BuffaloWeather

AVERAGE MONTHLY: 77.9 DPTR FM NORMAL: 7.1 5 days left

Was going over Buffalos top 10 list and noticed the coldest month of all time was Feb 2015. Also noticed that Feb is overall a colder month then January is. (At least the top 10 list is) The coldest Feb beats the coldest January by almost 3 degrees. I found that quite shocking as average temps start to increase in last week of January on average. https://www.weather.gov/buf/BUF_top10

Welcome to 2020, where a depression might turn into a Cat 2 landfall within 24 hours. Pressure down to 976.8

The average High/low this month so far is High 87.0 Low 69.0 That is crazy!

AVERAGE MONTHLY: 78.0 DPTR FM NORMAL: 7.2 Still +1.8 above the all time record in 1921. 7 days left including today. Today-Monday look like mid-high 80s.

My good friend works at UB, wonder if you know him. He's been there a few years and really likes it.

From our very own forum on the great lakes page.

Hospitalizations are back to where they were during the worst part of the pandemic. I expect quite a few weeks of days with 1k+ deaths for August. These numbers will likely skyrocket as we get into fall/winter and schools start. https://covidtracking.com/data/charts/us-currently-hospitalized

Not sure if you guys saw this in Portland a tear gas tornado. This has to be a first.

@WNash Did you guys get your jobs through civil service exams? County or state? I've looked in border control, but you have to go to mexico border for 3 years. Those guys make insane money at the peace bridge. I couldn't do corrections and now with what's going on with police, I'd pass on that. Fireman sounds awesome but you have to live in the city now.

The clients that have pensions have the best retirement in comparison to those with 401ks. Pensions are robbery IMO. The only negative to them is being underfunded and technically it's not your money to pass on to beneficiaries. Obviously this depends on what type of pension you have. As long as you're saving 10-20% of your salary towards 401ks/IRAS you should easily have 10 times your salary at age 62 or 65 by the time we retire. Pensions through NYS corrections/police officers/teachers are INSANE. I've done the math and you would have to save up 1.5-1.8 million to get the same return in retirement that they get. They also retire in 20 years(police), 25(corrections), 30 (teacher). With everything that has been going on I'd recommend a 12 month emergency fund in an high interest rate savings account online.

Sorry I'm quite passionate about this subject as so many people that sit with me have this mentality. Here is a nice analytical demonstration of SP500 returns posted on reddit finance today. It's all about ROI, and paying off a low interest rate mortgage quicker just doesn't have it. However, there is peace of mind that comes from having a home that is paid off. That is something we learned in behavioral finance and why I said every individual and situation is different. https://imgur.com/a/rsT8fMh

This is a general guideline to follow for retirement account balances. By age 30: Have the equivalent of your starting salary saved By age 35: Have two times your salary saved By age 40: Have three times your salary saved By age 45: Have four times your salary saved By age 50: Have six times your salary saved By age 55: Have seven times your salary saved By age 60: Have eight times your salary saved By age 67: Have 10 times your salary saved

I didn't really take retirement seriously until around 30 years old. I was really dumb in my 20s. Your 20s and 30s are by far your most important years for investing. Luckily I was able to catch up quite a bit the last few years. Here is an article showing 401k balances by age. The older generation had pensions, we have 401ks. Most of our generation are not going to be able to retire and will be working well into their 60s/70s https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp Similar findings come from the Economic Policy Institute: It estimates that those aged 32 to 37 have saved around $31,644, but that figure rises substantially to around $67,720 for those aged 38 to 43. For those aged 44 to 49, average retirement savings are $81,347. Finally, those aged 50 to 55 have saved an average of $124,831.10 While these may seem like healthy amounts, all of these numbers are well below even the most conservative goals. Part of the problem, according to TransAmerica, might be a lack of financial understanding and education. Sixty-eight percent of workers believe they don’t know as much about retirement as they should. In fact, 37% of workers say they don’t know anything about asset allocation and around 22% admits to not knowing how their retirement money is invested.12 For that matter, only 20% of Americans say they know "a great deal" about Social Security, even though nearly 74% expect it to be a significant source of income when they stop working.13 https://www.cnbc.com/2019/05/23/how-much-money-americans-have-in-their-401ks-at-every-age.html

Not to mention when you contribute to your 401k its tax deferred (Unless a ROTH). Most likely your income during retirement will be far less then it is while you are working. So in the long run you get a tax deduction for this year, investment compounding interest for 30+ years, and pay less in taxes due to deferral. It's 100% incorrect to put more money onto the mortgage than into the market over the long run. It also depends on how much you trust the market. But you can develop a dividend fund earning 4-6% without capital gains. If your mortgage rate is above 5% it might start to make sense as you're essentially getting a guaranteed 5% return. However, each individual person views the market differently. My 401k the last 5 years has a return of 10.5%. Would it be better to put as much as I can in the market or towards my 2.75% mortgage? Here are the returns if you put your money into a S+P Index fund with the buy and hold strategy https://www.macrotrends.net/2488/sp500-10-year-daily-chart

Here is an article explaining it. In this instance is uses 4.5% interest as mortgage debt rate and 7% as marker return rate. It makes even more sense to invest when your rate is lower. Extra Mortgage Payments vs. Investing Assume you have a 30-year mortgage of $150,000 with a fixed 4.5% interest rate. You'll pay $123,609 in interest over the life of the loan, assuming you make only the minimum payment of $760 each month. Pay $948 a month—$188 more—and you’ll pay off the mortgage in 20 years, and you’d save $46,000 in interest. Now, let’s say you invested that extra $188 every month instead, and you averaged a 7% annual return. In 20 years, you’d have earned $51,000—$5,000 ahead of the sum you saved in interest—on the funds you contributed. Keep on depositing that monthly $188, though, for 10 more years, and you’d end up with $153,420 in earnings. So, while it may not make a huge difference over the short term, over the long term, you’ll likely come out far ahead by investing in your retirement account. https://www.investopedia.com/mortgage-or-retirement-4770977

I work in finance. The standard rate of inflation is 3% throughout history. The term is subjective. There are no prepayment penalties. You can pay on your loan towards principal at anytime. I can pay down 50k on my mortgage tomorrow if I wanted to. But does that make sense? The standard rate of return on the S&P index throughout its history is 8%. What is better a 2.75% return or an 8% return with compounding? I'm investing the maximum amount allowed towards my retirement accounts for the first time ever this year. Most people have the thinking that you do, why go for a longer term if you can do a 15 year term. A interest rate that is lower then the standard rate of inflation is called negligible debt. Everyone should be following this method.

I met with the chemo doctor a few weeks ago and he knew nothing about what my moms treatment was last year. It was as if he looked at an MRI a minute before walking into the office. He actually asked her what chemo treatment she had last year, like my mom is going to remember that... Not to mention them saying in August of 2019 that there is less than a 2% chance of the cancer coming back. Here we are in June 2020 and now the cancer is back worse then ever and never going away. It's stage 4 nasopharyngeal cancer. They developed a new treatment plan a few weeks ago. She received chemo a few weeks and today was a scheduled follow up, now 3 days ago a random extra chemo session was added to her schedule and portal online today. There is no communication or unity between the departments.

Has anyone else here had any bad experiences with Roswell? My moms cancer is back and I think they're doing a terrible job with her. Any other places to go around the area?

Everyone go refinance your mortgage. Just got 30 years at 2.75%.

Yeah, they can have snow all 12 months. They have some of the craziest weather on the entire planet.

I don't know how you move so much wolf, it's so much work to move. But I knew you wouldn't move to somewhere that averages less then 75" a year. You love snow more than anyone on here, no way that is ever happening. Your girl may want to, but it aint happening.

Looks like there is a hike to hit up all of them. Look at that elevation change. That is not an easy hike. https://www.alltrails.com/trail/us/new-hampshire/presidential-traverse-trail

After the 46 dacks I want to do the presidential ones in New Hampshire and then a few in Maine. Would love to do the 14 in Colorado, but tough to get out there enough. It's nice being within driving distance of some awesome mountains. Can make a weekend trip out of it, instead of a week trip. Here are the president peaks MountainElevation Mount Adams 5,774' Mount Clay 5,533' Mount Eisenhower 4,780' Mount Franklin 5,003' Mount Jackson 4,052' Mount Jefferson 5,712' Mount Madison 5,367' Mount Monroe 5,384' Mount Pierce 4,310' Mount Quincy Adams 5,774' Mount Sam Adams 5,774' Mount Washington 6,288' Mount Webster 3,911'