Search found 709 matches

by LiterallyIronic
Fri Jul 20, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 148
Views: 10406

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: 88
Views: 5746

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: 9095

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: 13115

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: 13115

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...
by LiterallyIronic
Sat Jul 14, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 13115

Re: Saving 20% of paycheck isn't enough

Good luck. A 4% safe withdrawal rate combined with retiring at 50 is aggressive and contains plenty of sequence of return risk. Yeah, that's what the buffer is for. 4% would get me $2,000/month, but I should be able to get by on half that (2%) in a pinch. There is a reasonable chance you could live...
by LiterallyIronic
Fri Jul 13, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 13115

Re: Saving 20% of paycheck isn't enough

For the sake of my argument, I will say we want to retire at 50. This topic is open to discussion, I feel that 10-20% savings is simply not enough and should be aimed more at 40% to achieve an early retirement goal. I want to retire at 50. To calculate the percentage I need to save, I simply determ...
by LiterallyIronic
Fri Jul 13, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 13115

Re: Saving 20% of paycheck isn't enough

For the sake of my argument, I will say we want to retire at 50. This topic is open to discussion, I feel that 10-20% savings is simply not enough and should be aimed more at 40% to achieve an early retirement goal. I want to retire at 50. To calculate the percentage I need to save, I simply determ...
by LiterallyIronic
Fri Jul 13, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 77
Views: 5263

Re: Tell me what's wrong with my strategy

Frankly, having 30% of my portfolio in five companies is way too risky for my taste. Do you have the need and ability to take that kind of risk?
by LiterallyIronic
Wed Jul 11, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 1999

Re: When to start taxable?

I realize that optimally, I should be maxing my work 401k and Roth IRA first. I max my Roth IRA and contribute 10% to my 401k, to get full 5% employer match. I utilize the Vanguard 3 fund portfolio in my Roth, and Vanguard target date in my 401k. I also pay some extra principal at my 4.0% mortgage ...
by LiterallyIronic
Wed Jul 11, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 6570

Re: Walking Coast-to-Coast

That is an amazing and inspirational story!
by LiterallyIronic
Tue Jul 10, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4333

Re: Which advanced tech is necessary in cars?

lane departure warning, automatic braking, blind spot monitoring, adaptive cruise control, etc. Also, anyone have experience with CarPlay? Is it worth it or better off just mounting your phone to the dash? None of those things are necessary. It's not difficult to look where you're going. But it wou...
by LiterallyIronic
Tue Jul 10, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Having first child - Life Insurance question
Replies: 37
Views: 2543

Re: Having first child - Life Insurance question

Absolutely term over whole. Don't even entertain the idea of whole. Though I'm not sure about the 30-year thing. My wife and I had our first last year (and have been dragging our feet, mostly because my wife is 50 pounds overweight and therefore would cost more than me despite being five years young...
by LiterallyIronic
Tue Jul 10, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 3959

Re: Monthly Water Usage

These low amounts are blowing me away. Our bill for last month showed we used 25,000 gallons. At $1.44 per 1000 gallons, that made for $36 in water usage + the $15.29 base water fee + the municipal water tax of $3.08 = $54.37. That was with us running the sprinklers for 20 minutes per zone (we have...
by LiterallyIronic
Mon Jul 09, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5631

Re: Girls and investing

I would like to personally thank those who pointed out that investing isn't different for girls than it is for boys and that we shouldn't treat people differently because of their sex.
by LiterallyIronic
Mon Jul 09, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5205

Re: Should I take a $60k paycut to work 4days/week

I also had a late start to my career so I’m behind in savings. About $350k in retirement currently. Behind in savings? How many 34 year olds have $350k saved for retirement? Indeed. I had a late start to my career so I'm 34 with $62k saved for retirement. If I had the option of making $340k/year wo...
by LiterallyIronic
Sun Jul 08, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 3959

Re: Monthly Water Usage

These low amounts are blowing me away. Our bill for last month showed we used 25,000 gallons. At $1.44 per 1000 gallons, that made for $36 in water usage + the $15.29 base water fee + the municipal water tax of $3.08 = $54.37. That was with us running the sprinklers for 20 minutes per zone (we have ...
by LiterallyIronic
Fri Jul 06, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 8955

Re: What time do you get up in the morning?

6am. Out of bed, dressed and heading to work by 6:15 Arrive at work 6:35-6:40 Gym till about 7:30 Work till 4~4:30 and head home Home before 5. I hear all these parents complain that they have no time.... But if you ask probing questions usually it turns out that they dont go till work till 8 or 9....
by LiterallyIronic
Fri Jul 06, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Can you help me figure out how much emergency fund $ I REALLY need?
Replies: 38
Views: 2843

Re: Can you help me figure out how much emergency fund $ I REALLY need?

$10k seems low for your expenses. I keep mine at $10k because my expenses are a lot lower. In a pinch, I could get away with $808 PITI + $250 utilities + $170 health insurance + $200 food + $150 gasoline + $40 cell = <$1,700/month. If my "in a pinch" expenses were $4k/month, I'd want a good $20k eme...
by LiterallyIronic
Fri Jul 06, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Need full coverage health insurrance for just THIS month only (between jobs) -- can't find it
Replies: 20
Views: 1986

Re: Need full coverage health insurrance for just THIS month only (between jobs) -- can't find it

At risk of kicking a hornet's nest here, but I'd just go the 25 days without health insurance. You won't incur the ACA tax unless you 90+ days without coverage (if I recall correctly). And the odds of something terrible happening in a given 25 day period are virtually zero - just don't do anything c...
by LiterallyIronic
Thu Jul 05, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 8955

Re: What time do you get up in the morning?

The time varies, but the duration doesn't. Weekdays I sleep from 10pm to 6am (gotta be at work at 7:30). Friday night to Saturday morning, I sleep from 2am to 10am. Saturday night to Sunday morning, I sleep from 11pm to 7am.
by LiterallyIronic
Tue Jul 03, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Question about Cutting Cable
Replies: 18
Views: 1779

Re: Question about Cutting Cable

I have free Google Fiber, so that isn't going to be available for you. But I don't understand everyone who's saying you need 100Mbps. Ours is 5Mbps and we stream Netflix just fine. And online gaming is just fine. The only time the speed is noticeable is when I'm downloading a multi-GB game, and I ha...
by LiterallyIronic
Tue Jul 03, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4222

Re: Will I ever be able to itemize?

Sounds like you're in the same situation I am. Renting before the tax change and bought a house at the end of 2017. The higher standard deduction makes me better off than I would be with the lower standard deduction, but it doesn't make me better off relative to renting . That is to say, one of the ...
by LiterallyIronic
Tue Jul 03, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Fed survey: 40% of adults cannot cover a $400 emergency expense
Replies: 48
Views: 4996

Re: Fed survey: 40% of adults cannot cover a $400 emergency expense

The problem is not living below your means. Or even at your means.

This video sums it up nicely: https://www.youtube.com/watch?v=Qb8hTzUoI54
by LiterallyIronic
Fri Jun 29, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: What is an average expense ratio?
Replies: 14
Views: 853

Re: What is an average expense ratio?

Those are really bad. Were they in a 401k? My 401k has terrible expense ratios. 1.6% for the target retirement fund + 0.4% plan fee + $20 administrative fee = 2% + $20 annually. Meanwhile at Vanguard I pay 0.16%. Literally 1/10th.
by LiterallyIronic
Fri Jun 29, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

If I had no debt, I wouldn't take a loan at 0% in order to invest. There is no circumstance where I would borrow money for the purpose of investing it. I'll borrow all the 0% money I can get. FDIC insured CD's are easily available at ~2.4% for 12 months. I already stated that I don't consider putti...
by LiterallyIronic
Fri Jun 29, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

Yes - money if fungible and decisions are best made on your entire financial position and not in isolation. School loan was taken 5 years back / 0% due for almost another year / could & can pay it back at any time / but money is being made off of it each year/ by the time it is due it has yielded g...
by LiterallyIronic
Fri Jun 29, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Anyone use T-mobile cell network?
Replies: 32
Views: 1798

Re: Anyone use T-mobile cell network?

Having a modern phone does make a difference, as others have said: an iPhone 7 will often work great in areas where an iPhone 5 will not work at all. This is absolutely the case. T-Mobile has been changing up their frequencies (or whatever the technical term is) over the years. My six-year-old phon...
by LiterallyIronic
Fri Jun 29, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

OK - so if you can get that same spread with a school loan, mortgage ,car loan business loan, etc or the like you could see how it works. Nope, I don't see what you're talking about. If I get a school loan, mortgage, or car loan, then I got the loan to pay for school, house, or car, and I absolutel...
by LiterallyIronic
Fri Jun 29, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

"If I had no debt, I wouldn't take a loan at 0% in order to invest." Are you saying that you would not take a loan like $100K for 0% and put it into a CD for 3%+? I don't consider putting money into a CD to be "investing" (just like I wouldn't consider putting money into my checking account to be "...
by LiterallyIronic
Fri Jun 29, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

Imagine you had no debt. At what interest rate would you take on debt in order to invest. That threshold should be the same answer as the threshold to pay off debt you have. My threshold would probably be 1% if the debt wasn't a nuisance. I consider things like auto titles being held by the bank an...
by LiterallyIronic
Thu Jun 28, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

Imagine you had no debt. At what interest rate would you take on debt in order to invest. That threshold should be the same answer as the threshold to pay off debt you have. My threshold would probably be 1% if the debt wasn't a nuisance. I consider things like auto titles being held by the bank an...
by LiterallyIronic
Thu Jun 28, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3404

Re: What is your debt interest rate threshold?

Imagine you had no debt. At what interest rate would you take on debt in order to invest. That threshold should be the same answer as the threshold to pay off debt you have. My threshold would probably be 1% if the debt wasn't a nuisance. I consider things like auto titles being held by the bank an...
by LiterallyIronic
Tue Jun 26, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20702

Re: Can you retire on $2M?

I have a rhetorical question. Why would anyone want to "retire" at age 40? What possibly would you do with all that time (that doesn't cost a lot of money)? I have over 100 games on Steam, GOG, etc that I haven't even touched yet that I need to play (for reference, my most-played Steam game is at a...
by LiterallyIronic
Mon Jun 25, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 122
Views: 12485

Re: Why not go 100% stocks?

why not keep 100% of my assets in stocks? Obviously the more you have in stocks, the riskier it is. Now, only you can determine what your asset allocation should be, based on need, ability, and willingness to take risk. It sounds like you're willing to take the risk. With that kind of income versus...
by LiterallyIronic
Fri Jun 22, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20702

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by LiterallyIronic
Fri Jun 22, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20702

Re: Can you retire on $2M?

Just move overseas for the win The moving overseas idea to reduce costs is an illusion, Most countries are more expensive than the US. I live in Tel Aviv, a very expensive proposition, certainly much more than my original LA (and I lived in BH). Although having a national health system (by the way,...
by LiterallyIronic
Fri Jun 22, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1731

Re: What do you include in your grocery budget?

We don't "budget" per se; we just write down everything we spend. We categorize only necessary food under "Groceries." Things like toilet paper go under "Personal Care." We also have a category for Cleaning Supplies, one for House/Yard Maintenance, and so on for other things that could be bought at ...
by LiterallyIronic
Fri Jun 22, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 42940

Re: Is the first 100k really the hardest?

I certainly hope it's the hardest, because I'm not even close to it and it's been hard as all-get-out. If the next one is even harder, I'm toast.
by LiterallyIronic
Fri Jun 22, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20702

Re: Can you retire on $2M?

I mean, I absolutely could (and would without any hesitation). But it's unclear if you're asking if you could. And if you are asking that, 8% withdrawal is too high and we need information about expenses and taxes.
by LiterallyIronic
Thu Jun 21, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 3410

Re: Does an IPS really need to be 5 pages long to be valuable?

Mine's not even written down. I just know to keep my emergency fund at $10,000, to automatically invest 25% of gross income into target retirement funds, and pay an extra $200/month to my mortgage. Doesn't matter what happens beyond that.
by LiterallyIronic
Wed Jun 20, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Marriott hotels using Alexa/Echo in guest rooms?
Replies: 34
Views: 3168

Re: Marriott hotels using Alexa/Echo in guest rooms?

In principle, I'm against any types of listening devices in the rooms. I, too, am one of the crazies with a tinfoil hat on nice and tight. No voice activated products in my house. I would use an Alexa if it did everything internally - no Internet connection. Same reason I'd never ride in a self-dri...
by LiterallyIronic
Wed Jun 20, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13921

Re: Oh my! Cardone says we need $10m net worth

FTA: "If you retire today at 65 with $1 million in cash (after taxes) and no new income from any source, you would have to live off of $40,000 a year" Good thing that's almost twice as much as I need. My target is far below $1 million. High earnings are very important, but one doesn't need to make 5...
by LiterallyIronic
Tue Jun 19, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4379

Re: Shorting Amazon

At the valuation Amazon is at if it stumbles it won't touch the sides as it goes down. The whole business model will then come into question -- the pursuit of growth over profits. So if it goes wrong, expect it to then go very wrong, and to completely derate (ie PE ratio fall). Amazon's business mo...
by LiterallyIronic
Tue Jun 19, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4379

Re: Shorting Amazon

At the valuation Amazon is at if it stumbles it won't touch the sides as it goes down. The whole business model will then come into question -- the pursuit of growth over profits. So if it goes wrong, expect it to then go very wrong, and to completely derate (ie PE ratio fall). Amazon's business mo...
by LiterallyIronic
Mon Jun 18, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on House Purchase
Replies: 13
Views: 1774

Re: Sanity Check on House Purchase

House price for your income seems very reasonable.

Just watch out that utilities might be higher than you're expecting.
by LiterallyIronic
Mon Jun 18, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: One handed Android phone?
Replies: 38
Views: 1784

Re: One handed Android phone?

The LG K30?
by LiterallyIronic
Sun Jun 17, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11904

Re: Which boglehead rule do you break--and are ok with

How often do you go out to dinner in a month? Depending on where you like to go eat, not going 1-2x a month should cover it. Zero. We only go out to eat when we have restaurant giftcards that we get from watching someone's kids or something. I recently got a giftcard to Olive Garden from work for a...
by LiterallyIronic
Sun Jun 17, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11904

Re: Which boglehead rule do you break--and are ok with

I pay extra on my mortgage even though I haven't maxed out my 401k. Does that count as breaking a Boglehead rule? We also don't have life insurance, despite having a one-year-old. It's been on my to-do list, but who has the time? Do you have time to watch SportsCenter or whatever TV shows you like ...