Search found 299 matches

by HopeToGolf
Sat Jan 27, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding the impact of buying a larger house
Replies: 8
Views: 931

Re: Understanding the impact of buying a larger house

I think it depends on when you plan to retire (sort of). The math says run don’t walk to the new home. Wifey is 10 years younger, I don’t know her working situation but once the offspring are in school, the worst case scenario is she gets a job to financially contribute to the household. This all as...
by HopeToGolf
Sat Jan 20, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop 529 Contributions
Replies: 14
Views: 1646

Re: Should I stop 529 Contributions

Do you think you will get aid (free money...not loans)? If not, run a college cost calculator using the current tuition costs of a public and private school of your choice. You can also run a future value calculation using expected inflation. Be prepared to be shocked and to keep saving (if you want...
by HopeToGolf
Fri Jan 19, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Travel to Rome Italy - Recommendations
Replies: 23
Views: 1611

Re: Travel to Rome Italy - Recommendations

Buy/borrow the Rick Steves books and/or leverage his podcasts/audio tours. We used Walks of Italy and City Wonders for various tours. They were not cheap but the small groups worked well for us and helped us understand much of what we looked at. One specific tour I recommend is, Pristine Sistine Ear...
by HopeToGolf
Sat Jan 06, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7783

Re: How much are you putting in a 529?

No tax deduction in my state. Our goal was to fund retirement first then tackle the 529. Our goal with the 529 was to ensure that it covered 4 years at our flagship public university. Beginning the year we started funding that meant we needed to contribute ~$600/month and get average market returns....
by HopeToGolf
Sat Jan 06, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

Absolutely not unless you're certain you can quickly flip it for a material profit. The Tesla is a relatively unreliable status car and there's no need to add range anxiety to your list of life concerns. If you want Tesla status, get a used 2014 or so with an extended warranty so you can pretend yo...
by HopeToGolf
Sat Jan 06, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

Some days I feel like I should go with the bare bones model 3 and get it at 25k after all credits. Other days I feel like...what the hell. 49k after credits ain't that bad for something I will drive for at least 7 years :mrgreen: :sharebeer Ditto! I am not sure if the full tax credit will be availa...
by HopeToGolf
Fri Jan 05, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

What was the sticker price of the Model 3 you spent time in? $35,000 - Model 3 $ 9,000 - Long Range $ 5,000 - Premium Package $ 1,000 - Midnight Silver Paint ---------- $50,000 I plan to sit on my reservation for standard range (unless it looks like the EV tax credit would finish its "end of next q...
by HopeToGolf
Fri Jan 05, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

Today I got the opportunity to spend some time with a Model 3 and I have to say I was very impressed. I'm 6'0" with a footballers build and was very comfortable. The seats were quite a good bit more comfortable than my 2013 Tesla Model S. The fit and finish looked great, I back was very comfortable...
by HopeToGolf
Fri Jan 05, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

I just got the email to configure my model 3. I haven't decided yet whether to do it. I want the big battery but not all the premium upgrades but I am afraid to lose the federal tax credit if I wait for round 2. Great! Are you an owner of another Tesla or an employee? If neither, you could be the f...
by HopeToGolf
Fri Jan 05, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

FoolStreet wrote:
Wed Dec 27, 2017 8:37 pm
Wifey just told me she put down a reservation yesterday for me/us. I better subscribe to this thread and start researching. I figure I have at least another 12 months.
You may want to make that another 18-24 months.
by HopeToGolf
Fri Dec 29, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA with low income but high net worth
Replies: 39
Views: 2480

Re: FAFSA with low income but high net worth

There is an interesting vibe in this thread about whether someone who has considerable assets should get financial aid if they can. I know in my case, I made an assumption when my children were young that I would not qualify for any aid (other than maybe loans). Well, here I am with 2 kids in colle...
by HopeToGolf
Thu Dec 28, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6953

Re: Can I afford a $600-650k house?

8355ajs I do not think you should buy the house. Read the replies above, they offer great advice and insight. 1) If you need to play mental tricks to control spending and saving, you are not in a position to buy a house at the price in question. Things will be too tight for a COUPLE who cannot contr...
by HopeToGolf
Thu Dec 28, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 2884

Re: Turbotax Online vs. Download

I like to be able to see the forms so I stick to downloads.
by HopeToGolf
Mon Dec 25, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 35734

Re: Fidelity free Turbotax

I just checked my fidelity account. I am offered a free TurboTax this year. I am pretty sure it was not available to me last year. Not sure what the rules are. I don't have one million dollars with Fido. Not a private client, or an active trader either. Unfortunately I already bought H&R Block prem...
by HopeToGolf
Mon Dec 25, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 35734

Re: Fidelity free Turbotax

Thanks for the heads-up and early Christmas gift. Downloaded.
by HopeToGolf
Sun Dec 17, 2017 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13583

Re: Why am I still scared ? Is it actually normal ?

Thanks for all the posts, relieved to see that there are some people who have similar feelings... Upon thinking more, I wouldn't say that my source of worry/anxiety is my portfolio ( which I actually feel good about ) but more of the feeling of regrets of what could have been if I had taken better ...
by HopeToGolf
Thu Nov 30, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3369

Re: What can we learn from BitCoin’s surge?

This is not complicated. This is gambling just like investing in individual stocks (or even index funds). The only questions are do you know more than the counterparty or market and will luck be on your side. There is nothing wrong with gambling. Some bets have better odds than others. Can you affor...
by HopeToGolf
Sun Nov 26, 2017 7:13 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19165

Re: The fallacy of spending money on "experiences" vs hard assets

Eye surgeon Instead of thinking about what you’ve read as junk science, look at it as one way to view the world. I think experiences can add to happiness but so does stuff and money. I can imagine someone who grew up poor but made and saved lots of money (rather than spending a dime) deriving a grea...
by HopeToGolf
Thu Nov 23, 2017 6:35 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

Question for the OP (or anyone else contemplating a custom order), "How long are you willing to wait?" It's strange to me order a car and not have confidence as to what quarter or perhaps what year it will be delivered, and what options may or may not be available by the time it's built. Granted, I...
by HopeToGolf
Thu Nov 23, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

The model/features that would be comparable to my current ride (Model X) is $100k I care about the environment, but I am not a Hollywood celebrity. I have an ICE SUV with comparable options for which I paid $30k. $70k pays for a about 650k miles worth of fuel at today's prices. I don't see any car ...
by HopeToGolf
Sun Nov 19, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: College 529 Analysis
Replies: 19
Views: 2193

Re: College 529 Analysis

I do not do any tracking other than checking the balance and transactions a few times a year. Given my investing approach (choose a fund(s) and set it and forget it) and the fact that the investment horizon is relatively short-term in nature, I do not see upside in any sort of analysis or tracking. ...
by HopeToGolf
Sun Nov 19, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 11251

Re: 35 yr-old doc needs some wisdom

Madman Nice work over three years. My guess is after-tax you had at least $600k in cash to play with to cover your expenses and debt. You have a bit of thinking to do.....Do you want to be the baller doctor? When do you want to retire? Do you know the retirement lifestyle you covet and the savings r...
by HopeToGolf
Thu Nov 02, 2017 3:51 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

1 month delay for me as well. Now Dec 17 - Feb 18...not sure I’m buying it.
by HopeToGolf
Wed Nov 01, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37370

Re: To take or not to take delivery of Tesla 3

Unfortunately this question regarding taking delivery or not will remain open for a while.

I just got an email saying my delivery estimate will be delayed and I can check my account to see how long. :annoyed
by HopeToGolf
Sat Sep 30, 2017 4:47 am
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 7329

Re: Which is better a Cryptocurrency or Gold?

Picture a post apocalyptic world .. <insert natural disaster/war/ socio economic collapse/ chaos> ... The world is in chaos. You have been trying to find some food for your hungry child. You have been searching for days. It is so hard to find. Finally you find a person living under a bridge who has...
by HopeToGolf
Sat Sep 02, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Experience Buying Long Term Care Policy on Parent(s)?
Replies: 8
Views: 1065

Re: Experience Buying Long Term Care Policy on Parent(s)?

Thanks for the advice. I will look into all the options.
by HopeToGolf
Fri Sep 01, 2017 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Experience Buying Long Term Care Policy on Parent(s)?
Replies: 8
Views: 1065

Re: Experience Buying Long Term Care Policy on Parent(s)?

70 with no major conditions but on a few meds.
by HopeToGolf
Thu Aug 31, 2017 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Experience Buying Long Term Care Policy on Parent(s)?
Replies: 8
Views: 1065

Experience Buying Long Term Care Policy on Parent(s)?

I have a parent for whom I may need to support if she requires a nursing home or some other facility or service. She will be unable to afford a decent option on her own.

Have any of you purchased a LTC policy to cover your parents? How did you think about this and what was your experience?
by HopeToGolf
Tue Aug 22, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

Folks, This probably does not apply to most families. But, it applies to my family and it may apply to some of you. Many members of my family (my side and my wife side) have autistic children. And, in most cases, both parents worked and did not spend time with their children when they are toddlers....
by HopeToGolf
Mon Aug 21, 2017 6:35 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 13835

Re: Is it worth it? [demanding jobs vs time with family]

Folks, This probably does not apply to most families. But, it applies to my family and it may apply to some of you. Many members of my family (my side and my wife side) have autistic children. And, in most cases, both parents worked and did not spend time with their children when they are toddlers....
by HopeToGolf
Sun Jul 23, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 6435

Re: How am I doing? (dual physician household)

Spend more, give more to charity or quit work unless you both love what you do. At this point and these spending levels you are making your offspring richer (which may be OK).
by HopeToGolf
Fri Jul 14, 2017 3:33 am
Forum: Investing - Help with Personal Investments
Topic: Big change in our situation affecting our AA- how to handle?
Replies: 12
Views: 1466

Re: Big change in our situation affecting our AA- how to handle?

Without knowing how much of your assets this capital represents, for simplicity, I would call it a loan until it is paid. After the capital is paid, it looks and smells like a bond. Assuming you are well off, trying to call the initial deposit a bond and each subsequent amount paid off each year a b...
by HopeToGolf
Sun Jul 09, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 53
Views: 5281

Re: What to wear for job interview - skip the tie?

Last time I did this, I choose not to wear a tie. It worked out well. I wanted to send a message that while I was wearing a suit (without a tie), if not wearing a tie to an interview at a company where the dress was business casual was going to hurt my chances of getting the job, I was OK with that....
by HopeToGolf
Sat Jul 01, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire - Concierge Service experience
Replies: 6
Views: 2228

Re: Chase Sapphire - Concierge Service experience

I have the Sapphire Reserved card. I used the concierge twice and they were utterly useless. I'm guessing Amex Platinum is much better.
by HopeToGolf
Sun May 28, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance needed, at a crossroads in my current job.
Replies: 23
Views: 3080

Re: Guidance needed, at a crossroads in my current job.

After a year or so at a new job at a new company you are magically underpaid by 30%? It seems you took the role for a title and/or experience and you got what you negotiated. If this experience and new title have boosted your market value by 30% then go find it elsewhere. As a hiring manager I woul...
by HopeToGolf
Sun May 28, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 12506

Re: Play Money for Spouse....

Gasdoc Allowance is the answer. After a number of years my wife (spender) and I (saver) came up with agreed amounts of allowance which give each of us the freedom to spend on anything we want. We have it deducted from our paychecks and deposited to separate accounts with the remaining amount of the ...
by HopeToGolf
Fri May 26, 2017 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Guidance needed, at a crossroads in my current job.
Replies: 23
Views: 3080

Re: Guidance needed, at a crossroads in my current job.

After a year or so at a new job at a new company you are magically underpaid by 30%? It seems you took the role for a title and/or experience and you got what you negotiated. If this experience and new title have boosted your market value by 30% then go find it elsewhere. As a hiring manager I would...
by HopeToGolf
Sat May 20, 2017 3:00 am
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 4683

Re: How Much for 529 Plan

I have 2 kids, 12 and 14. Each have $100K in their 529 plans. In 4 years, the estimation for a 4 year public school in my state is $130K. Wow, which state is that. Even NY colleges cost under $10k/yr. Even state universities are under $10k, and medical schools are about $35k/yr. Am I being naive th...
by HopeToGolf
Sun May 14, 2017 4:45 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1066
Views: 260587

Re: Best watch for around $5,000?

For the folks that looked at both Rolex and Omega, how did you make your decision? Buy the one that sings to you (the one you think is beautiful). I prefer the Rolex tool watches (divers, chronographs) although the Speedmaster Pro is great looking. The dressy Omegas look good. Based on looks, I nev...
by HopeToGolf
Sun May 07, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 9184

Re: Stay home with kids?

There are options where you work part time or flexible schedules. We decided to share child rearing and career pursuits. One can argue that we suboptimized two careers but what it has allowed us to do is have careers while both participating in my child's life. I handle getting my offspring off to s...
by HopeToGolf
Thu May 04, 2017 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 23301

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

Tomservo14 Are you and your wife contributing to pensions? Given your financial situation, savings rate and, more importantly, your desire to work to a normal retirement age, buy the car. You can easily afford it. That said, an X5 does not seem like the vehicle that will scratch your itch. Only you ...
by HopeToGolf
Sat Apr 22, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Any golfers played Bandon Dunes on the Oregon coast?
Replies: 5
Views: 760

Re: Any golfers played Bandon Dunes on the Oregon coast?

Yes. A few years ago my three buddies and I went to Bandon Dunes. It was an incredible trip. We played 36 holes a day and walked each round (assume they still have this rule in place). The courses were amazing. One really cool aspect of the trip was one day we played 18 and finished the day with bee...
by HopeToGolf
Fri Apr 21, 2017 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund
Replies: 13
Views: 2073

Re: Emergency fund

Since my fund is intended for emergency spending, I do not consider it part of my portfolio. Given its size compared to the rest of my portfolio and retirement needs, any decisions about its allocation are irrelevant to my future. I dump it into a HY bank account/CDs and call it a day and hope I nev...
by HopeToGolf
Thu Apr 20, 2017 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to purchase this new house?
Replies: 13
Views: 1685

Re: Can we afford to purchase this new house?

What are your expenses?

Based on the limited information given, I imagine you can easily afford the house.
by HopeToGolf
Thu Apr 20, 2017 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 6300

Re: Can I afford private school for my kids?

Roberts111 Have you run any retirement planning scenarios using Firecalc or the like? What were the results? Without knowing the details of your expenses, on the surface I think you can afford the school. However, your savings looks a little light to me based on your age. I also suspect that you wil...
by HopeToGolf
Fri Apr 14, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 12381

Re: What constitutes "a lot" of money?

Fun and interesting question. My view....it depends. On many things; retirement aspriations, age, income, expense type, savings, etc. Example, wifey wanted to buy a surface for $799...fortunately we are at a point where it really does not matter. However, she will likely use it to surf the web and w...
by HopeToGolf
Sun Apr 09, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Two W2s from employer with only 12W (HSA) on one..does TurboTax and IRS need both?
Replies: 6
Views: 612

Re: Two W2s from employer with only 12W (HSA) on one..does TurboTax and IRS need both?

From the TurboTax FAQ How do I handle multiple W-2s from the same employer? "If the only difference is Box 12, enter all the info from the most complete W-2, then enter the different Box 12 info from the other W-2 on the same screen." Thanks much Spirit Rider...my search did not come up with that o...
by HopeToGolf
Sun Apr 09, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Two W2s from employer with only 12W (HSA) on one..does TurboTax and IRS need both?
Replies: 6
Views: 612

Two W2s from employer with only 12W (HSA) on one..does TurboTax and IRS need both?

My employer sent me two W2 forms. The usual one and an additional one with only Box 12 W data. The W data represents my HSA contribution. I entered this W2 into Turbo Tax Premium 2016. Now I can't e-file because TurboTax will not allow e-file if there is a W2 with no Box 1 data. Can I alter my origi...
by HopeToGolf
Wed Mar 29, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Another TurboTax 8606 Complaint.
Replies: 9
Views: 959

Re: Another TurboTax 8606 Complaint.

I am having problems this year as well. The questions were always worded poorly but for some reason, this year the forms are not being completed as they have been in the past. As a Megacorp guy, I am in shock at how many complaints there are on this product yet it still has customers. In my case, de...
by HopeToGolf
Wed Mar 22, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 8034

Re: How did graduating out of daycare impact your finances?

Some, if not all, the tuition was replaced by costs for camps, travel sports (fees and fuel, lunches/dinners out, etc.), after-care and other activities. As usual, raising a child can be as cheap or expensive as you want it to be. My advice is to save the money after graduation and do not plan on a ...