Search found 1786 matches

by jharkin
Tue Oct 16, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 24
Views: 1970

Re: Corporate politics/culture

The 80-20 is standard McKinsey analysis and I wouldn't be surprised if they paid $1m+ to McKinsey for a consulting assignment with that particular insight. You know whats funny... Right around the time that I hit my final straw and gave my notice, my old company brought in McKinsey. I even got inte...
by jharkin
Tue Oct 16, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 29
Views: 2842

Re: Jury duty - already booked vacation

+1 to all the replies. The summons should have information about deferrals, hardship exemptions and transfer requests + a phone number to call and discuss special circumstances. Where I live, every summons allows one request to reschedule for up to a year in the future with no justification. Anythin...
by jharkin
Tue Oct 16, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 24
Views: 1970

Re: Corporate politics/culture

I worked 21 years in a public midcap high tech company - I can absolutely confirm all of the above. Company went though 3 CEOs in my time. First change was from the original guy brought in by the founders and VC investors, replaced by the first salesman (to turn around the ship after dotcom bust). I...
by jharkin
Tue Oct 16, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5673

Re: When to stop putting money into an older vehicle

I purchase my cars new and then hold them for ten years. This strategy has worked well for me so far since trade in values have been good. I get benefit of the new technology on the new car and have avoided the major repairs on my old car. I typically purchase Honda or Acura cars. Many people don't...
by jharkin
Mon Oct 15, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: 1950s home. Replace drywall and insulation or repair it
Replies: 19
Views: 1638

Re: 1950s home. Replace drywall and insulation or repair it

No way I would put that $1000 towards insulation for 2 walls in your home, the payback on a R13 wall in heat saving will be many many years. I would look at the the attic insulation if it has enough insulation for the area you live in. If OK then consider wall insulation via the entire exterior of ...
by jharkin
Mon Oct 15, 2018 5:23 am
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 73
Views: 3419

Re: How Much Is Your Sewer Bill?

We don’t have sewers here (private septic) but we do have city water, and in the last 2 years they have added a $75/quarter surcharge to fund replacing the entire water main system in town. It stings, but if shortsighted voters had not kept voting down incremental repairs and replacements over the l...
by jharkin
Fri Oct 12, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 44
Views: 2828

Re: Which one: Lyft or Uber?

I use Uber exclusively although I have the Luft app too just in case. Two reasons. 1. Uber was the pioneer and without it maybe the whole concept wouldn't exist as they fought all the tough battles. 2. Lyft has taken political positions and emailed me about them and I don't like anything political ...
by jharkin
Fri Oct 12, 2018 8:14 am
Forum: Investing - Theory, News & General
Topic: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success
Replies: 19
Views: 1729

Re: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success

WyomingFIRE wrote:
Fri Oct 12, 2018 8:10 am

I'm ten years away from retirement.
Wow, what are your annual expenses/retirement target? If I had 3.5MM I could put it all in money market and retire tomorrow.........
by jharkin
Thu Oct 11, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 43861

Re: Lucrative careers?

People seem to be under the mistaken belief that you have to live in SF and work at FAANG to make $200k+ per year in tech, and that's not even remotely the case. We're not talking about the 1% of software engineers or only the best of the best, here. We're talking about C students at state universi...
by jharkin
Wed Oct 10, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9501

Re: What is your annual cost for health insurance?

Blue Cross Blue Shield HDHP Cost: $2700/yr for family of 4 minus a $1000 subsidy put into the HSA (net $1700) Coverage: $1500ind/$3000 family deductible and $3000/$6000 OOP max (all preventative care is free) profession: software program manager at a mid-cap private tech firm I cant tell you the emp...
by jharkin
Wed Oct 10, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Millennials & Money Data
Replies: 25
Views: 3070

Re: Millennials & Money Data

I think it is safe to assume 20-30% of millennial have $50k in investable assets Why would you assume this? According to the article below, most Americans don't have $500 to cover an emergency. I would be shocked if 20% of millennials or Gen Xers has $50k in investable assets. http://money.cnn.com/...
by jharkin
Mon Oct 08, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3669

Re: Income (US vs Europe)

* Bezos is actually not paid that much. A few million I suspect - have not checked. He won't be paid a huge salary (on which he would have to pay taxes) and he won't have stock options or RSUs. Like Warren Buffett his money is tied up in the company he runs, it pays no dividend, and he has to sell ...
by jharkin
Mon Oct 08, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3669

Re: Income (US vs Europe)

I think the answer is "both" to some degree. The US Bureau of Labor Statistics shows that the median income for a software developer is $100k, which seems to be much higher than in Europe. I've read various explanations for that and don't know what to believe. Still, some 2006 data cited on Wikiped...
by jharkin
Wed Oct 03, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3098

Re: Anyone ordered a vehicle through a dealership?

I have "ordered" but it depends on the brand. Many European brands like BMW will let you custom choose form hundreds of options and they send an order to the factory which builds a specific car just for you. The opposite end of the spectrum is Honda. They have fixed trim levels and colors. If you ca...
by jharkin
Wed Oct 03, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Sconces, fixtures without replaceable bulbs/LEDs
Replies: 14
Views: 778

Re: Sconces, fixtures without replaceable bulbs/LEDs

Thanks - good points. I just cant believe that the lighting industry is going down this path. Unfortunately, of all the available sconces, guess which kind works best for our specific need and tastes. Same reason the mobile industry now pushes phones, tablets, etc with non-replacable batteries... T...
by jharkin
Wed Oct 03, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2410

Re: Water Leak During New Home Construction

You don't have to disclose past leaks that have been fixed. You do have to report unfixed leaks so your future market value loss is not a valid claim. This is 100% false (in my state, and likely the OP's). Disclosure forms typically ask about any PREVIOUS or CURRENT issues. Here is the exact wordin...
by jharkin
Wed Oct 03, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 65
Views: 12406

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

As to the book... I read TMND and really enjoyed it. I read TMM and got bored about half way though... felt like I was just reading the same story all over again. Good info, but no new actionable advice that the original didn't present. I'm hesitant to dive into this one unless it really has somethi...
by jharkin
Wed Oct 03, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 65
Views: 12406

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

I wonder if 1 million in 1996 is perhaps much more than 2 million today in actual buying power? I've noticed hiring anything requiring labor seems to be ridiculously expensive these days. Snow removal, cleaning maids (for apartment turnover), day care, misc house repairs are ridiculously expensive....
by jharkin
Fri Sep 28, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: First-time victim of credit card fraud
Replies: 48
Views: 3727

Re: First-time victim of credit card fraud

I'm glad you sorted it out so easily... You are right - you did get off lucky. Ive lost track of how many times my cards have been compromised over the last 25 years. The most recent time one of my cards got hit they used it to buy an $800 laptop off Newegg and had it shipped to an industrial park 2...
by jharkin
Thu Sep 27, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4689

Re: How to pay for upcoming medical / IVF expenses

I thought that IVF typically only implants 1 egg at a time? Maybe I'm mis-remembering. We are probably skirting close to the forum medical advice rules here so take this as nothing but an anecdote... When we went thought it we talked to a couple different clinics and docs... They all had different ...
by jharkin
Thu Sep 27, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4689

Re: How to pay for upcoming medical / IVF expenses

I didn't read the whole thread yet so apologies if this has been said already. #1 - Be prepared for the fact the first round may not work. Some couple go though 2-3 rounds (I know from personal experience). Some have to give up due to cost after multiple attempts. #2 - Be ready for the high probabil...
by jharkin
Tue Sep 25, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher odor
Replies: 56
Views: 4825

Re: Bosch dishwasher odor

Came across this and thought I'd add it given the "why would anyone buy Bosch" posts above. "Americans prefer the German brand Bosch when it comes to their large appliances, according to the results of a consumer satisfaction report released Tuesday. Bosch scored an 83 out of 100 on the American Cu...
by jharkin
Tue Sep 25, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 5944

Re: Oil change interval for low-mileage vehicles

+1000 to the chorus of recommendations to FOLLOW THE MANUAL.


Ford spent millions of dollars on thousands of college educated professionals engineering your car. You really thing the guy in blue coveralls on the corner knows better than they do?
by jharkin
Tue Sep 25, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 77
Views: 8677

Re: Why do we expect TSM to keep growing?

Such talk has been around for a long time. Doomsaying is a big business after all. For another perspective look at the cornucopians and the Simon–Ehrlich wager. Humans will not run out of copper in my lifetime (or yours) unless the whole "becoming immortal" thing works out or AI destroys us. Much m...
by jharkin
Tue Sep 25, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Is there any active forums/BBS grouping up non-Bogleheads?
Replies: 17
Views: 1836

Re: Is there any active forums/BBS grouping up non-Bogleheads?

What is the percentage of non-Bogleheads over all middle class investors? Probably 95% + What are they discussing every day? Professional sports. television and movies. the latest Starbucks latte flavor. The 47 different after school programs they bus their kids to every week. How do they conduct i...
by jharkin
Tue Sep 25, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: New Facebook group for Vanguard investors!
Replies: 22
Views: 2140

Re: New Facebook group for Vanguard investors!

Not touching this one. I already follow Vanguards official corporate facebook account so I get news updates in my feed. Agree with the others I don't want to be discussing finance topics in a a group where my real identity is wide open (which is only the tip of the iceberg of what can go bad on face...
by jharkin
Tue Sep 25, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: What do folks use for long-term forecasting of their personal finances?
Replies: 24
Views: 2516

Re: What do folks use for long-term forecasting of their personal finances?

Excel, I can customize anyway I want. +1.. I basically wrote my own excel retirement planner, factoring all our assets, income ,contribution rate, estimated taxes, social security, my wife's pension... I even but in options to vary inflation, returns, back test with different start dates, automatic...
by jharkin
Fri Sep 21, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1518

Re: Rate our 5 yr plan and beyond

I've thought about that cutting back to get the match, but it seems the hierarchy of this forum is the auto is a relatively low rate and we are in the 22% tax bracket. Doesn't matter, you are massively over leveraged. If your wife gets laid off longer than a year and you cant make the payment they ...
by jharkin
Fri Sep 21, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1518

Re: Rate our 5 yr plan and beyond

"The other part of the plan is to prepare us financially for the possibility of having or adopting a kid at the 4-5 yr mark. For financial reasons, I'd be perfectly happy not having a kid." FWIW - I cannot get past this line. If you folks are planning and want to know the most important thought reg...
by jharkin
Fri Sep 21, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7787

Re: Hubby soon to be laid off

Payoff that mortgage, rent the apartment ... and go take a cruise. You guys are golden. :beer

BTW, I don't know who you use for insurance but if its not Amica, give them a call. They don't work through agents so you have to just call their main 1-800 number. http://www.amica.com
by jharkin
Fri Sep 21, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 14
Views: 1901

Re: New job offer

The new job will be located in Boston, which is about 45 miles away. To get there, I'd use the commuter rail. I am going to offer the dissenting opinion. I live 30 miles from Boston, and there is no way could get there in under 1:45 each way on public transit (15 minutes to the train, a 10 minute b...
by jharkin
Thu Sep 20, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7787

Re: Hubby soon to be laid off

At a quick glance it doesn't seem so bad. You probably have something like: $30-40k from your income $36k from SS $40-45k from investments ($1.1M using 4% rule) That's over $100k a year until you stop working (remember once you are FRA you can take SS without reduction from your job income), then dr...
by jharkin
Thu Sep 20, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25159

Re: What is your single most expensive mistake?

Oh boy where to begin.... Letting a family member talk me into cosigning on a timeshare they wanted to buy when I was a late teen. Looking back 25 years later... how was that even legal? When they inevitably walked away from it I ended up on the hook for maintenance for YEARS before I found a way to...
by jharkin
Thu Sep 20, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: auto/home insurance rates
Replies: 19
Views: 1539

Re: auto/home insurance rates

OP - where do you live ? (not specific, just the state or general region - Northeast, Southwest, upper Midwest, etc)? The reason I ask is that I live in the Northeast and I never get these kinds of massive increases. Many of the members who have posted about this issue, turned out they live in an ar...
by jharkin
Thu Sep 20, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 6953

Re: Don't trust Tripadvisor reviews

Not sure when people will realize this but most reviews online are fake. It’s a huge business, especially on Amazon. Go look at a site like Trustpilot, businesses pay them to contact their “customers” to solicit positive reviews. Companies end up competing in ranking wars just like SEO wars. Whatev...
by jharkin
Wed Sep 19, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 4088

Re: “Majority of working-age Americans have no retirement savings”

The saving grace for many of these people is that they still have some sort of pension. But for many, perhaps most, they will have little choice but to keep working until they are physically incapable of doing so. At that point, they'll have to make do with Social Security benefits, which are low s...
by jharkin
Wed Sep 19, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 77
Views: 8677

Re: Why do we expect TSM to keep growing?

Stein's law : If something cannot go on forever, it will stop. That's one way to answer but what if it can't go on forever ? We don't know what specific finite time less than forever it will turn out to be. We have to play the hand we're dealt. PJW Actually we DO know some general timelines for whe...
by jharkin
Wed Sep 19, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: Stock market scenarios
Replies: 12
Views: 940

Re: Stock market scenarios

My answer is the same as Livesoft.. in all cases I re balance and stick with the AA in my IPS. I am ~15 years out from retirement and currently at: 58% TSM 10% total international 32% bonds And I am diversified across different vendors, 401ks, 403bs, governmental 457s, TIAA annuity, government pensi...
by jharkin
Tue Sep 18, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7867

Re: I see now why Rollovers can take FOREVER ....

I'm going through this pain trying to move an old 401k from Tansamerica to Schwab... Schwab wants a check, but TA has a cap on check size beyond which they will only do wire transfer. And an even smaller cap beyond which they want a medallion stamp (even to liquidate and transfer cash). Schwab insis...
by jharkin
Tue Sep 18, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 3039

Re: How to determine quality of a finished new construction home

Lots of good commentary here.. Like any home, best thing is to educate yourself, hire a good inspector and ask a lot of questions. First, look at the architecture... Is it a well designed, well proportioned house ? (look at http://www.mcmansionhell.com to see what I mean - lots of contemporary house...
by jharkin
Tue Sep 18, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: HSA vs save $1.5K/year
Replies: 12
Views: 1690

Re: HSA vs save $1.5K/year

I think this is a no brainer - take her plan.

The extra premium costs far outweigh the small tax savings of your HSA, and don't forget that its also a lot harder to actually hit the out of pocket max on a PPO because most services only have a small copay.
by jharkin
Tue Sep 18, 2018 6:54 am
Forum: Local Chapters and Bogleheads Community
Topic: Jack Bogle Bobblehead
Replies: 24
Views: 2852

Re: Jack Bogle Bobblehead

+1 Id buy a couple...
by jharkin
Mon Sep 17, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4813

Re: Dilemma: Add room to current house or buy new house?

Even though the house is pretty large (>6000sqft) That isnt "pretty large", that's not even a McMansion.... that's a full blown mansion. To put it in perspective, we have 4 people living in 1400sq ft... Its a little too cozy but what you have is basically like each kid having their own separate hou...
by jharkin
Sun Sep 16, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11442

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

Interesting discussion! I feel the same way.... But I'm not sure yet will bolt the moment I'm truly FI. I kind of "fell into" a career in high tech/software. Background was engineering but I managed to get a software job at a midsize tech when engineering job market was weak (Y2k).. And as luck woul...
by jharkin
Sat Sep 15, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10299

Re: Massive Student Loan Debt - Fiancee

There is a massive red flag here - and its a relationship red flag. The two of you are not talking to each other, and even worse you are making the presumption that you are RIGHT and she is WRONG and that you have to FIX her. There is a fundamental issue right there that has to be fixed if you are g...
by jharkin
Sat Sep 15, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: When to Retire
Replies: 48
Views: 6732

Re: When to Retire

jehovasfitness wrote:
Fri Sep 14, 2018 6:30 pm
Someone bumped a 7 yr old thread. Whatever happened?
Somebody dug it up to humbebrag that they have $100k guaranteed pension/SS + 1MM in investments but don’t want to retire... Typical BH , moving on.............
by jharkin
Sat Sep 15, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: New Light bulbs
Replies: 19
Views: 1814

Re: New Light bulbs

All Phillips LED.

I’ve tried many many of the cheap brands over the years and they all fail prematurely. Even Cree :(
by jharkin
Sat Sep 15, 2018 7:19 am
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4373

Re: I need a chainsaw to trim branches and limbs!!

I have 2+ acres that are heavily wooded. I have worn out 2 chainsaws over the years cutting down trees, limb trimming, etc. I consider myself very experienced with chainsaws and I was always very careful with them. I bought another chainsaw a few years ago to cut down lots of small trees and heavy ...
by jharkin
Sat Sep 15, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4373

Re: I need a chainsaw to trim branches and limbs!!

Electric chain saws do not have the power as a gas chain saw. Are good for up to 5 inches dia branches. Then when I tried to use my 2 cycle gas chain saw 2 years ago the carburetor was all gummed up (gas and oil mixture), and a new carburetor would have cost as much as a new chain saw. Whenever you...
by jharkin
Fri Sep 14, 2018 6:23 am
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4373

Re: I need a chainsaw to trim branches and limbs!!

Where are these branches and limbs? 1/2 acre is pretty tiny, so I have to think that there's not a need for anything beyond a good homeowner saw. That said, I'd stick with a brand that makes "real" chainsaws. Stihl would be my first choice. Although they're sort of the direct competitor of my favor...