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Re: Millennials (with jobs) are super-saving their retiremen

I am 27 and a proud millennial. Alongside my wife, we have $125k in our retirement accounts. We started saving aggressively at a young age because we both read books, and can do the math. We are now hitting the brakes a bit, so that we can refocus on new careers and developing new skills --- carpent...
by Kevin21
Wed Jul 16, 2014 10:56 pm
 
Forum: Investing - Theory, News & General
Topic: Millennials (with jobs) are super-saving their retirement
Replies: 65
Views: 10078

Re: Net worth cost of getting an education

I went to Ivy League school for BA.... gave me a great overall education but no technical skills. It gave me the tools to thrive in any situation, but any one type of situation. Worked my ass off for five years at a desk job, related to my field, but now.... I am going to community college to learn ...
by Kevin21
Thu May 15, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Net worth cost of getting an education [locked]
Replies: 24
Views: 1947

Re: Process for building home?

Here's a rough go at it.... I've been researching DIY design and building, and here is my understanding of the process thus far. Research zoning issues and contact local permitting dept to see if there are any specific issues to your area. Figure out if you are in a historic zone or not, or any othe...
by Kevin21
Wed Apr 23, 2014 11:28 am
 
Forum: Personal Consumer Issues
Topic: Process for building home?
Replies: 12
Views: 824

Re: Why is it better to put stock funds in taxable accounts?

Don't forget about Ibonds --- they can provide bond-like stability, are taxed deferred, and not taxed by state/local gov.

This can help save Roth space, and keep bonds out of taxable accounts.
by Kevin21
Tue Apr 22, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Why is it better to put stock funds in taxable accounts?
Replies: 10
Views: 1411

Re: Many life changes coming. How am I doing?

Celia-- Many good thoughts. Much appreciated. Crimson-- We do live VERY frugally. For a while, we had it down to a science, living at $32k. We recently splurged on the house, and I am a bit concerned about lifestyle creep and the increasing possibility of "unexpected expenses." I am very h...
by Kevin21
Thu Apr 10, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Many life changes coming. How am I doing?
Replies: 5
Views: 768

Re: Many life changes coming. How am I doing?

Is the 110K income after 401K contributions or before? If before, you could fall into 15% bracket (around 72K) fairly easily by taking the standard deduction of 12K and two exemptions of 7.8K and 401k contributions of 10K each. Thanks for the input. This is before 401k contributions. I rounded up b...
by Kevin21
Thu Apr 10, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Many life changes coming. How am I doing?
Replies: 5
Views: 768

Many life changes coming. How am I doing?

Hi all, I post somewhat frequently, but am taking on some big changes soon. I am thinking of pursuing other work opportunities and creating several small businesses to see what will stick. I have found that being my own boss is very important me and my spouse. We are on the same page. This may drop ...
by Kevin21
Thu Apr 10, 2014 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Many life changes coming. How am I doing?
Replies: 5
Views: 768

Re: What age did you reach 100K networth?

With my wife, we hit 100K at 26. We started working when we were 22.

I haven't reached 27 yet, and already at $150k. It's amazing how quickly savings pick up, and how it also doesn't seem like "enough" or as much as it used to.
by Kevin21
Mon Apr 07, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 35528

Re: Expensive hobbies and possessions? (B/c you can...)

I enjoy buying vintage pieces of furniture in poor condition on the interwebs, and restoring them back to health with my current set of Woodworking skills. I am taking a few more classes to improve my skills. I am also signed up for classes in the trades -- Carpentry, Plumbing, Wiring, and (even Arc...
by Kevin21
Fri Apr 04, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 16180

Re: Fibonacci numbers: has Cramer lost his mind?

Well, I have been wearing different color socks and I recent detected a change in the air-speed velocity of an unladen swallow. Indeed, imminent doom for the stock market. Is that an African Swallow or European? But, then of course African swallows are non- migratory... There are many roads to Dubl...
by Kevin21
Thu Apr 03, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Fibonacci numbers: has Cramer lost his mind?
Replies: 20
Views: 2044

Re: Fibonacci numbers: has Cramer lost his mind?

In other news, my coffee grinds made a pretty neat pattern this morning. Surely this isn't just a coincidence--- IT MUST MEAN SOMETHING!!!! The sad part isn't that Cramer is spewing these things, it's that people buy it. You would think that he has "enough" by now to stop recycling this re...
by Kevin21
Thu Apr 03, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: Fibonacci numbers: has Cramer lost his mind?
Replies: 20
Views: 2044

Re: water heater purchase from Amazon

I once ordered a rug from Amazon, 8x10.... and they sent me 10x12 .... TWICE. I was responsible for returning it, twice. Don't get your water heater from Amazon. If it's Amazon's mistake, they don't charge for return shipments, and sometimes they will even set up free home pickup. All you do is tap...
by Kevin21
Tue Apr 01, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: water heater purchase from Amazon
Replies: 12
Views: 1274

Re: DIY Landscaping to Save $

I enjoy this kind of work, so I do it for the pleasure of the work and saving money is a nice bonus.

I did a retaining wall and fence on one side, and am now looking to correct any drainage issues. Up next, overall design and garden beds.
by Kevin21
Tue Apr 01, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: DIY Landscaping to Save $
Replies: 10
Views: 1153

Re: water heater purchase from Amazon

I once ordered a rug from Amazon, 8x10.... and they sent me 10x12 .... TWICE. I was responsible for returning it, twice.

Don't get your water heater from Amazon.
by Kevin21
Tue Apr 01, 2014 12:56 pm
 
Forum: Personal Consumer Issues
Topic: water heater purchase from Amazon
Replies: 12
Views: 1274

Re: You Will Be Investing For Free In 5 Years - Article

I just wanted to remind everyone --- there is no free lunch.

There will be costs.
by Kevin21
Thu Mar 27, 2014 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: You Will Be Investing For Free In 5 Years - Article
Replies: 21
Views: 5762

Re: Tax-free growth vs. keeping all bonds in tax-advantaged

I have struggled with issue as well, and there have been a few threads dissecting the ins and outs in great detail. I use a workaround to sidestep the issue, where I use my I-bonds as bond portion of portfolio (and emergency fund, but I digress). This way, if I ever have a low income year, I can cas...
by Kevin21
Thu Mar 27, 2014 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-free growth vs. keeping all bonds in tax-advantaged acct
Replies: 19
Views: 1403

Re: Is there ever a reason to prefer taxable over tax advant

I am 26 years old, and have built up about $110k in retirement accounts with my wife. I am now building up a taxable account as well, so that I can access some extra funds before retirement age (in 20 years or so.) So I think it has the advantage of being "available" before tax advantaged.
by Kevin21
Thu Mar 27, 2014 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Is there ever a reason to prefer taxable over tax advantaged
Replies: 48
Views: 5052

Re: forex tax treatment?

Sorry to jump in... but I do hold dual citizenship. If I were to hold an overseas cash account, and use it buy day-to-day stuff ---- are those purchases also taxable events? I would have to report gains and harvest the losses?

Ack!
by Kevin21
Wed Mar 26, 2014 11:27 am
 
Forum: Investing - Theory, News & General
Topic: forex tax treatment?
Replies: 6
Views: 449

Re: Do you love your job? What do you do?

BarryZuckerkorn wrote:It’s interesting to read what other people do. Oddly, I haven’t seen any attorneys respond, but maybe I missed it.



They have to keep their hours billable? :|
by Kevin21
Fri Mar 21, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 11239

Re: I need a quality lawnmower

I like my fiskars staysharp.

I would have gone with Scott's traditionally, but they seem to be very cheaply made today.

***These models are serious workouts. Shoulders are throbbing after mowing the lawn, but it feels great to me -- I like feeling the accomplishment!
by Kevin21
Thu Mar 20, 2014 4:10 pm
 
Forum: Personal Consumer Issues
Topic: I need a quality lawnmower
Replies: 31
Views: 2245

Re: Do you love your job? What do you do?

I have sucked it up for the last five years, and have worked in a field that is "tolerable" at best. I have been saving up though, and planning on taking some extra risk. I've been taking woodworking/carpentry classes on the side, and want to do something more creative and physical. I hate...
by Kevin21
Thu Mar 20, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 11239

Re: $175k student loan is paid off!

Awesome!! Now time to do it again, but paying your own savings off.
by Kevin21
Fri Mar 14, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: $175k student loan is paid off!
Replies: 21
Views: 1883

Re: Random Walk Down Wall Street

I read this book in college from a government/historical perspective, and the background cases really set me up for a nice "A-HA" moment. For the current boglehead, the stories are not necessary for what we already accept. I was also reading it during the financial crisis of 08, so it real...
by Kevin21
Fri Mar 14, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Random Walk Down Wall Street
Replies: 27
Views: 2489

Re: What If Long-Term Thinking Really Catches On?

I think companies would take more of a long term approach to business planning, and would benefit society in general.
by Kevin21
Thu Mar 13, 2014 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: What If Long-Term Thinking Really Catches On?
Replies: 21
Views: 2085

Re: Amazon hikes cost of Prime to $99

Lasership is horrible. Definitely agree with that. Before they used Lasership, I would frequently get my shipments next day. It was absolutely wonderful. With Lasership, it became 3-4 (sometimes 5) day shipping, and at the oddest hours of the day (930pm once!). And for shipments to my office, I wou...
by Kevin21
Thu Mar 13, 2014 11:07 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9614

Re: Amazon hikes cost of Prime to $99

I am going to finish Alpha House and cancel. $79 was already steep, and many times, the two day shipping is slower than regular ground. Especially when they use lasership. What if they release a Season 2? I actually like that show a lot. For me, the problem is their video library is not as good as ...
by Kevin21
Thu Mar 13, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9614

Re: Amazon hikes cost of Prime to $99

I am going to finish Alpha House and cancel. $79 was already steep, and many times, the two day shipping is slower than regular ground. Especially when they use lasership.
by Kevin21
Thu Mar 13, 2014 10:23 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9614

Re: Can Vanguard Become Too Big?

There is surely a way to be better than Vanguard, and to take their market share. Fidelity is close.

When a new firm takes on Boglehead philosophy and offers better customer service, and a more functional website --- then they too can take up market share.
by Kevin21
Fri Mar 07, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Can Vanguard Become Too Big?
Replies: 24
Views: 3823

Re: Keurig vs normal coffeemaker?

French press, with freshly ground beans is THE way to go. Takes an extra 5 minutes, but worth it.
by Kevin21
Sun Mar 02, 2014 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Keurig vs normal coffeemaker?
Replies: 131
Views: 8829

Re: FORUM'S UPCOMING 7TH BIRTHDAY

This forum is like a shining city on a hill. I am proud to be able to contribute in any small way I can.
Advertisers must be hounding you to get their hands on this. I am so glad that I only see links to boglehead books.

This forum is a true gem born from honest, hard work. Thank you.
by Kevin21
Thu Feb 13, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: FORUM'S UPCOMING 7TH BIRTHDAY
Replies: 23
Views: 1557

Re: the sky is about to fall!

What really scares me is the "debate" in the comments section. Good grief.
by Kevin21
Tue Feb 11, 2014 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: [MarketWatch: Scary 1929 market chart gains traction]
Replies: 43
Views: 4727

Re: How did you find Vibram Five Finger shoes?

I used to be a collegiate athlete. When running long distances, you want "support" for your feet and calves. These glove shoes don't offer much support as far as I can tell, which is why your probably getting pain in your calf. They seemed very gimmicky to me. Feel free to correct me if I'...
by Kevin21
Tue Feb 11, 2014 4:02 pm
 
Forum: Personal Consumer Issues
Topic: How did you find Vibram Five Finger shoes?
Replies: 10
Views: 706

Re: Boglehead investment philosophy in career

I may be a bit different--- but I've applied Boglehead philosophy to my retirement accounts and lifestyle, but have been considering a change recently. I recently reach $100k in retirement accounts, and am still 26 years old. (27 is creeping up, but I suppose I am still young by some accounts.) At t...
by Kevin21
Tue Feb 11, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead investment philosophy in career
Replies: 9
Views: 984

Re: Newly Married and Taxed

We rushed to file our marriage certificate on Dec 26. I mistakenly thought we would pay less taxes filing taxes jointly. I was wrong. I did my taxes singly and jointly to see what would happen and it was a $300 increase in our taxes. Our individual income was about the same. The only way to avoid t...
by Kevin21
Mon Feb 10, 2014 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Newly Married and Taxed
Replies: 39
Views: 2509

Re: Newly Married and Taxed

I am in the same boat. Newly married, and taxed about $1,000 more if filing jointly with standard deduction. I am hoping to have enough itemized deductions, so we can both file "married, filing separately".

If one itemizes, the other must as well, and same holds true for standard deduction.
by Kevin21
Mon Feb 10, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Newly Married and Taxed
Replies: 39
Views: 2509

Re: What was John Bogle thinking?!

John B. Armstrong, a.k.a. John C. Bogle ?? :shock: Shocking, but true. But, who can blame Mr. Bogle. If I were ever to speak glowingly about active management, I would do it under a different name also. Rick Ferri I am reading "Enough" at the moment. Armstrong was a family name (mother, o...
by Kevin21
Mon Feb 10, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: What was John Bogle thinking?!
Replies: 11
Views: 2753

Re: Winter coats:

Interesting comments with most stating that they do not buy the premium priced coats/jackets for any reason other than perceived/real quality. The one from Burlington is labeled "Free Country Extreme" or "FCXtreme." I have had jackets from TNF, and this one compares in every way...
by Kevin21
Tue Feb 04, 2014 4:31 pm
 
Forum: Personal Consumer Issues
Topic: Winter coats:
Replies: 53
Views: 4861

Re: Winter coats:

I have 2 winter ll bean coats --- goose down parka and down waxed cotton.

I would rate both as A+.
by Kevin21
Tue Feb 04, 2014 3:13 pm
 
Forum: Personal Consumer Issues
Topic: Winter coats:
Replies: 53
Views: 4861

Re: VG teams up with HelloWalle​t

The funny thing is, I like Mint because it is bad at tracking investments. I just see the balances --- makes for less desire to tinker.
by Kevin21
Thu Jan 30, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: VG teams up with HelloWalle​t
Replies: 24
Views: 2423

Re: VG teams up with HelloWalle​t

This seems like it would be better suited for their charitable organization to take on.

This muddies the waters of simplicity.
by Kevin21
Thu Jan 30, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: VG teams up with HelloWalle​t
Replies: 24
Views: 2423

Re: WHat to do with current market conditions

"Don't do something. Just stand there."

That is the best advice. If you think not, then knock yourself out.
by Kevin21
Wed Jan 29, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: WHat to do with current market conditions
Replies: 21
Views: 1233

Re: Berkshire Website

That website is "vintage".
by Kevin21
Thu Jan 23, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Berkshire Website
Replies: 18
Views: 1454

Re: Honda Fit

2013 FIT owner here. I never imagined that I would fair well during any kind of head on collision.

Here is to never being in a head on collision, in any car.
by Kevin21
Thu Jan 23, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: Honda Fit
Replies: 35
Views: 3580

Re: Where to park money for next year's roth?

Invest it in whatever you would invest it in for next year. It will be a taxable event (gains or losses) but you will be otherwise be doing an even exchange.
by Kevin21
Tue Jan 21, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to park money for next year's roth?
Replies: 27
Views: 1679

Re: "Gold to tank in 2014: Goldman Sachs"

If we are able to predict that there will be no inflation in the future, Ibonds and TIPS seem like a really poor choice right now, in addition to gold. Why? Sounds like money illusion to me. The whole point about them is that they earn a known real return. If you think in real dollars, they are low...
by Kevin21
Thu Jan 16, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 7610

Re: Will interview John Bogle on live radio -- Call-ins welc

I had missed this. I would love to hear the interview if available to non satellite subscribers.
by Kevin21
Wed Jan 15, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Will interview John Bogle on live radio -- Call-ins welcomed
Replies: 8
Views: 883

Re: vangurd quality of service

I have had very mixed experiences with customer service --- the people are usually competent and well spoken, but their procedures sometimes seem very antiquated, with unnecessary time being wasted (including phone wait times). I am hoping that this improves with Voyager status --- I saw a new 'cont...
by Kevin21
Wed Jan 15, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard quality of service
Replies: 63
Views: 4222

Re: "Gold to tank in 2014: Goldman Sachs"

P.S. Anyone who predicts an end of year price to three significant digits, $1,050, instead of saying "about a thousand," is an idiot. Why can't someone shake some sense about significant digits into the heads of financial people? A wonder they didn't predict "$1,053.28." They ne...
by Kevin21
Wed Jan 15, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 7610

Re: Investing with a Revalued American Dollar

leonard wrote:exactly how is the dollar going to be "revalued".


It already has been, we're all [(ripped off) --admin LadyGeek] :D
by Kevin21
Fri Jan 10, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing with a Revalued American Dollar
Replies: 20
Views: 916

Re: Sell and repurchase I-Bonds?

I just live by this mantra: Buy I Bonds, up to the limit, hold them until you need the cash. If you don't need the cash, don't sell them. But this is for people in capital preservation mode, probably later in their careers or already in retirement, who would be buying the max every year in I Bonds....
by Kevin21
Fri Jan 10, 2014 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell and repurchase I-Bonds?
Replies: 10
Views: 966
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