Search found 847 matches

by djpeteski
Tue Nov 12, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 44
Views: 2573

Re: Homebuying in Los Angeles - Advice Needed

$3500 rent $2000 daycare $1800 monthly expenses $1200 529 contributions Are you sure that is your expenses? I don't feel we are terribly lavish, but we spend about 5K per month without the costs of rent/mortgage, daycare, and 529 contributions. Also we don't make anywhere near to 500K/year. We typi...
by djpeteski
Tue Nov 12, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 5
Views: 420

Re: Should I do a cash out refinance?

Why not liquidate one or more of the properties such that you have the cash to do the repairs/renovations and have zero years left on the mortgage(s)?
by djpeteski
Fri Nov 08, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7076

Re: Should I buy the family cottage?

Here are my thoughts: 1) I would buy the property. I would also rent to my siblings, but at a deep discount. You can look at the property on zillow, and get a decent appraisal, or contact a RE agent. Then if your dad sells to you at 30% of market value then I would rent at 30% of going rate. This wi...
by djpeteski
Thu Nov 07, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Maximize 1 Day at Disney
Replies: 48
Views: 2655

Re: Maximize 1 Day at Disney

posted twice...sorry please delete admins.
by djpeteski
Thu Nov 07, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Maximize 1 Day at Disney
Replies: 48
Views: 2655

Re: Maximize 1 Day at Disney

The most important thing is to set your goals and understand your limitations. For example, would your 5 year old be interested in Space Mountain? Is he tall enough? Same thing for the Dwarf mine ride. Prioritize your rides and things you want to do. Character dining may be a way to do something tha...
by djpeteski
Mon Nov 04, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8823

Re: Timeshare offer experience

Are you sure the buyers are actually buyers versus plants? Sounds like the time share folks may be pulling the "seed the tip jar with a couple of dollars" trick. Well normally we see these people at the resort both before the presentation and after. It would be a very elaborate hoax if it is one in...
by djpeteski
Thu Oct 31, 2019 8:23 am
Forum: Personal Investments
Topic: Got Finances in Order, ready to begin investing?
Replies: 22
Views: 1604

Re: Got Finances in Order, ready to begin investing?

Despite turning your back on 4.5% of free money, it is really hard to make the case for a 401K contribution. Currently about 24% of your after tax pay goes to consumer debt payments. That is a very high number. That 7k per year you are contributing can make a nice dent in this consumer debt. While I...
by djpeteski
Thu Oct 31, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8823

Re: Timeshare offer experience

So how do you get the teaser deals in the first place? We sat through one in Cabo on our honeymoon years ago... great rewards for it, including a free stay to come back... which we did... sat through the same guys sales pitch. Still no sale, but I'm all for a promo deal The best ones are offered th...
by djpeteski
Thu Oct 31, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8823

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. So the wife and I take advantage of many time share offers. Every time we go, someone buys. It is not us of course, but even if there is only ...
by djpeteski
Wed Oct 30, 2019 6:24 am
Forum: Personal Investments
Topic: Am I doing this right? Using a money manager...
Replies: 24
Views: 2305

Re: Am I doing this right? Using a money manager...

I'm 62, married, retired, and have about 1.5M.... ... do get about 3k a month from some rental properties. ...will start taking close to 3k/month from SS. ... no debt, and monthly expenses around 3K. You won the game, congratulations! :sharebeer If anyone judges you harshly, they are flat out wrong.
by djpeteski
Wed Oct 30, 2019 5:54 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10825

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

It reduces risk as there is not someone else in charge of paying your bills. The person that is in charge of paying your property tax may be struggling to pay their own bills, and you are entrusting them to pay yours? LOL! This is a joke, right? What person do you put in charge of your escrow? [/qu...
by djpeteski
Fri Oct 25, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5156

Re: Who does your tax returns?

Very small firm. The insight and advice we get from this group far exceeds the cost to file. The money that they saved me last year will probably pay for 20 years of their fee to prepare our returns. Care to share how they did that? Sure. There is the typical stuff of moving to an LLC and diverting...
by djpeteski
Fri Oct 25, 2019 7:50 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10825

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

To me, one can reduce risk and increase income by not using an escrow service. How would that reduce risk ad increase income? It reduces risk as there is not someone else in charge of paying your bills. The person that is in charge of paying your property tax may be struggling to pay their own bill...
by djpeteski
Fri Oct 25, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5156

Re: Who does your tax returns?

Very small firm. The insight and advice we get from this group far exceeds the cost to file. The money that they saved me last year will probably pay for 20 years of their fee to prepare our returns.
by djpeteski
Thu Oct 24, 2019 11:00 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10825

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

true: Reason #11 You’ll Never Get Rid Of Your Monthly Payment, No Matter How Hard You Try I would say that #11, is at best, intellectually dishonest. T&I are such a small part of most locations total payment, assuming escrow, that it cannot be really called a monthly payment. For those of us, who w...
by djpeteski
Tue Oct 22, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2139

Re: Thinking of hiring a financial planner - any advice?

The job I left was well paid and I saved a bunch of money..... A good accountant might be a source to help you talk through this information. The wife and I are fortunate enough to have both a lawyer and an accountant were we can talk through financial decisions. They don't charge very much but hav...
by djpeteski
Thu Oct 17, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5556

Re: Should I take the job in OKC or Orlando?

We have visited the area. Plan was to live in Winter Park, which would be 10 min from my job. Best schools in Orlando are there. That is a really nice part of town with great restaurants and activities for kids to do. There is something to be said for your kids growing up near two universities. (Ro...
by djpeteski
Tue Oct 15, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I sign authorization to settle lawsuit prior to mediation/trial
Replies: 21
Views: 2597

Re: Should I sign authorization to settle lawsuit prior to mediation/trial

I'm the plaintiff in a personal injury lawsuit and my case is going to mediation shortly. My lawyer asked me to sign a The lawyer has told me via text and verbally several times that our minimum to accept at the mediation is x, but the authorization he asked me to sign is for 20% less than x, and i...
by djpeteski
Tue Oct 15, 2019 11:41 am
Forum: Personal Consumer Issues
Topic: College for real life use [Practical knowledge about investing]
Replies: 28
Views: 2739

Re: College for real life use

One route, you could go, is to bootstrap a business. I would pour profits back into the business, with the purpose of expanding it, so my income was limited. Once it grows large enough you could take the profits/salary that you wish and leave the disability income behind. The key here is to start a ...
by djpeteski
Tue Oct 15, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Home appraisal 8% less sq ft than listing
Replies: 42
Views: 2602

Re: Home appraisal square ft less than Seller Listing

What do the records of the property appraiser/tax collector say? That is probably the definitive source for information. Assuming that their records agree with the appraiser, then what? You could go back to the seller and renegotiate. They could turn you down. How hot is the market? How much do you ...
by djpeteski
Mon Oct 14, 2019 6:25 am
Forum: Personal Consumer Issues
Topic: issues with short term disability insurance
Replies: 9
Views: 726

Re: issues with short term disability insurance

STD =? Standard or something very different.

My wife is in OB and my mind always goes there after her work stories.

OB == obstetrics
by djpeteski
Fri Oct 11, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2165

Re: Hilton location - can only be called from landline?

dm200 wrote:
Fri Oct 11, 2019 9:39 am
Yes - "pay phones" are now a relic of the past! No more "phone booths" either.
Which is why the world is going to hell, no where for Superman to change.
by djpeteski
Fri Oct 11, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5204

Re: Anyone buying PG&E stock?

So it is a good time to buy the stock; or, should one buy puts?

Oh right, index funds.
by djpeteski
Fri Oct 11, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: $575 to replace rear brake pads and rotors on a 2017 Subaru Forester?
Replies: 64
Views: 4441

Re: $575 to replace rear brake pads and rotors on a 2017 Subaru Forester?

livesoft wrote:
Thu Oct 10, 2019 8:38 pm
Isn't the car rather young for this kind of job?
Agreed, rear brakes should last about 10 years.
by djpeteski
Fri Oct 11, 2019 8:08 am
Forum: Personal Consumer Issues
Topic: Joshua Tree National Park
Replies: 14
Views: 1497

Re: Joshua Tree National Park

I think it is an amazing piece of geography, it really made me regret not studying earth science more. The fact that it has two distinct deserts, the Colorado and the Mojave is striking even to this untrained eye. If it was me, I would target one or two places to stop and explore in depth rather tha...
by djpeteski
Fri Oct 11, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 82
Views: 10792

Re: GE Pension Buyout

I am taking #1 all day long as the confidence in GE being able to maintain payments is suspect.
by djpeteski
Wed Oct 09, 2019 11:31 am
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6500

Re: Artificial Intelligence and the stock market

IMO it already has. Heck a stock picking agent was part of my master's thesis that was written 13 years ago. That was one guy, working for about a year that did a decent job of picking stocks. Imagine what 20 guys, much smarter than me, could do working over 15 years could do. While my data is only ...
by djpeteski
Wed Oct 09, 2019 10:28 am
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8753

Re: highly compensated employee (HCE) Time bomb?

IMHO the employer that allows HCE to trigger, and not provide a safe harbor plan, is penny wise and pound foolish. Meeting the qualifications of a safe harbor plan through reasonable matches is not very expensive, makes an effort to take care of all employees, and is far less than a pension scheme. ...
by djpeteski
Tue Oct 08, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 134
Views: 11396

Re: Whole Life - We're doing it. What to look for?

The "no new medical examination" is key for us... DEATH BENEFIT Base Face Amount: $100,000.00 PUAR Face Amount: $0.00 Total Death Benefit: $100,000.00 IMHO you are experiencing one of the acceptable reasons to buy a whole life policy. If a medical reason for your wife to be rated, then you may be b...
by djpeteski
Thu Oct 03, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Describe Your Perfect Life Insurance Product
Replies: 19
Views: 1070

Re: Describe Your Perfect Life Insurance Product

While I appreciate your desire to help the community, the perfect life insurance product is X year level term. I would recommend some stacking of a few policies in some situations, but level term is perfect. Something like a 15 year, 20 year, and 30 year policy. In my own case, I probably needed a 1...
by djpeteski
Thu Jun 06, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3732

Re: Pine Tree Incident

The restoration company wants to make an exclusive bid on all of the repair work, but will only do so if we don’t get other estimates. We have a structural engineer and roofing company that we want to get an estimate from for the roof repair. My experience with this is that this is not an true rest...
by djpeteski
Thu Jun 06, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 5259

Re: Company requiring salaried employees to clock in?

destinationnc wrote:
Wed Jun 05, 2019 10:45 am
This is silly. Just because you're at work doesn't mean you're working....
The inverse is also true.

Just because you are not at work, doesn't mean your're not working.
by djpeteski
Wed Jun 05, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6484

Re: Would you buy a house without a garage?

Pepe.Silvia wrote:
Tue Jun 04, 2019 11:37 pm
...for all intents and purposes, the house does not have a usable garage.
I could not disagree more. Garages are for bicycles. This is a perfectly usable garage if you can store your quiver of bicycles.

:D
by djpeteski
Mon Jun 03, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Havasupai, Have a Sticker Shock
Replies: 27
Views: 3836

Re: Havasupai, Have a Sticker Shock

Everything at the Havasupai reservation seemed way over priced for what you were getting. The wife and I drove from Las Vegas to visit the Grand Canyon, and were kind of disgusted by the unbridled desire to get in one's back pocket. I think a bottle of water was like $17 or something silly like that...
by djpeteski
Mon Jun 03, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or create passive income?
Replies: 12
Views: 1130

Re: Pay off debt or create passive income?

Paying off debt is creating passive income. It has a very good rate of return, there is no risk, and it requires no management. Also it is tax free.

Pay off your debt.
by djpeteski
Mon Jun 03, 2019 8:44 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2656

Re: Pre-Military Seeking Investment Planning

Surface Warfare in the Navy. Ship deployments overseas. Auto advancement to E-3 maybe E-4 after schools which gets me OHA, split rent multiple ways between other squids for a single apartment and pocket the rest so I expect to get much more cash out. I don't mind being overseas for a while and actu...
by djpeteski
Thu May 30, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 17622

Re: Fun paid jobs after FIRE

Hopefully I can work part time, as a local bike shop as a mechanic or in sales. It has to be local so I can bike to work, if I have to climb into a car might as well stick with a well paying job.
by djpeteski
Tue May 28, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3420

Re: Blended Family Issues and Keeping Things Equal

Any rough estimate the cost that I should expect? It is typically a bad deal, but does your employer have legal insurance? Typically you pay about 200-300 for the year, spread out over the year. In the year I needed a will I signed up for the legal insurance and had a will drawn up. I feel we got a...
by djpeteski
Thu May 23, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: What is the best way to test drive cars?
Replies: 39
Views: 3133

Re: What is the best way to test drive cars?

4. Take control completely in the selling/showing process. Walk out at any time. You're the customer. It's your money. So many people forget that. The salesmen attempt to act like they are doing you a favor, when the opposite is true. You have the cash to purchase a car and they (and others like th...
by djpeteski
Thu May 23, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3588

Re: Mortgage almost paid off

Well done sir!

When we did it, we just went into the bank and wrote a check for the final amount. Dinner at a nice steak house followed.

Celebrate your accomplishment would be my suggestion.
by djpeteski
Wed May 22, 2019 7:23 am
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 9151

Re: $400,000 gift to stepdaughter

Thanks Prahasaurus. So with that said, does anyone have thoughts about investing the money long term in a permanent 65% stock/35% fixed income allocation? Initially I plan to invest $325,000 in Vanguard LifeStrategy Growth Fund (VASGX), and $75,000 (or 5 years’ worth of payout) in Vanguard Prime Ma...
by djpeteski
Wed May 22, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What would you do - Large Commission (Bonus)
Replies: 43
Views: 3795

Re: What would you do - Large Commission (Bonus)

First off, if you pay your CC bills off monthly, it is not considered a debt. In light of your income and emergency fund, 4k per month seems pretty standard. Congratulations on your bonus any may you earn more. When receiving windfalls, I like the whole save/invest some, spend some, and give some. L...
by djpeteski
Mon May 20, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1572

Re: Do handymen typically guarantee work?

We had some shelving in our walk-in closet collapse a few months ago. Our handyman repaired it, but it collapsed again last week. Our handyman said he will come fix it this week. I am assuming he will fix it for free. But my spouse thinks he will charge us something.. Not sure what is customary... ...
by djpeteski
Fri May 17, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Compound miter saw recommendation
Replies: 42
Views: 2570

Re: Compound miter saw recommendation

You might want to shop garage sales. My neighbor sold a sliding dewalt for like $30. His was better than mine, but I would not let mine go for less than $100. I think you can get a lot of saw for cheap if you buy used.
by djpeteski
Fri May 17, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Logistics of splitting tuition costs with child
Replies: 77
Views: 3721

Re: Logistics of splitting tuition costs with child

I think, at this point, you should just save "some" for college. You are at least 12 years away from undergrad for the oldest. What will your world look like then? Who knows? The key is that you don't need ~(65k*4)*.75 the day your child starts school. You only need one semester's worth. Getting you...
by djpeteski
Fri May 17, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8572

Re: We’ve won the game...but how do we stop playing?

Listen to your grandmother. She won, but it's her money and her right to determine what is right for her. It doesn't matter what you prefer, it's not your money. If she passes the holdings to beneficiaries, under current law the beneficiaries will receive a stepped up basis in the equity - no capit...
by djpeteski
Thu May 16, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9282

Re: Amazon....we all have seen this before :)

I own a lot of amazon (I think), through mutual funds.

...

I just confirmed it. It is a top ten holding of Fidelity Total Market Index Fund.
by djpeteski
Thu May 16, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7195

Re: Do you reward yourself for achieving a financial goal?

Nice work with the Garmin. Rewarding yourself by investing in your fitness/health is a great idea. So, buy that new bike, treadmill, fitness watch, or gym membership when you hit a milestone. Thanks bluebolt. I just did my first HIM last Saturday in Panama City, FL. The swim was super challenging, ...
by djpeteski
Thu May 16, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7195

Re: Do you reward yourself for achieving a financial goal?

Hi, Like the title says, did you ever buy luxury for as a reward? Like a nice rolex when reaching 250000 net worth or a new BMW at 500000 or something like that? With the numbers you cite the rewards greatly outpace the achievements. My thought was to buy myself a Sekio watch when I hit the two com...