Search found 67 matches

by scottinmet
Tue Sep 25, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: Invisalign and Dentist pricing
Replies: 19
Views: 2509

Re: Invisalign and Dentist pricing

What a coincidence, I was given an invisaligner contract for my DS that was different than the quote I had received 2-3 months earlier. The quote was for $4,700, but at the initial visit I signed a contract (without examining it close enough - Doh!) that was for $5,800. I was in a rush that day and ...
by scottinmet
Sat Sep 15, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5210

Re: The twenty dollar rule revisited

My credit card bills vary from month to month. I have 3 or 4 higher than normal credit card bills per year that are due to things like auto insurance, back to school clothes shopping, and vacations. Your credit card bill is high every other month and then very high for two months. I would find out w...
by scottinmet
Thu Aug 30, 2018 6:18 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 10595

Re: How do you save money on groceries?

Are you eating out less in the last year? My grocery expenses change quite a bit depending on how many times we eat out in a given month. Also, do you include clothes and other non-food items in your grocery bill? I lump all that into one budget item as they don't change much from year to year for m...
by scottinmet
Mon Jun 25, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8950

Re: Retirees: When you cut spending, what do you cut?

I looked on the ACA exchange and it looks like I could get a silver plan for less than what I pay for my current health insurance. Granted, it's not as good as the plan I currently have, but beggars can't be choosers. Pretty sure going to the exchange is not an option if you are offered health insu...
by scottinmet
Sun Jun 24, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8950

Re: Retirees: When you cut spending, what do you cut?

Great topic! I was looking at my budget spreadsheets the other day and if I absolutely had to I could cut about 35-40% from my annual expenses. I'm not a retiree, but I assume I would do similar things if it happened at that point. I currently average about $50k per year in expenses, which includes ...
by scottinmet
Fri May 25, 2018 6:01 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5706

Re: I've never budgeted sucessfully

I know how important a budget is, but I have never been able to do one. I've tried YNAB (and recommended it to another poster in this forum), and others, as well as small notebooks, etc. I fully realize it's not the budgeting tool that is the problem; it's me. I do it for a week and then don't foll...
by scottinmet
Sat Apr 28, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 11212

Re: How did you tell the boss you're leaving/retiring?

I've known for quite a while that it's time to retire but I don't know how my boss is going to react. Boss is very unpredictable and may make me feel uncomfortable with my decision. I'm obsessing on how this conversation will go and I am frozen in inaction. How did you handle this conversation? How...
by scottinmet
Sat Apr 28, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 35378

Re: Those with high savings rate: why?

Reading these posts, I must say I'm amazed at all the young people who are high savers. I didn't get into a high savings mode until I was in my mid 40s and well after we had kids. Before that I saved around 15% of gross and never really thought about goals for future financial independence. I was mo...
by scottinmet
Sat Apr 21, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 36703

Re: KF's simple rules to achieve FI

Now, instead of 60K per year for my FI and I could reach my 1 million to 1.5 million number quickly, it is 40K per year. The 529 is not useful to me. In fact, it slows down the pace for me to reach FI and fund the college education through "cash flow" KlangFool I cash flow as well - through my stat...
by scottinmet
Sat Apr 21, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 36703

Re: KF's simple rules to achieve FI

Folks, Rule #2 Do not overspend on house, car, and college education. At engineer's income level, as long as he/she do not overspend on those large expenses, he/she can save 1 year of annual expense every year. KlangFool Love your rules KF, though I broke the above rule with willful disregard many ...
by scottinmet
Sat Apr 14, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: What percentage of you 2017 income can you account for?
Replies: 49
Views: 4390

Re: What percentage of you 2017 income can you account for?

I just finished our taxes. We need to pay an additional 1800 which was less than 2% of our income. Does anyone produce a report of where all their money goes for a tax year? What categories do you use? Close to a 100%. I use a spreadsheet and break it down between monthly and non-monthly expenses. ...
by scottinmet
Sat Apr 14, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 18663

Re: Trinity Study updated to 2018

This is interesting especially given The Retire Early Home Page just updated their "real life retiree returns" http://www.retireearlyhomepage.com/reallife18.html table. It looks to me whether 4% "works" depends on both the portfolio and the starting conditions. Comparing the tables for 1994 Vs 2000...
by scottinmet
Sat Apr 14, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 158
Views: 12182

Re: Why are expected returns so much lower than historical returns?

There are four classic examples in the past of innovation pessimism that turned out to be wildly wrong. In 1876, an internal memo at Western Union, the telegraph monopolists, said, “The telephone has too many shortcomings to be considered as a serious means of communication.” In 1927, a year before...
by scottinmet
Sat Apr 14, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 18663

Re: Trinity Study updated to 2018

This is interesting especially given The Retire Early Home Page just updated their "real life retiree returns" http://www.retireearlyhomepage.com/reallife18.html table. It looks to me whether 4% "works" depends on both the portfolio and the starting conditions. Comparing the tables for 1994 Vs 2000...
by scottinmet
Sat Apr 14, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 158
Views: 12182

Re: Why are expected returns so much lower than historical returns?

Indeed, history is littered with men far greater than me who incorrectly predicted that progress would slow down, if not cease. But look at the facts: The prosperous America of 1950, the year I was born, bore little resemblance to the America of 1900, when there were virtually no automobiles, when ...
by scottinmet
Sun Apr 08, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54347

Re: Name something you had to have and now you regret purchasing it?

The lot next to my house, though I must say with all the mowing and edging it's been much better as an exercise regimen then the eliptical that sits in my garage.
by scottinmet
Sun Apr 08, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 240
Views: 19822

Re: Swedroe: Look Beyond 60/40 Portfolio

To be honest, as much credence as Larry puts on the predictive value of CAPE, I'm surprised that he's not recommending stronger tilts toward international equities and, in particular, emerging markets, which have more attractive valuations than U.S. equities. This can be done without an advisor and...
by scottinmet
Sat Apr 07, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Understanding the meaning of CAPE
Replies: 8
Views: 1228

Re: Understanding the meaning of CAPE

I watched the video GKSD posted and it looks like Arnott's main contention for why CAPE has gotten so high is that Baby Boomers are buying stocks at any price because they are nearing retirement. No, I don't think he is saying that - he is saying one possible catalyst for CAPE ratio to tumble is th...
by scottinmet
Sat Apr 07, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Understanding the meaning of CAPE
Replies: 8
Views: 1228

Re: Understanding the meaning of CAPE

I watched the video GKSD posted and it looks like Arnott's main contention for why CAPE has gotten so high is that Baby Boomers are buying stocks at any price because they are nearing retirement. As more boomers retire the CAPE will go down because they will begin selling at any price to support the...
by scottinmet
Mon Apr 02, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Age 55, Fast Strategy to Retirement
Replies: 59
Views: 8062

Re: Age 55, Fast Strategy to Retirement

Thanks Klang, Appreciated.. I have gotten letters from SSecurity saying, that I won't get much retirement, if I don't contribute..that much from paychecks, ( are kindof low) If we get another house, ever, it will be small, old, but well built.. 150K perhaps... I just can't justify getting a big hou...
by scottinmet
Sun Apr 01, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5837

Re: Nice article on saving money and financial independence

Does anybody have any thoughts or experience regarding the Networthify calculator that was in the link to the Mr. Moustache blog article "The Shockingly Simple Math Behind Early Retirement"? http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Calculator lin...
by scottinmet
Sun Apr 01, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 7835

Re: KF Annual Expense Based Personal Finance Strategy

I don't post here often, but these types of topics are my favorite ones to read. I'm always interested in looking at different ways to gauge one's current status in regards to financial independence. I like Klang's simplified approach and do something very similar myself. Like another poster, one of...
by scottinmet
Fri Mar 16, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 35378

Re: Those with high savings rate: why?

I think a big reason many people on here save more than average is because we are older and generally make more than the average income. With extra income and less hormones, we find less expensive things to entertain us. That in turn leads to a high savings rate. QED.
by scottinmet
Sun Feb 18, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 13017

Re: What has been your most important skill in achieving financial independence?

For me, the aha moment was understanding the time value of money calculations. Not just being able to plug and chug, but thoroughly understanding them to the point where they are intuitive and factor into all financial decisions you make. Do you mind explaining what you mean by this a bit more? I'm...
by scottinmet
Sat Feb 10, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 99
Views: 11749

Re: How to deal with regret

Back around 2000 I invested in some tech companies and over the next couple of years I watched as those investments lost money. Frustrated, I stopped contributing into my taxable account for about 10 years. Looking back, my regret wasn't that I lost money during the tech crash, it was that I stopped...
by scottinmet
Mon Jan 29, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 10350

Re: How much have kids added to your personal finance/expenses?

I spent $43k last year and of that about $18k went directly to support my two kids, one a teenager and the other in college. This includes helping to pay for college, food, schooling, cell phone, car insurance, entertainment/gifts, clothing, and health care. Indirect costs are not included. Actual c...
by scottinmet
Sat Jan 27, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 8391

Re: Wisdom of Bitcoin

On the way in to work the other morning I was listening to a radio ad where some guy was selling his bitcoin services. He said just imagine what will happen to the value of bitcoin if Amazon and Ebay begin accepting bitcoin in transactions. I thought about it and concluded yes, if they began accepti...
by scottinmet
Thu Jan 25, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 18972

Re: Dear wife quits job and now we are down to 1 income

Hi all, First post so please be gentle. Background Info: Me: 41- Income 72k/yr DW: 33- was making 70k/yr. Now 0. Son: 5 months Debt: Mortgage 10 yrs left @3.2%. No other debt. Monthly Expenses: about 5.5k/ month Emergency Fund: 67k in savings earning 0.0000001% DW comes back from 3 month maternity ...
by scottinmet
Wed Jan 17, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 11646

Re: likely date for a bitcoin crash: does this make sense to you?

http://nordic.businessinsider.com/the-swedish-founder-of-bitcoin.com-one-of-the-largest-sites-in-the-industry-has-sold-all-his-bitcoins-because-its-as-good-as-useless--/ "USELESS" Stop buying Bitcoin! It's USELESS!!! Come buy my alternative, Bitcoin Cash! :shock: His reasoning reminded me of Moore'...
by scottinmet
Wed Jan 17, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 11646

Re: likely date for a bitcoin crash: does this make sense to you?

Bitcoin is currently 50% off its peak...but still up 1000% since January 1, 2017. Is this a crash or a bubble still? Who knows but it’s fun to watch from the sidelines. :beer It's looking brutal for bitcoin right now. Maybe it'll go on a tear the rest of the year, but I still don't see the value of...
by scottinmet
Tue Jan 02, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 14450

Re: Embarrassment Preventing Retirement Work: A factor for you?

I have thought about doing something similar when I retire. The thing that would drive me would be to be the best most friendly and helpful employee I could be. Not only to help others, but to show the young workers how to take pride and be better at their jobs, something that would be much harder t...
by scottinmet
Mon Dec 25, 2017 9:37 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 10199

Re: My Christmas Present to You

Taylor,
Wow, talk about tough times, that makes the 08 meltdown look like a walk in the park with cake and ice cream. It sure does bring normal everyday worries in perspective!
Thank you and all the men and women out there for their service! Merry Christmas!
Scott
by scottinmet
Sun Dec 24, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5535

Re: Bitcoin: food for thought

Could someone tell me where the value is in Bitcoin specifically? As I understand it anyone can set up a blockchain and call it a crypto currency, where is the value if everyone can make a replica of Bitcoin? The only value I can see is that Bitcoin has brand name recognition like Coke or Pepsi. It ...
by scottinmet
Sat Dec 23, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Internet speeds
Replies: 37
Views: 3024

Re: Internet speeds

I am amazed at the slow speeds that people find adequate in this thread. I just checked my connection with the link above: 2.50 Mbps download 1.95 Mbps upload. This, in one of the most populated counties in the country, for $40 a month. it sounds like I am not getting my monies worth? That is prett...
by scottinmet
Sat Dec 23, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Internet speeds
Replies: 37
Views: 3024

Re: Internet speeds

I have a cable modem with 100 mb/s for $55/month. I just checked my net speed on http://beta.speedtest.net/ : DOWNLOAD: 94.47 Mbps UPLOAD: 3.11 Mbps Pretty close to what I'm paying for and this can handle 4 computers streaming video w/o a problem. Previously I had an ATT 10mb/s line and the differen...
by scottinmet
Sat Dec 23, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

What I'm more interested in though is another great year in the stock market! Come on baby! :happy Like others, I responded that the new tax bill will not meaningfully change my income, but rather my taxes. This got me thinking...the tax reductions to businesses...all (or almost all) of us BHs own ...
by scottinmet
Fri Dec 22, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Different ways to order coffee
Replies: 41
Views: 4842

Re: Different ways to order coffee

Disclosure: I'm into coffee, I really like coffee, I can be particular about coffee, but I've happily consumed crappy diner coffee and dunkin donuts in the last week. WS1, I do not like Dunkin Donut but their coffee is actually pretty good. I prefer their coffee much more than the Starbucks. KlangF...
by scottinmet
Fri Dec 22, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

Re: Do you see a meaningful change in your income with new Tax Bill?

I'll save about $3k. I haven't itemized in years since I'm in a low SALT LCOL area and my mortgage was never very high to begin with, in fact I can only recall itemizing 2 or 3 times in my life. The money saved will go into my Vanguard account and I am happy for any amount I can add to my savings. W...
by scottinmet
Sat Dec 16, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 11424

Re: How much do you spend on food per month, per person?

So far this year it comes up to $311.62/person and includes restaurants and all household items.
Last year it was $339.79/person.
by scottinmet
Sat Dec 16, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 21767

Re: Call the top! - Bitcoin

technovelist wrote:
Sat Dec 16, 2017 10:11 am
scottinmet wrote:
Sat Dec 16, 2017 10:07 am
53000 + i*53000

Where i = sqrt(-1)
You are making this too complex! :D
Crypto currencies have seemed to move off the real axis into the complex plane of valuation! :happy
by scottinmet
Sat Dec 16, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 21767

Re: Call the top! - Bitcoin

53000 + i*53000

Where i = sqrt(-1)

Ah heck, I'll say 74953, only because the hype is really rolling now. I see Marketwatch has added a bitcoin window in it's market tabs where you can track the instantaneous bitcoin value in a number of different currencies. That seems a bit redundant to me.
by scottinmet
Sun Nov 26, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 30679

Re: Currently have $700,000 at 26 years old get $100,000 a year

OP, you need some purpose in your life. You say you like Starbucks and appear to be very sociable, why not work at a coffee shop? Sure the pay is not that much but that's not why you would be working there. You can work there to see how you like actually working with people and who knows, maybe you ...
by scottinmet
Fri Sep 29, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 18627

Re: Why do you LBYM? Why do you save and invest?

My question to the member of the forum is this. What makes you different from others? What makes you believe that you could be LBYM, save and invest to make a difference in your life? I believe this will be a very interesting topic to discuss. For me it is definitely fear: Fear of losing my job. Fe...
by scottinmet
Thu Sep 07, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 5261

Re: Three Centuries of Asset Returns, 1694-2015

It is interesting to imagine what causes this consistency over the centuries. I believe that explanations are both behavioral and risk based. Yes, it’s worth noting that there have been big changes since the 1600s. Today, someone might invest in tech-stock dominated index funds, US Treasury bonds, ...
by scottinmet
Thu Sep 07, 2017 4:56 pm
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 5261

Re: Three Centuries of Asset Returns, 1694-2015

Very interesting graph. The graph may be helpful in many contexts - like illustrating to those considering early retirement how much they will need to save, and like illustrating the enormous impact of savings rate on portfolio success. The graph is very impressive. Thanks TD. I was looking for a s...
by scottinmet
Thu Sep 07, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 5261

Re: Three Centuries of Asset Returns, 1694-2015

It is interesting to imagine what causes this consistency over the centuries. I believe that explanations are both behavioral and risk based. Yes, it’s worth noting that there have been big changes since the 1600s. Today, someone might invest in tech-stock dominated index funds, US Treasury bonds, ...
by scottinmet
Sat Aug 19, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 89
Views: 28003

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

Proposal 7— A shareholder proposal to institute transparent procedures to avoid holding investments in companies that, in management’s judgement, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights. This proposal applies to the following Van...
by scottinmet
Sun Aug 06, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 5247

Re: Do I have enough to retire-retire from the military

I think you are probably fine IF your $90K expense estimate includes your rent and taxes. The key is you will not have a lot of margin to purchase big items like cars or homes. So you will have to buy/rent and live in a LCOL area to keep your housing costs within your budget. Likewise you will not ...
by scottinmet
Sun Aug 06, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 5247

Re: Do I have enough to retire-retire from the military

I think you're looking very good and at minimum you have a great opportunity to find where you want to live and what you want to do post-retirement. Your annual expense requirement will depend on where you settle down. I'm in a LCOL area with 2 kids and I spend much less than $90k per year and live ...
by scottinmet
Sun Jul 30, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 12072

Re: How to calculate your retirement number

I use 25x current expenses and don't include SS, but do include a pension. My current expenses are about $60k/year which includes health insurance and pro-rated taxes. I figure if I can't live on the median income with a paid off house and kids on their own then I am doing something wrong. My proble...