Search found 1053 matches

by guitarguy
Fri Jan 22, 2016 1:14 pm
Forum: Personal Consumer Issues
Topic: 2 Days in Toronto (& Hilton Rewards Amex info)
Replies: 3
Views: 246

Re: 2 Days in Toronto (& Hilton Rewards Amex info)

Thanks for all the details! Looks like we've got a lot to look over!

Also, we're set with passports.
by guitarguy
Fri Jan 22, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Closing Tomorrow - Payoff Discrepancy?
Replies: 13
Views: 1559

Re: Closing Tomorrow - Payoff Discrepancy?

Obviously didn't say it properly by not specifying which month (thought it was clear). If OP closes on October 2nd and the old lender required October payment at closing, he has 30 days of interest coming to him as a refund. If he closes on 9/30, he shouldn't pay the October P&I at all so no re...
by guitarguy
Fri Jan 22, 2016 7:42 am
Forum: Personal Consumer Issues
Topic: 2 Days in Toronto (& Hilton Rewards Amex info)
Replies: 3
Views: 246

2 Days in Toronto (& Hilton Rewards Amex info)

Hi All! Wife and I are taking a short vacation in Jul to Toronto. We decided to stay at the Hilton in downtown...and their offer for a Hilton Rewards Amex suckered me in...$0 annual fee...and for signing up and spending $750 we get a $50 statement credit and enough reward points to get one of our 2 ...
by guitarguy
Wed Jan 06, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 113
Views: 9724

Re: profitable hobby?

laughing my ass off from the stage at people's ridiculous dance moves That might be me. And me too. And if I was out on the floor filled with liquid courage...me too. But honestly...that's the beauty of it for me. Some might just think ya it's just a cover band or whatever but it's actually very sa...
by guitarguy
Tue Jan 05, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 113
Views: 9724

Re: profitable hobby?

Picked up guitar in college 10 years ago, started a band with a friend I've known since middle school, played LOTS of dumpy dive bars for no money, built the band up a bit, now pull in about $15k per year net profit performing 3-5 times per month. There are some headaches from time to time and it's ...
by guitarguy
Tue Jan 05, 2016 1:07 pm
Forum: Personal Consumer Issues
Topic: How do you have fun?
Replies: 73
Views: 5168

Re: How do you have fun?

My weekends are busy as I'm a working musician "on the side"...playing in and managing a band that performs at weddings, corporate events, bars/nightclubs, etc. That eats up 4-5 Friday/Saturday nights per month for me, and more time on top of that for arranging songs and rehearsing, updati...
by guitarguy
Sat Oct 03, 2015 3:19 pm
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Re: Pseudo Finished Basement Heating

I have one like this; different color but same kind of design. http://www.lowes.com/pd_149370-61993-MD300TGA_0__?productId=3642918 The 30,000 BTU is more than enough for my full basement. I can blow everyone out with heat down there if I left it turned on high. The "thermostat" on the top...
by guitarguy
Fri Oct 02, 2015 10:17 pm
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Re: Pseudo Finished Basement Heating

I live in Grand Rapids. I use a ventless gas heater that mounts on the wall in an inconspicuous spot close to a natural gas pipe that I hooked it up to. It works great. It's got an adjustable thermostat on it so you can have it kick on/off at different temps. It takes a little trial and error to ge...
by guitarguy
Fri Oct 02, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Re: Pseudo Finished Basement Heating

You could consider in-floor heating, the type that consists of wires in a mat, laid under tile. It's easy to do, and retains heat for a while even after it's off. You can set it to 65 and still be pretty comfortable. I've used it in bathrooms, and it's well worth the trouble, IMO. This would be my ...
by guitarguy
Fri Oct 02, 2015 11:13 am
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Re: Pseudo Finished Basement Heating

I live in Grand Rapids. I use a ventless gas heater that mounts on the wall in an inconspicuous spot close to a natural gas pipe that I hooked it up to. It works great. It's got an adjustable thermostat on it so you can have it kick on/off at different temps. It takes a little trial and error to ge...
by guitarguy
Fri Oct 02, 2015 11:11 am
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Re: Pseudo Finished Basement Heating

If you have concrete block walls, have you considered insulating the walls / rim joists as part of this project? In Michigan, there's likely eventual payback by reducing home heating costs, and would reduce the need for new heat in the basement. Dow Thermax White Face is in insulation product that ...
by guitarguy
Fri Oct 02, 2015 9:31 am
Forum: Personal Consumer Issues
Topic: Pseudo Finished Basement Heating
Replies: 23
Views: 1231

Pseudo Finished Basement Heating

Hi Everyone, We have an unfinished basement that we decided to pseudo-finish...spray painted the ceiling with all the wires and piping and everything black which looks really cool actually...and going to re-paint the concrete block walls and epoxy coat the floor. Throw down some area rugs and add a ...
by guitarguy
Thu Sep 24, 2015 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Closing Tomorrow - Payoff Discrepancy?
Replies: 13
Views: 1559

Re: Closing Tomorrow - Payoff Discrepancy?

I got to the root of it. Because it's an FHA loan they're asking for another full month's interest and MIP payment in case the loan doesn't clear on the 30th and goes over to the 1st. This is after I was specifically told in writing (it was just an email...but still) that if I closed this week they ...
by guitarguy
Thu Sep 24, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Closing Tomorrow - Payoff Discrepancy?
Replies: 13
Views: 1559

Re: Closing Tomorrow - Payoff Discrepancy?

I'm thinking it's fees. Recording fees, documentation fees, payoff quotes sent to the title company, etc. Have you called the lender to get more info on the breakdown? All the fees for the title company, the loan origination fees, appraisal, etc are ALL line by line items that are excluded from thi...
by guitarguy
Thu Sep 24, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Closing Tomorrow - Payoff Discrepancy?
Replies: 13
Views: 1559

Closing Tomorrow - Payoff Discrepancy?

I've asked this same question to my title company, but I'm hoping you all can help me shed some light on this also. My current mortgage balance is 84,467.97, and on my HUD it says the payoff amount is $85,279.81. Can someone help explain this to me? I'm aware I should be paying all the interest that...
by guitarguy
Tue Sep 01, 2015 12:18 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 29224

Re: What are Costco's best deals?

Do you know if that means that Costco will no longer accept Amex in general? Or they're just doing away with their Costco Amex? If they stop accepting Amex altogether that will suck! :annoyed From what I have read, Costco will change from Amex to a Citi Visa. When that takes effect, they will no lo...
by guitarguy
Tue Sep 01, 2015 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans and my house
Replies: 12
Views: 1347

Re: Student Loans and my house

Many Bogleheads are so reflexively financially defensive in regards to marriage I have no idea how any of you are married at all. Keep bank accounts separate, this is my money that's yours. Keeps loans separate. That's your debt I want nothing to do with it. Sign a paper saying this is my house no ...
by guitarguy
Tue Sep 01, 2015 11:18 am
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 29224

Re: What are Costco's best deals?

Gas with Amex CC which is going away at end of calendar year What exactly is going away at the end of the year? I think he means Amex. Costco is switching to Citibank for their credit cards starting in April and all of the Costco Amex cards will be closed. I'm pretty ticked about it because switchi...
by guitarguy
Mon Aug 31, 2015 12:08 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 245
Views: 29224

Re: What are Costco's best deals?

carolinaman wrote:Gas with Amex CC which is going away at end of calendar year


What exactly is going away at the end of the year?
by guitarguy
Fri Aug 28, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 1008

Re: Emergency fund or debt?

The majority of the non-auto debt is house maintenance (paint, windows, pool issues, garage door, etc). Since, we have no emergency fund or buffer, anytime something big crops up, it goes on credit. p.s. I will never buy a 40+ year old house again. Those don't all sound like emergencies...just sayi...
by guitarguy
Mon Aug 24, 2015 11:24 am
Forum: Personal Consumer Issues
Topic: Ways to reduce basement humidity
Replies: 20
Views: 1916

Re: Ways to reduce basement humidity

I have two 70 pint dehumidifiers in my 1,800 SF basement. I set one to 55% humidity, the other to 50%. The one set to 55% only tends to come on during the hottest, most humid summer days. These drain into my sump pit, so no water to empty. Ralph This is the way to go. My basement only needs 1 dehum...
by guitarguy
Fri Aug 21, 2015 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Update: Pay Mortgage or Pay Student Loans
Replies: 45
Views: 4480

Re: Prepping to sell home: Pay Mortgage or Pay Student Loans

1. Do not sell the house. You seem to like everything about it, moving is expensive, and you wouldn't save much shopping for a house that isn't much cheaper. And I wouldn't bank on real estate markets. 2. Adjust your withholding ($7k return is way high, and this is coming from someone that likes to ...
by guitarguy
Tue Aug 18, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: High Deductible Health Plan Question
Replies: 12
Views: 1392

Re: High Deductible Health Plan Question

When looking at a high deductible health plan also remember that you may have to pay the limits twice in something happens like you are in a bad accident in December and still getting significant treatments in January. Yep...this is the same case with a $3k deductible and baby due at the end of Jan...
by guitarguy
Thu Aug 13, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5786

Re: 5 Finance Myths Millennials Should Avoid

I disagree with the idea that using credit card rewards for everyday purposes is a good way to save money. The banks don't do this to be nice, they do it because they understand human behavior, and know they will make more by getting you the consumer to spend more. They offer a financial reward to ...
by guitarguy
Wed Aug 12, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5786

Re: 5 Finance Myths Millennials Should Avoid

Im curious what you found that was so bad in this article. Not much of it goes into numbers - so everything is "it depends..." I didn't find the advice terrible though. Here's what I saw: 1. It says you can have credit cards, so long as you pay off your bill every month. It's a bit wishy-...
by guitarguy
Tue Aug 11, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 777

Re: Perfect Time to Convert 401k to Roth IRA?

Re: Tax in Retirement: I'm not sure! How do you estimate this? I mean...my income will (hopefully) continue to increase over the years...and wife wants to go back to school & then work down the line when kids are grown...so it very well could be higher. Higher at retirement is not relevant. Hig...
by guitarguy
Tue Aug 11, 2015 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 777

Re: Perfect Time to Convert 401k to Roth IRA?

UPDATE: Hi all, I looked at my taxable income numbers for the last couple of years; it looks like this: 2013: $65,317 2014: $72,692 2015: will be higher due to starting new job in May 2014 - first full year in new position - irrelevant to conversion but just FYI. Maxed HSA and upp'd 401k contributio...
by guitarguy
Sun Aug 09, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

Do you have bad credit? Why aren't you getting market rates? Not sure if this is trolling or what...but I have excellent credit and the rate I'm getting is below market rate, even before I pay 1/4 of a point to shave the rate down below 3%. apologies, I was looking at your previous rates. They look...
by guitarguy
Sun Aug 09, 2015 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

Deleted: duplicate post
by guitarguy
Fri Aug 07, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Hello! Feeling lost. Finance advice for a newcomer?
Replies: 17
Views: 1785

Re: Hello! Feeling lost. Finance advice for a newcomer?

The simple answer is that you need invest in paying off your debt before you do anything else. Sorry to be blunt but I suggest you and your fiance pay most of her debt off before you get married. Note that once you get married you also marry that $300k plus of your wife's debt. And divorce won't ch...
by guitarguy
Fri Aug 07, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: General Finance Strategies for Upper Middle Class
Replies: 33
Views: 5568

Re: General Finance Strategies for Upper Middle Class

This might be uncomfortable or even painful to contemplate, but FWIW kids are one of the biggest expenses. Wonderful as they are, raising kids and sending them to college costs amazing amounts of money. I've forgotten the exact numbers, but IIRC it's something like a couple of hundred thousand doll...
by guitarguy
Fri Aug 07, 2015 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 13
Views: 2175

Re: Vanguard Admiral Shares

Not to hijack the thread, but I've always wondered about something related to this: If you switch from investor to admiral shares with a balance that's only a bit over $10k, and the fund's value happens to go back below $10k (where $10k is the minimum investment for admiral shares), how do they hand...
by guitarguy
Fri Aug 07, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What kind of receipts should be saved for HSA account?
Replies: 20
Views: 1341

Re: What kind of receipts should be saved for HSA account?

We swipe our HSA debit when we pay bills from doc offices, etc. I usually call and pay over the phone, and then save the statement/invoice/receipt/etc....whatever documentation is available...in a file folder. I would think this would be more than enough documentation for an audit. EOBs are all avai...
by guitarguy
Fri Aug 07, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: General Finance Strategies for Upper Middle Class
Replies: 33
Views: 5568

General Finance Strategies for Upper Middle Class

Another spinoff thread here...the "life insurance strategies for upper middle class" thread got me thinking... Are there any other tips/advice/strategies that could benefit us upper middle class folks that do well but are far from being as wealthy as many other Bogleheads? Sure, there is a...
by guitarguy
Thu Aug 06, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

I'm pretty confident this is a good decision! :D Agreed. Here's another gee-whiz table, with $3500 closing costs rolled in -- or not. roll in closing costs balance rate months pmt(P&I) tot paid interest savings keep current mtg $84,000 5.125% 228.3 $576.71 $131,673 $47,673 refi & roll in co...
by guitarguy
Thu Aug 06, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

clutchied wrote:Do you have bad credit? Why aren't you getting market rates?


Not sure if this is trolling or what...but I have excellent credit and the rate I'm getting is below market rate, even before I pay 1/4 of a point to shave the rate down below 3%.
by guitarguy
Thu Aug 06, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

Thanks very much for running some numbers! Our refi would be at 180 months though. And our current payment (P&I only) is $576.61. Not sure what the disconnect is there. You said the original balance was $105,900 at 5.125% and I originally calcualated that the payment for that for 360 months is ...
by guitarguy
Thu Aug 06, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

If you're paying extra on the mortgage now, you need to compare the extra payment on the principal alone, not the total payment including escrow. So if you're paying $1000 per month, we need to subtract the escrow from that. Meanwhile here's a preliminary look while I test making the columns line u...
by guitarguy
Thu Aug 06, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

We plan to stay in the house another 6-10 years The refinance costs might be lower if you used the PenFed 5/5 ARM if that is not what you were looking at. Another option to look at would be to get a home equity loan to pay off the mortgage. The cost to take out the loan should be a lot less but the...
by guitarguy
Wed Aug 05, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

Well...I've contact 2 mortgage companies...one we used for our first refi way back when, and PenFed. Both companies closing costs are $2600 or so which seemed high (!!!) to me. PenFed's rate is a pretty nice 3.0% though, much better than the other. I'd be reducing my interest rate by over 2% here. B...
by guitarguy
Wed Aug 05, 2015 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

IMO it makes sense to refinance if for exactly the same amount of money out of pocket at closing and in monthly payments, you will see a significant improvement in your net worth (in the form of reduced debt) by the time you either sell the home or have it paid off. If the savings in interest do no...
by guitarguy
Wed Aug 05, 2015 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Re: Possible to refi out of FHA loan?

On a $84k outstanding balance, you're paying annual interest of $4300. Cutting the rate down to 4% (approximately the market rate), would result in annual interest expense of about $3400, so you would save about $80 a month. A 15 year mortgage payment would be roughly $600 a month plus taxes and in...
by guitarguy
Wed Aug 05, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Possible to refi out of FHA loan?
Replies: 21
Views: 1117

Possible to refi out of FHA loan?

Here is our situation: Bought originally in 2008 for $106k @ 30yr-6.25% on an FHA loan with 3% down (I know :oops: but it was before I found Bogleheads!) Refi'd in 2009 for $105900 @ 30yr-5.125% with an FHA streamline refi. Since then the market has shot up pretty significantly in our area. Here is ...
by guitarguy
Wed Aug 05, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Definition of "Success", Investing or Otherwise?
Replies: 16
Views: 1707

Re: What's Your Definition of "Success", Investing or Otherwise?

Set a goal. Achieve said goal.

Simple as that for me.
by guitarguy
Wed Aug 05, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 306
Views: 66132

Re: Share your networth progression

I was going to start a new thread to share this...but here is as good a spot as any! Very excited that our portfolio just hit 6 figures last month. I know it's a small accomplishment, and it's only loosely related to this thread, but it was still pretty damn exciting for us to see the number actuall...
by guitarguy
Tue Aug 04, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 777

Re: Perfect Time to Convert 401k to Roth IRA?

What is your marginal tax rate (federal and state) in 2015? 2016? What is it expected to be in the next few years and in retirement? How much is the approx conversion amount? Are you close to the bottom of a tax bracket or close to the top, without the conversion? In general, for most people, conve...
by guitarguy
Tue Aug 04, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 777

Re: Perfect Time to Convert 401k to Roth IRA?

I'm assuming that even though she's (tentatively) not leaving the company, this change in circumstance and no longer being 401k eligible will allow for such a rollover. I am no expert but I would question that assumption. I would expect that for the first few months she would be out on FMLA (family...
by guitarguy
Tue Aug 04, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 9
Views: 777

Perfect Time to Convert 401k to Roth IRA?

Hello all, In January, we will be having our first baby! :D :D Wife is planning to take 3 months maternity leave (all unpaid) and then either not return to work, or (what I think she'll end up doing) return to work 1-2 days a week. Regardless, 2016 will be the lowest income year we've seen in a whil...
by guitarguy
Thu Jul 30, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1454

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due d...
by guitarguy
Thu Jul 30, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2740

Re: Which debt to work on next?

Enjoy a sweet vacation.

Then the school loan.

But that's just me. :beer

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