Search found 260 matches

by Meaty
Tue Jul 21, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10499

Re: How do people afford children with a SAHM?

$85,000 would put you ahead of~75% of all other wage earners in the USA. If you cannot afford now, then when? Ahead of 80%? 90%? More? Point is, people of significantly less means successfully pro-create. You can too provided that is a priority and you are willing to sacrifice. Also, don't forget t...
by Meaty
Tue Jul 21, 2015 9:25 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10499

Re: How do people afford children with a SAHM?

$85,000 would put you ahead of~75% of all other wage earners in the USA. If you cannot afford now, then when? Ahead of 80%? 90%? More? Point is, people of significantly less means successfully pro-create. You can too provided that is a priority and you are willing to sacrifice. Also, don't forget t...
by Meaty
Mon Jul 20, 2015 2:18 pm
Forum: Investing - Theory, News & General
Topic: When did you start investing in the Market?
Replies: 60
Views: 3292

Re: When did you start investing in the Market?

Age 21. First real job after college
by Meaty
Mon Jul 20, 2015 11:59 am
Forum: Personal Consumer Issues
Topic: Solar shades
Replies: 5
Views: 606

Re: Solar shades

I have them; they make a big difference in temp. Look at blinds.com. They had the best prices. I can't recall the brand we bought
by Meaty
Mon Jul 20, 2015 11:39 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 18637

Re: What 2008/09 has done to me

As someone 31 years old, working at mega corp, and the primary breadwinner for a young family, this thread scares the bejeezes out of me
by Meaty
Mon Jul 20, 2015 7:29 am
Forum: Personal Consumer Issues
Topic: Termite bond rip off??
Replies: 14
Views: 1110

Re: Termite bond rip off??

Not a termite expert, but if it were me I'd just get the actual treatment (~$1500). The annual visual inspection for ~$100 is something you can do and you never know what they'll decline to cover should you have an actual issue

Good luck
by Meaty
Mon Jul 13, 2015 7:07 am
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7277

Re: 29, relatively high income, seriously considering early retirement

I think this is a typical misconception by my generation (I'm 2 years older than the OP) instead of "retire" why not shoot to achieve financial independence by X age. Then you can work part time, change fields, whatever makes you happy. That's what I'm shooting for. "Retiring" a...
by Meaty
Sun Jul 12, 2015 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7277

Re: 29, relatively high income, seriously considering early retirement

I think this is a typical misconception by my generation (I'm 2 years older than the OP) instead of "retire" why not shoot to achieve financial independence by X age. Then you can work part time, change fields, whatever makes you happy. That's what I'm shooting for. "Retiring" at...
by Meaty
Fri Jul 10, 2015 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Does Anyone Plan to Work Past 70 years of Age
Replies: 63
Views: 5453

Re: Does Anyone Plan to Work Past 70 years of Age

I hope to not be working in my 60s let alone 70s
by Meaty
Wed Jul 08, 2015 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Longtime Insurance Customers Get Ripped [overcharged]
Replies: 106
Views: 14173

Re: Longtime Insurance Customers Get Ripped [overcharged]

One thing that jumps out to me in reading this post and another recent post on the subject of insurance rates; just how do you know what level of service you are going to get from your new company? I have been with USAA for 54 years now currently having home, auto, umbrella, and valuable personal i...
by Meaty
Thu Jul 02, 2015 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: value over growth ?
Replies: 15
Views: 1306

Re: value over growth ?

I'm all about total maximum risk adjusted return. I care not if its "value" or "growth"
by Meaty
Fri Jun 26, 2015 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Move for a Federal Job - Finances?
Replies: 21
Views: 2528

Re: Move for a Federal Job - Finances?

joe8d wrote:They should stay put.


Agreed. Less money. Away from family, stress of moving. I see 0 upside
by Meaty
Fri Jun 26, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Funds - Money Market vs Savings Acct?
Replies: 7
Views: 717

Re: Emergency Funds - Money Market vs Savings Acct?

I keep mine in an fdic insured account for the reasons you state. I believe most here would agree
by Meaty
Thu Jun 25, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Workplace Instability
Replies: 15
Views: 2308

Re: Workplace Instability

I recommend you read"Monday morning leadership" as a similar situation is addressed. My two cents as someone who has been in management for awhile with over 100 indirect reports - people leave their manager (or stick with them) even if the company is good/bad, upper management is good/bad,...
by Meaty
Wed Jun 24, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 4774

Re: Colorado Vacation suggestions

Second for Breckinridge
by Meaty
Tue Jun 23, 2015 8:53 am
Forum: Investing - Help with Personal Investments
Topic: No bonds?? All Equity portfolio in 20s
Replies: 74
Views: 9137

Re: No bonds?? All Equity portfolio in 20s

I'm 31 and 100% equities. Why? Because I not only "held on" in 2009 but I literally sold a car, downsized, so I could by MORE of equity index funds. I know my tolerance. If you are equally confident than go for it. Most don't truly know Tell me more about this time period. I never lived t...
by Meaty
Mon Jun 22, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Work Relocation Opportunity
Replies: 11
Views: 1634

Re: Work Relocation Opportunity

Do not buy a house in Dallas. Rent for a year or two to start. Figure out which neighborhoods you like, etc. For all you know, you might hate Dallas. Why tie yourself down that quickly? I agree with this. The metromess housing market is on fire right now. Also the DFW area is huge geographically, m...
by Meaty
Mon Jun 22, 2015 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: No bonds?? All Equity portfolio in 20s
Replies: 74
Views: 9137

Re: No bonds?? All Equity portfolio in 20s

I'm 31 and 100% equities. Why? Because I not only "held on" in 2009 but I literally sold a car, downsized, so I could by MORE of equity index funds.

I know my tolerance. If you are equally confident than go for it. Most don't truly know
by Meaty
Mon Jun 22, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: shopping for insurance
Replies: 13
Views: 1495

Re: shopping for insurance

I use an independent agent. He shops my insurance annually through 20+ companies How did you find him and how does he get compensated? I have been looking for one but they only compare a handful of companies. I can't speak for Meaty, but mine are compensated through relationships with the companies...
by Meaty
Mon Jun 22, 2015 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Graduated College. Now What?
Replies: 8
Views: 756

Re: Graduated College. Now What?

Payoff the school loans in the next 12 months. 10k should be easy to knock out. Then up your 401k contribution/roth ira contributions to total of 15% This was my initial plan. I'm currently reading the Boglehead's guide to investing, and began questioning whether paying off relatively low-interest ...
by Meaty
Mon Jun 22, 2015 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Graduated College. Now What?
Replies: 8
Views: 756

Re: Graduated College. Now What?

Payoff the school loans in the next 12 months. 10k should be easy to knock out. Then up your 401k contribution/roth ira contributions to total of 15%
by Meaty
Sun Jun 21, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: shopping for insurance
Replies: 13
Views: 1495

Re: shopping for insurance

I use an independent agent. He shops my insurance annually through 20+ companies
by Meaty
Sat Jun 20, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy
Replies: 18
Views: 2685

Re: Bankruptcy

If the car is lien free and owned by both of you, you have nothing to worry about if 1) the chapter 7 case remains a "no asset" case or 2) the car can be exempted under one of the available exemptions under section 522 Good advice earlier in this thread regarding preferential transfer. If ...
by Meaty
Sat Jun 20, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: So my pension has been frozen...
Replies: 34
Views: 6439

Re: So my pension has been frozen...

Assuming "27 years from now" means age 65, you would have to turn that $6100 into $65,000 to purchase an annuity that provides $363/mo. That means a little over a 9% rate of return if you invested the money yourself. I wouldn't bet on that. From a pure dollars and cents perspective, stick...
by Meaty
Fri Jun 19, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy
Replies: 18
Views: 2685

Re: Bankruptcy

There's a lot of mis-information in this thread. If she is filing a 7, there will be virtually no impact to you so long as the loan is kept current and there's no positive equity in the car.
by Meaty
Sun Jun 07, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8010

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even
by Meaty
Mon May 18, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
Replies: 34
Views: 3988

Re: How do Bogleheads (in general) plan to finance their healthcare for later life?

With a roth you fund with after tax dollars and get tax free accumulation. With a HSA you never pay taxes (contributions or gains) ever so long as you use it for medical expenses. Long term care insurance has gotten ridiculously expensive and the benefits tend to be limited; I couldn't justify the p...
by Meaty
Fri May 15, 2015 6:34 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 466
Views: 65775

Re: What are you up YTD?

11.50%
by Meaty
Sun Apr 26, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Home Thermostat Wiring
Replies: 15
Views: 2128

Re: Home Thermostat Wiring

In addition to the above I wouldn't loop you compressor fan like you described. That just means the fan will always run (even if the AC/heat pump isn't)
by Meaty
Sun Apr 26, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley for pool fund?
Replies: 13
Views: 1257

Re: Wellesley for pool fund?

Great responses; thank you everyone. I fall into the mindset articulated here. I realize money is fungible and, therefore, there is no need to bifurcate from my portfolio but it just helps me ensure my separate goals are being achieved independent of a "want" like a pool Fair enough. Howe...
by Meaty
Sun Apr 26, 2015 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley for pool fund?
Replies: 13
Views: 1257

Re: Wellesley for pool fund?

I would do it. The Wellesley fund was only down 9.84% in 2008. Other than that, it has performed very well for a 1/3 stock and 2/3 bond fund. But how risky is the OP's overall portfolio? Why not just withdraw money from the portfolio as a whole when it is needed? What is the need to put the money i...
by Meaty
Sun Apr 26, 2015 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley for pool fund?
Replies: 13
Views: 1257

Re: Wellesley for pool fund?

If you are firm on $40k expense, how will you make up for a 20 to 30% decline in Total Stock Market Index if this happens during your saving period? A firm commitment for funds in 5 years or less is better invested in CDs, money markets or cash. There is no way to predict that the market will be at...
by Meaty
Sun Apr 26, 2015 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley for pool fund?
Replies: 13
Views: 1257

Wellesley for pool fund?

We plan to put in a pool. The cost will be around 40k so I'll need to save up my bonus for 2 years. Since this isn't emergency fund or down payment money, would you recommend taking market risk with the funds? Are there other relatively safe options that will afford better growth/risk/liquidity? Tha...
by Meaty
Sun Apr 19, 2015 6:55 am
Forum: Personal Consumer Issues
Topic: New HVAC
Replies: 21
Views: 1747

Re: New HVAC

I would go ahead and buy now. I think you are making the right choice going 2 stage (and presumably variable speed airhandler/furnace). As stated (and as you confirmed) be sure to get load calculation so that your system is sized correctly. Try to get a 4-5" filter rather than 1" (filters...
by Meaty
Sat Apr 18, 2015 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9827

Re: Two Comma Club

Congrats. According to the calc I used I won't hit 1M until I'm 40 (9 yrs)
by Meaty
Sat Apr 18, 2015 8:00 pm
Forum: Personal Consumer Issues
Topic: New HVAC
Replies: 21
Views: 1747

Re: New HVAC

ralph124cf wrote:Does this system have a gas furnace as well as the AC unit, or is this an air source heat pump?

Ralph


Furnace and AC. Gas is way cheaper here than electricity so no need for heat pump
by Meaty
Sat Apr 18, 2015 7:31 pm
Forum: Personal Consumer Issues
Topic: Safety Deposit Box is Necessary (+1 plug:)
Replies: 33
Views: 4868

Re: Safety Deposit Box is Necessary (+1 plug:)

drawpoker wrote:Cannot make out from this if OP is male or female. If the latter, must say you were very brave (or foolhardy) to confront a burglar in the act. Whatever the gender, it's a pity you didn't have a gun handy, and punch his ticket "cancelled".


+1.
by Meaty
Sat Apr 18, 2015 7:11 pm
Forum: Personal Consumer Issues
Topic: New HVAC
Replies: 21
Views: 1747

Re: New HVAC

I appreciate the responses so far. The CO is good and I have detectors in case it starts leaking. I did a load calculation myself to see if the rep would give me something similar (or do it at all). His number was close to mine. It is also worth mentioning I live in the south and it will likely be 1...
by Meaty
Sat Apr 18, 2015 6:35 pm
Forum: Personal Consumer Issues
Topic: New HVAC
Replies: 21
Views: 1747

New HVAC

I recently purchased a new home and the existing HVAC system is 20 years old. I'm considering purchasing all new (quoted at 12k for a 5 ton 17 seer 2 stage) but am wondering if I should just ride out the existing system until it dies. I'm sure the efficiency improvement from the new system will be s...
by Meaty
Thu Nov 13, 2014 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 4885

Re: Obligation to Parents?

My mother blew through huge amounts of money and continually makes very poor finacial decisions. As a result, I made up my mind long ago I would not enable her by giving her any money. She has SS and a small pension. That's more than most have and she's able to live in a decent place, buy food and m...
by Meaty
Sun Nov 09, 2014 10:47 am
Forum: Investing - Help with Personal Investments
Topic: What is your age and AA?
Replies: 219
Views: 58952

Re: What is your age and AA?

Age 30
100% US Stock + 9 months cash
by Meaty
Sat Nov 08, 2014 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Made a huge mistake, need help
Replies: 50
Views: 10380

Re: Made a huge mistake, need help

It sounds like you are trying to time the market by "riding out the downturn" etc. You need to create an asset allocation and plan that meets your risk tolerance. Additionally, you can roll the IRA over to a low cost provider like Vanguard or Fidelity. Regarding the desire for 20k of annua...
by Meaty
Tue Oct 07, 2014 7:09 pm
Forum: Investing - Theory, News & General
Topic: A good day to be in heavy in Bonds --- 10-7-2014....
Replies: 28
Views: 3578

Re: A good day to be in heavy in Bonds --- 10-7-2014....

Huh? The market was down? Guess that's the beauty of our strategy, I don't care and don't need to
by Meaty
Tue Sep 09, 2014 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buyout - rollover to roth?
Replies: 4
Views: 525

Re: Pension buyout - rollover to roth?

The buyout is $11,500. The monthly benefit (33 years from now) will be $445 per month. These numbers are obviously not huge but I figure 11k invested for the next 30 years will yield a greater purchasing power....$400 in 30 years will probably buy a gallon of milk. :) I'm in the 28% tax bracket toda...
by Meaty
Tue Sep 09, 2014 5:05 am
Forum: Investing - Help with Personal Investments
Topic: Pension buyout - rollover to roth?
Replies: 4
Views: 525

Pension buyout - rollover to roth?

My former employer is willing to buyout my pension which I plan to pursue. My question is, can I roll that into a roth without paying an early withdrawal penalty? Obviously I would have to pay income tax but I'd want to avoid the additional 10% tax normally associated with "accessing" reti...
by Meaty
Tue Sep 02, 2014 6:05 pm
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2761

Re: which engine and transmission options to choose for Taco

I have the V6 taco. It's a great truck. Gas mileage is decent, does well in slick conditions, and hauls plenty unless you're a contractor or lumber jack
by Meaty
Mon Sep 01, 2014 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 4246

Re: Does your employer still offer pensions to new hires?

No. I would be surprised to find many non-government jobs that still offer DB pension plans to new employees. If you find any, they are likely to be in companies that have unionized blue-collar employees. I worked for Megacorp #1 until 2004 and had a DB pension. Around 2000 they switched new employ...
by Meaty
Sat Aug 30, 2014 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 4246

Re: Does your employer still offer pensions to new hires?

No. I would be surprised to find many non-government jobs that still offer DB pension plans to new employees. If you find any, they are likely to be in companies that have unionized blue-collar employees. I worked for Megacorp #1 until 2004 and had a DB pension. Around 2000 they switched new employ...

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