Search found 2242 matches

by mortfree
Sat May 30, 2020 8:22 am
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 67
Views: 5190

Re: Out of market now and need advice on re-entering

50:50

Maybe 60:40

Not 90:10
by mortfree
Sat May 30, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Another IRA/Mortgage Payoff Question
Replies: 13
Views: 562

Re: Another IRA/Mortgage Payoff Question

With 3.5M in assets do you have to pull from your IRA?

Nothing in a taxable account with small gains that could pay it off?

Your best bet really is to look into a refinance IF you can’t pay it off in a year or so (just a guess on timing)
by mortfree
Sat May 30, 2020 7:40 am
Forum: Personal Investments
Topic: What to do when bank CD rate is much lower than promised?
Replies: 19
Views: 1773

Re: What to do when bank CD rate is much lower than promised?

At this point things are finally progressing and it is a good sign that the rate reflects what you expected. Is $22k at 2% vs 1.35% really a game changer money-wise? Obviously the principal of what was promised is finally satisfied. But at the 2% rate you were just going to have that cash lose value...
by mortfree
Fri May 29, 2020 9:17 pm
Forum: Personal Investments
Topic: DraftKings?
Replies: 25
Views: 1765

Re: DraftKings?

Such an inclusive group here. Can’t even entertain the idea of individual stocks. /sarcasm What’s the 52-week high and low of the stock and where is it at now? Do you think when sports return the stock will shoot up even more or has it had a run-up already. If I invest in individual stocks I usuall...
by mortfree
Fri May 29, 2020 7:59 pm
Forum: Personal Investments
Topic: DraftKings?
Replies: 25
Views: 1765

Re: DraftKings?

Such an inclusive group here. Can’t even entertain the idea of individual stocks. /sarcasm What’s the 52-week high and low of the stock and where is it at now? Do you think when sports return the stock will shoot up even more or has it had a run-up already. If I invest in individual stocks I usually...
by mortfree
Fri May 29, 2020 2:44 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 4650

Re: Overpay for the home we love?

Will you still love the house if:

Buy for 475k

Then:

Rent to someone else for $2500 or less.

Or:
End up selling for say 450k minus 6% realtor fees?
by mortfree
Wed May 27, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: College tuition- DIY or pay a professional?
Replies: 15
Views: 2155

Re: College tuition- DIY or pay a professional?

In most cases if you hire a professional to manage this money... the only managing they might be doing is taking your money and finding ways to make money off of you and take away from your growth potential.

Be careful
by mortfree
Wed May 27, 2020 3:44 am
Forum: Personal Consumer Issues
Topic: How can I use 6 weeks of vacation in the next 6 months in the Covid era?
Replies: 37
Views: 3254

Re: How can I use 6 weeks of vacation in the next 6 months in the Covid era?

Take off every Friday.

Some weeks take off Friday and Monday to help use up the days.

Use vacation days on weeks where there is a holiday such as Fourth of July, thanksgiving and Christmas.

May need to face the facts that there will be limited travel opportunities.
by mortfree
Tue May 26, 2020 4:43 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 24
Views: 2467

Re: Should I lump sum some money today?

Did you invest today?

That way I know to be ready for tomorrow’s drop.

:sharebeer
by mortfree
Sun May 24, 2020 8:30 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 44
Views: 4418

Re: Question about Edward Jones disapproval

Prime candidate to share the “If You Can” free pdf by William Bernstein.

Very quick read and free online.
by mortfree
Sun May 24, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3016

Re: Would you pull a trigger on a home purchase or continue renting?

With a home you would be throwing your money away on interest and property taxes As a renter you're throwing it away on your rent. When it's financially responsible, I think the long term benefits of home ownership are pretty considerable. Did you snip home repair and maintenance from my original q...
by mortfree
Sun May 24, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3016

Re: Would you pull a trigger on a home purchase or continue renting?

With a home you would be throwing your money away on interest and property taxes (if not deductible), Home repair and maintenance, etc.

Great salary. Good cash savings.

Up your retirement contributions if you aren’t maxing out 401k
by mortfree
Sun May 24, 2020 6:58 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3462

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Dealers might be open on Monday if you want to get those emails out sooner.

Don’t forget about insurance.

Title, loan and insurance, let us know how that is all handled since this is a gift.

Good luck!
by mortfree
Sun May 24, 2020 6:15 pm
Forum: Personal Investments
Topic: etrade fees on vanguard funds
Replies: 14
Views: 620

Re: etrade fees on vanguard funds

I logged into my E*Trade account. I looked up VTSAX. And just like OP said I saw the net, gross, management, administrative and 12b-1 fees on the fees and expenses tab What are the percentages you are seeing on each? Net: 0.04% Gross: 0.04% Management: 0.03% Administrative: 0.0425% 12b-1: 0% Copy/P...
by mortfree
Sun May 24, 2020 6:11 pm
Forum: Personal Investments
Topic: etrade fees on vanguard funds
Replies: 14
Views: 620

Re: etrade fees on vanguard funds

I logged into my E*Trade account. I looked up VTSAX. And just like OP said I saw the net, gross, management, administrative and 12b-1 fees on the fees and expenses tab Is that specific the the solo 401k? I have a taxable account, Roth and two custodial accounts. I just used the search function for ...
by mortfree
Sun May 24, 2020 6:03 pm
Forum: Personal Investments
Topic: When to start investing again?
Replies: 11
Views: 1184

Re: When to start investing again?

Tuesday. Definitely Tuesday.
by mortfree
Sun May 24, 2020 5:48 pm
Forum: Personal Investments
Topic: etrade fees on vanguard funds
Replies: 14
Views: 620

Re: etrade fees on vanguard funds

I logged into my E*Trade account.

I looked up VTSAX. And just like OP said I saw the net, gross, management, administrative and 12b-1 fees on the fees and expenses tab
by mortfree
Sun May 24, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3462

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

I think you said this is the car they want at some point in the thread.

However just want to be sure they will be comfortable owning this car.

Make sure the car is titled in their name and not yours.

Edit: your “kind gesture” is lost for the reason you are doing this. There will always be haters.
by mortfree
Sat May 23, 2020 6:53 am
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 7456

Re: NJ property taxes too high. What are my alternative states?

8k per year?

I’m in PA and that is less than what a lot of us pay.

You might be splitting hairs or you may find what you are looking for.
by mortfree
Sat May 23, 2020 6:49 am
Forum: Personal Investments
Topic: What do we do with “house” funds if we decide to rent longer term?
Replies: 9
Views: 862

Re: What do we do with “house” funds if we decide to rent longer term?

50% of existing house fund remains in cash.

The other 50% gets invested at some asset allocation between 30:70 to 60:40 Whatever you are comfortable with.

I am not the smartest so see what others say.
by mortfree
Fri May 22, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28699

Re: The axe falls and I am prepared. What's next?

Sorry to hear.

Will you stop your 401k contributions for the remaining paychecks or doesn’t it matter?

How are you feeling about having a mortgage now - any change in your opinion?
by mortfree
Fri May 22, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy Here?? [CARES payment received via prepaid Visa]
Replies: 66
Views: 6701

Re: Something Fishy Here??

It is legit. I read the article the other night as it was posted on Apple news app.

They most likely did not have your bank information. And decided that this is a fast and easy way to get the money to people.
by mortfree
Thu May 21, 2020 6:47 pm
Forum: Personal Investments
Topic: Trying to determine our next move...
Replies: 4
Views: 608

Re: Trying to determine our next move...

When I felt like I had too much money I started maxing my 401k.

This year the limit is 19.5k

Do that.

Problem solved
by mortfree
Tue May 19, 2020 7:41 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3729

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

If your position has a loss be sure to sell prior to the new tax year (2021) so you can claim it on your 2020 taxes.
by mortfree
Mon May 18, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on refinancing mortgage
Replies: 6
Views: 615

Re: Advice on refinancing mortgage

If you are both in the mortgage for refi and then divorce chances are you will need to refinance to get just your name on it.

I am not a lawyer or a real estate mortgage officer. I just read the fine print of my current refi.
by mortfree
Mon May 18, 2020 6:45 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3729

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

What if 6k is < 1% of your total investments?

Would folks still advise investing until you can contribute it to a Roth?
by mortfree
Mon May 18, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?
Replies: 43
Views: 1511

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Costco if you can

Regarding understanding dialogue, as part of your hearing exam you will be tested for a word recognition score.

HA’s will not give you super hearing powers. Your hearing still sucks.

Born with hearing loss. Managed to go without HA’s until age 38. Costco.
by mortfree
Sun May 17, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4314

Re: Three years of emergency fund too much in this time?

Is the 200k taxable account your emergency fund or is that in addition to your cash emergency fund? I originally thought the taxable account was investments. How much cash are we talking? Everyone’s situation is different but I think 100k cash would be my limit. That’s probably 2-2.5 years I recentl...
by mortfree
Sun May 17, 2020 2:59 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3729

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

I assume OP is preparing for 2021.

I overfund my EF then transfer the 6k in January of the new year.
by mortfree
Sat May 16, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down mortgage
Replies: 7
Views: 745

Re: Invest or pay down mortgage

Maybe you could refi to a 20 or 15-year mortgage. I had a 40k EF pre-Covid. Now EF is 65k or so. Other considerations for extra money would be home improvements, maintenance and upgrades. Car? If you need something done and don’t have the cash for it, most likely the rate to borrow money would be mo...
by mortfree
Sat May 16, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5339

Re: Thinking of buying a boat during pandemic – am I CRAZY?

It’s probably a violation to not have a boat if you have a lake house.
by mortfree
Sat May 16, 2020 3:41 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10392

Re: Please tell me I'm not crazy

You keep referring to current standard of living if you lose your job.

Yes you can cut some things but with job loss what will you do for medical insurance?

That would be an added expense right?
by mortfree
Thu May 14, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12076

Re: Selling home - low ball negotiation

I offered 380k on a 425k house. I knew I was low.

They came back with 420k.

That should be a similar move for you.

Note I didn’t buy that house but it sold eventually for 420k
by mortfree
Wed May 13, 2020 10:02 am
Forum: Personal Investments
Topic: Cash out refi to invest 100k
Replies: 30
Views: 2199

Re: Cash out refi to invest 100k

PMI will probably be required

I wouldn’t do it at all.
by mortfree
Wed May 13, 2020 1:37 am
Forum: Investing - Theory, News & General
Topic: Experts say now is not the time to buy into index fund
Replies: 38
Views: 4521

Re: Experts say now is not the time to buy into index fund

^^^^

Forrest also invested in a fruit company - Apple
by mortfree
Wed May 13, 2020 12:49 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1411
Views: 190465

Re: Tomorrow student debt free!

If you feel nothing on Thursday then you are handling your finances appropriately.

Congrats and enjoy the moment- for however long that may be.
by mortfree
Wed May 13, 2020 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7611

Re: Should you include home equity in Net Worth?

I focus on 4 categories: Retirement savings Taxable Investments Cash Home equity Then I run numbers with all four. I figure out the percent of the total for each category. Then when I don’t want to feel “rich” I subtract out the house. When I want to feel “poor” I only look at taxable investments an...
by mortfree
Tue May 12, 2020 7:35 pm
Forum: Investing - Theory, News & General
Topic: Experts say now is not the time to buy into index fund
Replies: 38
Views: 4521

Re: Experts say now is not the time to buy into index fund

Tv ratings. That is all this is about.

Move along.
by mortfree
Tue May 12, 2020 5:49 pm
Forum: Personal Investments
Topic: Invest or Pay Down Mortgage?
Replies: 14
Views: 905

Re: Invest or Pay Down Mortgage?

I would play with an amortization schedule. Double payments have you paid off in 3 years. How much of 50k would you need to: Payoff mortgage in 3 years but without double payments? If more than 50k needed, maybe 1.5 times monthly payment Or Payoff mortgage in 2 years with accelerated payments. Or an...
by mortfree
Mon May 11, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5953

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5953

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5953

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5953

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency?

I’m sitting on 75k cash right now.
by mortfree
Sun May 10, 2020 12:58 am
Forum: Personal Consumer Issues
Topic: Where should I go for extended warranty on my Toyota?
Replies: 35
Views: 1844

Re: Where should I go for extended warranty on my Toyota?

Skip the warranty.

Earmark $100/month for a potential repair.

You’ll probably never need it, just like the warranty.

Except you’ll still have your money.
by mortfree
Sun May 10, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 15
Views: 1675

Re: How much house can we afford?

What’s expensive to you? What do the homes in this particular neighborhood cost? They go anywhere from 500k to 1mil depending on the house My first house was 220k Current house was 400k and that was expensive to me. Don’t think that you have 800k if you said only 250k is not retirement savings. Why...
by mortfree
Sat May 09, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 15
Views: 1675

Re: How much house can we afford?

What’s expensive to you?

What do the homes in this particular neighborhood cost?

My first house was 220k

Current house was 400k and that was expensive to me.

Don’t think that you have 800k if you said only 250k is not retirement savings.
by mortfree
Sat May 09, 2020 8:52 pm
Forum: Personal Investments
Topic: 50K to invest, Where to put it??
Replies: 13
Views: 1531

Re: 50K to invest, Where to put it??

Consider a home equity loan or line of credit.

But I wouldn’t do that to invest.

Why not just use new money?
by mortfree
Sat May 09, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Got divorced how to get most value for exes wedding ring
Replies: 42
Views: 5079

Re: Got divorced how to get most value for exes wedding ring

There was a website called. I do, now I don’t.

See if they still let you list rings there
by mortfree
Sat May 09, 2020 6:44 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a house with leaky roof (fixed ~1 week ago)
Replies: 34
Views: 2389

Re: Advice on buying a house with leaky roof (fixed ~1 week ago)

Walk away. Or be prepared to pay money to fix it the right way. Assuming it is fixable. I don’t think anyone you listed will be looking out for you. Other than hiring your own roofer to do the inspection If anyone involved recommends a certain person or company do not hire that company. You might ev...