Bogleheads.org

steadyeddy

Thanks for the input! I will definitely get Eyesight, as the safety features are one of the reasons I want a Subaru. Unfortunately I will be commuting in it a few days a week and I'm sure I'll miss my more fuel efficient sedan, but after a few years of obsessing about getting an Outback, I think I'...

steadyeddy

Well, looks like neither has them except the Touring model. Price bumped up by almost $100/month. It's like getting to a used Audi Q5 territory. Looks like I will go with a Mazda CX-5 2017 for less since LED headlights are standard. Will miss the Android Auto but not the CVT. Life is full of rude a...

steadyeddy

Most of the responses assume any large lawsuit will be unjustified or frivolous. Imagine you are responsible for killing a young parent and paralyzing their child in an auto accident, but you wanted to save $200/yr and dropped your umbrella insurance. I wouldn't be able to live with myself.

steadyeddy

Speaking as a strong bitcoin skeptic , if I were into bitcoin I don't think I would see what's happened recently as a big deal. Anyone who bought bitcoin around the start of 2017 or before, if they sell today, has more than quadrupled their money, so fussing because "I coulda quintupled it!" seems ...

steadyeddy

China won't do anything brash. The move to efficient vehicles is best accomplished through a slow-moving target like the CAFE standards in the U.S. If China were to pass such a law, they would also need to build batteries in facilities that would dwarf the Tesla Gigafactory. I guess we can all watch...

steadyeddy

You'll need to work with the compliance department of her future employer to get specific answers to your questions. I can tell you this is a very common requirement among financial services employers to ensure their employees are not trading illegally (e.g. Insider trading, front running clients, e...

steadyeddy

I found this BCG paper helpful for understanding blockchain, some potential applications, and its constraints: https://www.bcg.com/blockchain/thinking-outside-the-blocks.html It does seem to me like blockchain has the potential to disrupt the inefficient financial services industry, but A) the finan...

steadyeddy

A Bose Soundtouch 300 soundbar. I agonized about going with the Bose or the Sonos, and eventually picked the Bose because it was newer with ARC support. Terrible, terrible decision. The phone remote app is awful (can't switch back and forth from Bluetooth to TV input using the app), the "integration...

steadyeddy

We just bought a 2018 Outback Limited 2.5 and it's been great for the last three weeks and 400 miles we've had it. We cross-shopped against Forester, CR-V, RAV4, and used RX 350's. The Outback came out on top for us, but it was a virtual toss up with the 2017 CR-V. Let me know if you have any specif...

steadyeddy

You had better believe every Ether trader just put in a standing buy order at $0.10. But it will never happen again.

The next one will be down to $0.11.

steadyeddy

I am a big proponent of letting young people have some autonomy and learn from experience. My concern would be allowing too much instant gratification/impulse purchases. A purchase that has been planned for a full year doesn't raise any of those alarms.

steadyeddy

I just did this (not in NY), so I'll tell you what I found. Obviously YMMV. I bought the new car before selling the old. I didn't want to be without a car. My insurance covered both the old and new vehicles (for the price of just covering the new one) for up to 30 days after the new car was purchase...

steadyeddy

It's easier to deal with getting punched in the face when you have an investment plan.

steadyeddy

I agree with much of the above. They set out to disrupt the market, but very quickly raised fees and became an also-ran. Love the website, but don't know that I would use them as a buyer or seller. And the market certainly needs to be disrupted. I can easily get all the information I need to price m...

steadyeddy

You might want to consider more than 1 million coverage. Over time, inflation will eat away at the value of that million. You will have two children to raise, and presumably send to college. One of you may want to be a stay at home parent. It is also possible that you may have additional children, ...

steadyeddy

Same story here; not enough inventory. House prices seem frothy to me, but with 30% of sales done for all cash, it doesn't look like a bubble. I guess I need to re-anchor on higher prices!

steadyeddy

I have driven a 2006 Mazda3 S with a stickshift for the last eight years. It is a fantastic, compact car. Reliability has been spotless for me, and they've only gotten better.

steadyeddy

My hypothesis is that UHNW investors are more likely to outsource investment management to a large bank or family office, and those asset managers are more likely to follow an active strategy to justify their fees. Just a shot in the dark.

steadyeddy

I recently flew from Minneapolis to Detroit on Delta. Both cities are big Delta hubs, so 80% of the plane was "elite" and 19% of the rest were in zone 1. It was comical.

steadyeddy

In my megacorp, each role has a pay band. Someone promoted into a higher payband might only get 85% of the lower bound of the new band. No need to pay the market rate for inexperience. The good news for the promoted employee is that compensation quickly shoots up from there as it is brought to the m...

steadyeddy

If you define "worth it" as paying for itself, then no. If you define "worth it" as being able to order a single tube of toothpaste with free 2-day shipping, then definitely. My toilet paper, laundry soap, car parts, dog food, lawn care supplies, tools, underwear, garage shelving, liquor, and pretty...

steadyeddy

Umbrella insurance serves 2 purposes: A) Protect you when you are not at fault. B) Compensate the other party when you are at fault without financially ruined you. KlangFool My understanding is that a typical umbrella policy provides no protection when you are not at fault. If you suffer a major lo...

steadyeddy

I travel roughly 30%. If the entirety of my job was the travel and the client meetings, I wouldn't dislike my job so much. But every minute I am on a plane or in a client meeting is a minute I am not tackling my overflowing inbox. For me, travel means staying up half the night getting my "real work"...

steadyeddy

I think you asked your question too early. Nobody seems willing to acknowledge that your income has increased and your expenses declined only very recently. Go ahead and work your plan. Come back in two years and say, "I have income of $210k, net worth of $700k, no non-mortgage debt, contribute $65k...

steadyeddy

Thanks for the feedback and responses everyone. That is why I came here in the first place. To give everyone an update... I am not going to be selling it. Over the past week, the offer went up to 1,250,000. It bottomed out there as a takeout or leave it. I am leaving it. To play devil's advocate an...

steadyeddy

Here is what I would do. I would keep the structured settlement and live off of it. That's my GUARANTEED cash flow that I can use to eat for the rest of my life. Next, I would work hard in my day job and save money. I don't need that salary to eat, so I can invest all that "extra" money to buy real ...

steadyeddy

She thinks you are controlling and/or judging her spending. You do not believe this is true. That is a serious disconnect.

A fun money budget might be a good logistical solution, but you need to address the feelings apart from any financial action items.

steadyeddy

Are you saying to pre-pay all 4 years in a lump? Not just tuition due? Yes, pre-pay all total in a lump, not just tuition due. This specific program is a grad program with fixed hours and numbers of courses over 2 years. I can see why institutions should do this (reduced attrition), but I doubt you...

steadyeddy

I would like to buy a new 2017 or 2018 small SUV, and keep it until the year 2030 and beyond. I recognize that some repairs will be required to keep a car running this long, but I'd like to minimize expensive repairs, and I certainly don't want to be regularly stranded on the side of the road as the...

steadyeddy

I've been a happy Ally Bank customer for checking, savings, and CD's for a few years now, but I just discovered a hole in their billpay service that I find very annoying. I want to use Ally's billpay service to send two monthly checks to the same vendor for two different services. I would like to pu...

steadyeddy

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. ...

steadyeddy

I have had insurance with Geico, Progressive, The Hartford, and most recently State Farm. I quickly check prices online annually to make sure my rates are in the right ballpark and switch if it makes sense. While reading Bogleheads last year, I learned that very few umbrella policies cover UM/UIM. I...

steadyeddy

Whole life insurance salesman, selling exclusively to bogleheads.

$0/yr

steadyeddy

None of us know what the future holds (SS, market returns, health, etc), so we do whatever seems prudent. I expect social security will pay 100% since it keeps a huge number of people off the streets, but it's a very uneducated guess.

steadyeddy

Insurance is not the devil. Bogleheads typically have life, health, disability, home, auto, umbrella, etc. The vast majority of insurance companies do not sell directly to consumers. If you want (highly competitive) quotes from these carriers, you need to work with an agent. I would say that P&C...

steadyeddy

OP, saving $11k of a $95k income for retirement seems like a prudent amount to me. I personally would not want reduce this amount to save for a down payment. Instead, I would try to increase my income or decrease my expenses if I could. But I'll also fess up that we did decrease our retirement contr...

steadyeddy

We have quite a few immigrant-run restaurants that I suspect make the owners less than minimum wage if they were to do the math. But with limited language skills, the proprietors have few other options. A $20k/yr profit for two full-time owners wouldn't keep me from closing the doors, but they can l...

steadyeddy

You only save $250,000 per year?! Enjoy your cat food in retirement! I think you should downsize to save more money. But seriously, if you truly love the house, there is no need to over analyze the financials. You make good money, you save great money, and no matter how much we even plan, market mov...

steadyeddy

When income is high but volatile, its best to make large purchases in cash. I would rent if you're not ready to do that.

steadyeddy

What's interesting to me is that folks on this forum state the market has things "priced in." It seemed the rate increase would have been priced in yesterday, yet markets are down today. But is that the only factor influencing the market today? No, but isn't it the main factor cited today...

steadyeddy

When faced with similar options, I popped the total costs of each mortgage over 30 years into Excel and found my best available 30 year fixed rate option would be a better than deal than my best 5/5 ARM option after 13 years, assuming the worst-case rate increases. I took the ARM knowing I am unlike...

steadyeddy

I think your plan to save as much as you can while you are young is a good one. My only caution is that if inflation averages 3% over the next 37 years, your $75k income 37 years from now will only be worth about $25k in today's dollars. So you might need to save more than you think over the course ...

steadyeddy

I haven't yet had issues with delayed prime shipments, but I do remember when Amazon began putting non-prime fulfillment at the back of the line several years ago. What used to take three days to receive began taking three weeks because Amazon would not pack it until two weeks after the order was pl...

steadyeddy

Definitely worth it if you do even a moderate amount of international and domestic travel. It's $20/yr for hours of your life back.

Now whether I feel happy about having to pay to avoid what's been proven to be ineffective security theatre is another story...

steadyeddy

4% isn't based on the past 30 years. Returns have to be lower than they were during the GREAT DEPRESSION (which is possible of course) for 4% not to work going forward. But it doesn't matter if the 80s and 90s don't repeat. 4% is not relying on good times to work. I think the 4% is overrated myself...

steadyeddy

Roughly a 4% withdrawal rate is conservative enough for me. I'll annuitize in old age if things start getting tight. I feel very comfortable risking my estate to retire a few years sooner.

steadyeddy

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...

steadyeddy

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...

steadyeddy

Thanks again everyone! This has been very helpful to me as I think about where to allocate funds. I currently live in a very modest house and have no kids, so the vast majority of our income is just piling up in savings. I'd like a bigger house someday and definitely ought to spend more on somethin...

steadyeddy

[...] Gross Income Maximum Monthly Housing Payment [...] $150,000 $3,500 [...] Please feel free to specify whatever reasoning you desire for how you arrived at your numbers, but please state numbers in terms of gross income to maximum monthly housing payment if possible. Thanks in advance! This is ...

Search found 626 matches