Search found 14 matches

by cashisking500
Fri Apr 28, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance Question
Replies: 7
Views: 490

Re: Home Refinance Question

Thanks for the reply. And I agree JohnFiscal. Mortfree, no unfortunately we don't have enough cash available to bring and not have to pay the PMI. We've had the mortgage for a little over 2 years. We could theoretically "afford" the 15 year mortgage, but it stretches us a little further th...
by cashisking500
Fri Apr 28, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance Question
Replies: 7
Views: 490

Home Refinance Question

Hello, I would like to get Bogleheads feedback on a refinance of our mortgage. Currently, we are on a 30 year, fixed rate 4.55% mortgage with lender paid PMI. P&I is $945. We originally had a $185,500 mortgage We have the opportunity to refinance to a 20 year, 3.625% fixed rate for $1049 per mon...
by cashisking500
Wed Apr 05, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K or Traditional 401K?
Replies: 21
Views: 933

Re: Roth 401K or Traditional 401K?

cheese_breath wrote:What is your tax bracket?


25% currently
by cashisking500
Wed Apr 05, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K or Traditional 401K?
Replies: 21
Views: 933

Roth 401K or Traditional 401K?

Hi, I'm looking for Boglehead advice on this one. I have been investing in my company regular 401K (5% with a match of 5%) for several years now. I currently have a balance of $55,000 in it. I recently learned that the company is now offering a Roth 401K option as well. Should I consider moving my i...
by cashisking500
Fri Mar 31, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 15
Views: 1392

Re: Help! How are we doing?

Hi All, Just a quick follow up to my old post here. We are making progress! Since my post in December, my wife and I are both now fully funding Roth IRA's, we are paying extra towards our car loan debt and we have a savings account/e-fund with $24,000. Thank you all for your help. We will keep pushi...
by cashisking500
Wed Mar 08, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: 5k-10k to invest. What should I do?
Replies: 6
Views: 736

Re: 5k-10k to invest. What should I do?

Thank you for all of the great advice!
by cashisking500
Tue Mar 07, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: 5k-10k to invest. What should I do?
Replies: 6
Views: 736

5k-10k to invest. What should I do?

Hi Bogleheads! Later this year we will have somewhere between 5-10k to invest somewhere. One thought is to top off my wife's Roth IRA. This would be about $3,500 to do so. My Roth is maxed each year.

What are some other investment strategies with this size sum of extra cash?

Thank you.
by cashisking500
Wed Jan 11, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1719

Re: 2017 Goals...What should we do?

Thanks Ace. What your proposing is what I'd like to do. I am struggling with taking our EF down to $8,000 to pay off a 0.9% car loan though. Paying this car off frees up $300 a month, which ironically, if put towards my wife's Roth, allows it to be maxed out at $458 per month. Maybe I'm just being u...
by cashisking500
Tue Jan 10, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1719

Re: 2017 Goals...What should we do?

Thank you everyone. Appreciate the feedback received thus far.

Yes I have read TTMM. I am not a fan of running our savings all the way down to $1,000 though. Seems crazy to do so.
by cashisking500
Tue Jan 10, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1719

Re: 2017 Goals...What should we do?

I'm on board with putting more towards the mortgage, just not sure if that should happen now or wait until cars are paid off? We are not maxing out retirement. Currently 5% towards 401K (w/ 5% match), wife 3% towards 401K (w/ 3% match), I'm maxing out Roth IRA and wife is putting $150 per month towa...
by cashisking500
Tue Jan 10, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1719

2017 Goals...What should we do?

Hi Everyone, I'm looking for some input on what to do next. Two financial goals at the top of my list for 2017 are to pay off my car and to get my wife and I in position to contribute 15% of gross income to retirement each month. Currently, we have $20,000 in savings (EF). We have two car loans (our...
by cashisking500
Mon Jan 09, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17392

Best Financial Moves You've Made

I'm going to assume that most folks on Bogleheads are above average in terms of how they handle their finances. To help some of the newbies (including myself), what are the best financial decisions you've made that have allowed you to be where you are today? (i.e. eliminate debt, particular investme...
by cashisking500
Fri Dec 02, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 15
Views: 1392

Re: Help! How are we doing?

Thanks everyone! Great feedback! So, a few follow-up questions: 1. Should we consider using our Cash Savings/EF to pay off one of the cars immediately? 2. For retirement, I have always heard the Dave Ramsey 15% of gross earnings...is that what we should aim for? 3. Should we focus on clearing the ca...
by cashisking500
Fri Dec 02, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help! How are we doing?
Replies: 15
Views: 1392

Help! How are we doing?

I'm hoping the Bogleheads can let me know how my wife and I are doing with our personal finances. Give us a grade! We are both 33 years old, employed full-time, no children. What can we improve on, given the situation below? Combined take home pay is $6,400 per month Mortgage: $180,000 left, 28 year...

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