Search found 113 matches

by multiham
Mon Dec 11, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 109
Views: 3704

Re: Snow Tires? Worth it?

They are worth every penny you pay for them. If they help you stop just a few feet shorter in an emergency, you will be happy you bought them. I went on Tire Rack and purchased winter tires (Michelin X-Ice) and rims. Go on the Tire Rack website and watch some of the videos. Tire Rack included the ba...
by multiham
Sun Nov 26, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3464

Re: Let Go by MegaCorp - Lots of options

Including your home you have approx 4m in assets and an incredible pension around the corner. You can do anything you want and if it were me I'd go with option 2. Find some part time work possibly in a different field you've been interested and enjoy life. If you find yourself wanting to work more ...
by multiham
Sun Nov 26, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3464

Re: Let Go by MegaCorp - Lots of options

Fair push back, I was giving perspective from my MegaCorp employer. They were very clear about the conditions around receiving severance. Violation of those signed agreements could have resulted in legal action against the former employee including potential loss of any unvested options or RSUs. De...
by multiham
Sun Nov 26, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3464

Re: Let Go by MegaCorp - Lots of options

Assuming you would still get severance package with option 3, [/b] I would say that is a no-brainer if not to give you additional funding while looking for the perfect part time gig. With your pension and nest egg plus social security, I would be VERY tempted to retire and enjoy the last few years ...
by multiham
Sun Nov 26, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3464

Let Go by MegaCorp - Lots of options

I always try to take emotions out of my decisions, but having difficult time right now. Situation My position was eliminated with the latest downsizing at the Megacorp I work for. Have worked at same company for 25+ years Last day is December 31 Age 52 Company has for the most part treated me right ...
by multiham
Sun Nov 26, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1213

Re: Funded Roth and Now my MAGI is too high to qualify

Was this the only holding in the Roth IRA? If not, then the converted value would be prorated across the entire Roth IRA (at the same custodian). For example if your $2000 contribution this year grew to $2200, and the Roth IRA grew from $10,000 to $13,000, then you would need to recharacterize $260...
by multiham
Sat Nov 25, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1213

Re: Funded Roth and Now my MAGI is too high to qualify

As I mentioned in my earlier posts, here is a summary of what I did and a new questions I have 1. In May of this year, thinking my MAGI would be low enough to allow for a Roth Contribution, I put $2,000 into my Schwab Roth account which already had some investments in it from prior years. 2. With th...
by multiham
Sun Nov 19, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12852

Re: The valet smashed my Tesla into a brick wall!

I'm so sorry to hear this. Unfortunately, I think you and your insurance company may need to go after the valet service and their insurance pretty hard. In many cases where people have supercars (and no I don't have one, I have a VW) or other expensive cars, you can insure it for an agreed upon valu...
by multiham
Sun Nov 05, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1213

Re: Funded Roth and Now my MAGI is too high to qualify

Thank you! I will do this tomorrow.

Based on what I've read, I have not caused any taxable events (until I take money out of the TIRA once I'm 60+)
by multiham
Sun Nov 05, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1213

Funded Roth and Now my MAGI is too high to qualify

Thought this was the year I could do a Roth contribution as our MAGI was going to allow us to qualify. Good news is my spouse started a new job that she really likes and pays well. Only downside, and its a small one, is that our MAGI is now too high to fund a Roth. Situation as follows: Contributed ...
by multiham
Sat Oct 28, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 7790

Re: Can I retire today?

Enjoy your retirement!! It doesn't sound like you will follow any of the suggestions to slow down or refuse to do work which I personally believe is the wrong way to act. Doing any of that just hurts the other people you work with. Just feel good knowing that your bosses taxes are helping pay for yo...
by multiham
Mon Oct 16, 2017 8:17 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11073

Re: anyone else not liking the new cars?

Would love to see the opinions of the Toyota/Lexus grille based on age group and car enthusiast. My take is that the younger crowd will like the grille. I really like the look of the new Camry as I think they mad is sportier looking upfront. I'll jump in with 2 more opinions on some comments in thi...
by multiham
Sun Oct 15, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 782

Re: Estimating Taxes

Thank you, I will check out the spreadsheet. I created one myself, but I don't have 100% confidence in my Excel skills or my full understanding of the tax laws! If you are in AMT territory it gets awfully complicated. I would at least check it against the on-line tax calculators. JW Agree. Thats wh...
by multiham
Sun Oct 15, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 782

Re: Estimating Taxes

Thank you, I will check out the spreadsheet. I created one myself, but I don't have 100% confidence in my Excel skills or my full understanding of the tax laws!
by multiham
Sun Oct 15, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7623

Re: What are you driving? And would you buy your current ride again?

2016 VW Golf R - 4 wheel drive, 4 doors with a real usable back seat, hatchback so I can carry items. Bought snow tires and it has no problem getting through the snow (6 inches or less because of clearance) because of the 4 wheel drive. Also, it has just about 300 hp so the car is sneaky quick and ...
by multiham
Sun Oct 15, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7623

Re: What are you driving? And would you buy your current ride again?

2016 VW Golf R - 4 wheel drive, 4 doors with a real usable back seat, hatchback so I can carry items. Bought snow tires and it has no problem getting through the snow (6 inches or less because of clearance) because of the 4 wheel drive. Also, it has just about 300 hp so the car is sneaky quick and f...
by multiham
Sun Oct 15, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 782

Re: Estimating Taxes

Thank you! I will give that a try. I'm sorry to say that I pay someone a small fee to do mine, so don't have access to the software they use. Doing it myself going forward as we sold our rental condo.
by multiham
Sun Oct 15, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 782

Estimating Taxes

I would like to run some scenario's for my 2018 taxes. I usually end up paying a small amount of AMT. I have some stock options that I need to exercise before 12/31/18 and want to know their impact if I exercise them (or part of them) this year vs. next year. What software or maybe a spreadsheet som...
by multiham
Sat Oct 14, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11073

Re: anyone else not liking the new cars?

Would love to see the opinions of the Toyota/Lexus grille based on age group and car enthusiast. My take is that the younger crowd will like the grille. I really like the look of the new Camry as I think they mad is sportier looking upfront. I'll jump in with 2 more opinions on some comments in this...
by multiham
Sun Oct 08, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2521

Re: Spouse gets blowouts?

I would suggest you live with it. It is a super small portion of your income and also of what you save. There are a lot of things my wife does that I don't understand, but they don't cost a lot, and they make her happy. If you say something, best case scenario is she is mad, worse case scenario is t...
by multiham
Fri Oct 06, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4452

Re: Trying to convince my sister not to use a financial advisor

Sometimes people are just more comfortable dealing with someone they can meet and establish a relationship with versus a phone relationship and never getting to see that person. If that helps her sleep at night, than it is worth the $1,400 to her. IMHO, people in this forum tend to underestimate the...
by multiham
Sun Sep 10, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2418

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

Do it! I often feel the same way you do and know the stress of travel/job are impacting my health (weight, etc). My spouse works part time and makes less than $10,000 a year so I can't afford to give up any of our income. Just make sure that the new position will give you the benefits (health, time,...
by multiham
Sun Aug 27, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 401K Post Tax or Taxable Investment
Replies: 12
Views: 849

Re: 401K Post Tax or Taxable Investment

Thank you for all the help. The company I work for matches the first 6% of your contribution including post tax contributions after you have hit the $18,000 pre-tax limit. As long as I leave my contribution rate at 6%, I will receive the maximum match.
by multiham
Sat Aug 26, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Post Tax or Taxable Investment
Replies: 12
Views: 849

Re: 401K Post Tax or Taxable Investment

I've read my employers savings plan documentation a few times today to see if any of your suggestions work, During my first reply to retiredjg, I said that my plan does not allow in-service distributions of the after tax amounts. Now I'm not so sure I'm right on that. I am going to call the administ...
by multiham
Sat Aug 26, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: 401K Post Tax or Taxable Investment
Replies: 12
Views: 849

Re: 401K Post Tax or Taxable Investment

If your plan allows you to do an in-service (while still working) distribution of the after-tax account, you could roll it to Roth IRA. Roth IRA is better than taxable. Many plans allow this. This is called the "mega back door". There are some long threads where this is discussed. Thank you for the...
by multiham
Sat Aug 26, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: 401K Post Tax or Taxable Investment
Replies: 12
Views: 849

401K Post Tax or Taxable Investment

Looking for some thoughts on whether to continue investing this year in megacorp 401K with after-tax dollars or switch to investing these funds in after tax investments. Age: 52 Married with 2 kids who are still in high school and middle school 401K balance - $1.5 million (65% equity, 35% fixed inco...
by multiham
Tue Aug 15, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 4153

Re: Kitchen Remodel Price/Contractor Dispute

I'm confused. Is there a contract that calls for a certain payment amount dependent on them completing all the conditions in the contract? I don't even pretend to understand the law (but I've watched my share of Judge Judy!), but if you have a signed contract for a specified amount, I believe you wi...
by multiham
Tue Aug 15, 2017 7:15 pm
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 3710

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

Travel enough to be Platinum with Marriott. Usually stay at Residence Inn or Springhill Suites.
by multiham
Sun Aug 13, 2017 6:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 42
Views: 6573

Re: Roll Call for the Retirement Class of 2018!

I am targeting June 2018 at age 53. I have already exceeded my number, having accumulated much more than I ever imagined I could, mostly, I believe, by LWBYM (LBYM with an exclamatory "way" thrown in). Disregarding tax liabilities, charity, and health insurance - an important consideration causing ...
by multiham
Sun Aug 13, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: Toyota Camry Repair Priorities
Replies: 71
Views: 4791

Re: Toyota Camry Repair Priorities

I'm in a similar boat - 2001 Camry, 123,800 miles. Got an oil change last week and the auto shop told me the struts are worn and should be replaced. Estimate (parts and labor) for replacement and various other services - $1500! :shock: They're one of the most costly replacements. Well, I just spoke...
by multiham
Sat Aug 05, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Manufacturers repairing/replacing out of warranty products for free
Replies: 15
Views: 1208

Re: Manufacturers repairing/replacing out of warranty products for free

I believe the days of manufacturers repairing/replacing out of warranty products for free are going to go away. By doing this, the brand is trying to build loyalty with the consumer. As more consumers move away from being brand loyal and move to whoever has the cheapest product, the incentive will g...
by multiham
Sat Aug 05, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 7240

Re: Losing confidence in Ally Bank - what would you do

I'm in the close the account (once resolved) and move on. I do give places a second chance if their customer service works with me and quickly (one phone call) resolves the issue. In this case, they basically said they can't tell you when you will have your money available. That to me is as scary as...
by multiham
Sun Jul 30, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice about Financial Planner
Replies: 8
Views: 1056

Re: Advice about Financial Planner

I would find another CFP who is a better fit for you. I interviewed a few before I settled on one and I do pay by the hour. Basically, we meet once a year to go over where I'm at, what my projections look like, talk a little about taxes, and generally give me a good feeling that I'm on track to meet...
by multiham
Sun Jul 30, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor/Retirement Planning - Conventional Wisdom?
Replies: 16
Views: 1775

Re: Financial Advisor/Retirement Planning - Conventional Wisdom?

i'll place my bets on the forum knowing more. I've received immensely helpful information here, no doubt. I find however that the quality of responses to any specific post are subject to whomever is responding that day or days. I tried to make that point with my hit or miss analogy above, but appea...
by multiham
Thu Jul 20, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 7830

Re: Would you let your teenager spend all his savings on a gaming computer?

I've read all the posts and sometimes I think we forget what its like to be a teenager. Congratulations to him on saving $1,500!! Building a computer is a great learning experience. As others have said, why not help him build it. Great bonding opportunity (Gets harder to find these opportunities as ...
by multiham
Thu Jul 06, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 15624

Re: Are you finding any good values at Amazon anymore?

Others also don't have Amazon's high processing overhead. You already noted their shipping costs. The cost-challenge actually starts upstream of that with the need to track and store an inventory of 10 gazillion individual products, then sort and ship them, not by the truckload to stores where the ...
by multiham
Wed Jul 05, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 15624

Re: Are you finding any good values at Amazon anymore?

I find it very interesting that so many people on this site are shopping less at Amazon than they did in the past. Amazon's sales and market share are still increasing at incredible rates. They are literally changing the face of retail. I love Amazon for the convenience, the willingness to make thin...
by multiham
Sun Jul 02, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 4475

Re: The "angle" at Schwab

I've been with them for about 20 years. 95% positive things to say about them. No pressure, no phone calls. I even did their 1 hour conference call with a CFP to discuss my portfolio and their relatively new Schwab Intelligent Advisory. Other than receiving his recommendations by e-mail, no one else...
by multiham
Sun Jun 25, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Leave a good boss for career advancement?
Replies: 12
Views: 1501

Re: Leave a good boss for career advancement?

Go for the new opportunity. If your relationship is as good as you make it out to be, your old boss will be thrilled that you have received this opportunity. I have worked for the same mega-corp for 27 years and have had long term team members get promoted (one is actually my boss now) and I couldn'...
by multiham
Sun Jun 25, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 80
Views: 10051

Re: Costco vs. Amazon - Thoughts of Prime Members?

If its easier for you to take 20 minutes over lunch and go on-line, place an order, and pick-up at the local store when you want, why spend all the time in the store? If they can find a way to give you the vegetables/fruits you like, why would you go in-store? For instance, I like organic grapes wh...
by multiham
Sat Jun 24, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 80
Views: 10051

Re: Costco vs. Amazon - Thoughts of Prime Members?

I work in sales for a major Health & Beauty consumer company. Let me tell you that all the retailers are scared right now. Trips to stores are going down at rates never seen before. Everyone is having to figure out how to maintain/grow loyalty with their existing shoppers. All stores are trying to f...
by multiham
Tue Jun 20, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 66
Views: 6490

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

Am I the only person who actually asks the dealer to tell me what the price will be prior to getting the job done? Unless things have changed since I worked at a dealership many years ago (summer cleaning job in high school) there is a book (probably on-line now) that tells you the standard labor ho...
by multiham
Sun Jun 11, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 2004 LEXUS RX 330
Replies: 46
Views: 3429

Re: 2004 LEXUS RX 330

Keep the Highlander and pay it off as you can. I would argue the real lesson learned here is never pay sticker or posted price on most cars! Unless you are CarMax or another site that does not allow negotiation, there is fluff built into the stated price to allow you to negotiate and feel like you g...
by multiham
Sat Jun 10, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 4867

Re: Suit for [medical] residency interviews

I have one word for you on why I would make sure I spend enough to get good quality material that fits perfectly. That word is Confidence. You will have enough things to worry about other than whether your suit looks and fits well. Take care of that up front and then you can focus all of your energy...
by multiham
Sat Jun 10, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 3786

Re: Overpaid Big Time On Warranty

There is something wrong on what they are quoting you. $350 per month times 59 months = $20,650 (this should be the amount you financed) Your old deal including the warranty was $288 per mont times 72 months =$20,736 which means you only paid $86 for the extended warranty. Something is not right. Pl...
by multiham
Mon Jun 05, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 10687

Re: Worth it to buy expensive clothes?

As long as your weight doesn't fluctuate up and down and you don't buy anything trendy, I think this is a great investment in yourself.
by multiham
Fri Jun 02, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 4755

Re: Time to Move Away from 3-Fund Portfolio?

Different approach from me. What is the value you place on your wife being able to use PAS if needed? If that makes her feel at ease, it is well worth the .30% charge. Most people on this forum are financially savvy or at least have the curiosity to learn. If that is not the case for someone else, t...
by multiham
Wed May 31, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 8290

Re: Is it worth it spending money to keep your house looking sharp?

Pride I don't have the most expensive clothes, but they are neat and well taken care of. I don't have the fanciest landscape, but it is pruned, cut back when needed, and weeded I don't have a fancy entryway or front door, but it is painted and I have replaced the kick plate and weather stripping whe...
by multiham
Tue May 30, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 6469

Re: Do I deserve it? [A new car]

Many years ago, I bought a $20,000 car when I was making $40,000. I'm a car guy and don't view a car simply as a means of getting from point A to point B. I truly loved that car and was having no problem paying off the car loan. Than I met my future wife, decided to get married, and wanted to save f...
by multiham
Tue May 30, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 3239

Re: "Security freeze" to prevent credit fraud

I know this is a 5 year old thread, but hoping to get some advice. Someone cloned my credit card (so much for chips) and I reported it to the credit card company and the police. I now want to put a Security Freeze on my account. You're mixing up different things. Having a credit card number comprom...