Search found 140 matches

by DoctorPhysics
Fri Jul 10, 2020 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

Just closed on a 20 year 2.875% no cost LenderFi refinance today. From application 6/22 to signing closing documents 7/9. Blazing fast process, everyone was professional, prompt and to the point with answering my questions. I highly recommend them. I don’t recommend LoanDepot, too much sales speak. ...
by DoctorPhysics
Mon Jun 29, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

Hi all - this thread has been so helpful. I can't believe I am even here, I refi'd last October from 3.75% to 3.25%! Anyway - would love any thoughts comparing these two options. Both LenderFi and Loan Depot are offering me 30 year 2.75% no closing costs. Loan Depot is actually coming out with a cr...
by DoctorPhysics
Thu Jun 25, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

Question for folks who applied to LenderFi - how far in the process do you have to go before you are presented with their "lower" rates compared to their website? I just started the application process and gave them by personal info, but haven't submitted or signed any papers (disclosures etc) and ...
by DoctorPhysics
Thu Jun 25, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

It must be a sizzling hot market... I am slowly beating off all the lenders trying to compete for my loan. The one I have from LenderFi is pretty darn sweet as it is. eMortgage couldn't compete newAmerican couldn't compete loanDepot is trying to see what they can do... but I'm noticing more of a har...
by DoctorPhysics
Wed Jun 24, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

Just locked with LenderFi I am moving from a 3.875% 30 year (24 years left) to a 2.875% 20 year. Total cost $500 after all fees and credits. If I read the numbers correct, this is just the interest cost to bridge the loan over to the new loan. Escrow waived, FICO 800+ Entire process is very smooth ...
by DoctorPhysics
Wed Jun 24, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2946
Views: 228619

Re: Refinance Mega Thread

Just locked with LenderFi I am moving from a 3.875% 30 year (24 years left) to a 2.875% 20 year. Total cost $500 after all fees and credits. If I read the numbers correct, this is just the interest cost to bridge the loan over to the new loan. Escrow waived, FICO 800+ Entire process is very smooth s...
by DoctorPhysics
Sun May 17, 2020 6:24 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 52815

Re: How Is Your Job Being Impacted By The Current Crisis?

CEO promised multiple times everyone is on payroll till end of year regardless. A select few of us (myself also) got 20% hazard pay when we were deemed essential workers. There are plans to force PTO to help buffer cash flow to keep promise.
by DoctorPhysics
Mon Feb 17, 2020 4:12 pm
Forum: Personal Investments
Topic: Did I Screw Up My IRA to Roth Conversion?
Replies: 4
Views: 500

Re: Did I Screw Up My IRA to Roth Conversion?

retiredjg wrote:
Mon Feb 17, 2020 4:09 pm
DoctorPhysics wrote:
Mon Feb 17, 2020 3:08 pm
Trying to work through 2019 form 8606 with the information I have. It seems that my wife's basis from 2018 form 8606 line 14 carries over to 2019 form 8606 line 2. Thus, double taxation goes away.
Yes. That is correct.
Thank you so much! :sharebeer
by DoctorPhysics
Mon Feb 17, 2020 3:08 pm
Forum: Personal Investments
Topic: Did I Screw Up My IRA to Roth Conversion?
Replies: 4
Views: 500

Re: Did I Screw Up My IRA to Roth Conversion?

You did the procedure right. You've messed up on the paperwork. Not uncommon. D0 you have a Form 8606 for Her 2018 contribution? Have you started on the Form 8606 for Her 2019 contribution? Yes and yes. 2018 form 8606 for her shows line 1, 3, 14 at $5,500. Line 6 with $0. Line 10 with an X. Everyth...
by DoctorPhysics
Mon Feb 17, 2020 2:56 pm
Forum: Personal Investments
Topic: Did I Screw Up My IRA to Roth Conversion?
Replies: 4
Views: 500

Did I Screw Up My IRA to Roth Conversion?

Background, MFJ, income is greater than the direct Roth contribution limits. In 2019, contribution to non-deductible IRA for wife of $5,500 for tax year 2018. In 2019, contribution to non-deductible IRA for wife of $6,000 for tax year 2019. Conversion of the wife's IRA to Roth IRA occured after 4/15...
by DoctorPhysics
Sun Feb 16, 2020 10:21 pm
Forum: Investing - Theory, News & General
Topic: If you used multiple investment strategies, which would you use and why?
Replies: 271
Views: 11493

Re: If you used multiple investment strategies, which would you use and why?

I look at my risk tolerance, goal and accessibility per account and aim to target a 60%/30%/10% in domestic/international/bond for overall composition. For example, my HSA does not get the same treatment as my overall portfolio. HSA I keep at least 70% of a yearly deductible in cash, another 50% of ...
by DoctorPhysics
Wed Feb 12, 2020 6:20 pm
Forum: Investing - Theory, News & General
Topic: Simple rule for allocation between Traditional vs Roth
Replies: 20
Views: 1869

Re: Simple rule for allocation between Traditional vs Roth

Not for me.

Like diversification with index funds, I choose to fund all of my tax deferred and post tax accounts to the max financially possible. Generally in that order.

No one knows what the future tax landscape will look like.
Just as much as we can’t predict the future of the market.
by DoctorPhysics
Fri Jan 10, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11262

Re: How is your "number" defined?

(Life expectancy - current age)*estimated annual spend = target number How you get there, or how you withdraw is more complex, but this is an estimate. Recommend you get a good handle on your annual expenses while saving up. That estimate assumes 0% real portfolio growth. That might be fine for som...
by DoctorPhysics
Thu Jan 09, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11262

Re: How is your "number" defined?

(Life expectancy - current age)*estimated annual spend = target number

How you get there, or how you withdraw is more complex, but this is an estimate. Recommend you get a good handle on your annual expenses while saving up.
by DoctorPhysics
Wed Sep 25, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable Accommodation Requests?
Replies: 47
Views: 3710

Re: Reasonable Accommodation Requests?

Read up on the ADA act, some of your issues will have to be medically documented, and the accommodation if any will come out from an interactive dialogue with HR, your manager and yourself. You may need to initiate the dialogue with HR and or your manager, try to do so under a positive, non confront...
by DoctorPhysics
Fri Sep 20, 2019 4:58 pm
Forum: Investing - Theory, News & General
Topic: US Bonds reaching negative
Replies: 36
Views: 5002

Re: US Bonds reaching negative

The demographics argument is that we aren't having enough kids so less new household formation and less population growth. This might be why we can't get GDP Growth much past 3% and right now is sliding closer to 2%. We might be back to the 2-2-2 economy discussed above. Slower growth and high savi...
by DoctorPhysics
Wed Aug 21, 2019 11:28 pm
Forum: Investing - Theory, News & General
Topic: tax efficiency of funds vs ETFS - better to stay the course than chase a few bp
Replies: 4
Views: 509

tax efficiency of funds vs ETFS - better to stay the course than chase a few bp

To all, I read quite a few discussions recently on what funds to pick for a taxable account. Quite a few folks claim that ETFs are *far* more tax-efficient than Mutual Funds. So I ran some simple calculations. Below is the tax-cost ratio for 1-year and 3-year extracted from the Morningstar website f...
by DoctorPhysics
Thu Aug 15, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 6720

Re: Net-worth rule of thumb for house purchase?

If I followed some 2.5x net worth rule before buying a house I would still be waiting to enter the housing market 7 years later in my VHCOL area. It can really depend on your circumstances, needs, job stability, housing area, and ability to take a risk. DoctorPhysics, And, why would that be a bad t...
by DoctorPhysics
Thu Aug 15, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 6720

Re: Net-worth rule of thumb for house purchase?

If I followed some 2.5x net worth rule before buying a house I would still be waiting to enter the housing market 7 years later in my VHCOL area. It can really depend on your circumstances, needs, job stability, housing area, and ability to take a risk. DoctorPhysics, And, why would that be a bad t...
by DoctorPhysics
Wed Aug 14, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 6720

Re: Net-worth rule of thumb for house purchase?

If I followed some 2.5x net worth rule before buying a house I would still be waiting to enter the housing market 7 years later in my VHCOL area.

It can really depend on your circumstances, needs, job stability, housing area, and ability to take a risk.
by DoctorPhysics
Wed Aug 14, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 6720

Re: Net-worth rule of thumb for house purchase?

Banks will figure out a LTV for you and approve a loan amount. Take 10-20% (or more) off that amount so you have cash flow to handle things. Don’t max out the loan because you can.
by DoctorPhysics
Wed Aug 14, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 6270

Re: "Negotiating" Salary

Interesting thread. Responding so I can follow.

Off the cuff idea - run an NPER formula in excel based on some reasonable assumptions with a goal to retire at some point in the future, and use that to figure out a starting salary :P
by DoctorPhysics
Fri Aug 09, 2019 3:40 pm
Forum: Personal Investments
Topic: VTI vs. FSKAX for Taxable Account
Replies: 14
Views: 3330

Re: VTI vs. FSKAX for Taxable Account

I use FSKAX in taxable, and a dab of ITOT also.

FSKAX has ER 0.015 while ITOT has 0.03.

I guess one could also consider both for tax loss harvesting pairs.
by DoctorPhysics
Thu Aug 08, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5765

Re: Real Estate Negotiation Came to a Halt

I would walk away. Difficult sellers will just have more difficulty ahead. I had same situation years ago. Seller wanted 500k, I offered 480k with 10k credit to fix various items, very fair based on comps. They insisted 500k. I went up 5k. Then they insisted 510k because of the credit. I walked. Thr...
by DoctorPhysics
Wed Aug 07, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 20
Views: 2536

Re: Fidelity to shift billions of retirement assets into international stocks

Remember 2009, when Fidelity shifted billions of retirement assets into commodities? 2018: Fidelity retirement funds take multiyear hit from commodities bet https://imgur.com/YlskzJV.png I have a Fidelity Target Date Index Fund. Should I be concerned? No. Fidelity freedom INDEX funds have NO commod...
by DoctorPhysics
Wed Aug 07, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 20
Views: 2536

Re: Fidelity to shift billions of retirement assets into international stocks

Remember 2009, when Fidelity shifted billions of retirement assets into commodities? 2018: Fidelity retirement funds take multiyear hit from commodities bet https://imgur.com/YlskzJV.png I have a Fidelity Target Date Index Fund. Should I be concerned? No. Fidelity freedom INDEX funds have NO commod...
by DoctorPhysics
Wed Aug 07, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 20
Views: 2536

Re: Fidelity to shift billions of retirement assets into international stocks

nisiprius wrote:
Wed Aug 07, 2019 12:17 pm
Remember 2009, when Fidelity shifted billions of retirement assets into commodities?

2018: Fidelity retirement funds take multiyear hit from commodities bet

Image
I have a Fidelity Target Date Index Fund.

Should I be concerned?
by DoctorPhysics
Wed Aug 07, 2019 12:10 am
Forum: Personal Investments
Topic: E-Trade Sold VUSXX @ $0.99998
Replies: 10
Views: 2171

Re: E-Trade Sold VUSXX @ $0.99998

I use Fidelity... here’s what they say on the matter...

“Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).”

So for a 100k sale, you could be charged 1-3 dollars.
by DoctorPhysics
Thu Aug 01, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Anyone afraid of missing a RGD (Really Good Day)?
Replies: 30
Views: 3926

Re: Anyone afraid of missing a RGD (Really Good Day)?

Looks like a RGD and a RBD rolled into one.

Time in market, thanks for reiterating this today.
by DoctorPhysics
Tue Jul 30, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15698

Re: Equifax settlement: how to file claim?

ddunca1944 wrote:
Sat Jul 27, 2019 4:57 pm
I filled it out but not spending it yet......

https://www.theverge.com/2019/7/26/8932 ... mpensation

Losing legal rights for pennies? Maybe better to write them to opt out of the settlement class.
by DoctorPhysics
Fri Jul 26, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15698

Re: Equifax Settlement Claims

Anyone consider opting out? It seems like the $250 I could get is a pittance for losing the right to sue and recover my money if my identity is stolen in the future. How do you anticipate your money being stolen in a way that's not easily recoverable? I've had fraudulent cc transactions and my 2.5k...
by DoctorPhysics
Fri Jul 26, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15698

Re: Equifax Settlement Claims

Anyone consider opting out? It seems like the $250 I could get is a pittance for losing the right to sue and recover my money if my identity is stolen in the future.
by DoctorPhysics
Thu Jul 25, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9172

Re: MBA worth it?

OP here, thank you for all your replies. To answer a few posters, yes - I have a Ph.D. in Applied Physics from a top 10 school. A little background on me and why I asked the question - "Is an MBA worth it?" I initially started in corporate R&D, transitioned with the project into a product division ...
by DoctorPhysics
Wed Jul 24, 2019 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9172

Re: MBA worth it?

OP here, thank you for all your replies. To answer a few posters, yes - I have a Ph.D. in Applied Physics from a top 10 school. A little background on me and why I asked the question - "Is an MBA worth it?" I initially started in corporate R&D, transitioned with the project into a product division t...
by DoctorPhysics
Sun Jul 21, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9172

Re: MBA worth it?

Hi there, just like the title says.. is an MBA worth it? They look very expensive, 75k/year to 200k/year if I read what I browsed correctly. So is an MBA worth it? As in a worthwhile investment on future career growth and likely income? Which MBA are you seeing that costs $200,000 a year? Apologies...
by DoctorPhysics
Sun Jul 21, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9172

Re: MBA worth it?

Hi there, just like the title says.. is an MBA worth it? They look very expensive, 75k/year to 200k/year if I read what I browsed correctly. So is an MBA worth it? As in a worthwhile investment on future career growth and likely income? Which MBA are you seeing that costs $200,000 a year? Apologies...
by DoctorPhysics
Sun Jul 21, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9172

MBA worth it?

Hi there, just like the title says.. is an MBA worth it? They look very expensive, 75k/year to 200k/year if I read what I browsed correctly.

So is an MBA worth it? As in a worthwhile investment on future career growth and likely income?
by DoctorPhysics
Fri Jul 19, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 9799

Re: Do you buy cellphone outright or pay over 2 years?

I got 2 phones on a buy one get one with zero financing over a 2 year plan.

I can afford them outright but time value of money working for me is worth more.

I set them on auto pay and forget about it.
by DoctorPhysics
Wed Jul 17, 2019 12:16 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

Here is the situation that seems borderline: Mortgage: $388k @ 3.875% Years Left on Mortgage: 27 Tax Bracket and Filing Status: 24% MFJ Standard Deduction: $24,600 SALT Cap: $10,000 Available Deduction for Mortage Interest = $24,600 - $10,000 = $14,600 Mortage Interest Paid Last Year: $14,900 ... r...
by DoctorPhysics
Tue Jul 16, 2019 1:42 pm
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

milktoast wrote:
Tue Jul 16, 2019 12:23 pm
OP, I agree with your math.

There is liquidity risk with paying off the mortgage. But from the perspective of long term return, you can't get that rate from bonds right now.
Yep, off to the index funds I go :sharebeer
by DoctorPhysics
Tue Jul 16, 2019 10:15 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

OP, Do you max up your tax-deferred accounts? If not, how does it makes any sense paying 24% taxes to save 3+% mortgage interest? KlangFool I max the tax-deferred accounts already. DoctorPhysics, 1) How about Roth IRAs? 2) How big is your portfolio excluding the house? Is it safe to put more eggs i...
by DoctorPhysics
Tue Jul 16, 2019 8:50 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

OP, Do you max up your tax-deferred accounts? If not, how does it makes any sense paying 24% taxes to save 3+% mortgage interest? KlangFool I max the tax-deferred accounts already. DoctorPhysics, 1) How about Roth IRAs? 2) How big is your portfolio excluding the house? Is it safe to put more eggs i...
by DoctorPhysics
Tue Jul 16, 2019 8:31 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

KlangFool wrote:
Tue Jul 16, 2019 7:55 am
OP,

Do you max up your tax-deferred accounts? If not, how does it makes any sense paying 24% taxes to save 3+% mortgage interest?

KlangFool
I max the tax-deferred accounts already.
by DoctorPhysics
Tue Jul 16, 2019 8:30 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Re: Not Another Pay off the House or Invest...

Inflation is like 2% so the 3.875% is really like 1.875%. I wouldn't invest the extra payment in the market. Instead, put the extra payment in a bank account that pays >1.875%. I don't know of a bank account that is yielding 1.875% in real terms, let alone more. You can't account for inflation for ...
by DoctorPhysics
Mon Jul 15, 2019 11:56 pm
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2756

Not Another Pay off the House or Invest...

Here is the situation that seems borderline: Mortgage: $388k @ 3.875% Years Left on Mortgage: 27 Tax Bracket and Filing Status: 24% MFJ Standard Deduction: $24,600 SALT Cap: $10,000 Available Deduction for Mortage Interest = $24,600 - $10,000 = $14,600 Mortage Interest Paid Last Year: $14,900 ... ri...
by DoctorPhysics
Sat Jul 13, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: Questions about unsettled funds and freeriding trade violations
Replies: 8
Views: 1027

Re: Questions about unsettled funds and freeriding trade violations

This is easy to avoid, apply for margin on your brokerage account. You don’t have to use it and you won’t pay interest on margin so long as you have the cash credit from unsettled trade to cover.
by DoctorPhysics
Mon Jul 08, 2019 9:50 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32210

Re: Americans believe they need $1.7 million, on average, to retire

2.5 mil @ at 4% withdraw rate is 100k/year, 3% withdraw is 75k/year. I think 1.7 mil is too low, I am in a VHCOL area. What age are you retiring? Have you viewed the Social Security actuarial tables of longevity? Most people I know and relatives are included in that, even with advances in modern me...
by DoctorPhysics
Mon Jul 08, 2019 9:27 pm
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 5910

Re: Reservations about purchasing a 16 year old house

Ask the seller for a good home warranty policy for 1 year Sure then renew it every year after that No. They are not worth it - even for the good ones, the list of exclusions is long and the max payout is tiny. Sure "everyone knows" somebody who's so glad they got one, but by the numbers it's compar...
by DoctorPhysics
Mon Jul 08, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Corporate Default Rates
Replies: 5
Views: 915

Re: Corporate Default Rates

They are clustered about what seems to be a shoddily formed normal distribution over a few years.

Could one use this behavior and exit corporate bonds when the default rate starts to rise? And then enter again when they start to fall? Market timing I am sure!