Bogleheads.org

quantAndHold wrote: ↑Tue Mar 21, 2023 8:26 pm

UpperNwGuy wrote: ↑Tue Mar 21, 2023 7:55 pm I was in a similar situation in my mid 30s. My solution was to find another job and work another 25 years. I recommend that solution to you.

I found myself in almost the same solution in my late 40s. My solution was to find another job and work until 61.

I had eight jobs in a 30 year career. The longest I was at any one place was 7 1/2 years. There’s always another job out there. The idea that “welp, this job didn’t work out after ten years, so I’m never gonna work again” is baffling.

Yup, I had three jobs in 17 years and hated my last one so much I created my own businesses (first one at 39) and love it so much I can't see myself retiring unless I physically can't make it out of my house any longer.

No skilled diver (or snorkeler) would be caught dead wearing a full face mask. It's an awkward contraption for complete novices paddling around in life jackets because they also don't know how to swim. Never used one, but it seems obvious that breathing warm air against the faceplate is going to cause condensation issues, not to mention rebreathing your own expelled air. So you haven't tried, but because it's not cool you won't do it. Guess I won't be hanging out with you at the playground. We bring these on vacation with us (agree, game changers) but every snorkel tour via boat we have been on...6 at this point...prohibits them. Costa Rica, Mexico and Hawaii. So there is liability risk of some sort and people do pass out apparantly.

We like Maui best. Been to Belize, Costa Rica and Mexico. Keep going back to Maui.

AlwaysLearningMore wrote: ↑Sun Mar 19, 2023 2:10 pm

Tom_T wrote: ↑Sun Mar 19, 2023 1:23 pm Hire a good accountant to do your taxes. Why stress every year?

Exactly!

Another exactly. If you are stressed just hire it out.

Just left our airbnb .25 from the Sweetwater trailhead at 7am this morning.

Hiking:

Sweetwater

Sabino Canyon

Catalina State Park

Restaurants:

Guadalajara

Seis

Paco&Moms

Pico de Gallo

We've transitioning from buyers to sellers and it's been a very interesting process. We were able to get almost a perfect home in NC just south of Chapel Hill for our transition to retirement (and as a bonus won't have to bring the snowblower or big red shovels with us). Now we're scrambling to get our house ready to sell early April and underestimated the amount of work and preparation, DW has been great on Next Door selling and giving away items we don't need. From a sellers standpoint we have been very happy with our agent. He is well known in our neighborhood and very savvy with online. That seems to be the primary way to sell houses these days. Main emphasis is getting house ready to accept multiple offers in the first week. It's stil...

Maverick3320 wrote: ↑Wed Mar 15, 2023 2:36 am Yeah I'm not understanding the question here. It sounds like you are still planning on working. If so, what are we talking about here - just a hypothetical situation? If that's the case, a father retiring in the mid-30s supporting a family of four living in a tiny house sounds hypothetically risky to me, and not just financially.

True. Nothing ruins your future retirement plans quicker than a divorce. Happening to a few of my friends right now (between 48 and 56) now that their kids have launched.

I am a For Sale By Owner seller, in a college town of mid-west, listed on Zillow, got an offer with our listing price ($338k), from a buyer with agent. However the buyer's appraisal came in lower than offer (324k), with 14k gap. The buyer would like to add $6k, to bring a new contract price of $330k. I wonder the strategies to negotiate a higher price as a FSBO seller, and any inputs would be really appreciated. When we listed our home, we researched 8 comparable sales in neighborhood since last August, and chosen the median $/sq.ft and multiply our area. The local market is still hot, very low inventory, several recent pending sales in neighborhood still high. The appraiser was non-local, listed 10 comps, 4 were the sites we researched, w...

TomatoTomahto wrote: ↑Sun Mar 12, 2023 1:08 pm

toomanysidehustles wrote: ↑Sun Mar 12, 2023 1:07 pm

Fishing2retire wrote: ↑Sun Mar 12, 2023 8:35 am Also good health breeds. Kids want a dog they can pick up and hold. Any recommendations on this is much appreciated.

Anything with a -poo in it are typically well tempered.

Cockapoo (we have 4 Cocker Spaniels)
Lasapoo
Maltapoo

I'm old enough that those were called mutts in my day.

Yup, but sadly back in the day they didn't fetch the premium price and are considered "designer dogs" like they do now.

On the whole border/aussie/sheep herding mix...agree stay away from those unless you want the equivalent of another 2-3 year old in your life!

Fishing2retire wrote: ↑Sun Mar 12, 2023 8:35 am Also good health breeds. Kids want a dog they can pick up and hold. Any recommendations on this is much appreciated.

Anything with a -poo in it are typically well tempered.

Cockapoo (we have 4 Cocker Spaniels)
Lasapoo
Maltapoo

There is no bad time to buy real estate....only a bad time to sell.

broncocountry25 wrote: ↑Tue Feb 28, 2023 4:26 pm
Any suggestions?

Tucson, Arizona. Warm enough and well outside the concrete jungle of Phoenix. Heading there next Friday for Spring Break with 2 kids, 4 dogs, one cat and 4 mountain bikes! We are in N. Colorado. We like the Sweetwater side of town by the western Saguaro N.P. entrance. Airbnb, vrbo or furnished finder to book.

Fyi...winter in Socal = rain.

SB1234 wrote: ↑Wed Feb 22, 2023 10:23 pm Renting for life is a gamble. It works out only if you are able to reduce your housing consumption, and yet it may only work out if markets return more. In that sense living in a van is likely more bang for the buck than even renting. Why rent when there's van life.

You are probably being sarcastic but have you seen the prices of the decent "vanlife" vans? Sure you can live in a clapped-out Astro, Sahara or Econoline but that's pretty barebones/dirtbag living!

"Going downhill" is highly personal, as visualguy just said. Some people are still athletic at 65. Others look like they are ready for the nursing home. I'm 64 and I still run 3-4 times a week. I'd say I started to say "hmmm... " more often once I turned 50. This is what's crept up on me each year. 1. I can't run as fast. I can't jog as fast. My cardiovascular system simply cannot process oxygen as quickly as it used to. There's no escaping it. It's biology. I'm actually slower than I was even five years ago, and not for lack of trying. 2. I need more days off. A tough workout or a race means taking the next day off, maybe even the next two days. It's much easier to have a sore muscle, or a ankle that has a tweak for no...

[/quote] It is my unscientific observation that homeless campers rarely venture out beyond walking distance of services such as groceries, convenience stores, liquor stores, public bathrooms (in grocery and fast food outlets) and so forth. So if you want to avoid homeless campers on your block, live someplace that is a mile or more away from the nearest convenience store or fast food outlet. Walkability is great in a perfect world, but it is also a double-edged sword in a city like Portland that is overrun with homeless campers. I would venture to guess that 95% of the homeless campers you see in the Portland metro area are camped out within a mile (and usually a half mile) of the nearest convenience store or grocery with public bathrooms. ...

I guess I got lucky. I bought a 2022 Honda Ridgeline in December for $2500 under MSRP with 1.9% Honda financing. Maybe that's just not a popular model right now. The Ridgeline has always been relatively slow-moving, because it's not a "big, macho truck". Despite the fact that it's all the pickup that many buyers would ever need. I would question why people in my office building need a pickup truck at all. Parking garage is too small for them. What’s the reason for using a pickup truck to commute to work and you never use the bed of the truck ever? Do you know what these people do outside of the office building? - Modern cars seem to struggle with space for stuff - A pickup tows stuff better than a car - A pickup hauls stuff bette...

UpperNwGuy wrote: ↑Sat Feb 11, 2023 5:21 pm

tibbitts wrote: ↑Sat Feb 11, 2023 5:12 pm

Bogle7 wrote: ↑Sat Feb 11, 2023 2:51 pm

z91 wrote: ↑Mon Jan 30, 2023 1:46 pmWith this recession we're in,

Do you have supporting data?

You might want to start a separate thread for that since it will probably attract thousands of replies, with of course no conclusion. Everyone will reply based on the definition of recession they support.

I think the question was a roundabout way of saying that we are not in a recession. I would agree.

Depends on the industry. Tech and the sporting goods industries have clearly been in a recession since January/February 2022. Boats and RV's next if not already in one. Cars after that once the chip backorder situation fills back up. Housing started June 2022.

Porsche Panamera Turbo?
https://youtu.be/bxiOlBymmdI

Supercar fast that hauls 4 people.

Your Roth + cash puts you almost as $100k down payment.

https://www.forbes.com/advisor/retireme ... ine%20said.

Personally I would wait unless you find a really really really good deal.

Jacksonville Beach, Florida is near Mayo Clinic, no state tax and has golf (but also humidity). There is no perfect (or even near-perfect) place to live or to retire. You have to rank your own priorities than decide how to compromise. - proximity to family and maybe even friends - your familiarity with area (childhood? frequent vacations? previous work location?) - safety - crime, storms, earthquakes, volcanoes - climate - 4 seasons? hot/cold, dry/humid? high desert? mountain? ocean? lake? swamp? - health - air and water pollution, accessible outdoor exercise, good indoor gyms, access to healthcare and emergency care - outdoor activities - golf, hiking, fishing, swimming, boating, flying, driving, biking, etc. - culture - art, film, music,...

I lived in Union county NJ the first 20 years of my life, moved to SC and GA for a few years and in 1999 moved to Fort Collins, CO after visiting friends who moved out here from NJ. Access to outdoors is amazing. Tons of mountain biking out my door. Southern Wyoming is a quick hour away for even more riding and exploring. Trader Joe's, Whole Foods and a Costco moved in a few years ago, so no longer even need to drive down to Denver any more. Quality of life is great here.

We want and plan to move from a major metro area in Colorado to a mountain town. Spouse and I both work remote jobs with a combined HHI ~290k. We have a 8 month old infant and may or may not try for another. We are mid-30s. Talk or push us off the ledge! Thanks in advance At this point in your kids life, now is the perfect time. It gets a lot harder once they start school! We live in Fort Collins and actually am typing this from an airbnb in Steamboat while my family is still asleep. We are up here 3-4 times a month in the winter. We love it, but not sure I would want to live here full time with teenagers at this point in our life (47). We would love to buy a vacation home here but the prices of $750/sq.ft have us paused to see if the pric...

SantaClaraSurfer wrote: ↑Fri Feb 03, 2023 4:59 pm Welcoming 2023 with, uh, open arms, and looking over our retirement planning tracker spreadsheet with a good bit of hope.

The only awesome thing I can contribute right now is this awesome video.

https://www.youtube.com/watch?v=CPBE6rNh8QA

(not sure I agree with #6. I know nobody in my age group that still rents)

My garage floor has been painted for 10+ years, so any rain or slush runoff will puddle on the floor, and in past winters I’ve used a push broom to sweep out the small amounts if needed. Interestingly since changing cars (from an Outback to a RAV4), the amount of water has drastically increased, especially with snow/slush meltage, but even with rain. I’ve tried stopping on the driveway to sweep away all the visible slush, but this car just seems to retain A LOT of slush underneath and in all the grill crevices, etc. I saw from Google that there are water retention mats; has anyone used these and/or other solutions? It’s becoming a chore just to tend to the puddles. I use https://www.amazon.com/AmazonBasics-Wringer-Commercial-Bucket-Wheels/...

StevieG72 wrote: ↑Sun Jan 29, 2023 9:11 pm
In my opinion the days of letting kids have the run of the neighborhood have long passed, but others may disagree.

My kids had the run of our neighborhood on bikes, skateboards, scooters and rollerblades, and the current younger generation of kids still do. I can't imagine living in an area and putting a fence in the FRONT yard, but maybe that's just me!

I'd say the stock market is a much better long-term investment than real estate. I think our impression of real estate returns is heavily influenced by the accumulation phase of the long-term debt cycle we've been in since the war. Real estate can't really outpace inflation over very long periods, without housing becoming unaffordable. And rents are capped by what people can afford. So I don't think you can get stock-market-like exponential long-term growth – once we factor in that, at some point, we have to mean revert. If we were always in an accumulation phase, real estate probably could return more. I think it has/had since the 80s, at least? Private equity healthcare. Certainly potential for very strong long-term profits with ageing d...

Carguy85 wrote: ↑Mon Jan 23, 2023 12:30 pm Interestingly the family wants to still keep the sequoia even if we get a new Tahoe and have me trade in my tundra.

No such thing as too many Toyota's!

vglifer wrote: ↑Wed Jan 25, 2023 6:28 pm I just had a big salary jump moving as an independent contractor from ~300k to ~800k. House paid off, 529 accounts fully funded for both kids, no debt, I max out backdoor Roth IRAs and i401k. What else should I be considering now with the extra cash flow?

Do you ski? Keep some dry powder for a vacation home September 2023. Should be deals by then.

Congrats!

A small pickup truck that is reliable, durable, holds its value = Toyota Tacoma. You probably won’t find those features in today’s most “trendy” truck. Toyota sells ~250k Tacomas in the U.S. every year and the numbers have gone up considerably recently, Ford has sold <90k Mavericks to date (over nearly two years). Granted, they could have probably sold twice as much if they could make them fast enough. Certainly Tacomas have the durability reputation (although they've had their issues, ie. frame rusting), but there are some cons compared to alternatives (cost, overall on-road performance, fuel efficiency, etc.). With resale, if OP doesn't like the Maverick, it probably wouldn't be an issue - I can sell mine today for ~$10k more than I boug...

I received some heirloom tomato seed and am getting ready to start them. I have an Aerogarden and was thinking about using iy initially and later transferring to soil pots. Has anyone made their own plant food for this type of application? I've read some pros and cons. I was a bit taken back by the cost of Aerogarden branded plant food. I use Espoma Liquid fertilizer once the true leaves emerge: https://www.amazon.com/gp/product/B01JIRGRAM/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1 I use Jack's a month after up and once put in the ground: https://www.amazon.com/JR-Peters-51324-Classic-12-15-30/dp/B01C9WRH0M/ref=pd_bxgy_vft_none_img_sccl_2/143-7949627-4985226?pd_rd_w=szYhL&content-id=amzn1.sym.7f0cf323-50c6-49e3-b3f9-63546bb79c...

Looks like $5K over is about market going rate. Check out the comments on the past sales on Cars and Bids - https://carsandbids.com/search/ford/maverick

arf30 wrote: ↑Sun Jan 22, 2023 11:11 am The new Sequoia is not competitive in its segment, the main customer will likely be people who only buy Toyota.

True, but with 3 registered Toyotas in the family currently even we bailed.

I think they will likely eventually have to come out with a non-hybrid version with more storage room and a removable 3rd row like the Land Cruiser.

I am against buying redesigned vehicles, the year they come out. From all the issues on tundra makes me worries about buying either than or sequoia, for at least 1-2 years more until issues are sorted out. I think the third row makes this vehicle suffer seriously. Why did they not do something like LX600 is beyond me. Looks like nobody reading on this boar has purchased, here is my input. I did spend about 2 hours driving the dealer demo. I got really close (deposit placed earlier in 2022) for a 2023 Sequoia. Thanks for your thoughts..DD wants to stay with Toyota as we are kind of that family...LOL...My Land Cruiser gets about 14 MPG and our 2021 Sequoia gets about 16 MPG so anything is a little better...As for the ride thats interest...di...

MtnBiker wrote: ↑Mon Jan 16, 2023 9:40 am
-Loss of full-time 4WD (can't just leave it continuously in 4WD when driving in mixed conditions alternating between dry pavement and patches of ice/snow)

Yeah this is a big fail.

twh wrote: ↑Wed Jan 18, 2023 2:20 pm
Eating in Estes Park...
Kind Coffee is a good coffee shop.
Antonino's is good Italian and has good pizza.
Nearer the Bear lake entrance to the park is a deli called Scratch. This place is very good. They make their own corned beef and bake their own bread. Excellent breakfast burritos.
Common eateries like Starbucks, Jimmy Johns, McDonald's.
There is a Safeway in town.

For post-ride or hike candy I recommend Laura's! https://laurasestespark.com/ “spoiling dinner since 1970”

We shop mostly at Costco, That’s honestly your problem. Costco tricks you into thinking you are saving money because it is cheaper per unit. Problem is you have to buy too many units leading to waste and overconsumption. They are also experts into making you buy a bunch of stuff you didn’t know you wanted. It is way too easy to blow an extra $100-200 per visit. Honestly skip Costco for 2-3 months Shop Costco for fuel, dry food in bulk and meat/fish/frozen veggies (when out of season) you can freeze. I just bought 30 pounds of pork loin for .99 a pound. .99 cents! Get yourself a reach in freezer for the garage and let creativity take over with meal prep. You do have to have self indulgence...especially going past the $30.00 tequila. ;)

Musk is a master at human psychology... people already forgot that half a year ago he raised the same model Y long range 32% and scrapped the standard range model on purpose. So now even with the amazing 20% price cut for the long range model Y, your basically looking at still a price increase of about 6% from a year ago which is probably in line with inflation. However, keep in mind unless you are paying full cash, finance charge is probably up 3-4% in the current environment vs. last year so you need to factor that extra cost as well. So overall I wouldn't say this is an amazing deal, especially if the economy goes south. This is just basic economics. Demand exceeded supply - he raised prices. Demand and supply are more aligned - he lowe...

Looks like nobody reading on this boar has purchased, here is my input. I did spend about 2 hours driving the dealer demo. I got really close (deposit placed earlier in 2022) for a 2023 Sequoia. https://www.youtube.com/watch?v=QKTYTD_j3E4&t=17s https://www.youtube.com/watch?v=fYUyg36A4bE Thanks for your thoughts..DD wants to stay with Toyota as we are kind of that family...LOL...My Land Cruiser gets about 14 MPG and our 2021 Sequoia gets about 16 MPG so anything is a little better...As for the ride thats interest...did it have the optional air ride on it? I will pass this along to her...she has a deposit on it and can buy at MSRP or better so we shall see. Yeah we are a Toyota family as well (Land Cruiser, Tundra, Supercharged Tacoma (...

Looks like nobody reading on this boar has purchased, here is my input. I did spend about 2 hours driving the dealer demo. I got really close (deposit placed earlier in 2022) for a 2023 Sequoia. We ended up buying a 2022 Ford Expedition Limited MAX stealth and it was $3,000 under msrp. The more reviews I saw for the Sequoia, it looked like maybe 2-ish mpg better than my V8 powered Toyota Land Cruiser. After finally being able to drive one here are my thoughts: Negatives: 1. Useless third row (unless you have sub-8 year old kids back there) due to design 2. Harsh ride compared to Expedition/Tahoe/Suburban/Yukon etc. 3. Gas mileage 4. Small windshield/poor visibility Positives: 1. TORQUE BEAST!!!!!! Great vehicle to tow my boat 2. Redesigned ...

Have you also considered a prefab house? It could also save you lots of money and it will likely be less of a time commitment/investment for you. It’s not possibly on our lot sadly. Even craning over the house isn’t an option due to a variety of issues. How do you plan on getting wood delivered? I've seen prefab's come in pieces delivered on the side of a mountain in Colorado on trucks no bigger than 30 foot lumber delivery trucks that have a forklift with mud terrain style tires. If they can do it there and in the snow, and schlep it up a mountainside, I bet your location would be even easier. But is sounds like you want to build anyway. Just wanted to note some of those prefab homes come in pretty small panels and kind of lego together.

We have fully approved plans, with a homeowner build building permit issued, for a 1-story, 1,000 square foot, 2 bedroom, 1.5 bath backyard house. If I were to pay a GC to do it, it would be at least $500,000. The architect is a friend and he designed the framing to be very easy. It’s a shotgun style house with a very easy roof line. I’m a technical person, but not particularly experienced or skilled with construction. I have a friend who just built one in SLO, and it took 6 months just to approve plans. Sounds like you made it past possibly the biggest hurdle already! I would say go for it! One thing you will need is a big tool budget. Renting would be good for a lot of items. Sub-out the stuff that costs a lot - excavation, trenching, co...

Hello bogleheads, i'm considering a purchase of a car between 80-100k. Looking at the taycan vs audi etron gt. Here is my current situation. Assets: 1. HYSA 50k 2. Taxable account 400k 3. Retirement accounts 600k 4. home equity. house is probably worth about 1 mil , loan is 450k at 2.6% 30 yr Debts: only mortgage at 450k at 2.6%. payment is about 3000 with P&I an property taxes Income - 450K combined, very stable. If this is a one time purchase and comes without a significant recurring cost to maintain the purchase, then you can/should do it if you are a "car guy." But if this is the beginning of a lifestyle creep, you might want to zoom out and take a look at the big picture. (For the record, I wanted to buy Toyota sequoia f...

Chardo wrote: ↑Tue Jan 03, 2023 10:50 am I'm wealthy because I have a lot of money. I'm Rich because that's my name.

Ha! Me too!

......

Raddoc0633 wrote: ↑Tue Jan 03, 2023 8:09 pm
Student loan @ 0.2% fixed for 5 years: $162k

Fixed monthly expenses:
Rent: $1900

Car lease (my one “splurge”, plus needed a 2nd family car): $485

Student loan payment: $3400
​

Congrats on the income, partnership potential and stay at home spouse!

Not the same occupation, but we paid off my wife's loans, paid off our suv and saved 20% down to avoid pmi before purchasing our house. I would suggest at least saving the 20% down payment. Your student loan rate is pretty awesome, but make it a goal to have it paid off before the rate goes up and/or you have a large mortgage! $1900/month rent and your income should allow you to put away serious money with your income.

RedDog wrote: ↑Mon Jan 02, 2023 11:07 pm I feel very good about owning a SFH portfolio.

BTW…the concerns expressed by real estate investing naysayers is real but exaggerated.

Agree, I've voiced my opinion before. I bought two SFH's $630K each during the pandemic when the market was at it's peak w/ 20% down, 3% 30 year fixed and turned them into AirBnb's. They generate $70-$100K each in rents/year currently and are close to 1M each on zillow right now. I'm not selling any time soon, but I am buying FXAIX with the money I am making on airBnB rents. My 18 year old son is also learning property mgm't.

Lots of ways to skin a cat as they say. Rental properties are a lot of work but I like to be diversified. There are MANY tax benefits as well.

Is the price $645k because that’s what he says? Have you done some independent research on actual value? Talked to a Realtor to get comps? Also, subdividing a lot that has 2 homes and an existing mortgage would be fairly challenging (I’ve seen it done). Yeah I don't think comps can even start until there is a clear and defined lot. You want to make sure he has received permits (and passing) for everything. Everything. Including septic. If he installed too small of a septic tank and you want to collect rent from the adu, this could cause an issue (I know from experience.) Also if you ever have plans on listing the property on vrbo or airbnb, the municipality will basically make sure all permits were properly pulled, there are no setback vio...

StewedCarrot wrote: ↑Thu Dec 29, 2022 9:58 pm 2x-3x income is nonsense. Today 5x is reasonable.

I was making 70k and bought a $420k house with 20% down. This whole 2-3x is a bit Dave Ramsey-ish IMHO. I always follow the "never finance something that depreciates" mentality - cars, etc..

This will not help (much) during the current crisis but under more normal times seem like a good idea. As an aside, I would add don’t fly Southwest . "Things are not good..... if it's less than 7 hours - DRIVE!" "Download and use the app of the airline you are flying." "Fly MUCH earlier than you need to - a whole day early if it's important!!" "ALWAYS fly the first flight in the morning." "Schedule long layovers - Your 1-hour layover is NOT enough anymore." "Avoid connecting in Newark (Or any New York airport for that matter)." "Be nice. As stated above, we are overworked and tired. We will not help you if you are mean." "Being drunk on an airplane is a federal offe...

While there is plenty of opportunity for improvement in our spending, we are not planning any major changes to budget or investments. if we do go into a recession, it may be a good time to get some home improvement projects back on the agenda for us. Last time (2008) really brought down prices and contractors had plenty of time on their hands so they were eager to take the work. Agree. We did kitchen remodel in 2012. We got tremendous deal on custom cabinets because their business was slow. Nowadays, you would be looking at an extended delay just to put in an order. Where we live (Colorado) quartz, granite and most custom cabinet mfg's are back to 30-60 day lead times. We just did a kitchen remodel on one of our 1967 ranch rental houses an...