[joec]

[quote=yellowS2K]

Thanks for all the tips on this from the various posts above – we’ll probably put ourselves on the wait list first thing Monday am – even if we didn’t end up living near (like La Jolla Scenic Dr), might make sense to have daycare as close to wife’s work as possible.

They take infants as young as 3 months. Probably wouldn’t want to start at 3 months – wife will take as much time as she can, and then I’ll follow that by taking as much time as I can (maybe even contemplating unpaid leave for a few months if I can work that out with my employer).

Now we just have to find/buy/move-in-to a house before the little one arrives![/quote]

Just thought I’d add that in CA, dads can also take “Paid Family Leave” so if you do take time off from work, you could get paid for it as well. Just google it and the CA site should pop up.

I think it’s all funded from CA SDI.

The school overcrowding issue is really strange to me. I think it’s only logical to give priority to people who can actually walk to the school or is right next to the school a higher placement since it seems like a no brainer for everyone. Having to drive 10 miles when you can walk across the street sounds like a pretty stupid way to do it.

[joec]

[quote=yellowS2K]

Thanks for all the tips on this from the various posts above – we’ll probably put ourselves on the wait list first thing Monday am – even if we didn’t end up living near (like La Jolla Scenic Dr), might make sense to have daycare as close to wife’s work as possible.

They take infants as young as 3 months. Probably wouldn’t want to start at 3 months – wife will take as much time as she can, and then I’ll follow that by taking as much time as I can (maybe even contemplating unpaid leave for a few months if I can work that out with my employer).

Now we just have to find/buy/move-in-to a house before the little one arrives![/quote]

Just thought I’d add that in CA, dads can also take “Paid Family Leave” so if you do take time off from work, you could get paid for it as well. Just google it and the CA site should pop up.

I think it’s all funded from CA SDI.

The school overcrowding issue is really strange to me. I think it’s only logical to give priority to people who can actually walk to the school or is right next to the school a higher placement since it seems like a no brainer for everyone. Having to drive 10 miles when you can walk across the street sounds like a pretty stupid way to do it.

[joec]

[quote=yellowS2K]

Thanks for all the tips on this from the various posts above – we’ll probably put ourselves on the wait list first thing Monday am – even if we didn’t end up living near (like La Jolla Scenic Dr), might make sense to have daycare as close to wife’s work as possible.

They take infants as young as 3 months. Probably wouldn’t want to start at 3 months – wife will take as much time as she can, and then I’ll follow that by taking as much time as I can (maybe even contemplating unpaid leave for a few months if I can work that out with my employer).

Now we just have to find/buy/move-in-to a house before the little one arrives![/quote]

Just thought I’d add that in CA, dads can also take “Paid Family Leave” so if you do take time off from work, you could get paid for it as well. Just google it and the CA site should pop up.

I think it’s all funded from CA SDI.

The school overcrowding issue is really strange to me. I think it’s only logical to give priority to people who can actually walk to the school or is right next to the school a higher placement since it seems like a no brainer for everyone. Having to drive 10 miles when you can walk across the street sounds like a pretty stupid way to do it.

[joec]

I’d have a tough time getting off the treadmill with 2 kids (I assume still young kids?). There was another post about taking time off due to burnout earlier as well which you might want to review to get some ideas.

Anyhow, having done that myself and simply leaving my job some years back, there are a ton more risks if someone else is dependent on your income. 500k doesn’t go that far over the long term. Especially if you plan to help with college.

I don’t think SD is “all that” of a place (I probably like the bay area better for being closer to Tahoe), but bay area housing really is much more insane if you’re just trying to buy a SFH in a nice (top API area). Same goes for LA.

In regards to finding a place in SD, I’m starting to wonder if the folks who have lived here for a long time are the only ones who are actually more ok with living in the cities posted in the list above. Having lived in one of those areas, I can honestly agree that I’d rather have my kid playing video games than riding their bike around those towns.

My parents live in a “now” pretty crappy part of northern cal, but from living there still, they don’t seem to mind or notice it even though the area is pretty ghetto now in terms of demographics and schools. What’s interesting is ALL of the kids have moved out and to other areas so this makes me think that folks who live in these areas now see one thing while new home buyers who aren’t “forced” to live there see another.

[joec]

I’d have a tough time getting off the treadmill with 2 kids (I assume still young kids?). There was another post about taking time off due to burnout earlier as well which you might want to review to get some ideas.

Anyhow, having done that myself and simply leaving my job some years back, there are a ton more risks if someone else is dependent on your income. 500k doesn’t go that far over the long term. Especially if you plan to help with college.

I don’t think SD is “all that” of a place (I probably like the bay area better for being closer to Tahoe), but bay area housing really is much more insane if you’re just trying to buy a SFH in a nice (top API area). Same goes for LA.

In regards to finding a place in SD, I’m starting to wonder if the folks who have lived here for a long time are the only ones who are actually more ok with living in the cities posted in the list above. Having lived in one of those areas, I can honestly agree that I’d rather have my kid playing video games than riding their bike around those towns.

My parents live in a “now” pretty crappy part of northern cal, but from living there still, they don’t seem to mind or notice it even though the area is pretty ghetto now in terms of demographics and schools. What’s interesting is ALL of the kids have moved out and to other areas so this makes me think that folks who live in these areas now see one thing while new home buyers who aren’t “forced” to live there see another.

[joec]

I’d have a tough time getting off the treadmill with 2 kids (I assume still young kids?). There was another post about taking time off due to burnout earlier as well which you might want to review to get some ideas.

Anyhow, having done that myself and simply leaving my job some years back, there are a ton more risks if someone else is dependent on your income. 500k doesn’t go that far over the long term. Especially if you plan to help with college.

I don’t think SD is “all that” of a place (I probably like the bay area better for being closer to Tahoe), but bay area housing really is much more insane if you’re just trying to buy a SFH in a nice (top API area). Same goes for LA.

In regards to finding a place in SD, I’m starting to wonder if the folks who have lived here for a long time are the only ones who are actually more ok with living in the cities posted in the list above. Having lived in one of those areas, I can honestly agree that I’d rather have my kid playing video games than riding their bike around those towns.

My parents live in a “now” pretty crappy part of northern cal, but from living there still, they don’t seem to mind or notice it even though the area is pretty ghetto now in terms of demographics and schools. What’s interesting is ALL of the kids have moved out and to other areas so this makes me think that folks who live in these areas now see one thing while new home buyers who aren’t “forced” to live there see another.

[joec]

I’d have a tough time getting off the treadmill with 2 kids (I assume still young kids?). There was another post about taking time off due to burnout earlier as well which you might want to review to get some ideas.

Anyhow, having done that myself and simply leaving my job some years back, there are a ton more risks if someone else is dependent on your income. 500k doesn’t go that far over the long term. Especially if you plan to help with college.

I don’t think SD is “all that” of a place (I probably like the bay area better for being closer to Tahoe), but bay area housing really is much more insane if you’re just trying to buy a SFH in a nice (top API area). Same goes for LA.

In regards to finding a place in SD, I’m starting to wonder if the folks who have lived here for a long time are the only ones who are actually more ok with living in the cities posted in the list above. Having lived in one of those areas, I can honestly agree that I’d rather have my kid playing video games than riding their bike around those towns.

My parents live in a “now” pretty crappy part of northern cal, but from living there still, they don’t seem to mind or notice it even though the area is pretty ghetto now in terms of demographics and schools. What’s interesting is ALL of the kids have moved out and to other areas so this makes me think that folks who live in these areas now see one thing while new home buyers who aren’t “forced” to live there see another.

[joec]

I’d have a tough time getting off the treadmill with 2 kids (I assume still young kids?). There was another post about taking time off due to burnout earlier as well which you might want to review to get some ideas.

Anyhow, having done that myself and simply leaving my job some years back, there are a ton more risks if someone else is dependent on your income. 500k doesn’t go that far over the long term. Especially if you plan to help with college.

I don’t think SD is “all that” of a place (I probably like the bay area better for being closer to Tahoe), but bay area housing really is much more insane if you’re just trying to buy a SFH in a nice (top API area). Same goes for LA.

In regards to finding a place in SD, I’m starting to wonder if the folks who have lived here for a long time are the only ones who are actually more ok with living in the cities posted in the list above. Having lived in one of those areas, I can honestly agree that I’d rather have my kid playing video games than riding their bike around those towns.

My parents live in a “now” pretty crappy part of northern cal, but from living there still, they don’t seem to mind or notice it even though the area is pretty ghetto now in terms of demographics and schools. What’s interesting is ALL of the kids have moved out and to other areas so this makes me think that folks who live in these areas now see one thing while new home buyers who aren’t “forced” to live there see another.

[joec]

Sheldon explained the point on having to repay the loan immediately or face early withdrawal penalties and income taxes. That is the biggest risk with this option I feel.

One thing not mentioned yet is that your loan isn’t on your credit report, at least it wasn’t in my case…

In the short term, if your job is stable, this is probably one of the lower cost of accessing a large amount of funds.

There’s also the 60 day rollover option as well with IRAs.

[joec]

Sheldon explained the point on having to repay the loan immediately or face early withdrawal penalties and income taxes. That is the biggest risk with this option I feel.

One thing not mentioned yet is that your loan isn’t on your credit report, at least it wasn’t in my case…

In the short term, if your job is stable, this is probably one of the lower cost of accessing a large amount of funds.

There’s also the 60 day rollover option as well with IRAs.

[joec]

Sheldon explained the point on having to repay the loan immediately or face early withdrawal penalties and income taxes. That is the biggest risk with this option I feel.

One thing not mentioned yet is that your loan isn’t on your credit report, at least it wasn’t in my case…

In the short term, if your job is stable, this is probably one of the lower cost of accessing a large amount of funds.

There’s also the 60 day rollover option as well with IRAs.

[joec]

Sheldon explained the point on having to repay the loan immediately or face early withdrawal penalties and income taxes. That is the biggest risk with this option I feel.

One thing not mentioned yet is that your loan isn’t on your credit report, at least it wasn’t in my case…

In the short term, if your job is stable, this is probably one of the lower cost of accessing a large amount of funds.

There’s also the 60 day rollover option as well with IRAs.

[joec]

Sheldon explained the point on having to repay the loan immediately or face early withdrawal penalties and income taxes. That is the biggest risk with this option I feel.

One thing not mentioned yet is that your loan isn’t on your credit report, at least it wasn’t in my case…

In the short term, if your job is stable, this is probably one of the lower cost of accessing a large amount of funds.

There’s also the 60 day rollover option as well with IRAs.

[joec]

I’ve borrowed from my 401k before as well. I think in terms of the cost of getting money, this isn’t a bad way to do it. For a home purchase, I think you could also give yourself longer loan terms as well to stretch out your payments if you need to.

I did notice various small fees they charge, but in the grand scheme of things…for 50k, there aren’t many cheaper options to access money. Especially since you’re paying the loan interest back to your account.

If someone mentions it, in regards to double taxation, here is a write up about that as well (there isn’t any):
http://www.mymoneyblog.com/better-example-against-double-taxation-of-401k-loans.html

Guaranteed savings interest is very low now so tapping any cash earning low returns and saving $300 on PMI or whatever it costs sounds like a good idea to me.

[joec]

I’ve borrowed from my 401k before as well. I think in terms of the cost of getting money, this isn’t a bad way to do it. For a home purchase, I think you could also give yourself longer loan terms as well to stretch out your payments if you need to.

I did notice various small fees they charge, but in the grand scheme of things…for 50k, there aren’t many cheaper options to access money. Especially since you’re paying the loan interest back to your account.

If someone mentions it, in regards to double taxation, here is a write up about that as well (there isn’t any):
http://www.mymoneyblog.com/better-example-against-double-taxation-of-401k-loans.html

Guaranteed savings interest is very low now so tapping any cash earning low returns and saving $300 on PMI or whatever it costs sounds like a good idea to me.

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