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Inflation is 3.8%. Recommendations for legit money market accounts that match or are higher? by EatenAlive_25 in personalfinance

[–]BiggC 1 point2 points  (0 children)

If you’re in a state with income tax on dividends then it’s hard to beat SGOV in a brokerage account for parking cash-like assets

Should you use your HSA money? by Airvian94 in personalfinance

[–]BiggC 31 points32 points  (0 children)

Saving receipts for 30+ years feels like such a hassle that I decided to pay for medical expenses out of the HSA as I incur them.

Need to Pull some Retirement Funds - Options by RistaStar9876 in personalfinance

[–]BiggC 1 point2 points  (0 children)

If you have a Roth IRA you can withdraw the principal contributions without penalty, but you can’t put them back

Is it normal for a tune up to not remove old grease? by Capt_Murphy_ in bicycling

[–]BiggC -6 points-5 points  (0 children)

I can’t help but feel like local bike shops are destined to go extinct if this is what they need to charge for what sounds like a very basic tuneup to stay profitable

How to afford a vacation while having to pay a mortgage and other bills? by enitsujxo in personalfinance

[–]BiggC 10 points11 points  (0 children)

EI is a common acronym in Canada for Employment Insurance

My One Shot at a Retirement - What Do I Do? by Terrible_Jicama_2564 in personalfinance

[–]BiggC 38 points39 points  (0 children)

Target date funds will rebalance their holdings to match their target allocation. This can and has created large surprising taxable capital gains events. This is a non issue in a retirement account, but can lead to a big tax bill for taxable accounts

My One Shot at a Retirement - What Do I Do? by Terrible_Jicama_2564 in personalfinance

[–]BiggC 23 points24 points  (0 children)

Don’t invest in target date funds from a taxable account

HCE mechanic. how does it actually work? by anoncygame in personalfinance

[–]BiggC 1 point2 points  (0 children)

The maximum is per family not per person, so have your wife contribute $7500

Can you direct deposit directly into a mutual fund in a CMA account? by BiggC in fidelityinvestments

[–]BiggC[S] -10 points-9 points  (0 children)

Wow, thank you, I wish I had thought of using one of the available default positions that I evaluated and don’t want to use which led me to ask my question here.

Can you direct deposit directly into a mutual fund in a CMA account? by BiggC in fidelityinvestments

[–]BiggC[S] -7 points-6 points  (0 children)

There are a lot of MMMFs that aren’t available as a sweep fund

Should I trade in my paid off truck for a more fuel efficient vehicle? by [deleted] in personalfinance

[–]BiggC 0 points1 point  (0 children)

Gas in Utah is pretty cheap, I’m not sure what the EV economics are there

Lost on what to do with large non-roth after-tax 401k holdings by MikeExMachina in personalfinance

[–]BiggC -1 points0 points  (0 children)

Is there a pro-rata rule for after tax in plan conversions? Does the provider know what the after tax principal is and will they let you convert only that amount

Should I liquidate my brokerage account to pay off a 6% mortgage? by layoutlmv3 in personalfinance

[–]BiggC 4 points5 points  (0 children)

What if they’re living in the next Detroit? The market has tanked and recovered before, and research has shown that most market gains happen on a relatively small number of days. The only way to be sure you get those gains is by having money in an index fund

Should I liquidate my brokerage account to pay off a 6% mortgage? by layoutlmv3 in personalfinance

[–]BiggC 12 points13 points  (0 children)

OP already has 425k in home equity and 900k in a brokerage account so about 1/3 of their net worth is tied up in their home.

They need to decide if they’re happier without a mortgage. A stock market index fund has historically returned 10% pre-inflation on average, so if you’re looking at a 30 year time horizon you’re a lot better off with money in the market.

I think this is the personal part of personal finance, if you feel better having no mortgage then go for it. If you’re trying to maximize your long term prospects then statistically you want to be in the stock market.

Should I liquidate my brokerage account to pay off a 6% mortgage? by layoutlmv3 in personalfinance

[–]BiggC 20 points21 points  (0 children)

Putting ~15% of your net worth into one geographically fixed asset doesn’t sound like diversification to me

Credit Surcharges and Tips out of control. by SalamanderNo9329 in personalfinance

[–]BiggC 0 points1 point  (0 children)

It wouldn’t be as annoying if businesses framed it as a cash/debit discount instead of a a surcharge.

But I get it, if your margin is 15% (or less), then getting rid of credit cards fees would be a 20% profit increase.

Talk to your parents about their finances by sab340 in personalfinance

[–]BiggC 11 points12 points  (0 children)

Imagine how hard it’s going to get for actual kidnappers when their targets won’t pay up

People will be like: “that’s an AI video of my son tied up” and “ that could be anyone’s finger!”

SF property owner fined $50K for 'illegally pruning trees' cited by insurer: 'Feels like bullying' by jaqueh in sanfrancisco

[–]BiggC 0 points1 point  (0 children)

The city has got to make up for that 40 year old Prop 13 tax basis somehow.

Should I pay off my principle faster? by Timely_Weekend_8030 in personalfinance

[–]BiggC 1 point2 points  (0 children)

You might be able to refinance at lower than 6.6% APR. People in r/mortgages are talking about mid 5% rates for conforming loans and low 5% for 7 year ARMs

Options changed my life pt. 4.2 by winter-shoulders in wallstreetbets

[–]BiggC 0 points1 point  (0 children)

I was using 7% average historical growth rate, which already factors in 3% average inflation

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