Search found 640 matches

by chipperd
Mon Aug 10, 2020 11:55 am
Forum: Investing - Theory, News & General
Topic: Family Dynasty 529 plan for multigenerational college planning
Replies: 24
Views: 2294

Re: Family Dynasty 529 plan for multigenerational college planning

When I said that the current funding model is not sustainable, I didn't mean for the bogleheads crowd. I meant for the people protesting on the streets demanding student loan relief. These people are generally not financially savvy and cannot tolerate a $35k loan. And there are politicians willing ...
by chipperd
Mon Aug 10, 2020 11:46 am
Forum: Personal Investments
Topic: Are we going to be able to make it? (Networth question)
Replies: 18
Views: 3175

Re: Are we going to be able to make it? (Networth question)

More info needed, esp around the info/assumptions that support of the idea that son will need 3 million for care.
by chipperd
Sun Aug 09, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Front Load 529
Replies: 25
Views: 1890

Re: Front Load 529

As a parent of two in college now and a third to go next year, I wouldn't do it. If you are eligible, look into funding your Roth with an eye towards using those funds for college if needed. And, if you are eligible for a Roth, take a look at some net price calculators to see if you qualify for any ...
by chipperd
Sun Aug 09, 2020 5:30 am
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 118
Views: 9831

Re: Think no one can beat the index?

I have no idea why you are taking this meeting. It's a lose/lose situation. Also, having someone who isn't a fiduciary "run" early retirement scenarios for you doesn't seem like such a good idea either. While he may have treated your parents well, your investing philosophy doesn't fit this guys way ...
by chipperd
Mon Aug 03, 2020 5:35 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12852

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

After reading the intro ("Dr. Pfau Wade is the program director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA, and is a partner with a financial advisory firm in PA"), and underst...
by chipperd
Sun Aug 02, 2020 6:20 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12852

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

After reading the intro ("Dr. Pfau Wade is the program director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA, and is a partner with a financial advisory firm in PA"), and understa...
by chipperd
Sun Aug 02, 2020 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9559

Re: Unmotivated daughter and son in law.

You asked to keep this financial, so out of respect for that boundary you set, I will answer only with that in mind. Financially, plunking down 200k and getting, what sounds like, an extremely poor return relative to the risks the individuals pose that you outlined, is a terrible financial idea/inve...
by chipperd
Fri Jul 31, 2020 7:01 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8611

Re: How long to keep a car

We also purchase our vehicles used, about 3-4 years into their lifespan. Haven't bought a new car since the early 90's. Let someone else eat that first 50%-70% depreciation. True, I've never bought a new car in my life. Thinking back on how long our last four cars lasted: Renault diesel: 14 years (...
by chipperd
Fri Jul 31, 2020 6:19 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8611

Re: How long to keep a car

Two parent drivers and three teen/20 year old drivers (5 total drivers in the house now, yikes) 2011 Chevy Colorado (90k miles) 2012 Toyota Camry (115k miles and currently on a trip across the country) 2014 Toyota Sienna (120k miles) It seems we typically keep our cars almost until the end of their ...
by chipperd
Sun Jul 26, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7314

Re: struggling to get a mortgage

This is going nowhere. The first time I've ever wanted a thread locked.
by chipperd
Sat Jul 25, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7314

Re: struggling to get a mortgage

yep. i see no problems here. only obstacles to overcome. the banks don't care how old i am, how much experience i have or don't have, how much money i have, how i got my money, or how long it's been since i depended on somebody else to give me a paycheck. they don't care about my life story. all th...
by chipperd
Sat Jul 25, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 86
Views: 6970

Re: Becoming teacher after reaching FIRE? Advice needed!

Not sure where you are thinking, but someone mentioned Tampa. Starting salary there is 40k .(https://www.tampabay.com/news/gradebook/2019/10/09/a-tentative-pay-deal-between-hillsborough-county-school-district-and-its-teachers/) I worked in a few school top districts in a top 5 performing state for a...
by chipperd
Sat Jul 25, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7314

Re: struggling to get a mortgage

HELOC?
Sounds like you are looking for a traditional mortgage for a non-traditional financial transaction. Me thinks the banks will sniff that out pretty easily.
by chipperd
Wed Jul 22, 2020 6:14 am
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 14938

Re: Retirees, share your epiphanies..

Does anyone here regrett not having kids, or not havijg enoguh kids ? No regrets, but as a parent of 3, that third kid is much more expensive as the "need" for a minivan or larger vehicle comes into play, along with, once they are older, often a second hotel room for travel, larger home once older ...
by chipperd
Sun Jul 19, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26877

Re: What surprised you the most once you retired?

Can we hear some "negative" surprises in retirement? How much more I am spending on home maintenance and now property improvement. Doing it all myself, as after spending a career "planting seeds" and not getting to see the results, I'm really enjoying that I can see the result of my daily labor in ...
by chipperd
Sat Jul 18, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26877

Re: What surprised you the most once you retired?

This thread is interesting. Most people would probably watch TV and eat unhealthy food all day after they retire. The impact of this lifestyle on health can be imagined Do you have a reference for this? Since it is "most people" I am sure you have a study available. Good question. I googled for stu...
by chipperd
Fri Jul 17, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26877

Re: What surprised you the most once you retired?

This thread is interesting. Most people would probably watch TV and eat unhealthy food all day after they retire. The impact of this lifestyle on health can be imagined Do you have a reference for this? Since it is "most people" I am sure you have a study available. Good question. I googled for stu...
by chipperd
Fri Jul 17, 2020 7:00 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26877

Re: What surprised you the most once you retired?

Surprises: After one year in, biggest surprise was, not all that intentionally, losing 25 lbs. Having time to really enjoy movement (walk, bike, swim, do lots of yard work), and to cook and eat better, all seem to have gotten me to that logical result. I'm into birds now. Never saw that coming. Not ...
by chipperd
Fri Jul 17, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2049
Views: 218116

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

Hanna season 2 on Amazon prime.
Modern Love on Amazon prime.
by chipperd
Mon Jul 13, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 82
Views: 8801

Re: Helping my nephew out of his rut

He's in more than a rut. I would suggest tying in any type of financial help with attendance on a regular basis with a therapist. This young man sounds quite depressed, and my experience of 25 years as a therapist tells me that most only show the tip of the iceberg (for a variety of reasons). There ...
by chipperd
Fri Jul 10, 2020 12:33 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10176

Re: 51 year old physician

Anyone wondering, as I am, why, in face of several requests, the OP doesn't provide more info?
by chipperd
Tue Jul 07, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Device for men's haircuts
Replies: 50
Views: 4589

Re: Device for men's haircuts

Most clippers come with a large array of guards. Usually in 1/8 inch increments, sometimes mm increments. I use a #2 all over. Then the R/L ear trimmers, then #1 on the sideburns and bottom/back part. Done this for ~15 years. Sometimes I do a #3 and #2 if I want it a bit longer. Note, this is a sho...
by chipperd
Sun Jun 28, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3435

Re: Where should my nephew go to college?

OP if you want specific college suggestions, answer these questions. 1) What are the GPA, SAT/ACT scores, and list of ECs? Is the student a legacy anywhere? What race/ethnicity is the student? 2) What major is the student interested in? 3) Where does the student live? 4) What is the parent's budget...
by chipperd
Sun Jun 28, 2020 4:50 am
Forum: Personal Consumer Issues
Topic: About to buy a car. What am I forgetting?
Replies: 38
Views: 2375

Re: About to buy a car. What am I forgetting?

It's a boglheads post, so .... You bought a used car 15 years ago maybe due to this issue, or perhaps financially now you see this issue differently but... A used car, on average, will depreciate about 25% in the first year and about 10% once you take ownership and drive it off the lot. You can plug...
by chipperd
Sat Jun 27, 2020 5:23 am
Forum: Personal Investments
Topic: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed
Replies: 107
Views: 11113

Re: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed

If what a previous poster noted is accurate (I haven't verified) "...For about $210,000 you could probably buy an immediate annuity paying you $1200/mo for life...", not sure why a SPIA is off the table? Is this a philosophical bent? The amount you receive is also under the PBGC number as well, so t...
by chipperd
Mon Jun 22, 2020 5:45 am
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 165
Views: 20193

Re: Any Instant Pot users here?

We won't be buying one because we like good food, we have respect for food, and we like to cook. If you're on the fence about buying one, ask yourself this question: how many high quality restaurants will be preparing their food in an instant pot? The answer is none. Said the person who doesn't own...
by chipperd
Thu Jun 11, 2020 1:08 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16310

Re: Thoughts on today's sell-off?

My thoughts? Same 'ol same 'ol. The market goes up, the market goes down. I'm just in for the ride with no map, compass or cares.
by chipperd
Wed Jun 10, 2020 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I give a loan to my buddy to buy a boat?
Replies: 81
Views: 4818

Re: Can I give a loan to my buddy to buy a boat?

This has to be a troll question. There is no way this transaction, as outlined, should occur.
by chipperd
Tue Jun 09, 2020 4:37 am
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 135
Views: 11459

Re: The "Best of" for Aldi?

Their house brand IPA, Wlld Range from NY state, is really good at $6.99/6 pack. I haven't tried the other beer varieties. Produce never disappoints and cheaper than other produce around my area. We get delivered, and if ever any delivery issues, we always have gotten a refund or credit towards nex...
by chipperd
Mon Jun 08, 2020 5:58 am
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 135
Views: 11459

Re: The "Best of" for Aldi?

Their house brand IPA, Wlld Range from NY state, is really good at $6.99/6 pack. I haven't tried the other beer varieties. Produce never disappoints and cheaper than other produce around my area. We get delivered, and if ever any delivery issues, we always have gotten a refund or credit towards next...
by chipperd
Tue May 26, 2020 10:38 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5883

Re: At what moment does retirement begin?

Great question and responses! The first taste of the reality that I was FI and could retire was when my (then) 16 yo son put together a large workbook of spreadsheets to prove to me what he had been insisting upon for over a year, that I could retire if I wanted to. Seeing the numbers made that "cou...
by chipperd
Mon May 11, 2020 6:22 pm
Forum: Personal Investments
Topic: Which variable withdrawal strategy?
Replies: 13
Views: 936

Re: Which variable withdrawal strategy?

So I'm not going to tell you the best withdrawal strategy for your situation, as there are a lot of questions that I would need to go through and don't really have the desire. I can tell you that when I became FI and then FIRE'd (kinda early, age 52) back mid 2019, I kept 6+ years living expenses in...
by chipperd
Wed Apr 29, 2020 11:03 am
Forum: Personal Investments
Topic: Leaving Edward Jones is there a better or worse time
Replies: 35
Views: 2028

Re: Leaving Edward Jones is there a better or worse time

Yesterday was better than today and today is better than tomorrow.
by chipperd
Sat Apr 18, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14227

Re: How many paid for kids' college?

We pay 90% of tuition, room, board and books. They pay the rest plus whatever they want as "entertainment" funds.
by chipperd
Wed Apr 15, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Do I really need an Annuity? I have 40% Bonds
Replies: 43
Views: 2365

Re: Do I really need an Annuity? I have 40% Bonds

As others have mentioned, we are a short on info so... Going to assume that when the OP said "...we retire..." that means both OP and spouse have social security coming at age 70. Another assumption I'm going to make is that, b/c OP and spouse are not going to take social security until age 70, they...
by chipperd
Sun Apr 05, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 935
Views: 176197

Re: Boglehead Beer

Beer'd brewed Hobbit Juice.
9.2% abv and a 94 rating on Beer advocate.
https://www.beeradvocate.com/beer/profile/30321/115805/
by chipperd
Fri Apr 03, 2020 4:02 pm
Forum: Personal Consumer Issues
Topic: Replacing Cable TV with Streaming: Critical Analysis
Replies: 86
Views: 5669

Re: Replacing Cable TV with Streaming: Critical Analysis

We have golf and tennis channels on Youtube tv . I do believe that channel availability on Youtube tv does vary by market.
by chipperd
Sun Mar 22, 2020 12:12 pm
Forum: Personal Consumer Issues
Topic: Incoming College Freshmen 2020 - New Reality
Replies: 24
Views: 1988

Re: Incoming College Freshmen 2020 - New Reality

Another resource just popped into my head, albeit reader be warned about the reliability of info: https://www.collegeconfidential.com/
by chipperd
Sun Mar 22, 2020 11:58 am
Forum: Personal Consumer Issues
Topic: Incoming College Freshmen 2020 - New Reality
Replies: 24
Views: 1988

Re: Incoming College Freshmen 2020 - New Reality

Interesting decisions. Have any of the schools decided about the fall semester yet (online vs in person classes)? Perhaps asking or trying to get as much info before deciding is best course (guess that's obvious, sry). I have a college soph and first year home with me now. Both schools just switched...
by chipperd
Tue Mar 17, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: Will the F.I.R.E. movement survive?
Replies: 98
Views: 7329

Re: Will the F.I.R.E. movement survive?

I became FI last year and cut back work significantly. One of the strategies that's discussed, and reported to be put into practice by those on some FI/FIRE blogs and sites, is to have a large chunk of cash as part of ones plan. I have more than 5 years expenses in cash for example. In addition, mo...
by chipperd
Tue Mar 17, 2020 6:14 am
Forum: Investing - Theory, News & General
Topic: Will the F.I.R.E. movement survive?
Replies: 98
Views: 7329

Re: Will the F.I.R.E. movement survive?

I became FI last year and cut back work significantly. One of the strategies that's discussed, and reported to be put into practice by those on some FI/FIRE blogs and sites, is to have a large chunk of cash as part of ones plan. I have more than 5 years expenses in cash for example. In addition, mos...
by chipperd
Sat Mar 14, 2020 6:41 am
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22504

Re: What did you learn from the 2/24 sell off?

I was reminded that the 2/24 sell off was nothin' in the big scheme of things, esp relative to this week. I learned the VIX can go much higher relative to the VIX on 2/24
by chipperd
Wed Mar 11, 2020 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Will I really owe, net, over $3k in federal income tax in 2020?
Replies: 11
Views: 1433

Re: Will I really owe, net, over $3k in federal income tax in 2020?

Back in January the OP posted in another thread. Wife's hazard duty retirement, which includes a COLA pension, 100% beneficiary and 100% healthcare coverage for life for both of us, covers about 60% of our needed spending. We could spend more than 4%/year and make it for the next 10 years, but than...
by chipperd
Tue Mar 10, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Will I really owe, net, over $3k in federal income tax in 2020?
Replies: 11
Views: 1433

Re: Will I really owe, net, over $3k in federal income tax in 2020?

I like TaxCaster, which is 2019 numbers but should be close. Putting in the info you gave I got a $1300 tax bill. 72000 income - 24,400 standard deduction = 47,600 taxable income Total tax = $5327 - credits $4000. This must be AOTC. = $1,327. One thing I don't know, will you owe SE tax on the 1099 ...
by chipperd
Tue Mar 10, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Will I really owe, net, over $3k in federal income tax in 2020?
Replies: 11
Views: 1433

Re: Will I really owe, net, over $3k in federal income tax in 2020?

Where are you getting $3K? That doesn't sound wrong but it's hard to say without more info. You might be able to cut it down doing Traditional IRA or Solo 401k for the 1099 income. You might do a mock tax return using your tax prep software or one of the free websites for your exact situation. Can ...
by chipperd
Tue Mar 10, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Will I really owe, net, over $3k in federal income tax in 2020?
Replies: 11
Views: 1433

Will I really owe, net, over $3k in federal income tax in 2020?

Due to a fairly large income drop for 2020, looking for a bit of help in estimating my federal income taxes for this year (2020). I have used a couple calculators and it seems I may owe $3,000 in federal income taxes for 2020. Our estimated household income for 2020 looks to be about $72,000 which c...
by chipperd
Tue Mar 03, 2020 3:42 pm
Forum: Investing - Theory, News & General
Topic: What if Fed cut doesn't work?
Replies: 137
Views: 6531

Re: What if Fed cut doesn't work?

Wrong tool for this non-problem.
by chipperd
Tue Mar 03, 2020 11:34 am
Forum: Investing - Theory, News & General
Topic: What if Fed cut doesn't work?
Replies: 137
Views: 6531

Re: What if Fed cut doesn't work?

And couldn’t this be interpreted by the world/market as the Fed succumbing to political influence? Note to mods: I don’t intend the preceding sentence to be a political statement, just trying to imagine how the world/market would interpret lowering interest rates in the current environment. Please ...