Search found 208 matches

by gurusw
Tue Jul 28, 2020 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments OR not
Replies: 52
Views: 4935

Re: Extra mortgage payments OR not

If I really pay $145K to have conforming loan, my stock/bond ratio will become approx 70/30 (from 55/45). Do I adjust it back to 55/45 or not?
What are the arguments for adjusting and against doing so? This is where part of the confusion is :)
by gurusw
Tue Jul 28, 2020 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments OR not
Replies: 52
Views: 4935

Re: Extra mortgage payments OR not

I'm not sure what the "break even" you're referring to is, here. In some cases, you can do something like pay points at the front end in exchange for a lower rate. This leads to a break-even calculation which is how long you have to hold the loan before the lower rates make up for the poi...
by gurusw
Tue Jul 28, 2020 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments OR not
Replies: 52
Views: 4935

Re: Extra mortgage payments OR not

In your situation and such a high mortgage interest rate, you have too much in bonds. 40% of 1.2M is 480k. I am not including your 100k of emergency. How about sell the bonds and pay towards the mortgage to less than 20% and refi for 3.x rate. This action will get you 4.125% after-tax return guaran...
by gurusw
Mon Jul 27, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments OR not
Replies: 52
Views: 4935

Re: Extra mortgage payments OR not

CA is a non-recourse state.

There are some threads on bogleheads mentioning that the loan obtained by refinance is not non-recourse.
But during refinancing I confirmed with the bank that even the refinanced loan is non-recourse.
by gurusw
Mon Jul 27, 2020 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments OR not
Replies: 52
Views: 4935

Extra mortgage payments OR not

Hi, I am kind of confused regarding my mortgage situation, and investing. And need some advice. I'm currently 45. I have a portfolio of 1.3M, and subtracting 100K for emergency expenses, that is 1.2M of investments. It is 55% stocks & the rest is bonds+cash. I bought a house in bay area 2 years ...
by gurusw
Mon Jun 22, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: I.R.S. form 5498 - IRA Contribution Information
Replies: 11
Views: 1193

Re: I.R.S. form 5498 - IRA Contribution Information

Thanks a lot for the advice, Alan.
by gurusw
Mon Jun 22, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: I.R.S. form 5498 - IRA Contribution Information
Replies: 11
Views: 1193

Re: I.R.S. form 5498 - IRA Contribution Information

Hello, I came across this thread while searching for "how long to keep 5498". The reason being I do not have old 5498s... meaning I only have about last 10 years of 5498s, I do not have 5498s for the first 10 years of my contributions. I had also changed custodians in those first 10 years....
by gurusw
Sun Jun 14, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Fence repair responsibility
Replies: 30
Views: 2453

Re: Fence repair responsibility

Thanks for the replies. Looks like most BHs are leaning towards paying for it. If I go down that route, there are still 2 things I need to fix, or work around: 1. Will that leftover stem result in the same tree sprouting elsewhere. 2. How to get the the labor work on the fence when my tree is blocki...
by gurusw
Sun Jun 14, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fence repair responsibility
Replies: 30
Views: 2453

Re: Fence repair responsibility

Fortunately neither of us have a pet or pool. But if there is a upcoming sell in near future, the fence can become a problem to sell :)

I am sure it's a seperating fence since it's along the his house wall (and hence along the zero-lot line). The CA law says it's 50-50% responsibility!
by gurusw
Sun Jun 14, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fence repair responsibility
Replies: 30
Views: 2453

Fence repair responsibility

Hello, I've a weird/funny issue going on with the fence in the backyard that I share with my neighbour. We have zero-line lot, and most of the lot is separated by neighbor's house itself, but at the end there is 6 to 10 feet wooden fence. On my side of the fence, I have a tree that pretty much block...
by gurusw
Sat May 16, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 81
Views: 5656

Re: Should I go for online Will making software?

Thanks a lot, everyone. This helps me a lot with the decision.
by gurusw
Sat May 16, 2020 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I go for online Will making software?
Replies: 81
Views: 5656

Should I go for online Will making software?

Maybe this has been discussed before. But given we are in pandemic, I wanted to ask once again... Should I go for online Will making software? I already have a living will made in MA 10 years back. Then I was married, my son was 3 years old, and I did not own a house. This was done with the help of ...
by gurusw
Sat Apr 04, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9397
Views: 657017

Re: Refinance Mega Thread

Hi, Are people still getting their refinance requests served for jumbo? I am looking for a jumbo loan. My current rate is 4.125% I had a broker start the process, got a quote for 3.625% and appraisal was done. But now the broker says that no bank wants to give jumbo loan. However appraisal is good ...
by gurusw
Fri Apr 03, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9397
Views: 657017

Re: Refinance Mega Thread

Hi, Are people still getting their refinance requests served for jumbo? I am looking for a jumbo loan. My current rate is 4.125% I had a broker start the process, got a quote for 3.625% and appraisal was done. But now the broker says that no bank wants to give jumbo loan. However appraisal is good t...
by gurusw
Mon Mar 30, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance issue
Replies: 7
Views: 1048

Re: Refinance issue

I dunno what went wrong in locking. The application form has a rate, but there is no separate rate locking doc. Looks like you locked it, but your broker cannot honor it because no bank wants to hold a jumbo loan. I got the same response that no bank wants to own jumbo loan. I think the best outcome...
by gurusw
Sun Mar 29, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance issue
Replies: 7
Views: 1048

Re: Refinance issue

Get them to refund the appraisal fee or threaten to complain to the licensing board and leave a bad review on Yelp. Thanks. Can I do that even though my rate was not locked? Also which licensing board you are talking about? I don't know the resources, but if you point me to it, I will read it befor...
by gurusw
Sun Mar 29, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance issue
Replies: 7
Views: 1048

Refinance issue

Hello, On the beginning of March, I had approached a broker for refinance for a jumbo loan. This is the same broker who had gotten me loan at 4.375% for 30-year about 2 years back during my house purchase. This loan was transfered to Wells Fargo, and I got the rate lowered to 4.125% for 30-year last...
by gurusw
Sat Mar 14, 2020 6:05 pm
Forum: Personal Investments
Topic: FTIHX vs FSGGX? (International)
Replies: 9
Views: 2291

Re: FTIHX vs FSGGX? (International)

Duckie wrote: Sat Mar 14, 2020 5:00 pm Is this just theoretical?
Not all, it helps. Thanks.
by gurusw
Sat Mar 14, 2020 2:07 pm
Forum: Personal Investments
Topic: FTIHX vs FSGGX? (International)
Replies: 9
Views: 2291

Re: FTIHX vs FSGGX? (International)

I have a follow up question .... Let's say I exchange FSGGX (World ex US) with FTIHX (World ex US, incl small-cap). And in 30 days I exchange VTIAX (World ex US, incl small-cap) with VFWAX (World ex US). Would this be a wash sale? I know Fidelity funds are following MSCI & Vanguard funds are fol...
by gurusw
Wed Mar 11, 2020 4:58 pm
Forum: Personal Investments
Topic: FTIHX vs FSGGX? (International)
Replies: 9
Views: 2291

Re: FTIHX vs FSGGX? (International)

Can I swap one of these funds to another without being called as wash sale?

I am just looking for ways for capital loss harvesting.
by gurusw
Thu Oct 31, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1395

Re: Help me decide on HSA

Thanks all for bringing some clarity to my situation.

So is it correct that I can contribute full $5100 to HSA regardless of my income level?
by gurusw
Thu Oct 31, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1395

Re: Help me decide on HSA

Bfwolf wrote: Thu Oct 31, 2019 12:21 am The HDHP option will be superior in the vast majority of use cases.

Assuming you are already maxing out your 401k and backdoor Roth (and possibly even if you aren't), you should max out the HSA.
Yes, I am maxing out 401K and Roth. But no contributions to 529.
by gurusw
Thu Oct 31, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1395

Re: Help me decide on HSA

Also as I understand, HSA would have taxes & 20% penalty if taken out for non-health reasons before 65. And it will have taxes if taken out for non-health reasons after 65. It is tax/penalty free only for health reasons. So I'm not sure what would be the right amount to put there. Of course I ha...
by gurusw
Wed Oct 30, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1395

Re: Help me decide on HSA

Co-pays .... PPO vs HDHP: Some are same Preventive care: both $0 both Diagnostics tests, Ambulace, Surgeon: both 10% coinsurance Pharmacy: both same (preventive $0, generic $10, prefered $30, speciality 20% coinsurance) Some are more for HDHP PCP or Specialist, Physical or speech therapy, Chiropract...
by gurusw
Wed Oct 30, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1395

Help me decide on HSA

Hi, I am in dilemma. My employer offers free medical/dental/vision insurance. So it is very confusing to me whether to go for HSA. We are family of 3. Within medical, I have 2 options: PPO Plan & High-deductible health plan (HDHP). If I get PPO, the co-pays are very low. The max deductible per y...
by gurusw
Sun Oct 13, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 5244

Re: Car renting

I am renting in Texas.

Thanks for the warnings about Enterprise :)
by gurusw
Sun Oct 13, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 5244

Re: Car renting

Thanks all.

The rating that I have posted is for the specific location I'm travelling to.

The advantage with Costco rental is that I can add a second driver for free. Otherwise I'll end up paying extra $10-15/day.

So altogether my savings are going above $100.
by gurusw
Sat Oct 12, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 5244

Re: Car renting

Here was my experience. I had a vehicle vandalism incident of my rental car. My personal auto insurance paid for the claim. The Chase Freedom card (which is secondary insurance) covered the deductible. Make sure to keep your personal auto insurance card with you to show that you have coverage. Than...
by gurusw
Sat Oct 12, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 5244

Car renting

Hi, I am planning a vacation within USA for about a week, and need to rent a car. This topic has been discussed many times, but the information is scattered, adn this is my attempt to bring it together and personalize for myself. There are three factors I am considering: 1. Rating of the car rental ...
by gurusw
Fri Sep 06, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: CA taxes & allowances
Replies: 6
Views: 676

CA taxes & allowances

Hi, I want to reduce the amount of taxes CA is withholding. Last year, I had 3 allowances. To reduce the tax withholding, I increased the allowances to 4 in March/April. I was not happy with the result. So I increased it further. And the process is repeated approx every month. Now I have 7 allowance...
by gurusw
Sat Aug 17, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1614

Re: Kids education planning

Thanks you StealthRabbit & Jack, for giving a broad perspective. And Ron, always good to hear from a teacher. I agree that many parents are pressuring their kids, and I sure do not want to do that. I was being pressured (being raised outside USA as livesoft correctly pointed out), and I know how...
by gurusw
Sat Aug 17, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1614

Re: Kids education planning

psteinx, thanks a lot!

livesoft, what do you mean by "have a pulse" :) It can be interpreted many ways :)
by gurusw
Sat Aug 17, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1614

Re: Kids education planning

Once upon a time, an overly verbose poster on BH created a thread that may be helpful to you. He attempted to address a bit of the financial and a bit of the other stuff (merits of selective colleges, admissions, pre-college educational tips), especially for relatively prosperous BHs who might aspi...
by gurusw
Sat Aug 17, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1614

Kids education planning

Hi, I am not sue whether this is the right question for the forum. However given the very high concentration of rational folks here, I will take my chances. I am father of a 11 year old son who is very introvert. We live in bay area, and the competition is cut-throat. - People are sending their kids...
by gurusw
Thu Jul 25, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

In determining whether you are exposed to liquefaction or landslide risk, you’ll want to take a look at this map and enter your address: https://maps.conservation.ca.gov/cgs/EQZApp/app/ We’re just inside a liquefaction zone, so our risk is higher. Liquefaction occurs more commonly in wet soils, and...
by gurusw
Thu Jul 25, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

If your house is bolted to the foundation then the odds of total destruction resulting from the quake itself are pretty low. You might want to look into a device that shuts off gas to your house in the event of shaking though. Very good suggestion. Fire is more of a threat , in case of eartquake.
by gurusw
Thu Jul 25, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

The most I can do is to collect $266K and build home elsewhere is the calamity strikes. But I'm not sure if the insurance allows it. I have a vague impression that they pay the monies only if you are reconstructing the house on the same site. No, your homeowners insurance policy requires it. In Cal...
by gurusw
Thu Jul 25, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

You need to understand the particular risks for your house. Houses "destroyed" by earthquakes are either 1) ancient and built of brick or stone, 2) on ground which shifts dramatically or 3) burned in a fire due to a gas leak. Your conventional insurance may cover the fire scenario. If you...
by gurusw
Thu Jul 25, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

Well if you got it through CEA, it won’t go higher than your homeowners insurance dwelling coverage. I’d review your homeowners policy and make sure you aren’t underinsured in the first place. I looked up CEA’s solvency and they report about $17 billion in “claim paying ability”. Thanks a lot for t...
by gurusw
Thu Jul 25, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

Btw if the earthquake strikes, I'm pretty sure te land will lose its value too :) So I ask once again, if I choose to build a house elsewhere, I get zilch; correct? That can vary by state and insurer. You should read the policy documents or ask the agent. Often you can get a smaller depreciated pay...
by gurusw
Thu Jul 25, 2019 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

We carry earthquake insurance through CEA. $50k deductible, $500k rebuild for a 1000sqft house. We remodeled recently and prices were running ~$500/sqft a couple years ago. What really matters to me is the loss of use coverage. After the fires last year, rents spiked dramatically in the surrounding...
by gurusw
Wed Jul 24, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

unclescrooge wrote: Wed Jul 24, 2019 10:13 pm Have you seen Blu homes?
No, what's that?

Btw if the earthquake strikes, I'm pretty sure te land will lose its value too :)

So I ask once again, if I choose to build a house elsewhere, I get zilch; correct?
by gurusw
Wed Jul 24, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

There is a lot of variation in the possible earthquake policies with regard to insured amount, deductible, and a number of other factors. There is an online calculator (for California properties) at https://www.earthquakeauthority.com/ I would be cautious on taking any "default" coverage ...
by gurusw
Wed Jul 24, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Re: Decision to buy earthquake insurance

clemrick wrote: Wed Jul 24, 2019 9:14 pm What is amount for your regular insurance? How much does Geico say it would cost to rebuild after a fire?
The homeowners insurance premium is $716 for $266K dwelling coverage.
by gurusw
Wed Jul 24, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Decision to buy earthquake insurance
Replies: 40
Views: 2663

Decision to buy earthquake insurance

Hi, I bought a house last year in Bay Area, California. I got home insurance policy through Geico with as high coverage as I can get. 1. The current policy is through Geico. The underwriter is Homesite insurance for me. 2. My purchase price was $1,180,000 for a tiny 1220 sq ft house in bay area. 3. ...
by gurusw
Wed Apr 10, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 36
Views: 6194

Re: Cheapest Home Insurance ?

Folks, Need some help, Geico/Stillwater increased my annual home insurance premium, any suggestions to find lower rate ? Anyone have any experience with this new company - myhippo.com ? myhippo.com has the lowest rate I found - looks like a CA company I was looking for Chubb agents, and it turns ou...
by gurusw
Mon Apr 08, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding my home insurance policy
Replies: 12
Views: 1501

Re: Understanding my home insurance policy

Iridium, thanks a lot.
by gurusw
Mon Apr 08, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding my home insurance policy
Replies: 12
Views: 1501

Re: Understanding my home insurance policy

gurusw wrote: Mon Apr 08, 2019 11:37 am Also I do have an option to switch auto/home carriers in the middle of the policy period, correct?
Can someone please verify the above?
by gurusw
Mon Apr 08, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding my home insurance policy
Replies: 12
Views: 1501

Re: Understanding my home insurance policy

Thanks a lot, Dyloot and RickBoglehead.
by gurusw
Mon Apr 08, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Homesite Insurance
Replies: 10
Views: 1572

Re: Homesite Insurance

American Family has a reputation for poor service. It placed 19th out of 22 companies in the J.D. Power property claims survey: https://www.jdpower.com/business/press-releases/jd-power-2018-us-property-claims-satisfaction-study Thanks for the link. AAA is not listed here. Or is Auto CLub, CSAA, etc...