Search found 1335 matches

by Leemiller
Fri Sep 11, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Miele Appliances for New Build Condo
Replies: 32
Views: 1682

Re: Miele Appliances for New Build Condo

You need a kitchen designer was my first thought. Our designer got us discounts on various items, not so much on appliances. Like another poster, we have a microwave on our pantry counter and its a cheap one. We were concerned with appliances breaking and then new ones not fitting into our semi-cust...
by Leemiller
Fri Sep 11, 2020 10:37 am
Forum: Personal Consumer Issues
Topic: Miele Appliances for New Build Condo
Replies: 32
Views: 1682

Re: Miele Appliances for New Build Condo

WL2034 wrote: Thu Sep 10, 2020 11:28 am Random question, but while on the topic: anyone with a Miele dishwasher that doesn't dry dishes very well? They're always clean, but always lots of moisture.
We do. It is annoying and we have to put dishes on our counter to dry.
by Leemiller
Fri Sep 11, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: Rollover into TSP when no longer in gov't
Replies: 3
Views: 375

Rollover into TSP when no longer in gov't

I no longer work for the government, I'm in the private sector now. I'm changing jobs and would like to rollover my 401k into the TSP. Has anyone done this and how recently? I had rolled over a 401k into my TSP when I was in the government, but am not sure you can be separated and do this. I'd like ...
by Leemiller
Thu Jul 30, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: Better toddler sneakers than New Balance?
Replies: 19
Views: 1425

Re: Better toddler sneakers than New Balance?

Good kids shoes are expensive, just like good adult shoes. I don’t think you’ll save much unless you drop in quality materially.
by Leemiller
Fri Jul 17, 2020 8:51 pm
Forum: Personal Consumer Issues
Topic: When to take a sabbatical year (as my kids grow up)
Replies: 29
Views: 2505

Re: When to take a sabbatical year (as my kids grow up)

You’d have to home school them to keep them on track for their grade. I’m not aware that you can pull kids out of school and drop them back in a year behind whenever you want. Based on my own memories anything before middle school is fuzzy and can’t imagine being pulled from my friends to hike for a...
by Leemiller
Tue Jun 23, 2020 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2244

Re: Do [we] need life insurance?

We keep enough insurance to pay off the house and fund the rest of the kid’s college, and we both earn similar high incomes with young kids and a decent amount saved. If something happened to my husband, I think I’d need time off work.
by Leemiller
Tue Jun 23, 2020 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Real estate syndicates: Talk me into (or out of) it
Replies: 21
Views: 1880

Re: Real estate syndicates: Talk me into (or out of) it

They can be great, terrible and everything in between. The details matter. It is very hard to evaluate deals without experience. In general you want a hungry sponsor with a lot of their own money in the deal, a preferred return that gets paid current and is senior to any distributions and a clear u...
by Leemiller
Tue Jun 23, 2020 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Letting my company know I'm looking?
Replies: 43
Views: 4794

Re: Letting my company know I'm looking?

Say nothing until you have an offer, have cleared background checks and have a start date. Too many things can (and sometimes do) go wrong. Then push the start date out about three weeks so that you can say you spoke to a company and expect and offer because they want to move quickly.
by Leemiller
Wed Jun 17, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: Daycare - paying to hold a spot
Replies: 45
Views: 3119

Re: Daycare - paying to hold a spot

We have two kids at home and while we had a different childcare situation, I would cut off the payments to daycare and relax knowing that there are plenty of good daycare options in your area. But then I don’t believe in an educational focus for a three year old - I looked for nice people and a clea...
by Leemiller
Wed Jun 17, 2020 9:18 pm
Forum: Personal Investments
Topic: Your thoughts on a <= 10% allocation to PHYS - Sprott Physical Gold Trust
Replies: 20
Views: 1678

Re: Your thoughts on a <= 10% allocation to PHYS - Sprott Physical Gold Trust

My understanding is that quite a bit of the price of gold is due to consumption from India/the Middle East and that this consumption isn’t playing out the same way for the younger generation. For that reason, I’ve eliminated gold in my portfolio.
by Leemiller
Wed Jun 17, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 85
Views: 4750

Re: Engagement Ring Help

Any recommendations on places to buy an emerald engagement ring? Nothing too flashy just something where I'm not totally getting ripped off. My GF is not a diamond person (for whatever reasons). Thanks. Emeralds are not a good choice for an engagement ring that is worn daily. They are a soft stone ...
by Leemiller
Wed Jun 17, 2020 1:52 pm
Forum: Personal Consumer Issues
Topic: Valuable antiques that don't fit your aesthetic?
Replies: 23
Views: 1033

Re: Valuable antiques that don't fit your aesthetic?

Actually the tide is turning here as tastes are shifting - look up grandmillenial. Please don't ruin antiques by renovating - whatever that means. I imagine spraying white lacquer paint on a piece of federalist furniture and shudder. I think a few well placed antiques add a lot to a modern decor but...
by Leemiller
Wed Jun 17, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 127
Views: 13396

Re: Too Much Retirement/Not Enough for House?

I live in the same area and housing is very expense. I can't tell exactly what your income is but I would keep my mortgage under 3-4x salary, in addition to looking at payment amount. We bought a house on a 30 year at around age 40 and are looking to refi to a 20 year to shave a few years off. We do...
by Leemiller
Mon Jun 08, 2020 9:00 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 85
Views: 4750

Re: Engagement Ring Help

Any recommendations on places to buy an emerald engagement ring? Nothing too flashy just something where I'm not totally getting ripped off. My GF is not a diamond person (for whatever reasons). Thanks. Emeralds are not a good choice for an engagement ring that is worn daily. They are a soft stone ...
by Leemiller
Mon Jun 08, 2020 8:51 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21217

Re: Markets back near all time highs - how are you feeling and path forward ?

Trying to second guess the market seems to me to have the same likelihood of success as trying to figure out why my ex acted the way he did. Futile. So I don’t do anything in a down market except stay the course, I especially don’t look. Then at moments like this I enjoy the surprise of finding out ...
by Leemiller
Mon Jun 08, 2020 11:43 am
Forum: Personal Investments
Topic: Haven't been sleeping well.. thinking of getting super conservative with AA
Replies: 69
Views: 7363

Re: Haven't been sleeping well.. thinking of getting super conservative with AA

It is important to consider how your spouse feels about this allocation. I think what you’re proposing is irrationally conservative but what matters is what your spouse thinks. Personally, we are almost all stocks with very little in bonds. I just stopped looking at our portfolio as the market crate...
by Leemiller
Thu Jun 04, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: I'm afraid to start spending more but is it's ok to do so?
Replies: 31
Views: 5314

Re: I'm afraid to start spending more but is it's ok to do so?

Yes, of course you can spend more. You have about 1.1m, leaving aside what you have in cash. So at 4%, that is an additional 44k a year. Personally, I’d likely take SS early and if you’re really fearful about spending, get an annuity to cover your expenses so that you have more security.
by Leemiller
Thu Jun 04, 2020 8:48 pm
Forum: Personal Investments
Topic: Considering setting up a trust for 1-year-old. Are we good candidates?
Replies: 12
Views: 1036

Re: Considering setting up a trust for 1-year-old. Are we good candidates?

We are in a similar position (age, assets, child) and going with a will that has a testamentary trust that will be established upon our demise. It's a cheaper option now and allows us to move our assets to a trust to be administered to our child upon our deaths. We took this path and have higher as...
by Leemiller
Thu Jun 04, 2020 8:41 pm
Forum: Personal Consumer Issues
Topic: Nursing home has requirements for employees' private lives due to covid
Replies: 38
Views: 2762

Re: Nursing home has requirements for employees' private lives due to covid

I would call a few attorneys for their thoughts. There might be an issue here because she’s in effect subject to their rules 24/7. It seems outrageous to me, and if I was her I would look for a new job. Edited to ad, I did a quick search and one law firm said state and local laws can limit what empl...
by Leemiller
Tue Jun 02, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3964

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

Is there a risk factor here? Two friends have had babies and neither received this advice. One is married to an essential worker. And yes, employment gaps look bad.
by Leemiller
Mon Jun 01, 2020 10:52 pm
Forum: Personal Consumer Issues
Topic: Non Fiction books for teenagers
Replies: 52
Views: 2641

Re: Non Fiction books for teenagers

I read mostly fiction and certainly didn’t read nonfiction at that age. How about a subscription to MasterClass? I am deeply enjoying mine and the lecturers are all successful and passionate about what they do. But if you really want to interest the more artistic bent teen books like Grit sound a bi...
by Leemiller
Sun May 31, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: 50% pay cut: moving advice
Replies: 68
Views: 5023

Re: 50% pay cut: moving advice

I would also sell. Also, what are you going to do if someone moves in and doesn’t pay rent and perhaps even damages the property. Evocations are halted in many jurisdictions right now. It’s really made me question if I ever want to landlord. And most people wouldn’t have a rental that is much nicer ...
by Leemiller
Sat May 30, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10521

Re: Simple jobs during FATFire?

Ok back to OP topic... I've always thought that retiring as a professor (teaching not research) would be a nice job post FIRE. You get lots of flexibility, healthcare... pay is not good (but you don't care at that point). The trouble is getting a tenured teaching position when you have zero track r...
by Leemiller
Sat May 30, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Face mask recommendations
Replies: 173
Views: 12893

Re: Face mask recommendations

I have a hard time breathing in the rather flimsy disposable paper masks we have. Wouldn’t these recommendations usually be harder to breath in? Am I the only one stopping and taking breaks to try and catch my breath and readjust the mask as I grocery shop?
by Leemiller
Sat May 30, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Lifelong New Yorker relocating to Philly for FIRE?
Replies: 39
Views: 3246

Re: Lifelong New Yorker relocating to Philly for FIRE?

Why don’t you just spend more on rent and move to a better location in NYC? There is no major US city where you can get a great downtown place to live by yourself and spend 25k a year to live. You’re not being realistic. Also, how much is a comparable place closer to the action vs how you’d ‘like to...
by Leemiller
Sat May 30, 2020 9:44 am
Forum: Personal Investments
Topic: Where to save extra income?
Replies: 15
Views: 1528

Re: Where to save extra income?

I save mine in an index fund with low turnover for tax purposes. I also have a Roth but the index fund is where excess money goes over my emergency fund.
by Leemiller
Sat May 30, 2020 9:42 am
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2945

Re: Time for a new house?

No, I don’t think people usually liquidate everything they have when they buy a home. When we bought our first home we still had at least a one year emergency fund, maybe more, it’s been awhile. I would sell. What are you going to do if someone moves in and doesn’t pay rent - evictions aren’t happen...
by Leemiller
Fri May 29, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or rent $2m house?
Replies: 52
Views: 4146

Re: Sell or rent $2m house?

Sell. I just read somewhere that people renting beach homes in the Hamptons are refusing to vacate given that evictions are halted. Further, if you really wanted to diversity with rental property I can’t imagine you would have bought your home for that purpose. If not, you should sell.
by Leemiller
Mon May 25, 2020 11:11 am
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 185
Views: 19419

Re: Pandemic buys that have improved quality of life?

Sit/stand desk Milk frother Tennis ball machine Floor cleaning machine Actually purchased before pandemic, but appreciate washlet toilet more than ever Which milk frother did you get? We have a cheap handheld that I really like but the foam doesn’t last very long / compare to a real latte so I’m in...
by Leemiller
Sat May 23, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: hurting savings cushion vs. taking advantage of 0% interest on federal student loan COVID-19 forbearance
Replies: 5
Views: 461

Re: hurting savings cushion vs. taking advantage of 0% interest on federal student loan COVID-19 forbearance

I would not be able to sleep well with a two month emergency fund. Really getting that to 6-12 months should be priority number one.
by Leemiller
Fri May 22, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39268

Re: The axe falls and I am prepared. What's next?

I’m sorry to hear it but glad you are so prepared and have encouraged others to be so prepared. The great thing is you don’t have to decide anything now! I would personally take the higher unemployment until July and then reevaluate. I might also see if there was work that interested me, paid or per...
by Leemiller
Wed May 20, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 4230

Re: Contemplating expensive house purchase during pandemic

I would rent a house - maybe rent with an option to buy if you want get it. You don’t say how much you have saved so far, that is a pretty critical piece of information. Also, I’d aim closer to 1.5m than 2m at your income. Frankly it is a miracle your MIL put up with that living arrangement as long ...
by Leemiller
Wed May 20, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448258

Re: Refinance Mega Thread

Anyone pay down a jumbo to get a better rate as a confirming loan? We are maybe 50-60k from a confirming loan with a 30 year fixed 3.5% jumbo. I’m considering a pay down to see if I can refi to a 20 year fixed at sub 3%. I am getting confused on this myself. Do you need to pay it below 765 or 510? ...
by Leemiller
Tue May 19, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448258

Re: Refinance Mega Thread

Anyone pay down a jumbo to get a better rate as a confirming loan? We are maybe 50-60k from a confirming loan with a 30 year fixed 3.5% jumbo. I’m considering a pay down to see if I can refi to a 20 year fixed at sub 3%.
by Leemiller
Mon May 18, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7909

Re: Income about to be halved - what do we do?

I’m assuming you have term insurance on each of you? Insurance seems expensive for two term policies for 30 year-olds. Consider looking at your deductible on auto insurance. We eliminated some coverage for a older car we had. I’m assuming your child is currently in daycare? Worst case, if one of you...
by Leemiller
Fri May 15, 2020 9:15 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55345

Re: How Is Your Job Being Impacted By The Current Crisis?

Some rural hospitals are already closed due to this. Ending ‘elective’ procedures is a death blow. Elective including cancer treatments among other treatments and so revenues at hospitals are decimated while beds sit empty, just in case. For the legal profession, major law firms are reducing pay bet...
by Leemiller
Thu May 14, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: "Fancy" drip/pour-over coffee makers
Replies: 54
Views: 3440

Re: "Fancy" drip/pour-over coffee makers

I have a Moccamaster as well that replaces a very cheap coffee maker that gave up the ghost. We like it, but I’m not sure how much of a difference I can taste. It does seem to make coffee faster than our old machine fwiw. I’ve been looking into a grinder because I do think that might be keeping us f...
by Leemiller
Thu May 14, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3277

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

No, I would not do this. Perhaps a better solution is to find a part time job to ease into retirement with, given your emotional concerns here. Paying extra in taxes is very odd to me, and I agree with others that simple math will give you the logical answer. I also think right now is a challenging ...
by Leemiller
Fri May 08, 2020 6:21 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8851

Re: Percentage of savings to "prepping"?

grettman wrote: Fri May 08, 2020 3:28 pm
oldfort wrote: Fri May 08, 2020 3:09 pm I can't tell if this post is sarcastic or not.
It’s clear to me it is a serious question. I think most people “prep” to some extent. Some more than others.
I’ve never met anyone who preps anything outside of wine, in which case I’d recommend a reasonable, not to expensive cellar.
by Leemiller
Thu May 07, 2020 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4766

Re: Choosing not to correct all billing/financial errors

I agree but never, ever don’t correct or inquire immediately if the error involves your bank account or another financial account. I assume you're thinking about possible identity theft or unknown access to your account rather than they didn't credit you with the correct amount of interest or they ...
by Leemiller
Thu May 07, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4766

Re: Choosing not to correct all billing/financial errors

I agree but never, ever don’t correct or inquire immediately if the error involves your bank account or another financial account.
by Leemiller
Wed May 06, 2020 9:09 pm
Forum: Personal Investments
Topic: How not to stretch yourself too thin on home purchase?
Replies: 34
Views: 3471

Re: How not to stretch yourself too thin on home purchase?

If you are ok with the home you get, it is a luxury to have a home that you can afford on one income. Really lowers stress. That is where we are right now, and I’m extremely grateful for it.
by Leemiller
Sun May 03, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Decide on keeping/selling the house
Replies: 22
Views: 2629

Re: Decide on keeping/selling the house

Pain and agony for buying a house at 2x income that can be afforded on one income? Really? I would stop pushing your spouse to sell right now - I can’t imagine making my family move right now. Sell some vested RSUs and beef up your emergency fund. There is no immediate need to do anything. Your stat...
by Leemiller
Thu Apr 30, 2020 10:07 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20409

Re: Why am I even saving for retirement?

We earn a high income as well and after taking out mortgage, childcare, taxes, and savings it is pretty clear that we’re probably already done for a regular, or even early retirement. Currently, we max retirement accounts for the tax credit and do a back door Roth. Our taxable savings I’ve mentally ...
by Leemiller
Sun Apr 26, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6767
Views: 448258

Re: Refinance Mega Thread

We have a 3.5 jumbo that I’d like to refi to a 15 or 20 at a lower rate. Is anytime seeing good rates for jumbos?
by Leemiller
Sun Apr 26, 2020 1:24 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6618

Re: Preparing for the storm ahead.

I think your wife should start looking for a job immediately as it may take some time for the right position/fit. It would take a lot of pressure off if she was able to earn an income at this time.
by Leemiller
Sun Apr 26, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13148

Re: Moving out of NYC due to pandemic

I’m surprised so many think the pandemic shouldn’t be a reason to move. I’m in financial services and cannot imagine moving to NYC at this time. NYC has suffered a net loss of residents in recent years and now the city is going to suffer more, while taking a huge revenue hit. It would take a seven f...
by Leemiller
Sun Apr 26, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8322

Re: Payoff house and quit good-paying job?

You’re making some pretty big assumptions about your employability for jobs that sounds like teenager/early 20s jobs. Do they even take people your age or older? Honestly sounds like you miss being a 20-something with no wife, kids, or other adult responsibilities. I agree with others that you need ...
by Leemiller
Sat Apr 25, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: DD's apartment complex requires renters insurance
Replies: 50
Views: 2117

Re: DD's apartment complex requires renters insurance

Yes, she should have it. This is a clause I had in my last rental. Here is a scenario, your daughter has friends over, one drinks to much, gets in an accident - hurts themselves or others - sues your daughter. Doesn’t matter her ‘assets’ she now has a judgement against her.