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Sell, trade, or keep 2nd car?

Car in question is a 2008 BMW 328 with 35k miles on it. I recently moved close enough to work to not need to drive anymore. My wife still needs a car, so we are going to keep hers no matter what. However, I'm not sure what I should do. While right now I don't need a car, I'm not sure how long I'll b...
by countofmc
Tue Apr 22, 2014 7:10 pm
 
Forum: Personal Consumer Issues
Topic: Sell, trade, or keep 2nd car?
Replies: 8
Views: 404

Re: US NEWS 9 Most Affordable Placs 2 Retire

Living in the Bay Area, I've lost touch with how low COL can be in other parts of this country. I was watching House Hunters the other day and a couple in Fort Worth, TX purchased a 2200 sq ft home that looked terrific in what ostensibly looked like a good neighborhood for $175,000. Even that sounds...
by countofmc
Tue Apr 22, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: US NEWS 9 Most Affordable Placs 2 Retire
Replies: 21
Views: 2471

Re: Death of co-worker

My opinion is that it's just the fear of death, that mainly comes from the fear of the unknown. That's why, like you said, people of any age want to hang on to life. But generally people with terminal illnesses that know when their time will be up gradually accept that and come to peace with their ...
by countofmc
Wed Apr 02, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Death of co-worker

Building a good size portfolio is not with the intent to go crazy living lavishly, it's to provide peace of mind and smooth out the bumps when curve balls come along. Agree. I found it harder to stay on course and save when the goal was some distant and vague notion of retirement. But once I refram...
by countofmc
Wed Apr 02, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Frugal Fatigue

Human psychology in regards to spending/saving fascinates me, and I don't understand all of it, even my own. One thing that sometimes helps control my spending is the knowledge that I have the power to buy that at any time. So say I was tempted by a $5000 wristwatch or something. Well if I have the ...
by countofmc
Wed Apr 02, 2014 1:34 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9816

Re: Death of co-worker

Good thread. It is still wise to plan for the future in spite of our own mortality. There should be a balance between the saving for tomorrow and the spending during the now. My condolences to the OP. Exactly. It's a false dichotomy to say that you have to either save for the future or enjoy today....
by countofmc
Wed Apr 02, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Decently written article on retirement

The first example is a guy that had $130k in his retirement account in his 50s after a career of working. I just can't wrap my head around people like that of that age group (baby boomers mostly) who have that little saved. How the hell do you come of age in an era when tuition was what it was, an ...
by countofmc
Mon Mar 31, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Decently written article on retirement
Replies: 22
Views: 3121

Re: Time and benefits vs. money.

What did Gordon Gekko say in the 2nd movie? "Money is not the prime asset in life, time is"? Or something like that? I'm a firm believer in that. You give me the choice between a higher paying job with less free time and a lower paying job with more free time that would still give me enoug...
by countofmc
Mon Mar 31, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time and benefits vs. money.
Replies: 21
Views: 1574

Re: Death of co-worker

I wonder how retirement planning would change if there wasn't such a stigma attached to suicide. I think it's not as much a stigma as a mis-prediction of one's future self. At the age of 30, or 40, or 50, it's easy to say, "When I run out of money or health, whichever comes first, I will check...
by countofmc
Mon Mar 31, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Death of co-worker

I wonder how retirement planning would change if there wasn't such a stigma attached to suicide.

Kind of like the movie Looper.
by countofmc
Mon Mar 31, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Decently written article on retirement

The first example is a guy that had $130k in his retirement account in his 50s after a career of working. I just can't wrap my head around people like that of that age group (baby boomers mostly) who have that little saved. How the hell do you come of age in an era when tuition was what it was, an e...
by countofmc
Mon Mar 31, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Decently written article on retirement
Replies: 22
Views: 3121

Re: Death of co-worker

Contrary to popular belief, it's my opinion that retirement obsession is for fools. Life is the journey, and the biggest regrets are of actions not taken. Living on Ramen noodles for 40 years only to die a few months after retirement is a lot more common than you think. Live the life you enjoy livi...
by countofmc
Mon Mar 31, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9293

Re: Asset Protection and California Homestead Exemption

Just bumping this for the weekend crowd
by countofmc
Sat Mar 29, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asset Protection and California Homestead Exemption
Replies: 6
Views: 503

Re: What age did you reach 100K networth?

Early 30s, was pretty damn excited about it, until I found this thread.
by countofmc
Fri Mar 28, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 31230

Asset Protection and California Homestead Exemption

I'll try to keep this as brief and succinct as possible. I think generally for most people the Homestead Exemption here in California is 100k. For the expensive coastal cities, 100k can just be a standard down payment on a 500k home. So not hard to imagine the equity in your home could exceed 100k f...
by countofmc
Fri Mar 28, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asset Protection and California Homestead Exemption
Replies: 6
Views: 503

Re: Want to trade car for Small SUV: Financially good, bad,

"A happy wife..." and all of that. Your BMW is six years old, and though it only has 40k miles, I would bet on some significant maintenance expenses. New car warranty, better MPG and little or no maintenance for several years. No, you won't come out ahead on a strictly financial basis, bu...
by countofmc
Thu Mar 27, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Want to trade car for Small SUV: Financially good, bad, wash
Replies: 26
Views: 1958

Re: Want to trade car for Small SUV: Financially good, bad,

Consumer reports consistantly rates cars better for cost and reliability. However, BMW isn't exactly cheap to maintain (I've had a few of them). Smaller SUVs, crossovers and "tall cars" are all melding together. One that's new in 2013 is the Subaru Crosstrek. We bought one to replace an O...
by countofmc
Thu Mar 27, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Want to trade car for Small SUV: Financially good, bad, wash
Replies: 26
Views: 1958

Want to trade car for Small SUV: Financially good, bad, wash

We have 2 cars, one of them is a 2008 BMW 3-series with about 40,000 miles on it. We are at a different point in our lives with a more "suburban" lifestyle, and kind of desire the utility of a small SUV. Plus my wife is quite short, so she likes the higher ride height as it helps her see. ...
by countofmc
Wed Mar 26, 2014 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Want to trade car for Small SUV: Financially good, bad, wash
Replies: 26
Views: 1958

Re: How do I stop worrying about money?

I'm pretty neurotic about money (among other things) but since this your thread I'll keep it short: I'm paranoid almost daily that something will wipe out all that I've worked for. Not just a market crash, but getting sued over something stupid, a massive bank software error that zeroes out my accou...
by countofmc
Mon Mar 10, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do I stop worrying about money?
Replies: 66
Views: 5593

Re: Should we break lease and move closer to work?

Any way you can negotiate with the new apartment complex for some months at the lower price? Sounds a little fishy to me, but if it was an honest mistake, perhaps they can apologize financially. No, these apartments are so popular they'll laugh, give us back our deposit, and tell us good luck. But ...
by countofmc
Mon Mar 10, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Should we break lease and move closer to work?
Replies: 9
Views: 416

Re: Should we break lease and move closer to work?

Sounds a little like bait and switch, but maybe they just got a lot of interest in the apt, so they felt that the high demand justified the higher monthly rent. Someone will pay it, if not you. Do you have 2 cars? If the new place is so close to your workplaces, maybe you can start carpooling/using...
by countofmc
Mon Mar 10, 2014 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Should we break lease and move closer to work?
Replies: 9
Views: 416

Re: Should we break lease and move closer to work?

Thanks for the advice so far. I was thinking of making a separate thread for this issue, but maybe some of you will see this and provide some input. So if we move, we will be vacating our apartment a month early. Already talked to landlord, the one month rent is cheaper than the lease break fee that...
by countofmc
Mon Mar 10, 2014 9:45 pm
 
Forum: Personal Consumer Issues
Topic: Should we break lease and move closer to work?
Replies: 9
Views: 416

Should we break lease and move closer to work?

Currently my wife and I both have roughly 10 miles (30 minutes or so) each way commutes. We live in a big city, so this isn't too bad. However, there is a popular apartment complex much closer to both of our jobs that would cut our commutes in half and would let us carpool. 1 bedrooms (the type we a...
by countofmc
Mon Mar 10, 2014 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Should we break lease and move closer to work?
Replies: 9
Views: 416

Modest windfall from selling company stock: tax issues

My filing status for 2014 will be MFJ, anticipating about 110k gross income before stock sale. In January, I sold off some company stock from a former employer I purchased through the exercise of Incentive Stock Options. I exercised the options about 6 years ago. I received about $30,000 through thi...
by countofmc
Sun Mar 02, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Modest windfall from selling company stock: tax issues
Replies: 7
Views: 520

Re: Took the Plunge, Bought an Accord Hybrid

Did you get the passenger-mounted turning camera that shows the blind spot when turning left? I wonder how it works. Wait one review says it shows the right side and they want it on the left. Seems like a great car... It shows the right (passenger) side blind spot. It activates when you turn on the...
by countofmc
Sat Feb 22, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Took the Plunge, Bought an Accord Hybrid
Replies: 45
Views: 3928

Re: What's your dream car?

MB S-Class or Lexus LS460.

I have a thing for large luxury sedans.
by countofmc
Tue Jan 21, 2014 2:10 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 177
Views: 8955

Good/ enjoy math, but dislike programming: College major?

Asking this question here because this forum seems to have a number of high-income successful individuals, particularly in the programming/ engineering type fields. My younger sibling is currently a college freshman. He started as a Comp Sci major. He's good at math and has always enjoyed it, but he...
by countofmc
Sun Jan 12, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3210

Re: Forgot my ROTH IRA Contributions

I feel silly and stupid, but it is what it is. My wife and I, over roughly a combined 30 year working career so far, have made haphazard contributions to our ROTH IRA accounts - couple hundred here, couple thousand there. We did not track the when/how much of these contributions over the years. In ...
by countofmc
Tue Nov 12, 2013 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Forgot my ROTH IRA Contributions
Replies: 4
Views: 462

Forgot my ROTH IRA Contributions

I feel silly and stupid, but it is what it is. My wife and I, over roughly a combined 30 year working career so far, have made haphazard contributions to our ROTH IRA accounts - couple hundred here, couple thousand there. We did not track the when/how much of these contributions over the years. In 2...
by countofmc
Tue Nov 12, 2013 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Forgot my ROTH IRA Contributions
Replies: 4
Views: 462

Re: Imputed Value of NOT commuting

I am generally allowed to telecommute 3 days/week. Plus I have some additional schedule flexibility. For example if one day I want to work 4 hours in the office, go to a doctor's appt, and finish the rest of the day from home, I'm allowed to do so. My boss is fairly flexible as long as I don't get a...
by countofmc
Mon Nov 11, 2013 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Imputed Value of NOT commuting
Replies: 28
Views: 2010

Re: Looking to purchase a Camera... Any Suggestions

Hi Guys, I am looking to purchase a decent camera, I have been thinking about canon G15, do you guys have any experience with it? I have long been thinking that canon is the best, Is the playing field changed? Are panasonic and fujiflim etc offerings good? Thanks a lot for your guidance... To help ...
by countofmc
Mon Nov 11, 2013 2:57 pm
 
Forum: Personal Consumer Issues
Topic: Looking to purchase a Camera... Any Suggestions
Replies: 71
Views: 2946

Re: comments on small luxury SUV options? Want safer auto.

Also, I'd eliminate the X1 and the Escape right off the bat. If you are going to seriously consider the Escape, I think you should then open up the possibility of non-luxury small SUVs, and maybe get the Forester back in there as that seems to be the class of that class. I believe the X1 is the ligh...
by countofmc
Mon Nov 11, 2013 2:45 pm
 
Forum: Personal Consumer Issues
Topic: small luxury SUV options? EDIT: the hunt is over
Replies: 31
Views: 3300

Re: comments on small luxury SUV options? Want safer auto.

IIRC, large sedans (4000 lbs +) are statistically just as safe if not safer than small SUVs because they have the mass and are less likely to rollover. So might be worth a consideration. Now, among your list, would be easy choice for me - XC60. Your primary reason for wanting a newer car seems to be...
by countofmc
Mon Nov 11, 2013 2:18 pm
 
Forum: Personal Consumer Issues
Topic: small luxury SUV options? EDIT: the hunt is over
Replies: 31
Views: 3300

Re: Short on income/prospects, long on time: How to maximize

I'll give this one final bump, and then retire it.
by countofmc
Tue Nov 05, 2013 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short on income/prospects, long on time: How to maximize?
Replies: 7
Views: 1234

"Safe" funds to hold in ROTH IRA?

My next big financial goal is to purchase a home. I'm looking at a time horizon of anywhere from 2-5 years depending on personal circumstances and how fast I can save up a down payment. There's also a chance I may delay the purchase of a home indefinitely as well. As such, I'd like to save my down p...
by countofmc
Tue Nov 05, 2013 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Safe" funds to hold in ROTH IRA?
Replies: 11
Views: 1029

Re: Pull-ups and Push-ups

Exercise is one of those things that I should probably make a point to do. The problem is-- I really don't like to sweat. Nor do I particularly enjoy exercise. In fact, you could say that I dislike it. And since I'm not much of a masochist, I tend to not engage in activities that I don't enjoy. I'l...
by countofmc
Sat Nov 02, 2013 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 260
Views: 23961

Re: Pull-ups and Push-ups

I like working out at home once in a while, doing mostly body weight workouts. My main problem is working my back - those removable doorway pull up bars don't work very well with the doorways in my apt, and since I'm a renter I can't drill in a pull up bar either. And if I am going to go to the loca...
by countofmc
Sat Nov 02, 2013 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 260
Views: 23961

Re: Short on income/prospects, long on time: How to maximize

Since you say you have a lot of time why are you saving so much for your retirement, 1/3 or 33% of your salary? Is your goal to retire at 50? What if you saved 15% toward retirement and saved the other 18% for a downpayment on a house. Saving 15%, especially if you are starting in your 20's, should...
by countofmc
Mon Oct 21, 2013 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short on income/prospects, long on time: How to maximize?
Replies: 7
Views: 1234

Re: Software engineering jobs not paying that much?

In Silicon Valley hiring is crazy and salaries are through the roof (for developers with the right skills). http://www.businessinsider.com/record-salaries-for-valley-programmers-2013-10 The demand is mostly for Web2.0 programmers - both front end and back end work - LAMP programming, cloud storage ...
by countofmc
Wed Oct 16, 2013 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Software engineering jobs not paying that much?
Replies: 25
Views: 2967

Re: Software engineering jobs not paying that much?

I live in Silicon Valley. Not a SE, but know and am friends with quite a few of them obviously. The ones I'm close enough with to ask about salaries are back-end web developers. Generally early-mid 30s, about 10 years exp, salary all-in (with bonus) seems to be in the $150k range.
by countofmc
Wed Oct 16, 2013 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Software engineering jobs not paying that much?
Replies: 25
Views: 2967

Re: Short on income/prospects, long on time: How to maximize

I should have clarified, although not sure if it really matters. We don't really save an after-tax income right now, because we save all we can in our 401ks. But if we were to stop 401k contributions (outside of company match) we'd be able to save about 1/3 of our AFTER-tax income.
by countofmc
Tue Oct 15, 2013 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short on income/prospects, long on time: How to maximize?
Replies: 7
Views: 1234

Re: Short on income/prospects, long on time: How to maximize

Because we are prioritizing retirement savings, so the majority of that money goes into tax-deferred accounts like Roth IRA and 401k. We do no saving (besides E-fund)outside of retirement accounts.

Even if we were to switch to saving for a home, it would take years because we live in the Bay Area.
by countofmc
Mon Oct 14, 2013 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short on income/prospects, long on time: How to maximize?
Replies: 7
Views: 1234

Short on income/prospects, long on time: How to maximize?

My wife and I are currently doing okay financially, I think. We are both gainfully employed and manage to put away about 1/3 of our post-tax income every month. But our budget is cut to the bone, and we have no kids and rent. If we are to meet some of our goals, such as purchasing a home and MAYBE h...
by countofmc
Mon Oct 14, 2013 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short on income/prospects, long on time: How to maximize?
Replies: 7
Views: 1234

Re: 2007 Honda Civic, to sell or not to sell?

You received some good responses regarding the finances. I'd also consider which car you'd buy to replace your Civic. If you want to get another Civic, the 2007 generation is probably better than the current car (despite the 2013 "emergency" update the Civic went through). My opinion (I'm ...
by countofmc
Wed Oct 02, 2013 11:54 am
 
Forum: Personal Consumer Issues
Topic: 2007 Honda Civic, to sell or not to sell?
Replies: 57
Views: 2663

Re: Starting to tune out: Stupid or wise?

The only thing I would say is to give back. I think it is fair that you teach for at least as much time as you have spent here learning. And by the way... there are gem's every now and then even for the know-it-all's like me. I usually have nothing intelligent to add compared to most of the folks h...
by countofmc
Mon Sep 23, 2013 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting to tune out: Stupid or wise?
Replies: 13
Views: 1498

Re: Starting to tune out: Stupid or wise?

No, this is terrible! You must follow every thread in the forum and comment on most of them, or you are risking imminent catastrophe!!! :mrgreen: Haha, just to be clear, I'm not making any kind of negative comment about this forum, it's been an invaluable source of advice and collective wisdom. I'm...
by countofmc
Mon Sep 23, 2013 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting to tune out: Stupid or wise?
Replies: 13
Views: 1498

Starting to tune out: Stupid or wise?

I don't know exactly why, but over the last year I've just stopped being so proactive regarding my personal finances. I used to lurk and read this forum pretty compulsively, I don't even do that much anymore. I'm just subscribing to KISS: I've built up an e-fund and try to invest 20-30% of our salar...
by countofmc
Mon Sep 23, 2013 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting to tune out: Stupid or wise?
Replies: 13
Views: 1498

Re: Choice Of Weapon For Personal Home Self Defense

So far I've resisted purchasing a gun because I feel there is enough security "built-in". I live on a non-ground floor apartment of a gated complex in a relatively safe neighborhood. I've never heard of anyone's home being broken in here. But at the same time I feel having a weapon of som...
by countofmc
Mon Aug 26, 2013 10:23 am
 
Forum: Personal Consumer Issues
Topic: Choice Of Weapon For Personal Home Self Defense
Replies: 123
Views: 5666

Re: Choice Of Weapon For Personal Home Self Defense

Your choice of weapon *and* ammunition depends on whether you are in an apartment with other people in close promixity or if you are in a single family home. You don't want your errant shot to go somewhere it wasn't intended and you end up with a lawsuit on your hands. Just out of curiosity, if one...
by countofmc
Sun Aug 25, 2013 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Choice Of Weapon For Personal Home Self Defense
Replies: 123
Views: 5666

Re: Need advice on how to allocate my savings/investment mon

I bonds are a perfectly acceptable option as well, particularly if you planned on restricting your Roth investments to low-risk products (which is likely advisable when using it as a part of an emergency fund, at least until your "Roth EF" is much larger than your needs might be). Sounds ...
by countofmc
Mon Aug 19, 2013 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on how to allocate my savings/investment money
Replies: 5
Views: 533
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