Search found 89 matches

by mikegerard
Tue Jun 14, 2016 3:54 pm
Forum: Personal Consumer Issues
Topic: 44 Hours in Los Angeles
Replies: 25
Views: 2437

Re: 44 Hours in Los Angeles

Good replies here...

I would tailor it based on your friend's interests.

I grew up there and could care less about seeing hollywood and beverly hills but I would spend a ton of time at the beach...but that's what I like.

Mike
by mikegerard
Wed May 18, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Retiring at end of year, our portfolio needs help.
Replies: 22
Views: 3574

Re: Retiring at end of year, our portfolio needs help.

It's great to hear how well you have done! My thoughts 1) Celebrate, because you're financially independent! You need to pull about 2% of your portfolio for 11 years and then your SS will kick in and you'll be pulling less than 1% of your portfolio. 2) Simplify. Any reasonable investment plan is goi...
by mikegerard
Thu May 12, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Tesla X
Replies: 260
Views: 46841

Re: Tesla X

Well Tomato I guess the Tesla has battery regen but that is variable depending on "conditions" of the battery and battery temperature. So according to this guy (and others on the internet) there are significant issues with driving this car in winter on down grades and hills. See below. So...
by mikegerard
Fri May 06, 2016 9:00 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 108
Views: 16421

Re: Revealing Usernames

Does it matter if random people know that I invest mostly in stock index funds and like to keep my fees low? I personally don't like sharing on other social sites either (like facebook). Only go there once a month to see pictures of other people's kids. I post there maybe once a year. And I keep all...
by mikegerard
Wed Apr 27, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: Trip to Southern California next week - things to do?
Replies: 19
Views: 1861

Re: Trip to Southern California next week - things to do?

Keep in mind that the traffic can be terrible in LA. 5 miles at rush hour can take 30 minutes in west LA.If you want to see the Getty and Griffith Park keep that in mind. I would time a day so that you go to the Getty late morning or early afternoon. That way you will avoid the morning commutes. The...
by mikegerard
Wed Apr 27, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: Buy used or new? Which of these small SUVs are best for families?
Replies: 39
Views: 3874

Re: Buy used or new? Which of these small SUVs are best for families?

If you have 3 kids you will want a third row.

We have 3 kids (16, 13, 10) and a Rav4 and a Sienna. Even when they were smaller they really did not like being crammed together in the Rav4 except for short trips. Summer travel is much more enjoyable with a third row.
by mikegerard
Tue Apr 26, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money (first world problem)
Replies: 15
Views: 3249

Re: What to do with money (first world problem)

Saving 10% more than you are is not going to improve your life in 30 years. Your current trajectory is going to have you leaving alot of money in your estate after you pass. In a couple years your kids will enjoy disney vacations or cruises (mine sure do). Save for fun expenses like these. A disney ...
by mikegerard
Tue Apr 26, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Best drill/driver for home use
Replies: 67
Views: 7454

Re: Best drill/driver for home use

I would also consider how the tool feels in your hand. I had an 18v ryobi and replaced it with a 12v ryobi. The smaller tool was easier to work with overhead and weighs a lot less. The 12v has less power but it takes care of about 98% of my needs. I have an electric drill that I get out once every 2...
by mikegerard
Mon Jul 20, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 10275

Re: Why did you take SS at FRA instead of delaying until 70?

This is a little off topic, but since most people start collecting SS at 62 instead of FRA or 70 will that allow the SS trust fund to stay solvent longer? I've looked for some data on this but have come up with nothing. Well, the fact that many people use suboptimal claiming strategies (and often &...
by mikegerard
Mon Jul 20, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 10275

Re: Why did you take SS at FRA instead of delaying until 70?

This is a little off topic, but since most people start collecting SS at 62 instead of FRA or 70 will that allow the SS trust fund to stay solvent longer?

I've looked for some data on this but have come up with nothing.
by mikegerard
Wed Jul 15, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 4445

Re: Physician: Which Job to Choose

Thanks for the replies everyone. The school issue is amazingly stressful to me. It seems that some studies suggest it makes no difference while there have been a couple of threads in this very forum whose consensus seems to be that we should try to be in the best school system that is reasonably af...
by mikegerard
Tue Jul 14, 2015 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 4445

Re: Physician: Which Job to Choose

Thanks for the replies everyone. The school issue is amazingly stressful to me. It seems that some studies suggest it makes no difference while there have been a couple of threads in this very forum whose consensus seems to be that we should try to be in the best school system that is reasonably af...
by mikegerard
Mon Jul 13, 2015 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 4445

Re: Physician: Which Job to Choose

I'd pick 1. Best school choice and close enough to friends and family to help out (or have them help out) in emergencies. You'll be making good money so you could always buy a much nicer house in a couple years if you don't like the standard 1 acre lot. I also like the idea of rolling a die. Your gu...
by mikegerard
Wed Jul 01, 2015 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 44145

Re: Tell Me I'm Stupid To Consider Quitting My Job and Moving

How about taking a long vacation or a leave of absence? Is there any possibility of you working remotely? Go to Montana (or wherever your dream spot is) for a month and check it out. If you find a place you like stay there and tell your old boss you can work remotely from there or you can resign. If...
by mikegerard
Mon Jun 29, 2015 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 32
Views: 5454

Re: Housing Market in Southern California

You basically need at least 600 k to buy a house in a "desirable" neighborhood with decent/good schools. Of course it is my choice to live in LA. I just don't see how people can continue to live here and how prices will continue to go up. I grew up in LA and my dad was an architect. He bo...
by mikegerard
Fri Jun 19, 2015 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: -New, Young, Looking for Retirement advice-
Replies: 16
Views: 2728

Re: -New, Young, Looking for Retirement advice-

My future wife talked me into putting $1,000 into an IRA 20 years ago. We made about $1000 a month then and had negative net worth (school loans). Fast forward 13 years and we reached the 2 comma mark. Start an automatic withdraw and continue reading Bogleheads. Don't worry about the tiny details or...
by mikegerard
Fri Jun 12, 2015 1:00 pm
Forum: Personal Consumer Issues
Topic: Do you telecommute?
Replies: 21
Views: 2845

Re: Do you telecommute?

Have been in the same boat since 2007.

I'm at a big corp that used to make pcs. About 2/3rds of our us population works remotely (some at client sites and some at home).

The company is committed to telecommuting. People are let go all the time.
by mikegerard
Wed Jun 10, 2015 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 112
Views: 17032

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I would suggest looking at what the difference in pay means long term and what the sacrifice in hours worked would be. I ran some scenarios for when my net worth gets to 3M. Scenario 1 - current savings with no additional annual investments Scenario 2 - current savings with current 401k and Roth IRA...
by mikegerard
Mon May 25, 2015 10:22 am
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 95
Views: 11539

Re: please confirm: early retirement

No one seems to have commented on the issue of the spouse working while the husband is retired. That could bring about some of its own stresses.

From my perspective I would consider both working for another year or two and then both retiring simultaneously.
by mikegerard
Fri May 22, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 112
Views: 17333

Re: Friends/Family that don't invest!

ddurrett896 wrote:Have you encountered friends/family that don't save for retirement and when you ask why they respond with something like "how do you know you won't lose it?"



The American dream...get a raise, turn in your leased car early, get a more expensive lease....rinse and repeat.
by mikegerard
Fri May 22, 2015 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 95
Views: 11539

Re: please confirm: early retirement

A couple of comments. Those numbers look feasible. Are there any items you're missing (increased funds for travel, etc)? Could you generate a little extra money if you found that your expenses went up? Depends on what you do and the options in your field. Will college be completely covered with your...
by mikegerard
Tue May 05, 2015 1:15 pm
Forum: Personal Consumer Issues
Topic: Cutting cable cord...
Replies: 75
Views: 12585

Re: Cutting cable cord...

You can get a Tivo Roamio OTA to record OTA tv and it will also allow streaming of Netflix, hulu, and Amazon Prime. It's $15 a month but that's a lot less than cable. We switched a month or two ago. We get 90% of what we had before for $31 a month ($15 tivo, $8, Netflix, $8 Hulu). It's really more l...
by mikegerard
Fri Apr 17, 2015 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 18550

Re: Two Comma Club

Bracket wrote: Even my wife was like "meh."


My wife had the same response. She just wants to know the date we can stop working. My personal guess for us is 3M but we'll only know if that was a good amount in hindsight.
by mikegerard
Tue Apr 14, 2015 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on investing (no career path) 28 yrs old
Replies: 17
Views: 1778

Re: Advice on investing (no career path) 28 yrs old

You should have more confidence in yourself and your finance skills! You are 28 and have a low paying job, live in an area with a high cost of living, and you've built up a 200k portfolio. You're doing pretty well! You have a long way to go before you can stop working, so my advice would be to find ...
by mikegerard
Tue Mar 31, 2015 4:26 pm
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 16970

Re: Hate where we live, do we make major changes?

I'm in Webster NY and Bvs right that winter can be long. I'd suggest giving a new place a test drive by taking an extended vacation there. Find a house to rent and live like a local for a month. If you want to move south do it in the summer and see how the heat affects you. I lived in Auburn AL one ...
by mikegerard
Thu Mar 12, 2015 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 267
Views: 55748

Re: Do you really need 2.5 million to retire well?

According to CNN Money there are only 1.8 million Americans in the U.S. with a net worth over 2 million and the median family net worth of those age 65-74 is $206k. So if it really takes 2.5 million to retire well I guess not very many will be doing it. Almost no retired people have 2.5 million...s...
by mikegerard
Mon Mar 02, 2015 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Peek into my finances and life :)
Replies: 11
Views: 3441

Re: Peek into my finances and life :)

1. General impressions of financial setup? You're young. The habits of investing regularly are more important that which funds you pick. Based on what you're doing and the path you're on you could probably store extra funds in a mattress and still be able to retire early. So sit down with your spous...
by mikegerard
Wed Feb 04, 2015 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for parents making fund withdraws
Replies: 7
Views: 680

Re: Tax Strategy for parents making fund withdraws

Yes they are currently reinvesting dividends in their S&P 500 fund. The dividend income fund they are looking at has quarterly dividends...
Thanks
Mike
by mikegerard
Wed Feb 04, 2015 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for parents making fund withdraws
Replies: 7
Views: 680

Tax Strategy for parents making fund withdraws

Hi all- My parents want to start pulling money from an S&P 500 index fund to augment their social security and pension. They are planning to pull an amount that just happens to work out to 4% a year. Their initial plan was to sell the fund and convert it to a dividend fund, and then pull 4% from...
by mikegerard
Wed Dec 10, 2014 3:31 pm
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 122
Views: 15632

Re: Why don't YOU follow Buffett's advice?

Those are pretty aggressive allocations. I'm pretty aggressive too but I spread mine out a little between market cap and international...overall I'm 90% stocks and 10% bonds. Large Cap 41% Midcap 14% Small Cap 9% International 16% Emerging Mks 12% Cash/Bonds 10% I figure that way I'm catching some o...
by mikegerard
Fri May 16, 2014 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Finally posting my portfolio for feedback
Replies: 10
Views: 1287

Re: Finally posting my portfolio for feedback

General comments: Debt free is awesome! You're doing a good job maxing out your tax deferred options. Your allocations look good for a long time horizon. I would recommend you switch funds now to the ones you want. Then you'll have the ones you want for the next 30 years. Any fees you pay now won't ...
by mikegerard
Wed Feb 26, 2014 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 41257

Re: Tesla Motors Stock

Tesla has said it might deliver 20,000 to 25,000 cars this year--not all of them in the U.S. For comparison purposes, here are the 2012 U.S. sales totals for the top luxury brands: Audi: 139,310 BMW: 281,460 Cadillac: 149,782 Lexus: 132,741 Mercedes-Benz: 274,134 And remember that Tesla only sells ...
by mikegerard
Tue Feb 25, 2014 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 41257

Re: Tesla Motors Stock

One thing I do see Tesla accomplishing is that they are disrupting the high end luxury market. Look here http://www.goodcarbadcar.net/2014/01/usa-large-luxury-car-sales-figures-december-2013-year-end.html or here http://money.cnn.com/2013/05/13/autos/tesla-sales-bmw-mercedes-audi/ . I had no idea ho...
by mikegerard
Fri Feb 21, 2014 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 41257

Re: Tesla Motors Stock

But then again if Facebook is willing to pay $19B for Whatapp then maybe Apple or Google will pay $30B for Tesla. I can only gawp in astonishment at the sense that businesses belong under common ownership for no other reason than that a sense exists among a certain sort of upper class person that t...
by mikegerard
Fri Feb 21, 2014 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 41257

Re: Tesla Motors Stock

Tesla does seem overpriced by any value metric you're using. Even if they execute perfectly for the next decade. Even Elon Musk is on record saying so. But then again if Facebook is willing to pay $19B for Whatapp then maybe Apple or Google will pay $30B for Tesla. There were a lot of people selling...
by mikegerard
Mon Oct 14, 2013 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Giving notice...how much time?
Replies: 55
Views: 5740

Re: Giving notice...how much time?

I try to never burn bridges. The best raise I ever got in the corporate world was one month after I was downsized. After the downsizing I made sure to help transition my work to other people. My manager must have appreciated the help and gave me a big raise. The raise helped since the severance was ...
by mikegerard
Mon Oct 14, 2013 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov: Can now view plans without account.
Replies: 49
Views: 6696

Re: Healthcare.gov: Can now view plans without account.

I work as a contractor through a consulting company...

The plans available now are about half the cost of the plans offered last year through my employer. This gives me some hope that it will be easy to find a lower cost plan when I retire (early).
by mikegerard
Thu Oct 03, 2013 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Planned Badly and Facing a Layoff
Replies: 35
Views: 5636

Re: Planned Badly and Facing a Layoff

Build up your network. I was laid off in 2007. It was pretty scary but I found a great job (1st and only interview) very quickly. In 2010 I went through it again. It was easier the 2nd time. I still used online tools to job hunt but the most important thing I did was to send out a note to people I k...
by mikegerard
Wed Sep 11, 2013 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help analyze/criticize my portfolio
Replies: 14
Views: 2073

Re: Help analyze/criticize my portfolio

What are your goals? If you want to retire at 45 that's a lot different than you love your job and want to build an endowment fund for xyz university. Looks like you have plenty of money and no kids...are you collecting money just to have it or do you have something in mind for the future. Keep in m...
by mikegerard
Tue Sep 03, 2013 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: NOT saving for college
Replies: 112
Views: 11473

Re: NOT saving for college

Because we had kids late, we’ll be able to withdraw money from IRAs when our kids are 19 and 21. So, after that $8,000 each of 529 contributions, we’ll go with IRAs as a primary savings vehicle for college. In fact, because we’ll be so close to our withdrawal eligible years when they’re in college,...
by mikegerard
Wed Apr 10, 2013 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 81
Views: 11110

Re: Those of you with alot of money, how did you do it?

I find it interesting to see the definition of "alot" of money for people on Bogleheads.

The reality for most people is that one million is not only "alot" but also something they believe is unachievable. On Bogleheads that threshold seems to be ten million.
by mikegerard
Wed Feb 27, 2013 9:50 am
Forum: Investing - Help with Personal Investments
Topic: 100% stock ETF portfolio?
Replies: 20
Views: 2274

Re: 100% stock ETF portfolio?

You also want to look at where you are relative to your goals. When I started I was 100% stocks. When I did my retirement projections I was focused on the average and high end of the scenarios. Now I'm 45 and 90/10. I just went through my retirement simulation using the fidelity gps tool and financi...
by mikegerard
Thu Jan 31, 2013 10:05 am
Forum: Investing - Help with Personal Investments
Topic: My Review of Vanguard's Financial Plan
Replies: 55
Views: 10592

Re: My Review of Vanguard's Financial Plan

I get similar service from Fidelity because almost all my retirement funds are now managed by them. The advice is not going to get "better"...it's not like they tell average investors one thing and high net worth investors another. What you're getting is some time with a CFP to talk about ...
by mikegerard
Tue Jan 22, 2013 10:25 am
Forum: Investing - Theory, News & General
Topic: Pensions vs personal investing: Pensions win???
Replies: 36
Views: 3905

Re: Pensions vs personal investing: Pensions win???

What I don't understand is how the government will sustain the plan say 25 years down the road. It's a good question. Most state governments can only look out one year. In general I think these are pretty safe...but I would be willing to bet a few months pay that in the next 25 years at least a few...
by mikegerard
Wed Jan 02, 2013 10:11 am
Forum: Personal Consumer Issues
Topic: Building a custom house
Replies: 35
Views: 5427

Re: Building a custom house

Cost is going to depend on your design and what you put into the house (granite countertops, bathroom fixtures, etc). Our design was less to build per sq foot than most of the prebuilt homes around us....we spent a lot of time designing a house that fit our needs and did not have a lot of unused vol...
by mikegerard
Thu Dec 13, 2012 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Helping out Parents with extra income
Replies: 25
Views: 1864

Re: Helping out Parents with extra income

If you can do it without resenting them for it, and they are OK with the idea, just transfer the $500 a month into their bank account. This seems like the easiest and best choice considering the circumstances. I was waiting to see opinions on reverse mortgage but I think the relatively few response...
by mikegerard
Thu Dec 13, 2012 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Helping out Parents with extra income
Replies: 25
Views: 1864

Re: Helping out Parents with extra income

Also, why do they need extra income? Are they frivolous spenders? Investments not performing as planned? The other members might be able to give you a better answer with more information. Glad to hear that you are both in a position to help out and willing to do so. Best of luck! Early 70's. Genera...
by mikegerard
Thu Dec 13, 2012 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Helping out Parents with extra income
Replies: 25
Views: 1864

Helping out Parents with extra income

Hi all My in laws are retired and could use a little extra income. Another $500 a month would make a big impact in their quality of life. Some possible ways I could help. Purchase their home and give them a lump sum of cash. Simply give them some extra cash each month. Help them set up a reverse mor...
by mikegerard
Thu Dec 13, 2012 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Just Getting Started And Need Advice
Replies: 12
Views: 1321

Re: Just Getting Started And Need Advice

Three fund portfolio is a great start...very diversified and easy. You can always tweak it to your risk tolerance or even add another fund. You have LOTS of time and you are off to a very good start. I did not start working a real job until I was 30 (lots of school). 15 years later our family net wo...
by mikegerard
Thu Dec 13, 2012 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA, Please help?
Replies: 9
Views: 989

Re: Backdoor Roth IRA, Please help?

This is a good move... You can now move 5k per year using the steps you have done for this year. Your spouse can do the same. IMHO this makes much more sense than converting an existing 401k or IRA to a Roth. In that case you are paying taxes now to avoid taxes later. Makes sense if you think you wi...