Search found 27 matches

by Pitagoras
Mon Dec 09, 2019 3:24 pm
Forum: Personal Investments
Topic: Can i retire?
Replies: 48
Views: 4599

Re: Can i retire?

I guess I'm scratching my head. OP is 53. Says expenses are $50,000, and has $2.4 million. $2,400,000 / $50,000 = 48 years. Ignoring Social Security and pension, it's a non-issue. Now, OP adds in $50,400 in Social Security and pension beginning in 12 years. Assume the OP is wrong, his expenses are ...
by Pitagoras
Mon Dec 09, 2019 3:08 pm
Forum: Personal Investments
Topic: Getting to understand IRA
Replies: 5
Views: 436

Re: Getting to understand IRA

Thanks guys, I appreciate learning from you. Will try to understand better the backdoor option (read it many times...still needs to sink in). Tnxs
by Pitagoras
Fri Dec 06, 2019 4:44 pm
Forum: Personal Investments
Topic: Getting to understand IRA
Replies: 5
Views: 436

Getting to understand IRA

After a lot of thought and reading some books I thought I was ready to jump into investments, but I think I am still far away of being enough educated. Due to a company spin off I got some amount of money from vested stock options in advance. My 401k is in Fidelity, but reading so much about Vanguar...
by Pitagoras
Tue Nov 19, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Why does Chase bonus require in-person sign up?
Replies: 11
Views: 1389

Re: Why does Chase bonus require in-person sign up?

I cashed in the 300 bucks bonus 2 years ago, but I had a branch in my neighborhood. I remember they needed to physically see my documentation and scan it in. Every change I need to do I need to produce the original documents (Social, DL, etc.). So maybe that is the reason, the clerk who scans them i...
by Pitagoras
Thu Nov 14, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 49
Views: 4023

Re: Should I Travel ot Ecuador?

Petty theft is very common in developing countries because people are POOR. Having lived only 4 years in the US, and the rest of my life in Latin America, the only time someone broke in my car was last July in the mall in Montery, California. The only time I saw a pickpocket in progress was in Rome...
by Pitagoras
Thu Nov 14, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 64
Views: 6946

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

Every single time I changed my job I had this kind of nostalgia the first few weeks, even wanting to go back. It passes. Stay the course, you will adapt and you will end up with a positive balance. Going back so fast...you left a scar on your former company which did not heal yet. If you go back in ...
by Pitagoras
Thu Nov 14, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 49
Views: 4023

Re: Should I Travel ot Ecuador?

Being myself from South America I guess my comment may be biased but...OFF COURSE you should travel! We are used to protests in the street, you just need to avoid to be in the middle of them. And then use your common sense. I would not flash an expensive camera in shady neighborhoods. Use a normal b...
by Pitagoras
Thu Nov 14, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting/Expense tracking
Replies: 39
Views: 2901

Re: Budgeting/Expense tracking

I loved Quicken, used it for a few years until I switched PC to Mac, did not get it or whatever. Now I use Excel, but far from the granularity I had achieved with Quicken. I did not integrate with online platforms, I entered it all manually and was happy with it. I am going to look to the Gnu app so...
by Pitagoras
Thu Nov 14, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Charge - refund
Replies: 30
Views: 2711

Re: Credit Card Charge - refund

I am sorry I can't help on this but I saw you got pretty actionable answers... But what keeps nagging me...rather intriguing.. you were to pay 12500 for professional coaching? Is that for career coaching?!? Sorry maybe my English not good enough to understand what you hired for that amount. And plea...
by Pitagoras
Wed Nov 13, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Legal entity for a non-citizen
Replies: 1
Views: 203

Re: Legal entity for a non-citizen

What type of visa will they get while waiting for permanent resident card? Depending on the bank, you may be able to open an account just with the visa. When I moved into this country and did not yet have my SSN, I was rejected by one bank, but another one took my business and I deposited some small...
by Pitagoras
Wed Nov 13, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to start a business
Replies: 23
Views: 2205

Re: How to start a business

I am in mid+ 50s, lost my job recently. I worked in the private sector with very limited safety net. My job situation has been unstable since last 7 years. Got laid-off three times already, 2 times restructuring, 1 time performance issue :-( I strongly believe it is them, but nowadays feel that may...
by Pitagoras
Wed Nov 13, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 10930

Re: The difficulty of discarding frugality?

:thumbsup Far too many ignore that money can be replaced but time cannot. We would much rather create memories while we're healthy and active than sit on a pile of money when we're unable to do much, although giving to others can still be very enjoyable in the latter stages of one's twilight years....
by Pitagoras
Tue Nov 12, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating going self employed, what to consider?
Replies: 11
Views: 607

Re: Evaluating going self employed, what to consider?

Keep looking and interviewing. Yes it might be harder for someone older but it's not impossible. Tap in your network. yeap, also that. The thing is that my network is not big in the US, I've been working here for a little bit more than 4 years, and I guess I did a lousy job building one. I was also...
by Pitagoras
Tue Nov 12, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating going self employed, what to consider?
Replies: 11
Views: 607

Re: Evaluating going self employed, what to consider?

Thank you all guys, I needed to hear those advises, pure gold for me. txs. As a business owner, I think it will take a long while and a tremendous amount of effort to match your current salary and benefits. If it were me, I would just hang in, lower my expenses and save as much money as possible unt...
by Pitagoras
Tue Nov 12, 2019 12:39 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 15833

Re: Spend It All vs. Leave $$ for the Kids

My idea is to live well and comfortable until the end of my life, and whatever is left should go to the kids. Sounds so obvious, but what I mean with that simple message is that I will NOT sacrifice my well being to leave something behind. I will do my best to educate my kids and bring them through ...
by Pitagoras
Tue Nov 12, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating going self employed, what to consider?
Replies: 11
Views: 607

Re: Evaluating going self employed, what to consider?

I thought about a franchise since I have zero experience in running a business. This statement worries me very much. A franchise will not save you from a lack of experience or knowledge. If anything, it could make your losses greater since you would have costs associated with franchising in additio...
by Pitagoras
Tue Nov 12, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating going self employed, what to consider?
Replies: 11
Views: 607

Re: Evaluating going self employed, what to consider?

Thanks guys for the comments. Yes, I think ideally I would love to create my own business WHILE employed...like keeping one foot on each side of the creek. I know that not being 100% committed to a business is a recipe for failure, but on the other side I am risk averse. I thought about a franchise ...
by Pitagoras
Tue Nov 12, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating going self employed, what to consider?
Replies: 11
Views: 607

Evaluating going self employed, what to consider?

Hi BHeads, Even though I've been around for a while, this is my first post looking for some generic advice...career options and so on, maybe learning about other cases and experience, maybe some inspiration, who knows. I am 51 years old, I have a fairly good paying job in Texas (170k + bonus + stock...
by Pitagoras
Wed Oct 23, 2019 3:59 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5069

Re: Emergency Fund - why not VTSAX?

Thanks, very educational.

nisiprius wrote:
Wed Oct 23, 2019 3:13 pm
The comparisons are to the Vanguard Prime Money Market Fund, VMMXX, which is quite similar in its characteristics to the best and most competitive bank savings accounts.
Would VMMXX be then a better choice then?
by Pitagoras
Wed Oct 23, 2019 2:57 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5069

Re: Emergency Fund - why not VTSAX?

Exactly, that is what I mean. I was not considering that the stock market is NOT stable while thinking it as a potential EF holder.
by Pitagoras
Wed Oct 23, 2019 2:30 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12637

Re: High income earner waiting for a bear market to start investing

Maybe my comment is rather meant to learn than to suggest, but if you are keeping 40k a month...why don't you pay off your both cars and safe those 3% of interest cost, in just one month? Additionally, increasing your credit score, peace of mind and so many other benefits? Maybe I am just jealous ;-)
by Pitagoras
Wed Oct 23, 2019 2:22 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5069

Re: Emergency Fund - why not VTSAX?

Thanks all again, and thanks for pointing out, off course I meant VTSAX.

Yes, I was considering a stable stock market, since it would take a few days to make the money liquid again. Never tried, but I suppose.

Will keep studying the alternatives, thanks.
by Pitagoras
Tue Oct 22, 2019 4:19 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5069

Re: Emergency Fund - why not VSTAX?

Waw, thanks all for so many answers, they help a lot. I am currently are holding about 30k in my chase account and was about to move it all to VSTAX. But certainly I am also attracted to open an account in Capital One and move it over, they yield generous returns compared to Chase and it is still a ...
by Pitagoras
Tue Oct 22, 2019 12:54 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5069

Emergency Fund - why not VTSAX?

Hi, I keep reading about emergency fund in a savings account, and I am worrying about getting something wrong...why not keep it in one of the VSTAX or some other fund the like? Why do people insist in having it in savings account? Is it do have it immediately available? Or is it related to transacti...
by Pitagoras
Thu Sep 05, 2019 1:13 pm
Forum: Personal Investments
Topic: First question: "short term reserves" in my mix
Replies: 9
Views: 911

Re: First question: "short term reserves" in my mix

Welcome to the world of taking responsibility for your finances. Bonds should be in your IRA, not in your taxable brokerage account. See wiki Tax-efficient_fund_placement for reasoning. Thanks, I am aware of that, I just started with the VSTAX and opened the IRA account first, and filled it up this...
by Pitagoras
Thu Sep 05, 2019 1:11 pm
Forum: Personal Investments
Topic: First question: "short term reserves" in my mix
Replies: 9
Views: 911

Re: First question: "short term reserves" in my mix

Thank you all for the warm welcome and tips! I will certainly follow those topics. Hello Pedro, I think you are referring to the "asset mix" tab on your dashboard? I've noticed this can be a few days behind on the Vanguard website. For example, when you make a purchase the amount that was previously...
by Pitagoras
Wed Sep 04, 2019 9:51 am
Forum: Personal Investments
Topic: First question: "short term reserves" in my mix
Replies: 9
Views: 911

First question: "short term reserves" in my mix

Dear all, this is my first entry in this forum. I read the bogleheads book and researched a lot and decided to use Vanguard. So far I am still getting used to the terms, and please believe me placing such a dumb question here is my last resort after searching everywhere, I hope I do not offend anyon...