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Re: Closing out my first 'snowbirding' winter

You missed a great year of skiing and ice climbing!
by Rodc
Sat Mar 28, 2015 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Closing out my first 'snowbirding' winter
Replies: 15
Views: 944

Re: The Financial Implications of Moving in Together

BobK, Interesting. Seems to be based on rent. Just a rough rule of thumb so I should not expect too much, but wonder how well this works for young people in cheap(er) apartments when both need cars to get to and from work. That part would simply be linear in the number of people, not square root of ...
by Rodc
Sat Mar 28, 2015 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: The Financial Implications of Moving in Together

Hi singern, Best of luck to you in taking this next step! In my own marriage, my husband and I have very different views when it comes to money and we have discussed / argued / negotiated / compromised A TON when it comes to this issue. Yet we are still very happily married, and I actually think th...
by Rodc
Sat Mar 28, 2015 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: Economics of climbing the ladder - experiences requested

Whenever I read comments about how management is filled with sociopaths and management doesn't care about anyone but themselves, I'm surprised. It just hasn't been my experience at all. Maybe I've just been lucky, but I specifically look for corporate culture as a factor in deciding where to work. ...
by Rodc
Sat Mar 28, 2015 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 23
Views: 2314

Re: The Financial Implications of Moving in Together

I have told her if she would like to go halves on the house, she is more than welcome to give half the down payment I've put in, and go in on the maintenance items poker27, A more reasonable offer would be something like, when we sell the house I get paid back the down payment plus whatever % the h...
by Rodc
Fri Mar 27, 2015 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: Rick Ferri's 30 year market forecast 2015

How accurate have Rick's previous market prognostications been? Saying that for US Large-cap stocks there is an expected annualized real return of 5% with standard deviation (of annual returns) 19%, is saying that there is a 95% chance that after 30 years the annualized real returns are between -2%...
by Rodc
Fri Mar 27, 2015 5:46 pm
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30 year market forecast 2015
Replies: 63
Views: 6045

Re: The Capitalism Distribution

I think this is one of the best arguments (besides the low cost thing) for owning a broad index fund like total stock market. From the article: 39% of stocks had a negative lifetime total return (2 out of every 5 stocks are a money losing investment) 18.5% of stocks lost at least 75% of their value...
by Rodc
Fri Mar 27, 2015 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: The Capitalism Distribution
Replies: 5
Views: 839

Re: The Financial Implications of Moving in Together

RM:

He wrote:
We bought a house a few years ago


So I don't think this has been going on for seven years.

Otherwise we are in complete agreement.
by Rodc
Fri Mar 27, 2015 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: The Financial Implications of Moving in Together

It has only been "a few" years, but the issues remain and grow year by year. The lack of equity, the power imbalance, etc are something I would not put up with or impose on my girlfriend. I can see this could work for some and for them "good for them", just not me, and apparentl...
by Rodc
Fri Mar 27, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: Economics of climbing the ladder - experiences requested

jebmke wrote:The higher you go in an organization the more likely you will work directly with or for jerks and sociopaths. It adds to the stress but it does develop your interpersonal skills.

In my case, there was a lot of relocation.


That should mean that if you want you can also be a jerk or a sociopath.
by Rodc
Fri Mar 27, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 23
Views: 2314

Re: The Financial Implications of Moving in Together

I moved in with my GF after 6 ish months of dating, and weve been living together for 7 years now. We never had a hard rule of who pays for what. I have generally made more money, so I would pay a bit more bill wise. We bought a house a few years ago (its in my name, I put the downpayment down) and...
by Rodc
Fri Mar 27, 2015 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: The Financial Implications of Moving in Together

I moved in with my GF after 6 ish months of dating, and weve been living together for 7 years now. We never had a hard rule of who pays for what. I have generally made more money, so I would pay a bit more bill wise. We bought a house a few years ago (its in my name, I put the downpayment down) and...
by Rodc
Fri Mar 27, 2015 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: The Financial Implications of Moving in Together

I don't want to be some budget tyrant, I worry about money. I know what its like not to have it. You are ahead of the game. Most folks have at least some weirdness or not entirely logical relationship with money. If you recognize it and why you can constructively discuss and deal with it with your ...
by Rodc
Fri Mar 27, 2015 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: What was your costliest investment mistake?

Goofing off in grad school cost me two or three years of income and a two or three years delayed start in investing. But I had some really good times climbing, backpacking, skiing, all of which skills I still use so not at all a complete waste. And I'll be FI by age 60, so not the end of the world. ...
by Rodc
Fri Mar 27, 2015 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 137
Views: 12693

Re: Mortgage Debt in Retirement?

Most fundamentally, can you with great confidence generate the income you need to live the life you want to live? If you can the mortgage or no mortgage is not so important. Most critically, do you have the right sized (value) house? This really is independent of a mortgage or not. If too much is ti...
by Rodc
Fri Mar 27, 2015 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 62
Views: 3416

Re: Best portable mattress/bed?

Someone gave us an Aerobed. Might be 10 years old. Works well. May someday leak. Only used a few times. Also have inexpensive 6 inch air mattresses from Target we use for car camping. Need to buy a pump separately. Far cheaper. Pretty comfortable, about same as Aerobed, but you have to be ok getting...
by Rodc
Fri Mar 27, 2015 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Best portable mattress/bed?
Replies: 11
Views: 613

Re: The Financial Implications of Moving in Together

We did this a while back. We called it getting married and combined all our finances. Now, I realize a lot of people think marriage is fuddy-duddy, and I'm trying not to be judgmental. But here's what I would do. I would first decide what you are. If you are "married" then combine everyth...
by Rodc
Fri Mar 27, 2015 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Financial Implications of Moving in Together
Replies: 53
Views: 2498

Re: Where do I learn how much one SHOULD spend on a home?

Why do you want to buy a house? I own a house and it has turned out to be a great thing for me personally and for my family. But not everyone should have a house and this is all the more true for someone young and single. Might be a great idea or might be a bad idea or somewhere in between. And that...
by Rodc
Sat Mar 21, 2015 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Where do I learn how much one SHOULD spend on a home?
Replies: 64
Views: 5057

Re: What Age Did You First Ponder Financial Independence?

To be honest thinking in terms of "financial independence" came extremely late in strict terms. I understood the basic idea of having a source of income without working to fund retirement very early as I had elderly relatives that were retired. The two are of course related in that one all...
by Rodc
Sat Mar 21, 2015 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6712

Re: What Age Did You First Ponder Financial Independence?

I remember being about 3-5 years old - just learning what a bank account was - and asking my parents "Couldn't you just save and save and live off the interest?" It seemed so obvious .. Yeah, I think I was two and a half, but was thinking more in terms of mutual funds. Of course it was an...
by Rodc
Sat Mar 21, 2015 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6712

Re: Children's Swingset

our neighbors have a big swinset and 4 kids. Rarely see them playing with it. Despites DW pleas that we need a play set, we did not get one, rather we go to the "muddy pond" to look for golf balls, go to the nearby school and use the playground there, joined the Childrens' Museum and loca...
by Rodc
Sat Mar 21, 2015 8:31 am
 
Forum: Personal Consumer Issues
Topic: Children's Swingset
Replies: 43
Views: 2581

Re: Children's Swingset

Might get used for a few years. Ours got a lot of use, until maybe age 10? Don't remember exactly. Got our play structure at Costco for a whole lot less than the name brand ones. Now to be sure it did not last as long either. But we had twins and stopped so we knew we had a limited need. If you thin...
by Rodc
Sat Mar 21, 2015 8:26 am
 
Forum: Personal Consumer Issues
Topic: Children's Swingset
Replies: 43
Views: 2581

Re: Poll: Do you consider mortgage payments an investment?

My objective in this poll was to see how many people decide to buy based on perceived financial gain and what their decision points were. You would have achieved that goal if you had asked that question, but I suspect now you won't. :) I did get a gain (it is now 20 some years later so easy to know...
by Rodc
Wed Mar 11, 2015 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 3692

Re: Pension vs. Lump

If you decide it is a "coin flip" I would go with the Lump Sum. That way you have it, you control it, no corporate bankruptcy risk. If the paying company goes bankrupt the federal PBGC insurance will make the payments. That was a factor when I decided to take the company pension instead o...
by Rodc
Wed Mar 11, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension vs. Lump
Replies: 58
Views: 3099

Re: Poll: Do you consider mortgage payments an investment?

Yes, my principal payment is an investment (technically the home is an investment and payment of principal on the mortgage increases my "equity" = home value - amount owned, more or less meaning the amount I actually own vs the bank increases). Now it might or might not be a good investmen...
by Rodc
Tue Mar 10, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 3692

Re: College readiness

FWIW: With this sort of kid and a town where most kids go to college there is little if anything specific you need to do.

Maybe make sure he knows how to do laundry. And perhaps how to cook if after a year or two he will likely move off campus.
by Rodc
Tue Mar 10, 2015 12:56 pm
 
Forum: Personal Consumer Issues
Topic: College readiness
Replies: 27
Views: 1763

Re: Bernstein: 2% investment returns over next 20 years

If he is talking about 20-year bonds you bought today then he is more likely correct than if he is talking about 10-year bonds you are going to buy in 10 years. It is very unlikely the bond market in 10 years will be a copy of the bond market today. Similarly for stocks, but with much higher uncerta...
by Rodc
Tue Mar 10, 2015 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 22872

Re: College readiness

Did my parents know that I was sawing transistors in half, partly to see what was inside, but partly for the sheer joy of destruction? Did they know that I deliberately exceeded the power rating of resistors to watch them smoke and, if it was a good day, crack open from the thermal shock? If they h...
by Rodc
Tue Mar 10, 2015 11:50 am
 
Forum: Personal Consumer Issues
Topic: College readiness
Replies: 27
Views: 1763

Re: Growing out long hair and growing a beard

For those of you with long hair, what products do you use to take care of it and style it? I had extremely long hair for many years. Shampoo, comb it out. Nothing else was needed. If out in the wind or otherwise need to keep it under control, pull it back into a pony tail. Use cloth covered elastic...
by Rodc
Sun Mar 08, 2015 11:35 am
 
Forum: Personal Consumer Issues
Topic: Growing out long hair and growing a beard
Replies: 24
Views: 2734

Re: Does My Daughter Need A Prenup?

This is a tangent so not sure if people are interested. Also I only skimmed so might be in there somewhere. I noticed one post, likely there are others with the idea of an inheritance is properly the property of the person who received it. That may be the law, but one thing I wonder about is how tha...
by Rodc
Fri Mar 06, 2015 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 5826

Re: Do you consider mortgage payments as savings?

If I take money from my savings account and put it on my mortgage, it is a re-allocation of savings. If, however, I take extra out of my paycheck and, instead of spending it, I put it on my mortgage, that is savings
.

Agreed. I have not been careful in some of my posts about this point.
by Rodc
Wed Mar 04, 2015 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

To anyone who stated making mortgage principal payment increases his net worth, Q: does making credit card balance payment also increase your net worth? If you say no, please explain why making a debt payment (debit liability, credit cash) increases net worth in one case but doesn't in another case...
by Rodc
Wed Mar 04, 2015 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Backpedaling: Rising Equity Allocation During Retiremen

Good for Dr. Pfau. The previous paper, by Kitces and Pfau, was properly stated. In my opinion, they made it clear that this was a fairly weak effect, based on various carefully assumptions. One of the big ones is only mentioned in an aside: "the clear caveat and concern of this approach is tha...
by Rodc
Wed Mar 04, 2015 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 3685

Re: Any ever do a small addition on their house?

I think it would be money well spent to hire an architect to come up with some ideas. Or even just a good experienced design/build general contractor. I hired an architect in this context and frankly just working with the experience builder generated better ideas and was free. Your mileage may vary.
by Rodc
Wed Mar 04, 2015 12:57 pm
 
Forum: Personal Consumer Issues
Topic: Any ever do a small addition on their house?
Replies: 24
Views: 1896

Re: Do you consider mortgage payments as savings?

I think the most interesting question here is why are we on a 5th page for this thread? Something must have clearly touched a nerve on a lot of people. A house is nothing more than a thing. It's an item that you've purchased. You can either pay cash for it or you can borrow to purchase it. Why is i...
by Rodc
Wed Mar 04, 2015 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Any ever do a small addition on their house?

Dave, The boys can continue to share a room, can be done for sure, was for generations. But having two full adult sized males in one room will be pretty crowded. And at some point, while not a need, they will likely want separate bedrooms. I have twin boys who shared a room. We have a third bedroom ...
by Rodc
Wed Mar 04, 2015 10:13 am
 
Forum: Personal Consumer Issues
Topic: Any ever do a small addition on their house?
Replies: 24
Views: 1896

Re: Not Interested in Ever Owning Real Estate

owning has worked very well for me. It helps a lot that I think of home maintenance as more a hobby that a chore (most of the time). I like mowing the yard, a nice little walk. House prices here have gone way up in the 20 years I have been here. But home ownership is not for everyone. It ties you do...
by Rodc
Tue Mar 03, 2015 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Not Interested in Ever Owning Real Estate
Replies: 35
Views: 3398

Re: Any ever do a small addition on their house?

I have done one large and one small. House was a small ranch, smaller than yours, 2 bedrooms. We removed the attic and put on a full second floor with 3 bedrooms and bathrooms, and moved around walls on the first floor to open it up to make a nice living room, kitchen, tv room and office. New master...
by Rodc
Tue Mar 03, 2015 7:56 pm
 
Forum: Personal Consumer Issues
Topic: Any ever do a small addition on their house?
Replies: 24
Views: 1896

Re: Taylor Larimore Honored

Very cool.

You are living a life well lived.
by Rodc
Tue Mar 03, 2015 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 59
Views: 5032

Re: Do you consider mortgage payments as savings?

EXTRA payments on the Mortgage (I agree with grabiner on this) Two twins buy identically priced houses. Twin A takes a 10 year mortgage and pays it off at the scheduled 10 year mark. Twin B takes a 30 year mortgage and pays it off early at the 10 years mark. Twin B is saved more because his payment...
by Rodc
Tue Mar 03, 2015 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

If you asked 100 homeowners outside of BH whether their mortgage payment is an expense, my guess is that most would say yes, including both principal and interest. You're right that most homeowners would say their entire mortgage payment is an expense. But popularity of an idea doesn't make it righ...
by Rodc
Mon Mar 02, 2015 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

This raises the corollary question of why hold bonds with an expected return of 2% while paying a mortgage with a guaranteed rate of 3.25% (by paying it down)? A good question. To answer one has to factor in things like liquidity, taxes, loss of tax advantaged space, and matching funding. Not all o...
by Rodc
Mon Mar 02, 2015 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

People that do not count the house will buy less house. Is that like setting your alarm clock off by 15 minutes to "trick" yourself into getting up on time vs just being accurate and getting up on time, because, well it is when you need to get up? Personally I have never been able to fool...
by Rodc
Sun Mar 01, 2015 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

I did propose a definition in an earlier post that I will re-state here. Put in words, I consider savings to be ... Right. You proposed. Did you get agreement from the group? My point is not that no one made a proposal. My point is that without agreement on a definition no meaningful progress will ...
by Rodc
Sun Mar 01, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

I think I've figured out what's going on here. People are assuming that their house is not an asset, and that their mortgage is not a liability. They're pretending they don't exist. But it's simply not factually accurate. If you have a $200,000 mortgage, you owe the bank $200,000. If you have a $25...
by Rodc
Sun Mar 01, 2015 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

I did propose a definition in an earlier post that I will re-state here. Put in words, I consider savings to be ... Right. You proposed. Did you get agreement from the group? My point is not that no one made a proposal. My point is that without agreement on a definition no meaningful progress will ...
by Rodc
Sun Mar 01, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

I think you all are not debating whether or not mortgage (principle) counts as savings. You are sort of dancing around the question of what the definition of "savings" should be. If you actually came up with a definition the answer to the question would be clear. Has anyone wanted to expl...
by Rodc
Sun Mar 01, 2015 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Do you consider mortgage payments as savings?

I think you all are not debating whether or not mortgage (principle) counts as savings. You are sort of dancing around the question of what the definition of "savings" should be. If you actually came up with a definition the answer to the question would be clear. But it really does not mat...
by Rodc
Sun Mar 01, 2015 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20116

Re: Debt Snowball with Variable Rates

I'd probably go after them in this order. I would re-evaluate if rates change. Who knows, we may be in a low interest environment for a long time. I would also limit discretionary spending until the debt was gone. $1.8k @ 5.5% ($50/month) $4.6k @ 4.6% ($25/month) $5.4k @ 2.88% ($63/month) Variable ...
by Rodc
Sun Mar 01, 2015 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Snowball with Variable Rates
Replies: 6
Views: 643

Re: Do I have enough to retire at age 50?

How did you come up with that Net worth figure? Did you totally ignore the two pensions and SS? Including pensions and SS as part of networth is controversial and as far as I can tell a fairly new invention. Do it if you want, but it is not standard practice here or anywhere else. Of course you fac...
by Rodc
Sat Feb 28, 2015 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I have enough to retire at age 50?
Replies: 28
Views: 3929
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