Search found 1218 matches

by kjvmartin
Wed May 20, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Maybe I shouldn't buy a house?

Non7WoodUser wrote:Home prices are way too high. Wait for the market to crash and then the greedy sellers will be desperate.

Doesn't this fall under timing the market? Do Bogleheads hate timing *any* market or just the stock market?

Mike
by kjvmartin
Wed May 20, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Ways to fund an early retirement?
Replies: 40
Views: 3991

Re: Ways to fund an early retirement?

My opinion is that folks who are going to retire early based on saving and investing will not be able to do so from tax-advantaged plans alone since the contribution limits are so low. Of course, that's just my opinion. I'm planning to retire at 55 or sooner based solely on 401k/457 contributions s...
by kjvmartin
Tue May 19, 2015 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Use Target Date fund to save for future/non-college?
Replies: 2
Views: 388

Re: Use Target Date fund to save for future/non-college?

Sounds like a winner of an idea. Thanks! I have a Roth open at Vanguard but haven't done much with it. I'll definitely look into that.

Mike
by kjvmartin
Tue May 19, 2015 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Use Target Date fund to save for future/non-college?
Replies: 2
Views: 388

Use Target Date fund to save for future/non-college?

I've got a one year old baby. We aren't high income and will likely never maximize our contributions. If we maximized two 401k accounts and two Roth IRAs we'd have $42,000 a year to live on. So, we save 15% toward retirement pre-tax of our 90-100k gross combined income. I want to save for my daughte...
by kjvmartin
Tue May 19, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Maybe I shouldn't buy a house?

If I were you (meaning no wife/kids I assume) I would just keep saving, saving, saving.

One day if you ever need new living arrangements you might even pay cash for it.
by kjvmartin
Sat May 16, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Should I Buy a House?

Talked to a a few realtors and they said I could expect about 3-5% appreciation here. Remember, the Realtor's goal is to make a commission. Nothing wrong with that, but I would not buy based on this reasoning. Will you have time to play the drums when you're mowing the lawn, trimming the hedges, fi...
by kjvmartin
Sat May 16, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Should I Buy a House?

Talked to a a few realtors and they said I could expect about 3-5% appreciation here. Remember, the Realtor's goal is to make a commission. Nothing wrong with that, but I would not buy based on this reasoning. Will you have time to play the drums when you're mowing the lawn, trimming the hedges, fi...
by kjvmartin
Sat May 16, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Should I Buy a House?

Talked to a a few realtors and they said I could expect about 3-5% appreciation here. Remember, the Realtor's goal is to make a commission. Nothing wrong with that, but I would not buy based on this reasoning. Will you have time to play the drums when you're mowing the lawn, trimming the hedges, fi...
by kjvmartin
Sat May 16, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 4501

Re: Should I Buy a House?

Talked to a a few realtors and they said I could expect about 3-5% appreciation here. Remember, the Realtor's goal is to make a commission. Nothing wrong with that, but I would not buy based on this reasoning. Will you have time to play the drums when you're mowing the lawn, trimming the hedges, fi...
by kjvmartin
Fri May 15, 2015 7:03 pm
Forum: Personal Consumer Issues
Topic: Home Prices Are Way Too High
Replies: 26
Views: 5061

Re: Home Prices Are Way Too High

Hi again! I had a recent big thread about too much house. In the Metro Detroit area - We were considering a $234,000 house and a $164,900 house on 100k income. It really didn't matter which one we chose, as they both went for over asking price, highest and best multiple offers. So then we decided to...
by kjvmartin
Tue May 12, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: Paying or Not Paying Extra for Amazon Delivery
Replies: 19
Views: 2964

Re: Paying or Not Paying Extra for Amazon Delivery

Excellent experience with Prime, though I've only used the overnight shipping option once or twice in 5 years. If a Prime package is one day late, call up customer service. This happened to me once and they gave me a $5 credit + free month of Prime. I keep hoping something will be 1 day late again! ...
by kjvmartin
Mon May 11, 2015 10:22 pm
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 8482

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

There's more than a few guys I work with that opt into the Voya "advisor service" through the 401k/457. We were bombarded with e-mails, letters, free lunches on site... all to get people to sign up for this. They charge an additional yearly fee to essentially recreate the available Target fund. The ...
by kjvmartin
Mon May 11, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: New car, lease or buy?
Replies: 33
Views: 2590

Re: New car, lease or buy?

She doesn't know, the thing I didn't know was that you could purchase car after lease is over. They will give you buyout price before you commit to lease and if price is decent why not lease? The only thing I thought might be negative was paying taxes. But it sounds like people lease for the 3 year...
by kjvmartin
Sun May 10, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 51
Views: 11175

Re: Lecture me about "too much house"

Wife is deferring to me on this. Hint You wife is not "deferring" to you unless in writing she says "I will be totally happy with whatever you decide" . I am married 39 years. I adore my lovely brilliant talented lady. But unless you get "sign off" she is acquiescing not deferring. She's a brillian...
by kjvmartin
Sun May 10, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 51
Views: 11175

Re: Lecture me about "too much house"

Thanks again for all of the responses. We've read through each of them. One thing that I didn't mention is the appreciation this area has seen. The nicer subdivision has several listings sold in the 170s-180s just 6-12 months ago. Now they start at 225k. This is going on in the other neighborhood to...
by kjvmartin
Sat May 09, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 51
Views: 11175

Re: Lecture me about "too much house"

#1. How much will you put down? I have 10% ($23k) available for the down payment. I could do 5% or 10% down on a conventional mortgage. Why don't I have more savings? In the last two years we got married, graduated RN, slashed car loans, student loans, and her old medical bills all for about $30k. ...
by kjvmartin
Wed May 06, 2015 12:34 pm
Forum: Investing - Theory, News & General
Topic: COCOQ and ShareBuilder
Replies: 2
Views: 550

Re: COCOQ and ShareBuilder

Still holding my share of AMD for the $50 bonus! They might someday catch up to Intel :P

Mike
by kjvmartin
Mon Apr 27, 2015 9:28 pm
Forum: Personal Consumer Issues
Topic: Summer college credit courses for high school students
Replies: 24
Views: 3716

Re: Summer college credit courses for high school students

Where I grew up, AP was barely offered. I felt that I was at a bit of a disadvantage as a result.

Some of my cohort were graduating college at 3 or 3.5 years. Advanced placement and dual enrollment really helped.
by kjvmartin
Mon Apr 27, 2015 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Your First Credit Card
Replies: 23
Views: 2566

Re: Applying for Your First Credit Card

If you can get the Chase Freedom it's a great card to get and hold on to!

Mike
by kjvmartin
Sun Apr 26, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 110% Amazon Tax Refund Bonus
Replies: 26
Views: 4448

Re: Turbo Tax 110% Amazon Tax Refund Bonus

The Amazon Store Card (not Visa) now offers 5% on all purchases as a statement credit. This is what I'll use from now on. The Amazon Visa went in the drawer
by kjvmartin
Sun Apr 26, 2015 2:05 pm
Forum: Personal Consumer Issues
Topic: Car Accident - Honda Civic for Replacement?
Replies: 13
Views: 2027

Re: Car Accident - Honda Civic for Replacement?

In the same market segment - I had to rent a Ford Focus recently. It only had ~200 miles on it. The car really surprised me on features, ride quality, comfort, and acceleration. Just an overall really nice car. We own a 2009 Ford Focus and the 2014 felt like a Rolls Royce comparatively. If I were th...
by kjvmartin
Thu Apr 23, 2015 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Manually Manage Quicken?
Replies: 46
Views: 5416

Re: Anyone Manually Manage Quicken?

Manually managed. My credit union is local and didn't play well with the downloader years ago. Maybe this has changed? I prefer to enter my receipts as I incur expenses. I also enter my full month of *fixed* (edit) expenses and anticipated salary on the 1st of each month. This allows me to see what'...
by kjvmartin
Thu Apr 23, 2015 8:20 am
Forum: Personal Consumer Issues
Topic: cleaning plastic eyeglass lenses
Replies: 30
Views: 5105

Re: cleaning plastic eyeglass lenses

http://www.costco.com/Wipe-'n-Clear®-Bi ... 17203.html

Costco Lens wipes are about $9 in store in my area. One box lasts me about a year.
by kjvmartin
Tue Apr 21, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Friend's house burnt, Helping him start new financial life?
Replies: 20
Views: 3222

Re: Friend's house burnt, Helping him start new financial li

First I would encourage him not to touch his 401k :) Otherwise, assuming there is insurance, they should be pretty well taken care of. I would expect the insurance company to provide a suite at a decent hotel during the rebuild process. They'll probably be dining out a lot - they may appreciate an i...
by kjvmartin
Mon Apr 20, 2015 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Take the job? Midwest to West Coast.
Replies: 12
Views: 1324

Re: Take the job? Midwest to West Coast.

It would certainly be an adventure, taking the family across the country and all. I left out that my wife works part time/contingent as an RN so the salary situation gets help there too. The pay scale is higher for nurses there, too. If I get the offer I think I'll have to take it. Seems like the ho...
by kjvmartin
Mon Apr 20, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Take the job? Midwest to West Coast.
Replies: 12
Views: 1324

Take the job? Midwest to West Coast.

Essentially, would $99k in San Diego feel like much of a raise compared to 62k in metro Detroit? Need at least a 2-3 bedroom family friendly residence. All else is not equal - this job would get my foot in the door for federal law enforcement (pension). I could eventually transfer to another localit...
by kjvmartin
Sun Apr 19, 2015 2:15 pm
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 99
Views: 18636

Re: “Entry level” luxury cars under 40k

If you want a bit of a sporty ride/feel, a reasonably priced car, and good gas mileage... I would check into a Mazda.

I've had excellent experiences with two Mazda 6 sedans. They're fun to drive, front wheel drive, excellent in the snow (we got a lot here)

Mike
by kjvmartin
Sat Apr 18, 2015 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help Evaluating Federal Job Offer
Replies: 28
Views: 4148

Re: Help Evaluating Federal Job Offer

I've been trying to move from state to federal employment and finding it to be a painstaking process! First, each location has different application requirements. There is very little copying and pasting I can do. Some want essays. Be grateful & glad you got this offer and accepted it. I've got abou...
by kjvmartin
Sat Apr 18, 2015 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 37
Views: 12414

Re: Which Credit Card w/ 5% Cash Back Rotating Category is B

I use the Freedom heavily for about 6 months of the year. 1 quarter of groceries (stock up on gift cards too) and another of restaurants for 5%.

Otherwise I have my Costco Amex used exclusively at Costco and their gas station and a Citi Doublecash for all other purchases/utilities.

Mike
by kjvmartin
Fri Apr 17, 2015 9:02 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 255
Views: 36539

Re: What do you drive, and why?

His: 2011 Mazda 6. This is the 4 cylinder variant. I drove the 2007 Mazda 6 until 2011 when I was hoodwinked at the dealer to get a new one for less monthly. To be fair, I went from a 4.99% loan to 0%. This was pre-Bogleheads.org. 200,000 miles between the two now without a hiccup. I think the Mazda...
by kjvmartin
Fri Apr 17, 2015 8:51 pm
Forum: Personal Consumer Issues
Topic: Speeding tickets and points
Replies: 10
Views: 1552

Re: Speeding tickets and points

Sometimes going to court can be harmful. If you do go to court, beware of the mood/feel in the room. If the environment doesn't seem sympathetic, just take your lumps and pay your bill. I'm in law enforcement and have seen it go both ways.
by kjvmartin
Fri Apr 17, 2015 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 9091

Re: My job says I can't work for anyone else...

In the public sector where I work, it's all about conflict of interest. They have to review an approve (in advance) any other job I go for.
by kjvmartin
Fri Apr 17, 2015 8:47 pm
Forum: Personal Consumer Issues
Topic: Car advice needed
Replies: 18
Views: 3343

Re: Car advice needed

Is this $20,000 your emergency fund or a fund designated specifically to buy the car? I'm with you in hating car loans. Take it from someone who recently paid off both the family cars. The payments were no fun. Do the kids work? Can they contribute something towards the Civic or possibly buy their o...
by kjvmartin
Fri Apr 17, 2015 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Costco and AMEX
Replies: 69
Views: 22769

Re: Costco and AMEX

You can get 2% cash back at Costco with a Fidelity American Express. The only other in store options are your cash (0%), your debit card (0%), or the True Earnings Costco American Express Card (1%). The gas reward of 3% is significant for me, considering I go through a lot of gas for work. I'd say g...
by kjvmartin
Fri Apr 17, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Tips for Post-College Lifestyle
Replies: 53
Views: 5081

Re: Tips for Post-College Lifestyle

Would help to know your anticipated income for the next 10 years.
by kjvmartin
Tue Apr 14, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: How to [Financially] Prepare for a Baby
Replies: 42
Views: 8235

Re: How to Prepare for a Baby

4 Words:

Mom to Mom Sales

Wife takes $40 cash and comes home with just about everything the baby could need or want for the next few months and then some.
by kjvmartin
Mon Apr 13, 2015 10:43 pm
Forum: Personal Consumer Issues
Topic: Experience with Apple Pay?
Replies: 32
Views: 3791

Re: Experience with Apple Pay?

Meijer, Subway, and Panera Bread are the 3 vendors I use. This works out to maybe once a week. I dislike that this draws a lot of attention, both from employees and other shoppers. Go figure, the folks at the cash register never notice it with me. Maybe because I'm so smooth. :wink: After all, most...
by kjvmartin
Mon Apr 13, 2015 10:37 pm
Forum: Personal Consumer Issues
Topic: Student Loan for Graduate School
Replies: 20
Views: 1845

Re: Student Loan for Graduate School

No, because she will be doing a 3 day internship the first year and a 4 day internship the second year and the other days she will be in school. She worked the first two years of college. This is partly why I've never advanced my BSW into an MSW. The ability to work during school is entirely curtai...
by kjvmartin
Mon Apr 13, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 141
Views: 38716

Re: Netflix DVD delivery slowdown?

I just finished the free trial for Blu-Rays for a month. We were pretty active on the two at a time plan and were able to receive 8 discs in the course of 1 month. This worked out to about $1.25 a disc. Slightly cheaper than renting a new release at the local Family Video. I was really disappointed ...
by kjvmartin
Mon Apr 13, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone use myRA?
Replies: 5
Views: 1922

Re: Does anyone use myRA?

1. Do you have to do this through an employer rather than depositing from your own bank account like you would fund a regular Roth? Yes 2. Does the employer have to sign up to participate first? No 3. If your spouse does not work, can you contribute to a spousal myRA like you can a regular Roth? No...
by kjvmartin
Sat Apr 11, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: Experience with Apple Pay?
Replies: 32
Views: 3791

Re: Experience with Apple Pay?

Meijer, Subway, and Panera Bread are the 3 vendors I use.

This works out to maybe once a week. I dislike that this draws a lot of attention, both from employees and other shoppers.
by kjvmartin
Fri Apr 10, 2015 9:40 pm
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 7853

Re: On a budget and Friday night

Dinner at a friends from church and spent the rest of the evening playing guitar and singing in the living room.

Came home to watch Blue Bloods on CBS over the antenna. We do inexpensive dining out once or twice a week, but rarely Friday (too busy).

Mike
by kjvmartin
Wed Apr 08, 2015 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a real estate agent to save commissions $
Replies: 12
Views: 1997

Re: Becoming a real estate agent to save commissions $

Not a winning proposition to be an agent. A broker, on the other hand..... I have a cousin who is a broker solely as an investor. He helps family with transactions from time to time, but his main gig is owning 50 residential rental properties purchased at distressed prices. Many of them bought in 20...
by kjvmartin
Tue Apr 07, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Where to put $100K home down payment for 3 years?
Replies: 7
Views: 1347

Re: Where to put $100K home down payment for 3 years?

I would utilize CDs. Anything in the market is too risky for something as important as your house down payment.
by kjvmartin
Mon Apr 06, 2015 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 7920

Re: Might Go $4,000 AAPL

One question - Is the small chance that Apple goes up 10-20% short term for $400-$800 gross profit worth the opportunity cost of not putting that money in a more long term solution to compound? Subtract fees and taxes as well. Seeking quick bucks on the stock market is a fools game. Before I had Bog...
by kjvmartin
Fri Apr 03, 2015 6:16 am
Forum: Investing - Theory, News & General
Topic: How did your 401k and IRA do 1st quarter?
Replies: 28
Views: 2881

Re: How did your 401k and IRA do 1st quarter?

401k/457 3.08% YTD

60% SSGA S&P
20% SSGA Bond
20% SSGA All Cap Ex Us