Search found 209 matches

by fourkids
Tue Nov 10, 2020 4:55 pm
Forum: Personal Investments
Topic: This is another 'can I stop working now?'
Replies: 16
Views: 2691

Re: This is another 'can I stop working now?'

61yo + good nest egg + healthcare job + Covid = Retire Now
by fourkids
Mon Sep 21, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce - Need Help, California
Replies: 40
Views: 4182

Re: Divorce - Need Help, California

Please try counseling first. Make an appointment today. So many of my 40ish couple friends are going through such hard times this year. The whole COVID situation, stress upon working parents, remote learning stress (ugh), etc. is just too much for couples to handle right now, and we are taking all o...
by fourkids
Mon Aug 03, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance and Covid question...
Replies: 21
Views: 1329

Re: Term life insurance and Covid question...

If it will make you feel better, get it.

Or retire, if you are vested in your pension already- which most teachers are by age 58/62.

Or can you take a year leave of absence? Some friends and families are teachers and have take leaves of absence in the past for non-medical reasons.
by fourkids
Sat May 09, 2020 8:30 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6398

Re: College age kid wrecked his car...

I’d make your adult son(age 20?), figure it out himself.

Or perhaps a used moped or motorcycle? Bumming rides off friends? Uber for farther trips?
First lesson in real adulthood
by fourkids
Thu Mar 05, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Lamenting time lost and squandered opportunities
Replies: 31
Views: 2948

Re: Lamenting time lost and squandered opportunities

Coulda woulda shoulda
If ifs and buts were candy and nuts, we'd all be rich.

Stop looking in the rear view mirror, just move forward.
by fourkids
Sun Feb 16, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic Updates: Retire this summer, with early retirement program, or work another academic year and a half
Replies: 40
Views: 4732

Re: Retire this summer, or work another academic year?

I would lean towards working that extra year, to get that healthcare benefit. That's huge However, try to cut the amount you commute by cutting your work days per week. My spouse is an academic with a long commute also, but always schedules Fridays off. Can you schedule all your classes in 3 days, l...
by fourkids
Sat Feb 15, 2020 9:03 pm
Forum: Personal Consumer Issues
Topic: Retirement: Filling the time?
Replies: 96
Views: 10734

Re: Retirement: Filling the time?

I've read several times recently that: the single biggest determinant to long-term happiness is having meaningful relationships. connections with people. It makes sense. You should reach out beyond your introverted comfort zone (I know, I'm one too) and join some groups to search for some like-minde...
by fourkids
Mon Feb 10, 2020 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14412

Re: Am I crazy to consider quitting my job?

Absolutely DON’T QUIT. You have the best of both worlds now. Don’t mistake meal planning, prepping, errands, volunteering at school etc as “quality family time”. It’s not. It’s unpaid female labor. Take a portion of your very good salary and outsource absolutely everything that is not direct time sp...
by fourkids
Thu Jan 23, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 55?
Replies: 24
Views: 6727

Re: Can I retire at 55?

Rerod- you work at U of I. All employees are pension eligible. How much will your pension be at age 55 or at age 60? This is important info that you left out
by fourkids
Wed Jan 22, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Potential new job - longish post
Replies: 29
Views: 1768

Re: Potential new job - longish post

I was in a similar position years ago. Turned it down. good decision. Reasons you should turn it down: Open office space- yuck, especially for private work that needs to be done as Controller. same salary- always get a raise. don't leave for a risky tech company, unless you believe they have a great...
by fourkids
Thu Dec 05, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: I don’t think I am a good Boglehead
Replies: 80
Views: 6432

Re: I don’t think I am a good Boglehead

It's all about what allows you to sleep well at night.
To each his/her own.

and having a "decent pension" is a luxury most of us don't have.
If I don't get it right, I could have 0 income at age 80 or 90.
by fourkids
Mon Dec 02, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Christmas Vacation Idea with 2 yo Toddler?
Replies: 38
Views: 2415

Re: Christmas Vacation Idea with 2 yo Toddler?

your last chance to go somewhere fun before kid #2 arrives. Logistics get harder after that. Skip a kid trip- your 2yo won't remember it anyway. Do something fun for YOU. Try Nashville. 9 hr drive. warm. kid-friendly enough St. Louis. also fun, but not quite as warm. all other Midwest cities (Chicag...
by fourkids
Wed Nov 27, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: Is a minivan worth it?
Replies: 86
Views: 7101

Re: Is a minivan worth it?

We love our minivan... for 4 kids. With 2 kids, a sedan is just fine. Your wife will not "need" to sit in the backseat with your kids for long. Only consider the minivan if: you drive another couple or family around at least once a month. otherwise they can drive their own car. you haul lo...
by fourkids
Sat Nov 09, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 74
Views: 9852

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

Go back. Often, workers think the grass is greener elsewhere and it just isn't. you swap one group of problems for another. I quit a job once after 2 weeks, and simply told them it wasn't a good fit and not what I expected. I'll never get another job there, but it didn't tarnish my reputation at all...
by fourkids
Wed Oct 30, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make more money with my accounting degree?
Replies: 29
Views: 3418

Re: How do I make more money with my accounting degree?

Sounds like you want your cake and to eat it too. You got a low GPA, you want low stress, etc. To an outsider (and perhaps a boss), it seems like you don't want to have to work too hard. The successful people I know in accounting/finance put in some very hard work in their 20's to get certified, gai...
by fourkids
Thu Oct 03, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank canceling credit cards??
Replies: 29
Views: 5053

Re: Chase Bank canceling credit cards??

The U.S. and many other jurisdictions are enacting more robust KYC (know your client) rules and regulations that make it harder and more costly for banks and other financial institutions to have certain clients (especially foreign). Therefore, it is absolutely understandable why Chase or any big ban...
by fourkids
Fri Sep 20, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11805

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

giving 2 weeks notice is the right thing to do.
most reputable companies pay the 2 weeks. if not, worst case is you have extra unpaid time off between jobs
Absolutely DO NOT cancel your vacation for any reason. You don't owe them any more than 2 weeks.
by fourkids
Mon Sep 16, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers - How to ask for time to evaluate with my BH?
Replies: 24
Views: 2552

Re: Multiple job offers - How to ask for time to evaluate with my BH?

spend the next 3 days full-time researching as much as possible and make your decision in the required 3 days. no decision is ever made with perfect information. -if 2 are close, make respectful counter offers for both (either for a bit more money, vacation time, benefits), but don't say you are eva...
by fourkids
Fri Aug 30, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6997

Re: What, besides dishes, do you run through your dishwasher?

kids rubber bath toys
bathroom soap dish
kitchen sponge- to disinfect
by fourkids
Thu Jul 18, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24330

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Yes... but only if you don't succumb to the higher level lifestyle and spending of your neighbors in the HCOL area. Expensive houses, cars, vacations, kids activities, outings, etc. are all extremely commonplace in HCOL areas, so you have to willfully buck the trend, otherwise your savings rate can ...
by fourkids
Fri May 10, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5688

Re: Help me pull the trigger-need to quit

As I recommend to all my working mom friends in similar situations- Ask your employer to drop down to part-time before you EVER just fully quit your job. Many mom friends have struck a good balance with work when they go down to 3 days per week. having 2 days at home solves a lot of family juggling ...
by fourkids
Wed Apr 24, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 19886

Re: Whats the Point of Climbing the Corporate Ladder?

to maximize your professional learning
to challenge yourself intellectually
to avoid boredom
if you are passionate and great at your job, to fulfill your highest potential

the money doesn't hurt either... especially when it can help achieve a much earlier retirement
by fourkids
Wed Apr 24, 2019 1:20 pm
Forum: Forum Issues and Administration
Topic: Two pet peeves: Signatures and quoting pages of text
Replies: 20
Views: 2643

Re: Two pet peeves: Signatures and quoting pages of text

Godot- are you being deliberately obstinate by quoting the OP's entire post?
by fourkids
Wed Apr 24, 2019 1:18 pm
Forum: Forum Issues and Administration
Topic: Two pet peeves: Signatures and quoting pages of text
Replies: 20
Views: 2643

Re: Two pet peeves: Signatures and quoting pages of text

I agree, I hate quoting long test strings. It simply wastes so much space on a page and actually makes a thread harder to follow.

Is there a way to turn off viewing quotes?
by fourkids
Tue Apr 23, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Taking the new job or not?
Replies: 24
Views: 1420

Re: Taking the new job or not?

Career is a marathon, not a sprint.
1 hour commute, plus the loss of work from home is terrible. not worth the $30k increase.
when you're working and have young kids, your most valuable asset is time. don't give it up.
you can go for the promotion in a few years
by fourkids
Mon Apr 22, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 10270

Re: Housing: "Super Savers" vs. the "Rest"...

Great grid.
I just looked at my budget, and how funny that my "savings" is exactly 29% and my "housing" is exactly 14%.
I guess I really am a super saver. Yay me.
by fourkids
Thu Apr 11, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 2188

Re: Estimating Future Wealth (Wealth Potential)

your future career growth is the biggest determinant to your future wealth. Don't waste time on other futile exercises.
work hard, get promoted, seek bigger opportunities, pursue more education as needed.
at age 50, if you make $900,000, you'll be much better off than if you made $100,000.
by fourkids
Thu Apr 11, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 10946

Re: Buying a house next year. Wife wants a big house. Thoughts?

we have a 4000sf+ house. It's a PITA. I miss my old 3200sf house.
Get the "smaller" house.
by fourkids
Thu Apr 04, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 75
Views: 6490

Re: Landlord looking to buy out my lease. Whats a reasonable price?

$8800.
you do not want to move. this is an inconvenience to you. you shouldn't be put out in any way. you many have to move to a hotel and keep your stuff in storage until you find a new apartment you really want to sign a new lease on. all this stuff is not cheap or insignificant.
by fourkids
Thu Apr 04, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Help! Having a Baby - Stay Home Cost analysis
Replies: 33
Views: 2671

Re: Help! Having a Baby - Stay Home Cost analysis

Having the option to take time off of work, and go back to your same job is a gift. Take it. Spend some time with your baby.
Can you do it again if you have a 2nd child? Many parents I know wait to take time off until their 2nd child comes along, because it saves on double the childcare expenses.
by fourkids
Wed Apr 03, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Additional Costs for 3rd Child?
Replies: 74
Views: 3152

Re: Additional Costs for 3rd Child?

my advice is stop while you're ahead. trying for a 3rd can result in twins (like us), health problems (for mom and/or kid) I would heavily discount advice from people who's kids are already grown. Raising a kids/teens now is much different due to the invention of smartphones, social media, a vastly ...
by fourkids
Tue Apr 02, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5732

Re: Family flying - picking seats at booking

Congress passed a law in 2016 to ensure that families with kids under 13 could sit together, called the "Families Flying Together Act", as one Congressman said “to put an end to the absurdity of toddlers sitting separate or unattended on an airplane — requiring airlines to plan ahead so th...
by fourkids
Tue Apr 02, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition? UPDATE
Replies: 75
Views: 6445

Re: At a crossroad - Expensive House or Private School Tuition?

Always buy in the good school district. your house is much more likely to retain/increase its value that way.
$50k/yr for 12+ years of private school tuition could pay for a lot of house
by fourkids
Thu Mar 21, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: When to increase house size with a growing family?
Replies: 43
Views: 3154

Re: When to increase house size with a growing family?

Mlm wrote: Thu Mar 21, 2019 3:00 pm I would stay put and maybe buy bunk beds in the future.
Yep, bunk beds are great, and sharing rooms are great. Kids love to have company, otherwise they will be coming into your room in the middle of the night.
by fourkids
Thu Mar 21, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to increase house size with a growing family?
Replies: 43
Views: 3154

Re: When to increase house size with a growing family?

From personal experience as one who has upsized with additional children: A big house with toddlers and infants is not optimal. It is soooo much easier to have baby items close by- short walk to crib, changing table, bottles, diaper pail, etc. Adding in additional stairs, rooms, cleaning with young ...
by fourkids
Thu Mar 21, 2019 4:07 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 14565

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Thesaints wrote: Thu Mar 21, 2019 3:44 pm Better to ignore the existence of hot water and continue to take cold showers. It also saves on the energy bill !
but cold showers don't add up to a savings of $4 million. The extra $500/year I spend on a hot shower makes me a tolerable person
by fourkids
Thu Mar 21, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 14565

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

I fully agree.
I'd rather retire at age 50 with my Toyotas while my neighbors work until their 67 or 70 with their BMW and Land Rovers.
Cars are purely functional to me.
by fourkids
Wed Mar 20, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Better to Donate Time or Money To Charity?
Replies: 37
Views: 1804

Re: Better to Donate Time or Money To Charity?

Charities need and are appreciative of both.
Give whatever you have more of depending on what stage of life you are in.
20's, retired? you probably have more time to give
40's working full-time with kids? you probably have more money than time
by fourkids
Wed Mar 13, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I give more money to a family member?
Replies: 107
Views: 7724

Re: Should I give more money to a family member?

Tell her to grow up, be responsible and start providing for herself.
Tell her you don't owe her a thing, and you don't want to talk about it again.
She needs a dose of tough love now, for her own good and future
by fourkids
Tue Mar 12, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay home for 1 year
Replies: 30
Views: 2257

Re: Work or stay home for 1 year

this is a personal values question on what works best for your family. but an important question is: will your spouse be able to reenter the workforce easily after a year off? my spouse and I have always worked full-time, but I now believe that in order to work 30 -50 years of your life, it's probab...
by fourkids
Tue Mar 05, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Accounting for a third car?
Replies: 18
Views: 1378

Re: Accounting for a third car?

we have 3 cars. it's a pain in the butt. and we actually have garage space for all of them. it seems like 1 car is always being serviced for something. unless I had a true need for one, I would skip it. rent a hot rod a few times each year for a week or so. you will come out way financially ahead wi...
by fourkids
Mon Mar 04, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you gone without a raise?
Replies: 75
Views: 6514

Re: How long have you gone without a raise?

4 years in a booming economy is absolutely too long to go without a raise. Either your company or your indusrty is in decline, which is a sign to get out. Or your company is just being extremely cheap, which is also a reason to get out. I went 2 years without a raise, but it was 2009 and 2010, the d...
by fourkids
Mon Mar 04, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to change jobs?
Replies: 15
Views: 1448

Re: Is it worth it to change jobs?

If you are serious and committed to getting your MBA, then absolutely switch jobs.
If the idea only intrigues you, then don't.
Spending 3 years of your life working and going to MBA school is exhausting and should be taken very seriously with an end goal in mind
by fourkids
Mon Mar 04, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to decline additional responsibilities in work?
Replies: 14
Views: 2221

Re: How to decline additional responsibilities in work?

Ignore the request. If he asks again, simply say "No thanks." The less said the better. You only have 1-5 years left. You can coast as is. also, are you a woman? bosses always try to dump admin crap on women, because we tend to say ok. I'm in Sr. Mgmt and the CEO still trys to dump crap on...
by fourkids
Mon Mar 04, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Value of Vacation Experiences with Big Fam & Young Kids
Replies: 75
Views: 5126

Re: Value of Vacation Experiences with Big Fam & Young Kids

Don't waste the money. "Vacations" with babies/toddlers aren't vacations. They are just trips. As a lover of travel, I've tried multiple times to take my 4 young kids on vacations. We've failed miserably almost every time, and I've regretted spending the money. But we have some hysterical ...
by fourkids
Mon Mar 04, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 9253

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

no time is too short to leave if it's a 50% raise like you are getting. Congratulations. You simply say they are giving you a 50%+ raise, and you can't turn it down. I left once after 11 months for a 50% raise, and in hindsight, it was a great career move. They realized I was underpaid when they had...
by fourkids
Tue Feb 19, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Continue with home project or not?
Replies: 37
Views: 3570

Re: Continue with home project or not?

I would ignore completely the neighbor's thoughts. If you sell, the next owner is likely to tear down as well. The neighbors have no right to effectively make you sell your house. I would re-evaluate the project based on objective criteria that you know now that you've owned the house for a year. Is...
by fourkids
Fri Feb 15, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: How much of my bonus should I put in my 401k?
Replies: 19
Views: 1309

Re: How much of my bonus should I put in my 401k?

add your 2019 salary + your bonus=total comp then divide 19,000 by your total comp to get the % contribution that you need to max your 401k for the year. round up on the % if you need to. then set your 401k contribution in Fido to this %. This will make sure you max your 401k and don't lose out on a...
by fourkids
Wed Feb 13, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 70
Views: 5163

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

Generally, 529 plans are a good idea if you are saving for college, rather than a taxable investment account. To determine available financial aid, you have to complete a FAFSA application. It calculates that 5.64% of parental non-retirement assets should be used toward school expenses. This is call...