Search found 273 matches

by djpeteski
Wed Nov 22, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Discover Card Change in Terms
Replies: 25
Views: 2081

Re: Discover Card Change in Terms

We always close any financial accounts including credit cards as soon as we have no intention of wanting them or using them anymore. The hit to credit scores is negligible. Our scores are similiar to yours. There is no additional prizes for having an ultra high credit score once you get above 750 o...
by djpeteski
Wed Nov 22, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15-Year Fixed or Not?
Replies: 10
Views: 456

Re: Refinance to 15-Year Fixed or Not?

If it was me, I'd do it. Rates are climbing. However, I would also look into something different. The last time I re-fi'd I went with a Home Equity Loan in first position. There were no other liens on the house. I got an ultra low rate (2.62%) and no closing costs. In order to get that rate I went w...
by djpeteski
Wed Nov 22, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 1698

Re: How do you define success in your life?

To crush your enemies. See them driven before you. And to hear the lamentations of their women.

Sorry I am ready for the holiday weekend.
by djpeteski
Tue Nov 21, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 1641

Re: Time for my checkup - **Warning - long post**

I will look into LTDI. Based on my limited understanding to date, really want to make sure the replacement is for same job and that there is consideration for income replacement typically 50-60% and term that go into premiums. When do you typically remove this and who are the best insurers? When do...
by djpeteski
Tue Nov 21, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1634

Re: Newly built home. sell or rent?

jfn111 wrote:
Mon Nov 20, 2017 12:47 pm
I would sell it. In less you have definite plans to return, trying to be an absentee landlord is probably more hassle than you want.
+1, or 100 whatever suits your fancy.
by djpeteski
Tue Nov 21, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 1641

Re: Time for my checkup - **Warning - long post**

Questions: 1. Do we need more insurance coverage? I've considered a $1M umbrella policy because they're pretty cheap, but not sure we need one. Not really too sure if we need LTCI/LTDI, but open to suggestions/reading on how to evaluate. I would think about adding the umbrella policy soonish. For s...
by djpeteski
Tue Nov 21, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2200

Re: Year end windfall and job loss

Flexibility and safety-first in times of change and stress. Option 2. +1 +1. KlangFool + +1 In uncertain times cash is king +1 here, and I am a no debt kind of guy. Once your wife lands the new job, make these loans go away. The $467 net you are paying to keep both the loans and the cash is "small ...
by djpeteski
Tue Nov 21, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 107
Views: 6002

Re: What are the things you want to do between 55 and 65?

For me before 55;

Do the bike "race" from Miami to Key West
Do an Olympic distance Triathlon
Do some Treking in Nepal

I hope to continue Sprint distance Tri's well into my 70's
by djpeteski
Tue Nov 21, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Transportation from Orlando Airport to Port Canaveral
Replies: 5
Views: 502

Re: Transportation from Orlando Airport to Port Canaveral

One solution would be to stay in Orlando, then have one of the shuttle providers take you directly to the cruise. Did you see this page: https://www.orlandoairports.net/parking-transportation/ ? They have private transport companies that service that area. I am pretty sure one of those would operate...
by djpeteski
Fri Nov 17, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Suggestions for 1st week vacation in 2018?
Replies: 21
Views: 1257

Re: Suggestions for 1st week vacation in 2018?

We love Aruba, and want to get to Curacao for a week or so. We will be going to both on a cruise ship in December, which will make our third time in Aruba in 2017. Flights from Orlando leaving 1 Jan and returning 7 Jan to Aruba are less than $600. There are plenty of timeshares on Aruba, and one can...
by djpeteski
Fri Nov 17, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Dive computer recommendations
Replies: 8
Views: 712

Re: Dive computer recommendations

My wife is small, her BCD size is 2XS in a Aqualung Soul i3. I strongly recommended her getting a console mounted dive computer after she classified my dive computer as too big (Oceanic Geo 2.0). Instead she got the Tusa DC Solar in pink. It is slightly bigger than mine but she loves it. It is very ...
by djpeteski
Fri Nov 17, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 69
Views: 4417

Re: My dad's army jacket

Thank you and I fully understand and respect the uniform and rules. So, when the army discharges you with wool coats--they would prefer that they are not used even by someone in need? I would like to donate a very warm, thick large coat that was also issued--my church is in need of winter coats. Ha...
by djpeteski
Fri Nov 17, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 69
Views: 4417

Re: My dad's army jacket

I am a vet 4 years USMC, 6 years Army, but have not heard a shot fired in anger. I would support you wearing the jacket, and would strongly recommend you do not remove the patches. The pins are one thing, the patches a whole different story. Stolen Valor https://en.wikipedia.org/wiki/Stolen_Valor_Ac...
by djpeteski
Fri Nov 17, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 1695

Re: Christmas Vacation on a budget

spammagnet wrote:
Thu Nov 16, 2017 11:04 pm
Alexa9 wrote:
Thu Nov 16, 2017 4:41 pm
I would imagine Puerto Rico is itching for tourists.
Shipping costs for potable water would put a damper on your vacation budget. :)
Potable water is only necessary if you are a carbon based life form. Everyone has limitations.
by djpeteski
Fri Nov 17, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1651

Re: To buy or not to buy...house buying question (budget)

If I was you, I'd stop the back door ROTH. There is no reason to do it as your income tax rate is super high. I also would not buy until I had a good down payment and were done with the student loans. At your salary and savings, this could be done in short order. One scenario is you empty your savin...
by djpeteski
Thu Nov 16, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help family of four....Do nothing?
Replies: 22
Views: 1880

Re: Investing help family of four....Do nothing?

95K left on my mortgage (3.75% 15 yr) Zero debt Married: 2 kids (10th grader/8th grader). I'm sole breadwinner 45 yrs old Total portfolio: approx 180K in taxable savings sitting earning 1% APY in a bank account 325K in Vanguard 2015 target retirement fund Rollover IRA (from old employer) Contributi...
by djpeteski
Thu Nov 16, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 3938

Re: Help with Understanding How to Handle Bonus

Congratulations on your bonus, may you earn many more. You've presented us and yourselves with a binary choice: pay down the student loans or invest in your retirement. Pick one of those, you win. Pick the other well you win too. If it was me, I would put it towards the student loans and be done wit...
by djpeteski
Wed Nov 15, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4494

Re: Fair way to split expenses?

To me, the underlying issue is that the two of you are not on the same page when it comes to finances. What you are proposing masks and delays the issue rather than addresses it. That is not to say such a relationship can not work, it really depends on the two of you. My wife and I have separate acc...
by djpeteski
Wed Nov 15, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Florida slip & fall advice? Helping my parents
Replies: 11
Views: 880

Re: Florida slip & fall advice? Helping my parents

And you would think that there are less slip and fall accidents in Florida due to no ice. Sorry for her injury. So nothing is stopping you from making an inquiry to a lawyer and kind of figuring out what their net would be. Then negotiate from there. I think it is wise to see the extent of her injur...
by djpeteski
Wed Nov 15, 2017 8:55 am
Forum: Investing - Theory, News & General
Topic: Taking RMD'S
Replies: 15
Views: 1507

Re: Taking RMD'S

This may be old news to some, but I learned it hear a few weeks back and provided the advice to my mom. If you contribute to charities anyway, you may want to direct those RMDs to a charity of your choice. This will make them tax free. https://personal.vanguard.com/us/insights/article/QDC-RMD-tax-br...
by djpeteski
Tue Nov 14, 2017 7:16 am
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1443

Re: At what rate of return would you keep a whole life policy?

If you have a $50k policy and the cash value grows at 5, 10, 15%, I'm not sure how that helps. If the person dies, the policy pays $50k. The cash value is gone. What good was the "growth"? If you cash the policy and get the growth (before the death), then you pay taxes on the growth. Would the retu...
by djpeteski
Tue Nov 14, 2017 6:38 am
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2373

Re: Did you want to set up a payment plan for that?

We needed a mattress a couple of years back. The sales guy could not imagine anyone with the ability to pay cash for a ~$1000 mattress. Whatever.
by djpeteski
Tue Nov 14, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5668

Re: College student... Financial mess... Need advice...

Thanks to all for the helpful advice. I told the landlord I’m done, out, gone, after I paid the November rent in good faith. The landlord issued a new lease to my ex girlfriend solely in her name. She is planning to find a roommate but that is not my concern. I’m just happy that my name is off the ...
by djpeteski
Fri Nov 10, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Updating Will To Add Additional Child
Replies: 6
Views: 442

Re: Updating Will To Add Additional Child

We have the option to add some free legal assistance in our open enrollment this week for $10/month, which includes will/estate work for free, so that could be a less expensive option as well if needed. That is what I did to get my wills done. Paid $10 a month to get family wills done through legal...
by djpeteski
Fri Nov 10, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 329
Views: 35082

Re: Did you tell anyone you paid off your mortgage?

If you’ve ever been in a situation of scarcity where resources are non existent or you have been on the steps of being or have been evicted- you would know what it means. You have to first walk in someone else’s shoes to know what it means. So very true. Also consider this: The asset will never be ...
by djpeteski
Fri Nov 10, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 4007

Re: Septic tank - deal killer?

With a septic tank, one does not pay for sewer, so there is a monthly savings. In some places it can be very significant.
by djpeteski
Fri Nov 10, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for repaying wife's law school loans
Replies: 23
Views: 1958

Re: Strategy for repaying wife's law school loans

You make 200K per year. Be done with this in 12 months. Why bother playing the loan forgiveness game?
letsgobobby wrote:
Fri Nov 10, 2017 9:37 am
You've bought a wedding and an expensive house. Time to pay your debts. Buckle down and knock it out in two years and move on with your lives.
So true.
by djpeteski
Fri Nov 10, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: term insurance renewal, now i'm high risk - "special situation"?
Replies: 17
Views: 1564

Re: term insurance renewal, now i'm high risk - "special situation"?

Given the stated objective you may want to look into mortgage life insurance through your lender. These are often sold at a group rate with no medical required. Another alternative is to obtain insurance through work. The fact that you are rated can only be hidden by obtaining insurance without an m...
by djpeteski
Fri Nov 10, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8100

Re: $23k credit card emergency

delete
by djpeteski
Fri Nov 10, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8100

Re: $23k credit card emergency

goals (MBA, travel, spoil my immigrant mother, save for home, etc) while I am still single with no SO or kids. Sidebar: I feel like nobody would want to seriously date a loser with so much CC debt anyways :( People date losers with CC debt all the time, they may be losers with CC debt themselves. H...
by djpeteski
Thu Nov 09, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Teaching an old dog some tricks
Replies: 14
Views: 1616

Re: Teaching an old dog some tricks

Brownbird wrote:
Wed Nov 08, 2017 3:58 pm
I ... carry an inherent distrust of bankers (probably not fairly earned).
I disagree probably very fairly earned.

You can do this.
by djpeteski
Thu Nov 09, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Equity Line Of Credit ??.......
Replies: 16
Views: 1346

Re: Equity Line Of Credit ??.......

Rajsx wrote:
Wed Nov 08, 2017 8:36 pm
- I have a good FICO Score of above 800, do not have any debts.
You are 100% debt free, why would you go back into debt?
Rajsx wrote:
Wed Nov 08, 2017 8:36 pm
How will this effect my Credit Score now & in the future ?
Unless you borrow and do not make on time payments there will be no material difference.
by djpeteski
Thu Nov 09, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 61
Views: 5062

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

It’s all about liability. Agree here. We own a condo that my wife's grandmother lives in. The cost for insurance: $800/year. The only material items that covers are the appliances, windows, and air conditioning system. The roof and outer walls are covered by the HOA. Still it is needed. I cannot ge...
by djpeteski
Thu Nov 09, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3771

Re: What is a reasonable emergency fund for HI family?

The wife and I bring in about 300K of income per year, not super high, but well within the 95th percentile. Some relevant facts: - We have no mortgage - We can live off of very little (about 30K) - Our income is split about 45/55, so nearly equal - She is an RN (but not working as one) and could pre...
by djpeteski
Thu Nov 09, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 329
Views: 35082

Re: Did you tell anyone you paid off your mortgage?

We told people about paying off my mortgage. We teach FPU occasionally and still mention that we are on BS7 which means something to people in the know. This isolated us from people we considered friends that are also neighbors. It turns out, they were our friends as long as they could believe they ...
by djpeteski
Thu Nov 09, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 2752

Re: Term Life - Time to cancel?

One thing to keep in mind, that given your user name, you will likely receive a higher rate on a new policy. I am unsure how much more it cost scuba divers for life insurance, but parachutist and private pilots also suffer from higher rates. I knew I wanted to be certified, so I bought what is hopef...
by djpeteski
Thu Nov 09, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4312

Re: Interviewing at a former employer, should I give them my current salary when they ask?

nitro4214 wrote:
Thu Nov 09, 2017 1:42 am
Ever have an employer walk away after you give them your initial number?
Not really. There might have been a couple that we would not have come to an agreement in any respect, like I was at 80K for my low end, and they were at 45K at their top end.
by djpeteski
Wed Nov 08, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Another Whole Life Conundrum
Replies: 6
Views: 760

Re: Another Whole Life Conundrum

To me these problems are very easy to solve. I will assume that you want to provide a death benefit of 100K to your heirs. Whole Life 90 Policy Death Benefit $101,149 Cash Value $27,583 as of 2017 policy anniversary Annual Premium $1,221, dividends have been used to reduce premiums. Dividends have b...
by djpeteski
Wed Nov 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4312

Re: Interviewing at a former employer, should I give them my current salary when they ask?

What does everyone do during an interview when confronted with the direct question, "What is your current salary?" Do you just refuse to answer? You could say something like: "My current salary is not an important factor nor is it the extend of my current compensation. In order to make an appropria...
by djpeteski
Wed Nov 08, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Gifts for a marathoner
Replies: 25
Views: 1754

Re: Gifts for a marathoner

You may also want to look at these reflectors, I got pink for the wifey:

http://amzn.to/2zunjJO

Also gift certificates to where she buys her shoes is a great idea. Long distance runners got through them at an alarming rate and they are expensive.
by djpeteski
Wed Nov 08, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2786

Re: DIY vs work extra and pay a pro

It really depends and I went through this recently as I was hit by Irma, and am in the process of still making repairs and had a flurry of car repairs. My wife works with some young kids that are really good mechanics. They charge us $50 to do brakes and rotors. If you have someone like that, pay th...
by djpeteski
Wed Nov 08, 2017 6:38 am
Forum: Personal Consumer Issues
Topic: What do you do to keep your mind sharp?
Replies: 65
Views: 4785

Re: What do you do to keep your mind sharp?

I would give mathduko a try. Try Mathdoku+ free and no ads. I have it for android.
by djpeteski
Mon Nov 06, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9636

Re: Disposable income... how?

I feel like you are newish to your career. I draw that from you having 100K saved but a 33K rate. That suggests you have been at this for less than 3 years. You won't look much better in 5 or maybe even 10 years from now, they will still be driving their nice cars and you will still be socking it aw...
by djpeteski
Mon Nov 06, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: A small inheritance, student loans, and a wedding...I want to invest.
Replies: 27
Views: 1685

Re: A small inheritance, student loans, and a wedding...I want to invest.

The only thing I will say about this is paying off your loans is a form of investing. One figure I saw was a 6.8% loan. Many on this site would love to get a guaranteed 6.8% return. Loans are compounding interest, however, they are working against you. Given that you are young, could you obtain a se...
by djpeteski
Mon Nov 06, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 2752

Re: Term Life - Time to cancel?

At 50, as a non-smoker but overweight with poor cholesterol I got a .5 million dollar policy for $900, so double that and it is quite a bit less than what you are paying. If it was me, I'd get a 10 year term policy. Lets assume that your investments are reduced to half due to a market crash and this...
by djpeteski
Fri Nov 03, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Help with career direction
Replies: 13
Views: 1552

Re: Help with career direction

I really don't think you have made horrible decisions to the point where they are killing you. You are in a decent spot, except for your debt, careerwise you earn, as a single man, about the national average for income. To me your first step would be to drastically reduce your debt. The CCs have to ...
by djpeteski
Fri Nov 03, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8339

Re: Should I decline Grand Prize trip because of taxes on winnings?

MikeG62 wrote:
Fri Nov 03, 2017 8:10 am
FWIW, my DW and I have been on five trips this year and not a single one cost as little as $4,000. However, we are not frugal - we lived below our means while working and are living at the level of our means in retirement.
You are my hero! :sharebeer
by djpeteski
Fri Nov 03, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep the Condo or rent to Canadians?
Replies: 12
Views: 1334

Should I keep the Condo or rent to Canadians?

So the wife and I own a condo in South Florida. It is in a 55+ community, and it is really quite nice especially for the price. My mom winters down there, and so do a bunch of Canadians. During the winter months, the property swells in population and many north of the border folks come for 6 months ...
by djpeteski
Fri Nov 03, 2017 6:35 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)
Replies: 33
Views: 5511

Re: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)

Just to second an answer already posted, he does advocate S&P500 in taxable accounts because of the tax efficiency. He does not want his followers that are forced into this kind of option to be stuck with a big tax bill in addition to the waves of the market. Probably the worst thing that happened i...