Search found 440 matches

by sschoe2
Thu Nov 14, 2019 2:22 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 124
Views: 7503

Re: Investing $140k in cash at 1k per week

Consider the case of the worlds worst market timer who always dumped money in right before a crash. He wound up a millionaire anyways.

https://awealthofcommonsense.com/2014/0 ... ket-timer/
by sschoe2
Tue Nov 12, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7604

Re: Vanguard keeps pushing their financial advisors...why?

Not sure if this is actionable but although I didn't mind the emails, every time I log in now there is a pop up promoting Vanguard PAS that I have to X out of before going to my account. That is getting annoying. Is there any way to get rid of it for good?
by sschoe2
Fri Nov 08, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9264

Re: Turbotax 2019 on Amazon

I used Taxact for several years and tried Freetaxusa last year after TA's price went up. I found it pretty easy to use and I had a moderately complex situation last year dealing with my mother's estate, selling her taxable portfolio and IRA, selling the family home with my 2 brother etc. I am planni...
by sschoe2
Thu Nov 07, 2019 6:07 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2929

Re: Cutting the Cord & Live Television

I paid $180 for a rooftop antenna install. I have a Clearstream 4 long range, live 25 miles outside of downtown Chicago and get 72 channels. I also get a ton more over the internet. That is all I really need.
by sschoe2
Mon Nov 04, 2019 2:43 pm
Forum: Personal Investments
Topic: Employer now offering 401k, stop target retirement fund investing?
Replies: 11
Views: 473

Re: Employer now offering 401k, stop target retirement fund investing?

I'd max out the IRA first which is what you have been doing then analyze the 401k in terms of fees and fund offerings. A lot of 401k's are predatory with 1% fees and/or all high expense funds.
by sschoe2
Mon Nov 04, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

They must have reason to believe offering these trips will eventually pay off for them. I put it in the same bucket as credit card and bank sign up bonuses. More like those free dinners to meet with a "financial planner." If sitting through the hardest sell you've ever experienced in your life and ...
by sschoe2
Wed Oct 30, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Grinding sound when braking comes and goes in 2007 Hyundai Santa Fe GLS
Replies: 9
Views: 481

Re: Grinding sound when braking comes and goes in 2007 Hyundai Santa Fe GLS

Have a similar problem in my 2010 Elantra GLS sedan. I think it is coming from the rear drum E-brake (main rear is disc). All my pads are brand new. It often goes away if I use the rear hand brake a few times when at low speed.
by sschoe2
Mon Oct 28, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5462

Re: Home buying advice: Build new or buy used?

Most new homes also have an HOA. Some people like them, I personally won't touch em with a 10 foot pole. I don't trust people with nearly unlimited authority to impose rules, costs, and fines on me with no checks and balances.
by sschoe2
Mon Oct 28, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Furnace air filters
Replies: 37
Views: 2898

Re: Furnace air filters

My furnace filter compartment is designed for only 20X25X5 filters and the cheapest I can find are ~$30. Fortunately they last 6 months. I get them at Menard's
by sschoe2
Mon Oct 28, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 120355

Re: What frugal thing did you do today?

With help from reddit/r/appliancerepair and youtube I fixed my own washing machine (needed a new transmission and clutch) and repiped and replaced the valves going to the WM myself. I wasn't planning on doing it but the old hot shutoff valve form the WM starting leaking from the handle and teflon pa...
by sschoe2
Mon Oct 28, 2019 9:33 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4311

Re: Do You Pay For Financial Advice?

[quote=Holden42 post_id=4810193
Do you pay for financial advice?

No, I do it all myself
[/quote]

Nope I DIY with help from Bogleheads and several other forums when I need. It's pretty simple, maximize income, minimize spending, invest in low cost index funds...
by sschoe2
Mon Oct 28, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: How much money are saving in taxes by using tax deferred options?
Replies: 28
Views: 2739

Re: How much money are saving in taxes by using tax deferred options?

You’re not saving on taxes. You are deferring them. Try Intuit’s TaxCaster and plug in both scenarios. Not always so. For state income taxes if you live in a high tax state and retire and move to a low/no tax state or a state like Illinois that doesn't tax retirement income at all you are saving on...
by sschoe2
Thu Oct 24, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 118
Views: 6304

Re: car battery change or not? 2 year old battery

I replace mine at 5 year intervals or if/when they fail. Also not at the dealer. I go to Autozone\Advance\Oreilly's\Batteries+ whoever has a promo.
by sschoe2
Thu Oct 24, 2019 3:32 pm
Forum: Personal Consumer Issues
Topic: Does the Average Homeowner Need a Water Shut Off Valve?
Replies: 56
Views: 5450

Re: Does the Average Homeowner Need a Water Shut Off Valve?

I have a smart meter that will alert me if it detects a continuous usage or a sudden increase is the average usage.
by sschoe2
Wed Oct 23, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11549

Re: Ok to go without health insurance?

Very bad idea. If either of you have a serious illness and ends up with major surgery or a long hospital stay you could be looking at easily a million or several in bills. You need a HDHP that would cover catastrophic health care costs and also give you access to negotiated rates as healthcare provi...
by sschoe2
Tue Oct 22, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6040

Re: What do Bogleheads think about House Hacking?

It can be risky. If they don't pay or leave you are stuck trying to evict them and living in the same house with them at the same time. I've seen some real eviction horror stories.
by sschoe2
Mon Oct 21, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: Email Compromised On The Dark Web
Replies: 20
Views: 3599

Re: Email Compromised On The Dark Web

Anyone can get an email address. Mine has been listed on the dark web for years. I doubt it is much more useful than knowing your full name.
by sschoe2
Thu Oct 17, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: LG Refrigerator/Freezer lack of service saga
Replies: 39
Views: 2720

Re: LG Refrigerator/Freezer lack of service saga

This is why I don't replace my appliances. The newer appliances have too many circuit boards which are poorly soldered and do not hold up to vibrations and changes in temperature and humidity as well as buggy software. I watch youtube and buy parts to repair my 10 year old appliances.
by sschoe2
Tue Oct 15, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7604

Re: Vanguard keeps pushing their financial advisors...why?

Advising services are a cash cow. They generate a lot of money for very little work. They just have portfolio templates that they pick and put you in. You can do the same with a bit of reading or a target date fund. I just ignore the pitches.
by sschoe2
Mon Oct 14, 2019 9:00 am
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6788

Re: What’s the point of a taxable account?

Some people have really crappy/predatory 401k's that siphon >2% of the AUM each year and have crappy funds (or none at all). If you are in the middle tax brackets and a low income tax state it may be preferable to do a taxable and eat the 15% long term capital gains rate tax. Also money in taxable h...
by sschoe2
Thu Oct 10, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: Honda maintenance schedule?
Replies: 57
Views: 16692

Re: Honda maintenance schedule?

I disagree with MM on the transmission change schedule. At 50k I did not like the color of the fluid that came out so I ended up doing 3 drain and fills to completely replace it. I'd recommend doing a drain and fill every 15k miles. It is easier than an oil change as there is no filter. Just unscrew...
by sschoe2
Wed Oct 09, 2019 3:51 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3398

Re: Employer switching to higher fee 401k admin. What would you do?

retiredjg wrote:
Wed Oct 09, 2019 3:31 pm
I don't think so....The law does not allow a person to roll their elective deferrals (the $19k a year) out of a 401k plan to an IRA while still working there unless they have reached the age of 59.5. And only some plans allow that.
Isn't that the basis of being able to do a megabackdoor Roth IRA
by sschoe2
Wed Oct 09, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital website?
Replies: 26
Views: 2360

Re: Personal Capital website?

I tried Mint and PC and prefer PC's interface and functionality. The initial sales calls for adviser services were annoying but they have not since bothered me.
by sschoe2
Wed Oct 09, 2019 3:13 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3398

Re: Employer switching to higher fee 401k admin. What would you do?

I assume you need to sign something to authorize moving the existing funds from the old custodian to the new one and agreeing to the new terms. If you refuse to sign there might be an option for them to cut you a check or allow you to roll over the existing funds into an IRA. From that point any new...
by sschoe2
Wed Oct 02, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Options for streaming CBS-TV?
Replies: 23
Views: 2206

Re: Options for streaming CBS-TV?

I tried locast from my Samsung smarttv and because it doesn't have a gps in it Locast couldn't verify my location so it wouldn't let me use it. I was having trouble with NBC 5 Chicago but upgraded my rooftop antenna so it is no longer a problem. Last year I paid dish ~$175 to install and wire a roof...
by sschoe2
Tue Oct 01, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Ants immune to Terro or just lots of ants?
Replies: 38
Views: 3036

Re: Ants immune to Terro or just lots of ants?

I used both the Terro baits which are boric acid based and Combat max gel which is Fipronil based. Walmart has the Combat Max roach gel which I dilute 50/50 with maple syrup to get the ants to take it. I was able to eradicate the ant issues in and around my house.
by sschoe2
Mon Sep 30, 2019 9:08 am
Forum: Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 101
Views: 15341

Re: retiring abroad with savings worth 200k...

$200k is really pushing it I wouldn't do it voluntarily. I consider retiring early abroad a definite possibility. I am in a profession (chemistry) where I likely won't get to choose when I retire given how terrible the job market is. I am therefore living frugally and maximizing my savings while I s...
by sschoe2
Mon Sep 30, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1304

Re: Temp Worker - How Much Emergency Fund Do I Need?

Yea anytime I was a temp/contractor I considered finding direct employment my other part time job. Noone in my profession (Chemist) likes temping/contracting because the agencies rip you off horribly. No or substandard benefits and you are earning as little as 1/2 as much as a directly employed work...
by sschoe2
Wed Sep 25, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 8135

Re: How does a bank make money off you? How to ensure they don't

Well then that is what you have to do. A bank or any business that thinks your doing business with them is a license for them to constantly harass you with sales call even when you tell them to stop needs to lose business. Even Comcast has an opt out of sales calls option that works well.
by sschoe2
Wed Sep 25, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 8135

Re: How does a bank make money off you? How to ensure they don't

Just find a bank or even better a credit union that doesn't come with a side of harassing sales pitches. It isn't that hard. I've been with Chase for 20 years or more and I've not had any trouble with them and find their branches helpful when I need something notarized or a cashier's check. If you t...
by sschoe2
Tue Sep 24, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Inside dishwasher smells after cleaning dishes...
Replies: 24
Views: 1436

Re: Inside dishwasher smells after cleaning dishes...

put a small bowel in the top rack filled with cleaning vinegar. Run that through a quick rinse. Then run another quick rinse with some baking soda.
by sschoe2
Tue Sep 24, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: When to give notice
Replies: 29
Views: 3831

Re: When to give notice

Allow me to be the contrarian. I'd give no notice if the company has a history of firing people who give notice. 2 weeks is a courtesy and immediate termination is becoming increasingly common among companies so you have to use your judgement is to whether they are worthy of the courtesy and whether...
by sschoe2
Tue Sep 24, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: How did your Windows 10 upgrade go?
Replies: 60
Views: 3994

Re: How did your Windows 10 upgrade go?

I have it on a desktop that originally came with Windows 7. It went ok but I rarely as in a few times a year use Windows 10. I use Linux Mint as my operating system. I have a separate partition for Win10 that I only really use when I do custom rom and other such work with an old Android tablet.
by sschoe2
Wed Sep 18, 2019 8:10 am
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5232

Re: $2k repairs on $12K car

Those are normal service items. If you don't want to diy particularly the brakes and the transmission you can do a drain and fill or 3. Battery I'd just do at one of the auto parts stores or Batteries+ bulbs. I honestly can't imagine offloading a car because of these maintenance items. The only issu...
by sschoe2
Fri Sep 13, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: What dish soap do you use?
Replies: 54
Views: 3230

Re: What dish soap do you use?

I use some Aldis Dawn knockoff for hand washing stuff and Walmart powder and rinse aid for the dishwasher.
by sschoe2
Fri Sep 13, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 9495

Re: How old is your cellphone?

I have a Pixel 1 that is a little over 2 years old. I am going to have to replace the battery soon otherwise I see no reason to get a new phone in the near future. I was looking at purchasing a used Pixel but the videos I saw on battery replacement looked above my pay grade. That's not going to be ...
by sschoe2
Fri Sep 13, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 9495

Re: How old is your cellphone?

I have a Pixel 1 that is a little over 2 years old. I am going to have to replace the battery soon otherwise I see no reason to get a new phone in the near future.
by sschoe2
Thu Sep 12, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Bike head/rear lights
Replies: 31
Views: 1745

Re: Bike head/rear lights

I do a Tuesday night ride with my bike club. For headlight a Nightrider Lumina model. For the rear any rechargeable blinky should be fine.
by sschoe2
Wed Sep 11, 2019 10:41 am
Forum: Personal Investments
Topic: New Job 401k Investment Options
Replies: 3
Views: 262

Re: New Job 401k Investment Options

I'd invest in the 500 fund enough to get the employer match then max out your IRA before considering investing additional money in the 401k.
by sschoe2
Tue Sep 10, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: Anyone with any experience with Warby Parker eyeglasses?
Replies: 37
Views: 3629

Re: Anyone with any experience with Warby Parker eyeglasses?

LilyFleur wrote:
Mon Sep 09, 2019 2:38 pm
Where do you go to get your new glasses heated up and adjusted to fit your head?
I did some basic adjustments myself.
by sschoe2
Mon Sep 09, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Have you been doing better than your parents?
Replies: 30
Views: 2299

Re: Have you been doing better than your parents?

About the same. My dad was a teacher I am a chemist. He had a very good pension and decent salary, I have a higher salary as a chemist but no pension, no summers off, and much less job security, and my future prospects if I loose my current job are troubling to say the least. I get recruiters wantin...
by sschoe2
Mon Sep 09, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Anyone with any experience with Warby Parker eyeglasses?
Replies: 37
Views: 3629

Re: Anyone with any experience with Warby Parker eyeglasses?

I just order from Zenni Optical. In 2015 I ordered 2 pairs from a friend that owned who is an optometrist and owns a store and paid $600 for one pair of eyeglasses and 1 pair of sunglasses. They scratched up within 2 years. I ordered a new pair of eyeglasses from Zenni it was $50. The frames were fa...
by sschoe2
Wed Aug 28, 2019 9:31 am
Forum: Personal Investments
Topic: hi yield bond fund/junk
Replies: 19
Views: 553

Re: hi yield bond fund/junk

I was tempted to buy some high yield tax exempt in the passed. I did not like some of their holdings like Chicago Public Schools and such.
by sschoe2
Tue Aug 20, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: Replacing brake pads in a Honda CRV 125,000 miles
Replies: 34
Views: 2337

Re: Replacing brake pads in a Honda CRV 125,000 miles

This is really cheap DIY job, $100/axle with rotors and pads of higher quality than Honda OEM. If you were near me I would do it with you so you can see how easy it is. The most difficult part is the darn screws that hold the rotor in. Those almost always need to be either taken out with an impact ...
by sschoe2
Tue Aug 20, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Chicago - What to see, do & eat in two days
Replies: 71
Views: 4048

Re: Chicago - What to see, do & eat in two days

I love pizza and am not a fan of Lou Malnati's. I'd prefer Pequod's, Uno's, Giordano's etc. Chinese food Lao Sze Chuan, there is Greek Town north of UIC on Halsted st. Plenty of restuarants. 2 days isn't much. For kids I'd say Shedd aquarium, Museum of Science and Industry, one of the sky decks eith...
by sschoe2
Mon Aug 19, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: How are you finding "no cost" refis?
Replies: 20
Views: 2460

Re: How are you finding "no cost" refis?

What if you don't have that many years or much money left on the loan? I bought a house last October for $257k with 20% down but also put my portion of my mother's house into the 15 year mortgage so it is down to $138k and is on schedule to be paid off in 9 or 10 years (probably less if I pay extra ...
by sschoe2
Fri Aug 16, 2019 1:00 pm
Forum: Personal Investments
Topic: Plan for my mom
Replies: 30
Views: 2428

Re: Plan for my mom

I agree with the others. She cannot take any risks with that money so CD or high yield savings account. Dump the WF parasites. Go over her finances and cut to the absolute bare essentials, She should also consider a job to boost her income.
by sschoe2
Wed Aug 14, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Dishwasher Fiasco
Replies: 52
Views: 3419

Re: Dishwasher Fiasco

Sometimes you just open the compartment where the electrical cord goes into the unit and remove the electrical wire and hook the existing wire in there. I had a garbage disposal that I installed that was like that. Or you could install an outlet. Or there are two wires that go into the cord you just...
by sschoe2
Mon Aug 12, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: Healthy fast food
Replies: 152
Views: 10930

Re: Healthy fast food

If white rice and MSG were truly that bad, they would be dropping like flies. Biochemist in the food industry here. MSG is monosodium glutamate. It is just the amino acid glutamate with a sodium counter ion. Glutamate is an amino acid. It is in fact the most common amino acid. It is used by the bod...
by sschoe2
Mon Aug 12, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Healthy fast food
Replies: 152
Views: 10930

Re: Healthy fast food

Another vote for Subway. Jewel one of the grocery stores in my area also has subs near the deli for $5.