lynxcat

re: Student Loans

Posted by lynxcat on 4/22/24 at 6:46 am

[quote]My daughter is graduating in May 2024 should I take money from my 401k to pay off her student loans ~ 50k? We have been paying on it but the interest rate on her loan is about 8%. Im no financial guy but my wife and I have worked hard the past 30 years and we don’t won’t to keep paying these ...

re: Scheffler is not human right now.

Posted by lynxcat on 4/21/24 at 2:36 pm

His values as a person make me more interested in the game. I actually find the sport more entertaining now than ever before. ...

More Sports

re: Can high speed rail work in the United States?

Posted by lynxcat on 4/15/24 at 9:12 pm

Generic high speed rail across the US doesn’t make any sense. However, the Texas Triangle, CA coast, and NE covers massive population centers. The idea of HSR connecting Dallas-Houston-Austin and even San Antonio where I could jump on in early afternoon and do a day trip or dinner and jump back o...

re: Can high speed rail work in the United States?

Posted by lynxcat on 4/15/24 at 9:05 pm

[quote]I’ve traveled from Houma to Hammond a bunch recently.[/quote] Small town mentality isn’t the application of rail systems in the US that would be beneficial. Your independence comment, while accurate on a relative basis, is not going to be justifiable rational for people willing to take the...

re: Spinoff from the budget app thread. How do you handle accounts and payments with SO?

Posted by lynxcat on 4/13/24 at 12:20 pm

Our threshold is generally $500 discretionary. If I go to Costco and it’s $500, then so be it. Neither of us spend much outside of necessities so it’s rarely an issue. ...

re: Replacing Mint budgeting. Need recs

Posted by lynxcat on 4/13/24 at 10:56 am

Send a message to their actual customer support. I’ve found them to be quick in replying. ...

re: Spinoff from the budget app thread. How do you handle accounts and payments with SO?

Posted by lynxcat on 4/13/24 at 7:43 am

We have everything consolidated. It all flows in and out of single checking out where all CCs auto draft. ...

re: Boeing?

Posted by lynxcat on 4/12/24 at 1:09 pm

Blood in the streets…as good as a time as any for a long term hold. Boeing isn’t going anywhere. ...

re: Why Do People Hate "The Rich" So Much?

Posted by lynxcat on 4/12/24 at 7:32 am

One word: Envy. ...

re: AMEX HYSA - 4/9/24 just dropped for first time from 4.35% to 4.3%

Posted by lynxcat on 4/10/24 at 8:39 pm

Marcus reduced 0.10% a few weeks ago. ...

re: How many of you get a big tax refund check?

Posted by lynxcat on 4/7/24 at 10:31 pm

Dividends and interest account drive the gap for us. Guess we will need to bump up withholding to account for D&I not having any. ...

re: How many of you get a big tax refund check?

Posted by lynxcat on 4/7/24 at 8:58 pm

And.......owe $7700 :moon: ...

re: Bama offering full ride. . .vs paying more to go to a better school

Posted by lynxcat on 4/4/24 at 8:49 pm

This will all change 4+ times between now and whatever he actually graduates in. ...

re: Goal for retirement savings as a ratio of salary

Posted by lynxcat on 4/3/24 at 9:56 pm

Explain your logic to forgoing the match if the contributions are maxed ahead of year end. ...

re: Did y'all catch Dave Ramsey rip George Kamel apart over withdrawing 4% from retirement?

Posted by lynxcat on 4/3/24 at 9:47 pm

Ramsey loses me every time he says “a good growth stock mutual fund” and then proceeds to talk about how easy it is tho get double digit returns every year. Yet, he refuses to say exactly what magical fund. Also, when he talks about real estate investing and plays up the “I have $600M real estat...

re: Goal for retirement savings as a ratio of salary

Posted by lynxcat on 4/2/24 at 11:08 pm

Salary ratio is a really silly metric to even consider using. It deduces some expected amount of spending based on income level to back into an estimate…just a poor way to evaluate an important decision. ...

re: Bama offering full ride. . .vs paying more to go to a better school

Posted by lynxcat on 4/2/24 at 11:06 pm

Eh, I think there is a lot more to the college experience than just getting the piece of paper at the end. Motivated, smart people that apply themselves in fields that pay a decent wage are going to be fine financially (debt or no debt). I’m generally in the camp of go to the best possible schoo...

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re: Bama offering full ride. . .vs paying more to go to a better school

Posted by lynxcat on 4/2/24 at 8:01 pm

Be more specific on said better school. ...

re: $500K

Posted by lynxcat on 3/30/24 at 5:46 pm

Follow financial order of operations. Company 401K match (not from the 500K but from cash flow) Emergency fund (use from 500K) HSA max (separate cash flow) Roth IRA (use from 500K) Pay off high interest debt (use from 500K) Max 401K (separate cash flow) DCA in taxable brokerage remaining 5...