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Re: Student loan overpayment. How do I calculate payoff per

Here we go again , another "student loan" question where the audience gets half-baked or no information and we are suppose to figure it out - after spinning my wheels on a couple of these in the past I decided to look at the information given and then quickly decide if it's worth my time ...
by jasc15
Tue Sep 16, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loan overpayment. How do I calculate payoff period?
Replies: 10
Views: 592

Re: Student loan overpayment. How do I calculate payoff per

These numbers are a few months out of date, but they should still serve the purpose as an example: Balance Rate Minimum Monthly Payment Loan 1- $23,494 5.90% 294 Loan 2- $12,551 5.63% 98 Loan 3- $31,507 6.80% 521 Loan 3 is actually composed of 3 or 4 different balances with different rates, but I'm ...
by jasc15
Mon Sep 15, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loan overpayment. How do I calculate payoff period?
Replies: 10
Views: 592

Student loan overpayment. How do I calculate payoff period?

My wife has been paying off her student loans aggressively for nearly 2 years now. When she called to ask how the overpayment would be applied, they responded that it would be applied to the next payment. I'm not sure how to account for this to determine how much interest will actually be paid, and ...
by jasc15
Mon Sep 15, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loan overpayment. How do I calculate payoff period?
Replies: 10
Views: 592

Re: Anyone moved from NY?

I spent my first 27 years on LI, western Nassau County, and the last 4 in New Jersey. They are mostly the same as far as I am concerned, though NJ has more walkable suburban towns, due to the fact that many of them were developed before the post WWII car-dominated suburb boom that dominates LI today...
by jasc15
Thu Sep 11, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2652

Re: A 'really good book' you did NOT enjoy

I've read "Zen and the Art of Motorcycle Maintenance" at least twice. I want to like it. But what is he talking about? Obviously the book is written on a much higher level than my average, puny mind can comprehend. Glad I searched the thread for this book. I'm reading it now, and am about...
by jasc15
Mon Sep 08, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 200
Views: 9237

Re: Do you take all of your allowed paid vacation time?

After reading this thread, I happened to come across this relevant article:

Germany mulls ban on after-hours work emails and calls.
by jasc15
Thu Aug 28, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 5700

Re: Trying to understand the 1040 Tax Table

Effective tax rate, while interesting, is useless for decision making. All decisions to recognize additional income or accelerate deductions are based on the marginal rate. There is a dichotomy in my head on this issue. On one hand, I see that reducing taxable income by one dollar, you will save ta...
by jasc15
Thu Aug 28, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2477

Re: Trying to understand the 1040 Tax Table

JohnFiscal wrote:I think I'd call that the "effective total tax rate". But I don't pay any attention to that number.

Can you elaborate? Why does your marginal rate matter, when what you pay is this "effective" rate?
by jasc15
Mon Aug 25, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2477

Re: Rain Jacket Recommendations

I have this jacket and just used it on a 10 day trip in europe where it rained for much of the time. It kept me dry while walking for hours in the rain, and on some hikes with on and off rain. I also use it to bike in the rain and for snowboarding, and I've never noticed a leak. I have had it less t...
by jasc15
Fri Aug 22, 2014 6:13 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1753

Re: How old are you?

31. I'd be interested to see the results when more people respond. I figured I was young compared to the rest of the forum members.
by jasc15
Wed Jul 30, 2014 4:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 82
Views: 7670

Re: "Why no one should use brokerage accounts" Really?

Had Frank and Sally, for example, invested their original $40,000 directly in a mutual fund with a reputable third-party custodian, they would never have faced this madness.
What distinction is he making between his hypothetical brokerage firm and a "third-party custodian"?
by jasc15
Mon Jul 28, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: "Why no one should use brokerage accounts" Really?
Replies: 10
Views: 1462

Re: Rules of thumb that shouldn't be

In your opinion, what rules of thumb are too often incorrect to be a good rule of thumb? My pet peeve is: "You should usually roll over an old 401k into an IRA" I dislike this one because it's not true for so many investors and situations: - 401ks can have much lower expense ratios than I...
by jasc15
Fri Jul 25, 2014 10:20 am
 
Forum: Investing - Theory, News & General
Topic: Rules of thumb that shouldn't be
Replies: 39
Views: 4645

Help me to help my 60 YO mother invest.

My mother has little invested in a workplace 401k (roughly 2/3 of a year's salary in one fund, but I'm not sure which), with no other investments. Due to my father's recent death, she has some money from insurance payouts roughly equal to a year's salary, all currently in a savings account. I intend...
by jasc15
Thu Jul 24, 2014 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me to help my 60 YO mother invest.
Replies: 3
Views: 465

Re: American in need of Premier team to root for

Maybe go with a team that friends, family or acquaintances are fans of. My wife's uncle is a fan of Manchester United, so if I were to pick, I suppose that would be my team, though they appear to be an easy pick since they have won 13 of the last 20 championships.
by jasc15
Mon Jul 21, 2014 10:00 am
 
Forum: Personal Consumer Issues
Topic: American in need of Premier team to root for
Replies: 21
Views: 1097

Re: Timeline for buying a house + Q about central Jersey

I am a renter in NJ, and will likely buy a house here in the next few years. I regularly look at the listings to get a feel for the price points of various towns, and I use this FEMA tool to check if the property is in a flood zone: https://msc.fema.gov/webapp/wcs/stores/servlet/FemaWelcomeView?stor...
by jasc15
Sat Jun 28, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Timeline for buying a house + Q about central Jersey
Replies: 28
Views: 2476

Re: How to Charge a Smartphone in Car

http://www.amazon.com/gp/product/B00DAGJ8PO/ref=oh_details_o01_s00_i00?ie=UTF8&psc=1 I paid less than $5 for this. It charges 2 phones at once, and I haven't had any issues where it delivers too little power. Although if you have 2 phones operating simultaneously rather than just charging, you m...
by jasc15
Tue Jun 17, 2014 2:58 pm
 
Forum: Personal Consumer Issues
Topic: How to Charge a Smartphone in Car
Replies: 12
Views: 731

Re: What Book Are You Currently Reading? Part V

Just finished Carl Sagan's Demon Haunted World, and am starting Michael Crichton's Jurassic Park.
by jasc15
Tue Jun 17, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3340
Views: 1145106

Re: What octane gas do you use to fill your car?

I think at one point the Ford Expedition manual said to use regular gas while the Cadillac Escalade said to use premium. Pretty sure they had the exact same engine at the time... It seems that every luxury car "requires" premium gas. A former coworker bought an Infiniti G35 (essentially a...
by jasc15
Mon Jun 16, 2014 4:02 pm
 
Forum: Personal Consumer Issues
Topic: What octane gas do you use to fill your car?
Replies: 77
Views: 5858

Re: What octane gas do you use to fill your car?

Why the aversion to ethanol?
by jasc15
Mon Jun 16, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: What octane gas do you use to fill your car?
Replies: 77
Views: 5858

Re: What octane gas do you use to fill your car?

I just bought a used Volvo V50. I read a lot about how it requires premium gas, but the manual "recommends" 91 octane, and can use 87 with no problem. I've been using 87 since we got it. To the Lexus owner who used 91 instead of the 87, I would attribute the increased gas mileage to the wa...
by jasc15
Mon Jun 16, 2014 9:42 am
 
Forum: Personal Consumer Issues
Topic: What octane gas do you use to fill your car?
Replies: 77
Views: 5858

Re: Engagement Ring - Diamond Help

I am an engineer by trade so I really got into this when I was buying one for my wife. Make sure you go to a real jewelry store, not a mall store. Go somwhere that the jeweler will give you a loupe and a packet of stones and let you look through them. Second this. Don't go to a mall store. A close ...
by jasc15
Fri Jun 13, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Engagement Ring - Diamond Help
Replies: 61
Views: 4403

Re: Engagement Ring - Diamond Help

I bought from an independent jeweler, but used Pricescope and Blue Nile to compare pricing. Once I saw that the jeweler's price was in line with those sites, I felt a bit more comfortable purchasing from them.
by jasc15
Fri Jun 13, 2014 9:36 am
 
Forum: Personal Consumer Issues
Topic: Engagement Ring - Diamond Help
Replies: 61
Views: 4403

Re: A $1000 lesson on how manipulative salespeople can be?

I nearly had a similar situation visiting Mexico last year. My girlfriend and I took a bus into town because we needed to buy a few things. Right at the bus stop was a woman who spoke excellent english and somehow lured us into her shop. I felt uneasy as soon as I stepped off the bus and saw her, bu...
by jasc15
Tue Jun 10, 2014 10:39 am
 
Forum: Personal Consumer Issues
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 107
Views: 17195

Re: Switzerland itinerary feedback

Just back from 2 weeks in Switzerland, on a tour devoted to Historic Pipe Organs (yeah, I know, a "niche" interest!). Visited most of the places outlined in the earlier post here, plus some fantastic rural spots. Lovely country, everything seems to work. Two bits of advice. 1: Take lots o...
by jasc15
Tue Jun 10, 2014 8:32 am
 
Forum: Personal Consumer Issues
Topic: Switzerland itinerary feedback
Replies: 17
Views: 1131

Re: Switzerland itinerary feedback

Once we have our itinerary set, I will see whether it makes sense to get the swiss pass. It also gives you discounts on the mountain trains mentioned which get you to the peaks in the lauterbrunnen valley (these are not part of the swiss federal railway, so they are not "free" with swiss p...
by jasc15
Mon Jun 09, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: Switzerland itinerary feedback
Replies: 17
Views: 1131

Re: What Book Are You Currently Reading? Part V

Could someone recommend a biography of Thomas Jefferson? One written by John Meacham is mentioned early in this thread, and I've read that R. B. Bernstein's is good in the sense that it is (or tries to be) unbiased. Are there any others that might be widely considered "definitive"? Of cour...
by jasc15
Mon Jun 09, 2014 11:08 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3340
Views: 1145106

Re: Switzerland itinerary feedback

After that, we head to Interlaken and ultimately Gimmelwald I've been to Switzerland twice... both times to that region. I was surprised that the OP's itinerary didn't cover any of this part of the country (unless I missed it). It's one of my favorite places I've even been--absolutely stunning. Yea...
by jasc15
Mon Jun 09, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Switzerland itinerary feedback
Replies: 17
Views: 1131

Re: Switzerland itinerary feedback

How timely! I am getting married in a month, and in August my wife and I will be spending 10 days in Switzerland and Italy. We are flying to Zurich, then taking the train to Lucerne where we will spend the morning/afternoon, then on to Berne for 3 days. I'm very keen on swimming in the Aare river, s...
by jasc15
Mon Jun 09, 2014 9:21 am
 
Forum: Personal Consumer Issues
Topic: Switzerland itinerary feedback
Replies: 17
Views: 1131

Re: Buying a home and cold feet!!

BE WARY OF NJ REAL ESTATE. Some factors: 1) since 2006 NJ is the state with the highest net population decrease of all 50 states. 2) NJ has the largest backlog of foreclosures in the country because of their long court processes. 3) Since 2009 NJ has not recovered the Job's lost to recession, unlik...
by jasc15
Wed Jun 04, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home and cold feet!!
Replies: 35
Views: 2270

Re: What Book Are You Currently Reading? Part V

I just finished Forever Flying by Bob Hoover. He is a mostly self-taught pilot who tested dozens aircraft for the Air Force, and was originally slated for the first Mach 1 flight of the X1, when he faced disciplinary action for some unsanctioned stunts in an Air Force jet, and was then placed as Chu...
by jasc15
Tue May 27, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3340
Views: 1145106

Re: Did not have fun this year doing my taxes- TT

Fun fact: the IRS could prepare a first draft of your taxes, which you could then check. You wouldn't have to fill in anything reported to the IRS, such as interest, dividends, wages. It would make things much simpler for most people, although obviously some have more complicated situations or woul...
by jasc15
Tue Apr 15, 2014 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did not have fun this year doing my taxes- TT
Replies: 42
Views: 4658

Re: Fluff & Fold Laundry Service (Drop-Off, Wash, Fold, Pick

A co-worker lives in downtown manhattan, and says he pays ~$1/lb. I can't imagine a place more expensive than that. Where I live, it is ~$0.80/lb, but I don't use this service.
by jasc15
Tue Apr 15, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Fluff & Fold Laundry Service (Drop-Off, Wash, Fold, Pick-up)
Replies: 2
Views: 670

Re: "Choose an AA appropriate for your personal risk toleran

Thanks to all for the input. I am 30 years old and probably about 30 years from retirement. During the 2008 downturn I had a relatively small portfolio and wasn't very knowledgeable about investing, though I didn't really care too much what happened since I was so early on in my timeframe, and I did...
by jasc15
Mon Apr 14, 2014 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: "Choose an AA appropriate for your personal risk tolerance"
Replies: 10
Views: 873

"Choose an AA appropriate for your personal risk tolerance"

This is a common idea around here, and central to the buy - hold - re-balance investment philosophy. The follow-up question is: How do I determine my personal risk tolerance? Is this just an emotional decision? How well can I stomach a loss? I'm not simply asking what my risk tolerance should be. Ra...
by jasc15
Thu Apr 10, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: "Choose an AA appropriate for your personal risk tolerance"
Replies: 10
Views: 873

Re: Help me buy a used car, please.

I had a similar situation recently. Our only car, a 2003 Toyota matrix, was rear-ended and determined a total loss. We received a similar amount as you, and bought a 2007 Volvo V50, which we both enjoy so far. We had to lay out ~$4500 for the difference, but we have a good car, no payments and are b...
by jasc15
Tue Apr 08, 2014 10:06 am
 
Forum: Personal Consumer Issues
Topic: Help me find the right used car.
Replies: 23
Views: 2238

Re: Buying for someone who "has everything"

This past Christmas, I offhandedly asked for toilet paper and paper towels when my family asked what I wanted, since my answer had repeatedly been "I don't need anything". I will probably be set on paper goods now until next Christmas.
by jasc15
Fri Apr 04, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2806

Re: Mr. Money Mustache: Hero or Foolish?

I follow him semi-regularly and his blog ultimately lead me to this forum. Frugality is something entirely different when you divorce your personal identity from the quantity and brands you consume. Once you can do this, frugality is no longer a sacrifice the way most view it, and my outlook on this...
by jasc15
Mon Mar 31, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 35006

Re: Grandmother's trust is being pillaged, as far as I can t

Thanks to all for the input. I did a quick spreadsheet using a ~60/40 initial bond/equity allocation beginning on 10/1/2008 without any rebalancing: Symbol ER (%) Present Value NAV 10/1/2008 Value 10/1/2008 NAV Description VBTLX 0.10 $64.55 $10.65 $60.00 $9.90 Vanguard Total Bond Market Index Fund A...
by jasc15
Thu Mar 20, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandmother's trust is being pillaged, as far as I can tell.
Replies: 11
Views: 2594

Grandmother's trust is being pillaged, as far as I can tell.

The proceeds from the sale of my (still living) grandmother's home several years ago were placed into a trust for which my father and aunt, my grandmother's only children, are trustees. My father is in poor health, and I suspect I will be assuming his role as trustee soon, and my aunt has zero inter...
by jasc15
Wed Mar 19, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandmother's trust is being pillaged, as far as I can tell.
Replies: 11
Views: 2594

Re: KissTrust--trust accounts for the middle class?

Before I looked up what the Kiss Trust was, I thought Gene Simmons was involved. Would not have surprised me if he was.
by jasc15
Tue Mar 18, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 30
Views: 12508

Re: What is your 2013 Federal Effective Tax Rate?

[Federal tax paid] / [Gross income] = 12%

This includes maxing 401k for 2013 and incurring some long term capital gains.

My marginal rate is 25%.
by jasc15
Thu Mar 13, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your 2013 Federal Effective Tax Rate?
Replies: 72
Views: 5079

Re: your lowest exspense ratio fund in 401

Previous megacorp plan has a .01% S&P 500 fund (0.03%) Government/Credit Bond Fund (Barclays Capital U.S. Government/Credit Bond Index) (0.01%) Equity Fund (S&P 500) (0.03%) International Equity Fund (MSCI EAFE Index) (0.10%) Emerging Markets Equity Fund (MSCI Emerging Markets® Index) Our ne...
by jasc15
Fri Mar 07, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: your lowest exspense ratio fund in 401
Replies: 31
Views: 1641

Re: The dealership wants my 2 year old car back?

The ultimate one that triggered them to go out of business with a sudden and unexpected bankruptcy was even more outlandish, claiming that customers' cars had been recalled by the factory and therefore must be traded in on new ones. jimb I've become so cynical, that I am even wary of recall notices...
by jasc15
Fri Mar 07, 2014 9:33 am
 
Forum: Personal Consumer Issues
Topic: The dealership wants my 2 year old car back?
Replies: 46
Views: 5142

Re: Question for those who switched from AT&T to Straighttal

I didn't port my number to google, and I still have a separate google voice number which I use when out of the country. I was able to set up google voice to handle my mobile number's voicemail separately from my google voice number. (confusing enough?)
by jasc15
Wed Feb 26, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Question for those who switched from AT&T to Straighttalk
Replies: 23
Views: 2133

Re: Question for those who switched from AT&T to Straighttal

As Gecko10x metioned, you should have virtually no downtime. There will be a delay from when you initiate the port until it goes through, but until that point your AT&T service will still work fine. I've been a happy Straight Talk user (formerly on AT&T) for about a year and a half now, and...
by jasc15
Wed Feb 26, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Question for those who switched from AT&T to Straighttalk
Replies: 23
Views: 2133

Re: $16 Billion for WhatsApp?!?!?!

WhatsApp with that?!? I really just don't get it. I currently use iPhone's own native app, iMessage, along with millions other users. Why would I need anything else? Or is this for "the other people" who don't drink the Apple flavored Kool-aid? Cosmo There is "Google Hangouts" f...
by jasc15
Thu Feb 20, 2014 11:30 pm
 
Forum: Investing - Theory, News & General
Topic: $16 Billion for WhatsApp?!?!?!
Replies: 51
Views: 4009

Re: $16 Billion for WhatsApp?!?!?!

After all, why pay your wireless carrier for text messaging when apps like this are cheaper, potentially more feature-rich, and can be used globally without ludicrous roaming or whatever fees? Big upside. It still amazes me that more people don't do this. Almost everyone I communicate with still do...
by jasc15
Thu Feb 20, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: $16 Billion for WhatsApp?!?!?!
Replies: 51
Views: 4009

Re: Article about 401k Fees

I saw this the other day, and I was surprised to see it in my general information news feed. Is this idea finally permeating to the general population? I never really heard much about this until reading this forum, now I'm seeing it in the "outside world". Edit: Here is the figure included...
by jasc15
Wed Feb 19, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Article about 401k Fees
Replies: 2
Views: 319

Re: POLL: Do you do you own taxes?

My situation has been pretty simple thus far in my working career. I have had only W2 income and a few 1099's. However, when I changed jobs a few years ago, I had a complicated situation where I had 3 W2's; Job 1 and living in New York, Job 2 living in NY and working in NJ, and then moving to NJ. I ...
by jasc15
Wed Feb 12, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you do your own taxes?
Replies: 54
Views: 3305

Re: Newly Married and Taxed

It was my understanding that the tax situation was more favorable to a married couple than to 2 individuals.
by jasc15
Mon Feb 10, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Newly Married and Taxed
Replies: 39
Views: 2496
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