Search found 10 matches

by cchan05
Wed Feb 24, 2021 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating mortgage interest deduction after a refinance
Replies: 10
Views: 1371

Re: Calculating mortgage interest deduction after a refinance

TurboTax's posted solution is to enter information from both the old and new 1098s as though they were a single loan. I've done this, and this makes sense in the abstract, but I'd feel more confident about the result if I could back into the numbers myself. Specifically, I'd like to understand how I...
by cchan05
Wed Feb 03, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: understanding breakeven
Replies: 2
Views: 349

understanding breakeven

We're debating whether to refinance our home a second time in a year, and are calculating the breakeven point to help us make the decision. Details: 1st refinance (Started 5/2020): $1.35M balance, 3.125%, 30-year fixed, $5,901 per month Proposed refinance: 2.75%, 30-year fixed, $5,531 per month, $6K...
by cchan05
Fri Jan 03, 2020 3:43 pm
Forum: Personal Investments
Topic: rebalancing tips
Replies: 10
Views: 635

Re: rebalancing tips

Therefore, if it were me, I'd direct all new contributions to only those positions that are below their target allocations. But if we were to do so, would it mean we'd be foregoing the benefits of dollar cost averaging for other positions? This was why we decided to try 70/30 Intl./U.S.; we'd be ge...
by cchan05
Fri Jan 03, 2020 2:36 pm
Forum: Personal Investments
Topic: rebalancing tips
Replies: 10
Views: 635

Re: rebalancing tips

Do you mean 70/30 Equity/Bonds? Or are you 100% Equity and targeting 70/30 US /Int'l? We're targeting 85/15 Equity/Bonds, and within Equity, a 70/30 U.S./Intl split. I just wanted to keep the question simple, we figured whatever plan we adapted to get to our ideal U.S. / Intl split could be applied...
by cchan05
Fri Jan 03, 2020 1:47 pm
Forum: Personal Investments
Topic: rebalancing tips
Replies: 10
Views: 635

Re: rebalancing tips

Thanks dbr. It is not unreasonable to take three years to move an allocation by 5% if you want to do that. 70/30 and 75/25 are more or less the same thing anyway. Personally I would just make the move at once and not mess around with it for so long. Sounds good. So we'll exchange U.S. for Intl in ou...
by cchan05
Fri Jan 03, 2020 1:33 pm
Forum: Personal Investments
Topic: rebalancing tips
Replies: 10
Views: 635

rebalancing tips

Hi Bogleheads, My family's desired asset allocation is 70/30 U.S./Intl. We are currently at 75/25. About half of our assets are in retirement accounts (68/32 U.S./Intl.), and half are in non-retirement brokerage accounts (86 U.S./14 Intl.). What is the best technique for achieving our desired asset ...
by cchan05
Wed Jan 01, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: refinance advice
Replies: 5
Views: 483

Re: refinance advice

Thanks lkar. Forget about monthly payment to figure the cost of the prepayment penalty. If you want to ballpark it, just look at the yearly difference in interest that you will pay by cutting your interest rate .275%. Looking at Bankrate's calculator I'm seeing a bunch of ways to think about the bre...
by cchan05
Wed Jan 01, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: refinance advice
Replies: 5
Views: 483

refinance advice

Hi, we're California residents considering refinancing our home. Loan Start / Type: Aug 2018, 30-year Fixed Original Loan: $1,420,000 Original Rate: 4.15% Current Principal: $1,382,837 (we made a couple add'l payments) Proposed Loan: $1,382,837 Proposed Rate: 3.875% Fixed Loan Term: 30-year The cost...
by cchan05
Fri Dec 27, 2019 2:04 pm
Forum: Personal Investments
Topic: 529 Advice for California Resident
Replies: 18
Views: 1876

Re: 529 Advice for California Resident

I've been invested in the CA Scholarshare Plan for over 20 years and into the distribution phase of the plan. It's changed management firms a few times and is currently run by TIAA/CREF. Despite the fact that CA allows no state tax deduction for investors, I have found the program to be very good. ...
by cchan05
Thu Dec 26, 2019 6:33 pm
Forum: Personal Investments
Topic: 529 Advice for California Resident
Replies: 18
Views: 1876

529 Advice for California Resident

Hi Bogleheads, my wife and I would like to open a 529 by the end of the year, and have narrowed it down to the following options: CA, NV, UT, VA and IL. These plans came to our attention because they've had high ratings on Morningstar and/or highly recommended on forums like Bogleheads. As CA reside...