Search found 228 matches

by Jimmie
Tue Jan 15, 2019 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for modest early retirement in 5yrs. Questions & Feedback.
Replies: 36
Views: 2274

Re: Preparing for modest early retirement in 5yrs. Questions & Feedback.

Any thoughts on how health insurance costs are going to be funded?
by Jimmie
Tue Jan 15, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Using carry-on for traveling locally?
Replies: 13
Views: 883

Re: Using carry-on for traveling locally?

No I mean I do not have anything right now. I use gym duffel bag but problem is my clothing becomes a mess and my camera equipment is not secure. No matter what bag you choose, get some "packing cubes". You can Google it. Although, I use them all the time for all travel, others either love them or ...
by Jimmie
Tue Jan 15, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 63
Views: 6608

Re: Gas station prices and quality

I don't but do this, but many people I know patronize certain gas stations based on a credit card their company gives them. Because of this, they have no regard to price or saving their company any money.
by Jimmie
Tue Jan 15, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 156
Views: 7794

Re: Getting a Mortgage when You can Pay Cash for a House

Yeah, because paying off a mortgage and being left with no money is really gonna help when you lose your job. I wrote many times that liquidity and opportunity cost are among the most important reasons to hold a mortgage. It's safer to have a mortgage. An emergency fund is cost of doing business. B...
by Jimmie
Tue Jan 15, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 74
Views: 2423

Re: Any good reason to get a smartwatch?

For the Google Home/ Alexa, I think the biggest benefit for me is home automation. So for example, I come downstairs in the morning and with a simple 'Good Morning' my lights turn on, TV turns on and I get the current weather outside, lot of possibilities. This set up entails installing smart switc...
by Jimmie
Tue Jan 15, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing Social Security Benefits
Replies: 11
Views: 1286

Re: Maximizing Social Security Benefits

Go straight to the SSA about taxes: https://www.ssa.gov/planners/taxes.html I am in a similar boat with my GF. My age is 61 and she is 63. Without minor or dependent children being involved, I see no financial advantage to getting married, particularly since our individual financial situations are p...
by Jimmie
Fri Jan 11, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Financing home remodel
Replies: 4
Views: 451

Re: Financing home remodel

My GF and I are similar aged. We are considering a similar remodeling project, but probably "only" $25K. I am leaning toward a HELOC.
by Jimmie
Fri Jan 11, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Retirement calculator with alternate withdrawal methods?
Replies: 3
Views: 452

Re: Retirement calculator with alternate withdrawal methods?

I think withdrawal strategies are generally poor matches for real world withdrawal needs. Good point. I'm currently investigating some scenarios that include an early retirement option for either my GF or me (or both). Considering our combined assets offer us comfort no matter what, we have a commo...
by Jimmie
Fri Jan 11, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9541

Re: Did you ever "win" big?

On advice from my dad, I sold half my position every time the stock doubled. If I hadn't sold, that 4k initial investment would be worth north of 12mil today. Don't be too hard on your Dad. His advice ensured you would not lose a penny on a purely speculative play that could have gone south just as...
by Jimmie
Thu Jan 10, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2795

Re: Too many credit cards?

You always need a backup. It’s becoming more common for card banks to flag suspicious purchases. That’s great, but it also means that your card can get shut down until you call them. Bingo! Anyone who swears by one credit card and has been lucky so far has been playing Russian roulette. All it take...
by Jimmie
Tue Jan 08, 2019 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Life transition, what's next
Replies: 25
Views: 3169

Re: Life transition, what's next

On behalf of all the future posters, please include more information. For example, you say your wife pays rent with SS. How much is that?

Giving out the most information will yield the best responses. The people on this site know their stuff, are generally nice, and willing to help.
by Jimmie
Tue Jan 08, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus toward student loans or 401(k)?
Replies: 18
Views: 912

Re: Bonus toward student loans or 401(k)?

Lots of good suggestions and I congratulate you for your planning. If you are good with spreadsheets, I would set up one with all the details and play with the variables to see what scenario yields the best results. You did not mention what the interest rate is with your mortgage, so that probably w...
by Jimmie
Tue Jan 08, 2019 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Role of a HECM (Reverse Mortgage) in Retirement?
Replies: 8
Views: 513

Re: Role of a HECM (Reverse Mortgage) in Retirement?

Maybe as a last line of defense from being homeless and eating dogfood but they are still high expense products that are somewhat complicated. I believe the same thing. However, I recently read that something like 43% of all Americans have no retirement income other than what SS provides. If you ha...
by Jimmie
Tue Jan 08, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: I bought a new iPad on sale...should I have?
Replies: 38
Views: 2527

Re: I bought a new iPad on sale...should I have?

I wonder how many people struggle with paying $240 for an ipad that you will easily get 4,000+ hours of use/entertainment in 4 years but completely ignore other expenses like $100 cell phone plans, $80 meals at a restaurant, $250/night hotels, etc. I can understand why someone wouldn't want to pay ...
by Jimmie
Tue Jan 08, 2019 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate how much to contribute to 401k to reach the maximum limit by years end?
Replies: 11
Views: 670

Re: How to calculate how much to contribute to 401k to reach the maximum limit by years end?

On top of this, some employers like mine only allow whole fixed % increments so the $ amount is not always perfect. But since i get no EE match, i just put in a high % amount so the max is already done 2-3 paychecks before end of the year. Great advice. Then, you have enough time to adjust your con...
by Jimmie
Tue Jan 08, 2019 2:40 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3373

Re: master suite features for addition

Why go to the expense of two laundry rooms in one house? For the same reason as the expense of having more than one bathroom in one house: Convenience. In larger homes, the main laundry room may be quite some distance away from the master suite. Having an additional laundry room in the suite makes ...
by Jimmie
Tue Jan 08, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 39140

Re: TurboTax Prices

I don't want to sound rude but I cannot believe the time wasted on this thread on the cost of TurboTax. Got mine at Costco with $10 off. It's on sale everywhere. I do not believe it's worth saving a few dollars to get some bargain-basement deal that may or may not come back to bite you in the butt....
by Jimmie
Tue Jan 08, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3373

Re: master suite features for addition

Why go to the expense of two laundry rooms in one house? For the same reason as the expense of having more than one bathroom in one house: Convenience. In larger homes, the main laundry room may be quite some distance away from the master suite. Having an additional laundry room in the suite makes ...
by Jimmie
Mon Jan 07, 2019 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

IMHO, I would suggest sitting down together and make a savings budget. Figure out exactly how much you want save for each of the savings items: wedding, house, Roth, emergency fund, etc. Both of you have responsible plans, you just have different targets. Compromise with each other. The point of doi...
by Jimmie
Mon Jan 07, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20188

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I had the exact same thought. Did you guys go on a spending binge to furnish the new house? At some point (or points) there had to be other funds spent beyond the $500 per month shortage. To be $40,000 in debt with a consistent $500 shortage had to have started before the kids were even thought of....
by Jimmie
Sun Jan 06, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2374

Re: How often do you deep clean?

unclescrooge wrote:
Sun Jan 06, 2019 1:38 pm
My toddler often throws his sandwich on the floor if it's not up to his exacting sandwiches. It goes right back on his plate, even if the dog sniffed it.
How can you expect your toddler to eat a sandwich that the dog won't even eat? :confused
by Jimmie
Sun Jan 06, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 4887

Re: Social Security question hindsight

Bogleheads isn't representative of the population as a whole. Most people start collecting Social Security because they have to. The bottom 80% don't have the option. The minute something happens where they can't work, they don't have the accumulated wealth to bridge themselves to age 70. As define...
by Jimmie
Sun Jan 06, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20188

Re: $40,000 in debt, bankruptcy seems to be the best option right now

IMHO, The OP's biggest problem is income-related, not expense-related. The house is too expensive for his family's income, but that is nearly impossible to get out from under at this point. Plus, the house inherently has its expenses - like it or not. It's noble to try to cut a $100 water bill down ...
by Jimmie
Sun Jan 06, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Carryon for 7-day FL vacation?
Replies: 63
Views: 2577

Re: Carryon for 7-day FL vacation?

TSA will open your checked bags if they feel like it - thus the notion of "TSA locks." I have had notes left in my checked bags saying "TSA was here", or something to that effect. But as a practical matter, TSA will usually not open your carry-on or your checked bag unless they are doing random che...
by Jimmie
Fri Jan 04, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Recommend men's undershirts
Replies: 49
Views: 3498

Re: Recommend men's undershirts

Myopic squirrel wrote:
Fri Jan 04, 2019 10:21 pm
Less than satisfied with past iteration of Jockey, Fruit of the Loom, Hanes, and (gasp) even Costco (talk about a 1st World problem!)
What's left? :oops:
by Jimmie
Fri Jan 04, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3373

Re: master suite features for addition

We used 36 inch doors in our addition. good for handicap access although we have no need for it now. +1 Although needs are not immediate now, handicap access is in the plans for our remodel. All it takes in many cases is additional width to doors and openings. Better to do it upfront. Hard (or impo...
by Jimmie
Fri Jan 04, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3373

Re: master suite features for addition

I walked into our home as the plumber was roughing in the shower. He was just getting to this and I had him raise it higher than normal as we are both fairly tall too. Had you been too late, you still could have fixed the issue. They make decent looking "S" shaped shower pipes that will essentially...
by Jimmie
Fri Jan 04, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3373

Re: master suite features for addition

We are planning a similar project. In the bathroom, all I really want to add is a HEATED ceramic floor and a towel warming bar. I like the idea of keeping the toilet separate from everything else, if that is possible. I also like making the walk-in shower at least 5 feet square with a tiled bench. S...
by Jimmie
Fri Jan 04, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Gift Ideas for wife
Replies: 76
Views: 5492

Re: Gift Ideas for wife

My GF and I purchase whatever we want (and sometimes, even the things we NEED) throughout the year and are thankful for that fortunate position in life. Consequently, we have an unwritten rule against gifts, especially trinkets that end up as clutter. I agree with everybody else who recommended "exp...
by Jimmie
Thu Jan 03, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Leasing a car
Replies: 27
Views: 2712

Re: Leasing a car

One advantage of leasing over buying becomes realistic after retirement: taking advantage of low-cost, low mileage offers. If you read the small print on those leases for cars on TV commercials, they include mileage figures that are not attainable for most people who drive average distances to work....
by Jimmie
Thu Jan 03, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Snow Plowing
Replies: 54
Views: 2498

Re: Snow Plowing

We pay $190 a season for a straight and relatively short driveway in NE Ohio. Although I have entertained purchasing a snow blower, there is one problem with that strategy. During a snowy, 24 hour period, you need to get up early, plow the driveway, then go to work. With snow falling all day long, y...
by Jimmie
Sun Aug 26, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: 28 year's old with no retirement savings.
Replies: 31
Views: 3396

Re: 28 year's old with no retirement savings.

By "catch-up", I believe the OP meant to imply that he was behind in contributions, compared to where others in his age group would be. Everyone should know the 401k or 403b catchup contributions are not allowed until reaching the age of 50.
by Jimmie
Thu May 04, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 6176

Re: Unmarried couple purchasing a home?

Do not recommend buying property with someone you are not married to. If legal contracts are drawn up properly, how does this differ from two brothers (or total strangers for that matter) buying property together? Why should they be excluded from buying a house jointly? Your brother is always your ...
by Jimmie
Thu May 04, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 6176

Re: Unmarried couple purchasing a home?

Without getting too deeply into moral or philosophical issues, would it really matter if we were married or not? Does not being married substantially increase the odds of us breaking up and thus necessitating the sale of the home? My answer is "NO" to what I assume to be rhetorical questions. Many ...
by Jimmie
Thu May 04, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 6176

Re: Unmarried couple purchasing a home?

RoadHouseFan wrote:Do not recommend buying property with someone you are not married to.
If legal contracts are drawn up properly, how does this differ from two brothers (or total strangers for that matter) buying property together? Why should they be excluded from buying a house jointly?
by Jimmie
Thu May 04, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 5512

Re: Vexing electrical problem in the house

OP- One poster above made a good catch on the Zinsco panel. Those are known to have problems and I don't know if they even make GFCI breakers to fit them. Have it replaced with a good modern 200 amp panel such as Siemens or Square D. Determining your incoming service amperage capacity is important....
by Jimmie
Thu May 04, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle large variable expenses?
Replies: 16
Views: 1500

Re: How to handle large variable expenses?

Without knowing what these home improvement projects are, my advice may or may not apply. But I would check it out. When we have done certain projects, particularly replacement of Formica countertops with Cambria and replacement of linoleum flooring with ceramic tile, both companies had "x months sa...
by Jimmie
Thu May 04, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 5512

Re: Vexing electrical problem in the house

pascal wrote:I am staying put on the couch waiting for PG&E.
Reminds me of when my son stuck a screwdriver in the small hole of an electrical outlet. I told him he was grounded. :D

Hope all works out well for you.
by Jimmie
Thu May 04, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 3250

Re: Starting new job mid-career - What advice to learn from my past?

I got laid off after spending 16 years as an engineer at a Fortune 100 company in a 200k population city. I was never into leadership, so remained an "individual contributor". My job career was unique in that for many years I hardly had enough work to do. It was a combination of laid back bosses an...
by Jimmie
Thu May 04, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 9909

Re: Favorite Financial Indulgences

I like to do things to my house. I am having an irrigation system installed. This is my indulgence for the year. Next year I would like to have the entire interior of the house painted. The following year, redo my driveway. The year after that, new carpet for the whole house. When larger home impro...
by Jimmie
Thu May 04, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 5512

Re: Vexing electrical problem in the house

What eventually failed was the 12 gauge romex inside a wall, which melted in two. That's a really good way to burn down a house (ours didn't, but that was pure luck). This is why residential wiring, particularly Romex, is solid wire. If it breaks, it breaks clean. Stranded wire, when compromised wi...
by Jimmie
Thu May 04, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 9909

Re: Favorite Financial Indulgences

I like to do things to my house. I am having an irrigation system installed. This is my indulgence for the year. Next year I would like to have the entire interior of the house painted. The following year, redo my driveway. The year after that, new carpet for the whole house. When larger home impro...
by Jimmie
Thu May 04, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 5512

Re: Vexing electrical problem in the house

Many good points so far, particularly mapping the circuits throughout the house. That is the best start. I would suspect a faulty circuit breaker or loose connection somewhere. The suggestion of thermal imaging is a good one. Forget about it being GFCI related. If it was, the induction cooktop would...
by Jimmie
Thu May 04, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 9909

Re: Favorite Financial Indulgences

Needed a new printer to replace an old black and white laser. Ignored inkjets because the cartridges, especially the color ones, dry up before you can use all the ink. Decided on an HP multi-function color LaserJet same model as I bought for a field office I managed for my employer. The color toner ...
by Jimmie
Wed May 03, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Great knife for slicing limes and raw potatoes
Replies: 56
Views: 5201

Re: Great knife for slicing limes and raw potatoes

Still trying to figure out what meal OP only needs to cut limes and potatoes for... ...Potato fries... Mandoline. Here's one: https://www.amazon.com/OXO-Good-Grips-Mandoline-Slicer/dp/B0000DAQ8B +1 Last year, I purchased a stainless steel mesh cutting glove since I use my mandolin so much. The prof...
by Jimmie
Wed May 03, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 6657

Re: My dad needs my help.

Please do not answer this question but why would someone get divorced at 74? Clearly the spouse left. The OP's Dad had no choice. Correct The OP's father is in the financial position as described. The financial advice shouldn't be any different whether the OP's father was left alone via death or di...
by Jimmie
Tue May 02, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 17296

Re: Most Common Financial Mistakes

Check out the other thread about best financial advice and put the word "NOT" in front of everything. :D

viewtopic.php?f=10&t=217123
by Jimmie
Sat Apr 29, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Supervisor asks me "when are you retiring?"
Replies: 2
Views: 1647

Re: Supervisor asks me "when are you retiring?"

At a team meeting recently, my supervisor asked me when am I retiring. It was said somewhat jokingly, but since we just had layoffs (I survived), it came across as a bit odd. Supervisor said everybody thinks I'm rich. One person from another team was laid off and since they are 71 years old, it was...
by Jimmie
Sat Apr 29, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 17840

Re: Will cars be autonomous in three years?

It is also very clear that Musk is planning to roll out this new technology in beta form and let the customers find the bugs. Wow.... He means, "Let the family of the dearly departed attend to final burial arrangements." Seriously, you bring up several good points. Any invention is easy to design t...
by Jimmie
Sat Apr 29, 2017 6:54 am
Forum: Personal Consumer Issues
Topic: Somebody hit my car in a parking lot
Replies: 26
Views: 5132

Re: Somebody hit my car in a parking lot

Saturn's demise was due to a decision made by GM to focus on four of their core car makes: Cadillac, GMC, Chevrolet, and Buick. This decision had nothing to do with the quality of the brand. Though I don't have #'s to support it- bad decision IMO, esp in the Rust Belt and winter salt belt where som...