Search found 264 matches

by FreemanB
Tue Jul 01, 2014 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 3130

Re: Re-hired at firm, given incorrect 401k info

I wouldn't suck it up. I've frequently had to argue with HR people, payroll departments, and don't even get me started on the insurance benefits admin people.(Fortunately, this was all at a previous company) They make mistakes, and like anywhere else, they are often stubborn about wanting to admit i...
by FreemanB
Mon Jun 30, 2014 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: When to offer on house: Starting New Job
Replies: 8
Views: 982

Re: When to offer on house: Starting New Job

Talk to your mortgage broker/officer. They are the only ones that can tell you specifically what you need and when you will need it for loan approval. As said above, you can put in an offer anytime you want. However, the key point will be how much time you need for final loan approval, since that wi...
by FreemanB
Mon Jun 30, 2014 1:28 pm
Forum: Personal Consumer Issues
Topic: Breastfeeding and baby formula
Replies: 24
Views: 2295

Re: Breastfeeding and baby formula

I can't speak to prices at big-box stores. Our daughter was a preemie and needed a higher calorie formula that wasn't available in most of the standard places. However, CVS did stock it, and my wife discovered that by signing up for CVS emails, she would get a coupon on average of once a month for 2...
by FreemanB
Fri Jun 27, 2014 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma for 401K Rollover
Replies: 5
Views: 390

Re: Dilemma for 401K Rollover

As a rule of thumb, you should either invest 100% in a Target Retirement fund or not at all. There's no point in splitting between a TR fund and another index fund, since the TR fund generally consists of index funds already. Either stick with something like the 3-fund portfolio or go 100% in the TR...
by FreemanB
Thu Jun 26, 2014 2:28 pm
Forum: Personal Consumer Issues
Topic: Class-action lawsuits
Replies: 16
Views: 2428

Re: Class-action lawsuits

I've been through several of these in the past. Usually, it required little to no effort on my part, beyond perhaps filling out a form. I didn't bother to keep track of how long things took, but sometimes I would get some type of free service/product/discount, sometimes a couple of dollars, and othe...
by FreemanB
Thu Jun 26, 2014 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Would you take a tax free loan on investments?
Replies: 15
Views: 1237

Re: Would you take a tax free loan on investments?

Am I wrong to say that I am taxed on the whole loan payment? Or is it only the interest portion of the payment that is taxed? I am trying to wrap my head around that now... You aren't taxed on the loan payment any more than you are taxed on other uses of your paycheck. It basically isn't any differ...
by FreemanB
Tue Jun 24, 2014 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Pay Down Principle or Save for Down Payment?
Replies: 11
Views: 1570

Re: Pay Down Principle or Save for Down Payment?

I'm currently at 4.25% with a mortgage of 303k and a Zillow of 284k with a payment of roughly $1850/mo. I would like to move in the next 2 years. I could probably do an extra $500/mo toward principle. From the numbers you've given, it doesn't really look feasible for you to sell your current house ...
by FreemanB
Mon Jun 23, 2014 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Down Principle or Save for Down Payment?
Replies: 11
Views: 1570

Re: Pay Down Principle or Save for Down Payment?

First, when you say you are underwater by about $20k, are you including the costs associated with selling your current home, such as realtor fees? I generally would only expect to get around 93% of the selling price of our home, so you may be much further away from breaking even than $20k. Regardles...
by FreemanB
Wed Jun 18, 2014 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much to front load a 529?
Replies: 16
Views: 1522

Re: How much to front load a 529?

I would say that you first need to figure out what your end goal is in terms of dollars as well as what percentage of costs you expect the 529 to cover, then invest the amount required to meet that goal. For me personally, I used several calculators, formulas, and other approaches and eventually wou...
by FreemanB
Fri Jun 13, 2014 7:56 am
Forum: Investing - Help with Personal Investments
Topic: I am a late starter and need some help.
Replies: 41
Views: 7191

Re: I am a late starter and need some help.

I would initially start with the Target Retirement 2035 fund and keep adding money to that. It is a good, no-hassle fund, and you could easily keep it until retirement. After you spend some time reading and learning more about investments, you may decide to switch to other funds that better suit you...
by FreemanB
Thu Jun 12, 2014 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Selling stocks to buy car outright vs financing
Replies: 7
Views: 2294

Re: Selling stocks to buy car outright vs financing

Interest rates on cars will likely range from 0%-3%, depending on new/used and where you finance. You'll likely pay a lot more in taxes on the sale of stocks than you would pay in interest charges on the loan, and that doesn't even take into consideration the lost earnings.(I wouldn't count on 8%, b...
by FreemanB
Thu Jun 12, 2014 1:37 pm
Forum: Investing - Theory, News & General
Topic: If chasing market performance is bad...
Replies: 85
Views: 6858

Re: If chasing market performance is bad...

How can that be? If we know in advance when the wrong times are, how can we not know in advance when the right times are? The key is that we don't know in advance that it will be the wrong time. Or the right time. Those things are only apparent in hindsight. Buying an "undervalued" sector/stock/fun...
by FreemanB
Mon Jun 02, 2014 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Timing of paying off extra mortgage principal
Replies: 9
Views: 2379

Re: Timing of paying off extra mortgage principal

You don't really need a spreadsheet, since your only real concern is the interest for the two week period between the middle and end of the month. By my rough calculation, assuming you pay 15 days early(15th vs 30th), the interest on that $1150 would be just over $2. So annually, you'd save around $...
by FreemanB
Wed May 28, 2014 7:56 am
Forum: Personal Finance (Not Investing)
Topic: question about Dependent Care Flexible Spending Account
Replies: 7
Views: 4894

Re: question about Dependent Care Flexible Spending Account

I've run into this same situation myself. The HCE limit of $1800 is strictly related to your company and their plan requirements, similar to 401k limits for HCEs. The $5000 limit is the maximum combined amount per family set by the IRS, so your wife could contribute the full amount, or it could be s...