Search found 756 matches

by Traveler
Sun Jul 14, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3542

Re: Financing my daughter's college with my 401K

She needs to find a less expensive school to attend, preferably one that allows her to live at home. There is no way I would take a 401K loan to pay for school.
by Traveler
Sat Jul 13, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

Through this time in my life (I'm 47), primary care physicians have been a complete and utter waste of time and money. Assuming I go once a year (which I don't), I see the doctor for all of 30 seconds per visit. Surely that isn't a "relationship" because I don't even remember her name off the top of...
by Traveler
Sat Jul 13, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: priority of supporting parents vs saving for college
Replies: 54
Views: 3430

Re: priority of supporting parents vs saving for college

I am fortunate to not be in OP's situation, but here is how I would look at it: 1) did your parents pay for your education, how much of it, undergrad, grad, med/law/MBA? 2) if they paid for all of your education that allowed you to be a high earner, then I would definitely consider helping them 3) b...
by Traveler
Fri Jul 12, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: 2016 Car with only 11,000 miles?
Replies: 32
Views: 2895

Re: 2016 Car with only 11,000 miles?

I bought my 2014 Maxima new in August of that year and it only has ~25K on it now. Very short commute.
by Traveler
Fri Jul 12, 2019 6:34 pm
Forum: Personal Consumer Issues
Topic: How to park in northern Europen countries?
Replies: 29
Views: 2012

Re: How to park in northern Europen countries?

I've driven (by myself) in France, Italy, Iceland and Greece and yes, parking can be a pain at times. You can google "public parking in...." and find (usually free) parking lots. That said, I typically avoid driving in large cities. Not worth it to me. I received a parking ticket in Akureyri Iceland...
by Traveler
Fri Jul 05, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much did FIRE affect your SS payments?
Replies: 17
Views: 2430

Re: How much did FIRE affect your SS payments?

As others have said, the SSA has a calculator to run various scenarios. It includes your earnings history and then you can add salary amounts for each year until you decide to retire, then put in zeroes until age 62, 67, 70, etc. It will calculate your monthly payment estimate based on what you ente...
by Traveler
Fri Jul 05, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Preparing my wife for financial life without me.
Replies: 95
Views: 10559

Re: Preparing my wife for financial life without me.

My dad, who passed in 2012, was the financial manager of the house. My mom doesn't have a clue, although she can handle the basic bill payments and questions things if they don't sound right, which is good for not being taken advantage of. For at least five years prior to my dad's passing, he really...
by Traveler
Thu Jul 04, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What major life expenses are you planning for pre/post retirement?
Replies: 16
Views: 2181

Re: What major life expenses are you planning for pre/post retirement?

Pre-retirement, the biggest line item in my budget besides taxes is travel. I expect that to continue well into retirement but possibly taper off as I age (or I will spend the same and do fewer but more luxurious trips). Post-retirement, health insurance/healthcare until Medicare starts, travel as s...
by Traveler
Thu Jul 04, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 10830

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Though it may be hard to put an age/career-level to this due to: income, expenses, savings rate and investment return/sequence of returns., allow me to repeat my recent posting here: At each significant stage of account value (or your net-worth) - it means different things to you: "Assuming" a stea...
by Traveler
Thu Jul 04, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How to interpret different raise percents?
Replies: 41
Views: 2571

Re: How to interpret different raise percents?

In almost ten years at my company, I have received a raise each year and they ranged from 2.25-3.5%. About half the time I was an "exceeds" and the other half a "meets" expectations. Because I haven't been promoted, and I was hired as an experienced manager with accompanying pay and because I don't ...
by Traveler
Wed Jul 03, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 19995

Re: Do you share your net worth with family members?

I'm fairly open with my brother (only sibling) and my mom (dad is passed), but I only mention it if it comes up in conversation related to retirement, taxes, social security, other financial topics, etc. My 84 year old mom is fine financially and while my brother doesn't seem to have much in the way...
by Traveler
Sun Jun 30, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: What are next steps to managing our money?
Replies: 17
Views: 2001

Re: What are next steps to managing our money?

I don't understand the discrepancy in your current home and the one you want. Did you put a lot down on your current home? Because it you're only three years into the loan and the outstanding balance is only $280K, then upgrading to an $800K home is quite a step up. And if you bought a home in the $...
by Traveler
Sun Jun 23, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: For those who tip valet and/or dog kennel
Replies: 11
Views: 1307

Re: For those who tip valet and/or dog kennel

I tip $1-5 valet at time of pick up depending on how much low bill cash I have on me. Used to board a cat when going on longer trips and never even considered tipping them. Not sure why someone would. The tipping culture in the US seems out of control with everyone expecting a tip and/or everyone gi...
by Traveler
Sat Jun 22, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 82
Views: 6772

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

I grew up in Portland (1972-1997) and have lived in Atlanta since 2001. I can't comment on southern California. Below are things I would consider in the debate of Vancouver vs Atlanta. I think the most important items are jobs, housing cost and weather. Jobs: Atlanta has a ton more jobs than Portlan...
by Traveler
Sat Jun 22, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Carryon luggage for international travel
Replies: 25
Views: 2317

Re: Carryon luggage for international travel

You may not have to check it on the transatlantic leg but I've had to check my carry-on numerous times on intra-Europe flights. This is usually due to very low weight limits for carry-ons. I would research your airline's policy in advance - sometimes checking the bag at the airport costs more than p...
by Traveler
Wed Jun 05, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical dilemma involving birthdays and wine..
Replies: 39
Views: 6516

Re: Ethical dilemma involving birthdays and wine..

So do the bottles keep coming?
by Traveler
Sat Jun 01, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Should I buy Euros from local bank or use ATM in Europe
Replies: 37
Views: 2264

Re: Should I buy Euros from local bank or use ATM in Europe

Get Euros out at an airport ATM. And there are places in Europe that only take cash so it's good to have some. Last year I stayed at a hotel that only took cash so I had to get cash out on various days (daily limit) just for that.
by Traveler
Sat Jun 01, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2697

Re: How do BH define Cost of Living Cities

I live in Atlanta which I consider a MCOL city or metro area. However, because I bought my townhouse for $60,000 at the bottom of the market eight years ago, I live as if it is a VLCOL place. And my salary likely correlates to a a MCOL or HCOL city.There's no way I'm moving anytime soon.
by Traveler
Sat Jun 01, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Cashback cards - what's left for me?
Replies: 29
Views: 2696

Re: Cashback cards - what's left for me?

Fidelity has a card that gives back 2% of all purchases deposited into your money market account which has a current interest rate about 2%. If you do not have a Fidelity money market account you can open one with a nominal deposit I've looked into this with Fidelity but it seems that the money mar...
by Traveler
Fri May 31, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Airlines - Value of Free Travel
Replies: 62
Views: 4997

Re: Working for the Airlines - Value of Free Travel

I worked for a major airline 2001-2008 and back then it was relatively easy to get a seat and even business/first class which is nice on long haul or int'l flights. We used to fly to Europe for the weekend. It was fun, tiring and a little nerve wracking when flights we thought were open suddenly fil...
by Traveler
Fri May 31, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 38285

Re: For those who earn $500k+ per year. How'd you do that?

Wife makes ~500k at a mega law firm (market bonuses move it around a bit). She did it by going to a top college and a top law school and working all the time. 100 hour weeks pretty regularly. She's a workaholic. I followed the same path and bowed out before partnership and now make ~150k as a publi...
by Traveler
Sat May 25, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10857

Re: 4M 70K expenses would you stop?

Why is this even a question? If these people can't retire, then 99% of Americans can't retire and people do it every single day.
by Traveler
Fri May 24, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 88
Views: 17773

Re: Anyone want to share their monthly budget? Here's ours

It is a little hard to figure it out because of big one time expenses. I spend about $300 a month on food, $50 a month on insurance, $5 a month on my cell phone plan and about $100 a month on completely non-essential items. I am currently living with my partner and he refuses to let me pay any rent...
by Traveler
Thu May 23, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 88
Views: 17773

Re: Anyone want to share their monthly budget? Here's ours

Based on 2018 full year. I had a high year for medical/dental with a knee surgery and other expenses related to that. Travel 912 Charity 515 Food 389 Medical/dental 378 Gifts 270 HOA 231 Cell/internet/TV 141 Clothes 115 Car insurance 113 Property tax 112 Entertainment 103 Hair color/cut 100 Utilitie...
by Traveler
Sun May 19, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Aiming to Retire End of 2019 - Abit Scared
Replies: 45
Views: 5827

Re: Aiming to Retire End of 2019 - Abit Scared

I wouldn't be scared or skittish at all if I were in your situation. Based on your "fat" budget need, you could take the annuity pension of $73,000 and once SS starts, you cover the fat budget. So you would only have to take from the $2M portfolio until you decide to take SS. One thing I don't recal...
by Traveler
Sun May 19, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1016
Views: 272048

Re: Share your net worth progression

I've only been tracking it since 2014 and not too long before that it was negative. I include home and car value along with investments and cash, and don't adjust for pre-tax accounts such as 401Ks and IRAs. Single with income $135-200K per year. Home is 15% of net worth. 1/14: $450K 10/15: $610 1/1...
by Traveler
Tue May 14, 2019 9:59 pm
Forum: Personal Consumer Issues
Topic: Traveling to Europe on Green Card
Replies: 12
Views: 1015

Re: Traveling to Europe on Green Card

whodidntante wrote:
Tue May 14, 2019 7:51 pm
I aware you that refundable does not necessarily mean refundable with no fee. The airline industry is evil.
The airline industry is no more evil than any other industry. The fees are to deter one from gaming the system like someone here suggested.
by Traveler
Tue May 14, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 6419

Re: Buying a "new" car - Advice pls

Congratulations on maxing out your 401k and roth at such a young age. I did the same at your age and am astounded at the size of my 401k after 13 years of contributions, 11 years of maxing. My wife has a car, which comes in handy with an infant. The optimal number of cars is zero, but much of the U...
by Traveler
Sun May 12, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5763

Re: Can we really afford $1.25M house?

You can likely afford the $1.25M home but I'm impressed with spending $1000/month on pets. Do they go the spa for blowouts and manicures each week? Not sure I could spend that much on pets if I tried (exception being the occasional vet bill of course). And $1000/month for a car loan?
by Traveler
Sun May 12, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Backpacking/study abroad for young folks
Replies: 31
Views: 2106

Re: Backpacking/study abroad for young folks

I studied abroad for a semester and loved it. In hindsight, I would have studied abroad the second semester of the year and then stayed for the summer, but the program was the fall semester and because I hadn't been out of the country before, I was afraid to go early and travel on my own. I was a bu...
by Traveler
Mon May 06, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Savings Rate
Replies: 15
Views: 1638

Re: Calculating Savings Rate

I include employer contributions in the numerator and denominator
by Traveler
Mon May 06, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: "Shopping for Healthcare" - How Use an HSA Effectively
Replies: 30
Views: 2124

Re: "Shopping for Healthcare" - How Use an HSA Effectively

Ah, the joy of our healthcare system. Healthcare is the only thing I buy that I have absolutely no idea how much it costs until weeks or months after the fact. It is absurd to me that a doctor can't tell me how much an office visit costs. My dentist sure can, down to the penny and can even tell me a...
by Traveler
Mon May 06, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do with variable bonus?
Replies: 24
Views: 1765

Re: What do you do with variable bonus?

I get an annual bonus that while technically not guaranteed, has been at least 70% of target the last nine years and this last year it was 110% which was nice. I cash flow my life with my base salary so my bonus is just extra savings that I do budget for, but only at an 85% target. Sometimes it's mo...
by Traveler
Sun May 05, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Comp Increase with Doubling Job Responsibilities
Replies: 37
Views: 2338

Re: Realistic Comp Increase with Doubling Job Responsibilities

Bacchus01 wrote:
Sun May 05, 2019 8:51 pm
You’re lucky. Anyone with one direct report should be fired. 1 over 1s are low efficiency.
Haha, you should see my megacorp. Tons of single direct reports even at the director level. Also quite a few manager and directors with no direct reports.
by Traveler
Sun May 05, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7572

Re: How much do you donate?

Usually 2-3%
by Traveler
Tue Apr 30, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Another PPO vs. HDHP thread...
Replies: 14
Views: 869

Re: Another PPO vs. HDHP thread...

Maybe I'm missing something, but if you believe you will exceed the deductible for the HDHP, that exceeds the out of pocket max for the PPO so why wouldn't you get the PPO?
by Traveler
Sun Apr 28, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate
Replies: 104
Views: 9112

Re: Savings rate

I didn't read all of the responses so this may have taken a turn from the original question. But to answer the original question, for me, I calculate it based on gross income. I also include employer match/contribution in both the numerator and the denominator, and include all savings including 401K...
by Traveler
Sat Apr 20, 2019 11:57 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 116
Views: 9731

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

I took Norweigen Air from Oakland to London in 2017. Very nice. Rode business class which is sort of recliner chairs at slight price increase. Was a 7.5 hour flight. Key was 787 Dream liner plane which is really quiet and nice so less jet lag. They are expanding to other airports and destinations s...
by Traveler
Sat Apr 20, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: Trip to Central Asia. Do you need a CC?
Replies: 44
Views: 3318

Re: Trip to Central Asia. Do you need a CC?

Trusting an 18 year-old on a trip like this would give me pause. There's a part of a young person's brain that doesn't fully develop until about age 25: the area of "sober second thought." It's the "wait a minute, lets think this through" process when a person is about to do something foolish. Not ...
by Traveler
Sat Apr 20, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1277

Re: Home Purchase Feasibility

Why do you need an expensive car if all you can afford to do is sit in your apartment? Seriously, this is a recipe for disaster as others have said. Simply put, you can't afford it.
by Traveler
Sun Apr 14, 2019 12:52 pm
Forum: Personal Consumer Issues
Topic: Newbie international traveler
Replies: 65
Views: 3943

Re: Newbie international traveler

I wouldn't go overboard on the cash but do take out a few hundred Euros/Francs upon arrival and use it as needed. Most places do take credit cards (Visa and MC more so than AMEX), but you may come across small stores or restaurants that don't. Some housing (booking.com, smaller hotels, etc) may requ...
by Traveler
Sun Apr 14, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2403

Re: Home affordability - Can I afford it?

The mortgage will only be 2.7x OP's income so yes, they can likely afford it. Sounds like a lot of money and I would question if new construction is necessary. Also don't quite understand OP's expenses. The $9000 includes the current home but doesn't split out the home vs other expenses so we can ad...
by Traveler
Sat Apr 13, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to Seattle from Baltimore Area
Replies: 86
Views: 4121

Re: Relocating to Seattle from Baltimore Area

Many people posted about all of the outdoor activities available in the area. I grew up in Portland where they have similar outdoor activities, likely closer to the city than in Seattle and a bit better weather. However, unless you like traipsing through mud, those outdoor activities are usually lim...
by Traveler
Sun Apr 07, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Help me cross shop a new Nissan Maxima
Replies: 13
Views: 793

Re: Help me cross shop a new Nissan Maxima

I have a 2014 Maxima that I bought new. It is an old style model and had been on the dealership lot for a while. I paid $21,899 in August 2014. I was trading in/scrapping a 2002 Accord V6 with 200K+ miles on it. My criteria included a moonroof (splurge but used to it on the Accord), V6 (live in Atla...
by Traveler
Sat Mar 30, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 7223

Re: Anybody else get a huge tax increase due to SALT deduction changes?

Mine were a bit lower on a bit higher income. The SALT cap didn't really affect me (mine totaled about $10,400) but the lower tax rates benefited me. I also bunched some charitable contributions so this year I may owe a bit more because I likely won't itemize.
by Traveler
Sat Mar 30, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14917

Re: How often do you check your net worth?

Formally once a year in March after my annual bonus is paid. Unofficially a couple times a year. It really is quite meaningless but I suppose it's a gut check on the past year, what I've saved and how the market has done. But I pretty much know that already with my expense tracking spreadsheet.
by Traveler
Sat Mar 30, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum income to maximize SS benefits.
Replies: 15
Views: 1769

Re: Minimum income to maximize SS benefits.

Are they already retired and worried about income somehow offsetting SS? Or maybe they're talking about the income at which FICA taxes are no longer withheld ($132,900 for 2019)? Your question is a bit confusing.
by Traveler
Sun Mar 24, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: Planning a trip to Iceland with kids
Replies: 17
Views: 2145

Re: Planning a trip to Iceland with kids

I did a solo trip to Iceland in late May, early June of 2016 and really enjoyed it although with kids it would depend on what they like to do. Iceland is very remote, not crowded at all and the beauty of it is the unique scenery that you can't find hardly anywhere else on the planet. I would highly ...
by Traveler
Sun Mar 24, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 5547

Re: Where do you find high paying jobs?

I am a senior marketing manager at a non-IT Fortune 50 company and have been making more than $100K since I started with them almost ten years ago. I graduated with an MBA in 2001 from a top 50 program which is what changed my income trajectory. I doubled my salary from before getting an MBA with th...
by Traveler
Sat Mar 23, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Need Foreign Currency
Replies: 25
Views: 1330

Re: Need Foreign Currency

I use an ATM at the airport and have never had a problem. I also carry about $200 in USD as a backup but have never had to use it. I also use a credit card for the majority of purchases overseas but sometimes places require cash so it's nice to have a few hundred worth of it.