Search found 791 matches

by Chadnudj
Tue Aug 13, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5182

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

Chadnudj, <<You're missing option C: OP and/or OP's spouse retires early/goes part-time such that their combined income is low enough to qualify for financial aid when their kids start entering college in 7 years. >> For (C), if the income is low enough, they can move all their money from the taxab...
by Chadnudj
Mon Aug 12, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 2683

Re: threshold for paying debt

I think it's about more than interest rates, to be honest. For instance, I have student loans/car loans right now. Even though one of my student loans is at a higher interest rate, extra money is going towards a really low interest car loan. Why? Because my minimum payment on that is by far the most...
by Chadnudj
Tue Aug 06, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to locate realtor in Chicago
Replies: 7
Views: 330

Re: How to locate realtor in Chicago

OP -- if you're interested, I live in the area, and would be happy to refer you to a good realtor I used, and the names of others I know that friends have used (that I only didn't use because I already had a relationship with my realtor). Feel free to DM me.
by Chadnudj
Tue Aug 06, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5182

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

I'll offer one quibble: you're ignoring financial aid possibilities/considerations. Generally speaking (and I'm not entirely up to speed on this, so I apologize in advance if I get anything wrong), financial aid doesn't consider your home value or retirement accounts in assessing ability to pay, bu...
by Chadnudj
Fri Aug 02, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5182

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

By the time the first one is in college, he will have approaching half of it saved in a 529. Based on saving $18K a year plus growth plus whatever he was already saving. So that leaves the rest to be used from cash flow of no house payment. $360K - 160K (low est) = $200K. $200K/12 years = $16.7K pe...
by Chadnudj
Fri Aug 02, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5182

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

It doesn't have to be one or the other (you can do 50/50). Yet if you want to do just one, buy the house: 1. You won't regret not having a house payment. 2. It locks in the mortgage interest rate (3.5%-4%, likely) as your return, which is nice (I'm ignoring any tax benefits you might get from writin...
by Chadnudj
Tue Jul 30, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 6447

Re: Whole-house generators - Generac, Kohler, or Briggs?

One piece of advice -- regardless of which model you pick, make sure to budget for an annual inspection/maintenance on your generator to keep it operating. Nothing worse than learning that it won't work when you really need it, and the small amount you pay for the annual maintenance/inspection will ...
by Chadnudj
Tue Jul 30, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: How to avoid cleaners going out of business - and not getting your things?
Replies: 25
Views: 1766

Re: How to avoid cleaners going out of business - and not getting your things?

TallBoy29er wrote:
Mon Jul 29, 2019 9:13 am
Hedging dry cleaning closures....if it's that high a concern for you and the world, maybe you can build an insurance product around it.
You laugh, but I wonder.....would your homeowner's insurance policy cover this?
by Chadnudj
Tue Jul 30, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 184
Views: 20777

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

I'll place my vote for Florence. Best food in Italy (which puts it arguably at the top of the list for best food on Earth), beautiful light off the buildings, easy to walk, relaxed pace of life, art and history, and all of Tuscany in nearby proximity for day trip explorations. If I ever win the lott...
by Chadnudj
Thu Jul 18, 2019 1:00 pm
Forum: Personal Investments
Topic: Where to invest "car fund" for 10 years or more
Replies: 22
Views: 2297

Re: Where to invest "car fund" for 10 years or more

Thank you, I do know that, and just now edited my first paragraph to say "survivor" not "spousal". Cool. But be aware that you can claim your survivor benefit early (even now), albeit at a lower amount than if you waited, obviously. And, again, sorry for your loss (and sorry that I don't really hav...
by Chadnudj
Thu Jul 18, 2019 12:46 pm
Forum: Personal Investments
Topic: Where to invest "car fund" for 10 years or more
Replies: 22
Views: 2297

Re: Where to invest "car fund" for 10 years or more

I'm a recent widow, age 62, and beginning to sort out how I want to allocate some "buckets" in my head regarding finances. I'm used to managing our 7 figure retirement money, thankfully, and have a 50/50 allocation. I'm a self-employed counselor, planning to take SS at 70, likely to work until 70, ...
by Chadnudj
Thu Jul 18, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 107
Views: 5839

Re: Explaining the magic of compound interest to teenagers

I think my son was maybe 14 when I showed him the chart with the one guy that saved 2K/year for 10 years starting at 25 then quit and the other guy that started at 35 and never caught up to the first guy. That really made an impression on him. That's a good one. I'd also do the "How Did Warren Buff...
by Chadnudj
Mon Jul 15, 2019 1:35 pm
Forum: Personal Investments
Topic: Old pension plan- take the lump sum or wait for the monthly payout?
Replies: 23
Views: 2003

Re: Old pension plan- take the lump sum or wait for the monthly payout?

Couple things to think about here: Are you married? Does the plan allow for survivor benefits to your spouse? What is your/your spouse's expected longevity based on family health histories/personal health? Is there a COLA adjustment, and if so, what is it pegged to? How safe is the pension and is i...
by Chadnudj
Mon Jul 15, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 2055

Re: Pay student loans via cash-out refinance?

-We both work in healthcare, so our employment/job is secured. -$1,500 of His student loan is required because I refinanced it several years ago to get it down to the low interest rate. -Her student loans is set on auto-payment at $500/month, but we're aggressively paying additional $1000/month to ...
by Chadnudj
Mon Jul 15, 2019 8:58 am
Forum: Personal Investments
Topic: Old pension plan- take the lump sum or wait for the monthly payout?
Replies: 23
Views: 2003

Re: Old pension plan- take the lump sum or wait for the monthly payout?

Couple things to think about here: Are you married? Does the plan allow for survivor benefits to your spouse? What is your/your spouse's expected longevity based on family health histories/personal health? Is there a COLA adjustment, and if so, what is it pegged to? How safe is the pension and is it...
by Chadnudj
Fri Jul 12, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 2055

Re: Pay student loans via cash-out refinance?

TropikThunder, 1) What if it is not a few months? Then what? 2) That kind of situations tends to occur in a recession. At that kind of situation, refinancing and cash out the mortgage is no longer an option. 3) With both student loans and the house mortgage, in the worst condition, a person will lo...
by Chadnudj
Fri Jul 12, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 13929

Re: Should I encourage my kids to work in high school/college?

While I suppose a minimum wage job is an exciting thing when one is 16, it will be distracting from studying, extra curricular activities, and the like. From my perspective, strong performance in school (both high school and college) strongly correlates to future earnings, and doing well at school ...
by Chadnudj
Thu Jul 11, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 2055

Re: Pay student loans via cash-out refinance?

I'd veto this idea, for a number of reasons. 1. In the event of a catastrophic emergency (you/your spouse lose your jobs simultaneously), student loan obligations can be deferred. Not so much your mortgage. And if both of your jobs are safe, you should be able to continue on this path without the ne...
by Chadnudj
Tue Jul 09, 2019 8:50 am
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 97
Views: 9978

Re: Help - Talk to me like I'm 4 y/o please

2. She actually refers a lot of clients to me so it's a bit complicated... just sharing that. It's not enough business that it's worth it for me to sacrifice my wealth-building however. I'm a bit concerned about this part of things. You're in a position to judge, but sometimes people can be more im...
by Chadnudj
Mon Jul 08, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3551

Re: Going to law school question

... if you're from Wisconsin, go to UWisconsin for law school (bonus: Madison is an awesome city to spend 3 years in -- and you should consider the law school town you'll be forced to live in for 3 years in making this decision), and take the Wisconsin bar exam. ... If you go to the University of W...
by Chadnudj
Mon Jul 08, 2019 8:44 am
Forum: Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 184
Views: 18221

Re: Expected returns for 80/20 stock bond for next 10 years.

FWIW, this thread started almost a year ago (July 2, 2018). Vanguard's LifeStrategy Growth Fund (essentially an 80-20 stock-bond split) returned 0.37% between May 31, 2018 and May 31, 2019, per Vanguard. The one year return of this fund is now 6.14 % (June 30, 2018 through Jun 30, 2019). What a dif...
by Chadnudj
Mon Jul 08, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3551

Re: Going to law school question

1. Lawyer here. If "I want to be an attorney, not really, but kind of" is your motivation, I really gotta discourage you from spending three years and the accumulated debt/lost income to become an attorney. Seriously, seriously, think about this. 2. That being said, go to an ABA accredited law schoo...
by Chadnudj
Fri Jun 28, 2019 12:07 pm
Forum: Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 184
Views: 18221

Re: Expected returns for 80/20 stock bond for next 10 years.

FWIW, this thread started almost a year ago (July 2, 2018).

Vanguard's LifeStrategy Growth Fund (essentially an 80-20 stock-bond split) returned 0.37% between May 31, 2018 and May 31, 2019, per Vanguard.
by Chadnudj
Fri Jun 28, 2019 9:59 am
Forum: Personal Investments
Topic: Can/should my son contribute to Roth - tip income
Replies: 13
Views: 649

Re: Can/should my son contribute to Roth - tip income

I was a waiter in high school. Throughout my time there, all the other (older) waiters would low-ball their claimed tips at the end of the night (you had to declare them when you clocked out in the system -- that way you could pay taxes on them), but I was always honest about it. Because waiters got...
by Chadnudj
Wed Jun 12, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5892

Re: How are your 30s financially different than your late 20s?

I'm about to turn 30 this year and am curious what this next decade will bring. I already have a young child, a marriage, home, and career so curious if it gets much different and if there is anything financially I should prepare for. I already have a will, life and disability insurance, and have s...
by Chadnudj
Fri May 17, 2019 11:10 am
Forum: Investing - Theory, News & General
Topic: VIX [Cboe Volatility Index]
Replies: 31
Views: 2089

Re: VIX [Cboe Volatility Index]

There is some excellent research (see Griffin and Shams) and some current lawsuits pending in federal court showing/alleging that the VIX is susceptible to manipulation (and, indeed, has been manipulated). Stay far away. A recent working paper The VIX Volatility Index - A Very Thorough Look at it m...
by Chadnudj
Fri May 17, 2019 10:32 am
Forum: Investing - Theory, News & General
Topic: VIX [Cboe Volatility Index]
Replies: 31
Views: 2089

Re: VIX [Cboe Volatility Index]

There is some excellent research (see Griffin and Shams) and some current lawsuits pending in federal court showing/alleging that the VIX is susceptible to manipulation (and, indeed, has been manipulated).

Stay far away.
by Chadnudj
Wed May 15, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

The layoffs are at all levels and the severance is really bad (4 to 12 weeks). I think I would be at the 12 week end due to my tenure. I’m curious why you think paying off the car loan is important? It’s a very low interest rate and over the life of the loan interest is only costing about $2,300. F...
by Chadnudj
Wed May 15, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

If I pay down debt faster that cuts into cash though and I feel like it would put us in a worse position if I get laid off. We mostly max out retirement saving, HSA, and have a high deductible health plan. Net income is about $150K. About $40K goes to the house (mortgage, PT, HOI and whatever else ...
by Chadnudj
Wed May 15, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

You mentioned vested stock... might be a good time to reduce risk by selling employer stock and moving proceeds into a total stock market fund. Do a benefits review. Get your doctor and dental appts done. If you have only employer life insurance policies, consider obtaining your/spouse term life po...
by Chadnudj
Wed May 15, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

If you're given 2 weeks, use that time ONLY to look for a job, collect your stuff and files. This is not the time to be a loyal servant and finish up projects or generate reports. If they really need projects finished or reports generated, they can reconsider and keep you on for another 6 months......
by Chadnudj
Wed May 15, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

Your debts are more than you have saved and you make a TON of money. I'd be worried about that no matter how stable my job was. I’m not following this comment. If I’m reading this correctly, anyone that buys a house or takes on any debt should have the value of the debt saved in cash already? More ...
by Chadnudj
Wed May 15, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about getting laid off
Replies: 47
Views: 4900

Re: Concerned about getting laid off

I would suggest that you tighten your belt and boost your savings. I survived several decades of major layoffs, so it is not a foregone conclusion that you will lose your position. During one of the first layoff rounds I did some interviewing including one cross country visit. I got an offer minima...
by Chadnudj
Thu May 09, 2019 4:59 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8394

Re: I will inherit 2Mil What to do with it?

Absolutes csn be harmful. OP wants to wait until unspecified correction to enter which is timing market, but I understand desire to not get in at a high Everyone commenting warns against timing market. If he wants 50/50 allocatioj, why not go to that over time? Is 3 years too long to be allocated l...
by Chadnudj
Tue May 07, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: College credit for HS courses or not?
Replies: 49
Views: 2468

Re: College credit for HS courses or not?

My experience (at private university in Midwest): AP courses that I got a 4 or 5 on basically all counted for credits and to fulfill prerequisite requirements generally, but not specific to my major. So I didn't have to take science or math classes in order to graduate from the College of Arts and S...
by Chadnudj
Thu May 02, 2019 10:31 am
Forum: Personal Investments
Topic: Future inheritance impacts on Trad/Roth 401k choice
Replies: 14
Views: 813

Re: Future inheritance impacts on Trad/Roth 401k choice

If you are 37, your parents and inlaws may be...60? Slightly older? That means they could be alive for 30 MORE YEARS. Unless you have a large vested pension that will fill up lower brackets, Roth probably is not for you (for now). They are all in their early 70s. I also get a cash balance plan thro...
by Chadnudj
Thu May 02, 2019 9:10 am
Forum: Personal Investments
Topic: Future inheritance impacts on Trad/Roth 401k choice
Replies: 14
Views: 813

Re: Future inheritance impacts on Trad/Roth 401k choice

For years I have been maxing out my 401k into Roth, with a 6% employee match to the traditional. We also have 2 Roth IRAs we contribute to. Right now our total portfolio is 58% Roth/42% Traditonal (~$600k). Assuming just our retirement funds, I am currently projecting we would be in the lower to mi...
by Chadnudj
Wed May 01, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 219
Views: 25122

Re: What is your AA, given your age? and, Why?

Age: 39 (me and spouse) AA: 80/20 (roughly -- my 401k is all Vanguard LifeStrategy Growth which is 80-20, and my wife's 401k contributions/my rollover IRA/her rollover IRA are all similarly allocated, but I'm not too active on rebalancing them so they may have drifted over time). Pretty much plannin...
by Chadnudj
Thu Apr 18, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 77
Views: 5277

Re: When did you start spending more and saving less?

Feeling that we have enough and believing that we are FI has led me to conclude I should ease up on saving and spend a little more freely. At what point in accumulation did you feel it would be good to start spending a little more and saving a little less? In the spirit of the question: We cut back...
by Chadnudj
Fri Apr 12, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6702

Re: Soon to be dad, how to prepare

Stuff: - Carseat: I highly recommend the Chicco KeyFit. VERY easy to install the base, the car seat just snaps in, and you can buy multiple bases for multiple cars (grandparents, you/your spouse, etc.). - Stroller: tons of good options here, all of which are good for different things, so I won't get...
by Chadnudj
Thu Apr 11, 2019 4:04 pm
Forum: Personal Investments
Topic: Seeking review of financial situation
Replies: 6
Views: 626

Re: Seeking review of financial situation

I really think you should be maxing out the 403b, rather than paying extra on the mortgage. 3.375% is INSANELY low for an interest rate, you already have roughly 40% equity in your home, and you're using after tax money to pay that low interest rate mortgage down faster, rather than using pre-tax mo...
by Chadnudj
Thu Apr 04, 2019 9:22 pm
Forum: Personal Investments
Topic: Clean up of 100+ stocks in taxable
Replies: 32
Views: 2751

Re: Clean up of 100+ stocks in taxable

So I finally took over my taxable account from an active manager—it’s a large account with over 100 stocks, along with a handful of etfs. I can probably keep several of the etfs and match them for future TLH with corresponding index fund. Regarding the stock selling, would the following be a reason...
by Chadnudj
Mon Apr 01, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 15485

Re: How often do you check your net worth?

Daily.

Is that excessive? Of course. But my mind's on my money and my money's on my mind. (And this way I catch any problems quickly, too.)
by Chadnudj
Tue Mar 26, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5689

Re: Help with law school decision

Unrelated (for the most part), but I will say that as a UVA Law alum, it is a wonderful place to spend three years of your life, I made many life long friends there, and I would move back to Charlottesville in a heartbeat if a great opportunity presented itself. It seems like everyone I hear from t...
by Chadnudj
Tue Mar 26, 2019 12:32 pm
Forum: Personal Investments
Topic: Retired- Target Retirement Funds Pros and Cons
Replies: 11
Views: 969

Re: Retired- Target Retirement Funds Pros and Cons

One other (slight) con: you may not want/need the glide path of a Target Date fund, and may be better off with a stable AA fund (like Vanguard's LifeStrategy Funds) that doesn't have a glide path. My work plan offers both Target Date and LifeStrategy plans. I've put all my money in LifeStrategy pla...
by Chadnudj
Tue Mar 26, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5689

Re: Help with law school decision

Unrelated (for the most part), but I will say that as a UVA Law alum, it is a wonderful place to spend three years of your life, I made many life long friends there, and I would move back to Charlottesville in a heartbeat if a great opportunity presented itself.
by Chadnudj
Tue Mar 26, 2019 10:13 am
Forum: Personal Investments
Topic: Retired- Target Retirement Funds Pros and Cons
Replies: 11
Views: 969

Re: Retired- Target Retirement Funds Pros and Cons

One other (slight) con: you may not want/need the glide path of a Target Date fund, and may be better off with a stable AA fund (like Vanguard's LifeStrategy Funds) that doesn't have a glide path. My work plan offers both Target Date and LifeStrategy plans. I've put all my money in LifeStrategy plan...
by Chadnudj
Tue Mar 26, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5689

Re: Help with law school decision

Is she trying for biglaw, with $160k-ish starting salaries? Does she like working about 2200 hours + per year? For years on end? Thats only 42.5 hours a week? Doesn't sound to demanding. That's billable hours -- hours you work that a client is actually paying for....which means it doesn't include t...
by Chadnudj
Tue Mar 26, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5689

Re: Help with law school decision

My daughter has a few options regarding her choice of law schools. I’ll list the schools and the estimated out of pocket expenses for the 3 years. Notre Dame 154k Emory 100k Arizona St. 98k Univ of Iowa 56k Wake Forest 70k Univ of Fla. 56k Wash & Lee 96k William &Mary 76k She is waitlisted at Unive...
by Chadnudj
Mon Mar 25, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: Should basements be insulated from the outside or inside? New construction
Replies: 17
Views: 1532

Re: Should basements be insulated from the outside or inside? New construction

Related to this: is there any benefit to having the ceiling of your basement (a.k.a. below your 1st floor floors) insulated? And what about insulating ducts in the basement carrying heat/air conditioning to other parts of the house from the basement located furnace/blower? You can but it needs to b...