Search found 1290 matches

by Admiral
Fri Sep 21, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio with 3.2% Yield
Replies: 9
Views: 373

Re: Portfolio with 3.2% Yield

Past results are not indicative of future returns. And certainly not a recent 10 year period which correlates to and is predictive of nothing. Take a look at the Three Fund Portfolio in the Wiki. Why are you worried about high-yield funds and dividends? Unless you're retired and need dividend income...
by Admiral
Fri Sep 21, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 17
Views: 1417

Re: Paying off mortgage vs investing?

If I were in your shoes it would depend what my job security and expected cash flow looked like. The fact that you have renters to lower the net outflow is great! Hopefully they're clean and quiet. If you pay $10,000 off now, you're going to save roughly $28,000 in interest over 30 years. If you pa...
by Admiral
Fri Sep 21, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 29
Views: 1847

Re: Another mortgage repayment thread..

Bingo. A HELOC combines the liquidity of cash with the benefit of no mortgage This implies the mortgage is paid off. And anyway this is also misleading as a HELOC does not "combine the liquidity of cash with no mortgage." A HELOC is a loan with an interest rate attached to it, same as a mortgage. I...
by Admiral
Thu Sep 20, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 29
Views: 1847

Re: Another mortgage repayment thread..

Find a zero cost HELOC. Then pay down the mortgage. It's what I did. What is a "Zero cost HELOC"? Are there lenders out there I don't know about that are willing to give you a $200k loan that has no interest? Borrowing money usually has a cost attached (putting aside 0% car loans.) Or are you sayin...
by Admiral
Thu Sep 20, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 17
Views: 1417

Re: Paying off mortgage vs investing?

Also keep in mind that when you pay down (as opposed to paying off ) a mortgage, the savings are not realized until the day in the future (whenever that day comes) that the loan is paid off in full and your payments disappear. Thus, you're realizing the saving in future (inflated) dollars, which are...
by Admiral
Thu Sep 20, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 29
Views: 1847

Re: Another mortgage repayment thread..

Would you borrow $275k at 2.75% interest to invest today? If yes, then invest the money. If not, then pay off the mortgage. This formulation is often used, but it does not reflect the real world. First, when you borrow for a home, no one expects you to have collateral that is equal to the value of ...
by Admiral
Thu Sep 20, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 29
Views: 1847

Re: Another mortgage repayment thread..

Find a zero cost HELOC. Then pay down the mortgage. It's what I did. What is a "Zero cost HELOC"? Are there lenders out there I don't know about that are willing to give you a $200k loan that has no interest? Borrowing money usually has a cost attached (putting aside 0% car loans.) Or are you sayin...
by Admiral
Thu Sep 20, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 17
Views: 1417

Re: Paying off mortgage vs investing?

You cannot look at the amount in interest you would pay over 30 years (which is indeed fearsome for any loan, because 30 years is a long time). 1) You might not be in the home for 30 years 2) You might refinance 3) Inflation eats away at the true cost of the loan because the rate is fixed (i.e. in 2...
by Admiral
Wed Sep 19, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4302

Re: Bonds. Why? (vs. cds)

I would also add that many company-sponsored retirement plans do not offer CDs as an option. Bond funds, yes. CDs, not so much. That's not to say you cannot get brokered CDs in T-IRA accounts; you can. They are just generally less available in employer plans.
by Admiral
Wed Sep 19, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 2979

Re: What's the best early retirement strategy for us?

Why did you not refinance to a lower mortgage rate anytime in the last 15 years? You could have saved tens of thousands. How will you pay for your 16YO's college tuition (assuming the plan includes college)? How will you pay for healthcare before Medicare kicks in? That alone can be many hundreds if...
by Admiral
Wed Sep 19, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 47
Views: 2851

Re: Asset allocation calculator

Your AA is based on risk tolerance If it were only based on that, then one would always choose the riskiest AA he can bear. That would not serve well all those who don't need to take so much risk because their target is closer. I agree that one may reevaluate targets not only to stay within tolerab...
by Admiral
Wed Sep 19, 2018 6:22 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 2979

Re: What's the best early retirement strategy for us?

My wife and I are planning to retire early...in Jan 2031. I will be 55, she will be 52. I'm currently 43, she is 39. The reason we want to retire early is we are both already fed up of working basically, and more importantly, we got the Airstream bug and want to buy a nice rig and travel full time....
by Admiral
Tue Sep 18, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3246

Re: Equity in house / Do you use it?

I think that for things like funding a child's education, using home equity in lieu of other types of higher-interest loans is acceptable, and many people do it. Some even do it instead of using taxable investments, either owing to potential capital gains or simply because they want to stay in the ...
by Admiral
Tue Sep 18, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3246

Re: Equity in house / Do you use it?

I'm a private banker, and many of our clients maintain home equity lines of credit. These are often used for things like making quarterly tax estimate payments, paying for new cars/boats/planes outright versus going through the hassle of getting a separate amortizing loan for those purchases, payin...
by Admiral
Tue Sep 18, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Does Vanguard's Asset Mix indicator include outside holdings?
Replies: 3
Views: 215

Re: Does Vanguard's Asset Mix indicator include outside holdings?

If you go to the portfolio watch and stock tab it will tell you everything included in your asset allocation. If you have added items under outside investment it will be included in your asset allocation. Ah, ok, got it. I actually have not used the Portfolio Watch tool but it does look like the ou...
by Admiral
Tue Sep 18, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3246

Re: Equity in house / Do you use it?

I think that for things like funding a child's education, using home equity in lieu of other types of higher-interest loans is acceptable, and many people do it. Some even do it instead of using taxable investments, either owing to potential capital gains or simply because they want to stay in the m...
by Admiral
Tue Sep 18, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Does Vanguard's Asset Mix indicator include outside holdings?
Replies: 3
Views: 215

Does Vanguard's Asset Mix indicator include outside holdings?

I think the answer is no, since the "Performance" tab does not account for anything that is in "outside holdings" but I just want to make sure that when "Asset Mix" is displayed and "All Portfolios" is clicked, the percentages displayed DO NOT account for anything you hold outside of Vanguard but tr...
by Admiral
Mon Sep 17, 2018 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 47
Views: 2851

Re: Asset allocation calculator

I would also add that the Vanguard page you cite, while showing what different types of portfolio allocations have done historically, should be taken with a huge grain of salt. For example, their 100% bond portfolio may have returned an average of 5.6% since 1929, but, well, needless to say, not la...
by Admiral
Mon Sep 17, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k roth or trad in NJ
Replies: 13
Views: 645

Re: 401k roth or trad in NJ

Pre-tax is right for most people, regardless of where you live. Now, when you factor in two large SS payments plus a pension, it gets trickier in terms of your taxable income in retirement (in my case we could be looking at nearly 100k in retirement income, but that's still way below our current ma...
by Admiral
Mon Sep 17, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: 401k roth or trad in NJ
Replies: 13
Views: 645

Re: 401k roth or trad in NJ

Pre-tax is right for most people, regardless of where you live. Now, when you factor in two large SS payments plus a pension, it gets trickier in terms of your taxable income in retirement (in my case we could be looking at nearly 100k in retirement income, but that's still way below our current ma...
by Admiral
Mon Sep 17, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 47
Views: 2851

Re: Asset allocation calculator

I would also add that the Vanguard page you cite, while showing what different types of portfolio allocations have done historically, should be taken with a huge grain of salt. For example, their 100% bond portfolio may have returned an average of 5.6% since 1929, but, well, needless to say, not lat...
by Admiral
Mon Sep 17, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4401

Re: Dilemma: Add room to current house or buy new house?

Putting aside my opinion that 6000 square feet is an enormous house to begin with: If you need more space, the way to determine the price is based on per square foot construction pricing IN YOUR AREA. Construction pricing is very regional. Building in rural Mississippi costs less than in Manhattan. ...
by Admiral
Mon Sep 17, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4401

Re: Dilemma: Add room to current house or buy new house?

dm200 wrote:
Mon Sep 17, 2018 10:14 am
Our house is 1,250 sq ft total (2 floors) 3 BR 1 bath.
From your avatar, it looks like the second floor is a dormer... :D
by Admiral
Mon Sep 17, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4401

Re: Dilemma: Add room to current house or buy new house?

Even though the house is pretty large (>6000sqft) including unfinished basement, my spouse always thought or felt it was a bit too small.... What do you suggest is the best course of action? Family counseling. That is not meant to be snarky but if 6000 square feet is not big enough then there is so...
by Admiral
Mon Sep 17, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: 401k roth or trad in NJ
Replies: 13
Views: 645

Re: 401k roth or trad in NJ

Pre-tax is right for most people, regardless of where you live. Now, when you factor in two large SS payments plus a pension, it gets trickier in terms of your taxable income in retirement (in my case we could be looking at nearly 100k in retirement income, but that's still way below our current mar...
by Admiral
Fri Sep 14, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 82
Views: 5789

Re: Leasing Cars in Retirement

Wanted to get others thoughts on leasing cars in retirement in lieu of triggering an additional taxable event by spending down investments. Thinking $350 or so monthly for three years within mileage allowances, wash and repeat. Pluses are covered maintenance and investments continue to grow. Please...
by Admiral
Thu Sep 13, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1754

Re: Determining when to take Social Security if you don’t need the money

Is it really that complex? I was born in '51, my wife in '52. My SS benefit is much higher than hers. She began collecting at 66 and I'm getting half of that. At 70, I'll collect mine and she'll get half of that. Assuming that you live long enough isn't this generally the best strategy to maximum p...
by Admiral
Thu Sep 13, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1754

Re: Determining when to take Social Security if you don’t need the money

The way I see the issue is that if one needs their SS payment, then there is no choice. If one does not need it, then it means they would be investing it. Therefore it becomes an issue of comparing possible market returns. with their relative degree of uncertainty, to certain returns one obtains by...
by Admiral
Thu Sep 13, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1754

Re: Determining when to take Social Security if you don’t need the money

We are lucky in that we do not intend on needing Social Security for our living expenses, and intend to leave a legacy to our family. Now age 59 and we are a retired couple. I am entitled to a rather significant payment, and my spouse’s amount at half of my amount is higher than what would be avail...
by Admiral
Thu Sep 13, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Service Date for Vesting - Teacher
Replies: 12
Views: 828

Re: Service Date for Vesting - Teacher

How about credits for teaching over the summer? Have you explored that? Also one might be able apply un-used vacation time toward pension qualification. Did you see if that's possible? Another option: Be forthright with the administration. Tell then you are relocating, you don't want to be disruptiv...
by Admiral
Thu Sep 13, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10958

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I am 47, and make a very good salary for a job I find fulfilling and that is, in general, low stress. Last year I had the option of a similar job but with more work and prestige, for a different organization, for more money, at least 20-25k more per year. However, it would have required regular week...
by Admiral
Thu Sep 13, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5544

Re: Vacation house? Need objective third party

Look, there's an easy way for the OP to make the decision (or help us help them make it): What is left from your take-home, each month, after all expenses are accounted for ? (This means after taxes, retirement savings, car payments, tuition, costs of daily life, etcetera.) And, second, what is the ...
by Admiral
Wed Sep 12, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2356

Re: Hypothetical Question - Market Timing

This is strictly a hypothetical situation for educational purposes only. I know that market timing is not a great strategy. Here's the 2 different scenarios... Market today - S&P 500 @ 3,000 1) If I invest 10,000 today in a S&P 500 index fund, and the market drops by 50% over the next 6 months, the...
by Admiral
Wed Sep 12, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2576

Re: Mr.No - another should I pay off my mortgage, post

Hello everyone, I’be been following this forum for over a year and this is my 1st post. I learned a lot by reading posts daily. Question: 1. Should we pay off our mortgage or not? I’ve been debating about this for long time. Should we pay off the mortgage and be done with it or keep investing and h...
by Admiral
Tue Sep 11, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5544

Re: Vacation house? Need objective third party

Putting aside the finances of affordability, a vacation home that requires an airline flight?? Better factor that in to your budget (not to mention the hassle in general of air travel). Seems like you would get even less use out of it than if it were closer (car ride). With your huge income you coul...
by Admiral
Tue Sep 11, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6060

Re: Paying off mortgage with 87K left on it

Agreed, on the mechanics, but for a few hundred the option to pay less if I had to is appealing. I guess there is no reason to do it now and I could wait until it was ever needed. The question is if interest rates have doubled then or worse -- its that + a surprise layoff -- maybe they wouldn't off...
by Admiral
Tue Sep 11, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 9871

Re: Anyone else not save for cars?

Most of the advice on the forum about saving up and paying cash for a car (versus making payments) is because it's much more likely to overspend using financing than having to experience the "pain of paying" cash for a new car. There's nothing intrinsically wrong with a low-rate loan, provided you a...
by Admiral
Tue Sep 11, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6060

Re: Paying off mortgage with 87K left on it

Agreed, on the mechanics, but for a few hundred the option to pay less if I had to is appealing. I guess there is no reason to do it now and I could wait until it was ever needed. The question is if interest rates have doubled then or worse -- its that + a surprise layoff -- maybe they wouldn't off...
by Admiral
Mon Sep 10, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6060

Re: Paying off mortgage with 87K left on it

I see this much as you do, with a key attraction of a paid-off mortgage being the flexibility and options that come with increased cash flow each month due to elimination of the monthly mort payment. The less we owe and the less we spend, the less we *need* to have on hand. The increased monthly ca...
by Admiral
Mon Sep 10, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6060

Re: Paying off mortgage with 87K left on it

I'll play. Your rate is low by historical terms, absolutely, but not so low that investing in bonds instead of paying it off is a no brainer (based on current rates), which makes the choice more difficult. The interest savings is $7700, and that's real money. On the other hand, that's a tiny fractio...
by Admiral
Mon Sep 10, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 71
Views: 5360

Re: Amazon Prime - Value?

A decreasing number of my Amazon shipments arrive in 2 days - and this is not due to the shippers. Upon clicking to pay, I see now most items estimated to arrive in up to 5 days. I tried to ask why using Chat or Phone, but the reps don't seem to have an answer. They appear to be reading from a scri...
by Admiral
Sun Sep 09, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fee only Financial planners
Replies: 31
Views: 2596

Re: Fee only Financial planners

I paid $300 to a wealth manager/financial planner my MIL uses (she is VHNW) for them to do a retirement and savings/spending plan for us. I made it clear that was all I wanted, for now. Gave him info on our assets etc, he ran it thru software. The result was A) not significantly different or more de...
by Admiral
Sun Sep 09, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: car purchase feedback experience
Replies: 20
Views: 1177

Re: car purchase feedback experience

Poor dealerships and salespeople deserve every negative piece of feedback they get, including but not limited to withholding of bonuses and inventory. One would hope this will encourage them to do better. If it doesn't, then they don't deserve to be in business in the first place. There are many, ma...
by Admiral
Sat Sep 08, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Building a web site-how to, costs?
Replies: 13
Views: 741

Re: Building a web site-how to, costs?

Weebly. Free (If you don't mind a tagline at the bottom.) They will also host your domain for free. You can buy and register a domain for $100 for like ten years.
by Admiral
Sat Sep 08, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: returns for the next decade
Replies: 40
Views: 4160

Re: returns for the next decade

Today’s front cover page of WSJ talks about Generation Z and how they are much more wary of debt and financial opulence. There will be some who may get crushed, humans are mostly resilient, you adapt or you perish. The Great Depression was a wake up call, ten years ago we had another wake up call, ...
by Admiral
Sat Sep 08, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: new homes being built next door, effect on value of my home?
Replies: 20
Views: 2053

Re: new homes being built next door, effect on value of my home?

So what did the developer pay for the old homes/lots/tear-downs? What were their condition compared to your home? Comparables. Comparables. Comparables. This is the main issue. (I'd also add that homes in the northeast are built all winter, they don't wait for spring.) Near my 170-year old city hom...
by Admiral
Thu Sep 06, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor - Deferred Comp vs. Roth IRA
Replies: 10
Views: 787

Re: Beginner Investor - Deferred Comp vs. Roth IRA

Thank you both! So I did look at the funds suggested and did make some changes to be investment allocations. Especially switching from the Small Cap Growth with a 0.89% ER to the DCP Small cap Equity with an ER of 0.11% seems to be a great decision. My girlfriend just started her job so we will sta...
by Admiral
Thu Sep 06, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3036

Re: How Big of a Mortgage Should We Get?

denovo wrote:
Thu Sep 06, 2018 1:43 pm
Do not sell off equities. 15 percent capital gains tax (or more? depending on your situation) is a waste of money. Put down enough (20%) to avoid PMI and borrow the rest.

Mortgage interest is tax deductible.
Not in OP's case.
by Admiral
Thu Sep 06, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3036

Re: How Big of a Mortgage Should We Get?

Just pay cash and be done with it. You can always take out a loan (or line of credit) off the house anytime you'd like if you start to get uncomfortable and need cash. You'll rebuild your savings & taxable investments backup in no time. Isn't a line of credit only off your principal of your loan? T...
by Admiral
Thu Sep 06, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: How Big of a Mortgage Should We Get?
Replies: 41
Views: 3036

Re: How Big of a Mortgage Should We Get?

I would put as much down as possible and a 15 year mortgage or pay cash if I could. Just calculate how much you would save in interest payments ! Don't forget closing, moving and misc. costs of the transaction. Also have a good emergency fund in place. I paid cash for my house at the age of 43 and ...