Search found 147 matches

by Quirkz
Thu Jul 18, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rate Game: When To Lock In Your Rate?
Replies: 6
Views: 506

Re: Mortgage Rate Game: When To Lock In Your Rate?

2.8 is extremely low. If it goes back up into 3.1 territory, it would do you more damage than you might get benefit if it drops back into the 2.7 territory. I'd lock.
by Quirkz
Thu Jul 18, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: New Job or Negotiate Current Job?
Replies: 8
Views: 711

Re: New Job or Negotiate Current Job?

How does vacation/sick time compare? Or did you leave them out because they're a wash?
by Quirkz
Wed Jul 17, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Letter from Amex - scam?
Replies: 25
Views: 2282

Re: Letter from Amex - scam?

I'd run a quick Google search on the phone number that is on the letter. Normally this will tell you what organization and/or person the number is tied to, provided it's not a cell phone number. Yes. Also, Google search a relatively unique phrase from the letter and "put it in quotes" for an exact ...
by Quirkz
Tue Jul 16, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

A. With a million in cash I could buy a house outright. I live someplace med-high for housing, but a decent house still doesn't come anywhere near a million.
by Quirkz
Mon Jul 15, 2019 5:32 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3846

Re: Poor financial advisor performance

Can you keep your mitts off of your investments? Your initial statement says no. If that's still the case, you're still better off with an FA who's ripping you off then screwing up yourself. Chances are, he sets up investments, then does nothing. If you can't "do nothing", then you really do need t...
by Quirkz
Mon Jul 15, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for 20% down payment but how much more?
Replies: 8
Views: 1214

Re: Preparing for 20% down payment but how much more?

Don't forget:
- the cost of moving
- possibility of a month or more of overlapping rent/utilities
- deposits or set-up charges on utilities (plus assume delays on getting such deposits back from the old location)
by Quirkz
Thu Jul 11, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 69
Views: 7794

Re: Survived the First Week [of retirement, what's next?]

Please make your health your job. You can thank me later. There is nothing more important. Approach it as you would an IT problem. Engineer it so that you can rid yourself of all meds. Once you get some traction with that you will think more clearly about your newfound freedom. Enjoy it. This is my...
by Quirkz
Thu Jul 11, 2019 10:51 am
Forum: Personal Investments
Topic: 25 years to retirement; assume 0 future contributions
Replies: 21
Views: 2427

Re: 25 years to retirement; assume 0 future contributions

The same way as if I had a $0 net worth to start. A mix of stock index funds and an age appropriate amount of bonds. +1 Investment money is investment money. Lump sum or extended trickle doesn't change it much. Hand-waving this hypothetical, given 25 years, it'd be easy to double, and likely to tri...
by Quirkz
Thu Jul 11, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1700

Re: Home Refinance

I would, again, point you to the article I linked to. Don't get hung up on the lifetime interest: that's a straw man. It may be "$188,456" over 30 years, but the purchasing power of those future dollars is severely eroded. Do we all want to pay less interest? Sure we do. But not at the expense of a...
by Quirkz
Wed Jul 10, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Pay with Benefits to without
Replies: 8
Views: 724

Re: Comparing Pay with Benefits to without

As a ballpark, I tend to assume that a job with benefits is worth at least 25% more than the apparent hourly rate, compared to a job without. More if the job without benefits also has you paying the self-employment tax. Personally, the difference between 3 days PTO and 20 days PTO is worth about hal...
by Quirkz
Wed Jul 10, 2019 5:02 pm
Forum: Personal Investments
Topic: 24 Year Old With Options
Replies: 15
Views: 1694

Re: 24 Year Old With Options

Looks like you're starting off well. After making sure you've got some investments, prioritizing paying off the loans seems to be the next good choice. Normally I favor Traditional over Roth for investments, but you're in a position where the Roth (or a blend of the two) *might* make sense, if you'v...
by Quirkz
Wed Jul 10, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: When to refinance
Replies: 6
Views: 400

Re: When to refinance

Yep, shaving off 2% is usually a good deal.

There shouldn't be many "hidden" fees. They're obligated to give you a full run-down of costs before you sign. If you don't like the numbers, get a couple of quotes and pick the one that works best.
by Quirkz
Wed Jul 10, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Yellowstone guidance
Replies: 12
Views: 1249

Re: Yellowstone guidance

Yellowstone is massive. Old faithful is a quick pit stop. I thought that the first time. The second time I walked beyond Old Faithful to a relatively short local trail that had probably 25 different thermal features in maybe a mile of walking. Geysers, mudpots, pools, vents, a little bit of everyth...
by Quirkz
Wed Jul 10, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1700

Re: Home Refinance

Agree with the others. The rate difference is too small to be worth it. Most of the savings is just because you'd be resetting the mortgage with a significantly smaller amount. I'd just keep plugging away for now. If there's a reason you really need to lower the monthly payment for cashflow purposes...
by Quirkz
Mon Jul 08, 2019 4:51 pm
Forum: Personal Investments
Topic: Should we invest in an island home?
Replies: 25
Views: 4125

Re: Should we invest in an island home?

Additionally, I can't bring myself to pay ~$10k in property taxes every year, especially with the new tax changes on SALT. Just want to point out that if you're renting, you're paying property tax. You just don't see it. All the rest of your rationale for not buying (too expensive, attached to your...
by Quirkz
Mon Jul 08, 2019 1:37 pm
Forum: Personal Investments
Topic: My asset allocation for an agressive 29 yo - any thoughts?
Replies: 19
Views: 1794

Re: My asset allocation for an agressive 29 yo - any thoughts?

Holding any bonds makes zero sense to me personally...I know that goes against the grain here. I'm ten years older than you and have been 100% equities for my 19 years of investing and have no intention of adding bonds until I get to age 50. You're not the only one. I finally shifted into some bond...
by Quirkz
Tue Jul 02, 2019 4:17 pm
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3209

Re: Do Target Date Retirement Funds Have a Down Side?

One-size-fits-all allocation between bonds and equity. Your tolerance for equity market risk may be greater or smaller than the target date glide path. You may be able to partially address this by picking a target date earlier or later to be either more aggressive or conservative, even splitting th...
by Quirkz
Tue Jul 02, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17556

Re: How much should I have saved for retirement by age 40?

This thread got me thinking. Every time I log in to my Fidelity account it puts up a little roadmap with the upcoming goal, which they call their "10x philosophy" or something like that. It hadn't quite clicked until today that there's a discrepancy between their numbers and the ones tossed around h...
by Quirkz
Tue Jul 02, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement brokerage account taxes.
Replies: 12
Views: 1044

Re: Retirement brokerage account taxes.

Easy answer: send 'em to the Wiki here and get them to do enough independent research they can figure out based on their own situation. Hard answer: yeah, it's going to depend on each individual situation. You've more or less laid out the main options. There is no guaranteed best (though Roth or Tra...
by Quirkz
Tue Jul 02, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: ShouldI/When to refinance mortgage
Replies: 4
Views: 337

Re: ShouldI/When to refinance mortgage

Some broad rules of thumb include: * if you can reduce by half a point or more * if the refi savings pay for the costs within x (6-12? 18? sorry, I forget) months Looking at numbers, it seems like you'd save close to half a point on the main loan and more than that on the HELOC. I'd bet it would be ...
by Quirkz
Tue Jul 02, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Buy new home before putting current home on the market?
Replies: 25
Views: 1521

Re: Buy new home before putting current home on the market?

Based on the subject I was going to come in urging caution, but your financial picture makes it sound totally safe in terms of transaction. As to whether it'll help your wife actually want to downsize, I can't guess. Cautionary tale for those who don't have enough financial padding: I did this once ...
by Quirkz
Mon Jul 01, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Are you a serious DIYer?
Replies: 84
Views: 5699

Re: Are you a serious DIYer?

I'm moderately handy with wood and drywall, and tentative but willing with electric. I don't touch anything that can leak - I could probably learn but a mistake is almost guaranteed to cost more than paying someone to do it right in the first place. Mostly I'll do work around the house because for m...
by Quirkz
Wed Jun 26, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Buying a car out of state
Replies: 33
Views: 1806

Re: Buying a car out of state

Thanks all. My question about if this makes sense isn't really that there's a state line involved, it's that is 400 some miles away (9 hour drive). If you don't mind the hassle, there's nothing wrong with it. I live in a remote area and have to drive 2:30 round trip if I want to go to a Target. I'v...
by Quirkz
Wed Jun 26, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating essential vs discretionary expenses
Replies: 17
Views: 934

Re: Calculating essential vs discretionary expenses

You may be overthinking this a bit. Usually the question comes up for budgeting, or figuring out emergency fund needs, or coming up with an emergency job-loss plan. What's important for day-to-day life, versus what can float for a while? If you were laid off tomorrow and needed to go into scrimp-and...
by Quirkz
Wed Jun 26, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7177

Re: Anybody else unable to afford a home/have six figure income?

I live in California, so home ownership is out of reach. I will most likely leave in a couple years (for many reasons). In a situation like that, I think the answer is to sit tight, take care of other financial aspects as well as possible, and revisit the idea when you move. It's totally fine to re...
by Quirkz
Wed Jun 26, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 8147

Re: Dave Ramsey now says to give up employer 401K match to pay down debt

I am saddened to hear this, but not that surprised, since a recent survey of *working* Americans show that 21% are saving nothing for retirement, and only 26% are saving what experts recommend is needed. I'm not surprised. But those statistics may hide some transitory situations - from year to year...
by Quirkz
Tue Jun 18, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for business bank account for LLC?
Replies: 18
Views: 1275

Re: Recommendations for business bank account for LLC?

I looked at Fidelity, but it looked like all of the business accounts I saw were investment accounts. I don't think I need that. It is a brokerage account but you are not required to invest. Just leaving the money in the default money market fund is fine. You won't be able to deposit or withdraw ph...
by Quirkz
Tue Jun 18, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3209

Re: Maternity and Paternity leave policies

I'm not opposed to taking off work for a new baby. I'm not opposed to having the job protected for a period of time to be able to return to work. But getting paid to not work is what makes no sense to me. Vacation and sick days are getting paid not to work. This is just another class of benefit, in...
by Quirkz
Tue Jun 18, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 13
Views: 1355

Re: Becoming a CFP

If you like it, go for it. The world can always use more good financial advice from people who want the best for those they're advising. I don't have personal experience, but I know a former co-worker who's slowly going through the same thing. Geologist turned IT guy, with an eventual MBA. I know #1...
by Quirkz
Tue Jun 18, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 67
Views: 4548

Re: IPhone 6 - showing some age

Thanks for the Q-tip tip; I've read lots of cleaning tips and seen youtube videos, including one about replacing with a new charging port. I'm reluctant to use any solvents. A regular Q-tip is way too large to fit. I have seen, but have not tried, a thin toothpick with a wisp of cotton wrapped arou...
by Quirkz
Tue Jun 18, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for business bank account for LLC?
Replies: 18
Views: 1275

Re: Recommendations for business bank account for LLC?

Quirkz, I'm curious which bank you went with, and what your experience has been. Thanks in advance, fowm Thanks for asking, but I haven't managed to get to that stage yet. The business plans are developing slower than I'd hoped, and it looks like we're still a few months out from incorporating and ...
by Quirkz
Mon Jun 17, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Recommendation for light beer.
Replies: 41
Views: 2676

Re: Recommendation for light beer.

I'd second Dogfish Head Slightly Mighty IPA. I generally like sweeter beers and am not into IPAs in general, but it was moderately balanced, and definitely tasted like beer. I'm not sure if New Belgium's Dayblazer is actually low carb or just lower alcohol, but I liked it, too. I'm with the OP that ...
by Quirkz
Thu Jun 13, 2019 4:39 pm
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3472

Re: Fixing financial "leakage" - what do you do?

* Put bill payments on auto-pay to avoid missing payments and being hit with late fees I would guess most popular people do most of those things except maybe auto pay because some fear party will make a mistake and withdraw a massive amount (I do autopay extensively and have never had a problem) Ye...
by Quirkz
Thu Jun 13, 2019 10:57 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3467

Re: Purchasing home with less than 20% downpayment experiences?

If you get a loan with PMI, read the section very carefully that describes how you get rid of it later. I've been burned by a casual reading that made it look like once you're at 80% value it just disappears, when it was actually a time-based countdown and paying off early didn't help. I had to refi...
by Quirkz
Thu Jun 13, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5202

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

Mine is $1.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive $1.50 is cheap for a cup of coffee. :P You can't buy hardly anything for that price, so I think that makes it cheap by definition. I don't know what I pay. It's a small amount, that I've...
by Quirkz
Wed Jun 12, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Toyota Sienna tire replacement at 12k miles
Replies: 72
Views: 4124

Re: Toyota Sienna tire replacement at 12k miles

You don't need run flats. And don't use fix a flat unless you want a mess inside your tire and on your rims. I would get a AAA membership and/or use Uber. Cars stop running for all sorts of reasons that run flats won't help with. Yeah, any sort of Roadside Assistance (AAA, insurance, etc.) is more ...
by Quirkz
Wed Jun 12, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19323

Re: Paying for rent is throwing away money...myth?

Yeah, but it looks like this guy was looking at both sides.... Young/mobile/career focused/single: Renting is likely a clear winner Stable career/family/school aged kids: Owning likely a clear winner in many situations Kids gone/FIREd/getting older: Renting can be a clear winner in many situations ...
by Quirkz
Wed Jun 12, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: What financial information do you wish was more commonly known?
Replies: 50
Views: 8637

Re: What financial information do you wish was more commonly known?

Tax brackets, tax credits versus deductions, how itemization works and when it doesn't work, and the ability to weigh tax benefits against the tradeoffs for getting that benefit.
by Quirkz
Wed Jun 12, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: 2015 subaru forester 96k, replace or run into the ground?
Replies: 24
Views: 2042

Re: 2015 subaru forester 96k, replace or run into the ground?

I tend to think of 100k miles as just getting out of the teenage years an into adulthood for a car. I buy with the expectation I'll go over 200k. I have heard a number of people, including mechanics, say that Subarus are notorious for having their transmission fall apart early, but after that's repa...
by Quirkz
Wed Jun 12, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19323

Re: Paying for rent is throwing away money...myth?

Rent is a floor on expenses, a mortgage may be a ceiling Isn't it the other way around? :confused Month-to-month, no. Rent is a fixed cost, while the homeowner pays mortgage + anything else that might go wrong, which could be nothing, and could be everything. Year-over-year, it's a somewhat differe...
by Quirkz
Tue Jun 11, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 59
Views: 10661

Re: Cleaning up new house before move in—getting rid of “cat smell”

(We had visited another home earlier which looked fine on all counts until i opened the garage and decided to take a close look at everything there - i was surprised/shocked to see 2 rats inside a cage with a proper system to feed them. That family also apparently had a baby from the pictures/toys ...
by Quirkz
Thu Jun 06, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical dilemma involving birthdays and wine..
Replies: 39
Views: 6517

Re: Ethical dilemma involving birthdays and wine..

Really, no thank you note for eight years? I thought it was just the younger generation that skipped Emily Post. When a vendor sends a gift, it's the vendor thanking them for the business. A "thank you for thanking me" card in return would just kick off an infinite loop of infinitesimally shrinking...
by Quirkz
Wed Jun 05, 2019 10:57 am
Forum: Personal Consumer Issues
Topic: Reliable Wireless Mouse?
Replies: 31
Views: 1474

Re: Reliable Wireless Mouse?

Logitech M510. I can't remember the date but it is close to 10 years. Looks like the same one is still being sold. Amazon reviews look good. I've got two of these: one at work and one at home. Going on 8 and 11 years, respectively, I think. Always happy, always reliable, wouldn't ever get anything ...
by Quirkz
Wed Jun 05, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6049

Re: Would you buy a house without a garage?

I made it through 10 years without a garage, 5 in Chicago and 5 in Colorado. The Chicago setup, I didn't even have dedicated parking and had to fight all winter long for spots in the ice. It was a pain, but people live that way and get by fine. I've since gotten places with garages, and don't think ...
by Quirkz
Tue Jun 04, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5730

Re: Is it Wise to Remove Escrow if Bank Allows it?

Yeah, control is most of it, but that can count for a lot. I've had a lender sell my loan just before insurance was due, so they didn't pay it, but the recipient also didn't think they needed to pay it for a while, and then demanded more be put into escrow to compensate for their mistake, and it was...
by Quirkz
Tue Jun 04, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 56?
Replies: 34
Views: 6047

Re: Can I retire at 56?

Advice given seems good. You're either there, or you're close. I like Watty's approach, starting with what you've got and what that'll get you, and then seeing if you can get your life to fit acceptably within it. As long as you devote a little attention to it, it should come clear fairly quickly wh...
by Quirkz
Tue Jun 04, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8156

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

Leesbro63 wrote:
Tue Jun 04, 2019 11:58 am

What’s her number 😉?
Sorry, bud, but you don't stand a chance. :D
by Quirkz
Tue Jun 04, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8156

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

This sounds very odd, but I guess it worked for them. What if grandpa went first, which is what usually, but not always, happens? Was it inconceivable that Grandma would remarry? I think the idea was even if she did remarry, she would a) still be the hawk-eyed money manager, and b) still look after...
by Quirkz
Tue Jun 04, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 7001

Re: Tell us your side hustle success stories.

I have been interested in starting this. Did you go through a freelancing website? Most of it was luck. My brother went to college with someone who ended up being an editor at a publishing house. They regularly used freelance proofers, and my brother's recommendation got me into the pool. Since the...