Search found 332 matches

by MikeWillRetire
Fri Mar 29, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4135

Re: Retirement: What expenses did you reduce?

No more mortgage payment. No more life insurance. And all of the expenses that go with raising children.
by MikeWillRetire
Tue Mar 26, 2019 8:56 pm
Forum: Personal Consumer Issues
Topic: Are independent garages cheaper than dealer?
Replies: 58
Views: 4095

Re: Are independent garages cheaper than dealer?

Better to ask who is more honest. My experience with dealers has not been good. But I was very lucky to find an independent garage run by two honest brothers.
by MikeWillRetire
Mon Mar 25, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Don McLean
Replies: 11
Views: 2542

Don McLean

A good article about Don McLean and how he invested his profits from the song "American Pie".
https://www.msn.com/en-us/money/markets ... li=BBnbfcN
by MikeWillRetire
Wed Mar 13, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: Secondary sump pump needed?
Replies: 39
Views: 1650

Re: Secondary sump pump needed?

When the pump turns on, how many seconds does it run before it shuts off?
by MikeWillRetire
Sun Mar 10, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Three Days in DC
Replies: 83
Views: 3564

Re: Three Days in DC

If you will be here on March 30, you can go see the Kite Festival. It is part of the Cherry Blossom Festival, and your kids will probably like it. It is right on the National Mall around the Washington Memorial.
https://nationalcherryblossomfestival.o ... -festival/
by MikeWillRetire
Fri Mar 01, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7092

Re: BH could you live off your SS benefit?

If I postpone it until age 70, and I move to a lower cost area, then we could live off SS. It would cover everything, except travel.
But I don't plan to work to age 70, and I plan to travel, so I need other sources of income.
by MikeWillRetire
Thu Feb 28, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Going to "cash-only" restaurants?
Replies: 109
Views: 4336

Re: Going to "cash-only" restaurants?

Doesn't bother me. I carry cash and cards with me at all times.
by MikeWillRetire
Mon Feb 18, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6905

Re: High earners: thoughts on college and aid

Our household income is around 200k, and we had 2 children in college last year. We did not receive any need-based financial aid from the local state universities.
by MikeWillRetire
Thu Feb 07, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Private school tuition on $200k hhi
Replies: 55
Views: 3059

Re: Private school tuition on $200k hhi

When my wife and I were in our early 40's, we were in a similar situation as you. Two kids, a household income of 200k, $300k in our TSP, and private school tuition was $14k (all in today's dollars). Initially, we were able to afford it. But by the time they were in middle school, we were tapping in...
by MikeWillRetire
Wed Feb 06, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Newb, 40 years old and a bit lost...
Replies: 15
Views: 1715

Re: Newb, 40 years old and a bit lost...

The above advice to not buy a new, more expensive house when you are contemplating a job change is very good. If the problem with your current home is not the location or neighborhood, then are there remodeling changes that you could make to better meet your needs? Challenge right now is the neighb...
by MikeWillRetire
Sun Jan 27, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7154

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

I am a couple of years away from retiring, and I am planning on 60% of my pre-retirement income. Much of my pre-retirement income was spent on raising children, so retiring on 60% will allow me to live quite well. Can't wait!
by MikeWillRetire
Sat Jan 19, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: Is California worth the premium?
Replies: 89
Views: 5347

Re: Is California worth the premium?

At age 56, I visited California for the first time last summer. I get it.
Totally worth it.
by MikeWillRetire
Sat Jan 19, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14201

Re: How much money did you receive from family? (Gifts/inheritance)

About $50k way back in 1989. I lost both of my parents when I was in my 20's. The inheritance allowed my to pay off my student loans, pay for my honeymoon, and put a downpayment on a house.
But I would have given back the $50k if they could have been around a bit longer.
by MikeWillRetire
Sat Jan 12, 2019 9:09 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 10097

Re: Disciplined with finances, but not so with diet

300 calories for breakfast. Egg McMuffin. 560 calories for lunch. Big Mac. 900 calories for dinner. Chick-Fil-A sandwich and fries. Coffee, diet sodas or water to drink. I lost 40 pounds eating mainly fast food. There are better, more nutritious ways, of course, but it's really easy to keep track o...
by MikeWillRetire
Fri Jan 04, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8454

Re: What Do You Spend The Most On Annually?

College tuition and room & board = 30% of gross income.
by MikeWillRetire
Fri Dec 28, 2018 6:26 pm
Forum: US Chapters
Topic: My favorite Boglehead posters
Replies: 142
Views: 8439

Re: My favorite Boglehead posters

HomerJ
Burt
Sheepdog
by MikeWillRetire
Fri Dec 28, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3386

Re: not funding kid's tuition

Well if you don't have the money, you don't have the money. Hopefully you have been saving for your retirement. If not, I understand that paying for college is out of the question.
by MikeWillRetire
Fri Dec 21, 2018 7:39 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13391

Re: Is anyone's portfolio not tanking???

After subtracting contributions, I'm down 0.8% this year. AA is 33/67. Too conservative. How is your long term return with 30/70? I would do no less 60/40 which is a typical balanced folio. I would accept less than 70% of the average market return even it is more stable. I'm only a couple of years ...
by MikeWillRetire
Fri Dec 21, 2018 12:48 pm
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13391

Re: Is anyone's portfolio not tanking???

After subtracting contributions, I'm down 0.8% this year. AA is 33/67.
by MikeWillRetire
Thu Dec 20, 2018 8:06 pm
Forum: Personal Investments
Topic: Current allocation is 100% stocks- any good reason to change?
Replies: 71
Views: 5891

Re: Current allocation is 100% stocks- any good reason to change?

burt wrote:
Thu Dec 20, 2018 6:55 pm
Older people of modest means have no business being anywhere near 100% equities.
Age in bonds is a good place to start for people of modest means.
No way will I jeopardize my Wednesday meatloaf dinner at the local diner.

burt
This I agree with.
by MikeWillRetire
Sat Dec 15, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 19921

Re: Favorite Purchase of 2018?

FIOS internet. Up until this year, we had DSL.
by MikeWillRetire
Sun Oct 14, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4241

Re: How Much Is Your Sewer Bill?

Over a 12 month period, our water & sewer bill averages $50 per month, for two people, in Maryland.
by MikeWillRetire
Tue Sep 18, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3600

Re: Dental work and hypertension issue

The dental school near me does the same thing, but the cutoff was 140/90.
by MikeWillRetire
Sun Aug 12, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 6516

Re: House Value & Mortgage as a Percentage of Net Worth

I will give you my example. 22 years ago, our mortgage payment was 28% of our take-home pay. Daycare was another 36%! Those were some tight budgets. Luckily, our annual raises continued to exceed inflation, so it got easier as time went on. Managed to pay the house off in 22 years. Now the house rep...
by MikeWillRetire
Sun Jul 22, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead plumbers? Need help.
Replies: 16
Views: 1846

Re: Any Boglehead plumbers? Need help.

Sorry, but I had to laugh at your post! Reminds me of when the heating element on my water heater failed, and I thought to myself "how hard can it be to replace that?". I looked up the part on-line, drove to home depot, and proceeded to shutoff the water valve above the heater. But the valve was bro...
by MikeWillRetire
Sun Jul 15, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10711

Re: When does frugal cross the line to cheapskate?

When you use duct tape to extend the life of your paper lunch bag. I worked with a guy who actually did this.
by MikeWillRetire
Thu Jun 21, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 408
Views: 42783

Re: What is/ was your career and would you recommend it now?

Civil Engineer. This career allowed me to live much better than my parents did. But it no longer appeals to me. When I started, we performed calculations by hand, and we sat at large drafting tables sketching up designs for the draftsmen. I really liked that. Today, I sit in a cubicle and spend all ...
by MikeWillRetire
Thu May 17, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Roof TV Antenna Recommendation Needed
Replies: 23
Views: 2080

Re: Roof TV Antenna Recommendation Needed

I recommend checking out this guy's website. He will recommend the best antenna for you based on where you live. I live between Baltimore and DC, and he recommended a double antenna setup that could be installed in my attic!
http://www.dennysantennaservice.com/
by MikeWillRetire
Fri May 04, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Budget for kid's sport?
Replies: 49
Views: 2867

Re: Budget for kid's sport?

I'm glad my two sons eventually chose skateboarding as their sport. No trainers, no travel teams, little parent involvement, and relatively cheap. A big part of the sport involves filming tricks and creating skateboard videos. Now as college students, they are members of the skateboard club, and the...
by MikeWillRetire
Fri May 04, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Growing Fruit Trees and Shrubs
Replies: 30
Views: 3023

Re: Growing Fruit Trees and Shrubs

I found that growing raspberries is fairly easy, but you have to commit to building a good trellis. Though not a tree or shrub, strawberries are pretty easy too.
by MikeWillRetire
Sun Apr 22, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Good pushreel lawn mower?
Replies: 11
Views: 1463

Re: Good pushreel lawn mower?

Twenty five years ago, I bought my first house and began mowing my 0.1 acre lot with a reel mower and hand clippers. That lasted a few years until I discovered battery powered mowers and weed eaters.
by MikeWillRetire
Wed Apr 11, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 4821

Re: Am I being unreasonable?

If you and your wife really want to live in a better school district, I think you should move into that district now, before she starts school. Your wife would give up the idea of private school, and your child wouldn't have the disruption of changing schools. Can you make that work somehow?
by MikeWillRetire
Sun Apr 08, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Gardening 2018
Replies: 70
Views: 7697

Re: Gardening 2018

I have planted snap peas, lettuce, and radishes so far. But the weather has been very cold. Radishes have sprouted, and some lettuce, but the peas have not. I may have to re-seed a bit.
by MikeWillRetire
Wed Mar 28, 2018 11:58 am
Forum: US Chapters
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 24875

Re: A lot of heavy hitters this morning

If the Bogleheads forum makes you feel poor, then check out the Bankruptcy Forum for an attitude adjustment. It's a very humbling forum.
http://www.bkforum.com/
by MikeWillRetire
Wed Mar 28, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 17086

Re: Healthy eaters -- is this grocery budget normal to you?

Since you eat top of the line organic foods, including meats, and shop at Whole Foods, then your groceries cost makes sense. Last year, my wife and I averaged $850 per month at the grocery store, and $450 eating out. That includes paper products, cleaning products, hygiene products, etc. We live in ...
by MikeWillRetire
Tue Mar 27, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Savannah or Charleston?
Replies: 49
Views: 4995

Re: Savannah or Charleston?

I visited both cities a couple of years ago, and I was more impressed with the visual beauty of Savannah.
by MikeWillRetire
Thu Mar 22, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 12402

Re: Losing friends/family when wealthy

Friendships must be maintained, or they will die slow death. If you did not have a wedding, you missed an opportunity to strengthen your friendships. If you don't go out to eat, you are missing opportunities to socialize with your friends. If you don't travel with your friends for vacations, you do...
by MikeWillRetire
Mon Mar 12, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: my house predicament
Replies: 10
Views: 1443

Re: my house predicament

Welcome. I fully understand your concerns. Area demographics change over time. What was a new and thriving community with young families changes over time as a city or region's center of "newness" moves. There are no more young folks, the area is no longer attractive, older folks rent their dwellin...
by MikeWillRetire
Mon Mar 12, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: my house predicament
Replies: 10
Views: 1443

Re: my house predicament

I would be contacting the owners of the house and letting them know that if the insurance doesn't come through, I would be willing to assume control of the property for a reasonable price. I would then have the place razed and expand my fiefdom to put more distance between me and the neighbors. Ith...
by MikeWillRetire
Mon Mar 12, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: my house predicament
Replies: 10
Views: 1443

Re: my house predicament

You might want to wait until the house next door is either rebuilt or destroyed (empty lot) to put yours on the market. Having the house for 24 years I assume it has increased in value some ? SoccerRules, Thanks for the response. We had a nor'easter last week, and it took off quite a few of their s...
by MikeWillRetire
Mon Mar 12, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: my house predicament
Replies: 10
Views: 1443

my house predicament

My wife and I paid off our house in the fall, after 24 years of mortgage. We planned to live here another 2 to 3 years before retiring. It was a new community 24 years ago, but has been declining over the years for various reasons. The house next door is owned by an Army couple who rented the place ...
by MikeWillRetire
Thu Mar 01, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: What bed did you get your toddler and how long did you use it?
Replies: 47
Views: 7207

Re: What bed did you get your toddler and how long did you use it?

My 2 kids went straight from the crib to full-size mattresses. But I'm embarrassed to say that the mattresses were the ones that my wife and I had in our apartments before we got married!
by MikeWillRetire
Sun Feb 25, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: What vacations or weekend getaways are you taking this summer?
Replies: 24
Views: 2236

Re: What vacations or weekend getaways are you taking this summer?

I probably sound terrible for saying this but with three kids under the age of six, anything over an hour in the car is just self torture. I feel you, was just typing this out. Have a newborn and toddler, will be lucky to get to the grocery store. It's a treat to go to the grocery store. Lowe's is ...
by MikeWillRetire
Fri Feb 23, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Time for twins to go to daycare
Replies: 38
Views: 3185

Re: Time for twins to go to daycare

I was paying $20,000 per year for two kids twenty years ago!
by MikeWillRetire
Sat Feb 10, 2018 10:19 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 9518

Re: Does it ever make sense to buy a new car?

Of course! Buy it and keep it until it dies. The difference between new and used cost is negligible when spread over 10 to 20 years.
by MikeWillRetire
Wed Feb 07, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Jogging in the cold.
Replies: 50
Views: 4495

Re: Jogging in the cold.

For me, it depends on the sun and wind. If the sun is shining, and the wind is calm, I will run outside even if the temperature is in the teens. But if it is cloudy, windy, and cold, forget about it.
by MikeWillRetire
Sun Jan 21, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 101
Views: 6627

Re: Going to one income-seeking testimonials

That's good that she brought it up. But, not being a "homemaker" type .....she may change her mind. I recommend being flexible with this decision, allow time to see how it goes, and be willing to change things. My wife chose to work, so we both had to change our paths (we sought out government jobs ...
by MikeWillRetire
Sun Jan 21, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 101
Views: 6627

Re: Going to one income-seeking testimonials

Financially, you can do it. But it really depends on what your wife wants to do. She should be happy with the decision. What does she want to do? You can make it work either way, as long as you are both on the same page. Good luck to you.
by MikeWillRetire
Wed Jan 10, 2018 9:06 pm
Forum: Personal Investments
Topic: Please help guide me to retirement. 401K info added
Replies: 17
Views: 1376

Re: Please help guide me on my road to retirement

bloom2708 wrote:
Wed Jan 10, 2018 2:10 pm
You have an awful lot riding on one income. I guess that is the part that would worry me the most. A recession, a job loss, it would be hard to stay afloat for long.
+1