Search found 114 matches

by Hoosier CPA
Mon Apr 27, 2020 3:37 pm
Forum: Personal Investments
Topic: Using 457 for emergency funds
Replies: 22
Views: 1050

Re: Using 457 for emergency funds

I work for a mammoth hospital non-profit where I have a 457 plan available. Would you see any issues in using a 457 for a portion of emergency fund savings? The way I see it, in the event of a job loss, I'd could then pull the funds from the 457 as needed. A governmental 457 plan is an excellent so...
by Hoosier CPA
Mon Apr 27, 2020 2:55 pm
Forum: Personal Investments
Topic: Using 457 for emergency funds
Replies: 22
Views: 1050

Re: Using 457 for emergency funds

I think what you're saying is that you want to increase your emergency fund for a potential job loss, and to do that you would need to decrease contributions to your retirement account. You're suggesting that instead you could continue to contribute and invest that money in your retirement accounts...
by Hoosier CPA
Mon Apr 27, 2020 2:51 pm
Forum: Personal Investments
Topic: Using 457 for emergency funds
Replies: 22
Views: 1050

Re: Using 457 for emergency funds

I've focused on debt reduction over the past few years So what do the numbers look like if you don't change retirement contributions but just redirect towards an emergency fund the money that was going to debt? Good question - that will help but I'd like to move more quickly than that will allow.
by Hoosier CPA
Mon Apr 27, 2020 2:29 pm
Forum: Personal Investments
Topic: Using 457 for emergency funds
Replies: 22
Views: 1050

Re: Using 457 for emergency funds

If you have 1 month of expenses saved and are worried about job loss, it's time to abandon all savings (except maybe getting a match if applicable) and build the emergency fund. I'd go Roth before 457 but depending on the relative numbers it may not be enough. My expenses are more than 6k/month so ...
by Hoosier CPA
Mon Apr 27, 2020 1:55 pm
Forum: Personal Investments
Topic: Using 457 for emergency funds
Replies: 22
Views: 1050

Using 457 for emergency funds

Sorry if this was addressed in another thread - I couldn't find it by searching. This pandemic has made me re-think the amount of funds I keep on hand for emergencies. I haven't focused on this previously, keeping only about a month or two on hand in cash, at most. My main concern in increasing the ...
by Hoosier CPA
Thu Apr 23, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: Which new kid's bike to buy online?
Replies: 42
Views: 1894

Re: Which new kid's bike to buy online?

25 years ago, weary of the Toys-R-Us revolving door replacing bike$ as kids grew, wanted to move them up ASAP to full size. Kids were ages 8 & 10. Bought (2) Nishiki Pueblo mountain bikes at Dick's: 16.5" frame/26" wheel, $280 each. (They still ride them.) YMMV :beer We bought our 11 ...
by Hoosier CPA
Fri Mar 27, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 105
Views: 21246

Re: Paying $20 to E-File State Return

Searched for this topic and found his old thread. Just expressing frustration with the extra cost Turbotax adds to efile state. Prefer to print and mail it, but in the COVID age, might do so to avoid going to the post office. I'd want to get delivery confirmation so I don't think I could just drop i...
by Hoosier CPA
Thu Mar 05, 2020 11:51 pm
Forum: Personal Consumer Issues
Topic: Costco Tires
Replies: 95
Views: 8632

Re: Costco Tires

Bought my last 4 or 5 sets of tires from Costco. Good prices. Getting tires rotated was always an ordeal. The last set I bought had issues with premature wear. Costco wouldn't warranty them but Discount Tire would, so I switched. Prices seem similar, and I'm much happier with the on-going service al...
by Hoosier CPA
Wed Mar 04, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage.
Replies: 15
Views: 1826

Re: Should I refinance my mortgage.

I checked mortgage professor and LenderFi. Neither has better deals than my local lender. Will keep checking. Whether I go with another 30 or a 20, either rate is lower than where I'm at now, so I think I'll do something... Edit - looking at this more closely - I ran the amortization table for the 2...
by Hoosier CPA
Tue Mar 03, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage.
Replies: 15
Views: 1826

Re: Should I refinance my mortgage.

Appreciate the opinions. I've shopped around a bit, but in the past, this particular bank has always been ahead of others in the area. I'll continue to look. I get the financial theory of putting less on the mortgage and more in the market, particularly in tax-advantaged accounts. And I appreciate t...
by Hoosier CPA
Tue Mar 03, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage.
Replies: 15
Views: 1826

Re: Should I refinance my mortgage.

I'm looking at something similar so I thought I'd add to this thread. Sorry if it's a hijack. Currently owe $220K at 3.5% with just under 23 years remaining. Checked with my bank that I can refi, with virtually no cost (under $400), into one of the following: 30 year @ 3.25% 20 year @ 3.125% 15 year...
by Hoosier CPA
Sun Aug 18, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 8175

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I did not like the nauseating feeling of seeing everything we spent twice - once at time of purchase and once at time of credit card bill. It didn’t work for me, personally, even though I had a card with rewards for many years. I’m happier without it. Husband likes the simplicity of it, and we’re n...
by Hoosier CPA
Fri Jun 28, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: .
Replies: 88
Views: 5858

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

chevca wrote: Fri Jun 28, 2019 11:30 am Then the valve stem failed. The TPMS is a sensor, nothing more.
Yes, but it's a system with additional seals, etc that aren't part of a simple valve stem, so the system failed. The TPMS didn't work either but that didn't cause the leak.
by Hoosier CPA
Fri Jun 28, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: .
Replies: 88
Views: 5858

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

I had one fail because it rusted out or was corroded and as a result the seal went bad and the tire wouldn't hold air. I was late to a job interview as a result (they understood but still it was unnecessary - luckily the car was in my garage so I was able to change clothes before dealing with the t...
by Hoosier CPA
Fri Jun 28, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: .
Replies: 88
Views: 5858

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

I had one fail because it rusted out or was corroded and as a result the seal went bad and the tire wouldn't hold air. I was late to a job interview as a result (they understood but still it was unnecessary - luckily the car was in my garage so I was able to change clothes before dealing with the ti...
by Hoosier CPA
Wed Jun 26, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 10124

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

czr wrote: Wed Jun 26, 2019 2:34 pm 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.
What does tithing have to do with any of this?
by Hoosier CPA
Wed Jun 26, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 10124

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

I read one of his books and I seem to remember him saying he only recommends this if it's going to take 2 years or less to get to the point where one is investing. His whole plan is one size fits all and it's focused on doing one thing at a time. So he's starting with someone in debt, no savings, no...
by Hoosier CPA
Wed Jun 26, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 10124

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

I believe he's said many times it isn't necessarily the math, but the attitude for the reason he states that. Gain the momentum to see debt balances decrease and encourage to continue the payoff process. Agree - consider the audience and it makes perfect sense. If you have a handle on things financ...
by Hoosier CPA
Fri May 10, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Self-Propelled Lawn Mower
Replies: 19
Views: 1279

Re: Self-Propelled Lawn Mower

Don't buy a front wheel drive. They are not ineffective - as the front wheels bounce, they spin and loose traction.

For a 1/4 acre lot, don't loose sleep over this - any decent brand will be fine.
by Hoosier CPA
Mon May 06, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 8540

Re: How much do you donate?

10%, mostly to my local church. Not sure everyone considers that donating. Would like to increase it over time...
by Hoosier CPA
Thu Apr 11, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 66
Views: 6645

Re: YouTube TV is increasing their price - will you cancel it?

We cancelled but were thinking about doing so anyway. We mainly have it for local news, football and college basketball, and were planning to cancel after basketball season ended anyway. It's no longer a good price vs what we can get by bundling. Plus our kids mostly use netflix. I didn't find the i...
by Hoosier CPA
Fri Mar 01, 2019 2:58 pm
Forum: Personal Consumer Issues
Topic: specs needed for laptop
Replies: 24
Views: 1421

Re: specs needed for laptop

At the risk of moving this in a different direction, it is worth upgrading my current laptop, say with a solid state drive and Windows 10? I am currently using a Dell from 2012. I just pulled up the specs. The processor per the order is a 2nd generation Intel Core and processor. I5-2450M (2C/4T 2.5 ...
by Hoosier CPA
Thu Feb 28, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: specs needed for laptop
Replies: 24
Views: 1421

Re: specs needed for laptop

Thanks. Does the generation matter when it comes to the processor? Or are there ones I should look for or avoid?
by Hoosier CPA
Wed Feb 27, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: specs needed for laptop
Replies: 24
Views: 1421

Re: specs needed for laptop

Thanks for input. That's one reason I was looking at refurbished units. I don't want to spend much (like most I guess).
by Hoosier CPA
Wed Feb 27, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: specs needed for laptop
Replies: 24
Views: 1421

specs needed for laptop

I'm looking at buying a refurbished thinkpad. I'd like input on the specs needed. I've been told a solid state hard drive is needed. I think 16 gb is memory is fairly standard now. I'm confused on what I should be looking at for a processor, as now intel has different generations of processors (i.e....
by Hoosier CPA
Tue Feb 19, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's your tax filing strategy? (for commoners)
Replies: 31
Views: 2201

Re: What's your tax filing strategy? (for commoners)

I keep an excel file to calculate it myself but buy turbotax at costco for $40 and use that. Efile federal for free and print and mail state, since they charge extra for that. I figure it's worth the $40 to double check. I've used turbotax online in the past but it costs more, if I remember right, s...
by Hoosier CPA
Mon Nov 12, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: cvt transmissions
Replies: 67
Views: 10414

Re: cvt transmissions

The trans on my 09 Altima made it 115K miles, so it was still covered by the extended warranty. There's a reason Nissan had to extend the warranty on them. I would avoid them if you can - they aren't rebuildable, so it's a big ticket item to replace. Just my $0.02.
by Hoosier CPA
Mon Nov 05, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Is Cloud-Based YNAB Worth It?
Replies: 51
Views: 4697

Re: Is Cloud-Based YNAB Worth It?

I've been using it about 6 months. I'm basically using it to track expenses and to make sure we're not out of line in any category. It's been good for that. I'd like to get to the point that we're proactively using their budgeting system, but that's more something I need to work towards with my wife...
by Hoosier CPA
Tue Oct 02, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 6234

Re: Is an emergency fund just about market timing?

I see the e-fund as insurance against job loss. My job was eliminated (but in a good way with a stay bonus, notice and severance) and I discovered I didn't like that uncertainty without a designated e-fund. I really don't think I'd like it if I lost my job without notice and had to dig into equities...
by Hoosier CPA
Thu Sep 27, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: 2011 Nissan Altima - Transmission Failure
Replies: 20
Views: 2404

Re: 2011 Nissan Altima - Transmission Failure

The trans failed on my 09 Altima with about 115K miles. It was covered under the 120K mileage warranty that was extended by Nissan for those transmissions. I plan to drive this vehicle until it fails again - as of a couple years ago, . These transmissions are not built for the long haul, which is un...
by Hoosier CPA
Tue Sep 18, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 140
Views: 26046

Re: Xfinity Mobile

We're looking into this too. My concern is that we typically get into 2 year deals with Comcast for internet. At the end of it, they typically need to push hard and threaten to cancel before they give us a decent deal. I'm not sure how willing they'll be to work with us if they know the switching co...
by Hoosier CPA
Fri Sep 07, 2018 11:05 pm
Forum: Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 4464

Re: DAF > Roth IRA? 12% tax bracket, no taxable

This is really interesting. I'm looking into doing the same thing this year for my family. We give a fixed % of our gross income each year. For this year (2018) my income is higher than typical as I lost a job but received severance and landed a better paying job. So, combining my higher income for ...
by Hoosier CPA
Wed Aug 08, 2018 10:32 pm
Forum: Personal Investments
Topic: Should I rollover Vanguard 401k to IRA?
Replies: 3
Views: 377

Should I rollover Vanguard 401k to IRA?

I recently switched jobs. My old 401k is with Vanguard, which is where we have our other accounts (including a rollover IRA for me from a 401K from a job before that, ROTH IRAs for my wife and me, a taxable account and a traditional IRA for my wife). Should I roll it over or keep it - what do I need...
by Hoosier CPA
Mon Jul 30, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: 403b or 457
Replies: 6
Views: 652

403b or 457

I recently started a job with a non-profit hospital that offers both a 403b and a 457 plan. Are there any clear cut advantages to using one or the other? I haven't dug into all the details regarding fees, investment options, etc. If they are different, that might make the difference. My previous job...
by Hoosier CPA
Tue Jun 26, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 44
Views: 60921

Re: Costco tire - Michelin vs Bridgestone

I think the Michelin primacy's are a better tire than the defender. I had the defender once and returned them. The advantage of the defender is the mileage rating, but with the miles you drive that's not an issue. I currently have the primacy's on an altima and an odyssey, both bought from Costco. I...
by Hoosier CPA
Mon Jun 18, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: maximzing HSA contributions when changing jobs
Replies: 8
Views: 1170

Re: maximzing HSA contributions when changing jobs

This might be a dumb question - but please confirm that HSA contributions reduce FICA taxes regardless of whether the contribution is made via payroll (with-holdings) or made directly to the HSA account. In the latter, the tax savings would be provided when the tax return is filed. The HSA contribu...
by Hoosier CPA
Mon Jun 18, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: maximzing HSA contributions when changing jobs
Replies: 8
Views: 1170

Re: maximzing HSA contributions when changing jobs

This might be a dumb question - but please confirm that HSA contributions reduce FICA taxes regardless of whether the contribution is made via payroll (with-holdings) or made directly to the HSA account. In the latter, the tax savings would be provided when the tax return is filed.
by Hoosier CPA
Sun Jun 17, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: maximzing HSA contributions when changing jobs
Replies: 8
Views: 1170

maximzing HSA contributions when changing jobs

We have been maxing out our HSA contributions the past few years, both for the tax benefits and because we have a lot of medical expenses. I am now in the process of changing jobs and wanted to figure out how to best max the HSA contributions for 2018. My previous job ended on May 15. The megacorp c...
by Hoosier CPA
Tue May 08, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 3806

Re: Recommendation For Shirts

Stafford at JC Penney
by Hoosier CPA
Thu Apr 26, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 6790

Re: Is my computer obsolete?

The thread has derailed on a general discussion of several computer (and computer security) topics. Also, a rant on Page 1 of this thread regarding time charging policy at work. Please stay on-topic. Here is the OP's question: I'm not sure if this is the right place for a question like this, but I'...
by Hoosier CPA
Wed Apr 25, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 6790

Re: Is my computer obsolete?

One thing I'm concerned about here is the security issues mentioned by several. I would use it for most of my financial transactions, plus the work I do for the church's finances. Windows 10 is more secure? I currently use my work computer for all of this, which has Windows 7, but also is supported ...
by Hoosier CPA
Wed Apr 25, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Does anyone have Cali Bamboo flooring? Your experience?
Replies: 20
Views: 4643

Re: Does anyone have Cali Bamboo flooring? Your experience?

We purchased Cali bamboo (solid not engineered) about a month ago in most of our main level. House is in Indiana. Bought it from Lowes and bought the installation from them too. We're happy with how it turned out although it's too early to tell how it will hold up. We're new at home improvement. Con...
by Hoosier CPA
Wed Apr 25, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 6790

Re: Is my computer obsolete?

Thank for all the quick replies. I'd use it for fairly easy tasks for a computer: web browsing, personal finance, Quickbooks use (I help out with our church's financials). It does not have a SSD. I'd like to run a 2nd monitor off it also. It's big and heavy compared to newer machines but that's not ...
by Hoosier CPA
Wed Apr 25, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 6790

Is my computer obsolete?

I'm not sure if this is the right place for a question like this, but I'm wondering if I should replace an old computer or if there are steps I can take to make it more current. It's a Dell Vostro from around 2012. Processor is: i5-2450 @ 2.50 ghz. 6.0 GB RAM. Hard drive is 700 GB. It's running Wind...
by Hoosier CPA
Sun Feb 04, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: 529 for private elementary school?
Replies: 26
Views: 2538

Re: 529 for private elementary school?

I'm interested in this topic. Indiana provides a 20% tax credit for 529 contributions up to $5,000 (max state credit $1,000/year). I don't know yet if a withdrawal from the Indiana 529 plan used to pay for K-12 would result in some kind of clawback on this credit. I don't think anyone knows this for...
by Hoosier CPA
Tue Nov 21, 2017 11:55 am
Forum: Personal Investments
Topic: Certified Financial Planner (CFP) fees
Replies: 18
Views: 2645

Re: Certified Financial Planner (CFP) fees

Jack FFR1846 wrote: Tue Nov 21, 2017 10:44 am 1) set up 3 fund
2) just stand there
3) pay $400 a year for ERs
4) review in 5 years
What are ERs?
by Hoosier CPA
Tue Nov 21, 2017 12:06 am
Forum: Personal Consumer Issues
Topic: Trip to Hawaii - what do I need to know
Replies: 54
Views: 7832

Trip to Hawaii - what do I need to know

Thinking about a trip to Hawaii next Fall for our 15 anniversary. I know nothing about Hawaii except that my wife would love to go there. Wondering if anyone has any recommendations for a starting point for planning this trip.
by Hoosier CPA
Sun Nov 19, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living adjustment during salary negotiations
Replies: 5
Views: 2378

Re: Cost of living adjustment during salary negotiations

Unless you are moving with the same company, I don't think what you make now with your current company in your current location has any bearing on what is fair for a different company to pay you in a different location. My company is in the process of relocating my position (along with all in our of...
by Hoosier CPA
Fri Oct 27, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Planning for (forced) job change
Replies: 2
Views: 595

Planning for (forced) job change

I’m sure some of you have been through this situation before so I thought I’d ask for advice. I work in corporate finance for a megacorp. The company I work for recently announced it is closing our office in May and moving the jobs to an office in another city. I was offered relocation but am not in...
by Hoosier CPA
Wed Oct 25, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 24
Views: 2844

Re: accounting software for churches?

We use Quickbooks (not the online version). It works fairly well. The issue with it is it's not the best for fund accounting. I've thought about looking for an alternative built for churches or non profits, but I would be concerned about reliability. Do you have multiple users? Our organization is ...