Search found 1261 matches

by mortfree
Thu Jul 26, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: $25k cash to invest - lump sum into Taxable or monthly into 401k?
Replies: 11
Views: 754

Re: $25k cash to invest - lump sum into Taxable or monthly into 401k?

Do you have a separate emergency fund already? That is, in addition to the 25k.
by mortfree
Wed Jul 25, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: 200k in savings....too much
Replies: 31
Views: 2735

Re: 200k in savings....too much

I would read through this page of the wiki too (I don't think that was mentioned before https://www.bogleheads.org/wiki/Managing_a_windfall I also wouldn't pay off the house. Been there, done that at age 39. Max the Roth Fund the EF read the wiki above for a windfall. Hopefully that will lead to no ...
by mortfree
Wed Jul 25, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3518

Re: Invest in guaranteed return or stock market?

let me guess, the 4% is a mortgage.... Would your answer change if it was a mortgage? I have paid a mortgage off before... Okay. Have you invested in the market before? Does that mean you would always prefer the guaranteed 4% over the market? I take a balanced approach to my finances b/c I need my ...
by mortfree
Wed Jul 25, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3518

Re: Invest in guaranteed return or stock market?

JoeRetire wrote:
Wed Jul 25, 2018 11:56 am
mortfree wrote:
Wed Jul 25, 2018 11:54 am
let me guess, the 4% is a mortgage....
Would your answer change if it was a mortgage?
I have paid a mortgage off before...
by mortfree
Wed Jul 25, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3518

Re: Invest in guaranteed return or stock market?

let me guess, the 4% is a mortgage....

and it's a trick question.
by mortfree
Wed Jul 25, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Help with Budget Please...(detailed income added)
Replies: 28
Views: 2279

Re: Help with Budget Please...

Where is the line item for monthly savings after expenses?

That is probably the most important.

Will your wife go back to work after the baby is here?
by mortfree
Tue Jul 24, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to pay extra principal on mortgage monthly when you will sell before payoff?
Replies: 8
Views: 1695

Re: Does it make sense to pay extra principal on mortgage monthly when you will sell before payoff?

Are you maxing your retirement contributions?

$250/month isn’t much so you could probably continue paying that towards the mortgage in case you stay there longer. Never know.

Just need to be sure you are responsible with that $250 IF you don’t put it towards the mortgage (i.e. save/invest)
by mortfree
Tue Jul 24, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Auto loan payback credit score verse interest
Replies: 8
Views: 709

Re: Auto loan payback credit score verse interest

I’ll guess your payment is around $180/month.

If you pay down 12k then 1000/180 plus some interest. You’ll have it paid off in 6 months.
by mortfree
Tue Jul 24, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Balancing Loans, Windfall, and Retirement
Replies: 13
Views: 1088

Re: Balancing Loans, Windfall, and Retirement

Do you qualify for a Roth?*** I don't think there is a 25% tax bracket in 2018. it's either 22 or 24%. Scenario 1: You qualify for the Roth and contribute 11k. You payoff the 6k car loan 3k hold in cash. Scenario 2: You do not qualify for the roth. Payoff the 6k car loan. Increase retirement contrib...
by mortfree
Sun Jul 22, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Am I secure using my computer for financial services?
Replies: 28
Views: 3984

Re: Am I secure using my computer for financial services?

Can you install a red phone that is directly linked to Mr. Bogle?
by mortfree
Sun Jul 22, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: When to buy airline tickets for Christmas flight?
Replies: 12
Views: 1552

Re: When to buy airline tickets for Christmas flight?

Some people like to buy them all at once while others might buy one at a time between now and Christmas.
by mortfree
Fri Jul 20, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage
Replies: 12
Views: 638

Re: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage

If you are financially able to write checks to each student loan company then go ahead and pay them off. Establish the loan terms with your stepdaughter but I think the best thing for you will be to look at it like a gift and if she doesn’t pay it back in full (for whatever reason) you can’t let it ...
by mortfree
Thu Jul 19, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Selling Fractional Shares after a Transfer
Replies: 9
Views: 712

Re: Selling Fractional Shares after a Transfer

give it time. the sale of the fractional shares will happen, soon.
by mortfree
Thu Jul 19, 2018 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 63
Views: 6227

Re: Reevaluating mortgage payoff strategy

Not enough info. What is the mortgage balance in dollars? How much equity is in the home and how much of your net worth does it represent? That is, do you have too much in the house already? You could increase your cash savings/emergency fund to 12 months. Then continue adding to your taxable accoun...
by mortfree
Wed Jul 18, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7641

Re: How do you handle the urge to DO something?

I put money towards my credit card* or pay my mortgage earlier. That usually helps.

*CC paid in full by the due date
by mortfree
Wed Jul 18, 2018 2:14 am
Forum: Investing - Help with Personal Investments
Topic: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager
Replies: 10
Views: 1136

Re: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager

Maybe you should look into Vanguard Personal Advisory Services (PAS). Fee is 0.3%.

Don’t believe the hype of certain money management companies. They just want your money. In their pockets
by mortfree
Tue Jul 17, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Water leaking from skylight window - Roofer cannot find cause!
Replies: 10
Views: 753

Re: Water leaking from skylight window - Roofer cannot find cause!

AlohaJoe wrote:
Tue Jul 17, 2018 10:57 am
You've only had one roofer look at it and give you a quote. And you didn't like his answer.

Is there some reason you're not calling another roofer instead of posting on the internet?
You underestimate the power of the internet...
by mortfree
Tue Jul 17, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, no debt, where to put it? [USA]
Replies: 10
Views: 740

Re: Small windfall, no debt, where to put it? [USA]

don't forget 2019 is only a few months away. might as well plan to use some of that money to max out both Roth IRAs then too. payoff the car max the 2018 roth iras increase the 401k and live off some of the excess windfall, if necessary. all else leftover goes to taxable. I ignored the 529 given you...
by mortfree
Mon Jul 16, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Saved up down payment, but may not be buying soon; where to place money
Replies: 2
Views: 372

Re: Saved up down payment, but may not be buying soon; where to place money

I would consider putting something like 10k, 15k or 20k in US Total stock market (VTSAX or VTI).

Rest in CDs, online savings etc.
by mortfree
Mon Jul 16, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 2703

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

I have to max it out with my last paycheck and I don’t want $58 (I.e. the amount just over 18.5k) going to an after tax account. If your plan has in-service distribution or in-plan rollover of after-tax, then you're missing an opportunity to up your Roth contributions. Thanks. It doesn’t but apprec...
by mortfree
Mon Jul 16, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9505

Re: Bored

Do you need term life insurance? I forgot to list that. I got a $250k 20yr stop-gap policy and have another $1M through my employer. I also got a 1M umbrella policy. Increasing savings more would be challenging with my 15yr mortgage, but I will think about it. Key word in my question was “need”. So...
by mortfree
Mon Jul 16, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9505

Re: Bored

Do you need term life insurance?
by mortfree
Sun Jul 15, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7618

Re: Anyone not have a Budget?

I don’t adhere to a budget. I list out my expenses by month in excel- Actual versus estimated. I mainly track my savings and ensure I have enough to cover the “big” expenses like auto insurance, Home Insurance, and school/property taxes. Now even propane for home heating, etc. I charge everything I ...
by mortfree
Sun Jul 15, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 2703

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

ThriftyPhD wrote:
Sun Jul 15, 2018 5:55 pm
mortfree wrote:
Sun Jul 15, 2018 5:49 pm
If your plan has spillover election be sure that is turned off.

Congrats on maxing both.
Why turn off spillover election?
I have to max it out with my last paycheck and I don’t want $58 (I.e. the amount just over 18.5k) going to an after tax account.

YMMV
by mortfree
Sun Jul 15, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 6192

Re: Accepted new job, immediately laid off at old one?

Maybe you can start your new job earlier or enjoy the time off.

May want to do some math for tax purposes so you know where you will fall.

The severance is a great bonus!
by mortfree
Sun Jul 15, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 2703

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

If your plan has spillover election be sure that is turned off.

Congrats on maxing both.
by mortfree
Sat Jul 14, 2018 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Inlaws need $50k loan for new home, hard time finding lenders
Replies: 17
Views: 2474

Re: Inlaws need $50k loan for new home, hard time finding lenders

Borrow more (100k for instance) and then pay a lump amount after the first payment is due (????)
by mortfree
Sat Jul 14, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 197
Views: 27372

Re: How Much in Your Emergency Fund And Is It Used?

For the people with $0 emergency funds and large taxable savings, how do you handle emergency/lumpy expenses? Do you really sell taxable investments and pay capital gains every time one of them comes down the line? Or do you keep other cash accounts that are earmarked for those lumpy expenses? just...
by mortfree
Fri Jul 13, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 39
Views: 5254

Re: Denied for an auto loan 2 weeks after purchase??

Do you have enough info to create an online account at Honda financial services for this vehicle? Or have you called them? Good question. The only contact info provided on the letters we received was for TransUnion. I’ll look into that. Update: no, HFS requires an account number to register online ...
by mortfree
Fri Jul 13, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 39
Views: 5254

Re: Denied for an auto loan 2 weeks after purchase??

Do you have enough info to create an online account at Honda financial services for this vehicle?

Or have you called them?
by mortfree
Fri Jul 13, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 7764

Re: Tell me what's wrong with my strategy

You should have bought FAANG 5-10 years ago
by mortfree
Thu Jul 12, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with "Extra" money:
Replies: 8
Views: 927

Re: What to do with "Extra" money:

Grandkids? 529 or taxable account. Might I suggest Berkshire Hathaway A shares. Otherwise donate to your alma mater, local library, or religious affiliation or animal shelter. + 1, but rather than any individual stock I suggest a very tax-efficient stock index fund in a taxable account, and I would...
by mortfree
Thu Jul 12, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with "Extra" money:
Replies: 8
Views: 927

Re: What to do with "Extra" money:

Grandkids?

529

or

taxable account. Might I suggest Berkshire Hathaway A shares.

Otherwise donate to your alma mater, local library, or religious affiliation or animal shelter.
by mortfree
Tue Jul 10, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2291

Re: Replace water heater at end of warranty or repair?

CAP_theorem wrote:
Tue Jul 10, 2018 10:09 am
I plan on draining it this weekend
what is your plan if you can't "put it back together"?

do you have a plumber that will come out on the weekend if things go hay wire?
by mortfree
Tue Jul 10, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: AAPL and Tax-Gain Harvesting
Replies: 10
Views: 786

Re: AAPL and Tax-Gain Harvesting

If I were to sell $20K in AAPL and then use $14.5K of the proceeds to re-purchase AAPL and convert the remaining $5,500 to a Roth IRA, would that Roth IRA conversion lower my taxable income thereby allowing for an additional $5,500 of gains harvesting? Thanks folks! Roth conversions increase your t...
by mortfree
Tue Jul 10, 2018 6:52 am
Forum: Personal Consumer Issues
Topic: Rodents ate my car, and my insurance is ripping me off!
Replies: 37
Views: 3037

Re: Rodents ate my car, and my insurance is ripping me off!

Was it really necessary to submit a claim for this? I could not have said it better myself! This question is asked in hindsight of the situation. Given that the insurance didn't pay anything towards the $1000+ repair, was it worth submitting a claim? Do you now have a policy with a claim on it inst...
by mortfree
Mon Jul 09, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance welcomed
Replies: 17
Views: 1235

Re: A little guidance welcomed

9k in cc and 18k cash??

Surely you can apply some of that cash to the cc and have it paid off in 2018. Think big, like putting at least 5k towards the cc tonight.

Fix the leaks in your budget and I don’t mean lowering the 401k.
by mortfree
Mon Jul 09, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner meeting
Replies: 17
Views: 2038

Re: Financial Planner meeting

Sounds like a classic FUD case. I am sensing Fear, uncertainty and doubt in your post.
by mortfree
Mon Jul 09, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: App - Index app
Replies: 4
Views: 263

Re: App - Index app

The yahoo stock app that was standard on the iPhone.
by mortfree
Mon Jul 09, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy needs help
Replies: 7
Views: 310

Re: Strategy needs help

I would prioritize retirement over 529. How many years are you going to put $12k in? I would slow that down and increase pre-tax 401k/457b contributions. Back door Roth IRA should still be an option. Anyone got suggestions on how to convince the wife that we are more important than her babies? :twi...
by mortfree
Mon Jul 09, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy needs help
Replies: 7
Views: 310

Re: Strategy needs help

Why only 5% to 401k? Missing out on reducing your taxable income.
by mortfree
Mon Jul 09, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car, and my insurance is ripping me off!
Replies: 37
Views: 3037

Re: Rodents ate my car, and my insurance is ripping me off!

Was it really necessary to submit a claim for this? $1,000+ claim on a policy with a $200 deductible and you’re asking why OP wanted to file a claim? +1 I carry a $1k deductible on my vehicles, but Church Lady has paid for a policy with a lower deductible...she should expect payment on this claim. ...
by mortfree
Mon Jul 09, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Rodents ate my car, and my insurance is ripping me off!
Replies: 37
Views: 3037

Re: Rodents ate my car, and my insurance is ripping me off!

Was it really necessary to submit a claim for this?
by mortfree
Mon Jul 09, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Custodial Account (UTMA) and short term capital gains
Replies: 3
Views: 207

Re: Custodial Account (UTMA) and short term capital gains

I want to do the same gain harvesting.

$0 earned income

My understanding is $1050 (gains and dividends) is not taxed and no return required.

When would a tax return for a child with $0 earned income be required?
by mortfree
Sat Jul 07, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7572

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Please steer clear of any advisor. They are most likely drooling over your account.

In addition to the AUM, they’ll put you in funds that charge fees for buying and/or selling. They’ll churn your account to make it look like active trading but they just want more $$
by mortfree
Sat Jul 07, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Conundrum
Replies: 5
Views: 763

Re: Another Home Affordability Conundrum

Be very aware of the school district(s) for where you are looking.

That may rule out some homes right away and narrow your search.
by mortfree
Sat Jul 07, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Re-casting mortgage
Replies: 11
Views: 1393

Re: Re-casting mortgage

With a $6k mortgage payment I’ll assume you have enough interest that you are above the new $24k standard deduction. Maybe that is another thing to consider depending on your tax bracket. Either way I would take the 250k, set in high interest savings account and draw from that each month to pay the ...
by mortfree
Sat Jul 07, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1870

Re: 401k loan to pay off debt?

How much is in your emergency fund?

Some of those loans could qualify as an emergency if you are just sitting on cash.

Otherwise I would not do a 401k loan. But that is me.
by mortfree
Sat Jul 07, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5929

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

Engine and cabin filters are a rip off. Learn to DYI those two. Cabin filter. Open glovebox. Press in sides of glovebox. It will drop down. Look for the cabin filter. Pull out old. Insert new. 10 minutes or less and the filter is $20 +/- Engine filter. Open hood. Unscrew or disengage the cabin filte...