Search found 331 matches

by cusetownusa
Fri Jan 11, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8682

Re: Getting a Mortgage when You can Pay Cash for a House

I disagree, 4% fixed rate & tax deductible (depends on other factors) is still Ok. We don't know the OP's tax situation, but the mortgage interest is unlikely to be tax deductible given that the standard deduction is now so high....now $24,400 for married filing jointly in 2019. Also consider that ...
by cusetownusa
Sun Jan 06, 2019 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2711

Re: Should I bother with 529s?

I cannot make roth contributions, never have been able to really. I live in a place where we all make high incomes, so we cant Roth, but we also have super high expenses, so we don't really get to live the life that the fed assumes we live :) As for 529 for oldest, she wouldn't start until the Fall...
by cusetownusa
Fri Jan 04, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 232989

Re: Share your net worth progression

2002: ($40,000) (started off with student loans and a new car :oops: ) 2003: Long 2004: Slow 2005: Climb 2006: into 2007: positive 2008: territory and 2009: fuzzy 2010: record keeping 2011: $78,000 2012: $148,000 2013: $337,000 2014: $441,000 2015: $580,000 2016: $723,000 2017: $1,150,000 2018: $1,2...
by cusetownusa
Tue Jan 01, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Clicking in ear during running? Not sure which type of doctor to see
Replies: 8
Views: 684

Re: Clicking in ear during running? Not sure which type of doctor to see

Interestingly enough I have noticed the exact same thing with myself for the last few months. I have yet to do or see anyone about it.

Keep us posted if you find out anything new.
by cusetownusa
Fri Dec 21, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 122
Views: 18285

Re: Are we in trouble?

I live in Chicago as well (in one of the suburbs). We have the highest property taxes in the country: I pay close to $10,000 a year on a 300k home. I have you beat...I pay $11,000 on a 300k home. I also live in a high income tax state (NY). what do I win? Good school system? Pretty good I suppose. ...
by cusetownusa
Fri Dec 21, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6817

Re: Buyer's Remorse on purchasing a Mercedes

I think a lot of responders are missing that OP didn't buy the car. His father did. His only responsibility is the insurance. Like another poster said, on your end, it's going to be hard to find a quality new or late model used vehicle plus insurance for under $300/month. You could pay cash for it,...
by cusetownusa
Thu Dec 20, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 120
Views: 7562

Re: 457 vs 403b

I’m a teacher so I have a 403 and 457 plus a state pension I pay into. Assuming this is the kind of arrangement you are referring to, these accounts don’t affect the pension at all. Everyone in the district pays into the pension at the same percentage and results will be the same. If anything, I th...
by cusetownusa
Mon Dec 17, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for internet only?
Replies: 79
Views: 5194

Re: How much do you pay for internet only?

$45 per month for fios...speed 100/100.
by cusetownusa
Sun Dec 09, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 120
Views: 7562

Re: My district offers Fidelity and Vanguard for 403(b)

but really nothing for 457.......this has been the same for other 2 districts I have worked for (one was 4th largest SD in California). My HS teacher wife came home today and said the same about her district....they do not offer a 457 plan option .....she has instructions to go back to her HR and f...
by cusetownusa
Sun Dec 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18779

Re: Teachers Who Have Net Worth of $1 million +

[quote=stoptothink post_id=4075122 I live in a LCOL area but have the highest property taxes in the county as a percentage of home value. Home valued at $200k with school tax bill of $4k. Another $4k for town & county taxes. Pensions are part of the school budget. Are you my neighbor? I too live in...
by cusetownusa
Fri Dec 07, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12445

Re: Why Retirement Is Broken And Needs To Be Reinvented

Perhaps you see this as half full partly due to the fact that it did not cost you 10's of thousands of dollars out of your pocket to try and help with a 401k plan. (not to mention the many hours of time). The view changes when you move from striking keys from your home to originating and managing 4...
by cusetownusa
Fri Oct 26, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Has anyone had success getting reimbursed for repairs later covered under a Recall?
Replies: 7
Views: 719

Re: Has anyone had success getting reimbursed for repairs later covered under a Recall?

Yes, I have. My alternator went on my jeep and I think I paid roughly $600 to get it replaced by my local mechanic. About a year later a recall was issued on it and it was a very simple process to get reimbursed the full amount I paid. I think I just went online and submitted some form and attached ...
by cusetownusa
Thu Oct 11, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 6130

Re: Anyone done a Hair Transplant?

TxAg wrote:
Wed Oct 10, 2018 10:14 pm
Buzz your whole head with a #1. I think that's the best look for early balding.
this is what I do, I am 39. When my hair loss gets worse I will probably end up just completely shaving it with a razor.
by cusetownusa
Thu Oct 11, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 6130

Re: Anyone done a Hair Transplant?

pennstater2005 wrote:
Thu Oct 11, 2018 10:12 am
I had someone tell me once “you look a little thin on top” I replied “you look a little thick in the middle”. He never mentioned it again. Feel free to use that :D
lol
by cusetownusa
Tue Oct 09, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Got my new Iphone Xs
Replies: 67
Views: 7226

Re: Got my new Iphone Xs

Just pre-ordered the Pixel 3 today, supposed to have an even better camera than the 2 and still, no notch. These phones are darn expensive though... but they last at least two years, so amortized it's not horrible. I am no phone expert but I thought I saw a photo of the pixel 3 and it had a notch a...
by cusetownusa
Tue Oct 09, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Got my new Iphone Xs
Replies: 67
Views: 7226

Re: Got my new Iphone Xs

Just pre-ordered the Pixel 3 today, supposed to have an even better camera than the 2 and still, no notch. These phones are darn expensive though... but they last at least two years, so amortized it's not horrible. I am no phone expert but I thought I saw a photo of the pixel 3 and it had a notch a...
by cusetownusa
Fri Oct 05, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Is there a best time to do a Roth conversion?
Replies: 11
Views: 1723

Re: Is there a best time to do a Roth conversion?

I plan on doing Roth conversions until a sizable traditional IRA is depleted. This will begin in a couple of years and will likely take 20 years since I'll only be converting to the top of the 12% bracket. This will happen while I'm still working. The only way I'll be able to do this is by making c...
by cusetownusa
Thu Oct 04, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 8195

Re: I see now why Rollovers can take FOREVER ....

Ugh, I just happened to start a transfer yesterday from my wife’s Voya 403b to her Vanguard 403b. When I started I was thinking it would be a simple process but I’m quickly learning it won’t be. One good thing is both 403b are with the same employer but not sure if they makes a difference or not. So...
by cusetownusa
Thu Sep 20, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7693

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

KlangFool wrote:
Wed Sep 19, 2018 8:05 pm
OP,

You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math.

20% to 30% is bigger than 4.75%.

KlangFool
This
by cusetownusa
Tue Sep 18, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 24
Views: 2214

Re: New SUV

I just leased a 2018 JL Wrangler for $368/mo including tax for a $39k MSRP car and I paid $0 up front, all taxes and fees were rolled into the lease. Buying the same car with a 60-month loan would’ve cost $700/month. I can also write off the entire lease payment since I’m self employed. Leasing isn...
by cusetownusa
Tue Sep 18, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 24
Views: 2214

Re: New SUV

I just leased a 2018 JL Wrangler for $368/mo including tax for a $39k MSRP car and I paid $0 up front, all taxes and fees were rolled into the lease. Buying the same car with a 60-month loan would’ve cost $700/month. I can also write off the entire lease payment since I’m self employed. Leasing isn...
by cusetownusa
Thu Sep 13, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16369

Re: iPhone XS Max

They're the most valuable company on the planet for a reason! $1100 for a smart phone is just ludicrous for a lot of people. That's MacBook territory. I'm interested to see if the "cheapo" version (iPhone Xr: $750) sells better. Lots of consumer psychology in how to choose. I think for quite a few,...
by cusetownusa
Thu Sep 13, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16369

Re: iPhone XS Max

They're the most valuable company on the planet for a reason! $1100 for a smart phone is just ludicrous for a lot of people. That's MacBook territory. I'm interested to see if the "cheapo" version (iPhone Xr: $750) sells better. Lots of consumer psychology in how to choose. I think for quite a few,...
by cusetownusa
Wed Sep 12, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 2989

Re: Toilet Makes A Flushing Sound Occasionally

glad i found this...having the same issue. Hopefully this fixes my problem.
by cusetownusa
Wed Sep 12, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10473

Re: Anyone else not save for cars?

Interesting.. I drive a 15 year old Jeep with 140K miles on it... Paid for... But I'm planning to drive this another 10 years unless something major happens to it. what kind of jeep do you have? My Jeep Grand Cherokee is only 7 years with 72,000...I am hoping to get at least 15 years, 150,000 miles...
by cusetownusa
Fri Aug 24, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: 4x8 overhead storage: SafeRack vs Fleximounts
Replies: 13
Views: 1785

Re: 4x8 overhead storage: SafeRack vs Fleximounts

Looks like the amazon item has an additional $15 coupon and if you have the amazon cc you would get another 5% off.

Plus its a Prime item so you would get free shipping and could return it if you want.
by cusetownusa
Fri Aug 24, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: 4x8 overhead storage: SafeRack vs Fleximounts
Replies: 13
Views: 1785

Re: 4x8 overhead storage: SafeRack vs Fleximounts

I had the Saferack overhead storage at my last house, I remember Costco had them on sale. I would like to get them again for my new house. It seems there is some competition now, a knockoff called Fleximounts seems to be a better deal. Costco has the SafeRacks 4x8 model for $199 shipped, amazon has...
by cusetownusa
Sat Aug 18, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18779

Re: Teachers Who Have Net Worth of $1 million +

As a retired teacher, I'm interested in hearing from my fellow Life-Giving Educators who were able to devote their lives to teaching, invest over time, may have started side businesses, and have amassed over $1 million net. How did you do it? Perhaps share your net worth as a testament to other you...
by cusetownusa
Tue Aug 14, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5778

Re: After Tax Savings Rate

Apparently our savings rate is 65%, but I'm counting our employer's contribution to the 401k and our principal paydown on all of our "forced" savings. Not a great measure of discipline, but nonetheless tells us we're on track for "FI" in about 10-15 years, if we were able to tap our 401ks - which w...
by cusetownusa
Tue Aug 14, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5778

Re: After Tax Savings Rate

Apparently our savings rate is 65%, but I'm counting our employer's contribution to the 401k and our principal paydown on all of our "forced" savings. Not a great measure of discipline, but nonetheless tells us we're on track for "FI" in about 10-15 years, if we were able to tap our 401ks - which w...
by cusetownusa
Fri Aug 10, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8255

Re: Should I tell my family/friend that they are making a financial mistake?

My siblings and I really have no problems with criticism. One of the in-laws remarked to us at a family gathering, "It is amazing how you all can say anything you want and nobody ever gets mad. With my family we stopped talking to each other years ago based on even more trivial things." So I would ...
by cusetownusa
Thu Aug 09, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8814

Re: Huge mortgage mistake

Seems like a simple solution to me...just pay down your mortgage principal to 78% of the original purchase price and your mortgage lender should remove PMI. That's what I did. Like you I only put 5% down on my house because I wasn't sure how long I would be able to sell the house that I was moving ...
by cusetownusa
Thu Aug 09, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8814

Re: Huge mortgage mistake

Seems like a simple solution to me...just pay down your mortgage principal to 78% of the original purchase price and your mortgage lender should remove PMI. That's what I did. Like you I only put 5% down on my house because I wasn't sure how long I would be able to sell the house that I was moving f...
by cusetownusa
Tue Aug 07, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16366

Re: Will you pay for your kids' college/graduate education?

OP here. Can we please stay on the topic? I am pretty sure this thread is close to getting shut down as I am not sure what new information you are looking for. I have a simple rule I use on this forum that any thread greater then 20 posts have no answer because there are no answers and just becomes...
by cusetownusa
Thu Jul 26, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9972

Re: Vanguard Paper on Roth Conversion Analysis

Great discussion by all. I have been going through this analysis for my situation and this has been helpful, however, I still don't know if it makes sense for me our not. I will be able to convert up to $50,000 within the 22% bracket and because of the 20% pass through deduction I will only have to ...
by cusetownusa
Sat Jul 21, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pass Thru Deduction-Roth Conversion Question
Replies: 6
Views: 610

Re: Pass Thru Deduction-Roth Conversion Question

I do not mean to hijack this topic, but I have a question on a related topic: any idea (with sourcing if you have any) whether deductions for a solo 401K by a sole proprietor are deducted before the 20% pass through deduction, or not? You get the 20% deduction on the lesser of your taxable income (...
by cusetownusa
Fri Jul 20, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Pass Thru Deduction-Roth Conversion Question
Replies: 6
Views: 610

Re: Pass Thru Deduction-Roth Conversion Question

I'm planning on doing the same. Makes sense to me. Are you going to wait until the end of the year to make one big conversion or are you converting some now? My initial plan was to do one conversion at the end of the year when I know exactly how much to convert. But now I am thinking I should conve...
by cusetownusa
Thu Jul 19, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pass Thru Deduction-Roth Conversion Question
Replies: 6
Views: 610

Pass Thru Deduction-Roth Conversion Question

Does it make sense to do a Roth Conversion to max out the 20% pass through deduction? Being self-employed and below the pass through deduction threshold I believe I will be able to take advantage of the 20% pass through income deduction. The way I understand it is that I will be able to deduct 20% o...
by cusetownusa
Fri Jul 06, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 160
Views: 13066

Re: What time do you get up in the morning?

I awaken naturally every morning, so I get out of bed shortly after my eyes open which can vary from 5:30am-7:30am. Go to bed at 10:00pm 7 days per week, though I typically dont enter sleep until 10:30pm-11:00pm. Makes for a very restful 7-9 hrs of sleep each night. No alarm clock in over 5 years, ...
by cusetownusa
Fri Jul 06, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 15545

Re: How to "retire" in your 30's article

Congratulations on your accomplishments marc1976. Ignore the resentful comments. I am surprised to see them especially from bogleheads. Cherish every moment with your family and friends. Life is short and have fun! :sharebeer Congrats!!! +1...I am also surprised to see the resentful comments from b...
by cusetownusa
Fri Jul 06, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard - What will the real return be for stocks and bonds over the next ten years?
Replies: 46
Views: 5500

Re: Vanguard - What will the real return be for stocks and bonds over the next ten years?

Since you asked im going to look in my cloudy crystal ball. Hate to say but that crystal ball has only been right one time over the dozens of times i looked in it. That was back in 1998 or 1999 when everyone was talking about the new economy, the internet, company's were trading higher even though ...
by cusetownusa
Fri Jul 06, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Surface Pro(2017) vs 9.7" iPad 2018 (edited)
Replies: 35
Views: 2867

Re: Surface Pro(2017) vs 10.5" iPad Pro

Interesting discussion as I am trying to decide between the 2. I was planning on waiting for the new Ipad Pro to come out but I am currently leaning towards the Surface Pro. I feel that the surface pro would be better for completing work tasks and using excel. Also, I tend to use my iphone for every...
by cusetownusa
Tue Jul 03, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8980

Re: Any Boglehead powerlifters?

Never realized it until a few years ago, but I've been boglehead lifting all my adult life. I like that analogy. I went through phases of doing a lot of secondary lifts, but never found they helped the 3 primary lifts. The big 3 (push, pull, squat) cover all the muscle groups. I did like adding pul...
by cusetownusa
Wed Jun 20, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 6209

Re: Struggling - Seeking Advice to Get On Track

If you aren't already maxing out your tax deferred accounts (doesn't look like you are) you should divert your extra mortgage payments to do so.

Why pay 32% in extra taxes to pay down your low rate mortgage?
by cusetownusa
Thu Jun 14, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13616

Re: MD&P just purchased X / sold Y [md&pharmacist]

Whats your IRR of your entire portfolio (Stocks, Bonds, Cash) over the last 12 months, 3 years, etc.? Wouldn't that be more important than how one of your many funds performed well. That would be like me bragging about how my Amazon stock has gone up x% over the last few years even though its just ...
by cusetownusa
Thu Jun 14, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 13616

Re: MD&P just purchased X / sold Y [md&pharmacist]

Whats your IRR of your entire portfolio (Stocks, Bonds, Cash) over the last 12 months, 3 years, etc.? Wouldn't that be more important than how one of your many funds performed well. That would be like me bragging about how my Amazon stock has gone up x% over the last few years even though its just a...
by cusetownusa
Tue Jun 05, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1933

Re: Downsize due to tax law change?

$11000 property tax? You could probably rent an Apt for $1000/month to save the property tax and use the mortgage saving for retirement saving. If this is in TX, $320k 6 years ago could have appreciated 50%, to almost $500k, and the property tax rate is 2.7% in Dallas. Sadly there is little to no a...
by cusetownusa
Tue Jun 05, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1933

Re: Downsize due to tax law change?

WhiteMaxima wrote:
Tue Jun 05, 2018 12:26 pm
For 300k house, $11000 property is way too high. Find out where your tax dollar goes.
lol...you don't need to tell me that. I live in NYS, famous for high income taxes and property taxes. FYI, Most of it goes to Schools.
by cusetownusa
Tue Jun 05, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1933

Re: Downsize due to tax law change?

According to current law (which could change at any time, of course), the new tax cuts will expire in 2025. We'll be back to the old rates and the old SALT deduction. Have you taken into account the fact that your SALT deduction will be restored in a few years? https://www.factcheck.org/2017/12/gui...