Search found 740 matches

by dsmil
Mon Apr 27, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6396

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

Nope. My company is old school and they were very resistant to letting us work from home at all in the earlier stages of the virus. Now they are allowing people to do half of their work from home during the virus, but I expect that we'll all be back in the office once this passes.
by dsmil
Tue Apr 14, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Where Will Stimulus Check Go?
Replies: 37
Views: 2847

Re: Where Will Stimulus Check Go?

steadyhand wrote: Tue Apr 14, 2020 10:28 am What if there was no refund but instead had to pay?
I'm in this situation as well and I'm under the impression that we won't be part of that first group.
by dsmil
Tue Apr 14, 2020 12:52 pm
Forum: Personal Consumer Issues
Topic: Help Fix My Lawn!
Replies: 31
Views: 2543

Re: Help Fix My Lawn!

My lawn in Maryland is terrible so I just ordered the Cool Season Guide from https://thelawncarenut.com/ and have been watching his youtube videos. He loves the Milorganite so I'm going to throw that on in early April, mid-May, late September, and at the end of October and will use 3,000 sq ft per b...
by dsmil
Fri Apr 10, 2020 2:37 pm
Forum: Personal Consumer Issues
Topic: Help needed for PPP Bank of America issues
Replies: 5
Views: 610

Re: Help needed for PPP Bank of America issues

Would you be willing to open up a credit card in order to qualify?

My company applied with a bank but didn't have an existing account, so we are opening a bank account with them if we get accepted.
by dsmil
Fri Mar 27, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Need help regarding Refinance - feels like I am being ripped off!
Replies: 28
Views: 1855

Re: Need help regarding Refinance - feels like I am being ripped off!

My current mortgage balance is $198,417. Closing cost has origination charges, appraisal fee, title fee, taxes, insurance premium and escrow. Origination charges, appraisal fees, and title/taxes are your real closing costs. Don't include the insurance and escrow amounts, because those are just amou...
by dsmil
Fri Mar 20, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 9422

Re: Young investors, how do you feel about your 1st market crash?

I'm in my low 30's and really don't care about myself losing some retirement money. I don't think stock prices in 2050 are affected by a crash in 2020. If I had cash sitting on the sidelines, I would have been buying more in the last couple of weeks.
by dsmil
Tue Mar 17, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: Bob Brinkers Marketimer Alert
Replies: 25
Views: 4974

Re: Bob Brinkers Marketimer Alert

My father gets his monthly newsletter. He did pick the exact day of the low in February 2016 and gave a buy signal. Other than that, I think he's usually for dollar cost averaging.
by dsmil
Wed Mar 11, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home 3x income ?
Replies: 28
Views: 3472

Re: Buying a home 3x income ?

I wouldn't put too much into that ratio. I would see how the monthly payment and estimated maintenance expenses fit into your budget. Low interest rates, high income, and a large down payment can all help stretch that ratio out. If you really want to use a ratio, I prefer the ratio that your monthly...
by dsmil
Tue Mar 10, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 434
Views: 32265

Re: What is the best concert you ever witnessed?

Bruce Springsteen at Nationals Park in DC in Sept. 2016. Even though I grew up in NJ and my parents are Bruce's age, they didn't play his music in our house growing up. I came into the concert being a very casual listener, who only owned one of his greatest hits albums with about 12 songs on it. I w...
by dsmil
Mon Mar 02, 2020 7:10 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6376
Views: 1434516

Re: What Movie Have You Recently Watched?

Parasite, and I thought it was great. Don't watch the trailer, just see it.
by dsmil
Fri Feb 21, 2020 9:08 am
Forum: Personal Consumer Issues
Topic: Guitar for a 45 year old beginner
Replies: 52
Views: 4326

Re: Guitar for a 45 year old beginner

I recommend this website for learning

http://www.justinguitar.com/
by dsmil
Tue Feb 18, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Bathroom remodel -10K- Is it expensive?
Replies: 44
Views: 5630

Re: Bathroom remodel -10K- Is it expensive?

For reference, we just gutted and remodeled two small, full bathrooms (4x8 and 5x7) for $8k per bathroom (labor + materials).
by dsmil
Mon Feb 10, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase
Replies: 7
Views: 896

Re: Home Purchase

$300k income and able to get a 15 year mortgage while maxing 2 401k's, a Roth, and an HSA? I think you're in great shape to get a home. I still don't understand the need for 20% down that everyone seems to suggest here. Paying $50 per month in PMI for a few years isn't a big deal. I'd much rather be...
by dsmil
Thu Feb 06, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Which mortgage would you choose here
Replies: 12
Views: 1008

Re: Which mortgage would you choose here

3.125% 30-year fixed seems like a great rate. Your cash flow will be better and you don't have to worry about an adjustable rate. I'm guessing that you are in jumbo loan territory on a 595k mortgage, so you are likely paying a premium for that. You may be able to get an even lower rate if you can un...
by dsmil
Tue Feb 04, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment strategy?
Replies: 40
Views: 2681

Re: House down payment strategy?

Were they just luring me to buy? In my experience, lenders will approve you for more than you should actually take. They'll probably use whatever the maximum debt to income ratio is for a conventional loan. I'm sure that giving a larger loan helps them, and they'll wind up selling the loan anyway a...
by dsmil
Mon Feb 03, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 374
Views: 47497

Re: What video games are you currently playing?

Fifa 17 (bought used for $15) on Xbox 360 (received as a gift in 2010). It's the only game that I ever play. True Boglehead style right there.
by dsmil
Mon Jan 13, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: Charleston mid-March to mid-April Recommendations
Replies: 15
Views: 831

Re: Charleston mid-March to mid-April Recommendations

Here are some of things we liked: “Free” Tour of Charleston – 2 hour walking tour and our guide was really good. http://www.freetoursbyfoot.com/charlest ... -district/ Kudu Coffee & Beer – They serve coffee and great beer, and have a nice outdoor courtyard. We were here a lot! - http://kuducoffe...
by dsmil
Fri Jan 10, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 95371

Re: What age did you reach 100K networth?

Age 28. $50k home equity, $25k cash, $70k retirement, minus $45k of student loans.
by dsmil
Fri Jan 10, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?
Replies: 75
Views: 6484

Re: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?

We had a similar thing happen in our last house. Clogs started immediately after moving in, and finally after the county cleaned the line a few times, they finally sent a camera down there and said we had to replace the line. I also found it hard to believe that the sellers weren't aware of this but...
by dsmil
Wed Jan 08, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Picking a Realtor
Replies: 36
Views: 2508

Re: Picking a Realtor

Maybe you've done research in your area, but in my experience, don't assume you'll have to pay 6%. In our case (Maryland), we paid 2% for our (seller's) realtor and 2.5% to the buyer's realtor. Our house was an easy sell though, so it's possible that they would have wanted to charge more if they kne...
by dsmil
Tue Jan 07, 2020 7:59 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 342
Views: 24291

Re: How do YOU make coffee?

On the weekends, I use a stovetop coffee maker (like a Moka Pot) and use a manual grinder to grind the beans. We visited family in Italy a few months ago, and everyone over there has a stovetop coffee maker. I picked one up while over there and have used it ever since. It makes a great cup of very d...
by dsmil
Mon Jan 06, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance?
Replies: 11
Views: 614

Re: Should I refinance?

It seems like a good idea, but definitely shop around to make sure you're getting the best rate/fees. On our recent refinance, our fees (not including escrows/prepaids) were about $3k (origination, title, appraisal). Also, if you are paying PMI and you've put some money into the house, the appraisal...
by dsmil
Thu Jan 02, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay home renovation with cash?
Replies: 17
Views: 2191

Re: Would you pay home renovation with cash?

We just did the 0% credit card offer route while renovating two bathrooms. We'll pay it in 15 months, will earn credit card points, and will earn some interest on the money for the time being.
by dsmil
Tue Dec 31, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11428

Re: How much were you able to save this year?

We only saved 6% of gross towards retirement this year ($8k). Doing some home renovation projects has taken precedent so we'll likely be stuck at this level for a couple more years. After that, we should be back to 15% savings.
by dsmil
Thu Dec 19, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Help with Home purchase--How much to put down
Replies: 18
Views: 1001

Re: Help with Home purchase--How much to put down

I would either do #1, or something between #1 and #2. I don't like the idea of buying points and would rather put the extra money towards the down payment, instead of a fee to the mortgage company. The payoff on paying points takes some time and you may be able to refinance before then anyway. The $...
by dsmil
Fri Dec 13, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Anyone skilled at Award Travel and want to help me fight flights to Maui?
Replies: 20
Views: 1813

Re: Anyone skilled at Award Travel and want to help me fight flights to Maui?

Do any of the Chase travel companion partners fly there? Your best bet could be to transfer your Ultimate Rewards points to a travel partner and book through them, rather than booking directly with Chase.
by dsmil
Fri Dec 13, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need help. Daycare vs Nanny.
Replies: 86
Views: 4902

Re: Need help. Daycare vs Nanny.

The 1-2 drive each way is working out now because she sleeps a lot, but I'm not sure how that will go when she gets a little older. She may get more socialization at daycare, but you can also have your nanny take her places (park, library, etc.) which allows her to see more things.
by dsmil
Wed Dec 04, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 161
Views: 11133

Re: Does anyone have a dishwasher they recommend?

We got a Bosch 300 series last year and it's great. We got it for under $500.
by dsmil
Wed Dec 04, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Who makes good leather and down jacket
Replies: 36
Views: 2762

Re: Who makes good leather and down jacket

I have a an Andrew Marc leather jacket and it's great. It was heavily discounted at Nordstrom Rack and I probably paid around $125 for it.
by dsmil
Mon Dec 02, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Golf Clubs Question
Replies: 30
Views: 2254

Re: Golf Clubs Question

What's your budget and skill level? If it's truly $150, then I'm not sure what other option you have. But if you're willing to spend more, I think buying quality used clubs is the way to go. My favorite website is globalgolf.com. Lie angle and club length for irons are important and have the most to...
by dsmil
Thu Nov 21, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Am I getting scammed on my mortgage rate?
Replies: 17
Views: 1732

Re: Am I getting scammed on my mortgage rate?

"Scammed" is an awfully strong word for something where you know all the details. To me, it means taking unfair advantage of someone without their knowledge. You are very knowledgeble on this situation, so I wouldn't say you were being "scammed" at all. You're right. I guess I m...
by dsmil
Thu Nov 21, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Am I getting scammed on my mortgage rate?
Replies: 17
Views: 1732

Re: Am I getting scammed on my mortgage rate?

Try https://www.mtgprofessor.com/ext/partners/ShopYourLoan.aspx. I'm seeing rates hovering between 3.5 and 3.625. I personally don't like paying for points and giving money to the bank. I'd rather throw that $5k towards lowering the initial mortgage rather than giving it to the bank as basically a f...
by dsmil
Thu Nov 21, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: 2017 Toyota Highlander maintenance reminder is coming on even though oil change is not needed
Replies: 16
Views: 2267

Re: 2017 Toyota Highlander maintenance reminder is coming on even though oil change is not needed

I just reset it myself. We have a Highlander and Prius and I'm having everything done every 10k miles, which is when the oil change is required.
by dsmil
Thu Nov 14, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Where to donate refrigerator, washer, dryer
Replies: 8
Views: 759

Re: Where to donate refrigerator, washer, dryer

My utility company (BGE) has an appliance recycling program and usually pays us $50 or so per appliance.
by dsmil
Mon Nov 11, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Suggestions
Replies: 13
Views: 1197

Re: Student Loan Refinance Suggestions

We've used sofi and Penfed. Both were easy and the rates seemed good.
by dsmil
Thu Nov 07, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1938

Re: Credit score vs down payment

I think you'd be better with $1k more in your auto loan rather than $1k more in credit card debt, so I'd definitely use the $1k toward the credit card. I wouldn't bank on a 60 point change based on lowered utilization, but I don't know the details.
by dsmil
Fri Oct 25, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Another how much mortgage can I afford post.
Replies: 34
Views: 2856

Re: Another how much mortgage can I afford post.

Yes, you can afford it. Your savings will drop but you'll still be putting >15% towards retirement. A 15% savings rate at that income level goes a long way, assuming spending levels aren't too crazy in retirement. dsmil, In summary, you are assuming that OP will not be paying for his kids' college ...
by dsmil
Fri Oct 25, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Another how much mortgage can I afford post.
Replies: 34
Views: 2856

Re: Another how much mortgage can I afford post.

Yes, you can afford it. Your savings will drop but you'll still be putting >15% towards retirement. A 15% savings rate at that income level goes a long way, assuming spending levels aren't too crazy in retirement.
by dsmil
Thu Oct 24, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance worth it?
Replies: 11
Views: 765

Re: Refinance worth it?

I just refinanced to save .5 point, so yes, go for it. I rolled all of the closing costs (lender fees,title fees, escrow requirements) into the loan so I didn't have to bring anything to the table.
by dsmil
Mon Oct 21, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Is this a good mortgage deal?
Replies: 19
Views: 2886

Re: Is this a good mortgage deal?

I like the mortgage professor site for looking at rates (https://www.mtgprofessor.com/ext/partners/ShopYourLoan.aspx). Right now it looks like 3.625% is their rate that is the closest to zero lender fees. Whether the lender calls it points or not, you should focus on the total amount that you're pay...
by dsmil
Fri Oct 18, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Closing costs on a refinance. Negotiable and how?
Replies: 7
Views: 837

Re: Closing costs on a refinance. Negotiable and how?

Are these really "costs" or just cash needed at closing? I'm about to refinance a $400k loan and will pay $1k in lender fees and $1,500 in title/appraisal fees, that's it. Any prepaids/escrow requirements aren't really costs so I wouldn't include those. You'll get a refund of what's leftov...
by dsmil
Thu Oct 17, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2868

Re: Planning to take some money out of roth ira

I wouldn't worry much about taking $5k from your Roth IRA like another person mentioned. The Roth can be a fine place to hold some emergency money because earnings aren't taxable and contributions can be withdrawn tax free. Plus, it's not an earth shattering amount of money. I agree with the other ...
by dsmil
Thu Oct 17, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2868

Re: Planning to take some money out of roth ira

I wouldn't worry much about taking $5k from your Roth IRA like another person mentioned. The Roth can be a fine place to hold some emergency money because earnings aren't taxable and contributions can be withdrawn tax free. Plus, it's not an earth shattering amount of money. I agree with the other ...
by dsmil
Thu Oct 17, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2868

Re: Planning to take some money out of roth ira

Yes, you'll get a 1099-R form which will list the amount distributed, and you'll fill out an 8606 form with your tax return. On the 8606, you'll write down your distribution amount ($5k from 1099-R) and your basis in Roth IRA contributions ($15k). Since $5k<$15k, you won't be taxed, and you'll now h...
by dsmil
Wed Oct 16, 2019 6:59 am
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 59
Views: 4783

Re: How much do you spend on cellular annually?

2 phones with Xfinity Mobile and we pay about $750 per year, $225 of which is to pay for one of the phones.
by dsmil
Fri Oct 11, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Basement foundation wall a little bowed -- should I consult an engineer?
Replies: 11
Views: 1791

Re: Basement foundation wall a little bowed -- should I consult an engineer?

I have a basement wall that is bowed by 2 inches, with a horizontal hairline crack accompanying it. I chose to go the cheaper route by having a foundation inspection done rather than bringing in a structural engineer. We also had a couple of masonry guys come over, take a look, and give quotes to pu...
by dsmil
Tue Oct 01, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA instead of 529 plan
Replies: 54
Views: 3105

Re: Roth IRA instead of 529 plan

I agree with filling the Roth before using the 529. The 529 is easier but I like the flexibility of the Roth. You'll just need some other funding sources once it's time to pay up, since the Roth contributions towards college wouldn't be enough. My long term plan is for the Roth contributions to make...
by dsmil
Mon Sep 30, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: All in one single serve and pot of coffee maker
Replies: 21
Views: 1925

Re: All in one single serve and pot of coffee maker

We have family in Italy who just bought us a Moka Pot (they are very cheap). For someone who likes strong coffee, it is great, and I like it better than our Bonavita coffee maker. It makes 12 oz. or so of coffee.
by dsmil
Mon Sep 30, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 7266

Re: Do you know what your partner spends money on?

We have a joint budget and write everything down. It's annoying but it works.