Search found 5081 matches

by Jags4186
Fri Aug 28, 2020 2:40 pm
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 997

Re: Chimney downdraft issues

I'm sort of at a loss and hoping some folks here might have some recommendations. For whatever reason this year, we have had significant downdraft from our fireplace and chimney. Of course this equals a house that smells smokey and high humidity. Have you changed out anything in the house that coul...
by Jags4186
Fri Aug 28, 2020 2:39 pm
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 997

Re: Chimney downdraft issues

I'm confused. Does this problem occur when the fireplace is in use, when not in use, or all the time? Did you recently do any home improvements that might have changed air infiltration? Where I live it is summer, it might be different where you live. A house needs to breath as pressure changes. If ...
by Jags4186
Fri Aug 28, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 997

Re: Chimney downdraft issues

adamthesmythe wrote: Fri Aug 28, 2020 11:42 am It appears the house intermal pressure is less than outside. Can you think of any reason for this? Do you have forced-air HVAC with a leak somewhere?
We have radiator heat and a central AC system.
by Jags4186
Fri Aug 28, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 997

Chimney downdraft issues

I'm sort of at a loss and hoping some folks here might have some recommendations. For whatever reason this year, we have had significant downdraft from our fireplace and chimney. Of course this equals a house that smells smokey and high humidity. In January I had a chimney sweep come out to clean ou...
by Jags4186
Thu Aug 27, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for 2nd mortage on deceased BIL's condo?
Replies: 15
Views: 1255

Re: Liability for 2nd mortage on deceased BIL's condo?

My wife's brother passed away in March w/o leaving a will. He never married, no children, leaving things in the hands of his 3 sisters. He owned a condo with a 2nd mortgage still extant. According to a very recent statement by the attorney hired by the sisters to assist with the dispensation of the...
by Jags4186
Thu Aug 27, 2020 2:18 pm
Forum: Personal Investments
Topic: Contributing to an HSA while on COBRA
Replies: 9
Views: 470

Re: Contributing to an HSA while on COBRA

We are currently receiving health insurance via COBRA. It is a HDHP. Prior to going on COBRA my wife had HSA contributions come out of her paycheck. To date she has contributed $4,369.28. I have an HSA from a prior job that I rolled to Fidelity. Can I deposit $2,830.72 into my Fidelity HSA in order...
by Jags4186
Thu Aug 27, 2020 2:13 pm
Forum: Personal Investments
Topic: Contributing to an HSA while on COBRA
Replies: 9
Views: 470

Re: Contributing to an HSA while on COBRA

We are currently receiving health insurance via COBRA. It is a HDHP. Prior to going on COBRA my wife had HSA contributions come out of her paycheck. To date she has contributed $4,369.28. I have an HSA from a prior job that I rolled to Fidelity. Can I deposit $2,830.72 into my Fidelity HSA in order...
by Jags4186
Thu Aug 27, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6572
Views: 619052

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Not sure if anyone has the seen the news yet, but the Fed seems to be reconfiguring itself again. https://www.google.com/amp/s/m.economictimes.com/markets/stocks/news/what-is-the-feds-new-policy-framework-and-why-does-it-matter/amp_articleshow/77790838.cms What does this mean for TMF? Right now it ...
by Jags4186
Thu Aug 27, 2020 11:33 am
Forum: Personal Investments
Topic: Contributing to an HSA while on COBRA
Replies: 9
Views: 470

Contributing to an HSA while on COBRA

We are currently receiving health insurance via COBRA. It is a HDHP. Prior to going on COBRA my wife had HSA contributions come out of her paycheck. To date she has contributed $4,369.28. I have an HSA from a prior job that I rolled to Fidelity. Can I deposit $2,830.72 into my Fidelity HSA in order ...
by Jags4186
Thu Aug 27, 2020 9:54 am
Forum: Personal Consumer Issues
Topic: Recommendations for wheat beer
Replies: 43
Views: 2833

Re: Recommendations for wheat beer

Allagash White is a solid choice if you can find it, but that brewery is in Portland, ME. For wheat beers in your area, I would peruse the beeradvocate forums to see what the locals are saying. +1 Allagash White but it is a little pricey -- $10 for a 4 pack. I also like UFO White, Einstock White Al...
by Jags4186
Thu Aug 27, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: "Bank of XOM versus 'risk-free treasuries'" since 2009
Replies: 59
Views: 5306

Re: "Bank of XOM versus 'risk-free treasuries'" since 2009

In fairness, if you did not reinvest dividends, XOM did leave you with more than $10,000 (just barely) at the end of the time period. Taxes on dividends could be offset by a capital loss on the sale of your XOM stock. Of course, if you invested $100,000 and not $10,000, you'd be waiting an awfully l...
by Jags4186
Wed Aug 26, 2020 3:47 pm
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7803

Re: Low Earner... Creative ways to own a Tesla Model 3?

Personally, I’d set a goal to save $40,000 outside of your normal savings and investing. By the time you reach that goal a much cooler car will be available for $40k and then you can decide at that point to purchase it. I don't think that's reasonable. "Normal savings and investing" will provide fo...
by Jags4186
Wed Aug 26, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7803

Re: Low Earner... Creative ways to own a Tesla Model 3?

Personally, I’d set a goal to save $40,000 outside of your normal savings and investing. By the time you reach that goal a much cooler car will be available for $40k and then you can decide at that point to purchase it.
by Jags4186
Wed Aug 26, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: Spectrum raises prices once again
Replies: 18
Views: 2035

Re: Spectrum raises prices once again

I don’t know why you’ve signed up for so many streaming services. We generally just sign up for one or two a month, binge the latest season of whatever, and then cancel and move onto the next service. Local OTA channels can be had for free from an app called Locast. I don’t know why you expect there...
by Jags4186
Wed Aug 26, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7449
Views: 509156

Re: Refinance Mega Thread

I refinanced with Better, closed in mid-July. The $2,500 AMEX deal was used, as well, but have yet to receive it. Should I find it worthwhile to refinance AGAIN, is there anything keeping me for doing so right away? Do I have to wait so many months? Should I wait until I receive the AMEX credit? Th...
by Jags4186
Tue Aug 25, 2020 5:27 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11898

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

+1 no bonds but make sure you have enough cash on hand to avoid any bumps in the road. Don’t put yourself in position to have to sell equities that are down.
by Jags4186
Tue Aug 25, 2020 4:50 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 24466

Re: The 0.5% Rule (SWR)

How does a family with a $300k budget and young kids get away with spending ONLY $650/month on vacations? That is only $7800 a year? I genuinely don't know if this is supposed to be sarcasm. No, not sarcasm at all. As a percentage of a spending budget, that seems really low, at 2.6% of annual spend...
by Jags4186
Tue Aug 25, 2020 3:30 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 24466

Re: The 0.5% Rule (SWR)

How does a family with a $300k budget and young kids get away with spending ONLY $650/month on vacations? That is only $7800 a year? I genuinely don't know if this is supposed to be sarcasm. No, not sarcasm at all. As a percentage of a spending budget, that seems really low, at 2.6% of annual spend...
by Jags4186
Tue Aug 25, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Baskets vs. M1 Pies
Replies: 19
Views: 1353

Re: Fidelity Baskets vs. M1 Pies

While I can’t speak to the functionality of Fidelity Baskets, I would tell you that there is an almost 100% chance that M1 gets sold off or closes at some point which means its functionality may not remain the same forever. Fidelity isn’t going anywhere. What makes you feel this way? I have been de...
by Jags4186
Tue Aug 25, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Savings for a house and future in general (NY state teacher)
Replies: 9
Views: 937

Re: Savings for a house and future in general (NY state teacher)

When you say house are you talking a single family home? Honestly, for a single person I would not consider buying a house. And I can't imagine she would get anything decent in Westchester for $350,000. If I were your SIL I'd look to rent with a roommate -- that should cut her rent in half ($1800/mo...
by Jags4186
Tue Aug 25, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity Baskets vs. M1 Pies
Replies: 19
Views: 1353

Re: Fidelity Baskets vs. M1 Pies

While I can’t speak to the functionality of Fidelity Baskets, I would tell you that there is an almost 100% chance that M1 gets sold off or closes at some point which means its functionality may not remain the same forever. Fidelity isn’t going anywhere.
by Jags4186
Mon Aug 24, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: How bad is my health insurance/help choosing plan
Replies: 5
Views: 594

Re: How bad is my health insurance/help choosing plan

Based on the numbers you've provided yes your wife's company was, indeed, pretty generous. I wouldn't say your company is really bad, more like...average for these days. As you probably already know, the difference between the plans is how much you pay in coinsurance vs how much you pay in premium....
by Jags4186
Mon Aug 24, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How bad is my health insurance/help choosing plan
Replies: 5
Views: 594

How bad is my health insurance/help choosing plan

So my wife lost her job and subsequently we are going to lose her insurance. We have decided to stay on COBRA until years end as we have been pursuing IVF treatments and her plan covered that. My workplace plan does not cover IVF treatments. Our COBRA premiums are $1050/mo. Upon getting the document...
by Jags4186
Mon Aug 24, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?
Replies: 94
Views: 7898

Re: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?

I cannot for the life of me imagine why you’d stay at the current job.

Even if the new job doesn’t work out you’ve moved yourself into an entirely different comp realm and that will help you immensely on the next move. $100k raises don’t just grow on trees.
by Jags4186
Sun Aug 23, 2020 3:23 pm
Forum: Personal Consumer Issues
Topic: Renting a washer/dryer for a couple of months until I get a deal on a new one?
Replies: 19
Views: 1532

Re: Renting a washer/dryer for a couple of months until I get a deal on a new one?

I wanted to pick everyone's minds. We are going to be spending some time in our second home (it's a rental we are converting to a second home). We are going to be pulling a lot of things our of storage and wanting to wash/dry a lot of stuff right when we get there. That said, we would like to shop ...
by Jags4186
Sun Aug 23, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"I didn’t claim you got her a fancy job, but you put your daughter in a position to succeed. Help her focus, gave quality life, education, and career advice. If your daughter has a good job, she likely has friends who have good jobs. " Do you propose that my parents also were able to put me in a po...
by Jags4186
Sun Aug 23, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"Many young adults getting started today can't afford a car at all, used clunker or not" Certainly not the case with our daughter and the couple of dozen of her friends we can keep up with. smitcat, My recollection from your posts is that you are pretty wealthy. I assume your daughter runs in a cro...
by Jags4186
Sun Aug 23, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"That said, the idea that it's going to be easy for someone my age to pay for Ivy League educations while amassing $5 million without also a high salary is woefully out of touch." Actually, I never implied that it would be easy. If fact, it was damn difficult because we did not have high salaries a...
by Jags4186
Sun Aug 23, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"Many young adults getting started today can't afford a car at all, used clunker or not" Certainly not the case with our daughter and the couple of dozen of her friends we can keep up with. smitcat, My recollection from your posts is that you are pretty wealthy. I assume your daughter runs in a cro...
by Jags4186
Sat Aug 22, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Is insuring my wife’s wedding ring worth it?
Replies: 49
Views: 4859

Re: Is insuring my wife’s wedding ring worth it?

My wife and I got married 5 years ago and her ring is appraised for $17K. We have had insurance on the ring costing about $300 per year every year. So, we’ve paid about $1,500 for insurance over 5 years just in case something happens to it. But, since 5 year ago and now we have significantly improv...
by Jags4186
Fri Aug 21, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: 2020 SP500 Returns
Replies: 21
Views: 3166

2020 SP500 Returns

I saw this great video on Reddit that I thought I’d share. As we all know tech is buoying the markets right now, but this really shows you how well they have performed vs how poorly everything else has: https://www.reddit.com/r/wallstreetbets/comments/idbh7m/2020_from_bust_to_boom_in_60_seconds_bubb...
by Jags4186
Fri Aug 21, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Are emergency funds for suckers?
Replies: 202
Views: 15860

Re: Are emergency funds for suckers?

I keep an emergency fund and I consider it part of my bond portfolio. So, for example, if I had a $1,000,000 portfolio that I wanted 70% equities and 30% fixed income and I wanted a $50,000 emergency fund I would hold: $700,000 equities $250,000 bonds $50,000 cash If you want to get cute, you could ...
by Jags4186
Thu Aug 20, 2020 3:19 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"When did I start teaching?" I started teaching in the 1974-1975 school year with a salary of---here I am quoting my contract, which I still have---"$9,300 and no/100 dollars." * $9,300 Base salary (BA + 36 credits, Step 2 -465 Less 5% contribution to TIAA-CREF $8,835 cash salary 1974-1975 There's ...
by Jags4186
Thu Aug 20, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 79
Views: 5364

Re: Can I afford a new car?

You make over $200k/yr, so yes you can afford it. I would question how old the current car is. If you buy a new car every 10+ years and expect to keep this one 10+ years I don’t see much issue. If you’re buying $40k cars every 3 or 4 years then I would be more concerned.
by Jags4186
Thu Aug 20, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

I guess your thoughts are that the $1,000 saved that becomes $80,000 is not affected by taxes or inflation since 1980. I have a differing view.... our needs and goals (in $$) have changed a bunch since 1980 due to inflation and taxes. My thoughts are that $1,000 compounded at 11.6% annually for 40 ...
by Jags4186
Thu Aug 20, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"To put that into context, $1000 saved in 1980 turned into more than $80,000 today." Before adjusting for inflation and taxes of course. Of course not. $1000 turned into $80,000. Inflation has nothing to do with it. The real value of the money is besides the point. Taxes are individual. If you put ...
by Jags4186
Thu Aug 20, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"To put that into context, $1000 saved in 1980 turned into more than $80,000 today." Before adjusting for inflation and taxes of course. Of course not. $1000 turned into $80,000. Inflation has nothing to do with it. The real value of the money is besides the point. Taxes are individual. If you put ...
by Jags4186
Thu Aug 20, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

"To put that into context, $1000 saved in 1980 turned into more than $80,000 today." Before adjusting for inflation and taxes of course. Of course not. $1000 turned into $80,000. Inflation has nothing to do with it. The real value of the money is besides the point. Taxes are individual. If you put ...
by Jags4186
Thu Aug 20, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

https://i.imgur.com/JFOhJda.png VTI. assuming portfolio gets more conservative, red = bad times to retire, green = good times to retire (except for march 2020). overall sound advice, but to credit your nice nest egg solely to habits of maxing out savings and simple compound interest would be mislea...
by Jags4186
Wed Aug 19, 2020 8:47 am
Forum: Personal Investments
Topic: Really dumb Question - what does saving x% mean?
Replies: 21
Views: 2089

Re: Really dumb Question - what does saving x% mean?

If your salary is $100,000 and you get a $5000 401k match and a $1000 HSA match your pay is $106,000. If you want to save 25% you should be saving 25% of $106,000 which is $26,500. This can be obtained by saving $19,500 + $5,000 EE match into your 401k and saving $1000 + $1000 EE match into your HSA...
by Jags4186
Wed Aug 19, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Car alarm, help me not to throw away money
Replies: 29
Views: 1609

Re: Car alarm, help me not to throw away money

I wouldn’t spend $500 to secure my $1500 car that was already once stolen. I mean, what are the chances a piece of junk is stolen twice? Yep. And here I am to brainstorm, look for the alternatives and experiences of others. Thank you for your feedback. You’re very welcome. Sometimes you just need s...
by Jags4186
Tue Aug 18, 2020 6:40 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time
Replies: 93
Views: 12234

Re: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time

Just for arguments sake, what purpose do near zero percent bonds play in a 60/40 portfolio? How does one get 7%-8% return if 40% is zero? A ~12% return on the equity side plus a ~0% on the bond side would get you 7%-8%. Of course, returns will only be zero if interest rates are zero and simply stay...
by Jags4186
Tue Aug 18, 2020 5:15 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13907

Re: How much did you save?

A parenthetical: how are you calculating the percentage of your salary saved each year? For example, if one makes $100,000 a year, one might save 19.5% (or $19,500) of one's gross income in a 401(k). If one's aim is a savings rate of 50%, is the other 30.5% calculated based on your gross income (ie...
by Jags4186
Tue Aug 18, 2020 4:14 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17297

Re: Advice to a Millennial about nest egg "Critical Mass"

Not sure the "magic" will continue to work for young people today... Bingo. Another out-of-touch boomer who doesn’t appreciate the luck that accompanied their efforts. Certainly, it is easy to have a lot of money if you are a disciplined saver who walked into a 40 year period where the SP500 return...
by Jags4186
Tue Aug 18, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: Car alarm, help me not to throw away money
Replies: 29
Views: 1609

Re: Car alarm, help me not to throw away money

I wouldn’t spend $500 to secure my $1500 car that was already once stolen. I mean, what are the chances a piece of junk is stolen twice?
by Jags4186
Tue Aug 18, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19203

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

While I do not wish to be the receiver of an inheritance for the obvious reasons, the likelihood is that I will inherit from my parents a mid 6 figure sum, my wife will inherit from her parents a mid 6 figure sum, and I have an aunt and uncle with no kids that I could, potentially, inherit a mid 6 f...
by Jags4186
Mon Aug 17, 2020 2:16 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time
Replies: 93
Views: 12234

Re: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time

Just for arguments sake, what purpose do near zero percent bonds play in a 60/40 portfolio? How does one get 7%-8% return if 40% is zero? A ~12% return on the equity side plus a ~0% on the bond side would get you 7%-8%. Of course, returns will only be zero if interest rates are zero and simply stay...
by Jags4186
Mon Aug 17, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: Of what use is an obsolete iPad?
Replies: 42
Views: 3298

Re: Of what use is an obsolete iPad?

Sell it on eBay. You’ll get $75 or so after selling fees and shipping if they are going for $100. There is no utility IMO. An obsolete iPad/iPhone becomes a single use device (music player, remote control, etc) and single use devices are worthless to me. Why would I have a special Pandora iDevice wh...
by Jags4186
Mon Aug 17, 2020 9:41 am
Forum: Personal Investments
Topic: Any downsides of not having a taxable account and spending the extra money instead?
Replies: 25
Views: 3400

Re: Any downsides of not having a taxable account and spending the extra money instead?

You have a ton of money for your age and income. You likely do not need to save anymore if you intend to work through your children getting out of college. That’s 17 years away when the older spouse turns 64. Depending on where your kids go to college and your willingness to pay, you may find yourse...
by Jags4186
Sun Aug 16, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time
Replies: 93
Views: 12234

Re: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time

Just for arguments sake, what purpose do near zero percent bonds play in a 60/40 portfolio? How does one get 7%-8% return if 40% is zero? A ~12% return on the equity side plus a ~0% on the bond side would get you 7%-8%. Of course, returns will only be zero if interest rates are zero and simply stay...