Search found 37 matches

by johnny
Sat Jan 04, 2020 7:05 am
Forum: Personal Investments
Topic: Update to request for portfolio review
Replies: 7
Views: 794

Re: Update to request for portfolio review

Questions: 1.Knowing that we plan to buy a house within the next year, and that we already have our planned max down payment of 170K in cash, what should we be doing with it now? Is there somewhere better (but still available) than a savings account to put that? I have a similar amount saved up for...
by johnny
Fri Jan 03, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: After almost 30 years I need a replacement. Where is the best place to get business news on the net that you can watch?
Replies: 58
Views: 6540

Re: After almost 30 years I need a replacement. Where is the best place to get business news on the net that you can wa

Turned on the TV yesterday expecting NBR and was confused why I was watching some BBC thing. Sorry to hear of NBRs demise.

I liked hearing about the business issues and trends. Stock movement not very relevant.
by johnny
Sat Nov 23, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: switch to manager role with 10% less pay, good idea?
Replies: 36
Views: 2966

Re: switch to manager role with 10% less pay, good idea?

There are a lot of good things about moving to a manager role, especially if you are interested in coaching people and you've run out of challenges in the technical arena. However, commiting to a move and a pay cut in order to get there doesn't make any sense to me. Don't underestimate the challenge...
by johnny
Sun Nov 03, 2019 7:13 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 87833

Re: Flaunt Your High-Mileage Car

2009 Honda Odyssey. 213k miles. :sharebeer

On a recent trip I asked DW which car she wanted to drive, and she picked the Odyssey over our newer vehicle. Purchased new during the Great Recession (so I got a good discount), and I've gotten great value out of it.
by johnny
Sun Nov 03, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3305

Article on Dividends (J Clements)

Recently, I read this interesting article by Jonathan Clements on dividends: https://humbledollar.com/2019/11/cash-back/ The example that's referenced in the article of GM's value creation and how it was realized over time in terms of dividends was striking. With the current situation (a number of c...
by johnny
Mon Sep 23, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 129
Views: 8893

Re: First car for child

RootSki wrote:
Mon Sep 23, 2019 9:44 am
Any Volvo 2008+
+1

Don't give up collision. Normal formulas based on one accident every 10 years don't apply to teens!
by johnny
Wed Aug 21, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How do you get billed for child's college when not enough cash?
Replies: 50
Views: 4256

Re: How do you get billed for child's college when not enough cash?

It's good that you're planning. I know this is the biggest item in our family's budget. I set aside monthly portions of my paycheck so at the beginning of the semester I can pay in full. I could use a payment plan as described, but I prefer knowing that I have each semester's tuition up front. My so...
by johnny
Tue Jul 23, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9799

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Understand how your taxes work, at all points in your life with different incomes and what options you can use to legally not pay more taxes than you have to. I find this is a very important one that is often overlooked. Good luck! :sharebeer I agree with this. For too many years I waited until tax...
by johnny
Fri Jun 14, 2019 9:39 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 212
Views: 24261

Re: How have your homes as investments done?

Purchased our house 10 years ago and selling this year. Great place to live and raise a family (and great memories). No major renovations. Appreciation amounts to 1.4% per year in our flat real estate market -- probably covers a little more than maintenance and repair.
by johnny
Sun Jun 02, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Painting Cabinets - Is it that hard ?
Replies: 38
Views: 3302

Re: Painting Cabinets - Is it that hard ?

Painting the cabinets takes time. Remove the doors, remove the hardware... We had ours repainted last summer. Cost about $1500, but definitely improved the look of the place.
by johnny
Sun May 19, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - how much? group vs individual fixed term
Replies: 8
Views: 720

Re: Life insurance - how much? group vs individual fixed term

Thanks for all the input. So here are my takeaways ... 1) In order to make a decision I need to consider the *entire* 10 year term. It's not just this year's monthly budget. Before this thread I actually wasn't considering my cost for group life, because it's relatively cheap and gets deducted prior...
by johnny
Sat May 18, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - how much? group vs individual fixed term
Replies: 8
Views: 720

Re: Life insurance - how much? group vs individual fixed term

What is the cost of your 4x group life vs the cost of a 4x level term policy for a 10 year period? Normally the advice would be to not rely on group life for primary insurance coverage. Given your health, your situation might be different. 2x salary is covered by the company, and the 10 year cost f...
by johnny
Sat May 18, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - how much? group vs individual fixed term
Replies: 8
Views: 720

Life insurance - how much? group vs individual fixed term

I'm 51 and provide most of the income for my family (youngest just starting college), and am currently re-evaluating my life insurance needs (after procrastinating far too long on the topic). After evaluating DW and my retirement plan, it occurred to me that quite a lot of things could go wrong in t...
by johnny
Sat Apr 20, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: YubiKey Setup Questions
Replies: 2
Views: 559

Re: YubiKey Setup Questions

I don't use VeraCrypt, but I do have a Yubikey 4. The Yubikey has two memory "slots" for authentication/secrets. They can be configured to do HOTP, TOTP, crypto key (like PGP), or even just a static password. The last of these works very simply: You press the button and the yubikey "types" your pass...
by johnny
Wed Apr 17, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Question on compromised credit cards
Replies: 20
Views: 1316

Re: Question on compromised credit cards

You probably should look into whether your computer may have been compromised. (Assuming you may have used both cards on it at some point in time.) If you used both cards at the same web site, it's possible that the site was hacked and now bad guys are running through the set of card numbers that we...
by johnny
Sun Mar 24, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Working with Relocation Company for move
Replies: 2
Views: 379

Re: Working with Relocation Company for move

I literally just did this exact thing. Like you, I got skittish and so I hired a real estate attorney myself in the transaction state, and just sent him a bunch of relevant documents for him to review. He said everything looks fine, it's a common thing, and call him if there is any actual problem, ...
by johnny
Sat Mar 23, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: Working with Relocation Company for move
Replies: 2
Views: 379

Working with Relocation Company for move

I've been offered a relocation for my current job and have kicked off the process only to discover that there is a lot of complexity involved. The relo company will actually buy my home from me, then do a same day sale to the new owner. There are lots of legal documents (naturally), and I'm followin...
by johnny
Sun Mar 10, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I leave my local bank
Replies: 43
Views: 3877

Re: Should I leave my local bank

I closed my local bank account 18 years ago. Haven't had any problems.
by johnny
Sat Mar 09, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover 401k - Can I take a loan from it?
Replies: 12
Views: 889

Re: Rollover 401k - Can I take a loan from it?

You need to read the summary plan description, but I would suspect that your ability to get a loan went away when you left your employer. You can however roll the funds to an IRA and there are some ways to make withdrawals, especially for a number of hardship reasons. You might want to check out the...
by johnny
Sat Mar 09, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: DIY Will and Trust?
Replies: 5
Views: 438

Re: DIY Will and Trust?

My wife convinced me to go to an estate attorney a couple years ago. I was in awe about what he knew about the subject. It was about $1500 to get the will done, but I figure that it will easily pay for itself given the dollars we're talking about here.
by johnny
Sat Mar 09, 2019 6:29 pm
Forum: Personal Investments
Topic: USAA
Replies: 18
Views: 3042

Re: USAA

I am a 25+ year USAA member. Use banking and insurance primarily, and for a long time used the investment services. Moved to Vanguard 5 years ago because I wanted to invest in their funds without purchase fees. It's been a good move. Vanguard clearly has a favorable fee schedule compared to USAA. Ev...
by johnny
Sun Mar 03, 2019 8:48 pm
Forum: Personal Consumer Issues
Topic: Where to find inexpensive unlocked phone
Replies: 56
Views: 4462

Re: Where to find inexpensive unlocked phone

+1 for Moto G5 (my daily phone) and Moto X4 (bought one for my son). Good phones at good prices. For even better deals you can purchase used phones at www.swappa.com I have purchased a number of used phones at Swappa. They have great quality control over the sellers, check serial numbers against the...
by johnny
Fri Mar 01, 2019 2:49 pm
Forum: Personal Investments
Topic: Proceeds from home sale
Replies: 8
Views: 670

Re: Proceeds from home sale

Op Your 140k free cash equity will mean the FASA determine your family should use the cash to pay for college expenses. If you have 457b, 403b, 401k and Roth IRA or traditional those retirement funds are not consider available. I would fund 6 months of emergency debt, pay off auto loan and fund ret...
by johnny
Fri Mar 01, 2019 12:09 pm
Forum: Personal Investments
Topic: Proceeds from home sale
Replies: 8
Views: 670

Re: Proceeds from home sale

With respect to college, i don’t have a strong opinion regarding the student loans so I hope someone else will chime in. My son is attending a small private college that he loves. Are you concerned about the cost? meaning it is way too expensive, regardless of who is paying for it. That would be a ...
by johnny
Fri Mar 01, 2019 11:29 am
Forum: Personal Investments
Topic: Proceeds from home sale
Replies: 8
Views: 670

Proceeds from home sale

One of many questions on this topic I know, but everyone's life circumstance is different, so I wanted to put my scenario out there to see what considerations I may be missing. Thanks in advance for your input. I'm in my 50's and currently relocating due to job change. DW and I are planning to sell ...
by johnny
Thu Feb 21, 2019 6:28 am
Forum: Personal Investments
Topic: Transfer to Vanguard and medallion signature guarantee
Replies: 28
Views: 4444

Re: Transfer to Vanguard and medallion signature guarantee

Talk to the financial institution you are moving *from*. I found that the investment company I was leaving had no requirement for medallion, and Vanguard as the recipient of the funds didn't either.
by johnny
Mon Feb 18, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Software
Replies: 13
Views: 1091

Re: Budgeting Software

I used Quicken for years to track spending, but it never helped me budget. I found out from Dave Ramsey's course that I was doing it all wrong ... Looking backward instead of planning forward. Youneedabudget (YNAB) is a forward-looking budget tool. You only budget money you actually have and "give e...
by johnny
Mon Feb 18, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 7988

Re: High earners: thoughts on college and aid

Our experience - currently making a bit more than 200k. My son got zero need based aid to the state school. A small private liberal arts college awarded a $5k loan along with a scholarship (assuming $25k/year contribution by the parents). Both of those made sense to me. Then this week he gets accept...
by johnny
Sat Feb 09, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Advice with 529 for a single mom
Replies: 21
Views: 1417

Re: Advice with 529 for a single mom

One thing to keep in mind is the American opportunity tax credit for which you will likely qualify given your income level. 529 distributions can offset your eligibility for the credit, as describe here https://www.forbes.com/sites/troyonink/2015/05/31/coordinating-529-plan-withdrawals-with-the-amer...
by johnny
Tue Feb 05, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: What does financial peace look like to YOU?
Replies: 64
Views: 6179

Re: What does financial peace look like to YOU?

Great topic! I took the Dave Ramsey course a few years ago. I liked his treatment of working with your spouse on financial goals. So that's my #1 for financial peace - being on the same page as my spouse. #2 - having an investment plan and AA that let's me sleep at night and vanquishes "fear of miss...
by johnny
Sun Jan 27, 2019 8:13 am
Forum: Personal Consumer Issues
Topic: Did I do a terrible purchase on a used car?
Replies: 38
Views: 4380

Re: Did I do a terrible purchase on a used car?

I purchased a 2013 Toyota Prius for $15,770. With taxes and fees, it came to $17,049. It has 21,603 miles. I'm doubting my purchase since I purchased it at the sticker price and I've heard you should never buy the sticker price. Please let me know if I was an idiot :) I obviously see an option $24 ...
by johnny
Sun Jan 27, 2019 8:02 am
Forum: Investing - Theory, News & General
Topic: What was your first Vanguard fund or ETF?
Replies: 72
Views: 5336

Re: What was your first Vanguard fund or ETF?

Vanguard 500 Index Fund Admiral Shares (VFIAX)

Funded in 2012 with an IRA that had languished in high fee fund for years. Watched it grow, grow, grow (admittedly a great time for the S&P 500). Now finishing the process of moving to a low E/R 3-fund portfolio at Vanguard.
by johnny
Thu Dec 20, 2018 12:17 pm
Forum: Personal Investments
Topic: Time to move on?
Replies: 10
Views: 1550

Re: Time to move on?

Thanks for the replies, and thanks for focusing me on the future, instead of the past!
by johnny
Thu Dec 20, 2018 9:26 am
Forum: Personal Investments
Topic: Time to move on?
Replies: 10
Views: 1550

Time to move on?

My wife has a mutual fund traditional IRA that a investment professional sold us some time ago. Unfortunately it has had amazingly poor performance and currently holds an ER of 1.04%. PCGRX - Pioneer Mid Cap Value Fund Class A I've been concerned about it in the past, but we haven't done anything wi...
by johnny
Tue Dec 11, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 20
Views: 2753

Re: Layoff coming in 3-6 months, questions about preparing

Sorry to hear about your situation. Many people experience something like this over the course of a career, so don't lose heart. It could very well be the best thing for you to get into a better situation. I learned from my layoff that layoffs are better than quitting. I managed to retain a prorated...
by johnny
Sat Dec 08, 2018 11:42 am
Forum: Personal Investments
Topic: Pension vs Lump Sum payment
Replies: 8
Views: 1146

Re: Pension vs Lump Sum payment

Thanks for all the great feedback. I haven't thought about potential health concerns or the pre-Social Security years. Keeping the funds in IRA makes for more flexibility for those situations. Also, while everything is supposed to be insured, I really don't believe it is below my former employer to ...
by johnny
Fri Dec 07, 2018 11:48 am
Forum: Personal Investments
Topic: Pension vs Lump Sum payment
Replies: 8
Views: 1146

Pension vs Lump Sum payment

I've read through the board a bit on this topic, but I wanted to get the feedback from the crowd on my situation. Currently 50 years old and I'm considering my retirement plans. I had a long stint at a Fortune 500 company that gave me a modest pension. Based on current calculations, if I retire at 6...