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Re: Semi forced retirement - SPIA ?

I don't mind paying into an insurance plan that is there to protect those who are truly in need. I didn't like paying into Unemployment Insurance during 2008 when 2 of my friends claimed the entire 99 weeks, didn't try to find a job, and laughed about it. Your claiming unemployment insurance while ...
by TomatoTomahto
Tue Apr 21, 2015 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Semi forced retirement - SPIA ?
Replies: 18
Views: 620

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ, on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw, l...
by TomatoTomahto
Tue Apr 21, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 12
Views: 316

Re: Should I buy into my brother's shop?

Asymmetrical risks and rewards. It need not happen, but I've seen siblings and other relations estranged over business deals. Your relationship with your brother is worth more than a few thousand dollars; walk away (lovingly).
by TomatoTomahto
Tue Apr 21, 2015 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Should I buy into my brother's shop?
Replies: 7
Views: 778

Re: MB vs Volvo vs. Other?

Mercedes is in a class of its own :happy I had a 300E years ago (when the numbers preceded the letter) that was awesome. My understanding from friends who have newer Mercedes is that many of the cars suffer from MB engineering to new price points. The S class is in a class of its own. I'm not sure ...
by TomatoTomahto
Tue Apr 21, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: MB vs Volvo vs. Other?
Replies: 14
Views: 479

Re: One Spouse Outearning the Other?

Something I haven't seen mentioned here is the increased number of options that come with being the lower-earning spouse. We are older, approaching empty nest status, and my wife can retire or continue working as she desires. There was a time, however, when, had she wanted to be a SAHM, it would hav...
by TomatoTomahto
Tue Apr 21, 2015 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 56
Views: 3868

Re: One Spouse Outearning the Other?

I'm curious what the reactions of BHs are to this article, specifically the husbands that have wives pulling in more than them (or perhaps, much more than them). Has it ever been an issue? Have you adjusted how you view expenses and spending? My wife had originally made less than me, but since she ...
by TomatoTomahto
Mon Apr 20, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 56
Views: 3868

Re: Can SiriusXM Radio damage my credit rating?

You'd think a post by Mac and Cheese (above) would express more agreement :D I have to say that, while I've never subscribed other than the free year trial subscription that came with cars, they are a persistent and bothersome company. They try to get you to sign up and seemingly won't take no for a...
by TomatoTomahto
Mon Apr 20, 2015 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Can SiriusXM Radio damage my credit rating?
Replies: 15
Views: 880

Re: Car for teen ager

I'm going to provide this data point, against my better judgment and expecting the usual backlash about spoiling my kids, because I think there is a legitimate place for spending considerable amounts of money for a kid's car, even in the Boglehead universe. Some of the thoughts that went into this a...
by TomatoTomahto
Sun Apr 19, 2015 8:16 pm
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 43
Views: 1768

Re: For those living @ home after college...

Are you doing laundry and cooking for your parents? That's nice. They might think that makes up for your return. What!?!? You're expecting them to do it? What did you learn at college, exactly? In some cultures it is more acceptable, but from what I understand, a boy living at home is not as desirab...
by TomatoTomahto
Sun Apr 19, 2015 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: For those living @ home after college...
Replies: 6
Views: 750

Re: Coming to terms with low risk tolerance

TIPS and I Bonds have been around less than 20 years, so when inflation hits again, we'll be able to protect our investments against inflation, right? (please say yes :( ) I'm not a bond maven, but my understanding is that TIPS and I Bonds protect against unexpected inflation. So, since you said &q...
by TomatoTomahto
Sun Apr 19, 2015 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 33
Views: 2235

Re: engineers - please help with engineering school selectio

At this point, we have moved on, and he is going to decide based on 2 best options currently available to him. If the letter comes, we will deal with it at that time. That's the right approach. Many kids hold out hope for too long. I hope a letter comes with welcome news, but it is better to have p...
by TomatoTomahto
Sat Apr 18, 2015 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 166
Views: 9327

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. In my line of work (finance) the standard is 'garden leave' where one remains on the payroll while not allowed to work anywhere else. Of course, it is base salary & benefits only in an industry where most people work for the bonus. Comi...
by TomatoTomahto
Sat Apr 18, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 5894

Re: What Is The Worst Car You Have Ever Owned?

Audi TT, year 2011 or thereabouts. Double-clutch transmission began having trouble very early on, which later became part of a recall. That happens, but Audi's handling of the situation wasn't much better than GM's handling of the ignition switch. Never another Audi. I know a lot of people like them...
by TomatoTomahto
Sat Apr 18, 2015 12:10 pm
 
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1716

Re: engineers - please help with engineering school selectio

I'm shocked that with that profile he would not get accepted to any school. Huh? It's tough out there Bacchus01. The selective schools could fill multiple freshman classes out of their deferred, wait listed, and rejected applicants, without any reduction in the ability of the students to handle the...
by TomatoTomahto
Fri Apr 17, 2015 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 166
Views: 9327

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation. That reframing may give a warm, good feeling - but it ignores the fact that money is fungible. Yes, I k...
by TomatoTomahto
Fri Apr 17, 2015 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 138
Views: 12903

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation.
by TomatoTomahto
Fri Apr 17, 2015 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 138
Views: 12903

Re: engineers - please help with engineering school selectio

I don't have an engineering hat, so I can't put it on for you, but i do have a parent-of-college-applicant hat :D I am somewhat reminded of times when I've interviewed a job candidate, and something bugged me a bit, but it didn't seem sufficiently material to not offer the job. 9 times out of 10, th...
by TomatoTomahto
Fri Apr 17, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 166
Views: 9327

Re: Bernstein: "If you've won the game, stop playing."

Perhaps this is the naivete of youth, but couldn't it be argued that if you've accumulated enough that you don't need the growth of stocks that you actually played the game too long? Why not say "once the game has been won by accumulating enough safe assets, put it all in FDIC insured bank acc...
by TomatoTomahto
Fri Apr 17, 2015 9:34 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12427

Re: Bernstein: "If you've won the game, stop playing."

I can't say that it's based on his advice specifically, but we're shooting for 50/50 AA eventually, although we're 55/45 now. We could live on SS and pensions if we had to, so we are at liberty to have AA ranging from 20/80 to 80/20. 50/50 seems unlikely to create regret later.
by TomatoTomahto
Fri Apr 17, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 131
Views: 12427

Re: Would you buy 1.5 M house without AC?

Yes, and then most likely I'd install CAC. In NJ, that's what we did 20 years ago. You bought a 1.5 M dollar house 20 years ago? What is it worth now? I should have been more clear. We bought a ~$700k house 20 years ago. In the meantime, we added AC, redid the floors and roof, doubled the square fo...
by TomatoTomahto
Thu Apr 16, 2015 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4536

Re: Would you buy 1.5 M house without AC?

Yes, and then most likely I'd install CAC. In NJ, that's what we did 20 years ago.
by TomatoTomahto
Thu Apr 16, 2015 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4536

Re: Do you wish you retired earlier?

I became a SAHD over a decade ago (I'm 63 now). Some people call that retirement (although probably not anyone who has actually done it). I enjoyed my job outside the home, I've enjoyed my job inside the home, and after the nest finishes emptying, I'll do something as a volunteer. My wife, who has b...
by TomatoTomahto
Thu Apr 16, 2015 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3536

Re: Anxiety about market fluctuations

I have used http://www.ESPlanner.com to compute consumption in a smooth way, now and in retirement. I can't quite get myself to spend at the levels it "recommends," but it has been informative. I figure that if my consumption errs from the recommended level, it's better to spend a bit too ...
by TomatoTomahto
Thu Apr 16, 2015 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Anxiety about market fluctuations
Replies: 13
Views: 1111

Re: Raising well-adjusted children when you're "rich"?

FuyuKei, <<Buy and live in a neighborhood with good public school .>> What is there to disagree?? Are you saying that send your children to private school even if the public school is good?? <<This of course depends on what's in your area,>> People that are rich have the choice A) Send children to ...
by TomatoTomahto
Wed Apr 15, 2015 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3417

Re: TV show recommendations?

Available on Netflix, or a combination of Netflix for past seasons and cable for current:
Broadchurch
Bloodline
Rectify
Top of the Lake
by TomatoTomahto
Wed Apr 15, 2015 7:41 am
 
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 329
Views: 146862

Re: Gifts to take to Scotland.

I would not vote for maple syrup. It is relatively easy to get in Europe. And folks do not eat pancakes and French toast with maple syrup very much either. My New Englander friends still keep bringing me maple syrup … let me check the pantry … I've got a 2 year supply of 3 different kinds. And I li...
by TomatoTomahto
Tue Apr 14, 2015 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2105

Re: JOWPYN - The Joy of Working Past Your Number

If there's anything I've learned from cop-movies it's this: Make sure you're either working, or retired. Never be "a month away from retirement", because that will get you killed every time. That's funny. :D Thank you, TheTimeLord for this post. I have been sufficiently bothered by the &q...
by TomatoTomahto
Tue Apr 14, 2015 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 7624

Re: Cost of College & Weighing the Merits of Top Schools

Semi-finalist might not have been HYP material, by the way. There are only a few hundred scores of a perfect 2400 on the SAT every year. 50% of those who apply to MIT are rejected, 60% at Yale and Princeton, and 80% at Harvard. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=601105#PaperDownload...
by TomatoTomahto
Tue Apr 14, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

There is room to disagree on this. It is not an obvious ripoff to me. That's what makes horse races. I'm curious, and I'm not trying to start an argument, but what situations do you see where spending that amount of money for an undergraduate degree is a prudent choice? I honestly can't think of an...
by TomatoTomahto
Mon Apr 13, 2015 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done (these are real numbers...I just looked yesterday and Northwestern is $68,xxx per year)? No institution is worth paying that amount of money out of pocket for an undergraduate education. period. Obvious...
by TomatoTomahto
Mon Apr 13, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

The CEO report is tainted because it doesn't normalize for number of graduates of each school. U Wisconsin and U Texas have a lot more graduates available to become CEOs than some other places. But no matter. Here is another report on CEOs: http://www.nytimes.com/2015/03/03/upshot/fewer-women-run-b...
by TomatoTomahto
Sun Apr 12, 2015 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Password manager recommendations?

I use RoboForm, because it syncs across devices and also fills out forms (address, phone number, CC, etc.).
by TomatoTomahto
Sun Apr 12, 2015 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Password manager recommendations?
Replies: 45
Views: 2492

Re: Cost of College & Weighing the Merits of Top Schools

So which are the 5 of 8 Ivy League schools are we talking about? Someone seems to think some sort of obvious superiority is apparent. Clearly Cornell is getting bashed, but which are the ones I am supposed to think inferior? Just curious. I don't necessarily share these opinions, but Business Insid...
by TomatoTomahto
Sun Apr 12, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

I'd like to offer another consideration, a logical one. If you are a high net-worth individual you don't brag about your wealth unless you talk with those of similar wealth. When you speak with those of lower wealth, you try to minimize yours to avoid being insensitive or cause envy. Likewise, if y...
by TomatoTomahto
Sat Apr 11, 2015 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Should I renege [on a] job offer?

Let me sum up what you have said so far. You like everything about the consulting job. You hate everything about the banking job. The pay at the latter is better, but the former is enough to live on comfortably and you've already accepted a position there. Why are you even considering this? Well..I...
by TomatoTomahto
Fri Apr 10, 2015 6:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 45
Views: 3228

Re: Cost of College & Weighing the Merits of Top Schools

I don't buy the premise that a great, but not "stellar" student will have a tougher time at Elite U versus a top State U honors program. Those honors schools have some brilliant superstars and the competition, once you are in, can be just as tough as at Elite Not only that, but grade infl...
by TomatoTomahto
Thu Apr 09, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Family member asking for money

Do you tithe/give to charity annually? If so you may be able to set up a charity fund account (I think Vanguard/Fidelity both have them) where you donate the money to the account and then you can "tell" the fund where you want the money to go. I havn't looked into this too much but it may...
by TomatoTomahto
Thu Apr 09, 2015 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 138
Views: 12903

Re: Need advice on investing an inheritance

Another option is that half the estate is a single family dwelling valued at around 400K. The estate must be split in half as there are two beneficiaries. I've gone back and forth on whether to take the house as my share and rent it with a rental stream of ~2000/month or to just sell the house and ...
by TomatoTomahto
Thu Apr 09, 2015 6:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on investing an inheritance
Replies: 35
Views: 3066

Re: Cost of College & Weighing the Merits of Top Schools

My point is this: say your kid wants to be a doctor, med school is guaranteed, so why go to Harvard pre-med when you can go to a very good state school program (if offered)? I'm not saying short-change your's or your child's education. I don't have the stats, but I would be surprised if even half o...
by TomatoTomahto
Wed Apr 08, 2015 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Should We Start Taking Social Security Out?

You could eventually know everything that you need to know by reading books. However, I found it worth every penny ($40) to go to http://www.maximizemysocialsecurity.com and let the software do the work. I suggest that you set up your ssa.gov accounts first (both of you) since some information on th...
by TomatoTomahto
Wed Apr 08, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should We Start Taking Social Security Out?
Replies: 10
Views: 945

Re: Landscaping budget and suggestions

We planted something IIRC called "Ecology Grass." My yard is not for playing golf, but rather is for us playing fetch with the dogs, and I don't believe that a lot of watering is a good idea. It is a hardy grass that isn't the prettiest looking, but it's green :D We also made sure to plant...
by TomatoTomahto
Wed Apr 08, 2015 9:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Landscaping budget and suggestions
Replies: 6
Views: 673

Re: Might Go $4,000 AAPL

ValueThinker wrote:There were similar sentiments about DEC, once, (do you even know what I am talking about when I say DEC?)

I still think that DEC's VMS is the most elegant, powerful, and architecturally sound OS I've used.

Computing's Betamax.
by TomatoTomahto
Wed Apr 08, 2015 7:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5198

Re: Cost of College & Weighing the Merits of Top Schools

Sometimes these discussions remind me of foodies explaining why some particular olive oil is worth the expense, or photographers who explain why their DSLR is worth it when an iPhone has x gazillion pixels, or some people who don't think an OLED TV is worth it when their LCD HDTV is fine (and I've h...
by TomatoTomahto
Tue Apr 07, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Paying for childrens' college

Yes the richer kids pay more so they have the necessary exposure to the poor kids. Wow! I have no doubt this is the way people making admission decisions think, but I have not seen it put in such stark terms! After years in a school district where such interaction is limited, one has to pay dearly ...
by TomatoTomahto
Tue Apr 07, 2015 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7871

Re: Cost of College & Weighing the Merits of Top Schools

For those that think that there is merit money at a top tier school, my real world experience says otherwise. The Ivies, don't give academic or athletic scholarships...only need based. And if you make over $120,000 or for some schools over $100,000, you won't be getting a dime for need. I agree, bu...
by TomatoTomahto
Tue Apr 07, 2015 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

For those that think that there is merit money at a top tier school, my real world experience says otherwise. The Ivies, don't give academic or athletic scholarships...only need based. And if you make over $120,000 or for some schools over $100,000, you won't be getting a dime for need. I agree, bu...
by TomatoTomahto
Tue Apr 07, 2015 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

I find the suggestion that one should determine the college list based on PSATs incomprehensible. For that matter, I wouldn't base it on SAT or ACT scores either. TomatoTomahto, Why not?? Those are easy tests. If someone cannot even rank among their peer at the top 96% for those easy tests, why bot...
by TomatoTomahto
Tue Apr 07, 2015 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

TomatoTomahto, Those state specific number are used to judge whether a person enter the semi-final or final rounds. But, before that, a person has to be in the top 50,000 out of 1.5 millions first. Aka, top (100% - 3.33%) = 96.67% percentage. If your children is not at least that, why waste time at...
by TomatoTomahto
Tue Apr 07, 2015 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524

Re: Cost of College & Weighing the Merits of Top Schools

Well you missed my whole point to the OP who is having a hard time deciding on whether to spend x amount of money on an elite school vs not. the discussion as far as I could tell was about money not whether one's child should go to a school where everyone would presumably be smarter making your chi...
by TomatoTomahto
Tue Apr 07, 2015 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16524
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