Search found 402 matches

by JoeJohnson
Mon Aug 26, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Recommendation for handheld, CORDED vacuum cleaner please.
Replies: 3
Views: 395

Re: Recommendation for handheld, CORDED vacuum cleaner please.

Have had good experience with the EUREKA EasyClean Lightweight Handheld Vacuum Cleaner, Hand Vac Corded, 71B
by JoeJohnson
Tue Aug 13, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Lawn mower
Replies: 25
Views: 2238

Re: Lawn mower

Bacchus01 wrote:
Tue Aug 13, 2019 7:27 pm
Whatever you do, get a branded engine (KOHLER, Honda, Briggs).

Do not buy private-label Chinese junk made for Toro and others Fromm loncin, RATO And Zongshen.
Some Briggs are not made in the US
by JoeJohnson
Tue Aug 13, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1208

Re: Breaking a mortgage rate lock

Thanks for your thoughtful words. We sent him a mail saying we are withdrawing. He responded back saying he is disappointed and guaranteeing that loan is in underwriting and will close in 2 weeks. I am not going to respond. He came across as a nice person who was clear with his initial communicatio...
by JoeJohnson
Mon Aug 12, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rate Reduction or Refinance
Replies: 14
Views: 677

Re: Rate Reduction or Refinance

Silk McCue wrote:
Mon Aug 12, 2019 5:21 pm
No way would I start over at 30 years again. That would be deflating. The goal is to pay it off.

Cheers
Refi to 30 years and pay additional principal each month to make the loan duration shorter.
by JoeJohnson
Thu Aug 08, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Money Market and CD rates - what does it mean?
Replies: 8
Views: 796

Re: Money Market and CD rates - what does it mean?

5 year CD rates are higher than MM

Marcus 2.8%
Ally 2.65%
American Express 2.55%

Also check small, local banks and credit unions.
by JoeJohnson
Wed Aug 07, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Does Marcus Bank have an iPhone App?
Replies: 4
Views: 379

Re: Does Marcus Bank have an iPhone App?

No app. Their website is mobile friendly and fully functional. No need for an app.
by JoeJohnson
Sun Aug 04, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 4913

Re: Are all models of Toyota generally considered reliable?

My last Toyota, and believe me it may be my last: Frame corrosion recall although this is a warranty issue they charge for everything that is incidentally replaced during frame replacement ( btw, can you imagine having your vehicle frame replaced??? ) Other repairs: $1300 Mass airflow sensor failur...
by JoeJohnson
Sat Aug 03, 2019 6:21 am
Forum: Personal Consumer Issues
Topic: Older used car with low miles or newer used car with higher miles
Replies: 37
Views: 2264

Re: Older used car with low miles or newer used car with higher miles

The book "Drive it Forever" said that engine life is measured in the number of cold starts. The carfax will tell you something about the car's history, like whether the car spent its life in a cold or warm climate. Cold starts just mean the engine isn't at operating temperature. All climates will b...
by JoeJohnson
Sat Jul 27, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4709

Re: How much to save?

That has to be one of the silliest charts I've seen. So, 10 years from retirement we should be saving 65% of our income?? Okay.... You didn’t understand the chart. If you want to retire in 10 years starting from 0, you would need to save 65%. I just said that right above you. :wink: still not sure ...
by JoeJohnson
Sat Jul 27, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4709

Re: How much to save?

That has to be one of the silliest charts I've seen. So, 10 years from retirement we should be saving 65% of our income?? Okay.... I have no idea what percentage DW and I save of our incomes. We pay ourselves first, pay the bills, keep food in the fridge and the lights on, spend some on things we l...
by JoeJohnson
Sat Jul 27, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4709

Re: How much to save?

1/3 to taxes 1/3 to expenses 1/3 to savings This will overachieve for most goals. Which is a goal that will likely take some time to achieve. I didn't start out that way, and most people can't. Taxes and savings were lower but expenses were much higher. Ratchet down over time and you will find your...
by JoeJohnson
Fri Jul 26, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Quelling Car Fever
Replies: 57
Views: 3121

Re: Quelling Car Fever

fortfun wrote:
Fri Jul 26, 2019 4:31 pm
That 24.5k could turn into 427k in 30 years with the S&P average. That would do it for me :) In 30 years, would you rather have the car or a half a million?
Image
Good shock value, but purchase price extrapolated over 30 yrs is not the correct number to use.
by JoeJohnson
Tue Jul 23, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Thank you notes,,, out of favor these days?
Replies: 107
Views: 5797

Re: Thank you notes,,, out of favor these days?

Frankly it pisses me off when I don't get a thank you note. I tape graduation announcements to a window when I send a monetary gift. When a thank you note comes, the person is hen taken down. When school starts in the fall, I just look at the ones still taped to the window and wonder if they were g...
by JoeJohnson
Sun Jul 14, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7029

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

I have an upcoming trip, so I tried to redeem my $900 voucher. I clicked the link in the email and it says the available balance is $0. I contacted the 3rd party voucher firm and they said they would inform Google as it is on their end. I'm not sure what is going on. I figure it could be 1) someone...
by JoeJohnson
Fri Jul 05, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 3025

Re: Refi at this rate?

No, I wouldn’t. I just did a 30yr at 3.5%. All that interest rate risk for 0.06%? Pass! Search for the relationship mortgage thread. Rates are very location dependent. We are in process of 3.5% for 30yr as well, but ARMs are actually more here, not less. The general trend in my locale is local cred...
by JoeJohnson
Thu Jun 27, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: TransUnion website alert️!
Replies: 14
Views: 1351

Re: TransUnion website alert️!

I had an account last year in March 2018. Unfroze credit to apply for mortgage. Now: refinance and lender tells me to unfreeze even though it shouldn't be frozen. Forced to create a new account similar to OP. Try to unfreeze online. Won't work. Get transferred a few times. Turns out the unfreeze fro...
by JoeJohnson
Tue Jun 25, 2019 10:15 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7029

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

I have an upcoming trip, so I tried to redeem my $900 voucher. I clicked the link in the email and it says the available balance is $0. I contacted the 3rd party voucher firm and they said they would inform Google as it is on their end. I'm not sure what is going on. I figure it could be 1) someone...
by JoeJohnson
Tue Jun 18, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: A thought on mortgage payoff vs investing
Replies: 27
Views: 3163

Re: A thought on mortgage payoff vs investing

I really have a hard time understanding why anyone would hold bonds paying < 1% real terms rather than pay back his mortgage that is bleeding 3%. At least there is a good probability that his home will appreciate to match inflation. No bonds at all? OK 100% stocks and some bleed into that irritatin...
by JoeJohnson
Mon Jun 10, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 7424

Re: Do you drive old cars for long distance travels?

We usually choose to rent when going on longer trips. The potential cost and disruption of a breakdown are too burdensome. Rental rates are usually decent. If you breakdown in a rental, it's on the company to manage the headache. They get you back on the road asap. Decreased risk of missing importan...
by JoeJohnson
Sat Jun 08, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: ReFi home to get 3.5% interest rate?
Replies: 31
Views: 3207

Re: ReFi home to get 3.5% interest rate?

I would wait as the economy appears to be cooling, the Fed will probably cut rates in July, and your uncertainty at timeframe for staying in home. A simple but not precise way to look at it is divide the cost by the savings in payment and that is number of months to recover costs. As far as the Fed...
by JoeJohnson
Mon Apr 29, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: The wisdom of prepaying notes (car, home, etc.)
Replies: 38
Views: 2871

Re: The wisdom of prepaying notes (car, home, etc.)

While interest percents are very important, sometimes the dollar amount affects a decision. With the car loan, if held for 84 months, the interest will be just over $9,000. That’s hard to wrap the mind around. You can buy a serviceable car for that much. Dollar values aren't a great metric. A house...
by JoeJohnson
Tue Apr 16, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Switch auto insurance?
Replies: 18
Views: 1876

Re: Switch auto insurance?

runner3081 wrote:
Tue Apr 16, 2019 5:27 pm
jeff622859 wrote:
Tue Apr 16, 2019 3:38 pm
I have heard nightmares that after your HO insurance pays out a claim they either significantly increase your premium the next year
Many will do this... even without a claim!
Confirmed! Mine just went up 27%. Now I have to spend time shopping around to find a better rate.
by JoeJohnson
Tue Apr 16, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job to Spend Time with Disabled Spouse?
Replies: 13
Views: 1876

Re: Leave Job to Spend Time with Disabled Spouse?

It would appear you have more than enough. The pensions and SS and Medicare will make it even easier.
by JoeJohnson
Tue Apr 16, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How would you handle work situation?
Replies: 16
Views: 1438

Re: How would you handle work situation?

Why did you "expect" to get promoted in March? Was it promised? Vaguely discussed? How many years have you been Level 2? It's very difficult to get promoted at my company unless you take on a different role i.e. training to replace somebody is not sufficient. The promotion would happen when that oth...
by JoeJohnson
Wed Mar 06, 2019 10:09 pm
Forum: Personal Consumer Issues
Topic: Progressive Homeowner's Insurance?
Replies: 9
Views: 912

Re: Progressive Homeowner's Insurance?

We have home and auto bundled through Progressive. The home is though American Strategic Insurance Corp (ASI). Progressive bought ASI in 2015. We have yet to need the insurance, but they were helpful when I talked to them during the application/quote process. https://www.americanstrategic.com/about-...
by JoeJohnson
Wed Mar 06, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages
Replies: 34
Views: 3185

Re: Mortgages

Isabelle77 wrote:
Wed Mar 06, 2019 4:54 pm
We're refinancing into a 30yr and locked in a 4.375% this week through Costco's program. 0 points, no appraisal fee, and $250 closing costs.

The 15yr we were quoted was 3.99%.
There are better deals available
by JoeJohnson
Wed Mar 06, 2019 11:23 am
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 11289

Re: Best Car Values

What truck are you getting for $6k? A 10 year old Ford Ranger with a manual transmission and no 4WD is over $7k here Depreciation curves are rather linear for Toyota/Honda. The only big financial incentive is when you do your own maintenance and/or you get a lot of value out of miles 150k-200k. Ther...
by JoeJohnson
Sun Mar 03, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: How much does owning vehicles (cost/month)
Replies: 53
Views: 4008

Re: How much does owning vehicles (cost/month)

We sold DW's Odyssey over a year and a half ago. We owned it for almost exactly 100 months. We tallied depreciation, repairs (less than $500), standard maintenance--oil changes, brakes, tires, insurance, tags, etc. We did NOT include gas as that was highly variable during ownership. We bought new f...
by JoeJohnson
Fri Mar 01, 2019 7:04 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 7029

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

1. Click the redemption link above to activate your travel credit. 2. Next, redeem your balance of travel gift card(s). You can choose a combination of retailers, or even share with a friend–just input the name and email address you'd like to send the gift card to. 3. Enjoy your travels with Google ...
by JoeJohnson
Sun Feb 24, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 13596

Re: Is Hyundai the value sweet spot?

I'm recommending against Hyundai. Or at least, the 6th generation Sonata. Or at least the 2.4 liter 6th generation Sonata. The MPG is terrible. There was a known scandal where Hyundai's testing did not match up with EPA standards, and most customers could not achieve the stated MPG's. I'm averaging...
by JoeJohnson
Sat Feb 23, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Return rejected by IRS (anyone seen "processing issues" from HR Block?)
Replies: 22
Views: 3319

Re: Return rejected by IRS (anyone seen "processing issues" from HR Block?)

I'm completely guessing here, but with such a specific date listed I would guess it's some type of software issue that they are patching. The issue could be in H&R, the gov't, both, or it could even be an issue with a specific IRS form that needs to be updated by the government. Again, totally guess...
by JoeJohnson
Sun Feb 17, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 309
Views: 26845

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

Individual tax prep costs are no longer deductible on federal tax returns. I thought so too, or does that apply for this year for filing in 2020? Many of us bought our programs in 2018. https://i.postimg.cc/zXR5DpmR/TaxPrep.jpg Seems like they just left the software in place even though tax prep fe...
by JoeJohnson
Sun Feb 17, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 404
Views: 53520

Re: Losing a job in your 50's...

Folks, There is another problem that is not mentioned in this thread yet: student loan. My peer's daughter is a National Merit Finalist. She had a full-ride scholarship to UVA. But, she wants to go to Northeastern? Instead. So, instead of a fully-paid Bachelor degree, the parent (my peer) have to t...
by JoeJohnson
Sun Feb 17, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 309
Views: 26845

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

Well my frugality meter is broken. I've been engaging in deep work for the past 14 months which have probably been the most productive and fruitful of my life. Cal Newport has stated that great intensity comes with deep work and I believe it. I'm paying the $20 to file state because I don't have th...
by JoeJohnson
Sun Feb 03, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 20364

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

Why are those reliability ratings not measured in dollars? JD Powers gives you a integer number below 11, but what you really want to know is how much it's going to cost you. I once bought a new Neon that ended up having a bad reliability rating. The bad reliability was a black dot in Consumer Repo...
by JoeJohnson
Thu Jan 31, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Mortgage interest
Replies: 7
Views: 965

Re: 2018 Mortgage interest

Your fiance doesn't have a mortgage, you do. You can deduct 100% assuming you can actually itemize. Cheers Fiance owns the house. If they help pay the mortgage, fiance can deduct their share of interest paid. https://ttlc.intuit.com/questions/4121037-name-on-deed-but-not-on-mortgage-i-pay-part-of-t...
by JoeJohnson
Tue Jan 29, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Major employer changes, what to do?
Replies: 19
Views: 1841

Re: Major employer changes, what to do?

Your fears are real. If they are centralizing and trying to cut costs, there will be a reduction in job bands at some point; either through attrition or layoffs. Are all the brands and accounting currently located in the headquarters city? Or are there also worries that accounting function may disap...
by JoeJohnson
Sat Jan 26, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: $158k Income and 0 federal income tax
Replies: 40
Views: 7086

Re: $158k Income and 0 federal income tax

OP, Please explain why this is a problem? It is a refundable tax credit. So, the government pays you even if your tax bill is zero. <<Total Tax Owed - $1,537 ( I could optimize this to 0 with some employee 401k deductions, but if i do too much, I will hit the 0% marginal tax rate from child tax cre...
by JoeJohnson
Fri Jan 25, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the "last" car before electric vehicle
Replies: 52
Views: 4681

Re: Thoughts on the "last" car before electric vehicle

One of the original questions was regarding new vs used vs very used.a At 5k miles per year, there is 0% chance I would buy a new car. Buy something with quite a bit of mileage since you won't be putting miles on the car. A three to four year old car with 45-60k miles should be a sweet spot for your...
by JoeJohnson
Fri Jan 25, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: $158k Income and 0 federal income tax
Replies: 40
Views: 7086

Re: $158k Income and 0 federal income tax

You can also set up an S Corp to trim down your FICA and income on earnings. Doing 50/50% in payroll and deduction is, as I understand, pretty standard. There's also business expenses you can deduct. A good way to get the IRS sniffing around is by setting up an S Corp for a profitable consulting ve...
by JoeJohnson
Mon Jan 07, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union 40 Month IRA CD 3.75%
Replies: 8
Views: 1668

Re: Navy Federal Credit Union 40 Month IRA CD 3.75%

Was taking a look at this to see if it is worth the hassle... looks like they also have a $100 first IRA bonus with a minimum of $100? All looked good until I checked out this page: https://www.navyfederal.org/products-services/checking-savings/iras.php Their table that says If you're covered by a ...
by JoeJohnson
Sat Dec 29, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1535

Re: Do Roth distributions affect MAGI?

If you're older than 59 1/2 and you've had the account more than five years, nothing you withdraw from a Roth is taxable. If Roth A was held for 5 years and Roth B for 3 years, would the earnings of Roth B be taxable for someone 60+? Nope. Both are treated as one account i.e. Roth is 5 years old an...
by JoeJohnson
Fri Dec 28, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Value of Legacy vs. Altima?
Replies: 13
Views: 515

Re: Value of Legacy vs. Altima?

I would be okay with a mediocre car. My main concerns are safety and reliability at a good value. If you go with the Altima, make sure you budget $3K - $4K for a new CVT transmission within the first 80K miles. That transmission is notoriously unreliable. Get an extended warranty if the risk is so ...
by JoeJohnson
Fri Nov 23, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: CD vs Auto loan payoff
Replies: 19
Views: 1119

Re: CD vs Auto loan payoff

This thread is eye opening that some BHs are advocating that interest earned on a lower rate CD is financially better than paying down higher interest consumer debt. A lot of weird math/thinking going on. :oops: The only thing that matters is which one has the higher interest rate. The rate of payin...
by JoeJohnson
Fri Nov 23, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: CD vs Auto loan payoff
Replies: 19
Views: 1119

Re: CD vs Auto loan payoff

Your math analysis does not consider the fact that once the loan is payed off you will be putting the equivalent of the monthly into a high yield savings or something like a Vanguard Prime Money market VMMXX (current yield 2.12 after .16 ER) which is likely to rise if rates continue to increase. Ch...
by JoeJohnson
Sun Nov 18, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Black Friday 2018
Replies: 123
Views: 16125

Re: Black Friday 2018

Looking at QLED and OLED TV’s, but may wait until January before super bowl, I have read that the best time to buy a TV is before the super bowl. Do you have a Citi card with price protection? You can buy and it gives (I think) 60 days where if there's a better price they will credit it. Word of ca...
by JoeJohnson
Sun Nov 18, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 8115

Re: Why do people think CD rates will keep going up?

I'm thinking of putting 50k in a 5 year 4% CD that will pay off my mortgage in 5 years, when I hope to retire. This will just help with cash flow in retirement. Many seem to think this is a poor idea. (Mortgage is 3%). Since you can get CDs that yield more than 3%, there is little to be gained by p...
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: 1817

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: 3962

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: 1173

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...