Search found 60 matches

by jason1122
Fri Jun 11, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Consolidate 401k's to Vanguard Roth IRA?
Replies: 5
Views: 427

Re: Consolidate 401k's to Vanguard Roth IRA?

lakpr wrote: Fri Jun 11, 2021 9:39 am
If you have retained the W-2 forms for those past years, look in Box 12. If the code there is "D", then it was a pre-tax contribution. If the code there is "AA", then it was a Roth contribution.
Thank you so much!
by jason1122
Fri Jun 11, 2021 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Consolidate 401k's to Vanguard Roth IRA?
Replies: 5
Views: 427

Re: Consolidate 401k's to Vanguard Roth IRA?

Trying now to finally consolidate 401ks from previous employers. From everything I hear Vanguard stuff is a good option. Anyone else do this or have any advice? If you are consolidating to a Vanguard Roth IRA and you contributed to the 401k plan on a pre-tax basis, you do realize that you would owe...
by jason1122
Fri Jun 11, 2021 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Consolidate 401k's to Vanguard Roth IRA?
Replies: 5
Views: 427

Consolidate 401k's to Vanguard Roth IRA?

Trying now to finally consolidate 401ks from previous employers. From everything I hear Vanguard stuff is a good option. Anyone else do this or have any advice?
by jason1122
Thu May 20, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10578
Views: 782956

Re: Refinance Mega Thread

flyonnylon wrote: Wed May 19, 2021 9:59 pm Was working with BoA for a 30 yr fixed refi at 2.875 but they were a bit of hassle so checked out Better and today locked in 2.375 30 yr fixed.
Can I ask how much you're paying to get 2.375?
by jason1122
Wed May 19, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10578
Views: 782956

Re: Refinance Mega Thread

Working on this offer from Quicken after they matched a similar one from Better. Right now we're at 3.75/30yr with 393,000 remaining - so this would save us quite a bit: Loan Amount: 402,000 Rate: 2.75/ Apr: 2.78 Monthly Principal and Interest: 1641 Mortgage Insurance: 34 (falls off after 2 years) E...
by jason1122
Mon May 17, 2021 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance with Quicken? Advice please!
Replies: 0
Views: 371

Refinance with Quicken? Advice please!

So I've shopped around and Quicken so far has given me a good quote. I don't want to quibble too much but if the agent wasn't so pushy I would have already submitted everything. She's telling us we have a "courtesy lock" on our rate. On the loan quote it says we're locked until 6/28 and th...
by jason1122
Tue May 11, 2021 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help Comparing two Refi Quotes
Replies: 5
Views: 398

Re: Help Comparing two Refi Quotes

You really need to review and understand the Loan Estimate form from each lender. So ... quote 1 is from Better.com and quote 2 is from Lenderfi. Both companies seem to get good reviews on this forum - but when I look at better business bureau and yelp they get hammered. I'm thinking of paying a li...
by jason1122
Tue May 11, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help Comparing two Refi Quotes
Replies: 5
Views: 398

Help Comparing two Refi Quotes

We have 393 left on our mortgage -> orginal rate 3.75. Quote: 1 Loan Amount: 400,282 (I can't figure out why this is 7k more than what we owe now!) Rate: 2.75/ Apr: 2.82 Credits: 2982 Monthly Principal and Interest: 1634.11 Mortgage Insurance: 63 Estimated Escrow: 596 Estimated Closing Costs: 3405 E...
by jason1122
Sat May 08, 2021 11:31 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of refinance after conditional approval?
Replies: 1
Views: 249

How to get out of refinance after conditional approval?

Bottom line is I want to get a better deal at a different lender. I'm at conditional approval with lender.A and wan to go with lender.B since I'll save more money. Any downside to this (other than moral?).
by jason1122
Mon May 03, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help Understanding ReFiance Quote
Replies: 3
Views: 262

Re: Help Understanding ReFiance Quote

This is a no brainer. Do it. You’re paying $1074 (line D) in upfront costs to reduce your interest rate on a $400k loan by 1%. Interest savings in the first year is about $4k. So your payback period is about 3 months. That’s exceptionally quick for a refinance. Just do it. Thanks. That's sort of wh...
by jason1122
Mon May 03, 2021 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help Understanding ReFiance Quote
Replies: 3
Views: 262

Help Understanding ReFiance Quote

Hey all I've got the following 30y fixed quote from better.com and just want to run it by the forum since this is my first refi and 2nd time with mortgage. Our original loan was November 2019 for around 405,000 > Outstanding Principal: 393,788 Interest Rate: 3.75 Here's the terms of the quote which ...
by jason1122
Fri Apr 30, 2021 10:28 am
Forum: Personal Finance (Not Investing)
Topic: File A Claim from a storm seven months ago?
Replies: 4
Views: 572

File A Claim from a storm seven months ago?

We have AllState and I'm in the process of moving our policy to State Farm. There was a big storm seven months ago and a bunch of my neighbors got new roofs. We were going through some intense family dysfunction and just didn't do our due diligence on our 5yo roof. I don't "think" there's ...
by jason1122
Fri Apr 30, 2021 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Ok to contact more than one State Farm Rep?
Replies: 5
Views: 412

Ok to contact more than one State Farm Rep?

My dad always had State Farm and I need to get a home/auto bundle. Can I contact more than one state farm rep to get quotes?
by jason1122
Thu Apr 29, 2021 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10578
Views: 782956

Re: Refinance Mega Thread

What's the general mood in here on better.com? Locked into a 30 year 3.75% in November 2019. It seems to me like I'm paying too high compared to standard rates. Better.com gave me the best estimate so far: 2.75 rate with 1k in lender credits. Total loan costs: $1k Other costs (taxes, prepaids, initi...
by jason1122
Thu Apr 29, 2021 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Make Sense to Refi?
Replies: 11
Views: 1050

Re: Make Sense to Refi?

3. Apply with Better.com as they have a very good interface. Regardless of whether you go with them or not, their system gives a very transparent view into the cost to refinance, play with rates, etc... It tends to make things more clear than other lenders that use non-standard views. An official L...
by jason1122
Thu Apr 29, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Make Sense to Refi?
Replies: 11
Views: 1050

Re: Make Sense to Refi?

Thanks for the advice. I think the thing that's always holding me up is that I always get some initial ballpark number that's awesome. Is that because we only initally put 5% down? Then when I actually submit the details - all the real costs make the deal not worth it.
by jason1122
Wed Apr 28, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Make Sense to Refi?
Replies: 11
Views: 1050

Re: Make Sense to Refi?

Thanks all - here's a quote I got today. Does this mean I'd have to pay about 10k in closing costs to get this at 3%?
Image
by jason1122
Tue Apr 27, 2021 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Make Sense to Refi?
Replies: 11
Views: 1050

Make Sense to Refi?

I locked into a 30 year 3.75% in November 2019. It seems to me like I'm paying too high compared to standard rates, but my research tells me I still have to put 3-6% of the loan amount down to do a refi. Would love a lower rate but don't think I can afford the percentage of my loan amount all over a...
by jason1122
Tue Apr 13, 2021 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Parent's 3 unit property after move to nursing home
Replies: 3
Views: 443

Parent's 3 unit property after move to nursing home

Mom and dad recently moved into a fairly affordable nursing home. We're wondering no what do with our old house/condo. While the NH is currently affordable and within their budget - there may come a time when they're moved to memory care which will then drain their finances pretty quickly. I'm not s...
by jason1122
Wed May 20, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1079

Re: Laid off job 1 and have to quit job 2 - How to File for UI

Having had a career in the Law while disabled, I've had my share of turmoil with employers, and wanted to add my thoughts on this point. You may be exaggerating the difference between being fired and resigning under pressure. I've completed questionnaires, possibly for a state bar exam application,...
by jason1122
Wed May 20, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1079

Re: Laid off job 1 and have to quit job 2 - How to File for UI

Laid off part-time job #1 out-of-state contract work (3 years) and have to quit in-state part-time job #2 (3 months). Me and the job #2 boss had our relationship just become untenable after the pandemic and she's saying she won't lay me off or furlough me because of a grant that she's got. Hoping t...
by jason1122
Wed May 20, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1079

Re: Laid off job 1 and have to quit job 2 - How to File for UI

I agree with the above replies. If you quit, you will not get UI. They can tell you all they want that they want you to resign but if you don't do so, all they can do is pay you or terminate you. And if they terminate you, you then file for UI regardless of what they say the reason is (for instance...
by jason1122
Wed May 20, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1079

Re: Laid off job 1 and have to quit job 2 - How to File for UI

Why not stay on at job 2 until the checks stop showing up? This. You don't have to quit but they have to keep paying you until they release you. If you resign you are giving them what they want and putting yourself in a bad position for UI. So I have no knowledge of any this, but I just assumed I w...
by jason1122
Wed May 20, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1079

Laid off job 1 and have to quit job 2 - How to File for UI

Laid off part-time job #1 out-of-state contract work (3 years) and have to quit in-state part-time job #2 (3 months). Me and the job #2 boss had our relationship just become untenable after the pandemic and she's saying she won't lay me off or furlough me because of a grant that she's got. Hoping th...
by jason1122
Mon Mar 09, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life: Lincoln National vs Pacific Life
Replies: 15
Views: 748

Re: Term Life: Lincoln National vs Pacific Life

simplesimon wrote: Mon Mar 09, 2020 12:25 pm Both companies are very strong. I would consider other factors like who would give you a better rating and lower price.


Yep Lincoln is going to give us better rating and lower price - I just read some bad stuff about them
by jason1122
Mon Mar 09, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life: Lincoln National vs Pacific Life
Replies: 15
Views: 748

Re: Term Life: Lincoln National vs Pacific Life

Nate79 wrote: Mon Mar 09, 2020 11:44 am Who is cheapest? Did you shop thru term4sale or Zander?
Lincoln is cheaper - yes went thru term4sale
by jason1122
Mon Mar 09, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Term Life: Lincoln National vs Pacific Life
Replies: 15
Views: 748

Term Life: Lincoln National vs Pacific Life

Looking for 20 term. Any opinions on these companies much appreciated.
by jason1122
Thu Feb 27, 2020 2:05 pm
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2492

Re: Help w Fed Employee TSP C Fund

Any Federal employees in here? My 401k is all TSP C Fund and I'd like to temporarily switch to something with less risk until the coronavirus threat passes. I know you're supposed to just ride the wave here - and usually that's what I've always done - but I feel like this time I'd like to move forw...
by jason1122
Wed Feb 26, 2020 11:47 am
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2492

Re: Help w Fed Employee TSP C Fund

Jerry55 wrote: Tue Feb 25, 2020 11:48 pm Most of all......Enjoy the ride ! :sharebeer
Whoa thanks for the advice there. What's crazy is I didn't even know much about my 401k so at least I'm learning now!
by jason1122
Wed Feb 26, 2020 11:39 am
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2492

Re: Help w Fed Employee TSP C Fund

This is wild. I can't believe how many people are bailing out over a 5% drop. What did you people do in December 2018 when the market dropped 20%? Were you glad you did it? Why do you think this is any different? I think this is different because we may get hit by an influenza pandemic. I'm a hope ...
by jason1122
Tue Feb 25, 2020 4:18 pm
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2492

Re: Help w Fed Employee TSP C Fund

well i guess ride the wave it is - thanks for the comments above
by jason1122
Tue Feb 25, 2020 2:39 pm
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2492

Help w Fed Employee TSP C Fund

Any Federal employees in here? My 401k is all TSP C Fund and I'd like to temporarily switch to something with less risk until the coronavirus threat passes. I know you're supposed to just ride the wave here - and usually that's what I've always done - but I feel like this time I'd like to move forwa...
by jason1122
Thu Nov 07, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good mortgage deal?
Replies: 19
Views: 2905

Re: Is this a good mortgage deal?

So thanks everyone for advice! Here's an update. I called around and got a quote from Lender B. Lender A (the quote above) was all incredulous and little angry that I was asking him why he was charging me a rate lock fee/points. He wouldn't budge until I sent him the new quote from Lender B. He agre...
by jason1122
Wed Oct 23, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: 1st Time Homebuyer - Need Radon Contingency?
Replies: 11
Views: 1320

1st Time Homebuyer - Need Radon Contingency?

So the sellers have gotten a radon test and it came back high (9.3). They say they're going to hire someone to install mitigation system. The inspection window in our purchase agreement closes in three days so not enough time to install and test. Should I ask our realtor to insert some kind of langu...
by jason1122
Mon Oct 21, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good mortgage deal?
Replies: 19
Views: 2905

Re: Is this a good mortgage deal?

Thanks all, great advice! Quick question: How do you get lender credits?
by jason1122
Sun Oct 20, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good mortgage deal?
Replies: 19
Views: 2905

Is this a good mortgage deal?

I don't have a lot of folks I can talk to about this. I feel like an idiot, I just went with the lender my realtor recommended. He didn't walk us through what "points" are or what "APR" is. We just talked about the interest rate. There was no discussion of points and I don't know...
by jason1122
Tue Oct 23, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1710

Re: Withdraw 401k for Down Payment

Flyer24 wrote: Tue Oct 23, 2018 10:35 am A kid in kindergarten is still young enough to adjust to new friends. Don’t let that influence a major life decision. If they were in high school then that might be a different story.

Thanks good advice
by jason1122
Tue Oct 23, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1710

Re: Withdraw 401k for Down Payment

Jack FFR1846 wrote: Tue Oct 23, 2018 9:57 am It's 10% plus the federal and state income taxes. Being conservative, expect you'll end up with half of what you take out. Not a good thing to do.
Ugh - so there's taxes on top of the 10% :(
by jason1122
Tue Oct 23, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1710

Re: Withdraw 401k for Down Payment

Why are you in such a rush to buy a house in a "hot/seller's real estate market" by raiding your 401k? Great question. We've been here almost two years and have been renting waiting for things to settle down - and they haven't settled down. The biggest reason is that my oldest starts kind...
by jason1122
Tue Oct 23, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 24
Views: 3983

Re: Trust vs Will Gotchas

Because EVERYTHING is in the trust. Thus, you have to re-title the house over to be trust property, bank accounts, taxable accounts. This is important. Otherwise, you'll be in probate anyway. Also, update beneficiary info on retirement accounts. Thanks. Quick update: I just don't think anyone in ou...
by jason1122
Tue Oct 23, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1710

Withdraw 401k for Down Payment

So let me start by saying I'm a total noob to this stuff. My spouce the big earner in our family and has a super-stable career. I've had several employers over the past decade and as a result have a three small 401ks: 30k, 14k and 13k. I'm no longer with any of those employers. We recently moved and...
by jason1122
Tue Mar 20, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 24
Views: 3983

Re: Trust vs Will Gotchas

Trust and will docs have been prepared by our lawyer and we've yet to sign them. I'm just trying to figure out what they are exactly - I'm meeting with the lawyer to review everything next week.
by jason1122
Tue Mar 20, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 24
Views: 3983

Trust vs Will Gotchas

My parents are in Iowa and have modest assets - around 300k each with house that's paid off. Both mom and dad's health aren't doing so good so we went to lawyer who has drawn up a will and revocable trust for both. Mom's health is particularly bad and she's facing some crazy nursing home costs once ...
by jason1122
Wed Nov 22, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease Gotchas
Replies: 41
Views: 6114

Re: Car Lease Gotchas

Thanks everyone for the great replies! It was good to read through this - especially Watty's reply. I think if we didn't have kids - a lease might not be a bad idea - but the nay-sayers are right a bit - I can't count how many times my children have chucked stuff at our car. When I look at our prese...
by jason1122
Tue Nov 21, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease Gotchas
Replies: 41
Views: 6114

Car Lease Gotchas

This isn't a lease vs buy question so much as it is -well I don't know the first thing about leasing. We own a 2014 Forester but we need to trade that car in for something bigger cause of growing fam. We like Subaru and had a good experience with this dealer and car. So we're going to wait a year or...
by jason1122
Mon Jun 05, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Good Travel Card for People who Don't Travel
Replies: 5
Views: 1185

Good Travel Card for People who Don't Travel

Total travel card/points newb here. For a long list of reasons travel for my wife and I is not doable for at least a year or two. That being said - I'd like to get a travel credit card that we can set up for bills/autopay/amazon and kind of forget about for a couple years. Then when we want to plan ...
by jason1122
Wed Jan 25, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Moving into a rental before current occ closes
Replies: 9
Views: 1127

Moving into a rental before current occ closes

So we just signed a lease yesterday to rent a house which we were told would be available March 1. Then we found out that the current occupant is buying and moving into a new house - but that he has yet to "close" on said house. An offer has been accepted, but he has not closed. He told th...
by jason1122
Wed Jan 04, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy vs. Lease Option Minneapolis
Replies: 11
Views: 1487

Re: Rent vs. Buy vs. Lease Option Minneapolis

sdsailing wrote:Also, you say you don't have a down payment, perhaps it is worth reflecting on why that is ....
Good point. Sometimes it's nice to have the obvious drawn out into the light.
by jason1122
Wed Jan 04, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy vs. Lease Option Minneapolis
Replies: 11
Views: 1487

Rent vs. Buy vs. Lease Option Minneapolis

My wife got a new job in Bloomington MN. We've been living in Chicago for some time and we're both a bit burnt out on the city and now we've got two kids. We were thinking about renting for one to two years in the SW Minneapolis suburbs and here's why: 1. She has a great job making over 100k but I'm...
by jason1122
Tue Jan 03, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing Homes and Estate Planning
Replies: 11
Views: 1731

Re: Nursing Homes and Estate Planning

So my dad probably is going to resist telling us everything he has - but I'm thinking if I can get my hands on their joint tax return - would that be a complete accounting of everything they have? Their tax returns will not contain a complete accounting of their financial assets, but if they have m...