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Re: Mortgage Prepayment Question

Assuming the rate is 8.26% currently with $125k left in principal, the monthly payments is roughly $1441. This could work if the loan was originally for $191,700 30-yr fixed from 19 years ago. And with that timeframe, the interest rate matches up. Assuming $100k principal payment, that would leave $...
by harikaried
Tue Jul 22, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2615

Re: Mortgage Prepayment Question

Actually, I don't think you are telling us the truth; the principal amount went up 3, the interest amount down 4. So let's use the interest instead of the principal. 12 x (4/581) = 8.3% Something isn't right with your numbers. I ran into similar issues when calculating the interest rate and princip...
by harikaried
Tue Jul 22, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2615

Re: Divesting Stock with Sentimental Value

If you don't directly need this money for yourselves or children, you could donate it to a Donor Advised Fund and name it in memory of spouse's parent or whatever you want to call it. You can take the tax deduction while choosing to support nonprofits your wife or your wife's parent would have wante...
by harikaried
Sat Jul 19, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Divesting Stock with Sentimental Value
Replies: 39
Views: 1885

Re: Help with setting up Fidelity solo-401k

You'll also be filling out an "Account Application" in addition to that "Adoption Agreement." https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/se-401k-application.pdf That form explicitly says: All forms must contain your Employer Tax ID number. Do not use your ...
by harikaried
Fri Jul 18, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Fidelity solo-401k
Replies: 14
Views: 782

Re: Who else hates choosing a car?

I was heavily looking at subaru's, but I live in coastal virginia where snow isn't too rampant A quick search says Norfolk has above average number of days of precipitation, although I'm not really sure how hard it rains when it does rain. AWD is useful whenever you need to accelerate in slippery s...
by harikaried
Fri Jul 18, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6422

Re: Does this loan repayment schedule make sense?

You save the most interest the earlier you put a large amount of money towards the principal. Another way to look at this is how much do you want to end up paying in interest? I made up some numbers that seem to be close to yours: $14k loan at 3.5% for 66 months = $233/mo minimum payments with total...
by harikaried
Fri Jul 18, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does this loan repayment schedule make sense?
Replies: 9
Views: 457

Re: POLL: Do you have a dedicated REIT allocation?

We had 10% in REIT until end of 2012 when we simplified to: age in bonds - 10, bonds = 1 total bond : 1 tips, equities = 2 us : 1 intl. Maybe someday we'll just do age in bonds to remove another "10."
by harikaried
Fri Jul 18, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6979

Re: Ways to lose money and destroy personal wealth by invest

Valuethinker wrote:investing decisions made for primarily tax related reasons
I've heard people say "Don't let the tax tail wag the dog," but are there examples of doing/not-doing something purely for tax reasons?

Perhaps something like never rebalancing if you only had taxable investments?
by harikaried
Thu Jul 17, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9264

Re: $32k Subaru Outback or $14k Mitsubishi Outlander Sport

The 2015 should have higher resale value since a year newer so the initial cost difference probably is made up in the end. Loan rate 1.9% (emphasis mine) You can get your own 0% 36-mo loan and bring the check. That's how PenFed's Car Buying Service works: https://www.penfed.org/PenFed-Car-Buying-Se...
by harikaried
Wed Jul 16, 2014 8:04 pm
 
Forum: Personal Consumer Issues
Topic: $32k Subaru Outback or $14k Mitsubishi Outlander Sport
Replies: 42
Views: 4335

Re: Paperwhite for Cloudy-Day Reading

Well, after reading all these posts, its sounds like Paperwhite is a no-brainer. I will check it out for myself at Best Buy. How soon did you want to get it? The previous versions came out October 2012 then the current one September 2013. http://en.wikipedia.org/wiki/Amazon_Kindle#Kindle_Paperwhite...
by harikaried
Wed Jul 16, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Paperwhite for Cloudy-Day Reading
Replies: 21
Views: 1822

Re: Man turned $2 m into 187 million and gave it away

wrysys wrote:turned a $2m inheritance into 187 million over 60 years
(187 / 2) ^ (1 / 60) = 7.86% annual growth

S&P 500 60 years ago was around $22 and today $1973, so 7.78% annual growth, so 8 basis points less.

Does this mean he could manage a fund with 0.08% expense ratio to get the same results?
by harikaried
Wed Jul 16, 2014 1:02 am
 
Forum: Investing - Theory, News & General
Topic: Man turned $2 m into 187 million and gave it away
Replies: 7
Views: 2603

Re: Should I buy a new(er) car, and if so what?

Before you plunk down money on a new car, go to the electronics store ASAP and treat yourself to a wonderful new stereo deck with USB port and auxiliary audio. This will cost you less than $200. Oh neat! I just did a quick search on Amazon for car stereos with bluetooth: Electronics : Car & Veh...
by harikaried
Wed Jul 16, 2014 12:36 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a new(er) car, and if so what?
Replies: 19
Views: 1905

Re: $32k Subaru Outback or $14k Mitsubishi Outlander Sport

I've been planning to buy a 2015 Subaru Outback Limited with eyesight for a while Any particular reasons for the Limited instead of Premium? You can get EyeSight (+ Blind-Spot Detection & Rear Cross-Traffic Alert + Power Rear Gate) on the Premium for $29,540 if you want to shave off a few thous...
by harikaried
Wed Jul 16, 2014 12:11 am
 
Forum: Personal Consumer Issues
Topic: $32k Subaru Outback or $14k Mitsubishi Outlander Sport
Replies: 42
Views: 4335

Re: Should I buy a new(er) car, and if so what?

1) I'm in my car A LOT. 2 hrs a day, 21 work days a month, 12 months a year -- we're talking like 3 weeks of every year I spend commuting. It'd be nice to spend all that time in a car that's a little nicer than my ole Civic--which is beginning to look a little shabby. Are you looking for comfort fo...
by harikaried
Tue Jul 15, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: Should I buy a new(er) car, and if so what?
Replies: 19
Views: 1905

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

No, $35K was in other funds which charge me 2% and such for management, etc. If you still had the money at the 457B and today they announced your ideal 75% stock ETF and 25% bond ETF with 0% expense ratio, would you sell all your funds to cash then incrementally buy the new funds over 6 months whil...
by harikaried
Tue Jul 15, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 975

Re: New $35000 to Roth IRA - Dollar Cost Averaging???

bruingent wrote:my previous 457B plan has bad funds. So I did the roth conversion.
Meaning that $35k was sitting as cash in the 457B?
by harikaried
Tue Jul 15, 2014 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: New $35000 to Roth IRA - Dollar Cost Averaging???
Replies: 13
Views: 975

Re: Debt payoff plan opinions

You don't have to cash out the 11k in your taxable when you refinance. You can do the full 22k (or whatever is left). Right. You can refinance right now to get a $22k loan @ 1.49% 36mo would result in ~$600/mo payments. Earlier we calculated that even when you max out your 401k, you would have $210...
by harikaried
Tue Jul 15, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3109

Re: Debt payoff plan opinions

how much of a hassle is it to refinance a vehicle. At least with PenFed, you can do all the application online. You specify that you're looking to refinance an auto loan, put in the terms you want (how much, how long), provide some information about the vehicle and current loan. Once approved, you'...
by harikaried
Mon Jul 14, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3109

Re: Debt payoff plan opinions

I am 24, with 78k salary... I am out 1400 a month on living expenses... With 4400/month income after taxes and health insurance but before 401k... So your base salary is 78k and assuming basic income tax with standard deduction, etc., that's $13k in federal income tax, $5k FICA tax, $1k Medicare, $...
by harikaried
Sun Jul 13, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3109

Re: Who else hates choosing a car?

- Fuel Efficiency - Safety - What your commute looks like - How much space/size you need - Weather where you live - Cost I have found myself longing for a nicer car the last 8-12 months, but every time I look at cars, there seems to be no such thing as an affordable luxury car with the fancy interi...
by harikaried
Sun Jul 13, 2014 4:15 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6422

Re: Debt payoff plan opinions

PenFed offers 2.24% for 60 months with a minimum loan of $10k. This works out to roughly $175/mo, and if you only make minimum payments, the total amount of interest paid over 5 years is less than $600. (You would sell taxable, etc. to pay down the current loan to $10k either just before or as part ...
by harikaried
Sun Jul 13, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff plan opinions
Replies: 53
Views: 3109

Re: Boglehead Rules Of Thumb To Investing?

1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course Stolen from http://www.bogleheads.org/wiki/Bogleheads%C...
by harikaried
Fri Jul 11, 2014 2:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Rules Of Thumb To Investing?
Replies: 23
Views: 3214

Re: Anyone switch to non-branch banking?

We somewhat "switched" to non-branch banking when we moved to Reno. There are no Citibanks around here anymore (although we do still see old Citibank signs painted over blue). We use Fidelity for mobile check deposits, and Fidelity allows up to $25,000 as opposed to Citibank's $1000 limit,...
by harikaried
Thu Jul 03, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4333

Re: Money Mkt vs. Savings Acct.

bank interest rates were capped by Regulation Q at 5.5% for commercial banks Interesting. I looked up some info on Regulation Q, and it does seem that demand deposits accounts were not allowed to pay interest at all until 2011. It seems that Negotiable Order of Withdrawal account were created in 19...
by harikaried
Thu Jul 03, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Money Mkt vs. Savings Acct.
Replies: 9
Views: 1213

Re: Lump sum from taxable gains vs DCA from income?

you should move it all at once unless there is a tax issue involved (for example, waiting for short-term gains to become long-term Right, I was trying to quantify that waiting for the tax issue, e.g., waiting a month for 25% short-term -> 15% long-term reduces costs by 10%. But similarly, one could...
by harikaried
Thu Jul 03, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 456

Re: Lump sum from taxable gains vs DCA from income?

You should invest your emergency fund What if one doesn't have enough in the emergency fund to cover two Roth IRAs? Or if one wants to front-load 529 contributions with much more than what would be available in an emergency fund? In our specific situation, we put cash needs in a tax-advantaged acco...
by harikaried
Wed Jul 02, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 456

Lump sum from taxable gains vs DCA from income?

If one is shifting money from a taxable account to a tax-free account such as Roth or 529 while keeping the same asset allocation, at what point does one prefer selling taxable gains vs waiting for income to be deposited into a taxable account? For example, if we assume an overall asset allocation w...
by harikaried
Wed Jul 02, 2014 3:36 am
 
Forum: Investing - Theory, News & General
Topic: Lump sum from taxable gains vs DCA from income?
Replies: 5
Views: 456

Re: Pay down (not off) mortgage?

We were in a similar situation when we knew we would be selling the house in less than a year. Paying down extra principal saved some interest payments that we got to realize when the house was sold. (Whereas typically, paying down doesn't benefit people until many years later when the rest of the d...
by harikaried
Mon Jun 30, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 4850

Re: Who do you talk with about your financial goals?

Reading a bunch of the comments seem to give me a sense of people have different concepts of financial goals, or at least there one main unspeakable goal of saving some large amount of money that shouldn't be discussed with others. But financial goals could also fall into being able to take a vacati...
by harikaried
Mon Jun 30, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9082

Re: The IPO is dying - Marc Andreessen

It seems that part of the concern is that there are fewer new public companies than before, and these would-have-been-public companies would fall into Growth, so people investing broadly or focused on Growth would be missing out. But Marc also pointed out how public companies like Google are buying ...
by harikaried
Mon Jun 30, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: The IPO is dying - Marc Andreessen
Replies: 16
Views: 1404

Re: Please help us decide where to live

We saw a nice, restored Craftsman bungalow on Martin Street , but it was about $240k with one bathroom, no garage, and too close to Virgina Ave. http://www.trulia.com/property/3037088671-103-Martin-St-Reno-NV-89509 This house looked very nice on the inside, but the houses were pretty close together...
by harikaried
Sat Jun 28, 2014 2:02 am
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7877

Re: Please help us decide where to live

Schools don't matter except indirectly. (Anchoring home value, perhaps drawing better neighbors, etc.) Walkability is high. But so is having some space. Parks would be great, but even better would be a track. Age of house is irrelevant, as long as it's in good condition. There's houses near Idlewil...
by harikaried
Fri Jun 27, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7877

Re: Please help us decide where to live

We recently purchased a 3bd/2ba 2000sqft house just southwest of downtown near the river for a little over $250k. We spent several days looking at home in Reno less than a month ago, and we had a very hard time finding anything nice for that price/size in that part of the city. What would you find ...
by harikaried
Fri Jun 27, 2014 5:05 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7877

Re: Please help us decide where to live

we really like the Reno / Carson City area for its weather and proximity to Tahoe We moved from SF Bay Area to Reno for the outdoors -- plenty of skiing and biking for us, and friends here enjoy running, hiking, camping. There's plenty of sunshine here even in the wintertime where we rarely need to...
by harikaried
Thu Jun 26, 2014 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7877

Open 5/5 HELOC to guard against ARM increases?

We're still a couple years out from our ARM/1 adjusting, so does it make sense to open a 5/5 HELOC to lock in rates for the next 5 years? If the ARM adjusts upwards from 2.625% (max increase 2% each year), we could then pay off the ARM with the HELOC fixed at 3.75%. If so, we would probably repay th...
by harikaried
Tue Jun 24, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Open 5/5 HELOC to guard against ARM increases?
Replies: 0
Views: 338

Re: Withdraw from IRA or sell taxable gains offsetting losse

No, it's because money continues to grow tax-deferred as long as it stays in tax-deferred accounts. But what if one has 30 years to prepare for opportunities of tax-free or lower tax years? My question is if it's easier to plan for 0% LTCG or 0% effective income tax. For example, if it's more likel...
by harikaried
Sat Jun 21, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw from IRA or sell taxable gains offsetting losses?
Replies: 7
Views: 557

Re: Withdraw from IRA or sell taxable gains offsetting losse

If you aren't maxing out your tax-deferred accounts, it's usually better to sell taxable accounts to max out your tax-deferred accounts Is that because selling taxable results in gains that offset carryover losses only by the size of the gains whereas withdrawing money from an inherited IRA means b...
by harikaried
Sat Jun 21, 2014 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw from IRA or sell taxable gains offsetting losses?
Replies: 7
Views: 557

Re: pay off mortgage or ROTH

But I don't understand when you say "Your return on prepayments is only 3.25% pre-tax"? What means "prepayments is only 3.25% pre-tax? Can you show example please? You indicated that your mortgage is 3.25% interest. The bank can only charge interest on the remaining principal you owe...
by harikaried
Sat Jun 21, 2014 1:40 am
 
Forum: Personal Finance (Not Investing)
Topic: pay off mortgage or ROTH
Replies: 58
Views: 3885

Withdraw from IRA or sell taxable gains offsetting losses?

Is there a preference to withdraw from an IRA and paying ordinary income tax compared to selling from taxable with either short term gains or any gains that would offset losses that could have reduced taxable income? Assume currently 25% tax bracket and asset allocation would be maintained in either...
by harikaried
Fri Jun 20, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdraw from IRA or sell taxable gains offsetting losses?
Replies: 7
Views: 557

Re: What smartphone plan do you use?- off contract

I've been using Ting, and it's been pretty good especially after Sprint deployed 4G to Reno earlier this year. It's nice that they only charge based on however much you use, so I end up paying $3 for talk, $0 for text, and $12 for data. My usage averages under 100 minutes, 0 text, and 500MB. One mon...
by harikaried
Sat Jun 14, 2014 12:13 pm
 
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 5433

Re: What are you doing with the market at an all time high?

Wikipedia has milestones of the S&P 500 Index:
http://en.wikipedia.org/wiki/Milestones ... _500_Index

March 28, 2013: S&P 500 ends at 1,569.19, surpassing its previous record closing high set in 2007.

If you bought at that all-time high, you would be up 25%.
by harikaried
Mon Jun 09, 2014 2:46 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you doing with the market at an all time high?
Replies: 95
Views: 6511

Re: Target date funds

We are going to request target date index funds. Is there any difference between TIAA-CREF target date index/Vanguard TDF Index/Fidelity target date index, all the three have low expense ratios Fidelity has only one target-date "index" fund. The Freedom funds are not "index" fun...
by harikaried
Sat Jun 07, 2014 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target date funds
Replies: 20
Views: 2374

Re: What funds do you sell in order to balance

reisner wrote:The Roth is full of bonds, so I have only the Small Caps Index to work with there.
So the Roth is the only tax advantaged space? No IRA or 401k or even 529?
by harikaried
Sat Jun 07, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: What funds do you sell in order to balance
Replies: 10
Views: 632

Re: What funds do you sell in order to balance

reisner wrote:also selling a small and recent tax-sheltered investment in the Small Caps Index
Do you have any other equities in tax-sheltered space? Or are those filled up with bonds already?
by harikaried
Sat Jun 07, 2014 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: What funds do you sell in order to balance
Replies: 10
Views: 632

Re: New car for improved safety

I looked this up a few months ago on the insurance institute web page Interesting. I just searched for vehicles that are least expensive to insure, and sure enough there are various articles about just that! The least expensive cars to insure, 2014-model edition http://www.insure.com/car-insurance/...
by harikaried
Wed Jun 04, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: New car for improved safety
Replies: 33
Views: 2457

Re: New car for improved safety

I looked at the Outback with Eyesight, but ultimately decided against it. They only bundle it with their inferior navigation system. It's a lot of money to get adaptive braking and lane departure warning. Where do you see this? For the 2014 Premium model, you actually can't add both EyeSight and Na...
by harikaried
Tue Jun 03, 2014 5:48 pm
 
Forum: Personal Consumer Issues
Topic: New car for improved safety
Replies: 33
Views: 2457

Re: Budget for charitable giving

if one is paying their CEO in the high six figures or more, they are not going to get my hard earned dollars I suppose that's a personal choice as well. If the market can pull well qualified CEOs away from non-profit organizations by offering higher salaries, that's a loss for the non-profits. Simi...
by harikaried
Sat May 31, 2014 2:20 am
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2601

Re: Pay down 2.625% ARM vs invest 529 for future kids

it's probably advantageous to cash out whatever taxable you have to max out the 529 for the year as soon as possible. That seems to line up with what I've got, but I think what's confusing me is the fungibility of cash when I try to associate the cost/tax of selling taxable to the 529 investment or...
by harikaried
Fri May 30, 2014 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down 2.625% ARM vs invest 529 for future kids
Replies: 7
Views: 673

Re: Pay down 2.625% ARM vs invest 529 for future kids

Unfortunately, it doesn't work like a Roth Emergency fund. I thought you had sufficient taxable investments to cover the mortgage if rates skyrocket. http://www.savingforcollege.com/intro_to_529s/what-is-the-penalty-on-an-unused-529-plan.php Oh right, I forgot about that. The key piece, which was p...
by harikaried
Thu May 29, 2014 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down 2.625% ARM vs invest 529 for future kids
Replies: 7
Views: 673

Re: Pay down 2.625% ARM vs invest 529 for future kids

The future is the future... I would not invest for kids that you don't yet have... since well... life can change :-) Well, the main options of what to do with money at this point are 1) invest tax advantaged 2) pay down mortgage 3) invest taxable. We're already maxed on retirement tax advantaged, s...
by harikaried
Thu May 29, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down 2.625% ARM vs invest 529 for future kids
Replies: 7
Views: 673
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