Semester at Sea
Probably want to wait out the pandemic a bit.
Search found 983 matches
- Mon Jul 19, 2021 11:34 am
- Forum: Personal Finance (Not Investing)
- Topic: What to do when your 529 has something left in it
- Replies: 23
- Views: 3245
- Fri Jul 16, 2021 6:46 pm
- Forum: Personal Consumer Issues
- Topic: PSA for those planning on visiting National Parks
- Replies: 18
- Views: 4394
Re: PSA for those planning on visiting National Parks
Ya'll should be aware that the NPS has an official app. You can get all of this information, and download maps, on your mobile device!
https://apps.apple.com/us/app/national- ... 1549226484
https://apps.apple.com/us/app/national- ... 1549226484
- Thu Mar 18, 2021 7:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Pressure to start returning to the office from WFH
- Replies: 14
- Views: 1973
Re: Pressure to start returning to the office from WFH
In a survey we did, 95% of employees said they are more productive remotely. That is simply not true for the most part. Most count their commute time into it. 100% want an option to work remotely forever. 50% want to work at the office 3+ days per week. With a few exceptions we will require employees to be at the office 4 out of 5 days per week when the vaccine is widely available. We have lost a sense of culture, training of newer employees is terrible, overall productivity is down and our billings are starting to waver. We want people like you to be at the office and show our other employees how to do it. Employees are required to wear masks when they are not in their work area. Non-negotiable. Work areas are spaced appropriately. Be pre...
- Thu Mar 11, 2021 3:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: America Rescue Plan and Tax Software Updates
- Replies: 21
- Views: 2528
Re: America Rescue Plan and Tax Software
Is there an issue with just leaving the 1099-G off of the return?
- Fri Feb 26, 2021 11:46 am
- Forum: Personal Finance (Not Investing)
- Topic: Private School - financially irresponsible?
- Replies: 213
- Views: 20700
Re: Private School - financially irresponsible?
There *is* a tradition in the NE, among money, of not flashing it, and of a very Puritan kind of work ethic. Private Wealth Management firms offer courses on teaching your kids how to work with not-for-profit Boards etc. A friend of mine lives in Andover MA - which has the school, with the famous art collection etc. It's a (very affluent) but low key kind of place. I imagine the kids (who could own the kinds of brands that are really exclusive) signal socially to other in ways we can't even read. There have been studies on this. I'm tickled pink that this one comes out of USC. But what inferences are made regarding a woman seen carrying a Bottega Veneta hobo bag ($2,450)? Bottega Veneta’s explicit “no logo” strategy (bags have the brand ba...
- Thu Feb 25, 2021 6:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Private School - financially irresponsible?
- Replies: 213
- Views: 20700
Re: Private School - financially irresponsible?
What else would you spend it on?head wrote: ↑Mon Feb 22, 2021 2:25 pm I'm trying to decide whether it would be financially irresponsible of me to send my two children to private school in the fall (would be starting Kindergarten and plan to stay through 8th grade). The combined cost will be ~25% of net income (after taxes and after maxing out 401(k) and back door IRA contributions).
I'm as big a proponent of public school as you're likely to find, but my child's education is my number one priority. You've already taken care of taxes and are adequately saving for the future; what's left is discretionary. Spending 25% of discretionary funds on betterment for your child is not irresponsible.
- Fri Jan 15, 2021 7:30 am
- Forum: Investing - Theory, News & General
- Topic: Looking for stats: Average/Median age when $1M networth (household) is attained?
- Replies: 65
- Views: 11348
Re: Looking for stats: Average/Median age when $1M networth (household) is attained?
You have 50 close friends?stoptothink wrote: ↑Fri Jan 15, 2021 7:12 amOf my close friends, three that I can think of certainly already hit that mark, maybe two more will (out of ~50, similarly ~80% with college degrees)
- Sun Jan 03, 2021 7:40 am
- Forum: Personal Consumer Issues
- Topic: Building a Beach House: Construction Considerations?
- Replies: 49
- Views: 4787
Re: Building a Beach House: Construction Considerations?
Hire the people that constructed this... https://www.google.com/imgres?imgurl=https%3A%2F%2Fpressfrom.info%2Fupload%2Fimages%2Freal%2F2018%2F10%2F15%2Fa-crowd-of-people-at-a-beach-the-elevated-house-that-the-owners-call-the-sand-palace-on-36th-street-_578889_.jpg%3Fcontent%3D1&imgrefurl=https%3A%2F%2Fpressfrom.info%2Fus%2Fnews%2Foffbeat%2F-200014-among-the-ruins-of-mexico-beach-stands-one-house-built-for-the-big-one.html&tbnid=sG8QuebgmMff8M&vet=12ahUKEwj0zvqY5f_tAhVNHN8KHb08B28QMygBegUIARCnAQ..i&docid=28oLD8k3YH94jM&w=615&h=458&q=only%20house%20on%20gulf%20coast%20still%20standing%20mexico%20beach%20fl&ved=2ahUKEwj0zvqY5f_tAhVNHN8KHb08B28QMygBegUIARCnAQ That's exactly what I was thinking of... Here's the or...
- Sun Dec 27, 2020 6:05 pm
- Forum: Personal Consumer Issues
- Topic: College comparisons (and cost estimates) for life sciences
- Replies: 51
- Views: 3205
Re: College comparisons (and cost estimates) for life sciences
I thought Reed refuses to play the ratings game, so places like US News guess at their stats?texasdiver wrote: ↑Sun Dec 27, 2020 5:30 pmWhitman actually ranks higher than Reed on some national rankings, for what they are worth.
I don't know that this really applies in this case, but you can get a joint degree with Caltech & Reed.
- Thu Dec 24, 2020 5:01 pm
- Forum: Personal Consumer Issues
- Topic: Password storage apps, recommendations?
- Replies: 119
- Views: 7207
Re: Password storage apps, recommendations?
Looks like Microsoft is updating Authenticator to include autofill.
- Thu Dec 24, 2020 1:21 pm
- Forum: Personal Consumer Issues
- Topic: Password storage apps, recommendations?
- Replies: 119
- Views: 7207
Re: Password storage apps, recommendations?
Security should be viewed holistically. Confidentiality is only one leg of the triangle: integrity and availability are equally important. In the case of login credentials, this implies: A password manager must keep your credentials secret from any unauthorized party A password manager must prevent unexpected changes to your credentials A password manager must ensure your credentials are always accessible when needed For instance, if a password manager only works on one platform, it has failed to keep your credentials available everywhere you need them. This can lead a user towards poor practices like using simpler passwords so they can manually type them out on (eg) their phone. A password manager provides better integrity than a text fil...
- Thu Dec 24, 2020 12:56 pm
- Forum: Personal Consumer Issues
- Topic: Password storage apps, recommendations?
- Replies: 119
- Views: 7207
Re: Password storage apps, recommendations?
No & No.
But that's besides the point. Technically, how do the two solutions differ? At a high level they both use a vault. The difference seems to be in the behavioral recommendation to have the manager manage everything about passwords, which means there's an issue migrating out when something breaks. Something always breaks with software.
- Thu Dec 24, 2020 11:08 am
- Forum: Personal Consumer Issues
- Topic: Password storage apps, recommendations?
- Replies: 119
- Views: 7207
Re: Password storage apps, recommendations?
So how are these extra apps for password management "better" than simply storing your passwords in your browser with a primary password?
For a specific example, how is 1Password more secure than Firefox?
For a specific example, how is 1Password more secure than Firefox?
- Wed Dec 23, 2020 9:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Proposition 19 advice needed
- Replies: 8
- Views: 803
Re: Proposition 19 advice needed
Help a brother out, please list these strategies that pass on the lower taxes.loveeatingpizza wrote: ↑Wed Dec 23, 2020 9:33 am Absolutely contact a attorney. There are a few prop 19 strategies floating around, that would allow you to maintain control but also pass on the lower taxes to your kids. Please do not do an outright transfer to your kids, as there are better options that protect you.
You do not want to DIY as it is complicated.
- Sat Dec 19, 2020 10:44 am
- Forum: Personal Finance (Not Investing)
- Topic: Prop 19 CA Inheritance Property Implications
- Replies: 204
- Views: 16505
Re: Prop 19 CA Inheritance Property Implications
... Actually, Prop 19 still allows children -- and grandchildren even -- to move into the parents' home and keep the low tax base . What Prop 19 changed was to eliminate the possibility of the kids turning their parents home into a rental (at market rates) and reaping the extra income as a result of the low Prop 13 tax base. That's accurate only if it's the parent's primary residence and the difference between the assessed value and FMV is less than $1MM. Under prop 19 property taxes can go up significantly in cases where children move into a primary residence that has more than a $1MM gain (not uncommon in many areas). My understanding is that prop 13 applies to both house, and the land, which are separately assessed. Does anyone know how...
- Tue Dec 01, 2020 2:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Updated] Has anyone used a Career Coach for new college graduate?
- Replies: 106
- Views: 6232
Re: Has anyone used a Career Coach for new college graduate?
This whole post made my day. Thank you for sharing it
- Wed Nov 25, 2020 7:51 am
- Forum: Personal Consumer Issues
- Topic: Car will fit in garage with one inch to spare - thoughts?
- Replies: 111
- Views: 11825
Re: Car will fit in garage with one inch to spare - thoughts?
Mini speed bump. When you or your wife feel the bump, stop. The price is right.
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- Sun Nov 22, 2020 7:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Teach kids about charitable giving
- Replies: 16
- Views: 1129
Re: Teach kids about charitable giving
ThatKid gets an allowance of $X per week. Of that X, he is required to: 1. Put at least 20% into the Savings jar. 2. Put at least 10% in the Charity jar. 3. The remainder is for whatever you please. He is allowed to spend all of the money in the Savings jar around his birthday. However, he is also required to select a charity and contribute all of the money from the Charity jar at the same time. This is intended to teach a few lessons: 1. Junior Bogleheads must be indoctrinated into long term savings :D. But deferred gratification still needs to be realized at some point. 2. Helping others is a constant act. Not a once a year thing only-if-you-didn't-overspend-on-Christmas-gifts. 3. When you have good fortune it is important to think of tho...
- Thu Nov 19, 2020 5:51 am
- Forum: Personal Consumer Issues
- Topic: Arcade game vendor recommendations
- Replies: 34
- Views: 3009
- Mon Nov 16, 2020 8:23 am
- Forum: Personal Consumer Issues
- Topic: Looking for a knife set
- Replies: 100
- Views: 9205
- Fri Nov 13, 2020 7:47 am
- Forum: Investing - Theory, News & General
- Topic: What are some good boglehead principles around real estate?
- Replies: 53
- Views: 10867
Re: What are some good boglehead principles around real estate?
Just to clarify, these rules were not intended to be taken seriously (by me). Except for the last one, I have seen every "rule" stated as iron clad fact on this board.
- Fri Nov 13, 2020 7:38 am
- Forum: Personal Investments
- Topic: Good way of taking advantage of High COL real estate/housing market?
- Replies: 9
- Views: 1694
Re: Good way of taking advantage of High COL real estate/housing market?
I think this is overblown. Yes, rents in SF are down, but if you look at the surrounding suburbs they're up.Valuethinker wrote: ↑Fri Nov 13, 2020 5:59 am Did I mention that, apparently, rents are falling as tech companies accept that if you can work efficiently from home in your 1 BR in San Francisco, you can do the same from your house in Salt Lake City? That's got to have long term implications for housing prices in these areas.
Redfin seems to think purchase prices have increased 15.9% in Santa Clara County, and 18% in San Jose.
South Lake Tahoe is only up 21.2%.
- Wed Nov 11, 2020 6:06 am
- Forum: Investing - Theory, News & General
- Topic: What are some good boglehead principles around real estate?
- Replies: 53
- Views: 10867
Re: What are some good boglehead principles around real estate?
Rules for real estate: 1. Somebody might lose a job right now , only count one income. 2. That one income must be the lower of the two. 3. Inflation is not a thing. Don't stretch because your wages will never grow. 4. 30 years is too long. Only consider a 15 year mortgage. Make additional payments. 4. Purchase price not to exceed 50% of your investment account. 5. If you absolutely must violate #4, purchase price cannot exceed 2x of (the lower) annual salary. 6. You live in a VHCOL area? Tough, rules of thumb work for everyone. Better yet, move. There are no benefits to living in an above median area. 7. Oh you mean other than a primary residence? DON'T DO IT! You will lose everything, your wife will leave you, your kids will hate you, and...
- Wed Nov 04, 2020 8:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Excel formula help re: calculating tax within brackets
- Replies: 21
- Views: 3224
Re: Excel formula help re: calculating tax within brackets
All of you VLOOKUP fans should really look into XLOOKUP.
Microsoft wrote:The following example looks in column C for the personal income entered in cell E2, and finds a matching tax rate in column B. It sets the if-not_found argument to return a 0 if nothing is found. The match_mode argument is set to 1, which means the function will look for an exact match, and if it can't find one, it will return the next larger item. Finally, the search_mode argument is set to 1, which means the function will search from the first item to the last.
- Thu Oct 29, 2020 9:10 am
- Forum: Personal Consumer Issues
- Topic: Tesla Solar Roof
- Replies: 93
- Views: 15648
Re: Tesla Solar Roof
Upthread, in May, 2017, I posted: "I looked for data sheets or ANY Tesla technical literature like data sheets to answer questions like how are they wired, what do the connections look like, what is the physical size, etc and didn't find anything. That's a huge red flag. If anyone has a link for that, please post." It's the end of Oct, 2020, and there's one light-info page on solar roof specs on the Tesla website, and no data sheets, install guides, owner guides, or other info available...more than three years later. :shock: This appears to be how the V3 are wired: US20190267932A1 . When I had the same question for the V1 I remember them essentially using solder between the rows, which freaked me out. The V3 makes much more sense...
- Sun Oct 11, 2020 8:57 am
- Forum: Personal Finance (Not Investing)
- Topic: Would you rather be the richest or poorest person in town?
- Replies: 109
- Views: 10111
Re: Would you rather be the richest or poorest person in town?
Town A. More affluent neighborhoods tend to be less of a "community" and less laid back IMO. I will take the friendly and laid back community any day of the week. The kids will be fine as long as you raise them right! Nice to not have to argue as much about labels and brands when clothes shopping though. Are you sure affluent people are focused on labels? I always assumed people who aspired to be rich were more focused on these things. My wife went to a fancy private school. Her mother was a teacher so the cost was heavily subsidized. Several of her close friends have trust funds. As in the type of trust fund that allows you to become a writer or musician and not have a real job, and then go out and buy a $1.5 million house (whic...
- Sun Oct 11, 2020 8:53 am
- Forum: Personal Finance (Not Investing)
- Topic: Would you rather be the richest or poorest person in town?
- Replies: 109
- Views: 10111
- Tue Sep 22, 2020 10:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Physicians: Should I leave my job?
- Replies: 207
- Views: 19706
Re: Physicians: Should I leave my job?
I dont think lawyers find themselves making life and death decisions and therfore cannot fathom the stresses of an ER doctor for9 example. The decisions that need to be made whilst a 9 year is bleeding to death from an accident with their mother screaming her lungs out is not something any lawyer can fathom from a corner downtown office. Neither can an Engineer come close to the stresses of a heart surgeon. The human emotion, psyche, and the stakes involving life and death are unique and duplicated. A computer programmer is not reslonsible for making decisions that may or may not save somones orgns, limbs, breaths. I think docs are undercompensated compared to.many.other professions..eg Real estate agentd in Beverly Hills making more just ...
- Wed Sep 16, 2020 7:39 am
- Forum: Personal Consumer Issues
- Topic: Coping with Megacorp rat race
- Replies: 168
- Views: 20012
Re: Coping with Megacorp rat race
I find this sad. Do you really believe that most people don't have enough self actualization to find interesting things on their own? That most people require an outside force to direct how they spend their energy?alfaspider wrote: ↑Tue Sep 15, 2020 1:44 pmBeing FI frees you from having to put up bad employment situations. Few people really want to retire to a beach at 45 for the rest of their life (well, they may think they do, but reality is that most will get bored and aimless). But everyone would likely be happier on their own terms.
- Wed Sep 09, 2020 12:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: How Much House Can We Afford in HCOL Area?
- Replies: 300
- Views: 25191
Re: How Much House Can We Afford in HCOL Area?
Oh and because of taxes, a family member renovated their tiny $1M dump of a home. It's $1M because it is walking distance to spaceship Apple in case those are wondering. They maintained some of the original structure in order to comply with rules to keep their existing property tax rate. It looks like a brand new house to me. I can barely see any original left. It is probably north of $2M with taxes based on their original purchase price. Prop 13, don't know if I like it but wow, what a way to game the system. I complained about the inequality of prop 13 for years, mainly to my spouse. My retired neighbor, who we nicknamed hugh Hefner due to his penchant for silk robes, paid a third of the taxes we did. But then I decided to use that to my...
- Sun Sep 06, 2020 7:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buying vs. Renting Principles
- Replies: 233
- Views: 31500
Re: Buying vs. Renting Principles (Sticky Thread Request)
Not to mention that the 2-3X "rule" completely ignores the effect the interest rate plays in the total amount borrowed when compared against a static monthly payment. It's an asinine thought process.geerhardusvos wrote: ↑Sun Sep 06, 2020 6:45 pmWhat feedback do you have that would make this more helpful to others? What areas do you disagree with?
The proper way to decide how much to buy is to make a budget and figure out how much in your very specific situation can go towards housing. There are no shortcuts for this.
- Thu May 28, 2020 9:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
The language is loaded, and is obviously inferring premises in order to take offense.
I think it better if we let the subject rest.
I think it better if we let the subject rest.
- Thu May 28, 2020 5:54 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good" school. Elementary is even worse. So where are the "good" public schools? Palo Alto? Cupertino? Saratoga? You're looking at $2.5M homes in any of those locales. Can the OP afford that on $450k? Aragon is not a "good" school? I've known more than one kid from there who went on to an ivy. I think the problem is that not every school can be at the top. With all of the educated type A personalities in the Bay, nothing less than t...
- Thu May 28, 2020 5:47 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Because you, as a wealthy parent, did not micromanage your children's teachers, that is generally the case? I would be willing to bet that if you asked a room full of teachers this question, that you would very quickly (and very convincingly) see that it is the opposite. It is a double-edged sword of course, parents in the lower-socioeconomic scale tend to not care as much (which has all kinds of negative implications), but not having to be micromanaged by parents is definitely not one of the reasons good teachers choose an elite private school over a public. It's not that lower SES parents don't care, it's that they have actively learned not to have agency. Teaching kids to self-advocate is really an upper middle class/rich person thing. ...
- Thu May 28, 2020 5:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
This. Great post. Explains why some school districts are in trouble in the bay area. Essentially, a lot of the property taxes go to Sacremento and then get funneled to where needed to be fair. So, your high property taxes in CA may be going to poorer area schools. Below explanation goes into detail and does a great job. In my area of the bay area woods (Alameda county), I fear the next few years will be bleak on the budget side. High salaries demanded by unions have driven high pension liabilities. School districts were in trouble before covid (CA now has a $40bn deficit?). Also, were not lucky enough to be in a district with loadsa public donations to plug the gap :( Keeping the kids in private for now. Would really like to send them to p...
- Wed May 27, 2020 6:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
The vast majority of schools are just fine in the Bay Area. Even the kids in East Palo Alto get bussed into the great schools in Palo Alto and Mountain View. But then you have other issues like the Suicide School.rolandtorres wrote: ↑Wed May 27, 2020 6:10 pm These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique.
The problem is that no one wants to settle for an 8, but not everyone can afford a 10.
Besides, you'll be doing all the teaching at home anyways!
- Wed May 27, 2020 6:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
- Replies: 320
- Views: 24606
Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Because you, as a wealthy parent, did not micromanage your children's teachers, that is generally the case? I would be willing to bet that if you asked a room full of teachers this question, that you would very quickly (and very convincingly) see that it is the opposite. It is a double-edged sword of course, parents in the lower-socioeconomic scale tend to not care as much (which has all kinds of negative implications), but not having to be micromanaged by parents is definitely not one of the reasons good teachers choose an elite private school over a public. It's not that lower SES parents don't care, it's that they have actively learned not to have agency. Teaching kids to self-advocate is really an upper middle class/rich person thing. ...
- Tue May 12, 2020 11:14 am
- Forum: Personal Investments
- Topic: CARES Act 401(k)
- Replies: 9
- Views: 1031
CARES Act 401(k)
I just realized that my employer has implemented the CARES act provisions for retirement accounts. Suspends required minimum distributions from traditional Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans for 2020. Waives the 10% tax penalty for early distributions from IRAs and employer-sponsored retirement plans if: The individual, their spouse, or their dependent has been diagnosed with COVID-19; The individual experienced adverse financial consequences because they were quarantined, furloughed, or laid off, or because their employer reduced their working hours; or The individual experienced adverse financial consequences because the individual is unable to work due to lack of child care. Distributions are st...
- Tue May 05, 2020 8:05 pm
- Forum: Investing - Theory, News & General
- Topic: My theory about FIRE
- Replies: 419
- Views: 39041
Re: My theory about FIRE
If you regularly perform work that you wouldn't without monetary compensation, then you're not retired.
You might be Financially Independent, but you're not retired.
- Mon May 04, 2020 11:05 pm
- Forum: Investing - Theory, News & General
- Topic: My theory about FIRE
- Replies: 419
- Views: 39041
Re: My theory about FIRE
The teachers I know are married to patent lawyers, biomedical directors, and software engineers. It's easy to live above your paycheck when the spouse makes so much more. Not to mention saving on daycare.EFF_fan81 wrote: ↑Mon May 04, 2020 10:15 pm
I wonder how much of this "teachers are surprisingly wealthy" stuff can be explained by:
1. Steady wages and job security rather than variable income (vs. tradesmen)
2. Starting a career earlier with less debt (vs. lawyers, college professors, etc.)
3. Government retirement benefits like pensions
Meaning that actually the total compensation for teaching, taking into all accounts, is simply higher than it might first appear by looking at any given teacher's W2 on any give year.
- Sun Apr 19, 2020 9:38 am
- Forum: Personal Finance (Not Investing)
- Topic: Any One-More-Year FIRE people sticking to their plan?
- Replies: 72
- Views: 10529
Re: Any One-More-Year FIRE people sticking to their plan?
fortunefavored wrote: ↑Sun Apr 19, 2020 8:39 amI suppose it is heavily personality dependent. As you point out I'm not retirement-police-compliant FIRE if I have a spouse still working.LeftCoastIV wrote: ↑Sat Apr 18, 2020 9:03 pm What will you do when you retire? With spouse working, and assuming your friends are still working, how do you envision spending your time?
I am mid-40s as well, and I struggle with the question of how I would spend my time after the initial decompression/exhilaration period ran its course.
I volunteered for a layoff many years ago, and spent a good 9 months before trying to get a new job due to burnout.
I never knew unemployment could be so fun! To borrow a phrase, FUNemployment.
What do you enjoy doing now? Without a job, you get to do MORE of it! You should really try it...
- Sun Apr 19, 2020 9:32 am
- Forum: Investing - Theory, News & General
- Topic: My theory about FIRE
- Replies: 419
- Views: 39041
Re: My theory about FIRE
How many of those teachers are married to engineers or accountants?CyclingDuo wrote: ↑Sat Apr 18, 2020 7:28 am MYTH: Rich people have high-paying jobs.
TRUTH: Many millionaires surveyed NEVER made six figures in a year.
The top three career positions that were millionaires...
#1 - Engineers
#2 - Accountants
#3 - Teachers
- Fri Apr 17, 2020 4:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: How many paid for kids' college?
- Replies: 282
- Views: 18641
Re: How many paid for kids' college?
We are also in the NE and she attended a private school in the NE which was in the low $40's per year back in 2011. Those prices were reduced by a number of scholarships and school jobs she had during undergrad, each year she had about $18K in scholarships and grants as well as a paycheck total of $12-30K dependent upon the year. Please note she did not have to work but any funds that she earned was saved for her future use. Jobs she has had over the 8 years outside of her studies/profession include: dock master, trainer, admissions ambassador, tutor, Resident assistant, tradesy/ebay store, Brewery server, and boat delivery/charter. For us the experience of working during college was vert good and the ability to get college funds was diffi...
- Sun Apr 05, 2020 9:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Online will
- Replies: 24
- Views: 1885
Re: Online will
Be really careful with this. The common mistakes I see are: 1) People don't execute them right in terms of signing WITH the witnesses present. Likely not legally valid then. 2) Some people think of their parents as being of simple means but that house, if they own one, could cause an expensive probate after death so a trust is better in most states. 3) People often try to over complicate it, play lawyer, and create ambiguities. Keep it simple! Good luck. One does need to follow directions , but a simple will is actually simpler than investing, which most bogleheads agree is eminently DIY. In some states (like glorious CA) a house in a will is a probate problem, but in this case the OP need something fast to cover the missing. Taking time l...
- Sun Mar 29, 2020 10:35 am
- Forum: Personal Finance (Not Investing)
- Topic: How will coronavirus affect housing choices? Do walkable suburbs win?
- Replies: 19
- Views: 2419
Re: How will coronavirus affect housing choices? Do walkable suburbs win?
I see the opposite happening. I see an increase in people moving to SF and then wanting to buy a Tahoe home for the weekend getaway. Basically what's been happening in NYC for ages.
Work from home is great for individual contributors, but it's difficult to climb corporate Donkey Kong (shamelessly stolen phrase) without face time.
Work from home is great for individual contributors, but it's difficult to climb corporate Donkey Kong (shamelessly stolen phrase) without face time.
- Mon Mar 16, 2020 4:02 pm
- Forum: Personal Investments
- Topic: Anyone Rebalancing Today, 3/16/20?
- Replies: 36
- Views: 2824
Re: Anyone Rebalancing Today, 3/16/20?
Yep, waited until the afternoon press conference and saw the market dropping.
So I Tax Loss Harvested for the first time duing the current panic.
I nibbled a bit from bonds to stocks last week, but I ran out of time to nibble today. I'll nibble tomorrow if we don't "bounce", and take a large bite after another 15% drop.
I've always hated my bonds, but I had them because the Bogleheads said I had to. Even during the great recession I hated them.
So I Tax Loss Harvested for the first time duing the current panic.
I nibbled a bit from bonds to stocks last week, but I ran out of time to nibble today. I'll nibble tomorrow if we don't "bounce", and take a large bite after another 15% drop.
I've always hated my bonds, but I had them because the Bogleheads said I had to. Even during the great recession I hated them.
- Sun Mar 15, 2020 12:32 pm
- Forum: Investing - Theory, News & General
- Topic: So what does shutting down the US economy for a few months look like?
- Replies: 200
- Views: 17214
Re: So what does shutting down the US economy for a few months look like?
Please consider purchasing gift cards to your favorite businesses. Bonus points if they're small and local.
They get the cash now, so they can keep people employed, and you can still use it later.
They get the cash now, so they can keep people employed, and you can still use it later.
- Sun Mar 08, 2020 10:19 am
- Forum: Personal Finance (Not Investing)
- Topic: Help me understand why I need uninsured, underinsured motorist liability and medical payments.
- Replies: 74
- Views: 8712
Re: Help me understand why I need uninsured, underinsured motorist liability and medical payments.
... You also want your medical treatment to be paid for without explaining to your health insurer that it is due to a car accident. ... Why would explaining that be an issue? Not sure about the "explaining" word choice, but standard health insurance isn't first-payer if the injured party is covered by another type of insurance, including liability, PIP, and worker's comp. If you are injured and go to the ED ("injured" as opposed to "sick") they'll ask if you were injured in a car accident or at work. I'm not sure what the consequences would be of hiding that fact though. For many types of injuries the billing codes tip off the insurance company to investigate further. Your insurance company will mail you a for...
- Thu Feb 06, 2020 6:45 am
- Forum: Personal Finance (Not Investing)
- Topic: Tech Jobs (Defense vs. FAANG)
- Replies: 21
- Views: 4745
Re: Tech Jobs (Defense vs. FAANG)
Even Apple uses Windows, software such as ANSYS doesn't run on macOS.
Everywhere I've been, getting the tool I want has been a challenge. Some other yahoo spent money on their favorite tool instead.
- Thu Jan 09, 2020 5:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Living in a HCOL and making a middle class salary is a struggle
- Replies: 340
- Views: 27014