Search found 85 matches

by SCV_Lawyer
Sun Aug 11, 2019 11:49 pm
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3566

Re: Trail running shoes for light hiking

I wear Solomon speed cross. They are probably 8 years old at this point. Over a thousand miles on them. No issues with stability, even when portaging canoes. I sold my waterproof asolo hiking boots this year. Too heavy. You want something that is quick dry. Definitely not waterproof, which never dr...
by SCV_Lawyer
Fri Aug 09, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 9980

Re: Critique my exercise routine because it's not working for me

I've spent a lot of time studying this, and there are many ways to go about it - Crossfit, OrangeTheory, etc - most anything that adds variety to your workout with high intensity (HIIT style workouts are extremely effective). And you don't have to pay $150+ per month. There are plenty of video seri...
by SCV_Lawyer
Thu Aug 01, 2019 10:13 pm
Forum: Investing - Theory, News & General
Topic: New Morningstar charts - so frustrating
Replies: 10
Views: 998

Re: New Morningstar charts - so frustrating

And the style boxes no longer have the percentages, just a graph with an oval showing general distribution among the 9 boxes.
by SCV_Lawyer
Sun Jun 23, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308397

Re: Share your net worth progression

Now I feel like a slacker since 2010. :D 2010 is when I started to use Mint which has a section that calculates your net worth. I was 3 years out of training as a physician at that time. In 2006 my net worth was negative with $160k of school loan debt. BH index investing has helped a lot of people....
by SCV_Lawyer
Sun Jun 23, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308397

Re: Share your net worth progression

zlandar wrote:
Sun Jun 23, 2019 10:18 am
2010: $768k
2011: $993k
2012: $931k
2013: $1.26m
2014: $2.04m
2015: $2.26m
2016: $2.84m
2017: $3.94m
2018: $4.05m
YTD: $4.67m
Now I feel like a slacker since 2010. :D
by SCV_Lawyer
Sun Jun 23, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 308397

Re: Share your net worth progression

Since I realized we just hit a new milestone, I'll post my history. Been doing Quicken for over 20 years, so it's pretty easy. The below includes house and vehicles ($1.3M combined as of today). 1997: -$53,000 1998: -$31,000 1999: $100,000 2000: $123,000 2001: $191,000 2002: $295,000 2003: $336,000 ...
by SCV_Lawyer
Thu Jun 20, 2019 4:48 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 140039

Re: Post your Financial Milestone Announcements Here

Hit $4M in net worth. But $1.3M of that is house and vehicles, so next goal is $3M in investable assets. Should be there by end of the year, absent a major downturn.
by SCV_Lawyer
Tue May 14, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11071

Re: What non frugal things save money?

If you drive a lot, buying a new EV car can actually save money. I was spending $5.5K/year in gas on driving 25K miles/year. I bought a Model 3 ($62K). Electricty for the same miles would be $800/year. But we produce excess energy from solar, so fuel costs are near zero. And the Model 3 is pretty m...
by SCV_Lawyer
Tue May 14, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11071

Re: What non frugal things save money?

But you have to compare apples to apples. I was driving a 2015 Hyundai Genesis with a V8. So yes, premium gas, not great gas mileage, California gas prices, but really fast. Moving to a Honda Civic is not the same car in any universe. I could also just trade it in for a bike. But if I want to stay ...
by SCV_Lawyer
Tue May 14, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11071

Re: What non frugal things save money?

But you have to compare apples to apples. I was driving a 2015 Hyundai Genesis with a V8. So yes, premium gas, not great gas mileage, California gas prices, but really fast. Moving to a Honda Civic is not the same car in any universe. I could also just trade it in for a bike. But if I want to stay ...
by SCV_Lawyer
Tue May 14, 2019 6:53 am
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11071

Re: What non frugal things save money?

If you drive a lot, buying a new EV car can actually save money. I was spending $5.5K/year in gas on driving 25K miles/year. I bought a Model 3 ($62K). Electricty for the same miles would be $800/year. But we produce excess energy from solar, so fuel costs are near zero. And the Model 3 is pretty m...
by SCV_Lawyer
Sun May 12, 2019 11:23 pm
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11071

Re: What non frugal things save money?

If you drive a lot, buying a new EV car can actually save money. I was spending $5.5K/year in gas on driving 25K miles/year. I bought a Model 3 ($62K). Electricty for the same miles would be $800/year. But we produce excess energy from solar, so fuel costs are near zero. And the Model 3 is pretty mu...
by SCV_Lawyer
Sat Apr 27, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation assumption for planning
Replies: 24
Views: 1478

Re: Inflation assumption for planning

I have used nominal figures in my models, and so I do need to include an inflation estimate. I have been using 2%. The main reasons I use nominal figures are: I want to know my target FI/retirement number in actual dollar terms, which means I have to include annual inflation adjusts in my expense es...
by SCV_Lawyer
Sat Apr 13, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 16922

Re: How often do you check your net worth?

I can understand why to some, the value of your house is not that useful if you plan to stay in it for a long time. For our situation, I am very interested in the value of our house. I will likely retire in around four years, and then once my youngest graduates from high school four years after that...
by SCV_Lawyer
Tue Mar 26, 2019 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 80
Views: 11364

Re: Primer on Paying Taxes With a Credit Card

I have not tried this before since I was using a 2% travel card (CapitalOne Venture) and so the 1.87% fee didn't provide much of a rate spread. But now I have the BofA Premium Rewards card with the 2.625% cash back. The problem is that my federal + state quarterly tax payment is about three times m...
by SCV_Lawyer
Mon Mar 25, 2019 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 80
Views: 11364

Re: Primer on Paying Taxes With a Credit Card

I have not tried this before since I was using a 2% travel card (CapitalOne Venture) and so the 1.87% fee didn't provide much of a rate spread. But now I have the BofA Premium Rewards card with the 2.625% cash back. The problem is that my federal + state quarterly tax payment is about three times my...
by SCV_Lawyer
Sat Mar 23, 2019 10:59 pm
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 5533

Re: High Tax bracket strategies

Another thing I do (for the most part): Do not keep money market fund for emergency in after tax account. MMF is not tax efficient. Dividends from Total Stock Market Index are taxed lower than MMF dividends if held in an after tax account. It is all about tax efficiency -- this isn't a big savings,...
by SCV_Lawyer
Sun Mar 17, 2019 5:06 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23575

Re: How to realistically FIRE?

The 32k includes over 12k in property taxes and homeowners insurance. It is absolutely a want budget not a needs budget. It would keep the standard of living we have now and just exclude debts that would be gone at retirement. I could cut cable, internet, cut back on running heat/air etc. The point...
by SCV_Lawyer
Sun Mar 17, 2019 4:53 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23575

Re: How to realistically FIRE?

The 32k includes over 12k in property taxes and homeowners insurance. It is absolutely a want budget not a needs budget. It would keep the standard of living we have now and just exclude debts that would be gone at retirement. I could cut cable, internet, cut back on running heat/air etc. The point...
by SCV_Lawyer
Thu Mar 07, 2019 5:23 pm
Forum: Personal Investments
Topic: California Estimated Taxes
Replies: 8
Views: 703

Re: California Estimated Taxes

The California estimated tax schedule includes four dates, but the percentages of the payments mean skip September! And the first year I made estimated tax payments, I foolishly paid 1/4 each time and got a small penalty. I found out the hard way too. So Californians paying estimated taxes pay 70% ...
by SCV_Lawyer
Thu Mar 07, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 with young kids.
Replies: 30
Views: 4168

Re: Model 3 with young kids.

We have a Model 3 with two kids, 10 and 13. Everyone fits fine. Love it.
by SCV_Lawyer
Tue Mar 05, 2019 1:13 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 299634

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I'm doing it partially taxable ($75K) and partially Roth IRA ($25K). I'll rebalance in the Roth for as long as I can to keep the overall position at 40/60 across the two accounts.
by SCV_Lawyer
Wed Feb 20, 2019 12:37 am
Forum: Personal Investments
Topic: Are traditional 401k's of any value from a tax perspective?
Replies: 43
Views: 2690

Re: Are traditional 401k's of any value from a tax perspective?

1. My current federal marginal tax bracket is 37%. It will very likely be much lower after I retire, so I will pay less taxes on the funds when withdrawn. 2. I live in CA and my state marginal tax bracket is 11.3%. I will move to a no/lower tax state after I retire, so I will pay much less in state ...
by SCV_Lawyer
Fri Feb 01, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27392

Re: Cost of college and 529

KlangFool wrote:
Fri Feb 01, 2019 1:13 pm

You are simply wrong. Let's start with the basic. Why do you need to save for college education?
For me, because I want to retire before my kids finish college, and if I'm lucky, before my oldest even starts college.
by SCV_Lawyer
Fri Feb 01, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27392

Re: Cost of college and 529

We assume the cost to be $250k for 4 years, times two kids, 10 and 13, and assume 5% inflation. We currently have $200k saved, will add $26k this year to 529s, and will increase that a bit every year thereafter through graduation. We assume we will pay $750k total in tomorrow's dollars. I think you...
by SCV_Lawyer
Thu Jan 31, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27392

Re: Cost of college and 529

We assume the cost to be $250k for 4 years, times two kids, 10 and 13, and assume 5% inflation. We currently have $200k saved, will add $26k this year to 529s, and will increase that a bit every year thereafter through graduation. We assume we will pay $750k total in tomorrow's dollars.
by SCV_Lawyer
Mon Aug 20, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5751

Re: How much do you put away in investments?

Camarillo Brillo wrote:
Mon Aug 20, 2018 2:28 pm
Save $500K/year in combo of tax deferred and taxed amounts on gross income of $900K (56%).
Similar. $440K on $925K. Taxes are high in the Golden State. AT income is $585K. $145K in expenses. So 48% of gross and 75% of net.
by SCV_Lawyer
Thu Apr 19, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 37061

Re: How old are you and how much do you save for retirement a year

49 years old.

401K/KEOGH: $55K
Cash Balance: $34K
BD Roth: $5.5K
HSA: $7K
529: $22K
Taxable: $312K

Total: ~$435K
by SCV_Lawyer
Mon Apr 09, 2018 12:16 am
Forum: Personal Investments
Topic: International Small Cap Quick Question
Replies: 22
Views: 2351

Re: International Small Cap Quick Question

I love VSS/VFSVX. There is not another fund like it in existence, let alone at the price. We have 30% of equities/60% of international in VSS/VFSVX. It is our largest single fund holding of any kind, by a pretty good margin, because most of our other asset classes are split between different funds ...
by SCV_Lawyer
Fri Apr 06, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 8813

Re: Your Monthly Cost of Living

1. Housing (mortgage interest, prop taxes, fire/EQ insurance, HOA, utilities/cable/phone/internet, pool guy & gardener, garbage removal): $2,160 2. Transportation (car insurance, gas & registration for 3 vehicles & camper, plus camper storage): $985 3. Groceries (food, sundries, drug store): $1,850 ...
by SCV_Lawyer
Wed Mar 28, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 18638

Re: Healthy eaters -- is this grocery budget normal to you?

We also like to eat very healthy, and our monthly "grocery" bill is $1850 for four of us. I put it in quotes because it is more than just food. It includes everything we spend at a grocery store (so includes non-food consumables and occasional purchases of food storage, utensils, etc.), everything w...
by SCV_Lawyer
Tue Mar 27, 2018 7:22 am
Forum: Personal Investments
Topic: Updated Situation, looking for feedback
Replies: 11
Views: 1312

Re: Updated Situation, looking for feedback

A married couple with no other income can convert up to about 91,000 and stay in the 12% brkt this year. Any other income(pensions, dividends, interest, W_2 income) will reduce the amount you can convert and stay in the 12% tax brkt. Dan One correction. $101,400 is the max not $91,000. $101,400 - $...
by SCV_Lawyer
Mon Mar 05, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting: Is "saving" for future large expenses classified as savings?
Replies: 35
Views: 1932

Re: Budgeting: Is "saving" for future large expenses classified as savings?

I don't have a written budget but one thing that I have done for years is that I keep a very simple spreadsheet where I track my net worth each year on January 1st. This helps me see the progress each year, if you are not already doing that it would be good to start doing that. Pretty much everythi...
by SCV_Lawyer
Sun Feb 18, 2018 2:30 pm
Forum: Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 9441

Re: Sell me on the benefits of an emergency fund

Let's assume that your assumption about yourself is correct, it makes you not a normal person. My wife tells me that all the time...maybe she is on to something. :D But in all seriousness, my only point is that if you consciously elected not to have an EF because you knew that you had other sources...
by SCV_Lawyer
Sun Feb 18, 2018 1:38 pm
Forum: Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 9441

Re: Sell me on the benefits of an emergency fund

You just need access to capital, and it doesn't need to be cash or bonds either. As livesoft has explained several times, even if your taxable account is 100% equities that are down at the time, that is OK as long as there are bonds in your qualified plans. Sell the equities in your taxable, and at...
by SCV_Lawyer
Sun Feb 18, 2018 10:41 am
Forum: Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 9441

Re: Sell me on the benefits of an emergency fund

You just need access to capital, and it doesn't need to be cash or bonds either. As livesoft has explained several times, even if your taxable account is 100% equities that are down at the time, that is OK as long as there are bonds in your qualified plans. Sell the equities in your taxable, and at ...
by SCV_Lawyer
Fri Feb 16, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Share your favorite excel speadsheet
Replies: 7
Views: 2086

Re: Share your favorite excel speadsheet

My own personal retirement model, because it is customized precisely for our life. But second is #cruncher's TIPS ladder spreadsheet. Very helpful in building a ladder and not over-buying TIPS in the earlier rungs.
by SCV_Lawyer
Thu Feb 15, 2018 1:43 am
Forum: Personal Investments
Topic: Planning Using Nominal or Real Return
Replies: 13
Views: 1122

Re: Planning Using Nominal or Real Return

My Excel model uses nominal. I do this for a couple of reasons. First, my spreadsheet includes the paydown of my mortgage. If I calculated all figures on a real basis, then I would have to "reduce" my mortgage balance by the inflation rate each year, which complicates the modeling of my planned extr...
by SCV_Lawyer
Sat Feb 10, 2018 5:19 pm
Forum: Personal Investments
Topic: Anybody hit their rebalance bands?
Replies: 27
Views: 3156

Re: Anybody hit their rebalance bands?

It's not that surprising that people aren't hitting rebalancing bands yet. For a 50/50 portfolio, assuming bonds stay flat, stocks would have to decrease by 18% (our increase by 22%) to cross one of the bands. A little more for 70/30, which would be a 20% decrease or 29% increase. And if one is allo...
by SCV_Lawyer
Fri Feb 09, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX Cause of Further Selling?
Replies: 15
Views: 2073

Inverse VIX Cause of Further Selling?

I don't read or listen to Cramer much, but I succumbed to the click-bait this time and thought his theory was at least interesting, yet not really provable. He believes that the continued sell-off, despite good economic fundamentals, is being caused by inverse VIX investors having to raise cash (by ...
by SCV_Lawyer
Mon Jan 22, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 37
Views: 5593

Re: "Congress put its stamp of approval on [backdoor Roth]" - Forbes

So why don't they just explicitly remove the income restriction? That would actually allow more Roth contributions than are practical today from those (like my DW) that have relatively large pre-tax tIRAs from rollovers from prior jobs. Although permitted, the tax ramifications of a backdoor Roth m...
by SCV_Lawyer
Sat Jan 20, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: What's your annual cost of living (expenses)?
Replies: 40
Views: 4775

Re: What's your annual cost of living (expenses)?

$150K
Married
2 kids
VHCOL (165 COL index on AreaVibes.com)
by SCV_Lawyer
Sat Jan 20, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 111
Views: 11416

Re: Post Your Morningstar Box Style

SCV_Lawyer wrote:
Sat Jan 20, 2018 11:21 am
17 17 17
10 09 07
12 09 03
I take some comfort in that I am very close to the styles of livesoft!
by SCV_Lawyer
Sat Jan 20, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 111
Views: 11416

Re: Post Your Morningstar Box Style

17 17 17
10 09 07
12 09 03
by SCV_Lawyer
Sun Jan 14, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: New TIPS vs Old TIPS
Replies: 4
Views: 732

New TIPS vs Old TIPS

I am planning to build a TIPS ladder to bridge the years after retirement and before SS kicks in (likely delay until 70). I am using the #cruncher spreadsheet, which is a great tool. For all maturity years from now through 2029, there are 2 or 3 TIPS one can choose for each rung of the ladder. Diffe...
by SCV_Lawyer
Fri Jan 12, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 6526

Re: Is this solar panel bid reasonable?

mervinj7 wrote:
Fri Jan 12, 2018 4:22 pm
Sounds cool. We were planning on doing something similar in 4-5 years when the roof needs to be replaced. Who did you go with for the panels and installation?
I sent you a PM.
by SCV_Lawyer
Fri Jan 12, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 6526

Re: Is this solar panel bid reasonable?

To answer these good questions: Unfortunately yes I use a significant amount of electricity. I have been trying to cut down on consumption with LEDs / low thermostats this past year. Has helped some but lots of windows in house (modern style). Last month 1670 kWh / cost $183. Xcel policy is net met...
by SCV_Lawyer
Fri Jan 12, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 6526

Re: Is this solar panel bid reasonable?

Also, you're not considering the advantage of having some energy independence. Having a way to generate your own electricity, especially coupled with battery storage, means you can function off grid in the event of power outages. With climate change causing more and more unpredictable bad weather l...
by SCV_Lawyer
Fri Jan 12, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 6526

Re: Is this solar panel bid reasonable?

I don't know prices in CO, but in CA, those quotes would seem high. We just put on 9kW of solar (27 LG panels @ 335W) with microinverters. Total cost was $27,400 before tax credit. And we had a more complicated roof design. We have Spanish "S-tiles." Rather than having the modules installed above th...
by SCV_Lawyer
Tue Jan 09, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Pre-Medicare Health Expenses and Savings Multiple
Replies: 9
Views: 932

Re: Pre-Medicare Health Expenses and Savings Multiple

It is important to realize that health insurance premiums rise significantly with age. Often around 50 or 55 there are large bumps. ACA compresses the age-related premium differences to a max of 3X (my understanding is actuarial cost range is more like 5X). Fair point. I think I will go on ehealthi...