Search found 284 matches

by Runner01
Thu Oct 18, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 4985

Re: Spoke with a CFP...underwhelming!

JW-Retired wrote:
Thu Oct 18, 2018 8:36 am
unstoppable wrote:
Thu Oct 18, 2018 6:59 am
3. We both agreed on the SWR of 4% and most of the common mentions there...
Did you both agree that the SWR of 4% was before his cost? Leaving you to net for example 3%?

If not, how did he skirt that fact of arithmetic?
JW
This is a non issue if the advisor is fee only.
by Runner01
Thu Oct 18, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 4985

Re: Spoke with a CFP...underwhelming!

re: Tax efficient fund placement The CFP's main goal is likely to create a workable plan that the average client can easily stick to. Portfolio wide asset allocation management may be unnecessarily complex for most of his clients so he creates a more simplified plan that will still lead to financial...
by Runner01
Thu Oct 04, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13382

Re: Correlation between the FIRE movement and one of the greatest bull markets

Fellow posters,
Please remember that FIRE stands for Financial Independence Retire Early. One can be interested in the FI aspect of FIRE without pursuing the RE aspect. Just because someone has a blog or some part time job doesn't mean they are not FIRE.
by Runner01
Sun Aug 26, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: UTMA account - VTSMX vs. FZROX
Replies: 6
Views: 455

Re: UTMA account - VTSMX vs. FZROX

I am using Vanguard ETFs in my son’s UTMA (at Vanguard) until he has enough of each fund to purchase Admiral fund versions. The ETFs have much lower ERs than the investor level mutual funds.
by Runner01
Thu Jul 19, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Laminate Floor making 'popping' noise
Replies: 30
Views: 2572

Re: Laminate Floor making 'popping' noise

It only bothers you because you are the one that installed it. When I did my downstairs I accidentally created a stair step pattern for a couple planks (boards lengths were staggered but the two plank pattern on the boards ended up stair stepped) in my kitchen and while it still bothers me whenever ...
by Runner01
Mon Jul 09, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Custodial Account (UTMA) and short term capital gains
Replies: 3
Views: 211

Custodial Account (UTMA) and short term capital gains

Hello, I would like to make some changes to my son's portfolio as well as harvest some gains. I have harvested gains in the past but they were always long term capital gains. However now I would like to sell some funds with short term capital gains in order to clean up his portfolio (this is related...
by Runner01
Mon May 28, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 90
Views: 10714

Re: Peloton spin bike worth the high cost?

Do you have any interest in road riding as well? I ask because you can get a nice high end alloy or mid level carbon fiber bike and a direct drive trainer (different training programs can automatically change the tension) for $3k total. That way you can ride in the house and also hit the road when y...
by Runner01
Tue May 08, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 6869

Re: How much car to buy on $250K income, $200K NW, newborn on the way

I would probably buy a quality used car in the $10-15k range regardless of my household income. That may seem low to many on here but cars are just something I don’t value spending a lot of money on.
by Runner01
Tue May 01, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 11844

Re: Have you quit eating sugar? Tell me how!

Why limit your intake of whole fruit? Ever meet a fat person that blames it on too many bananas? I guess if eating fruit leads you to eating candy then I can see why you would want to limit your intake.
by Runner01
Mon Apr 16, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Allegiant Airlines...Anyone watch CBS 60 Minutes?
Replies: 55
Views: 6350

Re: Allegiant Airlines...Anyone watch CBS 60 Minutes?

I have looked at Allegiant in the past but found Southwest to be cheaper if I bring a carry on and 1 checked bag. However, my local airport is a fortress hub for Southwest so that may play a big part in them being cheaper.
by Runner01
Thu Apr 05, 2018 5:51 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 18015

Re: What can we learn from secret millionaires.

I can also tell you that one attribute of a secret millionaire is that they understand very well that a million dollars isn't a lot of money. Not a lot of money in what context? The median individual income in the US is around $26k/yr so I would think that an amount of money that produces over 150%...
by Runner01
Wed Apr 04, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 18015

Re: What can we learn from secret millionaires.

I can also tell you that one attribute of a secret millionaire is that they understand very well that a million dollars isn't a lot of money. Not a lot of money in what context? The median individual income in the US is around $26k/yr so I would think that an amount of money that produces over 150%...
by Runner01
Wed Apr 04, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 18015

Re: What can we learn from secret millionaires.

Articles like these always seem so judgmental that these secret millionaires don’t share the same values as the average American. If they did, they would just be another broke American!
by Runner01
Fri Mar 16, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 34784

Re: Those with high savings rate: why?

For us I think it is 2 main points. 1. No desire to stretch our housing and auto budgets like many Americans. We are perfectly happy driving $10,000 used cars and living in our 1,100 sq ft house (living in a lower cost of living area also helps). 2. A lesser version of depression era mentality. Ente...
by Runner01
Tue Feb 13, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 781

Re: Vanguard REIT Fund Forms 1099

No, it doesn’t look like 1099s are available yet. Vanguard says “mid February” and Turbo Tax says February 14th.
by Runner01
Tue Feb 13, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 13740

Re: Did you learn anything from the market correction?

Every time we have a correction I have a strong desire to dump more money into the market. However, since I always invest as money becomes available, I don’t ever follow through with that desire. Oh well.
by Runner01
Tue Feb 06, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3351

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

We hang unwanted patent plaques in our conference rooms that customers and vendors will be in. We often end up with a bunch of duplicates but we spread them out so it isn’t as noticeable.
by Runner01
Fri Jan 12, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 65
Views: 6727

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

We will continue using a traditional 401(k) due to the EITC. We also contribute $2k to an IRA so my wife (SAHM) can qualify for the saver's credit and that will likely be Roth unless we are close to moving up a tier of the saver's credit.
by Runner01
Tue Jan 02, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 14338

Re: Embarrassment Preventing Retirement Work: A factor for you?

I would feel sorry for those people if they started gossiping about you working a part time job. What sad insignificant lives they must live.
by Runner01
Fri Dec 29, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA with low income but high net worth
Replies: 39
Views: 3189

Re: FAFSA with low income but high net worth

As others have already pointed out, lower your household agi below $49,999 and there is no asset test. Simple enough.

Edit: this only applies to FAFSA
by Runner01
Thu Dec 28, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 85
Views: 11893

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

My wife’s Honda had the passenger airbag recalled and they told her not to let anyone sit in the front seat for a few months while the part was on order. She told them she drives clients around and it would be ridiculous for them to sit in the back so after a lot of back and forth they gave her a lo...
by Runner01
Mon Dec 18, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 5367

Re: opinions requested on student college decision / financial related

If you send her to the $65k/yr school it seems to me like you are setting your daughter up for unrealistic expectations in life given she is pursuing a career in nursing. She will be surrounded by others whose families can afford such an expensive school and that may cause her to attempt to live a l...
by Runner01
Thu Nov 16, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Investing help family of four....Do nothing?
Replies: 22
Views: 2322

Re: Investing help family of four....Do nothing?

One alternative is to lower your agi below $50k to qualify for the simplified needs test which ignores assets.


Have you considered what "financial aid" would look like for your family? Are you willing to potentially limit your future wealth in order to qualify for subsidized student loans?
by Runner01
Thu Sep 21, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: The money trail...import vehicle vs domestic.
Replies: 32
Views: 2971

Re: The money trail...import vehicle vs domestic.

I think it is important for everyone to have a good understanding of where they spend their money and the potential implications so personal decisions can be made. I've worked for 3 different Japanese companies and 1 Dutch company in a different industry so I have a reasonable understanding of the ...
by Runner01
Tue Sep 12, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Earned Income Credit ???'s for First-Timer . . .
Replies: 6
Views: 949

Re: Earned Income Credit ???'s for First-Timer . . .

This will be the second year that we are eligible for the EITC and I can confirm that tIRA contributions have not increased our EITC. You could however contribute to a tIRA enough to push yourself into the 20% savers credit tier (less than $40k AGI). Do you have access to an HSA? Contributions made ...
by Runner01
Fri Sep 01, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 5826

Re: Robert Kiyosaki - rich dad, poor dad

I borrowed Rich Dad Poor Dad and Cash Flow Quadrant from the library due to all of the talk I heard about them. I would say that I didn't really learn anything new from the books (and some information was either poorly worded or wrong). I guess I would be okay recommending the books to a financial n...
by Runner01
Tue Aug 29, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 8194

Re: Bad Idea to Have Zero Credit Cards?

I'm sorry, but there is no way a debit card has the "exact same protection" as a cc, despite what Dave Ramsey says. http://www.magnifymoney.com/blog/consumer-watchdog/avoid-using-debit-card-merchants499186879/ This article is talking about pin transactions which is not the same thing as using your ...
by Runner01
Mon Aug 28, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 8194

Re: Bad Idea to Have Zero Credit Cards?

We used only a Visa debit bank card (swiped as "credit", never used the PIN number) for years with zero hassle. We rented cars, booked rooms, and bought plane tickets with zero issues. Our credit union even gave cash back when the card was swiped as "credit". You are also afforded the exact same fra...
by Runner01
Mon Aug 28, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Article on Savings - Are BHs the 1% ?
Replies: 23
Views: 4392

Re: Article on Savings - Are BHs the 1% ?

Not surprised to be honest. It is somewhat troubling though to see the median for 56-61 is $17,000.

Nice to see that even though we earn near the median household income we apparently have 24x the median retirement savings (both early 30s w/ sahm) :sharebeer .
by Runner01
Sat Aug 26, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: dresser for an adult?
Replies: 15
Views: 1706

Re: dresser for an adult?

Thrift store/Salvation Army, just make sure you vacuum/clean outside and inside.

Paying more than $10-$20 for a dresser just seems pointless to me but YMMV.
by Runner01
Fri Aug 25, 2017 7:26 am
Forum: Personal Consumer Issues
Topic: Quietest tire for 2017 Honda CRV?
Replies: 32
Views: 9943

Re: Quietest tire for 2017 Honda CRV?

I can speak from experience that Cooper touring tires are very quiet and comfortable. They were a little pricey but well worth the money in my opinion.
by Runner01
Wed Aug 23, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 21874

Re: What should the savings be for an average professional

Definitely not average but at age 31 we have $155k in cash and investments with my wife staying at home with our child and a HH income of about $55k.

My son is 2 and has $4k invested in his UTMA, I'm not sure how he compares to his cohort :P .
by Runner01
Sun Aug 20, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 8408

Re: Safe car for wife and baby

Why stop at an SUV? Maybe your wife could get her CDL, apparently Freightliner makes the safest semi trucks.

https://freightliner.com/blog-and-newsl ... ck-brands/

But in all seriousness, a new Volvo or Tesla anything is a good choice.
by Runner01
Tue Aug 15, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 7902

Re: Plan for making child pay for part of college

A quick check of Fortune 500 CEOs and board members can quickly illustrate how few CC graduates are in there.
How would you even know? My transcript from Penn State makes zero mention of the fact that I attended a community college for the first two years.
by Runner01
Mon Aug 07, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 9601

Re: kids think lazy if retire?

Seems like an awesome teaching moment. You are living proof that if you work hard and make intelligent choices with your money, you can sit at home and watch movies while other people have to spend 12 hours per day at a job they hate.
by Runner01
Mon Aug 07, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: Time to leave our dentist??
Replies: 54
Views: 7989

Re: Time to leave our dentist??

Last time my dentist found a cavity in an X-ray he showed me the X-ray and explained how he determined it's a cavity. Not sure if that is common practice among dentists.
by Runner01
Thu Jul 20, 2017 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 2757

Re: Designed an aggressive 20 year portfolio. Thoughts?

Historically value has outperformed growth, especially small cap value. Paul Merriman has discussed this in many articles on his website and others.
by Runner01
Wed Jul 05, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Should I still buy index funds now at such a high price before an impending recession?
Replies: 59
Views: 9554

Re: Should I still buy index funds now at such a high price before an impending recession?

I am still waiting for the double dip recession in 2010 that many "financial experts" warned us about.
by Runner01
Fri Jun 23, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 5508

Re: New Baby - Wife stay at home for 1 year?

My wife has a similar earning potential and we decided she would stay home until our child starts Kindergarten. We are happy with the decision are not concerned with any impact that it may have on her earning potential. To be honest, I am not looking forward to her returning to work as it is so conv...
by Runner01
Wed Jun 07, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Article: Compare ROI of college education vs S&P500
Replies: 52
Views: 4774

Re: Article: Compare ROI of college education vs S&P500

lightheir wrote:
That ship has sailed lonnnngg ago.
Hey now, I am only in my early 30s. Don't make me feel old!
by Runner01
Mon Jun 05, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Article: Compare ROI of college education vs S&P500
Replies: 52
Views: 4774

Re: Article: Compare ROI of college education vs S&P500

What about option #3? Get a full time job that pays for your college education! Yes, I know my situation is rare :P I'd say this is terrible advice for the typical 18-yr old college-bound person today. If you have enough time to work an 8hr legit workday that pays enough to cover the typical $30k+ ...
by Runner01
Mon Jun 05, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: Article: Compare ROI of college education vs S&P500
Replies: 52
Views: 4774

Re: Article: Compare ROI of college education vs S&P500

What about option #3? Get a full time job that pays for your college education! Yes, I know my situation is rare :P
by Runner01
Fri Jun 02, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 6350

Re: Is there a way on earth to reduce SS taxes?

As noted, pretax HSA contributions through your employer lower your FICA taxes.
by Runner01
Thu May 11, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1382

Re: Bicycling Delaware Maryland Pennsylvania

York County Heritage Rail Trail is a 21 mile rail trail in south central PA. The rail trail meets up with the NCR trail at the PA/MD border and continues south another 20 miles or so. I frequently do 50-100 mile road rides around York (I like riding west to Gettysburg) but I wouldn't say the road ri...
by Runner01
Wed May 03, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 36097

Re: Where to Live on $60K or Less a Year?

York County PA In no particular order: Day trips to NYC, DC, Baltimore, and Phila Less than 1 hour drive to the Appalachian Trail 3-4 hour drive to OCMD / Delaware beaches Thousands of acres of state/county parks with miles of hiking in the county Large senior population and plenty of medical facili...
by Runner01
Sun Apr 23, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: Recommendation for Adults-only All-Inclusive resort/hotel?
Replies: 21
Views: 4534

Re: Recommendation for Adults-only All-Inclusive resort/hotel?

We really enjoyed our stay at Couples Negril. The resort was nice, the staff was attentive, and the beach was nice. We have also stayed at Couples Swept Away in Negril but it had a way different vibe (party/swinger atmosphere) that just wasn't for us. If you do go to a resort in negril I recommend p...
by Runner01
Thu Mar 23, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Reimburse Medical Expenses in "Arrears" with HSA?
Replies: 25
Views: 1856

Re: Reimburse Medical Expenses in "Arrears" with HSA?

That said, generally the more you can put in the better. Once you have your 401k match, HSA is often a better deal due to option to withdraw tax free. You can withdraw money for any purpose without penalty at age 65, though like 401k you pay income tax. You can withdraw for medical expense (which, ...
by Runner01
Tue Mar 21, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 6904

Re: Any downside in buying a brand new house ?

A new house my mother lived in with her long term boyfriend experienced substantial settling to the point that interior doors could not be closed without forcing them. There was substantial cracking of the sheet rock as well. The worst part of the situation was that they had to pay for all of the re...
by Runner01
Tue Mar 07, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: Are Fiat Cars Junk?
Replies: 71
Views: 7285

Re: Are Fiat Cars Junk?

$10k is by no means a tight budget constraint for a quality used car. I personally would skip the unreliable Italian car though and pick up a 5 spd Honda Fit (speaking for experience). They are reliable, economical, roomy enough for fit 5 non obese adults, and kind of fun to drive (with a 5 spd). He...
by Runner01
Mon Mar 06, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Who holds Vanguard and/or iShares at TD Ameritrade?
Replies: 8
Views: 1474

Re: Who holds Vanguard and/or iShares at TD Ameritrade?

I've been reading a lot threads on taxable accounts and it seems one consensus is that Vanguard is horrible with tax reporting, and that TD Ameritrade and WellsTrade does a fairly good job with tax reporting. Wheh I file taxes in 2018, it will be my first year filing with taxable investments so I w...