Search found 895 matches

by Admiral
Wed Dec 13, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Prepayment of Property Taxes with Escrow
Replies: 9
Views: 479

Re: Prepayment of Property Taxes with Escrow

Does anyone know what would happen if I prepaid my property taxes directly to the tax collector before year end on a property that also utilizes an escrow to collect and pay? The escrow won't pay until February, but if I pay early will the escrow administrator catch it and not double-pay? If so I i...
by Admiral
Tue Dec 12, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: prudent buying a refurbished laptop?
Replies: 23
Views: 1285

Re: prudent buying a refurbished laptop?

I've gone almost exclusively to a chromebook. In large part to avoid the hassle of setting up a new windows machine. That said I continue to run MS Money on a very old laptop (W7) that's showing lots of mechanical(?) problems: keyboard and trackpad stopped working so I added an old external trackba...
by Admiral
Tue Dec 12, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 46
Views: 1991

Re: Play money individual stocks, which ones?

I quit playing in individual stocks years ago. It became too much of a second job for me doing research and tracking investments and when some of the valuations of the stock I was holding started not making sense I decided it was time to find other hobbies. +1. I quit the stock game in 2008. I used...
by Admiral
Tue Dec 12, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 46
Views: 1991

Re: Play money individual stocks, which ones?

None. I use my play money for vacations. :beer
by Admiral
Mon Dec 11, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Cap gains - when?
Replies: 8
Views: 697

Re: Cap gains - when?

pepperz wrote:
Mon Dec 11, 2017 2:32 pm
Thank you for the info... looks like even if you elect to automatically re-invest dividends you still may be responsible for the taxes on those dividends that year. Even if you did not sell any shares. Is that correct?
Dividends are taxable, reinvested or not, in a taxable account.
by Admiral
Mon Dec 11, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Cap gains - when?
Replies: 8
Views: 697

Re: Cap gains - when?

Let’s say someone regularly buys S&P 500 in a taxable brokerage account... holds it for 20-30 years and doesn’t sell a share until retirement. Would capital gains taxes only be applied when you sell? Any other fees being taken out every year that take away from compounding? The answer is: it depend...
by Admiral
Fri Dec 08, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1589

Re: Extended warranty on 2018 Outback

Mulling this over and interested in feedback. I purchased a 2018 Outback 3.6R Limited with EyeSight and cold weather package #1 last week. Out the door price was 38,180. The car comes with the usual 3 year, 36,000 mile warranty. We're not car people so we expect to have this car for 10+ years. I ca...
by Admiral
Thu Dec 07, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 32
Views: 2064

Re: Timing the housing market

You need to wait to find out the final form of the tax law change re property tax deduction and mortgage interest deduction. The old rule of thumb of qualifying for a mortgage with 28% or less of your monthly income for PITI was always based on the ability to deduct tax and interest. So, after the ...
by Admiral
Wed Dec 06, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 32
Views: 2064

Re: Timing the housing market

I would ignore the headlines, just as I ignore the financial news headlines. You can't time the market, and you have no idea what any proposed changes might do, plus or minus. Focus on finding a house that fits your budget and then locking in a mortgage rate that makes it affordable. I personally wo...
by Admiral
Mon Dec 04, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 2673

Re: Umbrella liability insurance policy to match portfolio size?

We have State Farm for home, auto, personal articles, and umbrella. The home policy has declined a bit, auto has stayed the same. The Umb is $199 per year for $1m in coverage.
by Admiral
Mon Dec 04, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

1/2 pay off mortgage 1/2 invest. You get benefit of both. Or half the benefit of each, depending on your perspective... 8-) Exactly. Don't put all egg in one basket though 1/2 of bebefit but also 1/2 of the risk If one has sufficient non-retirement assets and liquidity, there's very little downside...
by Admiral
Mon Dec 04, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

1/2 pay off mortgage 1/2 invest. You get benefit of both. Or half the benefit of each, depending on your perspective... 8-) Exactly. Don't put all egg in one basket though 1/2 of bebefit but also 1/2 of the risk If one has sufficient non-retirement assets and liquidity, there's very little downside...
by Admiral
Mon Dec 04, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

WhiteMaxima wrote:
Mon Dec 04, 2017 11:57 am
1/2 pay off mortgage 1/2 invest. You get benefit of both.
Or half the benefit of each, depending on your perspective... 8-)
by Admiral
Mon Dec 04, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

3) How much interest am I saving with an early payoff? This is actually equivalent to #2. If you pay off a short-term mortgage, you save a small amount of interest, but you get back the principal quickly and can then invest it and earn interest. If you pay off a long-term mortgage, you save more in...
by Admiral
Mon Dec 04, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

I would like to see an actual post from someone who is actively and consciously investing in municipal bonds in a taxable account instead of paying down a mortgage. This sounds like a unicorn to me. As Grabiner notes, this may work theoretically with a very low mortgage rate (due to present low retu...
by Admiral
Sun Dec 03, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 23
Views: 1927

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

...... There's nothing special about TDFs. That depends how you define "special." As noted, TD funds were created for the average investor. Their specialness (specialty?) lies in their automatically changing asset allocation as one approaches retirement. AKA the glide path. In theory, this reduces ...
by Admiral
Sat Dec 02, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 61
Views: 8506

Re: Ok reasons for a 37 year old to have a 60/40 mix?

OP here. The fact that we will be a dual pension household pension in retirement makes me feel no reason to take on unnecessary risk. Yes, pensions are not guaranteed but ours is stable and should be enough to provide for all of our expenses. I have read others on the board who would take more risk...
by Admiral
Fri Dec 01, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8766

Re: Amount You Need To Save Annually Over Lifespan

When I was 25 (20 years ago) my salary (with a college degree!) was about $30,000, or perhaps $50,000 in today's money. The idea that I could have saved $20,000 was ridiculous then, and for someone making $50k today, it's ridiculous now. And that's without accounting for inflation.
by Admiral
Fri Dec 01, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9357

Re: Why should I donate to my alma mater?

There's a major difference between the American Red Cross and a college. The latter has a supply of customers paying large sums of money every year for its services while the former does not. True. But the Red Cross does have a supply of customers paying large sums of money every year for its produ...
by Admiral
Fri Dec 01, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

My personal plan is that if the market has been doing very well (which is has), then I will put my extra money into my mortgage. If the market has been tanking, then I will put the extra into buying more stock every month. Eventually you will hit the bottom and enjoy the additional gains of the rec...
by Admiral
Fri Dec 01, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

There are three primary issues when considering an early payoff: 1) Do I need the liquidity that having a mortgage provides (or, put another way, do I want my extra x dollars per month in my house, or in my hand?) This makes paying off a short-term loan more attractive, as the liquidity issue lasts...
by Admiral
Thu Nov 30, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9357

Re: Why should I donate to my alma mater?

From what I am reading in this thread , the only practical reason to donate is if you want to increase the chances of your children getting admission. Even for that, token amounts are not going to cut it. Seems like it needs to be 6 figures... I'm not sure if even that is a practical reason. Would ...
by Admiral
Thu Nov 30, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

There is a wiki on this choice. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing One option would be to save up the money until you have $30K(20% of the loan) and then see if your lender will "recast your mortgage"(Google this). They are not required to but they usually will for a...
by Admiral
Thu Nov 30, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9357

Re: Why should I donate to my alma mater?

I am in higher ed and there's a lot of misinformation (or mischaracterizations at least) floating around here. First, state schools also rely on donations: their funding has been massively curtailed by the gov'ts (Fed and state). How much or by what percentage is not relevant. But they do require do...
by Admiral
Thu Nov 30, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

There is a wiki on this choice. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing One option would be to save up the money until you have $30K(20% of the loan) and then see if your lender will "recast your mortgage"(Google this). They are not required to but they usually will for a...
by Admiral
Thu Nov 30, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16233

Re: Anyone tired of the stock market going up?

I think my emotion is far more easily understood by those who were actively investing in 1987 and 2000 than those without that experience. Having those experiences doesn't necessarily make me a better investor it just adds to the the experiences that try to influence my behavior. Add to that I have...
by Admiral
Thu Nov 30, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16233

Re: Anyone tired of the stock market going up?

We should not be concerned with long bull markets. How the heck would we get some supposed average return in stocks that are better than average returns in bonds any other way? +1. Totally agree. There's a reason the average is 9% in equities over the life of the markets. Some years just have outsi...
by Admiral
Thu Nov 30, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16233

Re: Anyone tired of the stock market going up?

I've decided to not worry about it a long time ago. I had so many things that I could control that I needed to worry about I just started blocking out anything I couldn't control. Now that I have run out of carry-forward losses I'm not going to re-balance out of equity ever again. So at least now I...
by Admiral
Thu Nov 30, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9480

Re: Which crash have you seen it before it is coming?

I confidently predicted the Dow would crash as soon as it hit 20,000.

Glad I didn't act on my prescience. :sharebeer
by Admiral
Thu Nov 30, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

Any of the $800k in investment accounts available to pay it off? You could pay it off now, and then throw the old mortgage payment plus the $3k a month into investment accounts. OP said 800k in retirement accounts, so he'd be giving up Roth or other after tax money, presumably. I would not do that ...
by Admiral
Thu Nov 30, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

Please post the mortgage term and how many years are left. This is important because if you have (for example) 3 years left on a 15 year note, you're paying very little interest each month, and therefore continuing to pay monthly may have minimal cost. OTOH, if you're in year 5 of a 30 year note, t...
by Admiral
Wed Nov 29, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

Long time lurker, first time poster. Hello! 45 years old and max out 401k annually. Over $800k in retirement accounts. $150k mortgage at 3.37% on $500k home; no other debt. Have an extra $3k monthly to invest or pay off mortgage early. Really like the idea of being debt free, but also like the idea...
by Admiral
Wed Nov 29, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7637

Re: Divs and Cap Gains are killing me

I think it would be better for a discussion of the financial nature of dividends and returns to be taken elsewhere -- but I am not a moderator, so ignore at will. +1. The OP's question was how to unwind dividend-paying holdings in a taxable account that have appreciated. Still need clarification on...
by Admiral
Wed Nov 29, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6051

Re: Invest or pay off mortgage?

Long time lurker, first time poster. Hello! 45 years old and max out 401k annually. Over $800k in retirement accounts. $150k mortgage at 3.37% on $500k home; no other debt. Have an extra $3k monthly to invest or pay off mortgage early. Really like the idea of being debt free, but also like the idea...
by Admiral
Tue Nov 28, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7637

Re: Divs and Cap Gains are killing me

Identify higher turnover actively managed funds in taxable accounts that make large distributions. Think about a plan to move those assets to more tax efficient funds in the future. I have done that with several mutual funds in the past and taken advantage of market declines when they present thems...
by Admiral
Tue Nov 28, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7637

Re: Divs and Cap Gains are killing me

^ Yes, and I was trying to avoid dredging up the argument. However, the concept of differentiating pre-tax return from post-tax return is hopefully something that most would easily understand. Consider it dredged! I also think that for many investors, they pay little attention to tax efficiency and...
by Admiral
Tue Nov 28, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7637

Re: Divs and Cap Gains are killing me

^ Chevca, Actually, in order to understand the original post, you'll need to understand dividends, principal, return, and taxes. I know that you'd think it's obvious, but it's really not. A lot of people don't realize that when equity dividends are paid, the NAV (or price) decreases by the amount o...
by Admiral
Tue Nov 28, 2017 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8591

Re: Can I afford a $1,400,000 house

Buy a home that you can afford on one salary. That's my advice. You can afford plenty of house with $300k of income...just not a $1.4m house. Not with all that debt, anyway.

Good luck!
by Admiral
Mon Nov 27, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1536

Re: Social Security Calculation Question

Are these numbers for taking it at 62? Because they seem to be quite low if you are taking it at your FRA. It should be close to or more than about 3000 per month at FRA when you have had maximal wages. I didn't see a clear statement on this. It looked to me, since I'm now 62 years old and eligible...
by Admiral
Mon Nov 27, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Breaking point time/duration until market crash for DCA vs Lump Sum
Replies: 12
Views: 1053

Re: Breaking point time/duration until market crash for DCA vs Lump Sum

Thank you for the warm answers everyone - I've been stalking this forum for quite a while and am surprised that a lot of my favorite posters are here. I apologize that I won't have the time to play that much with portfolio vizualizer, but I played around in a very low tech way with this DCA vs lump...
by Admiral
Sun Nov 26, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking point time/duration until market crash for DCA vs Lump Sum
Replies: 12
Views: 1053

Re: Breaking point time/duration until market crash for DCA vs Lump Sum

If we were to relive like a 2008-2009 market downturn, at what length in time would a dollar cost averager (DCA) come out ahead of time before a lump sum-er? Assuming like a 80/20 (stock/bond%) or for ease maybe a 100% TSM or SP500 portfolio. IE, would DCA come out ahead of lump sum investing (by m...
by Admiral
Tue Nov 21, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25988

Re: Why not take Social Security at 62

There is no "right" answer here, because too much depends on one's personal circumstances (including longevity). But, for what it's worth, this is Vanguard's take: https://personal.vanguard.com/pdf/ISGRTR.pdf Given that at age 65, more than 50% of women can expect to live past age 88 (and 50% of men...
by Admiral
Tue Nov 21, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Holding VTSAX only
Replies: 46
Views: 5659

Re: Holding VTSAX only

Even better go 50/50 VTSAX/VTIAX and call it a day. Add Total Bond funds when you get older. Simple.... The older I get the more I realize how I like this appraoch. I currenly have 70% VTSAX, 25% VTIAX, 5% VBTLX (only about 2k worth) but I wonder, what is even the point of keeping 2k there? Im 27 y...
by Admiral
Tue Nov 21, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: another refinance question (30 or 15 year?)
Replies: 11
Views: 716

Re: another refinance question (30 or 15 year?)

If you can manage the higher monthly payment, then it's a no brainer: shorter term, lower rate, less interest overall means 15 year FRM is the answer. Few people choose a 30 year mortgage if they can afford they payments on a 15 year one, unless the rate spread is not very substantial. Plus you are ...
by Admiral
Tue Nov 21, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Maximize Retirement Contribution
Replies: 32
Views: 2895

Re: HELOC to Maximize Retirement Contribution

How much are you contributing to your retirement accounts now, what is their value, and where are you on your saving versus expected expenses in retirement? What is your projected SS and/or pension payout at FRA (you have a 457, so to me that means there may be a pension )? Without this info, it's ...
by Admiral
Tue Nov 21, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: Holding VTSAX only
Replies: 46
Views: 5659

Re: Holding VTSAX only

Even better go 50/50 VTSAX/VTIAX and call it a day. Add Total Bond funds when you get older. Simple.... The older I get the more I realize how I like this appraoch. I currenly have 70% VTSAX, 25% VTIAX, 5% VBTLX (only about 2k worth) but I wonder, what is even the point of keeping 2k there? Im 27 y...
by Admiral
Mon Nov 20, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Maximize Retirement Contribution
Replies: 32
Views: 2895

Re: HELOC to Maximize Retirement Contribution

How much are you contributing to your retirement accounts now, what is their value, and where are you on your saving versus expected expenses in retirement? What is your projected SS and/or pension payout at FRA (you have a 457, so to me that means there may be a pension )? Without this info, it's d...
by Admiral
Mon Nov 20, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 33
Views: 3297

Re: Refinance 30yr to 15yr mortgage?

While it may not cash flow, it’s not clear that he’s not making money. Those are two different things. How is he making money? He's losing money every month (negative cash flow), not making money every month. The only way for him to make money is to hope the property appreciates and then sell it, o...
by Admiral
Sun Nov 19, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 33
Views: 3297

Re: Refinance 30yr to 15yr mortgage?

You should research 15yr mortgage rates, I don’t think 2.5% is possible without paying for points. I use this webpage http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx In the last 52 weeks the lowest a 15yr FRM has been is 3.12%. Yeah, I'd love to know where anybody is getting anything clo...
by Admiral
Sun Nov 19, 2017 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 33
Views: 3297

Re: Refinance 30yr to 15yr mortgage?

Thanks again for the responses. Clearly I'm a novice, armed with just enough info to be very dangerous to my financial future. That being said, I don't quite understand the advice to sell the property... From my perspective, I have someone else paying 80% of the mortgage and associated fees for thi...