Search found 139 matches

by amindu
Fri Apr 03, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

If you don't have any bonds, you have to decide whether it is worth borrowing money to buy more stock; you are trading the risk-free return from paying down debt for the risky return of the stock market. Whether this is a good or bad move depends on your risk tolerance. The fact that you are not ge...
by amindu
Fri Apr 03, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

Thanks for the reply. Currently do not have any bonds as we are in our 30s. Would it not be appropriate to consider that on average the markets have returned at or more than 6% over a 20 year period, and thus we would come out ahead if investing in a total market index? I understand the comparison ...
by amindu
Fri Apr 03, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

I am thinking of changing it to the 30 year however, Total Interest paid $90,611 30 year $36,897 15 year Return @ 6% 15 year - 5 year return at $1177 monthly contribution - $82K 30 year - 20 year return at monthly contribution of $440 - $200K The flip side is at the end of 20 years we still have a ...
by amindu
Thu Apr 02, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

I am thinking of changing it to the 30 year however, Total Interest paid $90,611 30 year $36,897 15 year Return @ 6% 15 year - 5 year return at $1177 monthly contribution - $82K 30 year - 20 year return at monthly contribution of $440 - $200K The flip side is at the end of 20 years we still have a m...
by amindu
Wed Apr 01, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

In any other time I would say 15 and be done with it. I may still say that if you don’t owe a ton compared to your income (not worth the hassle). But exactly right now I am having a hard time seeing long term inflation under 3%, and a 3% 30 year loan might not be a terrible idea. Just have it paid ...
by amindu
Wed Apr 01, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Re: Help decide between 15 or 30 year Refi

A few questions, 1) With the 15 year mortage would you be able to max out all of your tax advantaged accounts. 2) How many years until you plan on retiring? Hi - everything will still be maxed as the payment difference is like $40 between what we pay and the new loan amount. The additional will go ...
by amindu
Wed Apr 01, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help decide between 15 or 30 year Refi
Replies: 11
Views: 817

Help decide between 15 or 30 year Refi

Hello all, i am in the process of refinancing my mortgage and locked in a few weeks ago. I was able to secure a 15 year fixed at 2.625% with a lender credit of 3/4%. I can change that to a 30 year at 3% with a 1/2% lender credit. We are in the accumulation phase, and given what is going on in the ma...
by amindu
Thu Mar 26, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Hoping to tap the brain trust for some advice here. I have 25.5 years left on my $630k mortgage at 3.75. I am currently locked with LenderFi at 3.125/30 with 0 cost, with an expiration date of April 2. Chase currently holds the note and services the loan. (I've been extremely happy with them--great...
by amindu
Tue Mar 17, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: CNBC Contributor - Cash Out Refi and Invest
Replies: 19
Views: 1451

Re: CNBC Contributor - Cash Out Refi and Invest

Did they say which company to refi through? If you look at the rates they are all ~1% higher than the market rate. Of course you can't find anyone willing to give market rates today. I am actually in the middle of a refi but just a straight term, did not think about taking extra cash out of the hou...
by amindu
Mon Mar 16, 2020 6:34 pm
Forum: Investing - Theory, News & General
Topic: CNBC Contributor - Cash Out Refi and Invest
Replies: 19
Views: 1451

CNBC Contributor - Cash Out Refi and Invest

A contributor on CNBC from one the Investment firms, made a comment to refinance your house and take cash out and put it in the market if you have a long term investment horizon. Is this sound advice? What if you take and extra $25-$50K out of your house, it does not need to be extremely large amoun...
by amindu
Thu Mar 12, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 432
Views: 272646

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

This thread is a reminder however am i naive to think that "this is different"? 2008 was a financial crisis, this is a health crisis that as of yet has no fix. They can drop interest rates all they want that won't give us a cure. So I ask those who have been through these downturns is this not diffe...
by amindu
Mon Mar 09, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Refi - with or without points?
Replies: 0
Views: 208

Refi - with or without points?

Am i thinking about this incorrectly, i can lock a 2.125% 15 year with 1% origination, or a 2.625% with a 3/4 credit (15 year). A lot of the lenders calculate the difference in payment, but would you not also consider the interest savings in your break even analysis? If you factor that in the break ...
by amindu
Mon Mar 09, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Is it worth paying 1% origination to get the 15 year fixed at 2.125%? A lot of lenders just calculate the difference in payment and figure out the break even point, wouldn't you also calculate the interest saved on the loan amount and factor that in to see when your savings/payments would equal out?
by amindu
Sun Mar 08, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Refinance Mega Thread
Replies: 23
Views: 2050

Re: Refinance Mega Thread

MattE wrote:
Sun Mar 08, 2020 9:18 pm
NASA Federal Credit Union 15 year fixed @ 2.375% with no points. Waiting to get a quote on final closing costs but looking like the $1-$2K range.
They seem to charge a 1% origination fee, is this on top of other lender closing costs such a credit, appraisal etc ?
by amindu
Thu Mar 05, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Anyone got a good rate in NV? I'm not finding anyone who can get anywhere near 3.25% no fee, let alone 3%. And today's rate is actually higher than yesterday. NV as in Nevada? If so OneNevada Credit Union by far the lowest rate and underwriting fees ($560). I locked in a 2.5 15 year with 1/8 credit...
by amindu
Wed Mar 04, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: Can't unfreeze Equifax
Replies: 5
Views: 938

Re: Can't unfreeze Equifax

I need to temporarily unfreeze my Equifax security freeze. I attempted to logon to Equifax to enter my pin and temporarily unfreeze the account. Equifax requires my username which is my email and a password before I can get to the part where I enter the pin. - I entered the password, but they say t...
by amindu
Tue Mar 03, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Question for all, is it better to take a little higher rate to pay for lender costs/title costs in a refi or take the lowest rate with no points? I am seeing a 2.5% 15 year or a 2.625% 15 year with $1,080 credit, plus lender fees, title and insurance. Going from a 20 year 3.125%
by amindu
Tue Mar 03, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Does the 1/2% rate cut impact the mortgage rates we are currently seeing, is it better to wait until tomorrow to see if they come down before locking? Thanks.
by amindu
Tue Mar 03, 2020 10:15 am
Forum: Investing - Theory, News & General
Topic: Fed drops interest rates by 1/2 percent
Replies: 9
Views: 1227

Re: Fed drops interest rates by 1/2 percent

dumb question, i am in the process of refinancing but have not locked in does this impact mortgage rates and if so should i wait until tomorrow? Thanks.
by amindu
Tue Mar 03, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 798
Views: 76917

Re: Refinance Mega Thread

Current: 395k @ 4.125. 315 months remaining. Both options below save at least 40k in total costs over this. 20 year at 3% 2600 closing versus 15 year 2.625% 2000 closing. Mortgage professor tells me the difference is some 11k in total costs after 20 years and extra payments of $500 a month. Max dif...
by amindu
Tue Feb 25, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 273
Views: 38364

Re: 30 year mortgage under 3%

I don't know how likely a 30 year mortgage under 3% is, but we got a 2.5% 15 year mortgage back in 2013. We kept it only a year before we sold the property though. The broker who sold us our mortgage called last week. We have a 15yr at 3.125% and he said he could probably get us 2.65% right now. Wo...
by amindu
Sun Feb 23, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Suspected Turbotax bug; how to get it fixed?
Replies: 7
Views: 1209

Re: Suspected Turbotax bug; how to get it fixed?

I just spent 3 hours on the phone with various Turbotax reps, trying to figure out some irregularities in my return - which I only spotted when I reviewed the forms after Turbotax finished its error checking. I'm using the Deluxe desktop version for Mac. One case was caused by an error in Turbotax'...
by amindu
Fri Jan 17, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 133
Views: 9729

Re: Some possible luxury SUV choices to buy: Opinions?

If reliability is important to you, then none of the cars on your list are going to be as reliable as a Lexus.
by amindu
Fri Jan 17, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Top 5 Accounting Program vs. Full Scholarship
Replies: 20
Views: 2108

Re: Top 5 Accounting Program vs. Full Scholarship

There are some really good responses here, what is the career aspirations of your nephew? Does he want to be a Partner, CFO, Controller, work at a Fortune 25? Those may make a difference on where he chooses to go to school, as the top tier degree may make a difference.
by amindu
Thu Jan 16, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Discounted IVF medication programs for higher income people?
Replies: 12
Views: 1544

Re: Discounted IVF medication programs for higher income people?

Order from UK/Israel, there are a few websites that will save you anywhere from 30-40% https://www.ivfmeds.com/ (England) https://fastivf.com/ https://ivfprescriptions.com/ (Israel) Also shop around pharmacies in the U.S, pricing can differ from one to the other depending on who they have negotiated...
by amindu
Wed Jan 15, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 59970

Re: What is/ was your career and would you recommend it now?

MegaCorp Accounting. I recommend it. I work about 37-40 hours a week and my job is mostly stress-free. Pay is decent too. Downside is I'm sitting in front of a screen all day, doing cyclical tasks. You'll need a degree or two and maybe a CPA license to move up the ladder easier. +1 I'm a CPA, but I...
by amindu
Mon Jan 13, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor conversion at 2 different brokerages
Replies: 8
Views: 464

Re: Backdoor conversion at 2 different brokerages

Thanks, is my conclusion correct that on the 8606 i would show line 1 as $6,000, however on line 2 where it asks "enter your total basis" this would be the $1 of interest that was earned on the 2019 contribution that sat in the money market account for a couple days, same for line 6. value of all t...
by amindu
Mon Jan 13, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor conversion at 2 different brokerages
Replies: 8
Views: 464

Re: Backdoor conversion at 2 different brokerages

Convert. Convert. Convert. Years ago, I did a full conversion and never put any money again into the traditional IRA. The brokerage asked me if I wanted to close the account after a year and did not charge me their standard account closing fee. Thanks, is my conclusion correct that on the 8606 i wo...
by amindu
Fri Jan 10, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor conversion at 2 different brokerages
Replies: 8
Views: 464

Re: Backdoor conversion at 2 different brokerages

Hi All - Would it make a difference if you have interest from prior years under $1 say at fidelity in a TIRA, and you are planning on making new contributions in a TIRA at Vanguard this year to convert into a Roth can you convert at different brokerages? Or would that lead to some sort of issue, in...
by amindu
Fri Jan 10, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor conversion at 2 different brokerages
Replies: 8
Views: 464

Backdoor conversion at 2 different brokerages

Hi All - Would it make a difference if you have interest from prior years under $1 say at fidelity in a TIRA, and you are planning on making new contributions in a TIRA at Vanguard this year to convert into a Roth can you convert at different brokerages? Or would that lead to some sort of issue, in ...
by amindu
Thu Jan 09, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 66
Views: 7026

Re: 1 yr ban of 401K contribution?

Scenario: I’m currently in a job where my total yearly (employee/employer) 401K contribution is 57K (4750/mo). Considering taking a job in another city this summer for family reasons. However this job restricts their 401K contribution to 1 yr after hire (I would be eligible to contribute July 2021)...
by amindu
Tue Jan 07, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11122

Re: How is your "number" defined?

Since you have $700,000 million (i.e. $700 billion dollars), you have reached your number. You've also reach enough for all of the Boglehead forum to have their numbers met, with change leftover. :twisted: The "number" depends on when you are retiring. If you plan on needing say $50,000 a year in t...
by amindu
Tue Jan 07, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11122

Re: How is your "number" defined?

Triple digit golfer wrote:
Tue Jan 07, 2020 2:22 pm

- I currently have a $700,000 million portfolio.
LOL
by amindu
Sat Dec 28, 2019 1:12 am
Forum: Personal Investments
Topic: Sell MLP at a Loss or Hold
Replies: 7
Views: 473

Re: Sell MLP at a Loss or Hold

Thanks all it’s what I figured as well just hate to pull the trigger and realize the loss but that is the best course of action.
by amindu
Fri Dec 27, 2019 11:55 am
Forum: Personal Investments
Topic: Sell MLP at a Loss or Hold
Replies: 7
Views: 473

Sell MLP at a Loss or Hold

Hi All, back in 2014 i made the mistake of purchasing a MLP when Oil was in the 80s, i have been holding the stock since then. The company went through a merger a couple years ago which created a capital loss, however new stock was issued and i currently have a large gain even though overall if you ...
by amindu
Thu Nov 07, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 758

Re: Which HDHP/PPO Plan

From what i understand if you go to the ER everything has to be considered in-network since you do not get to shop for emergency services ahead of time. Horror stories abound in the media and even, sometimes, on this forum about surprise ER bills (or surprise bills stemming from admission to the ho...
by amindu
Wed Nov 06, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 758

Re: Which HDHP/PPO Plan

Something to consider if you think ER visits might be likely is how the out-of-network deductibles and out-of-pocket maximums compare, and whether the plans offer cross-accumulation between in-network deductibles and OOP maxes and out-of-network deductibles and OOP maxes. We really wanted to switch...
by amindu
Tue Nov 05, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 758

Re: Which HDHP/PPO Plan

Hello All, i have learned since becoming a part of Bogleheads that the health plan most Bogleheads go with is the HDHP. I have always gone with the PPO but that may have been a poor financial decision on my part. My family situation has changed and we have an infant now and so the PPO plan pricing ...
by amindu
Tue Nov 05, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 758

Re: Which HDHP/PPO Plan

Is your employer picking up any of the tab of the monthly premium and if so, how much for each plan? Also, does your employer match or contribute to the HSA with the HDHP's (whoops see that now, $1,000). Just eyeballing it, I'm not sure how the PPO makes sense in that the premium difference is so s...
by amindu
Tue Nov 05, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 758

Which HDHP/PPO Plan

Hello All, i have learned since becoming a part of Bogleheads that the health plan most Bogleheads go with is the HDHP. I have always gone with the PPO but that may have been a poor financial decision on my part. My family situation has changed and we have an infant now and so the PPO plan pricing i...
by amindu
Sat Sep 14, 2019 10:51 pm
Forum: Personal Consumer Issues
Topic: BMW - extended warranty?
Replies: 28
Views: 1975

Re: BMW - extended warranty?

I purchased a CPO X5, probably spent close to $10K-$12K in repairs under the warranty. The saying is Lease Germans buy Japanese for a reason, it is generally not recommended to own a BMW that is not under warranty, even with an indy mechanic repairs can add up.
by amindu
Sun Sep 01, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 62
Views: 18901

Re: My new car buying experience.

Excellent post! Thanks a lot for documenting in fine detail the steps you took. Thanks to all the knowledge shared by generous individuals like OP here, i took a similar approach Went for a test drive of 2018 Elantra - was quoted an OTD price of $16,600 (with a mandatory loan at 6%+ (to avail a $15...
by amindu
Sat Aug 24, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 18565

Re: White collars- How much is your work downtime?

Accountant here. I estimate my work downtime by about 50-60%. It has been like that through my whole career (a lot of employers - 19 years so far) with few exceptions/days. Is that normal? Or should I keep looking till I find an employer who can utilize more of my time? Are you in public or industr...
by amindu
Fri Aug 23, 2019 10:01 pm
Forum: US Chapters
Topic: Interest In forming North Texas Boglehead Group
Replies: 35
Views: 5941

Re: Interest In forming North Texas Boglehead Group

Thanks for the lead. Is it a closed group that requires an invitation? I tried the link in the chapter list and it failed. I also tried searching for Dfwdiehards in yahoo groups with no result found. Is the contact for Ramesh still good for the group or should I contact someone else for the date/ti...
by amindu
Fri Aug 23, 2019 8:37 pm
Forum: US Chapters
Topic: Interest In forming North Texas Boglehead Group
Replies: 35
Views: 5941

Re: Interest In forming North Texas Boglehead Group

There is already a group that meets once a month at the Jason’s deli on MacArthur blvd in Irving

Dfwdiehards is the yahoo group to subscribe to
by amindu
Fri Aug 23, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Dealer asking to re-sign
Replies: 45
Views: 4676

Re: Dealer asking to re-sign

I informed my sales person that i would be comfortable just putting in the last digit by hand and initialing that portion. Will be headed there tomorrow to drop off the title, so let's see. He did send over the revised documents and the only thing that was out of place was this one is financed with ...
by amindu
Fri Aug 23, 2019 7:52 am
Forum: Personal Consumer Issues
Topic: Dealer asking to re-sign
Replies: 45
Views: 4676

Re: Dealer asking to re-sign

Thanks all for your responses. I was originally going in on Saturday to drop of the title to my trade, so I was going to be there anyway. However I think I prefer just to have them add the last digit and I can initial it. I did receive a copy of the revised contract and on surface it seems similar ...
by amindu
Thu Aug 22, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Dealer asking to re-sign
Replies: 45
Views: 4676

Re: Dealer asking to re-sign

most likely they can't sell the contract to TFS until the VIN is correct....not everyone is out to get you...they'll give you a new contract w the correct VIN, they'll shred the other contract in front of you, you sign it and move on...they won't get funded on the deal until it's correct..why does ...