Search found 541 matches

by remomnyc
Sun Sep 16, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 52
Views: 4754

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Breakevens depends on what rates you use. Personally, I see delaying SS simply as longevity insurance. The only reasons I would it take earlier than 70 is if I thought I would die earlier than average or if I needed the money before 70.
by remomnyc
Sun Sep 16, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2129

Re: Can I have an oversized emergency savings account?

I would take the excess and invest it according to your asset allocation. Is that 100% VTSAX?
by remomnyc
Sun Sep 16, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 304
Views: 52476

Re: That Extravagant Thing You Do

Retired early. Buying time is the most extravagant thing I've ever done. Easily left +$1M on the table.
by remomnyc
Sat Sep 15, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 57
Views: 5640

Re: Job burnout - Keep grinding or change?

I was you in 2009. I hated my job and was waking in the middle of the night stressed and unable to get back to sleep. I had only saved 1/4 of what I needed to retire. At the time, companies were firing, not hiring, so I didn't even bother looking for a new job. I did increase my savings significantl...
by remomnyc
Sat Sep 15, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2382

Re: Rain Jacket recommendations and care

I have a Golite jacket made with Gortex Paclite that is waterproof, windproof, breathable, and weighs nothing. I've had it for 12 years and it still looks and works like brand new. I wear it to run errands when it's raining and take it hiking when weather conditions can go from 70 degrees to snowing...
by remomnyc
Mon Sep 10, 2018 9:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 284
Views: 39808

Re: Roll Call for the Retirement Class of 2018!

I am interested in knowing how many of you retired (retiring) by 55 and never plan to make a penny active income again. (55 is my earliest possible retirement age. Once I retire, I would not be able to come back to a similar job making similar money, so I do not plan to come back to the work place ...
by remomnyc
Mon Sep 10, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9694

Re: What will you do when you find you have more money than expected?

I retired relatively early, so I will maintain my lifestyle until I only have 30 years left to fund. Then I will start distributing the excess to family and charities each year, which is my version of lifestyle creep.
by remomnyc
Sun Sep 09, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9428

Re: Bored

I second getting a larger (min $1m) term life policy outside of your employer, especially if your job is not stable and dropping your current expensive $250k policy. My 25-year $1m term policy is $520/year and I got it in my late 30s. Fix your costs now while you're young. Make sure your have enough...
by remomnyc
Fri Aug 24, 2018 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5179

Re: Varying college costs across kids in the same family

We gave each kid the same budget, it allowed them to pay for four years at the school of their choice. Leftover $ can be used for grad school. We communicated the only caveat to them when they entered high school: they had to apply to our state flagships and had to attend if they were their best ad...
by remomnyc
Thu Aug 23, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4352

Re: Suggestions for a Generous Grandparent?

If the grandparent were simply doling out unrestricted inheritances, I would divide the amounts equally among the children, regardless of how many children each child had. For college funding, however, I would contribute equal amounts to each grandchild's 529 account with the grandparent as custodia...
by remomnyc
Mon Aug 06, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7317

Re: "Skin in the game"

I think all kids should have skin in the game, but it shouldn't be money if the parents can afford to pay. My kids know that we will pay for their education because we can, but they need to do well academically. If not, they can work, go to a state university or community college.
by remomnyc
Fri Aug 03, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11928

Re: 3 Levels of Wealth

I liked the 3 levels because they were very concrete, but I didn't interpret them as literally as some of you did to mean not caring about the cost of restaurants or vacations. To me, not caring about the cost meant that you didn't have to think twice about going to whatever restaurant you wanted or...
by remomnyc
Fri Aug 03, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11928

Re: 3 Levels of Wealth

"At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, but I have somet...
by remomnyc
Fri Aug 03, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11928

Re: 3 Levels of Wealth

...Ditto on retirement. If a person cannot say "enough" to himself or herself, the person cannot retire. I am a noodle/pasta kind of person. In term of a meal, I am only interested in that I can afford the best noodle and pasta that I can find. So, in my case, the best meal has a different connotat...
by remomnyc
Fri Aug 03, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11928

3 Levels of Wealth

Ben Carlson's article, "The 3 Levels of Wealth", http://awealthofcommonsense.com/2018/08/the-3-levels-of-wealth/, made me think about having enough to retire even though it was more about growing income inequality. Carlson describes the 3 levels of wealth posited by Stewart Butterworth, the founder ...
by remomnyc
Thu Aug 02, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Career Change, Give Up and focus on Retirement, or Make the Leap???
Replies: 13
Views: 1477

Re: Career Change, Give Up and focus on Retirement, or Make the Leap???

Sales can be quite lucrative and often give one flexibility, but changing industries typically requires taking a pay cut. My sister is in sales and when she switched industries she took a commission only job with a $35k base, which was a massive pay cut. It took her a couple years to get back over 6...
by remomnyc
Thu Aug 02, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6187

Re: Co - signed a Mortage, Now wants out

That sucks given that the only way to replace you is to refi and there is no way your sister and BIL will find a 2.75% rate today, even if they had pristine credit. Do you need to get out so you have more credit available to you or do you no longer trust your sister and BIL to make good on the mortg...
by remomnyc
Tue Jul 31, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 9778

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I used to purchase it because I travel in remote locations where evacuation requires helicopters. The premium was typically $25. Now I use the Chase Sapphire Reserve to book my travel, which provides emergency evacuation of up to $100k.
by remomnyc
Sun Jul 29, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 3601

Re: Chase Sapphire Reserve travel insurance

I purchased my ticket with Chase and Chase reimbursed me to replace what I had lost when my bag was returned with items missing.
by remomnyc
Sat Jul 28, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I retire early?
Replies: 18
Views: 3415

Re: Should I retire early?

How much is the long term disability from work and how long will it last? Not sure about SSDI, but the long term disability at my last job paid out at 65% of our salary until age 65, which would have been enough for me to retire if I hadn't retired early.
by remomnyc
Fri Jul 27, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: Talk to me about Le Creuset
Replies: 53
Views: 6141

Re: Talk to me about Le Creuset

I also have a Dutch oven, which is a workhorse. I loved it so much, I bought a Le Creuset skillet, but I found I prefer my cast iron skillet or All Clad frying pan to the Le Creuset skillet, which is gathering dust in my cupboard.
by remomnyc
Fri Jul 27, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9977

Re: Toughest Purchase of my Life. Engagement Ring time

I really hope she loves it, but I'm surprised whenever anyone gives someone a ring without consulting the recipient, unless it's a family heirloom being passed down. The surprise should be the proposal, not the ring. My husband also assumed I wanted a ring, but he proposed without one because he kno...
by remomnyc
Thu Jul 26, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Life Insurance Term and Benefit
Replies: 3
Views: 272

Re: Life Insurance Term and Benefit

If you dropped dead tomorrow, would $1M be enough? If so, get $1M. If not, maybe get two policies, one for $1M and another for $X and you can drop one policy as your net worth obviates the need the the additional insurance. At the same age, we each got 20-year $1M policies. 10 years later, we no lon...
by remomnyc
Tue Jul 24, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 2847

Re: Are laminate floors better-wearing than real hardwood?

Everyone I know who chose laminate has been unhappy due to damage or wear and has ended up replacing it. Real hardwood is superior to laminate. If you can't afford real hardwood or you want to save money, check out vinyl hardwood. My friends have put it in their rental units. It is far cheaper than...
by remomnyc
Tue Jul 24, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7137

Re: Daughter wants to travel on her own to Montreal

I agree with Meg77. Most people that age want to travel with friends. My concern is that she wants to go on her own. Is she meeting someone there? Does she not have a friend who wants to go with her? My friend and I saved to go to Europe on our own as 17-year-olds. We found out later from our parent...
by remomnyc
Tue Jul 24, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 2847

Re: Are laminate floors better-wearing than real hardwood?

Everyone I know who chose laminate has been unhappy due to damage or wear and has ended up replacing it. Real hardwood is superior to laminate. If you can't afford real hardwood or you want to save money, check out vinyl hardwood. My friends have put it in their rental units. It is far cheaper than ...
by remomnyc
Sun Jul 22, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Giving money to adult kids
Replies: 23
Views: 3901

Re: Giving money to adult kids

I googled cheap trusts and KISS trust came up.
by remomnyc
Sun Jul 22, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get a mortgage if retiring?
Replies: 37
Views: 5267

Re: Can I get a mortgage if retiring?

I looked into this before I retired. Wells Fargo offers an asset depletion loan with a maximum loan amount equal to 1/3 of assets. The rates my banker offered me were identical to the conforming and non-conforming mortgage rates. He told me to go ahead and retire even if I hadn't found a home to buy...
by remomnyc
Fri Jul 20, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2140

Re: High school graduation monetary gift for nephew

I gave my second cousins $200 each when they graduated from high school. I had not seen them in over a decade when I got the graduation invitations. I gave an investment book and $100 to a friend's son for his graduation. None of the other kids I know have reached high school graduation yet, but I s...
by remomnyc
Thu Jul 19, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4211

Re: Selling mom's house

I suppose one other approach would be for the three non-resident siblings to consolidate their holdings so that the person who is most interested in pursuing a solution is the sole owner of 75%. Let's say "A" is the sister living in the house and that "B", "C", and "D" are the other three siblings....
by remomnyc
Thu Jul 19, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 8035

Re: What is your Take Home Pay / Gross Pay ratio?

The purpose, to be brutally honest, is that when I did the calculations for myself and saw that I was only taking home less than 55% of my take home pay, I was a little shocked, and wanted to see if this is normal. You made me feel better. I just retired, but for the year my net was 54% of gross. I...
by remomnyc
Thu Jul 19, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7576

Re: How do you handle the urge to DO something?

Put a small percentage of your savings in a separate account and trade it as you please. Leave the rest in a buy and hold account. After a while, compare the performance of your trading account to the market. Be honest! The result cures most people. My play account did great until it didn't. Losing...
by remomnyc
Thu Jul 19, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Ratio of CDs to Bonds
Replies: 5
Views: 804

Re: Ratio of CDs to Bonds

I'm not aware of a rule of thumb. I have 4 yrs expenses in CDs and 8 yrs in BND, 1:2 ratio. My stock/fixed income allocation is about 55/45.
by remomnyc
Wed Jul 18, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17466

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. The two main drivers were stress that caused me to sleep poorly and the desire to have a family ...
by remomnyc
Wed Jul 18, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7479

Re: Anyone not have a Budget?

I had a very strict budget when I was living paycheck to paycheck. As my income increased, I traded in my expense budget for a savings budget. As long as I maxed out my 401k and saved 20% of my take-home, I spent the rest as I pleased. The last time I asked if I could afford something was when we bo...
by remomnyc
Wed Jul 18, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7083

Re: Costco Membership

Check out this thread: "Best place to get eyeglasses / no vision insurance" https://www.bogleheads.org/forum/viewtopic.php?f=11&t=214127&start=50 Thanks. We are going to try Zenni for our next eyeglass purchase instead of Costco. We bought a pair at Warby Parker, but my son did not find them comfor...
by remomnyc
Sat Jul 14, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14474

Re: Early retirement

I have been providing financial support for my parents for over 30 years. I direct deposit their monthly maintenance, but I send checks for birthdays and other occasions. I just saw my parents for the first time since I retired in May. I discovered my mom assumed I had been fired and retired because...
by remomnyc
Thu Jul 12, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7083

Re: Costco Membership

How about going to lenscrafters and buying the protection plan? Last time I was there which was a few years ago it covers breakage. The employee flat out told me that I could get it and just before it expires *air quotes* accidentally break them and get new ones. It does not cover loss though. I th...
by remomnyc
Thu Jul 12, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7083

Costco Membership

My son just lost/broke his 4th pair of glasses this year. (Other has lost one pair this year, but he shattered his phone, so he's not much better.) I did a search on glasses here and Costco came up. I can't buy in bulk because I don't have enough storage (refrigerated or otherwise). I don't have a c...
by remomnyc
Wed Jul 04, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: What to add to the baby registry?
Replies: 20
Views: 1344

Re: What to add to the baby registry?

Craigslist is your friend. Below is what I would want on my registry. Medela breast pump Breast milk storage bags Lanolin cream Cloth diaper burp cloths Boppy pillow Diapers Balmex Foam changing pad Travel changing pad Crib Baby bath tub with foam insert for newborn aden + anais swaddle blankets Bab...
by remomnyc
Mon Jul 02, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: International Vacation Ideas
Replies: 47
Views: 3446

Re: International Vacation Ideas

I second Machu Picchu. If you can, hike it with a group (glamping). Add Berlin to your European cities to do list. For tropical vacations, the Maldives and Seychelles are great if you're divers, but otherwise a snorefest. Costa Rica is lush and has a lot more going on. I'd rather go back to Greece, ...
by remomnyc
Sun Jul 01, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8358

Re: What % of your equity is int’l?

1/3, and it's work to keep it there.
by remomnyc
Sat Jun 30, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 11621

Re: Feel like I'm sinking money into international

What a timely post. I just got my quarterly dividends and allocated it all to international. For the past year, I've bought nothing but international and bonds, both of which have been on sale, i.e. sucking wind. Whenever I have doubt, I go to the Callan Periodic Table and also I review the world P/...
by remomnyc
Sat Jun 30, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: [Do you subscribe to Consumer Reports?]
Replies: 31
Views: 2974

Re: [Do you subscribe to Consumer Reports?]

I trust them and I used to subscribe. Now, I sign up for a monthly subscription (I think it's about $5/mo) when I'm making a big purchase, e.g. washer/dryer, and then cancel after I've done my research.
by remomnyc
Sat Jun 30, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 7374

Re: Cheapest way to buy a phone in 2018?

Phones have improved so much. I would buy the cheapest unlocked newest generation phone. I purchased a Moto G5 Plus for under $200 and the Moto E4 for the kids for $120. One child has a $3/mo plan for 30 texts/calls plus 10 cents per text/minute thereafter from T-Mobile and the other has unlimited t...
by remomnyc
Sat Jun 23, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Repair old refrigerator or purchase new
Replies: 24
Views: 1872

Re: Repair old refrigerator or purchase new

I had a +10-yr old refrigerator that was no longer cooling. I wanted to replace it, but it was not a standard size. It would have been over $1k to replace, so I called the repair guy. There was a very inexpensive part that needed to be replaced and the repair took less than 15 minutes and cost about...
by remomnyc
Sat Jun 23, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8779

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

I recently retired, so I haven't cut anything yet, but I have a list of expenses that I would cut if I needed to ($/yr). Girls' Trip: $6k Summer Camp for Kids: $6k Private Lessons for the Kids: $8k Cleaning Lady: $5.5k There are others that could easily be cut, but with a 3.5% withdrawal rate, exclu...
by remomnyc
Sat Jun 23, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1797

Re: How to help my teen (14) grow their savings faster?

Once our children's savings accounts reached $1,000, we opened UTMA (Uniform Transfer to Minors Act) accounts for them at Vanguard. We purchased Vanguard Target Retirement 2060 (VTTSX) with the $1,000 until they had the $3,000 minimum to purchase Vanguard Total Stock Market Investor Shares (VTSMX). ...
by remomnyc
Fri Jun 22, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12819

Re: Retire at 50: Should I?

Agree with others that you can retire. The only thing I would do is reduce my stock exposure to guard against sequence of return risk. The year before I retired I reduced my stock/bond allocation from 70/30 to 55/45. I created a CD ladder in tax deferred as part of my fixed income and will use it to...
by remomnyc
Fri Jun 22, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 21994

Re: Did you celebrate when you finally hit $1m?

I didn't tell my husband because I didn't want him to celebrate by buying some expensive electronic gadget.