Search found 43 matches

by schwank
Fri Oct 30, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: US Bank Paying Down Loan with my Escrow Account During Refi
Replies: 17
Views: 924

Re: US Bank Paying Down Loan with my Escrow Account During Refi

I recently closed with loandepot, paying off an existing US Bank mortgage and did not see anything like what you describe. I did have to pay the new escrow up front as it was within a month of property tax due date, but within 2 weeks I had a check from USB for the entire balance of my existing escr...
by schwank
Thu Oct 01, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7964
Views: 555480

Re: Refinance Mega Thread

Overall I was happy with LoanDepot. Applied 8/17, closed 9/24, my old loan was paid off today 10/1. That included an in person appraisal. Communication was good overall. Minor change for cash due at closing based on due date for taxes, but it will pencil back out to no closing costs once my existing...
by schwank
Thu Sep 24, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7964
Views: 555480

Re: Refinance Mega Thread

How soon someone from Loan Depot will contact me after I filled out the application online? I did it on 9/22 evening, but haven't heard anything yet. It took like 2 hours for me, I filled it out on 8/17 and was locked that afternoon. I'm signing docs this evening on a 15@2.375 with nothing due at s...
by schwank
Sat Sep 12, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7964
Views: 555480

Re: Refinance Mega Thread

Interesting, we locked 8/17 with LD, have completed the appraisal, and they were able to e-verify my income so we're already through underwriting and in processing. They were implying close by end of this month. My 15 is at 2.375 (slightly higher lender credits) but would love it lower! Doubt they w...
by schwank
Tue Aug 18, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7964
Views: 555480

Re: Refinance Mega Thread

In return for all the data in this thread I offer my own experience... I cross shopped BankRate, better.com, Quicken Loans, aimloan.com, loandepot.com, and LenderFi. Today I locked the following (escrow included) through LoanDepot. My rep was really straightforward and optimized the approval process...
by schwank
Mon Mar 16, 2020 3:54 pm
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8447

Re: Who is continuing to buy as planned?

Still sticking to monthly 401k purchases, though for now I have set the investment allocation to 100% VTI. I did tax gain harvest for my minor child back in December and January, so I think I will TLH now to take her back to zero net income on the year.
by schwank
Tue Mar 03, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47424

Re: 30 year mortgage under 3%

Really looking forward to rate changes after todays cut.

LenderFi showing 2.5% 15yr refi with about 3k due at closing. Nice savings from my 10/1 ARM from October 2018!
by schwank
Thu Jun 06, 2019 8:10 pm
Forum: Personal Investments
Topic: How would you invest a lump sum of 3 million dollars in today's market?
Replies: 50
Views: 6498

Re: How would you invest a lump sum of 3 million dollars in today's market?

CnC wrote: Thu Jun 06, 2019 8:01 am I would personally hold 70-30 or 80-20 with a 500k emergency fund in a rotating 4 year bond ladder 125k due each year.

This 500k would be part of your fixed income holdings.
You saved me the typing... I would basically do this as well.
by schwank
Tue May 28, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Home Lab for start in IT Career
Replies: 27
Views: 2511

Re: Home Lab for start in IT Career

As an AWS employee, I say forget the rig and go cloud. You have access to way more technologies with less. spin up time, and can run thousands of hours of random resources for the same money as that rig. A basic Linux laptop with a browser and command line is sufficient. A Cloud Guru, Cloud Academy,...
by schwank
Fri Apr 19, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 119
Views: 9907

Re: In which companies do you own a single share, or token amount, of stock?

19 years ago I was not long out of school, working at a software startup. I had just started investing my own money, and had made a few bucks on AAPL when the gumdrop iMac was a success. I took a $300 and invested in 100 shares of a small company making tech for traffic and traffic enforcement autom...
by schwank
Wed Apr 03, 2019 4:23 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 19126

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

My employer (FAANG) has thousands of open jobs and as someone intimately involved in the process, I will attest that ageism is not a factor. in fact we are looking for highly experienced candidates. The majority of my immediate Org is in their 40s and 50s. Ultimately it depends on skill set. Tech ro...
by schwank
Fri Mar 01, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Trying to understand how I got hit with such a big amount in taxes owed
Replies: 40
Views: 6034

Re: Trying to understand how I got hit with such a big amount in taxes owed

I feel OPs pain, I'm in the same boat here. Between 22% withholding on RSUs (over half my compensation in 2018) and cap on SALT (9.9% state tax rate) I got hammered as well. Due to the cap we're also only getting the standard deduction. Economists are concerned about slowing consumer spending... I k...
by schwank
Wed Feb 27, 2019 6:05 pm
Forum: Personal Investments
Topic: SIMPLE IRA and backdoor Roth conversions?
Replies: 5
Views: 487

Re: SIMPLE IRA and backdoor Roth conversions?

Yeah it stinks but that SIMPLE IRA is a backdoor blocker. I am in a similar situation as my former employer only offered SIMPLE and I have significant holdings there, luckily in Vanguard ETFs. My current employer (large tech company) won't accept SIMPLE or Rollover IRA contributions into 401k so I a...
by schwank
Tue Feb 12, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 12484

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

Bought a new Toyota in December, Costco was cheaper and easier than True car. No annoying sales calls from Costco either. Dealer GM said Costco is typically the cheapest option, and it also mandates any dealer add-ons like nitrogen or door edge guards are included in the base price.
by schwank
Sun Jan 20, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Do any of you guys have a good on-line wine store?
Replies: 12
Views: 1124

Re: Do any of you guys have a good on-line wine store?

It's going to depend on what state you are in, many have restricted shipping and recently have stepped up enforcement.

JJ Buckley is reliable with good selection and pricing. K&L wines is also very good. On the east coast Chambers Street is reliable.
by schwank
Fri Jan 11, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 11157

Re: Who's flying?

Flew two days this week in OR, WA, UT with no indication of differences from my normal travel experiences. That's using TSA precheck, but lines did not look inordinately long for regular passengers either.
by schwank
Wed Dec 26, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Nice jeans for work with lowest average cost of ownership
Replies: 107
Views: 8452

Re: Nice jeans for work with lowest average cost of ownership

Techie here, jeans and polo / button up is standard wardrobe at AMZN, even meeting with customers. I wear Lee and Levi's bought online. Also have some Gap bought with delayed luggage funds. None are particularly high quality but wear reasonably well with low replacement cost. Definitely not the same...
by schwank
Wed Dec 26, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 50996

Re: Who's buying today? where's all the "dry powder" folks at? :)

Had 2% cash holdings in one of my pretax accounts, moved that in to VTI this morning at Monday's closing price. Not really timing, just had some dividends and bought the dip for a nice little 5% bump today. Will continue moving money in through Q1 as some RSUs vest. DCA accumulation all the way to r...
by schwank
Sun Oct 28, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 43
Views: 4743

Re: Does your Capital One 360 reimburse international ATM?

My usage of it overseas a couple of months ago resulted in reimbursed ATM fees as well as no international usage fee (unlike the Fidelity Cash Management card). That's has not been my experience... I was in London last week and pulled 200£ at Heathrow via Fidelity Cash Management. I've already been...
by schwank
Wed Aug 08, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to Respond to a "Proposed Amount Due" Notice From IRS
Replies: 15
Views: 2333

Re: How to Respond to a "Proposed Amount Due" Notice From IRS

I got one due to stock based comp and how it was taxed. It was included as w2 income with a specific callout about rsu totals, and the docs from the plan adminstrator were marked as no tax withheld. I provided a written response and documentation. After about a month I got a letter saying it was und...
by schwank
Tue Jun 05, 2018 3:05 pm
Forum: Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1785

Re: Do you change your AA in discrete chunks or gradually?

If I was going to do it by selling shares, I'd just do it all at once to minimize the hassle and any applicable transaction costs. However I don't rebalance that way, I do it by changing the allocation of new inbound money. Just overweight the new funds to tilt your overall allocation back to the de...
by schwank
Fri May 25, 2018 12:13 pm
Forum: Personal Investments
Topic: Switching jobs, what to do with 401k
Replies: 13
Views: 2001

Re: Switching jobs, what to do with 401k

Definitely hold it in the existing plan while you evaluate options. When I was younger and dumber, I rolled my first 401(k) into a Rollover IRA. Now my income is too high for a Roth, and my current employer won't accept Rollover IRA (or my Simple IRA from another employer) even though it is pre-tax ...
by schwank
Wed May 23, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account or Brokerage account for child?
Replies: 20
Views: 1938

Re: Bank account or Brokerage account for child?

I have a Fidelity custodial brokerage account for my daughter. Not using it for college but as a place to invest the gifts she receives. Have it 100% in ITOT, and she's already seen good appreciation in the last 2 years. She is not old enough to have any clue, but she does say she's going to use her...
by schwank
Wed May 23, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 8213

Re: How have you upgraded your wardrobe?

You guys just cost me a couple hundred bucks on clothes based on some links in this thread. I may be a computer nerd but still need some sport coats to wear with jeans on occasion. That dappered site is dangerous! Sorry man. I think that was me who gave that website. I'm at the point where my wardr...
by schwank
Wed May 23, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 8213

Re: How have you upgraded your wardrobe?

You guys just cost me a couple hundred bucks on clothes based on some links in this thread. I may be a computer nerd but still need some sport coats to wear with jeans on occasion. That dappered site is dangerous!
by schwank
Tue Mar 06, 2018 1:03 am
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 95
Views: 11577

Re: AAPL, AMZN, or GOOG?

I work for one of the 3, so that's who I am pulling for. But I take my RSUs and invest in VTI/ITOT. :beer
by schwank
Thu Feb 08, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Are Banks Worthless [to invest equity in]?
Replies: 32
Views: 3474

Re: Are Banks Worthless?

1) Watch the people bragging about only having an online account come complaining when they need a medallion signature guarantee. The medallion signature guarantee has always seemed to me to be a bit of a racket, but it is what it is, and when you need one, you need one. The one time I needed the m...
by schwank
Sat Jan 20, 2018 5:45 pm
Forum: Personal Investments
Topic: Did you change your IPS when you discovered you were going to have kids?
Replies: 8
Views: 1226

Re: Did you change your IPS when you discovered you were going to have kids?

Our daughter was born in 2015 when we were roughly the same age and financial status. I bumped our planned retirement age from 55 to 60 to allow for additional accumulation in the face of anticipated education and other costs. We also do a bit less DINK type activities these days saving some cash fl...
by schwank
Sat Dec 16, 2017 12:15 am
Forum: Personal Finance (Not Investing)
Topic: anyone been able to connect Wells Fargo Mortgage to Mint.com?
Replies: 8
Views: 9913

Re: anyone been able to connect Wells Fargo Mortgage to Mint.com?

Mine seems to work ok. I'm about 4 years into a 15, and Mint seems to pick up my monthly payments ok. No MFA though.
by schwank
Fri Nov 10, 2017 11:44 pm
Forum: Personal Consumer Issues
Topic: Coffee makers: Moka, French Press, etc.
Replies: 64
Views: 6966

Re: Coffee makers: Moka, French Press, etc.

A good Bodum glass French press has served me well for many years. I do love espresso drinks and work from home at least half time, so I did a non-Boglehead thing and bought a proper double boiler Breville. Worth every penny as I live in a land of great coffee and I can get so any great bean options...
by schwank
Fri Sep 29, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 10609

Re: Question: Why do people put/keep millions of dollars in investment accounts?

I know a guy who spent most of his savings on booze and women, and then wasted the rest of it. That's not much of an alternative. Don't forget fast cars ;) My women are my wife and daughter, but the cars are more numerous. Neither the cars nor the alcohol are boglehead, but if you are adequately fu...
by schwank
Mon Aug 28, 2017 12:39 pm
Forum: Personal Investments
Topic: Investing toddler's cash
Replies: 13
Views: 1784

Re: Investing toddler's cash

I set up a Fidelity UTMA account for my infant daughter, and I use that account to deposit all cash gifts that she receives from family. I have that account 100% invested in ITOT. I record each gift in a ledger so she can see it as she gets older, and learn about the time value of money. I hope thos...
by schwank
Sun Aug 06, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1246
Views: 166791

Re: A poll: How much money do you want to retire?

Great thread that somewhat reinforces our personal plan. 40 now, targeting $2.5MM in today's dollars by age 56 when our child is 18. That assumes a paid off primary residence and a separate college fund. I'm currently fully funding an HSA as well to offset future medical costs. I'm not including SS ...
by schwank
Sun Apr 02, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: running tax software on Linux using Windows virtual machine
Replies: 27
Views: 4330

Re: running tax software on Linux using Windows virtual machine

I'm a little late to this party, but I run TurboTax in a Windows 10 VM on my Linux Mint machine using VirtualBox. I've been working this way for a few years now with no issues. Nothing special is required, just install everything as normal. For durability I save the actual files to a NAS device rath...
by schwank
Wed Mar 08, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Where to buy rare steaks?
Replies: 67
Views: 7093

Re: Where to buy rare steaks?

Flannery in SF. Best steaks I've ever had. Watch for periodic sales and stock up.

Flannerybeef.com
by schwank
Thu Feb 02, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 84
Views: 39742

Re: Review after one month with Fidelity Cash Management

I have used Fidelity CMA for over a year and love it. Direct deposits are immediately available. I use the mobile app to deposit checks ($14k check recently deposited with no issue) and it doesn't seem the money is delayed anymore than traditional bank account. I love the ease of moving money betwee...
by schwank
Fri Jan 06, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 10714

Re: Are Younger people funding 529 Plans?

Late 30s with a toddler here. No 529 as the tax offset isn't enough to deal with the lock-in of funds. My state recently gave everyone 2 years of CC at no cost, and who knows what the education system will look like in 15+ years. I am setting aside college funds monthly, but in a post-tax brokerage ...
by schwank
Mon Dec 19, 2016 12:07 pm
Forum: Personal Consumer Issues
Topic: Omaha Steaks....Who else for mail-order steaks?
Replies: 26
Views: 6834

Re: Omaha Steaks....Who else for mail-order steaks?

Flannery Beef ( https://www.flannerybeef.com/ ) in San Fran is stellar. The aged Ribeye is great, and the filet tails are a great deal. The burger blends are also very good and you can make you own mix as well. Not cheap, but worth the money without question. My wife and I generally split a 16oz age...
by schwank
Sun Nov 20, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone trade with their Fidelity Cash Management Account?
Replies: 19
Views: 6987

Re: Anyone trade with their Fidelity Cash Management Account?

I have been a Fidelity customer for some time and a bit over a year ago my wife and I replaced our 'regular' US Bank checking account with the Fidelity CMA. The fees are lower in general, and the ATM fee refunds are awesome. We use direct deposit for our paychecks and also autopay some bills from th...
by schwank
Mon Aug 01, 2016 10:30 pm
Forum: Personal Investments
Topic: RSU's vesting, looking for advice. New to Boglehead mindset!
Replies: 12
Views: 2644

Re: RSU's vesting, looking for advice. New to Boglehead mindset!

Agreed, you pay tax at vesting so the money is yours. Would you buy your company stock with free cash? If not, sell and use the money as you see fit. The general recommendation here is to invest according to your normal AA.
by schwank
Tue Feb 23, 2016 4:05 pm
Forum: Personal Investments
Topic: Retirement acct consolidation and future planning
Replies: 1
Views: 419

Retirement acct consolidation and future planning

After some life changes in 2015 (first child, snazzy new job) we are looking to simplify our retirement account profile for easier management and to enable more investment options moving forward. Background: I am 38 and she is 37, filing jointly. I work full time and she is currently on maternity le...
by schwank
Sun Jul 19, 2015 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Job - Simple IRA rollover and matching question
Replies: 7
Views: 1317

Re: New Job - Simple IRA rollover and matching question

Thanks for confirming my analysis. Sounds like I should be planning to keep the Simple going until I get the match before rolling it over.
by schwank
Sat Jul 18, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: New Job - Simple IRA rollover and matching question
Replies: 7
Views: 1317

New Job - Simple IRA rollover and matching question

Long time lurker, first time poster. :beer I use a variation of the three ETF portfolio with the addition of some real estate exposure via a 7% holding of VNQ. It has done fairly well for me and I appreciate the low stress of not having to manage individual holdings, especially during these times of...