Search found 359 matches

by RobLyons
Mon Jul 15, 2019 5:33 am
Forum: Personal Consumer Issues
Topic: Can the dealer be trusted?
Replies: 17
Views: 1875

Re: Can the dealer be trusted?

Hopefully not a rhetorical question* (albeit a naive one): should the dealer one purchases a car be trusted doing the PPI (pre purchase inspection)? Have a great mechanic who specializes in only 4 brands: Acura/Honda & Audi/VW. When I asked him about a PPI on a Mazda, in essence said "don't know th...
by RobLyons
Sat Jul 13, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Add a second job? Trader Joes, Home depot, ???
Replies: 38
Views: 4699

Re: Add a second job? Trader Joes, Home depot, ???

I worked for Home Depot a decade ago. One of the best benefits was the employee stock purchase plan (ESPP) that gave employees the opportunity to purchase company stock quarterly at a 15-20% discount. It's still available. Also part timers can participate in 401k with a small matching %. No discount...
by RobLyons
Thu Jul 04, 2019 5:56 am
Forum: Personal Investments
Topic: For anyone who retired early
Replies: 13
Views: 1573

Re: For anyone who retired early

There's probably a wiki article on it, but I wasn't able to find it. Short answers: 1. If she retires after reaching age 55 I believe her 403b withdrawals would be penalty-free. 2. Pre age 59.5 withdrawals from an IRA can be penalty-free if done via a properly executed 72(t) plan. 3. Roth IRA contr...
by RobLyons
Thu Jul 04, 2019 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 20000

Re: Do you share your net worth with family members?

No.

And I was offended when my much wealthier sibling/brother in law (who do not share any details of their own situation) asked me how much I earn at my current position
by RobLyons
Thu Jul 04, 2019 5:15 am
Forum: Personal Investments
Topic: For anyone who retired early
Replies: 13
Views: 1573

For anyone who retired early

Totally newbie question but I searched without an exact answer.. a coworker who has all her investments in her 403b and has a pension, will be hypothetically retiring early, probably at age 50-55. What do people do who retire early if you can't touch your retirement accounts/pension until age 62-67?...
by RobLyons
Thu Jul 04, 2019 5:11 am
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 3793

Re: Got more than enough for retirement. What to do now?

CDs, high interest savings accounts, lend or gift it to fellow BHs :D
by RobLyons
Tue Jul 02, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17536

Re: How much should I have saved for retirement by age 40?

It's completely individual!

Successful (future) retirees may have $1M by age 40 while others may have just $100k..
by RobLyons
Mon Jul 01, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4290

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

A car shouldn’t need anything at that mileage other than an oil change. All that other stuff is BS. Find a good local mechanic Toyota recommends brake flush every 30-40k - $66 Also throttle body cleaning is recommended - $90 (DIY for $10) Tire rotation - $55 after fees, taxes Tires on some models n...
by RobLyons
Sat Jun 29, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

It's my belief that TPMS generally causes more nuisance warnings than important notifications. Some are 28 to 35, others are 35 to 40, etc.. there is nothing dangerous about having tires 1psi over or under inflated. You can generally see when a tire is a little under inflated and yes a tire pressur...
by RobLyons
Sat Jun 29, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

It's my belief that TPMS generally causes more nuisance warnings than important notifications. Some are 28 to 35, others are 35 to 40, etc.. there is nothing dangerous about having tires 1psi over or under inflated. You can generally see when a tire is a little under inflated and yes a tire pressure...
by RobLyons
Sat Jun 29, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 3861

Re: how much to finance a new car at .9%

At 0.9% I would finance it all as long as you can make > 0.9% with the cash.. which isn't hard. Correct, but it should be 0.9% after taxes which depends on circumstances and state taxes but roughly 1.5%. Gotcha. Still not hard to beat! I'm just part of the crowd not minding debt if the numbers work...
by RobLyons
Sat Jun 29, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3023

Re: Have nice car but too OCD to enjoy it.

I don't drive a nice car because, I can't afford one.
However, if I was too OCD to enjoy something, I simply wouldn't own it.
Maybe donating your nice car to less fortunate is something you would enjoy more!! :D :P :greedy
by RobLyons
Fri Jun 28, 2019 6:45 am
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 3861

Re: how much to finance a new car at .9%

At 0.9% I would finance it all as long as you can make > 0.9% with the cash.. which isn't hard.
by RobLyons
Fri Jun 28, 2019 6:21 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Talk
Replies: 39
Views: 3724

Re: Bitcoin Talk

My concern with crypto, besides the fact it's all speculation, is who can get my money back if someone steals it? There is literally zero firms or agencies, to the best of my knowledge, that will help track down my lost or stolen bitcoin without significant fees.


So I'm out
by RobLyons
Thu Jun 27, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 8146

Re: Dave Ramsey says to give up employer 401K match to pay down debt

Glockenspiel wrote:
Wed Jun 26, 2019 9:13 pm
Dave Ramsey is essentially “personal finance for elementary school kids”, where Bogleheads is “personal finance for college graduates.” The education system is hideous and the vast majority of Americans don’t understand numbers.


Excellently stated!
by RobLyons
Wed Jun 26, 2019 4:35 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 8146

Re: Dave Ramsey says to give up employer 401K match to pay down debt

What if no employer match, and debt is at 5%.. Stop contributions until paid off?
And Roth contributions?
by RobLyons
Mon Jun 24, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 1485

Re: Used Minivan - Recommendations?

Toyota Sienna LE

We are on our 2nd and have been very happy with them.
by RobLyons
Sat Jun 22, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 111
Views: 16451

Re: How do Bogleheads buy cars?

I think it is funny the people here who are mocking Buick. It just was named one of the top 3 MOST reliable brands by CR. The bias towards Honda and Toyota on this board is funny. No doubt they make a good product but there are other products out there that make similar quality and gasp, maybe a be...
by RobLyons
Sat Jun 22, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

The $250 is a part of the overall cost of owning a dog of course with food, heart worm, flea prevention, etc. So I thought it was worth asking. Thanks! Sure understand, maybe missed that part of you paying your debt in one income and enjoying your pet. No, you didn't miss it. I failed to post my wh...
by RobLyons
Fri Jun 21, 2019 9:27 am
Forum: Personal Consumer Issues
Topic: Supplemental dental / dental savings plan?
Replies: 1
Views: 220

Supplemental dental / dental savings plan?

Searched board but couldn't find a similar question/situation. Does anyone here have experience with purchasing supplemental dental insurance? I carry the maximum dental coverage (Delta Dental Major) from my employer. Already paid out of pocket $500 some odd dollars for a crown for myself (only blem...
by RobLyons
Fri Jun 21, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

Think the vet bills, as part of your charity contributions, you pay the vets, the office admins, etc. to have some compensation to maintain their life. You help a small business in the community and you get some services for your pet as well. Also see $250 yearly as part of your passion, leisure, e...
by RobLyons
Fri Jun 21, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

I'm a veterinarian, so I have some room to chime in here. I did start to read through everyone's replies, but I'm at the point where I'm done doing my job for free. So here goes: Basic health care for animals includes the following: Annual to tri-annual rabies and distemper (techinically distemper/...
by RobLyons
Fri Jun 21, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 111
Views: 16451

Re: How do Bogleheads buy cars?

I think it is funny the people here who are mocking Buick. It just was named one of the top 3 MOST reliable brands by CR. The bias towards Honda and Toyota on this board is funny. No doubt they make a good product but there are other products out there that make similar quality and gasp, maybe a be...
by RobLyons
Thu Jun 20, 2019 5:31 am
Forum: Personal Consumer Issues
Topic: Single cup coffee/espresso options, 2019
Replies: 84
Views: 5420

Re: Single cup coffee/espresso options, 2019

We have a Keurig K55/K-Classic. $90 on Amazon and get pods for $0.30 from same source. It cranks through cups of coffee quickly and cheaply.
by RobLyons
Tue Jun 18, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

We have a rescue lab/pit mix about 10 years old. Sixth dog I've had in my life. Loved 'em all, but he's a dog and like all of our dogs he isn't our 4th child nor an extension of any of us as a humans. We have treated all about the same. This one has been to the vet about 7 times and that included a...
by RobLyons
Tue Jun 18, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

There are good vets and bad vets. Good vets are worth whatever they charge. Do you "replace" your kids if they have high medical bills? How about the spouse, is he/she out the door if they get costly? Dogs are not "children", nor are "children" dogs. I value people much more than animals. Many cons...
by RobLyons
Mon Jun 17, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

Yukon wrote:
Mon Jun 17, 2019 9:30 am
Quit taking the dog to the vet.

I wish. He has to stay up to date with rabies in order to keep his dog license. And this visit was follow up from his Lyme disease.
Spacing out our trips after this
by RobLyons
Mon Jun 17, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

Also frustrated with these high costs. In many cases the costs are more than we charge humans.... Yearly boosters aren't always necessary, especially in healthy pets. You can check antibody titers for pretty cheap independently of your vet by mailing a blood sample to several online labs. Of course...
by RobLyons
Mon Jun 17, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

Do you board him? If not he doesn't need the kennel cough. Other than that I would say it is the cost of responsible pet ownership and the fee's seem in line with what I pay. Edit: Also, if he has been on heartworm preventive I would question the need for the heartworm test. We don't board him. I d...
by RobLyons
Mon Jun 17, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

Re: How to avoid high vet bills?

Be willing to "replace" the dog sooner - and do not spend much at all on vet bills. I grew up on a farm - and most folks had dogs - BUT spent very little on vet bills. Usually cheaper to replace the dog than spend a lot on these vet bills. Today was a follow up from his Lyme disease. These are just...
by RobLyons
Mon Jun 17, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 555
Views: 49242

Re: Why are you NOT buying rental properties?

1. Can't afford rental property in my area
2. Don't want the headaches of bad tenants, busted pipes at 1am, etc.
3. Don't know enough about the subject to attempt
by RobLyons
Mon Jun 17, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 6482

How to avoid high vet bills?

We have a 5 year old black lab mix (with Sharpei) that we got from a local shelter when he was a pup. Only problem has been lime disease but that's been treated. We have a good local vet that we trust. But I have noticed every time I take him for a checkup, the bill is $150-$250 for well visits. So ...
by RobLyons
Sat Jun 15, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 67
Views: 4547

Re: IPhone 6 - showing some age

ifixit.com

Repair yourself for cheap. They have guides / tutorials and all the supplies you need
by RobLyons
Sat Jun 15, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 212
Views: 22047

Re: How have your homes as investments done?

North of Boston My house. 3br 1 full bath, 2 1/2. 1750sq ft plus partially finished basement (total 2200sq ft if finished) 2012 $335k purchase price - currently $475k-$525k (potentially $600k) My mortgage is cheaper than most 2 bedroom apartments here Parents home. 3br 1 bath 1150sq ft 1988 - $155k ...
by RobLyons
Sat Jun 15, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9055

Re: How safe are pensions in the U.S.?

Personal experience here. Over the past 5 years, our pension system (at very large, financially stable healthcare organization) was modified twice. First, the annual return on current holdings was reduced from 6.5% guaranteed return to 5% for all employees. Secondly, a new pension system was created...
by RobLyons
Thu Jun 13, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5758

Re: How are your 30s financially different than your late 20s?

I'm about to turn 30 this year and am curious what this next decade will bring. I already have a young child, a marriage, home, and career so curious if it gets much different and if there is anything financially I should prepare for. I already have a will, life and disability insurance, and have s...
by RobLyons
Thu Jun 13, 2019 12:58 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3467

Re: Purchasing home with less than 20% downpayment experiences?

A close friend purchased his home with 5% down and within 5 years was able to dump PMI based on skyrocketing home values. PMI was around $150/month and didn't bother him.
by RobLyons
Wed Jun 12, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: Toyota Sienna tire replacement at 12k miles
Replies: 72
Views: 4118

Re: Toyota Sienna tire replacement at 12k miles

I recently had a tire issue that I was able to contact the tire manufacturer and they offered a discount on new tires. I had this done at the dealership, and the rep applied the discount after talking to the tire manufacturer. Worth a shot. Also, we had to replace our Sienna tires early. We were und...
by RobLyons
Tue Jun 11, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 4324

Re: Thinking of leasing bmw 3 series

I've leased and it was a good experience. I had similar anxiety about fees related to scratches, dings, dents etc. I lost a key and it was going to cost around $300 but was able to find cheaper online. Are you only interested in bmw? I ask because Lexus may be more reliable in the long run, if that'...
by RobLyons
Mon Jun 10, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 3824

Re: Preventing Identity Theft

I contacted SSA after I was unable to create a my ssa account. They recommended contacting the FTC for further resources to prevent identity theft at 202 326 2222. This leads to a giant loop of pre recorded prompts that does not actually help the consumer. So I recommend not attempting to contacting...
by RobLyons
Mon Jun 10, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 3824

Re: Preventing Identity Theft

Create your "my Social Security" account at ssa.gov, even if you're young. Arguably, sign up for USPS Informed Delivery. Both of these to prevent someone else from doing it. Set up alerts on your financial accounts. It is impossible to create a "my social security" account at ssa when a credit free...
by RobLyons
Mon Jun 10, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 272
Views: 25714

Re: Can I afford this 2.3 million dollar home?

stoptothink wrote:
Wed May 29, 2019 6:32 pm
"Normal people" don't belong anywhere near this thread. You are earning 15x-20x what "normal" households do.


^ This!!


Those numbers are mind boggling to this middle income family of 4. :shock: Just two to three years of that income would take us from debt riddled (now) to FIRE.
by RobLyons
Fri Jun 07, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund to pay debt
Replies: 25
Views: 1786

Re: Emergency fund to pay debt

How low (in terms of months of expenses) would you take an emergency fund to pay off student loan debt that's at 5.5%? Family of four with two equal incomes and relatively predictable employment situations. Almost identical situation here, family of 4 with debt at 5.375% but 1 main income. In a tru...
by RobLyons
Fri Jun 07, 2019 6:38 am
Forum: Personal Consumer Issues
Topic: Everyone ought to be required to have an umbrella policy and life insurance!
Replies: 13
Views: 1472

Re: Everyone ought to be required to have an umbrella policy and life insurance!

I despise the insurance industry. They are a designed ripoff scheme and forcing people to carry such insurance is not the answer. (It may be the answer for a very small percentage, such as in the case you presented, but I'm talking about the other 99.999% of people). Most people living pay check to ...
by RobLyons
Mon Jun 03, 2019 6:30 am
Forum: Personal Investments
Topic: Do I need a financial planner or investment advisor or just this forum?
Replies: 30
Views: 2986

Re: Do I need a financial planner or investment advisor or just this forum?

I tend to agree most people do not need a financial planner/advisor if they stick around here. However, since the cost is so low in comparison to the net worths of a majority here on the board, (we are talking 0.00001%) I would advocate for utilizing one especially if you aren't interested in spendi...
by RobLyons
Sat Jun 01, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 334
Views: 91282

Re: How to Minimize Your Emergency Care Expenses

Great thread. Interesting personal story relating to emergency care expenses. I'm employed in healthcare, have full benefits and a decent understanding of how things work. Last year, son (8) had appendix out emergently at closest, local community hospital that's considered out of network. He was in ...
by RobLyons
Fri May 31, 2019 6:45 pm
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 74
Views: 6963

Re: For those of us that can't max contribute

OP, a little late to this party on fees available, but can you confirm 100% that there are no wrap fees in your 403b plan? These are hard to find, and don't attached themselves to the Expense Ratio. Instead, they are typically charges by the custodian (my 403b has institutional Vanguard funds that ...
by RobLyons
Thu May 30, 2019 6:58 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 74
Views: 6963

Re: For those of us that can't max contribute

Interesting that you would max 403b first before Roth IRA. What's the reasoning behind this? That's because your 403b offers excellent institutional index funds with very low expense ratios, lower than you could get in an IRA at Vanguard. Your 403b offers Vanguard Institutional Target Retirement fu...
by RobLyons
Wed May 29, 2019 5:10 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 74
Views: 6963

Re: For those of us that can't max contribute

I would only pay the minimum on the student loan, the interest rate is too low to worry about and the added money can go in to your retirement savings. This is contrary to what most were saying here. Why would you not pay extra on the student loan? It's a guaranteed 5.375% return. By the way thanks...