Search found 270 matches

by StevenNJ1
Tue Nov 03, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is my company offering a decent Disability Insurance?
Replies: 2
Views: 297

Is my company offering a decent Disability Insurance?

Starting to learn more about disability insurance. They say it's the most important one to have. So, asked HR, and company does offer a plan; Company plan provides 60% of weekly earnings, up to a maximum of $2,000 per week for up to 104 weeks maximum. Limitations: Pre existing conditions 3 months pr...
by StevenNJ1
Mon Jul 13, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8118
Views: 566730

Re: Refinance Mega Thread

Am I getting the best deal or what? I see folks here getting money for refinancing and though to me it seems like a good deal what I am being offered, I am still curious. State = NJ Property value = 480k Loan amount = 340k Credit score = 800 Term = 20, 25, 30yr (broker said it doesn't matter until ...
by StevenNJ1
Mon Jul 13, 2020 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8118
Views: 566730

Re: Refinance Mega Thread

Am I getting the best deal or what? I see folks here getting money for refinancing and though to me it seems like a good deal what I am being offered, I am still curious. State = NJ Property value = 480k Loan amount = 340k Credit score = 800 Term = 20, 25, 30yr (broker said it doesn't matter until I...
by StevenNJ1
Fri Jul 10, 2020 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8118
Views: 566730

Re: Refinance Mega Thread

Going forward with 2 different mortgage brokers? I am in contact with 2 brokers, both good deals (2.75% on a 25yr, no points), but as always, they say ... send us all your paperwork (W2s, 2 forms of ID, insurance info, last 2 stubs, etc) and only then we can get the process going and possibly lock t...
by StevenNJ1
Thu Jul 09, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8118
Views: 566730

Re: Refinance Mega Thread

Can someone please advise?? Shopping around with local brokers as well as online companies. So far best deal I am getting is 2.75% on a 25yr or 30yr fixed and total of $1,500 out of pocket (without appraisal $420 that broker things I won't need). Obviously escrow (taxes) of about 2-4 months, but I d...
by StevenNJ1
Thu Jul 09, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Picking the Right broker when Refinancing ... going from 3.75% to 2.75%
Replies: 4
Views: 465

Picking the Right broker when Refinancing ... going from 3.75% to 2.75%

I plan to pull the trigger today and refinance my 30yr mortgage (27 years left to pay) from 3.75% to a 2.75%. Most likely going with 25yr term. After speaking with multiple brokers, it's interesting that their offers are somewhat similar. Best one I got was to go to 2.75% with $2,500 cost (title, cr...
by StevenNJ1
Thu Jun 27, 2019 8:00 am
Forum: Personal Investments
Topic: Questions for new, pitching 401k Adviser for our company?
Replies: 6
Views: 575

Re: Questions for new, pitching 401k Adviser for our company?

Follow up question ... it would help me if I knew exactly what it costs companies like ours to offer 401k. What determines the cost that company pays for offering 401k? thank you
by StevenNJ1
Wed Jun 26, 2019 8:49 pm
Forum: Personal Investments
Topic: Questions for new, pitching 401k Adviser for our company?
Replies: 6
Views: 575

Questions for new, pitching 401k Adviser for our company?

Our company's current 401k is bad, considering high expense fees (2.2%). Finally we have another adviser coming to pitch his services, 401k. I know about the fees and I know to push for ability to have index funds at low cost, but what else??? What questions should we be asking of a new 401k adviser...
by StevenNJ1
Mon Jun 17, 2019 8:07 am
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3665

Re: My Retirement "Catch Up" plan. Please help/critique.

Thank you for the suggestions. And so now, here is my latest breakdown. Old 401k = BlackRock Russell 3000 Index = 50% (0.34% expense) New 401k = Nationwide S&P 500 Index Svc (GRMSX) (1.77% expense) Roth IRA = Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) HSA = Vanguard Wellington...
by StevenNJ1
Fri Jun 14, 2019 11:10 am
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3665

Re: My Retirement "Catch Up" plan. Please help/critique.

Once again ... amazing place to get advice. I appreciate it. After reading all the comments here and other platforms, here is where I am and I hope you still have enough patience to provide further advice. My updated plan agenda: .... no Individual stocks, Welcome HSA, aggressive contribution and in...
by StevenNJ1
Tue Jun 11, 2019 3:37 pm
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3665

Re: My Retirement "Catch Up" plan. Please help/critique.

I wish I did this 10 years ago, but, can't go back in time. At 37 years old, filing as single and getting taxed to the max due to high salary, I realize that lots of time has been wasted and I should have done this at least at 7 years ago. It is what it is, and I can't go back in time, but I needed...
by StevenNJ1
Tue Jun 11, 2019 12:15 pm
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3665

My Retirement "Catch Up" plan. Please help/critique.

I wish I did this 10 years ago, but, can't go back in time. At 37 years old, filing as single and getting taxed to the max due to high salary, I realize that lots of time has been wasted and I should have done this at least at 7 years ago. It is what it is, and I can't go back in time, but I needed ...
by StevenNJ1
Thu Jun 06, 2019 3:31 pm
Forum: Personal Investments
Topic: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?
Replies: 5
Views: 1051

How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?

Shared my investment strategy with someone and they were like ... yea, yea, that's great, better have it all in a Trust Fund or you medical bills will eat it all alive.

Thoughts?

Thank you.
by StevenNJ1
Tue Jun 04, 2019 9:53 am
Forum: Personal Investments
Topic: Stocks to consider for Roth IRA investment
Replies: 2
Views: 264

Stocks to consider for Roth IRA investment

I now plan to do 50% Vanguard index fund and 50% individual long term, blue chip stocks. Still have 33 or so years till retirement, if ever.

Which stocks would you consider if you were to buy now?
Thank you.
by StevenNJ1
Tue Jun 04, 2019 8:34 am
Forum: Personal Investments
Topic: Is Investing in Roth IRA worth it?
Replies: 21
Views: 2996

Re: Is Investing in Roth IRA worth it?

Appreciate everyone's comments. I should clarify a few things. I currently invest almost maximum allowed in 401k, and since I am in the highest tax bracket (over 150k salary, file as single), I see value in 401k. Obviously, if my choice was to put money under the mattress or invest "via" R...
by StevenNJ1
Mon Jun 03, 2019 4:07 pm
Forum: Personal Investments
Topic: Is Investing in Roth IRA worth it?
Replies: 21
Views: 2996

Is Investing in Roth IRA worth it?

No disrespect to this great community that I've been a part of for some years now. Yes, I know that it makes sense to do Roth IRA, in general. Yes, it's tax free growth. But how much and at what cost? Using the calculator here (https://www.bankrate.com/calculators/retirement/roth-ira-plan-calculator...
by StevenNJ1
Wed May 29, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Employer refuses to pay my aunt, W4 employment. Help
Replies: 2
Views: 465

Employer refuses to pay my aunt, W4 employment. Help

My question involves labor and employment law for the state of: New York based company, employee lives in New Jersey. My aunt reached out to me for help. She worked for a few months for a NYC based employer as a pattern-maker, on location. Looking at the paperwork she gave me, there is a W4 form the...
by StevenNJ1
Wed May 22, 2019 2:14 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

This may not be the most scientific approach, but please bare with me. Looking to invest in more or less safe option instead of money sitting collecting just 2.25% in savings account. In my late 30s. No debt other than mortgage at 3.75%. Currently have my 2 401k plans invested in; PRNHX - Mid-Cap G...
by StevenNJ1
Wed May 22, 2019 1:44 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

This may not be the most scientific approach, but please bare with me. Looking to invest in more or less safe option instead of money sitting collecting just 2.25% in savings account. In my late 30s. No debt other than mortgage at 3.75%. Currently have my 2 401k plans invested in; PRNHX - Mid-Cap G...
by StevenNJ1
Thu Apr 18, 2019 3:54 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

Not so fast, my friend! We New Jerseyans have been cursed with state tax law that deems Roth withdrawals as proportional to the basis and earnings if done before age 59.5. Different from Federal tax treatment. You will find yourself paying 6% on a major portion of your Roth withdrawals, and unless ...
by StevenNJ1
Thu Apr 18, 2019 8:09 am
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

If the goal is a "more or less stock market diverse portfolio", then: 1) in the old 401k sell T. Rowe Price New Horizons (PRNHX) and put everything into iShares Total US Stock Market Idx Inv A (BASMX); 2) in the new 401k sell Vanguard Small Cap Value Index Inv (VISVX) and put everything i...
by StevenNJ1
Wed Apr 17, 2019 3:55 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

If the goal is a "more or less stock market diverse portfolio", then: 1) in the old 401k sell T. Rowe Price New Horizons (PRNHX) and put everything into iShares Total US Stock Market Idx Inv A (BASMX); 2) in the new 401k sell Vanguard Small Cap Value Index Inv (VISVX) and put everything i...
by StevenNJ1
Wed Apr 17, 2019 12:57 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

What is your mortgage balance? The TCJA has made the mortgage interest mostly non-deductible. It is deductible only to the extent that the mortgage interest + property taxes up to $10k exceed $24,600. Given the SALT cap of $10,000, your mortgage interest should exceed on an annual basis $14,600. Th...
by StevenNJ1
Wed Apr 17, 2019 8:11 am
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Re: Investment option aside from 401k.

If you are looking for a safe investment, it is not the stock market. What is the purpose of the investment and time frame? I have enough saved up as emergency cash. Now I have 50k+ and earning more to invest somewhere. My options are either placing money into savings account tat gives me 2.3% retu...
by StevenNJ1
Tue Apr 16, 2019 4:47 pm
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 25
Views: 1759

Investment option aside from 401k.

This may not be the most scientific approach, but please bare with me. Looking to invest in more or less safe option instead of money sitting collecting just 2.25% in savings account. In my late 30s. No debt other than mortgage at 3.75%. Currently have my 2 401k plans invested in; PRNHX - Mid-Cap Gr...
by StevenNJ1
Mon Feb 04, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best Retirement / Investment properties right now?
Replies: 9
Views: 896

Re: Best Retirement / Investment properties right now?

I am about 20 or so years aw ay from retirement, however, I am looking to possibly buy a 1 bedroom condo somewhere where I may retire later in life but for now have it make a bit of money by renting it out or at least pay for it self. Also prefer for this property to be under 40 min away from a maj...
by StevenNJ1
Mon Feb 04, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Retirement / Investment properties right now?
Replies: 9
Views: 896

Re: Best Retirement / Investment properties right now?

I did something similar and bought a condo in SW Florida 9 years ago for under 300K and have been renting it to snowbirds. It has worked pretty well and covers the expenses but not much of the mortgage payment. It has increased in value so I locked in a lower cost than if I would have waited for re...
by StevenNJ1
Mon Feb 04, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Best Retirement / Investment properties right now?
Replies: 9
Views: 896

Best Retirement / Investment properties right now?

I am about 20 or so years away from retirement, however, I am looking to possibly buy a 1 bedroom condo somewhere where I may retire later in life but for now have it make a bit of money by renting it out or at least pay for it self. Also prefer for this property to be under 40 min away from a major...
by StevenNJ1
Fri Jan 04, 2019 3:31 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

You can certainly have more than one 401(k). If you have one with a former employer, you cannot contribute but you can maintain it there so long as you have more than 5K in it. One reason might be to keep your backdoor Roth options open without entangling a traditional IRA in the mix. that is a goo...
by StevenNJ1
Wed Jan 02, 2019 5:43 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

^^^ Yes, but you lose continuity of the discussion - which is important. Otherwise, it's very difficult to know what was discussed before. For that reason, I merged your update back into the original thread. I would also suggest to ask all of your portfolio related questions in a single thread (lik...
by StevenNJ1
Wed Jan 02, 2019 12:12 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Help, Best route to get the most out of 2018 ?

Why did you start a new thread? You just asked about a rollover yesterday. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=268195&p=4292038#p4292038 To be honest, I wanted to modify my question to be shorter and now a bit clearer as surprisingly, I didn't receive the amount of feedback...
by StevenNJ1
Wed Jan 02, 2019 8:13 am
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Help, Best route to get the most out of 2018 ?

We don’t have quite enough info for all your questions, such as your age and marital status. You can make a contribution to an Ira up until tax day. Simply go to vanguard, fidelity or schwab and open the account and fund it. Sounds like you might need to open both a traditional and a Roth IRA in or...
by StevenNJ1
Tue Jan 01, 2019 11:22 am
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Help, Best route to get the most out of 2018 ?

[Thread merged into here, see below. --admin LadyGeek] I am trying to see the best route. I have a 401k with old company that I left about a year and a half ago. I am now being offered new 401k plan from my current employer. I do not have an IRA. Trying to figure out the best route in my situation....
by StevenNJ1
Mon Dec 31, 2018 8:18 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

Unless I missed something, the only partially articulated question that I saw in your posting was in the subject line, "Roll Over my 401k plan to New Employer's 401k? or Not?" My response, based upon the stated expense ratios for the funds in your current employer's 401k offering is, &quo...
by StevenNJ1
Mon Dec 31, 2018 1:24 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

One more item to note.
For the year 2018, I have not contributed to any 401k and IRA. I assume that one of the things to consider is doing a Traditional IRA contribution? The once I have my 401k active in 2019, convert Trad IRA to Roth and continue adding to it at least a bit?

thank you.
by StevenNJ1
Mon Dec 31, 2018 12:45 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1416

Roll Over my 401k plan to New Employer's 401k? or Not?

Hello everyone. Hope to learn from folks who know a lot more on this topic than I do. I've been just offered to enroll into my company's 401k plan after 1 year of employment. I have a 401k from old employer which I like for the low annual fees. I will try to list as much info as I can below to get s...
by StevenNJ1
Thu Jun 22, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 3631

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

ResearchMed wrote:Is State Farm your choice of Homeowner's Insurance?

If not, did you check for costs if you arranged the coverage yourself?

RM
Yep, it was me. I picked them.
by StevenNJ1
Thu Jun 22, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 3631

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

Is there any specific cost that you are concerned about? Keep in mind that almost $7,000 is prepaying taxes and interest, either for escrow or directly to your local government. Those can add up but they aren't costs that you can negotiate or avoid. The $775 application fee is a lot, but that is so...
by StevenNJ1
Thu Jun 22, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 3631

House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

Hope I can get folks here to help out. My closing is happening tomorrow. I have a picture of the closing costs and you can view it here by clicking below. House is in New Jersey and cost of house is $480k I am giving 20% down. I just want to make sure that I am not overpaying for things as their clo...
by StevenNJ1
Thu Jun 15, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???
Replies: 8
Views: 1654

House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???

We're closing on a house in 2 weeks. After I told my attorney that I am looking to avoid paying for things I don't have to pay for he said that we don't really need to pay for the Survey which costs $800-900 and instead can get the cheaper version that doesn't show markings and costs maybe $300 or s...
by StevenNJ1
Sat May 06, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!
Replies: 12
Views: 1975

Re: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!

Yep, I am doing 20% down payment and I did find a good home inspector who has lots of very good reviews on Yelp. Regarding insurance, I'll be sure to call my car insurance company (Progressive). I also plan to pay off my 30yr mortgage as if I am paying a 15yr mortgage. So if times are tough, I can p...
by StevenNJ1
Sat May 06, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of a apartment renter lease? They want $3,600
Replies: 40
Views: 4377

Re: How to get out of a apartment renter lease? They want $3,600

Thanks to all for great feedback. So much 2 options either to find a new renter who will move in (I believe my law they are not allowed to deny the opportunity for new renter to move in as long as that person qualifies financially) or find someone who will live off the remaining 3-4 months.
by StevenNJ1
Sat May 06, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!
Replies: 12
Views: 1975

Re: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!

So, what I'll do is get a breakdown of all the closing fees and post them here later in the week.
by StevenNJ1
Sat May 06, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of a apartment renter lease? They want $3,600
Replies: 40
Views: 4377

How to get out of a apartment renter lease? They want $3,600

I have to now break my lease 4-5 months before it ends and as my current rent is $1,800/mo, management company will charge me 1 month rent and keep my security deposit. Total $3,600

What are my options?

Thank you.
by StevenNJ1
Sat May 06, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!
Replies: 12
Views: 1975

At last, 25 years in America, 1st to buy own house in my family! Help me not screw up!

Finally, after coming to America when I was 11 (25 years ago), I am purchasing a single family house for me and my family (wife, kids). We are currently under contract and will be having an inspection done in few days. House is in NJ and it's a bit under 500k. Reason for this thread. As this is my f...
by StevenNJ1
Thu Jan 05, 2017 11:02 am
Forum: Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 3733

Re: Don't Shoot. Questioning 401k

Thank you to all that contributed. This was a very good read.
Appreciate it.
by StevenNJ1
Wed Jan 04, 2017 11:58 am
Forum: Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 3733

Don't Shoot. Questioning 401k

I've been reading a lot on this forum and I get the general consensus of how conservative and retirement-focused this community is. I've used feedback from folks here to fight our bad 401k program at my previous job and made lots of great changes. As I elect to participate in my new 401k plan (no ma...
by StevenNJ1
Fri Dec 30, 2016 10:07 pm
Forum: Personal Investments
Topic: To 401k or IRA in 2016? Please Help.
Replies: 13
Views: 1217

Re: To 401k or IRA in 2016? Please Help.

(...) I was thinking for the upcoming year to 1. Roll over my old 401k into new one and contribute about $9,000/year 2. Keep the backdoor Roth IRA option available if I decide ti do rIRA at some point (probably won't be in 2017 as I am not even maxing out my 401k). Why not max-out your 401(k) ? Are...
by StevenNJ1
Fri Dec 30, 2016 2:56 pm
Forum: Personal Investments
Topic: To 401k or IRA in 2016? Please Help.
Replies: 13
Views: 1217

Re: To 401k or IRA in 2016? Please Help.

If your new 401k will accept a rollover from your old 401k, then do that. The funds in your new 401k have substantially lower expenses than the 0.61% in your old 401k. In the new 401k you could use these three funds: BlackRock Russell 3000 Index Fund (total US stock market), ER 0.28%, BlackRock MSC...
by StevenNJ1
Fri Dec 30, 2016 2:05 pm
Forum: Personal Investments
Topic: To 401k or IRA in 2016? Please Help.
Replies: 13
Views: 1217

Re: To 401k or IRA in 2016? Please Help.

If your new 401k will accept a rollover from your old 401k, then do that. The funds in your new 401k have substantially lower expenses than the 0.61% in your old 401k. In the new 401k you could use these three funds: BlackRock Russell 3000 Index Fund (total US stock market), ER 0.28%, BlackRock MSC...