Search found 150 matches

by mortfree
Sun Jan 22, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Spending, Saving, and Debt in 2017.
Replies: 8
Views: 1541

Re: Spending, Saving, and Debt in 2017.

If your savings allow I would get rid of the grad plus 2014 and 2015. Not because of the rate but because you'll see immediate impact and have $100 less in payments. Then I would look at the loan(s) that generate the highest interest per month ($ not %) and focus on that if it meets your debt comfor...
by mortfree
Sun Jan 22, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Selling diamond engagement ring
Replies: 40
Views: 4428

Re: Selling diamond engagement ring

There is a website called "I do but now I don't".

Check that out. I don't know all of the details but I heard the site mentioned in an article.



Good luck
by mortfree
Sun Jan 22, 2017 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 4195

Re: Pay down 1.9% loan or invest

He is paying probably $16/month in interest at this point. $16. Not $100. Not $200. $16. This 1.9% is not going to compound to drive the debt deeper like a credit card with a 10% interest rate. The loan has an endpoint that the monthly payment ensures the balance will go to $0. I'm having a hard tim...
by mortfree
Sat Jan 21, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our student loan?
Replies: 31
Views: 2154

Re: Should we pay off our student loan?

I would consider the following: 1. If you are planning to stay in this home for quite a while or forever, look into a 15-year or 20-year refinance. use some of the cash you have to pay down the loan in order to keep your new payment the same as the current (or less, or a little more). knocking off 1...
by mortfree
Fri Jan 20, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 4195

Re: Pay down 1.9% loan or invest

I am enjoying the responses and views of everyone! I am leaning on the mental aspect of having debt (regardless of rate) and not paying that off before doing anything else. Though mathematically it makes sense to invest and set up payments for the loan, I feel mentally being comfortable with having...
by mortfree
Thu Jan 19, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 4195

Re: Pay down 1.9% loan or invest

I am in this exact spot. I think he actually stole my situation- haha. Would "you" cut your EF in half (so it appears) to pay off a car loan at 1.9% only to have a true emergency (10k+) and turnaround to totally deplete you EF or borrow the money at a higher rate via a loan or credit card ...
by mortfree
Thu Jan 19, 2017 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Help with allocating debt vs investing with increase in pay
Replies: 41
Views: 2109

Re: Help with allocating debt vs investing with increase in pay

And when you say "Roth", do you mean my existing FFNOX fund? Or opening a new Roth? If I did the last scenario, that would mean I have no emergency fund outside the contributions in my FFNOX fund. Same Roth account but buy something less risky as others have suggested. I hate debt but I a...
by mortfree
Wed Jan 18, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help with allocating debt vs investing with increase in pay
Replies: 41
Views: 2109

Re: Help with allocating debt vs investing with increase in pay

I wouldn't touch your existing investment to make it an emergency fund

Going forward consider something like this with the $650.

200 Roth
250 emergency (online savings 0.75%-1% interest)
200 debt of your choice.

Or

450 Roth
200 debt

Or

250 Roth
400 debt
by mortfree
Sun Jan 15, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: How High is Your TV?
Replies: 41
Views: 3350

Re: How High is Your TV?

I have a 52" and 60" wall mounted.

I placed the bottom of the tv at 36" from the floor.
by mortfree
Sun Jan 15, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage
Replies: 14
Views: 1503

Re: Paying off mortgage

I doubt you paid that much in interest on the loan. I'd guess $500 +/-

You'll still be able to deduct property taxes so long as you're still able to itemize.

Pay it off and call it a day. Good way to start 2017.
by mortfree
Sat Jan 14, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Receipts [Retaining purchase receipts]
Replies: 28
Views: 1238

Re: Receipts

NotWhoYouThink wrote:They go in the recycle box with the BBB coupons.


I use those BBB coupons when I paint. Great for cutting in along the edges.
by mortfree
Wed Jan 11, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1562

Re: 2017 Goals...What should we do?

Thanks Ace. What your proposing is what I'd like to do. I am struggling with taking our EF down to $8,000 to pay off a 0.9% car loan though. Paying this car off frees up $300 a month, which ironically, if put towards my wife's Roth, allows it to be maxed out at $458 per month. Maybe I'm just being ...
by mortfree
Wed Jan 11, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

Saving$- this is VERY useful information. Thanks so much for that. My only question is, as I am new to Roth IRA's, you mention to put my EF into that. By simply transferring the EF money into the Roth, does that work? Do I have to invest that money in anything, or can it just sit in the money marke...
by mortfree
Wed Jan 11, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Help me decide if I should Invest or Payoff Loans?
Replies: 15
Views: 1299

Re: Help me decide if I should Invest or Payoff Loans?

similar to above... Pay off the student loan now. Max 2016 Roth, max 2017 Roth - invest it right away and don't look at it. You'll be fine b/c I just invested $5500 yesterday so it'll go down now for you. What fees are on your 401k - is it from the plan, the funds? maybe you're just not contributing...
by mortfree
Tue Jan 10, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Shutterbugs - How do you organize your digital photos?
Replies: 44
Views: 2731

Re: Shutterbugs - How do you organize your digital photos?

I put them in folders by device.

iPhone 4s
iPhone 7
T5i

I also have some subfolders by occasion (not device) like xmas_2016 and vacation_2016

Novice level user.

I also backup in an external storage drive
by mortfree
Tue Jan 10, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1562

Re: 2017 Goals...What should we do?

I would increase wife's Roth to max it out. If she hasn't maxed 2016 add to that first Until April 18, 2017. I would bump up 401k for each of you as well if you have good funds to choose from. I'd also look closely at the mortgage to see if you can make headway there with extra payments. Alternative...
by mortfree
Mon Jan 09, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

So would you recommend doing $300 on car loan #1, and then attack the student loan along with starting investing? I want to do 15% of my gross income, but I feel like I should at pay off my student loan and get my PMI out of the way before I do the full 15%. I think my overall point is trying to ba...
by mortfree
Mon Jan 09, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

*So just an update. I took everyone's advice into account, and it seems like the most common advice was to pay off the Best Buy card completely. I just made a payment for the full amount this morning, so that is now GONE and it feels great. I am going to try and knock out the school loan as quick a...
by mortfree
Sun Jan 08, 2017 6:57 pm
Forum: Personal Consumer Issues
Topic: Reverting to a Wood Burning Fireplace from Gas
Replies: 37
Views: 1865

Re: Reverting to a Wood Burning Fireplace from Gas

Is the fireplace located along an exterior wall? Is the room above ground? Or is the fireplace located in the center of the room? The reason I ask is because if it is on an exterior wall then you could look into a brand new gas fireplace unit (one that is fully enclosed and not just a log set) that ...
by mortfree
Sun Jan 08, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Reverting to a Wood Burning Fireplace from Gas
Replies: 37
Views: 1865

Re: Reverting to a Wood Burning Fireplace from Gas

Is it sized properly for the room (BTUs?)?

Does it have a blower installed to move the air?

What is the condition of the chimney?

.
by mortfree
Sun Jan 08, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help for friend
Replies: 8
Views: 831

Re: Help for friend

Sell the bike.


.
by mortfree
Sun Jan 08, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

A word of caution on going crazy using EF to payoff a lot of debt. As a homeowner you could face expensive repairs so having that 19k cash is helpful. The little bit of interest that you are paying on the cars is an insurance policy. If you have an emergency where are you going to be able to borrow ...
by mortfree
Sat Jan 07, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes for the first time--Please help!
Replies: 33
Views: 2038

Re: Doing taxes for the first time--Please help!

Yeah plug in your numbers in turbo tax and see what their answer is. Like livesoft said you really need to know how to do the math yourself. You can easily miss something in the software and it won't work like you expect it to. But you'll never know if you don't fully understand the math behind the ...
by mortfree
Sat Jan 07, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

Sorry that is shorthand. Means you can add 2016 contributions in your ROTH until April 18, 2017. Then begin adding 2017 contributions after April 18th.

Continue to do a ROTH for as long as you're allowed. Max is $5500 for you plus $5500 for your wife.
by mortfree
Sat Jan 07, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Bedroom is colder than rest of house. Radiator heating question.
Replies: 70
Views: 3028

Re: Bedroom is colder than rest of house. Radiator heating question.

Electric infrared fireplace for the bedroom.



.
by mortfree
Sat Jan 07, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes for the first time--Please help!
Replies: 33
Views: 2038

Re: Doing taxes for the first time--Please help!

I noticed in December that the 1040 instructions link in the IRS website is still linked to the 2015 document.

Thought that would have been fixed by now.

Or maybe it's just me.
by mortfree
Sat Jan 07, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes for the first time--Please help!
Replies: 33
Views: 2038

Re: Doing taxes for the first time--Please help!

Do you know which 1040 form you have to complete? There is 1040-EZ that should be really simple.

Did you sell aapl and realize the loss? That may decide which 1040 form to use

I will use turbo tax to double check myself but will manually fill in the forms and not pay turbo tax at all.
by mortfree
Sat Jan 07, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

it's the debt that are killing them that has to be rectified first. $600 in consumer debt payments for someone at that age vs $4700 per month take home is not killing them. People need cars. One student loan at $6200. They are leveraging debt at this point where the max interest is in the low 3%. I...
by mortfree
Sat Jan 07, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3992

Re: Help with paying off debt

First, set aside at least $1000 for EF. If you already have an EF, great. Debt order: Best Buy immediately. Student loan Start investing at this point if you haven't already*. Car loan 1- I would pay $300/month when above debt is done. Car loan 2- don't accelerate. Mortgage - extra only so you can g...
by mortfree
Fri Jan 06, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: Hearing aid problem (ReSound) - volume drops autonomously
Replies: 5
Views: 456

Re: Hearing aid problem (ReSound) - volume drops autonomously

Return them if you can and go to Costco

If that is not an option please go to the hearing aid forum website and look for answers there (if you haven't already)

With hearing aids paying more does not always guarantee a better experience.

Good luck
by mortfree
Fri Jan 06, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5742

Re: I am timing the market. Why am I wrong?

You are like the surfer waiting for the perfect wave and you spent the last year treading water.

The market isn't going to wait for you. All that the market has is time. It was here before you arrived and it will be here when your time is up.
by mortfree
Wed Jan 04, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: [Seeking advice] I messed up. What's next?
Replies: 30
Views: 2860

Re: [Seeking advice] I messed up. What's next?

Have you considered calculating your GPA on your own? For instance, if you factor in only the classes that applied to your major. Maybe then you can present Major GPA x.x and overall GPA 2.84. or Exclude the first year's classes. Sophomore through graduation GPA x.x and overall 2.84. I believe that ...
by mortfree
Tue Jan 03, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10062

Re: Max It Out Tomorrow

island wrote:Any care to share what funds you hold in your Roth?


I'm sure No one will like this
Started this pre-bogleheads

Apple
Berkshire Hathaway B shares
Caterpillar
Ford
Altria
United healthcare
Exxon mobil
Vanguard total ETF (VTI)
Vanguard high dividend (VYM)
Wellesley (VWINX)
by mortfree
Tue Jan 03, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: Hearing aid 101
Replies: 67
Views: 5063

Re: Hearing aid 101

I have a question for those of you with hearing aids. How many visits did you have to make for initial adjustments and how often for maintenance thereafter? I ask because the Costco option is tempting but we live about 45 minutes from the nearest Costco but there are audiologists much closer. If it...
by mortfree
Tue Jan 03, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10062

Re: Max It Out Tomorrow

Only if one believes that he can predict the market's gyrations should an investor dollar cost average or do any other form of market timing. I follow the 3 scenarios but here are two exceptions I'd like to consider: Does investing in a 401k each pay period count as DCA? Also, some individuals can ...
by mortfree
Tue Jan 03, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Home upgrades, timing and cost
Replies: 10
Views: 701

Re: Home upgrades, timing and cost

We purchased home for $260k, current valued by the county assessor at approx 330k. Our area (in general) has very limited inventory and prices have been going up. Given the above info I wouldn't do any major renovations. paint and landscape are a nice touch. If you are in a seller's market why give...
by mortfree
Mon Jan 02, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10062

Re: Max It Out Tomorrow

According to the Intelligent Investor by Benjamin Graham: "According to Ibbotson Associates, the leading financial research firm, if you had invested $12,000 in the Standard & Poor’s 500-stock index at the beginning of September 1929, 10 years later you would have had only $7,223 left. But...
by mortfree
Mon Jan 02, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10062

Re: Max It Out Tomorrow

Can someone explain this to me? The market is fairly "high" right now....why would dumping $5500 into it today be better than breaking it up into 12-monthly installments for example? (which I have to do, no choice) Just curious. Thanks. This way you don't pay taxes on any fund distributio...
by mortfree
Mon Jan 02, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10062

Re: Max It Out Tomorrow

Added the max on January 1 for 2017 Roth- great advice/reminder!

Will invest it next Tuesday
by mortfree
Mon Jan 02, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with setting priority list for financial goals in 2017
Replies: 2
Views: 456

Re: Help with setting priority list for financial goals in 2017

You are in a good position with your efforts from last year to eliminate debt and contribute to Roth and 401k. Given the info, the thing that stood out is the need to find your own place in 2 months and having $0 in savings. I would hoard as much cash as I could; forget about the 2k loan - make the ...
by mortfree
Mon Jan 02, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Car for Teen next year...new vs used?
Replies: 50
Views: 3388

Re: Car for Teen next year...new vs used?

I would search for used Honda Accords first... see if there are some close by. if you don't find anything, then I'd buy the new one. though you didn't mention if you are paying cash or financing it. I have a while yet for my son, but I know I'll be evaluating whether he'll be a responsible driver/ow...
by mortfree
Mon Jan 02, 2017 12:16 am
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5406

Re: This is a good weekend to start tracking your net worth.

I don't include cars as an asset, but I do list the loan as a liability. You need to be careful with that. I buy my cars for cash so if I don't include the value of the car my net worth would drop unrealistically whenever I bought a car. True. For me at this point a reasonable car loan (say 20k) wo...
by mortfree
Sun Jan 01, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of upgrading primary residence, do you recommend?
Replies: 29
Views: 2083

Re: Thinking of upgrading primary residence, do you recommend?

same school district? have you considered fees associated with this real estate transaction AND then later on when you downsize to the condo? you are working on a 160k loan. what will your new loan amount be - 400k? or will you dip into some of your investments to lower that? how much higher are pro...
by mortfree
Sun Jan 01, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5406

Re: This is a good weekend to start tracking your net worth.

Thanks for sharing. How do you calculate your house value? There's been quite a few homes that have gone up for sale in our neighborhood, including the next door neighbors that sold a few weeks ago. I just base my home value off of those listings and set it at about 5k less than I'd expect for a co...
by mortfree
Sun Jan 01, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5406

Re: This is a good weekend to start tracking your net worth.

if it helps at all, here is my very basic setup/calc in excel: Assets Retirement 401k - $$ Roth - $$ Taxable Investments - $$ Cash Savings - $$ House Value - $$ (no mortgage) Liabilities Car Loan - $$ So, NW=Retirement + Taxable + House - Car Loan I don't include cars as an asset, but I do list the ...
by mortfree
Sun Jan 01, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on current situation and portfolio...
Replies: 3
Views: 336

Re: Feedback on current situation and portfolio...

Congrats!

Be sure to add term life insurance to your list of needs.
by mortfree
Wed Dec 28, 2016 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 9
Views: 1101

Re: Debt Payoff Strategy

I'm just curious, why recommend paying off the 0% credit card first? It isn't a introductory APR. It was a 3 year no interest as long as a you make minimum payment. I know I have the funds to pay it off now but with such a low balance, why the urgency on that piece? It sets the tone for being debt ...
by mortfree
Wed Dec 28, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: 401K choices, Fidelity Brokeragelink
Replies: 9
Views: 421

Re: 401K choices, Fidelity Brokeragelink

ETFs might not be available in brokerage link. Depends on the plan, I think. I have Brokeragelink, and ETFs and individual stocks are both available under our plan's terms. I think the ticker symbols I chose are FSTVX (total stocks), FSEVX (emerging market) and FSIVX (international). Basically 3-fu...
by mortfree
Wed Dec 28, 2016 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: 401K choices, Fidelity Brokeragelink
Replies: 9
Views: 421

Re: 401K choices, Fidelity Brokeragelink

ETFs might not be available in brokerage link. I chose to use brokerage link because I was tired of the funds changing in my 401k. Assumption is that the funds won't change in brokerage link. I think the ticker symbols I chose are FSTVX (total stocks), FSEVX (emerging market) and FSIVX (internationa...
by mortfree
Wed Dec 28, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Save or pay down the mortgage?
Replies: 11
Views: 912

Re: Save or pay down the mortgage?

based on the info provided I would put at least some towards the mortgage...

You could do:
300 to mortgage
200 to mortgage, 100 savings
150 to each
100 mortgage, 200 savings.

doesn't have to be all or nothing or set in stone. change it up as needed.

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