Search found 125 matches

by jimmo
Mon Feb 22, 2021 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 19743

Re: Buying vs. Renting Principles

Interesting discussion on this thread. What you are trying to do is no small task, and I think you have fodder for a very helpful document in this thread. (If you’re willing to give it a whirl, try to approach it in a non-denominational way other than a BH flavor...which might be inconsistent with ...
by jimmo
Wed Feb 17, 2021 4:54 am
Forum: Personal Investments
Topic: 5 years from retirement (I hope!) portfolio review
Replies: 7
Views: 1765

Re: 5 years from retirement (I hope!) portfolio review

I would not roll the $1.6m into your new 401k plan just so you can do a few years of $7k backdoor roth contributions. Not worth the hassle, risk or time given your portfolio size.
by jimmo
Sat Jan 30, 2021 8:14 am
Forum: Personal Investments
Topic: Avoiding market timing is HARD
Replies: 58
Views: 4542

Re: Avoiding market timing is HARD

Automate as much as you can. The more money that is invested each month without me getting in the way of pulling the trigger, the better. I struggle with the same issue when left to my own devices. Excess cash builds up in my checking account every couple months (yes a good problem to have) and that...
by jimmo
Sun Nov 22, 2020 9:02 am
Forum: Personal Consumer Issues
Topic: What charity are you donating to this Christmas season?
Replies: 145
Views: 6210

Re: What charity are you donating to this Christmas season?

A couple not mentioned:

Doctors Without Borders
The Nature Conservancy
KIVA

I usually split mine about 50/50 between local / non-local organizations. To find those local to you, you may want to check with your local rotary club, Kiwanis, etc. to identify those meaningful to you.
by jimmo
Mon Nov 16, 2020 1:07 pm
Forum: Personal Investments
Topic: Not sure TLH was worth it
Replies: 49
Views: 6411

Re: Not sure TLH was worth it

TLH provides too benefits: 1) It moves up to $3000 per year from income taxes into long-term capital gains taxes 2) It helps to defer taxation. Due to inflation, dollar paid tomorrow is less than dollar paid today. 1) No, not necessarily. If I've sold other investments in the same year at a gain, m...
by jimmo
Wed Sep 16, 2020 8:30 pm
Forum: Personal Consumer Issues
Topic: Vastly different quotes for wallpaper removal and painting job
Replies: 39
Views: 2567

Re: Vastly different quotes for wallpaper removal and painting job

Removing wallpaper is not a fun job. Company A doesn't particularly want the gig, but for a juicy price will do it. Go with Company B and don't overthink it (assuming Company C doesn't come in lower).
by jimmo
Tue Sep 15, 2020 8:23 pm
Forum: Personal Consumer Issues
Topic: Best platform for selling used car?
Replies: 20
Views: 1969

Re: Best platform for selling used car?

I use Craiglist. Still the best place for buying/selling used cars in my area.
by jimmo
Mon Sep 07, 2020 9:44 pm
Forum: Personal Consumer Issues
Topic: Replacing a 20-year-old central air conditioning
Replies: 66
Views: 6202

Re: Replacing a 20-year-old central air conditioning

My unit is 26 years old. Still rolling right along. I wouldn't be in any hurry on yours unless you have issues.
by jimmo
Wed Sep 02, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 5120

Re: Can I afford to intentionally go backward in compensation?

You have put yourself in a great position to take the leap. Go for it! It seems some of the posters here want you to share in their misery of high stress / high paying jobs. Your finances are in order. You will still be more than covering your expenses and your existing nest egg will keep growing on...
by jimmo
Tue Jul 21, 2020 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Owe under $200K - Best Rates
Replies: 12
Views: 1286

Re: Mortgage Refinance - Owe under $200K - Best Rates

Can confirm that there is no barrier at 200/250. I just refinanced about 150k at market rates and got a quote for another 300k at the same rate at the same time. My lenders just say as long as you are over 100k, it’s fine. It varies by lender. Generally speaking, I've found $100k, $200k, $250k, $30...
by jimmo
Mon Jul 20, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Owe under $200K - Best Rates
Replies: 12
Views: 1286

Mortgage Refinance - Owe under $200K - Best Rates

The Mega Refinance thread is largely filled with examples of people getting rates around 2.75% with no costs or even credits, but they owe above $200K/$250K which seems to be floor for the best rates. Would like to start a thread for those looking to refinance with loan amounts below $200K and what ...
by jimmo
Wed Jul 15, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10000
Views: 703364

Re: Refinance Mega Thread

Any advice for those of us with lower loan amounts. I have $154,000 remaining on a 30 year mortgage. Would like to refinance to a 15 year. When I go through LenderFi website, to get to true no-cost it's a 3.375% rate on 15 year. However, just playing around with the inputs and increasing remaining m...
by jimmo
Thu May 21, 2020 8:52 am
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5567

Re: Secrets to a great lawn

If you have pets or children that regularly use your lawn, I'd strongly recommend against any herbicides and chemicals some are suggesting on this thread. Do your own research to verify risks.
by jimmo
Thu May 21, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5567

Re: Secrets to a great lawn

Lots of good advice here. Mow high at around 4 inches may be the most important piece. That height over time will help choke out weeds and shade your soil to retain moisture. Accept that some clover and dandelions is normal. At first that will feel a bit odd, but quickly you realize the neighbors th...
by jimmo
Sun May 10, 2020 8:14 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7449

Re: Has Your Spending Changed Since The Shutdown?

With our daycare closed we're now doing a nanny-share with another family which is $250 more a month. Saving $100/month on gas. Total food cost down somewhat - groceries up but restaurants down. Maybe $100/month less on entertainment. Most of our costs are fixed. I'd say total expenses about flat. M...
by jimmo
Sun Feb 09, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: Replace old working furnace in attic or wait
Replies: 26
Views: 1699

Re: Replace old working furnace in attic or wait

My furnace is 26 years old. Had I pre-emptively replaced at 15-20 years as some recommend, I would have thrown away a lot money. The notion of replacing just for higher efficiency has a terrible payoff, better off putting some money into increasing insulation in your attic and sealing air leaks in y...
by jimmo
Tue Nov 19, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 229
Views: 18157

Re: Toughest Purchase of my Life. Engagement Ring time

I'm surprised in this day and age that the diamond engagement ring industry is still going strong. What a hoot. Yes, I bought one for my wife awhile back, and I could play along and say it was a great purchase and a rounding error on current NW, but let's be honest here a minute. It's a ridiculous t...
by jimmo
Fri Nov 08, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 9563

Re: Should I buy the family cottage?

Buy it. Absolutely, buy it. And purchase as sole owner to avoid sibling quarrels. Your kids love it. It's close by. You have a lifetime of memories there. Someday you can play with your grandkids there. You are financially in great shape. If for any reason you fell on hard times, you could always se...
by jimmo
Fri Nov 08, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2851

Re: Is selling trees for lumber Immoral?

Do you use lumber? Or paper? How often do you consider the sourcing? The morality of forest products was determined by you long ago. Paper comes from fast growing softwood trees - mostly pines. It's a quickly renewable resource that I wouldn't consider the morality in question. Paper companies plan...
by jimmo
Fri Nov 08, 2019 8:25 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2851

Re: Is selling trees for lumber Immoral?

What is immoral is not maintaining the forest at all, and allowing the trees to grow old, die and rot. This is so far off base, I'm glad others have addressed this. To the OP, it is your land and your decision ultimately. If you choose to harvest some larger trees, do your research and work with ex...
by jimmo
Sat Oct 05, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: New Honda CR-V vs. 2-3 Year Old CR-V?
Replies: 68
Views: 6183

Re: New Honda CR-V vs. 2-3 Year Old CR-V?

^^^In that case, it's an apples to oranges comparison to the purchased $20k used car referenced.
by jimmo
Sat Oct 05, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: New Honda CR-V vs. 2-3 Year Old CR-V?
Replies: 68
Views: 6183

Re: New Honda CR-V vs. 2-3 Year Old CR-V?

Maybe I got really lucky, but I bought a 4 year old CR-V EX-L AWD (2wd) for $20,000. It had 20,000 miles on it. It seems like a deal to me... I bought it from a deal, certified pre-owned. I agree the new ones are much more attractive and have WAY better bluetooth and audio, but this one has AWD, he...
by jimmo
Thu Oct 03, 2019 1:14 pm
Forum: Personal Consumer Issues
Topic: New Honda CR-V vs. 2-3 Year Old CR-V?
Replies: 68
Views: 6183

Re: New Honda CR-V vs. 2-3 Year Old CR-V?

It always makes more sense to buy a used Honda. Their used warranty is a lot better than their new warranty, plus you save a few thousand or more. Let someone else take the hit on buying new AND get a much better warranty. Why wouldn't you buy used? This information is incorrect. A used car does NO...
by jimmo
Fri Sep 13, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: Best Leaf Blower?
Replies: 70
Views: 5292

Re: Best Leaf Blower?

Add me to the list: Leaf blowers are the worst. I curse under my breath every time my neighbor fires his up ruining my peaceful time on the back patio. And yes, mulch mow your leaves. Great organic matter for your soil. No, it won't kill your grass, it's good for it. Once or twice a season when the ...
by jimmo
Sun Aug 04, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: HVAC System Replacement
Replies: 28
Views: 2819

Re: HVAC System Replacement

Our AC and furnace are both 24 years old. And according to our utility statements, we are rated in the top 10% most efficient homes relative to similar size homes in the area. Go figure.
by jimmo
Mon Jul 08, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 4018

Re: Dealer shows trade-in value much higher to avoid sales tax

I'd start by contacting the dealer and asking for an explanation. They may already have canned legalese response or they may tie themselves knots. If it still likely seems fishy, I'd be inclined to provide anonymous tip to appropriate taxing agency. I would not be okay with someone committing tax fr...
by jimmo
Fri Jun 21, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6741

Re: Tree stump, can't use a stump grinder. Solution?

Cut it off as flush as you can to the ground. Drill some holes in it, and then move on and forget about it for a couple years. Let nature take its course. I don't dump roundup or root rot in...don't really want the soil poisoned or pets getting into it. I'm a glutton for punishment so I've taken an ...
by jimmo
Sat Jun 15, 2019 8:51 pm
Forum: Personal Investments
Topic: Should I leave Betterment?
Replies: 38
Views: 9876

Re: Should I leave Betterment?

I'm with Betterment (or at least have a large chunk of my portfolio there) and have been planning to switch out. Inertia seems to be the issue. I'm still annoyed with them on the bait and switch on fees. I worked really hard to get my account to 6 figures where the fee dropped to 10 basis points fro...
by jimmo
Thu May 30, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Splitting fence cost with neighbor
Replies: 53
Views: 6993

Re: Splitting fence cost with neighbor

Approach it like a conversation to gauge neighbor interest and position. Sounds like your HOA may even force his hand a bit, but best to be neighborly. I don't particularly care for fences and prefer more natural privacy barriers such as trees or hedges. Fences all end up in various states of disrep...
by jimmo
Mon May 13, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: PSA: Do you have working carbon monoxide detectors?
Replies: 44
Views: 2714

Re: PSA: Do you have working carbon monoxide detectors?

We currently have one on first floor by gas fireplace. I guess we should add one to basement where furnace and hot water heater is located and/or in upstairs bedroom.
by jimmo
Mon May 13, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: PSA: Do you have working carbon monoxide detectors?
Replies: 44
Views: 2714

PSA: Do you have working carbon monoxide detectors?

In a tragic story, a family of 4 (and their 3 dogs) died in our area recently after exposure to carbon monoxide. No working carbon monoxide detectors in their home. A regular smoke detector won't cut it. Remember it's colorless and odorless so no way of knowing without detector. Cause of the leak wa...
by jimmo
Wed May 08, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: House selling - modern norms
Replies: 36
Views: 5936

Re: House selling - modern norms

6% commission used to be the norm around here for full service. I'd say it's getting closer to 5-5.5% now with houses jumping off the market. And I know a lot of sellers that are doing other variations a step above FSBO to save a lot money. For instance, pay a fixed price around $500-1000 to a realt...
by jimmo
Wed May 08, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Lawn care schedule
Replies: 83
Views: 9018

Re: Lawn care schedule

I'll tell you, the two weeds (depending on how you view it) that doesn't disappear with increased temperatures is clover and plantains. They stick around all season and spread too. I hit it two weeks ago with the Bayer product, but have to hit it again (second application) because it refuses to go ...
by jimmo
Wed May 08, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Bathroom Remodel - Looking for Advice
Replies: 56
Views: 5352

Re: Bathroom Remodel - Looking for Advice

My one piece of advice is don't get rid of your tub. I know it's the it thing these days to tear out the standard tub and small shower, and replace with a large shower enclosure. Think about resale value. Guess who buys a lot of houses? Young families with kids...babies, toddlers and young kids all ...
by jimmo
Mon Mar 18, 2019 10:09 pm
Forum: Personal Consumer Issues
Topic: New HVAC systems before selling home
Replies: 29
Views: 2649

Re: New HVAC systems before selling home

As someone who replaced two units on a house before deciding that we wanted to move a few years after, no, you will not get your money back. No one really cares about the HVAC until it breaks. Yep, mostly this. Bogleheads think a lot more about HVAC systems at time of purchase than the average home...
by jimmo
Mon Mar 18, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: New HVAC systems before selling home
Replies: 29
Views: 2649

Re: New HVAC systems before selling home

So, if the OP's marketing strategy is to present his house as totally move-in ready, then replacing systems that are obviously at the end of their useful life can be a smart move. Wait a minute, who says they're "obviously at their useful life"? Furnaces can last well over 30 years with m...
by jimmo
Sat Mar 16, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: New HVAC systems before selling home
Replies: 29
Views: 2649

Re: New HVAC systems before selling home

I'd just echo the chorus here, do not replace HVAC system before selling. If there's an issue with AC unit, get it fixed and move on. You won't make back that $14K or even close. In a seller's market, your aged system will be generally a non-issue at time of sale as long as it's in working order. Ev...
by jimmo
Fri Mar 15, 2019 11:37 pm
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 107
Views: 10652

Re: lawn care cost

OP - I'm also in Columbus area and on .25 acre lot, and probably only half that is grass. I helped an old man next door get setup with mowing company last summer so familiar with pricing. For small lot like yours, commercial mowing companies charge $30-35 per cut. The high school kids charge $20-25....
by jimmo
Fri Mar 15, 2019 5:49 pm
Forum: Personal Consumer Issues
Topic: Lawn care schedule
Replies: 83
Views: 9018

Re: Lawn care schedule

Some basics... Things to Do 1) Mow high...higher than you think is normal. This might be the most important tenet of lawn care, and definitely the easiest. In the heat of summer, I set mower height at 3.5-4 inches. 3 inches in spring and fall. The taller your grass is, the more it shades the soil ac...
by jimmo
Mon Jan 14, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 7685

Re: How do I stop jeans from ripping in the thighs?

I have this exact same problem. After about a year the inner thigh/ lower crotch area will wear thin, then a hole, then ripped. Rest of the jeans will still look about new. Buy another pair, rinse and repeat. It's annoying and wasteful. It's not a weight problem. I'm 6ft 185 lbs generally athletic. ...
by jimmo
Thu Dec 27, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 6255

Re: Ticket for speeding

Maybe I'm a schmuck, but when I get a traffic ticket and I'm guilty, I pay the fine and move on with my life. YMMV. 2 tickets in 20 years.
by jimmo
Tue Dec 18, 2018 12:18 am
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 7465

Re: Is Liquid Plumber / Draino bad for the pipes?

Liquid plumber / Draino are a waste of time in most cases, and yes bad for environment too. Hair is primary culprit for shower/bath drains. If you can't locate/remove obstruction, might be time to call in plumber. Or you can do same thing they willl... use power auger.
by jimmo
Wed Dec 05, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 9556

Re: Is this normal for an HOA?

Name and emergency contact information is reasonable. The rest of it I'd view as none of their business. Comply with what you feel is reasonable and leave the rest blank. The onus is on the HOA to follow-up if they still want more information and can justify it. I'm in an HOA neighborhood and they'v...
by jimmo
Sat Nov 17, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 33
Views: 2316

Re: Water-Sewer line insurance

We get letters at least quarterly for offers to buy this insurance. I don't buy it for the same reason I don't buy phone insurance or extended car warranties. For the things I can reasonably self-insure, I do that. Insurance/warranty companies are in the business to make money. For things that would...
by jimmo
Sun Oct 28, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7902

Re: How many miles (total) on car before buying another car ?

PFInterest wrote: Sat Oct 27, 2018 8:49 am
UpperNwGuy wrote: Fri Oct 26, 2018 10:35 pm Never buy a new car until the current car starts to fail. It's not about the age or the miles. It's about failures requiring major repairs.
yup.
Yes, this. Mileage largely irrelevant. Once I can no longer justify repair costs on older vehicle, that's when it's time to move on.
by jimmo
Tue Oct 16, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4791

Re: How Much Is Your Sewer Bill?

Sewer: $35/mo flat rate
Water: $20/mo average.

We average about 80gal of water per day or 2500gal monthly.

Two person household. Midwest city.

Trash/Recycling: $15/mo
by jimmo
Mon Aug 20, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 31
Views: 7744

Re: Sump Pump Issues - What can I do, if anything?

Glad you figured it out. It is always such a terrific relief to understand and solve problems like that. :) PS, if you're saying that the gutter drain to the curb is shared with the sump pump drain to the curb, maybe it would be better if the gutter drain was moved to the surface (just let it go on...
by jimmo
Fri Aug 17, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 15
Views: 2739

Re: Stains coming through white painted wood stair risers

Reporting back on this project. I used Zinsser B-I-N stain blocker (shellac). Now 10 months later still no stains coming through. So thanks all for the advice. It was spot on.
by jimmo
Fri Aug 17, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 31
Views: 7744

Re: Sump Pump Issues - What can I do, if anything?

Just getting back to this thread to close the loop and hopefully someone else can learn from it if in a similar situation. I replaced the check valve, but this had little if any impact in my case. I put the sump on some blocks and raised it up about 3-4 inches hoping it would help with the short-cyc...