Search found 105 matches

by mirror
Sat Jan 06, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Prioritize Roth IRA or HSA since I live in CA?
Replies: 10
Views: 901

Re: Prioritize Roth IRA or HSA since I live in CA?

TIPS are a good investment in HSAs for other reasons; they make it less likely that the HSA will grow so much that it exceeds your medical expenses. If the stock market booms, you would rather that boom be in your Roth IRA so that you can spend all the money in retirement. However, if one plans to ...
by mirror
Fri Jan 05, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Prioritize Roth IRA or HSA since I live in CA?
Replies: 10
Views: 901

Re: Prioritize Roth IRA or HSA since I live in CA?

Even if you move down a bracket, the HSA still comes out well ahead. In the Roth, you get no tax deduction, and you pay no tax on withdrawals. In the HSA, you get a federal tax deduction on the value, and you pay no CA tax on the contribution amount, only on the gains; you can even avoid the CA tax...
by mirror
Thu Dec 28, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3212

Re: Buying a car advice - what's new since 1994?

OP, Besides the newest generation, I believe some Impalas still had bench seats as recently as 2014. These were often used as rental cars and sold with relatively low miles. Since the new generation came our prices on the older models has dropped. With just a cursory search I found a 2012 Impala LS ...
by mirror
Sun Dec 24, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 7768

Re: Will you donate less to Charity?

For various personal, practical, and financial reasons I donate time not money. Nothing will change.
by mirror
Sun Dec 24, 2017 1:33 am
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5786

Re: Who missed out on maximizing 401k?

About 55% of Americans either don't have access or don't participate in a 401k according to this article https://www.denverpost.com/2017/12/23/donald-trump-most-voters-dont-have-401k/ In 2016 of 401k plan participants only 10% made the maximum contribution if $18k according to a vanguard study cited...
by mirror
Wed Dec 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1721

Re: Life Insurance

Thanks for the replies all. I will get some quotes for 20 and 30 year terms based on the amount we decide we need.
by mirror
Mon Dec 18, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1721

Re: Life Insurance

Ok I screwed up. I updated the original post with the correct information.
by mirror
Mon Dec 18, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1721

Life Insurance

Both my wife and I have life policies. We are about 5 years into them. I wasn't as financially knowledgeable as I am now when we signed up for them. My wife's relatives are in the insurance business and my wife has always been sold on the idea that whole life is superior because your rate never chan...
by mirror
Sat Dec 16, 2017 11:48 pm
Forum: Personal Consumer Issues
Topic: New Car - Always use parking brake ?
Replies: 72
Views: 7110

Re: New Car - Always use parking brake ?

New car with Automatic CVT transmission It’s the first car I’ve ever purchased and I want it to last as long as possible . I’ve read that using the parking brake is good for the parking prawl as well as motor / transmission benefits. How do you apply the parking brake correctly? I’ve been parking b...
by mirror
Fri Dec 01, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 8363

Re: The College Bubble - investment opportunities after the collapse?

Just because pensions are going away doesn't mean the average person .... The average person doesn't graduate from college either. That is a non sequitur. You stated "I think kids won't have to go to college anymore." No mention of graduation rates. 67% percent of students who graduated high school...
by mirror
Fri Dec 01, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 8363

Re: The College Bubble - investment opportunities after the collapse?

Along with all this, I think kids won't have to go to college anymore. This is because instead of pensions that go away when you die, their parents will have 401(k)s, 403(b)s, and IRAs that will get passed on to the children. They will be able to retire as soon as their parents die, so no need for ...
by mirror
Sun Nov 26, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19292

Re: The fallacy of spending money on "experiences" vs hard assets

OP
What was the third gift you opened on your 6th birthday? What was your first vacation? I imagine one of these is much easier to recall. So which was the better "investment" by your parents? Not everything is a financial decision.
by mirror
Fri Nov 24, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30409

Re: Anyone tired of the stock market going up?

Yes, I hate when my money turns into more money. Off to bury some in the backyard to protect it from the evils of appreciation and dividends.
by mirror
Tue Nov 21, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 2279

Re: Recommend a daily driver

If you only plan to own the car for 24 months and want something reliable why not just lease? You could maintain liquidity, have a reliable car, and not have the hassle of trading in/selling in 2 years.
by mirror
Mon Nov 20, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: Drive it till it dies. It died.
Replies: 54
Views: 6526

Re: Drive it till it dies. It died.

You may have also overpaid for the repairs earlier in the year. . . . You just had a 2010 die, if you buy a 2014 version of the same model then why would you expect it to last more than 4 more years? The repairs earlier this year were done at an independent shop I have used for years. I was on my w...
by mirror
Sun Nov 12, 2017 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 16301

Re: Why pay cash for a car?

To those that say pay cash does the answer change if one is in retirement and would need to pull funds from a tax deferred account? It seems the tax hit could be much greater than the low interest paid on the loan given the current interest rate environment. Emphasis on "could" because there are man...
by mirror
Sat Oct 21, 2017 10:27 pm
Forum: Personal Consumer Issues
Topic: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.
Replies: 72
Views: 5680

Re: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.

Jaguar XJ? Used ones with low miles can be had well within your budget. Some versions get up to 550hp.
by mirror
Wed Oct 11, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 6051

Re: Made a career mistake- advice/next steps

On the other hand...higher pay with less responsibility..isn't that kind of the goal? I want the highest pay possible and the least responsibility possible. :twisted: I know it doesn't work like that. Like Big Tom Callahan says "You're either growing or you're dying. There ain't no third direction....
by mirror
Mon Oct 09, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 6051

Made a career mistake- advice/next steps

I got a new job several months ago, but am having second thoughts about the move. During the interview process I was led to believe the role was much more than it has turned out to be. It was presented as a very similar role to my previous job and I was excited to continue on my career growth. I enj...
by mirror
Fri Oct 06, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a Business While Working
Replies: 5
Views: 888

Re: Starting a Business While Working

Why not bring this opportunity to your employer? If they like the idea offer to head up the group/division. If they don't like the idea then ask if you can pursue it on your own.
by mirror
Sun Sep 24, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 9731

Re: Where do you get your news?

Currently I read the Economist, and a bit of Washington Post for breaking news. Thing is, I have recently had several smart people give me the advice to stop consuming news completely. The argument is that: 1) virtually none of it is actionable 2) it makes you unhappy Go cold turkey? Restricting yo...
by mirror
Sun Sep 10, 2017 3:53 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 7705

Re: Luxury car: perception vs reality

I will also add there are as many "rules of thumb" about what people should pay for houses / cars etc. as there are people giving advice. Dave Ramsey: everything you own with an engine should be less than 50% of your annual household income. Suze Orman: only buy a car if you can put 20% down and can...
by mirror
Sun Sep 10, 2017 3:38 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 7705

Re: Luxury car: perception vs reality

I'm on page 3 of this thread and have yet to see the term "luxury car" defined. Is that based on price, features, badge, or some combination of the three? You can get a CPO 3 series BMW or MB C Class for the same price as a new Camry or CPO Avalon. Does that mean the income requirements for the BMW/...
by mirror
Fri Jul 21, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 60
Views: 3699

Commuters (that drive), what do you listen to?

I will be starting a new job soon that will be ~35-40min commute. I haven't commuted in several years and technology and available content have changed quite a bit. I am curious what other commuters listen to on their drives (both the service and the content). Services such as Pandora and Spotify of...
by mirror
Sun Apr 23, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 15197

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

There are two types of truly "bad" bosses : the incompetent and the malicious. Both are equally dangerous. I refuse to work for either. Life is too short. I can deal with just about any issues outside of those two. I'm not talking about a boss that takes credit for your work or constanly dumping mor...
by mirror
Tue Mar 21, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 7672

Re: Endless Job Interviews (with same company)

Thanks for the feedback all. Proceeding with caution.
by mirror
Tue Mar 21, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 6384

Re: Any downside in buying a brand new house ?

I bought a new home in 2015. I'm a little lost on the poor quality comments on new versus old. Weren't old homes new at one time? Did they cut less corners 100 years ago? Even if they did, do people really expect quality components in a 100 year old home in aggregate would be better than a new home...
by mirror
Mon Mar 20, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 6384

Re: Any downside in buying a brand new house ?

Another, did you have an inspection done? Doesn't sound like it. You didn't know the dishwasher wasn't functioning?? An easy catch the inspection should have caught. Along with the other issues you mentioned. Yes, but just like any other profession not all inspectors are good at what they do. I was...
by mirror
Mon Mar 20, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 6384

Re: Any downside in buying a brand new house ?

For example, I know that when buying an older home, you have to be extra careful on the inspections, and ready for higher maintenance costs. But a new one ? What's the catch ? Any insight / experience would be welcome. Get references on the specific builder you want to use. Everything is built "to ...
by mirror
Fri Mar 17, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 7672

Re: Endless Job Interviews (with same company)

How many of the four were face to face? If some of them were phone interviews, then it might not be too terrible. In general, I would say that a repeat face to face interview with the same people indicates a hiring manager that is indecisive. They might have two finalists that are close, but they s...
by mirror
Fri Mar 17, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 7672

Re: Endless Job Interviews (with same company)

1.) Are you currently employed? If not then I would go along with their plans because you are not in a position to dictate the next steps. If so then I would move to #2. 2.) You didn't say whether or not you are working through an outside recruiter, in house recruiter or directly with the hiring au...
by mirror
Fri Mar 17, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 7672

Re: Endless Job Interviews (with same company)

ved wrote:Probably. But, what do you have to lose?
Other than wasting time/energy/resources, it makes me question whether that is the type of organization that I want to join (if an offer ever came).
by mirror
Fri Mar 17, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 61
Views: 7672

Endless Job Interviews (with same company)

I have been through 4 rounds of interviews with the same potential employer and now they want to set up another interview (with the same people). This tells me that either: a) they are indecisive, b) they have concerns about my qualifications, c) they are stringing me along as a backup until they ca...
by mirror
Mon Dec 05, 2016 12:41 am
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 79
Views: 9645

Re: Men's Fashion - Best Bang for Buck

Dappered.com
by mirror
Thu Nov 03, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: How much home can/should one buy?
Replies: 144
Views: 12566

Re: How much home can/should one buy?

1) In the middle of 2008 / 2009 recession, 50% of my co-worker at my location was laid off. Those remains were stressed out. Some of them are still under-employed until now. I slept through those times. Klang, Just because this happened in your situation doesn't make it a rule for ALL situations. D...
by mirror
Sun Oct 23, 2016 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or 401(k)?
Replies: 29
Views: 3292

Re: 15 year mortgage or 401(k)?

David and Norcal, thank you both for the clarification.
by mirror
Fri Oct 21, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or 401(k)?
Replies: 29
Views: 3292

Re: 15 year mortgage or 401(k)?

However, if you're looking for a blanket rule I will say that a 15 year mortgage should not be chosen over a 30 year at the expense of the 401K, as would be the case in the OP's scenario. I agree with this. From the bank's point of view, a 15-year mortgage and a 30-year mortgage are equally good. T...
by mirror
Fri Oct 21, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home Improvement vs Moving
Replies: 12
Views: 2076

Re: Home Improvement vs Moving

My honest opinion is that this sort of thinking is pretty dangerous. Those comps that sold might have been perfectly appointed inside when they sold, so might not reflect what the OP could get at resale. IT also seems that commissions, 6+% would be a lot more expensive than fixing up the existing h...
by mirror
Thu Oct 20, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why have a formal budget?
Replies: 106
Views: 11813

Re: Why have a formal budget?

How would you feel if you're employer said this about how they manage their money? We're fortunate to be in the high income bracket, but we're still ruthless about budgeting and telling our money where to go. Don't knock it till you try it :wink: I have worked for employers that kept urinal cakes l...
by mirror
Wed Oct 19, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why have a formal budget?
Replies: 106
Views: 11813

Re: Why have a formal budget?

White Coat Investor wrote:Let me assure you that you are very unusual...
I will take that as a compliment. :beer
by mirror
Wed Oct 19, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Home Improvement vs Moving
Replies: 12
Views: 2076

Re: Home Improvement vs Moving

Leemiller wrote:Fwiw, in my experience the rich have things as well as money.
Touche. I was referencing more the millionaire next door versus broke conspicuous consumer.
by mirror
Tue Oct 18, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Home Improvement vs Moving
Replies: 12
Views: 2076

Re: Home Improvement vs Moving

A couple thoughts - what is your income trajectory like? Are you at 85k for the foreseeable future or is it rapidly increasing? Given your lack of debt and good savings, you seem to be doing the right things. What is your budget like right now - how much wiggle room do you have? Personally, assumin...
by mirror
Mon Oct 17, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Home Improvement vs Moving
Replies: 12
Views: 2076

Re: Home Improvement vs Moving

It's probably not what you want to hear, but I think you'd really be stretching to afford a $325k house on an $85k salary. Even with the equity from your current house (which would be eroded by the repairs needed before you could sell it for the market rate), your offer would not be very powerful s...
by mirror
Mon Oct 17, 2016 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Home Improvement vs Moving
Replies: 12
Views: 2076

Home Improvement vs Moving

I've posted before about neighbor issues, being unhappy with our house and discussing the possibility of moving. We toyed around with the idea last winter/spring looked at a couple houses, but nothing really stood out so we decided to stay put. Both my wife and I will email each other every once in...
by mirror
Mon Aug 15, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Realigning Savings After Spouse Stops Working
Replies: 2
Views: 666

Realigning Savings After Spouse Stops Working

I wasn't sure if this should go into the Personal Finance section or this one. The question I have isn't regarding asset allocation, specific funds or expense ratios. I am seeking guidance on overall investment strategy for when my wife stops working (the next month or so). My wife currently works p...
by mirror
Thu Jun 30, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Your shopping strategy for new tires?
Replies: 154
Views: 13351

Re: Your shopping strategy for new tires?

Couldn't have said it better and couldn't agree more with alfaspider. Me having an email address including "02tii" may indicate a shared hobby. Good advice on Tire Rack (I have driven on their test circuit for 20 years) as it's a great place for info on every brand, specs, and pricing. I will add; ...
by mirror
Wed Jun 29, 2016 11:53 pm
Forum: Personal Consumer Issues
Topic: Reducing Electric Bill- Point of Diminishing Returns?
Replies: 34
Views: 4415

Re: Reducing Electric Bill- Point of Diminishing Returns?

I saw in an earlier post that you work from home and wife mostly does (or something to that effect) so gains might be more if you're home most of the time. Glad I live in the cheaper midwest, my last 12 month average for electric is $52.01 and natural gas is $39.85. I spent about 1K in spring of 20...
by mirror
Wed Jun 29, 2016 3:49 pm
Forum: Personal Consumer Issues
Topic: Reducing Electric Bill- Point of Diminishing Returns?
Replies: 34
Views: 4415

Re: Reducing Electric Bill- Point of Diminishing Returns?

All, Thanks for the feedback. We will continue the behavioral practices, but probably won't pursue any major improvements. The only change we may make is adding some type of outdoor shade to one of the bedroom's windows. The sun constantly hits those windows and makes the room an oven in the summer....
by mirror
Tue Jun 28, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: Dog attacked by another dog
Replies: 91
Views: 6242

Re: Dog attacked by another dog

You seriously have a better chance of being hit by lightening than you do of contracting rabies. You probably have a ten times better chance of dying from a bee sting than rabies. Not sure who said anything about dying from rabies. Even if the dog does not have rabies, if it is not recent on shots ...