Search found 792 matches

by onthecusp
Mon Jul 13, 2020 6:10 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 143
Views: 7497

Re: Were You Around During Dotcom Bubble?

I was investing, I mean randomly speculating, :( back then. I put, I think about $12,000 into OnSale.com which became part of egghead.com later on. Ticker ONSL. A few weeks later a short squeeze sent it into the stratosphere and I was a dotcom millionaire, literally I saw that position worth more th...
by onthecusp
Fri Jul 10, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Convenience Fee For Mortgage Payment?
Replies: 15
Views: 1347

Re: Convenience Fee For Mortgage Payment?

Not in CA. I use Chase bank "billpay" which sends a check if they don't have an electronic system linked directly to Chase. I set it to automatically send the same amount every month timed to get there a couple of days early.

Super convenient, more so than logging into yet another mortgage site.
by onthecusp
Fri Jul 10, 2020 12:34 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10044

Re: 51 year old physician

You will get more responses if you post in the following format. https://www.bogleheads.org/wiki/Asking_portfolio_questions +1 A fairly generic answer in the meantime is: contribute to 401k and other tax-advantaged accounts (IRAs, other plans you may have at work). Invest the contributions into a "...
by onthecusp
Thu Jul 09, 2020 4:24 pm
Forum: Personal Investments
Topic: Reasonable withdrawal rate?
Replies: 18
Views: 1862

Re: Reasonable withdrawal rate?

Welcome back and thanks for helping it along in the early days. :D I'm in the camp that since your rate goes down after only 8 years that 4 (or even 5% in a big spending year) is quite conservative plan. Maybe look into the VPW spending plan in the WIKI if you can accept a little variability. And yo...
by onthecusp
Tue Jul 07, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7117

Re: 15 year or 30 year mortgage?

If your career is likely to include pretty regular pay increases then I would stretch for the 15 year like we have the last 4 houses we bought. This is the case for my job. If we try 15 and it’s just keeping us too thin as years go by, is it a difficult or wasteful process to ReFi to a 30 year? As ...
by onthecusp
Mon Jul 06, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 506
Views: 18572

Re: Bird watchers – what birds are you seeing?

Wife and I saw a hawk in the back yard on our swim yesterday too! It hopped around the tree branches for awhile but could not see it clearly enough to determine what kind.
by onthecusp
Mon Jul 06, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7117

Re: 15 year or 30 year mortgage?

I'd do 30 if you're anywhere near being tight on 15. Absolutely. +2 Often, a 15 year makes no sense. A recent example from another thread: 3% 30 year vs a 2.65% 15 year. 15 year costs $674/mo per $100k. 30 year costs $422/mo per $100k. If you pay $674/mo per $100k on the 30 year loan, you'll have p...
by onthecusp
Mon Jul 06, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7117

Re: 15 year or 30 year mortgage?

If your career is likely to include pretty regular pay increases then I would stretch for the 15 year like we have the last 4 houses we bought. It has always given us more to put down on the next. Also it encourages you not to buy too much house. Never quite got any paid off before we moved. We are ...
by onthecusp
Sun Jul 05, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Boglehead Way to buy an Audi
Replies: 91
Views: 5654

Re: Boglehead Way to buy an Audi

This Bogelhead bought 4 used Audi's and have been happy with all of them. First was from a private seller, second was off lease (essentially CPO with the warranty they offered at the time), third was lemon law title from a local luxury used car dealer, and the last was from Texas Direct Auto, an exp...
by onthecusp
Sun Jul 05, 2020 12:02 am
Forum: Personal Consumer Issues
Topic: Excess Flow Valve
Replies: 8
Views: 870

Re: Excess Flow Valve

Just googled it and it does not protect against gas leaks in the home. It is useful against major damage like excavation that hits your gas line or other pipe failure. Is this an issue anywhere?
by onthecusp
Fri Jul 03, 2020 5:00 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

Got it. Time for me to do more personal investigation. Thanks for narrowing the field for me.
by onthecusp
Fri Jul 03, 2020 4:37 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

... My plan is to make the employment move within a month or so and and talk to Fidelity where all my other accounts are, about a solo 401k. ... Keep in mind that Fidelity’s Solo 401k does not allow Roth employee deferrals or a mega Backdoor Roth. Aside from that, I use and like their Solo 401k. Th...
by onthecusp
Fri Jul 03, 2020 3:55 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

What I meant about the solo Roth 401k is that I have not explored it at all. My understanding is that currently, as a wage employee, our joint income is well over the limit to be able to contribute to a Roth. However, based on the above, it appears that using after tax money to fund a solo Roth wou...
by onthecusp
Thu Jul 02, 2020 11:57 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

Interesting points. I think I could self administer if I stay away from the Mega Backdoor Roth option, but still the current IRA might be enough for now. Good background on some of the other plans, I'll keep that in mind if I do go the solo 401k route. I don't recall hearing of difficulty from peop...
by onthecusp
Thu Jul 02, 2020 11:46 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

Do I have adequate tax-deferred: My RMDs will be more than I need so I guess the answer is yes. After 70 it should be approaching 30,000 and we will be needing around 15,000. I plan to do some Roth Conversions in the 5 years before 72. Maybe also some early withdrawals without rolling it into a Rot...
by onthecusp
Wed Jul 01, 2020 12:49 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

A self-employed 401k plan could be worthwhile for you if: 1) you will be self-employed and earning $140k per year, 2) willing to self-administer (N/A if you pay for a MBR TPA plan such as Employee Fiduciary) 3) are maxing out your (and spouse’s?) IRA space 4) have $ to contribute and/or if you want...
by onthecusp
Wed Jul 01, 2020 12:40 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Re: Do I need a Solo 401k / Mega back door Roth plan?

• If I make this move soon, can I establish and save anything in a solo 401k this year? If not, since I already maxed out my current plan, should I establish the solo 401k immediately or just wait till next year? You have maxed your employee elective deferral amount (The 19.5k) for this year. You c...
by onthecusp
Tue Jun 30, 2020 8:34 pm
Forum: Personal Investments
Topic: Do I need a Solo 401k / Mega back door Roth plan?
Replies: 17
Views: 672

Do I need a Solo 401k / Mega back door Roth plan?

I’m probably moving from full time work to part time before full retirement, leaving the corporate life. :D It will be a more flexible part time consulting position where I will be a 1099 worker / sole proprietor for about 3 years making about 140,000/yr. I intend to save a more for retirement but I...
by onthecusp
Sun Jun 28, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Solar with battery/tesla wall
Replies: 97
Views: 6250

Re: Solar with battery/tesla wall

Regarding extended outages and a backup generator. Especially combined with a significant solar setup you may not need much of a generator. Without solar, we survived a 2 week outage after hurricane Ike, south of Houston, borrowing a few hours a day on a neighbor's portable generator to keep our fre...
by onthecusp
Sat Jun 27, 2020 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1522

Re: Independant contract offer, what am I missing?

1moreyr wrote:
Sat Jun 27, 2020 8:46 pm
This is definitely a 30th year if you will and hopefully the beginning of a semi retirement. If it falls apart and becomes pure retirement, I think i would be ok with that. :sharebeer
Great plan! :sharebeer
by onthecusp
Sat Jun 27, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1522

Re: Independant contract offer, what am I missing?

Great financial advice above. More on the quality of life side, first be sure you are fine with both being your own boss, and having a boss. I'm planning to make the jump to a similar situation to provide a "part time" retirement. Since my total income will probably go down I'm seeing that fixed cos...
by onthecusp
Thu Jun 25, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11483

Re: What is the single best piece of exercise equipment you bought for your home?

Nordictrack ski machine bought in the 1980s -- still works. No electric parts, gives a very good aerobic workout. I don't know why they stopped making them though, since years ago there were studies that cross-country skiing gave the best cardio workout. I've got one of those and yes it still works...
by onthecusp
Fri Jun 19, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Is it retirement time yet?
Replies: 22
Views: 2636

Re: Is it retirement time yet?

By the salary x 12 guideline, they aren't quite there yet. To get more personal, would require knowing their expenses, as well as what changed they expect to make in retirement. Where does the "salary x 12" come from? Hard to see how salary is all that relevant. What if high income couple lives on ...
by onthecusp
Thu Jun 18, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is it retirement time yet?
Replies: 22
Views: 2636

Re: Is it retirement time yet?

Welcome to Bogleheads :D The main additional thing to consider is what their expected spending in retirement might be. It may be quite different from their recent income. Even with their considerable resources it would be much less than 500k/yr in order to retire now. Other things to clear up: What ...
by onthecusp
Tue Jun 16, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: New Moving Boxes
Replies: 32
Views: 1503

Re: New Moving Boxes

The boxes labeled "dish barrels" or similar are heavy duty double wall, but you don't need that for most packing. We have moved a lot, bought from all those and direct from U-Line. We have received boxed from Craigslist and given them away (sold a few too). It's all the same to us. Use a little extr...
by onthecusp
Tue Jun 16, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which Mortgage to Choose?
Replies: 13
Views: 1166

Re: Which Mortgage to Choose?

It's hard not to like both lower interest rate and smaller mortgage.

If it has to be upgraded now are you looking at too much house for your budget? Can you cash flow the improvements?
by onthecusp
Sat Jun 13, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: heated driveway?
Replies: 91
Views: 4599

Re: heated driveway?

A google search for driveway heating cable gives lots of hits. This site seems to have lots of information and a "total package," i.e. not the cheapest, approach. https://www.warmlyyours.com/en-US/snow-melting Depending on the configuration you might be able to add heat without completely replacing ...
by onthecusp
Fri Jun 12, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: working longer for free health care? is it worth it?
Replies: 27
Views: 3776

Re: working longer for free health care? is it worth it?

Without a lot more detail on your situation I would just turn the question around. Can you retire at 60 with enough to pay for healthcare as well as other anticipated spending? To me, working 3 more years for a benefit that only lasts another two beyond that (when Medicare takes over) seems question...
by onthecusp
Wed Jun 10, 2020 2:56 pm
Forum: Investing - Theory, News & General
Topic: New to the market, I only know bull...
Replies: 40
Views: 2341

Re: New to the market, I only know bull...

You are in the right place.

Even if you choose a high stock allocation (e.g. 90/10), keeping some cash in a target allocation (bonds/cash/money market/CDs) and re-balancing to that, provides a hands on lesson in how it works and how it modifies the effect of market ups and downs on YOU.
by onthecusp
Tue Jun 09, 2020 5:23 pm
Forum: Personal Investments
Topic: Investing for a Waterfront Home
Replies: 17
Views: 1919

Re: Investing for a Waterfront Home

I had a home on a lake years ago. It was not a very nice house but it was a very nice lake. I do miss the view very much. For me the view was never the same two days in a row. Wind direction, boat traffic, big waves, small waves. I would love to get back to waterfront.
by onthecusp
Sat Jun 06, 2020 12:11 am
Forum: Personal Investments
Topic: 3 fund portfolio for retirees
Replies: 22
Views: 1799

Re: 3 fund portfolio for retirees

I suspect that the Total bond by itself cannot be adequate. Why? If you tell us what your concerns are, people here can try to help you deal with them. Because the total bond fund has a volatility of about 3.5 or so, and I think that one cannot count on it to fund the short term, day to day expense...
by onthecusp
Fri Jun 05, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly rates with a Vendor/Contract type work
Replies: 42
Views: 1596

Re: Hourly rates with a Vendor/Contract type work

In my experience most of my positions are looking at around 55-60hr max(recruiters don’t respond to me if I ask for more). This seems like a key piece of data. That is the advertised goal and recruiters need to keep their clients (not you) happy. On the other hand, you have now proven competence to...
by onthecusp
Wed Jun 03, 2020 3:06 pm
Forum: Personal Investments
Topic: Shack or McMansion?
Replies: 28
Views: 4082

Re: Shack or McMansion?

I think you are leaning in the correct direction. We did the opposite a few years ago in our mid-50s on the long tail end of the housing crisis. Got a great deal. Even so it is not really making us money. Still have a mortgage, entering mid-60s and I can't wait to downsize. Big well built house stil...
by onthecusp
Tue May 26, 2020 5:58 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 44
Views: 4600

Re: Question about Edward Jones disapproval

I've had exactly one successful "advisor intervention" not EJ, with a co-worker about to retire. He is not usually too receptive, but he was already leery of the sales pitch and I caught him at the right time. Most people don't even want to talk about it. I let em be.
by onthecusp
Mon May 25, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Want to retire, help please.
Replies: 10
Views: 1990

Re: Want to retire, help please.

I could not quite tell if your wife's pension offsets when her social security starts. In either case, from a broad brush it looks comfortable. Congrats! :D A question in my mind is the tax situation; how are the pensions taxed. You probably also want to be more precise with yourself regarding plann...
by onthecusp
Mon May 25, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12610

Re: Approaching 40, worried about financial future

You should get that house sold as soon as possible. There is always a right price in every market. While I don't believe that it is good to under-price a house only to brag how it sold in a day, the right price is usually lower than you think. Since you have some interest in the past two weeks, but...
by onthecusp
Sun May 24, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12610

Re: Approaching 40, worried about financial future

You should get that house sold as soon as possible. There is always a right price in every market. While I don't believe that it is good to under-price a house only to brag how it sold in a day, the right price is usually lower than you think. Since you have some interest in the past two weeks, but ...
by onthecusp
Sat May 16, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6520

Re: Alternatives to Craftsman Tools

Completely serious question; what makes Snap On tools worth the premium? I do a reasonable amount of small engine work with Home Depot tools and have never had an issue but perhaps I don’t know what I’m missing with a more high end brand? Just two data points from me. I have a bunch of older Crafts...
by onthecusp
Wed Apr 29, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Re: Paying off the mortgage - deflation

One reason often given for not paying off a mortgage earlier is the advantage of paying later with inflated dollars. Clearly it is not that simple. Relative rates of inflation and mortgage interest, changing rates of inflation over time and the ability to invest the money all play into actual resul...
by onthecusp
Wed Apr 29, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Re: Paying off the mortgage - deflation

In my experience, quantitative easing has been deflationary for everything except real assets, such as gold, stocks and real estate. Why wouldn't you over leverage to buy the biggest house you can with a short term adjustable mortgage. Every 6-12 months you refinance to a lower rate and lower your ...
by onthecusp
Tue Apr 28, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Re: Paying off the mortgage - deflation

In my experience, quantitative easing has been deflationary for everything except real assets, such as gold, stocks and real estate. Why wouldn't you over leverage to buy the biggest house you can with a short term adjustable mortgage. Every 6-12 months you refinance to a lower rate and lower your ...
by onthecusp
Tue Apr 28, 2020 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Re: Paying off the mortgage - deflation

Thanks for all the replies. They all fill the gaps in their own way. I had suspended my large additional monthly payment for one month when the crisis hit. All in the name of liquidity, but I already have a year's worth of liquidity, I still have a job so I went back to paying double on the principl...
by onthecusp
Tue Apr 28, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Re: Paying off the mortgage - deflation

I don't find broad measures of inflation like the CPI to be all that relevant to my life. My spending is unlike yours. Look at the trends in what you're likely to need to buy with your money. If it's education and healthcare, or things that are not significantly impacted by automation and globaliza...
by onthecusp
Tue Apr 28, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage - deflation
Replies: 22
Views: 2124

Paying off the mortgage - deflation

One reason often given for not paying off a mortgage earlier is the advantage of paying later with inflated dollars. Clearly it is not that simple. Relative rates of inflation and mortgage interest, changing rates of inflation over time and the ability to invest the money all play into actual result...
by onthecusp
Tue Apr 28, 2020 8:29 pm
Forum: Personal Consumer Issues
Topic: Chromebook with tablet mode and stylus recommendations
Replies: 13
Views: 836

Re: Chromebook with tablet mode and stylus recommendations

My wife did quite a bit of research and came up with the Acer Chromebook Spin 13. She loves it and the only complaint is that it is a little heavier than she would like. It was $300 in early January on Amazon. In tablet mode the keyboard folds under and is disabled. In use the stylus has the same ba...
by onthecusp
Sat Apr 04, 2020 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance clarification
Replies: 11
Views: 807

Re: Life Insurance clarification

I got rid of mine 4 years ago. Happy I did. Taxes simplified, the "investment" aspect was a joke once I really looked at it. It is not worth any more of your time. I see you already asked about what your current payout is so that is 3/4 of the work. Now just do it.
by onthecusp
Thu Apr 02, 2020 9:43 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 222
Views: 25114

Re: Roll Call for the Retirement Class of 2020!

So I'm afraid that COVID-19 has put my plan to leave the corporate life this week on hold. The reason is a combination of uncertainty over health insurance in a time of potential great need and similar uncertainty about part time opportunities that are an important part of the plan. The market fall ...
by onthecusp
Wed Apr 01, 2020 4:28 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 222
Views: 25114

Re: Roll Call for the Retirement Class of 2020!

smitcat wrote:
Wed Apr 01, 2020 8:27 am
OK - We are out.
Congratulations!
by onthecusp
Wed Apr 01, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: Google market charts internally inconsistent?
Replies: 11
Views: 595

Re: Google market charts internally inconsistent?

Why would you expect them to start with the value at the end of the first day of the year? Starting with the previous year close seems like the correct choice to me. Sure, that makes sense -- I only looked at the value I did because it was the first value available on the YTD chart, which I'd expec...
by onthecusp
Tue Mar 24, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: Google market charts internally inconsistent?
Replies: 11
Views: 595

Re: Google market charts internally inconsistent?

Why would you expect them to start with the value at the end of the first day of the year? Starting with the previous year close seems like the correct choice to me.