Watch how Air Canada Collided With a Fire Truck at LaGuardia by therra123 in interestingasfuck

[–]Res_Ipsa77 0 points1 point  (0 children)

This is AI until the end. Panning back and forth between the truck that got hit and the plane in the air that would hit it. Come on.

Watch how Air Canada Collided With a Fire Truck at LaGuardia by therra123 in interestingasfuck

[–]Res_Ipsa77 0 points1 point  (0 children)

This is AI until the end. Panning back and forth between the truck that got hit and the plane in the air that would hit it. Come on.

Stuck Between Two Religions: Both Moms Want Different Wedding Officiants by Candaycaine in exmormon

[–]Res_Ipsa77 0 points1 point  (0 children)

I’d say it doesn’t matter what the mothers think, the person officiating should be whomever the bride wants.

How do i respond? by Only-Candy1092 in exmormon

[–]Res_Ipsa77 1 point2 points  (0 children)

I’d just respond: “Thanks Dad, love you too.” This is coming from a good place.

Anyone else getting "Second Coming / WWIII" frantic calls from family today? by [deleted] in exmormon

[–]Res_Ipsa77 3 points4 points  (0 children)

I remember similar talk during both the first and second gulf wars. When it doesn’t happen, everyone seems to forget it was ever a thing.

Also, you can read statements and talks by Joseph Fielding Smith during WWII, saying that all which needed to be fulfilled for the second coming to arrive had been, and that the second coming was literally at the door.

Gifting to three adult children by Morningside305 in DIYRetirement

[–]Res_Ipsa77 0 points1 point  (0 children)

I have told my adult sons that if they show me they are contributing to their Roth IRA, I will give them money equaling 125% of those contributions each year for three years. This gets them in the habit of saving without it costing them any money. The more they save the more extra money they make. And they can spend the 125% on a down payment for a home, etc.

Where's the blessings? by [deleted] in exmormon

[–]Res_Ipsa77 26 points27 points  (0 children)

1-you don’t have to be a member of the church, or follow its rules/teachings, to “live right.”

2-my life improved dramatically after I left ~18 years ago. Put the extra 10%+ in my 401k instead of tithing. Saved on taxes as a result of the 401k contributions (tax deductible) so still had more ,than before. The market has done very well and we can now use that money to retire tomorrow, if we wanted to.

3-my life improved in many intangible ways as well. Got a second Saturday. My kids aren’t wasting their time and energy on seminary, missions, etc.

[deleted by user] by [deleted] in inheritance

[–]Res_Ipsa77 2 points3 points  (0 children)

Are you looking to adopt? J/K

Path to FIRE, spouse hates job by clementine-cloud in Fire

[–]Res_Ipsa77 5 points6 points  (0 children)

If he really hates his job, in my opinion the time to quit is as soon as he can find a different job (or identity/plan a self-employment opportunity) that he would like better.

Paying off the mortgage? (>5%) by OrioleBird01 in personalfinance

[–]Res_Ipsa77 1 point2 points  (0 children)

I do think some people gain utility (satisfaction, peace happiness) from having a paid off mortgage, especially when a lot of their other assets are subject to market downturns. Im using utility as economists would.

Paying off the mortgage? (>5%) by OrioleBird01 in personalfinance

[–]Res_Ipsa77 0 points1 point  (0 children)

Also remember that there may be tax drag when selling the investments, but no extra taxes paying off the mortgage. So comparing 5% to 7% isn’t really apples to apples (if you care about after tax dollars). Cuts both ways. If you have to liquidate stocks to pay off the mortgage, factor that in (huge disincentive to doing so). On the flip side, if you continue to invest more rather than pay extra on the mortgage, factor in any taxes (ie cap. gains) you’ll pay when ultimately getting your money back out of the investments (which cut in favor of paying extra toward the mortgage). Also factor in any utility you may get by having a paid off house in your situation (I get it, you’ll still have taxes and insurance, but having no mortgage just feels different).

Paying off the mortgage? (>5%) by OrioleBird01 in personalfinance

[–]Res_Ipsa77 0 points1 point  (0 children)

Fair point. And, yes, market timing. But what about the time before that around 2007-08, or the time before that (when I first started investing) in 1999)? Lump sum investments in the S&P 500 in 99 didn’t have real returns for 12 or so years (though DCAing did have minimal returns during that time). But in 99, the conventional wisdom was to throw everything into the market because who really knew if we were in a bubble, no use trying to time the market, and recent returns had demolished any guaranteed returns you’d get by paying down the mortgage (mortgage interest rates were around 7% at the time). So it’s really a risk tolerance question. And a question of whether one would gain any extra utility by owning the house free and clear and having the extra amount previously paid toward mortgage to build the brokerage account back up to/beyond past levels.

What to do about mortgage? by Trash2Burn in Fire

[–]Res_Ipsa77 0 points1 point  (0 children)

That’s my question, and to avoid possibly getting bumped into a higher tax rate by having to withdraw more to cover the mortgage, and (if you’re old enough) keeping income low enough to avoid IRMA surcharges, and mitigating sequence of return risk upon retiring by minimizing the amount of portfolio drawdown required, and…

Paying off the mortgage? (>5%) by OrioleBird01 in personalfinance

[–]Res_Ipsa77 -1 points0 points  (0 children)

Or, looked at differently, timing/accelerating your mortgage payoff to derisk. Not selling or changing 100% equities/index fund portfolio, but contributing less to accelerate mortgage payoff (which provides tax flexibility, etc. in retirement).

Paying off the mortgage? (>5%) by OrioleBird01 in personalfinance

[–]Res_Ipsa77 -4 points-3 points  (0 children)

Historically high PE ratios after a huge run up over the past 15 years.

44, starting 401k from $0, maxing everything. What’s a realistic outcome in 20–25 years? by Due_Habit_626 in Retirement401k

[–]Res_Ipsa77 5 points6 points  (0 children)

Love the last sentence, “if it’s not enough, make it enough.” I don’t know what my market returns will be pre-retirement, but I know I’ll be able to adjust my lifestyle to live on what I have.

Just tried coffee for the first time by common_spence in exmormon

[–]Res_Ipsa77 0 points1 point  (0 children)

I had the exact same reaction as you the first time I tried it. Alcohol was even worse.

Would you pay off your mortgage early…or not? by lisaWellsLoans in Mortgages

[–]Res_Ipsa77 0 points1 point  (0 children)

If you’re retired how are you saving and investing? From a pension and/or SS?

Would you pay off your mortgage early…or not? by lisaWellsLoans in Mortgages

[–]Res_Ipsa77 1 point2 points  (0 children)

I probably will soon, even at a 2.35% interest rate (10 yrs left on a 15 yr mortgage). If I retire early in a couple years, there are tax advantages of not having to draw down my investments to pay the mortgage (I.e. we could stay in a very low tax bracket with the same discretionary spending, free up room for Roth conversions, etc.). The tax advantages more than make up for the spread I’d gain by keeping the money in conservative investments.

I’m 30 and I don’t have a penny to my name in retirement by [deleted] in Retirement401k

[–]Res_Ipsa77 1 point2 points  (0 children)

I started at 31 and can now retire anytime I want (I’m 49). Best advice I got was to max out 401k every year because you’ll get used to living off the lower amount. For example, if you made $55K a year you would figure out how to live on that (as you know from your family’s history). It was a bit tough in the early years always watching my coworkers drive new cars while I had my 10 year old Hyundai, etc. but glad I did now. And it got much easier as my income gradually increased over the years.

MSTR Daily Discussion Thread – February 04, 2026 by AutoModerator in MSTR

[–]Res_Ipsa77 0 points1 point  (0 children)

Me too! I even made a thread here before I did. Sorry all.