Search found 1141 matches

by bluebolt
Fri May 22, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1491
Views: 137569

Re: Refinance Mega Thread

Here is the scenario: 1) 30 Year fixed. 2.875 interest rate, 3.03 APR ( almost 10k closing costs). But broker says, He will provide the credits to cover entire cost at the time of closing, so it will be a zero closing cost loan and will become like a 2.875 rate and APR. 2) 30 Year Fixed. 2.99 rate ...
by bluebolt
Mon May 18, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on refinancing mortgage
Replies: 6
Views: 615

Re: Advice on refinancing mortgage

It seems like you can't afford that house plus the personal loan on your solo salary. I would sell the house and move to a place you can afford.
by bluebolt
Sun May 17, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2488

Re: How did you set up your trust distributions?

Almost all of our clients give the trustees complete discretion as to distributions. No one knows what the future will bring. A few of our clients have named Vanguard as a trustee in their Wills. However, none of them has died yet. So we don't have any experience as to whether dealing with them wil...
by bluebolt
Sat May 16, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

bluebolt wrote:
Sat May 09, 2020 8:57 am
Has anyone with a June 1 due date for their first payment gotten any payment information?
Just got the info from Wells Fargo today about my 6/1 payment.
by bluebolt
Thu May 14, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

I won’t have a net worth of $20 million in today’s dollars, so I meant never But you said "YOU should never buy a house that is more than 3X your annual income." You didn't say, "I would never buy a house that is more than 3X my annual income." I'm just pointing out that as advice to others, your s...
by bluebolt
Thu May 14, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

I would be willing to spend about 10% of my net worth on an individual property. So in this case I would need a net worth of around $15-20 million to buy a $2 million house. Right. So, you wouldn't say never. I won’t have a net worth of $20 million in today’s dollars, so I meant never But you said ...
by bluebolt
Thu May 14, 2020 4:42 am
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

In my opinion, you should never buy a house that is more than 3X your annual income. If you already have a healthy amount of savings in your retirement accounts, and you have an emergency fund, and your income is stable and around $700K per year, go for it. Otherwise, rent. And I would recommend re...
by bluebolt
Wed May 13, 2020 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

If someone wanted to buy a $2 million dollar house in a HCOLA, what would be the pre requisites needed in order to gain the boglehead Seal of approval ? In my opinion, you should never buy a house that is more than 3X your annual income. If you already have a healthy amount of savings in your retir...
by bluebolt
Tue May 12, 2020 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

If someone wanted to buy a $2 million dollar house in a HCOLA, what would be the pre requisites needed in order to gain the boglehead Seal of approval ? In my opinion, you should never buy a house that is more than 3X your annual income. If you already have a healthy amount of savings in your retir...
by bluebolt
Sun May 10, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7309

Re: Layoff Imminent, seeking guidance.

There is a required grace period for Cobra. Find out what it is. I think it's a minimum of 30 days. Even if you plan on taking Cobra, wait until the end of the grace period. If you find a new job and are covered (and didn't incur expenses in the grace period), you don't have to pay the Cobra premium...
by bluebolt
Sat May 09, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

My rules of thumb: 1. You should have enough in liquid assets to buy the house in cash 2. The value of your house should not be more than half of your total net worth. The lower this proportion is, the better. So in your case, you should have at least $4 million in liquid net worth to be able to af...
by bluebolt
Sat May 09, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: 30yr Jumbo Refi-- rates!
Replies: 6
Views: 1225

Re: 30yr Jumbo Refi-- rates!

I live in a high-cost area where the conforming loan cutoff is higher. I did a recent refinance with an amount below the conforming loan cutoff for my county, but above the "standard" threshold. It seemed that when I was quoted rates online, I was quoted jumbo and not conforming rates. Do lenders gr...
by bluebolt
Sat May 09, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9741

Re: $2 million dollar house pre requisites

This should be fun :sharebeer I’ll start with subjective terms (you tell us what numbers you have in each category) you need, post purchase: 1. a robust emergency fund 2. well funded retirement accounts (on or ahead of what you’ll need to sustain your lifestyle), 3. stable income (excluding RSUs an...
by bluebolt
Sat May 09, 2020 1:00 pm
Forum: Personal Consumer Issues
Topic: Is it worth buying an infant car seat for each car.
Replies: 71
Views: 3144

Re: Is it worth buying an infant car seat for each car.

I see no reason not to pile on: hell yes. We have 2 for each car. We also bought for grandma's car. That's 6 seats for 2 kids. What exactly would you do with the children while you're moving and installing the seats? Million times worth it. There's a big difference between infant seats with a base ...
by bluebolt
Sat May 09, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

Has anyone with a June 1 due date for their first payment gotten any payment information?
by bluebolt
Sat May 09, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

That said... what is the worst case scenario here besides the incredible annoying prospect of having to send paper checks? What happens if LF goes under? Most people can send a payment via their bank's bill pay and the bank will mail out a paper check if they can't pay electronically. So, that pros...
by bluebolt
Sat May 09, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Is it worth buying an infant car seat for each car.
Replies: 71
Views: 3144

Re: Is it worth buying an infant car seat for each car.

When our kids were babies, we had an infant car seat that attached to a base. We had a base for each car. Easy. When they outgrew that and moved to a larger car seat (one that had to be installed directly, no base), we had one in each car. These are a pain to install. I can't imagine having one sea...
by bluebolt
Fri May 08, 2020 10:14 pm
Forum: Personal Consumer Issues
Topic: Bosch Crystal Dry - any personal experiences with this witchcraft?
Replies: 40
Views: 5353

Re: Bosch Crystal Dry - any personal experiences with this witchcraft?

I recently became the owner of a Bosch with Crystal Dry. Both washing and drying are very good, even with plastic. Very happy with the purchase.
by bluebolt
Fri May 08, 2020 6:09 am
Forum: Personal Consumer Issues
Topic: iPad.. worth it?
Replies: 49
Views: 3068

Re: iPad.. worth it?

If you plan on downloading videos to watch (e.g. on an airplane), consider getting more than the 32GB model. That doesn't go very far especially for longer flights.
by bluebolt
Wed May 06, 2020 9:39 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55522

Re: How to get Toilet Paper ? seriously.

Just ordered a couple of Charmin Ultra Soft Mega Roll 9-packs at Walgreens.com. Even had a $1 off coupon!
by bluebolt
Tue May 05, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: selling starter home to buy upgrade during Covid19
Replies: 11
Views: 960

Re: selling starter home to buy upgrade during Covid19

quantAndHold wrote:
Tue May 05, 2020 6:04 pm
Do you really want random strangers wandering through your house touching your stuff right now? Or to have to clean and sanitize after each one comes through?
Open houses around here are now one person/couple at a time and no touching anything in the house.
by bluebolt
Sun May 03, 2020 8:48 am
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4657

Re: Front load washing machine recommendations

Between that and the fact you can’t throw a sock in after the cycle starts front loaders are just too much on a pain. If you hit pause, it will unlock the door and you can throw the sock in. At least with the front loaders we've had (LG and GE). And how do you pause after it fills with water? I’m a...
by bluebolt
Fri May 01, 2020 6:37 am
Forum: Personal Consumer Issues
Topic: Bosch Crystal Dry - any personal experiences with this witchcraft?
Replies: 40
Views: 5353

Re: Bosch Crystal Dry - any personal experiences with this witchcraft?

Reviving this thread - having a similar situation as OP - old GE Profile died in a mildly dramatic way, and just in the middle of a global pandemic, so fun. Anyone have any experience on how Crystal Dry works with plastic (e.g., tupperware, kids sippy cups, etc.)? Our old dishwasher was great with ...
by bluebolt
Sun Apr 26, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: I need financial/general advice
Replies: 47
Views: 2903

Re: I need financial/general advice

Do you have a professional mentor? Someone who is later in their (hopefully successful) career who you can talk to about this honestly. They may have experiences and perspective that will be helpful. Ideally, it would be someone who has a career or traits you'd like to emulate. If I could go back an...
by bluebolt
Fri Apr 24, 2020 10:00 am
Forum: Personal Consumer Issues
Topic: AI/ML with raspberry pis?
Replies: 5
Views: 681

Re: AI/ML with raspberry pis?

Have a few pis I use for various home projects ( webservers, audio streaming, video recording etc ). One idea I had was taking pictures of my view which overlooks a large river. Sometimes big boats go by. Was wondering if there was some way to analyze the photos to tell if there is a big boat in it...
by bluebolt
Wed Apr 22, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 119
Views: 9344

Re: I Got Scammed To Send Amazon Gift Cards

Wouldn't she have to go to the bank personally to do a wire transfer anyway? You can wire money online, at least from BOA and I assume others. I did it on a refi. I think there was a $25 charge. You just have to pick the right option instead of ACH. The few times I needed to send a wire I had to go...
by bluebolt
Sun Apr 19, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6820

Re: $1M home purchase - can we afford it?

You are in Kentucky. Besides being more conservative, the comparison doesn't translate well to a HCOL area where the OP is. My profile says that I am in Kentucky. I have never stepped foot in Kentucky in my life. Not sure how I'm supposed to know that. In any case, either you are in a LCOL area and...
by bluebolt
Sat Apr 18, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6820

Re: $1M home purchase - can we afford it?

You are in Kentucky. Besides being more conservative, the comparison doesn't translate well to a HCOL area where the OP is. My profile says that I am in Kentucky. I have never stepped foot in Kentucky in my life. Not sure how I'm supposed to know that. In any case, either you are in a LCOL area and...
by bluebolt
Sat Apr 18, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6820

Re: $1M home purchase - can we afford it?

I would encourage you to consider 3 factors: 1. How secure are your jobs, not just now, but in case of a deep depression, 2. What are the chances that you can purchase that house for an X% further discount, Y months from now, 3. How convenient it is to make the transaction now, vs later. Housing wi...
by bluebolt
Sat Apr 18, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6820

Re: $1M home purchase - can we afford it?

You can afford it, but I'd recommend not doing it. I'd wait until after you had your first child. Your view of pros/cons in a house changes dramatically, and in ways you might not be able to anticipate.
by bluebolt
Tue Apr 14, 2020 6:44 am
Forum: Personal Consumer Issues
Topic: Switching from Android to iPhone
Replies: 11
Views: 986

Re: Switching from Android to iPhone

I did not like the dropping of the headphone jack. I had bluetooth on my iPhone 5s, so I could have used bluetooth headphones on it, so when they dropped the jack (iPhone 7 I believe) they forced (expensive) blue tooth earbuds on people. They included an adapter so you could use your regular headph...
by bluebolt
Mon Apr 13, 2020 8:51 am
Forum: Personal Consumer Issues
Topic: Looking for green screen recommendation
Replies: 7
Views: 858

Re: Looking for green screen recommendation

mrb09 wrote:
Sun Apr 12, 2020 1:08 pm
Have not personally tried it, but saw this write-up recently, looks interesting: https://kk.org/cooltools/portable-green ... ssketchup/
I have a high back chair that I don't think would work with the webaround, though that is an interesting option. Thanks!
by bluebolt
Mon Apr 13, 2020 6:13 am
Forum: Personal Finance (Not Investing)
Topic: When do you walk away from whole life insurance?
Replies: 31
Views: 3558

Re: When do you walk away from whole life?

Walk away. Consider yourself lucky that you figured this out relatively early.
by bluebolt
Sun Apr 12, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Looking for green screen recommendation
Replies: 7
Views: 858

Re: Looking for green screen recommendation

Bogle7 wrote:
Sat Apr 11, 2020 9:21 pm
Saving you time
https://www.bhphotovideo.com/c/search?N ... yes&sts=ma
Ha. Thanks. I looked at Amazon, Adorama and B&H before posting this.
by bluebolt
Sat Apr 11, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: Looking for green screen recommendation
Replies: 7
Views: 858

Looking for green screen recommendation

Like many people working from home, been looking at green screen options. Looking for something that is freestanding and not too expensive.

Does anyone have specific recommendations as to one they use and like?
by bluebolt
Sat Apr 11, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Rate Conundrum
Replies: 10
Views: 505

Re: Refinance Rate Conundrum

LenderFi was very clear that they don't float the rate down once locked. You may be on the hook for fees they already expended if you go with another lender. No harm in asking them though. Worst they can do is say no.
by bluebolt
Tue Apr 07, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

Closed today. 3.125% 30 year jumbo with lender credits to cover most of the closing (minus appraisal, which I did not get waived) 2/27 application 3/2 lock 4/7 close The periods of lack of communication were unnerving at times. When they did ask for something or had a question, they were super resp...
by bluebolt
Tue Apr 07, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

Closed today. 3.125% 30 year jumbo with lender credits to cover most of the closing (minus appraisal, which I did not get waived) 2/27 application 3/2 lock 4/7 close The periods of lack of communication were unnerving at times. When they did ask for something or had a question, they were super resp...
by bluebolt
Tue Apr 07, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 336
Views: 38455

Re: My LenderFi refinance is going well

Closed today. 3.125% 30 year jumbo with lender credits to cover most of the closing (minus appraisal, which I did not get waived) 2/27 application 3/2 lock 4/7 close The periods of lack of communication were unnerving at times. When they did ask for something or had a question, they were super respo...
by bluebolt
Sun Apr 05, 2020 6:25 pm
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4460

Re: Charity during the pandemic

I am making my normal monthly contributions per usual, and intend to stay the course. Same. I try not to react to the market with investments, spending, or charitable giving. Small local charities like animal rescue groups and animal shelters are really in difficult financial situations because man...
by bluebolt
Sun Apr 05, 2020 2:25 pm
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4460

Re: Charity during the pandemic

Food pantry demand is up significantly. Consider giving to your local food pantry or Feeding America. Job assistance programs will face significant demands in the upcoming months. Consider supporting them. Domestic violence has increased as people are spending more time at home. Consider giving to a...
by bluebolt
Tue Mar 31, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55522

Re: How to get Toilet Paper ? seriously.

Am I the only person who considers it odd that televised commercials for toilet paper are airing daily? Either it is a total waste of advertising dollars (hard to believe) or they are trying to build demand for a higher-end brand like Charmin which means the company is anticipating having ample sup...
by bluebolt
Mon Mar 30, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Rates
Replies: 10
Views: 863

Re: Insurance Rates

Someone who knows more about the insurance industry can correct me if I'm wrong, but I believe the insurance companies register their rates with the state. That wouldn't necessarily allow them to adjust rates easily or quickly.
by bluebolt
Sun Mar 29, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: How does $2T+ debt stimulus package help market/Economic recovery?
Replies: 4
Views: 784

Re: How does $2T+ debt stimulus package help market/Economic recovery?

Read about Keynesian economic theory (https://en.wikipedia.org/wiki/Keynesian_economics) Basic idea is that when there is a demand issue causing a recession/depression, the government can/should step in to generate demand. Inflation is controlled because once demand picks up, the government gets out...
by bluebolt
Thu Mar 26, 2020 7:42 pm
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6554

Re: Are you comfortable eating carry outs from a restaurant at this time?

Yes. Ordering delivery from our favorite restaurants. We transfer the food to our own containers, throw away the packaging, then wash our hands.
by bluebolt
Wed Mar 25, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 279
Views: 21009

Re: Are you still going to the grocery store or using a delivery service? Which?

Early morning hours OK, but some planners forgot many seniors don't drive during hours of darkness. Our local Giant set hours for seniors 0630 Am until 0800 (sunrise at 0730) Some planners just load and fire with no assessment of effect. :wink: Are you in some weird time zone? It gets light here ab...
by bluebolt
Tue Mar 24, 2020 3:12 pm
Forum: Personal Consumer Issues
Topic: Pausing Lyft Pink (but not for CSR holders)
Replies: 0
Views: 199

Pausing Lyft Pink (but not for CSR holders)

If due to recent circumstances you find that you won’t be traveling as much and you’re a Lyft Pink subscriber, you can pause your subscription in the app by going to Settings->Lyft Pink.

This is NOT the case if you receive this as a Chase Sapphire Preferred member.
by bluebolt
Tue Mar 24, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Options for Low Interest Rate No-Cost Refi
Replies: 6
Views: 529

Re: Options for Low Interest Rate No-Cost Refi

My husband and I have $530k mortgage are 4.875% remaining on our $705k home. We keep hearing about no cost low interest rate refinances, but not sure which companies are offering these. We have 750 and 800+ credit scores and solid payment history. Thank you in advance for specific recommendations. ...
by bluebolt
Sun Mar 22, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: So Who IS Hiring?
Replies: 19
Views: 2513

Re: So Who IS Hiring?

Around here, grocery stores and liquor stores are hiring.
by bluebolt
Sat Mar 21, 2020 3:27 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 269
Views: 35719

Re: Don't pay full price for SiriusXM radio

There's a new subscriber promo for $5/mo for 12 months for SiriusXM Select. You could probably get that without much trouble.