Search found 1862 matches

by smitcat
Mon Oct 22, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 55
Views: 2367

Re: Car Dealer told us car was Certified, but it isnt

The day before we took the car in I drove it and it was making a grinding sound when you applied the brakes which does not sounds safe. Why get another opinion, the car was supposedly certified and local Mazda said they would have comped the repair, and will give me the old parts to show mazda we p...
by smitcat
Mon Oct 22, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 121
Views: 14496

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

That's why Jim Dahle, the White Coat Investor, advocates for a 'twenties fund'. He says that it's in your twenties when you most often need money the most. Absolutely. That's when money makes the most difference - making it possible to get the right education, settle down, start a family, avoid deb...
by smitcat
Sun Oct 21, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Short trip to Orlando with my parents and children
Replies: 18
Views: 969

Re: Short trip to Orlando with my parents and children

Those dates 11/5 and 11/6 are not so crowded at WDW and we love it there. You would need much more time to see all of WDW so decide ahead of time what exactly you want to see. Always try to check the crowd calendar when you are going to the parks in Orlando. https://www.undercovertourist.com/orland...
by smitcat
Sun Oct 21, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 18061

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

I have been retired for 11+ years (73 yo), and the variation on this method I use and really like to to take a monthly withdrawal of 0.5% of the current portfolio value. If you go back and look at the updated Trinity study, a non-inflation adjusted withdrawal of 6% is 30 year safe 93 to 98% of the ...
by smitcat
Sun Oct 21, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 4845

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

I think one of the factors in employers moving to PTO from "sick leave" is the "abuse" of accrued sick leave by many employees. Many of us probably know a lot of fellow employees who are "sick" on a regular basis and use up any and all accrued sick leave every year. Too bad, in my opinion. I work f...
by smitcat
Sun Oct 21, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Short trip to Orlando with my parents and children
Replies: 18
Views: 969

Re: Short trip to Orlando with my parents and children

Those dates 11/5 and 11/6 are not so crowded at WDW and we love it there. You would need much more time to see all of WDW so decide ahead of time what exactly you want to see. Always try to check the crowd calendar when you are going to the parks in Orlando. https://www.undercovertourist.com/orlando...
by smitcat
Sun Oct 21, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4590

Re: "Retirement age uncertainty increases the savings needed for success"

Now to some extent shortages of employees are a made up problem. Raise wages and those shortgages tend to disappear quickly. For the past 15 years or so I had a very difficult time filling advanced- and management-level statistician positions. We hired english-speaking immigrants and attracted peop...
by smitcat
Sun Oct 21, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 102
Views: 4646

Re: Long-term Care Insurance

Using Genworth's LTC insurance calculator , an opposite gender couple, both age 65, buying a policy with $300 per day maximum benefit ($109,500 maximum annual benefit, about the cost of a nursing home in our area) with a five year maximum benefit period would pay $4,553 each per year, $9,106 for th...
by smitcat
Sun Oct 21, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: noisy generator
Replies: 44
Views: 2772

Re: noisy generator

I hope the OP has been instructed on how to change the oil in the generator. It should be done every 100 hours of operation (about 4 days of continuous operation) or once a year, whichever comes first. The replacement oil should be synthetic (I like Mobil 1), but Generac wants the first 100 hours t...
by smitcat
Thu Oct 11, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 39
Views: 2755

Re: College loan advice?

If there is a concern about cashflow, I see no problem having the student take out their own 5500/6500/7500 loans. If the parents then find out that they can pull it together adequately, nothing keeps them from paying the loan off. Do you lose a little in the 1% origination and possibly some intere...
by smitcat
Thu Oct 11, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 595
Views: 87460

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

Finally got this response to my case from Honda Customer Service. Sounds overwhelmingly reassuring, doesn't it? This has to be one of the longest investigations in the history of investigations so far. Woulda, shoulda, coulda maybe. At this time, we are currently investigating this concern and deve...
by smitcat
Thu Oct 11, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8296

Re: When will you backup the truck on stocks

Couple of posts asking what are these cash reserves doing and case of opportunity cost. Let me put it this way as I have a different take on this. If my portfolio went up more than I expected in the last few years, which it did, then my need to take risk has reduced, therefore building up new money...
by smitcat
Thu Oct 11, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: I guess I'm fine
Replies: 7
Views: 1524

Re: I guess I'm fine

I am retired and I have a 50/50 portfolio. Daily fluctuations of 1% exceed what I spend in a year. I now spend most of my day reading, walking, trying to avoid others complaining and trying to avoid the news. I listen to radio while I'm walking, alternating preset stations, one of which is Bloomber...
by smitcat
Wed Oct 10, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Neighbors tree branch growing too close to my house
Replies: 48
Views: 3823

Re: Neighbors tree branch growing too close to my house

Where we are each homeowner is responsible for whatever is on their property - including trees. If those trees extend beyond a property line they are still responsible. Of course being courteous and having a kind conversation with neighbors to solve these problems is the best route sharing with wha...
by smitcat
Wed Oct 10, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 25
Views: 2254

Re: self-employed professional - the best way to get things started?

I would definitely go with paying the student loans since they likely are at 7% or more and some may be a variable rate. Cannot undertand your current projected 'budget' given some of your numbers.... $100K / year - proposed payoff of $500K over 7 years $84K / year - proposed savings $70K / year - a...
by smitcat
Wed Oct 10, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Neighbors tree branch growing too close to my house
Replies: 48
Views: 3823

Re: Neighbors tree branch growing too close to my house

Where we are each homeowner is responsible for whatever is on their property - including trees. If those trees extend beyond a property line they are still responsible. Of course being courteous and having a kind conversation with neighbors to solve these problems is the best route sharing with wha...
by smitcat
Wed Oct 10, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Neighbors tree branch growing too close to my house
Replies: 48
Views: 3823

Re: Neighbors tree branch growing too close to my house

There were several posts indicating I should pay for it. Why is this the case when it is my neighbor's tree that is invading my property and causing potential harm to my house? Your neighbor has no responsibility to pay to trim the tree. If the tree is clearly at risk of causing damage, i.e. it is ...
by smitcat
Wed Oct 10, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Does the Boglehead ever see a unique opportunity for investment?
Replies: 17
Views: 1760

Re: Does the Boglehead ever see a unique opportunity for investment?

I'm pretty much BH now. Boring but... Just wondering if any dedicated BH types have actually placed a big bet with a bigger potential payoff. Examples would include: 1. One-off investment opportunities that are presented to you and not readily available to others. 2. Buffet-like plays, albeit not a...
by smitcat
Wed Oct 10, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12125

Re: Larry Swedroe: Be Prepared For Losses

To the extent that "be prepared for losses" means "be prepared to sit there and watch the portfolio decline by 30-40-50% because that does happen, you know, and we bogleheads must tune out the noise," such advice is suspect. It doesn't make sense for many investors at any age to fail to make defens...
by smitcat
Wed Oct 10, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10197

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

I look it at the opposite way. If you need the income sometime in the age 62-70 time period where will you get it? From your portfolio? If it's a down market you shouldn't be selling stocks so you'll be getting it from the cash and fixed portions. If you don't have sufficient funds in those allocat...
by smitcat
Tue Oct 09, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10197

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

I look it at the opposite way. If you need the income sometime in the age 62-70 time period where will you get it? From your portfolio? If it's a down market you shouldn't be selling stocks so you'll be getting it from the cash and fixed portions. If you don't have sufficient funds in those allocat...
by smitcat
Tue Oct 09, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3372

Re: What are your strategies when shopping for a house?

We had someone try this third and fourth (and even a fifth) showing business. I get looking at a house two times, and I can even buy into the third showing if you come ready to leave an offer on the kitchen table. But never again will we allow more than 3 showings. Our experience: we indulged a fou...
by smitcat
Tue Oct 09, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3372

Re: What are your strategies when shopping for a house?

We had someone try this third and fourth (and even a fifth) showing business. I get looking at a house two times, and I can even buy into the third showing if you come ready to leave an offer on the kitchen table. But never again will we allow more than 3 showings. Our experience: we indulged a fou...
by smitcat
Tue Oct 09, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12125

Re: Larry Swedroe: Be Prepared For Losses

To the extent that "be prepared for losses" means "be prepared to sit there and watch the portfolio decline by 30-40-50% because that does happen, you know, and we bogleheads must tune out the noise," such advice is suspect. It doesn't make sense for many investors at any age to fail to make defens...
by smitcat
Tue Oct 09, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Can we safely retire early?
Replies: 18
Views: 3290

Re: Can we safely retire early?

aristotelian (and Watty), while I believe I'm conservative in my assumptions, it is indeed $85K/yr drawdown that I estimate we will need until age 70. From 70 on, after SS kicks in, I figure we'll drawdown $40K/yr. We're not in a low-cost state. My calculations, even prior to using the online calcu...
by smitcat
Tue Oct 09, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 39
Views: 2755

Re: College loan advice?

What are folks doing for in regards to paying college tuition when income precludes allowing their child to qualify for loans? We have saved for her education, and have paid for her first year of college, but want make sure that she has some skin in the game.. Though she will be working during coll...
by smitcat
Mon Oct 08, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4590

Re: "Retirement age uncertainty increases the savings needed for success"

Interesting stats but they miss that fact that most folks nearing these retirement ages have little or nothing saved.
by smitcat
Sun Oct 07, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 4751

Re: Sellers remorse - selling business

I agree. While not getting into the details of my business, it's heavily reliant upon products coming from overseas. A trade embargo would cripple our nation - and selfishly - cripple me too. Economy takes a major down-turn and we'll lost 10-20% of our revenue and more of our profits. Client receiv...
by smitcat
Sat Oct 06, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2101

Re: Concerns of buying a home...what would you do?

Hello all, This is my first post. I'm not a complete stranger to personal finances, but I feel as though I could always learn more. Here is our situation: I have been saving to purchase our families first home in Orlando. Both my wife and I grew up here, most of our friends are here, so this is whe...
by smitcat
Sat Oct 06, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World

My kids are almost 3 and 6 and enjoy going on rides. We're not big Disney fans, but I'm sure they'd have fun seeing some of the characters too. Decades ago when I was doing the research for a trip to Disneyland one of the books I read had an interesting thing they had found. They interviewed young ...
by smitcat
Sat Oct 06, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12125

Re: Larry Swedroe: Be Prepared For Losses

FYI. I kept some physical gold too. I am prepared. What percentages of your assets are in physical gold and how are you safe keeping it? Assuming minimum at 10%, what is the footprint of the gold? Say $1.5M in total assets, so $150K in physical gold, about 3KG in gold, about 5.5^3 cubic centimeter!...
by smitcat
Sat Oct 06, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

Disney is expensive. If you’re going to go, you just have to accept that. If you’re trying to minimize costs, you are probably going to end up miserable. And the whole point of Disney is to have a good time. When we go, it’s usually for about seven days and we stay on Disney property. +1 IMHO you r...
by smitcat
Sat Oct 06, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12125

Re: Larry Swedroe: Be Prepared For Losses

FYI. I kept some physical gold too. I am prepared. What percentages of your assets are in physical gold and how are you safe keeping it? Assuming minimum at 10%, what is the footprint of the gold? Say $1.5M in total assets, so $150K in physical gold, about 3KG in gold, about 5.5^3 cubic centimeter!...
by smitcat
Sat Oct 06, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

Many years ago when our kids were little we were going on a road trip from AZ to No. CA for Christmas with grandma. We took our kids out of school a few days before Christmas break. On the way, as a pre-Christmas surprise for our girls, we stopped in Anaheim. The following morning went to Disneylan...
by smitcat
Sat Oct 06, 2018 6:54 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

So then why? I my family we have the rule that the experince has to be ejoyable for all of us. Sure, it doesn't have to be optimal for all of us. So no disney anything, ever, for my kid. There is no way I am going to put myself ever through such an ordeal. He doesn't care. I am just amazed why peop...
by smitcat
Sat Oct 06, 2018 6:48 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

We're planning a trip to see family in Florida and may stop by Disney for 2 days. My kids are almost 3 and 6 and enjoy going on rides. We're not big Disney fans, but I'm sure they'd have fun seeing some of the characters too. We're not big fans of crowded chaos or waiting in long lines so we would ...
by smitcat
Fri Oct 05, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

The bad or difficult part of Disney is that EVERY parent wants to take their kids during Summer/Winter/Spring break. So of course, during these times, prices of tickets, hotels, airfare, are all more expensive. Best bet is to take kids during the school year and yes pull them from school as horribl...
by smitcat
Fri Oct 05, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

"Neither do we - while we do get large trip discounts and airfare free many times we do figure that it is a 'cost' of that particular trip to be measured against other costs we would like to fund." We generate about 60K points each month through our small business, so it's not so much "credit card ...
by smitcat
Fri Oct 05, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

Brad Barrett from Choose FI wrote a detailed plan on how to go to Disney World for free or nearly free. Many in the FI community have used it with great success. https://www.richmondsavers.com/take-your-family-to-disney-world-for-free-step-by-step-instructions/ I don't see how spending thousand dol...
by smitcat
Fri Oct 05, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

The bad or difficult part of Disney is that EVERY parent wants to take their kids during Summer/Winter/Spring break. So of course, during these times, prices of tickets, hotels, airfare, are all more expensive. Best bet is to take kids during the school year and yes pull them from school as horribl...
by smitcat
Fri Oct 05, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: 2018 Ford Edge
Replies: 31
Views: 2366

Re: 2018 Ford Edge

Ended up with a 2018 AWD CRV LX. Drives great. has the engine that isn't affected with oil dilution, and It's so tall I'm just as high up as I would be in an explorer, but not as big to park. Leased for $315/mo including all taxes(in chicago it's 18% extra). Will re-evaluate needs in 3 years. Pulle...
by smitcat
Fri Oct 05, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: 2018 Ford Edge
Replies: 31
Views: 2366

Re: 2018 Ford Edge

Ended up with a 2018 AWD CRV LX. Drives great. has the engine that isn't affected with oil dilution, and It's so tall I'm just as high up as I would be in an explorer, but not as big to park. Leased for $315/mo including all taxes(in chicago it's 18% extra). Will re-evaluate needs in 3 years. Pulle...
by smitcat
Fri Oct 05, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

I would not wait until you get there to get tickets. Fast passes are selected up to 60 days in advance for the rides and you need the tickets to reserve fast passes. 60 days with Disney and qualified other hotels (some Downtown Disney) but I believe it is 30 days with non qualifying hotels which re...
by smitcat
Fri Oct 05, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World

They interviewed young kids that had been to Disneyland about six months before and by far the thing they remembered the most was ......(drumroll)....the pool at the hotel. To this day, my mother still tells the story of the time we went to Disney when I was younger and the entire time my sister an...
by smitcat
Fri Oct 05, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

I went to Disney with my parents on a timeshare about 15 years ago with GF who is now DW. Was living at home and working so I had extra cash. Bought 10 days worth of Disney tickets X2 that never expire including park hopper. It cost me about $600, so about $30 per ticket per day. Used 3 days so far...
by smitcat
Fri Oct 05, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World - Discount on tickets?

We're planning a trip to see family in Florida and may stop by Disney for 2 days. My kids are almost 3 and 6 and enjoy going on rides. We're not big Disney fans, but I'm sure they'd have fun seeing some of the characters too. We're not big fans of crowded chaos or waiting in long lines so we would ...
by smitcat
Thu Oct 04, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3726

Re: Tackling Disney World

We're planning a trip to see family in Florida and may stop by Disney for 2 days. My kids are almost 3 and 6 and enjoy going on rides. We're not big Disney fans, but I'm sure they'd have fun seeing some of the characters too. We're not big fans of crowded chaos or waiting in long lines so we would ...
by smitcat
Thu Oct 04, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Cruise deals?
Replies: 47
Views: 3138

Re: Cruise deals?

As far as I know, no tips I've paid have gone to kitchen staff or laundry staff. I have either handed the stateroom attendant/assistant and waiter/assistant money in an envelope or it was automatically charged to my room and disbursed to them by the cruise line. Some people tip the maitre d too. I ...
by smitcat
Thu Oct 04, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Cruise deals?
Replies: 47
Views: 3138

Re: Cruise deals?

I got an NCL cruise for 13 days in S America maybe 6 weeks in advance for $300 pp and they threw in free drinks for the whole cruise (that alone was worth around $800). That sounds like quite a deal , $300pp for 13-day cruise! I think the one we booked was around $900pp for 5-day cruise ( and one p...
by smitcat
Thu Oct 04, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Cruise deals?
Replies: 47
Views: 3138

Re: Cruise deals?

I got an NCL cruise for 13 days in S America maybe 6 weeks in advance for $300 pp and they threw in free drinks for the whole cruise (that alone was worth around $800). That sounds like quite a deal , $300pp for 13-day cruise! I think the one we booked was around $900pp for 5-day cruise ( and one p...