Search found 855 matches

by djpeteski
Tue Nov 19, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Close Oldest Credit Card?
Replies: 13
Views: 660

Re: Bad Idea to Close Oldest Credit Card?

- 788 credit score
This will have no meaningful impact on your credit score. Unless, of course, your ego will be damaged. At that level 725 == 788 == 825.
by djpeteski
Tue Nov 19, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 43
Views: 1790

Re: Looking for a charity giving Christmas experience

Do you know some charities that provide support to kids in REAL need? What we like to do is to donate money to organizations that attempt to help families get back on their feet. There is a local charity in the Orlando area that helps people with resume writing, interview skills, and hold job fairs...
by djpeteski
Mon Nov 18, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning with a Leukemia Diagnosis
Replies: 10
Views: 870

Re: Financial Planning with a Leukemia Diagnosis

I think you guys are doing great and the diagnosis does not really change anything other than the life insurance. While you may have thought about applying for additional term insurance, that is probably not feasible for your husband. Can he purchase additional LI at work? I would increase term on y...
by djpeteski
Mon Nov 18, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: FICO. Score questions.
Replies: 15
Views: 1382

Re: FICO. Score questions.

This view is often met with violent opposition, but there is no difference in a 728 and an 830 credit score. You already qualify for the best rates in home loans. If you don't need a home loan then what does this matter? Better to concentrate your mental energy on other things. Your credit score doe...
by djpeteski
Thu Nov 14, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Cricut Maker Machine questions
Replies: 8
Views: 805

Re: Cricut Maker Machine questions

I would not look to this as a major money maker, if you need cash you are probably better off delivering pizzas. However, you can do this as a side "business" to basically bootstrap some tools in your life. One of my wife's friends works as a Nurse, but produces products for people in some spare tim...
by djpeteski
Thu Nov 14, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: MetLaw - new company benefit - worth it?
Replies: 8
Views: 588

Re: MetLaw - new company benefit - worth it?

Much like Darth Xanadu I used it to prepare a will and living will for both my wife and I. Also I used the legal insurance to render an opinion about some liability insurance items that we were looking into. I dropped the coverage after one year, which made it a bargain to get a will for the $200 or...
by djpeteski
Thu Nov 14, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: too late for additional life insurance?
Replies: 12
Views: 997

Re: too late for additional life insurance?

I think Stinky's advice is right on. What is your age and what kind of pain are you having? You don't really disclose that. Even if it is something that makes you un-insurable there are ways to work around the issue. For example you might be able to expand your whole life policy, or you could get mo...
by djpeteski
Wed Nov 13, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 24
Views: 1778

Re: Should I do a cash out refinance?

I'm 40. But I can see from the responses here not many here really owns a BUNCH of property. Repairs happen as properties age, its part of the game. Same as vacancy. While I do set aside reserves, when you have multiple vacancies all of a sudden, from long term tenants the reserves get drained....h...
by djpeteski
Tue Nov 12, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5244

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: 24
Views: 1778

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: 7256

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: 2685

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: 2685

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 Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10231

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: 1611

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 Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10231

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 Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10231

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: 2322

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: 10858

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: 5195

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: 10858

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: 5195

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: 10858

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: 2150

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: 5581

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: 2615

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: 2788

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: 2616

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: 746

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: 2187

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: 5270

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: 4491

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: 1524

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: 83
Views: 11274

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: 6618

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: 8883

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: 11642

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: 1112

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: 3742

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: 5289

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: 6527

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: 3881

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: 1134

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: 2668

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: 17817

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: 3432

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: 3152

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: 3593

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: 9176

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...