Search found 1174 matches

by Leemiller
Mon May 20, 2019 8:14 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1244

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: 10
Views: 394

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: 18
Views: 1739

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: 3077

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: 1972

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: 59
Views: 3161

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: 2098

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...
by Leemiller
Thu May 09, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 47
Views: 6143

Re: I have a car problem - $100K+ Cars

We went from a 99 Honda to a Mercedes 350, definitely not a six figure car, and comp & collision were up materially. Depending on your overall net worth, not investing that six figures in the market, for example when it went up about 20% in a year, has a material impact. I have no problem with doing...
by Leemiller
Wed May 01, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fed interviewing for a private sec job - value of FERS pension?
Replies: 37
Views: 2279

Re: Fed interviewing for a private sec job - value of FERS pension?

Op is grandfathered at the .8% rate. I know because I was grandfathered when I re-entered Federal service. They took 4.4% for my pension at first and refunded the difference and changed rates when I pointed out the error.
by Leemiller
Wed May 01, 2019 5:50 pm
Forum: Personal Investments
Topic: Too late to start over with nothing?
Replies: 40
Views: 6024

Re: Too late to start over with nothing?

Is your second mortgage fixed or variable interest rate? How much is your second mortgage (total amount due as well as monthly payment).
by Leemiller
Mon Apr 29, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fed interviewing for a private sec job - value of FERS pension?
Replies: 37
Views: 2279

Re: Fed interviewing for a private sec job - value of FERS pension?

Also, the FERS pension isn’t free but perhaps the OP is only paying in at .8% vs 4.4%. This board is very pro-pension, but I know zero people in real life excited about their federal pension. Everyone I know seems to think it’s too little to retire on. While I think it’s a nice benefit, there was ze...
by Leemiller
Mon Apr 29, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fed interviewing for a private sec job - value of FERS pension?
Replies: 37
Views: 2279

Re: Fed interviewing for a private sec job - value of FERS pension?

I have left a Federal job twice now to go to the private sector. The way I look at it is my pension for each year of service grew by about 2k+ (note I was not GS scale). So I decided I would save an additional 20k post tax annually to self-fund a pension. Given my current age and assumed investment ...
by Leemiller
Sun Apr 28, 2019 4:27 pm
Forum: Personal Investments
Topic: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition
Replies: 28
Views: 3197

Re: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition

What is your IRR on the rental property? Is it worth selling and investing instead? I would keep putting something in the 529s personally and not take the lifestyle hit to max the 401ks. You’re more than on track given your current savings and retirement income goals. It does seem that you’re taking...
by Leemiller
Sat Apr 27, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 8264

Re: What are the cons of always being a one parent working household?

Downsides are a lot of pressure on the main wage earner. Much of the work being done by the SAH parent can be outsourced at a lower cost, eg, maid or part-time nanny. Divorce means the non-working spouse is taking a big lifestyle hit. For parents of daughters, I think it is hard to raise young women...
by Leemiller
Tue Apr 23, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Madness, Seeking Help
Replies: 23
Views: 2946

Re: Credit Card Madness, Seeking Help

I recall hearing that they don’t always run your credit when issuing credit, so freezing isn’t a 100% fix. But wow. I don’t know that I would have much advice to offer other than leave him.
by Leemiller
Tue Apr 23, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: When to prioritize funding 529?
Replies: 31
Views: 2345

Re: When to prioritize funding 529?

Same as the OP, for the past few years I have been able to max out my 401k (wife is not formally employed), and my wife's and my Roth IRAs. I am in my early forties. I do not have investment in taxable account, and my employer doesn't provide HSA. Each month we can save $250-$500 after contributing...
by Leemiller
Tue Apr 23, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: When to prioritize funding 529?
Replies: 31
Views: 2345

Re: When to prioritize funding 529?

Ultimately my goal is to cover undergraduate and graduate school for my two children, including at a top private school should they be accepted. For now we aren’t saving at that rate due to our high childcare expenses. We’ve been putting in 5k annually per child for the Maryland deduction and will r...
by Leemiller
Mon Apr 22, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 49
Views: 3609

Re: update 70s kitchen or nah?

Where I live a home with a dated, but more recently updated kitchen sells for much more than a home with the type of kitchen you’re describing. We bought a home at a significant discount with an original 50s kitchen. I’m going to assume it was in worse shape than yours since I wouldn’t even cook in ...
by Leemiller
Mon Apr 22, 2019 7:35 am
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 49
Views: 3609

Re: update 70s kitchen or nah?

Hi, Montana, nice to see you again - we usually meet up in the SS/Medicare threads :) Given what you have posted on this question, have to agree with the others here who say nah. You dread the idea of the mess, inconvenience, you can't really be sure of the exact cost (remodeling projects, esp. kit...
by Leemiller
Mon Apr 22, 2019 7:27 am
Forum: Investing - Theory, News & General
Topic: When to prioritize funding 529?
Replies: 31
Views: 2345

Re: When to prioritize funding 529?

Now. You can lump sum or start putting in a couple of thousand a year. We started a bit late for our first and will have to play catch-up eventually.
by Leemiller
Sun Apr 21, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: House renovation financing
Replies: 24
Views: 2570

Re: House renovation financing

I too have found renovating to be a big time and money black hole. Although, we simply could not have afforded a new construction home in our neighborhood. As for purchasing a flipped home, I’d worry about the quality of the work. Ideally, I wish we would have bought the personal residence of someon...
by Leemiller
Sat Apr 20, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: leaving state job / pension. ..... bad idea?
Replies: 44
Views: 3470

Re: leaving state job / pension. ..... bad idea?

I’ve left a federal job for the private sector twice. Both times for a substantial raise. Last time I was in my mid-40s and have no regrets so far - I’ve been promoted get headhunting calls for positions I wouldn’t have dreamed of while in the government. I put aside enough extra in savings each yea...
by Leemiller
Fri Apr 19, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: In search of a dishwasher that dries plastics well...
Replies: 54
Views: 2057

Re: In search of a dishwasher that dries plastics well...

Bill Gates and Jeff Bezos do the dishes. Wanna bet that Bezos doesn't any longer? The article is from December of 2018. Point? "I do the dishes every night. I'm pretty convinced it's the sexiest thing I do," Bezos joked in a 2014 interview. "I do the dishes every night," Gates similarly revealed on...
by Leemiller
Wed Apr 17, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Stay and buy house or remain flexible?
Replies: 5
Views: 423

Re: Stay and buy house or remain flexible?

Inexpensive does not mean ‘good investment’ and is often an indicator that something isn’t a good investment. If you’d like to get married and have kids, and you aren’t having luck in where you currently live I would recommend moving ASAP. I’m about a decade ahead of you and many of my friends wante...
by Leemiller
Mon Apr 15, 2019 6:25 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10846

Re: $1.1 million rental portfolio, but tired of being a landlord

trustquestioner wrote:
Mon Apr 15, 2019 2:23 pm
1031 into a well located triple net lease.
Do you invest in these yourself? If so, I’d be interested in your experiences.
by Leemiller
Mon Apr 15, 2019 1:43 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10846

Re: $1.1 million rental portfolio, but tired of being a landlord

You might want to get some 1031 advice. I don’t believe you need someone to buy all ten from you, I thought you could escrow funds for 6 months or so pending finding a replacement property. Also, not sure if you’re including maintanence costs by reserving funds annual. Two new roofs would put a huge...
by Leemiller
Mon Apr 15, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Providing Advice to In-Laws
Replies: 12
Views: 997

Re: Providing Advice to In-Laws

I’m surprised there are distributions from an estate of this size given the possibility of long term care. Also, for me I’d worry less about AUM fees and more about the sibling living rent free in a home that would provide additional money to your MIL. My recommendation would be for your wife to ask...
by Leemiller
Sun Apr 14, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4558

Re: Anyone have a child model?

I’m surprised none has raised this, but as a mother of girls - no! I used to have strangers stop me and my parents and suggest modeling - I was glad nothing came of it. Later a friend in college who modeled developed an eating disorder when she needed to drop weight. Not an uncommon story. It is bey...
by Leemiller
Sun Apr 14, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2367

Re: Home affordability - Can I afford it?

Have you included 529s and kids summer camp/tutoring/ aftercare expenses? Moving in costs? Furniture / window treatments? Nonetheless, I think it will be tight on your income but doable so long as you keep both jobs and see steady increases. But now that I’m in my mid-40s, I’m even less inclined to ...
by Leemiller
Sun Apr 14, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 107
Views: 9393

Re: Luxury car recommendations?

Mercedes E Class 2-3 years old fits your criteria. Ours have had a V6 engine, which makes them a pleasure to drive (and I’m a boring driver). A convertible is my daily driver, and I really enjoy it for many months out of the year. Before this we drove a 20 year old Honda, and I’m so glad we upgraded...
by Leemiller
Thu Apr 11, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8631

Re: Buying a house next year. Wife wants a big house. Thoughts?

I’m confused, do you have 160k or so equity in your current house in addition to the 100k downpayment? That should really change the numbers. But one conversation might be around going smaller to get a 15 year mortgage.
by Leemiller
Thu Apr 11, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8300

Re: Can we afford a $1mil home?

You might consider just renting a nicer place until things are more settled. At minimum, I would never ever buy a property with someone I was not married to. A two bedroom is likely a better investment long term, so that would be better. Personally, we can afford our house + a reduced lifestyle on o...
by Leemiller
Thu Apr 11, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 18765

Re: Wife hates new job...wants to quit after 1 day

I’ve had many people recommend reading The First 90 Days. I think it would benefit your wife. As someone who has moved between public and private sector jobs, your wife sounds like she is also having a hard time adjusting to change. I would be surprised at an employee asking again and again about tu...
by Leemiller
Tue Apr 09, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 18765

Re: Wife hates new job...wants to quit after 1 day

Know of people who started new jobs without resigning from their current job. They scheduled PTO time at their current employer to try out the new job. If the new job didn’t seem right, they simply returned to their current job after the scheduled PTO. This is almost definitely a violation of compa...
by Leemiller
Tue Apr 09, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 18765

Re: Wife hates new job...wants to quit after 1 day

Wow. Might be worth a call to an employment attorney in your state to discuss rights, if any. I had a situation several years ago where within weeks, I knew I would have to leave. It was incredibly stressful even though we could have lived off my husband’s income indefinitely. Not taking the first j...
by Leemiller
Tue Apr 09, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: Pay down mortgage or rent to reduce housing expenses?
Replies: 15
Views: 1214

Re: Pay down mortgage or rent to reduce housing expenses?

Personally, I think renting into retirement rarely makes sense. I’ve seen older folks deeply regret not purchasing since they would have fixed their housing costs. I’m not sure why your friend needs to do anything with the house if the plan is to sell and downsize in a couple of years. Why not just ...
by Leemiller
Sat Apr 06, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11797

Re: Is our household budget crazy?

I’m really confused as to why in a thread where the OP makes 500k there is a discussion on the cheapest place to buy chicken. Groceries are a drop in the bucket at this income, even with a pure Whole Foods, local butcher, fresh seafood diet. In fact, while you’re hand wringing on the cost of avocado...
by Leemiller
Sat Apr 06, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: Son's dubious job offer
Replies: 32
Views: 6356

Re: Son's dubious job offer

Many companies don’t have great Human Resources teams. That said, I had a friend get an offer from a government agency, accept the offer, only to be told the actual salary was much lower. This is probably a good place to give the company some time to figure it out and not get your son too agitated p...
by Leemiller
Fri Apr 05, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Universal Orlando Trip In June 2019
Replies: 34
Views: 1733

Re: Universal Orlando Trip In June 2019

How big into the extreme roller coasters are you? We did a one day, 2 park express pass but skipped anything more intense than the Mummy. Five days seems extremely long to me. I’d consider 2-3 max. I haven’t been to the water park, that one might be fun as a one day, express pass.
by Leemiller
Fri Apr 05, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8552

Re: Married couples: can you have a team mentality with separate finances?

My husband and I have separate finances to some extent, but our home is jointly titled and he added me to his bank account. We each pay certain recurring and random expenses. We set joint large financial goals and update our net worth jointly. We don’t track each other’s spending though. Op, I would...
by Leemiller
Fri Apr 05, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 3934

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

All: my rental numbers my be inflated vs ownership but I believe it would be wise to rent the first year at least. Also my COL calcs for either location can be reduced by one of us not maxing out retirement for a year or two. There have been several comments about taxes but I have dealt with them a...
by Leemiller
Fri Apr 05, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11797

Re: Is our household budget crazy?

Certainly a good idea to assess your spending to make such consistent with your values. Everybody should do this. It’s just that everybody has different values. We are constantly doing this reassessment. Values would include charitable giving and any legacy objectives in addition to current consump...
by Leemiller
Thu Apr 04, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 3934

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

You’re in your mid-thirties, and you’re already bored. It doesn’t get better, only worse. I’m an attorney who has moved from the federal government, with a full pension, to the private sector - twice. I’m not only making a lot more money, but I’m also much happier. My spouse appreciates it, since wh...
by Leemiller
Sun Mar 31, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Stretching? (Home purchase)
Replies: 20
Views: 2819

Re: Stretching? (Home purchase)

You’d be better off buying a remodeled house for a couple of hundred thousand more, to be paid for when your spouse decides to make what she’s worth in the marketplace. We had rough estimates of what a remodel would be before we bought. Ended up costing 2-3x more. Also, professionals in remodeling h...
by Leemiller
Sat Mar 30, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5565

Re: Passed Over For Promotion for Being too Good at My Job

Your manager is a piece of work. I would not continue to work for such a person. I had a similar issue with my last job - I did an oversized amount of work and the work was among the most sophisticated our group did. Finally, I got tired of watching others get promoted and I left. I had a huge jump ...
by Leemiller
Wed Mar 27, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8726

Re: Tattoos and Bogleheads

I have one inspired by a piece of Surrealist art and would like to get a second one on my wrist. I’m an in-house attorney, and the only time I’ve heard anyone express an opinion in the workplace was many years ago when I was working in the government an older female attorney went on a rant about how...
by Leemiller
Tue Mar 26, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Will buying a house jeopardize financial security?
Replies: 57
Views: 3808

Re: Will buying a house jeopardize financial security?

What we did was purchase a fixer upper for a couple of hundred thousand less and upgrade over time. We also did the cheaper house in an expensive neighborhood route. A few years later our income is higher than when we bought but who knows how that will work out for the remaining 20+ years of the ter...
by Leemiller
Mon Mar 18, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with debts and upcoming events, what are my options?
Replies: 51
Views: 4240

Re: Struggling with debts and upcoming events, what are my options?

Can both of you get additional part-time work now? The biggest problem seems to be a mortgage that will not be affordable in a couple of months. As for bankruptcy, from what I’ve seen unless you address the underlying spending problems - leasing, purchasing a house without reserves/emergency fund - ...
by Leemiller
Thu Mar 14, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Help/suggestions home purch/retirement loan - divorce
Replies: 11
Views: 1340

Re: Help/suggestions home purch/retirement loan - divorce

How about you rent your house back for two months after you sell it to give you time to buy a new house? If you have a 60 day clock to return the money to your Roth, that creates a lot of pressure the negotiate down and things happen that delay closings. Another option might be the kids stay with th...
by Leemiller
Tue Mar 12, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 35
Views: 9039

Re: Elderly parent on path to run out of money in 6 months

I was resentful that we had to contribute financially to her care because she had wasted a lot of money in her life, including the proceeds of the life insurance policy her husband left her, but that's life. We put her in an assisted living that had a religious affiliation and they agreed that if w...