Search found 156 matches

by why3not
Thu May 18, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7301

Re: Article: "Our emergency fund is exactly $0.00"

Remember 2008? -snip- How is a six month cash emergency fund looking now? This (basically) happened to my wife and I. I remember leading up to 2008 doing the same mental agonizing over the "drag" an emergency fund had on our returns... we had a big HELOC available, we had huge untapped cr...
by why3not
Thu May 18, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: Keep paying for AC refrigerant when tech cannot find a leak
Replies: 20
Views: 1545

Re: Keep paying for AC refrigerant when tech cannot find a leak

Generally speaking dye capsules can be added to a R410a system, but you would need to double check with your equipment mfr to verify it won't impact the warranty. "Leak sealer" certainly will impact warranty and I would not add it until you are past the warranty period. Leaks can be hard t...
by why3not
Wed May 10, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3188

Re: First 100 mile bike ride

Any tips for a first timer from those who have done it already? Using board lingo, I'm well into the single common club riding "centuries" or "doubles". All of mine have been solo unsupported though, so I can't really give you a many specific tips. A couple of generics: 1) Enjoy...
by why3not
Fri Apr 28, 2017 6:19 am
Forum: Personal Consumer Issues
Topic: Recommendations - Swimming Pool - Solar Cover
Replies: 8
Views: 622

Re: Recommendations - Swimming Pool - Solar Cover

I think you mean 8' to 3'.
I can say in the south, the blankets help quite a bit. We don't get the cool nights you get up there though, so I'm not sure it will translate. I don't put mine on after mid-May as pool temps get up above 85F from the ambinet/sun from there through the fall.
by why3not
Thu Apr 27, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 1696

Re: Hourly rate for carpenter?

are you paying them to do work for you as a homeowner or are you hiring them as employees?

for a homeowner, the going rates in my city are about 2x what Saving$ posted
by why3not
Thu Apr 27, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: When does it make sense to stop paying to repair your old vehicle?
Replies: 56
Views: 3911

Re: When does it make sense to stop paying to repair your old vehicle?

paint job sounds mostly cosmetic/elective, so I'm not sure I would include that in the repairs. your truck has 165k miles, the engine essentially 60k. I have only bought new for cash since my first car & each car or truck I've owned I've tipped 300k on the odometer, to me your truck is only half...
by why3not
Thu Apr 27, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: A checkup on my entire finance portfolio - am I on track?
Replies: 11
Views: 1131

Re: A checkup on my entire finance portfolio - am I on track?

Your immediate questions: 1) Hard to say. You need to figure out your desired AA & this is a very personal decision & one you may want to spend some time on. Lots of detail on the boards & in the wiki to help you decide what is right for you. This should be something you are convinced on...
by why3not
Thu Apr 13, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds
Replies: 18
Views: 2212

Re: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds

He said they could ... build a portfolio that could beat an S&P 500 fund by 3% People assume they will ... build a portfolio that always beats an S&P 500 fund by 3% I could do the former too, but not the latter, and neither can they. Good thing for this forum. +1 Difference between what som...
by why3not
Wed Apr 05, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 7010

Re: Secretly entered two comma club

First congrats on both fronts.

Second, you don't want to be that guy who forces himself, his wife and kids to live a life of a miser, only to die and his wife to discover they were multimillionaires, do you?
by why3not
Mon Apr 03, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 6480

Re: Weird house buying experience

(edit after finishing thread) So the builder-agent actually provided some sort of price list for a bunch of items and that price list later changed? And most of the changes were in the buyer's favor? What happens if that price list changes again in a month or 18? I think it was something more like:...
by why3not
Mon Apr 03, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 772

Re: Please provide guidance on portfolio

Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You have $9k of capital losses, you sell a fund for $4000 in ga...
by why3not
Mon Apr 03, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 772

Re: Please provide guidance on portfolio

Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You have $9k of capital losses, you sell a fund for $4000 in ga...
by why3not
Mon Apr 03, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 772

Re: Please provide guidance on portfolio

I tried doing that color thing when copying but no luck. Are you absolutely sure I can apply all $9k?? Tax act and all my reading has said it's $3k. Am I missing something? Yes. You can only deduct NET $3k per year, but you can apply as much as available to offset your GROSS gains. Example1: You ha...
by why3not
Mon Apr 03, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 6480

Re: Weird house buying experience

Kosmo wrote:. You negotiated a price to pay, not a price discount.

+1
Builder and you came to agreement to build house containing all of Y specs to price X.
by why3not
Fri Mar 31, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11055

Re: When do you plan to die?

dave_k wrote:I use 100 for planning purposes. When running simulations I'm OK with a few percent of failures after 90.

+1
by why3not
Fri Mar 31, 2017 6:43 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 7870

Re: Bankruptcy of Westinghouse Electric

This will affect just about every person living in the states of South Carolina and Georgia. My understanding is that South Carolina Electric and Gas (SCE&G) (a division of SCANA) has been passing along a good portion of the nuclear project costs to their customers for years. Something like 30%...
by why3not
Fri Mar 31, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 7870

Re: Bankruptcy of Westinghouse Electric

This will affect just about every person living in the states of South Carolina and Georgia. My understanding is that South Carolina Electric and Gas (SCE&G) (a division of SCANA) has been passing along a good portion of the nuclear project costs to their customers for years. Something like 30%...
by why3not
Thu Mar 30, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Sanity Check, or does it even matter if I'm sane?
Replies: 19
Views: 1875

Re: Sanity Check, or does it even matter if I'm sane?

Our annual burn rate, ex college expenses, taxes, and vacations, is maybe $80k per year. I expect that vacation/travel expenses will go up considerably when DW retires. I can tell you my plan (if all goes well & no guarantee that I am sane): end my working days with about 25-30x in fixed income...
by why3not
Thu Mar 30, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Stay the course, always?
Replies: 55
Views: 4482

Re: Stay the course, always?

No, you don't change your AA based on what the market is doing. That is market-timing. But no one knows the future with enough detail to do this successfully all the time. There are too many variables. These are the statements that get my inner curmudgeon riled up. The trick is to pick an AA that f...
by why3not
Thu Mar 30, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Keep two cars for one person to drive
Replies: 34
Views: 2589

Re: Keep two cars for one person to drive

Hi I like your answer, especially this part. "Your life is not a spreadsheet". I would suggest you focus on the "if the numbers are reasonable and you can manage 2 vehicles - why not" part of the answer. If the numbers are reasonable, ie you have no better use for the cash you c...
by why3not
Thu Mar 30, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on my investing strategy
Replies: 32
Views: 2729

Re: Opinions on my investing strategy

...so you'd probably want to keep going a little longer to make sure you're safe (Another 5 years would put you up to $800k). And that's close to a worst-case scenario, so I think you'll be okay. :happy Really? I look at it a bit differently. I look at a potential 50+ year retirement & think th...
by why3not
Mon Mar 27, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with allocation or low-risk alternative (LONG!)
Replies: 6
Views: 356

Re: Need help with allocation or low-risk alternative (LONG!)

You have a 3% withdrawal rate. You "should be" safe with your 50/50 mix. Try doing a search (box on top right) for "safe withdrawal rates" or "4%". We here are probably more conservative/pessimistic than most with regards to future returns but few would argue a 3% withd...
by why3not
Mon Mar 27, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Electric Space Heaters - Does expensive one heat better than cheap one?
Replies: 20
Views: 937

Re: Electric Space Heaters - Does expensive one heat better than cheap one?

1500 Watts/115V = 13Amps, your standard household breaker is 15A, so you can't really get much higher than that for a standard consumer item. I personally opted for the $10, throw-away versions rather than getting a longer-lived, more expensive version. I haven't regretted it but I probably have <50...
by why3not
Mon Mar 27, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 6580

Re: Weathering sell-off days like today

confusedinvestor wrote:How do you guys deiced to put lumpsum or DCA?

I am lazy. For me, it is easier to lumpsum & go do other things than to have to remember weekly (or whatever interval) to deposit x% into the account.
by why3not
Mon Mar 27, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 42
Views: 3318

Re: Geico insurance rate increase: 26.24% APY?

I may begin shopping around, because that is hard to seriously believe. 15 minutes online could save you 15% or more cuts both ways. My guess is you lost your "good student discount" when you turned 25. It is usually worth at least price checking your insurance every few years while young...
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: 5713

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: 5713

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: 18912

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: 6882

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: 10093

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: 18912

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: 1934

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: 7666

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: 3549

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: 1625

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: 7666

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: 1040

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: 16647

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: 1300

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: 1300

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: 7638

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: 2605

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: 2384

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: 4273

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: 2259

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: 4273

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: 822

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: 1602

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: 2060

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...

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