Search found 163 matches

by BanquetBeer
Sun Jul 08, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 18573

Re: How I use I-ORP, and who shouldn't

I’m far away from retirement and much further from SS... I do wonder the effects of using those early years to step up basis on taxable vs Roth conversions (or cashing 3 years taxable at once to do Roth conversion the next 2 years without other income). The expected returns would probably make this ...
by BanquetBeer
Mon May 07, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 6418

Re: How much car to buy on $250K income, $200K NW, newborn on the way

25-40k depending on if you have a kid hauler/suv. For 40k you can get most mainstream SUV with top/near top trim package. If you don’t need something large, any car or small suv can be had for 25-30k
by BanquetBeer
Fri May 04, 2018 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest about 200K
Replies: 9
Views: 1219

Re: Where to invest about 200K

Would carve out emergency fund (20k?) pick a timeline 1-2 years, and invest the 80-20=60 plus any additional savings in either an after tax investment fund account or pay off mortgage etc.
by BanquetBeer
Fri May 04, 2018 5:22 am
Forum: Investing - Theory, News & General
Topic: Help me understand the "25x/30x cost of living" retirement goal numbers?
Replies: 17
Views: 1907

Re: Help me understand the "25x/30x cost of living" retirement goal numbers?

7% growth is very high estimate - since you seem to be taking it as after inflation returns. If you are 100% stocks you might get 10%-3%=7% real returns on average but the last several years we saw huge gains meaning returns need to drop if we are to keep the “average”. Add in bonds where “average” ...
by BanquetBeer
Sun Apr 08, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Thin/light but warm blanket for California winters?
Replies: 16
Views: 980

Re: Thin/light but warm blanket for California winters?

We got a tommy Bahama comforter at Costco that we use all year round. Like it a lot. Used to get decorative stuff but it never lasted in the washing machine. In winter we add in one of those fuzzy blankets you can get at probably Walmart on the cheap between that and a sheet. Summer we don’t really ...
by BanquetBeer
Sun Apr 08, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Higher total income in retirement than during working?
Replies: 51
Views: 4917

Re: Higher total income in retirement than during working?

as a reader of this forum for over a year - never seen this.
by BanquetBeer
Sun Apr 08, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 4756

Re: New Lexus LS or Tesla Model S

I agree that Lexus is the only luxury car that seems to have reliable low cost of ownership. I wouldn’t go German since I like to keep my cars long term.
by BanquetBeer
Sat Apr 07, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: !Please Advise on sensible housing for guy going through divorce!
Replies: 32
Views: 2890

Re: !Please Advise on sensible housing for guy going through divorce!

I agree on the near term 1 year lease until your wife moves and then go from there. As for the house - you already purchased it. If the kids live with you several months it would probably work out cheaper to keep the house. I would want to set some firm agreement on when she would vacate the house. ...
by BanquetBeer
Fri Apr 06, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 17289

Re: What can we learn from secret millionaires.

On the loan to pay for college issue - my time was much more valuable studying and taking an extra class vs working some min wage job. Because I took extra classes I could graduate in 4 years. An extra semester would have been $6-8k. Lost earnings from my graduation job would have been $30k. I paid ...
by BanquetBeer
Fri Apr 06, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Are we in bear territory?
Replies: 49
Views: 6382

Re: Are we in bear territory?

We had a good run and fundamentals are still strong. Lots of political drama with trade wars seem to be the anchor. We have opportunity to go either way depending on how this shakes out. I don’t know the future - seems like a coin flip scenario.
by BanquetBeer
Wed Apr 04, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11331

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

Very aware of Chinese culture/lifestyle and the cheap diet is rice, greens, tofu with more greens, eggplant, etc. small sprinkling in of fish or pork. And several soups with noodles, radish, greens, etc. My observation on Chinese cooking is when people spend more money they just start replacing vege...
by BanquetBeer
Tue Apr 03, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11331

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

I really do not want to live and eat like them for FIRE. As someone already said that life is too short. Chinese greens are very tasty (with garlic) and often cost $1/lb. Meat (that every scientific body suggests you should minimize for health) can be had relatively inexpensive for the cuts Asian p...
by BanquetBeer
Tue Apr 03, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11331

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

To me sounds like a lot of jealousy that they might enjoy their austere living and progress on their goal. Enjoyment isn’t always from spending money - most often I find it is from the people you surround yourself with. They use the term financially independent based on 11 years so somewhere around ...
by BanquetBeer
Mon Apr 02, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 61
Views: 9669

Re: What’s the magic savings rate???

- As other posters said, time is our biggest advantage - save now and the money will do the work in the long-run. Income you invest aggressively at 25 is worth 8X as income you invest at 46 (Rule of 72, 10% return, 7 years to double) 10% is a rosy assumption to begin with (100% stocks, average retu...
by BanquetBeer
Mon Apr 02, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: IRS free fillable form: confirmation of scheduled withdrawal?
Replies: 7
Views: 682

Re: IRS free fillable form: confirmation of scheduled withdrawal?

I always just pay on the irs website once I calculate what I owe. This year came within $1200 but rounded up to $1500 in case my numbers change a little when I double check. Figure the interest on $1200 out of my checking account for 1 month and $300 until I get return is something like $0.25 or les...
by BanquetBeer
Sat Mar 24, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3153

Re: $35/month for washer dryer rental?

This is more towards 1 year renters (probably most people) as compare $400 to buying a pair. I bought a set for my apartment (they had a similar deal). Cost me $250 and sold a year later for $200. Had to buy a dryer hose and electric cord ($30). Had a friend help carry and moved them in my truck at ...
by BanquetBeer
Sat Mar 24, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 7258

Re: How does it make sense to buy a condo/house in Texas?

I don’t know why people rentfor $3-400/mo when a membership at the YMCA is $70/mo and tent camping under the freeway is free. Case 1) $375k 2400 sq ft house with $10.5k/yr property tax/insurance Case 2) rent case 1 for $10.5k costs+Interest+$800/mo profit to landlord Case 3) rent a old/cheap apartme...
by BanquetBeer
Wed Mar 21, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17419

Re: Bought house six months ago - now feeling like we're treading water and can't save money

6) I am also 34, house currently worth $200k or so, make a 10% tithe from gross to church and other charities, and will start paying for religious private school shortly. Most people on this board think I'm nuts, but these are my priorities. For those that give a lot, charity planning should be a f...
by BanquetBeer
Mon Mar 19, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13144

Re: Can I Retire at 38?

Approximately $400,000 in taxable accounts. The rest of my new worth is in primary residence, rental properties, and retirement accounts such as 401k, 457, and ROTH IRA. If full retirement is not an option, I have also considered working consultant gigs for approximately $50,000 a year. I feel like...
by BanquetBeer
Fri Mar 16, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: New job transition and pregnant - when to inform employer?
Replies: 30
Views: 2690

Re: New job transition and pregnant - when to inform employer?

No rush. It isn’t in your best interest to share early as possible.
by BanquetBeer
Tue Mar 13, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Auto water sprinklers
Replies: 9
Views: 1094

Re: Auto water sprinklers

Installing sprinklers shouldn cost that much unless you have a huge yard. Sprinklers run $500-$1200 here depending on how complex.

Get a smart controller costs $200. Rachio or similar.
by BanquetBeer
Mon Mar 12, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Balsamic vinegar?
Replies: 31
Views: 3861

Re: Balsamic vinegar?

We've got both Kirkland and some good stuff in our pantry, the Kirkland isn't even close to it in terms of quality, consistency, and flavor. https://www.ocregister.com/2010/09/30/best-balsamic-vinegars-which-won-the-taste-test/ Kirkland Olive Oil and Balsamic have won several awards and they're usu...
by BanquetBeer
Tue Mar 06, 2018 9:07 pm
Forum: Personal Consumer Issues
Topic: Bathroom Quote
Replies: 19
Views: 2266

Re: Bathroom Quote

I replaced both faucets in my bathroom and it took maybe 2 hours (learnings included) all you need is plumbers puffy, wrenches, and a screwdriver. As far as hooking up the vanity, I assume it’s prebuilt? It’s just a PVC connection and 2 water lines. This is pretty basic stuff - can you get the cheap...
by BanquetBeer
Tue Feb 20, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Trade my BMW?
Replies: 45
Views: 2895

Re: Trade my BMW?

I haven’t experienced much maintenance on cars besides change the fluids and belts. I drive stick and look far ahead so I don’t use the brakes that much. What kind of maintenance do you expect from a BMW? How reliable is this model? With most of the depreciation gone I’d ask myself the cost of owner...
by BanquetBeer
Mon Feb 19, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 4508

Re: Sequence of returns risk while accumulating

Don’t like the monte Carlo aspect. Distorts the top and bottom ends (what was used for comparison). I am curious on the impact of timing in retirement savings. If your savings timeline is 25 years how do historic SRR impact your final balance if it occurs year 0, 5, 10, etc. for what will likely be ...
by BanquetBeer
Mon Feb 19, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sister is a good saver...she wants to buy a house now
Replies: 9
Views: 1025

Re: Sister is a good saver...she wants to buy a house now

If she won’t invest the money it’s still debatable if buying will be a better investment. Maybe but also $20k tax and some interest every year and repairs. Agree that these are separate issues. A wise friend once told me your primary residence is not an investment. It doesn’t generate income, only e...
by BanquetBeer
Mon Feb 19, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 10561

Re: Do you wear a wedding band? [at a job interview]

I did just this - knew/communicated before the wedding with SO I would not wear one (no jewelry). Partly uncomfortable and part because it’s prohibited at some work sites. I did wear it for my last interview because I was concerned about impression just like you. Think I wore it the first week too. ...
by BanquetBeer
Sat Feb 17, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 4122

Re: Mixing fuel octanes for cars

I fill up my tank at half empty. I alternate 93 octane with 87 octane at alternate fill ups for my 91 octane recommended engine. Not just turbo but high compression cars require premium as well. Several of the older 25k compact performance group require premium and get 30+ Mpg. I have a hard time i...
by BanquetBeer
Sun Jan 21, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 31
Views: 2716

Re: Pull back on retirement saving to increase savings for kids' college?

Up to you if you want to cover costs 100%; your guess is as good as any to the price tag. We put away about 2 years of current public university expense by age 4 and let the market decide how far that will go. Going back a few generations in our family I cant find anyone covering college expenses of...
by BanquetBeer
Sun Jan 21, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Starting LATE for retirement
Replies: 31
Views: 2795

Re: Starting LATE for retirement

Invest more money as you should have acquired more of the assets you need to live comfortably and be in your higher yearning years. Be realistic about your contributions, growth, and retirement timeline... I have see some posts about starting late with nothing and expecting large growth to solve the...
by BanquetBeer
Fri Oct 13, 2017 6:40 am
Forum: Personal Consumer Issues
Topic: Building additional garage - recommendations?
Replies: 26
Views: 1620

Re: Building additional garage - recommendations?

I would say don’t forget to oversize the space. You can fit a big car in but can you have a shelving unit or fridge in front of that car also? And then walk around it?
by BanquetBeer
Thu Oct 12, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 3246

Re: Going First Class

Wow lots of strong opinions against talking to people. I would guess most people would be surprised because when people travel they go for ~1 week and if you look at the upgrade cost (not shop for best FC price at beginning) it is usually a couple grand. Why spend a few grand for a week long flight ...
by BanquetBeer
Thu Oct 12, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 55
Views: 9499

Re: How young is too young to retire.

I would (and am) planning for around age 45. Doesn’t mean I agreed to that date in a blood oath. When I hit age 45 I might say I don’t have enough money or I want to only drive Ferrari’s.. a few more years work. Or maybe I have more than enough and want to live in a Buddhist temple. That’s a decisio...
by BanquetBeer
Tue Oct 10, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 3639

Re: Best weight loss resources?

Lots of comments. I can say I have had a constant weight for the last 12 or so years all by modulating intake. Activity level varied significantly - trained and ran a marathon but also went through a family illness The most active I was involved walking downstairs (elevator) for food. I observe peop...
by BanquetBeer
Tue Oct 10, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord
Replies: 54
Views: 6684

Re: 2018 Honda Accord

No bird's eye parking cameras on the 2018 Accord. The 2018 Camry has them. I find this to be a very useful feature. Also, the Camry has a naturally aspirated V6 rather than a turbo 4-cylinder. I would take the V6. In terms of seats, reviewers have complained that the seats in the 2018 Camry are too...
by BanquetBeer
Mon Oct 09, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 60
Views: 9724

Re: How big a portfolio should I have before retiring?

50x is very conservative for sure. But I wouldn’t do 25x unless I could dial it back A LOT during bad times. 30x with some buffer seems the sweet spot.
by BanquetBeer
Mon Oct 09, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 60
Views: 9724

Re: How big a portfolio should I have before retiring?

I view my SO and my expenses separately. I have to contribute my half to the pot each month. I plan to use a 3.5% SWR (~28x?) but this is on my desired spend. That is roughly double my actual spend so the plan B is to cut spending in a market downturn. Have some charitable plans around retirement ti...
by BanquetBeer
Sun Oct 08, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 2205

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

How would it differ tasking vacation vs fmla? If the company offers 12 weeks paid that is pretty strong opposition for any conversation where anyone would try to hold it against you. I wouldn’t worry - id take what I wanted. If they want to hold it against me and impact me, find another position or ...
by BanquetBeer
Sun Oct 01, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 19530

Re: $10 million+ - Still Working and LBYM

I'm confused - didn't you say like 250k of your 500k expenses are on your kids? Do you plan on supporting them indefinitely? Sounds like you should look at buckets: 1) living expenses based on empty next expenses starting now using a conservative SWR 2) additional money(added to #1) to carry you thr...
by BanquetBeer
Sat Sep 30, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 7402

Re: Is it a waste of money having your furnace checked every year?

A CO monitor is much cheaper than a furnace check. I might have it looked at if you have issues or reduced efficiency. Like AC you should pour bleach down the drain line annually to eliminate mold - maybe some furnace annual check list? My experience with the annual checks are you pay someone to try...
by BanquetBeer
Tue Sep 26, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 14719

Re: The Rolex and The Boglehead

I have no use for jewelry. I inherited an expensive gold watch. Haven't ever worn it. https://www.hodinkee.com/articles/talking-watches-with-jack-nicklaus I have inherited that same watch (unknown year by looks the same) - don't wear it because it's so flashy. Wear a smart watch if anything. Never ...
by BanquetBeer
Tue Sep 26, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Verizon TravelPass
Replies: 45
Views: 4244

Re: Verizon TravelPass

When I traveled a lot Google FI phone service was amazing. Data and texts same cost as domestic and calls still quite cheap. Not the best phones or plans. Would probably get a local sim now that I no longer use their service. Or buy a wifi hotspot with a local sim Always viewed travel plans with ver...
by BanquetBeer
Mon Sep 25, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I have to save?
Replies: 18
Views: 4250

Re: How much do I have to save?

Using 3% inflation factor will require $170,000 per year 18 years from now to be the equivalent of $100,000 expense level in todays dollars. Using a SWR of 3% you will need about $5,670,000 (18 years down the road) to be able to generate the required $170,000 per year. Using an 8% nominal return wo...
by BanquetBeer
Sat Sep 23, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 4573

Re: Luxury Car Purchase

If you're living on 70k from 3mil shouldn't be a problem to spend that kind of money on a car. Real estate does have risks specific to market but if those are risks you're willing to take. My only request is don't be one of those old people who finally buy a 500hp sports car and drive 50 in the righ...
by BanquetBeer
Sat Sep 23, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 148
Views: 13185

Re: What is your favorite reasonably priced bourbon?

My favorite in that whole category is glenlevit 15yr and TX whiskey.

TX is more caramel and smooth. https://www.frdistilling.com/tx-blended-whiskey/

I've tried many many different things but I'd have to say TX has been a crowd favorite. Only think I drink mixed is rum and coconut water.
by BanquetBeer
Sat Sep 23, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Finding a Driver
Replies: 26
Views: 3561

Re: Finding a Driver

Sounds like a lot of effort and money so they don't have to deal with different people!? Do you want the driver to wait around for 1hour while they eat or do you want them to possibly pick up another ride and be 30min late getting back? I don't see the issue with just using uber and getting whoever....
by BanquetBeer
Sat Sep 23, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: The money trail...import vehicle vs domestic.
Replies: 32
Views: 2839

Re: The money trail...import vehicle vs domestic.

I have no interest in buying an American car brand.. I have been in a lot of aging cars in my life and my experience tells me American cars do not hold up compared to Japanese. The American trucks have done ok but those are generally high dollar items.
by BanquetBeer
Sat Sep 23, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 29564

Re: Calling out the not so rich bogleheads

When I was in grade school I was smarter than 80% of the kids When I was in college I was smarter than 70% of my peers. When I got a job I was smarter than 40% of my peers. I changed jobs and now it's back to more like high school. It is good to be a big fish in a small pond. It was a challenge to a...
by BanquetBeer
Fri Sep 22, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: The money trail...import vehicle vs domestic.
Replies: 32
Views: 2839

Re: The money trail...import vehicle vs domestic.

My mom is the same way and will only buy "American" cars. She presently owns a Ford Fusion that was built in Mexico. I saw a list recently with US content for every car model sold in the US. The highest % surprised me. It was one of the Toyota models (I don't remember which). I had thought my Toled...
by BanquetBeer
Thu Sep 21, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 4573

Re: Luxury Car Purchase

Whoa. 3mil at 4% would be 120k/yr. Would anyone recommend buying a car = 1 year gross?! When you mention "used luxury car that costs 120k" all I can think of is how much is a oil change? Alignment? Or even worse if something breaks! Probably lots of fancy gadgets in there (do they have the auto retr...