Search found 45 matches

by sterlingcooper05
Fri Oct 26, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9350

Re: Girlfriend's Student Loans

Be completely clear with your girlfriend about your concerns and intentions. While the debt itself is not a deal breaker, how she feels about the debt repayment could be a deal breaker. Do you currently support her as she pays half her income on the loan? If so, you're effectively paying the debt no...
by sterlingcooper05
Fri Sep 28, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2506

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

The student loan service companies are the 1st line of defense for the PSFL program, and they are incompetent. I helped my wife apply for loan forgiveness through a similar program for teachers. We knew that she qualified, had all the proper documentation, all the requirements were met, but the serv...
by sterlingcooper05
Tue Jul 24, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage on Upcoming Home Purchase
Replies: 12
Views: 1905

Re: Mortgage on Upcoming Home Purchase

I'm assuming you're putting enough down to avoid PMI. If not, I would at least do that. Have you considered a 15 year mortgage? I was in a similar position last year and put enough down to keep my payment affordable on a 15 mortgage with a lower interest rate. The interest savings is significant. Wi...
by sterlingcooper05
Thu Jun 21, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 49
Views: 3742

Re: 3 nights in Vegas

With the extreme heat, a pool morning/early afternoon is a must. Caesars Palace has fabulous pools. Other than that, seeing a Cirque show is always fun. And of course gambling....especially downtown Vegas. The odds are better and table minimums are lower. A quick Uber downtown to check out Fremont S...
by sterlingcooper05
Wed Jun 06, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Down Payment Help
Replies: 16
Views: 1678

Re: Mortgage Down Payment Help

The problem with this deal is that it only works out if EVERYTHING works out....including both relationships with girlfriend and her father. This is a total cart before the horse scenario. Can she buy the house on her own and you rent from her in the meantime? It would be a much cleaner transaction ...
by sterlingcooper05
Tue Feb 13, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 4061

Re: Disney visit

We have done both. Staying onsite was well worth the premium price. We chose a moderately priced Disney hotel and would do it again over staying offsite. We did not purchase the dining plan. It was the right choice since we found ourselves splitting many meals, especially quick service. We saved mon...
by sterlingcooper05
Fri Jan 19, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 37
Views: 2960

Re: Family Balance and Children's Athletics

It is a sports crazed world out there! DW and I played organized travel sports as kids and eventually in college. Neither of us were outstanding athletes, but our skills were refined enough to get athletic scholarships. I would not trade my experience for anything. But now, the travel and costs are ...
by sterlingcooper05
Tue Dec 05, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 4723

Re: Vegas on a budget

Hash House a Go Go at the Linq. Portions are HUGE and reasonably priced.
by sterlingcooper05
Thu Aug 10, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Future Accountant Seeking Advice
Replies: 10
Views: 1283

Re: Future Accountant Seeking Advice

Practice interviewing and practice being enthusiastic about the job/internship, especially if this is not natural for you. Practice talking about why you'd be a good fit for that firm. Know who you're interviewing with, know their clients, know their location. Shake their hand and look them in the e...
by sterlingcooper05
Thu Jul 27, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement
Replies: 19
Views: 2363

Re: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement

Why not go crazy and do everything you can to get rid of the student loans forever, including your wife's deferred loans. I wouldn't stay in debt for 10 years waiting on a forgiveness program that may not be there. I was in a similar spot at your age and paid off everything as fast as I could. It wa...
by sterlingcooper05
Thu Mar 23, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage APR 4.96% - too high?
Replies: 58
Views: 5352

Re: Mortgage APR 4.96% - too high?

Mid-Thirties here...closing on a 3.375% 15 year mortgage in a few weeks. The savings is incredible over a 30 year at a higher interest rate. Wait till you have more money for the down payment.
by sterlingcooper05
Tue Feb 07, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 5600

Re: Disney Cruise instead of Disney World?

I've never been on a cruise, but I have been to Disney World in the summer a couple of times. Disney World, at all times, takes a lot of advanced planning to be enjoyable. Showing up to a park with kid in tow and no plan will lead to a lot of disappointment. (especially in the scorching hot and humi...
by sterlingcooper05
Mon Feb 06, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws Estate Planning - Wisdom Wanted
Replies: 50
Views: 3357

Re: In-Laws Estate Planning - Wisdom Wanted

2) I have been coerced (basically to keep the peace) into signing a real estate agreement by in-laws that simply states that "any land I own has to be offered back to another family member before we could sell on the open market." I can't figure out what you mean by this. Any land you own now and p...
by sterlingcooper05
Fri Feb 03, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: Spring break trip ideas, mid-March, family of 5 (3 teen/tweens)
Replies: 23
Views: 2878

Re: Spring break trip ideas, mid-March, family of 5 (3 teen/tweens)

Looking for spring break ideas. 3) St. Louis airport is kinda thin on direct flights these days, so the combination of flight from StL -> connecting city + layover -> final dest + deal with rental car means that driving can be competitive on time and perhaps convenience with flights out to perhaps ...
by sterlingcooper05
Tue Jan 03, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 249
Views: 66174

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I'm sorry to hear this story. My understanding is the financial POA must act in your best interest. Since he did not do that, she is not responsible for the credit cards and can get them removed from her history. This will take a lot of time and effort, but worth it. Hopefully you can get him revoke...
by sterlingcooper05
Mon Oct 03, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: Credit cards that have annual fee's, do you have any?
Replies: 55
Views: 6857

Re: Credit cards that have annual fee's, do you have any?

Delta Platinum Amex, $195 a year. They hooked me with the sign-on bonuses of 50,000 and 15,000 miles. The 10,000 miles per year spend bonus is nice, along with the companion ticket, and checked bags.
by sterlingcooper05
Mon Jul 25, 2016 1:23 pm
Forum: Personal Consumer Issues
Topic: My experience with "older" used car
Replies: 59
Views: 6573

Re: My experience with "older" used car

With zero ability to fix anything, youtube is a wonderful thing for cars. I have changed out several electric items in used cars with the help of youtubers fixing the exact same issue. As long as the work is an hour or less, i will do it myself. The parts are usually dirt cheap too.
by sterlingcooper05
Thu Jul 21, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Price Limit on Used Car from Private Party
Replies: 10
Views: 891

Re: Price Limit on Used Car from Private Party

Make the sale contingent upon an inspection, do not overpay, then the dollar amount should not matter.
by sterlingcooper05
Mon Jul 18, 2016 1:03 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 4267

Re: Orlando Disney Parks

I don't think 4 days is enough to see the 4 parks, without missing some really fun attractions. If you're interested in any of the stage shows, they have a set time which is restrictive. Here are some attractions and shows I would recommend to anyone... Animal Kingdom: Expedition Everest, Dinosaur, ...
by sterlingcooper05
Fri Jul 15, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Can a teen's cash income fund a Roth ?
Replies: 9
Views: 1506

Re: Can a teen's cash income fund a Roth ?

you can file a return and self report the income, then fund the roth up to the amount that is reported.
by sterlingcooper05
Tue Jul 05, 2016 8:36 am
Forum: Personal Consumer Issues
Topic: replacing an iPhone, first time with the "new non-subsidized model"
Replies: 48
Views: 5373

Re: replacing an iPhone, first time with the "new non-subsidized model"

Buy a like-new unlocked iPhone from eBay, put it on Cricket, done. The fact that AT&T's pricing scheme is not transparent is reason enough to drop them. I have considered this move as well...Cricket is owned by AT&T, so your coverage will be exactly the same in your area. I called AT&T and told the...
by sterlingcooper05
Tue Jun 28, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Will - Remarried with Troubled Kids
Replies: 37
Views: 5733

Re: Will - Remarried with Troubled Kids

I try to remember this saying... "Fair is not always equal, and equal is not always fair" Leaving an inheritance to an imprisoned child or one addicted to drugs would be completely irresponsible for all parties involved. Zero inheritance would be fair for them. But, their situation should have no be...
by sterlingcooper05
Thu May 26, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my daughter
Replies: 39
Views: 3175

Re: Advice for my daughter

They look a little light on tax advantaged retirement savings. I would at least max out a couple Roth IRA's while they still qualify. (possibly two years worth) Pay off the car loan for sure. Fill a hefty emergency fund, then use whatever is left on the rental purchase. They should have some cash re...
by sterlingcooper05
Fri Apr 29, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 6744

Re: Young Male Living with Parents

You have a better balance sheet than most 25 year olds...congrats! But, there is something to be said about moving out and being independent of mom and dad. (even if it delays your home purchase) It will give you better perspective on living costs and where you want to live. 2 years is probably too ...
by sterlingcooper05
Tue Apr 19, 2016 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Michigan or Vanguard 529 plan for my three kids
Replies: 6
Views: 1125

Re: Michigan or Vanguard 529 plan for my three kids

I see a lot of people from Michigan using 529's from other states. The MESP options must be limited compared to others. I would stay with the ESA at $2K per kid and put additional money into the MESP. The ESA is more flexible and offers unlimited options.
by sterlingcooper05
Thu Mar 17, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: email from Amazon: Critical Update for your kindle e-reader
Replies: 28
Views: 4575

Re: email from Amazon: Critical Update for your kindle e-reader

I have an older kindle that I never connect to wifi. I followed the directions and installed one update, than another to be current. I manually did the update via USB cable. I retained all my books and it works as it did before. You don't have to do it before the deadline...you just won't be able to...
by sterlingcooper05
Thu Feb 18, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 220
Views: 24528

Re: What video games are you currently playing?

Wii U games like Mario Kart, Donkey Kong Country, Zelda, etc.
by sterlingcooper05
Thu Feb 11, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Vacation Homes
Replies: 78
Views: 12579

Re: Vacation Homes

I find it interesting that this thread has unfolded much like many of the conversations my wife and I have had with friends and neighbors about our weekend home. Those who tend to look only at the financial aspects of a weekend home constantly ask what we do there. They seem to be seeking some reas...
by sterlingcooper05
Wed Dec 23, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 17383

Re: Biggest lucky break in your personal finances?

I stumbled upon an internet post discussing student loan forgiveness. After looking at all the specific qualifications required, I realized my wife was a candidate for up to $17,500 in loan forgiveness. She had already completed the minimum years of service, so her remaining loan balance was forgive...
by sterlingcooper05
Mon Nov 02, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a Down Payment
Replies: 13
Views: 2175

Re: Saving a Down Payment

I'm looking at moving within the next 2 years. I currently own a home with very little equity in a declining neighborhood. I want to save a down payment(around $60K) on a new house, so that I'm in a favorable mortgage position. For me to do this quickly, I would need to stop retirement and college ...
by sterlingcooper05
Fri Oct 30, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a Down Payment
Replies: 13
Views: 2175

Re: Saving a Down Payment

bigred77 wrote:I would rather put 10% down on a new house than stop all tax advantaged savings for a few years in my early 30s.

Save over a longer time frame if needed. Are schools acceptable in your current neighborhood?
Schools are part of the reason we would like to move.
by sterlingcooper05
Fri Oct 30, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Saving a Down Payment
Replies: 13
Views: 2175

Re: Saving a Down Payment

1. You say that you are 33, but when would you like to retire? I'd like to retire in 30 years. 2. You say you have $170k in college and retirement savings, how much is college, how much is retirement? $20K in college savings, $150K in retirement. 3. College savings for, your kids? How many kids and ...
by sterlingcooper05
Fri Oct 30, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Saving a Down Payment
Replies: 13
Views: 2175

Saving a Down Payment

I'm looking at moving within the next 2 years. I currently own a home with very little equity in a declining neighborhood. I want to save a down payment(around $60K) on a new house, so that I'm in a favorable mortgage position. For me to do this quickly, I would need to stop retirement and college s...
by sterlingcooper05
Fri Sep 11, 2015 9:11 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 837
Views: 156224

Re: Boglehead Beer

Founders all day ipa....15 pack of cans for $14. Great value, great beer.
by sterlingcooper05
Wed May 06, 2015 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Paying off student loans by selling house
Replies: 43
Views: 5689

Re: Paying off student loans by selling house

What if you tried living in the house together for 1-2 years? You could build an exit plan together while paying down the debt and saving a down payment on a new place. After 2 years, use part of the proceeds from the sale to pay more on the student loans and use the rest on the move.
by sterlingcooper05
Tue Nov 04, 2014 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off student loans with part of emergency fund?
Replies: 19
Views: 1675

Re: Should I pay off student loans with part of emergency fu

Yes! How long would it take to build the emergency fund back up?
by sterlingcooper05
Fri Oct 03, 2014 12:47 pm
Forum: Personal Consumer Issues
Topic: Invest in Bowflex Max Trainer?
Replies: 25
Views: 13759

Re: Invest in Bowflex Max Trainer?

2nd for body weight exercise...pocket the $1000, rent/buy a few videos.
by sterlingcooper05
Mon Aug 04, 2014 8:54 am
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 11776

Re: How many families use 529 plans?

I max out ESA's at $2,000 per year for my kids. I like the flexibility and investment options more than most 529's. My goal is to to be rich enough to not worry about financial aid and pay for it in full. So, retirement accounts are the first priority, about 18% of pretax income to 401k's and Roths....
by sterlingcooper05
Thu Jul 24, 2014 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Old Mortgage about to 'fall off' credit report - now what?
Replies: 13
Views: 6471

Re: Old Mortgage about to 'fall off' credit report - now wha

I've found that timely payments to a credit card are as beneficial to a credit score as anything. I don't think it will move much after the house is off.
by sterlingcooper05
Wed Jul 23, 2014 3:37 pm
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 10876

Re: If you own a car, do you have a car payment?

Cash only for used cars. If I bought new cars, I would consider the 0% offers since the best price usually comes when you finance. The dealers are subsidized by the lenders offering the financing, so it is very hard for them to keep the cash and financing prices the same.
by sterlingcooper05
Wed Mar 12, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite gadgets?
Replies: 28
Views: 2600

Re: Favorite gadgets?

* Kindle (assuming e-reader doesn't count as a tablet) - most of my reading nowadays * bluetooth speaker - wherever I go on my property, I have music. Also use as a smartphone speaker on occasion. * universal remote - wow, do I love not fumbling around with three remotes Kindle and bluetooth speake...
by sterlingcooper05
Mon Mar 10, 2014 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs. 401(k) after match
Replies: 8
Views: 2296

Re: Roth IRA vs. 401(k) after match

The 403b also offers an option to access Schwab's library of funds, for an annual fee of $50. This is a possible alternative to the funds with high ER's. Thanks for the replies!
by sterlingcooper05
Fri Mar 07, 2014 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs. 401(k) after match
Replies: 8
Views: 2296

Re: Roth IRA vs. 401(k) after match

Alright, here you go. I didn't post all available funds, since E*Trade has thousands. Here's a recap of what we have now. I plan on diversifying the Roth's as we go forward. Emergency Funds: 4 months of expenses Debt: $154,000 @ 5% interest Tax Filing Status: Married Filing Jointly Tax Rate: 25% Fed...
by sterlingcooper05
Wed Mar 05, 2014 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs. 401(k) after match
Replies: 8
Views: 2296

Roth IRA vs. 401(k) after match

This is my first post, so forgive me if this has been answered already. I am contributing about 16% of gross income into retirement after 10 years of contributing 5% into a 401k. I put the first 8% into my 401k to qualify for the full match, then max out a roth ira, then put another 1% into the 401k...