Search found 1370 matches

by Sandi_k
Sun Aug 09, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: How do I know what withdrawal rate to use?
Replies: 27
Views: 1337

Re: How do I know what withdrawal rate to use?

We are planning a bucket strategy. We too want to spend more the first decade of retirement. We're estimating a $1.1M portfolio in 2025. As we have other non-portfolio income, this works out nicely. Year 0: transfer $225K of portfolio into cash/bonds/FI. Add to estimated $75k delayed income from emp...
by Sandi_k
Sun Aug 09, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: Real life example of 7 digit 401k/Roth IRA portfolios
Replies: 25
Views: 2177

Re: Real life example of 7 digit 401k/Roth IRA portfolios

I have yet to fully max out my 403(b) or 457. It looks like I will be able to this next year. DH has focused on contributing to SEP and Roth IRAs; we're now converting his SEP to Roth before IRMAA considerations hit. We're now at high six figures. By my estimates, we will just barely top $1M in 2025...
by Sandi_k
Sun Aug 09, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Large windfall - impact on financial plan
Replies: 20
Views: 1549

Re: Large windfall - impact on financial plan

Make sure that your wife works enough to accrue the necessary quarters of employment for Social Security. Having two SocSec checks in retirement - with a COLA - is a great backup to the investment portfolio and a paid off house.
by Sandi_k
Sat Aug 08, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: New hybrid SUV? Talk me into/out of it
Replies: 24
Views: 1424

Re: New hybrid SUV? Talk me into/out of it

Seems reasonable to me to replace a 16 year old car with a new one. The hybrid RAV4 is a well regarded choice. You might want to research the gas tank issue with the RAV4 Hybrid. Apparently the design of the fuel tank makes it difficult to fill. If that is not a big issue to you, you seem to be in ...
by Sandi_k
Fri Aug 07, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to structure inheritance/trust
Replies: 40
Views: 2608

Re: How to structure inheritance/trust

I think I would set up the trust for two primary things: college, and a first house. So: 1) College: I would have a formula in the trust, something along the lines of "paying for 4 years of college, at the highest cost of a Top 10 public university with non-resident tuition." So - if they get accep...
by Sandi_k
Fri Aug 07, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to structure inheritance/trust
Replies: 40
Views: 2608

Re: How to structure inheritance/trust

I think I would set up the trust for two primary things: college, and a first house. So: 1) College: I would have a formula in the trust, something along the lines of "paying for 4 years of college, at the highest cost of a Top 10 public university with non-resident tuition." So - if they get accept...
by Sandi_k
Fri Aug 07, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: I was recently given a 14% raise and...
Replies: 47
Views: 6475

Re: I was recently given a 14% raise and...

I have had double-digit increases in pay several times in my life; I keep my eye on colleagues and industry pay, and occasionally allow myself to be headhunted to a new position. So congratulations! However, I agree with a previous poster: the more expensive you are, the more visible you are when la...
by Sandi_k
Fri Aug 07, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 2.75% 30 year fixed??
Replies: 8
Views: 1178

Re: Refinance 2.75% 30 year fixed??

I would refi at a 20 year term. Dropping the rate AND the term is what I would want in order to move forward, if it wasn't a no-cost refi.

Check out Penfed.
by Sandi_k
Fri Aug 07, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 162
Views: 19660

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

??? Not sure what you did here. It's the same as the $1200 per month. I get to use bigger numbers in my result 😎 !!! - Ron No, your math is wrong. 25x $14,400 annually is the same thing as 25 x 12 months x $1200 monthly. $360k. If you want the amount indicated by the 4% Rule of Thumb: $4.3M / .04 =...
by Sandi_k
Wed Aug 05, 2020 2:14 am
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 454
Views: 77854

Re: Good Modern Science Fiction

LadyGeek wrote:
Tue Aug 04, 2020 8:49 pm
Yes to both. I didn't read the entire Honor Harrington series, as it seemed to be a bit long in the tooth after 10+ novels. Both were very enjoyable.
:D Yes, I think I tapped out when she became a military instructor on Saganami Island. But fun up until then.
by Sandi_k
Tue Aug 04, 2020 8:46 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 454
Views: 77854

Re: Good Modern Science Fiction

LadyGeek wrote:
Tue Aug 04, 2020 6:59 pm

I also looked at Artemis, by Andy Weir, but it got a lot of bad reviews and I decided to skip it.
It's OK, but it's no "Martian".

If you like Space Opera, have you read the Vorkosigan saga, by Lois McMaster Bujold? Or the Honor Harrington series, by David Weber?
by Sandi_k
Tue Aug 04, 2020 8:44 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 294
Views: 34436

Re: What have you baked recently?

Cinnamon Scones and chewy chocolate chip cookies. I used recipes for both from Sally's baking addiction website: https://sallysbakingaddiction.com Her recipes are fabulous. The scones and cookies were the best I have ever eaten. I better stop though. Dave Thank you! I am a scone fan, so this is gre...
by Sandi_k
Tue Aug 04, 2020 5:06 pm
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8545

Re: How long to keep a car

My threshold is 10 years or 150k miles.

My last car? Was a Lexus RX350 - kept for 10 years and 256k miles. Timing chain, and a real workhorse.
by Sandi_k
Tue Aug 04, 2020 4:43 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 44
Views: 5041

Re: Yet Another University of California retirement savings thread

Thanks for plucking that out of the PDF - very good to know! And I suspect they put it into the 403(b), not the DCP, because your summer salary does not count towards the HAPC calculation for "high three." If they allowed SSB to go to the DCP, it would be funding your pension, which will be capped f...
by Sandi_k
Tue Aug 04, 2020 3:08 pm
Forum: Personal Investments
Topic: Overcoming the fear of an early retirement
Replies: 117
Views: 8574

Re: Overcoming the fear of an early retirement

Have you considered taking a sabbatical, and if so, would your company support this? You sound burned out and maybe some extended time off would give you some perspective. I retired at 62 earlier this year and am pursuing p/t and volunteer work on top of fishing, tennis and golf several days a week...
by Sandi_k
Tue Aug 04, 2020 12:47 am
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 44
Views: 5041

Re: Yet Another University of California retirement savings thread

I paid $651 in employEE contributions, and the UC an equal amount of employER contributions of summer from summer salary into the 403(b) . I didn't choose it that way. It ended up there. I don't max out the 403(b)/457 over equal amounts; rather, I aim to max it out at the start of the year, because...
by Sandi_k
Mon Aug 03, 2020 7:19 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 44
Views: 5041

Re: Yet Another University of California retirement savings thread

So you paid $651 in employee contributions from Summer Salary, and UC paid $651 in EmployER contributions from summer salary. Into DCP, yes, not 403(b)? And in your regular 9 month academic salary, paid out over 12 months: $19,500/12 = $1625 per monthly paycheck into 403(b), as well the 3.5% DCP for...
by Sandi_k
Mon Aug 03, 2020 7:11 pm
Forum: Personal Investments
Topic: Univ California, MBR, limits, and the 403(b) vs DCP counter
Replies: 14
Views: 831

Re: Univ California, MBR, limits, and the 403(b) vs DCP counter

Great to know, thanks! I believe I was able to contribute school year additional contribution to my 457, although only when paid on-cycle (not when a check was issued off-cycle; not sure if that's a rule or they didn't process my contribution request). The advent of UC Path has made planning for no...
by Sandi_k
Mon Aug 03, 2020 3:19 pm
Forum: Personal Investments
Topic: Portfolio and Ramping Up to Retirement Readiness - On Track?
Replies: 4
Views: 625

Re: Portfolio and Ramping Up to Retirement Readiness - On Track?

Bump...

Anyone else care to weigh in? Or is the plan just that perfect?

:D
by Sandi_k
Mon Aug 03, 2020 2:20 pm
Forum: Personal Investments
Topic: Univ California, MBR, limits, and the 403(b) vs DCP counter
Replies: 14
Views: 831

Re: Univ California, MBR, limits, and the 403(b) vs DCP counter

I have a related question: which income is eligible for which buckets? I believe my main salary is eligible for any bucket. Is summer salary (supplemental, such as teaching a summer course, not referencing the normal paycheck paid over 12 months that includes summer months) eligible for contributio...
by Sandi_k
Mon Aug 03, 2020 2:07 pm
Forum: Personal Investments
Topic: Savings rate for sibling starting out
Replies: 30
Views: 1834

Re: Savings rate for sibling starting out

They should look into how much rent they would be paying and save that on top of the 20%. Elizabeth Warren's 50/30/20 formula is accessible for a lot of people. In your sibling's case, the part of that 50 that would go to housing should be redirected to savings. This will give them a more realistic...
by Sandi_k
Mon Aug 03, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: extended coverage title insurance versus Municipal Records Search
Replies: 11
Views: 586

Re: Home purchase: extended coverage title insurance versus Municipal Records Search

We had a situation where a previous reconveyance of a lien was not recorded. The title search missed that in our first refi after purchase, but caught it in the second refi. If we had not had an owners' title policy, we quite possibly would have owed the seller's former wife half the value of our ho...
by Sandi_k
Mon Aug 03, 2020 12:19 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 44
Views: 5041

Re: Yet Another University of California retirement savings thread

And it looks like I may need translating on one statement from the link you posted: The mandatory SSB contributions do not reduce the elective deferral limit for an academic appointee’s voluntary contributions to the 403(b) Plan and/or the UC 457(b) Deferred Compensation Plan I can't tell if that m...
by Sandi_k
Sun Aug 02, 2020 5:28 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 44
Views: 5041

Re: Yet Another University of California retirement savings thread

And it looks like I may need translating on one statement from the link you posted: The mandatory SSB contributions do not reduce the elective deferral limit for an academic appointee’s voluntary contributions to the 403(b) Plan and/or the UC 457(b) Deferred Compensation Plan I can't tell if that m...
by Sandi_k
Sat Aug 01, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9521

Re: Unmotivated daughter and son in law.

Nope, no way. 1) Your ex is tying purse strings in an attempt to run your daughter's life (rules on hoarding? upkeep?). His issues should be something you stay far away from. 2) What happens when they can't pay rent? And it will happen. 3) How is this fair to you and your carefully planned-for retir...
by Sandi_k
Fri Jul 31, 2020 3:00 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 121
Views: 5655

Re: Who is your favorite fiction author and what is your favorite book of theirs?

I read too much to have only one author favorite. I have many. I've been a mystery fan since childhood, started with Encyclopedia Brown, worked my way through Trixie Belden, moved onto Edgar Allen Poe and Arthur Conan Doyle. As an adult, I veer towards series that are well-written, with engaging cha...
by Sandi_k
Fri Jul 31, 2020 1:59 pm
Forum: Personal Investments
Topic: Portfolio and Ramping Up to Retirement Readiness - On Track?
Replies: 4
Views: 625

Re: Portfolio and Ramping Up to Retirement Readiness - On Track?

Sounds like you are in great shape. I would do a little more modeling of the survivor situation. If pensions do not continue, are each of you in good shape if they end up as the surviving spouse. Thanks, David! Yes, the pension election would have a 100% survivor benefit. With 36 years of service, ...
by Sandi_k
Thu Jul 30, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much home can I afford?
Replies: 42
Views: 3455

Re: How much home can I afford?

So you have $1.2M in cash and taxable/non-retirement funds. And you're currently spending $25k per year on rent. Income is $275k base, $200k side gig, + stock options of $350k annually. I would - Rent someplace that was more like $4-5k per month for the next 18 months ($36k more per year than your c...
by Sandi_k
Thu Jul 30, 2020 9:08 pm
Forum: Personal Investments
Topic: Portfolio and Ramping Up to Retirement Readiness - On Track?
Replies: 4
Views: 625

Portfolio and Ramping Up to Retirement Readiness - On Track?

Emergency funds: Eight+ months of expenses Debt: 1 – Mortgage. Balance $390k, house value $875k. 2 – Car loan, 2.99%, $11k outstanding. Holding onto cash right now; my job is secure at the moment, but DH’s freelance income has taken a hit. It’s possible I could be facing a layoff next fiscal year. ...
by Sandi_k
Thu Jul 30, 2020 12:28 pm
Forum: Personal Consumer Issues
Topic: Toyota RAV4 Gas vs Hybrid?
Replies: 64
Views: 3265

Re: Toyota RAV4 Gas vs Hybrid?

I have a 2019 RAV4 hybrid Limited. My comments: - The hybrid model (at least for 2019) had additional sound-deadening under the hood which leads to a quieter drive in comparison to the gas version. - How much offroad driving are you doing? If not much, you might also consider the soon-to-be-debuted ...
by Sandi_k
Tue Jul 28, 2020 10:23 pm
Forum: Personal Investments
Topic: Are Higher Stock Allocations the Only Option for Retirees?
Replies: 94
Views: 6631

Re: Are Higher Stock Allocations the Only Option for Retirees?

We are holding cash, TIPS fund (VAIPX) and Ginnie Mae funds (FGMNX) as our FI portion of the portfolio. Currently at 65%/35% for stocks vs. FI. And the TIPS fund is up ~ 7% YTD.
by Sandi_k
Tue Jul 28, 2020 9:57 pm
Forum: Personal Consumer Issues
Topic: Best platform for selling used car?
Replies: 11
Views: 906

Re: Best platform for selling used car?

I've sold two cars via CL in the past three years. My method: 1) List it using the CL anonymizer email system. 2) DO NOT include a phone number. 3) Post the listing with at least 10 clear pics: front of car, driver's side, rear bumper, passenger side, driver interior, back seat interior, trunk inter...
by Sandi_k
Mon Jul 27, 2020 12:46 pm
Forum: Personal Investments
Topic: Help me manage my 85-year old MIL's money
Replies: 12
Views: 2017

Re: Help me manage my 85-year old MIL's money

privateID wrote:
Sat Jul 25, 2020 4:24 pm

can one go to an accountant just to check the work of Turbotax and to get ideas? Has anyone here ever done that?
Our accountant charges by form used. She'd need to do all the data entry in her professional program, regardless of a pre-existing TT file. No discount.
by Sandi_k
Sun Jul 26, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Debate - 15yr (pay mortgage quicker) or 30yr (increase cashflow)
Replies: 32
Views: 1889

Re: Refinancing Debate - 15yr (pay mortgage quicker) or 30yr (increase cashflow)

I'd find a 20 year mortgage, and split the difference: less interest paid, shorten the term, AND increase cash flow.
by Sandi_k
Sun Jul 26, 2020 12:03 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 600
Views: 152044

Re: My New Car Buying Tips

Thanks, grabiner. Hopefully I get lucky with my negotiations. This for a Lexus RX350 SUV, so not sure if there is much wiggle room for luxury vehicles. Check out the Club Lexus forums for the RX350. They'll be very helpful in giving an idea of offers that have been successful. When I bought mine in...
by Sandi_k
Sat Jul 25, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Private Party Sale of Car in California: Bait and Switch Update at Post 17
Replies: 34
Views: 2877

Re: Private Party Sale of Car in California: Bait and Switch Update at Post 17

We bought a car from a private party in California. We met him at his bank to complete the financial transaction. His bank verified that we had the money in our account to cover the amount of the check. He signed the title over to us at that time. And then you could have gone to your bank and withd...
by Sandi_k
Fri Jul 24, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Retirement Relocation - Permaculture - Western and Southern Cities
Replies: 49
Views: 3462

Re: Retirement Relocation - Permaculture - Western and Southern Cities

I grew up in CA's San Bernardino county. It's high desert, not mild climate at all in the summer. Temp swings can be 50 degrees between nighttime (70 degrees) and daytime (120 degrees). Murrieta is similar; and Chino is just plain urban. I would suggest an agricultural area closer to central CA - su...
by Sandi_k
Fri Jul 24, 2020 2:28 pm
Forum: Personal Investments
Topic: Inheritance Advice
Replies: 15
Views: 1323

Re: Inheritance Advice

Which brokerage holds your investments already? I would not complicate matters by opening another brokerage account, especially with ML. I would have my current brokerage "pull" the inherited accounts over, and negotiate a free trade bonus for adding assets. Next: health insurance. I'd be checking o...
by Sandi_k
Fri Jul 24, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Private Party Sale of Car in California: Bait and Switch Update at Post 17
Replies: 34
Views: 2877

Re: Private Party Sale of Car in California

Check your state to see if a Damage Disclosure type statement is required. Usually it is only for vehicles 10 years old or newer. On the title, there is a section for you to fill out. Let the buyer fill out his section. Let them drive it, kick the tires. Agree on the price. Accept cash or a bank ca...
by Sandi_k
Wed Jul 22, 2020 7:40 pm
Forum: Personal Consumer Issues
Topic: Thought about buying a small motor home, but the market is crazy
Replies: 90
Views: 7156

Re: Thought about buying a small motor home, but the market is crazy

Sandtrap wrote:
Wed Jul 22, 2020 9:40 am
Find a mint to great condition used Dodge Explorer or Roadtrek 210 and restore it?

Used to be a YouTube channel called “Explorer Steve” or something like that where he details restoring his class B
j🌺
The Sportsmobile forums have a great DIY sub-forum.
by Sandi_k
Wed Jul 22, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 117
Views: 9133

Re: Best watch for $5,000+

Owning the right Rolex is quite stealthy I would say. I've only been wearing mine to work for 3 days now and noone noticed out of the roughly 20 people I met, but as far as I read online noone will notice (thats also why I quoted mak1277). Any other brand is completely anonymous for non-watch peopl...
by Sandi_k
Wed Jul 22, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26723

Re: What surprised you the most once you retired?

My last day of work was on a Thursday. Someone thought that was a bit odd and asked me why I chose a Thursday to retire on. I replied that I wanted to start my retirement with a three day weekend. :D Funny. :D I have my date picked out, based on COBRA coverage ad DH's age until Medicare coverage. B...
by Sandi_k
Wed Jul 22, 2020 1:44 pm
Forum: Personal Consumer Issues
Topic: top suvs for tall driver & good mpg
Replies: 36
Views: 2353

Re: top suvs for tall driver & good mpg

I am 6'4" and am comfortable in a RAV4. Gas version gets decent (~25MPG city+highway) mileage. Am sure the hybrid does better if you're willing to pay the upfront extra charge. Mine is a 2019, and gets 42 mpg. Which drops to ~ 37 mpg when my husband is driving. ;) Base price is ~ $30k; fully loaded...
by Sandi_k
Tue Jul 21, 2020 3:12 am
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to retire - it's difficult!
Replies: 77
Views: 9064

Re: Deciding whether to retire - it's difficult!

In CA, for example, they have extended federal COBRA regulations, so that residents get 36 months of COBRA total. That means I can retire the day after my DH turns 62 (I'll be 60 and 2 months old), and he'll be covered with either COBRA or Medicare from here on out...and I would only have to pay fo...
by Sandi_k
Sun Jul 19, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: sweet spot for used cars: Price and mileage?
Replies: 52
Views: 4248

Re: sweet spot for used cars: Price and mileage?

I owned a Subaru Legacy wagon, and drove it for 10 years. It was the best car I have ever owned in terms of reliability and cost to maintain it (note I had the 4 cylinder engine). 128k miles, and the only non-maintenance expenses were to replace the alternator, and one wheel bearing that went bad. I...
by Sandi_k
Sun Jul 19, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding whether to retire - it's difficult!
Replies: 77
Views: 9064

Re: Deciding whether to retire - it's difficult!

If you're concerned about if it's "time" yet, or what you'll do in retirement, offer to go to 60%/3 days per week. You can offer it as a voluntary reduction during COVID times. Get the bonus and payout for this year, and use the next 6 months to plot out your income sources, your expenses, and figur...
by Sandi_k
Wed Jul 15, 2020 11:28 pm
Forum: Personal Consumer Issues
Topic: Which household items have made your life easier/more convenient/happier?
Replies: 78
Views: 5264

Re: Which household items have made your life easier/more convenient/happier?

Lots of things have really made a difference in the Time of Covid: • A deck furnished with chairs for enjoying cocktail hour. • Outdoor speakers for music (ripped all our CDs to a lossless FLAC format). • High quality indoor Sonus-Faber Cremona speakers, playing all those FLAC files • Ceiling fans i...
by Sandi_k
Sat Jul 11, 2020 6:56 pm
Forum: Personal Consumer Issues
Topic: 1st Car Purchase - Volvo XC90 vs. Lexus RX350
Replies: 70
Views: 4941

Re: 1st Car Purchase - Volvo XC90 vs. Lexus RX350

I've never owned a Volvo and likely never will but our 2011 RX350 is probably the best car my wife and I have owned in 30 years. Amazingly it still has not had a repair. I don't mean a major repair I mean ANY repair. We've just changed the oil/filter and gotten new tires in 9 years and my wife driv...
by Sandi_k
Tue Jul 07, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 210
Views: 17196

Re: Some possible luxury SUV choices to buy: Opinions?

CycloRista wrote:
Mon Jul 06, 2020 7:36 pm

Based on what is currently available, nearly all SUV's consume far too much fuel for me... a hatchback of some sort is a lot more fuel efficient and economical.
My RAV4 hybrid is getting 42 mpg. Which is why I sold the 2010 Lexus, at 21 mpg.