Search found 149 matches

by fourkids
Tue Jan 15, 2019 5:59 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2750

Re: School staff threatened to call social worker

Go! It's just kindergarten!
But as someone mentioned, you may have to unenroll and reenroll.
I believe schools are legally obligated to accept a child into 1st grade based on age alone.
by fourkids
Sun Dec 23, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Employer asking me to move my brokerage account
Replies: 30
Views: 3409

Re: Employer asking me to move my brokerage account

SEC compliance at a financial firm is serious business and you are required to follow the rules. Get on board or find a different job. and absolutely do not try to hide any of your accounts or investments. you sign code of ethics and other compliance documents that require you to disclose. you could...
by fourkids
Thu Dec 20, 2018 2:17 am
Forum: Investing - Theory, News & General
Topic: In 2000, did the dot-com burst first or the stock market crashed first?
Replies: 3
Views: 563

Re: In 2000, did the dot-com burst first or the stock market crashed first?

in 2000, venture capital money into private tech start-ups with no revenues and no EBITDA started drying up first and they began folding.
then public tech companies with no EBITDA and crazy valuations started dropping
then the rest of the stock market crashed hard after Sept. 11, 2001
by fourkids
Mon Dec 17, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5284

Re: Marriage and separate accounts - how does it work?

married almost 20 years. We have always had separate accounts. not specifically on purpose- just never got around to combining them and then never saw the need. when we married, I paid the mortgage, husband paid all the other bills- roughly split pro-rata by income. I'm great with money, he's not (u...
by fourkids
Wed Dec 05, 2018 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4373

Re: Why Is Insurance Worth It (Analytically)?

because any catastrophic event without it can bankrupt you.
by fourkids
Tue Dec 04, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Will we make it saving only in employer plans?
Replies: 58
Views: 4232

Re: Will we make it saving only in employer plans?

lots of areas are $8 k (or less, down to $6 k) for a kid (enough places don’t charge a full 2X if both are there) https://www.bostonglobe.com/2014/07/02/map-the-average-cost-for-child-care-state/LN65rSHXKNjr4eypyxT0WM/story.html This data is simply wrong/out of date for urban/suburban areas of medi...
by fourkids
Tue Dec 04, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Will we make it saving only in employer plans?
Replies: 58
Views: 4232

Re: Will we make it saving only in employer plans?

Kids age 2 & 4? You are in the thick of it right now, with daycare expenses and similar. It's great that you are even able to max your 401ks. It will get better over time. Your mortgage will stay the same, but your incomes will keep growing. Daycare expenses will end and hopefully you have a good, f...
by fourkids
Wed Nov 21, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: 1 Week vacation in February 2019, to get away from the Midwest Winter
Replies: 45
Views: 3876

Re: 1 Week vacation in February 2019, to get away from the Midwest Winter

good weather in Feb? you have to go very far south.

Key West!

or get an all-inclusive deal through apple vacations or similar. but be careful in Mexico or Jamaica- both have crime advisories
by fourkids
Tue Nov 20, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 102
Views: 10661

Re: Weigh in on our Marital Argument =)-- HCOL edition

Easy... get out of NYC Move closer to your parents in midwest. Take your $700k equity and buy a $500k 2500-3500 sqft home in cash with nice large yard and 4 bedrooms in a good school district. Set aside the other $200k to have your kids college funded No mortgage, college is paid off.., your massiv...
by fourkids
Wed Nov 14, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 27
Views: 3504

Re: Enjoying Your Work

the grass is always greener... work is WORK. it's hard, sometimes tedious, occasionally enjoyable, hopefully mostly tolerable. try some side gigs first before you put the time, effort and money into starting over in a new career. maybe do a personality and skills tests. you may find out that your be...
by fourkids
Mon Nov 12, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: 20th Anniversary vacation ideas wanted
Replies: 29
Views: 1944

Re: 20th Anniversary vacation ideas wanted

Tahiti- overwater bungalow
Cabo- One & Only

I'm jealous that you've done all the Hawaiian Islands. That's where I would go.
by fourkids
Fri Nov 09, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15192

Re: How much money are you leaving your kids after you die?

fully funded 529s for all my grandkids is my goal.
but that's about it.
by fourkids
Mon Nov 05, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3481

Re: Please help me with my car decision

we're in a similar family situation (without the Porsche). minivan for kids and nanny, husband's car (drives far to work). For me, who has a short commute to the train, we have an old 4WD jeep Cherokee. We keep it on the driveway when needed. I've stopped doing cosmetic repairs on it. It is simply m...
by fourkids
Mon Nov 05, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 33
Views: 6772

Re: Am I buying too much house??! What kind of mortgage?

I would wait if I were you. Market is too uncertain. https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html https://www.mpamag.com/market-update/california-housing-market-cant-sustain-rising-prices-111578.aspx Plus, I favor waiting to buy until you are...
by fourkids
Sun Oct 28, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of master bath redo
Replies: 4
Views: 698

Re: Cost of master bath redo

we did a full gut of our 10x12 Master Bath a few years ago for $20k. Got several quotes. Used all crema marfil marble with some decorative marble inlays, double vanity, glass enclosed shower. The only thing we kept was the tub, but we built a new surround for it. shopped around for good prices
by fourkids
Sun Oct 28, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12894

Re: Am I doing well financially?

You're doing great! This is just a site of overachievers :happy which is great, because it gives other overachievers (like you and me) something to strive for.
by fourkids
Thu Oct 25, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Who profits from day to day market swings?
Replies: 13
Views: 1421

Re: Who profits from day to day market swings?

Citadel "execute approximately 39% of all U.S.-listed retail volume" and other hedge funds
https://www.citadelsecurities.com/produ ... d-options/

They make billions just due to volatility
by fourkids
Mon Oct 15, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Placing mother in nursing home - advice
Replies: 37
Views: 3953

Re: Placing mother in nursing home - advice

can your mom move to your town and move in with you now? and you can hire some home health care, much cheaper than nursing home.
by fourkids
Wed Sep 19, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Philanthropy 101
Replies: 13
Views: 913

Re: Philanthropy 101

keep it simple. just donate annually. do some research and find 1 or 2 you really like and make good use of their funds. then you can ramp up over the years and add more charities when/if you become passionate about them. That's how I did it and I'm happy with my giving. My 2 main charities get most...
by fourkids
Mon Sep 17, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 5002

Re: Dilemma: Add room to current house or buy new house?

agree with those who say finish (or partially finish) the basement. much cheaper option. make a music room for the kids, rec room for the kids. xtra bedroom for guests. this is a cheap option, $50k tops all in- just don't add a kitchen down there. then you can reclaim your living room/dining room as...
by fourkids
Wed Sep 12, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: MBA vs Home Ownership
Replies: 24
Views: 2113

Re: MBA vs Home Ownership

Chicago or Kellogg MBA. All the way.
Forget about the house- just a distraction. focus on your education, networking and job opportunities in your 20's. it will work out well for you.
It worked out very well for me.
Good luck.
by fourkids
Thu Aug 23, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: $360k w/major decisions on the way, please help
Replies: 11
Views: 1569

Re: $360k w/major decisions on the way, please help

also, with so much in savings, open a 529 for that baby soon after birth to let it grow as long as possible tax-free
by fourkids
Thu Aug 23, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: $360k w/major decisions on the way, please help
Replies: 11
Views: 1569

Re: $360k w/major decisions on the way, please help

Stay put. Save up. Babies don't need much space, nor amenities.
Wait until baby is a few years old and it will help clarify your needs and wants. Especially when you start thinking a potential 2nd child and about public school systems.
by fourkids
Mon Aug 20, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 35
Views: 4014

Re: Sheraton Kauai timeshare

It's a great deal... as long as you are 100% certain you can say NO, no matter what. The more you reiterate NO, and don't lead the salesperson on in any way, the quicker you can end the presentation. One good way to end it is start talking about how your friend just bought a RESALE timeshare for clo...
by fourkids
Thu Aug 02, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5557

Re: Question to retirees - money or work/life balance?

I don't regret any time I spent in my 20's and early 30's getting ahead in my career. Working hard, getting promotions, going to grad school, putting in long hours... was all worth it. It got me many promotions and built towards a very good income. Even when I was working 60+ hours/week, I still had...
by fourkids
Fri Jun 15, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7690

Re: can we afford to spend $20K on travel annually

Yes! but get proficient at finding good travel deals, especially on accommodations. By renting out other people's timeshares or using VRBO or Airbnb, you can often get a week's stay for under $1400. Also, drive when you can. Last year we went on 3 very nice weeklong vacations for under $12,000 total...
by fourkids
Thu Jun 14, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 12010

Re: Timeshare ever worth it? Please share details

Only buy resale. Strongly suggest you only buy a branded hotel in Marriott, Starwood, HGVC, etc. Read tug2.net But probably you should not buy ditto. I bought one 13 years ago. we go mostly every year (it's a property that sells out routinely over spring break), and a couple times have traded it fo...
by fourkids
Wed Jun 13, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Install different carpet styles/colors in same floor bedrooms?
Replies: 19
Views: 1211

Re: Install different carpet styles/colors in same floor bedrooms?

This is a design no no. I also think you will tire of it over time.
Tell your wife to get creative with paint, décor, window treatments. All are easier to change every couple years.
by fourkids
Thu Jun 07, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4953

Re: How much to budget for a week long vacation for 2?

$3000 total. - $500 or a bit more for flights - $1500 for accommodations. (I've had great luck renting out other people's timeshares at Westins, Marriotts, Hyatts) - $1000 for food, drink, etc. (Because we get places with kitchens, we only eat out once or twice a day. I hate eating (paying for) 3 me...
by fourkids
Sun May 20, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Fee transparency in private equity
Replies: 9
Views: 853

Re: Fee transparency in private equity

It's pretty commonly known that the average fees for the private equity industry are 2% and 20%. What this means is 2% annual management fee plus 20% of profits over some return threshhold (normally 8%). They are illiquid investments. Normally they are 10 year funds, but that often gets extended to ...
by fourkids
Wed May 09, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - Maxed 401k/ROTH - Now What?
Replies: 9
Views: 843

Re: Portfolio Question - Maxed 401k/ROTH - Now What?

529s for sure.
like a Roth, they grow tax-free if income is used for education
plus you get a state tax deduction
plus they can be transferred between kids if needed.
by fourkids
Tue May 08, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401(k), new 401(a) + 457(b), what are my contrib limits?
Replies: 8
Views: 544

Re: Being Laid Off but Found New Job Already

I did this a few years ago. 1) yep, total 401k is capped at $18,500. you have to carefully plan your contributions at your contributions at your new job so you don't go over, otherwise you have to deal with extra paperwork with your tax return. so if possible, calculate and pick a $ amount per month...
by fourkids
Tue May 08, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Estimating cost of granite countertop renovation
Replies: 19
Views: 1946

Re: Estimating cost of granite countertop renovation

we had this all done for about $5K. medium end granite, new sink and faucet, old countertop removal. oh, and I was able to also replace a bathroom sink with a remnant granite slab for only $400, since the installers were out for the project anyway. Look and see if you have any other granite needs in...
by fourkids
Tue May 08, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Family Vacation in Late Feb
Replies: 30
Views: 1827

Re: Family Vacation in Late Feb

Atlantis, Bahamas is expensive, but very cool. Awesome water park activities for the kids. plus they can swim with the dolphins. Great weather in Feb. Florida is not guaranteed swimming weather.
by fourkids
Tue May 08, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Family Vacation in Late Feb
Replies: 30
Views: 1827

Re: Family Vacation in Late Feb

adventurous, non cookie-cutter, wife speaks Spanish, opposite of Disney?
Costa Rica. although it's about 7 hrs from Boston- but worth it.
by fourkids
Tue May 08, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 7170

Re: How much car to buy on $250K income, $200K NW, newborn on the way

$25-$30k. A small SUV is the perfect option with a newborn. Honda CRV is a great choice. Many friends got this and still have it 10+ years later. This will last you several years until you need the dreaded minivan (we kept our SUV (14 yrs now) for winter driving and hauling kids/sports equip, etc.)
by fourkids
Mon Apr 30, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 8641

Re: Money vs. Work-life balance

No. I would never go from 4-5 weeks vacation to 2 weeks vacation. 2 weeks vacation is terrible.
by fourkids
Wed Apr 25, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 7621

Re: Who benefits from "best and final offer" on condo?

Unfortunately, you may never know what the reason is for the seller to not come back to you. I participated in a similar best and final offer recently. We would have happily, my wife anyway, increased our offer if they had come back to us. So we weren't following their rules for best and final offe...
by fourkids
Wed Apr 25, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 7621

Re: Who benefits from "best and final offer" on condo?

It means just that. Best and final. Most buyers/sellers don't want to go through rounds and rounds of negotiations. It wastes time and energy of everyone. Most people in a best and final situation truly put in their "walk away" price. This way everyone "wins". The seller gets the best price he/she c...
by fourkids
Wed Apr 25, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How far I am behind in retirement savings?
Replies: 52
Views: 5431

Re: How far I am behind in retirement savings?

agree, behind but catching up fast. if you and your spouse both max out your 401k contributions ($18,500 each) for the next 20 years, you'll have $1.6M (assuming a 5% growth rate) if you both max out, and then increase to $24,500 each at age 50 (allowed by IRS), then you will have $1.8M. these #s wi...
by fourkids
Fri Apr 20, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: So many problems I can't even figure out how to prioritize them
Replies: 27
Views: 3216

Re: So many problems I can't even figure out how to prioritize them

for the love of God, get a dishwasher.
I would rather eat crackers every day than live without my dishwasher.
you can get a used one on Craigslist for $50.

in fact, you can get lots of perfectly working items on Craigslist for very cheap. that could solve a dozen of your problems.
by fourkids
Mon Apr 16, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 19939

Re: Can I retire at age 40?

also, I know about a half dozen guys in my neighborhood who "retired early" in 2005-2007 and played the stock market as their pseudo career. Every single one of them is back to a regular job after the last recession, with many wives going back to work too. A couple of them downsized to lower cost ar...
by fourkids
Mon Apr 16, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 19939

Re: Can I retire at age 40?

No, it wouldn't be wise. I'm like you, just a few years older. We are still so young with too many years of uncertainty in front of us, for a family of 6. Plus, I believe that no one should retire until their portfolio has weathered a recession like 2008-2010 or 2001-2002. Not until your portfolio d...
by fourkids
Mon Mar 19, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 14596

Re: Can I Retire at 38?

not both of you. how about 1 of you?
or 1 take an extended leave of absence and then switch.
by fourkids
Fri Mar 16, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 4382

Re: Time/money trade-offs with work and life balance

It depends what stage of your life you are in IMHO. When I was young (20's), I spent my time trying to grow my salary/career and I had tons of free time, so I would/did accept jobs with 40% salary increase, but only 10 days vacation. All my jobs in my 20's had only 10 days vacation, and I became ade...
by fourkids
Fri Mar 16, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: New job transition and pregnant - when to inform employer?
Replies: 30
Views: 2897

Re: New job transition and pregnant - when to inform employer?

wait as long as possible. she might even make it to 20-24 weeks before she is showing. tell her to wear loose fitting clothes from the beginning, so one is suspicious of her growing belly. Ideally, she would be there a 2-3 months and start being productive before she announces. People will be shocke...
by fourkids
Mon Mar 12, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Should we buy my wife a new car?
Replies: 53
Views: 4335

Re: Should we buy my wife a new car?

Don't get ahead of yourself. Wait until you/wife are pregnant before getting a new car. Your 2009 Camry can last for several more years. We have a Camry with 130K miles that's still going strong (and we get far more snow than you). My friends just replaced their Camry at 180,000 miles We got a new c...
by fourkids
Fri Mar 09, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 10315

Re: Can I take an 85+% pay cut for fun?

try an interim step first before making a drastic change. ask your job if you can go down to 3 or 4 days/week. and/or ask if you can work from home a couple days/week. most companies now would rather be flexible than lose a good employee. or ask if you can take a 6 month or 1 year sabbatical. many m...
by fourkids
Tue Feb 13, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10985

Re: Job is starting to suck the life out of me.

I was at a Megacorp when I was 30. hated every day. I interviewed with a smaller project team in the firm for a different position on a smaller project. That helped greatly, but I still wasn't happy/content. Dreaded going to work on Monday. So I interviewed with a couple small firms when I was 31. I...
by fourkids
Fri Feb 02, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance premiums: buy now or wait a year or two
Replies: 23
Views: 1129

Re: Term insurance premiums: buy now or wait a year or two

Now! You have a child. do the 20 year policy. Premiums go up a lot with age in your 40's/50's Then start working out and getting healthier, and reapply next year. If your health improves considerably, maybe you'll get a policy with a lower premium and you can just cancel your first policy. and fast ...