Search found 173 matches

by soccerrules
Wed Nov 22, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 16
Views: 496

Re: Making collegebound Kid Financially Savvy Questions..

1 out of college, 1 in and 1 HS soph. we started Debit/Checking accounts at age 15/16. I encouraged long term savings with a Dad matching savings account. I matched anywhere from 25-100% of money into the savings account with the requirement it is not touched for minimum of 1 year. as far as the Deb...
by soccerrules
Wed Nov 22, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: FIOS contract up - Price Increase
Replies: 18
Views: 1216

Re: FIOS contract up - Price Increase

same boat.
FYI -- if you ask to be transferred to the cancellation department, they can offer extra incentives to keep your business, that the normal customer service rep can not.
by soccerrules
Wed Nov 22, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15-Year Fixed or Not?
Replies: 10
Views: 421

Re: Refinance to 15-Year Fixed or Not?

Look for a better rate and then refi to 15 year note.
by soccerrules
Tue Nov 21, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1134

Re: How much longer do I need life insurance?

2 kids 12 and 14, probably going to college. Something I find interesting is that most people assume that after my untimely demise, my wife and kids would need to live exactly as they do now with the same house, expenses, etc. for the indefinite future. Not to be cold hearted but I am not sure if t...
by soccerrules
Tue Nov 21, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1134

Re: How much longer do I need life insurance?

Uncle- It sounds like you have the same NWML policy I had, called Term70. Increasing premiums until policy ends at 70. The yearly premium increase will continue to grow over the next years, exponentially. I am 52 and just switched to a 15 year level premium term policy. (same rate each year for the ...
by soccerrules
Tue Nov 21, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy term life insurance?
Replies: 14
Views: 1093

Re: Should we buy term life insurance?

I would consider having life insurance as long as you are working. Consider a $1M level premium term policy. Keep it for 1-2 years and the see where you are financially. You can drop the benefit to $500K for about 55% of the cost and keep it for a few more years. Or cancel it at anytime. if you can/...
by soccerrules
Tue Nov 21, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 20
Views: 1504

Re: where should I put my direct deposit?

Direct Deposit to Primary Checking. use Mint to track expenses for 3-6 months. Then consider a "safe" amount that you can move to Savings/Vanguard each payday or month. This should be an amount that you would think 95% of the time you will not need anytime soon and can leave invested. You could also...
by soccerrules
Tue Nov 21, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 33
Views: 1845

Re: service life of (walk behind) lawn mower?

I have had several mowers (Snapper, Toro and Honda) over my life and mowed yards in HS to make money. At the end of the day mowers are like everything else, they have a "number of hours" they will last. Like an Oven, Washer, A/C unit -- the more you use it-- the shorter it lasts. 14 years is a pret...
by soccerrules
Mon Nov 20, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 33
Views: 1845

Re: service life of (walk behind) lawn mower?

I have had several mowers (Snapper, Toro and Honda) over my life and mowed yards in HS to make money. At the end of the day mowers are like everything else, they have a "number of hours" they will last. Like an Oven, Washer, A/C unit -- the more you use it-- the shorter it lasts. 14 years is a prett...
by soccerrules
Mon Nov 20, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: another refinance question (30 or 15 year?)
Replies: 11
Views: 624

Re: another refinance question (30 or 15 year?)

Not knowing your full financial picture and goals, it's a little hard to give an opinion on just this one piece. But I will do it anyway :shock: I prefer 15 year mortgages if you can afford it. A little more payment but less interest paid overall and shorter note. if you go with another 30, then dec...
by soccerrules
Mon Nov 20, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2175

Re: Year end windfall and job loss

Pay off Loans with $200K, put the rest in savings or EF. (consider tax liability)
Reduce spending until spouse finds new job
Continue to fund 401K up to company match, increase when spouse finds job
by soccerrules
Mon Nov 20, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 37
Views: 2391

Re: Tax Returns - How Long Do you Keep?

I have keep hard copies of all tax returns and will probably do so going forward. They do not take up much space. I also enjoy the fun of looking back when we "didn't have 2 nickels to rub together" I have 8 boxes that hold each of the past 8 years receipts, papers etc. I shred the oldest box each D...
by soccerrules
Mon Nov 20, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3191

Re: Value of 401k Employer Match vs. Salary Equivalent

I think the Salary and/or other financial benefits (401K match, stock, ownership, benefits, allowances) should only be part of the decision. Albeit possibly #1 on the list. But don't forget these: - Commute time and cost - location of office - job satisfaction - job growth / promotions - work hours...
by soccerrules
Mon Nov 20, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another "To Rent or Sell" Question
Replies: 10
Views: 561

Re: Another "To Rent or Sell" Question

I don't know anything else about you - but a few that make a difference in my answer - Age, Profession, Kids,Other assets. I think these are important in what type of advice you might get. I don't own RE other than my current home I live in, so take my input for what it is worth and what you are pay...
by soccerrules
Fri Nov 17, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3191

Re: Value of 401k Employer Match vs. Salary Equivalent

I think the Salary and/or other financial benefits (401K match, stock, ownership, benefits, allowances) should only be part of the decision. Albeit possibly #1 on the list. But don't forget these: - Commute time and cost - location of office - job satisfaction - job growth / promotions - work hours ...
by soccerrules
Thu Nov 16, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my beginner IRA portfolio
Replies: 8
Views: 587

Re: Critique my beginner IRA portfolio

Plug for the following Max his 401K, every year Save until it hurts Save some more (taxable if you have maxed the tax deferred space) Try not to let your lifestyle creep with your income Resist the desire to have "stuff" Your 50+ year old self will thank you for saving a lot over the next 10 years (...
by soccerrules
Thu Nov 16, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help family of four....Do nothing?
Replies: 22
Views: 1878

Re: Investing help family of four....Do nothing?

Can I suggest this ? -- your wife gets a job. I am not trying to be a jerk because having a SAHW is awesome -- been there, done that for 20 years. My wife worked 20 hours a week for 3-4 years and then went full time last year (youngest was a HS freshman). It has enabled us to do the following 1) Inc...
by soccerrules
Thu Nov 16, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1878

Re: Portfolio Review

Here is my final allocations: Roth IRA: 80% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 20% Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) 401k w/ Nationwide: 65% Vanguard STAR Fund (VGSTX)--I had initially had this as my Roth IRA but decided it was better to...
by soccerrules
Thu Nov 16, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Withdrawal TIming
Replies: 6
Views: 622

Re: 529 Withdrawal TIming

I guess I need to look into this further. I have no state income tax, so that may be the reason it matters to some. I have always been told I can take the money out at any time as long as I have receipts to prove I spent other funds on approved educational expenses (room/board, books, tuition) . I w...
by soccerrules
Thu Nov 16, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 3922

Re: Help with Understanding How to Handle Bonus

IMO there is no real wrong answer, maybe suggestions on 1 slightly better than the other. If you are committed to long term savings and investing, it will not matter in the end whether you paid down debt or saved this $35K. Do the one that helps you sleep better at night. If you aren't sure, split i...
by soccerrules
Wed Nov 15, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1878

Re: Portfolio Review

Just to clarify, I meant that I hoped to get $2000-$2500 a month from investment accounts to add to pension and SS. If you have read any other posts similar to yours you will see reference to a safe withdrawal rate (SWR). There is a general belief that a SWR of 3-4% of your financial/investment mon...
by soccerrules
Tue Nov 14, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 25
Views: 3861

Re: Pay down a 3.25% 15-year mortgage?

put the rental unit on the market.
It is worth what someone is willing to pay for it and how long you are willing to wait (to get your price) to reduce your losses.
You have not painted a pretty picture of this RE investment, I'd work on getting rid of it.
by soccerrules
Mon Nov 13, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2639

Re: What might you ask In-laws' FA?

I agree with Going Up. -- I would ask more questions of your inlaws about WHY they invited you to the meeting. How can you help them ? Their response will guide you. If they are looking for YOUR help and specifically ask for it-- then I would start with getting the last 12-18 months of statements fo...
by soccerrules
Mon Nov 13, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Invest all my savings in a house?
Replies: 10
Views: 1221

Re: Invest all my savings in a house?

Personally, at age 25 with a girlfriend and house funds saved up. I would rent until my career was solid, my marriage was solid, and I had financial areas like emergency savings, and other things in place. Once all of that is in place, I might purchase a home. slight change to Sandtraps comments, b...
by soccerrules
Mon Nov 13, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 10
Views: 984

Re: Asset Allocation

Let's suppose I have 1,000,000 in mutual funds and monthly income requirement of 5,000, 3,500 of which will be covered by SS and the annuity. How do I decide how to allocate the percentages for the mutual fund portfolio? I know that, like love, this is a simple idea that can easily become complicat...
by soccerrules
Fri Nov 10, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Questions about buying a used car
Replies: 9
Views: 560

Re: Questions about buying a used car

I have never bought a car from Enterprise or Hertz. However, I do work in an industry that in the past rented a number of cars for contractors where the car was kept for months "on assignment". On numerous occasions the rental company required that the car be returned to the nearest rental desk to b...
by soccerrules
Fri Nov 10, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Decision
Replies: 15
Views: 1043

Re: Refinance Decision

After 5 years: net result $2,002 in savings $33.36 /mo After 8 years: Savings of $2,670 $27.81/mo Using Freedoms numbers -- this is your savings per month, although the savings per month should increase over time as you spread the closing costs over a longer period of time. :?: It is savings and at...
by soccerrules
Fri Nov 10, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 2405

Re: PayPal alternative?

I use Zello through Chase to send money to my dependent children when they created a checking/debit account.
Use Venmo to send / receive money from others.
by soccerrules
Thu Nov 09, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12729

Re: How old are you and how much do you save for retirement a year

52/50 and 18%

As I read this post and many others, I am struck by how many DINKs and Single folks there are (that post). I would be curious to find out the demographics of the active posters.

Single income families with kids sure changes the savings game. Comes down to choices, right ?
by soccerrules
Thu Nov 09, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4309

Re: Interviewing at a former employer, should I give them my current salary when they ask?

answer a question with a question what is the current salary range for the position ? or be vague and sidestep question That is a fair question. There are many factors that we are both considering to determine if this is the right fit for both of us. I am interested in continuing to discuss the opp...
by soccerrules
Thu Nov 09, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lending Money to Business Acquaintance
Replies: 17
Views: 1256

Re: Lending Money to Business Acquaintance

I'll add my .5 cent. I appreciate all the responses as it has helped shape my response. He has bigger issues than the $15K. It appears the business will go under and he will have a $125K loan to deal with and limited/no assets. I think any help would be to prolong what appears to already be "in moti...
by soccerrules
Wed Nov 08, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4309

Re: Interviewing at a former employer, should I give them my current salary when they ask?

answer a question with a question what is the current salary range for the position ? or be vague and sidestep question That is a fair question. There are many factors that we are both considering to determine if this is the right fit for both of us. I am interested in continuing to discuss the oppo...
by soccerrules
Wed Nov 08, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Decision
Replies: 15
Views: 1043

Re: Refinance Decision

You are spending $6K and adding 3 years to your mortgage to save $40/mo. That doesn't make sense to me. If you are moving in 5-8 years -- leave it. If you are strapped for cash - look elsewhere to reduce your expenses without spending money ($6k closing costs). I just renegotiated cable/internet and...
by soccerrules
Mon Nov 06, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7449

Re: Preparing For "Early Retirement" In A Couple of Years

OP- I have not read all the posts nor all of your replies. I will add this though. You are 30 and I would guess that the majority of those that have responded are 50+, heck maybe 60+. Life happens and the cost of raising kids over the next 15-20 years you really don't have any idea until you have li...
by soccerrules
Mon Nov 06, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9634

Re: Disposable income... how?

moghopper wrote:
Mon Nov 06, 2017 12:45 pm
soccerrules wrote:
Mon Nov 06, 2017 12:41 pm
" Live like nobody else, so you can live like nobody else"
LOL. Just what we need - another Dave Ramsey thread!
i guess you identified the author. :D
by soccerrules
Mon Nov 06, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9634

Re: Disposable income... how?

33% savings rate is your difference as referenced all ready. There is a quote I've heard and used, not sure the author. " Live like nobody else, so you can live like nobody else" Fast forward 15-20 years and you are setting yourself up for a successful life that will provide you with flexibility and...
by soccerrules
Mon Nov 06, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: The power of cancellation
Replies: 15
Views: 2591

Re: The power of cancellation

I was in the same boat with XM radio a few years back. I would bet you get a notice in the mail offering $6/mo for 6 months. I did this for several 6 month rotations after I cancelled The key is the following 1) Tell them they are not allowed to set your account up for automatic renewal/payment on y...
by soccerrules
Mon Nov 06, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Which Debt to Payoff First?!
Replies: 23
Views: 2018

Re: Which Debt to Payoff First?!

Good solid opinions here.

I would do the thing(s) that help you sleep at night.

For me right now it would be paying off debt. I would sleep better at night knowing that I owed nothing. I think people under estimate the emotional and physical toll that debt has on you/family.
by soccerrules
Mon Nov 06, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 2750

Re: Term Life - Time to cancel?

Scuba Dave- I have a Term 70 policy through Northwestern Mutual. I have had it for the last 20+ years while raising kids. I just turned 52 and have noticed the monthly premium starting to rise a little faster each year. My current annual cost (minus dividend) for $1M is about $2400. In 5-6 years the...
by soccerrules
Thu Nov 02, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio questions - 5 years from retirement (maybe)
Replies: 8
Views: 743

Re: Portfolio questions - 5 years from retirement (maybe)

I think the numbers are not going to work for you to retire at 65 with $140K in retirement expenses. If you believe you will receive a $2Mil inheritance in the next 5-10 years, that would be a game changer. You would be OK with $4M+ You would probably need minimum of $3M if you retire at 65, SS is $...
by soccerrules
Thu Nov 02, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: New 2 comma member
Replies: 28
Views: 2555

Re: New 2 comma member

Congrats - enjoy!
:beer
by soccerrules
Mon Oct 30, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: SSA Spousal Benefits assumptions
Replies: 5
Views: 510

Re: SSA Spousal Benefits assumptions

Sorry for posting a new thread. I did search all previous threads, and picked up the recommended book by Mike Piper. I would appreciate a sanity check to ensure my understanding and my assumptions are on the right track: Me - age 59, PIA at FRA: 2797, PIA at 70: 3574 Wife - age 58, PIA at FRA: 1234...
by soccerrules
Fri Oct 20, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another new 2 comma club member + some questions
Replies: 4
Views: 1210

Re: Another new 2 comma club member + some questions

my thoughts -- they are free so you get what you pay for. 1) I don't know anything about ibonds. I think 1 year of expenses for EF should be OK. I don't know the stability of your job, dual income ? If your jobs are fairly stable I would invest the other 1 years of cash to my AA 2) I think BH's woul...
by soccerrules
Fri Oct 20, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: do I need term life &AD&D insurance fr employer (single, no debt)
Replies: 8
Views: 411

Re: do I need term life &AD&D insurance fr employer (single, no debt)

Coco - Good on the LT Disability. It appears you have assets - Home and Investment Funds. If your ONLY worry is mom and you do not have dependents (? no young dependents) you really would not need even the $7 work life insurance. You are kind of self insured. You die your assets go to your sister, s...
by soccerrules
Fri Oct 20, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good plan?
Replies: 6
Views: 455

Re: Is this a good plan?

Thanks soccerrules, I should have been a little more in depth. I had been doing 12% in my 401k and have paused it for now to get the emergency fund (I have reached the match for this year already so that is why my goal is to get back on it by January 1st.) Could you elaborate on why buying is a bad...
by soccerrules
Fri Oct 20, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good plan?
Replies: 6
Views: 455

Re: Is this a good plan?

OP- Based on the somewhat limited information you provided, I will give you my 1.25 cents. You are the same age as one of my kids and this would be the advice I would give them. 1) Save Save Save. Save until it hurts. Your future self will thank you. 2) If you are single -- Rent - don't buy (keep sa...
by soccerrules
Fri Oct 20, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 8
Views: 1029

Re: HSA question

Can anyone confirm this part, given this is an IRS-eligible HSA expense: For example, if the procedure costs 10k, and the HSA balance is 7k, can 7k be withdrawn right away, and another 3k the year after it was performed (after the HSA has been funded for that subsequent year)? Thanks for the replie...
by soccerrules
Fri Oct 20, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: do I need term life &AD&D insurance fr employer (single, no debt)
Replies: 8
Views: 411

Re: do I need term life &AD&D insurance fr employer (single, no debt)

Maybe, probably no. If you wanted to take out the $7/mo LI policy and list your mom as beneficiary, that would help her if you were to meet an untimely passing. No Death/Dismemberment policy I might look at LT Disability Insurance through your company. A disability would be more of a burden on your ...