Search found 4010 matches

by simplesimon
Mon Jun 21, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Make Contractors / Housekeepers Sign Liability Contracts?
Replies: 7
Views: 711

Re: Do You Make Contractors / Housekeepers Sign Liability Contracts?

The thought never crossed my mind. I do have umbrella though.
by simplesimon
Mon Jun 21, 2021 10:14 am
Forum: Personal Finance (Not Investing)
Topic: SFH, No Mortgage - Insurance?
Replies: 7
Views: 519

Re: SFH, No Mortgage - Insurance?

Can you afford to replace the house in the event of a fire? If not, you need homeowner's insurance. I do plan on getting home owner's insurance. The question is do I need the standard home owners' insurance that people get with a mortgage? Or should I be looking at something special? Right now, I d...
by simplesimon
Mon Jun 21, 2021 7:48 am
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 109
Views: 9094

Re: What pitfalls do even smart people make when buying a home?

OP, 1) Spend too much on the house. Then, they have to co-sign a student loan for their kids. 2) Spend too much on the house assuming that they will be fully-employed continuously until retirement age. Then, they became permanently unemployed or under-employed in their 40s and 50s. 3) Spend too muc...
by simplesimon
Thu Jun 17, 2021 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)
Replies: 13
Views: 1344

Re: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)

Noobvestor wrote: Wed Jun 16, 2021 10:02 pm P.S. I could also take out a mortgage, but am inclined to pay cash for simplicity and to seal the deal more definitively and quickly.
Based on your post is paying cash really that simple?

When you say seal the deal more definitively are you worried about not being able to get a mortgage?
by simplesimon
Thu Jun 17, 2021 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Should you view an available pension as a reduction in salary?
Replies: 29
Views: 2140

Re: Should you view an available pension as a reduction in salary?

Is it better to take a pension with COLA at the earliest date and then find employment elsewhere at atleast the same salary. When will you retire? When will you die? For most people in the situation you outlined it's better to keep working for the same employer because the increase in benefit in fu...
by simplesimon
Wed Jun 16, 2021 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Should you view an available pension as a reduction in salary?
Replies: 29
Views: 2140

Re: Should you view an available pension as a reduction in salary?

You may not be seeing a benefit directly in the form of cash during the working years but that growth in pension value can be tremendous. Using your numbers on immediateannuities.com, the pension is worth approximately: $590k at age 50, $1.0m at age 55, and $1.4m at age 60. So your annual compensati...
by simplesimon
Mon Jun 14, 2021 8:00 am
Forum: Investing - Theory, News & General
Topic: Using Home Equity
Replies: 17
Views: 1606

Re: Using Home Equity

Due to recent run up in home prices, like everyone else, I am sitting on excess home equity. Since it is not possible to sell the home, is there a way to utilize the equity? A cash out refi can be done, but how would one get a return greater than mortgage rate post tax? Investing in stock markets d...
by simplesimon
Fri Jun 11, 2021 8:59 am
Forum: Investing - Theory, News & General
Topic: Borrowing against company stock for living expenses
Replies: 11
Views: 1151

Re: Borrowing against company stock for living expenses

Is there a poor man's version of doing this with a HELOC?
by simplesimon
Thu Jun 10, 2021 10:49 am
Forum: Personal Consumer Issues
Topic: Rowing Machines- Home Use
Replies: 47
Views: 2827

Re: Rowing Machines- Home Use

I have a C2 as well and it's great. My favorite part is the community and company support as it gives me confidence it will last me a while. I had to stop rowing this spring due to lower back and hip pain. It is likely that I need to revisit my form. Can someone recommend good resources for learning...
by simplesimon
Wed Jun 09, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Third Federal HELOC... Does it usually take this long?
Replies: 9
Views: 862

Re: Third Federal HELOC... Does it usually take this long?

I'm in the early stages, I submitted an app a couple of weeks ago. They quoted me 75 business days originally but then I got a follow up email that it may "take longer than originally anticipated". I don't need the funds...still optimistic this will eventually happen.
by simplesimon
Wed Jun 09, 2021 7:50 am
Forum: Personal Consumer Issues
Topic: Home Gym or “Real Gym”
Replies: 94
Views: 5549

Re: Home Gym or “Real Gym”

Lucky2Invest wrote: Tue Jun 08, 2021 10:20 pm But I also don't want to spend $1K on dumbbells...how do people manage the dumbbell issue?
I don't have dumbbells and don't program dumbbells, so no issue. What're you trying to do with dumbbells that you can't do with a barbell?
by simplesimon
Wed Jun 09, 2021 7:41 am
Forum: Personal Consumer Issues
Topic: Home Gym or “Real Gym”
Replies: 94
Views: 5549

Re: Home Gym or “Real Gym”

I do mainly barbell lifts and a home gym was something I always wanted as gyms in my area are either cheap, ill-equipped, and crowded, or cost $150+/month. Fortunately, I was able to buy a house with a nice size garage pre-COVID and immediately built a 8'x8' platform and ordered a squat rack, barbel...
by simplesimon
Mon Jun 07, 2021 8:56 pm
Forum: Personal Consumer Issues
Topic: Home Gym or “Real Gym”
Replies: 94
Views: 5549

Re: Home Gym or “Real Gym”

Lucky2Invest wrote: Mon Jun 07, 2021 8:46 pm I can make a pretty good home gym for about $1K so not really worried about the cost…more the effort and pain of then getting rid of it if it doesn’t woek
I have little doubt you'll have people willing to pick stuff up from your house if you decide to get rid of the gym.
by simplesimon
Mon Jun 07, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Requesting Help with 2 Long-term DI Insurance Quotes
Replies: 7
Views: 657

Re: Requesting Help with 2 Long-term DI Insurance Quotes

Do they cost the same? I'm not sure that retirement contributions are really necessary as a serious disability would force you to retire anyway. I think an unlimited mental health disability policy would be a significant improvement. Do work with someone who can give you a bunch of options. The abov...
by simplesimon
Sat Jun 05, 2021 1:42 am
Forum: Personal Investments
Topic: I just turned 40. What should I do?
Replies: 10
Views: 2987

Re: I just turned 40. What should I do?

Do you have disability, term life, and umbrella insurance?

Do you have an estate plan?
by simplesimon
Tue Jun 01, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance -BMI issue
Replies: 9
Views: 1220

Re: Life insurance -BMI issue

I got my policy through Health IQ. I'm a similar build. I got one level better with PacLife than I would've with other insurers. Definitely get that medical exam since it should help if you have good numbers.
by simplesimon
Tue Jun 01, 2021 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Official HELOC (Home Equity Line of Credit) thread
Replies: 42
Views: 4554

Re: Official HELOC (Home Equity Line of Credit) thread

I just completed a HELOC with Third Federal. My house is in a living trust. I just filed the necessary deed with the county to take the house of the trust, get the loan, and I'm just now filing the paperwork to put it back into the trust. It cost a few hundred bucks for my lawyer to draft the paper...
by simplesimon
Fri May 21, 2021 1:55 pm
Forum: Personal Consumer Issues
Topic: Pour Over Coffee & Bean Grinders
Replies: 49
Views: 4538

Re: Pour Over Coffee & Bean Grinders

I just started getting into coffee and found this thread. All the suggestions are great and I started out with the plastic one-hole Melitta brewer. I have a couple friends who are into it and was lucky enough to get some free gear from them (high quality hand grinder, a chipped ceramic V60, and an A...
by simplesimon
Thu May 06, 2021 8:25 am
Forum: Personal Investments
Topic: Anyone regret choosing Interest Only Mortgage?
Replies: 22
Views: 2097

Re: Anyone regret choosing Interest Only Mortgage?

Anybody who's been a borrower over the last 10 years will not tell you they regret an IO mortgage as rates have only gone down.
by simplesimon
Thu Apr 22, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10601
Views: 786139

Re: Refinance Mega Thread

Absolutely. I think it's very attractive. You're getting a similar rate as a 15-year fixed, maybe even a bit better, but you only have to make payments corresponding to a 30-year term. And 10 years is a long time; many people won't have the house for longer than that. This 10/1 is exactly what I wo...
by simplesimon
Wed Apr 21, 2021 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10601
Views: 786139

Re: Refinance Mega Thread

presto987 wrote: Wed Apr 21, 2021 10:34 am
simplesimon wrote: Wed Apr 21, 2021 10:31 am Someone local to me told me he got an offer from Loan Depot for a 10/1 ARM with a 2.125% rate no-cost.

Is anybody else seeing something similar?
Yes, if I do a search on Bankrate.com, I see that option.
Does this option interest anybody?
by simplesimon
Wed Apr 21, 2021 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10601
Views: 786139

Re: Refinance Mega Thread

Someone local to me told me he got an offer from Loan Depot for a 10/1 ARM with a 2.125% rate no-cost.

Is anybody else seeing something similar?
by simplesimon
Mon Apr 19, 2021 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially Buying a New Home and Need Guidance
Replies: 30
Views: 1804

Re: Potentially Buying a New Home and Need Guidance

Personally, I don't think you should liquidate any assets except to the extent required for the downpayment on the second home. There's no point in paying capital gains and eliminating a significant chunk of your liquidity to keep the mortgage at some arbitrary level. I didn't see your income menti...
by simplesimon
Fri Apr 09, 2021 8:50 am
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7699

Re: How to lose the desire of outperforming the market?

I think most people are bad at assessing risk. Agreed. It's one thing to see your stocks fall by 50%. It's another thing entirely to see your stocks fall 50% when your friends are losing their jobs, and/or you lose your job, the news is all about how Great Depression Part 2 is around the corner, et...
by simplesimon
Thu Apr 08, 2021 5:10 am
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 46
Views: 3610

Re: Mutual Bank Conversion IPO

https://www.businesswire.com/news/home/ ... t-To-Merge

It will be interesting to see where the bank goes from here.
by simplesimon
Mon Mar 29, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 257
Views: 27298

Re: High spenders what do you spend on?

Recently we have seen some posts of folks spending $150-$200k/yr, excluding housing, college tuition and daycare . If you fit this description, I’m genuinely curious, what are you actually spending your money on? For reference my HHI is $700-800k, excluding housing and daycare and charity, my spend...
by simplesimon
Tue Mar 16, 2021 8:28 am
Forum: Personal Investments
Topic: Approaching Income Limit for Roth IRA Contributions - What are my options?
Replies: 7
Views: 626

Re: Approaching Income Limit for Roth IRA Contributions - What are my options?

If you have the money to do so, max the 401K to get back under the limit and then max the Roth. If you think salary increases or bonuses may still put you over, just hold off on contributing to the Roth until next year...waiting one year to contribute $6k is not a big deal.
by simplesimon
Fri Mar 12, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is my mortgage lender jerking me around?
Replies: 13
Views: 1327

Re: Is my mortgage lender jerking me around?

Needed a lock on day one.
by simplesimon
Fri Mar 12, 2021 3:29 pm
Forum: Investing - Theory, News & General
Topic: Bonds in free fall
Replies: 693
Views: 61507

Re: Bonds in free fall

I've been in ~25% TBM this whole time. I didn't read all the posts - are people changing their bond holdings or allocations?
by simplesimon
Thu Jan 21, 2021 10:37 am
Forum: Personal Finance (Not Investing)
Topic: PPP 2 (and 1) applications open at Chase
Replies: 7
Views: 641

Re: PPP 2 (and 1) applications open at Chase

Can people share when they submitted an application, to which lender (PayPal, Chase, community/regional bank, etc), and how long it took to get it approved and funded? I'm thinking along similar lines as the Refinance Mega Thread. A relative has a sole prop and submitted an application on 1/17 to a ...
by simplesimon
Mon Jan 18, 2021 3:34 pm
Forum: Personal Consumer Issues
Topic: Let's play chess
Replies: 151
Views: 12221

Re: Let's play chess

theDON2050 wrote: Mon Jan 18, 2021 11:36 am I'm actually in the market to buy a chess board. Sort of like the idea of being able to fold it up to carry it to a friend's house. Any recommendations?

I think if I keep it under $60 I would keep the wife happy...
Look up Wholesale Chess. I just ordered a set from there.
by simplesimon
Sat Jan 16, 2021 9:11 pm
Forum: Personal Consumer Issues
Topic: Let's play chess
Replies: 151
Views: 12221

Re: Let's play chess

This thread finally got me to watch the first episode on Netflix as well as order a set from Wholesale Chess.
by simplesimon
Sat Jan 16, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance
Replies: 7
Views: 933

Re: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance

Just follow your banker’s directions and answer honestly and you’ll be fine. Loan and forgiveness are almost automatic assuming there’s sufficient funding from the government.
by simplesimon
Fri Jan 15, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Property taxes - Did I cause more harm than good?
Replies: 18
Views: 1708

Re: Property taxes - Did I cause more harm than good?

Is the tax assessor's value higher than $880k? If not, then you won't have much of an argument.
by simplesimon
Fri Jan 15, 2021 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6756

Re: Should I walk away from nice pension? Is it worth it?

It may help to provide more numbers to better quantify the trade-off. I went to immediateannuities.com to price a SPIA for a 52-year old that pays $4,700/month (assuming you make $75k/year when you retire x 75%). It would cost $1.3 million. Throw that figure into a financial calculator with an assum...
by simplesimon
Fri Jan 15, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9813

Re: YOLO vs BH

I feel similarly and find the behavioral economics fascinating. These kinds of threads never appear when the stock market is tanking.
by simplesimon
Fri Jan 15, 2021 2:06 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9284

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

No one can tell you what the "correct" allocation is, but yours doesn't look unreasonable. I prefer the simplicity of a 3-4 fund portfolio.

Since you have multiple budgets and seem like a planner, I'm sure you'll be fine. Good luck with everything.
by simplesimon
Fri Jan 15, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance
Replies: 7
Views: 933

Re: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance

With net profit of ~$50k on Schedule C, you can expect the loan amount to be ~$10k. Sounds like you didn't get a PPP loan in 2020 so you can apply for First Draw (~$10k). Then if you can provide evidence of quarter-over-quarter decline in revenue of 25%, then you will may be eligible for Second Draw...
by simplesimon
Thu Jan 14, 2021 8:15 pm
Forum: Personal Consumer Issues
Topic: Non-Poaching agreements, do you block former co-workers on Linkedin?
Replies: 19
Views: 2453

Re: Non-Poaching agreements, do you block former co-workers on Linkedin?

Is this legal? Is it enforceable? It's legal but difficult to prove and enforce. I worked for a new president that joined my company from a competitor and within the first six months he brought over at least three or four executives from the competitor. Rumor was that the competitor threatened lega...
by simplesimon
Thu Jan 14, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Fitness Rowers: Hydrow vs Concept 2
Replies: 34
Views: 2575

Re: Fitness Rowers: Hydrow vs Concept 2

What I like about Concept2 the most is that it's very established, the products have proven longevity, and when one does need support in fixing or maintaining their rower, the company has an excellent track record at doing so for a very low cost.
by simplesimon
Thu Jan 14, 2021 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone find 100% remote job based in HCOL area? How was the salary?
Replies: 13
Views: 2631

Re: Anyone find 100% remote job based in HCOL area? How was the salary?

phxjcc wrote: Thu Jan 14, 2021 3:40 amI would advise young Professionals to consider LAX/SFO/NYC to build up the total comp history on their C.V.
One doesn't necessarily need comp history...just know what the market value is.
by simplesimon
Tue Jan 12, 2021 8:31 am
Forum: Investing - Theory, News & General
Topic: 2020 was a great year for individual stock pickers
Replies: 63
Views: 4921

Re: 2020 was a great year for individual stock pickers

two sides of every trade. for every winner, there has to be a loser. zero sum game. Not so. If I sell X stock at a profit, why would the buyer be a loser? Perhaps it went up after the buy and they then sold it. And so on. If you buy are you on the losing side? If you sell are you on the losing side...
by simplesimon
Mon Jan 11, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 192
Views: 22798

Re: just a general comment about "too conservative" investors here

Maybe I just lack the courage to do what it takes to make real money. https://i.imgur.com/OVPZAGw.png Same... I saw that earlier today, and I was like "Well done". I think this is fake because 1) who has the discipline to hold for that long unless that dollar amount is meaningless and 2) ...
by simplesimon
Sat Jan 09, 2021 9:25 am
Forum: Personal Consumer Issues
Topic: Is working overrated?
Replies: 31
Views: 1968

Re: Is working overrated?

I would prefer less people feel this way so that my portfolio can keep growing.
by simplesimon
Thu Jan 07, 2021 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does a side home rental count for PPP2?
Replies: 9
Views: 710

Re: Does a side home rental count for PPP2?

Sorry to hear about your situation. I don't believe landlords were eligible for PPP1 and that criteria hasn't changed for PPP2.

Is your physician income W-2 or something else? May qualify for PUA or PPP if not W-2.
by simplesimon
Thu Jan 07, 2021 1:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15807
Views: 1234099

Re: U.S. stocks continue to soar!

Wouldnt want to be the guy sitting on cash right now No kidding. Hard to imagine being someone who got out in March or April fearing a double dip. Value, momentum and international up 50-80% since then :moneybag I have a friend that did exactly this in May...called it a "bull trap" or som...
by simplesimon
Thu Jan 07, 2021 9:23 am
Forum: Investing - Theory, News & General
Topic: International stocks will outperform US stocks in 2021
Replies: 71
Views: 7793

Re: International stocks will outperform US stocks in 2021

I gotta say, I am tempted to bump my ex-U.S. allocation from 30% to 35-40% of equities. I've held 30% as long as I've been investing. I chose 30% because that is what many Bogleheads recommended at the time. At that time, Vanguard and others were all around 20%, if I recall. Now they're all 35-40%....
by simplesimon
Thu Jan 07, 2021 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10601
Views: 786139

Re: Refinance Mega Thread

Hey all. Grateful for the advice and knowledge I got on this forum. Definitely helped me find a deal I’m happy with. I’m locked in and going to move forward with LF. Happy with them so far. Loan stats: 2.625%, 30 yr FRM, closing costs 275, no escrow, appraisal waived Amount: 270,000 LTV: 72% Locati...
by simplesimon
Wed Jan 06, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15807
Views: 1234099

Re: U.S. stocks continue to soar!

At around this time last year I felt like paying a little bit more towards my mortgage with new money. Starting to feel that again. You and me both. And yes, right around this time last year for me too. I ultimately ended up sticking with my 80/20 AA and will do the same again. You know, the warm a...
by simplesimon
Wed Jan 06, 2021 1:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15807
Views: 1234099

Re: U.S. stocks continue to soar!

At around this time last year I felt like paying a little bit more towards my mortgage with new money.

Starting to feel that again.