Search found 191 matches

by macheta
Wed Jun 17, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 125
Views: 12350

Re: Too Much Retirement/Not Enough for House?

Congratulations on the work you have put into your savings. If you put 300k down on a house, your monthly payment would be around 2100 per month which is what you're paying for today. Enjoy your new home! I took 20% out of my 401k back in 2008 before the market crashed. I purchased at a unique time ...
by macheta
Thu May 07, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3494

Re: 15 year mortgage vs 30 year payoff in 15

If you are uncertain, go with the thirty year loan. You can always refinance later when you are more confident in the 15 year.
by macheta
Wed Apr 29, 2020 8:31 am
Forum: Non-US Investing
Topic: 100% stocks VS Rebalancing
Replies: 13
Views: 1413

Re: 100% stocks VS Rebalancing

I spent a couple minutes re-balancing in February and ended up saving thousands as a result. :)
by macheta
Mon Apr 27, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6804

Re: Carrying a big long mortgage

Last year I made the decision to start paying down my house because it made sense in my situation. However, I'm putting the money into a HYSA until I have enough to pay if off. It costs money to hold it in the HYSA but it feels good to have the cash for an extra emergency fund. Making a decision to ...
by macheta
Thu Apr 23, 2020 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash
Replies: 36
Views: 3917

Re: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash

i expect to see a large deinflation period over the next three years. I would hold back for a year before purchasing anything.
by macheta
Thu Apr 23, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: Computers - Solid State Drive vs. Hard Disk Drive
Replies: 75
Views: 4202

Re: Computers - Solid State Drive vs. Hard Disk Drive

Last year I purchased a SSD for my 2013 dell. I put a clean install of windows 10 on my computer at the same time. Fast forward to a few weeks ago, the main mother board was malfunctioning. My neighbor left his old computer on the driveway to be picked up by the garbage man. This computer left by th...
by macheta
Tue Apr 07, 2020 9:19 pm
Forum: Personal Consumer Issues
Topic: Best home printer/scanner?
Replies: 39
Views: 2791

Re: Best home printer/scanner?

I purchased a Laser Printer from Samsung in 2014 for $68 which I still use today. I replace the toner about once per year for $30. Samsung no longer sells printers. HP bought them out. I would find a really cheap laser printer through HP. My printer has had no problems over the years except for one ...
by macheta
Mon Apr 06, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 263
Views: 41595

Re: How Much in Your Emergency Fund And Is It Used?

I have 39k which is over my 15k goal limit due to saving to payoff the house. I expect to increase this by a couple thousand per month.
by macheta
Thu Apr 02, 2020 8:04 pm
Forum: Investing - Theory, News & General
Topic: "They All Retired Before They Hit 40. Then This Happened."
Replies: 49
Views: 5524

Re: "They All Retired Before They Hit 40. Then This Happened."

They seemed over confident on betting 100% in the stock market. For example, one guy took a home equity line of credit to invest. This type of tactic is popular among the people who follow the fire movement. The fire movement I consider to be an extreme risk which people sacrifice significantly to a...
by macheta
Wed Apr 01, 2020 5:54 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 25983

Re: [Why aren't forum members following the "Stay the course" approach?]

According to a recently study, 90% of the Vanguard accounts were staying the course. On the other hand, you have people on this forum buying and selling frantically. Might be due to several factors including: 1) making emotional decisions in panic mode. 2) not fully following the boglehead strategy ...
by macheta
Mon Mar 30, 2020 11:44 pm
Forum: Personal Investments
Topic: Probability of V shaped Rebound in Stocks
Replies: 82
Views: 7786

Re: Probability of V shaped Rebound in Stocks

I think it will look like an L up until december
by macheta
Sat Mar 28, 2020 9:30 pm
Forum: Personal Investments
Topic: Share what worked in your plan during the crisis
Replies: 103
Views: 7127

Re: Share what worked in your plan during the crisis

Last August I started getting nervous about losing my job. As a result, I started saving my extra money in a HYSA instead of applying extra to my mortgage payment. My EF went up from 16k to 39k. My HYSA is 1.7% APR and my home loan is 2.99 APR. Paying off the house instead of investing it was an emo...
by macheta
Tue Mar 24, 2020 9:14 pm
Forum: Personal Investments
Topic: [Differences in strategies: Ramsey vs Bogle]
Replies: 60
Views: 3916

Re: Ramsey or Bogle?

Both have good strategies for personal finances. If I had to pick, I'm a boglehead since I have been following for eight years vs. one year with listening to Ramsey. Here are things I dislike about Ramsey: 1) Ramsey does not recommend bonds 2) Prefers working with a smart invester pro 3) Recommends ...
by macheta
Mon Mar 23, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14746

Re: What have you learned from this situation that you will take action on?

I've made some difficult decisions over the last six months. Basically, I spent a lot on building my emergency fund. My friend told me to get out of the stock market in February and I did not listen to him. I keep hearing something in the background telling me to stay the course. Sort of like the "H...
by macheta
Sat Feb 22, 2020 1:06 pm
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8406

Re: Used car purchase - now dreading it

Why don't you get the seats reupholstered and carpet replaced. I found a brand new car at the junk yard and had practically new seats and carpet. I think I negotiated it for $200.
by macheta
Sun Feb 16, 2020 4:45 am
Forum: Personal Investments
Topic: Retiring at 39 from the military, should I invest or pay off mortgage?
Replies: 14
Views: 2123

Re: Retiring at 39 from the military, should I invest or pay off mortgage?

I am impressed with your ability to enact a plan that involves creating a profitable small business. You have put yourself in a great position. As much as paying down the mortgage feels safe, I think you will be in a better position if you put the money aside in a taxable account, conservatively in...
by macheta
Sat Feb 15, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: Bathroom remodel -10K- Is it expensive?
Replies: 44
Views: 5405

Re: Bathroom remodel -10K- Is it expensive?

I did a full remodel in the bathroom myself. The total cost was 5K. This included cabinets, tile on the wall, and floor. This included the bathtub conversion to a shower. If they are doing something like this the price probably includes about 83 hours of labor which is probably ok. You are being ove...
by macheta
Sat Feb 15, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: What's the best thing you've bought on Amazon for <$150?
Replies: 51
Views: 4781

Re: What's the best thing you've bought on Amazon for <$150?

Tile pro for about thirty. Never lose my keys or phone again. I also have one in my call in case I can’t find my car in a parking lot. Also can use it if my car gets stolen.
by macheta
Sat Feb 08, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 904216

Re: What's Your Credit Card Rewards Strategy?

I use mine to equal out my fixed costs over two paychecks per month.
by macheta
Sat Feb 01, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Uneven crack in sidewalk in front of my house, am I liable?
Replies: 37
Views: 3357

Re: Uneven crack in sidewalk in front of my house, am I liable?

We had some cracks in our neighborhood causing the concrete to not be level. We had someone come out and grind the concrete. The vendor doing the work for the HOA had to do about hundred throughout the property. The price for the work performed was about $100 per crack.
by macheta
Sat Feb 01, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage or invest? (and any other comments on financial picture!)
Replies: 24
Views: 1012

Re: Pay down mortgage or invest? (and any other comments on financial picture!)

I would do the following in this order: 1) Payoff the non-mortgage loan 2) Increase your retirement savings significantly. (debatable on the exact number but you should have 3 times your annual salary at 45) 3) Once caught up on retirement savings, drop it down to 15% and the extra put towards payi...
by macheta
Sat Feb 01, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage or invest? (and any other comments on financial picture!)
Replies: 24
Views: 1012

Re: Pay down mortgage or invest? (and any other comments on financial picture!)

I would do the following in this order: 1) Payoff the non-mortgage loan 2) Increase your retirement savings significantly. (debatable on the exact number but you should have 3 times your annual salary at 45) 3) Once caught up on retirement savings, drop it down to 15% and the extra put towards payin...
by macheta
Wed Jan 22, 2020 11:14 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 27397

Re: Sad news: LadyGeek's husband has passed

My condolences to your family. Thank you for the information on your experiences on planning.
by macheta
Fri Jan 17, 2020 8:28 pm
Forum: Personal Consumer Issues
Topic: Which iPhone would you buy today?
Replies: 102
Views: 7576

Re: Which iPhone would you buy today?

I love my SE model mostly the size is the reason. I purchased an iphone 11 for my wife though. There has to be problems with people trying to hold those large phones or carry them in there pockets. It would drive me crazy!
by macheta
Fri Jan 17, 2020 7:29 pm
Forum: Personal Investments
Topic: Multiple SEPP??
Replies: 5
Views: 335

Re: Multiple SEPP??

Is there any tools out there on setting up the SEPP?
by macheta
Thu Jan 16, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4492

Re: Paying off large mortgage balance in one lump sum

I'm paying off my house right now and expect to pay it off next year. The opportunity cost to pay it off will be about 33k using 7% for the estimate. This is the amount I could have had if I invested it in the market. This analysis was done when I had about 100k remaining. I would certainly have to ...
by macheta
Tue Jan 07, 2020 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Using 401k funds to pay off debt?
Replies: 33
Views: 2040

Re: Using 401k funds to pay off debt?

You should not use the 401k. Why can’t you cut your expenses and use some of your $125k pay? You should be able to knock it down soon with your pay.
by macheta
Sun Jan 05, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11530

Re: Now is a good time to start tracking your net worth.

I wanted to find a good investment forum because I was doing it for almost fifteen years with mediocre results back in 2012. I started ghosting a couple websites including bogleheads. Last year, I started keeping track of my net worth and decided I needed to payoff my house shortly after. Realizing ...
by macheta
Tue Dec 31, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Bogleheads-like Forum for Washers & Dryers?
Replies: 5
Views: 356

Re: Bogleheads-like Forum for Washers & Dryers?

There are a bunch of forums out there. I would search on the model and brand with "DIY" in the search.
by macheta
Sun Dec 29, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: Investing at an early age vs late theory
Replies: 60
Views: 3811

Re: Investing at an early age vs late theory

It’s math that can be a little misleading. It’s way easier to save $5k at age 50 than at age 20. It’s also math that is more relevant to lower or middle class wage earners. Do you think someone who is a big law attorney earning $750k should be concerned he or she wasn’t maxing out a 401k at age 24?...
by macheta
Sat Dec 28, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: iPhone - saving the battery?
Replies: 5
Views: 685

Re: iPhone - saving the battery?

My phone is the SE model. I click the battery saver mode each time after my phone charged. All of my apps location service is set for only when the app is in use. I also turn off bluetooth and wifi from the control panel (not the shortcut). At the end of the day I'm at about 50% of the battery remai...
by macheta
Sat Dec 28, 2019 11:22 pm
Forum: Personal Investments
Topic: HSA catch-up contribution question
Replies: 12
Views: 784

Re: HSA catch-up contribution question

Here is a good article I suggest reading.

https://www.investopedia.com/transfer-i ... sa-4770819
by macheta
Sat Dec 28, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1624
Views: 411743

Re: Share your net worth progression

Year NW Age
2015 296,000 36
2016 402,438 37
2017 534,213 38
2018 631,884 39
2019 800,000 40 (estimate)
2020 920,000 41 (estimate)

About 200k house, ~199k in pension which ~125k I plan to roll into an IRA in a few years. I owe a great amount of my success to this website.
by macheta
Sat Dec 28, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Neglected to file tax form on backdoor Roth.
Replies: 2
Views: 307

Re: Neglected to file tax form on backdoor Roth.

I had a problem with my taxes in 2016. I rolled my 401k after tax into a roth. I received the 1099 after I filed my taxes. I owed taxes on earnings. Turbo tax let me easily amend my tax return. I paid the taxes seemed like the process was really easy. I felt a lot better after fixing the problem bec...
by macheta
Wed Dec 25, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 95
Views: 13640

Re: Your Monthly Cost of Living

Married, AZ, Condo

1) Electric: 123
2) Phone, Netflix, Gym : 157
3) Insurance: 166
4) HOA: 200
5) Home Loan: 900
6) Gas: 130
7) Food: 500

Total: 2176 per month
by macheta
Wed Dec 25, 2019 3:35 pm
Forum: Personal Investments
Topic: Ready to invest in the stock market for the first time in my life
Replies: 95
Views: 5918

Re: Ready to invest in the stock market for the first time in my life

Elena wrote:
Wed Dec 25, 2019 2:55 pm
Behavioral question for your class:
You invest $25,000 in whichever stock or mutual fund. It does not matter. Within a week, portfolio value drops to $3,000. What would you do?
good point
by macheta
Wed Dec 25, 2019 2:44 pm
Forum: Personal Investments
Topic: Ready to invest in the stock market for the first time in my life
Replies: 95
Views: 5918

Re: Ready to invest in the stock market for the first time in my life

If you think amazon is gonna secure your retirement go for it. :sharebeer My college financial class made me pick stocks in March of 2001 for my financial portfolio. I decided to invest 25k in amazon at $10.13 per share. We were not actually investing in the real market. I wish I had invested in th...
by macheta
Sun Dec 15, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 11
Views: 1597

Re: Pension Question

Hi - I checked my pension calculation today using the company estimating system and the estimate was over by 50k. Should I ask them about it? I double checked my math and pension plan rules. What industry? How is your pension calculated? Is your pension based on years of service and average years o...
by macheta
Sun Dec 15, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 11
Views: 1597

Re: Pension Question

Hi - I checked my pension calculation today using the company estimating system and the estimate was over by 50k. Should I ask them about it? I double checked my math and pension plan rules. What industry? How is your pension calculated? Is your pension based on years of service and average years o...
by macheta
Sat Dec 14, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 11
Views: 1597

Re: Pension Error

Stupid question... thank you
by macheta
Sat Dec 14, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 11
Views: 1597

Pension Question

Hi - I checked my pension calculation today using the company estimating system and the estimate was over by 50k. Should I ask them about it? I double checked my math and pension plan rules.
by macheta
Sun Oct 13, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Anyone switch from a big phone to a small one?
Replies: 8
Views: 886

Re: Anyone switch from a big phone to a small one?

I went from an Iphone Six to Iphone SE. I purchased an iPhone 11 for my wife and took her SE. The benefits of the SE is the small phone size and it uses IOS 13 unlike the iPhone 6. The phone's battery on the SE is not very large so I had to get a fresh battery and I also had to apply battery saving ...
by macheta
Fri Oct 04, 2019 9:02 pm
Forum: Personal Investments
Topic: Lump sum vs Pension
Replies: 20
Views: 2346

Re: Lump sum vs Pension

vineviz wrote:
Fri Oct 04, 2019 8:13 pm
rando! wrote:
Thu Oct 03, 2019 9:27 pm
...
.... no one at age 41 knows how long they will live....
Surely you can make an estimate. I would take the medium age M/F in the country and use that as a baseline. Update the estimate based on your health situation today or risk which runs in the family.
by macheta
Thu Oct 03, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8742

Re: Recourse for "Stolen" Money

Report it to the police, learn your lesson and move on.
by macheta
Sat Sep 28, 2019 3:56 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard: Free wire!
Replies: 22
Views: 2791

Re: Fidelity vs Vanguard: Free wire!

as best I can recall, VG Flagship customers are not charged for wire transfers. I'd have to do a lot of WTs to make this a consideration. Both are fine firms but WT fees would not be a major consideration for me. I regularly make ACH transfers. I actually prefer that my checking account (which typi...
by macheta
Sat Sep 28, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Should I sell my BMW
Replies: 48
Views: 3829

Re: Should I sell my BMW

sk2101 wrote:
Fri Sep 27, 2019 1:49 pm
I would wait until the BMW starts to break to get another car. At 33k miles its too early. Keep driving it for now, transactions costs are high.
This is really good advise. I agree with this statement.
by macheta
Mon Sep 02, 2019 11:51 am
Forum: Personal Investments
Topic: How to value pension as a benefit when comparing jobs
Replies: 24
Views: 2495

Re: How to value pension as a benefit when comparing jobs

My wife has a defined benefit through her government job. The job does not take any amount out for her social security. The defined benefit plan is not as flexible as the 403B plan. The pension is 75% funded which seems low. How much is the pension funded?
by macheta
Sat Jul 13, 2019 2:57 pm
Forum: Personal Investments
Topic: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?
Replies: 40
Views: 4584

Re: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?

I wouldn't shift the assets based on my mortgage strategy. I would base it on how much risk and expected returns you are willing to accept. In a strong bull market, I would shift it towards equity and do the opposite in a bear market. I am about 13 years away from retirement and do not plan to shift...
by macheta
Sat Jul 13, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32209

Re: Americans believe they need $1.7 million, on average, to retire

Seems kind of high considering the median household income in the United States is $56,516 (according to 2015 data from the U.S. Census). If I retire at 65, living off SS and retirement, I figured the number was around 600,000.
by macheta
Sat Jul 13, 2019 10:28 am
Forum: Personal Investments
Topic: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?
Replies: 40
Views: 4584

Re: OH no, ANOTHER "Should I pay off my Mortgage with Taxable acct" question, with a bit of a twist?

The decision to pay off the mortgage or not really comes down to your own goals. Do you want to have no mortgage with a smaller bank account or a mortgage with a larger bank account? Deciding to invest the money instead of paying off the house will give you the ability to make considerably more on a...