Search found 22 matches

by benevo
Thu Apr 27, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

Great additional thoughts, all. One thing I also learned, Earnest lets you adjust your time/rate as you will. So, I can start with a higher monthly payment and lower rate and at any* time, adjust so that I'm paying less minimum monthly - but the rate will go up a bit. * https://help.earnest.com/hc/e...
by benevo
Wed Apr 26, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

Thank you all for the great info! I have a lot to look through and consider. :)
by benevo
Wed Apr 26, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

I refinanced with Sofi a couple of years ago - moved to 5y variable rate, started at 1.9%, which has gone up since then. Sofi had some small customer service issues, but nothing critical. Initially didn't get the lowest rate advertised, so I emailed them back and then got the lowest rate. Email Ear...
by benevo
Wed Apr 26, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Re: Refinance student loan to Earnest?

Taylor Larimore wrote:benevo:

What about closing costs; transfer fees, credit checks, etc..?

Best wishes.
Taylor


Good morning! These are student loans, not their mortgages. But, there are no transfer fees, no loan origination fees, no early payoff fees, etc. Thanks!
by benevo
Wed Apr 26, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 20
Views: 848

Refinance student loan to Earnest?

Good morning Bogleheads! I have about $32,000 left in my graduate student loans. That's the total of 3 loans, all federal through Navient. My current interest rate is 6.8%, with a 0.25% discount for autopay - so, my actual interest rate is 6.55%. My monthly payment is about $500. I have approximatel...
by benevo
Thu Apr 20, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 500

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

There seems to be some definition gap. The bit about withdrawing penalty-free doesn't apply. If you take money out of an IRA, Roth or TIRA, then you have 60 days to put it into an IRA or similar account or it's a permanent withdrawal. If you do redeposit, it's an indirect rollover. That's what Vang...
by benevo
Thu Apr 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 500

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

In that case, your only options are to do a direct custodian transfer, which you tried ran into a roadblock, or an indirect rollover. Otherwise, if you take the money out you've lost the Roth space forever, and might owe some tax on any gains. Follow Vanguard's lead on how to do that. What do you m...
by benevo
Wed Apr 19, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 500

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

To clarify, does this Roth just have 2017 contributions? Even if you withdrew earlier ones, you couldn't put them into a new Roth somewhere else unless it's an indirect rollover (you only one in a 12-month period). Your question is uncomfortably vague. Apologies! It was an account established in la...
by benevo
Wed Apr 19, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 500

Roth IRA transfers, indirect rollovers, contributions, oh my!

Hi gang! I'm moving my roth IRA from Ameriprise to Vanguard. I initiated the automated transfer, but Ameriprise requires a medallion guarantee and as the majority of my banking is online, it is a hassle to get that signed. So, to circumvent this option, and because my current Ameriprise roth IRA is ...
by benevo
Wed Apr 12, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate, keep apart, or overthinking?
Replies: 5
Views: 472

Re: Consolidate, keep apart, or overthinking?

Thank you all for the feedback and advice! If you keep them at separate financial institutions, then you will not make the mistake of making a transaction in the wrong account. :) If you have accounts at both Fidelity and Vanguard, then you will see how each of them treats their customers. You will ...
by benevo
Wed Apr 12, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Consolidate, keep apart, or overthinking?
Replies: 5
Views: 472

Consolidate, keep apart, or overthinking?

Good morning! I am trying to determine if (A) I should consolidate both my roth IRA and my 401(k) to the same provider, (B) keep them separate, or (C) it simply does not matter. My 401(k), which started as a 403(b) when I began my career 7 years ago, was in Fidelity from 2010-2015. In 2015 I changed...
by benevo
Thu Apr 06, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 272

Re: Both a cash and investment roth IRAs?

fabdog wrote:Schwab may do a better job of "hand holding" you thru the process if you feel unsure, good phone support


Thanks for this good point! Would you suggest their regular roth IRA or doing it through Intelligent Portfolios, in order to get the hand holding? https://intelligent.schwab.com/
by benevo
Thu Apr 06, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA SCHWAB
Replies: 12
Views: 980

Re: Roth IRA SCHWAB

Vanguard was my first choice too, but actually I am happier at Schwab and have zero reasons to want to be at Vanguard instead. Hi there! As someone looking to move my roth IRA to either Vanguard or Schwab, and frankly having no clue how to pick as they seem so similar, can you expand upon why you'r...
by benevo
Thu Apr 06, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 272

Both a cash and investment roth IRAs?

Hi gang, Currently, I have a roth IRA that my Ameriprise financial adviser set me up with (the IRA itself is with Ameriprise). I will be leaving him/Ameriprise, and moving that IRA to either Vanguard or Schwab (I can't decide yet, they seem so similar and both have managed and non-managed solutions!...
by benevo
Thu Apr 06, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting vs Tracking Expenses?
Replies: 42
Views: 3401

Re: Budgeting vs Tracking Expenses?

I am a Ynaber too. The thing about YNAB is it is not just a software but a methodology (which is more important). This is so, so true. YNAB is truly worth the yearly fee, even if simply to thank them for the methodology and tips. It's a great way to see exactly where your budgeted/liquid money is, ...
by benevo
Thu Apr 06, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

Chris001122 wrote:Read the books on the reading list here.


Good morning and thanks for your tips! Just ordered one yesterday. :)

When setting up the roth IRA, would you agree with above comments regarding which investment(s) to pick for it (2050/VFIFX) or would you have a different opinion?
by benevo
Wed Apr 05, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

Here are my plan's investment options & gross expense ratios The best options in the 401k are: ⋅ VANGUARD INST INDEX (VINIX) - 0.04% -- Large caps, 80% of US stocks ⋅ VANG EXT MKT IDX INS (VIEIX) - 0.07% -- Mid/small caps, 20% of US stocks ⋅ VANG TOT INTL STK IS (V...
by benevo
Wed Apr 05, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

This is a very strong bias towards small and mid cap. Is there a particular reason you're deviating so far from "owning the entire haystack"? A total stock market is roughly 80% s&p 500 and 20% VANG EXT MKT IDX. And the s&p 500 is large cap, and generally tracks most of the total ...
by benevo
Wed Apr 05, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

I strongly recommend paying off your student loans as soon as possible. 6.8% (or even 4.69% if you refinance) is a high interest rate in today's environment. Thanks for this comment. I will run some numbers and see if I'd be able to do less than 5 years - might be hard though. Variable isn't worth ...
by benevo
Wed Apr 05, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

I was going to say the same. This is a very strong bias towards small and mid cap. Is there a particular reason you're deviating so far from "owning the entire haystack"? A total stock market is roughly 80% s&p 500 and 20% VANG EXT MKT IDX. And the s&p 500 is large cap, and genera...
by benevo
Wed Apr 05, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

Re: How is my situation? Becoming a Boglehead!

bloom2708 wrote:Can you post all the available 401k options with the Expense Ratios?


I've added it to the bottom of my original post.

Thanks all for the replies, this is great! :)
by benevo
Wed Apr 05, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1486

How is my situation? Becoming a Boglehead!

Good morning! :) I've been interested in better managing my finances for a while now, and am fascinated and interested in the Boglehead theory. I wanted to share my current financial information and some short-term financial goals I have - and would greatly appreciate any thoughts or suggestions. I ...

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