Search found 52 matches

by jw2s
Tue Jul 28, 2020 8:07 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1221

Re: CARES act lets you take out retirement without penalty, when does it expire?

I was mildly looking into this but realized that I luckily am not eligible for it. I would check to make sure you meet the requirements.
by jw2s
Tue Jun 30, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

Hmmm, I closed a few weeks ago on a 2.875% 30yr fixed. Closing costs were, say, $2,000(I don't remember). Mostly Title fee. If my 'break even' point is a year from now, would it make sense to refinance again to a lower rate after a year? I'm regretting not doing a 'no cost' refi, but not knowing the...
by jw2s
Tue Jun 30, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

[/quote] If you pay for a lower rate now then you lose the opportunity to no cost refinance that rate in the future if rates decrease. Rates are going to be low for the next year or two. [/quote] Hmmm, I closed a few weeks ago on a 2.875% 30yr fixed. Closing costs were, say, $2,000(I don't remember)...
by jw2s
Wed Jun 17, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

Closed today on an investment property refinance with Northpointe at 2.875/15y/0pts. About $3k closing costs; rolled everything in and took the max $2k cash out. It took about 70 days to close; process was slow but hassle-free. My thanks to the BH community for bringing Northpointe to my attention-...
by jw2s
Sat Jun 13, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

I need help from more knowledgeable people. I think I have a good deal, but would like seasoned refinancer's to alert me to any red flags... 2.5yrs into a 30yr fixed 3.875% mortgage. No plans of moving. No PMI. LTV: 65% Locked a 2.875% 30yr $271,500 fixed with the following break-down: A. Originatio...
by jw2s
Wed Jun 03, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: What cellphone plan do you recommend?
Replies: 60
Views: 3885

Re: What cellphone plan do you recommend?

It depends on your situation. We have two lines on a prepaid plan with Verizon that includes 6 GB of data and unlimited calling and texting, and we pay $66/month, including all taxes and fees. We have the exact same plan. Turns out I don't use as much data as I think. We've never come close to goin...
by jw2s
Fri May 08, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Is it worth buying an infant car seat for each car.
Replies: 71
Views: 3323

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

Yes. I would/did buy another seat entirely. This way, you’re always covered. Somehow, someway, and for some unforseen reason, you will need the seat in your car that day....but it’s in the other car. A couple times a week? No brainer. Getting kids into the car, let alone playing musical seats prior ...
by jw2s
Thu May 07, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3526

Re: 15 year mortgage vs 30 year payoff in 15

For the 30yr, did you mean 3.5(not 2.5)?
by jw2s
Mon May 04, 2020 8:55 pm
Forum: Personal Consumer Issues
Topic: Steel-framed Residential Entry Doors
Replies: 34
Views: 2430

Re: Steel-framed Residential Entry Doors

ddurrett896 wrote:
Mon May 04, 2020 8:46 am
Valuethinker wrote:
Mon May 04, 2020 5:20 am
What happens if your local Fire Department has to gain entry?
Garage door.
They will, without fail, gain entry.

They have many tools and techniques to defeat steel doors.
by jw2s
Mon May 04, 2020 8:51 pm
Forum: Personal Consumer Issues
Topic: Steel-framed Residential Entry Doors
Replies: 34
Views: 2430

Re: Steel-framed Residential Entry Doors

Is there a difference between a steel-frame door and a steel door? This is an honest question, not sarcasm. Yes, there is a difference. The door itself. And the frame it is hung from. You can have a steel door set in a wood frame. The wood frame is the weak point. You can kick the door and break th...
by jw2s
Sat May 02, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36165

Re: Car Dealers not really wanting to make a deal

I believe there is a Pennsylvania garden club that is in the VIP program. $60 membership and they send you the VIP form the next day, at least that’s what I read on the Subaru forum page when we were looking at Ascents. [/quote] Pennsylvania Horticultural Society. $60 membership entitles you to Suba...
by jw2s
Tue Apr 28, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

I've spoken with a few lenders and a curious thing happened: I was not encouraged to lock in my rate(3.125 30yr fixed). I found this odd as other lenders try to get you to lock in, now. I was told about a week before closing I could lock in, that the rate would probably be lower by then. I think it...
by jw2s
Thu Apr 23, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

I've spoken with a few lenders and a curious thing happened: I was not encouraged to lock in my rate(3.125 30yr fixed). I found this odd as other lenders try to get you to lock in, now. I was told about a week before closing I could lock in, that the rate would probably be lower by then. I think it ...
by jw2s
Tue Apr 21, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

wootwoot wrote:
Mon Apr 20, 2020 8:39 pm
Locked a 3.25 30 year no cost refi today through Costco. No appraisal needed.
Wootwoot,

Would you mind sharing which lender you used through Costco? I spoke with 4 lenders today through Costco and 3.375 is the lowest I received on a 30yr fixed.

75% LTV
800+ credit
by jw2s
Mon Apr 20, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Helping deciding if i should purchase a truck
Replies: 26
Views: 1676

Re: Helping deciding if i should purchase a truck

Trucks are unbeatable for utility. If you're self-reliant, nothing else will suffice. It has been my experience in life that when I cheap out, I regret it later once the dust has settled. Buy once, cry once. On a non financial note, trucks are safe. You're in a better position if something happens o...
by jw2s
Mon Apr 20, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

[/quote] The whole kit and caboodle- Chase sent us their "initial" offer in the mail yesterday and their closing costs where $16k on a refi of 330k. Laughed and fed it to our shredder, and emailed them my current offer which they will try to match. We'll see. Do not be scared to call them up and tel...
by jw2s
Mon Apr 20, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4907
Views: 331606

Re: Refinance Mega Thread

First time refinancer hopeful. When you all say ‘closing costs’, are you referring to what you will be paying out of pocket at closing, or are you referring to the whole kit and caboodle: Origination fees Discount points Appraisal fee Title-Lender Title Insurance And the list goes on....to $11K! Rol...
by jw2s
Mon Apr 13, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 15843

Re: Coronavirus Flight Cancel Thread

I cancelled my March trip at the end of April. American Airlines gave me a credit that was initially good until 12/31/2020. I wasn't happy with this as the rest of the travel year is up in the air. The credit has now been extended until 12/31/2021, which is great in my opinion. Not eligible for a re...
by jw2s
Sat Mar 28, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8759

Re: how much cash do you keep at home?

No money in the house.
I buy everything with credit cards for the cash back rewards.
by jw2s
Sat Mar 28, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9614

Re: What is your AA, given your age ? and this crisis ?

1) 38yrs old. 80/20. Age-10 in bonds, but I guess I don't want to be too conservative since I have a long investment horizon so I made it 80/20. 2) I had no plan on gliding anything. 80/20 til later? Maybe at 45 or 50 start thinking about it. Or now, tonight. 3) I rebalanced when portfolio went 75/2...
by jw2s
Wed Mar 25, 2020 2:08 pm
Forum: Personal Investments
Topic: Thread: It’s your First recession (or not) and you’re staying the course
Replies: 65
Views: 3787

Re: Thread: It’s your First recession (or not) and you’re staying the course

I think I'm staying the course. I have fiddled, but don't really know if it 'counts' as market timing or deviating from the course. I was 80/20. I rebalanced when I was 5% off a few days ago to get back to 80/20. Today, I changed my automatic paycheck contributions to 100% VIIIX. I replay 'be greed...
by jw2s
Tue Mar 24, 2020 2:00 pm
Forum: Personal Investments
Topic: Thread: It’s your First recession (or not) and you’re staying the course
Replies: 65
Views: 3787

Re: Thread: It’s your First recession (or not) and you’re staying the course

I think I'm staying the course. I have fiddled, but don't really know if it 'counts' as market timing or deviating from the course. I was 80/20. I rebalanced when I was 5% off a few days ago to get back to 80/20. Today, I changed my automatic paycheck contributions to 100% VIIIX. I replay 'be greedy...
by jw2s
Sat Mar 21, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 9146

Re: Young investors, how do you feel about your 1st market crash?

AA is 80/20. I feel no anxiety over the market or what it does/has done. This is because 1) I believe my job to be stable, thus contributions will continue to go in automatically every pay, regardless of market ups/down 2) I have a 20+ yr retirement horizon 3) I'm actually too dumb to know how to se...
by jw2s
Thu Feb 21, 2019 1:16 pm
Forum: Personal Investments
Topic: Vanguard TIRA fund placement
Replies: 6
Views: 234

Re: Vanguard TIRA fund placement

Ahhhhhh, I think I understand. So, the 3K I rolled over was contributed 10yrs ago into my 401k, thus it is not a contribution this year. It is simply being rolled into this year's maximum contribution, but does not count towards the yearly maximum since it was physically contributed 10yrs ago. Thank...
by jw2s
Thu Feb 21, 2019 12:22 pm
Forum: Personal Investments
Topic: Vanguard TIRA fund placement
Replies: 6
Views: 234

Re: Vanguard TIRA fund placement

I called Vanguard. My Roth IRA is maxed out for 2018 and 2019. I didn't know this also meant my TIRA is maxed out, too. Sometimes I think I'm getting it, then this happens and I feel like a total idiot. Anyway, The 3k is sitting in the Vanguard Money Market Fund(Settlement Fund) for my TIRA. Vanguar...
by jw2s
Thu Feb 21, 2019 11:09 am
Forum: Personal Investments
Topic: Vanguard TIRA fund placement
Replies: 6
Views: 234

Vanguard TIRA fund placement

Hello, I don't believe this matters overall due to the small amount of money but I wanted to run it by smarter people than me. I have about 3K in the Vanguard Money Market Account(the 'holding cell' until I decide what to do with it.) This is a rollover from a 401K from many moons ago. It is my unde...
by jw2s
Mon Jan 28, 2019 12:57 pm
Forum: Personal Investments
Topic: Roth IRA or TIRA or pay down mortgage?
Replies: 8
Views: 542

Re: Roth IRA or TIRA or pay down mortgage?

1. You should continue to max all employer accounts with traditional not Roth contributions. Do you only have the 457b, and no access to a 403b through your employer? After maxing everything with traditional, Roth IRA for both of you make sense. Yes, I only have 457 with my employer. I do have a pe...
by jw2s
Mon Jan 28, 2019 11:44 am
Forum: Personal Investments
Topic: Roth IRA or TIRA or pay down mortgage?
Replies: 8
Views: 542

Roth IRA or TIRA or pay down mortgage?

Hello all, Im seeking advice on anything I can do better, or am doing wrong/least efficiently, with our portfolio: I'd like to know if it would be beneficial to start a Roth IRA or contribute more to a TIRA. I'm also thinking of making one of our portfolios 100% bonds for tax efficiency(if I'm corre...
by jw2s
Thu Jun 28, 2018 3:42 pm
Forum: Personal Investments
Topic: VFIAX and VEXAX? Or just one? [Vanguard 500 Index and Extended Market]
Replies: 5
Views: 1206

Re: VFIAX and VEXAX? Or just one?

It seems to me, then, that having both would mimic the entire stock market(since VEXAX covers mid and small cap stocks) and the VFIAX covers the large cap stocks. I would prefer to cover the entire domestic market. Since we're both 20+ years from retirement, being a bit aggressive(in my mind investi...
by jw2s
Thu Jun 28, 2018 2:47 pm
Forum: Personal Investments
Topic: VFIAX and VEXAX? Or just one? [Vanguard 500 Index and Extended Market]
Replies: 5
Views: 1206

VFIAX and VEXAX? Or just one? [Vanguard 500 Index and Extended Market]

<t>Vanguard 500 Index Admiral(VFIAX) ER 0.04<br/> Vanguard Extended Market Index Admiral(VEXAX) ER 0.08<br/> Vanguard Total Intl Stock Index Admiral(VTIAX) ER 0.11<br/> Vanguard Total Bond Market Index Admiral(VBTLX) ER 0.05<br/> <br/> My wife started a new job and has a 403(b) available to her. Lin...
by jw2s
Tue Jun 19, 2018 2:47 pm
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 1028

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

Hi fposte
The link is coming up as bad. Can you repost it?
by jw2s
Tue Jun 19, 2018 2:19 pm
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 1028

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

This is great stuff. Thank you all for your input. Spencer99 you're right. I may not drop into a lower tax bracket at retirement due to my pension and RMD. I do not have social security yet. I have to work one more quarter in the private sector to qualify for it. This factors in now, too. If I colle...
by jw2s
Tue Jun 19, 2018 10:34 am
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 1028

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

I forgot to add a tidbit. I do have a pension, so I will be getting taxed on that, too. I will be taxed on my pension as well as my 457 when I retire. This makes me want to add a Roth for both myself and my wife so we have some income that is not taxed at retirement. Does this seem logical or am I m...
by jw2s
Tue Jun 19, 2018 10:06 am
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 1028

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

Thank you soccerrules and nightfall I do save. A lot by everyone else's standards, but to Bogleheads, not enough! I max out my 457. My employer does not match anything. I am aware of a 457 not being mine until I retire. I feel safe as my employer is governmental and isn't going anywhere. I lump 457,...
by jw2s
Tue Jun 19, 2018 9:24 am
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 1028

Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

Hello everyone, I max out my 457 every year. My wife started a new job and has a 403(b) option now. After reading and reading and reading, I'm still unsure if it would be wise for her to max out her 403(b) or possibly set up a Roth IRA so that we can cover 'both bases' insofar as taxes go. Or split ...
by jw2s
Mon Nov 20, 2017 2:19 pm
Forum: Personal Investments
Topic: Transferring all funds to new elections
Replies: 7
Views: 644

Re: Transferring all funds to new elections

Hi Alexa and Paul Below was my former investment election(I switched it last week) and the corresponding ER's: I still have money sitting in these funds and am deciding on how much and where to allocate into the new investment election. I wanted to lower all of my ER's while covering the total domes...
by jw2s
Mon Nov 20, 2017 11:01 am
Forum: Personal Investments
Topic: Transferring all funds to new elections
Replies: 7
Views: 644

Re: Transferring all funds to new elections

Oops
I apologize
This is a 457 tax deferred account
by jw2s
Mon Nov 20, 2017 10:51 am
Forum: Personal Investments
Topic: Transferring all funds to new elections
Replies: 7
Views: 644

Transferring all funds to new elections

Hello everyone, Before I do this, I wanted double check with more intelligent investors and see if what I'm thinking is a good move. This is what I had as my investment elections: Vanguard Target Retirement 2040 Fund 60% Dodge & Cox International Stock Fund 15% AllianzGI NFJ Small-Cap Value Fund - I...
by jw2s
Thu Nov 16, 2017 7:27 pm
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

Thank you for your cautionary advice. I'm very aware that I know next to nothing, but it does not dissuade me from venturing out and learning how to be an informed, active investor. I've been invested in a Target Fund for over 9 years. I'm willing to get out of it and start learning new ways of inve...
by jw2s
Thu Nov 16, 2017 10:08 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

If you don't do anything, it just sits there. Your 401k will have another set of options for reallocating money already in your account. So, does this mean I essentially have 8 'places' to put my deferred comp deductions? I have $xxxxxx in my 'old' portfolio that is now sitting there(the 4 previous ...
by jw2s
Thu Nov 16, 2017 4:30 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

A total newb question again... To preface this, I am reading 'The Boglehead's Guide to Investing' currently so please don't think I'm not putting effort into this. I do like the opinions of more knowledgeable investors and have gained some very welcomed insight from you all! I changed my asset alloc...
by jw2s
Thu Nov 16, 2017 3:49 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

Hi Hyperborea, I have been in my current allocations since 2008. To be honest, somebody told me what to put my deferred comp into and I did. I am only now, sadly, informing myself of where/how my money has been invested. I was of the mindset 'set it and forget it' which is what I did. I am going to ...
by jw2s
Wed Nov 08, 2017 8:57 pm
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

onthecusp said it much better then I did. I would want to build up a very good foundation of the three fund portfolio before starting to putting money into a high volatile SC fund. Badbreath, When you say foundation, do you mean money? I have low six figures tied up in these right now: Vanguard Tar...
by jw2s
Wed Nov 08, 2017 8:42 pm
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

The book "The Boglehead's Guide to Investing" would be a great start to your education. It is a very easy ready, meant for newbies, and will give you all of the background necessary to understand the reasons for these suggestions, plus more. You can also find the information in the wiki here, but t...
by jw2s
Wed Nov 08, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 38513

Re: How old are you and how much do you save for retirement a year

It's funny. Talking to people at work I feel like I'm the only one in the world saving for retirement. Reading on here I feel like I am not doing nearly enough. I second this! People at work think I'm crazy because I max out my 457 plan($18,000/yr) but when I come on here, I feel like I'm so far be...
by jw2s
Wed Nov 08, 2017 5:23 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

I did not suggest mid cap because the Institutional fund already have some in it. Yes I did suggest the low er because of cost it can make-save you thousands in the long run. I did not suggest small cap as I would rather you get comfortable with the three fund before you invest in small cap. What I...
by jw2s
Wed Nov 08, 2017 5:15 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

So although your selected funds look like they are all stock funds, 13.5% (9.6 + 3.9%) of the Retirement 2040 Fund (which is 60% of your portfolio, means that your portfolio is currently 8.1% (0.135 * 0.60) in bonds. If you want to re-balance easier in the future (exchange some stock funds for bonds...
by jw2s
Wed Nov 08, 2017 5:12 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

Returns since inception are mostly useless for comparison purposes, since most funds may have wildly different inception dates. I see. I guess a longer lasting fund is more reliable? The only thing expense ratio correlates with is the amount you pay to the fund company. The main reason index funds g...
by jw2s
Wed Nov 08, 2017 5:09 am
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

I'm curious why the Vanguard Target 2040 was eliminated? Too moderate? See below. [/quote] I think you should consider using only a Vanguard Target Retirement fund, one that has an asset allocation close to your desired AA. The TR fund you are using is 85% equities, 15% bonds. The 2030 fund is at 75...
by jw2s
Tue Nov 07, 2017 8:47 pm
Forum: Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 5435

Re: So new, it hurts to even think about it.

Thank you for replying Badbreath, I like the idea of only having 3 funds. I'm curious as to why you suggested the funds you did. I see you picked the funds with the lowest ER. Is this the sole basis? Should I look at other numbers? I see some funds have higher returns with higher ER's, but don't kno...