Search found 126 matches

by skor99
Sat Jul 14, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Do I need Commercial Auto Insurance for a Business vehicle?
Replies: 14
Views: 783

Re: Do I need Commercial Auto Insurance for a Business vehicle?

Yes, if the name on the title of your vehicle is your company’s name then the insurance will have to be commercial auto and not personal. The other option is to title the vehicle in your name and then get mileage deduction for business miles driven with proper documentation of the business use. Plea...
by skor99
Tue Jul 10, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Dow 40000 prediction for 2025
Replies: 44
Views: 3866

Dow 40000 prediction for 2025

https://www.cnbc.com/amp/2018/07/03/her ... -2025.html

The author presents some reasonable sounding assumptions, but 2025 is a long ways away. Should anybody make any investment decisions based on such long range predictions ?
by skor99
Sun Jun 24, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2578

Re: FIRE thought experiment

I missed mentioning health insurance - thanks for bringing it up. But Is there anything such as a low paying job which provides health insurance anymore ? Starbucks . I actually meant in the IT field. If I go from a high paying to a low paying job, it should also be lower stress. Not sure if there ...
by skor99
Sun Jun 24, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2578

Re: FIRE thought experiment

I missed mentioning health insurance - thanks for bringing it up. But Is there anything such as a low paying job which provides health insurance anymore ?
by skor99
Sun Jun 24, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2578

FIRE thought experiment

At this point, I do not feel that I am at a FIRE position, although I feel I am not at the absolute bottom even by the standards of this forum. (Age 49, Two kids, one starting college , the other in high school, work OK for now but not very secure, single earner in most part, no pension, little over...
by skor99
Tue Jun 12, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to reduce MAGI with s-corp
Replies: 6
Views: 414

Ways to reduce MAGI with s-corp

I am trying to find ways to legally reduce MAGI below the threshold of ACA subsidy for a family of 4. Apart from the usual list of things such as company contributions to solo 401k and deducting legitimate business expenses etc., is there anything else with a s-corp that I am missing ?
by skor99
Sat Jun 09, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity retirement planner accurate ?
Replies: 12
Views: 1853

Re: Fidelity retirement planner accurate ?

Fine print meaning the usual ‘this is an estimate only’ and ‘individual results might be different’ ?
by skor99
Sat Jun 09, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: Fidelity retirement planner accurate ?
Replies: 12
Views: 1853

Fidelity retirement planner accurate ?

I am trying the fidelity planner for early semi retirement scenarios for a 49/46 couple with $2.06MM of retirement assets and post retirement earnings of $2500 pm up to age 66 and SS of $2550 starting at age 67. I am trying the planner up to age 94 for significant below average return for expense of...
by skor99
Mon May 21, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1775

Re: Almost half of US families can't afford basics like rent and food

I'll take a shot at this: We as a nation know our infrastructure is in dire shape. I would put a package that together helps fund these projects and makes apprenticeship and training affordable but easy to find. This seems like the biggest no brainer yet our politicians just cant make it a priority...
by skor99
Mon May 21, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1775

Re: Almost half of US families can't afford basics like rent and food

Fortunately I am not in that position, but do know a few people who are in that position even though they work hard and don’t waste money. The statistic that shocked me somewhat is that it is half the population in this situation. Even though it is not personal, The question is still relevant as we ...
by skor99
Mon May 21, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1775

Almost half of US families can't afford basics like rent and food

http://money.cnn.com/2018/05/17/news/economy/us-middle-class-basics-study/index.html This might as well be news from another world for bogleheads, but it is happening right here in the US. Some of these may be people who waste their time and money on frivolous and harmful stuff, but most of these I ...
by skor99
Thu May 03, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 5282

Re: How old is too old for a vehicle, even for a well running one ?

Teague wrote:
Thu May 03, 2018 8:05 pm
I currently have a 2003 Ford Explorer with 225K miles in the shop getting about $1500 of work, so I guess it's still worth it for that car.
What if there is another $1500 worth of work next month , would it still be worth it? Much more likely for a 2003 car with 200K miles than a newer one.
by skor99
Thu May 03, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 5282

Re: How old is too old for a vehicle, even for a well running one ?

For one, you never know when something might fail due to age and become an expensive repair. The person driving an old car might be taking a chance, as it is much more likely for a 15 + car to break down than a newer one. I would argue that failure is more likely to be caused by lack of/improper ma...
by skor99
Thu May 03, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 5282

How old is too old for a vehicle, even for a well running one ?

I know the boglehead way is to drive a car to the ground getting the most value out of it after its high depreciation years are over. How old is too old though ? At some point, driving a 15+ year old car , even one which is running well only with regular maintenance might not be worth it. For one, y...
by skor99
Mon Apr 30, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1591

Re: Include dividends/interest in savings rate calculation ?

I can understand people having different ideas about how to calculate their savings, but to say that the saving metric is meaningless doesn’t make sense to me. Surely a person who saves only 5% of their income versus 50% will have very different futures. Apparently, in many households people have no...
by skor99
Mon Apr 30, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1591

Re: Include dividends/interest in savings rate calculation ?

There are financial articles which advocate people saving 30-50 % of their income, but should the income number include interest ,dividends and other passive income sources like rental income etc. ? The results could be very different one way or the other. Would appreciate folk’s insight on this. s...
by skor99
Mon Apr 30, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1591

Re: Include dividends/interest in savings rate calculation ?

I understand that dividends can be viewed as part of total return on a portfolio, but the fact that I have to pay taxes each year on the dividends (in my non retirement portfolio) like I pay on salary also means that it is income for that year. This is where my conflict is.
by skor99
Sun Apr 29, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1591

Include dividends/interest in savings rate calculation ?

There are financial articles which advocate people saving 30-50 % of their income, but should the income number include interest ,dividends and other passive income sources like rental income etc. ? The results could be very different one way or the other. Would appreciate folk’s insight on this.
by skor99
Mon Mar 05, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Here's how much the top 1% of Americans have saved for retirement
Replies: 11
Views: 3455

Here's how much the top 1% of Americans have saved for retirement

https://www.cnbc.com/2017/07/31/how-muc ... ement.html

This shows really low numbers even for the 90th %ile family. True or some vested interest behind this ‘study’ showing low numbers ?
by skor99
Sun Feb 25, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Help! Soon to be Divorced - Filing taxes Separately and potential huge tax burden
Replies: 28
Views: 2692

Re: Help! Soon to be Divorced - Filing taxes Separately and potential huge tax burden

One of the core boglehead principles is to have a spouse who is financially compatible. I believe it is the most important step one can take to ensure financial success in life. Now, all marriages have some disagreements, but the best thing to do would be to try your best and then some more to recon...
by skor99
Mon Feb 19, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 25
Views: 3895

Re: What seems to matter

Just my opinion: 2 - helpful, but not necessary. The actual compounding is overrated IMO (the ADDITIONAL return of the return is minor, even over long times, compared to the actual saving and simple return) - of course starting early makes it easier. The whole 'invest early and enjoy compounding' i...
by skor99
Wed Feb 14, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18678

Re: Number at which to stop worrying

Thanks for all the responses - very interesting to see some people in the same boat as me and others completely unconcerned. I personally do not worry about the unprobable things much, if somebody has the misfortune to get a disease or accident that proves to be very expensive, then it is bad luck. ...
by skor99
Mon Feb 12, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18678

Re: Number at which to stop worrying

amitb00 wrote:
Mon Feb 12, 2018 5:32 pm
What is your expense per year and age?
Late 40s ; $72 K per year approximately
by skor99
Mon Feb 12, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18678

Number at which to stop worrying

This is different from other threads which talk about the number for early retirement. I want to continue working for the foreseeable future, but keep thinking at what level of NW could I relax a bit and not worry too much. Family of four in a MCOL area and single earner. Kids yet to go to college. ...
by skor99
Fri Feb 09, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 9688

Re: 4% rule and early retirement?

If not looking at the past, on what do you base your 3-3.5% ? Yep, that's the question and you might not like my answer, but here goes. I'm triangulating into it, looking at the future like this: 1. I believe my grandparents, parents and I have lived during a Golden Age in America. Sure, we had war...
by skor99
Fri Feb 02, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 754

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

We have two in college--a sophomore at a private university and a freshman at a more expensive community college. Both live on campus. I have seen no advantages from an aid perspective. They are willing to offer loans, which we simply are not interested in at this point. Would there have been more ...
by skor99
Fri Feb 02, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 754

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

EFC means for all kids in college. If your EFC is $90k, then they expect you'd pay $90k for all of your kids, whether that's one kid ($90k for him alone) or 10 kids in college ($9k average each). So yes, there may be advantage to multiple kids from the perspective of receiving "aid". As others have...
by skor99
Fri Feb 02, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 754

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

A lower EFC means more loans. Some think that more loans is a win. Others don't see that as a win for a student exiting college. Is it only more loans or more Aid like grants etc. which does not have to be paid back ? Being a boglehead, I obviously do not see a loan as a win, but any aid that does ...
by skor99
Fri Feb 02, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 754

Is it advantageous to have kids in college simultaneously from an aid perspective ?

I have been researching college finances and talking to people. Somebody mentioned that the EFC (expected financial contribution) of the family goes down drastically for the second kid onwards, if somebody has 2 or more kids in college together, REGARDLESS of the family’s financial status - meaning ...
by skor99
Sun Jan 28, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Personal Capital 10th percentile ?
Replies: 0
Views: 429

Personal Capital 10th percentile ?

If my understanding is correct, this measure projects the measure of situations where only 10% of outcomes have been historically worst. What would be examples of that ? Is the 2008 recession worse than that and/or 2002 or would it just be the Great Depression? Just trying to get a sense of what to ...
by skor99
Wed Jan 24, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3926

Re: What to do with cash now

But the question is where to put money now with stocks overvalued and bonds risky with rising investment rates ?
by skor99
Wed Jan 24, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3926

What to do with cash now

I am invested about 60 % in stocks ( 13% international), 15% bonds and about 25% in cash. Some of the cash is in bank accounts that I keep as emergency funds etc. but am wondering what to do with the rest sitting in my brokerage accounts , both regular and retirement. With the market at all time hig...
by skor99
Wed Jan 17, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1831

Re: Recent market gains

Keep in mind there is no money in the market because stocks are not money. What is happening is that the buyers of stocks are transferring money to the sellers of stocks, but there is not more money in total than before. However, that does not change the actual question as to who is giving up money...
by skor99
Wed Jan 17, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Recent market gains
Replies: 18
Views: 1831

Recent market gains

The question that comes to mind with all the recent very quick market gain is where is the money coming from ? Is this all the stock shunning conservative people suddenly getting bold and shoving money in or is it overseas investors ? People who are already in the market are probably rebalancing OUT...
by skor99
Sun Jan 14, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 640

Re: Firecalc question

OK, good to know that. So if Somebody is able to be in The situation that fireCalc gives them 90% or more Success rate with a 3 to 3.5% real ROR , 10% std deviation and 3.5 to 4% SWR , that would probably mean, barring something completely horrible , they should be OK
by skor99
Sun Jan 14, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc question
Replies: 5
Views: 640

Firecalc question

I have been playing with firecalc recently and am seeing inconsistent behavior with the same set of inputs. With the recent rise in the markets, I am thinking the future rate of growth will not mirror historical trends and the real rate of growth will probably be around 3 to 3.5 % . If I use the his...
by skor99
Thu Jan 04, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5996

Re: DOW breaks 25,000 for first time ever

1000 point rise from 24K means much lesser than 1000 from 10K . Are we seeing faster percentage based rises than earlier times now ?
by skor99
Sun Dec 31, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7758

Re: So, how was the year ? Gains made and Lessons learnt ?

We've been a single income family since my daughter was born more than 20 years ago. Sounds like the thought of it stresses you a bit perhaps because it is new to you. You get used to it (or at least I have). I am nor sure about what you mean by "can't take chances" - if you have a single income th...
by skor99
Sat Dec 30, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5701

Re: Is it me or does everything seem expensive?

For the people saying everything is cheap, they probably don’t have kids in college and they do not have to purchase medical insurance. People are spending thousands or even tens of thousands more per year than they did just 10 years ago on these items.
by skor99
Fri Dec 29, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7758

Re: So, how was the year ? Gains made and Lessons learnt ?

Don't think you are the only one on the board with a single income. My DW retired when she was laid off 5 years ago. Anyway, this was the first year in more then 6 years that I had to rebalance in bonds due to the rise in stocks. In my case DW has been a homemaker pretty much all the time. By choic...
by skor99
Fri Dec 29, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7758

So, how was the year ? Gains made and Lessons learnt ?

For me it was a good year overall, from a point of view of how my “balanced growth/limited risk” investments did, if not as much from a professional point of view. 3 or 4 more years like this and I can maybe dream of retirement , even somewhat early :-) having had a single income household for most ...
by skor99
Fri Dec 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 14083

Re: Why am I still scared ? Is it actually normal ?

I came across this thread from last year and see some pretty good discussion on bogle heads, of all people, feeling stressed and scared about money. I would put myself in the same boat somewhat. OP’s 1.6 MM is nothing to be sneezed at ( could be even more now) , but with the future predictions of ev...
by skor99
Sat Dec 02, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Million dollar NW poverty in retirement ?
Replies: 11
Views: 3166

Million dollar NW poverty in retirement ?

https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html Any truth to this or just scaremongering by vested interests ? Per the commonly available statistics, Most people do not have anything close to $1MM and no or very little pensions when they retire and yet t...
by skor99
Sun Oct 29, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

It is unlikely that we would have invested enough in AMZN, GOOG, APPL, FB, etc to make a difference in our life...they would only have a small allocation in our portfolio. It is unlikely that we would have held these throughout their ups and downs. Would we have sold when we had a 10%, 20% or 50% g...
by skor99
Sat Oct 28, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

Those individual stocks comprise around 15% of my portfolio and they are there, because per my research,I expected them to do relatively better as compared to the generic index fund. Those are stable big names so no FB like returns, but still have done better thus far than my index funds. Now, as we...
by skor99
Sat Oct 28, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

I am always on the lookout though of the next AMZN type though. No, I don't think like that. We have (mostly) broad index funds and accept Market returns. Consistent saving over decades has made us pretty lucky. :wink: I fully agree and follow the same approach. It is what is left after the 'mostly...
by skor99
Sat Oct 28, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I...
by skor99
Sat Oct 28, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

I actually do not expect any of them to triple anytime soon. Most of my stock holdings now are the slow stable big name types that pay a dividend. I am always on the lookout though of the next AMZN type though. I have gotten somewhat lucky with FB ( 2.5x now ) but it was a smallish investment and I ...
by skor99
Sat Oct 28, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3635

Re: Patient but not that lucky

OP, I was lucky that I lost 50% of my whole life savings 10+ years ago by gambling on the individual stocks. There was enough time for me to learn my lesson and recover from my mistake. It looks like you may not be as lucky. You had yet to suffer your big loss and learned from your lesson. KlangFoo...