Search found 27 matches

by DeadLoad
Sun Jan 10, 2021 7:10 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

Vehicle related: 1. Currently with $45,000 in the bank, do we pay off the car loan right now freeing up $717/month. The low interest rate and no extra cash on hand in the past has been my hesitation. Our EF really only needs to be $25,000 in our very stable jobs and now that we have an excess of ca...
by DeadLoad
Sun Jan 10, 2021 7:08 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

Her 401k @ Fidelity – 30% 100% FIAM Blend Target Date 2060+ (ticker symbol) (0.26%) Not a bad fund, you can do better if you can do a bit of yearly rebalancing yourself. Contribute in the following proportions to these funds: FID 500 INDEX (FXAIX) 0.015% <---- 70% FID EXTD MKT IDX (FSMAX) 0.045% <-...
by DeadLoad
Fri Jan 08, 2021 4:36 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

January 2021 Update Emergency funds: $45,000 – Emergency Fund/Down Payment @ 0.50% Ally Savings - $2,500 was deposited monthly in 2020. I estimate $1500/month for 2021 Debt: Car - $24,000 @ 2.79% - $717/month – Started 7/31/2018. Ends 7/31/2024 Mortgage – 249,000 Principal @ 2.99% - $1,058 + 300 ta...
by DeadLoad
Fri Oct 02, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 203
Views: 14717

Re: If you have a pension, how do you view it?

My pension will cover 100% of my monthly expenses by retirement (90-100% of highest paid year, lifetime medical for myself and my wife, and COLA). Assuming all goes well, everything else I save is extra. I will not receive SS but my wife will and we currently save ~$20,000 in retirement accounts wit...
by DeadLoad
Fri Oct 02, 2020 9:50 am
Forum: Personal Investments
Topic: 529 vs Taxable Account
Replies: 49
Views: 3768

Re: 529 vs Taxable Account

mmmodem wrote: Fri Oct 02, 2020 9:44 am
Grt2bOutdoors wrote: Fri Oct 02, 2020 9:41 am If free money is a “loan” then don’t be too excited.
I don't see how free money and loan can be the same thing. :confused
Tell that to a large amount of young college students receiving “financial aide”
by DeadLoad
Thu May 21, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

byenare wrote: Thu May 21, 2020 5:55 pm Any lender is giving less 3 percent in California? 400k loan value. Interested in 30 years fixed mortgage.
Yes, closing 6/5/2020 on a 30 yr @ 2.99% $252k loan with a home value of $425k through UWM Conquest Program in NorCal
by DeadLoad
Tue May 19, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

Anyone got sub 3 loans for 30 year fixed in SoCal area? Look up UWM on google and find a broker that will go through that program. I got (and two friends) sub 3% for a 30 in NorCal. Applied Thursday night, turned in all paperwork required by Sunday and I was in underwriting yesterday. What are your...
by DeadLoad
Tue May 19, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

Anyone got sub 3 loans for 30 year fixed in SoCal area? Look up UWM on google and find a broker that will go through that program. I got (and two friends) sub 3% for a 30 in NorCal. Applied Thursday night, turned in all paperwork required by Sunday and I was in underwriting yesterday. What are your...
by DeadLoad
Tue May 19, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

byenare wrote: Mon May 18, 2020 5:33 pm Anyone got sub 3 loans for 30 year fixed in SoCal area?
Look up UWM on google and find a broker that will go through that program. I got (and two friends) sub 3% for a 30 in NorCal. Applied Thursday night, turned in all paperwork required by Sunday and I was in underwriting yesterday.
by DeadLoad
Mon May 18, 2020 7:27 am
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 4025

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

I have also wondered about the OP’s question. I didn’t see it mentioned in the responses but if the OP is on the fence with income restrictions and you are contributing to a Roth IRA all year and then at the end of the year you’ve made too much money for direct contributions, what happens? Do you t...
by DeadLoad
Mon May 18, 2020 5:48 am
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 4025

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

I have also wondered about the OP’s question. I didn’t see it mentioned in the responses but if the OP is on the fence with income restrictions and you are contributing to a Roth IRA all year and then at the end of the year you’ve made too much money for direct contributions, what happens? Do you th...
by DeadLoad
Mon May 18, 2020 5:39 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4873

Re: Retiring fairly young with a govt pension and trying to put together a plan

You should also be able to max Roth IRA, $6k each/year? Seems like currently you are spending more than $100k/year even after deductions + mortgage? May want to double-check that. Approximate expenses = $210k - $36k (457) - $18k (401k) - $34k (mortgage) - $15k (pension) - $7.1k (HSA) = $99.9k. Look...
by DeadLoad
Sun May 17, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

Hi, me too! Except someone said they locked in a rate with UWM conquest program through a broker. Search UWH using the search box at the top and you will find a link that someone provided to find a broker. I reached out to someone yesterday and they will price it out for me tomorrow. Will let every...
by DeadLoad
Fri May 15, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

Yesterday I was quoted with the following: "If loan amount is equal to or less than 60% of appraised value (and it was ~59%): - 2.99% - 30 year conventional fixed - $641 estimated total cost if appraisal is waived or $525 additional if appraisal is required. - $1056.87 principal and interest p...
by DeadLoad
Fri May 15, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9458
Views: 661345

Re: Refinance Mega Thread

Yesterday I was quoted with the following: "If loan amount is equal to or less than 60% of appraised value (and it was ~59%): - 2.99% - 30 year conventional fixed - $641 estimated total cost if appraisal is waived or $525 additional if appraisal is required. - $1056.87 principal and interest pe...
by DeadLoad
Thu Mar 26, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2397
Views: 546256

Re: Share your net worth progression

This thread strikes me as proof that investing is secondary to a huge income/personal business with adequate savings. Some of the numbers make me feel like a loser! :oops: 100% this. I'm able to save ~2.3k/month. It will take me 25+ years to get to 2 million. Others are doing it in 5 years lol. Is ...
by DeadLoad
Wed Mar 25, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2397
Views: 546256

Re: Share your net worth progression

NET WORTH: 1/01/2017- ($70,000 House DP) - Single 25 – Income $45,000 6/01/2017 - $70,000 – Bought House 9/1/2017 – Got Married Him 26/Her 24– DINK: $90,000/ -$20,000 Student Loans 1/01/2018 – $70,000 7/31/2018 - $50,000 – ($50,000 Car Oops..) 10/01/2018 - $55,000 – Found Bogleheads 1/20/19 - $120,0...
by DeadLoad
Wed Mar 18, 2020 10:31 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

2020 Update Emergency Savings: $24,000 – Emergency Fund/Down Payment @ 1.5% Ally Savings - Currently Building... $2,000 is deposited monthly Debt: Car – 3/18/20- $30,000 @ 2.79% - $717/month – Started 7/2018 – 72 Mo Car is worth ~$40,000 Mortgage – 252,000 Principal @ 4.125% - $1,284 + 300 tax + 60 ...
by DeadLoad
Wed May 01, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 13480

Re: Who is buying 1-3 year old used Toyotas and Hondas?

[quote=dziuniek post_id=4510700 time=1556107867 user_id Curious...why do would you compare your purchase price to the MSRP? Do toyota buyers usually end up paying the MSRP price when purchasing new? I have not bought a Toyota before but all of the non toyotas that I have purchased new have been bou...
by DeadLoad
Thu Apr 18, 2019 11:39 am
Forum: Personal Investments
Topic: Roth or Traditional 457B with Pension
Replies: 20
Views: 1536

Re: Roth or Traditional 457B with Pension

I'm in a similar situation as you. My initial thoughts were also to favor the Roth because of the pension. The advice I was getting can be found here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=278561&p=4489057#p4489057 I will keep an eye on this thread as well. I'm in a similar si...
by DeadLoad
Tue Apr 16, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading
Replies: 54
Views: 4601

Re: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading

If you go the Kia route, I would buy new for the warranty. I took our 2014 Forte with 66,000 miles to Kia on Friday for its 65k service. It has been serviced regularly at Kia since my wife bought it new. Guess who’s in a rental on Kia’s dime until the engine replacement is finished... Never thought ...
by DeadLoad
Mon Apr 15, 2019 4:51 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

I think that saving most in tax-deferred for now is reasonable, as long as you are saving some in Roth. The Investment Priority wiki page has a basic recommendation that is about 3.5:1 ratio of tax-deferred to Roth. Assuming you'll have some years in retirement to do additional Roth conversions the...
by DeadLoad
Mon Apr 15, 2019 12:32 am
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

Spent the day reading different topics and trying to gain more knowledge. So far I have changed all of the Roth contributions to pre-tax contributions. I stumbled upon this thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=275993&p=4442030#p4442030 It seems some do recommend going...
by DeadLoad
Fri Apr 12, 2019 1:17 am
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

2. I would increase retirement savings, but you have to strike a balance. I would also generally advise to hold off buying another house until you know more about your family's needs (like how many kids, schools, commute might change, etc.) but I don't know anything about you. I would also consider...
by DeadLoad
Thu Apr 11, 2019 9:30 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

Re: New Member Seeking Financial Review and Constructive Criticism :)

Thank you for the responses thus far. I am working on replies :)
by DeadLoad
Thu Apr 11, 2019 5:07 pm
Forum: Personal Investments
Topic: New Member Seeking Financial Review and Constructive Criticism :)
Replies: 18
Views: 2514

New Member Seeking Financial Review and Constructive Criticism :)

January 2021 Update Emergency funds: $45,000 – Emergency Fund/Down Payment @ 0.50% Ally Savings - $2,500 was deposited monthly in 2020. I estimate $1500/month for 2021 Debt: Car - $24,000 @ 2.79% - $717/month – Started 7/31/2018. Ends 7/31/2024 Mortgage – 249,000 Principal @ 2.99% - $1,058 + 300 ta...