Search found 188 matches

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: 709

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: 1643

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 ...
by chipperd
Sat Jun 10, 2017 3:46 am
Forum: Personal Consumer Issues
Topic: Babson College
Replies: 30
Views: 2286

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: 5610

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: 1861

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: 78
Views: 6983

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: 5610

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: 45
Views: 3939

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: 5610

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: 5610

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: 5610

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: 5610

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: 5541

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: 4544

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: 49
Views: 1673

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: 49
Views: 1673

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: 9757

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: 2713

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: 6904

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: 26695

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: 26695

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 ...
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: 6434

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...
by chipperd
Mon Jan 16, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 3042

Re: How am I doin?

navyitaly wrote:Nice humblebrag....you make mid 6 figures, you know the national average is like $40k or something, why would you need to ask people on this site how you are doing?

+1
by chipperd
Mon Jan 16, 2017 5:12 am
Forum: Investing - Theory, News & General
Topic: 457 contribution influence or treated separate from SEP/ROTH?
Replies: 2
Views: 309

457 contribution influence or treated separate from SEP/ROTH?

Hello all, I am employed, just this past school year, by a local school district as a W-2 employee without a teacher pension (not in the union). I do qualify to participate in this school district's 457 plan and max out my contributions with this employer (age 50 this year; using the catch-up provis...
by chipperd
Sun Jan 08, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 4667

Re: Anybody else Age - 10 in bonds, rest in stocks

Just about:
Age 49
58%stocks
37%bonds
5%cash
by chipperd
Mon Jan 02, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 7220

Re: My niece got accepted to Georgetown and we may have to pay for it.

Add me to the list of the need for a tough conversation around affordability of a four-year degree. That said, to answer your question, any funds that are withdrawn from a 529 plan and used for an education, show up on the following year's college financial aid application as student income, which h...
by chipperd
Mon Jan 02, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: Analyzing schools for an advanced child
Replies: 65
Views: 4625

Re: Analyzing schools for an advanced child

Since schools, like any other bureaucratic institution, are developed by humans, they are fallible. As many have already noted, the quality of any service (education in this case) depends upon the individual (teacher) delivering that service. I have worked in schools for 25 years and have three teen...
by chipperd
Mon Jan 02, 2017 5:06 am
Forum: Personal Consumer Issues
Topic: Resources for a child gifted in math
Replies: 34
Views: 2094

Re: Resources for a child gifted in math

I am a parent of 3 teens, with 2 being labeled by the school district as "gifted and talented" in the math area (junior in high school and 8th grader). I would encourage you to meet with your school district once he/she is 7years old and have a formal evaluation (I.Q. test) performed. This...
by chipperd
Mon Jan 02, 2017 4:56 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

Thanks again to all for your posts. I really appreciate you all sharing your thoughts and experiences, very enlightening for me to read.
Keep em coming
Thanks again
Chipperd
by chipperd
Fri Dec 30, 2016 4:58 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

Again, great info all and thanks Mel for the reference and contact idea. Will keep on researching for now.
by chipperd
Thu Dec 29, 2016 9:23 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

I didn't get them from any site. Rather, these are my own observations based on actual experience. You may want to try some expat forums for a specific country. For example, here is a good expat forum for Costa Rica http://www.expatexchange.com/ctryguide/4096/33/Costa-Rica/Expat-Costa-Rica-10-Tips-...
by chipperd
Thu Dec 29, 2016 7:06 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

I am frankly surprised, given the Boglehead mentality of getting more for your dollar, that more Bogleheads don't live in that part of the world. Well, there are many things to consider and cost of living is only a very small part of it. Those who are successful in retiring overseas tend to have so...
by chipperd
Wed Dec 28, 2016 5:26 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

I spend half of most years in Panama, on the Pacific side. I love it there. Strong economy, modern amenities, rule of law, welcoming to foreigners, diverse, beautiful You can have a comfortable middle-class lifestyle for substantially less than in the US (30-40% less) Medical care is excellent and ...
by chipperd
Tue Dec 27, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

Thanks to all for the interesting and informative responses. Wife and I were thinking of renting a couple months here or there in various places around the world, and central America kept popping up, so thought I would ask. The boat idea is one we have also considered instead of or in addition to th...
by chipperd
Mon Dec 26, 2016 7:52 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 316
Views: 33647

Re: Flaunt Your High-Mileage Car

2005 Toyota Sienna CE
230,000 miles
Kid schlepper bought used in 2008 with 45k on it
We keep it up, but only what our trusted mechanic says it needs.
Highly recommend that Toyota V6 and accompanying transmission
Chipperd
by chipperd
Mon Dec 26, 2016 7:50 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4955

anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

Hello,
Looking at retirement ideas that are cost effective with sun and ocean. Central America seems to get a lot of good press. Wondering if any Bogleheads are currently living either part or full time in that area of the world and their experiences, pros and cons?
Thanks!
by chipperd
Mon Dec 26, 2016 7:47 am
Forum: Investing - Theory, News & General
Topic: Wife's new 3121 plan. What the?
Replies: 5
Views: 1276

Re: Wife's new 3121 plan. What the?

Thanks for the thoughts. In Ct if you work for the school, you are a board of ed employee, whereas my wife works for a town and is a part-time town employee. I just figured there must be some way to look up the Mid-America annuity to find out costs and return rates. Thoughts along those lines?
by chipperd
Mon Dec 26, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: Wife's new 3121 plan. What the?
Replies: 5
Views: 1276

Re: Wife's new 3121 plan. What the?

mouses wrote:The town HR department, assuming there is one, should have information about this. If not, I would try contacting the town finance person. Your wife should have been given an HR packet when she was hired.

Yup.
by chipperd
Sun Dec 25, 2016 6:39 am
Forum: Investing - Theory, News & General
Topic: Wife's new 3121 plan. What the?
Replies: 5
Views: 1276

Wife's new 3121 plan. What the?

Hello all, My wife started a new part time job with a town as an employee. I noticed in on her paystub that she is getting a small amount taken out of her pay, seems like pre-tax, that goes into a 3121 plan. Doing a little research it seems these funds are deposited into a 3121 account with Mid-Amer...
by chipperd
Sun Dec 25, 2016 6:25 am
Forum: Investing - Help with Personal Investments
Topic: adding Real Estate Index Fund to lazy three portfolio?
Replies: 5
Views: 883

Re: adding Real Estate Index Fund to lazy three portfolio?

I agree that expense ratio is high. Maybe hold in your Roth the VGSIX with expense ratio of 26 basis points until you reach Admiral level (10k) and then can lower your expense to 12 basis points.
by chipperd
Sun Dec 18, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: Flying with Norwegian
Replies: 24
Views: 2453

Re: Flying with Norwegian

Myself, wife and three teens flew from JFK to Oslo stayed a couple days and then Oslo to Vienna to start our month long European tour this past summer. No complaints at all. Loved the new, clean Dreamliner and had great entertainment. Like a Cadillac in the sky. Food was pedestrian.
by chipperd
Sun Dec 18, 2016 6:35 am
Forum: Investing - Help with Personal Investments
Topic: anyone else moving into bond funds
Replies: 30
Views: 3778

Re: anyone else moving into bond funds

Thanks again to all for the input. Seeing as I'm turning 50 in a few months and was at 54% equities, 31% bonds, 13% REIT and 4% fixed, I have been making small changes until the last couple weeks when I stepped it up to move equity funds to bonds so that now I am at 45% equities/38% bonds, 13% REIT ...
by chipperd
Sat Dec 17, 2016 7:34 am
Forum: Investing - Help with Personal Investments
Topic: anyone else moving into bond funds
Replies: 30
Views: 3778

Re: anyone else moving into bond funds

Thanks for all the input. Can someone explain the phrase "Age in bonds?". Does that mean if I am 50 years old (I am) that if I "Age in bonds" my overall portfolio consists of 50% bonds?
Thanks again,
chipperd
by chipperd
Thu Dec 15, 2016 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: anyone else moving into bond funds
Replies: 30
Views: 3778

anyone else moving into bond funds

Hello all, Over the past couple weeks I have been taking some off the table from stock funds and moving that into total bond fund. All told about 7-10% shift. Anyone else doing this or have thoughts on this. Doing a bit more than "rebalancing". BTW, where is the line between timing and reb...
by chipperd
Tue Nov 22, 2016 5:21 pm
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 4700

Re: which engineering major for renewables

Another update. Thought WPI, with it's one project per year and 4 seven week terms with three classes per term was a fantastic approach and a good fit for my kid. Pricey and tough to get in (3.86 avg admission GPA), but hope he agrees with this one.
Thanks again all
Chipperd
by chipperd
Sat Nov 12, 2016 1:45 pm
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 4700

Re: which engineering major for renewables

I really appreciate all who take the time to give such thoughtful responses and I enjoy reading the back and forth. I find that very educational.
Thanks again. Going to tour WPI next weekend.
Chipperd
by chipperd
Tue Nov 01, 2016 4:52 am
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 4700

Re: which engineering major for renewables

I knew I could count on the Bogleheads and you all gave me great input and information to consider and share with my son. Thanks so much for taking the time to share your thoughts and experiences!
Chipperd

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