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Re: Pay off student loans, or invest?

Me? I'd pay off the debt. It's a cash flow thing. I like to get rid of the stuffI have to pay each month, leaving the stuff I choose to pay each month. (What if you lost your job, for example?) Assuming he chose a reasonably liquid investment, he could pay the debt payment from the money (and extra...
by Batousai
Mon Jul 29, 2013 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Pay off student loans, or invest?
Replies: 19
Views: 1373

Re: Age 24: How should I allocate my excess cash flow?

Start at the top of your student loan debt and work your way down. If you want to pay off the 3.4% and 2.% loans is debatable, but the 5%+ is pretty clear cut. There are some small tax advantages that you probably won't be able to take advantage of for student loan debt that might make you delay pay...
by Batousai
Mon Jul 29, 2013 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Age 24: How should I allocate my excess cash flow?
Replies: 19
Views: 1512

Re: Password Security Part II

Forgive me, but passwords to online accounts are not being hacked because of weak passwords and large numbers of tries. They are hacked (most often) because of stolen credentials. That means if your password is 100 character string of letters, numbers and special characters, it is no stronger than a...
by Batousai
Mon Jul 22, 2013 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Password Security Part II
Replies: 49
Views: 3000

Re: Comcast Cable vs Verizon FIOS

It would be extremely hard to get me to give up my FIOS and go back to any other TV or internet.
by Batousai
Fri Jul 12, 2013 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Comcast Cable vs Verizon FIOS
Replies: 12
Views: 4777

Re: Should I Refinance?

Yes, you should refi. No, you should not go with any of the outfits you listed. With such a small balance, it will be hard to break even with $2,600 in closing costs. And the quoted rates don't seem competitive. Common recommendations here are to check out a handful of lenders listed as "Upfro...
by Batousai
Fri Jul 12, 2013 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance?
Replies: 24
Views: 1809

Re: Interest free loan?

I'd take it. Theory (?) question: If the loan is interest free, is your rate if return equal to inflation (assuming you just took the cash and put it under your mattress)? No. You take the loan and they hand you 15K. You put the money under your mattress. 2 years pass, you pay them 15K and you have...
by Batousai
Wed Jun 19, 2013 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Interest free loan?
Replies: 18
Views: 865

Re: Finances for newlyweds - yet another debt vs. investing

Seriously though, I agree 100%. You're either in or not, make the choice that's better for the long term for both of you. I can't say I agree with "you're in or you're not", as I personally don't see anything wrong with keeping some money separate if it makes you comfortable. Is our situa...
by Batousai
Tue Jun 11, 2013 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Finances for newlyweds - yet another debt vs. investing ?
Replies: 32
Views: 2647

Re: Finances for newlyweds - yet another debt vs. investing

The only part where I am dinged is having to make the choice to save for retirement vs getting rid of the loan. However, after reading over the suggestions here and crunching some numbers, I've decided to not contribute to a 401k and to just use my extra cash to pay down the loan before my 35th bir...
by Batousai
Tue Jun 11, 2013 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Finances for newlyweds - yet another debt vs. investing ?
Replies: 32
Views: 2647

Re: Finances for newlyweds - yet another debt vs. investing

Do you understand the idea of "his toothbrush" or "her toothbrush" in a marriage? I think there are a variety of financial arrangements couples can make and none are inherently superior or flawed. I do understand the first point (but I don't agree with the second). A pair of $3 ...
by Batousai
Mon Jun 10, 2013 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finances for newlyweds - yet another debt vs. investing ?
Replies: 32
Views: 2647

Re: I need a small safe ..

Digital data stored on HDD, thumb drives, CDs, etc is unlikely to survive a fire in a fire safe. Also, please be aware the difference between a safe and a lock box. Safes are expensive, heavy, and would actually deter a determined criminal for a reasonable length of time. Lock boxes are pretty much ...
by Batousai
Mon Jun 10, 2013 1:58 pm
 
Forum: Personal Consumer Issues
Topic: I need a small safe ..
Replies: 13
Views: 1491

Re: Lets get rid of car dealerships

I wouldn't mind getting rid of most of the crap involved in buying a car. However, negotiating and non-standard pricing is a good thing to me. As a well educated consumer, you can buy the car for a lower price than a non-educated consumer. In a lot of ways, I'm ok with paying less than the average p...
by Batousai
Mon Jun 10, 2013 1:51 pm
 
Forum: Personal Consumer Issues
Topic: Lets get rid of car dealerships
Replies: 58
Views: 4488

Re: Finances for newlyweds - yet another debt vs. investing

I really think you need to look at all this as our finances, our debt, our joint retirement. When he married you, he knew about the debt. It will help your marriage to combine finances and work together. For a while, my wife and I lived together but "separate". We are now on the same page...
by Batousai
Fri Jun 07, 2013 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finances for newlyweds - yet another debt vs. investing ?
Replies: 32
Views: 2647

Re: Squirrel Proofing a Bird Feeder

rixer wrote:There's one thing I learned in life.

You can't outsmart the squirrel.

This. There are no squirrel proof, bird feeders; only squirrel resistance, squirrel feeders.
by Batousai
Wed Jun 05, 2013 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Squirrel Proofing a Bird Feeder
Replies: 36
Views: 2827

Re: Crazy reply from employer re 401k Index funds

All these emails were sent to me by the VP of Human Resources!!!! birdy wow. I don't think I've ever heard such partisan language from a company employee (as opposed to a plan administrator or representative). Did it strike anyone else that perhaps this person may have a direct financial interest/i...
by Batousai
Wed Jun 05, 2013 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Crazy reply from employer re 401k Index funds
Replies: 66
Views: 7073

Re: Crazy reply from employer re 401k Index funds

So your VP has a vested interest (either directly or indirectly) in the company not offering low cost investments. Not really a surprise. If you are getting 401K matching (with a reasonable vestment), then you are still coming out ahead vs not having this option. It may mean your total compensation ...
by Batousai
Wed Jun 05, 2013 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Crazy reply from employer re 401k Index funds
Replies: 66
Views: 7073

Re: How much home? Home Value - net worth ratio

Living in any of the extreme cost of real estate markets is a choice, if you choose to live there, then that's part of your choice. Not all choices are wise financially. ;)
by Batousai
Fri May 24, 2013 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much home? Home Value - net worth ratio
Replies: 19
Views: 2493

Re: How much home? Home Value - net worth ratio

feh wrote:Buy the house you need, not the house you can afford.

Pretty much. I suspect most people who could afford a 400K house would be much happier with a 200K house and the extra disposable income for the difference.
by Batousai
Fri May 24, 2013 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: How much home? Home Value - net worth ratio
Replies: 19
Views: 2493

Re: California affordable care act rates for 2014 released

I find it interesting to finally see rates, even if they're not in my market.
by Batousai
Thu May 23, 2013 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: California affordable care act rates for 2014 released
Replies: 143
Views: 12385

Re: what to do with unsellable land

The lack of water should be calculated into the tax value. If it isn't, then you should be appealing the tax value, which may include getting an appraisal done. Discount it significantly enough and you'll find a buyer who will do nothing more than buy to flip at some price point.
by Batousai
Wed May 22, 2013 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: what to do with unsellable land
Replies: 32
Views: 2555

Re: how to safely sell a car

Sell it to carmax for wholesale and count difference between the opportunity cost of selling it privately and wholesale as risk mitigation and sleep well tonight knowing you used fancy financial terms. Alternatively, if you are planning on getting a new car, you can trade it in and (at least where ...
by Batousai
Wed May 22, 2013 12:57 pm
 
Forum: Personal Consumer Issues
Topic: how to safely sell a car
Replies: 30
Views: 2576

Re: can i buy my sportscar?

Thanks to all for the advice. After looking at 1 year old 911s and 2-3 year old boxsters, and feeling guilty about the money despite loving the cars, I bought a 2 year old convertible and love it. Spent high 30s, instead of 75-80k, and I am getting equal enjoyment i think. I want to thank everyone ...
by Batousai
Wed May 22, 2013 10:23 am
 
Forum: Personal Consumer Issues
Topic: can i buy my sportscar?
Replies: 129
Views: 8396

Re: how to safely sell a car

Sell it to carmax for wholesale and count difference between the opportunity cost of selling it privately and wholesale as risk mitigation and sleep well tonight knowing you used fancy financial terms. Alternatively, if you are planning on getting a new car, you can trade it in and (at least where I...
by Batousai
Wed May 22, 2013 10:21 am
 
Forum: Personal Consumer Issues
Topic: how to safely sell a car
Replies: 30
Views: 2576

Re: The Points Guy

I've noticed half the battle is in redeeming the points. You could for example, spend 50K points for a 100$ a night hotel room on one end of the spectrum. On the other end you could get a room at the Hilton on the south beach for the same 50K, a 500$ a night room. Note, that's market rate, not rack ...
by Batousai
Wed May 01, 2013 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Points Guy
Replies: 37
Views: 4057

Re: When you reach your number and keep working

The Wizard wrote:
leonard wrote:If you want to keep working, you haven't reached the number yet :happy .

Not sure I agree with this.
Numerous billionaires fall into this category...

No, there are numerous billionaires who's hobby is seeing how much money they can put in the bank, that's not the same as work.
by Batousai
Wed May 01, 2013 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: When you reach your number and keep working
Replies: 71
Views: 6970

Re: PenFed vs NFCU

Update: They aren't exactly quick, but it keeps chugging along. They have everything but the appraisal (suppose to be there by COB today, inspection was last tuesday so I believe them) and then it goes to under writing. Primary contact has been by e-mail and the guy has been fairly responsive. Hopef...
by Batousai
Tue Nov 13, 2012 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed vs NFCU
Replies: 23
Views: 2664

Re: PenFed vs NFCU

Called PenFed today, was told there was a 2 week wait to get assigned a loan officer. Can't really say I'm surprised with the rates they're giving out. Well, hopefully I'll get a loan officer next week and then I can start to bug them directly. I'd like to close this ASAP as it's costing me roughly ...
by Batousai
Mon Oct 15, 2012 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed vs NFCU
Replies: 23
Views: 2664

Re: PenFed vs NFCU

Well I went with PenFed and we'll see how it goes. Hopefully smoothly :)
by Batousai
Sat Oct 13, 2012 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: PenFed vs NFCU
Replies: 23
Views: 2664

Re: 1040-ES, 2210 and under Withholding penalties.

Yeah, it's not a cash flow problem, just a hassle of strange income for the year. It is an interesting idea though.

Also, I thought when I was reading the penalty was 4% not 3% (not that it matters).
by Batousai
Wed Oct 03, 2012 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1040-ES, 2210 and under Withholding penalties.
Replies: 12
Views: 760

Re: Texas Real Estate: Rent vs. Buy

Unless you believe you can find a property owner who is going to run a charity by renting to you (i.e. under an efficient market value), then it will probably be cheaper to own if you plan on staying in it long term. That being said, there is more to rent vs own than just cost. Renting affords you t...
by Batousai
Tue Oct 02, 2012 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Texas Real Estate: Rent vs. Buy
Replies: 23
Views: 1987

1040-ES, 2210 and under Withholding penalties.

I think I've got my head wrapped this, but I want to make sure I'm not missing something, so if any personal tax experts could chime in and make sure I went through this right. In 2011 both I and my wife worked. We planned (and did) have her leave her job in early Febuary of 2012. When she did, I re...
by Batousai
Tue Oct 02, 2012 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1040-ES, 2210 and under Withholding penalties.
Replies: 12
Views: 760

Re: PenFed vs NFCU

Know someone who recently closed with PenFed, they hammered on them continiously and got it closed in 3 weeks. I've also read a few horror stories about 7 month closing times. I'm looking for someone who would do it in less than 60 days. The no B&M thing doesn't bother me. I've literally, never ...
by Batousai
Tue Sep 25, 2012 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed vs NFCU
Replies: 23
Views: 2664

PenFed vs NFCU

So I'm in the market for a 5/5 Arm refi (Not the topic of this thread) and based on recommendations I've ended up with PenFed and NFCU as potential lendors (The topic of this thread). It looks in my case, they will both be zero cost loans, and they're offering the same interest rates. I've heard Pen...
by Batousai
Tue Sep 25, 2012 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed vs NFCU
Replies: 23
Views: 2664

Re: Father Passed Away- Need Advise for Children About Estat

I'll add another to the sell the house, split the proceeds, and let each individual child invest as they see fit. If they want to invest in real estate, they can do that without owning this house. The last thing I'd want to do while struggling through college would be a land lord.
by Batousai
Wed Aug 01, 2012 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father Passed Away- Need Advice for Children About Estate
Replies: 51
Views: 3131

Re: Bank Deposits--typical account balances for individuals?

I recall reading something a while back. I don't remember the exact numbers but it was something dreadful like 50% of america has less than 1K in the bank or something.
by Batousai
Wed Aug 01, 2012 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank Deposits--typical account balances for individuals?
Replies: 40
Views: 3745

Re: Possible upcoming layoff- reveal reason for interviewing

IMHO, I would answer that your company gave notice of upcoming layoffs and anyone who has been there less than a year is at the top of the list regardless of preformance.
by Batousai
Wed Aug 01, 2012 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible upcoming layoff- reveal reason for interviewing?
Replies: 22
Views: 2256

Re: What next?

If you are currently savings 6K/mo and expect your income to drop by 100K after a child, then you are going to be barely treading water after you have a child. Are you're expenses really on the order of 10-12K/month or am I missing something?
by Batousai
Tue Jul 31, 2012 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What next?
Replies: 33
Views: 1939

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