Search found 51 matches

by FIREmeup
Fri Oct 18, 2019 9:33 am
Forum: Personal Investments
Topic: Switching to K-1 income: need help understanding Retirement account savings options
Replies: 7
Views: 757

Re: Switching to K-1 income: need help understanding Retirement account savings options

@FIREmeup: I would not be so caviler about this. If you materially participate in a partnership. You have self-employment income whether the partnership reports it correctly or not. You are still liable for properly reporting and paying the income AND SE taxes, not the partnership. This is no diffe...
by FIREmeup
Fri Oct 18, 2019 6:50 am
Forum: Personal Investments
Topic: Switching to K-1 income: need help understanding Retirement account savings options
Replies: 7
Views: 757

Re: Switching to K-1 income: need help understanding Retirement account savings options

I am paid on a K-1. It depends what box the firms accountants put the payout in on the K-1. That will be what matters. I've been to 5 different accountants because mine is in a box that essentially equates to unearned income. Because of that, I am not able to give to any IRA, spousal IRA, SEP IRA. I...
by FIREmeup
Mon Oct 07, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6431

Re: Tactics to pay off Mortgage Early??

As you can see there are many different opinions on this personal finance subject. Mathematically does it make sense to pay it off early? Historically, no. But who knows what the next 15 years will bring. My wife and I determined we do want to pay it off smartly. First you should max out tax deferre...
by FIREmeup
Wed Sep 11, 2019 10:51 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 4170

Re: Day Trading for a Living?

I am a proprietary trader going on 13 years. Basically a day trader. The discipline needed to sit there for 7 hours a day is hard to come by. If you make a mistake you are severely punished. It has gotten harder over the years. Some people at my firm make intergenerational amounts of money. Many mak...
by FIREmeup
Tue Sep 03, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 127
Views: 11414

Re: Paying off mortgage early - am I thinking about this right?

You sound like me. $350k mortage at 3.875% than began in early 2012. I decided to place my bond allocation stated in my IPS into my mortgage. Over the years it has equaled about 1500 to 2000 a month extra on average. Unquestionably in retrospect I should have just put it all in the market. But, pers...
by FIREmeup
Wed Aug 28, 2019 6:39 am
Forum: Personal Consumer Issues
Topic: Purchasing a truck - thoughts?
Replies: 105
Views: 7020

Re: Purchasing a truck - thoughts?

I have a 2nd Gen Ridgeline. Couldn't be happier. You sound a lot like me. Often taking loads of brush to the recycling center and getting gardening and other materials from home depot on the weekend. The ridgeline is the only non full size pick up where u can lay a 4 x 8 plywood sheet in the bed fla...
by FIREmeup
Tue Aug 27, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3651

Re: paying off 15 year vs 30 year fixed rate mortgage

I was in your position about 8 years ago. High paying job that I didnt know if it would last. Took the 30 year and pretended it was a 15 and used my mortgage as my bond allocation. Yeah the higher interest rate was the insurance fee I paid if my income did get cut. It was a 3.875% vs 3.5%. Should be...
by FIREmeup
Mon Jul 22, 2019 10:57 am
Forum: Personal Consumer Issues
Topic: Your pick for a lawn edger
Replies: 30
Views: 2460

Re: Your pick for a lawn edger

If you are seeking for maintenance of edges and beds I would recommend an electric trimmer. I bought a WORX trimmer/edger 2 years ago and it has been fantastic. I am very anti electric but for this case it is extremely easy for me to grab it and edge 100 feet of side walk (both sides), 100 feet of c...
by FIREmeup
Fri Jul 19, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: Glacier National Park
Replies: 19
Views: 2414

Re: Glacier National Park

I've copy and paste what I quickly wrote up for a few friends who visited after we went in September 2014. We combined it with a trip up to Banff and Lake Louise for some hiking up there. You chose a great time as the crowds are less and everything should still be open. By then it can be pretty chil...
by FIREmeup
Tue Jul 16, 2019 6:46 am
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9371

Re: Switching from passive to active management

Hmm. I dont know. I'm about 80/20 and in December I was down over 150k from the top. And I can be pretty sure I am nowhere the vicinity of your portfolio size if you are even considering 500k in fees a year. So 70/30 is probably going to make you queasy and have you pull out at the worst time with B...
by FIREmeup
Tue Jul 09, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Grilling with wood fire
Replies: 12
Views: 1387

Re: Grilling with wood fire

I use lump charcoal for my smoker. Not what you are asking but seeing others mentioned it I wanted to offer my advice for starting the fire. If using a chimney starter nothing works better than instafire. https://www.amazon.com/Instafire-Charcoal-Briquette-Starter-Pouches/dp/B00FS37QD8/ref=mp_s_a_1_...
by FIREmeup
Tue Jul 09, 2019 4:10 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 8250

Re: Buying a Smoker

Wife bought me a 22 inch WSM for our first anniversary and I love the thing. Yes more hands on than an electric smoker but once you get to know it, as long as not crazy wind or below freezing, I can leave it for about 6 hours and it will stay within 15 degree range. I do wish for an electric smoker ...
by FIREmeup
Wed Jun 26, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4634

Re: Favorite mountain lodge destinations in the west?

I'll throw another vote for Lake Louise Chateau. Sounds like it meets all your criteria. The hotel itself is impressive and breaktaking and it has the most breathtaking views.They have fine dining restaurants and also a more relaxed bar scene downstairs. A short drive to Banff, and many other places...
by FIREmeup
Wed Jun 12, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 6069

Re: How are your 30s financially different than your late 20s?

Wife and I, 35 and 34, 2 young kids. Life definitely changes with kids as you know. At 30 is where I definitely felt a change in physical well being. In your 30s you have to eat healthier. Stay ahead of the curve. I see it with my older friends and family, they carried their extra weight through the...
by FIREmeup
Tue Jun 11, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7702

Re: Anything you wish you had spent money on when you were younger?

My eternal struggle. I was lucky right out of college, made a lot of money still living on a college budget. Saved a ton. Enjoyed a lot of time locally with friends and family and though many friends were grinding working ungodly hours and weekends setting themselves up, my job was stock trading and...
by FIREmeup
Fri Jun 07, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Gillette Fusion razors
Replies: 57
Views: 5412

Re: Gillette Fusion razors

https://www.walmart.com/ip/Gillette-Fusion5-Men-s-Razor-Blades-Choose-Count/14071268 Walmart is cheaper by a few bucks. I love the gilette fusion 5. Mach 3 is good. Schick did awful things to my face. Looked like I used a cheese grater. Obviously this is more expensive than other options but I am li...
by FIREmeup
Tue May 07, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: 529 Question--one per child, or one per family?
Replies: 13
Views: 1162

Re: 529 Question--one per child, or one per family?

So the generosity of the grandfather is fantastic. I would use multiple accounts, it really isnt hard. I studied this a bit a few years ago so if I am wrong or it has changed hopefully someone corrects me. Now the one problem is potential need based aid the student may get can potentially be hurt by...
by FIREmeup
Fri May 03, 2019 3:35 pm
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4317

Re: Company IPO'd. What's Next?

Congrats! I'd have to assume you a reasonably smart guy. No reason to go with a AUM fee advisor because with the help of the people here, you can do it yourself. That fee is the same thing as writing a $3k a month check to your advisor who will happily be your best friend for that amount. Being you ...
by FIREmeup
Wed May 01, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 109
Views: 17026

Re: What if I Never Buy a House?

I think you should be making a lifestyle choice within the confines of your budget. To say oh I'm a renter I dont have to pay taxes and the maintenance is crazy talk unless you have a landlord who likes losing money. I have friends that think I'm nuts for spending 35 minutes a week cutting my lawn. ...
by FIREmeup
Mon Apr 29, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Daughter's First Job
Replies: 45
Views: 3944

Re: Daughter's First Job

I am surprised by all the negative comments for the young lady wanting to stay home a few years to save. Everything is so expensive and that is one of the prime times to give yourself a solid foundation. Coming out of college still living a low cost college life style and now having money coming in....
by FIREmeup
Tue Apr 23, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8766

Re: What, if anything, do I owe this guy?

When I've dealt with con artists that try and scam you, in my case a mold remediation guy recently, he knows it is a ridiculous proposal and probably knows not to even try and sell you harder after you figured him out. Was that 2% on physical gold and home equity for real? Wow. Do not feel bad for o...
by FIREmeup
Tue Apr 23, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 5300

Re: At what age did you buy your first first class airplane ticket?

Outside of our honeymoon our trips have been mostly hiking trips or fly out the next day purchases. Since they are hiking trips never felt the need to get too cozy on the plane. The honeymoon was $700 each nonstop to Hawaii from NYC or $2.5k each. Went with coach. I'm tall so if I was ok my wife was...
by FIREmeup
Mon Apr 22, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Montana / Wyoming Summer Trip Ideas
Replies: 29
Views: 2623

Re: Montana / Wyoming Summer Trip Ideas

As many have said these parks can be very crowded and getting a spot in the parks at this point will be difficult. There is so much in this area you will need to come back. We did a trip September 2015 where we started in Glacier. Many hiked of varying difficulty. Trail of the Cedars very short boar...
by FIREmeup
Tue Apr 16, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 101
Views: 18786

Re: Do not use Personal Capital

I thought anyone who signs up for this would know you are basically providing Personal Capital with a cold call list, where they can give you the best sales pitch since they know everything about you up front. I went back and forth early on about the security issues. I have accounts at several of th...
by FIREmeup
Mon Apr 15, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise Winter Trip
Replies: 5
Views: 970

Re: Banff/Lake Louise Winter Trip

Been in the summer for hiking and it has to be one of my favorite places. There were the tea house hikes and ink pots and others while we stayed at Fairmont Chateau. I dont know about in the winter but Johnston Canyon was well traveled with many people. I dont think there is a need for a guide for t...
by FIREmeup
Tue Apr 09, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Infertility treatments/insurance/job situation
Replies: 44
Views: 3692

Re: Infertility treatments/insurance/job situation

Do all the testing, especially if it is covered. That will potentially give you a better idea of where the problem lays and the doctors will give you better information what can be most successful. I am also in NJ and used RMA. Highly recommend. They have radically better fertility rates, though if ...
by FIREmeup
Thu Mar 21, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: When is it time for a new smartphone?
Replies: 66
Views: 4580

Re: When is it time for a new smartphone?

Had a samsung S5 from December 2015. End of 2018 was crashing constantly, slow as molasses. Then I placed it down like I normally do and the screen changed colors. Next time I put it down the touch screen stopped working. December 2018 caught an S9 sale at best buy for $435 on Verizon. Was going to ...
by FIREmeup
Thu Mar 14, 2019 6:38 am
Forum: Personal Investments
Topic: Should we pay down 4% loan more quickly or invest in bonds?
Replies: 42
Views: 3408

Re: Should we pay down 4% loan more quickly or invest in bonds?

How I see it: You are young. You bring in good money. You want to have kids. You have a nice chunk of debt. You have job security, your wife has super job security. I really think this is an easy one. Max out your tax sheltered space. This is a no brainer no matter who you are. I think paying down y...
by FIREmeup
Mon Feb 25, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 15048

Re: Is Hyundai the value sweet spot?

My family and my wife's whole family, before I met her all bought Hyundais in the 2008ish area. I bought an Elantra in 2012 with intent to keep it for a long time. The whole family had nothing but problems. We had a head gasket leak on a Santa Fe that spewed oil onto the alternator and shorted it ou...
by FIREmeup
Fri Feb 15, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 308847

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

First of all, thank you for this thread; I appreciate it. 1) Some people in this thread have expressed fear that if too many people pile on this strategy, it will stop working. How realistic is this fear? The underlying S&P 500 stocks and LTT bonds have enormous market cap, so changing the UPRO and...
by FIREmeup
Thu Feb 14, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: NYC area, buying first home- where to begin?
Replies: 22
Views: 2285

Re: NYC area, buying first home- where to begin?

I like the above poster take the route 46/80/3 bus to work from Parsippany. Your work hours matter. I have the option to shift my hours when I do go in. If I am on the 7AM bus I pull into Port Authority by 745 80% of the time. If I take the 715AM bus, I will arrive after 815AM 80% of the time. The 1...
by FIREmeup
Mon Feb 04, 2019 4:57 pm
Forum: Personal Investments
Topic: Strategies for mortgage pay down
Replies: 32
Views: 2976

Re: Strategies for mortgage pay down

Ill take a crack at option 4. May not be the most efficient but working well for me I started working in 2007, bought a house in 2012. Debt averse and do not like owing money to anyone. I made sure all tax advantage accounts maxed out, and with my leftovers each month I invested by my IPS but my bon...
by FIREmeup
Tue Oct 23, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do you evaluate HDHPs?
Replies: 17
Views: 1407

Re: How do you evaluate HDHPs?

Things I considered.... Are they the same network? What is the potential yearly cost for me? I would use them the same either way...unless I read you incorrectly it seems like you asked will you let an ailment go longer to not use your HDHP. NO, I would never. HDHP has a yearly price that was 30% ch...
by FIREmeup
Wed Sep 19, 2018 3:52 pm
Forum: Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1471

Re: What can go wrong in shorting Tilray, and can EU investors short it (and how?)

To prove the insanity, because TLRY was highlighted on Mad Money last night it is currently trading at 230 in premarket. Previous close 155. The stock moved from 180 at 7am up to 240 by 830 AM todat. If you liked the short yesterday you will love it today! yes :D It's interesting that you are a day...
by FIREmeup
Wed Sep 19, 2018 8:02 am
Forum: Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1471

Re: What can go wrong in shorting Tilray, and can EU investors short it (and how?)

To prove the insanity, because TLRY was highlighted on Mad Money last night it is currently trading at 230 in premarket. Previous close 155. The stock moved from 180 at 7am up to 240 by 830 AM todat. If you liked the short yesterday you will love it today!
by FIREmeup
Wed Sep 19, 2018 6:15 am
Forum: Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1471

Re: What can go wrong in shorting Tilray, and can EU investors short it (and how?)

I have read about the cannabis stock Tilray, which has 28M$ in sales and a market cap of over 14B$; its price has gone up fivefold in six months and I've seen that even people who bought it 6 months ago are now shorting it. With this market cap at 500 times sales the valuations seems absurd. So I t...
by FIREmeup
Fri Sep 14, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 12309

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I worked hard high school college first several years of my career. Still work hard. I am a day trader by craft...which is odd because long term personal investing I am so boglehead it hurts. I think nobody, except those with inside knowledge or ability to push stocks around, Buffet, Icahn...has the...
by FIREmeup
Thu Aug 09, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 134904

Re: Anyone regret paying off mortgage early?

Mathematically and given hindsight hard not to regret it. I started my job in fall 2008. Scary times...but I lucked out with that timimg and wasn't one of the many who suffered a job loss. Bought a house in 2011 with wife. I have a highly variable income and knew wife wanted to stay home when we had...
by FIREmeup
Wed Aug 08, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 83
Views: 26403

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

Whenever I read an HSA thread I am always surprised there is rarely a mention of Further HSA, which used to be Select Account HSA. They have $1000 threshold, then you can open a basic investment account which has mutual funds to invest in. Many are garbage but they do have VFIAX VIMAX NAESX. Which a...
by FIREmeup
Mon Aug 06, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: radon mitigation exposure concern, are we at risk?
Replies: 59
Views: 4818

Re: radon mitigation exposure concern, are we at risk?

We have a radon mitigation system. We have a basement and the reading there was just below the lower bound of danger zone but we opted for the system anyway. The room on the first floor above the basement had a 0 reading before the mitigation. You have zero risk from your neighbor's system. https://...
by FIREmeup
Mon Aug 06, 2018 6:38 am
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 5749

Re: Maui Hawaii Trip - How to save money?

Wife an I honeymooned in Hawaii in 2012. We were kind of boglehead before we knew it had a name. Even now though when we are on vacation we consider the food to be an important part of the experience. To go there and eat like we are having a busy week at home and using some prepared easy to make mea...
by FIREmeup
Wed Jun 27, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 7953

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

Honda Ridgeline owner here. Love the truck for me. I do my own yard work and often hauling out brush and mulch. But I have a kid and commute so it's comfort is like no other...I tested all of those you mentioned. I think your choice is...do you need a full size truck or the compromise truck. In my o...
by FIREmeup
Wed Jun 13, 2018 10:23 pm
Forum: Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8997

Re: 47 and clueless - direction needed

Oh wow. So who told you to put money into one and direct the dividends into the other? Was it a sales person for the company? I really hope I am not understanding this correctly. Basically they have you invest in front load fund to get their commission and reinvest into another fund where whenever y...
by FIREmeup
Tue May 15, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Patio furniture cover in the northeast
Replies: 9
Views: 969

Re: Patio furniture cover in the northeast

Short answer: buy a car cover. Soft underneath and more pliable. My wife and I bought a large cast aluminum table for our deck. The salesman suggested a cover for $250...to make sure this table last the 20 plus years we plan to stay at our house we figure they know what they are talking about. Dumb....
by FIREmeup
Fri Apr 27, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Extended Warranty for Honda Odyssey - worth it?
Replies: 23
Views: 9937

Re: Extended Warranty for Honda Odyssey - worth it?

Thanks for all the replies. This quote is from Saccucci online. The Hyannis quote is about $60 cheaper. This is NOT from my local dealer. If it is worth I think yes since any repair is going to be easily cost more than the price quoted. However they are killing you with that quote. Saccucci and Hya...
by FIREmeup
Fri Apr 27, 2018 6:45 am
Forum: Personal Consumer Issues
Topic: Extended Warranty for Honda Odyssey - worth it?
Replies: 23
Views: 9937

Re: Extended Warranty for Honda Odyssey - worth it?

If it is worth I think yes since any repair is going to be easily cost more than the price quoted. However they are killing you with that quote. Saccucci and Hyannis hOnda sell the plans over the internet at basically cost. They do it for volume purposes and receive extra marketing money from the mo...
by FIREmeup
Thu Apr 26, 2018 6:46 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 14963

Re: Wedding - financial burden on couple and attendees

To be honest they are probably doing the more financially prudent thing here. My wife had a friend who got married in a Jamaican resort. The girl had a ton of friends and a large family. A wedding for 200 would have probably come in at least at 30k in NY area, at least and probably much more. So the...
by FIREmeup
Sun Jan 28, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: "Automation, Robotics & AI" ETF
Replies: 28
Views: 3888

Re: "Automation, Robotics & AI" ETF

Older thread here. I came across AIEQ the other day. I guess it's like the next iteration of the OPs question. Basically, AIEQ is an ETF that is put together and run by artificial intelligence and it is self learning. What could go wrong with that? Oh boy.
by FIREmeup
Thu Nov 30, 2017 7:45 am
Forum: Personal Consumer Issues
Topic: Wifi speakers-SONOS vs Echo/Google Home
Replies: 30
Views: 4190

Re: Wifi speakers-SONOS vs Echo/Google Home

Not an audiophile. Went to Best Buy one day with the wife and said we want Bose speakers for the house. Why a geek squad asked and we said because they are the best. The BBY geek said Ahh you fell for the marketing company. He sat us down and had us listen to Bose...Sonos...Definitive Technology..Po...
by FIREmeup
Tue Aug 22, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 5102

Re: Trip to Banff / Lake Louise / other places

A lot of great ideas above. My wife and I actually combined a Glacier National Park and Banff/Lake Louise trip. One of our favorite hiking trips thus far. Anyway, Johnston Canyon is a great little hike that is not too challenging and very kid friendly. Very pretty. I am surprised there was no mentio...