Search found 828 matches

by scubadiver
Fri Sep 08, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 4681

Re: Do I need an Amazon Echo??.....

I'm going out on a limb here...No, you do not need an Amazon Echo.
by scubadiver
Sat Aug 26, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5782

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled....
by scubadiver
Sat Aug 26, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5782

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled. ...
by scubadiver
Sat Aug 26, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 48
Views: 4964

Re: Lowes vs Home Depot

Neither. I go to the Ace Hardware that is owned and operated by the parents of one of my daughter's classmates.
by scubadiver
Sun Jul 16, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Rent or Buy in Las Cruces, NM
Replies: 12
Views: 1265

Re: Rent or Buy in Las Cruces, NM

Another vote for renting.
by scubadiver
Wed Jul 12, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 100k milestone
Replies: 49
Views: 5977

Re: 100k milestone

31

Currently in early 40s and about one more good day in the market shy of two commas.
by scubadiver
Wed Jul 12, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off >$200k Income Based (IBR) student loan?
Replies: 13
Views: 1890

Re: Invest or pay off >$200k Income Based (IBR) student loan?

Welcome to the forum! Were I in your shoes, my priorities would be: (1) Put $20k towards student loans (2) Max 401k space, both his and hers (Recommend due to federal tax bracket and home state of CA) (3) Put all additional funds towards student loans. I'm somewhat conflicted on (3) as there is a ca...
by scubadiver
Mon Jul 03, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 8170

Re: Can you share some of your financial goals?

To have the winning combination in Tuesday night's MegaMillions jackpot.

That and maintain current savings plan so as to be able to fully fund children's college education and retire no later than age 62.

Scubadiver
by scubadiver
Sun Jul 02, 2017 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6522

Re: Should I move abroad to minimize health care costs?

OP is worried about healthcare costs draining his nest egg? What nest egg? The OP is 40 and barely has anything worth mentioning in retirement savings on a salary of $120K per year. Yes, poverty in old age is a very real risk here, but not because of healthcare costs, just good old fashioned lack of...
by scubadiver
Wed Jun 28, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13043

Re: How did you handle the costs of your child's wedding?

My wife and I did not receive any financial support for our wedding. In all, we spent approximately $19K for the wedding, honeymoon, engagement ring and wedding bands. Ok, $19.3K if you count the $300 to replace the wedding band I lost scuba diving in Cancun (to-date, that remains the most expensive...
by scubadiver
Sun Jun 25, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 14675

Re: Can we/should we afford a $2M house?

1. In these builder situations, when is the earliest I can lock in a mortage and should I lock in a rate now or wait? The builder's have their own mortage company, but, obviously, I want to shop around 2. Assuming our rate of savings at least 40K/month continues, we would have more cash at hand. Th...
by scubadiver
Sun Jun 25, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Worthwhile TV programming?
Replies: 55
Views: 3883

Re: Worthwhile TV programming?

No doubt there is a lot of crap on Netflix.

I do recommend you give Sons of Anarchy and Shameless a try. DW and I finished Sons of Anarchy last year and enjoyed it tremendously. Slowly working our way through Shameless now. Both shows are spectacular in my opinion.
by scubadiver
Fri Jun 23, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 4489

Re: New Baby - Wife stay at home for 1 year?

You can definitely afford it, and it's a very valid lifestyle choice. Just a warning though - she's not going to want to go back to work. I am 33 and have seen this happen with several friends, and I've read many articles about the trends as well. Most women who stay home plan for it to be a short ...
by scubadiver
Mon Jun 19, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2854

Re: What Is The Right Amount For An Emergency Fund?

Our cash emergency fund is about 5 months of expenses. If I really needed to, there's easily a years worth of additional expenses that I could cover out of our Roth accounts with no penalty for early withdrawal and even under a 2008-9 market crash scenario. While I would obviously prefer not to do t...
by scubadiver
Thu Jun 15, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Does anyone read the Wall Street Journal?
Replies: 58
Views: 6422

Re: Does anyone read the Wall Street Journal?

Yes, I have a print and on-line subscription.
by scubadiver
Thu Jun 15, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 90
Views: 6566

Re: Have you canceled cable?

Ya, I remember learning about this "cable" thing in history class. I think it was something that my great grandparents had.
by scubadiver
Sun Jun 11, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 1312

Re: Is it safe to prepay a Navient loan payment?

And if Navient is properly calculating the resulting change in amortization, everything should be fine. It's that last "if" I'm nervous about, given their history. There is no amortization calculation to do. Your monthly payment remains the same, you'll just pay the loan off sooner given ...
by scubadiver
Sun Jun 11, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 1312

Re: Is it safe to prepay a Navient loan payment?

Autopayment with Navient? You're more trusting than I am. Back in the day, I had several student loans under a program where, after so many on-time payments, my loan rate was reduced to 2.5%. Of course, I satisfied that requirement and enjoyed the 2.5% interest rate for a number of years. Then two t...
by scubadiver
Mon Jun 05, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 4682

Re: New Milestone

Zillow aside, congrats!!! I was over 50 when I got a second comma for net worth (I use what might be considered excessively conservative estimates for real estate value though). At barely 53 I've yet to get my second comma for financial assets alone, hopeful of getting there by 55 though as I'm les...
by scubadiver
Sat Jun 03, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 4682

Re: New Milestone

Congrats! I'm less than $12K myself from hitting that milestone and actually would be past it if I used a more realistic value for my home - not Zestimate crazy, just realistic. Anyway, remember, the market giveth and the market taketh away. That said, you should enjoy the success of reaching a majo...
by scubadiver
Mon May 29, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 9075

Re: When does Saving become missing out on life?

Try not to think of saving vice happiness as either-or propositions. Saving is important unless you plan to work until you die and are fortunate enough to be physically and mentally able to do so. But family and friends are more important and if you are neglecting them in favor of savings, then you ...
by scubadiver
Wed May 03, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 4009

Re: Is 401k loan really a bad idea?

I look it as "spending pre-tax dollars now in exchange for investing post-tax dollars in the future AND paying interest with post tax dollars then paying income taxes on that money in the future". So, if I get a $50K loan from a bank, is that not also pre-tax? I mean, uncle sam doesn't ta...
by scubadiver
Wed Apr 26, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 21962

Re: Any regrets living a frugal life for high income/high networth individuals?

Why do you to wait until retirement to spend time with the important people in your life? Nailed it! How did you know that as a matter of principle, I refuse to spend time with the important people in my life until I retire? Perhaps I just have a simpler definition of what it means to spend quality...
by scubadiver
Wed Apr 26, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 21962

Re: Any regrets living a frugal life for high income/high networth individuals?

If I'm going to splurge, I would splurge on early retirement. There is absolutely nothing material that I need which I do not already have and if I was given a million dollars tomorrow, I would just save it so I could by my early retirement sooner. I would much rather spend $$ to buy me time with my...
by scubadiver
Mon Mar 06, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4431

Re: How much do you spend on "stuff" for kids?

You didn't address my earlier question. You mentioned that "funding their b-day parties" was their only gift from you. What did their parties consist of and how much did you spend on them? Am I under cross examination? Truth: I don't remember the dollar amounts. Our 4-year old's party was...
by scubadiver
Mon Mar 06, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4431

Re: How much do you spend on "stuff" for kids?

It is not extremely unusual in my community. Birthday parties today are usually held at some sort of event space (jumpy house place, trampoline place, museum, etc.). And parents are expected to buy small gifts for each kid who attends the party. It's very expensive (and nuts, IMHO). After shelling ...
by scubadiver
Mon Mar 06, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4431

Re: How much do you spend on "stuff" for kids?

Seems odd to tell a 6 year old (age of the OP's kid) that their present is a pack of paper plates/cups, some cheap decorations, and a cake. Yes, and that's exactly how we said it to them too, "You're getting some paper plates, cups and cheap decorations..." I wanted to add a "and you...
by scubadiver
Mon Mar 06, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4431

Re: How much do you spend on "stuff" for kids?

We don't buy them birthday gifts since we organize the parties and they get presents from the guests I find it extremely bizarre that you do not buy birthday gifts for your own kids. I find it more bizarre that you justify not buying birthday gifts because you "organize the parties." Do y...
by scubadiver
Mon Mar 06, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 3229

Re: Think I'm ready, but not overly confident

Welcome to the forum.

I'm 20+ years younger than you and if I had your finances, I would retire now. You should be good to go. :)

Congrats!

Scubadiver
by scubadiver
Sun Feb 26, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Member Here, Looking for some suggestions
Replies: 24
Views: 2085

Re: New Member Here, Looking for some suggestions

Welcome to the forum and thank you for your service. So, you're not in a bad situation. In fact, learning these lessons at such a young age puts you on a very good path longer term. I think your plan looks good. Since you have been listening to Dave Ramsey, I'll foot stomp his debt snowball strategy...
by scubadiver
Wed Feb 01, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 77
Views: 6855

Re: Pet insurance for new puppy

Long time pet owner here and we love our dog. He truly is a member of the family. Pet health care is pretty simple really and there is no need for insurance. We pay everything out of pocket. If we got to the point where our vet bill was being measured in thousands of dollars, euthanasia would become...
by scubadiver
Sun Jan 29, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 6484

Re: Please tell me if I can afford this Porsche

Get rid of the student loan first, but yes, you can get afford to get the porche.

Scubadiver
by scubadiver
Sat Jan 28, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 10818

Re: Anyone moved to another state for lower cost of living?

My own story.... We (DW and two kids) currently live in northern VA just outside DC. Moved here for career opportunity about 7 years ago when oldest kid was 1. The work is good, but cost of living is very high and general quality of life is low. We have no personal ties to the area - the only thing ...
by scubadiver
Sun Jan 22, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation: 36 years old, $800k to invest
Replies: 3
Views: 1002

Re: asset allocation: 36 years old, $800k to invest

Welcome to the forum! A possible plan of action... 1) Since you not appear to have an explicit emergency fund, mentally earmark $100K of your current $800K for just that. 2) Put $100K on your mortgage and refinance to 15 or 30 year conforming loan. You may pay a slightly higher rate than what you cu...
by scubadiver
Sat Jan 21, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our student loan?
Replies: 44
Views: 4081

Re: Should we pay off our student loan?

The following seem like good ideas to me: (1) Put the $48K all on the student loan. With your current monthly payment, those will be gone in less than 4 years or (2) Assuming you get a lower rate, refinance the home lone to 15 year, putting entire $48K on principle. I would tend to favor (1) because...
by scubadiver
Wed Jan 18, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 8229

Re: ok to pull plug and retire?

Were I in your shoes with your assets and expenses, I would be calling in sick tomorrow (and I like my job).

Yes, you're good to pull the plug. Congrats!
by scubadiver
Sun Jan 15, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Value of House in Planning for Retirement
Replies: 46
Views: 3619

Re: Value of House in Planning for Retirement

My own view on this.... We plan to live in the same home post-retirement. As such, I do count on having the mortgage paid off in our financial planning, but I do not incorporate the value of the home when calculating the $$ we have to spend based upon our assumed safe withdrawal rate. If planning to...
by scubadiver
Sat Jan 14, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 11665

Re: How much do you typically spend in a restaurant?

Last time we went out was a few weeks ago. A family of four at Red Robins cost $45 plus tip. I think we could have came in under $40, but the kids insisted on milk shakes. EDIT: We live in a very HCOL area. I remember going home last summer to visit family and took my wife and kids along with 4 aunt...
by scubadiver
Thu Jan 12, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investor, small windfall
Replies: 12
Views: 1991

Re: Young Investor, small windfall

If I understood you correctly, your brother is set to "receive" ~$37.5K and will be going to college in 2.5 years. Correct? I would NOT use his portion as a down payment or anything else that might benefit me no matter how sincere I am in my desire to reimburse the funds. Stuff happens and...
by scubadiver
Mon Jan 09, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 53545

Re: Do you really need 2.5 million to retire well?

My own response to this question is neither yes or no. For me, it's not about retiring or retiring well, but about getting to a point where I no longer need to worry about a job loss. I may or may not choose to continue working, but probably will, albeit at a much slower pace. I don't think $2.5M is...
by scubadiver
Mon Jan 09, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: To those with a pension...
Replies: 52
Views: 7345

Re: To those with a pension...

No to both.

I'm a federal employee who will likely not stick around till full retirement age. Saving as much as I can while the money is good.

The modest pension that I will have buys down risk, but I maintain my asset allocation as if the pension did not exist.

Scubadiver
by scubadiver
Mon Jan 09, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3978

Re: How're we doing?

Congrats on the recent wedding and on your efforts to manage your new joint finances. I agree with you that you should not put off having kids. Life's too short. I do think you should put off the house until you get rid of the debt which you currently have quite a bit of. Almost $150K by my accounti...
by scubadiver
Sat Jan 07, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 5007

Re: Anybody else Age - 10 in bonds, rest in stocks

Avg age of DW and Boglehead Husband: ~40 Stock % / Bond %: 80 / 20. Plus federal pension, but will likely leave federal service long before retirement eligibility, so this will be a modest (albeit reliable) component of retirement $$. Our stock allocation is 75% domestic, 25% international Just reba...
by scubadiver
Thu Jan 05, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+?
Replies: 35
Views: 4857

Re: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+

Our portfolio is currently greater than it was last year at this time by an amount equal to a little more than my annual salary. NOTE: I did not contribute 100% of my earnings to savings last year. Hard not to notice that.

Scubadiver
by scubadiver
Fri Dec 30, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 14666

Re: I'll never save a 20% down payment. Rent for life?

Re Wife/RN : She will eventually be able to pick up some part time work, but I do not want to plan or budget my housing based around this , as there are many variables with wife/kids/health/future expansion possibility. Her income will come and go over the years. This is a perfectly acceptable stra...
by scubadiver
Fri Dec 30, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: WSJ Wine anyone?
Replies: 22
Views: 22806

Re: WSJ Wine anyone?

About my own tastes in wine: I drink a combination of high end box wine (yah, I typed that with a straight face ) and wine by the bottle, though I rarely spend more than $10 on a bottle. Not exactly the consumption habits of a wine connoisseur. I have never bought any of the WSJ wines myself, so I a...
by scubadiver
Tue Dec 27, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 14666

Re: I'll never save a 20% down payment. Rent for life?

OP, Here's a confession: While I generally encourage individuals to save a 20% downpayment for a home purchase, we put down ~10% at closing for both of the homes my wife and I purchased. I did have the salary and job security to back it up and we paid on the mortgages aggressively to get rid of PMI,...
by scubadiver
Sun Dec 25, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: 54K left in Federal Student Loans.....wanting to buy/build a home.
Replies: 19
Views: 2082

Re: 54K left in Federal Student Loans.....wanting to buy/build a home.

zig25, I would keep your current cash savings as they are at ~$10k. If understand your posts correctly, it sounds like you paid off $50K in debt (7 auto, 43 student) in 1.5 years and have a remaining $30k in student loans. Well done! At that pace, you should be able to wipe out the remaining student...