Search found 1860 matches

by smitcat
Sun Sep 16, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5581

Re: Employer won't Match 401k. Why?

I am responsible for the 401K plan at a 50ish employee company. When I came onboard, we had a 401K with high fees but "no cost" to the employer. A few years ago, we switched to a 401K plan using Vanguard (actually Ascensus, which is also a hassle. Employers with less than $20M in assets can't work ...
by smitcat
Sat Sep 15, 2018 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10322

Re: Massive Student Loan Debt - Fiancee

And it appears that the OP placed one post and has not returned.....
by smitcat
Fri Sep 14, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Pay off 3.125% 152k mortgage early?
Replies: 37
Views: 3201

Re: Pay off 3.125% 152k mortgage early?

Spock would not pay the loan off early unless he was having one of his emotional episodes.
Neither would we pay it off with those numbers. Prosper whatever you do.
by smitcat
Fri Sep 14, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Connecting with Entrepreneurs
Replies: 2
Views: 244

Re: Connecting with Entrepreneurs

- SCORE
- SBDC in your area and ones in adjacent areas
- Angel investing groups near you
- LinkedIn
- Any larger local funding group(s)
by smitcat
Thu Sep 13, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1834

Re: Determining when to take Social Security if you don’t need the money

As usual, grabiner's analysis is on the mark. OP notes "we do not intend on needing Social Security for our living expenses" and further "(we) intend to leave a legacy to our family". My understanding is that they want to maximize the payout that will go to their family. Unless there are issues wit...
by smitcat
Thu Sep 13, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 588
Views: 86842

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

It has been reported for the 2.4 engine as well, as here (scroll down to #13): https://www.crvownersclub.com/forums/11-shoppin-test-drivin/178209-very-cautious-about-buying-crv-after-reading-some-post-here-advice-please-2.html I have no experience or first-hand knowledge of oil dilution problems wi...
by smitcat
Thu Sep 13, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 3490

Re: Buying a house 1 mile away from a municipal landfill

I'm living in the real world. The point of a lawsuit threat is not to win, but to get real estate agent to reduce their fee in order to have the deal go through if one is stuck in the deal or if one wants to back out and not lose their entire deposit. Will definitely not work where we are - unfound...
by smitcat
Thu Sep 13, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10322

Re: Massive Student Loan Debt - Fiancee

Forget student loan foreignness- it moves too slow and ties you to a job. In the educational field most people do not jump around to different jobs. We just had a teacher retire who went to school here, and worked 35 years in the same room teaching Kindergarten. I taught in three different schools,...
by smitcat
Thu Sep 13, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1834

Re: Determining when to take Social Security if you don’t need the money

here is what we did.... 1. First we used an online SS calculator 2. Then we spent some time over a few moths making a spreadsheet to maximize SS. First had each of us, then the options between the two, then we added columns to adjust for present dollars, then we added columns to adjust for taxes, an...
by smitcat
Thu Sep 13, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2208

Re: 401k "advice" to my associates

Keep your messages simple. They know how to google and find info on the web when the time comes Just make is clear that you encourage everyone to participate and make sure they understand how it works. Points I'd make in your shoes: 1) surprised that participation in the plan is a low as it is, and...
by smitcat
Wed Sep 12, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

This thread is helpful and interesting but I would also encourage anyone in an evacuation zone to get out of Dodge. My parents are enjoying a nice little vacation at their friends' home in the NC mountains while the outer rings of Florence barrel towards their home. The island they live on is closi...
by smitcat
Wed Sep 12, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 588
Views: 86842

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

I'm debating what to do with mine. I have a 2017 EX, approaching 20k miles. Purchased originally b/c I was commuting 85 miles round trip a day and I liked the gas mileage and safety features. Obviously not worried about reliability issues with it being a Honda. So much for that. Had a Tacoma for 9....
by smitcat
Wed Sep 12, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 588
Views: 86842

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

I'm debating what to do with mine. I have a 2017 EX, approaching 20k miles. Purchased originally b/c I was commuting 85 miles round trip a day and I liked the gas mileage and safety features. Obviously not worried about reliability issues with it being a Honda. So much for that. Had a Tacoma for 9....
by smitcat
Wed Sep 12, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10322

Re: Massive Student Loan Debt - Fiancee

The husband married me when I had close to six figures in student loans. I had been a train wreck in my 20s and started getting my stuff together in my early 30s. Before we got married, I paid off all of my credit cards and my car loan. He's made it very clear that he would not have married me if I...
by smitcat
Wed Sep 12, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10322

Re: Massive Student Loan Debt - Fiancee

Mon September 11, 2018 9:10 a.m. I've been dating a wonderful speech-language pathologist for about 2 years and now we're engaged. she took out massive amount of student loan debt (130k+) to pay for her graduate program and she had 25k from her undergrad. Her graduation Date is June 1, 2019 and our...
by smitcat
Wed Sep 12, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

I think it depends on where you live. In my area the probability of a natural gas interruption isn't worth insuring against so my whole house generator is NG only even though it is dual fuel capable and I could have buried a propane tank as a backup. If I lived in New Orleans I'd probably have a ba...
by smitcat
Wed Sep 12, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

I guess we have set up our home and lives such that we don't need power to survive. I don't have to pay for a generator nor its gas nor its maintenance . I realize many people cannot do that, but it is something else to consider. You may not "need" power to simply "survive" in a tent outside you yo...
by smitcat
Wed Sep 12, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

I guess we have set up our home and lives such that we don't need power to survive. I don't have to pay for a generator nor its gas nor its maintenance . I realize many people cannot do that, but it is something else to consider. We do not need power to survive. I included all power: solar, electri...
by smitcat
Wed Sep 12, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

I think it depends on where you live. In my area the probability of a natural gas interruption isn't worth insuring against so my whole house generator is NG only even though it is dual fuel capable and I could have buried a propane tank as a backup. If I lived in New Orleans I'd probably have a ba...
by smitcat
Wed Sep 12, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

I think it depends on where you live. In my area the probability of a natural gas interruption isn't worth insuring against so my whole house generator is NG only even though it is dual fuel capable and I could have buried a propane tank as a backup. If I lived in New Orleans I'd probably have a ba...
by smitcat
Wed Sep 12, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

livesoft wrote:
Wed Sep 12, 2018 1:16 pm
I guess we have set up our home and lives such that we don't need power to survive. I don't have to pay for a generator nor its gas nor its maintenance . I realize many people cannot do that, but it is something else to consider.
We do not need power to survive.
by smitcat
Wed Sep 12, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

FWIW - after hurricane Sandy much of the natural gas lines were either down or tainted with water for a week or more. We can run dual fuel but typically stay with gasoline as it is within our control and easily planned. Ugh. And here I was thinking I had power loss covered. The problem with gasolin...
by smitcat
Wed Sep 12, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10187

Re: Argument for taking social security before 70. Comments?

So, many variables ... let's say you are married & your SS annual benefit would be $25,000 at age 62. You decide to collect at age 70 (I'm just going to use 25K yr benefit for simplicity): - age 62-63 would have collected $25,000 - age 63-64 would have collected $25,000 - age 64-65 would have colle...
by smitcat
Wed Sep 12, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2698

Re: Utility usage way up

Do you have a smart meter? Can you get the usage for a day you don't run the AC and compare it to one where you do use the AC? Obviously, AC in the summer is probably your biggest draw. Is your hot water at the same setting? Is the same number of people using the same amount of electronics? You say...
by smitcat
Wed Sep 12, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2698

Re: Utility usage way up

Do you have a smart meter? Can you get the usage for a day you don't run the AC and compare it to one where you do use the AC? Obviously, AC in the summer is probably your biggest draw. Is your hot water at the same setting? Is the same number of people using the same amount of electronics? You say...
by smitcat
Wed Sep 12, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10187

Re: Argument for taking social security before 70. Comments?

dknightd wrote:
Wed Sep 12, 2018 8:36 am
This is an excellent example of why each couple should run their own numbers. Each couple is unique. There is no right answer that fits everybody.
Absolutely correct ….
by smitcat
Wed Sep 12, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10187

Re: Argument for taking social security before 70. Comments?

Enlightening comments for me in this thread. Thanks for posting. I did not realize that spousal benefits froze at FRA if they have less on their own work record. I did not see a key consideration in any posts, however. It's widely accepted that payouts are going to drop to something like 75% in abo...
by smitcat
Wed Sep 12, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10187

Re: Argument for taking social security before 70. Comments?

I would do different calculations than you. I don't think that getting the optimal "break even point" is the goal , but rather first, are your living expenses (including increased health care costs) covered and, second, how much money is likely to be left when we both have died? Did you take the fo...
by smitcat
Wed Sep 12, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

They then proceeded to start their generator and attempted to turn on every appliance in the house destroying their generator. What? How is this possible? I am forking out for a Generac natural gas automatic generator scheduled to be installed in a couple of months, due to the queue. My understandi...
by smitcat
Tue Sep 11, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2691

Re: Mr.No - another should I pay off my mortgage, post

I would not pay off the mortgage.
Better said, I did not pay off mortgages when in a similar situation and it worked out very well.
by smitcat
Tue Sep 11, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

They then proceeded to start their generator and attempted to turn on every appliance in the house destroying their generator. What? How is this possible? I am forking out for a Generac natural gas automatic generator scheduled to be installed in a couple of months, due to the queue. My understandi...
by smitcat
Tue Sep 11, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Roth Conversion vs. tax-bracketed
Replies: 13
Views: 1050

Re: Lump Sum Roth Conversion vs. tax-bracketed

We use the RPM spreadsheet/calculator to compare various future possibilities and compare Conversions for our best optimization. In our case keeping our taxes mostly 'flat' before and after filing for SS is near the best solution. FWIW we always figure other possibilities by using the calculator for...
by smitcat
Mon Sep 10, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Having wife take SS early?
Replies: 5
Views: 799

Re: Having wife take SS early?

We do not need social security till required at age 70. However, someone told me my wife can take half my social security payments at age 66. Is there any downside to this? Too little info to provide any feedback. Would need to know the age of each person now ,if they are still working ,and what th...
by smitcat
Mon Sep 10, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6664

Re: Hurricane Florence - survival guide

Where do you safely store the gasoline and propane ? And how do you hook an appliance like a refrigerator to the generator. Good questions. This article may help with the gas/propane issue: https://www.popularmechanics.com/science/environment/a7079/the-homeowners-last-minute-hurricane-prep-checklis...
by smitcat
Mon Sep 10, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Home Foundation Water Mitigation in So. Carolina
Replies: 6
Views: 460

Re: Home Foundation Water Mitigation in So. Carolina

We are seriously considering the purchase of a home in Lexington Co. SC. We are from out of state. We have learned that the house we are interested in has foundation piers, french drains and a sump pump. It also has three storm drains along one side of the lot. These were not mentioned in the discl...
by smitcat
Mon Sep 10, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Switching to Employee Fiduciary
Replies: 15
Views: 1220

Re: Switching to Employee Fiduciary

I saw the CEO of ForUsAll post this list as a reason why hiring someone to be a plan administrator is a good idea. Can you please confirm on your experience how much time over the course of a year you spend on the following items as a client of EF. Time spent and any detail would be very much appre...
by smitcat
Sun Sep 09, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3194

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Ok, I checked both my oil level and my owner's manual this morning. I have a 2016 F-150 with 3.5 liter Ecoboost engine. Info display inside says 67% of the way to my next oil change, based on Ford's intelligent monitoring of my driving details. I waited 15 minutes+ after turning engine off before c...
by smitcat
Sun Sep 09, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Switching to Employee Fiduciary
Replies: 15
Views: 1220

Re: Switching to Employee Fiduciary

"Can anyone please confirm if the administrative tasks are burdensome and difficult to get a handle on?" We have EF now for almost 3 years and left another advisor prior to EF - I typically do the admin tasks, here is what I can recall: -11 employees takes me about 10 minutes each payroll period to...
by smitcat
Sun Sep 09, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Switching to Employee Fiduciary
Replies: 15
Views: 1220

Re: Switching to Employee Fiduciary

My wife 401k is at Employee Fiduciary. One issue which I see is that settlement date is unpredictable. Sometimes it happens on pay day and some times 6-7 days after payday. Generally funds are bought on up days. I wonder if they manipulate and give us funds based on higher price and pocket the diff...
by smitcat
Sun Sep 09, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Switching to Employee Fiduciary
Replies: 15
Views: 1220

Re: Switching to Employee Fiduciary

Hello: I have narrowed down my 401k selection to Employee Fiduciary, ForUsAll, and America’s Best. I am leaning towards EF (because it seems to be cheapest and has been around the longest) but my only hesistation is being able to handle all the administrative tasks. Can anyone please confirm if the...
by smitcat
Sat Sep 08, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3179

Re: Selling a newish vehicle yourself, how to do it?

He is not selling a car with serious engine problems. He is selling a car that uses oil and is perfectly fine to drive. If a potential buyer goes to a Honda dealer they will get the same product with the same performance just more costs They can buy that product new or used from the Honda Dealer - ...
by smitcat
Sat Sep 08, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3127

Re: Is it sensible to buy a car from Elon Musk?

We want to add an electric vehicle for our use in the near future - Tesla is now low on the list.
by smitcat
Sat Sep 08, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3194

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Ok, I checked both my oil level and my owner's manual this morning. I have a 2016 F-150 with 3.5 liter Ecoboost engine. Info display inside says 67% of the way to my next oil change, based on Ford's intelligent monitoring of my driving details. I waited 15 minutes+ after turning engine off before c...
by smitcat
Sat Sep 08, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3179

Re: Selling a newish vehicle yourself, how to do it?

As a buyer I would ask, "Are there any issues you know of with this vehicle?" I would record the seller's statement on this. In my state, I don't even have to tell the seller that they are being recorded. If the seller said "no" and later I found out that there were substantial issues, I'd sue the ...
by smitcat
Sat Sep 08, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10166

Re: Max you should invest in a 529?

KlangFool - Your posts indicate that in your family experience all of your relatives (peers) have become millionaires in various careers with and without an education. That is a great testament and also some great data as you posted they retired early for the most part. That data tells us that thei...
by smitcat
Sat Sep 08, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3179

Re: Selling a newish vehicle yourself, how to do it?

As a buyer I would ask, "Are there any issues you know of with this vehicle?" I would record the seller's statement on this. In my state, I don't even have to tell the seller that they are being recorded. If the seller said "no" and later I found out that there were substantial issues, I'd sue the ...
by smitcat
Sat Sep 08, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10166

Re: Max you should invest in a 529?

EddyB, If you do not believe my observation is correct, it should be easy enough for you to provide counterexamples from your own observation. KlangFool It wasn't true for me or anyone I work with (I have salary transparency) and it doesn't seem likely to me to be true for most people who previousl...
by smitcat
Sat Sep 08, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3179

Re: Selling a newish vehicle yourself, how to do it?

Jags4186 specifically said the buyer did not ask about that car's electrical problem. That wasn't a case of 'simply answering honestly', yet you seem to accuse Jags of unethical behavior nonetheless. I agree you should not answer falsely... I believe a seller is morally obligated not to make false ...
by smitcat
Sat Sep 08, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3194

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Thanks for all the advice! I usually only check my oil a couple times a year these days. So I'm pretty sure I've checked it since the last change, but I might not have. My 2004 F-150, my 2007 Mustang, and my wife's 2005 Highlander never fell more than maybe 1/16 of the dipstick level in all the yea...
by smitcat
Fri Sep 07, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3194

Re: Ford F-150 Technical Service Bulletin, legal ramifications

"More and more vehicles don’t have oil dipsticks". Fortunelatly the F150 does have a dipstick. "Therefore, the owner of such a vehicle is forced to rely on the on-board electronic measurement function." That is too bad. Good point. I've not pulled the dipstick on my 2016 F-150 since I took delivery...