Search found 94 matches

by makingmistakes
Sat Nov 28, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Repair or buy car decision
Replies: 28
Views: 1468

Re: Repair or buy car decision

$Mid-20’s Japanese .... can’t do any better in terms of reliability and relative value. It just comes down now to narrowing your choice down based on features you value most and what you can get the best deal on.
by makingmistakes
Tue Nov 24, 2020 12:12 pm
Forum: Personal Consumer Issues
Topic: Long time retirees: any regrets?
Replies: 189
Views: 21051

Re: Long time retirees: any regrets?

Perspective has informed me that my working years were important only to the extent that they enabled me to build my pile. The only real memories I still have are those formed while not actually at work. Although forced into retirement, I have been so very happy with its result. +1 Life is short. B...
by makingmistakes
Mon Nov 23, 2020 5:01 pm
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 95
Views: 3586

Re: Need advice for building a 100% fossil-fuel stock free portfolio

There is a good post from Money Moustache about this topic. Check it on his blog. [url][https://www.mrmoneymustache.com/2020/08/22/socially-responsible-investing/url] This is a not a political issue, its about our impact on earth. It most certainly is political with a lot of misinformation. Disappo...
by makingmistakes
Sun Nov 22, 2020 8:26 am
Forum: Personal Consumer Issues
Topic: Should I buy a new BMW X3?
Replies: 37
Views: 3365

Re: Should I buy a new BMW X3?

Really liked the car after test driving. For those who own one, can you please comment on the reliability, maintenance, and any regrets. I don't think anyone on this forum will give you an answer without knowing your income, networth, debt ... If you like the car and can afford it, then go ahead bu...
by makingmistakes
Wed Nov 18, 2020 6:58 pm
Forum: Personal Consumer Issues
Topic: Utilitarians or effective altruists on Bogleheads?
Replies: 36
Views: 2282

Re: Utilitarians or effective altruists on Bogleheads?

I think that is admirable. I currently give about 10% of my take home to church and charity. As someone who grew up poor and who finds it hard to spend money, I have to fight my natural inclination to want to hoard money for a feeling of security. I’m hoping to get better about being more generous. ...
by makingmistakes
Wed Nov 18, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Happily retired but seriously considering going back to work
Replies: 78
Views: 6464

Re: Happily retired but seriously considering going back to work

Only you can answer that question, but in all likelihood, the next 5 years will be the healthiest( physically and mentally) that you will ever be again. So choose carefully.
by makingmistakes
Wed Nov 18, 2020 6:53 am
Forum: Investing - Theory, News & General
Topic: About the financial news media...
Replies: 27
Views: 2035

Re: About the financial news media...

eucalyptus wrote: Wed Nov 18, 2020 2:27 am Lots of let's discredit the mainstream media rage here. I wonder where that comes from?
For me, it comes from the fact that the mainstream media discredited itself with its biased reporting.
by makingmistakes
Sat Nov 14, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5548

Re: Aging parents - who pays for expenses related to medical care

I seem to recall that the OP was unemployed for at least a few months earlier this year. This could certainly color his outlook, especially if he has more than one child approaching college and is himself approaching retirement. If he has no pension, and lives in a HCOL area, his retirement resourc...
by makingmistakes
Fri Nov 13, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5548

Re: Aging parents - who pays for expenses related to medical care

Not sure why you’re asking a message board. If you feel comfortable asking your parents for reimbursement, go ahead. I would never do that but to each their own. It's always nice to have a proposal and know a request is reasonable before a conversation is had. Reimbursement of the parking fee to vi...
by makingmistakes
Wed Nov 11, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: What recourse do I have when a gym bills me after cancellation?
Replies: 26
Views: 2850

Re: What recourse do I have when a gym bills me after cancellation?

My concern is that the last email threatened "further action" which I assume means sent to an actual collection agency which will mean a big hit to my credit score. This reminds me that one benefit a paid off house and paying cash for cars — no worries about a credit score. If I know I’m ...
by makingmistakes
Wed Nov 11, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 278
Views: 20219

Re: Taylor Sends His Best to Fellow Bogleheads

Mitchell777 wrote: Wed Nov 11, 2020 6:23 pm Best to you Taylor. I'm glad you're out of the hospital. You sure look great for a man in his 90's. I'll be happy if I look that good at 70.
90’s??!!!! Surely you jest! I would have guessed mid-70’s tops.

Thank you for your service, sir.
by makingmistakes
Tue Nov 10, 2020 6:51 am
Forum: Investing - Theory, News & General
Topic: High frequency rebalancing (Swensen)
Replies: 19
Views: 1214

Re: High frequency rebalancing (Swensen)

Daily rebalancing results in high transaction costs. When the asset allocation has drifted from your target asset allocation, you have a suboptimal asset allocation that results in a lower expected utility. The optimal approach is to rebalance whenever the transaction costs are lower than than the ...
by makingmistakes
Sat Nov 07, 2020 7:36 am
Forum: Personal Consumer Issues
Topic: Should I buy new Nissan Leaf?
Replies: 43
Views: 3314

Re: Should I buy new Nissan Leaf?

Thanks for the feedback everyone. I'm now leaning toward not pulling the trigger after I found out the $6,000 incentive can't be stacked with a 0% APR loan. If I want a 0% loan, the incentive is only $2,000. Another reason that is holding me back is lifestyle creep. I think getting a new car after ...
by makingmistakes
Sat Nov 07, 2020 7:30 am
Forum: Personal Investments
Topic: Anybody else profit from reading Jane Bryant Quinn's "Making the Most of Your Money"?
Replies: 35
Views: 4897

Re: Anybody else profit from reading Jane Bryant Quinn's "Making the Most of Your Money"?

I’ll comment on the Ivy League education. We put one daughter through an Ivy (with no financial aid) and one through a state school. Cost comparison roughly $290k versus $85k. My verdict is what an incredible and colossal waste of $200k that isn’t there to pay for graduate school or a myriad of othe...
by makingmistakes
Fri Nov 06, 2020 6:17 am
Forum: Personal Consumer Issues
Topic: What do you give your adult children at holiday time?
Replies: 175
Views: 12370

Re: What do you giver your adult children at holiday time?

Stinky wrote: Fri Nov 06, 2020 5:13 am A check. That way they can buy what they want.

Adult children are impossibly hard to shop for.
This. As my friend says, the universal gift card.
AAA membership is also a good idea.
by makingmistakes
Tue Nov 03, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: “Fairness” with adult kids
Replies: 21
Views: 2249

Re: “Fairness” with adult kids

greg24 wrote: Tue Nov 03, 2020 3:49 pm
J295 wrote: Tue Nov 03, 2020 3:25 pmOur thought has been to try to be equitable but not necessarily equal.
Sounds like it is working! :sharebeer
But what does that mean? I looked up equitable and it says fair and impartial.

I assume you maybe mean those who need more assistance get more assistance?
by makingmistakes
Sun Nov 01, 2020 12:59 pm
Forum: Personal Investments
Topic: Early Retirement Plan - Seeking guidance again
Replies: 23
Views: 2730

Re: Early Retirement Plan - Seeking guidance again

Hello everyone, Thanks to the may comments/recommendations on my previous post back in September. I was able to get my early retirement investment plan started. I have made some modifications based on the many suggestions and considerations raised by BHs. I am returning to this forum in order to se...
by makingmistakes
Sun Nov 01, 2020 12:10 pm
Forum: Personal Consumer Issues
Topic: Craigslist payment by PayPal - safe or scam?
Replies: 59
Views: 8776

Re: Craigslist payment by PayPal - safe or scam?

Right. Sold my car via CL in May (4th car sold via CL). Verified buyer's identity via social media and work website. Verified husband's employer from his email. Took picture of his driver's license before test drive, went with him. Met them at their bank while teller cut Cashier's Check, which was ...
by makingmistakes
Sun Oct 25, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Parental Leave - 4 weeks or 16 weeks - thoughts/perspective?
Replies: 45
Views: 3792

Re: Parental Leave - 4 weeks or 16 weeks - thoughts/perspective?

I say take the option that appeals to you. I think it will affect your promotions and bonuses in the short term only. IME, when allocating bonuses and promotions, the items go to the employees who have contributed within the review cycle. If you haven’t contributed it is difficult to justify a rais...
by makingmistakes
Sun Oct 25, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 215
Views: 26360

Re: The Wrong Way to Think About Debt - The White Coat Investor

I personally cannot relate at all to the article. It addresses only a category of people, the ones with an uncontrollable spending issue. I personally don't know closely any of those people so I cannot relate. Yes, buying a ski ticket while having a mortgage is like borrowing money for skiing. That...
by makingmistakes
Fri Oct 23, 2020 5:35 am
Forum: Personal Consumer Issues
Topic: Squirrel proof bird feeder
Replies: 53
Views: 2700

Re: Squirrel proof bird feeder

I ran a wire from a tree to the house inserted with a few small (18”) sections of PVC pipe. Place feeder so some sections of pipe on either side. Just make sure wire high enough off the ground and it’s squirrel-proof.
by makingmistakes
Thu Oct 22, 2020 7:35 pm
Forum: Personal Consumer Issues
Topic: New kid on the way, should we get a new minivan? or else?
Replies: 58
Views: 2799

Re: New kid on the way, should we get a new minivan? or else?

I’ll let the smart folks answer from a financial perspective. Just wanted to chime in that we bought an Odyssey when the kids were small and it’s a fantastic family car. Especially nice for longer trips.
by makingmistakes
Thu Oct 22, 2020 7:20 pm
Forum: Personal Consumer Issues
Topic: Best way to provide wedding gift?
Replies: 17
Views: 1152

Re: Best way to provide wedding gift?

My understanding is that a check made out to 2 people must be endorsed by both when depositing/cashing. So making the check out to both on the To line is supposed to be sufficient. At the very least you’ll be able to tell if she forges his signature 😄
by makingmistakes
Wed Oct 21, 2020 8:05 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 484
Views: 38871

Re: Items that are worth the money for the quality

EGO lawn mower. Cuts as good as a gas mower, but the convenience of “starting” and no gas or oil to deal with makes it well worth the slight premium. And the telescoping and folding handle is fantastic.
by makingmistakes
Sun Oct 18, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: Shouldn’t have canceled YouTube premium
Replies: 37
Views: 4981

Re: Shouldn’t have canceled YouTube premium

FoolStreet wrote: Mon Oct 12, 2020 1:19 am
AerialWombat wrote: Mon Oct 12, 2020 12:26 am Bogleheads: The only place you’ll see a discussion about a $2 issue adjacent to a discussion about a $5,000 watch. :D
Ha ha ha. How else will we be able to afford the watch?
By never tipping anyone, ever (and proclaiming it to be the moral high road).
by makingmistakes
Thu Oct 15, 2020 7:01 am
Forum: Personal Investments
Topic: Managing Parents' Retirement After Dementia Diagnosis
Replies: 27
Views: 2804

Re: Managing Parents' Retirement After Dementia Diagnosis

Sorry to hear about your father's diagnosis. In my view, two people with modest spending can live comfortably on the resources you shared. My condolences to your Dad, your Mom, you, and your family on such a devastating diagnosis. Just a comment on the above comment - over $8 million in net worth p...
by makingmistakes
Mon Oct 12, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Asbestos Siding [Amateur question]
Replies: 15
Views: 1173

Re: Asbestos Siding [Amateur question]

It still amazes me how effectively the lawyers completely propagandized the danger of asbestos, causing way more fear than is even close to being warranted.
by makingmistakes
Sun Oct 11, 2020 5:16 pm
Forum: Personal Investments
Topic: Critique draft proposal of fee-only advisor for elderly parents
Replies: 27
Views: 2161

Re: Critique draft proposal of fee-only advisor for elderly parents

I think the proposal is insane. It’s moving the needle too far, and has strange tilts, besides. It doesn’t seem like there’s lurking disaster, since he’s not asking much of the portfolio (2% a year at age 90). How much did he sell in March? Agree. Don’t want to be unsympathetic, but don’t see what ...
by makingmistakes
Thu Oct 08, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Mental Struggle - "Do I make enough?"
Replies: 35
Views: 1890

Re: Mental Struggle - "Do I make enough?"

After 30 years of working, I am just now making about that. Four kids, two of which are in college, and two in high school. Wife a stay-at-home mom. I feel blessed every day that I make this much money.
by makingmistakes
Sat Sep 26, 2020 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Home Listing Mess-Up
Replies: 36
Views: 3886

Re: Home Listing Mess-Up

I think open houses are fairly helpful in getting people informed about home values. Calling people nosy for that seems a bit much. Well, I’ll admit I’ve gone to one or two in the past just because I was nosy. I also ended up buying a house after seeing an Open House sign and taking a look. Like in...
by makingmistakes
Tue Sep 22, 2020 6:20 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 267
Views: 19675

Re: Is Costco worth the $120 membership?

Gigantic pumpkin pies for $4.99 and $1.50 for a 1/2 lb hot dog and drink won me over :D
by makingmistakes
Sat Sep 19, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 260
Views: 66051

Re: Regret early retirement/downsizing

VictoriaF wrote: Tue Jun 27, 2017 3:21 pm
Gratefulguy wrote: Here's my two cents: ...
Walk 45 minutes every day, open your door, walk 25 minutes away from the house and return.
You are exaggerating! 22.5 minutes away and 22.5 minutes back will suffice.

Victoria
It’s uphill on the way out.
by makingmistakes
Sat Sep 19, 2020 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 23
Views: 1556

Re: Buying a house before a potential corporate restructure - good or bad?

What would you consider sufficient liquidity? $15-20k is 6 months of living expenses for me. During normal times I should be able to find a job in that period of time. Also I do have a pretty significant amount in index funds - worst case scenario. OK you live very frugally. I guess the question is...
by makingmistakes
Sat Sep 19, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21145

Re: Preparing for retirement in mid 30s

It's not just a matter of paying premiums with or without a subsidy. It's considering a scenario (all too common pre-ACA) where OP, wife or child developed an illness that required ongoing, expensive treatment. There was no guarantee of getting a policy, and if you did have a policy, the benefits c...
by makingmistakes
Fri Sep 18, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2207

Re: Should I help my mother pay off debt?

I agree that your spouse needs to be on board, but disagree with the poster that said you are under no obligation. IMO, it was your choice to attend a pricey OOS college. (Kudos for recognizing the value of the instate offerings.) At a minimum, I would offer to reimburse my mom for the extra debt t...
by makingmistakes
Thu Sep 17, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 14112

Re: Is this guy trying to scam me on a car I'm selling?

I’m now thinking #1 is just some bored person and this is how he entertains himself.
by makingmistakes
Thu Sep 17, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 14112

Re: Is this guy trying to scam me on a car I'm selling?

1. Definite scammer.
2. Be careful selling a car. Do a web search of “Andy Banks Craigslist homicide”. This happened just within the past week.
by makingmistakes
Sun Sep 13, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts a will to protect generational wealth?
Replies: 42
Views: 2490

Re: Thoughts a will to protect generational wealth?

(I've recently heard that new plumbers in Atlanta are making $90k right now :shock:), My BIL makes $150-180k/year in a specialized area of plumbing in the NYC Metro area. No college degree. Awesome. I think it’s great that folks in the skilled trades are able to make good money. Many are much smart...
by makingmistakes
Thu Sep 10, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11962

Re: Should we buy a $3M+ house with parental help?

I would never turn down +$1 million with no strings attached. I would want to know how much the additional property taxes would be between the $3 million house and what I would buy without the assistance.....and maybe see if I could squeeze an annual gift to help pay for them (if they have $1.5 mil...
by makingmistakes
Mon Sep 07, 2020 3:47 pm
Forum: Personal Investments
Topic: general financial help
Replies: 18
Views: 1168

Re: general financial help

I’m afraid I can’t offer advice because I’m new here and still learning. But just wanted to say it was refreshing to see financial numbers that seem more in line with an average person who has saved pretty diligently. The seemingly countless posts from 30-something’s with 4M net worth honestly gets ...
by makingmistakes
Tue Sep 01, 2020 7:20 pm
Forum: Personal Investments
Topic: Husband doesn’t want to follow my investment plan
Replies: 47
Views: 4928

Re: Husband doesn’t want to follow my investment plan

Hi all, I need your advice! I’m a self taught investor like most of you and have been following my 3 fund portfolio plan for about 5 years now. Got married 2 years ago and have always handled investments until this pandemic peaked my husband’s interest. I’m getting a lot of resistance from his side...
by makingmistakes
Sun Aug 30, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: At what point can you afford a 2nd home?
Replies: 46
Views: 3949

Re: At what point can you afford a 2nd home?

For Me? When I can pay cash :mrgreen: Agree. I know quite a lot about the affordability of second homes as I have 3 of them (mountains, dessert, lake). We bought our first second home (lake) in 1997. It was actually the first place we owned, as we rented in the city then. Second homes are a luxury ...
by makingmistakes
Sun Aug 23, 2020 4:50 pm
Forum: Personal Investments
Topic: When is enough enough?
Replies: 73
Views: 7103

Re: When is enough enough?

I do encourage experiences. But I would still max workplace retirement accounts. Additionally I would look at ALL expenses and work to reduce them so you can go on bigger vacations with family. It looks to me like you are doing well, but don’t count your retirement nest eggs before they hatch. You ...
by makingmistakes
Sun Aug 23, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19406

Re: Did any inheritance make positive effect on your life?

My father passed in 1999, leaving about $23,000 for each of my siblings and I. For me and my younger brother (aged 46 and 36 at the time) it was life changing. We both paid off CC and other debt and got our financial lives in order. Neither of us has had CC debt since. My older sister (aged 55) end...
by makingmistakes
Sun Aug 23, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19406

Re: Did any inheritance make positive effect on your life?

My father passed in 1999, leaving about $23,000 for each of my siblings and I. For me and my younger brother (aged 46 and 36 at the time) it was life changing. We both paid off CC and other debt and got our financial lives in order. Neither of us has had CC debt since. My older sister (aged 55) end...
by makingmistakes
Thu Aug 13, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Which job would you take?
Replies: 18
Views: 1210

Re: Which job would you take?

4 kids under 5 would seal the deal for Option B for me. Your wife needs a break, your kids need a dad.
by makingmistakes
Mon Jul 27, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ask for more? [pay raise with promotion]
Replies: 19
Views: 1965

Re: Ask for more?

Wow, I’m out of touch with many people on this forum. To me, it seems the height of ingratitude when your company has been hit hard, salaries are frozen, and people are getting laid off. And for 2-4% more. I’d be ticked if I was your manager, who has probably had to really go to the mat to get the 8%.
by makingmistakes
Sat Jul 25, 2020 12:06 pm
Forum: Personal Consumer Issues
Topic: Vitamix Worth It?
Replies: 162
Views: 21623

Re: Vitamix Worth It?

I keep my Vitamix in the garage so as not to wake the family in the morning. One evening before bed, I was cleaning it by running it with water and a drop of dish detergent. I turned it on and went inside house, intending to return after letting it run for a couple of minutes. About 3 a.m. I bolted ...
by makingmistakes
Sun Jul 19, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to retire - it's difficult!
Replies: 77
Views: 9468

Re: Deciding whether to retire - it's difficult!

Do you hate your job or is it just the 50+ hours that is the issue? I would not retire until the pandemic is over and there is more clarity on the economy. Is every Boglehead this wealthy such that things are still uncertain economically even with 5 million dollars at age 60 with a wife still makin...
by makingmistakes
Tue Jul 14, 2020 11:35 am
Forum: Personal Investments
Topic: Paying off Mortgage
Replies: 19
Views: 1932

Re: Paying off Mortgage

I am here to seek the counsel of the wise. Work in NYC, stable job for last 10yrs. I have a 15yr@2.75% mortgage for $46800(balance), ending in Mar-2022 with accelerated payment of +$500/month towards principal. I have 4 times x mortgage balance sitting in cash. I will have enough left over to cover...