Search found 607 matches

by Nearly A Moose
Tue Jun 06, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1640

Re: Insurance Strategy Review - Soup to Nuts

Insurance is a personal decision. My preference is to invest in 529's to take care of kids education and if I were to die, my spouse would most likely want to downsize the house regardless if it is paid for or not. As for future income, I would prefer to self-insure and invest that money (in your c...
by Nearly A Moose
Tue Jun 06, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1640

Re: Insurance Strategy Review - Soup to Nuts

Why did you choose the Whole Life Policy? With the Term and other insurance, just wondering if it was needed or sold to you. You have large incomes to protect. The real danger is being a "Under accumulator" of wealth based on The Millionaire Next Door calculations. Very high income, very high spend...
by Nearly A Moose
Tue Jun 06, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Strategy Review - Soup to Nuts
Replies: 13
Views: 1640

Insurance Strategy Review - Soup to Nuts

I hope you’ll pardon the long post, I wanted to put everything together at once. This took a long time to assemble, and I'm really hoping to get some good input. I would like some feedback on our insurance setup. I've laid out some very basic financial info below, followed by a summary of our curren...
by Nearly A Moose
Tue Jun 06, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7564

Re: I'm considering buying a house in the $800k range.. can I?

You can afford it. If you go 20% down for 30 yrs (many here like a 15 yr note, I'm just picking something) at 4%, that's about $3k/month P+I. Without knowing property taxes, maybe another $1k/mo for insurance and taxes, so ~$4k per month, or $48k per year. Throw in $10k/yr for random expenses. If y...
by Nearly A Moose
Mon Jun 05, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 714

Re: Please comment on employer's long term disability insurance policy

If your employer is paying for it then you probably can't opt out so the coverage doesn't really matter. When the employer is paying the premium with no opt-out, the amount of coverage you can purchase on an individual policy will be more limited. That said, it's a decent definition for a group pol...
by Nearly A Moose
Mon Jun 05, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7564

Re: I'm considering buying a house in the $800k range.. can I?

finite_difference wrote:Go for it. Put down 20%. Get a good interest rate. Make sure you and your spouse like the house and location though :) Short commutes are good.
+1 on short commutes.
by Nearly A Moose
Mon Jun 05, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7564

Re: I'm considering buying a house in the $800k range.. can I?

You can afford it. If you go 20% down for 30 yrs (many here like a 15 yr note, I'm just picking something) at 4%, that's about $3k/month P+I. Without knowing property taxes, maybe another $1k/mo for insurance and taxes, so ~$4k per month, or $48k per year. Throw in $10k/yr for random expenses. If yo...
by Nearly A Moose
Mon Jun 05, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please comment on employer's long term disability insurance policy
Replies: 6
Views: 714

Please comment on employer's long term disability insurance policy

It occurred to me that I probably should have some long term disability insurance (i.e. I need to get some; one of the many things I'm learning from this group). I'm covered under my employer's group policy, and while I know I will need to buy some more on my own, I'd like some feedback on how “good...
by Nearly A Moose
Mon Jun 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse returning to work. How to keep low stress lifestyle?
Replies: 47
Views: 5818

Re: Spouse returning to work. How to keep low stress lifestyle?

Your spouse does stuff with computers, but what exactly? Is it something he can do free-lance as his own business? Custom web design, app development, etc? Being your own boss is the ultimate in flexibility, and if you don't depend on his income, perhaps a lot of the stress associated with being you...
by Nearly A Moose
Sun Jun 04, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Life Insurance Decision
Replies: 5
Views: 813

Re: Help with Life Insurance Decision

Just speaking to the emotional side, no reason to stick with the son in law just because you have a family connection. The older agent dumped you off when you didn't want to buy an overpriced WL policy for goodness sakes.
by Nearly A Moose
Sun Jun 04, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 7732

Re: Inheritance Quandary

As has been said, if you want a SIngle family home (and sized for 1), $2M cash will get that, even in the Bay Area. So buy for the cash and just buy something you like. Buy for $1M and put the rest into a massive "house expense" fund or something if prop taxes are that bad. Or just rent a really awe...
by Nearly A Moose
Sun Jun 04, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 4274

Re: Budgeting

I used mint.com. Still sort of do but lately have felt it's been a bit buggy. Issue is my wife and I just don't want to write down every single transaction. I think in a perfect world I'd use Excel, but I haven't found an easy way to get transactions and categories into it.
by Nearly A Moose
Sat Jun 03, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Home Down Payment:
Replies: 12
Views: 1415

Re: Home Down Payment:

How much higher are the jumbo rates? Mine is 3.5%, 30 yr fixed. I keep getting letters in the mail advertising 3.75 or 3.875. That's far from awful. Perhaps you sell primary home, buy new house with 20% down or whatever but don't withdraw from retirement funds, and whenever the vacation homes sells ...
by Nearly A Moose
Fri Jun 02, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 2617

Re: Favorite Biographies and Memoirs

FDR. Have it on audiobook and listen to it each night while doing dishes. Americans in Paris isn't a biography per se, but it's interesting and seems aligned with what you've listed. I saw someone mentioned Endurance. A great read. At the end, pay attention to the hardship they faced and the percent...
by Nearly A Moose
Fri Jun 02, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Need advise on my situation with Student Loan
Replies: 8
Views: 1079

Re: Help: Need advise on my situation with Student Loan

You need to check out WCI (whitecoat investor). He has some vetted loan consolidation companies on his site and several posts regarding refi. I'm fairly certain you can get a better rate than 7+% Live like a resident for a few more years, and you'll knock it out of the park! One other piece of advi...
by Nearly A Moose
Fri Jun 02, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to reject tenants for subjective reasons?
Replies: 18
Views: 3057

Re: How to reject tenants for subjective reasons?

As with all landlord tenant issues, you need to disclose state (and ideally city) to have a shot at good advice. LT law varies widely by locality.
by Nearly A Moose
Fri Jun 02, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer in HCOL area
Replies: 10
Views: 1787

Re: First time home buyer in HCOL area

Also, are there many townhouses in NoVa that have English basement rental units? That's very common where I live. A common strategy is to buy a house with and English basement, rent it out to help with the mortgage until you need the space / don't need the cashflow, then take it over and connect it ...
by Nearly A Moose
Fri Jun 02, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer in HCOL area
Replies: 10
Views: 1787

Re: First time home buyer in HCOL area

I think it's completely fine financially. I would want to be sure I was comfortable living there for the next 10 years though. Are you positive you'll be fine living in a town home and not get the itch to "trade up" to a single family home in a few years? Are you positive the schools meet your stan...
by Nearly A Moose
Thu Jun 01, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Objectively assess my situation
Replies: 20
Views: 1801

Re: Objectively assess my situation

Tend to echo the others, but your age could be a key factor here. We're all assuming you are young(ish), I think. I agree with the earlier poster who mentioned paying off the high interest loans asap. If you have taxable accounts with a good deal of money in them, I'd strongly consider selling to pa...
by Nearly A Moose
Thu Jun 01, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 3151

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a separate account for my mortgage, but only because my mortgage lender gave me a relationship discount if I maintained a checking account with them. It pays virtually no interest, so I funded it initially with a couple hundred bucks to give it a cushion, then set my monthly paycheck to dire...
by Nearly A Moose
Thu Jun 01, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1819

Re: Help me determine a savings percentage..

Occasionally we might say, "oh this or that would be fun to do or to buy.." Thanks for helping me with my first world problem. PS - We struggle with this mightily, but if you're happy with your lifestyle already, spend your money on things "to do" not things "to buy". Lots of research is showing th...
by Nearly A Moose
Thu Jun 01, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1819

Re: Help me determine a savings percentage..

From others' math, sounds like you're on a good trajectory to being FI early. That will give you lots of options. Why are you focused on "setting" a savings rate? Is it academic interest, or are you trying to build a plan that says "save X% for Y years then retire, holding all expenses constant"? It...
by Nearly A Moose
Thu Jun 01, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 3151

Re: Do you have a bucket to pay your mortgage or pay from core?

If you're worried about cashflow, you could always add a cushion to the account equivalent to one month's mortgage payment, and treat that value as zero for budgeting purposes. Or just spend a couple minutes at the beginning of each month mapping out your cashflow to make sure you're going to be alr...
by Nearly A Moose
Thu Jun 01, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Dyson Cordless Vacuums??
Replies: 11
Views: 1582

Re: Dyson Cordless Vacuums??

I have one. It sucks. (rimshot!) I use it for touch up vacuuming in a small urban rowhome; my cleaning crew does the heavy lifting. I've had it for about 3 years, and I keep it plugged into its wall-mounted charger whenever I'm not using it, and so far so good. It's well-engineered - ergonomic, ligh...
by Nearly A Moose
Thu Jun 01, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 3151

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a separate account for my mortgage, but only because my mortgage lender gave me a relationship discount if I maintained a checking account with them. It pays virtually no interest, so I funded it initially with a couple hundred bucks to give it a cushion, then set my monthly paycheck to direc...
by Nearly A Moose
Wed May 31, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 15388

Re: i am my own "guy," but not sure I should advertise that

I mention my interest as a feeler to see if the other person is. Always nice to find kindred spirits.
by Nearly A Moose
Wed May 31, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer without an in person interview
Replies: 41
Views: 5064

Re: Job offer without an in person interview

Kind of tough to say - I certainly always prefer in person interviews, regardless of which side of the table I'm on. That said, the last 5 or 6 candidates I've interviewed, I've been 95% certain based on their resume alone whether I was going to recommend hiring them (not to say personality isn't im...
by Nearly A Moose
Wed May 31, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Budgeting for One Number Budget
Replies: 3
Views: 2078

Re: Personal Capital Budgeting for One Number Budget

There is no forward budgeting in Personal Capital. You categorize your transactions in the categories provided. You then get historical views (Custom, 30 days, 90 days, this year, last year) to see your Income, Spending and Cash flow (difference). I like the "less is more" approach of PC. One featu...
by Nearly A Moose
Wed May 31, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Budgeting for One Number Budget
Replies: 3
Views: 2078

Personal Capital Budgeting for One Number Budget

Hey Folks - I recognize that aggregators like Personal Capital aren't necessarily a new topic on these boards, but I'm hoping people might have specific feedback on Personal Capital's budgeting tool for my proposed application. I've always felt that Mint was stronger on budgeting and PC better for i...
by Nearly A Moose
Tue May 30, 2017 11:13 pm
Forum: Personal Consumer Issues
Topic: Using LastPass to Manage Passwords
Replies: 40
Views: 4933

Re: Using LastPass to Manage Passwords

I'm a very happy LastPass user. Very convenient, and my passwords are all much stronger than they'd be if I had to type them all each time.
by Nearly A Moose
Fri May 26, 2017 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing "Borrowed" Tax Money
Replies: 12
Views: 1499

Re: Investing "Borrowed" Tax Money

Unless you're flush with cash or assets to pay the taxes if there's a market drop, just throw it in a 1.05% online savings account and call it a day. And if you are flush with assets, is it worth your time for potential gains on $5k?
by Nearly A Moose
Fri May 26, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 64
Views: 14416

Re: Suits: best bang for your buck?

after a long look at jos a bank, i bought a great suit at suitsupply recently and the experience start to finish was great for someone who doesn't like to shop. even on the high end suits, the material at jos a bank was an order of magnitude lower in quality than suitsupply. off the rack the ss sui...
by Nearly A Moose
Fri May 26, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 64
Views: 14416

Re: Suits: best bang for your buck?

I like Suit Supply. I don't wear Long and was going to recommend J Crew (and even J Crew Factory) before you said that. Anyway, Suit Supply usually has a few good staples in their entry level $399 line that sound like they would well for you. (My wedding tux was Suit Supply and it looked great too.)...
by Nearly A Moose
Thu May 25, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Missed window for selling Fairholme Fund (FAIRX)?
Replies: 35
Views: 2620

Re: Missed window for selling Fairholme Fund (FAIRX)?

Sell it. It's a concentrated risk. Buy an index. Over time, you'll forget about the thing. An even in just a couple years, the money saved on the expense ratio will make up the 10% drop you're worried about.
by Nearly A Moose
Sun May 21, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 71
Views: 6894

Re: Sell 2015 Subaru or Keep?

mortfree wrote:Invest the $15k (or some of it) and keep the car.




.
+1

Plus, I love my 2015 Subaru Forester...
by Nearly A Moose
Wed May 17, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much house? How large of a down payment? Infinite permutations are driving me batty
Replies: 36
Views: 3502

Re: How much house? How large of a down payment? Infinite permutations are driving me batty

Thanks to everyone for the continued insight. Sadly, as of yesterday, I no longer have a baby on the way; was only 6 weeks in, and such things happen. Hopefully 2nd time is a charm! ... @Nearly A Moose (great username!): thanks for the thorough response. I hadn't thought about storage, but that mak...
by Nearly A Moose
Wed May 17, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Storing a road bike in a plastic shed?
Replies: 19
Views: 2334

Re: Storing a road bike in a plastic shed?

Replying to my own thread with an update for anyone who might come across this later: I banished the bike to a reasonably well-built plastic storage shed in my backyard (under a second-story deck), and it handled the winter just fine. It was a pretty mild winter, only one major snow fall that melted...
by Nearly A Moose
Wed May 17, 2017 12:54 am
Forum: Personal Consumer Issues
Topic: Travel tips for first time visitors to England and France?
Replies: 55
Views: 5432

Re: Travel tips for first time visitors to England and France?

Lots of great advice here. To second a few and offer some more, re Paris: Definitely recommend the Musee D'Orsay. Beautiful space in its own right, not to mention the pieces on display. The Louvre is a must unless you flat out don't like museums. Give yourself a half day (tops, less if you get museu...
by Nearly A Moose
Tue May 16, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much house? How large of a down payment? Infinite permutations are driving me batty
Replies: 36
Views: 3502

Re: How much house? How large of a down payment? Infinite permutations are driving me batty

FYI, layout is just as important as square footage for a kid. And good storage may be even more important. For example, we have a 2k sq ft rowhouse in DC. Downstairs is fully open concept. It's ugly as sin and I don't like the style, but it let me put our baby in a fenced off pen in the living room ...
by Nearly A Moose
Sat May 13, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in lake property
Replies: 36
Views: 4616

Re: Interested in lake property

I'm not a vacation home guy, so take my thoughts with that in mind. But 30 minutes away is shorter than many peoples' commutes, and about how long it takes me to drive to the closest Target. It's about how long I think it was to drive to the little league park when I was a kid. If you're that close ...
by Nearly A Moose
Mon May 08, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Cord Blood Banking
Replies: 22
Views: 2788

Re: Cord Blood Banking

Have you decided for or against it? Or have your donated? Reasons against doing it, other than the cost? My wife and I can afford it, but it's a very strange purchase that is mostly based on guilt of not doing everything within our means to protect our child...even though I highly doubt the blood w...
by Nearly A Moose
Sun May 07, 2017 9:48 pm
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3880

Re: First 100 mile bike ride

Lots of climbing, good for you! If you're riding with a group, have a good plan for your pace line, it makes a huge difference. If you're not riding with a group, keep your eyes out for the pace lines that form up along the way and tag onto one that feels good for you (and make sure you confirm you'...
by Nearly A Moose
Sat May 06, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of a apartment renter lease? They want $3,600
Replies: 40
Views: 3790

Re: How to get out of a apartment renter lease? They want $3,600

I have to now break my lease 4-5 months before it ends and as my current rent is $1,800/mo, management company will charge me 1 month rent and keep my security deposit. Total $3,600 What are my options? Thank you. Regarding the security deposit, I would check applicable laws/regs, but my understand...
by Nearly A Moose
Sat May 06, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of a apartment renter lease? They want $3,600
Replies: 40
Views: 3790

Re: How to get out of a apartment renter lease? They want $3,600

Regarding the security deposit, I would check applicable laws/regs, but my understanding is that a security deposit is for damage to the rental unit - not for breaking the lease. I would also check all the wording in the lease. State law/regs not relevant since the landlord is offering to cancel th...
by Nearly A Moose
Sat May 06, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of a apartment renter lease? They want $3,600
Replies: 40
Views: 3790

Re: How to get out of a apartment renter lease? They want $3,600

I have to now break my lease 4-5 months before it ends and as my current rent is $1,800/mo, management company will charge me 1 month rent and keep my security deposit. Total $3,600 What are my options? Thank you. Regarding the security deposit, I would check applicable laws/regs, but my understand...
by Nearly A Moose
Wed May 03, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of purchasing a Kindle "Voyage"
Replies: 10
Views: 1332

Re: Thinking of purchasing a Kindle "Voyage"

I went with a refurbished paper white (current generation) and am happy with it. Can't comment on the direct comparison though. Wish I had more time for leisure reading...
by Nearly A Moose
Sat Apr 29, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2597

Re: 5 year cd - to open or not

Depending on your tax bracket, you may want to compare the after tax yields on the CD with those of a tax exempt short term bond fund.
by Nearly A Moose
Sat Apr 29, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Grandparents helping with College tuition
Replies: 27
Views: 2429

Re: Grandparents helping with College tuition

What do you mean by 529s not being a good fit? There are several that are low cost and have access to vanguard funds. Is there a logistical issue I'm missing? Obviously, the value of the 529 is that your grandkids also get to keep the capital gains and interest tax free for college. If you're concer...
by Nearly A Moose
Sat Apr 29, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 4483

Re: If you pay a high AMT, would you take out $1M mortgage?

I don't need to have a home of this size and in close proximity to downtown D.C. when we retire. In the mean time, the full cost including property taxes and insurance represents 20% of our gross income, and that percentage will drop significantly soon due to a promotion, and it will drop steadily ...
by Nearly A Moose
Fri Apr 28, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 4483

Re: If you pay a high AMT, would you take out $1M mortgage?

This doesn't sound crazy. Btw, i believe you can also deduct interest on up to $100k of HELOC interest, on top of the mortgage. Not under the AMT. Without the AMT, you can call $1M home-acquisition debt and another $100K home-equity debt, and thus deduct all the interest on a $1.1M mortgage. With t...