Search found 3547 matches

by smitcat
Wed Jul 17, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 111
Views: 6671

Re: Why I don't think I should get long term care insurance right now

We just started looking at LTC insurance. The hard part is trying to figure out how much you need without becoming "insurance poor". The rates (2 different companies) have range from about $300 a month for both of us with a 3% inflation ryder, comes out to be about $100 a day coverage for 3 years. ...
by smitcat
Wed Jul 17, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 117
Views: 10539

Re: House not appraising for amount we were offered!

Yes, but how do they make that 'adjustment'?... By adjusting for changes in the market. For example, everything else being the same, if a comparable property sold for $100x and the appraiser determines that the market for such properties has gone up by 5% since then, the appraiser will adjust the o...
by smitcat
Wed Jul 17, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

Smitcat - I have some questions of my own. - Are you a Honda dealer, work for Honda, or have a financial interest in Honda? No , never worked for any auto dealer or maufacturer. - Have you read the 16 pages of complaints filed with NHTSA (303) from owners who have experienced symptoms of oil diluti...
by smitcat
Wed Jul 17, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 117
Views: 10539

Re: House not appraising for amount we were offered!

We put our house on the market on a Friday morning and by 8pm that night, we had an offer for 257k. Our asking price was 254.9k, so the offer was obviously a huge offer. Fast forward to last week and the appraisal came back 230k. We now have a dilemma because most banks only loan up to the appraisa...
by smitcat
Wed Jul 17, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 117
Views: 10539

Re: House not appraising for amount we were offered!

My property/house is unique in that there's one acre of ground AND a large pole barn. It is also unique in that it sits on a dead end road in a rural setting. However, it's only 9.5 miles to downtown Louisville!! We aren't in a huge rush to sell either, but of course we'd rather sell.:) "My propert...
by smitcat
Wed Jul 17, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7514

Re: No A/C in Office [not a safe work environment]

That most people are not harmed by this environment or that some people have it worse is not relevant. If only 1 in 1,000,000 people have a negative health outcome to this environment, does that qualify as safe? Of course not. But then no workplace can be considered safe. Which is probably fair, if...
by smitcat
Wed Jul 17, 2019 7:05 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

It's possible that chronic gasoline dilution of the engine oil in Honda's 1.5T engine won't cause unusual engine wear and engine damage over time, but is it reasonable to assume that it won't? Honda, Chrysler, and the Environmental Protection Agency—says that the problem of fuel mixing with oil pro...
by smitcat
Tue Jul 16, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

Do you have any performance or mileage issues from the dilution issues so far? We do not see any problems with the Civic or all the CRV owners with this engine that we know. Fuel Mileage hovers between 36 - 38 MPG (mostly suburban driving) and performance is adequate. The Civic doesn't weigh a lot,...
by smitcat
Tue Jul 16, 2019 1:59 pm
Forum: Personal Investments
Topic: i-ORP and annual Roth contributions after age 65?
Replies: 7
Views: 467

Re: i-ORP and annual Roth contributions after age 65?

Following two ways will end up with the same result. No Roth conversion and Roth contribution Roth conversion and deductible contribution Thank you. i-ORP does not recommend making a Roth conversion AND the $7K non-deductable annual Roth contribution. I was seeking opinion on why that might be. Is ...
by smitcat
Tue Jul 16, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1289
Views: 121423

Re: U.S. stocks continue to soar!

Well, someone is spending money (at least in the U.S.). If wages aren't going up, then it must be from debt, right? corn18, We know how the story ended last time. So, it will be same again this time. KlangFool The data would seem to support your hypothesis: http://www.early-retirement.org/forums/me...
by smitcat
Tue Jul 16, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 83
Views: 3868

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

My 94 year old mother recently passed away after spending 6 years in an expensive LTC facility ($8,000/mo). My father passed away 13 years ago after spending several years in a care facility with Alzheimer’s. At the peak their net worth was about $1.5 million. She is leaving over $300,000 behind. C...
by smitcat
Tue Jul 16, 2019 7:31 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

... ... My niece received the letter from Honda nearly a month ago on the extended warrantee. What are the symptoms of camshaft wear and do you have any of those symptoms? I received the same letter. I would be disappointed if I had an experience like CULater described. Instead, I'm seeing a manufa...
by smitcat
Tue Jul 16, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

... ... My niece received the letter from Honda nearly a month ago on the extended warrantee. What are the symptoms of camshaft wear and do you have any of those symptoms? I received the same letter. I would be disappointed if I had an experience like CULater described. Instead, I'm seeing a manufa...
by smitcat
Mon Jul 15, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

I get more reliable service at the local Honda dealer than local repair shops and at similar prices. There’s something to be said for using the dealer for maintenance—assuming they are have a service department that is focused on providing this as a competitive service. We are a one car family and ...
by smitcat
Sun Jul 14, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7514

Re: No A/C in Office

Work AC broke two days ago, it is 90 degrees outside and probably hotter in the building, since we have no breeze or airflow. The boss refuses to close the office, even thought the other 4 floors every company is not working. Company is small and has no HR, at what point is this not a safe work env...
by smitcat
Sun Jul 14, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

I have the same 1.5L engine that is in the CRV (in my Civic) and really like it. The engine/transmission work really well together to balance adequate performance with outstanding fuel economy. Honda has already offered an extended warranty on the power-train (complementary) to provide additional p...
by smitcat
Sun Jul 14, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4773

Re: Anyone buy the Nissan Rogue over the Honda CRV???

The Honda CRV has been beat up often on this forum. I currently have a 2013 Honda Accord with the 2.4L engine. The car is running great, but I do covet getting a car with all the driver assist safety features. The location of the Honda dealership is great since I can get there in 10 minutes even wi...
by smitcat
Sun Jul 14, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Add a second job? Trader Joes, Home depot, ???
Replies: 38
Views: 4707

Re: Add a second job? Trader Joes, Home depot, ???

Our daughter works a number of part time jobs that pay very well, you need to look for them and see how they fit into your schedule and skills.
Perhaps look into tutoring, wine server, boat delivery, exercise trainer, etc.
by smitcat
Fri Jul 12, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 10863

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

"Assuming max SS, one only needs $1.5m or less @ 4% SWR to have $100k a year to live on. " Yes - well put exactly. What is the max SS income? The maximum SS benefits for a single person collecting at age 70 is $3,770/mo. or $45,240 per year in 2019. Any spousal benefits would be in addition to thos...
by smitcat
Fri Jul 12, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 10863

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Though it may be hard to put an age/career-level to this due to: income, expenses, savings rate and investment return/sequence of returns., allow me to repeat my recent posting here: At each significant stage of account value (or your net-worth) - it means different things to you: "Assuming" a stea...
by smitcat
Fri Jul 12, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 1847

Re: Pay student loans via cash-out refinance?

TropikThunder, 1) What if it is not a few months? Then what? 2) That kind of situations tends to occur in a recession. At that kind of situation, refinancing and cash out the mortgage is no longer an option. 3) With both student loans and the house mortgage, in the worst condition, a person will lo...
by smitcat
Fri Jul 12, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7514

Re: No A/C in Office

Work AC broke two days ago, it is 90 degrees outside and probably hotter in the building, since we have no breeze or airflow. The boss refuses to close the office, even thought the other 4 floors every company is not working. Company is small and has no HR, at what point is this not a safe work env...
by smitcat
Fri Jul 12, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1455

Re: How much homeowners insurance?

It should be noted that replacement cost and market value are two different things. If the value of your property is $XXX in the real estate market, it does not mean that you can replace the structure for that amount. Construction costs for labor and materials can be much higher. Alternatively, in ...
by smitcat
Fri Jul 12, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Unless you guys are different from me I look at what my savings are after taxes, it doesn't make any sense to base the number off of money you will never see. CnC, I look at my savings based on my annual expense. It does not make any sense to be based on any form of income (gross, net, after-tax). ...
by smitcat
Fri Jul 12, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 10863

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Ideally, it NEVER happens until you retire or near it. It sounds good -- lots of investment income -- but a great career path should crush broad stock market returns. I was able to grow my W2 by 20% for roughly 20 years in a row on average. It's exciting when income becomes a whole other job sized ...
by smitcat
Fri Jul 12, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 5973

Re: my best new travel tip only $2 per day more [airport parking]

We do this virtually every single time. I can't remember the last time we drove to or from the airport, and we both travel for work quite a bit. Annoying story of the day: my wife's 94yr old grandfather sent my in-laws money to buy the family (in-laws, my wife and her 3 siblings) tickets to come vi...
by smitcat
Fri Jul 12, 2019 7:34 am
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 5973

Re: my best new travel tip only $2 per day more [airport parking]

I hate the economy long term parking at our big city airport, it is on gravel and you need a shuttle to get to the terminal. It can take easily half an hour or more to get to the terminal after parking. Once three shuttles passed us as they were all full, but eventually we made it. People were walk...
by smitcat
Fri Jul 12, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

20% can get you to early retirement but it would be highly dependent on returns and a relatively stable income. A person making $50k in 1980 and only received inflation increases gets to 25x 80% of their income in about 24 years using a 100 equity portfolio split 50/50 Sp500/small cap value. After ...
by smitcat
Thu Jul 11, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

"So do you really think you can make the adjustment from 400k a year expenses to 100k a year expenses?" I am pretty sure he is talking about a pre tax income of $500K per year. There is a lot going on here. The example was that with high income you have options. You can downgrade and still live a c...
by smitcat
Thu Jul 11, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 5973

Re: my best new travel tip only $2 per day more [airport parking]

I hate the economy long term parking at our big city airport, it is on gravel and you need a shuttle to get to the terminal. It can take easily half an hour or more to get to the terminal after parking. Once three shuttles passed us as they were all full, but eventually we made it. People were walk...
by smitcat
Thu Jul 11, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Doesn't mean anything. It depends on how much one makes and how much he/she needs in retirement. :oops: Actually it means everything. It doesn't matter how much you make because if you save 50% it means you are saving the same amount you spend each year. Weather it's 50k or 500k. If i currently mak...
by smitcat
Thu Jul 11, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

20% can get you to early retirement but it would be highly dependent on returns and a relatively stable income. A person making $50k in 1980 and only received inflation increases gets to 25x 80% of their income in about 24 years using a 100 equity portfolio split 50/50 Sp500/small cap value. After ...
by smitcat
Thu Jul 11, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

20% can get you to early retirement but it would be highly dependent on returns and a relatively stable income. A person making $50k in 1980 and only received inflation increases gets to 25x 80% of their income in about 24 years using a 100 equity portfolio split 50/50 Sp500/small cap value. After ...
by smitcat
Thu Jul 11, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Doesn't mean anything. It depends on how much one makes and how much he/she needs in retirement. :oops: Actually it means everything. It doesn't matter how much you make because if you save 50% it means you are saving the same amount you spend each year. Weather it's 50k or 500k. Well it might mean...
by smitcat
Thu Jul 11, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Doesn't mean anything. It depends on how much one makes and how much he/she needs in retirement. :oops: Actually it means everything. It doesn't matter how much you make because if you save 50% it means you are saving the same amount you spend each year. Weather it's 50k or 500k. Well it might mean...
by smitcat
Wed Jul 10, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: Pickup truck issue!!
Replies: 39
Views: 2761

Re: Pickup truck issue!!

I need to clarify something very important here....the truck is actually running very well. It's a weird situation, the mechanic drove it yesterday and made the comment of how well it's running. Also, it's a 2008 6.4 engine that has been deleted. The deletion was money well spent. Regarding selling...
by smitcat
Wed Jul 10, 2019 7:57 am
Forum: Personal Consumer Issues
Topic: Pickup truck issue!!
Replies: 39
Views: 2761

Re: Pickup truck issue!!

My mechanic told me that his diagnostic tests kept telling him that my high pressure fuel pump is the problem. I've looked them up on line and the part alone is over 1k. I also investigated a bit on the internet and yes, it's absolutely recommended to take the cab off when doing this particular rep...
by smitcat
Tue Jul 09, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

Most people I know don't have a retirement goal, I'm 67. I retired at 55. I didn't have a retirement goal. Things at work changed and I just thought it would be a good time to retire (as it happens, right before the financial crash). The problem with setting "goals" is that it is a double edged swo...
by smitcat
Tue Jul 09, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

Right, but this raises the question of whether it will be there for a particular individual and to what extent, and the answer is unknown because it depends on what, if anything, will change in how SS is managed. Will you get the full amount because SS taxes will be increased? Will you get 75%? Wil...
by smitcat
Tue Jul 09, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 5973

Re: my best new travel tip only $2 per day more

I live about 30 miles from the airport. I have found that getting a one way rental car at a suburban location near my house, then dropping it off at the airport works well. (and the opposite when I return). I can pick the car up the day ahead of time as long as I drop it off within 24 hours I can u...
by smitcat
Tue Jul 09, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: No advantage to doing Roth conversions?
Replies: 21
Views: 2719

Re: No advantage to doing Roth conversions?

Being age mid-60’s, the next few years offer a window to convert IRA savings (which are 80% of total savings) to Roth IRA and stay within lower income tax bracket. I really like the Optimal Retirement Planner spreadsheet (i-ORP.com) for modeling various conversion strategies... from no conversion a...
by smitcat
Tue Jul 09, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

SSI is not going to go broke, at the most there will be some tweaking around the edges to make it sustainable when the ruling class is forced to make the changes. Regarding this point, I believe that a lot of folks have talked past each other regarding the future state of SS. Those that say that SS...
by smitcat
Tue Jul 09, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

SSI is not going to go broke, at the most there will be some tweaking around the edges to make it sustainable when the ruling class is forced to make the changes. Regarding this point, I believe that a lot of folks have talked past each other regarding the future state of SS. Those that say that SS...
by smitcat
Mon Jul 08, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 160
Views: 9798

Re: Long term care insurance excessive price increase -upset!

What does understanding this "rule" have to do with the fact that you made your choices? If you want to purchase a product that some feel you don't need, that's a choice you can make. Are you saying you don't agree with this "rule" or that you truly don't understand it and need an explanation? I'm ...
by smitcat
Mon Jul 08, 2019 7:43 am
Forum: Personal Investments
Topic: Portfolio Review for 35 year old; Early Retirement at age 55
Replies: 33
Views: 4990

Re: Portfolio Review for 35 year old; Early Retirement at age 55

Your doing very well - my only comment or area of thought would be what that 3% return on 4MM ($120K) may be worth in 20 years relative to todays dollars. Thank you. $120k is on today’s dollars. I used 5% real returns. May be too optimistic? $84K per year for 20 years at 5% would be less than you f...
by smitcat
Mon Jul 08, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Will 20% savings rate towards retirement starting in my mid 20s allow me to retire early in my 40s, 50s, or on time at 60? It's a start. It's a step to the right direction. But if you want to retire early and do it on your term, you gotta get after it. Increase your pay, make good decisions on hous...
by smitcat
Mon Jul 08, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 160
Views: 9798

Re: Long term care insurance excessive price increase -upset!

I don't understand this rule.... "Rule #1 of buying insurance is to only insure risks that would be financially detrimental to you if they occurred" A couple of examples are that I can go without home insurance but I choose not to, I can also go with much lower liability insurance but I choose not ...
by smitcat
Sun Jul 07, 2019 7:15 pm
Forum: Personal Investments
Topic: Portfolio Review for 35 year old; Early Retirement at age 55
Replies: 33
Views: 4990

Re: Portfolio Review for 35 year old; Early Retirement at age 55

Your doing very well - my only comment or area of thought would be what that 3% return on 4MM ($120K) may be worth in 20 years relative to todays dollars.
by smitcat
Sun Jul 07, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Will 20% savings rate towards retirement starting in my mid 20s allow me to retire early in my 40s, 50s, or on time at 60? It's a start. It's a step to the right direction. But if you want to retire early and do it on your term, you gotta get after it. Increase your pay, make good decisions on hous...
by smitcat
Sun Jul 07, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 160
Views: 9798

Re: Long term care insurance excessive price increase -upset!

I don't understand this rule.... "Rule #1 of buying insurance is to only insure risks that would be financially detrimental to you if they occurred" A couple of examples are that I can go without home insurance but I choose not to, I can also go with much lower liability insurance but I choose not ...