Search found 3857 matches

by EnjoyIt
Sun May 24, 2020 10:31 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 79
Views: 5512

Re: Has anyone ever used their Emergency Fund?

Have you actually evaluated the “opportunity cost” of keeping an emergency fund in a high toiled savings accounting getting 1.25% vs investing it in the stock market based on your asset allocation? Let’s say you spend $8k a month that is $48k for 6 month EF. At 1.25% that will give you $600. If inv...
by EnjoyIt
Sun May 24, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 50
Views: 4307

Re: What do people spend money on?

As someone with roughly 4x your NW and income, here is my take. Some things you could do if you wanted: - Private school for the kids, if it's better than the public options. - Weekend home. This probably only makes sense if it's substantially different from your weekday home (e.g. weekday home is ...
by EnjoyIt
Sun May 24, 2020 3:26 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 79
Views: 5512

Re: Has anyone ever used their Emergency Fund?

I have. Why do you ask? PJW As I consider beefing up my Emergency Fund, I can't help but to think about the opportunity cost associated with not investing that additional cash in the market. So am trying to strike that balance between securing enough cash in case of an emergency vs. putting that ca...
by EnjoyIt
Sun May 24, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card perks besides cash/points?
Replies: 19
Views: 1449

Re: Best credit card perks besides cash/points?

I have a family member you tried to invoke the insurance regarding a canceled trip secondary to a medical issue. This has occurred almost 2 years ago and still no money back. I have a feeling these credit card insurances are worth very little.
by EnjoyIt
Sun May 24, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 50
Views: 4307

Re: What do people spend money on?

Didn't you say this: Don’t work in something you hate, but also don’t get caught in the trap of seeking “fulfillment” at work. It’s a suckers game, and in the end work will always be work and it isn’t what will make you happy. Find external hobbies to achieve “fulfillment”. Work is what ensures you ...
by EnjoyIt
Sat May 23, 2020 6:38 pm
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 36
Views: 2329

Re: Roth IRA for children

At what age can one hire your child to help out around the home office? Office duties would include cleaning up and filling paperwork. Is this a home office as a W-2 employee or for a business you own. If it is the former the age is a moot point, because there is no avenue to employ them. If it is ...
by EnjoyIt
Sat May 23, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card perks besides cash/points?
Replies: 19
Views: 1449

Re: Best credit card perks besides cash/points?

Maybe today not so much, But we have enjoyed the lounge access some credit cards provide at airports. If you travel even a few times a year, it may very well be worth it. When flying out of our home town, it is so much easier to just wake up and go to the airport and then enjoy some free food and dr...
by EnjoyIt
Sat May 23, 2020 1:07 pm
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 36
Views: 2329

Re: Roth IRA for children

At what age can one hire your child to help out around the home office? Office duties would include cleaning up and filling paperwork.
by EnjoyIt
Sat May 23, 2020 12:19 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1403
Views: 189464

Re: Just Paid Off My Mortgage

Never made any sense for us to pay off mortgages until we retired. I generally agree with you. But, at some point wealth to debt to bond ratios make selling low earning bonds and paying off debt a good idea. Even if it adjusts your AA temporarily. Example with round numbers: $1.5 million portfolio ...
by EnjoyIt
Sat May 23, 2020 11:46 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1403
Views: 189464

Re: Just Paid Off My Mortgage

Congrats on this endeavor.

I think if rates keep falling for bonds and savings accounts I will be doing something similar. Our mortgage is sub 3% as well.
by EnjoyIt
Sat May 23, 2020 11:39 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3367

Re: Do you dislike recurring billing for gyms?

Once gyms reopen, I was going to join LA Fitness. They have pretty good monthly rates, except... Recurring monthly charges must be paid by electronic funds transfer from your checking or savings account or automatic transfer from an accepted credit or debit card. There's no way I'm letting some com...
by EnjoyIt
Sat May 23, 2020 11:16 am
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 36
Views: 2329

Re: Roth IRA for children

Was wondering about this yesterday. Wife starting her own business. Could we pay the kids to use there photos on the website? Its probably nothing significant, but maybe something to start a Roth IRA for each? $1000 each one time for there likeness? Many bloggers do exactly what you describe.
by EnjoyIt
Sat May 23, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 267
Views: 17455

Re: The axe falls and I am prepared. What's next?

Financially you are in great shape and likely you have more money than your current needs. This is especially true with your spouse providing health insurance and still working part time. Is there any thoughts or plans on what to do with the extra money? I’m sure now during these uncertain times bei...
by EnjoyIt
Fri May 22, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 267
Views: 17455

Re: The axe falls and I am prepared. What's next?

Sorry to hear about your layoff, that is always hard even if you are expecting it. I am looking for opinions from those that had gone down the same path. I voluntary retired a bit less than five years ago just before I turned 59. My Social Security and expected expenses were very similar to yours. ...
by EnjoyIt
Fri May 22, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 267
Views: 17455

Re: The axe falls and I am prepared. What's next?

KlangFool, Sorry for you termination. No matter how prepared you are, it always hits hard on the ego. But, as we all know, you knew this was coming and prepared yourself well. With that in mind I am confident you know your finances are in great shape and you have nothing to worry about there. The qu...
by EnjoyIt
Fri May 22, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying PPP Loan Prior to Requesting Forgiveness
Replies: 8
Views: 438

Re: Prepaying PPP Loan Prior to Requesting Forgiveness

I took my loan monies and immediately placed them in a high yield savings account earning 1.3%
Once this whole forgiveness thing is figured out I will move or use it.
by EnjoyIt
Fri May 22, 2020 4:17 pm
Forum: Personal Consumer Issues
Topic: Safely disinfecting frozen food packages from corona virus?
Replies: 51
Views: 3548

Re: Safely disinfecting frozen food packages from corona virus?

It may indeed be overkill, but as a person who cannot seem to keep from touching my face, I do worry about transfer. We know that viruses are preserved by refrigeration or freezing, so I do disinfect items destined for fridge or freezer. I use 91% isopropyl squirted onto a square of paper towel. I ...
by EnjoyIt
Fri May 22, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: Safely disinfecting frozen food packages from corona virus?
Replies: 51
Views: 3548

Re: Safely disinfecting frozen food packages from corona virus?

I see way too much overkill regarding safety by some people. I get the desire to be safe and the uncertainty presented by the lack of definitive information leads to people doing very expensive and time consuming things. At the end of the day we need to be able to fall asleep without worry so I rea...
by EnjoyIt
Fri May 22, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6783

Re: The Taleb Asness 'debate' in the light of Bogleheads philosophy

We see people pitch doom and gloom all the time. With enough people, and over enough time one of them will get it right and be called a genius. If one has many different 1% low probability high reward bets, they tend to add up well over 1% and become a significant drain on one’s portfolio unless of ...
by EnjoyIt
Fri May 22, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6783

Re: The Taleb Asness 'debate' in the light of Bogleheads philosphy

Taleb called Asness 'disgusting "AQR" luantic' ... I've yet to see the other side of the exchange but that's nuts. Already losing some respect here. Seems like COVID is driving even the smartest folks nuts. :twisted: Taleb has never really been a diplomat and this isn't new twitter behavior for him...
by EnjoyIt
Fri May 22, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Another Round Retirement Plan
Replies: 29
Views: 2084

Re: Another Round Retirement Plan

Sure, if the pension has no COLA, calculate a reasonable figure for that. So you would like to spend $64K and you only have $60K. That's a lot more manageable than the original 94K to 79K delta. There is a much better way to make up for a shortfall than the 4% rule. Spend some portfolio money on ex...
by EnjoyIt
Fri May 22, 2020 12:31 am
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4026

Re: Assuming we start paying banks to hold our money (in the US)

You may well be right about -.5%. That's not the point I was trying to make, though. I'm just pointing out that there's another option on the table when nominal rates go negative - one that goes from making very little sense to making increasingly more sense at sub-zero yields. It might well be tha...
by EnjoyIt
Thu May 21, 2020 5:06 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19157

Re: What is your most luxury/expensive hobby.

I collect pinball machines. The price of a pinball machine can be as low as free to as high as $12K (not counting super rare collectible pins which can go for a lot more). I’m concentrated on pins in the $6-7K price range and have 13 of them. Not just the price of the machines which is typically wh...
by EnjoyIt
Thu May 21, 2020 4:28 pm
Forum: Personal Consumer Issues
Topic: Safely disinfecting frozen food packages from corona virus?
Replies: 51
Views: 3548

Re: Safely disinfecting frozen food packages from corona virus?

I see way too much overkill regarding safety by some people. I get the desire to be safe and the uncertainty presented by the lack of definitive information leads to people doing very expensive and time consuming things. At the end of the day we need to be able to fall asleep without worry so I real...
by EnjoyIt
Thu May 21, 2020 2:10 pm
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4026

Re: Assuming we start paying banks to hold our money (in the US)

retired@50 wrote:
Thu May 21, 2020 2:02 pm
I suspect if it does happen, that people will just store their cash at home, or it will drive them into riskier bonds that still pay interest.

Regards,
Or they will start paying off debt which will decrease the money supply further leading to even more deflation.
by EnjoyIt
Thu May 21, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 57
Views: 5261

Re: Healthcare post COVID-19

I look at healthcare post-COVID-19 from the perspective of health (rather than disease) : - In the past three or four years, I have been reading books and blogs, listening to podcasts, and searching for specific health-related information. I am trying to exercise personalized healthcare, meaning th...
by EnjoyIt
Thu May 21, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 188
Views: 13884

Re: Some possible luxury SUV choices to buy: Opinions?

I'm an engineer at FCA, so please take my comments with a grain of bias. I would highly recommend the Maserati Levante, though that might be not everyone's taste. With Maserati depreciation, you can probably get the 80k MSRP car for 40k after 2 years:) I have no doubt it is has better materials tha...
by EnjoyIt
Tue May 19, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7668

Re: Income about to be halved - what do we do?

The announcement just came out that this cut is indeed taking place for the remainder of the year so cutting back on all expenses. I'll wait until the end of the year to make a decision on IRAs/IBonds but still need to decide on the mortgage. Should have 30k coming in June. Hang onto it for now or ...
by EnjoyIt
Mon May 18, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31895

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I'm self-employed (PLLC filing a Schedule C, with a Schedule C net profit of over $100K in 2019). I just completed a draft of the form. I made a few wrong turns in completing the form before getting back on track but the form worked for me, resulting in a forgiveness of $15,385 on a loan of $20,832...
by EnjoyIt
Mon May 18, 2020 7:48 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

"If you are forced to give a blanket recommendation to early retirees, 3.5% WR is properly safe historically." So your thoughts are early retirees can use a 3.5% SWR as long as the equity portion is in the 70-80% area. I agree with that entirely. I don't think a blanket statement is appropriate bec...
by EnjoyIt
Mon May 18, 2020 7:22 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

"That data overwhelmingly points to a 4% withdrawal rate working for almost any retirement length with a >50% equity portfolio." Actually there is a lot of work and data that suggests that the 4% rule of thumb would be best reduced for todays environment and also reduced for retirement horizons mor...
by EnjoyIt
Mon May 18, 2020 7:05 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

This isn’t a question of similar results or not. The fundamental problem is that with only three independent data points you simply can’t have 95% confidence. There isn’t a “solution” either. We just can’t be as certain as we want to be. Folks still need to make decisions, but we/they are fooling t...
by EnjoyIt
Sun May 17, 2020 10:13 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372672

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Good to know. I think E*TRADE's latest offer may be an exception to this rule as the terms seem to allow for Individual (Solo) 401Ks Here are the terms: Offer valid for existing E*TRADE Securities brokerage, Coverdell, and the following types of E*TRADE retirement accounts: Traditional IRA, Individ...
by EnjoyIt
Sun May 17, 2020 7:27 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Im retired and have about 4 years expenses in a money mkt account with Vanguard making about 2%. About 25% of our total funds. Not as good a bonds, but no worries either. I can tell you stock market fluctuations are of no concern to me and I love that. Which Vanguard MM account is paying about 2%? ...
by EnjoyIt
Sun May 17, 2020 7:24 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Triple digit golfer, I will give you one. Treasury Money Market Fund is exempted from state income taxes. And, it is as safe as the FDIC insured savings account. KlangFool Klang, Have you seen the rate on Vanguard Treasury MM? It is 0.33%. Not worth it today. EnjoyIt, I am a "good enough" person. I...
by EnjoyIt
Sun May 17, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6578

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

[Thread merged into here, see below. --admin LadyGeek] I'm not too sure what to make of this. I usually have pretty regular/predictable spending patterns, but my expenses have gone up 2-3X since Mar when WFH and COVID-19 lock down started. My health has been adversely affected by COVID-19, and that...
by EnjoyIt
Sun May 17, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7668

Re: Income about to be halved - what do we do?

What are your ages? Let me rephrase in case that question came across as rude/blunt/nosy. If you are relatively young and want to increase your cash flow, perhaps you can refinance your house. She/he may be able to recast the mortgage for a lower fee in order to lower payments. I'm with a lot of fo...
by EnjoyIt
Sun May 17, 2020 3:48 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Use a high yield savings account. It is FDIC insured and earns more than the non-insured money market mutual funds. I can't think of a single good reason to use a money market mutual fund other than convenience and it will cost you to do so. Triple digit golfer, I will give you one. Treasury Money ...
by EnjoyIt
Sun May 17, 2020 10:16 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Use a high yield savings account. It is FDIC insured and earns more than the non-insured money market mutual funds. I can't think of a single good reason to use a money market mutual fund other than convenience and it will cost you to do so. Triple digit golfer, I will give you one. Treasury Money ...
by EnjoyIt
Sat May 16, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7668

Re: Income about to be halved - what do we do?

I got to thinking.

Is it possible to pay off the mortgage which is 3.75% then the next day take out a HELOC for the same amount of cash but at a lower rate? This might help with the cash flow issue but not deplete the cash.
by EnjoyIt
Sat May 16, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7668

Re: Income about to be halved - what do we do?

What are your ages? Let me rephrase in case that question came across as rude/blunt/nosy. If you are relatively young and want to increase your cash flow, perhaps you can refinance your house. She/he may be able to recast the mortgage for a lower fee in order to lower payments. I'm with a lot of fo...
by EnjoyIt
Sat May 16, 2020 4:40 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy

Koala, I have a feeling that my perspective may help a little: ... Money is fungible And Lots of Good Info You Should Read ... I hope this helps. If not, well, I wasted my time EnjoyIt, I very much enjoyed your post and it certainly wasn't a waste of time. It is important to understand that money i...
by EnjoyIt
Sat May 16, 2020 3:34 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy

Koala, I have a feeling that my perspective may help a little: ... Money is fungible And Lots of Good Info You Should Read ... I hope this helps. If not, well, I wasted my time EnjoyIt, I very much enjoyed your post and it certainly wasn't a waste of time. It is important to understand that money i...
by EnjoyIt
Sat May 16, 2020 3:32 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy

Koala, I have a feeling that my perspective may help a little: ... Money is fungible And Lots of Good Info You Should Read ... I hope this helps. If not, well, I wasted my time EnjoyIt, I very much enjoyed your post and it certainly wasn't a waste of time. It is important to understand that money i...
by EnjoyIt
Sat May 16, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7668

Re: Income about to be halved - what do we do?

$65k in savings account getting at best 1.5% vs $63k mortgage at 3.75% i think the decision is obvious even though I am a very strong proponent of keeping a mortgage and investing the rest. This would open up your cashflow significantly and allow you to rebuild the savings account pretty quickly. On...
by EnjoyIt
Sat May 16, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

If someone has been successful enough and smart enough to think about retiring very early, they should know the figure they need to be certain they do not have to find a job when they are 63 or whatever. If you are leaving that open as a possibility you are creating stress whether you know it or no...
by EnjoyIt
Sat May 16, 2020 1:05 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10355

Re: Please tell me I'm not crazy

Ok, here's the slightly longer, more philosophical discussion for those that are interested: I didn't intend to do a full, financial portfolio review. I thought this was a simple question(!). But here's a few things that may be helpful to know. I'm 46 yo. All of my thinking and comments have been i...
by EnjoyIt
Sat May 16, 2020 10:41 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

The 'lean FIRE' crowd could get into trouble with budgeting though. If your annual budget is only $20k, you don't have much room to cut back. Conversely, in America it is pretty simple generally to get a job that pays $10-20K a year. A lean FIRE person (of which I’m not one) could easily earn upwar...
by EnjoyIt
Sat May 16, 2020 10:33 am
Forum: Personal Investments
Topic: Newbie Advice
Replies: 6
Views: 449

Re: Newbie Advice

Thanks for the reply - I have updated our initial post to reflect your questions. To summarize: I spoke with Wespath to inquire about the index fund, and unfortunately the US equity index fund is not available to individual participants. I have been looking at the pdf Wespath "Investment Funds Desc...
by EnjoyIt
Sat May 16, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15395

Re: Ben Felix - How to Retire Early (The 4% Rule)

The 'lean FIRE' crowd could get into trouble with budgeting though. If your annual budget is only $20k, you don't have much room to cut back. Conversely, in America it is pretty simple generally to get a job that pays $10-20K a year. A lean FIRE person (of which I’m not one) could easily earn upwar...