Search found 1038 matches

by guitarguy
Tue Sep 01, 2015 12:18 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 27200

Re: What are Costco's best deals?

Do you know if that means that Costco will no longer accept Amex in general? Or they're just doing away with their Costco Amex? If they stop accepting Amex altogether that will suck! :annoyed From what I have read, Costco will change from Amex to a Citi Visa. When that takes effect, they will no lo...
by guitarguy
Tue Sep 01, 2015 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans and my house
Replies: 12
Views: 1228

Re: Student Loans and my house

Many Bogleheads are so reflexively financially defensive in regards to marriage I have no idea how any of you are married at all. Keep bank accounts separate, this is my money that's yours. Keeps loans separate. That's your debt I want nothing to do with it. Sign a paper saying this is my house no ...
by guitarguy
Tue Sep 01, 2015 11:18 am
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 27200

Re: What are Costco's best deals?

Gas with Amex CC which is going away at end of calendar year What exactly is going away at the end of the year? I think he means Amex. Costco is switching to Citibank for their credit cards starting in April and all of the Costco Amex cards will be closed. I'm pretty ticked about it because switchi...
by guitarguy
Mon Aug 31, 2015 12:08 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 27200

Re: What are Costco's best deals?

carolinaman wrote:Gas with Amex CC which is going away at end of calendar year


What exactly is going away at the end of the year?
by guitarguy
Fri Aug 28, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 908

Re: Emergency fund or debt?

The majority of the non-auto debt is house maintenance (paint, windows, pool issues, garage door, etc). Since, we have no emergency fund or buffer, anytime something big crops up, it goes on credit. p.s. I will never buy a 40+ year old house again. Those don't all sound like emergencies...just sayi...
by guitarguy
Mon Aug 24, 2015 11:24 am
Forum: Personal Consumer Issues
Topic: Ways to reduce basement humidity
Replies: 20
Views: 1767

Re: Ways to reduce basement humidity

I have two 70 pint dehumidifiers in my 1,800 SF basement. I set one to 55% humidity, the other to 50%. The one set to 55% only tends to come on during the hottest, most humid summer days. These drain into my sump pit, so no water to empty. Ralph This is the way to go. My basement only needs 1 dehum...
by guitarguy
Fri Aug 21, 2015 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping to sell home: Pay Mortgage or Pay Student Loans
Replies: 38
Views: 3143

Re: Prepping to sell home: Pay Mortgage or Pay Student Loans

1. Do not sell the house. You seem to like everything about it, moving is expensive, and you wouldn't save much shopping for a house that isn't much cheaper. And I wouldn't bank on real estate markets. 2. Adjust your withholding ($7k return is way high, and this is coming from someone that likes to ...
by guitarguy
Tue Aug 18, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: High Deductible Health Plan Question
Replies: 12
Views: 1273

Re: High Deductible Health Plan Question

When looking at a high deductible health plan also remember that you may have to pay the limits twice in something happens like you are in a bad accident in December and still getting significant treatments in January. Yep...this is the same case with a $3k deductible and baby due at the end of Jan...
by guitarguy
Thu Aug 13, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5603

Re: 5 Finance Myths Millennials Should Avoid

I disagree with the idea that using credit card rewards for everyday purposes is a good way to save money. The banks don't do this to be nice, they do it because they understand human behavior, and know they will make more by getting you the consumer to spend more. They offer a financial reward to ...
by guitarguy
Wed Aug 12, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5603

Re: 5 Finance Myths Millennials Should Avoid

Im curious what you found that was so bad in this article. Not much of it goes into numbers - so everything is "it depends..." I didn't find the advice terrible though. Here's what I saw: 1. It says you can have credit cards, so long as you pay off your bill every month. It's a bit wishy-...
by guitarguy
Tue Aug 11, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 740

Re: Perfect Time to Convert 401k to Roth IRA?

Re: Tax in Retirement: I'm not sure! How do you estimate this? I mean...my income will (hopefully) continue to increase over the years...and wife wants to go back to school & then work down the line when kids are grown...so it very well could be higher. Higher at retirement is not relevant. Hig...
by guitarguy
Tue Aug 11, 2015 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 740

Re: Perfect Time to Convert 401k to Roth IRA?

UPDATE: Hi all, I looked at my taxable income numbers for the last couple of years; it looks like this: 2013: $65,317 2014: $72,692 2015: will be higher due to starting new job in May 2014 - first full year in new position - irrelevant to conversion but just FYI. Maxed HSA and upp'd 401k contributio...
by guitarguy
Sun Aug 09, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

Do you have bad credit? Why aren't you getting market rates? Not sure if this is trolling or what...but I have excellent credit and the rate I'm getting is below market rate, even before I pay 1/4 of a point to shave the rate down below 3%. apologies, I was looking at your previous rates. They look...
by guitarguy
Sun Aug 09, 2015 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

Deleted: duplicate post
by guitarguy
Fri Aug 07, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Hello! Feeling lost. Finance advice for a newcomer?
Replies: 17
Views: 1728

Re: Hello! Feeling lost. Finance advice for a newcomer?

The simple answer is that you need invest in paying off your debt before you do anything else. Sorry to be blunt but I suggest you and your fiance pay most of her debt off before you get married. Note that once you get married you also marry that $300k plus of your wife's debt. And divorce won't ch...
by guitarguy
Fri Aug 07, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: General Finance Strategies for Upper Middle Class
Replies: 33
Views: 5382

Re: General Finance Strategies for Upper Middle Class

This might be uncomfortable or even painful to contemplate, but FWIW kids are one of the biggest expenses. Wonderful as they are, raising kids and sending them to college costs amazing amounts of money. I've forgotten the exact numbers, but IIRC it's something like a couple of hundred thousand doll...
by guitarguy
Fri Aug 07, 2015 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 13
Views: 2036

Re: Vanguard Admiral Shares

Not to hijack the thread, but I've always wondered about something related to this: If you switch from investor to admiral shares with a balance that's only a bit over $10k, and the fund's value happens to go back below $10k (where $10k is the minimum investment for admiral shares), how do they hand...
by guitarguy
Fri Aug 07, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What kind of receipts should be saved for HSA account?
Replies: 20
Views: 1230

Re: What kind of receipts should be saved for HSA account?

We swipe our HSA debit when we pay bills from doc offices, etc. I usually call and pay over the phone, and then save the statement/invoice/receipt/etc....whatever documentation is available...in a file folder. I would think this would be more than enough documentation for an audit. EOBs are all avai...
by guitarguy
Fri Aug 07, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: General Finance Strategies for Upper Middle Class
Replies: 33
Views: 5382

General Finance Strategies for Upper Middle Class

Another spinoff thread here...the "life insurance strategies for upper middle class" thread got me thinking... Are there any other tips/advice/strategies that could benefit us upper middle class folks that do well but are far from being as wealthy as many other Bogleheads? Sure, there is a...
by guitarguy
Thu Aug 06, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

I'm pretty confident this is a good decision! :D Agreed. Here's another gee-whiz table, with $3500 closing costs rolled in -- or not. roll in closing costs balance rate months pmt(P&I) tot paid interest savings keep current mtg $84,000 5.125% 228.3 $576.71 $131,673 $47,673 refi & roll in co...
by guitarguy
Thu Aug 06, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

clutchied wrote:Do you have bad credit? Why aren't you getting market rates?


Not sure if this is trolling or what...but I have excellent credit and the rate I'm getting is below market rate, even before I pay 1/4 of a point to shave the rate down below 3%.
by guitarguy
Thu Aug 06, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

Thanks very much for running some numbers! Our refi would be at 180 months though. And our current payment (P&I only) is $576.61. Not sure what the disconnect is there. You said the original balance was $105,900 at 5.125% and I originally calcualated that the payment for that for 360 months is ...
by guitarguy
Thu Aug 06, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

If you're paying extra on the mortgage now, you need to compare the extra payment on the principal alone, not the total payment including escrow. So if you're paying $1000 per month, we need to subtract the escrow from that. Meanwhile here's a preliminary look while I test making the columns line u...
by guitarguy
Thu Aug 06, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

We plan to stay in the house another 6-10 years The refinance costs might be lower if you used the PenFed 5/5 ARM if that is not what you were looking at. Another option to look at would be to get a home equity loan to pay off the mortgage. The cost to take out the loan should be a lot less but the...
by guitarguy
Wed Aug 05, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

Well...I've contact 2 mortgage companies...one we used for our first refi way back when, and PenFed. Both companies closing costs are $2600 or so which seemed high (!!!) to me. PenFed's rate is a pretty nice 3.0% though, much better than the other. I'd be reducing my interest rate by over 2% here. B...
by guitarguy
Wed Aug 05, 2015 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

IMO it makes sense to refinance if for exactly the same amount of money out of pocket at closing and in monthly payments, you will see a significant improvement in your net worth (in the form of reduced debt) by the time you either sell the home or have it paid off. If the savings in interest do no...
by guitarguy
Wed Aug 05, 2015 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Re: Possible to refi out of FHA loan?

On a $84k outstanding balance, you're paying annual interest of $4300. Cutting the rate down to 4% (approximately the market rate), would result in annual interest expense of about $3400, so you would save about $80 a month. A 15 year mortgage payment would be roughly $600 a month plus taxes and in...
by guitarguy
Wed Aug 05, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1060

Possible to refi out of FHA loan?

Here is our situation: Bought originally in 2008 for $106k @ 30yr-6.25% on an FHA loan with 3% down (I know :oops: but it was before I found Bogleheads!) Refi'd in 2009 for $105900 @ 30yr-5.125% with an FHA streamline refi. Since then the market has shot up pretty significantly in our area. Here is ...
by guitarguy
Wed Aug 05, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Definition of "Success", Investing or Otherwise?
Replies: 16
Views: 1623

Re: What's Your Definition of "Success", Investing or Otherwise?

Set a goal. Achieve said goal.

Simple as that for me.
by guitarguy
Wed Aug 05, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 241
Views: 54214

Re: Share your networth progression

I was going to start a new thread to share this...but here is as good a spot as any! Very excited that our portfolio just hit 6 figures last month. I know it's a small accomplishment, and it's only loosely related to this thread, but it was still pretty damn exciting for us to see the number actuall...
by guitarguy
Tue Aug 04, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 740

Re: Perfect Time to Convert 401k to Roth IRA?

What is your marginal tax rate (federal and state) in 2015? 2016? What is it expected to be in the next few years and in retirement? How much is the approx conversion amount? Are you close to the bottom of a tax bracket or close to the top, without the conversion? In general, for most people, conve...
by guitarguy
Tue Aug 04, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 740

Re: Perfect Time to Convert 401k to Roth IRA?

I'm assuming that even though she's (tentatively) not leaving the company, this change in circumstance and no longer being 401k eligible will allow for such a rollover. I am no expert but I would question that assumption. I would expect that for the first few months she would be out on FMLA (family...
by guitarguy
Tue Aug 04, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 740

Perfect Time to Convert 401k to Roth IRA?

Hello all, In January, we will be having our first baby! :D :D Wife is planning to take 3 months maternity leave (all unpaid) and then either not return to work, or (what I think she'll end up doing) return to work 1-2 days a week. Regardless, 2016 will be the lowest income year we've seen in a whil...
by guitarguy
Thu Jul 30, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1069

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due d...
by guitarguy
Thu Jul 30, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2628

Re: Which debt to work on next?

Enjoy a sweet vacation.

Then the school loan.

But that's just me. :beer
by guitarguy
Thu Jul 30, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1069

Re: Newborn Health Insurance Questions

"Would it make sense even in the slightest to switch to this higher premium plan for the year the baby is born?" It may, but you need to look at more than just the deductibles and premiums. Kids see the doctor A LOT during their first two to three years of life; so co-pay, co-insurance, a...
by guitarguy
Thu Jul 30, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1069

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due d...
by guitarguy
Thu Jul 30, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1069

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due d...
by guitarguy
Thu Jul 30, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1069

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due da...
by guitarguy
Thu Jul 30, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 79
Views: 7911

Re: Priorities

Great post. First off, glad you are OK! I agree about many on here being too "obsessed"..but what can you expect in a financial forum. Overall I appreciate the crap out of this forum...there is just so much information here. I try not to obsess about our finances. I must admit I do sort of...
by guitarguy
Thu Jul 30, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 103
Views: 8685

Re: Who are you able to share good financial news with?

Spouse. My brother, if he asks...usually not specific numbers.

Raises and such...non specific numbers...a few close friends could be added to that list. If someone gets a promotion or a raise or bonus or something good we may go out to celebrate...don't really discuss specifics though.
by guitarguy
Wed Jul 29, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 54
Views: 6492

Re: Where do you keep/park your emergency fund?

I read the wiki on using Roth as an emergency fund too, and it seems like a smart option. And then over time as we save more we could "convert" her Roth IRA, or portions of it, into our AA territory and out of our e-fund territory. Anyone else use this type of approach?? I think that eith...
by guitarguy
Wed Jul 29, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 54
Views: 6492

Re: Where do you keep/park your emergency fund?

This thread has really got me thinking... Wife and I have been comfortable with $10k in an online savings acct earning 1% for some time. Recently, with a baby on the way and socking away her paychecks, we decided to up that to $15k which is about 5 months worth of expenses for us. That's a lot of ca...
by guitarguy
Tue Jul 28, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: A couple questions Re: Term Life Insurance
Replies: 10
Views: 953

Re: A couple questions Re: Term Life Insurance

Thanks for the info. I feel the same, that we'll be in pretty good shape with a 20 year plan. We'll probably go with that. One other question: when actually buying/applying, does it cost more to go through a broker rather than, say, get rate quotes from term4sale and just call the company of our cho...
by guitarguy
Tue Jul 28, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: Easy lunch brownbag ideas
Replies: 32
Views: 3223

Re: Easy lunch brownbag ideas

Tasty lunch option for a big appetite is a "hummus boat" (a sort of Levantine layer dip, ripped off of the Lebanese lunch counter in my college town) Bottom layer: lots o' hummus (preferably super-garlicky and well-pureed, you want it to flow, not mound) Next: tabbouleh or some form of mi...
by guitarguy
Tue Jul 28, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: A couple questions Re: Term Life Insurance
Replies: 10
Views: 953

Re: A couple questions Re: Term Life Insurance

Thanks very much to all for the good informative replies. Based on using a few different calculators online, looking up my wife's and my SSA survivor benefits, potential college expenses, etc, we think that $1MM for me and $500k for her are pretty much right on the money as far as amounts go. Term A...
by guitarguy
Tue Jul 28, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: A couple questions Re: Term Life Insurance
Replies: 10
Views: 953

Re: A couple questions Re: Term Life Insurance

Go with the longer term. You can always stop paying the premium and let it lapse after 20 years if you really don't need it, but it will be much harder and more expensive to purchase additional insurance down the road if you determine you do need it. How far along is your wife? Most insurance compa...
by guitarguy
Mon Jul 27, 2015 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: A couple questions Re: Term Life Insurance
Replies: 10
Views: 953

A couple questions Re: Term Life Insurance

Hi All, Wife is pregnant with our first, and we want to shop around and lock in a term life plan. She's 29, I'm 30. Both healthy non (and never) smokers...so hoping premiums won't be too high. I'm mainly curious about 2 things: term length, and amount. I plan on investigating rates on term4sale.com ...
by guitarguy
Thu Jul 23, 2015 6:08 am
Forum: Personal Consumer Issues
Topic: Baby on the way...yay! Big ticket items, and what do you REALLY need?
Replies: 82
Views: 4919

Re: Baby on the way...yay! Big ticket items, and what do you REALLY need?

A few things: 2) I think the diaper genie is a relatively small cost. You could always just use a garbage can though. I agree. $16 on Amazon for a three-pack of refills was a marginal expense in the greater scheme of things. http://www.amazon.com/Playtex-Diaper-Genie-Refill-count/dp/B009TJ3J60/ref=...
by guitarguy
Wed Jul 22, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11194

Re: How do people afford children with a SAHS?

Yes, there are slums in Texas. Lewisville = LISD and the two houses in Frisco are the slums. Frisco is EXTREMELY expensive to live in. So yes, Revos found 10 houses that are in great school districts. All the other variable costs associated with the houses mean nothing apparently :confused I know t...

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