Search found 40 matches

by DieselEngineer
Fri May 09, 2014 10:18 am
Forum: Personal Consumer Issues
Topic: Pressure Washer Hose
Replies: 17
Views: 4032

Re: Pressure Washer Hose

Pressure is force exerted over a given area. 1800 psi is 1800 psi no matter the size of the container. Buy the new hose. Unscrew the old hose from the PW and the wand. Lefty loosey. Screw on the new hose ends. Righty tighty. Aside from the safety factor, your electric PW has a pressures switch insid...
by DieselEngineer
Sat Apr 26, 2014 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Experience as a Government contractor?
Replies: 6
Views: 751

Re: Experience as a Government contractor?

Questions to ask: When does their contract with the USG end? What happens when their contract ends? I would have a one year renewal contract, at their option or mine. I doubt I would renew after the year, because I have other things to do but I don't see the need going away. D Not your contract wit...
by DieselEngineer
Tue Apr 15, 2014 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: 22 Y/O Cadet Advise
Replies: 8
Views: 929

Re: 22 Y/O Cadet Advise

http://www.bogleheads.org/wiki/Military_finances This link is the bogle wiki page targeting military personnel. Don't discount the TSP. The G and F funds are very good, very cheap, and (in G's case) as close as you can get to a free lunch. I am a civilian fed and use f and g for my bond allocation,...
by DieselEngineer
Sat Apr 12, 2014 6:42 am
Forum: Personal Consumer Issues
Topic: I have a cell phone and am in search of a carrier
Replies: 24
Views: 2218

Re: I have a cell phone and am in search of a carrier

I use straight talk. You can buy a SIM card from Walmart and top it off on line.
by DieselEngineer
Wed Apr 09, 2014 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Wait for better tenant application or approve the one I have
Replies: 27
Views: 2416

Re: Wait for better tenant application or approve the one I

I rent out a house based on a one year lease. I specify in the lease that the tenant has the option to renew for another year. I never do month to month, only leases with options to renew by mutual agreement. I also specify that I MAY raise the rent at renewal by not more than 10% at my discretion. ...
by DieselEngineer
Sat Apr 05, 2014 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing Taxes
Replies: 17
Views: 1534

Re: Minimizing Taxes

Nachalnik wrote:DBR, my wife is the CPA. This is sad!
If your wife is the CPA, can she hang out her own shingle and open a private practice?
by DieselEngineer
Sat Apr 05, 2014 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 11617

Re: Why pay off your house?

I travel a lot for work, and get paid quite a bit for it. I have two children now that I didn't have as a single man starting out in the maritime industry. I need to plan on a 50 to 60% pay cut when transitioning to a shore based job that has me home with my family. A paid-for home is one less thing...
by DieselEngineer
Sat Apr 05, 2014 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Sales Tax Deduction Question
Replies: 3
Views: 1935

Re: Sales Tax Deduction Question

Great! Thanks for the info. I will be doing a lengthy TDY in VA this year, so this will help.
by DieselEngineer
Thu Apr 03, 2014 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sales Tax Deduction Question
Replies: 3
Views: 1935

Sales Tax Deduction Question

I live in NH, so no state sales or income tax. I occasionally buy things in other states such as MA, ME, VA, etc. If I save the receipts from these out of home state purchases, can I deduct sales tax paid to those states?
by DieselEngineer
Mon Mar 31, 2014 7:54 am
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 4013

Re: Saving on major renovations

Even if you are not the DIY type, you can probably do the demo and rip out work yourself.
by DieselEngineer
Fri Mar 21, 2014 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 15414

Re: Do you love your job? What do you do?

I'm a merchant mariner. I love what I do.
by DieselEngineer
Sat Mar 15, 2014 7:38 am
Forum: Personal Consumer Issues
Topic: LED lights currently worth it personal financewise?
Replies: 55
Views: 4483

Re: LED lights currently worth it personal financewise?

I replaced the most frequently used lights in the house all at once and noticed an eight dollar drop in the monthly bill. I will slowly replace more. My utility company has an energy star mail in rebate program and it am using it to the limit.
by DieselEngineer
Fri Mar 14, 2014 9:43 am
Forum: Personal Consumer Issues
Topic: Rail Cruise
Replies: 16
Views: 1897

Re: Rail Cruise

I rode the Indian Pacific from Perth to Sydney. I had a blast. I have not done a long distance rail trip in the US, though.
by DieselEngineer
Wed Mar 05, 2014 1:50 pm
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 7385

Re: How Many Funds Do You Have in Taxable?

I have 2. All of my international holdings in Vanguard's Total International, the remainder in Total Stock. My tax advantaged have Total Stock, F, and G. F and G are my bond holdings. Any remaining space in that tax advantaged account beyond my desired bond AA is C fund, an S&P 500 index.
by DieselEngineer
Sat Mar 01, 2014 11:32 am
Forum: Personal Consumer Issues
Topic: Indoor Plants - Recommendations?
Replies: 21
Views: 2985

Re: Indoor Plants - Recommendations?

rojoreno wrote:spider plants--thrive on neglect and with a little care thrive even more so --i live in frigid NE and they still make it to warm weather easily--imho--attractive and easily propogated.
This. I have a spider plant on my bathroom windowsill in cold NH. It does very well.
by DieselEngineer
Mon Feb 17, 2014 8:33 am
Forum: Investing - Help with Personal Investments
Topic: First foray into taxable accounts, $15k to invest now
Replies: 32
Views: 3730

Re: First foray into taxable accounts, $15k to invest now

I'm a fed in TSP, too. I removed my international holdings (I fund) from TSP and replaced them with Vanguard's Total International in my taxable holdings. I can now write off the foreign taxes paid. Vanguard will send you an end of year statement with info to fill out your tax forms. I use TSP for a...
by DieselEngineer
Mon Feb 17, 2014 6:48 am
Forum: Investing - Theory, News & General
Topic: Article:How costly is the end of the year match
Replies: 29
Views: 2960

Re: Article:How costly is the end of the year match

Suppose the company goes belly up. I would much prefer matching contributions every two weeks versus having my money tied up in a mid-year bankruptcy. Things like this can happen to even the healthiest-appearing companies.
by DieselEngineer
Sun Feb 09, 2014 10:00 am
Forum: Investing - Theory, News & General
Topic: Using leverage to enhance returns
Replies: 25
Views: 3846

Re: Using leverage to enhance returns

Leverage may also "enhance" your losses.
by DieselEngineer
Wed Dec 25, 2013 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Aligning my portfolio with the Three Fund strategy
Replies: 33
Views: 9081

Re: Aligning my portfolio with the Three Fund strategy

Selling company stock as soon as you freely can is generally a good idea. Your paycheck already depends on your company's health. Should a black swan type event hit your employer, your investments AND your paycheck are jeopardized. By moving your stocks out as soon as possible, only your paycheck de...
by DieselEngineer
Wed Dec 25, 2013 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Celebrating the small financial victories....
Replies: 42
Views: 4824

Re: Celebrating the small financial victories....

<snip> I guess my victory was finding this forum. I've learned a ton from reading this forum over the last few months and I look forward to learning much more. Hopefully one day soon I'll have a success story of my own. Merry Christmas! This was a victory for me, too. I knew that I wasn't handling ...
by DieselEngineer
Sun Jul 21, 2013 9:04 am
Forum: Personal Consumer Issues
Topic: Running of the Bulls!!!
Replies: 25
Views: 2264

Re: Running of the Bulls!!!

I don't care to see the Running of the Bulls, but I would LOVE to go to La Tomatina, the tomato festival/food fight!
by DieselEngineer
Sun Jun 30, 2013 9:35 am
Forum: Investing - Theory, News & General
Topic: What do you wish you had learned sooner?
Replies: 104
Views: 17139

Re: What do you wish you had learned sooner?

1210sda wrote:1. Passive investing in general and the three fund portfolio specifically
2. The majesty of simplicity

1210
Hammer. Nail.

Diversification is NOT the number of different funds we own.
by DieselEngineer
Mon Jun 10, 2013 7:55 pm
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 56556

Re: Premium Products That Are Worth It To You

Well made comfortable shoes. Many years ago when I was just starting my career, I asked an older fellow what advice he could give me. The first words out of his mouth were "wear comfortable shoes." I went through a plethora of different work boots before splurging on Redwings. My only regret is not...
by DieselEngineer
Fri Jun 07, 2013 6:00 am
Forum: Personal Consumer Issues
Topic: Building a Deck this Summer
Replies: 48
Views: 4903

Re: Building a Deck this Summer

Plan out your electrical. Where do want outlets? Lights? Where do you want a hose spigot, too?
by DieselEngineer
Fri Jun 07, 2013 5:12 am
Forum: Personal Consumer Issues
Topic: Premium Products That Are Worth It To You
Replies: 361
Views: 56556

Re: Premium Products That Are Worth It To You

Well made comfortable shoes. Many years ago when I was just starting my career, I asked an older fellow what advice he could give me. The first words out of his mouth were "wear comfortable shoes." I went through a plethora of different work boots before splurging on Redwings. My only regret is not...
by DieselEngineer
Thu May 23, 2013 4:18 am
Forum: Personal Finance (Not Investing)
Topic: How much home? Home Value - net worth ratio
Replies: 19
Views: 4158

Re: How much home? Home Value - net worth ratio

Payments matter as you approach the high end of what you an afford. Just because you can afford the payment doesn't mean you have to spend that much.
by DieselEngineer
Sat May 04, 2013 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that require lots of travel
Replies: 52
Views: 6988

Re: Jobs that require lots of travel

I am a merchant mariner. I am overseas for four month stretches and home for one, sometimes two. I was single when I started this job. I got married three years ago and had a kid last year. I love what I do, but I also developed an exit plan to move on to a shoreside job where I go home every day. I...
by DieselEngineer
Tue Apr 23, 2013 3:58 pm
Forum: Personal Consumer Issues
Topic: If you had a chance to remodel bath......
Replies: 27
Views: 3687

Re: If you had a chance to remodel bath......

You can save a good deal of money doing the demo/rip out work yourself. I like the tall toilets. I think they are called comfort height. They are also easier for people with bum knees or other infirmities o sit and get up. I also prefer elongated bowls. For smaller bathrooms, a shallow vanity with a...
by DieselEngineer
Sat Apr 20, 2013 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 21
Views: 2283

Re: Portfolio Review

I am also a fed employee. I am set up very close to how Duckie laid things out or you. I have all of my bond allocation in the TSP, split between F and G. The rest of TSP is in C and S, but heavily tilted toward C. All of my international exposure is in taxable (TISM). All the rest is designated for...
by DieselEngineer
Thu Apr 18, 2013 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help - New Kid + First Rebalance
Replies: 8
Views: 898

Re: Portfolio Help - New Kid + First Rebalance

Here is a quick update on what I've done so far now that I am back home. I set up a 529 plan with UESP. I auto invest $1000 per month I the growth fund. It starts off heavy in TSM and gradually shifts to TBM as my daughter approaches college age. In my IRA, I exchanged GNMA into TSM. I set up an aut...
by DieselEngineer
Thu Apr 18, 2013 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Starting Out
Replies: 10
Views: 1412

Re: Portfolio Advice - Starting Out

One mistake that I was making, and it looks like you are doing the same thing, is replicating your Asset Allocation in each account, rather than only looking at asset allocation as a sum total. I had 80/20 split in taxable, 80/20 split in IRA, and 80/20 split in TSP (401(k) equivalent. I moved thing...
by DieselEngineer
Wed Apr 03, 2013 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Personal Record Keeping
Replies: 16
Views: 2367

Re: Personal Record Keeping

Thanks for all of the replies. She is hesitant to go paperless, but I'm going to nudge in that direction, in addition to simplifying the filing system and purging extra stuff.
by DieselEngineer
Mon Apr 01, 2013 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Personal Record Keeping
Replies: 16
Views: 2367

Personal Record Keeping

I am working on overhauling my finances and need to come up with a better, more organized way to file and store records. And, how long I should store certain records before shredding. I am away from home 8 to 10 months out of the year, so the system needs o be easy for my wife to keep up with. I had...
by DieselEngineer
Mon Apr 01, 2013 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Worst case planning for Social Security
Replies: 16
Views: 1750

Re: Worst case planning for Social Security

The conservative choice is to assume you will get no SS and save enough money to live accordingly. When you do get it, a bonus. I am 31 and a do not even consider SS in part of my plan - there is too much political speculation involved and the projections are not reliable enough either way. 34 here...
by DieselEngineer
Fri Mar 22, 2013 2:15 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan for Grad School.
Replies: 3
Views: 504

Re: 529 Plan for Grad School.

I'm an NH resident so, like you, there is no STATE tax benefit for the 529. I am going to open a 529 for my daughter using Utah's plan, which is one of the lowest cost plans available.

Here is the wiki site for 529s. LOTS of great info...

http://www.bogleheads.org/wiki/Category:529_Plans
by DieselEngineer
Fri Mar 15, 2013 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Sales tax and state taxes in federal law
Replies: 15
Views: 1299

Re: Sales tax and state taxes in federal law

As a NH resident, I feel doubly discriminated against. :P

But, at least I get to deduct property tax.
by DieselEngineer
Tue Mar 12, 2013 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: 529 which state?
Replies: 25
Views: 3156

Re: 529 which state?

NH here, so I don't get a state tax advantage. There is a strong possibility of me moving in the next 5-7 years, almost certainly to Virginia. Looking at the wiki and a little other information, it appears to not be a bad plan, not as low-cost as Utah's, but not bad. Would it be worth it for me to i...
by DieselEngineer
Mon Mar 11, 2013 2:26 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2272
Views: 1441702

Re: If you have the TSP, should it be a 6-fund portfolio?

I don't think a 3-fund portfolio would be adequate when the government's Thrift Savings Plan (TSP) constitutes a majority of one's life savings. The Thrift Savings Plan: 1.) Doesn't have a Total Stock Market (TSM) Index Fund. You have to build your own U.S. TSM from the allocations to the "C Fund" ...
by DieselEngineer
Mon Mar 11, 2013 3:50 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help - New Kid + First Rebalance
Replies: 8
Views: 898

Re: Portfolio Help - New Kid + First Rebalance

OK, I have a lot to review now. Thank you both for the advice and information. I am going to balance over the long term by re-allocating all new contributions following a simple index-based setup like the three-fund right away. In the taxable account, I will hold what I have and only exchange the ex...
by DieselEngineer
Sat Mar 09, 2013 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help - New Kid + First Rebalance
Replies: 8
Views: 898

Portfolio Help - New Kid + First Rebalance

My first kid is 5 months old and I am going to reblance my portfolio for the first time since getting started 13 years ago. Here goes... Emergency Fund: 1 year ($60K liquid) Income: ~$200K (job, rental) Debt: None Tax: Married filing jointly, 1 child (for now) Fed tax: 28% State:NH! No income tax, b...