Search found 204 matches

by forkhorn
Thu Sep 23, 2021 10:13 pm
Forum: Personal Investments
Topic: My rules to live my finances by...
Replies: 19
Views: 4462

Re: My rules to live my finances by...

Fine rules for accumulation, but my impression is the denizens of this forum are more in need of guidance about when to spend more! We have the accumulation side down.
by forkhorn
Thu Sep 16, 2021 9:57 pm
Forum: Personal Investments
Topic: Can we coast-ish contributing just to the TSP match?
Replies: 9
Views: 1998

Re: Can we coast-ish contributing just to the TSP match?

Agreed that the only potential risk is federal career ending early, congress slashing the FERS and/or SS benefit, and the normal lawsuit/divorce/health calamity stuff. At that pay, and given your plan to work until 62, your federal job is almost certainly not physically demanding. So if worse came t...
by forkhorn
Wed Sep 15, 2021 9:34 pm
Forum: Personal Consumer Issues
Topic: Changing Old Truck to Full Synthetic Oil?
Replies: 35
Views: 3071

Re: Changing Old Truck to Full Synthetic Oil?

several thoughts- Post your question at the "bob is the oil guy" forum for expert advice on this topic. "Conventional" is much, much better than it was when that truck was new. You could buy SuperTech from Walmart and it would probably be better than all but the most premium synt...
by forkhorn
Tue Sep 14, 2021 10:15 pm
Forum: Personal Consumer Issues
Topic: Car battery replacement interval advice
Replies: 105
Views: 7473

Re: Car battery replacement interval advice

On wife's minivan, which often has small children, and serves as the family trip vehicle: every 4 years when Sam's has them on sale. If it were to get drained I'd probably do it at 3 years, but that has never happened. On my pickup, which mostly has just me and rarely leaves town: when it starts hav...
by forkhorn
Tue Sep 14, 2021 9:21 pm
Forum: Personal Consumer Issues
Topic: Generator/Extension Cord Question
Replies: 47
Views: 2661

Re: Generator/Extension Cord Question

The worst thing that will happen is you damage the power tool. In your case I'd say it's unlikely. You can spend a lot on heavy extension cords or just do it and you'll probably be fine. If it were me, I'd do it without hesitation. In fact, I do have a 14.5 amp electric chainsaw that I run all the t...
by forkhorn
Tue Sep 07, 2021 10:10 pm
Forum: Investing - Theory, News & General
Topic: Would You Invest Most Of Your NW In Stocks?
Replies: 35
Views: 4151

Re: Would You Invest Most Of Your NW In Stocks?

Yes, because I do. In your case though, it just depends on whether you lean toward preservation or growth. With your business buyout payments and eventual social security, in my opinion it is money you can largely afford to lose a chunk of. I don't think there is a right or wrong. If you have been t...
by forkhorn
Tue Sep 07, 2021 9:47 pm
Forum: Personal Investments
Topic: Retire at 50
Replies: 22
Views: 4505

Re: Retire at 50

Sure, sounds good. Plan to retire at 50. Just realize that you'll need to re-evaluate on an ongoing basis and adjust as needed. But's a a great thing to shoot for. At a minimum, it will give you options in ten years.
by forkhorn
Tue Sep 07, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Have any retired with $2 mil before 50 years old? How do you feel?
Replies: 70
Views: 13535

Re: Have any retired with $2 mil before 50 years old? How do you feel?

How much money will you lose if you relocate to a state with no income tax? Instead of focusing on taxes, look at the bigger picture. You have 10-15 years of employment remaining, you are the sole breadwinner and have young dependents. Investment valuations can change, what doesn’t are the three de...
by forkhorn
Tue Aug 31, 2021 1:52 pm
Forum: Personal Investments
Topic: Estimating Present Value of Future Pension
Replies: 10
Views: 772

Re: Estimating Present Value of Future Pension

Option 1 is how I'd do it. I think the decision hinges on two things. The first is "r". If you start raising r, the value of the pension drops. The second is your life expectancy. Obviously that hugely affect the pension value but not the match. That's a sweet pension. I'm surprised you ca...
by forkhorn
Mon Aug 30, 2021 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Too much for new house?
Replies: 20
Views: 3030

Re: Too much for new house?

Unless you're likely to move in the next couple of years or are dead-set on reaching financial independence *as early as possible*, buy the house.
by forkhorn
Tue Aug 17, 2021 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: I'm 70 Years Old and I Can't Spend My Savings
Replies: 285
Views: 34589

Re: I'm 70 Years Old and I Can't Spend My Savings

Then don't try to spend it. It's ok to live below your means your whole life. The only problem is that you think something is wrong with not spending it. Will someone else spend it? Probably, but if that's ok with you I'm sure it's ok with them.
by forkhorn
Fri Jul 23, 2021 10:03 pm
Forum: Personal Consumer Issues
Topic: Board games
Replies: 65
Views: 5233

Re: Board games

In a pinch, it doesn't get simpler than dots and boxes.
by forkhorn
Thu Jul 15, 2021 10:38 pm
Forum: Personal Investments
Topic: Maxed 401K, Roth IRA, HSA...now what!!
Replies: 21
Views: 2211

Re: Maxed 401K, Roth IRA, HSA...now what!!

If young kids, secure jobs, little desire to stop working before 59 -> 529 If older kids or college unlikely, high chance of losing job early, want to have easy option of exiting early -> taxable If value low debt for the sake feeling debt free despite probably not best solution -> pay down mortgage...
by forkhorn
Thu Jul 15, 2021 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Working after Financial Independence
Replies: 280
Views: 23424

Re: Working after Financial Independence

I'll add to my previous post that I feel like now I'm here (at solid FI) and just don't care. I thought I'd care more. So I think that this is one of those things where people really don't know what they would do in the hypothetical. It has to actually be a real option before you really know if and ...
by forkhorn
Thu Jul 15, 2021 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Working after Financial Independence
Replies: 280
Views: 23424

Re: Working after Financial Independence

I think about this all the time. I'm mid 40s, maybe 50x expenses, nice life, really increasingly hard to justify working on financial grounds. I'm a fed, and tell myself I'm staying for the retiree health benefits at 57, but truthfully, if I keep at it that long, by 57 the value of health insurance ...
by forkhorn
Wed Jul 14, 2021 9:39 pm
Forum: Personal Investments
Topic: Should we be contributing more Roth dollars to 401k/TSP?
Replies: 40
Views: 2513

Re: Should we be contributing more Roth dollars to 401k/TSP?

We are in a similar situation to you, just 5-10 years ahead of you. A few years older, a few times the savings, a little higher income, one fed and one non-fed. The older one (me) is the fed and plans to retire just as soon as eligible for the immediate annuity (don't care if reduced) for the health...
by forkhorn
Sun Jun 27, 2021 10:23 pm
Forum: Investing - Theory, News & General
Topic: You ever have an investment actually go to zero?
Replies: 126
Views: 9277

Re: You ever have an investment actually go to zero?

Yep. In the early aughts I acted on a stock tip from my brother and bought Evergreen Solar with my annual contribution to my Roth IRA. It went up, maybe even doubled or tripled over the next year or two (but I never sold any), and then gradually went to pennies when they declared bankruptcy. When I ...
by forkhorn
Mon Jun 07, 2021 9:52 pm
Forum: Personal Consumer Issues
Topic: Did you make any lifestyle changes after hitting 500k NW?
Replies: 61
Views: 5624

Re: Did you make any lifestyle changes after hitting 500k NW?

Nothing at 500k. The lifestyle creep came as a result of two other events. The first was kids. The second was achieving basic financial independence and allowing spending to ratchet up to keep us in 30-40x expenses range.
by forkhorn
Thu May 27, 2021 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone help me understand currency ratio conventions?
Replies: 5
Views: 552

Can someone help me understand currency ratio conventions?

I have never understood why currency valuations that are clearly aimed at US investors seem to have no convention as to whether the US dollar is in the numerator or denominator. It make it impossible to scan a currency board and get an idea of whether the dollar went up or down. For instance, the &q...
by forkhorn
Fri May 21, 2021 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 200k RV ? 3.2mm Net Worth
Replies: 177
Views: 17096

Re: Can I afford a 200k RV ? 3.2mm Net Worth

It is pretty much a conspicuous consumption item which could be fine if you are in established campgrounds that have lot of expensive RVs. If you are used to being able to park your old beater van in marginal places you may find that you are no longer comfortable parking it and leaving it in many o...
by forkhorn
Fri May 21, 2021 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 200k RV ? 3.2mm Net Worth
Replies: 177
Views: 17096

Re: Can I afford a 200k RV ? 3.2mm Net Worth

This is my favorite post in a while! I'm with the others that sure you can afford it, but it seems like a tremendous upgrade for someone who clearly likes to live a minimalist, nomadic lifestyle. It seems like you'd get a tremendous improvement in lifestyle by spending 1/3 to 1/2 that money, and not...
by forkhorn
Mon May 10, 2021 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Motivation in Work - 5 Years To Go - Suggestions?
Replies: 131
Views: 13136

Re: Losing Motivation in Work - 5 Years To Go - Suggestions?

I'm not seriously considering quitting but financially it's almost certainly possible. I'm a fed, so I do still think about the golden handcuffs over a decade in the future, but I increasingly think about non-financial reasons I keep putting up with the work frustrations, such as: Setting an example...
by forkhorn
Mon May 10, 2021 9:15 pm
Forum: Personal Investments
Topic: Should I continue buying company stock?
Replies: 16
Views: 1491

Re: Should I continue buying company stock?

I'm not anywhere near as knowledgeable as some on this board regarding accounting and tax topics, but I'm confused. Why does it matter what the cost basis is for stock in your 401k? Are you saying you also have a lot of company stock in a taxable account? I think the advice here is, at a minimum, to...
by forkhorn
Mon May 10, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you target for a 529 plan?
Replies: 93
Views: 9982

Re: How much do you target for a 529 plan?

We put roughly the cost of 4 years of tuition, fees, and room & board at the state flagship for each kid. Once that was reached, we stopped except for a token $20/month so the account isn't too inactive or forgotten. If they don't use it, I'll re-examine options at that time (1-2 decades from no...
by forkhorn
Mon Apr 05, 2021 9:42 pm
Forum: Personal Investments
Topic: Maxing HSA question
Replies: 10
Views: 1144

Re: Maxing HSA question

You miss out on having the money come out prior to fica taxes, I believe.
by forkhorn
Wed Mar 31, 2021 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP vs GEHA HDHP
Replies: 13
Views: 1054

Re: Aetna HDHP vs GEHA HDHP

@forkhorn Thanks a lot for your detailed reply. I've never used a HSA before. I'm pretty sure GEHA uses HSA Bank which I believe has some monthly expenses with it. I saw you mentioned TDAmeritrade, are they expense free? How do you have it setup? Does the money go into HSA bank then auto transfered...
by forkhorn
Tue Mar 30, 2021 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP vs GEHA HDHP
Replies: 13
Views: 1054

Re: Aetna HDHP vs GEHA HDHP

@Forkhorn If it's not too personal in the 10 years have you had any major procedures done that GEHA covered without issues? Or have you been pretty healthy during that time? I just ask because issues only start happening once you start filing claims. Also, GEHA for my location uses "Aetna Sign...
by forkhorn
Mon Mar 29, 2021 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP vs GEHA HDHP
Replies: 13
Views: 1054

Re: Aetna HDHP vs GEHA HDHP

We have GEHA HDHP and have for over a decade; no issues.

To your question, I have no idea if this is true, but maybe the Aetna pays a little more and so has a better selection of in-network providers?
by forkhorn
Sun Feb 07, 2021 11:00 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

Re: ESPP, 10% off, no lookback, worth it?

DW’s ESPP sounds like she may work for the same company. We did it for a while, but stopped. Why? We had two separate events where the stock dropped so significantly between the purchase date and when we could sell the shares in her account that we were either flat or LOST money even after the disc...
by forkhorn
Sun Feb 07, 2021 10:49 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

Re: ESPP, 10% off, no lookback, worth it?

Thank you all for the thoughts and replies. I did not understand how the taxes worked and now I think I do, which means I should sell right away rather than waiting 18 months. Also, I didn't put it in my original post, but one of my reasons for hesitation is that going all in crimps our cash flow, a...
by forkhorn
Sun Feb 07, 2021 10:43 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

Re: ESPP, 10% off, no lookback, worth it?

If a bank offered you a 40% interest rate, but on a max deposit of $3K, would you bother with it? That'd get you the same $1200 ROI, with an average of $3K deposited. Assuming the standard 6 month period, your employer is offering you a guaranteed 10%. Not in one year, but in 6 months. But it's mor...
by forkhorn
Sun Feb 07, 2021 10:41 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

Re: ESPP, 10% off, no lookback, worth it?

The $825 is taxed at ordinary income rates unless OP holds for 18 months, as he indicated. Double check on this one. In our ESPP, by the time the stocks land, the value of the extra shares has already been taxed as income (goes to W2, has medicare/SS deducted, federal/state withholding taken out). ...
by forkhorn
Sun Feb 07, 2021 10:39 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

Re: ESPP, 10% off, no lookback, worth it?

Just sell it ASAP and pay the tax with minimal risk. It’s free money, who cares if it’s a “hassle”? It’s like getting a 1.0-1.5% raise. Completely agree :) The hassle is definitely worth it! I was worried about the hassle and working part. It all becomes routine and makes your learn new information...
by forkhorn
Sat Feb 06, 2021 5:57 pm
Forum: Personal Investments
Topic: ESPP, 10% off, no lookback, worth it?
Replies: 26
Views: 2003

ESPP, 10% off, no lookback, worth it?

I'm on the fence about my wife's employee stock purchase plan. It's only 10% off the closing price at the end of the 6 month period. There is no lookback provision. The industry is healthcare. There is no way we'd buy the stock without the discount, and I'd probably plan to hold it for 18 months and...
by forkhorn
Fri Jan 15, 2021 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: current value of federal FERS pension (esp MRA+10)
Replies: 16
Views: 1282

Re: current value of federal FERS pension (esp MRA+10)

Thanks. I ended up spending several more hours today making my own. I was thinking about cleaning it up some and trying to somehow post it to bogleheads (I don't know how to post an excel file). I think it might be pretty useful to people considering joining the federal govt, leaving early, trying t...
by forkhorn
Fri Jan 15, 2021 11:16 am
Forum: Personal Finance (Not Investing)
Topic: current value of federal FERS pension (esp MRA+10)
Replies: 16
Views: 1282

current value of federal FERS pension (esp MRA+10)

I was playing with some pension calculations and trying to figure out the value of a federal pension. It is easy to calculate the value (other than assuming inflation and life expectancy) if you leave with at 5 years and defer until 62. It is also very easy to calculate once you are 62 (other than t...
by forkhorn
Thu Jan 14, 2021 9:44 pm
Forum: Personal Consumer Issues
Topic: What is the correct premium to pay for a Toyota vs a Chrysler?
Replies: 53
Views: 3722

Re: What is the correct premium to pay for a Toyota vs a Chrysler?

I don't know the answer. But, we bought a new minivan in 2013 and went with the Sienna. I don't really care that it cost more- the annoyance with having to fix stuff or get it fixed is as significant as the money to fix it as far as I'm concerned. Especially with little kids. So far no regrets; 80-s...
by forkhorn
Tue Jan 12, 2021 11:54 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 21220

Re: Help Me [Recover] My Bitcoin!

I'm nowhere close to wanting to put money into bitcoin, and this thread only reinforces that.
by forkhorn
Tue Jan 12, 2021 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 229
Views: 30903

Re: Got a job offer for $840k/yr. Should I come out of retirement?

It is awfully hard for most people (including me) to put themselves in your shoes and say what we'd do. There is no right or wrong answer, but it seems like you don't want to do it and don't need need to do it, so... why would you do it? The additional security of having 10% more money doesn't seem ...
by forkhorn
Tue Dec 22, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 8515

Re: Where do you store gold?

I think it has been suggested before that an unmarked, dusty box in the attic or basement, mixed in with other unmarked boxes of junk, is a possible place. Or depending on where you live, you could go old-school and bury it. Like others have said, nobody can know.
by forkhorn
Mon Dec 07, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: I feel like my friend is about to make a massive financial mistake
Replies: 153
Views: 22927

Re: I feel like my friend is about to make a massive financial mistake

I would suggest to the friend that since he’s the one with the cash, he should have his own lawyer representing his own interests when the LLC is being formed. The lawyer can work out how to protect his interests. And then I would let it drop, and just be his friend. This exactly. Another vote for ...
by forkhorn
Mon Dec 07, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Hunting Land
Replies: 102
Views: 8693

Re: Purchasing Hunting Land

Go for it. Worst case is you'll end up selling it for half what you paid in ten years. Best case is you'll love going up there and look forward to it every weekend. Your buddies might even be jealous. It's probably not the wisest financial move, but don't let that stop you. It's not a huge blunder e...
by forkhorn
Thu Dec 03, 2020 10:36 pm
Forum: Personal Consumer Issues
Topic: Best heating method for house without lowering humidity?
Replies: 56
Views: 4357

Re: Best heating method for house without lowering humidity?

Check the building codes in your area first. We use a ventless gas fireplace to supplement to our forced-air system. It is 99% efficient. One of the by-products is that it adds moisture to our home. This helps to off-set the drop in humidity by the gas forced-air system. I try to keep our humidity ...
by forkhorn
Thu Dec 03, 2020 9:45 am
Forum: Personal Consumer Issues
Topic: Best heating method for house without lowering humidity?
Replies: 56
Views: 4357

Re: Best heating method for house without lowering humidity?

Ventless gas fireplaces put out a lot of moisture along with the heat.
by forkhorn
Wed Dec 02, 2020 11:26 pm
Forum: Personal Investments
Topic: At what milestone did you feel secure?
Replies: 156
Views: 18441

Re: At what milestone did you feel secure?

For me, a major one was feeling like I had a job that would be stable, would pay the bills and then some, and that I could (relatively) happily do until I'm old. As far as number milestones, I don't think there is one where you suddenly feel "set". It's a spectrum based on multiple of dail...
by forkhorn
Sun Nov 29, 2020 8:07 am
Forum: Personal Investments
Topic: Inclined to payoff mortgage
Replies: 67
Views: 4155

Re: Inclined to payoff mortgage

Thanks for inputs again KlangFool, cchrisyy, Adfmacro, Wricha, Mathwizard, Hyperchicken, lakpr, Marseille07, pepperz, ivgrivchuck. Appreciate the responses. - we are reconsidering going all in with some of risks stated here - we had earlier thought about the risks but were probably overlooking. May...
by forkhorn
Sun Nov 29, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 426
Views: 35989

Re: H&R Block 2020 software offer

$17.50 at Amazon today (2020, Deluxe, federal only). Just bought it.
by forkhorn
Tue Oct 27, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: first million [in your retirement portfolio]
Replies: 244
Views: 50678

Re: first million

1. Not sure. Maybe 35 (43 now), but memory is muddled between total investible assets and retirement accounts. 2. Opened my first bank account when I was 14, started buying CDs when was 16,started putting max toward Roth at 19, opened taxable vanguard account at 20 (grandfather told me that "th...
by forkhorn
Thu Aug 13, 2020 7:42 pm
Forum: Personal Consumer Issues
Topic: Products that last forever
Replies: 239
Views: 17536

Re: Products that last forever

Corded power tools (as opposed to rechargable). Really corded anything vs rechargeable. Even inexpensive corded power tools last virtually forever. A $60 corded drill will likely serve the lifetime needs of a typical homeowner. A rechargeable unit will last 6-8 years at best and you'll need a new ba...
by forkhorn
Sun Aug 09, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Front Load 529
Replies: 25
Views: 2257

Re: Front Load 529

Be aware that doing as you say sets you up to file a gift tax return and you'll be barred from making gifts for the next five years unless you want it to eat into your lifetime exclusion. If it were me doing it over again, I would have just contributed $30k/kid/year from a joint account to avoid hav...