Search found 1382 matches

by mortfree
Tue Oct 02, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3601

Re: HELOC to Pay off Mortgage

what about a refinance to 15-year term? I did not see any advantage of 15 year mortgage, the interest amount was more or less same. This is false. You will pay many more dollars in interest by paying off a 30 year mortgage in 30 years rather than 15 years on a 15 year mortgage. This is due primaril...
by mortfree
Tue Oct 02, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4367

Re: My bank and absurd policy for "no fee"

Absurd??? I’m not seeing that with your two choices. Now if they required a certain number of transactions per month and a minimum balance and a direct deposit and a safety deposit box and a personal loan and a credit card that you actively use - just to get no fees. Well, I think you see how “absur...
by mortfree
Mon Oct 01, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Where to keep emergency fund?
Replies: 15
Views: 1340

Re: Where to keep emergency fund?

Take 10-15k and open a 12-month CD at CapOne.

I think it’s around 2.4-2.5% now.

The rest of it should be in CapOne MM. I have 40 in mine so I’m not concerned by your current amount.
by mortfree
Sat Sep 29, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra on mortage if I'm already maxing 401k and Roth?
Replies: 16
Views: 2347

Re: Pay extra on mortage if I'm already maxing 401k and Roth?

How much “extra “ do you have?

I was going to tell you to split the extra - 50% to invest and 50% to mortgage.

I put an extra $260-300/month towards my mortgage but I wouldn’t split that small amount.
by mortfree
Fri Sep 28, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Income Sheltering for FAFSA
Replies: 11
Views: 1320

Re: Roth IRA Income Sheltering for FAFSA

to be eligible for the roth, does she have earned income? how much?
by mortfree
Fri Sep 28, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: auto insurance - ??
Replies: 11
Views: 1064

Re: auto insurance - ??

who did you use for homeowner's after the other company dropped you?
by mortfree
Thu Sep 27, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: VTI vs VTSAX [Vanguard Total Stock Mkt ETF vs. Admiral Shares]
Replies: 12
Views: 2126

Re: VTI vs VTSAX

VTSAX paid the dividend today????
by mortfree
Thu Sep 27, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6991

Re: New Relationship - Best way to handle finances?

What’s hers is hers and what ‘s yours is hers.

Can you live like that ?
by mortfree
Thu Sep 27, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3601

Re: HELOC to Pay off Mortgage

what about a refinance to 15-year term?
by mortfree
Thu Sep 27, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: FSBAX for saving future house down payment (Fidelity® Short-Term Treasury Bond Index Fund - Premium Class
Replies: 5
Views: 388

Re: FSBAX for saving future house down payment (Fidelity® Short-Term Treasury Bond Index Fund - Premium Class

Aren't you able to save enough for a house downpayment in one calendar year?

why are you starting so early?

What is your savings target: 20%, 30%,...100% of the house?

However, I'll also guess that this savings target is less than 20% of your net worth, so might be moot point.
by mortfree
Wed Sep 26, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: When do you need a hearing aid
Replies: 50
Views: 3494

Re: When do you need a hearing aid

Any suggestions would be appreciated especially experience with regard to special (which isn't special) circumstances which do not show up in the aid shop. Depending on the level of your hearing loss, you may need to lower your expectations. they will not give you super hearing powers in a noisy en...
by mortfree
Tue Sep 25, 2018 7:46 pm
Forum: Personal Consumer Issues
Topic: When do you need a hearing aid
Replies: 50
Views: 3494

Re: When do you need a hearing aid

If you don’t belong to Costco, join. The $50 cost of a membership will return 20 times + it’s cost, in savings. Note: you do not need to be a member to get the hearing test. You only have to join if you want to buy the hearing aids. You also should be able to get the executive (?) membership (pays ...
by mortfree
Tue Sep 25, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: When do you need a hearing aid
Replies: 50
Views: 3494

Re: When do you need a hearing aid

Go to Costco. Hopefully there is one nearby. Get the free hearing exam. I will bet you will be more impressed with their exam than your ENT office. See what they have to say. Try out the recommended model in store. Think about it and discuss your concerns with them. They have a terrific trial period...
by mortfree
Tue Sep 25, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Invisalign and Dentist pricing
Replies: 19
Views: 2539

Re: Invisalign and Dentist pricing

could it be as simple as the difference between "invisalign" and "invisalign express"?
by mortfree
Mon Sep 24, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7494

Re: Preparing for My First Recession?

YoungSisyphus wrote:
Mon Sep 24, 2018 9:31 am

3A. Working in the next 6 months to aggressively build this back (~$20k yearly bonus, ~$4k tax return and a few other things should help with this)....
Why are you getting a 4K tax return?

If that is what you anticipate under the 2018 tax laws as well, adjust your W4.
by mortfree
Mon Sep 24, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Does health insurance cover hearing aids
Replies: 21
Views: 1546

Re: Does health insurance cover hearing aids

As I vaguely remember, If you have a vision plan that might cover the hearing aids.but probably not from Costco

Something else to look into.

I own Costco hearing aids. Insurance didn’t cover (BCBS)
by mortfree
Mon Sep 24, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 17
Views: 2116

Re: Mortgage application: Disclosing All Assets?

Novice here. I usually only reported my “cash” accounts. I left off the taxable investing accounts. Why? Because they always want the bank statement and I didn’t feel like getting them for each and every account. My cash holdings were sufficient as far as I was concerned. The lender never asked for ...
by mortfree
Mon Sep 24, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7805

Re: Best way to get $100k cash

Might as well write yourself a check for 100k and deposit in the bank.

Get it?
by mortfree
Sun Sep 23, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6512

Re: Emotional Investor - I'm a mess and need help!

Too smart for your own good leads to over confidence in all aspects of life. Too much money at your disposal and trying to find the next big thing. Not good either. With your savings rate (300k per year) imagine what the average boglehead could do if they stuck to their investment plan. 3 million in...
by mortfree
Sun Sep 23, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 46
Views: 5974

Re: Should we pay off $90K mortgage with idle cash or not?

Yes, I am earning interest at 1.8%, being taxed on it, losing some of it to inflation, paying mortgage interest at 3.25%, and no longer getting a tax deduction for the mortgage interest. I would like to pay it off but W is balking. We had two major life events in the last year. I went on disability...
by mortfree
Sun Sep 23, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 46
Views: 5974

Re: Should we pay off $90K mortgage with idle cash or not?

You’re worried about 13k in mortgage interest? You have 400k+ in taxable investments. Another 1 million in retirement accounts. 100k+ in cash. I’d be laughing at that 13k interest (over 9 years) right now. Plus how much interest have you paid so far in the mortgage? I Imagine you’ve paid the majorit...
by mortfree
Sat Sep 22, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Selling off funds. timing question
Replies: 10
Views: 826

Re: Selling off funds. timing question

Doesn’t the loss ($3k allowed) cancel out the $2800 gain? So shouldn’t be any concerns selling.

Smarter people will come along soon
by mortfree
Fri Sep 21, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Over 120 Vanguard funds go transaction free at E*trade
Replies: 32
Views: 3343

Re: Over 120 Vanguard funds go transaction free at E*trade

Just in time for when the CapOne investing accounts move to etrade on Nov 2.
by mortfree
Thu Sep 20, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2075

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

The old Blood, Sweat & Tears song, "Symphony for the Devil" comes to mind. For those too young to remember, you can read the lyrics and/or listen to it here: https://genius.com/Blood-sweat-and-tears-symphony-for-the-devil-sympathy-for-the-devil-lyrics Over 20 years ago when I was fortunate enough t...
by mortfree
Thu Sep 20, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2075

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

The old Blood, Sweat & Tears song, "Symphony for the Devil" comes to mind. For those too young to remember, you can read the lyrics and/or listen to it here: https://genius.com/Blood-sweat-and-tears-symphony-for-the-devil-sympathy-for-the-devil-lyrics Over 20 years ago when I was fortunate enough t...
by mortfree
Wed Sep 19, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2116

Re: Paying off mortgage vs investing?

I would pay $250 extra per month.

Wraps up in 19 years and interest will be $95950.

Versus $158900 in interest if you paid on the 30-year schedule.
by mortfree
Wed Sep 19, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1740

Re: Pay-off or keep mortgage with 2018 interest deduction changes?

This is how I would look at it (and I’m probably wrong). You are retired. You can pull 350k or so to pay the mortgage off. Which means you have 350k plus x. Call x 650k for round numbers. So you have 1 million working for you and 325k working against you. If you payoff the mortgage you realize the i...
by mortfree
Tue Sep 18, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 36
Views: 2032

Re: Student Loan Debt Repayment

Have you thought about selling the townhouse?

Selling the car?

Do you really need umbrella insurance?

Long term care Insurance at 31?
by mortfree
Tue Sep 18, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 36
Views: 2032

Re: Student Loan Debt Repayment

I would throw the 2k extra towards loan #1 plus the 400 that you had been paying towards loan 6.

About 2800/month until that is done.

Then attack loan 5.

Again that is what I would do but I’m just a stranger on the internet as some folks like to say.
by mortfree
Mon Sep 17, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13507

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Just don’t say “I quit”

Come up with something clever.

Update on how it went will be appreciated .

Good luck!
by mortfree
Mon Sep 17, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life Insurance
Replies: 30
Views: 1794

Re: Whole Life vs Universal Life Insurance

You want term life insurance. Forget about the others. You will lose money. Not sure where you have been reading but on this forum people are told to run away from the whole life and universal life Insurances Then there are threads where people realize they made a huge mistake and want out. I didn’t...
by mortfree
Mon Sep 17, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7331

Re: Is there such thing as saving TOO much?

Save as much as you can now.

If your life changes where you have real expenses your salary may not allow you to save a decent amount.
by mortfree
Mon Sep 17, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Does cash at Ally count in my asset allocation?
Replies: 22
Views: 2005

Re: Does cash at Ally count in my asset allocation?

zaplunken wrote:
Sun Sep 16, 2018 7:57 pm
I have had/want a 50/50 AA so counting the cash is pretty much 50/50 but 57/43 is almost 60/40.
57/43 is closer to 55/45. :D

All you are seeing is the increase in equities so you’re not 50/50.

I count my cash because it “lowers” my equity portion a little bit.
by mortfree
Sun Sep 16, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1206

Re: Finding an investment for soon-to-be-received large sum

Seems like your team won already.

Take the money and run. Quit while you’re ahead?
by mortfree
Sun Sep 16, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: (No Savings) *Everything* in S&P 500?
Replies: 33
Views: 3988

Re: What if: *Everything* in S&P?

Would you be as concerned if he had the money in VTI/VTSAX?

I held SPY from 2004-2018.
by mortfree
Sun Sep 16, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1301

Re: Please help me assess condo purchase and overall finances

Avoid PMI.

Don’t trust the mortgage broker.
by mortfree
Sun Sep 16, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 3181

Re: Experiences downsizing to single car

Be your wife’s chauffeur to and from work.

Oops. Maybe not that simple if you have occasional travel.
by mortfree
Sun Sep 16, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2247

Re: Can I have an oversized emergency savings account?

I wouldn’t feel pressure to minimize your cash savings.

There are people who claim they don’t have an EF but hold $10,000 or more in a checking account.

Move the money to online bank to get the higher rate.

Maybe you can do a 12- month cd for 2.4% (CapOne)
by mortfree
Sat Sep 15, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13507

Re: Considering Quitting Job - Seeking Advice. Would you do it?

What would happen if you didn’t put in all of those hours? Are you actively working with your small team for all of those hours or do you work independently? That is would anyone notice. You’ve been with this company for 25 years with 8 years to go. I’d see what it would take for them to get rid of ...
by mortfree
Sat Sep 15, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5224

Re: The twenty dollar rule revisited

There’s a lot of 20’s in 3000.

Stay out of the stores and away from online ordering.

Things don’t make me happy so I probably can’t relate.
by mortfree
Fri Sep 14, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard TV ad...a first for me
Replies: 2
Views: 528

Re: Vanguard TV ad...a first for me

Is VG changing their ways b/c of more competition?
by mortfree
Fri Sep 14, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Using 401k loans to max tax advantaged accounts early in career
Replies: 29
Views: 1998

Re: Using 401k loans to max tax advantaged accounts early in career

you'll also pay taxes on your 401k loan money twice... while you are repaying the loan, you get taxed since that amount is not taken out of your paycheck pre-tax. when you go to redeem your 401k in the future, you will be taxed on those dollars, again. This appears to be incorrect. The actual loan ...
by mortfree
Fri Sep 14, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Using 401k loans to max tax advantaged accounts early in career
Replies: 29
Views: 1998

Re: Using 401k loans to max tax advantaged accounts early in career

you'll also pay taxes on your 401k loan money twice...

while you are repaying the loan, you get taxed since that amount is not taken out of your paycheck pre-tax.

when you go to redeem your 401k in the future, you will be taxed on those dollars, again.
by mortfree
Fri Sep 14, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs EJ
Replies: 16
Views: 1065

Re: 3 fund vs EJ

Mr400meterdash wrote:
Fri Sep 14, 2018 11:55 am

Any help as to show him why three funds are better?
I don't think you are using the term better correctly.

better as in higher returns?

better as in simplicity?

better as in less risk/volatility, perhaps?

better as in Expense Ratio?

the three-fund is simple.
by mortfree
Fri Sep 14, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Pay off 3.125% 152k mortgage early?
Replies: 37
Views: 3258

Re: Pay off 3.125% 152k mortgage early?

What will you do with the $750 mortgage payment after you pay it off? Also is that just the P&I?

Do you anticipate taking out student loans to cover college? Will those rates be less than your mortgage?

How much is your house worth? trying to determine if you will be house poor.
by mortfree
Thu Sep 13, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying down mortgage vs investing
Replies: 30
Views: 2682

Re: Paying down mortgage vs investing

Do you have 20% for down payment now? Will you have 20% for down payment in the future when you buy the next place? What’s the point of putting extra money towards a home that will be a rental? Given the limited info and only knowing that you want two properties in the future I would go with a 30-ye...
by mortfree
Wed Sep 12, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: 2005 honda accord door problems
Replies: 30
Views: 1108

Re: 2005 honda accord door problems

blackwhisker wrote:
Wed Sep 12, 2018 6:33 pm


what needs to be replaced/fixed and what is a reasonable cost?

thank you in advance!
The car needs to be replaced.
by mortfree
Tue Sep 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Ready to buy iPhone 8 now, but..
Replies: 39
Views: 3499

Re: Ready to buy iPhone 8 now, but..

IPhone 8 getting recall for hardware issue, so check on that. OP here, can you clarify this? What sort of issues? Makes me pause... Does this apply to the 7 as well, since that was my 2nd choice? I think 7's had the battery issue. always something. oh, and Virgin Mobile has the iphones discounted a...
by mortfree
Tue Sep 11, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest
Replies: 31
Views: 1050

Re: Invest 100k

60k VTSAX (or VTI)
40k CDs
by mortfree
Tue Sep 11, 2018 4:44 am
Forum: Personal Finance (Not Investing)
Topic: paying mortgage
Replies: 12
Views: 1775

Re: paying mortgage

Primary residence