Search found 572 matches

by mortfree
Sat Nov 18, 2017 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 48
Views: 3153

Re: Help with Understanding How to Handle Bonus

It usually takes at least 1 - 2 pay periods for a new contribution level to take effect. So OP needs to jump on changing the contributions if he/she wants to have some impact before the end of the year. My bonus for 2017 will be paid out in 2018 :annoyed - But at least it makes for easier tax plann...
by mortfree
Fri Nov 17, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Car shopping tomorrow
Replies: 19
Views: 1298

Re: Car shopping tomorrow

4. Any car negotiating tips would be appreciated ... Pretty much sold on the Civic (thinking 2017 model since it looks exactly like 2018 anyway) just going for a test drive since I finally have the afternoon free - no intention of signing anything. looks like they have some nice holiday offers / le...
by mortfree
Thu Nov 16, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 24
Views: 2235

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

pondering wrote:
Thu Nov 16, 2017 8:43 pm
I put the calendar item for about 20 months from now for the two year renewal I did earlier this year.

Getting the stickers off has been challenging.
Edit: remove the license plate THEN
Use a hair dryer. Peels right off
by mortfree
Thu Nov 16, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 11989

Re: Request for Promotion letter to Senior Management

I thought OP was really holding out for March 2018 so he can get his bonus that he earned in 2017. No sense leaving now and forfeiting the bonus. A lot of people get hung up on Job titles and promotions... as someone else pointed out the - upside versus downside in this situation seems to say, stay ...
by mortfree
Thu Nov 16, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 24
Views: 2417

Re: Pile of Cash - What to do

lt1948 wrote:
Thu Nov 16, 2017 10:26 am
I did, I've deployed 800k into the markets in 2017
so another 400k in 2017...

or if you want to DCA, 400k in Jan 2018.

then it all didn't go in 2017 :D

Good problem to have - congrats on many levels
by mortfree
Thu Nov 16, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1800

Re: RE sale: long close vs. bird-in-hand

Who has the greater sense of urgency with Option A - you or the buyers? meaning, if you request that they waive the need to sell their home first then you will go with them; otherwise you will do Option B. call their bluff? You could also tell Option A people you'll take a few grand less if they jus...
by mortfree
Thu Nov 16, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4214

Re: Fair way to split expenses?

I can't imagine that there is any other way to do it than 50/50. You can have separate accounts, but in the end, isn't that (50/50) what marriage is supposed to be? JT You lack imagination.:) There are tons of people that are more comfortable with some split. It might seem crazy to you. Keeping fin...
by mortfree
Thu Nov 16, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 48
Views: 3153

Re: Help with Understanding How to Handle Bonus

Slight twist to the above: I would boost your 401k contributions for 2017 to a higher level. How many paychecks do you have left this year - 3 ? Hold onto the bonus money. Dip into it IF needed for Nov/Dec. In January 2018, Whatever money is left from the bonus at that point, put it towards the stud...
by mortfree
Wed Nov 15, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4214

Re: Fair way to split expenses?

On a household basis: my wife pays the cable, electric, gas (heat) bills. She contributes to daycare, groceries, water/sewer. clothing and other expenses for our son. She makes her car payment (gasp!), cell phone, car insurance and I pay my 2 car payments (yikes - so not a BH!), car insurance, cell ...
by mortfree
Mon Nov 13, 2017 5:32 am
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1423

Re: "Starter House" - to pay off or not?

I wouldn’t pay it off if you you will be buying another home in 1-2 years. You would be tying up your cash reserves in the house and would probably be forced to sell in order to have a down payment on the next home. But wouldn’t having a HELOC allow us to use that to make a down payment without hav...
by mortfree
Sun Nov 12, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1423

Re: "Starter House" - to pay off or not?

I wouldn’t pay it off if you you will be buying another home in 1-2 years. You would be tying up your cash reserves in the house and would probably be forced to sell in order to have a down payment on the next home. This would force you to have a contingency on the sale of your home when placing the...
by mortfree
Wed Nov 08, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34393

Re: Did you tell anyone you paid off your mortgage?

Resurrecting old thread.. I'm about to drop the payoff check for my mortgage in the mail. It took me a little over 19 years to reach this point. I was honestly considering a FB post to brag a little but leave it to the wisdom of forum to suggest otherwise... I think I'll limit the news to a few clo...
by mortfree
Tue Nov 07, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: My Dad's slides
Replies: 21
Views: 2406

Re: My Dad's slides

Most of the photos are of my mother and father on several vacations, with lots of shots of cityscapes, landscapes, museums, views from boats, vista rest stops, and hotel balconies , plus groups of people (some of whom I recognized); plus, of course, myself and my sister when we were young. Any sugg...
by mortfree
Mon Nov 06, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Which Debt to Payoff First?!
Replies: 23
Views: 2001

Re: Which Debt to Payoff First?!

I would choose between the Mortgage if you are paying PMI or student loan just because of the loan amount.

This car will not be his last car and I would guess the next car would not be bought with cash either.

I would really try to go higher than 3% for 401k.

Details are lacking
by mortfree
Sun Nov 05, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: How to Label Plastic Boxes
Replies: 15
Views: 933

Re: How to Label Plastic Boxes

Packaging tape first (angle corner for easy removal)

Label on that layer of packaging tape

Packaging tape over that layer
by mortfree
Thu Nov 02, 2017 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Buying Vanguard ETF's VTI and VXUS
Replies: 61
Views: 3676

Re: Buying Vanguard ETF's VTI and VXUS

I would stick with the ETFs if it is a taxable account. This is in my Vanguard brokerage account, so yes it is a taxable account. So now I am torn between the two and not sure what to do Agree with the above-ETF is the way to go in the taxable account. I have VTI in a Vanguard taxable account. You ...
by mortfree
Wed Nov 01, 2017 4:13 am
Forum: Personal Consumer Issues
Topic: Electric fireplace
Replies: 13
Views: 1068

Re: Electric fireplace

I can tell you the heat output for any electric heater that plugs into an outlet, regardless of whether it is the $15 special at the big box store or the $400 "Amish miracle heater" is 1500W or 5100 BTU/hour. This is the key point. In addition to the type of heat (infrared, etc). Basically you are ...
by mortfree
Mon Oct 30, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8760

Re: My 401k is almost all cash now. 1/2 Mil

Stay in cash.

Your strategy has helped us all thus far :D

But really should be invested. Even if you go 40:60 for stocks:bonds
by mortfree
Sun Oct 29, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off mortgage? Has this ever been asked before?
Replies: 41
Views: 3359

Re: Should I pay off mortgage? Has this ever been asked before?

Where are you getting the 129k to pay it off?

If you had say 50k or less on the mortgage I would pay it off.

At the current balance, I would not pay it off. (Key word is “I”)
by mortfree
Sat Oct 28, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Timing with Total Stock Market ETF
Replies: 21
Views: 1577

Re: Timing with Total Stock Market ETF

Use a limit order to set the next price you’d like to buy at.

If it hits that price good job.

If not, you just lost time and a few less shares
by mortfree
Fri Oct 27, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check - Would like to pay off mortgage early
Replies: 35
Views: 2546

Re: Sanity Check - Would like to pay off mortgage early

If you plan on moving any time soon (appx 5 years or so after it is paid off) do not pay off your mortgage.

Assuming you would need the equity in your home for your down payment. It truly is locked up in the house at that point.
by mortfree
Fri Oct 27, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: 91, 01, 09. Then 19? [Year for next market crash]
Replies: 27
Views: 2564

Re: 91, 01, 09. Then 19?

daveydoo wrote:
Fri Oct 27, 2017 11:40 am
I definitely think he's on to something. But after '19, it looks like we should be good 'til '90 or '91 so I'll take it.
'23 would be next, obviously :D
by mortfree
Fri Oct 27, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay off the car or not?
Replies: 25
Views: 1980

Re: Pay off the car or not?

not enough info, but I'll try... I wouldn't pay it off completely since it would deplete your EF. it's good that you have one debt, but 24k in EF would be minimum I'd want. Consider instead paying $750 or $800 or $900 or $1000 per month. You also claim that not having that $500/month payment would l...
by mortfree
Wed Oct 25, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 11989

Re: Request for Promotion letter to Senior Management

Dear Paletineman

Thank you for your hard work. We appreciate you chasing this carrot but have no intentions of promoting you since you will work above and beyond regardless of how much we pay you.

Management.
by mortfree
Tue Oct 24, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan: To Pay or Not to Pay: That is the Question
Replies: 32
Views: 2962

Re: Student Loan: To Pay or Not to Pay: That is the Question

40 years old or so? 27k at 200/month puts you right around another 12 years for payoff (?). 27k out of 160k... I'd pay it off. it's a drop in the bucket for you. I am guessing a HCOL area, and a no-fear of debt, given your comment about the SL, potential Line of Credit, and saying there is not much ...
by mortfree
Fri Oct 20, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 5202

Re: I have to fire someone that I care about personally

So you see absolutely no possibility that this person could turn things around with the right training and coaching?

is the person even aware of their lack of stage presence? or is it more the overall appearance that can't be changed....
by mortfree
Mon Oct 09, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or invest?
Replies: 10
Views: 1089

Re: Pay off mortgage or invest?

I'll try for the something else, but I'm not one of the smart ones: Do you have enough term life insurance? Do you and your wife have a will? How long are you planning on staying in this home? If 5 or more years (random number), paying down/off the house isn't a bad move. It's just that the money is...
by mortfree
Sun Oct 08, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: how to calculate whether to pay off mortgage
Replies: 21
Views: 2509

Re: how to calculate whether to pay off mortgage

Here is another math perspective - time.

How long are you planning to stay in this house?

If it is your forever home, then pay it off.

If you are going to move soon (in the next 5 years as just an example, not mathematically determined), then don't pay it off.
by mortfree
Tue Oct 03, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3264

Re: We're Debt Free (Except our House)!

we are putting 15% towards retirement (combination of 401K's and Roth IRA's) and we recently refinanced our home to a 20-year mortgage. We also have $26,000 in our savings account/emergency fund. putting 15% towards retirement vs maxing out your retirement are two different things. I would strive t...
by mortfree
Sun Oct 01, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay down some credit card debt?
Replies: 19
Views: 1224

Re: Should I pay down some credit card debt?

Having that much cc debt at those rates is an emergency.

Pay them off asap from your 45k savings.

Seeing that you only pay $150/month on the one, and $1 dollar over the minimum for the other, I don't think you should be using cc cards at all. You don't seem to get how interest works against you.
by mortfree
Sat Sep 30, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Hardwood/Laminate floors ?
Replies: 17
Views: 1574

Re: Hardwood/Laminate floors ?

Karndean luxury vinyl tile if you can find a style/color you like and it works with your house.
by mortfree
Thu Sep 28, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: MF or ETF for 15 year old son - tax implications
Replies: 6
Views: 354

Re: MF or ETF for 15 year old son - tax implications

Does he have earned income for this year?

If so, open a Roth account and contribute an amount equal to his wages. Research this first of course.
by mortfree
Mon Sep 11, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: "Luxury" Vinyl vs Laminate flooring?
Replies: 35
Views: 3013

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: 720

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: 2786

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: 3314

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: 3314

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: 1727

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: 1149

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: 1924

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: 6879

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: 7110

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: 2142

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: 225

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: 8988

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: 1431

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: 186

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: 1367

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: 1355

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.