Search found 156 matches

by pierremonfrere
Fri Jul 26, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 4324

Re: Student Loan Forgiveness advice

TL/DR: your hardship may go away due to increase income, but they won't kick you off the IDR plan. And, any payments made while on an IDR plan count [on-time, while at a qualifying employer], even if they ended up being more than the standard 10-year repayment. That may not leave much to be forgive...
by pierremonfrere
Sat Jun 29, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 2174

Re: Going to switzerland this september-advice?

Go paragliding in Lauterbrunnen. That was my favorite part of Switzerland.

And save alot. Switzerland is way more expensive than neighboring countries.
by pierremonfrere
Sat Feb 02, 2019 12:55 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 58
Views: 9660

Re: 2019 Subaru Forester Vs. 2019 Rav 4

I just boight a 2019 Outback. It's only been like 200 miles, but I love it. I prefer the Outback over the Forester for comfort, but Forester did have better visibility. The 2019 Forester has a completely different feel on the inside compared to 2018, so I wouldn't even consider an older model if I w...
by pierremonfrere
Sat Feb 02, 2019 12:43 am
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14234

Re: What do you think are (some of) the best states to live in?

what states offers as much of or as solid a mix as possible of the following: decent job opportunities/economy good education favorable climate potential for outdoor activities/scenery relatively "fair" COL those that have lived or explored living in other states in the country, what are your thoug...
by pierremonfrere
Mon Dec 03, 2018 2:05 am
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 188
Views: 22893

Re: Best values at Costco? Honestly, a little disappointed...

I love Costco but wouldn't have a membership if I had to drive an hour to get there. Ditto. We have several within a few miles of the house, so it's easy in and easy out. Close location also makes the tire service worth it. Free balancing & rotation every six months, but usually a long wait. So I j...
by pierremonfrere
Thu Oct 25, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2257

Re: Making a substantial gift to a college

My Little Hundred Million In the early ’90s, Hank Rowan gave $100 million to a university in New Jersey, an act of extraordinary generosity that helped launch the greatest explosion in educational philanthropy since the days of Andrew Carnegie and the Rockefellers. But Rowan gave his money to Glass...
by pierremonfrere
Mon Oct 22, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 2423

Re: "Investing versus debt pay-off?"

Professional school will make you debt-numb. Wake up to its wealth-destroying effects on your life! Do you have $400K in student loans? Then you’re likely one of the poorest people in the world. The guy living under the bridge is richer than you. His net worth is $0. You should be driving a beater ...
by pierremonfrere
Mon Oct 22, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 2423

Re: "Investing versus debt pay-off?"

Too bad it's impossible to get a federal student loan with a rate of 2.5% these days. My average interest rate is 6.75% Today yes, but if you locked in a rate a few years ago, you'd have been there. I know I refinanced somewhere in the high 2's. I think your comment proves my point.....low-rate uns...
by pierremonfrere
Mon Oct 22, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 2423

Re: "Investing versus debt pay-off?"

This is the one area of this website where I just don't understand the logic of the consensus opinion. To me, low-fixed-rate, unsecured debt is a tremendous opportunity to be taken advantage of--not a noose around your neck. Assume one has a student loan with a fixed interest rate for the next few ...
by pierremonfrere
Sun Oct 21, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 74
Views: 14081

Re: Set it and forget it

My mouth was watering because I thought we were going to discuss rotisserie chicken
by pierremonfrere
Thu Jul 12, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7498

Re: Costco Membership

Have a Costco member give you a gift card for a purchase, reimburse them and go without a membership. I believe this is allowed based on just making a Google search. Tim I got rid of my Costco membership and routinely do this. The cashiers sometimes seem slightly annoyed, but it's essentially a fre...
by pierremonfrere
Thu Jul 05, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 9492

Re: Cheapest way to buy a phone in 2018?

Wife just bought me a new Samsung S9 at Best Buy. Added $20.50 for 24 months, so not a bad deal. Less than $500 for Samsung's flagship phone. I had a Samsung S6 that I had replaced the screen on, but wife dropped it a so I needed a new phone. Nice early birthday present. I still use my Samsung S3 a...
by pierremonfrere
Sat Jun 30, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 9492

Re: Cheapest way to buy a phone in 2018?

Thanks for the suggestions everyone. My screen is becoming unresponsive at times and it does this weird flickering thing near the top, so I’m not sure if a new battery will help. I can still get a full days use out of a single charge. You may want to wait until September, the new ios12 is focused o...
by pierremonfrere
Sat Jun 30, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 9492

Re: Cheapest way to buy a phone in 2018?

For those who have used Swappa, what condition of phone did you buy?
There seems to be lots of good deals there, but most phones are listed in fair condition.
by pierremonfrere
Fri Jun 29, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 9492

Re: Cheapest way to buy a phone in 2018?

Thanks for the suggestions everyone. My screen is becoming unresponsive at times and it does this weird flickering thing near the top, so I’m not sure if a new battery will help. I can still get a full days use out of a single charge. I’m on a family plan now and pay $40/month for unlimited everythi...
by pierremonfrere
Fri Jun 29, 2018 3:53 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 9492

Cheapest way to buy a phone in 2018?

Back in the day (2015), I bought my current iPhone 6 Plus at Best Buy. I got a discount for trading in my old phone plus they were offering a rebate which could be applied to the phone purchase. Total cost of my phone, if I recall, was about $250. I paid for the phone upfront and owned it free and c...
by pierremonfrere
Sat May 05, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Interest only loan
Replies: 24
Views: 3060

Re: Interest only loan

I also disagree that paying off a mortgage is akin to investing in bonds. This doesn't take into account that most houses nowadays are appreciating whether you pay the mortgage down or not. In my case, for example, I paid $1.15 million for my house 8 years ago, and it's now conservatively worth $1....
by pierremonfrere
Sat May 05, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Interest only loan
Replies: 24
Views: 3060

Re: Interest only loan

BuynHold32 wrote:
Fri May 04, 2018 12:44 pm
Take it to the extreme and say you had more $ than you knew what to do with. Borrowing a small portion of your wealth at subsidized rates to invest in higher yields makes sense.
I don’t think that makes sense. If you’ve already won the game, why do you need more leverage?
by pierremonfrere
Thu May 03, 2018 9:33 pm
Forum: Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 4130

Re: Swollen Emergency Fund....What now?

I just don't want to gamble with my principal. Investing in a simple three fund portfolio (see links above) is not gambling. You need to figure out your need, willingness, and ability to take risk. Take some time to read some books, the bogle wiki, and about the investment philosophy before you mak...
by pierremonfrere
Thu Mar 29, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 18900

Re: Healthy eaters -- is this grocery budget normal to you?

For reference, I do not recommend low carbohydrate or intermittent fasting despite my own experiences (and with very low carbohydrate (keto) diets, those experiences were not so good). I do recommend people experiment and find out what works best for them. As I continue my own research and personal...
by pierremonfrere
Thu Mar 29, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 18900

Re: Healthy eaters -- is this grocery budget normal to you?

livesoft wrote:
Thu Mar 29, 2018 12:57 pm
Salmon is not a healthy food. Sorry.
I think it’s more healthy than your oatmeal.
by pierremonfrere
Thu Mar 29, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 18900

Re: Healthy eaters -- is this grocery budget normal to you?

The one item no one has mentioned in this thread is that food costs increase with exercise. I am a runner/marathoner and can burn 800-2000 calories extra per day, and my wife is as well. That means we eat (on average) an extra 1-2 meals worth of calories/day. Our food costs are also ~$1200/month, w...
by pierremonfrere
Wed Mar 28, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Student loans, income based repayment, and taxes
Replies: 3
Views: 486

Re: Student loans, income based repayment, and taxes

So a 1% difference in your taxes is a low five figure sum? If that is true, you should pay your taxes and pay off your loans without utilizing those programs... :beer i appreciate your input. The question is not about utilizing PSLF. Odds are I won't even qualify for it, and I will pay back every p...
by pierremonfrere
Mon Mar 26, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Student loans, income based repayment, and taxes
Replies: 3
Views: 486

Student loans, income based repayment, and taxes

For those of us on the PAYE plan (especially those going for public service loan forgiveness - PSLF) with a spouse/partner who also has an income, it is common to file taxes MFS to lower the monthly student loan payment. Each year income has to be re-certified to stay on the income based plan. Unfor...
by pierremonfrere
Wed Mar 14, 2018 10:41 pm
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Re: Medical expense deduction, MFS

That makes it more clear. Thank you.
by pierremonfrere
Wed Mar 14, 2018 2:49 pm
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Re: Medical expense deduction, MFS

How were the medical bills paid? If paid from your joint account, how do each of you contribute to that account? Do you put in the same amount, or does one of you contribute more than the other? Paid with a credit card, which is paid off from the joint account. Aside from our retirement accounts, w...
by pierremonfrere
Wed Mar 14, 2018 8:31 am
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Re: Medical expense deduction, MFS

So, if all the money is spent on one person, they should be the one to deduct the entire expense, rather than divide it between the two of us? That would be my interpretation of that citation. Remember though that if one of you itemizes, the other cannot take the standard deduction. It is rare that...
by pierremonfrere
Wed Mar 14, 2018 8:00 am
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Re: Medical expense deduction, MFS

Is it required that we split the medical expense or is it more of a suggestion? Since it says unless you can show otherwise, I feel like there is a little wiggle room. What would we need to do to show otherwise? Presumably you have receipts that indicate who the patient is for various items. A fami...
by pierremonfrere
Wed Mar 14, 2018 7:51 am
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Re: Medical expense deduction, MFS

The medical deduction was changed to 7.5% of agi for 2017/2018. https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/16/gop-tax-bill-expands-medical-expense-deduction-for-two-years.html I don’t think your linked publication has been updated for the recent tax changes. Even better. Thanks for the u...
by pierremonfrere
Tue Mar 13, 2018 9:15 pm
Forum: Personal Investments
Topic: Medical expense deduction, MFS
Replies: 11
Views: 879

Medical expense deduction, MFS

According to Pub 502 “Separate returns. If you and your spouse live in a noncommunity property state and file separate returns, each of you can include only the medical expenses each actually paid. Any medical expenses paid out of a joint checking account in which you and your spouse have the same i...
by pierremonfrere
Mon Aug 28, 2017 1:23 am
Forum: Personal Investments
Topic: Investment Advice for 26 y/o
Replies: 6
Views: 1029

Re: Investment Advice for 26 y/o

UTgrad wrote:
Sun Aug 27, 2017 9:40 pm
Income: 90k net
Expenses: 36k (incl mtg)

I need help. Trying to break the cycle of living paycheck to paycheck.
How is this living paycheck to paycheck? You have $54k left over after your expenses.
by pierremonfrere
Wed May 31, 2017 2:49 pm
Forum: Personal Investments
Topic: Personal Capital - Phone Discussion
Replies: 39
Views: 7382

Re: Personal Capital - Phone Discussion

Did anything they mention in their presentation seem like it was worth $4,450 per year?
Do you think you are capable of managing that money yourself?

I don't think they would add enough value to make it worth it.
by pierremonfrere
Sun Apr 16, 2017 4:15 pm
Forum: Investing - Theory, News & General
Topic: Regarding tax efficiency
Replies: 2
Views: 646

Regarding tax efficiency

Comparing two investments in a taxable account in a hypothetical world where one’s tax bracket and income stay the same, will the total tax cost of two funds with varying degrees of tax efficiency be different when all funds are sold? For example, according to the wiki, the annual tax cost of a larg...
by pierremonfrere
Thu Apr 13, 2017 11:06 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8521

Re: 529/son got accepted to medical school whahoooo!

Congrats... That is great news. The fun will begin soon with matching, residency, etc. I am not a doctor, but have been in healthcare management for quite some time - based on that, some unsolicited advice... pick a high-paying specialty. Neurosurgery, Anesthesia, Urology, etc. Also, make sure to d...
by pierremonfrere
Wed Mar 29, 2017 10:56 pm
Forum: Personal Consumer Issues
Topic: Boglehead and iphone
Replies: 23
Views: 3278

Re: Boglehead and iphone

Do you have re type your username and password every time or just go through the log in screen at bogleheads and that info auto-populates? I use an iPhone and the google chrome browser and have no issues. Perhaps you could try a different browser, but you won't be able to click a link in your email ...
by pierremonfrere
Mon Mar 27, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 111
Views: 17002

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

pondering wrote:I'm a verbal learner. I can understand people on the phone far better than I can online or face to face.
You may want to edit your post above so your personal phone number is not there.
by pierremonfrere
Thu Mar 09, 2017 6:47 pm
Forum: Personal Investments
Topic: Options for my cash
Replies: 38
Views: 3849

Re: Options for my cash

Thank you all for replying. We are in the max tax bracket. I am not sure paying towards mortgage is really 3.5%, considering the tax benefits. Will have to crunch the numbers. But right now, we are leaning towards CantPassAgain suggestion of paying 1/2 towards mortgage and put the rest in high inte...
by pierremonfrere
Wed Mar 08, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 4201

Re: Multiple job offers

:thumbsup I can't believe the previous responses... HECK YES you take the better deal at Firm B. Jeez. $10K a year and it's the OP's preference to be at Firm B in the first place? No brainer.... "Dear sir, thanks for the opportunity, but I have accepted a position at another firm. This was not an ea...
by pierremonfrere
Sat Mar 04, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye, Wells Fargo, and hello, BECU!
Replies: 17
Views: 10510

Re: Goodbye, Wells Fargo, and hello, BECU!

Put your money in BECU.
At the end of each year you can buy yourself a nice gift as a reward for your diligent saving :happy
by pierremonfrere
Sat Mar 04, 2017 11:04 am
Forum: Personal Investments
Topic: Emergency Fund Portfolio by Advisor
Replies: 26
Views: 2485

Re: Emergency Fund Portfolio by Advisor

- Wife and I both working, 2 kids 6 yrs old, saved 100K in Checking, maxing out 401K for both employers, have 529s all, not eligible for Roth , NO Debt, except Mortgage (owe 300K of 700K home) Not your original question, but have you thought about the backdoor Roth ? Edit: I guess I was too late to...
by pierremonfrere
Thu Mar 02, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off 80k in student loans in 14 months- At the starting line
Replies: 12
Views: 2271

Re: Paid off 80k in student loans in 14 months- At the starting line

2tall4economy wrote:That said, both you and I made a bad decision - student loan debt is super cheap.
When did you graduate?
Current federal loans are around 7%.
I wouldn't call that cheap
by pierremonfrere
Sun Feb 19, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: I think some criticisim of active management is wrong.
Replies: 22
Views: 3091

Re: I think some criticisim of active management is wrong.

As an example in the thread on American funds a commenter indicated that an international fund outperformed because it used a large share of us funds and the fund was criticised for using the wrong benchmark. I do not want my active manager fishing in poisoned waters . If for example my large cap m...
by pierremonfrere
Sun Feb 19, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in my 30s?!
Replies: 34
Views: 6915

Re: Retire in my 30s?!

I just feel there is much more to life than just working. I have nothing against working but I hate the restrictions that are associated with working for someone else. I should have more than $350 k in my retirement accounts by early next year. If the house is going to be mostly paid for and if I h...
by pierremonfrere
Wed Feb 15, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Payment Strategy/Interest Question
Replies: 26
Views: 2330

Re: Debt Payment Strategy/Interest Question

There are plenty of amortization schedules and spreadsheets online. You could download one and plug in the loan information. It should also let you put in an extra payment. You will be able to visualize exactly what will happen to each loan with your extra payment. Spoiler alert: There will not be a...
by pierremonfrere
Wed Feb 08, 2017 1:34 pm
Forum: Personal Investments
Topic: John Hancock 401(k)
Replies: 21
Views: 2330

Re: John Hancock 401(k)

My wife's 401k is with JH and its not that great. For instance Vanguards large cap growth fund would cost me 8bp in my brokerage account. This is one of the few reasonable choices in her 401k, but they charge us 68bp for it. It's annoying to pay 8x the fees for the exact same fund. Is the actual fu...
by pierremonfrere
Wed Feb 08, 2017 11:43 am
Forum: Personal Investments
Topic: John Hancock 401(k)
Replies: 21
Views: 2330

Re: John Hancock 401(k)

My wife's 401k is with JH and its not that great.

For instance Vanguards large cap growth fund would cost me 8bp in my brokerage account. This is one of the few reasonable choices in her 401k, but they charge us 68bp for it. It's annoying to pay 8x the fees for the exact same fund.
by pierremonfrere
Sun Feb 05, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 330
Views: 89191

Re: Vanguard's Wellesley Income fund is incredible

If held in a taxable, how would the tax (in)efficiency of Wellesley compare that of say 50/50 or 40/60 TSM/TBM?
by pierremonfrere
Fri Feb 03, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 26
Views: 3781

Re: Best if used by, sell by?

Not sure if for safety or quality.

But I do know it's the cows that decide the date :D