Search found 128 matches

by raamakoti
Fri Jan 18, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving
Replies: 7
Views: 762

Re: Is it worth moving

Olemiss540 wrote:
Fri Jan 18, 2019 5:37 pm
Consider VUSXX with a 2.3% yield and state tax free. Dont have to chase rates as they go up when rates go up.
It has expense ration of 0.09% -
whats the maintenance fee for this account?
by raamakoti
Fri Jan 18, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving
Replies: 7
Views: 762

Is it worth moving

My Online savings account is offering me 2.1%. and it has $50k as my rainy day fund. Citizen access is offering 2.35% - is it worth moving money to get additional 0.25% and create another account. Over the years I had done that, now total about 9 banks have my personal info and the junk just keep pi...
by raamakoti
Tue Jan 15, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Job Loss Checklist
Replies: 18
Views: 1910

Re: Job Loss Checklist

Sorry to hear about your loss - I am going through this phase right now. 35 days nothing so far. if you have a library card get the book or download audiobook 60 seconds and you're hired - by Robin Ryan I like the 125 questions they give out and you prepare the answers well in advance. In spreadshee...
by raamakoti
Thu Jan 10, 2019 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Mint.com
Replies: 10
Views: 1543

Mint.com

I have been using mint.com for a decade, personally it helped me a lot to develop the discipline i needed to be more methodical. Now a days I get only useless alerts. Its budgeting and trend features are becoming painful to navigate, old closed accounts are piling up. Has anyone felt the need to del...
by raamakoti
Thu Jan 03, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: Porting from a family plan to Google Fi
Replies: 29
Views: 1678

Re: Porting from a family plan to Google Fi

I thought google Fi would be great but does not seem that way H20 wireless, flat fee $36 per line unlimited calling & Text - in USA unlimited international call - calls longer than 60 min will be disconnected you have dial again. 6 GB LTE data/ line - thats a huge plus compared to Google. $10/ GB is...
by raamakoti
Thu Dec 27, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Loss of Job
Replies: 12
Views: 1463

Re: Loss of Job

Sorry to hear about the loss of job. We will need a lot more information to make a valued analysis. Are you in New York (high state income tax, high COL) or Florida (Lower cost of living, no state tax on that lump sum)? Is your house almost paid off? Interest rate? Monthly expenses? It's all releva...
by raamakoti
Thu Dec 27, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Loss of Job
Replies: 12
Views: 1463

Re: Loss of Job

Sorry to hear about the loss of job. We will need a lot more information to make a valued analysis. Are you in New York (high state income tax, high COL) or Florida (Lower cost of living, no state tax on that lump sum)? Is your house almost paid off? Interest rate? Monthly expenses? It's all releva...
by raamakoti
Thu Dec 27, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 54
Views: 5217

Re: Dave Ramsey

Dave Ramsey says he owns a “good growth mutual fund” that averages 14% per year and has done so for 75 years. Does anyone know what it is? American Funds Investment Company of America. I believe it is closer to 12% than to 14%, however. Ticker AIVSX https://www.americanfunds.com/individual/investme...
by raamakoti
Thu Dec 27, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Loss of Job
Replies: 12
Views: 1463

Loss of Job

last week my company decided to shut its doors and let everyone go. They are offering close to $47k in vacation pay, severance, and few other things combined (BEFORE TAX) . I have few interviews lined up and may find job in few months. if I find a good job paying more or less what I was making, then...
by raamakoti
Thu Oct 11, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Hazard Insurance
Replies: 12
Views: 605

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: 605

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: 605

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: 605

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: 3627

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: 3627

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: 3627

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: 3627

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: 3627

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: 3627

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: 3627

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: 3627

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: 1766

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: 980

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: 8549

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: 1081

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: 2588

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: 2208

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: 2208

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: 2315

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: 740

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: 2315

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: 2315

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: 1822

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: 11565

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: 1609

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: 8139

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: 662

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: 452

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: 4632

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: 4632

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: 4632

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: 4632

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: 4632

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: 4632

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: 2476

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: 1746

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: 13187

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: 13187

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: 1058

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: 1835

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...