Search found 213 matches

by chipperd
Mon Oct 23, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC tax deduction for non-home purchase?
Replies: 1
Views: 137

Re: HELOC tax deduction for non-home purchase?

From : https://www.nolo.com/legal-encyclopedia/home-equity-loan-basics-30021.html Tax Benefits to Home Equity Loans and HELOCs A final benefit to using a home equity loan or HELOC to improve (or even purchase) your home is that the interest is tax deductible, just as it is on a primary mortgage, up ...
by chipperd
Wed Sep 27, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones (again)
Replies: 28
Views: 2345

Re: Edward Jones (again)

Edward Jones' ability to think up ways to screw you exceeds your ability to imagine ways they can screw you. There may not be a "shortage" of questions on Edward Jones but there is only one question that matters, should you use Edward Jones? The answer is NO. In addition, you basically said they al...
by chipperd
Fri Sep 22, 2017 3:56 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24303

Re: I won the Lottery. Need sound advice.

As someone mentioned earlier, the "two chicks" quote was definitely a reference to Office Space. It sounds like some of you need to drop whatever you're doing and watch it. Probably not going to happen. Checking IMDB reveals "A comedy from Mike Judge, creator of "Beavis and Butt-head" and co-creato...
by chipperd
Sat Sep 16, 2017 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Pension - 5 Year Certain and Life ?
Replies: 14
Views: 985

Re: Pension - 5 Year Certain and Life ?

We just went through this process when my wife chose to retire from her hazard duty position. When we ran the numbers, give our situation/ages, the 100% spousal/survivor option, from a mathematical and emotional perspective, was the clear winner I would urge you to run the numbers carefully. Best o...
by chipperd
Sat Sep 16, 2017 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Pension - 5 Year Certain and Life ?
Replies: 14
Views: 985

Re: Pension - 5 Year Certain and Life ?

We just went through this process when my wife chose to retire from her hazard duty position. When we ran the numbers, give our situation/ages, the 100% spousal/survivor option, from a mathematical and emotional perspective, was the clear winner I would urge you to run the numbers carefully. Best o...
by chipperd
Fri Sep 15, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pension - 5 Year Certain and Life ?
Replies: 14
Views: 985

Re: Pension - 5 Year Certain and Life ?

We just went through this process when my wife chose to retire from her hazard duty position. When we ran the numbers, give our situation/ages, the 100% spousal/survivor option, from a mathematical and emotional perspective, was the clear winner I would urge you to run the numbers carefully. Best of...
by chipperd
Tue Sep 05, 2017 5:04 am
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3680

Re: Things to buy/repair before (early) retirement

We are in a similar situation as the OP although I will be late 50's in about 7 years. We are considering selling our current home and downsizing into another smaller home down south and a second home up north. I have been told it might be wise to do these home purchases while still working as we ar...
by chipperd
Sat Sep 02, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7369

Re: How much sooner could you retire with NO property taxes?

I think some are seriously missing point of this thread. Being as I was the one who posed the question, it was just hypothetical people, my goodness. And no, taxes aren't taxes. I completely disagree. Multiple good people here have posted sites where you can research differences among states and oh...
by chipperd
Sat Sep 02, 2017 4:25 am
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7369

Re: How much sooner could you retire with NO property taxes?

I think some are seriously missing point of this thread. Being as I was the one who posed the question, it was just hypothetical people, my goodness. And no, taxes aren't taxes. I completely disagree. Multiple good people here have posted sites where you can research differences among states and oh...
by chipperd
Thu Aug 31, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7369

Re: How much sooner could you retire with NO property taxes?

Short answer, we would all probably retire a lot later without property taxes. Think about what you get: free public schools, free fire and police protection, free travel on roads daily to your job to earn $ so you can retire someday. You get the point. I happily pay over 10k/year in property taxes...
by chipperd
Wed Aug 30, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7369

Re: How much sooner could you retire with NO property taxes?

Short answer, we would all probably retire a lot later without property taxes. Think about what you get: free public schools, free fire and police protection, free travel on roads daily to your job to earn $ so you can retire someday. You get the point. I happily pay over 10k/year in property taxes ...
by chipperd
Sat Aug 26, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6731

Re: Sigh...I'm ready for criticism...how am I doing?

+1 (or is it +5?). Sell the first house immediately. Do not rent.
by chipperd
Tue Aug 08, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4352

Re: College and Paying for it

It seems that my wife and I are in a similar situation to the OP, although I suspect our income is lower. We have three teens who will be a senior, junior and freshman in high school this coming school year. We told all of them we will pay about 20-22k/year for their undergraduate degrees. They need...
by chipperd
Fri Aug 04, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Garage ceiling bike storage
Replies: 21
Views: 1365

Re: Garage ceiling bike storage

As others may have mentioned, we just use those cheap, rubberized hooks/hangers from home depot. Works just fine for us.
I have a pic I'd like to post but can't figure out how. Sorry.
Chipperd
by chipperd
Wed Aug 02, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24401

Re: How much money do you need to retire?

Age 50, wife 47, Just met with financial planner friend (who is brutally honest) and to meet our expectations, we need and will have 750k by age 58. Wife's hazard duty pension already being collected (and no I'm not the hazard :D ).
by chipperd
Tue Aug 01, 2017 5:43 am
Forum: Personal Consumer Issues
Topic: Florence Hotels.......
Replies: 25
Views: 1517

Re: Florence Hotels.......

We, (family of two adults and three teens) were in Florence last July and stayed at a fantastic Airbnb. Third floor if memory serves and I would estimate about 1200 square foot apartment. Three bedrooms, full bath, and full kitchen. Great cable t.v. service and wifi. The owner has a pottery shop on ...
by chipperd
Mon Jul 24, 2017 6:10 am
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4873

Re: How much electricity are you using and how expensive it is?

For comparison purposes: We live in a 3129 square foot colonial in CT built in 1998 with home heating oil hot water and on a well (not sure if that matters(. There are 9.5-foot ceilings on the lower level 8.5 on the upper level, full attic, central air, and an above ground pool. During this billing ...
by chipperd
Tue Jul 18, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

From what I'm reading, lots of folks have strong feelings about the weather and its potential impact. For us, as I think I mentioned, we would be planning on being typical snowbirds for the first phase of our post work lives, spending summers back up north for probably 5 months or so a year. When we...
by chipperd
Sun Jul 16, 2017 4:26 am
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

If you are seeking a compromise to something not as large as the Villages (and hot as Florida) I'd suggest you look at our community near Clemson, SC. We moved here from the cold north in upstate NY as we too wanted to escape the winters. We also wanted a college town near us, and good health care ...
by chipperd
Sun Jul 16, 2017 4:19 am
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

If you are seeking a compromise to something not as large as the Villages (and hot as Florida) I'd suggest you look at our community near Clemson, SC. We moved here from the cold north in upstate NY as we too wanted to escape the winters. We also wanted a college town near us, and good health care ...
by chipperd
Sat Jul 15, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

Thanks again for all the thoughtful input. Our family does visit the Tampa area every year in mid-April during our kid' school vacations for the past 12 years or so and love it there (Madeira Beach). That area would be my first choice to explore, so will check out those specific recs in that area. T...
by chipperd
Thu Jul 13, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

Thanks for all the input and responses. Lots to consider.
by chipperd
Tue Jul 11, 2017 5:34 am
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

Thanks again for the info to all. I know that I mentioned the Villages, but only as an example, not one I am wedded to, and that seems to have thrown this in a different direction than I was hoping. Not really looking for a continuum of care place, more of an active adult community that can have mix...
by chipperd
Mon Jul 10, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

Re: anyone retire and move to a planned community in FL?

Thanks for the replies thus far. Looking forward to hearing any downsides as well if anyone knows of any other than mentioned.
Thanks again,
Chipperd
by chipperd
Mon Jul 10, 2017 5:39 am
Forum: Personal Consumer Issues
Topic: anyone retire and move to a planned community in FL?
Replies: 48
Views: 6776

anyone retire and move to a planned community in FL?

Hello all, The wife and I have been exploring retirement options. Looking for the pros/cons of living in an active retirement community (akin to The Villages). We enjoy outdoor activities (hiking, biking, tennis) and being social on occasion, but tired of the cold winters and hcol/taxes in the north...
by chipperd
Tue Jun 27, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Things to consider when going from employee to independent contractor
Replies: 13
Views: 1010

Re: Things to consider when going from employee to independent contractor

I went from an IC to a W2 position even tho my wife carries the health insurance for many of the reasons stated above. Since my employer just took my hourly IC rate and turned that into an hourly W2 rate (what were they thinking?), I have a direct apples to apples comparison since our gross income r...
by chipperd
Mon Jun 12, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement planning when future income needs are met by pensions/social security.
Replies: 16
Views: 1986

Re: Early retirement planning when future income needs are met by pensions/social security.

We aren't in exactly the same situation but close. My wife just "retired" (she works part time in another career) at age 47 from her hazard duty job and started her pension with COLA, and 100% spousal benefits at age 47. We met with a friend who is a retirement planner. he determined that for us to ...
by chipperd
Sat Jun 10, 2017 3:46 am
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 2719

Re: Babson College

One of the top rated business schools in the north east, excellent brand recondition, with strong ties to the business community. If he is interested in Babson, he should also look at Bentley and Bryant, they tend to get grouped together frequently. Babson i've heard of, Bentley and Bryant? not so ...
by chipperd
Sun Jun 04, 2017 4:56 am
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

Re: anyone ever live/living on a boat?

Thanks for all the time and effort regarding the thoughtful responses. I was raised to think that an idea is only valid if it can be backed up and stand the test of a debate, so I really appreciate the back and forth. Met with a trusted friend who is a financial planner who validated our plan from a...
by chipperd
Sun Jun 04, 2017 4:45 am
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 2162

Re: Do I need umbrella insurance?

In brief, absolutely you should have umbrella insurance. So cheap and covers all those unexpected issues in our ever increasing litigious society.
by chipperd
Sun Jun 04, 2017 4:43 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 8810

Re: Teachers: what are your best personal finance tips?

I'm an elementary school teacher in the Bay Area. My wife works 30 hours a week for a small business. We're both 42. I earn $100k per year and she earns about $45k. This is middle class as I teach in Silicon Valley and the median home price around these parts is in the seven figures. We've got abou...
by chipperd
Mon May 29, 2017 5:47 am
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

Re: anyone ever live/living on a boat?

You are way over estimating how big a 50 foot boat is and how easy it works for more than 2 people. That size boat is fine for 1-2 people but no more. Yes setting on the boat back deck watching the sunset is great. So is going out fishing or over to Catalina or some other island for a few days. So ...
by chipperd
Sun May 28, 2017 6:08 am
Forum: Personal Consumer Issues
Topic: Septic Pumping - Did I get ripped off?
Replies: 50
Views: 5193

Re: Septic Pumping - Did I get ripped off?

In CT. $305 for one tank (1500 gal) including digging.
Seems like a fair price, but crappy way to invoice you
by chipperd
Sat May 27, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

Re: anyone ever live/living on a boat?

Thanks all for the very thoughtful and in depth replies. They are all appreciated and continue to stimulate conversation between me and the wife. A couple folks along the way noted my experience and while I only reported on the boating the 5 of us have done together, I actually spent weekends/summer...
by chipperd
Wed May 24, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

Re: anyone ever live/living on a boat?

Thanks all for your input and thoughts. Some have brought up maintenance and expenses as higher than the 20k per year I mentioned and that the boat itself may cost more up front. I have much respect for those who have done what we are thinking of and of course, your experiences are valid. That said...
by chipperd
Wed May 24, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

Re: anyone ever live/living on a boat?

Thanks all for your input and thoughts. Some have brought up maintenance and expenses as higher than the 20k per year I mentioned and that the boat itself may cost more up front. I have much respect for those who have done what we are thinking of and of course, your experiences are valid. That said ...
by chipperd
Wed May 24, 2017 3:34 am
Forum: Personal Consumer Issues
Topic: anyone ever live/living on a boat?
Replies: 46
Views: 6267

anyone ever live/living on a boat?

Hello all, Over the years myself, wife and three kids (currently all teens) have really benefitted from the collective wisdom of the Bogleheads and hoping you all can give me your thoughts on a topic the wife and I are considering for the early part of our retirement. Looking to retire in about 8 ye...
by chipperd
Wed Apr 26, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5927

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Since a 3% mortgage is probably around 2.25% after the deduction, I would never pay that sucker off.
by chipperd
Mon Apr 03, 2017 4:02 am
Forum: Investing - Theory, News & General
Topic: Peer-to-peer lending as an investment?
Replies: 52
Views: 5103

Re: Peer-to-peer lending as an investment?

I really like Lending Club, but as an investment in my kids education, not to make money. I put in $500 and my kids each kicked in $50. I have them research the loans and decide where our money should be invested when they were about 13 and 12 respectively. Now 5 years on, they seem to really enjoy ...
by chipperd
Fri Mar 24, 2017 4:48 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 3696

Re: can't logon to vanguard account

Ok. thanks feel a bit better about this then
Chipperd
by chipperd
Fri Mar 24, 2017 4:23 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 3696

can't logon to vanguard account [Website Down]

Hello all,
Wondering if anyone else can't logon to their vanguard account? Maybe b/c it's fairly early (5:20am eastern) and they are performing maint?
Thanks
Chipperd
by chipperd
Tue Feb 28, 2017 5:22 am
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 119
Views: 10751

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

Trains were a huge benefit to us and reasonably priced. If you can plan out your trip a month or so in advance, you can buy train tickets online and save a fair amount. We took the high speed from Rome to Naples in just over an hour. Same from Florence to Rome. Also took it from Venice to Florence. ...
by chipperd
Sun Feb 05, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for teen
Replies: 26
Views: 3033

Re: Roth IRA for teen

My son, at 13, was a soccer ref for a few years. Opened a custodial roth for him at Schwab ($100 minimum). He did the research on the funds and picked the total stock market index (ER: .09).
Good luck
Chipperd
by chipperd
Wed Jan 25, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 7397

Re: Need a good commuter car fairly soon

I bought a 2012 Camry 4cyl in 2015 with 32k miles for $12k after test driving the same year Accord. Hated how tinny the accord seemed; Camry seemed much more solid, but that's a driver feel issue. After two years I can say I love this car. Reliable, drive 25k per year and get 33mpg all over, lots of...
by chipperd
Sat Jan 21, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 28398

Re: How much is your cell phone bill?

We are now down to about $200 for a family plan for 5. We've all paid off our phones so this is the rate for data, text, minutes, and taxes/fees. We get about 18 gb per month, shared, plus carryover. We never even come close to going over. Unlimited minutes and text. I'm happy with the overall valu...
by chipperd
Thu Jan 19, 2017 5:35 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 28398

Re: How much is your cell phone bill?

$100/month including all taxes and fees for 5 lines (smart phones) with 2.5gb data each. This is with Cricket so At and T network with no contract. Same service level for us as Verizon. No sharing which works for my wife and I with three teens . If you use up your 2.5 gb data allowance, they just sl...
by chipperd
Mon Jan 16, 2017 6:07 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 6873

Re: What monetary value has your education provided you?

I agree with those who have stated that while this is an interesting question to ponder, really difficult to objectify an answer as one couldn't simultaneously know their current income and history while also knowing what their current income and history would have been. Anyone see "Back to the...