Search found 2575 matches

by jharkin
Fri Jun 12, 2020 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance or not?
Replies: 3
Views: 399

Re: Refinance or not?

I got quoted 3.00 *no cost* yesterday. 2.5-2.75 is easily obtainable if you pay a little.

At these rates why wouldn’t you refinance? It’s basically free money.
by jharkin
Thu May 21, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: Blown Power Amplifier: Repair or Replace? [resolved]
Replies: 39
Views: 2022

Re: Blown Power Amplifier: Repair or Replace?

+1 on not replacing the fuses until you figure out what caused them to blow. Its a solid state amp, the output stage consists of a bunch of high power transistors (they would be under that large finned heatsink that takes up most of the top in your image. Odds of one of them failing is pretty low, u...
by jharkin
Thu May 14, 2020 6:41 pm
Forum: Personal Investments
Topic: **AMAZED** Just venting
Replies: 16
Views: 2509

Re: **AMAZED** Just venting

This will get locked, but before it does, I wanted to tell you that you are not alone. We are not all millionaires here who inherited a trust and make 500k a year. I’m not. My parents have negative net worth, I had to support them for most of my 20s and that put me way behind on saving. My wife didn...
by jharkin
Thu May 14, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5556

Re: Anyone booking flights for 2021 travel?

I am not booking anything for next summer until I see how things go this fall, and we get a better sense of if/when a vaccine is coming.

Many states that reopened early are having (sadly predicted) hotspots re-emerge. I thinking continuing on and off lockdows will be with us for some time.
by jharkin
Wed May 13, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9876

Re: Turning 30. Living 30s without regrets

Sounds like you should spend more money. +1 Other than the retirement balance, you have already achieved more financially than I have in my mid-40s. More than most people will in their entire life. I did hit director level by 33 however.... but that was mostly luck.. And frankly I decided i didn't ...
by jharkin
Wed May 13, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3471

Re: nice 20% insurance premium increase

$3700 for auto Are you insuring Ferraris? Or do you have a bunch of 16 year old new drivers with an accident history on the policy? Just shocked at that number. We pay $600/year/car. And thats for the max 250/500 liability and full collision/comprehensive on 2014/2017 model year vehicles. This is t...
by jharkin
Tue May 12, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to consider home improvement expenses
Replies: 25
Views: 1364

Re: How to consider home improvement expenses

Most of the spending on the house is really an expense. Repainting, replacing the roof, updating worn out hardware or replacing end-of-life appliances... none of these have any meaningful impact on the value. At most, not doing them may lower the value somewhat as the appraiser would mark the condit...
by jharkin
Tue May 12, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3471

Re: nice 20% insurance premium increase

Jags4186 wrote: Tue May 12, 2020 11:54 am
$3700 for auto
Are you insuring Ferraris? Or do you have a bunch of 16 year old new drivers with an accident history on the policy?


Just shocked at that number. We pay $600/year/car. And thats for the max 250/500 liability and full collision/comprehensive on 2014/2017 model year vehicles.
by jharkin
Tue May 12, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3471

Re: nice 20% insurance premium increase

So your homeowner’s/auto coverages are lumped together in one big bill? I’m surprised, since we get separate bills for homeowner’s and each vehicle. Can you tell specifically which coverage went up in price? +1. I did get a little rebate for auto but it was small. 20% off 2 months. About $40 total....
by jharkin
Tue May 12, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Hang on to old car or buy new one?
Replies: 38
Views: 2237

Re: Hang on to old car or buy new one?

Yesterday I spent $660 on new tires, $209 for driveline transmission service, $63 for driveline T-case service, $160 for Rec Rack & Pinion Unit (replacement of a right side bellows boot), $104 for a new oil filter adapter gasket, $20 for valve stem/service kit, $44 for computer spin balance, $12 fo...
by jharkin
Tue May 12, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Hang on to old car or buy new one?
Replies: 38
Views: 2237

Re: Hang on to old car or buy new one?

How is the acura costing you $2k/year in repairs? Is it a lemon? That car has low miles and isnt that old...how can it possibly cost that much per year to maintain? I hope you're not including the cost of insurance and fuel. They probably go to the dealer and pay their exorbitant rates for simple s...
by jharkin
Mon May 11, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9750

Re: Ally lowers APR on savings from 1.5% to 1.25%

Capital One was still at 1.5 this morning but I’m sure they will drop shortly as well.


Inevitable, and not making any moves. The rate has dropped before. Someday it will rise again... and then drop again. Short term emergency savings money stays in safe low yield for a reason.
by jharkin
Mon May 11, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: post covid 19 office work - was coronavirus a game changer for telecommunting?
Replies: 48
Views: 3895

Re: post covid 19 office work - was coronavirus a game changer for telecommunting?

A bad thing is the link between home and work is blurred for me now. I catch myself looking at my work email in the evenings and such. I also notice my water and electricity usage is up, so maybe that offsets the car savings. Almost certainly not, unless you have crazy electricity prices (New Engla...
by jharkin
Mon May 11, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage lender asking for copy of parents trust
Replies: 12
Views: 845

Re: Mortgage lender asking for copy of parents trust

+1

Cant see how parents situation is relevant unless you are using the trust for income/collateral on the loan.
by jharkin
Mon May 11, 2020 5:47 am
Forum: Personal Consumer Issues
Topic: Where should I go for extended warranty on my Toyota?
Replies: 35
Views: 1941

Re: Where should I go for extended warranty on my Toyota?

I'm planning to buy a Toyota, partly so I don't even need to consider an extended warranty. This. Extended warranties generally only make financial sense for German luxury vehicles. I can’t even remember the last time I had a non-warranty major repair on a Toyota or Honda, and I generally keep them...
by jharkin
Mon May 11, 2020 5:31 am
Forum: Personal Finance (Not Investing)
Topic: post covid 19 office work - was coronavirus a game changer for telecommunting?
Replies: 48
Views: 3895

Re: post covid 19 office work - was coronavirus a game changer for telecommunting?

It will make it more acceptable, but I don’t see industries going 100% I actually miss going to the office. We are maintaining productivity as well, but I find the workload far worse, as we have to schedule many excess meetings to replace informal hallway chats, all the managers setting up daily hud...
by jharkin
Sat May 09, 2020 8:11 am
Forum: Personal Consumer Issues
Topic: Does keeping ice packs in fridge save energy?
Replies: 27
Views: 2864

Re: Does keeping ice packs in fridge save energy?

I get these ice packs that are filled with some type of gel or liquid type substance with my deliveries when the ordered items need to be kept cold. I have ended up getting quite a lot of them. So what I am wondering is, if every now and then, I transfer them out of the freezer (they get rock hard ...
by jharkin
Sat May 09, 2020 8:03 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8907

Re: Percentage of savings to "prepping"?

I like to have enough on hand to get through a short term natural disaster... like a hurricane that cuts off power for a week. Or floods. A year of supplies? That sounds a bit “doomsday cult”ish. Think about it, if the world went to $*&&#*@‘ such that you needed a year of supplies, what do you do wh...
by jharkin
Wed May 06, 2020 9:30 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4688

Re: 2020 travel plans

We cancelled everything.

I suspect that either most things will still be closed, or will be open but a second wave resulting, even come fall.
by jharkin
Sun May 03, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 2950

Re: Houses Are Not Edible

I don’t see anything wrong with your theory... but I don’t think many families that can survive on 30k a year of spending have 60k of equity available under 60DTI.
by jharkin
Sun May 03, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6823

Re: Please help me unravel my parents mess

Your parents made at least 3x the US median income all their life, and have something like 2MM plus a paid off house. What exactly is the problem here? Even if they got sold some less than ideal investments, they are better off than 95% of their peers. Unless they have asked for help I’d stay out of...
by jharkin
Thu Apr 23, 2020 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 10014

Re: Best Covid19 resistant job

........
by jharkin
Tue Apr 21, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7446
Views: 508634

Re: Refinance Mega Thread

Yes, NBKC was through Costco. I honestly cannot say enough good things about them. Ive done 2 NBKC/Costco loans in the last year (+1 about 8 years ago on prior house) - purchase @4.125 and refi at 3.75 just before covid (these are for super conforming). Love NBKC. Are you seeing under 3% from them ...
by jharkin
Tue Apr 21, 2020 6:49 am
Forum: Personal Finance (Not Investing)
Topic: HOA wants house painted. Renters want to do it. Thoughts?
Replies: 26
Views: 2339

Re: HOA wants house painted. Renters want to do it. Thoughts?

$2500 is insanely cheap to paint ( I assume you are talking a house exterior?) When we had our previous 1300sq cape style house painted it cost about $10k for prep and paint ( spray with brushed trim). Our new house is twice as big but newer so less prep labor, still I’m expecting $15k plus when the...
by jharkin
Mon Apr 20, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10630

Re: Laid off!!

#5 - No. Unless this is a mom and pop, they have a legal/compliance department that has ensured this was done in a way they cant easily be held liable for. If you fight them, they have much deeper pockets and more lawyers. Its a loosing battle. I know this hurts, but in all my years of working at pu...
by jharkin
Mon Apr 20, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 7076

Re: $1M home purchase - can we afford it?

1300 is TINY. No, a tiny house is tiny. 1300 is small/cozy. It till had enough room for 3 bedrooms (each large enough to fit a queen size bed + furniture), a living room, a den, a home office, a kitchen and a dining room. Its roughly the amount of space that most American families lived in prior to...
by jharkin
Sun Apr 19, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Recommend a low cost CADD program
Replies: 11
Views: 528

Re: Recommend a low cost CADD program

If you are just trying out layouts for home renovations you don’t need a real industrial CAD system. A free tool like Autodesk Homestyler is easy to use and purpose made for this: https://www.homestyler.com/ Btw, it’s simply called CAD these days..l havent heard an engineer use second D in CADD in a...
by jharkin
Sat Apr 18, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 7076

Re: $1M home purchase - can we afford it?

If a couple making $340k a year can't afford a TWO THOUSAND SQUARE FOOT HOUSE there's something seriously wrong. I mean, thats tiny. There may be something seriously wrong though. We lived in 1300 with 1 bathroom and 2 kids for a decade. Most generations before the current lived in even less. Peopl...
by jharkin
Fri Apr 17, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29686

Re: [Government stimulus payments]

Ours showed up on 4/16. We had a small (3 figure) refund for TY2019 and I had filed back in Feb so IRS has bank info on file. We are in the phaseout range so I imagine one of last batch to go out by direct deposit. Action: We are both still employed in WFH capacity so no need for the money. I will d...
by jharkin
Fri Apr 17, 2020 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a home in this range?
Replies: 31
Views: 2862

Re: Can I afford a home in this range?

A 1.3m home on 400k income? IF you didn’t have the highs student debt load and IF that income was gold plated guaranteed and IF we could all be confident housing wasn’t going to implode due to the CV situation... maybe. But even then that would be on the edge of what I’d be comfortable with, and I t...
by jharkin
Fri Apr 17, 2020 6:55 am
Forum: Personal Investments
Topic: Anyone preparing to sell all their stock holdings to raise cash?
Replies: 36
Views: 3245

Re: Anyone preparing to sell all their stock holdings to raise cash?

birdog wrote: Thu Apr 16, 2020 9:04 pm Markettimerheads! ......and to that I simply say “thank you”.
Really does feel like I’m reading that site the last few months. I miss jack.
by jharkin
Thu Apr 16, 2020 7:48 am
Forum: Personal Investments
Topic: My friend says his Roth and 401k are higher than before the pandemic started
Replies: 49
Views: 5749

Re: My friend says his Roth and 401k are higher than before the pandemic started

I rebalanced my Roth in February: SCHA 585 shares (currently $53.75/share) Cost Basis $76.80/share SCHM 320 shares (currently $44.49/share) Cost Basis $61.87/share Currently down 29.42%. Did I just have really bad timing? I'm sure it won't matter in 30 years from now, or even next year when I put i...
by jharkin
Thu Apr 16, 2020 7:43 am
Forum: Personal Investments
Topic: My friend says his Roth and 401k are higher than before the pandemic started
Replies: 49
Views: 5749

Re: My friend says his Roth and 401k are higher than before the pandemic started

My friend said his Roth IRA and 401k balances are higher than before this pandemic started. I am wondering how this can be? My accounts are down about 25-30% since the high in February. Back then the DOW was 29,500 and it's currently around 23,400 so that sounds about right. But he says the S&P is ...
by jharkin
Wed Apr 15, 2020 1:41 pm
Forum: Personal Consumer Issues
Topic: At what point is it necessary to cut down dead trees?
Replies: 46
Views: 2662

Re: At what point is it necessary to cut down dead trees?

Call up your utility company. They are more interested in being sure the tree doesn't ruin their infrastructure. They will do it for free. Ha! If only that where true... At a previous house, we had a severely diseased tree - trunk was literally hollow at the base, that not only was threatening the ...
by jharkin
Tue Apr 14, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14386

Re: How many paid for kids' college?

Now with kids in elementary, I have modest 529s for them both but I am under no illusion I will be able to afford anything like paying for their entire tuition - especially not private school... we don't make the mid-high 6 figure incomes many on this forum do. I will help as much as I can. If you ...
by jharkin
Tue Apr 14, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14386

Re: How many paid for kids' college?

My parents did not as they could not afford to. Messy divorce when I was very young, layoffs, lost the house when I was a teenager.. I'm lucky I could even afford to go to college and I funded it primarily on my own though merit scholarship (1/2), perkins grants, stafford loans and work study/summer...
by jharkin
Tue Apr 14, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: Stale Gasoline?
Replies: 25
Views: 1886

Re: Stale Gasoline?

I try to keep 20 gallons in my shed (4 five gallon containers). In the summer, it’s used for the lawn tractor, and in the winter, mostly for the generator and snow blower. But this past winter, I did not use either. I find it’s a pain to rotate and keep them filled. But I will be happy I have them ...
by jharkin
Tue Apr 14, 2020 8:38 am
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1612

Re: Lawn tractor not starting

It has been a while since I owned a riding lawn mower but as I recall you were suppose to take the battery out and keep it somewhere warm during the winter. You can research it on the internet but if you left it in a shed over the winter where the temperatures were freezing and it fully discharged ...
by jharkin
Mon Apr 13, 2020 6:21 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7966

Re: What's behind huge layoffs at unicorns?

Top Tech unicorns can't furlough workers for 2 specific reasons: 1.) They mostly hire top tier technical talent. 2 ) Top technical talent would have a new offer at higher pay by the end of the week. Even now, top companies are interviewing and hiring at scale. You didn’t live through the dotcom imp...
by jharkin
Mon Apr 13, 2020 6:31 am
Forum: Investing - Theory, News & General
Topic: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a year?
Replies: 60
Views: 4129

Re: How come an immediate annuity can pay a 60 year old 5.2% but if he had a 60/40 portfolio he can only take out 4% a y

They can pay more because they don't have to plan for you to live to 100 or beyond. For every person who lives to 100 and would have exhausted their savings by drawing at that rate, there's a person who only lives to 88 and would have had substantial principle left over. On the other hand, the pers...
by jharkin
Sat Apr 11, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 13307

Re: Executive pay cut request: How to respond?

If I was on the board with the company bleeding and my executive wasn’t happily willing to take a pay cut in the best interest of the organization that pays him a generous salary when the going is good I’d immediately know I hired the wrong guy. I’d launch you faster than you can blink. Good luck. ...
by jharkin
Sat Apr 11, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29686

Re: just got my $1200 stimulus payment

Just remember the stimulus is just a forward credit and will be taken out of your standard deduction next year. Regardless of your means to spend, save, donate, I would set aside some of it to pay a potentially higher tax bill next year or less of a refund than you typically expect. https://www.sno...
by jharkin
Sat Apr 11, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29686

Re: just got my $1200 stimulus payment

I read that IRS is processing them in reverse order of AGI (lowest to highest) for direct deposits then moving to paper checks. Didn’t get ours yet, we are in the partial phaseout range so I’d guess next week sometime. We are blessed to both still draw full pay at home, so I plan to donate some of i...
by jharkin
Sat Apr 11, 2020 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 13307

Re: Executive pay cut request: How to respond?

Something I've never understood is, why do companies ever give severance? As a steely eyed capitalist, when times are tough and people need to get laid off, where do the companies suddenly find the money to pay severances? They pay severance to avoid being sued. If you get a severance you will be a...
by jharkin
Sat Apr 11, 2020 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 13307

Re: Executive pay cut request: How to respond?

You're being paid >$1mil a year. My target compensation is actually $700K, but it's mostly variable. I'm assuming pay will fall far short of target due to the economy. Could easily end up around $200K this year after pay cuts. Your 25% of target pay cut would be more then we earn in a trpical year....
by jharkin
Fri Apr 10, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much to have saved by age
Replies: 4
Views: 796

Re: How much to have saved by age

"Financial Samurai" was making high-6 to low 7 figures in his early 30s working in the bay area before he started FIRE blogging. He lives in a high income bubble, evidence by the time he famously wrote a post claiming that 250k a year could not afford a middle class lifestyle :oops: I would take any...
by jharkin
Fri Apr 10, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 103
Views: 7437

Re: [Auto insurance companies issuing refunds due to coronavirus]

new2bogle wrote: Fri Apr 10, 2020 11:27 am Amica providing 20% off auto premiums in Apr and May.
Saw that. Going to be a whopping $20 or so per car.

Not complaining though, they don't have to do this and they have always treated us well.....
by jharkin
Fri Apr 10, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1901

Re: 401k match suspended

The first company I worked for out of college offered nice benefits - free health insurance, 5% 401k match, ESPP, free food, business class tickets for all work trips, etc. In the aftermath of the dotcom implosion and 9/11 they cut back the 401k, started charging for health, and eliminated everythin...
by jharkin
Fri Apr 10, 2020 9:55 am
Forum: Personal Investments
Topic: Reduce 401k’s Contributions to pay down mortgage?
Replies: 18
Views: 963

Re: Reduce 401k’s Contributions to pay down mortgage?

I wouldn't. Paying down the mortgage in even 15 years is phenomenal.... and remember that mortgage rates are so low right now its practically free money after inflation and tax deductions. Money tied up in your house is money not available to invest or to draw on to pay emergency expenses. If you ar...
by jharkin
Fri Apr 10, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: Investor says Stock Market Gains will only be 2% a year next 20 years
Replies: 110
Views: 10180

Re: Investor says Stock Market Gains will only be 2% a year next 20 years

“In the last 100 years, we’re used to delivering perhaps 6%,” but the U.S. market will be delivering real returns of about 2% or 3% on average over next 20 years, the value investor and co-founder of Boston-based asset manager GMO told CNBC in a rare interview. Over the past five years, the S&P 500...