4?
Replies: 4
Views: 545

Re: Adjust my W-4?

The past couple of years, I've had the same phenomenon happen when I start putting my information into Turbo Tax: I input my W-2 and it says I'm owed a refund. Yay! Then I put my wife's info in there and it says we owe money. Boo! Out of curiousity, I delete everything and start over, but I input m...
by NYC34
Fri Jan 18, 2019 10:35 pm
Forum: Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 5647

Re: Never thought it would happen to me - life changing injury

The important question is how are you doing? Do you have a good support system? It sounds like you will be financially ok, but please make sure you have an emotional support system.
by NYC34
Mon Dec 03, 2018 11:15 am
Forum: Personal Investments
Topic: Roth - 60 day tax free rollover
Replies: 8
Views: 631

Re: Roth - 60 day tax free rollover

Thank you all for your help. This is the first of such withdrawl's I have ever done.
by NYC34
Mon Dec 03, 2018 10:12 am
Forum: Personal Investments
Topic: Roth - 60 day tax free rollover
Replies: 8
Views: 631

Roth - 60 day tax free rollover

Hello, I think I may have gotten myself in a pickle. I have a Vanguard Roth IRA with approximately $50,XXX in it, approximately half contributions and half investment returns. I was under the impression I could withdrawl my contribution money, without tax implications if I put that money back in to ...
by NYC34
Thu Feb 23, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Honda: buy new or used?
Replies: 29
Views: 2652

Re: Honda: buy new or used?

I recently (Oct 2016) bought a 2013 EX-L 4 door Civic with 40,000k miles in perfect condition for $12,000. I am very happy with my purchase. The car seems brand new to me and was happy to save about $10,000 off the price of the vehicle new.
by NYC34
Thu Oct 06, 2016 9:19 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade my beat up car?
Replies: 69
Views: 7828

Re: Should I upgrade my beat up car?

Here's some safety upgrades that don't involve buying a new car: 1. Keep your eyes on the road. 2. Keep your distance from other vehicles. 3. Keep a reasonable speed. 4. Keep night time driving to a minimum. 5. Stop completely at stop signs and red lights. The biggest safety feature is the driver. ...
by NYC34
Wed Oct 05, 2016 9:03 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade my beat up car?
Replies: 69
Views: 7828

Re: Should I upgrade my beat up car?

I just went through this myself. I drove a 2000 compact car that was falling apart, promoted in to management (boss commented on old car) and finally purchased a 2013 Civic EX-L with 40,000 miles. I paid $12,000. I am very happy with my decision. I feel like I am driving a brand new car and am proud...
by NYC34
Mon Mar 21, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: Trip to Yellowstone / Grand Teton area.
Replies: 27
Views: 3246

Re: Trip to Yellowstone / Grand Teton area.

You didn't say where you're coming from but if from the east, you could take I70 to Denver then up I25 and cut over to Estes Park and Rocky Mountain National Park do some hiking up Bear/Emerald Lake (no bear problems as Yellowstone), camp in Moraine or Aspengale (spelling) campsites. Yep its a popu...
by NYC34
Thu Jan 14, 2016 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with extremely delayed medical billing
Replies: 44
Views: 10937

Re: Dealing with extremely delayed medical billing

You all do realize that ICD 10 was in use in over 26 countries before the USA adopted it in 2015? The USA did not just recently create the system for its own use...
by NYC34
Wed Jan 13, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help - want to pay "cash" for a car
Replies: 68
Views: 8599

Re: Help - want to pay "cash" for a car

They may call your bank to verify that you have the necessary funds in your bank account.
by NYC34
Wed Dec 16, 2015 9:27 am
Forum: Personal Investments
Topic: Portfolio for Employment Uncertainty - 24 Y/O
Replies: 25
Views: 2556

Re: Portfolio for Employment Uncertainty - 24 Y/O

Let me guess, you play DFS for a living? Props to you for being so successful to this point.
by NYC34
Thu Sep 10, 2015 3:03 pm
Forum: Personal Consumer Issues
Topic: I am running out of excuses to not move out
Replies: 71
Views: 10304

Re: I am running out of excuses to not move out

Move out. Make it work. I do not understand this boards fascination with living at home. Yes, what you have done is admirable and put yourself in a great financial position going forward, but... There is a lot to learn about living independently and free from family. And in my personal opinion, that...
by NYC34
Wed Apr 29, 2015 10:32 am
Forum: Personal Consumer Issues
Topic: Backyard patio - should I invest?
Replies: 39
Views: 9678

Re: Backyard patio - should I invest?

I would definitely look for other estimates.

I am getting 300' of concrete poured in my back yard next week for $1500.
by NYC34
Wed Mar 25, 2015 1:44 pm
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 6099

Re: Painting Cabinets and Trim

That sounds about right. It is a ton of work and most painters charge $30+/hour for quality work. It will take multiple coats and lots of prep work.
by NYC34
Fri Mar 06, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 13594

Re: Does My Daughter Need A Prenup?

No. But I am 100% against prenups.
by NYC34
Thu Mar 05, 2015 5:25 pm
Forum: Personal Consumer Issues
Topic: Real estate frustration in finding a new home
Replies: 33
Views: 3907

Re: Real estate frustration in finding a new home

I bought a house in the front range about 5 months ago. I put in an offer nearly 6% over the asking price the first day it was on the market and I was one of 5 offers, all over the asking price, I was able to purchase the property. That is the reality of the current housing market in Colorado.
by NYC34
Thu Feb 26, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 17415

Re: physicians [Frustrated, considering early retirement]

Reasonable living expenses are $15k/year for a student, not $35k-$58k unless you want to try to live the doctor lifestyle in med school. So an adult who has already graduated from college and most likely has a family (spouse and children) is supposed to live off $15k/year? All of your posts in this...
by NYC34
Wed Feb 25, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 17415

Re: physicians [Frustrated, considering early retirement]

You are being extremely dramatic. There are not many professions that are the same today, as they were 13 years ago. That is called life. Did those professions require the highest level of competition, 100 hour work weeks, 4 years of college, 4 years of medical school, 4 years of residency training...
by NYC34
Wed Feb 25, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 17415

Re: physicians [Frustrated, considering early retirement]

I have the exact same response to this as I do to former military telling me that I have no idea what it is like because I never did it: you made that choice, knowing full well what it entailed. You'll also hear the same story from those in law, banking, etc. I spent a similar amount of time in gra...
by NYC34
Tue Feb 24, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 25488

Re: How much did you have saved up for retirement at age 30?

$104k in retirement accounts at nearly 29 years of age (current)

Hopefully around $125k by the age of 30.

My wife and I have both spent our 20's going to grad school and 2014 is the first year we have reported a 6 figure income on our taxes.

We are doing ok.
by NYC34
Sat Dec 20, 2014 12:31 pm
Forum: Personal Investments
Topic: Stop contributing to 401k to pay off CC
Replies: 21
Views: 2141

Re: Stop contributing to 401k to pay off CC

1. 0% CC transfer.
2. Up 401k contribution to take advantage of all free contributions from employer.
3. Pay off CC debt.
by NYC34
Tue Dec 16, 2014 1:00 pm
Forum: Investing - Theory, News & General
Topic: Any negative outlooks on healthcare industry's future
Replies: 49
Views: 5562

Re: Any negative outlooks on healthcare industry's future

Plenty of negative possibilities in healthcare.

The industry is dictated by the payer (insurance) and who knows what the structure of our system will be in a year, let alone 30.
by NYC34
Mon Aug 18, 2014 1:21 pm
Forum: Personal Consumer Issues
Topic: Are hospitals allowed to do this? [Costs quoted vs. actual]
Replies: 98
Views: 9787

Re: Are hospitals allowed to do this? [Costs quoted vs. actu

So I finally got a call back from the hospital, but it didn't really provide great information. The first lady I talked to basically described the situation as "The $1200 estimate was based off of one biopsy (or one pathology as they refer to it), but the doctor did 4 biopsies because he felt it wa...
by NYC34
Mon Aug 18, 2014 1:19 pm
Forum: Personal Consumer Issues
Topic: Options on Watching NFL Games
Replies: 22
Views: 3322

Re: Options on Watching NFL Games

Your local bar. Drink what's on special. It'll be cheaper than any sports package. +1 That's why sports bars were invented :sharebeer . This is what we do! We have to make sure we can watch the Patriots (him), the Jets (me), and the Redskins (our best friends). We are sometimes at the bar for a LON...
by NYC34
Thu Aug 14, 2014 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Car Value/Income
Replies: 22
Views: 2554

Re: Car Value/Income

I think you should have phrased this as "Car Purchase Price/Annual Income" right? I was actually more interested in current value. Value to whom? One person's value is another person's junk... Here is the definition of the word that seems to be tripping you up, ignore the question if it is giving y...
by NYC34
Thu Aug 14, 2014 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Car Value/Income
Replies: 22
Views: 2554

Re: Car Value/Income

Crimsontide wrote:I think you should have phrased this as "Car Purchase Price/Annual Income" right?

I was actually more interested in current value.
by NYC34
Thu Aug 14, 2014 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Car Value/Income
Replies: 22
Views: 2554

Car Value/Income

I am curious what other boglehead's primary car / annual income % is?

If you are retired (nice work :happy ), use your last "working" years income.
by NYC34
Wed Jul 30, 2014 3:32 pm
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1854

Re: First time home buyer ?'s

We both have credit scores over 760. In regards to the Taxable account, it is slightly confusing and I am not exactly sure which numbers I need to use. There is this info from Vanguard: 09/01/2012 - 07/29/2014 Beginning balance $0 Purchases & withdrawals $15,045.97 Investment returns $6,590.91 Howev...
by NYC34
Wed Jul 30, 2014 1:58 pm
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1854

Re: First time home buyer ?'s

One last question, I have $22k in taxable investments that will be used for the down payment. I know I will have to pay taxes on them. They are with Vanguard and invested in Wellesley. I bought this fund in December 2013. To my knowledge, the Capital Gains taxes I pay on them will go down after one ...
by NYC34
Wed Jul 30, 2014 1:54 pm
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1854

Re: First time home buyer ?'s

Thank you all for your responses. Gross pay is about $10,500 per month. No debt at all. Student loans were only taken out in order to take advantage of a federal program to pay for grad school. We are planning on paying 20% down and am aware of PMI and therefore want nothing to do with it. It sounds...
by NYC34
Wed Jul 30, 2014 11:35 am
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1854

First time home buyer ?'s

Background: Mid 20's couple Take home monthly income of $7050 $50,000 savings for down payment and growing at $4k per month Looking to buy a house in the $300-350k range. 1. My wife and I both recently received significant raises ($20k/year and $10k/year), how many months should we wait before we ge...
by NYC34
Mon Jun 09, 2014 1:36 pm
Forum: Personal Consumer Issues
Topic: Addicted to saving?
Replies: 24
Views: 3640

Re: Addicted to saving?

I see nothing wrong with what you are explaining. The reality is you might have to work a few more years in life, but that will be worth it for you to experience and be around your family.
by NYC34
Wed Sep 04, 2013 9:49 am
Forum: Personal Investments
Topic: 401k + roth + roth + pension = enough?
Replies: 7
Views: 1392

Re: 401k + roth + roth + pension = enough?

MooseandBear wrote:Crake assumed you will be eligible for SS. Will you be?
I will be and working on my wife being eligible by working a 2nd job in the summers.
by NYC34
Tue Sep 03, 2013 4:09 pm
Forum: Personal Investments
Topic: 401k + roth + roth + pension = enough?
Replies: 7
Views: 1392

Re: 401k + roth + roth + pension = enough?

Thanks for the responses. So saving $30,000 for 35 more years "should" get me to retirement? The only reason I ask is because my wife and I have made a commitment to save, but it has prevented us from buying a house as of right now. We are ok with waiting to buy a house and starting a family. Our in...
by NYC34
Tue Sep 03, 2013 3:33 pm
Forum: Personal Investments
Topic: 401k + roth + roth + pension = enough?
Replies: 7
Views: 1392

401k + roth + roth + pension = enough?

In theory, should maxing a 401k, two roths and having a teachers pension be enough to retire around age 60 (give or take 35 more years of investing)? 27 year old married male, 401k and Roth's have been maxed the past 3 years. Mid cost of living city, using the boglehead 3-fund portfolio strategy. Th...
by NYC34
Fri Jul 19, 2013 9:13 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 94826

Re: What age did you reach 100K networth?

Age 27, it happened today.
by NYC34
Wed Feb 13, 2013 4:59 pm
Forum: Personal Consumer Issues
Topic: New Proposed Minimum Wage
Replies: 13
Views: 1495

Re: New Proposed Minimum Wage

Bad example...sorry. You are making it way too simple. In reality, the loaf's would increase in price by a few cents to offset the increase in wage.
by NYC34
Mon Aug 20, 2012 9:30 am
Forum: Personal Consumer Issues
Topic: Europe Trip Recommendations
Replies: 23
Views: 3971

Re: Europe Trip Recommendations

I would suggest doing Italy. It is easy to travel between cities and quick. And you would still have great weather in October (50's to 70's). Fly in and out of Rome. Spend at least 3 days in Rome (one day at Colsseum and Forum, one day at Vatican and one other day to see Pantheon and other iconic Ro...
by NYC34
Wed Aug 15, 2012 11:23 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

Re: What can I do better?

pingo wrote: 'Nuff said?
Just right,thanks. :sharebeer
by NYC34
Wed Aug 15, 2012 9:22 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

Re: What can I do better?

pingo wrote:I just edited/added a few things to my earlier post. Please re-read as I was a little more specific about portfolio alternatives.
Thanks Pingo for your advice and time. I have made some adjustments to my portfolio and am happy with the simplicity, but diversity going forwards.
by NYC34
Tue Aug 14, 2012 9:14 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

Re: What can I do better?

So I'm going to take a stab your portfolio. These are not recommendations (yet), rather an exploration of some options that I hope will help you consider an appropriate portfolio/asset allocation. Without worrying too much about accuracy, I did some quick arithmetic and determined that all current ...
by NYC34
Tue Aug 14, 2012 10:37 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

Re: What can I do better?

If someone told me to start saving now for a down payment on a house in 3-4 years I would go out on the risk spectrum somewhat and invest in Vanguard Short Term Investment Grade Bond fund ,buying consistently and reinvesting the dividends along the way VFSTX. https://personal.vanguard.com/us/funds/...
by NYC34
Tue Aug 14, 2012 9:46 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

Re: What can I do better?

I would check your numbers, I don't see how you get 75k and a 15 percent tax bracket, without kids. Standard deduction gets us down to 15% tax bracket. What's missing is a list of all available 401k funds with their tickers and expense ratios. Please update your first post with the information. 401...
by NYC34
Mon Aug 13, 2012 3:18 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3171

What can I do better?

I am new to investing and have been reading the message board for the last three months or so and it has been a great resource, however, I still have a few questions and want to get confirmation that my current investing situation is ok, or should I switch to the simple 3 fund portfolio. My situatio...