Search found 476 matches

by chipperd
Sun Nov 17, 2019 6:27 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1554
Views: 166388

Re: [What TV Show Have You Recently Watched?]

"Atypical" on Netflix. Great writing, really good acting, funny with a look at how a family that has an ASD kid can have impacts far beyond the diagnosed individual.
by chipperd
Fri Nov 15, 2019 6:13 am
Forum: Personal Investments
Topic: Entertainment fund
Replies: 10
Views: 674

Re: Entertainment fund

It might be fun to build a bond ladder and then have a rule that when the bond matures, you have to blow all the money. I am taking you at face value here. +1. Love that concept to deal with the emotional aspect OP reported. Planful, reliable structure, when followed through on, invariably helps wi...
by chipperd
Fri Nov 15, 2019 6:07 am
Forum: Personal Consumer Issues
Topic: Garage Generator Install
Replies: 41
Views: 2503

Re: Garage Generator Install

I'm going to go the other way and suggest that it is entirely possible to, in theory, safely route the exhaust outside of the house. Motor and sailboats of all sizes do this with their inboard engines and generators. But these are diesel, which isn't combustible, but they still store and use propan...
by chipperd
Thu Nov 14, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Garage Generator Install
Replies: 41
Views: 2503

Re: Garage Generator Install

Risk/reward in this scenario doesn't work for me. We run our's outside (8500) with 25 foot cord and back feed through the dryer plug (after shutting down the main and all breakers so we don't feed the system and keep our home a closed system). Then just flip on breakers we want/need to run major nee...
by chipperd
Fri Oct 25, 2019 8:46 am
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1818

Re: talk to a new guy [Advisor recommends Midland National Endeavor 8]

Of course there is an annual fee it's just called something else and charged more or less than once per year. The fact that you don't realize this tells me this "new guy" (aka: you?) isn't up front about fees. The most expensive person you ever hire is the one who works for "free". I recently revie...
by chipperd
Wed Oct 23, 2019 7:07 pm
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1818

Re: talk to a new guy [Advisor recommends Midland National Endeavor 8]

Of course there is an annual fee it's just called something else and charged more or less than once per year. The fact that you don't realize this tells me this "new guy" (aka: you?) isn't up front about fees.
by chipperd
Tue Oct 22, 2019 2:05 pm
Forum: Personal Investments
Topic: Advice on my investment strategy please
Replies: 17
Views: 987

Re: Advice on my investment strategy please

"Doesn’t the S&P500 guarantee 6%? Really it’s about 7.5% correct? Since 1980"
Go back to the first response and execute recommendation #1
by chipperd
Fri Oct 18, 2019 4:19 am
Forum: Personal Investments
Topic: To retire or not to retire,,,,
Replies: 19
Views: 3481

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

Hello again and Thank You for some replies and here is some more information,my wife is 51 and will continue to work at least for 6-8 more years and our living expenses are $15 to $1800 a month tops,this area has a very low cost of living while providing many needed things,central Ohio location.Tha...
by chipperd
Wed Oct 16, 2019 4:38 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for college savings
Replies: 20
Views: 1758

Re: Suggestions for college savings

The most important question is how much income do you make, and how much are you willing to spend on your child's education. If you make a lot of money, the FAFSA is a waste of time. They will inform you that you have the ability to pay the entire costs of education. Many times, if you receive aid,...
by chipperd
Tue Oct 15, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 135
Views: 26912

Re: Indexing beats Wellington and Wellesley right?

Re: "People also thought that they would magically avoid recessions, because the managers are so smart and because of their bonds. But they lost 20% and 30% respectively in 2008." That's quite a bit off: In 2008 the Wilshire 5000 lost 38.68%,(http://www.1stock1.com/1stock1_795.htm), while in 2008 We...
by chipperd
Tue Oct 08, 2019 3:30 am
Forum: Personal Consumer Issues
Topic: Should I sell or keep my 5 year old depreciated Tesla
Replies: 89
Views: 7768

Re: Should I sell or keep my 5 year old depreciated Tesla

Keep it. You have eaten the majority of the depreciation and the depreciation rate will continue to go down over time, coupled with the low cost of ownership, like minded people here like myself will say it's a good financial decision to keep this car until it rots.
by chipperd
Thu Oct 03, 2019 4:12 pm
Forum: Personal Investments
Topic: Retirement Readiness Check-In
Replies: 17
Views: 2696

Re: Retirement Readiness Check-In

Based on my spending/monthly needs/wants I could retire with what you have but I didn't see your spending requirements. Maybe I just missed?
by chipperd
Wed Oct 02, 2019 4:42 am
Forum: Personal Investments
Topic: Retirees - do you hold extra cash for a bear market?
Replies: 93
Views: 9827

Re: Retirees - do you hold extra cash for a bear market?

The intent of the CDs, MM, and treasury funds is not to optimize, it is to sleep well and prevent bad behavior (selling equities in a down market as a panicked reaction). I do not consider the X years of expenses to be external to my portfolio, but part of the fixed income allocation. Actually, CDs...
by chipperd
Tue Oct 01, 2019 5:11 am
Forum: Personal Investments
Topic: Retirees - do you hold extra cash for a bear market?
Replies: 93
Views: 9827

Re: Retirees - do you hold extra cash for a bear market?

The intent of the CDs, MM, and treasury funds is not to optimize, it is to sleep well and prevent bad behavior (selling equities in a down market as a panicked reaction). I do not consider the X years of expenses to be external to my portfolio, but part of the fixed income allocation. Actually, CDs...
by chipperd
Sat Sep 28, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

I don't mean to sound like I am arguing for the side of the financial institutions. I believe the reason the cost of education has risen so much is because of the greed by these institutions. They charge more because they view themselves as a business where they can charge more. We certainly can ma...
by chipperd
Sat Sep 28, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

Do you apply the same standard when deciding how to file and pay your taxes? Absolutely. I try to invest in a tax-friendly way. Will even make decisions with taxes in mind. For example, loaded up on a donor-advised fund at the end of 2017 when I knew I would not be deducting charitable contribution...
by chipperd
Fri Sep 27, 2019 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

...Parents who care about their kids and play within the bounds of the "game" should not be shamed for trying any angle they can think of. I've already gone through all the stages of grief as far as college costs go. But I can't help getting stuck on this notion. It's as if a 19-year old ADULT walk...
by chipperd
Thu Sep 26, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

...Parents who care about their kids and play within the bounds of the "game" should not be shamed for trying any angle they can think of. I've already gone through all the stages of grief as far as college costs go. But I can't help getting stuck on this notion. It's as if a 19-year old ADULT walk...
by chipperd
Wed Sep 25, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

The key is being able to retire while your kids are still too young for you to know that it's reasonably likely they'd be admitted to such schools. Being able to retire before your kids start college is absolutely the best scenario from the finaid optimization standpoint. Yep retire when your oldes...
by chipperd
Tue Sep 24, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

I just wanted to follow up on the earlier comments about gaming the system. While I understand that our society as a whole is better off having an educated populace, and it is very noble that universities do their utmost to have a diverse student population (by major, race, geography, socioeconomic...
by chipperd
Mon Sep 23, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

Who's saying 'ez-pz gold mine'? I'm saying it is an underappreciated option. I get that generally it is not elite universities but UF is a top 10 Public University. Not a bad 'option'. It didn't work for you (or me as my kid was a NMF but chose to go to a school that gave him little). So what. The ...
by chipperd
Mon Sep 23, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

In state flagship Universities can provide an excellent value, as pointed out in earlier posts. That said, in my sample size of my two kids, due to scholarships and grants from private colleges, they were both able to attend top ranked private universities in their respective fields for 60% of to CO...
by chipperd
Mon Sep 23, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

Given your income and the tax advantages of a 529 plan, why are you only contributing $400 per month? Aim for $1000 per month and forget about trying to game a system meant to help the poor. "Game the system". I've heard that phrase before but could you clarify? It sounds derogatory. Ok, busted. Ye...
by chipperd
Mon Sep 23, 2019 4:31 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

Given your income and the tax advantages of a 529 plan, why are you only contributing $400 per month? Aim for $1000 per month and forget about trying to game a system meant to help the poor. "Game the system". I've heard that phrase before but could you clarify? It sounds derogatory. Paying less fo...
by chipperd
Sun Sep 22, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

3) At some point along the line, if a CSS profile school is on the horizon, maybe when your oldest is in middle school, either mortgage your home to the hilt, or sell it and rent. Most CSS profile schools will assume a certain percentage of your home's equity to be used to pay for school each year,...
by chipperd
Thu Sep 19, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

3) At some point along the line, if a CSS profile school is on the horizon, maybe when your oldest is in middle school, either mortgage your home to the hilt, or sell it and rent. Most CSS profile schools will assume a certain percentage of your home's equity to be used to pay for school each year,...
by chipperd
Thu Sep 19, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8772

Re: Long Term FAFSA/College Strategy

Assuming the way college costs are calculated for your family in 19 years the same way they are now, there is a two year look back on income. So... 1) Make sure, if you have more than one child, they are born within a short period of time from each other as most schools will give both kids a break o...
by chipperd
Tue Sep 17, 2019 5:01 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5249

Re: Where Bogleheads Live

Interesting numbers but in response to the subject "Where Bogleheads Live", downloads may be a misleading stat in determining where we all live. I listen every month (and BTW, really enjoy your interviews), but I do so online and don't download. Keep up the great work!
by chipperd
Sat Sep 07, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: What to let kids buy?
Replies: 50
Views: 4303

Re: What to let kids buy?

While on the topic of what to let kids buy, what are posters planning to "let the kids buy" when it comes to private h.s. or college?
Just curious how that expense will play out, particularly with the "if you want it you can spend your own money on it" crowd.
by chipperd
Thu Aug 29, 2019 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Mother's Pension Plan is Being Terminated - Help with Options Needed
Replies: 33
Views: 3481

Re: Mother's Pension Plan is Being Terminated - Help with Options Needed

This will come across as a bit callous, but in thinking about these situations, I tend to take the lump sum offered ($47,575) and divide it by the monthly amount of the annuity offered ($554). Assuming no gain in the lump sum relative to inflation, that lump sum of $47,575, would yield 85.87 months ...
by chipperd
Wed Aug 28, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19721

Re: Selective Colleges

bltn: I have often pondered the same. IE: My son, current second year accounting major, chose a top private university's honors program, with a strong business/math orientation. He hangs with and lives with others in the honors program who all are applied math/accounting/actuary majors. Also gets th...
by chipperd
Wed Aug 28, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19721

Re: Selective Colleges

Demonstrated interest, based on my experience with my two older kids in the past two years, seems to be on a school by school basis. My oldest, whom I have mentioned in the past, got into 8 of 10 schools he applied to. One of the two he didn't get into, he definitely should have, based on his number...
by chipperd
Sun Aug 18, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1519

Re: Kids education planning

TomatoTomahto wrote:
Sun Aug 18, 2019 8:32 am
Chipperd, I don’t think there’s anything wrong with bragging about your kids, especially when it’s for a good cause. Congrats to you for being flexible and supportive. Your kids will remember.
Thanks!
by chipperd
Sun Aug 18, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Kids education planning
Replies: 21
Views: 1519

Re: Kids education planning

Once upon a time, an overly verbose poster on BH created a thread that may be helpful to you. He attempted to address a bit of the financial and a bit of the other stuff (merits of selective colleges, admissions, pre-college educational tips), especially for relatively prosperous BHs who might aspi...
by chipperd
Sat Aug 17, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19721

Re: Selective Colleges

I must have missed something, is there a question somewhere in this or just a discussion?
by chipperd
Sat Aug 17, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8878

Re: Taking a break in your 50s: Is it the kiss of death?

You have more than enough to leave, or stay, on your terms. Check out some of the early retirement/F.I. or FIRE websites/blogs/podcasts (early retirement now for example) to balance out some of the advice on this site.
One thing is for sure, you have enough to go and not look back.
by chipperd
Fri Aug 16, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: When to move into retirement
Replies: 72
Views: 5840

Re: When to move into retirement

OP
I think you have gotten some wise and thought providing counsel and ideas.
Keep us posted once you make the decision either way.
Best of luck!
by chipperd
Fri Jul 26, 2019 3:55 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19667

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

For the record, if my kids ever find being a barista an inspiration, or even a goal, I have failed as a parent.
by chipperd
Fri Jul 26, 2019 5:23 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19667

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

... The biggest issue with retiring early at 51 is that friends will get suspicious about how you can afford it. From my perspective when I've seen relatives and neighbors retire earlier than 60 they tend to turn into "old people" faster. It's likely due to the people they hang out with, if you han...
by chipperd
Fri Jul 26, 2019 4:17 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19667

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

With $6 million in assets you could withdraw 3% a year and get $180K annually. I'd say you should be able to do it with a little belt tightening. The biggest issue with retiring early at 51 is that friends will get suspicious about how you can afford it. From my perspective when I've seen relatives...
by chipperd
Sun Jul 14, 2019 5:17 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 30545

Re: Americans believe they need $1.7 million, on average, to retire

The very notion that any American household needs a minimum of $5 million to retire before age 65 is beyond ludicrous, even for those with a low risk tolerance. $5M lets you put aside $1M for LTC and other disasters, and spend $120K/yr at 3% from the other $4M. Doesn't seem all that ludicrous in an...
by chipperd
Tue Jul 09, 2019 11:33 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 30545

Re: Americans believe they need $1.7 million, on average, to retire

This is such crap, why do threads like this not get shut down? @mods? In other words, Schwab went out and asked people if they wanted $100K per year in retirement. They said yes. Then they backed into this number using average SSA benefits. Stop providing free advertising for the FI industry. +1 in...
by chipperd
Fri Jul 05, 2019 6:01 am
Forum: Personal Consumer Issues
Topic: What to let kids buy?
Replies: 50
Views: 4303

Re: What to let kids buy?

We give our kids an allowance at the beginning of each month ($100 for the boy, $110 for the girls, why the discrepancy will become clear in a min). The deal is that they are responsible for purchasing their own clothing, (including cleats and other accessories for sports), entertainment, eating out...
by chipperd
Tue Jun 18, 2019 4:42 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 7379

Re: How to avoid high vet bills?

We have a rescue lab/pit mix about 10 years old. Sixth dog I've had in my life. Loved 'em all, but he's a dog and like all of our dogs he isn't our 4th child nor an extension of any of us as a humans. We have treated all about the same. This one has been to the vet about 7 times and that included a ...
by chipperd
Tue May 21, 2019 5:18 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15602

Re: FIRE - What am I missing in the News Stories

I am strongly against FIRE. I think it’s foolish to give up a paying job at a young age to live off of existing assets. Not only are you withdrawing from your accounts but you’re not contributing. It’s a double whammy. I think it is fine to take a lower paying job, one less stressful, part time, et...
by chipperd
Fri May 17, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4454

Re: Reservations about job offer

"During the interview process the hiring manager set expectations by saying that he didn't want to give me the title until the guys on the team can trust me. He even stated right before we parted ways that he wants me to come in and not act like a lead. It's important for him that they trust me." I ...
by chipperd
Sat May 11, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5527

Re: Help me pull the trigger-need to quit

I agree with those who are suggesting the part time approach. I would add (unless I missed this from a prior post) that approaching a supervisor with a part time pitch would go over much better if you had the supervisors problem of filling the other half of your position already solved for him/her. ...
by chipperd
Mon May 06, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 13844

Re: College Expenses

I am considering giving each kid $125,000 which is about enough for our state schools and let them kick in a little. If they want to go to a private school they will have incentive to seek out al the school "scholarship" money and discounts they can find. While it is appealing to let your kids have...
by chipperd
Mon May 06, 2019 4:11 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 13844

Re: College Expenses

OP, to your question: "My question - How do I "guess" REAL college expenses? I know the costs of the state schools. " We used a ton of the net price calcualtors that every school that my kids were/are considering has available online. Just google NPC and the school's name, plug in your numbers, and ...