Search found 204 matches

by BanquetBeer
Sun Nov 04, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Help With Backdoor Roth
Replies: 8
Views: 458

Re: Help With Backdoor Roth

Her amount will cause tax. Once you add in after tax amounts for conversion they become mixed. Any conversion to Roth will no longer be any pure amounts but the mixed amount (7.8+5.5 = 13.3k mix, all of it being 5.5/13.3=~59% taxable) So no matter what you rollover to an IRA this year, she will be p...
by BanquetBeer
Fri Nov 02, 2018 4:13 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17063

Re: Why I'm 100% stocks

Bonds have risk also (puerto Rico, Argentina, etc) and many of those (I heard) we’re wrapped up in bond funds that obscured the risk. I don’t think *well diversified mutual funds* are any riskier than bonds for total failure (0% value left). If you’re talking about market crash then yes, I am firmly...
by BanquetBeer
Wed Oct 31, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: First Born - Financial Changes?
Replies: 6
Views: 780

Re: First Born - Financial Changes?

I thought exemptions went away 2018 (in addition to SALT) so who knows if you will end up ahead or behind? Kids? Just be prepared to spend more. A lot more. Higher FSA from now on. Get familiar with your insurance doctor search. Join the mommy Facebook groups to get info, help/advice, and lots of us...
by BanquetBeer
Tue Oct 30, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17063

Re: Why I'm 100% stocks

Let me start by repeating the advice I received for not investing in my company stock: you have your future working capital tied up in that company, you shouldn’t also put your stock there. So even with ‘100% stocks’ my future earnings make it less so. Also when I lost my job I got a roughly 70k sev...
by BanquetBeer
Sat Oct 27, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What A Deal! [Affordable Care Act policy costs]
Replies: 28
Views: 3987

Re: What A Deal!

Lol, I know y’all are trying to show that medical is worth it but you’re also advertising where their money is going. We pay in, don’t mind helping those who are unfortunate medically. Who knows if we will be in the future? That’s why it is insurance - nobody wants to pay for others and nobody wants...
by BanquetBeer
Sat Oct 27, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2264

Re: Should I lower Savings Rate?

We reduce our savings rate as needed. With kids we gave ourselves a 10% raise last 2 years in a row (child care expenses) but think that level will hold steady from now on. If you don’t want to retire early, even in 10 -15years time you will probably have enough to retire even without contributions ...
by BanquetBeer
Thu Oct 25, 2018 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7562

Re: Reaction to Market

I logged in 3 times over the last couple days.. bought $3000 in 529 for the new baby. Unfortunately I always front load the purchases. Would be nice to know the future but don’t beat yourself up over what you could/should have done. Just plan your path forward. I have sold stocks once to change allo...
by BanquetBeer
Sun Oct 21, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82740

Re: How much money do you want to retire?

I’m 31; goal of about $4mill at age 45. Started with target of about 120k/yr in 2017 dollars (to answer a similar question my spreadsheet multiplies that target by annual inflation numbers; including some % of the current year. Example: 120*(1+2.2%+2.5%+2.7%*223days/365) This is my share of things, ...
by BanquetBeer
Sun Oct 21, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82740

Re: How much money do you want to retire?

Also I would like to see the math on how one even gets to $5m unless one has a household income well over $300k per year. I disagree. If you live on around half your income this number can easily be hit in 27 years if you save around 75k/yr. Could retire by 50. True I don’t know why you would want ...
by BanquetBeer
Sat Oct 20, 2018 7:08 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17289

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I didn’t read the millionaire next Door as a prescriptive tale. When I read it it was more of ‘in these situations, this tended to occur - for better or worse’. There is the variability on the individual - some may be good with money and some may get ruined by it. Your friend with a trust likely cou...
by BanquetBeer
Thu Oct 18, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2566

Re: flat for the year

Yes, I was mostly looking at this excluding contributions. I did some asking around to colleagues and my understanding is the oil sector isn’t booming. Stories of projects being pushed out due to steel tariffs or accepting lower ROI. The tax cut ‘hurt’ my company per the CEO (not currently paying ta...
by BanquetBeer
Wed Oct 17, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2566

Re: flat for the year

(approx) 44% S&P 500 44% Total Market 11% International 2% Wellesley Gain including dividends = 4.38% YTD Using my Jan 12 recording date = 1.001% My observation is with the midterms coming up and everyone on the radio telling me how great the economy is doing; I am not seeing that in my investments ...
by BanquetBeer
Wed Oct 17, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2566

flat for the year

I took my monthly account balance on January 12, 2018 (large variations around that time) but my accounts (that I didnt contribute to) are basically flat YTD. Bit of a surprise to me since everyone has been talking about this great economy. I guess at least I can take credit for a ~9% increase in as...
by BanquetBeer
Fri Oct 05, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5291

Re: Mr. Money Mustache is the BOMB!

And the part about health care, unrealistic, just uproot and move to another state or another country?! Can I just move to another country just like that?! I'd love to move to Canada, will they take me? Can someone who's a Canadian citizen adopt me please?! :P Most countries require you to have a j...
by BanquetBeer
Fri Oct 05, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17289

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I haven’t seen studies about the negative impacts of inheritance but I haven’t really read or looked for them. I have seen results of broke people getting money - but that is very different. I want to retire early enough that my SWR has to be closer to perpetual vs some set number of years. Then by ...
by BanquetBeer
Fri Oct 05, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13744

Re: Correlation between the FIRE movement and one of the greatest bull markets

Yes, the 2008 recession is the key factor, not the bull market that came after it. The 2008 recession revealed that just putting your head down and living the "American Dream" is a lie. That much of American life is built on waste that we can't actually afford, but had been paying for on credit. An...
by BanquetBeer
Wed Oct 03, 2018 5:52 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17289

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

Would rather expand on this graph (more options). I’m sure most of us at bogleheads have a better life expectancy probability (have access to healthcare, finances to get checked out, etc) I’m am not aware of anyone related to me who died in their 70s but the probability I’m seeing would make me feel...
by BanquetBeer
Tue Oct 02, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2475

Re: Water Leak During New Home Construction

I’d rather they fix it right than quick. Projects always have delays.

You could try to get some kind of extra when they redo the work but also keep in mind he is likely eating all the rework cost out of his profits. How big is the builder?
by BanquetBeer
Tue Oct 02, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Retired Dilemma - dividends vs accumulating
Replies: 10
Views: 1581

Re: Retired Dilemma - dividends vs accumulating

Nobody has an better solutions then you can read on the wiki. Doesn’t matter if you split accounts of keep combined. 300k from 15mill should easily provide growth every year with a conservative bogl head strategy. Could just do 10mill total stock, 5 mill total bonds, forget it until it’s time to reb...
by BanquetBeer
Tue Oct 02, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: How many months/years of living expenses do you save each year?
Replies: 29
Views: 3477

Re: How many months/years of living expenses do you save each year?

I save about 1.5 years of current expense but 70% of planned expenses. If you add in stock gains of 10% then those numbers go to 4x and 1.7x

But my expenses are pretty low because I split them with my SO.
by BanquetBeer
Mon Oct 01, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 62
Views: 10912

Re: Anyone want to share their monthly budget? Here's ours

We could probably save like $500 to move them to a place that just provides supervision as opposed to lesson plan/learning. By the time the second kid is school age, will have to evaluate private school tuition vs moving nearby with higher house cost plus taxes vs moving to suburbs with the long com...
by BanquetBeer
Mon Oct 01, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 62
Views: 10912

Re: Anyone want to share their monthly budget? Here's ours

Wow, some of you really track stuff in detail. Spending Budget ~$120k annually. Monthly: $2100 house $3300 child care $150-450/mo utilities $50 Internet $1500 estimated tax (beyond withholdings) $175 auto/supp life insurance/umbrella Rest goes to credit cards for groceries, travel (minimal as you ca...
by BanquetBeer
Sat Sep 29, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance? $$ and duration
Replies: 18
Views: 1638

Re: How much term life insurance? $$ and duration

Yea, you probably don’t need much without kids. Your wife can work and probably remarry. I bought life insurance at the low end for what I want now. Combined with our assets, should be enough that my SO won’t have to work if she wants to reduce lifestyle and I die tomorrow. (Like move to suburbs sin...
by BanquetBeer
Wed Sep 26, 2018 5:40 am
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4400

Re: Anyone ever tired of managing hair and consider shaving to go bald

Lol sounds like more work to keep shaving your head than having hair.

I Have mine cut short, maybe finger length. The only effort I put in between monthly haircuts is shampoo. It sounds like maybe you worry too much about style or something.
by BanquetBeer
Sun Sep 23, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11646

Re: Minimalist Lifestyle

We have a number of possessions, much less (at least dollar wise) than our peers. You need the basic stuff to get by in life and right now with babies/kids I have given up until they get a bit older. When I was a teenager I gave up on buying lots of possessions in part due to frugality (because I re...
by BanquetBeer
Sat Sep 22, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6626

Re: My Very First Smartphone — Please Critique This Plan

iPhones are quite nice. Less security risk (as evaluated by megacorp IT). I would test out both to see how you like the experience. Apple does host classes to teach you how to use products. Screen size is important. Spend some time looking at it and putting it in your pocket. If you go android, woul...
by BanquetBeer
Tue Sep 18, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25473

Re: What is your single most expensive mistake?

Close friend lost 100k on a stock short tied to bitcoin (computer parts, high demand in part but not solely based on bitcoin). Floored me a bit.

My mistakes have been limited, maybe around $1k or so. I don’t really dwell on it because we all make errors and the trajectory is the important part.
by BanquetBeer
Tue Sep 18, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Fixing diamond ring
Replies: 19
Views: 1419

Re: Fixing diamond ring

I have waited/watched at independent jeweler while they fix similar issues. Wouldn’t go to the mall stores anyways. Can always tell them your concern and ask for help in identifying the diamond though a loop yourself for ‘ease of mind’ (even if they let you watch) just for future experience.
by BanquetBeer
Tue Sep 18, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 3147

Re: Experiences downsizing to single car

I get the cost of 2 luxury cars but if you have a regular car and a cheap used base model it would be hard to imagine a cost of more than $1-2k/year
by BanquetBeer
Sat Sep 08, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3222

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Read post ‘had oil changed last year, it’s possible it is low but haven’t checked it since’. Check post date (sept 2018). You changed your oil a year ago and haven’t checked it since? Even if you don’t drive much.. that seems extreme. Especially if you don’t know your car (several issues with new ca...
by BanquetBeer
Sat Aug 18, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6230

Re: Savings rate per month???

This. Never understood why people include an employer’s 401(k) match. The match is gravy; it wasn’t taken out of your paycheck. Because it feels disingenuous to provide a savings rate where you have (gross+employers contribution)/(gross) Yes you can’t go spend it (easily, you can always cash out yo...
by BanquetBeer
Sat Aug 18, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8603

Re: Credit Card Fraud - $30K

Surprise to me you monitor your credit score more frequently than your account. Don’t you check all your accounts monthly? Seems main impact to credit would come after non-payment and may result in contacting credit company later than their requirements for fraud alert.
by BanquetBeer
Sat Aug 18, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Soap for hand washing dishes
Replies: 40
Views: 2288

Re: Soap for hand washing dishes

Possible to use a brush or scrub pad if she wants something to hold? We use the dishwasher so whatever we use to rinse fat/food debris off doesn’t matter. I’d prefer to do more up front than clean dishwasher disposal or deal with rewash.
by BanquetBeer
Sat Aug 18, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6230

Re: Savings rate per month???

My spending has increased by maybe 25% over time (~10 years) due to wage increase while holding savings rate about the same. Marriage doubled our total spend but also added more “costs” - main gain was efficiencies of living together (split housing, cooking) While it is easier to save a higher % at ...
by BanquetBeer
Fri Aug 17, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6230

Re: Savings rate per month???

Early 30’s, 2 kids, both work, separate finances. I save 40-50% gross (inc bonus/401k in numerator and denominator). Pay taxes and spending out of 50-60% That has been going down slowly (from 50%) as kids grow and we feel more comfortable with our finances. When kid #2 can start kindergarten will ha...
by BanquetBeer
Tue Aug 07, 2018 5:47 am
Forum: Personal Consumer Issues
Topic: Getting the stink out of synthetic shirts
Replies: 37
Views: 2693

Re: Getting the stink out of synthetic shirts

The fibers on most synthetic are inviting to bacteria. Some fibers are ant bacterial (thinking tencel and of course wool) are anti microbial.

The bacterial comes from your skin - do you use anti bacterial soap?
by BanquetBeer
Sat Aug 04, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6323

Re: Effect of Current Income on Decision to Retire Early

..... SQRT, << I think the better metric is added savings as a percent of current nest egg. If it is small, ie 2-3% working more isn’t that significant. If it is larger ie, 5-10% it can be quite important.>> I disagreed. And, I can prove this with a simple example. A) If your portfolio is 50X your ...
by BanquetBeer
Sat Aug 04, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Large Bank to Small Bank, Yes or No?
Replies: 17
Views: 1699

Re: Career Move: Large Bank to Small Bank, Yes or No?

Very similar question to what engineers face. Work for a major company or a minor. Major companies spoon feed you small bits but you tend to get better long term benefits (insurance, retirement) and you really learn the technical aspects. Smaller companies you get to do more with less oversight but ...
by BanquetBeer
Fri Aug 03, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Gated communities pros and cons? (Atlanta or anywhere.)
Replies: 67
Views: 4530

Re: Gated communities pros and cons? (Atlanta or anywhere.)

People keep mentioning solicitation as such a huge benefit... I think we get 2-3 people a year knocking on our door. Is this really such a burden for people?
by BanquetBeer
Wed Aug 01, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Time to sell my 2003 Accord?
Replies: 33
Views: 2209

Re: Time to sell my 2003 Accord?

I say if you make >100k/yr I would replace. If the car is 15 years old (25k-3k)/15 years = about $1,450/yr or $125/mo cost of ownership. Those repair prices seem fairly cheap. How much longer do you want to keep the car? 1-5 years more? How much money are you really going to save extending the car l...
by BanquetBeer
Wed Jul 25, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 5060

Re: Passing the second SSA Bend Point - Reversible?

I found those numbers more useful. If I earn at or close to SS cutoff I know I can work for about 23-25 years and be at the 2nd bendpoint. 22+(23-25)=(45-47) years old. So close enough for an approximation. I mean, if your budget is dependent on +/-$100 per month at age >66 maybe Work another year a...
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: 20070

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: 6955

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: 1319

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: 2126

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: 1052

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: 5350

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: 5447

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: 3046

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: 18123

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 ...