SpartanHiker

27 Contributions 83 People Helped Top Contributor

Member Since: October 2014

About Me: Retired Army Officer (~28 years) who also finished a Spartan TRIFECTA in 2016.
Huuah!

Most Helpful Contribution

Credit Karma score compared to FICO score. If my CK score is 730 what would my FICO score be?

Oct 06, 2017
Aloha, VANTAGE Scores are a good PROXY
Helpful to 38 out of 43 people

Aloha Folks,

VANTAGE Scores are helpful tools, but you have to 'take them with a grain of salt'. YES, it's not the same score as your FICO score, but it's close enough to be helpful for the majority of folks out there looking to keep score with their credit score. I see some folks here complain, and other folks here praise this helpful tool. The bottom-line truth is, if your VANTAGE score is going down over time, your FICO score will be hurting too, but if your VANTAGE score is going up over time, you can believe that your FICO score is too. That's what the Vantage score is good for, as a PROXY to your real scores to help you keep tabs on how you're doing. If you're that concerned about accuracy, then it might be worth it to sign up for EXPERIAN's credit monitoring services to see what your actual FICO scores look like.

As for me, I find that my VANTAGE score and my FICO score are very close most times, and not that far apart. So for me at least, getting a FREE VANTAGE score is a good deal.

Take care and stay awesome folks.

Activity (27 Total Contributions)

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best savings account

Sep 15, 2017
Aloha Friends, I second that thought.
Helpful to 12 out of 12 people

Aloha Friends, I second that thought. A credit union is often a much better and competitive place. I've been a CU member for almost 20 years and for a little while I was even a member of their committee, and it surprised me how much better their car loan, savings, checking, etc. etc. was compared to my local commercial banks. The credit unions are concerned with taking care of their members, as opposed to a commercial bank which is concerned with making a profit. Last tip I'll leave here is that a credit union staff or manager is more accessible than a banks, if you have unique issues, you can sit down with your credit union staff or manager and talk one on one to get their advice or even help. I've never chatted with my regular commercial banks managers, but I chat with my credit union manager all the time and we're on a first name basis.

So this is just my humble 2 cents, and of course your mileage may vary. 

Take care and good luck!

Retirement Planning Software

Dec 07, 2017
Aloha Friend, I strongly recommend this
Helpful to 10 out of 10 people

Aloha Friend, I strongly recommend this tool that sfbrown suggested. The retirement calculator on market watch .com is AWESOME. If you are a visual person, it takes your normally boring spreadsheet and puts every thing into easy to see graphs. What I like about their method is that it becomes child's play to tease out and see what the relationships are between the various factors that come into play in retirement, such as investments, pensions, Social Security and so on. You can see what happens if you decide to draw SS as soon as you're eligible, or if you wait to 65, or if you wait till 67 for full benefits for example. I even wanted to see what happened if I drew my SS when I hit 62 and if my wife waited till 67 for her full benefits. You can very easily play around these scenarios to see exactly what happens to your bottom line. An amazing tool considering it's 100% free. Please take it from me, free is a heaven sent gift in this case.

As always, take care, and stay awesome folks!

:)

v/r,

SpartanHiker

Credit Karma score compared to FICO score. If my CK score is 730 what would my FICO score be?

Oct 06, 2017
Aloha, VANTAGE Scores are a good PROXY
Helpful to 38 out of 43 people

Aloha Folks,

VANTAGE Scores are helpful tools, but you have to 'take them with a grain of salt'. YES, it's not the same score as your FICO score, but it's close enough to be helpful for the majority of folks out there looking to keep score with their credit score. I see some folks here complain, and other folks here praise this helpful tool. The bottom-line truth is, if your VANTAGE score is going down over time, your FICO score will be hurting too, but if your VANTAGE score is going up over time, you can believe that your FICO score is too. That's what the Vantage score is good for, as a PROXY to your real scores to help you keep tabs on how you're doing. If you're that concerned about accuracy, then it might be worth it to sign up for EXPERIAN's credit monitoring services to see what your actual FICO scores look like.

As for me, I find that my VANTAGE score and my FICO score are very close most times, and not that far apart. So for me at least, getting a FREE VANTAGE score is a good deal.

Take care and stay awesome folks.

Should we buy an annuity

Dec 07, 2017
Aloha Montana1980, call Dave Ramsey
Helpful to 8 out of 10 people

Aloha Montana1980, call Dave Ramsey for vindication on this one. If you're looking for a tie-breaker between you, your spouse, and your old and new financial planners, go and call Dave Ramsey's free hotline and ask on the air. He'll give you a good solid and sound financial answer which I suspect will have nothing to do with annuities and CD's. Think index mutual funds and money market mutual funds. If not, you can also give his book a read, I borrowed my copy from my local library before upgrading to a used copy that I bought for next to nothing off of Amazon books. Take care and God bless.

v/r,

SpartanHiker

Retirement Planning Software

Dec 07, 2017
Helpful to 2 out of 2 people

Aloha sfbrown,

     Good morning. Holy smokes, that was an awesome tip! I went online and plugged in some numbers. I then took it for a drive around the block and to kick the tires in a bit. What an awesome tool, and 100% free to boot. I will definitely be using their retirement calculator as one of my weekly planning tools, that's how impressed I am by it. I have you to thank for it, so THANK YOU good sir. Your awesomeness is greatly appreciated.

:)

v/r,

SpartanHiker

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