Search found 160 matches

by Wricha
Fri Sep 04, 2015 1:11 pm
Forum: Personal Consumer Issues
Topic: How to avoid losing a cell phone
Replies: 39
Views: 1716

Re: How to avoid losing a cell phone

I have a cell phone case that holds 3 credit cards and cash (no wallet). So I genernally remember I need money!
by Wricha
Mon Aug 24, 2015 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Extra Money from Sale of Business
Replies: 5
Views: 382

Re: Extra Money from Sale of Business

I once, was involved in the sale of company where 50+ people made life changing amount of money. When I was asked what would you do; I simple said pay off debt. Almost 5 years later not one person has regretted that choice. Try it, if you don't like that choice take out a line of credit on house int...
by Wricha
Sun Aug 23, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Extra Money from Sale of Business
Replies: 5
Views: 382

Re: Extra Money from Sale of Business

Easy - pay off Mortgage

Good for you.
by Wricha
Sun Aug 23, 2015 7:35 pm
Forum: Personal Consumer Issues
Topic: Scoring a deal on a boat
Replies: 31
Views: 3065

Re: Scoring a deal on a boat

They say the two happiest days of your life are the day you buy a boat and the day you sell it. Cute line, never thought it had any merit. If you use your boat (safely and can afford it) you can have many great memories and experiences. People who do not use their boat or worry about the $100 chees...
by Wricha
Fri Jul 31, 2015 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 103
Views: 8687

Re: Who are you able to share good financial news with?

This was interesting tread for me. I have been self employed for 20 years so raises and promotions were not possible. My experience would be getting a big contract. I guess I was worried that my current contracted would be my last I never shared "good news" with anyone. Maybe I did not wan...
by Wricha
Tue Jun 30, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Re: Sychrony Bank - warning

Leif,

Using Safari 8.05 still does not work. Thanks for your help. I will give up.
by Wricha
Tue Jun 30, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Re: Sychrony Bank - warning

Leif,

Using Safari 8.05 still does not work. Thanks for your help. I will give up.
by Wricha
Tue Jun 30, 2015 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Re: Sychrony Bank - warning

Do you have the flash add-in for Safari? It really shouldn't matter, but Chrome does have flash built-in. So I'm wondering... When I get home I will try my Chrome browser on their website and see what happens. I was successful in logging in using the Chrome Browser on my Macbook. It is a mystery. M...
by Wricha
Mon Jun 29, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Support for Parents
Replies: 36
Views: 4352

Re: Financial Support for Parents

12 years ago my parents moved into a very nice retirement community (independent living) the community also provides the full continuum of services (assisted living, skilled nursing). The was an up front fee around $100k (my contribution unknown to parents) between SS, savings and small pension that...
by Wricha
Mon Jun 29, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Re: Sychrony Bank - warning

Leif It is interesting they let you use Safari on their site to check rates etc. You log on then it asks for further verification, account number and that is where it breaks down. The folks at Synchony said it works on site (most of the time) but will not work in the sercure section. Chrome also doe...
by Wricha
Mon Jun 29, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Re: Sychrony Bank - warning

If you are thinking of using Sychrony Bank because of few extra bases points. You might want to reconsider : 1. If you use Safari browser (Apple) it is not supported and you can't access your account information. (I spent hours and 3 phone calls to figure out they/Sychrony are the problem) 2. If yo...
by Wricha
Mon Jun 29, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 4440

Sychrony Bank - warning

If you are thinking of using Sychrony Bank because of few extra bases points. You might want to reconsider : 1. If you use Safari browser (Apple) it is not supported and you can't access your account information. (I spent hours and 3 phone calls to figure out they/Sychrony are the problem) 2. If you...
by Wricha
Thu Jun 25, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth aspiring to get more?
Replies: 131
Views: 18108

Re: Is it worth aspiring to get more?

This question occupies my mind more than it should. I vacillate between some days wanting to quit, start my own consulting business, triple my current income at least, live in a downtown area of a major city and pay people to do basic life tasks for me . Other days I feel like chucking it all in, b...
by Wricha
Mon Jun 08, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 10002

Re: close friend found out how much I have - bad outcome

I guess the first question you need to ask yourself is what out come do I want? If you want to prove to her that you are right by world opinion (Boglehead opinion) you will lose the friendship. Because if you are right by definition she is wrong and she is already in a bad place, so beating her up w...
by Wricha
Thu Jun 04, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: “Bridge” money/account until retirement
Replies: 13
Views: 1801

Re: “Bridge” money/account until retirement

I agree pay off Morgage. If you find out that, what you were hoping for in a new career doesn't materialize, you haven't made a bad financial decision.
I would not view this ($500k) money as a depleting asset.
by Wricha
Thu May 28, 2015 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Pediatric Practice
Replies: 15
Views: 2213

Re: Pediatric Practice

If you want to make a small fortune in a pediatric practice start with a very large one. This is just a very bad idea. Why, there simply is not enough money in that business, plus no expertise, a relative, solo practice, primary care, DC area. That is Russian roulette without an empty chamber. Sorry...
by Wricha
Tue May 26, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Net Worth
Replies: 12
Views: 2640

Re: Net Worth

It's all mental masturbation. What you live on is cash flow, including it or not including is not going to change your cash flow/financial situation.
by Wricha
Tue Apr 14, 2015 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why would anyone use Ally's 11-month CD?
Replies: 5
Views: 1225

Re: Why would anyone use Ally's 11-month CD?

Maybe they max out FDIC on banking accounts
by Wricha
Sun Apr 12, 2015 6:30 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8633

Re: Hypothetical End Game Scenario w/ 5M retirement account

I think $200k is a good lifestyle. But as you said you can't live like a rock star. What you may consider and this is not a Boglehead like suggestion, is to make a list of things that you may want Boat, Porsche, exotic vacation give money away whatever. Then if you have a good year with your investm...
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: 1217

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 4:58 am
Forum: Personal Finance (Not Investing)
Topic: To MBA or Not to MBA
Replies: 37
Views: 5104

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
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: 1217

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 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 8420

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 😄 loved that game!
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: 1217

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
Sat Mar 14, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 13369

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 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 15094

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
Fri Mar 13, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 2058

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
Thu Mar 12, 2015 8:21 pm
Forum: Personal Consumer Issues
Topic: An arm and a leg ... for a middle finger?
Replies: 32
Views: 4067

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
Tue Mar 03, 2015 10:32 pm
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 4607

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 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: 15873

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
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: 3579

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
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: 11532

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 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff Advice
Replies: 11
Views: 1299

Re: Student Loan Payoff Advice

No brainer - pay off loan
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: 2674

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 7:15 am
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2674

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 5:21 am
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2674

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
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: 2674

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 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2674

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 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2674

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 10:22 am
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2674

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 06, 2015 6:44 am
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 29406

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
Mon Jan 05, 2015 9:57 pm
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 7328

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 9:31 pm
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 7328

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
Sat Jan 03, 2015 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: job advice: move to Florida Keys??
Replies: 21
Views: 3686

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
Tue Dec 23, 2014 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 12558

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
Sun Dec 21, 2014 3:24 am
Forum: Personal Finance (Not Investing)
Topic: Do I Pay Cash for my home?
Replies: 49
Views: 4575

Re: Do I Pay Cash for my home?

I would do it in a New York minute.
by Wricha
Sat Dec 20, 2014 9:54 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 10426

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 9:27 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 10426

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
Sun Dec 14, 2014 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to best use upcoming windfall?
Replies: 9
Views: 1439

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 (...

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