Search found 665 matches

by mortfree
Mon Jan 15, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 23
Views: 1410

Re: why emergency savings?

To the person who handles the finances. If you drop dead will your spouse know how to go about liquidating the funds in an emergency? Also one less thing for them to worry about after your death. Easy access to cash for expenses (non-funeral) This was something that was mentioned by the member corn18
by mortfree
Sat Jan 13, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3115

Re: Firing real estate agent after offer made?

What are your contingencies listed in the offer? Anything you can use to get out of it?

That’s typical that you would arrange the pre-approval, inspection.

Easy for buyers to find a home now with the internet so that isn’t uncommon either where you find the Home before the agent does.
by mortfree
Sat Jan 13, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 24
Views: 1419

Re: mlp's Master Limited Partnerships

I owned EPD for a year and a half. After seeing the K-1 after the first tax year I decided I would sell it the following year. That year I hired a professional to do my taxes for the first time ever. My investment was small and having to pay someone to do my taxes just added to the pains (for me) YM...
by mortfree
Fri Jan 12, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Paid mortgage: Now what do I do?
Replies: 21
Views: 2540

Re: Paid mortgage: Now what do I do?

let your insurance company know that there is no longer a mortgage on the property so they remove that from the policy.

In a few months, follow up with your county to ensure the mortgage satisfaction has been recorded.
by mortfree
Thu Jan 11, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 5295

Re: 100% VTSAX??

In my Vanguard account. Yes 100% VTI.
by mortfree
Thu Jan 11, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: How do you time the market when you have to?
Replies: 14
Views: 904

Re: How do you time the market when you have to?

I get discounted trades on a Tuesday, so I time the market for that specific day - so i am forced to invest on Tuesday, whenever I feel like investing.
by mortfree
Thu Jan 11, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 11838

Re: Is it time for me to "call in rich"?

does your company know you have the finances to retire? Does your company typically offer separation packages? the other consideration is if you don't mind your job and you are salaried, unofficially cut back your hours until someone says something. what's the worst they can do to you? but it is pro...
by mortfree
Wed Jan 10, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1656

Re: Underwater 4-5k in vehicle.

wrong forum. everyone here pays cash or they walk...

:D

pay the 4-5k during the trade/purchase of the other vehicle (?)
by mortfree
Wed Jan 10, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 3809

Re: "Emergency Fund" Strategy

Strategy: How much? 34K = about 3.5Months @6K + 9K Escrow Tier1- Brick and Mortar Checking 10K covers monthly expenses Tier2- 5K High Yield Online Savings, a small amount of quickly accessible FDIC insured funds Tier3- 10K Stable Value in tax advantaged account Currently about 1.8%; .3% higher than...
by mortfree
Wed Jan 10, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1107

Re: Sell Sports Car and Invest or Keep for Fun Factor

drive it more.... or sell it.
by mortfree
Tue Jan 09, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: A newb question about using Fin planner
Replies: 43
Views: 1537

Re: A newb question about using Fin planner

Guys, first off I want to say thank you for all the responses, I am reading each one and each one leads to more research. So thanks for that and I am truly all ears when it comes to response. all the research has been done already. the experts here are telling you to invest on your own and do not h...
by mortfree
Tue Jan 09, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Pay down student loan or mortgage first
Replies: 18
Views: 1117

Re: Pay down student loan or mortgage first

not enough info. 30-year mortgage? Expected monthly payment? Student loan(s): monthly payment? # of years, including interest rate. I'll ignore the tax savings (anti-Boglehead) and make a GUESS where I lean towards extra to the mortgage b/c I'd rather have a lower payment for a longer time so I can ...
by mortfree
Mon Jan 08, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest now ?
Replies: 13
Views: 1438

Re: Where to invest now ?

Wellesley VWIAX
by mortfree
Mon Jan 08, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6866

Re: Lowball offer on a home

Price is just one component of the offer.

Will you have a contingency to sell your house?

Will you have contingencies for home inspections, etc.

Can you settle quickly?

Cash offer?
by mortfree
Sun Jan 07, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Save me from myself- Debt Payment vs. Investing
Replies: 3
Views: 346

Re: Save me from myself- Debt Payment vs. Investing

Agree with above. You are being influenced by recency bias (I think that is the term) with market returns. The only real debt I see you having is the student loan. Car payment is peanuts. Mortgage is nothing if it is going to be a rental soon. How are you preparing for purchase of your next property...
by mortfree
Fri Jan 05, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute to 401k or pay off fixed 20yr 7.625% HELOC?
Replies: 21
Views: 1128

Re: Contribute to 401k or pay off 7.625% HELOC?

On the emergency fund paying off the heloc - I totally hear you on the rate. Having said that it would wipe out all but a month or so of emergency fund, with only $500 per month in cash flow to replenish it. If you want the HELOC gone and you have been paying it for 11 years, decide on a timeframe ...
by mortfree
Fri Jan 05, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: where should contributions go for 2018, portfolio help!
Replies: 10
Views: 1037

Re: where should contributions go for 2018, portfolio help!

^^^^
I just want to give credit to rural avalon for the 2nd set of quotes that start with "I am confused..." typo ended up putting my ID there instead.
by mortfree
Thu Jan 04, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: where should contributions go for 2018, portfolio help!
Replies: 10
Views: 1037

Re: where should contributions go for 2018, portfolio help!

Thank you so much ! I have gone back and forth on the bonds... as some people have said bonds are to be used later closer to retirement, and since I'm 36, it doesn't make sense, but I get it, it won't decrease my overall return by that much. This is strictly a retirement portfolio and I do not inte...
by mortfree
Thu Jan 04, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage escrow question
Replies: 14
Views: 840

Re: Another Mortgage escrow question

it doesn't really make sense to pay your escrow yourself to decrease you monthly payments since you'll just have to save the same elsewhere. Its just putting money in different piles. Another poster mentioned that lenders will use escrow money to lend out but that sounds not kosher. Peace of mind. ...
by mortfree
Thu Jan 04, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 211
Views: 21531

Re: Hitting The Sell Button

I bought more VTI today and have my Roth purchase scheduled for next Tuesday.

That is why things are running up more.

Wait till Wednesday when it drops.

You’re welcome. :oops:
by mortfree
Thu Jan 04, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage escrow question
Replies: 14
Views: 840

Re: Another Mortgage escrow question

Is the W-4 advice taking into consideration the new tax program for 2018?

I’ve always skipped the escrow account and do it myself. But I do realize that is not always allowed depending on where you live.
by mortfree
Wed Jan 03, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Shares of UTMA Account
Replies: 26
Views: 947

Re: Selling Shares of UTMA Account

thank you livesoft... I very rarely sell my own stocks so I haven't mastered this approach.

so $1050 minus dividends ($100 as example) is $950. That is how much LT/ST gains I can tax-gain harvest at end of 2018?

After I sell a fund with a gain, just invest right back into it?
by mortfree
Wed Jan 03, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Selling Shares of UTMA Account
Replies: 26
Views: 947

Re: Selling Shares of UTMA Account

One might say that with UTMA / UGMA accounts that if custodians do not do tax-free tax-gain harvesting every year, then it is possible they are failing in their fiduciary duty. Would you do anything here for my 4-year old's investment (UTMA) account or should I wait till he's older: Fund A: +$386 F...
by mortfree
Wed Jan 03, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra on Mortgage or save for car? Need Advice, Please!!
Replies: 29
Views: 1226

Re: Pay extra on Mortgage or save for car? Need Advice, Please!!

will the dealer even agree to a measly 5k loan? you are looking at a $100/month to $150/month payment depending on loan term and rate? And total interest paid $70 to $250 depending. If this is Honda, you can get those rates before September. I'd borrow at least 10k on the car and not pay any extra o...
by mortfree
Wed Jan 03, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Frozen Pipes
Replies: 30
Views: 3385

Re: Frozen Pipes

My water supplier sent me this yesterday: With extremely cold weather forecasted, measures to prevent pipes from freezing: wrap exposed pipes with insulation and eliminate sources of cold air near any waterlines. also recommend a small trickle of water overnight to keep pipes from freezing (less cos...
by mortfree
Tue Jan 02, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: When married, whose contribution should you prioritize?
Replies: 30
Views: 2832

Re: When married, whose contribution should you prioritize?

Are both accounts invested in the same funds? same allocation?

if not and the investments are unique to each account, then that could be another determining factor too on how to split it up.
by mortfree
Mon Jan 01, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed messed up my mortgage payment - again
Replies: 8
Views: 1054

Re: PenFed messed up my mortgage payment - again

all the reason to not let a mortgage company collect the portion for property taxes and insurance. Assuming 20% down to waive escrow requirements.

So much easier and no headaches when you do it yourself.
by mortfree
Mon Jan 01, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: Vanguard ETFs vs traditional Vanguard index funds
Replies: 13
Views: 945

Re: Newbie: Vanguard ETFs vs traditional Vanguard index funds

Danke, mia san mia. The vanguard site says "Mutual Index Funds" have an average cost of $3,000 per share and can be automatically set up to be purchased. I, however, don't have $3,000, so I guess I am stuck using ETFs and manually buying them one by one. It is not $3000 per share. It’s usually an i...
by mortfree
Mon Jan 01, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off high interest student loans with Roth contributions?
Replies: 14
Views: 640

Re: Pay off high interest student loans with Roth contributions?

I was all set to recommend throwing 18-20k from savings towards the 39k student loans but then saw you want to buy a home in the next 2 years AND you live in HCOLA. So you should have 100k set aside for the home purchase plus more cash as an EF. But that might not be possible. Guess it boils down to...
by mortfree
Mon Jan 01, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help my 7 year old daughter invest $50 of her Christmas money
Replies: 30
Views: 2310

Re: Help my 7 year old daughter invest $50 of her Christmas money

Leaning towards the bank of Mom and Dad. As long as the $50 stays in her piggy bank she gets $5 per month. The reason I would keep it in the piggy bank is it remains liquid to her and she can decide if she wants to spend it or continue holding it. I would be careful in talking about why it won’t be ...
by mortfree
Mon Jan 01, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage?
Replies: 12
Views: 1110

Re: Pay off mortgage?

I wouldn’t pay it off with taxable investments.

You weren’t getting any real tax benefits from the mortgage interest anyways ($2,000 last year).

I would figure out a monthly payment that will have it paid off in 3 years. Or 5 years. Whatever coincides with your retirement.
by mortfree
Mon Jan 01, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for 2019 Roth IRA
Replies: 5
Views: 460

Re: Saving for 2019 Roth IRA

Do you have to save over a 12-month period for the Roth? Maybe you can start saving a larger amount per month later in the year (say June) so your Roth money isn’t out of the market too long. Continue investing in taxable over 12 months or whatever your desired plan allows. Good problem to have.
by mortfree
Mon Jan 01, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]
Replies: 25
Views: 3474

Re: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]

CapOne investing won’t let me transfer my $5500 to the Roth account just yet. Shows 2018 contributions of $0.00 and remaining amount of $0.00. I gave the transfer a try but got an error message as I expected. Guess I’ll have to wait until tomorrow to transfer and the following Tuesday to buy ($3.95 ...
by mortfree
Mon Jan 01, 2018 4:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]
Replies: 25
Views: 3474

Re: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]

What is everyone buying?

I’ll probably add to Apple, United healthcare, and Altria in my Roth at CapOne. As well as initiate a small position in Facebook.

Add to Berkshire and total us stock (vti) in taxable during 2018
by mortfree
Sun Dec 31, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1268

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

You might be a good candidate to invest in VTI (the ETF version of VTSAX).

Livesoft beat me to it
by mortfree
Sun Dec 31, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9134

Re: I Want to Buy a Horrible, Expensive Car

I think this is the ultimate troll thread to compete with the current Porsche thread.
by mortfree
Sun Dec 31, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Building Emergency Fund - Where to put money
Replies: 16
Views: 1043

Re: Building Emergency Fund - Where to put money

Keep it simple. Online savings account at Ally or CapOne360 or other place that gives 1% or more. Skip the CDs. He is just starting out and has a lot of future expenses ahead. It may be worthwhile to make a list of those items so he can see them on paper. A 20% down payment on a future home would be...
by mortfree
Sun Dec 31, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Mortgage Interest deduction under Trump Tax
Replies: 13
Views: 1882

Re: Question on Mortgage Interest deduction under Trump Tax

So SALT maxes at 10k and has its own line item? Mortgage interest is deductible and has its own line item? I will exceed SALT so stuck at 10k and have about 6k in mortgage interest. Is there anything else that can be added in here? If not, I’ll end up using the standard deduction of 24k for MFJ? Tha...
by mortfree
Sun Dec 31, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: wireless earbuds for exercise - airpods or ??
Replies: 28
Views: 1779

Re: wireless earbuds for exercise - airpods or ??

Check out Bragi.

I believe their earbuds are called The Dash.
by mortfree
Sat Dec 30, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 127
Views: 7433

Re: What non fiction book will you be reading in 2018?

Am I behind?

It’s about a 23 year old who makes 300k/year and has 500k invested... or something along those lines.

:P
by mortfree
Sat Dec 30, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Where I need to keep my Emergency cash
Replies: 24
Views: 1841

Re: Where I need to keep my Emergency cash

mega317 wrote:
Sat Dec 30, 2017 3:34 pm
Money market funds are not FDIC insured. I would feel comfortable leaving money in a sound one though

Why not a bank?
Did you mean money market at Vanguard?

CapOne is FDIC
by mortfree
Sat Dec 30, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Where I need to keep my Emergency cash
Replies: 24
Views: 1841

Re: Where I need to keep my Emergency cash

Online savings/money market account.

Favorite one in here seems to be Ally.

There is also capital one 360 money market.
by mortfree
Sat Dec 30, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $100K? Free Mortgage Recast or Continue to Invest?
Replies: 6
Views: 688

Re: What to do with $100K? Free Mortgage Recast or Continue to Invest?

What is your current monthly mortgage payment (P&I only)? Remember you will still have the escrow portion to save up. How much equity do you already have in your home? Given the amount of savings and investments you have on hand I would feel good about carrying the mortgage. Maybe you would want to ...
by mortfree
Fri Dec 29, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Early- to Mid-Career Retirement Planning Checkup
Replies: 5
Views: 938

Re: Early- to Mid-Career Retirement Planning Checkup

I couldn’t tell. Did you max Her Roth for 2017?

You have until April 2018 to make contributions towards 2017 Roth, if you wanted.

I like your plan for investing an approximate mortgage payment for the future and moving to a LCOLA
by mortfree
Fri Dec 29, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just make rookie mistake?
Replies: 19
Views: 3227

Re: Did I just make rookie mistake?

Some of you may be wondering why I bought these funds in the first place. So here it goes. I moved monies from my kids' savings accounts into a mutual fund within my taxable account in order to expose the savings to the market. Didn't exactly want it going into UGMA/UTMA and they don't earn income ...
by mortfree
Fri Dec 29, 2017 5:08 am
Forum: Investing - Help with Personal Investments
Topic: Did I just make rookie mistake?
Replies: 19
Views: 3227

Re: Did I just make rookie mistake?

Some of you may be wondering why I bought these funds in the first place. So here it goes. I moved monies from my kids' savings accounts into a mutual fund within my taxable account in order to expose the savings to the market. Didn't exactly want it going into UGMA/UTMA and they don't earn income ...
by mortfree
Fri Dec 29, 2017 4:52 am
Forum: Investing - Help with Personal Investments
Topic: 2018 Financial Plan [24 year old]
Replies: 19
Views: 1131

Re: 2018 Financial Plan [24 year old]

Great job at 24 years old. Based on your age I would say that your cash savings for future expenses probably needs to be beefed up. Hit 50k and keep going. I check my stock app about 10 times a day and then download everything into quicken at night. Nothing wrong with looking if you know not to do ...
by mortfree
Thu Dec 28, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Financial Plan [24 year old]
Replies: 19
Views: 1131

Re: 2018 Financial Plan [24 year old]

Great job at 24 years old. Based on your age I would say that your cash savings for future expenses probably needs to be beefed up. Hit 50k and keep going. I check my stock app about 10 times a day and then download everything into quicken at night. Nothing wrong with looking if you know not to do a...
by mortfree
Wed Dec 27, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Now, here it is: My 40 Year Investment Plan. I would appreciate any advice!
Replies: 29
Views: 2857

Re: Now, here it is: My 40 Year Investment Plan. I would appreciate any advice!

The acronyms aren't totally clear to me. VTI stands for total index and VTSAX is what? Total stock from vanguard is: VTSAX is mutual fund (admiral shares) and VTI is the exchange traded fund (ETF). VTSMX is also the mutual fund if you have less than 10k. I like ETFs. Others seem afraid of them. Hm....