Search found 143 matches

by jimmyq
Fri Jul 20, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2057

Re: High school graduation monetary gift for nephew

FWIW, I was in a similar situation last year, trying to decide how much to give my nephew for his HS graduation. I settled on $500 as that would go a long way toward buying things like books or a laptop for college. Don't know if this was too much or too little, but I know he appreciated it.
by jimmyq
Mon Jul 16, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2905

Re: Would you pay $120 for a 5 year dishwasher warranty?

Nope, doesn't look like a good deal to me. I'd rather fix it myself if it breaks.
by jimmyq
Sun Jul 01, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8156

Re: What % of your equity is int’l?

I'm currently at 22%
by jimmyq
Tue Jun 26, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 15164

Re: Did you celebrate when you finally hit $1m?

I did a little happy dance in my head. That was the only celebration for me.
by jimmyq
Tue Jun 26, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7408

Re: Family dynamics/in laws/am I being petty?

Try changing your perception. Think of the dinner as: a) We are sharing a family experience b) The whole family must be there to fulfill that experience c) We are splitting the cost of that experience 50/50 Perhaps this way of thinking would reduce any hard feelings when the check arrives.
by jimmyq
Thu Jun 21, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 33810

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

Electrical Engineer in a hardware development group. Has been good to me overall so I would recommend it for those who like to solve tough technical problems. Lots of ups and downs depending on how the company is doing financially. I've seen many waves of layoffs during the bad times, and have seen ...
by jimmyq
Mon Jun 18, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12473

Re: Retire at 50: Should I?

Yep, I think you are good to go, especially since you've done a lot of legwork to get to this point and have good estimates for healthcare costs. I am of similar age, and estimated (after running through bunches of calculators and spreadsheets) that a 3% withdrawal is a pretty safe rate for a 50 yea...
by jimmyq
Sun Jun 17, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 4072

Re: A different theoretical view of SWR

cjking wrote:
Sun Jun 17, 2018 7:28 am
... then use PMT function parameterised with n and anticipated return.
Yeah, I agree. It seems like anytime I try to come up with a "better" or "simpler" method, I always come back to some variation that uses the PMT function. Not quite so simple, but really not that difficult.
by jimmyq
Sun Jun 17, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 4072

Re: A different theoretical view of SWR

If we assume the affect of inflation is eliminated through investing we can develop a SWR by simply dividing the portfolio by the lifespan its needed to support. This approach is clean and simple. While this approach is simple and clean, I think it is way over-simplified, especially for very long a...
by jimmyq
Tue May 22, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2916

Re: Quicken - Do you use it?

Yes, I use it to keep track of my banking accounts, credit cards, and investment accounts. I find it extremely useful. That said, I may consider alternatives in about a year because their subscription rates increased dramatically after Intuit sold Quicken to a private equity firm.
by jimmyq
Sat Apr 21, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: when to rebalance?
Replies: 12
Views: 1151

Re: when to rebalance?

I was in the same boat recently. Didn't have any more room in my tax advantaged accounts to rebalance, so I bit the bullet and rebalanced in my taxable account. If you do this, you can try to minimize the tax hit by first selling shares that have appreciated the least in order to reduce capital gain...
by jimmyq
Sat Apr 21, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 8485

Re: Do you buy new or used cars?

I prefer to buy new, but pay cash and hold on to them for a while. My last car was a Civic which I kept for 17 years. Current car is an Accord and have had it for 5 years and counting.
by jimmyq
Thu Apr 19, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3935

Re: Good Dad, Bad Dad

I'd pay the insurance, but let him pay gas. Unless he has an accident that was his fault and insurance goes way up... then he can pitch in some for that, too. Of course I'm biased because that's what my dad did for me, and I'd like to think I turned out OK.
by jimmyq
Thu Apr 12, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Mid-40s in tech - how to pass off as acceptably young
Replies: 111
Views: 11221

Re: Mid-40s in tech - how to pass off as acceptably young

Honestly, I think that coloring your hair is the single biggest thing you can do to help remove some age related biases. Both my brother and I have premature gray hair (started going gray in my early 20s). My brother lost his job at age 44 and searched for 8 months, had what he thought were excellen...
by jimmyq
Fri Apr 06, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 5059

Re: What is Megacorp?

Interesting, there is actually company called Megacorp Logistics. Maybe everyone works there!
by jimmyq
Sun Apr 01, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Planning to trade car with my friend. Need bogleheads' wisdom
Replies: 22
Views: 2066

Re: Planning to trade car with my friend. Need bogleheads' wisdom

I have the solution. It's obvious, really. The problem is that you are unrelated which makes transfer or gifting difficult without paying lots of taxes. Therefore, the solution is to become related. Marry each other, and then you can just swap cars. Now this may get a little tricky if you're already...
by jimmyq
Sat Mar 24, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 66
Views: 10881

Re: I did it and feel great about it (paid off mortgage)

Congrats! Great feeling, isn't it? Paid mine off early a few years ago and never regretted it one bit.
by jimmyq
Fri Mar 16, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Could all of these "low expected returns over next 10 years" predictions be wrong?
Replies: 120
Views: 11599

Re: Could all of these "low expected returns over next 10 years" predictions be wrong?

Yes, most experts estimate lower expected returns over the next 10 years. But if this holds true, then after 10 years, does this mean that things should go back to normal so that the NEXT 10 or 20 years would revert back to historical averages? Sure, there are a lot of unknowns, but I was just wonde...
by jimmyq
Sat Mar 10, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4631

Re: Is near FI + Employment almost as good as Retirement?

Had a fellow engineering coworker who worked well past FI and finally retired in his mid 70s. His stress level appeared to drop significantly the last 5 years of his career, but so did his productivity, which in turn created more work and stress for the rest of the team. But then after he retired, h...
by jimmyq
Sat Mar 10, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 88
Views: 8107

Re: Exit strategy for bitcoin

Yes it's a good idea to treat is as an educational experience - last year I learnt from a mistake I made in buying parts of an active fund (because it had beaten all the others in the previous years - but then it started losing money the day after I bought it, and since it had very concentrated pos...
by jimmyq
Fri Mar 09, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)
Replies: 82
Views: 7542

Re: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)

I had to laugh when I saw you had a decision matrix and scores of 521 to 522. That type of over-analysis sounds exactly like something I would do, so I certainly understand your conundrum. If it was me, I'd probably stay because I get a bit anxious over major life changes. But for other people, I us...
by jimmyq
Fri Mar 09, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Anyone ever have success getting out of a lease?
Replies: 27
Views: 2257

Re: Anyone ever have success getting out of a lease?

If it was me, I'd just pay the extra month of rent and be done with it. It wouldn't be worth my time to hassle with a subleaser, unless the apartment complex was willing to do the legwork on finding one for me. Moving is stressful enough, so I see no reason to deal with all that unless the rent is R...
by jimmyq
Sun Mar 04, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 7278

Re: Whole House Natural Gas Generator

I opted to just get a stand-alone gasoline generator and transfer switch. Sure, it's not as convenient because I have to hook everything up and start up the generator when I need it. But it was a heck of a lot cheaper and seemed to be a good compromise since I only really need it once a year at most...
by jimmyq
Sun Mar 04, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: What is your investment strength?
Replies: 70
Views: 5681

Re: What is your investment strength?

Strength = Anal retentive expense tracking
Weakness = Anal retentive expense tracking
by jimmyq
Sat Mar 03, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley wants my 410K and everything else, Why?
Replies: 63
Views: 5743

Re: Morgan Stanley wants my 410K and everything else, Why?

Tell the Morgan Stanley FA you'll stay with him if he agrees to charge you less than 0.30% per year you could get with Vanguard. When he says "No" see how he likes it when you repeatedly ask HIM "WHY?" If he's a good salesman, he'll be slippery with a question like that. He'll probably tell you tha...
by jimmyq
Thu Feb 22, 2018 8:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 479
Views: 47161

Re: Two Comma Club

Congrats welderwannabe!
Now start working on that 3rd comma. That one's gonna be just a little more challenging.
by jimmyq
Mon Feb 19, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5813

Re: Chillin' in the BH Lounge

The four percent rule is up for a fight
but a slow death may now be in sight
History shows it has never yet failed
but on bond rates it may be impaled
by jimmyq
Mon Feb 19, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Back door roth, HR Block inaccuracy?
Replies: 4
Views: 433

Re: Back door roth, HR Block inaccuracy?

(corrected minor mistake below) So what did H&R block put on line 14? If they just follow the instructions on the form it should be -1. There is nothing on form 8606 or line by line instructions that prevents a negative number here, and the IRS is usually careful to spell out "if less than zero ente...
by jimmyq
Mon Feb 19, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Back door roth, HR Block inaccuracy?
Replies: 4
Views: 433

Re: Back door roth, HR Block inaccuracy?

Thanks!
I made the mistake of looking at the form 8606 that HR Block provides, which omits those instructions. But sure enough, there it is plain as day on the REAL IRS form... "rounded to at least 3 decimal places".
by jimmyq
Mon Feb 19, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Back door roth, HR Block inaccuracy?
Replies: 4
Views: 433

Back door roth, HR Block inaccuracy?

I think I'm seeing a slight inaccuracy in the HR Block calculation when going through the steps for a back-door Roth. I basically contributed 6500 to a traditional IRA this year, and then converted it to a Roth IRA after it sat for a short time in a Money Mkt fund. During that brief time before conv...
by jimmyq
Sun Feb 11, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5204

Re: Family expecting “comps”

I remember similar discussions when I was looking into becoming a piano tuner many years ago (never happened, but it intrigued me at the time). Friends and family will sometimes have the expectation that you will give them a free or almost free tuning. But this is basically charity unless you are ge...
by jimmyq
Tue Feb 06, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3204

Re: what to do with patent plaques and other work awards?

I can tell you what I did with a few useless plaques... I disassembled them and recycled all the individual components. All the frames were made of aluminum (nicely recyclable), and the faces were generally either plastic or glass which I also recycled.
by jimmyq
Mon Feb 05, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 161
Views: 12215

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

I knew it was too good to be true, but it was fun while it lasted. I'm glad I didn't install it yet because my old version of Quicken is still good for 12 more months of downloads. I think Moneydance will likely be in my future in about a year.
by jimmyq
Sun Feb 04, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 161
Views: 12215

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

Wow, that's an amazing deal. The link worked for me, too. Either it's a pricing error, or they are trying to get some of their customers back after drastically changing their pricing model. I double checked after the purchase, and my account now says that the "duration" of my Premier account is from...
by jimmyq
Wed Jan 24, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 7235

Re: Your bond allocation when you were 48

35% bonds when I was 48, just a few years ago
by jimmyq
Mon Jan 01, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: Well pump froze; no water.
Replies: 11
Views: 1711

Re: Well pump froze; no water.

One of my neighbors had the lines freeze near their well in the winter, so they built a small enclosure around the well with an incandescent lightbulb inside which produces a bit of heat. Evidently this is just enough heat to keep the pipes from freezing around the well. This is a cheaper solution t...
by jimmyq
Sun Dec 31, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1848

Re: help me optimize new snow tires

I'd consider swapping tires on the existing rims in the Spring. Then in the Fall, you can decide if you want to purchase a set of steel rims and have the winter tires mounted on them. If it doesn't cost too much to swap on the existing rims, you can always fall back to that option.
by jimmyq
Fri Dec 29, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Long-term cost of ownership: 1996 Honda Civic
Replies: 16
Views: 1588

Re: Long-term cost of ownership: 1996 Honda Civic

Thanks for the detailed write up. I also owned a 96 Civic, but parted ways with it almost four years ago after (only) 17 years of ownership. It was definitely a Boglehead car and very cheap to operate. Your numbers look about right to me. After about year #15 with my old Civic, I noticed the mainten...
by jimmyq
Wed Dec 13, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 8930

Re: Done gone and did it [Retire]

Congrats Earl!
I hope to follow in your footsteps in a few more years. I am jealous as I wish I had a nice pension benefit to help ease the transition, but alas, that is not in my future.
by jimmyq
Sat Dec 09, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 19357

Re: Save all this money, what do you splurge on?

High end video cards, and craft beer. Not necessarily in that order.
by jimmyq
Mon Nov 20, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 18092

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I have the inverse problem. I've spent a great deal of my life saving money, and have been trying to loosen the purse strings a bit so that I can actually enjoy all the years of saving. Credit cards, very simply, help me spend my money. I find it much easier to buy things with a credit card without ...
by jimmyq
Wed Nov 15, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [UPDATED 1/26/2018 ] 55+ Early retirement offer.
Replies: 90
Views: 13771

Re: 55+ Early retirement offer.

Sounds like a great deal if you're ready to get out. My company offered a 1 year salary + 1 year healthcare buyout a few years ago. The second buyout option last year was 6 months salary + 1 year healthcare. I have no doubt that the next one will be 3 months salary and less healthcare coverage. I be...
by jimmyq
Tue Oct 31, 2017 6:50 am
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 137
Views: 9789

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Mine was based on feeling at the time like a helpless turtle who wants to turn over but can't quite get there without help. I don't really feel like that anymore, but I still like the avatar.
by jimmyq
Sun Oct 08, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11871

Re: Third time in my 32 year career I have been laid off

I do not understand this post/thread at all. The OP has real estate valued at over $1m, plus $1.6m in investments. I'd figure out a way to sell both properties (not in the same year), move to a LCOL area. Either buy a nice condo/small house or rent and enjoy life. In a LCOL area, you can buy a nice...
by jimmyq
Sun Sep 10, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: At what point would you considering Umbrella Insurance
Replies: 37
Views: 4594

Re: At what point would you considering Umbrella Insurance

Just curious, has anyone who has an umbrella policy ever actually had damages paid out from the umbrella policy? That is, the required first line of defense policy (auto, home, etc) paid limits and the additional money provided by the umbrella policy was reached and dispensed? This question has bee...
by jimmyq
Wed Sep 06, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 10242

Re: Safe Withdrawal Rate -> 2% or lower

I think that trying to shoot for perfection in retirement income is like trying to shoot for the perfect portfolio. It is an illusive (and often damaging ) goal. I couldn't agree with you more, and yet I find that I cannot stop trying to line up the perfect shot. All of your posts on VPW have been ...
by jimmyq
Tue Sep 05, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 10242

Re: Safe Withdrawal Rate -> 2% or lower

How does VPW know the actual market return? Don't you input that every Year? No. One only multiplies the portfolio balance with the predetermined withdrawal percentage according to one's age and the portfolio's asset allocation for the upcoming year. The beauty of it is that using the size of the p...
by jimmyq
Tue Aug 29, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying home together
Replies: 17
Views: 1568

Re: Buying home together

I actually think that co-owning is a good option because it gives each brother an equal share in the equity, costs, mortgage deductions, responsibility etc. Despite some passionate posts to the contrary, co-ownership can and does work out in many cases. I have co-owned a home with a friend for many ...
by jimmyq
Tue Aug 22, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 19859

Re: How far would you travel to see The Eclipse?

Well, not everyone can be a winner. I drove 300 miles to get in the path of totality, only to see clouds roll in before the eclipse. I caught a glimpse of the sun twice when it peaked through clouds before totality, but then the clouds filled up the sky and started leaking. I still think it was wort...
by jimmyq
Sun Aug 20, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 19859

Re: How far would you travel to see The Eclipse?

I drove 301.5 miles to be in the path to view the total eclipse (in far western NC), so that's exactly how far I'm willing to travel to see the eclipse. But I also get to do some hiking in the mountains of NC, so it's not a wasted trip even if it clouds up tomorrow.