Search found 553 matches

by Slacker
Thu May 31, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12251

Re: Have $3m at 33, "approach to career" advice needed

Any hobbies you could really get deeply involved in? For example, if I were financially independent I'd open a fish store knowing that I likely will only make enough money to sustain the store, but I could really get into spending my days maintaining 100+ different species tanks...or maybe I'd open ...
by Slacker
Fri May 25, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13256

Re: Renting vs Owning Your Home

Very interesting... -One respondent to my query stated that it was temporary because they were just starting out (however, we are in our 40s and have been around for a bit). -One respondent stated that the homes were too poorly built to consider purchasing. That is valid, since we work from home - I...
by Slacker
Fri May 25, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: should I buy or rent
Replies: 18
Views: 1266

Re: should I buy or rent

Rent vs. Buy. Read this blog post. The blogger has a definite point of view, but he breaks down the issues quite well. Both in terms of financials and lifestyle he lands squarely on the side of renting. He says that he and his family are "renters for life." There is a lot to consider in his post, a...
by Slacker
Thu May 24, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 13863

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

Watty - I had it slightly wrong and TX_Drew actually had the more accurate response. If you have a $100K mortgage and you pay it off then you have $0 owed and $0 in cash. If you have a $100K mortgage and you pay $6000/yr then after year 1 you would have $94K in investments and slightly more than $94...
by Slacker
Thu May 24, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4076

Re: Buy this home?

Although the job market may be different now, how did Seattle housing do during the issues in 2007/8 ? How stable are the jobs? I lived through the housing bust (and it was a big one) in Arizona. I saw houses around me go from $300K up to $700K and back down to $300K within a 7 year time frame. In ...
by Slacker
Thu May 24, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 13863

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it off. Investing the money and getting a higher investment return is harder than it sounds because you have a sequence of returns risk. Here is an example that I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers...
by Slacker
Thu May 24, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13256

Re: Renting vs Owning Your Home

Do a ton of people really rent horrible little apartments/homes that they don't really want to live in? That seems very counter-intuitive. We are buying a home that is virtually identical in all aspects to the homes we were trying to rent (too many Landlords were fighting against us on our two pets ...
by Slacker
Thu May 24, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4620

Re: Fear vs. reality. Don't worry. Be happy.

"While some people do run out of money, a person with less than $500,000 in savings, on average, spends just about a quarter of it during the first 20 years of retirement, according to a study by Sudipto Banerjee of the Employee Benefit Research Institute." So if you retired at 65 with less than $5...
by Slacker
Wed May 23, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 158
Views: 5715

Re: Purchasing a house, downpayment vs. retirement and other considerations

$170K / yr $800K-$1000K house At least you might get future childcare for free. My take is: Keep working and saving, get those promotions. Have that 20% downpayment saved from your own money and come back with a much increased income, then buy said house, see if in-laws will still help with renovati...
by Slacker
Wed May 23, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4076

Re: Buy this home?

If I were in the Southeast or North Carolina, I would be doing what you guys are doing, buying a home for $300k :)---but I'm not, I'm in Seattle and that too for the long term. Houses for < $800K would pull us further from the better school districts, our jobs etc. ... From my point of view, the to...
by Slacker
Tue May 22, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4076

Re: Buy this home?

Speaking as someone who has a household income substantially the same as yours at roughly the same age, a $1,000,000 house sounds crazy. We are about to close on a house for just less than $300K in one of the major metros of North Carolina. I could never imagine spending more than 3x that much on a ...
by Slacker
Tue May 22, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Are there any experienced real-estate people here?
Replies: 39
Views: 3803

Re: Are there any experienced real-estate people here?

The only way you are going to put in $20,000 of cash and get $50,000 of value is if you are a skilled handyman/contractor and are putting in hundreds of hours of labor for free and spending the $20,000 on materials. The authors of "Freakonomics" seem to believe that Realtors keep their homes on the ...
by Slacker
Mon May 21, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3851

Re: Can I retire? Input and advice is welcome!

So roughly $1700 expenses per month ($20,400/yr) for 11 yrs until you get a COLA pension of $2900/month? You don't need to bother with a 4% drawdown on such a short time span. I'd say you are set if your life doesn't change at all. However, as someone else pointed out, you should price in your hobbi...
by Slacker
Sun May 20, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3851

Re: Can I retire? Input and advice is welcome!

What are your expenses with the health insurance plan?
Does your Defined Benefit include a cost of living adjustment?
by Slacker
Wed May 16, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 491
Views: 28849

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Personally, I don't have a problem with putting in 28% [correction] 24% tax bracket money that I will pull out filling up the 10%, 12% and 22% tax brackets.
by Slacker
Tue May 15, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10572

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

We do not go beyond 18.5K in our 401K(s). 1. Employer doesn't allow it. 2. Employer doesn't have in-service roll over. 3. OPM/TSP will tell you that they just follow the IRS rules for 401K, but clearly they do not follow the entirety of the rules. Yep. Cheer up, eventually you can hit $24k/year! Fr...
by Slacker
Tue May 15, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: To sell or not to sell Investment Property?
Replies: 2
Views: 516

Re: To sell or not to sell Investment Property?

Investment property 3 has around a 6.3% return on invested capital BEFORE maintenance costs (assuming no vacancies). What is your typical maintenance, tenant turnover, advertising, etc costs on a house? Have you checked what the rates of return will be compared to your ETF investments? In my opinion...
by Slacker
Mon May 14, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10572

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

We do not go beyond 18.5K in our 401K(s).
1. Employer doesn't allow it.
2. Employer doesn't have in-service roll over.
3. OPM/TSP will tell you that they just follow the IRS rules for 401K, but clearly they do not follow the entirety of the rules.
by Slacker
Mon May 14, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 83
Views: 5023

Re: keyless ignitions and carbon monoxide

If we leave our Prius "ON" when we get out, it beeps at us (detects that the key is not present in the cabin). If I remotely start our Prius, it would take a long, long time to deplete the battery (Prius Prime) and we almost always plug it in when we get home. The remotes don't have remote start - I...
by Slacker
Fri May 11, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: buying new laptops
Replies: 19
Views: 2109

Re: buying new laptops

Really like our Dell XPS13. Smallest laptop with a still very usable 13 inch screen +1 Just add a larger monitor (24" maybe?) for when you need to work at a desk for long periods of time so that the laptop stays more portable (due to smaller screen) for when you don't need to stare at the screen ho...
by Slacker
Fri May 11, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 44
Views: 8418

Re: Newby to this forum: do i have enough?

As in most discussions/arguments the truth lies somewhere in between. I refuse to believe that real estate is the absolute worst thing to do with ones money as well as that equities is the absolute best thing to do. There’s lots of gray. I'm not personally stating that real estate is an awful thing...
by Slacker
Fri May 11, 2018 2:22 am
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 44
Views: 8418

Re: Newby to this forum: do i have enough?

Thanks. hard for me to imagine exactly what our take home would be after taxes. i believe we could live on about 10-15k per month take home $ especially if we own our home. regarding our rental properties, we purchased one for 676k in 2014 and the other for 650k in 2016. they both are worth about 8...
by Slacker
Thu May 10, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 44
Views: 8418

Re: Newby to this forum: do i have enough?

Do you manage your own properties? Kind of sounds like it -> I can understand that prop mgmt is a big expense, but it seems like a relatively low wage earned for a couple making $650K to manage your own rentals that have such a low rent to price ratio. If you really enjoy managing the rentals, it co...
by Slacker
Wed May 09, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Another Vehicle Question
Replies: 31
Views: 1704

Re: Another Vehicle Question

Are you really sure that the Expedition is going to give you that much room? Are your kids the size of college linebackers? And by the time they are a few will be leaving the nest anyway. I've always been surprised by how small the big SUVs feel inside. Minivans typically make much better use of th...
by Slacker
Fri May 04, 2018 1:45 am
Forum: Personal Consumer Issues
Topic: Colorado Auto Insurance Rates 3rd Highest in Nation
Replies: 12
Views: 1069

Re: Colorado Auto Insurance Rates 3rd Highest in Nation

...CO auto insurance rates are the third highest in the nation... According to Business Insider, 3/22/18, Colorado is tied for 19th. Rankings of Average Cost Auto Insurance By State Each summer Forbes publishes its ranking of auto insurance costs by state, using info from insure.com. Most recent pu...
by Slacker
Thu May 03, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2234

Re: Buying a house and High tax blue state.. Does it make sense anymore??

You're wondering if it makes sense to buy a house when you will pay a lot in property taxes. I'm not sure why "blue" is relevant here. Or even really 'state'. [OT comment removed by admin LadyGeek] https://taxfoundation.org/how-high-are-property-taxes-your-state-2016/ It really comes down to a pers...
by Slacker
Fri Apr 27, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Comfortable Commuter Cars under $50K
Replies: 81
Views: 5907

Re: Comfortable Commuter Cars under $50K

Wow, ton of suggestions all over the map. I think the OP would be best served at this point to take some of the suggestions and start renting cars. Maybe a week in each of the candidates that they think conveys their desired image of "36 single male". That will tell you a lot about comfort and usabi...
by Slacker
Fri Apr 27, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10549

Re: Wedding - financial burden on couple and attendees

Weddings in the USA are the biggest racket on the planet. Absolutely financially stupid for young couples to participate in. Only if you're crazy. Ours was in the US and it was under $5,000, including my wife's $800 dress. +1 Under $5000 had about 100 in attendance. For one, we used a local church ...
by Slacker
Tue Apr 24, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 15892

Re: Is Los Angeles a good place long term to live financially?

boglerdude wrote:
Sat Apr 21, 2018 11:02 pm
Short commute to globally competitive jobs
Good public schools
Inexpensive housing

Pick two
OT:

I am finding that the Raleigh-Durham area appears to have all 3!

(short commute relative to my experiences driving in LA, DC, Seattle, Denver and Phoenix)
by Slacker
Fri Apr 13, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3610

Re: Engineering: Quality of school vs. specialized niche degree

You can get plenty of programming classes and experience in an Electrical Engineering curriculum designed with a concentration in Robotics or Controls. Every EE I know programs in the real life. Specialized programming that only a EE could do, I did that for a few years (on Renesas processors for c...
by Slacker
Sun Apr 08, 2018 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3610

Re: Engineering: Quality of school vs. specialized niche degree

You can get plenty of programming classes and experience in an Electrical Engineering curriculum designed with a concentration in Robotics or Controls. Someone interested in Robotics can also look into the newish "Mechatronics" Engineering degrees which marries mechanical engineering, electrical eng...
by Slacker
Fri Apr 06, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Amica paid in full discount for auto
Replies: 5
Views: 737

Re: Amica paid in full discount for auto

Amica just gives me a quote for pay in full vs monthly and we pay in full based on it being less expensive.
by Slacker
Fri Apr 06, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3509

Re: Any advice for 1st time landlord

To avoid 95% of the headaches of being a landlord we made sure the numbers worked with hiring a property manager and I carefully interviewed several that operated in the neighborhoods where we have real estate. The most important part of this process, in my opinion, was checking references (the ones...
by Slacker
Wed Apr 04, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11009

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

We should take articles like this with a grain of salt. I would be more interested to know their savings rate relative to their income. A lot of information is purposefully misssed from the article to make it appear this couple has a high savings amount, and it is high to most standards, but can be...
by Slacker
Wed Apr 04, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11009

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

My frustration is with the article, and not with the couple. They're fine -- but they're not saving $150K because they stopped going to concerts, or because they eat inexpensive Chinese cuisine. They're very well off and well-compensated by American standards, and when one is well-off, it's very, v...
by Slacker
Wed Apr 04, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11009

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

If I told SO for entertainment we were going to dance in the living room it would cost me money not save me money as they would probably start throwing lamps and things. My wife would throw a celebration, send pictures to her family members, and write a special entry in her journal if I told her we...
by Slacker
Tue Apr 03, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1882

Re: Can we afford this house?

$3300 covers current PITI payment + maintenance + repairs + extra for vacancies? Seems like terrible returns - A $800K home earning $3300/month rents. I don't think you'd go out today and buy a $800K home to turn into a rental at that rate. Personally, I would sell the current home, lock in the $50...
by Slacker
Mon Apr 02, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1882

Re: Can we afford this house?

How much equity do you have in your current home. Will you be selling it? We have $600k equity in our home and plan to rent it out. I am confident we can rent our home out for $3000/month, possibly $3300. $3300 would cover our current payment. We have some experience being landlords so it’s not a h...
by Slacker
Mon Apr 02, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6692

Re: Is Lockheed Martin about to become the biggest company in history?

A former colleague got a patent on faster-than-light communication. I expressed some skepticism, saying that there were well-accepted arguments against it based on violation of causality. He replied, "They don't give patents for nothing, my friend." I did not have a good answer for that. I couldn't...
by Slacker
Mon Apr 02, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1882

Re: Can we afford this house?

There is also the danger of "keeping up with the Joneses" in your new $1.7 million neighborhood. Easier to be frugal/semi-minimalist when you bought into a neighborhood of $350K houses and make $360K/yr. Saving 30 minutes on commute times for maybe 230 days a year does give you back about 115hrs of ...
by Slacker
Mon Apr 02, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6692

Re: Is Lockheed Martin about to become the biggest company in history?

Absolutely. Cheap, virtually unlimited energy is what we really need these days. We already have that. It's called the sun. Sun = free. Solar photovoltaic = expensive. Check the experience curves. PV is now down to cost competitive with other forms of electricity generation. https://www.lazard.com/...
by Slacker
Mon Apr 02, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6692

Re: Is Lockheed Martin about to become the biggest company in history?

Absolutely. Cheap, virtually unlimited energy is what we really need these days. We already have that. It's called the sun. Sun = free. Solar photovoltaic = expensive. Check the experience curves. PV is now down to cost competitive with other forms of electricity generation. https://www.lazard.com/...
by Slacker
Sun Apr 01, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5300

Re: Nice article on saving money and financial independence

She probably needs to get to age ~65 (or a little lower) intact when SS income can supplement her current nonwage income. I think she can do it. I didn't bother reading the article, but if she's not paying in enough to social security, she won't be getting much/anything back at 65. Since she is 39,...
by Slacker
Sun Apr 01, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5300

Re: Nice article on saving money and financial independence

Hey blog shows last year's income at $89,000 and it appears to be an after tax amount. Her condo is also fully paid for, so no mortgage or rent to be paid out of that $2000/month. Looks like her expenses were listed as $19k for 2016 and $24k for 2017. I think she may actually be going for a $600k FI...
by Slacker
Sun Apr 01, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6807

Re: KF Annual Expense Based Personal Finance Strategy

Slacker, In the post I replied to by KF, he mentions a method for deciding when further savings are not needed, based on three variables: expense, savings, and years to FI. It is true I purposely applied his same math to an alternative situation. It’s strange to judge me for the outcome, however un...
by Slacker
Sun Apr 01, 2018 1:26 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6807

Re: KF Annual Expense Based Personal Finance Strategy

Leemiller, Klangfool's system is simple and has few input variables. That was his choice, not mine. Also note that it is a general "annual expense based personal finance strategy"; I would have fewer objections if it explicitly stated it was only for people mid-to-late career. The point is it is no...
by Slacker
Sun Apr 01, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6807

Re: KF Annual Expense Based Personal Finance Strategy

The point is according to KF's system, Bob need not save anything more. Would most Bogleheads tell Bob that there is no need to save any more of his income for the next 40 years? edit: The situation closely mirrors my personal situation, it's not purely a hypothetical. The reason I still save is I'...
by Slacker
Fri Mar 30, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Car Subscriptions
Replies: 22
Views: 2430

Re: Car Subscriptions

... That said, I think it MAY be possible to do that now with longer term rentals from Enterprise and perhaps others. ... I read an article touting "Porsche Passport". $2000 for the lower end Porsches and $3000 for the higher end Porsches for one month. You can change which Porsche you drive from d...
by Slacker
Thu Mar 29, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9525

Re: What is the endgame for Millennials?

... It is clear that some combination of the following will need to happen over the next 30 years as my generation ages towards retirement (likely in some combination): 1) Shift in expectations to working to a later age than previous generations. This is not necessarily a bad thing given increased ...
by Slacker
Thu Mar 29, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Co-worker told me 401k/403b is a bad idea.
Replies: 52
Views: 6014

Re: Co-worker told me 401k/403b is a bad idea.

I hear this complaint from my in-laws semi-frequently. I just tell them, that it is a wonderful problem to have! They have large pensions and the RMDs push them into a higher tax bracket (so they claim, I haven't looked at their numbers). They say the 401K was a sham and they were lied to about usin...