Search found 1940 matches

by Bfwolf
Sun Nov 10, 2019 5:49 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7805

Re: Saving seats on Southwest

rkhusky wrote:
Sun Nov 10, 2019 5:39 pm
How about the couples that choose the two aisle seats across from each other, hogging both 3 seat groups?
What's wrong with that? It's open seating. If they both like aisles, they should do exactly this.
by Bfwolf
Wed Nov 06, 2019 12:23 am
Forum: Personal Investments
Topic: Help me negotiate a lump sum payout.
Replies: 11
Views: 1300

Re: Help me negotiate a lump sum payout.

Yeah I guess I am not seeing why you are interested in the lump sum. Let's say you negotiate them from 65% of the value of the annuity to 80%. Would you take the lump sum at that point? Wouldn't you rather the more valuable annuity? They're never going to offer you close to 100% of the value.
by Bfwolf
Wed Nov 06, 2019 12:14 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16682

Re: Will we be OK at 3% WR?

I would be more than comfortable with 3%. I'd probably be comfortable in the 3.25% to 3.5% range. 2.2% is far too conservative IMO.

Are you going to be receiving Social Security someday? That would give you an even larger buffer.
by Bfwolf
Tue Nov 05, 2019 8:09 pm
Forum: Personal Investments
Topic: What's the Best Investment in Your Opinion?
Replies: 23
Views: 2307

Re: What's the Best Investment in Your Opinion?

As you might imagine, people are not going to be thrilled to answer your questions when you ignored responses to the same question 5 years ago. But you can get great advice on this forum--here's what you need to do to win back everybody's trust. 1) Learn a little bit about the Bogleheads investment ...
by Bfwolf
Sun Nov 03, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11579

Re: New Job, Depressed, Money issues

I think your (new) approach is correct. Forget about the other job offers and focus on the job you have, learning the skills you need in any way possible. And definitely talk to your therapist as often as necessary. When you're going through hell, keep going! Perhaps you could make a commitment to y...
by Bfwolf
Sat Nov 02, 2019 11:50 pm
Forum: Investing - Theory, News & General
Topic: When someone says “X is a $120 million dollar company” what does that mean?
Replies: 20
Views: 2277

Re: When someone says “X is a $120 million dollar company” what does that mean?

Depends on context. Market cap is popular. “Enterprise Value” is also common. This would be market cap + debt + a few other adjustments. After all, market cap can be adjusted by either issuing new shares or doing a stock buy back. However enterprise value should not change with these actions. Can m...
by Bfwolf
Thu Oct 31, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1117

Re: Help me decide on HSA

The HDHP option will be superior in the vast majority of use cases. Assuming you are already maxing out your 401k and backdoor Roth (and possibly even if you aren't), you should max out the HSA. Yes, I am maxing out 401K and Roth. But no contributions to 529. I would certainly prioritize your HSA o...
by Bfwolf
Thu Oct 31, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide on HSA
Replies: 21
Views: 1117

Re: Help me decide on HSA

The HDHP option will be superior in the vast majority of use cases.

Assuming you are already maxing out your 401k and backdoor Roth (and possibly even if you aren't), you should max out the HSA.
by Bfwolf
Wed Oct 30, 2019 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10545

Re: Apple Pay. Does anyone use it?

I have only been using it for situations where I would have to carry an extra card that's not a credit card if I didn't use it: on the Chicago L and on the London Underground. This has been nice because I have my Citi Thank You Premier as my Apple Pay credit card and I get 3x on travel on it. The ph...
by Bfwolf
Fri Oct 18, 2019 12:45 pm
Forum: Personal Investments
Topic: To retire or not to retire,,,,
Replies: 19
Views: 3470

Re: To retire or not to retire,,,,

OP, when updating your information, it's really important to get a clear picture of what your Social Security benefits will look like. If you create an account at https://www.ssa.gov/site/signin/en/ you can get some information about what your benefits will be. The problem is they will show you what...
by Bfwolf
Tue Oct 01, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: Uber in foreign countries
Replies: 25
Views: 1685

Re: Uber in foreign countries

As a denizen of Chicago, I am certainly a lover of rideshare apps like Uber. Versus taxis, it's cheaper, the service is MUCH better, and I feel like it's a safer situation because of the tracking and the user rating system. Many taxi drivers drive like maniacs, and I often felt like I was taking my ...
by Bfwolf
Mon Sep 23, 2019 12:10 am
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10565

Re: I am being asked to retire. Am I ready?

I agree with WC Investor. 4 million dollars times 3.5% is 140,000 dollars a year. When money starts being taken out of retirement plans, you ll be looking at 10,000-15,000 dollars in yearly taxes (rough guesstimate). I don t think this is quite as comfortable as many posters indicate. You ll need t...
by Bfwolf
Tue Sep 10, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

I've simplified my strategy over time as many of the category bonuses i used to have dried up. I carry four credit cards and one fee-rebated debit/ATM cards (with a second one in reserve at home). - Amex Platinum: Delta SkyClub and PriorityPass Lounge access (I travel a lot for both business and pe...
by Bfwolf
Mon Sep 09, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

Now you can transfer to Avianca and there are no fuel charges passed through :sharebeer That's true, I forgot about Avianca. The watch-out with them is 2 fold: 1) Not all the availability you'd see with United or Aeroplan is at Avianca. 2) Their customer service is much worse than United or Aeropla...
by Bfwolf
Mon Sep 09, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

I want to replace our BofA Travel Rewards (I'm tired of their fraud detection. Burned me one too many times. I've tried working with them, but any time I have to buy something like limited number of concert tickets, I seem to get burned). Currently have Amex Blue Cash Preferred. Debating getting Co...
by Bfwolf
Wed Sep 04, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Filling out the 8606, misunderstanding terminology
Replies: 7
Views: 609

Re: Filling out the 8606, misunderstanding terminology

However, the 401k rollover will result in any conversion or distribution taken in the future being pro rated between your IRA basis and the total year end adjusted balance of all your non Roth IRA accounts. You would have been better off to delay the 401k rollover until the year after you converted...
by Bfwolf
Mon Sep 02, 2019 1:09 pm
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8880

Re: Best college towns in the Southeastern US for retirees?

Knoxville would be appealing to me due to its proximity to Smoky Mountain National Park.

It’s got a couple hundred thousand people so big enough to have its own airport.

Winters are chilly though.
by Bfwolf
Mon Sep 02, 2019 1:28 am
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 5857

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

Not selling or renting is a reasonable option. If you do want to consider the rent option, $50/month is not enough. You've already said that you think it would be undervalued for sale at $14,300. Well, $50/month is a 24x multiple to $14,300. i.e. a high multiple where the other person should prefer ...
by Bfwolf
Mon Aug 26, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13802

Re: out of network emergency visits. Huge bill!!!

What is the basis for the insurance company denying the claim? Are they saying it wasn’t a true emergency? As mentioned, the ACA requires emergencies to be covered regardless of whether the provider is in network.
by Bfwolf
Mon Aug 26, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Niagara Falls!
Replies: 32
Views: 2428

Re: Niagra Falls!

Cave of the Winds. Ride an elevator down. Don a yellow rubber poncho (provided). Walk under the falls. Very loud, very wet, very exciting. And very memorable: I was probably @7 when I visited, and it's still vivid in my head and fond in my heart (and I'm in my 60s). +1 Cave of the Winds is on the A...
by Bfwolf
Mon Aug 19, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Merits of a Selective School

That Kruger/Dale study had a big methodological flaw. They acknowledge that the existing literature shows that more selective schools lead to better returns but then they add in a weird screwy extra control variable for "student ambition" which nerfs the selectivity advantage and thus results in "H...
by Bfwolf
Mon Aug 19, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8588

Re: Are we financially okay?

takeabiteoflife wrote:
Mon Aug 19, 2019 4:23 pm
Despite being negative cash flow until DW finds a job, we would ideally prefer to continue maxing out my 401K and investing in 529 (maybe $1-2K/month) as part of putting more cash into stocks. Is that a bad idea?
It's a good idea. Do it!
by Bfwolf
Sun Aug 18, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8588

Re: Are we financially okay?

At your ages, a 3% withdrawal from your portfolio (inflation adjusted) is sustainable for a very long time. So that’s $60,000/year. I think you have mistakenly seen the OP's portfolio as having a value of $2,000,000. It's actually north of $4,000,000. A 3% withdrawal rate of that is $120,000 a year...
by Bfwolf
Sun Aug 18, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Selective Colleges

Elements of this conversation have focused on starting salaries after graduation which is a really weak metric to gauge the value of a degree. I’d find a study demonstrating salary progression by industry, by undergraduate institution to have much more value — though I’m not sure it exists. Perhaps...
by Bfwolf
Sun Aug 18, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Selective Colleges

Part of the trickiness with this whole process is trying to separate the parent's ego from what's best for the kid. Parent's don't want their kids to be rejected, both for its own sake, and because of what that suggests about the job you've done as a parent. And most of us want our kids to be "star...
by Bfwolf
Sun Aug 18, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Selective Colleges

[...] We hired a consultant but I am not certain how good she will turn out to be but at least add a bit of direction to the process. ... and we were hoping to use it quite a bit over the next year plus. May I ask why? Or more bluntly, why not let your child figure this out on their own? It doesn't...
by Bfwolf
Sun Aug 18, 2019 1:33 am
Forum: Personal Consumer Issues
Topic: Do you get value out of Clear (airport screening)?
Replies: 31
Views: 3402

Re: Do you get value out of Clear (airport screening)?

I'm not a frequent flyer but have had TSA precheck for 5 years or so....I must have used it a few dozen times. I can't remember any instance when I've waited more than 10 minutes to get to the front of the line. 95% of the time, the time to get through security including the screening itself is unde...
by Bfwolf
Sat Aug 17, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Merits of a Selective School

For anybody that would like to read the study referred to themselves, here is the link. https://www.nber.org/papers/w17159.pdf Looking through this now. Didn't realize they'd had a semi-recent update (2011). Their analysis is based on 2 cohorts, one for those who entered college in 1976, the other ...
by Bfwolf
Sat Aug 17, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Selective Colleges

“End goal of a successful childhood” or not, here are some fun facts: University of Illinois Urbana Champaign Most popular majors: Engineering (22%) Business, Management, Marketing, and Related Support Services (13%) Social Sciences (8%) Communication, Journalism, and Related Programs (7%) Agricult...
by Bfwolf
Sat Aug 17, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19382

Re: Merits of a Selective School

Merits of a Selective School: A common argument is that, for all the hassle and cost of getting into and going to a highly selective private, attending such a school (versus, say, an in-state flagship) doesn't really matter much in the long run. i.e. The kid who got into Harvard, but attended Ohio ...
by Bfwolf
Sat Aug 17, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: Where should we go for a week in November?
Replies: 18
Views: 1364

Re: Where should we go for a week in November?

For me, those destinations are pretty far and a lot of jet lag for 8 days, but not impossible. I've been to Sydney, not to NZ. Sydney is a lovely city but I'd agree with the poster who says it doesn't seem very "foreign." Have you considered Belize? 8 days is the perfect length of time to do a trip ...
by Bfwolf
Tue Aug 13, 2019 7:02 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19485

Re: Laid Off - Want to Retire / Am I OK

BGeste wrote:
Tue Aug 13, 2019 5:25 pm
Thanks. My wife wants me to retire completely and give up searching for a new job! Her plan is for us to travel more and relax.
Smart woman! I recommend following her advice.

Any good ideas for a first trip in your well-deserved retirement?
by Bfwolf
Sun Aug 11, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Advice on short Vietnam visit
Replies: 30
Views: 2391

Re: Advice on short Vietnam visit

If you go to Hanoi, I recommend the Hanoi Street Food Walking tour.

https://www.hanoistreetfoodtour.com/
by Bfwolf
Sun Aug 11, 2019 1:09 am
Forum: Personal Consumer Issues
Topic: Experience with “change airport” itinerary(LGA to JFK)?
Replies: 33
Views: 2149

Re: Experience with “change airport” itinerary(LGA to JFK)?

While a bit of a pain, if the savings are significant, go for it. Don’t let the worry warts scare you away. 4.5 hours is an eternity. What’s the worst case scenario for travel between the 2 airports? 1.5 hours? So if you’d accept a 3 hour layover at a single airport, 4.5 for both will be fine. You ...
by Bfwolf
Sun Aug 11, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

I feel like the Citi Premier card is the most compelling card overall from my list. Normally I would get that one first. However, both of the hotel card offers are time-limited, which makes me think maybe I should get one (or both?) before moving on to Citi. I decided it would make sense for my fia...
by Bfwolf
Sat Aug 10, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3449

Re: Trail running shoes for light hiking

I think you’re best off going into the store and just trying a bunch. This sort of thing is super personal. I have some Brooks Caldera trail runners that I use for hiking and I love them. But they’re definitely maximalist shoes with lots of cushioning. If you like the minimalist feel, you’d hate the...
by Bfwolf
Sat Aug 10, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Experience with “change airport” itinerary(LGA to JFK)?
Replies: 33
Views: 2149

Re: Experience with “change airport” itinerary(LGA to JFK)?

While a bit of a pain, if the savings are significant, go for it. Don’t let the worry warts scare you away. 4.5 hours is an eternity. What’s the worst case scenario for travel between the 2 airports? 1.5 hours? So if you’d accept a 3 hour layover at a single airport, 4.5 for both will be fine. You c...
by Bfwolf
Sat Aug 10, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 116
Views: 16240

Re: How do you afford to travel?

It is not an option I can utilize like some seem to do.. 0ur spending for two annually is 44k. If I charge everything I spend money on in an entire year, what have got? I am presently sitting on close to 100k miles because I got a CC for the 50k bonus. What's that to get me? Maybe two trips to Cent...
by Bfwolf
Sat Aug 10, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

Currently pondering which card to apply for next. I currently have: Citi Dividend, Citi ThankYou Preferred, Chase Freedom, Elan Fidelity 529, Discover It, Wells Fargo Rewards Visa, AMEX Blue Cash Everyday, Capital One, Chase Hyatt, Barclays Aviator Red, US Bank Club Carlson, BofA Cash Rewards, Citi...
by Bfwolf
Wed Aug 07, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: Why buy sovereign bonds with a negative yield?
Replies: 94
Views: 6894

Re: Why buy sovereign bonds with a negitave yeald?

Why would somebody (institutional or otherwise) buy a Swiss bond with a negative return instead of an US govt bond with a positive return?
by Bfwolf
Mon Aug 05, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

I'm curious about the best methods to use rewards points once earned - i.e., what are some of the best values? As background, we have about 600k Chase reward points, and I'd like to use them for a multi-week vacation sometime in the next couple years. Are they best used through the Chase portal? On...
by Bfwolf
Sun Aug 04, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789374

Re: What's Your Credit Card Rewards Strategy?

Yeah I've been at LOL/24 for a while now and after getting enough rejections, I've decided to just cool it on the personal cards and get under 5/24.
by Bfwolf
Sun Aug 04, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5384

Re: Only 33 years work history / Social Security:

The answer is no. Nobody who has already met the minimal requirements for Social Security should work an additional 2 years at minimum wage just to fill up their work history to 35 years. No matter where you are on the curve, your actual earnings at the minimum wage job will outstrip the additional ...
by Bfwolf
Sun Jul 28, 2019 12:15 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 10188

Re: DAF for church offering?

I also find the use of DAFs puzzling. They add complexity and cost, and the charity would rather have all the money now than receive it over time. I've only been able to come up with 3 reasons for using them: 1) The giver wants the tax deduction now but hasn't decided which charities to give to, or...
by Bfwolf
Sat Jul 27, 2019 11:31 pm
Forum: Personal Investments
Topic: Would you roll Old 401K to tIRA = no more Backdoor Roth
Replies: 7
Views: 918

Re: Would you roll Old 401K to tIRA = no more Backdoor Roth

what exactly is the worth of a backdoor Roth? POF calculates it as a tax savings of about $30- $50 for each spouse. Here are his posts on the subject: . By tucking away $6,000 in a Roth account rather than a taxable account, you can save about 0.5% of $6,000 annually, or about $30 per year in taxes...
by Bfwolf
Sat Jul 27, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 10188

Re: DAF for church offering?

I also find the use of DAFs puzzling. They add complexity and cost, and the charity would rather have all the money now than receive it over time. I've only been able to come up with 3 reasons for using them: 1) The giver wants the tax deduction now but hasn't decided which charities to give to, or...
by Bfwolf
Sat Jul 27, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 10188

Re: DAF for church offering? [Donor Advised Fund]

"1) The giver wants the tax deduction now but hasn't decided which charities to give to, or in which proportions. So the DAF gives her time to figure that out." 1) The giver wants the benefit of tax deduction now during higher income years and gift the money at a later date as when their income is ...
by Bfwolf
Sat Jul 27, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 10188

Re: DAF for church offering?

Why not just do a single donation a year and let the church manage the monthly budgeting out of the cash flow? Way less admin for you. Most folks donate to their church 52 times a year via the offering plate. I have EFT transfers twice a month. Churches depend on regular offerings, supplemented by ...
by Bfwolf
Thu Jul 25, 2019 8:30 pm
Forum: Personal Investments
Topic: Update from when you helped this physician newbie
Replies: 72
Views: 8917

Re: Update from when you helped this physician newbie

behindthetimes, I'm very impressed by your diligence in committing to an action plan. You have no idea how rare it is to see that on this forum. That alone suggests a positive outcome is likely. You've gotten a lot of good advice (if harshly said at times), but one thing I might add is this: Necessi...
by Bfwolf
Thu Jul 25, 2019 7:23 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19485

Re: Laid Off - Want to Retire / Am I OK

Yes, you can probably afford to retire now. Probably? $6MM and only probably? Assuming zero growth/downturn he can withdraw $16,666 a month or $200K a year for the next 30 years. That's if it stays flat. At even nominal growth OP can do better than that. It baffles me when someone with $6MM in asse...