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Re: Best way to sign a credit card?

I don't sign it. Heck even when I buy something with my credit card and they make you sign (either the machine or the physical receipt) I don't sign. I just draw a "squiggly" line which in no way resembles my name or any other name. Never once has my credit card company called me about thi...
by Paul78
Fri Apr 18, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Best way to sign a credit card?
Replies: 72
Views: 5266

Re: Death of co-worker

Although, I don't want to know ... I think, if we knew the exact number of days we had left ... we would stop more often to smell the flowers, live life more fully and stop worrying about the little stuff. We would, also, know exactly how much we needed in our 401K. :wink: A better question would b...
by Paul78
Wed Apr 02, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Being older/younger in class -- benefits, issues?

I was one of those August children. My parents went the old route instead of the young. Academically I would have been fine either way, athletically is was a benefit to stay back (not just because it made me a year older but because my class was was not as strong so I go to play/start more on varsit...
by Paul78
Wed Apr 02, 2014 1:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 98
Views: 4861

Re: Death of co-worker

exactly why I make sure to spend some money now. My plan is to retire mid 50's but it is a possibility I do not make it that far or I have a health conditions that limits my (physically and/or mentally) in retirement. No I am not just gonna spend everything I have in the present but I do set limits....
by Paul78
Mon Mar 31, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: How did you decide how much to save?

very simple for me max out TSP (17.5k) plus a some government matching max our ira (5.5k) I am hopeful that in combination with my pension and SS will be enough in retirement. I also like to invest some in a taxable account (have 21k so far after working an equivalent of 26 months full time). But I ...
by Paul78
Sat Mar 22, 2014 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9182

Re: Should I pay off my auto loan?

Note : You want to leave a "substantial enough" amount on the loan unpaid , because if it's not enough, they might just write off the remaining amount. Having an open loan on your credit history is actually often better than having it closed, counterintuitively. Is this really necessary? ...
by Paul78
Fri Feb 21, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my auto loan?
Replies: 24
Views: 2502

Re: Should I pay off my auto loan?

denovo wrote:Do we even know what the interest rate is?


Only a couple hundred left on the loan so interest is not really relevant.
by Paul78
Mon Feb 17, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my auto loan?
Replies: 24
Views: 2502

Re: Should I pay off my auto loan?

Thought about what you thought about, except that my credit history is in much better shape, because of all the work I put into it, and no thanks to parents or co-signers. My credit history is barely 2 years old, but because of diligence, I'm on solid ground. The car loan I'm keeping open for the s...
by Paul78
Mon Feb 17, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my auto loan?
Replies: 24
Views: 2502

Re: Should I pay off my auto loan?

Your credit score can be broken down into about five things that affect it. 1. Payment history (35%) - How quickly you pay back loans. 2. Amounts Owed (30%) - How much you currently owe. 3. Length of Credit History (15%) - How long you have maintained a credit history. 4. New Credit (10%) - How rec...
by Paul78
Sat Feb 15, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my auto loan?
Replies: 24
Views: 2502

Re: Joined the "Two Comma Club" Today

"we" (ie two people) helps a bit but reaching the two comma club at 27 is still impressive.

I thought I was doing well (should reach it slightly before my 40th birthday). But 14 years from now being in the two comma club will not be as impressive (ie inflation).
by Paul78
Fri Jan 31, 2014 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4456

Should I pay off my auto loan?

I bought a car and took out an auto loan for part of it (did not really need to take out the auto loan). My rationale for taking out a loan when I could have paid straight cash is because sooner or latter I will want to take out a mortgage and at the current moment I have ZERO loan history. I make a...
by Paul78
Thu Jan 30, 2014 2:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my auto loan?
Replies: 24
Views: 2502

Re: Any reason to still write checks?

rent that is all. I am assuming all the rental companies will switch over to online at some point. My current place is check only and my previous place let you pay online but there was a 3% fee (who would possible want to pay that). and I guess I write a couple of personal checks a year as gifts or ...
by Paul78
Fri Jan 17, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any reason to still write checks?
Replies: 76
Views: 2632

Re: High Earners - What's Your Profession?

If over 100k is a "high" earner (I think that is a bit low) then I qualify.

RN made about 115k last year.

edit- I do not exactly live in New York but my area is not cheap which is a big reason why I am over 100k.
by Paul78
Sun Jan 12, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22774

Re: Official 2014 IRA is done. Sign-up

I did it for a few reasons 1. I am not that smart. Do I think the market will have a decent size drop at some point this year? YES. But I have no idea when it will happen. Plus even if I tried to time the market I still would have no idea when to enter (wait till it drops 3%, 4%, 5%, 10% ect). 2. I ...
by Paul78
Wed Jan 01, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Official 2014 IRA is done. Sign-up
Replies: 47
Views: 2727

Re: Dollar Cost Averaging -- good or evil?

evil well not really BUT if I have the money I invest it all at once so I can stop thinking about it. Plus the amount of money I am talking about is really not that much (currently 25 yo and the biggest single day investment I have made is 11k). If I was investing 400k I might space it out over at l...
by Paul78
Thu Nov 07, 2013 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging -- good or evil?
Replies: 48
Views: 2387

Re: The bank took my $50 counterfeit money and gave me nothi

that is why I deposit money in the atm machines. They "reject" the suspicious bills and give them back to you (the machine does not keep them). You can then take that suspicious bill and buy a .50 cent pack of gum at the grocery store (or where ever) to get different cash. BUT if you depos...
by Paul78
Fri Oct 18, 2013 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: The bank took my $50 counterfeit money and gave me nothing
Replies: 90
Views: 7880

Re: Fantex offers stock in Athletes

Sure the value might rise and fall during the players care BUT it is assured to go to zero (or close to it) once the player retires. Even if the player still has value after they retire (ie major athletics will still have endorsements) the stock will still greatly falls. SO basically it is a gamble ...
by Paul78
Thu Oct 17, 2013 2:40 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Stock in Pro Athletes
Replies: 20
Views: 1630

Re: How did you/your child pay for college?

40k scholarship

16k gift from my parents (4k a year)

3k loan from my parents (paid if of a couple of months after I started working)
by Paul78
Sat Oct 05, 2013 3:51 pm
 
Forum: Personal Consumer Issues
Topic: How did you/your child pay for college?
Replies: 151
Views: 8478

Re: Vanguard - Track your transfer

Yep, same thing happen to me a couple of months ago and I was also freaked out for a second.
by Paul78
Wed Sep 25, 2013 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard - Track your transfer
Replies: 22
Views: 2165

Re: End of life finances, way over my head

Honestly I would pay off ALL the debt you currently have (30k student loan and if you have anything else add that). Why? Cause when you mother does pass on I doubt there will be any money left. This will be one way for her to give you something when she is still alive. Clearly it is too late in the ...
by Paul78
Fri Sep 20, 2013 2:41 am
 
Forum: Investing - Help with Personal Investments
Topic: End of life finances, way over my head
Replies: 38
Views: 6408

Re: I spend 6.1% of my Gross income on rent

between 14%-21% Depends on the amount of OT and differentials I get. Ie 21% would be my "base" pay but that is not realistic because I work every weekend (10% bonus to base) and NOC shift (10% bonus to base). This year it is probably about 15% because I worked/am working more OT then I wou...
by Paul78
Sun Sep 15, 2013 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: I spend 6.1% of my Gross income on rent
Replies: 62
Views: 5645

Re: Don't put an entire asset class allocation in taxable?

For me it is not really an issue because my taxable account is much smaller then the others TSP = 21.5k a year Roth IRA= 5.5k a year Taxable = 5-10k a year So taxable is only 14-27% of the total and I can afford to have an entire asset class in it. BUT if my taxable account was bigger % I would dive...
by Paul78
Fri Aug 30, 2013 3:44 am
 
Forum: Investing - Theory, News & General
Topic: Don't put an entire asset class allocation in taxable?
Replies: 27
Views: 2000

Re: Grocery shopping price comparison (Costco vs BJs vs Sams

I just buy EVERYTHING at Costco.

I know it is not smart (money wise) but I like only having to make one stop for food. Plus the 3% cash back (1% AE card, 2% Costco Executive Card) cut into the extra cost a little bit.
by Paul78
Fri Aug 23, 2013 8:16 pm
 
Forum: Personal Consumer Issues
Topic: Grocery shopping price comparison (Costco vs BJs vs Sams...)
Replies: 35
Views: 4779

Re: So You're Going to Self Insure Long Term Care?

delaying my SS until 70 is part of my insure against living a long time and/or needing long term care.

the SS + my federal pension (will be around 30k a year in today's dollars) should take a decent chuck out of LTC cost. They rest would be paid for from my retirement/investing/savings accounts.
by Paul78
Sat Aug 17, 2013 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: So You're Going to Self Insure Long Term Care?
Replies: 83
Views: 5030

Re: Ready to live to 100? Here's why you should be.

F https://personal.vanguard.com/us/insights/article/retirement-long-view-082013 Argh. This is a completely misleading comparison-- these two sentences are like comparing apples and oranges. the lower life expectancy in 1930 was largely due to higher rates of infant mortality. In 1930, life expectan...
by Paul78
Mon Aug 05, 2013 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: Ready to live to 100? Here's why you should be.
Replies: 21
Views: 2034

Re: What's in your wallet? (credit cards)

1 crappy credit card- it was the card I got when I was 18 and it has 4 years more credit history they any other card I have. I basically do not use this card (rewards suck) but keep it because it has the most history (6 years credit history compared to 2 for my AE and 1 for my chase). 1 American Exp...
by Paul78
Sat Jul 27, 2013 7:45 pm
 
Forum: Personal Consumer Issues
Topic: What's in your wallet? (credit cards)
Replies: 18
Views: 12350

Re: Cutting the cord on Cable

only reason I have cable is live sports. streaming it on some illegal site on the internet is just not good enough for me. Sure this "live sports" habit cost me more then 1k a year BUT I can not give it up at this point. Literally EVERYTHING other then live sports can easily be replace wit...
by Paul78
Sat Jul 27, 2013 6:23 pm
 
Forum: Personal Consumer Issues
Topic: Cutting the cord on Cable
Replies: 95
Views: 9379

Re: Do the majority of people pay their Credit Card bill onl

positives 1. You can setup a payment date. If you really wanna keep your cash until that last possible date you can simple set up and auto payment on the due date. If you "mail" the payment you have to send it out way earlier then the actual due date. 2. It is easier. Click on button and t...
by Paul78
Fri Jul 19, 2013 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do the majority of people pay their Credit Card bill online
Replies: 117
Views: 6735

Re: Wife's Credit

I would try to get the current credit cards into joint owners if possible. This is the easiest solution. If joint owners is not possible just open some crappy credit card in her name. Charge a few purchases a month to this credit card and after a few years upgrade her card to a less "crappy&qu...
by Paul78
Fri Jul 19, 2013 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife's Credit
Replies: 15
Views: 1606

Re: How and when did you do it - to get to 1 Million

(1) Paid off debt quickly, from student loans to home mortgage; avoided other debt such as credit cards and car loans. So far I am doing that one. I had a scholarship that cover 80% of my college cost (ALL cost of college not just tuition and housing) and my parents gifted me about 15%. I paid the ...
by Paul78
Fri Jul 19, 2013 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 65
Views: 9190

Re: How and when did you do it - to get to 1 Million

2028 in December at the age of 40 or at least I hope. I am using a few assumptions 1. 5% return a year on investments 2. 3% a year inflation 3. I contribute from all my sources (tsp + tsp match + roth ira +taxable accounts) 30,000 a year (in today's $$$, ie next year the goal would be 30,900 and so ...
by Paul78
Fri Jul 19, 2013 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 65
Views: 9190

Re: how bad would it hurt to spend an extra 10k on a car (24

couple of things 1. This is NOT about impressing friends or other people. Guess what my friends also make "decent" money. If I buy a 15k car to replace my POS car they will say "cool you got a new car" and then move on. If I buy a 30k car to replace my POS car they will say "...
by Paul78
Sun Jul 14, 2013 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

Yes, you can afford the more expensive car. Most people don't save 40% of their income. How did you reach a six figure salary as a fed? Most feds don't hit the $100k point until their mid thirties, even with LA locality pay and you're too young to have gone to med or law school. It is a little bit ...
by Paul78
Sun Jul 14, 2013 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

What would it cost? Retirement is only one possible cost, how about; 1) Three or more fantastic vacations. I might be pathetic but I would prefer a better car for 8-12 year over a couple of vacations. 2) Being able to quit your job to be able to take a lower paying but more risky job. If I stay fed...
by Paul78
Fri Jul 12, 2013 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

Most of us at the age of 24 were not Bogleheads so congrats on thinking about the finances of this purchase and saving 43% of your gross. Some of your friends with the $40K+ cars probably are in debt big time with little or no savings. One possible option - how about buying a good used car right no...
by Paul78
Fri Jul 12, 2013 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

if they jumped off a bridge, would you jump too? Think for yourself. I would say investing 40%+ towards retirement compared to my friends investing 20% (at most) falls under the category of "think for yourself". Kinda pointless to save all this cash for retirement if you do not even know ...
by Paul78
Fri Jul 12, 2013 8:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

I know this one is a lame reason but I see plenty of friends who make the same or less then me driving around in 40k+ cars. Maybe you should get smarter friends? I knew posting that would backfire BUT I would be lying to myself if I said it did not make at least a little difference. Sure it might o...
by Paul78
Fri Jul 12, 2013 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: how bad would it hurt to spend an extra 10k on a car (24

It sounds like you can afford it, but you don't say what your annual income is? Saving 40% of a low income isn't as good as saving 40% of a good income. What kind of debts do you have? What is your net worth? Could that extra $10K be better used going toward student debt, or saving for a house? Or ...
by Paul78
Fri Jul 12, 2013 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

how bad would it hurt to spend an extra 10k on a car (24 yo)

I know investment wise I should buy the cheapest more reliable car out their but lets just say I buy a car that cost 30-35k instead of buying a car that cost 20k. I am a 24 year old so yes that 10-15k (plus adding up extra registration and insurance fees over an 8-12 year period) will add up over a ...
by Paul78
Fri Jul 12, 2013 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 4905

Re: PTO Emergency Fund

it depends. If your employer lets you cash out PTO when you are still working then it is fine. BUT if your employer only lets you cash out PTO when you retire/quit/get fired then I would not use it. Sure it could still cover you from job loss but it does not protect you vs any other emergency. Plus ...
by Paul78
Fri Jul 12, 2013 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: PTO Emergency Fund
Replies: 20
Views: 1106

Re: Why not pay credit card bill as soon as it arrives?

-if you spend more then your credit card max a month. There was a short period when I would spend 2-3 times my max credit card limit a month (expenses for a side business). If you spend more then your max in a month you clearly have to pay off the card multiple times (including before it is due) dur...
by Paul78
Fri Jul 12, 2013 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why not pay credit card bill as soon as it arrives?
Replies: 69
Views: 4898

Re: a different way of looking at investing for retirement

yeah just using my assumptions - I will get 70% of the SS I am "suppose" to get - my FERS retirement will stay as it currently is (ie if the gov makes changes I will be grandfathered into the old system). In retirement if I am single my pension/SS will account for 50% of my spending. The T...
by Paul78
Fri Jul 12, 2013 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: a different way of looking at investing for retirement
Replies: 27
Views: 2972

Re: 57, quit working, $700,000

yeah sorry 700k at 57 does not add up to me.

Sure I want to retire in 32 years but my goal is at least 4 mil in my retirement account (guessing that is more then 700k in today's money). Plus I also have a pension (and hopefully SS) to cover some of the burden.
by Paul78
Sat Jul 06, 2013 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 57, quit working, $700,000
Replies: 59
Views: 10291

Re: How much I need to retire.

A guy at work was saying don't include SS in my calculations for how much I need to retire with. He thinks SS will not be there. Any opinions? If I removed SS out of the equation, I am [in deep trouble --admin LadyGeek] !! :annoyed :annoyed If I ignored "guys at work" when I was younger, ...
by Paul78
Sat Jul 06, 2013 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: How much I need to retire.
Replies: 65
Views: 11031

Re: How much I need to retire.

Given my young age I save as much as possible. Currently I have saved (in retirement accounts) 41.5% of the gross income I have earned in my life. Sure since there is SS and I have a pension (nothing crazy but it is wayyy better then most people get) saving 33% of my gross (maybe even 25%) should be...
by Paul78
Sat Jul 06, 2013 12:49 pm
 
Forum: Investing - Theory, News & General
Topic: How much I need to retire.
Replies: 65
Views: 11031

Re: 22 Year Old First Time Home Purchase?

I am glad I live in an area where I do not even have to consider this question (ie buying a house at a young age). I make a decent living (around 100k a year at the age of 24) but even for a crap house I would be looking at well over 500k+. Plus adding the 1.22% property tax (ie 6100 a year for a 50...
by Paul78
Thu Jul 04, 2013 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 22 Year Old First Time Home Purchase?
Replies: 14
Views: 981

Re: How many pair of shoes?

9

1 pair of dress shoes
1 pair of Adidas I am currently wearing and 7 backups (same exact shoe).

I really do not use the dress shoes too often and having 8 pairs of my "main" shoe makes it last longer. This way I only have to shop for shoes once every 10+ years.
by Paul78
Thu Jul 04, 2013 11:28 pm
 
Forum: Personal Consumer Issues
Topic: How many pair of shoes?
Replies: 70
Views: 4504

Re: What do you wish you had learned sooner?

my would be "there is this thing called a work and you get paid for it" -I did not work at all in high school. That work out ok because I got a full ride academic scholarship (ie that was my part time job) which was work 40k+. But a part time as a jr and sr just making enough to max out a ...
by Paul78
Sun Jun 30, 2013 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: What do you wish you had learned sooner?
Replies: 104
Views: 12404

Re: Am I dumb for having a small emergency account?

This question can't be answered without knowing what your monthly expenses are. If you are reasonably frugal, $20k may be far too high. If you have a $3,000 mortgage, it's probably too small. At the moment monthly expenses are $2k. But really in the case of a true emergency I could easily cut it do...
by Paul78
Sun Jun 30, 2013 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I dumb for having a small emergency account?
Replies: 23
Views: 2815

Re: Am I dumb for having a small emergency account?

The taxable accounts and Roth can act as your emergency fund as long as you have enough in them that you would still have access to the money in even a down market. There isn't a magic right number but I would fee comfortable using a 5 to 1 ration on this My this I mean that if I have $5K in an acc...
by Paul78
Sun Jun 30, 2013 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I dumb for having a small emergency account?
Replies: 23
Views: 2815
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