Bogleheads.org

FootballFan5548

Thanks for the reply, I should have known the Whole Life response would come.

I do keep $1.5M in term along with the $500k in whole life. I'm not going to increase the whole life amount, but at this point i'm just hanging onto it.

FootballFan5548

First of all, I'd like to say a huge thank you to all of the valuable contributors to this board. I joined nearly 4 years ago (May 1, 2017) and I've learned so incredibly much since then and my personal finance position is light years better than it was because of the valuable input. So a major than...

FootballFan5548

I can't speak to anything recent.... but my wife had an Acura TL, ( I believe it was a 2006) that she loved. It got totaled during Hurricane Sandy, and we bought a new 2013 Acura RDX that we still have today, and I'm the primary driver of. It's got about 75,000 miles on it, but has been absolutely f...

FootballFan5548

We have a Peloton bike, it allows me to compete against others in my age range on the leaderboard, but more than anything it allows me to compete against myself. If my personal record for a ride is 400 (output measured by speed/resistance), some mornings I wake up and challenge myself to try and top...

FootballFan5548

I use Personal Capital, the website aggregating tool. It lists bank accounts (including Money Market accounts) as Cash. It lists everything else as Investments, including the cash I have at Vanguard or Merrill Edge. I basically follow their lead in what I have in "cash" and what I have in ...

FootballFan5548

Yet another where should I park my money for roughly 1 year until we're ready to start a home reno project thread... My story - currently heavily invested, roughly $1.5M NW 78/22 AA, $1M home, owe about 650k on it. I have a small emergency fund of about $35k in Capital One 360 earning .30%. Employme...

FootballFan5548

I'm a huge fan of baseball

FootballFan5548

I can't see a Peloton post and not comment. It has 100% changed my life for the better in so many ways. We received our peloton 367 days ago, on December 13, 2019. I've completed 418 different works outs, (mainly biking and running, lots of strength and stretching as well). My wife has completed 300...

FootballFan5548

What are the distribution requirements? In my experience, they tend to be quite restrictive (e.g., everything distributed to employee the first year after termination of employment, or at best a 5 year stretch, the timing of which you do not control). In other words, this is not like having another...

FootballFan5548

Hi, I have a question I'm wondering if I could get some guidance on. For starters, do any of you guys participate or contribute to a SERP plan? I max out my 401k (19.5) and the company offers a 6% match. I max backdoor Roth and invest in taxable. I also have $$ pulled out every paycheck for ESPP. I'...

FootballFan5548

I just wanted to chime in on this. I work in downtown NYC, and commute from central/coastal NJ. My commute was a very nice one, on a ferry, about an hour door to door each way. Ferry offers coffee, donuts, and a bar on the way home... a great way to go! My company was very old school. I work in the ...

FootballFan5548

So I guess YOU will be getting up at 5 am to walk the dog, huh? +1 I woke up today at 4 am to take the dogs out. +2 ...puppy out at 3:47 a.m. due to nerves and inability to do his business in the pouring rain. Video and take pictures- they’re so cute when they’re tiny with little round heads, and s...

FootballFan5548

Don't do it!!! I kid, kind of. We got a puppy Wheaten Terrier on August 15th. My kids are much younger than yours, 5 and 3. It was my idea, my wife was against it, and truthfully she was right, it wasn't good timing for us. That said, we've had the little bugger now 2.5 months, and he's growing on m...

FootballFan5548

It's been almost 2 months and still going strong on the bike. Legs/lungs feel strong and for the 1st time in many many years, I am starting to see my ab muscles again! Best investment ever. We received our Peloton mid-December of last year, just before Christmas. I needed to do something... I was u...

FootballFan5548

I wish I was able to help, but i'm in the exact same boat. I ordered something, unbeknownst to me it was shipping internationally, it made it to the Chicago (ISC - whatever that means) post office, On August 10th, and it hasn't budged from there since. No clue what to do, very annoying.

FootballFan5548

I'm the same age as you (36), My wife (36) and I have 2 kids like you do, 5 and 3. We have more net worth, roughly $2M. And respectfully, (not trying to be a jerk) I think you're insane. This is a poor plan. Who cares what some online retirement tool says. Work another ten years, retire still very e...

FootballFan5548

Just to add to the list of refi stories, I just closed yesterday on my refi. Original Loan: April 2016, 3.375% 30 yr fixed, 780k principal, Chase was processor,$ 3,448 P&I New Refi Loan: 7/23/20, 2.99% 30 yr fixed, 675k principal, United Wholesale Mortgage, through a broker NO FEES, 2,848 P&...

FootballFan5548

Just to add to the list of refi stories, I just closed yesterday on my refi. Original Loan: April 2016, 3.375% 30 yr fixed, 780k principal, Chase was processor,$ 3,448 P&I New Refi Loan: 7/23/20, 2.99% 30 yr fixed, 675k principal, United Wholesale Mortgage, through a broker NO FEES, 2,848 P&...

FootballFan5548

After three years, I consider our Peloton among the best purchases of my life. My wife and I each use it 4-5 times a week, and even before the pandemic, it helped us manage stress and live healthier. I particularly recommend it to working parents and/or single parents. My wife and I both work prett...

FootballFan5548

I have a 5 year old and 3 year old and I'd like to take a sabbatical from them if possible after working from home for past 4 months straight!

FootballFan5548

We bought ours and had it shipped in mid-December last year. Luckily we got it right before the shutdown and have been using it a ton. My wife was never a big cardio person, she loved barre classes and stretching stuff, but not as much cardio, and she loves it. (we're 37 for what it's worth) I perso...

FootballFan5548

We’re planning a cross-country trip. Planning on renting a high-end RV through Goss. Yes, I know it’s expensive. Any advice? Please assume that I know nothing about this. How does insurance work? How do RV parks work? Driving and parking inside a city? We aren’t really into camping, and we’ll proba...

FootballFan5548

Can someone explain prepaids to me? I'm working with a broker. Original loan 3.375% on 780k 4 years ago. I have paid extra principal and have $677k remaining on loan. Payment is 3448/month New refi option - 3% 30 year, no fees/no cost. Lender credit matches up dollar for dollar on all costs, (title...

FootballFan5548

Can someone explain prepaids to me? I'm working with a broker. Original loan 3.375% on 780k 4 years ago. I have paid extra principal and have $677k remaining on loan. Payment is 3448/month New refi option - 3% 30 year, no fees/no cost. Lender credit matches up dollar for dollar on all costs, (title,...

FootballFan5548

I agree with the poster above who mentions your mortgage rate. You could refi that to a new 30 year at 2.875% and save a bunch per month. Your duration would of course increase, but you could pay more to it when you wanted. This would free up a bunch of cash flow. Alternatively, you could just pay o...

FootballFan5548

Very helpful, thank you guys.... really appreciate the responses. Puts me at ease a bit.

FootballFan5548

I was locked and ready to close with a NJ based mortgage broker. He had me locked in a 3.125% with no fees or costs. I saw an advisement from JFQ Lending, and they said the could get me 3.00% with no fees at all. I asked if they sell the mortgage and to whom, and they said United Wholesale Mortgage,...

FootballFan5548

This might come off as a bit cheesy, but this worked for us so I figured I'd mention it. Enclose a personalized letter (possibly with photo if you're a nice young family with young kids, etc). We bought our house in a very tight housing market in 2016 in a great school district in the North East. Si...

FootballFan5548

I've got about $50k emergency fund with CapOne360 MM. I'm annoyed to see the rate tumble, but I think that's just the way interest rates are right now. I have a very small amount in the TIP ETF at Merrill Edge. Should I take most of my emergency fund and move it over to the TIP ETF? I do most of my ...

FootballFan5548

Anyone have any luck getting 3% or better on a jumbo 30yr fixed refi? I'm 75 LTV and located in IL. Lenderfi, Better, etc are higher than my current rate (3.625%). My guy at Chase is quoting me about the same as my original rate when I check in with him. I'm using a broker, he's got me locked in at...

FootballFan5548

I use Merrill Edge and BOA.
I have a 1/2 my emergency fund in TIP ETF, (inflation adjusted short bonds), and the other 1/2 in Capital One Money Market earning small amount

FootballFan5548

We are in very similar places and I was going to write a post asking this very question today. I'm meeting with my mortgage guy this afternoon to talk through options. My current loan - 4 years into a 30 year fixed. Original loan - 780k Current outstanding - 680k (paid about 30k of extra principal) ...

FootballFan5548

I did well with Chevron years ago... I've held XOM for many years, and I'm currently well underwater. I bought up a bunch of it on Thursday last week, it quickly went up 11% on Friday and I felt great..... of course it's back down nearly 5% today. I'll buy and hold it and hang onto it... it's not a ...

FootballFan5548

For years I've held big chunk of VFORX, target retirement fund, in taxable. Before I knew much about investing I automatically bought into that fund every 2 weeks for about 5 years.. it added up quickly and was close to my largest holding. SInce being a Boglehead I've known that target date funds in...

FootballFan5548

I own my company stock in my regular brokerage account. Long story short but we were acquired 3 years ago and it was a cash/stock transaction I ended up with a large chunk of the new company stock. New company stock has been tanking and is down about 35% currently (was up about 30% recently, so a 60...

FootballFan5548

We have an Epson WorkForce WF-3640, printer/scanner/copier in one. We've been very happy with it. It's all on wifi and you can print easily from your iPhone and computers hooked up to the network

FootballFan5548

Ramjet wrote: ↑Wed Apr 01, 2020 12:30 pm 36 and 100% equities

Just curious, I'm the same age... do you keep an Emergency Fund that's sizeable?

FootballFan5548

Age 36, Married, 5yr old and 2 yr old. AA was 78/22, drifted to about 74/26. I've been buying equities the past couple weeks with early March bonus payment, but feel like it's catching a falling knife. Net worth (including home) was about $1.5M, down to $1.2M at the moment. Have about 50k EF. I'm tr...

FootballFan5548

My biggest issue is my kids.... I've got a 5 year old who for the most part can watch a show or play or entertain themselves... But I've got a 2 year old who needs constant entertaining. Maybe a show will lock him down for 10 mins, then he's wandering the house looking to destroy things or jump off ...

FootballFan5548

There are people who "lost" way more than $24k today... there are people on this board who probably lost $240k today. Not to mention the thousands of lives lost already.... all you can do is stay the course and hope for the best.

FootballFan5548

I wonder what percentage of people have more than one cut on their hands... I hope not. They have more problems than a market fall. :shock: Oh wait, I see what you meant :oops: I'm guilty of catching this knife a few times the past week or so... I've been making some buys along the way down... I mi...

FootballFan5548

My 401k doesn't have a total stock market fund. So within my 401k I have 80% S&P 500 fund and 20% Extended market small/midcap fund. Both funds have very low fees.

Outside of my 401k, I use Vanguard Total Stock for all stock holdings.

FootballFan5548

I have no advice other to say that I will pray for you and your family. It's got to be every parent's worst fear. There are support groups available and I'd say to take advantage of them. The American Cancer Society can put you in touch with other families like yours to share their experiences. I kn...

FootballFan5548

I just wanted to thank OP for posting this because it prompted me to contact my auto insurance carrier State Farm. Instead of actively shopping them, I basically called to haggle on a few things at renewal and just saved $78 on my 6 month renewal. It was about a 5 min phone call and saved me some mo...

FootballFan5548

Is that the case if it's an automatic transaction every two weeks? I thought the wash sale was only traditional buys and sells. My payroll automatically deducts every two weeks.

FootballFan5548

My company offers a very solid ESPP. You can purchase (at full price) from your paycheck and the company will match 30%. So if you say wanted to buy shares every paycheck at 5% of your paycheck, the company will match with an additional 30%. You are fully vested every February in both your own purch...

FootballFan5548

I work in the commercial insurance business. I have a team of 10 people reporting to me. 4 of the 10 this year have come to me with offers from competitors or very serious interest from competitors. Usually those offers were well above what they make right now. In 3 of the 4 cases we either matched ...

FootballFan5548

This is devastating, I'm so sorry to hear this. I wish nothing but the best for your friend and his family. I couldn't even imagine. https://www.cancer.org/ I would get to know this website and have your friend call the hotline. The American Cancer Society (of which i'm a donor) is a great organizat...

FootballFan5548

Today I received a retention bonus from my employer of roughly $50k after taxes. I plan to pay down small credit card balance and pay my quarterly real estate taxes which combined will chew up $10k of the $50k. I will add another 10-15k to my emergency fund at Capital One getting 2% which should ma...

FootballFan5548

This is basically yet ANOTHER market timing thread. I realize everyone says their scenario is different and ultimately they all come back to classic market timing. I'm being pretty open about the fact I realize what i'm asking is classic market timing. Today I received a retention bonus from my empl...

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