Search found 968 matches

by investingdad
Wed Aug 24, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3256

Re: Did you use Real Estate to build wealth?

Good replies, everyone, thank you. I had read another one of those, "How millionaires think and create wealth", articles and all I could think of was...who exactly did they talk to for their research? Real estate, networking, many revenue streams, outside the box thinking, being your own b...
by investingdad
Tue Aug 23, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3256

Did you use Real Estate to build wealth?

I will admit I get tired of reading articles about real estate as the only great avenue to reaching wealth and financial independence. We are in our early 40s and I think pretty far ahead of the game. The only real estate in our portfolio is our home. We went the route of college educated, good care...
by investingdad
Fri Aug 19, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1138

Re: Identity Theft...be proactive, don't panic

Our information was compromised when a major health provider had their systems hacked. Nothing we could have done to prevent it.

Go to ssa.gov and search, block access. It's quite simple.
by investingdad
Fri Aug 19, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1138

Re: Identity Theft...be proactive, don't panic

We always filed a paper return. The fraudulent, electronic return was a joke. In this case, I believe the thieves are thieves because they probably suck at anything that requires thought, detail, and planning. It was such a lazy and pathetic attempt. If I had access to personal information like they...
by investingdad
Thu Aug 18, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 7300

Re: Has your workplace transitioned to "open/collaborative space?"

I'm convinced this is an extroverted idea being pushed on introverts because said extroverts are either clueless to other work preferences or think introverts need to be "fixed". I passed on a second interview once for this reason. Do the managers participate in this layout? Of course not.
by investingdad
Wed Aug 17, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help. My boss is expecting me to read her mind.
Replies: 53
Views: 3380

Re: Help. My boss is expecting me to read her mind.

I know people all across our great land have jobs like this, where interacting with petty people over trivial matters is the norm. But my goodness...if it were me, I'd tell the person to buzz off and find a job that allows me to be more self directed. I just can't imagine going back to the days of n...
by investingdad
Tue Aug 16, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 7882

Re: FICO Scores: Which one do you get?

I purchased all three plus credit reports this weekend given identity theft issues. No unusual activity, all credit reports are frozen...I had to do a temporary lift to get them.
by investingdad
Mon Aug 15, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 260
Views: 28126

Re: Self-made Millionaires: how did hitting 7 figures change you?

Well...holy cannoli...but Mr Market pushed us over two million tonight. I'm sure it's only temporary but still. I'm still going to work tomorrow and still packing my lunch. My non luxury sedan is still three years old. My wife is still buying our clothes from Kohls and our kids stuff from Target. Ou...
by investingdad
Mon Aug 15, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 260
Views: 28126

Re: Self-made Millionaires: how did hitting 7 figures change you?

I felt poorer at $1m than when I was flat broke. Like having that $ in the bank was a ticket behind the curtain and once I met the Wizard I realized how poor I was relative to other clever, hard working high achievers in the world. Very strange psychological effect. I guess once you get a bite of t...
by investingdad
Mon Aug 15, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 260
Views: 28126

Re: Self-made Millionaires: how did hitting 7 figures change you?

I think what we're seeing here is...frugal lifestyle plus time and earnings power coming home to roost.

That's not a combination that suddenly leads to big changes in behavior when big milestones are reached.
by investingdad
Mon Aug 15, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 260
Views: 28126

Re: Self-made Millionaires: how did hitting 7 figures change you?

We crossed it at 39 after seventeen years of saving and investing. We are now very close to notching the second one, four years later. I think the biggest impacts it's had for me personally are: * I don't worry about the pricey cheese, beer, and chocolate I enjoy * I'm less concerned about layoffs t...
by investingdad
Mon Aug 15, 2016 6:48 am
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4899

Re: You have $10 Million and 10 years to live. What would you do?

There's a quote from Office Space that would work here...
by investingdad
Sun Aug 14, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1138

Identity Theft...be proactive, don't panic

I think I posted on here that a fraudulent tax return was filed in our name this year. I found out when the scum thief accessed my social security information and I was notified by mail that an account had been set up. I requested and finally received a copy of the fake return. Without going into a ...
by investingdad
Wed Aug 03, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 7973

Re: How long to turn 1 million to 2 millions for you?

I find it very interesting that there were posts above about taking ten to fifteen years to get to $1 million and just four or five for the next million. This is Exactly how we are tracking. From 23 to 39 for us to reach $1 million. Just turned 43 and we are about 30k shy of making it to $2 million....
by investingdad
Tue Aug 02, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Significant Salary Discrepancy
Replies: 26
Views: 3460

Re: Significant Salary Discrepancy

Bottom line...they have more experience and a higher salary before starting. So they now make more than you. That's life and reality in the corporate world. You can suck it up and work your way up, or take a different position. But voicing your displeasure with your manager will be a lose lose for y...
by investingdad
Tue Aug 02, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 98
Views: 9813

Re: Suckered into Marriott Kauai Timeshare Presentation

What happens if your don't show up or refuse to attend?

Charge your credit card for the full amount of the stay?
by investingdad
Sun Jul 31, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 6560

Re: has anyone wished they worked one or two more years

My worry is that either my wife or I will retire early, early to mid fifties, and realize we miss our jobs. I go stir crazy if I'm at home during the work week sick. She does too. Maybe my perspective will change in the next ten years. A lot of retired engineers at my mega corp come back as temp emp...
by investingdad
Fri Jul 29, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2043

Re: MRI Price

Having had some exposure to a certain MRI manufacturer for a project I was involved in, I can tell you that there are for sure differences between machines. Magnet strength is one key difference. Constant supply of liquid Helium isn't cheap either. In fact, these machines have their own P&L stat...
by investingdad
Fri Jul 29, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 153
Views: 14711

Re: Evicting a tenant-Hire lawyer?

Professional deadbeat...

...hopefully she's charged before causing any more financial destruction.
by investingdad
Thu Jul 28, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Leaving "on or before work anniversary" and golden handcuffs
Replies: 30
Views: 4784

Re: Leaving "on or before work anniversary" and golden handcuffs

I'd go one extra pay period, than give notice.
by investingdad
Tue Jul 26, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 46
Views: 2180

Re: Converting from Oil heat to Gas or Electric

My parents have oil, we have natural gas. Our home is 3200 ft to their 1400 ft...not including out finished basement. Our hearing bill is half theirs and we keep the house warmer, also have a gas fireplace. We live about fifteen miles apart. I put in electric baseboard assist in the finished basemen...
by investingdad
Sun Jul 24, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to do w/$150k after tax $?
Replies: 8
Views: 1141

Re: What to do w/$150k after tax $?

age=45, single, no kids. dont want kids. 401k/roth/ira = $450k. (35% total bonds, 25% total intl, 40% total market) i expect $1k/month (in today's $) from my pension when i turn 62. plus whatever $ from social security when i'm 67. After tax $: right now i have $75k in a healthcare mutual fund, $65...
by investingdad
Sun Jul 24, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 153
Views: 14711

Re: Evicting a tenant-Hire lawyer?

My loser cousin passed bad checks to a grocery store. She was convicted and did jail time for her first offense.

Good luck, OP...sounds like you're in the right here.
by investingdad
Sun Jul 24, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 79
Views: 5509

Re: Rules of Thumb: Max House Value as % of Net Worth?

We are a good example of, "if I had known then, what I do now...". We have a nice home in a nice neighborhood. We paid 360k and financed 240k. That was six years ago, we sold our first house in the process. We were probably making about 160k at the time. Today, our base income stands at 97...
by investingdad
Sun Jul 24, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 7181

Re: Remind me once again why I can't time the market?

While I've done a rebalance once or twice based on market events, I think the temptation is greater when you have smaller portfolios. Once you've gone over a million or two, a few extra percent on a $1000 purchase is lost in the noise. Congrats OP for starting early...you're following in my footstep...
by investingdad
Wed Jul 20, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3131

Re: Orlando Disney Parks

Phineas and Ferb is actually pretty amusing. My kids like it, I do as well.
by investingdad
Wed Jul 20, 2016 12:35 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3131

Re: Orlando Disney Parks

If you have an Ebates account, click on the orbitz link for cashback. Right now Activities (what the DW tickets are classified under if you order through orbitz) is 3.75% cash back. Then through the Orbitz website, you can buy multi-day passes https://www.orbitz.com/things-to-do/walt-disney-world-r...
by investingdad
Tue Jul 19, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: I froze my credit, here's what happened next...
Replies: 20
Views: 3560

Re: I froze my credit, here's what happened next...

Unfreeze was a snap with Transunion. We just took out a car loan and I asked which agency they use, TU. Took me a few minutes online to do it. It was lifted for ten days per my direction. No problem at all. Had to do it after identity theft this year. The IRS is still working on our actual, paper re...
by investingdad
Mon Jul 18, 2016 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 153
Views: 14711

Re: Evicting a tenant-Hire lawyer?

david99 wrote:This is strange that she left all of her stuff behind. It's threads like this that keep me out of the rental business.

Amen.

I know it's lucrative for some...but I'll take my risk and returns via mister market. :sharebeer
by investingdad
Mon Jul 18, 2016 11:27 am
Forum: Personal Consumer Issues
Topic: Bermuda cruise
Replies: 21
Views: 1622

Re: Bermuda cruise

We took the kids on their first cruise last fall, we are doing another this fall and probably more with them in the future. They really like it.

We opted for a balcony room...the extra openness was worth it.
by investingdad
Sat Jul 16, 2016 8:30 am
Forum: Personal Consumer Issues
Topic: Raising a reader
Replies: 53
Views: 3238

Re: Raising a reader

Our son is going to be 8 months old soon, and both my wife and I want to ensure that he gets into a habit of reading from an early age. What strategies have worked for parents here for that? Any ideas you guys can share? Thanks! Any ideas? Ok. The hard, hard truth is that universal literacy is vast...
by investingdad
Fri Jul 15, 2016 2:53 pm
Forum: Personal Consumer Issues
Topic: Raising a reader
Replies: 53
Views: 3238

Re: Raising a reader

Read to them as babies, especially before bedtime.
by investingdad
Fri Jul 15, 2016 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Car Buying Dilemma
Replies: 53
Views: 4451

Re: Car Buying Dilemma

I have a Maxima and we just bought a new Murano.

Rather than a used Altima, have you considered a new Versa? I bet you could get price to buy below 10k...
by investingdad
Wed Jul 13, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 153
Views: 14711

Re: Evicting a tenant-Hire lawyer?

Please keep us updated...this is a fascinating story!
by investingdad
Mon Jul 11, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

Again...I was talking about the Traditional ira. We're not eligible for the Roth due to our income. I did max the Roth back when we could. We max our 401ks and HSA. Then you aren't eligible for a deductible traditional either. That cuts out before the ROTH does for people covered by a 401k at work....
by investingdad
Mon Jul 11, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

We both have sizeable IRAs that rolled over from 401k accounts more than a decade ago. Unless you have really great employer plans, you probably don't want to roll those IRAs into your 401ks. And that probably takes backdoor Roth IRA contributions off the table. Your best bet is to invest in taxabl...
by investingdad
Mon Jul 11, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

Thanks for the replies. I did think about a backdoor Roth, but I concluded that the tax hit on converting 750k ish would be significant. A great deal of that is from old 401k accounts.

I will do more research into SEPP.
by investingdad
Sat Jul 09, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

We both have sizeable IRAs that rolled over from 401k accounts more than a decade ago.
by investingdad
Sat Jul 09, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

Again...I was talking about the Traditional ira. We're not eligible for the Roth due to our income. I did max the Roth back when we could.

We max our 401ks and HSA.
by investingdad
Sat Jul 09, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Re: Building a (taxable) Bridge to Retirement

Let me clarify.

We max out our 401k and HSA accounts.

We earn well over the limit and cannot contribute to Roth IRAs, and have not been eligible for quite a few years.
by investingdad
Fri Jul 08, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Building a (taxable) Bridge to Retirement
Replies: 39
Views: 3268

Building a (taxable) Bridge to Retirement

I'm not sure if I've seen this discussed on here or not, it probably has been. About two years ago, at age almost 41, I made the strategic decision to stop funding our traditional IRAs. Why? Because in order to retire in our early fifties, I need a bridge of money to get us to 59.5, when I get acces...
by investingdad
Mon Jul 04, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ever Feel Unworthy of Growing income?
Replies: 34
Views: 3458

Re: Ever Feel Unworthy of Growing income?

Of the really high earning jobs out there...not sure medical doctors are the ones I'd pick on about whether they deserve their income. They do.
by investingdad
Sun Jul 03, 2016 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ever Feel Unworthy of Growing income?
Replies: 34
Views: 3458

Ever Feel Unworthy of Growing income?

So my wife just got a nice raise last week due to a few different factors, awesome. I realize there are a few folks on here that earn far more than we do, and that's cool. But going forward, we are on track to make 230k base and pushing 300k with bonus and stock awards. We are not in a high cost of ...
by investingdad
Sun Jul 03, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 11166

Re: Money vs. Happiness

Is starting a family important? If yes, then that should be a priority for you. Does moving make that easier? Then move. You said two years but are unsure if you can hang on? Try this thought experiment... Pull out your calendar and mark twelve months...tell yourself this is when you quit and are mo...
by investingdad
Sun Jul 03, 2016 9:15 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13424

Re: What do you spend your money on???

Two nice family vacations per year. Oldest starts middle school in the fall, half way through the years left for the family vacation. Do it while we can. I also golf but not much...did a lot before the kids, will do a lot after the kids move out. I love craft beer and spend...whatever...to enjoy it....
by investingdad
Sat Jul 02, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1778
Views: 423978

Re: What Book Are You Currently Reading? Part VI

Just finished Stephen King's Revival.

The first half of the book felt like a diary rather than a novel, as intended.

The man's genius continues to astound me...
by investingdad
Sat Jul 02, 2016 3:35 pm
Forum: Personal Consumer Issues
Topic: Your Favorite Factory Tours?
Replies: 70
Views: 4536

Re: Your Favorite Factory Tours?

As an engineer, I've been inside a bunch.

Procter&Gamble where they made tp and paper towels. The rolls of paper were big enough to crush you.

The Kellogg cereal company where they made Raisin Bran and Froot Loops.

Fascinating stuff.
by investingdad
Wed Jun 29, 2016 2:46 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 5895

Re: Bogleheads, have we "arrived" ?

Monkey butlers that bring you fizzy drinks...?
by investingdad
Wed Jun 22, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I express my inheritence thoughts to my father?
Replies: 78
Views: 5836

Re: Should I express my inheritence thoughts to my father?

I'm not following the math here. If you've saved x dollars, and your siblings are each y dollars in debt, then the day before your father passes away, you will be x + y dollars ahead of your dear brothers and sisters. If you each inherit z dollars, aren't you still x + y dollars ahead? How can that...
by investingdad
Sat Jun 11, 2016 8:04 am
Forum: Personal Consumer Issues
Topic: Is it worth it for us to purchase an umbrella policy?
Replies: 47
Views: 4213

Re: Is it worth it for us to purchase an umbrella policy?

We have a $5 million umbrella for $420 a year.

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