Search found 238 matches

by Frugalbear
Wed Sep 30, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: Homeowner attempting to resurface neighborhood public road
Replies: 86
Views: 9288

Re: Homeowner attempting to resurface neighborhood public road

8foot7 wrote: Tue Sep 29, 2020 7:31 pm You certainly have no obligation to pay for this so I’d just enjoy the paved road if it actually happens
+1
by Frugalbear
Tue Sep 29, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: How do you stay organized?
Replies: 17
Views: 1594

How do you stay organized?

How do you keep your day to day organized?

Anyone out here still using a pocket calendar or agenda book?
by Frugalbear
Tue Sep 29, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

Here is the deal in bullets for easier viewing: 1.No debt besides mortgage 2.Roth MAXED VTSAX(mine and wifes) 3. 401k MAXED VTSAX (mine and wifes) 4. 9 months in expenses saved 5. Started a taxable...currently of 5 shares of VOO 6. Current mortgage $123,533.75 14years and 11months left at 2.9% Do I...
by Frugalbear
Tue Sep 29, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9764

Re: What fund(s) are in your taxable account?

Just out of curiosity, I see a lot of you have international stocks in your taxable. How come?
by Frugalbear
Mon Sep 28, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

mortfree wrote: Mon Sep 28, 2020 6:32 pm How much extra per month are we talking here?

I don’t recall that being mentioned.

For me the thread title is deceiving. You’re not paying off the mortgage. You’re paying it down faster.

Semantics but you could be paying this down for 10 years.
$650/month
by Frugalbear
Mon Sep 28, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

Armoured wrote: Mon Sep 28, 2020 2:51 pm Do you think investments will make at least 5%?
I'd like to think so, but I know nothing!
by Frugalbear
Mon Sep 28, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9764

Re: What fund(s) are in your taxable account?

retiredjg wrote: Mon Sep 28, 2020 3:47 pm If I had a taxable account, it would be a total stock index and/or a total international index.
Why don't you have one?
by Frugalbear
Mon Sep 28, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9764

What fund(s) are in your taxable account?

What fund or funds are in your taxable account? Why did you choose that fund?
by Frugalbear
Mon Sep 28, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

1.No debt besides mortgage 2.Roth MAXED VTSAX(mine and wifes) 3. 401k MAXED VTSAX (mine and wifes) 4. 9 months in expenses saved 5. Started a taxable...currently of 5 shares of VOO 6. Current mortgage $123,533.75 14years and 11months left at 2.9% I'd ask what age you and your wife are, since I thin...
by Frugalbear
Mon Sep 28, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

To completely level with you, no I have not reached a satisfying conclusion. My only goal in life is that God forbid something happened to me prematurely, my wife is financially okay. So I go back and forth... it is becoming more clear to me that you can't eat a house though. Thank you Get adequate...
by Frugalbear
Mon Sep 28, 2020 6:42 am
Forum: Personal Consumer Issues
Topic: The One Who Pays
Replies: 33
Views: 3984

Re: The One Who Pays

I also come from a poor family ( food stamps, trips to the laundromat, and no eating out) and it was a challenge for me when my now inlaws would pay for everything. Finally after years of them not letting us pay the bill, I was just open and honest and told them how it made me feel. They explained i...
by Frugalbear
Sat Sep 26, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

The nice thing about doing half of each and revisiting periodically is that if you decide you were wrong about one half, you were only half wrong, and only for the period of time until you decide to take the other wrong side of the decision. Personally, I think there's no one-size-fits-all on this....
by Frugalbear
Sat Sep 26, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

OP, Check out this podcast episode, you might enjoy these thought experiments: What is your ROR on Home Equity? https://www.youtube.com/watch?v=kbUXLRLdndkhe "The more equity you have in your home, the safer you have made your home for the bank." "When the worst things happen, do you want to be the...
by Frugalbear
Sat Sep 26, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

At this point, having asked this question a gazillion times, it’s time to make your decision and move on. Decide (for example) you will prepay $200/month and save the rest in a taxable account. Do this until January 1st and then revisit your decision. Every January 1st decide if you’ll increase the...
by Frugalbear
Fri Sep 25, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

Do you find the mortgage to be a burden? If not, I would add to taxable. Just my two cents. Not from a cost perspective, but from a mental- what if I lose my job or get sick perspective then yes. If you are losing sleep over it, pay off the mortgage. Otherwise, don't. You asked the same question a ...
by Frugalbear
Fri Sep 25, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Re: Gazillionth mortgage pay off question

traveler901 wrote: Fri Sep 25, 2020 9:32 am Do you find the mortgage to be a burden? If not, I would add to taxable. Just my two cents.
Not from a cost perspective, but from a mental- what if I lose my job or get sick perspective then yes.
by Frugalbear
Fri Sep 25, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Gazillionth mortgage pay off question
Replies: 67
Views: 5711

Gazillionth mortgage pay off question

Here is the deal in bullets for easier viewing: 1.No debt besides mortgage 2.Roth MAXED VTSAX(mine and wifes) 3. 401k MAXED VTSAX (mine and wifes) 4. 9 months in expenses saved 5. Started a taxable...currently of 5 shares of VOO 6. Current mortgage $123,533.75 14years and 11months left at 2.9% Do I....
by Frugalbear
Thu Sep 24, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: Annual oil changes a must? Car maintenance during these times
Replies: 101
Views: 7728

Re: Annual oil changes a must? Car maintenance during these times

Oil still breaks down...regardless of mileage always get at least one oil change per year. Oil is the breakdown of dinosaurs from a million years ago, an extra few months or a year isn't going to make much of a difference. Seriously, I worry more about breakdown of olive oil after 12 months. Here's...
by Frugalbear
Thu Sep 24, 2020 3:22 pm
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

firebirdparts wrote: Thu Sep 24, 2020 1:51 pm
Frugalbear wrote: Thu Sep 24, 2020 1:14 pm
Also I've only been investing for 6 years and really haven't seen compounding work it's magic.
Username checks out. If you're a bear you won't.
HA! I got a kick out of that one! :sharebeer
by Frugalbear
Thu Sep 24, 2020 3:20 pm
Forum: Personal Consumer Issues
Topic: Annual oil changes a must? Car maintenance during these times
Replies: 101
Views: 7728

Re: Annual oil changes a must? Car maintenance during these times

We have a pair of Hondas that even before COVID we were driving less than 5000 miles/year. It's now less than 1000/car over the last year. We've always just gotten annual oil changes per the recommendation in the owner's manual. One of our cars is now at about 14 months since the last oil change. I...
by Frugalbear
Thu Sep 24, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

This all has been eye opening. Yes, I understand that personal finance is personal, but it doesn't take away the wonder.

Also I've only been investing for 6 years and really haven't seen compounding work it's magic...so I have/had some uncertainty. Thank you everyone who shared their story.
by Frugalbear
Thu Sep 24, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

Nonexistent. Same here, for our early - mid 30's. Traditional IRA's were not available to me/wife until 1982, when we both turned 34. Up to that point, we both had pensions (later eliminated) but were barred from contributions to an IRA. That was changed with the Economic Recovery Tax Act of 1981 (...
by Frugalbear
Thu Sep 24, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

Nonexistent. I was a graduate student for nine years--it's unusual to take that long and still actually get the degree, but I did. So from the mid-sixties through the mid-seventies my wife and I were living on roughly $3,000/year, the equivalent of about $20,000, in grad student quasipoverty. So I ...
by Frugalbear
Thu Sep 24, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

Chuck107 wrote: Thu Sep 24, 2020 6:51 am Nothing, Paycheck to paycheck.
Just bought my first house, 2 weeks later lost my job, One child and another on the way.
Not a good time, account wise.
At what point did things change?
by Frugalbear
Thu Sep 24, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

Re: What did your accounts look like in your 30's?

bo105954027 wrote: Wed Sep 23, 2020 11:36 pm I asked the same question several years ago:

viewtopic.php?t=194305

A popular topic indeed.:D
Thanks for directing me to your popular thread! A lot of what im looking for is on there.

Im interested in knowing what your situation looks like now...care to share?
by Frugalbear
Wed Sep 23, 2020 9:09 pm
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7917

What did your accounts look like in your 30's?

What did your pretax and post tax accounts look like in your 30's?

Did you feel like you were ahead of the game or behind the 8 ball?
by Frugalbear
Mon Sep 21, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: Career path out of sales into another field
Replies: 8
Views: 539

Re: Career path out of sales into another field

It will be difficult to get a new non-sales job, especially because you have a selling background. And if you have a successful track record selling, people will really wonder why you're applying out. What career are you targeting? That would help narrow the possible options. One option is to get c...
by Frugalbear
Mon Sep 21, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: Career path out of sales into another field
Replies: 8
Views: 539

Career path out of sales into another field

Currently working in sales and would like to get out of the field. However, I find it almost impossible. I've been to interviews for non-sales interviews and then being offered a job for a sales role during the same interview. If you ever worked in sales and transitioned into another field, I'd like...
by Frugalbear
Sun Sep 20, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16345

Re: Coping with Megacorp rat race

Thank you all very much for giving me a different perspective of my situation. Although some of the information I always knew deep down inside, some of I never looked through that certain lense. I have decided not to take things so serious and focusing a bit more on what I can control. No point in l...
by Frugalbear
Fri Sep 18, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2194

Re: Should I help my mother pay off debt?

Hi Baxxter, If I were in your shoes: 1. Talk to your wife about how you feel about the situation and weigh things out. **If you are both agree this is a good idea then to number 2** 2. Talk to your Mom and let her know how well you are doing and that you would like to help and that you appreciate gr...
by Frugalbear
Wed Sep 16, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: Tiffany Quality
Replies: 35
Views: 2753

Re: Tiffany Quality

You are a person of class! I would appreciate something of this nature , but I'm 32 and I have a China hutch!

If you do change your mind as you probably know, cash works well. Good luck let us know what you end up doing!
by Frugalbear
Tue Sep 15, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Misspelled Trust Name in IRS Form
Replies: 19
Views: 1239

Re: Misspelled Trust Name in IRS Form

A relative of mine had a lot of correspondence with the irs in the form of a payment plan for taxes owed. At any rate, the IRS never spelled his name correct on an of the correspondence. Moral of the story, I think the EIN number matters most. I don't think that makes it right that the attorney shru...
by Frugalbear
Mon Sep 14, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16345

Coping with Megacorp rat race

I'm 32 working for a Megacorp and I'm feeling burned out. Kind of exhausted from all the smoke and mirrors... sleight of hand actions. I've thought of getting a new job, but fear of the unknown and current compensation keeps me here. Then I have thoughts that I should be grateful to have a job. How ...
by Frugalbear
Sun Sep 13, 2020 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14602

Re: Paying off sub 4% mortgage interest rate early

Is anyone who has a sub 4% fixed mortgage interest rate paying it off aggressively early? If you are, why? If you are nowhere near retirement, I would personally not pay off any debt under 5%, but would rather invest aggressively. Pay off the mortgage in the last 5-10 years of your career. Get your...
by Frugalbear
Sat Sep 12, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: is it time to pay off my 2.375% mortgage?
Replies: 39
Views: 3637

Re: is it time to pay off my 2.375% mortgage?

My head started to hurt after thinking different options of our current financial options. I need some help! 5 years ago we sold our business for $200k, exactly amount as our mortgage balance. Because our rate is so low at $2.375%, we were reluctant to pay it off. We put that $200K in a CD ladder (...
by Frugalbear
Sat Sep 12, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14602

Re: Paying off sub 4% mortgage interest rate early

Not everybody has access to those rates, whether due to state/market, credit score, or smaller mortgage balance. Seems like almost everyone on Bogleheads does, judging by the Refinance Mega Thread. Best I could get was a no cost 30 year fixed at 3.375%. My loan balance is on the smaller side, 120k....
by Frugalbear
Sat Sep 12, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14602

Re: Paying off sub 4% mortgage interest rate early

Admiral wrote: Fri Sep 11, 2020 12:40 pm
Toons wrote: Fri Sep 11, 2020 12:09 pm I am not
But
I Would
If I had a Mortgage




:mrgreen:
Toons I always enjoy your Haiku-esque responses! :happy
+1
by Frugalbear
Sat Sep 12, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14602

Re: Paying off sub 4% mortgage interest rate early

I am wondering why all the folks with 3.5% - 3.75% mortgages aren’t doing a no cost refi down to 2.75% or so, unless you’re planning to pay it off completely in 2 years or so. Not everybody has access to those rates, whether due to state/market, credit score, or smaller mortgage balance. Seems like...
by Frugalbear
Fri Sep 11, 2020 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14602

Paying off sub 4% mortgage interest rate early

Is anyone who has a sub 4% fixed mortgage interest rate paying it off aggressively early? If you are, why?
by Frugalbear
Thu Sep 10, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone think the market is over-inflated?
Replies: 112
Views: 8370

Re: Why does everyone think the market is over-inflated?

softmax wrote: Thu Sep 10, 2020 10:36 am It really doesn’t matter.

If the market soars, I’m happy with my earnings.
If the market crashes, I’m happier because I’ll be buying more.

Very nicely put!
by Frugalbear
Wed Sep 09, 2020 6:17 am
Forum: Personal Investments
Topic: Middle class portfolio review
Replies: 19
Views: 2577

Re: Middle class portfolio review

Looks good! Great job. Just as stated above and I think in order of importance in my opinion:

1. Roth IRA
2. Mortgage refinance
3. Get that EF up
by Frugalbear
Tue Sep 08, 2020 5:41 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

I didnt really have a goal for the money in the taxable. I was just trying to save somewhere where i can get a better return. I've maxed out all of pretax and roth plans...wife does the same. That's fine. In that case the goal is simply to increase your overall nest egg. I was just wondering if the...
by Frugalbear
Tue Sep 08, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I withhold 0$ on 2020 W4?
Replies: 10
Views: 979

Re: Can I withhold 0$ on 2020 W4?

Some companies actually let you tax block checks! Its big in the sales world with big commission checks!
by Frugalbear
Mon Sep 07, 2020 1:36 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

Frugalbear, Now that you have paid off substantial debt, this is an excellent time to build your taxable portfolio. You’re doing very well with your retirement savings and you and your wife are excellent savers. Once you have figured out your monthly free cash flow, allocate an increasing amount to...
by Frugalbear
Mon Sep 07, 2020 11:12 am
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

Yeah that is one thing I need to do with my taxable, automate a bit more. My plan was to buy one share every pay check. You have my word I'll start that following next pay check. Cheers and thanks What are your goals for the taxable account over the intermediate term 5-7 years and the longer term? ...
by Frugalbear
Mon Sep 07, 2020 10:02 am
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

OP, I have always calculated a savings rate based upon my total income. I have also read that the Federal Reserve defines saving rate as a ratio of personal savings to disposable personal income, income from all sources minus the tax you pay on that income. Whether you use Klangfool’s formula or mi...
by Frugalbear
Sun Sep 06, 2020 9:42 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

A 32 year old doctor making 130k with that amount saved and no debt outside the mortgage is rocking it. But if you've been working for 10 years and never had massive student loans then not so much. So yeah, need more info. Spousal Roth? Refinance again? Do you have access to HSA? Paid student loans...
by Frugalbear
Sun Sep 06, 2020 9:38 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

OP, 1) Are you maxing one or two Roth IRAs? 2 Roth IRA 2) Single income or dual income household? Dual income 3) What is your annual expense? $35k 4) What is your annual saving? Not sure, this was a year of paying all student loans off, all of cars off, new roof. 5) What is your annual saving as pe...
by Frugalbear
Sun Sep 06, 2020 9:13 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Am I missing something?

Just trying to dot my i's and cross my t's.. Questions: 1.How does my financial picture look? 2.Anything I can add to make it more lucrative or optimal? Emergency Fund: - 9 months of expenses Debt: -122.8k mortgage (2.9% interest/15year- just refinanced last month) Tax FIling: MFJ Tax Rate: Federal ...