Search found 959 matches

by campy2010
Fri May 15, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Get rid of PMI or pay off federal college loan
Replies: 7
Views: 334

Re: Get rid of PMI or pay off federal college loan

Federal loans have 0% interest right now, but PMI removal isn't guaranteed.

Given today's environment, I would hold onto the cash until I had to start paying interest on the student loan.
by campy2010
Fri May 01, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: New Grad's Housing Question
Replies: 15
Views: 634

Re: New Grad's Housing Question

You could always live with roommates who already have big pieces of furniture and move the smaller stuff from place to place (or re-purchase as needed).
by campy2010
Fri May 01, 2020 12:18 am
Forum: Personal Investments
Topic: pay off mortgage vs. invest in the time of covid
Replies: 19
Views: 2654

Re: pay off mortgage vs. invest in the time of covid

You're letting your distrust of the current market drive panic selling at a low point. This is buy-high, sell-low behavior that this forum encourages people to avoid. But it seems like your mind was made up before you posted the question and you have plenty of money so it doesn't matter one way or a...
by campy2010
Mon Apr 27, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7149

Re: How do you explain no COVID19 Stimulus Payment?

"I'm waiting for my check with the signature".....insert political joke

In reality, I'm single and in a HCOL area so not qualifying doesn't say much about my finances. Most of the people I know are in the same boat.
by campy2010
Mon Apr 27, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 226
Views: 31077

Re: Car Dealers not really wanting to make a deal

I have noticed some movement in the used car market. I have been in the market for 2017-2018 Mazda CX-5s and the online prices have dropped by about 10-15% (from ~$21k to $19.5k). I think the online price drops reflects that used car dealers once had a philosophy of putting up a slightly marked up p...
by campy2010
Tue Apr 21, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6154

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

I don't have a car and drive a fair number of rental cars on weekends. Of the 3, I've driven them all and dislike them all for different reasons. I think I accidentally left the Prius running when I went into Starbucks, but the gas mileage was excellent. My leg was nearly numb from driving 5 hours i...
by campy2010
Thu Apr 09, 2020 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in career - what did you do to "unstuck" yourself?
Replies: 41
Views: 3684

Re: Feeling stuck in career - what did you do to "unstuck" yourself?

To get unstuck and switch gear: Get married. Have children. Seriously. Don't begin sentences with the word "Me." +1 Livesoft: when your Stanford-educated daughter comes to you for professional advice is your advice to her "daughter, don't worry about your professional goals find a husband/wife and ...
by campy2010
Wed Mar 25, 2020 11:01 pm
Forum: Personal Consumer Issues
Topic: What is with the printer paper delivery times on Amazon?
Replies: 39
Views: 2315

Re: What is with the printer paper delivery times on Amazon?

It isn't shocking that Amazon is very busy right now. Fortunately, Amazon isn't the only company that sells printer paper online.
by campy2010
Wed Mar 18, 2020 10:55 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Telework Problems: Home Office Chair Recommendation please
Replies: 13
Views: 1023

Re: Coronavirus Telework Problems: Home Office Chair Recommendation please

I had work get me a Steelcase Leap V2 for my home office after burning through various cheap chairs over the years.. it's worth spending money on a good chair. +1 on Steelcase leap v2 https://www.madisonseating.com/leap-chair-v2-by-steelcase.html?gclid=Cj0KCQjwjcfzBRCHARIsAO-1_OoJ3r8fsS2Il6CMZfqyrS...
by campy2010
Wed Mar 11, 2020 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home 3x income ?
Replies: 28
Views: 3157

Re: Buying a home 3x income ?

Mortgage (or PITI) = 3x income makes more sense as a rule of thumb. You're paying the mortgage and taxes not the home price. Interest rates and property taxes matter.
by campy2010
Thu Mar 05, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: I forgot to pay a medical bill, now its gone to collections
Replies: 23
Views: 2561

Re: I forgot to pay a medical bill, now its gone to collections

If you can't get the provider to let you pay the bill directly then there is a process to request medical related collections from reporting by the 3 credit monitoring agencies due to HIPAA privacy. Google "HIPAA collections request for removal" and you can find a template letter.
by campy2010
Mon Feb 24, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4209

Re: Thoughts on car financing

If it preserves liquidity, I have no problem with a low interest car loan that is approximately equal to what is earned on savings account. Find a car with a 0.9% interest rate. Penfed CU has a 1.49-1.99% new car loan. Their rate is slightly higher for a late model used car. Make sure you factor in ...
by campy2010
Sun Feb 23, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Large attic - to finish or not finish?
Replies: 33
Views: 2250

Re: Large attic - to finish or not finish?

Temperature control is probably the biggest issue with the more skeletal options. Will your HVAC system support the added square footage? Will portable air conditioners cool this large enough space to use as a workout room? Heat is less of an issue. Working out when it's a little chilly is manageabl...
by campy2010
Fri Feb 21, 2020 5:36 pm
Forum: Personal Investments
Topic: How to save for a car or other big purchase
Replies: 38
Views: 1563

Re: How to save for a car or other big purchase

I don't believe in saving in buckets for specific items. You answered your own question on how you plan to approach large(ish) unexpected expenses. If it's a bad time to move money out of the market, then either don't buy a car or get a loan. Emergencies are covered via large equity index fund taxab...
by campy2010
Tue Feb 18, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas for a little extra money each year?
Replies: 34
Views: 3066

Re: Any ideas for a little extra money each year?

I live in a city so I see people on Nextdoor posting random tasks, some of which are relatively simple. Help me move X into the basement. Help me clean my lawn. Walk my dog. Water my plants. I've considered helping out with these tasks, mainly to be neighborly more than anything. The jobs are often ...
by campy2010
Wed Feb 12, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tactic to Induce Myself to Keep Working
Replies: 26
Views: 2881

Re: Tactic to Induce Myself to Keep Working

With a spouse that is significantly older, I would retire and enjoy active retirement years with him. The next stage is the less active years and care taking. And there is no timetable for when that stage will come. For me, I would not risk missing out on the active retirement years of my own for a ...
by campy2010
Wed Feb 12, 2020 6:18 pm
Forum: Personal Consumer Issues
Topic: Suggestions to save money on a house move cross country
Replies: 22
Views: 1153

Re: Suggestions to save money on a house move cross country

My recommendation: don't move the house!

In other words, purge, sell, donate before moving.
by campy2010
Tue Feb 11, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Recommended biology/life science related majors and careers?
Replies: 51
Views: 3400

Re: Recommended biology/life science related majors and careers?

I'm just trying to help her focus in on some ideas of things she might like to do so she doesn't wind up just being an art major and doing digital animation for no pay. She can do that as a minor or second major as long as she has something reasonably marketable and interesting to her to fall back ...
by campy2010
Mon Feb 10, 2020 1:00 pm
Forum: Personal Investments
Topic: Invest now or wait for correction?
Replies: 21
Views: 2071

Re: Invest now or wait for correction?

You made a plan to move bonds out of taxable. Execute the plan without overthinking it. At the end of the day, the goal is to keep money in the market per your desired asset allocation.
by campy2010
Thu Feb 06, 2020 4:39 pm
Forum: Personal Investments
Topic: After tax 401k loop
Replies: 41
Views: 2318

Re: After tax 401k loop

I called my company's fidelity rep today and he said there is a 401K ROTH that I can have my after tax dollars go to and he can set it up in such a way that from each paycheck the after tax dollars get automatically swept into the ROTH. From my perspective, I simply have to increase my contribution...
by campy2010
Thu Feb 06, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Medical Devices or Data Science/Machine Learning
Replies: 30
Views: 1679

Re: Career Advice: Medical Devices or Data Science/Machine Learning

I see this as a one way street decision. If you want to use your degree to make med devices then you should do it now because returning to it later will probably be very hard or impossible. Using data to answer questions and solve problems is a more general skill that can be developed on top of doma...
by campy2010
Wed Feb 05, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth deposit in TD Ameritrade
Replies: 14
Views: 733

Re: Mega backdoor Roth deposit in TD Ameritrade

It seems like your life would be a lot easier if you did all of this within Fidelity.
by campy2010
Sat Feb 01, 2020 4:33 pm
Forum: Personal Investments
Topic: Any scenarios where taxable is better than mega backdoor for annual savings not entirely designated for retirement?
Replies: 8
Views: 732

Re: Any scenarios where taxable is better than mega backdoor for annual savings not entirely designated for retirement?

Does it have to be either/or? My employer limits after-tax contributions to 10% of salary so I can't reach the theoretical max. What doesn't get invested with the MegaBackdoor goes into a taxable account. I consider the MegaBackdoor Roth to be retirement investment, while right now the brokerage inv...
by campy2010
Fri Jan 31, 2020 10:03 am
Forum: Personal Consumer Issues
Topic: Suggestions for wife's new luxury (or non luxury) SUV???? UPDATE: Thanks everyone for your help.
Replies: 138
Views: 9202

Re: Suggestions for wife's new luxury SUV????

Look at the higher trim levels of the non-luxury brands. Mazda CX-5/9 grand touring. Subaru Ascent. etc.
by campy2010
Tue Jan 28, 2020 9:20 pm
Forum: Personal Consumer Issues
Topic: Is it worth it to jump on the TurboTax bandwagon?
Replies: 36
Views: 2657

Re: Is it worth it to jump on the TurboTax bandwagon?

I'm going to buck the pro-TurboTax commentary and say no because 1) there are much cheaper alternatives like taxfreeusa.com and 2) TT, which is owned by Intuit, have been lobbying Congress to stop Americans to from filing their taxes for free for 20 years or so (https://www.propublica.org/article/i...
by campy2010
Tue Jan 28, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter's Boston Job Offer
Replies: 115
Views: 9614

Re: Daughter's Boston Job Offer

$68K is pretty good for a a fresh graduate. Starting salaries almost don't matter, instead the work and company matters. If the work is good and the company has many interesting projects she can learn from and have experienced folks to interact with, then in a year or two she can build up the resum...
by campy2010
Mon Jan 27, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Do you pay attention to Proposition 65 warnings when you buy something?
Replies: 25
Views: 1613

Re: Do you pay attention to Proposition 65 warnings when you buy something?

It depends. Yes, I care if the warning is on furniture, clothes, kitchen items or something that is in regular contact with my body. I went out of my way to purchase a couch that does not contain fire retardants and does not have these warnings. I am less concerned when these labels are on household...
by campy2010
Mon Jan 27, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: I saved my employer health insurance premiums, should I negotiate the salary?
Replies: 30
Views: 2011

Re: I saved my employer health insurance premiums, should I negotiate the salary?

There's nothing wrong about asking if the company has a policy on this but, Whom do you think I should ask? HR, direct managers, or both "in the same email"? Thanks I do think there are bad questions to ask managers and HR and I think that this is one of them. Yes, single people with no dependents ...
by campy2010
Sat Jan 25, 2020 9:16 am
Forum: Personal Investments
Topic: back door, mega back door opportunity and situation what to do...
Replies: 8
Views: 916

Re: back door, mega back door opportunity and situation what to do...

I set up a MegaBackdoor Roth in my FIdelity 401k recently and found that my plan allows for automated in plan conversions from after Tax -> Roth 401k. The specialist who set it up implied that more and more employer plans are automating the in-plan conversion process. In my mind, this greatly simpli...
by campy2010
Thu Jan 23, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How's my financial plan? - New Medical Resident
Replies: 22
Views: 1441

Re: How's my financial plan? - New Medical Resident

Congrats on having a solid plan. Two things: - Set up loans for PSLF program. You may not use the forgiveness but you can't get those years back if you want to go down that road. - Don't over save in retirement accounts. Remember you and your wife have to live and not just survive. Personally I thin...
by campy2010
Thu Jan 23, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 41
Views: 2948

Re: How much house can we afford?

Some decent assumptions. Only thing I would correct is that our current mortgage PITI is $2270/month. With today's mortgage rates and a $450k mortgage, seems like the new PITI would be somewhere around $2700-$2800/month. From the perspective of a person living in a HCOL area some of the recommendat...
by campy2010
Wed Jan 22, 2020 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your monthly expenses/overall financial picture?
Replies: 37
Views: 3622

Re: How do you track your monthly expenses/overall financial picture?

For investments, I have a simple spreadsheet where I manually update balances quarterly or sometimes monthly. I have some formulas that add the rows to totals. For expenses, I resurrected my abandoned Mint account recently, mostly so I can quickly review spending. Mint does the simple aggregation of...
by campy2010
Wed Jan 22, 2020 11:35 am
Forum: Personal Investments
Topic: Paying for College: Option 2, Am I Nuts?
Replies: 70
Views: 5826

Re: Paying for College: Option 2, Am I Nuts?

If you take away anything from this thread it should be that saving $10k/year for retirement isn't enough. Save for your retirement BEFORE saving for college OR paying off your mortgage. You haven't posted info about your retirement savings but based on your contribution rate I'll go so far as to sa...
by campy2010
Sun Jan 19, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11921

Re: to pre-nup or not?

Get married because you want to get married. And at that point, I think most reasonable older adults are ok with the idea of a pre-nup to protect pre-marital assets. But in your situation, I suggest buying a home using your income/assets and ask her to contribute to monthly expenses. In my mind, a c...
by campy2010
Wed Jan 15, 2020 3:28 am
Forum: Personal Investments
Topic: Backdoor Roth - should I convert or rollover my Trad IRA?
Replies: 54
Views: 3506

Re: Backdoor Roth - should I convert or rollover my Trad IRA?

If you were to rollover your $300 into your 403b then the pro rata rule would still apply until 2021. So yes, convert it and pay the taxes.
by campy2010
Wed Jan 08, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20544

Re: Living in a HCOL and making a middle class salary is a struggle

It is clear to me after a couple of posts that you don't like the suburban grind of Westchester. Why should you, you're 33 and living in the NYC burbs. And I find nothing charming about the NYC burbs. Based on your previous posts, you're on the path to being able to afford a house on your income. Bu...
by campy2010
Tue Jan 07, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11183

Re: How is your "number" defined?

I spend about $40-50k today and use $100k to model my retirement spending (2.5% inflation for 30 years). I like this calculator for very general estimates on the impact of savings. Adjust the savings amount per year and see how long it will last based on different inflation-adjusted incomes. https:/...
by campy2010
Sun Jan 05, 2020 10:29 pm
Forum: Personal Consumer Issues
Topic: Exercise machine for a small apartment
Replies: 56
Views: 3277

Re: Exercise machine for a small apartment

Depending on fitness level, spin bike + Peleton app subscription
by campy2010
Sun Jan 05, 2020 5:21 pm
Forum: Personal Investments
Topic: So what do I do with this 36K I have sitting here...?
Replies: 27
Views: 3450

Re: So what do I do with this 36K I have sitting here...?

Jack FFR1846 wrote:
Sun Jan 05, 2020 11:21 am
hwkns wrote:
Sun Jan 05, 2020 3:41 am

MCFGX - BlackRock Capital Appreciation Fund | ~700 shares (1.84%)
Holy Highway Robbery, Batman!
Should be renamed to Capital Depreciation Fund.
by campy2010
Sun Jan 05, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 3257

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

I was reading about this recently. The articles suggested that the housing market slows down during recessions because people become fearful of losing their income and avoid big purchases like houses.
by campy2010
Fri Jan 03, 2020 10:52 pm
Forum: Personal Consumer Issues
Topic: shopping used cars - prioritize miles or years?
Replies: 16
Views: 1785

Re: shopping used cars - prioritize miles or years?

Thanks to all for the input. Seems like there's quite a variety of opinion. I personally decided that age was a little bigger deal, figuring that in 10 years it wouldn't matter much if the car had 180k miles or 200k miles, but an extra year of aging might lead to more problems with components or we...
by campy2010
Wed Jan 01, 2020 9:00 pm
Forum: Personal Investments
Topic: Young Professional Roth 401k & related questions
Replies: 9
Views: 535

Re: Young Professional Roth 401k & related questions

I disagree. We as parents have much wisdom to hand down to our children. Throwing them into the lake to see if they swim or drown is not good parenting. Parents should not be helicopter parents micromanaging their children's financial lives. However, their steps through school and college are about...
by campy2010
Wed Jan 01, 2020 7:37 pm
Forum: Personal Investments
Topic: Young Professional Roth 401k & related questions
Replies: 9
Views: 535

Re: Young Professional Roth 401k & related questions

I don't want to sound harsh, but I think fathers should give their children space to figure this out on their own. If daughter asks then tell her to create an EF, contribute to her 401k and contribute to her Roth IRA. Make her do the legwork like someone posting here would. If she misses out on the ...
by campy2010
Wed Jan 01, 2020 12:01 pm
Forum: Personal Investments
Topic: Mega Backdoor Contribution % question
Replies: 20
Views: 1419

Re: Mega Backdoor Contribution % question

I set up a Mega Backdoor Roth this week after some feet dragging because of fear of the complexity. Turns out it took 5 minutes and Fidelity has made it super simple by automating the in-plan conversion. The last key question is whether the in-plan conversion from after tax to Roth 401k can be autom...
by campy2010
Tue Dec 31, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10909

Re: How much were you able to save this year?

In 2019, I was aiming for balance between spending vs savings. Evidently, I have some work to do on this in 2020. I have automated a 35% savings rate for 2020 through 401k, Backdoor Roth and Mega Backdoor Roth. Anything left I can spend. We'll see how it goes. Income: $137,000 Saving: $64,000 (47%) ...
by campy2010
Sat Dec 28, 2019 7:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1406
Views: 190044

Re: Post your Financial Milestone Announcements Here

I turned 40 this year and was hoping to see my investment balances hit $500k before turning 41. It seemed like a stretch goal because my net worth was less than $400k this time last year. This week, I made it with a month to spare.
by campy2010
Sat Dec 28, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: Skiing
Replies: 48
Views: 4636

Re: Skiing

Do a bit of reading on a non-finance forum about ski length. Shorter skis are more maneuverable and probably appropriate for day 1 skiing. Long-term you probably want skis that are appropriate for your height and for advancing toward an intermediate skill level. https://www.backcountry.com/explore/h...
by campy2010
Sat Dec 28, 2019 11:41 am
Forum: Personal Investments
Topic: Transfer TSP to Schwab [had 20% withholding]
Replies: 18
Views: 1271

Re: Transfer TSP to Schwab [had 20% withholding]

The TSP is an excellent low-cost custodian. Why not leave the money there?
by campy2010
Sat Dec 28, 2019 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Re: Housing Advice

I know people around here don't like to talk about market timing. But I disagree and say pay attention to where your market is going, especially if you have a flexible timeline. Right now, my HCOL housing market is cooling off and I've heard similar things are happening in CA. Watch the inventory an...