Search found 708 matches

by LittleMaggieMae
Sun Apr 18, 2021 5:10 pm
Forum: Investing - Theory, News & General
Topic: Whence inflation?
Replies: 161
Views: 10329

Re: Whence inflation?

I don't think the smaller amounts in the packages that are the same size is about "portions". I wish many packages of prepared foods that I buy came in even portions (no extra .5 or .25 of a portion). I wish the prepared foods came in even numbers of servings - so 2 or 4. That would help m...
by LittleMaggieMae
Fri Apr 16, 2021 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my mortgage?
Replies: 15
Views: 1152

Re: Should I refinance my mortgage?

One of the reasons to take a low interest mortgage that gives you a reasonable payment for your income is so that you can save for other things during the decade or two or three that you are paying off your mortgage. Remember all that "blah blah blah" about how wonderful and powerful compo...
by LittleMaggieMae
Fri Apr 16, 2021 11:00 am
Forum: Personal Investments
Topic: Going to receive around $1 million - what to do ?
Replies: 38
Views: 6510

Re: Going to receive around $1 million - what to do ?

My hind sight - because you are young - front load your retirement or Financial Independence money. Then I'd make sure to do retirement, kids education, financial independence things with your yearly income. Then figure out what things on your list you want to do with money from your income: 1) buy ...
by LittleMaggieMae
Fri Apr 16, 2021 9:51 am
Forum: Personal Consumer Issues
Topic: Do Basement Bathrooms w/Ejector Pumps work? (w/Sewers, not Septic)
Replies: 20
Views: 1270

Re: Do Basement Bathrooms w/Ejector Pumps work? (w/Sewers, not Septic)

I am ambivalent about basement bathrooms with ejector pumps. I think how well they solve a problem depends on the local area and if the house is a 'flip' and the basement bathroom was added so a higher price could be had for the house. I live in a densely populated area with most houses built 70 to ...
by LittleMaggieMae
Thu Apr 15, 2021 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Another home insurance rant - do you really give them all that info?
Replies: 13
Views: 1269

Re: Another home insurance rant - do you really give them all that info?

I get it. I don't really want to give all my personal info to a company I might not do business with - if I'm just looking for a quote. If you don't want to get quotes from other insurance companies - you may just need to visit with your insurance agent and go over your policies and "reset"...
by LittleMaggieMae
Thu Apr 15, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 321
Views: 21734

Re: "Nobody's ever regretted paying off the mortgage."

My earlier point was to highlight the fact - don’t party yet - because nearly half of that mortgage payment could be escrow and other home-maint related items — which still need to be accounted/budgeted for — whether or not in retirement or during active earning days.. I don't understand what you m...
by LittleMaggieMae
Thu Apr 15, 2021 10:39 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13875

Re: If you hit your # would you retire in this market?

If you hit your # would you retire in this market? If I hit my # I would move to the next phase of the plan and be more actively plotting out what "financial independence" means and looks like and how that effects my "retirement". I'm not very good at changing course overnight.....
by LittleMaggieMae
Wed Apr 14, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 321
Views: 21734

Re: "Nobody's ever regretted paying off the mortgage."

For people who view things from a cash-flow perspective paying off a mortgage greatly improves monthly cashflow substantially by eliminating what is for most people by far the largest line item in their monthly budget. Is the P&I part of a mortgage that's 10 or 15 years old - really that big a ...
by LittleMaggieMae
Wed Apr 14, 2021 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 321
Views: 21734

Re: "Nobody's ever regretted paying off the mortgage."

I'm asking why, in your opinion, is this advice to pay down the mortgage so prevalent in the personal finance industry? When I looked at Dave Ramsey and his target audience about 10 years ago, it was people who had more debt/monthly expenses than paycheck income. Often, the debt/monthly expenses we...
by LittleMaggieMae
Tue Apr 13, 2021 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my rental?
Replies: 5
Views: 398

Re: Should I refinance my rental?

I opted to not refi either of my low balance mortgages. I also looked at doing cash out refi's but I didn't get any interest rates under 4% or closing costs under $3K. I assume the lenders don't want to lend me money (I'm not generating much profit for them) or keep me as a customer long term (I've ...
by LittleMaggieMae
Tue Apr 13, 2021 12:22 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4641

Re: Emergency (oh my God fund)

For many years (decades) I had an EF that was 3 months "expenses" and I would increase it if I took on additional expenses - like say the mortgage went up (due increased proptax or insurance) that wasn't part of the original expenses the EF was based on. At some point in my financial journ...
by LittleMaggieMae
Mon Apr 12, 2021 8:10 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 4058

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

Following. Any gotchas to paying off early? Will the mortgage company try to squeeze you somehow? I'm in a similar spot to OP. Expect a smallish windfall in the summer. Likely enough to pay off my remaining mortgage of around $50k @ 2.875% with 15 months left. Feel like it could be a good move, but...
by LittleMaggieMae
Mon Apr 12, 2021 6:38 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 4058

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

I guess I'd base my decision on why I was selling the Investment Property. (I'm assuming there was some over reaching goal or reason to sell....) If I was close to retirement and my current nest egg (and pension and/or SS) wouldn''t cover my retirement expenses - I'd invest the money and keep paying...
by LittleMaggieMae
Mon Apr 12, 2021 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turnkey rentals in another state
Replies: 8
Views: 522

Re: Turnkey rentals in another state

I figured as much. Still, someone is buying these things. I saw a story in the NYTimes today about investments by various congresspeople and there was a Representative from Hawaii who holds several properties in Memphis, which got me curious. Might they be looking for "losses"? Or whateve...
by LittleMaggieMae
Mon Apr 12, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3235

Re: What do you do with well worn clothing?

In the past Goodwill WOULD recycle clothes that could not be sold (or shipped overseas for use). I'm too lazy to google for this info to see if it's still true. I tend to turn old worn clothes into "cat bed liners/filler" as my cats like cardboard boxes over actual cat beds. When the artic...
by LittleMaggieMae
Sun Apr 11, 2021 9:42 pm
Forum: Personal Investments
Topic: Mortgage Payoff vs Taxable Account - What else should I consider?
Replies: 52
Views: 3963

Re: Mortgage Payoff vs Taxable Account - What else should I consider?

How about Option C) 50/50? $2900 towards Option A) and $2900 Option B). I rather like this idea. By paying some of the mortgage down - while building up some "savings/investments" It would compensate for NOT knowing the answers to the questions below. (so that say in 2 or 3 years your wor...
by LittleMaggieMae
Sun Apr 11, 2021 7:24 pm
Forum: Personal Investments
Topic: Mortgage Payoff vs Taxable Account - What else should I consider?
Replies: 52
Views: 3963

Re: Mortgage Payoff vs Taxable Account - What else should I consider?

How about Option C) 50/50? $2900 towards Option A) and $2900 Option B). I rather like this idea. By paying some of the mortgage down - while building up some "savings/investments" It would compensate for NOT knowing the answers to the questions below. (so that say in 2 or 3 years your wor...
by LittleMaggieMae
Sun Apr 11, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4862

Re: Do budgets work?

Wouldn't a Big Expense that you can't cash flow indicate that you might need to "budget" for that expense? Especiaally an expense you KNOW is coming - property taxes, a vacation, school tuition? You'd need alot of disposable income every month to handle a large property tax bill (on your ...
by LittleMaggieMae
Sun Apr 11, 2021 11:55 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3472

Re: Would you preemptively replace your Roof

FWIW: I plan on "preemptively" replacing my asphalt shingle roof in the next year or two... I had 30 year shingles install 23 years ago when my roof failed in a "deluge" of water. (23 years ago my house was a fixer upper that was purchased with an old roof. I had done a DIY patch...
by LittleMaggieMae
Sun Apr 11, 2021 11:47 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3472

Re: Would you preemptively replace your Roof

I would not preemptively replace a roof. They are just too expensive. I just cross my fingers and pray for a major hail storm. Worst case, you’ll just end up replacing it at your own expense when it reaches its natural end of life. This is odd to me. Aren't your home owner insurance premiums higher...
by LittleMaggieMae
Sat Apr 10, 2021 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7038

Re: Theory: The Only Four Situations Justifying Debt

Otherwise, the answer to "whether I should take out debt" is always NO. Don't buy depreciating assets like cars or electronics on credit. IDK, The convenience of having a very manageable car payment was worth the $800 in interest I paid (5 year loan). I didn't have "enough" save...
by LittleMaggieMae
Sat Apr 10, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4862

Re: Do budgets work?

Wouldn't a Big Expense that you can't cash flow indicate that you might need to "budget" for that expense? Especiaally an expense you KNOW is coming - property taxes, a vacation, school tuition? You'd need alot of disposable income every month to handle a large property tax bill (on your p...
by LittleMaggieMae
Sat Apr 10, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4862

Re: Do budgets work?

This morning, I read a Tweet I found depressing: "In 13 years as a financial advisor, I've never seen anyone actually turn their life around with a budget. They either earn their way out of their spending habits, or they are in debt forever." Do you agree? First I wonder what "budget...
by LittleMaggieMae
Fri Apr 09, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Retirement Home vs Nest Egg - Your Take?
Replies: 7
Views: 1117

Re: Value of Retirement Home vs Nest Egg - Your Take?

I think it's all about the expenses of the paid off house. in other words, property tax, insurance(s), hoa fees, monthly maintenance (landscaping,pool, something else?), monthly utilities, and then actual "maintenance" - the eventual need to repaint or recarpet or a minor repair- leaking f...
by LittleMaggieMae
Thu Apr 08, 2021 2:14 pm
Forum: Personal Investments
Topic: How to get my Roth IRA contribution history
Replies: 15
Views: 1211

Re: How to get my Roth IRA contribution history

Your yearly income tax paperwork may have info on if you contributed or not... but you may only keep 5 to 7 years of that info on file at home. I'm pretty sure there's a place to enter in your Roth contributions for the year (even if it didn't effect your taxes)
by LittleMaggieMae
Thu Apr 08, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: HOA rules - limit number of rentals?
Replies: 39
Views: 3146

Re: HOA rules - limit number of rentals?

I have a rental townhouse. It's 1 unit in a building with 3 other units (so 4 units per stand alone building) in a subdivision with 100 or so other buildings just like the one I described. There are 5 different HOA's (based around a pool, common area). It's been so long I can't remember the "re...
by LittleMaggieMae
Tue Apr 06, 2021 8:31 pm
Forum: Personal Investments
Topic: How should I invest cash just sitting in the bank?
Replies: 27
Views: 4085

Re: How should I invest cash just sitting in the bank?

What is the purpose of the 250K? Do you have an EF (or maybe 2-3 months of expenses) somewhere easy to get to? This pay off of this money isn't big returns it's a "Warm Fuzzy" feeling. I might set up a "stream" or a paycheck transfer of some amount that always goes to this accoun...
by LittleMaggieMae
Tue Apr 06, 2021 7:39 pm
Forum: Personal Investments
Topic: Anxiety/Overthinking
Replies: 35
Views: 2726

Re: Anxiety/Overthinking

I will not change anything until I am 30 years old, at which point I will evaluate my financial situation and consider adding bonds if I see fit. If Bitcoin is still around by then, which it may not be, I will likely stop adding to my position in it and might sell some of it. I get the worry and th...
by LittleMaggieMae
Tue Apr 06, 2021 4:54 pm
Forum: Personal Consumer Issues
Topic: New home, new mortgage?
Replies: 8
Views: 815

Re: New home, new mortgage?

When retired will take SS at 70 and have a pension. Together they total about 100k a year. Not being morbid - but you should probably consider what income will be available with "survivor" benefits. I'm guessing you will want to insure that there's enough income to cover all the monthly b...
by LittleMaggieMae
Tue Apr 06, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20863

Re: How much do you spend annually in retirement?

My gut tells me that $50,000 annually would be living "high on the hog" assuming all debts are paid off. It is very variable... is your gut feeling based on some actual expense numbers? Just to keep my "paid off house and car" - Property Taxes, insurances, stickers/plates for th...
by LittleMaggieMae
Tue Apr 06, 2021 1:20 pm
Forum: Personal Investments
Topic: Invest or Payoff mortgage
Replies: 29
Views: 2667

Re: Invest or Payoff mortgage

As you are both in your late 40's - and that you will most likely be revamping your financial life (coming up with a spending plan/budget and working towards increasing your retirement savings AND helping your kids with college expenses) I just want to let you know - in the year you or spouse turn 5...
by LittleMaggieMae
Mon Apr 05, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy for having a high deductible?
Replies: 18
Views: 1940

Re: Am I crazy for having a high deductible?

No, I have a high deductible. I don't have the time nor wish to spend the drama on trying to get my house insurance to replace my roof for something like mild hail damage or mild wind damage. (somewhere back in the past - someone fessed up the out of pocket expenses for a roof that the "insuran...
by LittleMaggieMae
Mon Apr 05, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy for having a high deductible?
Replies: 18
Views: 1940

Re: Am I crazy for having a high deductible?

No, I have a high deductible. I don't have the time nor wish to spend the drama on trying to get my house insurance to replace my roof for something like mild hail damage or mild wind damage. (somewhere back in the past - someone fessed up the out of pocket expenses for a roof that the "insuran...
by LittleMaggieMae
Mon Apr 05, 2021 1:01 pm
Forum: Personal Investments
Topic: Can I makeup for previous low contributions? And review of new retirement plan.
Replies: 26
Views: 2207

Re: Can I makeup for previous low contributions? And review of new retirement plan.

I think it's important to determine if the High Deductible Health Plan necessary for a HSA is right for you, before jumping into a HSA. Depending on your health condition, whether you take continuing medications, etc. a regular health plan might be better. I would not necessary pick the HDHP solely...
by LittleMaggieMae
Sat Apr 03, 2021 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: 20.00 Small Potato Ethical Dilemma
Replies: 18
Views: 1986

Re: 20.00 Small Potato Ethical Dilemma

So, we're talking $140 over 7 months? Can you put this money back into your rental unit? A new nicer Microwave? Or if you were gonna replace an appliance or something - go for an "upgrade"? putting in a nicer garage door opener? Or can you do some maintenance things (like replace light fix...
by LittleMaggieMae
Fri Apr 02, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 431
Views: 53648

Re: Tales from this insane real estate market

I think there's a big difference though as to WHO is moving where. Are job creators moving in or out of CA? Texas? I don't know where to look it up but my gut tells me - as well as many discussions with regular folk - people with jobs and job creators are moving out of the high tax, no reward for h...
by LittleMaggieMae
Fri Apr 02, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 65
Views: 6028

Re: Career advice for high schooler with HFA & difficulty with math

Just because you don't do math (I don't do math) doesn't mean you can't "program" or write code - especially for business applications. Actually, excel removes needing to do math - you can do all sorts of wonderful business-y things with excel (from creating form templates to all those pie...
by LittleMaggieMae
Fri Apr 02, 2021 7:17 pm
Forum: Personal Consumer Issues
Topic: Best nonstick pans?
Replies: 65
Views: 5177

Re: Best nonstick pans?

The thing about non-stick coatings - high heat damages it over time. So, I'm not sure you should be doing stir fry in a "non-stick" pan... the repeated use of high heat will cause the pan to 'wear out' sooner.

Just pointing that out...
by LittleMaggieMae
Fri Apr 02, 2021 7:13 pm
Forum: Personal Consumer Issues
Topic: Best nonstick pans?
Replies: 65
Views: 5177

Re: Best nonstick pans?

Can you tell us what problems you are having with the pans you have? Sometimes it's not the non-stick part of the pan that's a problem. (it also sounds like some "swedish death cleaning " is in order - and it's time to send some of your pans to the "scrap metal man", recycle bin,...
by LittleMaggieMae
Thu Apr 01, 2021 5:31 pm
Forum: Personal Investments
Topic: 401K questions
Replies: 9
Views: 885

Re: 401K questions

I max out the Roth IRA each year which has no tax deduction. I have always chosen the Roth over the Traditional because I will probably be in a lower tax bracket in retirement. I am risk averse, so I want conservative investments. Do conservative investments produce high capital gains? If my income...
by LittleMaggieMae
Thu Apr 01, 2021 3:20 pm
Forum: Personal Investments
Topic: How can my father see the light?
Replies: 53
Views: 6197

Re: How can my father see the light?

I haven't read every post... but, in addition to pointing out the cons of keeping his money where it is - have you offered some suggestions for how to move the money somewhere else? And what that entails? And maybe what words to use when talking to an "advisor" at the new place? And maybe ...
by LittleMaggieMae
Thu Apr 01, 2021 2:19 pm
Forum: Personal Investments
Topic: Major Salary and Life Changes
Replies: 13
Views: 2580

Re: Major Salary and Life Changes

Since you effectively have little "Housing expense" - and since your tenant is covering the mortgage expense on your house - and since it's so early in your mortgage (paying the bulk of the interest) I'd be very tempted to prepay some on the mortgage for the next two years. It seems wrong ...
by LittleMaggieMae
Thu Apr 01, 2021 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9296

Re: Do you trust the current value of your portfolio?

I, too, have a hard time wrapping my mind around how much my investments have grown in the last 5 years. They've been growing since 2008 (when I started paying attention). So, it's not like growth doesn't happen. The thing that changed was the size of the "growth" - but then the money that...
by LittleMaggieMae
Thu Apr 01, 2021 11:37 am
Forum: Personal Investments
Topic: Two years ago, I got serious about investing for my future. Update / Advice
Replies: 19
Views: 3565

Re: Two years ago, I got serious about investing for my future. Update / Advice

OP - I'm confused by your posting. Is your net worth a negative number right now? It might be -- in my early years with a mortgage (and a car loan) I had a negative net worth. It's not uncommon. I remember the silly feeling when my net worth went positive. And then I remember the feeling when I cou...
by LittleMaggieMae
Thu Apr 01, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2848

Re: Storage Unit Rent Increase

I think using paid for storage for stuff you didn't have room for - was "trendy" for a while. I offered the use of my "space" to relatives when they were moving or just needed a place to put stuff short term. I gave them a deadline - 6 months or a year (depending on why they need...
by LittleMaggieMae
Thu Apr 01, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2848

Re: Storage Unit Rent Increase

This brings "Swedish Death Cleaning" to mind. I have a general rule of thumb before I put something in the Attic, Garage, or Basement for storage (places where things go to die). I ask myself - if this goes to the Attic/Garage/Basement for storage - and I "rediscover" it in 3 or ...
by LittleMaggieMae
Thu Apr 01, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspection Advice
Replies: 41
Views: 1339

Re: Home Inspection Advice

for the water in the crawl space - is this a "fix a crack" thing or something else? I'm not that familiar with field stone foundations (my sibling had a 1880's Victorian with a stone foundation). I know the basement got seepage after big rains. He did some sort of DIY repairs every now and...
by LittleMaggieMae
Thu Apr 01, 2021 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspection Advice
Replies: 41
Views: 1339

Re: Home Inspection Advice

Lead paint and asbestos can likely be assumed based on the age of the house and subsequent renovations - while these sound scary, in practice there is likely limited risk until you renovate as long as you don't plan to actively lick the walls or eat paint chips. Thanks for the reply the lead paint ...
by LittleMaggieMae
Thu Apr 01, 2021 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspection Advice
Replies: 41
Views: 1339

Re: Home Inspection Advice

Lead paint and asbestos can likely be assumed based on the age of the house and subsequent renovations - while these sound scary, in practice there is likely limited risk until you renovate as long as you don't plan to actively lick the walls or eat paint chips. I second this - but because you are ...
by LittleMaggieMae
Thu Apr 01, 2021 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Home Inspection Advice
Replies: 41
Views: 1339

Re: Home Inspection Advice

Is the house a "flip" or was it rehabbed in the last 10 to 15 years? That might provide some clues about the presence (or the removal) of lead paint and asbestos. There should be permits pulled for the removal/work done.