Search found 152 matches

by il0kin
Thu Dec 13, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 174
Views: 12538

Re: What Happened to you during the Financial crisis of 2007–2008

There is a lot of really valuable information shared here! I am still fairly young at 29, so the 08 experience was basically when I was in college. I(we) have done the following things.. -eliminate consumer debt (only a few thousand on a car payment left) and student debt, only debt is a mortgage on...
by il0kin
Wed Dec 12, 2018 9:33 pm
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 67
Views: 5002

Re: Lyft driver got into an accident, but denies it

If you opt-in for location sharing with Google Maps, open the app and click on the Your Timeline activity, it will show your travel history including moving/stopped time. This will be helpful in corroborating your claim.
by il0kin
Tue Dec 11, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 38
Views: 1778

Re: Hyatt Legal Plan for Will and Trust

I enrolled in my employers Hyatt Legal plan for 2019. I was able to log in to their website to find in-network attorneys and emailed about 5 of them. All attorneys said their experiences were painless and that I would be treated exactly the same as a private pay client, they just bill Hyatt directly...
by il0kin
Wed Dec 05, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Home Question, What Would You Do?
Replies: 21
Views: 2108

Re: Home Question, What Would You Do?

Move, in a heartbeat. You have far more in assets than the home purchase price and your income even on the high purchase price end is still under 2x gross income. Life is for living - enjoy your new home with your family! :sharebeer
by il0kin
Mon Dec 03, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4288

Re: Home Purchase Price vs. Gross Income

Reading threads with conversations about setting yourself/family up for financial success even through hard times, I’m curious what other Boglegeads ratio of home purchase price is vs. gross income and whether you live in a LCOL, MCOL or HCOL. For my family, it was about 1.93x at time of purchase a...
by il0kin
Sun Dec 02, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4288

Re: Home Purchase Price vs. Gross Income

Reading threads with conversations about setting yourself/family up for financial success even through hard times, I’m curious what other Boglegeads ratio of home purchase price is vs. gross income and whether you live in a LCOL, MCOL or HCOL. For my family, it was about 1.93% at time of purchase a...
by il0kin
Sun Dec 02, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4288

Home Purchase Price vs. Gross Income

Reading threads with conversations about setting yourself/family up for financial success even through hard times, I’m curious what other Boglegeads ratio of home purchase price is vs. gross income and whether you live in a LCOL, MCOL or HCOL. For my family, it was about 1.93x at time of purchase an...
by il0kin
Fri Nov 30, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Losing job soon but have big nest egg -- problem?
Replies: 25
Views: 4749

Re: Losing job soon but have big nest egg -- problem?

Just want to give an update from the OP. I ended up finding another job before I lose my original job but with a 30% paycut. But the new job is less stressful, in the city proper so i get to network and allow me flexibility. I did a recalc on my investments and i think I will work for another 10 ye...
by il0kin
Wed Nov 28, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: My mutual funds are declining, please help!
Replies: 54
Views: 5091

Re: My mutual funds are declining, please help!

Folks this is clearly a troll post.. don't bother responding any further.
by il0kin
Sat Nov 24, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9702

Re: What financial information do you share with your family and relatives?

We give our adult kids our updated financial information every year. It's on a list and includes financial institutions, account numbers, amounts, insurance information including long term care, social security benefits, etc. They also have a copy of my and my wife's will. We don't want them to hav...
by il0kin
Sat Nov 24, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9702

Re: What financial information do you share with your family and relatives?

We give our adult kids our updated financial information every year. It's on a list and includes financial institutions, account numbers, amounts, insurance information including long term care, social security benefits, etc. They also have a copy of my and my wife's will. We don't want them to hav...
by il0kin
Fri Nov 23, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9702

Re: What financial information do you share with your family and relatives?

I’ve discussed details with my siblings and parents to some extent. I’ve helped my two younger siblings (at their request) get plans in place, advised on jobs/benefits and share our personal plans with them. They have their heads on straight and live within their means, just wanted advice on details...
by il0kin
Sat Nov 10, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4087

Re: tipping for grocery delivery

With regard to aging in place, while you may. It get sales (this seems to vary by grocer locally), it has to be cheaper than paying a personal assistant type helper person $15-20/hr to run errands for you if you are truly confined to your home for mobility or whatever other reasons. My grandfather h...
by il0kin
Sat Nov 10, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4087

Re: tipping for grocery delivery

My God, people. They are pulling all the items according to your notes (green bananas for example, driving them to your home and bringing your groceries into your kitchen for you! Give them a couple bucks. If you don’t want to tip someone who is saving you time and effort, just go to the store yours...
by il0kin
Mon Nov 05, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12892

Re: Are we in trouble?

Your net worth appears to be somewhere around $0 at age 47. Yes, you made a mistake!
by il0kin
Fri Oct 05, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Meat Grinder recommendation?
Replies: 11
Views: 1075

Re: Meat Grinder recommendation?

I hunt and fish and enjoy cooking and reading about preparing wild game. LEM and Weston grinders have the best reputation among those communities for reasonably priced grinders. Avoid the KitchenAid attachment as you said, they are a pain. Metal gears are preferred for heavy duty bulk grinding among...
by il0kin
Fri Sep 21, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7908

Re: Hubby soon to be laid off

Is it an option to sell the 2 family home you live in now and move into a lower cost option such as a condo and pay cash? I'm not familiar with Boston real estate, but you probably aren't going to want to deal with the headaches of owning/renting a multi family home as you age.
by il0kin
Wed Sep 19, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Attic Insulation Removal/Replacement Costs
Replies: 16
Views: 1350

Re: Attic Insulation Removal/Replacement Costs

OP again - we do have soffit vents and the company will be installing the baffles to let them breathe. Currently the soffit vents are completely covered by insulation! I am a big DIYer and pretty handy but I agree with the posts above, some things just aren’t worth the trouble for the savings. I wi...
by il0kin
Wed Sep 19, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25768

Re: What is your single most expensive mistake?

Freshly graduated from college, trusted a “friend” who put us in an expensive whole life policy. Wised up within a year, took the hit on the couple thousand contributed to get out, and spent the next few months reading and learning. It cost us a decent chunk of change but has paid off as we started ...
by il0kin
Wed Sep 19, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Attic Insulation Removal/Replacement Costs
Replies: 16
Views: 1350

Re: Attic Insulation Removal/Replacement Costs

OP again - we do have soffit vents and the company will be installing the baffles to let them breathe. Currently the soffit vents are completely covered by insulation! I am a big DIYer and pretty handy but I agree with the posts above, some things just aren’t worth the trouble for the savings. I wis...
by il0kin
Tue Sep 18, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Attic Insulation Removal/Replacement Costs
Replies: 16
Views: 1350

Re: Attic Insulation Removal/Replacement Costs

Thanks for the feedback, they are definitely focusing on a good air seal job. In true Boglehead fashion I was able to negotiate an R-60 install for $2950 instead of R-49 and signed the contract today.
by il0kin
Tue Sep 18, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Attic Insulation Removal/Replacement Costs
Replies: 16
Views: 1350

Attic Insulation Removal/Replacement Costs

We are looking at having our attic insulation removed and replaced. I believe it is original to the house, approx 35. years old blown fiberglass. It is quite dusty/musty (can smell it in the main floor of the house at times, especially if the attic fan is on) and was not installed properly (no soffi...
by il0kin
Sat Sep 15, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Then and Now - Lucky Me, Lucky You?
Replies: 10
Views: 959

Re: Then and Now - Lucky Me, Lucky You?

What’s the point here, exactly?

Would have been nice if your generation had the forethought to consider all of these problems and put people in office who could have controlled the costs younger generations are now saddled with. But hey, screw the next generations, you got yours, right?
by il0kin
Thu Sep 13, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 3572

Re: Buying a house 1 mile away from a municipal landfill

Nope, nope, nope, nope. Best advise from my realtor was "If it worries/concerns you, it will concern a future buyer just as much!"

I wouldn't even buy a house on a main road, let alone 1 mile from a landfill. Withdraw the offer ASAP.
by il0kin
Wed Sep 12, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6726

Re: Hurricane Florence - survival guide

A good tip for people evacuating is to freeze a cup of water and set a quarter on top once it’s frozen. If when you come back and the power is on, and the coin has sunken down, you know your food thawed and is not safe to eat. (Assuming the power comes back on before you get back)
by il0kin
Wed Sep 12, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6726

Re: Hurricane Florence - survival guide

+1 to kill the power at the main if either the house starts flooding or if you’re leaving and believe your house may flood. It is usually at the top of the breaker box. Quick way to die on re-entry into flooded basements etc
by il0kin
Wed Sep 05, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a condo by a university
Replies: 11
Views: 1179

Re: Investing in a condo by a university

What’s the purchase price? $76,000 tax assessment might not be what it sells for. Condos are also harder to sell except in HCOL areas, which Houston is not. That said, if purchase price is $76,000 and you’re profiting $200/mo (and saving it all for maintenance) it does fit within the standard RE inv...
by il0kin
Mon Sep 03, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18931

Re: How to Retire in Your 30's with $1 Million in the Bank

I became interested in seriously saving in large part due to the FI/RE community, but have no delusions about retiring in my 30s. One particular piece of motivation for me is that I worry about a combination of ageism and artificial intelligence becoming increasingly problematic for the labor force....
by il0kin
Thu Aug 23, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3106

Re: Healthcare Careers

I work in the healthcare field, although on the technology side, but for a health system. Nursing is as strong as ever and it is VERY easy to find a job in a nursing unit if she is not terribly picky (brand new nurses do not generally get the pick of the litter on jobs, they usually get hired into w...
by il0kin
Mon Aug 20, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4077

Re: How do you pay for purchase of a vehicle in retirement?

I’m a long ways from retiring, but it seems like most married people are still driving two cars in retirement based on the posts here. Wouldn’t it make sense to go to a single car? I guess it depends on your lifestyle, but it seems like an easy way to free up $500+ monthly whether you’re making a pa...
by il0kin
Mon Aug 20, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5538

Re: How much do you put away in investments?

15% to investments + 3% match and then 2% goes into cash savings for things like home maintenance and vacations. Daycare is expensive and when that eventually ends I plan for us to go up to about 22% + match and then be able to enjoy some extra cash flow for things like home renovations we want to d...
by il0kin
Fri Aug 17, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Young family: Capital Allocation Question, Home vs. Investments
Replies: 5
Views: 520

Re: Young family: Capital Allocation Question, Home vs. Investments

I know we don’t market time around here, but I’d be awfully wary of sinking that much money into a long running bull market. I’m also very debt averse and would want to minimize my monthly expenses in case of future job loss, so if I were you, I’d pay for the house in cash. You’ve got many years to ...
by il0kin
Fri Aug 10, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2686

Re: Average expenses in MCOL area for a family of 4

I went back and looked at my expenses for the past 15 years and averaged them out. This covers the period since my first kid was a toddler until now when the first one is ready to go to college and the other one is ready for high school. This also covers payoff of my mortgage ( for a 330 K home ) ,...
by il0kin
Fri Aug 10, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2686

Re: Average expenses in MCOL area for a family of 4

I went back and looked at my expenses for the past 15 years and averaged them out. This covers the period since my first kid was a toddler until now when the first one is ready to go to college and the other one is ready for high school. This also covers payoff of my mortgage ( for a 330 K home ) ,...
by il0kin
Fri Aug 10, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2686

Re: Average expenses in MCOL area for a family of 4

I don’t have an exact number, but if I recall correctly last time I checked it was approx 60k per year without daycare (not a permanent expense) and an extra $9600 for daycare, so all-in I’ll say 70k.

Edit: Also MCOL, family of 3 soon to be 4
by il0kin
Fri Aug 10, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Home Addition Finance
Replies: 48
Views: 2903

Re: Home Addition Finance

A little bit of relationship advice, and different scenarios, but my wife wanted to have a 2nd child fairly quickly after our first one (he is now 3 and we are having the second in a few months). We went back and forth on it a bit because I didn't feel comfortable with the debt we had at the time a...
by il0kin
Fri Aug 10, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5429

Re: Air Conditioning? [How to finance?]

An additional piece of advice given to me by a friend who is a city inspector - MAKE SURE the HVAC company pulls city inspection permits!! It is far too easy to get fleeced on a bad install and have no recourse. Call the city permitting department and ask which companies pull permits regularly.
by il0kin
Fri Aug 10, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5429

Re: Air Conditioning? [How to finance?]

The company that I had install our new condenser last year partners with Wells Fargo for a 12 or 18 month 0% offer. I don’t normally finance things, but sure, might as well cash flow it in the 0% situation. If the cost is too much to pay off in a year, a HELOC might be the right answer.
by il0kin
Tue Aug 07, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4969

Re: Dear BH, what are non-BH [financial] actions you do?

I check my balances several times a week, look at the S&P 500 trend daily and don’t have a budget. Our household only saves about 20% and we aren’t able to max our 457s yet. But, we have some serious daycare expenses and once those are finished up, I fully intend to max! It’s a marathon not a sprint...
by il0kin
Mon Aug 06, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4969

Re: Dear BH, what are non-BH actions you do?

Im a police officer on the road at work and my wife is a physical therapist that does home care so we are both buying lunch out a lot during working hours. We don’t have that office or microwave to pack lunch or heat up left overs. It adds up but could be the first thing we cut back in if we needed...
by il0kin
Sat Aug 04, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Making a mistake considering a new job?
Replies: 31
Views: 2284

Re: Making a mistake considering a new job?

I keep thinking about this thread! Another aspect to this situation, IMO, is that you should really be making hay while the sun shines. Another economic downturn will come someday. Layoffs may be rampant. Tech employees (and I am one of them, although not at a huge $$ start-up or FAANG type company,...
by il0kin
Fri Aug 03, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Making a mistake considering a new job?
Replies: 31
Views: 2284

Re: Making a mistake considering a new job?

4 more years to get above your retirement goal just with vested RSUs, not including what I am sure is a very good salary which you are saving a healthy % of... at which point you can semi-retire. Yeah, you are crazy. I'd say stick it out but that isn't even the right phrase, maybe "lounge it out" is...
by il0kin
Fri Aug 03, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Home Addition Finance
Replies: 48
Views: 2903

Re: Home Addition Finance

A little bit of relationship advice, and different scenarios, but my wife wanted to have a 2nd child fairly quickly after our first one (he is now 3 and we are having the second in a few months). We went back and forth on it a bit because I didn't feel comfortable with the debt we had at the time an...
by il0kin
Thu Aug 02, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 3121

Re: Car price ratio to NW

I hope it isn’t done by NW, since I’m fairly young and my mortgage still outweighs my retirement and liquid assets. I don’t think car dealers take negative money!
by il0kin
Wed Aug 01, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Durable Dress Shoes for Commute
Replies: 36
Views: 2461

Re: Durable Dress Shoes for Commute

Lots of folks switch to more comfortable commuter shoes before leaving, no big deal. I felt too silly wearing tennis shoes, so I now wear a pair of dark brown leather Sperry Top-Siders which are very comfortable to walk in for me, yet still look business-y enough that I don't feel like a dweeb. I wa...
by il0kin
Wed Aug 01, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Worth it to get 300 Mbps internet?
Replies: 61
Views: 44372

Re: Worth it to get 300 Mbps internet?

No, probably not worth it. Read this: http://www.plugthingsin.com/internet/speed/

Most average households are probably only consuming 10-20 mbps at once when using a number of devices, streaming, etc all at once. Latency is what matters, more so than mbps.
by il0kin
Wed Aug 01, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Land Purchase Possible or Forget About It?
Replies: 20
Views: 1883

Re: Land Purchase Possible or Forget About It?

Have you had success bowhunting it? We are talking like a grand total of 15 acres with all the hunting access you have, right? I'm a fellow hunter so I can definitely see the non-financial side of this and understand wanting to have a little place of your own to hunt and get away. Some things are no...
by il0kin
Thu Jul 26, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10494

Re: Toughest Purchase of my Life. Engagement Ring time

Happiness is not measured in dollars and cents - if you love the woman, and want to spend the rest of your life with her, it will be worth every penny. Give her something she can be PROUD of, engagement rings are not something to skimp and save a few bucks on. Buy it and never look back!
by il0kin
Thu Jul 26, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2186

Re: What Comes Next After Establishing Personal Finance Basics?

If you're considering a will, you might as well establish a revocable living trust for you and your wife when you speak with an estate attorney. It's easier to add things into the trust as you purchase them rather than re-deed and re-title things later on. Is this a good step to take before buying ...
by il0kin
Wed Jul 25, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2186

Re: What Comes Next After Establishing Personal Finance Basics?

If you're considering a will, you might as well establish a revocable living trust for you and your wife when you speak with an estate attorney. It's easier to add things into the trust as you purchase them rather than re-deed and re-title things later on. This allows you to avoid probate and have ...