Search found 81 matches

by KandT
Sun Jun 09, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1348

Re: Life Strategy Vs. Investment Strategy

I suspect many of us are in a similar situation. I am 50. Last child just started college. I can see the light at the end of the tunnel, problem is I am not sure what that light is. I too am doing well financially in my current position, but lack the energy or ambition to challenge myself to expand ...
by KandT
Sun Jun 09, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 11932

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

And yes, the model S and future roadster looks very interesting since they and hang with and the roadster will dominate even the best of traditional supercars. ......for one lap, then the motor overheats and puts the car into limp mode.... I own a Tesla - Please don't spread rumors. What they are d...
by KandT
Sun Jun 09, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1348

Re: Life Strategy Vs. Investment Strategy

Thank you to everyone who replied so far. I read each reply twice. (I am not taking the bait on the directly previous response about whether or not my 401K will double - That is not the point of the discussion) While I hope it is a long time away, I think I have now solidly realized that one day I w...
by KandT
Sun Jun 09, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1348

Life Strategy Vs. Investment Strategy

I have been a life long saver even before I heard of the "Ramsey's" of the world. Please don't take this post as anti-boglehead in any way shape or form! Now I am well into my 40's and in the prime of my career. I know should be saving tons now and I am but then I look at my parents and my friend's ...
by KandT
Sat Jun 08, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 136
Views: 8062

Re: Do you carry Umbrella Insurance?

windshield knick and ding. My insurance company wants me to file a claim for small windshield nicks so they can dispatch someone to fix it before it widens and requires a complete replacement. As far as I know there is no deductible for this as I have never had to pay a dime to get a nick filled. G...
by KandT
Sat Jun 08, 2019 11:17 pm
Forum: Personal Consumer Issues
Topic: Apple - Old Product Boxes - Keep or Dispose?
Replies: 48
Views: 6088

Re: Apple - Old Product Boxes - Keep or Dispose?

abuss368 wrote:
Sat Jun 08, 2019 8:25 pm
KandT wrote:
Fri Jun 07, 2019 8:55 pm
abuss368 wrote:
Fri Jun 07, 2019 7:41 pm
I will be parting ways with the boxes!
:sharebeer
Boxes gone!
love it!
by KandT
Sat Jun 08, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 136
Views: 8062

Re: Do you carry Umbrella Insurance?

Yep - Cheap insurance that covers a catastrophe. To me that's what insurance is for - a catastrophe. I personally carry high deductibles and don't use my insurance for piddly things. I know people who are always saying "Does your insurance cover it?" for every windshield knick and ding. Those people...
by KandT
Fri Jun 07, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Money Deposited into my bank account in error
Replies: 10
Views: 1077

Re: Money Deposited into my bank account in error

Easy one. Report it. You are selling a piece of your integrity and character to keep it. I like to think my integrity and character are worth more than $2,0000. If you feel like you don't have integrity and character then report it will go a long way to building it. In the long run you will find bui...
by KandT
Fri Jun 07, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Apple - Old Product Boxes - Keep or Dispose?
Replies: 48
Views: 6088

Re: Apple - Old Product Boxes - Keep or Dispose?

abuss368 wrote:
Fri Jun 07, 2019 7:41 pm
I will be parting ways with the boxes!
:sharebeer
by KandT
Fri Jun 07, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3449

Re: How to pay electrician

wire for a 50 amp outlet is sold by the foot - did you move where the outlet was or maybe he didn't measure exactly? Either way be at peace and pay the guy and move on - If he was good don't worry about it. If he was annoying or messy then don't have him back. EZ PEAZY. Just please be at pease and f...
by KandT
Fri Jun 07, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Apple - Old Product Boxes - Keep or Dispose?
Replies: 48
Views: 6088

Re: Apple - Old Product Boxes - Keep or Dispose?

I appreciate the post because it made me realize that I spend too much time worrying about things that don't matter. I could be making real money and getting things done in the time I was thinking about the box again, again and again. I bet every time you look at those boxes you experience cognitive...
by KandT
Thu Jun 06, 2019 9:49 pm
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3386

Re: Bonds and Investing

I throw myself at the mercy of the court here! So far this has turned out well. I realize it could change any minute. I have my 401K's, extra cash (non emergency) and 529's all in the S&P. Kids are 7 and 12. Quite frankly I just don't understand bond funds. I understand buying a bond from an organi...
by KandT
Thu Jun 06, 2019 3:23 pm
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3386

Re: Bonds and Investing

With bonds, higher yield almost always means higher risk. Any good short or intermediate term bond fund that is investment grade, low cost, and diversified should provide safety and income to a portfolio. + 1. The most commonly used bond fund here is probably Vanguard Total Bond Market Index Fund A...
by KandT
Wed Jun 05, 2019 9:37 pm
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3386

Bonds and Investing

I throw myself at the mercy of the court here! So far this has turned out well. I realize it could change any minute. I have my 401K's, extra cash (non emergency) and 529's all in the S&P. Kids are 7 and 12. Quite frankly I just don't understand bond funds. I understand buying a bond from an organiz...
by KandT
Tue Jun 04, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Building a Large Shed and Cutting Costs
Replies: 6
Views: 1045

Building a Large Shed and Cutting Costs

BH's, I am building a roughly 20X20 shed in Pennsylvania (it needs to be structured below the 36 inch frost line). I am clearing the land myself. I am hiring an excavator for the land leveling that I trust and have used before. Any ideas on the most efficient way to put the shed up? It will mostly b...
by KandT
Sat Jun 01, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Everything used to come easy to him and he was always put into advance classes. I So this may be an issue with many boglehead's kids. I had the gift of watching my HS class valedictorian fail out of college. He was my roommate and I had a front row seat. 1) He had never learned to study OR work. 2)...
by KandT
Sat Jun 01, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

You have posted about a lot of vacation travel in the past two months. Maybe you could look at saving those expenses first. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=280943&p=4540683#p4540683 5/12 https://www.bogleheads.org/forum/viewtopic.php?f=11&t=278899&p=4495690#p4495690 4/15 https...
by KandT
Sat Jun 01, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2275

Re: Should my wife and I cancel our Whole Life Insurance policies?

That's not enough. They must be fiduciary all the time, every time... Or as my friend's ex-adviser said when asked, sometimes they are are fiduciary . [/quote] Oh that's kinda like your spouse "Sometimes I am faithful." :D :D Like when there are no opportunities!! Yes cancel your whole life but keep...
by KandT
Thu May 30, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14857

Re: Fun paid jobs after FIRE

My father, who has no shortage of ego, loves to tell me and my kids how he "retired" at 42. This is younger than me which he doesn't mind reminding me. Thing of it is I was there still in high school and his idea of "retirement" was busting his butt off at his own business and barely making any mone...
by KandT
Sat May 25, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12382

Re: Is the housing market starting to collapse?

simplesimon wrote in regard to the question is the housing market starting to collapse: We just bought our first house, so probably. The same thing happens in the stock market and on the Forum is known as the "nedsaid effect." It seems that when nedsaid buys a stock or fund, it often immediately dr...
by KandT
Fri May 24, 2019 11:46 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2122

Re: Fly cross-country with a cat

I would advise against doing this. Very disrespectful to fellow travelers. Sorry to say I don't see it this way and even if I did I would rather "disrespect" my fellow passengers than my cats. You are lower in my priorities than they are just sayin :-). I love it! You make people watching so fascin...
by KandT
Sun May 19, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14325

Re: FIRE - What am I missing in the News Stories

^ It seems like you're self-selecting into having this content in your face by reading those sites. You make a good point but I think it is my news feed's AI that is doing the selecting by what I click on. You are right it probably does feel like a constant stream of this news to me but it is selec...
by KandT
Sun May 19, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14325

Re: FIRE - What am I missing in the News Stories

Seems like there are constant news stories on the FIRE movement. They all seem to say John and Jane saved 70% of their income and maxed out their 401K and now at 35 they have 1.2 million dollars and are retired. ... I'm not aware of "constant" news stories about people retiring at 35, especially wi...
by KandT
Sun May 19, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14325

FIRE - What am I missing in the News Stories

Seems like there are constant news stories on the FIRE movement. They all seem to say John and Jane saved 70% of their income and maxed out their 401K and now at 35 they have 1.2 million dollars and are retired. First off - how are they figuring on getting the401K money out until they are 59.5?? Sec...
by KandT
Sat May 18, 2019 9:35 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 95
Views: 9628

Re: If you are already wealthy, what keeps you motivated?

NW of $2 million. Keep working because I want to do things that will delay my retirement more than I want to retire. I know I am spending money that I could use to retire earlier but I want to RV (I buy them used and hunt for a financially distressed one) with my kids and give them opportunities tha...
by KandT
Sat May 18, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5964

Re: At what NW do I have disposable income?

It seems that frugal/cheap/miser types that spent their entire working lives prioritizing above all else building huge cash mountain for 100% financial independence commonly find themselves unable to spend any of it when reaching retirement. By their own admission they commonly state here they now ...
by KandT
Sat May 18, 2019 2:22 pm
Forum: Personal Investments
Topic: FIRE and Taxes - Working Backwards to Make it Work Forwards
Replies: 9
Views: 1364

Re: FIRE and Taxes - Working Backwards to Make it Work Forwards

Thank you both for your replies. I appreciate that my $3M guess is just that - a guess. What I am most interested in is whether or not my thought process of "buying my time backwards" is a good one and if there is any smarter way to achieve this goal of earlier retirement. I have tightened our belt ...
by KandT
Sat May 18, 2019 12:19 pm
Forum: Personal Investments
Topic: FIRE and Taxes - Working Backwards to Make it Work Forwards
Replies: 9
Views: 1364

FIRE and Taxes - Working Backwards to Make it Work Forwards

Here are my numbers: $1 Million in 401K - Almost all S&P 2 pensions coming worth about $6000/mo combined at 65y/o (if we quit today). They will increase in value depending on how long we stay. $200K in other savings - some money market and some S&P Both 45 years old Kids Education just about done sa...
by KandT
Sat May 18, 2019 6:32 am
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 10592

Re: Ready to FIRE (But Vultures Be Circling)

First - Congratulations!! Second - Consider your counterbalance to lifestyle creep. $100K is not a ton of money to live on and creep will be a heck of a temptation - especially with children. Third - A guy with your drive and skillsets is unlikely to stay completely idle for long. You have earned to...
by KandT
Thu May 16, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5329

Re: Bank called my business manager

My bigger question is why is the bank telling your business manager your personal information?? I would hope your doctor doesn't call and ask her if you've been exercising regularly. I'm confused about what personal information was compromised. When a person writes a check to another, the banks inv...
by KandT
Thu May 16, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Should I replace Prius Hybrid Battery?
Replies: 44
Views: 3516

Re: Should I replace Prius Hybrid Battery?

Replace. The difference between that car and one that you buy is you know what its been through. People do all kinds of weird stuff to their cars. If you've got one with a known history of reliability then stick with it! Heck people will take a brand new truck off-roading and get it stuck up to the ...
by KandT
Thu May 16, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4077

Re: Reservations about job offer

Sounds like they are saying "Come into this hornets nest where people want the job that we are hiring you for and before we give you the job and our support convince them that you are better than them for the job they want." Sounds like one heck of a loser is leading this division with all the guts ...
by KandT
Thu May 16, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4077

Re: Reservations about job offer

Sounds like they are saying "Come into this hornets nest where people want the job that we are hiring you for and before we give you the job and our support convince them that you are better than them for the job they want." Sounds like one heck of a loser is leading this division with all the guts ...
by KandT
Wed May 15, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5329

Re: Bank called my business manager

I had a bank ask what I was using a check for. I asked why the teller needed to know what I was buying?? She said it was for my protection. I said I figured out how to get $62K free and clear, I could probably handle this transaction as well. Then all the sudden she didn't need to know. :shock: Mind...
by KandT
Wed May 15, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5329

Re: Bank called my business manager

My bigger question is why is the bank telling your business manager your personal information?? I would hope your doctor doesn't call and ask her if you've been exercising regularly.
by KandT
Wed May 15, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6562

Re: Do you reward yourself for achieving a financial goal?

A Rolex would be like eating a Big Mac because you lost 50 pounds.
by KandT
Wed May 15, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6562

Re: Do you reward yourself for achieving a financial goal?

Yes, I do. I am worth a little over 2 million now and just started to "reward" myself. I have taken my family on some nice vacations and we bought 2 (at different times) used RVs. We were careful buying and selling the Rv's that we didn't lose too much but knew that they are financially about as stu...
by KandT
Sun May 12, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2081

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

Sometimes it is cheapest to hire a pro. A blocked chimney can be life threatening. Don't you get your chimney cleaned anyway?
by KandT
Fri May 10, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: 256 Gbytes for IPhone! How much further?
Replies: 29
Views: 2102

Re: 256 Gbytes for IPhone! How much further?

Do we as a species continue to get sucked into these devices?? Already we spend hours a day on them.

When do they control us instead of being our tools??

When is the picture craze going to wear out? Soon I hope!
by KandT
Fri May 10, 2019 6:56 pm
Forum: Personal Consumer Issues
Topic: 256 Gbytes for IPhone! How much further?
Replies: 29
Views: 2102

Re: 256 Gbytes for IPhone! How much further?

As somebody who remembers paying a lot of money to upgrade his computer from 128K to 1 MB of internal memory, I have more-than-once thought that we must be at the limit by now. But, in the market for a new cell phone, my mind was blown yet again, by the option of buying an absurd 256 GB phone for n...
by KandT
Wed May 08, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Winter Tires All Year?
Replies: 62
Views: 3734

Re: Winter Tires All Year?

While I agree rotating tires can improve tire life, I often wondered about the economics. Yes, absolutely a couple of rotations per the tire's lives make a difference but for the cost of rotating every 5000 miles you may have spent the good part of a new set just in rotating. Do you get that much mo...
by KandT
Wed May 08, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Going solar
Replies: 29
Views: 2316

Re: Going solar

One pro that I haven't read here is if it makes you feel like it is the right thing to do for the environment. Today I think it can be a solid financial decision and ALSO good for the environment. So if you are splitting hairs and counting pennies maybe the environment kinda tilts the scales some. A...
by KandT
Wed May 08, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 11547

Re: College Expenses

I see this quoted a lot "Top schools only accept 15-20% of their applicants". This is perpetuated but he school of course to show how everyone wants their top tier education. May I propose that students who are likely to apply there are also applying to 5-6 other schools? Point being they have appl...
by KandT
Wed May 08, 2019 5:29 am
Forum: Personal Consumer Issues
Topic: Diesel Pusher RV
Replies: 9
Views: 749

Re: Diesel Pusher RV

KandT, Tough question...... Perhaps focus on finding one and having it inspected and appraised to get a reasonable deal? If you found something, could you pay for it in cash? Would it affect your Emergency Fund? other savings? The FB group “ RV Pricing and Values” can be a great resource for you. I...
by KandT
Wed May 08, 2019 5:27 am
Forum: Personal Consumer Issues
Topic: Diesel Pusher RV
Replies: 9
Views: 749

Re: Diesel Pusher RV

Ok so I have been a saver since a kid. Now I have two kids that are growing up fast and I want a second diesel pusher RV. The trouble is the last one we had seemed to be costing us over $1000/mo in repairs. We sold it for what we bought it for (exactly $62,000) but had put money into it. We used it...
by KandT
Tue May 07, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 11547

Re: College Expenses

I see this quoted a lot "Top schools only accept 15-20% of their applicants". This is perpetuated but he school of course to show how everyone wants their top tier education. May I propose that students who are likely to apply there are also applying to 5-6 other schools? Point being they have appli...
by KandT
Tue May 07, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: Diesel Pusher RV
Replies: 9
Views: 749

Diesel Pusher RV

Ok so I have been a saver since a kid. Now I have two kids that are growing up fast and I want a second diesel pusher RV. The trouble is the last one we had seemed to be costing us over $1000/mo in repairs. We sold it for what we bought it for (exactly $62,000) but had put money into it. We used it ...
by KandT
Tue May 07, 2019 8:38 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13517

Re: I tried to fire my financial advisor of 12 years today...

I'm now 40 and after reading a few investment books recently, I quickly realized the 1.5% he's been charging me is going to murder me in the long run. My plan is to switch over to a two-fund index fund at Vanguard. I have some very good friends. I wouldn't cut any of them a check for $9,600 a year ...
by KandT
Mon May 06, 2019 8:22 pm
Forum: Personal Investments
Topic: Warren Buffet's new investment ideas
Replies: 28
Views: 2691

Re: Warren Buffet's new investment ideas

not clear Buffett is making a wager on Oil and Gas (Permian or not) vs getting an outstanding price for lending to the company. 8% dividend on the preferred plus in the money options. I am sure he would have gone twice as much if they had let him. As long as he can see a path to getting paid back I...
by KandT
Mon May 06, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Responding to inquiry re:underpaid tax on used car
Replies: 20
Views: 1809

Re: Responding to inquiry re:underpaid tax on used car

A used car dealer being un-reputable?? I have never heard of such a thing! :wink: I had the sales tax department call me about a year ago and I thought he was a scammer (get them constantly). I put this guy through the wringer and finally figured out he was legit. It will probably go away if you do ...