Search found 243 matches

by 10YearPlan
Tue Aug 14, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 8115

Re: Is it possible to change one's career in their 40s?

Like some other folks have said, it would be helpful to have something to run to, vs from. Without that passion or spark, it is much more difficult. Also, to me, it sounds like you're just in a rut. Were I in your shoes, I'd look up some careers that are emerging and see what can apply to your exis...
by 10YearPlan
Thu Jul 26, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10963

Re: An argument against self-insuring for long-term care

I read somewhere that you should purchase long term care insurance at 60 years old. Not before. Also, I live in south florida and have had 2 relatives that lived in adult living facilities (cost $5000.00) month and one was in the VA nursing home that cost him ($6000.00) a month. So, yes very expens...
by 10YearPlan
Thu Jul 26, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 8115

Re: Is it possible to change one's career in their 40s?

Like some other folks have said, it would be helpful to have something to run to, vs from. Without that passion or spark, it is much more difficult. Also, to me, it sounds like you're just in a rut. Were I in your shoes, I'd look up some careers that are emerging and see what can apply to your exist...
by 10YearPlan
Mon Jun 11, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5509

Re: How do you celebrate (potty trained kid) milestone with your spouse?

I love to celebrate, but I have to be honest, we have never celebrated milestones of this nature.

That said, the wine/day without the toddler/wine is a nice idea.
Or flowers and a funny card commemorating the occasion.

It's nice that you want to celebrate this. Nothing wrong with that at all.
by 10YearPlan
Tue Jun 05, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7977

Re: Is our monthly Personal money out of line?

Thanks for all the great responses. To me, "optimize spending" means not wasting money and getting the most utility out of what we do spend it on. Now I know that "wasting money" means different things to different people. :beer I do like the perspective that as long as we're on track to meet our f...
by 10YearPlan
Mon Jun 04, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7977

Re: Is our monthly Personal money out of line?

Thanks for all the great responses. To me, "optimize spending" means not wasting money and getting the most utility out of what we do spend it on. Now I know that "wasting money" means different things to different people. :beer I do like the perspective that as long as we're on track to meet our f...
by 10YearPlan
Mon Jun 04, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15067

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

I have almost no business weighing in on this thread, given my lack of biglaw experience, degrees, and pedigree; but I am intrigued by your plan and would like nothing more than to see it succeed. It seems like such a long shot, but if you do pursue and have even a little success, it would make a gr...
by 10YearPlan
Sun Jun 03, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 9167

Re: is Having more and needing less normal?

To be horrified that you dress better than your peers is kind of an odd reaction. If clothes aren't your thing, that is fine. But they are some folks' thing. What is "better" ? "Those clothes look more expensive than mine" would not be "better." "Those clothes, purchased used, had nearly no increme...
by 10YearPlan
Sun Jun 03, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7977

Re: Is our monthly Personal money out of line?

It might be just the way you worded it, but it really feels like you're asking whether your wife's personal money is out of line. And, for your income, I'd say no, it does not seem outlandish. That said, one thing that you should consider is that while your wife may frivolously spend on beauty produ...
by 10YearPlan
Fri Jun 01, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 9167

Re: is Having more and needing less normal?

OP, It seems like some of this lack of passion for things you used to like is distressing to you, and I think that is the thing to examine. To me, it reads like you are in a rut. I could be terribly mistaken, of course. Seeking simplicity and placing less value on stuff as you get older is perfectly...
by 10YearPlan
Fri Jun 01, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 9167

Re: is Having more and needing less normal?

A happy moment as parent of a teenage daughter was when my daughter commented that I dress better than most dads at her school. Andy. My reaction would have been more one of horror than happiness. "Dressing better than..." is not a goal. I think, coming from a kid, that is a huge compliment, honest...
by 10YearPlan
Thu May 31, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5780

Re: Advice for assisting 18 year old son after high school

I think it is great that you want to help, but at 18, even with his history, I think you need to be careful not to be overly invasive. I would offer to pay the uncle for 6 months while son gets on his feet, and maybe take him shopping for some work-appropriate clothes and get him set up initially; b...
by 10YearPlan
Thu May 31, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

I disagree. It's not about what the friends think. It's what the OP thinks. I, too, would be embarrassed even if my friends were breezy about it. OP, your neighborhood sounds a LOT like mine. Most people take good care of their homes, and seem to care about curb appeal to some extent. Many are comp...
by 10YearPlan
Thu May 31, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

I have to wonder what some people are thinking when they look at the more well-cared for properties. Do they think: "Suckers!"? or maybe "Thanks for helping the property values I am so diligently working on bringing down?" Or maybe they just don't see the difference? We just don't care enough to sp...
by 10YearPlan
Wed May 30, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

4. If you're embarrassed to have people over because of your neighbor, they're probably not good friends. +1 I disagree. It's not about what the friends think. It's what the OP thinks. I, too, would be embarrassed even if my friends were breezy about it. OP, your neighborhood sounds a LOT like mine...
by 10YearPlan
Wed May 30, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Advice for Career Change from HR Benefits to Analytic/STEM Role
Replies: 16
Views: 1789

Re: Advice for Career Change from HR Benefits to Analytic/STEM Role

I think there is a HUGE demand for big data/analytics/business intelligence in HR right now. Is there any way to get involved in a project within your own company that can help get you some experience in this space while you ponder your options?
by 10YearPlan
Tue May 29, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9243

Re: Help Buying Mens Shoes for Work and Dating

I, for one, applaud you for crowd-sourcing advice on such an important topic. I absolutely think shoes can make/break a look on women AND men. For dating, I think a lot of women care about men's shoes. And agree with the bit about avoiding rubber soles and/or sneakers unless doing something athletic...
by 10YearPlan
Fri May 25, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8451

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

I honestly don’t know how probable the situation you describe is. The original statement was about treating easily survivable conditions. Would health care providers agree to withhold treatment for a UTI because someone had dementia? Let's look at a few different scenarios: 1) Hospital: Mom is hosp...
by 10YearPlan
Fri May 25, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8451

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

I am, unfortunately, very familiar with this topic. Both of my parents got sick, more or less simultaneously. Both ultimately required full time care: one parent went to an assisted living facility specifically for Dementia and the other was cared for by a FT caregiver at home in the final months. B...
by 10YearPlan
Tue May 22, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 2120

Re: When should we stop contributing to our 529?

I would probably contribute a small amount each year until closer to college, but definitely be less aggressive about it. In our case, we started later and are much closer to college now and even I plan to halt contributions once we hit approx 60-70% of college expenses for our two kids. I do not wi...
by 10YearPlan
Tue May 15, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: Requesting to go part time - negotiating strategies
Replies: 45
Views: 4950

Re: Requesting to go part time - negotiating strategies

This is tough. From an employer perspective, it sounds like they value you but may be in a tough spot if they grant it. They might *need* you full time and have concerns about pt status and productivity and a part-timer takes up headcount, and filling the other half of that headcount may not be easy...
by 10YearPlan
Tue May 15, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: At a crossroads. Does my plan make sense?
Replies: 29
Views: 2929

Re: At a crossroads. Does my plan make sense?

Hi, I'm the OP. I want to provide a postscript to my original message. Yesterday, thanks to the encouragement and advice of the people on this board, I resigned from my job. (I gave three weeks notice. Want to leave on good terms. I'm in management. And you never know.) After 39 years in marketing,...
by 10YearPlan
Thu May 10, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Question
Replies: 22
Views: 2644

Re: Mortgage Payoff Question

While I understand the desire to pay off the mortgage, in your case I would not. At least not yet. Here's why: 1. I would never pay off the mortgage if it meant cutting back on retirement savings at all, especially at your age and in your tax bracket. Now is the time to be socking it away. 2. If you...
by 10YearPlan
Thu May 03, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Budget for kid's sport?
Replies: 49
Views: 2631

Re: Budget for kid's sport?

seems like a very full plate for a 7 year old. We were a 1 sport /per kid at a time family (3 kids). We did allow for a little overlap from soccer to baseball or similar, at the end of one season-start of another. We primarily did rec sports before age 10-11, that cost about $70 a season (9-10 game...
by 10YearPlan
Tue May 01, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help me get on top of some debt before college expenses arrive...
Replies: 50
Views: 3116

Re: Help me get on top of some debt before college expenses arrive...

I might be one of the few people who actually get where you are coming from. Not necessarily a good thing, but I do understand your position and why you feel the way you do. What I would do, in your shoes: 1. Pay off the 401(k) loans as soon as possible. They make me nervous, especially with potenti...
by 10YearPlan
Mon Apr 23, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 10513

Re: Inheritance Changing Lifestyle

Finally read the other responses, and pleased to see several people recommending a happy medium type of approach. Wife may not have a "say" on the $5M, but you will both be paying taxes on the income, so she definitely should have a say there. Were I in your shoes, I'd be inclined to look at the inc...
by 10YearPlan
Sun Apr 22, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 10513

Re: Inheritance Changing Lifestyle

I didn't read the other responses yet, but the first thing that struck me is that there is a world between 4 and 5 that needs to be explored. If you inherit $5M at age 50something, when already on track for retirement and don't change your lifestyle, that to me is a missed opportunity. Unless you lo...
by 10YearPlan
Sun Apr 22, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 6204

Re: How long have you been unemployed?

48. No unemployment since agd 15. Unless you count unpaid maternity leave (12 weeeks).
by 10YearPlan
Mon Apr 16, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18320

Re: Can I retire at age 40?

No. I would most definitely not retire with your current numbers. I would build up some college savings in the next 3-5 years, whilst also looking to trim your expenses to see "how low you can go" if push were to come to shove once retired. It will also help you sock away a little extra in the meanw...
by 10YearPlan
Tue Apr 10, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2845

Re: Easily digestible info/blog on finances for spouse?

All great responses, thank you. Here's what I can add: 1. I am the saver in the family and she is the spender. Together we did the online Dave Ramsey Financial Independence course about 8 years ago. She was reluctant but eventually willing to do the course and I applaud her for it. To me, a budget ...
by 10YearPlan
Tue Apr 10, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2845

Re: Easily digestible info/blog on finances for spouse?

I agree that we need to know what your objective is and where your spouse is with regard to interest, etc. That said, there is one book I think is very well done in terms of getting spouses on the same page, financially: Smart Couples Finish Rich. It's not an investing primer, it's more about how to...
by 10YearPlan
Fri Apr 06, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3627

Re: Large Single Stock Position - Can't Sell - Retirement Account

Taking out the can't/won't sell aspect of it, this feels a lot like other posters who have a set aside dollar amount or percentage of "play money". While the vast majority of their portfolio is invested according to their preferred allocation of stocks and bonds, indexed, they have a portion they ac...
by 10YearPlan
Mon Apr 02, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 13612

Re: What age is the best to give a child control of an inheritance?

Definitely need to re-do our will, thanks to this conversation. For full control of a lot of money, 35-40 sounds about right. By that time, they will have established themselves in a career, possibly started a family, been able to make smaller financial mistakes on their own that they (hopefully) le...
by 10YearPlan
Mon Apr 02, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Age 55, Fast Strategy to Retirement
Replies: 59
Views: 7928

Re: Age 55, Fast Strategy to Retirement

I'm having trouble following OP's posts, but if they want to fund retirement from zero in ~12 years, they need to save 60% of net income, as per Mr Money Mustache: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Saving in retirement accounts like IRAs a...
by 10YearPlan
Mon Apr 02, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Age 55, Fast Strategy to Retirement
Replies: 59
Views: 7928

Re: Age 55, Fast Strategy to Retirement

To be honest, I am having a hard time understanding some of what you have written. Here are my assumptions: 1. You have 40k invested today. All stocks. 2. You have the potential to net 300k or so from sale of house, which is pending. 3. Your income is 68k combined. 4. You're 55 and want to retire in...
by 10YearPlan
Sat Mar 31, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Percentage to Retirement
Replies: 13
Views: 2261

Re: Percentage to Retirement

Welcome! Short answer: as much as you possibly can. Do you have a goal in mind such as a specific # or age to retire? If so, then your percentage/strategy may need to be tweaked over time to achieve that goal. I never had a goal until I was in my early 40s. By then the super-early retirement opportu...
by 10YearPlan
Sat Mar 31, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 5145

Re: When did you know your kids would go to college?

Such a touchy subject. In my family, for my generation and the ones above us, having a degree is exceedingly rare. My grandparents on one side didn't even go to High School! And even though I graduated from HS in the late 1980s not the 1880s, it was not a "given" for me to go, either. Despite the fa...
by 10YearPlan
Wed Mar 28, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 9397

Re: Should we save for our son's college?

Short answer: yes, you should Longer answer: with your income your kid(s) will never qualify for any type of aid. Assuming you want your kids to get a degree, and are grooming them to do so, it would be doing them a disservice to leave them up to their own devices to pay for it, when aid is not an o...
by 10YearPlan
Wed Mar 28, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: How many are using Automatic contributions?
Replies: 41
Views: 3273

Re: How many are using Automatic contributions?

I would say we're like 98% automatic everything-contributions to retirement, taxable, 529, additional mortgage payment...most of that is recurring monthly or twice a month. But when we have any "extra", we will make the occasional additional investment. For me, recurring is the way to go. Set it and...
by 10YearPlan
Wed Mar 28, 2018 1:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 22346

Re: A lot of heavy hitters this morning

OP, I feel you. I'd be lying if I didn't occasionally feel a pang of jealousy upon reading posts. But then I remember the reason I come here-to learn from others who have achieved financial independence or are on their way. If you take out windfalls, which are out of our control, then most people ac...
by 10YearPlan
Mon Mar 26, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Age: 35 General Budget and Finance Questions (6 years later)
Replies: 22
Views: 3352

Re: Age: 35 General Budget and Finance Questions (6 years later)

I would pay off the $47k student loan. If it's in your parents' name, the lender doesn't care that you've signed a personal note with them - they are on the hook in terms of their ability to qualify for a mortgage, car loan, etc., or do any other kind of long-term planning - such as RETIRING. (I as...
by 10YearPlan
Thu Mar 22, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 11516

Re: Losing friends/family when wealthy

For most of my life, family/friends used to always treat me out because they perceived me as struggling. My guess this is the issue. You allowed friends and family to treat you when you had the money? If that's the case, and somehow now they know that all this time you were just hoarding the money,...
by 10YearPlan
Tue Mar 20, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 7588

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

Not a car person myself, but I like the Livesoft Rule for Extravagant Purchases heuristic. It makes good sense to me as a way to measure the true impact to one's financial situation. That said, I think it is important, in my opinion, to take into consideration the optics of such extravagant purchas...
by 10YearPlan
Mon Mar 19, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 7588

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

Not a car person myself, but I like the Livesoft Rule for Extravagant Purchases heuristic. It makes good sense to me as a way to measure the true impact to one's financial situation. That said, I think it is important, in my opinion, to take into consideration the optics of such extravagant purchase...
by 10YearPlan
Sat Mar 17, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11817

Re: Terminal illness with small kids

I forgot to add. Providing meals to the family during an illness can often be a tremendous relief. There are sites that can help you organize, but you will need someone closer to them geographically to really make it work, because you'd need to rally local folks like their neighbors. Mealtrain.com i...
by 10YearPlan
Sat Mar 17, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11817

Re: Terminal illness with small kids

Sorry to hear about your cousin. Without knowing details about their financial situation, it is hard to give great advice. And you do have to consider their pride, and how that factors in. Some people don't feel comfortable taking charity, no matter how badly it's needed, so you might need to be rea...
by 10YearPlan
Tue Feb 06, 2018 6:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496333

Re: U.S. stocks in freefall

Newbie here. First big dip. This is when we stay the course, right? Yep! In order to do that, I plan to stop or at least dramatically reduce looking at statements (online or otherwise) as long as it continues. That's what I did in the last crash and plan to do again this time. It helps to create a ...
by 10YearPlan
Fri Jan 12, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 13113

Re: Is it time for me to "call in rich"?

Financially speaking-yes! But I'd just do a tiny bit of soul-searching from the non-financial perspective first. Is your wife planning to retire as well at the same time? If so, have you spent large chunks of time on weekdays together other than weekends/the occasional vacation? If not, would it be ...
by 10YearPlan
Fri Jan 05, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3403

Re: So ambitious w/ money but so risk-adverse

OP- I've spent my entire career in HR/Recruiting. The double bachelor degree is almost always indicative of someone who does not know what they want to be and (IMO) is more often a waste of time and money than anything else. That said, going to school, such as a Master's Degree, or some sort of cert...
by 10YearPlan
Thu Jan 04, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 5088

Re: Two vastly different career considerations...Stability vs. Income

Single or married? Is there a wife/kids who will be asking "where is dad?" Mid 30s, you still should have some energy left to try the tougher job. Mid 40s, I'd pick option A. The people that work hard/long enough to get the $250k might be single and sleep at their desks. I'm not sure it is worth it...