Bogleheads.org

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In order:

Casio F91-W
G-Shock
Pretty much any offering from Sikeo/Orient that fits the style you are looking for

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Interesting feedback so far, I was under the impression consolidating debt in a mortgage refinance wasn't a good idea since the extended term outweighed the benefit of the lower rate.

Certainly something to think about.

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15 yr Also, have you looked into taking a larger home loan in order to wipe out the car loan? I’d be tempted to do a $155K cash out refi and have all my debt at 2.125% on the 15 yr schedule Thanks for the input! 15 years was my initial thought, but wanted some objective feedback. Rolling the car lo...

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I got a refinance quote for both 15 and 30 year conventional loans and I am trying to get help determining which makes the most sense in my situation. Current Mortgage Balance: $131,000 Rate: 3.125% Term: 30 years started in 2012 but paid a lump sum early on to get rid of PMI so amortization schedul...

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Caduceus wrote: ↑Tue Dec 22, 2020 4:33 pmWhere do you store your gold / valuables?

Nice try; not falling for that one.

https://youtu.be/l_3_9zK4y-Q?t=00m12s

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Some good options here:

https://www.youtube.com/watch?v=eMFDtJPiruE

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To both of the above posts - what is wrong with sharing (whether critical or not) ones opinion on a subject? If we all did and said the same things within an echo chamber, how would we ever even know that there is another perspective? 100% stocks! vs anything else used Camry vs nothing. there is no...

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I feel like some people think it is their moral obligation to chime in on topics they whole heartedly disagree with, or by own admission don't understand, to let others know they are living incorrectly. Why respond at all if you are just going to tell the OP they should reconsider their life choices...

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I live in a state that gives a tax break on contributions to 529s which results in a 5.4% tax savings. I don't intend to invest the money, but rather contribute next year's tuition for elementary school this tax year. That would essentially be a guarantee 5.4% savings on tuition right? I know that I...

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Daughter , recent college grad, working full time around 50k year, very low living expenses, no cc debt fico around 690. Not much of credit history other than a small student loan she's been paying on. Looking at buying used mazda 2 -3 years old for around 13k. She'll be putting around 8k down so l...

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livesoft wrote: ↑Tue Aug 04, 2020 11:25 am I'd move in with my one of my girlfriends.

I think we see why you ran out of money!

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It seems like almost half of people over 55 are going to have to figure that problem out. https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp A 2019 Government Accountability Office study found that nearly 48% of Americans age 55 and older don’t have any ...

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I don't quite have enough cash on hand right now to buy our new home (but will when I sell my current house (no mortgage on it, own it outright). I expect my current house to sell for about $420K and the new house is $260K..(I have about 200K in cash)..so in the event I need to close and still own ...

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KlangFool wrote: ↑Sun May 03, 2020 5:01 pm OP,

A) Is it a recourse loan or a non-recourse loan?

B) What if pulling out the money increase the liquidity requirement? Aka, the monthly mortgage payment.

KlangFool

What are your thoughts in each of those scenarios?

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I have a HELOC at 4.25%. After using it to get kids through college, I paid it off. It's only for very brief loans for cash flow now. I find it easy to pay off my credit cards every month, but once you start spending out of a HELOC, it's easy to let the total get too high. True, one may find other ...

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I've known smart people who believed they should carry as big a mortgage as they qualified for. So just because I disagree with you doesn't mean you are wrong or that i'm wrong. Housing finance tends to be a gut feeling based on when and how you grew up. Houses are not edible, but you can't eat mon...

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Seems like a silly question. Your examples are pretty poor examples of “liquidity”. A better question would be, should you rely on these suggested forms of debt in planning for a time of economic uncertainty? And you have an abundance of evidence that tells you absolutely not. Essentially no one wi...

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We made a gingerbread house at Christmas. It was certainly edible..... Back to reality. We have a 1 year emergency fund (combo of cash and bond funds in taxable) and additional taxable accounts of stocks as well as Roth IRAs. We have no need to raid the equity in our home like typical poor broke in...

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Most banks are allowing deferral of payments x 3 months (forbearance) no questions asked No impact to credit history, no balloon Gets added to back end https://www.wellsfargo.com/mortgage/manage-account/payment-help/forbearance-plan/ We are continuing to pay and want to get mortgage completed by th...

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There are quite a few hypotheticals in that scenario. For someone who has exactly six months EF, no other after tax investments, no IRAs or 401K (which can now be borrowed against for three years without penalty), maybe for that person it could make sense. Essentially this is a HELOC in a non-tradi...

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With interest rates where they are today, barring an irrational debt to value ratio (defined as >70% for purposes of this post), why wouldn't/shouldn't one prioritize liquidity in times of economic uncertainty? For example, if one could do a cash out refinance in which they receive $60k, and the tot...

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What exactly is the issue here? Of course they have visibility into your accounts, how else would the advisor provide you with advice? Although they can have access, I should have the ability to control that access. You can/do. Change your password with your bank, but don't update the account in pe...

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sport wrote: ↑Fri Apr 05, 2019 9:39 am My thought is that you never know when you might need to replace a car. The present car could get stolen or wrecked...

One should be sure that they have adequate insurance coverage.

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Being a Boglehead doesn't mean that you rarely spend money. I think that is one of the biggest misconceptions about Bogleheads. No but the standard mantra seems to be if you buy anything more than a Corolla you really should reconsider your choices. see: https://www.bogleheads.org/forum/viewtopic.p...

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While I understand the overarching concept I'm failing to see where either the 40 years or 9 percent are guaranteed.

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https://www.wsj.com/articles/charity-of ... 1488754532

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1. It sounds like you're not even expecting a second child yet. Is your current car on its last legs and need to be replaced or are you just getting the itch for something new? We can get by for a while longer with what we have, but not much longer. Once we get to the mid second trimester we won’t ...

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1. It sounds like you're not even expecting a second child yet. Is your current car on its last legs and need to be replaced or are you just getting the itch for something new? 2. Why ask about specific features of a make/ model on a financial forum instead of a dedicated Toyota forum or visit a dea...

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These discussions can be pretty funny. Both sides are saying the same thing (have a large amount of savings) but disagree over where to put it. It is like pulling gnat poop out of pepper. On one side the 'invest the EF' camp is worried about missing out on possible gains on a "relatively" ...

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When writing a will what are other options/entities one can include outside of family or a charity to receive property, money, etc.?

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For those that responded they plan on 2-3% real, why invest in the stock market? This is a legitimate question that I have been pondering recently. I am not saying your assumption is wrong, I have no way of knowing, but if that is all that is expected it seems like owning sticks is more risk than re...

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Build up the emergency fund to at least 6 months. Max out retirement accounts. If you have anything left then consider a taxable investing account. Got term life insurance? Why 6 months? Just offering another opinion: https://earlyretirementnow.com/2016/09/07/debunking-emergency-funds-part1/ https:...

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Mine is pretty simple: Figure out savings/investing goal Set up automatic transfers to meet those goals Spend from what is left If there is still $ left at the end of the month save/invest it Repeat I tried YNAB, Mint, and manual spreadsheets and I found tracking each and every penny/transaction was...

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...how you make decisions around watches and cars... I would guess that the very same people that would never justify spending more than $200 on a watch are the same people that might own a Lexus over a Toyota... My decision on watches is not to buy one. My wife's cell phone tells us the time and I...

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My wife's parents are at high risk of dementia and struggle with alcohol abuse, yet their retirement plan is to "work until they croak". We've been keeping fully informed on their assets since our mid 20s so that we know how much it will impact us when they're no longer able to keep worki...

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As little as possible.

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I was once told that if a parent wants to accomplish things, they must create time rather than find it. Heading this advice I have been waking up around 4am to get in a quick jog, weight lifting (none of the which is anything to brag about, but it is better than nothing), Bible and prayer time, and...

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Think about it: Have you ever met anyone who regretted paying off their mortgage? This seems pretty important to me. Does anyone here regret paying off their mortgage early? I paid mine off in two lump sums in 2012/2013 and even knowing now the math would've favored investing instead, I still don't...

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Think about it: Have you ever met anyone who regretted paying off their mortgage? This seems pretty important to me. Does anyone here regret paying off their mortgage early? I paid mine off in two lump sums in 2012/2013 and even knowing now the math would've favored investing instead, I still don't...

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"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. I entirely agree. Most eight year olds will have a hard time just understanding what fractional ownership of a multinational company is. Heck, a lot of adults have trouble with that one...

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"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. I entirely agree. Most eight year olds will have a hard time just understanding what fractional ownership of a multinational company is. Heck, a lot of adults have trouble with that one...

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Some viable options in that slide deck. I’m not a big fan of slide articles so I only went to number 6, but the only location in 1-6 I haven’t been is Nicaragua. If push came to shove I could see pulling off something like this. Food for thought - I don’t think the majority of US citizens aged 60 o...

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I genuinely curious if someone can come up with an example where they would need 3-6 months' expenses RIGHT NOW in cash only. I feel like some people here wouldn't be happy without 2 years of cash, a year's supply of food, an independent power grid, and a pocket knife for good measure. Some points t...

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Some people are too literal. If one said they would drive their car until the wheels fell off someone would chime in about that being a safety hazard to others in the road...

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#1.
I'm with Saul on this one, I want the last check I ever write to bounce.
https://m.youtube.com/watch?v=fwqW1laFbg0

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According to my local enterprise office and the paperwork Ford is paying them $45/ day $1350/ month. If that is the case then there is a rapidly approaching deadline where they will have paid enterprise more than the car is actually worth.

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My goal is 10 years and 200,000 miles before considering doing anything. It has worked for most things except for a couple with unexpected and expensive failures although both were near the goals before having transmission failures. 20k miles a year? Dunder Mifflin sales calls must have you running...

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We all know there are only two answers to this question:
1) you don't need a car and should punch yourself in the face for even considering not riding a bike everywhere
2) drive a used Camry until your liquid assets are >$5M and then buy a Tesla

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Emergency funds: 6 months of expenses Debt: $149,000 mortgage @ 3.125% 19 years left Tax Filing Status: Married Filing Jointly Tax Rate: 22% Federal, 6% State Age:32 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 0% of stocks New 401k best options: Vanguard Instit...

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