Search found 226 matches

by NextMil
Fri May 25, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 46
Views: 3698

Re: Alexa Echo sent family's audio file to a contact

The world will always have Luddites.
by NextMil
Fri May 25, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: Rum and Summer Cocktails
Replies: 27
Views: 1392

Re: Rum and Summer Cocktails

I think conventional wisdom is that if you are mixing it with anything you want a decent, not expensive rum, because the high end stuff is really for sipping by itself. The minute you introduce a mixer its just a waste of money using a higher end rum. Captain Morgans or Bacardi is fine for anything ...
by NextMil
Fri May 25, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3317

Re: When did this start??

I've noticed this before and it's a bit sneaky in my opinion. I'm an ok tipper (not horrible, not great). I think it'll all poorly constructed because the back of the kitchen line chefs need better income support. Ex: if you have really good food you might leave a better tip, but that doesn't go to...
by NextMil
Fri May 25, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 52
Views: 3581

Re: I've never budgeted sucessfully

That is exactly how I do it too. One checking account that pays all the bills. Its so brilliantly simple.
by NextMil
Fri May 25, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 46
Views: 3698

Re: Alexa Echo sent family's audio file to a contact

I dumped my echo for a home pod when apple said they view privacy as a human right. Maybe I am naive, but I love the home pod, amazing sound that way outperforms the 2nd gen echo, and it does everything I want it to do, and I don't have to scream at it for it to work. I am sure there will be people ...
by NextMil
Fri May 25, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3317

Re: When did this start??

Always tip on the full amount. 20% if Service is is good. 15% or 10% if mediocre or terrible. 20+% and a note on tab that you had great service if it was outstanding. The latter helps a server get better shifts, and if they are good you are helping diners to obtain better service. Don’t try to reaso...
by NextMil
Fri May 25, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 52
Views: 3581

Re: I've never budgeted sucessfully

This will probably come off as arrogant, even though its not meant to, but it baffles me that anyone thinks its a lot of work or hard to do, or you need some fancy program. I have an excel spreadsheet that works the same every month (copy and paste), a checking account that pays all the bills on aut...
by NextMil
Wed May 23, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 157
Views: 4736

Re: Purchasing a house, downpayment vs. retirement and other considerations

Needham vs. Natick...isn't this how the Hattfields and McCoys started? Brantley, in case you have not considered this, but Chillyuber was trying to help you, and you basically insulted him. When it comes to real estate, especially locational purchases, people get really touchy. Its why both of you a...
by NextMil
Wed May 23, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 157
Views: 4736

Re: Purchasing a house, downpayment vs. retirement and other considerations

He early on said the town was something approved by in laws or something to that affect. So it seems Needham or bust. You clearly are going to buy it or already bought it. In either case, ask for the yearly gift max and shove that into the mortgage and recast yearly. This thing will put the hurt on ...
by NextMil
Wed May 23, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2359

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

Yup. Don't spend the cash. Park that cash in a future car account and drive that thing until its not worth repairing anything mechanical.
by NextMil
Wed May 23, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs Emergency Fund
Replies: 21
Views: 1283

Re: 529 vs Emergency Fund

You will probably get varying answers on this, but if I were you, I would build the emergency fund, then move on to the rest of your plan.
by NextMil
Wed May 23, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 157
Views: 4736

Re: Purchasing a house, downpayment vs. retirement and other considerations

Hard to sort through not knowing your income. Knee jerk reaction is you are buying too much house, but again, if we don't know your income it might not be. There are a lot of qualifiers here in terms of benefits on why you can afford it. It seems to only work if it works, which is a tough spot to be...
by NextMil
Wed May 23, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

schwank wrote:
Wed May 23, 2018 1:39 pm
You guys just cost me a couple hundred bucks on clothes based on some links in this thread. I may be a computer nerd but still need some sport coats to wear with jeans on occasion. That dappered site is dangerous!
Haha. Better get some sticks to beat them off of you....
by NextMil
Wed May 23, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2654

Re: Parents with pre-K kids and 529 target

Thanks all. Seems like there are really two mainstream strategies developing, invest until you feel you have enough with a target of $100k, or fill up heavy on the front end and ride. I am in the former camp, but I think there is merit to the second camp, which is what I had been thinking. I also li...
by NextMil
Wed May 23, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

As someone who has worn both (though, as the original quote points out, not at work) I'll take jeans any day. I do like the way I look in my suits, but I would never say it's as comfortable as jeans. Maybe you're buying the wrong pairs of jeans/not keeping them long enough? :D Maybe my 501s are not...
by NextMil
Wed May 23, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

I get it. I just don't like what the non-iron coating does to the shirts. They feel slippery and don't breathe well. The newer brooks brothers at their flagship stores have adjusted the shirts so they are more breathable, much less plasticy. The old ones were like wearing a plastic bag. Once you fa...
by NextMil
Wed May 23, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2654

Re: Parents with pre-K kids and 529 target

The goal is exactly what I am trying to figure out. The problem I am finding is that its hard to know what the cost will be in 14 years, so I am trying to hedge a little against overfunding vs. taxable. The calcs online are all over the board. In my state the tax deduction is sort of negligible so I...
by NextMil
Wed May 23, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2257

Re: Need help with debt strategy

Yeah, for clarity sake, DR uses snowball method. Avalanche method is highest interest rate first. Vertex42 has a spreadsheet entitled debt reduction calculator that you can download and gives you the option of both methods built in. Its super easy to use, and I would recommend using it for whichever...
by NextMil
Wed May 23, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2257

Re: Need help with debt strategy

Dave Ramsey's approach makes sense if you are feeling overwhelmed, have debts of a wide range of sizes, and have one that you can knock out quickly to build psychological momentum. Tackling the highest interest rate debt may seem insurmountable if it will take months and months to retire that debt....
by NextMil
Wed May 23, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 2654

Parents with pre-K kids and 529 target

Do you have a target for your 529 by a certain age? I have read thousands of posts on 529s and debates on the value of 529s vs taxable etc. My question is that if you have a child or a few do you have a target for their 529 at a certain age before you plan to flip your investing strategy to taxable?...
by NextMil
Wed May 23, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8061

Re: Dave Ramsey it or keep low interest debt

Risk that the bank screws up, and your zero percent flips to 18% and your 2.5% you are grinding out on the $20k a year, is decimated in a matter of minutes between the higher finance charge, the late payment fee, and the whatever else they decide to tack on. Even if you can get the bank to work wit...
by NextMil
Wed May 23, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2257

Re: Need help with debt strategy

I would check out Dave Ramsey's Total Money Makeover book, and follow his advice to get out of debt - its a simple read and cheap if you cannot find it at your library. As Pajamas said, you should be able to knock out the credit card debt really quickly, and then get after those student loans. You ...
by NextMil
Wed May 23, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

Shoes are really important. I spend 4-500 per pair (on sale) for a brand that fits me very well, and I have about 5 pairs altogether. I can walk for miles in these shoes without discomfort and they are extremely durable. I started this about 8 or 9 years ago and I still wear my first pair--they loo...
by NextMil
Wed May 23, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2257

Re: Need help with debt strategy

I would check out Dave Ramsey's Total Money Makeover book, and follow his advice to get out of debt - its a simple read and cheap if you cannot find it at your library. As Pajamas said, you should be able to knock out the credit card debt really quickly, and then get after those student loans. You c...
by NextMil
Wed May 23, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2257

Re: Need help with debt strategy

OnTrack2020 wrote:
Wed May 23, 2018 8:10 am
How come all of your student loans are due at once? I'm assuming there is an option to set up a payment plan?
More than likely that is when he or she has to start paying on them.
by NextMil
Wed May 23, 2018 5:41 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

Where are all these jobs that let you wear jeans? :confused I would love to wear my Wal-Mart Wranglers all day everyday. (I even sleep in them occasionally.) Apparently I missed the Life mini-lotto... I've never worn anything other than jeans for my entire 20 year career. I also would never take a ...
by NextMil
Tue May 22, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8061

Re: Dave Ramsey it or keep low interest debt

It's still not good advice in a high rate environment.The debt snowball, for example, pays no heed if one of your debts is at a much higher interest rate than the rest. That is only good advice in-so-far as it's a behavioral assist, or if you have short-term cash-flow issues. It's not a good plan f...
by NextMil
Tue May 22, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8061

Re: Dave Ramsey it or keep low interest debt

I sometimes think people thumb their nose at Ramsey because they didn’t think of it first l, and/or for some reason if something is simple it can’t be effective. No; it's just that it's bad advice for anyone who's not emotionally controlled by debt. I must say, I’m actually jealous of people who do...
by NextMil
Tue May 22, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8061

Re: Dave Ramsey it or keep low interest debt

I take him seriously. If it wasn't for him, I would be in a terrible position and no where close to where I am today. Seems silly to me to be so dismissive.
by NextMil
Tue May 22, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8061

Re: Dave Ramsey it or keep low interest debt

I would DR it in a hearbeat for cleanliness sake. Its $58k and no more payments. Why have annoying monthly payments hanging around? Sure you could make a spread, but with your income, who cares about a few extra bucks? I am guessing we are not talking a 30 year amortization schedule, so what are you...
by NextMil
Tue May 22, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

Not full suit as I only wear a jacket and tie if meeting clients off site. Really more like good slacks and dress shirts. I like the jacket no tie look and that's acceptable for the meetings above. Hunt for deals on good slacks from the places I mentioned and find a good tailor. If you wear undersh...
by NextMil
Tue May 22, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

My boss's boss is in another country and my boss is female...so that guidance won't work. :) We have a range of fashions at our Megacorp. Some are sloppy and it's not a good look. Others are way on the other end, most are in the middle. My objective is simply to look a little more put together in t...
by NextMil
Tue May 22, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4571

Re: How have you upgraded your wardrobe?

Saks off 5th. Nordstrom rack. Barneys warehouse. All of them you can get good quality stuff online especially with sales. I should say you need to know what you are doing, and its better to have a good tailor than an expensive suit. If you can go to a store and find the right fit, then you can order...
by NextMil
Mon May 21, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 1990

Re: Estate Planning Basics

We just did ours. Literally signed a few hours ago. I did something with legal zoom and it was woefully inadequate which was confirmed by book recommendation and attorney we worked with on it. I can tell you that having counsel helped tremendously especially with the little details you miss and cont...
by NextMil
Thu May 17, 2018 6:19 am
Forum: Personal Consumer Issues
Topic: Patio furniture cover in the northeast
Replies: 9
Views: 510

Re: Patio furniture cover in the northeast

I have had good luck with classic accessories ravenna - search amazon for it, but it does not get wicked cold where I am at, although we do get some snow stahms every once in a while.
by NextMil
Thu May 17, 2018 6:14 am
Forum: Personal Consumer Issues
Topic: What exactly causes a spring mattress to wear out?
Replies: 14
Views: 1298

Re: What exactly causes a spring mattress to wear out?

FWIW - I have used the warranty on two mattresses that started to sag within the 10 year warranty time frame from a mattress store. Both times they sent a tech, he checked out the mattress, saw the indent, and told the store the bed failed. Both times we received full purchase price credit to purcha...
by NextMil
Wed May 16, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6005

Re: Neighbor wants to use our land temporarily - let them or not?

Let them do it, but tell them that their contractor must use your lawn service to repair the yard. That will ensure that you have an honest broker on your side that will look out for your yard.
by NextMil
Wed May 16, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4320

Re: New motorcycle rider

I loved my rocket, but sold it as I realized that I would likely end up with serious injury or death. Way too much raw power in your hands, and I would think, today, with people on smartphones driving, its even riskier.
by NextMil
Tue May 15, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 42
Views: 4723

Re: Best options for cash in Schwab brokerage accounts?

I just moved my emergency fund from ally into this, because I was tired of having it outside of Schwab. Just a personal preference in trying to simplify my financial life. After expense ratio, I am still doing better than ally, right? As the expense ratio is baked into the return, correct? The quot...
by NextMil
Tue May 15, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 42
Views: 4723

Re: Best options for cash in Schwab brokerage accounts?

I just moved my emergency fund from ally into this, because I was tired of having it outside of Schwab. Just a personal preference in trying to simplify my financial life. After expense ratio, I am still doing better than ally, right? As the expense ratio is baked into the return, correct?
by NextMil
Sun May 13, 2018 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Quest for the perfect online savings bank
Replies: 18
Views: 2256

Re: Quest for the perfect online savings bank

...I should be able to link the account to my brokerage and checking accounts... The simple solution is just keep cash in your brokerage account. Who needs an extra account for a couple of tenths of a percent on a few thousand bucks? 10k? More? No need to keep too much in cash . Prime Money Market ...
by NextMil
Fri May 11, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4374

Re: Should I pay cash for a house?

Dude. Awesome. Great work. I would pay cash in a heartbeat. I always get seller to pay closing costs , so find a realtor that knows what they are doing with cash offers and you may be able to extract more than just 5k. 30 and a paid for house, strong emergency fund, and dumping cash into retirement...
by NextMil
Fri May 11, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4374

Re: Should I pay cash for a house?

Dude. Awesome. Great work. I would pay cash in a heartbeat. I always get seller to pay closing costs , so find a realtor that knows what they are doing with cash offers and you may be able to extract more than just 5k. 30 and a paid for house, strong emergency fund, and dumping cash into retirement...
by NextMil
Fri May 11, 2018 4:48 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4374

Re: Should I pay cash for a house?

Dude. Awesome. Great work. I would pay cash in a heartbeat. I always get seller to pay closing costs, so find a realtor that knows what they are doing with cash offers and you may be able to extract more than just 5k. 30 and a paid for house, strong emergency fund, and dumping cash into retirement. ...
by NextMil
Thu May 10, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 2994

Re: Payoff mortgage early or save?

Our mortgage balance is $650k, 2.75% 15 year term with about 12 years remaining if regular payments are made. Last kid in college for 2 more years. Could start paying off mortgage by adding $10k/month to payments after she graduates. With my good mortgage terms, is it better to payoff or find somew...
by NextMil
Thu May 10, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Question
Replies: 22
Views: 2348

Re: Mortgage Payoff Question

We currently both max our 401k and have plans to do so into the future..... Since we are in pretty good shape for retirement savings and earnings in general at jobs that are pretty stable, we are considering trying to pay off the mortgage over the next 4 or so years. If we do this, we would likely ...
by NextMil
Wed May 09, 2018 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Starting to Invest for 1yr old daughter
Replies: 19
Views: 2168

Re: Starting to Invest for 1yr old daughter

Why don't you just hang on to the cash and give it to her when she is thirty? This seems like an awful lot of work and paperwork to control the money when you could just hang onto it and earmark it yourself. Add me to the list of 529 supporters. Skills > Cash. I also wouldn't hesitate on a 529. Sure...
by NextMil
Tue May 08, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3244

Re: When did you start drawing profits from taxable?

Just like the wide variety of posts in this thread...only you can decide for yourself. It's hard "going backwards" isn't it? lol. I struggle too. I lost a small fortune (actually not so small) when the financial meltdown happened. I lost my business, savings, tapped retirements, and on and on. MAJO...
by NextMil
Tue May 08, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3244

Re: When did you start drawing profits from taxable?

What is your goal? If you don't have a goal it is hard to stay motivated. Maybe that's just it. I think its FI. Not necessarily FIRE, but maybe, who knows? Maybe I need to define my overarching goal better, and sub goals better. When it was just de-leveraging through the snowball it was almost easi...
by NextMil
Tue May 08, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3244

Re: When did you start drawing profits from taxable?

I understand. What is the interest rate on your mortgage? There are situations where it makes good sense to pay off or pay down a mortgage rather than invest in a taxable account. Also becoming completely debt free has psychological benefits, it feels great. So my feeling is that it can be good to ...