Search found 310 matches

by Wricha
Fri Nov 16, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10050

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Thank you sawhorse your point on health is clearly out of ones control and absolutely changes everything.
by Wricha
Thu Nov 15, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10050

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Depends on how long you want to believe you will never make over a $100k. My business partner was married when he was 17 had 5 kids (same wife) HS diploma (no college) trained as a carpenter. Today he is worth north of $40M. How? He was a risk taker, hard worker and started his own business in real ...
by Wricha
Thu Nov 15, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 164
Views: 20557

Re: [Financial] Habits of the Rich

I think OP asked about the habits of the rich not the well off. Even Jack Bogle did not became rich by using Boglehead habits he became rich because he was a risk taker, did not accept no, hard worker, unique idea and built a business those are the habits of the rich. Boglehead philosophy is terrifi...
by Wricha
Tue Nov 13, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 164
Views: 20557

Re: [Financial] Habits of the Rich

Rich is a tough term to define. My definition would be $10M for every $100k you need to cover expenses. For example if your lifestyle required ($200k minimum) to cover living expenses you would need to have $20M to be considered rich (my definition). Why? I just made it up. But if you think about it...
by Wricha
Sun Aug 26, 2018 6:08 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5810

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

Hi there, What would you do with a cash pile of $3.5M at age 63 with 18 months more of further working income. Ignore any future SS payments and private pensions. Only other assets are $1.5M in (non-home) properties and $400,000 in a simple 60/40 BH portfolio. Overall need is to fund retirement wit...
by Wricha
Fri Aug 24, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 5197

Re: Is Treasury Direct worth the hassle?

What is an efficient way to deal with TD? Can you share your tips? First, and most important: if you are changing your linked bank account, make sure you have added the new account successfuly before removing (and possibly closing) the old one. (For what it's worth, I added an American Express savi...
by Wricha
Sat Aug 18, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14038

Re: Remind me (again) how real estate isn't a GREAT investment?

OP real estate is viable way of making money. There is absolutely no question about it. Does everyone make money of course not. Things happen it’s called life. This thread, particularly folks that claims real estate is a bad idea, it appears to me that they are talking more about their fears and les...
by Wricha
Sat Aug 18, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 14038

Re: Remind me (again) how real estate isn't a GREAT investment?

Hey All, I've been a BH'er for almost a decade now. My self taught education through this forum/others has essentially brought me to a Boglehead style investing model, I have used the lazy 3 fund portfolio with basic rules about taxable accounts/all that for many years and it's gone GREAT and I hav...
by Wricha
Fri Aug 17, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Today I retired [should I invest in rental properties?]
Replies: 25
Views: 2999

Re: Today I retired [should I invest in rental properties?]

delamer wrote:
Fri Aug 17, 2018 6:53 pm
How large is your portfolio? How much do you need from it to cover expenses (net after Social Security and pensions)?
Right questions
by Wricha
Fri Aug 17, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2190

Re: Financially Wise to Help Adult Child Buy Larger House

Thank you for quick responses and ideas to consider. We have about $1m in IRAs and investments plus a house worth about $250K. I have LTC but my husband does not. His IRAs would cover about 3 yrs of care in Memory facility if it was necessary to put him there. We have monthly income of about $5K. I...
by Wricha
Fri Aug 17, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2190

Re: Financially Wise to Help Adult Child Buy Larger House

How much are you thinking of giving? How much can you afford? given your the cost of care for your husband. How responsible is daughter and son in law?
by Wricha
Sun Aug 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2184

Re: Comfortably Retired and charity giving?

For those that are comfortably retired (40 times expense or more) what percent of your investments do you contribute to charity? And what percent of your estate do you plan to leave to charity? Personally I never thought of giving as a percent of investments (net worth - personal real estate). I th...
by Wricha
Sat Aug 11, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Younger Folks - Withdraw rates
Replies: 3
Views: 1374

Re: Retirement for Younger Folks - Withdraw rates

livesoft wrote:
Mon Aug 06, 2018 4:50 pm
It's a great series. Thanks for linking it here. :)
No problem I wish I could get more people to read as I thought it was very well done
by Wricha
Sat Aug 11, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 32
Views: 6115

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Silk, Did the same got an email saying I got a 5 year IRA cd but the email did not give any details like the rate. Did you receive some more follow up information? From my post previously outlining the process and timeline I shared - Monday July 23 - Achieva sent me an email and called me to notify...
by Wricha
Sat Aug 11, 2018 7:56 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 32
Views: 6115

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

I wonder why they don't allow this rate outside IRA (i.e. taxable account) Because it isn't a part of their business/marketing strategy. A better question might be how come a regional Credit Union can offer the highest rates on 5 year IRA CD's in the nation. I personally don't have any questions ab...
by Wricha
Sat Aug 11, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2184

Re: Comfortably Retired and charity giving?

I started buying bicycles 5 years ago and donate them to a charity that houses children taken away from the families. At christmas time. I go to Walmart purchase 10 girl bikes and 10 boy bikes. Walmart builds them then delivers them. I like this better that cash donation because the bikes go to the ...
by Wricha
Sat Aug 11, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2184

Re: Comfortably Retired and charity giving?

I plan on buying my way into the promise land on my last trick by donating 100% of my estate to charity. I'm told that isn't the approved solution to the problem. Don't know for sure. YMMV :happy what percent of your estate do you plan to leave to charity? 0%. I'm on a pay as you go plan. The estat...
by Wricha
Fri Aug 10, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2184

Comfortably Retired and charity giving?

For those that are comfortably retired (40 times expense or more) what percent of your investments do you contribute to charity? And what percent of your estate do you plan to leave to charity? Personally I never thought of giving as a percent of investments (net worth - personal real estate). I tho...
by Wricha
Mon Aug 06, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 25652

Re: Most??

Gray wrote:
Sun May 06, 2018 9:42 pm
GIS Guy wrote:
Tue Mar 17, 2009 1:12 pm
I immediately thought of Alan Alda, MASH.
Concur
While Trapper was there and Before BJ Hunnicut arrived after his arrival it was like sitting in church listening to a bad homily on morality.
by Wricha
Mon Aug 06, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Younger Folks - Withdraw rates
Replies: 3
Views: 1374

Retirement for Younger Folks - Withdraw rates

Came across the web site that I thought was very good for people who want to retire early. Many of the posts on this forum are for us old people. The guy put some time into this.
https://earlyretirementnow.com/2016/12/ ... t-1-intro/
by Wricha
Sat Jul 21, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2242

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000. Is that have done? Please relate your experiences in giving those size gifts. I personally don't think it's my job to "change his life". That's up to him and his parents. I hardly think $1k or $10...
by Wricha
Sat Jul 21, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17795

Re: Direct Real Estate Returns

So with 20% and above returns available as easy pickings in all times and places, why is it that iShares Residential Real Estate ETF (REZ) has a 10 year return of 9.38%? I know, it's not 100% residential REITs, but then why are the managers of these Residential REITS so dumb that they get returns l...
by Wricha
Fri Jul 20, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2242

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000. Is that have done? Please relate your experiences in giving those size gifts. I personally don't think it's my job to "change his life". That's up to him and his parents. I hardly think $1k or $10...
by Wricha
Fri Jul 20, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2242

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000.
by Wricha
Mon Jul 16, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 92
Views: 11616

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

Hello, The Forum has already suggested a Schwab Target Fund (or a three fund) for in-retirement investing. I met with Schwab and they recommended a Schwab Intelligent Portfolio (SIP) approach to consider as a lost-cost options: 0% in advisory related fees. I reviewed at least some of the SIP posts ...
by Wricha
Mon Jul 16, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 179
Views: 13075

Re: A different take on retirement income: time segmentation

Withdrawal methods for retirees are obviously one of the most discussed topics on this forum. It is clear that there is no one-size-fits-all approach because everyone has different needs. But I've been contemplating a general withdrawal strategy that could be easily modified in countless ways to fi...
by Wricha
Sun Jul 15, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5583

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sun Jul 15, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5583

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sun Jul 15, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3742

Re: Any kayakers here?

Branching off recent hobby discussions regarding Boglehead weight lifters, I started wondering if there were any Boglehead kayakers around here. I'll start: Grew up doing a decent amount of canoeing as a kid with my uncle. Once I got old enough to start taking vacations myself, I did a whitewater k...
by Wricha
Sat Jul 14, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5583

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sat Jul 14, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10540

Re: When does frugal cross the line to cheapskate?

If your frugality is making someone unhappy, you've crossed the line. That someone could be somebody else ("stingy,") or it could be you ("miserly.") I disagree with that. The fact that I don't buy my mom a porsche that I can afford might make her unhappy, but it doesn't make me a cheapstake or a m...
by Wricha
Sat Jul 14, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5583

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Wed Jul 11, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3742

Re: Any kayakers here?

Branching off recent hobby discussions regarding Boglehead weight lifters, I started wondering if there were any Boglehead kayakers around here. I'll start: Grew up doing a decent amount of canoeing as a kid with my uncle. Once I got old enough to start taking vacations myself, I did a whitewater k...
by Wricha
Tue Jul 10, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 100
Views: 15795

Re: Six stocks make up 98% of S&P 500 gains in 2018

https://www.cnbc.com/2018/07/10/amazon-netflix-and-microsoft-hold-most-of-the-markets-gain-in-2018.html Amazon Netflix Microsoft Apple Facebook Alphabet My thoughts are 1. Weak breadth can signify a market correction or worse 2. A declining cumulative A/D line likewise, but I don't know how to find...
by Wricha
Wed Jul 04, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3757

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they...
by Wricha
Sat Jun 30, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3848

Re: What is your debt interest rate threshold?

This is probably one of the most common threads on here. This link is referenced in many of them https://www.whitecoatinvestor.com/pay-off-debt-or-invest/ Its not just about interest rate though, you have to look at your complete financial picture: emergency savings, salary, job stability, debt amo...
by Wricha
Mon Jun 25, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 4239

Re: Charity giving how much? How much do other retirees give?

I give directly to people that need some help. Far too many charities are plagued with fraud and waste. Yesterday I gave $105 (total) to 5 strangers. I have done that quite often in the past. Today my ablity to give is much greater and to be honest I trust the organizations I have selected. The big...
by Wricha
Sun Jun 17, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3757

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they...
by Wricha
Wed Jun 13, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2967

Re: Trade-up my $89 Walmart bike

No question get the bike and you will find that bike shops will be willing to work on it. No one wants or will work on an 89 dollar bike. I like the lockable feature but not essential. Trek’s are good bike. See if you can buy from local Trek dealer (establish a relationship) they have a $39 one time...
by Wricha
Wed Jun 13, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 6345

Re: Anyone with a paid off house drop homeowners insurance

Slightly different. I have a condo in FL USAA would not write Insurance on it. I came to find out that many of the large insurance companies will not take on additional Florida homes. Then I moved down a couple of teirs and found a “local”insurance company who would. My major concern if a really big...
by Wricha
Sun Jun 10, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 4239

Re: Charity giving how much? How much do other retirees give?

Re: Charity giving how much? How much do other retirees give? Report this post Quote Unread post by RadAudit » Sun Jun 10, 2018 4:07 pm Impossible to answer. Some of the poorest among us routinely give the largest % of their income to charity. That's not something I'd necessarily advocate in your ca...
by Wricha
Sun Jun 10, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 4239

Charity giving how much? How much do other retirees give?

My question is how much money can I afford to donate to charity? My cash flow from investestments ( 1/3 stock 1/3 bonds 1/3 commercial real estate) is probably 2x my expenses without touching principle. 64 years old not taking SS till 70 and leaving a large inheritance is unnecessary. I tend to low ...
by Wricha
Fri Jun 08, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3402

Re: Porsche Macan

Personally bought a few Porsche. Great cars, unfortunately 2%-3% off list will be the best you will do. Even that, will not come easy. Go to a smaller dealership avoid big places (Miami, New York). See what that dealer has allocated from factory this is where you might get your discount. Or take del...
by Wricha
Fri Mar 16, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 94
Views: 14567

Re: Sharonview FCU 64 month CD - 4%

First, thank you Evelyn. Once I got through the enrollment process setting up CD was easy over the phone. The people were friendly and a bit overwhelmed with the demand. They honored the rate even though I had not complete the CD process. I ask to set up 5 cds rather then one big one so if I needed ...
by Wricha
Tue Feb 13, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: Antarctica,South George, Falkland Islands
Replies: 4
Views: 544

Antarctica,South George, Falkland Islands

Planing a trip there next mouth any last minute, tips, recommendations or advice. Thank you
by Wricha
Tue Jan 02, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 154
Views: 12505

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

Put me down for 2885.01
by Wricha
Tue Jan 02, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 72
Views: 25465

Re: Schwab brokerage incentive $2,500 - - - thoughts?

Reviving this old thread. Is Schwab offering $2500 for $1M again in 2018? If so, perhaps it's a hidden bonus because I cannot find it advertised. Schwab generally does not advertise these incentives but they will match anyone’s incentives. I did receive the incentive last year. TD ameritrade may ha...
by Wricha
Mon Dec 04, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 3671

Re: Who keeps more money out of 100k? Self-employed vs Employed?

People who are self employed vs employee: self employed folks are generally looking for other things (autonomy) other than which situation net more at a specific salary. If expenses/taxes increase self employed people are looking at different ways to make more money (not bound to a salary). So I wou...
by Wricha
Mon Dec 04, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6899

Re: It's that time of year again... buying christmas gifts

You could tell people that in lieu of Christmas gifts, you will donate an amount to the charity of their choice. That's my default, not just for Christmas, but for many other events. People seem quite happy to do this. The Human Fund does great work. Ha Ha. Obviously a Seinfeld fan. Me too! :beer 1...
by Wricha
Mon Dec 04, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 3555

Re: Umbrella liability insurance policy to match portfolio size?

Sandtrap I have my umbrella policy through USAA their rates are competitive. As far as matching your portfolio that depends on the size of the portfolio. I don’t remember the exact amount but as I raised my limit, USAA would no longer would cover the whole policy. They began to use another carrier t...