Search found 1444 matches

by EnjoyIt
Wed Apr 11, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2385

Re: Easily digestible info/blog on finances for spouse?

The 10 videos found in the wiki of bogleheads is excellent. They are about 5 minutes each.
by EnjoyIt
Sun Apr 08, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 571

Re: Investment in a corporation goes belly up. How to file

This is not a publicly traded corporation. Myself and a few other colleagues have invested in this startup which failed. The corporation filed a 1065.

There really are no assets left. There were all used up in software development and advertising :(.
by EnjoyIt
Sun Apr 08, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 571

Investment in a corporation goes belly up. How to file

I was an investor in a corporation that dissolved all function at the end of 2017. I received a k1 but it seams to still show value in my investment on the K1. How do I file that all value has disappeared so I can get some tax savings on the losses?
by EnjoyIt
Sun Apr 08, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12470

Re: Ivy school education. Is it worth it?

It is much more important that to study something that really grabs you... or discover something that really grabs you ... or find that professor who just strikes a spark... than any statistics on ROI can possibly capture. Photography grabs many people but the odds of having a career that makes any...
by EnjoyIt
Sat Apr 07, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11417

Re: What is your AA, given your age? and, Why?

I am in my 40s and our AA is 70/30. I am comfortable at 70/30 since I make a solid and reliable income. I will stay at 70/30 until I semi retire and glide to 60/40. When I fully retire I will go to 50/50. When SS kicks in I will go back to 60/40. None of my decision are based on age except for SS at...
by EnjoyIt
Fri Apr 06, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 325

Re: Backdoor Roth clarification (yes another)

Thank you all for the clarification. It is what I suspected.
by EnjoyIt
Fri Apr 06, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 325

Re: Backdoor Roth clarification (yes another)

This conversion is reported on 2018 taxes correct. I do not have to report it for 2017 just the post tax contribution correct?
by EnjoyIt
Fri Apr 06, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 325

Backdoor Roth clarification (yes another)

I want to make sure I am accurate.

If I do a post tax traditional IRA contribution today for 2017 of $5500 and also another $5500 for 2018, I can convert them both into Roth with no issues. Correct?
by EnjoyIt
Sat Mar 31, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4066

Re: Tired of gas grills rusting out...

I second the Weber grill, Our last weber sat outdoors with no cover. Lasted 15 years before being replaced for a larger Weber and not because it was rusting. I did have to replace the flavor bars twice. The auto light was replaced 2 times. If you are fine cleaning it, get a used Weber, clean it out,...
by EnjoyIt
Sat Mar 31, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need to save?
Replies: 16
Views: 2764

Re: How much do I need to save?

What are your goals? 1) Do you want to retire early? 2) Do you want to make sure you have both kids college fully funded? 3) Will you need a new car soon? Personally I think you are on track for great things. If I was in your shows I would start saving some cash for new cars since you make it seam t...
by EnjoyIt
Thu Mar 29, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 12703

Re: Healthy eaters -- is this grocery budget normal to you?

I will offer the same advice I have for any budgetary question (or engineering problem): you can't control what you don't measure. Keep track of everything you spend on food and break it down by item type. Much of your spending will probably turn out to be for a small part of what you eat, it may n...
by EnjoyIt
Thu Mar 29, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8959

Re: What is the endgame for Millennials?

They will live on whatever social security gives them. It is no different than all the other people who have retired over the last few decades with minimal to no savings. Most people care only about the here and now and don't concern themselves to much about the future until it is too late. Nothing ...
by EnjoyIt
Tue Mar 27, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 8967

Re: Not going to be buying chicken for a while...

Thanks for sharing. Interestingly over the last year we stopped buying breasts because they just did not taste well and transitioned to thighs.

I will keep an eye out.
by EnjoyIt
Sun Mar 18, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: 200K sitting in brokerage account
Replies: 20
Views: 3238

Re: 200K sitting in brokerage account

Think about it like this: If you had $200K in investments, transaction costs and tax issues aside, would you pull it all out, and then gradually reinvest $10K per week over the next few months? If you wouldn't do that, then why would you do it now when you have $200K in cash? Someone with $200K in ...
by EnjoyIt
Fri Mar 09, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9102

Re: Can I take an 85+% pay cut for fun?

OP here. Thanks for all the well-reasoned and helpful responses. I was afraid my initial post was so long that I might not get much feedback, glad you all took the time to read it. Interesting to see responses ranging from, "this is a terrible idea" to "I would". :wink: I admit I have had both of t...
by EnjoyIt
Fri Mar 09, 2018 3:18 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9102

Re: Can I take an 85+% pay cut for fun?

fast_and_curious, I love how you are thinking, but I don't like when you are thinking it. What I like: You are looking for ways to enjoy life more instead of being stuck at a desk doing something you hate for the rest of your life. You are willing to make changes to enjoy your life more. You have do...
by EnjoyIt
Wed Mar 07, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: What's that smell?
Replies: 41
Views: 6106

Re: What's that smell?

Bogleheads, Let me first say that I have no plans to change my asset allocation (three-fund portfolio, in case it wasn't obvious); however, I wake up every morning to the terrible odor of overpriced US stocks and low bond yields. It offends my olfactory senses and makes me want to invest all my mon...
by EnjoyIt
Wed Mar 07, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 3813

Re: Should I "get divorced" for tax purposes (PSLF)

No more unethical than manipulating your income so that (or retiring early because) you can qualify for healthcare subsidies, which lots of well-off people do here. Here are the problems: 1. The costs of getting divorced; 2. Whether getting divorced and living together actually achieves your desire...
by EnjoyIt
Tue Mar 06, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 6983

Re: Another "Should I self-insure" for LTC Question

This is a math and statistics question: According to AARP AARP reports that, of people who reach age 65, 48% (43% of men, 53% of women) will require some form of LTC in their lifetime (because of illness and/or disablement that interferes with daily activity). Of these 27% will need care for 2 year...
by EnjoyIt
Mon Mar 05, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 6983

Re: Another "Should I self-insure" for LTC Question

This is a math and statistics question: According to AARP AARP reports that, of people who reach age 65, 48% (43% of men, 53% of women) will require some form of LTC in their lifetime (because of illness and/or disablement that interferes with daily activity). Of these 27% will need care for 2 years...
by EnjoyIt
Mon Mar 05, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I agree to have my driving monitored in exchange for lower rates?
Replies: 65
Views: 4991

Re: Should I agree to have my driving monitored in exchange for lower rates?

I can't use this program because you need to plug a device into the OBD2 port. My radar detector and laser scrambler use that port. These two items have been very beneficial at keeping my insurance rates low. I have a perfect driving record.
by EnjoyIt
Sat Mar 03, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: New guy with a "scheme"... [transfer earned income to kids]
Replies: 33
Views: 3805

Re: New guy with a "scheme"... [transfer earned income to kids]

I see a few bloggers who use their kids as models and pays them wages for their work out of their blogging income. They can be paid as a W2 or a 1099 for each photography session. The bloggers use the pictures on their web site. I believe for this to work you need to have 2 things. 1) profit for you...
by EnjoyIt
Mon Feb 26, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 11622

Re: How Far is too Far, Commuting?

Time is valuable and most likely our most precious resource. The monetary value of your time is very personal. When you are younger, broke and have more energy you may not value your time as much. As you get older every minute becomes more and more precious. This is compounded even further when a l...
by EnjoyIt
Mon Feb 26, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 11622

Re: How Far is too Far, Commuting?

Time is valuable and most likely our most precious resource. The monetary value of your time is very personal. When you are younger, broke and have more energy you may not value your time as much. As you get older every minute becomes more and more precious. This is compounded even further when a lo...
by EnjoyIt
Mon Feb 26, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9367

Re: Blasphemy... DO PEEK!

I didn't "peek" on my accounts for almost two years after the recession. I just tossed the unopened statements in a drawer somewhere. Just lived the adage "Don't do something, just stand there". However around 2010, I decided to get serious about my finances and then started "peeking" on a more fre...
by EnjoyIt
Mon Feb 26, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

What was that saying.
The markets can stay irrational much longer than one can remain solvent"

I am always fascinated by the comment that some posters make.
We better buy now because if we don't we may miss our opportunity and never be able to afford a home.
by EnjoyIt
Mon Feb 26, 2018 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

House prices in California seem absurd, until you compare them to prices in Hong Kong and China. Then they seem cheaper, and better deals. The top 3% of the world's population in trying to move into California. And we're competing with them. Add the restrictions on building and you get a severe sho...
by EnjoyIt
Mon Feb 26, 2018 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Re: Which debt to pay down first?

I did the opportunity cost analysis of paying this debt down faster vs investing and added the info to the opening post. Depending on market returns of 3%-7% real I can expect a range of $13.5k - $80.5k over the life of the loans. I think $13.5k is definitely a worthwhile price to pay for the luxury...
by EnjoyIt
Mon Feb 26, 2018 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

Is there really no ceiling? Some major economic centers in other countries are even more expensive both in absolute terms and relative to median incomes in those areas. Hence, even if there's a ceiling, we may still have a long way to climb to reach it. I think you may have the answer to the questi...
by EnjoyIt
Mon Feb 26, 2018 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

Unfamiliar with West Coast but NYC has areas for low income individuals to live with reasonable commutes. Outside of public housing and rent controlled apartments there are plenty of options in Harlem and the outer boroughs where people can obtain relatively short commutes. Safety is certainly a co...
by EnjoyIt
Mon Feb 26, 2018 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Re: Which debt to pay down first?

I vote Option 4. But this depends on your preference. I would aim to get to have accumulated at least 25x Expenses (excluding debt) + Debt. In your case 25x + (325K). So are you saying once I have 25x + $325k I should then start paying down the debt instead of investing more in taxable? This was my...
by EnjoyIt
Sun Feb 25, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

Adamthesmythe, No interest in buying or living in those areas for multiple reasons. Our life became infinitely better by moving out of NYC. I still love to visit but have no interest in staying for longer than 1-2 weeks. So can all this growth keep outpacing inflation forever? Is that really possibl...
by EnjoyIt
Sun Feb 25, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Re: Which debt to pay down first?

Several questions: 1) Is your 25x expenses in investments exclusive of your debt? 2) If you delayed going part time how many years of the higher income would it take to pay down your debt if you dedicated the difference solely to that? 3) Is your biannual exemption bundling still going to work with...
by EnjoyIt
Sun Feb 25, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

There's no more room to build new so what is old get's replaced. What can't spread out goes up up up with sky cranes. And, yes, it goes on indefinitely. There is no ceiling. j :D Is there really no ceiling? I look at NYC and see this scenario playing out over the last 20 years. Prices keep going up...
by EnjoyIt
Sun Feb 25, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Re: Which debt to pay down first?

Several questions: 1) Is your 25x expenses in investments exclusive of your debt? 2) If you delayed going part time how many years of the higher income would it take to pay down your debt if you dedicated the difference solely to that? 3) Is your biannual exemption bundling still going to work with...
by EnjoyIt
Sun Feb 25, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Re: Help me understand HCOL and valuations

1 Please help me understand how the prices of homes in the West and Northeast continue to rise faster than inflation? 2 My thinking is, if prices keep going up faster than wages eventually it should price locals out of the market. How could this continue indefinitely? 3 Sure maybe wages keep going ...
by EnjoyIt
Sun Feb 25, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Re: Which debt to pay down first?

You can get better rates than that with CDs. There is really no reason to pay off low rate debt. As long as you have the money to pay it off any time you want to, there is no risk involved with the debt. So, Option 4. What if I don't "need" the slightly higher return and wiling to pay for the luxur...
by EnjoyIt
Sun Feb 25, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand HCOL and valuations
Replies: 22
Views: 1385

Help me understand HCOL and valuations

Please help me understand how the prices of homes in the West and Northeast continue to rise faster than inflation? My thinking is, if prices keep going up faster than wages eventually it should price locals out of the market. How could this continue indefinitely? Sure maybe wages keep going up for ...
by EnjoyIt
Sun Feb 25, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 1556

Which debt to pay down first?

For most of my investing life I have always been fine with low interest rate debt and investing everything else. So far it has done very well for us. But now that we are very close to having 25x and about to go part time, I am starting to feel the urge to knock at the debt a little. Not aggressively...
by EnjoyIt
Sun Feb 25, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: new starbucks chase visa card
Replies: 23
Views: 1723

Re: new starbucks chase visa card

And welcome to the Bogleheads forum, doc2547. Weirdly harsh responses to a rather benign post. It’s just a credit card. No big deal if you are happy with it. Certainly not the worst financial mistake you could make. Indeed, my apologies for my response "garbage card for garbage coffee." There are i...
by EnjoyIt
Sun Feb 25, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: Ever thought of withdrawing bond allocation first ??
Replies: 23
Views: 1894

Re: Ever thought of withdrawing bond allocation first ??

I will start withdrawing monthly from investments for living/spending in a few years at age 65 & I was thinking why not withdraw from Bonds first - - Stock Funds get the step up when left for inheritance when we pass, where as Bonds do not get that favorable treatment. i.e if we do end up leaving t...
by EnjoyIt
Sat Feb 24, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: new starbucks chase visa card
Replies: 23
Views: 1723

Re: new starbucks chase visa card

Garbage card for garbage coffee.
by EnjoyIt
Sat Feb 24, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 11622

Re: How Far is to Far, Commuting?

People only think about the increase pay but there is so much more to this question. The biggest unrealized cost is time and car expenses. The US government guesstimates that car utilization costs about 53.5 cents per mile which should include gas, depreciation, and repair. If you are traveling 40 m...
by EnjoyIt
Sat Feb 24, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Investors Should Worry About
Replies: 118
Views: 10520

Re: Larry Swedroe: What Investors Should Worry About

Will the above funds help or hurt me over the next several decades? Nobody knows, so the decision to hold them can only be based on sound strategy. But if you are not a sophisticated investor, which I read to mean you don't know how these funds work, then I don't know how you could develop such a s...
by EnjoyIt
Sat Feb 24, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9041

Re: Do you rent even if you can afford to buy?

I rent hotel suites by the month, sometimes even only for a week or night depending on where I am- lol. My personal items are mostly in storage. I chose this for several reasons, I am retiring soon and don't know where I will move next when I stop working, I got tired of apartment living, moving ar...
by EnjoyIt
Sat Feb 24, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Investors Should Worry About
Replies: 118
Views: 10520

Re: Larry Swedroe: What Investors Should Worry About

The recommended fund list in this article and their fees: LENDX - 1.5% QSPRX - 1.5% QRPIX - 1.43% SRRIX - 2.29% AVRPX - 2.68% I am a big fan of Larry Swedroe and often enjoy and learn from these articles but those management fees bother me. Are those fees worth the possibility of this potential scen...
by EnjoyIt
Thu Feb 22, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9041

Re: Do you rent even if you can afford to buy?

One oft overlooked downside to owning is that it tends to make people consume more housing than if they rented (i.e. they buy a bigger more expensive place than they would rent). That can quickly offset any of the “savings” advantages of buying. Of course if you are disciplined in selecting what yo...
by EnjoyIt
Wed Feb 21, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4568

Re: Giving up on first home

It seems like you've been brain-washed in to buying a house. Walk away. Home ownership isn't all it's cracked up to be anyway AND it is a time and energy sucking endeavor. I agree, the American dream of owning a home is not necessary for a good and happy life. Owning a home is adding responsibility...
by EnjoyIt
Mon Feb 19, 2018 2:57 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 8833

Re: How many of you use the "4% rule" during retirement?

If we only had SS and Stock/Bonds, for retirement, a common sense would be ONLY withdraw a minimum amount out of the S/B portfolio because it is Variable. And to continue to withdraw a minimum amount until you are "reasonably" certain that you withdraw a sustainable amount for your lifetime. . . . ...
by EnjoyIt
Mon Feb 19, 2018 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Advice for DIY bookkeeping for S-Corp owner? Software/ systems?
Replies: 2
Views: 334

Re: Advice for DIY bookkeeping for S-Corp owner? Software/ systems?

I have tried to work with accountants and bookkeepers before for the past few years but they all seem super-flakey and just fall off the face of the earth whenever I email them and ask them questions. I'm thinking about doing bookkeeping + taxes myself, but I tried Quickbooks online once at advice ...