Search found 540 matches

by mortfree
Mon Sep 11, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: "Luxury" Vinyl vs Laminate flooring?
Replies: 35
Views: 2657

Re: "Luxury" Vinyl vs Laminate flooring?

We've had the Karndean Art Select line of glue down LVP in the kitchen, dining room and bed room for about 3 years now and it still looks like new. We had carpet installed in the living room at the same time and it already looks worn, we will be replacing it with LVP next year. I was worried that t...
by mortfree
Wed Sep 06, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and $10,000 to invest
Replies: 5
Views: 638

Re: Portfolio Review and $10,000 to invest

January 2018 is right around the corner...

did you want to just hold some of the cash until you can contribute to the 2018 IRA in one lump sum to max it out?
by mortfree
Fri Aug 25, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 24
Views: 2689

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

I would do escrow on your own.

why send 700+ to have someone else hold your money?

You probably have savings to cover the escrow part anyways.

Imagine taking that 700 and "saving" it rather than being forced to pay it each month.
by mortfree
Tue Aug 08, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 3040

Re: Should I Buy a New Car?

As others have said, with your high annual mileage, new cars just don't make sense . If your Camry has been reliable--and it sounds like it has--I'd keep it until it isn't. Regular maintenance is not a sign of impending doom, it's just the cost of driving a car. would you rather replace a car every...
by mortfree
Tue Aug 08, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 3040

Re: Should I Buy a New Car?

I have a 2010 Toyota Camry V6 with 95K miles. It needs new brakes, the 100k tune up (timing belt, etc.) and new tires. My estimate for costs for these things where I reside is about $1700-2000. I primarily use this vehicle to commute to work daily. I drive about 80 miles a day. The MPG I get with t...
by mortfree
Mon Jul 31, 2017 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Need Help on Vehicle Situation/Another Car Purchase Question
Replies: 20
Views: 1598

Re: Need Help on Vehicle Situation/Another Car Purchase Question

Get a car loan. The rate should be lower than the credit cards.

Then pay down the cc with the cash.

Build up that emergency fund!

I know bogleheads - buying a car without cash is a bad thing.
by mortfree
Sat Jul 29, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1072

Re: Escrow surplus - toward escrow or principal?

Don't escrow at all DYI I believe it's a requirement with Citi, but I might be completely wrong - I'll have to check! May I ask why you recommend so? Easier overall? I think you may need to be at 20% or greater in equity. Less of a headache not having to deal with the lender. No forced monthly paym...
by mortfree
Fri Jul 28, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1801

Re: target retirement in taxable?

Optimal taxable account is the 3 Fund Porfolio - Total Stock Market Index, Total International Stock Index and depending on your tax bracket - either Total Bond Market Index or Intermediate Tax Exempt fund. 25% tax bracket: Is there a certain dollar amount of a bond fund in a taxable account where ...
by mortfree
Fri Jul 28, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6292

Re: Can I afford it ?

I'd suggest 2 things: first - dont buy a brand new car, go for 1-3 yrs old to save 20-30% (I always make sure to have the bumper-bumper still under warranty) second - negotiate the final price, new, used, whatever, then bring out your CC to pay, not cash. they will tell you "no we dont accept over ...
by mortfree
Fri Jul 28, 2017 2:18 am
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 67
Views: 6581

Re: Free Reading

rgs92 wrote:Do brick-and-mortar libraries have a useful purpose anymore? Are they worth the public funds they cost? Just asking.
Libraries in my area also have programs/activities for kids to participate in.

So it's more than a building with books in the shelves.
by mortfree
Thu Jul 27, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: Anybody with substantial gains in FANG stocks ?
Replies: 22
Views: 2042

Re: Anybody with substantial gains in FANG stocks ?

Apple
Taxable: +233%
Roth: +41%

Google:
Taxable: +402% (GOOG),
+408% (GOOGL)

not 100k gains, but all relative to what you put into the initial investment.
by mortfree
Thu Jul 27, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Where to build up equities? VTI/SPY/VT/other
Replies: 2
Views: 196

Re: Where to build up equities? VTI/SPY/VT/other

I'm doing VTI now in my taxable - no rhyme or reason other than what I've read on this site.

I've also seen the international (VXUS) recommended in taxable for tax purposes, but I haven't ventured into that. I think you get a foreign tax credit or something come tax return time (not even sure)
by mortfree
Thu Jul 27, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8409

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

I know that my credit card ends on the 19th of the month. I log in the next day, apply my rewards to the ending balance, then typically pay off the remainder that same day. I do similar for my car loans - as soon as the next payment is due, I pay it. credit score: 846 I think I lost 4 points for not...
by mortfree
Mon Jul 24, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Company Vehicle - What would you do?
Replies: 23
Views: 1311

Re: Company Vehicle - What would you do?

What year is the car? How many miles on it? Honda? I would go on kbb dot com and complete the form to get a cash offer. See what they will give you. Either way you probably just lost 10k on the car. I know someone who was in same situation, sold personal car then a year later moved to a different gr...
by mortfree
Sun Jul 23, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA Investment Selections
Replies: 1
Views: 170

Re: Help with Roth IRA Investment Selections

1. Lifestrategy fund, balanced index fund, wellesley, wellington
by mortfree
Sun Jul 23, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: $1,000 for taxable 3-5 year outlook
Replies: 11
Views: 1279

Re: $1,000 for taxable 3-5 year outlook

Buy ETFs.

Are you ready to fund your 2018 Roth?
by mortfree
Sun Jul 23, 2017 2:46 am
Forum: Personal Consumer Issues
Topic: help with a new cell phone strategy
Replies: 8
Views: 1262

Re: help with a new cell phone strategy

Virgin mobile or boost mobile. Both use the sprint network.

Service I have with virgin is $33.45 per month per phone. For comparison purposes to the sprint pricing.
by mortfree
Sat Jul 22, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2315

Re: Does anyone set portfolio goals and rewards?

I don't. I'm in the accumulation phase and won't count my chickens before they hatch. For instance, What happens when you reach a goal one day then the next day you drop below again? And so on... if you have been monitoring and acting accordingly you would have enough non-volatile assets that the g...
by mortfree
Fri Jul 21, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Debt: pay down student loan or car loan
Replies: 11
Views: 803

Re: Debt: pay down student loan or car loan

Based on info provided the student loan would be a no brainer for me.

Do you have a mortgage?

Do you have/need cash savings?
by mortfree
Fri Jul 21, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 8584

Re: Anyone else extremely frugal?

I am selectively frugal. For instance I will not hesitate to buy a new big screen tv or put a few thousand down on a car, but will greatly debate whether to buy small things like new sneakers, clothes, etc. because those small purchases add up quickly and I'd rather be in a position to buy the bigge...
by mortfree
Fri Jul 21, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2315

Re: Does anyone set portfolio goals and rewards?

I don't. I'm in the accumulation phase and won't count my chickens before they hatch.

For instance, What happens when you reach a goal one day then the next day you drop below again? And so on...


PPG: powered paragliding
by mortfree
Fri Jul 21, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Am I getting good advice - replace the AC, not the 21 year old furnace
Replies: 33
Views: 2852

Re: Am I getting good advice - replace the AC, not the 21 year old furnace

If you're not moving out soon I would replace both like others have mentioned. Try to get 0% financing if that is your thing (and available). I imagine there is savings in labor by doing both. I would also like to have the furnace and AC "paired" from the start and get a new thermostat if your curre...
by mortfree
Thu Jul 20, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should you tell your employers your age if you look too young?
Replies: 14
Views: 1316

Re: Should you tell your employers your age if you look too young?

If your resume said that you graduated from college (undergrad) in a certain year, the employer can guess that you were 22 years old at that time.

Then do the rest of the math.

*simultaneous posting of the one above
by mortfree
Wed Jul 19, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Indoor activities for a 3-year-old
Replies: 61
Views: 3134

Re: Indoor activities for a 3-year-old

- Chuck E Cheese
- Local public museum - ours usually have displays for kids (thomas, curious George, ninja turtles,etc)
- Bowling
by mortfree
Tue Jul 18, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 2365

Re: Eliminate 0% CC balance?

How long have you had this 0% offer? What was the original balance? Trying to understand if you actually used this for leverage. And to figure out if 0% financing is something you should avoid in the future if you get impatient too quick. Simple answer is pay it off. Either all 6k, two 3k payments o...
by mortfree
Tue Jul 18, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2155

Re: Advice Needed - Investing, Saving, Debt reduction

beef up your retirement contributions to the max that you can. I'm 40, make half of what you do, but I alone have a 401k with around 340,000 and some Roth money. for perspective. what does that 6% restriction allow you to contribute - not the max of 18k right? (quick math in my head says 12k max?). ...
by mortfree
Tue Jul 18, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5583

Re: Paying off debt vs. max savings

But if you are earning 6% returns in the market, and you have a student loan debt of 2.5%, assuming that's fixed, why pay that off sooner? How do you get burned on a student loan debt with a low fixed rate? If you have 2x the amount of the loan in liquidity, even a job loss should not prevent you f...
by mortfree
Mon Jul 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need clarification after reading Boglehead page on reinvesting taxable dividends or not
Replies: 10
Views: 855

Re: Need clarification after reading Boglehead page on reinvesting taxable dividends or not

other reasons for dividend handling in a taxable account: - it makes tax loss harvesting easier if you don't have partial shares/lots (livesoft way). - taking dividend in cash also allows you to adjust your AA by using the dividends towards other fund purchases. I recently turned off auto reinvest o...
by mortfree
Mon Jul 17, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: In my 30s with extra 30K - Opinion about portfolio
Replies: 11
Views: 1124

Re: In my 30s with extra 30K - Opinion about portfolio

to the caution on 100% stocks...

the OP has 80k in cash.

Being advised to invest in VTI/VXUS and has allotted 30k for that investment... then there's still 50k in cash to fall back on.

If stocks drop 50%, OP is temporarily left with 15k invested, 50k in cash.

I think they'll be ok.
by mortfree
Mon Jul 17, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Humid basement
Replies: 39
Views: 2799

Re: Humid basement

are there AC supply and return ducts in the basement that feed the upstairs?

If so, you should be able to tap into them for a supply and return.

Not sure if that will fix the humidity issue, but it would get cold air to the basement.

Have you had a HVAC tech out to the house?
by mortfree
Mon Jul 17, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: To 529 or not for better Financial Aid
Replies: 17
Views: 1313

Re: To 529 or not for better Financial Aid

I thought 529 money was excluded from financial aid determination? the best thing you can do for your kids is to get your life/retirement in order - you can't take loans out for that, but you can for education. so figure out if it's best to max your retirement funds, payoff the mortgage, or set asid...
by mortfree
Mon Jul 17, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 65
Views: 4550

Re: Newbie and New Parent: Help w/ Retirement and 529

everything was looking good until I saw both Roth accounts in a money market fund and saw the Brexit remark... anyways, it appears lesson learned. for both Roth accounts, have they been maxed for 2017? Research Vanguard Lifestrategy Moderate Growth Fund (VSMGX min 3k; international exposure) or Vang...
by mortfree
Mon Jul 17, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 5583

Re: Paying off debt vs. max savings

Pay off the student loans.
Max the Roth for 2017 ($11k)
Wait for Jan 2018 and max the Roth again

That leaves you with 113k
by mortfree
Mon Jul 17, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: Where to allocate lump sum payout
Replies: 4
Views: 457

Re: Where to allocate lump sum payout

I think I would put 100k to the student loans prior to refi.

Or invest all 160k in a taxable account.
by mortfree
Mon Jul 17, 2017 2:05 am
Forum: Investing - Help with Personal Investments
Topic: In my 30s with extra 30K - Opinion about portfolio
Replies: 11
Views: 1124

Re: In my 30s with extra 30K - Opinion about portfolio

Given the info, I think your plan and EF are good. BND and the real estate fund in a taxable account may not be tax efficient though.

Alternate plan:
One thing to think about. You could also structure your EF in tiers and invest more.

30k savings account (tier 1) and 50k invested (tier 2).
by mortfree
Sun Jul 16, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2458

Re: 18 year old first credit card recommendations

When I was in college in the late 90's I had a credit card that I used to buy books.

I think the credit limit was $500 to start.

I'd try to find one with a small amount available.
by mortfree
Sun Jul 16, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Road noise in 2017 Honda CRV?
Replies: 32
Views: 3755

Re: Road noise in 2017 Honda CRV?

Here's what I do:

Turn up the radio.

Turn down the hearing aids.
by mortfree
Sat Jul 15, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3544

Re: What am I missing here? [I'm a bachelor]

I think your calculation is suspect. The interest on the full $240K is closer to $160K; this would be reduced by downpayment. yes, the numbers presented do not generate interest amount that the OP listed. 240k, 30 years at 3.75%: Interest 160k. monthly P&I payment of $1111.48 But you're not going t...
by mortfree
Fri Jul 14, 2017 9:40 pm
Forum: Personal Consumer Issues
Topic: To buy or not to buy... [a new car]
Replies: 43
Views: 4020

Re: To buy or not to buy...

rashad3000 wrote: I just saw where I can purchase a 2017 basic, automatic Camry for $16,700. MSRP is around $24,000. I would get a 24 or 36 month loan at 2.04% through my credit union.
why wouldn't you finance through toyota financial services?

you could probably get a 0% or "lower than 2%" loan...
by mortfree
Fri Jul 14, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18276

Re: How are folks handling the unprecedented rise in the market ?

I paid off my mortgage in 2016 (I had 94k remaining in 2013). House value 230k I maxed my 401k in 2016 and will again in 2017. Maxed my Roth in 2015, 2016, and 2017. I contributed to my wife's Roth in 2016. 2017 is TBD. I've also been investing in my taxable - VTI and Berkshire Hathaway. Freedom of ...
by mortfree
Fri Jul 14, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Use Emergency Fund to Payoff CC Debt?
Replies: 17
Views: 1247

Re: Use Emergency Fund to Payoff CC Debt?

I think I would put anywhere from 10-12k towards the cc.

Great job having that EF!

Edit: if you don't pay it all off from EF do you think you can get a 0% offer from another cc?
by mortfree
Fri Jul 14, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Use Emergency Fund to Payoff CC Debt?
Replies: 17
Views: 1247

Re: Use Emergency Fund to Payoff CC Debt?

Exact numbers, please.

It will make the advice that much easier to give.
by mortfree
Fri Jul 14, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest 300K
Replies: 33
Views: 2707

Re: How to invest 300K

Visit White Coat investor website if you haven't already.

Agree this 300k is "pocket change" for this person.

One thing not mentioned and may be assumed.

Do you have adequate term life insurance?
by mortfree
Fri Jul 14, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 109
Views: 6807

Re: What advice to give 21 year old?

I would tell him what you posted above... I agree he doesn't really need bonds. his cash savings could be considered bonds, in a non-investment way.

but I'd also mention the lifestrategy growth fund or a target fund since he did ask. it might appeal to his desire to have bonds at a low percent.
by mortfree
Fri Jul 14, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5160

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

I think the fastest way to reach the max would be to go straight from 4% to 20+% after reaching my savings goal. That's why I suggested 10%. Already making an excuse for not trying to increase the 401k by just 6%. That shouldn't be a big deal and you will be taking a balanced approach to savings, r...
by mortfree
Thu Jul 13, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5160

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

I think the fastest way to reach the max would be to go straight from 4% to 20+% after reaching my savings goal. That's why I suggested 10%. Already making an excuse for not trying to increase the 401k by just 6%. That shouldn't be a big deal and you will be taking a balanced approach to savings, r...
by mortfree
Thu Jul 13, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do most mortgages have a prepayment penalty?
Replies: 10
Views: 917

Re: Do most mortgages have a prepayment penalty?

let me guess....




credit score?