Search found 179 matches

by skor99
Tue Nov 13, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 673

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a ...
by skor99
Tue Nov 13, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 673

Is this a good deal for a new iPhone xr ?

I am seeing a deal at Costco for $300 off plus $30 Costco cash card for new or upgrade lines on iPhone Xs and xr with an old iPhone trade in. $300 off looks good especially for upgrade lines , although the 300 will be paid back in monthly installments via bill credits. Any other better deals on new ...
by skor99
Tue Oct 16, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 743

Re: ACA subsidy repayment for s-Corp owner

If I decide to pay the amount due next year with my tax filing , how do I get a deduction for my premiums ? It's automatic. You don't have to do anything extra. It's assumed you paid the full unsubsidized premiums in 2018 minus any actual subsidy you are eligible for as determined on your 2018 tax ...
by skor99
Mon Oct 15, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 743

ACA subsidy repayment for s-Corp owner

Hello, just to provide a background before my question. I am currently operating a consulting s-Corp where I and my wife are the only employees. I was anticipating the MAGI for 2018 to be less than $97 K and therefore I signed up for a individual ACA plan on the exchange with that estimate. As it tu...
by skor99
Mon Oct 08, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital- criteria of Average vs Poor market
Replies: 0
Views: 254

Personal Capital- criteria of Average vs Poor market

Does anybody know the criteria Personal Capital uses for average and poor markets conditions ? Does poor mean markets after a normal recession or after recessions such as in 2008 ?
by skor99
Sun Oct 07, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1126

Re: Planning with around 500K ( helping a friend)

Single earner as in married but wife not working? If so, that gives the family a relatively easy path to bringing in more income. Is he is planning to pay for 3 kids for 4 years of tuition, room, and board each? If so, early 60s retirement may not be realistic. Barring scholarships, that means at l...
by skor99
Sun Oct 07, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1126

Re: Planning with around 500K ( helping a friend)

He is in his early 50s and has saved roughly around 500k or so. He has 1 kid in college and another one coming up soon and a third in the 4th grade. Single earner making around 220k ( approx) in a consulting job . I cannot go overboard in trying to raise his spirits as he knows I have saved more th...
by skor99
Sun Oct 07, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1126

Planning with around 500K ( helping a friend)

I have a good friend who is sometimes ambivalent and at other times downright pessimistic about his retirement and future prospects. He is in his early 50s and has saved roughly around 500k or so. He has 1 kid in college and another one coming up soon and a third in the 4th grade. Single earner maki...
by skor99
Wed Sep 19, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2015

Re: Other investment opportunities besides the stock market

We bought into a hotel chain in Fall of 2016 looking to do something similar. The guy had a good track record and had managed several hotels over the years. He built one in 2012 and had a good financial track record. There were some hiccups int he building phase due to the contractor, but he stayed...
by skor99
Wed Sep 19, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2015

Re: Other investment opportunities besides the stock market

I understand the point of not falling prey to the ‘snakes’ but beyond that the question still remains about returns on investments such as these. Let’s say if the trust level is there, then what to look out for from an investigation and returns perspective for such investments ? Could the returns be...
by skor99
Tue Sep 18, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 2015

Other investment opportunities besides the stock market

I have lately received a few offers from people I know, to invest in their businesses such as gas stations or car wash and be a minority partner. The other offers include investing as a group to buy a hotel or buy homes for flipping or renting out. All my investments thus far have been in the stock ...
by skor99
Fri Sep 14, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6790

Re: Job burnout - Keep grinding or change?

And do understand that all the people encouraging you to make a change , find a lower paying job which is more satisfying etc. won’t be around to help you financially when you have a left a secure well paying job for another that does not work out. They will still keep saying all sorts of positive ...
by skor99
Fri Sep 14, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6790

Re: Job burnout - Keep grinding or change?

For a person in their late 40s / 50s keeping a well paying secure position they have been working in for a while ( in a company which is doing OK ) is far preferable to switching, unless they have very specialized skills that they know for sure will carry them for a few years into the future. That i...
by skor99
Fri Sep 14, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6790

Re: Job burnout - Keep grinding or change?

And do understand that all the people encouraging you to make a change , find a lower paying job which is more satisfying etc. won’t be around to help you financially when you have a left a secure well paying job for another that does not work out. They will still keep saying all sorts of positive t...
by skor99
Fri Sep 14, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6790

Re: Job burnout - Keep grinding or change?

I personally sometimes find it tough to believe in happy quotes such as ‘believe in yourself’ , ‘think positive’ , ‘you are the change’ etc. when you are going through a grinding job and/ or have a bad boss and/or your job is not secure. The short and simple answer is that a person working on a job ...
by skor99
Fri Sep 14, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 62
Views: 6790

Re: Job burnout - Keep grinding or change?

I am in my late 40s, and have been struggling with burnout and the age old dilemma of low work satisfaction, vs. salary/security question. I have recently had 3 friends diagnosed with terminal cancer in the past year, two of whom are younger than me. I realize that this could happen to anyone, but ...
by skor99
Thu Sep 13, 2018 10:35 am
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: 11642

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

Even if you feel you are close, how can you stop trying to make progress? People in the 40s typically have children in college or ready to go to college which comes with exorbitant fees. Most will also have not yet paid off the mortgage yet. There can always be economic downturns and consequent layo...
by skor99
Sat Sep 01, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay ACA subsidy back
Replies: 7
Views: 790

Re: How to pay ACA subsidy back

But how would an estimated tax payment be treated as deductible, as it should be for self employed medical insurance ? Would it allow me somewhere when I am filing my 1040 to say that I should get a deduction on this estimated payment ?
by skor99
Sat Sep 01, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: How to pay ACA subsidy back
Replies: 7
Views: 790

How to pay ACA subsidy back

I may have the situation where my adjusted gross will exceed the ACA subsidy limit for the year for a 4 person family. Initially, it did not look likely and my estimated adjusted gross looked to be around 85 K but it looks like it will exceed 110K putting me far beyond the limit of 97K. I want to pa...
by skor99
Tue Aug 28, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Views on VNQ / GLD with the market at highs
Replies: 6
Views: 598

Views on VNQ / GLD with the market at highs

Been thinking of increasing my currently small allocation in alternatives such as GLD and VNQ given the current market highs. Rates are still rising but VNQ has also moved upwards from the 70s. GLD on the other hand is close to multi year low, so may be good to pick up some. Any thoughts ?
by skor99
Sun Aug 26, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: Nytimes article [S.&P. Closes at a Record]
Replies: 18
Views: 1711

Re: Nytimes article [S.&P. Closes at a Record]

All predictions aside, Isn’t a 16 something forward P/E ratio actually not too bad ? Assuming things don’t fall off a clff here, even if the longer term growth rate is not 4% but between 2 and 3, wouldn’t it atleast keep the market where it is and maybe a slow churn upwards ?
by skor99
Sat Aug 25, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Nytimes article [S.&P. Closes at a Record]
Replies: 18
Views: 1711

Nytimes article [S.&P. Closes at a Record]

As full throated an endorsement ( with the usual caveats) as I have ever seen in the New York Times regarding the stock market.

https://www.nytimes.com/2018/08/24/busi ... ivity.html
by skor99
Fri Aug 24, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 14040

Re: 2000-2018 retirement - sequence of returns

I'm surprised I haven't seen an article on this before. For fun today, I was playing around with Excel and morningstar.com to look at year-to-year returns. (I use morningstar because it includes dividends) Over the last 18 years, Total Bond Market has returned about 4.5% nominal. Over the last 18 y...
by skor99
Mon Aug 20, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with my pension lump sum?
Replies: 11
Views: 1227

Re: What should I do with my pension lump sum?

Wasn’t there an annuity option ? Why take the risk of investing yourself when you can let the company take that risk and guarantee you a nice monthly amount ?
by skor99
Wed Aug 15, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

Re: College grant ( not loans ) eligibilty

I am in the same boat, more than 500K in non retirement assets with 100K + income.. But Why a ton of grants in Harvard ?
by skor99
Wed Aug 15, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

Re: College grant ( not loans ) eligibilty

The answer is: It's complicated. In almost all cases, if you are confident you will not be eligible for need-based grant aid, there is no need to submit the FAFSA. For a small number of schools (3? 12? I'm not sure. not many) you can't even get merit aid if you don't submit FAFSA. It would be an ou...
by skor99
Wed Aug 15, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

Re: College grant ( not loans ) eligibilty

The answer is: It's complicated. In almost all cases, if you are confident you will not be eligible for need-based grant aid, there is no need to submit the FAFSA. For a small number of schools (3? 12? I'm not sure. not many) you can't even get merit aid if you don't submit FAFSA. It would be an ou...
by skor99
Wed Aug 15, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

Re: College grant ( not loans ) eligibilty

Maybe I am not being clear on what I mean. I know there is always aid in the form of loans available which needs to be repayed. I also understand that financial details need to provided to get any such loans. What I am talking about is grants that don’t need to be paid like merit or need based grant...
by skor99
Wed Aug 15, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

Re: College grant ( not loans ) eligibilty

I am not comfortable giving out personal financial details as it is, especially not when I will not get anything out of it. I don’t think any university will require you to provide that information if you are willing to forgo grants. Correct?
by skor99
Wed Aug 15, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 1008

College grant ( not loans ) eligibilty

I have been told by various people that if somebody has over 1MM net worth ( not including primary residence) or approx over 500K in non retirement assests then one should not expect any grants from college which are not merit based and therefore there is no need for FAFSA and the unnecessary disclo...
by skor99
Sat Aug 11, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Klangfool, comparing with the best in terms of financial awareness and savings/expenses is the whole reason I posted on this forum and not on some median american site. :-)
I am aware that the median person has way less financial awareness and therfore more expenses and less savings
by skor99
Sat Aug 11, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Ron, the whole point about long term averages was to account for some of those circumstances. As an example, I had a 30 year mortgage and I paid only the minimum amount for a couple of years which would distort the housing expense numbers if you look at only those years as my aim was to payoff the 3...
by skor99
Sat Aug 11, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Klangfool , I have a different perspective on the studies. It provides very useful information to use as benchmarks . Comparisons are bad when you blindly copy the joneses but We as income earners/ spenders do not exist in a vaccum. The market will only pay us what other people with our skills are w...
by skor99
Sat Aug 11, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

skor99, The answer is obvious. For normal people, the largest expense is house and car. 1) Your PITI is probably 20K per year. 2) Your cars (105K) spread over 15 years. Let's say 10k per year. 3) So, your house and car only account for 30K per year. You have another 56K per year. 4) You spend way a...
by skor99
Sat Aug 11, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

I think you misunderstood what OP meant by "average". He was averaging out his expenses over years. He never claimed his expenses is the average amount in MCOL. OP, correct me, if wrong. Correct. Not saying I am average. I am trying to guage if I am above or below the average 4 person family in MCO...
by skor99
Sat Aug 11, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

In summary, there is nothing average about your annual expense of 86K per year in an MCOL area. KlangFool Especially in light of the fact that the median household income in the US is only about $59K/year. I think you misunderstood what OP meant by "average". He was averaging out his expenses over ...
by skor99
Sat Aug 11, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

In summary, there is nothing average about your annual expense of 86K per year in an MCOL area. KlangFool Especially in light of the fact that the median household income in the US is only about $59K/year. I think you misunderstood what OP meant by "average". He was averaging out his expenses over ...
by skor99
Fri Aug 10, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

I went back and looked at my expenses for the past 15 years and averaged them out. This covers the period since my first kid was a toddler until now when the first one is ready to go to college and the other one is ready for high school. This also covers payoff of my mortgage ( for a 330 K home ) ,...
by skor99
Fri Aug 10, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

I went back and looked at my expenses for the past 15 years and averaged them out. This covers the period since my first kid was a toddler until now when the first one is ready to go to college and the other one is ready for high school. This also covers payoff of my mortgage ( for a 330 K home ) ,...
by skor99
Fri Aug 10, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Surprised not to see any responses. Thought this might be something that folks would like to discuss and compare to see if they are spending more or less. And what does that tell you. You are obviously spending ~2-3x as much as the average family of 4. But who cares if you can afford it. You could ...
by skor99
Fri Aug 10, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Surprised not to see any responses. Thought this might be something that folks would like to discuss and compare to see if they are spending more or less. And what does that tell you. You are obviously spending ~2-3x as much as the average family of 4. But who cares if you can afford it. You could ...
by skor99
Fri Aug 10, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

If you want more responses, I suggest you define "all expenses (except taxes)" more clearly. For example, should I include or exclude medical insurance premiums, FICA, parent support, property tax, charity, childcare, kid's education? What if I moved and sold the previous house? All expenses includ...
by skor99
Fri Aug 10, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Re: Average expenses in MCOL area for a family of 4

Surprised not to see any responses. Thought this might be something that folks would like to discuss and compare to see if they are spending more or less.
by skor99
Fri Aug 10, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2687

Average expenses in MCOL area for a family of 4

I went back and looked at my expenses for the past 15 years and averaged them out. This covers the period since my first kid was a toddler until now when the first one is ready to go to college and the other one is ready for high school. This also covers payoff of my mortgage ( for a 330 K home ) , ...
by skor99
Fri Aug 03, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Market price to sales ratio highest since dot com bubble
Replies: 3
Views: 343

Market price to sales ratio highest since dot com bubble

https://www.cnbc.com/2018/08/03/market-price-to-sales-ratio-highest-since-dotcom-bubble.html Does the price to sales ratio even matter ? As long as earnings are growing and a consistent definition of earnings is used, a company can make more money on less sales, thereby justifying higher prices. Any...
by skor99
Thu Aug 02, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6295

Re: Will dividend spending only portfolio last forever ?

Sure, the portfolio could last forever. Its just that you may not like the income you get years or decades from now. If the trend toward stock repurchases instead of cash dividends persists, dividend yields will eventually go too low to provide any meaningful income. Whether that occurs over your t...
by skor99
Thu Aug 02, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6295

Re: Will dividend spending only portfolio last forever ?

If somebody is able to plan their expenses in retirement to only spend dividends , then wouldn’t that portfolio last forever?(except for truly extreme circumstances). I know that the emphasis on this forum is on total returns, but dividend spending only maybe a way to enforce discipline on spending...
by skor99
Thu Aug 02, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6295

Re: Will dividend spending only portfolio last forever ?

Of course spending only the dividends is perpetual. If you just spend whatever the portfolio throws off in dividends the principle shares are never sold. Of course dividends fluctuate significantly so one year you may eat steak and another year dog food but oh well. That's what happens when you hav...
by skor99
Thu Aug 02, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6295

Re: Will dividend spending only portfolio last forever ?

And that’s my question. Do dividends get cut back to the point of dog food down from steak in normal recessions ? My understanding was they do not get cut back that much
by skor99
Thu Aug 02, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6295

Re: Will dividend spending only portfolio last forever ?

I am referring to dividends in a mostly diversified portfolio of mutual funds and ETFs and some blue chip stocks