Search found 196 matches

by 10YearPlan
Fri Jan 12, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12164

Re: Is it time for me to "call in rich"?

Financially speaking-yes! But I'd just do a tiny bit of soul-searching from the non-financial perspective first. Is your wife planning to retire as well at the same time? If so, have you spent large chunks of time on weekdays together other than weekends/the occasional vacation? If not, would it be ...
by 10YearPlan
Fri Jan 05, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3084

Re: So ambitious w/ money but so risk-adverse

OP- I've spent my entire career in HR/Recruiting. The double bachelor degree is almost always indicative of someone who does not know what they want to be and (IMO) is more often a waste of time and money than anything else. That said, going to school, such as a Master's Degree, or some sort of cert...
by 10YearPlan
Thu Jan 04, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 64
Views: 4054

Re: Two vastly different career considerations...Stability vs. Income

Single or married? Is there a wife/kids who will be asking "where is dad?" Mid 30s, you still should have some energy left to try the tougher job. Mid 40s, I'd pick option A. The people that work hard/long enough to get the $250k might be single and sleep at their desks. I'm not sure it is worth it...
by 10YearPlan
Wed Jan 03, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 12850

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

OP-I think you are being too hard on yourself. While you may not have had a plan that you've been diligently executing all these years, you sure have a lot to show for it. But I hear you on feeling rudderless and I think some goals (long term and short term) do a person good, will ultimately help yo...
by 10YearPlan
Wed Jan 03, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 12161

Re: Embarrassment Preventing Retirement Work: A factor for you?

I don't need the income, but wonder what it would be like to work various part-time jobs. I've thought about being a checkout clerk at Whole Foods or something similar. One thing that holds me back is that I've been quite successful in my community and I am certainly not anonymous. When I think abo...
by 10YearPlan
Mon Dec 04, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 100
Views: 14151

Re: Reached 4M target. Taking money off table. Advice?

First of all, congratulations on reaching such an impressive milestone at a young age! Second, I agree with a few of the other posters that paying down/off the mortgage is a good way to take some money off the table now, while also reducing income need in retirement. I think the big thing missing fo...
by 10YearPlan
Sun Dec 03, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1218

Re: Housing Heuristics - Rising Income

I think many, if not most, Bogleheads would prescribe buying a house that comfortably fits the smaller income and staying put, despite the rise in income. That said, I don't know that that particular approach is realistic for everyone. If I had to give advice to someone today, I'd advise them to buy...
by 10YearPlan
Thu Nov 30, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6459

Re: Invest or pay off mortgage?

Assuming the $800k is all in tax-advantaged, I'd sock the $3k per month away in a taxable account for the first year or until you reach, say $50k. And then from there, I'd probably start putting $2k toward the mortgage and $1k toward taxable. This is sort of best of both worlds, IMO.
by 10YearPlan
Sun Nov 26, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3637

Re: Let Go by MegaCorp - Lots of options

I also think Option 4 (Consulting) is an appealing option. I would take some time (3-6 mos) to take a breather, spend time with family and work on your fitness goals, etc. If you're bored in 3-6 months, go look for another job. If you find a decent one, take it. If, once the 18 month window has open...
by 10YearPlan
Mon Oct 30, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 19954

Re: Early-retired 35 year old with $1 million

Sure you could retire now with $1M but between your age and potential variables (wife/kids), I'd probably wait 2-3 years to see how that plays out and whether you decide to pursue getting married/having kids and whether the $ works for 2-3 of you. But mostly my questions/concerns come from the non-f...
by 10YearPlan
Fri Oct 20, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5624

Re: Best way to make some dollars on a 10 day vacation?

I agree with the others that the best way to deal with the vacation surplus is to actually take vacation, even if you stay local, and use it to unwind, decompress, maybe take care of projects of your own that have been piling up. All that said, if money is the goal, there are dozens of apps such as ...
by 10YearPlan
Tue Oct 03, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 2191

Re: Add to 529 to Keep Funding Retirement?

You may want to re-phrase your question because I think it reads like: Should we keep saving for retirement or add to 529? And that is not really your question, right? Instead it sounds like you have a choice AFTER maxing available retirement options about whether to fund a taxable account for yours...
by 10YearPlan
Mon Oct 02, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job and looking for advice on next steps
Replies: 43
Views: 5663

Re: Lost my job and looking for advice on next steps

My job was terminated. I am trying to figure out my plan for the future and hope to get some advice from this forum. Married with son going to college for 2.5 more years. My age: 59.5, DW: 54 (working). I got a severance package to pay health insurance and base pay for next 4 months. Company offeri...
by 10YearPlan
Fri Sep 29, 2017 2:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 10412

Re: Bogleheads you would most like to meet and why?

Meg77 and VictoriaF and a few other LadyBogles whose screen names I cannot recall off the top of my head. Nothing against the guys, and there are many I'd like to thank / meet, but I find women who are outspoken, can speak finance, who have their act together, etc. very inspirational. And a bit rare...
by 10YearPlan
Fri Sep 29, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6512

Re: My Smartest Financial Moves

Some of my smartest moves did not look so smart on paper. For example, I put an entire semester of college tuition on a credit card. Had I not done so, I would have taken longer to graduate (I had no money, was not eligible for grants of any sort and could only get a very small Stafford loan at the ...
by 10YearPlan
Fri Sep 29, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Weird, meaningless, but fun net worth threshold!
Replies: 13
Views: 2801

Re: Weird, meaningless, but fun net worth threshold!

Congratulations. I never would have thought of that as a milestone, but I think it is a good one to note and celebrate! Anything that we can use as a yardstick to keep us motivated and on track is good, as far as I am concerned.
by 10YearPlan
Fri Sep 29, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12746

Re: The Rolex and The Boglehead

I think the real question is whether Rolex-having Bogleheads count it as part of their Net Worth.
by 10YearPlan
Thu Sep 28, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 16327

Re: Why do you LBYM? Why do you save and invest?

I've always been an aspirer: I like nice things. I like stuff. I enjoy spending money. When people come on here and talk about not liking stuff, I simply cannot relate. So in that regard, living below my means is not what you would call a natural fit. When my "means" were a lot lower, many moons ago...
by 10YearPlan
Sun Sep 24, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12800

Re: Lifestyle Creep

We've had some very intentional lifestyle creep and some not as much. Intentional- Travel 2-3x a year with the kids during "peak" season (ie when school is out) Bi-weekly housecleaning service Weekly lawn service House in a nice/affluent suburb Not as Intentional- Kids sports/activities/birthday par...
by 10YearPlan
Sun Sep 24, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12800

Re: Lifestyle Creep

First good job: leased a BMW. Ate out for lunch and dinner regularly. Hired a regular cleaner. First big raise: Bought $1,000 suits. $500 shoes. Didn't think twice about getting gadgets/etc. Got kids: Moved from small 2BR home to 4BR home in good school district neighbourhood. Job kept paying well:...
by 10YearPlan
Fri Sep 22, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: Water Service Line Insurance
Replies: 17
Views: 1455

Re: Water Service Line Insurance

I think the problem is pretty common in older homes/neighborhoods. I have firsthand experience with it on a rental property. It cost $5500 and that did not include the repair to the sidewalk. Yes, it hurt but I still choose not to buy the insurance because there is just too much fine print. I asked ...
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: 183
Views: 20857

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: 233
Views: 27356

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: 3075

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: 9700

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: 63
Views: 5467

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: 10535

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: 9700

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: 10535

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: 23186

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: 11577

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: 9786

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: 997

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: 37303

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: 7935

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: 3302

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: 2448

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 gets hard...
by 10YearPlan
Tue Jun 06, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 2378

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: 8789

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 share before...
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: 26585

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: 3768

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: 1184

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 professional situations a...
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: 8536

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: 6522

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: 6789

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: 4301

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: 4954

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 you can po...
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: 4077

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: 4077

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: 1515

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...