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Re: Step callable long term CD for fixed income- pros & cons

I would not recommend buying this product. Because this is a callable CD, you have to keep in mind that you only receive the rates advertised if they are below-market at the time the CD is callable. The first call date is April 2018. So, really, what you are buying is a 3-year CD that pays 3%. That...
by Wricha
Sat Mar 21, 2015 5:15 am
 
Forum: Investing - Theory, News & General
Topic: Step callable long term CD for fixed income- pros & cons?
Replies: 17
Views: 903

Re: To MBA or Not to MBA

If the company pays for it. Yes. If it's out of your pocket. Don't waste your money. This, in a nutshell. I concur. I was researching MBA programs about a year or so ago, but when I really thought long and hard about it, I came to the realization that: a) I REALLY, REALLY, REALLY, don't want to tak...
by Wricha
Sat Mar 21, 2015 4:58 am
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or Not to MBA
Replies: 37
Views: 4192

Re: 3% CD FDIC - Wells Fargo

if rates rise it won't be called and you will have it for quite awhile. If rates should go lower or stay the same, they will probably call it. You lose if rates should sink (they call it) and you lose if rates go through the roof (you are stuck with it). Only the last few years are really impressiv...
by Wricha
Fri Mar 20, 2015 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Step callable long term CD for fixed income- pros & cons?
Replies: 17
Views: 903

Re: What Age Did You First Ponder Financial Independence?

sschullo wrote:When I played Monopoly as a ten year old and I bought all of the houses and wiped everybody out. What fun!


sschullo - I have never ever lost a game of Monopoly šŸ˜„ loved that game!
by Wricha
Fri Mar 20, 2015 10:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6632

3% CD FDIC - Wells Fargo

[Thread moved into here, see below. --admin LadyGeek] [list=][/list]What do you folks think of this offer? TD Ameritrade is participating in the FDIC Insured* Wells Fargo & Company (SD) Callable Step-up CD offering. Offering details: Issuer: Wells Fargo & Company (SD) Rating: FDIC Insured* ...
by Wricha
Fri Mar 20, 2015 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: Step callable long term CD for fixed income- pros & cons?
Replies: 17
Views: 903

Re: If I Knew Then What I Know Now

There are two things that one can do to stay out of poverty. One, get a high school diploma. Two, get married and don't get divorced . Seems like their half way there. I would mention how divorce and raising kids in a single person family is pretty big nut to overcome financially. I think managing c...
by Wricha
Sat Mar 14, 2015 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 51
Views: 7289

Re: Do you really need 2.5 million to retire well?

BFG Being single requires adjustments but being single allows you to make those adjustments quickly and generally without a lot endless discussion. I do believe $2.5M is required if you want to maintain a house, a vacation home, travel and not worry about eating out whenever. Does not gaurantee livi...
by Wricha
Sat Mar 14, 2015 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 12707

Re: Best 4-6 person tent

The best - Alaskan guide tent. It will last you a life time. http://www.cabelas.com/product/Camping/Tents-Shelters/Camping-Tents|/pc/104795280/c/104779080/sc/105590880/Cabelas-Alaskan-Guide174-Geodesic-Tent-with-Aluminum-Poles-150-6-Person/1571267.uts?destination=%2Fcategory%2FFamily-Dome-Tents%2F10...
by Wricha
Fri Mar 13, 2015 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 1137

Re: An arm and a leg ... for a middle finger?

Maybe it is me (no it is) I just could not get past "dude" when referring to your physician. You would probably get a more thoughtful responses (from me at least) had you used physician or doctor.
by Wricha
Thu Mar 12, 2015 8:21 pm
 
Forum: Personal Consumer Issues
Topic: An arm and a leg ... for a middle finger?
Replies: 32
Views: 3437

Re: Rich dad, poor dad

There is at least a small baby in that bath water you folks are throwing out. Particularly, on a macro level. 1, Knowing why people are employees (seeking security) why self employed (seeking autonomy) etc. 2. Understanding viscerally your relationship with the government as your business partner (e...
by Wricha
Tue Mar 03, 2015 10:32 pm
 
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 3935

Re: How much did you have saved up for retirement at age 30?

$0 at 30 inflation adjusted $0
Debt free by 40
Financial independent by 50 (passive income exceeded income)
Fully retired 60

OP you are in good shape don't panic. Early in life I was worried about other things (advanced education and reducing debt) was not thinking of retirement.
by Wricha
Tue Feb 24, 2015 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 12997

Re: iPhone 6 Plus: Too large or Do You Get Used to It?

I thought I would try the plus and if I did not like it, I would get the six within the 15 day return window. Never thought of returning don't know how I used the 5s!
by Wricha
Sun Feb 08, 2015 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: iPhone 6 Plus: Too large or Do You Get Used to It?
Replies: 42
Views: 3105

Re: How to respond when someone asks how much money you make

I got this line from the Dalai Lama. When someone ask you a question that creates a no win situation. Simple say. "Why do you ask?"
by Wricha
Wed Feb 04, 2015 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10528

Re: Student Loan Payoff Advice

No brainer - pay off loan
by Wricha
Wed Feb 04, 2015 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff Advice
Replies: 11
Views: 1176

Re: How to transfer estate without including tax man

The difference is several M$ going to a charity or going to the government for taxes. I would prefer the money go to charity since the government already had it's first bite out of the apple.
by Wricha
Wed Jan 14, 2015 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re: How to transfer estate without including tax man

Good one Bob. Richard I would pay out a percent of the entire estate and if she need more it would be available.
by Wricha
Wed Jan 14, 2015 7:15 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re: How to transfer estate without including tax man

Thanks Bsteiner. That is the path I thought we were headed down. Although, I might have been uncomfortable giving away large assets prior to her death. I am sure the limit is more than enough, it seems crazy that all assets can't be retained before she dies. If not married, my choices are give her t...
by Wricha
Wed Jan 14, 2015 5:21 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re: How to transfer estate without including tax man

The assets today 85% liquid and 15% illiquid real estate primarily, along with cars and boat which I don't consider assets but the tax people like to, value them. 90% of the assets are in a taxable account and 10% tax deferred. We are not eligible for SS yet. Significant other has no interest (I mea...
by Wricha
Tue Jan 13, 2015 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re: How to transfer estate without including tax man

Yes over the course of the past year $14k. My mistake was fooling around in PA because it was convenient they shipped it to branch office in FL for a review. There are some specific requirement in FL about executors state residence etc. in all fairness I may of had $2k in taxes issues there, kinda o...
by Wricha
Tue Jan 13, 2015 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re: How to transfer estate without including tax man

Thanks Gil, Miakis and others. Correct not spouse, went to a lawyer in PA (I consult there) legal FL resident wound up with estate documents $14k worth and upon review did not get desired outcome. Back in FL now. Hopefully, they can use some of the documents as a template! I just thought there would...
by Wricha
Tue Jan 13, 2015 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

How to transfer estate without including tax man

I want to make sure "significant other" is taken care of, if I die first. Any money remaining after her pasting goes to a charity. Taxes are a way of life and I understand that, BUT paying taxes on my estate just bugs me since money was already taxed. I would like to avoid paying estate ta...
by Wricha
Tue Jan 13, 2015 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2450

Re:

Someone who can live on their pension and social security may have little need for, or ability to, save for retirement. Even with the decline in the number of people covered by pensions, that is still millions of people. Lower income people spend what they earn, and have little choice in the matter...
by Wricha
Tue Jan 06, 2015 6:44 am
 
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 27751

Re: Accepting counter-offer to stay at job

Wow you can be bought off for 15%! Have some pride, we are talking prostitution here. Anything less than 25% is merely a common street walker. "Shower you with money " 25% will barely get you wet after taxes. Believe what you want, it will ultimately be viewed as a shake down by current m...
by Wricha
Mon Jan 05, 2015 9:57 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6765

Re: Accepting counter-offer to stay at job

Do I understand you don;t get the promised increase for at least a month, and maybe not then? If that's the case, walk right out the door. No, I would not consider reneging on the other offer unless the new terms were effective immediately, in writing, presumably in lieu of next month's performance...
by Wricha
Mon Jan 05, 2015 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6765

Re: job advice: move to Florida Keys??

My first thought, are you running away from something or running to something? What is most clear about your thread is that you are not clear about what you want. I give you credit for taking responsibility for your situation. I would add, not to judge all "jobs" from this one not so great...
by Wricha
Sat Jan 03, 2015 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: job advice: move to Florida Keys??
Replies: 21
Views: 3508

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

1954.19
by Wricha
Thu Jan 01, 2015 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 20362

Re: What % of net worth is your home?

Man, there are tons of really rich people here owning their homes outright and yet having it only be a single digit portion of their portfolio. So with homes being a $400,000-$1,000,000 assets we have a lot of $5+ million net worth with many breaching the $10 million mark. Outstanding. Perhaps but ...
by Wricha
Tue Dec 23, 2014 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 11454

Re: Do I Pay Cash for my home?

I would do it in a New York minute.
by Wricha
Sun Dec 21, 2014 3:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I Pay Cash for my home?
Replies: 49
Views: 4126

Re: How do you define "being rich"?

Folks, IMHO, "being rich" mean that you can stay in your desired life style without working for money over X number of years. Now, if you do not have to work for money at all, you are financially independent. Aka rich in my opinion. Time is more precious than money. Given that some people...
by Wricha
Sat Dec 20, 2014 9:54 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9618

Re: How do you define "being rich"?

Trader Joe wrote:$15 million net worth. No less.



If you are looking for a number and not a philosophical/psychological definition. I have to agree with Trader Joe. The definition of the Middle Class Millionaire is $1-10M. 50% above that, with SWR of $600k seems about right for a beginning number for being rich.
by Wricha
Sat Dec 20, 2014 9:27 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9618

Re: How to best use upcoming windfall?

First: good for you. I have consultant/worked with many, many people that have been involved with windfalls equal and greater than yours at the same age. And when it happens everyone was asking what should they do? Many asked me for some reason. My advice was payoff school loans, cars and mortgage (...
by Wricha
Sun Dec 14, 2014 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to best use upcoming windfall?
Replies: 9
Views: 1371

Re: How should wife counter salary offer within current co.?

@tommy_gunn, thanks for that link again. This thread is of great interest to me because I would like to help my daughter (Masters degree in engineering) with not being a pansy like her mother with her first job and salary. I wonder how many folks who write "Of course one negotiates" are m...
by Wricha
Mon Nov 24, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5883

Re: Will AAPL's or GM's stock price double first?

batrleby wrote:Apple wins.

Apple Inc.
NASDAQ: AAPL - Nov 21 4:00 PM ET
116.35


Thanks - interesting comments.
by Wricha
Sat Nov 22, 2014 8:10 pm
 
Forum: Investing - Theory, News & General
Topic: Will AAPL's or GM's stock price double first?
Replies: 30
Views: 2484

Re: Social Security 62 vs 66

If one was never counting on SS and it is not part of their retirement plan. Should they wait or take early payment?
by Wricha
Sat Nov 22, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security 62 vs 66
Replies: 58
Views: 6210

Re: How To Invest Your Emergency Fund?

If you are established get an unsecured line of credit for emergency fund and invest the rest. A line of credit is not an emergency fund. It can get cut off in a moment. Unlikely, and if you are worried then get a secured line of credit. I did say if established. If a catastrophic event occurs I do...
by Wricha
Fri Nov 21, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: How To Invest Your Emergency Fund?
Replies: 97
Views: 15490

Re: How should wife counter salary offer within current co.?

I am not saying you should negotiate, but if your not willing to walk away you are not negotiating you are begging. So I am with your wife take the money and see what happens. Next time she may found herself in a position she can negotiate.
by Wricha
Fri Nov 21, 2014 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5883

Re: How To Invest Your Emergency Fund?

If you are established get an unsecured line of credit for emergency fund and invest the rest.
by Wricha
Thu Nov 20, 2014 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: How To Invest Your Emergency Fund?
Replies: 97
Views: 15490

Apple Stores - do they try to be awful?

I have used Apple products for over 20 years. Owned every product and give them high marks. Have a substantial amount of Apple stock (only individual stock). Every time I enter the store (different cities/stores) the experience is the same. The folks that work there are arrogant, aloof, and inflexib...
by Wricha
Tue Nov 18, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Apple Stores - do they try to be awful?
Replies: 41
Views: 6319

Re: Cost to furnish a condo

If you starting with nothing and buying new (pretty good stuff).- $30k did a 3 bedroom $40k nice not over the top. No window treatments but everything else.
by Wricha
Mon Nov 17, 2014 5:49 am
 
Forum: Personal Consumer Issues
Topic: Cost to furnish a condo
Replies: 29
Views: 6136

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

I am a bit surprised that this discussion has turned in such a disrespectful criticism of living below ones means. I take great joy in the execution of our frugality, but mean no disrespect to those suffering true hardship ( note: my office is next door to a homeless mission ). In my opinion we too...
by Wricha
Fri Nov 14, 2014 5:47 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51161

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

I am not saying you can't get their by eating fish heads and rice. I get it. If you did good for you, not trying to take anything away from your success. But, look at it this way, the top 1% begins with income of around $400k the top 1% of net worth begins around $8M. That $8M was not made by saving...
by Wricha
Wed Nov 12, 2014 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51161

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

I guess OP wants to know how. I don't believe most folks who have $3M+ got there by going to school and saving. My experience tells me you must have an outside interest such as a small business, real estate, or investing skills. I would suggest adopting one of these interests in addition to the day ...
by Wricha
Wed Nov 12, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 51161

Re: Tesla S

Re: Tesla S Unread postby UnclePennybags Ā» Mon Oct 20, 2014 5:35 am This thread was a fun read. You can add me to the list of Bogelhead Tesla owners. I shared the concerns expressed earlier about the lack of safety features, but the newest version of the Model S has gone from lacking blind spot dete...
by Wricha
Wed Oct 22, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 634
Views: 78078

Re: Where to buy municipal bonds directly?

Zions Direct. ( - https://www.zionsdirect.com) very good phone service, large selection of muni bonds, low commission, and you can buy small lots.
by Wricha
Thu Oct 09, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to buy municipal bonds directly?
Replies: 18
Views: 1601

Economic Statics

For you folks that like economic statistics :

http://scorecard.assetsandopportunity.org/2014/reports
by Wricha
Sun Sep 28, 2014 10:44 am
 
Forum: Investing - Theory, News & General
Topic: Economic Statics
Replies: 0
Views: 179

Re: Roll Call for the Retirement Class of 2014!

Wricha wrote: . . . So I guess it's official . . . Wow, awesome trip, I see that the date of "xx Sep - Wricha" is already over and you are now enjoying every Saturday (in retirement every day feels like a Saturday). I used to tell my Navy Team that "underway is the only way" . . ...
by Wricha
Thu Sep 25, 2014 1:41 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 279
Views: 29401

Re: Roll Call for the Retirement Class of 2014!

Victoria,
Right now I am anchored on the backside of Key Largo headed for the headed for the Dry Tortugas, left the Cheaspeak 11 days ago and I am not going back. So I guess it's official. Victoria I hope your out.
Thanks folks.
by Wricha
Wed Sep 24, 2014 7:18 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 279
Views: 29401

Re: Australia and New Zealand

Spent a month in Australia and a month in NZ. I think you would be wise to give that 3 or 4 weeks to NZ only. And 3 of the 4 weeks to the South Island. OMO NZ is easier to get around, much nicer scenery, very kind to Americans and generally more exciting. Australia is more cosmopolitan (Sidney) outr...
by Wricha
Fri Sep 19, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Australia and New Zealand
Replies: 47
Views: 4494

Re: How you, I, and everyone got the top 1% all wrong - Atla

You bet hicabob, I just hope the folks in Washington understand it!
by Wricha
Tue Aug 12, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How you, I, and everyone got the top 1% all wrong - Atlantic
Replies: 4
Views: 1729

How you, I, and everyone got the top 1% all wrong - Atlantic

This is an interesting look at top 1% . I guess, I knew this but never saw broken out this clearly.

http://www.theatlantic.com/business/arc ... qus_thread
by Wricha
Tue Aug 12, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How you, I, and everyone got the top 1% all wrong - Atlantic
Replies: 4
Views: 1729
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