Search found 28 matches

by imperio
Thu May 25, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: best way to buy tires
Replies: 38
Views: 2030

Re: best way to buy tires

Wow ... im getting 30k miles out of my tires and i take care of them ... im suprised the michelines are getting north of 75k and 90k on them ... that's amazing Hard rubber. I took a set of Michelins off a vehicle with lower profile tires. The ride was so harsh due to the hardness required to get a ...
by imperio
Wed May 24, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs Schwab Total Stock Market Index Fund
Replies: 13
Views: 1036

VTSMX vs Schwab Total Stock Market Index Fund

https://www.schwab.com/public/schwab/nn ... ml?van=tqn

Am I missing something or does the Schwab Total Stock Market Index Fund look like a better option compared to Vanguard Total Stock Market fund, since it has lower costs?
by imperio
Tue May 23, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Emergency Fund
Replies: 33
Views: 3472

Re: Investing Emergency Fund

We use insight prepaid accounts for the bulk of our e-fund. They offer 5% on up to 5000 in a savings account and each person can have two accounts. That gets us 20k earning 5%, so we don't worry about the rest sitting at 1%. It does take a few days, though, for an ach pull to bring the funds back i...
by imperio
Mon May 22, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Shocking car insurance quote
Replies: 39
Views: 4639

Re: Shocking car insurance quote

Allstate is known for its policy of " price optimization, a technique that penalizes loyal policyholders by charging them higher rates because their insurer believes they are unlikely to shop around for a better price ." I too was a long term Allstate customer jolted by how much more I wa...
by imperio
Mon May 22, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Shocking car insurance quote
Replies: 39
Views: 4639

Re: Shocking car insurance quote

Allstate is known for its policy of " price optimization, a technique that penalizes loyal policyholders by charging them higher rates because their insurer believes they are unlikely to shop around for a better price ." I too was a long term Allstate customer jolted by how much more I wa...
by imperio
Fri May 19, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

We are paying just under $30k per year for day care. After tax. We are paying to work. Get used to that idea. But if you find a good center with qualified people, it will be money well spent. :sharebeer We'll need to figure out if it makes sense for one parent to stay home or for both to work when ...
by imperio
Fri May 19, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

We are 31 years old with a 2.5 year old and 10 month old. Daycare: 20K per year for both kids, will go down steadily but not completely due to summer child care and after school daycare, etc... Pregnancy and delivery via cesarean: only paid a couple thousand due to excellent insurance coverage Both...
by imperio
Fri May 19, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

Using cars: Wife staying home for 16 years instead of continuing her management job in healthcare. 1 Ferrari LaFerrari Aperta Son at a top, private engineering college. 1 Lamborghini Huracan Second son in private high school. (not expensive one) 1 brand new Subaru STi Limited with nav and spare set...
by imperio
Fri May 19, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

Welcome Imperio, I'm 51 and have been married for 22 years and have a 19 year old daughter. I'm confident that you have more expendable income NOW than you will ever have once you get married and have kids. Start packing your lunches now and save everything you can :) I hate packing lunches!!! But ...
by imperio
Fri May 19, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

1. How much/what are you doing for daycare? Have seen numbers posted that people pay for daycare that seem very high. 2. In a similar sense, what will they be doing for school? Public or Private? I have seen numbers posted that people pay for elementary, middle school, and high school that seem ver...
by imperio
Thu May 18, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

How much do kids cost from delivery We just had a baby in February. The entire cost (the delivery, hospital recovery, tests on the baby, ultrasounds, everything ) cost us $12,000. That's with insurance, including maternity coverage. So buckle up. I'm by no means rich, or even "well-off", ...
by imperio
Thu May 18, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

Thanks all. Just wanted to be sure I hadn't missed anything and stumble upon an OH SXXT! moment 10 years down the road. How do people feel about having kids paying their own way through college? I paid for mine, albeit it not being in the US and hence a lot cheaper in my home country. I worked part ...
by imperio
Thu May 18, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Re: Life's big ticket items to save for

ruralavalon wrote:I'll add, although it costs a lot to raise children, pay those expenses out of income don't try to save up for them. Live frugally and have a reasonable emergency fund.

Why so? I assume you mean outside of college fees, which you mentioned were the big ticket item.
by imperio
Thu May 18, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1114

Re: Updates to our financial situation & a few questions..

looks good. if you do DCA, what will you invest the rest of it while waiting? high-yield savings? you can use a target date account and adjust bond allocation. but if you are going to have so much VTSAX, why not just buy the components (US TSM, Total Int'l, Total Bond) and adjust the bond allocatio...
by imperio
Thu May 18, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2797

Life's big ticket items to save for

I'm 30 and getting married this year, planning to have kids in the next few years, and maybe buy a home if we move out of the SFBA. What are some of the big ticket items I should save for? Wedding expenses we've got figured out. How much do kids cost from delivery to when they're out on their own? A...
by imperio
Tue May 16, 2017 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 17119

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

OP: for what it's worth, you may want to consider buying used (non-CPO) and using the $ savings to buy a good extended warranty from a reputable company to hedge your risk of multiple expensive repairs. There're warranties that require you to pay as little as $100 out of pocket for each repair.
by imperio
Mon May 15, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6718

Re: Anyone else agree with my logic on silicon valley housing?

The problem is if you need another comparable job at some point, there are a lot more of them where you are than in Austin (In terms of making 250k+ with 5 yrs experience). Some people would drastically prefer living in San Jose to Austin in terms of weather, the beach, etc. this may not apply to y...
by imperio
Mon May 15, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2275

Re: Please assess our financial situation; grateful for any advice :)

To clarify a few things: "Desired Asset allocation: 90% stocks / 10% bonds (or should we follow the 3-fund theory?) Desired International allocation: 50%" A 3 fund portfolio is made up of US and International stocks, and bonds. So your statement of 90% stocks can be done with a 3 fnd port...
by imperio
Mon May 15, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2275

Re: Please assess our financial situation; grateful for any advice :)

On the one hand, I don't think you're *wrong* to want a nice car, especially if you can afford it. And you're only talking about $30k; it's not like you want to blow all your money on a Ferrari. On the other hand, this: The $1,124,176 Car. One of the easiest ways to save money is buying an inexpens...
by imperio
Mon May 15, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2275

Re: Please assess our financial situation; grateful for any advice :)

Hi everyone, Stumbled upon this forum recently while wondering why the generation above keep harping on saving for the future/retirement. We've always made it a point to put money aside since starting work approx. 5-6 years ago, just never really understood why. We understood the concept of delayed...
by imperio
Fri May 12, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2275

Please assess our financial situation; grateful for any advice :)

Hi everyone, Stumbled upon this forum recently while wondering why the generation above keep harping on saving for the future/retirement. We've always made it a point to put money aside since starting work approx. 5-6 years ago, just never really understood why. We understood the concept of delayed ...
by imperio
Thu May 11, 2017 6:53 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18083

Re: Why save so much for when you're old?

One final note. I would guarantee you if you polled all the people on this board 98% of them would tell you if they could go back and do one thing in their life to help with their retirement future savings most of them would say they wish they had starter saving earlier. I'm in my late 20s, started...
by imperio
Thu May 11, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18083

Re: Why save so much for when you're old?

+2. FWIW, my wife and I maxed out both our tax-deferred retirement accounts when we first married (4yrs ago) and our income was about half of $160k, and we had an infant and we aren't misers (well, she isn't). My SO and I work in the Bay Area and gross approx $190-$200K before ESPP/RSUs. We pay $2k...
by imperio
Thu May 11, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18083

Re: Why save so much for when you're old?

In what world is $160k household income "only"? I was thinking the same thing. +2. FWIW, my wife and I maxed out both our tax-deferred retirement accounts when we first married (4yrs ago) and our income was about half of $160k, and we had an infant and we aren't misers (well, she isn't). ...
by imperio
Thu May 11, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18083

Re: Why save so much for when you're old?

My wife and I only gross about 160k combined and yet we manage to dine out weekly, attend plenty of concerts and plays, travel relatively lavishly (annual two week trips to either the west coast and Europe while staying at well appointed Airbnb properties + a week at the beach + multiple long weeke...
by imperio
Wed May 10, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 3991

Re: Young professional planning for early semi-retirement

Annually, I am planning on contributing 14% to 401k with employer match and nearly maxing the Roth IRA. This isn't perfect but as a quick rule of thumb, Mr. Money Mustache has a blog post on "The Shockingly Simple Math Behind Early Retirement" which has this table... https://monosnap.com/...
by imperio
Wed May 10, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 3991

Re: Young professional planning for early semi-retirement

Annually, I am planning on contributing 14% to 401k with employer match and nearly maxing the Roth IRA. This isn't perfect but as a quick rule of thumb, Mr. Money Mustache has a blog post on "The Shockingly Simple Math Behind Early Retirement" which has this table... https://monosnap.com/...
by imperio
Tue May 09, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18083

Re: Why save so much for when you're old?

My first post here - I registered only because I wanted to subscribe to this thread. I too was wondering the answer to this question last week and am glad I found this thread! Always helps to have advice from "future selfs". Cheers all :sharebeer

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