Search found 1183 matches

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: 31
Views: 3929

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: 31
Views: 3929

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: 31
Views: 3929

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: 6081

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: 2192

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: 4507

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: 5207

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: 5806

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: 15343

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: 1997

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: 15343

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: 15343

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: 15343

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: 15343

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: 11021

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: 11021

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: 11021

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: 11021

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...
by EnjoyIt
Tue May 23, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 3948

Re: Anyone else track the value of their investments by discounting the value of equities?

Once could/should then discount any holding by your tax rate if held in a tax deferred account. If you have all your equity in Roth's no problem - $1 = $1 but if some is in an IRA, $1 of equity in a Roth does not equal $1 of equity in an IRA. So which number to use? Best, coy It is impossible to an...
by EnjoyIt
Sun May 21, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 3948

Re: Anyone else track the value of their investments by discounting the value of equities?

The Trinity Study includes market downturns and shows 4% has succeeded in almost every scenario. Keeping that in mind do we really need to discount our investments? By doing this we are decreasing the risk of running out of money, but replacing that risk with wasting our time in accumulating more mo...
by EnjoyIt
Fri May 19, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 3948

Re: Anyone else track the value of their investments by discounting the value of equities?

No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates. I plan to do similar but in a 5 year CD ladder as I start getting close to retirement. Although I just calculated by discounted value by 50% from equities and realize that I have e...
by EnjoyIt
Wed May 17, 2017 1:13 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4815

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter? Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it. On the contrary, taking the cash outlay for the purchase and not recognizing that you have an asset ...
by EnjoyIt
Tue May 16, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very co...
by EnjoyIt
Mon May 15, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 7203

Re: Anyone else agree with my logic on silicon valley housing?

For 1mm in the bay area , you are looking at 1.3% to 1.4% in property tax with other assessments. Downtown Austin is fun for young people like you with lot of bars and restaurants. You will like Austin but be prepare for the summer heat. Don't know Austin specifically but OP needs to understand tha...
by EnjoyIt
Mon May 15, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very co...
by EnjoyIt
Mon May 15, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

EnjoyIt, Let's assume that your income is 150K and your annual expense is 50K. In order to retire at retirement age, you need 1.25 million. In order to retire early, you need 1.5 million. Let's assume that you have 1 million now, it is entirely possible that you have 1 year with growth exceeding 15...
by EnjoyIt
Mon May 15, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 7203

Re: Anyone else agree with my logic on silicon valley housing?

We moved out of NY to Texas for the same reason about 8 years ago. Our lives couldn't be better.
by EnjoyIt
Mon May 15, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

If growth exceeds my income that means I have saved way way way too much money considering my taxes are 30% of my income and I spend about 25-30% of my income. That's not how it works because portfolio growth is not consistent year-in and year-out. Even early on before financial independence one's ...
by EnjoyIt
Mon May 15, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? EnjoyIt, SWR = 4% for retirement age. SWR = 3.33% or lower for early retirement. So, if the account growth exceeded 4%/3.33% or like 10% now, the investment is still not big enough fo...
by EnjoyIt
Mon May 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18464

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

Fascinating range of opinions about the motivations for buying a car. Since I have been assigned the curmudgeon role, I continue: I have ridden in high powered cars and occasionally driven them. When driving them it can be obvious that I have to press gently on the accelerator to maintain safe and ...
by EnjoyIt
Mon May 15, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

For all you people that said "growth in the accounts exceeded wages from work"
Why are you still working?
by EnjoyIt
Sun May 14, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18464

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

OP, of course you can afford it. But you are sorely mistaken if you think the x5 is 'fun' or truly 'luxury'. It's a people hauler. My advice - buy a cheap people hauler but buy yourself another fun car. Which leads us inexorably to the only logical answer that all car threads eventually converge to...
by EnjoyIt
Sun May 14, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9623

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

The number where you have enough to fund basic necessities for the rest of your life really puts perspective from that point on. Knowing every additional dollar saved/earned can be used for experiences, luxuries or assistance in daily life really makes things easier. It also gives you the ability to...
by EnjoyIt
Sun May 14, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4815

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter? Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it. On the contrary, taking the cash outlay for the purchase and not recognizing that you have an asset ...
by EnjoyIt
Sun May 14, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 4815

Re: Cars: Expense or Asset?

I don't fully understand the purpose of this exercise. Does it really matter?

Unless you have a classic car, that car probably shouldn't be in your net worth calculation as it dubiously inflates it.
by EnjoyIt
Sun May 14, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5184

Re: Anyone else dial down retirement savings?

I found tax advantaged accounts to be very advantageous. I maxed 401ks and added to non-deductible tIRAs. Later I did back door Roth IRAs. When I paid off my mortgage early I did it out of a taxable account. Later when income went down after retirement I converted the traditional accounts. Are you ...
by EnjoyIt
Sat May 13, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Owner ---- mortgage or cash?
Replies: 8
Views: 1193

Re: First Time Home Owner ---- mortgage or cash?

cash vs mortgage is an age old question around these parts. There are pros and cons to both. If I was in your situation I would take out the mortgage for the following reasons: 1) Historically over long term Investing beats out paying extra into a mortgage. 2) Having a mortgage would free up some ca...
by EnjoyIt
Thu May 11, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6185

Re: Buffett/IBM

EKG machines have been spitting out abnormalities for a long time now. Same with flagging "abnormal" labs. I don't know how accurate they are or how much they have improved. Not sure if this is AI or if modern AI techniques can make this more accurate, but I think what many of us have in ...
by EnjoyIt
Thu May 11, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6185

Re: Buffett/IBM

As for a law degree. Knowing a history of common law suits in medicine will allow a machine to "practice" defensively to minimize bad outcomes. The idea is frightening; turning over medical decision making to machines AND letting them use law suits as the criteria for treatment. I think y...
by EnjoyIt
Thu May 11, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: General question of balance and compromise
Replies: 26
Views: 1940

Re: General question of balance and compromise

I think once you realize that shiny things don't really buy that much happiness, all of a sudden some of your splurges become meaningless. For example look at the latest expensive thing you bought. Do you still love it, does it still bring you the same amount of joy as compared to when you bought it...
by EnjoyIt
Wed May 10, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6185

Re: Buffett/IBM

...Currently Watson is going to medical school. It is believed in a few years he will be reading all radiology exams removing all the normal studies giving radiologists only the abnormal ones. I'm sure in no time Watson will be diagnosing patients providing a differential diagnosis and recommending...
by EnjoyIt
Tue May 09, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6185

Re: Buffett/IBM

...Currently Watson is going to medical school. It is believed in a few years he will be reading all radiology exams removing all the normal studies giving radiologists only the abnormal ones. I'm sure in no time Watson will be diagnosing patients providing a differential diagnosis and recommending...
by EnjoyIt
Mon May 08, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 14088

Re: Most Common Financial Mistakes

I think many have it completely off. The biggest destroyers of wealth 1) Divorce 2) taxes and not maximizing retirement accounts if possible 3) too much house 4) new cars every 3 years that are outside your income 5) spending an unlimited amount of money on kids. If a family can prevent the above, e...
by EnjoyIt
Sun May 07, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 800K house?
Replies: 52
Views: 5025

Re: Can we afford a 800K house?

My spouse and I moved to USA two years back and live in a HCOL area. We end up making around 580-680K (based on our company stock) in total per year. After around 200K taxes, we end up spending 50K for our rental home per year (15 minute drive to work on most days, 30 minutes by Bus), 40K per year ...
by EnjoyIt
Sun May 07, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 4044

Re: Best salads

First off, anything with iceberg lettuce is not a salad, it is just a filler since it has no nutritional value. My base salad is this: Tomatoes Cucumbers onions avocado Tuscan spices (you may want to add salt if it is not in the tuscan spices) fresh ground black pepper fresh dill if you have it but ...
by EnjoyIt
Sun May 07, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6185

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by EnjoyIt
Tue Apr 18, 2017 11:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 342
Views: 23786

Re: Your USER NAME...what does it mean?

It is to remind me to enjoy life and not just try and make as much money as possible.

Life is too short to just spend it working.
by EnjoyIt
Sun Apr 09, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8710

Re: Spending beyond my means, I think..is my budget out of whack?

Sorry, but most of that is just baloney. I have small children and they were in a community "pre school" or "daycare" depending on how you define it. I think we paid $250/month. It was great for socialization, but most real education came from my wife or I. My kids could all rea...
by EnjoyIt
Thu Apr 06, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8710

Re: Spending beyond my means, I think..is my budget out of whack?

I passed over the part where you are contributing to your roth as well. I would stop doing this and you should be fine for the next two years. Two years wont make a big deal and you are already saving a lot in your 401k plus have a very high matching. I completely disagree. He is better off funding...
by EnjoyIt
Thu Apr 06, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6895

Re: Got my second comma -- what is this anticlimactic feeling?

$1 million and a paid off house is a huge milestone. Don't even think of selling yourself short. Just look at the math. If you don't add a single dime it will grow to $2.7 million (real) by the time you are 68 with the assumption that growth will be slightly lower than historical. Add in social secu...

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