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Re: Refinancing Question

What percentage is your PMI? Does the amount reset annually? If so, how much did it drop this year compared to the prior year?
by Carl53
Tue Nov 25, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Question
Replies: 6
Views: 408

Re: Can't quite max out TSP contribution--what to do?

Hi everyone, I normally max out my TSP contribution every year, and being of a "certain age" also make the catch-up contribution. This year I have had some changes in my work schedule, which have resulted in being on leave from the job which feeds the TSP contribution, so I've had to play...
by Carl53
Mon Nov 24, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 760

Re: Bogleheads, anyone doing "Black Friday"

Last 2 years I ventured out in my small town to pick up 4 large packages of eveready batterys at a Rural King. $10 each with a $10 rebate. I probably will give them away this year as I still have quite a few left from prior years. Maybe they'll expand beyond AA and AAA. The other item I hope to agai...
by Carl53
Mon Nov 24, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 57
Views: 3818

Re: My grown up Christmas wish-A Warm House

We rented a home similar to yours back in the early 80s for a few years. The first year we froze to death according to my spouse, there were mornings that we had snow on the inside sill of one of our bedroom windows. We spent about $900 on fuel oil despite closing off most of the rooms. We actually ...
by Carl53
Mon Nov 24, 2014 5:35 am
 
Forum: Personal Consumer Issues
Topic: My grown up Christmas wish-A Warm House
Replies: 27
Views: 2882

Re: New to Vanguard and serious about retirement planning

A few questions. What size will your pension be? Will its level change at age 62? Are you intending to maintain your current expenditures or will they change such as an increase due to traveling? What are your SS prospects? What about your medical situation, insurance and health? If you wait until t...
by Carl53
Mon Nov 24, 2014 5:01 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Vanguard and serious about retirement planning
Replies: 9
Views: 1063

Re: Vanguard Personal Performance History: 10 Years

A correspondent suggests caution in interpreting these charts. "The history Vanguard shows is not your history and the history of all your accounts, but only the history of your current accounts. At least that is my theory based on what I observe." The longer the period of time, the great...
by Carl53
Sun Nov 23, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Performance History: 10 Years
Replies: 13
Views: 1956

Re: Saving Strategy For a Young Person?

I thought I had this figured out, but this thread http://www.bogleheads.org/forum/viewtopic.php?p=2267288 suggests, maybe not. A young person, age 23 and single, has a decent skilled-trades job paying $40,000 per year. He also has a substantial amount, say $60,000, of unused education savings in a ...
by Carl53
Sun Nov 23, 2014 5:29 am
 
Forum: Investing - Theory, News & General
Topic: Saving Strategy For a Young Person?
Replies: 17
Views: 1474

Re: Questions About 401k and AGI and Traditional vs Roth IRA

While I still have no idea where the .68 in the original equation comes from and how I need $8,461 of gross to yield $5,500, I trust you know why. What I can grasp is that I'm really only reducing my tax bill by 1,925 minus the 1,036. I'm not actually saving the full $1,925, which is what I thought...
by Carl53
Fri Nov 21, 2014 9:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Questions About 401k and AGI and Traditional vs Roth IRAs
Replies: 47
Views: 2736

Re: Buying a lasting vehicle

You can pay cash and if an emergency pops up, put it on your cc. If it is big enough that you will not be able to pay it off at the end of the month, refinance the car for a few thousand with PenFed CU or similar establishment. Seems like they often have very good deals on car refinancing as in occa...
by Carl53
Fri Nov 21, 2014 9:18 am
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4217

Re: Get up to $30 back per Amex card (Small Business Sat, 11

In my county with about 40000 people there were 59 establishments listed as eligible. I did not see any listed that were major companies. The largest noticed was a local grocery that has 3 stores across 3 counties.
by Carl53
Thu Nov 20, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Get up to $30 back per Amex card (Small Business Sat, 11/29)
Replies: 32
Views: 2253

Re: Enough compensation

I can tell you that Vanguard has increased its funds under management to $3 trillion as of this last October, up from $1.4 trillion when Mr McNabb took over. http://online.wsj.com/articles/how-vanguard-hit-3-trillion-1412539983 In 2008 the average ER was 0.20%. https://advisors.vanguard.com/iwe/pdf/...
by Carl53
Wed Nov 19, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: [Bill McNabb's] compensation
Replies: 12
Views: 2058

Re: Humidifier: How much condensation is too much?

At first the article made me wonder if I should reduce my use of a small room atomizer that I've turned on for the last few days. With it running in my basement the relative humidity has been about 43%. At night some of the windows have collected frost, but since that disappears during the day, acco...
by Carl53
Wed Nov 19, 2014 1:46 pm
 
Forum: Personal Consumer Issues
Topic: Humidifier: How much condensation is too much?
Replies: 35
Views: 2182

Re: Pension buyout offer - Accept or reject

Even if the plan goes under, you are good to go with the PBGC. For a 53 year old and a 50% J/S pension being picked up by PBGC in 2014, the pension is fully covered up to $1824.
by Carl53
Wed Nov 19, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 45
Views: 3997

Re: Get up to $30 back per Amex card (Small Business Sat, 11

I logged in to my Blue Cash Preferred and stumbled across the offer and was able to register. There was several other offers I signed up for although I might not use them ($5 back on a $5+ purchase from McDonalds, $10 back on $50 purchase from city barbecue) as well as a number of other offers. The ...
by Carl53
Wed Nov 19, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Get up to $30 back per Amex card (Small Business Sat, 11/29)
Replies: 32
Views: 2253

Re: Humidifier: How much condensation is too much?

I tried to find the original U Minnesota study/article that is mentioned in above as a source for humidity information. The best the U of M website could do was point me to a website at the University of North Dakota. That website had no information other than have a reference at the University of W...
by Carl53
Wed Nov 19, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: Humidifier: How much condensation is too much?
Replies: 35
Views: 2182

Re: How often do you go out to dinner?

I checked 1 but in reality if by 'dinner' the poster intended only evening meals eaten at a restaurant, I probably should have checked 0 as we do not often eat out in the evening. I also see that take out was not intended to be included. We at least once a month pick up takeout meals on the way to t...
by Carl53
Wed Nov 19, 2014 7:17 am
 
Forum: Personal Consumer Issues
Topic: How often do you go out to dinner?
Replies: 60
Views: 4557

Re: lock-up for 20 years [20 year CD]

Some folks buy EE bonds and hold for 20 years for less yield. It just seems like too long a period with too much inflation risk. One other aspect that I've not seen previously mentioned is FDIC insurance. If the interest compounds, you are immediately over the $250k insured limit. Some institutions ...
by Carl53
Wed Nov 19, 2014 7:00 am
 
Forum: Personal Finance (Not Investing)
Topic: lock-up for 20 years [20 year CD]
Replies: 21
Views: 2484

Practice of Vendors Rounding Up [to distribute to charities]

My local power company placed a charge I didn't recognize on my bill. It rounded up my bill to the next whole dollar. When I spoke with the power company they said they'd instituted it to provide funds that they could distribute to deserving charities. I am aware of some of the charities that they'v...
by Carl53
Mon Nov 17, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Practice of Vendors Rounding Up [to distribute to charities]
Replies: 7
Views: 709

Re: Excess Contributions to Two 401(k)s

I never had two active 401ks at once. One time I went over the limit as I too was dismayed at not contributing the limit. The company made it an after tax contribution. It became quite a hassle. I would recommend that you adjust down your company A % for December by a sufficient amount that you do n...
by Carl53
Sun Nov 16, 2014 6:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Excess Contributions to Two 401(k)s
Replies: 4
Views: 386

Re: Help Understanding My Employer's 401(k) Options

OP, you state that you have been contributing for about a year. If it was for the 1st 10 months of the year and you have no earnings through October on your 401k, and you have been contributing at 4% it appears that your salary might be on the order of $2k/month. Kudos to you if you are saving on a ...
by Carl53
Sat Nov 15, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Understanding My Employer's 401(k) Options
Replies: 11
Views: 896

Re: Consider freezing your credit

I leave blank the SS number entry on doctor/dentist information forms. If they ask, I tell them I prefer for them not to have it. I find it interesting that one of them came up with a number that they print on their forms that has a single digit different from what the actual number is. I suppose t...
by Carl53
Thu Nov 13, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 3624

Re: Consider freezing your credit

In order to confirm your identity, some sites pull information from your credit file (e.g. the Social Security site does this to set up an account). Will one need to unfreeze the credit file in order to sign on to one of these sites? Also, do doctors/dentists access the credit file when taking new ...
by Carl53
Thu Nov 13, 2014 8:36 am
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 3624

Re: Yes, another Roth conversion question!

For the next 2 years, until i get to Medicare (wife is already on it and not working) I am taking out a minimal amount from TIRA to get maximum subsidy from Obamacare. I want to keep those TIRA withdrawals low, to keep income low for those subsidies, therefore, if I did Roth conversions, would not ...
by Carl53
Thu Nov 13, 2014 7:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Yes, another Roth conversion question!
Replies: 4
Views: 521

Re: Consider freezing your credit

I froze my credit several years ago when I got tired of all the debt collectors calling. They were looking for an individual with the same first and last name as me that lived a few miles away. When you open a new line of credit you need to lift the freeze. For example, I applied for a new CC in Sep...
by Carl53
Thu Nov 13, 2014 7:40 am
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 3624

Re: Best microwave to replace kitchen stove

Can I bake bread in it? I don't have a convection oven but maybe with a microwave with convection I was curious if I could bake bread...normally about 350 degrees for 45 mins. We made cakes. Do not recall baking bread. BTW, bake times were reduced since the microwave also operated at a less than fu...
by Carl53
Wed Nov 12, 2014 7:19 pm
 
Forum: Personal Consumer Issues
Topic: Best microwave to replace kitchen stove
Replies: 26
Views: 1639

Re: Yes, another Roth conversion question!

62, married, retired. Pension begins at 65, wait til 70 for SS, will file and suspend at 66 so wife gets spousal benefit. Using Taxcaster to project my future RMD/taxes, etc, even if I converted $30,000/year for six years, starting at age 65, I would still be in the 25% marginal bracket at age 70 1...
by Carl53
Wed Nov 12, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yes, another Roth conversion question!
Replies: 4
Views: 521

Re: Assisted Living

My mother was in a wonderful assisted living apartment for a couple of years. Later on, as her dementia advanced, we had to relocate her as the former facility was not able to meet her needs.
by Carl53
Wed Nov 12, 2014 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living
Replies: 24
Views: 1962

Re: First time buyer - mortgage advise

Carl53, not sure if I understood your comment regarding not getting credit for payments as they continued to go to a previous lender. What difference does it makes if they service it or sell it to someone else to service it? Incidentally, the lender told me that they are a small bank and keep all t...
by Carl53
Wed Nov 12, 2014 5:21 am
 
Forum: Personal Finance (Not Investing)
Topic: First time buyer - mortgage advise
Replies: 15
Views: 1268

Re: Best microwave to replace kitchen stove

We lived 3 years with two young children back in the 80s in a house without a range. We had a one burner hotplate and a combination microwave/convection counter unit. I don't know if they still make such units, but it did it all from cakes to vegetables to medium size turkeys. It was made by Sharp a...
by Carl53
Wed Nov 12, 2014 5:11 am
 
Forum: Personal Consumer Issues
Topic: Best microwave to replace kitchen stove
Replies: 26
Views: 1639

Re: 51 yr old just starting over with employer 401(k)

It was asked previously about whether inservice withdrawals might be possible. This may be a major determining factor as to whether you choose to deposit 4% in the 401k, or more. At your income level you are solidly in the 25% tax bracket. So contributions to the 401k avoid 25% federal taxes as well...
by Carl53
Tue Nov 11, 2014 5:55 am
 
Forum: Investing - Help with Personal Investments
Topic: 51 yr old just starting over with employer 401(k)
Replies: 37
Views: 3377

Re: First time buyer - mortgage advise

I think I would ask if the lender intended to keep the mortgage and whether they had sold others. If it is sold, with autopayment, I could see you not getting credit for payments as they continued to go to a previous lender.
by Carl53
Tue Nov 11, 2014 5:01 am
 
Forum: Personal Finance (Not Investing)
Topic: First time buyer - mortgage advise
Replies: 15
Views: 1268

Re: First time buyer - mortgage advise

3.625% - 30 yr – bi-weekly payment - $2961.60. Over the life of the loan Interest payment of $328,261 Your biweekly payment would be $1368.16. Your "quoted" bw payment is approximately what the average amount paid per month would be by making biweekly payments. Go for it. If you make any ...
by Carl53
Mon Nov 10, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: First time buyer - mortgage advise
Replies: 15
Views: 1268

Re: question about my student loans...

Those payments ahead are why they are showing the large amounts of interest for the years past. At 2.75% and the original balance you would not have had more than a little more than $3k interest in the first year. They applied those extra payments not to the principal, but to future payments. You pr...
by Carl53
Mon Nov 10, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: question about my student loans...
Replies: 17
Views: 1590

Re: 51 yr old just starting over with employer 401(k)

Could be that all of your 401k choices are poor. BL mentions one of your funds is expensive. I looked up WEIBX and see that it too is expensive at a 1% ER. Does your employer match any of your 401k savings? If so, it can make the terrible fees a little more bearable. You do not mention marital statu...
by Carl53
Mon Nov 10, 2014 6:58 am
 
Forum: Investing - Help with Personal Investments
Topic: 51 yr old just starting over with employer 401(k)
Replies: 37
Views: 3377

Re: Questions About 401k and AGI and Traditional vs Roth IRA

Wrong. If you look at the details of the MAGI calculation, you will find that that you would need to add back your traditional IRA contribution to your AGI as part of the calculation of your MAGI. So contributing to a traditional IRA won't help your eligibility. Those crafty mccraftersons. lol. Tha...
by Carl53
Sat Nov 08, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions About 401k and AGI and Traditional vs Roth IRAs
Replies: 47
Views: 2736

Re: New car - should I pay cash or use credit?

Given your cash situation, I'd just pay cash as it would be one less thing to keep track of.
by Carl53
Sat Nov 08, 2014 5:53 am
 
Forum: Personal Finance (Not Investing)
Topic: New car - should I pay cash or use credit?
Replies: 32
Views: 4031

Re: Should we refinance?

My understand is that we're not responsible for PMI, despite only have 90% LTV, because we would be paying several thousand dollars up front or rolling it into the principal. Is this PMI already rolled into the 3-4k closing costs quoted by your lenders or additional? Keep in mind that paying PMI up...
by Carl53
Fri Nov 07, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 30
Views: 1736

Re: Should we refinance?

Hi all, I'm turning this forum once again for some advice, this time whether we should refinance. The details: --Currently have a 30-yr. fixed at 5.125% with just under 29 years left. We put down 5% and rolled the PMI into the interest rate :oops: --Current mortgage balance is $195.6k; house apprai...
by Carl53
Fri Nov 07, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 30
Views: 1736

Re: War on Debt

campos202 wrote:
technofox wrote:We also have land we could sell if necessary.


How much is the land worth ballpark? Personally, unless you have some specific use for it I would sell it to get rid of this debt.



Selling the land not only frees up cash to pay off debt, it eliminates associated taxes.
by Carl53
Fri Nov 07, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 26752

Re: War on Debt

All good advice here. As for debts balances and interest: 1. Fed student loan, about $32k 3.5% Min payment $225 2. Private about $33k 8% Min payment $270 3. Her fed loans is about $60k (honestly don't know the interest, 4% would be a good rough average estimate) 4. Her private loans about $60k (8 t...
by Carl53
Fri Nov 07, 2014 5:52 am
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 26752

Re: Mortgage decisions

Is the 40k second loan included in the 220k house loan debt? I would be inclined to minimize how much you take from the Roth. Be sure you do not take more than your prior contributions, no earnings. You may be able to borrow against your spouse's IRA, sell a vehicle or other means. However you do it...
by Carl53
Thu Nov 06, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage decisions
Replies: 16
Views: 1348

Re: Pension lump sum offer - am I thinking clearly?

I had a similar decision 15 years ago, very similar amounts and I am glad I took the annuity. I did have a survivor benefit (which I selected) though. Thanks. I do,have the option of starting the annuity now with a survivor benefit, but the monthly amount is less than half of the age 65 annuity. Th...
by Carl53
Thu Nov 06, 2014 5:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension lump sum offer - am I thinking clearly?
Replies: 32
Views: 2383

Re: Planning to Retire at 55

klbvbb wrote:Social Security for me (age 62) : $21.6K
Social Security for DW (age 66) : $10.8K


I believe that your spouse could bump up to half of your FRA if you start taking at 62.
by Carl53
Thu Nov 06, 2014 5:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning to Retire at 55
Replies: 22
Views: 3434

Re: Increased Premium Paid for Premium Gas

I usually fill it up there as I can buy Shell gas cards at a 10% discount. ??? 10% discount? tell me more... A very small local grocery chain offers 10% discount on their rather limited assortment of gift cards when bought in $50 increments. A $50 gas card costs $45. Shell cards are the only gas st...
by Carl53
Wed Nov 05, 2014 7:53 am
 
Forum: Personal Consumer Issues
Topic: Increased Premium Paid for Premium Gas
Replies: 24
Views: 1861

Re: Social Media

ny_rn wrote:Anyone use Instagram, Twitter or Facebook?



No accounts, but have looked at my spouse's FB and Instagrams.
by Carl53
Wed Nov 05, 2014 7:46 am
 
Forum: Personal Consumer Issues
Topic: Social Media
Replies: 3
Views: 352

Increased Premium Paid for Premium Gas

I just filled up my wife's Acura at the local Shell station. I looked at the online gas prices and saw that the regular price was 2.959 and premium was listed at 325.9, 5 and 15 cents higher than the cheapest prices locally. I usually fill it up there as I can buy Shell gas cards at a 10% discount. ...
by Carl53
Wed Nov 05, 2014 7:42 am
 
Forum: Personal Consumer Issues
Topic: Increased Premium Paid for Premium Gas
Replies: 24
Views: 1861

Re: Should I dabble with tax exempt bond funds?

I keep some tax exempt bond funds (shorter term funds) for likely use in the next few years. I do not use them for longer term although I'm not sure they are riskier than typical total bond funds that I hold in IRA accounts. You state that you are ineligible for a Roth. Is your wife ineligible too, ...
by Carl53
Sun Nov 02, 2014 7:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I dabble with tax exempt bond funds?
Replies: 6
Views: 780

Re: Is $700,000 enough to retire? Opinions please .

DH age 64.3 wants to retire unexpectedly from good job ,early in 2 months. Just ready, wants to do new things,work on our low profit side business. I also work and am 59.3 y/o. I think we have inadequate retirement funds to fund our yearly spending of after tax of $65000 (around $80000 taxable). Es...
by Carl53
Fri Oct 31, 2014 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 86
Views: 12495

Re: Heat pump question

Even our older system rarely kicked on the heat strips. When it got below 30 outside and the system was coming off night setback they would run for 15-20 minutes to get a boost, then the compressor would be supplying heat after that. With our new system, the compressor was still supplying heat down...
by Carl53
Thu Oct 30, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heat pump question
Replies: 50
Views: 3293

Re: Heat pump question

I'm not a HVAC engineer, but have a chemical engineering background and have had a ground source heat pump. When you are saying 'heat strips' are you talking about the resistance heat? If so, it sounds like the heat pump is not working at all. Could be low freon (leak) or the compressor might be bad...
by Carl53
Thu Oct 30, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heat pump question
Replies: 50
Views: 3293
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