Search found 1534 matches

by EnjoyIt
Fri Sep 21, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5332

Re: Can I really retire? Please check my math and poke holes.

.. We'll still have DW's pension of about $328k/month My projected SS at 70 is about $3300/month Hang tight to your wife, you got the best one on BH with $328k/month pension ! Many be happy to dig a mere 5k-10k/month spousal pension and be dandy! A $328k/month is serious coin! Shoot me, leave off t...
by EnjoyIt
Thu Sep 20, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 86
Views: 4196

Re: Physical Banking - Any benefits anymore?

I use chase. I put $250k in VTI a long time ago and became a private client. With that option I get a free safety despot box, free atm withdrawals and a special someone to call me once every 6 months to make sure everything is OK. I use chase because they are huge and all over the world so that if I...
by EnjoyIt
Mon Sep 17, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 29
Views: 1394

Re: Whole Life vs Universal Life Insurance

I am 29, and want to start a life insurance policy. I am attracted to the permanent plans, as they can actually pay back. I am trying to decided if I should go with whole life or Universal. From reading it seems like whole life usually offers some good dividens that can be reinvested, but universal...
by EnjoyIt
Mon Sep 17, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5632

Re: Thinking of Retiring at 52, Please Critique Plan

Financially you are in great shape and have more money than you need. Here is my advice: 1) Yes, I think you plan to do SEPP withdrawals is a great one. You will have $24k standard deduction and will only have to pay taxes on $16k worth of withdrawals. At 10% that is $1,600/yr. 2) One thing I would ...
by EnjoyIt
Sat Sep 15, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6499

Re: Lower Return Decade Says Jack: Thoughts?

If 4% withdrawal rates have worked in the past when retiring in some of the worst times in history Which times do you have in mind ? In my opinion the worst time for a retiree would be when interest rates are at an historical low and stocks valuations at very high levels (consequently, I may add). ...
by EnjoyIt
Sat Sep 15, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10964

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

The realization that you just don't need more and more money to be happier is a blessing. It simplifies life and buys you options. You are one of the privileged few who have realized it at a young age and pushed your way towards financial freedom. I watch my colleagues playing politics, buying new s...
by EnjoyIt
Fri Sep 14, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6499

Re: Lower Return Decade Says Jack: Thoughts?

You're commenting on my post using Firecalc-math? My post speaks to the need for someone looking at 30 years in retirement to work for an additional 10 years to build a nest egg that would put his spend at the traditional 4% level but at 0% real. The answer is 5 years, not 10. When confronted with ...
by EnjoyIt
Fri Sep 14, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: O% APR for new iPhone Xs / is there a catch?
Replies: 8
Views: 733

Re: O% APR for new iPhone Xs / is there a catch?

So, $1000 at 0% APR you are looking to arbitrage it and make what $60. Just pay cash using a 2% cash back card and move on with life.
by EnjoyIt
Fri Sep 14, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5316

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

EnjoyIt, student: Really interesting calculations and points on the early retirement scenario. Definitely something to think about. For now, though, I intend to keep working for the next 7-10 years at least, and then maybe transition to part-time once the kids are done with college and hopefully ou...
by EnjoyIt
Thu Sep 13, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5316

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

At $40k per year income some of which will not be IRA funds and therefor not all will be taxable brings this family of 4 below 400% poverty and therefor qualifies for ACA subsidies.
by EnjoyIt
Thu Sep 13, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6499

Re: Lower Return Decade Says Jack: Thoughts?

Just read Jack Bogle's book (edited in 2017) and was a little discouraged about his comments that we should all expect lower returns in the next decade. For a 60/40 balanced fund it could be as low as 6% and even 4% in some circumstances. Am I misreading? Because if not, Id rather be in CDs and tak...
by EnjoyIt
Thu Sep 13, 2018 3:20 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5316

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

It sounds like you could even retire. May require you to move to LCOL area or cheaper housing in the same area. Even your kids education is all set. He can’t retire, half his assets are effectively “locked” up, after taxes and penalties it would be even less. I’d start the job search now. Pursue al...
by EnjoyIt
Thu Sep 13, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 9872

Re: Anyone else not save for cars?

Same as some other posters. We keep a 6 month Emergency fund in cash. last time we needed a car we used that and $5k on a credit card. We replenished the emergency fund shortly thereafter. We will likely do the same thing the next time we need another car though willing to take on financing and then...
by EnjoyIt
Sun Sep 09, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6659

Re: I think my father has a gambling problem

Agree. Poker is the last game I would recommend. I disagree. Poker is the only game in the house that a player can have a real edge because the player is not playing against the house but against other players. it is also not that hard to be profitable in poker if one understands the math and learn...
by EnjoyIt
Sun Sep 09, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor LLC quarterly estimated tax payment
Replies: 11
Views: 584

Re: Sole Proprietor LLC quarterly estimated tax payment

Since you are an LLC can I assume you are incorporated and have a tax ID for the company? From the first sentence of the OP. Hello, this is going to be my first quarterly estimated federal tax payment for a single member llc (treated as disregarded entity- sole proprietor) . I really should read be...
by EnjoyIt
Sun Sep 09, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6061

Re: Paying off mortgage with 87K left on it

Because you keep such a "healthy" EF I think using it up to pay off your mortgage is a great idea. I would do that immediately and then build up the EF back to your desired level of 24 months expenses over the next few months. If your emergency fund wasn't so high I would recommend keeping the mortg...
by EnjoyIt
Sun Sep 09, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Proprietor LLC quarterly estimated tax payment
Replies: 11
Views: 584

Re: Sole Proprietor LLC quarterly estimated tax payment

Since you are an LLC can I assume you are incorporated and have a tax ID for the company? If you are talking about quarterly corporate payments on employee taxes then you are looking to file form 941. If your company is just a pass though company that will be filed with your own personal taxes then ...
by EnjoyIt
Sun Sep 09, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6499

Re: Lower Return Decade Says Jack: Thoughts?

Just read Jack Bogle's book (edited in 2017) and was a little discouraged about his comments that we should all expect lower returns in the next decade. For a 60/40 balanced fund it could be as low as 6% and even 4% in some circumstances. Am I misreading? Because if not, Id rather be in CDs and tak...
by EnjoyIt
Sun Sep 09, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9649

Re: What will you do when you find you have more money than expected?

With new and ever improved medical treatments in the pipeline as well as LTC concerns and associated expenses for the well healed costing over 100k annually I suspect few have more money than necessary. Lets be realistic, not fool-hearty . With the overly pessimistic withdrawal rates of 3% or less ...
by EnjoyIt
Sun Aug 26, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: What is your stealth way to save monthly?
Replies: 87
Views: 9500

Re: What is your stealth way to save monthly?

Why trick yourself? The way I save is out of every paycheck I deduct my 401k and taxable savings first. Then I pay all my bills. Then what ever is left over I get to spend. Funny thing is that even doing that I end up with money left over between paychecks. That money also accumulates and either get...
by EnjoyIt
Sun Aug 19, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 108
Views: 6582

Re: PCP Wants Full Charge Up Front

Many people now have high deductible plans, i.e. $5000-$10,000 which make them in effect cash payers for primary care unless and until some hospital stay or surgery causes them to exceed the large deductible. Low income people with these high deductible insurance plans often struggle to pay medical...
by EnjoyIt
Mon Jul 30, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?
Replies: 61
Views: 7923

Re: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?

Here is a nice excel spreadsheet created by Physician on Fire that will let you know where you stand today.
https://www.physicianonfire.com/calculators/ssa/
by EnjoyIt
Sun Jul 29, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5828

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies ...
by EnjoyIt
Sun Jul 29, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2693

Re: Flooring: Hard wood vs Ceramic Tile that looks like wood

I have replaced old hardwood with wide ceramic planks that look like wood, and am happy with it. However, my decision was driven on very specific circumstances. The old hardwood had sustained water damage, from water seeping near the French doors to the back porch. Never found the water or but the ...
by EnjoyIt
Sun Jul 29, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5828

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies ...
by EnjoyIt
Sat Jul 28, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2693

Re: Flooring: Hard wood vs Ceramic Tile that looks like wood

Thanks everyone who responded. I appreciate everyone's experience and shared opinions.

For those that have engineered wood, has anyone had damage to it via water left unwipped or scuffing that irritated you and required repair? How hard or bad was the repair?
by EnjoyIt
Sat Jul 28, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5828

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies i...
by EnjoyIt
Wed Jul 25, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2693

Flooring: Hard wood vs Ceramic Tile that looks like wood

As the title says. We are looking to replace the flooring of several highly trafficked areas of the house with either engineered wood or with ceramic tiles that look like wood. The flooring must hold up to traffic by animals, kids, and people. I figure that wood is wood which will always look better...
by EnjoyIt
Mon Jul 23, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17771

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by EnjoyIt
Mon Jul 23, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17456

Re: Salary vs. Lifestyle

But the way companies and other organizations operate, job satisfaction increases up the salary ladder and stress increases down the ladder. Victoria I have found that to be my experience. Down the ladder, you are the ping pong ball. Up the ladder you are the paddle. Which would you rather be? I th...
by EnjoyIt
Mon Jul 23, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17456

Re: Salary vs. Lifestyle

There is always more. You can always find ways to spend more money on just about anything. At some point you need to realize that spending more doesn't provide any real value to one's life so why look to earn more? Sure if you make $30k a year and you go up to $80k that is a big deal. But if you ma...
by EnjoyIt
Sun Jul 22, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17456

Re: Salary vs. Lifestyle

There is always more. You can always find ways to spend more money on just about anything. At some point you need to realize that spending more doesn't provide any real value to one's life so why look to earn more? Sure if you make $30k a year and you go up to $80k that is a big deal. But if you mak...
by EnjoyIt
Fri Jul 20, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17456

Re: Salary vs. Lifestyle

Everybody I know that has had higher salary has figured out a way to enjoy life while earning a higher salary. I think much of the pain now stuff is just talk to make the wealthy feel more normal and not get hassled by the less well off. Excellent points. Victoria I don't understand the points. Can...
by EnjoyIt
Fri Jul 20, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17456

Re: Salary vs. Lifestyle

The amount of money one needs is very personal because a family can be very happy living on $50k/yr or $100k/yr while I also see families making $500k+/yr and just can't be happy. Reality is that most of the crap we buy purchases very little happiness and many of us are willing to sacrifice a lot of...
by EnjoyIt
Mon Jul 09, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5650

Re: Should I take a $60k paycut to work 4days/week

I think you need to ask yourself a much larger question. What do you need money for? Are you looking for a lavish lifestyle? Big huge house, nice cars first class vacations? What makes you happy and what is the best use of your money? The reality is that you make a very good income at $200k, $300k a...
by EnjoyIt
Wed Jul 04, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin Futures?
Replies: 18
Views: 1363

Re: Bitcoin Futures?

This is not investing this is gambling. You are guessing what the bitcoin market will do based on potential patterns. it is no different than using astrology.

You want to gamble then do so in Vegas or at the very least no more than 5% of your net worth.
by EnjoyIt
Wed Jul 04, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5551

Re: Anxiety Spending Money

You have some awesome advice up there and I just want to reiterate a few items I think are very important: Create a budget for all those items including a monthly food budget. Do not go hungry it will actually cost you more in the long run either through decreased productivity or health reasons by n...
by EnjoyIt
Tue Jun 19, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 273529

Re: Best watch for around $5,000?

I get it, this is jewelry and art. Once you make it that comparison I can understand the choice much better and can appreciate someone owning something pretty. What bugs me about these hand made timepieces is that they require more time and money to own and I hate having things that own me. Things t...
by EnjoyIt
Tue Jun 19, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes! EX-hubby died and left me and four children money
Replies: 5
Views: 2633

Re: Yikes! EX-hubby died and left me and four children money

BEST advice I can give you is to take your time. There is no rush. Even if the money just sits in a money market fund for a year collecting 1-1.5% interest that is way better than rushing and making a mistake. Read the Wiki above, take your time ask questions and then make a decision. Also, your com...
by EnjoyIt
Tue Jun 19, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5633

Re: How much car to buy reasonably?

May I give you a bit of a different discussion. I get where you are coming from. You make good money, and have been saving it for years to create the wealth that you have. Spending it frivolously on something so silly as a fancy car just seams down right stupid because any car gets you from A to B. ...
by EnjoyIt
Thu Jun 14, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3139

Re: Can we discuss whisk?

freebeer wrote:
Mon Jun 11, 2018 8:26 pm
Lagavulin
Whisk and not whiskey. Lagavulin 16 year is my favorite Islay
by EnjoyIt
Mon Jun 11, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10777

Re: Early retirement pros and cons:

I early retired over 15 years ago when I reached 40 (had reached FI several years prior). Have not had a dull moment since. It is all up to your own ability to be creative and take on opportunities and challenges, as full-time working life no longer provides you with any structure. You meet people ...
by EnjoyIt
Mon Jun 11, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 11000

Re: Why do we work?

I feel sorry for you. (I used to have the same feeling, but not anymore). You "feel sorry" for someone who's contributing socially and enjoys what they're doing with their time? I feel sorry for you . One may "like" his/her job. But "loving" his/her job is too much in my opinion. The response doesn...
by EnjoyIt
Mon Jun 11, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 111180

Re: Anyone regret paying off mortgage early?

A lot of people might consider where we live a high cost of living area, but I would disagree. Our mortgage is $500K, and we live beyond comfortably. With a 2.75% interest rate, we only have $14K a year of interest. But it is also hard to generate a lot of mortgage interest because there is a mortg...
by EnjoyIt
Sun Jun 10, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 11000

Re: Why do we work?

Right now I am contemplating purchasing something nicer. We are currently in need of a new receiver for our entertainment system. I have narrowed it down to two different receivers the Arcam AVR390 or the Arcam AVR550. They cost $2500 and $3400 respectively. Obviously I can buy an even less expensi...
by EnjoyIt
Sun Jun 10, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10777

Re: Early retirement pros and cons:

Goal #1 is to be financially independent or very very close to it. Goal #2 choose and the key word is choose to work part time for a multitude of reasons. Goal #3 always have the option to stop working and do something else that may be more fun. Goal #4 devote extra time to all the current projects ...
by EnjoyIt
Sun Jun 10, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3139

Re: Can we discuss whisks?

Thanks everyone for their advice. We bought something on Amazon following some of the links provided for whisk eduction. Lets hope it can withstand the volatility of our kitchen.
by EnjoyIt
Sun Jun 10, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3139

Re: Can we discuss whisks?

You want your whisk to have many floppy, springy wires, not a few wires, nor stiff wires, to enable good whisking action. You should be able to deform the balloon with your palm, and it should spring right back when you stop pressing. I got this tip from a professional chef on TV, and he was right!...
by EnjoyIt
Sun Jun 10, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3139

Re: Can we discuss whisks?

Good advice, but we are buying one for ourselves and another as a gift for fathers day and the buy/return option would not work here. Thanks
by EnjoyIt
Sun Jun 10, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3139

Can we discuss whisk?

I am searching for a good whisk and was hoping someone here can shed some personal experience and advice. It seams that every whisk I have purchased so far (usually from target) has the handle fall off from the whisk after a few years. Also, I am looking for a whisk that is balanced where the handle...