Search found 16 matches

by 6p24qtn
Fri Feb 19, 2021 9:50 pm
Forum: Investing - Theory, News & General
Topic: first million [in your retirement portfolio]
Replies: 222
Views: 39438

Re: first million [in your retirement portfolio]

1) what age did you hit your first million in your retirement portfolio? 2) what age did you start? 3) was some of this savings inherited? self made? combination of both? 1) 37 2) 18 3) Technically self-made but my father is a Boglehead (and mother approves) and he mentored me. Not that a million i...
by 6p24qtn
Sat Nov 07, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6617

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

I am also 39. Just as a data point - I have a pension from a large previous employer. The lump sum was worth about $15k 9.5 years ago. It's worth about $22k today. I wish I had taken the lump sum back then. I guess it's not too late.
by 6p24qtn
Sat Aug 15, 2020 11:53 am
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5434

Re: $20,000 windfall- Help!

I agree with being thrifty and that small savings add up to larger ones. But that's completely different than what we have here. Here we have mental accounting. The question of how he should spend his money is the same here as it would be if his net worth increased by 1% through the market. Whether...
by 6p24qtn
Sat Aug 15, 2020 9:48 am
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5434

Re: $20,000 windfall- Help!

The question doesn’t make sense. He has a 2 million net worth. Gets a 20k windfall. At 2mil net worth I would not describe 20k as a windfall. Heck, the market goes up 1% and your net worth goes up 20k. Some folks have been very diligent and have made sacrifices to accumulate a robust net worth. It'...
by 6p24qtn
Sat Aug 15, 2020 8:12 am
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5434

Re: $20,000 windfall- Help!

But his nw is fluctuating by that amount regularly, so they shouldn't be changing their spending based on this "windfall." That's what's so confusing about the question. That is poor logic. Maybe we shouldn't discuss small ER differences or various allocation differences if they only caus...
by 6p24qtn
Sat Aug 15, 2020 7:03 am
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5434

Re: $20,000 windfall- Help!

Some disappointing responses here... Just because it's 1% of his nw doesn't mean it's not worthwhile to consider and discuss. People discuss penny pinching all the time here and that's not even the case. Depending on how comfortable you're living and the luxuries you allow yourselves, I would probab...
by 6p24qtn
Sun Jul 05, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Best $10k car for me?
Replies: 32
Views: 2465

Re: Best $10k car for me?

I just bought a 2013 Honda Accord EXL with 80k for $10k. Seems like a really nice car for the money and has some of the newer amenities like rear and side cameras, lane departure warning, forward collision warning, etc... Also gets really good fuel economy.
by 6p24qtn
Sun Jan 12, 2020 8:17 pm
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2158

Re: Early retirement without taxable assets?

Do you expect to not get another raise or spend all future increases? if you have maxed out the 401k/IRA route, next step is to start a fund at %50 /month until you can do more. I have asked myself the same question every year (if i get a promotion or merit increase). Did I need this extra money la...
by 6p24qtn
Sun Jan 12, 2020 7:39 pm
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2158

Re: Early retirement without taxable assets?

Thank you for the replies! I have been so focused on the accumulation phase and retirement is just so far away that I really had never paid much attention to all of the different ways for early access to tax-sheltered funds. I guess I can put this recent taxable concern to bed. There are good options!
by 6p24qtn
Sun Jan 12, 2020 6:57 pm
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2158

Early retirement without taxable assets?

Hello, I've lately been thinking that I do not have enough taxable assets or a plan to acquire them in the case that my wife and I desire to retire early. I'm married, late 30's and have just enough income to max out retirement accounts. We have lived relatively frugally and have made regular invest...
by 6p24qtn
Sat Sep 14, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Best Leaf Blower?
Replies: 70
Views: 5377

Re: Best Leaf Blower?

I've had corded electric, handheld 2 stroke and backpack 2 stroke leaf blowers. For moving a decent quantity of leaves, the backpack is probably going to be unmatched in terms of power, fatigue and comfort. Any handheld is going to fatigue your hand/arm after more than 10-15 minutes of us. I've owne...
by 6p24qtn
Fri Aug 16, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: 10 Year Cost of Owning My CR-V
Replies: 41
Views: 4048

Re: 10 Year Cost of Owning My CR-V

My CR-V is also 2WD and it routinely gets over 30 MPG during the summer.
by 6p24qtn
Fri Aug 16, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: 10 Year Cost of Owning My CR-V
Replies: 41
Views: 4048

Re: 10 Year Cost of Owning My CR-V

I also have had a CR-V for quite a while - 11.5 years to be more specific. Aside from the A/C and a couple of other small repairs, it has been super reliable and overall a great vehicle. It now has 245,000 miles and still going strong. I fully expect at least another 3 years out of it. I haven't pul...
by 6p24qtn
Sat Apr 27, 2019 8:09 am
Forum: Personal Consumer Issues
Topic: Water heaters/ energy consumption, high electric bill
Replies: 34
Views: 2275

Re: Water heaters/ energy consumption, high electric bill

My wife likes to take a hot bath every night in our large bath tub to sooth her joint pain. I have always been suspicious as to how much electricity our electric water heater is consuming. A month ago, I installed a power monitor on the water heater circuit. After a month's worth of recording, I hav...
by 6p24qtn
Sat Mar 23, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: advice on a carpet cleaner
Replies: 14
Views: 1742

Re: advice on a carpet cleaner

Bissell Big Green - it's a commercial duty unit. I have 5 dogs. Mistakes happen (think illness). There has been a time or two when I was absolutely convinced that a new carpet was going to be required. Having a unit on hand and being able to tackle the mess immediately is a huge factor. The price dr...
by 6p24qtn
Mon Dec 31, 2018 11:38 pm
Forum: Personal Investments
Topic: End of the year portfolio checkup! Happy New Year!
Replies: 9
Views: 1189

Re: End of the year portfolio checkup! Happy New Year!

By no means am I a voice of authority but from my humble perspective, you're doing very, very well. Who in their early 30s nearly has their house paid off while having no other debt, maximizes retirement accounts and contributes to child's college fund? That is not common. Barring major financial tr...