Search found 208 matches

by dandinsac
Fri Mar 06, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with my refinance scenario
Replies: 11
Views: 775

Re: Help me with my refinance scenario

Triple digit golfer wrote: Wed Mar 04, 2020 10:07 pm On a refinance, how does my current loan get paid off? Check from title company directly to the original lender?

What about escrow balance with old lender?
The title company pays off the mortgage. Old lender returns escrow balance.
by dandinsac
Wed Mar 04, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with my refinance scenario
Replies: 11
Views: 775

Re: Help me with my refinance scenario

It may make sense to pay down the existing mortgage by the $20K right away. You can save a little bit, (3.5% / 12 * 20000 = $60), as you figure out the refinance. Lenderfi.com has 25 year mortgages with no costs. That may be another alternative for you to consider. You do not need to unfreeze your c...
by dandinsac
Wed Mar 04, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being lead down a bad road- Fixed Index Annuities
Replies: 44
Views: 2940

Re: Am I being lead down a bad road- Fixed Index Annuities

Should Wife take SS starting in June? We really don't need the money but she needs to retire- she deserves it Assuming your wife is in good health, it’s not worth taking social security until you either need it or when she reaches 70. You will get a higher payment, indexed for inflation. Social sec...
by dandinsac
Sat Feb 29, 2020 9:40 pm
Forum: Personal Investments
Topic: Parent's Retirement - Annuities, Seeking Advice
Replies: 14
Views: 1297

Re: Parent's Retirement - Annuities, Seeking Advice

They budget well (as far as I can tell), spend only 50% of their income, and don't have many expenses (apart from health insurance premiums, though they are both currently healthy). They have no debt and no mortgage. If they don’t need the money, you many not have to do anything. The key question i...
by dandinsac
Tue Feb 25, 2020 8:16 pm
Forum: Personal Investments
Topic: Advice Requested: LTCi or Paydown Mortgage
Replies: 23
Views: 964

Re: Advice Requested: LTCi or Paydown Mortgage

Current home value is $318k. ~21 years left on mortgage. ~20% equity. Fixed rate of 3.75% How about another option... 3) Research no cost refinancing to a 20 year mortgage. Since you have 21 years to go, you may be able to get a lower payment and interest rate which would have the mortgage paid off...
by dandinsac
Tue Feb 25, 2020 7:45 pm
Forum: Personal Investments
Topic: Advice Requested: LTCi or Paydown Mortgage
Replies: 23
Views: 964

Re: Advice Requested: LTCi or Paydown Mortgage

Current home value is $318k. ~21 years left on mortgage. ~20% equity. Fixed rate of 3.75% How about another option... 3) Research no cost refinancing to a 20 year mortgage. Since you have 21 years to go, you may be able to get a lower payment and interest rate which would have the mortgage paid off...
by dandinsac
Tue Feb 25, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance @ 3% vs 'Rewrite' @ 3.125%?
Replies: 25
Views: 1923

Re: Refinance @ 3% vs 'Rewrite' @ 3.125%?

UnLearnYourself wrote: Tue Feb 25, 2020 5:27 pm Question is, is it worth it to pay an extra $1,000 to save $2,000 over the course of 15yrs
yes, if you think that you will hold the mortgage to full term without prepayments. If you might pay off sooner, doesn’t seem to me that it is worth it.
by dandinsac
Tue Feb 25, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1627
Views: 151053

Re: My LenderFi refinance is going well

I just locked in with LenderFi for 3.25% for 20 years with no closing costs and no requirement for escrow. My P+I payment will be $62/month more, but I will saving ~$130/month in interest for the first year compared with prepaying my existing mortgage. So far, it’s been easy with LenderFi. I liked ...
by dandinsac
Sun Feb 16, 2020 8:42 pm
Forum: Personal Consumer Issues
Topic: Club Med
Replies: 11
Views: 1942

Re: Club Med

My wife and I did a group tour to the Club Med in Marrakech, Morocco. Great food, day tours and organized activities. The best thing is you don't have to plan much, especially meals. The one we went to had a doctor and nurse available at the resort. My wife got a cold and she visited them and said i...
by dandinsac
Fri Feb 14, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1627
Views: 151053

Re: My LenderFi refinance is going well

We have a mortgage at 3.75% 30 years, with about 22.5 years left. I didn’t think that I’d have much benefit to refinance. With a mortgage balance of about 50% of the market value and interest rates where they are, I was wrong. I just locked in with LenderFi for 3.25% for 20 years with no closing cos...
by dandinsac
Fri Feb 14, 2020 12:39 am
Forum: Personal Finance (Not Investing)
Topic: To refinance mortgage or not
Replies: 2
Views: 562

Re: To refinance mortgage or not

You may want to look at the payback for each loan. In other words, how many months does it take for the interest savings to “pay back” the fees. I expect you’ll find that the lower closing cost loan from Sikorsky will be a better option.
by dandinsac
Thu Feb 13, 2020 9:39 am
Forum: Investing - Theory, News & General
Topic: Fascinating take on a rebalanced Permanent Portfolio - BreakingTheMarket.com
Replies: 133
Views: 15721

Re: Fascinating take on a rebalanced Permanent Portfolio - BreakingTheMarket.com

Great work! After reading the BTM I’m impressed you were able to create this. The BTM weekly rebalance was much more dynamic than I expected. For an individual investor, one would have to have a tax advantaged account with low trading fees, the willingness to spend time analyzing and rebalancing, an...
by dandinsac
Tue Feb 11, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4882

Re: Benefits of paying cash for a house

From a seller perspective, I don't think that a buyer paying all cash is necessarily that attractive. Loans are pretty cheap and I'd expect most people have their loan amount approved before making an offer. Since the transaction costs are so high, buying the right house for the medium to long term ...
by dandinsac
Tue Feb 11, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Simple refinance question
Replies: 4
Views: 360

Re: Simple refinance question

I am in the process of doing a similar no cost refinance. The refinance terms require that I pay them back if I pay off the loan within 6 months. For you, it's not worth doing until you have clarity on the business situation.
by dandinsac
Tue Feb 11, 2020 8:27 pm
Forum: Personal Consumer Issues
Topic: Suggestions to save money on a house move cross country
Replies: 22
Views: 1210

Re: Suggestions to save money on a house move cross country

The best way to save money is to have an employer pay you to relocate. If you're self-funding, then it is a trade off between spending time and spending money. You can pack boxes yourself, you can load/unload the truck and you can drive the truck to the Midwest. Of course, this is hard work and typi...
by dandinsac
Tue Feb 11, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Move old 401K into new employer 401K but lose annuity option
Replies: 5
Views: 414

Re: Move old 401K into new employer 401K but lose annuity option

Oops. Look here. General explanation . I just did a web search and is not a know web site. However not a lot of blinkey ads https://www.nceo.org/Best-Practices-ESOP-401k-Combinations/pub.php/id/569 Great find! Thank you. That link describes what it is... a KSOP! A KSOP, according to the IRS ( https...
by dandinsac
Tue Feb 11, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Move old 401K into new employer 401K but lose annuity option
Replies: 5
Views: 414

Re: Move old 401K into new employer 401K but lose annuity option

I thought Esop was different than 401k. If you roll 401k out, can’t you leave ESOP there. Find out. All the ESOP funds are included within the 401K. The source of funds is tracked on the website. But, it is not clear on the rollover paperwork if the ESOP funds can be left there. And, in any case, i...
by dandinsac
Tue Feb 11, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1065

Re: What is my best course of action?

It would be helpful to know your ages and if you have any children or, if not, if/when you plan to have children.
by dandinsac
Tue Feb 11, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Move old 401K into new employer 401K but lose annuity option
Replies: 5
Views: 414

Move old 401K into new employer 401K but lose annuity option

I have a 401K with a previous employer with a value of about $415,000. I was 55 when I left that company. Should I leave or get let go from my new employer, I will have penalty-free access to the funds, as long as they stay in either the original 401K or are transferred to my new employer’s 401K. (I...
by dandinsac
Fri Jan 24, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Torn Between Aggressive Home Payoff or Investing
Replies: 67
Views: 7238

Re: Torn Between Aggressive Home Payoff or Investing

You have about 170k home equity and claim > 500k net worth. Assuming you counted the house. That’s still a lot locked in the home for your net worth. So, is there any rule of thumb "maximum" for home equity as a percentage of net worth? Mine is about 22% calculated this way: home value - ...
by dandinsac
Sat Dec 28, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Recommended physical fitness websites/books/apps?
Replies: 83
Views: 7119

Re: Recommended physical fitness websites/books/apps?

Body by Science by Doug McGuff is a very straightforward weekly workout approach. His approach is to maximize benefits while minimizing the time spent. I have done this for a year and am pleased by my improvements. Here is a review... https://www.alexfergus.com/blog/body-by-science-high-intensity-tr...
by dandinsac
Thu Dec 19, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: first time buying/selling same time - recast mortgage?
Replies: 20
Views: 1212

Re: first time buying/selling same time - recast mortgage?

You may be able to buy the home with 10% down and 10-15% home equity line of credit. (I did this a while ago to avoid PMI.) Then, just pay off the HELOC once you sell your existing house.
by dandinsac
Fri Nov 15, 2019 8:51 pm
Forum: Personal Investments
Topic: 50/50 to 45/55
Replies: 38
Views: 3551

Re: 50/50 to 45/55

If you’re only 3-4 years away from retirement, why don’t you go to 40/60 right away? I’m assuming the funds are in a tax-advantaged IRA or 401K. I don’t think it will make too much difference from doing 45/55 and then doing 40/60 later.
by dandinsac
Sun Nov 10, 2019 12:05 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 62
Views: 6107

Re: How bad business travel is?

Another factor is if the travel is to the same location, or would be different each time. Traveling 1-2 times per month to the same location allows for a routin: same hotel(s), rental car and airport. This takes a lot of the stress out of travel. I find that I know the area and can navigate easily. ...
by dandinsac
Sun Nov 10, 2019 12:00 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 62
Views: 6107

Re: How bad business travel is?

The things that can make or break business travel are the travel policies of the company. Do you always have to take the least cost flights even if you are routed 1000 miles out of the way? Do you have to stay in cheap motels 50 miles away when there are moderate priced ones at your destination? Do...
by dandinsac
Sat Nov 02, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Workplace PIP - Next Steps?
Replies: 20
Views: 2076

Re: Workplace PIP - Next Steps?

I would advise her to explain the situation to an attorney who specializes in sexual discrimination. If these are valid... “large company”, “never appraised” and “no warning”, then she should have an attorney make the case for her. In my opinion, having a lawyer would result in the best outcome for ...
by dandinsac
Mon Oct 28, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Is this new to engineering job hunting?
Replies: 33
Views: 4599

Re: Is this new to engineering job hunting?

In my opinion, the key to finding good, interesting work is first being really good at engineering and a reliable employee. Another requirement is knowing people who know of interesting work where engineers are needed. - Does your son have a profile on LinkedIn? Is it well done? - Can recruiters eas...
by dandinsac
Wed Oct 09, 2019 10:49 pm
Forum: Personal Investments
Topic: Pension vs Lump Sum Payment
Replies: 19
Views: 1297

Re: Pension vs Lump Sum Payment

Taking the lump sum is probably a better financial move as long as things go to plan. The lump sum give you more flexibility and earning potential comes with some risk Taking the annuity is a guarantee for life for both of you. But, once you both pass, the money stops. If you take the lump sum, and ...
by dandinsac
Wed Oct 09, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 11115

Re: Do you carry your passport with you during international travel?

I used to carry mine until I lost it (or had it pickpocketed) in Paris. I found that it was fairly easy to get replaced at the US Embassy, but it took several hours to first get photos taken, do the interview, and then wait to get the replacement. Now, I just carry a photocopy. If you’re traveling f...
by dandinsac
Wed Oct 09, 2019 6:45 pm
Forum: Personal Investments
Topic: Investment help- do we sell to pay down a mortage?
Replies: 12
Views: 1420

Re: Investment help- do we sell to pay down a mortage?

I’d recommend taking $80-90K from your $120K investment account to pay down your current mortgage; then refinance to get a lower rate without PMI. You may have to be careful with capital gains on this withdrawal. If there are a lot of taxes to pay, then do some in 2019 and some more in 2020. The nex...
by dandinsac
Wed Oct 09, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Savings ideas - retired with large separation payment
Replies: 9
Views: 1117

Re: Tax Savings ideas - retired with large separation payment

Contribute to a tax deductible IRA for your spouse if you haven’t already done so.
by dandinsac
Sat Sep 21, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Save? Invest? Pay off Mortgage?
Replies: 12
Views: 1821

Re: Save? Invest? Pay off Mortgage?

If you have $300,000 in Roth + Ally, then you should pay off the mortgage. Otherwise, save more, either in Ally or a taxable brokerage account.
by dandinsac
Sat Sep 21, 2019 10:17 am
Forum: Personal Investments
Topic: Is this a good portfolio mix for a retiree?
Replies: 22
Views: 3202

Re: Is this a good portfolio mix for a retiree?

If simple is the primary goal, consider these funds, which have about 50% invested in stocks:

Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX)
Vanguard Managed Payout Fund (VPGDX)
by dandinsac
Sat Sep 21, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy from the '80s
Replies: 9
Views: 1045

Re: Life insurance policy from the '80s

I would keep it as long as the premiums are manageable. You may want to ask Jackson for the schedule of premium increases as I’m guessing that these would increase over time. At some point, the policy will pay out, either in a lump sum death benefit or your parents will need the cash value. In the m...
by dandinsac
Sat Sep 07, 2019 3:21 pm
Forum: Personal Investments
Topic: Quick sprint to pay off mortgage make sense?
Replies: 11
Views: 1047

Re: Quick sprint to pay off mortgage make sense?

Can you live off of the $86K salary including making the normal house payment? If so, then you could divert ALL of the $132K salary to invest for 401K matching and extra principal payments. Then, in case his job goes away or he can’t work, you have a budget that allows you to still pay the bills.
by dandinsac
Fri Sep 06, 2019 7:33 pm
Forum: Personal Investments
Topic: How much did changing my portfolio cost me?
Replies: 17
Views: 1757

Re: How much did not staying the course cost me?

$20,000,000,000 give or take a few zeros...
by dandinsac
Mon Sep 02, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: semi-DIY solar panels
Replies: 39
Views: 3733

Re: semi-DIY solar panels

Just to get some idea of how to size your system, here's a pretty good calculator: https://pvwatts.nrel.gov/pvwatts.php It isn't a full design software package, but gives you a good idea of production you can expect. I agree, pvwatts is a good one to start with. Some utilities also have calculators...
by dandinsac
Sun Sep 01, 2019 8:46 pm
Forum: Personal Consumer Issues
Topic: semi-DIY solar panels
Replies: 39
Views: 3733

Re: semi-DIY solar panels

Your brother-in-law could have someone in his company become NABCEP certified. https://www.nabcep.org/certifications/ There may also be additional state contractor licensing requirements to meet for solar installations. For your specific installation, your brother-in-law will want to start the inter...
by dandinsac
Sun Aug 11, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: How to spend a bonus
Replies: 30
Views: 2366

Re: How to spend a bonus

I suggest paying off the car, HELOC, and 23K student loan first. (Total = $57.5K). Instead of making a charitable donation in cash, donate a comparable amount of stock to your charity. Use the $3-4K/monthly cash to first pay off the $6K loan and then pay down the $132K loan. Continue donating stock ...
by dandinsac
Fri Jun 07, 2019 6:14 pm
Forum: Personal Investments
Topic: First Post - Portfolio Review - 1 YEAR UPDATE
Replies: 69
Views: 7116

Re: FIRST POST - Portfolio Review - Please

Welcome! Since you already have an account with Vanguard, I would transfer the two IRAs to Vanguard first. Then, something like this would be fairly easy to work with. The goal would be to have single funds in all accounts except one of the large tax deferred funds. Then you can rebalance without ta...
by dandinsac
Tue May 28, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?
Replies: 39
Views: 2345

Re: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?

I don’t believe it matters too much. Using some made up numbers for a $20,000 loan and paying back at the end of 1 year: From the perspective of the cash from checking account, there is no difference: - Borrow from 401K @5%; Add $20,000 at start of loan; pay back $20,000 + $1,000 interest = $21,000 ...
by dandinsac
Thu May 09, 2019 9:19 pm
Forum: Personal Investments
Topic: Investing life insurance payout as 8 year salary replacement
Replies: 15
Views: 2096

Re: Investing life insurance payout as 8 year salary replacement

You may consider looking at these alternatives from a financial perspective: 1. Retire now: Sell the house, start your social security right away and change to the widow benefit at FRA. 2. Retire now: Sell the house, start the widow benefit now and switch to your benefit at age 70. 3. Sell the house...
by dandinsac
Sun Mar 31, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: Best enhancement for folks who work from home
Replies: 44
Views: 5488

Re: Best enhancement for folks who work from home

These have been worth it for me: - replaced ceiling light with a lighted ceiling fan with remote control. - Husky adjustable workbench with wheels as my desk - installed 4U rack that mounts under the workbench. Installed 1U power strip with outlets in back and front; 2U drawer that holds 5 port USB ...
by dandinsac
Fri Mar 29, 2019 10:54 pm
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 64
Views: 6776

Re: Have you searched for your unclaimed property?

$290 total from Wisconsin and Missouri. Woohoo! Thanks for the thread.

I can’t justify going after the $0.16 that is in California. (Had a savings account with Capital One and they sent me letters for a year telling me I had this in the account.)
by dandinsac
Sat Mar 02, 2019 8:29 pm
Forum: Personal Investments
Topic: Portfolio Advice - 2 year followup + back for more!
Replies: 7
Views: 672

Re: Portfolio Advice - 2 year followup + back for more!

Living in California as well, put everything possible in tax deferred before taxable. For me, for a taxable account, the least taxed investments are ibonds or treasuries. For you, long term capital gains could be a better investment. I played around a bit with TurboTax this year and found the follow...
by dandinsac
Thu Feb 21, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7942

Re: Job Offer - 24 Hours to Decide?

One concern that your new company may have is that you will go back to your existing employer and negotiate a better deal and leave them hanging. Since it’s almost a weekend, you could tell them something like, “Thank you for your offer. This is an important decision in my career and would like the ...
by dandinsac
Fri Feb 01, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 12815

Re: How much do you keep in checking?

$10K above my credit card balance. I look at it once a month or so and most times move funds into my brokerage account. It has simplified my life not to worry about it.
by dandinsac
Wed Dec 19, 2018 4:27 am
Forum: Personal Investments
Topic: Gradual rebalancing methods
Replies: 3
Views: 403

Re: Gradual rebalancing methods

We're thinking of retiring in the next few years and want to gradually reduce our stock allocation from high 60's to low 60's. Would it be reasonable to accomplish this by discontinuing the automatic dividend re-investments for the stocks and stock funds in our 401Ks and IRAs and invest those divid...
by dandinsac
Wed Oct 24, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 6438

Re: CA property tax > $10K, any options to deduct all?

Thanks for starting the thread as it resulted in my figuring out exactly what I would pay. It doesn’t help getting more property tax writeoffs, but it does illustrate that the tax law is fairly neutral for some of us in California. Here’s how it plays out for me as a California resident... 2016 - AG...