Search found 10560 matches

by letsgobobby
Wed Nov 22, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Did you end up overfunding a 529?
Replies: 10
Views: 515

Re: Did you end up overfunding a 529?

I am debating buying 12 more prepaid undergraduate years for two kids ages 8 and 10 despite considering their accounts fully funded. The rationale is that the return will be guaranteed and in my estimation likely to be better than any safe investment over the next ten years (far higher than the ten ...
by letsgobobby
Wed Nov 22, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 101
Views: 5419

Re: What are the things you want to do between 55 and 65?

Between early middle age and middle old age, travel seems to be the most common bucket list item.

Any others?
by letsgobobby
Wed Nov 22, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 43
Views: 10057

Re: Have I put too much into the 529 plan?

You can invest more than you can tax deduct.
by letsgobobby
Wed Nov 22, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Did you end up overfunding a 529?
Replies: 10
Views: 515

Did you end up overfunding a 529?

I'd like to hear from those who have gotten their kids to or through college and ended up substantially overfunding their 529 plans. By how much did you overfund? What do you plan to do with the excess funds? How do you feel about having overfunded? We talk glibly about giving money away to nieces, ...
by letsgobobby
Wed Nov 22, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: At what age to drop term life insurance?
Replies: 21
Views: 4325

Re: At what age to drop term life insurance?

Our level term policies will change to much more expensive annual renewable term in our early to mid fifties, at which time we will not renew if we remain in generally good health. I wouldn’t stop paying the very low premium for the level term policy even if we reached a point of financial independe...
by letsgobobby
Wed Nov 22, 2017 1:16 am
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 43
Views: 10057

Re: Have I put too much into the 529 plan?

I opened a 529 plans for my son 5 years ago. I was allowed to put in a maximum contribution of $120,000 (that's a prepayment for 5 years). Five years have just expired and the 529 plan had increased to $190K. I just put put in another $110K for the next 5 years. Since there is now about $300K in th...
by letsgobobby
Tue Nov 21, 2017 12:42 am
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

I bag my groceries myself, don't have a child, and don't interact with the people who stock my shelves. But no, I don't believe they are underpaid in the way my server is, so I wouldn't tip them if I had the opportunity. If I knew my server made $35/hr 40 hours per week I wouldn't tip so generously...
by letsgobobby
Tue Nov 21, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 146
Views: 23593

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

Going back to what you were talking about letsgobobby, I looked up what consumer reports says discussed about the payload. They rate the Expedition EL with a payload of 1440. Been looking and comparing that to every other large SUV and see that you really can’t get a much higher payload on SUVs. Ju...
by letsgobobby
Sun Nov 19, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Can anyone help me with details on Portland Oregon Trip?
Replies: 14
Views: 557

Re: Can anyone help me with details on Portland Oregon Trip?

It’s a reasonable plan, but I agree with the others that you should probably pick either Bend or the Coast/Wine Country. Since you say you like wine, I’d go with the latter. 2-3 d in Portland, 3-4 d on the Coast/Wine Country. There is plenty of hiking and outdoorsy stuff between Portland and the Coa...
by letsgobobby
Sat Nov 18, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 97
Views: 7168

Re: Is it difficult to switch from an iPhone to an Android?

Just bought the g5plus for $169 at Costco, and returned it to get a refund on the $219 price I paid three weeks ago. Outside of their 14 day price adjustment period but they had no problem with me rebuying then returning. $169 is a great price. I've been extremely happy with this phone, the battery ...
by letsgobobby
Sat Nov 18, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall and advice
Replies: 52
Views: 4705

Re: Windfall and advice

Many folks have posted that they were able to keep their DFA funds when they left their DFA advisor. They can’t add new money to the funds, however.
by letsgobobby
Sat Nov 18, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Voluntary life insurance - how much?
Replies: 10
Views: 905

Re: Voluntary life insurance - how much?

It's open enrollment period at work and we have the option of purchasing voluntary life insurance at $0.79/month for $10K coverage all the way up to $59.25/month for $750K coverage. How much would you choose and why? What factors would you consider when making your decision? Unless you are old, sic...
by letsgobobby
Thu Nov 16, 2017 1:11 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 107
Views: 6468

Re: Do you meditate?

I am way too busy and stressed out to meditate.
by letsgobobby
Wed Nov 15, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: what pickup truck
Replies: 65
Views: 4820

Re: what pickup truck

The truck will eventually replace my 1993 Chevy 350 V8, Z71 which now has 145,000 miles on it. I don't pull much other than a 16 foot trailer with tractor, 6,000 pounds maybe and not often towed. I have replaced starter, clutch, clutch and slave cylinders, front brakes and new tires this year. Seem...
by letsgobobby
Wed Nov 15, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 107
Views: 7897

Re: Has used furniture dropped in value dramatically?

Hi. My mother is selling her parent's home and is in the process of emptying it out. The realtor recommended that instead of doing a series of garage or estate sales, that we deal with just one person who empties homes professionally. So, she recommended someone that will evaluate all the items on ...
by letsgobobby
Wed Nov 15, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1749

Re: 529 Plans - At what age do I move to conservative?

Washington is reopening their prepaid tuition plan, however there is a circa 15-20% upfront premium (ie, guaranteed loss) to gain entry. There is no free lunch.
by letsgobobby
Wed Nov 15, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

I don’t know if this has been mentioned yet or not but there is both a minimum wage AND a tipped wage. Unless they are doing away with tipped wage rates, which is much lower than minimum wage, the expectation is that customers are voluntarily making up the difference. The entire thread is about the...
by letsgobobby
Wed Nov 15, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1749

Re: 529 Plans - At what age do I move to conservative?

If I were you I'd move it all to conservative now. If you have the funding you need why keep up the risk - I'd go 0/100. Because with several years to go and continuing higher education inflation, it’s highly likely the OP will fall behind the rising costs of education, even if he has enough now. I...
by letsgobobby
Wed Nov 15, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

I used to work at a mediocre hotel restaurant as a waiter making ~$2/hr. I would typically pull $300 in tips for a 6 hour shift, or about $150 on a weeknight for 6 hours. $15/hr disincentivizes the substandard waitstaff, and can significantly hurt the servers who hustle and do a great job. Choosing...
by letsgobobby
Wed Nov 15, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1749

Re: 529 Plans - At what age do I move to conservative?

If I were you I'd move it all to conservative now. If you have the funding you need why keep up the risk - I'd go 0/100. Because with several years to go and continuing higher education inflation, it’s highly likely the OP will fall behind the rising costs of education, even if he has enough now. I...
by letsgobobby
Wed Nov 15, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3546

Re: Borrowing from parents - what interest rate?

Theseus wrote:
Tue Nov 14, 2017 10:35 pm
I loaned money twice to family members to buy their homes with no explicit payment plan in place.
Mistake #1.
by letsgobobby
Tue Nov 14, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3546

Re: Borrowing from parents - what interest rate?

Fellow Bogleheads, I am soon to borrow a substantial sum of money from my parents, which will be used to purchase a new home. The loan will be repaid within 5 years and we will have a formal agreement drawn up to avoid any misunderstandings down the track. The money will come from the portion of th...
by letsgobobby
Tue Nov 14, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1749

Re: 529 Plans - At what age do I move to conservative?

I’ve wrestled with this and tentatively arrived at shifting to 75/25 (from 100/0) around 5 years out... then 50/50 when they start. Not scientific, just a gut feeling. I reserve the right to change my mind especially if stocks get more and more expensive.
by letsgobobby
Mon Nov 13, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

OP, I do not change my tipping behavior just because some state claimed that they are paying a living wage. If I cannot afford to tip at certain places, I just do not go to that locations/places. KlangFool Thank you Klangfool for stating this better than I. I agree completely. tanstaafl, I had work...
by letsgobobby
Mon Nov 13, 2017 10:28 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

tip. Anyway, this isn’t about tipping, generally, but about whether a change in pay structure (from a wage with a tip credit to a full minimm wage to a living wage) should change my tipping practice. I don’t see how it could possibly remain the same, to be honest. Bad logic. Why do you assume that ...
by letsgobobby
Mon Nov 13, 2017 10:27 pm
Forum: Personal Consumer Issues
Topic: places to live near Stanford University
Replies: 35
Views: 2719

Re: places to live near Stanford University

Is there a trailer park?
by letsgobobby
Mon Nov 13, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

OP, I do not change my tipping behavior just because some state claimed that they are paying a living wage. If I cannot afford to tip at certain places, I just do not go to that locations/places. KlangFool Thank you Klangfool for stating this better than I. I agree completely. tanstaafl, I had work...
by letsgobobby
Mon Nov 13, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Re: Tipping in living wage state. Redux.

Tip the same as you always have. Prediction: this will be like all the other tipping threads. Those that tip well will continue to do so. Those that don’t will state the reasons why they don’t and maybe add a living wage to their arsenal of arguments, and they will likewise maintain their same beha...
by letsgobobby
Mon Nov 13, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3123

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

1. Doesn't matter. 2. Mostly irrelevant for this question. 3. I don't; his responsibility. A. Doesn't matter. B. None. I wonder if you even read his post. He calculated a 2% real return will meet all his future needs with no need to save any more and with a 25% buffer built in. He has already addres...
by letsgobobby
Mon Nov 13, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5489

Tipping in living wage state. Redux.

Historically waitstaff in many jurisdictions were earning something around $2.13 plus tips. This is the federal minimum wage for tipped waitstaff. Many states require a higher minimum wage than that, for example all the states on the West Coast require employers pay the full state minimum wage in ad...
by letsgobobby
Mon Nov 13, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3123

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

OP, You cannot afford 1 million dollar house with a 200K income. It is as simple as that. This is independent of how much you save for a down payment. The only exception is if you have above 3 million now and you are paying for the 1 million house with cash. KlangFool He can afford it because they ...
by letsgobobby
Mon Nov 13, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3123

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in? Yes, this is the more concise way to put it, thanks. My personal preference on how to go about this woul...
by letsgobobby
Mon Nov 13, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3123

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in? Yes, this is the more concise way to put it, thanks. My personal preference on how to go about this woul...
by letsgobobby
Mon Nov 13, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3123

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

I was playing around with online calculators and my numbers last night. I have saved enough money so far so that if I didn't contribute an additional dime, my current savings would grow to my needed retirement number by age 60 (my desired retirement age), assuming 5% annual growth (very conservativ...
by letsgobobby
Sun Nov 12, 2017 6:00 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 1083

Re: Investing HOA reserve money?

Eric76 wrote:
Sun Nov 12, 2017 3:09 pm
Putting HOA reserves in the stock market strikes me as a terrible idea. High yield savings account is the way to go.
It strikes me as a great idea, if you want to get sued.
by letsgobobby
Sun Nov 12, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Are we headed for a crash or...
Replies: 19
Views: 1826

Re: Are we headed for a crash or...

Definitely headed for a crash.
by letsgobobby
Sun Nov 12, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Costco for tires and car insurance?
Replies: 76
Views: 5583

Re: Costco for tires and car insurance?

The problem with Costco tires is they add an unauthorized $200 charge to every install. Shoot, sometimes it's been as high as $300 if the install takes two hours. And the caloric intake from all those samples doesn't help my waistline, either!
by letsgobobby
Sat Nov 11, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1717

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Either the money sits in my taxable account or the DAF. If the money sits in my ta...
by letsgobobby
Sat Nov 11, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1717

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Either the money sits in my taxable account or the DAF. If the money sits in my ta...
by letsgobobby
Sat Nov 11, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: tipping in a living wage state (yes, I went there)
Replies: 1
Views: 984

tipping in a living wage state (yes, I went there)

Historically waitstaff in many jurisdictions were earning something around $2.13 plus tips. This is the federal minimum wage for tipped waitstaff. Many states require a higher minimum wage than that, for example all the states on the West Coast require employers pay the full state minimum wage in ad...
by letsgobobby
Sat Nov 11, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1717

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Right. Absent administrative or other reasons such as those DM200 elaborated on, b...
by letsgobobby
Sat Nov 11, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1717

Re: Donor Advised funds

Let's say I am faced with the choice between: 1) Donating $X per year over 10 years to charity 2) Donating $10X all in one year to a donor advised fund and dispersing $X to charity annually I didn't think of it this way before, but #2 seems better for the following reasons: - It expands my limited ...
by letsgobobby
Sat Nov 11, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7259

Re: Personal letters to the sellers of your house can work!!!

There is a lot of cash in the economy but to me this feels nothing like 2006. That was a credit bubble par excellence. This is just housing exuberance. I do not think we are about to see prices tank nationally, barring a catastrophic black swan. Isn’t that exactly what people were saying around 200...
by letsgobobby
Sat Nov 11, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7259

Re: Personal letters to the sellers of your house can work!!!

There is a lot of cash in the economy but to me this feels nothing like 2006. That was a credit bubble par excellence. This is just housing exuberance. I do not think we are about to see prices tank nationally, barring a catastrophic black swan.
by letsgobobby
Fri Nov 10, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Costco for tires and car insurance?
Replies: 76
Views: 5583

Re: Costco for tires and car insurance?

Hi Bogleheads - I just bought a slightly used 2017 Ford Escape, and I'm thinking that I should get a set of winter tires for it. Winters here can be kinda nasty; last one definitely was. I'm inclined to get the tires from Costco... I'm just wondering if anyone out there has experience with buying t...
by letsgobobby
Fri Nov 10, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8088

Re: $23k credit card emergency

Hello Bogleheads community! I am a 29 y/o living in Los Angeles and have a huge $23k credit card emergency. Basically, I was living on a non-existent champagne budget and obviously, lived well above my means and made major financial mistakes. I want to live the life I envisioned for myself growing ...
by letsgobobby
Fri Nov 10, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7259

Re: Personal letters to the sellers of your house can work!!!

We didn’t write a personal letter but did make it clear that we had a ‘story’ that would ‘honor’ the previous owners’ vision for their property. They went with our offer even though it was $20k less than their highest offer.
by letsgobobby
Fri Nov 10, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: What is the difference between retiring and resigning from a job?
Replies: 42
Views: 4376

Re: What is the difference between retiring and resigning from a job?

Assume that I have enough and will not look for a new job, what is the difference between I tell people (especially my boss) that I am retiring from my job or I am resigning from my job? I plan to say retire. By retiring I would be implying I am not planning to look for any substantial work in my p...
by letsgobobby
Fri Nov 10, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 146
Views: 23593

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

Let’sgobobby, thank you for delving into this. I never considered any of this and it is clearly pertinent. I just assumed with a more than adequate tow rating on the Sequoia, and hypothetically considering a trailer of 5000 pounds or less, I’d be covered. Just using a Sequoia for example, if I just...