Search found 1215 matches

by EnjoyIt
Sun Oct 01, 2017 3:51 am
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16183

Re: $10 million+ - Still Working and LBYM

I don't think your question needs to be $10million+ or any other actual figure. basically what I think you are asking is "When one's wealth reaches financial independence, how does it affect/change your life?" 1) How did it change our spending habits? Outside of an estate tax issue for us, as we nea...
by EnjoyIt
Sun Sep 24, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11601

Re: Lifestyle Creep

We have lifestyle creep but the creep is sort of mathematically planned. For example we did not buy a house till our net worth was $0 and we could afford a 15 year mortgage and 20% down (we had very large school loans). Next we saved very aggressively so that using a 4% real return we could easily r...
by EnjoyIt
Tue Sep 05, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24130

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

House with a pool. Since I stink at maintaining it and turned the water green we hire out for $170/month ($2040/yr) plus incidentals ranging from $50-$200/yr. In the last 5 years we had to re-line the pool and replaced the motor costing about $10k plus the extra electricity I figure in these 5 years...
by EnjoyIt
Fri Aug 25, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 13974

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

I was mainly just trying to stress that there was another well respected researcher who implied sub 3% withdrawal rates, regardless of age, are overkill (which for some reason I get irrationally riled up about whenever I see them discussed here). I think that it is reasonably easy to talk about liv...
by EnjoyIt
Tue Aug 22, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Where to park emergency fund to beat inflation?
Replies: 25
Views: 3218

Re: Where to park emergency fund to beat inflation?

For a sum like $10k using the 5% checking account is a great idea if you are willing to jump through their hoops. These types of accounts have limits. This one is $10k so your value would be perfect. It appears as long as you set up estatements and auto withdraw $100/month from this account to your ...
by EnjoyIt
Sun Aug 20, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13577

Re: I own no international stocks. Can you guess why?

Plenty of reasonable guesses above. I'm posting just to follow.
by EnjoyIt
Sat Aug 12, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Solo 401k
Replies: 7
Views: 764

Re: Solo 401k

question for the masses: If one is incorporated they can invest $18k employee contribution into the solo401k and another 25% of salary up to $36k for 2017. As an example if the corporation made $100k profit and your wages are $80k you can contribute $18k as the employee and another $20k as the emplo...
by EnjoyIt
Tue Aug 08, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: [Stashing a windfall in the safest possible place while deciding what to do next]
Replies: 45
Views: 3408

Re: Stashing a windfall in the safest possible place while deciding what to do next

being the one who recommended the prime money market account with its higher yield (1.1%), I am curious why the federal money market is better (0.93%.) Can anyone explain it? Is there really any risk in a prime money market account?
by EnjoyIt
Tue Aug 08, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do when you need access to money in an investment account?
Replies: 33
Views: 3025

Re: What do you do when you need access to money in an investment account?

You really should not have said "I want to buy $100K boat" especially after how the first few replies went. Buying boat would always be discouraged by BH. I will give concrete example of what I did with my son's 529 plan. The money was in the balanced fund and I took proportional money two times ye...
by EnjoyIt
Tue Aug 08, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: [Stashing a windfall in the safest possible place while deciding what to do next]
Replies: 45
Views: 3408

Re: Stashing a windfall in the safest possible place while deciding what to do next

splitting up $7 million into 28 different FDIC accounts at $250k each to be FDIC insured is probably the safest thing to do though appears very cumbersome. She already has an account at Vanguard. I would put it all in the Vanguard prime money market account (VMMXX) which will earn currently 1.1% whi...
by EnjoyIt
Mon Aug 07, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 8112

Re: kids think lazy if retire?

I think it's a little odd to quit what seems to be an extraordinary flexible and high-paying job at 50 to mostly sit around and watch movies. Most people can't just take time off during the week, assuming you've hit your max 2 or 3 weeks annual vacation by now. And 30x seems light to me at that age...
by EnjoyIt
Mon Aug 07, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6004

Re: NYT: Buy more takeout and hire a maid, study suggests

I believe cooking is healthier than eating out. When we cook, we know exactly what ingredients we use, and make sure not to use too much fat/butter. I find that eating out tends to be much higher in salt, fats, and general calories as compared to the meals we prepare at home. Eating out is fine, but...
by EnjoyIt
Mon Jul 31, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: Non Stick frying pan
Replies: 56
Views: 4010

Re: Non Stick frying pan

Bogleheds, I need a little consumer advice on purchasing a good non stick frying pan. I cook eggs at least 3 times a week and need a frying pan that will hold up to this constant abuse of sticky eggs and cheese. I have tried upgrading to Calphalon with fantastic results at first but after about 2 y...
by EnjoyIt
Mon Jul 31, 2017 1:44 am
Forum: Personal Finance (Not Investing)
Topic: What to do with 3oz of gold?
Replies: 28
Views: 4559

Re: What to do with 3oz of gold?

I have a couple of gold and silver coins. They are worth a tiny tiny fraction of my portfolio. I keep them to remind me not to be so foolish in the future.
by EnjoyIt
Mon Jul 31, 2017 1:31 am
Forum: Personal Consumer Issues
Topic: Non Stick frying pan
Replies: 56
Views: 4010

Re: Non Stick frying pan

Get yourself a good cast iron pan, use a little oil and it's totally non stick even with eggs. Iron is better for you than aluminum as well. Lodge is common, here is the fancy brand http://www.stargazercastiron.com/ Is this really true? do cast iron pans really not stick with just some spray oil on...
by EnjoyIt
Sun Jul 30, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: Non Stick frying pan
Replies: 56
Views: 4010

Non Stick frying pan

Bogleheds, I need a little consumer advice on purchasing a good non stick frying pan. I cook eggs at least 3 times a week and need a frying pan that will hold up to this constant abuse of sticky eggs and cheese. I have tried upgrading to Calphalon with fantastic results at first but after about 2 ye...
by EnjoyIt
Tue Jul 04, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 34477

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

I think there are a lot of assumptions that go into the 25x model. For one it assumes people will live off about 75% of their pre retirement income and live to mid 80's. This may sound envious and it is not, but I frankly don't care much about people who need 10 million to retire. That assumes a li...
by EnjoyIt
Tue Jul 04, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 14486

Re: Bogleheads: you should be buying 10-year old cars

Save to meet your desired goal. Save a little bit extra just in case and to reach your goal earlier. Spend the rest on whatever you want. I personally like buying 3 year old luxury cars for cash and driving them till about 100k miles which usually takes about 10 years to do. My current care has abou...
by EnjoyIt
Tue Jul 04, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 11348

Re: Long term care insurance - is it worth it?

Regarding nursing home care and payments I found a pretty good link regarding cost https://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html http://news.morningstar.com/articlenet/article.aspx?id=564139 This could be a good resource of people who plan on retiring and want to mak...
by EnjoyIt
Fri Jun 30, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

His company address is registered to a UPS store address which is the same address on my contract with him. Ok, and did you check the corp directory for Texas or see if your county has a licensing/bond requirement for g.c's to get any more info?? Even the UPS store address is enough to start things...
by EnjoyIt
Fri Jun 30, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3959
Views: 1051857

Re: U.S. stocks in freefall

As long as it's a small part of your portfolio it's. not a big deal; the big thing is that for the vast majority of your holdings you've committed toward diversifying and low cost. It's obviously nice to optimize but for whatever reason not all of us are 100% optimized and that's ok. That's kinda h...
by EnjoyIt
Fri Jun 30, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

A quick google search tells me that Texas does not have a licensing requirement for general contractors. Unless I am missing something. Texas does license some contractors with sub-specialties (which could apply to your g.c.) and your municipality could have a licensing regime. Texas does not licen...
by EnjoyIt
Fri Jun 30, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

If you truly think the money is gone then stop paying more to go after the person unless you think you can actually catch him to help others in the future. It would be helpful to post the red flags or things you didn't check on before handing this person a 5 figure check. Were they the lowest bidde...
by EnjoyIt
Fri Jun 30, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

I have accepted that the money is gone a long time ago. Just wonder if it is worth throwing more money after bad to get justice. That is a personal decision you'll have to make. I'd certainly cut my losses after spending a brief amount of time and money to see what my options are, such as talking w...
by EnjoyIt
Fri Jun 30, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

A quick google search tells me that Texas does not have a licensing requirement for general contractors. Unless I am missing something. Did you check the contractor's construction account, as required by Texas law according to https://www.texasattorneygeneral.gov/cpd/home-remodeling-and-repair ? If...
by EnjoyIt
Fri Jun 30, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3959
Views: 1051857

Re: U.S. stocks in freefall

I'm having a personal free-fall. VZ is down 18% YTD; it was 15% of my portfolio. :( Personal free-falls may be the only ones we have for awhile. Anyone else want to share? :mrgreen: I too own VZ and XOM. They are my only 2 legacy stocks from back in the day I was a dividend investor. Capital gains ...
by EnjoyIt
Fri Jun 30, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3959
Views: 1051857

Re: U.S. stocks in freefall

I'm having a personal free-fall. VZ is down 18% YTD; it was 15% of my portfolio. :( Personal free-falls may be the only ones we have for awhile. Anyone else want to share? :mrgreen: I too own VZ and XOM. They are my only 2 legacy stocks from back in the day I was a dividend investor. Capital gains ...
by EnjoyIt
Fri Jun 30, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3959
Views: 1051857

Re: U.S. stocks in freefall

I'm having a personal free-fall. VZ is down 18% YTD; it was 15% of my portfolio. :( Personal free-falls may be the only ones we have for awhile. Anyone else want to share? :mrgreen: I too own VZ and XOM. They are my only 2 legacy stocks from back in the day I was a dividend investor. Capital gains ...
by EnjoyIt
Fri Jun 30, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

A quick google search tells me that Texas does not have a licensing requirement for general contractors. Unless I am missing something. Did you check the contractor's construction account, as required by Texas law according to https://www.texasattorneygeneral.gov/cpd/home-remodeling-and-repair ? If...
by EnjoyIt
Thu Jun 29, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7964

Re: Time in the market is more important, But seriously ?

go in gradual. nothing wrong with moving in slowly, to get used to the ups and downs.. You might be right - the market might drop. Do whatever you feel comfortable with. it probably doesnt matter in 20-30 years. This may be your best solution. Break it up into several pieces and invest it over the ...
by EnjoyIt
Thu Jun 29, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

A quick google search tells me that Texas does not have a licensing requirement for general contractors. Unless I am missing something.
by EnjoyIt
Thu Jun 29, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

It appears the contractor has no property in the state this occurred. I have contacted a lawyer who will for $150 write him a letter. The unfortunate part is that I have no idea where he lives at this time. If this was for a few thousand I would forget about it, but for 5 figures I want this guy in ...
by EnjoyIt
Fri Jun 23, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

Just a quick update. I looked to check if this contractor owns any property and he does not. I am having a lawyer write him a letter to start. It will be my first expenditure on trying to get money back ($150.)
by EnjoyIt
Thu Jun 15, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Re: Contractor took deposit but never did any work. What next?

follow up and answer some questions: 1) I contacted a lawyer today and awaiting for a response 2) I would prefer not to divulge the exact amount but it is for a 5 figure sum which is well above the small claims court maximum. If it was something like $1500 I would just eat the loss, but at 5 figures...
by EnjoyIt
Thu Jun 15, 2017 12:26 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 7071

Contractor took deposit but never did any work. What next?

I was hoping to get some advice on my problem. Story: It will be little vague incase it ends up in litigation. A few months ago I hired a contractor to do some work on my house. We signed a contract and I paid him a sizable deposit to buy the necessary items and then start working. During the next f...
by EnjoyIt
Mon Jun 05, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7006

Re: I'm considering buying a house in the $800k range.. can I?

Yes you could afford it, if you put 20% down you will be buying a mortgage at about 3x income. But, do you want a large chunk of your income going towards financing that house? Is it worth it to you? Is it worth working several extra years before you are financially independent? Only you can answer ...
by EnjoyIt
Mon Jun 05, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: Black and white laser printers
Replies: 43
Views: 2768

Re: Black and white laser printers

I have a Brother MFC-7840W I bought in early 2010 and still going strong.
by EnjoyIt
Fri Jun 02, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 50
Views: 5284

Re: How does a mere mortal navigate healthcare/insurance issues

To answer your question, call and negotiate. I know you can bring the price down to an in-network reimbursement. Personally I would not pay a penny more than that. The reason why this practice occurs is because people want to make more money. Many insurance companies will pay out of network provider...
by EnjoyIt
Fri Jun 02, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Used 2013 Audi A5 or New Honda Accord Sport
Replies: 71
Views: 6236

Re: Used 2013 Audi A5 or New Honda Accord Sport

I would take the Audi, mainly because I drive an Audi and for $15k, it is well worth the price if in good shape/well maintained. Although these cars are not as reliable compared to the Accord, they should do just fine for the first 80k-100k miles. I would definitely not hold it past 100k unless you ...
by EnjoyIt
Wed May 31, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 6819

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

I am a bit older than my wife and I have been slowly educating her on our finances. She is also instructed to do nothing and come to this forum for additional advice. I will do the same for our kids when the time is right.
by EnjoyIt
Wed May 31, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 17579

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

The math is simple. If we believe in even some historical precedent you are much better off not paying down a low interest rate debt that also provides a tax deduction compared to investing in your predetermined asset allocation. We as bogleheads preach staying the course and not using emotion to m...
by EnjoyIt
Wed May 31, 2017 12:27 am
Forum: Investing - Help with Personal Investments
Topic: Any advice on investing 200k, short term 1 yr?
Replies: 15
Views: 2247

Re: Any advice on investing 200k, short term 1 yr?

Another vote for leaving it in a high yield savings account. Collect your $2000 in interest and then buy the house. Don't take any risk with your down payment when it is not needed to hit the number you need. If you are confident in the 1-2 year range then I would strongly consider CDs or high yiel...
by EnjoyIt
Tue May 30, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 17579

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

The math is simple. If we believe in even some historical precedent you are much better off not paying down a low interest rate debt that also provides a tax deduction compared to investing in your predetermined asset allocation. We as bogleheads preach staying the course and not using emotion to ma...
by EnjoyIt
Tue May 30, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 17579

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

For the millions who did lose their employment and still may not have recovered, this has not been a successful experiment. Being this forum is a select bunch, I would expect to hear about successes, but if you look around there is plenty of evidence that this experiment did not turn out well for m...
by EnjoyIt
Tue May 30, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 17579

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

For the millions who did lose their employment and still may not have recovered, this has not been a successful experiment. Being this forum is a select bunch, I would expect to hear about successes, but if you look around there is plenty of evidence that this experiment did not turn out well for m...
by EnjoyIt
Tue May 30, 2017 10:19 am
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 17579

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

KlangFool » Sun May 28, 2017 9:13 pm J295 wrote: Not our cup of tea. Eliminating mortgage early and having no debt worked out fine for our retirement at 53. Would be curious how the group might see this in a more stressful environment (anyone recall steep housing price and equity market declines in...
by EnjoyIt
Wed May 24, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 11773

Re: A Gem from Livesoft

You aren't a burden or death if you hit $0 at death, you would be a burden to go negative or have insufficient funds prior to death. And again as I understand it $0 is the minimum definition for a success not the definition for a success, the vast majority of successful outcomes with the withdrawal...
by EnjoyIt
Tue May 23, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 11773

Re: A Gem from [some guy not livesoft]

I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate. Did you read the entire series? Your wish was granted. Their overall conclusion seems to be to stick to 3.5% for periods greater than 30 years. They had a segment which picks apart the GK method ...
by EnjoyIt
Tue May 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 11773

Re: A Gem from [some guy not livesoft]

livesoft wrote:
EnjoyIt wrote:I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate.

Did you read the entire series? Your wish was granted.


Confession: No, but now that I know it is there I will read the whole series.
by EnjoyIt
Tue May 23, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 11773

Re: A Gem from [some guy not livesoft]

I wish these tables/graphs were able to show some flexibility. Such as a semi variable withdrawal rate. I would assume 4% has to be close to providing a 100% success rate if I am willing to decrease my spending during the bad years. This strategy works great for those retiring in a relatively comfor...