Search found 639 matches

by Traveler
Sun Nov 11, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 133
Views: 15984

Re: Habits of the Rich

Get enough education to allow for a higher than normal income and then live as if you make a lot less
by Traveler
Sat Nov 10, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11633

Re: If expenses are low, are some of us over saving?

I'm single with no debt, paid off home, newer car and save more than twice what I spend each year. I live in a medium COL city and live moderately frugally, but don't want for much of anything. I still spend $45-50K/year. The thought of working until medicare age of 65 makes me ill so my expenses, e...
by Traveler
Sat Nov 10, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose a high deductible health plan with HSA or stick with PPO?
Replies: 12
Views: 1050

Re: Should I choose a high deductible health plan with HSA or stick with PPO?

With the large premium difference, I can't see how the PPO would ever be a good deal. The only exception would be if the PPO covers the monthly medicine in a much better way than the HSA does.
by Traveler
Sun Nov 04, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming frugal
Replies: 81
Views: 10794

Re: Becoming frugal

Don't buy needless stuff and live in a house/condo/apartment that is not oversized
by Traveler
Sat Nov 03, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: high deductible vs. PPO calculation--high deductible always wins?
Replies: 35
Views: 3039

Re: high deductible vs. PPO calculation--high deductible always wins?

There are a few instances where the PPO might make more sense, but in general, I prefer to have lower premiums which are sunk costs and don't calculate into out of pocket maximums
by Traveler
Sun Oct 28, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: why split property tax payment with SALT limit; why itemize?
Replies: 19
Views: 2287

Re: why split property tax payment with SALT limit; why itemize?

As a single person with a relatively decent income but low property taxes, my SALT is right at $10K. I bunch charitable donations so that every other year I can itemize and the odd years I will use the std deduction. The SALT limit of $10K per return is one area that actually benefits single taxpaye...
by Traveler
Sun Oct 28, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buying questions
Replies: 11
Views: 989

Re: First time home buying questions

It probably depends on where you want to live vs where you work but I assume you're looking at Beaverton, Aloha, Hillsboro, maybe parts of Tigard. Surely you can find a 2000+ sq ft home in these areas for <$500K and still be in a decent school district. A quick look at Realtor.com shows plenty of se...
by Traveler
Sun Oct 21, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5622

Re: 8 reasons why pensions are [good]

I'd love to forgo SS and have a pension that paid 92% of my final five years average salary, even without a COLA. As it is today, full SS at age 70 would only be 33% of my base salary. They are most definitely not that great if you are a teacher in Texas or many other states. 1. Pension is non-COLA'...
by Traveler
Sun Oct 21, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Lufthansa Premium Economy
Replies: 47
Views: 8427

Re: Lufthansa Premium Economy

I haven't flown LH Premium Economy but I did just fly AF's Premium Economy Atlanta to Paris a few weeks ago. It was a wider seat, much more leg room, better headphones, a small amenity kit, a nicer blanket and pillow. I think dinner was the same as coach. I flew coach on the return leg and it was fi...
by Traveler
Sun Oct 21, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16819

Re: Where would you go for financial guidance if you win the Megamillions?

I'd like to think my life (or at least my mindset) wouldn't change a great deal. Unless there was a security risk, I wouldn't change where I live in my current locale and I also wouldn't buy a new car. I might buy a home overseas. And I would travel first class and stay in nicer hotels than I do now...
by Traveler
Sun Oct 14, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Should we rent a car or take our low mileage 2006 Volvo on a family trip?
Replies: 49
Views: 3236

Re: Should we rent a car or take our low mileage 2006 Volvo on a family trip?

Spend $100 on the highest level AAA membership and drive your own car. It wouldn't even be a question for me.
by Traveler
Tue Sep 25, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: What do folks use for long-term forecasting of their personal finances?
Replies: 24
Views: 2540

Re: What do folks use for long-term forecasting of their personal finances?

I use Excel and also play with Firecalc. My Excel sheet really only goes to the estimated year I will retire for assets so I have an estimation of how much I will have then. I have another longer term forecast for expenses which is what I use in Firecalc. Healthcare between retirement and Medicare i...
by Traveler
Tue Sep 25, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Be sure to check your tax estimates for 2018
Replies: 24
Views: 3349

Re: Be sure to check your tax estimates for 2018

Assuming I included everything I was supposed to on the IRS calculator, I will owe $356 on an income of >$150K. This is ideal - don't owe much and don't have a large refund.
by Traveler
Sun Sep 16, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1274

Re: Please help me assess condo purchase and overall finances

Living in the Atlanta metro area, in my opinion location and proximity to work is key to where one lives. If you'll save significant time, gas, etc on a shorter commute, that should factor into your decision as well. Your condo sounds like mine, even down to the HOA dues. I'm in a townhouse in Sandy...
by Traveler
Sun Sep 16, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 12957

Re: Considering Quitting Job - Seeking Advice. Would you do it?

I'm always fascinated when people say they work 15-20 hour days 6-7 days a week. And frankly, it's hard for me to even believe. Here is a hypothetical schedule: Up at 5:30 Logged in at work at 6:00 Work straight through, no lunch break, until 18:00 Home and dinner eaten by 19:00 Logged back in at 19...
by Traveler
Sat Aug 25, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22047

Re: Decent compensation to move to Bay Area CA?

I don't work in tech and have lived in Atlanta since 2001, having grown up in Portland, OR, lived in Sacramento for a couple years after college, and business school in Arizona. I make decent money in Atlanta that affords me a paid-for home, no car payment, 3-4 international vacations each year, a ...
by Traveler
Sat Aug 25, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22047

Re: Decent compensation to move to Bay Area CA?

I don't work in tech and have lived in Atlanta since 2001, having grown up in Portland, OR, lived in Sacramento for a couple years after college, and business school in Arizona. I make decent money in Atlanta that affords me a paid-for home, no car payment, 3-4 international vacations each year, a 4...
by Traveler
Mon Aug 20, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4055

Re: How do you pay for purchase of a vehicle in retirement?

In planning retirement expenses, I plan for a $25K car purchase expense every 10 years. I've never spend that much on a car and usually keep cars longer than 10 years so I may be overestimating the expense. My anticipated travel expense is much greater than my car expense.
by Traveler
Mon Aug 20, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: BH Career advice
Replies: 18
Views: 1744

Re: BH Career advice

Run some scenarios through firecalc and see what it says. I would probably work a few more years in your current roles, live frugally and then call it quits.
by Traveler
Mon Aug 20, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12151

Re: Is a million really the benchmark for retirement

you can set 1 mil as a milestone target. with 1 mil and proper investment to beat the inflation assuming you withdraw 3% , it would last 30 years of your retirement. Assuming you would also get 20k from SS, so the total $50k would get you some sort of "decent" retirement cost covered. But would thi...
by Traveler
Mon Aug 20, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5510

Re: How much do you put away in investments?

About $100K, ~50-60% of gross. And more than twice my current expenses (not including fed/state income taxes).
by Traveler
Sun Aug 19, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Switching jobs: what’s your number?
Replies: 12
Views: 1369

Re: Switching jobs: what’s your number?

I'd say at least +20% in total comp which includes base, bonus (plus find out historical bonus payout), 401K match, other retirement contributions, cost of benefits (including premiums, deductibles, etc), HSA availability, time off, hours expected, and any other financial items I'm not thinking of r...
by Traveler
Sun Aug 19, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: What kind of medical events that may ruin your retirement?
Replies: 73
Views: 5672

Re: What kind of medical events that may ruin your retirement?

I would go without auto (collision/comp) and home insurance long before I'd go without health insurance. At least the car and home have limits on potential loss.
by Traveler
Sat Aug 18, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: FLorida Condo Insurance
Replies: 6
Views: 730

Re: FLorida Condo Insurance

I'm not in Florida, but I do own a condo. If your former policy was similar to renter's insurance, are you sure you were properly covered as the owner of the condo? Renter's insurance typically covers belongings, while actual condo insurance covers from the studs in (in the event of a major flood, f...
by Traveler
Sat Aug 18, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5164

Re: Your major and investing/finance?

Undergrad in Int'l Business and Marketing and an MBA I'm not sure there is a correlation between college major and financial lifestyle. I see MBAs at work who are in debt up to their eyeballs. I've also tried to explain to someone with a masters in education that learning a few investment techniques...
by Traveler
Sat Aug 18, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6236

Re: Savings rate per month???

I'm not the OP, but I think those questioning including an employer match/contribution are losing the point of this post. What an employer contributes to my retirement account is part of my compensation. Examples: Employer A pays $100K base and contributes $10K to the retirement account Employer B p...
by Traveler
Fri Aug 17, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6236

Re: Savings rate per month???

fiskalisch gesinnt wrote:
Fri Aug 17, 2018 12:21 pm
Question: For those including the employer match, are you including it in both the numerator and denominator?
Yes, of course
by Traveler
Thu Aug 16, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6236

Re: Savings rate per month???

55-60% of gross annually including what my employer contributes to retirement accounts
by Traveler
Sun Aug 12, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 121
Views: 9836

Re: Can I buy a Tesla?

With your income, I'd wait until I had the money to buy it for cash. I personally would hesitate on the Tesla because I think they will be bankrupt soon - bleeding cash and have debt due soon, but that's whole other story.
by Traveler
Sat Aug 11, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3471

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Jan-Jul of this year I averaged $3000/month with a low of $1941 and a high of $4078. Volatile but in some cases plannable. The high month had a vacation in it. For planning purposes, because I never know exactly when I will take vacations during the year, I set an annual amount and divide it by 12. ...
by Traveler
Sat Aug 11, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Insuring for sewer damage in a slab home
Replies: 14
Views: 1257

Re: Insuring for sewer damage in a slab home

Interesting because I was just shopping around my insurance and I asked about sewer backup coverage and the agent's question was, do you have a basement? I said no. He said they you don't need it if you're on a slab. My thought was, what??? My previous home was on a slab and the sewer line backed up...
by Traveler
Sat Aug 11, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6881

Re: Paper checks yes or no?

I just had to order some checks. Don't remember the last time I did that. I use them for my hairdresser who doesn't accept credit card, property taxes because I refuse to pay the ridiculous fee to process it online, car tag renewal for the same reason, bday and Christmas gifts for my three nephews b...
by Traveler
Thu Aug 09, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 1967

Re: Help to evaluate Job Offer

A VP at major bank only makes $96K? Or is this part of the overinflated title game the banks play?
by Traveler
Sun Jul 29, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I retire early?
Replies: 18
Views: 3469

Re: Should I retire early?

I was a long term disability claims examiner in a previous career and most policies I dealt with went to age 65, but I don't think we paid if one retired. The benefit was also offset by SS disability.
by Traveler
Sun Jul 29, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: When is it time?
Replies: 8
Views: 900

Re: When is it time?

I am planning to retire in the 53-55 range. The biggest unknown is healthcare and what my options will be in 7-9 years. I include $2000/month of expense in my calculations but in reality I have no idea if a policy for that amount will even be an option. You can use COBRA for 18 months to bridge some...
by Traveler
Sun Jul 22, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4829

Re: Real salary growth negative?

I work at a megacorp (100,000+ employees) and have averaged 3.5% annual raises for the last eight years with no promotion. This year's was 2.25% which is the lowest I've had in those eight years. I took a 10% and another 9% pay cut within 15 months at a former employer so I'm not complaining much ab...
by Traveler
Sat Jul 21, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 2234

Re: High school graduation monetary gift for nephew

My twin nephews graduated from high school last year and I gave them each $500. Their brother will graduate next year and he will get the same. I give each of them $150 for Christmas and $150 for their birthdays each year. They are my only three nephews/nieces and I am single/no kids with a decent i...
by Traveler
Tue Jul 10, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 3186

Re: Management at Megacorp

For only 7% more pay and maybe an extra 1-2% in bonus, there's no way I'd work that many more hours. I'm in management at a megacorp and if I was promoted right now, my base would likely only increase 5% but my bonus would go from 35% to 60%. Even then, I'm not sure I want the additional responsibil...
by Traveler
Sat Jul 07, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Conundrum
Replies: 5
Views: 779

Re: Another Home Affordability Conundrum

Regarding the relocation package, be sure you fully understand what is included in "closing costs". I made a mistake once when I bought my first home and it ended up that not everything that I thought would be included actually was, so I didn't get as much paid as expected.
by Traveler
Wed Jul 04, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: International Vacation Ideas
Replies: 47
Views: 3560

Re: International Vacation Ideas

A few suggestions: Greek Islands Iceland (I was appalled that someone suggested you only need a couple days there - I spent 12 days driving around the entire island and loved every single day of it) Argentina (Buenos Aires, Iguazu Falls, Patagonia, although I haven't been to Patagonia) Japan (not su...
by Traveler
Sat Jun 30, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: Vacation- home precautions?
Replies: 39
Views: 5353

Re: Vacation- home precautions?

Gosh, what a laundry list for a one-week trip. I do 4-5 one-week or longer trips a year and I simply set the thermostat to not kick on as often (whether it's heat in winter or AC in summer), take the trash out, close the blinds or curtains, unplug my laptop, tell one neighbor I will be gone until xy...
by Traveler
Sun Jun 24, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: 2019 trip to France and Switzerland
Replies: 10
Views: 925

Re: 2019 trip to France and Switzerland

Why not do an open jaw ticket and fly into Paris, spend however many days you want to there, and then take a train to Luzern (which is beautiful, by the way - was there in spring 2017) and then fly out of Zurich?
by Traveler
Sun Jun 24, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22384

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

I made a post here. Then of course, because I calculated it based on the actual definition of net worth and not some BH bastardized definition, I was reminded by some that it should be investable assets, not including home equity. Mind you, my home is paid off and not worth a lot, but I guess I have...
by Traveler
Wed Jun 20, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 3021

Re: Best time to travel to Iceland?

I went in late May/early June of 2016 and had great weather for all but the first day of the 11 day trip. I drove the ring road around the island. It was great. It probably wasn't the least expensive time to go but it also wasn't the most expensive time. I highly recommend it. It is like nothing you...
by Traveler
Sun Jun 17, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3755

Re: How to calculate "fun money" per year?

One approach is to calculate your take home pay less regular bills, less savings for large items (property taxes, new roof, new car, etc), less additional savings for retirement if needed/wanted (beyond 401K, HSA, IRA that are typically pre-tax), and spend the rest. I have a fairly detailed annual b...
by Traveler
Sun Jun 17, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 2174

Re: Italy Trip Questions

If you want to go, go, go, ten days would be enough to see the top sights in each place. I personally don't care for Florence and would much rather roam around Venice, but to each his own. I did an eight night driving trip through the Umbria region last fall (similar to Tuscany) and felt like I coul...
by Traveler
Sun Jun 17, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9442

Re: Which Supermarket are you?

I primarily shop at Kroger and Publix but buy a few specific things at Trader Joe's. I rarely shop at Aldi or Target and never at Whole Foods and Walmart. I occasionally look at the weekly ads but saving a few dollars usually isn't worth the inconvenience of going to multiple stores.
by Traveler
Fri Jun 15, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7600

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

Go! Travel! I make a bit over half of your income and my travel budget is $14K/year - the biggest line item in my budget.
by Traveler
Sun Jun 10, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: FedEx Home Delivery and PO box
Replies: 15
Views: 1396

Re: FedEx Home Delivery and PO box

Can you route it to a nearby Walgreens? FedEx partners with Walgreens as alternative delivery points.
by Traveler
Sun Jun 10, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 6996

Re: Need advice on 1st international vacation

I have traveled all over Europe, to most countries by myself. I've also traveled to several countries in central and south America as well as Japan by myself. For a 7-10 day trip, you're best off with Europe. Language: I wouldn't let language even be a consideration for anywhere in Europe. I did a 1...