Search found 1764 matches

by smitcat
Tue Sep 25, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Flu shot reaction? Getting flu shot this year?
Replies: 69
Views: 1942

Re: Flu shot reaction? Getting flu shot this year?

We all get the flue shot - no one has had a reaction in 10+ years.
by smitcat
Tue Sep 25, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 32
Views: 2678

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Congratulations - sounds like the TSB was correct and there are a number of these engines that are self destructing. Please consider asking them why your replacement engine will be different than the old one. Assuming the issue was described in TSB 17-2077 (or earlier 17-0007), the issue affects so...
by smitcat
Tue Sep 25, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

There is another aspect to this we don't discuss much. Hundreds of thousands of people over many years have poured their lifeblood into work that has gotten society to where it is today. Our technology, our science, our longevity, eradication of much of the world's extreme poverty, and so on--much ...
by smitcat
Tue Sep 25, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 32
Views: 2678

Re: Ford F-150 Technical Service Bulletin, legal ramifications

A follow up: Took it to the dealer this week for annual inspection, oil change, etc. I told them it was burning oil and idling rough, and asked if they could take a look at that. They mentioned they might need to do a 1000 mile oil consumption test for that. They called up later that day, and told ...
by smitcat
Tue Sep 25, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

bgf, How does anyone of us know that? In fact, we don't know how long we will live or how long we will be healthy enough to do some stuff. So, the downside in term of living our lives is unknown and unknowable. My oldest brother retired and passed a full physical exam. Then, he fainted in the bathr...
by smitcat
Mon Sep 24, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

If I already had 2 M at 40, I would certainly gamble for the bigger payout in a few years. If it went IPO you could be fabulously wealthy a few years later. That is worth it imho since you already have 2M safe and secure. i agree. many of the above posters are being overly conservative to the point...
by smitcat
Mon Sep 24, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

Not sure how this became a thread about 3mil vs 7mil ... obviously 7 million buys you a lifestyle in a different league ... not sure how folks are arguing this. Goal33, << obviously 7 million buys you a lifestyle in a different league >> That statement is not necessarily true. My uncle is a multimi...
by smitcat
Mon Sep 24, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

When a person reaches a certain level of wealth, time is more precious than any material things. You cannot buy time. Agree completely. And even here Jack Bogle has provided guidance, although we rarely talk about this. Continuing to work, dedicated to something larger than oneself, may be the perf...
by smitcat
Mon Sep 24, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

Johnny shouldn't have changed his asset allocation. What's missing is that if Johnny hangs in there, not only does he get 2% instead of 1% and it might be worth more, he gets paid for those years also... Of course there is another possibility here - -Johnny passes on the 1% and then the company goe...
by smitcat
Mon Sep 24, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 68
Views: 8138

Re: Savings rate: gross or net?

I too belong to the camp of figure out what you need, by when you will need it and save accordingly. What difference does it make how much you earn and what percentage of that you devote to saving if it does not get you what you need when you need to be there? It is like the rule of thumb is writte...
by smitcat
Mon Sep 24, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4256

Re: Investing in the Rare Opportunity

KlangFool wrote:
Mon Sep 24, 2018 8:39 am
gotester2000 wrote:
Sun Sep 23, 2018 10:12 pm
If you are Johnny, take the 1 million today. Bird in hand is worth two in the bush.
Corporate promises - hohoho 😄.
+1.

KlangFool
Yes +2 …. I would take the 1 million today.
Question - have any folks here have actually been in this situation?
by smitcat
Sun Sep 23, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Career Question - Upper Mgmt Position
Replies: 5
Views: 1070

Re: Career Question - Upper Mgmt Position

Thanks for the replies. My OP was more about getting the ideas out there and didn't go into detail of the personal nuances. My current boss holds the position. He shares his opinions and I see his challenges. It's largely due to personality and his lack of a relationship at the top. There's a posit...
by smitcat
Sun Sep 23, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Time periods for personal investment
Replies: 25
Views: 1647

Re: Time periods for personal investment

OP, My answer is probably totally useless to you. 1) I save 1 year of annual expense every year. 2) I keep 1 year of the emergency fund. 3) I believe in the efficient frontier of 70/30 to 30/70. So, essentially after 1 year of the emergency fund aka 1 year of working, I can start investing with an ...
by smitcat
Sun Sep 23, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 80
Views: 8072

Re: Minimalist Lifestyle

I feel like as an average materialistic American, I have accumulated a lot of stuff over the years and am now trying to declutter and keep only the essentials. I read a story about a couple that sold everything except a few suitcases and lived for extended periods around the world. It sounded frigh...
by smitcat
Sun Sep 23, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track for retirement? Also: Simplify? Optimize?
Replies: 7
Views: 1355

Re: Am I on track for retirement? Also: Simplify? Optimize?

15X plus SS seems quite low to me even for a “normal” retirement age like 65. At 55 I’d be concerned about running out of money. Assuming WR of 3%, you’re looking at 33X. I follow your posts and have ,earned from them , tnank you. I am curious if his 15X gross income is relevant since the OP also s...
by smitcat
Fri Sep 21, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1556

Re: Social Security Claiming Strategy review

How do all these 'maximize SS ' posts take into consideration the affects outside of SS such as potential Roth conversions, other pensions, RMD's , potential single spouse etc? They all handle "single spouse", most handle "other pensions". I don't know of any that take RMDs or potential Roth conver...
by smitcat
Fri Sep 21, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1556

Re: Social Security Claiming Strategy review

How do all these 'maximize SS ' posts take into consideration the affects outside of SS such as potential Roth conversions, other pensions, RMD's , potential single spouse etc? I have found that if you want to maximize your incomes over extended time periods when retired it is imperative that you c...
by smitcat
Fri Sep 21, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

What are your priorities? Is it for your wife to be able to find a job with a shorter commute, even if it means less money? It is to be able to afford a child in 4 years? Why 4 years? How will you afford child care with a reduced income? Is it for you to be able to retire/take a pay cut at 55? Is t...
by smitcat
Fri Sep 21, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

Do you have two relatively expensive cars or only one? Who is putting on the large commute and mileage each week and on which car? If you can save a bunch weekly it will go a long ways to making cuts to the home expenses. Just the one. Other car is a paid for 2012 Honda Fit w/75k miles that is the ...
by smitcat
Fri Sep 21, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

Do you have two relatively expensive cars or only one? Who is putting on the large commute and mileage each week and on which car? If you can save a bunch weekly it will go a long ways to making cuts to the home expenses. Just the one. Other car is a paid for 2012 Honda Fit w/75k miles that is the ...
by smitcat
Fri Sep 21, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

What are your priorities? Is it for your wife to be able to find a job with a shorter commute, even if it means less money? It is to be able to afford a child in 4 years? Why 4 years? How will you afford child care with a reduced income? Is it for you to be able to retire/take a pay cut at 55? Is t...
by smitcat
Fri Sep 21, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

Do you have two relatively expensive cars or only one?
Who is putting on the large commute and mileage each week and on which car?

If you can save a bunch weekly it will go a long ways to making cuts to the home expenses.
by smitcat
Fri Sep 21, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

We took it a 62 and now in late sixties. I know we've used a couple of hundred thousand of SS money while ours continued to grow. A bird in the hand kind of thing. I have zero regrets!! That maybe the best solution in your case. Have you figured out a few of these ahead of time? - what Roth convers...
by smitcat
Fri Sep 21, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

Smitcat and 2015 thanks for your positive response to my reasons for delaying SS. It is comforting to read that other BHs are thinking along the same lines. I don't think others who are taking SS early are wrong. I just wanted to list my personal priorities. SGM - We used the IORP long form as well...
by smitcat
Fri Sep 21, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1556

Re: Social Security Claiming Strategy review

How do all these 'maximize SS ' posts take into consideration the affects outside of SS such as potential Roth conversions, other pensions, RMD's , potential single spouse etc? I have found that if you want to maximize your incomes over extended time periods when retired it is imperative that you co...
by smitcat
Fri Sep 21, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11160

Re: Did you really have something to retire to?

I retired to a life with less stress. I am worried to a life with more stress if there is no specific plans. FWIW - we make the plans before retirement so there will be no difference when we are fully retired. Those plans include doing more of what we currently do - not hard to imagine at all.
by smitcat
Thu Sep 20, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

Are you 41/37 now, or will you be in 4 years? I am asking because of fertility issues. You could have paid $30,000 for a car and gotten a reliable sedan, or bought a used Jeep. Best to not kid yourself about the Jeep. It was an indulgence that is interfering with your larger goals. in 4 yrs, and ye...
by smitcat
Thu Sep 20, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3510

Re: Bathroom and Basement Remodel Costs

Seems a bit high expenditure on the basement for such a relatively short occupancy time. 73k to remod a basement vs from scratch is a lot, though a lot can get done for that much, indeed. But, if funding is not a priority, why not enjoy. Generally, kitchen remods reap the most resale benefit, then ...
by smitcat
Thu Sep 20, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1466

Re: Rate our 5 yr plan and beyond

"The other part of the plan is to prepare us financially for the possibility of having or adopting a kid at the 4-5 yr mark. For financial reasons, I'd be perfectly happy not having a kid." FWIW - I cannot get past this line. If you folks are planning and want to know the most important thought rega...
by smitcat
Thu Sep 20, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

- what all of this will mean for a surviving spouse All good points to ponder and I would add - what having done tIRA to Roth conversions would have meant for beneficiaries vs. tax consequences of passing IRA's to children Yes - of course I missed that. Its believe its always going to be 'better' u...
by smitcat
Thu Sep 20, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3510

Re: Bathroom and Basement Remodel Costs

Remodeling a bathroom and basement and thought I'd ask the CF gurus. Got two quotes back. Both are within a few hundred or a few thousand of each other. My wife was way closer to guessing the quotes than my cheap ass was at it. House built in 2004 Bathroom Full gut, roughly 12X14. Relocate shower o...
by smitcat
Thu Sep 20, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3510

Re: Bathroom and Basement Remodel Costs

Bathroom Full gut, roughly 12X14. $2,000 Relocate shower other side of room $1,000 Tub, sinks, toilet largely in same spot Install 7 new LED can lights, 4 sconces, one small pendant light $1,000 Built 4X4 water closet $2,000 Install 2 fans, one main bath and one water closet $1,000 Drywall, paint $...
by smitcat
Thu Sep 20, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

We took it a 62 and now in late sixties. I know we've used a couple of hundred thousand of SS money while ours continued to grow. A bird in the hand kind of thing. I have zero regrets!! That maybe the best solution in your case. Have you figured out a few of these ahead of time? - what Roth convers...
by smitcat
Wed Sep 19, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 496
Views: 73336

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

So today we had another visit to Honda service. A warning appeared on my dash display that there was an "automatic high beam malfunction" in the middle of a sunny day when the headlights were not in use. They said they did a "software update" to hopefully address the problem. I wonder where the sof...
by smitcat
Wed Sep 19, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

I just received my first SS deposit at age 70. I filed and suspended so that DW could take a spousal benefit at her FRA. Her own benefit will grow until she takes it at 70. We had several reasons to delay: 1. Family history of extreme longevity. Good health. 2. We could afford to delay. 3. We did c...
by smitcat
Wed Sep 19, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3907

Re: “Majority of working-age Americans have no retirement savings”

The saving grace for many of these people is that they still have some sort of pension. But for many, perhaps most, they will have little choice but to keep working until they are physically incapable of doing so. At that point, they'll have to make do with Social Security benefits, which are low s...
by smitcat
Wed Sep 19, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3907

Re: “Majority of working-age Americans have no retirement savings”

The saving grace for many of these people is that they still have some sort of pension. But for many, perhaps most, they will have little choice but to keep working until they are physically incapable of doing so. At that point, they'll have to make do with Social Security benefits, which are low s...
by smitcat
Tue Sep 18, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 97
Views: 6993

Re: Leasing Cars in Retirement

I recently bought a boat by "triggering a taxable event." In my case I had funds specifically earmarked for a purchase such as this (car, truck, boat, etc.) So I'd have to ask you - if you're not willing to spend the money on a car, then what else are you using that money for? Put it this way - lea...
by smitcat
Tue Sep 18, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 496
Views: 73336

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Just got this email from the dealer where I bought the CRV and just took it in for the oil dilution issue. Coincidence or cause- and - effect? Vehicle is less than 14 months old and I don't ever recall an offer to trade one that soon. Maybe all the oil-dilution owners are viewed as ripe fruit. base...
by smitcat
Tue Sep 18, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7413

Re: Argument for taking social security before 70. Comments?

We're less interested in squeezing every dollar out of the SSA, and more interested in using the longevity insurance feature of the program. Thus it makes sense for me as the much higher earner to delay my benefit as long as I am in average or better health, and for my spouse to take hers somewhere...
by smitcat
Mon Sep 17, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5397

Re: Employer won't Match 401k. Why?

I appreciate your posting. I have wondered if going the Safe Harbour 3 percent route was the best way to go for the employees. Maybe it is. At least 3 percent of their salary is something saved and everyone participates. Most of my employees seem to be interested in the salary vs the 401K No- not e...
by smitcat
Mon Sep 17, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5397

Re: Employer won't Match 401k. Why?

A 401K can legally have up to $55.5K put into it per year. That's $18.5K pretax from the employee, up to 100% pretax match from employer, and additional 18.5K post tax from employee "if your plan allows." First, please correct me if I got any part of that wrong. Second, who decides and how is it de...
by smitcat
Mon Sep 17, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

I am not sure how you arrived at a SS benifit of $43,524/yr @ 70 but perhaps check the source to make sure your calcs are correct. Seems doable for a relatively high lifetime earner. $43,524/yr @ 70 requires an age 66 FRA PIA of about $2,748 (2747.73 * 1.32 * 12 = 43524.04). Current maximum PIA per...
by smitcat
Mon Sep 17, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

"A COLA-protected and largely tax-free $43,524 per year at least means I won't be poor if I live into my 90s and zero out everything but home equity" I am not sure how you arrived at a SS benifit of $43,524/yr @ 70 but perhaps check the source to make sure your calcs are correct. SSA publication no...
by smitcat
Mon Sep 17, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5397

Re: Employer won't Match 401k. Why?

As a former small business owner that was involved in recruiting I can tell you that we did no get much bang for our buck for our generous 401k match. The large majority of candidates compared us to our competition on starting salary. That was what they chose to care about. So we went the safe harb...
by smitcat
Mon Sep 17, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5397

Re: Employer won't Match 401k. Why?

As a former small business owner that was involved in recruiting I can tell you that we did no get much bang for our buck for our generous 401k match. The large majority of candidates compared us to our competition on starting salary. That was what they chose to care about. So we went the safe harb...
by smitcat
Mon Sep 17, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

I'm career high income. I view Social Security as very good COLA-protected insurance against outliving my retirement portfolio. If you have been "career high income" what's the real chances of outliving your retirement portfolio? Income and wealth are two different things. I've been divorced twice....
by smitcat
Mon Sep 17, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

"It's not politically possible to cut benefits. Sometime in the next decade, taxes are going up." This is not the first time it has happened - perhaps research how it was 'corrected' the past time. They boosted the FRA for people too young to be much of a voting block. In 1983 the last time the law...
by smitcat
Mon Sep 17, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8969

Re: Delaying Social Security Until 70

I've got a long way to go but I've already decided im taking it at 62, and I have a pension and max the 401k and roth...it's not enough to factor whether or not you'll live to 70. You could live til 70 and die after a year or two, it still would not have been worth it to wait. Factor the odds of li...