Search found 175 matches

by dcw213
Wed Jun 10, 2020 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of utilizing mortgage deferral
Replies: 56
Views: 2521

Re: Pros/cons of utilizing mortgage deferral

I work in the industry. Servicers are all over the place in their capabilities to follow these sorts of things (surprising but true, I have seen some crazy errors and lack of competency around what is a simple process of collecting and remitting payments and reporting). There is a chance that it wil...
by dcw213
Sat Jun 06, 2020 8:50 am
Forum: Investing - Theory, News & General
Topic: Anyone screwed up timing the market?
Replies: 94
Views: 8606

Re: Anyone screwed up timing the market?

I had a pretty bad outcome during the recent volatility that I will share as a vent and as some feedback for the forum. Last year I rolled over an IRA into my 401k. I left the money in stable value for 6 months as it was in bonds in my IRA and to be honest I just had a lot of things going on and in ...
by dcw213
Mon May 25, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Two kids, how to divide 529 allocation?
Replies: 11
Views: 1476

Re: Two kids, how to divide 529 allocation?

I now have two 529s opened for my two kids so I am following this thread with interest. I saw a post recently from one of my favorite bogleheads (Livesoft) who mentioned that they went 100% stock in one and more conservative in the other. I believe he said his wife was able to use some losses in the...
by dcw213
Thu Mar 26, 2020 9:10 pm
Forum: Personal Investments
Topic: I moved to cash on March 13th and I’m regretting my decision now
Replies: 77
Views: 9388

Re: I moved to cash on March 13th and I’m regretting my decision now

You are likely regretting it because we have had 3 days when markets are up. 3 days. You need to realize that you are being very emotional here and try to be honest with yourself. Did you really learn a lesson over the last 3 days or will your mind change again if we drop another 30% from here? I am...
by dcw213
Sun Mar 22, 2020 10:28 pm
Forum: Personal Investments
Topic: Selling 100% stocks on a bounce
Replies: 256
Views: 22060

Re: Selling 100% stocks on a bounce

Serious question for OP - why are you posting this? I have read many posts from you the last week saying the same thing and dismissing nearly all feedback. Just sell and move on.
by dcw213
Wed Mar 11, 2020 5:16 pm
Forum: Personal Investments
Topic: So much for losing out in inflation thought
Replies: 10
Views: 503

Re: So much for losing out in inflation thought

Is this your first time experiencing a market downturn or bear market? Indeed it can be unsettling and going through one is necessary to truly understand that concepts of risk tolerance as it relates to asset allocation are not theoretical concepts. After 2008 and LOTS of self reflection about my em...
by dcw213
Fri Mar 06, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 296
Views: 45192

Re: 30 year mortgage under 3%

I refinanced with LenderFi in early February on a tip from this forum. I believe I can now reduce my rate by another 0.375% given the recent activity. I have seen it mentioned here that LenderFi can claw back a lender credit if I pay the loan off within 6 months. I don't recall seeing those terms in...
by dcw213
Fri Mar 06, 2020 7:59 am
Forum: Personal Investments
Topic: I & EE Bonds in the current environment
Replies: 31
Views: 2605

Re: I & EE Bonds in the current environment

Yes they are the best deal available for risk free bonds at the moment. I believe that the 3.5% effective yield on the EE bond will be seen over the next decade plus the way we look at people with envy who are still holding 6% treasuries today. No yield to be had out there for new investments, savin...
by dcw213
Thu Mar 05, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to refinance shortly after refinancing?
Replies: 12
Views: 1048

Re: Possible to refinance shortly after refinancing?

There is nothing legally preventing you from refinancing again immediately. I work in the industry and it is important to understand that most loans made are sold in the secondary market for a premium above the loan amount (dependent on rate). Many secondary market investors have terms that claw bac...
by dcw213
Wed Mar 04, 2020 7:00 pm
Forum: Personal Investments
Topic: Fed rate cut probability for 2020
Replies: 8
Views: 1134

Re: Fed rate cut probability for 2020

How far back was it when the "rate have nowhere to go but up" consensus started? "Nowhere to go but up" has been general sentiment for the past 20-30 years. Conventional wisdom has continually been proven wrong as new all time lows are established regularly. The slowly growing buy in on "permanent ...
by dcw213
Tue Mar 03, 2020 3:53 am
Forum: Personal Investments
Topic: Thinking about (temporarily) moving all *retirement* stock to bonds - please help
Replies: 292
Views: 25231

Re: Thinking about (temporarily) moving all *retirement* stock to bonds - please help

I think it is admirable that the OP is willing to be so transparent into his emotional reactions and fear. I believe that everyone experiences similar thoughts to a certain degree but are often not honest about it, especially around here. That said, the OP is clearly not looking for the advice of th...
by dcw213
Mon Mar 02, 2020 7:15 pm
Forum: Personal Investments
Topic: Converting IRA to Roth with an Unrealized Loss
Replies: 3
Views: 329

Re: Converting IRA to Roth with an Unrealized Loss

Thank you both! I will stop, for some reason have been convinced to wait and felt silly being out of market during the time. I figured it would be more straight forward. I will update this thread if anything material comes out of this situation.
by dcw213
Fri Feb 28, 2020 8:13 am
Forum: Personal Investments
Topic: Converting IRA to Roth with an Unrealized Loss
Replies: 3
Views: 329

Converting IRA to Roth with an Unrealized Loss

I have a Backdoor Roth question I am a bit stumped on. Last year I contributed to a non-deductible TIRA with the intention to convert to Roth. This may be silly and unnecessary, but I decided to wait 3 months before converting. I invested the funds and at the time of conversion my balance was about ...
by dcw213
Mon Feb 24, 2020 7:53 am
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 15048

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

As a few others have suggested, I struggle to understand these threads. A drop of the level cited in this post will value the market similarly to how it was valued less than one month ago. How is this a reason for boglegeads to act when they did not act 3 weeks ago? Seems to be an emotional reaction...
by dcw213
Wed Feb 05, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 354
Views: 42137

Re: My LenderFi refinance is going well

I just closed a refi with LenderFi yesterday. Fast process, closed in 10 days and used all the automated tools the industry has adopted (Appraisal Waiver, payroll service income verification). Only had to provide a few documents. The process was smooth but documentation transfers felt a little less ...
by dcw213
Mon Feb 03, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi question: would love your thoughts!
Replies: 12
Views: 1138

Re: Mortgage refi question: would love your thoughts!

I would do the 10/1. As you pointed out, they offer the same rate with some flexibility built in. Get the 10/1 and start paying it off with extra towards principal (maybe even at the 15 year schedule). If things become tight or if you feel you are sacrificing things you would like to otherwise do wi...
by dcw213
Mon Jan 27, 2020 3:11 am
Forum: Personal Finance (Not Investing)
Topic: Ambulance Ride and Insurance (911 House Call)
Replies: 24
Views: 2701

Re: Ambulance Ride and Insurance (911 House Call)

Thanks all for the thoughts, good info for me to look further into. It was definitely a moment where I knew I was walking into a likely unnecessary expense but was not about to argue against the advice given the scenario. I will report back on the outcome to this thread, but I am expecting a hefty b...
by dcw213
Sun Jan 26, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ambulance Ride and Insurance (911 House Call)
Replies: 24
Views: 2701

Re: Ambulance Ride and Insurance (911 House Call)

Thanks for all the replies, very helpful. It appears that the ambulance and EMT service is through the municipal fire department.
by dcw213
Sun Jan 26, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ambulance Ride and Insurance (911 House Call)
Replies: 24
Views: 2701

Ambulance Ride and Insurance (911 House Call)

I am trying to anticipate the cost or insurance implications of a recent event. This week my young child woke up screaming and short of breath. His wheezing and heart rate were very intense so we called 911. The paramedics came and checked his vitals and offered a preliminary diagnosis. They said he...
by dcw213
Sun Jan 12, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying in Manhattan
Replies: 21
Views: 1881

Re: Renting vs. Buying in Manhattan

I'm from the NYC metro area and like the city a lot. Many don't, it is not for everyone and gets under everyone's skin at some point. Many grow tired of the city quickly and leave. I know many people who worked on wall street right after college. Many didnt last more than a year due to voluntary or ...
by dcw213
Sun Jan 12, 2020 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance - Appraisal Waiver?
Replies: 12
Views: 1054

Re: Refinance - Appraisal Waiver?

You should be happy it was offered, it will save you money. On a purchase, there can potentially be some benefit to the borrower if the appraisal comes back materially lower than expected and you have an out or contingency in your contract. For a refi, it's part of the process for a lender, usually ...
by dcw213
Sun Jan 12, 2020 5:06 am
Forum: Personal Investments
Topic: Math/MS Access question
Replies: 12
Views: 913

Re: Math/MS Access question

You are calculating a simple average rather than a weighted average. You need to account for the dollars involved with each purchase to give you the number you seek.
by dcw213
Mon Jan 06, 2020 4:00 pm
Forum: Personal Investments
Topic: EE or I series bonds for retirement?
Replies: 29
Views: 3101

Re: EE or I series bonds for retirement?

I am a fan of savings bonds. I have maxed out I bonds for the last 10 years or so and, like others, I consider some to be part of my emergency fund and some to be an inflation protection part of my bond allocation. Being in my 30s, I enjoy the tax deferral and the access to the funds if I need them ...
by dcw213
Mon Jan 06, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5444

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

I don't understand why you only blame the banks. It is a two-way street. Both the lender and the borrower were irresponsible in those bad mortgages during the great recession. But it isn't crazy to make loans at 1.5% or so above risk free rate.....mortgages are pretty safe....assuming current solid...
by dcw213
Mon Jan 06, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5444

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

Unfortunately you will not have much luck in your pursuit. Contrary to your, and many's, opinion, mortgages are not a consumer lending product where banks gouge the consumer in interest rate (credit cards are a different story). It is actually quite the contrary - rates and duration of mortgages are...
by dcw213
Wed Jan 01, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5148

Re: To what do you owe your ability to forego spending now and save for your future?

Interesting thread. I think generally the example of those involved in one's upbringing is very important, but, as another poster said, I think some of it is just due to chance and how one's personality and outlook develop. I may be a good example of this. My parents provided a great life for us gro...
by dcw213
Mon Dec 30, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby Hospital Stay Straddling New Year - Insurance Impact?
Replies: 7
Views: 556

Re: New Baby Hospital Stay Straddling New Year - Insurance Impact?

So this theoretical is actually very close to the situation I am actually in as I sit here holding my newborn. Generally my thought would be no brainer, just listen to the doctors and the plans. However, on multiple occasions they have made it clear how it was a toss up but they might recommend we s...
by dcw213
Mon Dec 30, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby Hospital Stay Straddling New Year - Insurance Impact?
Replies: 7
Views: 556

Re: New Baby Hospital Stay Straddling New Year - Insurance Impact?

Thanks for the replies. I believe it is typical for service date to match date of birth in most instances but wondering if the change in year requires separate invoicing.
by dcw213
Mon Dec 30, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby Hospital Stay Straddling New Year - Insurance Impact?
Replies: 7
Views: 556

New Baby Hospital Stay Straddling New Year - Insurance Impact?

All - I have a theoretical question about high deductible health insurance plans and he impact of a brief hospital stay that straddles a calendar year. Let’s assume a family has met the HDHP deductible and is admitted to hospital and has a baby delivered on 12/30/2019. The hospital releases them the...
by dcw213
Thu Dec 26, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Reflecting on my Reaction to Individual Stock Investments
Replies: 16
Views: 924

Re: Reflecting on my Reaction to Individual Stock Investments

mortfree wrote:
Thu Dec 26, 2019 7:49 pm
Once a trader, always a trader...

:sharebeer
To a certain extent I do feel a bit rattled that the $50 purchase consumed my time to the extent it did. Useful exercise for me and hoping the post can add value to others.
by dcw213
Thu Dec 26, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reflecting on my Reaction to Individual Stock Investments
Replies: 16
Views: 924

Re: Reflecting on my Reaction to Individual Stock Investments

VTSAX and chill. Well said. :sharebeer I can assure you that I agree and have my whole portfolio in 3 funds. I am confessing that this event I thought would be fun turned into a time consuming rabbit hole and I acknowledge how if I were not subscribed to this forum’s philosophy, it could get out of...
by dcw213
Thu Dec 26, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Reflecting on my Reaction to Individual Stock Investments
Replies: 16
Views: 924

Reflecting on my Reaction to Individual Stock Investments

After years of dabbling in individual stock investing, first as my only strategy (ignorance) and then as a partial strategy (stubbornness), I firmly adopted the index fund approach in its entirety in 2013. Since then I have not owned a single individual stock. In addition to finally being convinced ...
by dcw213
Thu Dec 26, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Investing - NY (Newborn)
Replies: 3
Views: 375

Re: 529 Investing - NY (Newborn)

The level of contributions for a New York resident is a bit easier in my opinion. State taxes are high, I am guessing that you may be paying 7% or more at the top end of your income. That deduction is considerably valuable to take now. I would contribute up to the $10K limit for several years. Assum...
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: 5233

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: 332

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: 332

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
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: 10974

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: 3499

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: 17
Views: 2592

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: 826

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: 705

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: 973

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: 171
Views: 15000

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: 171
Views: 15000

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: 2626

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: 41
Views: 4060

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: 8210

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: 582

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: 1315

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: 1318

Re: Fixed vs Variable Mortgage

Those rates are not competitive. Right now you can get 3.5% on a 30 fixed easily.