Search found 239 matches

by davidsorensen32
Thu Oct 12, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5806

Re: How young is too young to retire.

So 4147500 / 130000 = 32 years !! That royally sucks So if my lifetime earnings have been 35 * 12 * 9875 = $4,147,500 packed in 15 years then I’m going to get the maximum SSN assuming I collect at 70 ? https://www.ssa.gov/pubs/EN-05-10070.pdf You calculate your average monthly earnings from the 35 y...
by davidsorensen32
Thu Oct 12, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16814

Re: What should the savings be for an average professional

Without a pension and health care coverage - which your tenured professors have - you’ll need far more than $2M Average rule of thumb that my mentor told me when I was starting my career: Target for $1M by 40. That's savings+investment gains. For someone starting their career now I'd say $2M by 40. ...
by davidsorensen32
Thu Oct 12, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5806

Re: How young is too young to retire.

So if my lifetime earnings have been 35 * 12 * 9875 = $4,147,500 packed in 15 years then I’m going to get the maximum SSN assuming I collect at 70 ? https://www.ssa.gov/pubs/EN-05-10070.pdf You calculate your average monthly earnings from the 35 years with the highest annual earnings (indexed for in...
by davidsorensen32
Thu Aug 31, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 157
Views: 41205

Re: Time to reach 1M and 2M milestones

12 years to reach $1M +5 years to reach $2M Hi all, For those folks who are in the two comma club, I am wondering if you could chime in with how long it took you to reach 1M and 2M milestones. They say the first $1M is the hardest. Is that really true? If so, time to go from $1M to $2M should be muc...
by davidsorensen32
Wed Aug 30, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16814

Re: What should the savings be for an average professional

Until I got laid off recently, my CAGR was about 9% per annum over 17 years. I changed jobs a bunch of times - partly due to compulsion and partly because of better pay. Never hit a jackpot. No startup gold either. Just plain old grind. 60-80 hour weeks, crazy travel, missed birthdays and anniversar...
by davidsorensen32
Wed Aug 30, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16814

Re: What should the savings be for an average professional

Average rule of thumb that my mentor told me when I was starting my career: Target for $1M by 40. That's savings+investment gains. For someone starting their career now I'd say $2M by 40. But don't forget to live a little. Remember everybody dies, but not everyone lives.
by davidsorensen32
Wed Aug 30, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Which funds to invest ?
Replies: 4
Views: 487

HSA: Which funds to invest ?

* CA resident (ouch !) * $10K in HSA - all cash due to really bad funds available until now. Didn't want to bother with tax issues. * New funds just became available - including several vanguard funds: https://image.yourhealth-wellnessteam.com/lib/fe9812707466047a72/m/9/Optum_HSA_Wells_Fargo_Mutual_...
by davidsorensen32
Sat Aug 12, 2017 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

KlangFool, I hear you. The only problem is jobs in these dying dinosaurs won't allow me to accumulate another 2M in the next 10 years. A job in new tech would. The difference in salary for essentially the same kind of job in new tech (not startups - see below - I mean established new tech) v/s old t...
by davidsorensen32
Thu Aug 10, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

KlangFool, you're SPOT ON ! The problem is I got laid off from one of the companies in that list. And the rest of them others are dying dinosaurs. Layoffs every 6 months. Brutal culture. Very low morale. Everyone is hanging on for as long as they can. Its highly politically charged due to negative g...
by davidsorensen32
Thu Aug 10, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Commute is not equal to work. This thread has run its course. The OP has an attitude problem more than a financial/employment one, which I'm sure employers are picking up on. My advice would be to take a deep breath and take some time to regroup. Your thoughts tend to be all over the place. Consider...
by davidsorensen32
Wed Aug 09, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Absolutely willing to go back to coding ! But whats the market for 40 year old *has been* coders who haven't been coding for 10 years ? Also how will I rationalize going from coding --> marketing --> coding ? I have dozen+ patents from my time as a programmer - I list them on my resume - but they do...
by davidsorensen32
Wed Aug 09, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Guys lets not turn this into a coast versus heartland, red versus blue thing. That was never my intent. There are lots of great companies in the middle of the country (many of them are my customers !!) with lots of great people. But guess what ? They all advice me not to move to the middle of the co...
by davidsorensen32
Wed Aug 09, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Isn't Fargo the same city that gets portrayed in movies and TV serials repeatedly as a desolate frozen tundra full of humorless people with funny accents many of who are serial killers and gangmembers dreaming of new schemes for grim murders like shoving you alive in a wood chipper or gluing your mo...
by davidsorensen32
Wed Aug 09, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Guys I'm not whining or being negative intentionally. Just stating my concerns. Moving to LCOL sounds awesome except when you think about the practicalities of getting a job and networking. If I can't get a job with my connections in the valley what chance do I have outside the valley. I don't know ...
by davidsorensen32
Wed Aug 09, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Deleted. Duplicate post
by davidsorensen32
Wed Aug 09, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Guys, great suggestions. Keep them coming. Some thoughts * Driving for Uber - both my cars are 17 years old. Uber requires new cars. A new car is a big expense in my current situation. * Job fair - I haven't had much success in job fairs in the past. I used to go to them regularly earlier in my care...
by davidsorensen32
Wed Aug 09, 2017 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

WCI, love your blog ! There is an incorrect assumption in your maths. 85k is gross. It's more like 65k after taxes. My assumptions are more like I need 3.5% withdrawal which is cutting it too close. The long awaited layoff happened this week. After 17 years of continuous employment I find myself wit...
by davidsorensen32
Tue Aug 08, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Guys, spouse is really attached to the Bay Area because of her line of work. She's apprehensive that she wont be getting an equivalent job (with a pension, great bennies etc.) in other parts of the country. On your suggestions for LCOL - I'm personally completely in favor of it, but am handicapped b...
by davidsorensen32
Tue Aug 08, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

I used to program years ago (but have undergrad+masters in computer science). Ever since my MBA I shifted to the business side. HomerJ - I work in creating fairly complex and sophisticated products and services for fairly demanding Fortune 2000 enterprise companies. Outside of Seattle not too many a...
by davidsorensen32
Tue Aug 08, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

How so ? My expenses are Rent + Utilities: $36,000 per annum. But rent controlled. So I don't expect rent to go up very much. Tuition: $24,000 per annum. Vacation: $10,000 per annum. [We will get rid of this] Food, clothing etc: $30,000 per annum [Maybe some opportunity to squeeze here] So ok. Down ...
by davidsorensen32
Tue Aug 08, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

HomerJ - I work in creating fairly complex and sophisticated products and services for fairly demanding Fortune 2000 enterprise companies. Outside of Seattle not too many areas where companies build the same products and services at scale. Believe me. I tried. On the operational side (that involves ...
by davidsorensen32
Tue Aug 08, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

* Relocation - Yes, I have to start looking at this possibility. I agree. But what are the chances that I'll get a job outside of the Bay Area in tech when I can't get a job IN the Bay Area ? Seattle might be an exception. davidsorensen32, 1) Much better since you got nothing from this area. KF - n...
by davidsorensen32
Tue Aug 08, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Re: Life at crossroads. What would you do ?

Great responses. I'll try to address multiple posts in one: * 3 hour commute - this seems to be the only viable option for now. I will continue on this course. It will break my heart not to be able to spend time with my DW + kids in elementary school. They think their dad is their best friend. Will ...
by davidsorensen32
Tue Aug 08, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17450

Life at crossroads. What would you do ?

The long awaited layoff happened this week. After 17 years of continuous employment I find myself without a paycheck for the first time in my career. I was mentally prepared for it. Been searching for a job since the beginning of the year (for the last 9 months) without any luck so far. My line of t...
by davidsorensen32
Tue Aug 08, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9582

Re: When does renting make sense

If you have a rent controlled apartment then it makes sense to keep renting as long as possible. Rent control will stabilize the rent increases. Take your savings and make it work for you in the market.
wannabogle wrote:When does renting a home make more sense than buying?
by davidsorensen32
Wed Jul 19, 2017 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 9334

Re: Personal Finance Milestone: 20 Times Annual Expense

KF, you are an inspiration. I am in the same situation as you were a bit while ago. My whole team got canned last month. I may be next. Any day. My industry is getting ravaged. I applied to hundreds of jobs last 2 months (any reader from Bay Area wants an eager beaver hardworking Product Manager, Ma...
by davidsorensen32
Sun Jun 04, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 24014

Re: KF's Worst Case Retirement Plan [KlangFool's]

I strongly agree with the comments about age discrimination in tech. It is impossible to find employment after 40 unless you know the hiring manager really well. It's time
We do something about it.
by davidsorensen32
Sat Jun 03, 2017 12:41 am
Forum: Investing - Help with Personal Investments
Topic: DODGX - sell or keep [Dodge & Cox Stock Fund]
Replies: 33
Views: 4815

Re: DODGX - sell or keep [Dodge & Cox Stock Fund]

Correct. I have it through my mega corp 401(k) VSMPX: Vanguard Total Stock Mkt Idx Instl Pls (VSMPX), ER = 0.02% Was going through this old post. And if I am reading this right, VSMPX has min initial investment of $100,000,000 as in $100 Million??? Wow just wow!! People with that kind of money comin...
by davidsorensen32
Sat Jun 03, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 24014

Re: KF's Worst Case Retirement Plan [KlangFool's]

I wouldn't do it if I had a choice. Work till you bank $2M at least. Depending on the kindness of relatives to keep you from the poor house is bad planning IMO. Ditto on absconding to a foreign country, unless its one of the handful of OECD countries with excellent health coverage. Kill the mortgage...
by davidsorensen32
Mon Feb 06, 2017 12:42 am
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 317
Views: 51690

Re: Any books really change your outlook on life?

Art of Travel - Alain Botton
Siddhartha - Herman Hesse
Bhagwad Geeta
Sperm Wars
Freakonomics
Fooled by Randomness
Outliers
by davidsorensen32
Sat Feb 04, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: First time Maui vacation - where to stay?
Replies: 70
Views: 7550

Re: First time Maui vacation - where to stay?

Inspired by this thread I went to Maui. The highlight of the visit was the road trip to Hana. Inspired by Hana, I started blogging: http://www.livejumpjoy.com . The entire trip was booked through Costco. Time was of a premium and I did not have time to shop around. I'm happy to report that the trave...
by davidsorensen32
Sat Feb 04, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 18180

Re: Two Comma Club

Interesting. I always thought that the first $1M is the hardest. Seems not. Wonder how long it takes to get to 2M from 1M from here. Too bad, no one posts about 2M. Everyones about hitting the first 1M IMHO after 1 M, the steps are deeper and slower, sand rises higher, and feeling of slogging into t...
by davidsorensen32
Sat Feb 04, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Road to Hana
Replies: 0
Views: 581

Road to Hana

Thanks to all the advice on this forum. Here is my report: http://www.livejumpjoy.com . I hope Hana is on everyone's bucket list. Its simply magnificent. God willing, I'd love to retire in Hana.
by davidsorensen32
Mon Jan 30, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 96
Views: 6860

Re: Where do you buy coffee beans?

There are no dates on Keurigs cups. +1 The peets holiday blend (red carton) from Costco Peets beans from the Costco. About half the price of buying the same beans from Peets, and they work well for hot and iced coffee. FWIW, the Peet's coffee in grocery stores (including costco) is often stale. Chec...
by davidsorensen32
Mon Jan 30, 2017 8:18 pm
Forum: Personal Consumer Issues
Topic: France or Switzerland
Replies: 52
Views: 5789

Re: France or Switzerland

Update: France wins hands down. We're booking our flights to CDG. God bless you all. Thanks everyone.
by davidsorensen32
Mon Jan 09, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 18815

Re: Best Financial Moves You've Made

* Moving REITs to tax sheltered accounts * Getting Chase cards with those lucrative points * Opening HSAs * Never financing any cars * 529s * Dumping a whole bunch of expensive Fidelity + Dodge & Cox funds for Vanguard * Not buying a home in the ridiculously overpriced Bay Area * Buying Berkshir...
by davidsorensen32
Wed Dec 28, 2016 1:40 am
Forum: Personal Consumer Issues
Topic: France or Switzerland
Replies: 52
Views: 5789

France or Switzerland

Folks, we're debating whether to visit France during next summer. Terrorism is of course the big worry given the recent spate of unfortunate incidents. DW is worried that we'd be caught in it or be affected somehow. Hence Switzerland is the fall back option. Anyone have any perspective to share ?
by davidsorensen32
Sun Dec 25, 2016 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 17091

Re: Retiring in a Decade after Graduation

Marry well. That's all that is required.
by davidsorensen32
Thu Dec 15, 2016 2:08 am
Forum: Personal Finance (Not Investing)
Topic: If and how to bring up inappropriate conduct of former boss?
Replies: 60
Views: 5094

Re: If and how to bring up inappropriate conduct of former boss?

Document everything. Document as much evidence as you can. Then talk to the best attorney you can afford and show him the evidence. You need professional legal advice. For 4 years I reported to a director in my mega-corp who over that time acted unprofessionally and also on several occasions made de...
by davidsorensen32
Sun Dec 11, 2016 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need help to find a direction to invest $800k plus $900k
Replies: 24
Views: 2425

Re: Need help to find a direction to invest $800k plus $900k

Invest in the 3 fund portfolio. Search on this forum, there are plenty of posts. Its a no-brainer. Invest first and thank us later. I followed the BG maxims and am very thankful I did.

HenrysPlan2 wrote:Anyone please?
by davidsorensen32
Sat Dec 10, 2016 1:36 am
Forum: Personal Consumer Issues
Topic: travel to Istanbul
Replies: 42
Views: 3501

Re: travel to Istanbul

Avoid by all means. It's not safe

sabhen wrote:I plan to travel to Istanbul in late December for 8 days. Any recommendations and tips for things to do, to see, what to avoid etc... thanks
by davidsorensen32
Sat Dec 10, 2016 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 17091

Re: Retiring in a Decade after Graduation

OP, I have just 2 words for you - "marry well". Now, if you're really smart you'll marry the kid of a really old & really sick but stinking rich BH with a living trust so that you don't have to be a BH yourself As soon as the BH dies your spouse will inherit gazillion $$$$ and you can ...
by davidsorensen32
Fri Dec 09, 2016 10:14 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 96
Views: 6860

Re: Where do you buy coffee beans?

Really ? Look again. There is no roast date on the red keurig packages. +1 The peets holiday blend (red carton) from Costco Peets beans from the Costco. About half the price of buying the same beans from Peets, and they work well for hot and iced coffee. FWIW, the Peet's coffee in grocery stores (in...
by davidsorensen32
Fri Dec 09, 2016 10:11 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 65
Views: 4673

Re: Which country in Africa to visit?

Three cheers for kirstenboch. Just one nit - the whole park has like zero trash cans. I had to carry my trash for the whole day. Cape Town and the National Botanical Garden, Kirstenbosch. It's a personal thing, but when traveling prefer to visit world class botanical gardens. Been to London several ...
by davidsorensen32
Fri Dec 09, 2016 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What Can One Do To Decrease Dividend Taxes?
Replies: 27
Views: 3646

Re: What Can One Do To Decrease Dividend Taxes?

This is my strategy Put muni bond funds in your taxable accounts and dividend-paying stocks in tax-advantaged. The OP is in California, which makes this a particularly good strategy, as CA muni bonds are exempt from CA as well as federal tax. My preferred muni strategy, if all your bonds are in the ...
by davidsorensen32
Fri Dec 09, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 157
Views: 16639

Re: HSA - is keeping 40 years of medical records practical?

Totally makes sense. Click a pic of receipts using your smartphone and store it in the cloud. If I'm in my mid-20s and have an HSA, should I: ⋅ start withdrawing from my HSA now to reimburse myself for medical costs as I incur them ⋅ invest, let it grow, and withdraw at 65yo for ...
by davidsorensen32
Fri Dec 09, 2016 9:47 pm
Forum: Investing - Theory, News & General
Topic: Trading
Replies: 2
Views: 298

Re: Trading

Invest, don't trade. Unless you are insider, then trade, and joy your loot, but prepared to become homies with a certain Bernie maddoff Hello I was just wondering what peoples thoughts are on the above regarding whether it is possible. I invest and index. I did not want to post on a trading forum be...
by davidsorensen32
Fri Dec 09, 2016 9:44 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to wait for a dip to buy VTSAX?
Replies: 18
Views: 2250

Re: Does it make sense to wait for a dip to buy VTSAX?

Just buy it.

radnor wrote:VTSAX is appreciating day-by-day. Should I wait until the value drops again somewhat before buying?
by davidsorensen32
Fri Dec 09, 2016 9:43 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in Europe or South America - Feb 18-25??
Replies: 9
Views: 986

Re: Vacation ideas in Europe or South America - Feb 18-25??

When in South America please say hello to Mr. Zika An up and coming place my wife and I would recommend is Cartagena, Columbia. Last year there were nonstop flights from Miami and Altanta, among other US gateways to South America. It is a beautiful walled city (going back to 1533) that is tropical i...