Search found 95 matches

by bhough
Tue Aug 11, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1335

Re: For those that have taken a break from work... [Military to civilian career change]

I quit a job at megacorp to start my own business which died a slow death over 18 months (but was very interesting). I had no trouble getting a job when I started looking. Keep up any certifications/licenses you have. Agree with networking advice. Could you hang out with the kids and keep a part tim...
by bhough
Tue Aug 04, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: Speed up old computer
Replies: 64
Views: 3346

Re: Speed up old computer

puppy linux on a thumb drive is an elegant solution and the best one. Wiping it clean and installing ubuntu is the easiest solution. Once you do it, you won't go back. You can also make a thumb drive for ubuntu which is alot easier and for kali linux which is supposed to be for penetration, but they...
by bhough
Sat Jun 27, 2020 7:03 am
Forum: Investing - Theory, News & General
Topic: Investing vs working
Replies: 67
Views: 5274

Re: Investing vs working

See Capital by Thomas Pickett.
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by bhough
Sat May 23, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school student loan calculations
Replies: 26
Views: 1602

Re: Medical school student loan calculations

I suggest you download a 1040 from the IRS and plug in the numbers you’ll owe for fed tax, social security, FICA. Then add that to what it will cost to pay off $200,000 in 5 years. You might run those calculations for $300,000, but also for $250 and $350. For fun, plug in numbers for rent, car payme...
by bhough
Mon May 04, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6755

Re: Please help me unravel my parents mess

Stop scaring your dad! It sounds like your parents have good jobs and significant retirement assets and some retirement income (pension, social security (SS)). Will the income and a safe portfolio withdrawal rate be sufficient to cover all their expenses in retirement including taxes, healthcare an...
by bhough
Mon Apr 20, 2020 7:36 pm
Forum: Personal Consumer Issues
Topic: Growing Fruit and Vegetables
Replies: 30
Views: 1931

Re: Growing Fruit and Vegetables

Sweetpeas. Sugar snap variety. Eat them while standing in the garden. Usually have to fight the kids for them.
by bhough
Tue Apr 14, 2020 7:35 pm
Forum: Personal Investments
Topic: Input on EE bonds vs other safe vehicles
Replies: 4
Views: 566

Re: Input on EE bonds vs other safe vehicles

I vote for I bonds over EE bonds in your situation. If there is a chance you are going to need this money in the next 20 years, you get a severe penalty for taking it out of an EE bond (you only get 0.1% interest years 1-19 364/365, but then the bond doubles the next day at year 20) but only a mild ...
by bhough
Fri Apr 03, 2020 1:09 pm
Forum: Personal Investments
Topic: why is us steel (X) stock so low?
Replies: 4
Views: 408

Re: why is us steel (X) stock so low?

Increased competition, aging equipment, legacy pension liabilities. It may have “one last puff” as a value play, but probably not a good stock for buy and hold. Just my opinion-/please note I am not giving you investment advice and I have not read every inch of their last SEC submissions.
by bhough
Tue Mar 24, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Receiving dividend and feeling good
Replies: 33
Views: 2691

Re: Receiving dividend and feeling good

I'm no expert, but here is how I've solved this for myself: Dividend paying stocks held in taxable incur a tax even when you don't want them. They are deciding when you get that money. Rarely do your needs coincide exactly with the distribution patterns of a multinational corporation. It hurts to se...
by bhough
Thu Mar 19, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Actual Layoff: Just Need Some Positive Reassurances
Replies: 42
Views: 4226

Re: Actual Layoff: Just Need Some Positive Reassurances

You'll be fine financially. Psychologically, you should start looking for your next job. I couldn't discern what you do for a living, but if you can't do that anymore, start to plan for your 2nd act. Life is amazing, enjoy it.
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by bhough
Sun Feb 23, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance/Budgeting Software
Replies: 30
Views: 2275

Re: Personal Finance/Budgeting Software

I have become a little paranoid about privacy, so I went the other way. I have an Ubuntu desktop and set up a mysql database/apache server with a php/html front end for a home intranet. I have a database for bonds, post-tax stocks, 529 acts and checking. I made it so my wife can see our current bala...
by bhough
Wed Feb 12, 2020 8:19 pm
Forum: Investing - Theory, News & General
Topic: Indexing versus real estate for low income investors
Replies: 21
Views: 1630

Re: Indexing versus real estate for low income investors

Dear OP, Your math is wrong. Your denominator should be $30,000. Also, you didn't account for a sink fund for repairs. You didn't account for vacancies, you didn't account for property management (if you are doing it yourself, this is work and you should be paid for it--more importantly, if you find...
by bhough
Mon Jan 13, 2020 8:35 pm
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4171

Re: Directionless drift

One last point: When you finally have enough money to provide for you and your family for the rest of your lives, it is not like running over the finish line at a race and jumping up in relief. It is unsettling. Most people who are self-made spend most of their waking hours either working or thinkin...
by bhough
Mon Jan 13, 2020 5:02 am
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4171

Re: Directionless drift

Dear OP, There is a well recognized period in mid-life where life satisfaction goes down. Google the phrase U curve. This is universal, regardless of whether you work in tech, medicine, agriculture, etc. Regardless of whether you are supporting three generations or just yourself. The answer to your ...
by bhough
Thu Dec 19, 2019 11:03 pm
Forum: Personal Investments
Topic: Build Your Own Annuity or Pension
Replies: 14
Views: 1722

Re: Build Your Own Annuity or Pension

I think your idea is great. I’m assuming you have some money invested in stock index funds. No harm in adding in a few I bonds too.
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by bhough
Fri Nov 29, 2019 10:57 pm
Forum: Investing - Theory, News & General
Topic: How to define enough?
Replies: 73
Views: 10577

Re: How to define enough?

I add up how much it costs for my family to live quietly and safely with fresh food made at home. I add one fun trip per year and then 10%. The total is very low. I suspect you are already there. Now the harder question: what do you do when you have enough? I honestly feel people spend money to exce...
by bhough
Sun Oct 27, 2019 7:44 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 30541

Re: I’m done with index funds

Sounds like a .7% rip off to me. You have diversification problems, not tax problems. Your tax issue is a blessing. Don’t compound your diversification problem by buying individual stocks. Schedule regular sales of your stock options/stock and purchase whatever 3 fund ratio you are comfortable with....
by bhough
Thu Sep 19, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11734

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Yes, they would screw you if given the chance.

No, you may not quit the same day. Give two weeks notice. Life is long. People will remember how you left.
by bhough
Tue Sep 17, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Job Elimination - questions to ask and steps to take
Replies: 10
Views: 1627

Re: Job Elimination - questions to ask and steps to take

+1 on the staying at old job before she lines up a new one. I don’t know why HR looks more highly on the currently employed than they do on the unemployed, but that is a fact of life. Would line up a supervisor to give a good letter of recommendation before exiting building. Would move any necessary...
by bhough
Mon Sep 16, 2019 8:58 am
Forum: Personal Investments
Topic: Should I change i-bonds -> stocks?
Replies: 20
Views: 2326

Re: Should I change i-bonds -> stocks?

I bonds are very easy to redeem. You get your money in less than a week. I bonds are tax deferred. You don’t pay tax until you redeem them. That is why you bought them initially. Is this a period in your life where you’ll have a low tax burden this year? If not, what about just not buying more and s...
by bhough
Sun Sep 08, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: When to give notice
Replies: 29
Views: 4068

Re: When to give notice

I would only give two weeks notice. I would give notice only after you have already moved anything of value to you out of your office and off of your computer. (desktop and laptop). Everyone is replaceable. You will be seen as an enemy/spy in their midst if you are going to a competitor and they don...
by bhough
Sun Jul 28, 2019 9:56 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 20771

Re: Laid Off - Want to Retire / Am I OK

OP, You can retire financially. Take 3 months off. Do all the golfing/travelling/sleeping in late that you want to. After 3 months, you will need something to do. You don't have to think about it now. But I would recommend sometime during those 3 months you think about doing something during the day...
by bhough
Thu May 02, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of home buying with all cash - need guidance
Replies: 19
Views: 2380

Re: Thinking of home buying with all cash - need guidance

One non-obvious reason to get a loan is that the bank's loan department vets the property and makes sure you aren't doing anything dumb (like buying a house in a flood zone, or with a horrible foundation, or paying more than what it is worth). It is like having a partner check your work. Ditto the r...
by bhough
Thu May 02, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3715

Re: Dumb idea? [buy a condo to rent]

Reasons not to do this: 1. Onsite professional management does not mean your place won't get torn up. It means that there will be someone there to call the general contractor to fix the damage. 2. You have no control over what the condo association does. It can decide it wants to redo the roof even ...
by bhough
Wed Apr 03, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being silly (too cheap) to not buy a new minivan?
Replies: 23
Views: 1900

Re: Am I being silly (too cheap) to not buy a new minivan?

Buy it. You are doing a great job with your savings.
by bhough
Sun Mar 31, 2019 10:22 pm
Forum: Personal Investments
Topic: TIPS, I bonds, or taxable portfolio to get from 41 to 59.5
Replies: 11
Views: 1474

Re: TIPS, I bonds, or taxable portfolio to get from 41 to 59.5

My two cents: You will get bored if you stop working at 41. Plan on working. But also, put $10,000/year in I bonds and put the rest in whatever asset allocation works for you (at 31, if you are plowing 10k/year in I-bonds, it is very reasonable to put the remainder in a low cost index fund from Vang...
by bhough
Wed Feb 27, 2019 7:46 am
Forum: Personal Investments
Topic: Should I sell I-bonds to get 6.75% [in Pakistan bonds?]
Replies: 40
Views: 3728

Re: Should I sell I-bonds to get 6.75%

You are comparing apples and oranges.

If you want a higher return with more risk (and a small tax hit now), do it.

If your I-bond purchases were primarily for safety, liquidity, deferred taxation, inflation/deflation protection, keep the I-bonds.

I'd keep the I-bonds.
b
by bhough
Thu Feb 14, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to hold 6 month emergency fund?
Replies: 8
Views: 1171

Re: Best place to hold 6 month emergency fund?

There will be some dissenters to this suggestion, but here it goes: You can buy I-bonds which work great as an emergency fund, except you can't sell them for the first year. The composite rate is 2.83%. If you sell them before 5 years, you forfeit 6 months of interest. In an inflationary environment...
by bhough
Thu Feb 14, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: A different kind of midlife crisis
Replies: 60
Views: 7593

Re: A different kind of midlife crisis

I left megacorp to start my own related business. I had 2 years of living expenses in the bank and had leased an office space, started the website, started a business checking account, lined up what I thought was a large account for the business before I left. About 18 months later, the business was...
by bhough
Tue Feb 12, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: 457(b) Plans: Any Downsides?
Replies: 23
Views: 2069

Re: 457(b) Plans: Any Downsides?

Would also be careful to read the fine print on the 457(b). On termination from the company (whether it was your decision or their decision), they keep that money for several months. So don't view this as an emergency fund, because it won't be there for an emergency. Agree with the idea that one can...
by bhough
Tue Feb 12, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: separate computers for specific purposes--how many and for what?
Replies: 35
Views: 3022

Re: separate computers for specific purposes--how many and for what?

I have a mac desktop that is connected to a backup hard drive. I use that for financial stuff and to backup family photos and videos. I've recently installed linux on a laptop and a 2nd desktop just because I'm interested in learning about it. I don't have any data to support this, but it seems to m...
by bhough
Wed Jan 30, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Need 2nd opinion: CPA seems to be filing 940 incorrectly
Replies: 4
Views: 530

Re: Need 2nd opinion: CPA seems to be filing 940 incorrectly

Obviously, you are right given your IRS reference. However, does it matter, if it doesn’t change the FUTA amount and he did the SS/FICA firm correctly?

I admit it seems sloppy, but if you like him otherwise, this is something I could overlook.
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by bhough
Mon Oct 15, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 350
Views: 65875

Re: New HSA provider Lively offers investments for $30/yr fee

Personal experience here regarding something mentioned above about withdrawing from Lively. I opened an account with them last year after leaving megacorp. I started a small business and wanted to roll over and fund an HSA. My plan with HSA was not to use the money and use it to extend my pre-tax sp...
by bhough
Wed Sep 12, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 48
Views: 7860

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

Dear OP, Similar thing happened to me 11 months ago. Wasn't laid off, but company was in decline and I was being asked to do 200% of what was reasonable each day, so I quit. Got 12 weeks severance. Similar finances, similar family situation. I decided to try to start my own business to stay in my ho...
by bhough
Thu Sep 06, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 6209

Re: To Be or Not to Be...Married

OP,
I understand why you’d want to “run the numbers” about getting married, but I’d like to encourage you to go ahead and do it regardless of the numbers. I love being married and it gives you benefits you don’t realize.
Congratulations.
B
by bhough
Thu Aug 09, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: QUESTION ANSWERED - House I paid 157k in 2007 sold for 55k in 2018
Replies: 25
Views: 2973

Re: House I paid 157k in 2007 sold for 55k in 2018 - CPA saying I will owe capital gains tax

I'm not a CPA, but when I take depreciation on my single family rental houses, I can depreciate only the property, not the land. Land does not depreciate or wear out. It can certainly go down in value though. Additionally, depreciation has varying timelines. One can appreciate a refrigerator over 5 ...
by bhough
Thu Aug 02, 2018 9:31 pm
Forum: Personal Investments
Topic: Unexpected early retirement - requesting advice
Replies: 56
Views: 7542

Re: Unexpected early retirement - requesting advice

Dear OP, I'm sorry about your health problems. Here are my thoughts: 1) Can I retire? Yes 2) Should I rebalance? No 3) How should I answer what do you do? For the first year, say that you are taking a mid-life sabbatical. By the end of that year, I suspect that you'll have time to figure out what yo...
by bhough
Thu May 31, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 35612

Re: Have $3m at 33, "approach to career" advice needed

Dear OP, You are no longer working for money. You will now be working for joy or meaning. Don't confuse the two. When you work for money, you have to tolerate things that are irritating, but because people have to tolerate them, they tend to stay in jobs and careers and advance. When one has unlimit...
by bhough
Thu May 10, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: yet another should I change jobs question
Replies: 12
Views: 1512

Re: yet another should I change jobs question

Dear Friend, I didn't read any of the other replies, but here is mine. You should give two weeks notice and quit. No more than two weeks. You should also buy and read The Hard Thing About Hard Things by Ben Horowitz to understand what good management looks like. You aren't in a company with good man...
by bhough
Thu Feb 01, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a backyard?
Replies: 35
Views: 4042

Re: How much to spend on a backyard?

Up to 10% wealth you don't need to live off of. If you have paid off your mortgage, are planning to leave there 30-40 more years and have 25X your living expenses saved, you may spend 10% off the extra on landscaping. Or a watch. Or a car. Or an expensive toupee. But no more. If you are still workin...
by bhough
Fri Jan 19, 2018 4:01 pm
Forum: Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 5285

Re: Lost Job. Retirement/Portfolio Advice

I was a little worried about you until I got to the 3.5 million part. If your monthly expenses are $3880, you are done working if you want to. I'd seriously consider a TIPS or CD ladder for income and would sell some of your stock, but I am on the conservative side. Personally, I think you should co...
by bhough
Thu Jan 11, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: What career related challenges can one pursue after age 40?
Replies: 13
Views: 2061

Re: What career related challenges can one pursue after age 40?

Had very similar feelings for the past several years. Couldn't figure out if it was my job or just my employer. Wife wouldn't let me move as all of our family is here/near. She did let me quit and start my own company. Pay is MUCH less, but I am so much happier and healthier. It is tangentially rela...
by bhough
Wed Dec 27, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 4029

Re: Would you sign a non-compete for a side-gig consulting agreement?

North America is the geography of the non-compete? No thanks. Stop helping them.
by bhough
Mon Dec 18, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Single Purpose Device- Waffle Iron
Replies: 27
Views: 3035

Re: Single Purpose Device- Waffle Iron

I have a friend who makes "falafel waffles". Loves falafel, but doesn't like deep-frying.
by bhough
Mon Dec 18, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a Job Change
Replies: 17
Views: 1501

Re: Considering a Job Change

Agree you should "make hay while the sun is shining. If you want autonomy and variety, start your own start-up on the side on your 3 days off.
by bhough
Mon Dec 18, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 104
Views: 30101

Re: Tracking progress to $1M portfolio and no mortgage by 40

You are strong. Thanks for the motivation.
by bhough
Sun Dec 10, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: John T. Reed (real estate) reading suggestions
Replies: 6
Views: 1185

Re: John T. Reed (real estate) reading suggestions

I've bought 4-5 of his books. He is an original thinker and one of the only people I've read who has advocated "reasonable expectations". He is self-published, so they are no fancy graphics or hardcover editions, but you will get alot of practical advice from a smart person that in my opinion was wo...