Search found 168 matches

by BHawks87
Sat Nov 21, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing - Take Cash Out and Keep Payment the Same?
Replies: 8
Views: 466

Re: Refinancing - Take Cash Out and Keep Payment the Same?

mhalley wrote: Sat Nov 21, 2020 4:00 pm I would try to get rid of the pmi asap. Can you refi to an 80/10/10 or something?
https://www.nerdwallet.com/blog/mortgag ... avoid-pmi/
Oops meant P&I not PMI! Sorry about that.
by BHawks87
Sat Nov 21, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing - Take Cash Out and Keep Payment the Same?
Replies: 8
Views: 466

Refinancing - Take Cash Out and Keep Payment the Same?

About to do a refinance from 3.75 down to 2.875. I am currently considering two options: 1.) No cash out and reduce my monthly P&I payment by $85ish 2.) Take a $17k cash out and keep my P&I payment where it's currently at. Both options would save me interest if I let it ride 30 years over wh...
by BHawks87
Wed Nov 18, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to refinance?
Replies: 9
Views: 979

Re: Does it make sense to refinance?

Thanks for the input everyone. I am going to move forward with the refinance. I looked around at some other companies and the rates were the same or higher in my zip code. Something else I am considering is taking a cash out refi to pay off my rental property sitting at 5.875%. The balance is $57k a...
by BHawks87
Mon Nov 16, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to refinance?
Replies: 9
Views: 979

Does it make sense to refinance?

Current Mortgage Balance: $~190k Rate: 3.75 Refinanced 11 months ago so have 29 years left New Mortgage: Most costs waived except escrow, title, and recording fees = ~$2k Rate 2.875 Looks like the new mortgage payment would be about $94 lower with $50 extra going to the principal each month. Accordi...
by BHawks87
Fri Nov 13, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Triplex?
Replies: 38
Views: 2406

Re: Buying a Triplex?

I think that is too far away for sweat equity to pay off. Having to drive 2.5 hours to check something or spend the weekend there fixing. I would pass. Long distance amplifies the hassle factor. I would definitely run the numbers assuming you are using a property management company. Most charge 10%...
by BHawks87
Mon Nov 09, 2020 3:44 pm
Forum: Personal Investments
Topic: Surrender a Variable Annuity Early
Replies: 3
Views: 546

Surrender a Variable Annuity Early

My mother-in-law has a variable annuity with New York Life that I am trying to help her with. She doesn't know any info about it and logging into the account doesn't tell you much except that there is a surrender charge of a couple grand and that it is in an IRA. The surrender charge goes away in 20...
by BHawks87
Fri Oct 30, 2020 10:31 am
Forum: Personal Investments
Topic: Should I Include I-Bonds In My Bond Allocation When Used As An Emergency Fund?
Replies: 9
Views: 406

Should I Include I-Bonds In My Bond Allocation When Used As An Emergency Fund?

I am in the process of building up 6-12 months worth of expenses into I-Bonds as my Emergency Fund. Should I include these bonds as part of my bond allocation and sell off some of my VBTLX to buy more stocks to compensate? Or should I just ignore it as far as asset allocation goes? What would you do?
by BHawks87
Mon Oct 19, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: Remove Silicon Oil From Aluminum Garage Door?
Replies: 10
Views: 684

Re: Remove Silicon Oil From Aluminum Garage Door?

Anyone else have any suggestions before I buy some stuff today?
by BHawks87
Sun Oct 18, 2020 8:30 pm
Forum: Personal Consumer Issues
Topic: Remove Silicon Oil From Aluminum Garage Door?
Replies: 10
Views: 684

Re: Remove Silicon Oil From Aluminum Garage Door?

Will it strip the paint off?
by BHawks87
Sun Oct 18, 2020 7:26 pm
Forum: Personal Consumer Issues
Topic: Remove Silicon Oil From Aluminum Garage Door?
Replies: 10
Views: 684

Remove Silicon Oil From Aluminum Garage Door?

I lubed up all the moving parts on my aluminum garage door and either oil dripped from the tracks onto the outside or it bled through when I greased the inside and is on the outside now. It looks pretty terrible. I tried hot water with dish soap and that didn't get rid of it. Any suggestions on how ...
by BHawks87
Sat Oct 17, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Try Out Verizon While Keeping T Mobile Active?
Replies: 7
Views: 759

Try Out Verizon While Keeping T Mobile Active?

I currently have T Mobile and have a family plan with my DW and her parents on it. Where we live the T Mobile reception isn't that great so I wanted to switch to Verizon. Before moving everyone over I wanted to try it out for a few weeks or a month and am wondering if it's possible to do that. I don...
by BHawks87
Fri Oct 16, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Has the growing trend of blindly buying index funds caused market inefficiency?
Replies: 52
Views: 5570

Re: Has the growing trend of blindly buying index funds caused market inefficiency?

Seems that if the majority of people are indexing then more active traders would start getting superior returns and then more people would jump ship on indexing and go back to active trading and mutual funds with active traders which would then swing the pendulum back to indexing.
by BHawks87
Tue Oct 06, 2020 12:59 pm
Forum: Personal Investments
Topic: Taxable Account investing to pay off mortgage early
Replies: 8
Views: 692

Re: Taxable Account investing to pay off mortgage early

I think it is a good idea to do the 30 year mortgage and invest the difference into a taxable account for liquidity reasons. If you are paying $745 extra on your mortgage via a 15 year mortgage then that is money that is locked up in the house that you can't access easily. If you do the 30 year opti...
by BHawks87
Fri Oct 02, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: I bought some TIPS...and the cost was greater than authorized
Replies: 27
Views: 1812

Re: I bought some I-bonds...what just happened?

Just popping in to see what others have to say as I am going to make a purchase for the first time a little later this month.


Edit: Did you owe any taxes? Maybe they yanked that out along with the purchase?
by BHawks87
Sat Sep 26, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: Heating System Tune Ups Necessary Every Year?
Replies: 14
Views: 1736

Heating System Tune Ups Necessary Every Year?

Is it a good idea to spend the $100+ per year to have your heating system serviced or is it something you can do every other year?
by BHawks87
Thu Sep 17, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2531

Re: What one Book to read about personal finance?

I bought "The Latte Factor: Why You Don't Have to Be Rich to Live Rich" by David Bach for my 16 year old niece. https://www.amazon.com/Latte-Factor-Dont-Have-Rich/dp/1982120231 Its written as a story about a fresh college grad working their first job and learning about saving and investing...
by BHawks87
Sun Sep 13, 2020 3:49 pm
Forum: Personal Investments
Topic: Pay Off Rental Property or Keep it Leveraged?
Replies: 10
Views: 764

Re: Pay Off Rental Property or Keep it Leveraged?

Mathematically does it make sense to do this? Is there a certain optimal amount to pay it down? It depends on what you are comparing it to and how much the lender will charge for the recast. If you were going to send the lender extra money to pay down the mortgage without a recast the that would ju...
by BHawks87
Sun Sep 13, 2020 3:02 pm
Forum: Personal Investments
Topic: Pay Off Rental Property or Keep it Leveraged?
Replies: 10
Views: 764

Re: Pay Off Rental Property or Keep it Leveraged?

One thing you might want to look into is if the lender will "recast your mortgage"(Google this) if you make a large prepayment. The way this works is that if you pay the loan down by 25%(or whatever makes sense) then your required monthly mortgage payment will go down by the same percenta...
by BHawks87
Sun Sep 13, 2020 2:07 pm
Forum: Personal Investments
Topic: Pay Off Rental Property or Keep it Leveraged?
Replies: 10
Views: 764

Re: Pay Off Rental Property or Keep it Leveraged?

LittleMaggieMae wrote: Sun Sep 13, 2020 1:09 pm Another thing to maybe consider is How does the $3500 or so in interest play with the rest of your income when you file taxes? You are at the beginning of the mortgage so paying the 'most' in interest.
Yes that is something I will have to take into consideration as well.
by BHawks87
Sun Sep 13, 2020 12:49 pm
Forum: Personal Investments
Topic: Pay Off Rental Property or Keep it Leveraged?
Replies: 10
Views: 764

Pay Off Rental Property or Keep it Leveraged?

My wife and I are in our early 30's and have about $315k in our retirement accounts. About $20k of that is in a taxable account spread between VTSAX and VTIAX. Our current asset allocation is 90/10. We have a rental property that has a mortgage balance of $56k and is currently at 5.8%. The monthly m...
by BHawks87
Wed Aug 05, 2020 6:15 pm
Forum: Personal Investments
Topic: Is TIPS a good idea for short-term cash holding right now?
Replies: 13
Views: 1053

Re: Is TIPS a good idea for short-term cash holding right now?

Ally No Penalty CD wouldn't be a bad place. Its an 11 month CD earning .9%. Super safe, won't lose principal and will earn a little interest. After 10 days you can withdraw at anytime without penalty. https://www.ally.com/bank/no-penalty-cd/ If you want to take a little more risk then if it was me I...
by BHawks87
Mon May 25, 2020 12:40 am
Forum: Investing - Theory, News & General
Topic: Tracking World Index w/ Separate US and International Funds Not Ideal?
Replies: 6
Views: 436

Tracking World Index w/ Separate US and International Funds Not Ideal?

If you are trying to track the weight of the world index with your US and international holdings but don't have access to VTWAX then wouldn't you be buying high and selling low which isn't ideal? Let's say you choose to allocate all new investments to the current global weight of US and Internationa...
by BHawks87
Fri May 08, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Recommendations for relatively cheap cell phones
Replies: 34
Views: 1697

Re: Recommendations for relatively cheap cell phones

It seems like a lot of people are recommending the Moto G series. I am currently sporting a Galaxy S6 that I have had since it first came out 5 years ago. The phone is very laggy and has to be charged 2 to 3 times a day. I was originally going to go with the Pixel 3a but it seems the Moto G phones w...
by BHawks87
Thu May 07, 2020 6:31 pm
Forum: Personal Consumer Issues
Topic: Recommendations for relatively cheap cell phones
Replies: 34
Views: 1697

Re: Recommendations for relatively cheap cell phones

I am currently in the same boat. The Pixel 3a is my choice. It is currently $399 from Google (can find it for cheaper on Amazon). The new Pixel 4a is coming out later this month so if you can wait the 3a should get discounted.
by BHawks87
Thu May 07, 2020 11:16 am
Forum: Personal Consumer Issues
Topic: Worth Buying a Used Phone on Swappa?
Replies: 28
Views: 1694

Re: Worth Buying a Used Phone on Swappa?

Thanks a lot for all the replies!

I am thinking about buying a Pixel 3a but am going to wait for the Pixel 4a to come out later this month to see how much they drop in price. Also considering getting a Moto G7 Power which is new at $180 right now.

Anyone have either of these phones?
by BHawks87
Wed May 06, 2020 3:27 pm
Forum: Personal Consumer Issues
Topic: Worth Buying a Used Phone on Swappa?
Replies: 28
Views: 1694

Worth Buying a Used Phone on Swappa?

Has anyone bought phones off of Swappa? There are phones that have a few scratches on them for 40ish% off on a phone that is only a year old. The only thing I am worried about is the battery but can a phones battery really be that bad after only a year of use? Has anyone had good or bad experiences ...
by BHawks87
Tue Apr 21, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1673

Re: Anybody using a stock portfolio LOC?

"Are you able to get a LOC on your Vanguard taxable account?" To my knowledge Vanguard doesn't offer this sort of thing. I have accounts at Fidelity and Vanguard. I reached out to Fidelity to inquire about this and they set up a referral to a bank- Boston Private which is who I am dealing...
by BHawks87
Tue Apr 21, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1673

Re: Anybody using a stock portfolio LOC?

Are you able to get a LOC on your Vanguard taxable account?
by BHawks87
Thu Apr 16, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: Pixel 3a or Wait for New Iphone?
Replies: 35
Views: 1663

Pixel 3a or Wait for New Iphone?

I am currently using a Samsung Galaxy S6 that can barely go 3 hours without needing to be charged so I think its time for an upgrade. Should I go for the Pixel 3a (price dropped to $300) or wait for the new iPhone SE2 for $399? I have always used Androids before and like the cheaper price of the Pix...
by BHawks87
Sat Apr 04, 2020 3:30 pm
Forum: Personal Investments
Topic: Layered Emergency Fund
Replies: 30
Views: 2713

Layered Emergency Fund

After this Covid-19 scare I think I would like to get a little more conservative with my emergency fund. Right now I only have 3 months in a money market account and then have money in stocks in a taxable. I'm thinking I want to get maybe 2 or 3 months into a savings account and leave 3 months in th...
by BHawks87
Mon Mar 23, 2020 7:01 pm
Forum: Personal Investments
Topic: Verifying This TLH Won't Be A Wash Sale
Replies: 4
Views: 189

Re: Verifying This TLH Won't Be A Wash Sale

MotoTrojan wrote: Mon Mar 23, 2020 6:56 pm This is a perfect plan. Well done! No wash.

Watch out for dividend reinvestment on VTIAX and VLCAX (not sure if they paid yet).
Great thanks!

Set dividends to go to settlement account :sharebeer
by BHawks87
Mon Mar 23, 2020 6:56 pm
Forum: Personal Investments
Topic: Verifying This TLH Won't Be A Wash Sale
Replies: 4
Views: 189

Verifying This TLH Won't Be A Wash Sale

On 3/10 I exchanged VTWAX (Total World Index) into VLCAX (Large Cap Index) and VTIAX (Total International Index). I now want to exchange VLCAX to VFIAX (S&P 500 Index) and VTIAX into VFWAX (Total World Ex US Index). I don't have any of the above mentioned funds in my IRA or my spouses IRA. 1.) A...
by BHawks87
Tue Mar 10, 2020 2:10 pm
Forum: Personal Investments
Topic: Did I Wash My Entire Tax Loss Harvest?
Replies: 7
Views: 453

Re: Did I Wash My Entire Tax Loss Harvest?

I only had VTWAX in my taxable account and did not hold VTWAX in any other accounts. I bought $5k worth around March 1st. I then sold all the lots yesterday into a Large Cap and International Fund that I don't have in any of my other accounts. I did not realize that the wash sale applied to buying ...
by BHawks87
Tue Mar 10, 2020 2:07 pm
Forum: Personal Investments
Topic: Did I Wash My Entire Tax Loss Harvest?
Replies: 7
Views: 453

Re: Did I Wash My Entire Tax Loss Harvest?

As long as you sold it all, no. All a wash does is add the ineligible basis on to the shares that were purchased in the last 30 days; you sold them though, so you got the loss regardless. Thanks for the response but I'm still kind of confused. So If I left shares behind then whatever losses I incur...
by BHawks87
Tue Mar 10, 2020 1:59 pm
Forum: Personal Investments
Topic: Did I Wash My Entire Tax Loss Harvest?
Replies: 7
Views: 453

Re: Did I Wash My Entire Tax Loss Harvest?

As long as you sold it all, no. All a wash does is add the ineligible basis on to the shares that were purchased in the last 30 days; you sold them though, so you got the loss regardless. Thanks for the response but I'm still kind of confused. So If I left shares behind then whatever losses I incur...
by BHawks87
Tue Mar 10, 2020 1:52 pm
Forum: Personal Investments
Topic: Did I Wash My Entire Tax Loss Harvest?
Replies: 7
Views: 453

Did I Wash My Entire Tax Loss Harvest?

I only had VTWAX in my taxable account and did not hold VTWAX in any other accounts. I bought $5k worth around March 1st. I then sold all the lots yesterday into a Large Cap and International Fund that I don't have in any of my other accounts. I did not realize that the wash sale applied to buying t...
by BHawks87
Mon Mar 09, 2020 7:56 pm
Forum: Personal Investments
Topic: Tax Loss Harvest - How do I see the loss?
Replies: 6
Views: 513

Re: Tax Loss Harvest - How do I see the loss?

I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now? If you look at the unrealized losses, that should give you some idea of what you actually realized, assuming you ...
by BHawks87
Mon Mar 09, 2020 5:45 pm
Forum: Personal Investments
Topic: Tax Loss Harvest - How do I see the loss?
Replies: 6
Views: 513

Tax Loss Harvest - How do I see the loss?

I put the order in today for a mutual fund and sold about 6 lots. Do I have to wait until tomorrow to see how much the loss is based on the close price or is there a way to find it now?
by BHawks87
Fri Mar 06, 2020 2:23 pm
Forum: Personal Investments
Topic: Tax Loss Harvest Execution Timing
Replies: 0
Views: 200

Tax Loss Harvest Execution Timing

I currently hold VTWAX (Vanguard Total World Stock Index) and want to do a tax loss harvest into a large cap and international index. If I execute the exchange before the market closes today then does it sell at today's closing price and buys the new funds at today's closing price? The cut off time ...
by BHawks87
Sun Mar 01, 2020 10:01 am
Forum: Personal Investments
Topic: Tax Loss Harvesting Help
Replies: 6
Views: 488

Re: Tax Loss Harvesting Help

Triple digit golfer wrote: Sun Mar 01, 2020 7:09 am Seems you'd only have one lot each of the two new funds, wouldn't you?
I add new money monthly.
by BHawks87
Sun Mar 01, 2020 5:11 am
Forum: Personal Investments
Topic: Tax Loss Harvesting Help
Replies: 6
Views: 488

Tax Loss Harvesting Help

I currently only hold VTWAX (Vanguard Total World Index) in my taxable account. If I tax loss harvest I was going to split into VLCAX (Vanguard Large Cap Index) and VTIAX (Vanguard Total International Index). My question is on what I should do next time I harvest? The plan was to move the VLCAX to V...
by BHawks87
Sat Feb 15, 2020 12:20 pm
Forum: Personal Investments
Topic: Eligible to Contribute to HSA on Wife's Insurance?
Replies: 2
Views: 204

Eligible to Contribute to HSA on Wife's Insurance?

I switched to my wife's High Deductible insurance this year and am wondering if I am eligible to contribute to my HSA with after tax dollars and then deduct it when I do my taxes. Doing some Googling it seems like yes I am but just want to be certain that I don't have to be covered by my own High De...
by BHawks87
Mon Feb 10, 2020 8:58 pm
Forum: Personal Investments
Topic: Adding REIT's to My Portfolio
Replies: 3
Views: 573

Adding REIT's to My Portfolio

Right now I have a three fund portfolio but am thinking about adding some REIT's in.

I want to follow Rick Ferri's Core Four but am wondering what everyone's opinion is on using a World REIT in place of a US REIT.

iShares REET is only .14% vs VGSLX at .12%.

Thoughts?
by BHawks87
Sat Jan 04, 2020 2:11 am
Forum: Personal Investments
Topic: Put Money Into a 529 Plan and Immediately Pay Student Loan?
Replies: 2
Views: 471

Re: Put Money Into a 529 Plan and Immediately Pay Student Loan?

You are right to check on this with the state. It sounds too good to be true, but you or your parents could have out money into a 529 in Dec, gotten the state deduction , then used the money to pay the Jan tuition. Essentially the same as your situation, just without the loan. If you have checked w...
by BHawks87
Fri Jan 03, 2020 9:53 pm
Forum: Personal Investments
Topic: Put Money Into a 529 Plan and Immediately Pay Student Loan?
Replies: 2
Views: 471

Put Money Into a 529 Plan and Immediately Pay Student Loan?

Starting this year my state gives a tax credit for contributions into their 529 plan. In my current tax bracket I will get a 10% tax credit on contributions with a cap at a $300 credit per tax year. I have multiple student loans around the $3k to $4k mark and have just left them alone and invested i...
by BHawks87
Sun Dec 01, 2019 11:11 pm
Forum: Personal Investments
Topic: Is anyone else having trouble getting into vanguard [12-1-19]
Replies: 57
Views: 3129

Re: Is anyone else having trouble getting into vanguard [12-1-19]

Had trouble logging in all morning but then finally was able to log in a few hours ago. Made a transfer in my taxable account and then wanted to deposit some money but it stopped working again. Just was able to log into the app and complete the deposit I wanted to do but then the app booted me out a...
by BHawks87
Sat Oct 26, 2019 12:01 am
Forum: Personal Investments
Topic: Dipping Below Vanguard Fund Minimums?
Replies: 8
Views: 1408

Dipping Below Vanguard Fund Minimums?

If I were to own Fund A (minimum $3k to open) and only have $3k in it and want to move a portion but not all from Fund A to Fund B would that be allowed or would Vanguard block me from dipping below the $3k minimum?
by BHawks87
Tue Oct 15, 2019 3:04 pm
Forum: Personal Investments
Topic: What Funds to Hold in Taxable Account for Tax Loss Harvesting?
Replies: 2
Views: 538

What Funds to Hold in Taxable Account for Tax Loss Harvesting?

I was wondering what would be the best accounts to hold in my Taxable Brokerage account at Vanguard so that I can tax loss harvest? I am worried about wash sales from automatic investments from the IRA's and 401(k)/402(b). Would a Vanguard 500 Index Fund be the best option so that when there is a bi...
by BHawks87
Tue Jul 23, 2019 12:24 am
Forum: Personal Investments
Topic: Hold REIT in IRA or Roth IRA???
Replies: 5
Views: 898

Hold REIT in IRA or Roth IRA???

Is it best to hold REIT's in a Roth IRA or an IRA? I currently have VTSAX in my Roth IRA and IRA but am going to add a REIT. As far as when I'm retired and looking to draw on these funds does it really matter which account I'm holding the REIT in? I'm kind of thinking that since the REIT will be kic...
by BHawks87
Sat Jul 20, 2019 11:52 am
Forum: Personal Investments
Topic: Easy Way to Auto Buy Different ETF's at Vanguard?
Replies: 2
Views: 264

Re: Easy Way to Auto Buy Different ETF's at Vanguard?

Thanks for the response. I actually found the answer and was trying to delete my post but it says I can't ☹️. I was considering m1 but keep seeing posts with all sorts of bugs like transactions not going off without explanation and I caught and reported an error on the app showing the wrong expense ...