Search found 131 matches

by why3not
Thu Mar 23, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4546

Re: Vehicles as a percentage of net worth

Not in my NW calculation. Current cars worth under 10% gross annual income. When I have to buy a new one, I will try to keep the cost of that <10% gross income as well. For people with $300,000+ annual income, this seems doable. But 98% of the population needs a different formula. I am not sure wha...
by why3not
Thu Mar 23, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4546

Re: Vehicles as a percentage of net worth

Not in my NW calculation. Current cars worth under 10% gross annual income. When I have to buy a new one, I will try to keep the cost of that <10% gross income as well.
by why3not
Tue Mar 21, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 16548

Re: gratuitous homeownership items

Bathtubs - but RE agents tell me I have to keep one. I would like to have zero. What's the deal with this anyhow? I keep hearing it. Is it related to resale value that there's at least one "full" bathroom? I think that the idea is that, in order to appeal to families with young kids, you ...
by why3not
Tue Mar 21, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6396

Re: Recommended emergency fund for middle class households: $13,800

What I get out of the referenced article is not a recommendation for an emergency fund. Rather, it's a suggested amount of liquid assets available to smooth over wide, but normal, variances in income vs expenses. To me, that's a buffer, not an emergency fund. The latter is for financial disasters s...
by why3not
Fri Mar 17, 2017 5:13 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9273

Re: Anyone else taking less risk

My plan is already more conservative than I would like. I feel no need to take less risk based on stock prices. I am sticking with my plan (was relatively well thought out & talked out with DW) regardless of what my current feelings of stock prices are.
by why3not
Mon Mar 13, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 16548

Re: gratuitous homeownership items

Not truly gratuitous, but our guest suite is 390 sq ft & only sees use about 4-5 weeks a year.
The only other thing that might make the list is the jets in the tub. It turns out a non jetted tub would have fared just as well...
by why3not
Tue Mar 07, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Can a cordless Reciprocating Saw do the job of a small chainsaw?
Replies: 30
Views: 1669

Re: Can a cordless Reciprocating Saw do the job of a small chainsaw?

I own recip saws (corded & battery) and chainsaws (gas, corded & battery). For limbs & trunks <4" diameter, I would grab whatever one is handy. Battery recip as long as there isn't much to cut up. For limbs & trunks < 6" diameter, or a lot of small cutting I would probably ...
by why3not
Tue Mar 07, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6915

Re: How much do you spend on food in a year?

I doubt if I eat more than $5 a day in food, on average. Maybe a touch higher. I eat a reasonably healthy diet, but light on fruits and fresh veggies. ... Warren Buffet gets his breakfast at the McD drive in. $3 First, $1825/year on food & drink is impressive. I'd personally rather aspire to th...
by why3not
Mon Mar 06, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: How often do you discuss finances and spending with your spouse?
Replies: 60
Views: 3279

Re: How often do you discuss finances and spending with your spouse?

I'm really struggling to engage her about spending. The conversations are very very difficult. I went through something similar in the early attempts to discuss finances. I am both more numbers driven and much more frugal than my wife. Through (somewhat) painful trial and error, I discovered that t...
by why3not
Mon Mar 06, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What are your alternate investments?
Replies: 21
Views: 1526

Re: What are your alternate investments?

gasdoc wrote:Does a kid count? Otherwise, none.

gasdoc

Sure, I also count body fat, which I began storing up with the onset of middle age, it will come in handy for the black swan, famine inducing, world economic crash event that folks on here sometimes worry they aren't guarded against.
by why3not
Mon Mar 06, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6915

Re: How much do you spend on food in a year?

Family of 4 - $30k/year
15k/year at grocery store
7.5k/year eating out as a family
3k/year date night dinners
0.5k/year alcohol
1k/year party hosting
3k/year travel related in excess of typical week
by why3not
Fri Mar 03, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Should we refinance?
Replies: 12
Views: 960

Re: Should we refinance?

If you can get a 10 year refinance at a lower rate than you have, I would consider refinancing. Will have to take a close look at what the fees cost you. More likely, being the lazy sort, I wouldn't bother with the refiance & would stop taxable (paying off loan is risk free 5.5%!) and stop buyin...
by why3not
Thu Mar 02, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15470

Re: Possibly Financially Independent and Feeling Miserable

@ OP I haven't read any of the responses, most likely they are much better than mine. I am in a not dis-similar situation & the hardest part for me was when I hit what (on paper) was FI but various doomsday scenarios showed me failure was conceivable. I think the anxiety is somewhat normal &...
by why3not
Thu Mar 02, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Want to downsize, best option for funding home improvements
Replies: 22
Views: 1184

Re: Want to downsize, best option for funding home improvements

We've talked to a realtor ( two of them ) and were told we needed to make the bathroom improvements to get the sale price that meets comps in the neighborhood. We might not add significantly more to the sale price... The question you need to ask is how much below comps do the bathrooms put you (and...
by why3not
Thu Mar 02, 2017 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Want to downsize, best option for funding home improvements
Replies: 22
Views: 1184

Re: Want to downsize, best option for funding home improvements

Suggest you talk to a realtor & get a feel for what improvements will add more to the sale price than they cost & only pursue those.
by why3not
Thu Mar 02, 2017 5:31 am
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 6581

Re: Climate and happiness revisited

I followed a job from a cold northern climate to a warm southern climate. I didn't move for the weather, but after a couple of decades in the south, the only way I would consider chasing a job in the north is if it were 10x or more my current salary. And maybe not then. Life (to me) is much better w...
by why3not
Wed Mar 01, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Give Our Son a Down Payment
Replies: 18
Views: 2497

Re: Best Way to Give Our Son a Down Payment

So your 30 YO son cant buy his own car or get a mortgage without a cosigner? I would advise you go quite carefully over the costs of homeownership with him. While i think it is great/generous/loving etc of you to give him enough to have a downpayment, you dont want him to become house poor & end...
by why3not
Wed Feb 22, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Real estate vs debt payments
Replies: 34
Views: 2205

Re: Real estate vs debt payments

What is the market value of the lot? What is the expected rate of return, what are the annual taxes? I see it as a sort of pseudo-investment, that (hopefully) will offer some slow growth of capital. If you expect it to grow more than 3.75% annually (after taxes & RE costs), it is a decent invest...
by why3not
Mon Feb 20, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4122

Re: Once having achieved 30X -- share your strategy?

1) Actual expenses (inflation adjusted) need not go up at all as income or total assets grow. I have a detailed excel spreadsheet going back to 1992 and it shows that my average expenses have mostly just followed inflation over almost 25 years regardless of my income or wealth. This has not been my...
by why3not
Mon Feb 20, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2169

Re: home improvementl strategy

assuming you are talking about home improvement & not emergency home repair, to me the best strategy is: 1_ pay off student loans 2_ use excess + paid off loans to save cash in excess of 6 months expenses 3_ when #2 is enough to pay for home improvment, do so 4_repeat steps 2 & 3 until finis...
by why3not
Mon Feb 20, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4122

Re: Once having achieved 30X -- share your strategy?

FWIW, if I had assets 30x my spending, I would keep 12-18 months worth of expenses in cash equivalents (MM or online savings account) and dump the remainder in a portfolio that was 60% invested in equities and 40% in fixed income. This is what DW and I currently do (in the 25-30x range last time I ...
by why3not
Fri Feb 17, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 745

Re: Large capital gain in 2017 from estate, set money aside in CD now?

MisterBill wrote: The estate is going to pass thru the capital gains on the sale to the beneficiaries, but the estate tax year is not a calendar year, so I will not have to report it until my 2017 taxes.?

Aren't you getting the stepped up basis of the property? How much did it increase in value since she passed?
by why3not
Fri Feb 17, 2017 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Debt Payment Strategy/Interest Question
Replies: 26
Views: 1392

Re: Debt Payment Strategy/Interest Question

Flip this & think of two investment accounts. Account 1 has a balance of $100 and is returning 12% per year and is guaranteed to do so the next 100 years. Account 2 has a balance of $100,000 and is returning 1.2% and is guaranteed to do so for the next 100 years. Which one do you put your next $...
by why3not
Wed Feb 15, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1847

Re: Mailed Speeding Ticket via Auto System - Not Driver

BTW, @ the OP. Assuming you & your wife get along, there could be a reason to get the violation moved over to her name. Reportedly the insurance companies have now caught on to these "no point" violations & are beginning to adjust your car insurance rates accordingly. It is possibl...
by why3not
Wed Feb 15, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1847

Re: Mailed Speeding Ticket via Auto System - Not Driver

Does that seem fair or legal? Clearly it is legal. That is how the law is written & apparently (per pervious posts upthread) has passed through district circuit appeals. So that seems to leave either fighting it at the Supreme Court or getting the law changed through the legislature. In the mea...
by why3not
Wed Feb 15, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10745

Re: Who would quit playing if they already won?

Assume 30x Income = 1x Let's say 2x or 3x. Where would you "put aside the 1x? Where 1x = Y Then "Y"= 100% Vanguard Total Bond Market? or "Y" = 100% various Treasuries from Treasury Direct. or ??? j Me? Assuming your life expectancy is somewhere in the neighborhood of 30 yea...
by why3not
Wed Feb 15, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 8954

Re: -$280k Net Worth Has Me Up At Night

Hard to beat that risk free 6.5% after tax return on the student loans.
by why3not
Wed Feb 15, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: New cars or Pool?
Replies: 65
Views: 4097

Re: New cars or Pool?

I didn't read more than the first few responses, so I will just give some quick anecdotal thoughts. 1) Had pools for 20+ years now, all while raising kids. Never had near drownings by any of my kids & they generally are all self taught swimmers. Care & common sense by parents during the firs...
by why3not
Fri Feb 03, 2017 5:36 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10027

Re: Risk tolerance when you meet your number

1. Let’s say that you met your number and were financially independent but are young and didn’t want to retire yet. Would you (a) put all your money in a very low risk position (cash, TIPS, bonds, etc.) or (b) keep a certain piece in a riskier (stocks) position? What is so different about question ...
by why3not
Thu Feb 02, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 5547

Re: Milestone and gotta tell someone

Woo hoo!
Congratulations
by why3not
Wed Feb 01, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Prioritizing additional mortgage principal payment between Primary residence vs rental property
Replies: 5
Views: 450

Re: Prioritizing additional mortgage principal payment between Primary residence vs rental property

Monthly cash-flow from rental: negative 675 :oops: . Reason still keeping it around: -- Tried to sell it about 5 years ago when i relocated., but market was in dumps and house sat in the market for 6 months without offers. -- Demand for rental is high. -- It would have been cash flow positive if it...
by why3not
Mon Jan 30, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 5744

Re: Please Help with 25 Year Old Daughter-In-Law.

I suggest a gift with no strings attached rather than trying to manipulate her behavior though money. As part of the gift, you can suggest that you hope she will be able to contribute a matching amount to her 401k for her future, but then never ask again. If you don't like that, offer to pay her day...
by why3not
Thu Jan 26, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: Simple vs. Compound Return
Replies: 11
Views: 2196

Re: Simple vs. Compound Return

Randomwalker, I am not sure I understand your question "doesn't it make sense to consider diversifying across as many sources of return as possible"? There are quite a few posters who feel that the 3-fund portfolio does that (for the major investment classes at least). But I'm guessing tha...
by why3not
Fri Jan 20, 2017 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Trying to get on track
Replies: 35
Views: 2398

Re: Trying to get on track

We make approx 2x what you do, live in a HCOL area and are not exactly what I would call frugal. The line items that jumped out at me were: Clothing @ $1700. - this is about $1300-1400/month over our spending with 2 working adults + 2 kids. Groceries @ $2750 - this is about $1500/month over our spen...
by why3not
Thu Jan 19, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23802

Re: Annual Vacation Budget

metrunt wrote: so on a trip, we budget +$10 or $35 a day

While staying in hotels, I find this hard to do for myself, much less a family of 5.
by why3not
Mon Jan 16, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: How should I Invest my inheritance?
Replies: 7
Views: 1152

Re: How should I Invest my inheritance?

I agree that Compound gave you a great read. It would help you get better answers if you can provide a bit more detail. How old are you? What is the goal for the money (college, house, retirement, etc)? Investment time frame? (you have given us 10+ years, typically this long of a term makes me &...
by why3not
Mon Jan 16, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: newly acquired portfolio feedback
Replies: 19
Views: 1971

Re: newly acquired portfolio feedback

It looks like you are doing a good job & have a simple, easy to implement plan. The only things I have for consideration are: 95/5 is quite aggressive AA for a 2MM portfolio. It is easy to look back at charts for events like 2008 & think you can survive a few years of your account balance dr...
by why3not
Fri Jan 13, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: A Few BND Questions
Replies: 12
Views: 838

Re: A Few BND Questions

Hmm, I seemed to think that his justification was that he times by what the market did in the past, not by what he supposes it will do in the future?
by why3not
Fri Jan 13, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Amazon???
Replies: 22
Views: 3147

Re: Amazon???

150k representing 3% of your portfolio brings you in around $5 million? I am not personally into individual stocks, but at that level of capital you should be able to build "retiredwrench mutual fund" by buying a big basket of individual stocks to spread the pain of any single one going un...
by why3not
Fri Jan 13, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 1856

Re: Tight Budget Noobie help with Retirement

murael23 wrote:
aristotelian wrote:Granted I do wish I could have talked the wife into a cheaper vehicle than a 4x4 crew cab truck, but my attempts were unsuccessful.

I assume this is a joke.
by why3not
Fri Jan 13, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?
Replies: 7
Views: 671

Re: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?

If I understand, you are asking if you should invest in the same funds & the same % across 3 retirement accounts? If so, my answer is yes. It makes life simpler.
by why3not
Fri Jan 13, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 8
Views: 830

Re: HELP! First Time Investor

Thank you for all the replies. Yes, I don't need life insurance and wish I had thought about that before I had rushed into things last year. I've paid $950/mo for past 11 months. After all the reading on the internet, I think the best decision would be for me to chuck it up to experience and get ou...
by why3not
Thu Jan 12, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 8
Views: 830

Re: HELP! First Time Investor

Put a term life policy in place, and only then cancel the whole life. I don't really see the need for the OP to have life insurance. I think Whole Life was sold as an investment policy not an insurance policy. regarding #4, nothing wrong with a target retirement fund in your 401k. The problem is ke...
by why3not
Thu Jan 12, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4069

Re: Inquiring about familiy finances?

C.J. Langenhoven wrote:"Never offer unsolicited advice. The receiver might not know that you are smarter than him."
by why3not
Thu Jan 12, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 99
Views: 6937

Re: Investing only after a market correction

For a (at least close to) worst case scenario, you could look at beginning this plan inJune 1, 2007 and ask how long you would stick to your buying plan. It would take some real intestinal fortitude, but eventually would likely pay off... compare that to paying off debt instead. Is it likely that th...
by why3not
Thu Jan 12, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23802

Re: Annual Vacation Budget

In 2016, I spent 119 nights sleeping away from home, which included 59 nights in Spain, and on a different trip 21 nights in France, Poland and Czech Republic. My total travel expenses in 2016 were $13,563. Victoria Nice! I'm looking forward to being retired, ditch the kids and take trips when I ca...
by why3not
Thu Jan 12, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Been renting for 10 years. Is it about time for me to get my own place?
Replies: 11
Views: 1843

Re: Been renting for 10 years. Is it about time for me to get my own place?

I think JimB nailed a lot of the financial details. One of the things he missed is that the $170k you pull out of your taxable account will no longer be compounding growth & will instead be in the bank making them money. So lots of opportunity cost in your decision to buy. For example, would you...
by why3not
Wed Jan 11, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23802

Re: Annual Vacation Budget

Get FI squared away, take cheaper (but as enjoyable) vacations in the mean time, then go nuts once FI is set. Or, go nuts now, simply dismiss the whole argument as subjective value of "experiences", and don't worry about what some guy on the internet says. I have the last one covered with...
by why3not
Wed Jan 11, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23802

Re: Annual Vacation Budget

Unless folks are independently wealthy and have already won the game and retired - for the most part - these are ridiculous numbers to spend on vacations. I may be one you consider "ridiculous", but I'm sure there are things you spend money on that I would deem ridiculous. Travel is somet...

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