Search found 1382 matches

by mortfree
Mon Jan 14, 2019 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Savings/Money Market for parking cash
Replies: 19
Views: 2061

Re: Savings/Money Market for parking cash

Minor points. Not FDIC insured Expense ratio of 0.16 $3k minimum investment to start. Admiral shares available with 5 million minimum. FYI, the expense ratio is already factored into the SEC yield, so it's a non-issue when comparing yields. VMMXX's SEC yield is 2.45% now, so that's what you compare...
by mortfree
Mon Jan 14, 2019 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Savings/Money Market for parking cash
Replies: 19
Views: 2061

Re: Savings/Money Market for parking cash

Minor points.

Not FDIC insured
Expense ratio of 0.16
$3k minimum investment to start.

Admiral shares available with 5 million minimum.
by mortfree
Mon Jan 14, 2019 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Moving from escrow to Savings
Replies: 6
Views: 617

Re: Moving from escrow to Savings

I have never used escrow (homeowner for 13 years). Peace of mind that I am in control of making the payments when they are due and I can get the 2% discount. I can save at my own pace rather than being forced to pay each month. This past year was the first time I took money that covers school taxes ...
by mortfree
Sun Jan 13, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5161

Re: Took on too much mortgage, seeking advice on where to put money going forward

condobaker431 wrote:
Sun Jan 13, 2019 4:05 pm

- 300 to furniture/appliance payment (0% interest)
I don’t think anyone said something about this.

This should be added to your debt category so you just don’t have an auto loan as debt.

$300 per month will be a good boost when you have it paid off.
by mortfree
Sun Jan 13, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5161

Re: Took on too much mortgage, seeking advice on where to put money going forward

5) Sounds like buyer’s remorse 4) refinance to a lower payment? So you will put more money into the house to eliminate PMI? At least google recast mortgage. Rates are going up, not down. Getting rid of PMI is a good goal I wouldn’t sacrifice retirement savings to direct money to the mortgage. I woul...
by mortfree
Sat Jan 12, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2278

Re: 29 Y.O. with a $60,000 bonus

The bonus is for your departments performance. But you are a business owner. What income belongs to you and what income belongs to the business? Maybe I’m just not following along since you went from 60k in your pocket to owing taxes, accidentally contributing to a Roth , etc. I also like the part w...
by mortfree
Sat Jan 12, 2019 9:06 am
Forum: Investing - Help with Personal Investments
Topic: cash
Replies: 13
Views: 1513

Re: cash

Thanks all! Honestly, I don't need the cash for anything. I have zero debt and I own my home. I guess the point of the $250,000 is if theres a market crash (more than 30%) I will deploy more towards the market at that time. That’s pretty confident of you to think you will know when. How much would ...
by mortfree
Tue Jan 08, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2002

Re: What are my options with the current mortgage?

You are a self described big saver. Will you save more than $250,000 over a 30- year period? How much in interest have you paid thu far? As unclescrooge said, you can start paying extra each month now. Just get very familiar with the amortization schedule by creating and inputting all the payments t...
by mortfree
Tue Jan 08, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay more than the minium on my mortgage?
Replies: 39
Views: 5191

Re: Should I pay more than the minium on my mortgage?

I guess I thought I made it pretty clear that I was already maxing out my Roth. If 26% of my base income isn't saving enough for retirement I might as well sell the place and move into a cardboard box so I can save more. Just be sure you are in a LCOL area and resist the temptation to do any renova...
by mortfree
Tue Jan 08, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus toward student loans or 401(k)?
Replies: 18
Views: 912

Re: Bonus toward student loans or 401(k)?

For my bonus, I contribute 6% so I get the employer match on that contribution. I do max out the 401k by the end of the year (no true-up for match). Which monthly payment is higher - student loans or mortgage? Which balance is lower - student loan, right? It’s a great feeling to be rid of the studen...
by mortfree
Mon Jan 07, 2019 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: In Need of (Real) Financial Advice
Replies: 14
Views: 1528

Re: In Need of (Real) Financial Advice

Consider setting up a separate direct deposit with each paycheck ($750/pay or similar?) to a different account (like Ally or CapOne).

If it doesn’t reach your normal account you won’t see it or spend it.

Just an idea.
by mortfree
Sat Jan 05, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investing vs debt payoff?
Replies: 6
Views: 383

Re: Investing vs debt payoff?

The previous posters nailed it. I would just add, did you purposely take on the debt (mortgage, low interest car loan) or were you forced to (high interest credit card) Edit: I didn’t complete my thought (not that it matters) First example was leverage, where you have the cash to pay for these items...
by mortfree
Sat Jan 05, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: washer dryer rec
Replies: 22
Views: 1496

Re: washer dryer rec

I always see Speed-Queen recommended on this site.

I went the lower prices route and got GE top loader washer with agitator and electric dryer. ($900 total or so if I remember right)
by mortfree
Sat Jan 05, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay more than the minium on my mortgage?
Replies: 39
Views: 5191

Re: Should I pay more than the minium on my mortgage?

There isn’t enough info to give a really good answer (not from me, but the experts on here) Increase your 401k to 20%. When a girlfriend becomes a wife you can probably expect to be moving. Maybe you already know that answer. So don’t put the extra towards the mortgage right now. Mainly because you ...
by mortfree
Sat Jan 05, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20213

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I’ll focus on the groceries. Who does the grocery shopping? I do the shopping since I am better at math. I clip coupons. I use the grocery store app for more coupons. I price shop and stock up when things are on sale. Early on when my wife would shop with me the bill was always so much higher. She i...
by mortfree
Sat Jan 05, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: Getting AT&T to Stop Charging Me.......
Replies: 12
Views: 1045

Re: Getting AT&T to Stop Charging Me.......

Are they charging a credit card?

Maybe you can have the credit card company do a partial dispute
by mortfree
Sat Jan 05, 2019 5:19 am
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3596

Re: What Sudden Needs of Cash Do You Prepare For?

This is the first year where we've been able to halt some of our monthly savings into the following categories (as they've reached what we wanted saved up), and now all extra funds are going into retirement accounts This is what stood out to me. If I understand correctly You are/were sacrificing th...
by mortfree
Sat Jan 05, 2019 4:41 am
Forum: Personal Finance (Not Investing)
Topic: RE: Big Down Payment vs Small Down Payment
Replies: 11
Views: 1239

Re: RE: Big Down Payment vs Small Down Payment

The monthly payment is different by $1000 (appx).

You didn’t factor that in to your evaluation.

That’s 120,000 over 10 years if saved and 0 return to the higher down payment side of things.
by mortfree
Thu Jan 03, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 177
Views: 9238

Re: Which Compact SUV Should I Buy?

Maybe a fellow BH will sell you their 2017 CRV.

Seriously check out the 17-page thread (and growing) on the CRV gas-oil dilution if you are even thinking about the CRV.
by mortfree
Thu Jan 03, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Our financial situation
Replies: 18
Views: 2455

Re: Our financial situation

I guess I also want to know if we look good for retirement. I really don't know where we should be at this point. Sometimes I feel like we're doing fantastic and other times I get nervous. One way to look at it: 800k house 800k retirement Other savings: not as much. You might fall under the categor...
by mortfree
Wed Jan 02, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Our financial situation
Replies: 18
Views: 2455

Re: Our financial situation

Is the $3000 mortgage payment the required amount or are you also paying extra each month? At that rate you will have it paid off in about 15-16 months or so??? Quick guess. Which would mean you are SO close to payoff. Seems like you may need/want to focus on savings outside of retirement but are to...
by mortfree
Wed Jan 02, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does this car repair quote seem reasonable???
Replies: 19
Views: 1344

Re: Does this car repair quote seem reasonable???

That would be 14 payments (out of 48) for my 2017 accord (hopefully it doesn’t have the oil-gas dilution).

Find a cheaper, long term fix or trade it in.
by mortfree
Wed Jan 02, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Bonus: Etiquette
Replies: 47
Views: 7622

Re: Christmas Bonus: Etiquette

I know this is a year later but I was searching about this because I gave surprise holiday/end of the year bonuses and I'm surprised and honestly upset that only 4 out of 12 thanked me. I own a small business, everyone is part time. Business did well in the beginning of December so I decided to giv...
by mortfree
Wed Jan 02, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 829
Views: 118555

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Trade it in already, please.

Also as you are the worrying type could Honda come after you for libel with this thread?

I am not a lawyer.
by mortfree
Tue Jan 01, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: High interest online savings with sub-accounts (like Capital One)?
Replies: 11
Views: 864

Re: High interest online savings with sub-accounts (like Capital One)?

If you are at CapOne do you have the money market account (2% for 10k or more)?

Trying to figure out your 1% spread versus other banks.

Consider the 12-month CD at 2.8%.
by mortfree
Tue Jan 01, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Purchased eBay item, now listing show Out of Stock
Replies: 14
Views: 829

Re: Purchased eBay item, now listing show Out of Stock

Maybe you bought the last one.
by mortfree
Tue Jan 01, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7722

Re: Is everyone maxing out their Roth IRA today? AA question too.

I went to transfer $6k for my 2019 Roth via Vanguard website (from Vanguard taxable MM fund) but the transfer from my external bank account hadn’t settled so I wasn’t able to make the contribution. I had $3k in Vanguard already but the other half was still being transferred. Nothing wrong with a tar...
by mortfree
Tue Jan 01, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Why doesn't my iphone (5c) ring when call comes in?
Replies: 21
Views: 1693

Re: Why doesn't my iphone (5c) ring when call comes in?

Do you see a moon shape on your phone at the top where the time, signal and battery icons are?

That is the do not disturb feature.

You can also have this do not disturb happen for text messages from certain people
by mortfree
Mon Dec 31, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Underfunded escrow account
Replies: 11
Views: 493

Re: Underfunded escrow account

Don’t use an escrow account, unless you have no other choice.
by mortfree
Mon Dec 31, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Purchase Advice Question
Replies: 33
Views: 1126

Re: Another Home Purchase Advice Question

What do homes cost in your area? Are you high cost of living like California, New York? Do you know the school district(s) really well to help in your decision? Why would you want to deplete your taxable account for a house? Also your 1 million example with just $800 to Taxes and Insurance seems out...
by mortfree
Mon Dec 31, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: How Much is Too Much
Replies: 31
Views: 4076

Re: How Much is Too Much

Build up the emergency fund to at least 6 months. Max out retirement accounts. If you have anything left then consider a taxable investing account. Got term life insurance? Why 6 months? Just offering another opinion: https://earlyretirementnow.com/2016/09/07/debunking-emergency-funds-part1/ https:...
by mortfree
Sun Dec 30, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: How Much is Too Much
Replies: 31
Views: 4076

Re: How Much is Too Much

Build up the emergency fund to at least 6 months.

Max out retirement accounts.

If you have anything left then consider a taxable investing account.

Got term life insurance?
by mortfree
Sun Dec 30, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Spot gold down 15% (12/30 at 6 pm central)
Replies: 7
Views: 1054

Re: Spot gold down 15% (12/30 at 6 pm central)

Did gold declare a dividend?


/sarcasm
by mortfree
Sun Dec 30, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: Looking for recommendations on a family SUV.
Replies: 63
Views: 2516

Re: Looking for recommendations on a family SUV.

Funny to see a few CRV recommendations despite the 16 page thread by CULater.

I have a 2014 Pilot and we also have a 2015 RAV4.
by mortfree
Sun Dec 30, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Budget hearing aids question.....,,
Replies: 10
Views: 510

Re: Budget hearing aids question.....,,

I have some hearing loss in my right ear, which I why I always hold a phone to my left ear (and use speaker phone). I'm hoping to never need hearing aids. I am very cautious with my hearing, wearing ear plugs for lawn mowing & leaf blowing even if 99% of other folks don't. When it comes to shooting...
by mortfree
Sun Dec 30, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Selling stock for dummies
Replies: 7
Views: 492

Re: Selling stock for dummies

If there is a fee to sell, be sure to look for the option to sell “all or none”. Otherwise you could be hit with multiple fees to sell the number of shares you requested.

This answer supplied by a dummy.
by mortfree
Sun Dec 30, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Budget hearing aids question.....,,
Replies: 10
Views: 510

Re: Budget hearing aids question.....,,

Costco. Don’t even hesitate.

Bought mine from there 3 years ago (I’m 41)

/thread
by mortfree
Sun Dec 30, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 5688

Re: Home Heating Advice

Most homes on the road use above ground propane cylinders. I figured that was the best way to go until I started investigating other options. I called a local propane service company. They said their current rate for residential propane is $2.00 per gal. The tank for residential is 500 gal filled t...
by mortfree
Sat Dec 29, 2018 9:19 pm
Forum: Forum Issues and Administration
Topic: Site Upgrade Plans
Replies: 14
Views: 1311

Re: Site Upgrade Plans

Special thanks to all the behind the scenes efforts to maintain and improve this wonderful forum. <<<The new machine is an HP DL360 Gen 9 with 64GB ECC RAM and two Xeon E5-2630v3 eight-core processors running at 2.40 GHz.>>>> But can it solve the never ending debate of investing vs paying off the mo...
by mortfree
Fri Dec 28, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice to family members
Replies: 37
Views: 3402

Re: Financial advice to family members

Don’t forget about “If You Can”

Short read and the pdf is available for free online.

Just google that.

It’s tough when you see others struggle with what we find so simple and easy. AND necessary. That is, saving for the future today.
by mortfree
Fri Dec 28, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4434

Re: What do you do with dividends?

Age 41. Dividends in retirement accounts are automatically reinvested. Dividends in the taxable account come from VTI, Apple and Sirius satellite. They are used for various things. But I do reinvest the Sirius dividend automatically. The last two dividends from VTI will be put towards my Roth contri...
by mortfree
Fri Dec 28, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Adding an extra etf to portfolio?
Replies: 8
Views: 619

Re: Adding an extra etf to portfolio?

Before someone asks/complains.

SPHD The Invesco S&P 500® High Dividend Low Volatility ETF (Fund)

What are you hoping to accomplish?

Is it a taxable account?

Are you thinking of it as possible Tax Loss Harvesting partner in your taxable account?
by mortfree
Fri Dec 28, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3332

Re: not funding kid's tuition

How much is your budget for the car - 20k? 30k? Just curious what you would give them for that? Will you also pay insurance? Gas? Maintenance? Registration? Etc? One of the kids in my dorm said his dad offered 100k cash or a college education. no where near 20K. I'm thinking they will either get ha...
by mortfree
Fri Dec 28, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3332

Re: not funding kid's tuition

How much is your budget for the car - 20k? 30k?

Just curious what you would give them for that?

Will you also pay insurance?

Gas?

Maintenance? Registration? Etc?

One of the kids in my dorm said his dad offered 100k cash or a college education.
by mortfree
Fri Dec 28, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Just sold funds to buy car; should we have sold gainers or losers?
Replies: 4
Views: 541

Re: Just sold funds to buy car; should we have sold gainers or losers?

Mistake was not taking out a low interest car loan (if available for the vehicle you are buying).

Otherwise you’ll pay more for the car but at least you get the tax loss (assuming it wasn’t a wash sale).

Hope it isn’t a CRV
by mortfree
Thu Dec 27, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend question
Replies: 7
Views: 755

Re: Dividend question

^^^
11:59pm on 12/20 or midnight 12/21?
by mortfree
Thu Dec 27, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2941

Re: What to do with 1k check for 9 month old son?

Open the UTMA account at Vanguard.

Sign his name on the back of the check and deposit it for Investing.

At least this is what I do and it has worked for me