Search found 2521 matches

by beyou
Sat May 25, 2019 12:27 pm
Forum: Personal Consumer Issues
Topic: Finally broke down and bought a new ipad....
Replies: 6
Views: 367

Re: Finally broke down and bought a new ipad....

Have one of each, and use my laptop far more. To me ipad is an alternative to my TV, and most people want a big screen. At work we use it instead of paper at meetings, but I hate meetings and hope to retire and stop using for that purpose :-) Hopefully will be a treasured travel partner instead of s...
by beyou
Thu May 23, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: ongoing eBay buying problems
Replies: 30
Views: 1761

Re: ongoing eBay buying problems

I still have an account but have not used ebay in quite a while.

1) One of many Amazon victims for many products.
2) I got sick of selling myself, dealing with bad buyers.
3) Trying to de-clutter and not buy "stuff"
by beyou
Thu May 23, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1804

Re: Why it doesn't matter if Tesla survives

Certainly matters to owners of the cars ! Parts, repairs, recalls....
by beyou
Thu May 23, 2019 11:23 am
Forum: Personal Investments
Topic: Retirement goal seems far away
Replies: 25
Views: 1950

Re: Retirement goal seems far away

I have always looked at this as a balancing act between living for the near and long term. Must split my resources between immediate gratification, intermediate term (kids in college) and long term (my own retirement, possible long life). You buy term insurance in case you die young, but possibly an...
by beyou
Thu May 23, 2019 6:20 am
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 73
Views: 6396

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

Besides fixed vs gliding AA, the other difference between LS and Target is use of TIPS in the conservative AA for older investors. I think that an advantage of Target, but I think they switched from long term to short term TIPS. Anybondy know why ? For younger aggressive investors in an IRA, I habe ...
by beyou
Thu May 23, 2019 6:03 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 139
Views: 11811

Re: just a general comment about "too conservative" investors here

I've never been through a bear market. I finished college in 2012—graduated right into a roaring bull market where my investments have (mostly) just gone up, up, up. I can tell myself I won't panic when the market has its next crash. I can convince myself I'll have the stones to hold steady at 100%...
by beyou
Mon May 20, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 108
Views: 41166

Re: If I Knew Then What I Know Now

“THE COST OF LIVING WHERE YOU CHOOSE TO LIVE - Choose to live where the cost of living is moderate. Arizona is moderate. Florida and Texas have no state income taxes and moderate real estate prices. NY, LA, SFO, Boston, etc. are super-expensive and that makes it more difficult to save.” Not always t...
by beyou
Sun May 19, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17619

Re: High net worth, elite private or “good” public

All depends on your specific options in your area, whih is hard for others to judge/analyze. In our case, after some frustration with our public schools at the elementary level, we looked around, and despite some decent private options, did not feel it was necessarily better. And from talking to par...
by beyou
Sat May 18, 2019 6:20 am
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6144

Re: Why do plumbers get paid so well?

A google engineer makes close 200k at start. Why are they paid so well ? I used to be a software engineer at a major financial service firm frequently mentioned on this site. My supervisor and top executive in the firm used to refer to IT projects as plumbing. He was a PhD in finance but had quant ...
by beyou
Sat May 18, 2019 6:15 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5393

Re: Guidance on choosing between UMich and Brown

In my opinion the big difference is the big state school versus the smaller ivy school atmosphere. Ivy league schools tend to the needs of the student better IMHO. If you are the type that can excel by yourself with less one-on-one with the professors and you do not mind bigger classes then the ext...
by beyou
Sat May 18, 2019 6:07 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5393

Re: Guidance on choosing between UMich and Brown

Also note that as you make college friends, many will stay in the region after college at a state school, but friends at Brown would scatter everywhere. Given you may not stay in Michigan nor Rhode Island, this may not matter much in terms of a decision, but your friends will stick together post co...
by beyou
Fri May 17, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5393

Re: Guidance on choosing between UMich and Brown

Also note that as you make college friends, many will stay in the region after college at a state school, but friends at Brown would scatter everywhere. Given you may not stay in Michigan nor Rhode Island, this may not matter much in terms of a decision, but your friends will stick together post co...
by beyou
Fri May 17, 2019 1:04 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5393

Re: Guidance on choosing between UMich and Brown

I work in fin tech (financial technology). I have been involved in the recruiting process at multiple NYC wall street firms. Once you have a CS degree from a top tier school, and both of these are, then the rest is all you. What internships, side projects, activities etc did you perform ? How well d...
by beyou
Wed May 15, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6385

Re: Do you reward yourself for achieving a financial goal?

A relative came to visit and mentioned that “anyone buying my house would tear it down”. He declared bankruptcy, will likely never retire. I otoh, can retire when it suits me. No home rennovation rewards, no fancy vacations, cars. Reward is financially worry free retirement at a reasonably young age.
by beyou
Wed May 15, 2019 3:53 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7087

Re: For how long will the forum be around?

22twain wrote:
Mon May 13, 2019 10:54 pm
How long will the forum be around?

42.

(note I did not specify the units :wink: )
Don't panic...this guide will always be here.
by beyou
Wed May 15, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6231

Re: I accidentally retired, and need tax advice

In a taxable account you should not reinvest dividends anyway. Creates opportunity for accidental wash sales if you sell after a "buy" in the form of a div reinvestment. Pain for bookkeeping. Added benefit is having the cash to pay bills, including taxes. As far as tech, I am too in 50s and facing l...
by beyou
Mon May 13, 2019 2:28 pm
Forum: Personal Investments
Topic: So, I want to Retire - Help ?
Replies: 51
Views: 8045

Re: So, I want to Retire - Help ?

Only on BH would people tell someone with $3M that they can't retire at 54. The ONLY concern is having the younger child with many years of raising that child ahead, including college. If you are in a state with good and cheap state schools, not that big of a deal, else that is the only real serious...
by beyou
Mon May 13, 2019 10:05 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10313

Re: Does your retirement plan work if stocks are flat or in decline for decades?

If there is a long term decline, deflation would likely accompany the equity decline.
If prices are falling for services, then I need less income/assets.
During 2009 there were a number of opportunities to buy at a discount if you had cash.
Make sure you have some non-equity assets.
by beyou
Sun May 12, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 76
Views: 22974

Re: Anyone else decided not to finish med school?

I suggest he read a book by Michael Crichton called Travels. https://www.amazon.com/Travels-Author-Michael-Crichton-Mar-2014/dp/B010DS9GEY/ref=sr_1_2?crid=1CCQQZSX0BO59&keywords=travels+michael+crichton&qid=1557712205&s=books&sprefix=travels+michael+%2Cstripbooks%2C129&sr=1-2 This very successful au...
by beyou
Sun May 12, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 123
Views: 27079

Re: Growing old without kids or younger caring relatives

As I'm only 36, I've only given this a small amount of thought. I have a parent with Alzheimer's, so my #1 thing is that I will not let that happen to me. I just hope I can do something about it before it's too late. I'm saving tons of money for "retirement," no wife, no kids, no real desire for ei...
by beyou
Sat May 11, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18697

Re: Do you rent even if you can afford to buy?

Anyone single and under 30 should rent. Married without kids I would still rent. Once you have kids, stability and space are a good thing, as well as a good school district. Buying in a good school district at that point makes sense, not until then. I have owned my home to raise my kids, and while I...
by beyou
Sat May 11, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buy or keep renting in Manhattan?
Replies: 43
Views: 7116

Re: Buy or keep renting in Manhattan?

I work in the industry though in buy side IT so the income is not at the same level. But early in my career I faced the buy/rent decision when I couldn't find a rental that met my needs. Out of impatience I bought. Worst decision ever, should have kept looking for a rental. 1) When young better to b...
by beyou
Fri May 10, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving Employer to Work for Current Client?
Replies: 19
Views: 1647

Re: Leaving Employer to Work for Current Client?

Just tell your current employer you were made a very good offer and it happens to be a client so you wanted to get their blessing. If you focus on the money, people understand leaving for more money. Worst that can happen, you start a bidding war ! More likely your current employer will be disappoin...
by beyou
Mon May 06, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

Nobody pays sticker at the low tier schools. A local expensive (list price) college sent my son an actual tiered price chart by SAT score. Sticker price means nothing. Stoptothink, your “dangerous” comment is just over the top. Hurricanes, earthquakes and drunk driving are dangerous. Your perceptio...
by beyou
Mon May 06, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

stoptothink, My family member earned 7 figures in salary and bonus. He got his undergraduate degree in accounting from UT at Austin. He earned his MBA from the University of Chicago. KlangFool One can always find examples to support anything, yes many without a college degree are successful (Gates,...
by beyou
Mon May 06, 2019 5:50 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4188

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

OP seems to have checked out. If you are still there, what career and source of pension do you anticipate ? I would assume worst case and not count the pension. You may at your age want to have a small bond exposure, 20 or 30 % I have in my career had 2 pension plans closed and liquidated by private...
by beyou
Sun May 05, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

Nobody pays sticker at the low tier schools. A local expensive (list price) college sent my son an actual tiered price chart by SAT score. Sticker price means nothing. Stoptothink, your “dangerous” comment is just over the top. Hurricanes, earthquakes and drunk driving are dangerous. Your perception...
by beyou
Sun May 05, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

You get what you pay for , or the fin aid office pays for, if you can’t afford to pay. Arguing it is not “worth it” is like arguing that your Kia is just as good as a Lexus. You may be able to get to the supermarket in your Kia, but they are NOT the same, and some people find a Lexus worth it. Ther...
by beyou
Sun May 05, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

Son 1 transfered from one of our highly regarded public schools to an Ivy. The peers were 100% better influence and competition at the Ivy. The professors were top academics in their field at the Ivy, part time adjuncts who could not answer simple questions at the public school. Extra curricular opp...
by beyou
Sun May 05, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

I paid the full "advertised rate" at Harvard for my daughter. My son attended Vanderbilt University on full tuition scholarship (merit based). I only paid for room and board. This turned out to be cheaper than the instate premier school. Please dispute this with me but if a kid can go to an Ivy Lea...
by beyou
Sun May 05, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

Is a Porsche or Mercedes “worth it” ? We all make our choices where to splurge on what we feel is “worth it”. I chose education, not a car or fancy vacations. If you cant afford ANY luxuries, no harm, life can be great anyway. I would not sacrifice having food on the table for Harvard, but then agai...
by beyou
Sun May 05, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11565

Re: Just Bought an Annuity

I have found that relying on "common sense" in lieu of actual legal references can get folks in trouble.....quickly!! :P You can waste time/money hiring a lawyer if you want, will enrich others and make me happy. And if i sent you some link to a site on the internet that would somehow make it accur...
by beyou
Sun May 05, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11565

Re: Just Bought an Annuity

If RMD is similar to annuity payments, I see no difference in asset protection. Do you have a source for this? A SPIA provides a guaranteed stream of income. RMD's do not. If the market tanks, an RMD can drop. Also, they aren't really "required," just heavily penalized if not withdrawn. I was respo...
by beyou
Sun May 05, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11565

Re: Just Bought an Annuity

If RMD is similar to annuity payments, I see no difference in asset protection. Do you have a source for this? A SPIA provides a guaranteed stream of income. RMD's do not. If the market tanks, an RMD can drop. Also, they aren't really "required," just heavily penalized if not withdrawn. I was respo...
by beyou
Sun May 05, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

I paid the full "advertised rate" at Harvard for my daughter. My son attended Vanderbilt University on full tuition scholarship (merit based). I only paid for room and board. This turned out to be cheaper than the instate premier school. Please dispute this with me but if a kid can go to an Ivy Lea...
by beyou
Sun May 05, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

I paid the full "advertised rate" at Harvard for my daughter. My son attended Vanderbilt University on full tuition scholarship (merit based). I only paid for room and board. This turned out to be cheaper than the instate premier school. This anecdote fits what I have heard from others. Vandy and m...
by beyou
Sun May 05, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 6005

Re: College/life prep for young kids

Dealing with other people’s kids that are disruptive is a difficult task. You need to be demanding that “something is done” but do not expect they will or can share exactly what will be done. This is confidential. But if it appears nothing is being done, you must demand some indication that there is...
by beyou
Sun May 05, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11565

Re: Just Bought an Annuity

If RMD is similar to annuity payments, I see no difference in asset protection.

Maybe if you compare to Roth IRA, where no RMD is needed, then Roth IRA is better protected than an annuity, but TIRA would be similar in asset protection loss over time.
by beyou
Sat May 04, 2019 11:28 pm
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 16
Views: 2232

Re: Muni MM Closing in on Prime MM

I moved from US Tsy to NY muni.
The rates move quickly so if this matters so much to you, check regularly.
Personally I decided to make less portfolio moves until there are life events (such as retirement where maybe munis make little sense at a lower tax bracket).
by beyou
Sat May 04, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10905

Re: College Expenses

No the private schools are not a scam. The "discounts" are for kids they really want. Based on MERIT, some schools will give large scholarships to top applicants, less to good but not top students, and nothing to borderline students. Comes down to whether your kid goes to the best school for this gr...
by beyou
Sat May 04, 2019 3:16 pm
Forum: Investing - Theory, News & General
Topic: Can muni funds fail like MBSes?
Replies: 6
Views: 612

Re: Can muni funds fail like MBSes?

There are rarely some defaults of some types of munis. But most issuers having taxing authority and therefore able to raise funds to pay their debts.

Companies that insured muni bonds made a fortune due to minimal defaults, until they insured mbs/abs bonds too, ans lost a fortune.
by beyou
Sat May 04, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 6005

Re: College/life prep for young kids

Having 2 kids in their early 20s now, I can say that they are less predictable than the stock market. My only advice is to help them explore areas of interest (their interest, not yours), and get them help where they struggle as early as possible. I see my eldest struggling in some areas that were i...
by beyou
Sat May 04, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2198

Re: Rotational Program at MegaCorp for college grad hires

Talent is ALWAYS in short supply in any corporation, and all managers (and HR) want to grab and retain talent ASAP. Promotions will come despite scheming and plotting an own career path, not because of them. I agree with most of the comments to follow the rotation as intended (if one already signed...
by beyou
Sat May 04, 2019 6:37 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4087

Re: Vanguard Free/Zero Funds

It is not the cost of one product that matters to me, but the total picture. My low cost admiral bond funds (state muni, inflation) are not available as zero fee funds. I dont want to split my account, for convenience sake. As a Flagship client I get a dedicated CSR who is helpful in the rare times ...
by beyou
Fri May 03, 2019 10:12 pm
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2198

Re: Rotational Program at MegaCorp for college grad hires

Often the salary is paid by an HR-like central college recruiting program, not the manager during the 6 month rotation. He who has the gold makes the rules.
by beyou
Fri May 03, 2019 4:11 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 5893

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

I'm sort of embarrassed to say this, but I have no idea how much I actually spend in each year. All I know is I make $60k a year and save about 25% of my gross income. I can't be overspending because im not racking up credit card debt or taking out lines of credit or anything like that. I guess tha...
by beyou
Fri May 03, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: college kid and health insurance
Replies: 20
Views: 719

Re: college kid and health insurance

Same situation here – silver plan ACA, oldest kid went OOS. Did not want to pay expensive HI provided by college. What we did was call our ACA insurer and asked specifically what the coverage would be OOS for our kid and what the claim process would look like if something happens (went over several...
by beyou
Fri May 03, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: college kid and health insurance
Replies: 20
Views: 719

Re: college kid and health insurance

Is your student going to an OOS state uni ? Most private colleges that have national and international student bodies offer or even require you buy their policy, and from the 2 colleges my kids attended, they were excellent national plans. I was lucky to have a national employer plan as well, so I h...
by beyou
Thu May 02, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for an open position (with a twist)
Replies: 12
Views: 1377

Re: Applying for an open position (with a twist)

What is the reason for the delay ? Are you a new employee ? Or are they saving the advance opportunity for someone else ? Good questions. The reason for the delay is that my employer requires 12 month tenure in a position before becoming eligible to apply for other roles. I am a couple of weeks fro...
by beyou
Thu May 02, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for an open position (with a twist)
Replies: 12
Views: 1377

Re: Applying for an open position (with a twist)

What is the reason for the delay ?
Are you a new employee ?
Or are they saving the advance opportunity for someone else ?