Search found 2181 matches

by jimb_fromATL
Mon Sep 11, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4581

Re: China to ban petrol cars

"...China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025. The proposals would require 8% of automakers' sales to be battery electric or plug-in hybrids by next year, rising to 12% in 2020..." Like the "all Volvos will be electric" head...
by jimb_fromATL
Thu Aug 31, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Would you DCA from S&P 500 to TSM?
Replies: 13
Views: 1182

Re: Would you DCA from S&P 500 to TSM?

Just do it in a lump sum. Lump sum versus DCA over a year has done far better in both funds. There's no way you can guess which might be best, and the difference between gains and losses in the two funds is so trivial it's not worth worrying about. The day of the week when you decide to make the mov...
by jimb_fromATL
Sat Aug 26, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: 5yrs until retiring. 30k lump sum to invest
Replies: 25
Views: 2733

A little more information would go a long way here

My mother is 65 going on 66 and currently does not have much in regards to retirement funds saved. She has a 401k through her job that offers to match and she is currently maxing that account out. However, we both realize this will not be enough (it is currently at about $2000). Is that really $2,0...
by jimb_fromATL
Thu Aug 24, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Employer reimbursement for plugin hybrid charge cost?
Replies: 14
Views: 1374

Re: Employer reimbursement for plugin hybrid charge cost?

I could see it being somewhat more beneficial to the employee in the situation that the OP described, a highly congested urban area. A trip may only be 5 miles of distance(Less than $3 reimbursement by mileage), but it might burn several gallons of gas to get there due to time spent idling in traff...
by jimb_fromATL
Sun Aug 20, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Good time to invest in gold?
Replies: 18
Views: 1755

Re: Good time to invest in gold?

I heard when stock prices are record high, it's time to buy gold. What do you guys think? Ask yourself this: If the people who claim that that gold is going to be a great investment -- whether it's because the dollar is going to drop in value, or because civilization as we know it is going to fail ...
by jimb_fromATL
Sun Aug 20, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell our Home to Mother-in-law?
Replies: 22
Views: 1555

Re: Should we sell our Home to Mother-in-law?

I'm with Lars and Dottie and others. If MIL wants to live closer, let her sell her house, and you give her a gift of +/- $90K to help her buy it. (If you sell your home to her for less than Fair Market Value, it's coming out of your pocket, and you'll have to report it to the IRS as a gift to her, t...
by jimb_fromATL
Thu Aug 17, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8443

Re: Little P**S Ants

That's pismire [/b] for the couth and high-falutin' folks. :wink: pismire noun 1. an ant. 1350-1400; Middle English pissemyre, equivalent to pisse to urinate + obsolete mire ant, perhaps < Scandinavian (compare Danish myre, Swedish myra), cognate with Dutch mier; pejorative name from stench of formi...
by jimb_fromATL
Wed Aug 16, 2017 10:38 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 427
Views: 60148

Re: Forum software upgrade bug reports and change requests

The new platform is now automatically inserting a bullet symbol in the first paragraph of a [ list ] ... [ /list] series whether you want it or not. The old platform did not do that. In the past I've used [ list ] and [ /list ] as a substitute for [ indent ] and [ /indent] ... that is available in ...
by jimb_fromATL
Wed Aug 16, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 82
Views: 65895

Re: Experience selling car to Carmax?

Experience this year trying to sell a 2011 Prius in January with 125,000 miles that had been in several accidents but was fixed : - dealer trader-in offer : $4500 . - Carmax offer : $2500 - they claimed they would only auction it, because they didn't like the way it was repaired. - craigslist : $70...
by jimb_fromATL
Wed Aug 16, 2017 10:18 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 427
Views: 60148

Re: Forum software upgrade bug reports and change requests

The new platform is now automatically inserting a bullet symbol in the first paragraph of a [ list ] ... [ /list] series whether you want it or not. The old platform did not do that. In the past I've used [ list ] and [ /list ] as a substitute for [ indent ] and [ /indent] ... that is available in B...
by jimb_fromATL
Wed Aug 16, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: TSP Loan vs Credit union Loan
Replies: 24
Views: 1350

Re: TSP Loan vs Credit union Loan

These are two very, very different "things". A credit union loan is actually (probably low interest rate) a loan. The TSP "loan" is actually a redemption of the investment and repurchase of the investment (or another investment) with more that is called "interest". Go with the actual loan from a cr...
by jimb_fromATL
Fri Aug 11, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 34
Views: 6591

Re: "Upper Middle" Class - ditch WLI or ride it?

Ditch it. Take the money, pay off your debts, then take payment money and invest it! IMO it's not good use of the money to postpone any tax-deferred or tax-advantage retirement space to pay down manageable debts, matched or not. The OP is in the 25% tax bracket for the feds, plus probably paying st...
by jimb_fromATL
Tue Aug 08, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9566

Re: When does renting make sense

That doesn't prove anything except that renters typically have a lot less income and live in a lot less expensive homes. You can indeed rent more cheaply than buying provided you rent a less expensive place. You can also live in a van down by the river or in your mom's basement cheaper than renting...
by jimb_fromATL
Tue Aug 08, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9566

Re: When does renting make sense

You will spend more on your housing expense when you buy a house. KlangFool [Citation needed] Here's one.... ...Housing expenditures remained markedly different for homeowners and renters. Homeowners continued to spend a larger sum of money on housing than renters did; however, renters spent a larg...
by jimb_fromATL
Tue Aug 08, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?
Replies: 18
Views: 1338

Re: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?

Try portfolioVisualizer.com It compares total return with dividends reinvested. Unclick "logarithmic scale" to get a better look at the difference. And while you're at it, try it with periodic investments like a monthly amount you'd be contributing to a 401(k) or perhaps yearly contributions like an...
by jimb_fromATL
Tue Aug 08, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a current tenant?
Replies: 14
Views: 1393

Re: Buying a house with a current tenant?

in many (but not all) states you can evict a renter on purchase IF you are purchasing to occupy the place yourself. You cant do it to be able to raise rent etc, but if you purchase a place to be primary it can be terminated the lease Not if the tenant has a lease. A lease goes with the property. Ev...
by jimb_fromATL
Mon Aug 07, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Metal vs Vinyl sheds
Replies: 25
Views: 1874

Re: Metal vs Vinyl sheds

We are unfortunately running out of space in our small (1300 sqft) home. I plan to purchase and install a shed in our 5-ft wide sideyard (and converting the garage to an office). I am looking at some 4ft-by-Xft metal/vinyl sheds listed below but am not able to decide whether to go with vinyl or met...
by jimb_fromATL
Mon Aug 07, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a current tenant?
Replies: 14
Views: 1393

Re: Buying a house with a current tenant?

You will have a loan at a non owner-occupied rate and may need to put more than 20%. You will need a rental insurance policy. You will want to do a walk through just before escrow closes and get confirmation of the state of the premises with the tenant. You risk having to do an eviction at the end ...
by jimb_fromATL
Mon Aug 07, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12509

Re: Replace car battery after X years or wait till it dies?

To get the battery out, you have to put the passenger seat all the way forward and up. However, all the seat controls are electric, so if the battery dies, then you are forced to unbolt the seat to get it out of the way. What an "interesting" design! I didn't think even Daimler's influence on Chrys...
by jimb_fromATL
Mon Aug 07, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12509

Re: Replace car battery after X years or wait till it dies?

I did get sort of stranded once, but I had ignored the warning signs. But I was lucky enough to be in the parking lot of a discount store that sold batteries. And had tools with me. :D That reminds me of the time the fuel pump failed on my '80 Corolla when it was about 9 years old. This was in the ...
by jimb_fromATL
Mon Aug 07, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12509

Re: Replace car battery after X years or wait till it dies?

Modern-day batteries don't usually give you the old-fashioned warning of problems by becoming progressively weaker like batteries did in the old days. ... I have also learned from experience that no matter how expensive the battery or how long the warranty, the average life of a car battery is abou...
by jimb_fromATL
Mon Aug 07, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12509

Re: Replace car battery after X years or wait till it dies?

I replace mine when needed. Just listen to how your car starts, you'll know when its time. Not my experience. Absolutely no problems til I left the radio on for 5 minutes while parked at the airport waiting to pick up guests. Car wouldn't start; needed jump; fairly awkward place for that to happen....
by jimb_fromATL
Sun Aug 06, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1793

Re: Want to finish mortgage in five years, how much to pay?

I would love to be done with our mortgage five years from now on but at our current rate of payment we will be done in seven more years. I cannot increase my monthly payment anymore as our budget does not allow it but I can allocate additional money annually from a bonus. How much would I have to p...
by jimb_fromATL
Sun Aug 06, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4960

Re: The age old debate 30 vs 15 [year mortgage rate]

My wife and I did a 15 year loan 2 years ago. The rate was 2.875% the day we closed, as opposed to 3.5% for the 30 year at the time. We ended up buying our rate down to 0.125%. Getting the 15 year was the best financial decision we've ever made in our lives. I assume you mean you bought the rate do...
by jimb_fromATL
Sun Aug 06, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan for house down payment?
Replies: 11
Views: 1110

Re: 401k loan for house down payment?

Here is my situation that I hope to collect some wise suggestion form Bogeheads: I am owning a house but I am going to convert it to a rental property due to recent job relocation (do not suggest selling it or getting HELOC). I am going to purchase a new house but do not have enough CASH for down p...
by jimb_fromATL
Fri Aug 04, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: VGSTX: Is Vanguard STAR Still A Star?
Replies: 22
Views: 3344

Re: VGSTX: Is Vanguard STAR Still A Star?

Remember that since its inception, Wellesley Income has only trailed the S&P 500 by .4% CAGR. Considering its AA and its comparatively low volatility, I think that's pretty incredible. Considering that interest rates have nowhere but up to go for a while, I don't think if it will be able to continu...
by jimb_fromATL
Fri Aug 04, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: VGSTX: Is Vanguard STAR Still A Star?
Replies: 22
Views: 3344

Some Gee-Whiz information

Here's how the Star fund has performed compared to some other Vanguard funds and a few others I happened to have on file -- through 2016. This shows the growth of a lump sum, plus the growth of periodic contributions, which is probably more meaningful for people who invest for retirement every year ...
by jimb_fromATL
Thu Aug 03, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should i switch to a 15/1 fixed mortgage
Replies: 6
Views: 753

Re: Should i switch to a 15/1 fixed mortgage

How much are the closing costs? Will you pay them up front out of pocket or roll them into the loan? How long do you expect to own the home? What are the caps for each change and the maximum rate? What index does the current mortgage follow? What index, and what are the caps on the new loan? The pro...
by jimb_fromATL
Wed Aug 02, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Boat - Equity Loan or Cash
Replies: 9
Views: 904

Re: Buying Boat - Equity Loan or Cash

Is it a house boat? If so, go for it. I don't think it's a good idea to put your home up as equity to guarantee a loan for anything you can't live in. If times were to get really tough financially and you can't make the payments on time all the time, you won't suffer a terrible hardship if the lende...
by jimb_fromATL
Wed Aug 02, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Questions
Replies: 8
Views: 825

Re: Refinance Questions

Thank you for the responses. The reason for the refi is to get me off the mortgage, not for a lower interest rate or length of the loan. The wife and I have a legal separation and I gave her the house. The separation document says we either sell and she gets all the proceeds or she refinance with o...
by jimb_fromATL
Wed Aug 02, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with understanding - pay taxes now or in future
Replies: 59
Views: 3445

Re: Help with understanding - pay taxes now or in future

I have been confused about what seems like a black/white topic in reading personal finance articles. Hoping someone here can help clarify this for me. I understand the general approach in terms of hierarchy is to get the 401k/403b match, then max out Roth, then max out 401k/403b, before adding mone...
by jimb_fromATL
Tue Aug 01, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Questions
Replies: 8
Views: 825

Re: Refinance Questions

Hello fellow Bogleheads, I've been reading and learning for over a year just retired and finally decided to join. Here's my issue; I am doing a no cash out refi thru my credit union and they are charging $750 for the appraisal and the appraisers have scheduled 45min to do their job such as take pic...
by jimb_fromATL
Tue Aug 01, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4960

Re: The age old debate 30 vs 15

Since you don't expect it to be a long-run home, stick with the 30-year loan. Given the vagaries of the housing market, you don't want tie too much up is equity. Unless you're planning to default on the mortgage, you'll still have to pay the entire mortgage balance when you move. So it seems to me ...
by jimb_fromATL
Tue Aug 01, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Rent vs sell condo with big capital gain
Replies: 17
Views: 1741

Re: Rent vs sell condo with big capital gain

My initial take is that the risk of housing prices dropping and passing on the capital gains exclusion outweighs the financial benefit of renting. If we sell the condo, proceeds would be new investment into our current BH-style mutual fund portfolio. A few points to ponder: Pending some more detail...
by jimb_fromATL
Tue Aug 01, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4960

Re: The age old debate 30 vs 15 [year mortgage rate]

Maybe do a 5 or 7 year ARM? I'll second the idea of the 5-7 year ARM. Yeah I'd say definitely look at a 5-7 year ARM if you have an almost certain chance of needing to move again...the payment should be significantly lower ARM rates have been going up for a while. According to a quick look at Bankr...
by jimb_fromATL
Mon Jul 31, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much income and down payment to afford 300k house?
Replies: 50
Views: 4369

Re: How much income and down payment to afford 300k house?

Short answer: No 50k a year salary should not carry a mortgage bigger than 100k in my opinion. That is 3x gross income- what makes you think that USAA should have rejected that? OP can afford it just fine without tenants. Your view of having a mortgage not more than 2x income ($100k mortgage on $50...
by jimb_fromATL
Mon Jul 31, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2311

Re: 529 or Mortgage

No I am not maxing out Retirement account, I am matching enough to get company's match. No I do not get any tax break for 529 savings. Since I already have 51k in today's dollars in 529 plan. My question is how much more should i save it. Should I keep doing 1k/month or reduce the contribution. Abs...
by jimb_fromATL
Mon Jul 31, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1260

Re: 1031 Exchange

I went to my H and R Block program and plugged in numbers for the property I need to sell. I have been renting it since 1987. If I live there two years there is an exclusion on some of the gain. Of course this is because I have owned it and rented it for so long. Also it is a single family home so ...
by jimb_fromATL
Sun Jul 30, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity versus Lump Sum math
Replies: 12
Views: 1290

Re: Annuity versus Lump Sum math

Hello, my husband retired last month and we are trying to decide what to do with a cash-balance pension account from his employer of 33 years. We are trying to decide between two options: 1) a lump sum payment of $197,000 2) a single life immediate annuity of $1,430 per month He is 55 years old. Ne...
by jimb_fromATL
Sun Jul 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1260

Re: 1031 Exchange

Thank you for all the great replies. My follow up question is: If we were to go through with the 1031 Exchange and buy a property that conceivably could be our primary residence down the road, rent it out for the first two years and live in it for five years, then sell it. Now would the capital gai...
by jimb_fromATL
Sun Jul 30, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: All at once or bit by bit?
Replies: 11
Views: 1043

Re: All at once or bit by bit?

Here are some real numbers to quantify the risk versus the reward for lump sum versus DCA depending on when you happened to start investing in the past. This is for VBINX, the investor share fund, which has a longer history and virtually identical results. VBINX -- Vanguard Balanced Index Inv: For 2...
by jimb_fromATL
Sat Jul 29, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much income and down payment to afford 300k house?
Replies: 50
Views: 4369

Re: How much income and down payment to afford 300k house?

If this person has a FICO of at least 750, they can get approved with an income of 50k, with 20% down, for a 30 yr fixed at current rates. I was able to 3 years ago. Whether they want to depends on their rental environment (if they can rent a room for $700, it's on its way to nightmarish, but not q...
by jimb_fromATL
Sat Jul 29, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1260

Re: 1031 Exchange

Just as an FYI, and not regarding the 1031 exchange... from my understanding the 2 yr and 5 yr rules are based on 2 OF the 5 years prior to sale, not separate. Example 1, buy house as homestead; live there for 24 months; rent it for next 35 months; sell it just prior to month 60... you get the capi...
by jimb_fromATL
Sat Jul 29, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1260

Re: 1031 Exchange

I am not a CPA or anything just a landlord. If you read the IRS Pub (523 I believe) on selling housing and scroll WAY down (as several on here have not and gotten confused) it has a work sheet at the bottom on how to truncate gains of rental vs owned periods. In short. Yes of course you have to pay...
by jimb_fromATL
Fri Jul 28, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much income and down payment to afford 300k house?
Replies: 50
Views: 4369

Re: Can this person afford a 300k house?

What about renting out 1-2 rooms at $700/room? This is a medical center/university area. You could not have read my previous post, since we coincidentally posted during the same minute. But I addressed that in my post ... that potential rent will not be counted in qualifying for a normal mortgage ....
by jimb_fromATL
Fri Jul 28, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much income and down payment to afford 300k house?
Replies: 50
Views: 4369

Re: Can this person afford a 300k house?

Let's say this person has 150k cash (liquid). 8k car loan. Let's say 50k in yearly income. No other debts. No other major purchases. No kids, no spouse, etc. Can this person afford a 300k house? Can this person afford to buy more? If so, how much more? Let's say this person will rent 1-2 rooms out ...
by jimb_fromATL
Fri Jul 28, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 48
Views: 9677

Re: Chipping away at the mortgage

Very few things in life can beat the wonderful, secure feeling of owning your own home and property absolutely free and clear - sweep away the naive and overly optimistic rationalizations about cost of money, debt leverage, opportunity cost, and other finance-babble, and it is just that simple. I c...
by jimb_fromATL
Fri Jul 28, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2747

Re: Help with Amortization Schedule with Extra Payments

The way I would do it (to be precise to the penny) is create a spreadsheet calculating the exact payment schedule and one with actual payments made. Not worth too much effort to be precise to the penny, because there's no rule about how lenders themselves round off the pennies on their amortization...
by jimb_fromATL
Fri Jul 28, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 48
Views: 9677

Re: Chipping away at the mortgage

But I think all that is besides the point here - my main interest in the comparison is the net worth total over the same period, using the same amount of cashflow If you are earning the exact same after-tax rate on your risk-free investment at the mortgage, it seems to me that the net worth total w...
by jimb_fromATL
Fri Jul 28, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 48
Views: 9677

Re: Chipping away at the mortgage

After reviewing your figures more jimb, it looks like in the different best case scenarios involving making a lump sum $100k payment and continuing to pay the same rate vs. no-cost vs. roll-in the costs vs. paying them upfront, that the difference in interest paid is ~$25.5k, ~$19k, ~$19k, or ~$21k...