Search found 109 matches

by jumppilot
Thu Sep 14, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Experian credit freeze by phone vs online
Replies: 9
Views: 1309

Re: Experian credit freeze by phone vs online

A little off topic, but I've had issues unfreezing my credit.

Equifax has an old address listed in my credit report that, in my opinion, prevents me from unfreezing my report.

I'll give them a call when it becomes pressing but be prepared for hassles on the back end as well.
by jumppilot
Sun Aug 20, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13625

Re: I own no international stocks. Can you guess why?

He bought an indexed annuity from his sailing buddy, who is his trusted financial "guy".

He was told it's the safest thing to do - all the upside, none of the downside.

Speaking of sailing, how is your buddy's new yacht?
by jumppilot
Thu Aug 17, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10560

Re: Anyone planning on never retiring?

552BB wrote: ↑
Wed Aug 16, 2017 10:28 pm

Will I go early. Very likely. The job is satisfying, but it can be draining at times. And you spend quite a bit of time away from home. But I will walk away with a smile on my face.

I hope you work for my airline. Getting tired of redeyes.
by jumppilot
Wed Aug 16, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.
Replies: 11
Views: 1336

Re: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.

Maybe I should pose my question differently. Does the body of work supporting the Bogle philosophy impact how you allocate investable capital? Or how are we to interpret the body of work supporting Bogle's philosophy when investing outside of public markets? Not really. I switched my retirement por...
by jumppilot
Sat Aug 12, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: $50k loan from 401k for house
Replies: 21
Views: 1618

Re: $50k loan from 401k for house

I have $200k in my 401k and we are in the process of closing a 424k house with 340k mortgage. We don't need the money to pay for the down payment. The crazy thought we have is should we each take 50k from our 401ks and knock that mortgage by and then pay that interest ourselves? Is 50k limit per ho...
by jumppilot
Thu Aug 10, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life
Replies: 23
Views: 1594

Re: Group Universal Life

I have a great GVUL product negotiated through my union. Low fees and a fixed rate fund you described.

There are good GVUL products out there - as others have said, read the fine print and ask questions.
by jumppilot
Sat Jul 29, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any pilots here? [as a career]
Replies: 38
Views: 4600

Re: Any pilots here? [as a career]

I am a 737 First Officer for a major U.S. Airline I love my job and enjoy the benefits is has. I've had Guinness in Dublin, Schweinshaxe in Berlin, Okonomiyaki in Osaka, flown over the D-Day beaches on a clear day, observed the most vivid Northern Lights I've ever seen while over Greenland on a dark...
by jumppilot
Sun Jul 09, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Unfreeze Issues
Replies: 1
Views: 341

Credit Unfreeze Issues

Hello, Recently I attempted to unfreeze my Equifax credit report but was not successful in doing so. I input all my correct information but was told I need to unfreeze it the old fashioned (snail mail) way. I checked my credit report with them and it turns out they have my address listed as one I ha...
by jumppilot
Sat Jul 01, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20168

Re: Buying house - Very important decision

I thought she was a troll too. She never has answered the question of why they can't live in a less expensive house.

OP, why not buy a $250,000 house and trade up in a few years?
by jumppilot
Wed Jun 14, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Urgently - Are we in over our heads?
Replies: 45
Views: 6562

Re: Need Advice Urgently - Are we in over our heads?

OP, Worse comes to worse, and you realize this mortgage is too much for you, you can turn the property into a rental and move to a lower cost place. Even if you're taking a modest loss on the property (rent is less than mortgage), if you're able to get anything like your current apartment you'll st...
by jumppilot
Tue Jun 13, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Urgently - Are we in over our heads?
Replies: 45
Views: 6562

Re: Need Advice Urgently - Are we in over our heads?

OP, Worse comes to worse, and you realize this mortgage is too much for you, you can turn the property into a rental and move to a lower cost place. Even if you're taking a modest loss on the property (rent is less than mortgage), if you're able to get anything like your current apartment you'll sti...
by jumppilot
Sat Jun 10, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 5339

Re: (Very) Early Retirement vs Parenthood

I'm 36 and my wife is 35, and we recently had our 2nd child. As many previous posters say, it's a lot of work, a lot of missed sleep but completely worth it. When my daughter points at me and says "da" it it makes it 100% worth it. But here's something to consider - you have $2 million and who knows...
by jumppilot
Tue May 30, 2017 5:15 am
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 3099

Re: "Security freeze" to prevent credit fraud

It is a simple process to freeze and unfreeze. Not simple for me. Equifax had me fill out a form to start the process of unfreezing, along with providing my pin. They didn't like the answers I put for my address and I was required to send all the documentation in to them. I requested a copy of my E...
by jumppilot
Thu May 25, 2017 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Dating each signature? Letter rejected by Merrill Edge
Replies: 10
Views: 1765

Re: Dating each signature? Letter rejected by Merrill Edge

I feel your frustration, OP. When I was newly married, my wife and I wanted to change her name on a mutual fund account. We had to jump through a lot of hoops - notaries, certified letters, resending info, talking to managers, etc - but ultimately the documentation and process we followed wasn't suf...
by jumppilot
Mon May 15, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5494

Re: Anyone else dial down retirement savings?

The analogy of being "house poor" rings true for me, except in this case it would be "retirement account poor." I would feel like I didn't manage my finances properly if, at age 50, I have $2 million in tax deferred accounts yet not much in any other type of investment vehicle. ...
by jumppilot
Sun May 14, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5494

Re: Anyone else dial down retirement savings?

How secure is your employment? I max out all tax deferred vehicles so if I lose employment, don't regain similar type benefits the amounts saved will have to do the heavy lifting. That was the major part of my analysis. At this point, assuming a modest rate of return, we are well on our way with ju...
by jumppilot
Sun May 14, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5494

Re: Anyone else dial down retirement savings?

Thanks for the replies, everyone. To be clear, I'm still saving for retirement. My employer contribution isn't dependent on my deferral rate, rather it's a true contribution as its a profit sharing plan. But I feel comfortable with this reduced savings. We spend about $90,000 a year, with the rest g...
by jumppilot
Sat May 13, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5494

Anyone else dial down retirement savings?

I've recently been thinking a lot about our future income needs versus what we are contributing to our retirement accounts. My wife and I contributed $45,000, which includes employer contributions, to our retirement accounts last year. Based on my financial analysis, we are saving way too much in ta...
by jumppilot
Fri Apr 28, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 14462

Re: Will cars be autonomous in three years?

I haven't read through all the replies so my apologies if this has already been discusses. I recently had the pleasure of hearing the Chairman of the NTSB give a discussion on unmanned vehicles. Ours was specific to aircraft but he did touch on cars. His opinion is completely automated vehicles are ...
by jumppilot
Sat Apr 15, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 27973

Re: Age when you started to max out your retirement accounts?

Maxed out at for the first time at 34. Now that I have two kids I may have to dial that back.

I'm thankful I put in as much as I could, when I could. Because now that life has caught up to me, even if I dial it down, I'm still on track for a wonderful retirement.
by jumppilot
Thu Mar 30, 2017 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 2179

Re: Parents paying second home's expenses, but not paying rent?

Loik098 wrote:kategrace,

There is this thread from a few years back: viewtopic.php?t=127624. I believe it attempted to answer the same question.



Wow, I just read that thread.

My head hurts, I need a drink, and I've lost all faith in humanity.
by jumppilot
Wed Mar 29, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff?
Replies: 9
Views: 1424

Re: Mortgage payoff?

At 4.85%, it's probably worth paying off the mortgage unless you are in a very high tax bracket. You will get a risk-free 4.85% return on a long-term investment, and you can't beat that without taking substantial risk. (In the 39.6% tax bracket, the after-tax rate on the mortgage would be only 2.95...
by jumppilot
Wed Mar 29, 2017 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 12063

Re: Not opting for 529... anyone else?

Two kids and I contribute $200/month per kid, plus any bonus money I get during profit sharing season. I do this because I fully expect to pay for my kids college. My parents paid for mine and it was solid gold not having loan repayments - I saw a recent FB post from a college classmate celebrating ...
by jumppilot
Mon Mar 27, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 3656

Re: Child Planning Checklist

OP,

I think the above replies about cover it.

One thing I will add is take comfort in the fact that there are 7 billion humans on this Earth and most do not go online to get baby advice.

You'll be fine.
by jumppilot
Sat Mar 11, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Worth Raising Car Insurance Deductible?
Replies: 26
Views: 1968

Re: Worth Raising Car Insurance Deductible?

I have a $100 deductable on all my cars, even my 15 year old beast. The cost difference between that and a higher deductable isn't much as all.

I don't like surprises and having to write a check for $500 or $1000 isn't worth just paying a few dollars more a month.
by jumppilot
Thu Mar 09, 2017 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2808

Re: Fincancial checklist for becoming a landlord in the future

I'm wondering too from the experienced folks, how do you determine how much cash flow makes owning the property even worthwhile? For example, my current home. Mortgage with my current 15-yr fixed is $875 incl taxes and insurance. For the sake of keeping things simple, let's say I don't extend the n...
by jumppilot
Thu Mar 09, 2017 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 4941

Re: Wedding cash gift

My wife and I had our wedding in a local public park. We rented an outdoor area for $250 and had a civil officiant perform the wedding.

The reception followed at a local restaurant's banquet room.

Total cost, all in: $9,000.

Everyone had a great time!
by jumppilot
Wed Mar 08, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 4850

Re: Are we ready to buy a house? What should our price range be?

Having bought a house in the past I couldn't afford, it is no fun to be house poor. Go into this eyes wide open. My wife and I have two kids and we currently rent. As far as family life goes, there is no difference, that I can tell, between renting and owning. Our days are still busy and our nights ...
by jumppilot
Tue Mar 07, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Traveling to Japan
Replies: 37
Views: 4353

Re: Traveling to Japan

OP,

When you're in Japan and want a laugh, try to make a menu substitution like soup instead of salad, or extra onions on your burger.

Hilarity will ensue.

And to answer your question, there is enough free wifi all around that you won't need anything else.
by jumppilot
Tue Mar 07, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2808

Re: Fincancial checklist for becoming a landlord in the future

OP, Sorry, didn't read your whole post (TL;DR in modern speak I think) but I can tell you my experience with owning two rentals. I didn't prepare at all for being a landlord. In 2004, after I bought my first townhome, I was relocated for my job. I wouldn't be able to sell my property without taking ...
by jumppilot
Mon Feb 27, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: At what point is a used car worth it
Replies: 27
Views: 3227

Re: At what point is a used car worth it

I actually haven't found that to be true, at least not with the trucks I've been looking at. I've found models with 30-50,000 miles on them only discounted a few thousand dollars. Seems it's almost a better deal to pay a couple thousand more and get the brand new car with a warranty. Just doing a v...
by jumppilot
Sun Feb 26, 2017 4:49 am
Forum: Personal Consumer Issues
Topic: At what point is a used car worth it
Replies: 27
Views: 3227

Re: At what point is a used car worth it

:beer At what point is a new car worth it? Hard to buy a new car when you can get the same car with 5,000 miles (new for all practical purposes) on it thousands cheaper. I actually haven't found that to be true, at least not with the trucks I've been looking at. I've found models with 30-50,000 mil...
by jumppilot
Mon Feb 20, 2017 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a $1 Million dollar home with all cash?
Replies: 43
Views: 6562

Re: Should we purchase a $1 Million dollar home with all cash?

I like what a previos poster suggested and would do the same - put down enough that you'd be able to cash flow if you moved and rented out your property sometime in the future. You have the best of all worlds in that scenario - a lower mortgage payment, cash in the bank, and the ability to move with...
by jumppilot
Sun Feb 12, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Requesting Advice re: Finding Tax Preparer After Burglary
Replies: 7
Views: 1175

Re: Requesting Advice re: Finding Tax Preparer After Burglary

I'm sure someone will chime in with links and references, but I don't think you have a tax situation here. You paid for insurance with after-tax dollars to provide protection for your belongings. I was in a motorcycle accident a few years ago and collected a $60,000 insurance settlement. That didn't...
by jumppilot
Thu Feb 09, 2017 7:12 am
Forum: Investing - Theory, News & General
Topic: Limit versus Stop-Limit Orders
Replies: 3
Views: 729

Re: Limit versus Stop-Limit Orders

Always use limit orders when you buy/sell stocks, regardless of the liquidity or trading volume.

With a market order you never know for certain what price you'll get.
by jumppilot
Wed Feb 08, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 40
Views: 13061

Re: WSJ Digital Subscription - a bargain!

The Economist is one of the best magazines I've ever read and gladly pay hundreds of dollars a year to subscribe. They must be doing something right.

Reminds me of a funny Onion video I once saw.

http://www.theonion.com/video/time-anno ... t-ad-17950
by jumppilot
Sat Feb 04, 2017 3:52 am
Forum: Investing - Theory, News & General
Topic: Index Investors getting a free ride
Replies: 53
Views: 6209

Re: Index Investors getting a free ride

Using riding the bus as an example, with index investing we are paying for the operating costs of the bus directly, albeit a small fare to the bus driver upon boarding the bus. With active management, we are paying a travel agent - who in turn pays the bus costs after their cut. In both example a pe...
by jumppilot
Thu Jan 26, 2017 3:43 am
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 10933

Re: Anyone moved to another state for lower cost of living?

My wife and I moved from a HCOL area to Houston back in 2012. Our money went further and we bought a large, new construction house in a good neighborhood for $240,000. We thought we hit the jackpot. After a couple years we started to see the downside of Houston. It's super hot in the summer and it t...
by jumppilot
Wed Jan 25, 2017 2:41 am
Forum: Personal Consumer Issues
Topic: Have credit card payment verification numbers ever been useful?
Replies: 16
Views: 1897

Re: Have credit card payment verification numbers ever been useful?

Payment showing on my CC account is enough confirmation for me. I either paid them or didn't.
by jumppilot
Wed Jan 25, 2017 1:55 am
Forum: Personal Consumer Issues
Topic: iPhone: Are Apple Maps as good as Google Maps?
Replies: 30
Views: 3638

Re: iPhone: Are Apple Maps as good as Google Maps?

I've noticed Apple Maps uses old sattelite data. For example, my neighborhood grocery store, which was built 3 years ago, still shows as an empty lot on Apple Maps whereas on Google Maps my neighbor's pool, which was put in 6 months ago, shows up. Don't know why that is. But yes, I use Google Maps o...
by jumppilot
Tue Jan 24, 2017 10:41 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 41
Views: 6159

Re: Biting the bullet and getting off the roof.

Any gutter company in town will be able to clean your gutters for you. I pay a local place $150 a year to come out and clean them. The crew usually consists of late teen/20 something young guys who are still bullet proof. If I fell off a roof, my career could potentially be over. See the previous po...
by jumppilot
Mon Jan 16, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Saving rater after becoming father
Replies: 27
Views: 2808

Re: Saving rater after becoming father

I heard some advice about parenthood that stuck with me - save for future bills you know are coming. My wife and I have two kids who are under 2 and we are saving $200 a month in a dedicated savings account for things like braces, soccer camp, after school activities etc. even though those expenses ...
by jumppilot
Mon Jan 02, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Almost made it through another year without breaking a rule- but then, we learned to Scuba
Replies: 31
Views: 2995

Re: Almost made it through another year without breaking a rule- but then, we learned to Scuba

PADI Instructor here - I have about $5,000 worth of gear in my dive locker. It's my vice these days.

Sorry, OP. It can be worse than crack, and it's socially acceptable!
by jumppilot
Mon Jan 02, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Car for Teen next year...new vs used?
Replies: 50
Views: 4025

Re: Car for Teen next year...new vs used?

I'm not at your stage yet but I know what you mean on the price of new vs used. The economics just aren't there for a small price differential, unless $3,000-5,000 breaks the bank. If I were in your shoes I'd buy the new car, especially for my daughter. I'd want her to be in the most reliable car I ...
by jumppilot
Sun Jan 01, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a married child with first home
Replies: 56
Views: 4455

Re: Helping a married child with first home

OP, I'm in a similar position as your daughter and SIL, married with a young child and one on the way. I'd be hesitant to accept a gift from either of our parents for such a large purchase, especially as I was getting started. I'd feel we owed them something and would feel guilty for not having made...
by jumppilot
Tue Dec 27, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 14805

Re: I'll never save a 20% down payment. Rent for life?

I was not expecting such a vibrant discussion. I've read all replies and questions. And lastly - regarding wife working/childcare: My wife was a private school elementary teacher who finished her RN right when we got married. She started the RN before she ever knew she'd land such a great husband, ...
by jumppilot
Sat Nov 19, 2016 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Glass Window Security Film and home security...
Replies: 8
Views: 1489

Re: Glass Window Security Film and home security...

I had it installed. House down the street was broken into by a baseball bat to the big bathroom window common in our development.

Had it done professionally - found the installers on the 3M website.

Really nothing to it. It truly is just a film placed on your windows.
by jumppilot
Fri Nov 04, 2016 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 6030

Re: Pension Decisions

I'd take the lump sum every time. But maybe I'm just jaded since my industry hasn't been kind to pensions. I'd do the math and comparisons, but vast majority of cases I've come across (not too many), it's been a wash or the company was trying to buy out cheap, so the annuity was worth more. That is...
by jumppilot
Thu Nov 03, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Decisions
Replies: 36
Views: 6030

Re: Pension Decisions

I'd take the lump sum every time. But maybe I'm just jaded since my industry hasn't been kind to pensions.