Search found 1041 matches

by Jags4186
Thu Jul 27, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 179
Views: 17057

Re: How Much in Your Emergency Fund And Is It Used?

$0 I have credit cards, CDs, bonds, and equities I can all use in the case of an emergency. Two years ago I had an emergency and needed $160,000 so keeping a few months living expenses in a savings account wouldn't have helped anyway. I would hope any $160,000 emergency I could be involved in would...
by Jags4186
Wed Jul 26, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 92
Views: 4508

Re: Post Nuptial agreement guaranteeing alimony?

To calm everyone's worries - declining another job brought this thought up. The offer was at a competing company for a competing position and we felt it was in our best interest for me to decline after my husband's company made it clear that they disapproved of the conflict. His next promotion coul...
by Jags4186
Wed Jul 26, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 92
Views: 4508

Re: Post Nuptial agreement guaranteeing alimony?

Can’t speak with regards to an agreement but I would never sign something like this. Is this something you’ve spoken to your SO about? It seems to me you want best of both worlds—more potential money together if the marriage works and more money separately if the marriage fails. Lots of couples have...
by Jags4186
Mon Jul 24, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: Apple or AT&T
Replies: 16
Views: 1475

Re: Apple or AT&T

I would say buy from whichever gives you the cheapest overall cost. All things equal, I would recommend buying from AT&T, or really any retail store other than Apple direct. Simple reason is if you have an issue with the phone you have more options on how to remedy. Apple has the best customer s...
by Jags4186
Mon Jul 24, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: After market extended warranty new vehicle - worth it?
Replies: 14
Views: 849

Re: After market extended warranty new vehicle - worth it?

I use Geico's MBI--Mechanical Breakdown Insurance. You have to add it to your car before it has 15,000 miles and it's good until the car has 100,000 miles. It costs about $7/mo on your insurance premium and has a $250 deductible. What is good about this is you take the car anywhere you want--dealer-...
by Jags4186
Sat Jul 22, 2017 7:31 am
Forum: Personal Consumer Issues
Topic: Career Advice
Replies: 19
Views: 1516

Re: Career Advice

I think you need to decide if more money will get you something beyond more digits in the bank. For example maybe you want a bigger/nicer house or if you always dreamed of a vacation home or you want a Porsche 911 Turbo--something along those lines. I would just caution if you decide to take the tea...
by Jags4186
Fri Jul 21, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6454

Re: 4% mortgage rate vs 2.5% BND yield

You could buy a bond portfolio which would pay as much every year as your mortgage payment, which would be a mixture of short-term and longer-term bonds. If that bond portfolio costs less than $100K (that is, the after-tax rate on your mortgage is lower than the after-tax rate on a bond portfolio o...
by Jags4186
Fri Jul 21, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6454

Re: 4% mortgage rate vs 2.5% BND yield

As long as you can pay the mortgage payment out of earned income it makes sense to hold a low interest mortgage. You're not relying on short term investment results to make the payment. If any relatively young person with a 30+ year investment horizon really believes their investment portfolio is go...
by Jags4186
Fri Jul 21, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 2274

Re: simplicity vs chasing bonuses

OP, I do lots and lots of bonuses as well. Unlike you I get a thrill from doing it. I keep spreadsheets of everything and genuinely enjoy "getting over on the man" and I love the hunt for the next bonus. If you do not get this thrill then you should focus on another hobby which does. Hopef...
by Jags4186
Fri Jul 21, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: car lease buyout at term end - how negotiable?
Replies: 25
Views: 1901

Re: car lease buyout at term end - how negotiable?

I am nearing the end of a 3 year lease on a car that is in near perfect shape, with 5K miles. I love the car and probably will look to buy it at the end of the lease. My original lease contract has a residual value, which I assume is the buyout amount at the end of the term. Having not done this be...
by Jags4186
Fri Jul 21, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Hotel Credit Card
Replies: 15
Views: 842

Re: Hotel Credit Card

For 3 or 4 nights annually wanting upgraded rooms I think your wasting your money on an annual fee for a hotel card.

I'd stick to a cash back card and book through hotels.com. Every 10 nights you stay you get credit equal to the average cost of those 10 stays.
by Jags4186
Thu Jul 20, 2017 5:42 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1755

Re: SAT scores - whats the point??

Rupert wrote:I didn't make that comment; a poster called "neveragain" did. And you said "the ACT was never talked about and was one of those things midwesterners took for some reason." That's no longer true.


Sorry!
by Jags4186
Thu Jul 20, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6454

Re: 4% mortgage rate vs 2.5% BND yield

Because the question isn't mortgage vs total bond fund, the question is mortgage vs overall portfolio return. Why is that so? Let's for argument's sake assume that the expected return of stocks is 8% (that's probably on the high side) and the expected return of cash in a cookie jar is 0% (hard to a...
by Jags4186
Thu Jul 20, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3612

Re: Investing well for Retirement can be frustrating

One day you will walk in to work, maybe you'll be 55, maybe 63... Then you'll leave and that will be that. You'll keep in touch with some of them, or they'll see pictures of you on Facebook. But you'll be done and they'll all wonder while they drive to work in their leased Merecedes Benz E-Class &q...
by Jags4186
Thu Jul 20, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1755

Re: SAT scores - whats the point??

Some colleges accept only ACT scores. I don't know why. I'd be shocked if any top tier or even middle tier university did not accept the SAT but accepted the ACT. Unless things have drastically changed since I applied to college the ACT was never talked about and was one of those things midwesterne...
by Jags4186
Thu Jul 20, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1755

Re: SAT scores - whats the point??

High schools are not the same. Getting an "A" from an also ran level high school might get the same student at a top school a C+. SATs level the playing field so differences in high school grading get leveled. More rigorous colleges will require higher SAT scores partly because they don't...
by Jags4186
Thu Jul 20, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3612

Re: Investing well for Retirement can be frustrating

OP, like many have said, it all comes down to retiring early--or heck even "on time". One day you will walk in to work, maybe you'll be 55, maybe 63, but you'll say "hey yea I'm going to be done at the end of the month/quarter/year/project/whatever". People will start to say thin...
by Jags4186
Thu Jul 20, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: American Express "Plan It" feature?
Replies: 1
Views: 278

Re: American Express "Plan It" feature?

While not something I would use, the benefit of this program, as far as I can tell, is that you separate the "Plan It" purchases from your regular statement. New charges would not accrue interest from day one as long as that section of your bill remained paid in full. This is there way of ...
by Jags4186
Thu Jul 20, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1755

Re: SAT scores - whats the point??

Some colleges accept only ACT scores. I don't know why. I'd be shocked if any top tier or even middle tier university did not accept the SAT but accepted the ACT. Unless things have drastically changed since I applied to college the ACT was never talked about and was one of those things midwesterne...
by Jags4186
Wed Jul 19, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4869

Re: Those Of You In a HCOLA - What's Your Financial Plan

How does one know if they live in a HCOL area? For example, our house costs $2500 a month, and will still be $1000+ when mortgage is paid off next year. (2000 sq ft) There are $1,000,000 houses everywhere. Your payment doesn't mean anything. Ha Ha! As if! Try this http://www.relocationessentials.co...
by Jags4186
Wed Jul 19, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4869

Re: Those Of You In a HCOLA - What's Your Financial Plan

annielouise wrote:How does one know if they live in a HCOL area? For example, our house costs $2500 a month, and will still be $1000+ when mortgage is paid off next year. (2000 sq ft)


There are $1,000,000 houses everywhere. Your payment doesn't mean anything.
by Jags4186
Wed Jul 19, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3314

Re: Is Amex Platinum worth the high fees?

One is allowed to redeem the points immediately upon hitting the required min spend to get the 60k MR points for $750 cash? Just for having a Schwab brokerage acct (regardless of the amount in it)? Yes. And if you have MR from other cards those points can also be redeemed for $0.0125 each. My aunt ...
by Jags4186
Wed Jul 19, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3314

Re: Is Amex Platinum worth the high fees?

I just heard on the radio the other day that only 10% of people use their air miles. Can't imagine payng for a credit card. No matter what they offer. And of those 10% maybe 10% use the points effectively. I can assure you I've made out significantly better than anyone using a 2% cashback card.
by Jags4186
Wed Jul 19, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3314

Re: Is Amex Platinum worth the high fees?

Great idea! I recently received an offer for the 100K miles for the business platinum. How do I redeem that offer for the Charles version? You would need to open the Schwab Platinum and the Business Platinum. There is no Schwab business platinum. Just check the spending requirement on the business ...
by Jags4186
Wed Jul 19, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4869

Re: Those Of You In a HCOLA - What's Your Financial Plan

OP, The reality is many people with lots of savings (surprise!) don't spend that much money. Most people with lots of fancy toys or big houses etc. etc. simply spend most of their money. Are there people who make big bucks and are young? Of course but it's a lot less than what you see represented on...
by Jags4186
Wed Jul 19, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3314

Re: Is Amex Platinum worth the high fees?

If you want to try out the AMEX Platinum head over the Charles Schwab and open the Charles Schwab branded AMEX Platinum. You will also need to open a Schwab brokerage/checking account but those have no fees and $0 minimum balance (also the best checking account on the market IMO--all ATM fees reimbu...
by Jags4186
Tue Jul 18, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Roadside assistance: insurance vs. Visa CC
Replies: 8
Views: 729

Re: Roadside assistance: insurance vs. Visa CC

Chase Sapphire Reserve covers 4 roadside assistance calls a year. Being able to cancel AAA has tipped the scale to make me renew this card. Amex Premier Rewards Gold and Amex Platinum have a similar deal. Any annual fees? Of course Chase card is $450 AF but you get $300 travel credit which is good ...
by Jags4186
Tue Jul 18, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Roadside assistance: insurance vs. Visa CC
Replies: 8
Views: 729

Re: Roadside assistance: insurance vs. Visa CC

Chase Sapphire Reserve covers 4 roadside assistance calls a year. Being able to cancel AAA has tipped the scale to make me renew this card.

Amex Premier Rewards Gold and Amex Platinum have a similar deal.
by Jags4186
Tue Jul 18, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Company Car Questions
Replies: 3
Views: 469

Re: Company Car Questions

Ask if they will reimburse you mileage at the fed rate instead. I get $0.535/mile from my employer and it's great! I do mostly highway driving and I get 30 city/45ish MPG highway with my Honda Civic. If I drive 10,000/yr for work that puts gets me $5350/yr. That's enough to cover gas, maintenance, a...
by Jags4186
Mon Jul 17, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you guys accept first Job offer or negotiate?
Replies: 26
Views: 1811

Re: Do you guys accept first Job offer or negotiate?

Just ask. Worst they do is say no. Very rarely would a company pull an offer for asking for more and you wouldn't want to work for a company that does.
by Jags4186
Mon Jul 17, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Is that one of the longest bull market?
Replies: 10
Views: 1219

Re: Is that one of the longest bull market?

I'm waiting for the bear to come so I can possibly buy a house. No way am I buying right now. Insane out there. Where have you been looking? We have been looking in New Jersey and it's totally insane. We placed our first ever offer and were blown out of the water by about $40k. We visited friends o...
by Jags4186
Mon Jul 17, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2207

Re: 18 year old first credit card recommendations

I would definitely go with Discover It card for students or if for some reason she can't get that the secured Discover It card. They don't charge any fees. After a year she can get a Visa or Mastercard from a prime bank with no fees.
by Jags4186
Sun Jul 16, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6454

Re: 4% mortgage rate vs 2.5% BND yield

I also would like to add that I hope when everyone figures out what their tax savings are from carrying a mortgage they are subtracting out the loss of standard deduction. For example, if you are a married couple in the 25% tax bracket and have $10,000 in mortgage interest, $5000 in property taxes, ...
by Jags4186
Sun Jul 16, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6454

Re: 4% mortgage rate vs 2.5% BND yield

Because the question isn't mortgage vs total bond fund, the question is mortgage vs overall portfolio return.

If your overall portfolio is expected to return less than a tax adjusted 4% then yes, it would make sense to pay down your mortgage.
by Jags4186
Sun Jul 16, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 331949

Re: What's Your Credit Card Rewards Strategy?

I was considering dropping the Sapphire Reserve but after thinking about it I decided it was a keeper for a $150 net annual fee ($300 reimbursement is no sweat to get and is as good as cash for me). For $150 I get: 4 free roadside assistance calls a year (I dropped AAA, saved $100/yr) 2.25% cash ba...
by Jags4186
Sat Jul 15, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 331949

Re: What's Your Credit Card Rewards Strategy?

Your math assumes the 1.5 cent per point benefit of the CSR. Not sure about you, but I've found that with hotel booking I rarely get that. Prices on the UR portal tend to be higher than I can get directly through the hotel, sometimes using aaa. Not to mention, I'm finding more and more that the roo...
by Jags4186
Sat Jul 15, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 331949

Re: What's Your Credit Card Rewards Strategy?

United is nice, particularly if you will use it this year. You'll get the 50K miles, priority boarding, free bag for each of you, and 2 United club passes (good for a meal and a place to hang out on long stopover). Add an authorized user for 5K points, and also you can transfer ultimate rewards her...
by Jags4186
Sat Jul 15, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Can American Funds be worth the load?
Replies: 15
Views: 1484

Re: Can American Funds be worth the load?

If they continue to outperform, they're worth the load. If they don't outperform, they aren't worth the load.

Easy, right?
by Jags4186
Sat Jul 15, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is a typical (ballpark) AA for age 65?
Replies: 25
Views: 1987

Re: What is a typical (ballpark) AA for age 65?

I would think it has to do with how large your portfolio is, how much guaranteed income you have, and what your expenses are. For example if between you and your spouse you are receiving $40k in annual social security benefits, you have a $2 million portfolio, and want $100k/yr to spend, I think it'...
by Jags4186
Fri Jul 14, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4718

Re: When to max out 401k (Aspiring Early Retiree)

OP, I ran the numbers assuming a NJ residency, $76,000 gross, filing single 1 for both state and federal, maxing 401k, and having $2000/yr in health insurance premiums. Your take home pay would be $40,240. You'd probably get another $500-$1000 back at tax time as well. So lets say your total take ho...
by Jags4186
Fri Jul 14, 2017 7:13 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4718

Re: When to max out 401k (Aspiring Early Retiree)

Given the typical boglehead advice, I am pretty sure you knew what the answer would be. So instead, ask yourself some questions: When do you think it will be easier to contribute than while you are living with your parents? Since you have clearly demonstrated an understanding about how max contribu...
by Jags4186
Fri Jul 14, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 331949

Re: What's Your Credit Card Rewards Strategy?

Citi has a 50K bonus points after a $4K spent. AF is waived for first year. Worth applying for? With the restrictions Citi has on sign up bonuses I'd wait to see what happens with the refreshed Prestige card. It might be a better bet. But this isn't an awful offer, it's just that Thank You points d...
by Jags4186
Thu Jul 13, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: transaction costs VTI vs VTSMX
Replies: 13
Views: 785

Re: transaction costs VTI vs VTSMX

Mutual funds are just so much easier to deal with IMO. But reality is we're talking $50 in transactions costs, aren't we? Do whichever you like.
by Jags4186
Thu Jul 13, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $
Replies: 24
Views: 3256

Re: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $

Open all new accounts (iras, taxable, savings). Stop contributing to accounts where you already have money. Any paycheck you get after you get married is both of yours so by further making contributions to those accounts you are turning them into commingled assets. Same goes for inherited money. The...
by Jags4186
Wed Jul 12, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Where to open checking account?
Replies: 9
Views: 800

Re: Where to open checking account?

Capital One 360 is offering $300 checking/$200 savings currently.
by Jags4186
Mon Jul 10, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 1889

Re: Job opportunity - increase in compensation but also much longer commute

Wow. It certainly seems like a new job is your best bet. Have you done the math on that commute, though? It sounds terrible! 1 hr 10 mins x 2 (each direction) = 2 hrs 20 mins per day 2 hrs 20 mins x 5 days per week = 11 hrs 40 mins per week 11 hrs 40 mins x 50 weeks per year = 583 hrs 20 mins per y...
by Jags4186
Mon Jul 10, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: The cost of car ownership
Replies: 51
Views: 3316

Re: The cost of car ownership

Taylor isn't advocating buying a '96 Honda Civic DX with 200,000 miles and oil stains in the back seat. He's comparing the cost of one brand new car with another brand new car. You can buy a 4 year old BMW 3 series for the cost of a brand new Honda Civic or Toyota Corolla if that's your thing. As wi...
by Jags4186
Sun Jul 09, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4453

Re: Dave Ramsey's advice on investing?

I wonder how much longer investment brokers will continue to be able to sell loaded mutual funds to the public and charge AUM fees? Eventually, a large percentage of the investing population is going to wise up and refuse these services. Just how much longer can such an expensive business model las...

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