Search found 576 matches

by miamivice
Thu Oct 12, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Corporate wellness program earnings deducted from paycheck
Replies: 7
Views: 752

Re: Corporate wellness program earnings deducted from paycheck

Our wellness program either deposits money into our HSA or for people who don't have an HDHP plan they get the extra in their paycheck. It is truly extra money in our case. Mine was the same, this seems crazy. I would resume smoking until HR can explain it to you. I wouldn't recommend resuming smok...
by miamivice
Wed Sep 20, 2017 10:27 pm
Forum: Personal Consumer Issues
Topic: Should I even bother with buying a school picture?
Replies: 39
Views: 2933

Re: Should I even bother with buying a school picture?

I believe they distribute your child's pictures in class. Your child will probably be heartbroken if all of his classmates get pictures but he gets none.

If nothing else, for the sake of your child's ego, buy a small package. The joy it will bring to your child is worth the small cost.
by miamivice
Mon Sep 18, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: 529 help for an investing newbie
Replies: 4
Views: 452

Re: 529 help for an investing newbie

College, and college picking, is a long ways off, but I would encourage you to not focus much on public versus private and in state versus out of state at this time. As time goes on, you'll go through periods that you are confident your child will grow up to be amazing, as well as periods of doubt. ...
by miamivice
Sat Sep 16, 2017 6:40 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18319

Re: Is it really Worth it to brown bag your lunch at work?

Folks, I really do not care whether people choose to brown bag their lunches and/or drive an old used car. But, the problem I have is some folks claimed that they are frugal because they brown bag their lunches and drive an old used car. And, they try to lecture me on how I should save money. The t...
by miamivice
Tue Sep 12, 2017 10:20 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18319

Re: Is it really Worth it to brown bag your lunch at work?

It really depends on how much you make. Right after college, I took a temp job before starting my career. I was paid something like $1 an hour, or about $70 a day after taxes. Spending $10 or $15 to go out to eat was a large part of my earnings, so it was valuable then. Once I started my actually ca...
by miamivice
Sat Sep 09, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by miamivice
Sat Sep 09, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by miamivice
Sat Sep 09, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by miamivice
Sat Sep 09, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by miamivice
Sat Sep 09, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8552

Re: Protecting moms assets from nursing home expenses

I've posted this on threads before, but it's worth posting here. From having a relative in a nursing home for many years due to stroke (paid for from her assets, no Medicaid involved), my family learned a few things. One of the best things about paying your own nursing home care is you can pick out ...
by miamivice
Sat Sep 09, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by miamivice
Sat Sep 09, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Re: Thinking about accepting new job that pays a bit less

Thanks for your response. As to retirement age, I'll retire when I have enough money to retire. I don't think it's purposely now to try to plan on a specific age when we don't know what the stock market will do, or how much I will spend in retirement, etc. I think that I'll probably end up being abl...
by miamivice
Sat Sep 09, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: First Class Stamps on Large Packages
Replies: 26
Views: 1794

Re: First Class Stamps on Large Packages

You can do what you are asking. I've done it before.
by miamivice
Sat Sep 09, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2208

Thinking about accepting new job that pays a bit less

I'm seriously thinking about taking on a different role at my megacorp, one that involves less business travel but also pays about $30,000 less. I would like to spend the time to focus on family and personal endeavors, as well as doing a better job of maintaining my personal health. I am wondering i...
by miamivice
Thu Sep 07, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5733

Re: Wife believes 7+% returns from stock market are guaranteed

I'm with your wife.

It doesn't make sense to me to pay cash when mortgage rates are low, plus you get a deduction on your taxes.

Historically stocks return 8%. Sometimes they return more and sometimes less, but they'll probably do better than 4% over the next 30 years.
by miamivice
Fri Sep 01, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4527

Re: Robert Kiyosaki - rich dad, poor dad

I read (about 75%) of his Rich Dad / Poor Dad book when I was in college. My impression is that there was a secret that he had to make a lot of money, but he didn't reveal the secret in the first 75% of the book. It had something to do with leverage and housing but I couldn't figure it out, and fina...
by miamivice
Thu Aug 31, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another Chemical Engineer salary history
Replies: 14
Views: 2479

Re: Another Chemical Engineer salary history

There are a couple issues with consulting in the engineering profession: 1) You need a professional engineering license. (Just like lawyers, doctors, and hair stylists, engineering is a licensed profession that requires a license to provide engineering services to the general public) Getting one is ...
by miamivice
Wed Aug 30, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Concerns about under/over funding 529
Replies: 16
Views: 1423

Re: Concerns about under/over funding 529

Here is my 529 strategy. It's a bit complex. When my wife was pregnant with our kids, I looked up the cost of college for a variety of schools in my state as well as neighboring states, and put them in a spreadsheet. I then set aside enough money in a 529 to pay for the 75% of the 4 year cost of att...
by miamivice
Sun Aug 27, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Salary History for Chemical Engineer
Replies: 30
Views: 4925

Re: Salary History for Chemical Engineer

I'm not sure how this is actionable. Do the best you can at your work, and the rest will be history. About the only thing you have in your control is which company you choose to work for, or in the case of a megacorp, which particular role in the company that you do. There are a lot of non-financial...
by miamivice
Fri Aug 25, 2017 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Employer reimbursement for plugin hybrid charge cost?
Replies: 14
Views: 1383

Re: Employer reimbursement for plugin hybrid charge cost?

It doesn't make sense to me why a company reimburses actual gas receipts instead of mileage. Well, I guess that makes sense for the company. It doesn't make sense to me as an employee. I could see it being somewhat more beneficial to the employee in the situation that the OP described, a highly con...
by miamivice
Fri Aug 25, 2017 2:26 am
Forum: Personal Consumer Issues
Topic: Can dispute an expensive medical bill
Replies: 39
Views: 2874

Re: Can dispute an expensive medical bill

I can confirm three things:

1) I have never had an ultrasound done on my eye
2) No doctor would perform an ultrasound without asking for my permission first.
3) Routine eye exams don't cost $30.
by miamivice
Thu Aug 24, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Employer reimbursement for plugin hybrid charge cost?
Replies: 14
Views: 1383

Re: Employer reimbursement for plugin hybrid charge cost?

It doesn't make sense to me why a company reimburses actual gas receipts instead of mileage.

Well, I guess that makes sense for the company. It doesn't make sense to me as an employee.
by miamivice
Wed Aug 23, 2017 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Paying for college with 529 money
Replies: 14
Views: 1039

Paying for college with 529 money

For those who have 529/taxable/etc accounts with big balances, how exactly do you offer it to your kids for paying for college? For example, do you just say, "hey son, we saved up $75,000 for your education. Go wherever you want, but you're on the hook for everything after $75,000". Or do you look a...
by miamivice
Thu Aug 17, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 16
Views: 1176

Re: Percent of retirement income from fixed sources?

Your thread title asks a different question than you do in the text. The title asks about fixed income as a percentage of retirement income. The text asks about fixed income as a percentage of retirement expenses. It appears the latter is what you are really interested in. We are among the lucky (a...
by miamivice
Thu Aug 17, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 16
Views: 1176

Re: Percent of retirement income from fixed sources?

Usually people planning for retirement with SS and pensions do not have daycare on the list like it is current or very recent. I'm many years from retirement. (Probably 17? Maybe 22?). However, I don't see a rule that says someone 17 or 22 years from retirement can't do some retirement planning.......
by miamivice
Thu Aug 17, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 11
Views: 979

Re: Should we pay off the house before the baby arrives?

I would not. You will find your expenses after birth increase greatly, either through lack of 1 spouse's income or extra cost of child care. And these costs keep going and going and going. I would find having an ample taxable account would be good peace of mind, so if I worried about job loss, etc, ...
by miamivice
Thu Aug 17, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....UPDATE
Replies: 34
Views: 2121

Re: ABS light, and OBD II scanners.....

I'd fix it if you don't mind spending a grand or two fixing it. For reference, the Phoenix car that I owned also had a problem with the air conditioning (it failed one day). I drove around Phoenix in 115 degree heat with no air conditioning, to save cost. Soon after I sold the car and replaced it, w...
by miamivice
Thu Aug 17, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....UPDATE
Replies: 34
Views: 2121

Re: ABS light, and OBD II scanners.....

Do you need ABS? I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away. Yeah, I need it! Disabling (or not f...
by miamivice
Thu Aug 17, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....UPDATE
Replies: 34
Views: 2121

Re: ABS light, and OBD II scanners.....

To answer your original question, ABS is a pretty simple system. Not a whole lot to go wrong. It could be a bad wheel speed sensor. There are four of them, one on each tire. They're generally cheap (maybe $35 or $50) and often not hard to replace. On some vehicles you have to replace the whole wheel...
by miamivice
Thu Aug 17, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 16
Views: 1176

Re: Percent of retirement income from fixed sources?

Our fixed income is about the same as yours, and completely covers all non-discretionary spending. So almost all our income from savings is used for travel, hobbies, away from home meals, and entertainment. Thinking about season's tickets to Dallas Cowboys games. It's a comfortable, non-stressful l...
by miamivice
Thu Aug 17, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....UPDATE
Replies: 34
Views: 2121

Re: ABS light, and OBD II scanners.....

Do you need ABS? I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away. Yeah, I need it! Disabling (or not f...
by miamivice
Thu Aug 17, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 16
Views: 1176

Percent of retirement expenses from fixed sources?

I've been doing a bit of retirement planning this week. It looks to me that we'll have about $70,000 a year (today's dollars) in retirement income during our golden years: His Fixed Retirement Income Pension - $1200/month Social Security - $2500/month Her Fixed Retirement Income Pension - $1500/mont...
by miamivice
Thu Aug 17, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....UPDATE
Replies: 34
Views: 2121

Re: ABS light, and OBD II scanners.....

Do you need ABS?

I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away.
by miamivice
Thu Aug 17, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1395

Re: Paying directly for damage caused to someone else's car

Call your insurance, they will explain to you more and more skillfully. I think you are not the first one to fall into this situation. When I did this, 20 yeas ago, I was given the same advice as on this board. Go ahead and pay the other party directly but have them sign a release of liability at t...
by miamivice
Thu Aug 17, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1395

Re: Paying directly for damage caused to someone else's car

First of all, I don't get why folks don't want to use insurance. As others pointed out, there is no deductible. My family has (sadly) been involved in multiple at fault accidents, and the amount they raise insurance is virtually zero. I think my insurance went up $100/6 months after I got into an ac...
by miamivice
Wed Aug 16, 2017 1:44 am
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 187
Views: 11857

Re: Postal Service -- "informed delivery"

I'm still chuckling at the notion that using the service to compare the mail that I did receive versus the mail I should have received on a daily basis is a good use of my time.
by miamivice
Tue Aug 15, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 3446

Re: What kind of hotel do you get on business travel?

TIAX wrote:
Tue Aug 15, 2017 9:27 pm
miamivice wrote:
Tue Aug 15, 2017 2:01 am
Of course, my preferences don't factor in to where my company puts me up, and I stay where they want me to stay.
You don't pick your hotel?
Nope.
by miamivice
Tue Aug 15, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 187
Views: 11857

Re: Postal Service -- "informed delivery"

I appreciate the information and signed up for the service since it sounded interesting.

With that said, I sincerely do not have the time to compare the letters received each day to the scanned images to make sure nothing is missing....
by miamivice
Tue Aug 15, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Spending help: Best use for $800 per month ?
Replies: 18
Views: 1687

Re: Spending help: Best use for $800 per month ?

I like this thread. I have proposed to my wife that I become a stay at home dad but keep our kids in daycare. (Firecalc says we can do this). She just laughs at the idea. Also, kids in daycare turn out just fine. The statement above that daycare kids turn out differently is not supported by research...
by miamivice
Tue Aug 15, 2017 2:01 am
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 3446

What kind of hotel do you get on business travel?

I seem to be doing my fair share of business travel these days. I'm wondering what kind of hotel do you normally get when you go on business travel? I think most of us expect to do better than Motel 6 / Super 8, but don't normally expect luxury hotels like 4 Seasons. Which ones do you normally get s...
by miamivice
Fri Aug 11, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Computerized car maintainance records or service history?
Replies: 5
Views: 592

Re: Computerized car maintainance records or service history?

I think it's just dealers although I haven't looked into it.

I consider it to be an invasion of privacy. There is no reason a public record needs to be created for each and every oil change on a particular vehicle.
by miamivice
Fri Aug 11, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Problem with Vanguard Account Profile-% of Completion
Replies: 5
Views: 753

Vanguard profile only 50% complete!

I just logged into Vanguard and it told me my profile is only 50% complete! I have been a Vanguard member for 12 years and am nearing Flagship status, yet I have a halfway completed profile. :confused Anyone else see this, and are you as annoyed as I am? (Looking at the remainder of items I need to ...
by miamivice
Fri Aug 11, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Elite status clubs that you are part of?
Replies: 31
Views: 3421

Elite status clubs that you are part of?

Are there any elite status clubs that you are part of?

For example, Hilton Hhonors, Marriott Rewards, Vanguard Flagship, etc, etc, etc.

What benefits do you get from your elite status membership?
by miamivice
Fri Aug 11, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3438

Re: Can a salaried employee be docked pay...

I'm asking regarding a friend, this is the language I keep reading: "Being paid on a “salary basis” means an employee regularly receives a predetermined amount of compensation each pay period. The predetermined amount cannot be reduced because of variations in the quality or quantity of the employe...
by miamivice
Wed Aug 09, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on Empty Lot
Replies: 10
Views: 924

Re: Insurance on Empty Lot

would the lot necessitate some form of 'no trespassing' sign to protect the owner if someone hurt themselves on the property somehow? (a kid playing w/ friends etc) No trepassing signs will not reduce your liability in the event that a kid playing with friends was injured and the landowner was foun...
by miamivice
Wed Aug 09, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on Empty Lot
Replies: 10
Views: 924

Re: Insurance on Empty Lot

As others said, your existing homeowners policy (and umbrella insurance policy, if applicable) will likely cover liability. Just ask your insurance agent.
by miamivice
Wed Aug 09, 2017 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Backpack qualified expense for 529 plan?
Replies: 19
Views: 1551

Re: Backpack qualified expense for 529 plan?

I can give you my opinion, but it doesn't count. The US Tax Court is the entity whose opinion matters in this particular instance. You can research the tax court rulings on qualified expenses for 529 plans. You can review one Tax Court case here: https://www.ustaxcourt.gov/UstcInOp/OpinionViewer.asp...
by miamivice
Mon Aug 07, 2017 10:08 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2567

Re: Las Vegas Slot Machine Strategy (maximize entertainment value)

runner3081 wrote:I know they aren't slots, but I greatly prefer video poker to slots. Money seems to go on longer and it takes more time with some thought involved.
Actually, video poker are slot machines in disguise. I can't really explain but it's what I've read.
by miamivice
Mon Aug 07, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2567

Las Vegas Slot Machine Strategy (maximize entertainment value)

I'm posting this in the Personal Consumer Issues (how we spend our money) because I consider playing the slot machine to be consumptive entertainment, not a practical way to make your assets grow. I'm curious for suggestions on how to get the most bang for my slot machine buck. Basically, I have fou...
by miamivice
Thu Aug 03, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: buy private party used car - bank of america to exchange?
Replies: 8
Views: 861

Re: buy private party used car - bank of america to exchange?

I once did this for a car, although with Wells Fargo. Selling party was very dubious about whether it worked but after about four or five assurances from Wells Fargo, she handed the title over to us.