Search found 559 matches

by Strayshot
Thu Jul 11, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 17533

Re: How much should I have saved for retirement by age 40?

I have never found a lot of value in the relationship between age and savings for retirement because there are far too many variables and individual circumstances to make them meaningful. I think that (assuming the investor has determined a reasonable asset allocation for their risk tolerance and re...
by Strayshot
Tue Jul 09, 2019 8:52 pm
Forum: Personal Investments
Topic: 34yo, baby on way, leaving expensive financial advisor... Please Help!
Replies: 27
Views: 2527

Re: 34yo, baby on way, leaving expensive financial advisor... Please Help!

What kind of family would point someone to a criminal robbing them of 1.75% AUM? Wow. Or did you mean family in the mafia sense of the word? Congrats on fatherhood kicking you in the pants and taking control of your finances. I can’t add much other than to remember to look at your asset allocation a...
by Strayshot
Fri Jul 05, 2019 10:17 pm
Forum: Personal Investments
Topic: I'm beside myself about my dad's investment account
Replies: 32
Views: 5422

Re: I'm beside myself about my dad's investment account

Sounds like he is in fixed income and getting 1-3% over the last few years minus what is probably 1%+ for the “advisor”. Fire the advisor and double your return.
by Strayshot
Wed Jul 03, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 10486

Re: Staying the course is so hard (support thread)

So you want to stay locked in to working all the time so you can pay for a nice large house that you are never at?

Finance aside, this seems unappealing.

Edited to add that if you are feeling cramped in a 2400 sq ft house you may want to reevaluate your stuff that is taking up space..........
by Strayshot
Mon Jul 01, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Intentional Divorce to avoid Marriage Penalties in tax code?
Replies: 54
Views: 4863

Re: Intentional Divorce to avoid Marriage Penalties in tax code?

I can’t fault anyone for thinking this way because I once thought this way. The introduction of the TCJA and elimination of the largest “marriage penalty” in the large discrepancy between progressive taxation rates single vs married was enough to satisfy me and table the issue from further considera...
by Strayshot
Tue Jun 25, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4148

Re: Favorite mountain lodge destinations in the west?

No idea if it is a days drive from Portland, but the Lake Quinalt Lodge in Olympic is absolutely amazing. Great food, very peaceful and scenic. I went in 2010 and am dying to go back......
by Strayshot
Sun Jun 23, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Marriott Bonvoy Bold Card
Replies: 9
Views: 865

Re: Marriott Bonvoy Bold Card

I agree with other posters that if you are going to get a Marriott card, get the annual free night that more than makes up for the annual fee. I don’t actually use any of my chase or Amex Marriott cards for any spending as I get more value out of other cards (sapphire reserve and citi prestige) for ...
by Strayshot
Sun Jun 23, 2019 8:31 am
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 4680

Re: Do you Casino? What do you play? Have you won?

Love to play craps. Played my first Vegas craps game when I was 21. And I've continued playing for 40+ years. I love the thrill of the table. You don't have to wager a lot to get that thrill. I was a math major, so yes, I understand the odds. Perfectly. That's part of the thrill. I don't gamble oft...
by Strayshot
Sat Jun 15, 2019 9:04 am
Forum: Personal Investments
Topic: Inheritance quadrupled my portfolio--I need advice
Replies: 13
Views: 2997

Re: Inheritance quadrupled my portfolio--I need advice

If you need 100k a year and have $5M, you can put it in a money market account at 2% and have more than you’ll ever need and you will preserve principal. For that matter, if you need 100k a year and have $5M, you have enough to last you the rest of your life with no real returns on principal (nobody...
by Strayshot
Mon Jun 10, 2019 7:14 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13569

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Don’t pull a Paul Walker! Someone earlier commented that you should start at the top. I disagree. I would find something with mainstream dealer (and parts) support but still a sports car, maybe an Acura NSX or an Audi R8 or a Nissan GTR. Buy new and under warranty, beat it up learning to drive, and ...
by Strayshot
Sun Jun 09, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2039

Re: How to start outsourcing?

[Reply to off-topic remark deleted -- moderator oldcomputerguy] For OP: I agree with others that getting a trainer (expect to pay 1-2$ per minute of that trainers time, so sessions will cost 30-60 dollars per half hour) is valuable. Worked for me, kept things interesting, gave me an automatic gym b...
by Strayshot
Mon Jun 03, 2019 7:01 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14499

Re: You May Never See Your Grandchildren Again

I would say I’m shocked but...............I’m not. At all.

A good reminder that the primary service offered by the financial services industry is to separate you and your money as efficiently and effectively as possible.
by Strayshot
Sat Jun 01, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Fidelity account download [not working]
Replies: 9
Views: 549

Re: Quicken Fidelity account download

Yes something is broke. It isn’t affecting their 401k side of the house, only brokerage/IRA/etc at Fidelity proper.
by Strayshot
Tue May 28, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Need to go back to school, but afraid to stop working?
Replies: 8
Views: 819

Re: Need to go back to school, but afraid to stop working?

I’m with everyone else, you seem like a perfect candidate for a non-traditional graduate degree path. I would not stop working to pursue higher education, I would do classes after work and on weekends as well as over the summer (should work out well if your summer break correlates with a university ...
by Strayshot
Fri May 24, 2019 8:37 am
Forum: Personal Consumer Issues
Topic: Should I buy my leased Subaru Outback?
Replies: 18
Views: 809

Re: Should I buy my leased Subaru Outback?

You “feel” it is overpriced or you “know” it is overpriced? The former is an emotional state with no basis in data, and the latter is a logical state where you have used autotrader.com, eBay.com, and various bluebook sites to look at the distribution of prices for the same vehicle trim, year, and mi...
by Strayshot
Sat May 18, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18256

Re: High net worth, elite private or “good” public

If the fiscal impact is negligible, why not? I went to public school, spouse went to private school. We are both graduate educated and make roughly the same income in different fields. If you were to analyze each of us in a vacuum, my path was infinitely better from a financial standpoint. I have mu...
by Strayshot
Fri May 17, 2019 7:28 am
Forum: Personal Investments
Topic: Thank you Bogleheads
Replies: 4
Views: 1065

Re: Thank you Bogleheads

:sharebeer
by Strayshot
Tue May 07, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 46925

Re: Frugality regret: What thing do you regret not spending on?

I should have spent the $200 back in the early 2000’s to have a driver take me in a couple laps around Daytona at high speeds, should have bought my parents vacation condo instead of letting them sell it, and should have bought a 100 year old bottle of port for $1000 from the vineyard whose name I ...
by Strayshot
Tue May 07, 2019 7:47 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13693

Re: I tried to fire my financial advisor of 12 years today...

OP, You have been a victim of financial abuse for 11 years with your advisors obscene fees. Victims can often feel guilty about the abuse and make irrational decisions, including wanting to continue the relationship with the abuser or being swayed by their arguments that “it won’t happen again”. Cal...
by Strayshot
Sun May 05, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: Where to visit in the Caribbean?
Replies: 19
Views: 2359

Re: Where to visit in the Caribbean?

8 years in a row to St Thomas USVI. Stay at Estate Lindholm if you don’t have kids. Wonderful island, mostly national park. North side is great snorkeling. Rent a car in St Thomas and take the ferry over. Get groceries at the supermarket on the way to Cruz bay for the ferry. If you have the itch, ch...
by Strayshot
Fri May 03, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: More MBDR Questions [mega backdoor Roth]
Replies: 13
Views: 647

Re: More MBDR Questions [mega backdoor Roth]

1. Yes, if that is where you direct them. The common choices are: roll into a tIRA, roll into a Roth IRA and pay tax on the conversion, roll into tIRA and then reroll back into 401K to facilitate regular backdoor Roth. 2.The rush is because the sooner the aftertax money is in the Roth IRA, the soon...
by Strayshot
Fri May 03, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Anybody try Cameron Hughes wine?
Replies: 7
Views: 745

Re: Anybody try Cameron Hughes wine?

I buy direct from them. Excellent wines for a good value. Get a case with 20% off and free shipping.

Best find was a meritage, paid like 20 a bottle and easily worth 80
by Strayshot
Fri May 03, 2019 4:33 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11467

Re: Rarely used items that are worth having?

Stud finder

Water shut off tool for the meter at the street

Roof patch tar that can be applied when still wet

Steri-strips (they close wounds like stitches)
by Strayshot
Fri May 03, 2019 4:23 pm
Forum: Personal Investments
Topic: Retirement investment for a company CEO
Replies: 7
Views: 1097

Re: Retirement investment for a company CEO

Hey OP,
Come back to bogleheads and let us explain how both you and your spouse can utilize backdoor IRA’s...... :sharebeer
by Strayshot
Fri May 03, 2019 4:21 pm
Forum: Personal Investments
Topic: Should I go to a Fidelity Office to Set up Account?
Replies: 39
Views: 2819

Re: Should I go to a Fidelity Office to Set up Account?

Your reason is that DW survives you, you want her to have access to a locally located advisor she can talk to talk to face-to-face. If so, then, in my opinion she should be closely involved in this decision. You shouldn't assume she will want a local advisor, but if she does, then she should go to ...
by Strayshot
Fri May 03, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 46925

Re: Frugality regret: What thing do you regret not spending on?

I should have spent the $200 back in the early 2000’s to have a driver take me in a couple laps around Daytona at high speeds, At Daytona, it seemed like a frivolous expense. It was an awesome experience! I think top speed was 160mph, which was an incredible way to experience how much banking that ...
by Strayshot
Thu May 02, 2019 8:36 pm
Forum: Personal Investments
Topic: Should I go to a Fidelity Office to Set up Account?
Replies: 39
Views: 2819

Re: Should I go to a Fidelity Office to Set up Account?

If I was the person at Fidelity, I would sit you down at a computer and have you open the account. Not exactly sure what you are looking for by doing this. Why not just open the account online and go by the local office to check it out? Are you looking for a reason to be there? Sometimes I go by my ...
by Strayshot
Thu May 02, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 46925

Re: Frugality regret: What thing do you regret not spending on?

I should have spent the $200 back in the early 2000’s to have a driver take me in a couple laps around Daytona at high speeds, should have bought my parents vacation condo instead of letting them sell it, and should have bought a 100 year old bottle of port for $1000 from the vineyard whose name I c...
by Strayshot
Wed May 01, 2019 6:54 am
Forum: Personal Investments
Topic: Retirement investment for a company CEO
Replies: 7
Views: 1097

Re: Retirement investment for a company CEO

Hi, I’m CEO of a midsize company. I offer a matching 401k to my employees but I can’t really fully participate in it as the saturation rate is pretty low and our plan is out of compliance oftentimes because of my contribution. My wife and I are both very highly compensated employees but she can con...
by Strayshot
Fri Apr 26, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6212

Re: Colleague salary comparison

Salary transparency is extremely important, in particular to address the now well-acknowledged gender pay gap. Some people make more, some make less, but if the money is transparent than those setting the salary are held accountable to justify it by the employees crowdsourced peers at the company. Y...
by Strayshot
Tue Apr 23, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8237

Re: What, if anything, do I owe this guy?

Call him and tell him that you met someone who would manage your assets for 4% AUM and you figured that since it would cost more you will be getting much better advice. See what he says. Then mention you were just joking and were going to use Vanguard PAS at .3% See what he says. Then tell him you m...
by Strayshot
Tue Apr 23, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly, even lower opinion of financial planners/money managers
Replies: 67
Views: 5936

Re: Suddenly, even lower opinion of financial planners/money managers

Were you so inspired by the Bogle way that you felt compelled to either start a side hustle, make a career switch, or embark on a post-retirement second career in financial planning? I am so chagrined by the 403b and 403b(7) options available for teachers in our district that I've thought about of ...
by Strayshot
Tue Apr 23, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Taking the new job or not?
Replies: 24
Views: 1133

Re: Taking the new job or not?

You are thinking about trading a working from home for a job for one with a 2 hour daily commute, have two young kids, and would get a 10-15% raise? Insanity! Think about it this way: just to compensate you for the loss of time in commuting (for an 8 hour day) the raise would need to be a minimum of...
by Strayshot
Mon Apr 22, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: 1st job as an MD- contract review
Replies: 16
Views: 2090

Re: 1st job as an MD- contract review

I had Jon Appino from Contract Diagnostics support contract reviews in the past and was very pleased. It was worth it for the money. There is a big difference between large private or educational hospital systems and small group practices. In the case of the former it is nice having someone to just ...
by Strayshot
Sun Apr 21, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2126

Re: Best Credit Card for College Freshman

The kid is 18. Tell them to get a credit card. Remind them that debt is modern day slavery. Tell them to be careful of fees and interest. Share your strategy. Wish them well. 18. They can carry a gun, drive a ship, fly a plane, put out a fire (Army, Navy, Airforce... you get the picture), buy a hou...
by Strayshot
Fri Apr 19, 2019 9:13 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 6672

Re: Fire my financial advisor now or later? (recent windfall help needed)

“She said that by over or underweighting certain sectors of the market based on their research they hope to slightly outperform the market enough to justify the fees.” Snake oil from a typical financial advisor. I hear “their research” and think market timing, I hear “hope” and think gambling, I hea...
by Strayshot
Fri Apr 19, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Dealership vs independent mechanics
Replies: 23
Views: 1637

Re: Dealership vs independent mechanics

Dealers charge by the book and get OEM parts. You won’t get any big discounts, but warranty stays intact and usually quality of repair is consistent because training and oversight of mechanics is consistent. Local shops are a total gamble. Sometimes gambling goes well, sometimes it doesn’t. Lots of ...
by Strayshot
Thu Apr 18, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 8066

Re: I’m a Loser Stuck in a Dead End Job

Assuming credits from your AS are still valid and might cover some required courses, I would look at a BS in computer information systems from university of Houston. Looks like a nice fusion of development and management without some of the harder math, algorithms, and physical sciences in CS that y...
by Strayshot
Tue Apr 16, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 101
Views: 10534

Re: Job Offer Evaluation - FANG

FAANG will work you for the money. If you are young and driven, especially in tech, you are probably putting in the hours anyways because you have no commitments and would just be playing video games otherwise. Levels.fyi is a good salary comparison site for big tech. Accurate as well based on my kn...
by Strayshot
Mon Apr 15, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1889

Re: Financial Priorities - List

Thanks so much for the replies to my earlier question about financial priorities. I came across a list of them, seems to be ranked in descending order of priority. Emergency Cash Reserve Health Insurance Term Life Insurance 401(k): Up to the Employer Match       Bad Debt: Agressive Payoff Plan Heal...
by Strayshot
Sun Apr 14, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Southwest Credit Card?
Replies: 6
Views: 776

Re: Southwest Credit Card?

It’s a good deal for the initial points or companion pass, but after that there is no reason to keep it as the chase reserve and preferred have better earning on points and transfers to southwest are 1:1
by Strayshot
Sat Apr 13, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6394

Re: Soon to be dad, how to prepare

Regarding breastfeeding, my wife tried many times with our kids.... The "lactation consultant" even had her trying some sort of beer drink, it was really just a big joke, esp when she was trying the pumps etc. Finally I convinced her that it wasn't going to work out and just resort formula. If it w...
by Strayshot
Fri Apr 12, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6394

Re: Soon to be dad, how to prepare

Lots of good advice in here. Not sure what to add, other than nothing will prepare you so stop trying. I nearly had a nervous breakdown on a plane reading a dummies guide to being a dad or some nonsense. Get the Dr. Browns microwave bags to sterilize stuff. Very useful and cheaper than the Medela on...
by Strayshot
Fri Apr 12, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 22101

Re: Crypto bulls are back. Are you getting in?

Some people actually built their retirement fund with it, this is not investment advice but owning 1 bitcoin might make some difference decades later. And yes, there are lots of ICO scam coins. For every winner in bitcoin speculation who built a retirement, there were an equal number of losers who ...
by Strayshot
Fri Apr 12, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12972

Re: Can I semi-retire now?

I would wait until your wife has secured new employment and give things a few months to settle out, but yes you can retire. Your wife’s income should cover most expenses and give your nest egg more time to compound.
by Strayshot
Thu Apr 11, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 22101

Re: Crypto bulls are back. Are you getting in?

Me personally, I’m getting back into tulips instead of crypto. It has been a few centuries of a lull, but I really feel like the tulip bulls are back and have seen prices going up a couple cents here and there so there is definitely some movement. In fact, I saw a neighbor plant some fresh bulbs ju...
by Strayshot
Thu Apr 11, 2019 6:42 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 22101

Re: Crypto bulls are back. Are you getting in?

Me personally, I’m getting back into tulips instead of crypto. It has been a few centuries of a lull, but I really feel like the tulip bulls are back and have seen prices going up a couple cents here and there so there is definitely some movement. In fact, I saw a neighbor plant some fresh bulbs jus...
by Strayshot
Wed Apr 10, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 1994

Re: Estimating Future Wealth (Wealth Potential)

Start at 250k, add 15k plus 6% of the total each year for a heavily equities weighted portfolio, figure out where you cross $1M.
by Strayshot
Wed Apr 10, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17964

Re: Bogleheads, why wont anyone hire me?

I have no idea what a healthcare administration degree supports from a skill set perspective (what skills do you have from that degree? Do you know billing and coding? Do you know ICD10 compliance and EMR systems and their implementation? Do you help hospitals and practices negotiate rates with insu...
by Strayshot
Wed Apr 10, 2019 7:46 am
Forum: Investing - Theory, News & General
Topic: Socially Responsible [Investing]
Replies: 58
Views: 3875

Re: Socially Responsible

“Socially responsible” is as subjective as it wants to be. Nothing I have seen in socially responsible investing looks like anything different than active management stock picking. Active management has been demonstrated to underperform index (or broad market) investing with a high probability over ...