Search found 309 matches

by EddyB
Mon Oct 16, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Giving Less in Dividends than Competitors?
Replies: 12
Views: 1546

Re: Vanguard Giving Less in Dividends than Competitors?

Assuming these competitors track the same assets, did your adviser explain why he thinks higher dividends are better?
by EddyB
Mon Oct 16, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Opinions on bicycle disc brakes?
Replies: 26
Views: 1287

Re: Opinions on bicycle disc brakes?

If you bike in the rain (road or mountain) often there is simply no substitute for disc brakes. I used to go through a set of rims once a year on my commuter because the wet grit would cause the pads to basically grind through the rim until it pretzeled. Stopping power is significantly reduced in t...
by EddyB
Sat Oct 14, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11611

Re: 100% in bond to wait for market crash?

Just added another $50k to Total stock index. but still don't know what I am doing. Don't worry. That's the beauty of index investing. You don't have to know anything to be average. Some of the folks who "know what they're doing" will wind up doing worse. Prepare for one of 3 things to happen betwe...
by EddyB
Fri Oct 13, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11611

Re: 100% in bond to wait for market crash?

Since the stock market value most expensive except year 2000 ( p/e https://www.quandl.com/data/MULTPL/SHILLER_PE_RATIO_MONTH-Shiller-PE-Ratio-by-Month ). Also since the bond having roughly 2.3% return, please convince me not to collect 2.3% in bond and wait for stock correction. I dont to want to s...
by EddyB
Thu Oct 12, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 3128

Re: SUV options with 3 little kids

Ford Flex in 2-2-2 configuration drives nicely and has real third-row seats that can be accessed even with car seats in the second row.
by EddyB
Thu Oct 12, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5735

Re: How young is too young to retire.

No—35 years. 35 years at the max soc. sec. tax would get you the max (available) soc. sec. payment. But search here for discussions of “the second bend point” to see that beyond about half that tax level, the benefit increase is fairly modest.
by EddyB
Thu Oct 12, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5735

Re: How young is too young to retire.

So if my lifetime earnings have been 35 * 12 * 9875 = $4,147,500 packed in 15 years then I’m going to get the maximum SSN assuming I collect at 70 ? https://www.ssa.gov/pubs/EN-05-10070.pdf You calculate your average monthly earnings from the 35 years with the highest annual earnings (indexed for i...
by EddyB
Wed Oct 11, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13576

Re: [Boglehead vs Mr Money Mustache philosophies]

working a bunch of side jobs isn't "early retirement" ah, yes. The internet retirement police. Please read the article below. http://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police/ If I (or queso) can't challenge his definition of retirement, then you can't c...
by EddyB
Wed Oct 11, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13576

Re: [Boglehead vs Mr Money Mustache philosophies]

MMM is Canadian and so is his wife and child, I think, so ultimately, health care doesn't matter to them. If it becomes that expensive, they will just pull the pulg here and move back to Canada. So among many of his other advantages and luck in life already mentioned here, he has that going for him...
by EddyB
Sun Oct 08, 2017 11:20 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 138
Views: 13780

Re: Bogle himself is saying we will expect like 3% for the next decades

The question becomes, would any rational individual go ahead and put money in a 401k and IRA knowing that there was a GOOD (not 100%) chance that real returns will be around 3% for the next 20 years. What are your thoughts? Yes, it would be rational to save money in that environment. I expect these...
by EddyB
Fri Oct 06, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Washington GET 529 Reopened: Good deal?
Replies: 13
Views: 956

Re: Washington GET 529 Reopened: Good deal?

We dont so far plan to do it as I think there is a good chance our kids will go out of state (especially since i want them to go somewhere warmer so i can visit to escape winter) The deal doesn't seem so good if your kid goes out of state why does it matter where your kids go to school? I would hav...
by EddyB
Thu Oct 05, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9683

Re: Current Bull Market could last years

What constitutes the end of a bull market exactly? According to the article, a 20% decline. Both 2011 and mid 2015-2016 saw that kind of negative decline "action". Yet, the media continues to ignore them and goes with the theme "this bull has been running since 2009". How are you measuring those?
by EddyB
Mon Oct 02, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18253

Re: What age did you become debt free and what opportunities did it create?

I consider positive net worth with sufficient liquidity to eliminate all debts immediately as debt free. If you disagree it's cool. Positive net worth with sufficient liquidity to eliminate debt is not the same thing as being debt-free. If you have debt, you are not debt-free. It's not a matter of ...
by EddyB
Sat Sep 30, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16189

Re: $10 million+ - Still Working and LBYM

One problem we do anticipate as we move toward the 8 figure club is an estate tax issue. My previous plan to deal with this issue (which we never expected to have to deal with) was just to give away everything over the estate tax limit. That's really hard to do if you don't have significant money i...
by EddyB
Sat Sep 30, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24006

Re: I won the Lottery. Need sound advice.

As someone mentioned earlier, the "two chicks" quote was definitely a reference to Office Space. It sounds like some of you need to drop whatever you're doing and watch it. Probably not going to happen. Checking IMDB reveals "A comedy from Mike Judge, creator of "Beavis and Butt-head" and co-creato...
by EddyB
Thu Sep 28, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3771

Re: Tax saving strategies for DINKs

Note that the chart assumes one spouse's income of $240K, and this is the income of the other spouse, so together it puts them well into the federal 39.6% bracket. Thanks. I misunderstood that. So the flat spot at about 40% from somewhat below $300k to somewhat over $350k for the additional earner ...
by EddyB
Thu Sep 28, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3771

Re: Tax saving strategies for DINKs

If that's the case, then OP is actually in the AMT sweet spot, and should stay there, per Kitces. https://www.kitces.com/blog/evaluating-exposure-to-the-alternative-minimum-tax-and-strategies-to-reduce-the-amt-bite/ Could be. Probably depends on the actual state/local tax rates, amounts of charitab...
by EddyB
Thu Sep 28, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Stock Options with Company Merger
Replies: 8
Views: 465

Re: Stock Options with Company Merger

You would have to look at the stock option agreement you signed when you accepted the options. You may be able to do a cashless exercise where you will get the net proceeds (probably less withholding tax). The net proceeds (market price - strike price) will be reported as ordinary income for you. I...
by EddyB
Wed Sep 27, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3771

Re: Tax saving strategies for DINKs

If you do regular charitable contributions, you could "double up" and do your contribution for next year or beyond, while taking the standard deduction in other years. We put three years worth of contributions in a Donor Advised Fund this year and will take the standard deduction the next two years...
by EddyB
Wed Sep 27, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3771

Re: Tax saving strategies for DINKs

Thanks for all the replies. I get the sense that W-2 people have little to no options for tax sheltering. The one interesting idea I had not considered was opening up 529 account even though we don't have kids yet. I will look into that. Here are some replies to questions asked. Eddy B: Our local r...
by EddyB
Wed Sep 27, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4447

Re: $700 to install a dishwasher seem by a plumber?!

8foot7 wrote:
Wed Sep 27, 2017 12:52 pm
They don't want the job.
Or they know where the OP lives and that s/he is required to use a licensed plumber.
by EddyB
Wed Sep 27, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3771

Re: Tax saving strategies for DINKs

We are a DINKs who live in the downtown area of a major city. We are both W-2 employees. We rent. We will be in the highest federal income tax bracket this year. When you add our high local income tax rate, our marginal rate will be fairly close to 50%. We will also pay AMT. Is your local income ta...
by EddyB
Tue Sep 26, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Looking for Quality Landline Phone Manufacturer
Replies: 14
Views: 1251

Re: Looking for Quality Landline Phone Manufacturer

I use an older "office" phone for my home office (our only landline), a Polycom Soundpoint Pro SE-225, that has held up to extremely heavy use for the nearly-decade-long period I've owned it, plus whatever its prior owner(s) did to it. May be overkill for your use, but it's hard to fault it.
by EddyB
Mon Sep 25, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 41
Views: 3233

Re: What's the purpose of having a child's name on a deed?

With the Federal estate tax there would be nothing included in the estate with this example. Gill Well, the poster referred to Pennsylvania estate tax, so what applies on the federal side is irrelevant. I hope you know this for a fact, because many states apply Federal law. I'm not a Pennsylvania l...
by EddyB
Sun Sep 24, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 6774

Re: Tipping question....Applebees

I'm surprised how many people don't realise that employers are required to make up the difference to tipped employees to bring them up to the federal minimum wage (and perhaps a higher state or local one) if their hourly rate plus tips falls short of that threshold. It's been a while but when I was...
by EddyB
Sun Sep 24, 2017 10:23 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 6774

Re: Tipping question....Applebees

The main problem is that Americans still tip. Tipping is an antiquated and unnecessary step in the dining experience that adds zero value. It creates big disparities in pay between the front and back restaurant staff. It's because servers get paid 2 bucks an hour. In every other country in the worl...
by EddyB
Sun Sep 24, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 41
Views: 3233

Re: What's the purpose of having a child's name on a deed?

My parents will listen to anyone who will give them advice. I have relatives who are like this. They put a young relatives name on the deed to their home. Not sure what the reasoning was. The young relative died first. They had to pay PA Inheritance Tax when they inherited part of their own house b...
by EddyB
Sun Sep 24, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5085

Re: Bogleheads monthly costs of dog ownership?

Grooming- $50 a month Food - $25 a month Other stuff - $5 (dog bags) Medical - Usually 0, but you I would think setting aside $30 a month would more than cover the cost. Won't be spending a dime on grooming. Don't mind washing, brushing, clipping nails, brushing teeth myself. If you are experienced...
by EddyB
Thu Sep 21, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24006

Re: I won the Lottery. Need sound advice.

Again, thanks, everybody. Here's what I'd like to do ideally in the next few months. Am I doing the right thing? -Immediately pay off all the "bad debt", and never use credit again. (215k). Again, I realize that this is a lifestyle and psychological process about learning and realizing how to truly...
by EddyB
Wed Sep 20, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5420

Re: Lawyer overbilling for prenup review

<t>You are a victim of "Value Based Billing". IMO The 6 hours is undoubtedly bogus. The attorney had a perception that the value of his work was worth 6 hours regardless of time spent. You, on the other hand, have experienced an unfulfilled expectation... the source of virtually every upset. I don'...
by EddyB
Tue Sep 19, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15338

Re: Let's talk about your FI # and family income [Financial Independence]

Admiral, So? Find new friends. Many of my family members are either early retired or semi-retired at around 50 years old. Or, they are self-employed with a flexible schedule. So, in many cases, my family has enough people to fill half or form a tour group to travel overseas. KlangFool To each his o...
by EddyB
Sun Sep 17, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: S & P broke major technical/psychological number
Replies: 21
Views: 2806

Re: S & P broke major technical/psychological number

I'm waiting for it to break a major physiological number before I get excited.
by EddyB
Sun Sep 17, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5420

Re: Lawyer overbilling for prenup review

2) Stopped after an hour, when he knew there was no way he'd be able to come close to honoring your request, and provide you a progress report. Any professional can tell you that providing a progress report regarding work that has been done can be time consuming, and can take as much time as the wo...
by EddyB
Sat Sep 16, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5420

Re: Lawyer overbilling for prenup review

Paste us your time limit instructions and the attorney's estimate in email or the engagement letter. In hindsight I wish my written language in my email to negotiate further services from him after the initial consult was very exact about a ceiling on hours, but here is what I wrote: "Please let me...
by EddyB
Fri Sep 15, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18202

Re: Is it really Worth it to brown bag your lunch at work?

EddyB, 1) How much does this person save after buying the house? What is the gross saving rate? Does brown bagging make up for the difference? 2) I had consistently said that the "rent versus buy" comparison is fundamentally flawed. People do not rent what they want to buy. They just use that renta...
by EddyB
Fri Sep 15, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18202

Re: Is it really Worth it to brown bag your lunch at work?

My example is very prevalent in the real world. Many folks believe that they should buy a house 3 to 4 times their gross income. After that, nothing else matters. KlangFool Many of us have to. My gross income is $60,000. You can't get a house in my town for less than $180,000. There just aren't any...
by EddyB
Fri Sep 15, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15338

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

What's included in your definition of income? See https://www.bogleheads.org/forum/viewtopic.php?t=156155 for Livesoft Adjusted Income, which includes things like employer 401k match, health insurance contributions, etc. Not adjusted gross. You and your partner's salaries, not including free money ...
by EddyB
Fri Sep 15, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15338

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

3.5% at age 30? I'd think 2.5% if you wanted to be close to bulletproof. You may be interested in listening to, to reading the transcript of, the interview with Michael Kitces here: http://www.madfientist.com/michael-kitces-interview/ When Kitces provides a guarantee backing the claim, maybe I'll b...
by EddyB
Fri Sep 15, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15338

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

Grt2bOutdoors wrote:
Fri Sep 15, 2017 1:21 pm

3.5% at age 30? I'd think 2.5% if you wanted to be close to bulletproof.
You may be interested in listening to, to reading the transcript of, the interview with Michael Kitces here: http://www.madfientist.com/michael-kitces-interview/
by EddyB
Fri Sep 15, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18202

Re: Is it really Worth it to brown bag your lunch at work?

My example is very prevalent in the real world. Many folks believe that they should buy a house 3 to 4 times their gross income. After that, nothing else matters. KlangFool Many of us have to. My gross income is $60,000. You can't get a house in my town for less than $180,000. There just aren't any...
by EddyB
Tue Sep 12, 2017 11:47 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18202

Re: Is it really Worth it to brown bag your lunch at work?

Reading the replies on both sides of the issue has given me another reason to be glad I work from home, and the realisation that I still benefit from the high school and college years I spent working in a range of restaurant kitchens.
by EddyB
Sat Sep 09, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36012

Re: Michael Kitces 4% rule podcast on Madfientist

I brought up the poverty level just to put things in perspective...Here "poverty" is defined by the federal government, there is no subjectivity there....however, without proper context, it can be misleading. For instance, someone for whom home and vehicles etc are paid off, is different than a fam...
by EddyB
Sat Sep 09, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 46885

Re: Equifax customer information leak

I am starting a company to rate the credit raters. Equifax will not be getting a very good rating. But you have to give them high marks for waiting 9 weeks to release the news. Just in; Equifax executives sold stock after data breach, before informing public http://www.marketwatch.com/story/equifax...
by EddyB
Tue Sep 05, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24132

Re: Name something you had to have and now you regret purchasing it?

I regret when I have something I really like and use and then buy a second one or a third one. That never works. I have mountain bike I like and use it a lot. I then decide I should have a road bike because I should go road biking more. I end up using both bikes less and having "bike guilt" because...
by EddyB
Thu Aug 31, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Oregon road trip help
Replies: 85
Views: 5490

Re: Oregon road trip help

JupiterJones wrote:
Fri Aug 25, 2017 10:26 am
itstoomuch wrote:
Thu Aug 24, 2017 11:47 pm
Prop planes.
When I visited, they didn't have any prop planes. They were all 100% real ones.

:D
That deserves some recognition. Bravo, Jupe.
by EddyB
Thu Aug 31, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36012

Re: Michael Kitces 4% rule podcast on Madfientist

I'm not Jewish but perhaps a relevant quote: "Instead of promising yourself that you will play golf, read good books, and enjoy time with the family when you retire, you should heed Ben Zomah’s advice and take constant little slices of retirement as it were, each and every day of your life." I agre...
by EddyB
Thu Aug 31, 2017 7:24 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 36012

Re: Michael Kitces 4% rule podcast on Madfientist

Awesome podcast. One thing I dont get is why more people dont break their retirement spending down into required and discretionary. I dont see why you couldn't say something like 'Your required spending should be less than 3% of your portfolio (ie. worst case) and your discretionary spendings shoul...
by EddyB
Wed Aug 30, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 6603

Re: When to give resignation notice

It's still a problem, but this is not a bad problem to have. While I suggest being very cautious about giving notice before a vesting event or bonus is triggered, in your case I would be even more careful not to lose the 2x salary increase and generous new vacation benefits. Given a choice between ...
by EddyB
Mon Aug 28, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 45
Views: 4555

Re: Priorities - Biglaw junior associate

Not a big law person, but have known a lot. Have also dealt with highly variable and unpredictable earnings for the last 15 years. To me pre-paying debt that is priced at 2% is just a poor financial decision. If it worries you that much, at least invest in CDs to cover the required payments and hav...
by EddyB
Mon Aug 21, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14900

Re: How far would you travel to see The Eclipse?

Nate79 wrote:
Mon Aug 21, 2017 6:18 pm
Walked to the front yard. Pretty underwhelming and was expecting it to be more. From what I see there is definitely two camps of people. Those that think it was awesome and those that yawn and go back to real life.
What could be more "real"?