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Re: Paying car loan vs. Investing in Roth IRA

You lose out long term because you miss out on the compounding tax free power of your Roth contribution. If you get a real return of 5% over the next 40 years that $1000 will be worth $7000 in 2014 dollars in 2054.
by supersharpie
Wed Apr 16, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying car loan vs. Investing in Roth IRA
Replies: 6
Views: 356

Re: Poll: Are you going to retire? And if so, when?

I am 30 now and want to retire as soon as possible. I am in the camp that feels "life is short, I could die tomorrow, the sooner I can pursue leisure/volunteer activities 24/7 the better." My hope is to retire after 25 years of Federal employment, assuming an "early retirement package...
by supersharpie
Mon Mar 10, 2014 8:31 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Are you going to retire? And if so, when?
Replies: 38
Views: 2979

Re: Can I retire yet?

I was reading your opening post and really liked the total assets, the social security, and the pension. Then I got to the $580,00 mortgage, $120K in expenses, and $60K in travel. Wow! I have never in my life spent anywhere near that let alone each year. I would be worried about retiring with $2.5 ...
by supersharpie
Sun Mar 09, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire yet?
Replies: 85
Views: 5810

Re: 62 years old - starting all over again

Sounds like she panicked and sold out when the market bottomed out. If you are going to take on "a lot" of risk you have to be ready for the market to bottom out again. This time you cannot sell.
by supersharpie
Thu Mar 06, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 62 years old - starting all over again
Replies: 27
Views: 4430

Re: Replace less than 80% of income in retirement?

OP, my wife and I are 30 and our combined income is around 130k. We are managing to save $35,000 a year to our 401ks. From 2010-2013 we were also able to max out out our Roth IRAs so we now have over 200k in retirement savings. It's a really good feeling knowing that we are putting ourselves in a po...
by supersharpie
Thu Mar 06, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: Replace less than 80% of income in retirement?
Replies: 52
Views: 3308

Re: When is the best time to book a flight?

We put a significant premium on non-stop flights. However, if we wait for the usual "sweet spot" for low fares 8 weeks away from departure and discover that the non-stop is sold out it would not destroy our trip by any means.
by supersharpie
Thu Mar 06, 2014 1:21 pm
 
Forum: Personal Consumer Issues
Topic: When is the best time to book a flight?
Replies: 11
Views: 1189

Re: When is the best time to book a flight?

UGH! They jacked the fare up $100 in the last couple hours! I have learned my lesson, the next time it dips below $600 I will be buying!
by supersharpie
Thu Mar 06, 2014 1:58 am
 
Forum: Personal Consumer Issues
Topic: When is the best time to book a flight?
Replies: 11
Views: 1189

Re: When is the best time to book a flight?

The Wizard wrote:There was a thread just TUESDAY on this very topic...


If you are referring to this thread:

viewtopic.php?f=11&t=134261&p=1981331&hilit=flight#p1981331

It addresses where, but not when, to book a flight.
by supersharpie
Wed Mar 05, 2014 9:54 am
 
Forum: Personal Consumer Issues
Topic: When is the best time to book a flight?
Replies: 11
Views: 1189

Re: Question for Oenophiles!

The general rule of thumb with Pinots is that if you want a "varietally correct" wine you have to pay at least $30, usually more in the $40-$50 range.
by supersharpie
Wed Mar 05, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: Question for Oenophiles!
Replies: 19
Views: 1246

When is the best time to book a flight?

I originally posted this in my Oregon/Seattle trip planning thread but thought it was a topic on it's own. The following includes specifics about the current decision I am facing but I am sure there is a general strategy to finding the cheapest fares that applies in most circumstances. I am surprise...
by supersharpie
Wed Mar 05, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: When is the best time to book a flight?
Replies: 11
Views: 1189

Re: Used $35k Porsche on $64k income?

I read this elsewhere, and wonder what do BH's say to this guy? Looking to get into a daily driver Porsche 997 2005-2008 between $30-34k, and want some advice. Maybe I'm overlooking something. I make $64k/yr (before taxes). Monthly take home AFTER taxes is $3726/Mo. So new car will be about half of...
by supersharpie
Tue Mar 04, 2014 7:32 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6411

Planning first trip to Oregon and Seattle - advice sought!

My wife and I had a terrific first trip to the west coast last year when we visited Napa, Yountville, Santa Cruz, Carmel, Monterey, Big Sur, Healdsburg, and San Francisco. Highlights were visiting Point Lobos State Park, dining outdoors at Nepenthe in Big Sur, visiting a number of wineries in Napa V...
by supersharpie
Tue Mar 04, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Planning first trip to Oregon and Seattle - advice sought!
Replies: 40
Views: 1701

Re: Are 20 somethings handicapped bc of inflation and little

If so, this is very, very scary... It might be scary to "20 something's" today but for retirement planning in a lot of ways they have it a lot easier than any prior generations. You need to compare their situation to prior generations. I will likely retire in a few years and when I was a ...
by supersharpie
Fri Feb 28, 2014 2:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10284

Re: Are 20 somethings handicapped bc of inflation and little

Anyone who thinks that Social Security will not be around in 30 to 40 years is watching way too much cable news and doesn't realize just how integral the system is to maintaining civil order in our country. Social Security does not just provide retirement benefits, although this is a common misconce...
by supersharpie
Fri Feb 28, 2014 2:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10284

Re: Getting rid of wife's Target Date fund - questions

Unemployment is not welfare. Social Security is not welfare. You pay into both while you work and the vast majority of "well off" people collect both when they are eligible. However, one could argue the ethics of disabled adult children living at home with wealthy parents collecting as muc...
by supersharpie
Sat Feb 15, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting rid of wife's Target Date fund - questions
Replies: 22
Views: 2095

Re: No increase in SS while collecting and still paying in

Have your father go into the local Social Security office with his 2012 and 2013 W-2s. They can go a recomp for 2013 to give him an immediate boost to his PIA. They can also check to see whether his 2012 earnings are posted and if so whether it is a truly High 35 year. This will take the CR about tw...
by supersharpie
Tue Feb 11, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: No increase in SS while collecting and still paying in
Replies: 13
Views: 880

Re: Rent and save for next 5 years or stretch now?

Grantham, I may come off like a total ass here but...how do you have so little saved? My wife and I are 30. We gross ~$135,000 combined and have $200,000 in retirement funds. We started working 7.5 years ago and didn't put much into retirement funds until 1/2010 (were paying off 2nd mortgage until t...
by supersharpie
Sun Jan 19, 2014 11:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rent and save for next 5 years or stretch now?
Replies: 38
Views: 2670

Re: Do you ever feel you are being too frugal?

Papa John's is sort of the Sutter Homes White Zinfandel of pizzas. It's cheap, is technically "pizza," and is enjoyed by many. That being said, as a "foodie," I have no problem dropping some extra cash to enjoy some of the best (not "the most expensive" mind you) food t...
by supersharpie
Mon Dec 30, 2013 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you ever feel you are being too frugal?
Replies: 65
Views: 5093

Re: New Monthly Bill -$60

Sounds well worth it to me.
by supersharpie
Fri Dec 13, 2013 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: New Monthly Bill -$60
Replies: 18
Views: 1810

Re: Nanny Minimum Wage

We are looking to hire an in-home nanny (my sister-in-law) to watch our two children. She will bring along her own baby. From a family perspective, nothing could be better. Our kids get to spend time with family, and we are able to help my sister-in-law financially. We also want to be on the up-and...
by supersharpie
Tue Dec 03, 2013 2:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Nanny Minimum Wage
Replies: 34
Views: 2639

Re: Jamaica Vacation - Any tips?

guitarguy wrote:Stay at Sandals, and stay on the resort. Just my $0.02.


Which Sandals?

Negril looks pretty sweet.
by supersharpie
Wed Nov 27, 2013 12:22 pm
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4176

Re: Jamaica Vacation - Any tips?

People who take cruises and stay in all-inclusive resorts are probably not cut out for mildly challenging countries like Jamaica. Not that there's anything wrong with that. I get it. However, said visitors should not be able to claim that they have ''done" Jamaica (or whatever the country is)....
by supersharpie
Wed Nov 27, 2013 11:14 am
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4176

Re: Jamaica Vacation - Any tips?

They know that tourism is important and I have not read of any tourists being murdered or endangered there, unlike Mexico. Then you obviously haven't heard of the American golfers murdered on a Jamaican golf course a few years back? John That occurred in St Croix, not Jamaica and it happened in 197...
by supersharpie
Tue Nov 26, 2013 11:49 pm
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4176

Re: Jamaica Vacation - Any tips?

I don't know anyone who has been to Jamaica twice. I've been to Jamaica twice. Both were magical vacations. One in Negril, one in Montego Bay. They know that tourism is important and I have not read of any tourists being murdered or endangered there, unlike Mexico. Then you obviously haven't heard ...
by supersharpie
Tue Nov 26, 2013 8:44 am
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4176

Re: Jamaica Vacation - Any tips?

They know that tourism is important and I have not read of any tourists being murdered or endangered there, unlike Mexico. Then you obviously haven't heard of the American golfers murdered on a Jamaican golf course a few years back? John That occurred in St Croix, not Jamaica and it happened in 197...
by supersharpie
Tue Nov 26, 2013 2:32 am
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4176

Re: 22/Government Job/Need Advice

Dude, that pension is as good as it gets in the 21st Century and should just about cover all of your retirement expenses. Between that and Social Security your retirement income will almost be as high as your final salary! Your investments will be the icing on the cake.
by supersharpie
Sun Nov 10, 2013 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22/Government Job/Need Advice
Replies: 13
Views: 1410

How did your retirement plans evolve over your career?

This is a question primarily for those nearing or already in retirement but all who are along the path to retirement are welcome to chime in. I am 30, my wife is 29. We are about 10% of our way to reaching our inflation adjusted goal for retirement savings. Now that we have hit the "double digi...
by supersharpie
Wed Oct 30, 2013 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: How did your retirement plans evolve over your career?
Replies: 28
Views: 2459

Re: Vanguard Target 2060 Fund for car????

If you simply stick the money in a checking account you will have about $15,000 in inflation adjusted dollars by the time your daughter turns 16. That is enough to buy her a basic new car or a very nice, lightly used Honda Civic or Toyota Corolla. Why risk the money in the market?
by supersharpie
Tue Oct 22, 2013 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target 2060 Fund for car????
Replies: 13
Views: 845

Re: TSP Time to fly to Safety in G Fund?

Based on the info that came out in the past 24 hours it appears there is a 0% chance that the US will default. I am glad that I stayed the course :happy
by supersharpie
Fri Oct 04, 2013 11:56 am
 
Forum: Investing - Theory, News & General
Topic: TSP Time to fly to Safety in G Fund?
Replies: 54
Views: 5044

Re: TSP Time to fly to Safety in G Fund?

Ha, I was just thinking about doing this myself. It is very tempting and I will be pissed if the US defaults and the C Fund loses 10%-20%.
by supersharpie
Wed Oct 02, 2013 11:18 pm
 
Forum: Investing - Theory, News & General
Topic: TSP Time to fly to Safety in G Fund?
Replies: 54
Views: 5044

Re: Am I on the Right Track? Are My Priorities Right?

You gross about $65,000, are single, have no kids, don't own a home, and live in rural Illinois. You can't get by on $47,500 gross relatively comfortably? I think you can and your future self will thank you! Heck, you probably can also swing maxing out the $5500 Roth IRA as well. I highly recommend ...
by supersharpie
Wed Sep 11, 2013 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the Right Track? Are My Priorities Right?
Replies: 33
Views: 2777

Re: Take SS Early and Invest it? No

People do a disservice to themselves and others when mentioning the "8% annual gain." It is not as though SSA sets aside the funds you are refusing starting at 62, adding 8% annually, and giving you the pile with investment return when you reach 70. Even if you spend all of your Social Sec...
by supersharpie
Sun Sep 08, 2013 1:11 am
 
Forum: Investing - Theory, News & General
Topic: Take SS Early and Invest it? No
Replies: 70
Views: 5342

Re: What do I owe my children?

I have to say that I am surprised by the tenor of many of the posts in this thread. It seems many parents feel that their children are "entitled to feel entitled."
by supersharpie
Thu Aug 29, 2013 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 9348

When to replace timing belt on 1998 Honda Accord

The timing belt on my wife's Honda Accord was last replaced about 75,000 miles ago. She only drives the car about 3000 miles a year and has owned the car for two years. It was previously owned by a family member who used it heavily. My wife is convinced that since her car has 140,000 miles and that ...
by supersharpie
Wed Aug 14, 2013 7:57 am
 
Forum: Personal Consumer Issues
Topic: When to replace timing belt on 1998 Honda Accord
Replies: 19
Views: 2235

Re: Term Life Insurance: What’s our 35 yr strategy?

This has to be a troll! Are you serious in year 7? :oops: If you are waiting that long, you should visit a doctor pronto. Absolutely serious. We aren't in a position to have children prior to then without it being problematic. I would review this chart very carefully. http://www.ds-health.com/risk....
by supersharpie
Mon Aug 12, 2013 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance: What’s our 35 yr strategy?
Replies: 24
Views: 1075

Re: 75% equity is max?

100% equity yields the highest long term expected return.
by supersharpie
Mon Aug 12, 2013 2:34 am
 
Forum: Investing - Help with Personal Investments
Topic: 75% equity is max?
Replies: 48
Views: 5502

Re: Just had a baby- need to start saving for college

...I have placed the prioirty on retirement savings, as I put the maximum amount of money into my (and my wife's) IRA each year and we put 10% of our salaries into our 403 (B) plans. If 10% of salaries is $35,000 total a year, then that's great, but what I would say and perhaps others, is that sinc...
by supersharpie
Fri Aug 09, 2013 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Just had a baby- need to start saving for college
Replies: 36
Views: 3208

Re: Just had a baby- need to start saving for college

You should wait until you have maxed out your 403(b)s before starting a 529. You can always borrow from your IRA or 403(b) to help your child with tuition and, who knows, your child may earn a full ride!
by supersharpie
Wed Aug 07, 2013 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Just had a baby- need to start saving for college
Replies: 36
Views: 3208

Re: Threat of losing Car Insurance after one accident

Mind letting me know the name of the insurance company so that I can avoid using them? A private message will suffice if you are uncomfortable posting the name in this thread.
by supersharpie
Wed Aug 07, 2013 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1557

Re: 21 days in Europe - what would you recommend?

Newest idea: Go the last two weeks of September and first week of October: Leg 1: Fly to Rome and spend six nights Leg 2: Fly to Prague and spend five nights Leg 3: Take bus/train to Munich and spend three nights during Oktoberfest Leg 4: Take train to Paris and spend seven nights fly home... I wond...
by supersharpie
Sat Aug 03, 2013 11:07 am
 
Forum: Personal Consumer Issues
Topic: 21 days in Europe - what would you recommend?
Replies: 44
Views: 2630

Re: Do you need bonds if you're ultra-wealthy?

Let's say you have $100 million, and your annual living expenses do not exceed $100k. Thus, you can live on a miniscule fraction of your portfolio's income/dividends. Presumably as long as the world doesn't end as we know it, you'd be incredibly set for life. If you also wanted to grow your portfol...
by supersharpie
Sat Aug 03, 2013 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Do you need bonds if you're ultra-wealthy?
Replies: 43
Views: 2553

Re: So can I retire?

Remember that if you wait to take your Social Security retirement past Age 66 that you are eligible to collect spousal social security benefits on your wife's record worth 50% of her PIA (another term for her full retirement age social security benefit). Filing for this does not reduce your wife's b...
by supersharpie
Thu Aug 01, 2013 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: So can I retire?
Replies: 29
Views: 2517

Re: Dave Ramsey close to 100% stock

Awesome tool, thanks for that!
by supersharpie
Thu Aug 01, 2013 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey close to 100% stock
Replies: 65
Views: 6204

Re: 21 days in Europe - what would you recommend?

We prefer visiting cities but don't want to necessarily spend every minute of the trip in an urban setting. I am now thinking that spending seven nights each in three different cities (Rome, Paris, and ?) might be an attractive option. We could use these as "home bases" and take day trips ...
by supersharpie
Thu Aug 01, 2013 11:31 am
 
Forum: Personal Consumer Issues
Topic: 21 days in Europe - what would you recommend?
Replies: 44
Views: 2630

Re: Dave Ramsey close to 100% stock

I cut him some slack on that since he is talking about 1929 to the present which I come up with 11.16 http://www.moneychimp.com/features/market_cagr.htm NO NO NO. You are reading the wrong number. And actually missing the point that the web page you linked to is making. The appropriate value is 9.1...
by supersharpie
Thu Aug 01, 2013 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey close to 100% stock
Replies: 65
Views: 6204

Re: 21 days in Europe - what would you recommend?

We are probably going one of two routes with this trip: A. Fly into Rome, spend 10 nights in Italy, then 11 nights in France and fly home from Paris. We would likely spend 8-9 nights in Rome and Paris alone and the other 12-13 exploring other cities/towns, wine country, and/or the countryside. The i...
by supersharpie
Wed Jul 31, 2013 10:49 am
 
Forum: Personal Consumer Issues
Topic: 21 days in Europe - what would you recommend?
Replies: 44
Views: 2630

21 days in Europe - what would you recommend?

My wife and I are looking for ideas for our itinerary and plan to utilize the eurail pass. We don't want it to be a total whirlwind tour and do want to spend at least 4, maybe 5, nights in Paris with one day devoted to Versailles; however we do want to cover a considerable amount of ground. This tri...
by supersharpie
Wed Jul 31, 2013 8:11 am
 
Forum: Personal Consumer Issues
Topic: 21 days in Europe - what would you recommend?
Replies: 44
Views: 2630

Re: Japan, 1989

Thanks for crunching the numbers. This is fascinating, and I don't know how I missed this thread before. Definitely reinforces the need for international diversification. Not exactly. The Japanese vs American domestic stock market is an apples to oranges comparison. There is a lot of international ...
by supersharpie
Tue Jul 30, 2013 8:22 am
 
Forum: Investing - Theory, News & General
Topic: Japan, 1989
Replies: 106
Views: 22358
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