Search found 13 matches

by kmox
Wed Sep 13, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

But since you don't have a large lump sum (I misread your initial post to mean you had $150k available), this may be moot.
Ah yes, I see the confusion now. We do have $150k saved, but it is in tax-deferred accounts, not simply saved in savings acct. So, that would be untouchable.
by kmox
Wed Sep 13, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

If you want to keep the property, consider recasting the mortgage (i.e. paying off the principal but keeping the same interest rate/loan terms) down to a point where your monthly rent exceeds the monthly mortgage price plus some safety buffer. That way, what is currently a cash-flow drain is, at mi...
by kmox
Wed Sep 13, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

Getting back into this topic, because I see there has been some mis-reading of my original post. We do not have $150k sitting in a bank account. That's our gross pay this year, and doesn't take into account all of our other expenses (rent, daycare, food, insurance, etc). We are currently maxing out ...
by kmox
Wed Sep 13, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Electric car in evacuation situation
Replies: 61
Views: 3891

Re: Electric car in evacuation situation

Interesting topic, because my wife and I, whose only car is an EV, had this exact conversation when Irma hit. My response was, with the caveat that if we were living in FL (we dont'), I would put the car on Amtrak's auto train and take a ride north to DC. In PA, where we do live, it is a little bit ...
by kmox
Tue Aug 29, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: 457 Deferred Comp w/ Self-directed Option
Replies: 6
Views: 508

Re: 457 Deferred Comp w/ Self-directed Option

Yes, keep in mind that this is for government employees (457b plan), so the fees may be different than those through their normal plan. Also, the plan is run through Empower Retirement, a subsidiary of Great West: https://www.empower-retirement.com/about/index.shtml
by kmox
Tue Aug 29, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: 457 Deferred Comp w/ Self-directed Option
Replies: 6
Views: 508

Re: 457 Deferred Comp w/ Self-directed Option

Sorry, I should have added that the annual asset fee is 0.07% across the board, with an annual administrative fee of $24.
by kmox
Tue Aug 29, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: 457 Deferred Comp w/ Self-directed Option
Replies: 6
Views: 508

457 Deferred Comp w/ Self-directed Option

I need a little help in figuring this out: my state employer offers a 457 deferred comp plan through Great West Financial with an option to select self-directed funds through Schwab. Great West offers index funds with very low expense ratios. For example: Great West has a US Large Company Stock Inde...
by kmox
Mon Jul 17, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

Thanks for the wiki link.

Also, we currently don't have six months emergency savings (for the reason specified above), but maybe only a few months at most.
by kmox
Mon Jul 17, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

Good point, and I have thought of that--selling the property. However, the house is currently valued at $80k (according to Zillow based on surrounding comps). We receive about $950 in rental income with $90/mo going to property management (it is too far from us to manage ourselves). So, if we sold i...
by kmox
Mon Jul 17, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Re: Paying off debt vs. max savings

We currently rent ($1210/mo) with no plans to buy. At this point in our life, we have already owned two homes (sold one), and don't see the value in owning any more (personal preference). We expect to be living overseas in about 15yrs and don't want to tie up our savings in an illiquid asset.
by kmox
Mon Jul 17, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5585

Paying off debt vs. max savings

Hi everyone: I'm a long-time reader and find many of the posts very inspirational, but I have hardly ever posted anything. So here goes, our situation that I'd like feedback on from the greater community... Both me and my DW now have fairly stable jobs with a pretty high rate of income (combined +/-...
by kmox
Tue Apr 04, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Temp Commute/Pennsylvania to DC
Replies: 23
Views: 2052

Re: Temp Commute/Pennsylvania to DC

Amtrak doesn't go to Scranton, and driving anywhere from Scranton to the nearest Amtrak station would take approximately 3-4 hours (closest would be 30th St. in Philly). And, then you would still have another 2hr train trip, and another 15 minute Metro commute from Union Station to near the White Ho...
by kmox
Wed Dec 28, 2016 7:15 am
Forum: Personal Consumer Issues
Topic: France or Switzerland
Replies: 52
Views: 5746

Re: France or Switzerland

Vox has a vacation index, which I've found very useful: http://www.vox.com/a/vacation-index. It shows that France and Switzerland are about equal in terms of value.