Search found 298 matches

by Slacker
Sun Oct 22, 2017 12:33 am
Forum: Personal Consumer Issues
Topic: What service do you pay for that you could easily do yourself?
Replies: 20
Views: 1165

Re: What service do you pay for that you could easily do yourself?

Car maintenance. In my younger years, I used to do quite a bit of my own work on my cars (tearing down transmissions, replacing CV Joints, rebuilding the cylinder head, and of course normal maintenance). Now I don't want to mess with potentially toxic fluids from engines anymore and it hurts my back...
by Slacker
Sun Oct 22, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 20
Views: 1410

Re: HSA taxation in Calif

I'm glad to read this information, but boy the more I read, the more difficult it is to want to pull the trigger on moving to SoCal. Taxing HSA gains used for medical purposes is just ridiculous. I can't see how this would be the deciding factor for someone considering living in California. Where w...
by Slacker
Fri Oct 20, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 20
Views: 1410

Re: HSA taxation in Calif

I'm glad to read this information, but boy the more I read, the more difficult it is to want to pull the trigger on moving to SoCal. Taxing HSA gains used for medical purposes is just ridiculous.
by Slacker
Wed Oct 18, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1031

Re: Any Red Flag with Canceling Federal Employee Health Insurance?

Not surprising about your spouse's health insurance being better. I had often heard that federal benefits were far beyond anything in the private sector, but my current FEHB coverage is more expensive (double) for very similar coverage I used to get in the private sector. I have not personally heard...
by Slacker
Mon Oct 16, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan
Replies: 22
Views: 1847

Re: Thrift Savings Plan

From what little I read of your personal situation I recommend you simply pick one of the Lifecycle funds and don't look at the balance. Set your contributions to $692 per biweek if you can and let it ride. The higher the year, the more aggressive the portfolio (trying to get more growth). There are...
by Slacker
Sat Oct 14, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 59
Views: 4867

Re: Car Buying, Time to grow up.

Additionally, if buying a used Ford Focus make sure the recall work has been done for the transmission (if it has the DCT automatic transmission - this should come with an extension to the transmission warranty out to 7yrs and I think 70,000 miles) and the door latches which can break causing the d...
by Slacker
Fri Oct 13, 2017 6:58 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 59
Views: 4867

Re: Car Buying, Time to grow up.

I have a 2012 Focus Hatchback. I really like the way it drives and it gets great gas mileage. However, there is a persistent defect in Fords related to an evaporative emissions purge valve that can get stuck open causing the manifold to drop the pressure in the fuel tank and collapse it. The 2010-20...
by Slacker
Thu Oct 12, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6256

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

True ownership is a bit of an illusion. If my home can be dispossessed if i fail to pay property taxes in the same way I can be evicted if i fail to pay rent, then for me the proper consideration is compare whether the additional rights i get from homeownership are worth the additional risks. And I...
by Slacker
Thu Oct 12, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 3183

Re: SUV options with 3 little kids

Many people mentioned using Diono seats so I thought it would be appropriate to add this notification:

https://www.cbsnews.com/news/diono-issu ... car-seats/
by Slacker
Thu Oct 12, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5804

Re: How young is too young to retire.

Here is an interesting take on Bengen's "4% rule" which was reportedly not actually a "4% rule" but the Trinity study had just used 4% as it was easier and catchier than saying the "4.2% rule"

https://www.fa-mag.com/news/how-much-is ... 10496.html
by Slacker
Thu Oct 12, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5804

Re: How young is too young to retire.

If we retire at 45 our age 62 pension and social security (estimated because I'm not sure if it is taking into account being under 35 years) will cover 75% of our expenses then our rate of withdrawal will be around 2% so that's why I thought the 4% for 10 years 3% for 7 years then 2% for remainder ...
by Slacker
Thu Oct 12, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 50
Views: 6286

Re: MoviePass-Too good to be true, but it's legit.

Now MoviePass is saying they might not make it: https://www.bloomberg.com/news/articles/2017-10-11/moviepass-backer-boosts-funding-warns-service-may-not-make-it This is reminding me of the dotcom days. I was whimsically telling my spouse that they are purposely slowing the roll out of cards to new ...
by Slacker
Thu Oct 12, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4831

Re: Is there boglehead consensus on buying a car?

You can pick up a new Prius Prime Plus for almost the same price as a 3-4 year old Prius after incentives in Colorado. Makes it hard to justify buying used in Colorado if a Prius or plug-in Prius is your desired vehicle.
by Slacker
Fri Oct 06, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Motiv Ring
Replies: 3
Views: 525

Re: Motiv Ring

Looks great, until I go to bench press, or do pullups, or anything with a barbell, dumbbell, or handle. Any idea if this device can stand up to weightlifting abuse? I read on their website that it has a titanium shell - not sure if that is good enough. I wouldn't put too much force on it while doing...
by Slacker
Fri Oct 06, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4019

Re: Too much house? (nervous 1st time buyer)

How much are the annual property taxes on this house? HOA fees if any? Where I live, the property taxes on a 330k house could be $8,000+ per year and would sway me away from buying if I were living alone and didn't really need all that room. + 1 This jumped out at me as well. The home we own is wor...
by Slacker
Thu Oct 05, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after maxing out, with a twist
Replies: 14
Views: 2143

Re: Where to invest after maxing out, with a twist

Thank you all. To clarify, in the case of if I move to another region and we rent our previous property (using a property management company) and buy in the new city, based on rough estimates, the equity in the home is such that rental income should at least break even if not contribute to net posi...
by Slacker
Thu Oct 05, 2017 1:44 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 50
Views: 6286

Re: MoviePass-Too good to be true, but it's legit.

Looked great when I read a news article in late August about the $10 pricing. Went to their site and downloaded the app only to find that their servers were crashing. We decided to wait almost a week (thought that would be enough time for them to upgrade their backend). Signed up, paid, and still wa...
by Slacker
Wed Oct 04, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4150

Re: How much worth house should one buy?

I understand that many factors such as income, debt, expenses, market, family size play a role in how much worth house one should buy but is there a general rule or a common sense rule that monthly house payment shouldn't exceed certain % of the gross house hold income? What is the safest margin to...
by Slacker
Tue Oct 03, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 733

Re: Repair costs vs Getting a new car

Right now I am thinking (after talking it over with the spouse) that we may just get the vehicle fully repaired with the immediate issue fixed by a mechanic (instead of DIY so we have receipts) and then sell the car. We are shying away from the risk of faulty parts causing the same problem and then ...
by Slacker
Tue Oct 03, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 733

Re: Repair costs vs Getting a new car

OP, you might also do an online search for "discussion thread" of Fusion owners, & their experiences with this issue - how repair was accomplished & how much it cost. Should be easy to find; practically every car being driven has owner forum online. I've found them quite helpful in researching our ...
by Slacker
Tue Oct 03, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 733

Re: Repair costs vs Getting a new car

Repair costs quoted by dealer: $2300 Looks like it is common for people with my model (and a few other Fords) to have this issue. Car is 6 years old, 72,000 miles and gets a Kelley Blue Book value of around $4000-$5000 (purchased new at $22,000). Already had transmission computer problems (thankful...
by Slacker
Tue Oct 03, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 733

Re: Repair costs vs Getting a new car

Get a quote not by the dealer, could be substantially less. +1 Prior threads often report that much of the work does not need to be done and that what does really need to be done cost maybe a third of what the dealer quoted. Some state like California require a longer emission warranty so be sure t...
by Slacker
Tue Oct 03, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 733

Repair costs vs Getting a new car

Repair costs quoted by dealer: $2300 Looks like it is common for people with my model (and a few other Fords) to have this issue. Car is 6 years old, 72,000 miles and gets a Kelley Blue Book value of around $4000-$5000 (purchased new at $22,000). Already had transmission computer problems (thankfull...
by Slacker
Tue Oct 03, 2017 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee looking to move to Private sector..!
Replies: 34
Views: 2293

Re: Federal Employee looking to move to Private sector..!

I've had the opportunity to move to the private sector from my Fed Job. Had several face to face meetings with a partner at a big law firm and suddenly I had a recruiter calling me up within days of our last meetings. However, even though I work quite a few hours right now for the govt (we are on a ...
by Slacker
Mon Oct 02, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3903

Re: loosening the purse strings a bit at 37?

OP, What is your current annual expense? The numbers do not add up. If you plan to only save 46K (retirement) + 10K (529) = 56K per year, how much do you plan to spend every year? And, if you plan to spend that much every year, is 2.5 million enough for your retirement? Those numbers just do not ad...
by Slacker
Sun Oct 01, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 3903

Re: loosening the purse strings a bit at 37?

OP, What is your current annual expense? The numbers do not add up. If you plan to only save 46K (retirement) + 10K (529) = 56K per year, how much do you plan to spend every year? And, if you plan to spend that much every year, is 2.5 million enough for your retirement? Those numbers just do not ad...
by Slacker
Fri Sep 29, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 8251

Re: Question: Why do people put/keep millions of dollars in investment accounts?

In my opinion, the hardest part about real estate is not managing the property (which can consume time if you don't have a property manager) but rather in finding an appropriate deal. Too many people want to buy a $300K home and rent it out for $1800 -> bad deal and you would be better off keeping ...
by Slacker
Fri Sep 29, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7040

Re: 3 stages of Financial Independence

...And obviously even that has some limits as the world offers countless ways to fritter away money. So to me abundance does not mean you could sign up to take a monthly trip into space once Space-X or Virgin Galactic starts offering such a service. If Elon Musk gets his way, monthly trips into spa...
by Slacker
Fri Sep 29, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 8251

Re: Question: Why do people put/keep millions of dollars in investment accounts?

In my opinion, the hardest part about real estate is not managing the property (which can consume time if you don't have a property manager) but rather in finding an appropriate deal. Too many people want to buy a $300K home and rent it out for $1800 -> bad deal and you would be better off keeping a...
by Slacker
Fri Sep 29, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7040

Re: 3 stages of Financial Independence

What's an OMY? OMY - One More Year where the combination of additional year of savings plus not having to withdraw a year's worth of expenses gives your portfolio a shot in the arm. Ever consider part time work (if that is possible at your place of employment)? You get to still engage at work, you ...
by Slacker
Thu Sep 28, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: New Federal Employee with Blank Financial Slate
Replies: 7
Views: 681

Re: New Federal Employee with Blank Financial Slate

1. Get your military years credited for Pension purposes. Especially when you get married, if you have 10yrs total service in the event of your untimely death your widow gets to draw your pension. The military years helps to get you there sooner as "insurance" for her future. 2. After you get marrie...
by Slacker
Thu Sep 28, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4385

Re: 20% Down Payment Sub-optimal?

.. Yeah, that is what I was going for. I am in this situation. I am 24 years old and home ownership is not a high priority goal for me at the moment. I am maxing out my TSP and IRA. That only leaves a few hundred dollars of excess to divert to savings every month. I don't particularly want to own a...
by Slacker
Wed Sep 27, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 5966

Re: My Smartest Financial Moves

1. Changing career fields. 2. Reading a Dave Ramsey book, followed by "The Millionaire Next Door" and then searching the internet until I ended up on Mr. Money Mustache and Boglehead websites. 3. Getting my spouse on board with a financial plan we can both agree to. 4. Maxing all retirement accounts...
by Slacker
Wed Sep 27, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4385

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. ... If you can’t save a measly $50k then maybe you can’t afford a $250k house? What if they LBYM but their money is stas...
by Slacker
Wed Sep 27, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4385

Re: 20% Down Payment Sub-optimal?

Clearly, I misunderstood the comment to which I was replying. I was thinking in terms of regular pest control on a bi-monthly or quarterly basis when the person I responded to was discussing taking care of an infestation. Our properties are managed by a local small business property manager with a g...
by Slacker
Wed Sep 27, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4385

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. If your rent is $1000/mo and the refrigerator goes, you still pay $1000 that month. If you get an invasion of ants and t...
by Slacker
Wed Sep 27, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4385

Re: 20% Down Payment Sub-optimal?

The OP doesn’t consider that by not saving up 20% you haven’t demonstrating your ability to live below your means which is usually a prerequisite for being able to afford a home. If your rent is $1000/mo and the refrigerator goes, you still pay $1000 that month. If you get an invasion of ants and t...
by Slacker
Tue Sep 26, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11149

Re: The Rolex and The Boglehead

It's interesting; I wonder how many people in this thread bashing Rolexes have bought jewelry for their SO and see no issue with that. I myself am interested in a sub-$200 Daniel Wellington; they're nice watches too though a bit too expensive for my taste at the moment. I currently wear a $40 Casio...
by Slacker
Tue Sep 26, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11149

Re: The Rolex and The Boglehead

... I view mechanical watches as little works of art and I admire them as such. If people understood the depths that Rolex takes to design and improve their watches I think more people would respect the brand. I always saw Rolex as gaudy but then I found out how much of a passion they have for perf...
by Slacker
Sun Sep 24, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 255
Views: 30970

Re: Good Modern Science Fiction

This is a really old thread, but if anyone enjoys reading Heinlein as the OP does, then I recommend giving Ian Douglas a try. The "Star Carrier" series is one I really enjoyed (I'm about to read the 7th book in the series which just came out this year).
by Slacker
Fri Sep 22, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15441

Re: Let's talk about your FI # and family income [Financial Independence]

I am impressed by the house incomes ($200K ~ $400K) posted here. Where are the average Joes? Yeah, this thread is depressing to me quite frankly, lol. My wife and I gross around 125-130k which I thought wasn't too bad until reading this, good gosh. I will have a pension if I choose to stay in game....
by Slacker
Thu Sep 21, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24168

Re: I won the Lottery. Need sound advice.

I'm in a unique situation. Earlier this year, I won the lottery. Literally. I won about 1.2M (after taxes). This is life-changing. My wife and I already had about 140k in retirement savings previous to winning. We max out our 401k and 403b, respectively. I have about 215k in "bad debt" (credit card...
by Slacker
Tue Sep 19, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25349

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy with a healthy emergency cushion, say around 100K-200K saved @ age 35 or 40 . You can't get wrapped up in a number. Think about it like this (assuming...
by Slacker
Tue Sep 19, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25349

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy with a healthy emergency cushion, say around 100K-200K saved @ age 35 or 40 . You can't get wrapped up in a number. Think about it like this (assuming...
by Slacker
Tue Sep 19, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Time to buy a used VW Diesel?
Replies: 19
Views: 1415

Re: Time to buy a used VW Diesel?

...I wouldn't care all that much about what a 46 mpg diesel puts out compared to all the Kenworth and Mack trucks out there (not to mention all the John Deere tractors creating food for us). First, pollution is additive and the effects get progressively worse as more pollution is added into a local...
by Slacker
Mon Sep 18, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25349

Re: Calling out the not so rich bogleheads

Reading stories of the wealth others have amassed inspires me to keep working towards my goal because it IS achievable. While our incomes are modestly high right now (we are in the $200k-250k range as a household), 5 years ago (at 35) we were barely making $75k as a household. Even worse, we were li...
by Slacker
Mon Sep 18, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18325

Re: Is it really Worth it to brown bag your lunch at work?

For people that live in the city with near access to a lot of restaurants - eating out is certainly faster and I don't know if I would call these folks outlier situations since millions of people are in this circumstance. Thinking of the offices I travel to and people I work with in downtown DC, Sa...
by Slacker
Mon Sep 18, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 3998

Re: Worth buying an excessive house?

My issue is that a bigger house means a bigger energy bill and new furniture to fill it, a bigger garage means more toys to fit in it, a pool means more liability insurance and fences for safety, which means even more insurance and maintenance, a nicer school often means required donations OR you h...
by Slacker
Mon Sep 18, 2017 2:04 am
Forum: Investing - Help with Personal Investments
Topic: Military: Investing a Windfall in Expensive Market?
Replies: 16
Views: 2034

Re: Military: Investing a Windfall in Expensive Market?

Someone recently posted this on a different personal finance forum. You might find it an enlightening read with regards to "inveting a windfall in expensive market" Bob the world's worst market timer (moral of the story - time in the market and diligent saving, not timing the market) BTW - with your...
by Slacker
Sat Sep 16, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: Are long-term market returns reliable?
Replies: 38
Views: 4074

Re: The myth about long-run stock returns

Here is a remedy:

Monitor your investments.
If the amounts are not what you need to be FI/retired, work "one more year".
After you achieve the required amount (to be FI / Retired), the accumulation phase considerations are no longer paramount.