Search found 63 matches

by mark39
Tue Jan 21, 2020 8:06 pm
Forum: Investing - Theory, News & General
Topic: How overvalued is this current market anyway?
Replies: 76
Views: 7243

Re: How overvalued is this current market anyway?

I think about this a lot. Like Robert Shiller and some others would say, "the very idea of a bubble is that you don't know it exists." I'm paraphrasing there but that's the idea and it is true. Sure there are always people who are always predicting things that come to be true. But nobody knows. I've...
by mark39
Mon Jan 20, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 15179

Re: Why retire?

[quote=atlblaze post_id=4963279 time=1579395189 user_id=155235 I'm 31 now. I've been at my job for around 10 years. There's aspects of it that I love, and many would consider it a "dream job" -- but it's also a grind.... and parts of it I hate. I cant' imagine doing this for another 34ish years (whe...
by mark39
Sat Nov 09, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 8282

Re: Do you charge your employer for the time that you spend working on your off days?

OP, how reasonable is your boss? The three jobs I've had over the past 15 years have not had reasonable bosses. My current boss told me "I don't care about work-life balance and I don't care about feelings?" And I've risen kind of far over the years taking a promotion on my second and third jobs. Ma...
by mark39
Sat Nov 09, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 8282

Re: Do you charge your employer for the time that you spend working on your off days?

These are my observations from a similar situation. Keep in mind I haven’t figured much out yet. Exempt supervisor im a 24 hour operation. There are three people above me still (managers). All paperwork signed and verbally confirmed states 40 hours a week is required minimum. I have an office issued...
by mark39
Thu Nov 07, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

VictoriaF wrote:
Thu Nov 07, 2019 5:00 pm
VictoriaF wrote:
Thu Nov 07, 2019 4:59 pm
protagonist wrote:
Wed Nov 06, 2019 11:39 pm
I find this a good source for NY culture on the cheap. https://theskint.com/
Thank you, protagonist. I will check it out when I come to NYC for my comedy classes.

Victoria
Another one for you
https://thoughtgallery.org/
by mark39
Thu Nov 07, 2019 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1702

Re: Should be I be investing anything in my current situation?

I am also a proponent of paying off the debt first. At the same time the best thing you can do is concentrate on improving your ability to earn a good income. Getting your foot in the door and working your way up, internships, online classes, school, etc. whatever you can do. You are your number one...
by mark39
Wed Nov 06, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

Thank you for the informative post. I certainly have considered NJ and the boroughs for living but I have pretty much rules that out. The main reason is I have a very chaotic work schedule that requires being available at all times. I never takes taxis/Uber’s with the exception of when my elderly mo...
by mark39
Tue Nov 05, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

$122k in Manhattan does sound miserable. Yes there are plenty of people who live there on less. Would you like to live with many roommates, or in awful housing, not being able to afford many of the things the city offers? Will you starve? No, but it will be a pretty crappy experience IMO. It’s fine...
by mark39
Sun Nov 03, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 12236

Re: New Job, Depressed, Money issues

I was in a similar situation a few years ago. I was at just about the lowest point a person could be. I started a new job and felt completely lost with virtually no hope I could make it. Nobody would listen to me when I told them how I could not do the job. Everyone just took the psititive route and...
by mark39
Sun Nov 03, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

So, I've been here 9-1/2 months so I thought I'd update the financial situation. Estimated Monthly Expenses: Rent - $2700 Cell, Internet, Electric- $300 Food- $600-$700-ish Unlimited MetroCard- $127 Entertainment/Misc- $600 (this varies both ways quite a bit but that is about average. I was able to ...
by mark39
Fri Oct 04, 2019 2:36 pm
Forum: Personal Investments
Topic: Commission free dividend stock portfolio
Replies: 15
Views: 1409

Re: Commission free dividend stock portfolio

I've had to fight this urge myself over the years. The way I keep myself from going the dividend route is to come back here and read the many threads about total return mattering more (which includes dividends) and remembering how the stock price adjusts when dividends are paid. I don't think there ...
by mark39
Sat Sep 28, 2019 7:51 pm
Forum: Personal Investments
Topic: Threw me a curve [unexpected layoff]
Replies: 36
Views: 6055

Re: Threw me a curve [unexpected layoff]

I can't add anything earth shattering but my mom went thru the same thing in 2012 at age 62. A big difference is she was forced to retire which meant she received health insurance through a megacorp. Health insurance is not optional, in my opinion. She had around $300k in her 401k that she hasn't to...
by mark39
Sat Sep 28, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

That doesn't sound like a good environment to be in, at least for the long run. Perhaps you can find something better. I'm very lucky to have as much time off as I do but consider myself even luckier that I look forward to going to work on the days that I must. While not everyone may end up finding...
by mark39
Sat Sep 28, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Okay, I see now. Sorry, I just didn't understand and wasn't implying you were being dishonest. Thanks for clearing that up. I overlooked a couple things in your original post. By the way, I'm extremely jealous. My boss berates us and thinks nothing less than 50 hours a week is acceptable. Not a teac...
by mark39
Sat Sep 28, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I’m not sure I understand. If nothing were contributed to pretax retirement plans, my take-home pay would increase and the percentage of take-home pay going toward housing would decrease. However, my taxes would go up and the amount I’m savings would go down (a lot). I’m married, have three people ...
by mark39
Sat Sep 28, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I don't understand what you are attempting to point out....Sorry. If he takes home around $3k biweekly then housing alone is around 50% of his net pay each month. A little less if he is paid biweekly because of the two extra paychecks a year.That's just housing costs and also assumes nothing is con...
by mark39
Sat Sep 28, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Right, I just don't see how this is possible. When you sort through all the details, which were clearly written in the original post, it still comes down to what you take hame versus what you spend. If nothing was contributed to pretax retirement plans housing alone would still be 50% of take home p...
by mark39
Sat Sep 28, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

OP, Apologize for not reading this entire thread and not doing the math myself, but what is your actual take home pay? I must be missing something. I live in NYC, make just a bit more and have been trying to wrap my head around the cost of living here compared to my lower COLA previously. I thought...
by mark39
Sat Sep 28, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15998

Re: I feel guilty spending my money!

I have the problem so am interested in hearing what everyone has to say. It's tough, very tough, to deal with this on a day to day, even minute to minute, basis.In my experience therapy does not help. That doesn't mean I don't recommend it but that is my experience. I also think it is very interesti...
by mark39
Sat Sep 28, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32324

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

OP, Apologize for not reading this entire thread and not doing the math myself, but what is your actual take home pay? I must be missing something. I live in NYC, make just a bit more and have been trying to wrap my head around the cost of living here compared to my lower COLA previously. I thought ...
by mark39
Sat Sep 28, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 213
Views: 38626

Re: Cash - Throw it all on the table!!!

42 y/o single guy who hates his job. I have a love/hate relationship with cash. Sleeping well and having cash available when markets tank versus losing money over time with inflation and the opportunity cost. I worry abut really bad things happening so I've kept a decent amount of cash over the past...
by mark39
Sun Sep 08, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage Calculation
Replies: 51
Views: 3377

Re: Savings Percentage Calculation

Savings vs net income for us - it takes the taxes out of the equation and makes it more valuable to compare to our retirement goals. Interesting, this seems to artificially inflate the rate of savings. My view on taxes is that they are an expense, no different than insurance, food, etc. Like you sa...
by mark39
Mon Aug 19, 2019 2:41 am
Forum: Personal Investments
Topic: investing strategy
Replies: 4
Views: 724

Re: investing strategy

1) Are you both debt free? If you are, congratulations! 2) Do you live in a high COLA? Portfolio allocations can be a personal matter to some degree. For me at least, I would have something in a total bond market fund. Even if it's as low as 10% and then adjust as you age.100% equities in a period o...
by mark39
Mon Jun 17, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 21242

Re: Paying for rent is throwing away money...myth?

I've been having this argument with people for several years. In one of Robert Shiller's books (forget which one) he went over this and his studies showed that from a purely financial perspective, renting was the better option. Now, one of my financial mentors used to always say buying a house is fi...
by mark39
Tue Feb 19, 2019 8:30 pm
Forum: Personal Investments
Topic: 457 Plan Advice
Replies: 5
Views: 457

Re: 457 Plan Advice

Great, thanks everyone.
by mark39
Tue Feb 19, 2019 6:08 pm
Forum: Personal Investments
Topic: 457 Plan Advice
Replies: 5
Views: 457

457 Plan Advice

I just began a new job in a government agency and wanted everyone's take on my deferred comp options. Here are the basics: 42 y/o single; no dependents No debt Income: $122,000 pretax No additional income I have some different options: 1)pre-tax 457 or Roth 457, 2)pre-tax 401(k) or Roth 401(k). I ca...
by mark39
Tue Nov 13, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

I signed and returned the offer letter today. So barring unforeseen circumstances I will be in NYC in 2-3 months. I had kind of known I would be offered the job for the past 6-7 weeks so I had been thinking about it since that time. Expenses: Rent : I have been concentrating my search from UES down ...
by mark39
Sun Nov 11, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

I had no idea there were so many people here from NYC! The most important thing was to learn if my assumptions based on google were realistic and hearing it from people here is reassuring. Being able to save more money in absolute terms is a big deal to me. Prior to looking into this I figured makin...
by mark39
Sat Nov 10, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

Thanks everyone. I've asked a ton of people what they think but most don't have the boglehead mindset when it comes to finances. So, I really appreciate it! One last question regarding PERS, if you don't mind. There isn't a state to state transfer from OPERS to NYCERS. I have 11 years in OPERS and i...
by mark39
Sat Nov 10, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

The only thing possibly holding me back is the rent. But there are cheaper options than Manhattan, obviously. I guess there isn't much difference between a 35 minute walk and 35 minutes of walking/subway with the difference of having to build some extra time for delays that you don't encounter with ...
by mark39
Sat Nov 10, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

When I was at the potential employer for a half day I tried to treat it as much like living there as I could. I stayed in Sunnyside, Queens and really liked the neighborhood. Tree-lined streets, felt safe, walkable, etc. I had to be at the office at 7:45am so I left excessively early. Good thing bec...
by mark39
Sat Nov 10, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

I'm 41, never married and no kids. Making friends would not be an issue. Certainly not looking to "live it up" in NYC. I would generally be working 40-45 hours a week unless disasters strike which is not unheard of. Some of the things I mentioned like laundry and other stuff in apartments was just g...
by mark39
Sat Nov 10, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Re: Finances in NYC

I looked at bankrate and smart asset COL calculators. Both were helpful but the difference with bank rate is I would never consider $3,900/mo rent. So that would definitely bring down the amount and make things more comparable than the $145,000/yr salary. I'm certainly not under the delusion I won't...
by mark39
Sat Nov 10, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14171

Finances in NYC

Good Morning Everyone, I'm facing a big decision; I received a job offer in Manhattan, NY and am trying to see the financial side of the issue and since I believe everyone here from past experience I am hoping for other opinions regarding life in general with the decision. So, anything you think I s...
by mark39
Thu May 10, 2018 9:29 am
Forum: Personal Investments
Topic: Charitable Investing
Replies: 7
Views: 665

Charitable Investing

Hello Everyone, I was wondering if anyone has any advice for me about charitable investing? I would like to give to a cause I strongly believe in but I don't have a lot of money. I'm not sure of the best brokerage to go through because of the minimums required of anywhere between $5,000-$25000. I ba...
by mark39
Thu Nov 30, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I think many are to worried about retiring early. Why not enjoy the work you do and enjoy life along the way. Web sites like Mr. MM talk about how they retired early and live on 25-30k a year. Who would want to live so frugal at a retiremnt age in your 30-40s. Why not work longer and live the same ...
by mark39
Wed Nov 29, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I just happened to listen to a " ChooseFI " podcast on my way to and from work today (oddly enough) where they spent a considerable amount of time talking about health care. They primarily spoke about the ACA but didn't go into too many specifics because of the differences in states so it just wasn'...
by mark39
Wed Nov 29, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I agree that FIRE people tend to not take into account the number of things that can happen to them financially or personally. Everyone I can think of has had some surprises happen that they probably never thought would happen. Like someone else already said, there are health care costs that can sin...
by mark39
Tue Nov 28, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I've been mulling over this problem for several years. Health care seems to be the single biggest unknown for my wife and I, who are hoping to "semi-retire" (MMM-style) when I hit 50 in a couple years. We're lucky to have enjoyable careers where stepping in/out of the workforce is easy, but we woul...
by mark39
Tue Nov 28, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

Healthcare and health insurance in the U.S. are not predictable for those who have no place to get reliable health insurance. Hopefully this will change in the future. In fact, those people who talk about medical tourism miss the critical point. Most FIRE people should be able to pay for routine me...
by mark39
Tue Nov 28, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I've been mulling over this problem for several years. Health care seems to be the single biggest unknown for my wife and I, who are hoping to "semi-retire" (MMM-style) when I hit 50 in a couple years. We're lucky to have enjoyable careers where stepping in/out of the workforce is easy, but we woul...
by mark39
Tue Nov 28, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

lostdog wrote:
Tue Nov 28, 2017 5:52 pm
A ton of blogs on FI now because of the 10 year bull run. They rarely talk about health insurance. When the bear market hits I wonder how many of those blogs will stick around.
I wonder the same thing.
by mark39
Tue Nov 28, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

The primary difference between the two groups is in level of expenses that is considered appropriate/desirable - and the speed at which retiring is a goal. FIRE bloggers and advocates usually want to retire ASAP and embrace relatively "extreme" frugality in order to do so (and on principal); they a...
by mark39
Tue Nov 28, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

. . . . I'm just wanting to get others' opinions on these ideas and really interested in h ow people are financing health care. For those retiring early and Financially Independent. Depending on circumstance and size of portfolio. . might include the following, and more not listed: 1. Retiring with...
by mark39
Tue Nov 28, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

Re: FIRE [financial independence/retire early]

I should have been more specific. From what I can read from their websites and listening to podcasts I hear them talk about having annual expenses of $25k, for example. There is no way that I can see based on what they write/talk about that they include health care in the annual spending. So, my que...
by mark39
Tue Nov 28, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 20381

FIRE [financial independence/retire early]

I've been reading and listening to choosefi.com and have followed Mr. Money Mustache for some time now and I've always wondered what some Bogleheads think of these topics? Specifically, the ability to declare yourself "financially independent" once you have 25x your annual expenses invested in a 50/...
by mark39
Sun Apr 09, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 55694

Re: Low-earners- What is your profession?

Public sector job and make $52,600/yr living in a medium-low COLA. This won't be a popular statement but it rubs me the wrong way when people say things like "money isn't what makes you happy." Not that I think money solves all problems because it certainly does not, but don't tell me I wouldn't be ...
by mark39
Thu Dec 22, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Potential 1st Home Owner
Replies: 23
Views: 2806

Re: Potential 1st Home Owner

This mortgage is a funny deal to make you a semi-renter for the mortgage company. It is not a good deal IMO. Why buy a home if you will never own it. Why buy if you never pay off the principle and never own the home? You will have higher cost mortgage in the future when (not if) the interest rates ...
by mark39
Sun Dec 18, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Financial Stress
Replies: 38
Views: 7256

Re: Financial Stress

http://www.katinkahesselink.net/tibet/zen-stories.html << A man walking across a field encounters a tiger. He fled, the tiger chasing after him. Coming to a cliff, he caught hold of a wild vine and swung himself over the edge. The tiger sniffed at him from above.Terrified, the man looked down to wh...
by mark39
Sun Dec 18, 2016 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Financial Stress
Replies: 38
Views: 7256

Re: Financial Stress

There is nothing wrong with wanting to change things in your life and it seems you are looking for answers appropriately. That is comforting to hear. If you plug some numbers into retirement planning software, you might be surprised where you might stand financially in 20 years or more. I do this q...