Search found 2320 matches

by mortfree
Fri May 22, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy Here?? [CARES payment received via prepaid Visa]
Replies: 66
Views: 7208

Re: Something Fishy Here??

It is legit. I read the article the other night as it was posted on Apple news app.

They most likely did not have your bank information. And decided that this is a fast and easy way to get the money to people.
by mortfree
Thu May 21, 2020 6:47 pm
Forum: Personal Investments
Topic: Trying to determine our next move...
Replies: 4
Views: 621

Re: Trying to determine our next move...

When I felt like I had too much money I started maxing my 401k.

This year the limit is 19.5k

Do that.

Problem solved
by mortfree
Tue May 19, 2020 7:41 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3910

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

If your position has a loss be sure to sell prior to the new tax year (2021) so you can claim it on your 2020 taxes.
by mortfree
Mon May 18, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on refinancing mortgage
Replies: 6
Views: 623

Re: Advice on refinancing mortgage

If you are both in the mortgage for refi and then divorce chances are you will need to refinance to get just your name on it.

I am not a lawyer or a real estate mortgage officer. I just read the fine print of my current refi.
by mortfree
Mon May 18, 2020 6:45 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3910

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

What if 6k is < 1% of your total investments?

Would folks still advise investing until you can contribute it to a Roth?
by mortfree
Mon May 18, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 1773

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Costco if you can

Regarding understanding dialogue, as part of your hearing exam you will be tested for a word recognition score.

HA’s will not give you super hearing powers. Your hearing still sucks.

Born with hearing loss. Managed to go without HA’s until age 38. Costco.
by mortfree
Sun May 17, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4386

Re: Three years of emergency fund too much in this time?

Is the 200k taxable account your emergency fund or is that in addition to your cash emergency fund? I originally thought the taxable account was investments. How much cash are we talking? Everyone’s situation is different but I think 100k cash would be my limit. That’s probably 2-2.5 years I recentl...
by mortfree
Sun May 17, 2020 2:59 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3910

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

I assume OP is preparing for 2021.

I overfund my EF then transfer the 6k in January of the new year.
by mortfree
Sat May 16, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down mortgage
Replies: 7
Views: 768

Re: Invest or pay down mortgage

Maybe you could refi to a 20 or 15-year mortgage. I had a 40k EF pre-Covid. Now EF is 65k or so. Other considerations for extra money would be home improvements, maintenance and upgrades. Car? If you need something done and don’t have the cash for it, most likely the rate to borrow money would be mo...
by mortfree
Sat May 16, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5690

Re: Thinking of buying a boat during pandemic – am I CRAZY?

It’s probably a violation to not have a boat if you have a lake house.
by mortfree
Sat May 16, 2020 3:41 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10753

Re: Please tell me I'm not crazy

You keep referring to current standard of living if you lose your job.

Yes you can cut some things but with job loss what will you do for medical insurance?

That would be an added expense right?
by mortfree
Thu May 14, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12424

Re: Selling home - low ball negotiation

I offered 380k on a 425k house. I knew I was low.

They came back with 420k.

That should be a similar move for you.

Note I didn’t buy that house but it sold eventually for 420k
by mortfree
Wed May 13, 2020 10:02 am
Forum: Personal Investments
Topic: Cash out refi to invest 100k
Replies: 30
Views: 2301

Re: Cash out refi to invest 100k

PMI will probably be required

I wouldn’t do it at all.
by mortfree
Wed May 13, 2020 1:37 am
Forum: Investing - Theory, News & General
Topic: Experts say now is not the time to buy into index fund
Replies: 38
Views: 4644

Re: Experts say now is not the time to buy into index fund

^^^^

Forrest also invested in a fruit company - Apple
by mortfree
Wed May 13, 2020 12:49 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1500
Views: 199435

Re: Tomorrow student debt free!

If you feel nothing on Thursday then you are handling your finances appropriately.

Congrats and enjoy the moment- for however long that may be.
by mortfree
Wed May 13, 2020 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7921

Re: Should you include home equity in Net Worth?

I focus on 4 categories: Retirement savings Taxable Investments Cash Home equity Then I run numbers with all four. I figure out the percent of the total for each category. Then when I don’t want to feel “rich” I subtract out the house. When I want to feel “poor” I only look at taxable investments an...
by mortfree
Tue May 12, 2020 7:35 pm
Forum: Investing - Theory, News & General
Topic: Experts say now is not the time to buy into index fund
Replies: 38
Views: 4644

Re: Experts say now is not the time to buy into index fund

Tv ratings. That is all this is about.

Move along.
by mortfree
Tue May 12, 2020 5:49 pm
Forum: Personal Investments
Topic: Invest or Pay Down Mortgage?
Replies: 14
Views: 937

Re: Invest or Pay Down Mortgage?

I would play with an amortization schedule. Double payments have you paid off in 3 years. How much of 50k would you need to: Payoff mortgage in 3 years but without double payments? If more than 50k needed, maybe 1.5 times monthly payment Or Payoff mortgage in 2 years with accelerated payments. Or an...
by mortfree
Mon May 11, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 6090

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 6090

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 6090

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency? I’m sitting on 75k cash right now. Then you sell whatever is higher. If desired AA is 80/20 and actual is 78/22, sell bonds first. If actual is 82/18, sell stocks first. In other words, you withdraw in the same manner as you c...
by mortfree
Mon May 11, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 6090

Re: Reacting to low interest rates

What if everything is not high when you need the money for an emergency?

I’m sitting on 75k cash right now.
by mortfree
Sun May 10, 2020 12:58 am
Forum: Personal Consumer Issues
Topic: Where should I go for extended warranty on my Toyota?
Replies: 35
Views: 1911

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

Skip the warranty.

Earmark $100/month for a potential repair.

You’ll probably never need it, just like the warranty.

Except you’ll still have your money.
by mortfree
Sun May 10, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 15
Views: 1712

Re: How much house can we afford?

What’s expensive to you? What do the homes in this particular neighborhood cost? They go anywhere from 500k to 1mil depending on the house My first house was 220k Current house was 400k and that was expensive to me. Don’t think that you have 800k if you said only 250k is not retirement savings. Why...
by mortfree
Sat May 09, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 15
Views: 1712

Re: How much house can we afford?

What’s expensive to you?

What do the homes in this particular neighborhood cost?

My first house was 220k

Current house was 400k and that was expensive to me.

Don’t think that you have 800k if you said only 250k is not retirement savings.
by mortfree
Sat May 09, 2020 8:52 pm
Forum: Personal Investments
Topic: 50K to invest, Where to put it??
Replies: 12
Views: 1556

Re: 50K to invest, Where to put it??

Consider a home equity loan or line of credit.

But I wouldn’t do that to invest.

Why not just use new money?
by mortfree
Sat May 09, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Got divorced how to get most value for exes wedding ring
Replies: 42
Views: 5180

Re: Got divorced how to get most value for exes wedding ring

There was a website called. I do, now I don’t.

See if they still let you list rings there
by mortfree
Sat May 09, 2020 6:44 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a house with leaky roof (fixed ~1 week ago)
Replies: 34
Views: 2488

Re: Advice on buying a house with leaky roof (fixed ~1 week ago)

Walk away. Or be prepared to pay money to fix it the right way. Assuming it is fixable. I don’t think anyone you listed will be looking out for you. Other than hiring your own roofer to do the inspection If anyone involved recommends a certain person or company do not hire that company. You might ev...
by mortfree
Sat May 09, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 1967

Re: Very Low Student Loan Interest Rate - Invest Instead?

The low rate helps you to pay it off quicker.

If it were higher it would be more of an uphill battle to pay it off.

Enjoy making an aggressive pay down while the rate is low.

Borrowing the money did what it was supposed to. An education that led to a well paying job.

Now you can pay it off
by mortfree
Sat May 09, 2020 3:59 pm
Forum: Personal Investments
Topic: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?
Replies: 12
Views: 1344

Re: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?

The words missing seem to be “tax loss harvesting”

That is a factor when selecting funds for taxable versus retirement
by mortfree
Sat May 09, 2020 3:53 pm
Forum: Personal Investments
Topic: Concerned Investor.
Replies: 26
Views: 4596

Re: Concerned Investor.

UTMA: VTI Low expenses and tax efficient. Perfect for a 1 year old with long time horizon.

International. Consider skipping.
by mortfree
Sat May 09, 2020 10:20 am
Forum: Personal Investments
Topic: Gift Savings for Children
Replies: 9
Views: 614

Re: Gift Savings for Children

Instead of 10k, hand the money off when it hits 5k. Rinse and repeat. Or give the 2k now and start over If you’re able to do the above I can’t imagine there is much impact to having the money “sit around”. Offload it sooner and you won’t have to worry. Another advantage is with smaller amounts (2k i...
by mortfree
Sat May 09, 2020 10:16 am
Forum: Personal Consumer Issues
Topic: Rocks or Mulch?
Replies: 37
Views: 2093

Re: Rocks or Mulch?

Mountain pinks
day lillies
Lariope

Spelling may be off.
by mortfree
Thu May 07, 2020 2:45 am
Forum: Personal Finance (Not Investing)
Topic: one more mortgage thread
Replies: 20
Views: 2003

Re: one more mortgage thread

Currently you don’t have enough cash to pay off the mortgage. You are fixated on 3 million. So it hits that tomorrow and now you’ll start paying down the mortgage with new money. But next week your investments drop below 3 million so you stop paying extra to the mortgage? I’d update the IPS to say 3...
by mortfree
Wed May 06, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: one more mortgage thread
Replies: 20
Views: 2003

Re: one more mortgage thread

Is your mortgage balance currently 180k or was that the original loan amount? This 100k is completely extra. You have close to 3 million. A terrific mortgage rate. What is the long term plan for this house - staying awhile or will you sell in a few years? I would lean to paying the balance down to 1...
by mortfree
Sat May 02, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway is hammered
Replies: 60
Views: 11956

Re: Berkshire Hathaway is hammered

I know what I’ll be buying soon.
by mortfree
Sat May 02, 2020 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Possible cash withdrawal error by bank?
Replies: 37
Views: 1692

Re: Possible cash withdrawal error by bank?

You meant Feb 28, 2020, right?

Good catch on the duplicate transaction sets that are not in your favor.

Should be an easy fix
by mortfree
Tue Apr 28, 2020 2:33 am
Forum: Personal Investments
Topic: Thoughts on Emergency Fund
Replies: 13
Views: 1949

Re: Thoughts on Emergency Fund

EF’s Renting: 10k to 25k Homeowner: 25k to 35k Homeowner with kids: 30k to 45k YMMV of course depending on your personal numbers. This cash cushion also can be used for purchases: lawnmower, furniture, car repairs, roof, HVAC, etc. Amounts above may seem large early in your career but eventually you...
by mortfree
Sat Apr 25, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1423

Re: Tax return lost in mail (during weird pandemic times...)

It’s not lost as others have pointed out.

I wouldn’t do anything at this point.

Yes, the IRS mailing address is different depending on if you get a refund or owe money. Some states may be an exception.
by mortfree
Sat Apr 25, 2020 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Mobile Deposits/ATM
Replies: 42
Views: 1693

Re: Mobile Deposits/ATM

When depositing a check from someone else a common practice used to be to include the account number under the signature (back of the check).

Now “For (Mobile) Deposit Only” seems to be the recommendation.
by mortfree
Sat Apr 25, 2020 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Mobile Deposits/ATM
Replies: 42
Views: 1693

Re: Mobile Deposits/ATM

My credit union has a low limit for mobile deposit.

However, they will make exceptions.

I walked out of a real estate transaction with a 20k check. I called them up. They took down the details. Told me to go ahead and open the app and do the deposit.

Very simple. Give that a try if needed
by mortfree
Sat Apr 25, 2020 3:02 am
Forum: Personal Consumer Issues
Topic: [how to help ill father-in-law who lives 1000 miles away]
Replies: 18
Views: 2140

Re: Unfortunate cancer diagnosis

FaceTime. Video chat.

Including when he goes to the doctor.
by mortfree
Fri Apr 24, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Please rate my stimulus check plan!
Replies: 19
Views: 1257

Re: Please rate my stimulus check plan!

401k is $19,500 to max in 2020 (per person)

So that just got you another -$1000
by mortfree
Fri Apr 24, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Indecision
Replies: 12
Views: 973

Re: Refinancing Indecision

You keep saying over the life of the loan which I assume is 30 years since that is what the refi is going to be. However, you said in your first paragraph that you don’t know how long you will stay in this place. So that means you won’t have the property for the life of the loan? What happens if ins...
by mortfree
Thu Apr 23, 2020 6:42 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs Robo Advisors? (Looking at switching from EJ)
Replies: 14
Views: 885

Re: Currently with Edward Jones...

Determine where you want to switch to.
Don’t tell EJ.
Gather all documents from EJ before they kick you out.
Have the new company initiate the transfer.

Others will fill in the blanks.

Good luck
by mortfree
Wed Apr 22, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Are you a market timer if you sit on cash?
Replies: 26
Views: 2268

Re: Are you a market timer if you sit on cash?

On a good day I have 750k in the market (taxable, Roth, 401k).

Recently I went from 40k cash to 60k-70k cash.

I don’t consider that market timing.
by mortfree
Sun Apr 19, 2020 2:35 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12049

Re: I'm out [of the market]

Eh, this isn’t a big deal.

You won.

May you live many many more years.

Enjoy.
by mortfree
Sun Apr 19, 2020 1:58 pm
Forum: Personal Consumer Issues
Topic: Selling house- how to transfer smart home accts to buyer?
Replies: 26
Views: 1477

Re: Selling house- how to transfer smart home accts to buyer?

I had a nexia thermostat at my old house.

The owner tried to assign the thermostat to his new account but I had to confirm via email that I released the item to him.

I figured this out by going to the manufacturer’s website FAQ.
by mortfree
Sat Apr 18, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Expecting Child #1 - Cost Saving Ideas?
Replies: 55
Views: 2157

Re: Expecting Child #1 - Cost Saving Ideas?

Crib Pack n play Diapers (pampers baby dry) Wipes Diaper genie or similar Small bags for #2 diapers Formula: request samples from Similac and Enfamil. Bonus coupon book. Halo sleep sack Graco rear facing car seat Stroller frame for car seat Bottles Pacifier Zipper outfits Caddie for diapers wipes su...
by mortfree
Fri Apr 17, 2020 4:23 pm
Forum: Personal Investments
Topic: Investing for newborn
Replies: 15
Views: 883

Re: Investing for newborn

For this situation I would invest the money in your account. Simplicity and flexibility. However what is the plan for monetary gifts given directly to the child from others? That is where the UTMA/ UGMA would help. My oldest son(6) has: Credit union Savings CapOne Savings E*Trade Newborn (3 weeks) C...