Search found 169 matches

by dachshunddad
Thu Nov 19, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: High Interest Savings Account
Replies: 56
Views: 4247

Re: High Interest Savings Account

I’ve used discover with no problems and a nice app. I recently opened Marcus based on input from BH. The main reason is transfer takes less than 24 hours. Discover could take easily 3 or 4 days. Also, Marcus gives you No penalty CD option.
by dachshunddad
Wed Nov 18, 2020 10:56 am
Forum: Investing - Theory, News & General
Topic: Withdrawal rate for an early retirement
Replies: 134
Views: 8076

Re: Withdrawal rate for an early retirement

I like the table as a helpful guide. I agree 2% rate would be ultra safe based on history. I would argue you have more “life” risk retiring early. Such as increased expenses from unknowns— think healthcare/kids/grandkids/etc that you can’t plan for far in advance.
by dachshunddad
Sat Oct 24, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 317
Views: 26817

Re: Anybody here trying Coast FIRE?

I think White Coat Investor was trying to be encouraging and more along the lines of anazlyze your goals and career and maybe there are alternatives. It certainly made me think. I have been thinking of ways to work less but for longer to increase satisfaction. For others, killing it now in a hard jo...
by dachshunddad
Sun Oct 18, 2020 11:36 am
Forum: Personal Consumer Issues
Topic: How to handle the cash transaction on a private car sale?
Replies: 17
Views: 1550

Re: How to handle the cash transaction on a private car sale?

RedDog wrote: Sun Oct 18, 2020 9:13 am I usually goto the seller’s bank, watch them get a cashier’s check from the teller (or cash) and then sign the title over in the lobby.
+1. With Covid you can go through the drive through teller together. Worked well for me and both parties felt good about it.
by dachshunddad
Tue Sep 29, 2020 10:43 pm
Forum: Personal Consumer Issues
Topic: Motion Detector Lights:
Replies: 20
Views: 1612

Re: Motion Detector Lights:

As with many homes, we have several dual-headed lights on corners of our house. They are not motion detecting lights, and I want to replace them. What factors should be considered in purchasing these lights. Since lights are already installed, replacement should be relatively easy, but if there are...
by dachshunddad
Mon Sep 28, 2020 10:09 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9918

Re: What fund(s) are in your taxable account?

Schwab broad market US: SCHB
Total international: VXUS

These are where it landed on TLH earlier in year.
by dachshunddad
Fri Sep 25, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1688
Views: 245233

Re: Fidelity as a one stop shop

However, when I do this the "Where will the money be transferred to" drop down list only gives me my pre-existing taxable brokerage account as an option, not my newly-opened CMA account. You need to go to Money Movement > Link an Account ( link to site ). You will be able to select your n...
by dachshunddad
Sun Sep 13, 2020 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14766

Re: Paying off sub 4% mortgage interest rate early

I'm not paying it off early. I have a 15 year at 3.25%. That time line is roughly when I will hopefully retire early if I desire. I would personally want my mortgage gone before retirement. For now, I like the liquidity of just investing the extra each month into the stock market. Also, the mortgage...
by dachshunddad
Fri Aug 21, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating $875K Home Purchase
Replies: 31
Views: 4170

Re: Contemplating $875K Home Purchase

Hello. My wife and I are considering a purchase of an $875K house and would appreciate the board’s thoughts on (1) can we afford this house today and (2) assuming the answer to (1) is “yes,” if I were to take a pay cut in the future as a result of a career change what is the lowest income level at ...
by dachshunddad
Fri Aug 21, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17399

Re: Advice to a Millennial about nest egg "Critical Mass"

Good post. I’ll throw my two cents in. Critical mass is when your investments generate more than you can possibly save each year. Winning the game is when they are easily more than you can earn. Nice work winning the game!
by dachshunddad
Wed Aug 19, 2020 5:38 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13964

Re: How much did you save?

When I was single I was saving around 50% gross. With a family in the 20-30% range. Savings rate, working a second job, and boglehead investing were the ingredients.
by dachshunddad
Wed Aug 19, 2020 1:12 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 339
Views: 27526

Re: Customer Service with Vanguard

First time calling Vanguard about a work account. Feels like calling the cable company and getting the run around with no answers. Talked with 7 people and still in limbo. My experience with Fidelity has always been the opposite. This isn’t a dig but an experience worth sharing.
by dachshunddad
Mon Aug 17, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5835

Re: Discount vs. full-price realtor

Once again I suspect there are plenty of "real estate industry" people on a thread encouraging full price agents. There is no obligation to disclose that they, or their spouse or family members, are real estate agents that benefit from the current anti-competitive monopoly. Take all the &...
by dachshunddad
Sun Aug 16, 2020 9:21 pm
Forum: Personal Investments
Topic: Roth versus Traditional retirement investment for high income earners
Replies: 12
Views: 907

Re: Roth versus Traditional retirement investment for high income earners

I personally would lean roth, particularly given the relatively low tax rates currently. But doing some of both is good because it gives you tax diversification for the future.
by dachshunddad
Sat Aug 15, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Risk with paying someone with a personal check
Replies: 76
Views: 5220

Re: Risk with paying someone with a personal check

I also agree that you should stay away from debit cards. I don’t think you can protect yourself from all possible forms of fraud. They can get you in the smallest thing you didn’t even realize. I check my bank account balances every couple days. I think this is the best way to guard against catching...
by dachshunddad
Sat Aug 15, 2020 9:48 am
Forum: Personal Investments
Topic: Cash balance plan
Replies: 2
Views: 393

Re: Cash balance plan

I’m not a CPA so these are just thoughts. Can you do a 401k with double matching, so $57k/each? If you have other employees this would probably not work. Cash balance plans can be great. I’d find a CPA to help you who has experience. If it is just the two of you shouldn’t be a lot of work. If more p...
by dachshunddad
Sat Aug 01, 2020 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 179
Views: 42430

Re: Becoming a Landlord: My Experiences

Thanks for this post. On a purely numbers-basis the worst financial decision I ever made was probably to sell my first home and not rent it out because it basically doubled in value in about 10 years, but it would have stretched us financially and we weren't interested in or prepared to be landlord...
by dachshunddad
Wed Jul 29, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1688
Views: 245233

Re: Fidelity as a one stop shop

I've just started this year on the Fidelity as a one-stop shop plan. Do you all think about what would happen if something happened to Fidelity? I don't mean like Fidelity going bankrupt, but some temporary issue where funds were not available for some reason? A temporary outage if you will. We hav...
by dachshunddad
Fri Jul 24, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5291

Re: Pros and cons of buying a big house

I’ve heard costs for maintenance can be ballpark 1-2% of house price/year. This seems about right depending on the year. Plus, bigger is usually nicer as some have said. So everything goes up. And if you aren’t handy you have to get someone to do it and that is $$. Either way, just stay within your ...
by dachshunddad
Fri Jul 24, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: At what point is an emergency fund irrelevant?
Replies: 67
Views: 5011

Re: At what point is an emergency fund irrelevant?

I wouldn’t even consider that an emergency fund. For me it’s nice to have cash readily accessible in case you want to make a large purchase. I don’t see much upside to having every penny invested. It’s not like bonds are paying that great right now as a “safe” alternative to an online savings accou...
by dachshunddad
Fri Jul 24, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Screened in porch - Yay or Nay
Replies: 41
Views: 3306

Re: Screened in porch - Yay or Nay

The screened in porch was a large part of why I bought my current house. We use it all the time. Especially the spring/fall and eat dinner there every night except winter. The TV is just a regular TV and had to replace it because moisture. But if you get a cheap TV isn’t too bad to replace in 3-4 ye...
by dachshunddad
Wed Jul 15, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bored to Tiers: banking perks don’t seem worth it
Replies: 40
Views: 5091

Re: Bored to Tiers: banking perks don’t seem worth it

I switched from a larger bank to a smaller regional/state bank. Great customer service and more personal interaction. Banker has taken out to dinner several times and occasionally lets us use the box at pro sports events or concerts. I don’t get any good credit card perks but I need a brick and mor...
by dachshunddad
Wed Jul 15, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bored to Tiers: banking perks don’t seem worth it
Replies: 40
Views: 5091

Re: Bored to Tiers: banking perks don’t seem worth it

I switched from a larger bank to a smaller regional/state bank. Great customer service and more personal interaction. Banker has taken out to dinner several times and occasionally lets us use the box at pro sports events or concerts. I don’t get any good credit card perks but I need a brick and mort...
by dachshunddad
Mon Jul 06, 2020 8:57 pm
Forum: Personal Consumer Issues
Topic: 1st Car Purchase - Volvo XC90 vs. Lexus RX350
Replies: 70
Views: 5139

Re: 1st Car Purchase - Volvo XC90 vs. Lexus RX350

I vote lexus if keeping long term. I love the look of the XC90, but out of warranty that can be $$$.
by dachshunddad
Sun Jul 05, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What’s important and what’s not?
Replies: 17
Views: 1811

Re: What’s important and what’s not?

Here are some things I do personally. Small and/or reversible decisions should be made quickly. For example, you can save a lot of money getting your own modem/router. Don't look around, order from Costco and have it delivered. Don't spend your time researching/shopping around. This is small and rev...
by dachshunddad
Wed Jul 01, 2020 9:20 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5156

Re: Buying house without realtors

I've bought 3 properties and never used a realtor. The sellers all had realtors but I negotiated my 3% off the price for not using one. It isn't necessary if you have knowledge of the area/property. Most states have a standard realtor contract. It is usually very straightforward and covers all the b...
by dachshunddad
Mon Jun 22, 2020 4:39 pm
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

Is this a guaranteed payout (defined benefit)? Yes, that is how the plan needs to be structured. However, the plan can be dissolved and likely will when it becomes too risky. At that point each member of the plan gets their amount in a rollover. So it is essentially a defined contribution plan masq...
by dachshunddad
Mon Jun 22, 2020 3:43 pm
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

Northern Flicker wrote: Mon Jun 22, 2020 3:34 pm Is this a guaranteed payout (defined benefit)?
Yes, that is how the plan needs to be structured. However, the plan can be dissolved and likely will when it becomes too risky. At that point each member of the plan gets their amount in a rollover.
by dachshunddad
Mon Jun 22, 2020 12:58 pm
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

Northern Flicker wrote: Mon Jun 22, 2020 11:28 am Is Vanguard providing actuarial support for this?
No, the plan has a set rate of return which they aim. I believe its in the 5-6% range.
by dachshunddad
Mon Jun 22, 2020 12:57 pm
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

If this is a defined benefit plan how does a small business manage to stand by the promised benefit? That sounds like a dicey proposition to me. Does Vanguard explain how their advised investment strategy will accomplish that? I admit to not knowing much about this, but whether or not international...
by dachshunddad
Mon Jun 22, 2020 10:08 am
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

We are a small business so this is a defined benefits plan. It is for everyone young and older—30% stock would be best for the defined yearly benefit. We are thinking of saving cost and doing it internally instead of paying vanguard. We could keep their allocation but we were thinking less funds wo...
by dachshunddad
Mon Jun 22, 2020 9:54 am
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

I would love to get some opinions on this. Vanguard institutional advisors service my pension plan at work. I was reviewing their bond holdings and they have multiple bond funds. Seems like added complexity. The stocks are Boglehead approved. Stocks: (30% Total ) Total US (VTSAX) 18% Total INTL (VT...
by dachshunddad
Mon Jun 22, 2020 9:52 am
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Re: Do you need more than 1 bond fund? Vanguard thinks so...

Perhaps your employer has had input into the suggested allocation? Compare to vanguard's own retirement income fund (https://investor.vanguard.com/mutual-funds/profile/overview/VTINX) which has more us total bond and tips but does not include the investment grade bond funds. Can you clarify if this...
by dachshunddad
Sun Jun 21, 2020 9:07 pm
Forum: Personal Investments
Topic: Do you need more than 1 bond fund? Vanguard thinks so...
Replies: 23
Views: 2483

Do you need more than 1 bond fund? Vanguard thinks so...

I would love to get some opinions on this. Vanguard institutional advisors service my pension plan at work. I was reviewing their bond holdings and they have multiple bond funds. Seems like added complexity. The stocks are Boglehead approved. Stocks: (30% Total ) Total US (VTSAX) 18% Total INTL (VTI...
by dachshunddad
Sun Jun 21, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 35
Views: 4519

Re: Follow our journey to retirement

Looks pretty good. At your age I would say you are doing a very early FIRE. That has risks of the unknown just given the amount of time you won’t be working. I personally would downsize from a million dollar house. That will have a lot of expenses that will be unpredictable. On your fixed budget, co...
by dachshunddad
Thu Jun 18, 2020 8:09 am
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

I just went through this. I ended up with ridge vents, but its too early in the year to see how well they work. They had to install soffit vents with the ridge vent since this is an older house and back then they just relied on the gable vents and air leakage. If they install soffit vents, there is...
by dachshunddad
Wed Jun 17, 2020 8:38 pm
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

Ridge vents and gable vents if there are gables (hip roofs have no gables). There are also various styles of roof/box vents that can be installed as well. I believe (as noted by another poster) that it isn't recommended to have both ridge vents AND gable vents, as that creates a shortcut path for a...
by dachshunddad
Wed Jun 17, 2020 8:37 pm
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

I'm replacing my roof. Two professional roofers have given me estimates. Both say ridge vents would work but one insists that solar powered attic fans would be best (without ridge vents). I've read conflicting opinions online and from several builders about solar fans. Anyone have any insight? Than...
by dachshunddad
Wed Jun 17, 2020 5:40 am
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

When you say that there is plenty of soffit vent but deep insulation, you might want to look at attic baffles to ensure good flow from the soffit vents. https://www.insulationlabs.com/post/what-are-attic-baffles/ https://homeguides.sfgate.com/important-using-baffles-attic-insulation-78043.html I be...
by dachshunddad
Tue Jun 16, 2020 9:03 pm
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

What do the calculations show is required? There are a number of factors that need to be considered, soffit venting, roof orientation/pitch, volume, HVAC equipment in attic,.... I'd try to maximized passive venting (gable, ridge, static) prior to moving installing mechanical solutions. These calcul...
by dachshunddad
Tue Jun 16, 2020 9:00 pm
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Re: Replacing roof: Ridge vent or solar fans best?

x3. Solar vents do move more air, but you're also going to need to replace them every X years. Ridge vent is generally best, although many don't use/recommend in the snow states since they can be prone to letting snow in the attic. Many/most in my area stick with the standard roof vents and just en...
by dachshunddad
Tue Jun 16, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: Replacing roof: Ridge vent or solar fans best?
Replies: 32
Views: 2373

Replacing roof: Ridge vent or solar fans best?

I'm replacing my roof. Two professional roofers have given me estimates. Both say ridge vents would work but one insists that solar powered attic fans would be best (without ridge vents). I've read conflicting opinions online and from several builders about solar fans. Anyone have any insight? Thank...
by dachshunddad
Sun Jun 14, 2020 10:01 am
Forum: Personal Investments
Topic: HNW in VHCOL - what is our “number”?
Replies: 25
Views: 2577

Re: HNW in VHCOL - what is our “number”?

Your biggest risk is lifestyle creep or staying in VHCOL. I agree with others that it is all about your expenses. If you creep up or send kids to private school, you may need 9-10 million. I would err on the side of over saved if you retire early.
by dachshunddad
Sun Jun 14, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7562

Re: Anyone not bother with Tax Loss Harvesting?

I think those looking to "micro" TLH by small market moves may have a point that it is a lot to monitor for a small banked loss. However, a huge drop like we experienced was definitely worth it and easy to do. I read the wiki and some threads and was able to sell all my lots and bank pape...
by dachshunddad
Mon Jun 08, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7562

Re: Anyone not bother with Tax Loss Harvesting?

I think those looking to "micro" TLH by small market moves may have a point that it is a lot to monitor for a small banked loss. However, a huge drop like we experienced was definitely worth it and easy to do. I read the wiki and some threads and was able to sell all my lots and bank paper...
by dachshunddad
Sat Jun 06, 2020 3:55 pm
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7562

Re: Anyone not bother with Tax Loss Harvesting?

I did my first TLH during this crash after reading a lot about it on here. If the money hits a threshold it is a no brainer. You can offset some income as others have said. The flexibility of deferred tax is great. I had significant paper losses. So in the future if I need to buy a car or pay off my...
by dachshunddad
Wed Jun 03, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: A visual illustration of "stay the course" - one "stubborn" Boglehead's journey
Replies: 56
Views: 7549

Re: A visual illustration of "stay the course" - one "stubborn" Boglehead's journey

Nice mental fortitude staying the course! I also did some bond to stock buying while on the dip. I was the one calling my friends and family and telling them to buy. Hopefully you convinced your family to buy instead of sell. :sharebeer
by dachshunddad
Wed May 20, 2020 3:09 pm
Forum: Personal Investments
Topic: Diehards advice on missing the dip
Replies: 20
Views: 3392

Re: Diehards advice on missing the dip

You are young and have many decades of investing left. Market is still down. Invest in your desired allocation and enjoy yourself. Learn from the past and make your own future. :sharebeer
by dachshunddad
Wed May 20, 2020 2:40 pm
Forum: Personal Consumer Issues
Topic: Stinkbug screened in deck problem
Replies: 25
Views: 2406

Re: Stinkbug screened in deck problem

Notes: The builders can't be faulted as long as they built the structure with a standard degree of quality and trim expected of a screened in porch. This means trim and screen and structural clearances within the degree best had with the materials used. As long as the builder did this with the mate...