Search found 349 matches

by Cobra Commander
Thu Apr 15, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8884

Re: Prenuptial arrangements

In cases where one spouse wants to retain the separateness of an asset post marriage, you'd typically, or wisely, make a post nuptial agreement. When prenups get thrown out all the time , I don't see postnups realistic. Separate assets must be separate from the get go and remain separate. With that...
by Cobra Commander
Wed Apr 07, 2021 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 49
Views: 8082

Re: Can I early retire from my corporate job?

However, I would question your plan in so far as it regards the youngest. At many schools, dorms close over breaks and often over the summer term. You will need to have a plan for them during those weeks, whether that is flying them to Asia severe times a year or putting them in an apartment or a c...
by Cobra Commander
Thu Mar 18, 2021 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

Both are same rate with no appraisal required, so at this point, it seems clear that I should go with Better due to the larger lender credit, but the LO at LenderFi told me that the extra lender credit could not be applied to F or G and that basically the extra amount would just go to waste. That d...
by Cobra Commander
Thu Mar 11, 2021 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6506

Re: Listing Realtor asking me to have mortgage lenders call her directly.

I always wondered how it works if you bring in a buying agent after already having made first contact with the seller and toured the property. For example, the sign-in sheets at open houses usually say something about the buyer’s agent needing to be disclosed up front. When you visit an open house ...
by Cobra Commander
Thu Mar 11, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6506

Re: Listing Realtor asking me to have mortgage lenders call her directly.

I'm surprised to learn this isn't common but I guess it just shows that real estate practices are localized. When I bought my current house the real estate agent contacted my lender to probe our finances and make sure our financing was solid. When I sold this most recent house I absolutely had my re...
by Cobra Commander
Sun Mar 07, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

Just curious but how much of the mortgage documentation do you guys retain from prior refinances? Obviously the satisfaction of the lien would be important to retain and probably the statement from the closing company but do you guys retain any of the other documents like the mortgage application an...
by Cobra Commander
Thu Mar 04, 2021 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Carryforwards
Replies: 29
Views: 1578

Re: Tax Loss Carryforwards

Like I said though, I don't know how Fidelity allocates how much of the distributions from the fund gets gets classified as a capital gain. Dividends consist of the dividends the fund gets from the stocks it holds, plus interest from any bonds it holds, minus the fund expenses. Capital gains are th...
by Cobra Commander
Thu Mar 04, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Carryforwards
Replies: 29
Views: 1578

Re: Tax Loss Carryforwards

I know for me some portion of the dividend /capital gain in my FSKAX fund in Fidelity is applied to my carry forward losses so that might be another reason to keep the carry forward loss. How do you use capital losses to offset dividends? I don't think it's technically a dividend but a capital gain...
by Cobra Commander
Thu Mar 04, 2021 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Carryforwards
Replies: 29
Views: 1578

Re: Tax Loss Carryforwards

I know for me some portion of the dividend/capital gain in my FSKAX fund in Fidelity is applied to my carry forward losses so that might be another reason to keep the carry forward loss. That said, I have no idea how the fund allocates the portion of the dividend that is a capital gain and how much ...
by Cobra Commander
Sun Feb 28, 2021 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 29
Views: 3012

Re: Can we afford this house?

Our income is a little lower ($250K) but we bought our house for $750K a few years ago and have no problems maxing two retirements + backdoor roths plus $1K per month to 529. We have similar but slightly higher daycare expenses and our spending is otherwise similar to yours. Looks like your property...
by Cobra Commander
Thu Jan 28, 2021 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Resigning from Fed Gov't (not retiring...)
Replies: 18
Views: 1320

Re: Advice Needed: Resigning from Fed Gov't (not retiring...)

I would save every single LES you can get your hands on in case you ever come back. I learned the hard way by not saving my LES from my military time and I lost a little bit of pension time.
by Cobra Commander
Sun Jan 17, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

I've gone ahead and locked with LenderFi last week because they gave me the best offer at the time and rates were trending up. I've noticed in the last few posts that many have locked with 2 lenders, which I thought was not recommended? In any case, I've already submitted all my documents to LF but...
by Cobra Commander
Fri Jan 08, 2021 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Preserving text messages and e-mails for possible legal matter
Replies: 23
Views: 2294

Re: Preserving text messages and e-mails for possible legal matter

You need the electronic documents in their original format, .msg or whatever it might be. Only saving them as a PDF is *not* what you want to do. However, I would still do this (and even shots), as well, just in case; but I'd hold the original formats for a long, long time. I'd likely not even dele...
by Cobra Commander
Fri Jan 08, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis under Biden
Replies: 14
Views: 3061

Re: Step Up Basis under Biden

Folks, this topic shouldn’t be locked. OP asked a question about a death in 2020. That question was answered - 2020 law applies. That’s it. There’s no speculation (and no need for speculation) about potential law changes. OP, hope that your question is answered. If not, please post back. That's not...
by Cobra Commander
Fri Jan 08, 2021 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Preserving text messages and e-mails for possible legal matter
Replies: 23
Views: 2294

Re: Preserving text messages and e-mails for possible legal matter

Did the seller agree to release your escrow deposit? If so, I would check and see if there is a general release of claims that they have to sign. If so, that's the main thing I would hold on to if I were you.
by Cobra Commander
Tue Jan 05, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners Insurance Story: You need to know
Replies: 16
Views: 2781

Re: Home Owners Insurance Story: You need to know

I shopped home insurance rates a few months ago. One neat little trick I noticed is that they typically assume the value of your belongings inside the house will match the value of the structure. However, we are cheap and don't have a lot of expensive furniture... and the rest of stuff is small. So...
by Cobra Commander
Mon Dec 28, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

Has anyone ever worked with AmeriSave and has a good contact they can share? Are they any good? I punched in numbers on bankrate.com to get a sense of what lenders are showing and AmeriSave is showing 2.625 for 575k loan 80% LTV no fees. Thank you! I'm working with them right now. Started about ten...
by Cobra Commander
Mon Dec 21, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

I started the day with the intent of refinancing from my 8 year old, 30 year 2.75% VA fixed to a 15 year fixed at the lowest possible rate with as close to zero closing costs as possible. Most offers are in the 2-2.25% range thus far. As I was collecting estimates for comparison, the bank that refi...
by Cobra Commander
Mon Dec 21, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Any rules of thumb for FERS (federal) retirement?
Replies: 66
Views: 4254

Re: Any rules of thumb for FERS (federal) retirement?

I recall from my retirement seminar that best timing for retirement is mid January after you receive your annual raise. So new salary counts I don't think it counts much does it? I thought they averaged your last 36 months of pay so one or two higher paychecks wouldn't move the needle much esp sinc...
by Cobra Commander
Mon Dec 21, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

I started the day with the intent of refinancing from my 8 year old, 30 year 2.75% VA fixed to a 15 year fixed at the lowest possible rate with as close to zero closing costs as possible. Most offers are in the 2-2.25% range thus far. As I was collecting estimates for comparison, the bank that refi...
by Cobra Commander
Mon Dec 21, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

You at it again Brandon? I got tired of Network Capital playing games and I poked around and reach out to my prior loan officer. Got the same processor too lol. That is crazy, how does Better make any money? Hoping you get a better loan servicer this time. If rates stay low, I will try for my 3rd r...
by Cobra Commander
Mon Dec 21, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

I just need to track down mt2k's broker.... I think the "low" amount hurts somewhat from what I have read in this thread over the past few months. Cross shop the offer elsewhere. I saw Provident Funding offering 2.5% 15-year for $350 in closing costs at $140k and I had Better bring that d...
by Cobra Commander
Mon Dec 21, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and Cons of becoming a Real Estate Agent
Replies: 62
Views: 5822

Re: Pros and Cons of becoming a Real Estate Agent

Why don't more agents hang out a shingle as a broker? I don't see why they give up half their commissions for what appear to be minimal benefits from the broker. Not sure I agree re: agents control over listing the clients see. In this day and age I would expect most clients to use the internet to ...
by Cobra Commander
Sun Dec 20, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and Cons of becoming a Real Estate Agent
Replies: 62
Views: 5822

Re: Pros and Cons of becoming a Real Estate Agent

Why don't more agents hang out a shingle as a broker? I don't see why they give up half their commissions for what appear to be minimal benefits from the broker. Not sure I agree re: agents control over listing the clients see. In this day and age I would expect most clients to use the internet to a...
by Cobra Commander
Tue Dec 15, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Reasons to NOT be paid twice and then give it aaway?
Replies: 51
Views: 2752

Re: Reasons to NOT be paid twice and then give it aaway?

It didn't seem fishy to me. Maybe, for example, OP designed a website for ABLE and BAKER wants the exact same website/layout or maybe OP built a transaction processing system on ABLE's website and BAKER wants the exact same system or some other type of internal software system. Maybe OP designs bro...
by Cobra Commander
Tue Dec 15, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Reasons to NOT be paid twice and then give it aaway?
Replies: 51
Views: 2752

Re: Reasons to NOT be paid twice and then give it aaway?

I can't wrap my head around your feeling that keeping money BAKER wants to pay you is "padding" your salary. Anyway my thoughts are: 1) There may be something very fishy going on at BAKER. At the minimum, it would seem to me possible that as a nonprofit they are breaching some fiduciary d...
by Cobra Commander
Mon Dec 14, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

So far I’m not having a good experience with them. They’ve messed up my monthly payment twice now. Makes you miss WF? Yes, though in all fairness, my loan at WF didn’t have an escrow account which I think is the source of the issues. Mr. Cooper charged me $25 because Network Capital requested a pay...
by Cobra Commander
Mon Dec 14, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

So far I’m not having a good experience with them. They’ve messed up my monthly payment twice now. Makes you miss WF? Yes, though in all fairness, my loan at WF didn’t have an escrow account which I think is the source of the issues. Mr. Cooper charged me $25 because Network Capital requested a pay...
by Cobra Commander
Wed Dec 09, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

Is there a scenario where it would make sense to refinance if we plan to sell within 1-2 years? Currently have 30yr @ 4.75% with $155k remaining. Home value is approximately $260-265k. If it costs you $0 to get a refi at a rate lower than 4.75%, why wouldn’t it make sense?!? Main thing I can think ...
by Cobra Commander
Tue Dec 08, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw
Replies: 21
Views: 1785

Re: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw

A challenge - seems to me. It also varies by state as well. When researching or interviewing such attorneys, I would ask these three questions: 1. What part of your practice is in elder law matters? [You want someone who does this a lot] 2. How long have you been doing elder law? [You don't probabl...
by Cobra Commander
Mon Dec 07, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Running into an issue with my Better.com mortgage. Requesting urgent advice.
Replies: 30
Views: 1987

Re: Running into an issue with my Better.com mortgage. Requesting urgent advice.

Is this a refi or a purchase? It sounds like a purchase but just wanted to confirm. If it is a purchase, I would bump up your interest rate to whatever rate is necessary to get a "no cost" purchase (i.e. lender credits sufficient to cover all transfer taxes/recording fees whatever else th...
by Cobra Commander
Mon Dec 07, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Running into an issue with my Better.com mortgage. Requesting urgent advice.
Replies: 30
Views: 1987

Re: Running into an issue with my Better.com mortgage. Requesting urgent advice.

Is this a refi or a purchase? It sounds like a purchase but just wanted to confirm. If it is a purchase, I would bump up your interest rate to whatever rate is necessary to get a "no cost" purchase (i.e. lender credits sufficient to cover all transfer taxes/recording fees whatever else the...
by Cobra Commander
Fri Dec 04, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Buying Experience
Replies: 65
Views: 4964

Re: First Home Buying Experience

I used a discount broker on the purchase of my house that rebated me 2% of the commission so that's one way to get around these costs on the buyer side. I think when I go to sell I will use either Redfin or a flat fee MLS site. Conversely, I am selling my townhouse in another part of the state for a...
by Cobra Commander
Wed Nov 25, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10217
Views: 734131

Re: Refinance Mega Thread

Curious...what’s the consensus on shopping around on best rates having lenders beat each other’s offer? At what point is asking for counteroffers frowned upon? The problem I found when I was doing this back in July was that lenders wanted a LE dated within the past day but it often took a day for a...
by Cobra Commander
Wed Nov 25, 2020 2:11 pm
Forum: Personal Consumer Issues
Topic: Galaxy A71 or Galaxy S20 FE or something else?
Replies: 8
Views: 651

Re: Galaxy A71 or Galaxy S20 FE or something else?

We recently got the fe. It was on sale at Best Buy for $350. We got two of them. They work just fine for us but we don't use much other than the basics. It is 5g so I won't have to replace it too soon when 5G becomes neccessary. Thank you. It is definitely more powerful of a phone than I need but I...
by Cobra Commander
Wed Nov 25, 2020 8:50 am
Forum: Personal Consumer Issues
Topic: Galaxy A71 or Galaxy S20 FE or something else?
Replies: 8
Views: 651

Re: Galaxy A71 or Galaxy S20 FE or something else?

The FE has a 2-grade higher and possibly 1-generation newer processor. That should stretch out its performance better towards your intended end of life for the phone. Differences in camera module, which you might not be concerned. However FE also has wireless charging, which I find a pretty conveni...
by Cobra Commander
Wed Nov 25, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Galaxy A71 or Galaxy S20 FE or something else?
Replies: 8
Views: 651

Re: Galaxy A71 or Galaxy S20 FE or something else?

If you like sprint/tmobile service the 24 months of bill credits probably do not matter. Options I would look at to get out of the "contract" and be able to go to other carriers : MOTO Power - $179 3 Day Battery https://www.amazon.com/Power-Battery1-Unlocked-Motorola-Camera/dp/B084D89DBF/...
by Cobra Commander
Tue Nov 24, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Galaxy A71 or Galaxy S20 FE or something else?
Replies: 8
Views: 651

Galaxy A71 or Galaxy S20 FE or something else?

Supposedly Sprint is offering me an upgrade with a $500 discount (trade in credit for S7 and some bill credits over 24 months) on Samsung phones (same plan, supposedly no new line). I got the Galaxy A71 from a deal the other day from Samsung for about $140 w/ trade in before I found out about this o...
by Cobra Commander
Fri Nov 13, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

Klangfool, He did say in his original post that living debt-free allowed him to pay off debt. He didn't say how much, but that is important. I think it will be tight, but with that family support for childcare (and likely more $$ in the future), as long as feel they could live in this house for a l...
by Cobra Commander
Thu Nov 12, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How much Housing can I afford?
Replies: 49
Views: 2592

Re: How much Housing can I afford?

What, if anything, are your teleworking options? I am in DC and I rented for the first year or so and went in every day during my probationary period. Then I picked up one day of TW per week and the next year a second. I also changed my schedule so that my TW days are 10 hours long and my office day...
by Cobra Commander
Tue Nov 10, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

We bumped the total budget up to $3,020.65 per month so with our current income that leaves $3,267.72 remaining for the mortgage. The reason we don't have more saved is because the focus until like two months ago was on paying down debt. The current arrangement is that we're living at my MIL's hous...
by Cobra Commander
Tue Nov 10, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

Turtlemilk, There are more seasoned retired folks in this forum. KlangFool KlangFool is right about this, but with all due respect, a lot of the "hard no's" here might be lacking a tiny bit of a perspective. When you're younger and early in your career there are a lot of moving parts and ...
by Cobra Commander
Tue Nov 10, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

This is one of those 'I'm doing something I know I can't do but let me try to justify it and hopefully I'll get some support and that'll build my confidence' plays. Not sure you'll get what you're looking for here. Ditto - It's a no from me. Almost, though I must say I'm surprised by the responses....
by Cobra Commander
Tue Nov 10, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer
Replies: 128
Views: 13634

Re: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer

Lots of suggestions about calling your lawyer which may be a very good idea but be sure that you know what that will cost. Don't assume that the follow up with the lawyer will be included in what you already paid the lawyer. What might seem like a quick question could involve the lawyer talking to ...
by Cobra Commander
Mon Nov 09, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

This is one of those 'I'm doing something I know I can't do but let me try to justify it and hopefully I'll get some support and that'll build my confidence' plays. Not sure you'll get what you're looking for here. Ditto - It's a no from me. Almost, though I must say I'm surprised by the responses....
by Cobra Commander
Mon Nov 09, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6632

Re: House Purchase Sanity Check

What is your plan for when you have the child? If your wife is making $25K per year part time as a (fed?) govt employee she must be working no more than 50% of the hours? Daycare by you is probably going to be at least $1,700 per month and possibly more for an infant so if you plan to do daycare you...
by Cobra Commander
Mon Nov 09, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Banking needs for college student
Replies: 15
Views: 859

Re: Banking needs for college student

Just a thought but if she is living on campus her money needs should be pretty minimal. At least when I was in college we had an ID card that also functioned as a meal punch card and it had "dining dollars" on it that could be used for snacks or additional meals. Presumably she will have e...
by Cobra Commander
Mon Nov 02, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 39
Views: 5407

Re: Baby on the way checklist

Thanks all for the feedback. Already have a camera, but I do need to learn on how to best use it. Should I setup all of this prior ASAP or wait until after the baby arrives? Also, should I see a lawyer prior to getting term life? The insurance agent mentioned this a I may want to setup a trust and ...
by Cobra Commander
Fri Oct 30, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Family finance courses or methods / convincing a spouse (long)
Replies: 84
Views: 5479

Re: Family finance courses or methods / convincing a spouse (long)

I have skimmed thru this thread and do not have all the details, but read the OP initial post and most of his replies. I lived his life with my previous wife only she worked. She had a spending issue. I know she had a spending addiction and my guess is your wife does also. Without a doubt she has a...
by Cobra Commander
Fri Oct 30, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Conservation Easements
Replies: 23
Views: 1576

Re: Conservation Easements

There was a WSJ article on these recently and I think the way it becomes advantageous is they get an appraiser to dramatically overvalue the land. I believe Congress is looking into this now.