Search found 1384 matches

by Admiral
Sat Nov 17, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 34
Views: 1742

Re: Water-Sewer line insurance

In our city, the maintenance of the section of water and sewer lines that run from the main to the house are the responsibility of the homeowner. When there is an issue (typically collapse of cast iron sewer line) it can cost $3-5k to dig up, replace, backfill, and then repave. Many homeowners on o...
by Admiral
Sat Nov 17, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 34
Views: 1742

Re: Water-Sewer line insurance

I've never heard of this and want to follow. I've got a 60+ year old cast iron pipe for half of my house we've been nursing for a while. I'm just curious what the company's history is of paying claims. That seems like a bad deal for them Cast iron inside the house is not covered, if that was not cl...
by Admiral
Sat Nov 17, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 34
Views: 1742

Water-Sewer line insurance

In our city, the maintenance of the section of water and sewer lines that run from the main to the house are the responsibility of the homeowner. When there is an issue (typically collapse of cast iron sewer line) it can cost $3-5k to dig up, replace, backfill, and then repave. Many homeowners on ou...
by Admiral
Thu Nov 15, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Moving taxable account positions between brokerages?
Replies: 5
Views: 282

Re: Moving taxable account positions between brokerages?

"Transfer in kind" means that everything that can transfer as is, does. So if you own a fund, say XYZ, that Fidelity allows you to own (they may allow certain funds to be owned, but not let you buy them otherwise), it will transfer. If it's a fund that Fidelity doesn't allow, then it will need to b...
by Admiral
Wed Nov 14, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 113
Views: 15827

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Hi everyone, With all the swings up and down recently I am finding that it's too much volatility for me. My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months ...
by Admiral
Wed Nov 14, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 113
Views: 15827

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Hi everyone, With all the swings up and down recently I am finding that it's too much volatility for me. My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months ...
by Admiral
Wed Nov 14, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Help or Advice on Land Purchase
Replies: 8
Views: 715

Re: Help or Advice on Land Purchase

Can the land be subdivided and partially sold? Does this interest you? 120 acres is a lot. Conceivably you could have your father sell off a parcel which would serve to give him some capital and (potentially) reduce your capital needs to purchase what's left.

Just throwing it out there.
by Admiral
Wed Nov 14, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying Property - 20 or 25% down?
Replies: 6
Views: 510

Re: Buying Property - 20 or 25% down?

Hey everyone, It looks like I might have a signed contract by the end of today on a property I'd like to buy. Now I'm on to the stage of finding a mortgage. What are your opinions on 20 vs 25% down? Property = $460,000 20% down, $92,000 - 5.125% $2003/mo 25% down, $115,000 - 4.875% $1826/mo Money u...
by Admiral
Tue Nov 13, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to compare job with 401k vs. without
Replies: 5
Views: 414

Re: How to compare job with 401k vs. without

Because I am a "highly compensated employee" and my company does not offer a safe harbor plan, every year I get most of my contribution refunded back to me in the form of a distribution, which essentially "uncontributes" my money and it becomes taxable as ordinary income. Assuming all else is equal...
by Admiral
Tue Nov 13, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to compare job with 401k vs. without
Replies: 5
Views: 414

Re: How to compare job with 401k vs. without

Because I am a "highly compensated employee" and my company does not offer a safe harbor plan, every year I get most of my contribution refunded back to me in the form of a distribution, which essentially "uncontributes" my money and it becomes taxable as ordinary income. Assuming all else is equal...
by Admiral
Tue Nov 13, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to compare job with 401k vs. without
Replies: 5
Views: 414

Re: How to compare job with 401k vs. without

Because I am a "highly compensated employee" and my company does not offer a safe harbor plan, every year I get most of my contribution refunded back to me in the form of a distribution, which essentially "uncontributes" my money and it becomes taxable as ordinary income. Assuming all else is equal...
by Admiral
Fri Nov 09, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

Hello I posted this thread here but after doing folks helped me realize I should start with my portfolio than work down to the 409A plan. So here goes. Emergency funds: I'm setting aside 3 months of pretty liberal spending and total expenses for this exercise. Debt: credit card - None school loans ...
by Admiral
Fri Nov 09, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Reverse Mortgage
Replies: 17
Views: 1883

Re: Reverse Mortgage

I don't like them. If you require money for in-home care, I'd consider a home equity loan, assuming they can get one based on their finances. Or, if they intend to leave you the home, are you able to pay for their care with the expectation that you will recoup your outlay when you get the house? How...
by Admiral
Thu Nov 08, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11743

Re: If expenses are low, are some of us over saving?

The short answer to your question is because it's better to have it and not need it than need it and not have it. Clearly savings versus spending is a balance in terms of lifestyle. This is Bh, not MMM, where frugality trumps all. If you can afford to max out retirement savings and still enjoy the l...
by Admiral
Thu Nov 08, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7371

Re: Do people calculate savings rate on gross income?

[ This is just an approximation. I got lazy. The doctors are paying 37% for their entire income and the nurses are paying 0%. I think these approximations work in your favor, yes? Here are the numbers that i came up with as a rough estimate. I will note that neither example takes into consideration...
by Admiral
Thu Nov 08, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7371

Re: Do people calculate savings rate on gross income?

My current rate of savings is approximately 120% of what my expected income needs will be that will not be covered by other sources (pension and SS) in retirement. I don't calculate what the percentage is (gross or net) since it's not super relevant, and we max out retirement accounts anyway. For ex...
by Admiral
Tue Nov 06, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1621

Re: Actively Managed Bond Funds

I have to disagree with the above poster. The only bonds I would refer to as being designed for safety almost exclusively are Short-term US treasury bills. Pretty much all other types (basically most of them) also have return as a reason for their purchase to varying, increasing degrees (return exp...
by Admiral
Tue Nov 06, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: high deductible vs. PPO calculation--high deductible always wins?
Replies: 35
Views: 3060

Re: high deductible vs. PPO calculation--high deductible always wins?

Get an HMO. We pay $1,000/year for four people. Well visits are free. Specialists are $40 co-pay, which I then get back pre-tax from my flex plan. No office visit is required to get a referral.
by Admiral
Tue Nov 06, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1621

Re: Actively Managed Bond Funds

Does anyone here believe that active management can make a sustainable difference in Bond investing. Thanks~ No. Plus bond returns are generally modest anyway, so why would you want to give a larger percentage of your return to some so-called expert? Nor do I believe it can make a sustainable diffe...
by Admiral
Fri Nov 02, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11032

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

One thought relevant to the OP's story. For the majority of Americans, their home is their biggest asset: More valuable than (what we know is for most people meager) retirement and savings accounts. Thus, the more home equity one has, the more options they have when it comes time to sell. Again, thi...
by Admiral
Thu Nov 01, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Looking for a BH type site to help with retirement healthcare
Replies: 6
Views: 802

Re: Looking for a BH type site to help with retirement healthcare

Hi All, This site has been an invaluable help to me as far as my financial goals and objectives are concerned, and thanks to all of you I think I have all of that under control. Now I need to navigate the complicated world of health insurance for me (age 59), and Medicare for my wife (Age 65). Can ...
by Admiral
Thu Nov 01, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8990

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Show me the man who is certain the stock market will return x % over x amount of years and I'll show you a fool not worth his salt. We are passive investors, therefore we don't expect to make great returns on our investments . We don't analyze stocks and buy companies at a "bargain price". We don't...
by Admiral
Wed Oct 31, 2018 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8990

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Show me the man who is certain the stock market will return x % over x amount of years and I'll show you a fool not worth his salt. We are passive investors, therefore we don't expect to make great returns on our investments . We don't analyze stocks and buy companies at a "bargain price". We don't...
by Admiral
Mon Oct 29, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: The Case for Renting
Replies: 31
Views: 3653

Re: The Case for Renting

Personally I can't imagine renting with children, but that's just MHO, I don't live in NYC (though I did, when I was childless). Why's that? I've owned for a while, but seems like renting would be easier which could be better for busy, young families. Stability of homelife/being grounded and price ...
by Admiral
Mon Oct 29, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: The Case for Renting
Replies: 31
Views: 3653

Re: The Case for Renting

Personally I can't imagine renting with children, but that's just MHO, I don't live in NYC (though I did, when I was childless). Why's that? I've owned for a while, but seems like renting would be easier which could be better for busy, young families. Stability of homelife/being grounded and price ...
by Admiral
Mon Oct 29, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: The Case for Renting
Replies: 31
Views: 3653

Re: The Case for Renting

Hi all Wife and I are 37 years old and live in a HCOL area and will stay here (lawyer licensed in NY). Our combined income is approximately 400k a year and we have about 500k saved for retirement with another 150k in taxable and cash. I have approximately 14k left in student loans at 2.45 % left af...
by Admiral
Fri Oct 26, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Buying an investment condo in Panama City Beach
Replies: 16
Views: 2502

Re: Buying an investment condo in Panama City Beach

We've been talking about possibly buying an investment condo on the ocean in PCB. We are thinking that since the hurricane devastated the area, we could possibly find a one bedroom condo on the cheap. That said, we would be willing to spend 200k on a nice unit. What is the potential ROI on a nice o...
by Admiral
Mon Oct 22, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3971

Re: Timing mortgage pay down

After maxing out the tax deferred accounts, each month I put 75% of extra funds into an 80/20 taxable account, and 25% of extra funds towards mortgage principal. I do this despite a 2.625% mortgage rate. I am hoping to finish paying off this mortgage in early 2019. Once there is no more mortgage to...
by Admiral
Sun Oct 21, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3086

Re: Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simp...
by Admiral
Fri Oct 19, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3971

Re: Timing mortgage pay down

The one topic that seems to be discussed to no end on this forum is whether to pay down your mortgage or invest. This got me thinking whether the optimal answer depends on timing. Traditional amortization schedules heavily weigh interest in the early life of the mortgage. Your monthly payment doesn...
by Admiral
Fri Oct 19, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16588

Re: Total Bond Market Fund - interest rates rising!

that bond returns will probably be depressed for a similar time. Define "depressed"? Total Bond yield is now 2.73%, higher than it's been in ten years. Yes, it's not 4 or 5%. But it's not .5% either. Perhaps lower expectations are in order. Stocks are for risk and return, better to chase performanc...
by Admiral
Fri Oct 19, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16588

Re: Total Bond Market Fund - interest rates rising!

With those kind of piddly gains, wouldn't it be better to put the bonds/fixed-income portion of your portfolio in a short-term FDIC-insured CD? For example, bankrate.com shows a 15-month CD at 2.75% APY. It seems like that would be the better route rather than speculating on a bond fund at this tim...
by Admiral
Fri Oct 19, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Advice on using a Special Purpose Entity to get Education Improvement Tax Credits
Replies: 3
Views: 303

Re: Advice on using a Special Purpose Entity to get EITC

BL wrote:
Fri Oct 19, 2018 8:33 am
No knowledge, but abbreviations should be spelled out. I thought of Earned Income Tax Credit with EITC.

That might get others to comment.
It's spelled out in the post but I changed the thread title.
by Admiral
Fri Oct 19, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3971

Re: Timing mortgage pay down

There is one thing missing from this discussion. Paying down a mortgage is a sure thing. If the mortgage is 3.5%, your return is 3.5%, done deal. When you invest that money in the market, you will earn and lose varying amounts each year. And that amount is unpredictable and unknowable. In the past,...
by Admiral
Fri Oct 19, 2018 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3971

Re: Timing mortgage pay down

The one topic that seems to be discussed to no end on this forum is whether to pay down your mortgage or invest. This got me thinking whether the optimal answer depends on timing. Traditional amortization schedules heavily weigh interest in the early life of the mortgage. Your monthly payment doesn...
by Admiral
Thu Oct 18, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Advice on using a Special Purpose Entity to get Education Improvement Tax Credits
Replies: 3
Views: 303

Advice on using a Special Purpose Entity to get Education Improvement Tax Credits

The school that my children attend has set up a SPE to aggregate donations, which are then used to get Education Improvement Tax Credits, which allow them to give the money to the school for scholarships for needy families (a cause we have supported in the past via direct donation.) This is in PA. T...
by Admiral
Wed Oct 17, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8990

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I often see the argument against paying off your mortgage early, because it is "putting more money into your house". Isn't it the opposite? I put the money in the day I closed on the house and took the mortgage. If anything the only added money going "into the house" is the interest on the mortgage...
by Admiral
Wed Oct 17, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: International Fund Down - What to do?
Replies: 36
Views: 2383

Re: International Fund Down - What to do?

(Updated totals below including 401K) I have a good amount of International Exposure in my 3 Fund Portfolio Brokerage (taxable) and notice that my International / Bond had been walloped and down 5% from when I purchased. What would be your guys suggestions moving forward and is there anything I can...
by Admiral
Tue Oct 16, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1117

Re: Sell & Buy New Home Now vs. Next Spring

You haven't told us where you live... your property taxes may be a factor in your decision, and a drop in house prices would help you out there. You will be paying property taxes long after you pay off your house (assuming you stay in that house long-term, which of course is a big assumption). Unle...
by Admiral
Tue Oct 16, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Confusion
Replies: 2
Views: 216

Re: Backdoor Roth IRA Confusion

All, I received an email today from vanguard. It says "As a result of the Tax Cuts and Jobs Act signed into law late last year, investors who convert a traditional IRA or other tax-deferred retirement account to a Roth IRA after December 31, 2017, can no longer recharacterize (in other words, rever...
by Admiral
Tue Oct 16, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1117

Re: Sell & Buy New Home Now vs. Next Spring

A home purchase is one of the most significant (and thus stressful) financial decisions one can make. Therefore, it should not be rushed... and especially not by some random agent or banker. If you're worried about getting into a particular school district for next year, you can always rent for a ye...
by Admiral
Fri Oct 12, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

I think you're taking the term "on sale" too literally. Many (most?) people on the forum who buy stocks do so on a regular schedule that coincides with their paychecks and hence retirement account contributions. Assuming the amount invested each period is fixed, and the stocks being purchased are th...
by Admiral
Fri Oct 12, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth if income is in phase out range
Replies: 13
Views: 693

Re: Backdoor Roth if income is in phase out range

My wife and I have almost completed moving all of our traditional IRA's into our current employer 401k plans in preparation for a backdoor roth conversion. Our MAGI seems to be somewhere within the Roth IRA phase out range, but I can't predict the exact amount due to potential year end bonuses, and...
by Admiral
Thu Oct 11, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5628

Re: Keep a backup hot water heater?

Mine is 13 years old, though it's one of those "lifetime" (riiight) Phase II water heaters with a plastic or PVC type exterior (the inside is still metal) that supposedly keeps it from bursting. What I've done is placed one of those $5 leak detectors on the floor next to it--on the hope/assumption ...
by Admiral
Thu Oct 11, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5343

Re: Pls help us design our family life!!!

Your house is much too expensive for your CURRENT incomes (forget about reduced incomes). It strikes me as that simple. 40% +/- of your take home. That's not real sustainable if you want to reduce your income.

You need less house. Sorry, but that's what jumps out at me.
by Admiral
Thu Oct 11, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5628

Re: Keep a backup hot water heater?

If it fails order a replacement and heat water on the stove for sponge baths and wash your clothes in cold water until it's installed, or just wear different clothes. Sounds rough but you will survive. Also "hot water heater" is a redundant misnomer. Why would you have a device to heat water that's...
by Admiral
Thu Oct 11, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5628

Re: Keep a backup hot water heater?

Mine is 13 years old, though it's one of those "lifetime" (riiight) Phase II water heaters with a plastic or PVC type exterior (the inside is still metal) that supposedly keeps it from bursting. What I've done is placed one of those $5 leak detectors on the floor next to it--on the hope/assumption t...
by Admiral
Thu Oct 11, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2278

Re: Mortgage vs. Cash

15-year mortgage (borrow 300k or so). keep some liquidity. You are worried about stocks crashing or being all-time high. Do you have any concerns about the housing market? Interest rates, affordability, etc... To others: I regret having had a paid off mortgage (age 39).... because I moved and now I...
by Admiral
Thu Oct 11, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2278

Re: Mortgage vs. Cash

Try to find someone, anyone who regrets paying off their mortgage. I'm glad every day and it was more than 15 years ago. If it were me, I'd pay in cash. You have to decide if you want to borrow money to invest it, because that's what you're doing. Do you invest with money borrowed on margin? Why no...
by Admiral
Wed Oct 10, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6715

Re: Do Bonds Go in Taxable?

... $1 pre-tax into your 401k vs. $1 pre-tax into your Roth (say, $0.70 into the account) will be worth the same in retirement if you tax-rate doesn't change. But if your 401k grows more than your Roth, you could be forced to "withdraw" (via RMD) more than you'd normally have even spent, thus forci...