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Re: Why not 100% Stocks?

I can agree with the last three posts. I am 0% bonds and my retirement accounts are 100% equities.
by SC Hoosier
Fri Oct 17, 2014 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20491

Re: Why not 100% Stocks?

I am 100% equities. My reasons are as follows: My wife and I are under 40 with tolerance for market ups and downs. I get excited when I see red. We have no debt including our home. So our net worth is 45% home equity. Thus, in this situation, I'm not looking to temper risk. I'm looking for more risk...
by SC Hoosier
Fri Oct 17, 2014 10:18 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20491

Re: Best solution for clouded auto headlight lens?

I just restored my headlights with this: http://smile.amazon.com/Sylvania-38771-Headlight-Restoration-Kit/dp/B00429NKWK/ref=sr_1_3?s=automotive&ie=UTF8&qid=1413058737&sr=1-3&keywords=headlamp+cleaner It worked great. The video was really helpful. It instilled some confidence. The fin...
by SC Hoosier
Fri Oct 17, 2014 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Best solution for clouded auto headlight lens?
Replies: 31
Views: 2688

Re: Cleaning Up Leaves

A little upgrade on the mulching idea. My family owned a golf course as I grew up. We mulched our leaves by taking our mowers over them often, sometimes daily. My dad made a cover for the discharge outlet on the riding mowers. This keeps the leaves under the deck longer, where the turning blades wil...
by SC Hoosier
Mon Oct 13, 2014 11:40 pm
 
Forum: Personal Consumer Issues
Topic: Cleaning Up Leaves
Replies: 40
Views: 3002

Re: Small Moneysavers Which Add Up

I buy sunglasses from the Dollar Store. This came to mind because I misplaced a pair just today. Hopefully it will turn up. If not, then I guess I'm out of a buck. I buy sunglasses by the lot on ebay. I go through a lot of them so this works best. Usually works out to $2/pair. They aren't always wh...
by SC Hoosier
Thu Oct 09, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6850

Re: Home affordability

It doesn't seem that financial advice is what the OP is looking for here. Because I can't pay cash? That was more or less your suggestion right? No. That was not my suggestion. You could get this mortgage to be a LOT smaller if you'd focus on it for a while. 4% interest on $350k is &14,000 per ...
by SC Hoosier
Tue Sep 30, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2767

Re: Home affordability

It doesn't seem that financial advice is what the OP is looking for here.
by SC Hoosier
Mon Sep 29, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2767

Re: Home affordability

1) Tough it out where we are until...when? While we love the area and our house served us well until now, I can honestly say it is not the house I (nor my wife) want to live in for another 10 years. I'm almost 40 and if we are to have any hope of having our home paid for by retirement we need to ge...
by SC Hoosier
Sat Sep 27, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2767

Re: convince me not to use traditional IRA for house downpay

This may draw some ire from my brethren, but the OP could stop contributing to the retirement accounts until his emergency fund is built back up again. Hopefully, even after resuming retirement contributions there will be significant margin in the budget with the new housepayment and associated cost...
by SC Hoosier
Fri Aug 22, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: convince me not to use traditional IRA for house downpayment
Replies: 23
Views: 2491

Re: Adult child @ home

It seems to me you and your wife have very different views on parenting. There are deeper issues than merely how best to deal with your daughter. It seems fundamentally your wife is focused on setting your daughter up to succeed by removing any financial burdens and barriers, while you are more int...
by SC Hoosier
Fri Jul 04, 2014 2:46 pm
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2184

Re: Does rental income make one eligible for Roth IRA?

bnes,

This is a question for down the road when neither of them are working. Thank you for the thought.

Hoosier
by SC Hoosier
Tue Jun 24, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does rental income make one eligible for Roth IRA?
Replies: 8
Views: 583

Re: Does rental income make one eligible for Roth IRA?

Thank you for the quick answers. I really appreciate your help. So glad to be a member of this community.

Hoosier
by SC Hoosier
Tue Jun 24, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does rental income make one eligible for Roth IRA?
Replies: 8
Views: 583

Does rental income make one eligible for Roth IRA?

I doubt it does, but I thought I ask my very intelligent friends here at Jack's Place.

My father has farm land rental income. Can he call this self employment income on his farm and contribute to a Roth IRA?

Hoosier
by SC Hoosier
Tue Jun 24, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does rental income make one eligible for Roth IRA?
Replies: 8
Views: 583

Re: does frugality result in lower career ambition?

For me, being able to live on less has taken away some of the pressure to earn more, because I make enough to do everything I really want to do. Sure more would be nice, but I like my work and wouldn't change that to earn more. Good question.
by SC Hoosier
Sun Jun 08, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 8742

Re: POLL: QB Aaron Rodgers disproves the EMH

I think the OP makes a good point. I disagree with in_reality. Rodgers played a position that not many teams needed that year, so his services were not as highly valued. I think another interesting point is if Rodgers had been drafted by a team other than the Green Bay Packers he may not have had th...
by SC Hoosier
Wed May 28, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: QB Aaron Rodgers disproves the EMH
Replies: 39
Views: 3662

Re: Should I be worried about my girlfriend's debt?

The fact that you are so concerned about this and that it definitely doesn't deter you from wanting to marry her says to me they you should definitely marry her very soon. Until then you have no right to say "we" about anything. Tie the knot, work together to scrape by until you are both w...
by SC Hoosier
Thu May 08, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4878

Re: I like the investment strategy , not really the lifestyl

Dave Ramsey suggests putting 15% of your income into retirement accounts. If you can't live content on 85% of your income, then you've got contentment issues. I focused on paying off mortgage early in life instead of investing. So now I put about 50% of my income into retirement accounts. We still h...
by SC Hoosier
Thu May 08, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: I like the investment strategy , not really the lifestyle
Replies: 67
Views: 6738

Re: Obligations to help parents financially?

Tell them you'll give them ten thousand dollars if they graduate from Financial Peace University. Borrow it from your bank if you don't have the cash. If they don't want the deal then they are admitting that they don't want to address the cause of their poor choices, just the symptoms. You have to a...
by SC Hoosier
Thu May 08, 2014 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7179

Re: Article on Amish approach to personal finance

I related to a lot of the concepts in Craker's book. I didn't realize that some of our family's habits might have come from the Amish traditions. I have Amish ancestors and my family always preached the difference between "wants" and "needs". I have trouble understanding how peop...
by SC Hoosier
Wed May 07, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Article on Amish approach to personal finance
Replies: 12
Views: 1964

Re: 24 year old looking for some wisdom

Pay off the car TODAY. With 1400 per month saved toward the house, that would be $33k in two years. When you get married you can rent, which will increase expenses, but her income should more than offset it. You may save more per month after you're married. Stop contributing to work plan and fund th...
by SC Hoosier
Tue May 06, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Delete
Replies: 6
Views: 743

Re: An easy way to save money: Avoid the $300,000 car.

Don't buy too much house and don't buy too much car, and you've got 95% of the battle won. You can waste money on a lot of little $3 and $5 and $20 purchases if you get the house and car right. I can speak to this. I have driven five year old vehicles for about 5-7 years and they perform beautifull...
by SC Hoosier
Thu May 01, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 18385

Re: I have a perfect 850 FICO score?!

I don't have a fico score, because I don't borrow money. I wait to purchase something until I can pay for it. I don't pay more for insurance because of it.
by SC Hoosier
Thu May 01, 2014 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: I have a perfect 850 FICO score?!
Replies: 27
Views: 4262

Re: Do Honda Mowers Leave an Un-cut Grass Strip?

I mostly bag my clippings & so haven't noticed it missing a strip. I'll try a test run with the mulching plug in tomorrow & report back. Thanks! That would be great. One of the comments in Consumer Reports said the the cut was velvety smooth in dense grass, but an un-cut strip is left in le...
by SC Hoosier
Sun Apr 27, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]
Replies: 51
Views: 9956

Re: Article -- Save for retirement now or be sorry later

http://www.cnbc.com/id/101582012 The above is a link to an article that contained a couple of good points. [Note: The author is Ric Edelman. I don't care for the guy, and I think he's given some terrible investment advice over the years, but even a blind squirrel finds a nut once in a while.] His m...
by SC Hoosier
Sun Apr 27, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Article -- Save for retirement now or be sorry later
Replies: 12
Views: 3780

Re: Poll: Would you EVER recommend 100% equity?

I am 100% equities. I do this because I have no debt, home is paid for, I'm 38, bonds are a raw deal right now, interest rates are low, I have a good emergency fund, and my parents are 99% farm land and residence (I stand to inherit 25% of that). Also, I think my wife's parents are 90% cash and resi...
by SC Hoosier
Sat Apr 26, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Would you EVER recommend 100% equity?
Replies: 136
Views: 27095

Re: How long to pay off your mortgage?

I love how my monthly budget looks without a mortgage. I am currently saving 45.7% of my relatively tiny income and I can pause any time the need arises. Example: Just started braces for 13 year old. I wrote a check for 14% of my income and kept on trucking.

Hoosier
by SC Hoosier
Sat Apr 26, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: How long to pay off your mortgage?
Replies: 66
Views: 15252

Re: Am I stupid if I use my Roth IRA for a home downpayment?

Your priorities will, or should, change after having a child. They will be a free form of entertainment. Who needs TV once they start talking?

I would stop Roth IRA contributions and cut the budget. Pile up cash.

Hoosier
by SC Hoosier
Sat Apr 26, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I stupid if I use my Roth IRA for a home downpayment?
Replies: 28
Views: 3363

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

Maybe pick a town you like, hang out your shingle and take the cases you want. Be your own boss. Set your hours. Make good money while you are at work. Enjoy yourself when you aren't.

Brainstorming.

Hoosier
by SC Hoosier
Thu Apr 24, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28386

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

Seems stupid. The things you mention you want to do you can do with a job and being just about anywhere. Sounds like you need to take a vacation or a brief leave to recharge. +1 There have been times in my life when things were going well and I got irritated about things that weren't really importa...
by SC Hoosier
Thu Apr 24, 2014 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28386

Re: The Power of Zero (0% tax bracket in retirement) book

Roth IRA = zero taxes in retirement. :D

Unless of course congress reneges.

Hoosier
by SC Hoosier
Wed Apr 23, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Power of Zero (0% tax bracket in retirement) book
Replies: 22
Views: 4011

Re: 15 year vs 30 year fixed

I don't think this is a difficult decision. The 10/1 is the choice. You should have the mortgage paid off in 10 years. (Or you'll be so close that the interest rate won't matter much.)

Start making money and keep expenses low.

Hoosier
by SC Hoosier
Fri Apr 18, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: 15 year vs 30 year fixed

30 year fixed (4.5%) paid over 15 years (monthly payment + $21,000 annual lump sum)- $247647 interest - $147390 tax savings = $100,257 net interest 15 year fixed (3.5%) paid over 15 years $185,838 interest - $73592 tax savings = $112,246 net interest I think you calculated the interest tax savings ...
by SC Hoosier
Thu Apr 17, 2014 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: To buy or not to buy a new house?

If it were me, I would find them another school alternative. This would buy some time to save more and take advantage of the great mortgage rate on the town home. If you have $96,000 that you are saving every year, plus the $85,000 in cash, theoretically you'd have $277,000 in two years. $373,000 in...
by SC Hoosier
Mon Apr 14, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2445

Re: The slackening...

I'm not aware of any scientific evidence that worrying, stress, suffering, trauma, or any other similar hardship has any beneficial effect on human beings. Quite the contrary. There's no reason to believe that any disappointing offspring of a wealthy person would have turned out better if they were...
by SC Hoosier
Mon Apr 14, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 8055

Re: 15 year vs 30 year fixed

Yes, all 3 of these loans are available with 10% down and no PMI Thanks again for the input - leaning towards this scenario as of now, but my mind tends to change frequently due to all the thoughtful responses :-) 10/1 ARM over paid off in 10 years before the first reset - by my calculation this co...
by SC Hoosier
Sat Apr 12, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: A story, and a feeling of financial under-accomplishment

You have a lot more free time for school now than you will with a wife and kids. I've done it both ways and I wish I'd got it all done when I was younger.

Hoosier
by SC Hoosier
Fri Apr 11, 2014 11:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 7787

Re: A story, and a feeling of financial under-accomplishment

Should I get my masters degree? I would need to take 10 classes, which I'd take 5 per year, and it'd cost about 10 grand total. How much money do you have in savings, that you can get your hands on without penalty? Some cash will put some distance between you and poverty. Then you won't need the cr...
by SC Hoosier
Fri Apr 11, 2014 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 7787

Re: A story, and a feeling of financial under-accomplishment

Should I get my masters degree? I would need to take 10 classes, which I'd take 5 per year, and it'd cost about 10 grand total. How much money do you have in savings, that you can get your hands on without penalty? Some cash will put some distance between you and poverty. Then you won't need the cr...
by SC Hoosier
Fri Apr 11, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 7787

Re: Reel Lawn Mowers

You are asking for trouble. I grew up working for my father, who was a superintendent at a golf course, so I've mowed a lot. Real mowers: 1) As the video in a link above described, stop when they get a twig caught in them. You must pull the twig out. Hassle. 2) Don't cut absolutely every blade of gr...
by SC Hoosier
Tue Apr 08, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: Reel Lawn Mowers
Replies: 19
Views: 2757

Re: 15 year vs 30 year fixed

putting 10% down (it's a physician loan) I also have the option of a 10/1 ARM available at 3.625% (max rate change at 1st adjustment = 5%). Any thoughts on where this fits in as a viable option between the 15 year fixed at 3.5% and 30 year fixed at 4.875%? Thanks again - this has been extremely hel...
by SC Hoosier
Sun Apr 06, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: Why pay off your house?

Life isn't always so robotic. It's not always summed up by financial math. Life is also full of surprises and money sent to a tax deferred account may have been better served paying off the mortgage early. The world is irrational after all. Sometimes that intangible peace of mind of no mortgage is ...
by SC Hoosier
Sun Apr 06, 2014 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 9166

Re: Why pay off your house?

Life isn't always so robotic. It's not always summed up by financial math. Life is also full of surprises and money sent to a tax deferred account may have been better served paying off the mortgage early. The world is irrational after all. Sometimes that intangible peace of mind of no mortgage is ...
by SC Hoosier
Sun Apr 06, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 9166

Re: Why pay off your house?

I always had the goal of paying off my mortgage, and finally achieved it in 2000. I lost my Silicon Valley tech job in 2001 and was only able to work part-time doing contracting work thereafter. Not having a mortgage was an incredible benefit to surviving the loss of predictable income. This wasn't...
by SC Hoosier
Sun Apr 06, 2014 9:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 9166

Re: Why pay off your house?

The bank keeps the title until you pay it off. Until then, it's theirs... No mortgage payment. Free up monthly income to invest. Lower bills. Need less emergency fund. No interest expense. I hate making money for banks! If you can't make the payment, they take it away! You don't have risk of getting...
by SC Hoosier
Sat Apr 05, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 9166

Re: 15 year vs 30 year fixed

I would ignore the bonuses until you receive them. Then kill the debt! Remember to set taxes aside if they are not taken out for you.
by SC Hoosier
Sat Apr 05, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: 15 year vs 30 year fixed

To answer your question: I ballparked your after tax income to be 22,000, monthly, plus production bonuses? It seems to me that you can handle the larger payment of the 15 year mortgage and probably still have a good bit of money left over to pay off student loans, build cash or taxable investments ...
by SC Hoosier
Sat Apr 05, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: Pay Off Mortgage? Better Advice?

You certainly have a basis for an outstanding future, but Bogleheads are going to question why you have $400k in the bank earning 1%. Are you seriously risk averse or do you need the money for some near future investment, like a business? Tipswatcher, I know all the Bogleheads would question it. Th...
by SC Hoosier
Sat Apr 05, 2014 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage? Better Advice?
Replies: 11
Views: 1350

Re: 15 year vs 30 year fixed

What would your payments be? What does your monthly cashflow look like? I'd like to see how much cushion you have every month before I answer the question.

It is a good question and I'd like to help. Thanks for asking, just need more info.

Hoosier
by SC Hoosier
Sat Apr 05, 2014 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 7674

Re: Roth IRA for 2013 - taxes already filed

steve.s wrote:Hmm, I don't think you can open any IRA for 2013 after you have filed for 2013.


Why would it matter if it was a Roth?

Hoosier


PS. I am pulling for the Badgers in the Final Four. I hope they trounce Kentucky!
by SC Hoosier
Fri Apr 04, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for 2013 - taxes already filed
Replies: 11
Views: 965

Re: Pay Off Mortgage? Better Advice?

You aren't going to find a ton of support here to pay off your mortgage because many posters don't consider risk in their number crunching. They just assume that you'll always have the high paying job, the economy will be good, market returns will be average or better.... I say pay the house off. Th...
by SC Hoosier
Thu Apr 03, 2014 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage? Better Advice?
Replies: 11
Views: 1350
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