Search found 8 matches

by Lyonsguy
Mon Dec 04, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5670

Re: Mortgage is About To Be Paid - I'm Scared!

I’m not sure if this is a humblebrag, but I’ve posted here about almost paying off my mortgage and not knowing what to do next. This was actually a statement of fear. In some ways this is like leaving the harbor and sailing Out to sea. There are so many options with investing and there are so many c...
by Lyonsguy
Sun Nov 19, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Open enrollment - Choosing HSA vs PPO - expecting baby
Replies: 21
Views: 1182

Re: Open enrollment - Choosing HSA vs PPO - expecting baby

I'd pick the hdhp just for the out of pocket max for family. Heads up, once the baby is born you pay for the baby's hospital services and the mother's. In the whom they pay one fee, out of the whom you pay two fees. That really surprised me.
by Lyonsguy
Sun Nov 19, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Contemplating offer on a house with SolarCity lease
Replies: 23
Views: 2024

Re: Contemplating offer on a house with SolarCity lease

A friend of mine is very displeased with the lease on his solar - the first year was great as the lease was 20$ but it saved 50$ of electricity a month. But the price/mo th has gone up every year so now the payoff is so much smaller. The lease agreement may likely be locked in, but that is another t...
by Lyonsguy
Sun Nov 12, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13191

Re: How old are you and how much do you save for retirement a year

38 - make 115k (wife is part time nurse, I'm a chemical engineer) I cheat a little and consider savings what we spend extra or are long term costs (like school payment) Charity - 10k (not savings exactly, but extra) 401 (k) - 6k 401 (k) match - 3k Mortgage - 10k (not savings but will be in 4 months ...
by Lyonsguy
Wed Jun 28, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: I need a strategy to address debt and savings
Replies: 38
Views: 4767

Re: I need a strategy to address debt and savings

My priorities? 1 -possibly sell car and downgrade. 1a- Put 175 payment into 401k (to get the 5% match. 1b - Put extra money from downgrade into credit card payments. You will probably be able to pay off all credit card debts with this. That one sell and downgrade just eliminated 3 sources of debt an...
by Lyonsguy
Sat May 20, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for paying off a loan
Replies: 13
Views: 1399

Re: Suggestions for paying off a loan

I once paid off an 8% 2nd mortgage by utilizing a 28k credit card 0% no transfer fee 12 month float. during those 12 months I paid the 2nd mortgage amount plus extra, but into my 1st mortgage. Then at 12 mo the I paid off the credit card in full from a transfer from a home equity line of credit at 4...
by Lyonsguy
Thu Apr 20, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 3066

Re: I will pay off mortgage at 40. What next?

Congrats. Paid my house off around your age and have been without a mortgage for nearly a decade. What did we do? More taxable investing, took more vacations, increased what we'd normally spend on a car, built up the savings account more, and in general just become stress-free in life. Was able to ...
by Lyonsguy
Wed Apr 19, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 3066

I will pay off mortgage at 40. What next?

So I'm 38 and will be paying off my mortgage in about 2 years. I'd like to get some feedback from others who are on track or have already paid off mortgage pretty early in life's bout what they did after paying off mortgage. Maybe I'm complicating things but I'm also looking outside the box from sta...