Search found 29 matches

by PressIt
Sat Aug 17, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Niece divorce - house questions
Replies: 44
Views: 3959

Re: Niece divorce and house

If the mortgage is in the husband's name, she will probably have to refinance a new mortgage. The bank is unlikely to allow her to assume the current mortgage. The refinance costs can be pretty substantial. This is generally true, but it's worth calling the bank and asking. I assumed a Wells Fargo ...
by PressIt
Wed Jun 05, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 8730

Re: What flagship (even used) item is better than a budget new item?

Pajamas / underwear / socks Dishwashers Tools I rarely go “top shelf” with electronics as they go obsolete relatively quickly and lose value quickly as well. The one exception I make was mentioned. If it were in my budget, I would always choose Apple made computers. My lone MacBook Air has lasted me...
by PressIt
Thu Mar 21, 2019 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Newlyweds
Replies: 27
Views: 1935

Re: Best Bank for Newlyweds

My SO and I just moved everything from CapOne360 to SoFi Money. At CapOne360 we got 0.2% in checking, 1% in savings, and 2% in their MM account (as long as balance >$10k). No ATM reimbursement. We rarely use cash, but every few months this meant a small annoying ATM fee. At SoFi Money, we get 2.25%...
by PressIt
Sat Mar 16, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Best app to listen to music?
Replies: 13
Views: 1330

Re: Best app to listen to music?

I’ll throw in a vote for amazon music. You can play it on your phone or with an echo / Alexa enabled speaker. I’ve yet to find music that isn’t included, and I like the ability to search by saying things like “play me the song with the lyrics [input lyrics here]” which finds me my song almost every ...
by PressIt
Mon Feb 18, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Car purchase, income ratio
Replies: 22
Views: 1936

Re: Car purchase, income ratio

You can afford, but do you really need to spend 46K on a car? Yikes! Don't forget your increase in licensing (most likely) and insurance. 46k is a lot of money, but compared to OP’s income and previous car use (15 years with one car) it seems pretty reasonable. While you could certainly find one ch...
by PressIt
Thu Dec 20, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: A case against buy and hold index investing
Replies: 39
Views: 4880

Re: A case against buy and hold index investing

Businesses that do make a profit in the long term go bankrupt and disappear from the market, but you do not know which ones will go bankrupt, so you invest in the entire Because of the paragraph spacing I read this as “businesses that do not make a profit in the long term go bankrupt and disappear ...
by PressIt
Fri Nov 02, 2018 5:45 am
Forum: Personal Consumer Issues
Topic: Where to stay to visit Yosemite
Replies: 12
Views: 1428

Re: Where to stay to visit Yosemite

There are a few options outside the park, but personally I prefer to stay inside the park if possible. The views from within the valley are amazing, and you avoid the 30+ minute drive to get into The Valley every day, plus the headache of parking / traffic depending what time of the year you go. I’...
by PressIt
Fri Nov 02, 2018 5:43 am
Forum: Personal Consumer Issues
Topic: Where to stay to visit Yosemite
Replies: 12
Views: 1428

Re: Where to stay to visit Yosemite

There are a few options outside the park, but personally I prefer to stay inside the park if possible. The views from within the valley are amazing, and you avoid the 30+ minute drive to get into The Valley every day, plus the headache of parking / traffic depending what time of the year you go. I’v...
by PressIt
Mon Oct 08, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Pension will be transferred to an insurance company
Replies: 2
Views: 367

Re: Pension will be transferred to an insurance company

They give you the lump sum this year, but what age does the pension actually start paying out? Is it age 65 like the second pension? Or starts now?
by PressIt
Sun Aug 05, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: My Credit Card Rewards Strategy
Replies: 28
Views: 3516

Re: My Credit Card Rewards Strategy

If you have suggestions please let me know. I am 25 single and male, and my FICO score is 780. Cards: Chase AARP - 3% back on dining / gas Chase Freedom - 5% rotating categories Discover IT - 1% / 5% rotating categories Discover Miles - 1.5% cash back all Amex Blue Cash - 3% supermarkets Where else...
by PressIt
Sun Jul 29, 2018 7:34 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 229
Views: 15691

Re: Toughest Purchase of my Life. Engagement Ring time

My wife is very frugal, and would have demanded I spent less than $500 or so on a ring. I ended up “splurging” for a 4.5k diamond and she absolutely loves it. She always comments she was never a jewelry person but she appreciates it now (I created a monster?). I would just say if you’re going to buy...
by PressIt
Sat Jul 28, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1882

Re: Traveling to Cuba - currency exchange

You'll be there only for a short time, so do it the easiest way. If you were staying longer then it would be worth the effort to optimize. Just thought I’d chime in, as my wife moved here from Cuba when she was 20 and we fly back pretty often (both American citizens). Easiest way = the best way. Al...
by PressIt
Tue Jul 24, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Auto loan payback credit score verse interest
Replies: 8
Views: 788

Re: Auto loan payback credit score verse interest

My interest rate is 4.99% APR over 6 years on a new loan for a car $13000. Would anyone in the Bogleheads communty be able to advise me if it would be prudent to pay $12000 tomorrow and then wait to pay it off for some years in the future? I want to help my credit and also limit the amount of inter...
by PressIt
Tue Jul 24, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 8425

Re: Son Hurt at Summer Camp

I am puzzled by the approach that says "my son lost his balance and fell, how much money can I get?". I am being a touch hyperbolic on purpose, but we always complain about the cost of services. (Med, Ins, etc) This is one of the things that drive that sort of expense. I guess I would say "my kid l...
by PressIt
Tue Jun 26, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Pre-made grout?
Replies: 8
Views: 1054

Re: Pre-made grout?

For a small area I’d use the pre mixed grout. If you go with the powder, and you live in an area with hard water or well water, mix the powder with distilled water. I learned the hard way that the high mineral content in the hard water can leave white residue and uneven grout coloring. This was in L...
by PressIt
Fri Jun 22, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: How to get cheap flights?
Replies: 18
Views: 1387

Re: How to get cheap flights?

There’s an app I’ve used before called Hopper. You put in where you want to fly, add the dates, and it will show you the current prices for those specific dates and if there are cheaper flights if you’re more flexible. It then tells you whether prices are expected to rise or drop based on a algorith...
by PressIt
Sun Jun 17, 2018 11:33 am
Forum: Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 3665

Re: When to "raise my rate" (Ally bank CD)

Ally generally has not had competitive CD rates in years. Kevin I think that statement can be made about almost all their product's rates. I keep using them for convenience, but there are much better places rate wise. I keep hoping they raise their MM account up past .9%. I like it for convenience,...
by PressIt
Sat Jun 16, 2018 6:32 am
Forum: Personal Investments
Topic: What next?
Replies: 8
Views: 1484

Re: What next?

Not really related to your main question, but maybe think about moving your emergency fund somewhere else? $12,000 in a Wells Fargo savings account will earn you less than $2 a year in interest. The same money in an ally savings account earns $198 a year. Same fdic protections. Free money is free mo...
by PressIt
Fri Jun 01, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 2340

Re: How do you repay back a 401k loan

Every company is different. The “standard” that I’ve seen do not allow you to make extra payments. The only time you can pay it off early is if you repay the entire outstanding balance at once. I would just pick up the phone and make a call to be sure. You didn’t ask this, and I’m sure you’re aware,...
by PressIt
Wed May 30, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Dash camera
Replies: 21
Views: 3750

Re: Dash camera

Just a quick update for those that may stumble across this thread in a similar situation. The police do not take noninjury accident reports, I called them anyways as the driver was hesitant to give me his information stating he would call me with it tomorrow. He found it when the police showed up.. ...
by PressIt
Fri May 18, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Dash camera
Replies: 21
Views: 3750

Re: Dash camera

Thanks for all the feedback. I like the idea about no gps. I don’t speed usually but wouldn’t like to give ammo to an insurance company.

The cell phone idea is interesting. They should make an app for that
by PressIt
Fri May 18, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Dash camera
Replies: 21
Views: 3750

Dash camera

Recently had my wife involved in an accident where the other driver was 100% at fault, and admitted it at the scene. Month or so later he is now changing his story and insurance wants to split liability 50/50. Thankfully, I have 2 independent witnesses who stopped to give my wife their info,but in t...
by PressIt
Wed May 16, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Cash Back or Points? Spending Strategy
Replies: 5
Views: 1191

Re: 2.5% Cash Back or Points? Spending Strategy

I think it will depend on what you anticipate using your points for. For example, I use the chase sapphire reserve because I like to transfer the points to my Hyatt rewards (they transfer at a 1:1 ratio) 5,000 points, which equates to $50 cash back, gets me a free night at a category 1 property, wee...
by PressIt
Mon Apr 23, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Credit Cards
Replies: 20
Views: 2320

Re: Credit Score and Credit Cards

That's true that it will still affect his average age of accounts(although not on Credit Karma..Credit Karma only calculates based on open accounts), but if it was one of his only open cards, that can negatively affect him as well. It does not impact average age of accounts for FICO scoring. Averag...
by PressIt
Mon Apr 23, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Credit Cards
Replies: 20
Views: 2320

Re: Credit Score and Credit Cards

Closing 1 of 2 accounts could potentially alter this significantly. Closing an account wouldn't impact this. FICO scoring model looks at all accounts (both closed and open) when determining the average age. That's true that it will still affect his average age of accounts(although not on Credit Kar...
by PressIt
Thu Apr 05, 2018 5:42 am
Forum: Personal Consumer Issues
Topic: Any way to raise credit score 3 points in a month?
Replies: 16
Views: 1710

Re: Any way to raise credit score 3 points in a month?

Pay off all tradelines and make sure they balance is zero when the issuer reports. The rule for balances is “all zero except one” — assuming you have at least 4 cards. (No idea if it helps people with 1-2 cards. Probably safer to zero out in that case.) That one balance can and should be something ...
by PressIt
Sun Mar 18, 2018 11:40 am
Forum: Personal Investments
Topic: Keep Dad's Annuity or Transfer
Replies: 4
Views: 651

Re: Keep Dad's Annuity or Transfer

5 years is a pretty short time frame, and it seems like the expense duration is 5 years, which means portions of it will be needed this year, next year, etc. considering that ultra short time frame 3% guaranteed seems pretty reasonable to me. I’d stick with where it’s at
by PressIt
Sun Mar 18, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: no health insurance as an early retirement strategy
Replies: 30
Views: 2756

Re: no health insurance as an early retirement strategy

I can see your argument, but not all acute medical conditions cripple you or drastically alter your remaining years. My dad had cancer at 57, with great health insurance he underwent treatment. He’s now 65, cancer free, and in amazing health. Retired and living some of the best years of his life, wi...
by PressIt
Fri Mar 16, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced Rum?
Replies: 48
Views: 5322

Re: What is your favorite reasonably priced Rum?

Only one I know that is a great sipping rum and reasonably priced is illegal to buy in United States. Havana Club seven year old can be purchased quite reasonably in Cuba where it is produced, but limited to bringing not more than two bottles into US. Almost worth the trip. Just FYI they've lifted ...