Search found 8718 matches

by TomatoTomahto
Tue Jul 16, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 63
Views: 2845

Re: College cost prediction and savings for 5, 3, and newborn

There is a huge uncertainty in all three of these: General Sticker-price cost of university education Assistance you gain from merit or need-based aid Which school your children will attend Also; If all your kids will even go to college. If they will go for a year or two then drop out. People somet...
by TomatoTomahto
Tue Jul 16, 2019 1:39 pm
Forum: Forum Issues and Administration
Topic: Suggestion: Approx. or ca. rather than tilde ~
Replies: 12
Views: 598

Re: Suggestion: Approx. or ca. rather than tilde ~

Quit trying to read anything substantive on your phone. It's good for texting, etc., but not reading websites that are anything other than fluff. Kudos to you for even trying though. You’re probably right, but my iPad is clunky and my PC is in a room I’m seldom in. ^ Typed on my iPhone :D :oops: Ap...
by TomatoTomahto
Tue Jul 16, 2019 1:12 pm
Forum: Forum Issues and Administration
Topic: Suggestion: Approx. or ca. rather than tilde ~
Replies: 12
Views: 598

Re: Suggestion: Approx. or ca. rather than tilde ~

Quit trying to read anything substantive on your phone. It's good for texting, etc., but not reading websites that are anything other than fluff. Kudos to you for even trying though. You’re probably right, but my iPad is clunky and my PC is in a room I’m seldom in. ^ Typed on my iPhone :D :oops:
by TomatoTomahto
Tue Jul 16, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 434
Views: 34232

Re: Talk me out of buying a Tesla Model 3

Went to a wedding recently. The bride's parents had just bought a new Tesla Mod 3. Her extended family was all over the dance floor, draining the kegs, having a good time. The groom's parents (related to us) had just bought a 4-year old Prius with low miles. His extended family, much smaller, were ...
by TomatoTomahto
Tue Jul 16, 2019 8:51 am
Forum: Forum Issues and Administration
Topic: Suggestion: Approx. or ca. rather than tilde ~
Replies: 12
Views: 598

Re: Suggestion: Approx. or ca. rather than tilde ~

jebmke wrote:
Tue Jul 16, 2019 8:43 am
or reading glasses - that works for me. I buy them in boxes of 3 pairs for ~ $10.
I use Eyekeppers from Amazon also :D

A dozen throughout the house.
by TomatoTomahto
Tue Jul 16, 2019 8:49 am
Forum: Forum Issues and Administration
Topic: Suggestion: Approx. or ca. rather than tilde ~
Replies: 12
Views: 598

Re: Suggestion: Approx. or ca. rather than tilde ~

livesoft wrote:
Tue Jul 16, 2019 8:41 am
When are you going to turn in your drivers license and stop driving?
When they make cars that are smaller than a couple minutes of arc. Ditto pedestrians.
by TomatoTomahto
Tue Jul 16, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 63
Views: 2845

Re: College cost prediction and savings for 5, 3, and newborn

I expect 6% inflation yearly at least, and 8% inflation rate at worst, for college expenses. Take the current in state tuition at the flagship state university, and quadruple it (at an average 7%, the cost doubles every 10 years). That is the amount of money you will need when your child hits 18 ye...
by TomatoTomahto
Tue Jul 16, 2019 7:04 am
Forum: Forum Issues and Administration
Topic: Suggestion: Approx. or ca. rather than tilde ~
Replies: 12
Views: 598

Suggestion: Approx. or ca. rather than tilde ~

Here’s a suggestion that I will try to also do: let’s use “approx.” or “approximately” or “ca.” to indicate approximation rather than a tilde (~). I’m old, and my phone screen is small, and I hate to squint to see if ~100 means negative 100 or approximately 100.
by TomatoTomahto
Tue Jul 16, 2019 6:40 am
Forum: Forum Issues and Administration
Topic: Length Limit on Quotes
Replies: 16
Views: 1183

Re: Length Limit on Quotes

I also post on FlyerTalk and they have a “multi quote” and “quote” option. Multiquote acts similar to quote here—it takes the entire message you are quoting and adds it to your reply. Quote only takes newly typed information into the reply. This eliminates posts having more than 1 level of quotes u...
by TomatoTomahto
Mon Jul 15, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1302

Re: Children's Savings Account & FAFSA

Figure out ways to help your kids excel academically. With 3 of my kids, they could have had considerable financial aid if they attended schools a couple of notches below the schools they were accepted at. In our case, we preferred that they attend the “full pay” school, but that’s up to the family....
by TomatoTomahto
Sun Jul 14, 2019 12:23 pm
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 40
Views: 1965

Re: ORP and RPM recommend large mega Roth's from IRA

$5M in pre-tax? Really? I’d love to know how. It’s not that difficult with two getting paychecks and a bit of luck. Which doesn’t answer the question at all. I think it answers it quite well. My wife is still contributing, and she will have more than $2.5M by the time she retires. If I had been wor...
by TomatoTomahto
Sun Jul 14, 2019 9:18 am
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 40
Views: 1965

Re: ORP and RPM recommend large mega Roth's from IRA

Bacchus01 wrote:
Sat Jul 13, 2019 6:13 pm
$5M in pre-tax? Really? I’d love to know how.
It’s not that difficult with two getting paychecks and a bit of luck.
by TomatoTomahto
Sun Jul 14, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 67
Views: 3314

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

The "standard" care directives are sorely lacking. I've had family and relatives fall through the loopholes. Thus, I'm meeting with legal counsel later this year to hammer out a good one as an addendum to my trust. As "Care Directives" are borderline "Medical Advice" there's no allowance for it on ...
by TomatoTomahto
Sat Jul 13, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Add a second job? Trader Joes, Home depot, ???
Replies: 38
Views: 4689

Re: Add a second job? Trader Joes, Home depot, ???

I have heard great things about Trader Joe’s from current and previous employees. They are demanding, but apparently very fair.
by TomatoTomahto
Sat Jul 13, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 67
Views: 3314

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

This topic is frequently discussed without, to my knowledge, a description of what monthly ALF costs are in LCOL, MCOL, HCOL, and VHCOL areas. What, for example, would a first rate facility near Boston cost monthly? This was posted earlier: https://www.genworth.com/aging-and-you/finances/cost-of-ca...
by TomatoTomahto
Sat Jul 13, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 67
Views: 3314

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

This topic is frequently discussed without, to my knowledge, a description of what monthly ALF costs are in LCOL, MCOL, HCOL, and VHCOL areas.

What, for example, would a first rate facility near Boston cost monthly?
by TomatoTomahto
Sat Jul 13, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1452

Re: How much homeowners insurance?

Old houses shouldn't be that much more expensive to rebuild than new houses. The rebuild will have to be code compliant regardless of whether the insured home was. Similarly, I am not sure how much 'not cookie cutter' really matters Have you priced a slate roof or copper gutters lately? It can make...
by TomatoTomahto
Sat Jul 13, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: Tax cost stopping move to indexing
Replies: 68
Views: 3064

Re: Tax cost stopping move to indexing

Nah, no particularly good advice. The kids will enjoy the step up.

Obviously, going forward use something that throws off lower amounts.
by TomatoTomahto
Sat Jul 13, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Can my brother afford his vacation?
Replies: 41
Views: 3610

Re: Can my brother afford his vacation?

My brother recently told me that he's taking his in-laws on a trip to Italy for their 50th anniversary. He was concerned because he wasn't sure that he could afford the $20k price tag. When I asked him what his financial situation was, he didn't share income and expenses, but he did tell me that he...
by TomatoTomahto
Sat Jul 13, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Can my brother afford his vacation?
Replies: 41
Views: 3610

Re: Can my brother afford his vacation?

When we had what your brother says he has and took an expensive vacation, we would wonder if we were being extravagant. That’s probably not unusual when you have come from limited means.

However, we did not discuss this beyond between husband and wife.
by TomatoTomahto
Sat Jul 13, 2019 4:57 am
Forum: Personal Investments
Topic: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds
Replies: 43
Views: 1991

Re: Why Shouldn't I Switch to Low Carbon/Fossil Fuel Free Index Funds

It sounds to me it's less about trying to squeeze out some alpha as it is about aligning one's portfolio with a deeply held worldview. Most Bogleheads don't follow pure EMH orthodoxy especially when it comes to choosing domestic/international split or whether to include REITs. And for all the techn...
by TomatoTomahto
Fri Jul 12, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a vehicle
Replies: 86
Views: 9764

Re: Paying cash for a vehicle

SQRT, MikeG, and others: I sometimes wish that this forum had a sub-forum the equivalent of an Amtrak Quiet Car for Consumer Issues. It, IMO, gets old to have the “more frugal than thou” dueling posts arrive the moment one discusses safety features, college and private school, housing, etc. I don’t ...
by TomatoTomahto
Fri Jul 12, 2019 6:18 am
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3830

Re: Why Is Cord Not Included?

And that is what makes horse races.
You say Tomato, I say Tomahto.
by TomatoTomahto
Thu Jul 11, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How Much Home Can I Afford?
Replies: 18
Views: 1491

Re: How Much Home Can I Afford?

35 + single = rent
by TomatoTomahto
Thu Jul 11, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 4689

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

I am “pretty darned comfortable” but not wealthy or ultra wealthy. Why would I want to invest like the ultra wealthy? Nobody claims that’s how they became ultra wealthy. It’s a bit like saying that the world’s best violinists play Stradivarius violins, so if I want to be a better violin player, I sh...
by TomatoTomahto
Thu Jul 11, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3830

Re: Why Is Cord Not Included?

Back when I worked for Digital Equipment (DEC), there was a saying that labels and cables made products late. Perhaps that's part of it. Make the end user get his own. OT, but that’s the one company I wish that I had worked for. Instead of yelling at kids to get off my lawn, I yell at young techies...
by TomatoTomahto
Thu Jul 11, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 272
Views: 25710

Re: Can I afford this 2.3 million dollar home?

SQRT wrote:Money is for spending (eventually).
It seems almost anti-BH to say it. I still can’t pull the trigger on business or first class, but I just spent a silly amount of money on things that matter to me. Silence is not only golden, it apparently requires gold to achieve :D
by TomatoTomahto
Thu Jul 11, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 272
Views: 25710

Re: Can I afford this 2.3 million dollar home?

Our house value at the end is roughly $2.3M on $2.8M cost. Just expect that $500k of lost value to be the cost of getting exactly what you want. That applies to renovations also, and probably belongs in a “What extravagant thing did you do that you don’t mind having done” thread. Examples: installe...
by TomatoTomahto
Wed Jul 10, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 272
Views: 25710

Re: Can I afford this 2.3 million dollar home?

It’s very difficult for most people to put themselves in someone else’s (who has much more) financial shoes. Just human nature. Imo, a few years ago, people either made the effort (from which I benefitted) or stayed out of the thread. I don’t know why it has changed, but I have restricted the exten...
by TomatoTomahto
Wed Jul 10, 2019 10:27 am
Forum: Personal Investments
Topic: New guy in need of opinion
Replies: 15
Views: 1467

Re: New guy in need of opinion

OP, you said it yourself
It was sold to me
WLI is sold, not bought.

I wouldn’t touch it with a barge pole. I doubt that it’s a wise choice for you.

What’s the matter with taxable? It isn’t painful to pay taxes on the roughly 2% Total Stock throws off. If that bothers you, buy Berkshire Hathaway.
by TomatoTomahto
Wed Jul 10, 2019 5:27 am
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17529

Re: How much should I have saved for retirement by age 40?

LFKB wrote:
Wed Jul 10, 2019 12:17 am
$43 million

If you have saved less, you are behind

Next question
Are you including home equity in that? I think it should be liquid assets.
by TomatoTomahto
Tue Jul 09, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Volunteer suggestions
Replies: 55
Views: 2541

Re: Volunteer suggestions

Last year, I saw a post on Nextdoor about firewood from the town forest that was available to locals (discount for seniors). I decided to call, and was talked into coming out to see what was involved in the work. What a blast! At 67, I'm the youngest, but by no means the most physically able. I'm cl...
by TomatoTomahto
Tue Jul 09, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: Volunteer suggestions
Replies: 55
Views: 2541

Re: Volunteer suggestions

With retirement on the horizon for me, I would love to hear what people here are doing to volunteer. So far I am planning a mission trip and doing Meals on Wheels. Please inspire me (us) with your good deeds. Thanks. About 5 years. Played and sang Hawaiian music solo or with a trio 1-2x/month. 1 ho...
by TomatoTomahto
Tue Jul 09, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Volunteer suggestions
Replies: 55
Views: 2541

Re: Volunteer suggestions

I am currently a literacy volunteer, in a program hosted by our public library. There are two tracks: one for teaching reading and writing to native speakers, and an ESOL* track for teaching English to speakers of other languages. I'm in the ESOL program. I received eighteen hours of training. You'...
by TomatoTomahto
Tue Jul 09, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: Approach to Insurance (Car, Home, etc)
Replies: 7
Views: 333

Re: Approach to Insurance (Car, Home, etc)

We do also. It’s funny how often people have lower deductibles on homeowners, but are then reluctant to file a claim for fear that it will raise their rates. We also self-insure for Long Term Care (LTCi). On another thread, posters (including me) have wished for policies that would have long exclus...
by TomatoTomahto
Tue Jul 09, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: Approach to Insurance (Car, Home, etc)
Replies: 7
Views: 333

Re: Approach to Insurance (Car, Home, etc)

We do also. It’s funny how often people have lower deductibles on homeowners, but are then reluctant to file a claim for fear that it will raise their rates. We also self-insure for Long Term Care (LTCi). On another thread, posters (including me) have wished for policies that would have long exclusi...
by TomatoTomahto
Tue Jul 09, 2019 6:53 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 434
Views: 34232

Re: Talk me out of buying a Tesla Model 3

Really, just getting in the car every day puts a grin on my face. OP here. This pretty much summarizes the entire experience. I sold a Porsche 997.2 to buy my Model 3. The Porsche NEVER made me smile like the Tesla does. Yeah, that pretty much summarizes my experience, too. I took my BMW out for a ...
by TomatoTomahto
Tue Jul 09, 2019 4:58 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 15825

Re: what was your worst major purchase? mine is a 2019 mazda3

Follow up for anyone interested. I made the trip Saturday and got a great tour of the lighthouse. It has 3 bedrooms, 1 full bath, living room, kitchen, laundry room, basement with an extra bedroom, and a crow's nest outside surrounding the light. The owner is a super nice lady from Virginia. She co...
by TomatoTomahto
Mon Jul 08, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17529

Re: How much should I have saved for retirement by age 40?

It all worked out. Saving a lot and LBYM works well, although by comparison to many BHs, we are spendthrifts. The word "spendthrift" always trips me off. I know what "spend" means. I know what "thrift" means. I just can not get over the fact that "spendthrift" means somebody who is NOT thrifty when...
by TomatoTomahto
Mon Jul 08, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4553

Re: How warm to set thermostat while away

We don't like cycling the entire house and contents across wide bands of temperature and humidity unnecessarily so we just set the thermostat and leave it alone all year. We are in Texas, so hot as hell in summer and humid most of the time. Electricity costs us about $70/mo average so not real moti...
by TomatoTomahto
Mon Jul 08, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 3916

Re: Is Grass-fed milk worth it?

Here's the problem with questioning everything we're told about nutrition. I'm going to question what YOU tell me about nutrition too. Here’s the thing. If you “follow the money,” that often tells you when science has been corrupted. I personally believe little that the soy and corn industry push. ...
by TomatoTomahto
Mon Jul 08, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Parent giving us money to pay off mortgage
Replies: 17
Views: 2830

Re: Parent giving us money to pay off mortgage

But that's just a more complicated variation on gifting them $15k(Or $30k combined) each year until they pay off the loan. In this scenario, you have to deal with interest income repor
I had the sense that the mom wanted to pay it off in one fell swoop, but I agree with you.
by TomatoTomahto
Mon Jul 08, 2019 5:56 am
Forum: Personal Consumer Issues
Topic: Parent giving us money to pay off mortgage
Replies: 17
Views: 2830

Re: Parent giving us money to pay off mortgage

another option is to 'borrow' the $100k from your mom to pay off your mortgage. Draft up a simple IOU for $100k at the applicable AFR, and you can pay her monthly. By using the AFR, you avoid inputed income issues. https://www.investopedia.com/terms/a/applicablefederalrate.asp Can you clarify why y...
by TomatoTomahto
Mon Jul 08, 2019 5:53 am
Forum: Personal Consumer Issues
Topic: Parent giving us money to pay off mortgage
Replies: 17
Views: 2830

Re: Parent giving us money to pay off mortgage

Do you have any kids? If so, and this is a question, couldn't she gift them money as well to get around the gift tax issue? You mean so she can avoid tax on the portion of her estate that exceeds 5.5 million? Depends on where she lives. Lifetime exclusion is much lower in some states. Laws also cha...
by TomatoTomahto
Mon Jul 08, 2019 5:49 am
Forum: Personal Investments
Topic: Is my Asset Allocation too complicated and sub-optimal ??
Replies: 13
Views: 982

Re: Is my Asset Allocation too complicated and sub-optimal ??

Yes, I think it’s too complicated. Do a 3-fund Portfolio and spend some time with your 12-year old.
by TomatoTomahto
Sun Jul 07, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 3916

Re: Is Grass milk worth it?

I don’t drink milk. My wife had not been a milk drinker, other than a splash in her coffee, until we moved and found a source of local pastured cow’s milk. She had a sip in her coffee, tried it in a glass, and is now a full-time milk drinker. IMO, there are more healthful things to drink (I’m a big ...
by TomatoTomahto
Sun Jul 07, 2019 3:15 pm
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3314

Re: 6M retirement asset allocation and tax advice

Question for you all: I currently have ~$1M in unrealized capital gains basis/tax liability on the taxable side. Which should be my priority in early retirement: 1. Filling the lowest tax brackets with tax gain harvesting/basis reset from the taxible side? or 2. Filling the lowest tax brackets with...
by TomatoTomahto
Sun Jul 07, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Hybrid Water Heater
Replies: 22
Views: 1423

Re: Hybrid Water Heater

Bytenny, not sure how thick your wall is, but some window AC are not suitable for in wall use. They overheat from lack of ventilation and don’t last long. And, of course, in wall AC are more expensive :oops:
by TomatoTomahto
Sun Jul 07, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Motion blur with new TV while watching sports
Replies: 24
Views: 1855

Re: Motion blur with new TV while watching sports

I tried putting judder reduction to 10 and turning on LED clear motion on and that may have helped a bit. Judder reduction shouldn’t have any effect. It applies, usually, to a choppiness caused by converting 24fps film to 60Hz video. Since 60 is not an even multiple of 24, 1 frame is shown twice, t...
by TomatoTomahto
Sun Jul 07, 2019 1:31 pm
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3314

Re: 6M retirement asset allocation and tax advice

Just my opinion, others will have a more complicated method. Put $3M in Fixed income in tax deferred. Put everything else in a mix of Total Stock or Total World Stock or Total International Stock depending on your preferences. Easy Peasy. ETA: I see you have $2M in tax deferred space. Fill it with ...