Search found 1501 matches

by smitcat
Fri Jun 29, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 48636

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I guess you don't want to tell us. I find it interesting that CUlater has gone radio silent on his oil analysis results. Looks like this entire thread is much ado about nothing. There's plenty of information about how to check into this problem with your own vehicle and I'd do that rather than worr...
by smitcat
Fri Jun 29, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

Nope, I don't see what you're talking about. If I get a school loan, mortgage, or car loan, then I got the loan to pay for school, house, or car, and I absolutely would use that money to pay for school, house, or car, rather than invest it in stocks. I feel like you're operating as if money is fung...
by smitcat
Fri Jun 29, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

I don't consider putting money into a CD to be "investing" (just like I wouldn't consider putting money into my checking account to be "investing"), so, yes, I'd take a $100k loan at 0% in order to put it into a 3% CD. But I wouldn't take a $100k loan at 0% interest in order to put it into stocks, ...
by smitcat
Fri Jun 29, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

See, this is what's weird and confusing. If I had no debt, I wouldn't take a loan at 0% in order to invest. There is no circumstance where I would borrow money for the purpose of investing it. Can't risk losing it and not being able to pay back the loan. Yet I invest while having a mortgage. Becaus...
by smitcat
Fri Jun 29, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

Don't rely on forums, especially truck forums, for much of your research. As you can already see here brand loyalty is strong among internet posters. It is even worse on truck forums. Some of those people are downright crazy when it comes to their trucks. If you go to a Silverado/Ram/F150/Tacoma fo...
by smitcat
Fri Jun 29, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

I used to own a Silverado 1500 but if I had to do it over again I wouldn't get a half-ton full-sized pickup. A 3/4 or 1-ton is exactly the same size but has more capacity - and doesn't cost much more. On the other hand I do see the appeal of smaller trucks. Hello tibbtts, I do not know your experie...
by smitcat
Thu Jun 28, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

See, this is what's weird and confusing. If I had no debt, I wouldn't take a loan at 0% in order to invest. There is no circumstance where I would borrow money for the purpose of investing it. Can't risk losing it and not being able to pay back the loan. Yet I invest while having a mortgage. Becaus...
by smitcat
Thu Jun 28, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

Imagine you had no debt. At what interest rate would you take on debt in order to invest. That threshold should be the same answer as the threshold to pay off debt you have. My threshold would probably be 1% if the debt wasn't a nuisance. I consider things like auto titles being held by the bank an...
by smitcat
Thu Jun 28, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 2504

Re: New car dealer pricing

^Yes, I don't see why it would take more than a couple hours and certainly not weeks. I did a test drive and said something like, "OK, you know the deal where I e-mail a bunch of dealers and get y'all to compete on price. I can forego that if you give me the price I want. I checked on the internet ...
by smitcat
Thu Jun 28, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

Imagine you had no debt. At what interest rate would you take on debt in order to invest. That threshold should be the same answer as the threshold to pay off debt you have. My threshold would probably be 1% if the debt wasn't a nuisance. I consider things like auto titles being held by the bank an...
by smitcat
Thu Jun 28, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

I admit that a Ridgeline is hard to beat if on-road driving comfort is your main purchase criteria. It is basically a crossover SUV with a bed. It does lack some off-road capability, but not everyone needs that. can you elaborate on the off-road capabiity please? like what specifically can the ridg...
by smitcat
Thu Jun 28, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10359

Re: Lost out on promotion

Today I got passed over for promotion at work. The boss says he hasn't seen initiative in me yet. I'm new here, but much more experienced in the industry. I do great things in the background, whereas the other guy chats with the boss all day. They talk non-work things all day. Boss has a set of fav...
by smitcat
Thu Jun 28, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

I admit that a Ridgeline is hard to beat if on-road driving comfort is your main purchase criteria. It is basically a crossover SUV with a bed. It does lack some off-road capability, but not everyone needs that. can you elaborate on the off-road capabiity please? like what specifically can the ridg...
by smitcat
Thu Jun 28, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4047

Re: House seller fudging disclosure re: buried oil tank?

"wifes tales" First four hits when searching for "pumped heating oil into basement": https://lancasteronline.com/news/oil-company-to-clean-up-spill-in-basement/article_9b3ac4be-d915-5b66-8934-d9338724de03.html https://www.lancastereaglegazette.com/story/news/local/2016/12/07/fuel-oil-spilled-baseme...
by smitcat
Wed Jun 27, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3394

Re: What is your debt interest rate threshold?

Hoosierdom wrote:
Wed Jun 27, 2018 12:40 pm
For me anything over 5 I would pay aggressively, anything under 3 I would definitely not worry about and in the middle it depends on a host of factors. Those are admittidly arbitrary numbers.
About the same for us.
by smitcat
Wed Jun 27, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4047

Re: House seller fudging disclosure re: buried oil tank?

the oil tank was in the basement and the fill pipes ran thru the wall underground and then came up outside the home. I've seen those, but the OP says he toured the house and didn't mention seeing an interior tank. You would never see any evidence of a tank on my Dad's home either - the basenent was...
by smitcat
Wed Jun 27, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4047

Re: House seller fudging disclosure re: buried oil tank?

I obviously need an education on oil tank plumbing. The ones I've seen all have integral fill pipes, like this: https://info.combinedenergyservices.com/hs-fs/hubfs/combined_energy_services_oil_tank_removal_Milford_PA-1.jpg?t=1529775949689&width=640&name=combined_energy_services_oil_tank_removal_Mil...
by smitcat
Wed Jun 27, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Well, most of the families in this country do it. It is obviously very area-dependent, but it also sounds like you think people living on less than you just sit in front of a TV all day; that's quite a presumptuous statement. Having an active, healthy, and happy life doesn't require you spend vast ...
by smitcat
Wed Jun 27, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

You need to re read the OP. One of the top choices is the Silverado. The Ridgeline is a joke. Why do you think no one buys it? The best selling trucks every year are the big three with Toyota a distant fourth and Honda not even an afterthought. It is a niche vehicle for people that don't really use...
by smitcat
Wed Jun 27, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Cars $22K: Car payment $6K, gas $4K, Insurance $5.5K (teen driver), maintenance/excise/AAA/etc. $6.5K (three cars). Again we won't incur all of this every year (there will be plenty of years we don't have any car payment; insurance will go down after the kids are off the policy, etc.). So assume sa...
by smitcat
Wed Jun 27, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by smitcat
Wed Jun 27, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

I am on my third Toyota Tundra. I have a 40 acre farm and also a 200 acre hunting property up north. I haul quite a lot of stuff and equipment between the properties. I also have a regular job. I have test driven the Chevy and F-150 but always preferred the ride of the Toyota. And it is way cheaper...
by smitcat
Wed Jun 27, 2018 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10359

Re: Lost out on promotion

Can I go tell my boss that I feel used? He had already made up his mind about hiring Carlos. He used me to show to his colleagues that Carlos was chosen amongst multiple applicants. It was a sham interview. He said my interview went really well and my technical skills are unmatched, but he hasn't s...
by smitcat
Wed Jun 27, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6216

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

I really appreciate the discussion - helping me learn as this is the first time I've found myself with some acreage needing a truck. Newbie truck owner questions - I don't see much of a payload difference between the trucks. The F150 goes 1,485 to 2,311 lbs (with the payload package), the Ridgeline...
by smitcat
Tue Jun 26, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation Rate, isn't it personal?
Replies: 46
Views: 3259

Re: Inflation, isn't it personal?

There seem to be a lot of posts about inflation lately. Much discussion about which measure to use and if inflation is under or accurately reported. Problem is that the government numbers are aggregate measures across the economy and it seems to me inflation is more or less individual. If you own a...
by smitcat
Tue Jun 26, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: university admission issue
Replies: 27
Views: 3110

Re: university admission issue

A few questions not related to the exact college.... - Did the individual that you know get clearance and an ID number to register for classes? - Did he/she register for the classes? - Were those classes what she/he needed for the desired degree? - Was a detailed bill sent for these classes? (like e...
by smitcat
Mon Jun 25, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if...
by smitcat
Mon Jun 25, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35752

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

The major drivers to this complicated decision are the tax class you are in when making the money as well as what you will be in when retired. Adding some variables - I always received a match on the 401K - mostly in the area of 5-6%. All of the 401K funds were contributed while we were in a higher ...
by smitcat
Mon Jun 25, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4047

Re: House seller fudging disclosure re: buried oil tank?

That’s not how buried oil tanks work, typically the filler tube is below ground, not above ground sticking out like a sore thumb. The vent pipe is nearby, but not directly on top of the tank. So it is entirely possible to decommission a below ground tank without touching the vent pipe. I had an ing...
by smitcat
Mon Jun 25, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

As of 2015, more than half the US income tax returns report an Adjusted Gross Income (AGI) of less than $40,000. https://www.irs.gov/statistics/soi-tax-stats-individual-statistical-tables-by-size-of-adjusted-gross-income AGI is not the same as spending, and not everyone who files is self-sufficient...
by smitcat
Mon Jun 25, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4047

Re: House seller fudging disclosure re: buried oil tank?

leave this alone as you have no solid information on the home at all really. - 2 years ago you saw a vent and fill pipe - you do not know if there was or is a tank - they may have removed the tank in the last two years - it may have not been there when you viewed the home A reasonable person cannot ...
by smitcat
Sun Jun 24, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1463

Re: Social Security Calculation Done Correctly?

I'm starting to go back and look at what I made and calculate what my SS benefit would be. My understanding is that it's the top salary average for the 35 years and years not worked in that 35 year period would count as 0. My understanding is that the average salary cap is $120K. I imagine your sal...
by smitcat
Sun Jun 24, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8453

Re: Retirees: When you cut spending, what do you cut?

I'm of the opinion that if you have to cut your chosen lifestyle, then you failed. You didn't save enough or you didn't handle the investments properly. Easily solved - just set your lifestyle goals low enough and you are there. A quick clarification, my statement should have been, ". . . if you ha...
by smitcat
Sun Jun 24, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8453

Re: Retirees: When you cut spending, what do you cut?

Earl Lemongrab wrote:
Sun Jun 24, 2018 12:55 pm
I'm of the opinion that if you have to cut your chosen lifestyle, then you failed. You didn't save enough or you didn't handle the investments properly.
Easily solved - just set your lifestyle goals low enough and you are there.
by smitcat
Sun Jun 24, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. Schrute - you c...
by smitcat
Sat Jun 23, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. The most import...
by smitcat
Sat Jun 23, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. Schrute - you c...
by smitcat
Sat Jun 23, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

We are in a pretty high cost area and have "core" expenses tracked quiet a while for 3 people - if we remove the home mortgage (PITI), vacations, savings taxes and health care it summarizes like this: 13K utilities 9K groceries 10K auto 9K everything else 5K budget for home maint 46 core total (no ...
by smitcat
Sat Jun 23, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

I think the answer completely depends on the lifestyle. Reality is probably 90% of people will retire with far less, perhaps they won't retire early but they also wouldn't have $2M to their name at 40 (or ever). The issue is that most people that posses amounts in the $2M-$3M prior to retirement ar...
by smitcat
Sat Jun 23, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by smitcat
Sat Jun 23, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc. Where on EARTH are you finding decent HC (BCBS) at $3K per year? Unless you're getting large subsidies most recommend budget...
by smitcat
Sat Jun 23, 2018 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

schrute wrote:
Fri Jun 22, 2018 10:18 pm
Would pay for health care on my own, I think it's $3K year.
I think it's $3K year....??
by smitcat
Fri Jun 22, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2899

Re: Buy new truck before retiring?

Hello RetiredAl, His 2015 2500 HD is a gas powered pickup with a 6 speed so it has the 6L90 transmission. The newer 2018 with the 5.3 comes stock with that same trans (6 speed 6L90) but offers an optional 8 speed which the OP will not get with his specs. The 2500 is more than 1,000#'s heavier than ...
by smitcat
Fri Jun 22, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14714

Re: Did you celebrate when you finally hit $1m?

It's just a number. While it may be a goal worth noting, it's a bit like driving across the border from Ohio to Indiana...the landscape will not have changed much--financially or otherwise. You really aren't much better off than you were at $990,000. I agree, and I have never driven between Ohio an...
by smitcat
Fri Jun 22, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

I don't think that's true at all. Certainly it is possible. The median FAMILY income is what, 55k or something? A good reference for this is Table 1 on page 6 of this annual Census publication (for 2016) . This table indicates that in 2016, median household income in the United States was $59k per ...
by smitcat
Fri Jun 22, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

I don't think that's true at all. Certainly it is possible. The median FAMILY income is what, 55k or something? A good reference for this is Table 1 on page 6 of this annual Census publication (for 2016) . This table indicates that in 2016, median household income in the United States was $59k per ...
by smitcat
Fri Jun 22, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2899

Re: Buy new truck before retiring?

I have owned all of the major brands - Chevy , Ford and Dodge and often more than one brand at a time. Fact is they all have strong points and weak points - while I valued my Fords (2 F350's and one F150) they are not superior in all areas except when it comes to price. It's one thing to own all th...
by smitcat
Fri Jun 22, 2018 6:23 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2899

Re: Buy new truck before retiring?

Jwfail...... I believe his is key: "We plan to make several multi-state trips next year, ie: Oregon, Montana, Arizona." So you have a HD truck that made to haul big-ass loads around and you want to swap it to a lighter duty truck. The lighter duty truck has smaller transmission, smaller physical en...
by smitcat
Fri Jun 22, 2018 6:01 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2899

Re: Buy new truck before retiring?

Folks, we're talking about a 20' trailer that weighs 4,000 lbs. You don't need a 3/4 ton HD truck to pull that. If he was pushing 7k+ and 30+ ft then you're going to see a big difference behind a 2500 vs. 1500. But not 20'/4,000 lbs. Of course you are absolutely correct - I did pull an 18,500 # tra...
by smitcat
Thu Jun 21, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2899

Re: Buy new truck before retiring?

Never been a Ford fan, but that is why they have different brands. Well, it might be time to look again. If you look at them rationally, examine payload, towing, mpg, horsepower/torque and features then it is abundantly clear which company is producing the superior truck. Hint: its not Chevy. I hav...