Search found 421 matches

by gator15
Fri Feb 21, 2020 8:40 pm
Forum: Personal Consumer Issues
Topic: Do You Have a Long Term Travel Strategy?
Replies: 67
Views: 5554

Re: Do You Have a Long Term Travel Strategy?

I’m not sure if it’s a strategy but over the last 4 or 5 years, we’ve tried to take our kid to a place we knew he would love for spring break including Disney World and the Caribbean. We then take a trip to a national park and camp there the week after he gets out of school. We think he is too young...
by gator15
Fri Feb 21, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5333

Re: San Francisco with a Family

I have been to SF many times in early 2000s. It was a nice city. We went there last year for a vacation. I must say I was extremely disappointed. Too many homeless people and so many druggies and needles on the streets in some sections. But I am sure not all sections are like that. I would never mo...
by gator15
Mon Feb 17, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3447

Re: do you check your taxes when using tax software?

I use TT most years. One year I sold a rental property and decided to use TT as usual. I was so unsure of the amount TT said I owed I gladly paid an accountant to check my math. Turns out I was off by several thousands of dollars. Going to the accountant saved me a ton of money. I’m tempted to go to...
by gator15
Sun Feb 16, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Risky Financial Decisions You’ve Made in the Past
Replies: 49
Views: 3351

Re: Risky Financial Decisions You’ve Made in the Past

I’m a glutton for punishment when it comes to cars. I realize they are a depreciating asset yet I can’t stay away. Over the years I’ve purchased multiple fast/fun cars. Good news is I drove them for a couple of years then sold them. Bad news is I still have that bug. Really want a new Jeep Rubicon b...
by gator15
Fri Feb 14, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: How are you spending Valentine's day?
Replies: 64
Views: 3622

Re: How are you spending Valentine's day?

Son and I celebrated last night by going out to dinner. Tonight it’s wine for me and OJ for him as we nerf gun fight. Mom is out of town.
by gator15
Wed Feb 12, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I find a different job with a better commute?
Replies: 50
Views: 3359

Re: Should I find a different job with a better commute?

The commute would only be worth it if there was an end in sight. My current commute has me in my car 3.5 hours each day. I’ve been doing it for three years and it wears on you. I hang in there because I see an end in sight. I’m a few years from my pension so it helps keep me motivated. The organizat...
by gator15
Mon Feb 10, 2020 12:14 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 134
Views: 9917

Re: What is your most luxury/expensive hobby.

Wife and I visit six different gyms between the two of us. They all provide something the others don’t. Gyms with massage memberships and it’s gotten really expensive. I’m about to cut out one of the gyms so that should save us some money. We actually use the gyms so we aren’t lighten money on fire....
by gator15
Sun Feb 09, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: Becoming more reclusive as I age - is it OK to be OK with it?
Replies: 101
Views: 6825

Re: Becoming more reclusive as I age - is it OK to be OK with it?

I have often taken vacations/traveled by myself. Many people find it strange. It’s the norm for me as I’ve been doing it now for over 15 years. Early on, there was always a reason why a friend or friends couldn’t join me for a trip. Sometimes it was timing, or finances or they just had other obligat...
by gator15
Sat Feb 08, 2020 9:05 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 372
Views: 24094

Re: What is the best concert you ever witnessed?

Rock Am Ring 2006 in Germany. Acts included Metallica, Korn, Depeche Mode among others. One of the best events I’ve ever attended. Bungee jumped for the first time ever while there.
by gator15
Sat Feb 08, 2020 9:58 am
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 100
Views: 7328

Re: What do you/did you spend your bonus on?

My wife takes 10% to spend as she pleases. The rest goes to pay the taxman.
by gator15
Sun Feb 02, 2020 11:04 pm
Forum: Personal Consumer Issues
Topic: Suggestions for wife's new luxury (or non luxury) SUV???? UPDATE: Thanks everyone for your help.
Replies: 131
Views: 7098

Re: Suggestions for wife's new luxury (or non luxury) SUV???? UPDATE: Thanks everyone for your help.

A few years ago I was in the market for an SUV. I decided to go with a Jeep Grand Cherokee. I looked at several SUVs including the Lexus GX and RX, Audi SUVs and the 4Runner among other vehicles. I felt like I got the most bang for my buck with the Jeep that’s why I got it. No regrets at all. I have...
by gator15
Tue Jan 21, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What are you doing differently this year?
Replies: 40
Views: 3001

Re: What are you doing differently this year?

We are on pace to meet our retirement goals in the next 5-
10 years. As a result, I did or I’m considering the following.

-Increase charitable donations
-Contribute to a HSA
-Open a 529 for my niece and nephew
-Buy a new Jeep Rubicon
-Take a European vacation
by gator15
Mon Dec 30, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10653

Re: How much were you able to save this year?

About 40% of gross income. Think we could have reached 50%, but I don’t think it would change my retirement trajectory much. Eligible for a pension in a few years and when it starts I’m done working.
by gator15
Sat Dec 28, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 11833

Re: How do you spend $$ on yourself?

Lately it’s been vacations. We took a lot of vacations this year. Next year, I anticipate much of the same. I will sprinkle in concert and professional sports tickets. May pull the trigger on the Wrangler I’ve wanted for a few years.
by gator15
Sat Dec 28, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Best holiday gift you gave this year
Replies: 40
Views: 3223

Re: Best holiday gift you gave this year

Got my son a Nintendo Switch. We’ve had a lot of family fun playing Mario Cart today.
by gator15
Tue Dec 24, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: What NON-frugal thing did you do today?
Replies: 79
Views: 5411

Re: What NON-frugal thing did you do today?

Totally spent way too much money on Christmas presents but I have this problem every year. Almost bought a Jeep Wrangler last weekend but showed some restraint
by gator15
Sun Dec 15, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 445
Views: 217132

Re: The Mega Backdoor Roth IRA

I’ve read a few comments, but don’t think I came across an answer to a question I have. Right now, I feel my retirement accounts make up a significant portion of my overall portfolio. I really want to focus more on investing toward my taxable account so I have the option to retire at age 50. We have...
by gator15
Tue Dec 03, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Who makes good leather and down jacket
Replies: 36
Views: 2610

Re: Who makes good leather and down jacket

Someone recommended a Canada Goose jacket earlier. They are very good jackets. I like my jacket but as someone stated earlier they are an overkill in most scenarios. I rarely wear my jacket because it’s easy to overheat in the jacket.
by gator15
Fri Nov 15, 2019 10:51 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 13669

Re: Best thing you have ever bought?

Central air for our house. Family trip to Atlantis. A lot more fun than I anticipated
by gator15
Fri Nov 15, 2019 10:39 pm
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 2890

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

I’ve determined I must reach three milestones to be FI. I must have a 7 figure number between all my accounts. I must have a six figure number in my taxable account. Last, I must have a paid off house. Trending pretty well toward the first two goals. Haven’t figured out how I will pay off house yet....
by gator15
Tue Oct 29, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4999

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

I order from Freshly. I get 6 meals for $60. I’ve used them for a couple of years. The food is pretty good.
by gator15
Tue Oct 15, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Help me find some high quality cargo pants.
Replies: 63
Views: 6321

Re: Help me find some high quality cargo pants.

My wife made me get rid of all of my cargo pants.
by gator15
Wed Sep 11, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Best Dog Car?
Replies: 70
Views: 4935

Re: Best Dog Car?

1975 Toyota Land Cruiser. Met someone recently at a car auction who spent a fortune on the vehicle for the purpose of hauling her dogs. The vehicle was gorgeous. Certainly won’t be in a few months.
by gator15
Tue Sep 10, 2019 7:11 pm
Forum: Personal Consumer Issues
Topic: Lexus or Camry?
Replies: 34
Views: 3464

Re: Lexus or Camry?

That’s easy. Keep the Lexus.
by gator15
Tue Jul 16, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 35437

Re: Millionaire by 40 and How you Did it?

I truly believe in the quote “make hay while the sun shines”. My wife and I have had good incomes for the last 9 years and we’ve used that time to really boost our savings. Sure I started saving modest amounts at age 18 but my portfolio really took off in my 30s when we increased our incomes. We now...
by gator15
Tue Jun 11, 2019 12:08 am
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7775

Re: Anything you wish you had spent money on when you were younger?

I regret not spending more money on hotels while vacationing. For some reason I continue to cut corners when it comes to lodging. I only do this when traveling alone. The thought is I’d rather spend that money on good food, better seats at a concert or sporting event. Regardless, most of the time, I...
by gator15
Wed May 29, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Its a Jeep thing?
Replies: 40
Views: 3688

Re: Its a Jeep thing?

I’ve had a lot of nice sports cars over the years. I’ve also owned a 2005 Jeep Wrangler I had for six years. It’s the only vehicle I regret selling. I sold it for $2k less than I paid for it. Sold it because it was my daily driver and I was commuting close to 100 miles a day. Should have kept it and...
by gator15
Sat Mar 02, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: what are the most important financial goals for you
Replies: 24
Views: 2076

Re: what are the most important financial goals for you

My goal is 30x annual expenses. Once there, I can get the Jeep Rubicon I want.
by gator15
Wed Feb 27, 2019 9:15 pm
Forum: Personal Consumer Issues
Topic: What vacation travel "extras" do you find worthwhile? (and why?)
Replies: 43
Views: 4924

Re: What vacation travel "extras" do you find worthwhile? (and why?)

Not really a splurge but I buy cocktails while traveling to my vacation destination. Good way to start the vacation early.
by gator15
Sun Feb 17, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 8539

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

I would buy it, but: 1. I would not buy new. You can get a pre owned fully loaded 2018 A6 for $40k OTD. Can go down to the $30s if you don’t need top of the line. 2. I would not buy with cash. Tying up so much money in a depreciating asset makes no sense. Get a 0-2% loan. A little story for those B...
by gator15
Sun Feb 03, 2019 5:31 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3641

Re: Besides your core.. anyone also hold a play account?

I have an account with Acorns. It's got a decent amount in it. Funded a vacation last year and will likely do the same this year.
by gator15
Sun Feb 03, 2019 5:14 pm
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1213

Re: Help me understand the Backdoor Roth IRA

To clarify - when you contributed to the traditional IRAs, did you deduct the contributions? If you mean deducting when I complete my taxes each year, the answer is yes. Hmmm. That doesn't add up. The MFJ income limit for contributing to a Roth is $193,000, but the limit for making deductible IRA c...
by gator15
Sun Feb 03, 2019 11:38 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1213

Re: Help me understand the Backdoor Roth IRA

To clarify - when you contributed to the traditional IRAs, did you deduct the contributions? If you mean deducting when I complete my taxes each year, the answer is yes. Hmmm. That doesn't add up. The MFJ income limit for contributing to a Roth is $193,000, but the limit for making deductible IRA c...
by gator15
Sun Feb 03, 2019 10:09 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1213

Re: Help me understand the Backdoor Roth IRA

Longdog wrote:
Sun Feb 03, 2019 5:01 am
To clarify - when you contributed to the traditional IRAs, did you deduct the contributions?
If you mean deducting when I complete my taxes each year, the answer is yes.
by gator15
Sun Feb 03, 2019 10:08 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1213

Re: Help me understand the Backdoor Roth IRA

Currently, there are several threads about Backdoor Roth IRAs and I’m trying to better understand them. Here is my situation. For the first 15 years of my wife and my career, we were eligible to invest in Roth IRAs. Over the last three years, we’ve had to invest in Traditional IRAs due to our incom...
by gator15
Sat Feb 02, 2019 11:24 pm
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1213

Help me understand the Backdoor Roth IRA

Currently, there are several threads about Backdoor Roth IRAs and I’m trying to better understand them. Here is my situation. For the first 15 years of my wife and my career, we were eligible to invest in Roth IRAs. Over the last three years, we’ve had to invest in Traditional IRAs due to our income...
by gator15
Wed Jan 16, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11856

Re: Have I Now Become Out of Touch Financially? Aging question...

I see the OP’s point though as many of you mentioned,it may be based on his location. Nonetheless, I see his point. I’m fairly young but the price of things in 2019 amazes me. I increase my income but then the finish line moves. I’m thankful I bought my house 5 years ago. No way I could afford it to...
by gator15
Wed Jan 16, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 84486

Re: Why are you NOT buying rental properties?

I owned a rental property for about 5 years and sold it a couple years. I really lucked out as I bought a foreclosed condo in a great neighborhood for a cheap price shortly after the the financial crisis. In the time I owned it I had good tenants and made decent money each month on the property. Wha...
by gator15
Tue Jan 15, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 19412

Re: Are You Dumping Netflix?

It's a couple of dollars so no I want Netflix. In fact, they should probably charge more.
by gator15
Tue Dec 25, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 5002

Re: Working Holidays for extra money.

When I was single, my peers offered me money to take their shift on Christmas and New Year's Eve. At the time, I was making about $30k a year and I was offered anywhere between $150 to $200 for a 8 hour shift. I did this for about five years. I then realized I valued the time and turned the money do...
by gator15
Tue Dec 25, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 61677

Re: What NON frugal thing did you do today?

Currently staying in a hotel and went down to the hotel bar and spent $20 for two beers when I had beer in my hotel room. Did so because the bar was showing a football game that wasn’t being shown in my hotel room.
by gator15
Mon Dec 24, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: spent too much? festive season gifts
Replies: 25
Views: 2223

Re: spent too much? festive season gifts

I generally go all out for Christmas. One of my favorite holidays.
by gator15
Mon Dec 24, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 8381

Re: What was your best investment in 2018?

Paying off debt of nearly $70k. Will allow for more disposable income in 2019.
by gator15
Fri Dec 21, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 10879

Re: When did the musicians on the titanic realize their fate?

For the last 17 years I’ve just thrown money at my various investment accounts without thinking much about my asset allocation. The recent drop made me take a look at my AA to determine whether it’s what I desire. What I’ve learned from the recent drop is I may be too aggressive with my AA. Now I’m...
by gator15
Fri Dec 21, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 10879

Re: When did the musicians on the titanic realize their fate?

For the last 17 years I’ve just thrown money at my various investment accounts without thinking much about my asset allocation. The recent drop made me take a look at my AA to determine whether it’s what I desire. What I’ve learned from the recent drop is I may be too aggressive with my AA. Now I’m ...
by gator15
Mon Dec 17, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1663

Re: Military-Advice Needed

All, Thanks for the feedback so far. To answer some of your questions, I don't have to worry about another PCS. My current location is where I will remain and I stay here after retirement as well. Also, throughout my career I've documented any medical ailments. Last, I don't have to worry about any ...
by gator15
Sun Dec 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1663

Military-Advice Needed

All, I need some feedback. Here is my background. I’m in the military and I’m about 5 years out from being eligible for a pension. At this point, I intend to finish my military career at the 20 year mark. Afterwards, I’m not sure if I want to take on another career. I want the option to work part-ti...
by gator15
Sat Dec 15, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 22217

Re: Favorite Purchase of 2018?

I haven't purchased the iPhone 8, but intend to this weekend which will likely be my favorite purchase. I currently have an iPhone 5 with 16MB. Tried to keep it for as long possible, but it's lack of storage has become annoying.
by gator15
Tue Dec 11, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23022

Re: What Happened to you during the Financial crisis of 2007–2008

In the 2008, I had every reason to panic sell, but didn't because it felt like I was losing money to quickly to sell. I reached a point where I said I should just ride this out. That year, I had just reached a six figure amount in savings and I saw it cut in half in no time. That year, I left a stab...
by gator15
Thu Nov 29, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: How do value the cost of commuting?
Replies: 54
Views: 3774

Re: How do value the cost of commuting?

I'm commuting over 3 hours a day to work. Have been for 18 months now. Don't do it. It's soul crushing. I would gladly take a pay cut to have a shorter commute. You don't realize how much a commute like that affects your life. You are always tired and in my case grumpy. My workout regimen changed. M...