Search found 75 matches

by fishnhunt
Sun Oct 18, 2020 7:03 pm
Forum: Personal Consumer Issues
Topic: Should I get a ping pong table?
Replies: 67
Views: 3136

Re: Should I get a ping pong table?

Why not look for a used one for sale? That way if you decide to sell it in the future you will break even, or at least minimize your loss.
by fishnhunt
Fri Oct 16, 2020 8:20 am
Forum: Personal Investments
Topic: S&P Index vs Total Market
Replies: 20
Views: 2272

Re: S&P Index vs Total Market

Pick whatever one has the smaller expense ratio. The total market is much more diversified. Personally, I like the S&P 500 because it is "self cleansing", meaning only the winners stay in and poor performers get booted eventually. Long term performance wise there has not been much difference.
by fishnhunt
Fri Oct 16, 2020 8:16 am
Forum: Personal Investments
Topic: Lump sum on pension or wait
Replies: 14
Views: 1186

Re: Lump sum on pension or wait

It's hard to say without knowing your other retirement accounts, plans for SS, expenses and if you plan to leave money to your heirs. They are offering a fair payout for the pension, but one advantage of taking the lump sum is there may be leftover money someday to pass on but this carries more risk.
by fishnhunt
Thu Oct 15, 2020 2:20 pm
Forum: Personal Consumer Issues
Topic: Building a new house - Successes and regrets?
Replies: 53
Views: 4782

Re: Building a new house - Successes and regrets?

3 bed 2 bath as absolute minimum for resale purposes. Get a big garage and have deep stalls. I have never met one person who complained their garage was too big. We have a 3.5 car garage now and I wish it was double the size.
by fishnhunt
Thu Oct 15, 2020 11:29 am
Forum: Personal Investments
Topic: Help planning for young couple, 40+ years to retirement
Replies: 6
Views: 501

Re: Help planning for young couple, 40+ years to retirement

If you can start out saving $100k+ per year, I doubt you are 40+ years until retirement. You could easily be financially independent in half that time. I know you mentioned you love what you do for a job, but you just started out and that same feeling will likely not last forever. I would use the $5...
by fishnhunt
Thu Oct 15, 2020 6:22 am
Forum: Personal Consumer Issues
Topic: Anyone else have problems with appliances from Home Depot?
Replies: 43
Views: 14758

Re: Anyone else have problems with appliances from Home Depot?

One of my friends runs a machine shop that make parts for lots of different companies. He told me to never buy an appliance or lawn mower from a big box store. He said the big box stores have price points to hit and they use cheaper quality parts than the same appliances that go smaller local stores...
by fishnhunt
Wed Oct 07, 2020 2:39 pm
Forum: Personal Consumer Issues
Topic: Florida snowbirds and covid-19
Replies: 38
Views: 3834

Re: Florida snowbirds and covid-19

My uncle will be going down next month and is planning to stay until early April. He was debating all summer on whether to go or not, but as the days got shorter and colder he made up his mind. They won't be doing their usual hobbies/ activities, but at least he can sit outside and enjoy the sun the...
by fishnhunt
Wed Oct 07, 2020 9:30 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

When the children ask about college, which answer has more credence? - Don't worry at all, we are going to pay for it as you go! - Don't worry at all, take a look at what we have already put aside for you! Option 3: Let's look at reasonably priced in state or reciprocity state schools that offer th...
by fishnhunt
Tue Oct 06, 2020 10:29 am
Forum: Personal Investments
Topic: Pension to 401k
Replies: 6
Views: 817

Re: Pension to 401k

What are the investment options and fees in the 401k? If there are good index funds and low fees this would be a good option. If the fees are high, look at rolling it over into a rollover IRA at Fidelity or Vanguard. Make sure you do this correctly, if you hold the money too long it can be counted a...
by fishnhunt
Tue Oct 06, 2020 10:03 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

Please list all places where the kids can borrow without a co-signer besides the $5500, $5500, $6500, $7500 Stafford loans. With $160k a year income, you can afford to use that 529, some savings and cash flow to full boat pay for Harvard. I did it on just about that salary and DS#1 was at a college...
by fishnhunt
Tue Oct 06, 2020 9:49 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

Please list all places where the kids can borrow without a co-signer besides the $5500, $5500, $6500, $7500 Stafford loans. With $160k a year income, you can afford to use that 529, some savings and cash flow to full boat pay for Harvard. I did it on just about that salary and DS#1 was at a college...
by fishnhunt
Tue Oct 06, 2020 9:32 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

Your kids can always borrow money for college if needed. You cannot borrow money for retirement. Invest enough for yourself first. Once that is covered invest in the 529's to cover their college. If there is still extra invest more for your retirement. Please list all places where the kids can borr...
by fishnhunt
Tue Oct 06, 2020 8:18 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

Your kids can always borrow money for college if needed. You cannot borrow money for retirement. Invest enough for yourself first. Once that is covered invest in the 529's to cover their college. If there is still extra invest more for your retirement. Please list all places where the kids can borr...
by fishnhunt
Mon Oct 05, 2020 8:05 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 464
Views: 28753

Re: Should We Ever Save for Children's College?

Your kids can always borrow money for college if needed. You cannot borrow money for retirement. Invest enough for yourself first. Once that is covered invest in the 529's to cover their college. If there is still extra invest more for your retirement.
by fishnhunt
Mon Oct 05, 2020 8:01 pm
Forum: Personal Investments
Topic: Help selecting 401k investments
Replies: 7
Views: 412

Re: Help selecting 401k investments

I would just do 100% FXAIX and be done with it, but I don't invest in international. I would avoid the funds with the higher fees.
by fishnhunt
Fri Oct 02, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 190
Views: 12702

Re: If you have a pension, how do you view it?

I consider it income, small pension , no cola. I also do not consider myself "Lucky" to have it, as in one of the lucky ones. I choose the company to work for all those years ago with what benefits were offered. Pension, healthcare etc. Other companies/employment offered more salary, and little if ...
by fishnhunt
Fri Oct 02, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Help with replacing water heater
Replies: 49
Views: 3043

Re: Help with replacing water heater

For everyone talking about losing power and still having hot water - this is only if you are on city water. If you have your own well your pump won't have power to refill the tank. Unless you have a generator. See earlier thread for how long a tank of hot water can last... https://www.bogleheads.or...
by fishnhunt
Fri Oct 02, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 190
Views: 12702

Re: If you have a pension, how do you view it?

I will have a pension someday worth about 50% of my final pay from my high 3 years if I stay with my current employer. This is one of the best pension plans in the country/ world, so I feel confident it will be there when I retire. This will cover all of my standard living expenses with some extra e...
by fishnhunt
Fri Oct 02, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: Help with replacing water heater
Replies: 49
Views: 3043

Re: Help with replacing water heater

For everyone talking about losing power and still having hot water - this is only if you are on city water. If you have your own well your pump won't have power to refill the tank.
by fishnhunt
Fri Oct 02, 2020 7:41 am
Forum: Personal Consumer Issues
Topic: Help with replacing water heater
Replies: 49
Views: 3043

Re: Help with replacing water heater

I've been researching water heaters the past few weeks since the one in our new house is 22 years old. It's still going strong but I want to be ready to know what kind of replacement I want for when the time comes. We have a propane gas power vent water heater now and I will likely replace with anot...
by fishnhunt
Wed Sep 30, 2020 7:04 am
Forum: Personal Consumer Issues
Topic: Does anyone recommend this $350 laptop?
Replies: 51
Views: 3645

Re: Does anyone recommend this $350 laptop?

I bought a Dell laptop for $375 on sale at Best Buy last February. 128 gb SSD, 8 gb of memory and touchscreen. Very happy with it so far for that price. I will only buy SSD from now on, it is so nice having it startup in only a few seconds. Hoping to get at least 4 years out of it. My plan with lapt...
by fishnhunt
Wed Sep 23, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bad time to build a new house?
Replies: 19
Views: 2742

Re: Bad time to build a new house?

I wouldn't build right now. I was planning to build a deck this fall, I can't even find treated deck boards in my area and if they are in stock you better hurry cause they are gone within a day. Not to mention they are also 30-40% more expensive than a few months ago. Ply wood has almost doubled in ...
by fishnhunt
Fri Sep 18, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: large cracks in the driveway. Solution?
Replies: 11
Views: 1596

Re: large cracks in the driveway. Solution?

I'd look into an epoxy chip sealer as an option. We use epoxy overlays on highways and bridges and they are very durable. Without ripping up the driveway to fix the underlying base aggregate and drainage, there is no real way to "fix" it. Only option is to keep filling it.
by fishnhunt
Wed Sep 16, 2020 7:39 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 59
Views: 4907

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

phxjcc wrote: Wed Sep 16, 2020 12:20 am I did.
Within 2 years the house appreciated and LTV was raised to greater than 80%, called lender and they eliminated PMI.
Did you need to pay for a new appraisal to do this? I am hoping within a couple years we will be in the same position as you were.
by fishnhunt
Wed Sep 16, 2020 7:37 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 59
Views: 4907

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

I just put 5% down on our first house. 2.875% for 30 year without paying anything extra for points. PMI is $60/ month. DW and I are both public employees so the risk of either of us losing our job and needing to sell is minimal. Besides the PMI, there didn't seem to be any difference if we had put d...
by fishnhunt
Mon Sep 14, 2020 3:11 pm
Forum: Personal Consumer Issues
Topic: Best Streaming Service
Replies: 24
Views: 2123

Re: Best Streaming Service

We rotate between the different streaming options but usually end up keeping Netflix the longest. After a while when nothing interests us, we cancel and try some other options. Usually switch back 3-6 months later and there is new movies and shows to watch.
by fishnhunt
Sun Sep 13, 2020 7:43 am
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 171
Views: 11815

Re: PSA: switch to LED light bulbs and save hundreds per year

Local hardware store has 4 LED bulbs for $1. I asked the store if this was the right price, figuring it was advertised wrong, and they said the energy company is subsidizing the price to get more people to switch over. I just switched over my entire house to all LED. They had 60w, 75w, and 100w equi...
by fishnhunt
Fri Aug 14, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9223

Re: Retiring this Friday. Now what?

My uncle retired and found part time consulting work (10-25 hrs/ wk). At first he liked it, mainly because it was winter and not much to do outdoors. By spring/ summer it started to become like work again but he kept chugging along to keep busy. Then he was diagnosed with a severe medical condition...
by fishnhunt
Thu Aug 13, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9223

Re: Retiring this Friday. Now what?

My uncle retired and found part time consulting work (10-25 hrs/ wk). At first he liked it, mainly because it was winter and not much to do outdoors. By spring/ summer it started to become like work again but he kept chugging along to keep busy. Then he was diagnosed with a severe medical condition ...
by fishnhunt
Tue Aug 11, 2020 3:18 pm
Forum: Personal Consumer Issues
Topic: Retirees: How you spend your time?
Replies: 63
Views: 7603

Re: Retirees: How you spend your time?

A few close relatives are retired. I always mock them saying since everyday is a Saturday for you stop going to Home Depots on my Saturdays so us working stiffs can get out quicker, and don't leave for your RV trip on Monday morning rush hour as they do. I always think this when we go to the grocer...
by fishnhunt
Thu Jul 30, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Student Loan Advice for Fiance
Replies: 11
Views: 1210

Re: Seeking Student Loan Advice for Fiance

Don't touch the Roth. I would do a Dave Ramsey approach. You could knock off a handful of these smaller loans in no time at all. It will feel good to get 4 or 5 of these loans done and build some momentum. After that you can look at interest rates and loan balances to determine what order is best.
by fishnhunt
Wed Jul 29, 2020 1:16 pm
Forum: Personal Consumer Issues
Topic: Only tool I've ever used to repair a car is a Visa card: Can I replace a Camry Bumper myself?
Replies: 15
Views: 1536

Re: Only tool I've ever used to repair a car is a Visa card: Can I replace a Camry Bumper myself?

Car repairs are never as easy as they appear on Youtube. I would just take it somewhere to have it done if you have not done other repairs yourself. I've had my truck ripped apart a few times and ran into problems, its not a good feeling.
by fishnhunt
Wed Jul 29, 2020 6:33 am
Forum: Personal Consumer Issues
Topic: Best platform for selling used car?
Replies: 20
Views: 1877

Re: Best platform for selling used car?

Facebook Marketplace. Craigslist is becoming obsolete in my area.
by fishnhunt
Fri Jul 24, 2020 9:04 am
Forum: Personal Consumer Issues
Topic: First time homebuyer - things to keep in mind
Replies: 31
Views: 2491

Re: First time homebuyer - things to keep in mind

Be patient. It took us 1.5 years to find our home in a low inventory rural area. I think we looked at 20 houses in that time. After looking at a number of houses you will know when you find the house that is meant for you. Have extra money saved up for closing costs, new purchases that you may need ...
by fishnhunt
Thu Jul 23, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Top Load Washer Dry Time
Replies: 20
Views: 1158

Re: Top Load Washer Dry Time

So my question is - has anyone noticed an increase in drying time with the new high efficiency top loads? I bought a new Whirlpool top load machine and the clothing seems to come out dryer than the old top load machine it replaced. If possible consider buying whatever you select at Costco with a Co...
by fishnhunt
Thu Jul 23, 2020 8:13 am
Forum: Personal Consumer Issues
Topic: Top Load Washer Dry Time
Replies: 20
Views: 1158

Top Load Washer Dry Time

DW and I need to buy a new washer and dryer. Was leaning towards the LG top loader washer and dryer set for $1300 on sale right now. These are energy star rated. Shopped at two different stores yesterday and got two different opinions on washer types. First person said front load is the way to go. U...
by fishnhunt
Tue Jul 21, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: It is okay to spend money on depreciating assets?
Replies: 51
Views: 3724

Re: It is okay to spend money on depreciating assets?

I have a rule - pay cash for all of the toys. Save up, be patient and look for good deals. They are out there. Have the cash at home ready to go, the good deals are usually gone within hours. My last fishing boat I actually made money on. Bought it in November (worst time of year to buy a boat in th...
by fishnhunt
Wed Jul 15, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2029

Re: How much to put down on mortgage

Update: I locked in a 30 year mortgage at 2.875% today. :sharebeer I will endeavor to put the 20% down. Our payment will be $200/mo less than present so extra $ after budget will be about $3000/mo, down to $1500/mo once baby is in daycare if I can find one. I didn’t even think of using one of those...
by fishnhunt
Wed Jul 01, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: paying a year rent in advance?
Replies: 5
Views: 761

Re: paying a year rent in advance?

I have been renting the past 10 years, college student for half of that, and have never needed to do a rental application. Maybe they are not a thing in my area. I've rented my last 4 places sight unseen. Normally I tour the place or look at pictures, talk with the landlord and tell them I'll take i...
by fishnhunt
Mon Jun 29, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14447

Re: Hopeless Civil Engineer

Civil engineer here with my PE and 4.5 years of experience, I make $70k working for a state government in LCOL area. My income alone is $20k above the average household income in my area. I could make more by working overtime in construction but like you, I am sick of dealing with contractors so I j...
by fishnhunt
Tue Jun 16, 2020 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Auto loan finance recommendations
Replies: 19
Views: 1344

Re: Auto loan finance recommendations

All of the major car brand dealers are offering 0% financing right now for new vehicles. Local car dealers in my area were offering 0% 36 month financing on all used cars for two weeks at the end of May. DW and I were planning on buying a SUV this summer, plan was to pay cash for something around $1...
by fishnhunt
Thu Jun 11, 2020 10:09 am
Forum: Personal Consumer Issues
Topic: 2 cars, one driver. Should I sell one?
Replies: 45
Views: 3109

Re: 2 cars, one driver. Should I sell one?

riots_rus wrote: Thu Jun 11, 2020 6:08 am Sell the Mercedes
X2
by fishnhunt
Wed Jun 10, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Trip to Alaska in August/Sep
Replies: 17
Views: 1714

Re: Trip to Alaska in August/Sep

I used to live in Alaska. August is usually the rainy season, starts cooling off, and starts getting dark at night. Obviously this varies greatly depending on what part of the state you are visiting. Climate varies greatly from Fairbanks to the Kenai to the Southeast (where it is a rainforest). Only...
by fishnhunt
Wed Jun 10, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: CPI and the Perfect Storm for Seniors
Replies: 12
Views: 929

Re: CPI and the Perfect Storm for Seniors

Chicken, pork, and beef have almost doubled in price by me, assuming they are even in stock. I have allocated a 30% increase in my weekly food budget for this. Luckily I have the room in my budget to do this, but sadly many people don't
by fishnhunt
Thu Jun 04, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for a 23 year old
Replies: 35
Views: 1821

Re: Life Insurance for a 23 year old

I did not get life insurance until my wife became pregnant. I now have 5x salary through my work plan for $12/ month pre tax. Many people forget to factor in social security benefits for your children if you were to pass. I created a social security account and found out my kid would be eligible for...
by fishnhunt
Thu Jun 04, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: 457b Plan for Government Employees
Replies: 4
Views: 416

Re: 457b Plan for Government Employees

I know for a standard Roth IRA after the 5 year period you can withdraw your contributions penalty free. I'm not sure if this also applies to the 457b plan.
by fishnhunt
Tue Jun 02, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 470260

Re: Share your net worth progression

In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US? Here's somewhat of a random guess: Age - Net Worth 20 - $50k 30 - $200k 40 - $500k 50 - $1.0m 60 - $1.5m 65 - $2.0m I think $50k at 20 years old is extremely unrealistic. Mos...
by fishnhunt
Tue May 26, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting for Gifts?
Replies: 20
Views: 1282

Re: Budgeting for Gifts?

Would also like to add that my credit union offers a "Christmas Club" account where you set $x amount to be taken out at a certain interval (weekly, monthly, etc) or you can transfer over to this account whenever you would like. Funds aren't available until Nov 1, although I'm sure you could get the...
by fishnhunt
Tue May 26, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting for Gifts?
Replies: 20
Views: 1282

Re: Budgeting for Gifts?

Gifts are added as a line item expense on my two-week budget in excel. Or I just use my credit card and pay it off every two weeks.
by fishnhunt
Tue Apr 21, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Helping deciding if i should purchase a truck
Replies: 26
Views: 1688

Re: Helping deciding if i should purchase a truck

$22k for a 2013 F-150 with 100k miles seems steep. I'd shop around a bit more.