Search found 335 matches

by chipperd
Tue Nov 06, 2018 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Save tuition money or fund 401(k)?
Replies: 10
Views: 893

Re: Save tuition money or fund 401(k)?

Probably time for your son to start job shopping for an employer who will pay for grad school
by chipperd
Sun Nov 04, 2018 6:05 am
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8412

Re: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]

I don't understand the why those who don't agree with the FIRE movement (most of whom have a dog in that belief system: ie: Suze), need imply a psychological problem. Live and let live the way I want to live in the face of consumerism is the basic FIRE premise. Why the need to pathologize? I don’t ...
by chipperd
Sun Nov 04, 2018 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7543

Re: Who should I believe?

here in the US there is home bias. but we are also the best, and largest economy. Best economy? Depends upon your measures/criteria. It didn't say best economy. It said largest economy;) Though that sort of depends on your measuring stick. China has passed the US in a couple of measures and will pr...
by chipperd
Sun Nov 04, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8412

Re: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]

I don't understand the why those who don't agree with the FIRE movement (most of whom have a dog in that belief system: ie: Suze), need imply a psychological problem. Live and let live the way I want to live in the face of consumerism is the basic FIRE premise. Why the need to pathologize?
by chipperd
Wed Oct 31, 2018 4:35 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7543

Re: Who should I believe?

PFInterest wrote:
Sat Oct 27, 2018 10:15 am
here in the US there is home bias.
but we are also the best, and largest economy.
Best economy? Depends upon your measures/criteria.
by chipperd
Tue Oct 23, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

NPC definition? Net Price Calculator. Net Price is the amount that a student pays to attend an institution in a single academic year AFTER subtracting scholarships and grants the student receives. Scholarships and grants are forms of financial aid that a student does not have to pay back. Most scho...
by chipperd
Tue Oct 23, 2018 3:44 am
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

Update on this idea since actual numbers have come in. My work schedule was reduced; one day per week eliminated which translates to 10k less income in 2018 and 20k income less in 2019. Child #2, who is going D3 for track (no athletic scholarships) at LAC. Early academic read over the summer said sh...
by chipperd
Sun Oct 21, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6030

Re: Pull kids from school for vacations?

Wow. Interesting and forceful arguments being made here on this topic. An education takes place in both formal and informal settings. Some of the most intense education takes place in an immersion setting. Example: we saved for a decade and took our kids to Europe for a month over summer break where...
by chipperd
Sat Oct 20, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6030

Re: Pull kids from school for vacations?

Do it. My wife and I both work in public schools. We have only done this a couple times to expose our three kids to special events on vacations (bare boat charter a couple times, hired a marine biologist for a day once) due to the dramatic cost savings going a bit earlier before that April break. Sc...
by chipperd
Mon Oct 15, 2018 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5845

Re: Have you annuitized some of your money?

I have been playing around with the idea of a 15 year annuity to bridge the gap between 52 to 67 as part of a FIRE plan. The annuity would run out and SS would start up to take the place of the monthly annuity income at age 67. Anyone consider this and have thoughts? Also, in comparing annuities, w...
by chipperd
Sun Oct 14, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5845

Re: Have you annuitized some of your money?

I have been playing around with the idea of a 15 year annuity to bridge the gap between 52 to 67 as part of a FIRE plan. The annuity would run out and SS would start up to take the place of the monthly annuity income at age 67. Anyone consider this and have thoughts? Also, in comparing annuities, wh...
by chipperd
Sat Sep 22, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 156
Views: 12713

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Congrats on your decision. I only wish mine was as clear cut. Best of luck in your new lifestyle.
by chipperd
Tue Sep 18, 2018 4:48 am
Forum: Personal Consumer Issues
Topic: Minivan for family of 4.
Replies: 34
Views: 2986

Re: Minivan for family of 4.

Thanks everyone for the great advice and input. I will look at other options that are allowed on carpool as a single-occupant (CA). The goal is to get a PHEV with good mpg and also decent cargo space, thats why I though about the Pacifica, but after reading some replies I might fare better with a s...
by chipperd
Sun Sep 16, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 156
Views: 12713

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP: I certainly appreciate your concerns regarding unknown future needs of teens with special needs. In my line of work I work with adolescents and young adults with special needs. Perhaps contacting your state agency to find out projected costs? Or maybe there is some kind of health care insurance ...
by chipperd
Sun Sep 16, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 156
Views: 12713

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP: By my math, and it's a bit rough given you work even more hours some weekends, you are putting in an average of well over 92-94 hours per week. Not sure about commute time that would be added to that. Safe to say this isn't living. You are existing to serve others needs. Have you figured out how...
by chipperd
Sat Sep 15, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: When to Tap Into SS
Replies: 14
Views: 1723

Re: When to Tap Into SS

You might find this useful: https://opensocialsecurity.com/ The creator of this calculator, Oblivious Investor, often posts in this forum. Brad I used this calc and it stated that my retirement benefits at FRAwill be much lower relative to the benefit on my statement at FRA. Any idea why? The calcu...
by chipperd
Fri Sep 14, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: current EFC calculator. accurate?
Replies: 4
Views: 298

Re: current EFC calculator. accurate?

Thanks for the feedback. I assumed that EFC stands for Expected Family Contribution and therefore the number would be for the family, not the individual student. From what I am reading as feed back, this assumption is incorrect? If so, they really need to change the name to something like Expected F...
by chipperd
Fri Sep 14, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: current EFC calculator. accurate?
Replies: 4
Views: 298

current EFC calculator. accurate?

Hello all, So I plugged my numbers into the current 2018/2019 EFC calculator here: https://bigfuture.collegeboard.org/pay-for-college/paying-your-share/expected-family-contribution-calculator My family's EFC was much lower for my current h.s. senior relative to last year when my oldest (current coll...
by chipperd
Mon Sep 10, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: When to Tap Into SS
Replies: 14
Views: 1723

Re: When to Tap Into SS

bkweathe wrote:
Mon Sep 10, 2018 2:15 pm
You might find this useful: https://opensocialsecurity.com/

The creator of this calculator, Oblivious Investor, often posts in this forum.

Brad
I used this calc and it stated that my retirement benefits at FRAwill be much lower relative to the benefit on my statement at FRA. Any idea why?
by chipperd
Mon Sep 03, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 837
Views: 155856

Re: Boglehead Beer

Hobbit Juice: A double IPA from Beer'd Brewing in Stonington, CT. Hard to find but if you are near the brewery, def. worth the trip
by chipperd
Tue Aug 28, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Minivan for family of 4.
Replies: 34
Views: 2986

Re: Minivan for family of 4.

Sienna.
Our first one, bought used (4 years old) went 225 k miles and got $2000 on trade in 2007 when we bought a 2005. That 2005 Sienna we just traded in, got $1,500 for it with 265k miles. Just bought a 2014 with 56k miles. Can't kill that v6 man. Ride it til the end.
by chipperd
Mon Aug 20, 2018 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13819

Re: Teachers Who Have Net Worth of $1 million +

Teachers wages haven't kept up with other wages, at least in most states, so what a teacher could do then and what a teacher can do now are apples and oranges. A million bucks is a million bucks regardless of wages or inflation Not the point, the question is how much of that have they been able to ...
by chipperd
Sat Aug 18, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13819

Re: Teachers Who Have Net Worth of $1 million +

Jablean wrote:
Thu Aug 16, 2018 7:19 pm
Teachers wages haven't kept up with other wages, at least in most states, so what a teacher could do then and what a teacher can do now are apples and oranges.
A million bucks is a million bucks regardless of wages or inflation
by chipperd
Mon Aug 13, 2018 5:43 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4606

Re: What's a good way to calculate when I have won the game??

What's a good way to calculate when I have won the game?? When you (and the people you hope your money will support) are dead. Up until then you are still playing the game and have a chance to lose all your money. The person with 100x of expenses all in government bonds still lost if they happened ...
by chipperd
Wed Aug 08, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

Not sure what the original intent of this thread is at this point.
by chipperd
Wed Aug 08, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

It's well documented that college costs have outpaced inflation by a large margin over the past couple decades. Tuition at private schools in the Northeast run around 52k/year. That's spectacular, and real. Did you read the first word in that post you quoted? It was public. The post also included t...
by chipperd
Wed Aug 08, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7494

Re: "Skin in the game"

chipperd wrote:
Wed Aug 08, 2018 12:37 pm
I see some posts here colluding "skin in the game" with student loans. At least in our case, my kids paying for their portion (10%) is cash or check from them to me. No loans.
by chipperd
Wed Aug 08, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7494

Re: "Skin in the game"

edited
by chipperd
Wed Aug 08, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

Both my wife and I had parents who supported our education. Neither of us did any jobs while getting an education. My daughter graduated from high school in 2010 and it is anticipated that by June 2019 she will have BSc, MD, MPH degrees and will start a medical residency and then support herself. W...
by chipperd
Wed Aug 08, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7494

Re: "Skin in the game"

Edited to make sense :D Our kids are/will be paying 10% of their undergrad degrees b/c this is consistent with how we have raised the three of them. Starting, for each of them, at age 12, they were given a lump sum of money at the beginning of the month, which we estimated was enough to cover their...
by chipperd
Wed Aug 08, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7494

Re: "Skin in the game"

Edited
by chipperd
Mon Aug 06, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by chipperd
Mon Aug 06, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by chipperd
Sun Aug 05, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

As above in scenario #2, a $14,000 reduction in net household income - $11,000 reduction in college costs... It seems unlikely that CSS colleges would increase your grant aid by 11K simply by having a 14K reduction in net income. I wouldn't be putting my eggs in this basket. On the other hand, the ...
by chipperd
Sun Aug 05, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

I only slightly intend this as snarky, and I do realize that our approach isn’t available to everyone, but our approach to anticipated college (and other) costs has been to increase income, not reduce it. Good luck with your novel approach. It's a similar issue with taxes. No one wants to pay more ...
by chipperd
Sun Aug 05, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

Just curious -- have you confirmed with others that your benchmarking actually translates into those saved dollars, with the lag-time and/or look-back window that you envision? Has anyone made this work? Is this what the individual school tells you will be the formula? Are these formulas binding co...
by chipperd
Sun Aug 05, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

Hello all, As some of you may remember, I struggle with the idea of having me or my kids pay more for college (or anything for that matter) than is required. For those who are tired of reading my machinations, please forgive me and move on. Given my kids will be going to smallish private colleges, ...
by chipperd
Sun Aug 05, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

Hello all, As some of you may remember, I struggle with the idea of having me or my kids pay more for college (or anything for that matter) than is required. For those who are tired of reading my machinations, please forgive me and move on. Given my kids will be going to smallish private colleges, ...
by chipperd
Sun Aug 05, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

Hello all, As some of you may remember, I struggle with the idea of having me or my kids pay more for college (or anything for that matter) than is required. For those who are tired of reading my machinations, please forgive me and move on. Given my kids will be going to smallish private colleges, ...
by chipperd
Sun Aug 05, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

Re: paying for college. work level options

I'm curious how they're getting such cheap prices for private college. Do these neglect aid that's loans? (stafford, plus) $20k is 2/3 what state colleges cost in Massachusetts, including room/board. Certainly, if they live at home, the cost drops dramatically. Reducing your income in an attempt to...
by chipperd
Sun Aug 05, 2018 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16034

Re: Will you pay for your kids' college/graduate education?

We pay for most of our kids' college expenses, but they pay 10% to have some skin in the game
by chipperd
Sun Aug 05, 2018 4:04 am
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 17
Views: 1045

paying for college. work level options

Hello all, As some of you may remember, I struggle with the idea of having me or my kids pay more for college (or anything for that matter) than is required. For those who are tired of reading my machinations, please forgive me and move on. Given my kids will be going to smallish private colleges, c...
by chipperd
Sat Jun 09, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 4086

Re: Bogleheads' College Philosophy question

Best borrowing is no borrowing. Save and have the kid work and pay as you go.
by chipperd
Tue Jun 05, 2018 3:17 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 6182

Re: New SS claiming calculator

Just took the calc for a test drive. I really like it for a plain and simple answer (hope it's accurate). I'm assuming life time = avg. life expectancy. Rec. I file at 70 and spouse at 62 to yield a total of $794,162 lifetime benefit. $90,207 less if we both file at 62. Interesting. Thanks for that ...
by chipperd
Fri Jun 01, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1610

Re: Vanguard from a consumer standpoint. Question [as a personal investor]

I am wondering if it's institution dependent like you say or if it's a new standard across the board
by chipperd
Fri Jun 01, 2018 5:03 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372201

Re: What are you up YTD? [Year To Date]

6/1/18: Down .009%
56% stocks (13% intl)
36% bonds
8% M.M.
by chipperd
Fri Jun 01, 2018 4:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1610

Re: Vanguard from a consumer standpoint. Question [as a personal investor]

To answer inquiries: I am speaking of times when I "push" funds into prime MM from my bank (external transfer to Vanguard). Second inquiry: my account will say "unavailable funds" and list the date these funds will be "available" however Vanguard defines these two terms. 10 days is how long it will ...
by chipperd
Thu May 31, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1610

Re: Vanguard from a consumer standpoint. Question

So, my original point was funds transferred IN TO Vanguard ie: from my bank to prime for example. Now takes over a week for those funds to be available. Used to take a day or two. Why the change?
by chipperd
Thu May 31, 2018 4:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1610

Vanguard from a consumer standpoint. Question [as a personal investor]

Hello all, I noticed some changes on my online account at Vanguard, as I 'm sure many of you have. One negative I am seeing that is a change is the amount of time it takes for funds transferred in to Vanguard to become available; over a week. It seems to me funds used to be available within days. An...