Search found 176 matches

by Steve723
Fri Jan 18, 2019 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 34
Views: 2434

Re: Should I dump our wealth planner/financial advisor?

The Boglehead philosophy is not really about research. It is about picking and asset allocation you can live with based on a true understanding of your risk tolerance and then implementing a simple, low cost passive portfolio. The key question is absent an advisor can you stay the course you pick. ...
by Steve723
Wed Jan 16, 2019 10:46 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 832
Views: 41612

Re: John Bogle has died at age 89

Wow, so many people positively impacted by this one man. Thank you for all you have done Jack!
by Steve723
Fri Nov 30, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Any single income earners with kids able to retire "early"?
Replies: 23
Views: 1607

Re: Any single income earners with kids able to retire "early"?

I'm 49 with a couple of teenagers now and am on track to retire within the next couple years if I so choose (not sure if I will - need something to fill the work void). I was in a similar situation to your's when I was your age, but things evolve and change. Once my kids were in elementary school my...
by Steve723
Fri Oct 19, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5428

Re: Spoke with a CFP...underwhelming!

I am interested in working with an extremely wealthy financial advisor who has invested according to his own advice for many years and can provide me adequate documentation he has done so. You might want to read the classic book "Where are the Customers Yachts?" before you hire a wealthy financial ...
by Steve723
Mon Oct 15, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4045
Views: 1101518

Re: What Movie Have You Recently Watched?

Saw the latest iteration of "A Star is Born" starring Bradley Cooper and Lady Gaga. There will be some Oscars handed out for this one.
by Steve723
Wed Oct 03, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2647

Re: Did Jeff Bezos just pull a Henry Ford?

Agree with the others that this is more about squeezing out the smaller competitors that don't have the wherewithal to pay this much and getting some of the politicians off their back (e.g. Bernie Sanders). There is nothing wrong with what they did and congrats to those employees who will be the rec...
by Steve723
Mon Oct 01, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6925

Re: Why is Home Part of NW [Net Worth]

Heh, what I did after reading countless threads on this topic is to simply take the value of my home equity and cut it in half for financial planning purposes. How is that for compromise? Why? Either count it or don't. I use half of home equity for financial/retirement planning purposes, which is d...
by Steve723
Mon Oct 01, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6925

Re: Why is Home Part of NW [Net Worth]

Heh, what I did after reading countless threads on this topic is to simply take the value of my home equity and cut it in half for financial planning purposes. How is that for compromise?
by Steve723
Wed Sep 26, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2872

Re: NYC weekend house: your experiences?

May I suggest Bucks County, PA as another viable destination. It sort of combines the best of "country" and "suburbs", but a lot cheaper than places in New Jersey and New York that have a similar feel. It's about a 2-hour drive from Manhattan.
by Steve723
Wed Sep 19, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 39
Views: 3643

Re: Anyone hire an interior designer?

I guess the big challenge, IMO, would be the kids. At least in our house the kids toys take up so much room, furniture is limited (no glass coffee table), and marks on the walls and floors it might be worth saving up till the kids get a bit older. Heh, yeah our kids are now teenagers and we FINALLY...
by Steve723
Tue Sep 18, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 39
Views: 3643

Re: Anyone hire an interior designer?

I have used an online design service 3 times. Here is the link http://www.interiordesignserviceonline.com/ Interesting, I am bookmarking that for a future house warming gift. This seems almost like Stitch Fix for interior design (except I guess you get charged for the design whether you use it or n...
by Steve723
Mon Sep 17, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 39
Views: 3643

Re: Anyone hire an interior designer?

We used Ballard Design for our Living Room. And we actually use the room now! It was my first foray into using a designer as well. I figured trying it out with a discrete space was a good way to dip my toe in the water. They don't charge anything for design, but use it as an entree to recommend thei...
by Steve723
Wed Sep 05, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4985

Re: How much do you spend on kids extracurriculars?

Like others reflecting back on their own childhoods, I remember long summer days of totally unstructured "play" time. By the time I was around 13, that time was increasingly being filled with things like smoking and then eventually drinking and other not-so-wholesome things. There are pros and cons ...
by Steve723
Tue Sep 04, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4985

Re: How much do you spend on kids extracurriculars?

out of curiosity, how much time do these kids spend doing these activities outside of the scheduled lessons/classes/practice? i don't mean practicing piano because you are required to learn certain material for your next lesson... i consider that part of the structured practice. i mean time that co...
by Steve723
Tue Sep 04, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4985

Re: How much do you spend on kids extracurriculars?

Your daughter reminds me of mine - always wanting to try new activities and stay busy. That's a good thing....to a point. The important thing to monitor is whether there are unhealthy sacrifices or tradeoffs being made. Are responsibilities being shirked? Is she getting enough sleep? Is she doing he...
by Steve723
Thu Aug 30, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone investing in Municipal bonds ?
Replies: 46
Views: 3327

Re: Anyone investing in Municipal bonds ?

I'm in Fidelity for my taxable savings and have a 3-fund portfolio, with FLTMX as my bond fund. It's an intermediate muni fund with a .36% expense ratio. I'm not sure what else to say about it. It's boring stuff, as it should be.
by Steve723
Mon Aug 13, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1288

Re: Where to stay in Key West?

Right, it's definitely not a beach-lover's paradise. When I was there with family we stayed in Marathon, which puts you right in the middle of the Keys (or thereabouts). From there, we could enjoy many of the various sites without ever having to drive too far.
by Steve723
Tue Jul 31, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 9601

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Minnesota has about the highest taxes in the country for a person of moderate income. Here are the single tax brackets: ​ Tax Bracket Tax Rate $0.00+ 5.35% $25,390.00+ 7.05% $83,400.00+ 7.85% $156,911.00+ 9.85% Personal exemption and standard deduction that were in effect prior to the new federal t...
by Steve723
Tue Jul 31, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 9601

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Sorry for bumping this thread, but I’m over in Minneapolis this week for work. I’m somewhat questioning if the wages are higher here just because it’s so much more expensive overall. For one I’ve noticed meals are a lot more expensive that I’m use to in Madison. Then you factor in the difference in...
by Steve723
Tue Jul 10, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 3218

Re: Management at Megacorp

Thank you for the advise! I now realized I left off some details. -Raise would be 7% going into management. It would take my 8-5 job and turn it into 100% on call all the time, with expectations to work 10-15 hours on the weekends, and a few hours every night at home. These are sacrifices I'd be wi...
by Steve723
Tue Jul 03, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 9601

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

I grew up in Bloomington, just outside of Minneapolis, and went to college at UW La Crosse and made many a road trip to Madison, so I'm pretty familiar with both sides of the border! Then I lived in Chicago for 10 years before moving out east to Philly. So I have a perspective not just on the indivi...
by Steve723
Wed Jun 20, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 18819

Re: Life in retirement - what did you do today?

Retired a scant 2 weeks, but familiar with having summers free. I think that will ease the transition. A typical day starts with me looking at the alarm clock which is still set at 5am, and smiling 'cause I know it won't be going off. After decades of heeding its call, it's a pleasure knowing I can...
by Steve723
Mon Jun 18, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 97
Views: 5888

Re: Road trip Pennsylvania,Maryland,and DC

If you are into gardens and vast, ornate grounds, I have two recommendations: The first is Longwood Gardens in Kennett Square, PA. It is one of the most beautiful places I've ever been to. Vast, vast gardens. I've never been there in the fall, but I'm sure it's nice. They do such a great job there. ...
by Steve723
Fri Jun 01, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation: With HR or Hiring Manger (i.e. your future boss?)
Replies: 11
Views: 1173

Re: Job Offer Negotiation: With HR or Hiring Manger (i.e. your future boss?)

I currently work in HR for a megacorp and have worked for other megacops as well in HR. The process has always been that an HR or Compensation person comes up with a salary amount and then has to get it approved by the hiring manager and typically that managers boss as well. If the hiring manager t...
by Steve723
Thu May 31, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 14956

Re: Have $3m at 33, "approach to career" advice needed

A few thoughts.... - "Find your passion"....I keep seeing that phrase here, but it's easier said than done in my opinion. And often our passions can't be easily translated into work or a higher purpose (I love watching my favorite sports team, but I'm not sure how to make money at it and it surely i...
by Steve723
Tue May 15, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 6577

Re: Advice on building a timeless mens wardrobe?

I like the idea of having 85% of your wardrobe composed of the "timeless" items that have already been mentioned here. But I think it's nice to spice things up every once in a while around the margins. I just got a new pair of glasses that are much more fashionable, and dare I say trendy, than the o...
by Steve723
Tue May 01, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Career change and going back to school at 40+
Replies: 37
Views: 3764

Re: Career change and going back to school at 40+

Calico, Thanks for the additional information. Here is my 2-cents.....I don't think you have enough in savings (especially in taxable) to jump head first into the water (and you never know - it might be cold!). I DO think you should start dipping your toes in the water. Why not start up with a class...
by Steve723
Tue May 01, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Career change and going back to school at 40+
Replies: 37
Views: 3764

Re: Career change and going back to school at 40+

A few questions.... - You provide very little information about your financial situation. A fuller picture of your current yearly expenses, income streams, savings, AA, etc. would be helpful. - Have you actually gone to any local greenhouses and done any informational interviews or inquired about wh...
by Steve723
Tue May 01, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Reached a minor financial milestone this month
Replies: 35
Views: 7675

Re: Reached a minor financial milestone this month

It's a beautiful thing supersharpie. Producing a decent income, investing using Boglehead principles, and keeping the expenses in check is a very powerful combination of forces. It's like a snowball rolling down a very steep hill, with lots of wet snow! I mean, look how fast you doubled your net wor...
by Steve723
Mon Feb 05, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Raising interest rates are good for bonds.
Replies: 17
Views: 2708

Re: Raising interest rates are good for bonds.

But even if you don't automatically re-invest the dividends/interest rates, doesn't a bond fund renew itself with the higher interest bearing bonds as the old ones expire?
by Steve723
Mon Dec 18, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Is Menards the future of retail? If so, what does it mean?
Replies: 37
Views: 3184

Re: Is Menards the future of retail? If so, what does it mean?

There is nothing new here. It's called white labeling.
by Steve723
Mon Nov 13, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Clements: Your "Number One Number"
Replies: 24
Views: 4078

Re: Clements: Your "Number One Number"

This statistic was rather shocking: I advise keeping total fixed living costs to 50% or less of pretax income—and yet the typical American family spends that much just on their home and car. :shock: That is hard to imagine. Our mortgage (principal, interest, property taxes, insurance) is about 9% o...
by Steve723
Sat Nov 11, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 11249

Re: Retirees: I got this!!

Well, it helps that we've been on a massive bull run. I imagine the "I got this" crowd has increased in proportion to the market. It's near-retirees that might be a little more worried.
by Steve723
Sat Nov 11, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 142
Views: 14920

Re: Do you meditate?

One other thought on meditation.....It's very typical for high-achiever types to initially view meditation through the same lens they view other endeavors they take on: "How long do I need to do it to get the most benefit? How many days per week? When will I start seeing better performance at X? " T...
by Steve723
Sat Nov 11, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 142
Views: 14920

Re: Do you meditate?

I recently dealt with a bout of insomnia/sleep anxiety and started doing mindful meditation on a daily basis. I only do it for about 10-15 minutes per day but I believe it has helped, along with the other things I did to tackle the issue (more exercise and some cognitive behavior therapy). My sleepi...
by Steve723
Wed Nov 08, 2017 10:35 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 15499

Re: The fear of retirement, black swan, and math to dissuade the fear.

I can't see how you figure it's possible to make $10K/year by doing credit card sign-on bonuses and checking/brokerage accounts that number sounds ludicrously high, like an order of magnitude higher than possible. Anyway my feeling is that it's far easier for me to make 6-figures currently at a hig...
by Steve723
Fri Oct 27, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 5386

Re: How to get over the fear of traveling without spouse and children?

Or take a Dramamine air sickness pill. You'll be out like a light for hours :-) Meds can help, but they don't address the underlying issue. Speaking as somebody else with a phobia who tried a lot of different methodologies, sure they can; they erode the connection between the stimulus and the anxie...
by Steve723
Fri Oct 27, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 5386

Re: How to get over the fear of traveling without spouse and children?

Silverskates, I have battled a similar fear of flying for a couple of decades now, but have managed it through cognitive behavioral and relaxation techniques. Now I am simply a somewhat nervous flyer, but I can fly and do so regularly! I would strongly suggest you see a psychologist that specialize...
by Steve723
Fri Oct 27, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 5386

Re: How to get over the fear of traveling without spouse and children?

Silverskates, I have battled a similar fear of flying for a couple of decades now, but have managed it through cognitive behavioral and relaxation techniques. Now I am simply a somewhat nervous flyer, but I can fly and do so regularly! I would strongly suggest you see a psychologist that specializes...
by Steve723
Thu Oct 26, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 16237

Re: Request for Promotion letter to Senior Management

The letter is a terrible idea, but then again it may not even matter whether you send it or not. Sometimes you can see your future in organizations and it sounds like you can see yours; you just don't like what it says. From what I can tell, you've been banging on about a promotion for some time no...
by Steve723
Thu Oct 19, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Political/Legislative risks of Munis
Replies: 10
Views: 959

Re: Political/Legislative risks of Munis

I echo your question, as I have created a simple 3-fund portfolio in taxable and use the exact same fund (FLTMX) for the bonds due to my tax bracket too. I'm debating if I should diversify that portion, which alas, would make it more than a 3-fund portfolio!
by Steve723
Mon Oct 09, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 20235

Re: Hope I'm not unwittingly wading into anything here...

But is anyone willing to explain to me the basic distinction between a Boglehead and a Mr. Money Mustachian? My most recent look at MMM yielded threads discussing taking cold showers, making homemade deodorant and re-using bath water, all in the name of saving money. I know Bogleheads like to save ...
by Steve723
Mon Oct 09, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Re: Portfolio Review - Feedback welcomed

I have no opinion on whether you will reach your goal by age 50. What caught my eye is your use of only Roth 401k and your taxable account. Maybe you needed to do that, I don't know. But if your current balance of $770k is not enough to carry you through early retirement, maybe you should not consi...
by Steve723
Mon Oct 09, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Re: Portfolio Review - Feedback welcomed

One last bump for any further feedback/advice! Thank you in advance.
by Steve723
Mon Oct 09, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: overloaded w/ Goog?
Replies: 10
Views: 1529

Re: overloaded w/ Goog?

Carson, I was in Google's orbit for a couple years and also received a fair amount of grants that I ended up not selling. This is before I learned about Bogleheads. The shares have appreciated quite significantly, so what I decided to do was apply my holdings toward my family's annual charitable giv...
by Steve723
Sun Oct 08, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Re: Portfolio Review - Feedback welcomed

G2bO, I have run some Firecalc numbers....Feeling pretty good about things since I haven't factored in S.S. yet, which should be about 35K per year once we start taking it.
by Steve723
Sun Oct 08, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Re: Portfolio Review - Feedback welcomed

Thanks for your feedback and questions Grt2bOutdoors. See answers below.... 1) What will you do for healthcare? We currently give ~ 20K per year to our church as part of our baseline spending. We would likely earmark a good portion of that to go towards buying a policy on our own (either through the...
by Steve723
Sun Oct 08, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Re: Portfolio Review - Feedback welcomed

Bump - thank you for any feedback/advice.
by Steve723
Sun Oct 08, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Feedback welcomed
Replies: 8
Views: 1033

Portfolio Review - Feedback welcomed

Hi, This is the first time I have asked for feedback on my portfolio. I’m not asking the generic “am I doing OK?” question, as I know we are doing more than OK. My questions revolve around any targeted changes given our goal of financial independence and my wife’s recent return to full-time employme...
by Steve723
Thu Oct 05, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 4142

Re: That blank stare... ?

It's interesting. My wife does the taxes, tracks our spending, and pays the bills, but spends zero time worrying or thinking about the bigger picture stuff (investing, retirement, asset allocation, etc.) I do all of that. I have to sit her down every once in a while and explain to her what we are do...