Search found 52 matches

by BogleBike
Mon Sep 17, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 151
Views: 10967

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Yes, I would quit the job. 1. To not quit runs a serious risk of shortening your own life. 2. You have family who love you, shortening your life deprives them of your presence. 3. While you're alive, the work also takes you away from them. 4. The only financial significance to your family if you qui...
by BogleBike
Thu Sep 06, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Savings Bonds Yield
Replies: 4
Views: 352

Re: Help with Savings Bonds Yield

The interest is calculated as a percentage rate multiplied by a base. The base is the original amount of the bond ($5000, in your case) plus, I believe, the interest accumulated to date. So your base would now be $5958 or whatever the value you have is. The interest rate for an i bond combines two c...
by BogleBike
Tue Aug 21, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6373

Re: Co-habitation agreement - ??

From what I've seen, landlord-tenant laws vary from state. The best answer would be based in part on an understanding of the details in your state. I imagine that "ejection" varies between jurisdictions too. That said, my guess is that the simplest thing is have him sign a month to month rental agre...
by BogleBike
Tue Aug 07, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Seeking ideas for relaxing but not boring vacation
Replies: 19
Views: 1550

Re: Seeking ideas for relaxing but not boring vacation

How about Czech Republic?

Prague - beautiful, historic. Public transport. October is after the crowds, I think.
Czech Republic - beautiful scenery, stable government, fabulous castles.

Rootofgood visited on a budget: https://rootofgood.com/prague-czech-republic/
by BogleBike
Sun Aug 05, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4788

Re: How many years till FIRE? Which path would you choose?

Life is short and work doesn't need to be the main focus. I would 'run to' family, my hobbies, more time with friends, travelling, more time for the gym, going for dates with my wife, volunteer coach for my child's sports just to name a view. Would you prefer to spend most hours working instead? Ho...
by BogleBike
Sat Aug 04, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 10221

Re: Few weeks into new job recieved significantly better offer elsewhere

72 hour right of rescission.

Tell the recruiter you changed your mind!

Going off to a risky unknown just because the recruiter pushed you is bad living.
by BogleBike
Fri Aug 03, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 10221

Re: Few weeks into new job recieved significantly better offer elsewhere

Tough call. I would go with your current company. This is your first time at this level, and you don't sound super confident. You failed several late-round interviews, so either your lack of confidence comes through, or it is partially well founded. By sticking with your current company, you are abl...
by BogleBike
Fri Aug 03, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5735

Re: Comfort level with Credit Card Balance

Fairly high, because my credit card balances bring advantages. One balance is introductory year of zero percent interest; I figure I'm gaining whatever that amount earns on investments in the interim. Not completely sure the hassle is worth that small amount, but glad to be doing the experiment. The...
by BogleBike
Fri Aug 03, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3794

Re: Do you think I am being too conservative on buying a house?

I think it's a matter of opinion. The most important thing in my opinion isn't which housing decision is "correct", but the fact that you and your intended disagree. If you would like reassurance that proceeding cautiously in the spending of money is "right", I'll agree with you. Personally, I think...
by BogleBike
Thu Aug 02, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do non-profit organiztions pay capital gains/dividend tax?
Replies: 8
Views: 477

Re: Do non-profit organiztions pay capital gains/dividend tax?

If the board is all nurses, they may not have the knowledge or confidence to distinguish between expensive and inexpensive funds. They may simply have been "sold" an expensive plan, or been impressed by the skilled presentation of the fund company, or felt that the expensive fund must be "better" or...
by BogleBike
Thu Aug 02, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 3744

Re: New job commute

Can you do a start-early-and-leave-early schedule? For 34 miles, eliminating traffic could speed things up considerably. How much time would you save by leaving for work at 6:20 am, arriving at 7:00, leaving at 3:30? Perhaps one spouse is on morning duty with the kids, while one (you) does the after...
by BogleBike
Thu Aug 02, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6188

Re: Co - signed a Mortage, Now wants out

Sounds like the options are: 1. Sis and BIL refi, accepting a higher rate. They give you the gift of releasing you from the obligation you undertook. Or you give them something in return. 2. Sis and BIL sell the house. Again they give you the gift of releasing you from obligation, or you give them s...
by BogleBike
Thu Aug 02, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Which offer to accept on vacant land?
Replies: 17
Views: 1919

Re: Which offer to accept on vacant land?

Offer 2, because they are putting real money at risk, at least after 4 months. In essence, you will likely get some "rent" even if the deal doesn't close. Point out to your sister that the others aren't offering a penny of guarantee, and that the trustworthy guy is more likely to pay than the bully....
by BogleBike
Thu Aug 02, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Lease/ buy a second car for cost savings?
Replies: 18
Views: 734

Re: Lease/ buy a second car for cost savings?

From my experience, owning one car and maximize its utility will always come out as the cheapest option. @thangngo hit the nail on the head - a second car doesn't usually save money. If you're unwilling to part with the minivan, you might break even or slightly better by purchasing used Prius ($ 5k...
by BogleBike
Wed Aug 01, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6748

Re: Nervous about not using a personal wealth manager. How do I do this myself?

Just to support the recommendations not to pay advisor fees every year, think of it this way. The fee schedule you gave starts out at .9%/year. Over a 20 year period, that's about 18% of your wealth that will go to the advisor! (Because .9 x 20 = 18.) If the funds that the advisor puts you in charge...
by BogleBike
Mon Jul 30, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 41
Views: 3011

Re: Best BBQ in San Antonio

Rudy's is okay. I didn't believe Kreutz was special until I ate there. It was fantastic.
by BogleBike
Mon Jul 30, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6079

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

Quick comments and then a direct answer... You're on the right track with your tracking. The answers will emerge when you track your expenses more precisely. What most people find in my experience: -You're right, restaurants add up really fast. Break out those separately from groceries and convenien...
by BogleBike
Sun Jul 29, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: LTC strategy: make health your hobby
Replies: 38
Views: 3091

Re: LTC strategy: make health your hobby

Blue Zones are regions of the world where people live much longer than average. The term first appeared in the November 2005 National Geographic magazine cover story "The Secrets of a Long Life"[1] by Dan Buettner. Buettner identified five geographic areas where people live statistically longest: O...
by BogleBike
Fri Jul 27, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Career advice
Replies: 20
Views: 1728

Re: Career advice

+1 to looking around at different employers.

Many many jobs are underpaid and overworked. Many many prospects in sales say no. Get to yes. :)
by BogleBike
Thu Jul 26, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Executor/Inheritance Advice for a 25 Year old
Replies: 10
Views: 1373

Re: Executor/Inheritance Advice for a 25 Year old

My condolences. I wish I had exact advice for you. I have consulted estate attorneys in Texas and been glad that I did. The estate I was handling had its complications but they are different from yours, so the fact that consulting an estate attorney was helpful is all I can offer. And the fact that ...
by BogleBike
Thu Jul 26, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Best vehicle to administer budget for sil [sister-in-law]
Replies: 42
Views: 2598

Re: Best vehicle to administer budget for sil

How about setting up a trust where: 1. SIL is the grantor, putting the whole 400k in the trust; 2. you or your wife is the trustee; 3. she is the beneficiary. Then it's clear that the money is not a gift to you, it's for her benefit. Then pay for rent, health care, etc from it. If you're going to be...
by BogleBike
Wed Jul 25, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: owning a home can't be replicated in markets?
Replies: 10
Views: 838

Re: owning a home can't be replicated in markets?

I think that owning property brings specific risks. Re the university example, a university town I am familiar with had a stable rental market near the university for decades. Then, due to funding problems, it began to appear that the otherwise stable university might close. Students began fleeing t...
by BogleBike
Wed Jul 25, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Best source for simple market news?
Replies: 26
Views: 2249

Re: Best source for simple market news?

Tongue in cheek contrarian here, forgive me. Read Liar's Poker instead! It's a 30 year old book by Michael Lewis about his first job on Wall Street. Working as a trader in a major firm, he listened to the wisest traders on the block as to why the markets were moving. Half the time, he reported, peop...
by BogleBike
Wed Jul 25, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: When Buckets Really aren’t Buckets.
Replies: 18
Views: 1962

Re: When Buckets Really aren’t Buckets.

You don't want to address the AA, but that is what is relevant to the stated goals of your "buckets". The separate accounts don't matter, but choosing investments that serve your purpose does. Your plan sounds reasonable in a general sense, but maybe could use more in bonds less in stock (maybe 20% ...
by BogleBike
Wed Jul 25, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: owning a home can't be replicated in markets?
Replies: 10
Views: 838

Re: owning a home can't be replicated in markets?

In other forums (eg, Bigger Pockets) there is a rule of thumb that when landlording, expenses outside of mortgage principal and interest eventually add up to about 50% of rent. Expenses for this rule include a vacancy allowance (such as 10% of the time, you'll be between renters) and other costs of ...
by BogleBike
Tue Jul 24, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 50
Views: 6798

Re: Cell phone tip: block callers

How much have you received In total well over 6 figures. How many hours of your time do you spend in each case, and are you easily able to collect the judgments? Interested in this too. Do you file the cases yourself, or through an attorney? Under what law(s) do you sue? Is there a FAQ for all this?
by BogleBike
Tue Jul 24, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Need more excitement
Replies: 48
Views: 4549

Re: Need more excitement

I do not. I would argue that excitement is a want, not a need. A need is a powerful thing that cannot be managed. Gambling under that mindset could be really dangerous/addictive. A want is something that you control. If the desire for excitement, for adrenaline rushes, is strong, maybe get a job as ...
by BogleBike
Mon Jul 23, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6423

Re: I want to sell my home, but I don't want to fix it up

I support the idea of getting a building inspection, and using the findings to get a general contractor bid. Another route is get the inspection, then get opinions from the realtors. As other posters have suggested, once you know the likely profit of doing the repairs vs not doing them, you can easi...
by BogleBike
Sun Jul 22, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for post-mortum financial advisor
Replies: 6
Views: 818

Re: Looking for post-mortum financial advisor

If she'd be comfortable with Vanguard PAS, how about switching to Fidelity? I don't want to be a bad Boglehead, but rumor in other threads says that prices and products are similar, customer service better, and in-person consultations available (example, post 8 in thread below). https://www.boglehea...
by BogleBike
Sun Jul 22, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5312

Re: Biggest financial decision of my life: selling a big wad of options

I too lost half my fortune (at that time) when my employer's stock collapsed. It was a Fortune 500 company that is now featured in case studies at business school... which I attended afterward! Don't focus on "winning your gamble" or "maximizing the payoff" or anything like that. Sell enough right n...
by BogleBike
Sun Jul 22, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: I think it's time to cut the landline cord, how to do it?
Replies: 25
Views: 3047

Re: I think it's time to cut the landline cord, how to do it?

Google "internet provider (name of your town or area)" and find out what the offers are. You need internet for your laptops and such. Most people use a faster more modern "broadband" internet connection instead of DSL, because they are available and often at a lower price. The measurement that tells...
by BogleBike
Sat Jul 21, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: "All-Weather Portfolio" - Not much info
Replies: 13
Views: 1323

Re: "All-Weather Portfolio" - Not much info

@Nisiprius, informative answer for at least one newbie - thanks. Also, your signature quote made me chuckle...Dickens for the win.
by BogleBike
Sat Jul 21, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13701

Re: Should I Dump a Pile of Money on Young Son?

Just throwing out an idea here...why not ask him? His response might be illuminating. I received a smaller amount at a similar age, also due to the passing of a grandparent. The bequest went to my parent, who assigned amount X of it to me to be received as gift at time of my choosing. I chose to rec...
by BogleBike
Fri Jul 20, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Semi-Retire by 40-45, possible/realistic?
Replies: 21
Views: 3684

Re: Semi-Retire by 40-45, possible/realistic?

It depends on multiple factors: 1. Whether your expenses of 45k have netted out mortgage repayment. (I'll assume no, a favorable assumption) 2. Whether your expenses include all debt repayments (I'll assume yes, but if not, my conclusions are off!) 3. How expensive you raise the kids 4. Health care ...
by BogleBike
Thu Jul 19, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up career growth for more time outside of work
Replies: 38
Views: 2859

Re: Giving up career growth for more time outside of work

Glad you posted this. Sounds like you're figuring out exactly what you want at exactly the right time. When the topic comes up again, you know your position. Good for you! (and for the kids...) If it helps, some people find it helpful to say things like "I want to develop my expertise in my role, ra...
by BogleBike
Mon Jul 16, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 6170

Re: Accepted new job, immediately laid off at old one?

Creative solution: plan a one week trip with cheap last minute airfare. Go relax. If your drug test throws a false positive or something, start a new job search. You'll have something to talk about besides What Happened At the Last Job. :) In other words, you're fine, probably your biggest issue is ...
by BogleBike
Mon Jul 16, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6735

Re: $540 a month on food for graduate student budget too much?

Same as the rest - yes, it's too much. Pay $120-150/month until you have a rich professional salary, then $120-200 depending on your choices. Personal illustration - I spend $150 month right now, financially independent with $ in the bank (I mean, in Vanguard). Including restaurants that I pay for d...
by BogleBike
Sun Jul 15, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: How much furniture spending is ok?
Replies: 46
Views: 3146

Re: How much furniture spending is ok?

The quality vs use trade-off you mention is important. So is the marital happiness. Financially, Craigslist has a great advantage in that very nice furniture can sometimes be found there at prices that remain nearly stable. Once somebody sells their $2500 piece for $500, it's not going to depreciate...
by BogleBike
Sun Jul 15, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 46
Views: 4081

Re: How often do you buy a primary residence?

Once in a lifetime. Bought a place that was over 30 years old, not up to the minute at all. It was in a neighborhood some of the real estate agents thought I should be scared of. "I'll take the short drive to downtown and dirt cheap purchase price, I don't care which side of the tracks it's on," I t...
by BogleBike
Sun Jul 15, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Abundance came late, now I'm overwhelmed playing catch up
Replies: 26
Views: 4540

Re: Abundance came late, now I'm overwhelmed playing catch up

20+ years stock investor, real estate owner, landlord. Personal opinion: Robo funds are not worthwhile for most investors, don't waste your time with one. It's a complexity that won't add value in any ways that are relevant to your case. A little bit of stock (about like you're planning) is reasonab...
by BogleBike
Sun Jul 15, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Has the range of expected stock market returns ever been larger than today?
Replies: 15
Views: 1550

Re: Has the range of expected stock market returns ever been larger than today?

New-ish here, take my words with the grain of salt they deserve. Tough call - unknowns on both sides, with with your future and your kids' future at stake! Personally, I think thrift is a lesson that pays for itself. What you do as a parent is a lesson, as much as whatever you buy for them. If you a...
by BogleBike
Sun Jul 15, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5428

Re: Bears!!!

This thread has a decided lack of comments regarding possible drops in the stock market. I guess that would be the least of your problems right now.
by BogleBike
Fri Jul 13, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9503

Re: Affording a $1.8-2M house

Austinite here. Yes, we are the solution to your problems! 8-) Strong support for renting instead of buying. Sometimes I read the blog of a Pacific Northwest couple (one partner a techie) who rented apartments,invested the savings, retired as 30somethings to travel with their $2 million stash. (GoCu...
by BogleBike
Fri Jul 13, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: When can I retire? Where to go from here?
Replies: 19
Views: 3932

Re: When can I retire? Where to go from here?

OP, your finances, plans and decision making all sound laudable. I agree with the posters who feel you can safely retire right now. Fwiw, I was guessing that one or more had been athletes, so your confirmation of that made me chuckle. Congratulations on making such a thoughtful and well-balanced tra...
by BogleBike
Fri Jul 13, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5447

Re: Should we sell our business?

Based on your own statements - "money worries", keeping it is "our one chance" to be a higher financial level, clear belief that the $2 million value is approachable, "2.0 MM is our walk-away figure" - don't sell unless he coughs up $2MM. (I'd also calibrate my spending so there weren't money worrie...
by BogleBike
Thu Jul 05, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Selling a car - How to verify funds
Replies: 22
Views: 2285

Re: Selling a car - How to verify funds

That moved fast! LMBFlorida, you are a person of action.

In future, would you feel comfortable using a payment app such as PayPal, GooglePay, etc? When I have used them, each one gave confirmation of payment.
by BogleBike
Thu Jul 05, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: Multi-unit garbage woes..
Replies: 20
Views: 1646

Re: Multi-unit garbage woes..

Good, you took action. That's better than being powerless.

Don't be afraid. I have taken multiple citizen-type actions in the past. Nothing bad ever happened. Life doesn't have guarantees, but the more you act, the stronger you get.
by BogleBike
Thu Jul 05, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 15088

Re: How to "retire" in your 30's article

Good for you, marc1976.
by BogleBike
Thu Jul 05, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get credit check for landlord?
Replies: 18
Views: 1550

Re: Where to get credit check for landlord?

Since they didn't specify, maybe you could just print your FICO score. My credit cards often have "free FICO Score" now. The display shows my nice responsible score, plus a chart showing that the score is in the upper group. If you have something similar, print the score and chart, attach it to a no...
by BogleBike
Thu Jul 05, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 7299

Re: Walking Coast-to-Coast

Jazztonight, that you don't feel different seems like a very useful data point. Thanks for sharing your experiences with us.