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Re: If your networth is over $3 million, how did you do it?

I'm curious as to how people calculate their network. Liquid network that excludes home equity, households items, etc.? Do you include the full balance of your 401k? I look at my 401k as a joint account with the IRS since they will get a portion of it when I get to the withdraw phase. Do you includ...
by TomatoTomahto
Sun Mar 01, 2015 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 49993

Re: Has anyone ever voluntarily downsized their job?

I downsized a few times. The first time, I decided that I enjoyed influence more than power. I became the right-hand of a powerful executive and moved up with him. I had more influence than ever, but nobody was gunning for me. That ended when "my guy" changed jobs and I wasn't in a positio...
by TomatoTomahto
Sun Mar 01, 2015 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 32
Views: 2698

Re: Replace or repair dishwasher

I see many recommendations for Bosch. Some of the local installers (ie, people who would not be selling me the DW) say that they would recommend Miele over Bosch, although they say that Bosch is also a good DW. Thoughts? Since there seems to be a growing consensus that replacement is the answer, I d...
by TomatoTomahto
Sun Mar 01, 2015 11:30 am
 
Forum: Personal Consumer Issues
Topic: Replace or repair dishwasher
Replies: 26
Views: 1158

Re: Wife doesn't want to retire - I do

With respect to the poster whose wife's career took off when he retired, I have no doubt that this is true for many women in their 30s and even 40s--just as it has been true for men for decades that having a SAHW has helped their career--it seems unlikely to me to be equally as true for empty neste...
by TomatoTomahto
Sun Mar 01, 2015 11:24 am
 
Forum: Personal Consumer Issues
Topic: Wife doesn't want to retire - I do
Replies: 60
Views: 4996

Re: Is a generator worth it?

It wasn't too long ago that my parents sold their 75 year old house with a buried fuel oil tank. The house was sold easily, and they didn't need to dig up the tank or do any other remediation. If this makes your house unsaleable there are a large percentage of the houses in the northeastern U.S. th...
by TomatoTomahto
Sun Mar 01, 2015 8:21 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5205

Re: What is your favorite consumer product?

That's really funny, TomatoTomahto. Just last week I found the same thing about the NB shoes I've bought for 15 years -- no longer being made, and the replacements are completely different. So I ordered 5 pairs online and my wife laughed at me. I'll tell her about the 42 just to annoy her! Always h...
by TomatoTomahto
Sun Mar 01, 2015 8:02 am
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Wife doesn't want to retire - I do

My dream is to retire and have DW keep working. We've already had the discussion and she is on board with it. Unfortunately, I currently make more than her. This dream will take a few years to materialize until her income matches my current. I don't feel guilty at all as I will be watching our kids...
by TomatoTomahto
Sat Feb 28, 2015 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Wife doesn't want to retire - I do
Replies: 60
Views: 4996

Re: How do I learn to like sushi?

I wasn't put off by the idea of sushi, but just didn't care for the taste of most of it. California rolls are pretty good, so if sushi is what's available, I'll eat some of those.
by TomatoTomahto
Sat Feb 28, 2015 2:08 pm
 
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 78
Views: 4170

Re: Wife doesn't want to retire - I do

I am 63 yo; my wife is 57. I "retired" from getting a 3rd party paycheck more than a decade ago. I became a SAHD; the nest will be empty of human offspring in another year or so, although we have 4 pets that require varying levels of commitment. I am looking into things to do. I envy you t...
by TomatoTomahto
Sat Feb 28, 2015 1:47 pm
 
Forum: Personal Consumer Issues
Topic: Wife doesn't want to retire - I do
Replies: 60
Views: 4996

Re: What is your favorite consumer product?

The often quoted rule of thumb for retiring running shoes is every 400 miles. So 42 pairs will propel her 16,800 miles or two thirds of the Earth's Circumference of 24,901 miles. Purchasing 20 more shoes would complete the circumnavigation of the planet. :shock: But then she'll be right back where ...
by TomatoTomahto
Fri Feb 27, 2015 3:25 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Is a generator worth it?

When I requested a permit to do just that, the town clerk said "you will never get a permit to have a bomb in our town." When I offered to bury it underground, she made some comment about a buried bomb just being a land mine. We reverted to the natural gas solution. :D Uh, I'm sure you sa...
by TomatoTomahto
Fri Feb 27, 2015 2:46 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5205

Re: Is a generator worth it?

Don't go natural gas. Any disaster (earthquake, hurricane, floor, etc.) could shut down natural gas. Go with propane or gasoline. You can get a 300-500lb propane tank for under $700 and bury half of it to keep it out of sight. When I requested a permit to do just that, the town clerk said "you...
by TomatoTomahto
Fri Feb 27, 2015 1:09 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5205

Re: Is a generator worth it?

We moved onto our block 20 years ago. Nobody had a generator. Then someone built a house with a basement that flooded easily; they put in the first generator. Now, of the 8 houses on our block, 7 have generators. A funny side note: the house without a generator has a Tesla :oops:
by TomatoTomahto
Thu Feb 26, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5205

Re: Is a generator worth it?

First storm, we lost power for 6 days or so. I wanted a generator, but my wife said that it was the first time in a zillion years that a power loss lasted longer than a few hours, so "what are the odds?" The next year we lost power for 8 days. I started the process for a 20kwh generator th...
by TomatoTomahto
Thu Feb 26, 2015 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5205

Re: What is your favorite consumer product?

If your wife runs out (pun) of New Balance it could be unbalancing (pun). She has two options: 1. Find her favorite shoes on Amazon.com (or another web marketplace) and buy enough for the next 20-30 years. 2. Start researching other shoes for suitability. If you go with option-1 please post an upda...
by TomatoTomahto
Thu Feb 26, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: What is your favorite consumer product?

My wife likes New Balance running shoes. When she heard that they were discontinuing her favorite model, she went online and found 42 pairs. Some remain, but they don't last forever even unused, so I guess she'll have to find some other model. http://i61.tinypic.com/33p4ndx.jpg hahahahaha. There ar...
by TomatoTomahto
Thu Feb 26, 2015 12:54 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Which Car? struggling to decide

As an old man, if you think you need to lease a car to enjoy your youth, you're doing youth wrong. We spend a lot on cars and pay cash. If you ever doubt whether that makes more sense than leasing, look at the salesman's face when you decline the opportunity to lease. They just saw profit evaporate....
by TomatoTomahto
Wed Feb 25, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Which Car? struggling to decide
Replies: 45
Views: 2802

Re: Is it actually impossible to time market crashes?

I can't say I timed it, but when I looked out my office door and saw my admin day-trading, and heard all the excited jabbering with coworkers, I knew that something had to give. And, some months later, the dot com bubble burst. I avoided most of the pain, but did not speculate via shorts or options....
by TomatoTomahto
Wed Feb 25, 2015 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 2999

Re: How do you plan on spending your time during retirement?

As mentioned a few times in other posts, I plan to setup and run more free clinics and orphanages in developing countries. See some patients on a part time basis when back in the US. I cannot imagine doing anything else with my life, it is simply what I was born to do. See my signature. :happy My f...
by TomatoTomahto
Wed Feb 25, 2015 7:36 am
 
Forum: Personal Consumer Issues
Topic: How do you plan on spending your time during retirement?
Replies: 43
Views: 3075

Re: What is your favorite consumer product?

rikki wrote:All-Clad soup pot

Le Creuset Dutch Oven
by TomatoTomahto
Tue Feb 24, 2015 8:09 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Spending trajectory for families with kids?

They would have been better off financially just to put the money in a 529 and not worry about the athletic scholarship in the first place. Most HS coaches if they are honest will tell you this. I've seen this often in hockey also. If they love the game and you can afford it, it can be wonderful. A...
by TomatoTomahto
Tue Feb 24, 2015 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3453

Re: What is your favorite consumer product?

My wife likes New Balance running shoes. When she heard that they were discontinuing her favorite model, she went online and found 42 pairs. Some remain, but they don't last forever even unused, so I guess she'll have to find some other model.

Image
by TomatoTomahto
Tue Feb 24, 2015 12:47 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Spending trajectory for families with kids?

Be very wary of anything you read. For instance, some of the numbers I've seen suggest all kids get braces, then new cars when they turn 16, and play on a travelling hockey team, except when they are competing in motocross while going to private schools. Hey!! The kids didn't tell me they were doin...
by TomatoTomahto
Mon Feb 23, 2015 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3453

Re: iPad users: what browser are you using?

I'm partial to Mercury on my iPad.
by TomatoTomahto
Mon Feb 23, 2015 7:18 pm
 
Forum: Personal Consumer Issues
Topic: iPad users: what browser are you using?
Replies: 28
Views: 1837

Re: Will Admiral shares drop to Investor share?

The only time I've had shares go from Admiral to Investor is when it was my action, not the market's, that made the amount go under the minimum (ie, I sold shares). When the value dropped due to price, Vanguard left the status unchanged, although they do reserve the right to do otherwise.
by TomatoTomahto
Mon Feb 23, 2015 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Admiral shares drop to Investor share?
Replies: 6
Views: 1083

Re: Alternatives if your company does not offer 401K

I'm with Sphinx and retiredjg: taxable savings are very nice. No RMDs, typically smallish taxes when you withdraw money, etc. Not as nice as Roth money, but not shabby either. It is nice to be tax diversified: taxable, deferred, and Roth so you can manage, within the rules, how much and what kind of...
by TomatoTomahto
Mon Feb 23, 2015 8:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Alternatives if your company does not offer 401K
Replies: 7
Views: 622

Re: Help me find my friend !

drawpoker wrote:TomatoTomahto, I took anon1234's post as a jest, not serious.

Particularly considering the user name. :wink:


Good point! :D
by TomatoTomahto
Sun Feb 22, 2015 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Help me find my friend !
Replies: 31
Views: 3221

Re: Help me find my friend !

Edit: changed my mind. Not really sure who you are or if I should be helping you do this. My guess is that anyone with nefarious intent either already knows how to track someone down, or would find out at someplace other than BH. But, you are right that one should be careful. I personally have foun...
by TomatoTomahto
Sun Feb 22, 2015 2:46 pm
 
Forum: Personal Consumer Issues
Topic: Help me find my friend !
Replies: 31
Views: 3221

Re: Luxury Car

I re-read the OP, and have to agree with psteinx's post that it is probably unwise if you're near or just at the two comma mark to spend $130k for a car. $80k, otoh, is not as reckless. Just my 2 cents.
by TomatoTomahto
Sun Feb 22, 2015 2:22 pm
 
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 81
Views: 5455

Re: Luxury Car

We have had a succession of Range Rovers, with the last one a Supercharged one, which as configured just crossed the $100k line after discounts. My wife likes them; I get her hand-me-downs. Hers is fast, very comfortable, and can stop on a dime (as my wife discovered last week when a lunatic stopped...
by TomatoTomahto
Sun Feb 22, 2015 10:48 am
 
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 81
Views: 5455

Re: Prom budget for teenage girl?

My son's date got a beautiful gown at a vintage/thrift shop. I think she had someone do her hair that day, and she did get a Boutonniere for him. The kids both go to a private school and while many families can afford any kind of limo and extravagance, out of consideration for their classmates who m...
by TomatoTomahto
Fri Feb 20, 2015 11:19 pm
 
Forum: Personal Consumer Issues
Topic: Prom budget for teenage girl?
Replies: 82
Views: 4640

Re: What is your favorite consumer product?

Invisible Fence -- lets my dog enjoy our yard for hours in good weather. In today's 1 degree cold, lets her do her business quickly while I finish my cup of coffee in the warm kitchen. As close to priceless as it gets in my life. I had a friend whose dog disappeared from his yard when he had one of...
by TomatoTomahto
Fri Feb 20, 2015 10:37 am
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: What is your favorite consumer product?

Invisible Fence -- lets my dog enjoy our yard for hours in good weather. In today's 1 degree cold, lets her do her business quickly while I finish my cup of coffee in the warm kitchen.

As close to priceless as it gets in my life.
by TomatoTomahto
Fri Feb 20, 2015 7:27 am
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Car Battery in Unusual Cold

My son's two year old battery started his car instantaneously after sitting in often single digit weather for a month. My eight year old battery managed to start my car, with reluctance, after it sat outside overnight. Are we tired of this winter yet?
by TomatoTomahto
Thu Feb 19, 2015 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Car Battery in Unusual Cold
Replies: 87
Views: 3726

Re: The 8x retirement savings rule

As I've joked before, Dang! My wife got a raise and if that doesn't stop, we'll never get to retire :confused
by TomatoTomahto
Thu Feb 19, 2015 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7719

Re: The 8x retirement savings rule

And most people will certainly not take the time to crunch the numbers and figure their expenses. ShiftF5, I do not understand this statement. It is easy to figure out a person's annual expense. Take the gross income, Take out the tax. Take out the savings. What is left is the annual expense. It is...
by TomatoTomahto
Thu Feb 19, 2015 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7719

Re: Help me find my friend !

I have been batting close to 100% on Facebook. LinkedIn can also work, especially if they're still working or were recently. Be prepared -- I found out via FB that one person unexpectedly (she was younger than me) passed away. But, as a consolation, I discovered that she had married what appeared to...
by TomatoTomahto
Thu Feb 19, 2015 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Help me find my friend !
Replies: 31
Views: 3221

Re: BRK A vs. B

Why not a low cost index fund instead such as Vanguard Total Stock Market Index Fund (which contains Berkshire Hathaway)? We bought BRK a good long while ago. Since then, we have sold any other individual stocks, but the LTCG on BRK would make it expensive to sell now. It doesn't pay dividends, whi...
by TomatoTomahto
Wed Feb 18, 2015 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2282

Re: Anyone have issues streaming Amazon Prime instant video?

I stream using a Roku 3, and there is no picture shrinkage. For a brief period I used Amazon's Fire TV (the box, not the dongle) and the voice search, picture quality, and overall speed were stunning. Unfortunately, the software favors Amazon over Netflix, so I returned it and went back to my Roku. ...
by TomatoTomahto
Wed Feb 18, 2015 5:54 pm
 
Forum: Personal Consumer Issues
Topic: Anyone have issues streaming Amazon Prime instant video???
Replies: 9
Views: 655

Re: BRK A vs. B

Why not a low cost index fund instead such as Vanguard Total Stock Market Index Fund (which contains Berkshire Hathaway)? We bought BRK a good long while ago. Since then, we have sold any other individual stocks, but the LTCG on BRK would make it expensive to sell now. It doesn't pay dividends, whi...
by TomatoTomahto
Wed Feb 18, 2015 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2282

Re: Large Age Gap with Spouse/Partner

Deleted for being off topic
by TomatoTomahto
Wed Feb 18, 2015 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5156

Re: Large Age Gap with Spouse/Partner

Deleted for being off topic
by TomatoTomahto
Wed Feb 18, 2015 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5156

Re: What is your favorite consumer product?

FIOS Quantum DVR.
by TomatoTomahto
Wed Feb 18, 2015 1:05 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9837

Re: Accountant Cost When Taxes Done During Meeting

If I didn't have a longstanding relationship with my guy, I'd PM you for your guy's contact information. A bargain IMO.
by TomatoTomahto
Wed Feb 18, 2015 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Accountant Cost When Taxes Done During Meeting
Replies: 19
Views: 1454

Re: Dave Ramsey Lashes Out at His Financial Critics

... To correct your analogy, it would be like McDonalds advertising that they are a health food restaurant. Yeah, the lettuce and tomatoes are healthy, just as the getting out of debt advice is healthy. But "the meat"/main course of both products....Dave Ramsey's investment advice and The...
by TomatoTomahto
Wed Feb 18, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9662

Re: Large Age Gap with Spouse/Partner

Enebyberg, you might want to run the numbers, but I found that the kids' benefits swung the decision to filing early. I was/am a SAHD, who left the work force in my early 50s, so that affected it also. You might want to use www.maximizeyoursocialsecurity.com (well worth the $40 IMO).
by TomatoTomahto
Wed Feb 18, 2015 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5156

Re: Large Age Gap with Spouse/Partner

When he turns 65, assuming he is contributing to or has contributed to, Social Security - the child(ren) will get funds from Social Security until age 18. It's a bit coincidental to the thread, but I wanted to correct a couple of errors with the above statement. He can file as early as 62, and chil...
by TomatoTomahto
Wed Feb 18, 2015 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5156

Re: Not clearing snow from driveway

drawpoker wrote:
Have I been fearing electrocution needlessly :? :?

? ? ?

I have a heated mat that I sometimes put down to melt ice on our landing. It came with its own GFI power cord.
by TomatoTomahto
Tue Feb 17, 2015 5:17 pm
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5808

Re: Not clearing snow from driveway

Lest it sound that I'm putting delivery people at risk, I have removed the few feet of snow we got this winter. I was debating getting rid of the 2" or so we got last night. Salt has been spread, but it's not that useful in single digit (and lower) temps. Once the ground thaws, I'm getting a ma...
by TomatoTomahto
Tue Feb 17, 2015 11:26 am
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5808

Re: BRK A vs. B

We own one A share and a handful of B shares. Some day we will have to exchange the A share so that we don't get hit with a walloping cap gains tax bill at one time. For now, I'm not buying any more but also not selling. It's our only individual stock (other than employer involuntary shares).
by TomatoTomahto
Tue Feb 17, 2015 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: BRK A vs. B
Replies: 36
Views: 2282
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