Search found 161 matches

by djpeteski
Wed Sep 20, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you pay for credit monitoring?
Replies: 25
Views: 1149

Re: Do you pay for credit monitoring?

I had zander id theft insurance; and, was hit with fraud. Someone social engineered their way into my checking account (posing as my wife) and western union'ed themselves $2500. While I was attempting to resolve this I was also hit with CC fraud, and again about three months later. I had that checki...
by djpeteski
Wed Sep 20, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1608

Re: What say ye... 60/40 or 65/35?

soccerrules wrote: ↑
Wed Sep 20, 2017 12:53 pm
Hyper-- good point, I would not. I might use my EF to fund an IRA contribution and then replace.
That is ill advised. An EF is there for unforeseen emergencies, or black swan events. What happens if one (or more) occur during the replacement period?
by djpeteski
Wed Sep 20, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: 30yr Mortgage Refi Rates
Replies: 16
Views: 2305

Re: 30yr Mortgage Refi Rates

I did an awesome refi, a couple of years back.

I had a 15 yr at 3.5%. I replaced that with a Home Equity Loan:

First position
Fixed, term (7 years) and rate 2.3%
No closing cost.

In the end it saved me less than $1,000 as I paid it off 13 months later, but it is/was a great option.
by djpeteski
Tue Sep 19, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is the right career path for me?
Replies: 24
Views: 2216

Re: What is the right career path for me?

I would say #4 is mutually exclusive to 1 and 2.
by djpeteski
Tue Sep 19, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 810

Re: Short term disability insurance

You are not crazy, they are.

You insure against catastrophic losses, not small ones. In the case of disability, long-term disability is a must, short-term is only for broke people.
by djpeteski
Tue Sep 19, 2017 7:27 am
Forum: Personal Consumer Issues
Topic: After Irma in need of............
Replies: 25
Views: 2191

Re: After Irma in need of............

New roof. I look at this as a blessing. I get a 20k product for like 5k.

Chain saw - purchased.

Generator. A guy at work made a great business case: If it saves you from throwing away $300 worth of food, then it pays for itself after two uses.
by djpeteski
Tue Sep 19, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 180
Views: 18371

Re: Calling out the not so rich bogleheads

The one thing I will say to the OP, and those who consider themselves as "not so rich bogleheads", is that you do not know what the future holds. It is easy to find doom and gloom predictions, but I would like to offer one of hope. Making good financial decisions now will typically lead to good thin...
by djpeteski
Tue Sep 19, 2017 6:36 am
Forum: Personal Consumer Issues
Topic: Any Ford Escape drivers in Boglehead-land?
Replies: 23
Views: 2232

Re: Any Ford Escape drivers in Boglehead-land?

I got a really great deal on an Edge (new 2016 bought in 2017 just before the 2018 were poised to come out), the next size up from the Escape. Pretty happy with it. They might be all gone, but when we were shopping several dealers still had them on the lot. The sticker was just under 40K, and we got...
by djpeteski
Tue Sep 19, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Help With Rental Property Decision
Replies: 30
Views: 1877

Re: Help With Rental Property Decision

If there is a lot of interest in the condo, then I would look over the applicant pool. If you can find a really good tenant, then you can probably "kick the can down the road" for a year or two by renting. I would then position myself to be ready to sell, have 6 months worth of payments sitting in a...
by djpeteski
Tue Sep 19, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 36
Views: 2088

Re: Convertible in Florida or not...

I'd do it, but then again I often drive with the windows down and sun roof open (Orlando). That and I also used to ride a motorcycle, but gave that up because everyone is too busy texting while they drive.
by djpeteski
Tue Sep 19, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 72
Views: 4213

Re: Getting (young) kids interested in coding

For the record, I would classify this as child abuse.
by djpeteski
Mon Sep 18, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 1952

Re: Sticky family/parental care situation...long post

I started attending a church that both my wife and I really like, a while back. It was a "startup church", and the people were really friendly. The preaching/teaching was mediocre and there were some ways we could serve others. However, the church was really disorganized. We would routinely find out...
by djpeteski
Mon Sep 18, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Best Way to pay student loans
Replies: 4
Views: 408

Re: Best Way to pay student loans

Lets assume you hit a slot machine for ~14K tomorrow, and you are able to cash out that amount tax free. Let us also assume that your deferment ends 2/18. If you stick the money in a savings account until the end of deferment then make a lump sum payment. Your profit will be $68. Just pay off the lo...
by djpeteski
Fri Sep 15, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 27
Views: 3751

Re: Equifax Credit Freeze 100% online

I just did transunion for free as well. I signed up for their TrueIdentity. I opted out of emails, I signed up for text alerts if someone applies for credit, and locked my credit from their dashboard. The benefit to this is I can login and unfreeze my credit, although it is doubtful I will ever need...
by djpeteski
Fri Sep 15, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 27
Views: 3751

Equifax Credit Freeze 100% online

This AM, I was able to place a credit freeze on my Equifax account 100% online and with zero cost. Although state dependent, I thought that this would cost you $10 in my and many other states.

The web site was sluggish, but it worked. I went here: https://www.freeze.equifax.com
by djpeteski
Thu Sep 14, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 2766

Re: Auto Insurance Question

Keep in mind that part of your insurance coverage is liability. If there is an auto accident, and you are sued, the auto insurance company is responsible. In order to maintain a umbrella policy you need to have a high minimum amount of liability on your auto insurance. Typically that amount is 300K ...
by djpeteski
Thu Sep 14, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 71
Views: 7925

Re: Do you pay for yardwork?

I live in Florida and the tough St Augustine grass requires a high quality edger and weed eater. I have had a hard time keeping one up and running, trying both high end and low end models. I live on a small lot and the guy charges $50 for a once a week mow. I don't feel like I can maintain the requi...
by djpeteski
Thu Sep 14, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Milestone Reached - "Quarter Millionaire!"
Replies: 41
Views: 4581

Re: Milestone Reached - "Quarter Millionaire!"

It is not where you are, nor where you started that matters. It is where you are heading.

Your milestone is indicative of your trajectory: up, up, up!

Congratulations and keep up the good work!
by djpeteski
Wed Sep 06, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Divorce money - How to invest it?
Replies: 9
Views: 1804

Re: Divorce money - How to invest it?

2. My thoughts on the rollover is to leave it at Fidelity (where the money is sitting right now), move it to my Scottrade rollover account, or move it to a new Vanguard account - What do you think? I would consolidate at Vanguard or Fidelity. Most on here prefer Vanguard being that the namesake ran...
by djpeteski
Tue Sep 05, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: How to break into new field?
Replies: 48
Views: 2992

Re: How to break into new field?

I would steer you away from coding/software engineering. You probably don't have the personality for it. Heck, some engineers don't have the personality for it. For example, I once spent three days looking for a bug in software that many of you probably use. In the end I changed one character. It wa...
by djpeteski
Thu Aug 31, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 757

Re: Valuation of Private Business in Net Worth Calcuations

If it will be taxable, an accountant may suggest getting an appraisal done, or other approaches. But I would go in prepared. The only thing that would be taxable are any distributions. It is unlikely there will be any. Are you really sure of this? She's receiving this as compensation, I'm guessing,...
by djpeteski
Thu Aug 31, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2461

Re: Pork shoulder on Weber E-310: Best practices?

Do you use a dry rub?

If so add coffee. Holy cow that makes it good.
by djpeteski
Thu Aug 31, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 757

Re: Valuation of Private Business in Net Worth Calcuations

1.) Make sure you have documentation stating your wife owns X% of said companies. If there is no documentation, your "likely" statement is all you have...almost like an inheritance. You can't count on inheritance and it shouldn't be included in net worth calculations. Sorry I did not make this clea...
by djpeteski
Thu Aug 31, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 757

Re: Valuation of Private Business in Net Worth Calcuations

My wife will likely receive a small percentage (1%) of three companies that are all private companies. The majority owner values these three companies between 100m and 75m. They are not worth that. Perhaps you could convince the majority owner to purchase your shares for 1% of 75m? Dude, that would...
by djpeteski
Thu Aug 31, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey has me rethinking my approach to disaster preparations
Replies: 67
Views: 5421

Re: Hurricane Harvey has me rethinking my approach to disaster preparations

Pro tip that I learned from Charlie (Orlando, 2004): Have flashlights with uncommon batteries. After the storm you could not buy D, C, or 9 volt batteries. However, you could buy AA and AAA all day long. So now I have a multitude of flashlights that take those batteries. Also I keep a brick of those...
by djpeteski
Thu Aug 31, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 757

Valuation of Private Business in Net Worth Calcuations

My wife will likely receive a small percentage (1%) of three companies that are all private companies. The majority owner values these three companies between 100m and 75m. They are not worth that. Company 1: Good management, profits on the order of 3 million/year Company 2: Great technology, absent...
by djpeteski
Thu Aug 31, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: James Altucher's get-rich-quick pitch
Replies: 17
Views: 3502

Re: James Altucher's get-rich-quick pitch

Make $647 in less than 2 minutes with no risk. This "almost" sounds too good to be true. :happy Hell I have done it...sort of. Never mind that it might take you a few hours to evaluate the different trades. Never mind that you have to wait for option expiration (30-45 days) for the "investment" to ...
by djpeteski
Wed Aug 30, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: how to calculate whether to pay off mortgage
Replies: 18
Views: 1692

Re: how to calculate whether to pay off mortgage

IMHO:

if(mortgage.balance > 0.0) payoffMortgage();
by djpeteski
Tue Aug 29, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Beginner Mountain Bike
Replies: 59
Views: 3089

Re: Beginner Mountain Bike

You can go here and find a little bit of a better bike for less money: http://www.bikesdirect.com/products/gravity/fsx_2.htm $380 for a full suspension bike with most of the same components otherwise. The bike shop near me, fits and buys from BikesDirect.com, they assemble and offer lifetime mainten...
by djpeteski
Tue Aug 29, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8005

Re: Relative angry I will not co-sign

I think you are doing the right thing and from your brief post it sounds like your heart is in the right place. This person's need is addressed by the service that Dave Ramsey (DR) provides. While many on this site will never need DR, it helped my wife and I and it will certainly help this person. I...
by djpeteski
Mon Aug 28, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: Should I be doing more
Replies: 8
Views: 1191

Re: Should I be doing more

I think you have way too much in your emergency fund. How long have you had it? (I imagine a while.) How much have you taken out? (Probably next to nothing.) I would scale it back to 6 months to one year, and invest the rest.
by djpeteski
Fri Aug 25, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Storing a push lawn mower
Replies: 21
Views: 1823

Re: Storing a push lawn mower

How much does a lawn service cost? For me it was cheaper than the maintenance of the necessary lawn equipment, and gave me back 8 hours per month.
by djpeteski
Thu Aug 24, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7208

Re: School Redistricting - What should we do?

Option 1 - MOVE NOW. This will involve taking at least 70-100K equity loss due to drop in home value. Buying another house in current market will increase our mortgage payment upto 45% of take home pay due to increase in home values recently. This will impact our current savings rate significantly....
by djpeteski
Thu Aug 24, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6625

Re: Sigh...I'm ready for criticism...how am I doing?

I'd recommend selling your first house not renting it. Why? You are in the business of doctoring, and are well compensated for it. The small amount you will make from being a landlord is not worth it. Dump the house, take the loss, who cares. You will be far better off. Have a plan to pay off the st...
by djpeteski
Wed Aug 23, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Sharing information with insurance agents.
Replies: 18
Views: 1399

Re: Sharing information with insurance agents.

If one was selling an umbrella policy, I think it would be normal to request the amount and makeup of your assets. Information requested should be in accordance with the insurance being applied for. A life insurance or disability policy would require income. Income is most likely unimportant for an ...
by djpeteski
Mon Aug 21, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8354

Re: Little P**S Ants

Where in Florida? I am dealing with this too, and it is kind of hard work. I've never had my home invaded like this before. I use two products: Demon WP and Advion Ant Gel. Demon WP is what the bug guys spray around your house. I use this on the inside as using it on the outside tends to force them ...
by djpeteski
Mon Aug 21, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 15811

Re: Jobs that pay over $100,000

With overtime, an FL state trooper can make 100K/year. Other jurisdictions pay better but are tougher to get hired.
by djpeteski
Thu Aug 17, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Best place to find jobs and how to know the pay/benefits before applying?
Replies: 22
Views: 1568

Re: Best place to find jobs and how to know the pay/benefits before applying?

IMHO, you are looking at this totally wrong. What you are looking for is a job that will pay you well without consideration of the needs of the market, or your skills/abilities. This will most certainly fail. If you look at a dollar as a certificate of service, then the perspective becomes a bit mor...
by djpeteski
Thu Aug 17, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Where to Park Future Tax Payment
Replies: 8
Views: 639

Re: Where to Park Future Tax Payment

The IRS.

If you owe more than $1000 you are subject to a penalty. You may want to check out this tax topic: https://www.irs.gov/taxtopics/tc306.html, and consult an accountant.


Avoiding the penalty could be your best investment.
by djpeteski
Thu Aug 17, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10378

Re: Anyone planning on never retiring?

A person with a good career is going to have trouble working part time at a menial job. Could you imagine being a respected bookkeeper or some similar career and then trying to work part time at Subway or McDonald's? Shoot me now. A better path would probably to find meaningful volunteer work. Could...
by djpeteski
Wed Aug 16, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6629

Re: please help...am I overextended - first home

If it was me, I'd clean up the 401K loan mess tomorrow 453*24=10872 Debt $452.98 for a 401K loan I have $13,000 in an individual account which hold shares of my ESPP and $5,000 in cash Cash out your ESPP, pay off the 401K loan. Go lighter on the 401K contributions and probably drop the ESPP. Save up...
by djpeteski
Tue Aug 15, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How much coverage should I buy in an umbrella liability policy
Replies: 15
Views: 1651

Re: How much coverage should I buy in an umbrella liability policy

Using State Farm is akin to having no insurance. You are far better off with anyone else. They do not pay claims.
by djpeteski
Tue Aug 15, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5837

Re: Plan for making child pay for part of college

One thing to consider in transitioning your child into a reasonable adult is to use the military model. Young privates are given a place to live, food to eat, and training. However, that private is responsible for toiletries, grooming, eating out, clothing, and any entertainment. It gives a nice div...
by djpeteski
Mon Aug 14, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 34
Views: 6513

Re: "Upper Middle" Class - ditch WLI or ride it?

15,000 bank (cash) savings 10,400 in debt (car payment) Yearly Income / Allocation: 93,600 guaranteed gross income Great income for someone so young. I would be done with the car tomorrow, or even today if possible. Take your savings and make that car paid for. Then work hard to get that back up to...
by djpeteski
Mon Aug 14, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: What percent credit utilization is best?
Replies: 18
Views: 2038

Re: What percent credit utilization is best?

Zero, or close to it. Once I paid off my mortgage and all my other debts, I had the highest credit score of my life and close to perfect. I guess there is still some credit utilization, as I do use a charge card for some household expenses that are not variable. But it is pretty low. Also, I did the...
by djpeteski
Mon Aug 14, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3586

Re: What % of income to buy a car is not excessive?

I don't think it is income related, but more investable assets related. The biggest problem with things like cars is the depreciation. To counter act that depreciation you need investments not only income. Investments (over time) will increase in value without personal activity. Cars will lose value...
by djpeteski
Thu Aug 10, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3708

Re: Do I have enough to retire-retire from the military

If your desire is to live in a higher COL area, I'd look into moving into the contracting realm. Sr. officers and NCOs can do quite well and really don't have to do much. I knew one Bradley master gunner that pulled in about 80K per year and did about 3 hours of work per month. For officers, it can ...
by djpeteski
Wed Aug 09, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: How to not obsess over investments?
Replies: 46
Views: 3853

Re: How to not obsess over investments?

For the past 3 months or so, and likely for another 45 days (or hopefully less) I have been obsessing over my investments. We are really close to hitting a significant milestone.
by djpeteski
Wed Aug 09, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Twins on the way = Life insurance questions
Replies: 22
Views: 1024

Re: Twins on the way = Life insurance questions

My wife and I are multiplying our family times 2 this December. We are extremely excited and thankful, but from the financially standpoint, I don't like drastic change, and what a change this will be! Congratulations! :sharebeer Age: Me-32, Wife 27 Mortgage: Still about $195k with 24 years left on ...