Search found 199 matches

by multiham
Sun Jun 10, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3884

Re: Retire in 2 years at 55 - Can I do it

House paid off? Medical insurance covered from former employer. To be safe, work extra years more even part-time with medical insurance coverage. House will be paid off. If I make 55 at the megacorp I work for, I get to buy benefits at current employee rates. This will be about 15% of the $35,000 I...
by multiham
Sun Jun 10, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3884

Retire in 2 years at 55 - Can I do it

Would like to understand if the group believes I can retire in 2 years at 55 Situation $1.7 million in 401K $400,000 in Taxable Accounts Will contribute another $60,000 to 401K before retirement and additional $30,000 to taxable Pension worth $56,000 per year (NO COLA) if I start taking in 2020 and ...
by multiham
Fri Jun 08, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3461

Re: Porsche Macan

Love your choice in cars! My experience goes all the way back to 2009 so not sure it is still relevant. Wanted a Boxster S and thought it was going to be like any other car negotiation I had ever done. I would start by offering at least 10% off sticker price and then play the game of offer/counter o...
by multiham
Fri Jun 08, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5686

Re: daughter wants a college transfer?

Ultimately, it is her decision to transfer or not. You can make suggestions, hold back funding(if you are paying), and say no, but it is her life and she will have the final say. If you have talked to her and she is still 100% into transferring, spend your energy helping her find the right school. Y...
by multiham
Sun Jun 03, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy at 55
Replies: 16
Views: 3206

Re: Investment Strategy at 55

I would be extremely careful in making these changes for 2 main reasons: 1. You don't want to be "blamed" if your suggested moves do not work out and her overall investments decline. I know the investments would probably decline at ML also, but that was her choice to go with them. 2. Some people jus...
by multiham
Sun Jun 03, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 83584

Re: How much money do you want to retire?

2 million would be great. 53 years old, spouse is 50. My goal is to have the ABILITY to retire the day I hit 55. If I’m enjoying my work, I’ll stay 2 more years. If not, I’m retiring. Here is my rationale. 1. Megacorp goes through 1 or 2 layoffs per year. Had enough of that stress. 2. Have built con...
by multiham
Sun May 20, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 604

Re: Help Selling Stock to Diversify

A. Selling shares that will generate a small ($1,500) short term loss B. Selling shares that will generate a long term loss ($250) and some short term loss C. Selling shares that will generate a long term gain (I have long term shares with a cost basis ranging from $30 to $110 while the stock is se...
by multiham
Sun May 20, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 604

Re: Help Selling Stock to Diversify

If you are already over NIIT ($250k for a couple), I'd just sell a lot but definitely stay under the $479,000 threshold where the 15% cap gain changes to 20%. If you are over NIIT, you will pay 18.8% on the long term gains no matter how much you sell (if you stay under $479k). There is no financial...
by multiham
Sun May 20, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 604

Re: Help Selling Stock to Diversify

Thank you both for the help. I am going to read up on the Net Investment Tax. I have to remember to not let the tax implications make all of my decision.
by multiham
Sun May 20, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 604

Help Selling Stock to Diversify

Over the years, I have acquired stock in the company I work for. Some of the shares go back to 1990 when I first started working for them. I have always known that I shouldn't have a high percentage of my net worth in the same company that I rely on for my job. My plan is to sell some each year over...
by multiham
Fri May 11, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Dealer sold me a Certified Vehicle invloved in a prior collision
Replies: 23
Views: 3156

Re: Dealer sold me a Certified Vehicle invloved in a prior collision

My only question is who does the inspection and maintenance to have the car classified as CPO? IMHO if it is the selling dealer, their inspection of the vehicle would have uncovered that the car had been repaired. Do agree that just because a car is CPO, that does not mean it was never in an accident.
by multiham
Sat Apr 28, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: When would you replace a car?
Replies: 34
Views: 3479

Re: When would you replace a car?

You will have enough to worry about, stress over, etc with a new baby. Get a new or newer car that has all the features you are looking for. Just imagine after countless nights of not getting enough sleep, you have a day where you need to go someplace. You spend the 15 minutes getting the baby ready...
by multiham
Thu Apr 19, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 36
Views: 4447

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

Camry's had cash back and 0% interest for 60 months in March. This month Toyota is trying to move Corolla's which have $1,500 cash back and 0% financing for 60 months. If you can wait, my guess is that the cash back on Camry will happen again over the next couple of months. My local dealer told me t...
by multiham
Thu Apr 05, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Microsoft tech support scam - how to recover?
Replies: 39
Views: 6089

Re: Microsoft tech support scam - how to recover?

I used to get these calls all the time. One time I decided to play along. Got a call and it was Microsoft Tech support telling me that my computer was throwing off mad errors. Told the scammer that I did not have a computer. He told me everyone has a computer, either a laptop or a desktop and one of...
by multiham
Sun Mar 18, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Bogleheads car buying strategies with new safety technologies
Replies: 71
Views: 6080

Re: Bogleheads car buying strategies with new safety technologies

I'm a fan of technology. Just test drove a Subaru Crosstrek yesterday with the Eyesight system and Rear Automatic Braking. With all the bells and whistles. I will probably spend about $4,000 more for the car than I would for a base model with some options I want. I will continue to drive with the sa...
by multiham
Sun Mar 11, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Huge special assessment on Condo?
Replies: 60
Views: 6960

Re: Huge special assessment on Condo?

I've owned 2 condos over the years. The HOA board has always been able to tell us where the funds from projects are coming from. They should know how much is coming from reserves versus how much additional they will need to collect (if any). Also should be able to tell you how they will handle the s...
by multiham
Sun Mar 11, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 12278

Re: Ok fellow bogleheads, was the correction scary or nothing?

Well I admit that I found the dip scary. I'm 59 yo and looking to retire in the next 3 years. I had no worries during 2008, but then the number of years to retirement was greater and I was confident that I would likely recoup my losses in the next 10-15 years. Not so this close to retirement. As a ...
by multiham
Mon Mar 05, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Which car, Porsche Cayenne or Volvo XC90?
Replies: 71
Views: 6562

Re: Which car, Porsche Cayenne or Volvo XC90?

I vote for the Porsche. I've driven both and the Porsche for me was just a better driving car. Had a better feel of the road. The Volvo was nice, but it seemed to "float" through turns to me. No real feel. I like an SUV that does not have body roll when you enter a turn a little aggressively. The Po...
by multiham
Sun Mar 04, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 8044

Re: Whole House Natural Gas Generator

I do not view my whole house natural gas generator as something that will increase the value of my house. I do think there are certain people who have experienced extended power outages and if my house and another are in their consideration set, may help sway them my way. We just lost power for abou...
by multiham
Tue Feb 20, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Trade my BMW?
Replies: 45
Views: 3174

Re: Trade my BMW?

I've had great experiences with 2 BMW's, so I don't understand the bashing. Not sure what you are trying to accomplish as you are looking to trade an SUV on either a passenger car (Camry) or another SUV (4-Runner). Do you need the space and functionality of an SUV or is a car ok? The 4-Runner will n...
by multiham
Wed Feb 07, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: what to do with patent plaques and other work awards?
Replies: 45
Views: 3471

Re: what to do with patent plaques and other work awards?

Don't know your family situation, but I would keep a couple of them. My grandfather passed away when I was 5. I'm proud to own 2 things that got passed down from my grandfather to my father and than to me. One is a plaque from Western Electric when my grandfather retired. The second is his retiremen...
by multiham
Sun Feb 04, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 21631

Re: For BHs who actually like cars - what is your daily driver?

16 VW Golf R - AWD with snow tires in the winter :happy

Summer Tires rest of year and this car is a blast to drive. 4 door, easily fits 3 adults plus driver. Very stealth in Limestone Gray.
by multiham
Mon Jan 29, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 3308

Re: Buy a new car or not?

Trade it at a dealer for a brand new, leftover 17 GTi. Not a lot of them left but they're out there and I still see them for under $20k. Yah....Golf R, GT-R, STi, WRX.....if you buy one used that hasn't been modified, you're quite lucky. I know in the Subaru community, owners are expert at "returni...
by multiham
Mon Jan 29, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 3308

Re: Buy a new car or not?

Have you thought about re-programming it back to factory settings? That will take a lot of pressure off the key components of the car. Sounds like you want a new car, so I would just get it. Sounds like you can easily afford it, so get what you like. One word of caution is that you may have difficul...
by multiham
Sun Jan 28, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: How to choose a college
Replies: 67
Views: 3520

Re: How to choose a college

My opinion of College Confidential is that about 50%+ of what you read is upset students/parents posting because they either didn't get accepted to a certain school or significantly inflating what scores/grades they received. I had to stop reading it with my son (Junior in High School) as we both co...
by multiham
Sat Jan 27, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: I don't think my lady is very good at saving money, how do I handle?
Replies: 50
Views: 4230

Re: I don't think my lady is very good at saving money, how do I handle?

If this bothers you now, I suggest ending the relationship. I can't imagine this will ever work as you will scrutinize every purchase she makes and she will say that you are being cheap. Unless you are really willing and ready to change your ways, this will not end well. I'm not saying either of you...
by multiham
Sun Jan 21, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6290

Re: Discussing a 529 with your kids

Sorry if I implied my son was looking at MIT. He is not. I was just using this as an example (must have been a poor choice). I know a few people in the aerospace industry and know that an MIT degree is really valued, had no clue it was a good philosophy school.
by multiham
Sun Jan 21, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6290

Re: Discussing a 529 with your kids

I have 1 child in high school and 1 in middle school. They both know exactly how much I am trying to save for them in the 529 plan. My oldest child understands that I'm saving a higher absolute amount for my youngest as she is 3 years behind him and costs will continue to increase. If everything wor...
by multiham
Sun Dec 31, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Checked bag to HI, worth cost and trouble?
Replies: 36
Views: 2987

Re: Checked bag to HI, worth cost and trouble?

The last thing I want to do when I go on vacation is to go shopping at Wally World. I would rather be relaxing at the beach, sightseeing, or any other pleasurable activity than shopping. You asked if the checked bag is worth the cost and trouble. I think it is the total opposite. Are you willing to ...
by multiham
Sun Dec 31, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use my high expense ratio PA 529 vs the cheaper vanguard (Nevada) plan for asset protection?
Replies: 5
Views: 481

Re: Should I use my high expense ratio PA 529 vs the cheaper vanguard (Nevada) plan for asset protection?

No one can answer this question but you. You have all the numbers you need to make the decision. Is the peace of mind worth more to you than $6,000? The fact that you even thought about the catastrophic example tells me your peace of mind may be worth more than $6,000.
by multiham
Wed Dec 27, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14770

Re: Another should i buy my dream porsche thread...

Get the Porsche!! The only thing I would change about your plan is to do a more exhaustive search on exactly what model and year you want. Looking, searching forums, and test driving different examples is half the fun of the process. Make sure you get it optioned out just the way you want. Don't set...
by multiham
Tue Dec 26, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5245

Re: Miata as second car

Love the car and it is a blast to drive. Hopefully you have some roads around you that will let you experience the Miata's true strength which is its handling. I live in PA and have a friend who has a Miata, put snow tires on it, and it is an absolute beast with up to 4 to 5 inches of snow. After th...
by multiham
Tue Dec 26, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 8403

Re: manual car for new teen driver

As a parent of a 16 year old who just got their license last week, I'm not so sure about the benefits of starting on a manual transmission. Maybe my son is just overly cautious, but he is hesitant about making a right turn from a stop sign onto a 50mph road. He will wait until you can barely see any...
by multiham
Sun Dec 24, 2017 10:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 10212

Re: My Christmas Present to You

Dear Boglehead: Seventy-three years ago on Christmas Eve, during the Battle of the Bulge, I was a 20-year old scared paratrooper in a snow-covered foxhole protecting the important transportation town of Bastogne, Belgium. The Germans had us surrounded and demanded our surrender. Our commander said ...
by multiham
Sun Dec 24, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 7995

Re: car thread- too much money?

Buy the cars. You seem worried about being able to find reliable used cars. Since this is the case, just buy the new ones. Your income is fine, you already said your job is stable. Find some great financing and get the deal done. Please understand I'm a car guy who loves driving and doesn't believe ...
by multiham
Tue Dec 19, 2017 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 8198

Re: Can I afford it: Dodge Challenger

Get the car if it will make you happy. Drive the heck out of it. I’m over 50, and have a VW Golf R with 300 hp. It brings a smile to my face everyday on the way to and from work. I don’t drive fast, but I sure get up to the speed limit quickly! I laugh at people who think a sports car is a bad buy. ...
by multiham
Mon Dec 11, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 8634

Re: Snow Tires? Worth it?

They are worth every penny you pay for them. If they help you stop just a few feet shorter in an emergency, you will be happy you bought them. I went on Tire Rack and purchased winter tires (Michelin X-Ice) and rims. Go on the Tire Rack website and watch some of the videos. Tire Rack included the ba...
by multiham
Sun Nov 26, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 4199

Re: Let Go by MegaCorp - Lots of options

Including your home you have approx 4m in assets and an incredible pension around the corner. You can do anything you want and if it were me I'd go with option 2. Find some part time work possibly in a different field you've been interested and enjoy life. If you find yourself wanting to work more ...
by multiham
Sun Nov 26, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 4199

Re: Let Go by MegaCorp - Lots of options

Fair push back, I was giving perspective from my MegaCorp employer. They were very clear about the conditions around receiving severance. Violation of those signed agreements could have resulted in legal action against the former employee including potential loss of any unvested options or RSUs. De...
by multiham
Sun Nov 26, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 4199

Re: Let Go by MegaCorp - Lots of options

Assuming you would still get severance package with option 3, [/b] I would say that is a no-brainer if not to give you additional funding while looking for the perfect part time gig. With your pension and nest egg plus social security, I would be VERY tempted to retire and enjoy the last few years ...
by multiham
Sun Nov 26, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 4199

Let Go by MegaCorp - Lots of options

I always try to take emotions out of my decisions, but having difficult time right now. Situation My position was eliminated with the latest downsizing at the Megacorp I work for. Have worked at same company for 25+ years Last day is December 31 Age 52 Company has for the most part treated me right ...
by multiham
Sun Nov 26, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1475

Re: Funded Roth and Now my MAGI is too high to qualify

Was this the only holding in the Roth IRA? If not, then the converted value would be prorated across the entire Roth IRA (at the same custodian). For example if your $2000 contribution this year grew to $2200, and the Roth IRA grew from $10,000 to $13,000, then you would need to recharacterize $260...
by multiham
Sat Nov 25, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1475

Re: Funded Roth and Now my MAGI is too high to qualify

As I mentioned in my earlier posts, here is a summary of what I did and a new questions I have 1. In May of this year, thinking my MAGI would be low enough to allow for a Roth Contribution, I put $2,000 into my Schwab Roth account which already had some investments in it from prior years. 2. With th...
by multiham
Sun Nov 19, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 15028

Re: The valet smashed my Tesla into a brick wall!

I'm so sorry to hear this. Unfortunately, I think you and your insurance company may need to go after the valet service and their insurance pretty hard. In many cases where people have supercars (and no I don't have one, I have a VW) or other expensive cars, you can insure it for an agreed upon valu...
by multiham
Sun Nov 05, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1475

Re: Funded Roth and Now my MAGI is too high to qualify

Thank you! I will do this tomorrow.

Based on what I've read, I have not caused any taxable events (until I take money out of the TIRA once I'm 60+)
by multiham
Sun Nov 05, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Funded Roth and Now my MAGI is too high to qualify
Replies: 9
Views: 1475

Funded Roth and Now my MAGI is too high to qualify

Thought this was the year I could do a Roth contribution as our MAGI was going to allow us to qualify. Good news is my spouse started a new job that she really likes and pays well. Only downside, and its a small one, is that our MAGI is now too high to fund a Roth. Situation as follows: Contributed ...
by multiham
Sat Oct 28, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 10401

Re: Can I retire today?

Enjoy your retirement!! It doesn't sound like you will follow any of the suggestions to slow down or refuse to do work which I personally believe is the wrong way to act. Doing any of that just hurts the other people you work with. Just feel good knowing that your bosses taxes are helping pay for yo...
by multiham
Mon Oct 16, 2017 8:17 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 18685

Re: anyone else not liking the new cars?

Would love to see the opinions of the Toyota/Lexus grille based on age group and car enthusiast. My take is that the younger crowd will like the grille. I really like the look of the new Camry as I think they mad is sportier looking upfront. I'll jump in with 2 more opinions on some comments in thi...
by multiham
Sun Oct 15, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 1037

Re: Estimating Taxes

Thank you, I will check out the spreadsheet. I created one myself, but I don't have 100% confidence in my Excel skills or my full understanding of the tax laws! If you are in AMT territory it gets awfully complicated. I would at least check it against the on-line tax calculators. JW Agree. Thats wh...
by multiham
Sun Oct 15, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 1037

Re: Estimating Taxes

Thank you, I will check out the spreadsheet. I created one myself, but I don't have 100% confidence in my Excel skills or my full understanding of the tax laws!