Search found 362 matches

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: 1188

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: 1483

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: 494

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: 1045

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: 1045

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: 15216

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: 7911

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: 1768

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: 3825

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: 1149

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: 9128

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: 9128

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: 9667

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: 2352

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: 3285

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: 3285

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: 6469

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: 4355

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: 4355

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: 6348

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: 15188

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: 357

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: 1666

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: 347

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: 65837

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: 65837

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: 1775

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: 1144

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: 1144

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: 11738

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: 7120

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: 7120

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: 7120

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: 5222

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: 5222

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: 2627

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: 2627

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: 5521

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: 6287

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: 5521

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: 444
Views: 54728

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: 22339

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: 4838

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: 8009

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: 7949

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: 5753

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: 13404

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: 9505

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: 2477

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: 8126

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...