Search found 34 matches

by KT785
Fri Apr 21, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: New version of VantageScore coming
Replies: 16
Views: 1100

Re: Credit Score Changes For Bogleheads

Seems like this is already being discussed in this thread:

viewtopic.php?f=2&t=217040&newpost=3336737
by KT785
Fri Apr 21, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinancing
Replies: 4
Views: 547

Re: Student Loan Refinancing

I'm currently wrapping up a refinance through PenFed after having looked at most of the others (SoFi, LendKey, Credible, etc.). I'm planning on writing a review and posting it on the forum in the next day or so once the funds have posted to my FedLoan Servicing account since this relates to a previo...
by KT785
Tue Apr 04, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Recommendation for a security system
Replies: 4
Views: 402

Re: Recommendation for a security system

My wife and I chose LiveWatch Security after looking at various options for a few months. We also strongly considered SimpliSafe but in light of the exposed and unfixable "hack" (vulnerability) of that system and its proprietary technology, I decided against it. Our plan with LiveWatch is ...
by KT785
Mon Apr 03, 2017 6:58 pm
Forum: Personal Consumer Issues
Topic: Law school-most cost efficient, yet quality, way to get Real Estate law degree?
Replies: 37
Views: 2472

Re: Law school-most cost efficient, yet quality, way to get Real Estate law degree?

There is no such thing as a real estate law degree, and, no, there are no online law programs that are reputable. Go to an accredited, legit law school, or don't go at all. Definitely don't go into a ton of debt for a second-rate law degree because there just aren't that many good jobs for lawyers ...
by KT785
Wed Mar 29, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2027

Re: Max Out 0% Promo Credit Card

I'd like to use it to fund a new bank account I opened. How do you plan on funding the bank account with the card? Cash advance, convenience checks, etc.? Be aware that those types of transactions typically have a limit well below the actual credit limit for the card and moreover, 0% promos typical...
by KT785
Mon Mar 27, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA SCHWAB
Replies: 12
Views: 946

Re: Roth IRA SCHWAB

With $1,000 you can open a Roth IRA at Vanguard via one of their Target Date Funds--unlike most of their other funds, the Vanguard TDFs only have a $1,000 minimum initial investment. Also, if you haven't read it already, I'd recommend reading "If You Can" by Bill Bernstein--free PDF linked...
by KT785
Mon Mar 27, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Toyota vs. Honda
Replies: 58
Views: 4355

Re: Toyota vs. Honda

Subaru :D
by KT785
Mon Mar 27, 2017 12:23 am
Forum: Personal Consumer Issues
Topic: Off-line Budgeting software for Mac
Replies: 9
Views: 727

Re: Off-line Budgeting software for Mac

I use Quicken 2017 for my Mac--though I leverage automatic downloads from my various financial institutions as well as cloud sync for my iPhone and iPad. That said, I imagine one can use it without either of these features and rely only on manual entry. I've also heard positive things about Banktivi...
by KT785
Wed Mar 22, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 914

Re: Another student loans question

I can speak briefly re: LPMI (lender paid mortgage insurance) as my wife and I went that route when we bought our home 3 years ago. Ultimately, I felt I was "sold" that vs. PMI and our mortgage broker's rationale was that we'd buy a new house within 5-7 years (his view, not mine) and accor...
by KT785
Wed Mar 22, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 914

Re: Another student loans question

Any thoughts on which mortgage? Thoughts on using cash reserves to pay off high interest SL (15k @ 7.65%) now versus waiting a few months to refinance? Any other thoughts on using cash to pay off SL now? I'm personally too risk averse to go with an ARM unless I know I'm only going to be in the hous...
by KT785
Wed Mar 22, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 914

Re: Another student loans question

I would step back and ask if you should be buying a home with $245k of high interest student loans. I had the same reaction and depending on his full situation (income, liquid assets, etc.), is definitely a consideration OP should take into account even though he's already under contract at this po...
by KT785
Wed Mar 22, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 914

Re: Another student loans question

Hello all, just wanted some opinions regarding student loans. Partner and I are preparing to buy a house in the next 90 days (offer accepted) around 350k. We currently have about 50k in cash for down payment/emergency fund etc. at the same time I have a lot of student loans, roughly 230k at 6.5% an...
by KT785
Tue Mar 21, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Windfall and Student Loan Pay-off/Pay-down Plan
Replies: 10
Views: 1122

Re: Windfall and Student Loan Pay-off/Pay-down Plan

Update 3/21/2017: Thanks again for all the feedback on my original post! The settlement funds posted to our account this morning and shortly thereafter I initiated a payoff of my wife's loans, except the 4.25% one, and all of my unsubsidized 6.55% loans. After the loan servicer processes our paymen...
by KT785
Mon Mar 20, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Date in both 401k and IRA/taxable---any issue?
Replies: 6
Views: 471

Re: Vanguard Target Date in both 401k and IRA/taxable---any issue?

My wife and I both invest in the Vanguard 2050 Fund (Trust Plus) through our 401k and in the Vanguard 2050 Fund (Investor Shares) in our Roth IRAs. We don't currently invest in a taxable account but have contemplated using one as a supplement to our emergency fund and in that case, planned on levera...
by KT785
Sat Mar 11, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 5134

Re: Ally Bank Replacement

Once again, for maybe the fourth or fifth time in the past year, Ally Bank's website is unavailable. A call to them only got an apology and "We're doing updates." I do my banking on Saturday mornings and this is getting ridiculous. Capital One, when I was with them, was more reliable. Can...
by KT785
Thu Mar 09, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 5541

Re: 2017 Honda Civic not recommended by Consumer reports

Perhaps the new Subaru Impreza instead? The Impreza also comes in a hatchback. :D I previously owned a 2012 Civic (purchased new) and agree with Consumer Reports' negative reviews of it. I traded it in about a year later (very unBoglehead of me) because the build quality was so poor and the dealersh...
by KT785
Sat Mar 04, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6059

Re: Camry Redesign

As a matter of personal preference, I'd wait until at least the second year of a new generation--can you wait until the 2019 Camry comes out? The first model year of a car after a major redesign will likely have the most issues of all model years of a generation (due to the redesign) which will be ...
by KT785
Sat Mar 04, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6059

Re: Camry Redesign

As a matter of personal preference, I'd wait until at least the second year of a new generation--can you wait until the 2019 Camry comes out? The first model year of a car after a major redesign will likely have the most issues of all model years of a generation (due to the redesign) which will be c...
by KT785
Sat Feb 25, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Windfall and Student Loan Pay-off/Pay-down Plan
Replies: 10
Views: 1122

Re: Windfall and Student Loan Pay-off/Pay-down Plan

The plan sounds good - 6.55% is a pretty high interest rate. Blueman Thanks! For additional context, all the loans listed in my original post are receiving a .25% interest discount because we've set them up with auto-debit . . . the loans were originated at 6.8% (save for one of my wife's at 4.75%).
by KT785
Sat Feb 25, 2017 2:47 am
Forum: Personal Finance (Not Investing)
Topic: Windfall and Student Loan Pay-off/Pay-down Plan
Replies: 10
Views: 1122

Re: Windfall and Student Loan Pay-off/Pay-down Plan

Your plan is a reasonable option, all things considered. Are you maxing out the 401ks and IRAs? If not, that's almost certainly a better deal mathematically, if you can afford it. Obviously, you don't want to pour the $70k into retirement accounts, then have your loan payments adjust up to a level ...
by KT785
Sat Feb 25, 2017 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Windfall and Student Loan Pay-off/Pay-down Plan
Replies: 10
Views: 1122

Windfall and Student Loan Pay-off/Pay-down Plan

My wife and I are about to receive a small windfall in the next few weeks as settlement of a personal injury lawsuit and wanted to run our plans for the proceeds by my fellow Bogleheads to validate our approach. (I’ve been lurking on Bogleheads for about 4 years and have accordingly already read the...
by KT785
Sun Feb 19, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Retirement - Institutional class
Replies: 6
Views: 1161

Re: Vanguard Target Retirement - Institutional class

Could anybody tell me the cost difference between the institutional vs the regular Vanguard Target fund? My employer recently offers the regular target funds and I would like to collect some data and discuss it with my H.R. regarding institutional. Thanks, Frank Here's the listing of all Vanguard T...
by KT785
Sat Feb 18, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2266

Re: Life insurance policy on kids - prudent?

I'm not sold on the argument that it is much help even in cases where the child might become uninsurable in the future. If you need life insurance to protect your family against loss of income, you need a lot more than your parents are likely to buy you when you are an infant. In the scenario I out...
by KT785
Sat Feb 18, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2266

Re: Life insurance policy on kids - prudent?

I wanted to chime in here that there is one scenario where getting life insurance on a child may be appropriate, and that's if you have reason to believe your child is very likely to develop a health condition later in life (child/adolescence though early 20s) that would make them uninsurable. In th...
by KT785
Wed Nov 23, 2016 7:47 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance: Liability only vs Collision/Comprehensive
Replies: 4
Views: 579

Re: Auto Insurance: Liability only vs Collision/Comprehensive

Given that your Civic is only a year or so old, I'd keep collision and comprehensive coverage--though I'm likely more inclined to do so on even somewhat older vehicles than many other Bogleheads. That said, I am curious about your liability limits. Do you have an umbrella policy in addition to the h...
by KT785
Sun Nov 20, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking Recommendations
Replies: 18
Views: 1959

Re: Online Banking Recommendations

When we moved primarily to online banking from Chase a year ago, I looked at Ally (since I already had a savings account), Charles Schwab, and State Farm Bank among other online options. We ultimately decided to go with an interest checking account through State Farm Bank as our primary checking acc...
by KT785
Sun Nov 20, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: Dehumidifier for our basement
Replies: 19
Views: 1313

Re: Dehumidifier for our basement

We purchased the Frigidaire FAD704DWD this spring after pouring over countless reviews from Amazon and Consumer Reports. We have a 1200 sq.ft. basement, of which around 70% is finished and it keeps the relative humidity around 50% or less. To monitor the humidity, I also picked up an AcuRite 00613 I...
by KT785
Wed Nov 09, 2016 10:55 pm
Forum: Personal Consumer Issues
Topic: Insurance company watching your mileage?
Replies: 28
Views: 2377

Re: Insurance company watching your mileage?

I get a low mileage discount with State Farm through their Drive Safe and Save program. On my Buick, they get the mileage information from OnStar but on my wife's Nissan, we received a small Bluetooth transponder that we keep in the car to gather driving characteristics and an app on both our iPhone...
by KT785
Sun Oct 02, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Car Trade in value
Replies: 12
Views: 754

Re: Car Trade in value

Also bear in mind the potential sales tax implications when trading in a vehicle vs. paying the equivalent in cash--in most states, you'll get a credit for the value of the trade-in. In my state (Illinois) under your example, the trade-in would essentially reduce the taxable price of the car by $15,...
by KT785
Mon Jul 04, 2016 8:28 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance - Am I paying too much ?
Replies: 34
Views: 2894

Re: Auto Insurance - Am I paying too much ?

As far as dumping rental car reimbursement, that's like $20/six months for $50/day $1500 total. If your car gets stolen, you're going to be out of pocket on the rental car until you replace. Personally, I would rather take my time to replace it and not be racking up huge rental car expenses while d...
by KT785
Mon Jul 04, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3765

Re: How to negotiate result of big item home inspection

My initial thought is that it likely won't hurt to try to negotiate a reduction in price by $10k. However, I have two additional thoughts: 1) The costs of replacing a complete HVAC system along with a hot water heater may very well be more than $10k. Costs for equipment and install can vary wildly b...
by KT785
Mon Jul 04, 2016 4:11 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance - Am I paying too much ?
Replies: 34
Views: 2894

Re: Auto Insurance - Am I paying too much ?

With the savings from raising your deductible you could likely add a $1 million umbrella policy and leave the liability limits at 50/100. Most insurance companies will require you maintain higher liability limits before you can purchase an umbrella policy. I had to increase my liability limits to 2...
by KT785
Thu Jun 30, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Which online only banks provide this?
Replies: 23
Views: 1950

Re: Which online only banks provide this?

Charles Schwab bank is what you need. You will have to deposit using a smart phone. How does that meet his number 1 criteria? Deposit is much easier and convenient with a phone, save him trips to ATMs. So that beats his number #1 criteria. I do have account at another bank which I can deposit using...
by KT785
Thu Jun 30, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Which online only banks provide this?
Replies: 23
Views: 1950

Re: Which online only banks provide this?

OP, my primary checking account is with State Farm Bank and seems to fit both of your primary needs:
- Cash and check deposit at ATMs (as well as mobile deposit for checks)
- Unlimited ATM fee reimbursement with direct deposit (including international fees IIRC)

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