Search found 850 matches

by scubadiver
Wed Jan 16, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 847
Views: 43515

Re: John Bogle is dead at 89

The world saw the passing of a truly great man today.

Rest in peace Sir.
by scubadiver
Thu Jan 10, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Newspapers / News Subscriptions
Replies: 19
Views: 643

Re: Newspapers / News Subscriptions

The WSJ print and digital.
by scubadiver
Wed Jan 02, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Best Way to get rid of leaves
Replies: 77
Views: 7657

Re: Best Way to get rid of leaves

How many years does it take for leaves in a pile to decompose? It looks like I have a 3 foot by 20 foot pile behind my fence, and want to make sure they will go away eventually or I better figure out something else to do with them. I'm sure it depends upon climate and other factors, but from my exp...
by scubadiver
Mon Dec 31, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1054

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

Unless I missed something, the only partially articulated question that I saw in your posting was in the subject line, "Roll Over my 401k plan to New Employer's 401k? or Not?" My response, based upon the stated expense ratios for the funds in your current employer's 401k offering is, "good Lord, no!...
by scubadiver
Sun Dec 30, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to a 529?
Replies: 43
Views: 3277

Re: Contributing too much to a 529?

Are you maxing out tax-advantaged retirement savings opportunities (401k, 403b, IRA, etc)? If no, I would max those out before saving for college. The rationale here is that if you can max those accounts out and keep doing that, when your child goes to college simply scale back retirement savings an...
by scubadiver
Sun Dec 30, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: Looking for recommendations on a family SUV.
Replies: 63
Views: 2520

Re: Looking for recommendations on a family SUV.

Has anyone bought a new or used car through the Costco Auto Program? I like the no haggling but is it actually a good deal? I have not used Costco, but have previously purchased a used car through CarMax. Overall, that was a very positive experience. I found their prices to be fair and they offered...
by scubadiver
Sun Dec 30, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Looking for recommendations on a family SUV.
Replies: 63
Views: 2520

Re: Looking for recommendations on a family SUV.

I have a 2003 Toyota 4Runner. It still has under 100k miles on it because I had a work vehicle for many years. It is built like a tank and withstood an accident where I was rear-ended by a pickup truck. It sustained about $300 in damage, whereas the other vehicle was towed away. So it is almost 16 ...
by scubadiver
Mon Dec 17, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for Home Down Payment
Replies: 12
Views: 1318

Re: Saving for Home Down Payment

Welcome to the forum and congrats on realizing the value of getting your finances in order at the young age of 28. As far as books go, I recommend The Four Pillars of Investing , by William Bernstein and anything by Jack Bogle. Scubadiver P.S. Pay off the CC now and let the pain of seeing $5K evapor...
by scubadiver
Thu Dec 13, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Evaluate Giving
Replies: 15
Views: 1220

Re: How to Evaluate Giving

We donate almost exclusively to local charities. My personal favorite is a food pantry that my aunt runs through her church. Other charities include the local volunteer fire department, zoo, library and music school. I have very high confidence that 100% of those funds go towards benefiting the less...
by scubadiver
Sun Aug 26, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22547

Re: Did you celebrate when you finally hit $1m?

We did not celebrate hitting the $1M milestone I do however recall celebrating years ago, shortly after I got out of grad school, when my net worth reached zero. I even recall joking with several of the senior engineers in our group (who had been advising me to save and save often) that after all th...
by scubadiver
Fri Apr 06, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 1046

Re: Work Travel and State Payroll Taxes

Finally, I recommend seeking the expertise of a qualified tax professional to prepare your tax returns given your situation. These tax returns can often be a bit challenging even for a seasoned tax professional. Good luck with the new opportunity. Thank you for the helpful links and yes, I will abs...
by scubadiver
Fri Apr 06, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 1046

Re: Work Travel and State Payroll Taxes

Their tax department is both speedy and aggressive when they believe you owe money, and are very aggressive with residency audits. This is the part that frightens me and I want to steer clear of any real or perceived impropriety. I will certainly keep good records and with any luck will not find my...
by scubadiver
Thu Apr 05, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 1046

Re: Work Travel and State Payroll Taxes

Thanks for the helpful responses. The two states in question are VA and NY, VA being the state of origin. Unfortunately, my employer lacks the agility to respond to specific periods in one state vice another, so once I set the state that my payroll taxes will be deducted for, that's not likely to ch...
by scubadiver
Wed Apr 04, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Work Travel and State Payroll Taxes
Replies: 11
Views: 1046

Work Travel and State Payroll Taxes

An opportunity is developing for me through my employment that will place me in a position for substantial long term business travel to another state over the next couple of years. My expectation is that I will have to pay state income taxes in both states under the umbrella of a full or partial yea...
by scubadiver
Fri Dec 29, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 8308

Re: Can I afford a $600-650k house?

The good stuff first: For only 26 you are doing well. It looks like you may have had a little family help over the years, but all in all, you're up and running on your own quite well. The not so good stuff: You're burning money like crazy. By your own reporting, you will make ~$185K this year throug...
by scubadiver
Fri Dec 29, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Hyundai quality and reliability
Replies: 41
Views: 4715

Re: Hyundai quality and reliability

We have a 2009 Hyundai Santa Fe with ~130K miles. Original owners. My wife loves the car. Overall, the car has been extremely reliable and my wife has requested that when we replace this car, that it be with another Hyundai.
by scubadiver
Fri Dec 29, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 8906

Re: The Economics of a new Puppy

To the OP's question, we get our dog food at the local privately owned pet store. It's a couple bucks more per 30lb bag than pet smart, but I actually get to meet the person who is making that money off me when I buy it. I understand the stigma of it and frankly it makes sense, but we bought one any...
by scubadiver
Tue Dec 26, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5780

Re: how to "know" what asset allocation is right? (crypto windfall)

Wow, congrats! Well played. I believe others have suggested one or more of these in various forms, but I will further endorse those recommendations: (1) Keep a low profile (2) Start with 50/50 stock / bond allocations and let it ride for a while (say two or three years) just to see how it feels. Slo...
by scubadiver
Tue Dec 26, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 8009

Re: car thread- too much money?

Two things strike me about this thread: (1) The OP wants to retire in 20 years. Ok, nothing wrong with that, save for the fact that his current net worth is $-300K. Doctor's salary or not, 20 years doesn't leave much runway to benefit from compounding returns, so the necessary retirement savings are...
by scubadiver
Fri Dec 22, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paid Off $340K in Student Loans in 4 Years!
Replies: 21
Views: 2022

Re: Paid Off $340K in Student Loans in 4 Years!

Well done! Congratulations.
by scubadiver
Sat Nov 04, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 7018

Re: College student... Financial mess... Need advice...

Try to make a deal with the landlord as someone else suggested. Maybe offer to pay two or three months of your half of the rent and forfeit the security deposit. If the landlord agrees, then offer your ex $1K to find a new apartment by the end of the month. Help her pack and move if you have to. It ...
by scubadiver
Sun Oct 22, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: For newer two comma club members
Replies: 2
Views: 1245

Re: For newer two comma club members

I have been tracking our net worth in quarterly increments since we got engaged in '04. The spreadsheet I use captures total assets, total debts and of course the net result of those two. It's been fun to look back at that now that we have 13+ years of results. In the very first quarter, our net wor...
by scubadiver
Fri Sep 08, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 82
Views: 8549

Re: Do I need an Amazon Echo??.....

I'm going out on a limb here...No, you do not need an Amazon Echo.
by scubadiver
Sat Aug 26, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 8727

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled....
by scubadiver
Sat Aug 26, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 8727

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled. ...
by scubadiver
Sat Aug 26, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 62
Views: 9850

Re: Lowes vs Home Depot

Neither. I go to the Ace Hardware that is owned and operated by the parents of one of my daughter's classmates.
by scubadiver
Sun Jul 16, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Rent or Buy in Las Cruces, NM
Replies: 12
Views: 1696

Re: Rent or Buy in Las Cruces, NM

Another vote for renting.
by scubadiver
Wed Jul 12, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 100k milestone
Replies: 49
Views: 7613

Re: 100k milestone

31

Currently in early 40s and about one more good day in the market shy of two commas.
by scubadiver
Wed Jul 12, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off >$200k Income Based (IBR) student loan?
Replies: 13
Views: 2540

Re: Invest or pay off >$200k Income Based (IBR) student loan?

Welcome to the forum! Were I in your shoes, my priorities would be: (1) Put $20k towards student loans (2) Max 401k space, both his and hers (Recommend due to federal tax bracket and home state of CA) (3) Put all additional funds towards student loans. I'm somewhat conflicted on (3) as there is a ca...
by scubadiver
Mon Jul 03, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 10255

Re: Can you share some of your financial goals?

To have the winning combination in Tuesday night's MegaMillions jackpot.

That and maintain current savings plan so as to be able to fully fund children's college education and retire no later than age 62.

Scubadiver
by scubadiver
Sun Jul 02, 2017 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 8625

Re: Should I move abroad to minimize health care costs?

OP is worried about healthcare costs draining his nest egg? What nest egg? The OP is 40 and barely has anything worth mentioning in retirement savings on a salary of $120K per year. Yes, poverty in old age is a very real risk here, but not because of healthcare costs, just good old fashioned lack of...
by scubadiver
Wed Jun 28, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 18718

Re: How did you handle the costs of your child's wedding?

My wife and I did not receive any financial support for our wedding. In all, we spent approximately $19K for the wedding, honeymoon, engagement ring and wedding bands. Ok, $19.3K if you count the $300 to replace the wedding band I lost scuba diving in Cancun (to-date, that remains the most expensive...
by scubadiver
Sun Jun 25, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 96
Views: 18577

Re: Can we/should we afford a $2M house?

1. In these builder situations, when is the earliest I can lock in a mortage and should I lock in a rate now or wait? The builder's have their own mortage company, but, obviously, I want to shop around 2. Assuming our rate of savings at least 40K/month continues, we would have more cash at hand. Th...
by scubadiver
Sun Jun 25, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Worthwhile TV programming?
Replies: 55
Views: 5754

Re: Worthwhile TV programming?

No doubt there is a lot of crap on Netflix.

I do recommend you give Sons of Anarchy and Shameless a try. DW and I finished Sons of Anarchy last year and enjoyed it tremendously. Slowly working our way through Shameless now. Both shows are spectacular in my opinion.
by scubadiver
Fri Jun 23, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 5684

Re: New Baby - Wife stay at home for 1 year?

You can definitely afford it, and it's a very valid lifestyle choice. Just a warning though - she's not going to want to go back to work. I am 33 and have seen this happen with several friends, and I've read many articles about the trends as well. Most women who stay home plan for it to be a short ...
by scubadiver
Mon Jun 19, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 4306

Re: What Is The Right Amount For An Emergency Fund?

Our cash emergency fund is about 5 months of expenses. If I really needed to, there's easily a years worth of additional expenses that I could cover out of our Roth accounts with no penalty for early withdrawal and even under a 2008-9 market crash scenario. While I would obviously prefer not to do t...
by scubadiver
Thu Jun 15, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Does anyone read the Wall Street Journal?
Replies: 58
Views: 10431

Re: Does anyone read the Wall Street Journal?

Yes, I have a print and on-line subscription.
by scubadiver
Thu Jun 15, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 90
Views: 9818

Re: Have you canceled cable?

Ya, I remember learning about this "cable" thing in history class. I think it was something that my great grandparents had.
by scubadiver
Sun Jun 11, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 2021

Re: Is it safe to prepay a Navient loan payment?

And if Navient is properly calculating the resulting change in amortization, everything should be fine. It's that last "if" I'm nervous about, given their history. There is no amortization calculation to do. Your monthly payment remains the same, you'll just pay the loan off sooner given the lump s...
by scubadiver
Sun Jun 11, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to prepay a Navient loan payment?
Replies: 10
Views: 2021

Re: Is it safe to prepay a Navient loan payment?

Autopayment with Navient? You're more trusting than I am. Back in the day, I had several student loans under a program where, after so many on-time payments, my loan rate was reduced to 2.5%. Of course, I satisfied that requirement and enjoyed the 2.5% interest rate for a number of years. Then two t...
by scubadiver
Mon Jun 05, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5944

Re: New Milestone

Zillow aside, congrats!!! I was over 50 when I got a second comma for net worth :( (I use what might be considered excessively conservative estimates for real estate value though). At barely 53 I've yet to get my second comma for financial assets alone, hopeful of getting there by 55 though as I'm ...
by scubadiver
Sat Jun 03, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5944

Re: New Milestone

Congrats! I'm less than $12K myself from hitting that milestone and actually would be past it if I used a more realistic value for my home - not Zestimate crazy, just realistic. Anyway, remember, the market giveth and the market taketh away. That said, you should enjoy the success of reaching a majo...
by scubadiver
Mon May 29, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 10527

Re: When does Saving become missing out on life?

Try not to think of saving vice happiness as either-or propositions. Saving is important unless you plan to work until you die and are fortunate enough to be physically and mentally able to do so. But family and friends are more important and if you are neglecting them in favor of savings, then you ...
by scubadiver
Wed May 03, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 5836

Re: Is 401k loan really a bad idea?

I look it as "spending pre-tax dollars now in exchange for investing post-tax dollars in the future AND paying interest with post tax dollars then paying income taxes on that money in the future". So, if I get a $50K loan from a bank, is that not also pre-tax? I mean, uncle sam doesn't take a cut o...
by scubadiver
Wed Apr 26, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 24974

Re: Any regrets living a frugal life for high income/high networth individuals?

Why do you to wait until retirement to spend time with the important people in your life? Nailed it! How did you know that as a matter of principle, I refuse to spend time with the important people in my life until I retire? :oops: Perhaps I just have a simpler definition of what it means to spend ...
by scubadiver
Wed Apr 26, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 24974

Re: Any regrets living a frugal life for high income/high networth individuals?

If I'm going to splurge, I would splurge on early retirement. There is absolutely nothing material that I need which I do not already have and if I was given a million dollars tomorrow, I would just save it so I could by my early retirement sooner. I would much rather spend $$ to buy me time with my...
by scubadiver
Mon Mar 06, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 5251

Re: How much do you spend on "stuff" for kids?

You didn't address my earlier question. You mentioned that "funding their b-day parties" was their only gift from you. What did their parties consist of and how much did you spend on them? Am I under cross examination? Truth: I don't remember the dollar amounts. Our 4-year old's party was at Chuck ...
by scubadiver
Mon Mar 06, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 5251

Re: How much do you spend on "stuff" for kids?

It is not extremely unusual in my community. Birthday parties today are usually held at some sort of event space (jumpy house place, trampoline place, museum, etc.). And parents are expected to buy small gifts for each kid who attends the party. It's very expensive (and nuts, IMHO). After shelling ...