Search found 1217 matches

by Leemiller
Sun Oct 20, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: vacation home
Replies: 13
Views: 1948

Re: vacation home

Try to answer some of your questions parents bought the house 1974ish (40k) one family member lives there full time 15 people use it at different times, mostly summer figure 5k per year and going up was summer home originally we are one of the smallest and least expensive houses on the lake, worth ...
by Leemiller
Sat Oct 19, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing $160k Law School Student Loan
Replies: 13
Views: 1300

Re: Refinancing $160k Law School Student Loan

Do the variable rates reset after 5 years or are they variable the whole time? If they reset, I might go for the 2% variable rate loan since this should be gone in five years. I’d beef up your emergency fund a bit as well.
by Leemiller
Fri Oct 18, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 95
Views: 4856

Re: Should I take the job in OKC or Orlando?

I would not live in OKC for the weather & the reasons the poster above listed. Using “oriental” as a term? Last time I heard/saw that was in a book describing how loaded that term is. I am that poster you mentioned. Just as a favor to satisfy my curiosity, what is loaded about "oriental" because I ...
by Leemiller
Fri Oct 18, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: When is private (elementary) school worth it?
Replies: 98
Views: 6814

Re: When is private (elementary) school worth it?

I know lots of brilliant people who have utterly failed as adults. I was bored as a kid and tested gifted. Enrichment is fine but as the parent of at least one gifted child my primary focus is social skills. For that reason I’d never home school.
by Leemiller
Fri Oct 18, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 95
Views: 4856

Re: Should I take the job in OKC or Orlando?

I would not live in OKC for the weather & the reasons the poster above listed. Using “oriental” as a term? Last time I heard/saw that was in a book describing how loaded that term is. I like Orlando and miss having a pool. One thing none mentioned is the Hispanic influence. Love that about the city ...
by Leemiller
Fri Oct 18, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 26
Views: 3259

Re: Handling a substantial salary increase - suggestions?

I’m a former Fed who received a large increase to go private (although not as large as yours!). One thing I’ve done is set aside a certain amount annually in a taxable account as a substitute for the guaranteed pension I gave up. In my household we’ve increased auto & vacation spending primarily, wi...
by Leemiller
Tue Oct 08, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 2713

Re: Should I sell or hold [house]?

I’m going to start off by saying I grew up in South Florida and often think about going back, but if I was you I’d sell. Your 401k & cash savings are low compared to what you have sunk into this house. If you sell, I think you’re going to feel a lot wealthier and be in better shape from an investmen...
by Leemiller
Mon Oct 07, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 8948

Re: Car price ratio to NW

I think we were too cheap for too long. We went from a 20 year-old or so Honda to a newer Mercedes. Shortly afterwards, we had a close call on the highway. My husband later told me we would have been in a wreck with the Honda. There is really no comparison in how the two vehicles drive, let alone th...
by Leemiller
Tue Sep 24, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: Is it out-of-style for business women to wear pantyhose?
Replies: 19
Views: 3944

Re: Is it out-of-style for business women to wear pantyhose?

I can’t remember the last time I was in a business meeting where women wore pantyhose. Certainly not someone under 35 or so.
by Leemiller
Mon Sep 23, 2019 6:31 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 8787

Re: Physical activity suggestions for a non athletic youth

My daughter and I are taking horseback riding together. It is fun and definitely a workout for your lower body in particular. For example, “posting” involves lifting your body up and down as the horse moves. Might be a nice thing to do together. Fencing is another sport I’d recommend for someone who...
by Leemiller
Fri Sep 20, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 83
Views: 10020

Re: Wealthfront now offers 2.51% APY

For this type of account you are completely depending on Wealthfront’s system of allocating funds between banks, which they do in-house, unlike most of the rest of the market. At least skim through the disclosures before you move your money.
by Leemiller
Fri Sep 20, 2019 7:49 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 83
Views: 10020

Re: Wealthfront now offers 2.51% APY

...I would expect a far faster, more convenient, and higher-tech transition than a medium sized local credit union or a scandal-ridden random bank going down... Why would you expect that? I personally experienced a medium sized local credit union going down. At that time we had the bulk of the fami...
by Leemiller
Fri Sep 20, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 83
Views: 10020

Re: Wealthfront now offers 2.51% APY

Hypothetically speaking what if Wealthfront were to go out of business? The program banks are probably not aware of who the money belongs to besides "Wealthfront Inc.". This means it would be up to the SIPC to figure out who owns the money and make sure it gets back to them. The program banks have ...
by Leemiller
Tue Sep 17, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers - How to ask for time to evaluate with my BH?
Replies: 24
Views: 2404

Re: Multiple job offers - How to ask for time to evaluate with my BH?

I would not say anything regarding the offer that was accepted until you have a new acceptance and start date. If you need to, push out your start date on your first offer. Doesn’t sound like you have much time here with the other two companies that may or may not hold the job for you. I would try n...
by Leemiller
Mon Sep 16, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Worth paying extra $50/yr for TIAA-CREF?
Replies: 11
Views: 619

Re: Term Life - Worth paying extra $50/yr for TIAA-CREF?

I didn’t know they were exiting the business, but can you explain what is attractive about paying more for insurance from a company that didn’t think they were making enough money in this business? I know they have a certain reputation but since they are exiting I’d go with Prudential.
by Leemiller
Fri Sep 13, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 7706

Re: Managing joint finances when one is a perfectionist

Sounds irresponsible/immature. My husband didn’t have as much background in asset allocation when we got married, but he was a saver and didn’t blow off credit card bills. Life only gets more complex, and you need a partner who is mature enough to do all the boring adult things we need to do without...
by Leemiller
Mon Sep 02, 2019 9:14 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9498

Re: Avoid grandson poverty

First, I wish to express my appreciation for all the various ideas and cautions regarding my search for an appropriate way to pass along some of my money to the grandchild generation. Second, I really enjoy the Bogleheads forum for the many varied perspectives which are shared freely. Obviously I s...
by Leemiller
Sun Sep 01, 2019 11:33 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9498

Re: Avoid grandson poverty

See an attorney and set up a trust. Perhaps include a clause that pays for graduate school. Many of the people in my neighborhood come from multi-generational wealth, and I expect we will set up trusts in the future for our children.
by Leemiller
Thu Aug 29, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2663

Re: Maui Honeymoon Daily Spending Budget

We tried some of the cheaper poke places, and I don’t think any of them were nearly as good as the sit down restaurants. For breakfast we got coffee from a local place and had banana bread and fresh bananas in our room from a local fruit market. There are some great restaurants in Maui in what I con...
by Leemiller
Tue Aug 27, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Billing Dispute/High Spender/WWYD - RESOLVED
Replies: 36
Views: 4177

Re: Credit Card Billing Dispute/High Spender/WWYD

I guess I’m not clear on why a bank should pay you back for your decision to prepay with a company that went bankrupt? Seems like this was your decision and your risk calculation. We think of this with every custom furniture and other purchases with significant lead time.
by Leemiller
Tue Aug 27, 2019 9:16 am
Forum: Personal Investments
Topic: Options for tax deferred contributions? High income spouse MFJ
Replies: 17
Views: 811

Re: Options for tax deferred contributions? High income spouse MFJ

Start your own business? I did have my own business and telecommuted doing govt contract work. Doesn't seem to be a lot of work in my field anymore. Which is why I haven't been employed in a while. Was thinking of getting a rental property down the road. Would allow me to have a company to manage i...
by Leemiller
Sun Aug 25, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8642

Re: Do you sacrifice to save?

No. Had an aunt died who scrimped to the point she didn’t fix her broken septic tank. Flushed using a bucket of water for years. Died pretty wealthy. As our income has increased we’ve upped our lifestyle somewhat while saving more. More likely than not we could be in a position in a few years where ...
by Leemiller
Sun Aug 25, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think about this $4M house idea?
Replies: 103
Views: 7678

Re: What do you think about this $4M house idea?

Model home in a neighborhood of empty lots is risky. One financial downturn and your developer could go bankrupt, dropping the value of your home and leaving you will empty lots for neighbors. I’m sure you think this will never happen in the part of CA you live in. Seems like you’re stretching yours...
by Leemiller
Thu Aug 22, 2019 12:09 am
Forum: Personal Consumer Issues
Topic: Best undergrad majors ahead of Law school?
Replies: 75
Views: 3750

Re: Best undergrad majors ahead of Law school?

I’m in-house, and I was a Humanities major. I’ve met a couple of Philosophy majors, it wasn’t a course if study that interested me. Hard no to forcing a STEM major on someone without the inclination or interest. In my opinion, there are many ways to make a living. Plenty of attorneys I know from my ...
by Leemiller
Fri Aug 16, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $400k house?
Replies: 44
Views: 4472

Re: Can we afford a $400k house?

+ 1 to not getting a one bathroom house. Yes, easily affordable and you should loosen your purse strings on this. I would be including to get a 3 bath, 4 bedroom house if kids were in the plan. So much more comfortable for house guests, and you can afford to spend more.
by Leemiller
Thu Aug 15, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Moving for better public schools?
Replies: 64
Views: 5187

Re: Moving for better public schools?

Two attorney household, similar age and net worth, also DC area with two kids, and we chose to move to a top public school district. FWIW, I’ve met many parents in our district who seemed to make the same choice. I think it makes a material difference in the peer group my children attend school with...
by Leemiller
Sat Aug 10, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: No pay increase but increase in responsibility
Replies: 110
Views: 8227

Re: No pay increase but increase in responsibility

I wanted to get some feedback on this subject. At a recent weekly meeting, it was alluded to that myself and another person will soon be asked to take on alot of our direct bosses responsibilities since we are incredibly busy and his workload is more than he can handle. I have a pretty good feeling...
by Leemiller
Wed Aug 07, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mentoring in the office - what to expect?
Replies: 25
Views: 2853

Re: Mentoring in the office - what to expect?

For the initial meeting I think you show enthusiasm for the company, appreciation for the mentoring, and keep your focus on how your mentor can help you add more value. If your mentor wants to pitch another division, they will. If you pitch it, it could be a turn off.
by Leemiller
Thu Aug 01, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3486

Re: Day care vs nanny for childcare

Without question having a nanny is a luxury, and we did it for both our kids. They come to your house, give the baby 1:1 attention, and are more flexible than a daycare. We did without some other luxuries to afford it. We also paid a competitive wage, so that helped with the quality of candidates. B...
by Leemiller
Tue Jul 16, 2019 8:01 pm
Forum: Personal Consumer Issues
Topic: Owners of RECENT Speed Queen washers ONLY
Replies: 13
Views: 2037

Re: Owners of RECENT Speed Queen washers ONLY

We got a washer dryer combo a couple of months ago. We got whichever model has the least electronics. So far, so good.
by Leemiller
Sat Jul 13, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 7593

Re: I think i can spend 30k on this vacation, but wife not sure

The most important thing to spend on is a private safari and nice accommodations. Do not go in a group. We saw a group stuck by the side of the road while someone was getting sick while we drove past to go see the leopard up ahead. Probably your big cost driver is the business class but you’ve saved...
by Leemiller
Wed Jul 10, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14492

Re: Staying the course is so hard (support thread)

You make $720k/yr..... Unless you want to quit in the next 5 years...buy the house and the Porsche. Seriously. What the heck is the point of working that hard? That's like asking if someone making $100k should buy a $150k house and a $15k car. Yes. Buy them both. This. The hand wringing over the pr...
by Leemiller
Wed Jul 10, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14492

Re: Staying the course is so hard (support thread)

If you have a decent start on your retirement savings I’d get the house and the Porsche. I’d get the house regardless, but we live in a HCOL and missed out in a one-of-a-kind old home that I still sometimes think about. We’ve updated our place, but it will never have the bones or beauty of the one t...
by Leemiller
Mon Jun 24, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Any in-house counsel on here? What’s your experience like?
Replies: 12
Views: 2875

Re: Any in-house counsel on here? What’s your experience like?

Thanks all for the helpful responses. How do folks feel about specialization (e.g. healthcare regulatory compliance) versus being more of an in-house generalist? For those that have specialized, were you concerned doing so could limit your career options? From what I can tell there are two paths to...
by Leemiller
Sat Jun 22, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any in-house counsel on here? What’s your experience like?
Replies: 12
Views: 2875

Re: Any in-house counsel on here? What’s your experience like?

I’m in-house and it sounds like some of your stress is a result of not being high up enough to have ownership and control without micromanagement. One of the best part of my jobs is I’m high up the food chain enough to rarely have to consult my manager on anything, nor am I second guessed. Sometimes...
by Leemiller
Thu Jun 13, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11728

Re: Retired at 35 and have no friends :(

In addition to the other recommendations, try being open to older friends. One of my best friends is over 15 years older than me. I’ve really learned a lot from her and appreciate our friendship very much.
by Leemiller
Mon Jun 03, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Invited to vacation house then surprised with expenses—what now?
Replies: 64
Views: 3932

Re: Invited to vacation house then surprised with expenses—what now?

Why not just be honest? Say you’re surprised, but perhaps also give something like a quarter of the cost to keep the peace. Unfortunately, from personal experience I’ve discovered that sometimes parents of adult children seem to claim they want a big family vacation but don’t seem to seek or value t...
by Leemiller
Tue May 28, 2019 8:02 am
Forum: Personal Consumer Issues
Topic: Floor pillows for kids?
Replies: 12
Views: 989

Re: Floor pillows for kids?

Our kids love the ones we’ve gotten from Yogibo. Heard about it from a neighbor. We are getting the larger version since the kids want to sit with us and read/iPad on them. Funny how many posts in before OP got a response to the initial question.
by Leemiller
Sun May 26, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5496

Re: Close to making an offer on a home

Thegame14 wrote:
Sun May 26, 2019 9:32 am
JoeRetire wrote:
Sat May 25, 2019 1:42 pm
Thegame14 wrote:
Sat May 25, 2019 10:59 am
I think the first house is going to get into a bidding war and likely go 20-25K over asking and I dont like the deception no matter how small...
What deception?
about the oil stain
You are going to have an extremely hard time buying a used home when this bothers you so much.
by Leemiller
Sun May 26, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5496

Re: Close to making an offer on a home

In hot housing markets, you don’t really have the luxury of spending so much time thinking about small issues and how much down you’re going to put. All your financing should be ready to do. The concern over 10k seems to indicate this house is out of your comfort zone financially, but maybe you’re j...
by Leemiller
Thu May 23, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1794

Re: Finance depreciating asset?

You’re forgetting about risk and taxes. I kept a car loan at 1.99% recently since I’m earning a bit over 2% in my savings account. Returns are a wash, but I prefer having even more liquidity. Seems to me that if you’re wealthy enough for a 100k car, this is a rounding error. Aren’t you also forgett...
by Leemiller
Thu May 23, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Do you think we can stop funding our 529 plan?
Replies: 41
Views: 3092

Re: Do you think we can stop funding our 529 plan?

I have a similar amount saved, with kids in a similar age range, and I feel behind in savings. Have you priced public schools in your area? Even that in my area is over 80k per child.
by Leemiller
Tue May 21, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Hiring a Nanny in the SF Bay Area
Replies: 5
Views: 1012

Re: Hiring a Nanny in the SF Bay Area

We found our current and previous nanny on care.com. I’m in a different HCOL area. There are state law requirements on many of your questions, time off, contractual provisions, insurance. I would expect CA to have stricter requirements than my jurisdiction. We use Breedlove/now under care.com for pa...
by Leemiller
Mon May 20, 2019 8:14 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1479

Re: FDIC Coverage Limits

With that amount of money you really need to be looking at brokered CDs. Leaving aside the deposit insurance, I would think you can get a better rate.
by Leemiller
Mon May 20, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Finance depreciating asset?
Replies: 22
Views: 1794

Re: Finance depreciating asset?

You’re forgetting about risk and taxes. I kept a car loan at 1.99% recently since I’m earning a bit over 2% in my savings account. Returns are a wash, but I prefer having even more liquidity. Seems to me that if you’re wealthy enough for a 100k car, this is a rounding error.
by Leemiller
Sun May 19, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: remodeling costs in san francisco
Replies: 32
Views: 3284

Re: remodeling costs in san francisco

In another HCOL we spent over 50k in labor for two bathroom, materials were separate. We used a design build but I paid a few thousand for our kitchen designer to help with layout and act as a sounding board for the materials, which I ended up picking out somewhat differently. Our bathrooms were fro...
by Leemiller
Sat May 18, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: How do I prevent yellow underarm stains on my white shirts?
Replies: 24
Views: 3479

Re: How do I prevent yellow underarm stains on my white shirts?

For those who advocate not wearing deodorant, I truly hope I never work with you. I’m very aware of what people smell like when they don’t and you may not think you smell, some people might not think you smell, but I will smell you being somewhat more sensitive then many other people. Even with unde...
by Leemiller
Tue May 14, 2019 8:12 pm
Forum: Personal Consumer Issues
Topic: Chrome or Brushed Nickel [Bathroom fixtures]
Replies: 29
Views: 3683

Re: Chrome or Brushed Nickel

Chrome has been around longer but nothing is timeless in a remodel. I assume 10 years or so and spend accordingly.
by Leemiller
Thu May 09, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Undergrad major in Economics or Finance?
Replies: 62
Views: 4271

Re: Undergrad major in Economics or Finance?

What about majoring in Finance with a minor in Economics? I work in finance and agree that is probably more generally marketable from a career perspective, with several different pathways to long lasting careers. Having a strong working knowledge of Accounting would also help in this regard. I have...
by Leemiller
Thu May 09, 2019 7:42 am
Forum: Personal Investments
Topic: Mega-Backdoor Roth strategy wrong everywhere?
Replies: 17
Views: 2290

Re: Mega-Backdoor Roth strategy wrong everywhere?

So if I understand you correctly, if you did not have access to or not known about MBR, you would have contributed just enough money to the 401k plan to get the full match, and then would have focused all your energies on the 529 plan (though I detect from your post that you favor the Roth IRAs a b...