Search found 312 matches

by il0kin
Wed Apr 22, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Work Hours Reduced and then Furloughed
Replies: 37
Views: 5425

Re: Work Hours Reduced and then Furloughed

I would take all the vacation days you have available and then file for unemployment. If you end up being laid off instead of furloughed, they may not be required to pay you for those days, so you should get the cash while it’s available. I would also not contribute to retirement funds during this t...
by il0kin
Fri Apr 17, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Can anyone give some input on a 20 year loans? I keep hearing a lot about 30 and 15 with not much info around 20 year. Any caveats that I need to be aware of? We are 2 years into a 30 year mortgage and would like to refi. The monthly payment for 15 year appears to be a little too tight for us and w...
by il0kin
Fri Apr 17, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Can anyone give some input on a 20 year loans? I keep hearing a lot about 30 and 15 with not much info around 20 year. Any caveats that I need to be aware of? We are 2 years into a 30 year mortgage and would like to refi. The monthly payment for 15 year appears to be a little too tight for us and w...
by il0kin
Wed Apr 15, 2020 3:04 pm
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 92
Views: 5453

Re: Convince me - for or against bigger home

You don’t have a house problem, you have behavioral problems. Your kids should not be in your bedroom, period, unless they’re invited for a morning cuddle. And a whole room devoted to prayer? I don’t think God decides who gets into heaven based on square feet of space used to pray. You’re trying to ...
by il0kin
Tue Apr 07, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16329

Re: What percentage of your paycheck do you invest?

17% including match for me, 20% including match for wife, and several hundred into liquid savings every check to pay for running expenses such as home and auto repairs, vacations and then just general expenses. It was higher (20%) for me, but we are paying cash for my Masters degree. 15% is great, d...
by il0kin
Thu Apr 02, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 167
Views: 9233

Re: Are your personal expenses down during stay home and shelter?

I have to ask, because $500/week for dining out is something I can’t even imagine, why? I don’t mean to be negative or harsh as obviously it’s affordable for you and by all means spend your money how you choose, I just can’t imagine that $26,000 yearly in food could easily be halved and saved in re...
by il0kin
Thu Apr 02, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 167
Views: 9233

Re: Are your personal expenses down during stay home and shelter?

Definitely down, mainly food (Friday evening dinner) and we have been carefully asking whether purchases are worth it. I have to ask, because $500/week for dining out is something I can’t even imagine, why? I don’t mean to be negative or harsh as obviously it’s affordable for you and by all means sp...
by il0kin
Thu Apr 02, 2020 9:10 am
Forum: Personal Investments
Topic: Does anyone else just not care/worry?
Replies: 139
Views: 9622

Re: Does anyone else just not care/worry?

I work in healthcare and am more worried about potential job impact, more than what my portfolio has done. I would think that healthcare jobs would be the most stable at this time. what factors are causing the worry? Not all healthcare jobs are stable. Hospital system furloughs 500 workers amid fin...
by il0kin
Sun Mar 29, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 12676

Re: How are you going to use your stimulus money?

For the fortunate people here who will receive a check but dot not really need it. Please help the local medical community. Lot of medical professionals risk their life to save the patients who got sick from the virus. But they do not have proper PPE (personal protection equipment such as masks). T...
by il0kin
Fri Mar 27, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 12676

Re: How are you going to use your stimulus money?

Need to discuss with my wife, but:
$500 to charities which will benefit those most vulnerable
$500 to locally owned small businesses
$2400 towards our bathroom remodel, whenever it starts (delayed due to virus)

I sure am glad it’s based on AGI. Tax efficiency for the win!
by il0kin
Sun Mar 22, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Notary came to our house yesterday and we closed on our 20 year 3.125% refinance. My closing costs were not quite as favorable as some have posted (about $2000) but we plan to stay in the house for a long time and will recoup the closing costs in saved interest in under a year. Looking at the amorti...
by il0kin
Sat Mar 21, 2020 8:15 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 503
Views: 50440

Re: How Is Your Job Being Impacted By The Current Crisis?

this past week was super busy...we'll see going forward. I'm in the booze industry We have state liquor stores here in Utah, I happen to live ~1 mile from one. Went for a run this morning and there was a line probably 1/4 mile long to get inside the liquor store. I'm talking several hundred people,...
by il0kin
Fri Mar 20, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 8897

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

Early 30s, married with kids. Fairly safe job (healthcare IT) at a not-for-profit health system. Glad to have 10 months expenses in cash, with unemployment we could go much longer. Have not and will not touch retirement investments. Rebalances are automatic over 5%. Not looking at them. Making hay w...
by il0kin
Thu Mar 19, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55515

Re: How to get Toilet Paper ? seriously.

Please do not buy baby wipes! You are adults and you can find a solution for TP in a worst case scenario and simply throw the paper away. I cannot wipe my baby’s bottom and change diapers with magazine pages... I wonder what people did before baby wipes were invented 60 years ago? Oh, wait. I think...
by il0kin
Wed Mar 18, 2020 6:53 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55515

Re: How to get Toilet Paper ? seriously.

Please do not buy baby wipes! You are adults and you can find a solution for TP in a worst case scenario and simply throw the paper away.

I cannot wipe my baby’s bottom and change diapers with magazine pages...
by il0kin
Tue Mar 17, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: VERY disappointed in Vanguard's ETHICS!!!
Replies: 27
Views: 2301

Re: VERY disappointed in Vanguard's ETHICS!!!

Do you have any idea how ridiculous you sound?
by il0kin
Mon Mar 16, 2020 9:58 pm
Forum: Personal Investments
Topic: Safety of Money Market Funds Currently
Replies: 149
Views: 11884

Re: Safety of Money Market Funds Currently

I pulled up stakes on VMFXX today, as it was just a convenient place to store my emergency fund and get a little yield. Now that it will return functionally 0%, I may as well have it in an FDIC insured account while I shop CD's.
by il0kin
Mon Mar 16, 2020 4:31 pm
Forum: Investing - Theory, News & General
Topic: The dilemma - EF/Savings vs the Market
Replies: 5
Views: 279

Re: The dilemma - EF/Savings vs the Market

I considered this over the weekend, and today as well. Ran some calculations, because numbers never lie. With a bare bones monthly expense of $3400, we'd survive 12 straight months with no unemployment and two job losses (not realistic, in healthcare and we would of course collect unemployment). Wit...
by il0kin
Thu Mar 12, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Is anyone else a little concerned about liquidity in the credit markets? I have not heard of anything yet but am thinking I better get my refinance signed sooner than later (20 at 3.125, locked in February)
by il0kin
Wed Mar 11, 2020 9:35 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128800

Re: Coronavirus (Consumer Issues) How you are preparing?

I purchased extra paper towels, concentrated Lysol and an extra package of cold medication at the grocery store. It’ll get used in time regardless, but in the event we have to self-quarantine, those were the most useful things I could think of having on hand.

Oh, and extra coffee :D
by il0kin
Wed Mar 11, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

How are people getting refi's without closing costs? Are those just rolled into the loan? I can't find anything local without minimum $3k closing. I had the same question when I began shopping refinances and my understanding is that you take a slightly above market rate on the loan in exchange for ...
by il0kin
Mon Mar 09, 2020 2:42 pm
Forum: Investing - Theory, News & General
Topic: Anyone building a watch list of what to buy with stocks cratering?
Replies: 44
Views: 3249

Re: Anyone building a watch list of what to buy with stocks cratering?

BRK.B with its $100B+ war chest which can be used to acquire distressed companies with sizable assets at fire sale prices in the coming months seems like a logical decision. I bought a few shares with fun money.
by il0kin
Mon Mar 09, 2020 12:35 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Tempting
Replies: 64
Views: 9524

Re: Berkshire Tempting

Picked up a few shares this morning with fun money; always been interested in the Berkshire Hathaway story so it is a fun little deviation from my normal index funds.
by il0kin
Mon Mar 09, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

In speaking with my broker today, it sounds like so many people are trying to refinance that banks are not dropping rates in lockstep with the 10-yr or affected by the .50% Fed cut this week. Plenty of demand so their rates are staying flat. We close in the next week or two on our no points 3.125% ...
by il0kin
Mon Mar 09, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18790
Views: 2627607

Re: U.S. stocks in free fall

Ok, NOW U.S. stocks are actually in free fall! Wow!
by il0kin
Fri Mar 06, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

In speaking with my broker today, it sounds like so many people are trying to refinance that banks are not dropping rates in lockstep with the 10-yr or affected by the .50% Fed cut this week. Plenty of demand so their rates are staying flat. We close in the next week or two on our no points 3.125% 2...
by il0kin
Thu Feb 27, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18790
Views: 2627607

Re: U.S. stocks in free fall

Noticed something interesting about my behavior during downturns - the more market goes down the calmer I become. Here is my thinking: at the beginning I keep thinking "should I try to time the market this time and sell some"?" etc but after the market drops 10%+ I no longer consider selling becaus...
by il0kin
Thu Feb 27, 2020 10:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18790
Views: 2627607

Re: U.S. stocks in free fall

Poorly educated 401k investors who are nearing retirement have begun to panic sell at work, so the fear is becoming infectious. Fair amount of talk about the markets plunging around the office this afternoon. Strikes me as a canary in the coal mine. I know nothing about nothing, but I doubt the drop...
by il0kin
Wed Feb 26, 2020 3:03 pm
Forum: Personal Investments
Topic: 38 yr old having 2nd thoughts...
Replies: 93
Views: 10749

Re: 38 yr old having 2nd thoughts...

I’m younger than you, but I have an 80/20 AA. I view my 20% bonds as a backup emergency fund for an absolute worst case scenario if I was forced to deplete my actual emergency fund. I am somewhat conservative from this perspective, but nobody ever thinks cascading series of unfortunate events will h...
by il0kin
Mon Feb 24, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18790
Views: 2627607

Re: U.S. stocks in free fall

I did a little market timing and bought 10 shares of VTI. It’s fun to watch it fluctuate in an otherwise uninteresting money market emergency fund. I buy 10 shares every time there’s a 2% drop and sell them once I’ve made a 4% ROI. If that takes a few years, so be it :)
by il0kin
Thu Feb 13, 2020 1:01 pm
Forum: Personal Investments
Topic: State Pension Plan vs. Investment Plan (Need Advice)
Replies: 30
Views: 1843

Re: State Pension Plan vs. Investment Plan (Need Advice)

Will you contribute to and receive Social Security benefits? That’s an important part to consider. Your wife will be eligible for your SS if you die before she does. I trust state government to be responsible stewards of state pension plans about as much as I trust a shark to exercise restraint. I w...
by il0kin
Thu Feb 13, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7574

Re: $2-2.5M House?

“Most is my stress comes from work.” If I were you, I’d be looking at designing an exit plan from a high pressure, high stress work environment rather than an entry plan for a 2M house. The carrying costs of that kind of residence are huge and may well trap you into years of high stress work that yo...
by il0kin
Tue Feb 11, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Worried About AI Taking Your Job?
Replies: 54
Views: 3589

Re: Worried About AI Taking Your Job?

or learning how to be the person programming on the back end, you should pivot as soon as possible. And that's only a stopgap. there is a lot of work going on in software that writes code. I work in this space. Its been predicted that the current golden age of software development as a high power c...
by il0kin
Tue Feb 11, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Worried About AI Taking Your Job?
Replies: 54
Views: 3589

Re: Worried About AI Taking Your Job?

Brookings recently performed a large scale analysis of patents to help better understand this exact question. The short answer is basically everyone is going to be affected by AI, especially white collar workers, but that doesn’t necessarily mean replacement. I work in data/technology. One project I...
by il0kin
Sat Feb 08, 2020 8:44 am
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 6887

Re: The annual "Boglehead considering a country club" thread

Another thought:

Perhaps you’d be better off using your discretionary income employing a nanny to assist you with childcare, household chores, groceries, etc... Your wife will definitely prefer it!
by il0kin
Fri Feb 07, 2020 11:01 pm
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 6887

Re: The annual "Boglehead considering a country club" thread

Father of two kids under 5 checking in. My thing is duck hunting, which is relatively cheap. I get out for a few hours most Saturday mornings during duck season. My wife is a saint and "gets it" that it's what recharges my batteries. So, I understand wanting to indulge a hobby. But, it is truly hard...
by il0kin
Fri Feb 07, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

We are now at 3.125 with no points, a $300 underwriting fee and appraisal waiver through the local bank. I’m planning to go with this as it seems there will not be anything better in the market. Update: the loan officer accidentally keyed in a 15 year, which is what brought us down to 3.125. The ra...
by il0kin
Thu Feb 06, 2020 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Medical Devices or Data Science/Machine Learning
Replies: 30
Views: 1679

Re: Career Advice: Medical Devices or Data Science/Machine Learning

Machine learning, a very key part of data science, is automating itself more and more every day. I work in healthcare, in data, but I’m the guy who pulls data for data scientists to use. Statistics aren’t my thing; I like living in SQL. Learn Python and R and build a ML model using an API from one o...
by il0kin
Mon Feb 03, 2020 10:47 pm
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 17860

Re: Why many inheritances don't last past 3 generations

I'm always surprised by these threads here. Since one of my ancestors used their inheritance to come to the US, I know each of 4 generations has left more than they received. I don't plan to break the streak. I also wonder how relevant stories about millionaire and now billionaire families are to m...
by il0kin
Mon Feb 03, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 17860

Re: Why many inheritances don't last past 3 generations

I'm always surprised by these threads here. Since one of my ancestors used their inheritance to come to the US, I know each of 4 generations has left more than they received. I don't plan to break the streak. I also wonder how relevant stories about millionaire and now billionaire families are to m...
by il0kin
Mon Feb 03, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

We are now at 3.125 with no points, a $300 underwriting fee and appraisal waiver through the local bank. I’m planning to go with this as it seems there will not be anything better in the market. Update: the loan officer accidentally keyed in a 15 year, which is what brought us down to 3.125. The ra...
by il0kin
Thu Jan 30, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Closing next week on a refinance through a local bank on a 30-year fixed at 3.5% with only around $300 in total closing costs. We're moving from a 4.125% fixed down to 3.5% so it was an easy decision. That said, I have a history of poorly timed mortgage loan rate locks. Given my history I fully exp...
by il0kin
Thu Jan 30, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

We are now at 3.125 with no points, a $300 underwriting fee and appraisal waiver through the local bank. I’m planning to go with this as it seems there will not be anything better in the market. Which lender, if you don’t mind me asking? Thanks! I will PM you, prefer not to post it publicly as it's...
by il0kin
Thu Jan 30, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

We are now at 3.125 with no points, a $300 underwriting fee and appraisal waiver through the local bank. I’m planning to go with this as it seems there will not be anything better in the market.
by il0kin
Thu Jan 30, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Local bank is offering 3.25% on a 20 year with $300 underwriting fee. I’m most of the way done with my application with my broker, so hopefully he can also grab 3.25% and match the underwriting fee.
by il0kin
Wed Jan 29, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

AerialWombat wrote:
Wed Jan 29, 2020 2:01 pm
Just a heads up for anybody considering a refi, rate sheets issued to loan originators nationwide early this morning reflect another significant rate drop.
Can you expand on that? I see the 10 year yield slipped a bit today and thought that might put some downward pressure on the rates.
by il0kin
Wed Jan 29, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

We are locked on a 20 year at 3.375 with a $500 lender credit and the remaining closing costs rolled into the loan. Shouldn’t have to do another appraisal, so I don’t anticipate closing costs being too much. We could have gone down to a 3.25 but neither wife nor I wanted to pay out of pocket as we a...
by il0kin
Tue Jan 28, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1472
Views: 136149

Re: Refinance Mega Thread

Rates dropped quite a bit in the last couple of trading days. For those on the fence about refinancing, you may be able to take advantage of the recent market volatility and capture a lower interest rate. I'm working with a local broker now to look into taking advantage of the rates. I'll update th...
by il0kin
Thu Jan 23, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11280

Re: Career change at 47

I’m familiar with a guy who was a former City building inspector who, after something like 10 years, changed jobs and is a regional salesperson for a major nationwide exterior siding company. He walks the walk and had tons of connections to the construction industry due to his time as an inspector. ...
by il0kin
Thu Jan 09, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: New Trust in 2019 - Taxes?
Replies: 10
Views: 564

Re: New Trust in 2019 - Taxes?

If it's a revocable living trust, there is no separate tax form for that, even when you place other assets that generate income in it. The trust will report using one of your SSN's, and the income reported gets added to your 1040 You'd need a 1041 if this was an irrevocable trust (such as what your...