Search found 350 matches

by djpeteski
Mon Jan 22, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 17
Views: 834

Re: Work-out schedule for those in 60s

If it was me, and I am in my early 50's, I would be looking to do more intensive cardio. You may not want to start there, see a doctor, but I would be looking to have at least 4 sessions of intense cardio lasting more than 30 mins, preferably an hour. Cardio can be tough on joints, making cycling or...
by djpeteski
Mon Jan 22, 2018 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Military Retirement BRS vs. Legacy
Replies: 6
Views: 450

Re: Military Retirement BRS vs. Legacy

Here are a couple of things to consider: The current legacy deal may not be the same in the future as it is now. Could they reduce the pay to 40% after 20 years? Or do 50% at 25? Who knows? I did ten years in the military, obviously, for me the BRS would have been much better as I would have walked ...
by djpeteski
Mon Jan 22, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 60
Views: 3720

Re: Should I buy a business or suck it up at a job(s) with a pension.

I have a different business idea for you: financial planning. Holy cow you two have done a good job in your finances with "normal" occupations. I would echo the thoughts of others, is that you are assuming a lot of down side risk for almost no upside. It sounds like you are burnt out and need a fami...
by djpeteski
Wed Jan 17, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2031

Re: Take a 401k Loan?

If I paid off $20k, my credit score would go back up to the 700s and I could be on the loan. I find that highly unlikely that your credit could improve that quickly with simply paying off a single debt. You said you could have it paid off in Jan 19, that is only a year away. Do that. Your credit sc...
by djpeteski
Tue Jan 16, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3882

Re: Got raise. Taxes taking 41% of it?

Not sure where you got those numbers from. My gross pay went from $60,000 to $63,500, which is $148.83 per paycheck (paid twice per month). I included everything on my paycheck above. Health insurance dropped; don't have an FSA; my 401k is set to $150 per paycheck, not a percentage. Pre: SS: $150.9...
by djpeteski
Tue Jan 16, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: pay off 401k loan or not?
Replies: 17
Views: 1201

Re: pay off 401k loan or not?

Pay off the 401K loan, they have a lot of pitfalls that you are not accounting for. I would consider your "house on fire" with this kind of loan.
by djpeteski
Tue Jan 16, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Career Direction Advice
Replies: 17
Views: 1305

Re: Career Direction Advice

If you have sufficient emergency funds and family(if any) agree, go for it. You will always wish you had. But set yourself up so that if all does not go well, everyone in your sphere can be taken care of for at least 6 months. Along these lines, I would also ask how much margin you have in your bud...
by djpeteski
Tue Jan 16, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3882

Re: Got raise. Taxes taking 41% of it?

Something is off, and I feel like it is your quantification of the raise. Pre SS taxes 186.24 Post SS taxes 202.17 Difference: 15.93 Divide by 145.83 = 10.9%, This would suggest, that your gross pay went up by 208.23 per paycheck or you got the numbers wrong on the social security. Also did your cos...
by djpeteski
Fri Jan 12, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Navy Fed CU eligibility: advice
Replies: 7
Views: 456

Re: Navy Fed CU eligibility: advice

Sounds like maybe he didn't actually call. I would just take that as a hint to drop it, especially as it would seem to have no effect on you personally. Most people don't appreciate unsolicited financial advice. For that matter, many people don't really appreciate solicited financial advice but are...
by djpeteski
Fri Jan 12, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Divorce or Arbitration
Replies: 9
Views: 694

Re: Divorce or Arbitration

If an amicable settlement can be found, you can do this by simply filing a petition with the county court house. About 30 days later, the divorce will be final. Each county is a little different, and you should basically call the clerk of court family division on how to go about it in your particula...
by djpeteski
Fri Jan 12, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: What to do when SEP IRA is only option?
Replies: 11
Views: 611

Re: What to do when SEP IRA is only option?

What kind of salary did she have in Grad school? What she in the sustenance level, like 30k per year? Unless she being paid via 1099, she cannot open a solo 401K. Having the SEP contribution amount being dictated by someone else, suggests that is not really possible. He says she has a side hustle m...
by djpeteski
Fri Jan 12, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: What to do when SEP IRA is only option?
Replies: 11
Views: 611

Re: What to do when SEP IRA is only option?

What kind of salary did she have in Grad school? What she in the sustenance level, like 30k per year? Unless she being paid via 1099, she cannot open a solo 401K. Having the SEP contribution amount being dictated by someone else, suggests that is not really possible. I would be happy with whatever S...
by djpeteski
Thu Jan 11, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4822

Re: Car accident - was directed to sign release

I am thinking about asking for the following: $700 - reimbursement for medical bills (we believe this to be all of the medical bills) $1000 - pain, suffering, inconvenience $1000 - car repair $1000 - diminished value of vehicle due to accident $125 - time off without pay from work due to accident $...
by djpeteski
Wed Jan 10, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Beginner: How Many Of You Take The Retirement Savings Credit?
Replies: 8
Views: 901

Re: Beginner: How Many Of You Take The Retirement Savings Credit?

If you qualify, then yes you should take it. Free money. However, I doubt many people qualify as it is income restricted. AGI has to be less than 31K for single, 62K for MFJ. How many people, at those income levels qualify and also do not run a fowl of the other restrictions? I feel like the answer ...
by djpeteski
Wed Jan 10, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2612

Re: Did I need a lawyer after an accident?

Did your lawyer do a "depreciated value claim" against the other's insurance? If not you may want to seek new representation. Along with the more important medical issues that you and your friends are dealing with, your suffered an asset loss. Your car, if not totaled, suffered a loss in value due t...
by djpeteski
Tue Jan 09, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Assets in Divorce
Replies: 51
Views: 5026

Re: Splitting Assets in Divorce

Your incomes are irrelevant in the splitting of assets. The only time they matter is in the calculation of child support. Most states have worksheets to do such, and you can certainly do that on your own. 30k truck (zero balance) remaining on a 20k car (10K balance) If you keep your car and she keep...
by djpeteski
Tue Jan 09, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard, Fidelity [looking for good CD rates]
Replies: 8
Views: 993

Re: Vanguard, Fidelity [looking for good CD rates]

I can't speak about Vanguard, but Fidelity makes it very easy (and free) to buy CDs. The rates tend to be among the best as there are so many listed and very easy to compare. I just drove by a CU and they advertised 12 month 1.00% CD. I am getting 1.35% in my AMEX savings account. When I look at 12 ...
by djpeteski
Mon Jan 08, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: any success buying a car at lease end?
Replies: 25
Views: 1944

Re: any success buying a car at lease end?

Thank you all for your responses. I was able to find my original lease agreement and found the payoff amount of $16.9k which for a 2015 Camry XLE with 20k miles is a good price. By the time I go to trade it in it should still be slightly under market value. Regardless I will attempt to negotiate fo...
by djpeteski
Mon Jan 08, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: any success buying a car at lease end?
Replies: 25
Views: 1944

Re: any success buying a car at lease end?

Please give us an update when the transaction is complete.

Also there is nothing wrong with calling today and asking for a buyout price. It might give you an idea of what is in store for you at lease end time.
by djpeteski
Mon Jan 08, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 3921

Re: Disappointed in Missing a Long Term Financial Goal

Anytime you miss, or even hit a goal one needs to examine the things one can control and the things one can't. Only then can you evaluate if you did a good, poor, or mediocre job. Also you can learn to get better at setting goals in the future. For example, lets say your desire is to increase your r...
by djpeteski
Mon Jan 08, 2018 7:26 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8549

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

In my mind a thread is not only for the person initiating the thread, but also for subsequent people looking for information on the same topic. Lets assume that a person ask a question that is relatively easy to action, but will not do so for whatever reason. Is this thread wasted? Did the people an...
by djpeteski
Fri Jan 05, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Net Worth Calculation
Replies: 3
Views: 506

Re: Net Worth Calculation

If it was me, I would use the current cash value minus the surrender value.

If you are calculating your estate value, for whole life, it would be the death benefit only. The cash value is forfeited when the death benefit pays out.
by djpeteski
Wed Jan 03, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9268

Re: Best 401k Employer Match Structure

I will assume that you plan to put in 6% per employee. If it was me, I would do the following: 1) Make it an opt out plan. Automatically sign people up for the plan at 3%. Studies have shown much higher participation in plans where people have to opt out. 2) 100% on the first 3%. 3) 50% on the next ...
by djpeteski
Tue Jan 02, 2018 3:10 pm
Forum: Forum Issues and Administration
Topic: Slow loading of pages.
Replies: 22
Views: 2023

Re: Slow loading of pages.

I think it is all the new year's resolution types: "gotta get control of my money". The gym will be hell for the next 45 days or so, perhaps this forum will be slow for a week or two.
by djpeteski
Tue Jan 02, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5794

Re: What is your threshold for paying down debt?

Two part question: Why are Bogleheads so afraid of debt and what is your threshold between aggressively paying it down or redirecting those payments into investments? A key thing to understand is that Bogleheads don't time the market. It is very easy to look back and have "20/20 vision", and to for...
by djpeteski
Tue Jan 02, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: South Florida visit in early March
Replies: 20
Views: 1391

Re: South Florida visit in early March

If you like to snorkel check out the Blue Heron Bridge. It is rated one of the best shore (SCUBA) dives in the US, and much of the wildlife can be seen with a mask from the surface. It is a bit of a drive from Hollywood, but not terrible. If you play poker at all, there are plenty of card rooms in t...
by djpeteski
Fri Dec 29, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3157

Re: Buying a car advice - what's new since 1994?

Two new saftey features that I really like: 1) Back up camera Although it can provide false signals, it is really good at detecting vehicles that could potentially hit you when you are backing out of a space in a parking lot. I really like this feature 2) Change lane indicators In my side mirrors, t...
by djpeteski
Fri Dec 29, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4651

Re: A Year of Extreme Frugality

Am thinking about embarking on a year of extreme frugality in order to help save for some big picture expenses coming up. Curious whether anyone here has done the same (for a year or more) and if so: What was your experience? How much did you save? What life hacks did you discover to save money? An...
by djpeteski
Wed Dec 27, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Help in Making Decision on Mortgage Refinance
Replies: 10
Views: 632

Re: Help in Making Decision on Mortgage Refinance

Do you have any cash to bridge the gap if the appraisal falls short? Yes.. I do.. I can contribute up to $20,000 if needed.. However; is that a wise move to use my savings to bridge the gap? Please advise. Typically it is very wise to use cash to bridge the gap. The first step would be to get the a...
by djpeteski
Wed Dec 27, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Pay January Mortgage Payment Now
Replies: 4
Views: 633

Re: Pay January Mortgage Payment Now

I don't think that is true. Interest accrues monthly. When the January payment is posted interest is paid, usually on 1 January or when it is received, which is ever is later. Only then is interest paid. So paying early will be of no use.
by djpeteski
Wed Dec 27, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3854

Re: Miata as second car

Our debt level too high? We have no debt except our house. Yes sir. Call me ultra-conservative but I have been burned in the past. You guys have a 130k HH income, and have a 2150/mo mortgage. That is high to me. For the record, we have a HH income that is more than double. When we did have a mortga...
by djpeteski
Wed Dec 27, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4521

Re: The car dealership model needs to die

I didn't need to test drive. I wasn't negotiating.....etc... Both dealers refused to give the out the door price and insisted I visit them (on the same day).... I find dealerships mostly slimy. I am sure there are plenty of exceptions. But the sales process is archaic and needs to die. Not only are...
by djpeteski
Wed Dec 27, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Creating a Mid-Tier Emergency Fund
Replies: 21
Views: 2302

Re: Creating a Mid-Tier Emergency Fund

Keep this in mind: if 50K will cover you for 12 months, then you could probably get a job delivering pizzas to cover your expenses.

In other words your work ethic, which I gather is quite good, can also serve as an emergency fund.
by djpeteski
Wed Dec 27, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3854

Re: Miata as second car

You need to decide what your financial goals are. Once you are on pace to reach your financial goals I think you should be able to spend whatever you want as long as it doesn’t impact your goals. Just be wary that if you get a $25,000 toy your wife might want a $25,000 toy. Have you made short, mid...
by djpeteski
Wed Dec 27, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3854

Re: Miata as second car

Wife has agreed to let me save $2,000 per month.... I’m looking at 20-25k. Save for 10-13 months and pay cash. You will likely get a better deal and also appreciate the purchase more. While I understand your love of cars, your debt level is a bit high for my tastes. I would certainly not purchase a...
by djpeteski
Wed Dec 27, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4734

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

Why do you have a mortgage? You have over 1m in taxable, pay off the mortgage tomorrow. Getting a 4% guarantee returned on your money is not bad.
by djpeteski
Tue Dec 26, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance, what do I need?
Replies: 7
Views: 514

Re: Term Life Insurance, what do I need?

If it were me, I would get something on each of you. I would recommend about 250K for at least 10 years, maybe 15 or 20 depending on your expected raises or changes in your housing situation (move up, pay off mortgage, etc..). It would probably cost you guys like $500/year and in the event of a trag...
by djpeteski
Tue Dec 26, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 4819

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I think payoff mortgage or invest over the course of a couple of years is probably a marginal decision. Even if you borrow at 3.5% and make 10% with 200k over 5 years that's a benefit of less than 35k. I'm not saying that money is insignificant but does it move the needle on when you can retire or ...
by djpeteski
Tue Dec 26, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping seldom-used credit cards active
Replies: 11
Views: 1260

Re: Keeping seldom-used credit cards active

In my own personal experience closing credit cards does not hurt your credit, except for a slight dip (10-12 points) that will only last a few weeks. Currently I have the highest credit score of my life (by at least 80 points) and have only two active credit card accounts. Included in my experience ...
by djpeteski
Tue Dec 26, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Yet another can I afford this house post- please weigh in
Replies: 32
Views: 3855

Re: Yet another can I afford this house post- please weigh in

I think you are golden, you are doing great to have that kind of net worth at your age. Only one caveat: if you have a specific house in mind, do you really like it? If so go for it, if not look for something you really like and purchase that. It is expensive to transact real estate. You don't want ...
by djpeteski
Tue Dec 26, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Landlord vs tenant issue across the country
Replies: 32
Views: 3412

Re: Landlord vs tenant issue across the country

To me it seems like 1800 is the correct amount that you owe. 1200 for January, 600 for the break fee. As others have said you normally have to give 30 days notice. If you are looking for more info, you could provide more information including the city and state where this lease originated. Dates and...
by djpeteski
Fri Dec 15, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2871

Re: Should I open a fitness center for extra money?

p0nyboy wrote:
Fri Dec 15, 2017 10:31 am
Your "smart friend" hates money...thats why they opened a fitness center.
Nice, love the verbiage. I use this frequently especially when those who want to trade in Forex.
by djpeteski
Fri Dec 15, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: If you were so inclined to commit CC fraud...
Replies: 1
Views: 675

If you were so inclined to commit CC fraud...

So my CC got banged for fraud, the day before I leave on an 8 day cruise. Sigh.

They did a charge at Fedex for $690. What can you spend $690 on at Fedex? They don't have money orders.

Then they hit up some place in Kentucky for $8. Very confused by these folks.
by djpeteski
Fri Dec 15, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What are your favorite tax deductions and credits for 2017?
Replies: 33
Views: 2188

Re: What are your favorite tax deductions and credits for 2017?

Like others I enjoy the charitable giving deduction.

One deduction I love NOT having: mortgage interest! Debt free baby!
by djpeteski
Fri Dec 15, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Hit a milestone today; starting to see impact of compounding over time
Replies: 11
Views: 2154

Re: Hit a milestone today; starting to see impact of compounding over time

Congratulations! I'd lay a wager that you will become a very wealthy person. There are a couple of things about compounding that many people don't take into account: 1) When you have a loan, compounding is working against you. You seem to understand this, great job making that student loan disappear...
by djpeteski
Thu Dec 14, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: ESPP - Would you participate and what's your strategy
Replies: 24
Views: 1717

Re: ESPP - Would you participate and what's your strategy

The employees at the company I now work had have a 5 year holding period. In that case, I would tend to avoid the ESPP. I might make an exception if all my tax favored investments were taking care of, and then only for a smallish percentage of my taxable investing.
by djpeteski
Thu Dec 14, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Recently Sold Business....starting another...need advice.
Replies: 3
Views: 558

Re: Recently Sold Business....starting another...need advice.

I read Barrons and WSJ everyday and consider myself financially literate. I thought I would manage the portfolio myself. However, I have found that between the adjustment of not having your own business and starting another, I have not had the time nor inclination to do so. In the time that it take...
by djpeteski
Wed Dec 13, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Anyone own property used solely for Airbnb?
Replies: 9
Views: 1097

Re: Anyone own property used solely for Airbnb?

You have to be wary of local laws and HOA rules. Some may not simply allow it. We meet a couple last year that lived across the street from the University of FL campus. They AirBnB out their rooms during football season and hold the tail gate right their in the front yard. The neighbors are not real...
by djpeteski
Wed Dec 13, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Novel Gift Ideas for Adult Siblings
Replies: 27
Views: 2147

Re: Novel Gift Ideas for Adult Siblings

Various animal jerkey: $18 http://amzn.to/2iZXutm Totally impractical, but fun. Soap grenades: $10 http://amzn.to/2j1sMAr Again, totally impractical but fun. Stocking cap with built in bluetooth speakers: $18 http://amzn.to/2C0RNTx Great useful gift for someone in colder climates Headlamps $10 http:...
by djpeteski
Tue Dec 12, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Received promotion offer at work and trying to negotiate the pay increase portion.
Replies: 31
Views: 2452

Re: Received promotion offer at work and trying to negotiate the pay increase portion.

I am a 1 or a 2 guy in this situation.

The 1 or 2 really depends on what you value more: work life balance - or - higher pay. Only you can answer that.

So take the promotion now and start actively looking if you value the higher pay more.