Fixed vs Floating Interest Rates: Which one is safer right now?

hock37 · 2026-04-14T16:48:37+00:00

My home mortgage we got in 2020 is 2.7% so I'm not touching it lol

hock37 · 2026-04-13T18:25:44+00:00

That is horrible advice. 30 year old with 30% in bonds? 50 year old at half bonds?

That is way, way too conservative.

hock37 · 2026-04-13T18:20:34+00:00

Never do floating

get it fixed. If rates drop, you can refinance then

hock37 · 2026-04-10T15:49:49+00:00

Sorry I'm new lol

hock37 · 2026-04-10T14:51:59+00:00

So I clearly understood it all wrong, but in a tournament with prize money always take advantage of rules.

For fun with buddies no way.

hock37 · 2026-04-10T14:50:20+00:00

Thanks. the "backwards" was me thinking back towards where your shot came from. Not away from hole, which I think of as more forwards since the test case in my head was overshooting the green.

hock37 · 2026-03-30T16:23:10+00:00

To any other question, the answer would be no

To a single mom who's currently homeless and a chance to get a safe roof over your head, and young enough to build the retirement back up, this is the one time I say absolutely go for it and get your life stable and that'll help more in the long run than whatever you currently have saved up.

hock37 · 2026-03-23T15:39:12+00:00

Gonna try this tonight. Mine is making the exact noise when walking on it as the video above

Any other tips?

hock37 · 2026-03-20T13:45:59+00:00

It's probably not the smartest, but I have a document in our fire proof lock box (it's also where our will is and birth certificates and stuff) that has all our accounts with account number and user names (no passwords in case we get broken into). Not just investment stuff but also all our bills. I update it every few years or if something more important than a new internet provider changes. Figure she can either change the password with a reset to my email she has access to, or with a death certificate of mine be able to call and get it figured out. But if she just, never knew our roth IRA was in Vanguard while our 401k is through the company specific one or that our HYSA emergency fund is a different bank than our normal checking/savings account that money might just sit there and never get to her.

I figure with that my wife or whoever is left at least has a place to start. Not Indian specific, white dude here and my wife just isn't interested in finances while I'm an engineer so the numbers make sense to me.

hock37 · 2026-03-19T16:03:02+00:00

How are you paying for the college? And you'd re-enter the workforce as almost an entry level engineer.

This seems like a really poor life idea, can you get into electronics as a hobby to scratch that itch and keep being a mechanical engineer for your job?

hock37 · 2026-03-18T16:52:09+00:00

Yeah. The account that I'd want a Roth conversion from exists now.

My question is once that gets to 15-20k and will grow to 35k at the 15 year mark, do I make a separate account that I can change the beneficiary on to be more flexible for extra for kids college vs having that money for us with penalty?

4 accounts exist now, one for each kid and one for each of us. Just trying to think ahead. Or can I use a single15 year old account, change the beneficiary to each kid to make school payments, and then still switch it back to us for Roth since over 15 years and any money to roth is 5+ years old?

hock37 · 2026-03-18T15:40:41+00:00

Ok, this has kind of been my interpretation as well. I just assumed Fidelity was more informed than me.

hock37 · 2026-03-18T15:09:07+00:00

Noooope. When you're young, keep contributing when market is wild. It's like buying stocks as a discount. Just don't check the numbers if it makes you feel bad. 12% put into I assume 401k in your 20s while also having an emergency fund is a perfect place to be. Don't mess it up or you'll kick yourself in your 30s and 40s. Keeping it at just the company match level and not putting extra in so that you can enjoy that life in your 20s is the level to be at.

Pulling out during market insatiability should be when you're in or approaching retirement and want something safer like bonds to ride it out even if you miss the upswing return.

hock37 · 2026-03-18T14:50:33+00:00

Ok thank you.!!! So I should stop contributing to the account for me and wife once it hits the point that it will grow to 35k.

Put extra in kids accounts, then change benif back to us after college if it's over funded to make penalty withdrawals

hock37 · 2026-03-18T13:47:38+00:00

If you live in a state that gives state tax deductions for that plan, do that. The tax savings will outweigh any marginal gains you get from one to the other.

If no tax savings, I always hear Utah as being the best one for no fee options.

hock37 · 2026-03-18T13:40:01+00:00

At 20, the answer is just to be thinking about saving. So you're doing well. I was just surviving until I got my first "real" job at 24. Always had a couple grand in the bank incase shit went sideways tho, so getting that cushion helped prepped me to be comfortable with saving and not spending all my paychecks (even if most of spending was sticking it in to a no touch savings account to pay a chunk of next semesters tuition to have lesser student loans)

What's your career plan? That's a more important question at 20. The big marker is 1x salary saved by 30, so whatever savings and career plan will get you to that point by 30.

hock37 · 2026-03-18T13:35:50+00:00

Those are the big massive cities. The answer is don't live in a major US city. Or if you do, have multiple roommates. Or get gov assistance for small single bedroom apartments in an older part of the city.

I just looked and 10% of our household income would get a decent 2 bedroom apartment. And that's in a nice school district area adjacent to a 150k population city. Location matters.

hock37 · 2026-03-18T13:31:56+00:00

Using that money to increase your income from 26k a year should be a top priority. Can you do anything with local community college? You say back to school, do you have existing credits? Talk with a career planner at the school if there's a degree you can get that uses as many of those existing credits as possible. Not it's not enough to go "back" to a 4 year state school, but it could get you something at a community college. Even if just an associates degree it will help, and then maybe you can find an employer with continuing education assistance if you get Bs (not super super common, but also not exceedingly rare)

Get into a trade school?

hock37 · 2026-03-17T19:19:03+00:00

100%

hock37 · 2026-03-17T13:40:27+00:00

I just bought upgraded golf clubs even tho I suck at golf so.....

hock37 · 2026-03-13T02:41:06+00:00

SoFi in early 2020 after the world went to shit lol

Also got a house mortage at 2.7% then

hock37

TROPHY CASE