Search found 143 matches

by dcw213
Sat Dec 07, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Gave all personal info to phone scammer
Replies: 31
Views: 4915

Re: Gave all personal info to phone scammer

Thank you very much for the below post, it is a tremendously helpful actual scenario to help us all not get too comfortable with our email text relationships with financial institutions. I consider myself pretty defensive but I could see myself falling for the below scenario in the moment. I am surp...
by dcw213
Wed Nov 06, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Pension Discount Rate (Lump Sum Valuation)
Replies: 6
Views: 302

Re: Pension Discount Rate (Lump Sum Valuation)

Thanks for the responses and references. Upon rereading my post it is definitely not super clear, apologies. My thoughts behind the questions were basically: 1) What is the standard practice used by plans (thanks for the links, definitely helpful) 2) How would you think about the right rate to use w...
by dcw213
Wed Nov 06, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Pension Discount Rate (Lump Sum Valuation)
Replies: 6
Views: 302

Pension Discount Rate (Lump Sum Valuation)

I don’t know very much about pension administration or what is standard and have found information regarding standard practices surprisingly hard to find through research. I have a relative asking me some questions. I recognize that pension plans or those who administer can offer lump sum or buyout ...
by dcw213
Wed Oct 30, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Account Sign-up Bonus at Sofi
Replies: 1
Views: 208

Account Sign-up Bonus at Sofi

Hello - I thought I would share some news of an account sign-up bonus that a colleague forwarded to me yesterday and I took advantage of. I was able to get a quick $100 bonus for moving $200 into a cash and brokerage account at Sofi (previously a student loan refinance institution but breaking into ...
by dcw213
Sat Oct 19, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10321

Re: For those who are FI: At what point did you begin to relax?

What is DI2K? Is this a common acronym that I should know? I googled it and got nothing. Why do so many people use random acronyms, do they not realize that some people do not know what they are supposed to mean? Am I expected to do research to figure out what you are trying to say? Is it so hard t...
by dcw213
Thu Oct 17, 2019 6:40 pm
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3308

Re: I'm an indexer, but should I be buying my companies discounted stock?

Years ago I worked for a mid cap company that had a 15% ESPP discount. I participated for years and sold immediately (no holding requirement after purchase). Interestingly, the stock price on the quarterly date of ESPP purchase where employees could sell ALWAYS tanked by 4%+. Seemed odd to me as it ...
by dcw213
Mon Oct 14, 2019 9:38 pm
Forum: Personal Investments
Topic: I-Bonds for emergency fund, now or wait?
Replies: 10
Views: 1469

Re: I-Bonds for emergency fund, now or wait?

I like optimization as much as the rest of them, but I find it kind of amusing how much hemming and hawing there is about when to buy iBonds theoughout the year. On each individual’s 10K, even the 0.5% fixed rate is about $50 per year. If iBonds are to truly matter for a portfolio one must buy every...
by dcw213
Mon Oct 07, 2019 10:00 am
Forum: Personal Investments
Topic: Borrowing at one rate (mortgage) and lending at another (bonds)
Replies: 7
Views: 777

Re: Borrowing at one rate (mortgage) and lending at another (bonds)

I just took on a mortgage and went through the same thought process. I could have paid cash but it would have nearly wiped out all my taxable assets beyond my emergency fund. This was too precarious a situation for me with a new home and 2 kids. Funny you say Navy Fed, as I loaded up on 5 year CDs a...
by dcw213
Mon Sep 02, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Job Change - Looking for Feedback
Replies: 5
Views: 680

Job Change - Looking for Feedback

Without getting into too much detail, I have not enjoyed my job for some time. I even made a post on here 5 years ago about being burnt out but I have pushed onward. I now have a family and have taken the foot off the pedal big time at work. That transition was better than expected. However, I have ...
by dcw213
Mon Aug 19, 2019 7:56 pm
Forum: Personal Investments
Topic: P2P lending as a part of port folio
Replies: 15
Views: 925

Re: P2P lending as a part of port folio

I have dabbled and would not recommend. I have seen consistent practices that rub me the wrong way, like claiming transparency but bucking protocol to not disclose delinquency or default rates. For example, a platform I use made a big deal about listing all active loans to users. Whenever a loan wen...
by dcw213
Mon Aug 19, 2019 7:42 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13982

Re: When Did You Ease Up On Saving Aggressively?

Dear Friends, At what point do you let up on the aggressive savings gas pedal? When you are close to your number? After reaching? Never? Financial calculators suggest that we may reach our number (~25x expenses) in 2-3 years depending on the market. We LBYM (save ~45%), however, my spouse thinks we...
by dcw213
Mon Aug 19, 2019 7:06 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13982

Re: When Did You Ease Up On Saving Aggressively?

This is a tough question because it is all relative. I just bought my first house since my family is now outgrowing our old and cheap apartment. It feels like a shock to the system but the reality is that we have gone from extreme living below means to just simply living below means. Our previous re...
by dcw213
Mon Aug 19, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: How are you finding "no cost" refis?
Replies: 20
Views: 2511

Re: How are you finding "no cost" refis?

As others have pointed out, there is no such thing in the pure sense of the word, as you must take an above average interest rate to pay no costs. Operationally, the lender gives you a credit to offset costs and then they generally can make more money when they sell the higher rate loan on the secon...
by dcw213
Sat Aug 17, 2019 1:15 pm
Forum: Personal Investments
Topic: Revisiting EE Bonds given 20 year treasury bond at ~1.9%
Replies: 31
Views: 2600

Re: Revisiting EE Bonds given 20 year treasury bond at ~1.9%

I am considering buying again as well. I bought the last time in 2016 but since then they have not been worth it to me. I am already at my max equity exposure so always looking for new fixed income possibilities. I keep a bunch of my fixed income allocation in very liquid investments (bond funds, sa...
by dcw213
Mon Aug 05, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 8023

Re: Financial anxiety and next steps in relationship

I am a little surprised at some of the responses you are getting. You and only you can know if this is truly a woman that you love and are compatible with. Your situation may be sub optimal but is very possible to manage. That should not deter you from proceeding. Your post, however, implies that yo...
by dcw213
Mon Aug 05, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Renegotiate Rate 30 Days from Closing? (First Time Homebuyer)
Replies: 3
Views: 547

Re: Renegotiate Rate 30 Days from Closing? (First Time Homebuyer)

Interesting, thanks for the feedback. I had assumed that the appraisal I bought could be carried to a new lender but have not verified that.
by dcw213
Mon Aug 05, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home insurance (State Farm v Hippo)
Replies: 15
Views: 1053

Re: Questions about home insurance (State Farm v Hippo)

I am not saying I am right here but I go with leading names for home and auto because I want someone who will actually pay for a reasonable claim. I have heard a few stories about the discount carriers resisting claims pretty aggressively. I myself have no experience filing a claim for either.
by dcw213
Mon Aug 05, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Fixed vs Variable Mortgage
Replies: 23
Views: 1232

Re: Fixed vs Variable Mortgage

Those rates are not competitive. Right now you can get 3.5% on a 30 fixed easily.
by dcw213
Mon Aug 05, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Renegotiate Rate 30 Days from Closing? (First Time Homebuyer)
Replies: 3
Views: 547

Renegotiate Rate 30 Days from Closing? (First Time Homebuyer)

I have posted a few questions related to my first time home buying experience currently underway and the responses have been extremely helpful in helping me navigate the process. So firstly, thank you all! I thought I was pretty much set, but a new question has arisen. I locked my rate 3 weeks ago w...
by dcw213
Wed Jul 31, 2019 2:23 pm
Forum: Personal Investments
Topic: Bonds vs. CDs or Money Mkt. Funds for Ballast
Replies: 10
Views: 1251

Re: Bonds vs. CDs or Money Mkt. Funds for Ballast

I personally use retail CDs and Series I savings bonds as the majority of my fixed income holdings. This decision is not based on fear of rising rates - I am not sensitive to the fluctuation of principal as I believe that over the long haul it will adjust accordingly (as explained in a good response...
by dcw213
Thu Jul 25, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

A lesson learned for me but still getting lots of different opinions on what standard practice is. People use the phrase "standard practice" all the time because they don't really understand the reasons behind it but figure that they should follow it because others must know something that they don...
by dcw213
Thu Jul 25, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

I am in an unexpected situation in going through my first home purchase. We made an offer on a house at list price very soon after it went on market and it was accepted quickly. We are in attorney review now. We went through inspection and settled on some terms for repairing defects etc. Unexpected...
by dcw213
Thu Jul 25, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

Thanks all for the thoughts and perspective. Upon reflection my feeling was that if this house had been sitting on the market for a while I would be very comfortable being more aggressive in negotiations knowing that the sellers likely don’t want to start over. We bid quickly and strongly on this si...
by dcw213
Thu Jul 25, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

Personally I would withdraw the offer. (I guess technically you don’t need to since they didn’t accept it but with attorneys involved I’d be crystal clear.) your contingency is very standard. their requests are odd; not necessarily not accepting offers with contingencies, which is fairly common, bu...
by dcw213
Thu Jul 25, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

Who is demanding the appraisal? Your mortgage company? Are you pre-approved for the loan amount? Yes I have a pre approval but the lender requires the appraisal. My attorney recommended adding the appraisal contingency citing it as a standard buyer protection. I don’t expect appraisal issues. While...
by dcw213
Thu Jul 25, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

Re: First Home Purchase - Disagreement on Appraisal Contingency

Thanks for the feedback. Just to clarify, their counter proposal was 25K less not 25%. This amounts to about 4%
by dcw213
Thu Jul 25, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3843

First Home Purchase - Disagreement on Appraisal Contingency

I am in an unexpected situation in going through my first home purchase. We made an offer on a house at list price very soon after it went on market and it was accepted quickly. We are in attorney review now. We went through inspection and settled on some terms for repairing defects etc. Unexpectedl...
by dcw213
Tue Jul 02, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1371

Re: Shopping for Mortgage - Question re ARMs

Thanks all for the replies. The resets can be pretty harsh - can move 200 bps is each year with a ceiling of 7%. I have since learned that in order to get this rate it requires 30% down payment, something I had not been told originally so there definitely are some strings. As discussed in a great re...
by dcw213
Fri Jun 28, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1371

Re: Shopping for Mortgage - Question re ARMs

I got the CDs last year and early this year.

PenFed (3.5%, 5 year)
Sharonview CU (4.0%, 6 year) *brief promotion
Andrews Federal CU (3.5%, 7 year) just saw this was offered last week and pounced, think it ends today
by dcw213
Fri Jun 28, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1371

Re: Shopping for Mortgage - Question re ARMs

Thanks for the replies. Most of the savings were accumulated prior to kids and reduced spouse hours and salary and high child related expenses have us not able to save much taxable anymore (still save some just at a lower rate than very aggressive pre kids). We still max out two 401ks, two backdoor ...
by dcw213
Fri Jun 28, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1371

Shopping for Mortgage - Question re ARMs

I am about to purchase my first home and I am shopping for a mortgage. I had always planned to go with a 30 or 15 year fixed. However, I received some very compelling ARM offers in the process. I wanted to see if I could get some opinions about what might be best for me. Some key information: 1) I p...
by dcw213
Tue Jun 11, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Submitting Insurance Claims for Toddler Special Needs Therapy
Replies: 8
Views: 574

Re: Submitting Insurance Claims for Toddler Special Needs Therapy

Thank you very much for the responses, this has all been very helpful. One detail is that our son is not 3 for another 7 weeks or so which seems to be a milestone that the school district advised to wait until. I will do some more research based on this guidance, thank you again.
by dcw213
Tue Jun 11, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Submitting Insurance Claims for Toddler Special Needs Therapy
Replies: 8
Views: 574

Submitting Insurance Claims for Toddler Special Needs Therapy

I posted on the general topic of my son and his special needs a while back and received good advice. I am progressing on this confusing and emotionally challenging journey and have a more specific question regarding insurance, specifically having to submit a claim. A brief summary, my toddler has de...
by dcw213
Wed May 29, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9110

Re: Did you buy the 600+ dip last week ?

Are we experiencing another dip? Prices lower than this celebratory post from just 2 weeks ago. It’s a slippery slope to thinking you can get deals or that your trading strategy is smart. Stay the course, periodically rebalance.
by dcw213
Tue May 28, 2019 10:40 am
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 35
Views: 10567

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

I'm a fan of his blog and an active reader. As others have noted he has accumulated a lot of money through hard work and now has the opportunity to pursue things that interest him. I dream of being in the same boat one day. From my perspective he is very honest about his situation and does not claim...
by dcw213
Wed May 22, 2019 8:28 am
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3494

Re: Frozen by uncertainty, really want to unfreeze

OP, you are asking all the right questions and you are right to be wary of fees for financial planners and savings accounts. For most people both are completely unnecessary and are structured to take advantage of the uninformed. Here is some advice: 1) Open an online savings account at Ally. No fees...
by dcw213
Sun May 19, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15805

Re: FIRE - What am I missing in the News Stories

It is a bold and high risk lifestyle choice and I likely wouldn't do it myself but I certainly understand the appeal and somewhat envy those with the courage to implement such a lifestyle. I think it comes down to the fact that, unlike previous generations, more of today's young people are opting fo...
by dcw213
Thu May 16, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9110

Re: Did you buy the 600+ dip last week ?

Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. D...
by dcw213
Wed May 15, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9110

Re: Did you buy the 600+ dip last week ?

Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. D...
by dcw213
Wed May 15, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9110

Re: Did you buy the 600+ dip last week ?

Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Di...
by dcw213
Mon May 13, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Careers in art
Replies: 91
Views: 5202

Re: Careers in art

I have to agree with KlangFool on this one. I have seen far too many waste an education that cost six figures plus with no real plan. It’s a tough question and a fine line to decide when to lay down the law on your wishes. Klangfool seemed to hit on the head when he said that he has to be convinced ...
by dcw213
Thu May 09, 2019 9:58 pm
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4578

Re: Hedge against the decline of the Realtor profession

This is a very interesting topic. I work in the industry (housing finance). It is a crazy one for many reasons. Home values are supported due almost entirely to the fact that the government takes on nearly all mortgage credit risk (why else would investors in long term fixed rate prepayabpe debt acc...
by dcw213
Sat Apr 27, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 18580

Re: Whats the Point of Climbing the Corporate Ladder?

Great question and a lot of good responses thus far. I feel like I am a good case study as I never had ambition to climb the ladder but fell into the opportunity due to consistent good work and, frankly, a "lucky" and odd sequence of events. I did not, nor would I have, put in the political effort o...
by dcw213
Mon Apr 01, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 5187

Re: 11-year old with iPhone - advice on how best to manage?

Wow - reading this thread caused me a great deal of anxiety. I am in my mid 30s so lived through the internet age as a minor but certainly did not grow up with it. Always accessible high speed WiFi wasn’t a thing until 2nd half of college. Most of my friends are not all that active on the social med...
by dcw213
Wed Mar 27, 2019 11:02 am
Forum: Personal Investments
Topic: Should I Own Any Other Bonds if I Have Access to the Government G-Fund?
Replies: 8
Views: 1019

Re: Should I Own Any Other Bonds if I Have Access to the Government G-Fund?

The G Fund is definitely something my wife and I have used for a lot of our fixed income. This recent yield curve inversion, however, proves that it is not always a guaranteed win. Bond prices have rallied and the g fund yield is dropping to levels that are lower than online savings accounts or shor...
by dcw213
Fri Mar 15, 2019 9:01 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 14245

Re: The case for 100% equities

I could be wrong (and please forgive me if I am) but I have your name pegged as one that posts emotionally during declines in the market price of equities. If this is correct, please, for your own sake, do not tinker and keep your AA. Overthinking, especially as someone visibly impacted during volat...
by dcw213
Wed Mar 06, 2019 6:54 pm
Forum: Personal Investments
Topic: ESPP shares tank before I can sell
Replies: 26
Views: 1708

Re: ESPP shares tank before I can sell

This is an interesting post and a topic I have pondered passively for some time. My first job was with a mid cap public firm. We had a 15% discount on the ESPP. Even before I was financially savvy it was clear to me that this was free money to be had. I maxed out and sold immediately for the first c...
by dcw213
Sat Feb 16, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Life As A Negative Asset
Replies: 30
Views: 2755

Re: Life As A Negative Asset

I like thinking about personal finance intricacies as much as the rest of this forum, but this is off the deep end in my opinion. Your life is not a business that can be valued and sold. GAAP accounting does not apply. This seems like some sort or odd optimization theory - relax and enjoy life.
by dcw213
Sat Feb 16, 2019 4:07 pm
Forum: Personal Investments
Topic: Am I trying to time the market?
Replies: 20
Views: 1169

Re: Am I trying to time the market?

Because you are new to investing and seem to be tuned into the daily headlines and market movements, my advice would be to plug in something like $10k per month into the total market fund over the next year plus. If we do see a downturn you may have a hard time psychologically if your entire investm...
by dcw213
Thu Feb 07, 2019 7:05 pm
Forum: Personal Investments
Topic: Penfed 10 yr 5% IRA CD's- break CD's early?
Replies: 5
Views: 777

Re: Penfed 10 yr 5% IRA CD's- break CD's early?

I'd say that nearly all on this forum would be lining up to buy a 5% CD with a 2 year duration today. Don't see why you would give this up.