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Re: My bank lowered my interest rate on my checking account

Check out Lake Michigan Credit Union...they pay 3% on up to $15,000 in a checking account...could open up two accounts if both spouse's wanted an account, so you could reach 3% on $30k pretty easily.

www.lmcu.org
by Ryebrook
Fri Aug 08, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: My bank lowered my interest rate on my checking account
Replies: 11
Views: 1246

Re: Rollover to 403(b), Roth or new IRA?

If I were to roll it over to the new 403(b), and in the future my wife leaves the employer, would I then lose the ability to roll it into a Roth (or backdoor Roth)? If there are no long-term implications between rolling it into the 403(b) vs into an IRA at Vanguard, I am leaning toward simply rollin...
by Ryebrook
Fri Jul 25, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to 403(b), Roth or new IRA?
Replies: 6
Views: 417

Re: Rollover to 403(b), Roth or new IRA?

Ok, so I would basically just be deciding between an IRA at Vanguard, or the 403(b) plan through the employer. Any other advantages to choosing Vanguard over the 403(b) plan or vice versa?
by Ryebrook
Thu Jul 24, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to 403(b), Roth or new IRA?
Replies: 6
Views: 417

Re: Rollover to 403(b), Roth or new IRA?

I was looking all over the plan website, but couldn't find any other fees.

The 401(k) and 403(b) are both traditional.
by Ryebrook
Thu Jul 24, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to 403(b), Roth or new IRA?
Replies: 6
Views: 417

Rollover to 403(b), Roth or new IRA?

One of my wife's employers recently switched from a 401(k) to a 403(b) plan. This is not her main employer, but she is a contract employee for this organization, and she has a pension through her main employer. She has around $40,000 in the old 401(k), which has been frozen while they changed provid...
by Ryebrook
Thu Jul 24, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to 403(b), Roth or new IRA?
Replies: 6
Views: 417

Re: New vs. Used Honda CRV

Thank you all for the substantial responses already! This board always comes through! My wife and I live in Michigan, and our area especially receives a lot of snow in the typical winter. This year, we had over 120 inches total, so we do receive significant amounts quite often. Also, this purchase w...
by Ryebrook
Wed Jun 04, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 43
Views: 2910

Re: New vs. Used Honda CRV

Buy new! Did an edmunds TCO for 3 year old used vs new and wound up costing about same. New model is bigger AND gets better mileage. RDX is 6 cylinder CRV, and it does lack acceleration off the line. If you can swing the extra, consider it since you're keeping it for the long haul. I find the CRV a...
by Ryebrook
Wed Jun 04, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 43
Views: 2910

Re: New vs. Used Honda CRV

While I feel comfortable spending $30,000, I don't necessarily feel the need to do so. Some of the luxury items in the Lexus aren't really necessary for us at this point in our lives. I do realize they also hold value very well, but the CPO 2011 CRV's range from $18,000 - $20,000, while the new rang...
by Ryebrook
Tue Jun 03, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 43
Views: 2910

Re: New vs. Used Honda CRV

We are comfortable paying up to $30,000 toward the vehicle, but we don't have a need for the EX-L version. The new EX AWD's models I have seen are in the $24,000 - $26,000 range.

I had not heard about the HR-V...will have to research that a bit.
by Ryebrook
Tue Jun 03, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 43
Views: 2910

New vs. Used Honda CRV

My wife and I both have older cars (15 years old and 13 years old), and with the recent addition of our first child to the family, would like to upgrade one of the vehicles to something newer and potentially more reliable. We currently have an SUV and a car, and are looking at replacing the SUV firs...
by Ryebrook
Tue Jun 03, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: New vs. Used Honda CRV
Replies: 43
Views: 2910

Re: Friend needs assistance with Student Loans

mnvalue wrote:I'm not sure how #2 is any less work than #3. It just costs more money.


I don't disagree!
by Ryebrook
Mon May 12, 2014 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 585

Re: Friend needs assistance with Student Loans

I think I will offer her a few levels of assistance that she can choose from. 1) finaid.org site...looks like it has all the tools one would need if she spent a little time working on it herself. 2) fee-only advisor...if she doesn't want to do the research, hire a fee only advisor to put a plan toge...
by Ryebrook
Mon May 12, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 585

Re: Friend needs assistance with Student Loans

I have no idea what the loan amounts are or through what channels she has them (federal, private, etc). I know it is a mix of different loans, however, and she just is overwhelmed with how to refinance them (if they can be refinanced), if any can be forgiven, etc. She's really just looking for advic...
by Ryebrook
Mon May 12, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 585

Friend needs assistance with Student Loans

I have a friend that recently graduated as a nurse practitioner, and is struggling to figure out how to best manage her student loans. Finance in general is overwhelming to her, and I offered to try to find her some help. I was fortunate to avoid student loan debt, so I am unfamiliar with the option...
by Ryebrook
Mon May 12, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 585

Re: Site to back-test portfolios?

Thank you!

That is EXACTLY what I was looking for. I appreciate the help!
by Ryebrook
Mon Feb 10, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: Site to back-test portfolios?
Replies: 5
Views: 285

Site to back-test portfolios?

Is there a website recommended by Bogleheads to back test mutual fund portfolios? I'm simply looking for a site that would allow me to see a hypothetical return for multiple portfolios. For example, if I wanted to see what historical returns were for a simple 3-fund portfolio made up of VTSAX, VTIAX...
by Ryebrook
Mon Feb 10, 2014 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: Site to back-test portfolios?
Replies: 5
Views: 285

Re: Car back up camera

The Gentex system is compatible with the vast majority of vehicles. You would likely need a dealer to install. It is not only available on OnStar packages. I personally prefer the camera display to be in the mirror...if you already have a navigation system in your car, however, it would make sense t...
by Ryebrook
Sat Dec 28, 2013 10:19 pm
 
Forum: Personal Consumer Issues
Topic: Car back up camera
Replies: 22
Views: 1398

Re: Car back up camera

Here is the aftermarket provider for GNTX camera displays:

http://www.mitocorp.com/
by Ryebrook
Sat Dec 28, 2013 8:54 pm
 
Forum: Personal Consumer Issues
Topic: Car back up camera
Replies: 22
Views: 1398

Re: Car back up camera

Gentex (GNTX) is the market leader in backup camera systems. They have an aftermarket division...I think they have close to 90% of the market.

http://www.gentex.com
by Ryebrook
Sat Dec 28, 2013 8:46 pm
 
Forum: Personal Consumer Issues
Topic: Car back up camera
Replies: 22
Views: 1398

Re: Slice & Dice or Keep it simple?

Thank you for the reply. I have access to two small-cap funds in my 401(k), but both are relatively high cost. Baron Small Cap Inst'l (1.05) Dreyfus Small Cap Index Fund (0.50) - the better option Should I utilize the Dreyfus small cap, Vanguard Mid-cap, and Wells Fargo Advantage Index together in m...
by Ryebrook
Thu Dec 12, 2013 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Slice & Dice or Keep it simple?
Replies: 8
Views: 848

Re: 401k help

Emergency funds: > 1 year of expenses Debt: $112,000 mortgage @ 3.625%, $12,000 student loan debt at 5% (we will pay this off in early 2014) Tax Filing Status: Married FIling Jointly Tax Rate: 25% Federal, 4.25% marginal tax rate State of Residence: MI Age: 33 (me)/32 (wife) Desired Asset allocation...
by Ryebrook
Wed Dec 11, 2013 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice & Dice or Keep it simple?
Replies: 8
Views: 848

Slice & Dice or Keep it simple?

My current 401(k) is divided between two funds, which were previously the lowest cost index funds offered in our plan. It currently sits at: 70% WFIOX (Wells Fargo Advantage Index) gross e/r 0.36 30% DBMIX (Dreyfus Bond Market Index) gross e/r 0.41 My employer is going to be offering a new fund (new...
by Ryebrook
Wed Dec 11, 2013 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice & Dice or Keep it simple?
Replies: 8
Views: 848

Re: Term Life Insurance Basics

Would it be possible to construct a ladder similar to the following? In this scenario, we would take out an $800,000 policy for each of us, and then adjust down every 10 years as our needs changed. I took the best costs on Term4Sale for each of us individually, and took their sum for the annual cost...
by Ryebrook
Thu Nov 21, 2013 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2106

Re: Term Life Insurance Basics

My thought on 25 years vs. 20 was that it would cover us through our child's college years. 20 years would only get us halfway through, but now that I have written that out, extending it to 25 years seems a little redundant.
by Ryebrook
Thu Nov 21, 2013 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2106

Re: Term Life Insurance Basics

Thanks to all of your replies, I am close to making a decision on term life insurance. I am coming here for a little reinforcement that my plan will be sufficient to meet our families needs worst-case scenario. My thought is to insure both my wife and myself on a 25-year term policy for $750,000 eac...
by Ryebrook
Thu Nov 21, 2013 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2106

Re: Term Life Insurance Basics

Thank you for the excellent advice. I had not thought about a ladder option of buying multiple policies in order to save a bit and manage the risk. Both my wife and I also have life insurance through our careers...mine is 4x annual earnings, and hers is 2x (both at no cost to us). We would take this...
by Ryebrook
Tue Nov 19, 2013 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2106

Term Life Insurance Basics

My wife and I just had our first child last month, and I have been looking into term life insurance for us both. We both have similar jobs and incomes, and feel that at this point in our lives, term life in the amount of $500,000 each would be sufficient. We would likely insure ourselves for 30 year...
by Ryebrook
Tue Nov 19, 2013 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Basics
Replies: 31
Views: 2106

Appliance Protection Plans - Are they worth it?

I just received a letter/solicitation from my local energy provider, DTE Energy. They offer a service called HPP Ultimate Protection Repair Plan, where the costs of repair/replacement of major household appliances is covered. According to the letter, covered appliances include Furnace/Central Air/Wa...
by Ryebrook
Tue Nov 19, 2013 9:35 am
 
Forum: Personal Consumer Issues
Topic: Appliance Protection Plans - Are they worth it?
Replies: 9
Views: 884

Re: Smoke detectors chirping

I would also recommend photoelectric smoke alarms over ionization alarms. They react better to slower, smoldering fires, which are the majority of fires. They also eliminate the false alarm problem caused by many types of smoke from cooking and steam from the shower. They are more expensive than the...
by Ryebrook
Fri Sep 20, 2013 10:18 pm
 
Forum: Personal Consumer Issues
Topic: Smoke detectors chirping
Replies: 27
Views: 1884

Issue w/State of Michigan - advice needed

Hello, My Mother passed away in March 2012, and as her only son, I was the beneficiary of all of her accounts. I have been able to close everything out with one exception. She was a teacher, and had a pension with the State of Michigan. I was named the Refund Beneficiary on her account. I have been ...
by Ryebrook
Thu Aug 29, 2013 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Issue w/State of Michigan - advice needed
Replies: 2
Views: 456

Re: Watch experts - I need some advice

I have been doing some more research, and found a couple of Citizen models that look like they are new additions to their line. They were not in the store today, but I am sure they could get them. Any opinions on these designs? http://www.citizenwatch.com/en-us/watches/watch-detail/?model=EO1110-53A...
by Ryebrook
Sat Aug 24, 2013 7:27 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Watch experts - I need some advice

Does she always wear white gold/platinum/silver jewelry? I prefer a watch with both white and yellow gold to blend with both major precious metal colors. Just for example of what I mean: http://www.amazon.com/Swiss-Legend-10034-SG-22-Diamond-Two-Tone/dp/B002MZYLUG/ref=sr_1_24?s=watches&ie=UTF8&...
by Ryebrook
Sat Aug 24, 2013 6:58 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Watch experts - I need some advice

Ryebrook, what a lovely gesture to mark this special time in your family for your wife. You might peruse the many options at World of Watches, where I've enjoyed great deals with good customer service and prompt delivery. Here's a link to their page for women's Citizen EcoDrive watches http://www.w...
by Ryebrook
Sat Aug 24, 2013 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Watch experts - I need some advice

The two watches are not quite the same size, are they? I would think one would fit on a wrist better than the other one depending on size of one's wrist and whether one wants a big piece of hardware on their wrist, a small piece of hardware, or a just right piece of hardware. OK, 27 mm vs 29 mm may...
by Ryebrook
Sat Aug 24, 2013 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Watch experts - I need some advice

The TAG has an ETA 7750 movement which is a really fine one and wholesales for about $500 alone. Must this be a surprise or could you let your wife (without knowing the prices) decide? There is a saying in the watch world that the best watch for you is the one you want. If you want to surprise her,...
by Ryebrook
Sat Aug 24, 2013 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Watch experts - I need some advice

I'm decided on a watch - it is something she has mentioned wanting in the past.
by Ryebrook
Sat Aug 24, 2013 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Watch experts - I need some advice

I have decided to purchase a watch for my wife to commemorate our first born child (due in October). I went to the local jewelry store today to get an idea of what some of the options would be, and came away with a few questions that I am hoping some unbiased watch aficionados on this board could he...
by Ryebrook
Sat Aug 24, 2013 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Watch experts - I need some advice
Replies: 22
Views: 1140

Re: Life Insurance questions

Thanks for the advice Ole Meph. The point about how long she will be with her employer is a good one. As I mentioned, we are going to have our first child soon, so her future career path may be a bit uncertain. Knock on wood, both of us are healthy at this point, so hopefully we would qualify for th...
by Ryebrook
Fri Aug 09, 2013 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance questions
Replies: 4
Views: 266

Re: Life Insurance questions

Thanks - it looks like a 20 year term guaranteed is running around $104 on that website. Given the similar pricing, is it really worth it to us to buy a policy through work, and then another policy on our own? I would assume there are some discounts on the higher policies?
by Ryebrook
Fri Aug 09, 2013 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance questions
Replies: 4
Views: 266

Life Insurance questions

As a follow-up to the post I just made regarding my wife's 403(b), we also have the opportunity to buy voluntary life insurance through her employer. I was always under the impression that it is better to buy this on our own, outside of the free insurance offered by our employers (in my case 4x sala...
by Ryebrook
Fri Aug 09, 2013 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance questions
Replies: 4
Views: 266

Re: Help w/new 403(b) investment options

Thank you for the replies. Is the consensus that I should market weight the stock portion of these investments? As for the additional fees, I looked up the Vanguard Institutional Fund as an example. Below are the fees listed: Gross Prosp Exp Ratio 0.04% of fund assets Net Prosp Exp Ratio 0.04% of fu...
by Ryebrook
Fri Aug 09, 2013 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/new 403(b) investment options
Replies: 4
Views: 265

Help w/new 403(b) investment options

Hello, My wife works part-time as a resource employee (in addition to her FT career). Recently, she was given the opportunity to participate in the 403(b) plan for her part-time employer. She has a pension through her main employer, and we also contribute to my 401(k), as well as Roth IRA's for each...
by Ryebrook
Fri Aug 09, 2013 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Help w/new 403(b) investment options
Replies: 4
Views: 265

Re: My wife and I have inherited two variable annuities...

Thank you all for the responses! @Synergy: I have not yet explored cashing it out but I'm assuming we would be hit left, right and center with taxes. Then again, distributions have already begun so it might not even be able to be cashed out. My mother-in-law was 78. I would like to move it into a m...
by Ryebrook
Fri Jul 26, 2013 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 4233

Re: My wife and I have inherited two variable annuities...

I don't know if this is an option to you at this point or not, but I was in a similar situation last year with a couple of inherited John Hancock annuities from my deceased Mother. I was able to convert them to an Inherited IRA at Vanguard, avoiding any taxable events. I now make annual distribution...
by Ryebrook
Fri Jul 26, 2013 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: My wife and I have inherited two variable annuities...
Replies: 58
Views: 4233

Re: Horse Racing

Those are neat contests to try and get people involved in ownership. There are also groups you can join for fractional ownership to keep the costs down. To me, the enjoyment of going to the barn to visit, meeting and getting to know the people in the business, and the excitement of the races trumps ...
by Ryebrook
Fri Jun 21, 2013 9:10 am
 
Forum: Personal Consumer Issues
Topic: Horse Racing
Replies: 5
Views: 474

Horse Racing

Anyone here involved in horse racing? Owning horses is obviously not a business in which one should expect to make a profit, but I find it very enjoyable regardless.
by Ryebrook
Fri Jun 21, 2013 8:39 am
 
Forum: Personal Consumer Issues
Topic: Horse Racing
Replies: 5
Views: 474

Re: Mortgage Refinance Question

The point on closing costs is not necessarily true. Be careful when comparing quotes, as usually if the lender promises no closing costs, they are bundled in the loan or you have a higher interest rate.
by Ryebrook
Tue Apr 23, 2013 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance Question
Replies: 13
Views: 945

Re: Refinancing - opinions needed

Thanks all for the assistance. We are dealing with a mortgage broker now, and he assured us that our actual closing costs are around $2200. The rest is credited to us, and not included in the loan or APR.
by Ryebrook
Tue Apr 16, 2013 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing - opinions needed
Replies: 8
Views: 503

Re: Refinancing - opinions needed

Depends on personal factors like credit score, locale/state etc to know for sure. I did take a look on Amerisave and plugged in your last appraised value of home and the size of loan you are seeking. Assuming excellent credit, I got an estimate of 3.125% rate, 3.574% (APR) w $4,800 total closing co...
by Ryebrook
Tue Apr 16, 2013 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing - opinions needed
Replies: 8
Views: 503

Refinancing - opinions needed

My wife and I bought our home in 2009 for $141,000, and are in the process of refinancing for the first time. We currently have a 30-year fixed mortgage at 5.5%. Current loan balance is $124,000. We just received a GFE for a 30-year fixed at 3.625%, with total estimated settlement charges of $4,663....
by Ryebrook
Tue Apr 16, 2013 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing - opinions needed
Replies: 8
Views: 503
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