Search found 299 matches

by beernutz
Sun Sep 27, 2020 9:36 pm
Forum: Personal Consumer Issues
Topic: DIY life style. Typical Boglehead?
Replies: 41
Views: 2998

Re: DIY life style. Typical Boglehead?

Tomorrow morning I'm replacing the window motor in my daughter's 4Runner. I think this is the 3rd window motor in different vehicles I've replaced. The stealership quoted me $1,000 for the new part and installation. I bought a used motor for $85.
by beernutz
Sun Sep 27, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a mortgage if I don't need one?
Replies: 26
Views: 2985

Re: Should I get a mortgage if I don't need one?

afan wrote: Sun Sep 27, 2020 1:50 pm Is that a fixed rate non callable loan?
If your question was to me, the interest rate is fixed for 7 years and the loan remains in place for as long as the WF account stays above the $1 million minimum balance. I think he got a similar offer from Morgan Stanley but he preferred the WF terms.
by beernutz
Sun Sep 27, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a mortgage if I don't need one?
Replies: 26
Views: 2985

Re: Should I get a mortgage if I don't need one?

There's another alternative besides getting a mortgage or paying cash. My brother just bought a $1.3 million house on the Florida coast. He put $1million in a Wells Fargo investment account and they loaned him the same amount for 7 years at 2%. He paid the rest in cash and saved a lot on his closing...
by beernutz
Wed Sep 23, 2020 12:37 pm
Forum: Personal Investments
Topic: 403(b) vs 457
Replies: 10
Views: 589

Re: 403(b) vs 457

I would be careful with generalizations about which is better as rarely are all other things equal. At my university we are offered both a TIAA 403b and a 457 through Valic. The Valic options are expensive and limited in comparison to TIAA's so that I don't know a single employee who participates in...
by beernutz
Tue Sep 22, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 14949

Re: Is Costco worth the $120 membership?

To paraphrase Yogi Berra, nobody goes to Costco anymore, it's too crowded.
by beernutz
Tue Sep 22, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 14949

Re: Is Costco worth the $120 membership?

Gort wrote: Mon Sep 21, 2020 6:15 pm
SuperGrafx wrote: Mon Sep 21, 2020 3:58 pm Awww, Costco.
Costco...held in high regard by seemingly all Bogleheads.
Like a cult.

Avoid at all costs.
Why?
Because reasons.

The wine, beer, and liquor deals at the local Costco by themselves are enough reason to have a membership.
by beernutz
Mon Sep 21, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: For those over 63 and who fish from a kayak
Replies: 14
Views: 1741

Re: For those over 63 and who fish from a kayak

I’m close to 63 and regularly fish from a kayak. Most of my fishing is in small rivers. When water is shallow , I’ve heard pedal drive kayaks can be a problem in rivers/creeks . I use a Crescent Lite Tackle after finding it easy to paddle even upstream. Our Hobie, like all the other pedal drive Hob...
by beernutz
Mon Sep 21, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: For those over 63 and who fish from a kayak
Replies: 14
Views: 1741

Re: For those over 63 and who fish from a kayak

Hobie Mirage series. Foot peddle kayaks. Hard or inflatable. This way you don’t have to stop fishing and put down or pick up a paddle. Hobies also tend to be more stable than the competitors. Most, if not all, now have seats that lift you an inch or two off the surface, so you aren't sitting in any...
by beernutz
Mon Sep 21, 2020 2:08 pm
Forum: Personal Consumer Issues
Topic: For those over 63 and who fish from a kayak
Replies: 14
Views: 1741

Re: For those over 63 and who fish from a kayak

I'm not yet 63 but close so I'll answer. I use a Field & Stream Eagle Claw kayak I bought several years ago from Dicks. It works pretty well for river fishing. I use an anchor pole and added a removable basket made from a plastic milk carton and another rod holder plus I have a cheapo portable fish/...
by beernutz
Sun Sep 20, 2020 5:55 pm
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 160
Views: 26230

Re: Trader Joe's Fans - good value?

Our Trader Joe's was so popular they moved the location to accommodate more parking spaces and built a new building from scratch. Ironically the new building lost all the charm of the old one and the layout of the store made the whole experience shopping there unappealing. So sadly I quit shopping ...
by beernutz
Sun Sep 20, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12906

Re: Is anyone waiting until after the election?

I am holding a small amount in cash, less than 1% of NW, above and beyond an emergency fund to buy a dip. If we don't have a dip, I'll be fine and just consider that money extra emergency fund. I'm going to need some cash at the beginning of the year anyway to put $7k into my Roth and fund Roths for...
by beernutz
Sun Sep 20, 2020 12:57 pm
Forum: Personal Investments
Topic: Lump sum mortgage payoff at 3.75% vs. invest
Replies: 15
Views: 1019

Re: Lump sum mortgage payoff at 3.75% vs. invest

2. If you read online reviews of just about any mortgage company you'll see reports that they are currently overwhelmed resulting in some long times to close and subsequent customer frustration. OP, I would wander over to the Mega Refinance Thread and see how quickly some of the refinances are (and...
by beernutz
Sun Sep 20, 2020 12:24 pm
Forum: Personal Investments
Topic: Lump sum mortgage payoff at 3.75% vs. invest
Replies: 15
Views: 1019

Re: Lump sum mortgage payoff at 3.75% vs. invest

I recently paid off a 4.5% mortgage with 27.5 years remaining. I considered refinancing with a 15 year 2.5% (2.9% APR) loan but decided to do the payoff for several reasons. 1. I had the cash as a result of recently liquidating some investments that were in a previously managed portfolio. 2. If you ...
by beernutz
Sat Sep 19, 2020 9:44 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 14949

Re: Is Costco worth the $120 membership?

What percentage of these discussions of the utilty of paying $60 or $120 per YEAR for ANYTHING are necessary?

My opinion is 0% but the mods keep allowing them so I must be in the minority.
by beernutz
Sat Sep 19, 2020 10:38 am
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 53
Views: 4137

Re: Guidance for breaking the news to our financial advisor

I went through similar feelings when I discontinued my Schwab managed portfolio arrangement earlier this year. I was "sold" the managed portfolio by our local Schwab rep and I'd been meeting and doing annual reviews with him for the last 14 years in addition to periodic phone calls which were as muc...
by beernutz
Fri Sep 18, 2020 4:55 pm
Forum: Personal Investments
Topic: Unwinding professional investment management
Replies: 9
Views: 922

Re: Unwinding professional investment management

I ended a 14 year managed relationship with Schwab earlier this year. Since I kept the investments at Schwab after the transition it was an easy process although the Schwab CS people I spoke to could not tell me if any or all of my institutional class managed investments would be liquidated prior to...
by beernutz
Fri Sep 18, 2020 2:54 pm
Forum: Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 112
Views: 16489

Re: Can I afford a $1,400,000 house

OP you are not the Millionaire Next Door.
by beernutz
Thu Sep 17, 2020 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50790

Re: How to get over finance envy

Unless you can see people's debt you have no idea how affluent they are.
by beernutz
Thu Sep 17, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13729

Re: Is this guy trying to scam me on a car I'm selling?

Latest messages. From #1 Sent: Thu, Sep 17, 2020 3:26 pm Subject: Re: 2008 DB C300 Sport Mission accomplished, I have the funds, as you wanted. Left Frederick at 0600, walked up to the bank door at 0905. Back in the car at 0940, arrived at work 1330. 6 hrs in the car was exhausting, although fruitf...
by beernutz
Wed Sep 16, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: what is your side job and income?
Replies: 87
Views: 10451

Re: what is your side job and income?

I work at a university and when my colleages retire or leave I resell their textbooks. Most of them but especially retirees don't want to take their old books with them so they are put in a common area. I learned more than a decade ago how valuable these books were so I go through them as soon as t...
by beernutz
Tue Sep 15, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: what is your side job and income?
Replies: 87
Views: 10451

Re: what is your side job and income?

I work at a university and when my colleages retire or leave I resell their textbooks. Most of them but especially retirees don't want to take their old books with them so they are put in a common area. I learned more than a decade ago how valuable these books were so I go through them as soon as th...
by beernutz
Mon Sep 14, 2020 9:24 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1708
Views: 223089

Re: Post your Financial Milestone Announcements Here

I paid off the 4.5% $191,000 mortgage on our second home today which had 27.5 years remaining. I considered a refi but this payoff feels SO MUCH BETTER. I can also now cancel the unnecessary flood insurance the mortgage company required saving at least another $1k per year. But is the area flood-pr...
by beernutz
Mon Sep 14, 2020 6:56 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1708
Views: 223089

Re: Post your Financial Milestone Announcements Here

I paid off the 4.5% $191,000 mortgage on our second home today which had 27.5 years remaining. I considered a refi but this payoff feels SO MUCH BETTER. I can also now cancel the unnecessary flood insurance the mortgage company required saving at least another $1k per year.
by beernutz
Mon Sep 14, 2020 1:03 pm
Forum: Personal Investments
Topic: How to calculate expense ratio?
Replies: 4
Views: 220

Re: How to calculate expense ratio?

This is my first post - I have learned so much from this board, thanks to all for sharing your wisdom. I'm a nerd, and I've even started listening to the podcast. And I *know* I need to simplify this portfolio in my employer-based 401k. I can put together a 4-fund portfolio (or put everything in a ...
by beernutz
Mon Sep 14, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: How old is a car that can still be traded in?
Replies: 52
Views: 4163

Re: How old is a car that can still be traded in?

We sold a 2004 Honda Pilot at carmax a few years go. They offered us diddly for the vehicle because they were going to auction it rather than resell it themselves, which they readily admitted. However, I hate selling vehicles private party so to avoid that hassle we took their offer. My wife was in ...
by beernutz
Sun Sep 13, 2020 8:56 pm
Forum: Personal Investments
Topic: Can I retire in 4 years?
Replies: 17
Views: 3981

Re: Can I retire in 4 years?

I think you are in good shape. I'm in a similar situation about 2 to 3 (at most) years to my estimated retirement. To help me visualize my cash flows in retirement I create a simple spreadsheet with rows for each stream and columns for each year. Me pension, start @ age 63 Me salary until pension st...
by beernutz
Sat Sep 12, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

I just went through the same math. I did a $400,000 refi into a 2.875% 30Y mortgage. This may sound crazy but after running the running the numbers (and assuming a 4.5 - 5% return on investment capital) I even thought about an interest only loan. Why pay it off? I appreciate the feedback. Ya know.....
by beernutz
Sat Sep 12, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11572

Re: Should we buy a $3M+ house with parental help?

OP would be mentally challenged to turn down a $1.5M no-strings-attached gift given their circumstances and income.
by beernutz
Sat Sep 12, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: How much money has been transferred out of Prime Money Market in the past year??
Replies: 13
Views: 1677

Re: How much money has been transferred out of Prime Money Market in the past year??

Current (8/31/2020) is listed on Bloomberg: https://www.bloomberg.com/quote/VMMXX:US As mentioned, historical are in prospectus: https://www.bloomberg.com/quote/VMMXX:US (page 35) Thank you. If Bloomberg is correct on their 8/31/20 number, Prime has increased by almost $20 billion in one year. This...
by beernutz
Sat Sep 12, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

No problem and no nerves struck. I think your conjecture is harmless but you should consider that circumstances are fluid for most people. Three years ago I had two children in college and today I have two graduates neither of whom have any student loans. Three years ago my millionaire mom was stil...
by beernutz
Sat Sep 12, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

jayoco wrote: Sat Sep 12, 2020 10:49 am I just went through the same math. I did a $400,000 refi into a 2.875% 30Y mortgage. This may sound crazy but after running the running the numbers (and assuming a 4.5 - 5% return on investment capital) I even thought about an interest only loan. Why pay it off?
I appreciate the feedback.
by beernutz
Sat Sep 12, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

No problem and no nerves struck. I think your conjecture is harmless but you should consider that circumstances are fluid for most people. Three years ago I had two children in college and today I have two graduates neither of whom have any student loans. Three years ago my millionaire mom was still...
by beernutz
Sat Sep 12, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

I talked our options over with my better half and I think we agree on paying off the mortgage. I really appreciate everyone's input on this. if the mortgage is 5% of your net worth today, it woulda been a similar figure 3 years ago . what changed? How could you possibly know that? i'm obviously usi...
by beernutz
Fri Sep 11, 2020 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

bling wrote: Fri Sep 11, 2020 9:31 pm
beernutz wrote: Fri Sep 11, 2020 7:35 pm I talked our options over with my better half and I think we agree on paying off the mortgage. I really appreciate everyone's input on this.
if the mortgage is 5% of your net worth today, it woulda been a similar figure 3 years ago. what changed?
How could you possibly know that?
by beernutz
Fri Sep 11, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

Watty wrote: Fri Sep 11, 2020 6:37 pm
beernutz wrote: Fri Sep 11, 2020 6:28 pm Ha, I wish 3% were a typo but that is best case for these bond funds.
If that is 3% --- per month --- then they are some very risky bonds indeed.
My mistake 3% per year.
by beernutz
Fri Sep 11, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

Better mortgage is quoting me 2.25% for a 15 year refinance on a second home with a 2.55% APR. However there is a new FHFA .5% fee to take affect later this year so they're pressuring me to lock in a rate. OTOH I have read numerous reviews which indicate that these mortgage companies including Bette...
by beernutz
Fri Sep 11, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Re: Refinance mortgage or pay it off?

Ha, yes 3% per month was a braino. I meant 3% per year. :oops:

Yes the taxable account is around $700k.

Thanks for everyone's thoughts so far.
by beernutz
Fri Sep 11, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1677

Refinance mortgage or pay it off?

I have a $191,000 4.5% mortgage with 27.5 years remaining on a second home which will ultimately be the site of my forever home. As mortgage rates have plummeted I considered refinancing the mortgage and have contacted a couple mortgage brokers. However in my taxable account I currently have a coupl...
by beernutz
Sun Aug 16, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19015

Re: Did any inheritance make positive effect on your life?

About 14 years ago I inherited mid-6 figures from an uncle which probably doubled my net worth at the time. We used the money to pay private K-12 tuition for two daughters and later to pay college expenses for both so that they graduated with no student loans. We also used it to pay federal/state ta...
by beernutz
Fri Aug 14, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2762097

Re: U.S. stocks in free fall

A 50% stock and 50% bond portfolio with 20% of stock to international is 10% overall to international and 90% to US. I do not believe that moves the needle much, if at all. This 20% cap on international investing is like a dude who sits by the side of the pool with only his legs in the water, while...
by beernutz
Fri Aug 14, 2020 1:10 pm
Forum: Personal Investments
Topic: Aggressive pessimism and yet investing
Replies: 36
Views: 2488

Re: Aggressive pessimism and yet investing

I'm wondering if I'm the only person that does this, but is anyone else a huge pessimist when it comes to investments, but still follow the Bogle way? No joke, I invest a huge portion of my income, but I never update my personal net worth records, because I'm under the assumption all growth will go...
by beernutz
Thu Aug 13, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Independent young - why not retire?
Replies: 42
Views: 5738

Re: Financially Independent young - why not retire?

It appears you certainly can retire. To me the main issue is do you want to.
by beernutz
Thu Aug 13, 2020 12:29 pm
Forum: Personal Investments
Topic: DCA vs Invest Everything
Replies: 50
Views: 2280

Re: DCA vs Invest Everything

The best day to invest was yesterday. Today is the next best day. You have a long timeline ahead of you and you'll have many more regrets than this along the way.
by beernutz
Wed Aug 12, 2020 11:24 am
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11400

Re: Moving to Cash?

Dow is 28,000, with an all time high pre corona virus of 29,000, it seems irrational to have the Dow only 3ish% off the all time high with so many unemployed , no end to corona in sight, rising national debt, retail is a mess, real estate especially commercial is a mess. I am thinking it is best to...
by beernutz
Tue Aug 11, 2020 11:54 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1640

Re: Moving truck rental add-ons

I have rented two Uhaul trailers in the last month and for both rentals I purchased the optional $24 insurance package. If you don't buy it you should definitely check with your auto insurer over whether you're covered or not for towing and if you are what exactly is covered. Many years ago a relati...
by beernutz
Tue Aug 11, 2020 11:28 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11338

Re: Convince me not to sell all my US equities to Cash temporarily

Badger1754 wrote: Mon Jul 20, 2020 2:15 pm Here, see this link.

And this image:

Image
Your in-laws sound charming.
by beernutz
Sat Aug 08, 2020 11:46 am
Forum: Personal Investments
Topic: Teacher Retirement Service Purchase Option Analysis Needed
Replies: 27
Views: 2099

Re: Teacher Retirement Service Purchase Option Analysis Needed

When I first started teaching I was hired as a temp faculty then offered a tenure track position after my first academic year. The state retirement system offered me the opportunity to buy back that first year of service for $2.2k, but my wife and I thought there was a strong likelihood we'd change ...
by beernutz
Thu Aug 06, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Snowbirding on the AL/FLA coast?
Replies: 14
Views: 1287

Re: Snowbirding on the AL/FLA coast?

The average January hi temp in Knoxville is 45 vs 60 in Mobile. I've lived in Mobile more than 20 years and got married here in the 80s and I've seen a flurry of snow once. I don't mean to be argumentative or defensive but seeing people write definitive statements about the place where I exist 24/7...
by beernutz
Thu Aug 06, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Snowbirding on the AL/FLA coast?
Replies: 14
Views: 1287

Re: Snowbirding on the AL/FLA coast?

I grew up in Mobile, AL, so I've got decent perspective on the beach towns in Alabama and NW Florida. MikeZ is right that the winters are still chilly and rainy. It'll average 5 degrees warmer on the coast than in Knoxville, and there will be snow only every 5-7 years, rather than once or twice per...