Search found 514 matches

by dsmil
Fri Feb 24, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement vs Down Payment
Replies: 32
Views: 3015

Re: Retirement vs Down Payment

Definitely a tough choice here. Financially, getting all of the free money that you can is the best bet but life isn't all about finances. Option 2 is definitely a reasonable option that would get you into a house more quickly. You'd still be saving 20% towards retirement and would be giving up $1,3...
by dsmil
Thu Feb 23, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Credit card: Cash versus Flight Miles
Replies: 62
Views: 6069

Re: Credit card: Cash versus Flight Miles

Cash back cards can't really compare because with card churning, you're earning the huge sign up bonuses. Earning enough points (or cash back) from spending to earn (or pay for) flights takes a lot of spending, but if you are planning a trip, I'd still side with points. The points required for fligh...
by dsmil
Wed Feb 22, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Sofi
Replies: 12
Views: 1297

Re: Sofi

I used them for student loans and they were very good. I also recently did a quick mortgage quote for fun and found that their rates were not very good.
by dsmil
Wed Feb 22, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Is 60/40 too conservative for 31 year old?
Replies: 69
Views: 8145

Re: Is 60/40 too conservative for 31 year old?

It's too conservative for an average 31 year old, but it seems like you are in great shape and don't need to take on anymore risk than you need to.
by dsmil
Wed Feb 15, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs Potential Higher Mortage Rate
Replies: 16
Views: 1217

Re: Student Loans vs Potential Higher Mortage Rate

Just really unsure what we are going to do at this time. I just don't like the prospect of paying off 3% student loans and then taking out a mortgage @ 5 or 6% or what ever it could be. For all I know it could remain the same also. This is understandable and I've also paid down a lot of student loa...
by dsmil
Wed Feb 15, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs Potential Higher Mortage Rate
Replies: 16
Views: 1217

Re: Student Loans vs Potential Higher Mortage Rate

Ok I think I misunderstood you in your original post. I thought that you were trying to pay the loans off in the fall of 2017 but you already paid a chunk off in the fall of 2016. It seems like you really want to build a house and in my opinion, paying low rent and saving would get you there faster ...
by dsmil
Tue Feb 14, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs Potential Higher Mortage Rate
Replies: 16
Views: 1217

Re: Student Loans vs Potential Higher Mortage Rate

It seems like you're deciding to go the FHA route, and either keeping your lower interest rate loans and moving earlier, or paying off all of your student loans and moving in 2 years. From a financial perspective, I would do whatever you could to avoid a FHA loan rather than moving early because you...
by dsmil
Mon Feb 13, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: OK to apply for CC right before renting new apt?
Replies: 1
Views: 296

Re: OK to apply for CC right before renting new apt?

Nope, go for it. Any effect would be pretty minimal (you'll also lower your utilization rate which is good) and if you are starting with an 810, then your credit score shouldn't have a negative effect on getting the apartment.
by dsmil
Tue Feb 07, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford?
Replies: 19
Views: 2291

Re: How Much House Can I Afford?

I don't see how a $500k house wouldn't work with $200k of income coming in, and a sizeable down payment. I would throw some numbers into a mortgage calculator and see how it fits into your budget, along with some maintenance costs. I think that the price/income ratios that people throw around are ov...
by dsmil
Thu Feb 02, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 77
Views: 7191

Re: Pet insurance for new puppy

We've never done insurance but we did do a puppy wellness plan offered by Banfield (vet inside Petsmart) during our puppy's 1st year. It was a monthly fee and saved us a good amount of money since there were so many visits in that first year. Now we just do shots from traveling vet and it is very ch...
by dsmil
Tue Jan 31, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Move EF to Roth?
Replies: 8
Views: 948

Re: Move EF to Roth?

I like the idea of moving emergency money to the Roth in order to max it, and keeping it in something safe. It's not that much of a hassle to withdraw Roth contributions (at least in my case), and if you need to use emergency money, you'll use your savings accounts first.
by dsmil
Tue Jan 31, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Approaching 30 - Best use of excess cash for goals
Replies: 11
Views: 1672

Re: Approaching 30 - Best use of excess cash for goals

I'm same age, OP, just slightly higher income (2 earners). We put 30% away for retirement. You don't say how old your mortgage is but mine started out only 2/3 as big as yours is now. I certainly wouldn't get a bigger one than you are already carrying. I think you are stretching your income too far...
by dsmil
Tue Jan 31, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Approaching 30 - Best use of excess cash for goals
Replies: 11
Views: 1672

Re: Approaching 30 - Best use of excess cash for goals

How much is your PMI and how close are you to eliminating it? PMI usually increases your effective mortgage rate by 2% to 4% or more on the PMI equity. $250 per month and on a normal payment schedule, we're still 5 years away. If you really think you need a bigger house, then I would determine what...
by dsmil
Mon Jan 30, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Approaching 30 - Best use of excess cash for goals
Replies: 11
Views: 1672

Re: Approaching 30 - Best use of excess cash for goals

1.$19k student loans @ 4.4% variable(Pay Off) 2.Waiting 3 years may allow us to put 20% (make it happen) In that order That would be great but it's more of an either or scenario. We could accelerate the loan payments and come in with 10-15% down and no loans, or keep the loans on the books and put ...
by dsmil
Mon Jan 30, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Approaching 30 - Best use of excess cash for goals
Replies: 11
Views: 1672

Re: Approaching 30 - Best use of excess cash for goals

Triple digit golfer wrote:Do you have an emergency fund?

It's a matter of when, not if, you'll need money for house repairs and maintenance. Is that factored into your monthly budget?


Yes, we have a 6 month emergency fund and have $6k per year in our budget for home/car repairs, and miscellaneous purchases.
by dsmil
Mon Jan 30, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Approaching 30 - Best use of excess cash for goals
Replies: 11
Views: 1672

Approaching 30 - Best use of excess cash for goals

Bogleheads, I'm approaching 30 this year and would like to assess our current financial situation, and the best way to meet our future goals. We are a one income household, with a 2nd child on the way, and have a goal of moving into a larger house in 1-3 years. We should be able to put 10% down on a...
by dsmil
Fri Jan 27, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Bobbie Christensen "She explains how to find safe and secure investments with 100%+ growth per year."
Replies: 55
Views: 5920

Re: "She explains how to find safe and secure investments with 100%+ growth per year."

Interesting info from the publisher's website: "We can also guarantee that you will not get rich quick with this method of investing. People who get rich quick also lose it quickly. But we can guarantee that you can invest with very little money in safe companies that have been proven to grow a...
by dsmil
Thu Jan 19, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 19101

Re: Best Financial Moves You've Made

Getting engaged in college because I wasn't expected to buy an expensive ring.
by dsmil
Thu Jan 19, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7000

Re: What monetary value has your education provided you?

I graduated in '09 and 7 years into my career, I've made 5x the cost of my 4 year undergrad degree in accounting.
by dsmil
Thu Jan 19, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Never had a credit card, should I get one?
Replies: 71
Views: 3848

Re: Never had a credit card, should I get one?

As long as you have your finances in order, and pay the full balance every month, credits card can be great. You can maximize the rewards by receiving sign up bonuses and credit card churning, but even keeping it simple and receiving cash back is nice.
by dsmil
Thu Jan 19, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Toaster Oven Recommendations
Replies: 34
Views: 2815

Re: Toaster Oven Recommendations

I've had the same Cuisinart convection toaster oven for 10 years and it's great.
by dsmil
Wed Jan 18, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Anyone rent toys?
Replies: 27
Views: 3427

Re: Anyone rent toys?

We basically use Craigslist for this.
by dsmil
Tue Jan 17, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Spending HSA money versus other
Replies: 21
Views: 2496

Re: Spending HSA money versus other

My plan is to pay everything out of pocket, then withdraw the HSA funds, then move the money over to my Roth. Therefore, I'm getting the tax deduction and never paying taxes on the money, no matter what I use the funds for in retirement.
by dsmil
Tue Jan 17, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How variable is your total income (5 year history)?
Replies: 30
Views: 3618

Re: How variable is your total income (5 year history)?

My income has been affected by annual raises, one promotion, and one job change. 2010 - 100% 2011 - 107% 2012 - 120% 2013 - 127% 2014 - 160% 2015 - 180% 2016 - 193% Our household income has been affected by my wife starting to stay home a couple of years ago. Our monthly savings amount has been affe...
by dsmil
Tue Jan 17, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 11946

Re: Why nobody understands importance of high-deductible insurance?

The average person is scared of high deductibles, whether it's for health insurance or car insurance. I'll give you an example: At my workplace, my company opted for a plan which increased our deductible rather than significantly increasing our premiums. At the meeting with our insurance representat...
by dsmil
Fri Jan 13, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 19287

Re: "Millennials may need to double how much they save for retirement"

Cuts to social security and mediocre market returns are definitely possibilities in the future. I think that we'll see most people working longer, rather than saving more, because many people are either not able to or not willing to sacrifice in order to save more. For Bogleheads, most of us plan fo...
by dsmil
Thu Jan 12, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rolled into Roth IRA?
Replies: 4
Views: 263

Re: 401k Rolled into Roth IRA?

Rolling from Traditional 401k to Roth IRA is taxable. It is essentially a Roth conversion and does not use up your Roth IRA contribution space. Great. This is my scenario. Will I have to pay taxes right away or wait until next year's income taxes are due? Thank you I believe that you'd owe when you...
by dsmil
Thu Jan 12, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Advice for home purchase
Replies: 6
Views: 659

Re: Advice for home purchase

Hi, I'm looking for some advice for my specific situation: -We definitely wouldn't be able to buy the ideal Boglehead way--we could put 5% down (would this allow us to get a conventional loan where we can work to get rid of the PMI or does this limit us to FHA loans only?) We bought a few years ago...
by dsmil
Wed Jan 11, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 7846

Re: Where do you keep your emergency fund?

Ours are split between Ally Bank and our Roths with Vanguard (ST Federal Funds & ST Bond Index Fund).
by dsmil
Mon Jan 09, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do Mortgage Terms Improve with Larger Down Payment? (<20% down)
Replies: 3
Views: 457

Re: Effect of down payment on loan offerings (<20% down)

Thanks Meg, that's very good to know. It seems like a good idea would be to save 10% to open up the possibility of a lower rate or 80/10/10 loan. If I'd rather instead pay off the loans at that point, I could always do it at that time.
by dsmil
Mon Jan 09, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do Mortgage Terms Improve with Larger Down Payment? (<20% down)
Replies: 3
Views: 457

Do Mortgage Terms Improve with Larger Down Payment? (<20% down)

Hello Bogleheads, For those who have put less than 20% down on homes (not FHA), have you experienced more favorable mortgage offerings based on the amount that you have put down? Obviously PMI premiums are affected, but what about interest rates? We're most likely going to move in the next 1-2 years...
by dsmil
Thu Jan 05, 2017 11:13 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1584
Views: 282113

Re: What are you up YTD? [Year To Date]

12.5% in 2016. I got some help because I made all of my Roth contributions on literally the market low for the year, Feb. 11th. Thanks to Bob Brinker and his buy signal email!

44% Total US
20% Total International
10% REIT
9% Small Cap Value
7% Emerging
10% Total Bonds
by dsmil
Thu Jan 05, 2017 10:57 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 8910

Re: Are Younger people funding 529 Plans?

Almost 30 here and we do have a 529 for some gifts from grandparents, but we're saving for college within our Roths. We'll be taking the next year to finally pay off our own students loans, after which our savings will first go towards retirement, and then split between college savings and the next ...
by dsmil
Thu Jan 05, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1203

Re: Calculating Effective Tax Rate

I love seeing my effective tax rate. Most people automatically think that they are taxed at their marginal rate, but it's often not even close to that.
by dsmil
Sun Jan 01, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 6294

Re: Is it possible to graduate from college in 3 years?

My wife did it so yes, but she's the only person I know who did it. If she came in with any AP credits, they would have been minimal. I got through 51 credits senior year and the summer after by taking 6 classes in the fall and spring, 2 classes in the winter, and 3 classes in the summer after gradu...
by dsmil
Thu Dec 29, 2016 9:59 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 133990

Re: Boglehead Beer

JDDS wrote: I've had two Troegs but not that one.


If Troegs distributes to your area than I highly recommend you trying it. It's their signature beer and will start showing up throughout January.

https://www.beeradvocate.com/beer/profile/694/15881/
by dsmil
Thu Dec 29, 2016 9:55 pm
Forum: Personal Consumer Issues
Topic: Affordable home exercise
Replies: 100
Views: 9680

Re: Affordable home exercise

I would go with a pull up bar and a set of adjustable dumbbells. Weights are really the way to go and I think you'll learn to love them. Adjustable dumbbells with plates are a very economical option rather than buying a ton of different dumbbells. I'm sure that there are many free resources through ...
by dsmil
Wed Dec 28, 2016 10:40 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 133990

Re: Boglehead Beer

The holiday time is always my favorite for beer. My current fridge lineup: Sierra Nevada Celebration Ale (nothing represents the holidays more than this for me) Founders Breakfast Stout (also an every-year purchase at this time) Founders Backwoods Bastard (first time trying and it's very good, altho...
by dsmil
Wed Dec 28, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Accounts vs IRA vs Roth IRA
Replies: 8
Views: 1131

Re: Taxable Accounts vs IRA vs Roth IRA

In my mind the lower capital gains rate (15%) would give taxable accounts the edge over a traditional IRA (25%) I think you're forgetting the fact that the money going into your taxable account has already been taxed. So you have your money hit with both an income tax of 25% and a capital gains/div...
by dsmil
Wed Dec 28, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 8176

Re: Monthly Expenses in line or too much

We are just a family of 3 (with a toddler) in a medium-high cost of living area but we spend about $3k per month on average other than our mortgage payment. No way should anyone have a budget item of Misc in the multiple hundreds every month. No way. I'm in the same boat here, $500 per month in &quo...
by dsmil
Tue Dec 27, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: After contributing Trad 401K to company match, then on to Roth 401k or Roth IRA?
Replies: 7
Views: 558

Re: Does it make sense to contribute to Roth 401K instead of Roth IRA?

Many will argue that everything should go to the traditional 401k while in the 25% bracket. If you've already decided that you want some money to go into a Roth, the difference is pretty marginal so I think you'll be fine either way. The Roth IRA gives you more flexibility but the Roth 401k gives yo...
by dsmil
Tue Dec 27, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 14952

Re: I'll never save a 20% down payment. Rent for life?

If the costs of living in the home (PITI, some for repairs) make sense in your budget compared to renting, I don't see anything wrong with putting less than 20% down.
by dsmil
Thu Dec 22, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Sling TV
Replies: 28
Views: 3334

Re: Sling TV

A related question -- am I getting a good deal on my current cable / internet service? I pay $140 a month all-in... that includes cable TV, internet, cable box rental, modem / router rental, surcharges, etc. etc. No phone service, no premium movie channels. What do y'all think? That seems reasonabl...
by dsmil
Wed Dec 21, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: housing options-- stretch for schools?
Replies: 37
Views: 2629

Re: housing options-- stretch for schools?

I like option B. I'm in a very similar situation as you where we have a young child and in a HCOL area. For our next house, we're choosing to look at areas with schools only in the 9's and 10's where the houses are 4x income. Similar houses are 3x income in areas with worse schools and we feel bette...
by dsmil
Tue Dec 20, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: 27 - Planning Ahead For 2017
Replies: 6
Views: 609

Re: 27 - Planning Ahead For 2017

I think you're fine either way. I would probably recommend your low-fee 401k in the 25% bracket, but you'll have 16% of your income (you plus employer contribution) going to the 401k, so putting some in the Roth for some tax diversification isn't a bad idea either. If you do decide to direct everyth...
by dsmil
Mon Dec 19, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Closing Credit Cards (Affect on Credit Score)
Replies: 4
Views: 492

Re: Closing Credit Cards (Affect on Credit Score)

I've read mixed things on whether closed accounts are taken into consideration for the average age of credit calculation. I usually read that closed accounts do still count in the calculation until they are dropped from your credit report completely after 10 years.
by dsmil
Fri Dec 16, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: When to make Roth IRA contribution
Replies: 9
Views: 893

Re: When to make Roth IRA contribution

Since you won't have any cash flow problems, I think getting the money in earlier is better than spreading it out from a return standpoint. I guess you could still call this dollar cost averaging, but you're just not doing it as often.
by dsmil
Fri Dec 16, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Sallie Mae Rewards MC being discontinued
Replies: 154
Views: 20332

Re: Sallie Mae Rewards MC being discontinued

I received the letter yesterday and was disappointed, since we use this for gas, groceries, and amazon. It was always nice to redeem the points for cash back, in combination with our regular travel points cards.
by dsmil
Fri Dec 16, 2016 10:01 am
Forum: Investing - Theory, News & General
Topic: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?
Replies: 29
Views: 3164

Re: Why should one invest in 401k to mathcing, then Roth IRA, then back to 401k?

In general, 401k's have higher fees, less investment options, and less flexibility than a Roth. So tax considerations aside, the Roth is normally a better place to put your money, after getting the 401k match. A Roth could also give you some tax diversification at retirement when combined with your ...