Search found 858 matches

by campy2010
Mon Aug 19, 2013 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Retirement savings by mid 30s?
Replies: 35
Views: 7309

Re: Poll: Retirement savings by mid 30s?

I'm a complaisant voter in most Boglehead polls, silly or not, but I'm going to take a pass here. If your question is really "How well am I doing?" compared to your own needs/income/goals, then this poll tells you nothing useful. If your question is indeed "Am I richer than you?" then it's just kin...
by campy2010
Fri Aug 16, 2013 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 18
Views: 1669

Re: Career Advice

I would choose A and then reconsider option B upon completion of degree program. My reasoning for choosing A is simple. If you're commuting 3 hrs per day, that doesn't leave a lot of extra time for classes. Plus, if you consider the extra 3 hours per day of commuting time as work plus the 50 hour we...
by campy2010
Fri Aug 16, 2013 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stop Roth to pay off student loans?
Replies: 21
Views: 2092

Re: Stop Roth to pay off student loans?

Why wait to refinance your car note? Interest rates are rising, so you're better off locking in the 2.49% rate that is available at Penfed, Navy Federal, and other credit unions before the rates tick upward. ETA: Navy Federal is running a couple of promotions right now, which would amount to a $350 ...
by campy2010
Tue Aug 13, 2013 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Transfers
Replies: 14
Views: 3593

Re: Student Loan Transfers

Since Direct Loan system was started when interest rates were already high (6.8% fixed for grad students) and all rates were fixed I'm not sure how you can have 2.3% variable loan. In any case the best resource is to contact Federal Student Loan Ombudsman: https://studentaid.ed.gov/repay-loans/disp...
by campy2010
Sun Aug 11, 2013 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Transfers
Replies: 14
Views: 3593

Re: Student Loan Transfers

Did you request consolidation at any point? Don't ask Sally Mae, ask the DOE directly what SM's options are, and what your rights are. They are pretty good at offering loan tracking, and should be able to give you the history of the loans. You likely know these folks: https://studentloans.gov/myDir...
by campy2010
Sun Aug 11, 2013 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Transfers
Replies: 14
Views: 3593

Re: Student Loan Transfers

I call shenanigans on Sallie Mae. In my experience, SM is an awful, terrible company in terms of customer (dis)service. Find the paperwork for your loans and be persistent until you convince them that they can't unilaterally change the terms of your loans. Escalate to a manager and/or supervisor, if...
by campy2010
Wed Aug 07, 2013 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 12941

Re: What do I owe my children?

My question to the OP is what would you have done if sibling #2's path through his MBA program had preceded sibling #1's PhD program. Would you have given sibling #1 extra money because his grad school cost less or would you have called it even with the reasoning that each received the education of ...
by campy2010
Wed Jul 24, 2013 3:24 pm
Forum: Personal Consumer Issues
Topic: Nutrition Bars
Replies: 41
Views: 5946

Re: Nutrition Bars

Another +1 for Kind bars. Many bars only have 5grams of sugar and I keep to a low-carb diet when not training.

However, Kind bars are not good as an energy bar for endurance sports. Too many hard-to-digest nuts and not enough sugar. Belly ache + bonking = bad day on the bike.
by campy2010
Wed Jul 24, 2013 8:37 am
Forum: Personal Finance (Not Investing)
Topic: strategy for talking college selection/costs with kids
Replies: 35
Views: 3151

Re: strategy for talking college selection/costs with kids

In my case I told both of my children that I would pay the full cost of a state University for them for four years. I made it clear that if they wanted to attend an out of state or private college they would be responsible for the difference, using student loans. I like this idea. I think it is bes...
by campy2010
Mon Jul 22, 2013 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Average College Tuition fees paid
Replies: 23
Views: 19233

Re: Average College Tuition fees paid

This information is nicely laid out on the website of the schools in which you're targeting. If I were you, I would start there.
by campy2010
Mon Jul 22, 2013 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Windfall - What Do I Do
Replies: 44
Views: 5911

Re: Windfall - What Do I Do

Just wanted to pop in here and say DON'T consolidate your student loans. Really, there is nothing to gain financially by doing so. A consolidation loan is a weighted average of your existing interest rates. What this means is that if you have a $5,000 loan at 3% and a $5,000 loan at 6%, then your co...
by campy2010
Wed Jul 17, 2013 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Funneling money into 401k or Savings?
Replies: 33
Views: 3744

Re: Funneling money into 401k or Savings?

There are plenty of nice towns in the Boston metro area with good school systems that don't cost as much as Newton/Belmont/Lexington etc. Burlington, Wakefield, Reading, and maybe Stoneham come to mind. You can buy a similarly sized SFH in the $350k-$450k range. Also consider what you budget will lo...
by campy2010
Mon Jul 15, 2013 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Funneling money into 401k or Savings?
Replies: 33
Views: 3744

Re: Funneling money into 401k or Savings?

You're paying ~$200/month on student loan interest and 0.5% PMI on a $500k mortgage is about $200/month. Based on my crude math, student loans vs PMI is essentially a wash. Just make sure the costs are figured in to your monthly housing expenses when you ask yourself "can we afford this mortgage?".
by campy2010
Mon Jul 15, 2013 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Funneling money into 401k or Savings?
Replies: 33
Views: 3744

Re: Funneling money into 401k or Savings?

What is the interest rate on your car and student debt?
by campy2010
Mon Jul 01, 2013 3:36 pm
Forum: Personal Consumer Issues
Topic: Safety schools for a Physics/Math kid
Replies: 264
Views: 29984

Re: Safety schools for a Physics/Math kid

My only piece of advice is to put a few schools that provide "merit-based aid" on your list. If he's as good as you say he is, let the good but lesser ranked schools fight over him with aid money.
by campy2010
Wed Jun 26, 2013 4:17 pm
Forum: Personal Consumer Issues
Topic: credit score and 1 year credit card use
Replies: 12
Views: 1430

Re: credit score and 1 year credit card use

That 30,000 point card was 50,000+10,000 miles a month or so ago. So, you might want to look around or wait for a better deal.

Closed accounts stay on your record for 10 years so it isn't a big issue in my book.
by campy2010
Wed Jun 26, 2013 3:31 pm
Forum: Personal Consumer Issues
Topic: Is "buying organic" food worth it?
Replies: 89
Views: 7463

Re: Is "buying organic" food worth it?

I buy local produce and meats/chicken but don't require that it is organic. Local produce tastes better. Growing up, I swam in the irrigation canals/lakes full of pesticides and fertilizer run-off and played in backyards right next to crops that were crop-dusted. So anything I do now is probably a w...
by campy2010
Tue Jun 25, 2013 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans or invest
Replies: 10
Views: 1712

Re: Pay off student loans or invest

The income phase out for Roth IRAs is $10,000 when filing married filing separately. In other words, you have to choose MFS or Roth IRA contributions. You can't do both. You can still do a backdoor Roth IRA; contribute to a non-deductible IRA and immediately convert it to a Roth. (If you made a Rot...
by campy2010
Tue Jun 25, 2013 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans or invest
Replies: 10
Views: 1712

Re: Pay off student loans or invest

The income phase out for Roth IRAs is $10,000 when filing married filing separately. In other words, you have to choose MFS or Roth IRA contributions. You can't do both. You can still use the IBR program even if you file as a married couple. Your monthly payment may be slightly higher since the form...
by campy2010
Tue Jun 25, 2013 10:15 am
Forum: Forum Issues and Administration
Topic: Bogleheads Without Avatars
Replies: 197
Views: 21483

Re: Bogleheads Without Avatars

Ask and you shall receive.
by campy2010
Mon Jun 24, 2013 9:39 pm
Forum: Personal Consumer Issues
Topic: Airport to Manhattan, what would you do?
Replies: 31
Views: 2125

Re: Airport to Manhattan, what would you do?

I researched this question recently and ran into this blog post, which pretty much covers all the options, except car service and rental car. http://evidiot.blogspot.com/2006/10/10-ways-to-get-to-newark-airport-and.html I particularly like #6 6. L Train to 8th Avenue, A/C/E Train to Penn Station, Ne...
by campy2010
Thu Jun 20, 2013 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Move Student Loan to 0% Credit Card
Replies: 13
Views: 4847

Re: Move Student Loan to 0% Credit Card

I did this with my student loans and Navy Federal is the proud owner of my outstanding SL balance. I feel less stressed about repayment, mainly because the last of my loans are sitting at 0%. BUT there are a couple of things to keep in mind. 1. You won't be able to write a check to your SL company w...
by campy2010
Wed Jun 19, 2013 11:21 am
Forum: Investing - Help with Personal Investments
Topic: 401K Loan -- Sanity Check
Replies: 32
Views: 3488

Re: 401K Loan -- Sanity Check

Penfed 1.99% or maybe it is now 2.49% HEL is also an option. Although note that the HEL may have a minimum term.
by campy2010
Wed Jun 05, 2013 8:54 pm
Forum: Personal Consumer Issues
Topic: Downstairs neighbor wants to inspect my apartment
Replies: 34
Views: 4394

Re: Downstairs neighbor wants to inspect my apartment

Regardless of whether you let them in or not, you might want to consider taking some "before" photos. You know, just in case.
by campy2010
Sat Jun 01, 2013 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Debt vs. Investing.
Replies: 25
Views: 5987

Re: Advice on Debt vs. Investing.

So you have takehome pay of over $5/month, debt expenses of about $2k, perhaps another $1k living expenses leaving you with roughly an additional $2k takehome per month. Where is this unaccounted for $3k a month going? You've got $143,000 in student loans, which will be more like $43k - $63k. Take ...
by campy2010
Sat Jun 01, 2013 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Advice appreciated on retirement planning for young couple
Replies: 15
Views: 1118

Re: Advice appreciated on retirement planning for young coup

I'm confused as to why you would save for a home 2-4 years down the road while you have high interest student loans. Use the savings to pay off (or down) the high interest debt and start over saving for a home. Your family's balance sheet is $170k in the red; you can't afford a home and I'm not sur...
by campy2010
Sat Jun 01, 2013 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Advice appreciated on retirement planning for young couple
Replies: 15
Views: 1118

Re: Advice appreciated on retirement planning for young coup

I'm confused as to why you would save for a home 2-4 years down the road while you have high interest student loans. Use the savings to pay off (or down) the high interest debt and start over saving for a home. Your family's balance sheet is $170k in the red; you can't afford a home and I'm not sure...
by campy2010
Wed May 29, 2013 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA and College Verification
Replies: 17
Views: 1437

Re: FAFSA and College Verification

You want to tell your Congressmen that people should be able to apply for the FAFSA with no income verification? Really? I'm not sure if you are aware, but there is a considerable amount of fraud and abuse in the student aid system. People with new and stolen identities sign up for community college...
by campy2010
Thu May 16, 2013 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Move back w/parents or sign 1 year lease
Replies: 42
Views: 3237

Re: Move back w/parents or sign 1 year lease

Very well thought out on all these points. As many have stated, it is a huge investment, and post-MBA salary is not guaranteed. That being said, MBA gives me the chance to get into consulting or i-banking. I am a former consultant at a mid-tier firm, but would not be able to get into a top 5 consul...
by campy2010
Thu May 16, 2013 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Move back w/parents or sign 1 year lease
Replies: 42
Views: 3237

Re: Move back w/parents or sign 1 year lease

As you well know, both consulting and I-Banking have strict up or out policies and most transition out after a few years. So, in your best case scenario where would you want to go post-consulting or I-Banking. Can you get there from where you are now without an MBA or with a low-cost/part-time MBA?
by campy2010
Thu May 16, 2013 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Move back w/parents or sign 1 year lease
Replies: 42
Views: 3237

Re: Move back w/parents or sign 1 year lease

It depends on how well you and your parents can live together. Like roommates in college who should discuss living arrangements and sign contracts, you and your parents should talk about how to live together more like "roommates". Who is going to do what chores? Who is going to pay for what? Rules ...
by campy2010
Thu May 16, 2013 1:26 pm
Forum: Personal Consumer Issues
Topic: Airfare keeps going up. Buy now or wait?
Replies: 38
Views: 3730

Re: Airfare keeps going up. Buy now or wait?

Like others have said, high season is only getting closer so you need to pull the trigger soon.

Try pricing out flights into another city and connecting to Vienna either by a low cost carrier or by rail.
by campy2010
Thu May 16, 2013 9:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Next - Financial Planning
Replies: 8
Views: 970

Re: What's Next - Financial Planning

I think you're focused too much on low-interest debt repayment to the detriment of your retirement savings. This would be my order of operations. 1. Pay down 6.5% student loans IMMMEDIATELY if the money is in savings. You're paying over $250/month to interest and any principal payment will put a sig...
by campy2010
Wed May 15, 2013 7:12 pm
Forum: Personal Consumer Issues
Topic: Using full name for email - bad or good idea?
Replies: 37
Views: 27123

Re: Using full name for email - bad or good idea?

I use firstname.lastname@gmail.com. The major downside is that you get lots of email for those who share your first name and last name. I think spammers oftentimes use common firstname.lastname combos. So, there's that too. Otherwise, no problems. If your firstname lastname is still available, then ...
by campy2010
Wed May 15, 2013 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Move back w/parents or sign 1 year lease
Replies: 42
Views: 3237

Re: Move back w/parents or sign 1 year lease

It depends on how well you and your parents can live together. Like roommates in college who should discuss living arrangements and sign contracts, you and your parents should talk about how to live together more like "roommates". Who is going to do what chores? Who is going to pay for what? Rules ...
by campy2010
Tue May 14, 2013 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fiancee Got Into Med School: Should I Rent or Sell My Condo?
Replies: 35
Views: 3947

Re: Fiancee Got Into Med School: Should I Rent or Sell My Co

Federal student loans for professional school don't need to be repaid until you graduate but start accruing interest from day 1. The interest rate is 6.8% on the first $20.5k per year (Stafford) and 7.75% on any additional loans (Grad Plus). In addition, there is a 4% origination fee added to each l...
by campy2010
Mon May 13, 2013 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: tax friendly states for retirees
Replies: 96
Views: 10215

Re: tax friendly states for retirees

What about Washington state. No income tax, does it rank as favorable? It's on our list of possible someday-retirement places--but because we like Washington, not because it has no income tax, although that's a "background" consideration. It does have a high sales tax, and among the nation's highes...
by campy2010
Tue May 07, 2013 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 8749

Re: Medical Resident: When Should I Get Disability Insurance

Agree with the above post. I'm in my early 30s, cyclist, runner, and by all accounts very healthy. But was diagnosed with a relatively serious condition while in grad school a few years ago. I was a student so I had no income to insure but now I'm essentially uninsuranble for the one condition for w...
by campy2010
Sat Apr 06, 2013 10:25 am
Forum: Personal Consumer Issues
Topic: American vs Venezuelan cell/3G/4G LTE charges
Replies: 9
Views: 895

Re: American vs Venezuelan cell/3G/4G LTE charges

I have some fond memories of traveling in Venezuela a few years ago. This was in the pre-data plan era, but it was my impression that there is a lot of competition in the Venezuelan cell phone market. Plus, the pay-as-you-go options kept the prices down. But those scratch off cell phone minute cards...
by campy2010
Sun Mar 31, 2013 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Undergraduate Education? [Pre-Med, How to finance]
Replies: 13
Views: 3814

Re: Undergraduate Education? [Pre-Med, How to finance]

BU: $14k tuition +$14k housing = ~$30k/year x 4 = $120,000 UMass Boston is a commuter school so he may as well live at home. Total cost: $0 Are these the only 2 options? BU is a okay school but is expensive and UMass Boston is toward the bottom of the barrel in the UMass system. He probably couldn't...
by campy2010
Sat Mar 30, 2013 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: School Loans, IRA, Vanguard, OH MY!
Replies: 35
Views: 2684

Re: School Loans, IRA, Vanguard, OH MY!

Like Livesoft said, the problem with these Income Based Repayment programs is that by committing to not paying off your loans you are essentially betting against your salary increasing over time. And it's a bad bet since your salary should increase with inflation alone. I ran some numbers to see whe...
by campy2010
Sun Mar 24, 2013 12:15 pm
Forum: Personal Consumer Issues
Topic: Gift card for cyclist
Replies: 22
Views: 1424

Re: Gift card for cyclist

Performance Bike or Nashbar tend to have decent choices and some good deals. But Amazon is not a bad choice either.
by campy2010
Sun Mar 17, 2013 9:45 pm
Forum: Personal Consumer Issues
Topic: New Doctor: Rent or Buy Home in Chicago?
Replies: 47
Views: 3890

Re: New Doctor: Rent or Buy Home in Chicago?

Are you doing a proper comparison? Is the same or similar condo that costs $250K to buy rent at $2K/month? Rental yield = 9.6%. I would be surprised if this is true. Absolutely. According to realtor.com, there are some great condos in Lincoln Park, a very desirable part of Chicago selling for aroun...
by campy2010
Thu Mar 14, 2013 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 16443

Re: Quitting job and starting law school in the Fall - help!

I agree to leave your 401k alone if you have access to a 0% loan from family. EXCEPT, that I would use your 2L year to roll over your 401k to a Roth IRA since your income will likely be at an all-time low that year. Good Luck. Should I leave it in my employer's 401k until then? Or do I roll-over to...
by campy2010
Thu Mar 14, 2013 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Quitting job and starting law school in the Fall - help!
Replies: 97
Views: 16443

Re: Quitting job and starting law school in the Fall - help!

I agree to leave your 401k alone if you have access to a 0% loan from family. EXCEPT, that I would use your 2L year to roll over your 401k to a Roth IRA since your income will likely be at an all-time low that year. Good Luck.
by campy2010
Tue Mar 05, 2013 9:29 pm
Forum: Personal Consumer Issues
Topic: Ipod docking player
Replies: 6
Views: 621

Re: Ipod docking player

How long until the rechargeable batteries stop holding their charge? Is this issue a dealbreaker that some Amazon reviewers make it out to be?
by campy2010
Thu Feb 28, 2013 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Grad school loans, savings, and more
Replies: 23
Views: 2034

Re: Grad school loans, savings, and more

Thanks all so much for the (completely uniform!) advice! It's definitely a kick in the ass, and I've begun rearranging my automatic transfers to accomplish this faster. Agree. By the way, I'm a retired partner from a large firm. While your current income is really good, the fact is that you probabl...
by campy2010
Tue Feb 26, 2013 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 5257

Re: Student Loan Repayment Strategy

Yes, once the interest capitalizes, interest is charged on the interest as well as the principal balance. If I could go back and change my own student loan situation, I would have paid off that accrued interest before repayment began for this very reason. This applies for both unsubsidized and subs...
by campy2010
Mon Feb 25, 2013 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Strategy
Replies: 32
Views: 5257

Re: Student Loan Repayment Strategy

I agree with the above posters. Your expenses are low, so use your time living with your parents to get rid of at least the higher-interest rate debt. 1. You could earn more investing your money elsewhere, but it is also nice to be debt-free. You have some time to decide while you pay off your high-...