Search found 170 matches

by multiham
Sat Aug 18, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 71
Views: 6456

Re: Edward Jones rep door knocking

Also, I believe you are using a logical fallacy known as a "False Dichotomy", proposing it's an either/or. You did that here: isn't it better to be invested in a high expense ratio investment than continuing their trend of not investing? source (see number 4): https://thebestschools.org/magazine/15...
by multiham
Sat Aug 18, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 71
Views: 6456

Re: Edward Jones rep door knocking

There are appropriate instances for using advisors including EJ. Very uncharitable to castigate an entire profession and company based on biases grounded in limited personal experiences or attachment to DIY. Totally agree even though I personally don't use anyone to invest my $. While EJ is not for...
by multiham
Sat Aug 18, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 71
Views: 6456

Re: Edward Jones rep door knocking

I would like to ask a question without getting roasted over a fire. If you belong to this forum you are usually pretty knowledgable on investments and the importance of saving. I continuously read on here that Edward Jones is basically evil and that 99% of people don't need to have a financial advis...
by multiham
Sat Aug 18, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: 529 accounts - overfunded?
Replies: 4
Views: 552

Re: 529 accounts - overfunded?

I don't believe you are overfunding. Even if we eliminate private schools, your children may still be interested in an out of state public university. We live in PA and my oldest is looking at going to school in the SouthEast. The average cost of the Public Universities he is looking at (Clemson, Un...
by multiham
Fri Aug 17, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 79
Views: 3821

Re: physics/math major looking for programmer/analyst job?

While I agree that data scientist is a hot field right now, please don't think a couple of Coursera courses in Tableau/Power B-I are going to get you a job at a mega-corp. Where I work, the data scientists all have advanced degrees, strong skills in Statistics, strong business skills, and the abilit...
by multiham
Thu Aug 02, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5251

Re: ACT test - got 34, try for 36?

Stop the madness! We are going through this process right now as I’m writing this at a hotel near Clemson. Do your research on the schools your son/daughter is interested in attending. Each schools website will tell you if they super-score the SAT (most do), the ACT (most don’t) and typically what t...
by multiham
Sun Jul 15, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Kitchen Remodel
Replies: 23
Views: 1866

Re: Kitchen Remodel

DW and I like to cook at home. Decide to remodel the kitchen. We will replace the electric range to nature gas range (Wolf Viking or La Couner), add powerful hood, replace dishwasher to Bosch. Add a subzero fridge. Will need to change the floor material and tile wall. Any recommendations? Thanks. J...
by multiham
Sat Jul 07, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4635

Re: Which advanced tech is necessary in cars?

Technology doesn't get tired or distracted or emotional. No matter how good a driver you *think* you are, you are still human. So the tech serves a legitimate purpose, even for all the naysayers on this thread. Not to mention all the drivers out there who are clearly not safe drivers, the tech save...
by multiham
Thu Jul 05, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8203

Re: Tipping at non sit down places

I'll tip $1 at places like Chipotle and Panera as long as the person at the register was friendly and competent. My son is working to save $ for his college fund and many of the people I see working are classmates of his. While I know my small tip doesn't amount to much, I'm always going to support ...
by multiham
Sun Jun 24, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Car for my grand daughter
Replies: 13
Views: 1023

Re: Car for my grand daughter

Just remember that bargain car may cause her to be stranded in some place that is not safe. Save up a little more and get her a more reliable less worn-out car or tell her she'll just have to wait a little bit longer that you don't want to put her safety at risk. In my opinion, this is great advice...
by multiham
Tue Jun 19, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4542

Re: Shorting Amazon

Is their primary market really retail? I thought they made more with AWS these days than in retail - only rivaled by MS Azure (if you don't know what I'm talking about you need learn to do some research before deciding to short a stock). My exact thoughts. Plus if you have ever tried to deal with t...
by multiham
Tue Jun 19, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8800

Re: Which Supermarket are you?

Released 4 days ago. List of shoppers favorite supermarkets. http://www.supermarketnews.com/consumer-trends/wegmans-publix-top-list-shoppers-favorite-grocery-chains 1. Wegmans 2. Publix 3. Trader Joes 4. Aldi 5. H-E-B Obviously smaller regional supermarkets wouldn't show up unless the survey was he...
by multiham
Tue Jun 19, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8800

Re: Which Supermarket are you?

Lidl opened here recently nearby. And immediately became our "go-to" store. Much better than the Aldi's which has been around for years, though, to be fair, Aldi's here is not in the best part of town. I'm so excited to hear this! We have a Lidl that's supposed to open soon--lot is cleared, road pu...
by multiham
Mon Jun 11, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Yes. I think you can do it, without even being nervous about it. So the only reason to work until 55 is to be able to buy health insurance at current employee rates? That is a great reason to work until that age and will save you a lot of money until you can get Medicare. The medical is definitely ...
by multiham
Mon Jun 11, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Have you looked at FIRECalc to see how your retirement savings would fare against historical market returns? https://www.firecalc.com/ Based on the numbers in your original post you could reasonably spend $123k per year. Thank you. I did run and it’s a hard to believe that it’s looking like I can m...
by multiham
Mon Jun 11, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Thank you everyone for your comments! I’ve learned so much on this site. I don’t know if everyone else feels the same, but it seems only yesterday that I was in college and thinking about 1st job. Now, I’m thinking about next phase of life. Just seems strange. While it’s still a couple of years away...
by multiham
Mon Jun 11, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Enough for 4 years of college at in state rates for the kids? How does moving to a new state affect this since your state of residency will change? Have put away enough for most state schools that my kids are interested in going to. Does not have to be in-state. My first is looking at the State Col...
by multiham
Sun Jun 10, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

That's a nice pension even without the COLA. I'd say your health care estimate is about right considering the state of ACA. Housing costs, kid's college (or boomerang), aging parents needing support? Looks good to me and I'm more glass half empty. The breakdown by Hornedtoad above is a good way to ...
by multiham
Sun Jun 10, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Looks great! Congratulations on your hard earned successes. 1 Would you be able to survive any "personal or financial black swans" that come your way? 2 Are you considering moving from HCOL to LCOL and/or downsizing to cut expenses? 3. Search the archives/threads for "sequence of returns risk". 4. ...
by multiham
Sun Jun 10, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

Would like to understand if the group believes I can retire in 2 years at 55 Situation $1.7 million in 401K $400,000 in Taxable Accounts Will contribute another $60,000 to 401K before retirement and additional $30,000 to taxable Pension worth $56,000 per year (NO COLA) if I start taking in 2020 and...
by multiham
Sun Jun 10, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

The largest factor is your budget and lifestyle. Do you want to sail the Caribbean or tour Europe? Do you go out to fancy restaurants or play golf everyday? Living below your means is as important as ever in retirement. Many would call my lifestyle a little boring! I definitely do not live a life o...
by multiham
Sun Jun 10, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Re: Retire in 2 years at 55 - Can I do it

House paid off? Medical insurance covered from former employer. To be safe, work extra years more even part-time with medical insurance coverage. House will be paid off. If I make 55 at the megacorp I work for, I get to buy benefits at current employee rates. This will be about 15% of the $35,000 I...
by multiham
Sun Jun 10, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3745

Retire in 2 years at 55 - Can I do it

Would like to understand if the group believes I can retire in 2 years at 55 Situation $1.7 million in 401K $400,000 in Taxable Accounts Will contribute another $60,000 to 401K before retirement and additional $30,000 to taxable Pension worth $56,000 per year (NO COLA) if I start taking in 2020 and ...
by multiham
Fri Jun 08, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3228

Re: Porsche Macan

Love your choice in cars! My experience goes all the way back to 2009 so not sure it is still relevant. Wanted a Boxster S and thought it was going to be like any other car negotiation I had ever done. I would start by offering at least 10% off sticker price and then play the game of offer/counter o...
by multiham
Fri Jun 08, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5388

Re: daughter wants a college transfer?

Ultimately, it is her decision to transfer or not. You can make suggestions, hold back funding(if you are paying), and say no, but it is her life and she will have the final say. If you have talked to her and she is still 100% into transferring, spend your energy helping her find the right school. Y...
by multiham
Sun Jun 03, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy at 55
Replies: 16
Views: 3040

Re: Investment Strategy at 55

I would be extremely careful in making these changes for 2 main reasons: 1. You don't want to be "blamed" if your suggested moves do not work out and her overall investments decline. I know the investments would probably decline at ML also, but that was her choice to go with them. 2. Some people jus...
by multiham
Sun Jun 03, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52959

Re: How much money do you want to retire?

2 million would be great. 53 years old, spouse is 50. My goal is to have the ABILITY to retire the day I hit 55. If I’m enjoying my work, I’ll stay 2 more years. If not, I’m retiring. Here is my rationale. 1. Megacorp goes through 1 or 2 layoffs per year. Had enough of that stress. 2. Have built con...
by multiham
Sun May 20, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 529

Re: Help Selling Stock to Diversify

A. Selling shares that will generate a small ($1,500) short term loss B. Selling shares that will generate a long term loss ($250) and some short term loss C. Selling shares that will generate a long term gain (I have long term shares with a cost basis ranging from $30 to $110 while the stock is se...
by multiham
Sun May 20, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 529

Re: Help Selling Stock to Diversify

If you are already over NIIT ($250k for a couple), I'd just sell a lot but definitely stay under the $479,000 threshold where the 15% cap gain changes to 20%. If you are over NIIT, you will pay 18.8% on the long term gains no matter how much you sell (if you stay under $479k). There is no financial...
by multiham
Sun May 20, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 529

Re: Help Selling Stock to Diversify

Thank you both for the help. I am going to read up on the Net Investment Tax. I have to remember to not let the tax implications make all of my decision.
by multiham
Sun May 20, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 529

Help Selling Stock to Diversify

Over the years, I have acquired stock in the company I work for. Some of the shares go back to 1990 when I first started working for them. I have always known that I shouldn't have a high percentage of my net worth in the same company that I rely on for my job. My plan is to sell some each year over...
by multiham
Fri May 11, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Dealer sold me a Certified Vehicle invloved in a prior collision
Replies: 23
Views: 3015

Re: Dealer sold me a Certified Vehicle invloved in a prior collision

My only question is who does the inspection and maintenance to have the car classified as CPO? IMHO if it is the selling dealer, their inspection of the vehicle would have uncovered that the car had been repaired. Do agree that just because a car is CPO, that does not mean it was never in an accident.
by multiham
Sat Apr 28, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: When would you replace a car?
Replies: 34
Views: 3217

Re: When would you replace a car?

You will have enough to worry about, stress over, etc with a new baby. Get a new or newer car that has all the features you are looking for. Just imagine after countless nights of not getting enough sleep, you have a day where you need to go someplace. You spend the 15 minutes getting the baby ready...
by multiham
Thu Apr 19, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 36
Views: 3975

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

Camry's had cash back and 0% interest for 60 months in March. This month Toyota is trying to move Corolla's which have $1,500 cash back and 0% financing for 60 months. If you can wait, my guess is that the cash back on Camry will happen again over the next couple of months. My local dealer told me t...
by multiham
Thu Apr 05, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Microsoft tech support scam - how to recover?
Replies: 39
Views: 5632

Re: Microsoft tech support scam - how to recover?

I used to get these calls all the time. One time I decided to play along. Got a call and it was Microsoft Tech support telling me that my computer was throwing off mad errors. Told the scammer that I did not have a computer. He told me everyone has a computer, either a laptop or a desktop and one of...
by multiham
Sun Mar 18, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Bogleheads car buying strategies with new safety technologies
Replies: 71
Views: 5541

Re: Bogleheads car buying strategies with new safety technologies

I'm a fan of technology. Just test drove a Subaru Crosstrek yesterday with the Eyesight system and Rear Automatic Braking. With all the bells and whistles. I will probably spend about $4,000 more for the car than I would for a base model with some options I want. I will continue to drive with the sa...
by multiham
Sun Mar 11, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Huge special assessment on Condo?
Replies: 60
Views: 6378

Re: Huge special assessment on Condo?

I've owned 2 condos over the years. The HOA board has always been able to tell us where the funds from projects are coming from. They should know how much is coming from reserves versus how much additional they will need to collect (if any). Also should be able to tell you how they will handle the s...
by multiham
Sun Mar 11, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 11555

Re: Ok fellow bogleheads, was the correction scary or nothing?

Well I admit that I found the dip scary. I'm 59 yo and looking to retire in the next 3 years. I had no worries during 2008, but then the number of years to retirement was greater and I was confident that I would likely recoup my losses in the next 10-15 years. Not so this close to retirement. As a ...
by multiham
Mon Mar 05, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Which car, Porsche Cayenne or Volvo XC90?
Replies: 71
Views: 6162

Re: Which car, Porsche Cayenne or Volvo XC90?

I vote for the Porsche. I've driven both and the Porsche for me was just a better driving car. Had a better feel of the road. The Volvo was nice, but it seemed to "float" through turns to me. No real feel. I like an SUV that does not have body roll when you enter a turn a little aggressively. The Po...
by multiham
Sun Mar 04, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 7292

Re: Whole House Natural Gas Generator

I do not view my whole house natural gas generator as something that will increase the value of my house. I do think there are certain people who have experienced extended power outages and if my house and another are in their consideration set, may help sway them my way. We just lost power for abou...
by multiham
Tue Feb 20, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Trade my BMW?
Replies: 45
Views: 2963

Re: Trade my BMW?

I've had great experiences with 2 BMW's, so I don't understand the bashing. Not sure what you are trying to accomplish as you are looking to trade an SUV on either a passenger car (Camry) or another SUV (4-Runner). Do you need the space and functionality of an SUV or is a car ok? The 4-Runner will n...
by multiham
Wed Feb 07, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3231

Re: what to do with patent plaques and other work awards?

Don't know your family situation, but I would keep a couple of them. My grandfather passed away when I was 5. I'm proud to own 2 things that got passed down from my grandfather to my father and than to me. One is a plaque from Western Electric when my grandfather retired. The second is his retiremen...
by multiham
Sun Feb 04, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 20187

Re: For BHs who actually like cars - what is your daily driver?

16 VW Golf R - AWD with snow tires in the winter :happy

Summer Tires rest of year and this car is a blast to drive. 4 door, easily fits 3 adults plus driver. Very stealth in Limestone Gray.
by multiham
Mon Jan 29, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 3036

Re: Buy a new car or not?

Trade it at a dealer for a brand new, leftover 17 GTi. Not a lot of them left but they're out there and I still see them for under $20k. Yah....Golf R, GT-R, STi, WRX.....if you buy one used that hasn't been modified, you're quite lucky. I know in the Subaru community, owners are expert at "returni...
by multiham
Mon Jan 29, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 3036

Re: Buy a new car or not?

Have you thought about re-programming it back to factory settings? That will take a lot of pressure off the key components of the car. Sounds like you want a new car, so I would just get it. Sounds like you can easily afford it, so get what you like. One word of caution is that you may have difficul...
by multiham
Sun Jan 28, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: How to choose a college
Replies: 67
Views: 3308

Re: How to choose a college

My opinion of College Confidential is that about 50%+ of what you read is upset students/parents posting because they either didn't get accepted to a certain school or significantly inflating what scores/grades they received. I had to stop reading it with my son (Junior in High School) as we both co...
by multiham
Sat Jan 27, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: I don't think my lady is very good at saving money, how do I handle?
Replies: 50
Views: 4162

Re: I don't think my lady is very good at saving money, how do I handle?

If this bothers you now, I suggest ending the relationship. I can't imagine this will ever work as you will scrutinize every purchase she makes and she will say that you are being cheap. Unless you are really willing and ready to change your ways, this will not end well. I'm not saying either of you...
by multiham
Sun Jan 21, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5930

Re: Discussing a 529 with your kids

Sorry if I implied my son was looking at MIT. He is not. I was just using this as an example (must have been a poor choice). I know a few people in the aerospace industry and know that an MIT degree is really valued, had no clue it was a good philosophy school.
by multiham
Sun Jan 21, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 5930

Re: Discussing a 529 with your kids

I have 1 child in high school and 1 in middle school. They both know exactly how much I am trying to save for them in the 529 plan. My oldest child understands that I'm saving a higher absolute amount for my youngest as she is 3 years behind him and costs will continue to increase. If everything wor...
by multiham
Sun Dec 31, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Checked bag to HI, worth cost and trouble?
Replies: 36
Views: 2794

Re: Checked bag to HI, worth cost and trouble?

The last thing I want to do when I go on vacation is to go shopping at Wally World. I would rather be relaxing at the beach, sightseeing, or any other pleasurable activity than shopping. You asked if the checked bag is worth the cost and trouble. I think it is the total opposite. Are you willing to ...