Search found 209 matches

by mortfree
Sat Mar 25, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: is now the right time to start a roth
Replies: 9
Views: 726

Re: is now the right time to start a roth

If you do open one be sure you do it before tax day (18-April-2017 or so) and designate your contribution as a 2016 contribution. Then move onto to 2017 after tax day. I could be wrong if the rules are different for a Backdoor Roth. I was strictly thinking of how I could do my normal Roth contributi...
by mortfree
Sat Mar 25, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have too much cash?
Replies: 10
Views: 1325

Re: Do I have too much cash?

If you are early 20's or so and/or hope to own a home one day, hoard as much cash as you can. When you hit 100k in cash savings then you might have just enough cash. Open an online account that pays 1%. For instance,capital one 360 money market (not savings). I think there is also a $200 promotion g...
by mortfree
Tue Mar 21, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: 29, new investors, help with long term plan
Replies: 14
Views: 1262

Re: 29, new investors, help with long term plan

I can't imagine not saving anything in his 401k especially with the tax bill. I would set this at my default of 10%. For his student loans you may want to use some of the 52k to pay off the lowest balance(s). Since you didn't list each loan tough to know for sure. Your rollover could be invested in ...
by mortfree
Mon Mar 20, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Funds for taxable account
Replies: 11
Views: 938

Re: Funds for taxable account

I am buying the ETF, ishares Total Stock Market (ITOT) tomorrow since I hold VTI (ETF for vanguard total stock) in my Roth account. i think this would eliminate any potential wash sale should I sell ITOT. even if my wife holds ITOT in her Roth IRA since the taxable account is not a joint account. I...
by mortfree
Mon Mar 20, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to find and interview my new Advisor ?
Replies: 15
Views: 1052

Re: How to find and interview my new Advisor ?

An advisor, such as the one you are seeking, does not exist.

You will be much happier managing your own money.

You can get the best, free advice here.
by mortfree
Mon Mar 20, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Partial mortgage payoff, consolidation
Replies: 8
Views: 558

Re: Partial mortgage payoff, consolidation

I am not an expert but maybe my reply will trigger more replies... even if it is just someone telling me I'm wrong :D 1. personally, if I were moving in the next year or two I would rather have the cash in my account rather than tied up in the house. If for some reason your house is slow to sell, yo...
by mortfree
Mon Mar 20, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Funds for taxable account
Replies: 11
Views: 938

Re: Funds for taxable account

I am buying the ETF, ishares Total Stock Market (ITOT) tomorrow since I hold VTI (ETF for vanguard total stock) in my Roth account.

i think this would eliminate any potential wash sale should I sell ITOT. even if my wife holds ITOT in her Roth IRA since the taxable account is not a joint account.
by mortfree
Fri Mar 17, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: What investments do you invest in a Taxable account for Retirement
Replies: 10
Views: 1103

Re: What investments do you invest in a Taxable account for Retirement

I like Berkshire Hathaway B (BRK-B) shares for my taxable account. Very tax efficient since no dividends.

Doubt anyone else will agree with this though.
by mortfree
Wed Mar 15, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 4913

Re: What to do with $100???

SIRI - not a penny stock any longer, but you'd get 19 shares or so.

SIRI = Sirius Satellite Radio
by mortfree
Wed Mar 15, 2017 4:04 am
Forum: Personal Finance (Not Investing)
Topic: My Financial Picture - Can you give me some feedback?
Replies: 10
Views: 1156

Re: My Financial Picture - Can you give me some feedback?

I would pay off the student loan on or before the end of 2017. Pay off 6k car loan in 2018 - if normal payments make that happen or you need to pay extra. Cleaning up debt, regardless of rate, is a good thing (math may not say it makes sense but 2 less monthly payments is good) Usual disclosure: I w...
by mortfree
Mon Mar 13, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to tackle fiancee's student loan debt
Replies: 33
Views: 2508

Re: How to tackle fiancee's student loan debt

The relationship concerns mentioned previously are real... of course you gave very limited information about the relationship status so everyone will assume the worst. I would tell you to take a step back and take a deep breath... You are just finishing up school and will be making money for the fir...
by mortfree
Mon Mar 13, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when market is peaking
Replies: 49
Views: 5107

Re: Investing when market is peaking

ray333 wrote:* Should i auto reinvest my dividends? Forgot to ask this earlier


The wiki has good info.

Here is one link
https://www.bogleheads.org/wiki/Reinves ... le_account

I'm putting 7k in next Tuesday (Berkshire Hathaway B and I shares total index ITOT). Watch it drop then
by mortfree
Mon Mar 13, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Got my budget straight, now 401k help
Replies: 11
Views: 739

Re: Got my budget straight, now 401k help

best to add the ER.

BH fundamental principle is to avoid high fees.
by mortfree
Sun Mar 12, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: When should you replace a vehicle?
Replies: 52
Views: 3861

Re: When should you replace a vehicle?

Probably time to replace one of them. Should be obvious who gets the "new" car.

Staggering vehicles works well esp if you take out a loan. 0%, 0.9%, or 1.9% interest rates should be easily attainable if you buy from a dealer (new or certified).
by mortfree
Sun Mar 12, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Inherited 90K. New to Investing, single parent
Replies: 22
Views: 2481

Re: Inherited 90K. New to Investing, single parent

I'd pay off the $3900 in debt immediately. This is based on your salary and it will free up some monthly cash flow. You have the right ideas with investing, house down payment , etc. but you need to prioritize these. If a house is your number one goal then you may need more of the money for the down...
by mortfree
Sat Mar 11, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Loan Off Advice
Replies: 4
Views: 605

Re: Pay Loan Off Advice

7 years of payments remaining is enough for me to say pay it off soon so long as you have ample cash on hand.

I wouldn't worry about the math.

Others will disagree and maybe a few will agree.

Ultimately it's your choice.

Disclosure: I am debt free except for a 8500 car loan.
by mortfree
Sat Mar 11, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help a Total Noob out!
Replies: 6
Views: 499

Re: Help a Total Noob out!

You can always invest in the ETF named VTI, which is equivalent to the total stock market fund and does not have a minimum amount to invest. When you get to the 3k minimum you could switch to the mutual fund.
by mortfree
Sat Mar 11, 2017 6:48 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 13637

Re: High End Wrist Watches (Gone Crazy)

Interesting conversation as always corn18. I've worn the same watch for going on 21 years (bought at age 19). It cost $150. I've always had a fascination with watches but haven't felt the urge to replace this one. This thread does have me curious again but I wouldn't be in the high end range. Probab...
by mortfree
Fri Mar 10, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Student Loans Early? Requesting help.
Replies: 14
Views: 680

Re: Payoff Student Loans Early? Requesting help.

what is the monthly payment on the student loan? I would do #4 with a twist. I would apply 5k now to the loan... then I would plan the remainder of payments (14k) to have it fully paid in say 8 months (End of Year target). so you're looking at $1800 (?? or so) payments. and you can always stretch it...
by mortfree
Fri Mar 10, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Escrow
Replies: 10
Views: 586

Re: Mortgage Escrow

Do you have to escrow?

have you considered managing the escrow on your own if you meet the criteria?
by mortfree
Fri Mar 10, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17161

Re: Sitting on cash....Waiting for a crash

Rats - looks like the market is peaking yet again :oops:

how will someone ever time this??
by mortfree
Fri Mar 10, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan OR more to Roth IRA
Replies: 18
Views: 593

Re: Pay off student loan OR more to Roth IRA

When I had student loans and low income, I added $150/month to my ROTH IRA. it was something.

You may want to take that approach; getting rid of the student loans will help with monthly cash flow and peace of mind of not owing that amount.
by mortfree
Fri Mar 10, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2260

Re: can you recommend good tires

Goodyear Assurance - ComforTred




.
by mortfree
Thu Mar 09, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Options for my cash
Replies: 38
Views: 2679

Re: Options for my cash

I think gclancer is absolutely right... if you are going to put money towards the mortgage, you really should consider a no-cost refinance (or have them recast your mortgage after that lump sum) if it helps to lower your monthly payment OR you can get a shorter term like 15 years (you didn't mention...
by mortfree
Wed Mar 08, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up a Vanguard Account
Replies: 7
Views: 592

Re: Setting Up a Vanguard Account

Mortfree: IRA means " Individual Retirement Account. " It cannot be mixed with someone else's account. Best wishes. Taylor [OT comment removed by admin LadyGeek] In this day and age of online accounts, I thought it was at least worth asking if there might have been a way to have them unde...
by mortfree
Wed Mar 08, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3868

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

I can feel your pain - fortunately I bought my house before I got married so that decision was made. Had I not, I would have gone through exactly what you are going through right now trying to explain to my wife the ins and outs of buying a house and the financial impacts. I haven't seen you present...
by mortfree
Wed Mar 08, 2017 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute or wait for new 401K plan?
Replies: 5
Views: 234

Re: Contribute or wait for new 401K plan?

I think you need to do the math so that you do not hit 18k until your last contribution of the year. I would continue to contribute now to capture that match and then pickup with the new employer ensuring that you can make it the rest of the year with at least a 6% contribution (or if they do a true...
by mortfree
Wed Mar 08, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up a Vanguard Account
Replies: 7
Views: 592

Setting Up a Vanguard Account

I would like to open ONE account (if possible) at Vanguard. The account would include: 1. A taxable investing account. 2. A ROTH IRA in my name (2018 time frame I would switch over and contribute - already contributed for 2017 in another account). 3. A ROTH IRA in my wife's name. The wrinkle is, I'm...
by mortfree
Wed Mar 08, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3868

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

Doesn't sound like you are ready... while your wife might be happy, I have a feeling that if you push this through you will not be sleeping well at night. Get a very detailed future budget and think of different variations - what does the budget look like after the house purchase; after the child ar...
by mortfree
Wed Mar 08, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3868

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

369k @ 4% for 30 years is $265,000 in interest 344k @ 5% for 30 years is $320,800 in interest. That's a lot of interest and if you wait, it could cost almost 60k more in interest... Will 1.5BA be enough? Are you going to stay in this area for the next 10 years or so or longer? If this is going to be...
by mortfree
Wed Mar 08, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Old 401K
Replies: 15
Views: 909

Re: What to do with Old 401K

Plus Northwestern charges 1.65% annual fee of the 401K amount. John Hancock fees seem to be around 0.55%. Only reason I was thinking about Northwestern was because of my financial planner who works with them. Stay on here and read up. You will no longer want a "planner" after you realize ...
by mortfree
Tue Mar 07, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2684

Re: Sizing a ductless min-split for basement

get an electric fireplace or space heater... I had someone come out for a mini-split and he basically sized the biggest one and most expensive. He took zero measurements in my basement. think it was a fujitsu model and just over $4,000. he was going for the pay day. I only needed heat and the unit i...
by mortfree
Tue Mar 07, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do with lump sum? First time poster.
Replies: 10
Views: 932

Re: What to do with lump sum? First time poster.

You want Wellesley... VWINX (I think VWIAX is the admiral shares)...

problem solved.
by mortfree
Mon Mar 06, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14730

Re: How Much in Your Emergency Fund And Is It Used?

30k. It is a feel good number for me and isn't just for emergencies: car down payment, house upgrades, appliances, etc.
by mortfree
Mon Mar 06, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 3649

Re: Wedding cash gift

I assume they are not giving you a check for 65k? Thinking of the 14k/person gift without tax consequences. That'd be 56k max if I did my math right. anyways, I would go about selecting the venue, photographer, DJ/band, etc and each time a deposit is required I would ask for the bride's parents to w...
by mortfree
Sun Mar 05, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should federal employee communicate 18 months to retirement?
Replies: 44
Views: 3170

Re: Should federal employee communicate 18 months to retirement?

I would give them the minimum amount of notice required to retire.

18 months is a long time. A lot can happen - good/bad.

You're in the middle of a re-org; they find out now and you might be out sooner (?)
by mortfree
Sat Mar 04, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Oil Change Advice Honda CR-V
Replies: 40
Views: 2270

Re: Oil Change Advice Honda CR-V

the first oil change on a Honda is "special" as someone else mentioned in really great detail. they really want you to run it down until the system tells you it is time for the oil to be changed. I have an Accord that I drive daily (400 miles/week) so that gets changed at about 15%. I have...
by mortfree
Wed Mar 01, 2017 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing out Roths vs starting 529s vs continuing extra mortgage payments
Replies: 12
Views: 982

Re: Maxing out Roths vs starting 529s vs continuing extra mortgage payments

OP, At 15% marginal tax rate and with 3 kids, why do you want to spoil your kids' chance of financial aid by starting a 529? In fact, increase your TSP and Roth IRA contribution to improve your chance for financial aid. KlangFool I thought money in a 529 was excluded from determination of financial...
by mortfree
Wed Mar 01, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please tell me if I should be doing anything different.
Replies: 12
Views: 919

Re: Please tell me if I should be doing anything different.

Insurance is not an investment.

You are making your salesman richer.

Get term for a whole lot less.

Otherwise you have the salary and mindset needed to accomplish your goals
by mortfree
Mon Feb 27, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 44
Views: 2175

Re: Should we pay off our mortgage?

I would do this:
100k at the mortgage
100k to the investments
100k to hold in cash

Revisit in a year


Disclaimer: I have a conservative approach to everything; though I did pay off my mortgage one year ago (age 39) instead of investing the ~50k cash.
by mortfree
Sun Feb 26, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs student loans
Replies: 32
Views: 1265

Re: Mortgage vs student loans

Can you get a 20-year mortgage?





.
by mortfree
Sun Feb 26, 2017 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much house to get
Replies: 25
Views: 2837

Re: Deciding how much house to get

I know this board likes to say that houses are terrible investments and to view it as an expense (mainly due to transaction costs I believe). Don't forget money needed for home maintenance. Roof, furnace/AC, appliances, carpet/flooring, property taxes, etc. The more house you have the more you have...
by mortfree
Tue Feb 21, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Garage Floor Covering - Need Advice
Replies: 20
Views: 1282

Re: Garage Floor Covering - Need Advice

I haven't seen this mentioned yet, I bought two 9' x 20' for my 2 car garage. it's not permament; a little expensive, but I like it.


https://www.elitegaragefloors.com/roll- ... -covering/




.
by mortfree
Fri Feb 10, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard funds for $100K taxable account?
Replies: 45
Views: 5745

Re: Which Vanguard funds for $100K taxable account?

VTI

VYM

I have both - I like them. check out their listings if you haven't already.

also mgk or mgv which I believe are "world". I have these in my son's account.
by mortfree
Wed Feb 08, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Hardwood floors vs Wood Look Tile?
Replies: 68
Views: 5594

Re: Hardwood floors vs Wood Look Tile?

Before you commit to vinyl, do some research on toxic chemicals, such as pthalates, in vinyl. Many people would not choose to have it in a home with small children. YMMV, of course. please provide supporting information - that is quite a claim to put out on here with nothing to back it up. http://w...
by mortfree
Wed Feb 08, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Hardwood floors vs Wood Look Tile?
Replies: 68
Views: 5594

Re: Hardwood floors vs Wood Look Tile?

Karndean is a brand that you could consider for vinyl with a wood finish look.

holds up well in high traffic areas and with my great dane.


.
by mortfree
Mon Feb 06, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: is it ok to ask about recommendations regarding index funds?
Replies: 20
Views: 1155

Re: is it ok to ask about recommendations regarding index funds?

irish17 wrote:I have been reading and have watched several videos. I have to make a decision soon is why I asked.
Thank you for your note.
irish


You can contribute your money and then let it sit "in cash" until you are ready to invest it.

If that gives you peace of mind.


.
by mortfree
Fri Feb 03, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: GF has long commute, should we buy a house to avoid long commute?
Replies: 62
Views: 4759

Re: GF has long commute, should we buy a house to avoid long commute?

warowits wrote:
Wellfleet wrote:
warowits wrote: A one hour commute each way is crazy.


It is? Thanks....




I think that makes one hour commutes crazy. Just one mans opinion.


I've been commuting ~1.5 hrs each way since October 2000... guess I'm krazy with a k.
by mortfree
Fri Feb 03, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: "free" tax software, online vs. download etc
Replies: 5
Views: 771

Re: "free" tax software, online vs. download etc

1) I believe only the online version is free - see if you can go to their website and get a free disc in the mail. 3) In my experience with the free online version, I am able to input all of my required information - including schedule D. I am only prompted to pay for the service IF I file through t...
by mortfree
Fri Feb 03, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: GF has long commute, should we buy a house to avoid long commute?
Replies: 62
Views: 4759

Re: GF has long commute, should we buy a house to avoid long commute?

time to make a move... get engaged - you said you're not getting any younger. since you currently rent, move to be closer to her work. like others have said - rent, or buy a place in your name only until you are officially married. I hope that she changes her views on money - it will be a strain in ...

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