Search found 50 matches

by pb1996
Thu Oct 22, 2020 9:42 am
Forum: Investing - Theory, News & General
Topic: Why does Vanguard Target 2065 have less stock than 2045?
Replies: 4
Views: 694

Re: Why does Vanguard Target 2065 have less stock than 2045?

My uninformed thought is it doesn't matter. We're looking 25 years out vs. 45 years out. I'm not surprised they both hold somewhere around 90% stocks. And they do; 90.3% vs. 90.6%. I wouldn't quibble about 0.3% when we're looking that far out. I'd expect the 2045 to get more conservative as we get ...
by pb1996
Thu Oct 22, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: Why does Vanguard Target 2065 have less stock than 2045?
Replies: 4
Views: 694

Why does Vanguard Target 2065 have less stock than 2045?

I was just looking at the portfolios of Vanguard Target Retirement 2065 vs Vanguard Target Retirement 2045. At least currently, Vanguard Target 2065 has a LOWER total stock allocation than 2045. Does anyone know why that is? Here is Vanguard Target Retirement 2065 (as of 9/30): Vanguard Total Stock ...
by pb1996
Sun Sep 20, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: refi vs reverse mortgage for new retiree (and other questions)
Replies: 8
Views: 574

Re: refi vs reverse mortgage for new retiree (and other questions)

That seems like a lot of house for that much income. Is selling / downsizing / renting an option? It IS too much house for her. This "retirement" came earlier than expected/hoped. It's gonna take some time (maybe even forever?) before I can convince her to downsize. Trying to figure out a...
by pb1996
Sun Sep 20, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: refi vs reverse mortgage for new retiree (and other questions)
Replies: 8
Views: 574

Re: refi vs reverse mortgage for new retiree (and other questions)

1. If she wants to stay in this house, I'm thinking the primary options are to refinance or get a reverse mortgage. I disagree. She is mortgage-poor. She doesn’t need a different mortgage, she needs to pay it off. Then SS meets her needs. How to convert 401k/IRA money to mortgage payoff? That is th...
by pb1996
Sun Sep 20, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: refi vs reverse mortgage for new retiree (and other questions)
Replies: 8
Views: 574

refi vs reverse mortgage for new retiree (and other questions)

I have numerous questions to help assist my mother with her newly forced retirement (job layoff). I will summarize her financial situation, followed by some of my questions. Age 72 Tax status: Single (Connecticut resident) Checking account: $9500 Vanguard Roth VTXVX $20473 Traditional 401k $186750 S...
by pb1996
Fri Aug 21, 2020 6:52 am
Forum: Personal Investments
Topic: Did I Pay Too Much For VOO
Replies: 27
Views: 2784

Re: Did I Pay Too Much For VOO

Isn't a limit order a micro form of market timing? In other words, a target price at which you will enter the market? What if the price never drops to your limit order? Then you might miss out on some significant gains...
by pb1996
Tue Aug 18, 2020 7:28 am
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 35
Views: 5391

Re: Latest Thoughts from Larry Swedroe

In most mass extinctions, the apex predators and other megafauna get wiped out while the smaller critters survive and then diversify to fill the niches left open by everything that died. I don't really have a dog in this fight but I like this quote and it makes me want to root for the little guy...
by pb1996
Fri Jul 10, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

livesoft wrote: Fri Jul 10, 2020 7:29 am
02nz wrote: Thu Jul 09, 2020 10:44 pm
livesoft wrote: Thu Jul 09, 2020 10:42 pm
pb1996 wrote: Thu Jul 09, 2020 9:38 pmMy 2010 prius cost me about $25k new and my 2013 civic cost around $20k new.
Our Honda Civic was $6999 new.
In what year?
1981
Do you still have it and use it?
by pb1996
Fri Jul 10, 2020 7:11 am
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

OP It’s a tremendous investment in your family. We bought a Odyssey exl in 2006 with our newborn, prob 35k total price. 14 yrs later at 180k miles I decided to rebuild transmission for 2900. Need it for 4 more years and kids will be gone soon (still have the dogs but SUVs and cars ok). It (and Mich...
by pb1996
Fri Jul 10, 2020 7:09 am
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

Too bad they don't make station wagons any more. Maybe those would be more affordable? They do, but carmakers raised the ride height/seating position and call them SUVs or crossovers now. Those crazy popular compact crossovers are basically more upright station wagons. They don't drive as well sinc...
by pb1996
Thu Jul 09, 2020 9:48 pm
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

Too bad they don't make station wagons any more. Maybe those would be more affordable?
by pb1996
Thu Jul 09, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

$30K+ is still luxury because wages haven't kept up. Toyota Sienna L From $31,640 LE. $34,460 starting msrp SE. $37,790 starting msrp XLE. $37,790 starting msrp Limited. $44,535 starting msrp If you buy the base L trim and drive it into the ground, that would be "frugal." IMHO, the bigger...
by pb1996
Thu Jul 09, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

Inflation probably explains a lot of this. When was the last time (if ever) you purchased a new vehicle? My 2010 prius cost me about $25k new and my 2013 civic cost around $20k new. It just seems like a huge jump to go from $20k on a honda civic to $40k for a honda pilot or odyssey for example. But...
by pb1996
Thu Jul 09, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Re: are basic minivans/suv "luxury" cars?

You have to take inflation into account. The average cost of a new car is $37,851 in 2020. https://www.prnewswire.com/news-releases/average-new-vehicle-prices-up-3-5-year-over-year-in-january-2020-on-sales-mix-according-to-kelley-blue-book-301007102.html It's still somewhat depressing. But I guess ...
by pb1996
Thu Jul 09, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4226

Are basic minivans/suv "luxury" cars?

When I was growing up, I considered "luxury" cars to be premium brands that usually costed $30k and up. This included (then and now) "inexpensive" models of Lexus, Acura, BMW, Mercedes, etc. I have never been one to want to spend money on a "luxury" car, always looking ...
by pb1996
Tue Jun 23, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: how to get title insurance reissue rate in Massachusetts?
Replies: 1
Views: 199

Re: how to get title insurance reissue rate in Massachusetts?

I may have gotten my answer. Was finally able to track down the Underwriting Counsel for my current title policy. He quoted me a reissue rate of $1.50 per thousand of mortgage (down from $2.50 per thousand for new mortgages) and says I need to request that the lender's attorney use this policy. It a...
by pb1996
Tue Jun 23, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: how to get title insurance reissue rate in Massachusetts?
Replies: 1
Views: 199

how to get title insurance reissue rate in Massachusetts?

Working on my refi now with Loan Depot. They haven't been able or willing to help me get a title insurance reissue rate. I asked my prior closing attorney who said getting one shouldn't be a problem, that all I have to do is "ask" and it should be given. I contacted the Title Insurance Com...
by pb1996
Sun Jun 21, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Am I in a position to negotiate? 801 credit score cash out refinance
Replies: 27
Views: 2505

Re: Am I in a position to negotiate? 801 credit score cash out refinance

LoanDepot just meaningfully beat out aimloan and lenderfi for me. pretty easy to work with so far...
by pb1996
Thu Jun 18, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7986
Views: 556966

Re: Refinance Mega Thread

I ended up locking with LenderFi today. Superconforming (600ish on an 800 value) 3.125 Zero cost (1500 lender credit covering all costs) Waived appraisal Waived escrow :D I read the fine print on the rate guarantee. They offer a no cost refi for life if *their* rate drops more than 0.25. The catch ...
by pb1996
Sun Jun 14, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of No Cost Refi if buying new house soon?
Replies: 12
Views: 739

Re: Drawbacks of No Cost Refi if buying new house soon?

Current credit score is around 815 so hopefully the credit ding shouldn't be too problematic. My credit history via credit cards and student loans goes back 20 years, my mortgage history is only 4 years so hopefully that will be ok too. I'm thinking there is a reasonable chance we may not find a ne...
by pb1996
Sun Jun 14, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of No Cost Refi if buying new house soon?
Replies: 12
Views: 739

Re: Drawbacks of No Cost Refi if buying new house soon?

Current credit score is around 815 so hopefully the credit ding shouldn't be too problematic. My credit history via credit cards and student loans goes back 20 years, my mortgage history is only 4 years so hopefully that will be ok too. I'm thinking there is a reasonable chance we may not find a new...
by pb1996
Sun Jun 14, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of No Cost Refi if buying new house soon?
Replies: 12
Views: 739

Drawbacks of No Cost Refi if buying new house soon?

I just learned about no cost refinance. What are the drawbacks of a no cost refinance if I were to sell current house and buy a new house within the next few months/years? For example, would the act of modifying current loan/mortgage make it harder to qualify for a mortgage on next house (such as by...
by pb1996
Tue Jun 02, 2020 7:45 am
Forum: Personal Investments
Topic: Total Bond Market Index (or VAIPX) for short term cash needs?
Replies: 14
Views: 1751

Re: Total Bond Market Index (or VAIPX) for short term cash needs?

I would not use VAIPX over Total Bond. As it happens I love TIPS and hold Total Bond and VAIPX fifty-fifty, but in both cases I am intending to hold them for the 4-10 years Vanguard suggests. Between the two of them, in my opinion VAIPX is noticeably more volatile, and the inflation linkage isn't w...
by pb1996
Tue Jun 02, 2020 7:40 am
Forum: Personal Investments
Topic: Total Bond Market Index (or VAIPX) for short term cash needs?
Replies: 14
Views: 1751

Re: Total Bond Market Index (or VAIPX) for short term cash needs?

I would not use VAIPX over Total Bond. As it happens I love TIPS and hold Total Bond and VAIPX fifty-fifty, but in both cases I am intending to hold them for the 4-10 years Vanguard suggests. Between the two of them, in my opinion VAIPX is noticeably more volatile, and the inflation linkage isn't w...
by pb1996
Mon Jun 01, 2020 8:32 pm
Forum: Personal Investments
Topic: Total Bond Market Index (or VAIPX) for short term cash needs?
Replies: 14
Views: 1751

Total Bond Market Index (or VAIPX) for short term cash needs?

There is a 10-30% chance I may need to take a loan from my 401k in the next year. I am currently 100% in stocks in that account. Thinking of selling some of my S+P 500 index soon (since it is near all time highs) to lock in some gains. I am new to bond market investing (but have spent a few days on ...
by pb1996
Thu May 28, 2020 12:33 pm
Forum: Personal Investments
Topic: need help cleaning up my 401k
Replies: 6
Views: 435

need help cleaning up my 401k

I'm trying to bogleize my 401k in my Fidelity account. Aiming for 70% Total Stock Market (via Fidelity S+P 500 index, Midcap index, and Small cap index) and 30% International (via Fidelity Total International Index). Am most of the way there except 4% of my account is in a non index REIT fund (CSRSX...
by pb1996
Tue May 26, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Dividend - what's the catch?
Replies: 6
Views: 872

Amica Dividend - what's the catch?

I just learned about the option of switching my Amica homeowner insurance from a non-dividend to a dividend policy. In a nutshell, if I pay about $360 extra in premiums, I will be refunded $440 a year later (a 22% return on my investment!). What's the catch, and what's in it for Amica? Rumor has it ...
by pb1996
Fri May 15, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: close my amex blue preferred?
Replies: 16
Views: 1274

Re: close my amex blue preferred?

I just have the 2 cards and the Preferred is the newer of the 2. My credit score is excellent, but since I may buy a house within the next year or 2 I don't want to take any chances with my credit reports.
by pb1996
Fri May 15, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: close my amex blue preferred?
Replies: 16
Views: 1274

close my amex blue preferred?

I started out having/using an amex blue cash everyday card 10 years or so ago, and then about 4 years ago got the amex blue preferred card for the better grocery rebates. For the foreseeable future we will now be getting most of our groceries via Amazon (with the 5% store card rebate), so the $95 an...
by pb1996
Sun May 10, 2020 8:11 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Re: Tap into HELOC vs retirement funds for next house downpayment?

As I reframe my thought process, is this essentially a question of whether it is worthwhile to take a $50k loan at 5% interest to be able to invest $50k in the stock market in either a tax protected account? Which then means that if I expect my tax savings on my money to be greater than 5% in retire...
by pb1996
Sun May 10, 2020 7:54 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Re: Tap into HELOC vs retirement funds for next house downpayment?

These are valid concerns. I am still optimistic as houses are still selling fairly rapidly in my neighborhood.

Is there at least a hypothetical answer as to the relative value of protected retirement account space vs 5% interest on a loan?
by pb1996
Sun May 10, 2020 7:40 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Re: Tap into HELOC vs retirement funds for next house downpayment?

I could carry two mortgages for many months if necessary
by pb1996
Sun May 10, 2020 7:39 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Re: Tap into HELOC vs retirement funds for next house downpayment?

Current rate is 4.76%. I have never tapped it. Since the HELOC is less than 3 years old I will pay a penalty no matter what if I sell the house this year (whether or not I use it as I opened it without any fees)
by pb1996
Sun May 10, 2020 7:38 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Re: Tap into HELOC vs retirement funds for next house downpayment?

I am confident I can sell my current house within a few months. In terms of further information, I have a stable job and plan on retiring in 25 years or so. So ultimately, the question is whether it is worthwhile to pay 5% interest on $50K for a few months in order to keep $50k in my retirement acco...
by pb1996
Sun May 10, 2020 7:14 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 640

Tap into HELOC vs retirement funds for next house downpayment?

A house is coming on the market in a few weeks that we may want to move to. We are in a very competitive housing market, our plan is to buy it first and then turn around and sell our current house ASAP. We have enough cash on hand to cover most of a 20% downpayment without selling our current place,...
by pb1996
Mon Apr 20, 2020 7:29 pm
Forum: Personal Investments
Topic: Share your experience if you timed the market
Replies: 38
Views: 2475

Re: Share your experience if you timed the market

Due to a feeling the a bear market must be coming soon, I stopped investing all new money in retirement accounts and HSA about 5 or 6 years ago (VTI about 100 or so) and just kept it in money market accounts. When VTI hit 120 I sold a little in those same accounts. When it hit 140 I sold a bit more ...
by pb1996
Mon Apr 13, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: What are some financial positives of the current crisis?
Replies: 31
Views: 3299

Re: What are some financial positives of the current crisis?

There has been an increase in foster homes and adoptions for shelter animals: https://www.wired.com/story/coronavirus-pet-adoption-boom/ This is a nice one. The decreased greenhouse gas effects are also a nice (although likely just transient) positive.. On the flipside, we aren't allowed to reuse g...
by pb1996
Sun Apr 12, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: What are some financial positives of the current crisis?
Replies: 31
Views: 3299

What are some financial positives of the current crisis?

I've been thinking about the numerous ways the current Coronavirus/Economic crisis affects peoples finances. There are obviously numerous negatives that are occurring (e.g. job losses, stock market losses, toilet paper shortages). What are the positive things that are occurring and how are you takin...
by pb1996
Fri Jan 31, 2020 12:35 pm
Forum: Personal Consumer Issues
Topic: selling old car to carmax/carvana - how much to fix/clean?
Replies: 9
Views: 1233

Re: selling old car to carmax/carvana - how much to fix/clean?

How are you getting a replacement vehicle? From a private party or dealer? Just as an anecdote, I recently traded in an older car with known mechanical issues and maintenance due (I disclosed these issues to the prospective buyers fyi) to a dealership for $2500; I also got a quote from carmax for $...
by pb1996
Fri Jan 31, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: selling old car to carmax/carvana - how much to fix/clean?
Replies: 9
Views: 1233

selling old car to carmax/carvana - how much to fix/clean?

For simplicity I plan on selling my 10year/100,000 mile prius to carmax or carvana. Is there anything that is worth cleaning/fixing prior to selling it to them? in particular: 1. Don't clean at all vs remove trash only vs remove trash and pay for a professional clean/detailing 2. Oil change is almos...
by pb1996
Tue Dec 18, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Tire damage question
Replies: 17
Views: 1271

Re: Tire damage question

I did use this opportunity to buy aftermarket TPMS with valve cap sensors which I am now using on my winter wheels. So far so good...
by pb1996
Tue Dec 18, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: Tire damage question
Replies: 17
Views: 1271

Re: Tire damage question

Thanks for your replies. No TPMS on my winter wheels which were installed. It was driven 20 minutes at highway speed in 40 degree weather, I wonder how much heat could have been generated. I guess the take home message is that there isn't universal agreement as to whether a tire can be deemed safe t...
by pb1996
Tue Dec 18, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Tire damage question
Replies: 17
Views: 1271

Tire damage question

I accidentally drove about 20 highway miles on a relatively young MIchelin XIce tire in my prius with only 7 PSI of air in it. I took it to a different mechanic (not the one who put the tire on the car without inflating it, I am still very angry at them) who inspected the tire and then remounted it ...
by pb1996
Sun Nov 04, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Attorney vs Willmaker for simple estate planning
Replies: 6
Views: 1015

Attorney vs Willmaker for simple estate planning

There seems to be some disagreement on bogleheads about how trustworthy Willmaker should be for simple estate planning purposes. Some people seem to strongly suggest having a professional attorney review things even after doing it on Willmaker. Our family/financial/estate situation seems to be fairl...
by pb1996
Sat Nov 03, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: Which Prius or something else?
Replies: 25
Views: 2022

Re: Which Prius or something else?

My brother just got a new base model Hyundai Ioniq for around $22k out the door. He likes it a lot. A legitimate competitor to the prius. Of course a high MPG nonhybrid compact car such as a corolla or civic or elantra might meet some of your criteria without paying the hybrid premium.
by pb1996
Sun Feb 11, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 47
Views: 6065

Passthrough deduction affected by solo 401k?

Trying to determine how/if the new 20% passthrough income deduction for sole proprieters affects the solo Roth 401k vs traditional 401k calculation. Do solo 401k contributions lower the income for which a sole proprietor can benefit from the 20% pass through deduction? I.e, if I earn $50k, and contr...
by pb1996
Sat Oct 21, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: how often to upgrade phone?
Replies: 44
Views: 3760

how often to upgrade phone?

I have historically felt that it is financially prudent to not upgrade your iphone until it stops working. But this article implies (surprisingly) that there is minimal financial reason not to upgrade your phone every year or two: "https://lifehacker.com/how-often-should-you-upgrade-your-iphone...
by pb1996
Fri Oct 28, 2016 8:06 am
Forum: Personal Investments
Topic: embrace prorata with backdoor roth?
Replies: 4
Views: 875

Re: embrace prorata with backdoor roth?

That is very helpful. Converting it all this year won't raise our tax bracket or trigger any phaseout in our exemptions/deductions. Will likely pull the trigger and convert it all this year.

Thanks again!
by pb1996
Thu Oct 27, 2016 3:07 pm
Forum: Personal Investments
Topic: embrace prorata with backdoor roth?
Replies: 4
Views: 875

embrace prorata with backdoor roth?

I would like to start doing backdoor Roth for my wife (I have been doing it myself for years). We are in our late 30s, will "be in the 33% tax bracket" forever. She has $20k in a Vanguard TIRA from a prior 401k rollover. She also has a Vanguard Solo 401k. Trying to figure out the best way ...