Search found 2014 matches

by ThankYouJack
Thu Jul 19, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for someone just starting out?
Replies: 7
Views: 346

Re: Advice for someone just starting out?

Maybe first show the power of compounding investments using something like firecalc. You could put in -$10,000 for spending and show them the outcomes over a 30 year span. That may grab their attention :) Then (although he's not well liked on here) something similar to Dave Ramsey's baby steps as it...
by ThankYouJack
Thu Jul 19, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up career growth for more time outside of work
Replies: 38
Views: 2481

Re: Giving up career growth for more time outside of work

No one wants a manager that works 20 hrs a week. The whole point to a manager is for one brain to integrate interrelated decisions. Two 20 hour managers do not equal one 40 hour manager. This is why they tend to be forced into working 50 or 60 hours. You can’t split the job very effectively without...
by ThankYouJack
Thu Jul 19, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up career growth for more time outside of work
Replies: 38
Views: 2481

Re: Giving up career growth for more time outside of work

I'm in a similar situation, but a few years older and closer to FI. I've switched to part-time work and basically given up on my career because I know I'm not going to be on my death bed wishing I spent more time in meetings or spending more time with work emails. The closer we get to FI, the bette...
by ThankYouJack
Thu Jul 19, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up career growth for more time outside of work
Replies: 38
Views: 2481

Re: Giving up career growth for more time outside of work

I'm in a similar situation, but a few years older and closer to FI. I've switched to part-time work and basically given up on my career because I know I'm not going to be on my death bed wishing I spent more time in meetings or spending more time with work emails. The closer we get to FI, the better...
by ThankYouJack
Wed Jul 18, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 104
Views: 9430

Re: Salary vs. Lifestyle

I've made the opposite choice, but only after reaching financial independence. I'm now working 40% less for 40% lower pay than I did as a full-timer. No regrets. :beer -PoF PoF (and anyone else with an opinion) - if you were starting over would you do it the same way with working hard until FI and ...
by ThankYouJack
Wed Jul 18, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 104
Views: 9430

Re: Salary vs. Lifestyle

My family has always lived frugally: always bought used vehicles, got rid of cable/land line a long time ago save approximately 40% of my take home pay, and we're not into owning "stuff". If you already save 40% of your take home pay, the higher salary won't lead to being FIRE'd that much sooner. H...
by ThankYouJack
Wed Jul 18, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Beginner Kayaks
Replies: 5
Views: 314

Re: Beginner Kayaks

Flat water, white water, or sea? If you just want something basic, cheap and light something like this could work - https://www.dickssportinggoods.com/p/pelican-trailblazer-100-nxt-kayak-17pelutrlblzr100npsk/17pelutrlblzr100npsk?camp=CSE:DSG_pg81790_ecom_PLA_452&gclid=EAIaIQobChMIipnT9bmp3AIVh56zCh1...
by ThankYouJack
Wed Jul 18, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 104
Views: 9430

Re: Salary vs. Lifestyle

I would take the lifestyle now, especially if you have already built up a significant net worth. Factor in taxes on the increased salary and run some simulations of how your portfolio will grow with the extra income. Then do the same with the lower salary and see how many extra years you would actua...
by ThankYouJack
Wed Jul 18, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 3505

Re: Buy a vacation home while renting

If I only did maintenance at my house one weekend a month, I'd be spending most of the weekend doing maintenance. Two weekends a month would be the minimum for this to make sense and even then the feeling of "having" to use the place to get your moneys worth becomes a mental trap. Everything you ow...
by ThankYouJack
Wed Jul 18, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 3505

Re: Buy a vacation home while renting

I would rent at least a half dozen times first to figure out exactly where you want to be, the type of place you'd like, how much you'd use it, etc. It's so easy to rent now with sites like vrbo.com and airbnb.
by ThankYouJack
Tue Jul 17, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Who has owned a ski boat or waverunner & did you regret it?
Replies: 29
Views: 17571

Re: Who has owned a ski boat or waverunner & did you regret it?

My question is for the person who started this thread. What did you get? If a boat, what size and how did your outback do putting it in and out? I have a subaru baja and am wondering if I can put a 19' boat in and out with it. I'm also less than 10 mins from the ramp. Am not worried about the actua...
by ThankYouJack
Mon Jul 16, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Perfecting Cold Brew Coffee
Replies: 4
Views: 472

Perfecting Cold Brew Coffee

I make quite a bit of cold brew in the summer and was wondering:

What's a good bean to water ratio?

How long do you refrigerate it?

What sort of beans and roast do you like and why? (I like a light roast and often beans from Central America)

Any other tips?
by ThankYouJack
Thu Jul 12, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Suit Alterations - chain vs local tailor
Replies: 16
Views: 1139

Re: Suit Alterations - chain vs local tailor

I just bought a suit from Jos. A Banks and was surprised the alterations came to about $75. I realize having a good fitted suit is very important but was higher than I expected and wondered if going to a local tailer would be better. What's been your experience in terms of quality and cost from the...
by ThankYouJack
Thu Jul 12, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Suit Alterations - chain vs local tailor
Replies: 16
Views: 1139

Suit Alterations - chain vs local tailor

I just bought a suit from Jos. A Banks and was surprised the alterations came to about $75. I realize having a good fitted suit is very important but was higher than I expected and wondered if going to a local tailer would be better. What's been your experience in terms of quality and cost from the ...
by ThankYouJack
Sat Jul 07, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 245
Views: 49213

The Spend More Thread

[Thread merged into here, see below. --admin LadyGeek] I'm about to splurge on a hobby and live below my means and am great financial shape to do so. But growing up finances were a concern in my house and that has lingered with me. So I figured I'd start a thread to encourage me to spend a bit more...
by ThankYouJack
Thu Jul 05, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2911

Re: Coffee Grinder recommendations

Thanks all - great info. I just started making espressos yesterday and will likely use them to make lattes or Americanos. I'm just starting out so may upgrade my VonChef stovetop but heard that a great grinder is an important first step. Anyway, I'll probably wait a couple weeks to see how many esp...
by ThankYouJack
Thu Jul 05, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2911

Re: Coffee Grinder recommendations

B) Expresso Brew is the most demanding in term of grinds. It needs to be almost powder like. If you are a discriminating espresso drinker, you are looking at $300 to $500 grinder. A cheaper way is to use the grinder from where you bought your coffee. Let them grind your coffee. only if you purchase...
by ThankYouJack
Thu Jul 05, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2911

Re: Coffee Grinder recommendations

Thanks all - great info. I just started making espressos yesterday and will likely use them to make lattes or Americanos. I'm just starting out so may upgrade my VonChef stovetop but heard that a great grinder is an important first step. Anyway, I'll probably wait a couple weeks to see how many espr...
by ThankYouJack
Thu Jul 05, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2911

Coffee Grinder recommendations

I make quite a bit of cold brew and some espressos with a stovetop unit. I have a basic button push grinder but it's tough to get an even grind - https://www.amazon.com/KRUPS-Electric-Grinder-Stainless-3-Ounce/dp/B00004SPEU/ref=sr_1_5?s=kitchen&ie=UTF8&qid=1530822050&sr=1-5&keywords=coffee+grinder T...
by ThankYouJack
Wed Jul 04, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7800

Re: Tipping at non sit down places

I have young kids so if the staff busses the tables and cleans the floor after I usually tip somewhat generously. I never tip for pick up or sometimes just$1 if I'm eating there. Should people tip depending on their length of stay? For some reason buying a $3 coffee and then making the place an offi...
by ThankYouJack
Tue Jul 03, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why the big jump in Nanny Taxes and year end filing
Replies: 4
Views: 730

Re: Why the big jump in Nanny Taxes and year end filing

File Schedule H with your personal return. Provide a W-2 to your employee by January 31 and W-3 to the SSA by the same date. Also, you have unemployment taxes (federal and state). Depending on where you live, you may also need to have workers' comp and/or disability coverage. Perfect thanks. I'm gu...
by ThankYouJack
Tue Jul 03, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Anniversary trip for young active family (Southeast Coast)
Replies: 8
Views: 608

Re: Anniversary trip for young active family (Southeast Coast)

AerialP wrote:
Mon Jul 02, 2018 6:06 pm
Fernandina Beach / Amelia Island comes chiefly to my mind.
Thanks - will look into it!
by ThankYouJack
Mon Jul 02, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why the big jump in Nanny Taxes and year end filing
Replies: 4
Views: 730

Re: Why the big jump in Nanny Taxes and year end filing

We have a part-time nanny that we pay about $200 / week, some weeks less, some weeks more. We use Intuit Payroll and have pay about $70 in federal taxes for the last few months. But this month it says we owe $250 in taxes. Granted she worked more and had 3 paydays in June, but is this common? I'll ...
by ThankYouJack
Mon Jul 02, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why the big jump in Nanny Taxes and year end filing
Replies: 4
Views: 730

Why the big jump in Nanny Taxes and year end filing

We have a part-time nanny that we pay about $200 / week, some weeks less, some weeks more. We use Intuit Payroll and have pay about $70 in federal taxes for the last few months. But this month it says we owe $250 in taxes. Granted she worked more and had 3 paydays in June, but is this common? I'll p...
by ThankYouJack
Mon Jul 02, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Anniversary trip for young active family (Southeast Coast)
Replies: 8
Views: 608

Anniversary trip for young active family (Southeast Coast)

My wife and I have a milestone anniversary coming up and are thinking about a beach trip to the southeast coast. We would take our young kids but could get help watching them for some of it and it would be fun to rent a boat, jet ski, SUP / kayak, go out to a nice dinner. So a combination of adventu...
by ThankYouJack
Mon Jun 25, 2018 9:19 pm
Forum: Personal Consumer Issues
Topic: Used vs New - always buy new once you get to a certain point?
Replies: 31
Views: 2974

Re: Used vs New - always buy new once you get to a certain point?

I've often been a bargain hunter and good negotiator so have had great success buying used (cars, boats, etc). But we live way below our means, are close enough to FI, and can manage the depreciation hit, so starting to feel more like it's worth buying new for most things, maybe even everything. I ...
by ThankYouJack
Mon Jun 25, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Used vs New - always buy new once you get to a certain point?
Replies: 31
Views: 2974

Used vs New - always buy new once you get to a certain point?

I've often been a bargain hunter and good negotiator so have had great success buying used (cars, boats, etc). But we live way below our means, are close enough to FI, and can manage the depreciation hit, so starting to feel more like it's worth buying new for most things, maybe even everything. I k...
by ThankYouJack
Wed Jun 20, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How are LTCG taxed on Form 1040?
Replies: 4
Views: 396

Re: How are LTCG taxed on Form 1040?

Great, thanks all.
by ThankYouJack
Wed Jun 20, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How are LTCG taxed on Form 1040?
Replies: 4
Views: 396

How are LTCG taxed on Form 1040?

Looking at the 1040, I see line 13 - Capital gain or (loss). Attach Schedule D if required.

And that is directly added to line 22 - Total Income

However since long term capital gains are taxed at a different rate than ordinary income, where is this factored in?
by ThankYouJack
Wed Jun 20, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: How to Amend a 2016 tax return?
Replies: 8
Views: 477

Re: How to Amend a 2016 tax return?

Thanks all. To clarify, I had an overall capital tax gain for the year, but adding in the one loss will help reduce it.
by ThankYouJack
Tue Jun 19, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Anyone FIRE with young kids - what did you do?
Replies: 8
Views: 1820

Re: Anyone FIRE with young kids - what did you do?

We kinda blew it. IMO anyway. Our kids were both in middle-school when my wife and I retired. I told her we should make sure not to waste this opportunity. We could literally sell the house, buy a sailboat and homeschool the kids off the coast of China if we wanted. Not that we had to do anything t...
by ThankYouJack
Tue Jun 19, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Anyone FIRE with young kids - what did you do?
Replies: 8
Views: 1820

Anyone FIRE with young kids - what did you do?

We're getting close to FIRE but will probably work for a while longer at least part-time to cover health care, college, help support our parents. But I'm curious to hear from others with good fortune and FIRE'd with young kids - what were your top experiences, memories, trips, etc? How did you take ...
by ThankYouJack
Tue Jun 19, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to Amend a 2016 tax return?
Replies: 8
Views: 477

Re: How to Amend a 2016 tax return?

Ok that makes sense. I originally didn't see my 2016 return listed on my tax software but after some searching, I do now. Thanks all.
by ThankYouJack
Tue Jun 19, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to Amend a 2016 tax return?
Replies: 8
Views: 477

How to Amend a 2016 tax return?

I just realized that I didn't report a ~$2,400 short term loss on my 2016 tax return. What's the easiest/best way to amend the return?
by ThankYouJack
Sun Jun 17, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 102209

Re: Anyone regret paying off mortgage early?

No regrets either. It's a better feeling than I anticipated and comfort knowing we can drop expenses way down if needed.

A similar question would be do you regret holding bonds. I'm guessing most Bogleheads don't even though stocks have been on a tear for almost the last decade.
by ThankYouJack
Sat Jun 16, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Subaru EyeSight windshield insurance
Replies: 14
Views: 1629

Re: Subaru EyeSight windshield insurance

I had my '15 replaced. Was $500 or $600 and Subaru later covered the cost. Can't complain there. There were a batch of windshields that were bad so check with Subaru if yours cracks.
by ThankYouJack
Fri Jun 15, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Confused with Cost basis for Company Stock in a Share Value Plan
Replies: 1
Views: 189

Confused with Cost basis for Company Stock in a Share Value Plan

I need to submit Form 8949 to the IRS and am confused about the basis for company stock that was received through a share value plan. The broker shows a Transfer In date and number of shares. Is the basis based on this (number of shares x stock price) or is the basis $0? The following day it shows t...
by ThankYouJack
Fri Jun 15, 2018 6:57 pm
Forum: Personal Consumer Issues
Topic: Too much house vs. just enough
Replies: 38
Views: 3523

Re: Too much house vs. just enough

OP, do you plan to host a lot? Like have people over for holidays or big parties for the kids?

If so, living space (kitchen, dining area, living room, etc) should also be factored into the equation.
by ThankYouJack
Fri Jun 15, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 8
Views: 621

Re: How to find a good CPA?

Thanks all. I'll write back first.
by ThankYouJack
Fri Jun 15, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 8
Views: 621

Re: How to find a good CPA?

I tried calling and was put on hold for over a half hour so hung up. I can respond in writing, but will have to wait a while to get a response. The form (CP2000) lists securities that I sold through Vanguard and considers that taxable income. I understand that the cost basis is taxable (there are no...
by ThankYouJack
Fri Jun 15, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 8
Views: 621

How to find a good CPA?

I received a notice from the IRS for discrepant income from securities. One of my brokers submitted the 1099B twice to the IRS so that is part of the problem. But the way the IRS lists out the differences in securities and treats it as income is confusing. So I'm looking for a good CPA to help sort ...
by ThankYouJack
Thu Jun 14, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Documentaries to recommend?
Replies: 158
Views: 25134

Re: Documentaries to recommend?


Betting On Zero
(Netflix) - follows Bill Ackman who shorts Herbalife - a Boglehead must watch :)

Expedition Happiness (Netflix)
by ThankYouJack
Thu Jun 14, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9731

Re: At what point to buy new car for safety

Never. I'd prefer to drive a model-t over one of the piece of crap electronic riddled cars of this generation. Good luck surviving an accident in your Model T, when getting hit by one of the "this generation" cars you reference. God, you're so right. It's amazing that I've made it 30-something year...
by ThankYouJack
Thu Jun 14, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9731

Re: At what point to buy new car for safety

Never. I'd prefer to drive a model-t over one of the piece of crap electronic riddled cars of this generation. I think not all but some of the tech is neat and definitely helpful. Didn't a bunch of people feel seat belts and air bags made cars more dangerous when they first came out? Maybe some sti...
by ThankYouJack
Thu Jun 14, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Cheap, fuel efficient 2nd car commuting?
Replies: 17
Views: 1495

Re: Cheap, fuel efficient 2nd car commuting?

I would probably sell the truck and get a nice light SUV that is decent on gas. Or sell the truck, get a new commuter and used truck. I wouldn't want to go cheap on a car I'm going to be driving 30k miles a year while having a new truck sit in my driveway.
by ThankYouJack
Thu Jun 14, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9731

Re: At what point to buy new car for safety

Never. I'd prefer to drive a model-t over one of the piece of crap electronic riddled cars of this generation. I think not all but some of the tech is neat and definitely helpful. Didn't a bunch of people feel seat belts and air bags made cars more dangerous when they first came out? Maybe some sti...
by ThankYouJack
Wed Jun 13, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 2543

Re: How much to invest in elementary education?

have you looked into charter schools? I constantly see free charter schools that out perform the local public schools. Also I dont know if they still have it but when I was a kid there was also a GATE program atleast in California that was for advanced kids. My school didnt have its own GATE progra...
by ThankYouJack
Tue Jun 12, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9731

Re: At what point to buy new car for safety

My old car has ESC so not much gain there. I haven't heard of active headrests. My newer car has auto-braking which I love, especially using adaptive cruise control. Blind spot monitoring, especially backing up is nice too. May I ask what model is this? We are looking for family cars as well and to...
by ThankYouJack
Tue Jun 12, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 3581

Re: Light Camping Trailer

Be warned that the 3000 pound towing capacity may or may not be a meaningful number. You really need to look at the maximum allowable load on the hitch and the maximum allowable load on each axle of the car. You should put a minimum of 10% of the trailer weight on the hitch. (15% is better). That m...
by ThankYouJack
Mon Jun 11, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: How and what age to start piano lessons?
Replies: 13
Views: 1220

How and what age to start piano lessons?

My 5 year said today she's interested in taking piano lessons. Not sure if she'll keep the interest, but she enjoys music so I figure we'll go with it. Any recommendations in terms of lessons (online vs in-person), equipment (certain keyboards), books, etc and how to keep a young child interested lo...