Search found 15 matches

by bwthomp
Mon Oct 05, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrating Refi
Replies: 0
Views: 345

Frustrating Refi

So been going with ally for a refi after they beat a comparison with better.com. I know they use the same title services and software for loans. Everything moved pretty quick until we got to the title report when surprisingly they asked about two income tax liens supposedly associated with me that I...
by bwthomp
Tue Sep 15, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Question - help deciding
Replies: 21
Views: 911

Re: Refi Question - help deciding

Thank you. I continue to welcome other's thoughts as well. What's the process of backing out and switching? you just tell the first company you are moving on?
by bwthomp
Tue Sep 15, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Question - help deciding
Replies: 21
Views: 911

Re: Refi Question - help deciding

This is a comparison of costs from the loan estimates.
by bwthomp
Tue Sep 15, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Question - help deciding
Replies: 21
Views: 911

Refi Question - help deciding

So I'm in the process of refinancing a home I purchased last year. I locked a rate with ally at 3% earlier this week 30 year mortgage, $1000 credits and likely to waive appraisal. They said "met requirements to waive appraisal" and holding onto appraisal fee for moment just in case then adding in ba...
by bwthomp
Mon Mar 09, 2020 8:38 pm
Forum: Personal Investments
Topic: Two Questions - Rollover and an Inherited IRA
Replies: 5
Views: 268

Re: Two Questions - Rollover and an Inherited IRA

1. I am doing a backdoor Roth. I figured if I did a rollover to and IRA and then converted to a Roth it wouldn’t effect my backdoor Roth’s as by end of year id have no money in a traditional IRA. As far as tax consequences, it’s a very small portion of my portfolio, less than 5%. I know it’d be taxe...
by bwthomp
Mon Mar 09, 2020 7:46 pm
Forum: Personal Investments
Topic: Two Questions - Rollover and an Inherited IRA
Replies: 5
Views: 268

Two Questions - Rollover and an Inherited IRA

Two Separate Issues: 1. I have an old 401k from previous employer. With the recent drop in the market I figure now might be a good time to roll it over to an IRA and then do a Roth conversion. It would minimize my taxes compared to doing it 2 months ago. Then when the markets return (the market will...
by bwthomp
Tue Jun 28, 2016 2:55 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting
Replies: 5
Views: 677

Tax Loss Harvesting

I've been thinking about my tax loss harvesting in my after tax investment account. When I take a loss and harvest it for tax deductions, i'm resetting my future starting point for capital gains at this new lower rate. Now when the investment grows and eventually sells, I then have a greater amount ...
by bwthomp
Tue Jun 28, 2016 2:52 pm
Forum: Personal Investments
Topic: Clark Howard - Whole Life
Replies: 7
Views: 1564

Clark Howard - Whole Life

I have made it a general rule in life to avoid any life insurance that isn't standard level term life insurance. I keep my insurance and investments separate. One of my favorite personal finance radio shows to listen to is Clark Howard. I think he really is looking out for what's best for his listen...
by bwthomp
Wed Jun 15, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 23321

Re: Any Porsche 911 owners here?

Had a Porsche 911 S that I just recently sold. The car was fantastic to drive. But when I added up all the extra costs (more insurance, regular maintenance costs that were multiple times more than a normal vehicle, oil change 200+, front brake pads and rotors 1500+, tires 300-400 each) it just didn'...
by bwthomp
Thu May 26, 2016 6:59 am
Forum: Personal Investments
Topic: Options after 401k? AND What's the value of tax deferment?
Replies: 11
Views: 1393

Re: Options after 401k? AND What's the value of tax deferment?

I guess no one could argue that it's not extremely valuable! Thank you!
by bwthomp
Wed May 25, 2016 9:33 am
Forum: Personal Consumer Issues
Topic: Anyone bought a new bed recently? [Mattress]
Replies: 59
Views: 13610

Re: Anyone bought a new bed recently? [Mattress]

We love our Casper mattress, had it about a year. Reasonably priced.
by bwthomp
Wed May 25, 2016 8:16 am
Forum: Personal Investments
Topic: Options after 401k? AND What's the value of tax deferment?
Replies: 11
Views: 1393

Options after 401k? AND What's the value of tax deferment?

Two questions: 1. After maxing out personal contribution of 18K and a small employer match (5K), and doing a backdoor ROTH IRA for my spouse and I, what are the next options for saving for retirement? (this gets to 33k/y) Based on my income I would need to save more to have a proper amount for retir...
by bwthomp
Sun May 22, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is this crazy? [Considering new job with pay cut]
Replies: 11
Views: 2435

Is this crazy? [Considering new job with pay cut]

I'm considering taking a job that would be a 30% pay cut for two years, but then 30% pay increase from current job. Is this too big a risk to take? Necessarily vague details 1. Current job is corporate owned. New job is partnership. I would rather work in a partnership environment. 2. Requires move....
by bwthomp
Thu Feb 25, 2016 6:10 pm
Forum: Personal Investments
Topic: Poor choices in 401ks
Replies: 13
Views: 1908

Poor choices in 401ks

How does everyone handle the poor mutual fund choices in their 401ks? I have an old 401k that I can't yet roll-over, a new 401k, and my wife's 401k. In every single one, the only index fund is the S&P500 with a low cost. All the other funds fit a category as bonds, small cap, mid-cap, large cap, or ...
by bwthomp
Fri Feb 12, 2016 5:11 pm
Forum: Personal Investments
Topic: NonDeductible Traditional IRA -> Roth IRA
Replies: 2
Views: 365

NonDeductible Traditional IRA -> Roth IRA

I am ineligible for a Roth IRA due to income limits. I work full time and have a 401k that I max out. My wife works part time and has a 401k that she contributes 10% (limited by employer). She may soon stop working completely. Considering this situation: 1. Can I open a traditional nondeductible IRA...