Search found 312 matches

by chipperd
Fri Mar 15, 2013 8:25 am
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 2115

Re: save for college or pay down mortgage

Livesoft
I found this:
http://iracontributionlimits2010.com/se ... 0/2010/08/

does this jive with what you are suggesting?
by chipperd
Fri Mar 15, 2013 8:22 am
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 2115

Re: save for college or pay down mortgage

Thanks to you both. Livesoft, I will look into the amounts you suggested. our acct. told us that 20% was the max, but he could, and has, been wrong.
by chipperd
Fri Mar 15, 2013 6:47 am
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 2115

Re: save for college or pay down mortgage

Livesoft, Thanks for the idea. In concept, what you say makes sense, but we were told by our accoutant that this year we can only contribute 11k to max out the SEP. Roths and 457 max, i believe, would bring the retiremement contribution total to about 39k, no? Please correct my assumptions if incorr...
by chipperd
Fri Mar 15, 2013 6:12 am
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 2115

save for college or pay down mortgage

Hello all, I have been reading this board for a couple years, learning from the questions and posts and would like to call on the boglehead group knowledge regarding a question my wife and I are facing. Should we pay down the mortgage or, given federal/private college aid formulas, save for college,...
by chipperd
Sun Mar 03, 2013 6:34 am
Forum: Personal Consumer Issues
Topic: Never Want To Take Out A Loan Again.
Replies: 110
Views: 9430

Re: Never Want To Take Out A Loan Again.

I agree with all who have suggested that you set up a budget and spend less than you take in and I would add plan for that next emergency. While I am not a fan of Dave Ramsey's investment advice (as someone mentioned above) my wife and I ( and kids) are in his "Financial Peace University" 9 week cla...
by chipperd
Wed Feb 27, 2013 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: making our money work for us
Replies: 64
Views: 7815

Re: making our money work for us

The other posters are much nicer then me. You are 35 and couldn't afford the first house (still have the PMI to show for it), have not invested for future retirement, AND now considering buying another house. You need to start thinking about being responsible individuals and develop a well thought ...
by chipperd
Thu Jan 24, 2013 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford this House?
Replies: 57
Views: 4333

Re: Can I Afford this House?

Don't overthink this. At 26/27 you are absolutely CRUSHING it in the amount of accumulated retirement savings. I know part of it is inherited, but trust me your bank account does not know the difference. I know 57 years olds that would do anything to have the same portfolio. Even with conservative ...
by chipperd
Wed Jan 09, 2013 6:10 am
Forum: Investing - Help with Personal Investments
Topic: 26 and self employed [Portfolio help]
Replies: 5
Views: 870

Re: 26 and self employed [Portfolio help]

Hi, Welcome. I am self employed and have been for about 8 years. I set up a SEP (called self employed pension) which sounds like it may be similar to a solo 401k. It's not really a pension plan but a vehicle that you can put up to 20% of your agi away annually into tax diferred savings. The limit is...
by chipperd
Sun Jan 06, 2013 7:29 am
Forum: Personal Consumer Issues
Topic: minivan thing
Replies: 84
Views: 7064

Re: minivan thing

Regarding your requested info, we had 3 kids in a 4.5 year span and have had 2 siennas (we are on our second). The first we bought used and drove 200k. On our second, a 2005 and it has 135K and running fine. My wife has been the primary driver of both and she is tough on a vehicle. Agree with all th...
by chipperd
Sun Jan 06, 2013 7:07 am
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 25875

Re: What was your 2012 return?

12.3% with allocation of %55 stock, %30 bonds and %15 cash/short term
by chipperd
Fri Jan 04, 2013 5:25 am
Forum: Personal Finance (Not Investing)
Topic: I sold all my mutual funds and stocks on December 20th
Replies: 72
Views: 11860

Re: I sold all my mutual funds and stocks on December 20th

Thanks to the OP for posting a follow up. We don't get to see the outcomes here to often and I myself don't often post outcomes, but now realize that this is a valuable part of contributing to the board. Thanks. The information is both interesting and for many here including myself, reassuring.
by chipperd
Tue Jan 01, 2013 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I move from upstate NY to Los Angeles, CA?
Replies: 64
Views: 6614

Re: Should I move from upstate NY to Los Angeles, CA?

IMHO, if the job in cali is solid and you want the lifestyle change that the move offers, I would move with caveat of not having kids until a solid period of time went by that the cali lifestyle works for you and your wife/family, say at least a year.
by chipperd
Sun Dec 23, 2012 6:54 am
Forum: Personal Consumer Issues
Topic: New car or used car?
Replies: 31
Views: 3746

Re: New car or used car?

by chipperd
Sun Dec 23, 2012 6:53 am
Forum: Personal Consumer Issues
Topic: New car or used car?
Replies: 31
Views: 3746

Re: New car or used car?

We have bought both new and used, although mainly used in the 3 year old certified range. Here is a generic calculator to play around with. I used a scenario we have used over the past 4 cars, buy a 3 year old car and keep it for 10 years vs. buy a new car and keep it for 13 years. Buying used came ...
by chipperd
Sat Dec 22, 2012 5:55 am
Forum: Personal Finance (Not Investing)
Topic: If you had a windfall, would you pay off a loan with 2.5% in
Replies: 34
Views: 4038

Re: If you had a windfall, would you pay off a loan with 2.5

For my situation, I would vote yes but would have to answer these questions first: are the amounts the same? tax implications (do you get to write off interest paid on student loan)? How this loan/windfall fit into the rest of your portfolio?
by chipperd
Tue Dec 18, 2012 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce question for the Bogleheads
Replies: 101
Views: 6082

Re: Question for the bogleheads

Steven Covey says "Begin with the end in Mind", hence the "...til death do you part" stuff, aka the end.
If you are beginning with divorce as the end in mind, perhaps reconsider the start.
by chipperd
Sat Dec 08, 2012 8:54 am
Forum: Personal Finance (Not Investing)
Topic: So much for the 2% Cash Back Sallie Mae Visa card
Replies: 45
Views: 6973

Re: So much for the 2% Cash Back Sallie Mae Visa card

amex blue. cost $75 but it's 3%/6% gas/groceries (i forget which). pays for itself in a month. rest is gravey
by chipperd
Sun Dec 02, 2012 6:44 am
Forum: Personal Consumer Issues
Topic: High Salary & High COL vs Low Salary & Low COL
Replies: 80
Views: 8906

Re: High Salary & High COL vs Low Salary & Low COL

High COL + High salary = options at retirement
by chipperd
Mon Nov 05, 2012 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: looking to switch banks
Replies: 14
Views: 1396

Re: looking to switch banks

Thanks for the ideas all. To answer, no military background. The self employed payments are all checks, some from private insurers, some from clients and some from govt. institutions.
by chipperd
Sun Nov 04, 2012 5:56 am
Forum: Personal Finance (Not Investing)
Topic: looking to switch banks
Replies: 14
Views: 1396

looking to switch banks

Hello all bogleheads, Looking forward to some guidance on the following: Been looking online to switch our online checking account to a bank/institution that offers checking with no fees and am a bit anxious about the "online only" banks, although they seem to offer some of the best options. Some in...
by chipperd
Wed Oct 03, 2012 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Prepay loans or invest in taxable?
Replies: 26
Views: 1908

Re: Prepay loans or invest in taxable?

my wife and i are thinking of refinancing and since you have 30 years left it seems you may have recently financed. We would love to find out where you got that great rate! thanks
by chipperd
Wed Jul 25, 2012 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: highest cd rates?
Replies: 19
Views: 4111

Re: highest cd rates?

thanks all. very helpful as usual.
by chipperd
Wed Jul 25, 2012 4:54 am
Forum: Personal Finance (Not Investing)
Topic: highest cd rates?
Replies: 19
Views: 4111

highest cd rates?

Hi all,
While I don't post much, I follow and respect the bogleheads daily and am wondering where this group has found the highest cd rates of late?
Thanks
by chipperd
Wed Jun 27, 2012 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Agent NOT Letting Me To View a House!
Replies: 34
Views: 7001

Re: Real Estate Agent NOT Letting Me To View a House!

anyone who sells their home for more than asking price most likely had an agent who misjudged the market
by chipperd
Wed Jun 13, 2012 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4130

Re: Lending Clubs

I have been with "Lending Club" with the minimum investment ($500) since the start of the year. No defaults or late payments yet. Have 21 loans. One paid off early. No concerns or issues yet, but plan to stay at the minimum for at least a year to see how things go. Stuck with conservative loans (All...
by chipperd
Wed May 02, 2012 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Not your regular retirement questions
Replies: 58
Views: 7751

Re: Not your regular retirement questions

First, congrats on your financial success. As a dad of three who are just a few years older than yours, I also believe that time with your kids now would give you the most satisfaction now and "pay off" later. No way I would trade 40-50 hours per week for about $30/hour if I had your nest egg. Also,...
by chipperd
Sun Apr 01, 2012 6:18 am
Forum: Personal Consumer Issues
Topic: Montessori or Not
Replies: 42
Views: 3122

Re: Montessori or Not

Before I offer my two cents, and this might not be appropriate for me to know, as a parent I would want to consider the reason that your child was not accepted last year. Sometimes, the school that declines a student may not feel they are a good fit. Given that they are the "experts" on what happens...
by chipperd
Sat Feb 18, 2012 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Spender V Saver 4: What's "Our Number"?
Replies: 75
Views: 6627

Re: Spender V Saver 4: What's "Our Number"?

back at it eh?
i believe your questions were answered in prior posts, so as to minimize "hot air" I won't answer again.
best of luck
by chipperd
Mon Feb 13, 2012 11:23 am
Forum: Personal Finance (Not Investing)
Topic: SmartMoney's life insurancecalculations - what do you think?
Replies: 22
Views: 1425

Re: SmartMoney's life insurancecalculations - what do you th

I plugged in the numbers.
on an annualy 1 million $ deposit, need to early 3.52% compounded annually to reach 20 million at year 15.
Couldn't plug in months for some reason. Seems attainable.
by chipperd
Thu Feb 09, 2012 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Amex Blue Preferred 6% back on groceries
Replies: 21
Views: 4037

Re: Amex Blue Preferred 6% back on groceries

Do you happen to know the annual max cash back with this card?
by chipperd
Wed Feb 08, 2012 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: IBonds vs. CD vs. alternative investment
Replies: 6
Views: 2639

Re: IBonds vs. CD vs. alternative investment

Thanks for the feedback. I think (I will check) that she is focused on the 1-2 year range b/c she is hopeful rates will improve. I would think 2.76%-penalty for w/draw would be better then what she is finding. I have had the risk conversation and she is aware of the risk of not taking risk, but than...
by chipperd
Tue Feb 07, 2012 7:17 am
Forum: Investing - Help with Personal Investments
Topic: IBonds vs. CD vs. alternative investment
Replies: 6
Views: 2639

Re: IBonds vs. CD vs. alternative investment

Thanks Carl53.
5 years under 2%? Wow. I haven't looked around, but if that's the best rate for 5 years, after inflation really losing ground.
What about tax free munis? Any thoughts?
by chipperd
Tue Feb 07, 2012 4:49 am
Forum: Investing - Help with Personal Investments
Topic: IBonds vs. CD vs. alternative investment
Replies: 6
Views: 2639

IBonds vs. CD vs. alternative investment

Hello all, Been on Boggleheads for a few months and have really come to respect the opinions and advice of the readership and am looking for some assistance for my retired mom. She is a very conservative, retired educator who has a CD coming due at the end of Feb, 2012 in the amount of roughly $50k....
by chipperd
Tue Jan 31, 2012 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Building home in good school neighbourhood vs private school
Replies: 68
Views: 4378

Re: Building home in good school neighbourhood vs private sc

Tough decision. My wife and I have three children and we went through this decision/debate as well. As a clinical consultant to public schools for over 20 years, and one who has maintained a private practice, I have seen the "inside" of the public schools and the "outside" of private schools through...
by chipperd
Sun Jan 29, 2012 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Short-Term Bond Index Fund Investor Shares vs. CD
Replies: 26
Views: 4078

Re: Vanguard Short-Term Bond Index Fund Investor Shares vs.

We use the VMLTX(Limited Term Tax Exempt) which currently yields .75% with full liquidity. Depends on your income/tax level and need for liquidity over those two years.
2% CD over two years sounds great, even if you have to sacrifice a few months interest to pull out your $ early.
by chipperd
Wed Jan 25, 2012 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Saver V Spender 3: Fine-tuning & Negotiations.
Replies: 144
Views: 10310

Re: Saver V Spender 3: Fine-tuning & Negotiations.

Three seperate, lengthy posts filled with ideas. I have nothing more to add except good luck.
by chipperd
Wed Jan 25, 2012 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Saver V Spender 3: Fine-tuning & Negotiations.
Replies: 144
Views: 10310

Re: Saver V Spender 3: Fine-tuning & Negotiations.

whew, a lot of info. I read somewhere in the information that you both agree or you feel there are trust issues in the relationship yet she, a sahm, won't set aside one hour per week for counseling? I don't get it. Not to disrespect sahm/d (i was a sahd for a decade) where we spend our money and tim...
by chipperd
Mon Jan 23, 2012 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Advice on a home purchase
Replies: 12
Views: 1502

Re: Advice on a home purchase

rent. the numbers and potential risk don't seem to work in your favor for this house.
by chipperd
Mon Jan 23, 2012 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Saver V Spender 3: Fine-tuning & Negotiations.
Replies: 144
Views: 10310

Re: Saver V Spender 3: Fine-tuning & Negotiations.

Would like to hear from the original "poster" regarding some of these comments. To answer Jenny's question, happily married for over 15 years with three kids and yes, a therapist by trade. Not sure why the thinly veiled shot at therapists. Agree with several that the original poster and his wife are...
by chipperd
Sat Jan 21, 2012 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saver V Spender 3: Fine-tuning & Negotiations.
Replies: 144
Views: 10310

Re: Saver V Spender 3: Fine-tuning & Negotiations.

I think that if you both are are deciding on a budget, which involves facts and figures, then all the facts and figures need to be considered, including the mystery amount your wife receives from her family on a monthly basis. Without this information, an accurate monthly budget could not be determi...
by chipperd
Sat Jan 21, 2012 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Is the 529 the best place to put our $
Replies: 15
Views: 1812

Re: Is the 529 the best place to put our $

My wife and I have 3 children and save via 529 in state plan (CT=CHET) via her bi-weekly pay. Prior to relatively recent in state tax deduction, we went with Iowa's plan due to low costs. We also save for retirement, although don't max out (about 75% of max). Not sure this is the best, but helps us ...
by chipperd
Sat Dec 31, 2011 7:34 am
Forum: Investing - Theory, News & General
Topic: 2011 Returns Thread
Replies: 137
Views: 13021

Re: 2011 Returns Thread

4.1% including home value.
2.4% not including home value

Return on investment in friends and family..... priceless
by chipperd
Fri Dec 09, 2011 4:15 pm
Forum: Personal Consumer Issues
Topic: What's the most overrated book you've read?
Replies: 193
Views: 11361

Re: What's the most overrated book you've read?

Agree with the Ann Rand picks. Don't understand why this has such a hold over some
by chipperd
Fri Dec 09, 2011 4:09 pm
Forum: Personal Consumer Issues
Topic: Favorite Podcasts
Replies: 42
Views: 5261

Re: Favorite Podcasts

WTF podcast
As you can imagine, there is a fair amount of foul language
by chipperd
Thu Nov 24, 2011 6:26 am
Forum: Investing - Help with Personal Investments
Topic: What should I be doing?
Replies: 13
Views: 1072

Re: What should I be doing?

Great idea seeking input on your windfall, which of course turns into the "what do you want to do with your life?" discussion. I am going to assume you are like most your age and that the answer for now is unclear and that you are not willing to pursue my first recommendation at this point, four yea...
by chipperd
Sun Nov 20, 2011 5:54 am
Forum: Personal Consumer Issues
Topic: What was your very first job
Replies: 103
Views: 6450

Re: What was your very first job

Planting strawberries age 12 for $1/hour then upgraded to picking/dragging tobacco age 13 for $2.88/hour or sometimes piecework, i believe was $.33/bent (space between the poles/shade tobacco). both hard, dusty, hot work (summers only).saved up in c.d. during the Carter years (13% interest) and boug...
by chipperd
Sun Nov 20, 2011 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage options
Replies: 3
Views: 444

Re: Mortgage options

We bought a short sale in 2009 and had a benevolent relative loan us the funds at what were then current rates. Relative took out a HELOC on their property and we paid the legal fees and relative/month amoritized over the life of the HELOC. Still have same agreement, but you could build in flexibili...
by chipperd
Tue Nov 15, 2011 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Variable Rate Mortgage?
Replies: 3
Views: 417

Re: Refinance Variable Rate Mortgage?

So, keep current mortgage agreement?
by chipperd
Tue Nov 15, 2011 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Variable Rate Mortgage?
Replies: 3
Views: 417

Refinance Variable Rate Mortgage?

Hi all. Looking for some input regarding our somewhat unique mortgage situation. We purchased current home 3/2009, a short sale, for 400k. We put down 204k, and through a contract set up by attorney, borrowed the balance from a relative (196k). In order to loan us the money, relative took out a vari...