Search found 150 matches

by hookemhorns
Sat Apr 10, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10540

Re: In-Laws' HOA demanding $8000 lumpsum payment

Assuming this wasn’t disclosed, if title insurance isn’t good for this, I’m not sure what it’s good for. All of us have wasted hundreds of dollars or more on title insurance whenever we buy a house. It’s time someone filed an actual claim for the rest of us. Title insurance is a huge ripoff and thi...
by hookemhorns
Sat Apr 10, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 137
Views: 11635

Re: How quickly did you receive your 2020 tax refund?

Filed last weekend and just received my refund overnight so less than a week. Definitely the fastest I’ve ever received it.
by hookemhorns
Fri Apr 09, 2021 6:55 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2514

Re: FSMAX Shows 6% Loss Today?

Ajcorpus wrote: Fri Apr 09, 2021 6:52 pm Forgive the ignorance, trying to learn from you all here - but how does this distribution translate to tax inefficiency in a taxable account ?
Now he gets to pay capital gains tax on that 5% distribution, which means he just lost 55bps+ worth of value.
by hookemhorns
Fri Apr 09, 2021 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10540

Re: In-Laws' HOA demanding $8000 lumpsum payment

Conceptually this is the type of thing that title insurance should cover, so I would give them a call. For $8k, it’s worth consulting with a real estate attorney after that if the title insurer won’t cover it.
by hookemhorns
Mon Apr 05, 2021 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy for having a high deductible?
Replies: 18
Views: 1940

Re: Am I crazy for having a high deductible?

$25k deductible here. I would never file a claim for a non-catastrophic damage for the reasons mentioned by other posters. Just received our renewal notice and the premium is 2.1k. The quotes I received for similar coverage but a 5k deductible were 3.3-5k. Insurance companies are in business to make...
by hookemhorns
Mon Apr 05, 2021 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3090

Re: Should I opt for deferred compensation ? seeking advise

Actually, I would think the opposite regarding whether to do this when you're close to retirement. I think these work best when you're pretty sure that this is the last company you're going to work for before retirement and you're pretty sure that, post retirement, you'll be in a lower tax bracket....
by hookemhorns
Sun Apr 04, 2021 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3090

Re: Should I opt for deferred compensation ? seeking advise

I wouldn’t fool with it if you’re planning to retire in 5 years. The tax gains in your situation are not that big. There’s also risk that 1) your employer goes bust - low I know 2) your employer is acquired or otherwise shuts the plan. The latter happened to me and resulted in the one time distribut...
by hookemhorns
Fri Jan 08, 2021 11:33 am
Forum: Investing - Theory, News & General
Topic: US Stocks: Is anyone else facepalming right now?
Replies: 48
Views: 4868

Re: US Stocks: Is anyone else facepalming right now?

It really is starting to feel like a bubble, especially in certain stocks like TSLA. I mean is TSLA really worth nearly $1 trillion, or more than the rest of the entire auto industry combined? I love their product but the auto industry isn't going to converge to a monopoly or something. It's hard to...
by hookemhorns
Thu Dec 31, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575593

Re: Share your net worth progression

I thought I'd post mine. I rebased the amounts to start at 100 since I'm not comfortable sharing the absolute numbers. 2009 | Rebased to 100 <-- First year working, starting with decent savings pie and saved as aggressively as possible on a high XXk income 2010 | Not sure didn't track 2011 | Not sur...
by hookemhorns
Thu Dec 31, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575593

Re: Share your net worth progression

2004 |$167K | 22 2005 | $210K |23 2006 | $255K | 24 2007 | $389K | 25 2008 | $432K | 26 2009 | $501K | 27 2010 | $587K | 28 2011 | $1MM | 29 <= IPO 2012 | $1.6MM |30 2013 | $1.9MM |31 2014 | $2.1MM |32 2015 | $2.4MM |33 2016 | $2.5MM | 34 2017 | $2.9MM | 35 2018 | $2.7MM |36 2019 | $3.2MM |37 2020 ...
by hookemhorns
Sat Dec 12, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: Relocation to Houston, Texas from SF Bay - Advice
Replies: 102
Views: 9028

Re: Relocation to Houston, Texas from SF Bay - Advice

I spent quite a number of years in Houston and also lived in the Bay for a shorter period of time. If I had $6mn net worth, the last place I would move to is Houston. The weather is miserably hot and humid, the city has a horrible sprawl problem compounded by the lack of zoning laws, and natural bea...
by hookemhorns
Fri Dec 04, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10234
Views: 735971

Re: Refinance Mega Thread

Adding my numbers: Loanflight Conventional 30yr fixed @ 2.375% No points, but I bear the standard closing costs Locked in early November Scheduled to close by YE I received quotes from 8 lenders and this was the best I could find. Loan Cabin was teasing a slight lender credit at the same rate, but t...
by hookemhorns
Fri Dec 04, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Career decision - advice needed
Replies: 11
Views: 1580

Re: Career decision - advice needed

Two main questions: 1) How much do you have in non-retirement savings in case you get "re-forloughed"? 2) How quickly does your dream job want you to return? Personally, I would try to pursue option #3 and push for some time to see how things play out. You shouldn't mention that as your mo...
by hookemhorns
Mon Nov 09, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: A return of the Roaring 20s?
Replies: 37
Views: 5758

Re: A return of the Roaring 20s?

Who knows but this feels like it could be the 90s all over again. Stable government, huge scientific advances in short periods of time, few existential threats to peace and prosperity. I'm loving it. :sharebeer
by hookemhorns
Sun Nov 08, 2020 4:13 pm
Forum: Investing - Theory, News & General
Topic: Where would you be if you had invested like a Boglehead from the beginning?
Replies: 107
Views: 8096

Re: Where would you be if you had invested like a Boglehead from the beginning?

Probably a few 100k more. Not life changing, but enough to be mad about and probably pushed out FI by 2 years. Thankfully we always had good savings habits so are doing well overall. What makes me mad is that the industry is allowed to operate like this. If any other industry robbed their customers ...
by hookemhorns
Mon Nov 02, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Else Feel Broke Trying to Maintain a High Savings Rate?
Replies: 114
Views: 12008

Re: Anyone Else Feel Broke Trying to Maintain a High Savings Rate?

Assuming your mortgage payment includes tax and insurance it's quite reasonable. If it doesn't, then the equation gets tighter depending upon just how high your tax and property insurance are. Either way, a 30% savings rate on 65k income would be very difficult in most parts of the country. Certain ...
by hookemhorns
Sat Oct 31, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: husband wants to move to HCOL state
Replies: 133
Views: 7351

Re: husband wants to move to HCOL state

Life’s too short to live in New Jersey. Make the move and give it a try.
by hookemhorns
Tue Sep 29, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: HVAC refrigerant leak issue
Replies: 17
Views: 1285

Re: HVAC refrigerant leak issue

:idea:
JackRam wrote: Sat Sep 26, 2020 11:02 pm He didn't think the drain pipe was clogged, but offered drain cleanup service for $300.
Find a new HVAC tech immediately. You are being quoted rip off prices.
by hookemhorns
Mon Sep 21, 2020 5:43 pm
Forum: Personal Consumer Issues
Topic: Worst financial decision that you were able to turn around and make it into a positive?
Replies: 14
Views: 2050

Re: Worst financial decision that you were able to turn around and make it into a positive?

About a decade ago I had my entire IRA invested in 2-3 mutual funds at a midsized "value" investment manager that charged a 1.2-1.4% management fee for the privilege. Their funds performed horribly while the market roared back after the 2008 crisis. I don't know how they could have lost mo...
by hookemhorns
Mon Sep 21, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss with HR that I live in multiple places...
Replies: 28
Views: 4132

Re: How to discuss with HR that I live in multiple places...

You mentioned that you travel quite a bit and stay at ST rentals - are those all within the same state? If you’re splitting time across multiple states it could get very complex for tax purposes which HR probably wouldn’t like. If it’s all within the same state, just give HR whatever address you use...
by hookemhorns
Mon Aug 31, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1598

Re: HELP with any advice for dealing with Paypal.

How did you find/transact with the buyer? eBay, Craigslist, another platform? This is most likely a scam so I wouldn't expect the buyer to care about a refund offer. Unfortunately, the payment companies are notorious for siding with buyers in chargeback disputes, so you may not have much recourse. W...
by hookemhorns
Sun Aug 30, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575593

Re: Share your net worth progression

It's interesting how this thread is revived when the market reaches all-time highs and goes silent for long periods when the market dips. Perhaps a contrarian indicator, not that anybody should try to time the market :D
by hookemhorns
Sun Aug 30, 2020 10:52 am
Forum: Personal Consumer Issues
Topic: First time considering AirBnB or VRBO
Replies: 23
Views: 1744

Re: First time considering AirBnB or VRBO

We've used AirBnb about 20 times in multiple cities + international and only had one bad experience. So yes, I recommend it. To your questions: When renting through either VRBO or AirBnB, is there any advice you would offer me based on past experiences, lessons learned the hard way, etc. Do’s and do...
by hookemhorns
Sun Aug 30, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Just found my dream home/offer accepted, need lending ASAP and have important questions, you're my main resource
Replies: 91
Views: 6966

Re: Just found my dream home/offer accepted, need lending ASAP and have important questions, you're my main resource

To answer OP's questions: 1. Are there any lenders you'd recommend I add to my list above to call and get rates from? The list you mentioned is good. The main challenge will be finding a lender that can close on a relatively short timeline. You might end up paying a slightly higher rate to accomplis...
by hookemhorns
Sat Aug 22, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating $875K Home Purchase
Replies: 31
Views: 4211

Re: Contemplating $875K Home Purchase

Yes you can afford it. We did it with roughly similar numbers to yours and have never felt stretched. Add in that your wife might return to work and it's very comfortable.
by hookemhorns
Wed Aug 19, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lab work when buying Term Life insurance
Replies: 6
Views: 564

Re: Lab work when buying Term Life insurance

Mine was at a local outsourced lab service like Quest or LabCorp. They also offered to send a tech to my house to perform the test - my spouse elected for this option. They measured weight and blood pressure and took blood and urine samples. Very easy process, I wouldn't worry about it.
by hookemhorns
Sun Aug 16, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Desperately need advice regarding my business lease.
Replies: 33
Views: 2150

Re: Desperately need advice regarding my business lease.

Haven’t you posted this exact same topic three times now? The first time everybody told you not to make this deal. The second time you were given advice on how to get out of it. It doesn’t seem like you listen to anybody on here.
by hookemhorns
Wed Jul 29, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Financial services industry advice for a career changer
Replies: 19
Views: 1664

Re: Financial services industry advice for a career changer

Why does she want to leave corporate finance?
by hookemhorns
Wed Jul 29, 2020 7:30 pm
Forum: Personal Consumer Issues
Topic: AirPods Wireless Charging Question
Replies: 9
Views: 744

Re: AirPods Wireless Charging Question

Just tried mine. The light on the case comes on which I assume means its charging. Does your case light come on even without the earbuds in?
by hookemhorns
Tue Jul 21, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: Peter Schiff - a perspective
Replies: 21
Views: 1650

Re: Peter Schiff - a perspective

He’s always wrong. Knowing that is just as useful as knowing somebody is always right.
by hookemhorns
Tue Jul 14, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Sudden loss in battery life: iPhone 7
Replies: 30
Views: 1819

Re: Sudden loss in battery life: iPhone 7

I replaced the battery in my iphone 6 twice before buying the iPhone 11. Once they're worn out, they start to fade quickly. If you're on the original you definitely need to replace it. If you're in a major city you can usually get a 3rd party technician to drive to your house and replace it for $75-...
by hookemhorns
Mon Jul 13, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of paying off mortgage
Replies: 146
Views: 9152

Re: Talk me out of paying off mortgage

With your rate locked in at 2.875% for 15 years I would definitely not pay it off. What are the chances that inflation alone could be higher than 2.875% over the period? I would say decent. If that happens, the bank is effectively paying your house off for you. Several years ago I thought about payi...
by hookemhorns
Wed Jul 01, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check: Career Gap Year
Replies: 40
Views: 2616

Re: Sanity Check: Career Gap Year

I'm surprised the responses thus far are so pessimistic about this idea. You are in an amazing financial position. Even assuming your expenses are understated a bit, you have a paid off house and an investment portfolio that, left untouched, will fully fund your retirement when you're in your 60's....
by hookemhorns
Wed Jul 01, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check: Career Gap Year
Replies: 40
Views: 2616

Re: Sanity Check: Career Gap Year

My advice from somebody in a similar situation and age range: I would take 2 weeks of vacation and use that time to figure out what you want to do next. I did that about 2 years ago and charted out a new career path that I am currently in the process of transitioning towards. I wanted to be running ...
by hookemhorns
Tue Jun 30, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4757

Re: At what point can you justify a $10k+ flight?

My wife and I have done it several times and I've done it dozens of times for work. We basically budget $10-15k a year for vacation. Some years are less (definitely less this year :( ), some more. So basically every 2-3 years we have the opportunity to take an awesome 1-2 week international trip. I...
by hookemhorns
Tue Jun 30, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4757

Re: At what point can you justify a $10k+ flight?

My wife and I have done it several times and I've done it dozens of times for work. We basically budget $10-15k a year for vacation. Some years are less (definitely less this year :( ), some more. So basically every 2-3 years we have the opportunity to take an awesome 1-2 week international trip. If...
by hookemhorns
Tue Jun 30, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 8304

Re: Question - Reloc to TX

I think you're generally on the right track - rent for the first year and see how you like living in Dallas and your new job. I would worry about everything else later and certainly not plan my life/retirement around taxes or whether I own property in Dallas or not. I will say that property taxes ar...
by hookemhorns
Sun Jun 07, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: Do you feel safe going to a hair salon or barber shop?
Replies: 32
Views: 1775

Re: Do you feel safe going to a hair salon or barber shop?

I did it ~3 weeks ago. I felt reasonably ok with it because each of the barbers at my regular place have their own segregated room, so it wasn't an open bay-like area that you usually see. We both wore masks the entire time and I didn't have him wash/rinse my hair afterwards. I will definitely reduc...
by hookemhorns
Sun Jun 07, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford 600k house?
Replies: 95
Views: 9357

Re: Can we afford 600k house?

Short answer is yes you can, but it will be tight if your wife does not return to work. PITI and basic maintenance alone add up to ~30% of your pretax income assuming you get a bonus, and low 30s if you don't. If I were you, given that you're also moving across the country, I would rent for 1-2 year...
by hookemhorns
Wed Jun 03, 2020 3:27 pm
Forum: Personal Investments
Topic: Advice for 19 year old with $10k?
Replies: 20
Views: 1420

Re: Advice for 19 year old with $10k?

Congrats and good luck on your college adventure. As mentioned, if you have earned income you can contribute to your IRA to either the lower of your earned income amount or $6k. If you don't have earned income, you can invest the money in a regular taxable account (you will likely pay zero tax anywa...
by hookemhorns
Wed Jun 03, 2020 3:19 pm
Forum: Personal Investments
Topic: Admiral shares for Financial Services Industry employees
Replies: 20
Views: 838

Re: Admiral shares for Financial Services Industry employees

Hi all, I am employed by a brokerage firm and must keep all of my brokerage accounts with my employer. I can buy Investor class Vanguard funds and Admiral Index funds through my employer but I am looking to buy VWIAX and can only do so at Vanguard. The problem is that I am not allowed to establish ...
by hookemhorns
Thu May 14, 2020 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Personally guaranteed business loan
Replies: 13
Views: 871

Re: Personally guaranteed business loan

Your home equity, 529, and retirement accounts may or may not be shielded depending upon the state you live in. In my state, all three are generally protected except in limited cases such as fraud. I'm not sure when the clock would start on this (i.e. when the loan was originated, or some later date...
by hookemhorns
Mon May 11, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1811

Re: Car Insurance; Bad Driver Penalty

I'm assuming they have comprehensive coverage at that premium? They should consider dropping down to liability only. $3500/year already seems very high, $6k is crazy and it might be worth it just to uber everywhere instead. For reference, we have liability only on two vehicles and pay ~$750/year for...
by hookemhorns
Mon May 11, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: $5k - $7k to replace engine, or get something else? (loan on car)
Replies: 109
Views: 7284

Re: $5k - $7k to replace engine, or get something else? (loan on car)

If you are in/near a large city call an independent shop that specializes in replacing engines. These places work on dozens of vehicles per day and have engine replacement down to a science. They should be able to quote you the total cost to replace the engine on the phone. $5-7k is high especially ...
by hookemhorns
Mon May 04, 2020 10:23 am
Forum: Personal Consumer Issues
Topic: HVAC Experts
Replies: 13
Views: 1901

Re: HVAC Experts

Going to put a new HVAC system in our 2800 square foot townhome in Nebraska (think below zero in winter, and over 100° in summer with high humidity). Two floors. No basement. Gas heat. Can you provide any guidance on the unit we should be searching for ? Don't believe calculations. I did and ended ...
by hookemhorns
Sun May 03, 2020 8:42 pm
Forum: Personal Consumer Issues
Topic: HVAC Proposals - Any Thoughts
Replies: 14
Views: 1528

Re: HVAC Proposals - Any Thoughts

The prices all seem somewhat high so I would get more quotes. We replaced our A/C two years ago and also considered replacing the furnace. I spent a fair amount of time researching the decision and came to the following conclusions: - Going with an expensive dual-stage A/C or furnace almost never ma...
by hookemhorns
Sun May 03, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: All gift cards orders on cardcash.com declined?
Replies: 14
Views: 1694

Re: All gift cards orders on cardcash.com declined?

I've had the same issue with them, though I can usually get it to work if I call the card company. Breaking the transactions up generally helps too (i.e. buying 5x $20 cards, then doing the same again in a few days instead of trying for one $200 card). I've had the least problems with Raise FYI. Eit...
by hookemhorns
Sat May 02, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6915

Re: Please help me unravel my parents mess

Your parents' situation sounds similar to mine, even down to having a large chunk of XOM stock, though the other details are different. Overall, they seem to be in good financial shape, but some changes should be made quickly: 1) Find and hire a good fiduciary financial advisor. This eliminates Edwa...
by hookemhorns
Sat May 02, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff or Invest
Replies: 8
Views: 1148

Re: Mortgage Payoff or Invest

You need to diversify away from the ESOP ASAP without racking up a huge tax bill. I would sell the 345k over the next three years, or however fast you can do it without getting into a high tax bracket, and invest the proceeds into a diversified index fund. The problem with using the proceeds to payo...
by hookemhorns
Sat May 02, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Max 401(k) limits when doing backdoor roth
Replies: 3
Views: 565

Re: Max 401(k) limits when doing backdoor roth

Nope they're two separate limits. I max out both every year.