Search found 2689 matches

by jharkin
Fri Mar 19, 2021 5:58 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12401

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I’m from the northeast. WPI along with RPI (Troy, NY) and RIT where some of the biggest schools my first employer (mid 90s) recruited from. All had a reputation of being where “kids who missed the cut for MIT went”

And yes that describes me. I was an RPI grad myself....
by jharkin
Fri Mar 12, 2021 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13969

Re: If you hit your # would you retire in this market?

Yes. My "number" is the number that achieves 100% success rate in Firecalc. In other words its safe in the event of anything short of a complete collapse of the world economy. Even if a 1929 scenario happened next year its safe. It does so with a glide path that includes enough bond and fi...
by jharkin
Wed Mar 10, 2021 10:03 am
Forum: Investing - Theory, News & General
Topic: 1980s 14%+ Govt. Bonds?
Replies: 67
Views: 3989

Re: 1980s 14%+ Govt. Bonds?

I was in elementary school in the 1980s. I don't have any first hand experience of investing at that time... but I do recall that my parents had a mortgage rate of something like 15% for the house they built in 1978. And my Dads job had a pension... few people they knew had 401ks or IRAs back then. ...
by jharkin
Mon Mar 08, 2021 11:38 am
Forum: Personal Finance (Not Investing)
Topic: 35 and thinking about early retirement or partial retirement
Replies: 131
Views: 13769

Re: 35 and thinking about early retirement or partial retirement

Sorry, but I have to say you are not even close to being able to afford straight up retiring, given your age and lifestyle/expenses. (short of retiring overseas as an expat in an ultra low COL country) #1. With 1.5MM, people will quote the 4% rule and say 50-60k a year... but that is based on a stud...
by jharkin
Tue Mar 02, 2021 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender Requiring Excessive Homeowners Insurance
Replies: 6
Views: 627

Re: Mortgage Lender Requiring Excessive Homeowners Insurance

I would be surprised if a house with a $520k assessed (less land) value could be rebuilt for $300k. Are you insuring for full replacement cost? Any way, you either have to keep the bank happy, or, find another bank. edit: think about it, if the house you are going buy could be replaced for less tha...
by jharkin
Mon Feb 22, 2021 7:48 pm
Forum: Personal Consumer Issues
Topic: A primer on backup battery systems for power outages
Replies: 195
Views: 13164

Re: A primer on backup battery systems for power outages

Don't worry about the 20 ft. distance. If you have a balcony or patio, you can run it there. If it's outdoors, there's no way for the exhaust to represent any meaningful health hazard. We had a multiple day power outage last summer. Our neighbor ran a portable gas powered generator on his patio, cl...
by jharkin
Thu Feb 18, 2021 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

ANother LenderFi data point. Previous refi with them was last summer. Closed in early Aug @ 3.125. First payment Sep. In December I emailed my rep about rate insurance, he said to contact him via text in mid-Jan to start the process for Feb close. * I texted my rep 1/18 * back and forth and they got...
by jharkin
Thu Feb 18, 2021 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Parents, No Retirement Savings
Replies: 38
Views: 5261

Re: Parents, No Retirement Savings

I’ll add to the chorus that “your parents are fine”. From the budget you provided they can live on SS alone with income to spare. Dad should ask his partners about buying him out, either fully, or partly and let him just be silent partner drawing royalties. That will probably leave them more money t...
by jharkin
Wed Feb 17, 2021 12:32 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 69115

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Somebody on the first page mentioned year 2000. Back then I was 26 years old, a couple years into my career working for software companies. I had all my play money in individual tech stocks (AMD, Nvidia, Cisco and a butch of early dot-coms) and my 401k was in a lot of Janus and Dodge funds. All wher...
by jharkin
Sun Feb 14, 2021 1:24 pm
Forum: Personal Consumer Issues
Topic: [Toyota 4 Runner owners -- opinions?]
Replies: 54
Views: 3759

Re: [Toyota 4 Runner owners -- opinions?]

This is like the Tacoma thread thats running. Ask yourself: Do you want to drive off road? I mean really offroad - deep mud, sand, rocks... not just parking on grass at the state fair. If the answer is Yes - the 4Runner will go anywhere you want to. They haven't changed it in forever becuase it just...
by jharkin
Sun Feb 14, 2021 1:19 pm
Forum: Personal Consumer Issues
Topic: how much do you budget car repairs/home repairs for?
Replies: 37
Views: 4727

Re: how much do you budget car repairs/home repairs for?

For car repairs? I don't bother to budget anything.

We drive Toyota's and Honda's and I cant even remember the last time I had to do anything beyond annual oil changes or a brake job every 50k or so... I DIY so budgeting would be pennies a month.
by jharkin
Sun Feb 14, 2021 1:13 pm
Forum: Personal Consumer Issues
Topic: What is so special about the Toyota Tacoma?
Replies: 97
Views: 10607

Re: What is so special about the Toyota Tacoma?

In addition to the bulletproof reliability (more so pre-2015), Tacomas are very popular with the off road driving crowd. TRD Off Road and TRD Pro particularly. They are a lot smaller than a full size Chevy or Ford so they can get into tighter trails, plus the offroad models have a much better 4x4 sy...
by jharkin
Sun Feb 14, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger on a solar install
Replies: 37
Views: 4937

Re: Pulled the trigger on a solar install

I think this is a very fair and simple way to do it. I wouldn’t call it “fair” really. It is hugely advantageous to you! Typically utility generation runs 2-4 cents per KWh. 4 cents???! Where? I pay 19 cents last I checked, and I’ve never seen or heard of anywhere in the northeast that’s below 15. ...
by jharkin
Sun Feb 14, 2021 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger on a solar install
Replies: 37
Views: 4937

Re: Pulled the trigger on a solar install

I think this is a very fair and simple way to do it. I wouldn’t call it “fair” really. It is hugely advantageous to you! Typically utility generation runs 2-4 cents per KWh. 4 cents???! Where? I pay 19 cents last I checked, and I’ve never seen or heard of anywhere in the northeast that’s below 15.
by jharkin
Fri Feb 12, 2021 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Build or buy a home?
Replies: 50
Views: 5668

Re: Build or buy a home?

In my entire life Ive never even considered building. Everybody I know who built: * Had delays and cost overruns * had to jump though more hoops with financing * Many traditional features, like real brick chimneys/fireplaces, have become prohibitively expensive. Many traditional materials are now re...
by jharkin
Thu Feb 11, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Am I nuts? About to retire early without bulletproof money.
Replies: 89
Views: 11609

Re: Am I nuts? About to retire early without bulletproof money.

Isn't the amount of the annuity, by itself, even if taken immediately at is lowest dollar amount, greater than your annual spending? If so, then your withdrawal rate is zero. That's "kind of a big deal". So add me to the list who thinks you're fine to retire. +1000 Based on the numbers yo...
by jharkin
Wed Feb 10, 2021 3:09 pm
Forum: Personal Consumer Issues
Topic: Metal Ducts - insulate, seal, or replace
Replies: 28
Views: 2360

Re: Metal Ducts - insulate, seal, or replace

#4 Keep the solid steel ducks. They are stronger and more durable than flex duct, also flow better. Have them cleaned (duck cleaning company). Insulation removed. Joints retaped with adhesive back aluminum duck tape. Caulk as needed. New insulation wrap installed then also taped. It's a good time t...
by jharkin
Tue Feb 09, 2021 9:45 am
Forum: Investing - Theory, News & General
Topic: NPR's Financial "Reporting"
Replies: 22
Views: 1389

Re: NPR's Financial "Reporting"

As usually a lot of living in a bubble on bogleheads... :oops: We also tend to forget on this forum that: - Not everyone in society is as wealthy as most people on this board - Not everyone in society has access to elite college education and the resulting high paying professions those open the door...
by jharkin
Tue Feb 09, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement if all the sims are wrong?
Replies: 123
Views: 8018

Re: How do you plan for retirement if all the sims are wrong?

I guess my ask is for those that feel compelled to point out that you can't predict the future, what do you use to predict the future? Flexibility in spending. Regards, +1. I back test. I look at the 4% rule. I run things though Firecalc and i-ORP. I also have a massive spreadsheet Ive built over t...
by jharkin
Tue Feb 02, 2021 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What to do with $5,500?
Replies: 21
Views: 1761

Re: What to do with $5,500?

B without question... I’ve been burned, badly, by family loans. Never again.


Note that reversion to the mean says the 11% historical rerun indicates the coming years may be weak, so I wouldn’t make any assumptions about the market.
by jharkin
Mon Feb 01, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sell house before or after major repair??
Replies: 23
Views: 2370

Re: Sell house before or after major repair??

What's wrong with the foundation? Would guess most homes in NJ either have poured concrete, cinder block or stone rubble depending on age. Hopefully its not the problem we have in parts of CT where the aggregate added to the concrete contained pyrrhotite which caused the foundation to literally cru...
by jharkin
Sun Jan 31, 2021 7:30 am
Forum: Personal Finance (Not Investing)
Topic: promotion without salary increase
Replies: 81
Views: 7736

Re: promotion without salary increase

Since the door is open, I would talk to the SVP. Don’t do it on email however, just respond that you would like to talk live (face to face or at least phone) to discuss. That will allow you to better read the situation, and worst case there is no paper trail of you complaining about the direct boss....
by jharkin
Sun Jan 31, 2021 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Car Spending Advice
Replies: 104
Views: 6913

Re: Car Spending Advice

You can afford it easily, not even sure why it’s a question.

My only thought is it still might be cheaper to buy in the long run. If you get bored after 3 years just trade it in. You have to run the numbers but I bet you get a better sale value than the residual in the lease contract....
by jharkin
Sun Jan 31, 2021 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Home warranty
Replies: 19
Views: 1262

Re: Home warranty

I’ve never heard anything good at them, and I’ve never had one on any home I’ve lived in. And the youngest house we ever bought was about 30 years old... most far older.

A 15 year old house isn’t even broken in yet, frankly...
by jharkin
Thu Jan 28, 2021 10:00 am
Forum: Investing - Theory, News & General
Topic: Has Bogleheads lost its direction?
Replies: 331
Views: 29670

Re: Has Bogleheads lost its direction?

Hey well think of it this way: At least the stock flipping talk distracts from all the humblebrag posts... "I have 5 million, can i ever retire?" "I earn 250k, my neighbor earns more so I must be average middle class" "1 million isn't rich, everybody I know has at least 1 mi...
by jharkin
Fri Jan 22, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

How did you initiate contact with LenderFi for the 2nd refi? What rate did you get? My 6 months is almost up to do another refi with LenderFi. I emailed my guy a while back and he gave me a date and said to text him. I sent a text over hte weekend and everything was done in justa couple messages an...
by jharkin
Fri Jan 22, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

My original estimate had a loan value estimated based on my principle balance as of 1/1... which leaves me bringing $500 to the closing table for prepaid interest (fine with me as I can write a check for that amount)... Now in the final disclosure they get the actual payoff (calculated with interes...
by jharkin
Fri Jan 22, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

drizzleray wrote: Fri Jan 22, 2021 12:07 pm

I’m closing on my LF refi today. If they use Amrock as the title/escrow agent, they offer an ACH portal so you can avoid wire fees.
They are using AMROCK for mine as well... didn't know they would take ACH. Then maybe its fine as is...
by jharkin
Fri Jan 22, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

Ok so my Lenderfi second refinance is moving MUCH faster than the last time: - Contacted on 1/18 AM - locked on 1/18 PM - All docs in on 1/19 - Just got the final disclosures on 1/22 Of course they have a mix up in cash to close again (the first time around they tried to ask for property tax even th...
by jharkin
Fri Jan 22, 2021 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Tax 2020; TurboTax; Stimulus money
Replies: 7
Views: 594

Re: Tax 2020; TurboTax; Stimulus money

Yes, there is a mini worksheet in the 1040 instructions to calculate the credit. If your 2020 income qualifies you for more than 2019 you will get some additional credit in your tax refund this year. If you qualify for less you don't have to give it back. This feeds line 30 on the 1040. As mentioned...
by jharkin
Thu Jan 21, 2021 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is Amex Blue Cash preferred card still worth keeping?
Replies: 51
Views: 3371

Re: Is Amex Blue Cash preferred card still worth keeping?

I *am* keeping BCP because in our family of 4 with 2 big eating preteens we still spend 800+ on groceries every month. If anything our grocery spend is UP due to reduced eating out in pandemic. Gas spending is down but the grocery still puts us over the annual cap and easily makes the fee worth it. ...
by jharkin
Thu Jan 21, 2021 11:31 am
Forum: Investing - Theory, News & General
Topic: How to stay invested in a surging market
Replies: 71
Views: 6304

Re: How to stay invested in a surging market

deepvalleys wrote: Wed Jan 20, 2021 5:27 pm I am asking how to resist the temptation to take profit.
This is where a written IPS with target asset allocations and rebalancing thresholds comes in handy. It forces you to sell (gradually)on run ups and buy (gradually) on downturns automatically.
by jharkin
Wed Jan 20, 2021 3:16 pm
Forum: Personal Consumer Issues
Topic: Any car experts? [Suspension control arm bushing cracked]
Replies: 34
Views: 1500

Re: Any car experts?

Hi, I have 2007 camry with 90K miles I did my recent service at Toyota and they mentioned that Suspension Control Arm Bushing is cracked and gave estimate of $2300. Wanted to know what can be the reason of this crack and does this require immediate attention. My car was lying for 3 months as I was ...
by jharkin
Wed Jan 20, 2021 2:14 pm
Forum: Personal Consumer Issues
Topic: HBOMax Has Me Confused
Replies: 35
Views: 3531

Re: HBOMax Has Me Confused

. My LG doesn't fall on this list. HBOMax is not supported on WebOS, with is the operating system LG uses. I have the same issue. I have an old $30 Amazon Firestick from my previous set and I plugged it in to get HBOMax. Kind of a pain... but the content on HBO is not all that exciting so I may dro...
by jharkin
Wed Jan 20, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Twenty Four Years of Taxes
Replies: 75
Views: 8551

Re: Twenty Four Years of Taxes

What was the surprise here? Did you think tolls were going to be a lot higher? :D Is it that income tax is a big number? I bet income is 4X higher. My two-decade income:real estate tax ratio is probably very close to my annual one, which I review every year. The real surprise for me was that an ave...
by jharkin
Tue Jan 19, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Need to lock 30 year mortgage NOW - where to start?
Replies: 26
Views: 1937

Re: Need to lock 30 year mortgage NOW - where to start?

I just got 2.75 on a refi. Not sure where purchase loans are at but you should be able to do better than 3% with 12k in points. It also depends on location, LTV, loan size, whether its conventional/superconforming/or jumbo. Jumbos are still pretty expensive I think so if thats you then... Look every...
by jharkin
Tue Jan 19, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: ACA Insurance question regarding poverty level
Replies: 24
Views: 1852

Re: ACA Insurance question regarding poverty level

If your income is low enough to be worried about this, a traditional 401k isn't that useful anyway. I would contribute to a Roth 401k if available or a Roth IRA. Roth 401k is a good option we hadn't considered, thanks. We will want to contribute much more than our Roth IRAs can hold. edit: But woul...
by jharkin
Tue Jan 19, 2021 7:43 am
Forum: Personal Consumer Issues
Topic: Buying a Car - TSLA OR Honda
Replies: 60
Views: 5885

Re: Buying a Car - TSLA OR Honda

Is there something I'm missing? Yes, you really don’t know what type of vehicle you need. This. A Tesla is not just another car, its a major lifestyle change from what you are used to with gas cars. Have you thought about how you will setup your house for charging? Have you figured out how often yo...
by jharkin
Mon Jan 18, 2021 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

Update. I locked 2.75 no appraisal, no escrow, zero cost ( credit = all costs except prepaid interest). MA superconforming, 630k on 850 value (according to their automated system). Easy money but I actually hope this is he bottom. If we start getting sub 2 loans that probably a bad sign for the rest...
by jharkin
Mon Jan 18, 2021 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Recovery Rebate Credit claim for 2nd stimulus checks?
Replies: 28
Views: 1825

Re: H&R Block Recovery Rebate Credit claim for 2nd stimulus checks?

There's a form call Recovery Rebate Credit. You have to put your first payment on line 16 and the 2nd on line 19. Line 21 will determine if you're owed additional credit and will transfer to line 30 on the 1040. I'm actually going though the H&R Block 2020 desktop forms right now and I cant fin...
by jharkin
Mon Jan 18, 2021 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

My LTV is something like 78 ( bought less than 2 years ago) so you may get better rates who knows. I think it also varies by state and by loan size...
by jharkin
Mon Jan 18, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 165156

Re: My LenderFi refinance is going well

My 6 month window just opened up so I started the process again. My guy is telling me he thinks 2.75 might be the best they can do now after last weeks run up ( this is super conforming) Part of me thinks wait and see where things go, but if 2 weeks ago was the bottom I’ll regret it... 2.75 is alrea...
by jharkin
Mon Jan 18, 2021 8:02 am
Forum: Investing - Theory, News & General
Topic: Economy sluggish? I don't understand
Replies: 95
Views: 7844

Re: Economy sluggish? I don't understand

One dentist bill would blow that $15k lifestyle out of the water. One car repair. One "bail your brother-in-law out of jail for his unpaid speeding tickets." Or even one $250 traffic ticket of one's own. I live in one of the lowest cost of living areas of the United States and $15k is mis...
by jharkin
Mon Jan 18, 2021 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Should folks who are able be spending more?
Replies: 47
Views: 4448

Re: Should folks who are able be spending more?

If you get hit by a medical bills or some misfortune nobody will help you with your retirement bills. You need to always look out for number 1. This is a very sad sentiment. I hope no one else shares it. When people in your community are struggling your best response is to look out for yourself? To...
by jharkin
Mon Jan 18, 2021 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Should folks who are able be spending more?
Replies: 47
Views: 4448

Re: Should folks who are able be spending more?

GenawithanE wrote: Sun Jan 17, 2021 5:17 pm Boglehead frugality is the norm.
... for a small subset of HNW individuals on this forum.

Out in the general public over half of all household spend every dime they make and most save little to nothing.
by jharkin
Sun Jan 17, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS delays start of tax filing season to Friday, February 12, 2021
Replies: 75
Views: 7176

Re: IRS delays start of tax filing season to Feb. 12

Are people facing vastly fluctuating income and other tax circumstances, or is this a failure to plan the withholdings correctly? I know a lot of people who absolutely love getting big refunds. Some have a hard time understanding that this is just their money and that they could have used it before...
by jharkin
Fri Jan 15, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Options for healthcare during FIRE (but before 65)?
Replies: 141
Views: 10641

Re: Options for healthcare during FIRE (but before 65)?

Retire from a job with retiree health benefits (i.e. state or federal job) - or - Game your income to be under 400% FPL to get ACA subsidies... but the premium still ain't cheap. Also realize that the ACA costs vary significantly by state - and some of the dreaded "expensive coastal states"...
by jharkin
Thu Jan 14, 2021 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: High tax rate...am I missing anything?
Replies: 79
Views: 6595

Re: High tax rate...am I missing anything?

We are dual income high earners and solidly in the top marginal bracket, but our total effective tax rate of 36.36% shocked me. ... Are there any other tax reduction or retirement savings strategies I’m missing? I’m open to any/all ideas. Best thing is to be happy with your extraordinary career suc...
by jharkin
Thu Jan 14, 2021 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Family Costs 1970s vs 2020s
Replies: 122
Views: 10280

Re: Family Costs 1970s vs 2020s

Heh, I had friends with perfect SAT scores...maybe not 1600 but the max possible in that year. Almost 40 years later looking on linked in and other places the final outcome isn't remarkably different. I don't think I'm anything but dead average but I had to redo my resume recently and as I look bac...
by jharkin
Tue Jan 12, 2021 10:45 am
Forum: Investing - Theory, News & General
Topic: The new and bigger irrational exuberance
Replies: 134
Views: 10521

Re: The new and bigger irrational exuberance

That's what those of us who have ridden a downturn before know. What that horrible feeling when the desks around you are suddenly empty, and you get the call to go downstairs and meet with HR... These young developers are planning their retirements at 40. History says many of them will wind up at a...