Search found 627 matches

by gips
Sat May 30, 2020 12:13 am
Forum: Personal Finance (Not Investing)
Topic: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal
Replies: 16
Views: 1396

Re: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal

we bought a vacation home in st augustine beach this year. i’m going to make a non-boglehead suggestion, what would spending double buy you? our condo has a view of beach/water from the living room and a private lanai. the condo complex is on the beach. you have strong savings and great income...sou...
by gips
Fri May 29, 2020 11:58 pm
Forum: Personal Consumer Issues
Topic: Lifelong New Yorker relocating to Philly for FIRE?
Replies: 19
Views: 1084

Re: Lifelong New Yorker relocating to Philly for FIRE?

we tried something similar, kept my nyc salary and moved to a small town in upstate ny with low cola. worked well from a financial pov but eventually it became clear that the hot tech company i worked for was not going to enjoy long term success. after comparing career paths, decided to move to a hu...
by gips
Wed May 27, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: my last chance to use a 401k for mega backdoor roth
Replies: 5
Views: 348

Re: my last chance to use a 401k for mega backdoor roth

Haven't done any conversions to date since the combination of passive plus pt consulting income has left us in a higher than expected tax bracket. not complaining, definitely a first-world problem that will be solved when I get fed up with the work. actually, not the work itself but the politics aro...
by gips
Wed May 27, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: my last chance to use a 401k for mega backdoor roth
Replies: 5
Views: 348

Re: my last chance to use a 401k for mega backdoor roth

thanks,did a little more research, as I understand it I'd have to: - move my sep/ira into my employers 401k - max out pre-tax contributions (I'd have to check on contribution limits per paycheck) - make after tax contributions to 401k (if allowed) - withdraw after tax contributions to roth (if allow...
by gips
Wed May 27, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: my last chance to use a 401k for mega backdoor roth
Replies: 5
Views: 348

my last chance to use a 401k for mega backdoor roth

Hi, I retired about 5 years ago, taught myself aws cloud computing and have done some on and off part-time consulting around the space. I recently started working as a pt employee which gives me access to a 401k. The 401k has decent investment options, the company does not offer any matching funds. ...
by gips
Mon May 25, 2020 2:01 pm
Forum: Personal Consumer Issues
Topic: New Vehicle: Forester or Rav4 for boglehead couple
Replies: 68
Views: 3725

Re: New Vehicle: Forester or Rav4 for boglehead couple

cant go wrong w either, we live in a place with hills, snow and ice, love my forester. at the time of purchase, would have had to spend a lot more for the same safety features on a rav4, that may have changed.
by gips
Sun May 24, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: induction range - price point question
Replies: 4
Views: 290

Re: induction range - price point question

we’ve been happy with the samsung chef’s collection duo. it was about $3000 but by the time we got done with bestbuy rewards and samsung rebates, it was $2400. if you expect to have the range 20 years, the difference in price per year is relatively small and the extra features (convection, low noise...
by gips
Sun May 24, 2020 3:16 pm
Forum: Personal Investments
Topic: Start adding bonds - best approach?
Replies: 21
Views: 1639

Re: Start adding bonds - best approach?

if you decide to sell equities, suggest trying to do that in your tax-advantaged space (ira, 401k, etc) to defer paying taxes.
by gips
Sun May 24, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Boat to people out of State
Replies: 17
Views: 976

Re: Selling Boat to people out of State

that’s an awful lot of money to take a risk around. i would firmly set the ground rules around a wire transfer and forget about a cashier’s check. he needs to understand the cutoff time for the transfer to occur or plan to stay in a hotel.
by gips
Sat May 23, 2020 12:35 am
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 73
Views: 4786

Re: Thinking of selling some SP 500 to buy more Wells Fargo

if you had $1.7mm in 2016 to invest after selling 2 of 5 investment properties, i’m guessing this is a small piece of your portfolio. so if the investment is less than 1 percent of your total net worth and you think it’s the right move, go for it! from a theory pov, the US market is very efficient, ...
by gips
Thu May 21, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: what to do about 1000s of dandelions/weeds?
Replies: 55
Views: 4078

Re: what to do about 1000s of dandelions/weeds?

thanks for all the thoughtful replies! My wife plans to spend an hour or two a day in certain parts of the yard trying to get the weeds under control. let's see how that goes, it seems to me like a crazy amount of work for something we don't care too much about. We do have a couple of gardens on the...
by gips
Wed May 20, 2020 6:18 pm
Forum: Personal Consumer Issues
Topic: what to do about 1000s of dandelions/weeds?
Replies: 55
Views: 4078

what to do about 1000s of dandelions/weeds?

before retiring I worked long hours and it would have been tough to take on lawn care of our two-acre property. Now, with more time on my hands, we've decided to take back lawn care from our landscaper. My wife doesn't want to use pesticides, so she researched and spread something called malorganite...
by gips
Mon May 18, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10108

Re: Paul Tudor: Compelling case for bitcoin ?

The whole bitcoin thingy is a biggest financial scam in history. -Nobody knows who created it. -No way to get it back if it’s stolen. -Mostly used for illegal activity and crime. -Transactions cannot be reversed or disputed. -Proponents say it’s very secure, but massive breaches and scams on exchan...
by gips
Sun May 10, 2020 10:18 pm
Forum: Personal Consumer Issues
Topic: Simplest Coffee Cold Brew Systems
Replies: 16
Views: 950

Re: Simplest Coffee Cold Brew Systems

i have the oxo in your op, ordered about two months ago, has worked very well. fwiw, i read a bunch of ex-toddy reviewers who said the toddy was great for its time but this is far better.
by gips
Fri May 08, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: part time employee vs 1099 for ppp reasons?
Replies: 8
Views: 424

part time employee vs 1099 for ppp reasons?

Hi, although retired, I've been working pt over the last year or so through my ex-partners consulting firm. I have my own llc, and have been billing him directly. He asked if I could join as a pt employee so he could use ppp $ to pay me It seems to me: - it's an improper use of the $ since I'm not c...
by gips
Mon May 04, 2020 1:02 am
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 6274

Re: Best BBQ for the money?

since i’m a bogleheader and believe in keeping expenses low, I’ve bought my last three grills off of craigslist: two like new stainless steel weber performers for $30 and $35 and a weber smokey mountain for $65. the wsm is going strong after 22 years of hard use.

enjoy!
by gips
Sun May 03, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Do you keep moving your cash around chasing yield?
Replies: 56
Views: 5335

Re: Do you keep moving your cash around chasing yield?

i do but i’ve allocated a lot of my fi aa to cds rather than bonds. currently have a number of cds > 4%, happy to have them in this env.
by gips
Sun May 03, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Decide on keeping/selling the house
Replies: 23
Views: 2532

Re: Decide on keeping/selling the house

a house is not just an investment. you state you and your family enjoy the house, do you think you’ll enjoy a rental as much? in our neck of the woods, the answer is clearly no. hard to put a price on that but since you can well afford your present situation, i’d think long and hard about it.
by gips
Sun May 03, 2020 12:12 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4945
Views: 428098

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

It seems like a lot of people share my concern, Intuitively, if the fed prevents negative interest rates, wouldn't that break risk parity? why isn't that a concern?
by gips
Wed Apr 15, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13470

Re: How many paid for kids' college?

My parents paid for my education. My spouse's parents paid about 75%. Our plan is to offer to pay for in-state tuition for all three of our kids. I'm interested to see how much folks are putting into 529s. We put $1250/mo in total and figure this will put us in the ballpark without having to cash f...
by gips
Wed Apr 15, 2020 1:12 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13470

Re: How many paid for kids' college?

three kids, we told them we’d pay for any college as long as it was better than our state flagship, otherwise we’d pay an amount equivalent to a state school. ny has good, not great state schools, so it turned out to be a low bar for them. if we couldn't have afforded to pay for their college, they ...
by gips
Wed Apr 01, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7642

Re: College choice dilemma

imo, you’ve presented the information so as to manage the answer you want to hear.

- what is the actual price difference?
- how many years later would you have to retire to recoup the difference?
by gips
Sun Mar 29, 2020 8:06 pm
Forum: Personal Consumer Issues
Topic: we live in westchester, kids in nyc, bring them home?
Replies: 5
Views: 676

we live in westchester, kids in nyc, bring them home?

We've been struggling with this decission: - westchester ny: 8500 cases, our town 20 cases - nyc 59,000 cases -my wife and I are in high-risk groups, I'm 63 and she is under 60 but has an auto-immune disease. - our college age D is home with us - kids are in early 20s, asymptomatic, sharing a place ...
by gips
Wed Mar 18, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: thank you Bill Bernstein: "If You've Won the Game, Stop Playing"
Replies: 51
Views: 6671

thank you Bill Bernstein: "If You've Won the Game, Stop Playing"

Bill,

you saved my bacon, thank you for your wisdom.

best,
by gips
Mon Mar 02, 2020 10:04 am
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 56
Views: 4450

Re: Need a cheaper cell phone plan

we have cricketwireless, I believe they offer five unlimited lines for $125. we're grandfathered into an old plan, five lines for $100 with 16gb.
by gips
Sat Feb 22, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: Do You Have a Long Term Travel Strategy?
Replies: 67
Views: 5981

Re: Do You Have a Long Term Travel Strategy?

Our travel plan included living abroad with the kids. We decided to do it before they entered school. It was a great experience for my wife and I, the kids don’t recall it at all which is fine as we travelled extensively with them through college.
by gips
Sat Feb 22, 2020 12:52 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33539

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

we celebrated with a bottle of Vega Sicicila. We had already surpassed our first million in savings but it was the first time I hit $1mm in income.
by gips
Mon Feb 17, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: I'm 40 and when do I retire? first world problem?
Replies: 52
Views: 9493

Re: I'm 40 and when do I retire? first world problem?

The kids finish private school in 6 years and then college? Have you planned for that expense?
by gips
Sun Feb 09, 2020 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Merit Scholarships - Advice and Strategies?
Replies: 91
Views: 6516

Re: Merit Scholarships - Advice and Strategies?

IMO, if she declares Hispanic then Stanford, Yale, Harvard etc. are within reach and merit aid will go through the roof (at schools that offer it). I guess the real question is whether she identifies (whatever that means) as Hispanic Having said that, lots of people play that card even if they don’t...
by gips
Sat Feb 08, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Merit Scholarships - Advice and Strategies?
Replies: 91
Views: 6516

Re: Merit Scholarships - Advice and Strategies?

when you said your D was close to the NMF cutoff I don't think anyone reading this thread realized your D's SAT was 1400 which is very good (93rd percentile) but not competitive at schools like stanford. In fact, I doubt it's competitive at top 30 schools. Her GPA of 4.0 is great but is that out of ...
by gips
Fri Feb 07, 2020 1:25 pm
Forum: Personal Investments
Topic: How does my plan look? $1 million income.
Replies: 53
Views: 8929

Re: How does my plan look? $1 million income.

I took a different approach after reading one of bill bernstein’s books. Bill famously said “why continue to play the game once you’ve won” (or something like that). Bill described retired investors who lost fortunes during the prime meltdown and had to go back to work. I decided to secure my retir...
by gips
Fri Feb 07, 2020 10:41 am
Forum: Personal Investments
Topic: How does my plan look? $1 million income.
Replies: 53
Views: 8929

Re: How does my plan look? $1 million income.

I took a different approach after reading one of bill bernstein’s books. Bill famously said “why continue to play the game once you’ve won” (or something like that). Bill described retired investors who lost fortunes during the prime meltdown and had to go back to work. I decided to secure my retire...
by gips
Thu Feb 06, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tech Jobs (Defense vs. FAANG)
Replies: 21
Views: 2897

Re: Tech Jobs (Defense vs. FAANG)

I've worked in defense,faang and wall st. as others have said, forget about 40 hours, I worked closer to 80 on wall st and faang. the wall st work was the most interesting, solving really challenging problems (trades in under 1ms). as you've intimated, unless you have an in-demand, niche skill, toug...
by gips
Sun Jan 26, 2020 1:14 pm
Forum: Personal Investments
Topic: How much do I need to retire early?
Replies: 99
Views: 11593

Re: How much do I need to retire early?

OP, Assuming that your rental income is stable, that brings in about 19K per year. Your low-end expense is 60K per year. So, you need about 41K per year. At 25X, you would need 1 million. Your high-end expense is 120K per year, So, you need about 101K per year. At 25X, you would need 2.5 million. K...
by gips
Tue Jan 21, 2020 1:48 pm
Forum: Personal Investments
Topic: Growing family portfolio review request
Replies: 6
Views: 777

Re: Growing family portfolio review request

congrats, in your growing family! you're in a very good place in terms of savings and look to be on track to meet your age-based retirement goals. Some thoughts: - the boglehead wiki has an article on backdoor roth: https://www.bogleheads.org/wiki/Backdoor_Roth - we're on the tail end of sending our...
by gips
Thu Jan 16, 2020 2:59 am
Forum: Investing - Theory, News & General
Topic: Portfolio growth and inflation
Replies: 4
Views: 466

Portfolio growth and inflation

i was patting myself on the back yesterday, after five years of retirement out portfolio is flat meaning we’ve been living off portfolio income and growth. But it occurred to me that if inflation has been 2% a year, the buying power of of our portfolio is down 10 percent so in real terms, we have 10...
by gips
Tue Jan 07, 2020 6:39 pm
Forum: Personal Consumer Issues
Topic: travel from the U.S. to Europe given geo-political tensions?
Replies: 117
Views: 7782

travel from the U.S. to Europe given geo-political tensions?

I've always ignored the chance of a terrorist attack when traveling as a very low probability event. We're starting to consider winter travel to europe and I'm sure we'll be easy to identify as Americans. I don't believe we have cause for concern but thought to see if middle east tensions have given...
by gips
Mon Jan 06, 2020 1:11 am
Forum: Investing - Theory, News & General
Topic: Gold - How Do Investors Model Price?
Replies: 406
Views: 13998

Re: Gold - How Do Investors Model Price?

Not sure if this helps, but I have two friends that don’t know each other and somehow, they independently hit upon the use of the elliot wave theory to price gold.

I’ve known of the elliot wave theory for around 40 years but personally have no idea how one would use it to price to gold.
by gips
Fri Jan 03, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: Why has the economy not crashed yet?
Replies: 36
Views: 2610

Re: Why has the economy not crashed yet?

why are you worried the market hasn't crashed yet?
by gips
Fri Jan 03, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: For those who got out of tech industry (voluntarily or involuntarily)..
Replies: 109
Views: 8768

Re: For those who got out of tech industry (voluntarily or involuntarily)..

Here are my keys to success: - refresh your tech skills on your own time every year. I started with FORTRAN, learned C, then C++, then the oracle database, then message oriented middleware. - get experience performing each role of the sdlc. I starter as a software engineer but eventually garnered ex...
by gips
Tue Dec 31, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How does $78,750 capital gains bracket work?
Replies: 5
Views: 815

Re: How does $78,750 capital gains bracket work?

thanks all, the kitces article described my situation really well. before I did the pro-forma tax return, I thought there's be some tax gain harvesting today. I was also planning an ira to roth conversion next year to the top of the 24 per cent tax bracket...that too will need some analysis. thanks ...
by gips
Tue Dec 31, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: How does $78,750 capital gains bracket work?
Replies: 5
Views: 815

How does $78,750 capital gains bracket work?

I thought the capital gains tax works like this (numbers made up): $100k adjusted gross income (total income-deductions) $20K capital gains $60k stock dividends of which $40k are qualified dividends treated as long-term cap gains so total cap gain: $60k, no tax due (under $78,750 limit) ====== inste...
by gips
Fri Dec 13, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88433

Re: Found hidden safe, should we crack?

Update: my wife decided to organize all the manuals and documents in the condo. While doing so, she found a parole form completed by one of the previous owners. Yeah, so that happened. I’ve contacted a number of local locksmiths, they all offer services to break into your locked car or home but not...
by gips
Fri Dec 13, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88433

Re: Found hidden safe, should we crack?

Update: my wife decided to organize all the manuals and documents in the condo. While doing so, she found a parole form completed by one of the previous owners. Yeah, so that happened. I’ve contacted a number of local locksmiths, they all offer services to break into your locked car or home but not ...
by gips
Fri Dec 13, 2019 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Comcast, get a new deal, but keep email?
Replies: 2
Views: 537

Re: Comcast, get a new deal, but keep email?

Yup: https://www.xfinity.com/support/articles/using-email-only At some point, I’d suggest transitioning to gmail since Comcast can remove support for old users at any time. Google provides tools to migrate your inbox and I’d guess Comcast allows you to forward email while you are transitioning to th...
by gips
Thu Dec 05, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: pension plan with survivor benefits for child?
Replies: 20
Views: 1119

pension plan with survivor benefits for child?

Hi, my SIL can receive a $1.1k/month pension from a private company at age 65. She is unmarried and has a 24 yo adult son. Instead of opting for $1k per month, she can choose $500/month with survivor benefits. She believes her son will receive $500/month for life. makes no sense to me since everyone...
by gips
Tue Dec 03, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8967

Re: termination with out severance from a mega-corp

I was a owner of a company. We were sued by an employee that was fired for cause. The cause was well-documented, the employee knew they were underperforming and was going to be fired. The employee hired a lawyer, sued and the lawyer for our insurance company negotiated a settlement. We were astounde...
by gips
Tue Nov 26, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88433

Re: Found hidden safe, should we crack?

ok, here are some light updates for those following along: - the condo, while not in a retirement community, is in an upscale community, many of the people we see are over 55 - the previous owner sold when they were too old/infirm to use the condo. - I believe due to the age of the previous owners, ...
by gips
Mon Nov 25, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88433

Re: Found hidden safe, should we crack?

here's an update: - first, there's no model number on the safe so it's tough to say if the combination is 3, 4 or 5 numbers, but I'm guessing 3. I can't remember why I'd concluded five from my earlier research. - there are indeed 100 digits on the dial. so let's assume 10**3 or a million possible co...
by gips
Sun Nov 24, 2019 10:42 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88433

Re: Found hidden safe, should we crack?

thanks for all the ideas! Since there's so much interest here's a photo of the safe, set in concrete: https://postimg.cc/QK81zbKC it's hard to tell from the photo, but the dimensions are l:12 inches, w:13 inches d: 18 inches (just guessing because of the cement). the dial is branded sargent & greenl...