Search found 26 matches

by Thorsbane
Wed Jun 10, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: how much to tip painters
Replies: 66
Views: 4505

Re: how much to tip painters

Fresh water and popsicles were offered to my painters. They seemed more than appreciative of the offer.
by Thorsbane
Wed Mar 11, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home 3x income ?
Replies: 28
Views: 3276

Re: Buying a home 3x income ?

Keep in mind that rule of thumb is just that. It is not a practical principle for every individual. For example, if you have 3 kids in daycare eating up your monthly budget, you should factor that into any decision. Best approach is what are you able to afford given your budget and back up into how ...
by Thorsbane
Fri Mar 06, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7509
Views: 514214

Re: Refinance Mega Thread

I don't seem to have any good options for refinance. Remaining Mortgage: ~$120,000 Current Rate: 3.75% Current Term: 30 year fixed I am aggressive toward my mortgage and focus on paying about $1,000 of principal per month (so effectively 10 years left). When I search, I look into 15 year fixed and s...
by Thorsbane
Thu Jan 23, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pay Off Question
Replies: 44
Views: 3401

Re: Mortgage Pay Off Question

A 30 year old who is investing a chunk of their income into stocks each year can reasonably keep a mortgage in hopes of earning higher market returns than the cost of the loan. If stocks tank, they may lose the bet in certain periods, but life goes on and they can just keep plowing more and more in...
by Thorsbane
Wed Dec 18, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Hyundai Palisade - A good option?
Replies: 35
Views: 4233

Re: Hyundai Palisade - A good option?

Subscribed. I wanted to like the Ascent, but just don't and after seeing a couple of Tellurides that is now at the top of my list to replace my 2006 Pilot. I figured I'd let them shake out the first year model issues and then maybe jump on one next year unless something else catches my eye. The fir...
by Thorsbane
Fri Dec 13, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Hyundai Palisade - A good option?
Replies: 35
Views: 4233

Re: Hyundai Palisade - A good option?

We are looking at the Santa Fe as a replacement for my wife's Forester next year. I like everything I read about Hyundai products. My wife currently has a 2016 or 2017 sante fe sport. It's a good car but the seats don't fold down flat in the back. They stay slightly elevated. We currently have two ...
by Thorsbane
Thu Dec 12, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Hyundai Palisade - A good option?
Replies: 35
Views: 4233

Re: Hyundai Palisade - A good option?

Thanks for the input everyone. I think the decision is deferred for now but I'm pushing to consider the Kia Telluride as well. I can't say decibel level is something I'd be interested in when comparing the two unless one sounds like a plane taking off. I was more considered about features, safety, p...
by Thorsbane
Tue Dec 03, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: Hyundai Palisade - A good option?
Replies: 35
Views: 4233

Hyundai Palisade - A good option?

Curious if anyone has any impressions of the Hyundai Palisade. My family is looking at purchasing and I've read reviews but I have a hard time sifting through what sites are actually 'paid reviews'. What are your thoughts?
by Thorsbane
Thu Nov 21, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: What are you paying for car, home and umbrella insurance?
Replies: 35
Views: 2832

Re: What are you paying for car, home and umbrella insurance?

I am paying $187/month. Am I paying too much? If you're paying your premiums monthly you're paying too much. Gill This is a presumption on the fees charged for installments. Some insurance companies charge fees per invoice; some only charge based on particular payment methods; and still others don'...
by Thorsbane
Thu Nov 21, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: What are you paying for car, home and umbrella insurance?
Replies: 35
Views: 2832

Re: What are you paying for car, home and umbrella insurance?

I have a question about umbrella policies - is there any reason why I should not decrease the liability coverage on my home and auto so that it meets (but does not exceed) the required minimum liability limits required by my umbrella? Your umbrella policy is priced based on what your underlying cov...
by Thorsbane
Tue Oct 08, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 6628

Re: Finance or Accounting Degree?

... Keep in mind that in order to take the CPA exam, significantly more credit hours are typically needed than what is involved to get a bachelor's in accounting (150 vs. 120), so many students immediately get their master of public accountancy degree in order to get the additional hours needed. I ...
by Thorsbane
Tue Oct 01, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k or 401k: diversify tax risk or hit SS limits
Replies: 14
Views: 1121

Re: Roth 401k or 401k: diversify tax risk or hit SS limits

I don't know why people are continuing to ignore @terran's and my post. 401k contributions no matter what the type, have no effect on SS wages and thus the SS component of FICA taxes. Thank you @Spirit Rider and @Terran for the insight. I didn't realize that this is the case and makes my concerns v...
by Thorsbane
Mon Sep 30, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401k or 401k: diversify tax risk or hit SS limits
Replies: 14
Views: 1121

Roth 401k or 401k: diversify tax risk or hit SS limits

Mid-30's, MFJ, 2 kids... For my career, I've essentially split my retirement savings between Roth 401k and traditional 401k. I don't tend to believe folks who predict what the future effective tax rates will be so I decided that I could just hedge and jump on both sides. Now, I'm in a rather interes...
by Thorsbane
Thu Aug 01, 2019 7:27 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 4116

Re: Day care vs nanny for childcare

A child is better off in a good day care where he/she can develop social skills while interacting with other babies. Babies don’t socialize. At all. Children start socializing closer to age 3. Around age 2 they independently play. This is not true... Personal experience has shown that the kids at m...
by Thorsbane
Fri Jul 26, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Why save HSA receipts?
Replies: 34
Views: 3310

Why save HSA receipts?

I'm confused by some common advice regarding HSAs. Currently max out, recently started paying medical activity out of pocket rather than through HSA. Plan to continue to max out and only use in retirement. I often see people save receipts, but I'm not clear on why... When I'm in my senior years, can...
by Thorsbane
Tue Jul 02, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: Keep garage 'cooler' during summer
Replies: 31
Views: 4167

Keep garage 'cooler' during summer

Does anyone have personal recommendations on how to release all this summer heat from our garage during the summer? It faces west and surely transfers substantial heat to our interior since there is little to no ventilation. Do people install fans in their garage to mitigate?
by Thorsbane
Mon Jul 01, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in 30y Mortgage Rate at 3.875%?
Replies: 56
Views: 5874

Re: Lock in 30y Mortgage Rate at 3.875%?

I'm not a fan of 30 year mortgages after I started with one in 2009 at 4.875%. I refinance 3 years ago to a 15 at 3.7%. I gently warm my friends against them b/c of the low ratio of principle to interest you pay during the first 10 years. That principle barely budges. Just about rate - 3.875% is a ...
by Thorsbane
Mon Jun 24, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 1990

Re: Used Minivan - Recommendations?

Frankly, something within the past 3 to 4 years with under 40k miles. Need something reliable since it will be carrying a baby and a toddler. I question the "need" for a minivan just because of two kids. A mid-sized SUV should be just as good. Do you need the cargo space? There's a couple reasons: ...
by Thorsbane
Mon Jun 24, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 1990

Re: Used Minivan - Recommendations?

Frankly, something within the past 3 to 4 years with under 40k miles. Need something reliable since it will be carrying a baby and a toddler.
by Thorsbane
Mon Jun 24, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 1990

Used Minivan - Recommendations?

Second kid on the way, looking to replace an SUV to easily get kids in and out. I'd like to get one with three rows and used (new is a bit too expensive) though I'm hoping to get one of the higher versions. Any personal recommendations?
by Thorsbane
Fri Jun 21, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: IRA w/o deduction - Why?
Replies: 7
Views: 608

IRA w/o deduction - Why?

I'm having a hard time rationalizing one of the steps in the recommended approach to investing. If my household income exceeds the threshold to deduct IRA contributions, why would I even bother? What financial incentive is there to be taxed on the money I contribute and get taxed on the earnings in ...
by Thorsbane
Fri Jun 21, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA Question
Replies: 8
Views: 892

Re: Dependent Care FSA Question

So with two children and a maxed out dependent care of $5,000, you can still receive a $1,000 Child and Dependent Care Credit?
by Thorsbane
Thu Mar 07, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Death of Father and Looking At Life Insurance Payout Options
Replies: 25
Views: 2121

Re: Recent Death of Father and Looking At Life Insurance Payout Options

sergeant wrote: Thu Mar 07, 2019 12:07 pm There is no tax on life insurance proceeds.
Assuming his father paid for the life insurance policy premiums rather than an employer paying for them.
by Thorsbane
Thu Feb 14, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 37207

Re: [2018 tax return - How does it compare to previous years?]

MFJ, medium COL state/suburb, 1 child 2018 Effective Rate: 18.5% 2017 Effective Rate: 17.8% I see people commenting on SALT deductions impacting CA & NY. We live in a medium COL state in a suburban area. I didn't realize real estate taxes are included in the SALT deduction and thought they were sepa...
by Thorsbane
Fri Dec 21, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Stop extra mortgage payment and put into taxable account?
Replies: 29
Views: 2708

Re: Stop extra mortgage payment and put into taxable account?

I have been paying an extra $500 month towards my principal on my mortgage for the past few years. If I continue so I'd have my mortgage paid off in appr 10 years which is close to retirement age. Mortgage interest is 3.5%. See Paying down loans versus investing on the wiki. If you are deducting th...
by Thorsbane
Tue Dec 18, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1745

Re: Military-Advice Needed

I'd say the one big difference between today and 2007/2008 is that you've got a kid to look out for; dialing back your equity exposure might add to your peace of mind a bit, especially since you've pretty much already 'won' the game. I wouldn't be in a hurry to pay off the mortgage, though I fully ...