Search found 428 matches

by JoeJohnson
Sat May 30, 2020 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 35776

Re: Car Dealers not really wanting to make a deal

I am RAV4 Prime curious. What's your guesstimate for OTD price? And what is the fed credit expected to be - $7500? Not sure how far Toyota is to 200k ecars I read somewhere $37XXX to start but can't find the source and it almost certainly wasn't official information, as there would be a Toyota pres...
by JoeJohnson
Fri May 15, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Good Time to Buy New Car or Wait?
Replies: 38
Views: 3668

Re: Good Time to Buy New Car or Wait?

look for used as well. I bought a used 1 yr old car with 8K miles on it, still under full warranty for 25% off. The better deals right now are on used cars. 25% off MSRP? Or 25% off negotiated price of a new vehicle? 25% off MSRP wouldn't be impressive on many vehicles given MSRP is inflated and no...
by JoeJohnson
Thu May 14, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Good Time to Buy New Car or Wait?
Replies: 38
Views: 3668

Re: Good Time to Buy New Car or Wait?

look for used as well. I bought a used 1 yr old car with 8K miles on it, still under full warranty for 25% off. The better deals right now are on used cars. 25% off MSRP? Or 25% off negotiated price of a new vehicle? 25% off MSRP wouldn't be impressive on many vehicles given MSRP is inflated and no...
by JoeJohnson
Sun Apr 26, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8198

Re: Payoff house and quit good-paying job?

You work as an auditor at Big 4 accounting firm. I understand why you hate the job. Get your CPA and then go find a different accounting role. One that is 40 hrs a week. One where there is way less pressure. You aren't the first to hate public accounting. You won't be the last. It takes a special ki...
by JoeJohnson
Sat Apr 25, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: DIY Auto Detailing Products
Replies: 29
Views: 1470

Re: DIY Auto Detailing Products

All these products are excellent. You might consider Nu Finish car polish as your wax. It lasts for a long time and has served my cars well. I wholeheartedly recommend clay bar treatment as well. I had no idea how much dirt won’t come off with standard washing. I agree that all major brand products...
by JoeJohnson
Mon Apr 13, 2020 7:16 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 52329

Re: How Is Your Job Being Impacted By The Current Crisis?

That bothers me. If my hospital wants to pay me the typical overtime hourly rate during my time away from the hospital, I am happy to let them dictate what I do in my free time. Otherwise, they can buzz-off. Just hope your hospital doesn’t go bankrupt due to this crisis. I suspect quite a few will....
by JoeJohnson
Mon Apr 13, 2020 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 4913

Re: Delay mortgage payments under CARES Act

To me the question boils down to how likely are you to ever tap the money you save from the deferred payments? The extra cash buffer is essentially insurance.

That probability of needing extra cash is approx 0% for me personally and thus I will not be doing this. I don't need to borrow money at 3%.
by JoeJohnson
Sun Mar 22, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 187
Views: 14973

Re: Ally 1% bonus, up to $250

j0nnyg1984 wrote:
Sun Mar 22, 2020 10:58 am
02nz wrote:
Fri Mar 20, 2020 3:11 pm
A reminder that today (Fri 3/20) is the last day to sign up
Why are you writing this when the Ally website clearly says March 23?
The OP has been thinking the deadline is 20th all along :oops:
by JoeJohnson
Sun Mar 22, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Why do some people have more tolerance for risk than others?
Replies: 32
Views: 1679

Re: Why do some people have more tolerance for risk than others?

It is true even within families. My sister and husband sold all their equities at the very bottom in 2008 (and stocks were only a small portion of their portfolio). I went through the financial crisis with 100% stocks in my portfolio. Go figure... This isn't necessarily explained by differing level...
by JoeJohnson
Mon Mar 16, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2636
Views: 211014

Re: Refinance Mega Thread

Rates are driven by the MBS market..... and its totally fallen out of bed this week. There is literally too much supply of new MBS coming onto market with this huge refi surge... so naturally the price drops (and yield rises). This will correct itself in time..... but may take a while. May even see...
by JoeJohnson
Mon Mar 16, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will mortgage rates fall now that the FED cut interest rates ? Read conflicting reports.
Replies: 8
Views: 1324

Re: Will mortgage rates fall now that the FED cut interest rates ? Read conflicting reports.

Mortgage rates will likely fall once backlog are cleared as this is virus is no longer a blip but is going to have a lasting effect on the economy. At first it was just airlines and travel industry getting hit but now with curfews of unknown duration... That lasting effect means potential clients a...
by JoeJohnson
Sun Mar 15, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2636
Views: 211014

Re: Refinance Mega Thread

Rates are driven by the MBS market..... and its totally fallen out of bed this week. There is literally too much supply of new MBS coming onto market with this huge refi surge... so naturally the price drops (and yield rises). This will correct itself in time..... but may take a while. May even see...
by JoeJohnson
Sun Mar 15, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2636
Views: 211014

Re: Refinance Mega Thread

Rates are driven by the MBS market..... and its totally fallen out of bed this week. There is literally too much supply of new MBS coming onto market with this huge refi surge... so naturally the price drops (and yield rises). This will correct itself in time..... but may take a while. May even see...
by JoeJohnson
Wed Mar 11, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: why don’t people roll their escrow/prepaids into their loan? (refinance)
Replies: 6
Views: 451

Re: why don’t people roll their escrow/prepaids into their loan? (refinance)

If you move: Why would paying interest on the closing costs for the next 5 years be a positive benefit?
by JoeJohnson
Thu Mar 05, 2020 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Refi - walk me through this pls
Replies: 34
Views: 2435

Re: Refi - walk me through this pls

F150HD wrote:
Thu Mar 05, 2020 6:53 am
got offered 15 yr fixed @ 2.5% no cost.
so the appraisal is free? and they're doing all the paperwork for 'free'? :?
OP: Are closing costs being rolled into the loan? Or lender credits are making this truly free?
by JoeJohnson
Wed Jan 22, 2020 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11372

Re: Career change at 47

Go work at the front desk of a Lumberyard, Plumbing supply house, etc. I go there often and those guys never seem stressed and are super nice and happy. I appreciate your advice but I do not like staying in the same office/building/location day in and day out...I am thinking along the lines of sale...
by JoeJohnson
Sun Jan 19, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11372

Re: Career change at 47

Most states require CPAs to have education in excess of 4 year degree. 150 hours is the most common requirement. I wouldn't put CPA anywhere near the top of your list unless your ultimate goal is to work 5-10 years for somebody else and then open your own practice. If there's no end goal, strike it ...
by JoeJohnson
Sun Jan 19, 2020 7:42 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 188
Views: 14352

Re: Some possible luxury SUV choices to buy: Opinions?

Every single time there is a post about vehicles there are absurd claims about MPG. Never ceases to amaze me.

Hyundai Santa Fe: http://www.fuelly.com/car/hyundai/santa_fe

Macan: http://www.fuelly.com/car/porsche/macan
by JoeJohnson
Sun Jan 05, 2020 12:05 pm
Forum: Personal Consumer Issues
Topic: Employ or outsource bookkeeping and payroll?
Replies: 28
Views: 970

Re: Employ or outsource bookkeeping and payroll?

private practice physician here - smaller practice than you I think you should outsource this QuickBooks online now offers “live bookkeeping” which is basically a bookkeeper employed by quickbooks that will help you get all setup in QBO and help with your monthly books - someone in your office woul...
by JoeJohnson
Sun Jan 05, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Employ or outsource bookkeeping and payroll?
Replies: 28
Views: 970

Re: Employ or outsource bookkeeping and payroll?

This is a slam dunk decision. Find a new CPA firm that is competent in private practice tax, able to communicate said taxes to doctors, and offers outsourced bookkeeping services. Doctors cannot mentally or financially afford to be interfacing with an unqualified bookkeeper. There's already too much...
by JoeJohnson
Sat Nov 30, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you saving for retirement in 2019?
Replies: 82
Views: 5870

Re: How much are you saving for retirement in 2019?

Please do not say "max" without a dollar amount, because "max" means different things for different situations. A dollar amount is useless humble bragging. The only relevant normalized metric is your savings rate. Agree savings rate is definitely a normalized metric. I wouldn't categorize it as rel...
by JoeJohnson
Mon Nov 18, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: 2018 RAV4 Hybrid. Any known problem?
Replies: 13
Views: 1575

Re: 2018 RAV4 Hybrid. Any known problem?

The new series RAV4 Hybrid (2019) gets higher mileage: 41 city / 38 Highway vs. 34 city / 30 highway for the previous model. You may never make up the cost in gas savings, but if you enjoy low fuel usage, it might be a consideration, especially as we're at the end of the 2019 model year. For the 20...
by JoeJohnson
Sat Nov 09, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 64
Views: 7143

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

Don't be a flakey and quit after two weeks to return to your old boss. That just reflects poorly on you. You made your decision. Now live with it a little while to learn as much as possible and teach yourself a lesson not to do this again! You should give your new employer at least 6 months before ...
by JoeJohnson
Thu Oct 31, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Marcus bonus: Timing of withdrawing funds
Replies: 32
Views: 3392

Re: Marcus bonus: Timing of withdrawing funds

FYI: Completed requirements on 10/29/19 and bonus received 10/31/19
by JoeJohnson
Sat Oct 19, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 16277

Re: I bought a STOLEN vehicle!!!

dratkinson wrote:
Sat Oct 19, 2019 2:41 am
Aftermath.

IRS Topic No. 515 Casualty, Disaster, and Theft Losses: https://www.irs.gov/taxtopics/tc515
Tax reform removed this personal deduction except for disaster related issues e.g. hurricanes.

It wasn't a great deduction to begin with given the 10% AGI rule.
by JoeJohnson
Mon Aug 26, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Recommendation for handheld, CORDED vacuum cleaner please.
Replies: 3
Views: 437

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: 2640

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: 1425

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: 766

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: 914

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: 480

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: 5636

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: 2644

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: 5239

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: 5239

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: 5239

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: 3558

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: 6751

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: 7747

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: 3484

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: 1403

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: 7747

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: 4032

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: 8441

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: 3387

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: 3065

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: 1987

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: 1952

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: 1500

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...