Search found 355 matches

by JoeJohnson
Wed Nov 07, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Double-check your contributions to tax-advantaged accounts this time of year
Replies: 15
Views: 1718

Re: Double-check your contributions to tax-advantaged accounts this time of year

This is a friendly reminder that it may be a good time of year to double-check your contributions to tax-advantaged accounts to make sure you will contribute as much to them as you desire. For instance, I need to adjust my HSA contributions because the contribution limit changed after I last adjust...
by JoeJohnson
Mon Nov 05, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Lock mortgage rate at 5%?
Replies: 34
Views: 3710

Re: Lock mortgage rate at 5%?

I just locked at 5.375, 30 years, 20% down. I had the options to buy down the rate to 4.75 at a cost of $3,800. I asked why the rate was higher than I'd seen online. Was told it was because other lenders hadn't added in other miscellaneous costs, but in the end, rates would be similar. This is a re...
by JoeJohnson
Sun Oct 21, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Yield curve impact on mortgages
Replies: 12
Views: 1138

Re: Yield curve impact on mortgages

I'm typically a 15-year mortgage kind of guy. I've had two houses with 15-year mortgages and I prefer the larger payment and less total interest paid. I feel like when I bought previous houses, the rate on a 15-year was much better than on a 30-year. I got my 15-year for 3.25% but I remember 30-yea...
by JoeJohnson
Fri Oct 19, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8983

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I still don’t understand why inflation matters. It’s a fixed payment no matter what. From the minute you purchased you locked in the cost of your home. That does not change if you pay it off or not. Either way you have to pay it, and who cares if it’s x percentage less of your take home pay in the ...
by JoeJohnson
Thu Oct 18, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8983

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I still don’t understand why inflation matters. It’s a fixed payment no matter what. From the minute you purchased you locked in the cost of your home. That does not change if you pay it off or not. Either way you have to pay it, and who cares if it’s x percentage less of your take home pay in the ...
by JoeJohnson
Sun Sep 09, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9617

Re: Bored

I'm curious why 50/50 AA while paying mortgage?
by JoeJohnson
Thu Aug 23, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Used/New car - Help decide please
Replies: 46
Views: 2317

Re: Used/New car - Help decide please

I would also buy used with some remaining warranty (under 36000 miles) I have bought many ex-rental cars from Enterprise Rental through the auction and have found them to be well maintained. You might check with a Enterprise Rental office near you for used cars. But does the warranty carry over to ...
by JoeJohnson
Mon Jul 16, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 3233

Re: Would you pay $120 for a 5 year dishwasher warranty?

No, because if I thought that there were a good chance a dishwasher would need repair or replacement within five years, I wouldn't buy it in the first place. That's a rather weird way to think about a warranty. If I offered you the warranty for $1 you would refuse because you expect there's a littl...
by JoeJohnson
Mon Jul 16, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 3233

Re: Would you pay $120 for a 5 year dishwasher warranty?

No. Two reasons. 1) I can afford to replace if something goes wrong. 2) My assumption is that the warranty company calculated the price of the warranty to exceed the expected costs they will end up paying out to customers. Why would I pay for something that is negative expected value when I can easi...
by JoeJohnson
Sat Jul 07, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 6379

Re: Going solar?

vg55 wrote:
Fri Jul 06, 2018 9:21 pm
According to https://www.fueleconomy.gov the chevy volt will save me $ 6,500 / year vs. my 2004 Honda Accord. This has been an enjoyable expenditure / investment for me.
$6,500? Perhaps you meant $650?
by JoeJohnson
Fri Jun 29, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Youtube TV Yet?
Replies: 42
Views: 4317

Re: Anyone Tried Youtube TV Yet?

One question I have with cord cutting is does one hit the data limits. I have ATT uverse and there is a maximum data download limit per month. 1 Tb ? Not sure with you tube TV bandwidth usage. Family generally sees 4 hrs/day of TV a day averaged over a week. I've never gone over my 400GB limit and ...
by JoeJohnson
Fri Jun 29, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Youtube TV Yet?
Replies: 42
Views: 4317

Re: Anyone Tried Youtube TV Yet?

four7s wrote:
Fri Jun 29, 2018 4:38 pm
I'd love to cut the cord, too. How is the Youtube TV reception when streamed using Roku 3?
Works well for me on Roku 3 I purchased years ago
by JoeJohnson
Sun Jun 17, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6310

Re: Lost job. Take early SS or draw from accounts?

She should take advantage of being in a low tax bracket this year if she does not get a good job later in the year and convert some of her tax deferred retirement account to a Roth. And use her taxable account as her spending money source. That is the advice I gave my sister several years ago when ...
by JoeJohnson
Sat Jan 06, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 15057

Re: Ally Bank 12 month CD now 2.00%

After the promo expired, Ally set the rates for the 12-month CD at 1.35/1.55/1.70. So it looks like Ally is using these rates for the CDs you opened, maybe because they were funded after the promo expired? Yes it's based on funding date. The rate should correct after 10 days due to their rate guara...
by JoeJohnson
Mon Jan 01, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Maxing Out IRA in January and Paycheck Schedules
Replies: 3
Views: 355

Re: Maxing Out IRA in January

You can front load if you're confident you'll earn enough compensation this year :sharebeer
by JoeJohnson
Fri Dec 29, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Long-term cost of ownership: 1996 Honda Civic
Replies: 16
Views: 1655

Re: Long-term cost of ownership: 1996 Honda Civic

Your fuel mileage experience seems to be reasonable

http://www.fuelly.com/car/honda/civic/1996
by JoeJohnson
Wed Dec 27, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 401K contributions beyond 12/31/2017 deadline?
Replies: 1
Views: 337

Re: 2017 401K contributions beyond 12/31/2017 deadline?

Unfortunately not.

Funding the full amount makes sense if you can afford it and it makes sense to your personal circumstances. The limit goes to $18,500 next year FYI
by JoeJohnson
Fri Dec 22, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65046

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

One work around I use on the large threads that I'm interested in is to make a note of the last post (by date and time) that I have read. When I log in and pick up reading the thread, I pretty well know where I left off, start from there and move forward. The forum will link you directly to where y...
by JoeJohnson
Fri Dec 22, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65046

Re: Tax Bill Omnibus Thread

The online calculators that I tried were totally wrong. They had no clue about qualified dividends and tax credits, so had me paying about 3 times more in taxes than my actual taxes will be. I will take the standard deduction in 2017 and in 2018, so all this bunching stuff doesn't matter to me eith...
by JoeJohnson
Wed Dec 20, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Large US Bank tracking cash transactions @$500 & over
Replies: 4
Views: 1603

Re: Large US Bank tracking cash transactions @$500 & over

There was a notice on my estatement this month regarding these changes. More info: https://www.usbank.com/splash/checking/ ... ansactions
by JoeJohnson
Tue Dec 19, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fill-up 25% bracket for Roth Conversion?
Replies: 13
Views: 1126

Re: Fill-up 25% bracket for Roth Conversion?

Does pension have COLA?
by JoeJohnson
Tue Dec 19, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Fill-up 25% bracket for Roth Conversion?
Replies: 13
Views: 1126

Re: Fill-up 25% bracket for Roth Conversion?

What do you propose is the benefit of said move? Any state income tax implications?
by JoeJohnson
Tue Dec 12, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 61
Views: 11395

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

Thanks for posting. They have converted a lifelong Turbo Tax user for at least one year.
by JoeJohnson
Sat Dec 09, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 6963

Re: I am buying a car: Most/Least Reliable Makes?

Steven in NC wrote:
Sat Dec 09, 2017 10:14 am
...There is ALWAYS something needing expensive attention...
Such as? Every car needs general maintenance; regardless of brand.
by JoeJohnson
Sat Dec 09, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 6963

Re: I am buying a car: Most/Least Reliable Makes?

I assume you are not looking for anecdotal evidence since that is not very useful. JD Powers publishes annual studies of reliability. Currently Kia and Hyundai rank highest followed by GM and BMW. Toyota is average. Honda/Acura/Lexus below average. http://www.jdpower.com/press-releases/2017-us-init...
by JoeJohnson
Fri Dec 08, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 6963

Re: I am buying a car: Most/Least Reliable Makes?

http://www.jdpower.com/ratings/study/Vehicle-Dependability-Study-%28VDS%29-by-Make/1881ENG 2017 Vehicle Dependability Ratings & Awards Award Recipients by Category Small Car 2014 Chevrolet Sonic Compact Car 2014 Toyota Prius Midsize Pickup 2014 Honda Ridgeline Midsize Sporty Car 2014 Chevrolet Cama...
by JoeJohnson
Sun Nov 26, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease Gotchas
Replies: 41
Views: 5159

Re: Car Lease Gotchas

My MIL passed away four months into a lease and Honda will not take the car back or make any concessions. It is well below the mileage allowance. Most people I tell about this are surprised to hear this is how most leases work. Sell the lease to somebody else. There are websites specifically design...
by JoeJohnson
Sun Nov 26, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease Gotchas
Replies: 41
Views: 5159

Re: Car Lease Gotchas

Cost of tires on a lease shouldn't be a factor. If an inspector deems that there is no meat left on the tires of your lease return, he would probably have that same report on a car you own. It's not like you need to return a leased vehicle with at least 50% life left on the tires... :mrgreen: It's ...
by JoeJohnson
Sun Nov 26, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 19
Views: 2606

Re: Trying to avoid ACA Subsidy failure!

I shelter my income by contributing the max to an HSA ( best choice since we can pay med expenses now and reimburse later) , then 403 b and traditional IRA to keep our MAGI under the ACA subsidy cap. Can anyone ... offer suggestions to reduce MAGI by $4300. You probably know this, but in case you d...
by JoeJohnson
Sun Nov 26, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 19
Views: 2606

Re: Trying to avoid ACA Subsidy failure!

Just got a clarification - I guess - from BCBS - Plan 201 will not qualify cuz 2018 Out of pocket will be $6550 rather than the necessary $6650. Reconsideration for Plan 204 where out of pocket will be $7350 and therefore appears to be ok. This may mean I can continue to contribute to the HSA and r...
by JoeJohnson
Sat Sep 30, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 5492

Re: Two year lease vs Buy and hold 10 years. A wash?

A lot of fudged math in this thread; in particular in favor of the lease. Bottom line is that leasing will, on average, be more expensive over a 10 year period. The difference isn't as large as most BHs would think. Rare instances where there is some perverse incentive (e.g. electric tax credits) l...
by JoeJohnson
Sat Sep 30, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 6210

Re: My first promotion without a pay increase

If the company wants to take more piece of our lives as in the case of getting promoted (AKA now you sell time, energy and responsibility) at the same salary then you are selling more at the same price. Promotion should equal to more $$, otherwise it is just additional responsibility on you (now th...
by JoeJohnson
Sat Sep 30, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Two year lease vs Buy and hold 10 years. A wash?
Replies: 54
Views: 5492

Re: Two year lease vs Buy and hold 10 years. A wash?

A lot of fudged math in this thread; in particular in favor of the lease. Bottom line is that leasing will, on average, be more expensive over a 10 year period. The difference isn't as large as most BHs would think. Rare instances where there is some perverse incentive (e.g. electric tax credits) le...
by JoeJohnson
Sat Sep 09, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 387
Views: 47018

Re: Name something you had to have and now you regret purchasing it?

Education: specifically private college vs state. Tens of thousands of dollars worth of a mistake, but I was young and naive. :oops: Electronics: Nearly $2k on a 55" TV in 2008. For what it's worth, it's still the same TV I use today so it's current cost has been $222/yr. TV recently stopped working...
by JoeJohnson
Tue Jul 04, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 22122

Re: Are you finding any good values at Amazon anymore?

My non-Prime orders tend to arrive rather quickly. It's almost always on the quick end of their estimate rather than taking "weeks" :sharebeer
by JoeJohnson
Sat Jun 24, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 4715

Re: For Sale By Owner HOUSE- Advice Please

Is there a reason why the market is hot in SD?
by JoeJohnson
Sat Jun 24, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Google Fi? pros/cons? anyone using it?
Replies: 53
Views: 7740

Re: Google Fi? pros/cons? anyone using it?

Anyone using Google Fi? any reviews? pros/cons? https://fi.google.com/signup Thanks. _ Sprint and T-Mobile in my area are top competitors for worst service. I can't imagine a combination of the networks would be great. I tried Sprint when they offered to 1/2 my bill... Every morning, I would get a ...
by JoeJohnson
Sat Jun 24, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 7681

Re: What is your car's average cost ownership?

ddurrett896 wrote:For the average American, if you drive under 9,000 miles per year - it's more cost effective to use UBER.
Would love to see the math including rental cars for longer trips. It's $1.5-$2 per mile for trips here in my medium COL town. Doesn't add up to being cost effective as others have mentioned.
by JoeJohnson
Sat Jun 24, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Worthwhile TV programming?
Replies: 55
Views: 5623

Re: Worthwhile TV programming?

delamer wrote:PBS has very good documentaries, and some excellent historical and regular fiction.
Agree. Bonus for the OP, they have a Roku app to stream many of said shows.
by JoeJohnson
Sun Jun 04, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 13231

Re: What Do You Pay for an Oil Change?

I just paid $110 for a synthetic oil change at jiffy lube. While it stung slightly, I can swing by on a weekend and not make an appointment. I don't drive much so only get one every 6-9 months. Define "...don't drive much..." If you don't drive much, you likely don't need to change your oil every 6...
by JoeJohnson
Sat May 13, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 39
Views: 9049

Re: Beware Citibank Bonus Promotion

Did the $400 bonus last fall and everything went smoothly. Experiences vary wildly.
by JoeJohnson
Sat Apr 29, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for a new role with same employer - salary negotiation
Replies: 17
Views: 2452

Re: Applying for a new role with same employer - salary negotiation

The companies I have been in strive to keep folks within 85-115% of the midpoint. For example, range 50-100k. Mid = 75k.

They ideally keep people between $63,750 (85%) and $86,250 (115%). There are, of course, exceptions, but more often than not people don't venture far outside that window.
by JoeJohnson
Sat Nov 19, 2016 10:25 am
Forum: Personal Consumer Issues
Topic: Help me figure out the running cost of having winter tires
Replies: 42
Views: 7272

Re: Help me figure out the running cost of having winter tires

The running cost can actually be negative in certain situations. The tires for my car's stock 19" wheels are rather pricey. 17" winter tires are so much cheaper for this car that I will break even after 8 years of ownership vs. using only the stock setup. Beyond that I'll be saving money. Fewer mil...
by JoeJohnson
Tue Aug 16, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: buying used car smarter than buying new?
Replies: 89
Views: 7347

Re: buying used car smarter than buying new?

Especially if you have excellent credit, new (or late model) auto loan financing has very low interest rates. It can make a lot of sense to finance a car purchase so you can reduce other consumer credit balances and/or fund longer term investmnts. I can get a 2014 SUV for about $18,500. The compara...
by JoeJohnson
Sun Aug 14, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Better to sell house ~ every 15 years?
Replies: 50
Views: 7869

Re: Better to sell house ~ every 15 years?

During my morning walk I am absolutely amazed at the army of service vehicles parked on the street. This is a 1970's era neighborhood with homes in the $400,000 - $600,000 range in a medium cost of living area (south east Texas). -plumbers -painters -foundation repair -landscape -window replacement...
by JoeJohnson
Sat Aug 13, 2016 11:36 am
Forum: Personal Consumer Issues
Topic: Talked myself out of buying a new car. What do you think
Replies: 31
Views: 3768

Re: Talked myself out of buying a new car. What do you think

But realistically the difference in cost of operation between the two cars is going to be a couple hundred dollars/year. Yes you pay more for the 2013 now. But in say 2020 when you replace the 10 year old model, you will pay a lot more during that year. Up to you to decide if that is a lot of money...
by JoeJohnson
Sat Aug 13, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: Talked myself out of buying a new car. What do you think
Replies: 31
Views: 3768

Re: Talked myself out of buying a new car. What do you think

Why is the Equinox a bad auto. That and it got unbelievably poor gas mileage for a 4-banger. We got 12.5mpg on the first tank. I put the trans in manual mode and granny-shifted for the entire 2nd tank, which got us to 14.2mpg. Tire pressure was fine and the vehicle was in good working condition . I...
by JoeJohnson
Sun Aug 07, 2016 2:56 pm
Forum: Personal Consumer Issues
Topic: Advice on purchasing a new Honda CRV
Replies: 26
Views: 3946

Re: Advice on purchasing a new Honda CRV

The dealers don't care whether or not you finance the car as they get paid either way. If Honda is offering 0% (I know Subaru and Nissan are right now) I would certainly take it. Start by asking for quotes over the web (from Honda's site) from many different dealers in your area - this lets them al...
by JoeJohnson
Sun Aug 07, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 8802

Re: has anyone wished they worked one or two more years

Yes. I retired at 62 after working 34 years. I should have worked 1 more year as SS retirement benefit is calculated using 35 years of salary. However the life is much better. I do not think I will work anymore. No regrets. There are significant diminishing returns to SS. High earners such as those...
by JoeJohnson
Sun Aug 07, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Career advice please- look for a new job?
Replies: 13
Views: 2200

Re: Career advice please- look for a new job?

To give you perspective from my megacorp in Midwest LCOL area

Senior: around $70k incl bonus
Senior II: around $80k
Lead: $100k
Manager: $120k+bonus

If you have 10 years experience or more, I would think you should be able to find a position earning 6 figures.