Search found 17 matches

by Lyonsguy
Sat May 19, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 96
Views: 8583

Re: Solar panels

Mine (in Colorado) have a 10-12 year roi. But it is fairly low risk - so that is about 8% per year. You can’t beat that risk/return in the market. Looking back. I would be comfortable buying and installing the panels myself, but then paying a n electrician to install and connect the inverter. Roi w...
by Lyonsguy
Sat May 19, 2018 12:36 am
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 96
Views: 8583

Re: Solar panels

Mine (in Colorado) have a 10-12 year roi. But it is fairly low risk - so that is about 8% per year. You can’t beat that risk/return in the market. Looking back. I would be comfortable buying and installing the panels myself, but then paying a n electrician to install and connect the inverter. Roi wo...
by Lyonsguy
Tue May 15, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7480

Re: Can a <median household save 1 year of expenses every year?

I think so, but for me it takes some creative math. THe principal on my mortgage was considered savings, as is social security, as is my solar panels on my house, as is 401k, Roth IRA, hsa, as was extra mortgage payments. I also Co side charitable donations as savings. I think the poster might be fe...
by Lyonsguy
Sun Feb 04, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Flawed?] Paying off mortgage in 5 years
Replies: 17
Views: 2231

Re: [Flawed?] Paying off mortgage in 5 years

Investing as much as possible is important when you're young but so is home ownership. I don't think paying off your mortgage super early is a good strategy but it may provide peace of mind. . This exactly. Peace of mind vs. higher historical returns. I really wanted to pay off my mortgage early an...
by Lyonsguy
Tue Jan 16, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 18820

Re: Why Buy Bonds If You Have A Mortgage?

In my experience there is very very little loss in liquidity...if a home equity line of credit is available. So the argument that a loss of liquidity keep people from paying down their mortgage isn’t considering the liquidity returned via a home equity line of credit. There is some risk that the lin...
by Lyonsguy
Sun Jan 14, 2018 9:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 304
Views: 29805

Re: Post your Financial Milestone Announcements Here

Paid off mortgage this year. Net worth just beat $700,000. Wife finishing masters degree in nursing this year (August). Age 38/36.
by Lyonsguy
Sun Jan 07, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 7109

Re: Life at a crossroad: seeking advice

Could you talk to your employer about reduced responsibilities or hours? Perhaps also telecommuting. Working 32 hours per week is still full time with 401k and medical benefits (I believe) but gives you an extra day a week to pursue your creative efforts or family efforts. Burnout is real and you’ll...
by Lyonsguy
Thu Jan 04, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 2096

Re: Pay down principal or invest

Yes, the heloc may be frozen at any time. I use it for short term (2 month loans) when helping to pay my wife’s tuition rather than pay via a credit card. I’ve also used it to prepay my tithing for next year for tax purposes, and in preparation to take the standard deduction next year under new tax ...
by Lyonsguy
Thu Jan 04, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 2096

Re: Pay down principal or invest

I respectfully disagree with klangfool. From a cash flow perspectice it seems as though op is doing very well (paid off divorce and student debt recently), which will soon go to their retirement. Although 200k toward retirement is lower than ideal, I expect they will be able to catch up (again see c...
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: 6166

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: 1382

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: 2422

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: 244
Views: 29346

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: 5265

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: 1608

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: 3731

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: 3731

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...