Search found 74 matches

by Reamus294
Fri May 15, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2912

Re: Leaving a Job Voluntarily during a pandemic?

I would lean towards taking the offer due to the concern of the higher combined risk of future layoffs, the job being more stressful due to less employees, and instability of the company. I would lean harder if you are open to moving. As a CPA, I would think you could find a comparable or higher sal...
by Reamus294
Wed Mar 11, 2020 9:29 am
Forum: Personal Investments
Topic: Rebalancing an Inherited IRA
Replies: 24
Views: 1752

Re: Rebalancing an Inherited IRA

That's a nice update. Congrats on your good fortune of the market timing. Even if you put it all in now, you'll be better off than you were and you should probably consider yourself lucky for that. If it was me, I would make a plan and schedule a percentage. Given the current situation, I would also...
by Reamus294
Fri Feb 21, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: "The "Everything Rally" Continues - Will this end badly?
Replies: 144
Views: 13401

Re: "The "Everything Rally" Continues - Will this end badly?

OP, The market will go down and it will go up, then it will go down again, then up again... and it will be for different reasons every time. Today will also be different from yesterday and this month/year will be the different from the previous. If you don't want to time the market, but you keep get...
by Reamus294
Wed Feb 19, 2020 10:26 am
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11120

Re: Perform own oil change pros & cons?

I have older cars and I tend to diy as much as I can because I like working with my hands. I use a synthetic blend every 5K-7K. I installed a fumoto drain valve which makes the job a little cleaner and easier. I get my oil filters in 6 packs from amazon, and oil from wally world. It helps that my ca...
by Reamus294
Thu Feb 13, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I find a different job with a better commute?
Replies: 50
Views: 3473

Re: Should I find a different job with a better commute?

It may help to ask to work remotely a day or two a week until the office moves closer, that way it doesn't sound so permanent to your boss. My commute feels soul-draining and it is half of yours, but if I thought about it the way venkman put it, getting paid $150/hr to drive would be worth it to me....
by Reamus294
Tue Feb 04, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 6957

Re: who do you bank with and why?

We use a local credit union that has been pretty progressive with their app and online services. I need to deposit cash every once in awhile and they serve as a good back up if loans are desired. Then we have an online bank for HY savings. At some point we may do away with the online bank and just u...
by Reamus294
Fri Jan 31, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you that include your vehicle(s) in your net worth, how do you determine its value?
Replies: 66
Views: 2644

Re: For those of you that include your vehicle(s) in your net worth, how do you determine its value?

My cars are old so it doesn't make much of a difference, but I use a conservative low price, low-end of kbb private party, or trade in. A price that I would be able to sell in the next week on craigslist. I like to think of my net worth number as my pick up and move to a different country number. It...
by Reamus294
Thu Jan 30, 2020 1:23 pm
Forum: Personal Investments
Topic: How to Invest Educational Trust?
Replies: 15
Views: 584

Re: How to Invest Educational Trust?

The most profitable thing to do would be to tailor each account to each child and base it around when they would need the funds. That also sounds complicated and there is a lot of guessing about the future, especially at those ages. I wouldn't want to do this because you are essentially a financial ...
by Reamus294
Wed Jan 29, 2020 11:02 am
Forum: Personal Consumer Issues
Topic: Benefits of buying things secondhand?
Replies: 93
Views: 7125

Re: Benefits of buying things secondhand?

Not quite second hand, but I check out amazon warehouse for certain things. They are returned items with some sort of flaw and can sometimes have a huge discount. We have to return some items, which is very easy, due to the amount of damage or missing piece but 90% of the time it works out.
by Reamus294
Wed Jan 29, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Ideal Withdrawal Rate
Replies: 15
Views: 2108

Re: Ideal Withdrawal Rate

It should be obvious, though I don't think that it always is to everyone, but the more flexibility you have with regard to your retirement spending, the less impacted you are by changes in your withdrawals. I agree. I look at a safe withdraw rate as more of a guide. For saving for retirement, I kee...
by Reamus294
Fri Jan 24, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 48
Views: 7960

Re: I am not very good at my job

Just know you aren't alone. There are a lot of good suggestions here and some I will be using. Using your manager to tell you what they think you are doing right or what you could improve on is a good thing. That way you aren't assuming you are doing it the wrong way. I switched positions awhile bac...
by Reamus294
Tue Jan 21, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3083

Re: Divorced but ex is not pushing for Qdro

QDROs and pensions can be tricky. Each state is going to be different and each pension within that state can be different. The one that I'm familiar with could hold up your retirement for up 6 months if there is a pending unsigned QDRO. The ex would have to show she was entitled to something (listed...
by Reamus294
Tue Jan 14, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do the wife and I have house fever? Want to buy 550k home
Replies: 35
Views: 4362

Re: Do the wife and I have house fever? Want to buy 550k home

Congratulations on the now healthy baby and promotion! I agree with the insurance since so much is dependent on your income and building up a large emergency fund so your taxable remains part of your retirement. As long as you understand you are house poor right now and you are able to make the conc...
by Reamus294
Thu Jan 09, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve
Replies: 75
Views: 10829

Re: Chase Sapphire Reserve

CSR compliments my AMEX Cash Preferred and Amazon cards well. We have found some great deals through the portal, but my SO likes searching for deals and we are pretty flexible with where we travel. The priority pass has been convenient when a lounge is available in the right terminal, but the lounge...
by Reamus294
Thu Jan 09, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirement numbers
Replies: 4
Views: 1832

Re: Retirement numbers

Congrats!

Do you mind sharing your passive income source (general or specific)? I'm always curious what individuals do for passive income.

I hope this doesn't side rail anything, but I'm also always interested in what others like for bourbon. What are your top couple sub-$40 bourbons?
by Reamus294
Wed Jan 08, 2020 5:55 pm
Forum: Personal Investments
Topic: Ohio STRS opinions
Replies: 20
Views: 798

Re: Ohio STRS opinions

Not sure if you're questioning what is the purpose of a pension plan or something else. STRS has a pretty good funding ratio 75+% and doesn't seem like one of the pensions in real trouble. A 15% contribution rate does seem high. If they are replacing 79% of your current income after 26 years, and th...
by Reamus294
Wed Jan 08, 2020 3:31 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11187

Re: How is your "number" defined?

Here is my formula assuming you plan to retire at age 62 or later... (if you plan to retire earlier, you will need a bigger buffer) 1) Determine how much you will want or need to spend each year as of the year you retire 2) Determine how much social security or pension income you will have each yea...
by Reamus294
Fri Jan 03, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing? Just turned 30
Replies: 12
Views: 1856

Re: How are we doing? Just turned 30

Congratulations on all of the current and possible future life changes. Sounds like you're on a great path with a nice savings rate! I'll second the separate car and vacation accounts. They serve as a secondary emergency fund if priorities change drastically. I also use the car account for repairs s...
by Reamus294
Fri Dec 06, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: pension plan with survivor benefits for child?
Replies: 20
Views: 1119

Re: pension plan with survivor benefits for child?

There also may be IRS requirements that may not allow a 100% to survivor option to a non-spouse beneficiary. I think it is in section 401a9 and based on the age difference. It may only be applicable to certain pension plans, but may be a good question for her to bring up.
by Reamus294
Wed Nov 27, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Optimum Time to Replace a Car with New Car
Replies: 49
Views: 3967

Re: Optimum Time to Replace a Car with New Car

40K is nice low mileage. While Volvos can be expensive to repair, my town has some great specialty Volvo garages. I imagine the ride from the Volvo will be a little nicer (smoother, low noise) than the Forester. The Forester will give you a much better view, you'll sit higher, and they are great for...
by Reamus294
Wed Nov 27, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88439

Re: Found hidden safe, should we crack?

I couldn't resist. Here is a random document that shows the opening procedure for an S&G 6700 series, changing combination, and diagrams. https://www.cdse.edu/documents/cdse/combination-locks.pdf page 32 of 73 Counting turns can be confusing, and here are the instructions, they posted. Turn dial to ...
by Reamus294
Tue Nov 26, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Selling house after making improvements :-(
Replies: 19
Views: 2363

Re: Selling house after making improvements :-(

If it was me and I was unsure about what the next few years could look like, I'd see what houses are renting for in the area and call a property management company to see what they charge to manage your rental to take some of the worry out of it. You could end up losing more money, but there's a hig...
by Reamus294
Tue Nov 26, 2019 9:19 am
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 96
Views: 16319

Re: A little discouraged with earnings, is it really this slow?

I'm still trying to figure out how to project IRR and get numbers of future earnings. I know it's not rocket science but it's confusing to me on how I could using my spreadsheet above. I just keep it simple and multiply the beginning balance and half of the contributions for the year by .07, or wha...
by Reamus294
Mon Nov 25, 2019 3:33 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 96
Views: 16319

Re: A little discouraged with earnings, is it really this slow?

Hi All, I'm updating this thread with some updates since my last post. I was making $61k in September and ended up getting a promotion making $81.6k in October, I then started a new job this week in November which now pays $120k. I'm still in Texas and in a new 24% tax bracket. I'm turning 28 in Ja...
by Reamus294
Mon Nov 25, 2019 2:07 pm
Forum: Personal Investments
Topic: Accounting for Individual Stock in Asset Allocation
Replies: 19
Views: 819

Re: Accounting for Individual Stock in Asset Allocation

I keep our ESPP stock and RSUs (10-15% of our portfolio) in its appropriate asset class. It is a pain to ensure I have my desired asset allocation compared to purchasing the total stock market and I do plan to unload over time. I also keep it in the back of my head that my 80:20 portfolio is not as ...
by Reamus294
Mon Nov 25, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: House considered retirement?
Replies: 33
Views: 2841

Re: House considered retirement?

If one is planning to retire outside of the HCOL area, it might makes sense to consider a part of the home as a retirement asset. If you own a $2M home outright and you plan to retire into a $1M home, I think it might be reasonable to count the $1M difference as part of your retirement. +1 I wouldn...
by Reamus294
Wed Nov 13, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: Water hammer
Replies: 27
Views: 2310

Re: Water hammer

I use the screw on arrestors for my outdoor water timers that have real hard shut-offs. They only last so long, like expansion tanks.

A hot water recirculating pump could cause water movement.
by Reamus294
Thu Nov 07, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1767

Re: Should be I be investing anything in my current situation?

Congrats on your upcoming degree! Lots of good advice here. Your situation falls right into Dave Ramsey's wheelhouse (minus his investing advice). Get an emergency fund going, tackle your debt, and don't make any bad car or house decisions with recurring payments. I would also start investing someth...
by Reamus294
Mon Nov 04, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?
Replies: 29
Views: 3018

Re: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?

bhsince87 wrote:
Mon Nov 04, 2019 5:24 pm
There are some good Rieslings from the Finger Lakes region in NY.

Dr. Frank's is a favorite of mine.
I have some relatives in that region looking for some dry wines, but they say that most of them are on the sweeter side. Is this one on the dry side?
by Reamus294
Mon Nov 04, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?
Replies: 29
Views: 3018

Re: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?

Husch winery in california is a great value. We haven't tried one we didn't like. Member pricing and specials with shipping bring the prices down to close to your price point. Not sure if you can find them where you are but you may be able to order straight through the winery depending on your state...
by Reamus294
Mon Nov 04, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Municipal Retirement Plan, Good?
Replies: 10
Views: 1003

Re: Municipal Retirement Plan, Good?

and can retire anytime after 60 with 20 yrs or any age after 25 years. I think this part is incorrect. It should be vested at age 60, or with 20/25 years (depending on what the city elected). I felt like it was a good plan, however, would be better if he started later in life and retired after 20-2...
by Reamus294
Mon Nov 04, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford upgrading to a new condo
Replies: 8
Views: 1342

Re: Can I afford upgrading to a new condo

Great job on saving that much in what sounds like a HCOL area. We struggle with finding that balance too. It sounds like the promotion alone would pay for it, if she kept her job, big if there. Planning on a future promotion is risky, so I'd wouldn't think about it until then. My worry would be the ...
by Reamus294
Fri Nov 01, 2019 12:49 pm
Forum: Personal Investments
Topic: Entire retirement portfolio moving (involuntarily) to Fidelity
Replies: 13
Views: 1287

Re: Entire retirement portfolio moving (involuntarily) to Fidelity

we have no option but to keep everything at Fidelity. Is this cause for worry (all eggs in one basket)? You need to realize that Fidelity isn't the basket, the funds you invest in are... So if you invest in an S&P 500 fund, that's your basket. Not Fido, or Vanguard, or Schwab... Regards, This. And ...
by Reamus294
Fri Nov 01, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Managing Life with a Sick Kid
Replies: 8
Views: 1461

Re: Managing Life with a Sick Kid

My heart, thoughts and prayers are with you and your family. I am only an outsider with no direct experience. +1 on a support group or professional help. It can only help. There is no right answer, you can only do what you think is best for your family. I have a co-worker going through something sim...
by Reamus294
Tue Oct 29, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Have a Crummy Local Government Pension?
Replies: 51
Views: 4550

Re: Do I Have a Crummy Local Government Pension?

I don't think it's a crummy pension, but it's not great, and I wouldn't be excited about it for the amount I'm contributing to it. The funded ratio and the payout percentage seem low. I agree with texasdiver, it sounds like your plan favors those who work late in their career. I'd check to see what ...
by Reamus294
Wed Oct 23, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Enlarge shower to include bench, walk-in tub, or both?
Replies: 40
Views: 3001

Re: Enlarge shower to include bench, walk-in tub, or both?

My understanding is that you can use radiant floor heating in a shower by code, but something about standing in water with electricity so close may make me question that first step in. :happy Even if it is low voltage.
by Reamus294
Wed Oct 23, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: Enlarge shower to include bench, walk-in tub, or both?
Replies: 40
Views: 3001

Re: Enlarge shower to include bench, walk-in tub, or both?

Unfortunately I cannot go with a very low, roll in shower because of structure issues. Two story home with master bath on second floor. That was would have preferred, but it is a no go, financially. Broken Man 1999 Not sure what structure issues you have but we went with an onyx shower base ( https...
by Reamus294
Wed Oct 23, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7540

Re: Is principal portion of mortgage counted for savings rate purposes?

For my savings rate, I only use what I put towards money I plan to use in retirement (401k, 457, pension, and taxable brokerage). I do not include any employer matching to be conservative, but I can see why someone would. Also pension structures could make it difficult to determine employer matching...
by Reamus294
Tue Oct 22, 2019 4:56 pm
Forum: Personal Investments
Topic: Assisting a new widow manage her retirement
Replies: 14
Views: 1080

Re: Assisting a new widow manage her retirement

Sorry about your dad. I think TLH and foreign tax credits are relatively unimportant in your situation. I'd get the big things right before wading into the weeds. As suggested, you could put the whole tIRA into a balanced fund to simplify. Put the $500K in Vanguard Prime MM, and/or something like W...
by Reamus294
Tue Oct 22, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: SodaStream: a good replacement for Costco Kirkland sparkling water?
Replies: 26
Views: 3763

Re: SodaStream: a good replacement for Costco Kirkland sparkling water?

InvisibleAerobar wrote:
Mon Oct 21, 2019 10:05 pm


understood; what's the approximate footprint? something like 18 in by 12 in, with cannister/adapter another 24 in tall?

Depends on what size tank you want. A 10lb is about 20" tall and 7" in diameter.
by Reamus294
Mon Oct 21, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: SodaStream: a good replacement for Costco Kirkland sparkling water?
Replies: 26
Views: 3763

Re: SodaStream: a good replacement for Costco Kirkland sparkling water?

As I'm about to lug my canisters back to Bed Bath & Beyond yet again, I'm seriously contemplating about the DIY solutions mentioned above. Two main concerns are: -How large is the foot print? My kitchen is small, and the Soda Stream machine is currently located on a small kitchen bench (along with ...
by Reamus294
Mon Oct 21, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10453

Re: Advice: Windfall Makes Working Worse Than Not Working

The cost of leaving the professional workforce for a year is bigger than 600k over your lifetime. I agree with this. If you feel strongly about switching gears (traveling/working remotely/real estate investing) I'd say go for it. I would think it would be harder to find a similar paying job if you ...
by Reamus294
Fri Oct 18, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: SodaStream: a good replacement for Costco Kirkland sparkling water?
Replies: 26
Views: 3763

Re: SodaStream: a good replacement for Costco Kirkland sparkling water?

Same here as others. We hooked up a 10lb air tank to our soda stream and use filtered tap water with no flavors. The tank is in a cabinet and the hose goes through the wall. We get it filled at a home brew store. Might throw a slice of lime, lemon, or cucumber in my glass afterwards. We've found tha...
by Reamus294
Thu Oct 17, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: Are Really Large Battery Brands Fungible?
Replies: 29
Views: 3651

Re: Are Really Large Battery Brands Fungible?

Did you test them yourself or did the battery system tell you they are weak? I would think they should last longer than 3 years if not used much, but batteries are finicky. If you run into the problem again, you should probably look at the charger for the batteries. The battery you linked to can ser...
by Reamus294
Wed Oct 16, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2658

Re: coin collection - sell or keep?

I already sold the bulk of the wheat pennies (about 75 pounds worth) which helped a lot mentally. Curious as to what you got for them? Do the buyers value them at scrap rates? (im aware that google says its illegal to melt down coins for scrap) I sold 53lbs of wheat pennies for $320 (about .04 each...
by Reamus294
Tue Oct 15, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2658

Re: coin collection - sell or keep?

I am going through my father's small'ish collection now. If you originally bought them to pass down, then you should probably think about what they would do with them. Would they appreciate the coins, or would they take to the closest coin shop and possibly receive 50%-75% of their worth. If you bou...
by Reamus294
Tue Oct 15, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Home appraisal 8% less sq ft than listing
Replies: 42
Views: 3215

Re: Home appraisal square ft less than Seller Listing

I don't have any knowledge about the legalities of amending offers. Good news is that you might get to pay less taxes by using comps. That has to be real frustrating to make an offer based on the information they provided, especially with a $55k difference. I understand those that state you made the...
by Reamus294
Mon Oct 14, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 6134

Re: poor Boglehead sending my kids to college

Congratulations on putting away money early enough to provide them options. I don't think you can develop a plan of action this early, but thinking about and knowing your options is great. All of your options sound good, but what if they want to become a doctor? If your kids are 11 and 13 and alread...
by Reamus294
Thu Oct 10, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8775

Re: Psychologically adverse to start drawing down in retirement

Unfortunately, I am far away from drawing down in retirement, but I saw my father struggle with this. My plan is use an expected withdraw spreadsheet so I can see the balance declining in the future and mentally prepare for it. I'll throw in some expected negative returns into the mix too. If I am c...
by Reamus294
Thu Oct 10, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 3089

Re: Should I sell or hold [house]?

I'll preface this with saying I am not experienced with real estate and renting. If there is a chance you could get priced out of living there in the future and you'd like to live in the area, I'd say keep it.