Search found 487 matches

by mesaverde
Sun Feb 07, 2021 2:18 pm
Forum: Personal Investments
Topic: 403b or 457b
Replies: 13
Views: 653

Re: 403b or 457b

I currently max out both a 403b and government 457b, both with Fidelity low cost index funds. Doing so also has the added benefit of moving me from the 22% federal income tax bracket to the 12% bracket, a significant savings. If I could only choose one, it would definitely be the 457b for these reas...
by mesaverde
Tue Feb 02, 2021 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Geico or Progressive auto insurance?
Replies: 30
Views: 2377

Re: Geico or Progressive auto insurance?

Thank you everyone for the feedback. I went ahead and switched from Geico to Progressive for two reasons: 1. It didn't feel right when even though the value of my vehicle has gone down and I'm driving considerably less (because of the pandemic) Geico raised the premium (and made it clear they would ...
by mesaverde
Mon Feb 01, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Geico or Progressive auto insurance?
Replies: 30
Views: 2377

Re: Geico or Progressive auto insurance?

But doesn't an independent agent take a cut?
I think that's one reason why State Farm tends to be expensive... you're paying for the "privilege" of going through a local insurance agent (although with State Farm, not independent).
by mesaverde
Sun Jan 31, 2021 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Geico or Progressive auto insurance?
Replies: 30
Views: 2377

Geico or Progressive auto insurance?

I've had Geico auto insurance for years and the premiums have been creeping up little by little, which is typical. I haven't had any accidents/tickets over the past 20 years and have a high credit score. Especially given that I've hardly been driving at all because of the pandemic, it doesn't feel r...
by mesaverde
Sat Jan 30, 2021 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi: Who did they sell your mortgage to?
Replies: 49
Views: 4173

Re: LenderFi: Who did they sell your mortgage to?

By two refinances through Lenderfi have been serviced by:
February 2020- Citizens One
October 2020- LenderFi
Both fine.
by mesaverde
Fri Jan 01, 2021 11:43 am
Forum: Investing - Theory, News & General
Topic: Do you lump sum full amount into IRA at beginning of the year?
Replies: 49
Views: 2855

Re: Do you lump sum full amount into IRA at beginning of the year?

This has already been discussed in a recent thread:
viewtopic.php?p=5663291

Personally I contributed my full $6k today. If you have the money set aside already, why not? The sooner you're invested the better (regardless of market up or down).
by mesaverde
Fri Dec 25, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

This year I did two no cost refinances with Lenderfi (lender credits covered all actual costs, not prepaid interest/insurance) . Currently at 3% on a 30 year fixed, 55% LTV, loan amount $212k. The only reason the last one wasn't below 3% is because the loan amount isn't so high. But may end up refin...
by mesaverde
Wed Dec 23, 2020 8:02 am
Forum: Personal Investments
Topic: Requesting feedback on the fund choices for my 457b
Replies: 14
Views: 612

Re: Requesting feedback on the fund choices for my 457b

You're extremely fortunate to have a 457b with these low cost funds. A benefit many (most?) Amercans don't have . The ability to withdraw $ penalty free at any age (after leaving your job) 1. allows for the ability to tap these funds at early retitement 2. acts as an emergency fund if you lose your ...
by mesaverde
Tue Dec 22, 2020 9:07 pm
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

I know Dave Ramsey and other debt-averse people would advise me ... You're taking advice from this guy? https://www.nbcnews.com/news/us-news/caterers-finance-guru-dave-ramsey-s-holiday-party-told-not-n1251204 https://religionnews.com/2020/12/11/dave-ramsey-christian-financial-guru-ridicules-covid-1...
by mesaverde
Tue Dec 22, 2020 6:25 am
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and no debt other than my mortgage (3% fixed rate, 50% LTV, $210k balance, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b,...
by mesaverde
Tue Dec 22, 2020 6:23 am
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and no debt other than my mortgage (3% fixed rate, 50% LTV, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b, and Traditiona...
by mesaverde
Mon Dec 21, 2020 7:34 pm
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and no debt other than my mortgage (3% fixed rate, 50% LTV, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b, and Traditiona...
by mesaverde
Mon Dec 21, 2020 6:43 pm
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and have no debt other than my mortgage (3% fixed rate, 50% LTV, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b, and Tradi...
by mesaverde
Mon Dec 21, 2020 8:51 am
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1800

Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and no debt other than my mortgage (3% fixed rate, 50% LTV, $210k balance, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b, ...
by mesaverde
Fri Nov 13, 2020 6:38 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 342
Views: 24288

Re: How do YOU make coffee?

Great topic for savy investors and coffee drinkers :) Every morning before going out for a 7-12 mile run I grind medium roast whole bean coffee, put it in a French press, add water from electric kettle, and add a little whole milk warmed in the microwave. I don't like to create trash and pay more fo...
by mesaverde
Tue Oct 13, 2020 6:08 am
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 215
Views: 26795

Re: The Wrong Way to Think About Debt - The White Coat Investor

I'm a public school teacher and have refinanced/extended my ~55% LTV 30 year fixed mortgage back out to 360 months several times. Currently it's at 3%. If I can do a no cost refinance to 2.5% in the next year or so I won't hesitate. The mortgage is the only debt I carry. I could choose to pay this d...
by mesaverde
Sun Oct 11, 2020 3:27 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

Yesterday I signed closing docs on my 2nd no cost refinance with Lenderfi (this year!). No cost meaning that I only pre-paid for property tax and insurance (escrow) and prepaid interest. Lender credit paid for all actual costs. LTV 55%, $213k loan, 30 years fixed at 3% (probably would have been less...
by mesaverde
Sun Sep 13, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

I did a refinance with Lenderfi that started(!) in March. As everything locked down we blew WAY past the time limit on the rate we locked, which was 3.375%. Lenderfi never relocked another rate, but gave me the market rate when we finally closed, which was 3.0%. Since I had no obligation to follow ...
by mesaverde
Mon Sep 07, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: Economist article on bubbles and exuberance
Replies: 65
Views: 6158

Re: Economist article on bubbles and exuberance

If you are regularly buying shares of a U.S. stock index fund and plan to keep those shares invested for many years (otherwise you'd be buying mostly bonds, right?) this "news/revelation" is meaningless. You probably won't use the stock shares you're currently buying for 10, 20, 30, or mor...
by mesaverde
Sun Sep 06, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: National Parks in Winter
Replies: 33
Views: 2694

Re: National Parks in Winter

Family and I even before the pandemic made it a plan to spend the next few years taking vacations in the US, mainly the national park system. Feel even more strongly about that now. Wondering if anyone could recommend a good Natl Park to visit in the winter (late Feb/early March)? Two years ago we ...
by mesaverde
Sat Sep 05, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5952

Re: What is PenFed good at?

As others have said, Penfed had very competitive mortgage rates (fixed rates and for 1-2 years there was a really good deal on a 5/5 ARM), CD rates, and credit card deals. I've been thinking about cutting everything off from them though... the only association I currently have w/ Penfed is a no fore...
by mesaverde
Sun Aug 30, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: .5% mortgage refinance fee delayed from Sept. 1 to Dec. 1
Replies: 1
Views: 292

.5% mortgage refinance fee delayed from Sept. 1 to Dec. 1

Here's some important recent news: the new .5% mortgage refinance fee will be postponed until Dec. 1 (previously it would have been charged on any refinance closing after Sept. 1st). https://www.forbes.com/sites/ryanguina/2020/08/28/now-is-a-great-time-to-refinance-your-mortgage-new-refinance-fees-d...
by mesaverde
Wed Aug 26, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Go for the Honda 0.9% APR loan or pay cash? 35k minivan
Replies: 51
Views: 4171

Re: Go for the Honda 0.9% APR loan or pay cash? 35k minivan

OP, In 2013 I was in the same situation... I wanted a Honda and had the cash to buy a new one. I reminded myself that it's always good to have options, so I decided to get a .9% loan from them to buy it. In hindsight I'm not sure that I would have bought a NEW Honda if they had not offered that loan...
by mesaverde
Tue Aug 25, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Tennessee
Replies: 116
Views: 13950

Re: Thoughts on Tennessee

I grew up in Memphis, moved to Chattanooga in 1999, then Arlington, VA in 2006 and have been in Arlington since. I look forward to moving back to Chattanooga when I retire in a few years and still keep in touch/visit my friends there for that reason. Pros of Chattanooga: -Tons of outdoor activities ...
by mesaverde
Fri Aug 21, 2020 5:28 pm
Forum: Personal Consumer Issues
Topic: Intermittent fasting: 2 meals to 1 meal a day?
Replies: 23
Views: 2263

Re: Intermittent fasting: 2 meals to 1 meal a day?

Hi coalcracker- what is your goal? To lose body fat? As a competitive athlete (runner) I strive to maintain the ideal racing weight. Before getting into an intense training cycle my goal is to make sure I'm at the appropriate weight. That involves counting calories in/out and eating at certain times...
by mesaverde
Fri Aug 14, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

I refinanced with Lenderfi in February this year... 30 year fixed at 3.5%, LTV ratio of 50%. This week I contacted Lenderfi about lowering the rate (6 months had passed). They said I could do a no cost refinance at 3% with my LTV ratio & the closing costs in my state. I agreed and e-signed the d...
by mesaverde
Sat Aug 01, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

Thank you for the updates on your dealings w/ Lenderfi, this is helpful. In February I refinanced to a 30 year fixed, 55% LTV no cost @ 3.5% with Lenderfi. They said that after 6 months if the rate dropped more than .5% they would adjust the rate down for free. So later this month I plan on taking t...
by mesaverde
Mon Jun 08, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10873

Re: Girlfriend paying rent

OP: I was in your girlfriend's shoes (I was living with my girlfriend in her home) for 6 years. This was a source of tension for us as well. It was hard to reach a dollar amount that each of us thought was fair. In the beginning we both had the idea that our relationship would lead to marriage (&...
by mesaverde
Mon May 04, 2020 7:12 pm
Forum: Personal Investments
Topic: Fidelity intermediate treasury index vs. Fidelity U.S. bond index
Replies: 18
Views: 1672

Re: Fidelity intermediate treasury index vs. Fidelity U.S. bond index

What’s your aa? I’m on the treasury only bandwagon if it isn’t a large amount <30% of portfolio. Currently the AA is 65% stock (mainly Total U.S. index & Total international index) and 35% bond (U.S. bond index). Over the next few years I'll almost exclusively be making contributions towards bo...
by mesaverde
Sun May 03, 2020 10:19 am
Forum: Personal Investments
Topic: Fidelity intermediate treasury index vs. Fidelity U.S. bond index
Replies: 18
Views: 1672

Fidelity intermediate treasury index vs. Fidelity U.S. bond index

I'm fortunate to have two excellent intermediate term bond funds in my 457b and 403b accounts with my employer. I'm currently maxing both plans out and am approx. 6-8 years from retirement, so will be allocating more contributions towards bonds in the coming years. The two intermediate term bond ind...
by mesaverde
Sat May 02, 2020 11:19 am
Forum: Personal Investments
Topic: Contribute to 403b or pay down/off mortgage in this situation?
Replies: 10
Views: 584

Re: Contribute to 403b or pay down/off mortgage in this situation?

Personally, I consider the 22% bracket to be high and do what I can to avoid it. Agreed. 22% is quite a jump from 12% even though only a portion of one's income is taxed at that higher rate. 10% more saved/invested instead of 10% more to the federal government. So staying within the 12% bracket mak...
by mesaverde
Thu Apr 30, 2020 6:07 pm
Forum: Personal Investments
Topic: Contribute to 403b or pay down/off mortgage in this situation?
Replies: 10
Views: 584

Re: Contribute to 403b or pay down/off mortgage in this situation?

Do you expect a pension? What is the approximate value of your tax-deferred accounts now? I will have two pensions starting at age 65. Those pensions will provide most of my income at that point (social security icing on the cake). So the idea is that the 457b and 403b will act as a "bridge&qu...
by mesaverde
Thu Apr 30, 2020 6:03 pm
Forum: Personal Investments
Topic: Contribute to 403b or pay down/off mortgage in this situation?
Replies: 10
Views: 584

Re: Contribute to 403b or pay down/off mortgage in this situation?

You are right on the money there, and what I would suggest for someone in your position. Here is a thought you may not have considered. If your taxable income is $43k, your AGI is about $55k. This is an income where, if you choose to, the Traditional IRA contribution is fully deductible. You may wa...
by mesaverde
Thu Apr 30, 2020 5:36 pm
Forum: Personal Investments
Topic: Contribute to 403b or pay down/off mortgage in this situation?
Replies: 10
Views: 584

Contribute to 403b or pay down/off mortgage in this situation?

I’m 47, single, a teacher, and plan on retiring at age 55. Currently I’m maxing out a 457b and 403b with Fidelity. Maxing these accounts out puts me in the lower end of the 22% federal income tax bracket (my taxable income last year was $43k). Because I’m maxing both of these out I’m only paying the...
by mesaverde
Mon Apr 27, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3924
Views: 300729

Re: Small Cap Value heads Rejoice !!!

The bulk of my portfolio is the three fund portfolio (Total U.S. stock index, Total international stock index, Total U.S. bond index). However, in my Vanguard Roth IRA I only hold Vanguard small value index. Today I happily contributed $6,000 to the Roth for 2020 contribution. This is my only deviat...
by mesaverde
Wed Apr 01, 2020 10:08 am
Forum: Personal Investments
Topic: cancel Whole Life policy in this situation?
Replies: 22
Views: 1751

Re: cancel Whole Life policy in this situation?

Did the salesperson say that the policy would provide a tax free income stream? That doesn't sound correct. The money paid in can be withdrawn without paying tax because the tax was already paid on that money before it was paid to the insurance company. It is not income from the insurance company. ...
by mesaverde
Tue Mar 31, 2020 9:10 pm
Forum: Personal Investments
Topic: cancel Whole Life policy in this situation?
Replies: 22
Views: 1751

Re: cancel Whole Life policy in this situation?

Thank you for the comments, they're much appreciated. I told my friend to ask the salesperson if he knows of an investment that has a guaranteed  negative return for the first 10-15 years (-67% for the first year) and only a ~2.8% return after that.  Because that's what this policy entails. A high c...
by mesaverde
Tue Mar 31, 2020 3:54 pm
Forum: Personal Investments
Topic: cancel Whole Life policy in this situation?
Replies: 22
Views: 1751

cancel Whole Life policy in this situation?

A close friend recently began a Whole Life insurance policy with MassMutual. Her financial adviser signed her up. My friend makes a great salary ($230k taxable income) but readily admits that she knows very little about investing/personal finance. She's 47 and hopes to retire by age 57. Her reason f...
by mesaverde
Fri Mar 06, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 48100

Re: 30 year mortgage under 3%

Although the 10 year has moved down ~40 bps since the rates hit 3.125% (30 year, 70% max LTV 0 origination pts, 800+ credit) at the local bank I was looking to refinance at, my quoted mortgage rate has not moved down at all. Normally, a 40 bps drop translates into 2+ origination pts or a rate drop ...
by mesaverde
Fri Mar 06, 2020 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a rental property even worth it?
Replies: 58
Views: 4498

Re: Is buying a rental property even worth it?

Here's my own personal experience. For seven years I had a rental in a high cost of living/highly educated area. As others posted previously, your ROI is reduced in an area like this... the ROI on my rental was ~5.5%. Having higher quality tenants in an area like this can be less of a hassle, but it...
by mesaverde
Sat Feb 22, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy Advice
Replies: 21
Views: 1459

Re: Rent vs. Buy Advice

OP, have you ever had to pay for a major repair soon after buying? I have... I had to replace the air system one year after buying, a $7,000 hit.
Even if you didn't have such a repair, it doesn't make any sense (financially or stress wise) to buy in your situation.
by mesaverde
Fri Feb 21, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1748
Views: 162189

Re: My LenderFi refinance is going well

Thanks to the forum I also learned about Lenderfi and closed on a refinance this week... a 30 year fixed mortgage at 3.5% with $800 in actual closing costs (not including prepaids/escrow). 55% LTV ratio. They did not require me to pay for an appraisal. According to their website rates dropped even l...
by mesaverde
Fri Jan 24, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?
Replies: 7
Views: 840

Re: Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?

At this point I've only signed the loan estimate and have not paid anything (there is no fee for a rate lock and the appraisal has been waived).
by mesaverde
Fri Jan 24, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?
Replies: 7
Views: 840

Re: Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?

mhc wrote: Fri Jan 24, 2020 1:21 pm First thing I would do is contact them and see if they will give you the additional $1k credit.
I contacted them and asked if they would do this. The answer was no.
by mesaverde
Fri Jan 24, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?
Replies: 7
Views: 840

Lender credit increased by $1k 3 days after locking mortgage rate. Withdraw/reapply?

I'm refinancing my home through Lenderfi, which had the lowest closing costs of all. By refinancing I'll save many thousands over the coming 10+ years because I don't plan to move. Tuesday I locked the rate. No fee was required and I won't need to get/pay for an appraisal, so I don't have any $ in t...
by mesaverde
Fri Jan 17, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10010
Views: 704671

Re: Refinance Mega Thread

Early last year I refinanced with AimLoan and it was smooth. I gave a reasonable estimate for the value and they waived the appraisal, saving $$. But now I'm refinancing with Lenderfi. I compared Lenderfi to Aimloan and Lenderfi's closing costs were $1,500 less for a 30 year 3.5% fixed. So be sure t...
by mesaverde
Sun Oct 20, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: Pensions - Why Isn't Time In the Market a Part of the Formula?
Replies: 30
Views: 4313

Re: Pensions - Why Isn't Time In the Market a Part of the Formula?

OP: I'm a teacher and have noticed this as well. If you don't anticipate staying for the long term it isn't such a bad thing. Most likely your contributions to the plan earn interest annually. The interest rate is probably more or less equivalent to the rate of inflation, so you could view the pensi...
by mesaverde
Thu Sep 26, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage with Aimloan?
Replies: 15
Views: 1798

Re: Refinance mortgage with Aimloan?

I refinanced with AimLoan this summer. It was practically flawless and I would use them again without hesitation. Closed within 30 days of application.
by mesaverde
Mon Sep 02, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Pay off house before retirement or have available cash?
Replies: 84
Views: 7509

Re: Pay off house before retirement or have available cash?

Unless you are determined to leave a large amount of $ to your children/heirs, you may want to consider getting a reverse mortgage in a few years. That way you'd be able to actually use that large portion of your net worth tied up in your illiquid asset.
by mesaverde
Sun Aug 11, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3884

Re: Trail running shoes for light hiking

This summer I've hiked/backpacked/run approx. 600 miles in the U.S. & Canadian Rockies. When hiking & backpacking I use retired running shoes, putting 200-300 additional miles on them. Of course you could use new running shoes. I know that a lot of Appalachian Trail/Continental Divide/Pacifi...