Search found 479 matches

by djpeteski
Tue Apr 17, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Las Vegas hotel
Replies: 44
Views: 2863

Re: Las Vegas hotel

It really depends on what you are looking for, there are just so many options. The time you travel is very important. Once I got a room, last minute, at Paris (nice, on the strip, but not super luxury) for less than $40. It was a week night during the slow time of the year. The nice thing is that yo...
by djpeteski
Fri Apr 13, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Financing Grad School + Debt Question
Replies: 19
Views: 774

Re: Financing Grad School + Debt Question

It is pretty common that "opposites attract", and the cutesy saying often plays out in arguments and sometimes even fights. How this plays out in your case is she is probably a spender and you a saver. You cannot see the logic in going into more debt, and she sees it more important to start school n...
by djpeteski
Thu Apr 12, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2966
Views: 914999

Re: What Book Are You Currently Reading? Part VI

The Rooster Bar by John Grisham, I really enjoyed it. I just didn't enjoy this as much as his earlier books, which I thoroughly enjoyed. Also, without going into detail (obviously), I was rather disappointed in the ending. There would have been an awful lot of loose ends just oddly left hanging. RM...
by djpeteski
Tue Apr 10, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1474

Re: 0% credit card to pay off student loan?

I would not do the CC balance transfer. Typically these have a fee, often as high as 5%, which really does not give you an interest rate arbitrage that is notable. In these situations, it is often far better to cut lifestyle and spending in order to make this debt disappear. You mentioned paying an ...
by djpeteski
Mon Apr 09, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest money market fund to park cash for a few months
Replies: 10
Views: 817

Re: Please suggest money market fund to park cash for a few months

All your accounts allow the purchase of bonds and CDs. For Fidelity News & Research > Fixed Income. You can buy a 9 month CD for 2%, a US Treasury at 2.05% or an AA bond at 2.38% For my taxes, I would be limited to 6 months, but I can still get a CD that pays 1.45%, better than my on line savings ac...
by djpeteski
Mon Apr 09, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Cheap Caribbean [add-flights, cut price in half... too good to be true?]
Replies: 25
Views: 1795

Re: Cheap Caribbean [add-flights, cut price in half... too good to be true?]

I am not sure why, but this site is only useful if you book the flights and the stay. Seems counter intuitive, but whatever. I've priced but yet to use them.
by djpeteski
Mon Apr 09, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Cruise or other vaca ideas for Dad w/13yr old twin boys?
Replies: 36
Views: 2255

Re: Cruise or other vaca ideas for Dad w/13yr old twin boys?

smitcat wrote:
Mon Apr 09, 2018 10:16 am


"It leaves from Orlando, and we plan to do it again."

Leaves from Orlando?
LOL! :D Believe it or not, they consider Port Canaveral leaving from Orlando. All of the cruise ships have buses from the airport and the logistics are you can fly in the day your cruise leaves.
by djpeteski
Mon Apr 09, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Cruise or other vaca ideas for Dad w/13yr old twin boys?
Replies: 36
Views: 2255

Re: Cruise or other vaca ideas for Dad w/13yr old twin boys?

Just my .02 cents for Carnival. Sure the short term cruises tend to mostly be for the drunk and disorderly, but I would say the same holds true for Royal Caribbean as the others that offer the same short cruises (exc: Disney). Once you hit the 7 or 8 day length cruises they tend to be more calm. The...
by djpeteski
Mon Apr 09, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 7803

Re: Cash flow problems - best way to handle?

Ideas: 1. Different childcare arrangement 2. Move to a less expensive house 3. Sell your car and take public transportation 4. Cancel vacations 5. Stop eating out +1 The options presented by the OP I would rank from quite horrible, to horrible. This may not be a short term cash flow crisis, things ...
by djpeteski
Mon Apr 09, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 56
Views: 4318

Re: Structuring Newlywed Finances for Fairness and Less Arguments

My wife and I are survivors of divorces and we have done things very differently than our previous relationships. Given that most divorces end with money fights or money problems it is an important problem to address. Nipping these problems in the bud is a great investment in time and resources. You...
by djpeteski
Mon Apr 09, 2018 7:40 am
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2134

Re: Would you pay off the student loan or keep the $$$

If it was me I'd pay off the student loan. You are keeping the loan based on something that might happen (the daily driver dies), there is no reason for it. As TwstdSista pointed out, even if it does die the day after you pay off the loan you could get a 2% auto loan. You can also get a auto loan fo...
by djpeteski
Mon Apr 09, 2018 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3226

Re: Any advice for 1st time landlord

A whole $100/year? :shock: You're planning on making more than $100/year renting the place right? If you can't make a rental work without a mortgage, you are doing something extremely wrong. Rentals work just fine if you buy right. We bought exceedingly well (130% increase in value in 5 years), but...
by djpeteski
Fri Apr 06, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Going from W2 to 1099 Contract Labor
Replies: 5
Views: 339

Re: Going from W2 to 1099 Contract Labor

I am doing this now and opted for an S-Corp LLC. I run payroll 4 times a year. It allows me to maximize retirement savings and minimize taxes. Doing this long term could hurt my social security benefit amount, but I feel that is more than made up for with increased retirement savings. I have to pay ...
by djpeteski
Fri Apr 06, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Would you change approach if no kids, no family?
Replies: 15
Views: 1865

Re: Would you change approach if no kids, no family?

You might want to give Tim Terriss' 4 Hour Work Week a read. Could you run both of the business on just a handful of hours per week? Or just one? Then what does that leave you to do? Answer: Just about anything. You could go help hurricane victims or live in Vietnam for a year. That kind of life is ...
by djpeteski
Fri Apr 06, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3226

Re: Any advice for 1st time landlord

I am so on the fence about renting a property we own that is now vacant. We will either need to sell or rent the property. We could do "long" term vacation rentals (3-6 months), but will then have the added cost of providing nice furnishings. A recent tick mark in the sell column is that our umbrell...
by djpeteski
Fri Apr 06, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 44
Views: 3099

Re: Undecided students and STEM majors

If it was me, I would advise the student to pick up chemical if they are very interested in chemistry. If not then pick between electrical or computer science. Electrical if they prefer lower level, basic stuff, computer science if they are a big picture type person. No matter what discipline is cho...
by djpeteski
Thu Apr 05, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16407

Re: What can we learn from secret millionaires.

Most of these articles a miss the important third leg of wealth building: giving.
by djpeteski
Wed Apr 04, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6249

Re: Want/need some income in semi-retirement

IMHO you are asking for a lot. 1k to 1.2k is 100-120 hours per month at $10/hour. That is almost full time work! Most basic wage jobs do not pay that much, which means even more hours. Additionally many of those jobs are anything but free of stress. On demand services (such as Uber) can pay more tha...
by djpeteski
Wed Apr 04, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Builder wants $800 to vent a gas cooktop
Replies: 53
Views: 3947

Re: Builder wants $800 to vent a gas cooktop

When you consider what is involved this is not that unreasonable of a request. There has to be a hole and cap on the roof, the ducting, finish work to hide the vent, increased difficult with installing the microwave. That is probably close to what I paid 12 years ago.
by djpeteski
Wed Apr 04, 2018 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy to Consider Relocating 5 Months after Buying a House?
Replies: 28
Views: 3029

Re: Am I Crazy to Consider Relocating 5 Months after Buying a House?

The career move eclipses any loss you might take in the short term ownership of this house.

I would tend to agree on renting, for at least a time, so you figure out where you want to live and if this city is right for you and your family.
by djpeteski
Mon Apr 02, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5215

Re: Should I loan my child money for college?

Would probably lead to some tense Christmas dinners, though :( You are underestimating the down side. It could lead to complete alienation. It is not worth the risk. If you can give her some money do so, if you can't let her find the way and encourage her to get through debt free. A part time job a...
by djpeteski
Mon Apr 02, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 31
Views: 5423

Re: Sad because I did not know what I was doing with inheritance

Sad story. There are many of these. But are you suggesting her early inheritance caused or was a contributing factor in her relatively unsuccessful life? Maybe it’s just her personality and not the inheritance? We generally dont ascribe success to getting an inheritance only failure. Very sad. My o...
by djpeteski
Mon Apr 02, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 31
Views: 5423

Re: Sad because I did not know what I was doing with inheritance

Well you can be comforted with a few things: 1) It was only 55k. You can make that back in a relatively short amount of time. 2) You can learn something from this. 3) Some of that money survived a divorce. Go forth and do great things from now on. Make your parents proud. For perspective I have a fe...
by djpeteski
Mon Apr 02, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: 2nd Career thoughts/resources
Replies: 7
Views: 633

Re: 2nd Career thoughts/resources

So for most people, it is unwise to start a second career in retirement. They have worked all their lives, obtained and refined skills that are valuable to the marketplace, and are paid accordingly. It would probably be better for them to work one more year in their chosen career field than to start...
by djpeteski
Mon Apr 02, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: “We’re not making enough money off you”
Replies: 62
Views: 10632

Re: “We’re not making enough money off you”

I applaud their honesty. It allows your FIL to make a good business decision. How much do I have to put in an actively managed fund to get the services I want? Is it then worth it? The answer could be yes. Assuming that he has to put x amount into an actively managed fund, and he estimates that it w...
by djpeteski
Mon Apr 02, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance, why long terms?
Replies: 27
Views: 1996

Re: Life Insurance, why long terms?

So here's my question: everyone recommends longer terms, and in my case generally 25-30 year terms are recommended. The problem is, they are quite expensive and I'm not sure I need them. For me: 10 yr ~ $45/mo 15 yr ~ $65/mo 20 yr ~ $90/mo 25 yr ~ $145/mo 30 yr ~ $185/mo One exercise is you may wan...
by djpeteski
Fri Mar 30, 2018 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 68
Views: 7443

Re: Resign from job or possible termination

If it was me, I would stay until the end. Quite honestly my last job search was similar to yours. I was going to be terminated for cause, eventually, and they were just working through the process. The problem was I couldn't figure out why. Later I did, it was just a toxic environment much like you ...
by djpeteski
Thu Mar 29, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: As a standard employee, I owe a TON this tax season... why?
Replies: 16
Views: 3477

Re: As a standard employee, I owe a TON this tax season... why?

My W2 was about $393k, a large bulk of that income came in one month where I made about $130k in one month mostly all on one paycheck mid way through the year. Given that the average household income is around 60k, less than half of what you made in one month, you are anything but a standard W-2 em...
by djpeteski
Thu Mar 29, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 3782

Re: Cosign college loan for sibling?

cosigner == paying the loan If you are comfortable paying the 50k, the by all means cosign. If not, then don't. What is going to happen year 4? How is law school going to happen? How much is law school going to cost if undergrad is 50k/year? BTW my son is in law school right now, and I am paying for...
by djpeteski
Wed Mar 28, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Hole Repayment
Replies: 35
Views: 2816

Re: Debt Hole Repayment

In your case, checkout DaveRamsey.com. Do the following: 1) Save 1,000 2) List your debts smallest to largest, pay them off in that order. 3) Get on a written budget and cut expenses. 4) Get an extra job or three. Be done with the 20k CC debt in 6 months, then pay off the remaining car in another 6 ...
by djpeteski
Wed Mar 28, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage with Windfall?
Replies: 57
Views: 5289

Re: Pay Off Mortgage with Windfall?

I would pay off my mortgage and try it out. If you really hate not having a mortgage, you can always get another one. To me, a guaranteed 4% ROI is pretty darn good. The safety net of having a paid off home is very dramatic. Having a paid off home is psychologically amazing. Financial planners do no...
by djpeteski
Wed Mar 28, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4919

Re: Max-funding an Index Universal Life policy to the IRS limit??

If you are so risk adverse why do you have a mortgage? Pay the thing off and get the banks out of your back pocket!
by djpeteski
Wed Mar 28, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8029

Re: How old were you when you started spending your “principal”?

30 years in, with spouse in assisted living for two years, having retired early and very early respectively, with very modest incomes and assets, and it hasn't happened yet. Of course, we were very lucky in our timing. Edited to add: I've read your definition of "X" again, and I have to add that no...
by djpeteski
Wed Mar 28, 2018 6:12 am
Forum: Personal Consumer Issues
Topic: Which of our cars should we use more, old or new?
Replies: 32
Views: 2293

Re: Which of our cars should we use more, old or new?

bottlecap wrote:
Tue Mar 27, 2018 6:35 pm
Who cares? Drive whatever car you feel like driving. You didn’t buy them to park them in the driveway.

Good luck,

JT
+1
by djpeteski
Tue Mar 27, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Living Expense Caught Up To Income
Replies: 48
Views: 6950

Re: Living Expense Caught Up To Income

So you have reason to worry, IMHO. Things are going great at work, and you have allowed lifestyle creep. What happens if things don't go so well 18 months from now? That could be something that is your fault or something that is totally beyond your control. If you want the hair transplant, then sure...
by djpeteski
Tue Mar 27, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Another Whole Life Question
Replies: 23
Views: 1805

Re: Another Whole Life Question

You are right, but do things in the correct order: get the new term in place first, then cancel the whole life policies. The term whole life comes from having life insurance for your whole life. The trouble is, these days, financially responsible people that lie withing the bell curve will not need ...
by djpeteski
Tue Mar 27, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Anything else we should be doing to be ready for retirement or increase wealth?
Replies: 33
Views: 3758

Re: Anything else we should be doing to be ready for retirement or increase wealth?

If it was me, I would increase your giving. You are currently running about 1.8% of take home, which is better than a lot of people, but I would seek to raise that. There are many studies that link charity (both time and money) to happiness. To me, happiness is a significant portion of wealth buildi...
by djpeteski
Tue Mar 27, 2018 6:39 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6425

Re: Question for physicians-- is my taking call worth it?

I am not a doctor and can only relate it on some level's to IT tech support (with a bunch of caveats). You did not mention your role in the practice, but I feel like there is some level of leadership their, and I feel that is true even if you are all equal partners. After a week you feel burnt out a...
by djpeteski
Fri Mar 23, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Possible 1 month of unemployment -- how to maximize time off? (non job related)
Replies: 22
Views: 1508

Re: Possible 1 month of unemployment -- how to maximize time off? (non job related)

Today was supposed to be my last day -- I got a call late yesterday stating that I can return to work next week and wait a couple of weeks or so until my new gig is funded! So, I don't have to worry about using paid time off. This is awesome news! :beer Well I was going to respond that it is a seri...
by djpeteski
Fri Mar 23, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Politics of Internal Promotion & Interviewing at Other Companies
Replies: 13
Views: 1121

Re: Politics of Internal Promotion & Interviewing at Other Companies

I'm going up for a promotion from a contract employee to a non-contract employee at my current organization. Technically, I am interviewing for the new position/promotion. Each employer is different but is this actually a promotion? Most of the time, when you go from contract to perm, you lose sala...
by djpeteski
Fri Mar 23, 2018 6:08 am
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2140

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

1) Is there a reason I should keep my Roth and IRA with USAA? Members, loyalists, chime in! 2) Is there a penalty for me to roll over my Roth and Traditional accounts elsewhere, where I'll have better investment options? 3) Is there something I'm missing here? I'm just kind of shocked at how bad my...
by djpeteski
Thu Mar 22, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 47
Views: 3726

Re: How can I get a passport?

There were three post offices near me when I needed a passport. One was one close to work, totally a hot mess. One is the nearest home and it was 65% hot mess. Instead I went to a smaller rural post office that was a bit further away. I was in and out in less than a half hour. When my wife got her's...
by djpeteski
Thu Mar 22, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Living in Jupiter FL?
Replies: 9
Views: 1574

Re: Living in Jupiter FL?

Jupiter is in Palm Beach County, which is high cost of living compared to other parts of Florida. I own a condo in Delray Beach, and the property taxes on it, are just slightly lower than my home in Orlando. So yes they tend to be a bit high. However, if you homestead your Jupiter property you will ...
by djpeteski
Thu Mar 22, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7066

Re: What Budget? Do you keep one?

Yup each and every month the wife and I meet in our office and do our budget meeting and review our financial standing. We still use cash for groceries. This pay cycle has been lean as some happen stance caused us to spend all of our grocery money early on. So we eat out of the pantry until Friday, ...
by djpeteski
Wed Mar 21, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 3817

Re: Personal Excess Liability Insurance - Umbrella Insurance

There are not three remaining, there are five. And his plan doesn't sound good to me. He is betting that the plaintiff's attorney will settle for $2 million rather than take him to court with the chance to collect $7 million. Good luck trying to convince him of that (or anything for that matter). H...
by djpeteski
Wed Mar 21, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 3817

Re: Personal Excess Liability Insurance - Umbrella Insurance

One of my buddies that I estimate his net worth at around 5 million buys 2 million in umbrella protection. He figures that he will get a vigorous enough defense from the insurance company for them to protect the 2 million, that is remaining three will also be safe. I am not sure, if I agree with thi...
by djpeteski
Wed Mar 21, 2018 5:49 am
Forum: Investing - Theory, News & General
Topic: Bought myself a private island
Replies: 44
Views: 8384

Re: Bought myself a private island

Great post! Challenged me to googling.... https://www.privateislandsonline.com/search?q=&availability=sale&price_range=0:500000&size_range=0:9950 Turns out that there are now 179 islands for sale for $500k or less. Who knew? There is a show on HGTV called Island Hunters . It is somewhat entertainin...
by djpeteski
Tue Mar 20, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment
Replies: 30
Views: 2312

Re: Student Loan Repayment

You guys make a great salary, 180k, that is about triple the national average. If you cut back to a bare bones budget, say live off of 50k/year, pay some taxes, you could have 80-90k per year to throw at this loan. In two and a half years you should be done, NP. The problem with such a plan is that ...
by djpeteski
Mon Mar 19, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4182

Re: Second Marriage & Beneficiaries Conundrum

I do not want to be negative, but this may not be your last marriages. It may very well be the case that your love may not fail, but there are other things that can happen. One of you may pass while the other is still relatively young. The survivor may wish to remarry. To beat that dead horse, a goo...