Search found 175 matches

by czr
Wed Oct 21, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimate for Small Business Sale
Replies: 4
Views: 272

Tax Estimate for Small Business Sale

My father is selling his small business that he started 10 years ago and owns 50% stock ownership of the company. One other partner owns the other 50% and there is no real estate involved. He did not put any money in the business at start-up but he had the experience and business knowledge to start ...
by czr
Wed Sep 09, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 0.5%]
Replies: 230
Views: 30550

Re: [Marcus Savings Account - Interest rate is now 1.7%]

That's a sad number. Anyone have any guesses on how low they and other online savings banks will end up?
by czr
Mon Aug 24, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Any suggestions going forward (40 y.o w/ kids)
Replies: 7
Views: 1503

Re: Any suggestions going forward (40 y.o w/ kids)

I think you're crushing it. I would just do minor tweaks like refi to a 15 yr mortgage if you plan to stay in the house for a while. Maybe check on your allocations and optimize. Also, double check to see if you qualify for the roth ira with your combined income bec at first glance it seems over the...
by czr
Thu Jul 23, 2020 10:55 pm
Forum: Personal Consumer Issues
Topic: wait for new toyota sienna?
Replies: 44
Views: 3418

Re: wait for new toyota sienna?

I think there's going to be a big premium with the new model with little room for discounts or negotiations. But the deal breaker will be lots of bugs and issues with first model year of new generation even from Toyota which will be covered by warranty but pain to go back and forth to dealer. The on...
by czr
Sat Jul 04, 2020 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Cash Out Refinance Home Improvement
Replies: 6
Views: 548

Re: Cash Out Refinance Home Improvement

You mentioned brokerage so you may have extra cash so unless it's your emergency fund, use the $60k cash.
by czr
Mon Jun 08, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Auto Insurance on Extra Car During Covid Times
Replies: 9
Views: 496

Re: Cancel Auto Insurance on Extra Car During Covid Times

I'll give them a call. I'm in FL and don't plan to sell since transaction costs would be too high to offset savings as we strongly prefer three vehicles. We may not be back to the office in September so it may be longer than a few months. Currently I've been rotating them for trips to the store ever...
by czr
Mon Jun 08, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Auto Insurance on Extra Car During Covid Times
Replies: 9
Views: 496

Cancel Auto Insurance on Extra Car During Covid Times

Our family has three vehicles, two commuter cars and one family vehicle mostly used on nights, weekends when all the space is necessary. We are working from home since covid closed the offices so we no longer need to commute. I anticipate having to go back into the office in September. We could use ...
by czr
Sat May 30, 2020 7:46 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136674

Re: My LenderFi refinance is going well

Hi to anyone who has REFI'd with LenderFI, I know this is pretty standard but regarding the closing costs/fees, besides discount points and third party services you cannot shop for, how close were the estimates for third-party fees you can shop for (est. $2,625) and government fees (est. $2,600)? Wh...
by czr
Sat May 09, 2020 5:27 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 166
Views: 18199

Re: Marcus or Ally

anon_investor wrote: Fri May 08, 2020 10:04 pm Wonder when Ally will drop their rates now... :?:
Right when the transfer from Marcus to Ally has been completed. It's funny/sad because that's my experience.
by czr
Wed Apr 08, 2020 2:30 am
Forum: Personal Finance (Not Investing)
Topic: Home Buying
Replies: 5
Views: 1045

Re: Home Buying

If you love the house and could afford it and have strong emergency buffer, why not? A house isn't a financial investment but a place to live. There's value there that's not merely financial. It may go down or up in value but it won't matter monetarily until you have to sell and even then it shouldn...
by czr
Sun Mar 29, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3837

Re: House Buying Advice - Contract Already Signed

Sounds like you just have some jitters. You'll still need a place to live like many people and as long as your personal and financial situation is fine and have a solid emergency fund, you'll be okay buying the house. You could also see the repercussions about breaking the contract and see if it is ...
by czr
Fri Oct 11, 2019 12:58 pm
Forum: Personal Investments
Topic: Reduce allocations for house downpayment?
Replies: 5
Views: 479

Re: Reduce allocations for house downpayment?

I think there is no one right answer. I only contributed 5% to my 401k and saved for a down payment and also took a loan out of my 401k plan is my own money for my 20% down payment to avoid PMI and paid it back within 3 years. I had the money in bonds anyway and paid myself back the interest so that...
by czr
Wed Oct 02, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Experience with Better Mortgage
Replies: 39
Views: 6132

Re: Experience with Better Mortgage

I am looking at consumerdirect mortgage through costco and they are giving $825 Credit for 3.5% 30 year rate for being Costco Executive Membership and Better.com said they can beat it by $1,000 once I get the official loan estimate to them. I'd rather give the guy with the upfront pricing the better...
by czr
Thu Sep 12, 2019 1:09 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 10900

Re: How old is your cellphone?

Samsung Galaxy S9, 1 year old and buy every 2 years. People don't like spending on phones but I find value in having better technology, more RAM, faster processor, better front and back camera, updated software because I am that much more productive personally and financially and faster with a newer...
by czr
Wed Jun 26, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciation graph for Toyota Sienna?
Replies: 1
Views: 407

Re: Depreciation graph for Toyota Sienna?

One may not exist but you could your own of any vehicle using kbb and a spreadsheet.
by czr
Wed Jun 26, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 10054

Re: Dave Ramsey says to give up employer 401K match to pay down debt

Dave also recommends you continue your tithe while you are in debt so I don't think you take all his instructions at face value although he would be very upset if you didn't follow his baby steps verbatim.
by czr
Thu Jun 20, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: 2017 Ridgeline RTL-E back to 2015 Golf TDI SEL
Replies: 6
Views: 633

Re: 2017 Ridgeline RTL-E back to 2015 Golf TDI SEL

Hondas in general are more reliable than VWs but starting 2018, new VWs come with a 6 year/72k mile bumper-to-bumper warranty and you can pick up a new VW around 15-20% off msrp now. There is a new model MK8 Golf coming out end of 2019 or early 2020 for model year 2020 but it will not be as discount...
by czr
Fri Jul 27, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4515

Re: Yet another "can I afford it"?

Whoa, $9k and 6k cars with that income and those assets? Time to live a little. Besides BMW also test drive Audi like an a7 for sedan, Q5, Q7, etc. Two year old used is an option but they heavily subsidize lease vehicles and it includes maintenance so if you plan to keep it only 3 years and mix it u...
by czr
Tue Jun 19, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 6794

Re: How much car to buy reasonably?

I test drove a 328i and GTI back to back and bought the latter in proper stick. That bimmer just felt heavy, did not have the road feel and it was $10k more. I think the 2 series is more of what I wanted but with little kids and the need for space it just wasn't in the cards. My brother has an M2 an...
by czr
Wed Apr 25, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: New car pickup today.
Replies: 48
Views: 4739

Re: New car pickup today.

NO to both.
by czr
Thu Mar 22, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 97
Views: 27183

Re: Alternative to Google Finance? [Portfolios feature deprecated]

Yeah, this is sad as been using Google Finance for many years and liked the simple and quick interface. I just jumped jumped back on the Yahoo Finance portfolio view and it's not bad.
by czr
Thu Mar 15, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1176
Views: 189981

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I own a 2018 Honda Accord, the 1.5L engine, not the 2.0. Does the Accord have the same engine as the CRV? I believe it is the same 1.5 liter turbo motor as the the Accord from 2018 but it also is in the 2016+ Civic which has been around for a while so check to see how those have been running and an...
by czr
Mon Mar 12, 2018 8:45 pm
Forum: Personal Investments
Topic: Small windfall, would like some advice
Replies: 30
Views: 3412

Re: Small windfall, would like some advice

I also think $10k is a lot for one year's worth of vacation. I also would not be comfortable with your emergency fund or retirement accounts especially with a non-working spouse and only a borrowed car. The other danger here is getting used to this windfall this year and not being able to save the m...
by czr
Mon Feb 26, 2018 1:22 pm
Forum: Personal Investments
Topic: Laid off 3 years before plan, should I retire anyway?
Replies: 59
Views: 7476

Re: Laid off 3 years before plan, should I retire anyway?

Do you spend $80-100k in annual expenses now even before healthcare insurance? Maybe you need to think that through and break that out a bit more in detail. It sounds like you have plenty of money, have been and will be pretty frugal with it.
by czr
Thu Feb 08, 2018 4:17 pm
Forum: Personal Investments
Topic: Below Admiral Shares Minimum
Replies: 7
Views: 1349

Below Admiral Shares Minimum

With stocks fluctuating heavily, just curious when Vanguard will reclass to Investor Shares if you just met the Admiral Shares minimum? Also thinking this could be an administrative nightmare for those who just put in funds at the admiral shares amount.
by czr
Sat Jan 20, 2018 11:44 pm
Forum: Personal Investments
Topic: Help with my investments. Too much cash
Replies: 16
Views: 2719

Re: Help with my investments. Too much cash

I noticed this but at your stated age, isn't Hsa contribution too much? I thought it was $6.9k total per family under 55 and you have unless that $1.5k is included in that $6.5k number:

$6.5k + 1.6k(employer) HSA

I made mistake in the past and had to take a withdrawal for excess and pay taxes.
by czr
Fri Jan 12, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiate lease payoff?
Replies: 3
Views: 435

Re: Negotiate lease payoff?

I think negotiation at buyout at end of lease depends on the make. I've heard that luxury brands do lower the buyout but not the more economical cars. Of course, there are general rules with certain makes and it depends on the current local market and the demand of the vehicle. Always, check the sel...
by czr
Thu Dec 28, 2017 2:40 am
Forum: Personal Consumer Issues
Topic: Time to buy a new phone?
Replies: 29
Views: 2486

Re: Time to buy a new phone?

You should upgrade to the S8. I'm on S7 edge and Note 4 previously and there are lots of software and hardware improvements make it so worth it. The Note 4 is also the last Note with user changeable battery and I had a few packs and I wouldn't waste money on a battery. I've heard only positive thing...
by czr
Thu Dec 14, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 8910

Re: State Farm Insurance, Time to Leave

State Farm increased our automobile policy as well by 10% recently and shopped five other carriers. Geico was same price. Allstate, AAA, Mercury, all more expensive and Progressive came in cheaper and saved me 20% over SF's new prices. I was with SF for 10+ years and had home bundled. Keeping home p...
by czr
Thu Sep 07, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Keep or let go of my car?
Replies: 44
Views: 4622

Re: Keep or let go of my car?

List out your problems. Turbo is one part but there has to be much more for a $5-6k in repairs.
by czr
Thu Aug 17, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Sales Tax Calculation when Buying Online
Replies: 10
Views: 934

Re: Sales Tax Calculation when Buying Online

I heard back from the seller. They said they charge all U.S. buyers the highest sales tax rate (based on NY).. they offered to reimburse me. So I guess the moral of the story is that they keep the difference unless some goofball like me calls them to ask about it. This is very scary. The sales tax ...
by czr
Wed Aug 09, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 4347

Re: Should I Buy a New Car?

Sounds like you want a new car. You kept the old one 8 years and since it is a Toyota your cost per mile and per year is good. It's not like you are asking about a crazy luxury purchase here so a new $20k car is reasonable.
by czr
Tue Aug 01, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fed HCOL, considering taking significant pay cut to switch to teaching.
Replies: 21
Views: 2854

Re: Where can I improve? Am I on the right track?

What did you use your TSP loan for and what are the costs, interest rate, dates associated with that loan? What is the interest rate on the car? Do you have life insurance?
by czr
Mon Jul 31, 2017 12:54 pm
Forum: Personal Investments
Topic: traditional or Roth 401(k)?
Replies: 12
Views: 1212

Re: traditional or Roth 401(k)?

"if your employer offers both traditional and Roth accounts, any match goes to a traditional account." So, I'd really actually be getting a mix of both accounts with the Roth option? The match from your employer's contributions would be going to your traditional 401k not ROTH 401k. In you...
by czr
Fri Jul 28, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: My life so far, my student loan refinancing, and my next steps
Replies: 8
Views: 1358

Re: My life so far, my student loan refinancing, and my next steps

Congrats that you found your way and it sounds like you are really happy! I think the goals are good overall but a little too much going on and just a little out of order. After the 3 months emergency fund, I would focus on increasing HSA contributions to the annual max because of the triple-tax adv...
by czr
Fri Jul 28, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Car Loan vs Investments
Replies: 10
Views: 1602

Re: Car Loan vs Investments

Ask your question in two years when you actually need to act because the interest rate environment will be different than today so your choice may be more obvious.
by czr
Fri Jul 28, 2017 6:55 am
Forum: Personal Investments
Topic: Starter Questions
Replies: 21
Views: 2007

Re: Starter Questions

No one has a crystal ball and people have been saying the market will crash the last 4 years yet those people don't pull out of the market and go all-cash. If you're time horizon is longer than 10 years you should be fine. If you are nervous, you can put part of the money in there now just to be in ...
by czr
Wed Jul 26, 2017 3:41 am
Forum: Personal Consumer Issues
Topic: Need Options - Honda Accord Incredibly Uncomfortable Seats
Replies: 135
Views: 35294

Re: Need Options - Honda Accord Incredibly Uncomfortable Seats

There would be no reason for the op to bash Honda and then suggest himself to pick the Acura. It's the same car company so it's not like he's a shill for another car manufacturer bashing a brand then recommending the luxury line of the same brand. Seems pointless. Anyway, I have a 15 TLX tech and ha...
by czr
Tue Jul 25, 2017 12:02 pm
Forum: Personal Investments
Topic: Pausing 401k to Pay Debts?
Replies: 48
Views: 3842

Re: Pausing 401k to Pay Debts?

My original thought was that I should contribute as post-tax because then I wouldn't have to pay taxes from the higher tax bracket when I take it out at retirement. My husband will complete residency in 2 years and we are expecting to jump into the 33%/35% tax bracket at that point. Chances are you...
by czr
Sun Jul 23, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: 2017 Genesis
Replies: 34
Views: 5188

Re: 2017 Genesis

From past history with shopping for the Genesis the negatives were

Awful depreciation
Poor interior material quality after a few years
Poor dealer experience because you are servicing at the same shops as a $10,000 model
Hyundai stigma and cachet not a luxury brand
by czr
Mon Jul 03, 2017 9:49 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5634

Re: Expensive Car Repair, New Engine

Take it to a Ford dealer for the second opinion and if the diagnosis is the same have the service manager open a complaint to Ford headquarters and they may cover most or some of a rebuild, remanufactured, or new engine and install. Your power train warranty just expired it so a goodwill repair is f...
by czr
Tue Jun 27, 2017 1:29 pm
Forum: Personal Investments
Topic: How to invest money from selling our house
Replies: 6
Views: 729

Re: How to invest money from selling our house

Welcome! If you need cash in less than 5 years keep it liquid in a online savings account. If your horizon for cash is over 10 years, invest it. I understand thought that you need a place to live but just don't count on a house as an investment. I would shy away from buying only because if you buy n...
by czr
Wed Jun 21, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 4213

Re: Mortgage and Low-Income

After you move and rent, set up your monthly budget as if you bought a home with property taxes, insurance, maintenance with your other ordinary household expenses while saving for retirement. You should be comfortable enoughYou will learn quickly what your new budget will be. One thing that sneaks ...
by czr
Tue Jun 20, 2017 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Planning Around Partner's Student Loans
Replies: 30
Views: 4241

Re: Planning Around Partner's Student Loans

Write out all your other assets, debts, and monthly expenses so you have a more comprehensive plan. Individually, her income isn't great but together you make $240k annually with $225k in student loan debt and you say you don't plan on having kids so expenses should be low. Refinance your loans to l...
by czr
Mon Jun 05, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 15052

Re: Worth it to buy expensive clothes?

Did you lose a sack (or many sacks) of potatoes in weight the last 8 years? I buy a couple work shirts/pants every year but make sure they have a good modern fit for my body type. Since your SO affectionately called you out on it and you trust her, have her double check your purchases.
by czr
Fri Jun 02, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Used 2013 Audi A5 or New Honda Accord Sport
Replies: 71
Views: 13194

Re: Used 2013 Audi A5 or New Honda Accord Sport

That Honda Accord Sport is very spartan and considered lower end compared to the other Accord models (EX, EX-L, Touring) let alone Audi as here are some Cons: Sluggish 4 cylinder when paired with the ho-hum CVT Weak 4 Speaker Radio with No HD Radio/XM/Android Auto/Apple Carplay No Smart Entry Key fo...
by czr
Wed May 31, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Car engine dispute
Replies: 29
Views: 3664

Re: Car engine dispute

I've had goodwill partial refund paid ($980) after warranty period and 12k miles with a lengthy letter to corporate but had the work done at the dealer when issue was found and was out of warranty. With all your nonaction for 2 years and another 34k miles you're fighting an uphill battle. I'd say if...
by czr
Sun May 21, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Job change--crazy financial move?
Replies: 9
Views: 1875

Re: Job change--crazy financial move?

With that pay and vacation, Job 1 gives you the ability to visit your family and friends almost weekly if you wanted but you can't buy time and happiness. You just need to write down your weighted priorities and choose but every day you stay where you are is affirmation of your decision to be where ...
by czr
Wed May 17, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: State Farm Drive Safe & Save Program
Replies: 14
Views: 4669

Re: State Farm Drive Safe & Save Program

Does anyone have any recent experience or have any updates on this State Farm Drive Safe & Save Program with people who have been on this with the new smartphones and Bluetooth technology? I asked my agent about it and they said I could save 5% annually on our cars policies. I wanted to get bogl...
by czr
Sat May 13, 2017 2:20 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 7625

Re: Cars: Expense or Asset?

For me, the biggest difference between the two is that the car is also a LIABILITY, much more so than a house. It can be in an accident and you can lose not only the car's value but also incur injuries/losses that are more than what your insurance(s) will cover. I get what you're saying but someone...