Search found 133 matches

by BanquetBeer
Fri Oct 13, 2017 6:40 am
Forum: Personal Consumer Issues
Topic: Building additional garage - recommendations?
Replies: 26
Views: 1344

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: 2613

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: 8513

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: 2661

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: 5707

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: 52
Views: 7179

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: 52
Views: 7179

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: 1836

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: 17207

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: 6426

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: 11968

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: 3589

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: 3977

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: 3879

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: 95
Views: 6627

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: 3213

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: 2404

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: 26455

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: 2404

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: 3879

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...
by BanquetBeer
Thu Sep 21, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Gaps in new hardwood flooring
Replies: 52
Views: 3504

Re: Gaps in new hardwood flooring

I would check F&D for discount and talk to floor guys about how well the filler would blend. If not I might go with engineered hardwood for time reasons (were happy with it over real wood).

You can do a cheap remodel or a perfect remodel. If you want nice and cheap (relatively) buy a new house.
by BanquetBeer
Wed Sep 20, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Chest freezers
Replies: 15
Views: 1609

Re: Chest freezers

If you're using it as extra short term freezer space frost free is fine. If you want long term deep freeze don't do it - freezer burn is real.
by BanquetBeer
Wed Sep 20, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17203

Re: Who has needed to use their umbrella insurance?

Most people here talk about $1mm coverage... isn't it the coverage for $450k to $1000k (liability coverage of $550k between these amounts). That makes it 2x as expensive.

Probably still worth it but this was confusing me.
by BanquetBeer
Tue Sep 19, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income [Financial Independence]

Any tips on ways to move up income ladder without being doctor, lawyer, engineer? If we could get to 150-160k sooner than later it would be game changer for us. Engineer here... no idea. What I do see is engineers are good at identifying problems, proposing a solution in compliance with standards, ...
by BanquetBeer
Tue Sep 19, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income [Financial Independence]

:confused 37!! Most people aren't even at their peak earning period at that age. Even 45 is VERY young to stop working. Clearly if you have the resources, that's great. But in all the stories I've read about this situation, one of the main problems these very young retirees encounter is that none of...
by BanquetBeer
Tue Sep 19, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income [Financial Independence]

If you are saving half of 160k/yr that is 80k/yr. 4% of 2 million (if that is what you have saved up) is 80k/yr. So it looks like you could quit 160k/yr to live exactly like you do now, where you do now so that makes you FI. OK, maybe a couple more years to fund private medical insurance and other ...
by BanquetBeer
Tue Sep 19, 2017 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Help With Rental Property Decision
Replies: 30
Views: 2085

Re: Help With Rental Property Decision

I would sell. Time to sell depends on price vs market value. If you drop the price 10k it will likely go quickly. If you are not making fair compensation for your investment and it is causing you stress - take the loss and move on. Sounds like you have cash flow issues and don't have any cash saving...
by BanquetBeer
Mon Sep 18, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 26455

Re: Calling out the not so rich bogleheads

I lived great spending about 30k in my 20s - could have reduced more on the bar tab but I was keeping up with the coworkers (and having fun). Now I spend 50k/yr and that is with kids ($18k/yr daycare and expenses) and other items like yard/maid ($2k/yr) and many other fancy things to keep the SO hap...
by BanquetBeer
Mon Sep 18, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 4204

Re: Worth buying an excessive priced house?

Lots of people getting caught up on this. You have a high enough income you can afford the house - just depends how you want to prioritize your re$ource$. Some comments about pools - might be low cost or could have settlement/root issues that cause $. There is some element of chance - can't prepare ...
by BanquetBeer
Mon Sep 18, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 51
Views: 4770

Re: Memory Foam Mattress Recomendations

Costco sleep science king cost us $500 on sale. Been happy for years.

https://m.costco.com/Sleep-Science-10%2 ... 72925.html
by BanquetBeer
Mon Sep 18, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 968

Re: Short term disability insurance

Most (quality) companies offers STD and LTD paid for. Maybe not generous but what I have seen is about a year at some portion of pay. You don't have enough money to self insure completely (you can't live on SWR of 500k) but you have enough to make the decision to skip the 1/20th insurance premium. A...
by BanquetBeer
Mon Sep 18, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: USPS lost very important certified mail - What next?
Replies: 46
Views: 5318

Re: USPS lost very important certified mail - What next?

USPS is the reason we are pushing towards digital email and payments. They are simply terrible. You can get some escalation talking to managers in Washington but nothing will come of it. I don't know if you have any insurance or financial recourse with usps? Banks will always waive fees when I ask. ...
by BanquetBeer
Mon Sep 18, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3596

Re: How much do you spend on "entertainment"?

For bars I used to go out a lot, always preferred cheap places ($1 small cups or $3 pints) but did spend significant time at $5/pint places. But monthly bills totaled $2k for food/gas/car/beer/etc (everything outside of apartment and utilities) Nowadays I buy beer at home because it's hard for me to...
by BanquetBeer
Sun Sep 17, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income [Financial Independence]

If you made mid 6 figures (150 or 500, however you look at it) sure you can (and I do save a lot) but do you really want to quit at 30 and live in a rural are for the rest of your life? Medical risk flashes for me. I've saved agressively - roughly half my income since I started working but it takes ...
by BanquetBeer
Sun Sep 17, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5948

Re: What is FI if you love your job?

It seems like you need to address your dissatisfaction with your current spending/savings ratio. I save roughly 50% and pay taxes/live on the other 50%. I don't feel like I'm missing out on anything and actually I often feel like life is overly comfortable (miss having to work for things to some ext...
by BanquetBeer
Sun Sep 17, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 726

Re: Pension - cashout?

Both from the same former employer, I switched to different formulas. B) is typical 80 point plan A) is alternative plan. Not really sure about formulas or inflation options, I believe taking early has large penalties for 80 point. It was never a large enough amount to really research the details. I...
by BanquetBeer
Sun Sep 17, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Pension - cashout?
Replies: 6
Views: 726

Pension - cashout?

Not sure if this is the right forum for the question - I guess new rules have allowed cashout of pension so I am seeking advice on best path forward. I have 2 pensions, one I can cash out any time (A) and planned to wait for a downturn. Another I just got an offer (B). Plan would be roll over to 401...
by BanquetBeer
Sun Sep 17, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: REIT vs. Rental Property vs. Pay off the mtg
Replies: 43
Views: 3090

Re: REIT vs. Rental Property vs. Pay off the mtg

Another forum I was on got into a big real estate debate. Outcome seemed to be you might make more money than stocks but it does take significant work to make that money. There is also a large risk is loosing money (bad renters, natural disaster, local market valuations). If you want the work and ri...
by BanquetBeer
Sat Sep 16, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income

Household income: $225k (until recently, $400k+) Target portfolio value for FI: $2m in today's dollars (but aiming for $2.5m for extra cushion -- by age 55) I, too, disagree that expenses are wholly unrelated to income, especially when you're looking to put the kids through (top) colleges. We striv...
by BanquetBeer
Fri Sep 15, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: How can I be more savy about taxes?
Replies: 15
Views: 1857

Re: How can I be more savy about taxes?

Walk through the forms and read the instructions. The tillable forms part on the main page (for those with high income) are a great source to see where all the additional schedules and forms fit in. You will still miss some if you don't know (like Roth conversion form 8###?) The forms really take yo...
by BanquetBeer
Fri Sep 15, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20205

Re: Let's talk about your FI # and family income

My part of income: $165k My half of expenses: $55k (+taxes) My part of intended retirement goal: $3.9mm (2017 dollars) To me retirement planning will include marriage risk. Don't want to get divorced and have to go back to work because I can't make expenses on my own. Little to no risk I would loose...
by BanquetBeer
Fri Sep 15, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Should I upgrade an old but functional vanity?
Replies: 23
Views: 1499

Re: Should I upgrade an old but functional vanity?

You can buy a modular vanity for like $300 (cheap and nic option) and install yourself. Tearing that out would cause maybe $50 in drywall work but flooring underneath is unknown. On a 500k house I think the impact vs cost should not be a big swing either way should you replace it. (You're talking ab...
by BanquetBeer
Thu Sep 14, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9449

Re: Retirees-anyone miscalculate how much was needed?

It is hard getting caught up in life. After waking up at 5, work, watching the kid until SO gets home around 6 where we eat dinner - I'm pretty exhausted by the end. I don't have a life these days. Used a week vacation for a hospital stay (and probably a few grand when I get the bill). Pre relations...
by BanquetBeer
Thu Sep 14, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6507

Re: Have X times your salary saved by age Y.

Better to look at your goals on when you want to retire vs what you have saved.

40x is a bit much for me unless you are talking income <$60k. 30x is plenty to cover your costs if you have room for unexpected.
by BanquetBeer
Thu Sep 14, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9449

Re: Retirees-anyone miscalculate how much was needed?

I find the thing I want control over most is my timeline. When do I wake up, when do I run errands. I need to get gas today and I need to go shopping at Costco this week. Would love to do so outside of peak hours. Since the hurricane there is usually a 3-4 car wait for gas at Costco during my commut...
by BanquetBeer
Wed Sep 13, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19652

Re: Is it really Worth it to brown bag your lunch at work?

I'm being judgmental but I don't understand how some people eat the Same lunch everyday for like 20/30 years. Routines are good but wow oh wow. I bring my lunch like 3 times a week. If you can't or are not interested in doing it yourself, great. But, with the possible health and financial benefits,...
by BanquetBeer
Tue Sep 12, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: New or used Lexus ES300h?
Replies: 25
Views: 2598

Re: New or used Lexus ES300h?

I tend to plot out points to find depreciation. Then compare if early depreciation is worth the cost. If you're $28k in 3 years and you can sell a 10 year old for 7k It will cost you something like 3k extra (28-7)/(10-3) = 3 k/yr late depreciation vs 4K/yr early depreciation 1k yr difference * 3 yea...
by BanquetBeer
Tue Sep 12, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19652

Re: Is it really Worth it to brown bag your lunch at work?

I look at people I know making in the $50K-$75K household income range and they spend just as much if not more on food as compared to our spending at approx $250k household income. Eating healthy to me means -> I get to control what is added to my food (fats, salts, etc) and selection of food. It i...
by BanquetBeer
Tue Sep 12, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Large portable generator vs. permanent natural gas generator for home
Replies: 67
Views: 4605

Re: Large portable generator vs. permanent natural gas generator for home

I wonder how much of a tesla power wall and solar power you can get for that price. Seems like enough to run fridge, tv, and lights but probably not AC (window unit in bedroom?)
by BanquetBeer
Tue Sep 12, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19652

Re: Is it really Worth it to brown bag your lunch at work?

I mean, let's say lunch is $25 and then you add a rum and coke for $10, also gotta have desert so cake is $4 extra! When I bag my pb&j (free jam from chick filet!) with tap water I save easily $38.50/day. Invested in bitcoin that is $85billion at retirement age of 82! Have we reached an appropriate ...