Search found 175 matches

by 10YearPlan
Tue Sep 19, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 157
Views: 12882

Re: Let's talk about your FI # and family income

Or not. I smile when a Boglehead assumes that being a Boglehead means having low expenses or frugality. I'm a Boglehead, but my annual expenses are not low. And I'm not frugal. I don't think that's the presumption here. It's more that you are living within your means and saving a decent amount, usu...
by 10YearPlan
Mon Sep 18, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 160
Views: 15575

Re: Calling out the not so rich bogleheads

I have been an avid follower of this forum for quite some time now and would firstly like to say there's nothing quite like it anywhere on the web. It provides so much useful information on so many different things that I would rate it as one of the most useful websites as it pertains to investing ...
by 10YearPlan
Mon Sep 18, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2430

Re: Pocket money allowance for college student

Interesting read, this thread. I don't know what I will do when my kids get there, but I can tell you I am *very* conflicted (internally, haven't discussed with the husband yet) on this topic. I think working, and earning your own spending money at that age, is very important. But I also recognize t...
by 10YearPlan
Tue Sep 12, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 8582

Re: Retirees-anyone miscalculate how much was needed?

Not retired yet. BUT...as a worker bee, I know that time off = opportunity to spend $, so I am concerned that an abundance of free time will equate to spending more money than I can possibly predict. I need to find some inexpensive hobbies in the next 5 years, I suppose. I like the idea of just pad...
by 10YearPlan
Tue Sep 12, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: What money to store outside for disaster?
Replies: 57
Views: 4152

Re: What money to store outside for disaster?

I have lived through several disasters including tornado destroying all homes across the street and damaging my home, Rita, Ike, Sandy, Harvey, and forest fires while camping. In none of them did I need any cash. I know that many people will disagree, but I have seen only one good reason to have ca...
by 10YearPlan
Tue Sep 12, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8177

Re: When calculating net worth, how do you value your house?

Oh, to answer the OP's question, I value the house with an official appraisal we received. It is several years old now, and likely not 100% accurate as a result, but it seems to be more reliable than Zillow. I do not "discount" for anticipated future sales costs/commissions, etc.
by 10YearPlan
Tue Sep 12, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 8582

Re: Retirees-anyone miscalculate how much was needed?

Not retired yet. BUT...as a worker bee, I know that time off = opportunity to spend $, so I am concerned that an abundance of free time will equate to spending more money than I can possibly predict. I need to find some inexpensive hobbies in the next 5 years, I suppose. I like the idea of just padd...
by 10YearPlan
Tue Sep 12, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8177

Re: When calculating net worth, how do you value your house?

I can't believe we're even having this discussion. Anyone with a day of financial/accounting experience knows Net Worth is Assets - Liabilities. To argue otherwise is ignorant. If you want to exclude home equity in your personal situation, fine, just don't call it your Net Worth----call it somethin...
by 10YearPlan
Tue Aug 29, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 21858

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

I once read a short book that really changed how I viewed spending. It said folks make decisions based on one of three reasons: Utilitarian, expressive, and emotional. Utilitarian decisions are like, "I need a new pair of shoes since mine are worn out" or "I need a new house because don't have enou...
by 10YearPlan
Mon Jul 24, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 10312

Re: Is Amazon Prime worth it?

It depends. Like others have mentioned, if you don't buy frequently enough for the free shipping to break even or nearly so, then I am not sure the additional features will have enough value to justify the cost. We have recently begun using it for video services. The Man in the High Castle, for exam...
by 10YearPlan
Sun Jul 23, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8287

Re: Investing Education and Mansplaining

As a woman and former 22 year old know it all, I feel your pain. Also, though, at 22 I had like $10 to my name, so investing was not yet on my radar screen. I feel like the term mansplaining needs to die already. However, as with all things, how you approach the topic does matter. If your daughter i...
by 10YearPlan
Sun Jul 16, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice on What to do
Replies: 6
Views: 907

Re: Need Advice on What to do

It's not clear from your post...is that $70k in retirement plus another $70k in savings? Or is it the same $? If the same I would not take that money out of retirement acts to create an emergency fund or other purpose. Instead I'd find a way to save for those separately. If you post your monthly bud...
by 10YearPlan
Tue Jul 04, 2017 7:42 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 33829

Re: What's the ideal safe retirement net worth target?

I am still trying to figure this out myself. I move my number up every time I get on this forum, it seems. I am definitely going to suffer from Terminal One More Year Syndrome. In general, though, my goal is 27.5x Expenses not taking SS or taxes into consideration (this ASSumes they cancel eachother...
by 10YearPlan
Fri Jun 09, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 6836

Re: How to deal with a personal finance cynic

I haven't read the other responses yet, but I think your friend has a valid point. He may not be ready for this forum. Yet. It's almost like going to a competitive bodybuilding site before you go to the gym for the first time. Intimidating. If he wants guidance, I would point him to a book or site t...
by 10YearPlan
Fri Jun 09, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Recession Planning
Replies: 35
Views: 2825

Re: Recession Planning

In my approx 24 years of work life, I have seen one minor recession(1992-1993), one major (2001-2003) and one catastrophic (2008-2010). For a lot of people, it still seems like the effects of 2008 are lingering on. Somehow, I have survived, but would like to think that this is not normal and we sho...
by 10YearPlan
Thu Jun 08, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 2096

Re: Any tips on creating a budget for a SAHM ?

Though I never stayed home beyond the first 3 months of my kids' lives, I do recall vividly the feeling that there is a lot of "white space" that needs to be filled during the day. And doing so without spending money is really, really hard. Not impossible, but hard. And I feel like it only...
by 10YearPlan
Tue Jun 06, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 2078

Re: Manifesting Your Riches?

I believe having a focus, and being disciplined about spending less than I earn is key to acquiring wealth. I think it's more pragmatic, making decisions that work towards the goal. It's not likely to have occurred without the goal in mind, but I don't believe there's any mystical quality about it....
by 10YearPlan
Mon Jun 05, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 96
Views: 7460

Re: Pimp my DW's ride.

Disclaimer: I am not a "car person" and know nothing about car wraps, etc. To me, that car, in that particular finish, looks like someone who wants to pretend they're rich. Like it is trying too hard and instead comes across as tacky? Anyway, that was my first impression and I wanted to sh...
by 10YearPlan
Mon Jun 05, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 23153

Re: KF's Worst Case Retirement Plan [KlangFool's]

I mean completely different work, like the local big box stores. willthrill81, My wife work at one of those kinds of job in order to occupy her time. It is not worth the effort financially. KlangFool KF Financially it is worth it. But emotionally and economically it is not given your options, hence...
by 10YearPlan
Mon Jun 05, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Dealing with Impatience reaching financial goals
Replies: 30
Views: 3511

Re: Dealing with Impatience reaching financial goals

I try to channel it in small ways. Let's say, for example, that I hit $99,400 in a taxable account. Well, because I prefer round, milestone-worthy numbers and am also a bit impatient, I will see if I can squeeze out an extra contribution to that account to hit the milestone of $100k sooner. In this ...
by 10YearPlan
Mon May 29, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: HR Experts- is a PHR/SPHR worth it?
Replies: 7
Views: 820

Re: HR Experts- is a PHR/SPHR worth it?

I think you have to define for yourself what "worth it" means. I have the SPHR (and the newer SHRM-SCP) and wish I had done it sooner. It's actually a very hard test to pass and, for me, the "worth it" was the sense of accomplishment. I think it gives me some credibility in profe...
by 10YearPlan
Tue May 23, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 7738

Re: Is it worth it spending money to keep your house looking sharp?

Yes. My home is a reflection of me and I like to have a home that shows I care, both inside and out. And I do care what my neighbors think, but this is mostly for me and my family. That said, some expenses bother me more than others. I will gladly pay for something that makes an impact, appearance-w...
by 10YearPlan
Mon May 22, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: What are your priorities for retirement?
Replies: 56
Views: 5901

Re: What are your priorities for retirement?

Fortunately or unfortunately, early retirement coincides with kids in college, so I will likely retire in stages: Semi-Retirement: Consider buying property somewhere warm for us to become snowbirds Dial back hours at work--possibly begin consulting. Travel more often. We're already traveling a fair ...
by 10YearPlan
Mon May 22, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 58
Views: 6220

Re: Issue With Real Estate Agent (Seller)

Last time I sold a property (condo), which went pretty quickly, I was shocked/surprised by the comments we received from the people who did a walk through. For example, many, many people commented on how they loved my dining room table and table setting. Since neither the table nor the table setting...
by 10YearPlan
Fri May 19, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3829

Re: How to stay on a budget?

Full disclosure: we don't follow a budget and could probably benefit from some belt-tightening ourselves. Do you have a goal with what you'd do with the extra money saved? If so, since you're already proven to be good savers, I'd set an account up with a specific purpose like Vacation Fund or New Ca...
by 10YearPlan
Fri May 19, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Quickest Path to Financial Independence
Replies: 27
Views: 4717

Re: Quickest Path to Financial Independence

I agree with the others that the path to financial independence is usually not a fast one, but you can improve your chances through a combination of the following: 1. Earn more income. As a freelancer, you may already know this, but there are lots of apps related to the "gig economy" that ...
by 10YearPlan
Fri May 19, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: What are the powers of HR in a company?
Replies: 40
Views: 3629

Re: What are the powers of HR in a company?

My wife worked in HR for many years, here is the inside scoop: 1. They are not your friends 2. They are 100% agents of The Company. Engage with HR only to the extent you must to get your work done, otherwise shut up. You have nothing to gain by opening up to HR. They are a necessary overhead to com...
by 10YearPlan
Fri May 19, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: What are the powers of HR in a company?
Replies: 40
Views: 3629

Re: What are the powers of HR in a company?

I have spent my entire career in HR/Recruiting and my answer to you is: it depends. Some companies leverage HR as true partners in the hiring process and in those cases, yes, HR can make/break an offer. In other companies, HR is not as well respected and is involved as a formality, more or less. In ...
by 10YearPlan
Fri May 12, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How specific/specialized is your Living Will?
Replies: 22
Views: 1416

Re: How specific/specialized is your Living Will?

Mine/ours are not very specific but I've been thinking about updating them recently because I do have a lot of experience with actually using them, sadly. Both of my parents were very sick/in declining health for many years before they died. Both had a DNR/no extra measures on their Living Will. How...
by 10YearPlan
Fri May 12, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Nonqualified Deferred Compensation distributions
Replies: 13
Views: 1072

Re: Nonqualified Deferred Compensation distributions

I began contributing around 2010 and choose a 5 year payout period post termination of employment. However, our Board of Directors decided to accept a takeover offer in 2015 resulting in a change-in-control of the company. This triggered a provision in the plan whereby all deferred amounts had to p...
by 10YearPlan
Thu May 11, 2017 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Nonqualified Deferred Compensation distributions
Replies: 13
Views: 1072

Re: Nonqualified Deferred Compensation distributions

I chose the longest distribution period available each time. I think the first two years that was 5 years and more recently, 10. I hate that this is my only option (not allowed to contribute to 401(k), but I will now begin to think of it as a Bridge.income in earli retirement.
by 10YearPlan
Sat May 06, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 8413

Re: Stay home with kids?

I'll answer this way.... Mid 30's, barely started work and almost SEVEN MILLION dollars - When you have won the game why keep playing? What's the long term plan here? Make it to 20M, 25M? This is a really good call out. I inferred, due to the poster's age, education and career status, that earning ...
by 10YearPlan
Sat May 06, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 4199

Re: Job Decision

Thanks for the input. For all questions 1. Communication is not a problem. My business analytical reports were the best (comments from top managers). I admit when I am tired or in a rush, my writing may be sloppy. 2. Higher offer is impossible due to organizational structure. also, let me put this ...
by 10YearPlan
Sat May 06, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 8413

Re: Stay home with kids?

We make less and no awesome windfall, but DH stays home with kids. Financially you will make it work if you want to. the pace of your life changes when one is home, hopefully for the better. Weekends are more free, household duties divide up quicker and manage to just get done (at least to me). The...
by 10YearPlan
Sat May 06, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 8413

Re: Stay home with kids?

I think you need to ask yourself: will you be satisfied as a SAH Parent? I am not as highly educated, nor as highly compensated; nonetheless I know that being a SAH Mom would not be fulfilling to me. If I were you, I'd consider whether I could maybe dial back a bit--is there any way to squeeze in mo...
by 10YearPlan
Fri May 05, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: wife offered her bosses position, questions
Replies: 17
Views: 1406

Re: wife offered her bosses position, questions

My two cents, in order of importance: PLEASE DO NOT TALK TO HER MANAGER. It will not reflect well on you, but more importantly, it will make her look weak. Not the image she wants or needs to convey in her career. As for the rest, I would encourage her to take the job if she's interested. Do a great...
by 10YearPlan
Wed May 03, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund 529 college expenses (13 to 16 yr horizon)?
Replies: 5
Views: 584

Re: How to fund 529 college expenses (13 to 16 yr horizon)?

Personally, I would not (and have not done so myself), transfer money from investments made prior to marriage into a 529. I would keep that money earmarked for retirement or other long term objectives. When the kids go to college, you will always have the option of also tapping that taxable account,...
by 10YearPlan
Wed May 03, 2017 6:04 am
Forum: Personal Finance (Not Investing)
Topic: How quick is too quick for a job offer?
Replies: 29
Views: 3678

Re: How quick is too quick for a job offer?

Some folks here are being quite conservative. I'd be eager to join a firm who could manage to do three interviews and then hire quickly. Sometimes these processes can take so long and I think sometimes they do so because they do so and not for any good reason. Nice comment - agree completely. As a ...
by 10YearPlan
Wed May 03, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: How quick is too quick for a job offer?
Replies: 29
Views: 3678

Re: How quick is too quick for a job offer?

Some companies/departments are efficient when it comes to hiring, some are not. Also, hiring is painful. Especially when the position is vacant. So it is natural to want to minimize that pain. I would not read into a fast offer any more than I'd read into a longer process-it's typically not about yo...
by 10YearPlan
Wed Apr 26, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 3252

Re: Baby on the way checklist

Looks like it is worth it to sit down with an estate lawyer and get all of the paperwork settled with peace of mind. On the fence about 529, think I may just do enough to get the state tax deduction and forget the rest. Appreciate all of the responses. Congratulations. On the topic of 529s, I think...
by 10YearPlan
Wed Apr 26, 2017 1:36 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 143
Views: 20557

Re: Why not add a "like" button to Boglehead posts?

Personally, I would appreciate a LIKE button and find it ironic that we're open to emojis but LIKE buttons are for 12 year olds. That said, other than emojis there is a certain old-school charm about this forum's UI (and many of its participants) that give it a sense of charm. Perhaps even an air of...
by 10YearPlan
Wed Apr 26, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 131
Views: 54828

Re: Banned from Home Depot Returns

Hello, I've been doing a lot of work around my house, and sometimes I will buy an extra few pieces/parts and make the returns to Home Depot. In the past, I've made returns without receipts, and just use the store credits for future purchases. After the new year I traded in AMEX points for a $200 Ho...
by 10YearPlan
Tue Apr 25, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 5891

Re: 529- should I stop contributing?

It's actually not as common as it should be. I believe less than half of 401k plans (employers) allow post tax contributions, so you have to check. Even when they do, many people don't know they can make them. Larger companies tend to be more likely, but that doesn't mean smaller companies won't. W...
by 10YearPlan
Tue Apr 25, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 5891

Re: 529- should I stop contributing?

It sounds like you're in very good shape. Rather than over-saving, I would put the money into your taxable account. I'm assuming you could fund any shortfall and have plenty for retirement. If you see that there will be a shortfall or graduate school is in the cards, you can also put some of that m...
by 10YearPlan
Tue Apr 25, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 5891

Re: 529- should I stop contributing?

I would stop contributing, at least for now. I would spend the next 5 years building up taxable investments. Then revisit. If the college tuition inflation has outpaced your earnings, you can always choose to contribute again or cashflow the delta when the time comes.
by 10YearPlan
Tue Apr 25, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 21930

Re: Any regrets living a frugal life for high income/high networth individuals?

Frugal is a comparative term. I'm frugal compared to a billionaire. I think it's more important to be be responsible with your money than it is to try to "out frugal" someone. Living below your means (or at your means once retired) seems like a better yardstick to me. Many people try to m...
by 10YearPlan
Tue Apr 25, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 14291

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

OP here, and I want to thank everyone who responded to this thread. Although my gut was telling me it would not generally be a good idea to speak badly about my boss, my current toxic situation caused me to post, and this thread gave me many new, additional perspectives to think about. As I contemp...
by 10YearPlan
Tue Apr 25, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5443

Re: New job and offer - recruiter sent a wrong $$

A move to another company is one of the few times you can make a double digit overall increase in your compensation. Don't squander this opportunity. Negotiate to an improved offer or decline it but do not accept the same money you are making now. I agree with this. This is the ultimate "lean ...
by 10YearPlan
Tue Apr 25, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5443

Re: New job and offer - recruiter sent a wrong $$

OP-I am sorry you are in this situation. My thoughts and advice are as follows: -You don't say whether the recruiter is internal to the company or not. If external, he/she could be trying to play a game of hardball with you. Lots of agency recruiters are trained that way. It could be a lot of bluste...
by 10YearPlan
Mon Apr 24, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 80
Views: 9263

Re: Helping adult children

Another vote for keeping it as even as possible to prevent the potential build up of resentment. To make it easier for you, maybe just do a set amount as a gift each year to both, proactively, and that's it. This will also potentially help the son who does need your help to "make do" with ...