Search found 994 matches

by sls239
Fri Apr 16, 2021 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 78
Views: 6891

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

I don't think it makes sense, and it didn't happen to me.

I'm sure the check cleared before they mailed the deed.
by sls239
Tue Apr 13, 2021 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8893

Re: Prenuptial arrangements

How to have better financial discussions - I think putting it into perspective will help you have better discussions. I see a few ways to put it into perspective. 1) The amount of money you each have right now should be pretty comforting, you've both done a good job. Neither of you, no matter what h...
by sls239
Thu Apr 01, 2021 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspection Advice
Replies: 41
Views: 1336

Re: Home Inspection Advice

If there's anything that suggests a problem, then you should hire a specialist for that issue. That is why the language of the report is the way it is, because this is a general inspection, not a specialized one.
by sls239
Wed Mar 31, 2021 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Buying a farm
Replies: 34
Views: 4499

Re: Buying a farm

You cannot afford to pay down the farm debt and build a house, even with the current equity in your home to get you started (what is that, like $200K?)

But you think you can afford to pay your current house payment plus an extra $2000 / month.

I'm not sure this is making sense.
by sls239
Mon Mar 08, 2021 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: help with math on low balance refinance
Replies: 5
Views: 474

Re: help with math on low balance refinance

Do you actually have someone offering to re-fi $87k at 2%?

Can I ask who?

And if not, then I wouldn’t tie yourself in knots about this just yet.
by sls239
Mon Feb 01, 2021 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: BH opinions on financial assistance for parents
Replies: 22
Views: 916

Re: BH opinions on financial assistance for parents

"Paying yourself first" doesn't literally mean paying yourself first. What it means is allocating money to your financial plan first, and working your other spending around that. My financial plan has always included some support for other family members, support for children, and donation...
by sls239
Tue Nov 24, 2020 6:53 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 63
Views: 5803

Re: Recommendations from financial advisor

I think the first thing you should do is ask why he didn't require the financial advisor that he is paying to fully explain each and every recommendation and what the role is in their overall portfolio, but is instead looking to you for free advice that you can't really give because you don't have t...
by sls239
Tue Nov 24, 2020 6:20 pm
Forum: Personal Consumer Issues
Topic: Where and What healthy baked desserts to buy ?
Replies: 26
Views: 1856

Re: Where and What healthy baked desserts to buy ?

I consider a nice slice of bread with some butter and honey to be a dessert. Have you ever seen a Great Harvest? They mill their own flour so their breads are fantastic.
by sls239
Wed Nov 18, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Essential kitchen appliances?
Replies: 55
Views: 2970

Re: Essential kitchen appliances?

The tools I use most - a ceramic chef knife and a ceramic pairing knife, a peeler, and 2 or 3 of the largest cutting boards that will fit in the dishwasher. The utensils I use the most - a silicon spatula, a metal spatula, a silicone spoon, and a good pair of tongs. You'll also want a corkscrew and ...
by sls239
Sat Sep 26, 2020 4:33 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 233
Views: 16968

Re: A simpler car.

As far as I know, all cars have paint.

So yeah I think saying you want something simpler is a little off the mark.

What is it that you are actually looking for?
by sls239
Fri Sep 25, 2020 4:39 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4372

Re: How to combine finances with your spouse? Recently married/early30s

No, I don't think your nest egg is what you should concern yourself with much - although keeping the pre-marital accounts separate is fine, just realize that the earnings these accounts can be considered marital property. I think what you should concern yourself with is your priorities as a married ...
by sls239
Thu Aug 27, 2020 9:42 am
Forum: Investing - Theory, News & General
Topic: "Turning 401(k) Plans into Lifetime Investments"
Replies: 47
Views: 4571

Re: "Turning 401(k) Plans into Lifetime Investments"

The difference still remains that with a traditional pension, the final years of employment generally have disproportionate impact whereas with a 401k, even if it is eventually annuitized the early years tend to have disproportionate impact. Not to sidetrack the conversation, but I feel that has a l...
by sls239
Wed Aug 19, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: How does one respond to this ethical/emotional critique of indexing?
Replies: 57
Views: 4704

Re: How does one respond to this ethical/emotional critique of indexing?

I try not to overthink things.

When someone is trying to shame me for rejecting them, I just assume they feel a sense of entitlement that is not justified.

It is extraordinarily common.
by sls239
Fri Aug 14, 2020 5:37 pm
Forum: Personal Consumer Issues
Topic: Driving Boston to Nashville
Replies: 51
Views: 2784

Re: Driving Boston to Nashville

With a 16ft truck, I’d take OH over WV.
by sls239
Fri Aug 14, 2020 5:05 pm
Forum: Personal Consumer Issues
Topic: Microphone
Replies: 6
Views: 586

Microphone

I’m considering a decent microphone that can be used for virtual classes both with voice and instruments (trombone if it matters).

Can someone help point me in the right direction? Is it even worth trying to upgrade from the built-in mic on various devices?
by sls239
Sat Aug 08, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Starting divorce process - how to succeed financially?
Replies: 79
Views: 10613

Re: Starting divorce process - how to succeed financially?

I think you have some choices you will need to make. For example I think you will want to choose between pursuing real estate and pursuing medicine. Give yourself time to grieve the loss of your marriage, and also to figure out what you want. In this sense, you are lucky to have a year of school lef...
by sls239
Mon Aug 03, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: extended coverage title insurance versus Municipal Records Search
Replies: 11
Views: 668

Re: Home purchase: extended coverage title insurance versus Municipal Records Search

I don't know about the extended part, but I do buy the owners title insurance policy. Last move was a corporate relocation where you technically are selling the house to the re-lo company who then resell it to the buyers - and someone - I think the relocation company's title company which was based ...
by sls239
Mon Aug 03, 2020 12:11 pm
Forum: Investing - Theory, News & General
Topic: What Would Be Your US/Int Equity Split If You Lived Outside US?
Replies: 58
Views: 2776

Re: What Would Be Your US/Int Equity Split If You Lived Outside US?

I'm not sure I could answer this question without a lot more details. Different countries have their own retirement set-ups and their own health-care set-ups and their own housing markets and arrangements. So my whole allocation, my whole goal, not just the domestic / international split might look ...
by sls239
Wed Jul 01, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Landlord expectations: Rats in the yard
Replies: 80
Views: 5930

Re: Landlord expectations: Rats in the yard

Just remember pregnant wife needs to stay away from unfamiliar cats and their feces.
by sls239
Sat Jun 27, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Very Suspect Collection Agency Letter
Replies: 16
Views: 1416

Re: Very Suspect Collection Agency Letter

I had a collection show up on my credit report once. It was for someone with the same name as me and state of residence but when disputed they could not match anything else. So away it went. Sometimes collections companies are more eager than accurate. Don’t want a $35 bogus charge to get to point ...
by sls239
Sat Jun 27, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: lump sum investing vs dollar cost averaging in the present market
Replies: 66
Views: 3856

Re: lump sum investing vs dollar cost averaging in the present market

Do you see yourself under just about any circumstances needing this money in the next 5-10 years? no this is for my children or for me say 30 years from now. The point is I saw an article showing that LSI usually outperforms, but when it doesn't, it can underperform a lot compared to DCA. I try to ...
by sls239
Sat Jun 27, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Very Suspect Collection Agency Letter
Replies: 16
Views: 1416

Re: Very Suspect Collection Agency Letter

I had a collection show up on my credit report once. It was for someone with the same name as me and state of residence but when disputed they could not match anything else.

So away it went.

Sometimes collections companies are more eager than accurate.
by sls239
Sat Jun 27, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: lump sum investing vs dollar cost averaging in the present market
Replies: 66
Views: 3856

Re: lump sum investing vs dollar cost averaging in the present market

Do you see yourself under just about any circumstances needing this money in the next 5-10 years?
by sls239
Fri Jun 26, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Going Thru Divorce
Replies: 41
Views: 6804

Re: Going Thru Divorce

Before the divorce is final you will need to establish who will be maintaining the health insurance for the child and what proportion of out of pocket expenses you will be responsible for. You would also be well advised to know under what conditions child support can be modified / recalculated. And ...
by sls239
Fri Jun 26, 2020 10:14 am
Forum: Personal Investments
Topic: Help with College Funds advice from a FA
Replies: 50
Views: 2502

Re: Help with College Funds advice from a FA

So in general, what this person is suggesting is that you lower the credit quality of the bonds you buy in order to get a higher interest rate Did he give any explanation as to why that was the best strategy for your situation? A good FA will not just list off funds to buy. They will explain the str...
by sls239
Thu Jun 25, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 8304

Re: Question - Reloc to TX

Unless you just need several bedrooms a multi-car garage and a school district, I would hesitate to buy in Frisco. I think you can expect there to be nice rentals available. Frankly, they are still building new homes around there, and trying to sell a home when people have the option of a brand new ...
by sls239
Thu Jun 25, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Target Date Funds doing it backwards?
Replies: 98
Views: 10794

Re: Target Date Funds doing it backwards?

He makes the common mistake of using more money as the goal.
That is not the goal.
The goal is enough money.
by sls239
Wed Jun 24, 2020 4:28 pm
Forum: Investing - Theory, News & General
Topic: A bond duration glide path for retirement investing
Replies: 72
Views: 7467

Re: A bond duration glide path for retirement investing

Well doesn't credit risk have a duration component? I mean isn't it inherently more difficult to evaluate credit risk on a longer duration bond?
by sls239
Wed Jun 24, 2020 4:16 pm
Forum: Investing - Theory, News & General
Topic: A bond duration glide path for retirement investing
Replies: 72
Views: 7467

Re: A bond duration glide path for retirement investing

Can someone explain to me why it is interest rate risk that should be singled out as important enough to drive the selection of bond duration?
by sls239
Wed Jun 24, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying "fixed income immediate annuity". How do I compare them?
Replies: 49
Views: 2368

Re: Buying "fixed income immediate annuity". How do I compare them?

So have you considered putting $475K into an annuity and leaving $10K as the inheritance? Or 465K and 20K? Or... you get the idea. If the inheritance portion were invested, it could also help on the off chance that inflation becomes a problem. I think you are trying to use an annuity to solve issues...
by sls239
Wed Jun 24, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying "fixed income immediate annuity". How do I compare them?
Replies: 49
Views: 2368

Re: Buying "fixed income immediate annuity". How do I compare them?

Have you gotten quotes for separate annuities?

I guess I'm not understanding why each person can't just get their own.
by sls239
Wed Jun 24, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Keep House and Rent Long Distance or Sell?
Replies: 16
Views: 1037

Re: Keep House and Rent Long Distance or Sell?

I'd consider everything you said to be a selling feature. People renting out their basements are right there to keep an eye on things. If you rented out the upstairs, they would not consider it their responsibility to keep an eye on the tenet downstairs. It may be a good opportunity, but likely not ...
by sls239
Tue Jun 23, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: View Refinancing as Bond Investment?
Replies: 11
Views: 555

Re: View Refinancing as Bond Investment?

Most people 12 years out from retirement would be looking to decrease risk in their portfolios. As your housing becomes more secure, you may find that you do not need to do that as much as you might have with a larger outstanding mortgage balance. But I don't think the act of refinancing in itself -...
by sls239
Tue Jun 23, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 15821

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

I think the article is rather kind to the board by focusing on substance only.
by sls239
Sun Jun 21, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan vs Cash
Replies: 38
Views: 2702

Re: Car Loan vs Cash

So you have four kids, but they aren't quite old enough to have gotten involved in expensive activities or to determine if they will have struggles with school.

I suggest sticking to that $25k budget.
by sls239
Tue Jun 16, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8323

Re: Would you rent your house to a famous athlete?

No, but I'd certainly ask the realtor if marketing the house as a potential investment property (for someone else) would be warranted.

Then the interested athlete would become a selling feature.
by sls239
Mon Jun 15, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional or Roth for @ Home Wife?
Replies: 4
Views: 366

Re: Traditional or Roth for @ Home Wife?

Yes, I've done that. They even spell it out in chart form

https://www.irs.gov/publications/p590a# ... 1000230476
by sls239
Mon Jun 15, 2020 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 12013

Re: Prenup? What Should It Say?

No. The 50k is the pretend earnings on the 1M over the one year of marriage. That's what would remain yours if the marriage lasted a year and you had a pre-nup of the type you are talking about but otherwise would likely be split as marital property. So actually the savings is basically half that, $...
by sls239
Sun Jun 14, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: Undergrad college list parameters.
Replies: 100
Views: 4459

Re: Undergrad college list parameters.

If this person is already passionate about this particular field, then I think the best advice would come from people who are doing the work she is interested in doing. If this is just a plan she selected because somebody expects her to have a plan, then really she should just look at schools with g...
by sls239
Sun Jun 14, 2020 10:15 pm
Forum: Investing - Theory, News & General
Topic: Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans
Replies: 65
Views: 5456

Re: Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans

So this is a way of selling ownership in non-publicly owned companies to the public?
by sls239
Sun Jun 14, 2020 9:42 pm
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 36
Views: 3797

Re: Feminine Beauty Products - best bang for your buck?

I use the Neutragena ultra gentle face wash. I've used the CeraVe before and it's ok too but a little thinner in consistency. I put it on a Target washcloth so that takes care of the exfoliating part. I use a cotton ball with some Alba botanical acnedote astringent on it for the rare pimple. That's ...
by sls239
Sun Jun 14, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 12013

Re: Prenup? What Should It Say?

Most pre-nups that are upheld are of short duration 5-7 years and phase out over that period. And that is assuming there are not extenuating circumstances. And Extenuating circumstances might be more common than the name implies. You would definitely want to delve into that. Consider it to be insura...
by sls239
Sat Jun 13, 2020 4:44 pm
Forum: Personal Investments
Topic: Make Non-Deductible Traditional IRA Contributions Near Retirement?
Replies: 14
Views: 880

Re: Make Non-Deductible Traditional IRA Contributions Near Retirement?

Do you have any way of using this money to reduce your future expenses?

In particular consider healthcare and mortgage expenses.
by sls239
Sat Jun 13, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10916

Re: Girlfriend paying rent

Correct me if I'm wrong, but you two expect to sleep in the same room right? If so, this situation really has nothing to do with rent or the market value of anything. Put that out of your mind because you chose to buy this house by yourself and not rent out any other rooms, not her. At the same time...
by sls239
Wed Jun 10, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Good dusting cloth (that doesn't just move dust around) Also Air Purifiers?
Replies: 41
Views: 2999

Re: Good dusting cloth (that doesn't just move dust around) Also Air Purifiers?

First I use my vacuum cleaner with the brushy attachments to dust. It has a HEPA filter on it. Then I wipe with a barely damp rag. If you use a microfiber cloth, you need to launder them only with other synthetic fabrics. I have special zip covers for my mattress and pillowcases. I also double case ...
by sls239
Wed Jun 03, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Strategy
Replies: 30
Views: 2257

Re: 529 Plan Strategy

I think you do risk over-funding given your parameters. But that is assuming you blindly follow it for the next 18 years.

I think you should prioritize retirement, then put some into education savings and remain flexible while taking your child's demonstrated needs into consideration.
by sls239
Wed Jun 03, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6245

Re: Selling wife's 1-year old car?

What will her commute be if you buy the house? Who will be dropping baby off at childcare? Who will be taking baby to well checks? Who will do diaper runs? Who will buy baby's clothing? Who will handle birthday parties, visits to the grandparents, photography sessions, and playdates? Your reasoning ...
by sls239
Wed Jun 03, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's expectations of subsidizing her friends' lives
Replies: 82
Views: 4643

Re: Wife's expectations of subsidizing her friends' lives

I suggest starting with getting on the same basic financial page. For example, does she agree that you guys should be saving 20% of income for retirement / rainy day? Does she agree with how much money goes to joint expenses like rent? Once you can agree on a basic plan, then you can discuss how muc...
by sls239
Wed Jun 03, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 765
Views: 36696

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

It reduces the risk over a period of time during which they may gain clarity.

In short, DCA is just a way of buying time. Literally.
by sls239
Wed Jun 03, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 765
Views: 36696

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Would you ever think, now is the time to take less risk, pull 200k out, and slowly put it back in? Yes, I would, I have (not 200K though), and I did. It involved moving and buying a house and going to a single income at a new job. To me that sounds like you AA was too risky based on new life change...