Search found 128 matches

by steelerfan
Wed May 24, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 51
Views: 3287

Re: How to Invest Church Money

Is the $200k for the building part of the $500k originally mentioned or an additional amount? With regards to buying the building, you should probably do a rent vs own analysis like an individual and treat the building funds like a down payment would be. We have a total of $500k in the bank. $200k ...
by steelerfan
Mon May 22, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 51
Views: 3287

Re: How to Invest Church Money

Thanks for all the advice so far. A little more background information might help. We are a very young church - we just got out of "mission" status 1 1/2 years ago. We currently rent our building but would eventually like to own our own. We are, however not in any hurry to do so. Our annua...
by steelerfan
Mon May 22, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 51
Views: 3287

How to Invest Church Money

I am an Elder in our church and have been asked to inquire about investing a portion of the $500,000 we have sitting in a Savings Acct at our local bank. We do not use our savings much, in fact we would like to build on it. I was thinking that we could invest $250,000 and that would leave us 250K fo...
by steelerfan
Tue Mar 21, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4764

Re: My son wants to move to Hong Kong

OP Here.

Thanks everyone for your advice. I have read all your replies and PMs too. I feel much better equipped now to guide and advise my son through this - thanks to all of you.
by steelerfan
Mon Mar 20, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4764

My son wants to move to Hong Kong

So, I need some legal advice and I hope that someone here can offer it or point me in the right direction. My 27 yr old son is currently living at home and working full time at a low paying job. We live in the U.S. My son has fallen in love with a young women from Hong Kong who is a foreign student ...
by steelerfan
Wed Jan 18, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a house?
Replies: 29
Views: 3502

Re: How much to spend on a house?

Another rule of thumb is mortgage no more than 25% of take home pay (pref after 20% down on a 15year fixed). I agree with this. But just to clarify I believe (I could be wrong) mhalley is referring to "monthly mortgage payment no more than 25% of monthly take home pay" In addition you sho...
by steelerfan
Fri Jan 13, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4322

Re: Predicting future Net Worth

Does that include all your assets? What sources of income are you counting on in retirement? SS? Pension? Other? A 4% SWR on $1M is $40k. Will that income stream be sufficient for your retirement expenses? What is your current annual budget/expenses? Yes - that includes all my assets. I plan to sel...
by steelerfan
Thu Jan 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan [vs. investing]
Replies: 41
Views: 3175

Re: Auto Loan [vs. investing]

I can't tell you what you should do, but if I were in your situation, I would pay cash. This is what I have done when purchasing my last two cars. But, I am very debt adverse and do not even own a credit card. I'm debt-averse and I own 6 credit cards! That's great. Many people don't have the self c...
by steelerfan
Thu Jan 12, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4322

Re: Predicting future Net Worth

OP here again. Thanks everyone for chiming in. I did visit the firecalc website but did not see anything about Net Worth projections. It looks to me that it would be very helpful in answering the question, "will my retirement money last as long as I do?" Maybe someone could help me if I mi...
by steelerfan
Thu Jan 12, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan [vs. investing]
Replies: 41
Views: 3175

Re: Auto Loan [vs. investing]

I can't tell you what you should do, but if I were in your situation, I would pay cash. This is what I have done when purchasing my last two cars.

But, I am very debt adverse and do not even own a credit card.
by steelerfan
Thu Jan 12, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6913

Re: Where do you keep your emergency fund?

red_uu wrote:I am interested in an online savings account, just need something that lets me transfer money to checking account quickly and easily.

Recommendations for online savings accounts?

Thanks!


I use Radius Bank - 1% and I transfer to and from it regularly with my USAA accounts.
by steelerfan
Thu Jan 12, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4141

Re: Inquiring about familiy finances?

BlackStrat wrote:since he has time now, why not just give him a copy of the 'Bogleheads Guide to Investing'?


This is what I was thinking you should do. Now that he is retired he might have more time to read. Plus it is not you giving him advice - just a book on the subject.
by steelerfan
Thu Jan 12, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Advice for home purchase
Replies: 6
Views: 556

Re: Advice for home purchase

My advice would be more in line with Dave Ramsey: 1) Start with a solid money foundation. Before buying a home, you should pay off all of your debt, such as car payments, credit cards and student loans. You should also have 3–6 months of expenses in an emergency fund and save up at least 10–20% of t...
by steelerfan
Mon Jan 09, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4322

Re: Predicting future Net Worth

OP here. Thanks everyone for your input. So about 1/2 of my net worth is home equity and other property and the other half is in investments. So maybe the advice to split the difference between linear and exponential might be sound. I plan to update my spreadsheet annually, so it will become more ac...
by steelerfan
Mon Jan 09, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4322

Predicting future Net Worth

So, I have almost 8 years worth of net worth data, but would like the collectives' input on the best and most accurate way to predict future net worth growth. I have used Excel to do a Linear prediction and an Exponential prediction of each year from 2018 through 2026 (the year I want to retire). Wi...
by steelerfan
Mon Mar 03, 2014 2:38 pm
Forum: Personal Consumer Issues
Topic: [POLL] What do Bogleheads DRINK?
Replies: 71
Views: 5588

Re: [POLL] What do Bogleheads DRINK?

Flashes1 wrote:American craft beer is my preferred liquid.


:beer - had a couple Stone IPAs this past weekend!
by steelerfan
Fri Feb 28, 2014 1:49 pm
Forum: Personal Consumer Issues
Topic: Poll: Which car loan?
Replies: 17
Views: 1427

Re: Poll: Which car loan?

I guess I'm a simpleton because being a person that is risk/debt adverse, I would save up and pay cash for the car.
by steelerfan
Tue Feb 11, 2014 3:35 pm
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 8925

Re: $25K Budget for a Fun Car

Here is a 2007 Mercedes-Benz SLK350 Convertible for $22,992 with only 43K miles: http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?zip=31324&endYear=2015&modelCode1=SLK_CLASS&showcaseOwnerId=0&startYear=1981&makeCode1=MB&maxMileage=60000&searchRadius=200&ma...
by steelerfan
Fri Feb 07, 2014 8:35 am
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 8925

Re: $25K Budget for a Fun Car

DTSC wrote:I thought a 2012 Mazdaspeed3 would be a fun car. Zoom-zoom and all that.


He has this very car as his daily drive - I believe the OP is looking for something more!
by steelerfan
Thu Feb 06, 2014 2:53 pm
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 8925

Re: $25K Budget for a Fun Car

You could get a late 2000s Porsche Boxster. I've had two. Very fun. I agree. Here is a fine example: http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?zip=31324&endYear=2015&modelCode1=BOXSTE&showcaseOwnerId=0&startYear=1981&makeCode1=POR&searchRadius=25&maxPr...
by steelerfan
Fri Jan 31, 2014 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open a Vanguard IRA in addition to employer plans?
Replies: 29
Views: 2946

Re: Should I open a Vanguard IRA in addition to employer pla

As indicated earlier, you are confusing much of your terminology which leads me to believe you don't have a firm understanding of investing - which is fine. i wish I had gotten interested in this stuff when i was your age! I read "Mutual Funds for Dummies" as a primer. You may want to chec...
by steelerfan
Fri Jan 31, 2014 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another term life question
Replies: 8
Views: 665

Re: Another term life question

If you haven't already, you might want to check out the Boglehead Wiki on the subject. There is a chart there to guide you.

http://www.bogleheads.org/wiki/Life_Insurance
by steelerfan
Fri Jan 31, 2014 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Another term life question
Replies: 8
Views: 665

Re: Another term life question

I am no insurance expert, but know that others on this forum are. I do think that income information on both you and your husband is necessary to give advice and also whether you have a mortgage or not.
by steelerfan
Fri Jan 31, 2014 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Sell house or not?
Replies: 4
Views: 740

Re: Sell house or not?

I am very debt adverse, so my advice would be to stay in the house for now and to temporarily eliminate your contributions to retirement and use that money plus $9k of the E.F. to pay off non-mortgage debt as quickly as possible. Then once you are completely debt free (except for the house) build th...
by steelerfan
Thu Jan 30, 2014 10:01 am
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 4809

Re: Expatriation or International Snowbirding

How do people deal with mail while on extended travel? A friend just returned from an extended trip to learn that his mail had been returned to sender with a notation that he had moved with no forwarding address provided. One of the utility companies was kind enough to call him and tell him that th...
by steelerfan
Tue Jan 28, 2014 10:20 am
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 4809

Re: Expatriation or International Snowbirding

DW and I are considering downsizing and spending time overseas - Belize, Coasta Rica, Panama, etc... after I retire in 12 years or so. We get International Living published by K. Peddicord as well. I agree - a lot of hype and not sure if she is completely trustworthy or not.
by steelerfan
Mon Jan 27, 2014 3:12 pm
Forum: Personal Consumer Issues
Topic: Current tips for buying a Used car
Replies: 14
Views: 2578

Re: Current tips for buying a Used car

Good advice so far. I would add to make sure the seller agrees to allow you to take it to a mechanic for a PPI (Pre-purchase inspection).

Also, Edmunds.com is a good alternative to KBB. I would not pay anything close to what KBB says the car is worth.
by steelerfan
Mon Jan 27, 2014 3:07 pm
Forum: Personal Consumer Issues
Topic: Keeping internet provider without price hikes
Replies: 53
Views: 5938

Re: Keeping internet provider without price hikes

Well my Comcast internet bill came this month and it was $20 higher than last month - yep the promotional price had expired. I called Comcast and explained that I could not afford the new price and that I was going to have to shop for another provider. They connected me to another department and aft...
by steelerfan
Wed Jan 22, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: My First Home Purchase!
Replies: 20
Views: 2272

Re: My First Home Purchase!

Any specfic questions or are you looking for some general comments?
by steelerfan
Thu Jan 16, 2014 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is living without credit cards a dangerous idea?
Replies: 66
Views: 4249

Re: Is living without credit cards a dangerous idea?

I cut up all my credit cards a couple years ago. I just didn't want to feed that dog any more. Credit cards CAN ruin people's lives. I've seen it. Since cutting up my cards I have felt no ill effects of not having one. I carry two debit cards - one serves as my back up.
by steelerfan
Thu Jan 16, 2014 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 11848

Re: Should my son pay me rent, utilities, etc...?

I lived with my parents after college until I got married at 25, my husband was out on his own at 18 and started working at 20. I went to college and got a cushy corporate job right after. My husband has strong work ethic and is very successful in what he does. Oddly, my sibling-in-law is the exact...
by steelerfan
Wed Jan 15, 2014 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 11848

Re: Should my son pay me rent, utilities, etc...?

OP back. Sorry for any confusion after resurecting this 3 year old post. I came across it the other day and just decided to update everyone - kind of a spontaneous thing. Thanks everyone for all of your opinions and advice. I know you all have mine and my son's best interests at heart as evidenced b...
by steelerfan
Tue Jan 14, 2014 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 11848

Re: Should my son pay me rent, utilities, etc...?

OP Here. It has been over 3yrs since I posted this question and I am very sad to report that he still lives at home, still bagging groceries at the same grocery store, and does not contribute financially to the household (I quit asking him to). He nets about $150.00/week and spends most his money on...
by steelerfan
Wed Jul 31, 2013 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Building Credit -- Keep the loan?
Replies: 17
Views: 1646

Re: Building Credit -- Keep the loan?

Pay off the loan. Good credit is overrated. The idea that one should pay to obtain good credit by paying interest on loans when it's not necessary is crazy. Time and a solid payment history will go much farther in building credit. Not paying bills on time and getting sent to collections is a much b...
by steelerfan
Tue Jul 30, 2013 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Divorce debt help
Replies: 15
Views: 1858

Re: Divorce debt help

The problem depends on how "messy" the divorce gets or is. Both parties verbally agree to the consolidation outside of attorneys, the wife goes and gets the consolidation loan, applies the funds against her 1/2, meanwhile the husband procrastinates, the divorce proceedings are started and...
by steelerfan
Mon Jul 29, 2013 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce debt help
Replies: 15
Views: 1858

Re: Divorce debt help

How would consolidating the car loan and credit card loan make it easier to separate the debt? It seems to me like that would make it harder to separate. You misunderstand. Because the various debts are currently in both parties' names it makes it difficult to divide. So, one party takes out a loan...
by steelerfan
Mon Jul 29, 2013 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce debt help
Replies: 15
Views: 1858

Re: Divorce debt help

Not clear to me how a debt consolidation would make it easier to separate the debt. Also not clear how taking out more debt to pay off some of the debt would help, unless it's a lower interest rate. Let me explain. Assume: There is a credit card in both names, but all that is on there is clothing t...
by steelerfan
Mon Jul 29, 2013 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off all debt - what to do with extra money?
Replies: 25
Views: 2752

Re: Paid off all debt - what to do with extra money?

Have you considered donating some of it? Assuming you are not already....
by steelerfan
Mon Jul 29, 2013 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets [Net Worth]
Replies: 34
Views: 4615

Re: Spreadsheets [Net Worth]

I use networthiq.com. Easy to track, graph, and compare to other's.
by steelerfan
Mon Jul 29, 2013 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce debt help
Replies: 15
Views: 1858

Divorce debt help

I need some wisdom here. I am giving financial advice to a friend going through a messy divorce, but need some help. I know Dave Ramsey is against debt consoidation loans, but in this case, there might not be an alternative. Let me explain. They have debt in her name, in his name, and in both their ...
by steelerfan
Wed Apr 18, 2012 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Please advise me about my outstanding auto loan...
Replies: 12
Views: 1136

Re: Please advise me about my outstanding auto loan...

Toons wrote:Easy decision.Pay off the loan :happy


Agreed. Get rid of your debt. Use the EF if you have to. But keep $1000 in there.

Good luck.
by steelerfan
Mon Apr 16, 2012 8:43 am
Forum: Personal Finance (Not Investing)
Topic: What's your best use for Visa Cash Cards?
Replies: 32
Views: 2165

Re: What's your best use for Visa Cash Cards?

My best use for this credit card (or any for that matter) would be as an ice scrapper in the winter time. :twisted:
by steelerfan
Mon Apr 16, 2012 8:41 am
Forum: Personal Finance (Not Investing)
Topic: USAA's Comprehensive Financial Plan
Replies: 11
Views: 2213

Re: USAA's Comprehensive Financial Plan

Thanks for all the feedback everyone. I am going to pass on the plan for now.
by steelerfan
Mon Apr 16, 2012 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 16653

Re: Your Dumbest Financial Move

For me, the dumbest financial move was waiting so long to start. I lived pay check to pay check until about 3 1/2 years ago when I discovered Dave Ramsey and the Bogleheads (I know, it sounds like a musical group).
by steelerfan
Fri Apr 13, 2012 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: USAA's Comprehensive Financial Plan
Replies: 11
Views: 2213

Re: USAA's Comprehensive Financial Plan

OP here. If I do decide to use their service, I do not think there is any chance they will be able to convince me to buy USAA funds. I am just not sure if the service would pay for itself. $1500 seems like a lot of money for financial advice - comprehensive or not.
by steelerfan
Fri Apr 13, 2012 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Pay Insurance Premiums Annually or Monthly?
Replies: 23
Views: 2736

Re: Pay Insurance Premiums Annually or Monthly?

With USAA, I pay monthly for auto and life with NO fees!
by steelerfan
Fri Apr 13, 2012 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Tax return not accepted by IRS
Replies: 2
Views: 1048

Re: Tax return not accepted by IRS

Same thing happened to me this year. I was using one of the online tax services and sending electronically. IRS rejected the return saying one of the SSNs was already used by someone else. So I did most of the ID theft stuff, though not everything, and sent paper returns. I have now gotten back both...
by steelerfan
Fri Apr 13, 2012 9:53 am
Forum: Personal Finance (Not Investing)
Topic: USAA's Comprehensive Financial Plan
Replies: 11
Views: 2213

USAA's Comprehensive Financial Plan

I know as bogleheads, we don't pay for financial advice, but still thought I would ask if anyone has any experience with USAA's flat fee plan.

You can see the details here:

https://www.usaa.com/inet/pages/financial_planning_comprehensive_plan
by steelerfan
Thu Apr 12, 2012 2:31 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 128696

Re: Boglehead Beer

Since I started homebrewing, I have a taste for only the good beers. I prefer malty, hoppy beers with a high ABV. Arrogant Bastard Ale by Stone Brewing is a good example of what I like.

My current homebrews consist of a chocolate stout, an ESB, and a barley wine.

Cheers! :sharebeer
by steelerfan
Wed Apr 04, 2012 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Pay off car loan ($27K at 1.9% APR) using emergency funds?
Replies: 30
Views: 3235

Re: Pay off car loan ($27K at 1.9% APR) using emergency fund

I'd pay off the loan. I also wouldn't borrow to buy a car ever again. (I do recognize that I'm from some different planet where people buy only what they can afford, borrow from others only when it makes long term well-deliberated sense to do so, and generally find the notion of continually paying ...

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