Search found 1679 matches

by Goal33
Thu May 06, 2021 8:41 am
Forum: Personal Investments
Topic: Anyone regret choosing Interest Only Mortgage?
Replies: 22
Views: 2050

Re: Anyone regret choosing Interest Only Mortgage?

simplesimon wrote: Thu May 06, 2021 8:25 am 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.

Exactly. It’s been the good move for a while now. Whether it will be in the future, who knows?
by Goal33
Mon May 03, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1.75M house?
Replies: 22
Views: 3292

Re: Can we afford a $1.75M house?

I think you can do it but you're putting too much money down.
by Goal33
Thu Apr 29, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage before selling
Replies: 2
Views: 415

Re: Payoff mortgage before selling

It won’t complicate things, but you won’t save money at settlement.
by Goal33
Mon Apr 26, 2021 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for and paying for a $5m house
Replies: 68
Views: 8638

Re: Saving for and paying for a $5m house

2 things... 3 years? long time to delay your life. Just get a normal house now. Upgrade later if you decide.

Better start having those kids too, before it's too late.
by Goal33
Sat Apr 24, 2021 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Home Sale Regret
Replies: 37
Views: 6316

Re: Home Sale Regret

Add it to the list. Relatively small loss.
by Goal33
Fri Apr 23, 2021 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Selling townhouse - to stage or not?
Replies: 51
Views: 3996

Re: Selling townhouse - to stage or not?

Make the agent pay for it if you didn’t already negotiate their rate.
by Goal33
Tue Apr 20, 2021 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Received a "surprise" $13,000 IRS refund check on 2018 taxes. Please advise.
Replies: 59
Views: 6599

Re: Received a "surprise" $13,000 IRS refund check on 2018 taxes. Please advise.

You got the correct advice to pull a transcript. Let us know what you find out.
by Goal33
Tue Apr 20, 2021 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 6882

Re: How Long Would You Stay in a Boring Government Job?

Are you asking me?

I'd say in the government position until I retire. Sounds like there's no pension?

How about you stay in until the retirement vests fully... I know it's a small number, but it's a milestone to hit. Revisit then?
by Goal33
Tue Apr 20, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Federal E-File rejected due to Duplicate 1099-R
Replies: 59
Views: 4394

Re: Federal E-File rejected due to Duplicate 1099-R

I'll solve this problem next year by converting to Roth IRA on different days... an extra few days in one account will be a few extra cents. Kind of silly, but should solve the problem this time.
by Goal33
Tue Apr 20, 2021 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Down Jumbo
Replies: 8
Views: 826

Re: 10% Down Jumbo

I know Chase private client does it with 15% down. Citi does 10.01% No PMI for either. I disagree with jumbo underwriting being extremely painful. I found it to be a lot easier. I started at a jumbo and paid it down last year to get within the super conforming limits to reduce rate. The jumbo was a ...
by Goal33
Tue Apr 20, 2021 1:29 am
Forum: Personal Consumer Issues
Topic: swapping honda odyssey to a new one
Replies: 30
Views: 2614

Re: swapping honda odyssey to a new one

Reset warranty, wear and tear on tires and breaks. New car smell. I’d probably do it even though it’s annoying.
by Goal33
Sun Apr 18, 2021 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Federal E-File rejected due to Duplicate 1099-R
Replies: 59
Views: 4394

Re: Federal E-File rejected due to Duplicate 1099-R

Op here. TT had several issues this year. I personally ran into these three: 1) 1098 from different refinances had to be manually added up, otherwise you could hit pro-rata of deductible interest (https://ttlc.intuit.com/community/loans/help/what-do-i-do-if-i-have-multiple-1098s-from-refinancing-my...
by Goal33
Sun Apr 18, 2021 11:08 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 100
Views: 12022

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

I think investment wise it’s the same, but it’s hard to get to 20 million just as a worker. So usually if you have 20 million it’s in some type of non-3 fund type investment so unwinding it could be more complex as opposed to investing ongoing wages.
by Goal33
Mon Apr 12, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi refinance experience -- not so good
Replies: 22
Views: 1486

Re: LenderFi refinance experience -- not so good

I also had a bad experience. But it was the loan processors fault for not requesting what she needed upfront (which should be obvious to a mortgage professional), so I had to go back and forth with underwriting and it caused delays. The delays were stressful because we were trying to switch jobs and...
by Goal33
Sun Apr 11, 2021 11:29 pm
Forum: Personal Investments
Topic: Mortgage Payoff vs Taxable Account - What else should I consider?
Replies: 59
Views: 5583

Re: Mortgage Payoff vs Taxable Account - What else should I consider?

Refinance at the same rate for a 15 year fixed. It’ll pay off right around your retirement target date.
by Goal33
Fri Apr 09, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3637

Re: Remodel during housing hysteria?

Sounds very stressful for a project that will go over budget, disrupt your living, and not result in even breaking even on the cost.

I'm for the do nothing or move (not an option you mentioned).
by Goal33
Thu Apr 08, 2021 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 82
Views: 4640

Re: Tax bill split between spouses

On another note... you know this is controversial and tbh splitting finances like this is crazy to me. So do you make your wife Venmo you half the bill when you swing gas up or go through the drive thru or you order separately? Best of luck to ya. Somewhat related... we have friends that do this as...
by Goal33
Thu Apr 08, 2021 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10305
Views: 748598

Re: Refinance Mega Thread

Anyone been actively looking at rates for conforming no-cost 30 year mortgages? Interactive Mortgage has a rate of 2.75% posted on their website (listed as 2.75% rate and APR). A few days ago it was 3.125%. Two questions: 1. Are the mortgages from Interactive Mortgage really no-cost (other than hig...
by Goal33
Thu Apr 08, 2021 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 82
Views: 4640

Re: Tax bill split between spouses

Given the income disparity I think you should be paying something like 100% of the taxes and also giving her an earned income tax credit.
by Goal33
Wed Apr 07, 2021 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: IRS disallowed my claim
Replies: 10
Views: 2453

Re: IRS disallowed my claim

I hope you get an answer. This is why I love the forum. Always hear about something crazy. Also need to reduce my withholdings so I don’t face this type of issue.
by Goal33
Wed Apr 07, 2021 3:28 pm
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 88
Views: 31147

Re: How long to turn 1 million to 2 millions for you?

Not quite 2m... or even close yet. But it's only taken me 3 months to go from 1m to 1.25 with the housing and stock markets the way they are.
by Goal33
Wed Apr 07, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: HOA rules - limit number of rentals?
Replies: 39
Views: 3218

Re: HOA rules - limit number of rentals?

I am not a real estate investor. However, rentals are an escape hatch in case something is going on. I wouldn't buy a townhouse that didn't allow me to have this escape hatch if needed. I will take the opposite side here. The next time I buy a condo I am going to be looking for the % or rentals and...
by Goal33
Wed Apr 07, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21821

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

TBH I am surprised you're not doing better on resale... you're losing money on each car.

When I buy a used with as many miles as that, I've been able to break even on the resale.

You must do better!! :wink:
by Goal33
Mon Apr 05, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 136
Views: 14001

Re: Anyone else see drastic increase in Zillow value today?

Housing market is going up but takes time to reflect in the data Zillow is using to make estimates. I’m up 150k in 2 weeks.
by Goal33
Sat Apr 03, 2021 9:44 am
Forum: Personal Consumer Issues
Topic: Would you give money to close friends to live in same neighborhood?
Replies: 45
Views: 3022

Re: Would you give money to close friends to live in same neighborhood?

15k shouldn’t be able to move the needle housing wise.
by Goal33
Fri Apr 02, 2021 2:41 pm
Forum: Investing - Theory, News & General
Topic: nextdoor referral for "financial advisor" makes sad Boglehead
Replies: 39
Views: 4565

Re: nextdoor referral for "financial advisor" makes sad Boglehead

I have a neighbor with Morgan Stanley. He knows exactly what he’s paying (2-3%) of assets and is fine with it. He knows his financial guy is a sales guy and still enjoys the Christmas dinner. For him the alternative is cash in the bank and he’s doing better with Morgan Stanley.
by Goal33
Fri Apr 02, 2021 8:25 am
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 63
Views: 7841

Re: Lower bond percentage after you won the game?

Valid arguments can be made to increase, decrease, or keep stable your bond allocation.

I like your argument to decrease it but might also like your argument to increase it.
by Goal33
Wed Mar 31, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3781

Re: How much retirement notice to give

HomeStretch wrote: Wed Mar 31, 2021 12:43 pm higher pay for the extension notice
love this... give 2 weeks notice, if it's not enough, you are agreeable for an additional 2 months at 1.5x pay
by Goal33
Wed Mar 31, 2021 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3781

Re: How much retirement notice to give

Who cares? give as much notice as you want. When does your yearly bonus come in? give your 2 weeks or 2 months notice after that.
by Goal33
Wed Mar 31, 2021 12:36 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1912

Re: Can't remove old shower head

I love my sawzall, but maybe not the best application for it... but I bet you I could get that shower head off in 5 seconds :wink:
by Goal33
Wed Mar 31, 2021 12:27 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1912

Re: Can't remove old shower head

the part in the wall is also threaded... you can remove that too, but its now its becoming a slightly bigger project
by Goal33
Mon Mar 29, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10929

Re: Curious about negative expat experiences -- why don't more people do it?

I've traveled all over the world and have a pretty open mind... and after all my travels, I've determined that I prefer the United States and specifically where my home is.
by Goal33
Sun Mar 28, 2021 12:58 am
Forum: Personal Finance (Not Investing)
Topic: 2.5 mil house with 5 mil net worth, too much?
Replies: 74
Views: 8579

Re: 2.5 mil house with 5 mil net worth, too much?

You can easily do it. I did about half on about half the income. Net worth was about 1/5th of yours. But I’m also 20 years younger I am not sure if I’d do it. Kids will go off to college. You could call it a career sooner if you don’t. But, you can easily afford it so do whatever makes sense given y...
by Goal33
Sat Mar 27, 2021 12:47 pm
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2312

Re: Car in Hawaii For One Year

I like the idea of seeing if the employer will pay cash. Sell Corolla here. Figure it out there, once there.
by Goal33
Wed Mar 24, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Bringing your own EZ-Pass into a rental car?
Replies: 21
Views: 1881

Re: Bringing your own EZ-Pass into a rental car?

In California the FasTrak toll tags are tied to the vehicle license number. When paying a toll the system reads the license plate number and then charges the toll against the account associated with the license plate number and then sends a signal to the FasTrak transponder in that car (causing a b...
by Goal33
Wed Mar 24, 2021 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Sell house with 3 installments? Close first or later?
Replies: 22
Views: 1404

Re: Sell house with 3 installments? Close first or later?

Terrible plan.

Let them obtain financing and pay it off when they sell their properties. It’s not your problem.

Or close in September. Or sell it on the open market.
by Goal33
Sun Mar 21, 2021 9:50 pm
Forum: Personal Consumer Issues
Topic: Cleaning up aunt's URBAN condo
Replies: 34
Views: 2490

Re: Cleaning up aunt's URBAN condo

Look through the stuff. Then call a junk company and tell them to take everything. None of the clothes are worth much of anything to anybody else and certainly not worth the time to sort. Ask agent what needs to be working to be able to get a loan (probably just oven). If it’s not working, replace i...
by Goal33
Thu Mar 18, 2021 1:17 pm
Forum: Personal Consumer Issues
Topic: Selling a new construction home - should I plant a yard
Replies: 24
Views: 1320

Re: Selling a new construction home - should I plant a yard

Price quoted sounds quite reasonable. I've seen some houses where they just threw wood chips everywhere and it looks better than dirt. Smart buyer will be annoyed by this though, since now they have wasted your money, and have to waste their own money removing it.
by Goal33
Thu Mar 18, 2021 10:39 am
Forum: Personal Consumer Issues
Topic: Should I redo my front yard and backyard landscaping?
Replies: 30
Views: 2491

Re: Should I redo my front yard and backyard landscaping?

DIY is really easy and cheap. Get your spouse to do it. I’d disagree with this. Maintenance is easy and cheap. Starting fresh is back breaking work and paying isn’t cheap. New plants / trees are expensive as well. Irrigation is also back breaking and not cheap. My perception may be distorted. In th...
by Goal33
Mon Mar 15, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.35M house?
Replies: 54
Views: 5177

Re: Can I afford a $1.35M house?

JonnyDVM wrote: Sun Mar 14, 2021 8:03 pm I think you guys are all crazy to be honest.
It’s hard to understand the plight of native Californians. We can’t leave.
by Goal33
Mon Mar 15, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 2019 tax return in processing limbo, can’t get a mortgage
Replies: 5
Views: 468

Re: 2019 tax return in processing limbo, can’t get a mortgage

Find a loan officer that will take the time to help you sort it out. Almost everything can be given an exception. Especially on jumbos.
by Goal33
Sun Mar 14, 2021 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10305
Views: 748598

Re: Refinance Mega Thread

Rose wrote: Sun Mar 14, 2021 10:39 pm Is it worth it to re-fi? Here is the current mortgage information:

Balance: $49,000
Rate: 3.625%
Maturity date: 12/2025
House value: $300,000.

Please advise.
doubt it but let us know what you come back with.
by Goal33
Sun Mar 14, 2021 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.35M house?
Replies: 54
Views: 5177

Re: Can I afford a $1.35M house?

Last year, our income was around the same... we spent 975k. Bay Area. The house is now worth 1.3m. We have extra juiced returns because we bought at the very beginning of the pandemic when nobody understood what the heck was going on at all. We had to borrow toilet paper from our new neighbors. Our ...
by Goal33
Sun Mar 14, 2021 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.35M house?
Replies: 54
Views: 5177

Re: Can I afford a $1.35M house?

Yes, you can afford it. You also need to do some job hopping and get that income to 400k+
by Goal33
Sat Mar 13, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Wife just crashed her car into mine. Tips on handling insurance?
Replies: 55
Views: 6918

Re: Wife just crashed her car into mine. Tips on handling insurance?

Sorry that happened. Try not to be too hard on her. Stuff happens. That sounds like something that I would do. But I mean well.... Get an estimate on repair costs. Depending on the cost, the vehicle value, and your deductible, it might be better to just pay the cost of repair yourself and not make ...
by Goal33
Sat Mar 13, 2021 2:43 pm
Forum: Personal Consumer Issues
Topic: water pipe leaking
Replies: 51
Views: 3537

Re: water pipe leaking

I diy 95% of stuff but I have to agree with others here.

This DIY can make for a bad day given a plumber can probably sort this out rather quickly
by Goal33
Sat Mar 13, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wife just crashed her car into mine. Tips on handling insurance?
Replies: 55
Views: 6918

Re: Wife just crashed her car into mine. Tips on handling insurance?

Go get an estimate and determine if it’s even worth dealing with your insurance as a first step.
by Goal33
Sat Mar 13, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8901

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

This is a confusing way to present this. What are your salaries and income? My mortgage and property taxes are 80% of our take home. But I don’t feel like it’s tight at all because that includes maxing an HSA for 7k, maxing a mega backdoor 401k for 58k, another 401k for 19k + 6% match, 2 Roth IRAs f...
by Goal33
Thu Mar 11, 2021 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6544

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

When I bought a house this happened and my agent thought it was weird and my lender thought it was weird. We were pre-approved for 1.75m and had a letter saying as much. We ended up offering less than 1m on a house but the listing agent said she wanted to talk to our lender. We were preapproved thro...