Search found 1306 matches

by Leemiller
Mon May 25, 2020 11:11 am
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 124
Views: 9995

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: 414

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: 354
Views: 25864

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: 3882

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: 1509
Views: 139153

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: 1509
Views: 139153

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: 7689

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: 50764

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: 3145

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: 3208

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: 8268

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: 4590

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: 4590

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: 3315

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: 23
Views: 2532

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: 19839

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: 1509
Views: 139153

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: 6530

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: 12700

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: 8076

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: 2062

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.
by Leemiller
Fri Apr 24, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12700

Re: Moving out of NYC due to pandemic

I have spent several weeks at a time in NYC and have wanted to move to the city for over a decade. Today I was interviewing for a new job, and I was asked if I would move to NYC. My immediate, gut answer was “no.”

Granted if I was making seven figures and had a second home, I might consider it.
by Leemiller
Mon Apr 20, 2020 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6821

Re: $1M home purchase - can we afford it?

I think you can do this if you stay dual income until your income rises. One thing to note is you can consider an au pair for childcare vs a nanny if you have the space so that may change your calculation. We are in a HCOL for what that is worth and like you we did not want to move in five years.
by Leemiller
Tue Mar 31, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Save or invest?
Replies: 17
Views: 1407

Re: Save or invest?

I would, and am, increasing cash savings. Too many uncertainties here, including how long it will take to restart and what companies may not be able to be restarted.
by Leemiller
Mon Mar 09, 2020 7:42 am
Forum: Personal Finance (Not Investing)
Topic: House Reassessment
Replies: 13
Views: 934

Re: House Reassessment

We have successfully challenged our assessment several times. For us, most of the value is in the land, not the home. Our assessment breaks down into land and improvements, perhaps yours does as well. This should help you with you argument. We have challenged ourselves by pulling recent comps. The d...
by Leemiller
Tue Mar 03, 2020 11:09 pm
Forum: Personal Consumer Issues
Topic: Help/Advice with Decluttering
Replies: 37
Views: 2748

Re: Help/Advice with Decluttering

I have a weakness for books myself, but I highly recommend reading everything that remains by the minimalists. They also have a podcast.
by Leemiller
Tue Feb 25, 2020 9:29 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128915

Re: Coronavirus (Consumer Issues) How you are preparing?

A summaryof some of the CDC positions on masks/respirators I am seeing: For professionals seeing COVID-19 patients - they'd like to see these people in full protective gear: Googles, N95 respirators, gloves, gowns. ... Googles are good, but Goggles are better, Victoria I'd have to disagree. I prefe...
by Leemiller
Sat Feb 22, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5643

Re: San Francisco with a Family

Wow thank you for the responses. Our HHI is over 600k right now, and my compensation alone would be somewhere in the 800k range (but some of that is vesting stock over a couple of years). Totally expected HHI $1m plus conservatively since we are dual income. I may even get a stand alone offer around...
by Leemiller
Fri Feb 21, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5643

Re: San Francisco with a Family

I’m not sure what area of SF are nice for families, good schools, not crazy commutes. If you're referring to public schools, in San Francisco they're assigned by a lottery system, not by where you live. Are you sure you'll be working in San Francisco and not on the peninsula? There are many good ne...
by Leemiller
Fri Feb 21, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5643

Re: San Francisco with a Family

I’m flying out for one position and another company just reached out. The more likely offer is in the financial district of San Fran, I’m not sure about the new one.
by Leemiller
Fri Feb 21, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5643

San Francisco with a Family

I am considering a move to SF for a job opportunity. Currently, we have a home that is around 1.25m in a HCOL. We could spend more, but I’m not sure what area of SF are nice for families, good schools, not crazy commutes. Would really appreciate a few leads on zip codes to explore. I’m not sure fina...
by Leemiller
Tue Feb 18, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Prenup - Worth It?
Replies: 237
Views: 10222

Re: Prenup - Worth It?

Get a pre-nup and perhaps stop being so dependent on the advice of your mother and others in your life. My parents were from the US/another country and met overseas. It is much more challenging then you’d expect to enter into a dual-culture marriage as others have pointed out. Try and help her find ...
by Leemiller
Mon Feb 17, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: My parents wants the house in my name - Advice?
Replies: 26
Views: 2915

Re: My parents wants the house in my name - Advice?

Get some legal advice, this is already a mess. They can’t just have you give up your current 25% interest without a gift tax analysis in house B. And that is money you would owe OP.
by Leemiller
Mon Feb 17, 2020 4:24 pm
Forum: Personal Consumer Issues
Topic: Which Rolex to get for DW?
Replies: 52
Views: 4019

Re: Which Rolex to get for DW?

She really needs to try them on in person. Also, beware of getting her second choice to save a bit on a pre-owed model. I’m not even sure a pre-owned is worth the savings on the simpler models - what percentage are you saving? I bought a certain designer piece this year at full retail because it was...
by Leemiller
Wed Feb 12, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home first time - need sanity check
Replies: 16
Views: 1961

Re: Buying a home first time - need sanity check

The issue that jumps out to me is do you really want to live in the area you currently live in. You’re in a high COL and making good money but can you make similar in a lower COL. Personally, I would take a hard look at that. The biggest problem with buying a house now is you don’t have liquidity to...
by Leemiller
Mon Feb 10, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14067

Re: Am I crazy to consider quitting my job?

I’m a woman and a parent of girls and part of the reason I work is to be a role model for them. My mother worked and so did my husband’s mother, and I believe it impacted both of us in a positive manner. I also wouldn’t leave myself vulnerable by not having my own income, and you can’t just walk int...
by Leemiller
Fri Feb 07, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5145

Re: How to save BIG in a HCOLA

The commute/traffic will be worse in reality than what people tell you. Renovating is extremely expensive - I haven’t priced it, but I’d guess building is too. Personally, I think it’s unrealistic to cut your income and move to a more expensive area while expecting to save at the same rate. As other...
by Leemiller
Wed Jan 29, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3775

Re: Made partner but no contract after 2 months, what should I do?

Get your own attorney. Ask for the current draft. Do a markup and send it back. Easy. Good attorneys are worth it.
by Leemiller
Wed Jan 29, 2020 8:03 am
Forum: Personal Consumer Issues
Topic: Nice/upscale pens and pencils
Replies: 79
Views: 5931

Re: Nice/upscale pens and pencils

Japanese-made Japanese-branded retractable pens/pencils are stylish and excellent deals for the money in addition to being cool gifts or conversation pieces. I use nothing but. You can do pretty well for $15-$20 USD each including shipping, get a few, pick the one(s) you like, give the rest away as...
by Leemiller
Sun Jan 26, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice for selecting our first home
Replies: 21
Views: 946

Re: Advice for selecting our first home

Not sure why this is a question worth handwringing over. You’re lucky you live in a part of the country where homes like that aren’t seven figures. I’d buy the better home or keep renting.
by Leemiller
Sat Jan 25, 2020 10:47 am
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 4023

Re: Happy Birthday Taylor! 96 years young!

Happy Birthday! I always enjoy your posts, and I know they are a blessing to others.
by Leemiller
Fri Jan 24, 2020 8:37 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26563

Re: Sad news: LadyGeek's husband has passed

I’m sorry for your loss. I know that what you’ve posted will be a blessing to others.
by Leemiller
Tue Jan 21, 2020 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3082

Re: Divorced but ex is not pushing for Qdro

Isn’t your divorce final? You are trying to amend the agreement seven years later?? You need legal advice before you do or raise anything. I’m really confused as to why you are feeling this obligation. Divorce is complete QDRO is a separate. Luckily sounds like you have not had the benefit of this ...
by Leemiller
Tue Jan 21, 2020 7:27 am
Forum: Personal Finance (Not Investing)
Topic: FI and/or RE: did you change your "magic number"?
Replies: 24
Views: 2311

Re: FI and/or RE: did you change your "magic number"?

Yes, we’ve moved the target. Also, another factor has been increased income where we previously it seemed likely that our HHI had peaked and that we would earn less. But, I still feel FI because we’ve past a certain dated target, even though it’s not the current target to RE.
by Leemiller
Sun Jan 19, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3082

Re: Divorced but ex is not pushing for Qdro

Isn’t your divorce final? You are trying to amend the agreement seven years later?? You need legal advice before you do or raise anything. I’m really confused as to why you are feeling this obligation.
by Leemiller
Mon Jan 13, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Magic Kingdom for a day or fun resort / hotel?
Replies: 56
Views: 4039

Re: Magic Kingdom for a day or fun resort / hotel?

We first took my kid to Disney at 3, Magic Kingdom. Had a lot of fun. My vote is for Disney hand’s down. Not even sure what a fun hotel is? Something with a bigger pool? I remember Disney as a kid, so I disagree with other posters on the memories.
by Leemiller
Sun Jan 12, 2020 11:29 am
Forum: Personal Investments
Topic: Am I Just Lucky and Taking Too much risk?
Replies: 40
Views: 5598

Re: Am I Just Lucky and Taking Too much risk?

Many countries have defaulted on their sovereign debt. Of course you are getting a higher rate for the credit risk. Why do you think those bonds pay so much higher than a US backed bond fund? Credit risk. Your portfolio is risky, including inflation risk for your cash. I think you need professional ...
by Leemiller
Wed Jan 08, 2020 10:13 pm
Forum: Personal Investments
Topic: I don't want to save too much.
Replies: 96
Views: 8262

Re: I don't want to save too much.

Our income is higher, but I’d note it only took us four years to get from $1m to $2m. We tend to set a savings goal and the spend the rest. Seems like we always end up with more savings at year end. I feel like we have enough and will end up with more than enough without pushing so hard. Others here...
by Leemiller
Tue Jan 07, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity cost of helping out relatives
Replies: 54
Views: 4978

Re: Opportunity cost of helping out relatives

I really like the idea of some cash as a gift towards his savings without burdening yourself with the whole amount. That seems very reasonable for your situation. I also think you should look into what it would take to help him and others immigrate to the US.
by Leemiller
Tue Jan 07, 2020 8:23 am
Forum: Personal Investments
Topic: Can I retire (early)?
Replies: 49
Views: 6012

Re: Can I retire (early)?

Op, I think you should pay for someone to advise you. Whatever you pay them will be worth the market gains you’ve missed out on my sidelining 2m. Last year alone, that is what 400-600k depending on asset allocation for the 2m alone? Penny wise pound foolish in my opinion not to go with one is the na...