Search found 604 matches

by mortfree
Wed Dec 13, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Almost fell off my chair...
Replies: 11
Views: 2423

Re: Almost fell off my chair...

Congratulations. If you hear about a market crash in the news at some point in the coming weeks/months/years - the best thing for you to do might be not to log in and look until things are on the way to recovery :) So true - in 2008 I stopped opening my quarterly 401K statements. I knew the market ...
by mortfree
Wed Dec 13, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Sinking fund for dream cars
Replies: 19
Views: 905

Re: Sinking fund for dream cars

Trade in the 2003 Pilot for a Lexus, now. You drive the 2015 and the wife gets the lexus (assuming she wants that car, of course) why wait till later? as others have said those makes/models might not even exist when you are ready to buy. If you are going to retire at 54 and are already planning ahea...
by mortfree
Fri Dec 08, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 2914

Re: Do you have any guilty pleasure investments?

I have no feelings of guilt when it comes to my individual stock investments....



.
by mortfree
Tue Nov 28, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: Best bluetooth single ear headphone that's not a headset?
Replies: 2
Views: 153

Re: Best bkuetooth single ear headphone that's not a headset?

You may want to look at a company called Bragi...

research it and decide for yourself.
by mortfree
Tue Nov 28, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

RRAAYY3 wrote:
Tue Nov 28, 2017 9:31 am
from garden state honda: $23,766 everything included ... meh.
remember the numbers I gave you...

22170 plus sales tax (0.06 as example) = 23500 (that doesn't even include the doc fees, etc).

are you sure it's meh or do you have unrealistic expectations?
by mortfree
Mon Nov 27, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

RRAAYY3 wrote:
Mon Nov 27, 2017 9:44 pm
is there a general rule of thumb off MSRP to negotiate?
You should negotiate off of invoice price. Not MSRP
by mortfree
Mon Nov 27, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

I just don’t have the patience to deal with that game and time suck. I target 2 hours for start to finish on the process.

You are prepared for it so go ahead with the test drive.
by mortfree
Mon Nov 27, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

Have a tentative appointment scheduled for tomorrow to test drive the Sport They refuse to give me a bottom line number but did say they would beat the 21,300 quote I have elsewhere Printed out that quote as proof ... they said they could take a $500 deposit on the car and hold it for me until I ne...
by mortfree
Mon Nov 27, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 71
Views: 6659

Re: How much to tip movers?

bump rather than new thread... moving this week. 2 trucks, 5 movers at 230/hr. estimate 8-9 hours, so it will be right around $2,000. family members have used this company twice before. house is 4 bedrooms plus 4 rooms (~2500 sq ft). 2 adults and a 4-year old (to get an idea of contents); moving int...
by mortfree
Sun Nov 26, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

I looked at my dealers website. 2018 civic hatchback (4 in stock) LX: MSRP is $21575. After Instant savings $20,689 3 Sport models MSRP is 23,175. After savings 22170 MSRP is 23,175. After 22,095. Special financing through Honda is for the 2017 model. I didn’t see any for the 2018 My credit union ha...
by mortfree
Sun Nov 26, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Extra Mortgage Payments
Replies: 5
Views: 848

Re: Extra Mortgage Payments

Term life Insurance 529 Charitable contributions Home improvements Upgrade vehicles if old Vacation Vacation home Though I think you are looking for ways to make your money work for you. These probably are bad ideas that I came up with Open a business Buy a franchise Rental property Silent owner of ...
by mortfree
Sun Nov 26, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1505

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

I don't understand the concept of a buyer "getting back" money from a closing. I am walking away with more cash from the sale of my home than I need to complete the purchase of the new (to me) house. I chose to borrow more to get some equity back. But my numbers were based on the original amounts p...
by mortfree
Sun Nov 26, 2017 5:37 am
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1505

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

If you are going to pay down the mortgage with your extra I would wait a until a few payments have been made on the loan to ensure the current lender is not going to sell the mortgage right away and you end up with a new servicer. You also need to make sure the extra payment is applied to principal...
by mortfree
Sat Nov 25, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1505

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

You bought a home to live in, not as an investment. At that low mortgage interest rate, put that $4K to work in an investment that will return better than your actual mortgage rate (interest rate - your tax deduction). Once you have amassed a tremendous amount of wealth to cover all of your retirem...
by mortfree
Sat Nov 25, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter did Summer job
Replies: 20
Views: 1904

Re: Daughter did Summer job

My only reluctance in funding my employed teen's Roth IRA is their financial priorities don't lend towards retirement savings. I'd rather put that money in a 529 or a vehicle that lends itself towards withdrawal for a down payment on a house when my kids are ready. They can save for their own retir...
by mortfree
Sat Nov 25, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1505

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

I don't understand the concept of a buyer "getting back" money from a closing. I am walking away with more cash from the sale of my home than I need to complete the purchase of the new (to me) house. I chose to borrow more to get some equity back. But my numbers were based on the original amounts p...
by mortfree
Sat Nov 25, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter did Summer job
Replies: 20
Views: 1904

Re: Daughter did Summer job

My only reluctance in funding my employed teen's Roth IRA is their financial priorities don't lend towards retirement savings. I'd rather put that money in a 529 or a vehicle that lends itself towards withdrawal for a down payment on a house when my kids are ready. They can save for their own retir...
by mortfree
Sat Nov 25, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1505

First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

$200,000 mortgage 30-year 3.875% $940/month(P&I) My first payment will be coming due soon. the lender overestimated closing costs originally and I will be getting an extra $4K (~$19k total back) than I had planned. Playing with the amortization schedule, If I pay $3940 for the first payment that kno...
by mortfree
Sat Nov 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff remaining auto loan or finish remaining 16 months?
Replies: 13
Views: 953

Re: Payoff remaining auto loan or finish remaining 16 months?

You have already paid the majority of the interest with the loan. [/b][/u] True - but that is not because interest on loans is "front loaded" any more. That used to be the case a generation or two ago, but in recent years all of the auto loans I have seen charge interest on the unpaid balance (prin...
by mortfree
Sat Nov 25, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff remaining auto loan or finish remaining 16 months?
Replies: 13
Views: 953

Re: Payoff remaining auto loan or finish remaining 16 months?

You have already paid the majority of the interest with the loan. If you have an emergency and your EF is low will you need to borrow or charge a certain amount to cover it? Chances are that rate will be higher than the car loan. Anyways I would do the math this way if you want to be done with it. A...
by mortfree
Sat Nov 25, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Should I keep the new iPad I bought or return it?
Replies: 51
Views: 3654

Re: Should I keep the new iPad I bought or return it?

iPhone 5S? Should have upgraded that.


The iPad will be an upgrade from looking at the small phone screen and probably not hurt your eyes as much.
by mortfree
Fri Nov 24, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2857

Re: CAR: Buy new, buy used (2016), lease new

Do not pay in full. They will make you pay more if they know you could pay in cash. Take the Honda financing. The dealer will be happier if you finance the purchase. Put a few thousand down to get the 250-275 per month payment. Pay it off whenever you feel like it. Buy new. I paid 20800 for a 2017 A...
by mortfree
Thu Nov 23, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investment suggestions after arrival of a new born
Replies: 13
Views: 968

Re: Investment suggestions after arrival of a new born

He has savings accounts (2) and an investment account of his own (MGK, MGV, AAPL, BRKB). He is 4 years old now. a 4 year old can buy stock? and have an investment account solely in their own name? Thanks for catching my slip up. They are UTMA or whatever. Some people invest “for” their kids in an a...
by mortfree
Wed Nov 22, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 2991

Re: Making collegebound Kid Financially Savvy Questions..

Do colleges allow freshman to have a car on campus? Why are you so anxious to give her several avenues for spending? You are already seeing her current spending habits but want to get a credit card and a checking account. I also am not surprised that she shows no interest in tracking her spending. N...
by mortfree
Wed Nov 22, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Investment suggestions after arrival of a new born
Replies: 13
Views: 968

Re: Investment suggestions after arrival of a new born

Outdoors beat me to it but here is my reply anyways Do you have term life insurance for yourself? Are you maxing out your tax sheltered investment accounts (401k or similar, Roth) or at least contributing a good portion of your income? For the newborn, a savings account is good. Consider an online o...
by mortfree
Wed Nov 22, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: New car buyers...you should consider financing
Replies: 39
Views: 3251

Re: New car buyers...you should consider financing

Me: (via email). Hi Mary I would like to purchase 2017 Honda Accord LX (stock number xxxxx) for $20xxx plus tax and tags transferred. I will finance with Honda Financial at the 0.9% for 48 months. I will trade in my 2011 Accord that you sold to me. I will be in tomorrow at 4pm. Mary: Ok. I can do th...
by mortfree
Wed Nov 22, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15-Year Fixed or Not?
Replies: 10
Views: 618

Re: Refinance to 15-Year Fixed or Not?

$112,500 Adjustable Rate Mortgage - current rate 4.15% (will be adjusted next fall), 25 years remaining, house is worth $230,000 or more If we were to refinance to a 15-year fixed, our current bank (small credit union) would give a 3.85% interest rate with $1,600 in closing costs. Those are a lot o...
by mortfree
Wed Nov 22, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12078

Re: Help DW gets fired, but then next day her boss offers her job back

Thats what I told her [about - moderator prudent] training her replacement, she doesn't owe them anything and the nerve of her employer to even ask her that. That day I told her to quit right there on the spot. I think the last thing someone who is being let go should say is I quit - then they lose...
by mortfree
Tue Nov 21, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) fees
Replies: 18
Views: 1713

Re: Certified Financial Planner (CFP) fees

Thanks for all replies, much appreciated. I will follow-up with posted suggestions and use site bh site tools to reduce my stress and gain investment knowledge. Does giving someone $50,000+Fund fees of your money over 5 years stress you out? If so, then you definitely want to manage your own accoun...
by mortfree
Tue Nov 21, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: Daycare Parting Gift
Replies: 16
Views: 1112

Re: Daycare Parting Gift

I am at cross with my wife on this. I would appreciate people's reaction here. Thanks a lot for your help. I find that my wife is usually more in tune with these kinds of things than me. I'd want to give the teacher x, but apparently something as simple as a target gift card is even better. I am th...
by mortfree
Tue Nov 21, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 56
Views: 7327

Re: Concerned parent :(

What I can hear from most of you are to open a 529 plan. My concern is if there occurs any urgent family emergency situation and I need money, then we should be able to take from this account. but with 529 plan, we can't right ? So that directs me to ask - What is your opinion about opening a Savin...
by mortfree
Mon Nov 20, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Investing at the top
Replies: 19
Views: 1442

Re: Investing at the top

Today’s top is another day’s bottom. Just don’t know what day that is...



.
by mortfree
Sat Nov 18, 2017 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4127

Re: Help with Understanding How to Handle Bonus

It usually takes at least 1 - 2 pay periods for a new contribution level to take effect. So OP needs to jump on changing the contributions if he/she wants to have some impact before the end of the year. My bonus for 2017 will be paid out in 2018 :annoyed - But at least it makes for easier tax plann...
by mortfree
Fri Nov 17, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Car shopping tomorrow
Replies: 61
Views: 5441

Re: Car shopping tomorrow

4. Any car negotiating tips would be appreciated ... Pretty much sold on the Civic (thinking 2017 model since it looks exactly like 2018 anyway) just going for a test drive since I finally have the afternoon free - no intention of signing anything. looks like they have some nice holiday offers / le...
by mortfree
Thu Nov 16, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 24
Views: 2406

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

pondering wrote:
Thu Nov 16, 2017 8:43 pm
I put the calendar item for about 20 months from now for the two year renewal I did earlier this year.

Getting the stickers off has been challenging.
Edit: remove the license plate THEN
Use a hair dryer. Peels right off
by mortfree
Thu Nov 16, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12573

Re: Request for Promotion letter to Senior Management

I thought OP was really holding out for March 2018 so he can get his bonus that he earned in 2017. No sense leaving now and forfeiting the bonus. A lot of people get hung up on Job titles and promotions... as someone else pointed out the - upside versus downside in this situation seems to say, stay ...
by mortfree
Thu Nov 16, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 25
Views: 2990

Re: Pile of Cash - What to do

lt1948 wrote:
Thu Nov 16, 2017 10:26 am
I did, I've deployed 800k into the markets in 2017
so another 400k in 2017...

or if you want to DCA, 400k in Jan 2018.

then it all didn't go in 2017 :D

Good problem to have - congrats on many levels
by mortfree
Thu Nov 16, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 2008

Re: RE sale: long close vs. bird-in-hand

Who has the greater sense of urgency with Option A - you or the buyers? meaning, if you request that they waive the need to sell their home first then you will go with them; otherwise you will do Option B. call their bluff? You could also tell Option A people you'll take a few grand less if they jus...
by mortfree
Thu Nov 16, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4764

Re: Fair way to split expenses?

I can't imagine that there is any other way to do it than 50/50. You can have separate accounts, but in the end, isn't that (50/50) what marriage is supposed to be? JT You lack imagination.:) There are tons of people that are more comfortable with some split. It might seem crazy to you. Keeping fin...
by mortfree
Thu Nov 16, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4127

Re: Help with Understanding How to Handle Bonus

Slight twist to the above: I would boost your 401k contributions for 2017 to a higher level. How many paychecks do you have left this year - 3 ? Hold onto the bonus money. Dip into it IF needed for Nov/Dec. In January 2018, Whatever money is left from the bonus at that point, put it towards the stud...
by mortfree
Wed Nov 15, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4764

Re: Fair way to split expenses?

On a household basis: my wife pays the cable, electric, gas (heat) bills. She contributes to daycare, groceries, water/sewer. clothing and other expenses for our son. She makes her car payment (gasp!), cell phone, car insurance and I pay my 2 car payments (yikes - so not a BH!), car insurance, cell ...
by mortfree
Mon Nov 13, 2017 5:32 am
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1506

Re: "Starter House" - to pay off or not?

I wouldn’t pay it off if you you will be buying another home in 1-2 years. You would be tying up your cash reserves in the house and would probably be forced to sell in order to have a down payment on the next home. But wouldn’t having a HELOC allow us to use that to make a down payment without hav...
by mortfree
Sun Nov 12, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1506

Re: "Starter House" - to pay off or not?

I wouldn’t pay it off if you you will be buying another home in 1-2 years. You would be tying up your cash reserves in the house and would probably be forced to sell in order to have a down payment on the next home. This would force you to have a contingency on the sale of your home when placing the...
by mortfree
Wed Nov 08, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37723

Re: Did you tell anyone you paid off your mortgage?

Resurrecting old thread.. I'm about to drop the payoff check for my mortgage in the mail. It took me a little over 19 years to reach this point. I was honestly considering a FB post to brag a little but leave it to the wisdom of forum to suggest otherwise... I think I'll limit the news to a few clo...
by mortfree
Tue Nov 07, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: My Dad's slides
Replies: 21
Views: 2489

Re: My Dad's slides

Most of the photos are of my mother and father on several vacations, with lots of shots of cityscapes, landscapes, museums, views from boats, vista rest stops, and hotel balconies , plus groups of people (some of whom I recognized); plus, of course, myself and my sister when we were young. Any sugg...
by mortfree
Mon Nov 06, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Which Debt to Payoff First?!
Replies: 23
Views: 2081

Re: Which Debt to Payoff First?!

I would choose between the Mortgage if you are paying PMI or student loan just because of the loan amount.

This car will not be his last car and I would guess the next car would not be bought with cash either.

I would really try to go higher than 3% for 401k.

Details are lacking
by mortfree
Sun Nov 05, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: How to Label Plastic Boxes
Replies: 15
Views: 979

Re: How to Label Plastic Boxes

Packaging tape first (angle corner for easy removal)

Label on that layer of packaging tape

Packaging tape over that layer
by mortfree
Thu Nov 02, 2017 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Buying Vanguard ETF's VTI and VXUS
Replies: 61
Views: 3881

Re: Buying Vanguard ETF's VTI and VXUS

I would stick with the ETFs if it is a taxable account. This is in my Vanguard brokerage account, so yes it is a taxable account. So now I am torn between the two and not sure what to do Agree with the above-ETF is the way to go in the taxable account. I have VTI in a Vanguard taxable account. You ...
by mortfree
Wed Nov 01, 2017 4:13 am
Forum: Personal Consumer Issues
Topic: Electric fireplace
Replies: 13
Views: 1125

Re: Electric fireplace

I can tell you the heat output for any electric heater that plugs into an outlet, regardless of whether it is the $15 special at the big box store or the $400 "Amish miracle heater" is 1500W or 5100 BTU/hour. This is the key point. In addition to the type of heat (infrared, etc). Basically you are ...
by mortfree
Mon Oct 30, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8989

Re: My 401k is almost all cash now. 1/2 Mil

Stay in cash.

Your strategy has helped us all thus far :D

But really should be invested. Even if you go 40:60 for stocks:bonds