Search found 187 matches

by Escapevelocity
Sun Oct 25, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 13
Views: 1381

Re: Potential job loss at 62

Have you factored in any likely severance payment? That could be used to pay down the mortgage or fund the monthly shortfall.
by Escapevelocity
Fri Oct 23, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: No Peeking - 2021 Goal to not look at balances
Replies: 46
Views: 2270

Re: No Peeking - 2021 Goal to not look at balances

There was a Planet Money podcast episode about escheatment (unclaimed property) recently. One of the stories cited was about a guy that had invested in Tesla very early with the intention to not touch the shares for 10-20 years. At some point, he moved to a new residence. Since he failed to change h...
by Escapevelocity
Thu Oct 22, 2020 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: A bit embarrassing, but I was looking at SS wrong
Replies: 58
Views: 8507

Re: A bit embarrassing, but I was looking at SS wrong

For me, it's simple. If you need the money at 62 to maintain an appropriate standard of living (as defined by you) then claim SS early. If you have other options to fund this lifestyle without claiming early, then wait.
by Escapevelocity
Wed Oct 21, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 153
Views: 12977

Re: Where do you buy coffee beans?

If you like a dark roast, I highly recommend these beans: https://www.amazon.com/Mayorga-Organics-Organic-Certified-Non-GMO/dp/B00HSRNHHG/ref=pd_nav_hcs_rp_2/133-8715829-1682068?_encoding=UTF8&pd_rd_i=B00HSRNHHG&pd_rd_r=aa14ea7a-7992-4cc7-921c-6b53337a46db&pd_rd_w=14gBW&pd_rd_wg=n8znx&pf_rd_p=b90f74...
by Escapevelocity
Sun Oct 18, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: HM Bradley savings plan 3% APY
Replies: 28
Views: 3205

Re: HM Bradley savings plan 3% APY

I am giving it a shot. I opened an account for $200. My SS will be direct deposited to them in December. I entered their plan to be offered a credit card; with their credit card I believe the rate goes up to 3.5%. After that I will transfer more cash. Their current lowest rate is 1% and their highe...
by Escapevelocity
Thu Oct 15, 2020 7:13 am
Forum: Personal Investments
Topic: How much cash does 80 y.o. FI ($5.8m NW) mother need? She's curious about gifting, places to park cash
Replies: 31
Views: 4704

Re: How much cash does 80 y.o. FI ($5.8m NW) mother need? She's curious about gifting, places to park cash

Does she have POA and advance directives set up? Don't wait until her cognition is a major issue before addressing those things.
by Escapevelocity
Wed Oct 14, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: Which asset class will be the best in the 2020s?
Replies: 48
Views: 3017

Re: Which asset class will be the best in the 2020s?

KlangFool wrote: Tue Oct 13, 2020 5:08 pm OP,

My vote is for the SILVER.


KlangFool
It's funny how you always put "The" in front of things :D
by Escapevelocity
Mon Oct 12, 2020 12:36 pm
Forum: Personal Investments
Topic: Anyone else not buying stocks due to their AA?
Replies: 13
Views: 1495

Re: Anyone else not buying stocks due to their AA?

seems like you need a lower AA stock %.
by Escapevelocity
Mon Oct 12, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Do I have to read the prospectus before buying an index fund?
Replies: 28
Views: 1441

Re: Do I have to read the prospectus before buying an index fund?

It would be far better to spend an hour educating yourself about how index funds operate than to read the legal language in a mutual fund prospectus. If you're dealing with a vanilla type SP500 or Total Market Index fund you just need to understand the nature of the underlying index, the expense rat...
by Escapevelocity
Mon Oct 12, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: Person who does the opposite of sell in downturn AA?
Replies: 10
Views: 889

Re: Person who does the opposite of sell in downturn AA?

The OP simply seems to be demonstrating that he/she has a high risk tolerance and using the setup of the post as evidence of that. Not sure if there is anything actionable in the post.
by Escapevelocity
Sun Oct 11, 2020 10:49 pm
Forum: Personal Consumer Issues
Topic: Rent a goat to clear/maintain a field?
Replies: 67
Views: 6000

Re: Rent a goat to clear/maintain a field?

Is this field adjacent to your home or is it just a random plot of land in the middle of nowhere? If it’s not adjacent to your home why do you own it?
by Escapevelocity
Sun Oct 11, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Change allocation -Close to #
Replies: 26
Views: 1234

Re: Change allocation -Close to #

This is a very reasonable and wise approach. The fact that you’ve basically won the game already is reason enough to dial back the allocation considerably and to keep it there long term.
by Escapevelocity
Sun Oct 11, 2020 6:12 am
Forum: Personal Consumer Issues
Topic: How to get roadside assistance without AAA?
Replies: 74
Views: 5058

Re: How to get roadside assistance without AAA?

Too few people mentioning the two most overlooked ways to get roadside assistance: 1) Cars <5 years old typically have this benefit as part of the warranty. For example, Hyundai includes 5 years with every new vehicle. https://www.hyundaiusa.com/us/en/assurance/roadside-assistance 2) Most major cre...
by Escapevelocity
Fri Oct 09, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Age 50++ - When to "self-insure", i.e., cancel Disability and Term Life Insurance policies
Replies: 18
Views: 2341

Re: Age 50++ - When to "self-insure", i.e., cancel Disability and Term Life Insurance policies

For level term.... rarely unless you are in extreme poor health and they are likely to collect While it’s true that there is more bang for the buck near the end of the term, it’s still a likely loosing bet. The actuarial advantage is small unless your health seriously declined over the term period....
by Escapevelocity
Fri Oct 09, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: Marketers think I'm elderly. I'm not.
Replies: 47
Views: 4342

Re: Marketers think I'm elderly. I'm not.

The free cremation promo is priceless!
by Escapevelocity
Fri Oct 09, 2020 7:42 am
Forum: Personal Finance (Not Investing)
Topic: 401K Deferral Error by my company - Dispute regarding corrective action
Replies: 10
Views: 532

Re: 401K Deferral Error by my company - Dispute regarding corrective action

Have you calculated the approximate harm to your current balance caused by the error?
by Escapevelocity
Thu Oct 08, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Age 50++ - When to "self-insure", i.e., cancel Disability and Term Life Insurance policies
Replies: 18
Views: 2341

Re: Age 50++ - When to "self-insure", i.e., cancel Disability and Term Life Insurance policies

For a long-term term fixed premium policy, the premiums for the last years of the policy are usually a "Bargain" considering that the risk of death is higher but the premiums are flat. As such, it usually makes sense to not abandon those policies considering the actuarial inherent value of keeping t...
by Escapevelocity
Thu Oct 08, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: The Paradox of Golden Handcuffs
Replies: 6
Views: 1100

Re: The Paradox of Golden Handcuffs

That 'problem' is being solved by pensions going away :annoyed :wink: In most situations those perks are offered specifically because the business that offers them does view retaining its employees as a benefit. Giving a way to the benefit without the time in service negates one of the main reasons...
by Escapevelocity
Thu Oct 08, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: The Paradox of Golden Handcuffs
Replies: 6
Views: 1100

The Paradox of Golden Handcuffs

I've been giving a lot of thought to the paradox of golden handcuffs. There are tons of folks in their 50's and 60's who would have retired yesterday, but they are waiting for some arbitrary date on the calendar when their [pension, retiree health, RSUs, etc.] lock in. So people hang on and veg out ...
by Escapevelocity
Wed Oct 07, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Floor tile grout appears stained. Is it a plumber issue or a cleaning issue?
Replies: 20
Views: 2319

Re: Floor tile grout appears stained. Is it a plumber issue or a cleaning issue?

Spray straight or slightly diluted white vinegar onto the stained grout with a spray bottle. Let sit for a few minutes. Then apply a simple solution of baking soda, dish soap and hot water and scrub with a stiff brush. Works like a charm!
by Escapevelocity
Thu Oct 01, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How well did you predict your income growth?
Replies: 52
Views: 3966

Re: How well did you predict your income growth?

I've had a salary projection in my retirement model for the past 20+ years since it is necessary for computing the annual savings generated at a given percentage of income. Unfortunately, I didn't archive these on an annual basis. I kept updating as events unfolded. I do know that my projections for...
by Escapevelocity
Thu Oct 01, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Retiring at 55 and help deciding on Pension now or delay
Replies: 29
Views: 3749

Re: Retiring at 55 and help deciding on Pension now or delay

Not downplaying the importance of your decision, but it would be hard for you to make a bad choice here since you are crushing it. Your best decision is already made, the one to retire at 55.
by Escapevelocity
Wed Sep 30, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Oh Housing
Replies: 21
Views: 1805

Re: Housing Oh Housing

To echo what Rich said above, maker sure you plan to stay in the house a minimum of 5 years otherwise rent. The transaction costs will eat you alive otherwise.
by Escapevelocity
Mon Sep 28, 2020 1:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230428

Re: Two comma club :)

Congratulations! The living within or below your means part is huge. Now you can enjoy the rewards!
by Escapevelocity
Mon Sep 28, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 9979

Re: Were you nervous when you retired?

I retired at 60. I liked my job (but don't miss the administrivia BS at all), but there were many things I wanted to do outside of work that I didn't have enough vacation time for. I miss the people I worked with, but I wouldn't have the personal interactions now with most people working from home ...
by Escapevelocity
Sun Sep 27, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 9979

Re: Were you nervous when you retired?

I retired at 60. I liked my job (but don't miss the administrivia BS at all), but there were many things I wanted to do outside of work that I didn't have enough vacation time for. I miss the people I worked with, but I wouldn't have the personal interactions now with most people working from home ...
by Escapevelocity
Sun Sep 27, 2020 9:18 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 9979

Re: Were you nervous when you retired?

Nervous? Heck no! But I had a plan to transition from "FT work" to "PT work" to "almost no work" to "no work". I'm at the "almost no work" stage (now average about 8 hours a month), and am close to the "no work" stage. I had a very good/interesting engineering job that was well paid (but not by FAA...
by Escapevelocity
Fri Sep 25, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: At what networth is okay to splurge on a 200k car ? (Tesla roadster)
Replies: 159
Views: 10691

Re: At what networth is okay to splurge on a 200k car ? (Tesla roadster)

Of course, it depends. But, I would scoff at anyone with a NW below $3 million spending that much on a toy of any sort.
by Escapevelocity
Thu Sep 24, 2020 9:27 pm
Forum: Personal Investments
Topic: Examples of High Yielding Stocks that did not cut dividend
Replies: 8
Views: 981

Re: Examples of High Yielding Stocks that did not cut dividend

Thanks for the replies but it appears I didn’t phrase my question clearly enough. I’m not looking to move my index fund investments into high yield dividend stocks. That wasn’t the point of my post. It’s somewhat of an academic question and let’s call this more of a research study not a strategy. I’...
by Escapevelocity
Thu Sep 24, 2020 4:58 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6741

Re: Stock Market Recent Sell Off Mystery

The cash isn't flowing anywhere. It just disappears. The stock market is not a USD container. Its market cap is determined by trading, not holding. Stock prices are set by trading. There is a buyer and seller for every share transacted. If those traders think it's worth less than previously, the ma...
by Escapevelocity
Wed Sep 23, 2020 3:49 pm
Forum: Personal Investments
Topic: Examples of High Yielding Stocks that did not cut dividend
Replies: 8
Views: 981

Re: Examples of High Yielding Stocks that did not cut dividend

But, I'd also like to know of examples where stocks yielded above 10% and in the long term after that, never cut the dividend and where the situation played out favorably for investors that got in at that level of yield. You do realize that the stock price drops by the dividend payout, right? Not l...
by Escapevelocity
Wed Sep 23, 2020 3:01 pm
Forum: Personal Investments
Topic: Examples of High Yielding Stocks that did not cut dividend
Replies: 8
Views: 981

Re: Examples of High Yielding Stocks that did not cut dividend

I believe Kinder Morgan fits that criteria of a high yielder, and the CEO promised not to cut it, but then did anyway. I'm no expert, but my two cents is I feel like EPD is probably the "safest" of all the MLP pipeline companies with the most conservative management. I'm glad I left my "speculative...
by Escapevelocity
Wed Sep 23, 2020 2:44 pm
Forum: Personal Investments
Topic: Examples of High Yielding Stocks that did not cut dividend
Replies: 8
Views: 981

Examples of High Yielding Stocks that did not cut dividend

I have been holding a position in EPD for almost a decade (adding along the way) and have not had a good return. In fact, I am about 35% under water on my overall average cost basis. I do still believe in the management team and the long term fundamentals of the company and not really looking to deb...
by Escapevelocity
Mon Sep 21, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: The conundrum of Pennsylvania 401K contributors who are in no way "married" to the state for retirement. What to do?
Replies: 24
Views: 2740

Re: The conundrum of Pennsylvania 401K contributors who are in no way "married" to the state for retirement. What to do?

Even if you retire in a state like NJ, if you keep your taxable income relatively low you will pay low bracket state taxes. New Jersey’s are below 2% at the lower brackets. NJ exempts all retirement income from taxation if you are over 62 and your gross income is under $100K (retirement exclusion l...
by Escapevelocity
Mon Sep 21, 2020 10:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Cheez-It Guy wrote: Mon Sep 21, 2020 10:16 am Good. Automatic investment hits this afternoon.
It's always nice when it hits after a big down day and not before it. I have a larger contribution to 401k pending on my annual bonus this week. Wouldn't mind seeing it hit today, but likely not until later this week or early next.
by Escapevelocity
Sun Sep 20, 2020 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: The conundrum of Pennsylvania 401K contributors who are in no way "married" to the state for retirement. What to do?
Replies: 24
Views: 2740

Re: The conundrum of Pennsylvania 401K contributors who are in no way "married" to the state for retirement. What to do?

Even if you retire in a state like NJ, if you keep your taxable income relatively low you will pay low bracket state taxes. New Jersey’s are below 2% at the lower brackets.
by Escapevelocity
Sat Sep 19, 2020 4:26 am
Forum: Personal Consumer Issues
Topic: Getting rid of silverfish
Replies: 14
Views: 1644

Re: Getting rid of silverfish

I saw one silverfish running along my bedroom's wooden floors and am wondering if this is a sign of a larger infestation. It's the only silverfish I've ever seen in all the time I've lived here. Would you recommend any particular products to kill it / nip an infestation in the bud? I don’t think se...
by Escapevelocity
Wed Sep 16, 2020 8:47 pm
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

quantAndHold wrote: Wed Sep 16, 2020 7:18 pm
Escapevelocity wrote: Tue Sep 15, 2020 9:01 pm For folks who have the means to do so, it seems like a no-brainer to flee the area for couple weeks at least.
And go where, exactly?
It’s a big country. Depends on personal preference. Take a road trip somewhere rural in the flyover states.
by Escapevelocity
Wed Sep 16, 2020 3:53 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16415

Re: Coping with Megacorp rat race

Easiest way to cope is to become essential. Be an expert, or the best at something that is difficult or impossible to replace. If it still becomes unbearable, find something else, but remember the grass is not always greener. This is the absolute best advice in this thread. Develop a niche whether ...
by Escapevelocity
Wed Sep 16, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51463

Re: How to get over finance envy

And avoid opening BH threads entitled " large inheritance - how to invest?", "can we buy this 5 mill house?" "parents are funding our down payment- how much to spend?" "or "We only have $4 mill and 2 pensions - can we retire?" :twisted: I love the ones that say "my wife and I each have $80k pension...
by Escapevelocity
Tue Sep 15, 2020 9:19 pm
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

For folks who have the means to do so, it seems like a no-brainer to flee the area for couple weeks at least. And deal with COVID 1000 miles away? You bet. Dealing with Covid is fairly manageable with some basic precautions. Avoiding noxious air 24/7 is a lot harder. Not really. MERV 13 filters, st...
by Escapevelocity
Tue Sep 15, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

palanzo wrote: Tue Sep 15, 2020 9:13 pm
Escapevelocity wrote: Tue Sep 15, 2020 9:01 pm For folks who have the means to do so, it seems like a no-brainer to flee the area for couple weeks at least.
And deal with COVID 1000 miles away?
You bet. Dealing with Covid is fairly manageable with some basic precautions. Avoiding noxious air 24/7 is a lot harder.
by Escapevelocity
Tue Sep 15, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16415

Re: Coping with Megacorp rat race

my wife is a manager and she's tired of the politics. i told her she can retire in 4 years. How did you guys come to the understanding that you are the gatekeeper to when she can retire? Um, because she has full trust in my decisions. Good answer. Sorry if it came across as judgmental, I was genuin...
by Escapevelocity
Tue Sep 15, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

For folks who have the means to do so, it seems like a no-brainer to flee the area for couple weeks at least.
by Escapevelocity
Tue Sep 15, 2020 6:43 pm
Forum: Personal Investments
Topic: Roth conversion taxes
Replies: 9
Views: 853

Re: Roth conversion taxes

April 15 is the day all taxes are due. But if it is a large conversion and you cannot meet one of the safe harbors of tax withholding, you need to make an estimated payment by January 15 I believe. If it is a large conversion, then even if an estimated payment is made by January 15, the IRS could c...
by Escapevelocity
Tue Sep 15, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16415

Re: Coping with Megacorp rat race

squirm wrote: Tue Sep 15, 2020 12:26 pm my wife is a manager and she's tired of the politics. i told her she can retire in 4 years.
How did you guys come to the understanding that you are the gatekeeper to when she can retire?
by Escapevelocity
Tue Sep 15, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: Coping with Wildfire smoke
Replies: 111
Views: 6967

Re: Coping with Wildfire smoke

How about Idaho or Montana? Maybe rent a cheap house on Craigslist for a month. I would definitely go SOMEWHERE. No way I would want to breath smoke for weeks at a time.
by Escapevelocity
Tue Sep 15, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: Solar - after 1 year the results are in.
Replies: 64
Views: 6888

Re: Solar - after 1 year the results are in.

Nice! What part of the country do you live?
by Escapevelocity
Tue Sep 15, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16415

Re: Coping with Megacorp rat race

I worked at megacorps for 30 years and reached senior levels. The politics get worse as you get higher up and over the last 15 years many megacorps have become very woke and less of a meritocracy. I'm 5.5yrs into my first Megacorp (well, medium corp) experience. It was an absolute dream for 5yrs; h...