Search found 119 matches

by raamakoti
Thu Oct 11, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Hazard Insurance
Replies: 12
Views: 584

Re: Hazard Insurance

Is $1197 what your homeowners insurance costs? My home insurance is through liberty mutual and the premium is $1025 Was that last year's premium or next year's? My mortgage company always seems to get a copy of my new HO insurance statement before I do and sometimes pays it from escrow before I see...
by raamakoti
Thu Oct 11, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Hazard Insurance
Replies: 12
Views: 584

Re: Hazard Insurance

prudent wrote:
Thu Oct 11, 2018 5:52 am
Is $1197 what your homeowners insurance costs?
My home insurance is through liberty mutual and the premium is $1025
by raamakoti
Thu Oct 11, 2018 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Hazard Insurance
Replies: 12
Views: 584

Re: Hazard Insurance

[/quote] Why not get rid of the escrow for your insurance? Then it’s easier to shop around and switch insurance when needed. Also, you may get credit card rewards for payment (Amex currently has a 10% bonus available in Amex Deals too). As an added benefit, your monthly loan payment on your credit r...
by raamakoti
Wed Oct 10, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Hazard Insurance
Replies: 12
Views: 584

Hazard Insurance

This month I got letter from Escrow stating that I will be $1200 short by next year therefore either I can pay increased premium or pay the necessary extra upfront. The line item shows $1197 for Hazard Ins. I will call the bank and insurance to find out what it is? I have home owners insurances and ...
by raamakoti
Fri Oct 05, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

[/quote] i recently shopped for a HELOC and pretty much all of them had some sort of early closing fee which would render this useless. [/quote] Thank you guys, lot of worthy info to read here. There is no magic wand that can pay it off sooner. Most is common sense, but once in a while its good to g...
by raamakoti
Tue Oct 02, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

Not enough info about your current situation to make a call on this. Do you have a substantial emergency fund? Are you maxing out tax advantaged accounts? What is the rate of the HELOC (google tells me it's 5.52%) Why not dump this extra money into VTSAX until you have enough to pay off the mortgag...
by raamakoti
Fri Sep 28, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

Thank you all for your feedback
by raamakoti
Thu Sep 27, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

HELOC interest for the first year is 3.4% APR
after the 12 month promo offer it is prime + 0.9%
by raamakoti
Thu Sep 27, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

How long would that $40,000 emergency fund last if you lost your job? How secure is your job? Having a paid off mortgage is a benefit in times of unemployment or illness. Just having a lower balance on your mortgage does you no good in the same circumstances. You still have to make the monthly paym...
by raamakoti
Thu Sep 27, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

what about a refinance to 15-year term? I did not see any advantage of 15 year mortgage, the interest amount was more or less same. 30 year was lower payment and I do not get brownie points to paying bigger. penalty is same for missed payment. In my situation paying additional $841 would convert my...
by raamakoti
Thu Sep 27, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

Re: HELOC to Pay off Mortgage

Not enough info about your current situation to make a call on this. Do you have a substantial emergency fund? Are you maxing out tax advantaged accounts? What is the rate of the HELOC (google tells me it's 5.52%) Why not dump this extra money into VTSAX until you have enough to pay off the mortgag...
by raamakoti
Thu Sep 27, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3352

HELOC to Pay off Mortgage

I do have leftover money after monthly expenses say close to $2,000 a month. 29 years $322k mortgage left on original 30 year 340k mortgage. There is a lot of chatter these days to payoff the 30 year mortgage faster with HELOC. Yes I know HELOC is a variable interest rate loan. I ran some numbers th...
by raamakoti
Fri Feb 16, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Share your favorite excel speadsheet
Replies: 7
Views: 1712

Re: Share your favorite excel speadsheet

Personal capital
Mint.com
by raamakoti
Fri Feb 16, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much would paying a lump sum toward my loan save me?
Replies: 12
Views: 973

Re: How much would paying a lump sum toward my loan save me?

Get an app on your phone called "Payoff Track"
by punching your numbers quickly it says " you would save $1612.69 in interest by makinng extra 14k payments"
it will reduce your number of payments by 12.

Play with the app its fun to see how much you save.
by raamakoti
Fri Jan 26, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 8328

Re: Warning on "free" Morningstar trial

why pay for morning star,
through our local library it is free - people should check in their respective area if it is available for free.
https://cuyahogafallslibrary.org/databases-a-z/
by raamakoti
Wed Jan 24, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay extra mortgage principal?
Replies: 11
Views: 1059

Re: How to pay extra mortgage principal?

I have 5/3rd bank mortgage and they have an option to make extra payment. It shows up as principle curtailment.
Every easy to do
by raamakoti
Wed Jan 24, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: fidelity visa- is opening bonus worth it over Citi?
Replies: 35
Views: 2510

Re: fidelity visa- is opening bonus worth it over Citi?

I have Citi and like it so far. 2% no hassles. Fidelity you have to have account with them. I have 401k but they do not deposit in 401k account.
I did not want to open taxable trading account with them. So I choose Citi.
by raamakoti
Sat Jan 20, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop 529 Contributions
Replies: 14
Views: 2126

Re: Should I stop 529 Contributions

leftcoaster wrote:
Sat Jan 20, 2018 10:39 am
Grad school likely?
We can hope that she would go to grad school because we both went to. But what we did is not a metric for her just a hope of optimistic parents.

Thank you for the replies. Yes we are maxing out tax advantage accounts
by raamakoti
Sat Jan 20, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I stop 529 Contributions
Replies: 14
Views: 2126

Should I stop 529 Contributions

We are maxing our tax advantage accounts all of them. Our 529 stands at $62k Age of the kid is 5 years. We contribute $510 each month earlier we used to do 1000 a month. I am trying to avoid over funding. I was of the opinion I would rather contribute sooner and let compounding take charge of growth...
by raamakoti
Thu Jan 18, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 2243

Re: How to max out 401k

Thank you all for your replies, appreciate the help
Our company does not offer matching after reaching out maximum contribution limit, so I would loose on company matching. So best strategy would be to wait for bonus in April to July. And then change % to get close to 18,500.
by raamakoti
Wed Jan 17, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much of your 401k is from your contributions?
Replies: 6
Views: 730

Re: How much of your 401k is from your contributions?

Working for same company. 12.5 years ago my pay was not as much as current
It was easy fidelity manages my account so I looked for transactions from my joining date.
Employee + Employer contribution = 26%
Growth - 74%
by raamakoti
Tue Jan 16, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 2243

Re: How to max out 401k

Thank you for your feedback. I work for a decent size company and fidelity manages our 401k.
Does the 18500 include 4% employer matching as well or is that separate?
by raamakoti
Tue Jan 16, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 2243

How to max out 401k

How to max out 401k without going over the limit set by IRS. based on my pay it is easy to calculate but some monetary rewards and bonus throw me of balance. How to offset for these since they are not predictable. Last year I got $1000 reward for extra contribution to the company and bonus of 8.75% ...
by raamakoti
Mon Jan 15, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: FlipPhone
Replies: 18
Views: 1805

FlipPhone

Does anyone has filpPhone in this group. I am getting sick and tired of expensive iPhones. I wanted to know how much is the monthly plan. Currently I have with local carrier named H2O Wireless and pay $36 per month. Their cheapest plan is $25. Its $11 savings per month but I wanted to check if I can...
by raamakoti
Sun Jan 07, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 11016

Re: How much are you putting in a 529?

One kid - $1000 a month.
by raamakoti
Mon Dec 18, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Buying a new car (HELP!!!)
Replies: 13
Views: 1565

Re: Buying a new car (HELP!!!)

Read - "Never split the difference" and negotiate hard
by raamakoti
Mon Dec 18, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads save on eyeglasses?
Replies: 91
Views: 7984

Re: How do Bogleheads save on eyeglasses?

https://www.zennioptical.com/
Worked great for me - twice, I ordered progressive bi-focal no line. Really light weight for $70
But it did not work for my wife.
by raamakoti
Mon Dec 18, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Amortization Tools
Replies: 5
Views: 650

Mortgage Amortization Tools

I was wondering if fellow BH can tell me what kind of software Apps or tools they used to run various mortgage payoff scenarios. I used couple of iPhone apps but data entry is bit cumbersome. I used excel at work. But they do not work well on my Mac. Also their projections and graphs were not that g...
by raamakoti
Fri Dec 15, 2017 4:04 pm
Forum: Personal Consumer Issues
Topic: Dependent Childcare FSA
Replies: 3
Views: 432

Dependent Childcare FSA

We contribute $5000 per year for Childcare expenses. My daughter would be starting her Kindergarten 2018 - Sep. So 2018 could be the last year we can contribute pretax 5000 towards this expense. But Kindergarten is between 8 to 4, however montessori school does offer other programs between 4 to 6 PM...
by raamakoti
Fri Dec 15, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

Re: How to deal with Micro-manager

My first thought....how far down the road to financial freedom are you. I chant this daily, another day closer to retirement :) Stepping over to escalate will cause serious problems. She can respectfully ask but if it's this person's persona, it is what it is. +1 I second this. Through past experie...
by raamakoti
Fri Dec 15, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

Re: How to deal with Micro-manager

It's not this aspect, the "micro" aspect comes with work too, for example, a document will be reviewed and the feedback will not be about the quality of the content but about stuff like paraphrasing, including a "," etc.. While using company chatting also she feels it is silly that he uses many emo...
by raamakoti
Thu Dec 14, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

Re: How to deal with Micro-manager

As far as "abusing system", she is not sure if the manager had any bad experiences in the past, everyone in the current team though, is very professional, sincere and nice. She can't imagine any of them could be misusing and abusing the system. It could mostly be that he is seeing himself in others ...
by raamakoti
Wed Dec 13, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

Re: How to deal with Micro-manager

Weird of all (missed to mention) is that all his directs, when on conference call need to be unmuted, even when they are not talking. If he sees someone muted he would point out and ask them to unmute. Looks like he is a relatively newer manager, and had been with this one company ever since he is o...
by raamakoti
Wed Dec 13, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

Re: How to deal with Micro-manager

Is the manager the hiring manager? How does the manager interact with other direct reports? Men/women? Senior/junior? What kind of people does he treat with respect? I would not do a skip-level until she has attempted resolution with the manager. Yes - He is the hiring manager. Most of the team is ...
by raamakoti
Wed Dec 13, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4596

How to deal with Micro-manager

This is for my wife who used to work for a big health care company. She moved to an architect role in a new company. She is in her third week. Her manger is a micro manager and seems to throw sarcastic jokes and sentences at her all the time. She worked for fortune 500 companies. According to her ma...
by raamakoti
Wed Dec 13, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 2460

Re: Teaching elementary school kids about money

Teach them simple saying to influence their subconscious brain 1. Money is a tool of exchange, which can not exist if there are not people to produce goods 2. Stocks is the only commodity people don't buy when they are on sale? 3. Always buy stocks when the market crashes 4. Why buy soups when cerea...
by raamakoti
Mon Dec 11, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a mortgage with an almost non-existent rate
Replies: 15
Views: 1723

Re: Paying off a mortgage with an almost non-existent rate

How do you get a 0.125% mortgage? NACA's mission is to provide affordable homeownership with a focus on low- to moderate-income people and communities Targeted Members - Members whose income is less than 80% of the median income in the Metropolitan Statistical Area ("MSA") where the Member is purch...
by raamakoti
Mon Dec 11, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 13091

Re: 2018 financial goals - what are yours?

The current politixal environment is driving me crazy. Ask yourself every time something drives you crazy. By going crazy are you in anyway helping the situation to get better. If not then you can let go the crazy part and relax. I know this forum does not encourage political discussion but last No...
by raamakoti
Sun Dec 10, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 13091

Re: 2018 financial goals - what are yours?

We're also trying for a kid Don't forget to plan 529 plan. We are planning to experiment with living off of one salary, preferably lower one and save the entire higher salary for a year. We always spill over to the second one because of 1k we save every month for my girl's 529 plan. Dec 31 of this ...
by raamakoti
Sat Dec 09, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Same Multiple credit cards
Replies: 6
Views: 1048

Same Multiple credit cards

I have discover it and also chase credit cards. But I keep getting this promotional offer for 18months no interest and free balance transfer. And discover is offering cash back match at the end of the year. i.e. they will match the amount I earned through 1 years worth of purchase. My question is do...
by raamakoti
Sat Dec 09, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Simplisafe or ADT
Replies: 11
Views: 1787

Re: Simplisafe or ADT

Those are two different genres of alarm; I'll leave that discussion to others. But if you opt for the traditional (ADT style) monitored alarm, you want to read the fine print very carefully, and get a local alarm company to quote an install. At least a few years ago, the pricing model used by ADT a...
by raamakoti
Thu Dec 07, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Simplisafe or ADT
Replies: 11
Views: 1787

Re: Simplisafe or ADT

I wanted to understand what BH do for home safety Thanks for your help 5' high perimeter no climb fencing with a zillion volt hot line on it. Electric gates with keypad code. Wireless cameras. Nosy neighbors. Open grazing land with large fields of view. Attack horses. . . . guard cats. . . . j :D :...
by raamakoti
Thu Dec 07, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Simplisafe or ADT
Replies: 11
Views: 1787

Simplisafe or ADT

I wanted to understand what BH do for home safety
Thanks for your help
by raamakoti
Thu Dec 07, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: New to investing - Help with portfolio & basics
Replies: 11
Views: 1449

Re: New to investing - Help with portfolio & basics

Read Peter lynch books
Read Berkshire Hathaway letters to shareholders
Letters by Howard marks
Watch Value investing videos on YouTube
by raamakoti
Wed Dec 06, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 3591

Re: Work from Home Jobs

Working 100% from at home is a lot different than working at home a few days a week. Starting up her own business would also be an option to consider. Driving lessons and/or counseling might help make her a more confident driver. Moving to be close to a job is also and option to consider especially...
by raamakoti
Wed Dec 06, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 3591

Work from Home Jobs

How do people find work from home type jobs. The reason for asking here is to help my wife. She is not much of a driver, only drives for things which are in 10 mile radius and she never steps on highways. She has over 15 years of Java programming experience in various industries, automation, healthc...
by raamakoti
Wed Dec 06, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 9384

Re: Mortgage as percentage of take-home pay

NE Ohio - currently - mortgage + local taxes = 24.61% of net pay.
by raamakoti
Tue Dec 05, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: How many security Camera's
Replies: 15
Views: 1977

How many security Camera's

I am looking for some advise, the house is 2800 sqft on 0.71acre piece of land with nearby friendly neighbors. There 3 entrance to the house, on is garage, front and backyard. I was thinking of something like this https://m.costco.com/Arlo-Pro-Smart-Home-Add-on-Camera-2-pack.product.100347078.html i...
by raamakoti
Tue Dec 05, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 6496

Re: Mortgage is About To Be Paid - I'm Scared!

Any advice on how your mind changes once you have no debt? Any advice on how to be OK holding large sums of accounts? I am used to being 'under' something that I'm trying to get paid off. I am not used to having something and being on top of it. Thank you. First realize the simple truth of your bra...
by raamakoti
Sat Dec 02, 2017 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Mint.com or PersonalCapital.com
Replies: 11
Views: 1603

Mint.com or PersonalCapital.com

I was wondering if fellow bogleheads can please tell me which online tool they use to track their investments all in once place. I found mint is good with expense tracking but lack in portfolio management. Are people here skeptical about these free tools and stay away from it and use software on the...