Search found 44 matches

by Dynasty90
Mon Mar 04, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Re: Can we afford a more expensive home? And is it wise?

A 400k home is a lot of home for a 130k/year combined. The smarter folks will come along and give better explanation but I worry that price point will make you house poor. I'm assuming the 400k home has more sq. footage - that's more furnishings, utilities, lawn care, property tax, homeowner's tax ...
by Dynasty90
Mon Mar 04, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Re: Can we afford a more expensive home? And is it wise?

That’s a lot of house on your salary. I would do 2 things with the money. 1) increase your savings rate to 15%. This is not house savings, this is in retirement accounts. There are going to be times in the future after you have kids that you won’t be able to save as well. In the future, you’ll be g...
by Dynasty90
Mon Mar 04, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Re: Can we afford a more expensive home? And is it wise?

I know your peers and your mortgage broker will say you can afford it, but IMO that is quite a stretch, especially with your current level of savings and when the current home seems to meet your needs (this is a definite want). That's more home than I'd be comfortable with with a HHI 50% more and 1...
by Dynasty90
Mon Mar 04, 2019 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Re: Can we afford a more expensive home? And is it wise?

Watty wrote:
Mon Mar 04, 2019 11:18 pm
ResearchMed wrote:
Mon Mar 04, 2019 10:55 pm
It seems you'd be better off to wait. Save a lot more.
You don't need all the room - or the school district - right now, correct?
+1

Even if you had a kid tomorrow the kid would not start school for at least five years.
This is 100% correct.
by Dynasty90
Mon Mar 04, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Re: Can we afford a more expensive home? And is it wise?

Is $1,250/month going to be enough to support your other expenses? What about when kids enter the picture? How confident are you about those $10k/year raises? Why not put 20% down to avoid PMI or to lower the interest? I edited the original post, but the $1,250 left over is after all living expense...
by Dynasty90
Mon Mar 04, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 2736

Can we afford a more expensive home? And is it wise?

My wife and I would to to move into a new home in a new area. We are seeking advice regarding if this is a wise decision or not? We do not want this home to make us house poor or to hinder us long term. We do consider this home our long term home. Reason for move: bigger yard, more privacy, good sch...
by Dynasty90
Fri Feb 15, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Building a home
Replies: 31
Views: 2714

Re: Building a home

Good thread, as I am in the early stages of building (got the land, discussing with builder the home details) My question is: If the builder quotes an item (let’s say cabinets) at 10k, but I am able to find the ones I like for 7k, what happens to the 3k I didn’t spend? Is that money in the builder’s...
by Dynasty90
Mon Feb 11, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Seeking new home build financing advice
Replies: 2
Views: 359

Seeking new home build financing advice

I will be building a new home this year. I found the land and found the builder. Now I am seeking advice on the financing. Is a construction to permanent loan the best route? I do not have the cash for the land and home. I will need to borrow the money to make the project happen. I have the cash on ...
by Dynasty90
Sun Dec 30, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 6089

Re: Home Heating Advice

Most homes on the road use above ground propane cylinders. I figured that was the best way to go until I started investigating other options. I called a local propane service company. They said their current rate for residential propane is $2.00 per gal. The tank for residential is 500 gal filled to...
by Dynasty90
Fri Dec 28, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 6089

Re: Home Heating Advice

OP here, I just looked at my recent natural gas and electric bills. Natural gas bill breakdown: $35.83 in delivery charges $66.13 in usage charges (103 CCF used @ $0.59450 per CCF) $1.79 in taxes and fees $103.75 total (3.3 CCF used per day) (Dec. 2018 average temperature = 35.6 deg Fahrenheit) *Inf...
by Dynasty90
Sun Dec 23, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 6089

Re: Home Heating Advice

It would help to know your general location and cost of various fuels: propane $/gal, oil $/gal, electric $/kWh. In the Northeast, oil is typically cheaper than propane for the equivalent BTUs and doesn't require as expensive of a tank. Oil (and gasoline for that matter) is likely to remain relativ...
by Dynasty90
Sun Dec 23, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 6089

Re: Home Heating Advice

How big is the house? 1 or 2 stories? Are you in a cold climate? I have been in our home for a year. It is 4000 sq ft (+/-) has 1000 gallon underground propane tank for Forced air heat (2-zoned system), Water heater, grill and stovetop. In the first year I have spent around $2200 for propane. I own...
by Dynasty90
Sun Dec 23, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 6089

Home Heating Advice

I plan on building a home in a semi-rural setting. There is not a natural gas line at the street and to get a line there from the nearest location is out of my budget. The two options I was suggested from the builder are electricity and/or propane to fuel the furnace, hot water tank, and other appli...
by Dynasty90
Thu Dec 13, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 35
Views: 2727

Potential New Home - Planes and Trains Noise

I am looking into purchasing a piece of land to build a home. I have owned two properties in my life and both came with the unknown and unfortunate reality of loud planes and trains traveling by. It really made me regret purchasing those properties. I don't want to make the same mistake this time, s...
by Dynasty90
Fri Feb 02, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Opening Roth IRA - Vanguard or Fidelity or Charles Schwab
Replies: 11
Views: 4117

Opening Roth IRA - Vanguard or Fidelity or Charles Schwab

I am interested in opening a Roth IRA. The big 3 choices appear to be: Vanguard, Fidelity, and Charles Schwab. Is there an obvious winner or do all 3 have their pros and cons? Fidelity and Charles Schwab have local offices 15 minutes from me. Vanguard is not close to me at all. Having a physical off...
by Dynasty90
Thu Feb 01, 2018 7:37 pm
Forum: Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 10190

Re: What advice would you give yourself if you were 27 again?

I turn 28 in less than a month. I enjoy threads like these. Many thanks to all for posting.
by Dynasty90
Wed Jan 31, 2018 10:31 pm
Forum: Personal Investments
Topic: Thoughts on this beginner strategy?
Replies: 16
Views: 1507

Re: Thoughts on this beginner strategy?

If you met the requirements in 2017, make this Roth IRA contribution count towards 2017. you have until April 15 (or tax day) to do so. Invest in VTI ITOT (Total US Stock) no minimum... target date fund or life strategy funds is good too ( assuming account is with Vanguard ). Edit knowing OP is cho...
by Dynasty90
Wed Jan 10, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: First Will Question
Replies: 1
Views: 258

First Will Question

I currently do not have a will. I am 27, own a home (mortgage), and have assets. No kids or dependents. I am currently engaged and planned to be married in June 2018. My question is: if I get a will now, I know I will have to make changes once married. I looked up the requirements for a will to be v...
by Dynasty90
Sun Nov 19, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Honeymoon Suggestions
Replies: 26
Views: 2662

Honeymoon Suggestions

Hello, We are looking for some suggestions regarding honeymoon destinations. My fiancé and I will get married in June 2018. We will be departing for the honeymoon after our wedding (end of June 2018) for a 7 day trip. Besides Canada, neither of us have traveled outside of the USA. We are looking for...
by Dynasty90
Mon May 08, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moving and Taxes - [What Would You Do]?
Replies: 6
Views: 944

Moving and Taxes - [What Would You Do]?

I sold my residence and will be moving into a temporary living situation for 3-4 months. When the 3-4 months are up, I will be moving into a residence that I purchased (currently under contract - close date is 3-4 months away). Do I notify my employer of the temporary change in address? When living ...
by Dynasty90
Tue Jan 24, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Getting the best current mortage interest rate
Replies: 10
Views: 1904

Getting the best current mortage interest rate

Are there general guidelines to getting the best mortgage interest rate? I have the 20% down payment, excellent credit, and the home selected. A simple search on Google reveals the rates and it seems the biggest difference has to deal with closing costs. Is there any advantage to using a mortgage br...
by Dynasty90
Wed Sep 14, 2016 7:22 am
Forum: Personal Consumer Issues
Topic: Does buying a new vehicle make sense when...
Replies: 26
Views: 3486

Re: Does buying a new vehicle make sense when...

Confused why you would buy a pickup truck if a sedan would do what you needed, but whichever vehicle you buy, I'd go with the new one. I once wanted a pickup just for the sake and for occasionally hauling things, but the more I thought about it, the less practical it seemed. That's where I'm at. I ...
by Dynasty90
Tue Sep 13, 2016 9:16 pm
Forum: Personal Consumer Issues
Topic: Does buying a new vehicle make sense when...
Replies: 26
Views: 3486

Does buying a new vehicle make sense when...

Does buying a new vehicle make sense when the specific model commands a strong resale value? The vehicle in question is the Toyota Tacoma. Tacoma models in my area that are: 1) 4-5 years old, 2) have the V6 and 4WD options, and 3) have between 35k - 70k miles range from $25k - $30k Local dealers aro...
by Dynasty90
Mon Aug 08, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Easy Credit Report Questions
Replies: 5
Views: 781

Easy Credit Report Questions

I just pulled a copy of my credit report. I used TransUnion this time. Should the following items still be on my credit report? I'm unsure of the proper time frame these should be on my credit report. None of them have had a late payment and all have a zero balance. 1. Student loans - 100% paid in f...
by Dynasty90
Fri Jun 03, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 7846

Re: Proper Protocol to Handle Fender Bender

UPDATE #3 I'll keep this brief... - The police have not been able to contact the other party by phone and have stopped by the address on file with no luck - The police ended up contacting a family member to obtain a working/current phone number - The police called and tried to make contact...no luc...
by Dynasty90
Sat May 21, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 7846

Re: Proper Protocol to Handle Fender Bender

UPDATE #2 - The other party's insurance company got back to me - They informed me that the other party cancelled their insurance policy prior to the date of the fender bender - The claim rep informed me that there will be no coverage on their end since the other party did not have a current insuran...
by Dynasty90
Tue May 17, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 7846

Re: Proper Protocol to Handle Fender Bender

UPDATE #1 - I got an estimate from a local body shop regarding the damage....about $650 worth - I tried calling the phone number the other party provided me to discuss what they would like to do (fix damage in or out of insurance)...the line is disconnected - I contacted the other party's insurance...
by Dynasty90
Sat May 14, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 7846

Proper Protocol to Handle Fender Bender

I was in a minor "fender bender" car accident today. No one was hurt as the collisional occurred at a speed of under 5 MPH. I was not at fault. When it occurred, I did the following: - took pictures of the damage - took pictures of the location (street and building) - took pictures of other party's ...
by Dynasty90
Mon May 09, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 3884

Re: More House or More Investing?

If you and your spouse are both working, then you will be spending very little time in your house, especially if you have kids and a dual income. And the little time you do spend there, you will be sleeping or maintaining it. That's my experience. Very good point. We both plan on working even when ...
by Dynasty90
Fri May 06, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 3884

More House or More Investing?

Please excuse the dumb question... I am in a position where I will be getting married and moving from a condo to a home in the next 1-3 years. Currently, I am 26 and she is 24. When we are married, our household income will be about 105k gross. I am not sure what the wiser long term financial decisi...
by Dynasty90
Fri Apr 22, 2016 1:14 pm
Forum: Personal Investments
Topic: Simple & Effective Retirement For A 26 Year Old
Replies: 8
Views: 1698

Re: Simple & Effective Retirement For A 26 Year Old

Kevin, too bad the fees are so high. I'm not going to complain about mine anymore. Sorry I can't help--I'm in the same boat as you but at least you are young! Great job for getting started so early? I work for a small family owned/run business that has around 45 employees. I'm sure that has to limi...
by Dynasty90
Thu Apr 21, 2016 11:03 pm
Forum: Personal Investments
Topic: Simple & Effective Retirement For A 26 Year Old
Replies: 8
Views: 1698

Simple & Effective Retirement For A 26 Year Old

Hello, I’m looking for some input regarding my retirement plan. My goal is to have a plan that is simple, effective, and easy to manage. I have done reading of the Wikis and searched similar topics. I would like some constructive criticism. Emergency funds: 6 months Debt: Mortgage 71k @ 3.875% 30 ye...
by Dynasty90
Fri Mar 25, 2016 12:30 pm
Forum: Personal Investments
Topic: 25 Year+ Vanguard Investor - Introducing Myself
Replies: 5
Views: 1322

Re: 25 Year+ Vanguard Investor - Introducing Myself

Well, I think this is as good of place as any to introduce myself VanguardETF25 (aka:Pete) I started with Vanguard way back in the 1980s and thanks to their planning, advice and my staying the course, I am proud to say that I was able to retire at the ripe "old" age of 59. On retirement, I realigne...
by Dynasty90
Tue Mar 01, 2016 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Is An Online Savings Account A No-Brainer?
Replies: 27
Views: 5383

Is An Online Savings Account A No-Brainer?

Compared to the savings accounts offered by brick and mortar banks (not credit union), is going the route of an online savings account a no-brainer? I know the interest rates for online savings accounts are much better (1% vs 0.02%), but are there any other notable benefits? I have never dealt with ...
by Dynasty90
Fri Jan 30, 2015 3:25 pm
Forum: Personal Consumer Issues
Topic: Disputing A Fraudulent Credit Card Charge
Replies: 18
Views: 2344

Re: Disputing A Fraudulent Credit Card Charge

Thank you for all your replies. I contacted Discover again and this time spoke to a new rep and a person in their "security" division. Long story short - they told me I am not responsible for the charge, they have cancelled the card immediatley, and they have credited my account the amount that was ...
by Dynasty90
Fri Jan 30, 2015 9:26 am
Forum: Personal Consumer Issues
Topic: Disputing A Fraudulent Credit Card Charge
Replies: 18
Views: 2344

Disputing A Fraudulent Credit Card Charge

I could use some advice from fellow Bogleheads regarding a fraudulent credit card charge. I've never had this happen to me before and am unsure how to make sure I do not pay for something I did not buy. Details: I rarely use my Discover card for anything. It's there for extreme emergencies. So the b...
by Dynasty90
Fri Jan 16, 2015 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Investing or Pay Down Mortgage?
Replies: 16
Views: 2676

Re: Increase Investing or Pay Down Mortgage?

I'm going to disagree a little. I think you should pay the mortgage down until the LTV is 80% or less. Nothing sucks more than having a pregnant wife and having to bring money to the table to sell a 1bd condo. (It happens a lot.) That said, I cannot emphasize enough how much you are hurting yoursel...
by Dynasty90
Thu Jan 08, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Investing or Pay Down Mortgage?
Replies: 16
Views: 2676

Increase Investing or Pay Down Mortgage?

Age: 24 (25 in February) Filing Status: Single Tax Bracket: 25% Annual income: 60K State: Ohio Debts: Debt free except for condo Mortgage: 86.5K balance (30 yr fixed rate of 3.875%) Savings: Emergency fund of 10K (6 months living expenses) Retirement: 3.2K Roth 401(k)… Company will match 25% of sala...
by Dynasty90
Thu Jan 30, 2014 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sales Professionals Advise A Young Professional
Replies: 8
Views: 1448

Sales Professionals Advise A Young Professional

Hey everyone, First off, great forum here. There is so much useful information available and I plan on doing a lot of reading/searching these next few days in order to learn. I currently work in the accounting industry and have been interested in sales since I have been introduced to experts like Gr...
by Dynasty90
Sat Jan 25, 2014 1:21 am
Forum: Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 4933

Re: If You Were 24 Years Old What Would You Do?

Please edit your post with the funds to include the expense ratios for each fund. That is a very critical piece of information that is missing and without that we cannot make a good recommendation. Laura Thank you for correcting me, Laura. I have added the expense ratios to each fund. If there is a...
by Dynasty90
Fri Jan 24, 2014 9:35 am
Forum: Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 4933

Re: If You Were 24 Years Old What Would You Do?

After some reading, I feel I can be aggressive and go with a desired asset allocation of 85% stocks/15% bonds. Here is the list of funds I have available through the company's 401k plan. I hope this is enough information for some input, if not I can add to the post: Invesco Stable Asset Fund (Expens...
by Dynasty90
Thu Jan 23, 2014 9:09 pm
Forum: Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 4933

Re: If You Were 24 Years Old What Would You Do?

Professor Emeritus wrote:At 24 I was deep in debt , unemployed but was able to marry the smartest girl I ever met.
I'd do it again in a New York minute
I'm working on finding that smart girl first! Those are tough to find these days :oops:
by Dynasty90
Thu Jan 23, 2014 9:08 pm
Forum: Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 4933

Re: If You Were 24 Years Old What Would You Do?

First of all, great job paying off those loans and having no debt, that is the first thing I would have done and you did it. Although, I would like to have more cash on hand then you do just in case. How stable is your job? I would beef up the emergency fund first, at least 3 months but others will...
by Dynasty90
Thu Jan 23, 2014 12:59 pm
Forum: Personal Investments
Topic: If You Were 24 Years Old What Would You Do?
Replies: 34
Views: 4933

If You Were 24 Years Old What Would You Do?

Hello everyone, I'm hoping to get some advice on what I should do regarding creating a plan for my financial success. I have read books by Dave Ramsey, Ramit Sethi, and Robert Kiyosaki and have been considering using their suggestions. However, before I create a plan of attack and put it in motion, ...