Search found 373 matches

by Streptococcus
Fri Feb 07, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

The commute/traffic will be worse in reality than what people tell you. Renovating is extremely expensive - I haven’t priced it, but I’d guess building is too. Personally, I think it’s unrealistic to cut your income and move to a more expensive area while expecting to save at the same rate. As othe...
by Streptococcus
Wed Jan 29, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Is renting long term a viable (efficient) financial option in NoVa? We plan on buying a home only if it makes sense financially. If renting makes more sense we will just be renting. We have a “gypsy” lifestyle and plan on moving to “the beach” :beer in 6 years when all the kids are in college. You ...
by Streptococcus
Wed Jan 29, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Is renting long term a viable (efficient) financial option in NoVa? We plan on buying a home only if it makes sense financially. If renting makes more sense we will just be renting. We have a “gypsy” lifestyle and plan on moving to “the beach” :beer in 6 years when all the kids are in college. You ...
by Streptococcus
Wed Jan 29, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Is renting long term a viable (efficient) financial option in NoVa? We plan on buying a home only if it makes sense financially. If renting makes more sense we will just be renting. We have a “gypsy” lifestyle and plan on moving to “the beach” :beer in 6 years when all the kids are in college. Stre...
by Streptococcus
Wed Jan 29, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

...Living xpenses without housing becomes 89K. We have no car payment so it’ll be less. I cant see us spend 89K a year without housing but what do I know about NoVa? :confused I'm confused too because those numbers don't add for me. 240 - 46 (taxes) - 80 (savings) - 36 (housing) = 78, not 89. Our n...
by Streptococcus
Wed Jan 29, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

...Living xpenses without housing becomes 89K. We have no car payment so it’ll be less. I cant see us spend 89K a year without housing but what do I know about NoVa? :confused I'm confused too because those numbers don't add for me. 240 - 46 (taxes) - 80 (savings) - 36 (housing) = 78, not 89. Our n...
by Streptococcus
Wed Jan 29, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

The biggest expense in a HCOL area is the cost of living. There is no magic here. Keep you living expense down by purchasing the smallest house you can stand and be happy in. You look at the bay area and people are buying houses 4x-5x of income because they feel they have no choice. This is a recip...
by Streptococcus
Wed Jan 29, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Hello Bogleheads, Sometime back, I started a thread seeking advice on the decision making as I changed job and was considering different destinations across the country. Your inputs were great and very appreciated. I was considering moving to OKC, Orlando, Miami, etc. We are a family with young tee...
by Streptococcus
Wed Jan 29, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Is renting long term a viable (efficient) financial option in NoVa? We plan on buying a home only if it makes sense financially.
If renting makes more sense we will just be renting. We have a “gypsy” lifestyle and plan on moving to “the beach” :beer in 6 years when all the kids are in college.
by Streptococcus
Wed Jan 29, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Homes in many parts of NoVa do go for $1M+. The less expensive homes tend to be smaller and older, or to be townhouses or condos. Specific school pyramids and proximity to Metro are two major factors affecting NoVa home prices. Homes in the more desirable high school pyramids in Fairfax County, for...
by Streptococcus
Wed Jan 29, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Income of $240K (OP only) $20K: 401k $50K: taxes $50K: housing? $120K: remainder? If OP can manage other living expenses under $70K, he may be able to save $70K and up. Note: we save around 40% of the gross without difficulty in VHCOL. Here’s the plan, if we only had my income: Income 240K Job offe...
by Streptococcus
Tue Jan 28, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Thank you for your comments. I agree that housing and cars will be a big factor in cost of living. We will have no car payment when we move. We usually keep them for 10-12 years. I have to see if it’s worth renting or buying. A colleague of mine told me that there is more value in buying land and b...
by Streptococcus
Tue Jan 28, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Thank you for your comments. I agree that housing and cars will be a big factor in cost of living. We will have no car payment when we move. We usually keep them for 10-12 years. I have to see if it’s worth renting or buying. A colleague of mine told me that there is more value in buying land and bu...
by Streptococcus
Tue Jan 28, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

Re: How to save BIG in a HCOLA

Thanks a lot of your comments. They are quite helpful :happy
by Streptococcus
Tue Jan 28, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5170

How to save BIG in a HCOLA

Hello Bogleheads, Sometime back, I started a thread seeking advice on the decision making as I changed job and was considering different destinations across the country. Your inputs were great and very appreciated. I was considering moving to OKC, Orlando, Miami, etc. We are a family with young teen...
by Streptococcus
Tue Dec 31, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on Parents' dire financial situation
Replies: 39
Views: 3879

Re: Need advice on Parents' dire financial situation

I think any advice should start with determining how much they spend to live.
by Streptococcus
Fri Dec 27, 2019 6:37 pm
Forum: Personal Investments
Topic: For those like me who have never invested in a recession
Replies: 3
Views: 739

Re: For those like me who have never invested in a recession

The 10% bond total return is a fluke and probably will not be repeated until after a year when bonds are down 4% or so. Sound familiar? What is the 2-year return of your bond fund? Also think about how fortunate events were to have the 20% 2018 drop finish in late December 2018. If it had finished ...
by Streptococcus
Fri Dec 27, 2019 5:38 pm
Forum: Personal Investments
Topic: For those like me who have never invested in a recession
Replies: 3
Views: 739

For those like me who have never invested in a recession

Last year, around this time, a friend and I bet 1 buck that 2019 would be the year of the new great recession. I was the one betting on the recession. But I stayed the course on my investments. I dont calculate investment returns ever. The only thing I know is that this year, the market gifted my po...
by Streptococcus
Wed Oct 30, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

I truly believe that we should all seek the life that we would do if we had 100M. It's a good heuristic for all of us. In reality, your questions make little sense to me because if your three hypothesis were true, I would not have aspired to retire early to begin with and I would want to work full ...
by Streptococcus
Wed Oct 30, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 8092

Re: Agreeing to part ways at job

I am currently employed under a teachers contract in education. I do not teach but support teachers and students. A new administration came in last year and has actively attempted to get me to resign through false accusations and making my life miserable. As an example I was recently written up and...
by Streptococcus
Tue Oct 29, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by Streptococcus
Tue Oct 29, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

I've been thinking about this a lot lately as I learn more about happiness research and how beneficial a sense of purpose, social interaction, growth/learning and routine are for humans. Sure you can get those things outside of work, but it's hard to recreate all that in retirement - especially wit...
by Streptococcus
Tue Oct 29, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

So I Adjusted my IPS: No more early retirement. For the next 5 years - I will work 4 days a week, take at least 7 weeks off per year. No more long hours Then the next 5 years - I will work 3 days a week, take 12 weeks off Then indefinitely, I will only work 6 months a year. It will be consecutively...
by Streptococcus
Mon Oct 28, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

I've been thinking about this a lot lately as I learn more about happiness research and how beneficial a sense of purpose, social interaction, growth/learning and routine are for humans. Sure you can get those things outside of work, but it's hard to recreate all that in retirement - especially wit...
by Streptococcus
Mon Oct 28, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

So you changed your mind and don’t plan to retire early anymore because you enjoy your job. Nothing wrong with that! You will be able to afford that choice when you are totally financially independent. At that point, you will decide to continue working or also will be able to change your mind again...
by Streptococcus
Mon Oct 28, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by Streptococcus
Sun Oct 27, 2019 5:48 pm
Forum: Personal Consumer Issues
Topic: Should we downshift and move to Europe?
Replies: 40
Views: 5629

Re: Should we downshift and move to Europe?

I am pondering the same thing. I am in immigrant in US, currently a citizen. Kids will go off to college in another year or so. Pondering over Portugal and Spain for the weather. Need to find a low key job to keep my brain cells active. Working for a US based Tier 1 telco, so not much opportunity t...
by Streptococcus
Sun Oct 27, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by Streptococcus
Sat Oct 26, 2019 9:36 pm
Forum: Personal Consumer Issues
Topic: Should we downshift and move to Europe?
Replies: 40
Views: 5629

Re: Should we downshift and move to Europe?

Great to hear you consider some alternatives. How long would it take for you to become US citizens? Im in a similar situation and i know that you can apply citizenship in around 5 years after you have your GC. I would get citizenship and move on with plan because then you can always come back to US...
by Streptococcus
Sat Oct 26, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by Streptococcus
Fri Oct 25, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

Re: I no longer plan on retiring early

I find myself going back and forth on this a lot. My spouse wants to continue working forever (well, until health issues stop her from doing so). I always envisioned early retirement. I haven't been really tracking 'my number', but if we both continue working til we are 67 (30 years from now), we w...
by Streptococcus
Fri Oct 25, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16404

I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working fo...
by Streptococcus
Fri Oct 18, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

Howdy I am sort of scratching my head because this seems an artificially limited set of choices. If anyone has choices in where to live and work it is a well qualified physician. My choice between OKC and Orlando would be neither.I would look for Door No. 3. Places with better opportunities, better...
by Streptococcus
Thu Oct 17, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

I am from Oklahoma City. Some things you should know about us: 1) The weather is changeable. A bloody sun blazing through mountainous thunderheads, strange stillness when no birds sing, an odd light over everything like a disco ball spinning - two hours later, the sweetest breeze you ever felt on y...
by Streptococcus
Thu Oct 17, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

A fellow physician here, also one who happens to work at a less desirable location. If you like Orlando I am sure there are other opportunities for you. A colleague who is eventually going to retire in Orlando considered a job at the VA hospital for a few years before retiring but eventually decide...
by Streptococcus
Thu Oct 17, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

I am from Oklahoma, my sister lives in Edmond, oldest child went to college in Oklahoma to my surprise. However, I would never move to Edmond or OKC. I don't know your political or religious affiliations, and I don't care, but I would consider the culture of the cities especially if raising childre...
by Streptococcus
Thu Oct 17, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

I am from Oklahoma, my sister lives in Edmond, oldest child went to college in Oklahoma to my surprise. However, I would never move to Edmond or OKC. I don't know your political or religious affiliations, and I don't care, but I would consider the culture of the cities especially if raising childre...
by Streptococcus
Thu Oct 17, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

I could live in either city pretty easily. Having said that, if OKC is giving me an extra $100k, I'll learn to love it more than Orlando (although being that close to Tampa is nice). On top of that you have the partnership issue. Just based on those points alone, this would be an easy decision for ...
by Streptococcus
Thu Oct 17, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

This is foremost a personal decision as where you live affects more than just your financial situation. Doctors are in great demand as far as I know. Are these really your only two options? Neither option seems ideal - OKC is another less-than-ideal situation albeit for higher pay and FL job seems ...
by Streptococcus
Thu Oct 17, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

Kind of a weird choice between two completely different cities. I find it surprising that someone who would consider living in OKC would also consider living in Orlando. Does your lifestyle easily fit both cities? :shock: In my case it would be an easy pass on both. The southeast isn't my type of w...
by Streptococcus
Thu Oct 17, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

I also live in Edmond, a higher income suburb north of OKC - and it's a great town - there's also Nichols Hills, another really nice "city" inside of OKC. OKC isn't as bad as its reputation. I heard someone mention Tornadoes - they sound scary, but there aren't nearly as much of an issue as an outs...
by Streptococcus
Thu Oct 17, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

What makes an area good or bad for you, OP? What are you looking for or what is fun? I live in OKC and there are definitely pros/cons--but for a family, there are good jobs, cheap houses, and very good schools for taking. 300K here will go much further than 200K in Orlando, commutes are not bad, et...
by Streptococcus
Thu Oct 17, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

As someone who lives in the area, I don't understand folks dissing Orlando. A few points though: I have lived in the area since the late 60s when my family moved here pre-Disney while I was in the 2nd grade. The disdain for Orlando from folks here is laughable. The Greater Orlando area isn't the ho...
by Streptococcus
Thu Oct 17, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

Orlando - hot, humid and thunderstorms OKC - isn't that in tornado alley? I could be wrong. All of that said, have you actually visited these places for say like a week? So you can scope out the immediate and surrounding vicinity. Just a thought. With the market at near high's, I would not say you ...
by Streptococcus
Thu Oct 17, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

As someone who lives in the area, I don't understand folks dissing Orlando. A few points though: - $200k for a two-earner household isn't crazy high, especially when one spouse is a doctor or software engineer. Heck, even two "IT" professionals should be able to top that - saving $70k with an incom...
by Streptococcus
Thu Oct 17, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

Are you coming from some uber high cost area like LA or San Francisco? $200k is wicked high pay, even for 2 full time spouses in Orlando. Your concern about making partner, yet working only part time......are you kidding me? There is no beach in Orlando. My sister and mom live there and double chec...
by Streptococcus
Thu Oct 17, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

sjt wrote:
Thu Oct 17, 2019 8:41 am
Streptococcus wrote:
Thu Oct 17, 2019 8:29 am


This leads to the second job in OKC:
Definitely less desirable location but better job,
Have you ever been to Orlando? I wouldn't want to live there. I've never been to OKC and I would happily move there blindly if the second choice was Orlando.
I have been to both Orlando and OKC
by Streptococcus
Thu Oct 17, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Re: Should I take the job in OKC or Orlando?

Please clarify your net worth. Are these invested assets or do they include your home or other items. Either way, please update your post and include that detailed information. How much you need to spend once you move will depend on whether you will have a mortgage, living in a nice middle income n...
by Streptococcus
Thu Oct 17, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5982

Should I take the job in OKC or Orlando?

Okay, I'm not asking the board to decide where to move my family but I would like to have your perspective as there are financial implications. Background info: I'm a physician and I have had the same job for almost a decade. Location was not our dream one but it was a pretty good pay. My spouse and...
by Streptococcus
Tue Jul 23, 2019 11:07 am
Forum: Personal Investments
Topic: we need much less money to retire
Replies: 50
Views: 7603

Re: we need much less money to retire

3. Our annual expense at 70K is probably inaccurate. It is based on the cost of living where we currently live in the US, minus the mortgage. Problem is, we know we will not retire where we currently live. I have lived in 3 continents and I visit them every year. My spouse and I are pretty sure we ...