Search found 83 matches

by Ependytis
Sat Aug 08, 2020 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Starting divorce process - how to succeed financially?
Replies: 79
Views: 10088

Re: Starting divorce process - how to succeed financially?

My condolences on your pending divorce. I commend you for leaving some on the table to expedite the divorce. When these matters drag on only the lawyers win. You’re in an enviable position. Most people would have to work a high-paying job and save diligently for 25 years to have the assets you’re ta...
by Ependytis
Tue Aug 04, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12737

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Dr. Pfau asserts that replacing a portion of your bond funds with insurance products maximizes either your retirement living expenses and or your legacy. This assertion is based on a model that penalizes bond funds with a 1% assets under management fee as well as a 0.85% fun expense ratio. Because o...
by Ependytis
Fri Jul 31, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 553
Views: 82931

Re: Losing a job in your 50's...

I recently got a package at 56. I am now in a position to choose to work or not. Surprisingly, I’ve gotten a number of different offers. Now it’s my choice to continue to work or not. I count my blessings every day that I lived way below my means and I’ve had a paid off house for the last five years...
by Ependytis
Thu Jul 30, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5622

Re: Can we afford a second home?

People sometimes seem to infer creating great family memories with need to spend a large amount amount of capital for example on a boat, a timeshare, or a second home. I just want to point out there’s a lot of different ways to create great memories with your family and spend next to nothing. Some e...
by Ependytis
Wed Jul 29, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5622

Re: Can we afford a second home?

You’re asking for opinions so I’ll give you mine. I never understood why people buy second homes. Even if you could afford it, which may be questionable in your case, the amount of time and effort it takes to have a second home seems like it wouldn’t be worth it. In your case, a second home is a lar...
by Ependytis
Wed Jul 22, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take the job?
Replies: 13
Views: 1563

Re: Would you take the job?

She doesn’t want to retire. Her significant other will not retire for another two years.
by Ependytis
Wed Jul 22, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take the job?
Replies: 13
Views: 1563

Would you take the job?

I want to get the insights of the bogleheads. A friend has asked me for counsel. She is in a place where she can retire now on ~2% of her savings. She recently got an offer from a company. The pay is a 10% increase in her past salary where she used to work. She has decided to keep the house. The mov...
by Ependytis
Sun Jul 12, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?
Replies: 195
Views: 16070

Re: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?

I personally would not limit the market that I could sell to (55+) for a capital investment like a home. A home might make up 10 to 20% of my net worth. The only upside I can see is, since the market is limited, the purchase price might be lower. As you said, the baby boom cohort is larger then the ...
by Ependytis
Fri Jul 10, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Contract staffing companies
Replies: 4
Views: 485

Re: Contract staffing companies

Adamthesmythe, thanks for the feedback. Good suggestion to focus on smaller companies.
by Ependytis
Fri Jul 10, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Contract staffing companies
Replies: 4
Views: 485

Re: Contract staffing companies

The type of work is for pharmaceutical and medical devices.
by Ependytis
Fri Jul 10, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Post Divorce Business Sale Sharing, Reality Check
Replies: 33
Views: 4048

Re: Post Divorce Business Sale Sharing, Reality Check

Divorce is a business. Once you’ve settled it’s over. I think it’s fine overtime if you want to be generous to create goodwill. However handing over a lump sum might create problems as another poster mentioned. A lump sum gift will only have a temporary affect versus providing money overtime.
by Ependytis
Fri Jul 10, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Contract staffing companies
Replies: 4
Views: 485

Contract staffing companies

I am close to retirement so I was looking to work for a Contract staffing companies or contract eMployee under an LLC ( Limited liability corporation ). I interviewed for a position and got an offer. In reviewing the contract that the staffing company provided, I was a concerned that they wanted me ...
by Ependytis
Sun Jul 05, 2020 2:46 pm
Forum: Personal Consumer Issues
Topic: Boglehead Way to buy an Audi
Replies: 91
Views: 5788

Re: Boglehead Way to buy an Audi

Just my two cents. The significant other has an Audi A5. It’s got beautiful styling, great power, and it corners extremely well in the mountains. However, we were disappointed by some of the features the car doesn’t have. For example, it doesn’t have handles on the driver and passenger side to get o...
by Ependytis
Sat Jul 04, 2020 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3427

Re: Where should my nephew go to college?

Factualfran, great information about the exchange program. I’ll let my brother know about it.
by Ependytis
Fri Jul 03, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you invest and what are you investing for?
Replies: 22
Views: 1616

Re: Why do you invest and what are you investing for?

I invest for one reason only and that reason is freedom. When you don’t need to work for a living you have freedom to choose what you wanna do.
by Ependytis
Fri Jul 03, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16653

Re: What is the best financial decision you ever made?

The best financial decision I ever made is difficult to answer. There are so many variables. For example I’m fortunate that I have a natural abilities in engineering /sciences to make decent money, living below my means, investing in low cost funds, and not getting taken to the cleaners in a divorce...
by Ependytis
Thu Jul 02, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 148537

Re: Pull-ups and Push-ups

Herschel Walker, the greatest college running back in history, only did bodyweight exercises. His family couldn’t afford weights so he worked with what he had. I have only done body weight exercises for years. I can do 15 pull-ups 10 arm push-ups with my hand behind my back. Body weight exercises ha...
by Ependytis
Wed Jul 01, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: Device for men's haircuts
Replies: 50
Views: 4585

Re: Device for men's haircuts

I use a Wahl trimmer. I’ve been doing it for about 15 years now. With the trimmer, I do it every 15 days. I also shave my beard and hairline on my neck so that it looks better. Hair grows about six inches per year, a half inch per month, or a quarter inch every two weeks. After I’m done it looks gre...
by Ependytis
Mon Jun 29, 2020 7:01 pm
Forum: Personal Consumer Issues
Topic: I'm Buying a Boat...
Replies: 101
Views: 6407

Re: I'm Buying a Boat...

My dear friend always says do the math. So this is how I figured $100 per hour to own a boat. Your results may vary. My initial estimate was pretty close. Cost per day for the boat License- $200 Depreciation- $2400 -10% per year Insurance- $300 Gas- $2240 -average owner uses it 14 days*10 gallons/ h...
by Ependytis
Mon Jun 29, 2020 4:16 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 50
Views: 6813

Re: Buying a Boat

My dear friend always says do the math. So this is how I figured $100 per hour to own a boat. Your results may vary. My initial estimate was pretty close. Cost per day for the boat License- $200 Depreciation- $2400 -10% per year Insurance- $300 Gas- $2240 -average owner uses it 14 days*10 gallons/ h...
by Ependytis
Mon Jun 29, 2020 2:33 pm
Forum: Personal Consumer Issues
Topic: I'm Buying a Boat...
Replies: 101
Views: 6407

Re: I'm Buying a Boat...

I would strongly recommend the habit of paying everything with cash. I think delayed gratification for nonessentials prevents you from buying things on impulse. I know the OP is set on purchasing a boat so take that advice for what it is. The other thing, regarding the sensitivity of bogleheads to b...
by Ependytis
Sun Jun 28, 2020 1:34 pm
Forum: Personal Investments
Topic: Ready for (forced) early retirement?
Replies: 40
Views: 4824

Re: Ready for (forced) early retirement?

Great job with the savings. I am really impressed. If you feel comfortable, I think it would help the community to learn how you accumulated so much wealth. With that said, I think you’re fine. With less than a 3% withdrawal rate I’d say you’re good to go. On a different note, for me, I was recently...
by Ependytis
Sat Jun 27, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3427

Re: Where should my nephew go to college?

My brother and his son reside in the state of Nevada. This really limits the number of schools in state he can go to.
by Ependytis
Sat Jun 27, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3427

Re: Where should my nephew go to college?

Wow, so many great replies. I don’t know where to start. This is why I like getting the wisdom of the bogleheads. There’s just so much talent in this group that you can really get a 360° view of almost any situation. Thanks for everyones’ input. I really like the idea of looking at the total cost in...
by Ependytis
Sat Jun 27, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3427

Where should my nephew go to college?

Where should my nephew go to college? I have been asked my opinion about where to send my nephew to college. My brother is middle class and my nephew has good grades and SAT scores. In providing advice, I want to provide references for what I suggest. Based on the studies that I’ve seen, see quote a...
by Ependytis
Sat Jun 27, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13388

Re: Parents in a tough situation for retirement

Just because your parents chose to go into the fires of hell doesn’t mean you need to follow them. With that in mind, If it were me, I would do four things. 1) For the past, I would disentangle myself from their house and, as others have said, sell it to your brother for a good price. 2) Emotionally...
by Ependytis
Sat Jun 27, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 16312

Re: Which College degrees are worthwhile?

I think any degrees that leads to a job would be worthwhile. For example engineering, accounting, finance, physical therapy, nursing, marketing, etc. would be worthwhile. I would recommend going to a community colleges first then transferring to a state school. This will minimize the cost while maxi...
by Ependytis
Fri Jun 26, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 77
Views: 9505

Re: Getting your spouse on the same page

As others have said you can’t change someone else. If you look at weight loss only 5% of the people can maintain it after three years. Finances are the same way. II have stopped talking to people about finances and just refer them to bogleheads. Not once someone came back and asked me any questions ...
by Ependytis
Fri Jun 26, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Going Thru Divorce
Replies: 41
Views: 6645

Re: Going Thru Divorce

I am sorry to hear that you have to go through this. I couldn’t agree more with what one poster recommended in terms of doing what’s best for the child. If you do this it’ll avoid a lot of conflict. Also if there stills lot of conflict, try to communicate by email. Make sure to have someone else rea...
by Ependytis
Thu Jun 25, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11628

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

By far the sIngle best piece of exercise equipment I bought for my home was TRX suspension straps. Basically you use your body weight to exercise. The advantages are endless. For example, I continued to work out despite the epidemic at home. You can exercise all major body parts. You can basically w...
by Ependytis
Wed Jun 24, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: Restaurants recommendations
Replies: 73
Views: 5111

Re: Restaurants recommendations

As far as chains in Southern California we like Chili’s. Their service is excellent for example they always greet you, repeat your order to you so you don’t make a mistake, ask how your meal is, if you don’t like some thing they replace it immediately, and when you leave they refill your drinks so y...
by Ependytis
Wed Jun 24, 2020 2:56 pm
Forum: Personal Consumer Issues
Topic: Do you use TRIZ? [Problem solving tool for engineers]
Replies: 9
Views: 844

Re: Do you use TRIZ? [Problem solving tool for engineers]

TRIZ is a method that looks at trends in how problems were solved in patents overtime to determine how to solve your problem. The challenge is defining your problem so you can use TRIZ. It seems like a very interesting technique however after repeatedly seeing that it would take 10 years to learn I ...
by Ependytis
Wed Jun 24, 2020 10:36 am
Forum: Personal Consumer Issues
Topic: Premium sunglasses -any data to support purchasing
Replies: 4
Views: 428

Premium sunglasses -any data to support purchasing

I was shocked when my nephew got a pair of sunglasses online and they came with a carrying case, cleaning cloth, crockies, a cloth bag to carry the sunglasses, 100% UVA and UVB protection, polarization, and they only cost $30. I tested them by holding them 90°against my sunglasses to make sure they ...
by Ependytis
Tue Jun 23, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: How do restaurants add value?
Replies: 8
Views: 1026

How do restaurants add value?

How do restaurants add value? With all the modern technology it seems like there’s less and less reasons to go out to a restaurant. For example, with the Insta pot I can prepare a lot of dishes in very little time. With an electronic oven thermometer, I can cook anything to perfection. I can’t tell ...
by Ependytis
Mon Jun 22, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Cost of a PMP and is it worth it?
Replies: 38
Views: 3647

Re: Cost of a PMP and is it worth it?

I took my PMP years ago and passed it. The reason why most people do not pass even after taking the class is they don’t take the exam. I’m surprised how many companies require a PMP. It’s almost like a checkmark you either have it or you don’t. As others have said, if you can get your company to pay...
by Ependytis
Sun Jun 21, 2020 11:08 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 299
Views: 19292

Re: So what are you cooking

When I was traveling in Europe on business, I went to a manufacturing site. At the site in the morning, they asked me what I wanted for lunch and gave me a long list of items. I picked one item and was pleasantly surprised at lunch when they served it to me hot. When I asked how it was prepared, the...
by Ependytis
Sun Jun 21, 2020 10:32 am
Forum: Personal Investments
Topic: When is it enough/too much?
Replies: 66
Views: 9163

Re: When is it enough/too much?

I would not aim so much for a dollar amount. Instead I would look at my spending and then look at all the luxuries I’d want to have and how much they would cost on an annual basis. For example, if you want to take a really nice vacation every year and it costs $10,000 then I would add that to my bas...
by Ependytis
Sat Jun 20, 2020 6:09 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 107
Views: 6483

Re: What kind of sunglasses?

There are plenty of sunglasses for $30 or less that provide both 100% UVA and UVB protection as well as being polarized. I could not justify paying more than that given for me there’s no discernible difference in glasses that cost a lot more and I typically scratch them or lose them before I would g...
by Ependytis
Sat Jun 20, 2020 8:29 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 27660

Re: Please share some lifestyle creep you regret.

We used to have a bad habit of going out to dinner all the time. Although we love to cook, we were too lazy to cook. When we were going out, we were frequently disappointed especially by the higher end restaurants. They seem to charge four times what it cost to make it home, they didn’t make things ...
by Ependytis
Sun Jun 14, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11583

Re: Prenup? What Should It Say?

Note, with a prenup you do not need to pay alimony however you will still pay child support regardless.
by Ependytis
Sun Jun 14, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11583

Re: Prenup? What Should It Say?

I commend you on having a prenup. As another poster mentioned, you could either go with the government contract or your own. There is not a more one sided contract than a marital license that favors the person that makes less. Make sure the pre-nup has a clause that if it is challenged and they lose...
by Ependytis
Sun Jun 14, 2020 10:03 am
Forum: Personal Investments
Topic: How much has Bogleheads saved you?
Replies: 38
Views: 3203

Re: How much has Bogleheads saved you?

I forgot to add, I want to sincerely thank the bogleheads for their collective wisdom. It has really meant a lot to me and definitely has made a positive impact on my life.
by Ependytis
Fri Jun 12, 2020 9:23 pm
Forum: Personal Investments
Topic: How much has Bogleheads saved you?
Replies: 38
Views: 3203

How much has Bogleheads saved you?

How much has Bogleheads saved you? I will go first- see below for annual savings. This will basically pay for my HDHP in retirement. $2,131 -in reduced fund fees $980 -reduced taxes on returns from Mega Backdoor Roth $600 -interest on Ally savings and checking account $162 -additional credit card re...
by Ependytis
Mon Jun 08, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: Does Buying an RV make sense?
Replies: 97
Views: 6428

Re: Does Buying an RV make sense?

Thanks for the input. I am looking at an RV rental/ownership primarily from the cost perspective and from what I am understand from above it doesn't make sense financially- it is more of a lifestyle choice. I know myself well enough to know that I am not into maintaining things especially on vacatio...
by Ependytis
Mon Jun 08, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: Does Buying an RV make sense?
Replies: 97
Views: 6428

Does Buying an RV make sense?

My SO and I have always dreamed of hitting the open road in an RV. The thinking was that it would be cheaper than going to a hotel. She insists on having an RV with a bathroom. When I looked at the numbers of renting an RV ($273/day) see below versus staying in a hotel ($140/night average in the US)...
by Ependytis
Sun Jun 07, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10626

Re: Girlfriend paying rent

I think her paying $750 per month in shared costs is reasonable given she’s not paying rent somewhere else. It doesn’t seem right to me that one party would get a windfall from the arrangement either her not paying shared cost (her windfall) or her having to pay half the total housing costs or $2000...
by Ependytis
Thu Jun 04, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: The payoff for prestigious degree is smaller than you think
Replies: 14
Views: 1414

The payoff for prestigious degree is smaller than you think

To all the parents thinking of going into debt and sending their kids to a prestigious school, the payoff for a prestigious degree is smaller than you think. This is what an article from “The Hill” indicated- see address below. I’m not surprised. I read another article sometime ago that indicated th...
by Ependytis
Tue Jun 02, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Mother-in-law live rent free in my rental unit
Replies: 21
Views: 2470

Re: Questions about Mother-in-law live rent free in my rental

I would definitely help your mother-in-law with navigating the public services that she can qualify for. Your situation brought up of memory of mine when I was a kid. We had a relative, due to their poor financial choices, really feel the sting of their situation in retirement In terms of having to ...
by Ependytis
Tue Jun 02, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 41317

Re: How much is your cell phone bill?

My cell phone bill through Republic Wireless is approximately $16 per month. This plan is for 1 GB of data and unlimited calls and texts paid a year in advance. One thing interesting to note, when I started using a GPS, because my phone didn’t work when I was out of state, my ongoing data usage went...
by Ependytis
Sat May 23, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 376
Views: 32804

Re: The axe falls and I am prepared. What's next?

Klngfool, sorry to hear about your loss. I appreciate all the insights you provided over the years. I’m in your same situation and could comfortably live off 2% of my projected investments when my severance runs out however I have decided to continue to look for at least six months. Although I was p...