Search found 1125 matches

by mortfree
Thu May 31, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 3072

Re: Roommate in a house?

you pay the bills directly. then she doesn't have "rental" income to report...????? seems unnecessarily complicated Would love to hear your recommendations on how you would handle this both from the renter and tenant side :) Guess you'll need a rental agreement then... Otherwise, as explained here ...
by mortfree
Thu May 31, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 3072

Re: Roommate in a house?

you pay the bills directly.

then she doesn't have "rental" income to report...?????

seems unnecessarily complicated
by mortfree
Wed May 30, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17357

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by mortfree
Tue May 29, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: ITOT versus VTSAX
Replies: 25
Views: 2049

Re: ITOT versus VTSAX

D E C O D E D !!! VTSAX - Vanguard Total Stock Market Index (mutual fund, admiral shares) VTI - Vanguard Total Stock Market ETF ITOT - iShares Core S&P Total US Stock Market ETF Thanks for reading ~cfs~ Also, VTSAX = VTI One is the mutual fund Admiral shares version (VTSAX), the other is the ETF ve...
by mortfree
Tue May 29, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: 13-year old Civic. Replace, or keep sinking money into it?
Replies: 52
Views: 4313

Re: 13-year old Civic. Replace, or keep sinking money into it?

I would get rid of it.

I replace my commuter car about every 6 years so I’m not one to hold onto a car
by mortfree
Mon May 28, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30660

Re: Why pay cash for a car?

One thing people often forget about is insurance. When you finance the loan company demands a certain type of insurance. When you own the car, you get to choose what you want. For example we often choose a much higher deductible on our cars since self insuring the higher deductible makes a lot of s...
by mortfree
Mon May 28, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra cash?
Replies: 13
Views: 1812

Re: What to do with extra cash?

You will get guaranteed 5% return on investment if you paid the equity loan. Even if you can afford it, you are still paying 5% interest on it, so it isn't cheap to keep that loan. Every payment towards HE affects your ability to save more for retirement, or kids education if any are in the picture...
by mortfree
Sat May 26, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account or Brokerage account for child?
Replies: 20
Views: 1206

Re: Bank account or Brokerage account for child?

Go for it.

My kid (age 4) has:
Credit union account
CapitalOne 360 kids account
Brokerage account
by mortfree
Fri May 25, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Do I need to reduce monthly debt payments? Auto + House
Replies: 10
Views: 1335

Re: Do I need to reduce monthly debt payments? Auto + House

other alternative, put $14,000 down (appx) on one car and finance that car for 60 months... just curious, is your $1800 future mortgage payment just P&I or does it include taxes and insurance? but in reality I think you are overthinking this based on the numbers presented and you can financially eng...
by mortfree
Fri May 25, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 4080

Re: When did this start??

It's there at the bottom of the bill for the people who are not good at math.

I imagine they do it to ensure the server is tipped "fairly", whatever someone's definition of that might be.
by mortfree
Thu May 24, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: vinyl plank brands, which is best?
Replies: 13
Views: 1461

Re: vinyl plank brands, which is best?

+1 to check out Karndean.

I had that installed in our old family room. Held up to our Great Dane as that was his room.

Wood looking vinyl.
by mortfree
Thu May 24, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17357

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay off the mortgage, once you do that the house is yours and yours only, no one can take it away. What happens if you lose your job? On a related note, if I lost my job tomorrow, I would rather have $210K in the bank and a mortgage payment due every month, than $0 in the bank and a paid-of...
by mortfree
Thu May 24, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1702

Re: I need some math help-calculating interest savings

I'm not stressing about anything. I am happy and content with our financial decisions. I am looking to find the total amount of interest saved for a reason, and I needed to be sure I was calculating it correctly and thinking of the math correctly. I came here for someone to check my math. That's it...
by mortfree
Thu May 24, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1702

Re: I need some math help-calculating interest savings

Peace bro. It's done. You are stressing over something that does not matter any more. I'm not stressing about anything. I am happy and content with our financial decisions. I am looking to find the total amount of interest saved for a reason, and I needed to be sure I was calculating it correctly a...
by mortfree
Thu May 24, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17357

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it down to 100k... then revisit in a few months/years. I paid off a mortgage at 39 yrs old - it is overrated for the emotional part (or maybe it was just me). moved and have a mortgage again. The problem I ran into is that all of my cash was tied up in the house. so that had to sell firs...
by mortfree
Thu May 24, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1702

Re: I need some math help-calculating interest savings

Original Loan: Total Interest of 181,335 would have been paid. You paid $1665 for first 2 months.

Recast Loan w/ 1200 payment: Total Interest of 95181


181335-95181=86154

86154+1665=87819 saved??
by mortfree
Tue May 22, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Old Hot Water Heater
Replies: 20
Views: 1367

Re: Old Hot Water Heater

I would replace it.

It is probably not up to code, inefficient, and a potential disaster.

One less thing to worry about.

And your dad will appreciate you taking his advice.
by mortfree
Tue May 22, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 3078

Re: Should I buy a new car?

do you realize that you are behind on retirement savings?

3x your salary by age 40 is just "one" of the many suggestions out there.

unless you haven't disclosed some bucket(s) of money.

have a kid and you won't feel so rich.
by mortfree
Sat May 19, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9677

Re: Dave Ramsey it or keep low interest debt

Thanks for all the great responses. I knew I could count on this community to help me think through this from all angles. I think I’ll keep and payoff as scheduled; especially given my online banking account pays more than the weighted APR of the cars I’ll also ensure I never borrow money again. Th...
by mortfree
Fri May 18, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Chase CS playing games w/me
Replies: 28
Views: 3012

Re: Chase CS playing games w/me

next time pay 5872.50 and you'll be fine...

your next payment will most likely always be due and you just cause confusion when you try to slip in an extra principal payment "out of sequence"...
by mortfree
Thu May 17, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1861

Re: Are you including annual increases in contributions in your projections?

willthrill81 wrote:
Thu May 17, 2018 5:52 pm
mortfree wrote:
Thu May 17, 2018 5:37 pm
if you're already maxing your 401k and IRA, that annual increase doesn't matter for those buckets...
Sure it does. Both 401k and IRA limits increase over time.
Agree. I think I was focused on your example of contributing 10,000 so that wasn’t maxing.

Good thread.
by mortfree
Thu May 17, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1861

Re: Are you including annual increases in contributions in your projections?

if you're already maxing your 401k and IRA, that annual increase doesn't matter for those buckets...


.
by mortfree
Thu May 17, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 4840

Re: Do I pay towards my mortgage or invest?

I don’t think we’re in a payoff or invest conundrum. Unless there is a another meltdown interest are going to continue to rise and you soon be able to buy CDs paying more than 3.875%. If and when that is the case it will never make sense to accelerate payments. what else does your crystal ball say?...
by mortfree
Thu May 17, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 7042

Re: Mortgage decision killing me

If you have time, you can create a spread sheet and run the numbers to 15 years, and see how much the mortgage interest rate needs to rise for you to lose out - 30 year fixed vs 7/1 ARM. Thank you! I have seen people talk about spread sheets.. not sure how to do this. Is there one online that you c...
by mortfree
Wed May 16, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k vs opening taxable account
Replies: 4
Views: 549

Re: Max 401k vs opening taxable account

After your retirement contributions, Hoard as much cash as you can in an online savings account (1.x%) or maybe a CD ladder.

Needing a car and house will require money that you can’t afford to lose in investments.

That could work but might be considered the “hard way”
by mortfree
Wed May 16, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Wellington and Wellesley on May 16th [Incorrect price quote]
Replies: 16
Views: 1806

Re: Wellesley off 3% today

26.09 for VWINX. I think

Edit. That might be May 15 closing price.

Oh well
by mortfree
Wed May 16, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8911

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

I thought for sure a crash would happen in August 2014, after I moved some Roth money into investments... it hasn't. Yesterday (5/15) I bought VTI (Total US - ETF). I had a limit order set for $140, but the fund was up early on and didn't fall to $140. So, despite all wisdom, I changed the limit ord...
by mortfree
Tue May 15, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5469

Re: Large Personal Injury Settlement

A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. The 12b-1 fee is considered to be an operational expense and, as such, is included in a fund's expense ratio. It is generally between 0.25 and 1% (the maximum allowed) of a fund's net assets.

Investopedia source.
by mortfree
Tue May 15, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5469

Re: Large Personal Injury Settlement

1/8 of 1 percent... BUT What are the expenses for the funds they will put you in. Seems to good to be true?? Sorry about your accident. Their core portfolio is all the lowest cost options at Schwab, but I have only met and talked with them for 2 hours, so I haven't had them draft up the entire fina...
by mortfree
Tue May 15, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5469

Re: Large Personal Injury Settlement

1/8 of 1 percent... BUT

What are the expenses for the funds they will put you in.

Front loaded? 12b-1 fees?

Seems too good to be true??

Sorry about your accident.
by mortfree
Tue May 15, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance questions
Replies: 4
Views: 657

Re: Car insurance questions

Buy one share of Berkshire Hathaway (BRKB) and tell geico. They’ll give you a discount (previously stated on this forum by others).
by mortfree
Tue May 15, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA or Taxable Account
Replies: 7
Views: 872

Re: Roth IRA or Taxable Account

if you already have a Roth IRA, why would you start a new one?

you can only contribute $5500/person to a Roth IRA (plus catchup if over a certain age) and you meet all eligibility requirements.
by mortfree
Tue May 15, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Debating whether to rebuild tractor or buy a new zero turn
Replies: 33
Views: 2162

Re: Debating whether to rebuild tractor or buy a new zero turn

zero turns have attachments/hitches for pulling things... I just moved to a home where for the first time ever, push mowing wasn't going to work even though the yard is under an acre. I got the Ariens IkonX 42. sounds like trying to revive the old mower will still leave you with a feeling that it mi...
by mortfree
Mon May 14, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Considerations in selecting a hearing aid
Replies: 21
Views: 1330

Re: Considerations in selecting a hearing aid

3. The batteries at Costco are very inexpensive. Rechargeable batteries aren’t that great. Go to Costco. Get them to do a hearing test (free). Skip the dr’s office. The trial period at Costco is something like 180 days (or so). If that doesn’t work after the trial period, then go back to the dr. I’m...
by mortfree
Mon May 14, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5943

Re: Are bonds really needed - why not 100% stocks?

Some of us have been through multiple market crashes. I worked in the industry in 1987, in fact started just before Black Monday. Came into work, and a red light was flashing on the wall. I was told to get my things and go to a ballroom in a nearby building. In that building hundreds of stations we...
by mortfree
Sat May 12, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 4357

Re: Is Whole Life Insurance Worth It?

Term life. Skip whole life.

Insurance is not an investment.

I pay $240 per year for 250k term (20-year policy)
by mortfree
Sat May 12, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Paying Mortgage v Saving Down Payment
Replies: 3
Views: 612

Re: Paying Mortgage v Saving Down Payment

Are there tax benefits if you keep the mortgage on the rental?

If you are paying 5-8k per month now, isn’t that like having two mortgages?

And the rent should cover the mortgage anyways.
by mortfree
Sat May 12, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer (potentially)
Replies: 3
Views: 449

Re: First Time Home Buyer (potentially)

kaeltor wrote:
Sat May 12, 2018 11:27 am



Been looking at some townhomes in the area I live they are between 200K-250K.

What's a good way to gauge how much I can afford?
You should have 20% down so you would need 40-50k just for the down payment on a home in that price range. Plus closing costs. Plus moving. Plus furniture, etc.
by mortfree
Sat May 12, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 5162

Re: Mortgage question: 20% down or larger down payment?

If you are able to invest your $240/mo savings at a rate greater than your mortgage interest, then you will come out ahead. If you aren't, then you will lose. If you had the option to invest in a mutual fund that earns 4.5% a year, every year, would you invest your money in it or would you prefer t...
by mortfree
Sat May 12, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I Buy A House?
Replies: 34
Views: 3123

Re: Can I Buy A House?

Take a mortgage and buy a reasonable home where you can stay when you are married with kids. Rent it out while staying with your parents in the meanwhile. You will create an asset/home equity. Not taking a mortgage while buying a house at your age and income is a mistake. Buy a house that he may li...
by mortfree
Sat May 12, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 5162

Re: Mortgage question: 20% down or larger down payment?

I touched on this in another thread but it got locked b/c 2 other individuals were having a sparring match unrelated to the topic... and I didn't get to resolve it. so here goes. 30 year mortgage; assume all 401k and Roths are maxed; EF of 6 months funded; taxable investments of 100k, etc. If I pay...
by mortfree
Fri May 11, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 5162

Re: Mortgage question: 20% down or larger down payment?

I touched on this in another thread but it got locked b/c 2 other individuals were having a sparring match unrelated to the topic... and I didn't get to resolve it. so here goes. 30 year mortgage; assume all 401k and Roths are maxed; EF of 6 months funded; taxable investments of 100k, etc. If I pay...
by mortfree
Fri May 11, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 5162

Re: Mortgage question: 20% down or larger down payment?

I touched on this in another thread but it got locked b/c 2 other individuals were having a sparring match unrelated to the topic... and I didn't get to resolve it. so here goes. 30 year mortgage; assume all 401k and Roths are maxed; EF of 6 months funded; taxable investments of 100k, etc. If I pay ...
by mortfree
Fri May 11, 2018 2:42 am
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4643

Re: Should I pay cash for a house?

1.5 baths?

If you plan to stay single, ok.

If not then this may not be the house for you.

At 30 I would not pay cash. Probably 50% down and a 15-year mortgage.
by mortfree
Thu May 10, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: AAPL - Great Investment or Value Trap
Replies: 62
Views: 8732

Re: AAPL - Great Investment or Value Trap

Heads up! Apple is going to decline today, as I have an open order to sell half my Apple stock IF it reaches $190/share. :D If it hits $190, that is about a doubling of my purchase price of $93.55 in 2016. Might continue up even more, might go down. Unlike Mr Buffett and Berkshire Hathaway, my hold...
by mortfree
Wed May 09, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Question
Replies: 22
Views: 2577

Re: Mortgage Payoff Question

You would be missing out on: Power of compounding. Power of tax deferral with 401k ( as mentioned above). You could probably Cash flow college. Target mortgage payoff in 8-10 years. Your plan is extreme. Land somewhere in the middle. I had a paid off home at 39 but we moved and I have a mortgage aga...
by mortfree
Wed May 09, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Golf ball] cracked my house window. Do I have any recourse?
Replies: 68
Views: 7575

Re: Gold ball cracked my house window. Do I have any recourse?

in my neighborhood, the golf course has a sign that the golfers are responsible for any damage to the homes.

good luck.
by mortfree
Wed May 09, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: When to replace a car windshield
Replies: 27
Views: 1894

Re: When to replace a car windshield

replace the windshield or replace the entire car...