Search found 2483 matches

by texasdiver
Thu Jul 19, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 48
Views: 6427

Re: New book based on Millionaire Next Door

Regarding wealthy teachers: I wonder if there's a bias from people who started out in a non-educational field, made a lot of money, then switched to teaching. I sometimes flirt with the idea myself: I'm basically at a portfolio amount that's a little shy of actual FIRE, but if I had a job I enjoyed...
by texasdiver
Wed Jul 18, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 143
Views: 12474

Re: Early retirement

Retired Unemployed Self-employed Financially Independent Stay-at-Home spouse One could draw a venn diagram with a lot of these different circles overlapping in complicated ways. When one is of normal retirement age or older no one really questions or cares about the details. I see 75 year old “retir...
by texasdiver
Wed Jul 18, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Should your employment/income source determine your investment choices?
Replies: 15
Views: 1252

Re: Should your employment/income source determine your investment choices?

There is probably no end to the amount of massaging one can do to their portfolio to account for individual circumstance. This question was about hedging your investments against your profession. One could make a similar argument about location. If you live in CA should you hedge against that by inv...
by texasdiver
Wed Jul 18, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 48
Views: 6427

Re: New book based on Millionaire Next Door

deltaneutral83, https://www.aol.com/2012/03/26/surprising-job-that-gets-many-americans-into-the-millionaire-clu/ http://www.futurescopes.com/dating/wealthy-dating/3407/10-professions-most-millionaires You are wrong. There are 6 times more teachers that are millionaires than either the lawyers or do...
by texasdiver
Wed Jul 18, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 52
Views: 2316

Re: Wills

I am 60 married and have 2 adult children. My desire is for my husband to inherit everything and trust him to make sure my 2 children inherit everything 50/50 after he dies. I don't foresee any squabbling about this. I checked my state, Ohio, and if I die without a will, that is what the law says t...
by texasdiver
Wed Jul 18, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 23
Views: 1185

Re: How Unclaimed Property Laws Can Affect Retirees

This seems like a very good reason to consolidate accounts if, like most Americans, you have worked for various employers over the years and have legacy 401k accounts scattered around. Between my wife and me, we would have over 15 different retirement accounts by now had we not been diligent about c...
by texasdiver
Wed Jul 18, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 48
Views: 6427

Re: New book based on Millionaire Next Door

deltaneutral83, https://www.aol.com/2012/03/26/surprising-job-that-gets-many-americans-into-the-millionaire-clu/ http://www.futurescopes.com/dating/wealthy-dating/3407/10-professions-most-millionaires You are wrong. There are 6 times more teachers that are millionaires than either the lawyers or do...
by texasdiver
Tue Jul 17, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 143
Views: 12474

Re: Early retirement

I think we need to have a sticky where we clearly delineate 'financial independence' from 'retirement'. Financial independence means that one no longer must work to satisfy their financial needs. Agreed, and 'retirement' means NOT WORKING and living solely off of one's savings/investments and pensi...
by texasdiver
Tue Jul 17, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 143
Views: 12474

Re: Early retirement

I walked away from teaching this year at age 54. I’ll probably try some part time educational consulting and curriculum development. But mostly I’ll be a stay at home dad. And look for possible side gigs to keep me busy. My wife will likely keep working for another 10 years or so until she is about ...
by texasdiver
Sun Jul 15, 2018 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Life Cycle Fund
Replies: 4
Views: 482

Re: Vanguard Life Cycle Fund

As I've changed jobs and professions over the years I always roll whatever retirement savings I have back into my main account (Federal TSP not Vanguard). I just don't like having bits of money all over the place. If you do decide to leave the funds in your old employer's plan, keep and eagle eye on...
by texasdiver
Sun Jul 15, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 64
Views: 7189

Re: Building a Pool

We had a pool in our Central Texas home. It was an upscale suburban area outside Waco and judging from google satellite images I would estimate that probably 1/3 of the houses in our neighborhood had pools. Here in WA (outside Portland) probably no more than 1 in 50 homes have pools. In our case we ...
by texasdiver
Wed Jul 11, 2018 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4507

Re: Target date funds....unsophisticated?

My wife and I have the bulk of our investments in two target retirement funds. Myself in the TSP where there is no added fee penalty for using the target retirement option My wife in a Vanguard rollover IRA where there is a slight fee penalty compared to using admiral shares of the underlying funds ...
by texasdiver
Wed Jul 11, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2064

Re: Tool cabinets?

This guy went crazy comparing tool cabinets. https://www.garagejournal.com/forum/showthread.php?t=153445 Apparently in 2018 Harbor Freight re-designed their tool cabinets to make them heavier and deeper and the newer "series 2" models are getting good reviews as well. Gotta wonder how all this new t...
by texasdiver
Wed Jul 11, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2064

Re: Tool cabinets?

I have 7 bikes hanging from heavy duty storage shelves all along the right wall along with other outdoor gear. One of the most underutilized surface in a garage is the ceiling. I hang all my bicycles from the ceiling above the front hoods of our vehicles. They are out of the way and free up preciou...
by texasdiver
Wed Jul 11, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2064

Re: Tool cabinets?

I'd take a step back and think about what you need and where you need it. I'll start by saying that I probably have every tool known to man in my garage including a 220V stand up compressor bolted to the floor and a 4 post lift. The vast majority of work I do on things is in the garage. Tools I use...
by texasdiver
Wed Jul 11, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2064

Re: Tool cabinets?

I went through this exercise and read all the reviews, watched the videos, etc. for these cabinets. I was willing to buy a $nap-On if that was the only quality option. :moneybag The big ones cost thousands of dollars, though! :shock: Fortunately, Harbor Freight makes a line called US General which ...
by texasdiver
Tue Jul 10, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2064

Tool cabinets?

I'm reorganizing my garage this summer and have my tools scattered across about 6 different tool boxes, bags, and buckets. I'm thinking about consolidating the majority of my mechanical tools into one of the big rolling tool cabinets like this: https://www.costco.com/SPG-International-42%22-Tool-Che...
by texasdiver
Sun Jul 08, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: Article: Rich kids are counting on inheritance to pay for retirement
Replies: 31
Views: 4493

Re: Article: Rich kids are counting on inheritance to pay for retirement

I’m not sure what’s clickbait. It’s a Bloomberg story reporting on a survey from Merrell Lynch. One result: “Not only are more members of Generation Z (the ones in their late teens and early 20s) betting on an inheritance, but more think it may come from someone other than their parents. Some 17 per...
by texasdiver
Sun Jul 08, 2018 11:18 pm
Forum: Investing - Theory, News & General
Topic: Article: Rich kids are counting on inheritance to pay for retirement
Replies: 31
Views: 4493

Article: Rich kids are counting on inheritance to pay for retirement

Most astonishing article I’ve read in a while. Affluent “Generation Z” kids expect the sharing economy and their friends to pay for their retirement? Do they know something I don’t? Wow. https://www.bloomberg.com/news/articles/2018-06-07/rich-kids-are-counting-on-inheritance-to-pay-for-retirement
by texasdiver
Sun Jul 08, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets
Replies: 16
Views: 3514

Re: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets

Sometimes i believe that some people have a hard time turning the switch from saving to spending. Also some have all of their wants and needs met, and can live on social security and their pensions. This is my parents at age 80.. They have a $1 million+ porfolio They spend about 60% of their "incom...
by texasdiver
Sun Jul 08, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: How come voice command on Garmin GPS is so lousy compared to Google Maps?
Replies: 22
Views: 1576

Re: How come voice command on Garmin GPS is so lousy compared to Google Maps?

Just curious why a big, wealthy, international organization like Garmin, who depend entirely on GPS products that customers have to buy, can't figure out how to do voice command that works as well as a GPS product that is free. Maybe someone knows the answer to this. Hey Garmin: are you listening? ...
by texasdiver
Sun Jul 08, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3503

Re: Do you count pension contributions as a portion of your overall retirement contributions.

The math gets too messy if you try to count pensions as part of your portfolio. I've worked as a Fed and have taught in 2 different states and so have 3 small pensions at this point that I can start drawing in 11 years. All combined they will add up to about 20K per year. But I don't count these pen...
by texasdiver
Sun Jul 08, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: How come voice command on Garmin GPS is so lousy compared to Google Maps?
Replies: 22
Views: 1576

Re: How come voice command on Garmin GPS is so lousy compared to Google Maps?

Unless security is crucial, proprietary GPS systems based on downloading and locally storing maps on a dedicated device are inferior to cloud-based systems that can be, at least theoretically, updated constantly. ...and when you're in a remote area without access to the cloud.....then those systems...
by texasdiver
Fri Jul 06, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How to title a car for a teen
Replies: 9
Views: 1277

Re: How to title a car for a teen

I'm sure you will, but just remember to carry enough insurance. In some states, a vehicle titled in a parent's name and provided for use of a child is considered a family purpose vehicle, rendering the parent liable for the negligence of the child. This is likely to be the case for a minor child no...
by texasdiver
Fri Jul 06, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Cane Toad Hell: Any Remedies?
Replies: 21
Views: 1779

Re: Cane Toad Hell: Any Remedies?

One of the all-time classic science documentaries often shown in AP Environmental Science classes is about Cane Toads in Australia. The kids are usually shocked into stunned silence. Here it is

https://www.youtube.com/watch?v=6SBLf1tsoaw
by texasdiver
Thu Jul 05, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2905

Re: Coffee Grinder recommendations

I've been using the Capresso 565 for years. Fabulous grinder. Not really made for swapping out beans though. You'd have to tilt the grinder and pour out the beans to do that. The grind is adjustable from course to powdery fine. It has a numbered timer so once you figure out which number produces the...
by texasdiver
Thu Jul 05, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Multi-unit garbage woes..
Replies: 20
Views: 1484

Re: Multi-unit garbage woes..

About all you can do is gate the complex to keep outside cars off the property, or enclose the dumpsters into fenced cages with keypad locks. And then install warning signs and video cameras (or fake video cameras) and let people know they are on camera. People looking to dump household trash are go...
by texasdiver
Thu Jul 05, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Boat Towing
Replies: 14
Views: 1205

Re: Boat Towing

That's what a 9.9 hp kicker with a separate fuel tank is for.

Of course most of my boating has been in Alaska where I don't think towing services really exist. Although you might get the USCG or someone else on the VHF to lend a hand in a real emergency.
by texasdiver
Thu Jul 05, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: How come voice command on Garmin GPS is so lousy compared to Google Maps?
Replies: 22
Views: 1576

Re: How come voice command on Garmin GPS is so lousy compared to Google Maps?

Garmin is a tiny company with fading product lines compared to Google and apple. And their most profitable product lines are their military, and commercial marine and aviation GPS systems that don't use voice command anyway. I expect in the future Garmin will give up trying to keep up with phones fo...
by texasdiver
Tue Jul 03, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Retirement
Replies: 12
Views: 872

Re: 403b Retirement

What state does she work in? Must be CA since CalSTRS Pension 2 is an option. Then DEFINITELY consult the 403b Wise web site and forums. The founders/administrators of that site are California teachers (or were) and they discuss a lot of CA-specific issues. And they are also active here: https://40...
by texasdiver
Tue Jul 03, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Few Questions About Early Retirement
Replies: 13
Views: 1952

Re: Few Questions About Early Retirement

What you are missing is that a LOT of life changes can come after age 35. At age 35 I was single like you, although not with anything like your portfolio. 10 years later I was married with 3 kids and relocated across the country for my wife's career, buying a house, etc. 15 years later oldest daught...
by texasdiver
Tue Jul 03, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on next steps
Replies: 9
Views: 671

Re: Advice on next steps

Thanks, very helpful. PS. I have never seen an HDHP with an HSA that was a more expensive option, but there is first for everything and healthcare insurance is unpredictable. I have seen some competitive FSA and HRA based plans that are close in price though. I was quite surprised myself, however w...
by texasdiver
Tue Jul 03, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Retirement
Replies: 12
Views: 872

Re: 403b Retirement

What state does she work in?
by texasdiver
Sun Jul 01, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7127

Re: Emerging Markets in Bear Territory

This is a reason why I have most of our investments in target retirement funds. I know there is an emerging market component in our portfolio but it isn't broken out so when I track account balances I don't see the separate balance for each component of the portfolio and start thinking about making ...
by texasdiver
Sat Jun 30, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: Vacation- home precautions?
Replies: 11
Views: 1499

Re: Vacation- home precautions?

Minty wrote:
Sat Jun 30, 2018 12:22 am
I set the manual lock on the garage door, and turn the hot water heater to "pilot".
How do you do this? Do you have a separate deadbolt or something on the garage door or is i a setting on your automatic door opener?
by texasdiver
Fri Jun 22, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20665

Re: Can you retire on $2M?

No need to move overseas to reduce costs of living. There are plenty of low cost communities in the US that will be very accommodating to a low cost lifestyle providing you aren't expecting to land high-earning professional jobs nearby. Move to Arkansas or Texas outside of the big cities for example...
by texasdiver
Thu Jun 21, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Steep rise in "Old Age Dependency Ratio"
Replies: 15
Views: 2021

Re: Steep rise in "Old Age Dependency Ratio"

From what I have read, the decades of 1-child policy in China have created an even bigger future demographic time bomb in China. Here's just one example:

http://www.businessinsider.com/china-on ... omb-2017-5
by texasdiver
Thu Jun 21, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Partial Owner of Inherited Family Farm/Land
Replies: 16
Views: 2206

Re: Partial Owner of Inherited Family Farm/Land

I would be wary of these sorts of joint-ownership situtions. Here's a story from my mother's family. My grandfather owned a dairy farm in Central Pennsylvania and a fairly large separate tract of woodland (about 100 acres) on the mountain hillside above. My uncle took over the farm and bought it fro...
by texasdiver
Thu Jun 21, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Going unemployed but has a TRS- Teacher retirement system of Texas
Replies: 5
Views: 575

Re: Going unemployed but has a TRS- Teacher retirement system of Texas

Great advice on downloading the booklet. My guess is you are vested after 5 years but would need at least 10 yrs and maybe 20 to get the normal benefit of 2.3% per year of service. Less than that and the benefit usually gets prorated. But that should all be explained in the booklet As far as I know...
by texasdiver
Wed Jun 20, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 42883

Re: Is the first 100k really the hardest?

I first started saving around 1989 when I landed my first real full time job that provided enough income to actually save something. I didn't have any kind of retirement plan but I did open an IRA with Janus. Back then the IRA contribution limits were $2,000 or about $166 per month which seemed like...
by texasdiver
Wed Jun 20, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Going unemployed but has a TRS- Teacher retirement system of Texas
Replies: 5
Views: 575

Re: Going unemployed but has a TRS- Teacher retirement system of Texas

Former Texas teacher here. First, go to the TRS web site and download the TRS Benefits booklet. It is a pdf that explains all of this. Don't necessarily trust your HR people to know all the details of TRS. Mine didn't and I was in a medium/small district. A far as I know, this is basically your situ...
by texasdiver
Sun Jun 17, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

OP. I am a bit confused by your post. You are 54 years old. In 10 years when your kid goes to college, you will be 64 years old. So, you could withdraw IRA/401K penalty-free at that time. Am I wrong in thinking this way? The problem with dropping 401K contribution is you will be paying a lot more t...
by texasdiver
Sun Jun 17, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

You may not have mentioned it for a reason, but, for what it's worth you may also have the benefit of social security to assist your retirement portfolio. Yes we are counting on social security in some form. My wife is 7 years younger but will have more work history so the larger social security if...
by texasdiver
Sun Jun 17, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

Just wondering why you are leaving your teaching position? I am also wondering whether you are teaching at a college as some colleges have some sort of tuition waivers. It seems risky to leave it to do some side gigs. Not college, high school. It wasn't voluntary. My contract wasn't renewed. My dis...
by texasdiver
Sun Jun 17, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

Looks to me like perhaps discrimination. What does your union think? That said I think you are good to go, as long as wife keeps her current job. Even without your and wife's voluntary contribution I suspect you retirement is solid. Don't give your kids more you can afford. You'll be fine Decided n...
by texasdiver
Sun Jun 17, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

Just wondering why you are leaving your teaching position? I am also wondering whether you are teaching at a college as some colleges have some sort of tuition waivers. It seems risky to leave it to do some side gigs. Not college, high school. It wasn't voluntary. My contract wasn't renewed. My dis...
by texasdiver
Sat Jun 16, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Re: Can we afford to drop our 401k contributions to pay for college?

It isn’t clear where the rest of the money for college is coming from, assuming that your net from your salary was more than the $18,500 that your wife won’t be contributing to retirement anymore. Didn't want to get deep into the weeds about budgeting but mostly just belt tightening. We recently mo...
by texasdiver
Sat Jun 16, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2058

Can we afford to drop our 401k contributions to pay for college?

Pretty simple question here. I'm leaving my teaching job while my wife is continuing to work full time as a physician. That means somewhat reduced income going forward with one child in college and two more to come. I'm 54 and my wife is 47. We hope to have enough saved for retirement so that we can...
by texasdiver
Fri Jun 15, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 3580

Re: Light Camping Trailer

With a small child I would at least recommend a porta-potty if you forgo the built-in toilet. You can get little portable ones if the camper doesn't come with one. Some of the camp sites have long walks to the bathroom ... I camped for many years with 3 young children. The potty is a must. Especial...
by texasdiver
Fri Jun 15, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 3580

Re: Light Camping Trailer

Cody wrote:
Thu Jun 14, 2018 6:43 pm
Most vehicles can pull a camper but the real question is "can your vehicle stop it". That is what we have been told by countless camper people.
Cody
Need a camper with trailer brakes and a 7-pin wiring harness and brake controller in the car. That can all be retrofitted.