Search found 109 matches

by lakja
Sun Sep 20, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 267
Views: 20227

Re: Is Costco worth the $120 membership?

Absolutely not. COSTCO is very inconvenient maybe for you but not for the "unwashed masses" as you call them , too large of servings no problem for me , too large of a store more choices , poorly laid out compared to what? , and their customer service sucks I've always found their custome...
by lakja
Sun Sep 20, 2020 11:32 am
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 267
Views: 20227

Re: Is Costco worth the $120 membership?

Absolutely not. COSTCO is very inconvenient, too large of servings, too large of a store, poorly laid out, and their customer service sucks. You have to show your card to enter the store, getting a cart, pushing the behemoth among the unwashed masses, and then returning the cart is a pain. You’ll wa...
by lakja
Mon Jul 06, 2020 8:53 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 636
Views: 163408

Re: My New Car Buying Tips

RetiredCSProf, It looks like you don't have a lot of leverage because there aren't many cars out there. You do have the leverage of where and when you buy your vehicle. I would pick one, the lease or the purchase and ask for out the door price. I keep financing and trade-ins separate. I want the pr...
by lakja
Mon Jul 06, 2020 8:45 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 636
Views: 163408

Re: My New Car Buying Tips

RetiredCSProf, It looks like you don't have a lot of leverage because there aren't many cars out there. You do have the leverage of where and when you buy your vehicle. I would pick one, the lease or the purchase and ask for out the door price. I keep financing and trade-ins separate. I want the pr...
by lakja
Sun Jul 05, 2020 5:30 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10643

Re: 51 year old physician

I am guilty of long-standing under-accumulating and over-spending. I’ve just turned the corner and am trying to determine how I can get financially free in 10 years with about $2500 per month to invest, so far. Any advice would be greatly appreciated. Not sure how much you have at the moment, but $...
by lakja
Sat Jul 04, 2020 8:23 pm
Forum: Personal Consumer Issues
Topic: Golf club membership - should I?
Replies: 39
Views: 5339

Re: Golf club membership - should I?

I am considering joining a private golf club this summer. I addition to golf, It has swimming and tennis for the family. From a pure dollars and cents standpoint, it will never make sense. I can play really expensive public courses and come out ahead financially. Any perspectives from members of go...
by lakja
Thu Jul 02, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest a Credit Card
Replies: 36
Views: 2581

Re: Please suggest a Credit Card

We are shopping for a new credit card with good rewards. We have Uber Visa through Barclays and "BankAmericard Rewards" and "Travel Rewards" through Bank of America. We used to travel and eat out a lot and Uber visa made it easy to redeem the points for Uber rides, so we mostly ...
by lakja
Tue Jun 23, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto Insurance] GEICO not increasing deductible above $2500
Replies: 6
Views: 645

Re: [Auto Insurance] GEICO not increasing deductible above $2500

Hi all, I have 2 cars covered with GEICO. One of them is new enough that I have collision and comprehensive coverage on it. My current deductible is $2500. I tried to increase it to at least $5000, but GEICO won't allow me to. I find that hard to understand - why wouldn't they allow me to increase ...
by lakja
Thu Jun 18, 2020 5:40 am
Forum: Personal Consumer Issues
Topic: Buy an asset to cashflow new/used vehicle?
Replies: 4
Views: 456

Re: Buy an asset to cashflow new/used vehicle?

We are looking into replacing my wife's vehicle and the idea popped in my head to buy an asset that generates enough income to cover the car payment. Is this a common thing? How much cash would we need to put into something to afford the payment on a 15k-20k vehicle? Suggestions on type of asset to...
by lakja
Thu Jun 11, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10201
Views: 732311

Re: Refinance Mega Thread

beginner wrote: Tue Jun 09, 2020 10:52 pm Locked in 2.5% 15 year from Lenderfi. Credits should cover closing cost so I will only be paying prepaids at closing.

I am coming from a 3% 15 year that I refi'd about 6 months ago with lender fi also.
Who was your loan servicer?
by lakja
Tue Jun 09, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10201
Views: 732311

Re: Refinance Mega Thread

I live in the northern Virginia area and am considering refinancing options. Our current lender is navy federal credit union and am considering refinancing thru them. Also looking at pennymac as a possible lender. Are there other lenders we should look at that service Virginia? Doesn’t seem to be a...
by lakja
Tue Jun 09, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Strategize Our Debt Payoff Please
Replies: 43
Views: 2174

Re: Help Me Strategize Our Debt Payoff Please

Husband just finished grad school and started working. We now have to take care of the debt that we accumulated in the process. We can afford to pay $5,000 a month (possibly a little more depending on life) toward the debt. It’d be nice to have it all paid off at the time when he becomes eligible t...
by lakja
Tue Jun 09, 2020 1:27 am
Forum: Personal Finance (Not Investing)
Topic: What mortgage can we afford?
Replies: 26
Views: 2173

Re: What mortgage can we afford?

Wouldn't a storage unit suffice for your storage needs? Granted, I don't know your area, but my family has stored trailers, large family van and a few other things in a caged in unit just outside of town. And we never used our go carts or dirt bikes in our own yard. But, that was a common thing whe...
by lakja
Mon Jun 08, 2020 10:08 pm
Forum: Investing - Theory, News & General
Topic: Managing sequence of returns risk
Replies: 74
Views: 4868

Re: Managing sequence of returns risk

Pretty simple: 1) Cash buffer to cover 24-36X monthly expenses to mitigate any short term down turns 2) Reduce expenses Ultimately, I’d think you’d want to structure your portfolio in retirement to have adequate liquid funds (cash/short term bonds) to cover expenses through a market collapse and rec...
by lakja
Mon Jun 08, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10201
Views: 732311

Re: Refinance Mega Thread

I live in the northern Virginia area and am considering refinancing options. Our current lender is navy federal credit union and am considering refinancing thru them. Also looking at pennymac as a possible lender. Are there other lenders we should look at that service Virginia? Doesn’t seem to be a...
by lakja
Mon Jun 08, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10201
Views: 732311

Re: Refinance Mega Thread

I’d love to know how everyone is getting these crazy low 30 year, no cost mortgage rates. I shopped around a few different places, and the best I was able to get was 2.75% 15-year with $1700 closing cost, no escrow accounts required. The $1700 basically covers the transfer taxes and the title insura...
by lakja
Mon Jun 08, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: What mortgage can we afford?
Replies: 26
Views: 2173

Re: What mortgage can we afford?

I don’t see why you’d want to pay off the existing loan to rent your current house, so maybe consider keeping the mortgage, especially with the super low interest rate. You’d come close to breaking even with just the SP500 dividends not even including any appreciation. Not sure how long you have rem...
by lakja
Mon Jun 08, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Mortgage or Pay it off
Replies: 5
Views: 394

Re: Refi Mortgage or Pay it off

More information is needed like how much do you already have in retirement assets/pension, other debts/liabilities, income and how much longer you‘re planning to work.

Either way, I’d refinance now as you’re still a year away from receiving the funds.
by lakja
Sat Jun 06, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Federal employees- will mypay allow you to over contribute to HSA?
Replies: 11
Views: 614

Re: Federal employees- will mypay allow you to over contribute to HSA?

Did you make any overpayment for the full year ($7100 family or $3550 individual)? This also includes contributions made by your plan. If the answer is no, then just reduce future contributions to not exceed yearly limits. If the answer is yes, fill this form out: https://www.hsabank.com/hsabank/~/m...
by lakja
Fri Jun 05, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6905

Re: Seller breach of contract on home. I need advise.

What does your realtor say? You have a professional handling things, right? A seller who’s willing to bail over a $3500 difference either knows they can quickly sell it to someone else, or they’re so sick of trying to deal with a difficult buyer that they’re willing to take the risk of relisting. I...
by lakja
Wed May 27, 2020 5:45 am
Forum: Investing - Theory, News & General
Topic: Is Vanguard's money where its mouth is?
Replies: 21
Views: 2012

Re: Is Vanguard's money where its mouth is?

Does a shareholder not reap their profits from the companies they invest in? Are the costs incurred by a business, not costs to the shareholder? No, stocks are priced based on supply/demand. To your second question, again no, shareholders do not incur any costs a business may incur. Not clear to me...
by lakja
Wed May 20, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4708

Re: At 30, what are some key financial milestones I should have hit?

Here are a few: 1) No debt, except mortgage 2) Savings at least matching your annual income 3) Defined retirement goals with an achievable, specific plan to get there I recommend benchmarking your progress to your goal at least annually and adjust as required. For non-financial benchmarks, you shoul...
by lakja
Wed May 20, 2020 7:07 pm
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4881

Re: Retiring fairly young with a govt pension and trying to put together a plan

I find it laughable that people are saying you can’t live on your pension alone. $100k/yr in perpetuity is worth over $2.5M in a portfolio value. If you compare it to the current rate environment, it’s probably closer to $7-8M. Also, you’ve close to $1M in separate accounts with the ability to draw ...
by lakja
Wed May 20, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Options
Replies: 2
Views: 243

Re: Refinance Options

I’d save the 5 grand and take the 1/8% point bump, or just go to a 15 year.
by lakja
Sat May 16, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 4098

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

With the little information provided, I’d keep the car. Selling the car is likely the wrong move because you’re probably significantly underwater with that long of a loan and assuming no/minimal down payment. If you lose your job, you’ll want the extra cash reserves. Might want to consider getting a...
by lakja
Sun May 10, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: Strategy for paying down mortgage
Replies: 22
Views: 1946

Re: Strategy for paying down mortgage

My own decision, in a similar situation, was B. My mortgage was entirely deductible, and when it was down to ten years, it was not worth paying down from ten years to nine. But when it was down to nine years, it was worth paying off in full, because that payoff had an effective duration of 4.5 year...
by lakja
Sun May 10, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loans and Inflation
Replies: 4
Views: 606

Re: Car Loans and Inflation

Here’s the deal, if the calculator is saying in 6 years a $300 payment in 2020 dollars will be $348, then they’re assuming rate of inflation is ~2.5% (348/300=1.16 and then x=(1.16)^(1/6)=1.025. So yes, if you’re getting a 0% loan, you’re making money and the dealer is “losing money.” However, you’l...
by lakja
Mon Aug 19, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 68
Views: 10257

Re: Are we financially okay?

You’re fine. I’d disregard the people advocating paying off the $800k on your mortgage. That’s a great way to lose your liquidity, plus who knows how much longer you’ll be in the house. $800k is generating around $16k/year, which would put a nice dent in your mortgage payment. I would however refina...
by lakja
Sun Aug 18, 2019 8:25 pm
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 2378

Re: Invest or pay off student loans?

4. Least important consideration, but still one nonetheless - student loans have been a huge political hotpoint for years now. On the off chance that someone actually delivers to any extent on "remedying" the student loan crisis, even if it's just a very minor amount of forgiveness, I wou...
by lakja
Sun Aug 18, 2019 6:48 pm
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 2378

Re: Invest or pay off student loans?

This is the cost of law school my friend (it was actually $300k when I graduated, $100k are already gone), and the cost of a $200k/year salary straight out of school. I don't know if it was the correct choice, but this is the one that I (and many others) made. Another consideration is what if you h...
by lakja
Sun Aug 18, 2019 6:25 pm
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 2378

Re: Invest or pay off student loans?

1. My loans are on an income driven repayment plan. For now, this means I'm paying quite a bit each month because I have high income, but were my income to drop substantially, my payments due could drop close to zero. While the debt would not disappear, if I were to be unemployed or low-income for ...
by lakja
Wed Jul 31, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: How am I doing ?
Replies: 17
Views: 2083

Re: How am I doing ?

Also like to add that I am 44 % in US stock, 12 international, 15 bonds and 29% approx in money market overall across all my accounts. From what I have read, this high % of MM is not good, but I never seem to have the courage to go more into stocks. I always fear that a fall is coming . Any suggest...
by lakja
Tue Jan 15, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 7414

Re: A co-worker makes more than me

I realized that a co-worker makes ~10% ($9.5K) more than me. We work closely together and have the same responsibilities. In the next few days, I will be having a discussion with my manager regarding annual compensation/bonus. Is it appropriate to discuss this topic with my manager? and what's the ...
by lakja
Sun Jan 13, 2019 1:55 pm
Forum: Personal Investments
Topic: VWIAX [Vanguard Wellesley Income Fund]
Replies: 9
Views: 2269

Re: VWIAX [Vanguard Wellesley Income Fund]

Hey all, My wife (35yrs) and I will retire in about 5yrs or so. We will have about $72,000/yr in Social Security and retirement/pension checks. Here is our plan. Going to move all to VWIAX and will have at least 8,000 shares. Below is the Dividend/Capital Gain disbributions for 2018. Planning on su...
by lakja
Sat Jan 12, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 2102

Re: ROI calc on grocery expenses

Haha, what you really need to consider is can you afford it, or better yet, what's the lowest ownership cost on buying mac and cheese and how will that impact your ability to FIRE.
by lakja
Thu Jan 10, 2019 7:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard explains the increase in ex-us allocation
Replies: 34
Views: 5275

Re: Vanguard explains the increase in ex-us allocation

It's actually an interesting question on asset allocation for the next ten years. The days of cheap, near zero interest rates are over and we're in a rising rate environment that will lead to P/E contraction. Many leading analyst are basically giving their future 10-year guidance with over whelming ...
by lakja
Wed Jan 09, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off Mortgage...what to do next
Replies: 32
Views: 2916

Re: Paid off Mortgage...what to do next

A lot of information missing here: incomes, retirement assets, taxable account, time to retire, kids, etc... But, I would consider getting a HELOC on your home for an EF. It will provide liquidity in case of emergency and reduce your EF cash needs. Plus, if you have Roth contributions still availabl...
by lakja
Fri Jan 04, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 149
Views: 15237

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

My Son recently graduated with a degree in Industrial Engineering from a highly regarded State University. Due to depression issues, his overall GPA is 2.73. He got the help he needed and was able to pull up his grades the last 2 semesters which averaged 3.375. Unfortunately he has not been able to...
by lakja
Tue Jan 01, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: Wall Street Expert 2019 predictions are above the base rate
Replies: 13
Views: 1390

Re: Wall Street Expert 2019 predictions are above the base rate

columbia wrote: Tue Jan 01, 2019 8:50 am
lakja wrote: Tue Jan 01, 2019 8:46 am Is there a similar post with 2018 results?
You can find them here:
https://www.lostoak.com/ls/diehards/con ... index.html
That's not really what I'm looking for. I'm looking for the analyst predictions.
by lakja
Sun Dec 30, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Mix
Replies: 41
Views: 16193

Re: Credit Card Mix

Any thoughts on the AMEX Blue Cash Preferred card? Groceries are one of my highest expenses but I'm not sure if the $95 annual fee is worth it (compared to other cards). Depends on what your spending looks like. Just run the math on what you typically spend on the bonuses categories and estimate wh...
by lakja
Sat Dec 29, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 73
Views: 9518

Re: Dave Ramsey

Yes, ER is alresdy included in portfolio visualizer results (and every other plot because they are already removed before a fund reports a NAV). And as I mentioned not everyone pays a load on these funds - if you pay a load certainly you would need to account for that for the initial investments. B...
by lakja
Sat Dec 29, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 73
Views: 9518

Re: Dave Ramsey

ER are always included in total return. Whether a load is paid or not depends on the account terms. I agree ER are reflected in total returns, but it’s not clear to me the ER are reflecting total returns in these plots. Also, it’s clear the front load is not being accounted for here. Like I said a ...
by lakja
Sat Dec 29, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 73
Views: 9518

Re: Dave Ramsey

:twisted: No, he does not, he cites AIVSX frequently (which has beaten the S&P I think since 1932 most of which wasn't any time in the last 20 years). His mix of AIVSX/AMCPX/AMRMX/AGTHX for actively managed funds to compare against the S&P has been beaten by the S&P over 10/15 year inter...
by lakja
Sat Dec 29, 2018 12:04 am
Forum: Investing - Theory, News & General
Topic: Complete retracement of period of quantitative easing
Replies: 8
Views: 820

Re: Complete retracement of period of quantitative easing

I think it means that stock prices are going to fragile and volatile. Take a look at the Dividend Growth Model. Major inputs expected growth, long term treasury yield, and required return. QE has forced the risk free rate and the required return to be pretty close together. First, this means higher...
by lakja
Fri Dec 28, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: College Inflation rate?
Replies: 59
Views: 3870

Re: College Inflation rate?

Love it. :beer College tuition seems to be a bubble. It can’t continue like this where only the wealthy can afford to pay for their children’s college education. With two small children myself I’m wondering when it’s going to burst. Technology is a prime catalyst to erode the bubble in college educ...
by lakja
Fri Dec 28, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3866

Re: not funding kid's tuition

Give them the option to go to a community college for two years then transfer to a cheap state school. That helps a significant amount.
by lakja
Fri Dec 28, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: which route is more economical?
Replies: 19
Views: 1533

Re: which route is more economical?

I regularly travel to a particular destination. I would guess I average about one round trip per day (365 round trips per year) but it can vary a lot. Sometimes I will make two or even three round trips per day and other days I will not make any trips at all. (I do try to take the public transit bu...
by lakja
Fri Dec 28, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can my daughter afford
Replies: 52
Views: 4254

Re: How much house can my daughter afford

Mine only pays $1300 with one roommate, not 2-3 roommates even in the Bay Area. The other roommate gets bigger room(perhaps), but she paid less than this last year. However she is now setting her sight on one area. So they’re paying 2600/mo for a 500 sq ft apartment? 2 bedroom, 1 bathroom? Just cur...