Search found 606 matches

by monkey_business
Thu Jun 07, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification on MAGI and Roth IRA Income Limits
Replies: 5
Views: 438

Clarification on MAGI and Roth IRA Income Limits

The current income limits for Roth IRA contributions are $133,000 for individuals. Incomes above this level are not eligible for Roth contributions. Further, starting at $120,000, the $5,500 (for those under 50) limit begins to decrease gradually until you hit $133,000. The income in this case is Mo...
by monkey_business
Thu Jun 07, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8854

Re: Indexing will fail investors in next decade

First time I've ever seen somebody recommend investing in water. Not sure how I would do that. Do I need my own water tower or can I pay a reservoir to store some for me. Who knows; it's not like that stuff just falls from the sky for free. Taking investors for my new crypto currency based on water...
by monkey_business
Tue May 22, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2549

Re: Time For New Car?

Lots of different opinions, very good discussion so far. I was intending the question to sort of segue into a general "when should you get a new car" discussion, which I think this is becoming. In case anyone was wondering, the car has been maintained properly and never abused. Just seems like a bel...
by monkey_business
Mon May 21, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2549

Time For New Car?

I currently have an '06 Acura with almost 120,000 miles. The car has overall been reliable, in the sense that it never broke down or left me stranded anywhere. However, it has had a fair share of random repairs that have popped up during the last few years. Namely: - Replaced alternator - Replaced d...
by monkey_business
Sun May 20, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12335

Re: how do you tip on wine at a restaurant

If you are not willing to tip the customary 15%+ on a meal, don't go to a restaurant. I am amazed at the mental gymnastics people are doing to justify not giving the proper tip. It's fine if you think the tipping system in the US is bad. No problem. Just don't take it out on the wait staff. Stay hom...
by monkey_business
Fri May 04, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15647

Re: How do you know when you have "won the game"?

When your bond allocation is sufficient to cover 30 years of retirement. I'm 42. How does this rule possibly fit me? For you the rule is 60 years. The chances of a 42 year old to live to 102 is less than 0.4% (https://personal.vanguard.com/us/insights/retirement/plan-for-a-long-retirement-tool). Se...
by monkey_business
Wed Apr 11, 2018 11:50 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 278
Views: 39799

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Does this affect the Civic and Accord engines as well? The 1.5L turbo engine is used in those vehicles as well, albeit with some modifications.
by monkey_business
Wed Apr 11, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Honda reliability slipping?
Replies: 31
Views: 3980

Re: Honda reliability slipping?

What is going on with reliability right now, is auto makers trying to get better mpg. So as to meet future EPA requirements. This has been a factor in reducing reliability. Turbo-charging for instance adds a lot of complexity, cost and likely future repairs to a car. They do get a little better mpg...
by monkey_business
Wed Apr 04, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5880

Re: 2018 Camry. What's wrong with me?

Last weekend I test drove a 2018 Camry. After the drive I walked away feeling numbed. It seemed the new Camry didn't instill any sense of emotions into me. No wows. No oohs. Nothing. It was a nice compliant drive but lacking any connections and excitement. Could it be that I already set up myself f...
by monkey_business
Wed Apr 04, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5880

Re: 2018 Camry. What's wrong with me?

William4u wrote:
Wed Apr 04, 2018 4:34 am
It sounds like you might want an impossible combination of a Camry and a BMW, with all the Camry goodness plus a great driving experience.

You will need to compromise somewhere.
No compromise needed. The new Toyota Supra is a collaboration between Toyota and BMW.

You're welcome :beer
by monkey_business
Wed Apr 04, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11030

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

Don't you guys know how the internet works? Here is the internet frugality rule:

Everyone that saves less than you is a consumerist spendthrift. Everyone that saves more than you is a sad miser.
by monkey_business
Mon Apr 02, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 10201

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

Don't confuse blockchain with Bitcoin. Blockchain is a technology, Bitcoin (and other cryptocurrencies) are specific implementations of blockchain. Buying Bitcoin because you think blockchain will be huge is like having bought Pets.com stock because you thought the Internet was going to be big. Exa...
by monkey_business
Wed Feb 14, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 119
Views: 11322

Re: Honda vs. Toyota: Which has more bang for the buck?

I think the two brands appeal to different audiences. I would classify them as follows: Honda - higher focus on performance and driving dynamics (more sporty), higher focus on design, more willing to take risks, more high tech Toyota - higher focus on reliability, conservative approach to new tech, ...
by monkey_business
Wed Jan 31, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6359

Re: New car - how much can we afford?

30 years old saving $60k a year and $550k in assets and you want to buy a nice second hand car. You could buy a new $50k Lexus/Audi and be just fine. This board is too much sometimes lol. Don't you know? The Bogleheads only approve of the following car choices: 1. Used Toyota/Honda 2. New Tesla/Por...
by monkey_business
Sat Jan 20, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 4245

Re: How to overcome the fear of spending money? (Buying a car)

lazydavid wrote:
Sat Jan 20, 2018 2:00 pm
Prov227 wrote:
Sat Jan 20, 2018 1:36 pm
The important question is, will it be a Miata RF? The RF, with the top up, might be the sexist thing on the planet.
Sorry, that honor is already held by the Jaguar F-Type :mrgreen:
+1000

That Jag is gorgeous.
by monkey_business
Fri Jan 19, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4760

Re: Buying a car?

If safety is one of the top concerns, I would recommend getting a 2017+ Corolla. Corollas prior to 2017 have not done well in the IIHS small overlap crash tests:

http://www.iihs.org/iihs/ratings/vehicl ... sedan/2016
by monkey_business
Thu Jan 18, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 151
Views: 15293

Re: What is the best home exercise equipment?

It's hard to answer what equipment you should buy without knowing your goals. Are you simply trying to elevate your heart rate and just exercise for general health? Are you pursuing a performance goal? Are you after weight loss? Strength gain? Different tools for different jobs...
by monkey_business
Thu Jan 18, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 4245

Re: How to overcome the fear of spending money? (Buying a car)

Get the car, for crying out loud.

If you genuinely like cars and the Miata will give you enjoyment, I don't see a reason not to get it in your (OP) situation. What are you waiting for, until you're too old or sick to get into a sports car and the problem solves itself?
by monkey_business
Thu Jan 11, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: Kenmore Washer Dryer
Replies: 29
Views: 1746

Re: Kenmore Washer Dryer

Life is full of trade-offs. I will gladly pay more for my water bill (a whopping $2.33/month based on our usage @ 20 gallons/load) to have a quality machine that cleans well, and lasts. That's what they told about Hummers and I don't see any on the roads these days. Anything that's not efficient wi...
by monkey_business
Thu Jan 11, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Help choosing a hatchback- civic, golf, prius and Volvo V60
Replies: 40
Views: 2560

Re: Help choosing a hatchback- civic, golf, prius and Volvo V60

The Civic hatch is tough to beat. The performance and economy ratio is excellent. Another car to look at is the Infiniti QX30. It's a "crossover" but actually is more of a slightly raised hatchback. It comes with a Mercedes powertrain and chassis from the GLA. You can get the top trim Sport, 1 year ...
by monkey_business
Thu Jan 11, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Kenmore Washer Dryer
Replies: 29
Views: 1746

Re: Kenmore Washer Dryer

Regarding Speed Queen, they just released redesigned top-load washers that, based on preliminary reviews, do not wash as well as the tried and true agitators they're known for. If you are interested in Speed Queen, I would suggest reading up on the changes and buying the 2017 models before they are ...
by monkey_business
Wed Jan 10, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 7590

Re: Lowball offer on a home

I think it's also a matter of whether the upgrades are truly necessary, or more of a preference. For example, is the kitchen in awful shape and clearly needs to be remodeled? Or, is the kitchen fine but has an outdated look to it? It's one thing if the house clearly *needs* work, and another if mayb...
by monkey_business
Wed Jan 10, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: OnePlus 5t Smartphone?
Replies: 21
Views: 1389

Re: OnePlus 5t Smartphone?

I have the OnePlus One. This was the first phone OnePlus has ever released. It is 3+ years old now, and still working great. The only issue is the battery is not that great anymore, which is expected. If I would be in the market for a phone right now, I'd definitely consider the OnePlus 5T. I don't ...
by monkey_business
Thu Dec 28, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13042

Re: Another should i buy my dream porsche thread...

Since there is a good number of car enthusiasts here with biased opinions, let's try looking at the affordability question another way: Suppose the OP asked us if he should buy his dream watch - a $100,000 Philippe Patek. Would we get as many "Sure, do it! YOLO!" responses? And, if buying a $100,00...
by monkey_business
Thu Dec 28, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13042

Re: Another should i buy my dream porsche thread...

Since there is a good number of car enthusiasts here with biased opinions, let's try looking at the affordability question another way: Suppose the OP asked us if he should buy his dream watch - a $100,000 Philippe Patek. Would we get as many "Sure, do it! YOLO!" responses? And, if buying a $100,00...
by monkey_business
Thu Dec 28, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13042

Re: Another should i buy my dream porsche thread...

Since there is a good number of car enthusiasts here with biased opinions, let's try looking at the affordability question another way: Suppose the OP asked us if he should buy his dream watch - a $100,000 Philippe Patek. Would we get as many "Sure, do it! YOLO!" responses? And, if buying a $100,000...
by monkey_business
Wed Dec 27, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13042

Re: Another should i buy my dream porsche thread...

OP, As others have said, purely from a financial standpoint, it is not wise to spend $100k on a car with your net worth. From my experience, the car guys that race their sports cars usually don't get top of the line/new cars since they'll be used and abused on the track. One has an old (20+ years ol...
by monkey_business
Wed Dec 27, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Time to buy a new phone?
Replies: 29
Views: 1978

Re: Time to buy a new phone?

Is there a link to the $300 deal? And, is this only for contract/locked phones?
by monkey_business
Wed Dec 27, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13042

Re: Another should i buy my dream porsche thread...

Why do you want this car? Serious question.
by monkey_business
Sat Nov 25, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 6236

Re: Etiquette question: going out to dinner with friends and how to split the bill

We always get separate checks. Never been a problem to the best of our knowledge. In my mind, I don't see why we should either: A. Pay for someone else's drinks, desserts, expensive entrees, etc. B. Feel bad if we've had more of the above than the people we're splitting the bill with and making them...
by monkey_business
Wed Nov 15, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7919

Re: Tipping in living wage state. Redux.

Going in and not tipping because you think the waiters are adequately paid as is, is like trying to pay only 80% of the bill because you think the menu is 20% overpriced. No it isn't, because there is no explicit quid pro quo. I tip because I believe waitstaff are underpaid. If they receive an hour...
by monkey_business
Wed Nov 15, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7919

Re: Tipping in living wage state. Redux.

Should I continue to tip 15% (or 20%) in these situations, or is the acceptable tip now something different (ie, lower)? Please discuss your rationale. I prefer to tip fixed amounts rather then a percentage. It's simpler for me as it fulfills the implied social contract without taking things to an ...
by monkey_business
Tue Nov 14, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7919

Re: Tipping in living wage state. Redux.

What does tipping have to do with the wages? I am not tipping because I am responsible for the waiter's wages, I am tipping because it is an implied social contract that I accept by patronizing a restaurant. It's not illegal to not tip, it's simply in poor taste. If you object to tipping, don't go t...
by monkey_business
Thu Nov 02, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Is Black Friday the Real Deal for computers?
Replies: 22
Views: 2172

Re: Is Black Friday the Real Deal for computers?

I would also recommend checking if the computer you're buying on Black Friday is simply on sale, or a "Black Friday Special" model. Sometimes manufacturers make very cheap version of their products to sell for bottom dollar during Black Friday. So, you might get a laptop that's cheap, but has a low ...
by monkey_business
Wed Nov 01, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate 0.10% [November rate announced]
Replies: 31
Views: 4948

Re: I Bond fixed rate 0.10%

One thing that turns me off regarding Treasury Direct is that they make it clear that if there is fraud in your account, it's your problem. Where are you getting this information from? Treasury Direct has a form for reporting stolen/lost bonds, including I Bonds: https://www.treasurydirect.gov/form...
by monkey_business
Thu Oct 26, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 6546

Re: Index investing is boring

Running on a treadmill is far more boring than running away from a lion. Alas, the former has some advantages over the latter.
by monkey_business
Thu Oct 26, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction (Unmarried Couples)
Replies: 10
Views: 880

Re: Mortgage Interest Deduction (Unmarried Couples)

If someone pays 100% of the interest, what's the plan to make it be about 50/50 again... someone pays pay more of the principal and taxes? I'm not sure what you mean here. That person paying the principal technically owns more of the house as time goes on, right? Is that really the case? How would ...
by monkey_business
Thu Oct 26, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction (Unmarried Couples)
Replies: 10
Views: 880

Re: Mortgage Interest Deduction (Unmarried Couples)

aristotelian wrote:
Wed Oct 25, 2017 5:32 pm
Are either of you in a higher tax bracket than the other?
No, same tax bracket but one makes about 10% more.
by monkey_business
Thu Oct 26, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction (Unmarried Couples)
Replies: 10
Views: 880

Re: Mortgage Interest Deduction (Unmarried Couples)

For example when the house gets sold the proceeds should be divided according to the contributions to the equity. If someone "paid" all the interest, as documented on their tax returns, it could well be that they would have little or no share in the equity of any appreciation in the property value....
by monkey_business
Wed Oct 25, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction (Unmarried Couples)
Replies: 10
Views: 880

Mortgage Interest Deduction (Unmarried Couples)

If an unmarried couple is on a mortgage together, and generally split the total expenses 50/50, what is the best way to approach the mortgage interest deduction? According to the IRS, each person on a mortgage can deduct the interest they actually paid. Given that is the case, it would seem to make ...
by monkey_business
Sat Oct 21, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 17098

Re: anyone else not liking the new cars?

According to Consumer Reports, Honda's reliability rating has slipped to average. That hasn't been my experience, but I didn't want to test my luck. So far the CR-V has had no problems. I may have wasted about $2,100. Time will tell. I don't really trust Consumer Reports' reliability ratings. They ...
by monkey_business
Fri Oct 20, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 17098

Re: anyone else not liking the new cars?

I think the new cars available today are incredible. What's not incredible about the fact that you can buy a new Honda Civic today that: - Has creature comforts not found in high end luxury cars just a few decades ago: navigation, keyless entry, remote start, etc. - Gets up to 40mpg while having 174...
by monkey_business
Wed Oct 11, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Choose mortgage 15 vs 30 as well choose larger/smaller down payment
Replies: 7
Views: 1100

Re: Choose mortgage 15 vs 30 as well choose larger/smaller down payment

I'm more in the 30 year mortgage camp purely from a risk standpoint. With a 15 year mortgage, you are stuck with the higher payments no matter what. This is something to consider in the event of financial downturns such as job loss, health issues, etc. A 30 year mortgage can be paid off in 15 years ...
by monkey_business
Wed Oct 11, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord
Replies: 54
Views: 6594

Re: 2018 Honda Accord

In terms of daily power, keep in mind that the new Honda 2.0L turbo engine in the 2018 Accord makes 272lb-ft of torque at 1500rpm. The previous Accord V6 made 20lb-ft less torque (252lb-ft), and at 4900rpm. While I have not driven the new 2.0L engine, I would imagine it provides a far more useful po...
by monkey_business
Mon Oct 09, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 18455

Re: Hope I'm not unwittingly wading into anything here...

There is a lot of general overlap but MMM is more the 40 year old that retires on a very modest budget, whereas the Boglehead is the 60 year old that retires very comfortably. The two communities have a different tilt in terms of overall goals and lifestyle.
by monkey_business
Wed Sep 27, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones (again)
Replies: 28
Views: 2643

Re: Edward Jones (again)

What is the reason the Bogleheads so strongly recommend low cost index funds?

If you can answer that question, you can understand why leaving Edward Jones is a good idea.
by monkey_business
Wed Sep 27, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Suggestions for a rowing machine
Replies: 26
Views: 1564

Re: Suggestions for a rowing machine

If you have a place to run it outside, consider getting a prowler. You can get one for ~$200, plus some plates for $100-200. One of the best conditioning tools out there.
by monkey_business
Thu Sep 21, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Spray Foam Insulation
Replies: 20
Views: 2609

Re: Spray Foam Insulation

Thanks for the feedback everyone. Regarding the air ventilation, I know the HVAC system comes with a fresh air intake. I've also been reading about the ERV/HRV systems, but this is all fairly new to me. Does anyone know how a fresh air intake compares to the ERV/HRV methods of ventilation? It seems ...
by monkey_business
Wed Sep 20, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Spray Foam Insulation
Replies: 20
Views: 2609

Spray Foam Insulation

We're building a new house and the builder is offering to put in spray foam insulation in the walls for about $2,500. This is walls only, as the roof is already going to be spray foamed. The standard insulation is R19 batt insulation. The house will be in an area with low humidity, very hot summers,...