Search found 180 matches

by jlcnuke
Wed Jun 21, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall inheritance and new home
Replies: 20
Views: 1573

Re: Windfall inheritance and new home

With your inheritance (estimated at $6M) plus your current investments, you should be able to comfortably (3.5% withdrawal rate) take out ~$320k/year. Use $900k for a home and that drops to ~$294k/year. If you can scrape by on whatever that increases to in another 10 years then a $900k home seems to...
by jlcnuke
Mon Jun 19, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: When do you reduce or stop disability insurance coverage
Replies: 11
Views: 836

Re: When do you reduce or stop disability insurance coverage

IMO, anyone who is financially independent does not require disability insurance. For everyone else, long-term disability insurance is a must and short-term disability insurance is a must unless they have another option to cover the short-term loss of income (i.e. sufficient emergency funds).
by jlcnuke
Thu Jun 15, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Am I too far into the rabbit hole? (email with Gmail)
Replies: 29
Views: 3789

Re: Am I too far into the rabbit hole? (email with Gmail)

Okay... here's my take A. The 4th Amendment has absolutely nothing to do with Google etc collecting your browsing/email/etc information. B. What are you worried about? That Google might make it easier for someone to place an ad that will cause you to gain interest in buying something? That Google is...
by jlcnuke
Thu Jun 15, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Started a new job - Need advice on health insurance
Replies: 17
Views: 883

Re: Started a new job - Need advice on health insurance

WIth that info, you can evaluate what would the total cost to you be given: a. Only using annual physicals and any other planned "routine" medical care? b. If one of the three of you had significant medical costs in a given year (kid breaks arm falling etc)? c. Significant medical costs c...
by jlcnuke
Thu Jun 15, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Started a new job - Need advice on health insurance
Replies: 17
Views: 883

Re: Started a new job - Need advice on health insurance

Yeah, a name and price doesn't give nearly enough information to evaluated what would be better for a given person. For each plan, you should know: What are the coverage limits (if any)? What are the deductibles? What are the out of pocket maximums? What percentage of each type of treatment is cover...
by jlcnuke
Wed Jun 14, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year Mortgage from Navy Federal Credit Union
Replies: 10
Views: 1193

Re: 30 Year Mortgage from Navy Federal Credit Union

I know at least 3 of us that had to scramble to get a mortgage elsewhere because NFCU denied the mortgage "out of the blue" at the last minute. I had 1 negative on my credit report (utility company billed me for 5 months of electricity after I cancelled my service), ended up paying it to s...
by jlcnuke
Wed Jun 14, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: I'm going to be rich! [Fidelity retirement planner]
Replies: 31
Views: 5200

Re: I'm going to be rich!

in 2080


in 2080

2080...


I'll be long dead by then lol
by jlcnuke
Wed Jun 14, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4538

Re: Help My Mother "Survive"?

I'm not sure exactly what your financial situation is, but when facing a potential "net zero" or "possibly negative" monthly income for my parents, the solution we came up with was that I'd buy a house that they'd live in/maintain for me. They put the down payment down and I pay ...
by jlcnuke
Tue Jun 13, 2017 8:10 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 74
Views: 2993

Re: How many tech devices do you have?

Just me -

1 smartphone in use
1 smartphone as a backup (my old one)
1 desktop computer with 4 monitors
1 laptop
1 2-in-1 laptop/tablet
1 xbox one
1 smart tv
1 Roku
1 NAS
1 wifi 4-in-one printer
by jlcnuke
Tue Jun 13, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 7356

Re: What Do You Pay for an Oil Change?

~$24 gets my oil and filter change done for me while I get some grocery shopping done across the parking lot ($18.99 + a bit extra for the extra qt above the "5 qt included", plus taxes). Doing it myself would take me ~20 minutes of my time and save me about $4 if I got my oil/filter on sa...
by jlcnuke
Tue Jun 13, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5624

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

Always turn it around: "My employer would prefer that I not share this information and I would like to respect those wishes. What is the compensation range for the position?" I would avoid making any statement that would not be truthful when trying to get a position with a new company, so...
by jlcnuke
Tue Jun 13, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5624

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

Well, I'd first ask "what kind of 'peer' was it in the interview"? I'm not "management" in my workplace, but I'm often asked to be in on interviews for people in my department. In those, I'm often the primary person doing the interview and my opinions on whether to hire someone ...
by jlcnuke
Tue Jun 13, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5624

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

Well, I'd first ask "what kind of 'peer' was it in the interview"? I'm not "management" in my workplace, but I'm often asked to be in on interviews for people in my department. In those, I'm often the primary person doing the interview and my opinions on whether to hire someone o...
by jlcnuke
Mon Jun 12, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 16836

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

Folks, This is my worst-case retirement scenario. Please review and criticize. 1) Retire at 54 years old with a portfolio of 1 million and the AA of 60/40 2) 300K Mortgage. 6 years into 30 years 3.49% fixed rate mortgage. 3) Taxable/Roth/Tax-deferred 45/10/45 4) Annual expense = 60K with the mortga...
by jlcnuke
Mon Jun 12, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Advance career or take more time off in late 30s?
Replies: 15
Views: 1763

Re: Advance career or take more time off in late 30s?

You were looking for a new job for a reason.. you don't mention the rationale that led you to speak to the second company about getting a new job though. IMO, by the time someone is actually interviewing at other companies and getting job offers they've already decided to leave their current employe...
by jlcnuke
Fri Jun 09, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Recession Planning
Replies: 35
Views: 2468

Re: Recession Planning

Recession - do nothing different initially, maintain asset allocation and continue to invest. Then evaluate if there are any different investment opportunities afforded by the situation (2009-2010 would have been a good time to consider real estate investments in many areas for instance). Job loss f...
by jlcnuke
Thu Jun 08, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Chase hotel credit cards / IHG Anniversary Free Night
Replies: 28
Views: 2217

Re: Chase hotel credit cards / IHG Anniversary Free Night

I just looked to see if there were charges showing up to book free nights and don't see any for the Intercontinental Times Square, Crown Plaza Times Square etc for July 10-11. Everything still showing "Free" for me...
by jlcnuke
Thu Jun 08, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Housing is too expensive.
Replies: 49
Views: 6152

Re: Housing is too expensive.

Those numbers were apparently for the "biggest" city (didn't say which). Either way, overall housing costs for many countries in Europe is much higher on average than overall housing costs for the US. IF you look at "price in real terms" here you'll see that while our prices had ...
by jlcnuke
Thu Jun 08, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Housing is too expensive.
Replies: 49
Views: 6152

Re: Housing is too expensive.

Compared to the rest of the world housing in the U.S.is cheap. Even in the HCOL areas. As the world becomes smaller maybe U.S. prices will continue to rise until they are just as expensive as other counties. What are you talking about? What exactly is your definition of "the rest of the world&...
by jlcnuke
Mon May 22, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?
Replies: 21
Views: 1222

Re: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?

As a general rule, for an "in/out" real estate transaction (includes buying and selling), I assume a 8-10% loss in transaction fees for a normal residential buy/sell. Two years is unlikely to do much to ease that burden unless the market there appreciates rapidly moving forward. Is he will...
by jlcnuke
Sun May 21, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 45
Views: 4186

Re: Has anyone tried Orangetheory Fitness

I have one friend that is addicted to it. Apparently, most of the people who try it really like it. The results they get are worth it to them. I imagine every location is different though since the "people" seem to be as much of what they enjoy about it as the actual classes/physical resul...
by jlcnuke
Thu May 18, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5098

Re: Tipping at All Inclusive Resort?

If the AI says that tips are included, I'll tip bartenders/waiters/waitresses IF it's busy and I'd prefer faster service. Beyond that, to me, all inclusive is all inclusive.
by jlcnuke
Thu May 18, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Learning how to spend
Replies: 27
Views: 2599

Re: Learning how to spend

IMO, you need to decide what your goals are. If your goal is to work until you're in your 50's and can collect your pensions, then you're doing great on that front. If your goal is to die with a lot of money, you also seem to be doing great. If your goal is to maximize your happiness while you're al...
by jlcnuke
Thu May 18, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Not sure where we stand for our age and situation
Replies: 3
Views: 845

Re: Not sure where we stand for our age and situation

It looks to me like you're doing quite well. I'd personally prioritize getting your emergency savings established over paying off the current loans, but that is a personal preference. Many people here would suggest you go ahead and use your Roth's as your emergency savings vehicle as well. I don't, ...
by jlcnuke
Tue May 16, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3404

Re: How to stay on a budget?

My budget sheet has 2 columns for each category- Estimated and Actual. This allows me to include a feedback loop in my budgeting process. I make a budget, then I track how well I stick to it. Thus I can adjust my budget (to include spending I missed or underestimated) and I can also adjust my spendi...
by jlcnuke
Mon May 15, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: What home improvements are worth it
Replies: 37
Views: 5508

Re: What home improvements are worth it

Honestly, the ones you should do are the ones that you will enjoy. When talking home renovations of any kind, the "Average" return on investment is less than 100%. That means you'll get back less than you spend on it. From a purely financial standpoint, that means pretty much none are &qu...
by jlcnuke
Sun May 14, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Help convince me it's okay (or not): new vehicle
Replies: 30
Views: 2609

Re: Help convince me it's okay (or not): new vehicle

While not true "all the time", it has been my experience that major repairs rarely surface suddenly (and I say this despite having a friends Kia need the engine recall/replacement in the past month). I traded in my last car about 2 months after the transmission started to periodically act ...
by jlcnuke
Fri May 12, 2017 5:40 am
Forum: Personal Finance (Not Investing)
Topic: What home improvements are worth it
Replies: 37
Views: 5508

Re: What home improvements are worth it

We started the yard work, and turns out the initial estimate is off by 50%, at the least :oops: In construction you always double the cost and triple the time estimate, or is that triple the cost and double the time... Do it yourself and you can cut the cost by at least 1/2, though you'll probably ...
by jlcnuke
Fri May 12, 2017 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

I'm not sure I would buy a BMW outright, as comments about maintenance are very true. The engines are high performance (including both the V6 and V8's) Sorry to nitpick, but there are no V6 engines in the BMW lineup, and I don't believe there ever have been. However, the inline 6 that was in mine w...
by jlcnuke
Thu May 11, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with new offer Vs. current position
Replies: 12
Views: 1421

Re: Struggling with new offer Vs. current position

You went and interviewed with them for a reason... that generally means that you'd prefer to be elsewhere and they want to give you a position that pays better and gives you career progression you desire. That sounds like a win to me.
by jlcnuke
Thu May 11, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Multiple savings accounts for security and withdrawal limits?
Replies: 6
Views: 444

Re: Multiple savings accounts for security and withdrawal limits?

Hi all, I'm finally rolling with both my savings and primary checking at Ally (secondary checking with just enough cash at WF for ATM and branch benefits but no fees). One annoyance is the handful of expenses I have that, for various reasons, are "best" suited to be directly pulled from a...
by jlcnuke
Wed May 10, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

Are you giving a reasonably large amount to charities? I wouldn't be spending $60k on a car unless I was already giving a serious chunk of money annually to worthy charities. Something to consider before dropping a large amount on something like this. I think it's great that you're apparently very ...
by jlcnuke
Wed May 10, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Employer health insurance - traditional vs. high deductible
Replies: 17
Views: 1172

Re: Employer health insurance - traditional vs. high deductible

One thing to keep in mind is that with the PPO the deductible is likely per person and a separate family deductible. However, your high deductible plan, if like ours the deductible will be the family one since you will be on a family plan. The individual deductible may not apply because you do not ...
by jlcnuke
Wed May 10, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Employer health insurance - traditional vs. high deductible
Replies: 17
Views: 1172

Re: Employer health insurance - traditional vs. high deductible

One big shocker I had when I tried out an HDHP plan after being used to a PPO was prescriptions. If you have any ongoing prescriptions then you are used to having copays on, then you may be surprised at how much these cost on an HDHP. I am talking $20 copay turning into a $500 cost, and stuff like ...
by jlcnuke
Wed May 10, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Employer health insurance - traditional vs. high deductible
Replies: 17
Views: 1172

Re: Employer health insurance - traditional vs. high deductible

I agree with the above, run the numbers for scenarios ranging from worst case to best case for each plan and see how they stack up. I'm also in disbelief that the premiums for your HDHP costs more than the PPO. My choice was pretty simple as the premiums for our PPO plan alone were 80% of the combin...
by jlcnuke
Wed May 10, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

Are you giving a reasonably large amount to charities? I wouldn't be spending $60k on a car unless I was already giving a serious chunk of money annually to worthy charities. Something to consider before dropping a large amount on something like this. I think it's great that you're apparently very ...
by jlcnuke
Wed May 10, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What home improvements are worth it
Replies: 37
Views: 5508

Re: What home improvements are worth it

Honestly, the ones you should do are the ones that you will enjoy. When talking home renovations of any kind, the "Average" return on investment is less than 100%. That means you'll get back less than you spend on it. From a purely financial standpoint, that means pretty much none are &quo...
by jlcnuke
Wed May 10, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Job choice
Replies: 18
Views: 1813

Re: Job choice

As others have noted, this is about more than finances. It's primarily a priorities decision. 1. Stay where I am, continue making 160k in good years for 75 hours a week (there is no option to drop the amount of hours). Is making more money worth that much of your time? 2. Go to competitor for 100k f...
by jlcnuke
Tue May 09, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4659

Re: What newspaper or magazine do you pay for?

None. I can get all the articles/information I want for free online.
by jlcnuke
Tue May 09, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Question about re-gifting a gift for tax purposes
Replies: 13
Views: 695

Re: Question about re-gifting a gift for tax purposes

Hi all, I have a question related to the $14,000 annual gift tax exclusion. My wife and I want to make a large gift of stock to our son this year. Obviously we can give $14k each for $28k total, but we want to give $40k. I was thinking to gift the final $12k to my brother, who could then re-gift it...
by jlcnuke
Tue May 09, 2017 6:55 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 71
Views: 7505

Re: How do Bogleheads buy cars?

I buy cars that are 1-2 years old with less than 30,000 miles. I also only buy cars that I enjoy/find comfortable. My current car is a 2010 Infiniti G37 sedan. I bought it in 2011 and financed everything but the trade-in (my previous car, the 2002 BMW 330i that I got in 2004 with 26k miles on it). W...
by jlcnuke
Tue May 09, 2017 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial Road Going Forward - What are we doing wrong?
Replies: 13
Views: 2106

Re: Financial Road Going Forward - What are we doing wrong?

Let's see if I have this right, current savings/investments annually consist of: 1. $18k 401k him 2. $18k 401k her 3. $5.5k IRA nondeductible 4. $48k taxable brokerage 5. $12k college fund 6. $18k private school fund For a total of $119.5k being saved each year going forward on a gross income of ~$2...
by jlcnuke
Tue May 09, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Retired - How much can I afford to pay for house
Replies: 12
Views: 1760

Re: Retired - How much can I afford to pay for house

You can afford to give away half your portfolio AND buy a $400k house without any stress imo.
by jlcnuke
Wed May 03, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3563

Re: Do you know exactly what % of income you spend?

I save ~33-36% of my gross pay each year (savings rate fluctuates upward as I work more hours). The rest pays for taxes and spending. So about 2/3rds of my gross pay. If I don't count taxes and it's a little under 50%.
by jlcnuke
Wed May 03, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

Can you afford it? I doubt anybody is going to say no. Should you? I wouldn't, but I am one who views cars as appliances. This is a decision which isn't really about money (there is plenty). OK, I will say "NO, you cannot afford it" 4 kids and $12,000 per year total into college savings??...
by jlcnuke
Wed May 03, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 3440

Re: Is 401k loan really a bad idea?

I have done the math, but if you'd like an example. the interest at 4% on a 5 year $50k loan will cost over $5k total. At a 25% tax rate that's over $1k in taxes paid. Now, for many people that's chump change. For me, I'm not a fan of throwing away a thousand bucks or more, that would be something ...
by jlcnuke
Wed May 03, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

At your income level your savings rate is not very high. Unless you are leaving out IRAs and brokerage accounts, you are nowhere near financial Independence. Until then, I would hold off. A 36% savings rate is "not very high"? I guess that's one opinion. I'd say it's a very healthy saving...
by jlcnuke
Wed May 03, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 3440

Re: Is 401k loan really a bad idea?

I have done the math, but if you'd like an example. the interest at 4% on a 5 year $50k loan will cost over $5k total. At a 25% tax rate that's over $1k in taxes paid. Now, for many people that's chump change. For me, I'm not a fan of throwing away a thousand bucks or more, that would be something ...
by jlcnuke
Wed May 03, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18339

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

I'm pretty sure I've posted this sentiment before, but here it is again. You earn your money. IMO, to be responsible with it you need to: 1. Pay yourself (save and invest such that you have a reasonable chance of achieving the financial security you want at the age you would like to have it). 2. Pay...
by jlcnuke
Wed May 03, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 3440

Re: Is 401k loan really a bad idea?

Part of the repayment is double taxed, even taking into account the "net zero tax effect on the principal", you understand that right? I find it to be a negative, so I responded to the thread discussing negatives of 401k loans. It was as simple as that. To me, it's "steep". To y...

Go to advanced search