Search found 333 matches

by mnnice
Sat Sep 15, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10724

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I semi-retired and left a longstanding k-12 gig. I am not interested in climbing anything. I do want to hike the Camino like Victoria. :D I also developed a distrust and unease with some of the older administrators I worked with. They seemed like grouchy micromanagers. I often couldn’t figure out if...
by mnnice
Tue Sep 11, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Need an independent insurance adjuster?
Replies: 5
Views: 527

Re: Need an independent insurance adjuster?

My thought is to first meet with Allstate to see what they offer. If my brother is then dissatisfied, then bring in a/the independent. This seems the more prudent approach. In fact, if a lawyer ends up getting involved, let the lawyer engage a private adjuster if deemed necessary. How would the ave...
by mnnice
Tue Sep 11, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 71
Views: 6300

Re: are mccormick gourmet spices better

I find Penzy's over priced. Some of the mixes are interesting, but I buy from local ethnic markets. The price differences are astonishing. This is fair and accurate. Penzeys has ton of promotions. I got two 1/4 cups size spices free last weekend. Overall prices are higher but deals can be had.
by mnnice
Mon Sep 10, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need an independent insurance adjuster?
Replies: 5
Views: 527

Re: Need an independent insurance adjuster?

Is having an independent adjuster going to provide someone to do the legwork for him? We had a catastrophic fire and dealing with the insurance company was in the early days a full time job and a solid part time job for six months. How good of a self-advocate is your brother or his SO (if he had one...
by mnnice
Thu Sep 06, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18020

Re: How to Retire in Your 30's with $1 Million in the Bank

In my opinion one would be assuming substantial risk of outliving their assets. They would have to lower their standard of living. In addition, they would not build enough credits towards Social Security. Compared to the average 55-64 year old that has saved 180k in their 401k? People that can accu...
by mnnice
Sat Sep 01, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Please check my Roth Conversion Strategy
Replies: 15
Views: 1473

Re: Please check my Roth Conversion Strategy

What is your state’s tax treatment of Roth conversions and/or LTCG? My current state treats them as regular income. In no way a negative critique of your overall plan, but it may be a consideration. :wink:
by mnnice
Thu Aug 30, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8302

Re: Mega Downsize....

4. Next take all CDs to library. Seems like a bad idea to me. CDs do not take much space at all, weigh very little, can be listened to at any time (provided you have a CD player and speakers, of course), and, best of all, you own them. Music that I loaded onto iTunes and then onto an iPhone is seld...
by mnnice
Wed Aug 29, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ty Bernicke, FIREcalc, and SS payments paint a rosy picture
Replies: 9
Views: 665

Re: Ty Bernicke, FIREcalc, and SS payments paint a rosy picture

So, if I believe SS will be around in 2035 and onward, and Bernicke model is correct, I should be closer than I think. I'm skeptical. You should be. Remember that SS is based on your top 35 years of earnings and under your scenario there will be a lot of years with zeros in them. If you can make it...
by mnnice
Wed Aug 29, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with death and the family finances
Replies: 21
Views: 2946

Re: Dealing with death and the family finances

You need homeowners yesterday. Your mom needs the liability insurance and what if there was a fire or bad storm? It seems like the rest of the stuff is not near as time sensitive.
by mnnice
Fri Aug 10, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 747
Views: 214686

Re: Share your net worth progression

I’m not sure the comparison with others is useful, but it is interesting to see that with a bull market and continued contributions balances can take on a life of their own. Sure shows the power of compounding and how it works in an individual’s favor. My DH had a paper notebook with his net worth f...
by mnnice
Mon Aug 06, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7306

Re: "Skin in the game"

I went to a state school and honestly knew very few people who entirely paid their own way or entirely had parents pay for college. Most had a combination of both. I do think struggle is underrated and have met more than a few adults (thirty and forty somethings) that have developed very few problem...
by mnnice
Sun Aug 05, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 7086

Re: Best way to lose $200 in taxable income?

livesoft wrote:
Sun Aug 05, 2018 3:33 pm
Buy an option that you know will expire worthless.
MoviePass stock, I can’t remember the ticker??
by mnnice
Wed Aug 01, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Time to sell my 2003 Accord?
Replies: 33
Views: 2179

Re: Time to sell my 2003 Accord?

My question would be rust. Is it starting rust or still just fine? Rust is both an aesthetic and a safety problem. If not fix it and drive it. My late father would say it’s just broke in good.
by mnnice
Wed Aug 01, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46579

Re: MoviePass-Too good to be true, but it's legit.

Right now some theatres in my area look normal on the app and others have only 20% or so of the actual movies listed on the theatre website or the local paper.

It sure seems like it’s in the death spiral :(
by mnnice
Mon Jul 30, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9825

Re: Realities of Early Retirement Model (FIRE)?

IMO, healthcare is the biggest blind spot facing these folks. If you live in a country where healthcare is provided or heavily subsidise, it's less of an issue. And the USA has been in that category for the past 7-8 years. Going forward, who knows? I don't think most of them realize how much rates ...
by mnnice
Mon Jul 30, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 3597

Re: Chase Sapphire Reserve travel insurance

We had an awful experience as well, but eventual made whole. DH and I argued more than once that the other should call and complain this time.
by mnnice
Thu Jul 26, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2-Year Tour in NM - Any Reason to Stay a Virginia Resident?
Replies: 5
Views: 931

Re: 2-Year Tour in NM - Any Reason to Stay a Virginia Resident?

Lots of the cultural and recreational opportunities in New Mexico have resident and non-resident prices 8-)
by mnnice
Mon Jul 23, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Tornadoes in Iowa,Nebraska,KC In August
Replies: 46
Views: 2645

Re: Tornadoes in Iowa,Nebraska,KC In August

I was reading that the tornado season is usually about done by August so just asking.We live in Calif so no experience with them.I was thinking they would probably not schedule the Iowa state fair during this time if tornadoes were very likely,or maybe they never occur in that area of the state. Th...
by mnnice
Wed Jul 11, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How much should i expect to pay for car insurance?
Replies: 22
Views: 1415

Re: How much should i expect to pay for car insurance?

Hi Bogleheads, Apologies for missing out on some essential info. Here are the below points: 1) age: 26 2) marital status: single 3) driving history: this is my first car 4) make and model of car: honda accord 2015 5) state of residence: NJ 6) whether to be used for business: no 7) where i work: NY ...
by mnnice
Wed Jun 27, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21576

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by mnnice
Tue Jun 26, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21576

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by mnnice
Mon Jun 25, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21576

Re: Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if...
by mnnice
Fri Jun 22, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is it normal for federal and state taxable income to be wildly different?
Replies: 10
Views: 815

Re: Is it normal for federal and state taxable income to be wildly different?

We have had no federal liability and a solid four figure state liability as my state taxes LTCG as regular income and our rate is zero on those from the feds.
by mnnice
Fri Jun 22, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Two Toyotas - time to update for long trips?
Replies: 25
Views: 2215

Re: Two Toyotas - time to update for long trips?

I have a 2010 Prius with 100k and a 2004 Pontiac Vibe (a GM branded Toyota) with 216k. I wouldn’t hesitate to drive either 500 miles in non-blizzard conditions.
by mnnice
Tue Jun 19, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6217

Re: Lost job. Take early SS or draw from accounts?

I would argue to wait til at least 65 to take SS. The way the current system works by taking it now you are both decreasing your SS annunity amount and increasing your monthly health care premiums.
by mnnice
Sun Jun 17, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6217

Re: Lost job. Take early SS or draw from accounts?

Once she loses her job and finds herself in greatly reduced circumstances, the Medicaid people use that, not her YTD earnings/income in calculating her eligibility. Perhaps "is eligible for unemployment at $405/week for 26 weeks. " impacts her ability to get Medicaid http://www.wnylc.com/health/ent...
by mnnice
Fri Jun 15, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7400

Re: can we afford to spend $20K on travel annually

I remember staying in a nice city center hotel for a vacation we took when our kids were about 6 and 9. The 9 year old liked the hotel. The 6 year old thought that the next vacation we should have a “better “ hotel. When asked for specifics he wanted a waffle machine and a pool he could stand up in....
by mnnice
Sat Jun 09, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6647

Re: Moved Family Across Country for New Job and Job is now gone

Collecting unemployment is not contingent on your location. I collected unemployment from state A (when I worked there I lived in state B), and moved to state C while collecting unemployment.
by mnnice
Thu Jun 07, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4727

Re: How much to budget for a week long vacation for 2?

Since my "final" retirement in April 2017, we've taken 7 vacations, each lasting 1-3 weeks. Of these, 5 were done using a website that offers free accommodations in exchange for pet sitting duties, and 2 of the pet sits were international (Vancouver and SW France). Often this included airport picku...
by mnnice
Mon Jun 04, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 2884

Re: How gameable is the FAFSA for the early retiree?

I actually think having an income low enough for reduced lunch accomplishes the same thing.

I think the bigger problem is a EFC of zero will be gapped at nearly all colleges in this country.
by mnnice
Fri Jun 01, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 18913

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Due to grade inflation in high schools accompanied with the SAT being made easier it is difficult for the top kids to differentiate themselves. Even the SAT Math II score of 800 is awarded to 75% of the kids who take it. Are you sure? I find it hard to believe. I understand that there is grade infl...
by mnnice
Tue May 22, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5334

Re: Buy an old farmhouse?

My experiences with country living was mixed. Things I would be leery of would be snow removal both how are you going to take care of your drive and how timely will your road be plowed. I would expect lots more utilities expense. We had four figure utility bills when we lived in a house of that size...
by mnnice
Mon May 21, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: Anyone Using Food Sealing Vacuums (eg FoodSaver)?
Replies: 23
Views: 1993

Re: Anyone Using Food Sealing Vacuums (eg FoodSaver)?

I don’t have one but unless I had something super premium (halibut steaks or grass feed lamb chops or something) I wouldn’t bother. For things like berries or peas freezer ziplocks are superior as I can divvy out what I want. They tend to not freezer burn to bad anyway. I prefer freezer paper for me...
by mnnice
Sun May 20, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5838

Re: Finance a $28,000 house for Brother?

https://www.trulia.com/p/tx/brownsville/2628-yolanda-st-brownsville-tx-78521--2071564852 Here is a link to the house I used to live in for those who think a 20k or 30k house doesn't exist or must be condemned. The owner never made a repair in the years I lived there. Property taxes are 400/yr or so...
by mnnice
Thu May 17, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 4217

Re: I will be laid off but can not get unemployment benefits?

Check your state. I collected unemployment for about nine months and had a part-time job (w-2) nearly the entire time. There are pretty massive variations from the most generous states and the least. woww how is this possible? I guess it depends on the state. I think in Texas, they will deduct part...
by mnnice
Thu May 17, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 4558

Re: Must See in South Dakota

I would like to clarify if you are going from the Twin Cities to the Black Hills Sioux Falls is not the mid-point. It’s about four hours of a thirteen hour drive. Minneapolis to Sioux Falls: 4 hours Sioux Falls to Rapid City: 5 hours Still another hour to Custer. I personally don’t consider Rapid C...
by mnnice
Thu May 17, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1532

Re: Long term investment in grains/wheat

aristotelian wrote:
Thu May 17, 2018 5:16 pm
Stock in Archer Daniels, The Andersons, or Cargill?
Cargill is a private company. 8-)

The prepper in me thinks maybe having a 100lbs that you rotate through ever year or two wouldn’t be the worst idea :wink
by mnnice
Thu May 17, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 4217

Re: I will be laid off but can not get unemployment benefits?

Check your state.

I collected unemployment for about nine months and had a part-time job (w-2) nearly the entire time. There are pretty massive variations from the most generous states and the least.
by mnnice
Tue May 15, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 4558

Re: Must See in South Dakota

Palisades State Park has not been mentioned yet. It’s my favorite park in eastern South Dakota.

I would like to clarify if you are going from the Twin Cities to the Black Hills Sioux Falls is not the mid-point. It’s about four hours of a thirteen hour drive.
by mnnice
Mon May 14, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2583

Re: Best way to define "rich"?

If you can afford to buy the Tropicana even if the other brand of orange juice is on sale. I struggle with this and I don’t think another 1 million, 5 million would get me to be not mindful of the price of every day purchases. Other people people live paycheck to paycheck and always just buy their ...
by mnnice
Fri May 11, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Payment in Lieu of Health Benefits
Replies: 10
Views: 965

Re: Payment in Lieu of Health Benefits

I received cash in lieu of health insurance for ~10 years. It ended up being $600-700 per month but we did take DH’s more expensive, less comprehensive coverage. It was a benefit negotiated by the union as we had several married couples on staff. It was a great deal while it lasted and it ended sudd...
by mnnice
Wed May 09, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2879

Re: Pay capital gains now, avoid ACA cliff later?

What is your current yield on your taxable? Do you have any concerns about any individual stocks (if you own any) being acquired by someone else or declaring a special dividends, or anything else that could inadvertently push you over 400% of poverty? I would be careful not to cut it too close.
by mnnice
Wed May 09, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4931

Re: AMC Movie Theaters -- typical OR not?

The AMC closest to me it an late 1980s time warp. I have four theaters I frequent. One wins for convenience (its an easy walk). One wins for best movie choices and concessions. I have a Cinemark that wins for seats and having morning shows. The AMC stinks and I only go if I want to see a movie playi...
by mnnice
Fri May 04, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2942

Re: Moving downtown Chicago. Should I sell my car?

When I moved to downtown Chicago a few years ago I sold my car. I've had precisely zero regrets. Downtown is very walkable (flat, and all the essentials are a short walk). CTA is decent, and is generally convenient for crossing town or getting to either airport. Uber/Lyft are readily available and ...
by mnnice
Thu May 03, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"
Replies: 13
Views: 1928

Re: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"

Classic partnership division of working roles. One is in charge of laundry and cooking. The other is in charge of home maintenance and paying bills. Trouble begins when that partnership division ends due to death, illness or divorce. And if we are honest they all end. I have stuff I do nearly every...
by mnnice
Wed Apr 25, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: FIRE and health insurance
Replies: 25
Views: 4377

Re: FIRE and health insurance

> How do you handle health insurance when you retire early? Simple. You're not financially independent until you have a plan to afford health care. I think the OP gets that. He or she is trying to figure out a rough estimate of what it will take to have insurance. I think if you retired right now y...
by mnnice
Mon Apr 23, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 11758

Re: Nomadic lifestyle in their 50s

Hey OP! South Dakota has no income tax and is centrally located. You won't spend much of your condo profit buying this homebase. 3 bedrooms for only $29,600! https://www.zillow.com/homedetails/206-W-8th-St-Woonsocket-SD-57385/114566708_zpid/?fullpage=true That would qualify for what my SO calls “qu...
by mnnice
Thu Apr 19, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18298

Re: Can I retire at age 40?

[quote=Tamalak 6) Ignore the widespread sentiment on this thread and elsewhere that REAL men work themselves into the grave :sharebeer [/quote] +1000 My only other comment as a semi-retired human with children still at home is that unless you homeschool, school schedules can severely limit travel ev...
by mnnice
Wed Apr 18, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Retire early. Do you think it is possible?
Replies: 33
Views: 3563

Re: Retire early. Do you think it is possible?

Vacations are nowhere near the top of the list when it comes to expenses in an early retirement. You can get there, but the timing seems like it would be terrible. As mentioned, two kids in college, no access to medical coverage in early retirement, etc...... You need to do a lot more reading here ...