Search found 1303 matches

by investingdad
Wed Jun 13, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11124

Re: Are you including SS in your planning model? Are the benefits really that high?

I locked down MySocialSecurity two years ago when I learned that was the path taken to my identity being stolen... documented on this site.
by investingdad
Mon Jun 11, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 36824

Re: Bogleheads, tell me about your 40's?

44 year old me remembers when 24 year old me ran his first spreadsheet to model retirement and concluded that saving and investing immediately was the best course of action.

I'd like to thank him for making my life a whole lot easier.
by investingdad
Mon Jun 11, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 36824

Re: Bogleheads, tell me about your 40's?

I responded to this thread 4 years ago.

I'll add the following since my kids are now 13 and almost 11.... the correct answer to the following question, without ever having to think about it, is always 'yes'.


Dad, can we go golfing this weekend?
by investingdad
Sun Jun 10, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11124

Re: Are you including SS in your planning model? Are the benefits really that high?

Thanks for all the replies. I think because I've just assumed over the last 20 years that there'd be no social security and it was up to is to take care of ourselves, i was a little floored by the projection of payments. I'll continue to assume zero for now. Once in our mid 50s in a decade, I'll con...
by investingdad
Sat Jun 09, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11124

Are you including SS in your planning model? Are the benefits really that high?

I have not used social security in any retirement planing model since I began modeling back in my 20s. Just today I tried an SSA calculator to estimate my benefits. I told it I would stop earning at 54 and entered my yearly earnings up to this year. I'm 44. The result was a monthly benefit of $1600 ...
by investingdad
Wed Jun 06, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50504

Re: How much money do you want to retire?

I'm happy with our current lifestyle. Our expenses are between 120k and 130k. That includes two kids in the house. When they move out (both middle school age right now), I envision the same level of expenses which should give us a small lifestyle bump. I think 4.5 million will pay for that over a 40...
by investingdad
Wed Jun 06, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12445

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

When I got my MBA during my mid 20s there was an M.D. there who must have been at least mid 60s, I had one class with him. I never understood his motivation as I'd assumed his career would be winding down at that point. Granted, I didn't ask him, either. I don't claim to understand the motivation of...
by investingdad
Tue Jun 05, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Don't make the mistake I made (Telemarketing hell)
Replies: 67
Views: 8592

Re: Don't make the mistake I made (Telemarketing hell)

The one I was getting for awhile that, if I ever meet the responsible people, will compel me to give them a high five in the face with a hammer goes like this... [Ring ring] Me: Hello? Robo: (bright, grandma voice) Hi! Me: uh...yes? Robo: (same voice, laughing) Hahaha! It's harder getting a hold of ...
by investingdad
Tue Jun 05, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: what to do if win some lottery money
Replies: 21
Views: 2899

Re: what to do if win some lottery money

If it were me, that amount, I'd probably spend most of it. Maybe save 10k.

Assuming that's after tax. I don't think I'd need an attorney for that amount.
by investingdad
Mon Jun 04, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 185
Views: 15281

Re: Top Shelf Liquor Overrated?

Not a liquor drinker, but I will confidently tell you there's a reason Bud is $20 for a 30 pack while many of the tastier brews can run $20 or more for a 4 pack (e.g. Chimay).
by investingdad
Sat Jun 02, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7447

Re: Is our monthly Personal money out of line?

It's really your call.

Our take home is a bit less than yours, but bonus adds a chunk. We save about 20 to 25% of gross and are on track.
by investingdad
Thu May 31, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8417

Re: Profile: The Road to 1Million USD

If I did the math, taking what you have now plus just maxing 401k should put you at 73k by age 30 assuming no change in asset value. That's a 25% savings rate. If you find a way to get it to 35% for the next 3 years, you should be close to 100k by 30. If you can get 100k by 30, and then fall back to...
by investingdad
Thu May 31, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8417

Re: Profile: The Road to 1Million USD

Marry somebody with similar views on saving and investing. Seriously. Two people pulling in the same direction makes it a lot easier. Keep lifestyle creep under control. Be patient, it takes awhile for the early money to grow. Solid start, similar to mine. I expect you'll surpass your goals based on...
by investingdad
Thu May 31, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12419

Re: Have $3m at 33, "approach to career" advice needed

You have 3.2 million in your early 30s and expenses of 120k a year. Assuming 15% tax rate, you're pulling 4.4% of portfolio to cover expenses. I'd feel more comfortable with a portfolio of 4.6 million if you're not going to work. Especially at your age. I only say this because we have similar expens...
by investingdad
Wed May 23, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Debating whether to rebuild tractor or buy a new zero turn
Replies: 33
Views: 2039

Re: Debating whether to rebuild tractor or buy a new zero turn

$3K for a 52" ZTR does not sound like a quality mower (no offense). If you want a good mower, you need to go with a commercial brand with a fabricated deck and a high quality engine like Kawasaki. Some brands to investigate: Bob-Cat Bad-Boy Scag Kubota Dixie Chopper Exmark Ferris Gravely Look to sp...
by investingdad
Wed May 23, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6024

Re: How have you upgraded your wardrobe?

My only clothing splurge has been Johnston & Murphy shoes, which by some standards are not a splurge. I paid about $140 each for a pair of black dress shoes and brown dress shoes. Neither made in China. Both were very uncomfortable at first but once broken in, feel wonderful. I may elect to get a pa...
by investingdad
Tue May 22, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6024

Re: How have you upgraded your wardrobe?

I do appreciate the store specific feedback. Thanks.
by investingdad
Tue May 22, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6024

Re: How have you upgraded your wardrobe?

Not full suit as I only wear a jacket and tie if meeting clients off site.

Really more like good slacks and dress shirts. I like the jacket no tie look and that's acceptable for the meetings above.
by investingdad
Tue May 22, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6024

Re: How have you upgraded your wardrobe?

My boss's boss is in another country and my boss is female...so that guidance won't work. :) We have a range of fashions at our Megacorp. Some are sloppy and it's not a good look. Others are way on the other end, most are in the middle. My objective is simply to look a little more put together in th...
by investingdad
Tue May 22, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6024

How have you upgraded your wardrobe?

I admit I tried to spend some money on "upgraded" clothing labels this past weekend. I spent some time looking at office type clothes in Brooks Brother's, Ralph Lauren, Boss Hugo, etc. Nope, couldn't do it. I kept thinking of how little any of this would cost at Kohls. I did manage to drop a couple ...
by investingdad
Fri May 18, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4241

Re: Surgeon salary vs owning a business salary/profit?

It's funny, I knew a guy in my early 20s that used to plan out various career ideas, talked about cross country moves, going to school for... whatever... based on what he thought he'd earn, etc. We were friendly from around my senior year in college until a few years after I graduated. I eventually ...
by investingdad
Fri May 18, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4241

Re: Surgeon salary vs owning a business salary/profit?

My advice is to actually start down a path and then stick with it to its conclusion.

After reading some of your other threads, you come off sounding wishy washy.

Perhaps this isn't the case, but that's the vibe you're projecting.
by investingdad
Thu May 10, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

Re: What's the view on dogs running free?

DaftInvestor wrote:
Thu May 10, 2018 2:45 pm
Here's an idea for a sign:

http://www.stopsignsandmore.com/images/ ... m/1966.gif
What if the dog can't read?
by investingdad
Thu May 10, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

Re: What's the view on dogs running free?

We do have leash laws, just looked on our township website. Pretty strict and clear. That said, not the path I want to go down here. We'll see if it continues. If it becomes a real recurring issue, I'll have to let them know about my daughter's fear of dogs after a large dog got out of another neigh...
by investingdad
Thu May 10, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

Re: What's the view on dogs running free?

Thanks for the feedback. Calling local authorities isn't something I'd do for this. Also I have no problem talking to a neighbor about something when appropriate. The guy way down the street that actually tried to bag a turkey with his bow in the open space woodland behind us I confronted immediatel...
by investingdad
Wed May 09, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

Re: What's the view on dogs running free?

I never talked with them, but they seem like decent folks. The one time the dog did it's business in our yard, or maybe the neighbors... don't recall, they wasted no time running over to clean it up and apologize. It's a nice street in that regard. But that doesn't mean I want to see them when I'm r...
by investingdad
Wed May 09, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

Re: What's the view on dogs running free?

bengal22 wrote:
Wed May 09, 2018 12:57 pm
It wont stop bothering you regardless of replies here. Put up a fence.
I don't want a fence.

Our neighbors on either side don't have a fence an we like the openess.

The doggy lives two homes down.
by investingdad
Wed May 09, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5683

What's the view on dogs running free?

We have neighbors a few homes down that often let their dogs run in their backyard without a leash. Their property is not fenced. While fairly well trained, the one pooch likes to wander through our backyard to greet another neighbors dog that resides behind a fence. For the most part, this doesn't ...
by investingdad
Wed May 09, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5769

Re: How to handle problem employee

My sense is the OP is frustrated and the employee is a PITA for one reason or another. I suspect the OP was both venting and looking for suggestions, as well as maybe looking for validation of their frustration. As often happens, people are quick to turn on the OP. I've had this experience many time...
by investingdad
Tue May 08, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 6652

Re: Is it time for me to change jobs or should I stay put?

I'm going to share what I think is some hard reality. You're unlikely to be promoted into the type of role you think you should have and will be reporting to a younger manager sooner rather than later if you're not already. I'm just a few years older than you. I work for a mega Corp. I will tell you...
by investingdad
Sat May 05, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4077

Re: Need advice on $5M property sale

Good luck, OP...I'm genuinely happy you have this opportunity. I will say that in southeast PA where a certain online realtor has established a warehouse presence the land values have gone way up as business rushes in. I guess the question is... does this sale cement your early retirement and secure...
by investingdad
Thu May 03, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: One Bathroom in Home Change Bathtub to Only Shower Hurt Resale?.
Replies: 32
Views: 2123

Re: One Bathroom in Home Change Bathtub to Only Shower Hurt Resale?.

I hate this point of view.

I could care less what the next buyer values. This is my h house and I'll make it comfortable for me.

OP...i suggest you make your home liveable for you.
by investingdad
Fri Apr 27, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 6174

Re: Learning to drive stick

There is no reason to use the parking brake to start on a hill. :confused Using the parking brake is how you avoid unnecessary clutch slippage. Otherwise, as soon as you come off the brake, the car starts rolling backwards, and you have to slip the clutch to overcome the backwards momentum without ...
by investingdad
Sat Apr 14, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6284

Re: Could you support family on 1 income?

Could if we wanted to.

I'd stay home, my wife earns 61.5% of our total income last year.
by investingdad
Fri Apr 13, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12861

Re: Work Commute: How far is too far?

This is obviously a personal decision. My wife earns about 1.55x what I earn, which is great because I'm not doing too bad. She also has the lousy commute, but works from home on occasion and at her discretion... the perk of being mid career and highly valued. She spends about 50 minutes each way......
by investingdad
Wed Apr 11, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Periodontist at fault?
Replies: 33
Views: 3427

Re: Periodontist at fault?

Sympathies for your wife. I'm living this right now. I had two root canals done on front teeth as a kid after breaking one of them. Now in my 40s, it was discovered that the one root canal failed at some point, an abscess began, and there's bone damage in the upper jaw. I had both of them redone las...
by investingdad
Mon Apr 09, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 2044

Re: Job search advice for a soon-to-be engineering grad...

My advice is for the interview process, especially the college academic superstars. Please make sure he remembers to be humble. I've interviewed new grads and recent grads who came in with stories that made it sound like they've already mastered engineering before they even started. A recent grad th...
by investingdad
Mon Apr 09, 2018 6:04 am
Forum: Personal Consumer Issues
Topic: Is it very hard to learn Spanish?
Replies: 65
Views: 4486

Re: Is it very hard to learn Spanish?

It's probably not as easy as it would have been as a kid. But I will say this, the difficulty of learning a new skill is inversely proportional to your desire to learn it.
by investingdad
Fri Apr 06, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Learning Violin as an adult...now with progress Audio
Replies: 186
Views: 25869

Re: Learning Violin as an adult...Entering Month 15

Some modest improvement, but I'd still cover your ears. Here's two audio files of me playing. I recorded the first one about four or five weeks after I started. The second one I recorded a few weeks ago, after 15 months of playing with 1 hour of practice a day plus weekly lessons. I recorded these o...
by investingdad
Mon Apr 02, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 42
Views: 3625

Re: Cleaning up new house before move in—getting rid of “cat smell”

Odors can be tricky. There was a new development near us that hit hard times in the housing crash. Builder pulled out and left one home in a state of construction. After three years or so, new builder bought the development. Rather than tearing down the incomplete home, they finished it and turned i...
by investingdad
Wed Mar 21, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 7134

Re: Drink package on Royal Caribbean, worth it?

I've been a BH since my early 20s precisely so my wife and I, now in our mid 40s, can enjoy these sorts of vacations. Money is a tool, and discretionary spending is part of it. You need a $1000 alcohol package to be able to enjoy a vacation with your wife? I don't think I need to justify how we cho...
by investingdad
Wed Mar 21, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 7134

Re: Drink package on Royal Caribbean, worth it?

$900 a week for liquor sounds outrageous to me and probably many BHs. THIS! I'm surprised at the number of posters who are so nonchalant about spending nearly a grand on booze for a week. I wouldn't buy such a package at even half that price. I've been a BH since my early 20s precisely so my wife a...
by investingdad
Wed Mar 21, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 7134

Re: Drink package on Royal Caribbean, worth it?

I have not taken a cruise. The drinks are one of the reasons. Kind of outrageous, these drink packages. The drink prices themselves are airport bar drinks prices, not even typical of around town bars. The only reason a drink package seems like a good idea is due to overpricing of the drinks themsel...
by investingdad
Wed Mar 21, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 7134

Re: Drink package on Royal Caribbean, worth it?

We have sailed RC and recently did Norwegian. First time on Norweigan we had the drink package. Second time we booked ourselves in the Haven so it was included. For us, it's worth it. I like not having to keep track of what I'm drinking and worrying about cost. A mimosa in the morning, mojito or two...
by investingdad
Mon Mar 19, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 6810

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

I missed the OPs numbers upon first read. I see them now. But it appears my wife and I together earn what he is earning (250k to 300k) and our net is higher (he mentioned 1.5 million in retirement). We also have two kids and live on about 120k a year. So very similar to him, but we are mid 40s. It t...
by investingdad
Sat Mar 17, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 6810

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

This is easy.

We are ok spending 1.2% of our net on a car, having done so last year.

So 20 million for me.
by investingdad
Sat Mar 10, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Is this too much for a kitchen?
Replies: 69
Views: 6933

Re: Is this too much for a kitchen?

We plan to stay at least 10-15 yrs, but potentially forever. It will feel a little small with 2 teenagers, but once they’re out of the house it’s the perfect size and location for us to retire in. I guess we're both having a little sticker shock with the quote. Kids: "Why didn't you do this while w...
by investingdad
Thu Mar 08, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4534

Is near FI + Employment almost as good as Retirement?

A co-worker was telling us about a recent run in with a another guy from our group that retired about two years ago. He was telling us how obnoxiously (in a good way) relaxed and stress free he looked and everyone agreed on how envious they were. What I obviously couldn't say (since I'm only 44) is ...
by investingdad
Mon Mar 05, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Learning Violin as an adult...now with progress Audio
Replies: 186
Views: 25869

Re: Learning Violin as an adult...Entering Month 15

Thanks for the update. Your hard work is paying off. You mention the advantages of playing with your teacher, so have you been able to play with a group yet? Just once over Christmas but it was difficult due to non familiarity with the music and the keys. I don't know any other adults that have tak...