Search found 257 matches

by jlcnuke
Fri Aug 18, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 34
Views: 1580

Re: Powerball - $510 million?

Question for all the folks that what to win. How do you keep you privacy at home or around town? To me it seems like people would bug you constantly. Change phone #, emails, and set appropriate restrictions on privacy for social media would be the most important. Outside of that, most of the "to do...
by jlcnuke
Fri Aug 18, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 34
Views: 1580

Re: Powerball - $510 million?

Question for all the folks that what to win. How do you keep you privacy at home or around town? To me it seems like people would bug you constantly. Change phone #, emails, and set appropriate restrictions on privacy for social media would be the most important. Outside of that, most of the "to do...
by jlcnuke
Fri Aug 18, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 34
Views: 1580

Re: Powerball - $510 million?

I spend $312 on lottery tickets every year as a matter of course ($1 for each Mega Millions drawing and $2 for each Powerball drawing). On big jackpots, I might toss another $20 or so at them for the heck of it. Of course, I took $2,500 to Vegas with me too so I don't have any problem "throwing away...
by jlcnuke
Tue Aug 15, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 102
Views: 7939

Re: When does renting make sense

So, all those rent versus buy calculator does not make any sense when you are comparing Apple versus Orange. I disagree. The New York Times rent v. buy calculator is great even when comparing apples to oranges. For example, I live in a VLCOL area. I was surprised to discover that I could buy a SFH ...
by jlcnuke
Tue Aug 15, 2017 5:39 am
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4359

Re: Best Housing To Avoid Noise

I've owned 2 houses and lived in 9. I can't recall having any kind of problem with noise from neighbors happening more than maybe once a year on average (and that's not to say it was "actually" a problem, just a time when I could have been bothered by noise such as when throwing a July 4th party or ...
by jlcnuke
Mon Aug 14, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to Pay Grad School Loans
Replies: 2
Views: 359

Re: How to Pay Grad School Loans

Have you considered working so that you can pay them off as you go? Lots of people attend school full-time and still work...
by jlcnuke
Mon Aug 14, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you manage your asset allocation like a Target Fund?
Replies: 20
Views: 1330

Re: Do you manage your asset allocation like a Target Fund?

I plan to remain close to 100% equities on my investment portfolio until probably the year I retire. I do have a pension that will cover almost 100% of my "necessities" in retirement however, so that makes me comfortable maintaining a higher risk portfolio than I would without it.
by jlcnuke
Mon Aug 14, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3222

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

feh wrote:
Mon Aug 14, 2017 11:35 am
whodidntante wrote:
Sun Aug 13, 2017 9:41 pm
I don't view % of income as good way to decide and I've never decided that way.
+1

I've never understood this type of thinking. Leads to lifestyle creep.
Nothing wrong with some lifestyle creep imo. Otherwise we'd all be living like broke teenagers...
by jlcnuke
Mon Aug 14, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 102
Views: 7939

Re: When does renting make sense

Wanna know what the "rent vs buy" calculators won't tell you? They're only good for the 1st year of renting/buying. Check out the gold standard: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html It is as accurate as you can get, based on your accuracy for predicting future in...
by jlcnuke
Mon Aug 14, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 102
Views: 7939

Re: When does renting make sense

Wanna know what the "rent vs buy" calculators won't tell you? They're only good for the 1st year of renting/buying. Let's assume they tell you that it's 10% cheaper to rent vs buy. That's great, but you're going to stay there for 40 years. Over those 40 years, the PI in your PITI will stay the same,...
by jlcnuke
Mon Aug 14, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3222

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

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to ge...
by jlcnuke
Mon Aug 14, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3530

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

If you're paying it off because you want to have it debt free - then go ahead. If you're paying it off because you're timing the market - don't bother. Oh, and for those touting the "tax savings because of the interest deduction" as a massive benefit, please explain how paying $1,000 in interest to ...
by jlcnuke
Mon Aug 14, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: buying a rental property vs investing more in stocks
Replies: 26
Views: 2705

Re: buying a rental property vs investing more in stocks

Assets Current home value is : 1.2M ( have a loan of 340k left on it at 2%) Current mortgage: 1500 a month + I put 500 towards pricipal We max out 401k - current worth of 401K is 300K Our taxable accounts have 400K in stock 100K in a savings account @ 1% 60K in a FD at 4% ( vests in early 2018) You...
by jlcnuke
Mon Aug 14, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1331

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

I don't know if you need a trust (someone more knowledgeable will come along to discuss that), but it seems to me that you need a will for sure. Your location will determine what happens to your estate should you pass without a will, and most will give all your stuff to your closest relative. As suc...
by jlcnuke
Mon Aug 14, 2017 5:46 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3222

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

I'd say it really depends on your priorities. I spend AT LEAST 10 hours each week in my car on average. That's a LOT of time to be in something I find uncomfortable or otherwise don't care for. As such, cars are one of the few things that I "splurge" on. "Car guys/gals", likewise, will spend more on...
by jlcnuke
Thu Aug 10, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a second retirement account
Replies: 2
Views: 381

Re: Setting up a second retirement account

The 401k max contribution limits are for "Across all accounts" so be sure that you don't exceed those limits. You can likely make "employer" contributions from your LLC into a 401k through that company up to the total contribution limits assuming your current employer isn't contributing enough to re...
by jlcnuke
Wed Aug 09, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Questions about the "Cash Flow" feature
Replies: 23
Views: 1809

Re: Personal Capital - Questions about the "Cash Flow" feature

Maybe stop buying things that you return for a refund and the problem will go away? Or delete both transactions if you want to use the data provided by Personal Capital for budgeting? I was kinda wondering how much stuff they're returning that it has a significant impact on their budgeting... I'd g...
by jlcnuke
Wed Aug 09, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: Time to leave our dentist??
Replies: 54
Views: 6004

Re: Time to leave our dentist??

As a person with dental problems, I can say with 100% certainty that "shopping around" is DEFINITELY in your best interest when it comes to dentists. Right now, I need significant dental work (toothache, broken tooth that needs a root canal/crown). I also have a massive phobia regarding dentists/den...
by jlcnuke
Tue Aug 08, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: What do you do when you need access to money in an investment account?
Replies: 33
Views: 2807

Re: What do you do when you need access to money in an investment account?

I sell whatever is out of balance. Sometimes I will let equity ride a bit to avoid taking a tax hit but with all the harvested losses from the down-tick in 2009, that hasn't been an issue recently. I understand the point about selling stuff that is out of balance. But your second sentence: doesn't ...
by jlcnuke
Fri Aug 04, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any website to get paid carpooling?
Replies: 12
Views: 963

Re: Any website to get paid carpooling?

I get gas cards for carpooling. www.gacommuteoptions.com

Of course, that doesn't work for people in other, less awesome, states :D
by jlcnuke
Fri Aug 04, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21068

Re: A poll: How much money do you want to retire?

40, single, and $1.8M would comfortably provide for maintaining my current lifestyle. Less if I included SS. Even less if, contrary to the instructions, I include my pension.

How much do I "want"? Tonight's Mega Millions jackpot would be nice.... :mrgreen:
by jlcnuke
Thu Jul 27, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Maintaining Credit Score without Installment Loans
Replies: 8
Views: 407

Re: Maintaining Credit Score without Installment Loans

Have a credit card (or more than one) and have a utilization rate in the 1-9% range. Then wait. When you close out a loan etc you'll get an immediate drop. It'll bounce back. Myself and others have gotten credit scores into the 800's with no active loans of any kind (just open credit cards on the c...
by jlcnuke
Thu Jul 27, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1575

Re: Help with negotiating neighbor/yard drainage costs

Your house has insufficient drainage capability and/or grading. The extend of your grading problem *could* be aggravated by his driveway change, but it's still a flaw in your house. Re-grading your yard to direct water drainage away from your house would be the first step, though you'd still be best...
by jlcnuke
Thu Jul 27, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Maintaining Credit Score without Installment Loans
Replies: 8
Views: 407

Re: Maintaining Credit Score without Installment Loans

Have a credit card (or more than one) and have a utilization rate in the 1-9% range. Then wait. When you close out a loan etc you'll get an immediate drop. It'll bounce back. Myself and others have gotten credit scores into the 800's with no active loans of any kind (just open credit cards on the cr...
by jlcnuke
Thu Jul 27, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 7935

Re: Should you wait until the due date to pay credit card balance?

I pay mine off every time I get paid (weekly). As for credit scores , I've gotten 2 new credit cards, a mortgage, and a loan in the past 10 months so my FICO score is down to 778 per Discovery... I'm going to go ahead and say that paying it off weekly isn't hurting my credit. With over $40k in credi...
by jlcnuke
Tue Jul 25, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2157

Re: Series 65 Volunteer Advising?

I just took a Series 65 class last week through Kaplan actually, and expect to sit for the test in the next week or two. You do not need sponsorship, but you would for the series 7 or Series 63/66, which most firms would want you to have. My intention is to hang out a shingle as a side hustle. I do...
by jlcnuke
Tue Jul 25, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 3814

Re: Pay yourself first.

Every week 401k and HSA contributions come out automatically from my paycheck. Every 2 weeks, planned taxable account and savings account contributions are deducted from my checking account on payday automatically. Roth payments I make manually out of my pay during weeks I get overtime until it's ma...
by jlcnuke
Mon Jul 24, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 11321

Re: What's your personal savings rate?

watchnerd wrote:
noco-hawkeye wrote:The more I read this, the more I think that the savings rate used in this thread could be improved.


I use the one the Fed government uses, specifically the Bureau of Economic Analysis (BEA):

https://bea.gov/newsreleases/national/p ... elease.htm

https://fred.stlouisfed.org/series/PSAVERT

Easier read:

https://20somethingfinance.com/personal-savings-rate/


Based on that, ~40%
by jlcnuke
Mon Jul 24, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 8284

Re: Anyone else extremely frugal?

Frugal is making intelligent decisions with regard to spending your money so as to make your spending match your priorities. Cheap is not spending as much money. Some of ya'll are just cheap... :P
by jlcnuke
Mon Jul 24, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Would you chase down this possible hit and run lead?
Replies: 31
Views: 2882

Re: Would you chase down this possible hit and run lead?

On the road for work I pulled into a parking spot at a store, the guy in the car next to me started backing out about the same time I stopped. He turned the wheel too hard and scratched my rear passenger door with his bumper. Store video surveillance shows the whole thing. Cops were called. Cops sho...
by jlcnuke
Sun Jul 23, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: 2017 Genesis
Replies: 34
Views: 3735

Re: 2017 Genesis

It's on my short list of cars to replace my Infiniti with when I finally get rid of it, and the Infiniti replaced my BMW before it. I'll be doing a few test drives of all the possibilities before deciding on a car, but that's still hopefully a few years away yet.
by jlcnuke
Fri Jul 21, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 5306

Re: Kicking the net worth habit

Not sure I understand. Net worth is calculated in one, and only one, way. We can discuss which rates to apply for DCF purposes and on the exact value of non-liquid holdings, but it ends there pretty much. Really? What way is that? Several threads a year suggest otherwise. Value of all assets minus ...
by jlcnuke
Fri Jul 21, 2017 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 5306

Re: Kicking the net worth habit

To me, net worth is a largely useless number and I'm still planning for retirement. However, as I'm not going to sell off my physical assets such as my house, bothering to come up with a value for such things to put into a net worth calculation doesn't seem to make any sense to me as I'm not plannin...
by jlcnuke
Fri Jul 21, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Chipping away at the mortgage
Replies: 38
Views: 6609

Re: Chipping away at the mortgage

If refinancing, be sure to differentiate between "no closing costs" and "no costs paid at closing". The former is rare, the latter is easy to find but just adds those costs onto the outstanding mortgage balance. Both, however, can save you a significant amount of money over a 10 ...
by jlcnuke
Thu Jul 20, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: 6K credit line too low.
Replies: 22
Views: 2266

Re: 6K credit line too low.

For ease and simplification, if none have an annual fee I'd just keep them all. Doing nothing is the simplest solution...
by jlcnuke
Thu Jul 20, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why has anyone not capitalized on this?
Replies: 10
Views: 2263

Re: Why has anyone not capitalized on this?

Who's paying for it? The school that dropped such classes because they didn't have time/money for them (such classes used to be part of the curriculum but aren't needed to pass the standardized testing these days so aren't as important)? The parents forcing their kids to attend your workshops after ...
by jlcnuke
Thu Jul 20, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Looking for some input on job offers
Replies: 7
Views: 599

Re: Looking for some input on job offers

Yeah, I'm going with B based on the info supplied.
by jlcnuke
Thu Jul 20, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 6982

Re: Those Of You In a HCOLA - What's Your Financial Plan

Those seem like low/starter salaries for a HCOL area and you said you were mid 20s so indeed you are just starting out. You can only cut expenses so much. I would focus on getting income up through any opportunities available to you (more training, job hopping, side hustles). Those opportunities ar...
by jlcnuke
Thu Jul 20, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Need help [with budget]
Replies: 4
Views: 369

Re: Need help [with budget]

$50-60/month spending cash, including dates? Damn, I don't think I managed to spend that little on fun in college back in the mid 90's... good on ya. If you can replace loan 1 with a loan at 2.75%, I would. Then I'd pay all three loans down with about 1/2 of your "extra" money each month. ...
by jlcnuke
Thu Jul 20, 2017 7:30 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 114
Views: 5649

Re: Would you let your teenager spend all his savings on a gaming computer?

I think everything I would consider a potential downside about this could be avoided with the phrase "set clear expectations/limits/rules for his use of a gaming computer". The absolute worst case scenario is he becomes addicted to computer games and plays them at the expense of his other ...
by jlcnuke
Thu Jul 20, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Approaching major milestone, need cool-headed advice
Replies: 34
Views: 4934

Re: Approaching major milestone, need cool-headed advice

A. If you generally enjoy your job, getting 3 more years worth of income, allowing your savings to continue to grow for 3 more years, and then ending up with a COLA'd pension as well as great health insurance at 65 seems like a pretty darn good deal. If you can do that part time for those 3 years, m...
by jlcnuke
Thu Jul 20, 2017 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Helping foreign nephew get settled
Replies: 11
Views: 1243

Re: Helping foreign nephew get settled

Is there a reason he needs help with this stuff, or are you just assuming he does? Most people start off with no credit history or car and manage to get both a car and a place to live when they first start off...
by jlcnuke
Fri Jul 14, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4959

Re: When to max out 401k (Aspiring Early Retiree)

I suggest you take a look at the link below from Mr. Money Mustache. Now I know some here like to nitpick certain aspects of his philosophy, but I believe the charts in this link do a great job at illustrating approximately how much you will need to save to retire early. m For example, for a 25 yea...
by jlcnuke
Fri Jul 14, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4959

Re: When to max out 401k (Aspiring Early Retiree)

While I like that blog post for the "Shock value", the truth is that the numbers in that post ignore so much of reality (tax savings, potential pensions, health care costs, social security etc etc etc) that they're practically useless. It's a rule of thumb, of course it's not going to app...
by jlcnuke
Fri Jul 14, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7221

Re: Do you consider business travel to be a perk or a burden?

I traveled 200 nights per year for 3+ years. What line of work did you do? How long was the average trip - was it a lot of time in a plane/car, or was it a lot of long stays? Please tell me you didn't have young kids at the time. Travel can be a benefit for those with kids as well. My brother works...
by jlcnuke
Fri Jul 14, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7221

Re: Do you consider business travel to be a perk or a burden?

For those of you traveling, how do you rack up points and miles? I am required to book everything with a corporate card at a business travel site. Since I don't travel a ton (maybe once a month) I will usually fly southwest since my odds of getting upgraded are nill. I rack up points and miles by n...
by jlcnuke
Fri Jul 14, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4959

Re: When to max out 401k (Aspiring Early Retiree)

I suggest you take a look at the link below from Mr. Money Mustache. Now I know some here like to nitpick certain aspects of his philosophy, but I believe the charts in this link do a great job at illustrating approximately how much you will need to save to retire early. m For example, for a 25 yea...
by jlcnuke
Fri Jul 14, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4959

Re: When to max out 401k (Aspiring Early Retiree)

The "Standard" rule of thumb for your mortgage is that PITI combined should be no more than 28% of your gross income. For you, that means a max of ~$1,773/month. With probably $300-350/month in property taxes insurance out there, you're probably looking at a max price before putting 20% do...
by jlcnuke
Thu Jul 13, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7221

Re: Do you consider business travel to be a perk or a burden?

Of course, it is a negative. It is like asking if a long commute is a perk or a burden. Also, I would say it is an uncompensated expense. As a represented employee I was compensated for "commuting", I travailed on company time. Room and board were covered, I made a few dollars on food and...
by jlcnuke
Thu Jul 13, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 21
Views: 1540

Re: PersonalCapital.com help

lol,

According to their Zillow value, my house lost a bit over 10% of it's value since yesterday...