The usual formulation for this particular analysis is "expenses," not "net income." But either way, cool.eastwayroad wrote:with roughly 35 x current annual net income.
Search found 429 matches
- Wed Oct 07, 2015 5:25 am
- Forum: Personal Finance (Not Investing)
- Topic: Retired!
- Replies: 44
- Views: 6357
Re: Retired!
- Fri Sep 11, 2015 11:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Balancing house vs. retirement savings
- Replies: 18
- Views: 3313
Re: Balancing house vs. retirement savings
I'm a pessimist. But one of the few things I'm optimistic about is the Pacific Northwest. Good demographics, reasonable tax rates, and you have water. Get your house, but avoid a McMansion. With a cheaper/smaller home, it's cheaper to buy, easier to sell, much cheaper to run and insure, and a smalle...
- Thu Sep 10, 2015 1:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Prospective home buyer
- Replies: 23
- Views: 2954
Re: Prospective home buyer
I inherited a $1M home that I've been trying to sell for the past 9 months. The market is telling you, it's not a $1MM home. And the reason it's not selling is your asking price. Ask yourself this: if I listed this home for $1, would it sell? If the answer is yes, then you have a saleable home -- i...
- Sun Sep 06, 2015 1:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Career Issue -- How do I recover?
- Replies: 55
- Views: 8373
Re: Career Issue -- How do I recover?
Also leaving my agency really isn't an option. I've been here for a decade amped don't really know how to do anything else. If I left, I would have to start over, which would require a substantial pay cut. At 37, and with my responsibilities, I cannot start over. Then the harsh truth is, you have z...
- Sun Sep 06, 2015 1:28 pm
- Forum: Personal Investments
- Topic: Confession time.....no stocks
- Replies: 60
- Views: 7742
Re: Confession time.....no stocks
Hoops, if you like your bonds, then keep your bonds. Something you should consider, a prior post of mine concerning whether equity investors are truly being compensated for the much greater risk they take. Bond versus equity risk . Read this post. Understand the math. Even more important, understand...
- Sat Sep 05, 2015 9:18 am
- Forum: Personal Investments
- Topic: What advice should I give to a retired foreign professional athlete?
- Replies: 5
- Views: 974
Re: What advice should I give to a retired foreign professional athlete?
Keep it that way.no children.
- Thu Sep 03, 2015 12:49 am
- Forum: Personal Finance (Not Investing)
- Topic: Laid off recently and would like job search advice.
- Replies: 34
- Views: 4978
Re: Laid off recently and would like job search advice.
Vive la bubble. Link.LunaInvestor2048 wrote:because I'm wondering why I'm not even getting calls
- Wed Sep 02, 2015 3:33 pm
- Forum: Personal Investments
- Topic: Muni Bond Cost
- Replies: 4
- Views: 764
Re: Muni Bond Cost
With individual bonds, like munis, in the secondary market you'll get screwed on the spread, every time. Muni bond market is essentially and OTC market, and these market makers try to make bank with every buy and sell. There's two things you can do if you want to purchase individual bonds. First, bu...
- Thu Aug 20, 2015 7:55 pm
- Forum: Personal Investments
- Topic: New to investing: Investing with friend
- Replies: 56
- Views: 4000
Re: New to investing: Investing with friend
Those fees are outrageous.
Listen to the significantly more experienced investors here: run from this "opportunity" with your friend. And if you don't heed this advice, then you deserve to get ripped off.
Listen to the significantly more experienced investors here: run from this "opportunity" with your friend. And if you don't heed this advice, then you deserve to get ripped off.
- Wed Aug 19, 2015 12:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retirement homes
- Replies: 22
- Views: 4849
Re: Retirement homes
Beware any large upfront fee for a retirement community. I wouldn't pay it, ever. Oh sure, there are many adult communities that have these enormous move-in fees. What a great deal for them: they get control of your money and earn interest; in return you get a promise they will return some portion o...
- Fri Aug 07, 2015 10:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Chase asking for liquid net worth, total net worth...
- Replies: 46
- Views: 14186
Re: Chase asking for liquid net worth, total net worth...
Keep clutching those pearls . . . .TradingPlaces wrote:I think this conversation is becoming overly political at this point.
I expect the closure of this thread to be imminent, due to references to government and political stuff.
- Wed Aug 05, 2015 4:02 am
- Forum: Personal Investments
- Topic: Am I wrong? [to assist family members with finances]
- Replies: 32
- Views: 5286
Re: Am I wrong?
People here are concluding that their inaction is driven by a desire to blame you if the investments don't work out. Based solely on what you've said, I didn't reach that conclusion. This is a misreading. What I and others have said is, if the investments don't work out, the original poster will be...
- Wed Aug 05, 2015 1:52 am
- Forum: Personal Investments
- Topic: Am I wrong? [to assist family members with finances]
- Replies: 32
- Views: 5286
Re: Am I wrong?
He wanted me to log into his account and buy the fund for him because he couldn't figure it out. Don't do this, ever. If the selection goes south, you will never hear the end of it -- or worse, will be expected to make up any future losses. You need this kind of aggravation like you need a hole in ...
- Wed Jul 08, 2015 12:49 am
- Forum: Personal Investments
- Topic: Seeking Advice on Windfall Inheritance
- Replies: 22
- Views: 5246
Re: Seeking Advice on Windfall Inheritance
Let me echo a previously-expressed sentiment. Proceed carefully with any property purchase. Even with the inheritance, you'll barely have enough to purchase a stucco shack in the Bay Area. I visit frequently, you live there; I don't need to tell you that more modern properties that don't need work a...
- Tue Jul 07, 2015 7:56 pm
- Forum: Personal Consumer Issues
- Topic: inheritance to pay college loans
- Replies: 16
- Views: 3411
Re: inheritance to pay college loans
Student loans are recourse loans, and usually cannot be discharged. In other words, it's one of the most pernicious forms of debt. Extinguish them ASAP.
- Mon Jun 22, 2015 4:08 am
- Forum: Personal Consumer Issues
- Topic: Rear ended another vehicle
- Replies: 11
- Views: 2723
Re: Rear ended another vehicle
Don't waste the insurance co's time. They won't care.alwayshedge wrote:5 mph . . . . Should I still report this to my insurance in the off chance
- Mon Jun 08, 2015 4:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Buy vs lease thread (not the beat to death one)
- Replies: 12
- Views: 4568
Re: Buy vs lease thread (not the beat to death one)
Mercedes Benz CLA 45 AMG As I think you may have mentioned, AMGs suffer major depreciation across all model lines. Buy one that's four years old, you may be able to get it for 25% of MSRP. Don't buy new; not only will you be flushing your loot down the toilet, but there are savvy used AMG buyers ju...
- Wed May 27, 2015 5:48 am
- Forum: Personal Investments
- Topic: I know you hate Whole Life Insurance
- Replies: 24
- Views: 7329
Re: I know you hate Whole Life Insurance
I am 30yrs old and already have 1mm in whole policy that I am max funding with the hope it will be self sufficient after 5-6 years and living off its dividends. To get this fully funded will require about 10% MORE of my net worth. Better review those transaction documents, riders, disclaimers, and ...
- Wed May 27, 2015 5:43 am
- Forum: Personal Investments
- Topic: Net Worth
- Replies: 12
- Views: 3220
Re: Net Worth
No.dekecarver wrote:your retirement from State Gov retirement plan is $45K/yr and lets say you plan on living another 35 years would you count that as roughly $1,575,000 towards your net worth even knowing that once your gone that pot of $$ is also gone?
- Thu May 21, 2015 1:02 pm
- Forum: Personal Consumer Issues
- Topic: A trip to Disney World - What are the best days during Christmas time?
- Replies: 33
- Views: 5436
Re: A trip to Disney - What are the best days during Christmas time?
Will the fact that we will be staying at a resort inside the Disney make a difference? No. The boats and monorails will be jammed. The only benefit is you won't have to exit the parking lot (which is a significant benefit). Your time period is the absolute worst time to go. You will be paying $105 ...
- Thu May 21, 2015 12:51 pm
- Forum: Personal Consumer Issues
- Topic: Put money down on new car, dealer wants color change
- Replies: 52
- Views: 15981
Re: Put money down on new car, dealer wants color change
Never do this.retire2044 wrote:We recently put $1000 earnest money down to purchase a 2015 Nissan Pathfinder. We had reached a price agreement for the new vehicle, and the money allowed them to finalize the search for the vehicle we requested.
- Sat May 16, 2015 5:21 pm
- Forum: Personal Consumer Issues
- Topic: Huge Problem With First Home
- Replies: 28
- Views: 7243
Re: Huge Problem With First Home
I feel totally screwed on my first home. The truth is, you did get screwed. Do I have any recourse? Start here . You need to look over every single sentence of all documents associated with your home purchase, as well as the inspection report(s) -- and especially any waivers and disclaimers in any ...
- Fri May 15, 2015 4:04 pm
- Forum: Personal Consumer Issues
- Topic: Aren't we overdoing electronic auto safety features?
- Replies: 267
- Views: 52640
Re: Aren't we overdoing electronic auto safety features?
Is this a case of over-insuring against minuscule risk, and a case of auto companies finding a new way to capitalize on fear and paranoia to increase their profits? No. And even if it is, I still want more electronic safety features. Why? Because so very many people are stupid -- that's why. I see ...
- Fri May 15, 2015 4:03 pm
- Forum: Personal Consumer Issues
- Topic: Aren't we overdoing electronic auto safety features?
- Replies: 267
- Views: 52640
Re: Aren't we overdoing electronic auto safety features?
Is this a case of over-insuring against minuscule risk, and a case of auto companies finding a new way to capitalize on fear and paranoia to increase their profits? No. And even if it is, I still want more electronic safety features. Why? [OT comment removed by admin LadyGeek] Many don't pay any at...
- Tue May 12, 2015 10:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Executor of Will ignores instructions in will!
- Replies: 21
- Views: 8361
Re: Executor of Will ignores instructions in will!
Short answer is yes.
- Sun May 10, 2015 6:25 am
- Forum: Personal Consumer Issues
- Topic: Do banks take loose coinage?
- Replies: 55
- Views: 17990
Re: Do banks take loose coinage?
Do banks still take loose coinage without charging you a fee like Coinstar? They used to, but it's been ages since I've done that. Get an account at a local credit union that has a coin sorter, and offers access to it free for customers. The way it works is, you go to the machine, insert your debit...
- Sun May 10, 2015 1:08 am
- Forum: Personal Finance (Not Investing)
- Topic: Frugality Reinforced - The Millionaire Next Door
- Replies: 84
- Views: 21451
Re: Frugality Reinforced - The Millionaire Next Door
and generally don't care what others think , but I cannot deny that I sometimes feel a little self-conscious about it. I wonder sometimes if new acquaintances or friends whom I haven't seen in a while will speculate about my financial situation . . . . I admit this was purely out of self-consciousn...
- Tue Apr 28, 2015 3:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Best way to sell a used wedding ring?
- Replies: 18
- Views: 7738
Re: Best way to sell a used wedding ring?
Jewelry = ripoff. Buy a piece at retail, then turn right around and attempt to sell it at another jewelry store. You'll be lucky if you're offered 10% of the price you paid not five minutes ago.
- Thu Apr 23, 2015 1:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Marriage and splitting expenses
- Replies: 112
- Views: 13617
Re: Marriage and splitting expenses
^ That sounds like a good plan. My lady and I have our own accounts as well, and our trust is absolute. That is the important piece. We both do basically whatever we want. None of this "checking in" nonsense. I cringe when I see these "I need to check with my spouse" posts; who t...
- Tue Apr 14, 2015 3:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Don't come to Europe with a new chip and sign credit card
- Replies: 62
- Views: 34185
Re: Don't come to Europe with a new chip and sign credit car
United States banks are cheap and stupid. Chip + user-entered pin are superior to chipsig. Chase Sapphire recently started mailing these revamped chip-signature cards. Good to know they are worthless overseas. What a waste of time and money, when they should have implemented chip-pin correctly in th...
- Sat Apr 11, 2015 12:35 am
- Forum: Personal Consumer Issues
- Topic: On a budget and Friday night
- Replies: 68
- Views: 8552
Re: On a budget and Friday night
Question for the rich folks, what fun things you and your family do Friday night? Avoid crowds, avoid annoying people, and avoid anything to do with children. Crowded event, pretty much automatically skip it. Exclusive or invitation-only event, we may attend. Or not. Also, we make many last-minute ...
- Sun Apr 05, 2015 7:31 pm
- Forum: Personal Consumer Issues
- Topic: Sunglasses $6 to $200
- Replies: 30
- Views: 5284
Re: Sunglasses $6 to $200
Get Maui Jims, with glass lenses, preferably polarized. I personally think they are the best out there that are reasonably available to consumers. They have great lenses, great performance, look excellent -- and because the lenses are glass, you can clean them vigorously with plain soap, water, and ...
- Tue Mar 31, 2015 2:29 am
- Forum: Investing - Theory, News & General
- Topic: Did you learn anything from 2008?
- Replies: 105
- Views: 14956
Re: Did you learn anything from 2008?
Don't believe people when they tell you they can "stay the course." Look up "Plan B" and related Boglehead posts from around that time. Eye-opening.
- Fri Mar 27, 2015 3:46 am
- Forum: Personal Consumer Issues
- Topic: WSJ Delivery Record - Dismal
- Replies: 28
- Views: 3913
Re: WSJ Delivery Record - Dismal
Online edition of WSJ is great. iPad WSJ app is fantastic. Why put up with this nonsense when you can have the content sent to you digitally, instantly, and carry it with you everywhere on your preferred device, be it desktop, laptop or tablet? Also, newsprint already is dead. Just a matter of time ...
- Thu Mar 19, 2015 10:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: CPA, CFP, CFA, MBA - all needed to be a financial adviser?
- Replies: 19
- Views: 3109
- Thu Mar 12, 2015 2:19 pm
- Forum: Personal Consumer Issues
- Topic: Ink Cartridges dry up on seldom used printer, any ideas?
- Replies: 32
- Views: 12723
Re: Ink Cartridges dry up on seldom used printer, any ideas?
Laser. Monochrome. Powder polymer toner. Problem solved.
- Wed Mar 11, 2015 8:54 pm
- Forum: Personal Consumer Issues
- Topic: What internet speed is fast enough?
- Replies: 52
- Views: 22558
Re: What internet speed is fast enough?
Be aware bandwidth is one thing. But another important determinant is latency. Lower latency is much better, and a higher latency may be associated with some of your issues, though of course it may also be the 6/1 speeds, or your location on the trunk and worsening performance as neighbors suck up m...
- Wed Mar 04, 2015 3:04 am
- Forum: Investing - Theory, News & General
- Topic: Wondering how to convert to Admiral Shares?
- Replies: 13
- Views: 2084
Re: Wondering how to convert to Admiral Shares?
How to convert? Answer: add money.
- Wed Mar 04, 2015 3:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Not Interested in Ever Owning Real Estate
- Replies: 35
- Views: 4877
Re: Not Interested in Ever Owning Real Estate
I was wondering how many of you have reached your long term retirement/savings goals without every owning any real estate? Older than you, no kids. High cost of living area. I think you've been given some good advice, especially rent now, buy later. My experience in an expensive locale is, we saved...
- Sat Feb 28, 2015 8:59 pm
- Forum: Personal Consumer Issues
- Topic: iPhone upgrade
- Replies: 30
- Views: 4619
Re: iPhone upgrade
Tried Android phones. Hated the software, not nearly as robust as iOS, had multiple crashes, hangs, flaws, problems. Further, most Android manufacturers are terrible with support. Samsung and LG, for example, provide almost no updates for the phones past a year. PITA trying to upgrade to the latest ...
- Thu Feb 12, 2015 2:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Renting after retirement - how to meet income requirements?
- Replies: 31
- Views: 10002
Re: Renting after retirement - how to meet income requiremen
They were unwilling to supply any other info. . . . We turned them down because of the inability to supply sufficient documentation. This is your right, of course, but there are citizens with significant assets who simply refuse to provide detailed financial records -- and I don't blame them. Many ...
- Tue Feb 10, 2015 2:33 am
- Forum: Personal Investments
- Topic: Multiple Account Breakdown for Early Retirement?
- Replies: 8
- Views: 1350
Re: Multiple Account Breakdown for Early Retirement?
As an aside, the 10% penalty withdrawals disgust me to no end. Yes, I understand the purported reason, don't blow retirement money on frivolity. But why should responsible savers and early retirees have to forfeit 10% of their savings to access their own money on an accelerated time schedule befitti...
- Tue Feb 10, 2015 2:18 am
- Forum: Personal Finance (Not Investing)
- Topic: Amica burned me, now what...
- Replies: 43
- Views: 10883
Re: Amica burned me, now what...
Second, is the concept of preferred risk applicable to mutual insurance companies? Yes. In theory, mutual insurance companies are analogous to credit unions in that there's an implied social benefit/non-preferred element to their structure by design. No, not analogous. Although credit unions may be...
- Mon Feb 02, 2015 5:36 pm
- Forum: Personal Consumer Issues
- Topic: First Time Dog Owners -- Any Regrets?
- Replies: 83
- Views: 10411
Re: First Time Dog Owners -- Any Regrets?
Cynic's perspective. We live in a gated community that has it's own dog park, a large grassy field with benches and wide open space beyond that. Plus there are dog "disposal" bags and pails all over the place. I see lots of people walking dogs in the neighborhood -- and not all of them loo...
- Mon Feb 02, 2015 10:26 am
- Forum: Personal Investments
- Topic: Met a Vanguard basher TransAmerica Insurance pusher
- Replies: 41
- Views: 6901
Re: Met a Vanguard basher TransAmerica Insurance pusher
Host needs higher quantity and quality alcohol.mountainman99 wrote:at a friend's super bowl party . . . We got to talking about finances"
- Sat Jan 31, 2015 8:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Take the job?
- Replies: 68
- Views: 4423
Re: Take the job?
Take the job. Hurricanes aren't an issue unless you are right on the water or live on the the oceanfront sand barriers. I also suggest you watch the recent PBS special on sinkholes -- and don't buy a home in any sinkhole-prone areas.
- Tue Jan 13, 2015 12:23 am
- Forum: Personal Investments
- Topic: Dazed, Confused and Upset
- Replies: 70
- Views: 11102
Re: Dazed, Confused and Upset
[OT comment removed by admin LadyGeek]
- Mon Jan 12, 2015 3:23 am
- Forum: Personal Finance (Not Investing)
- Topic: Two Homes in Retirement?
- Replies: 38
- Views: 6343
Re: Two Homes in Retirement?
For anyone with experience in buying/selling condo's, would you buy or would you lease a condo that might be only semi-permanent- maybe changing every 2-3 years? You'll be flushing money down the toilet if you are flipping condos every few years. Not to mention the taxes and common charges will rea...
- Sun Jan 11, 2015 4:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Doing my taxes by hand
- Replies: 64
- Views: 8642
Re: Doing my taxes by hand
The point, I think, is to learn which items have the biggest impacts . . . and then to use that knowledge going forward to make investment and other financial decisions Hence why spreadsheets were invented with the dawn of the computer. And tax software is nothing more than a spreadsheet with a pre...
- Sun Jan 11, 2015 4:26 pm
- Forum: Personal Investments
- Topic: Saved for Down payment, but decided against house
- Replies: 5
- Views: 852
Re: Saved for Down payment, but decided against house
As of Jan. 8, the 6mo T is paying .08%, or basically $120. The 1yr is paying 0.23%, or $345. Bottom line, with this relatively small amount of money, on a six month or one year time frame, at current Fed rates -- it's worth neither the risk nor the effort to explore anything other than a savings acc...