Search found 754 matches

by LiterallyIronic
Mon Sep 17, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 57
Views: 4241

Re: Is there such thing as saving TOO much?

LiterallyIronic, You are not used to being on this side of this particular type of conversation, are you? It seems it is usually someone else questioning how you can live on so little. Just goes to show no matter how rich/poor/smart/dumb you think you are, there is always someone richer/poorer/smar...
by LiterallyIronic
Mon Sep 17, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 57
Views: 4241

Re: Is there such thing as saving TOO much?

tman9940 wrote:
Mon Sep 17, 2018 12:53 pm
So Far this year, I've saved roughly 26k...and I've made about 38k...
How? I would've expected taxes to cut that $38k to $30k. You've lived nearly nine months on $4k?
by LiterallyIronic
Mon Sep 17, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 57
Views: 4241

Re: Is there such thing as saving TOO much?

but I am curious as to if there is such thing as saving TOO much... Well, yeah, but the problem is that you only know after-the-fact. If you save half your income and then get hit by a bus on your way home from work the day before you were going to retire, then you saved too much - you could've sav...
by LiterallyIronic
Fri Sep 14, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 117
Views: 10363

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Many people climb the corporate ladder because they enjoy having more responsibility, more control, etc. - not everyone is doing it purely for financial reasons. If you are comfortable at the level you are at I wouldn't go out of my way to move forward if the additional responsibilities don't inter...
by LiterallyIronic
Wed Sep 12, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6316

Re: Hurricane Florence - survival guide

Maybe one thing to add for the generator comments - a chain and lock to keep it from walking off. It tended to be a problem in our vicinity during Harvey and previously during Ike. People would go around at night looking for generators, it was pretty obvious who had them and who didn't merely due t...
by LiterallyIronic
Tue Sep 11, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2318

Re: Investing in 5G Wireless

2) All major wireless providers are building 5G networks. 5G is claimed to deliver 1 gbps to users. That's equivalent to the fastest commercially available wireline service today. I can't speak to what it takes to actually achieve this, but I'm sure it will be doable. After all, 4G LTE originally w...
by LiterallyIronic
Mon Sep 10, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7059

Re: Anyone else playing catch-up in their 40's?

Anyone else playing catch-up in their 40's? Not yet (because I'm "only" 34), but I will still be playing catch-up in my 40s. Didn't finish school until I was 32 (and I don't have a Masters or anything higher than a BS), so I didn't have much of an income to save. So I missed most of the post-recess...
by LiterallyIronic
Mon Sep 10, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 112
Views: 9498

Re: Anyone else not save for cars?

I don't, because I buy clunkers. I just take the cash from my emergency fund to buy a car and then build the emergency fund back up.

At only 150,000 miles, you should be able to get at least 50,000 more out of it, I would hope.
by LiterallyIronic
Wed Sep 05, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey actually suggested borrowing money?
Replies: 38
Views: 3726

Re: Dave Ramsey actually suggested borrowing money?

Most $2K cars today are garbage despite your contention that safe and reliable vehicles are abundant in that price category. For your first decent car get a loan (if you need to) that you can pay off in 3-4 years on a vehicle that will last 7-8 years. Something like a 2013 Corolla. Keep paying your...
by LiterallyIronic
Wed Sep 05, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey actually suggested borrowing money?
Replies: 38
Views: 3726

Re: Dave Ramsey actually suggested borrowing money?

What happens when this wonderful $2000 used car needs a new engine, transmission and just about everything else? I buy sub-$1000 clunkers, so I can tell you what happens. When they need a new engine or transmission, I sell the car to a pick-n-pull and buy a new sub-$1000 clunker. This results in a ...
by LiterallyIronic
Tue Sep 04, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4564

Re: How much do you spend on kids extracurriculars?

123 wrote:
Mon Sep 03, 2018 1:47 pm
In olden times there were open fields, sometimes local parks, and neighborhood kids to play with. Kids did fine. We seem to have lost that except in the smaller more rural areas.
Seriously. Whatever happened to doing your homework and then biking over to a friend's house to play?
by LiterallyIronic
Thu Aug 30, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 232
Views: 21056

Re: U.S. stocks continue to soar!

Huzzah! Always good to have two threads for market timing instead of just one! It's a rebalancing thread :) Rebalance by posting in the other thread! Just now, "soar" was at the top of the threads. "Freefall" was number two. Battle of the threads. Perfectly balanced, as all things should be.
by LiterallyIronic
Wed Aug 29, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: How much a buffer zone in your estimate of retirement expenses?
Replies: 64
Views: 2976

Re: How much a buffer zone in your estimate of retirement expenses?

I'm building in a buffer of about 25%-33%. I figure we'll need about $1,500/month, but I want enough to have $2,000/month just in case. I operate under the assumption that I'll be paying zero taxes in retirement, due to low income. That sounds pretty hard to do for a couple. Medicare part A and a s...
by LiterallyIronic
Wed Aug 29, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: How much a buffer zone in your estimate of retirement expenses?
Replies: 64
Views: 2976

Re: How much a buffer zone in your estimate of retirement expenses?

So my question is: Did (do) you have an accurate estimate of your expenses in retirement? Did (do) you have a healthy buffer zone for that? and how much is your buffer zone? In my case, the estimate with a 50% buffer zone could go up to $120,000 a year and I have to work a few more years for that k...
by LiterallyIronic
Mon Aug 27, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Cars... just another tool unless your a tool.
Replies: 28
Views: 2582

Re: Cars... just another tool unless your a tool.

I've never owned a car that was younger than 10 years old or had fewer than 100,000 miles on the date of purchase (currently driving a 2001 Stratus with 180,000 miles), but, man, would I love to own a DeLorean some day.
by LiterallyIronic
Mon Aug 27, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Is it worth chasing down this $10 fee?
Replies: 38
Views: 3037

Re: Is it worth chasing down this $10 fee?

I once accidentally transferred $3.87 from my credit card to my checking account, rather than from my checking account to my credit card. My bank charged me a $10 cash advance fee. I immediately called them and they reversed it in two minutes. Absolutely worth the time spent.
by LiterallyIronic
Fri Aug 24, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7646

Re: I still use cash not credit cards should I reconsider?

I'm in my mid 50s. I work make a decent living. Same with DW. Every 7-10 days or so I grab $3-$400 from the atm. That's how I spend money. I have credit cards and only use them if for travel or if I'm in a pinch. DW uses her credit card for everyday items. Perhaps it's a phobia of sorts but I feel ...
by LiterallyIronic
Fri Aug 24, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7646

Re: I still use cash not credit cards should I reconsider?

I'm in my mid 50s. I work make a decent living. Same with DW. Every 7-10 days or so I grab $3-$400 from the atm. That's how I spend money. I have credit cards and only use them if for travel or if I'm in a pinch. DW uses her credit card for everyday items. Perhaps it's a phobia of sorts but I feel ...
by LiterallyIronic
Thu Aug 23, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of medical events that may ruin your retirement?
Replies: 73
Views: 5346

Re: What kind of medical events that may ruin your retirement?

To me this is the primary reason for having health insurance in this country. Not because you expect the health insurance company to pay most of the cost, but simply to have access to the steep discounts off of list price that the insurance provider has negotiated. Any payments made by the insuranc...
by LiterallyIronic
Wed Aug 22, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11861

Re: Is a million really the benchmark for retirement

My wife and I have never spent anywhere close to $100k over many years in metro Atlanta and I think we have a really nice lifestyle. 100k is a must to have a decent living for two people even if in LCOA. Let's say Rent $2000 a month (or $1000 mortgage, 500 property tax + 500 insurance and repair) F...
by LiterallyIronic
Wed Aug 22, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9455

Re: Landlord Nightmare

If he isn’t part of a protected group, then you can’t be discriminating. What is a protected group? A group of people protected from discrimination or harassment by the Constitution or some other law, policy, or regulation. See generally https://en.wikipedia.org/wiki/Protected_group . Everybody is ...
by LiterallyIronic
Mon Aug 20, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: How much clothing do you need to get by?
Replies: 20
Views: 2160

Re: How much clothing do you need to get by?

1. Up to 2 days per week of "business professional" meaning a matching suit. Job sometimes requires court and I dress up on Sundays. 2. Up to 5 days per week of "business casual" in a 4 season climate. Khaki, polo, Oxfords. 3. Up to 2 days per week of casual. Jeans and a t-shirt, hoodie, sweater, e...
by LiterallyIronic
Mon Aug 20, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11861

Re: Is a million really the benchmark for retirement

The only "benchmark" per se is to save 25 times your annual expenses (an even this is contested if that 4% withdrawal rate is too high). If your annual expenses are $40,000 or more, then yeah, you'll need $1 million (assuming no social security), at least. If your annual expenses are $32,000, then y...
by LiterallyIronic
Thu Aug 16, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6112

Re: Savings rate per month???

I thought I was doing decent at 25% of gross ($63,500 income with stay-at-home wife and a one-year-old), not including employer match or extra mortgage principal payments.
by LiterallyIronic
Thu Aug 16, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2078

Re: Time for new phone, Buy or Lease?

I'd buy an entry/mid phone. You can get a Motorola from Costco for about $120 and any of the newer phones at places like Cricket are about $100-150. They are all equivalent to "high end" phones from a couple years ago. For reference I just received a Samsung J7 Star from my employer. It has better ...
by LiterallyIronic
Tue Aug 14, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7146

Re: Using ACA for early retirement years

I still have a ways to go before 50, when I want to retire, but my plan is to use Medicaid from 50 to 65, then Medicare from 65 onward. I expect our taxable income to be lower than the poverty line.
by LiterallyIronic
Fri Aug 10, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6751

Re: Paper checks yes or no?

My bank provides free money orders and I use at least a couple per month (electric bill and gas bill, at a minimum). Maybe you could look into that?
by LiterallyIronic
Thu Aug 09, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: Device to listen to while exercising?
Replies: 23
Views: 1753

Re: Device to listen to while exercising?

I use a small mp3 player made by Polaroid. Super cheap, super light. Holds a gig or two, so plenty of music.
by LiterallyIronic
Thu Aug 09, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

I'm curious - - if I recall correctly, you're planning to retire early in a very frugal manner. Would you work an extra two years to send your children to college? I'm going to interpret "send" as "pay for," because my kid(s) (we only have one, but we're thinking about a second and final one), coul...
by LiterallyIronic
Thu Aug 09, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

<<(in-state tuition + living expenses) times 4 yrs for each kid.>> Let's call this amount as X. If your net worth excluding the house at the time that when your kid goes to college is X, would you do it? How about 0.25X? How about 2X? I don't understand how anybody's answer to that question could b...
by LiterallyIronic
Thu Aug 09, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

<<(in-state tuition + living expenses) times 4 yrs for each kid.>> Let's call this amount as X. If your net worth excluding the house at the time that when your kid goes to college is X, would you do it? How about 0.25X? How about 2X? I don't understand how anybody's answer to that question could b...
by LiterallyIronic
Thu Aug 09, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

<<(in-state tuition + living expenses) times 4 yrs for each kid.>> Let's call this amount as X. If your net worth excluding the house at the time that when your kid goes to college is X, would you do it? How about 0.25X? How about 2X? I don't understand how anybody's answer to that question could b...
by LiterallyIronic
Mon Aug 06, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

No. I figure when our kid turns 18, we'll say, "Here's $10,000, use it on school, or a car, or a wedding, or house down payment, or whatever you want." We just won't have the money to do anything more than that. This is almost exactly our situation and plan, too. We are looking at many options, tho...
by LiterallyIronic
Mon Aug 06, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15363

Re: Will you pay for your kids' college/graduate education?

No. I figure when our kid turns 18, we'll say, "Here's $10,000, use it on school, or a car, or a wedding, or house down payment, or whatever you want."

We just won't have the money to do anything more than that.
by LiterallyIronic
Fri Aug 03, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11905

Re: 3 Levels of Wealth

Working with them made me realize that the way they think about money was on a totally different planet from mine. Being able to fly your family 1st class several times a year to Singapore or Sydney used to be "Wealthy" to me too. Not after I worked with those guys. There was another person who was...
by LiterallyIronic
Wed Aug 01, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5999

Re: Financial upside / downside of marriage vs cohabiting

Wow, I had to read this post twice. You aren't even married and you are thinking about divorce as an option. You don't live like a married couple, sorry. This. This is not a relationship board, but it's amazing how many posts of this nature show up. That recent one about splitting the costs of the ...
by LiterallyIronic
Tue Jul 31, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7622

Re: Are millennial botching their asset allocations?

Some would call me a Millennial, but I'm 34 and consider myself Oregon Trail Generation. Don't really fit in with the whole "Millennial" thing of gluing my face to my phone and taking pictures of my food. :happy But I graduated in December 2008, right into the terrible job market. But, unlike what ...
by LiterallyIronic
Tue Jul 31, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7622

Re: Are millennial botching their asset allocations?

Some would call me a Millennial, but I'm 34 and consider myself Oregon Trail Generation. Don't really fit in with the whole "Millennial" thing of gluing my face to my phone and taking pictures of my food. :happy But I graduated in December 2008, right into the terrible job market. But, unlike what t...
by LiterallyIronic
Mon Jul 30, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Where is the money going?
Replies: 21
Views: 2929

Re: Where is the money going?

It's just like the value of a baseball card. Maybe last year people would've given me more for my Babe Ruth rookie card (I don't actually have one), than they'd give me this year. Doesn't mean the money "went anywhere". Same as if you buy apples on sale - the difference in price didn't "go anywhere"...
by LiterallyIronic
Tue Jul 24, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16287

Re: New book based on Millionaire Next Door

the authors decided to take another look at millionaires in the United States to examine what changes could be seen 20 years after the original publication of The Millionaire Next Door. In this book the authors highlight how specific decisions, behaviors, and characteristics align with the discipli...
by LiterallyIronic
Tue Jul 24, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6400

Re: I want to sell my home, but I don't want to fix it up

I wouldn't want to have a contractor "complete everything", knowing I wouldn't be checking in at all. Maybe I'm the only one naive enough, but I would trust and expect a person who I hired to do a particular job on my house to actually do the job, whether or not I was there. I mean, I guess I've on...
by LiterallyIronic
Mon Jul 23, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6400

Re: I want to sell my home, but I don't want to fix it up

I wouldn't want to have a contractor "complete everything", knowing I wouldn't be checking in at all. Maybe I'm the only one naive enough, but I would trust and expect a person who I hired to do a particular job on my house to actually do the job, whether or not I was there. I mean, I guess I've on...
by LiterallyIronic
Mon Jul 23, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6400

Re: I want to sell my home, but I don't want to fix it up

If the difference really is $150,000, that should be enough to pay someone else to take care of all the headaches and still turn a nice profit for you. I'd pay someone else to do everything.
by LiterallyIronic
Mon Jul 23, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3897

Re: Buying home, how to head off a bidding war.

Last time we bid on a house, we made an offer with an escalation clause, e.g., we will match any documented cash offer or come within $5k of a documented mortgaged offer, but not to exceed $XXX,XXX. Took the emotions out of it and made it so that we weren't bidding against ourselves. What happens i...
by LiterallyIronic
Fri Jul 20, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 13126

Re: What I spent in 6 months on medicare

Did you reap the (promised) benefits of your ACA plan when you joined?: 1. Saved $2500 2. If you liked your doctor, you could keep your doctor 3. If you liked your health plan, you could keep your health plan (or to quote a recent thread, are you calling that Bravo Sierra? :wink: ) I think my emplo...
by LiterallyIronic
Tue Jul 17, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7101

Re: Families - What's your total annual credit card spend?

Family of three. I'd say around $300/month goes on credit cards. Groceries, household products, and gasoline purchased by my wife. She pretty much uses her credit card for every expense. I always use debit (almost everything), money orders (utility bills), or cash (when card isn't accepted). I will ...
by LiterallyIronic
Mon Jul 16, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 10013

Re: Why own a bed?

We just put the boxspring on the floor and the mattress on top of that (and the foam mattress pad on top of that, because ours is a seven-year-old $399 mattress and you can totally feel the springs without the foam pad).
by LiterallyIronic
Mon Jul 16, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 14032

Re: Saving 20% of paycheck isn't enough

We took a similar trajectory. Saved very little in my 20s. Fortunately, did not have student loans to repay, but didn't finish graduate school, and really start career, until age 32. Single income, with SAHM after that. The biggest thing we did was to not ramp up our lifestyle while our income grew...
by LiterallyIronic
Sat Jul 14, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 14032

Re: Saving 20% of paycheck isn't enough

Thanks. I will need luck. I ignore inflation but build in a buffer of the end amount. I want to have $600,000 by age 50, which will get me a 4% SWR of $24,000 or $2,000/month. With no mortgage (I also have to have the mortgage paid off before retirement), I should be able to get our expenses way un...