Search found 36 matches

by Aku09
Thu Oct 24, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Variable interest rate for student loans
Replies: 3
Views: 328

Re: Variable interest rate for student loans

Thank you. It is based on the LIBOR 1 month and I was told it can change monthly. On the lender website it says the cap is 8.95%. When I called asking about how often it changed and such the lady told me the cap was actually 4.8% because of my starting loan rate of 2.05%. Nowhere have I seen that on...
by Aku09
Wed Oct 23, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Variable interest rate for student loans
Replies: 3
Views: 328

Variable interest rate for student loans

Currently have a 3.39% fixed 5 year student loan with a balance of 87k. I have been offered to refinance to a variable at 2.05% for a 5 year with another company. Regardless of the loan I will pay 3k a month towards balance. Shouldn’t take more than 2.5 years to pay off in full and I hope to have it...
by Aku09
Tue Sep 17, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11729

Re: How do you spend money to gain time? (young family)

We pay someone to mow our yard ($70 week) and about 6 months ago hired someone to clean our house once a week ($75 each time). It’s a decent chunk of money each month, but my schedule is unpredictable (I work in healthcare and have several late nights and weekends). It’s nice coming home to a clean ...
by Aku09
Thu Sep 05, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 3862

Re: Career change at 36- Finance to Nursing/PA?

Something else to keep in mind is the schedule. There are no “holidays” in healthcare. You will be expected to work weekends, holidays, etc. having little kids that can be tough as you may be stuck at work all day.
by Aku09
Thu Sep 05, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 36- Finance to Nursing/PA?
Replies: 40
Views: 3862

Re: Career change at 36- Finance to Nursing/PA?

I am a nurse anesthesiologist and can answer any questions you have about that route. I will say as a new grad RN in my somewhat rural area pays a little over $20 an hour for work. I worked nights and made an extra $3.50 an hour for my gross salary to be around $45-50k a year. If you live in Califor...
by Aku09
Wed Sep 04, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3390

Re: How often do you receive out-of-sequence pay bumps?

Been in my first “real job” since grad school a little over 3 years. Actually took a pay cut about 1.5 years ago as they restructured our package (increased our salary and decreased benefits) with a net loss of several thousand dollars. Have lost several employees this year with not a lot of interes...
by Aku09
Sat Aug 31, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5378

Re: Any Happy DVC owners here?

I am not a DVC owner, but have had the same questions as you so I’m curious if there is anyone who is happy with their long term decision. I have gone to Disney as a kid, with just my wife and I, and with my family of 3 children. I enjoy it every way. I’m not in a position financially to purchase it...
by Aku09
Wed Aug 21, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7444

Re: Are there advantages to being married to a teacher?

My wife is an elementary teacher in a very rural school district. Salary (35k) and benefits are terrible, but she wanted to go back to teacher after being a SAHM for years and that was the only opening she could find. She commutes about 45 minutes each way to work out of state which is a toll on her...
by Aku09
Tue Aug 13, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford (Another One...) and Rent vs Buy decision
Replies: 12
Views: 1432

Re: How much house can we afford (Another One...) and Rent vs Buy decision

With the huge variation in income due to bonuses I would be a bit more leery of jumping into a large mortgage as other posters have said. I would try to afford a home based on your salaries only (even though I know its hard). You have a pretty large amount of liquid assets. Are you looking to spend ...
by Aku09
Fri Aug 09, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5686

Re: NP degree worth the investment?

70k isn’t that bad for tuition. A little high yes, but not unreasonable. It’s 3 years of tuition at the doctorate level. I went to the cheapest state school there was and my tuition was around 50k for 3 years. Every other school was considerably more. Plus they may have to take out loans to help pay...
by Aku09
Fri Aug 09, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5686

Re: NP degree worth the investment?

I’d say go for it. She is young enough now that she would certainly see return in her investment. Generally hours for NPs are better than those of an RN. Instead of working 12s and nights and holidays I would say there are many more opportunities for working a somewhat normal M-F 8-5 job. That would...
by Aku09
Fri Aug 09, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2378

Re: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?

I agree that unlimited PTO sounds great, but for me personally I would always feel judged on the amount of time I take off and would then take less than I otherwise would have. I’m guessing that is what these corporations are banking on. I work in healthcare and unlimited PTO would not be practical ...
by Aku09
Tue Jul 23, 2019 5:15 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 7197

Re: Can we afford $600k home?

Income: Husband‘s 130k-140k, not considering wife’s as wife is working part time and probably will raise kids full time for few years. I assume we can get mortgage with no PMI with 10% downpayment. Can we afford $600k home? Those aren't numbers I'd be comfortable with. Even more so on just one inco...
by Aku09
Tue Jul 23, 2019 3:42 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 7197

Re: Can we afford $600k home?

I don’t believe you can do a traditional mortgage with less than 20% down and no PMI. I did 0% down and no PMI using a VA loan about 3 years ago. I’d say 600k is too much of a stretch. You will be house poor. What is your rent now? My mortgage is 300k and with escrow for taxes and insurance my payme...
by Aku09
Mon Jul 22, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: HSAs savings vs investment accounts and best HSA administrators
Replies: 15
Views: 1232

Re: HSAs savings vs investment accounts and best HSA administrators

I have BenefitWallet through my employer. No issues really. They sent me a debit card and I’ve never had a problem using it. Fees for us are $2.90 a month for the hsa and an extra $2.90 a month for the investment portion if you want to use it. Honestly it has lower fees than my 401k and has vitsx so...
by Aku09
Sun Jul 21, 2019 8:38 pm
Forum: Personal Consumer Issues
Topic: Car Leasing Question
Replies: 22
Views: 1702

Re: Car Leasing Question

I just leased my first vehicle in December so I struggled with this same question. I didn’t need a brand new vehicle, but I did need a newer one (had an 15 year old one that was starting to have lots of problems). Do a lot of research as there are some brands that lease much better than others. I wa...
by Aku09
Mon Jul 15, 2019 10:52 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2631

Re: Teacher 403B Plans

I believe the 403b is the only option she has to her. At least that’s the only option she has been presented with. It’s a very small and rural district.
by Aku09
Mon Jul 15, 2019 10:38 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2631

Re: Teacher 403B Plans

So are you able to choose any vendor and set up your own 403b plan if you don’t like what your school district offers? My wife just went back to teaching last year for a very small school district. At the end of the year the only option they gave her was a 403b with American fidelity utilizing varia...
by Aku09
Wed Jun 12, 2019 8:57 pm
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 74
Views: 5267

Re: 40+% increase in auto policy (GEICO) - normal?

I switched to Geico from USAA about 2 years ago almost cutting my rate in half. Every 6 months since then my policy has increased in average 10%. No accidents or tickets. I have shopped it around, but it is still the lowest. On a side note my wife was rear ended a couple months ago and we got our re...
by Aku09
Wed Jun 12, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5964

Re: How much is your guys’ fees for your 401k?

I pay 0.6% (outrageous I know). Small independent healthcare group of less than 20 employees although we all are high earners (>100k). Divided quarterly as 0.15% balance. We use Empower Retirement.
by Aku09
Mon May 27, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5095

Re: Teaching jobs

Teaching is a tough field to get a job in. My wife is a teacher and just went back into the field after being a stay at home mom for several years. First year she applied for several spots and didn’t even get an interview. Took a couple of online masters courses (still has her bachelors) and applied...
by Aku09
Sat Mar 23, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 3744

Re: Lease a car or buy a car

As a general rule of thumb a good lease is the monthly payment equivalent to 1% msrp of the car (ie 50k car monthly payment $500 or less). There are several lease forums (I use leasehackr) that can give you advice on specific deals as some cars lease better than others. Rebates/incentives constantly...
by Aku09
Mon Feb 25, 2019 3:35 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

Re: How to max employer portion of 401k

With their 19k contribution their salary would be enough to max the 56k total contribution to a 401k. I’m far away from that.
by Aku09
Mon Feb 25, 2019 3:08 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

Re: How to max employer portion of 401k

Yes that is correct
by Aku09
Mon Feb 25, 2019 12:56 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

Re: How to max employer portion of 401k

I receive 8% from my employer that does not require matching to get it. When I log in to my account there is also a safe harbor portion and then the rest is on my vesting schedule (20% a year). The total amount from both of those is 8%.
by Aku09
Mon Feb 25, 2019 1:02 am
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

Re: How to max employer portion of 401k

I contacted the company that runs my 401k (Empower retirement) and that is the answer I got. I even asked my boss who looked into it by calling a few other people and said that he was told the same thing. Maybe we can look into changing it in the future though.
by Aku09
Sun Feb 24, 2019 8:25 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

Re: How to max employer portion of 401k

Thanks for the advice. We are a safe harbor plan. We get monthly contributions and are vested 20% a year.

I will look into the cross testing formula. I’m naive as to the different rules and need to look them up. Is there a concise place for information?
by Aku09
Sun Feb 24, 2019 1:59 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2562

How to max employer portion of 401k

Looking for advice on how to get the employer portion of my 401k maxed out. Currently work in a small group of roughly 20 employees in the healthcare field that are all high earners (>100k salary). We currently get 8% of our salary place into a 401k as part of our benefit package. Due to the small g...
by Aku09
Sun Feb 10, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6404

Re: Newlyweds and joint accounts for household expenses

My wife and I opted for separate accounts when we were first married. We looked at what each other was making (college kids) and divided the bills that way. I think she paid the mortgage and I paid for the rest. Worked well and we each had our own money. There was no fighting over finances. Over the...
by Aku09
Wed Feb 06, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 30746

Re: Teachers Who Have Net Worth of $1 million +

Just wanted to chime in as my wife is a teacher. She just went back to teaching after being a stay at home mom for several years. Starting salary is 35k plus they put in 9.5% of her income into a pension plan. Not eligible for SS (this is Illinois). If she works 20 years she would get slightly over ...
by Aku09
Tue Jan 22, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 43
Views: 4954

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

Had USAA for years and never had a claim. About 4 years ago they started going up significantly with each renewal (10%) roughly every 6 months. Finally price shopped about 2 years ago and switched to Geico for almost half the cost that I was paying USAA. Now Geico has been doing the same with roughl...
by Aku09
Mon Jan 14, 2019 11:47 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 10
Views: 956

Re: 401k Investment options

Just an update. I looked at all the different options everyone posted and ended up going with ruralavalons suggestion. Personally I’m not 100% sold on international stocks although several readings give them merit. I figure 20% gives me sufficient exposure to them. I changed my 401k contribution onl...
by Aku09
Sun Jan 13, 2019 3:45 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 10
Views: 956

Re: 401k Investment options

Thank you very much everyone. I appreciate all of the input. Ive been researching the recommendations given so far and will be putting serious thought into my portfolio over the next week or two before switching into vanguard funds. I think an 80/20 allocation is good for me at this point in my life...
by Aku09
Sun Jan 13, 2019 12:34 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 10
Views: 956

Re: 401k Investment options

Thanks everyone for the replies. My wife doesn’t have any retirement options available to her as far as she knows (started about 4 months ago). There has been contract disputes with the union and the school district about pay (not enough) so she doesn’t even have a contract with work. I will look in...
by Aku09
Sun Jan 13, 2019 1:04 am
Forum: Personal Investments
Topic: 401k Investment options
Replies: 10
Views: 956

401k Investment options

Emergency funds: Yes Debt: Mortgage 300k @ 3.25%; Student loans 108k @ 4.125%; Vehicles (1. I owe 12k @ 3.5%, 2. a lease @ $505 a month) Tax Filing Status: Married Filing Jointly Tax Rate: 24% Federal, 5% State, 2% City State of Residence: KY Age: 33 (34 in a couple weeks) Desired Asset allocation: ...
by Aku09
Wed Jan 09, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance informs me after procedure that they won't cover all of it
Replies: 20
Views: 1648

Re: Health insurance informs me after procedure that they won't cover all of it

I’m a CRNA (Anesthesia) and the problem is probably more with how it was billed. Many insurers in the past couple of years have stopped paying for monitored anesthesia care (MAC) for endoscopic procedures. Usually insurance will only cover it if there are prexisting conditions which warrant anesthes...