Search found 71 matches

by Charon
Sun Sep 23, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7839

Re: Physical Banking - Any benefits anymore?

I'm sure most of the students at the couple of small, no-name colleges we have in this town have never set foot in a B&M bank and would regard it as a quaint habit of their grandparents! Are you sure? Have you been in them? I frequently see college students at my local credit union. Also, the stude...
by Charon
Thu Aug 23, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12268

Re: Good Non-Boring Boglehead Cars Under $30k

Well.. Bigger wheel comes with bigger tires, which allow better grip on the asphalt. It's not everything but it's one factor of breaking. A simple friction model in basic physics says this is not true. Do you have evidence that it is? The primary effect on braking is going to be from the coefficien...
by Charon
Thu Aug 23, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12268

Re: Good Non-Boring Boglehead Cars Under $30k

5) How do you define fun driving dynamics? Handling, power, other? Handling, steering, size feel (don't want a car that feels heavy/big) mostly. Power not critical just don't want it to be slow. As long as it is ~7.5s 0-60 or faster it's fine. I'm curious how often it matters to have a 0-60 that's ...
by Charon
Thu Aug 23, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Where to buy engagement ring?
Replies: 56
Views: 4032

Re: Where to buy engagement ring?

I like Brilliant Earth because they have a good selection of estate jewelry. They also seem to be the primary way to get lab diamonds these days. Lab diamonds are substantially cheaper than mined diamonds (ignore articles from a few years ago claiming they're not much cheaper - check current prices...
by Charon
Thu Aug 23, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6380

Re: Co-habitation agreement - ??

Show of hands - who did thorough background checks and independently verified all work history, financial assets, and previous relationships of everyone with whom you cohabitated? Yes, I'm including those of you who married at 22. Yes, it's worth being cautious because of the wealth gap later in lif...
by Charon
Wed Aug 08, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: input on trip to Spokane, Coeur D'Alene
Replies: 25
Views: 1722

Re: input on trip to Spokane, Coeur D'Alene

Have fun on your trip! I second cmwhal's recommendation of Italia Trattoria, but disagree on Central Food. It seriously disappointed me and my dining companions both times I went, with mediocre and overpriced food. I won't be returning (except to buy bread... the bakery is great). If your travels ta...
by Charon
Wed Aug 08, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3721

Re: Saving Enough for Retirement vs Vacation Home

I see most think we are behind on retirement savings anyway.... As I said before, we would also rent out our place a little to make some more income, but that can be a whole different problem as well! I missed your $300k brokerage account the first time around. (I would recommend clarifying your or...
by Charon
Wed Aug 08, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate with option to go back to work
Replies: 9
Views: 775

Re: Withdrawal rate with option to go back to work

Count me as a skeptic that you'll be able to return to work at any point, particularly after, say, 30 years out of the job market. Ease of finding a job drops rapidly with length of unemployment ( https://www.weforum.org/agenda/2016/08/the-longer-youre-unemployed-the-less-likely-you-are-to-find-a-jo...
by Charon
Wed Aug 08, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4890

Re: Is solar power for your home a worthwhile investment?

In actual total average cost, rooftop solar loses to just about everything. Even with federal subsidies, it's not great. Meanwhile, utility-scale solar and wind beat just about everything, even without subsidies ( https://www.lazard.com/media/450337/lazard-levelized-cost-of-energy-version-110.pdf ),...
by Charon
Wed Aug 08, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3721

Re: Saving Enough for Retirement vs Vacation Home

I don't agree with the "max retirement savings at all times under all circumstances" mentality that seems common on BH. I believe you should spend and save money wisely in ways that will make your whole life better, and there are fun things you can do at 35 that you simply can't at 75 no matter how ...
by Charon
Tue Aug 07, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 13732

Re: "Age in Bonds" fails almost everyone

Apart from the emotional side of risk tolerance Don't dismiss what is one of the biggest threats to people's savings - buying high and selling low. Maybe you have the stomach to not do anything during a massive market freefall that people are saying is the next Great Depression with no end in sight...
by Charon
Tue Aug 07, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111363

Re: Anyone regret paying off mortgage early?

Seems like a weird question. You could just as well ask if anyone who owned bonds or CDs in 2012 regrets it. Or if anyone who owned total stock market in 2012 instead of dumping it all into Tesla stock and Bitcoin regrets it. Compare mortgage payoff to 30-year treasuries instead of 5-year CDs if you...
by Charon
Mon Aug 06, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 13732

Re: "Age in Bonds" fails almost everyone

Apart from the emotional side of risk tolerance Don't dismiss what is one of the biggest threats to people's savings - buying high and selling low. Maybe you have the stomach to not do anything during a massive market freefall that people are saying is the next Great Depression with no end in sight...
by Charon
Mon Aug 06, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: CD ladder for money needed in 3-5 years?
Replies: 5
Views: 635

Re: CD ladder for money needed in 3-5 years?

I currently have about $30K in a 1% APY online savings account This seems fairly low for an online bank these days... Ally is at 1.75%. -- money I expect to need liquid in 3-5 years. I realize I could do a bit better with a CD ladder - 6mo, 1 year, 2 year, 3 year. Does this strategy make sense or s...
by Charon
Mon Aug 06, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I close a newly opened card that I no longer use?
Replies: 18
Views: 979

Re: Should I close a newly opened card that I no longer use?

I would close it, because additional complication just occupies mental space. I don't know if this will have a slight impact on your credit score, but even if it does, positive or negative, you shouldn't care. You speak of having a "really high" credit score, so I assume you're over 800 FICO, perhap...
by Charon
Mon Aug 06, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Talk to me about Le Creuset
Replies: 53
Views: 6143

Re: Talk to me about Le Creuset

Depends on what you're cooking. I do a lot of tomato-based sauces in mine, and you absolutely need the non-reactive enameled surface there. I hear ya, But I think the “no tomato on cast iron” rule is way overstated. I made a tagine tonight in a cast iron pan. 2 hours of tomato sauce simmering. Came...
by Charon
Mon Aug 06, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: input on trip to Spokane, Coeur D'Alene
Replies: 25
Views: 1722

Re: input on trip to Spokane, Coeur D'Alene

Take the time to ride the ferry boat on lake chelan Wa.You will enjoy the day. Most relaxing day trip we’ve ever taken. While I'm sure this is fun, it's a several-day detour from their planned route. It also currently has unhealthy levels of smoke, but hopefully we'll get some rain between now and ...
by Charon
Mon Aug 06, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: input on trip to Spokane, Coeur D'Alene
Replies: 25
Views: 1722

Re: input on trip to Spokane, Coeur D'Alene

Depending on when in September, check active fires ( https://inciweb.nwcg.gov/ ) and smoke conditions ( https://fortress.wa.gov/ecy/enviwa/ ). Sadly most of the West has been having really bad fire years recently, and this year is no exception. Your planned route has some pleasant dining and biking,...
by Charon
Tue Jul 31, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 40
Views: 3062

Re: $8712/year for insurance (auto, home, rental) How to reduce?

Four vehicles is a lot. Reduce your number of vehicles. +1 When I was a teenager we got a call from USAA (our insurer too) to verify that they had the correct information. "Three drivers in the household and one car?" One thing to keep in mind about where to live (in Austin or in the suburbs) is th...
by Charon
Tue Jul 31, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6083

Re: Consistently over budget on food - what are you guys eating?

Also, we in the US spend an absurdly small amount of our income on food. It's a really important thing, and we spend very little on it - compared to what Americans did in the past ( https://www.npr.org/sections/thesalt/2015/03/02/389578089/your-grandparents-spent-more-of-their-money-on-food-than-you...
by Charon
Tue Jul 31, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6083

Re: Consistently over budget on food - what are you guys eating?

we save about $6K/mo so going over $1-$200 isn't a huge deal, but I don't want to get into a habit that it is "OK". Why did you set yourself a food budget that's hard to meet when you clearly have the money to have a higher food budget? The only reason to scrimp and save on food is when you're poor...
by Charon
Tue Jul 31, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help With CD's
Replies: 20
Views: 2723

Re: Help With CD's

In a rising rate environment it would make sense to ladder. Anticipated market rate increases are built into the CD rates already, I expect? So you're betting CD rates will increase from unanticipated Fed rate increases and market forces. OP, it sounds like you have not laddered your CDs in the pas...
by Charon
Mon Jul 30, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to ROTH and pay taxes now?
Replies: 7
Views: 833

Re: Traditional IRA to ROTH and pay taxes now?

Seems pretty clear that the OP was using "they" as a gender-neutral singular pronoun here, which is very common usage and totally fine. It may be pretty clear to you, but to me the interpretation is that the friend is in a domestic relationship. I guess I am getting old - I would not understand "th...
by Charon
Mon Jul 30, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Talk to me about Le Creuset
Replies: 53
Views: 6143

Re: Talk to me about Le Creuset

I prefer unfinished cast iron. Same heating properties as enameled but far more durable and will last several lifetimes with minimal care. Way way way cheaper too. Depends on what you're cooking. I do a lot of tomato-based sauces in mine, and you absolutely need the non-reactive enameled surface th...
by Charon
Mon Jul 30, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to ROTH and pay taxes now?
Replies: 7
Views: 833

Re: Traditional IRA to ROTH and pay taxes now?

You say " they " have " a " tIRA. If that is the case then one of them has a tIRA (the "I" in IRA is "individual" - two people can't share a tIRA). " A friend". Seems pretty clear that the OP was using "they" as a gender-neutral singular pronoun here, which is very common usage and totally fine.
by Charon
Mon Jul 30, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: To buy a home, or not to buy; the eternal question!
Replies: 12
Views: 1034

Re: To buy a home, or not to buy; the eternal question!

Are you aware how much work land ownership is? You may be, but you don't say this... if you own land in the mountain west, be prepared to learn about tree thinning, bark beetles, fire mitigation, etc. Are you prepared to have that lovely stand of lodgepole pines on your land die from a mountain pine...
by Charon
Sun Jul 29, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: No benefit to holding more than ~23% stock for 47 yo to retire at 59?
Replies: 6
Views: 1530

Re: No benefit to holding more than ~23% stock for 47 yo to retire at 59?

What are you using for inflation? By https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations?lang=en a 20/80 portfolio had an average return of 6.7% over 1926-2017, but that's nominal. It's only about 3.7% real. (And yes, you can argue bonds won't return that much in t...
by Charon
Thu Jul 26, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9987

Re: Toughest Purchase of my Life. Engagement Ring time

I'm just not sure how my girl would feel about lab vs natural. Hopefully fine, once she knows that even expert gemologists can't tell the difference: https://www.cnbc.com/2018/06/04/ada-diamonds-sells-lab-grown-diamonds-and-jewelers-cant-tell.html Specialized equipment can tell the difference becau...
by Charon
Thu Jul 26, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9987

Re: Toughest Purchase of my Life. Engagement Ring time

Resale value is horrible on diamonds period, because they're genuinely not worth that much. Also, no, you shouldn't be considering that at this point :)
by Charon
Thu Jul 26, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9987

Re: Toughest Purchase of my Life. Engagement Ring time

Any particular reason you're not considering lab diamonds? They're real diamonds, no different from the natural ones, except a lot cheaper and guaranteed conflict free. E.g., https://www.brilliantearth.com/lab-diamonds-search/ (I'm sure Brilliant Earth - which specializes in beyond conflict free dia...
by Charon
Thu Jul 26, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9987

Re: Toughest Purchase of my Life. Engagement Ring time

Meg77 wrote:
Thu Jul 26, 2018 3:48 pm
(he also flew to a nearby state to get it to save on sales tax).
True love is committing tax fraud :wink:
by Charon
Thu Jul 26, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9987

Re: Toughest Purchase of my Life. Engagement Ring time

For some reason, a diamond just feels like a big scam thanks to the De Beers. It is... both the necessity of having a diamond and the price of diamonds are indeed artificial constructs of De Beers. Also, gold mining is terribly environmentally destructive. Okay, now that I've gotten being a downer ...
by Charon
Thu Jul 26, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4090

Re: Suggest an electric car: Volt? Alternative?

For something that is purely a commuter car, 25 miles round trip, get a [used] Leaf. I would definitely go this route. No point getting a new Volt for a commuter car. The advantage of the Volt is that it's battery for short trips but it can go much farther than any battery EV these days - an advant...
by Charon
Thu Jul 26, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Conservative asset management during retirement?
Replies: 15
Views: 1607

Re: Conservative asset management during retirement?

One recommendation I've seen is two years of expenses in cash (money market, high-yield savings, etc.), two years in short-term bonds, and then the rest in intermediate-term bonds and stocks in the mixture you want. Keep in mind that rules like 4% withdrawal assume you have about 50% in stocks. It s...
by Charon
Thu Jul 19, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 54
Views: 3231

Re: Wills

you don't need a lawyer for a POA, but I'm not convinced you really really need one anyway. Also, I've discussed my end of life wishes with my children and my husband, they know what I want. Good that you've had this discussion. I assume it's all in writing too, because memories are faulty, particu...
by Charon
Wed Jul 18, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5803

Re: Where do you keep your Emergency Fund?

I go a step further with it. I have a 7-year CD ladder at my credit union. The idea is that each year "x" dollars will mature, and I would not have to pay a penalty to get that money. When I joined BH earlier this year I learned about laddering, was very tempted by it, but then thought about it and...
by Charon
Wed Jul 18, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7585

Re: How do you handle the urge to DO something?

I think the key for me will be to stop reading Bogleheads :wink: Don't get me wrong, it's a great site, and so much better than paying attention to financial news or anything... but it's got me thinking way too much about money. Thinking about it once to set up a good plan, great. Checking every onc...
by Charon
Wed Jul 11, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: New and looking for help simplifying portfolio for FIRE(?)
Replies: 25
Views: 2072

Re: New and looking for help simplifying portfolio for FIRE(?)

rgs92 wrote:
Mon Jul 09, 2018 8:36 pm
States like Washington have low property taxes, but the housing prices (in the good areas) are sky high.
Spoken like someone not very familiar with Washington ;) (Yes, prices in Seattle are mostly very high... there are other good areas.)
by Charon
Wed Jul 11, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5803

Re: Where do you keep your Emergency Fund?

5-year CD at my local credit union (3%). I'm interested that nearly everyone seems to keep their emergency funds in accounts that are immediately accessible with no penalty. I think a small penalty for accessing is actually a good idea - it keeps you from accessing the money for anything other than ...
by Charon
Wed Jul 11, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13925

Re: What are your property taxes?

But if homes go up 10% or whatever in a year(s) why does government spending need to go up by the same amount? This is a criticism of all taxes I can think of (income, capital gains, sales, property). Do you have a better system? I suspect the basic justification is that the more money you make (in...
by Charon
Tue Jun 26, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Contributing to my personal Roth IRA
Replies: 9
Views: 431

Re: Contributing to my personal Roth IRA

You can use whatever split you want between US and International. I just used an example of 70/30. Ah, I misunderstood what you were saying about "buying all the US stocks and International stocks at the market cap weight". You were referring to market cap weight within each class (US, internationa...
by Charon
Tue Jun 26, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Contributing to my personal Roth IRA
Replies: 9
Views: 431

Re: Contributing to my personal Roth IRA

02nz wrote:
Tue Jun 26, 2018 11:03 am
The more you can automate retirement savings, the less likely you are to mess things up.
+1
by Charon
Tue Jun 26, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Contributing to my personal Roth IRA
Replies: 9
Views: 431

Re: Contributing to my personal Roth IRA

Total US stock index (70%) Total International stock index (30%) Or something similar depending on where your Roth IRA is. This is buying all the US stocks and International stocks at the market cap weight. Do you have any reference for this market cap comparison? The references I can find in a qui...
by Charon
Tue Jun 26, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Contributing to my personal Roth IRA
Replies: 9
Views: 431

Re: Contributing to my personal Roth IRA

I like the method of purchasing each month, because it just effectively reduces my paycheck and never feels big. Also, I like monthly dollar cost averaging, because then I don't have huge regret about purchasing at a high point. My way of avoiding the big investor risk of not equaling your fund's re...
by Charon
Mon Jun 25, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 11243

Re: I-bonds look pretty bad right now

My question: I am slowly moving my emergency fund to I bonds. Is this still reasonable, or has something changed? If something has changed, is there a better alternative for my emergency fund? I think I-bonds are reasonable for an emergency fund (as long as you have adequate funds outside I-bonds l...
by Charon
Mon Jun 25, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Late Saver Approaching Retirement
Replies: 24
Views: 1584

Re: Help! Late Saver Approaching Retirement

You don't necessarily have much to worry about even if you stay where you are. You have 12x salary saved up, and in retirement you'll only need a fairly small fraction of your salary (nothing close to the 85% or so often assumed in retirement calculators). You could probably stay where you are and r...
by Charon
Mon Jun 25, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage pre-approval questions
Replies: 12
Views: 1028

Re: Mortgage pre-approval questions

I can't answer all your questions, but you need to contact lenders about preapproval. They're the ones who issue it, so they'll have details about how long it's good for and to what region it applies. I don't see any benefit to going through Zillow, other than to get ideas for what lenders are out t...
by Charon
Tue Jun 19, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5864

Re: Do you cancel old credit cards?

I concur with inbox788 and MnD. Keep things simple, and there's no prize for highest FICO score. Until recently I had no debt other than credit cards, so having three open made sense. But now I have a mortgage, and the oldest card closed from inactivity, and... nothing earth shattering happened. Cre...
by Charon
Tue Jun 19, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to Roth
Replies: 5
Views: 584

Re: Traditional IRA to Roth

If you are over the limit for making deductible contributions to a Traditional IRA, you are probably in a fairly high tax bracket, and therefore Traditional investments are likely to be better for you unless a large pension will put you in a high tax bracket in retirement. Not really... the income ...
by Charon
Tue Jun 19, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 812

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

I do both Roth IRA contributions and tax-deferred 403(b) (and 457, during these couple years when I have extra income). I don't know if my tax rate will be lower in retirement, so the Roth is a hedge against income tax rates rising, and also something that will let me avoid large RMDs later in life....