Search found 685 matches

by djpeteski
Tue Dec 11, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 8
Views: 668

Re: My PenFed 5 yr CDs are maturing

Currently the 5 year brokered CDs are at 3.5% as well. The one I am looking at is from Wells Fargo and has a monthly coupon. However, it sounds like you don't need the income.
by djpeteski
Tue Dec 11, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Discover Software For Your Small Business?
Replies: 6
Views: 425

Re: How Do You Discover Software For Your Small Business?

@Pepperz, can you recommend any books or resources? I can't recall titles right now... The Lean Startup is probably resource #1. Basically say you think a feature is important. You use the beta partners as a resource to decide if it is important, it may not be. Instead you implement what they want ...
by djpeteski
Tue Dec 11, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Income is greatly reduced. When would you absolutely stop 401k contributions?
Replies: 12
Views: 1490

Re: Income is greatly reduced. When would you absolutely stop 401k contributions?

If it was me, I would go into survival mode, cutting all expenses including the 401K. I would tend to put a date certain on making a decision about what to do if you don't have a profitable client by a certain date. This is not a situation where you are "missing out" on an employer's match. As an S ...
by djpeteski
Tue Dec 11, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Income is greatly reduced. When would you absolutely stop 401k contributions?
Replies: 12
Views: 1490

Re: Income is greatly reduced. When would you absolutely stop 401k contributions?

If it was me, I would go into survival mode, cutting all expenses including the 401K. I would tend to put a date certain on making a decision about what to do if you don't have a profitable client by a certain date. This is not a situation where you are "missing out" on an employer's match. As an S ...
by djpeteski
Mon Dec 10, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 102
Views: 6570

Re: To each his own ( I guess )

Call us uncultured.... Uncultured! Sorry to do that, but you asked. It's your (you and wifey) damn money do with it as you please. Editorially, it says something very positive about you, your wife, kids, and grand kids that you are able to and find joy in traveling together. It is a real blessing, ...
by djpeteski
Mon Dec 10, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: New NFCU Certificate Offering
Replies: 6
Views: 721

Re: New NFCU Certificate Offering

As the name implies it sounds like their goal is to get people "started" into the mode of buying their CDs. The fact that you can only have one, and the very low maximum ($3K) means you're not going to get big profits from this. That said, anyone who can should buy one - no reason to leave even mod...
by djpeteski
Thu Dec 06, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1992

Re: Should we sell farmland to coal company?

greg24 wrote:
Thu Dec 06, 2018 11:27 am
Do you want a surface coal mine 4 miles from your house?
This +1
by djpeteski
Wed Dec 05, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Odd question re: whole life insurance
Replies: 7
Views: 631

Re: Odd question re: whole life insurance

I'm guessing the ownership must have reverted to the kids at age 21. They will find out how much they are getting when they go to collect it. Great for them regardless! This is what I would have answered. Your DH was the owner when the kids were minors, and at sometime (I would think 18), the took ...
by djpeteski
Tue Dec 04, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3656

Re: Reuqesting Help With Managing of Winnings

With any kind of gambling the most important skill is bankroll management. You will have events and runs were you get extremely unlucky. Those times must not bankrupt you and your regular life. There are times were you get hot, like you just did. Some of it goes to the bankroll, some of it gets save...
by djpeteski
Tue Dec 04, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Will we make it saving only in employer plans?
Replies: 58
Views: 4102

Re: Will we make it saving only in employer plans?

I'm (the family) is having a tough time putting away anything beyond what's offered by our employer's. It's embarrassing really, I know we could do more but it feels like we are constantly hemorrhaging money right & left for both expected and unexpected reasons. There's always something going on wi...
by djpeteski
Mon Dec 03, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5475

Re: The first million?

That's amazing you were able to do this in just 4 years. That was an extremely lucky run, which I'm sure was sped up by diligent savings. Thank you for the real numbers though yes, I agree it's all just gray thinking for now. However, as the saying goes-a journey of a thousand miles begins with a s...
by djpeteski
Mon Dec 03, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: First Triathlon. What bike to buy?
Replies: 34
Views: 1824

Re: First Triathlon. What bike to buy?

I would second the opinion on doing the sprint distance on her current bike. It sounds like she has the right attitude, she is just trying to try out the format to see if she likes it. Its a pretty short distance to ride. If you/her are going to spend money make sure she has a good tri suit. The fit...
by djpeteski
Fri Nov 30, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting strategies
Replies: 21
Views: 1798

Re: Budgeting strategies

Here are some budgeting tips: 1) Do a fresh budget each month. December and November will look very different than June and July. Its a good idea to start with a template, but really think about the upcoming month's expenses. If you tend to forget about expenses, then put them with a date on your te...
by djpeteski
Fri Nov 30, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5475

Re: The first million?

I am trying to figure out if the numbers I am seeing are realistic so please weigh in. Using an investment calculator, with a low six figure starting amount currently saved in our retirement/brokerage accounts and estimating 5.23% returns (keeping it very conservative after taxes and inflation), if...
by djpeteski
Fri Nov 30, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?
Replies: 65
Views: 4040

Re: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?

I think they said the catalytic converter was clogged. And the ect sensors need to be replAced and the vehicle was “out of time “- ie timing belt had been damaged i guess by the clogged catalytic converter? And yes it’s at the dealer right now That sounds like a bunch of baloney. Plus a 2700 fix at...
by djpeteski
Fri Nov 30, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1217

Re: Back Door Roth: Can it trigger an Audit?

To me that advice sounds like standard bad advice from a financial planner. The reps at FIDO told us, quite the opposite, do the back door right away to avoid any gains. Rates of audits are so low anyway. We have several factors that make us highly likely to get audited and have never been asked for...
by djpeteski
Fri Nov 30, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Significant Change in Salary - What to Change
Replies: 21
Views: 2503

Re: Significant Change in Salary - What to Change

I've been lucky enough to receive a 50% pay increase by taking a new job. I'd like to ask a few questions: Congratulations, good work! 1. This pay increase is enough for us to go to a single income. Is there any benefit/negatives/things I need to consider with this change? The easiest one is tax br...
by djpeteski
Fri Nov 30, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Holding mortgages for liability reasons
Replies: 8
Views: 1169

Re: Holding mortgages for liability reasons

This is 100% speculation about the OPs intent on this post and Grt2bOutdoors' answer is excellent. However perhaps the OP is looking to protect himself for something of more of a grey area. Say he left a rake in the front yard, but the plaintiff was dead drunk, tripped over the rake, and hurt himse...
by djpeteski
Thu Nov 29, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Warm Sleepwear
Replies: 21
Views: 2398

Re: Warm Sleepwear

You may want to look into bamboo based fabrics. They are really soft and comfortable.
by djpeteski
Thu Nov 29, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: What's your safety number?
Replies: 24
Views: 2371

Re: What's your safety number?

For us, having no mortgage (or other debt) and a sizable emergency fund we simply make a plan for extra income. We follow the rule of advice that you should give some, spend some, and save some. Each year I estimate how much extra income we will have and then plan accordingly with my wife. Some of t...
by djpeteski
Thu Nov 29, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Holding mortgages for liability reasons
Replies: 8
Views: 1169

Re: Holding mortgages for liability reasons

This is 100% speculation about the OPs intent on this post and Grt2bOutdoors' answer is excellent. However perhaps the OP is looking to protect himself for something of more of a grey area. Say he left a rake in the front yard, but the plaintiff was dead drunk, tripped over the rake, and hurt himsel...
by djpeteski
Wed Nov 28, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Financial goals for 2019 (specific)
Replies: 52
Views: 4321

Re: Financial goals for 2019 (specific)

break the 2 comma club again, (the market giveth and the market shall taketh) I would remove this goal from your list. You cannot control or predict the market. If it goes way up, and you overspend you will hit your goal. Conversely if you save like crazy, and the market plummets you may not meet y...
by djpeteski
Wed Nov 28, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Question
Replies: 26
Views: 1357

Re: Credit Card Question

Cut the card, close the account. Credit score hackers are often working on old information and the algorithm to determine your score is in constant flux. With no mortgage, and one open credit card, my wife and I's score is the highest it has ever been by at least 100 points. Add to this that a score...
by djpeteski
Wed Nov 28, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: 23 years old 40K saved. What would you do?
Replies: 39
Views: 3331

Re: 23 years old 40K saved. What would you do?

Knowing what you know now. If you were 23 years olds and managed to save around 40K, saved in a high yield savings account and already contributed the maximum amount to a Roth for this year,(from a summer job that provided "earned income" and do not expect to be able to contribute next year since I...
by djpeteski
Wed Nov 21, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about new 20% Qualified Business Income Deduction
Replies: 5
Views: 416

Re: Questions about new 20% Qualified Business Income Deduction

1) It depends on the state, I am sure.

2) No. A 401K is based upon individual income not business income. The deduction is for business income and it is a "below the line" deduction, or after your AGI.
by djpeteski
Wed Nov 21, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Looking for a car that can handle a long commute, any suggestions?
Replies: 74
Views: 5117

Re: Looking for a car that can handle a long commute, any suggestions?

I would suggest for going older and more mileage. You did not outline your commute, but I've been doing one that is about 55 miles each way for the last 2.5 years. You will be destroying any remaining value in a car so you are best off getting the least cost thing that does the job you need it to do...
by djpeteski
Wed Nov 21, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: predatory lending
Replies: 11
Views: 1957

Re: predatory lending

The advance turned out to be for $36,762, repaid in $800 daily debits from their bank account starting the day after they got the money. This would continue for about three months, until they’d repaid $59,960, amounting to an annualized interest rate of more than 350 percent. A small price to pay, ...
by djpeteski
Tue Nov 20, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need a financial check up
Replies: 10
Views: 1200

Re: Need a financial check up

Assuming you are putting 15% of your gross into Retirement, being a DR guy, I would pay off the car using money from you savings, then build savings back up to 3-6 months of expenses, then pay off your home early. While you are two of my favorite things, Army and Steeler, I am unsure how you can sa...
by djpeteski
Fri Nov 16, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1277

Re: Do I need a financial advisor?

Once I receive my inheritance I'm paying off the house. That's a goal and I don't think I can be talked out of it. Value of the home at payoff should be about $280k. My only other debt is that I will owe my ex $50k in 4 years when our daughter goes to college or if I sell the house. So every time y...
by djpeteski
Fri Nov 16, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for building my first iOS app?
Replies: 10
Views: 821

Re: Recommendation for building my first iOS app?

If it was me, I would use one of these tools: http://thinkapps.com/blog/development/develop-for-ios-v-android-cross-platform-tools/ You code for both android and IOS. Then I would by a cheap android phone and do your testing on it. All that is needed is an internet connection and drop box. It seems,...
by djpeteski
Fri Nov 16, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Need advice on (2) jackets.
Replies: 32
Views: 2562

Re: Need advice on (2) jackets.

The look exactly the same to me, but I would pick the top one. On the bottom the model looks like he is ready to kill himself.
by djpeteski
Fri Nov 16, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12300

Re: How Long / Hard To Become a Millionaire on Under $100k Income

So there are some key concepts that I have not seen answered to this question. The first is that life is not linear. I recall being in my late 20's and hearing of a couple that was dumping $400/month into mutual funds. This was circa 1995. At the time I thought this was a nearly impossible feat and ...
by djpeteski
Thu Nov 15, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Put Options
Replies: 41
Views: 2907

Re: Put Options

There is actually a decent volume in these, especially at round prices such as 1500 for AMZN or 250 or 300 for NFLX. I'm thinking June 2020 puts to allow enough time and strike price @ 30% discount to current price. (That would still have been the record high only a few months back given the run up...
by djpeteski
Thu Nov 15, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2045

Re: Homeowners Insurance Claim-Experiences?

I do not want to begin repair work until/unless I know what is happening with the insurance. Lets pretend for a moment that insurance will not pay. What would you do? It would probably serve your best interest to repair the house and then either sell or rent. So I would go ahead and start the repai...
by djpeteski
Wed Nov 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5118

Re: Northwestern Mutual nightmare - help needed

You are not in all that bad a shape, and you can quickly recover. Many people have feel for the same old line of garbage. You thought this person was like you, only interested in caring for your patients, and that he was there to help you with your finances. If it was me, I would evaluate, truly, ho...
by djpeteski
Wed Nov 14, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 960

Re: Questions to late starters

First off, I don't think you are a late starter. Starting at age 55 or so is really late so be thankful you are not one of them. If you did 3k/month savings for the next 20 years, you should end up with about 2.7 million. That is in the unlikely event that you do not receive a salary increase. From ...
by djpeteski
Wed Nov 14, 2018 6:47 am
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 43
Views: 2836

Re: Garmins & Fitbits: Worth it for non-athletes?

So I would ask you to define "non-athlete", from your brief post I would tend to put you in the "recreational athlete" category, and can therefore benefit from a fitness tracker. For me, I have the Garmin 920XT, that I pretty much paid full price for, and love it. Would I like something better, yes,...
by djpeteski
Tue Nov 13, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3326

Re: Won a lawsuit after a wrongful death in the family. How to invest?

If you were in your mid-20s, with no family or mentors to speak of, what would you due with the funds? This truly breaks my heart about your situation. First I would tell no one about the money, luckily you can remain anonymous here. Secondly I would attempt to become "adopted" by a family whose va...
by djpeteski
Mon Nov 12, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets from canceling whole life insurance policy - anyone out there?
Replies: 27
Views: 3028

Re: Regrets from canceling whole life insurance policy - anyone out there?

Isn't this a classic example of suviorship bias? The people most likely to be "happy" not cancelling a whole life insurance policy are dead, and therefore unlikely to respond! I doubt it. I have term life insurance because, if I die prematurely, I want my heirs to enjoy some of the income I would h...
by djpeteski
Mon Nov 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets from canceling whole life insurance policy - anyone out there?
Replies: 27
Views: 3028

Re: Regrets from canceling whole life insurance policy - anyone out there?

I'm trying to be as objective as possible by looking at this from the opposite side of the spectrum before we pull the trigger and cancel the policy. Has your health or lifestyle changes significantly since the onset of the whole life policy? Have you had major health events such as diabetes, heart...
by djpeteski
Mon Nov 12, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 2007

Re: Trying to move out.

Focus on what is important. Do you really want to move in with this gal after dating for 6 months? Why not take a year, rent a place, and see where the relationship goes? Then revisit. It seems like you really care about her, and playing house too soon might ruin the relationship. Putting pressure o...
by djpeteski
Thu Nov 08, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2514

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

I assume you are looking for the best rates:

Fidelity brokered rates as of 11/8/19
6 month: 2.4%
2 year: 3.1%

They don't offer anything at 4% currently, but that could change.
by djpeteski
Thu Nov 08, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: High-end Christmas decorations
Replies: 41
Views: 4041

Re: High-end Christmas decorations

Many stores start deeply discounting items prior to Christmas. While perhaps not the high end you are looking for, we purchased some inflatable decorations from Lowe's a full two weeks before the holiday. By the day after they were pretty much cleaned out except for the most unpopular items.
by djpeteski
Thu Nov 08, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1924

Re: How to plan for bonus without knowing amount?

I don't know how to calculate this into our five and ten year plans. I am going to disagree with the conventional wisdom of "not counting your chickens before they hatch". You are looking to create a 5 to 10 year plan, not spending the money prior to getting it. If for whatever reason the bonus fal...
by djpeteski
Tue Nov 06, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: USAA credit card
Replies: 22
Views: 1719

Re: USAA credit card

The fact that USAA loves to give my money to people claiming to be me precludes any kind of deal one can get from their banking arm. Now it is nearly impossible for me to login or get help, but if your not me then they are an open book. After 23 years of having a checking account with them, it has l...
by djpeteski
Fri Nov 02, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Am I paying too much for life & disability insurance?
Replies: 3
Views: 421

Re: Am I paying too much for life & disability insurance?

Whole life is a rip off. That is your issue right there. If I were you I would get in force 1 million in 20 year or so level term and pay the premiums annually. It should cost you about 600/year. You can always shop disability pretty easily, and that is very much occupation dependent. Be careful to ...
by djpeteski
Thu Nov 01, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle 401k or taxable?
Replies: 27
Views: 1679

Re: Side Hustle 401k or taxable?

If it was me, I would taxable this money. 30k/year is a healthy side hustle, could this grow into a full time business? Even if not do you think you would want to expand something else into a full time business? Having a "war chest" of cash, in order to do, might make a dream into a reality that is ...
by djpeteski
Thu Nov 01, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership
Replies: 29
Views: 2058

Re: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership

One of my favorite activities at the motorcycle festivities in Daytona was go on the manufacturer sponsored test drives. Typically I took a day off of work and received nothing in exchange other than the right to drive the motorcycle. If your that kind of person, that is would have fun test driving ...
by djpeteski
Wed Oct 31, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Time to sell our condo? Advice needed.
Replies: 24
Views: 2622

Re: Time to sell our condo? Advice needed.

The car alone is killing you. Can you sell the car and do without, occasionally renting? If not can you get a more reasonable car? As far as selling the house it is not a bad idea and a decent strategy to get out of debt. It makes it especially good if you think the market will turn down prior to yo...
by djpeteski
Wed Oct 31, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1773

Re: Credit Card Debt for Grandma

If it was me, I would have her stop using the cards.

Pay cash for stuff only. If a card is really necessary, then use prepaid debt.

Stop paying on the cards.

Settle for pennies on the dollar if at all.