Search found 333 matches

by fasteddie911
Thu May 28, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 244
Views: 12431

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

The environment and social influences are probably the biggest factor for me, which of course can affect academic performance and learning. However, it can also be a double-edged sword. I've learned that a lot of local private high schools have issues with mental health, stress and anxiety among the...
by fasteddie911
Wed May 27, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 244
Views: 12431

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

To some, possibly $20k/yr tuition is still keeping up with the Joneses, or for others 20k/yr school is "bad" school. I get it though. Folks around me often equate private=good, public=bad. When pressed, few are able to provide reasonable answers why they think that. It's often because of a single an...
by fasteddie911
Sat May 23, 2020 6:44 am
Forum: Personal Investments
Topic: Superfund 529 plan right now?
Replies: 11
Views: 1150

Re: Superfund 529 plan right now?

I'd lean towards a taxable due to the unknown future of your college expenses and to maintain some flexibility in these uncertain times. Presumably the existing 100k in total, or 50k per child, would seem to cover 4yrs of most in-state tuition (not room and board) at today's prices. If invested in t...
by fasteddie911
Wed May 20, 2020 9:31 am
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2475

Re: Potential relocation, how concerned should I be with a 4/10 school?

I concur with everyone regarding academic success being heavily influenced by parents. I've started researching our local schools as well and that seems to be the case when looking at ratings vs students on reduced lunch or ESL. I also look at the niche and schooldigger for comparisons sake. Our dis...
by fasteddie911
Tue May 19, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4622

Re: How did you determine your target savings rate?

I think it's a balancing act and an iterative process. Balancing desired lifestyle and spending vs retirement goals (age, amount, lifestyle, etc.). From the numbers you gave, you seem to be in a good place and maybe could open the purse strings a little. But the concern would be lifestyle inflation,...
by fasteddie911
Mon May 18, 2020 5:35 am
Forum: Personal Consumer Issues
Topic: Getting the sizing right for online clothing purchases
Replies: 6
Views: 530

Re: Getting the sizing right for online clothing purchases

I tend to buy clothes online only if I'm confident about that particular brand's sizing, fit, etc. or if there's a easy way to return. Clothes sizing and fit is a crapshoot. Same size between different brands vary. Even within same brand I've seen variable fit. Given measurements, the cut, drape, et...
by fasteddie911
Fri May 15, 2020 5:39 am
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1488

Re: Excess money in taxable vs 529?

Similar situation. No State tax benefit. We're leaning towards a lump sum 529 contribution equivalent to 4yrs of current in-state tuition and letting it ride. We had been thinking of foregoing a 529 and doing taxable. The inflexibility of a 529, unknown future of college or our kids aspirations all...
by fasteddie911
Thu May 14, 2020 9:14 am
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1488

Re: Excess money in taxable vs 529?

Similar situation. No State tax benefit. We're leaning towards a lump sum 529 contribution equivalent to 4yrs of current in-state tuition and letting it ride. We had been thinking of foregoing a 529 and doing taxable. The inflexibility of a 529, unknown future of college or our kids aspirations all ...
by fasteddie911
Tue Apr 28, 2020 6:34 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19857

Re: Why am I even saving for retirement?

I save for a lot of reasons folks have suggested but at a certain point I save because I don't know what else to do with the money. We don't spend a whole lot, don't have many needs or desires. We live a fulfilled life. Instead of going from saving to spending, I'd rather cut back on work.
by fasteddie911
Sat Apr 25, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13344

Re: Coronavirus Flight Cancel Thread

We have a direct flight booked for June with United. This route has been canceled for April and May, but there are still non-direct flights to the same destination. If my direct flight ends up getting canceled for June, will they likely put me on a non-direct flight? If so could I still cancel and g...
by fasteddie911
Sat Apr 25, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate Term Life Terms - couple in 30s
Replies: 88
Views: 3931

Re: Appropriate Term Life Terms - couple in 30s

We went with the single 30yr term. We ran our own numbers, considering current/future savings, expenses, college, mortgage, SS survivor benefits, DI coverage, etc. We considered 20 vs 30yr and laddering too. In the end you just never know what the future holds so we just went for the longer term.
by fasteddie911
Wed Apr 22, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4364

Re: Advice on buying a weekend car

Go for it. Life is too short and meant to be enjoyed. Seems like you can afford it. If it doesn't work out you can always sell it and consider it a lesson learned. As long as you don't keep buying and selling cars you'll be ok. Only hesitation would be the current economic outlook, job security, etc...
by fasteddie911
Tue Apr 21, 2020 5:38 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6157

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

Assuming you're referring to only hybrid versions. We're actually considering a hybrid corolla for my wife's commuter car in the near future. If regularly carrying people/kids, I'd lean camry though hate the body style. I'd only consider the prius prime for its plug-in capability but don't like the ...
by fasteddie911
Sun Apr 19, 2020 6:11 am
Forum: Personal Finance (Not Investing)
Topic: How Much Disability Do You Recommend For My Situation?
Replies: 15
Views: 795

Re: How Much Disability Do You Recommend For My Situation?

I agree max amount seems too much. I'm not sure if there's a minimum you have to accept. I assume you have COL rider. I'd sit down and crunch the numbers on how much you actually need if you were to become disabled, adding in cost for health insurance (if your employer currently pays for it), medica...
by fasteddie911
Sun Apr 19, 2020 5:56 am
Forum: Personal Consumer Issues
Topic: Expecting Child #1 - Cost Saving Ideas?
Replies: 55
Views: 2110

Re: Expecting Child #1 - Cost Saving Ideas?

Baby's don't need a whole lot. People will gift you a lot of things. I'd hold off on buying something until you truly need it as there's a lot of fluff out there. We did costco brand formula and diapers and it was fine and that's pretty much the only regular spending we had.
by fasteddie911
Wed Mar 25, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14396

Re: What have you learned from this situation that you will take action on?

I now prefer a taxable account for college saving over 529 plans. I like 529s, they are a great vehicle for education savings. However, 529 plans feel like quite the luxury when your job is at risk. Taxable accounts are far more liquid and functional. Feel the same, for awhile now. I am likely doin...
by fasteddie911
Tue Mar 24, 2020 9:36 am
Forum: Personal Consumer Issues
Topic: College, pick rank #5 for 34k or #24 for 16k
Replies: 20
Views: 2033

Re: College, pick rank #5 for 34k or #24 for 16k

Option 2 by far, and save/invest the difference. That spread in ranking is relatively minimal.
by fasteddie911
Mon Mar 23, 2020 7:36 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 3079

Re: How are you supporting your community?

Doing take out from restaurants and breweries more than we would otherwise.
by fasteddie911
Sun Mar 22, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Corona and the “barebones” budget
Replies: 45
Views: 5921

Re: Corona and the “barebones” budget

I guess our budget was barebones already. Our spending hasn't changed much except we're spending less on groceries, just focusing on grocery essentials and minimizing grocery store visits overall. But also spending more on take out to minimize grocery store visits and support local businesses.
by fasteddie911
Tue Mar 17, 2020 9:48 am
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6554

Re: Take out food vs COVID 19

We'll keep doing takeout and support local businesses while also trying to avoid grocery stores here and there. Though, maybe we'll hold off on something like salads or foods that sit out. Certainly we're aware of the risks though we're not in a high risk category. I tend to have faith in our food s...
by fasteddie911
Sat Mar 14, 2020 6:05 am
Forum: Personal Consumer Issues
Topic: Transitioning weightlifting from gym to home
Replies: 20
Views: 1234

Re: Transitioning weightlifting from gym to home

If it's temporary I wouldn't put much money or effort into it. Just set yourself up a pullup bar and do other bodyweight exercises.
by fasteddie911
Tue Mar 10, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Signed a new job contract - realized I could have get a higher salary
Replies: 47
Views: 4323

Re: Signed a new job contract - realized I could have get a higher salary

I wouldn't beat yourself up over it. We're talking about a few thousand. I'm not sure if you did an apples-to-apples comparison compared to friends and if other benefits and analysis may actually show you got a more favorable deal, or worse. Nevertheless if it was your best offer then there's not mu...
by fasteddie911
Wed Mar 04, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Making public vs. private high school decision
Replies: 59
Views: 3333

Re: Making public vs. private high school decision

We debate the same thing for similarly priced private school. In your situation, public school no question. Save that $120k and invest that for her college, downpayment, retirement, etc. I'd bet that'll go much further than whatever the private school may offer. She seems to have a good situation an...
by fasteddie911
Thu Feb 27, 2020 9:42 am
Forum: Personal Investments
Topic: Investment account for kids
Replies: 31
Views: 2590

Re: Investment account for kids

Instead of 529 or UTMA, we're doing a taxable in our name to be spent on us, our child and/or passed down to them in the future. I prefer the flexibility that it will provide as opposed to being "locked up" in another account. Anything can happen in the future, job loss, forced retirement, health or...
by fasteddie911
Wed Feb 26, 2020 6:54 am
Forum: Personal Consumer Issues
Topic: Yellowstone trip beginning of June
Replies: 23
Views: 2069

Re: Yellowstone trip beginning of June

We did this same exact trip a few years ago. We took I-15 to get there as quickly as possible, stayed in West Yellowstone, drove to Jackson, then took the scenic route back via 89 stopping at Bear Lake for a raspberry shake, then thru Logan. For Yellowstone, we only had 2 full days so we did the nor...
by fasteddie911
Tue Feb 25, 2020 7:42 am
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5705

Re: Car shopping PHEV / ICE / or all electric?

We're eyeing the rav4 prime due out this Summer supposedly. What are your other needs or desires? Luxury, cargo, longevity, cost, driving range, environmental friendliness? We drive slightly more than you do but feel the PHEV is adequate. Could also consider buying something used to bide your time.
by fasteddie911
Mon Feb 24, 2020 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What To Do? Home Purchase
Replies: 15
Views: 1802

Re: What To Do? Home Purchase

Do you plan on having kids? Do you actually want to buy or feel like you "should"? Do you plan on staying in the area long term? I'd start house shopping now and take your time to find the right house. Financially you can do pretty much anything. Payoff loans now if you wish. What's the details of y...
by fasteddie911
Sat Feb 22, 2020 7:22 am
Forum: Personal Consumer Issues
Topic: Do You Have a Long Term Travel Strategy?
Replies: 67
Views: 5982

Re: Do You Have a Long Term Travel Strategy?

We too think about our future travel w/ kids now in the picture, though not quite as detailed as you have. We knocked out a lot of our bucket list prior to kids. So travel for now will be just to get away, family trips, etc. Definitely now when they're little it's not worth the effort for us to do m...
by fasteddie911
Sun Feb 16, 2020 7:47 am
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3544

Re: How big of a car do you need for a kid and his/her stuff?

I can't imagine any reason why you'll need more cargo space for the next few years. You'll figure things out and make whatever you have work. Whether it's packing lighter, cargo box, renting something bigger, etc. No sense in buying a car for the handful of times you'll potentially use all the space.
by fasteddie911
Thu Feb 13, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Out of State Colleges - Good Computer Science Bargains?
Replies: 65
Views: 4548

Re: Out of State Colleges - Good Computer Science Bargains?

Those CSU issues may be issues elsewhere too. When I took summer classes at UH Manoa years ago I had plenty classmates that couldn't get the class during the regular school year, were on track to graduate in 5yrs, etc. Personally I'd choose your in-state options. Barring scholarships, WUE, etc., UC ...
by fasteddie911
Tue Feb 11, 2020 10:31 am
Forum: Personal Consumer Issues
Topic: Thoughts on buying cheap, used, short range EV
Replies: 87
Views: 5290

Re: Thoughts on buying cheap, used, short range EV

I'm in a similar boat and considering the leaf. I second the nissan leaf forum referenced above, great resource. From what I've briefly gathered it should meet your needs just fine, especially the 2015+ models.
by fasteddie911
Fri Feb 07, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should We Buy A House
Replies: 17
Views: 1853

Re: Should We Buy A House

You're right, it absolutely is a personal decision, a lifestyle decision too. I think your numbers look fine. I'm not sure how many years it would set you back for FI, it doesn't seem like much. Your plan (college, retirement, etc.) seems good to me and similar to ours. I'd go for it. I'm sure you k...
by fasteddie911
Fri Feb 07, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: 22 year old - Should I focus more on saving for a house or retirement?
Replies: 41
Views: 3168

Re: 22 year old - Should I focus more on saving for a house or retirement?

Max retirement accounts, save the rest and keep renting and stay flexible. Life can and will happen. You may move for a job or spouse, go back to school, get married, have a kid, lose a job, etc.
by fasteddie911
Tue Feb 04, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a bigger home -- or should I buy a bigger home? (Bay area, CA)
Replies: 41
Views: 3980

Re: Can I afford a bigger home -- or should I buy a bigger home? (Bay area, CA)

I'd do #1, but I'm also someone who doesn't need space. How big are we talking about here and what do you need space for? I'd rather have that money in my accounts or on hand. I'm not sure how secure your job or income is. Moreover, for just potentially 7-8yrs I'd feel even less inclined to do so.
by fasteddie911
Sat Feb 01, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1286

Re: Medical Coding/Billing

99214 for what you describe sounds appropriate and likely the other doctor was under-billing, good for you but not for them. It's not hard to reach the higher levels of care and I don't think many doctors use the time component but rather complexity, history, exam, etc. You can look up 99214 coding ...
by fasteddie911
Sat Feb 01, 2020 9:46 am
Forum: Personal Investments
Topic: When to stop taxable contributions for the goal of paying off mortgage?
Replies: 19
Views: 1870

Re: When to stop taxable contributions for the goal of paying off mortgage?

I think size of retirement/taxable accounts would be a factor for me. You mentioned the size of your brokerage account but not retirement account. If I had a tiny retirement account and savings overall I'd feel inclined to pad those before mortgage. Though I have no clue at which amount of savings I...
by fasteddie911
Fri Jan 31, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase: When does it make sense?
Replies: 34
Views: 1991

Re: Home Purchase: When does it make sense?

Hard to answer the question without knowing what "affordable" rent even means. $500k move-in ready house is very affordable to me and is not HCOL.
by fasteddie911
Sat Jan 25, 2020 7:16 am
Forum: Personal Consumer Issues
Topic: Baby registry "must haves"?
Replies: 64
Views: 3291

Re: Baby registry "must haves"?

I think you just need worry about having enough for the baby to eat, sleep, poop and be warm/clothed. Even if just for the first few days. Everything else can figure out and buy as you go. You'll figure out your system, what works and doesn't work and go from there. For example, we hardly used our s...
by fasteddie911
Sat Jan 25, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 356
Views: 37928

Re: Anyone Deleting Facebook?

Opened an account in its infancy and deleted it a year later. I never got into it or saw much value. What sealed the deal for me was when people I barely knew or didn't even talk to in high school, but only knew in name, started friending me. We weren't friends in real life why would we be friends o...
by fasteddie911
Sat Jan 25, 2020 7:03 am
Forum: Personal Consumer Issues
Topic: Amount of cash wedding gift?
Replies: 57
Views: 4759

Re: Amount of cash wedding gift?

Minimum $100/pp if we're going. If not going, it varies but certainly less than $100/pp.
by fasteddie911
Wed Jan 22, 2020 6:50 am
Forum: Personal Consumer Issues
Topic: [Used] car philosophy
Replies: 23
Views: 1634

Re: User car philosophy

For your situation, I'd have no issue buying a car with 75k miles, even pushing 100k. I'm actually considering doing this in the near future for our second, less used car. If it's a reliable model, well taken care of, it could very well last to 150k, which is another 5-10yrs at your usage rate. Aver...
by fasteddie911
Tue Jan 21, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Renting short-term/long-term when you have a child
Replies: 15
Views: 740

Re: Renting short-term/long-term when you have a child

I don't think rent vs own necessarily determines stability. I don't think kids would know the difference. I've lived in managed rental apartment complexes that felt like a very stable, long-term housing option. I had neighbors that had been living there for over a decade and plenty families lived th...
by fasteddie911
Sat Jan 18, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: Irrational Fear of Injury in Small Car?
Replies: 124
Views: 8082

Re: Irrational Fear of Injury in Small Car?

sergeant wrote:
Wed Jan 08, 2020 10:16 pm
I have investigated thousands of traffic accidents and I'm a court certified expert in traffic accident reconstruction. I bought my daughter a small, new car two years ago and have no worries.
Care to elaborate? Genuinely curious as someone considering a small car.
by fasteddie911
Sat Jan 18, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5029

Re: Life advice for recent graduate

Save but live a little, travel, etc. We went strongly in the save direction early on and wished we would've opened up the purse strings a little bit. We've since done so. Certainly plenty folks go strongly in the spend direction.
by fasteddie911
Sat Jan 18, 2020 7:22 am
Forum: Personal Consumer Issues
Topic: Mazda CX-5 - seat comfort question?
Replies: 41
Views: 3346

Re: Mazda CX-5 - seat comfort question?

Comfort is very subjective. We have a 2016, are average height and find the car perfectly comfortable and has served our needs well without any issues. I doubt the newer models are much different. We've done 6hr drives with no issues. Maybe our standards are different having come from other older ec...
by fasteddie911
Wed Jan 15, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 60313

Re: What is/ was your career and would you recommend it now?

I find it interesting that so many physicians here seem to recommend avoiding medicine. I'm an accounting/finance major who worked in transaction advisory at a Big 4 firm for a couple of years and am now taking science prerequisites to apply to medical school next year. Accounting ended up not real...
by fasteddie911
Mon Dec 30, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer
Replies: 45
Views: 4188

Re: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer

The floor and security of medicine is what makes it attractive. Most med school grads shouldn't have trouble finding a job paying at least $200k in most parts of the country. I'm not sure what it's like for the other fields.
by fasteddie911
Sun Dec 01, 2019 7:09 am
Forum: Personal Consumer Issues
Topic: On Boots: Chukka, Chelsea and brands
Replies: 14
Views: 1838

Re: On Boots: Chukka, Chelsea and brands

You'll probably get better responses on reddit, styleforum, etc. I like both chukkas and chelseas but have drifted over to chelsea boots lately mainly due to ease of getting on/off. I think either can be versatile and depends more on the individual shoe. There can be casual or dressy versions of eit...
by fasteddie911
Fri Nov 29, 2019 6:38 am
Forum: Personal Consumer Issues
Topic: Birthday/Christmas presents for new in-law?
Replies: 11
Views: 1118

Re: Birthday/Christmas presents for new in-law?

We exchange Christmas gifts with our parents, not birthdays though. I get an individual gift from my in-laws (clothes usually) and my parents usually give us a gift card to be shared. We do the same in return for them, either a group gift or individual gifts.
by fasteddie911
Mon Nov 25, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Retirement age for planning purposes
Replies: 41
Views: 3245

Re: Retirement age for planning purposes

I use age 55. That's when kids will be college aged and/or more independent. It's about the age where our tax-advantaged accounts alone could carry us thru retirement (assuming SS at age 70). For now, it's the age I'm mentally comfortable ending a steady income, living off a portfolio and bridging t...