Search found 623 matches

by kd2008
Mon May 25, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Little decrease in premium after removing older car
Replies: 15
Views: 1297

Re: Little decrease in premium after removing older car

Please post the itemized policy cost numbers. No need for conjecture. It should have three components: liability coverage - common for all vehicles, then for each car comprehensive, collision etc. A fourth section - usually on some random page should list all the discounts. Usually when vehicles are...
by kd2008
Sat May 16, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: What to do with canned chicken?
Replies: 45
Views: 3318

Re: What to do with canned chicken?

https://bushbeans.com/en_US/recipe/clas ... cken-chili

Best use of canned chicken IMO. Made it a million times. You add toppings/ garnishes of your choice.
by kd2008
Thu May 07, 2020 7:20 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 5017
Views: 436315

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

UPRO has changed to 2x since start of April 2020. TMF is still 3x. How does this change affect the strategy? Did you guys up your UPRO allocation? ??? according to the prospectus and proshares.com, it's still a 3x fund. it also returned almost exactly 3x the return of SPY last month... I am sorry. ...
by kd2008
Thu May 07, 2020 5:32 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 5017
Views: 436315

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

UPRO has changed to 2x since start of April 2020. TMF is still 3x. How does this change affect the strategy? Did you guys up your UPRO allocation?

Edit: my bad, I mixed up sector leveraged ETF with this one. Apologies.
by kd2008
Fri May 01, 2020 2:18 pm
Forum: Personal Investments
Topic: Need the bogleheads wisdom-layoff
Replies: 11
Views: 1873

Re: Need the bogleheads wisdom-layoff

As you have 50x your expenses, you are free to choose what you think is right. You have earned your freedom, so do use it, and use it wisely. Take your time to process what has happened. Make sure you have adequate cash till the severance is actually paid out. You prepared well so you get to march o...
by kd2008
Tue Apr 28, 2020 8:32 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19870

Re: Why am I even saving for retirement?

For those who are questioning the calculator, here is my raw data. If I am doing it wrong please let me know. My age is 34. Let me know what I'll be receiving at age 70 if I (a) stopped working now, (b) stopped working in 10 years, (c) stopped working in 25 years. My wife has very similar numbers, ...
by kd2008
Mon Apr 27, 2020 5:15 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19870

Re: Why am I even saving for retirement?

I paid off my first condo that had a mortgage of 0.3x of my income in less than five years post-great-recession but during those five years stock market essentially doubled. It was an important lesson learnt. Risk is not equal to reward but without risk there is no reward. That's called confusing s...
by kd2008
Mon Apr 27, 2020 4:42 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19870

Re: Why am I even saving for retirement?

Unless you are depending on the generosity of others, everybody makes a house payment. Explicitly or implicitly. Implicit house payments are a lot easier to make than explicit ones. Only because you explicitly made the payment in the past, and are ignoring the opportunity cost of that payment in th...
by kd2008
Sat Apr 25, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

More updates: 1. We invested $100K in the market, 70:30 VTSAX:VTIAX 2. Our refi got funded and old loan has been paid off 3. There were some positive income changes, so we may not have withdraw $18000 from taxable each year. That number may be $10000 to $4000. 4. Funded my HSA (I do it outside of pa...
by kd2008
Mon Apr 20, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

We closed on our refinance today. Original: 3.75% current balance $202,765, and 5 months into 30 year mortgage w/ escrow New: 2.875% and $208,000 with all closing costs rolled in (our state has high costs due to title work and appraisal was not waived) and escrow waived. We will get $1000 back once ...
by kd2008
Mon Apr 20, 2020 8:11 am
Forum: Non-US Investing
Topic: Consolidated investing/tax saving plan for h1b, moving back to India
Replies: 2
Views: 222

Re: Consolidated investing/tax saving plan for h1b, moving back to India

I tried to get a consolidated longterm plan for a person who worked in US and moved to India , looked at multiple places in web, but I still have some questions I(M-33yrs) am on H1b, have been here 5 years, planning to stay for 2 more years(I will also get RNOR status in India, since my stay is > 7...
by kd2008
Sat Apr 18, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30624

Re: My theory about FIRE

I have a PhD in Mechanical engineering. It was a long hard road. The pay post graduation is nothing better than most engineer jobs. I missed out on developing a lot of my interests into hobbies due the demands of my PhD. FIRE was something I actively sought thinking it would cure all afflictions. We...
by kd2008
Thu Apr 16, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30624

Re: My theory about FIRE

Should I go back and tell them I don't agree with the rating since I don't want it on my record. But I could volunteer to be laid off if it happens? I don't know if the ratings will affect severance pay. They could say you're underperforming, so not getting any? The review is done. It is behind you...
by kd2008
Thu Apr 16, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30624

Re: My theory about FIRE

How to know when to walk away from a high paying job? I was so pissed with my performance review and lost sleep over it. I felt compelled to turn in my resignation since I do have enough FI. But it's coronavirus time, so should I just lay low and hang on until things get better? For insurance and e...
by kd2008
Tue Apr 07, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

RobLyons wrote:
Tue Apr 07, 2020 4:12 pm
Currently 22 years left in a 30 year conventional, and I was just quoted a 15 year refi at 2.375% from Northpointe Bank with no points. Quite tempting.
Are there any points or origination fee associated with it? If not, then go for it ...
by kd2008
Thu Apr 02, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinance - Help reviewing offer terms
Replies: 17
Views: 809

Re: Home Refinance - Help reviewing offer terms

Do two scenarios: Scenario #1 New loan $198,400 New rate 3% 30yr loan Total closing costs $0 Scenario # 2 New loan $190,415 New rate 3% 30yr loan Total closing costs $4,463 (in addition you will pay prepaids at closing) Out-of-pocket prepaids are not considered closing costs. As your emergency funds...
by kd2008
Thu Apr 02, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinance - Help reviewing offer terms
Replies: 17
Views: 809

Re: Home Refinance - Help reviewing offer terms

Does it make since to increase my principal balance by 8k and extend the loan 2 years for the lower rate? If you are at all able to pay closing costs upfront, that is highly preferable. There is no need to pay interest on those closing costs for 30 years. It's a waste of money. How large is your em...
by kd2008
Thu Apr 02, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinance - Help reviewing offer terms
Replies: 17
Views: 809

Re: Home Refinance - Help reviewing offer terms

I'm just choking on the $9k of costs. That's outrageous. While I love the idea of dropping the rate, look for a no cost or low cost lender... Rather than that 4% up front hit! That's really steep. Just my thoughts. Check some of the refinance options on nerdwallet.com to see if you can find a bette...
by kd2008
Wed Apr 01, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with the I-95 Florida checkpoint?
Replies: 12
Views: 2086

Re: Anyone have experience with the I-95 Florida checkpoint?

Is this travel necessary? I thought NC had issued a shelter-in-place order. Just avoid situations where social order can breakdown. If you know there is a pile up of traffic ..do not begin your journey. Stay safe where you are. We are going to get my wife's mother so we can help support isolate her...
by kd2008
Wed Apr 01, 2020 1:06 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with the I-95 Florida checkpoint?
Replies: 12
Views: 2086

Re: Anyone have experience with the I-95 Florida checkpoint?

Is this travel necessary? I thought NC had issued a shelter-in-place order. Just avoid situations where social order can breakdown. If you know there is a pile up of traffic ..do not begin your journey. Stay safe where you are.
by kd2008
Wed Mar 25, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: refinance roll in closing costs or pay cash??
Replies: 12
Views: 741

Re: refinance roll in closing costs or pay cash??

We are in exact same situation as you. $203K mortgage at 3.75% for 30 years currently. Refinancing it to $208K mortgage at 2.875% for 30 years with closing costs rolled in at our credit union. (Final amount may be lower as the payoff is based on when I applied..and there would be two mortgage paymen...
by kd2008
Mon Mar 23, 2020 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 1913

Re: Opening a new HELOC during the Coronavirus

You get a rate discount for setting up automatic payments and another 10bps per $10k of initial draw with a $100k line. There’s a downside, $450+doc stamp cost penalty for closing the HELOC within 3yrs. 2.74% is Prime - 1.51% because of an update lag. It should drop to 1.74% soon. it is now showing...
by kd2008
Thu Mar 12, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

We have a $204,000 mortgage at 3.75% with 30 years remaining (obtained 2 months ago). Approx $11,500 in annual mortgage payments. We are expecting real estate sales proceeds from our previous home to the tune of $135,000 in next 30 to 45 days. We also have $200,000 in taxable account with about $70...
by kd2008
Thu Mar 12, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

50% LTV, 850+ FICO score. I am getting 2.75% for 30 years fixed. However I will need to incur some closing costs ( may be around $3500), I should know this today. They quoted 2.75% yesterday, I provided all the paperwork but my application did not go through because of high work-load on the agent. ...
by kd2008
Tue Mar 10, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

50% LTV, 850+ FICO score. I am getting 2.75% for 30 years fixed. However I will need to incur some closing costs ( may be around $3500), I should know this today. They quoted 2.75% yesterday, I provided all the paperwork but my application did not go through because of high work-load on the agent. ...
by kd2008
Mon Mar 09, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

our current rate is 3.75% with local CU - 4 months into the mortgage. Locked at end of Feb with Lenderfi at 3.25% w/ $500 lender credit - this brought closing costs to $2,500. We paid for appraisal $500 already charged to credit card. Received the report today. (Lifetime interest savings of $21,000)...
by kd2008
Tue Mar 03, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1686
Views: 152823

Re: Refinance Mega Thread

I am in the process of refi with Lenderfi. I locked the rate about a week ago. Now if I check the rates on the website, the rates have gone up. Do you think it is their cookies playing a number on me? I am having a hard time believing this is the case. Just wanted to check how much lower have the ra...
by kd2008
Fri Feb 21, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

Anyways, no one has actually answered my question so far. I personally would do trad 401k X 2 and two roth ira and HSA. Would you then have enough to live without withdrawing anymore from savings. Contributing to an after-tax 401k (you did not answer if you are then rolling that to roth ira or not)...
by kd2008
Fri Feb 21, 2020 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

AGI after IRA partial deduction = 103K What IRA are you contributing to? Are you rolling over the after tax 401k to roth ira? I personally would do trad 401k X 2 and two roth ira and HSA. Would you then have enough to live without withdrawing anymore from savings. It does not work that way. I am in...
by kd2008
Thu Feb 20, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

kd2008, <<We are in 12% bracket>> If you are in the 12% tax bracket, why not? You could max up 2 x Trad. 401K (19.5K) = 39K and get within the range. What do I miss here? KlangFool MFJ Gross income = 174 K including 401k match and 11K in cap gains MAGI = 112 K after reductions for pre-tax 401k x2, ...
by kd2008
Thu Feb 20, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

KlangFool wrote:
Thu Feb 20, 2020 4:52 pm
OP,

Do you qualify for the following tax credits?

https://www.bogleheads.org/wiki/Saver%27s_credit

https://www.irs.gov/credits-deductions/ ... tax-credit

KlangFool
No, we do not.
by kd2008
Thu Feb 20, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Re: Mortgage reduction vs other considerations

What is your full financial picture? At the very least: how much do you have saved in pre-tax accounts? Are you above the direct Roth IRA phaseout, based on income? What is the tax drag on the taxable account? We have $950,000 in pre-tax and roth accounts. My spouse will retire in 4-6 years. I will...
by kd2008
Thu Feb 20, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage reduction vs other considerations
Replies: 14
Views: 1387

Mortgage reduction vs other considerations

We have a $204,000 mortgage at 3.75% with 30 years remaining (obtained 2 months ago). Approx $11,500 in annual mortgage payments. We are expecting real estate sales proceeds from our previous home to the tune of $135,000 in next 30 to 45 days. We also have $200,000 in taxable account with about $70,...
by kd2008
Thu Feb 06, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterized - efiling & attaching statement with tax return
Replies: 2
Views: 228

Recharacterized - efiling & attaching statement with tax return

1. I contributed $6000 to Roth IRA in July 2019 for tax year 2019 2. I recharacterized $4000 of that contribution in Jan 2020. I did this myself online at Vanguard. Everything went per plan. Vanguard transferred contribution+earnings to Trad IRA. 3. I prepared my tax return on H&R block. I entered r...
by kd2008
Mon Jan 27, 2020 8:26 pm
Forum: Personal Investments
Topic: Should I refinance house?
Replies: 6
Views: 639

Re: Should I refinance house?

OP, you should refi. Instead of focusing just on numbers see it as putting yourself in a better position no matter what the future brings.

I sent you a PM requesting info on the broker.

Thanks
by kd2008
Wed Oct 30, 2019 11:52 am
Forum: Personal Investments
Topic: BoA Platinum Honors: Transfer Question (from Fidelity and Vanguard)
Replies: 8
Views: 864

Re: BoA Platinum Honors: Transfer Question (from Fidelity and Vanguard)

When one converts Vanguard funds to ETF, does Vanguard transfer the cost basis too? Or do we have ot keep track of it?
by kd2008
Sun Oct 27, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: ACA 2020 pricing [What's your 2020 pricing?]
Replies: 38
Views: 4618

Re: ACA 2020 pricing [What's your 2020 pricing?]

2020 rates aren't currently easy to find, but CMS released public use files earlier this week that contains the rates for all plans. You can search for rates as follows: 1. Go to https://data.healthcare.gov 2. Sort by "Recently Added" 3. Select "Rate PUF - 2020" 4. Click "View Data" 5. Click "Filte...
by kd2008
Tue Sep 24, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Inside dishwasher smells after cleaning dishes...
Replies: 24
Views: 1565

Re: Inside dishwasher smells after cleaning dishes...

Most dishwashers have a filter in the drain. Check yours that it is clean. Most likely clogged with gunk.
by kd2008
Wed Jul 31, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Sell paid off house, invest proceeds and rent
Replies: 47
Views: 4089

Re: Sell paid off house, invest proceeds and rent

My parents who are 70+ did some thing simliar. 650k netted from home sale and rented a place of similar square footage with new construction for 27k. They can call the landlord and have all the maintenance done. At their age it is understandable. They do not live in the US. The interest earnings in ...
by kd2008
Wed Jun 26, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 5136

Re: Am I falling into the trap of judging everything through cost lens?

LookingForward wrote:
Wed Jun 26, 2019 2:44 pm
I learned about the trick about booking business class tickets AND a one-night stay at a hotel at Expedia for huge savings, we're paying with money. I'll use the points for something else.
Could you please elaborate on this? Where can I find info on this?

Thanks!
by kd2008
Tue Jun 25, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 14726

Re: How did you lower your annual expenses?

Align your spending with your values. Reducing them beyond a certain point will yield no satisfaction, may be even a feeling of deprived or resentment.
by kd2008
Tue Jun 11, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 992
Views: 333936

Re: Variable Percentage Withdrawal (VPW)

OK. There's a bug in the spreadsheet. I'll fix it later today. Thanks for alerting me about it. In the retirement tab, when the pension bridge cost is zero (B50 through B53 are all zero), the pension bridge funding ratio formula: 1 - B57/SUM(B50:B53) ends up having a division by zero. That formula ...
by kd2008
Sun May 26, 2019 8:33 pm
Forum: US Chapters
Topic: Retiredjg at 36,000 posts!
Replies: 34
Views: 3165

Re: Retiredjg at 36,000 posts!

Thank you retiredjg! You are simply kind, generous, thoughtful and amazing!
by kd2008
Mon Apr 29, 2019 7:59 pm
Forum: Personal Investments
Topic: So, I want to Retire - Help ?
Replies: 51
Views: 8737

Re: So, I want to Retire - Help ?

OP, Understand carefully what counts as income for ACA subsidy. Arrange assets so that you can pay for expenses without incurring income. Search forum for such posts. Avail subsidy. Bingo! You can retire today. OP, I am appalled at the posters claiming you cannot retire today. The tone and lack of u...
by kd2008
Fri Mar 01, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 12909

Re: When were you convinced that you had more than enough money?

I do not understand the irrational fear of people who have posted in this thread above. Take a look at a whole spectrum of outcomes for the population in their old age. You are more than likely in top 2%. Chances of dire outcome of being a charity case in old age is so small. Why do you fear that o...
by kd2008
Fri Mar 01, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 12909

Re: When were you convinced that you had more than enough money?

I do not understand the irrational fear of people who have posted in this thread above. Take a look at a whole spectrum of outcomes for the population in their old age. You are more than likely in top 2%. Chances of dire outcome of being a charity case in old age is so small. Why do you fear that ou...
by kd2008
Mon Feb 25, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire in July 2019?
Replies: 30
Views: 5594

Re: Can I Retire in July 2019?

OP, while you are on COBRA, arrange your assets to reduce AGI until you are 65. Please read up and act on getting your modified AGI as closed to 250% of federal poverty level (FPL) or if you cannot do that, try to have it under 400% of FPL to receive subsidies under ACA. Price and see plans in your ...
by kd2008
Tue Feb 19, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA forces me to deduct tIRA contribution--does it matter?
Replies: 18
Views: 1208

Re: FreeTaxUSA forces me to deduct tIRA contribution--does it matter?

Please checkout proper steps here: https://thefinancebuff.com/how-to-backdoor-roth-freetaxusa.html The above blog post details all the steps one would follow for backdoor Roth. What is the code on your 1099-R? If you tIRA was deductible then steps might be different and what you are seeing may be ri...
by kd2008
Wed Feb 13, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fast turnaround on Federal Tax
Replies: 40
Views: 4125

Re: Fast turnaround on Federal Tax

We filed our taxes on Friday night, Feb 8. Standard deduction but lots of 1099s, HSA etc.

Today the status updated to "refund approved"

Scheduled to hit our bank account on Friday, Feb 15.

Awesome! Superfast!