Search found 1141 matches

by DTSC
Tue May 23, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Heir died before receiving full share due
Replies: 9
Views: 1852

Re: Heir died before receiving full share due

On a practical level, what's the chance that an illiterate non-English speaking person in the Phillipines will contest whatever you do?

Just do what would be the most fair thing you would do here in the U.S.
by DTSC
Sun May 21, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Vehicle recommendation for large family
Replies: 32
Views: 1626

Re: Vehicle recommendation for large family

Does your Odyssey have towing capability? That might be to cheapest way to go, if you more cargo space only on road trips.
by DTSC
Mon May 15, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1790

Re: Buying Major Appliances Online

Try abt.com

Don't take my word for it, rated #1 about 2 years ago with Consumer Reports. We've bought 6 items from them over the years.
by DTSC
Sun May 14, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9225

Re: Was there a $$$ number after which things got easier?

It got a lot easier after my mortgage = $0
by DTSC
Thu May 11, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17998

Re: Why save so much for when you're old?

Thanks for all the feedback. It seems like my perspective of middle/old age life is grimmer than what it is in reality. It's great to hear that people are able to find a balance and I'm super glad I'm starting to save already. Cheers. Getting older SUCKS! Except the alternative (dying young) is eve...
by DTSC
Mon May 08, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7210

Re: Stay home with kids?

Pajamas wrote:
DTSC wrote:I'd have to go on Prozac or drink excessively.


Por que no los dos? :beer


Will gain too much weight!
by DTSC
Mon May 08, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Hit 2M Net worth - Wanted to pass my gratitude to all wonderful people in this forum
Replies: 28
Views: 6569

Re: Hit 2M Net worth - Wanted to pass my gratitude to all wonderful people in this forum

Congrats!

$1M to $2M in just over 3 years! Very impressive!

Is it true that the first $1M is the hardest?
by DTSC
Sat May 06, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7210

Re: Stay home with kids?

I've thought about this issue a lot lately. I don't have the amount of money you have, but I have accrued enough to work part time or retire frugally. I generally like my job, but it can be stressful and demanding. After some thought, I realized that I just don't have the patience and overall temper...
by DTSC
Thu May 04, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3056

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

I don't have any experience with your wife's field, but many employers will cover educational expenses. Perhaps there is an office near the school that would accept her part-time, pay more than what her financial aid is covering, and keep her on for X years afterward in return for paying for the cl...
by DTSC
Thu May 04, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Two night trip
Replies: 9
Views: 824

Re: Two night trip

Have you been to Madison? Can do outdoorsy things and still have fine dining, etc
by DTSC
Thu May 04, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3056

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

What field is your wife planning to get her PhD in? Attempting a non-fully funded PhD is generally not viewed as a good idea. Indeed, its generally a horrible financial deal. And WHY is she getting a PhD? Career advancement? What field? What are the alternatives? Would a higher GRE score help her g...
by DTSC
Thu May 04, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3056

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

Home equity loan might be a good option. You can deduct the interest. Also, see if your state has a 529 program. Sometimes you can cycle the home equity money through as a contribution and get tax benefits. For example, in Illinois, one can deduct up to $10,000 ($20,000 per couple) and save 3.75% of...
by DTSC
Wed May 03, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 16946

Re: Buying a luxury car (how dumb would it be to do this?)

Can you afford it? - Yes But if you have to ask "how dumb would it be to do this?" then you probably *shouldn't* Unless your university lets your children go there for free, $100,000 for college for 4 kids just isn't enough. Barely enough for 1 kid. And as you may well know already, you ch...
by DTSC
Wed May 03, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 4677

Re: My dad needs my help.

How about if you just leave things as they are for another 6-12 months, until his state of mind improves? Whatever you decide to do will still need his final approval, I suspect. Many here and elsewhere caution against making big decisions soon after a major life changing event. A divorce certainly ...
by DTSC
Tue May 02, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: I'm kinda sorta in the 2-comma club
Replies: 23
Views: 3648

Re: I'm kinda sorta in the 2-comma club

Congrats!

Report back here after $2M and let us know if the first million really is the hardest.
by DTSC
Thu Apr 20, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36617

Re: Larry Swedroe says "Goodby."

Thank you for all you've done here. I will miss your contributions. Happy Retirement!
by DTSC
Sat Apr 15, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: How does family of 4 spend $1,500/mo on groceries?
Replies: 25
Views: 1940

Re: How does family of 4 spend $1,500/mo on groceries?

Our family of 2 adults and 3 children spends between $500-$600 per month. However, if we shopped a Whole Foods (which is actually the grocery store closest to our home) we could easily spend $1,500 per month. I suspect they by a lot of name brand prepared foods. Maybe a lot of "organic" fo...
by DTSC
Sat Apr 15, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: It's not too late to make a last-minute T-IRA contribution via Vanguard.com, right?
Replies: 11
Views: 670

Re: It's not too late to make a last-minute T-IRA contribution via Vanguard.com, right?

You might have better luck if you go to a local brick-and-mortar bank and open an IRA *right now*
by DTSC
Thu Apr 13, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Where Do I Find a Financial Advisor?
Replies: 4
Views: 432

Re: Where Do I Find a Financial Advisor?

A better question is: Do I need a financial advisor?

Many Bogleheads here are DIYer's. Why don't you submit your portfolio questions here?
by DTSC
Thu Apr 13, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 669

Re: Please help me understand IRA

If the tax program says you can make a traditional IRA contribution, but it would not reduce your taxes, it most likely means your income is too high, especially if you contribute to a retirement plan at work see: https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-...
by DTSC
Wed Apr 12, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 669

Re: Please help me understand IRA

If the tax program says you can make a traditional IRA contribution, but it would not reduce your taxes, it most likely means your income is too high, especially if you contribute to a retirement plan at work see: https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-a...
by DTSC
Thu Apr 06, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 7005

Re: Secretly entered two comma club

Congrats on 2 comma and 2 kids! I am forever indebted to you as you helped me out as a newbie 9 years ago. Can I now give you a little suggestion? Don't watch your money so tightly! You are young (OK, at least your wife is young enough to reproduce) and you already have enough assets that many would...
by DTSC
Mon Mar 20, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to find and interview my new Advisor ?
Replies: 15
Views: 1157

Re: How to find and interview my new Advisor ?

How to find your new advisor?

Look in the mirror!
by DTSC
Wed Mar 08, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: How to Die
Replies: 167
Views: 23666

Re: How to Die

This may not come up often in the ER, but the issue of feeding tubes is one that can tear up families. Dementia and stroke patients sometimes forget how to swallow. If fed by hand, they tend to aspirate food, which can cause pneumonia. Should they have a tube? It could prolong life for a significan...
by DTSC
Thu Mar 02, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16559

Re: Possibly Financially Independent and Feeling Miserable

I know that your question was about worrying less. But I am about to propose you worry a bit more. You have now mentioned that you would like to retire very early. I think you need to spend more time considering health insurance. Before the ACA, converting my employer health insurance policy into a...
by DTSC
Wed Mar 01, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16559

Re: Possibly Financially Independent and Feeling Miserable

I simply cannot stop thinking about money, about our savings rate, about whether we have enough, about what else I could be doing better, and so on. I can't tell you how many times I spend each day--whether at work or at home--on a calculator, constantly dividing arbitrary numbers into our net wort...
by DTSC
Tue Feb 28, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Savings?
Replies: 13
Views: 2230

Re: What to do with my Savings?

any more suggestions guys? In addition to reading "If You Can" by William Bernstein, young people should read Mr. Money Mustache. You should read about his extreme early retirement strategies (he retired at 31). Even if you follow him just halfway, it could mean that you can retire in you...
by DTSC
Mon Feb 27, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k options - available investments
Replies: 10
Views: 911

Re: Solo 401k options - available investments

In case you didn't notice the last bullet from my previous post, I will repeat it. Fidelity normally requires check for contribution, but you can open cash management account, do ACH there, then call and do contribution by phone. No direct online contribution. Thanks for the tip! I'll do that and s...
by DTSC
Mon Feb 27, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k options - available investments
Replies: 10
Views: 911

Re: Solo 401k options - available investments

My wife and I both use Fidelity for our solo 401K because they allow rollovers into the plan (so we can do backdoor Roth's) We are very happy with the customer service. The only downside is that we have to mail in a paper check to fund the account (no electronic transfers) but it's not a huge deal t...
by DTSC
Wed Feb 22, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement savings: Lots of $, job prospects weak
Replies: 36
Views: 4313

Re: Retirement savings: Lots of $, job prospects weak

You have enough to retire if you live frugally!

Check out Mr. Money Moustache's blog. http://www.mrmoneymustache.com/
by DTSC
Tue Feb 21, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: How to stop AMEX card offers being mailed to me?
Replies: 11
Views: 1078

Re: How to stop AMEX card offers being mailed to me?

If you travel or want to travel, this is a great credit card to get points for airfare. Getting credit card sign up bonuses to redeem for airline and hotel points is known to some as "travel hacking" or "miles and points" hobby. This "hobby" has allowed my family to get...
by DTSC
Tue Feb 21, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Garage Floor Covering - Need Advice
Replies: 20
Views: 1393

Re: Garage Floor Covering - Need Advice

I covered our garage floor with an epoxy sealant. It has been six years now, and the floor is still in great shape with no chips, cracks, or peeling. We live in a fairly harsh climate with lots of snow, salt, gravel and road grime. When I spray out the garage once a year, it looks like "new&qu...
by DTSC
Sat Feb 18, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 31
Views: 1891

Re: Induction cooktop impressions?

One negative is that our electric bill did go up substantially, maybe $30 per month. We switch from the gas range in the oven to electric induction and electric oven. In our region (Chicagoland) gas is definitely cheaper then electricity Interesting. We're starting from a traditional (Calrod resist...
by DTSC
Sat Feb 18, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 31
Views: 1891

Re: Induction cooktop impressions?

One negative is that our electric bill did go up substantially, maybe $30 per month. We switch from the gas range in the oven to electric induction and electric oven. In our region (Chicagoland) gas is definitely cheaper then electricity
by DTSC
Sat Feb 18, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 31
Views: 1891

Re: Induction cooktop impressions?

TheTimeLord wrote:Really want want. Still trying to convince my DW.


Buy a counter top one and try it out!
by DTSC
Sat Feb 18, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 31
Views: 1891

Re: Induction cooktop impressions?

We have a 4 burner Whirlpool induction range with a double oven and absolutely love it. Very easy clean up with a smooth glass top It is wicked fast; we can boil 2 quarts of tap water in about 2 minutes. If you currently have a gas range, you might need to get an electrician to put in a 220V outlet....
by DTSC
Fri Feb 10, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 17046

Re: Why do you go to restaurants?

I go because I enjoy good food and it's fun!

I also go to eat foods which I don't know how to make (such as ethnic foods) or foods which are too much of a hassle to make at home (such as deep fried foods).
by DTSC
Thu Feb 09, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1044

Re: How to handle overcontributing to Solo 401K?

For some reason, the system won't let me send a PM - it remains stuck in the outbox. Anyway, the letter they instructed me to write looks something like this: RE: PROFIT SHARING KEOGH ACCOUNT XXXXX Fidelity Investments Attn: Retirement Distributions PO Box 770001 Cincinnati, OH 45277-0035 January 21...
by DTSC
Thu Feb 09, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1044

Re: How to handle overcontributing to Solo 401K?

I did this same thing. I just called up Fidelity and they helped me through it. Basically, you have to ask them to calculate the excess amount and also the associated losses/gains since you made the contribution. You then have to send them a letter requesting that they made a distribution. The lette...
by DTSC
Sat Feb 04, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1645

Re: Solo 401(k) purely to receive rollovers?

I don't know about the legal nuances, but here's what I did: 1. I sold some old stuff on Ebay and made some money (~$100) from it 2. I opened a solo 401K with Fidelity (they actually call it a Keogh plan) 3. I rolled over all of my old IRA's into the plan which Fidelity (but not Vanguard) allows 4. ...
by DTSC
Thu Feb 02, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: Computer for elder novice
Replies: 36
Views: 1378

Re: Computer for elder novice

An iPad is best if you don't want to do tech support

You can attach a Bluetooth keyboard.
by DTSC
Sat Jan 28, 2017 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan for unborn child
Replies: 22
Views: 1868

Re: 529 plan for unborn child

I live in Illinois and I use the Bright Start Savings Plan. It is fine as long as you use the index options. You also get a state tax deduction. Each parent can contribute $10,000 per year, so you get $375 per parent if you contribute the maximum amount. You might have heard bad things about the pre...
by DTSC
Mon Jan 23, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Recommenations for Travel 220 to 110V transformer
Replies: 11
Views: 511

Re: Recommenations for Travel 220 to 110V transformer

I didn't know that iPad chargers work at 220V. This will save me some money! A big thank you to all!
by DTSC
Mon Jan 23, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Recommenations for Travel 220 to 110V transformer
Replies: 11
Views: 511

Recommenations for Travel 220 to 110V transformer

We are planning a trip to Europe (specifically Norway) in March. I would appreciate advice on what type of transformer to buy for the trip. We will use mainly to charge iPad and iPhones. Maybe a laptop. Thanks in advance.
by DTSC
Tue Dec 27, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: Amish furniture maker recommendation
Replies: 35
Views: 12371

Re: Amish furniture maker recommendation

Based on my experience shopping for Amish fury, I would disagree. There might be a corporate front dealing with the public ( since the Amish would not have internet) but the hands on work is done by an Amish carpenter. I have spoken to a couple companies iin Illinois who told me straight up that the...
by DTSC
Sat Dec 24, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: 17 years wasted. Want to do it myself now. Advice, please.
Replies: 57
Views: 9403

Re: 17 years wasted. Want to do it myself now. Advice, please.

Writing to give you some encouragement. I was not in a much different situation with financial planners not that long ago. All is not lost! You already did the most important thing, which is SAVING MONEY! You are fortunate to have found this forum. Just follow the advice here and you'll do just fine...
by DTSC
Wed Dec 21, 2016 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?
Replies: 63
Views: 7863

Re: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?

Absolutely worth it. Nothing better than making money for sitting on my a$$.

I did this earlier this year. After 6 months, I move the $15,000 to Citibank and got another $400.
by DTSC
Wed Dec 21, 2016 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Amex preferred rewards gold card bonus
Replies: 12
Views: 1701

Re: Amex preferred rewards gold card bonus

am wrote:So how much are the 50000 points worth? 500 dollars or 250 dollars for statement credit or more for travel?


It depends on how you redeem them. 1 point = 0.5-1 cent.

See https://www.nerdwallet.com/blog/reward- ... p-rewards/
by DTSC
Tue Dec 20, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Amex preferred rewards gold card bonus
Replies: 12
Views: 1701

Re: Amex preferred rewards gold card bonus

If you are new to travel hacking, you might want to check out this site. http://millionmilesecrets.com/new-to-miles-points-start-here/ We paid only taxes on the last 30 round trip flights my family has taken. We did not have to pay for the last 30 hotel nights either. Basically, we get 10-15% back i...

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