Search found 525 matches

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: 93

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: 9
Views: 639

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: 4
Views: 617

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: 32
Views: 1712

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: 649

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: 28
Views: 2312

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: 32
Views: 1712

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: 30
Views: 1988

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 ...
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: 1167

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: 2632

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: 2136

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: 1964

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: 21
Views: 2109

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: 730

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: 1019

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: 2489

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: 1191

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: 27
Views: 1929

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: 21
Views: 2109

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: 404

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: 1019

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: 2174

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: 2991

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: 3152

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 goi...
by mortfree
Fri Jul 14, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...
Replies: 18
Views: 1386

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: 143
Views: 13066

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: 1114

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: 1114

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: 2375

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: 98
Views: 4893

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: 4625

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: 4625

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: 838

Re: Do most mortgages have a prepayment penalty?

let me guess....




credit score?
by mortfree
Thu Jul 13, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4625

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

EF: 14k expenses, 7k EF for 6 months EF: 38k expenses, 19k EF for 6 months. You said you have 60k saved. Is that cash? Yes that's in cash So you have your EF and some for the wedding and the house. Why 150k for downpayment? Is that 20% down or more than 20%? To nitpick you are only contributing 4% ...
by mortfree
Thu Jul 13, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4625

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

EF: 14k expenses, 7k EF for 6 months

EF: 38k expenses, 19k EF for 6 months.

You said you have 60k saved. Is that cash?
by mortfree
Thu Jul 13, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4625

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

Max it out now If you get married you probably won't even have that option to max the 401k. However, the sooner you do it the less you'll miss that money and it will give you a chance to adjust your finances so you might be able to continue to max it out in the future. Are you eligible for a Roth IRA?
by mortfree
Thu Jul 13, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 178
Views: 7011

Re: Do you count vehicle equity in net worth?

I subtract the car loan amount from my net worth. I do not take into account the value of the vehicle.

A little twisted but for a while it was under 10k. Now it's 6500+14000 in car loans.

Oh well.
by mortfree
Wed Jul 12, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Wisdom Teeth Removal: Any experience?
Replies: 17
Views: 873

Re: Wisdom Teeth Removal: Any experience?

I was 31.

I was knocked out.


All 4 removed.

I iced it religiously and didn't have any swelling.


Beware of dry sockets - I didn't get them luckily.
by mortfree
Tue Jul 11, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is there anything wrong with buying VTTSX in a brokerage account?
Replies: 35
Views: 1744

Re: Is there anything wrong with buying VTTSX in a brokerage account?

Vanguard target 2060 fund (VTTSX)

Cause someone is going to say "it"
by mortfree
Tue Jul 11, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a move to Vanguard
Replies: 37
Views: 2484

Re: Considering a move to Vanguard

Talk to the people who have been sitting in cash since 2015. 2014. 2012. 2010. They have been kicking themselves and didn't know when to pull the trigger. Are you really going to know WHEN and will you have the guts to buy in a falling market? "But it could go lower still" If you do invest...
by mortfree
Tue Jul 11, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Road vehicle, 4 adults, one car seat, must it be a minivan?
Replies: 43
Views: 2238

Re: Road vehicle, 4 adults, one car seat, must it be a minivan?

Pilot or highlander


Perhaps your son should buy this for himself so you don't have to
.
by mortfree
Tue Jul 11, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a move to Vanguard
Replies: 37
Views: 2484

Re: Considering a move to Vanguard

So what are you predicting- a 600 point drop or a 1200 point drop?
by mortfree
Tue Jul 11, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: $1368 for new shocks/struts on '05 Corolla?
Replies: 83
Views: 4860

Re: $1368 for new shocks/struts on '05 Corolla?

I'd get rid of it.


.
by mortfree
Tue Jul 11, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating housing and longer commutes
Replies: 20
Views: 1218

Re: Evaluating housing and longer commutes

There's really not enough details here. Are the expensive homes close to work old or new? Do they both work for the same company or near each other's work? Obvious car expenses. Long term health effects with a long commute. Difficult to raise kids if both parents are far away. I have a 90-Mile round...
by mortfree
Tue Jul 11, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay off first?
Replies: 37
Views: 2766

Re: Which debt to pay off first?

Based on your recent numbers I would use the $58k to payoff the student loans and the credit card (2 and 3 of your list). Hold on to the remainder of the cash. I would not reduce the retirement contributions but if you still have that 0% cc with 20k be sure to pay that off before the promo runs out.
by mortfree
Mon Jul 10, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Which investment account and brokerage should I choose?
Replies: 21
Views: 1070

Re: Which investment account and brokerage should I choose?

Please read this - If You Can by Bill Bernstein

https://www.etf.com/docs/IfYouCan.pdf

Your choice should be obvious...

Let the people on here "hold your hand" for free rather than pay someone else to do it for you and to continue to charge you fees, etc.
by mortfree
Mon Jul 10, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Just a little help.
Replies: 5
Views: 591

Re: Just a little help.

I would leave taxable alone... Tell yourself you have a two-tiered EF/Savings - the 17k cash and the 3k taxable funds. Max the Roth. Look at it this way, if you had a 401k you could contribute 18k/year... for a total of 23.5 between Roth and 401k. You're not even hitting 5500 towards retirement savi...
by mortfree
Mon Jul 10, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: HELPPP! What woudl be the best place to combine debt and way to pay it off?
Replies: 11
Views: 950

Re: HELPPP! What woudl be the best place to combine debt and way to pay it off?

Just don't put any of your money towards her debt until you are officially married.

If you want to help, I would stash the money aside in your account and then you can pay towards it once married.

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