Search found 343 matches

by frugalecon
Wed Sep 18, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: What are the rules around signing up for a business credit card?
Replies: 35
Views: 2872

Re: What are the rules around signing up for a business credit card?

I'm not sure I'd even use ethical in the same line as credit card. I go one step further. Not only do I not have ethical qualms about exploiting the credit card companies, I actually take great pleasure and satisfaction from it. In fact, my wife and I almost never actually pay for air travel, relyi...
by frugalecon
Mon Aug 26, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1156
Views: 130187

Re: What frugal thing did you do today?

Spent no money.
by frugalecon
Fri Aug 23, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Mortgage extra payment applied in error
Replies: 24
Views: 1744

Re: Mortgage extra payment applied in error

As I've posted here, I've recently started murdering my mortgage from cash flow. The podunk credit union who holds my note has somehow managed to get this right so far, in spite of their allergy to technology. I'm really impressed. They even send me new coupons in response to my prepayment. I use t...
by frugalecon
Thu Aug 08, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: Renting a car in Boston (Logan Airport)
Replies: 9
Views: 516

Re: Renting a car in Boston (Logan Airport)

nimo956 wrote:
Thu Aug 08, 2019 10:29 am
Just as an FYI, you can often find substantial savings by renting a car near, but not at, the airport. Find an Avis or Hertz nearby and take an Uber to/from Logan.
I have realized substantial savings from picking up off airport, even if I return at the airport.
by frugalecon
Tue Aug 06, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4301

Re: Worth it to upgrade to Premium Economy?

One last comment occurs to me. Rather than asking a group of strangers on the Internet for their opinion about whether it is worth it (for you?) to spend a couple of hundred dollars on an experience, this might be an example of a situation where it might be useful for you to spend the cash once to a...
by frugalecon
Tue Aug 06, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4301

Re: Worth it to upgrade to Premium Economy?

I have flown international true premium economy (not plain economy with extra legroom, but the higher class of service) twice, once on Air Canada and once on United. The seat is wider, the pitch is substantial greater, and there is greater recline. You can see the dimensions relevant to your flight ...
by frugalecon
Fri Jul 12, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can my brother afford his vacation?
Replies: 41
Views: 4020

Re: Can my brother afford his vacation?

I wouldn’t have responded to that comment, because I wouldn’t have asked him what his financial situation was in the first place. I might have said, “sounds like that is for you and your spouse to resolve.” I don’t weigh in on my siblings’ spending. Not my monkeys, not my circus. That said, I have h...
by frugalecon
Sun Jul 07, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2898

Re: Prenuptial for future son-in-law

I thought a prenup was an agreement by which a married couple contracted around the default arrangements that the state provided them. The idea of a prenup between a person and his parents in law sounds strange. This seems like a good way to torpedo your relationship with the guy. If my FIL had appr...
by frugalecon
Fri Jul 05, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Hussman predictions..
Replies: 17
Views: 2248

Re: Hussman predictions..

. Hussman Strategic Growth Fund (HSGFX) returns (%): YTD = -12.91 1 yr = -8.33 3 yr = -9.27 5 yr = -9.03 10 yr = -7.03 15 yr = -4.02 Yes, they are all negative. After-tax returns since inception of the fund (almost 19 years) = -0.66. So far it looks like wealth destroying rather than wealth creatin...
by frugalecon
Wed Jul 03, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 22842

Re: Do you share your net worth with family members?

No one has ever directly asked, and I have never volunteered. My mother once observed that I am surely a millionaire, which I didn’t deny, so that at least set a lower bound. My father rejected my investment approach, and it really would have bummed him out to know that my net worth was multiples of...
by frugalecon
Fri May 31, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4884

Re: Best day of the month to invest?

Any day that the “U.S. stocks in free fall” gets bumped.
by frugalecon
Tue May 28, 2019 6:45 pm
Forum: Personal Investments
Topic: What else can I do to achieve FIRE?
Replies: 58
Views: 5179

Re: What else can I do to achieve FIRE?

In order to answer your question you would have to post what your average yearly spending is including health care costs. FOr the investment question, I would most certainly spend the monthly extra money towards the principle of the mortgage - at your rte, you should be done with the mortgage in 4-...
by frugalecon
Tue May 28, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: "Six Personal Finance Hacks..." article (pardon the hackneyed use of hack)
Replies: 3
Views: 1410

Re: "Six Personal Finance Hacks..." article (pardon the hackneyed use of hack)

I am guessing Morgan Housel did not write the headline, but the article is worth reading and sharing with a twenty something person just starting out. Perhaps as a precursor to Bernstein’s “If You Can.” I really wish I would have had easy access to all of the information that is currently available ...
by frugalecon
Mon May 27, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parent's Home In Need of Major Repairs
Replies: 44
Views: 4419

Re: Elderly Parent's Home In Need of Major Repairs

Is the house safe, as in not being further vandalized? I would for sure keep it to inherit for the stepped -up basis and sell it then. In the meantime, keep a good roof and maintain the exterior so it will not deteriorate. You can decide how much to fix up when you want to sell it.... Is it really ...
by frugalecon
Sun May 19, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15813

Re: FIRE - What am I missing in the News Stories

Yes, but people can simply move . We live in a VHCOL area. As we near retirement we recognize moving would greatly reduce our annual living expenses and taxes. But we don’t find it simple to move due to a variety of factors: - Two sets of aging parents that need (physical) help on a weekly basis - ...
by frugalecon
Sun May 19, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15813

Re: FIRE - What am I missing in the News Stories

One thing that I don't recall having seen discussed in any of the articles about the more extreme version of "lean" or "skinny" FIRE at a very early age is that the person is potentially locking in a very low standard of living many decades in the future, when there may be technological advances tha...
by frugalecon
Tue Apr 23, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Getting Spouse On Board With Saving
Replies: 41
Views: 4271

Re: Getting Spouse On Board With Saving

I have read that there is research indicating that people are more willing/able to save for the future if they do visualization exercises with depictions of themselves at an older age. (For example, see https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3949005/) Perhaps some version of this, maybe with t...
by frugalecon
Fri Apr 12, 2019 6:24 pm
Forum: Personal Investments
Topic: Roth TSP vs. Regular TSP?
Replies: 14
Views: 1661

Re: Roth TSP vs. Regular TSP?

This is a difficult choice because it involves difficult predictions. I am putting my catchup into Roth to diversify. I am worried that RMDs could be astronomical, though in some respects that is a problem for privileged people.
by frugalecon
Sat Mar 23, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: 10 Year/3 Month Treasuries Inversion
Replies: 100
Views: 9254

Re: 10 Year/3 Month Treasuries Inversion

Can't wait to refinance my mortgage. I'm only 16 months into my 7/1 ARM but I'm already seeing the possiblity to refinance at a lower rate. I don’t plan to refi, but in a similar vein, the decline in interest rates increases the attractiveness of making extra principal payments, particularly if a p...
by frugalecon
Fri Mar 22, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147002

Re: U.S. stocks in free fall

Always happy when this occurs on a payday, so my TSP contribution goes in at a lower price.
by frugalecon
Wed Mar 20, 2019 1:40 pm
Forum: Personal Investments
Topic: Roth vs Traditional - Tax Bracket and 401K?
Replies: 27
Views: 1621

Re: Roth vs Traditional - Tax Bracket and 401K?

A lot of people (not necessarily the OP) look for easy 'sound bite' answers to the question of traditional vs. Roth, but there aren't any. Absolutely. I had wanted this for a long time and, without finding it, stuck with tIRA. Now that I'm finally understanding it better, and especially understandi...
by frugalecon
Tue Mar 19, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.5 million house?
Replies: 125
Views: 9434

Re: Can I afford a $1.5 million house?

The clickbait title of your thread is ridiculous, arrogant and kind of embarrassing. You aren't buying a $1.5 million house as a second home. You're buying 1/3rd of a $1.5 million house as your second home. I just find the title confusing. Of course given the parameters the OP gave he CAN afford it...
by frugalecon
Tue Mar 19, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Two Lessons from Alan Krueger
Replies: 4
Views: 1133

Re: Two Lessons from Alan Krueger

arcticpineapplecorp. wrote:
Tue Mar 19, 2019 4:53 pm
planet money also has an write-up about what he taught us:

https://www.npr.org/sections/money/2019 ... -taught-us
Thanks for following up with this, arcticpineapplecorp.
by frugalecon
Tue Mar 19, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Two Lessons from Alan Krueger
Replies: 4
Views: 1133

Two Lessons from Alan Krueger

The very sad news of the death by suicide of Alan Krueger, a very accomplished scholar and public servant, has brought forth a number of statements from people who knew him well. This David Leonhardt column in the New York Times shares some insights that are relevant to all of us as economic agents,...
by frugalecon
Sun Mar 17, 2019 8:12 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23762

Re: How to realistically FIRE?

- No kids - Expensive hobbies (500$/mo x2 premium health club, flying lessons once a month or so at 300$/hour, a couple ski passes, ...) - Expensive travelling (couple international trips a year at $10-$15k per trip, several weekends out of town in nice hotels at $2k+ per trip) - Expensive car paym...
by frugalecon
Fri Mar 15, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Grantham: US will return 2% real next 2 decades
Replies: 173
Views: 18080

Re: Grantham: US will return 2% real next 2 decades

There was a homeless guy on my way home from work that said if I help him with a couple of dollars, god will make me a millionaire. So who do you believe: Grantham (WHO?) or the homeless nobody? P.S. I told the homeless person that being a millionaire is so overrated. I want to be a BILLIONAIRE. I ...
by frugalecon
Tue Mar 12, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: Hussman predictions..
Replies: 17
Views: 2248

Re: Hussman predictions..

Why don’t you post a summary of how Hussman’s past predictions have worked out. Then we can decide how much weight to put on this one.
by frugalecon
Tue Mar 12, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 65
Views: 8301

Re: Job burnout - Keep grinding or change?

I ran across this thread, and I am bumping in case the OP has anything to share about how things have worked out. I have felt this way before, and I still have intermittent twinges, though as I get closer to the end of the W-2 employee chapter of my life it is easier to keep perspective.
by frugalecon
Mon Mar 11, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Do you have 1 or 2 numbers for expenses in retirement?
Replies: 59
Views: 4621

Re: Do you have 1 or 2 numbers for expenses in retirement?

I have developed a “High” budget and a “Low” budget for retirement planning. I fully expect to be able to satisfy the High budget, but the Low budget is useful for gauging where we would stand in the event of unforeseen job loss or a very unfavorable sequence of returns in financial markets.
by frugalecon
Mon Mar 11, 2019 6:15 am
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 8283

Re: Boeing-time to buy?

I thought of this recent thread in the wake of the plane crash in Ethiopia. Having a concentrated position in a single stock can be very risky.
by frugalecon
Thu Mar 07, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: Grantham: US will return 2% real next 2 decades
Replies: 173
Views: 18080

Re: Grantham: US will return 2% real next 2 decades

Of course nobody can predict the future but this guy says 2% real returns over the next 2 decades and will be painful. https://www.youtube.com/watch?v=h37hMronhas He says EM Value can return as much as 8% real. Scary stuff but not quite sure I buy it. What was the CAGR of the S&P 500 from 1/1/2000?...
by frugalecon
Wed Mar 06, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6047

Re: What do you tell people who ask for retirement/investment advice?

DW and I are retired and it is obvious to people who know us that we are doing reasonably well. ..What do you people say to a person on the verge of retirement with no savings? Suggestion: When in their company, try to make it less obvious how well you are doing. We try not to be ostentatious, and ...
by frugalecon
Wed Mar 06, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6047

Re: What do you tell people who ask for retirement/investment advice?

One other piece of advice -- he should downsize now, rather than later. And by that I mean downsize everything -- his house, his car, his ongoing expenses, his possessions, etc., so that he has lower overhead and can save more (and, in the case of selling possessions/house, hopefully get top dollar...
by frugalecon
Wed Mar 06, 2019 5:24 am
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 6047

Re: What do you tell people who ask for retirement/investment advice?

I have a friend in the situation you described. He has basically mismanaged his personal finances for > 30 years, and he has pretty much ignored any advice. He lost his job more than 5 years ago, and he is now ekeing out a meager existence, relying on Social Security, public assistance programs, and...
by frugalecon
Sun Mar 03, 2019 6:30 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 19154

Re: Lots of cash .. Scared to put it to work now

I think that there is a certain amount of “letting go” that needs to happen in investing. Because we don’t have perfect knowledge of the future, all we can do is choose a strategy, implement it, and move on. Paralysis is not a strategy. What has helped me is knowing that I am investing almost every ...
by frugalecon
Sat Mar 02, 2019 9:25 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 19154

Re: Lots of cash .. Scared to put it to work now

Geoffrey, you have 20 years to retirement, but investments run the rest of your life, so perhaps 50 years ahead. Even, or maybe especially in retirement, you need to at least keep pace with inflation and withdrawals, so you need maybe 40% stocks then and now. Stock risk is always a concern--for tho...
by frugalecon
Sat Mar 02, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 82
Views: 14155

Re: 3 stages of Financial Independence

I didn't review every response to this thread, but it made me think of a blog post by Morgan Housel, in which he posits a spectrum of Financial Dependence and Independence. It is somewhat related to this discussion, I think. It is available here: https://www.collaborativefund.com/blog/the-spectrum-o...
by frugalecon
Fri Mar 01, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Upgrade primary residence vs. 3-fund
Replies: 24
Views: 1969

Re: Dilemma: Upgrade primary residence vs. 3-fund

In many ways you are in an enviable position. Your household salary in your late 30s is where we are in our early 50s, and our portfolio is also about $1.8 million, though zero inheritances here. House is worth right at $1 million. If I were you, I would accept that the plane represents a chunk of t...
by frugalecon
Fri Mar 01, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 5076

Re: Advice at 60

I wouldn't really say I'm playing in crypto. Bought a tiny $ amount a couple years ago, and letting it ride. Regardless of the the history by keeping it you are at keeping something that is way to risky. Note that "letting it ride" is a gambling term. Sell the crypto ASAP Pay off mortgage with my s...
by frugalecon
Fri Mar 01, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 5076

Re: Advice at 60

Someone up the thread mentioned Starbucks as being a reasonable employer, but another thought that occurs to me is Home Depot and Lowe's. I assume that they will be hiring big to deal with the spring/summer season, and they might be a possibility while you figure out options that are more in your fi...
by frugalecon
Thu Feb 28, 2019 8:44 pm
Forum: Personal Consumer Issues
Topic: Experience with Apple Pay?
Replies: 71
Views: 7076

Re: Experience with Apple Pay?

I use it a couple of times per week, especially at Whole Foods, and I love it. But I pretty much only use it with Apple Watch, which makes it very easy.
by frugalecon
Tue Feb 26, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 15832

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budge

We currently have take home pay of approximately $12k/month, and it is all allocated, with dollops for mortgage, backdoor Roth, and some liquid savings in addition to all the other expenses. I am budgeting for the same in retirement, with increased allocations to travel, medical, and household help ...
by frugalecon
Sun Feb 24, 2019 9:20 pm
Forum: Personal Investments
Topic: Is last December`s drop a bear market?
Replies: 26
Views: 2138

Re: Is last December`s drop a bear market?

Bear market? GMO published a paper suggesting that it could represent the bursting of a bubble: https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/is-the-u-s-stock-market-bubble-bursting-a-new-model-suggests-'yes'.pdf?sfvrsn=7 Being boring, I have continued t...
by frugalecon
Wed Feb 13, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wife has accumulated $90K in debt - Advice sought...
Replies: 42
Views: 5816

Re: Wife has accumulated $90K in debt - Advice sought...

At a basic level, I would ask yourself if you and she have the same goals at this point. If everyone isn’t rowing in the same direction, I don’t see how a recovery plan can work.
by frugalecon
Sun Feb 10, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: TSP G Fund: Considered Bonds or Cash
Replies: 25
Views: 1403

Re: TSP G Fund: Considered Bonds or Cash

Only for allocation purposes. That is why I care. Seems like such an effort is over-precise. So is responding to threads with no helpful comment. You mean other than providing you a link to the info you requested? Good luck with your angels and pins!!! Autopeep, thank you for taking the time to pro...
by frugalecon
Thu Feb 07, 2019 7:42 pm
Forum: Personal Investments
Topic: Lost Job - Paying off Mortgage or Not
Replies: 14
Views: 1701

Re: Lost Job - Paying off Mortgage or Not

This thread is begging for KlangFool to weigh in on.
by frugalecon
Mon Feb 04, 2019 11:32 am
Forum: Personal Investments
Topic: Tsp [Thrift Savings Plan]
Replies: 55
Views: 4173

Re: Tsp [Thrift Savings Plan]

There's a tax issue here as well. You don't get favorable capital gains treatment for stocks inside the TSP (or any 401k). Gains are taxed as ordinary income. So, you want to keep as much of your desired equity allocation outside the TSP as possible if you are in a high tax bracket. Of course, if y...
by frugalecon
Mon Feb 04, 2019 9:37 am
Forum: Personal Investments
Topic: Tsp [Thrift Savings Plan]
Replies: 55
Views: 4173

Re: Tsp [Thrift Savings Plan]

There's a tax issue here as well. You don't get favorable capital gains treatment for stocks inside the TSP (or any 401k). Gains are taxed as ordinary income. So, you want to keep as much of your desired equity allocation outside the TSP as possible if you are in a high tax bracket. Of course, if y...
by frugalecon
Mon Feb 04, 2019 8:57 am
Forum: Personal Investments
Topic: Tsp [Thrift Savings Plan]
Replies: 55
Views: 4173

Re: Tsp [Thrift Savings Plan]

There's a tax issue here as well. You don't get favorable capital gains treatment for stocks inside the TSP (or any 401k). Gains are taxed as ordinary income. So, you want to keep as much of your desired equity allocation outside the TSP as possible if you are in a high tax bracket. Of course, if y...
by frugalecon
Thu Jan 17, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 15119

Re: How much money did you receive from family? (Gifts/inheritance)

Just to add another data point...in my mid 50s, have never have received an inheritance. Parents contributed a few thousand dollars to undergraduate college, and they covered car insurance while in grad school. No help for anything else. I became a w-2 employee at the age of 14, so they were able to...