Search found 970 matches

by climber2020
Fri Feb 23, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 63
Views: 1943

Re: Defining "House Poor"

How about your own definition? My own definition: any dwelling with a purchase price over 2x my annual gross income. From what I've gathered over the years, many people here consider 3x annual income to be the upper limit of how much house you can buy. There might be many reasons why one would pref...
by climber2020
Wed Feb 21, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Anyone have vision problems following cataract surgery?
Replies: 3
Views: 362

Re: Anyone have vision problems following cataract surgery?

See a different ophthalmologist for a 2nd opinion. There are hundreds of things that can go wrong with cataract surgery, and you probably won't find the answer here.
by climber2020
Wed Feb 21, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 1743

Re: Balance in Marriage and Student Loans

I was in a similar lopsided situation when I got married not long ago. I had zero debt and a reasonably substantial net worth for my age, where as wife-to-be had a high five figure debt from grad school student loans. She was insistent that she gradually pay off that debt with her own money, but due...
by climber2020
Sun Feb 18, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 3745

Re: Late 20's female looking for some advice towards financial independence

If you were 28 years old in my position, what would you do? I would move to a lower cost of living area and get a different job. I did exactly that in my late 20s, but I was never a big city person to begin with. Life improved in every imaginable way, and I've been able to consistently save half my...
by climber2020
Sat Feb 17, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10697

Re: What has been your most important skill in achieving financial independence?

Most important skill for me: saying I'm going to do something, then actually doing it with no excuses. I've found over the years that it is uncommon to find people who can do this consistently. Do you mean in the context of your job? In what ways did you personally improve your track record at this...
by climber2020
Sat Feb 17, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10697

Re: What has been your most important skill in achieving financial independence?

Most important skill for me: saying I'm going to do something, then actually doing it with no excuses. I've found over the years that it is uncommon to find people who can do this consistently.
by climber2020
Fri Feb 16, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6475

Re: How to get child's skin in the game for college?

By requiring her to have a certain GPA, the easiest way for her to do that is to take easy classes, those that don't lead to a career. Is that what you want to encourage? I agree with the general sentiment, but this isn't always the case, especially if graduate school is a possibility. My goal from...
by climber2020
Wed Feb 14, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Simplifying the Financial Records
Replies: 8
Views: 1000

Re: Simplifying the Financial Records

I do not track anything. I look at my bank account every morning to make sure it looks right, and I look at the charges on the one credit card I use when I pay off the balance once a week. I check my investments once in a while as well. All of this takes me about 2-3 minutes.
by climber2020
Tue Feb 13, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Simplest TLH Strategy
Replies: 2
Views: 401

Re: Simplest TLH Strategy

4) When I TLH, I will sell specific lots with losses into my Settlement Account. The money will be out of the market for 31 days, but will reinvest back into the same VTSMX fund. This could be a potential problem. Example: Jan 1: market drops 20%. You sell VTSMX and put it into your settlement acco...
by climber2020
Tue Feb 13, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2530

Re: Help me help my niece (College costs, financial aid, etc)

I am helping my niece get ready for college and we got some good news. She was accepted to a school and offered 20k in scholarships from the school. The bad news is the school is more than 50k a year. The wild card is that she is eligible for another scholarship but it is for an undetermined amount...
by climber2020
Mon Feb 12, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3941

Re: Going Paperless Issues

I do everything electonically and have all my bills set to auto pay on either my credit card or auto-draft from my checking account. The initial setup can be a bit of a pain, but then you don't really have to do anything. I get an email once a month from each company when my new bill comes out. I lo...
by climber2020
Mon Feb 12, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Where to put money for car/house expenses
Replies: 10
Views: 520

Re: Where to put money for car/house expenses

Haven't had to do this yet, but the plan is to keep the money invested in my taxable account in either Total Stock or Total International. If I need to withdraw a large amount, I'll sell the lots with the most favorable tax consequences. If this happens during a time when stocks are down, I'll sell ...
by climber2020
Thu Feb 08, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Comcast Modem Rental
Replies: 41
Views: 2623

Re: Comcast Modem Rental

Please note that the OP has voice service and xfinity has very few gateways that are approved for voice. There are basically three kinds of such gateways and the cost is north of $200. FWIW! A Comcast gateway combines modem and router and there is no need for a separate router. I found a used one o...
by climber2020
Tue Feb 06, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 5706

Re: Still waiting to invest?

I'm still waiting to hear back from this person:

Retreat to cash
by climber2020
Tue Feb 06, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Comcast Modem Rental
Replies: 41
Views: 2623

Re: Comcast Modem Rental

Yes- buy your own modem. I bought my own from Amazon when I had no choice but to do business with Comcast several years back. Make sure it's compatible. Once you have your modem, take the rental modem in person to a Comcast branch and get a receipt proving that you returned the equipment. Save this ...
by climber2020
Mon Feb 05, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13394

Re: Financial Hole

If you are still going backwards and a side job doesn't turn you around then bankruptcy may be your only option. But pay attention to what got you to where you are now and learn from it. The vast majority of folks in your situation got there by living beyond their means. I don't go anywhere or do a...
by climber2020
Sun Feb 04, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Night Vision Glasses
Replies: 16
Views: 1959

Re: Night Vision Glasses

Garbage. Don't bother.
by climber2020
Sun Feb 04, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13394

Re: Financial Hole

I am currently heading toward a financial black hole...I'm working 12 hour days just to make ends meet,but now I can't even do that. I've maxed out my cards and am now doing payday loans,but there are only so many in a year I'm allowed from my lender. In the meantime my bills seem to be snowballing...
by climber2020
Sun Feb 04, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Collecting
Replies: 16
Views: 1102

Re: Collecting

I used to collect a variety of things back in the day: action figures, comic books, sports cards, books, video games. Over the last 5 years or so I've gotten rid of all of it, either by donating or selling through Craigslist. I miss none of it. It's nice having a clutter-free house.
by climber2020
Sat Feb 03, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Cheapest funeral options
Replies: 40
Views: 3060

Re: Cheapest funeral options

I plan on specifying in my will to have my ashes placed in a Folgers coffee container. The friends and family around my age who are still alive at the time should get a good laugh at the reference.
by climber2020
Fri Feb 02, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46531

Re: Today was a Really Bad Day

If I remember the definition correctly, I don't think today quite qualifies--doesn't it have to be a 2.5% drop? :wink: Today was actually not a bona fide RBD. Note that VSS dropped 2.6%, but since it is a Friday even VSS did not have an RBD. But suppose you bought more equities yesterday. Maybe you...
by climber2020
Thu Feb 01, 2018 8:20 pm
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 91
Views: 5511

Re: Fewer acronyms please

The one that bugs me the most is YMMV. Your mileage may vary. Unless you're dealing with pure mathematics, of course YMMV for pretty much everything involving the human experience. It's a term that doesn't add anything of substance, like tacking on "you know what I'm saying?" to the end of a sentence.
by climber2020
Thu Feb 01, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Tax Software - Turbotax Deluxe $39.86 Amazon
Replies: 15
Views: 1219

Re: Tax Software - Turbotax Deluxe $39.86 Amazon

I'll be using FreeTaxUSA. Federal is completely free and supports all forms unlike the "free" versions of Turbotax and H&R Block that are crippled unless you pay to upgrade. I used them for the first time this year. Personally I found their website nicer to use than turbotax and taxact. I agree - i...
by climber2020
Thu Feb 01, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Tax Software - Turbotax Deluxe $39.86 Amazon
Replies: 15
Views: 1219

Re: Tax Software - Turbotax Deluxe $39.86 Amazon

I'll be using FreeTaxUSA. Federal is completely free and supports all forms unlike the "free" versions of Turbotax and H&R Block that are crippled unless you pay to upgrade.
by climber2020
Wed Jan 31, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Buying on BD's and RBD's
Replies: 9
Views: 451

Re: Buying on BD's and RBD's

When the market drops to where my asset allocation is off by enough, I move money from bonds to stocks in my 401k. I've not had to ever do this through Vanguard because my 401k, which is with a different company, still has plenty of wiggle room to make AA adjustments. Outside of a very small emergen...
by climber2020
Wed Jan 31, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Introduction, or How does my portfolio look?
Replies: 11
Views: 624

Re: Introduction

Small tip: if you change the title of this thread to something a little more specific than "introduction", you will likely get many more helpful responses.
by climber2020
Wed Jan 31, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Introduction, or How does my portfolio look?
Replies: 11
Views: 624

Re: Introduction

If it were me, I'd get rid of the commodities. A 2% allocation is not going to make any significant difference one way or another. I'd also get rid of the cash allocation inside the IRA and move it into either stocks or bonds. If you want to hold a cash allocation as an emergency fund, that's fine, ...
by climber2020
Tue Jan 30, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 6326

Re: Wow: Shiller PE is 34.52

fredflinstone wrote:
Tue Jan 30, 2018 8:24 am
http://www.multpl.com/shiller-pe/

Just saying.
Do you have any good evidence that this information can be used to time the market in a predictable, reliable manner?
by climber2020
Sun Jan 28, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19547

Re: I bought a stock today - Redfin (RDFN)

No comment, but just posting so I can look this thread up again in 5 years. Meaningless for performance prediction. Survival bias will skew towards extremes. Who goes back to the old Alta Vista or Excite threads? I don't care anything about that. I just like to see how people behave if/when the fut...
by climber2020
Sun Jan 28, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for an emergency cell phone to keep in car....
Replies: 35
Views: 2162

Re: Looking for an emergency cell phone to keep in car....

Whatever you decide on, make sure the device and its battery is able to survive constantly sitting inside a car with an interior that is heated up by the Arizona sun.
by climber2020
Sun Jan 28, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19547

Re: I bought a stock today - Redfin (RDFN)

No comment, but just posting so I can look this thread up again in 5 years.
by climber2020
Sun Jan 28, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Career "advice" for someone without college
Replies: 39
Views: 1951

Re: Career "advice" for someone without college

How about trade school? I have a family friend who does HVAC repair, and he runs his own business and makes good money. The training took 2 years of school after high school.
by climber2020
Fri Jan 26, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12676

Re: When did the bad news start in 2008?

sharkiez wrote:
Fri Jan 26, 2018 4:13 pm
Not trying to time the market here.
Yes; yes you are.

Here's a nice read from that time period: viewtopic.php?t=25126
by climber2020
Thu Jan 25, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5019

Re: Accountant Recommends doing Whole Life Insurance

My accountant recommended me open whole life insurance to save on taxes, this is an advisable strategy? Everything on Bogleheads suggests it's not... Any insight or advice on why he might of recommended it would be helpful. Currently 28, Single, California, 750K 2017 Income (W2/K1). Whole life insu...
by climber2020
Thu Jan 25, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5019

Re: Accountant Recommends doing Whole Life Insurance

My accountant recommended me open whole life insurance to save on taxes, this is an advisable strategy? Punch him in the face and then find a new accountant. I was 29 and single with no desire for children when my financial planner tried to con me into a Whole Life policy. I fired him shortly after...
by climber2020
Thu Jan 25, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2328

Re: Trip cancellation insurance

Skip it. If a situation comes up in your life where you have to cancel a trip and eat the cost, you will still more than likely come out ahead financially by not paying for trip cancellation insurance every time you go on vacation. The other thing to consider is if something happens to you before yo...
by climber2020
Thu Jan 25, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Exterminator Accidently Sprayed our Home
Replies: 55
Views: 5467

Re: Exterminator Accidently Sprayed our Home

The stuff they spray isn't toxic to humans as long as you don't eat large quantities of it. It's even fine for most pets except fish. I pay a guy to spray the inside and outside of my house and would be thrilled if I got an extra accidental treatment. The cat doesn't seem to mind either.
by climber2020
Thu Jan 25, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16267

Re: Dear wife quits job and now we are down to 1 income

Things I would temporarily get rid of if I were in your position: Cable Alarm Lunch/take-out/restaurant costs Cut back on groceries Netflix Gym Landscaper All subscriptions Since your wife is now unemployed, your gas bill should be reduced as well. So your plan is for OP is going to work all day, e...
by climber2020
Thu Jan 25, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16267

Re: Dear wife quits job and now we are down to 1 income

Monthly Expenses: Mortgage, Taxes, Insurance = 1896 Electric =135 Cable, Internet, Alarm = 165 Water = 80 Cell (2 phones) = 86 Car Insurance (2 cars) = 84 Gas = 200 Car Maintenance (Unforeseen)= 75 Lunch and take out = 250 Groceries = 500 Sons formula, diapers, etc = 450 New Health Insurance cost =...
by climber2020
Wed Jan 24, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: What to do with cash now
Replies: 27
Views: 3521

Re: What to do with cash now

skor99 wrote:
Wed Jan 24, 2018 5:22 pm
With the market at all time highs and seemingly overvalued
People have been saying this for at least 5 years.
by climber2020
Wed Jan 24, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 8531

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

My previous iphone's home button stopped working which forced me into the iphone 6s that I have now. The battery on the 6s is almost shot and I've been thinking about getting a new iphone until this iphone throttling scandal broke. Now it appears as if Apple will replace the batteries on all iphone...
by climber2020
Wed Jan 24, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16267

Re: Dear wife quits job and now we are down to 1 income

Monthly Expenses: about 5.5k/ month You need to get this down. A lot. Unless you bought a ridiculous house (very common, unfortunately), you should be able to reduce this number by quite a bit. Can you break down your monthly expenses? I'm sure people can help point out areas where you can cut cost...
by climber2020
Mon Jan 22, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: What First Steps to Take to Help Me Become Financially Independent
Replies: 13
Views: 1330

Re: What First Steps to Take to Help Me Become Financially Independent

You're completely broke, 60 grand in the hole, and in school. The first thing that you should probably do is stop spending money you don't have on stuff you don't need - like that massive list of books you just bought. At this stage of the game, you only need one or two books to read; the free Willi...
by climber2020
Mon Jan 22, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: 5GB iCloud storage vs 128GB iPhone
Replies: 16
Views: 1158

Re: 5GB iCloud storage vs 128GB iPhone

I think my problem is very simple and I am looking for solution which should be simpler. The entire iCloud protocol made sense when you had 2GB phone and 5GB iCloud storage. With 128GB phone and 5GB storage, the cloud backup becomes completely stupid. The Apple's insistence of deleting photos if it...
by climber2020
Sun Jan 21, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 1911

Re: Disability Insurance - Physician

Where do Boglehead-physicians tend get their disability insurance? What are people's opinions about DI through the AMA? From what I read, it is important to ensure that we obtain DI that is occupation specific, has a COLA adjustment, and possibly has a partial disability clause. Is there anything e...
by climber2020
Sat Jan 20, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 2965

Re: Rent (free at library) or buy books?

Library. Any book they don't have they can get on loan from any other library in the country, so availability isn't an issue. I also tend to be better about reading books from the library since I know I have to take them back after a period of time. I hate clutter so rarely buy books anymore, and th...
by climber2020
Mon Jan 15, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1391

Re: TSA locks for luggage

I am traveling to VietNam and has heard that luggage theft is very high there. In the past, I normally used zip ties. But I also heard that TSA locks are worthless. What do BHs use to protect your luggage against potential theft (other than just carry-on). TIA Take only one bag (a carry-on) and don...
by climber2020
Mon Jan 15, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: iPhone 5 storage space question
Replies: 5
Views: 534

Re: iPhone 5 storage space question

1) Transfer all existing photos and videos to your computer, then delete the originals on the phone. 2) Get rid of all non-essential music on the phone. Many people sync their entire music collection and only listen to a fraction of it. 3) When connected to a computer, open up iTunes and there's an ...
by climber2020
Sun Jan 14, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3278

Re: How long do you save tax returns?

DidItMyWay wrote:
Sun Jan 14, 2018 1:16 pm
Trying to de-clutter/purge around here and just realized that I have many years of federal tax returns saved, possibly going back to 1996!
Scan them as PDF files and store them on your computer. No clutter and you can always print them out later if you need hard copies.
by climber2020
Thu Jan 11, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5883

Re: Trying to downsize but still too much stuff

An added comment about your 5 boxes of sentimental stuff: I've found that those are the hardest items to downsize. It took me many, many years to finally do it, but now that it's done I don't miss any of the old stuff one bit. Taking good pictures of them to retain the memories helps. For this trip ...