Search found 359 matches

by BanquetBeer
Fri Dec 13, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: 25% tariff on Scotch - does this apply to tourists bringing back whisky from the EU?
Replies: 23
Views: 2084

Re: 25% tariff on Scotch - does this apply to tourists bringing back whisky from the EU?

The most I’ve managed was 14 bottles of wine. They never ask for additional duty. Based on my personal sample size of maybe 10x exceeding the limit. If you have a post customs connections - plan to pack it in checked bag, I don’t believe they check weight on recheck but wrap in your clothes to preve...
by BanquetBeer
Thu Dec 12, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Low water pressure/flow in house
Replies: 59
Views: 3959

Re: Low water pressure/flow in house

Some interesting observations in this thread; I do question some of them. If your plumbing looks like A->B->C->DEF where: A = City main B = Meter/pressure gauge** C = House inlet DEF = 3 showers If the small lines causing restrictions are located after point "B", the pressure at point B would not dr...
by BanquetBeer
Wed Dec 11, 2019 11:07 am
Forum: Personal Investments
Topic: FIRE Drawdown Plan
Replies: 62
Views: 6986

Re: FIRE Drawdown Plan

I’m surprised the current spend question hasn’t come up yet? I mean, sure you live in a HCOL location but if you currently spend 80k for a couple, even with geoarbitrage, you are going to take a significant lifestyle hit. Assuming you are totally fine with local foods, local housing, and local cultu...
by BanquetBeer
Tue Dec 10, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 112
Views: 5445

Re: How much car can i afford

I looked at the article and it appeared to be about salary and used some mysterious ‘net worth multiplier’ to get savings. The top 1% income at your age (based on linear interpolation) is $184k/yr and you make $88k. While $88k is a good salary (especially for a single individual without children) I ...
by BanquetBeer
Sun Dec 08, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 112
Views: 5445

Re: How much car can i afford

You’re asking on a financial forum when you don’t have ‘a lot of savings’. The question is what are your goals? This forum is about building wealth and spending $$$ on a car in your current situation will not do that. You can limp along to each new car purchase or you can delay gratification and bui...
by BanquetBeer
Tue Nov 12, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Offer - Monthly Big Mac in 2047?
Replies: 10
Views: 1543

Re: Pension Lump Sum Offer - Monthly Big Mac in 2047?

I didn’t even really look at my offer much, cashed out and rolled into 401k. With small dollar amounts like we have/had I don’t feel it is worth tracking separately. Just roll into larger account.

If the current cash value was closer to 100k, I’d start to feel differently.
by BanquetBeer
Tue Nov 12, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7957

Re: Do you charge your employer for the time that you spend working on your off days?

If you’re taking PTO and asked to do work, I would absolutely reduce the PTO used amount. 8h - 2h work=6h PTO. Now working late can be tricky. Are you earning good money like $100k or like $300k? Also is that 100/300 the top end compensation for your company or middle of the road? I don’t mind worki...
by BanquetBeer
Tue Nov 05, 2019 3:25 pm
Forum: Personal Investments
Topic: How long before retire?
Replies: 14
Views: 2447

Re: How long before retire?

Look at SWR and pick a number that works for you 3%-4% Figure out health insurance. I wouldn’t offer a blank check for college - set a dollar limit. Save most of that planned expense in a 529 but I’d cash flow the rest (from regular investments/savings) so you don’t ‘oversave’ in a restrictive plan....
by BanquetBeer
Thu Oct 17, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: SodaStream: a good replacement for Costco Kirkland sparkling water?
Replies: 25
Views: 2899

Re: SodaStream: a good replacement for Costco Kirkland sparkling water?

If you really want to get frugal, you can get a home brewing CO2 tank for $50. Buy a cheap regulator for $50. Get a hose attachment for $20. Now you have a ~5lb CO2 cylinder that can carbonate hundreds of bottles. Costs $15 to refill. Examples from online stores without looking for deals https://www...
by BanquetBeer
Sat Oct 05, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax guy my mom hired has me paying suspiciously high tax on investments
Replies: 46
Views: 6671

Re: Tax guy my mom hired has me paying suspiciously high tax on investments

You need to look up tax rates on undistributed profits from a trust. Tax rates are very high on any income (dividends) not distributed from a trust.

You shouldn’t pay anything on stock appreciation.
by BanquetBeer
Tue Oct 01, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 9719

Re: Car price ratio to NW

Since we all have variable passion for cars, the only rule of thumb I can suggest is don’t spend more than your emotionally willing to loose on a wreck. Say $50k car with $10k depreciation/deductible , maybe $2-5k in misc expenses (rental car, insurance increase, missed opportunity like a vacation d...
by BanquetBeer
Sat Sep 28, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5125

Re: Ideal income bracket target?

You have to keep in mind your traditional is earning exponential income on what would be taxed if moved, that's a lot of growth over 10-40 potential more years. I thought that there is no effective difference in value between a pre-tax and converted (Roth) account - provided you are in the same tax...
by BanquetBeer
Mon Sep 23, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1505

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

Must be an in person evaluation (online won’t work as that does not confirm if the unit was physically damaged) I would drive to any local appliance repair shop. Ask for a repair estimate - some may charge $20 for this. Make sure they document on the evaluation form that there was no physical damage...
by BanquetBeer
Wed Sep 18, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

Most accounts are managed online. We need to call in a few times a year and that is always a pain.
by BanquetBeer
Tue Sep 17, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

If they said “I’m sure you’re not a liar but you need to show me the statements” I would be upset about their communication style but not specifically their request. So it's the way it is said? It's ok to "trust but verify," but it's not ok to say it that way? Having the intent to verify what your ...
by BanquetBeer
Sat Sep 14, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

If you're not cheating you shouldn't have a problem sharing you phone login. I would have a real problem if my partner came to me and said "I trust you, and I don't think you are cheating, but I need to verify it so I need you to give me your phone so I can check your texts and emails just to make ...
by BanquetBeer
Sat Sep 14, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

What if your husband said that he trusted you and he really wasn't interested in hearing about how you were handling the finances anymore? Would it be reasonable for you to stop expecting him to be interested and stop communicating with him about it? If I was discussing my interest in photography o...
by BanquetBeer
Sat Sep 14, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Should we keep paying for this life insurance policy?
Replies: 18
Views: 1559

Re: Should we keep paying for this life insurance policy?

Yea, we dont know expenses but assuming if he dies the wife would get $20k from social security and $800*0.04=$32k Can the wife live off of $50k/yr? Other question, what does health insurance look like? If he gets cancer and has treatment for 3 years before he dies - how much will retirement savings...
by BanquetBeer
Sat Sep 14, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

I don't think it is silly. And you didn't answer my question, I agree it is good for the non-managing spouse to know what is going on, but what if he/she is not interested and does not want to know? Should you try to force the issue "for their own good" even if it causes conflict? How far should yo...
by BanquetBeer
Fri Sep 13, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8396

Re: Managing joint finances when one is a perfectionist

We were aware (in depth, review of accounts) starting prior to engagement but didn't "manage" anything jointly until kids (when major joint expenses hit). I manage most finances and records. We have separate and joint finances - separate for purchases beyond joint needs: $100 work outfit? joint. $30...
by BanquetBeer
Wed Sep 11, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: [Buying 1/2 pint milk in bulk for school lunches?]
Replies: 68
Views: 4645

Re: Buying 1/2 pint drinks in bulk for lunches?

May I suggest what my wife and I use for carrying beverages and often foods to work: a mason jar with a solid plastic lid rather than a canning lid. Freezer safe, machine washable, unlike a thermos. We dishwasher our kids thermos all the time? It’s rated for hot - if it only lasts 3 years instead o...
by BanquetBeer
Sun Sep 08, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: I'm gonna need a bigger TV...
Replies: 36
Views: 4551

Re: I'm gonna need a bigger TV...

My last TV was 10 years ago and I don’t plan to upgrade for another 5 (required new computer, receiver, cables, etc for 4K) If I was buying today I would opt for a 75” because 1) the cost delta over ~10-13 years is minimal 2) the cost delta (absolute) is not material and 3) the space we have the TV ...
by BanquetBeer
Sun Sep 08, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?
Replies: 44
Views: 3518

Re: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?

Haven’t seen it mentioned: rather than get a multimeter or something and do all this high tech measuring - the capacitor is there to start equipment (power draw to start is higher than run) If you go outside the the fan isn’t running but the compressor is... You can get a long screw driver, stick it...
by BanquetBeer
Tue Aug 27, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147555

Re: U.S. stocks in free fall

ruralavalon wrote:
Tue Aug 27, 2019 10:52 am
Pick a market high as a starting point, then you see a low return.

Pick a market low to start, then you see a higher return.

Big surprise.

Omit dividends and you get a false idea of returns.
Wouldn’t that have also been included in the worst 30 years starting 1929?
by BanquetBeer
Tue Aug 27, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147555

Re: U.S. stocks in free fall

Does anyone have historical perspective if preceding the past recessions the media talked about it with such confidence? I know there is always *someone* out there saying the market will crash or soar but it seems every news publication says it will crash in 1-2 years due to inverted yield. My thoug...
by BanquetBeer
Sun Aug 25, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147555

Re: U.S. stocks in free fall

My horizon is at least 50 years and probably 90 for the funds I hope to pass on. Heh, you're the first 6-year old I've seen on this site. Nice! Meh. I think he thinks that by the time we get that old, the average human will live to 110+. Maybe it is uncommon but I don’t plan on liquidating all my a...
by BanquetBeer
Sun Aug 25, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Another car affordability question, YOLO vs. extreme FI
Replies: 64
Views: 3827

Re: Another car affordability question, YOLO vs. extreme FI

$40-50k is a fair amount of money for a car. Why do you want this specific model? Do you want to drive something fun for a few years (consider buy something more used and keep for a few years then resell) or do you want a long term daily driver? (I have consistently heard bad things about VW past ~1...
by BanquetBeer
Fri Aug 23, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Foundation Repair Questions
Replies: 11
Views: 1041

Re: Foundation Repair Questions

I'm having some work done on a house with previous foundation repairs. Why we are at it, we've decided to add a few more piers and adjust the existing. Personally, I'm more inclined towards bell bottom piers than press piling in most cases. Thoughts: 1) You can't very depth of press pilings. If the...
by BanquetBeer
Sun Aug 11, 2019 6:19 am
Forum: Personal Consumer Issues
Topic: Vehicle Air horn
Replies: 29
Views: 2740

Re: Vehicle Air horn

I think about upgrading the noise of my horn every now and again. I would imagine there is something louder than stock that is a direct bolt in replacement without going to an air horn... Commenting because the reason for this desire is with all of the new car noise dampening and many people playing...
by BanquetBeer
Fri Aug 09, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147555

Re: U.S. stocks in free fall

I think you can have high stock allocation if you are flexible. At some point the delta on return will get you to the same $ in bonds with a lot more stocks to play with. My horizon is at least 50 years and probably 90 for the funds I hope to pass on.
by BanquetBeer
Fri Aug 09, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Silly question - what’s your largest non-essential item as a % of your net worth? Or, what is its dollar value?
Replies: 25
Views: 1878

Re: Silly question - what’s your largest non-essential item as a % of your net worth? Or, what is its dollar value?

I don’t spend money on things - too hard to keep up with (view accessorizing as a hassle rather than something I enjoy). I inherited a fancy watch, probably worth as much as my car now (in its mid lifecycle) - I keep it at the bank, haven’t ever worn it. Can only imagine the stress as I hit it again...
by BanquetBeer
Tue Aug 06, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: Simplifying iphone home screen for senior citizen
Replies: 12
Views: 822

Re: Simplifying iphone home screen for senior citizen

For our parents we did setup. You can use accessibility to enlarge icons. Main reason the iPhone is: I know how to fix/setup items for them without researching a 2nd operating system. They have better control of applications - parents can install whatever is available without worrying about virus/ma...
by BanquetBeer
Mon Aug 05, 2019 5:48 am
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 12278

Re: Insane to buy a sports car?

... ... ... "The OP is doing very well, but commenting as a boglehead" I am curious how you know the OP is doing very well. I have not been able to understand how much of his past savings came from a windfall and how much was his personal savings. Similarly I have not been able to figure out when h...
by BanquetBeer
Sun Aug 04, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 12278

Re: Insane to buy a sports car?

Seeing the comment now on windfall it seems OP is saving on average less than the 19+20= $39k/yr. I think it is premature to buy a $90k car because OP: 1) seems to spend most of his paycheck (high lifestyle) 2) Would likely continue to desire high cost cars when replacing 3) taking a large step chan...
by BanquetBeer
Sat Aug 03, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 12278

Re: Insane to buy a sports car?

What happened to bogleheads?! This is uncharacteristically pro-spending significant money without considering income/savings/etc. In the last 10 years, if you maxed out your 401k and Roth I'd guess you are hovering around $400k in retirement accounts. If you have $750k invested (no equity in a house...
by BanquetBeer
Fri Aug 02, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147555

Re: U.S. stocks in free fall

Gosh, held some company RSU to get the dividend (about 5 days from vest to ex div, as predicted recovered loss value in a day) - put in a sell limit order. Now I'll be waiting an indeterminate amount of time to get the cash as all stocks have cratered. There goes my bet on 1% of my portfolio value :...
by BanquetBeer
Thu Jul 25, 2019 8:13 pm
Forum: Personal Investments
Topic: Retirement Lump Sum & Scared to Drop It - Help!
Replies: 16
Views: 1631

Re: Retirement Lump Sum & Scared to Drop It - Help!

Not knowing a thing other than I should invest in the market (S&P500) I dumped a significant amount into the market (100% sp500) from a windfall maybe a month before the 2009 crash. That amount is (now) maybe 2-3x what I put in. My only regret was not buying in at a lower price. No thoughts about ca...
by BanquetBeer
Thu Jul 25, 2019 5:53 pm
Forum: Personal Consumer Issues
Topic: How much to tip at wedding
Replies: 24
Views: 2947

Re: How much to tip at wedding

If your going to ask for what their average tip is at contract price, I’d rather just ask for a flat fee price.
by BanquetBeer
Fri Jul 19, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 21144

Re: Has anyone seen the documentary "Playing with FIRE?"

Don’t see a”straw man” argument and people who use that or “money is fungible” always loose credibility in my eyes - always feels like an attempt to discount others opinions rather than address them. I agree that people on the extreme fringes probably have mental abnormalities - be it retiring super...
by BanquetBeer
Wed Jul 17, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 57
Views: 4942

Re: Garage Organization

My grandpa had a peg board and a workbench (cheap at home improvement store - ordered screws and spacers online). I did the same when I got a house 8 years ago. Been happy with that. Gave away the set of tools I had and bought one that came with a tool box (every piece fits in a place) cost me like ...
by BanquetBeer
Wed Jul 17, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: replacing mulch bed recommendations
Replies: 35
Views: 2774

Re: replacing mulch bed recommendations

the Rocks have been pretty good from what we did 3 or so years ago. Still some weeds and leaves build up in cracks and turn to dirt/weeds. Smaller rocks blow away easier with the blower.
by BanquetBeer
Wed Jul 17, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: Would you pay that much for parking?
Replies: 26
Views: 2164

Re: Would you pay that much for parking?

Do you both drive daily? Could consider 1 in and 1 out if you carpool in winter or something.

If you’re in 40s with no kids - probably not likely (less need for high savings) but you also don’t have much saved.
by BanquetBeer
Tue Jul 16, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Baking in the summertime?
Replies: 34
Views: 2701

Re: Baking in the summertime?

Looking at SEER ratings (based on 80/90F) and assuming you keep your house at 77F with outside temps of 110F A SEER 20 drops to about 6.6 With that decreased efficiency, every hour run a 1000W heater costs you (1000 + 144)/1000 = 1.144 kWh If your AC SEER is 15 that bumps electricity usage to 1.172k...
by BanquetBeer
Tue Jul 16, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: Baking in the summertime?
Replies: 34
Views: 2701

Re: Baking in the summertime?

Some people drive trucks some people drive Prius. The 2 often cannot understand the other person. I don’t like wasting resources - I don’t want to take more than my share even if I can afford to do so. We cook outside a lot in the summer heat. Also keeps the house cleaner. Summer months are high uti...
by BanquetBeer
Mon Jul 15, 2019 3:09 pm
Forum: Personal Investments
Topic: A Path to FIRE (or Semi-FATFIRE) in 10 Years
Replies: 2
Views: 879

Re: A Path to FIRE (or Semi-FATFIRE) in 10 Years

To clarify you have: $1.805 mil invested (excluding 529 & primary residence) If you want invested assets for your (risky at age 50) 4% SWR you currently have $1.054 mil (excluding rentals) You would need 6% return to make $4mill by age 53 investing $112k/yr until then for the next 12 years. (However...
by BanquetBeer
Sun Jul 14, 2019 9:41 am
Forum: Personal Investments
Topic: Investing in Oil Companies
Replies: 15
Views: 1309

Re: Investing in Oil Companies

We both work in oil - big reason we save as much as we can because future looks uncertain. If I look 20 years out, I imagine renewables will take a big chunk of energy production. Oil/gas will still be needed but likely as a reduced rate (certainly with reduced employees as automation takes more and...
by BanquetBeer
Fri Jul 12, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 15571

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

It makes the most sense to convert everything to Depreciated value of target income in retirement. Not sure the right terminology here but: If goal is 100k in today’s dollars and I save 50k I save 0.5x Next year, assuming 2% inflation, I would need to save 51k to stay at 0.5x and I would estimate 0....
by BanquetBeer
Fri Jul 12, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: 3 kids and 2 working parents - childcare costs
Replies: 17
Views: 1778

Re: 3 kids and 2 working parents - childcare costs

Keep in mind if your kids get sick - with daycare you need to take time off work. If your nanny gets sick, you may need to take time off. You can do cheaper daycare $1200-1300/kid but it will be supervision and not educational. How important is that to you at age 1-4? If you want a fancy house and h...
by BanquetBeer
Thu Jul 11, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 15571

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

"So do you really think you can make the adjustment from 400k a year expenses to 100k a year expenses?" I am pretty sure he is talking about a pre tax income of $500K per year. There is a lot going on here. The example was that with high income you have options. You can downgrade and still live a c...