Search found 425 matches

by Maverick3320
Wed Jun 13, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8468

Re: Getting killed on taxes - any ideas?

6) Don't let the tax tail wag the dog. Don't take actions simply to avoid taxes. The fact that you have to pay high taxes is an indication that you have high income, and that's not a bad thing. Do what you can to minimize the taxes, but having high income is better than having low or no income I fe...
by Maverick3320
Wed Jun 13, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Late to the party, looking for some advice
Replies: 18
Views: 2139

Re: Late to the party, looking for some advice

Jim, Welcome to the forums. For military-specific advice, have you double checked to make sure that you have no further military benefits? Did you use the old GI bill, or the post 9/11 one? Some states also have benefits for vets - no taxes on retirement/medical pay, etc. It's never too late to star...
by Maverick3320
Wed Jun 13, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 178
Views: 36021

Re: Bogleheads, tell me about your 40's?

Four things (which has been mentioned here in some form already): Health - I neglected my health until I was 44 but I wish that I had kept in shape through my 30's ( was in pretty good shape in my teens and 20's). The earlier you start, the better. I weight 310lbs on my 44th birthday then I dropped...
by Maverick3320
Tue Jun 12, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 178
Views: 36021

Re: Bogleheads, tell me about your 40's?

I always tell the 29 year old who is freaking out about turning 30 that your 30s are better than your 20s. You have just as much vitality as you do in your 20s, but you have more money and you're not so stupid. Your 40s are not as good as your 30s. Powermega and Michaelseig, are you willing to elab...
by Maverick3320
Tue Jun 12, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 59
Views: 5602

Re: Boring Job

Take graduate/professional development courses on the clock. And appreciate what you have...someday, you'll look back on this job fondly.
by Maverick3320
Mon Jun 11, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6528

Re: 35 and Need Help With Building Wealth

I would highly recommend you read some material on picking a portfolio. Yours needs to be simplified IMO. It is WAY too complicated and really doesn't make any sense. 1% in each year target retirement fund is not how those are meant to work. You pick just one, based on the year you think you'll wan...
by Maverick3320
Sun Jun 10, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 5983

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

You said clearly yourself above that a down year would wipe you out. Why are you still asking “why not”? Mostly because I'm not interested in being lectured to about something that's completely hypothetical. Almost every response in this thread has avoided answering my initial questions. If you thi...
by Maverick3320
Sun Jun 10, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1716

Re: Buying CPO Lexus - any advice appreciated

Shop around for similar year models on Cargurus for a decent guide on what you should expect to see for prices.
by Maverick3320
Sun Jun 10, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Is investing in Peer-to-Peer Lending good ?
Replies: 16
Views: 1269

Re: Is investing in Peer-to-Peer Lending good ?

Similar experience here. When I started with Lending Club I was getting a consistent 10% return. Then I started seeing a rash of $35,000 notes from lendees with supposedly steady incomes (nurses making 8k/month, etc) take out the loan and then stop paying on it a month later. Literally - the $35,000...
by Maverick3320
Sat Jun 09, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Starting new Job in July please advise: how to be a better boglehead.
Replies: 24
Views: 2494

Re: Starting new Job in July. Please advise to be a better boglehead

Not to be a naysayer, but a doc about to finish residency with a house and a kid in the near future (and a spouse with no interest in working) that is interested in starting an entire second career may not be the best candidate for PSLF. I'm confused. This would make PSLF even more valuable or impo...
by Maverick3320
Sat Jun 09, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50170

Re: How much money do you need to retire?

Sorry, guys, those days are gone for today's wannabe retirees. Seems like everything that advances a person now first sets you back way too much, so the gain is minimized. What do you mean by this? Mainly I was thinking of educational opportunities and the rise of student debt. Also, the loss of em...
by Maverick3320
Wed Jun 06, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50170

Re: How much money do you need to retire?

Sorry, guys, those days are gone for today's wannabe retirees. Seems like everything that advances a person now first sets you back way too much, so the gain is minimized. What do you mean by this? Mainly I was thinking of educational opportunities and the rise of student debt. Also, the loss of em...
by Maverick3320
Wed Jun 06, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Don't make the mistake I made (Telemarketing hell)
Replies: 67
Views: 8563

Re: Don't make the mistake I made (Telemarketing hell)

I think you'd have better success filing a complaint with the government office than with trying to go after a fly-by-night telemarketer in some third-world country.
by Maverick3320
Mon Jun 04, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Starting new Job in July please advise: how to be a better boglehead.
Replies: 24
Views: 2494

Re: Starting new Job in July. Please advise to be a better boglehead

Given your high income, LCOL location, and low housing costs for now, I don't understand why you'd be fooling around with PSLF. Why do you say that? If one has a reasonable chance of staying in an eligible job for 10 years, PSLF is a something which should certainly be pursued. To not do so would b...
by Maverick3320
Thu May 31, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: online MBA
Replies: 15
Views: 1162

Re: online MBA

oh no, thats a big pet peeve of mine... people who put their mba in their name as if its a phd or md annoys me for some reason. I definitely would not flaunt it like that. Believe me I wish I could do UCLA for MBA but due to my location its simply not practical. Part of my hesitation is getting a M...
by Maverick3320
Thu May 31, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12229

Re: Have $3m at 33, "approach to career" advice needed

Join the National Guard or reserves. Work one weekend a month, do some fun things, get subsidized comprehensive family healthcare for $210/month regardless of your age. Travel opportunities, temporary full-time work opportunities, get paid to work out, etc. Spend the rest of your time with your fami...
by Maverick3320
Tue May 29, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3386

Re: govt vs. private job offers: please help me decide!

I work for the va and took a $25 k salary cut to come as well as a 1% 401k match cut. The salary difference at this point after 3 years is about 18-20k and I’ll probably make up the ground in 5-6 years as the private sector for my profession is now doing wage freezes and the foreseeable future look...
by Maverick3320
Tue May 29, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

As a car guy myself, I say that if you were a car person and this your one thing you spend money on and truly appreciate cars (dynamics, feel, performance, etc), then I would hesitantly say go for it. But you don't seem to be a car guy, you simply appreciate nice (looking) cars. Your situation seem...
by Maverick3320
Tue May 29, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Rent one for a week to a month. Then if it is still a must have...hire a broker to negotiate a lease. Could you expand on this a bit? I've never considered renting a car as a test. I hadn't really considered a lease, nor using a lease broker. What's the upside? Looks like Turo/Sixt/Avis/Enterprise ...
by Maverick3320
Thu May 24, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3386

Re: govt vs. private job offers: please help me decide!

I work for the va and took a $25 k salary cut to come as well as a 1% 401k match cut. The salary difference at this point after 3 years is about 18-20k and I’ll probably make up the ground in 5-6 years as the private sector for my profession is now doing wage freezes and the foreseeable future look...
by Maverick3320
Tue May 22, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

ncbill wrote:
Tue May 22, 2018 3:22 pm
Rent one for a week to a month.

Then if it is still a must have...hire a broker to negotiate a lease.
Could you expand on this a bit? I've never considered renting a car as a test. I hadn't really considered a lease, nor using a lease broker. What's the upside?
by Maverick3320
Tue May 22, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Most bogleheads don't "get" cars. It's not an investment, it's a hobby. It's an expensive one, but if you feel you're comfortable enough to go for it then I wouldn't stop you. I drive a 2017 Audi A3. The issues that I would caution you about have nothing to do with financial sense - but they all en...
by Maverick3320
Tue May 22, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

I owned a Jaguar once. And never again. I had bought a 4-year old XJ12 way back in the late 1970s in the UK and it cost me one GBP in repairs for every mile I drove it. I gave up after driving it for 12k miles. I feel fine spending 6 months income on a car, cash. Just make sure that you buy one tha...
by Maverick3320
Tue May 22, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

kaeltor wrote:
Tue May 22, 2018 12:28 pm
I wouldn't do it to be honest.

Your networth isn't that big to be considering that purchase... no offense.
None taken! Friends and family are telling me to go for it; Bogleheads is where I come to stay grounded. Appreciate it.
by Maverick3320
Tue May 22, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Mortgage: ~1100/month @ 3.0% (8 years into a 153,000 mortgage) Pay your house off before buying expensive toys. Money is fungible so if you so if you buy the Jaguar then you are in effect using a mortgage to buy it. I've been playing around with the retirement section of Personal Capital and even i...
by Maverick3320
Tue May 22, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Morning everyone. I like to think that I'm generally a frugal person, but I do have some financial weaknesses, one of them being cars. Awhile back I saw a Jaguar XE in person and since then I've been lusting away. I've been doing a ton of research (6+ months) on the vehicle and it turns out it isn'...
by Maverick3320
Tue May 22, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Further, I've been playing around with the retirement section of Personal Capital and even in the most conservative scenario I meet my goals 100% of the time, with a ton of asset accumulation by age 90 even without taking a second job after retiring at 49 and a projected 7k/month in retirement spen...
by Maverick3320
Tue May 22, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

do you realize that you are behind on retirement savings? 3x your salary by age 40 is just "one" of the many suggestions out there. unless you haven't disclosed some bucket(s) of money. have a kid and you won't feel so rich. Yeah, agreed. I do realize that my pension isn't guaranteed, but I'd say o...
by Maverick3320
Tue May 22, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

If you’re n track to retire when you say you will, then you can afford it, but it’s a pretty dumb idea. The main benefit of a Jag over its competitors is how fun it is to drive. You don’t sound like someone who appreciates cars all that much and are just interested because this one caught your eye....
by Maverick3320
Tue May 22, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

I think we need a little more info. Since you're in WI, is this going to be a summer only car? Why do you want a Jag? Have you drove one yet? You said they got poor reviews? Is reliability a problem? If so, have you considered how much would you have to set aside for repairs/maintenance? Are there ...
by Maverick3320
Tue May 22, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

Have you actually driven the Jag yet? I'd reserve any decision until that's been done. I could refer you to a few places for background....the advertising slogan in "Crazy People" with Dudley Moore and this year's Grand Tour. I can't really tell you any more for fear of being banned. I test drove o...
by Maverick3320
Tue May 22, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Re: Should I buy a new car?

letsgobobby wrote:
Tue May 22, 2018 8:12 am
You say money is just piling up. Where's the pile?
I completed my MBA in May of 2014, and finished paying off the $60,000 in loans in May of 2017. Since then, the money has been accumulating in my checking account/savings account/emergency fund.
by Maverick3320
Tue May 22, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2911

Should I buy a new car?

Morning everyone. I like to think that I'm generally a frugal person, but I do have some financial weaknesses, one of them being cars. Awhile back I saw a Jaguar XE in person and since then I've been lusting away. I've been doing a ton of research (6+ months) on the vehicle and it turns out it isn't...
by Maverick3320
Mon May 14, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24133

Re: Lucrative careers?

I’m 26 years old planning on going back to college to finish my undergrad and I’m unsure what I want to do as a career. I thought maybe bogleheads may have some suggestions. I’d like to someday make 100k a year (who wouldn’t) Careers I’ve looked into are: -Law (I love law, I read law books for fun,...
by Maverick3320
Thu May 03, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Retirement at 43-45 (Military)
Replies: 17
Views: 2847

Re: Retirement at 43-45 (Military)

OP,

Just out of curiosity, can you break down your pension calculation numbers?
by Maverick3320
Thu May 03, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??
Replies: 27
Views: 1694

Re: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??

Clemson, Fellow Guardsman here. harsh truth up front: you've mentioned that your spending has been a series of unfortunate accidents and bad timing but then you mention the new car and the new house. In order to get your finances in order, you're going to have to accept that your decision-making is ...
by Maverick3320
Tue May 01, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11071

Re: Amazon to raise Prime membership in US to $119 from $99

Even at $119, Amazon Prime saves me money and time. Combine that with the 5% cashback on my Amazon Prime Credit card, and I still come out ahead. I hate going to the store (and coming home with extra junk I didn't need), so they will have to hike up the prices quite a bit before I consider quitting...
by Maverick3320
Thu Apr 26, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 15890

Re: Is Los Angeles a good place long term to live financially?

OP, We moved from Chicagoland to LA last year with the intention of living the rest of our lives here. LA is definitely more expensive than Chicagolandia, but we are a 2-physician household and have already been saving for a while. So we came to LA with a lot of "ammo" in our arsenal, so to speak. ...
by Maverick3320
Wed Apr 25, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 15890

Re: Is Los Angeles a good place long term to live financially?

OP, We moved from Chicagoland to LA last year with the intention of living the rest of our lives here. LA is definitely more expensive than Chicagolandia, but we are a 2-physician household and have already been saving for a while. So we came to LA with a lot of "ammo" in our arsenal, so to speak. ...
by Maverick3320
Wed Apr 18, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1728

Re: How do you know what price to negotiate when buying a used car?

Get ready for 50+ responses. I always use Cargurus to get a rough estimate; if you use KBB, I'd use that as a starting point and negotiate -5%, depending on the demand and availability of the vehicle.
by Maverick3320
Sat Apr 14, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: New York State income tax bracket is not a marginal rate?
Replies: 30
Views: 2124

Re: New York State income tax bracket is not a marginal rate?

I did have my CPA help me with setting things up, but I also try to understand these issues on my own as well. It isn't really a good time to bother the CPA since he is swamped as the tax deadline approaches, so I posted here knowing that I always learn a lot when I ask a question. Since taxes are ...
by Maverick3320
Thu Apr 12, 2018 9:40 am
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 79
Views: 11534

Re: Too much Bogleheads.org?

I kind of get where you are coming from. I’ve been here not quite a year and have spent far more time here than i ever would have guessed. I am a bit obsessive about message boards and this has become my obsession vs sports or political forums in the past. At least in the process I am learning some...
by Maverick3320
Wed Apr 11, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2371

Re: Would you pay off the student loan or keep the $$$

OP, Kudos for starting to see the light on getting your finances in order. However, having dogs that cost $6000-$8000 a year, a $750 cell phone, a $3000 TV, extra vehicles, and investing in cryptocurrencies all while living in a HCOL make it look like you have a ways to go, which is why other poster...
by Maverick3320
Tue Apr 10, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1651

Re: 0% credit card to pay off student loan?

Okanedo wrote:
Tue Apr 10, 2018 10:15 am
To fire me it will take them more than two years of remediation and fighting my union; unless I did something outrageous like slapping or cursing a student. I am not worried about that.
It takes two years to fire a teacher?
by Maverick3320
Tue Apr 10, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 111
Views: 15156

Re: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years

I don't know about you guys, but I'm actually hoping for a big correction. It's the best time to buy!
by Maverick3320
Mon Apr 09, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13595

Re: Ivy school education. Is it worth it?

The best U.S. school for business based on ROI. is... University of Wisconsin-Platteville This is largely because the school is $19,700 a year but paying $55,700 a year in wages. Not what one would expect, is it? Completing the top 10 are: Missouri University of Science and Technology Western Michi...
by Maverick3320
Fri Apr 06, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Any hardworkers here who half-a** at work?
Replies: 27
Views: 3801

Re: Any hardworkers here who half-a** at work?

Keep working hard and hope that eventually someone higher up the food chain that shares your sentiment for hard work eventually notices. It's hard pill to swallow, but most people just aren't that great at their jobs. Look at it rationally; adapt and overcome. I'm only slightly exaggerating when I s...
by Maverick3320
Thu Apr 05, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8645

Re: Liability for 32 year old step son living home

More unhealthy than playing video games all day? Yes, certainly. Short of working in a coal mine all day (which actually pays fairly well, relatively speaking), I'm struggling to come up with an actual job that is more unhealthy than sitting on one's butt all day relying on other people for everyth...
by Maverick3320
Wed Apr 04, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1448

Re: Hypothetical situation investing on property vs market

Something seems off. 230k places around here generally rent out at $1800-2200/month, if not more.