Search found 571 matches

by Slacker
Sun Sep 16, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 126
Views: 8134

Re: Considering Quitting Job - Seeking Advice. Would you do it?

We had a family member working those kind of hours for the last several years of their career, but for far less salary and rewards. They passed away recently due to health complications. I can't help but believe that the work stress was a major contributing factor in their untimely death at 42. They...
by Slacker
Tue Sep 11, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 9822

Re: Anyone else not save for cars?

Is there a trick to getting “near zero” auto loan interest rates? I checked current rates on bankrate.com and am seeing 4-5%. My local credit union has rates on 3-5 year loans below the corresponding treasury yield. If I were in the market for a new car that would be “sub zero” from my perspective....
by Slacker
Tue Sep 11, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: After a couple of years I'm back - take a peak and tell me how I'm doing - all advice welcome!
Replies: 9
Views: 1132

Re: After a couple of years I'm back - take a peak and tell me how I'm doing - all advice welcome!

JBTX wrote:
Tue Sep 11, 2018 8:34 am
If I read it correctly, you only have $25K of emergency fund, and no other liquid non retirement assets. That seems kind of thin to me. But you do have access to a HELOC, so that is good.
If truly an "emergency" they could tap the Roth IRA contributions as well.
by Slacker
Tue Sep 11, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3074

Re: Father Wants a Home Mortgage (Bad Credit Score)

I haven't stepped into anything at the moment unless you count trying to help him find a willing lender. I told him I would make a post on this site to get ideas or potentially find someone willing to take on the risk (with a higher interest rate to compensate) and did not agree to anything else. ....
by Slacker
Thu Sep 06, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: My recent experience with buying custom window blinds
Replies: 27
Views: 2598

Re: My recent experience with buying custom window blinds

Installing blinds is easier (and far safer) than changing the brake pads on a car or changing a garbage disposal unit. I'm surprised that the DIY nature of many people's responses on other posts doesn't extend to blinds. We just buy the blinds from home depot or lowes and install them ourselves. Jus...
by Slacker
Tue Sep 04, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 2836

Re: When do you drop collision insurance?

In some states UIM (under or uninsured motorist coverage) also covers physical damage to your vehicle even when you don't carry collision or comprehensive. In those cases, worry of the other party not having insurance should not apply. Washington state with USAA was one such combination and I had to...
by Slacker
Sun Sep 02, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18040

Re: How to Retire in Your 30's with $1 Million in the Bank

As some people have noticed, the quickest way to get to the requisite multiple of your expenses is to work on the denominator :) Also, software development (a.k.a. "tech") is prone to burnout, partly because of constant deadline pressure but mostly because everything is critical path. If you're an ...
by Slacker
Fri Aug 10, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Moving soon; whom to hire to help me move?
Replies: 27
Views: 2424

Re: Moving soon; whom to hire to help me move?

I recently completed a cross-country move, and had luck using a website called Uship . I listed the contents of what I wanted to move online and shipping companies made bids. The shipper I picked was licensed and bonded, and they came in about 30% less expensive compared to the big household names ...
by Slacker
Thu Aug 09, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Moving soon; whom to hire to help me move?
Replies: 27
Views: 2424

Re: Moving soon; whom to hire to help me move?

Just an additional note: we work from home and so I also didn't want to have to take additional vacation days waiting on the movers schedule to get our office setup vs being able to arrive at location with our office gear and get right back to work. Prefer to use my vacation time for actual vacations.
by Slacker
Thu Aug 09, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Moving soon; whom to hire to help me move?
Replies: 27
Views: 2424

Re: Moving soon; whom to hire to help me move?

Just moved cross country. Allied quoted us $7500 (with us driving our cars ourselves). We did it with hired labor and a rental truck with one car dolly for $3000 total including all the rental truck insurance options. We're not yet in our 50s, and I felt that the$4500 savings was worth it. We did no...
by Slacker
Tue Aug 07, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan Help
Replies: 11
Views: 829

Re: TSP Loan Help

Do you have any of these options? 1. Emergency fund 2. Roth IRA contributions 3. HELOC 4. Taxable account savings - pay the capital gains taxes and sell shares 5. Ask parents for help??? ...or just start cutting expenses to the bone and pay as much of the loan as you can in 90 days and take a tax hi...
by Slacker
Sat Jul 14, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14452

Re: Early retirement

I am entitled to my opinion, just as you yours. 55 is up there ... means you've been working for almost 40 years. I started my first job at 16. Its not only military. State and government workers can do the same. So can those who focus on investments which produce cash flow. On this forum, 55 may b...
by Slacker
Fri Jul 13, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5810

Re: Would you trade experiences in your youth for early retirement

If I could go back and take back 50% of the dollars I wasted on alcohol at bars and clubs in my 20s to pad my retirement accounts, I would do it in a heartbeat. Due to those "experiences" being alcohol fueled, I wouldn't miss out on much as far as "memories" go...
by Slacker
Wed Jul 11, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4859

Re: Which advanced tech is necessary in cars?

I have to admit that I actually find it a little annoying that so many people don't use cruise control on their cars when driving down the highway. The constant changing of speed, travelling at 65mph for 1/2 mile then 63 mph for 1/2 mile then 69mph for 1/2 a mile is a little annoying when you don't ...
by Slacker
Tue Jul 10, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4859

Re: Which advanced tech is necessary in cars?

Self parking: apart from the salesman's demo, I have not sorted out how to use this! May be useful in congested cities? The self parking in our Toyota for backing into a spot seems to have a TON of problems. However, with a back up camera and parking distance sensors doing my own backing into a par...
by Slacker
Tue Jul 10, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4859

Re: Which advanced tech is necessary in cars?

Apart from most standard safety features I would personally never buy a car without - Backup camera - Blind spot warning/monitoring - Adaptive Cruise control I've seen a backup camera in friends' cars. I can imagine that being a useful feature. I'm not so sure about the blind spot warnings - that s...
by Slacker
Tue Jul 10, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5646

Re: Should I take a $60k paycut to work 4days/week

A very personal decision but I'll give you my opinion and what I would personally do. I would absolutely take the smaller work schedule and work 4 days a week if the family income is still $340K/yr. My kids are teenagers about to go to college now and I would love to have had more time with them whe...
by Slacker
Sat Jul 07, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4859

Re: Which advanced tech is necessary in cars?

We have a car with most of the latest driver's aids and we have an older car without the driver aids. The driving experience going from one to the other is quite remarkable, IMO. Rear cross traffic alert is very nice to have. Rear backup camera is very nice to have (our driveway is very steep and yo...
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: 100
Views: 14584

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: 14547

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: 1367

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: 139
Views: 17765

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: 4308

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: 139
Views: 17765

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: 14547

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: 4886

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: 170
Views: 8514

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: 4308

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: 4308

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: 4045

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: 4018

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: 4018

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: 550
Views: 37794

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: 11431

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: 539

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: 11431

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: 5501

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: 2270

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: 8704

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: 8704

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: 8704

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: 1901

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: 1180

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: 2399

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: 6366

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: 11483

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: 17250

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: 3816

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: 3816

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: 828

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.