Recent content by startingover

I am a 33 year old single male with no dependents that currently makes about $100k a year. I have full benefits, including a matching 401k up to 6%. Recently, my employer introduced a 401k that included a ROTH 401K option. As a point of reference, I have $115k in a “traditional” 401k. I...

Good points you make about what I wouldn't get. See my post below -- any thoughts on ING?

I'm saying I'm seeking a "place" that will allow for me to hold a limited amount of money - say $2,000. I use that to pay bills and that's it. So, I don't care about car/house loan rates. I don't have a car loan and my mortgage rate is very low, so I'm not even considering refinancing. Put...

Thanks for the input everyone. I've learned the overdraft protection is a real scam anyway. Unless it's linked to a bank account with the same institution, it won't matter. Even then, there is a smaller fee to accomplish the transfer. I haven't had an overdraft in 25 years, so I'm not going...

I thought you had to be "something special" to use a credit union. Perhaps I am wrong?

I need a new bank to handle my checking account. I'd like one with no fee and that provides overdraft protection for free. Access to ATM's for free is also a must and I don't want to pay a fee for the luxury of them holding my money. I will use direct deposit and I don't care about the...

I don't think so. I'd have no equity and be flushing my money down the toilet by renting. Basically, I have the ability to pay interest only for 5 years. I still pay property taxes, obviously, but I also have them to write off. The only way I feel it could harm me is if the value of the...

The deal on the house is that there is a decent spread b/t what I owe and what it would/should sell for. Further, I feel strongly that it's at the bottom end of the value - put another way, it's certainly not at the peak!;D Even if it sells for 10% less, I stand to make money. Because I don't...

Mine sounds very similar; no kids, and what I had fit in the back of a 12' Uhaul truck. It was also very straight forward, we spent around $500 to have the divorce "processed." Yes, financially, I feel fortunate. I agree with the car, too. I could raise another $15k, yes. In the grand...

I think this is very well put. It doesn't make sense on paper, but the enjoyment it brings sure it clear as day to me. I suppose we all have a splurge here and there...

I am not selling the car. It's paid for, is 10 years old, has 9,000 miles on it and is driven very rarely. While I see what you would be getting at, it's a toy I earned, paid for and costs me nothing more than two tanks a gas a year and the insurance. If it were other than that, it would be...

Easy there - I'm 33, not 37! :) Haha! Thanks for the input here, it's very helpful!

I would likely consider it, yes. I wouldn't move if I can't sell it for $167k; however, the values in my area are depressed at $230k. While possible, I don't see them to go down a lot more in the next few years. The divorce is not something either of us really wanted in life, but we knew it...

33 years old, recently divorced and here's my deal... Residing in Northeast Ohio, I plan to move South to the Carolinas in the next few years. I own a home that's current value is $230,000. I have a note on it for $167,000 that I am paying interest only on. Suffice it to say that, if sold...