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Re: HELOC to pay off student loans?

Ok, then back to my first post to the OP in this one.... go for it. :D
by Twins Fan
Sat Apr 19, 2014 8:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 13
Views: 500

Re: HELOC to pay off student loans?

Yeah, but that's not how it would go. The student loans I doubt are on a 2 year term, so the monthly payment is likely $400 - 500/month and they would be throwing an extra $2k month at it. This is a set monthly payment and set extra to throw at it aggressively deal. Same for the HELOC... what would ...
by Twins Fan
Sat Apr 19, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 13
Views: 500

Re: HELOC to pay off student loans?

Why is the $xxxx/month different for each interest rate there? Earlier the OP had said something about knocking out the HELOC in 2 years. That's what I was thinking of... I see that's been changed now. :oops: So, if OP was to throw say $2500/month at the current loan 6.55% or the HELOC 2.24% for 2 y...
by Twins Fan
Sat Apr 19, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 13
Views: 500

Re: Help looking for ways to get to 50-50

I'm sure they would take her money for the fund. :D

It simply means it's managed tax efficiently for taxable accounts. No worries about wealth level or being rich and famous.
by Twins Fan
Sat Apr 19, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 18
Views: 1077

Re: paydown strategy for mortgage

I don't see any risk. Looks like you guys are sitting pretty either way. You should have PLENTY saved later on! If you both are debt averse,... get rid of the debt/mortgage and smooth sailing after that. :sharebeer
by Twins Fan
Sat Apr 19, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 20
Views: 929

Re: HELOC to pay off student loans?

To jump in for sigh here, the $12k car deal is a lease buyout of a car they already have and want to own. He had another thread on that one. If the plan is to really aggressively pay down the student loan, doing the HELOC deal may not save all that much in total interest. I don't really know how to ...
by Twins Fan
Sat Apr 19, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 13
Views: 500

Re: HELOC to pay off student loans?

That looks like a pretty good plan. I'm not familiar with HELOCs, so I don't know if there's fees involved. But, that's quite a drop in interest rate and would be tough to pass up. Of course, if you do that many will say with the low interest rate, not to pay off the HELOC early and invest instead. ...
by Twins Fan
Sat Apr 19, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 13
Views: 500

Re: Need help, planning on making my first ever investment s

Welcome, and good job getting started so young! Most of us would say not to invest money you need within 5 years. When you need the money it could be just the wrong time, the market could be down that year, and with 80% equities in that fund you could be selling at quite a loss. Better/safer just to...
by Twins Fan
Sat Apr 19, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help, planning on making my first ever investment soon.
Replies: 6
Views: 325

Re: Help looking for ways to get to 50-50

So that leaves $200K in Target 2015 (all deferred) and $100K in cash to invest. Just to be clear - her original idea was to get the $150,000 (or now $100K) working for her. Even a 1% money market who be better than the 0% bank. Would you generally be ok with moving up to Target 2025 for all tax def...
by Twins Fan
Sat Apr 19, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 18
Views: 1077

Re: Lock now or hope rates inch downward?

Hope in one hand and you know what in the other. See which fills up first. :D

I doubt they will move significantly one way or the other in the next couple weeks. Lock it in.
by Twins Fan
Fri Apr 18, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lock now or hope rates inch downward?
Replies: 5
Views: 633

Re: *poor* Bogleheads

I find it annoying when someone who is financially fortunate, like a west coast tech person in his 20s raking in millions in another thread, attributes it to "hard work," as though bus drivers and construction workers aren't working their butts off, but ignorance and lack of empathy are c...
by Twins Fan
Fri Apr 18, 2014 3:30 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5183

Re: Trying to clean up personal finance

Thoughts are since all loans either 6.8% (federal) and 7% (private) it would be wiser to put more into retirement than loans. Do you know of a guaranteed 6.8% or 7% return out there? Do tell, we would love to know! :D I agree with others that a good start to the clean up would be getting rid of the...
by Twins Fan
Fri Apr 18, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to clean up personal finance
Replies: 16
Views: 1296

Re: *poor* Bogleheads

I do recall sometime last year someone posted a thread asking how to stop living check to check. I figured I might be able to offer some advice there, so I opened up the thread. Well, that poster had two high paying jobs between the spouses, a nice home that they threw extra toward the mortgage each...
by Twins Fan
Fri Apr 18, 2014 2:21 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5183

Re: *poor* Bogleheads

I try to mimic myself after the person(s) that achieved success in the area I want. Bogleheads are that group for me financially. THIS!! ^^^ Nebraska, I am also far from *rich*. But, I am so glad to have found Bogleheads! The boglehead style totally fits my personality/mindset/whatever the word I'm...
by Twins Fan
Fri Apr 18, 2014 2:13 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5183

Re: 401k: Target Date or Do-it-myself

Looks good to me... and sounds like a good plan. :beer
by Twins Fan
Thu Apr 17, 2014 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k: Target Date or Do-it-myself
Replies: 7
Views: 1175

Re: Help with Home Sale

Thinking like a banker here... not that I really can :D ..., but I'd say with you buying an new home and your current home not being actually sold yet getting a $200k loan from a bank would be tough going. Just my guess there, so... Plus whatever fees would go along with that. I would cross that one...
by Twins Fan
Thu Apr 17, 2014 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Home Sale
Replies: 15
Views: 918

Re: Beginning Investor - 457B Good Idea?

Oh, and 457b's are a good idea, as they are different than the 401k's and such. If you retired as say 53, you can make withdrawals from the 457b without penalty... as long as you are separated/retired from the city service. Of course minimum retirement age of your city/plan comes into play there, bu...
by Twins Fan
Thu Apr 17, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Investor - 457B Good Idea?
Replies: 8
Views: 389

Re: Beginning Investor - 457B Good Idea?

Do you get any kind of match or contribution from the city to your 457b? Don't pass that up if you do. Do you have a Roth 457b available to you? I will echo the other posters and say, I think you should transfer your Roth to Vanguard since you can get a similar target date fund in the .18 ER range. ...
by Twins Fan
Thu Apr 17, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Investor - 457B Good Idea?
Replies: 8
Views: 389

Re: Where are the Opportunities now ?

We read this part over and over... Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhap...
by Twins Fan
Thu Apr 17, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1935

Re: Draft email to investment advisor re outperforming Total

Folks, the investment advisor used the S&P 500 as the benchmark, as they all do most likely, not the OP. The OP mentioned total stock many times in the reply... ease off there. :D OP, yes I think you should change your reply to.... "I've realized that indexing outperforms 80% of actively ma...
by Twins Fan
Thu Apr 17, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2362

Re: Where are the Opportunities now ?

Oh jeez.... you do know what forum you're on, right? :D

We are not fans of market timing of any type around here. So, expect more answers like the ones given.
by Twins Fan
Thu Apr 17, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1935

Re: Live Now, Live Later?

How about some of both?

You say you are saving 50% of your income now. How about saving 40% this year, 35 or 30% next year, and so on... Then live a little more now with the extra percentage to spend. See how your comfort level feels as that adjusts.
by Twins Fan
Thu Apr 17, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 34
Views: 2868

Re: Where are the Opportunities now ?

Penny stocks...

Kidding :D

The opportunities now are in... keep contributing to your 401k and stay the course. Simple as that. :beer
by Twins Fan
Thu Apr 17, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1935

Re: 457b vs Vanguard Mutual fund account help

Just think how much people with lots of $$ in their accounts have gone down. :D It's part of investing in the stock market. Don't sweat it. Tells us more about the 457b... what funds available... do you get a match from your employer? You're probably best leaving it in the 457b and picking the low c...
by Twins Fan
Wed Apr 16, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 457b vs Vanguard Mutual fund account help
Replies: 7
Views: 261

Re: Does this strategy invite unnecessary risk?

Also I would like to note, this is my first time listening to Paul Merriman, I am not sure how quality his advice is on investing topics though he did sound as though he would agree with many similar values that Bogleheads have(however I am new here so clearly I don't know exactly what Bogleheads f...
by Twins Fan
Wed Apr 16, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 36
Views: 2114

Re: Help with Home Sale

Any savings account or emergency fund stash to dip into? If that's an option, seems you would replace that soon enough.
by Twins Fan
Wed Apr 16, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Home Sale
Replies: 15
Views: 918

Re: I don't understand whether there are costs to rebalancin

This is all in a taxable account? Then, no you're not missing anything. You would pay capital gains taxes on the stocks you sell, to then buy more bonds, and get back to your AA. (per the example) It would trigger a tax event. I think most folks prefer to do their rebalancing in the tax advantaged a...
by Twins Fan
Wed Apr 16, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand whether there are costs to rebalancing
Replies: 16
Views: 1138

Re: Reading material on mortgages?

Be sure to keep an eye on the APR. Lots of them will offer the low interest rate, but then the APR can be almost a point higher.
by Twins Fan
Wed Apr 16, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reading material on mortgages?
Replies: 9
Views: 491

Re: Let's compare 2013 effective tax rates

As hinted at, if your effective rate is higher than your marginal rate, you need to adjust your tax strategy! :D I think you're figuring your number incorrectly, boglerocks. The self employed thing may throw a wrench in there? It is not something I understand or deal with. But, I still can't imagine...
by Twins Fan
Wed Apr 16, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2130

Re: apartment rental strategies

I've been a renter a couple times in the past. In my experience, they give the "special" price for that first year and then get ready for the rent to jump way up the second year. And as mentioned, there's little to no negotiating at that point. It's either move or accept the higher rent. A...
by Twins Fan
Wed Apr 16, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: apartment rental strategies
Replies: 12
Views: 1161

Re: Reading material on mortgages?

Purchase your first mortgage?? If you have money to purchase the mortgage, why not just purchase the house? :D

You're taking out a loan. When it boils down to it, it's that simple.

Here's a site I like...

http://mtgprofessor.com/

Lots of good stuff and calculators on there.
by Twins Fan
Tue Apr 15, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reading material on mortgages?
Replies: 9
Views: 491

Re: Bond ladder question

My gut feeling is that I will probably keep the balance of the I-bonds until I get into a higher tax bracket, and use them as my taxable bond allocation and the two $5k CDs will either be used for yearly Roth IRA payments or a traditional IRA account. That's actually a reason that I, personally at ...
by Twins Fan
Tue Apr 15, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond ladder question
Replies: 7
Views: 803

Re: Where to put new monthly emergency fund contributions?

Since your emergency fund is basically already funded in checking and savings, I'd say there's no need to contribute more to the EF unless you had to dip into it for something. So, you're now investing with the extra, as I see it. I say taxable.
by Twins Fan
Tue Apr 15, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put new monthly emergency fund contributions?
Replies: 5
Views: 647

Re: Bond ladder question

First, bonds and CDs are not the same. So, the title of your thread is misleading. Enough nitpicking though. :D Personally, I don't see a CD ladder with 5k chunks being worth the work. Not that there's much work to it. But, for a few extra basis points on $5k... ? If paying an interest penalty isn't...
by Twins Fan
Mon Apr 14, 2014 12:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond ladder question
Replies: 7
Views: 803

Re: Older and Wiser - Allocation Advice After Rookie Mistake

Looks good to me!

My own feelings, I wouldn't bother with the 9% small cap growth index. That's not going to do much in the way of under or over performing the S&P 500. Savings rate is more important now than a 9%'er being added in there. Just me though...
by Twins Fan
Sun Apr 13, 2014 11:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Older and Wiser - Allocation Advice After Rookie Mistake
Replies: 16
Views: 2109

Re: Financial plan for pensioned in-laws

Looks like they won the game... well done to them!! I'd say the plan they had/have works fine. :D Even being very conservative... more than one road to Dublin, right? I agree with steering them in the direction of the Bogleheads site, Bogleheads guide to investing, and Bogleheads guide to retirement...
by Twins Fan
Sun Apr 13, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial plan for pensioned in-laws
Replies: 19
Views: 1199

Re: Help on Auto Loan vs. Student loan/Mortgage

I knew what you mean, sigh. Just couldn't pass it up. :happy Yes, they will cut you a check or deposit the money in your account, and you can do it that way. It seem you want to save some interest paid here. Can't blame you there. But, what's the plan if you do it this way? Do you plan to stay on sc...
by Twins Fan
Sat Apr 12, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Auto Loan vs. Student loan/Mortgage
Replies: 8
Views: 465

Re: Help on Auto Loan vs. Student loan/Mortgage

The money from the auto loan, about 12.5k, could PAY OFF your higher interest loans?? I think your math is off. :D I'm having trouble following what you plan to do here. Do you mean you would do the lease buy out with cash and then refinance or take a loan out on the car with PenFed using that money...
by Twins Fan
Sat Apr 12, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Auto Loan vs. Student loan/Mortgage
Replies: 8
Views: 465

Re: 401k: Target Date or Do-it-myself

I'd say, one or the other... If you're going to keep the LifeStrategy funds in the Roths, then go with the target retirement fund in the 401k. Or better yet, and as suggested, go with the same target retirement fund in each since you have Vanguard available in each. Too easy, and not that much monit...
by Twins Fan
Sat Apr 12, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k: Target Date or Do-it-myself
Replies: 7
Views: 1175

Re: Playing Defense [against possible market correction]

I think there may be a rebalance "bonus" for a set amount just sitting there growing or shrinking. That is the only way the set amount is going to get more shares when things are at a discount. But, when folks are adding/saving/accumulating/DCA'ing/etc., I don't see the "bonus" b...
by Twins Fan
Sat Apr 12, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2935

Re: Please help me decide what fund to put my 401k money int

Yes, asset allocation means how much in stocks/bonds. You would have to decide that for yourself. Those fees seem high for target date type funds. I would pass on them. The Wells Fargo Advantage Index fund looks to be a S&P 500 fund. I would probably go with that and the Vanguard total bond fund...
by Twins Fan
Sat Apr 12, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help me decide what fund to put my 401k money into
Replies: 11
Views: 331

Re: Vanguard S&P 500 vs Total Stock

I agree with others that it would likely make very little difference whichever you choose. Total stock is mainly/mostly the S&P 500 anyway, with some small and mid cap that could make for slight over or under-performance depending on the time frame. Personally, I'm a S&P 500 guy. I'm a simpl...
by Twins Fan
Fri Apr 11, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard S&P 500 vs Total Stock
Replies: 17
Views: 2918

Re: 24, New Job w/ Pension

Being in the 25% bracket now, soon to be in the 28% bracket, maybe up from there, and good low cost funds in the 457b, you're probably better off going traditional there and deferring the taxes now. More in the 457b and maybe maxing it could keep you in the 25% bracket... depending. Sounds like you ...
by Twins Fan
Fri Apr 11, 2014 8:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, New Job w/ Pension
Replies: 4
Views: 700

Re: Playing Defense

By the way, "how do you position your portfolio for defense" sounds like sales talk to me. Really? With all due respect that is absurd . It is a simple question on how would investors position themselves with an expected downturn in the market. Of course no one has a crystal ball, but if ...
by Twins Fan
Fri Apr 11, 2014 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2935

Re: Closing taxable accounts to pay off mortgage - tax quest

Looking at it again, that could be. I may have read that wrong. Depends on when they made the 2013 contribution then also.

OP, it is correct that you did not "roll" anything from taxable to a Roth. Doesn't work that way, sorry.
by Twins Fan
Fri Apr 11, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closing taxable accounts to pay off mortgage - tax questions
Replies: 8
Views: 644

Re: Closing taxable accounts to pay off mortgage - tax quest

Depends on the earnings in the Roth, I believe. For a personal example, in 2013 I contributed $5000 to a Roth by April 15th to fill the 2012 space and soon after that contributed $5500 for the 2013 space. This was also part of my EF at the time, so it was in a money market fund and then briefly in a...
by Twins Fan
Fri Apr 11, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Closing taxable accounts to pay off mortgage - tax questions
Replies: 8
Views: 644

Re: Calculate effect of mortgage-interest deduction

If you believe there is a benefit to paying interest to someone to get a tax break rather than keeping your money and paying taxes on it, you're over-selling it. :D As mentioned, it is very situational. For high income/high mortgage types paying yearly interest that is twice the standard deduction, ...
by Twins Fan
Mon Apr 07, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculate effect of mortgage-interest deduction
Replies: 11
Views: 691

Re: What would you do in this situation?

It seems concerning that you need to dip into this inheritance to replenish your checking account. How were you living before? You may be over saving between retirement and college savings if you're that strapped... or, may not be living within your means. Then, how much inheritance are we talking c...
by Twins Fan
Sat Apr 05, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do in this situation?
Replies: 9
Views: 647

Re: depreciate or not?

If they plan to sell, why not sell now... or when they current lease is up? Sounds like they hope for some more appreciation and to take full advantage of that primary residence "window"? I wouldn't play that game. That could work out in a way that slaps them right in the face if they miss...
by Twins Fan
Wed Apr 02, 2014 7:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: depreciate or not?
Replies: 3
Views: 254

Re: "Investing" in gift cards

The time I spent reading this thread was barely worth it to me. Let alone the time and leg work to do some of this. :D I give some of you all credit though for doing it to save a few bucks. Good job, really!... Not worth it to me though either. It's not worth it to you to do 2 hours of work to get ...
by Twins Fan
Wed Apr 02, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Investing" in gift cards
Replies: 32
Views: 2637
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