Search found 419 matches

by Atgard
Tue Jun 06, 2017 2:11 pm
Forum: Personal Investments
Topic: Financially independent and then market crashes?
Replies: 54
Views: 8729

Re: Financially independent and then market crashes?

Probably when most of us financially-conservative types here on Bogleheads mentions being "financially independent" and what that number is, we are accounting for market crashes/sequence of return risk, greater number of years in retirement when retiring early, unknown health care costs (although th...
by Atgard
Sun Jun 04, 2017 4:26 pm
Forum: Personal Consumer Issues
Topic: Beginner needs help choosing which compact camera to buy!
Replies: 16
Views: 1641

Re: Beginner needs help choosing which compact camera to buy!

In compact cameras, the Sony RX100 is really hard to beat. It has a much larger sensor than most super compact cameras, meaning you can get better shots, less blurry shots in lower light, better action shots, etc. As with any camera, you'll get more out of it if you put more into it (learning more a...
by Atgard
Fri Jun 02, 2017 9:13 am
Forum: Personal Investments
Topic: Can I Safely Retire?
Replies: 60
Views: 9772

Re: Can I Safely Retire?

Sorry, I would not advise anyone to retire on $571K total net worth, even if you're single with no kids. As others have mentioned, at a 3% withdrawal rate, you're looking at only about $17,000 per year in income. That is very very hard to do, even in a low cost of living area, not to mention a mid-c...
by Atgard
Thu Jun 01, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 14856

Re: What Do You Pay for an Oil Change?

Totally depends on the type of car. Some use synthetic oil, some use more than 5 quarts, some these days even have dry-sump oil systems that take 11 quartz of synthetic oil and have more labor involved. So they can range from $20 (normal) to $80 (synthetic) to $250 (dry sump). Besides Porsche, I'd ...
by Atgard
Thu Jun 01, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 14856

Re: What Do You Pay for an Oil Change?

Totally depends on the type of car. Some use synthetic oil, some use more than 5 quarts, some these days even have dry-sump oil systems that take 11 quartz of synthetic oil and have more labor involved. So they can range from $20 (normal) to $80 (synthetic) to $250 (dry sump).
by Atgard
Wed May 31, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Stick out miserable job for health insurance in retirement?
Replies: 62
Views: 10283

Re: Stick out miserable job for health insurance in retirement?

Of course slogging through a job you hate can have physical & psychological effects, and if they become severe enough, you've gotta quit & save your health. But, if you can stomach it a little longer, lifetime health care is an extremely valuable benefit. I'm sure many of us consider whether we work...
by Atgard
Sat May 27, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 2436

Re: Why are capital gains taxed lower than div/interest?

One reason is that capital gains represent not only gains in value after inflation but also inflation. It seems wrong to tax people on inflation. It is also a way of rewarding people for making longer term investments. Taxing bank account or bond or I-bond or TIPS interest is much more closely taxi...
by Atgard
Sat May 27, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 4573

Re: New car doc fees

Every dealer I have seen adds in some sort of Doc Fee or Dealer Fee or whatever. Many states now regulate it to some maximum (but no minimum!) amount, and/or make them list "Dealer Profit" next to the fee, so you know it doesn't mean anything really. Just a way for them to shake hands on a price, t...
by Atgard
Fri May 26, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 4573

Re: New car doc fees

Every dealer I have seen adds in some sort of Doc Fee or Dealer Fee or whatever. Many states now regulate it to some maximum (but no minimum!) amount, and/or make them list "Dealer Profit" next to the fee, so you know it doesn't mean anything really. Just a way for them to shake hands on a price, th...
by Atgard
Tue May 23, 2017 9:57 am
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 10189

Re: Is it worth it spending money to keep your house looking sharp?

6. Each of our three cars have windshield cracks. I don't believe that my insurance will pay for the replacements without consequences. Fix them anyway? It may be different in different states or with different insurers, but whenever I've had a windshield crack, the insurance company has sent someo...
by Atgard
Sun May 21, 2017 8:41 am
Forum: Personal Investments
Topic: Risk vs. Reward analysis on contributing to 529 when child is hypothetical
Replies: 15
Views: 1589

Re: Risk vs. Reward analysis on contributing to 529 when child is hypothetical

You can't open a 529 plan unless you have a social security number for the beneficiary.

Edit: I guess you could use someone else, then switch the beneficiary later.
by Atgard
Sun May 21, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Shocking car insurance quote
Replies: 39
Views: 6902

Re: Shocking car insurance quote

Dodecahedron is right. Insurance companies (not just Allstate) will test you out with small 5-10% premium increases each year. They figure it's just small enough that you won't bother to check other quotes -- after all, people are busy. If that works, then maybe they'll bump it to 20% if it seems yo...
by Atgard
Sun May 21, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Vehicle recommendation for large family
Replies: 32
Views: 3587

Re: Vehicle recommendation for large family

I don't think you're going to find any "normal" vehicles with more seating space & cargo capacity than an Odyssey. (For those who don't know, they already seat 8 comfortably, plus some room for stuff, although with all 8 seats up there's not a ton of room left over for stuff.) I would think that wou...
by Atgard
Sat May 20, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 9981

Re: Lawyers charging for asking about fees

I would not bill a client for an honest question over fees, asking for an explanation of the bill, etc. And I would not bill a client when acquiring the client or negotiating the fees for a certain task. HOWEVER, even though I make my fees very clear in advance (and are often flat-rate, so no haggli...
by Atgard
Fri May 19, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Sony a6500
Replies: 24
Views: 2794

Re: Sony a6500

If you like learning through videos, Mike Brown is excellent and easy to follow from beginner up to more advanced techniques: https://www.youtube.com/channel/UCs4S07E5NC0R7pVuzBJ0e8Q Learning the basics of how cameras work (apertures, shutter speed, and ISO) and getting out of manual mode (even int...
by Atgard
Wed May 17, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: Sony a6500
Replies: 24
Views: 2794

Re: Sony a6500

If you like learning through videos, Mike Brown is excellent and easy to follow from beginner up to more advanced techniques: https://www.youtube.com/channel/UCs4S07E5NC0R7pVuzBJ0e8Q Learning the basics of how cameras work (apertures, shutter speed, and ISO) and getting out of manual mode (even into...
by Atgard
Wed May 10, 2017 2:13 pm
Forum: Personal Investments
Topic: Live off dividends or sell securities during retirement?
Replies: 9
Views: 1891

Re: Live off dividends or sell securities during retirement?

Reinvesting dividends doesn't really do anything magic. It's just for convenience (and yes, it IS very powerful if you set-it-and-forget-it for 30+ years). But when you receive dividends, you are receiving cash, and will be taxed on that cash distribution, whether you then keep it in cash, subsequen...
by Atgard
Tue May 09, 2017 9:20 am
Forum: Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 10333

Re: Retire Early?? Need a sense check

With that additional detail (that you are moving to a cheaper area, seem to have covered all the expense bases, have included some "slush money" and vacations you could scale back on if needed, etc.), I think you are either there or very very close to there. Now it really just matters if you want to...
by Atgard
Mon May 08, 2017 7:29 pm
Forum: Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 10333

Re: Retire Early?? Need a sense check

I admit I am conservative, but I look at a 4% withdrawal rate as a minimum before I would feel comfortable enough to just retire. Even then, considering early retirement that will hopefully last longer than normal... I would probably need more like 3% to feel secure. Simple top-line math, $2.8M x 4%...
by Atgard
Sat May 06, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 15362

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

John Woerth, the company spokesperson for Vanguard, wrote this article on July 6, 2016, about "Buffett's Bet" Why Warren Buffett's bet matters . . . and doesn't Mr. Woerth said, "From my vantage point, if Buffett's bet and the accompanying publicity lead investors to drink from the indexing well, t...
by Atgard
Thu May 04, 2017 9:43 am
Forum: Personal Investments
Topic: Too much Money?
Replies: 40
Views: 8487

Re: Too much Money?

In a nutshell, if you have $250,000, you are not "done" nor do you have "too much money" (even with pension, etc.). It sounds like you want to at least keep contributing for the next 10 years. That is a very good plan, you should assess where you are after that and adjust. Maybe if things are still ...
by Atgard
Thu May 04, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 5928

Re: Vexing electrical problem in the house

Many others have said this, but I just want to reiterate, please get a new breaker. Breaker boxes should NOT be sparking, I can't believe the "electricians" just punted and said "I'm not touching that." Then you need a good electrician who WILL touch that. (By "touch," I mean turn off all power to t...
by Atgard
Thu May 04, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 15362

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

As JoMoney pointed out, while the hedge funds returned 2.2%, even bonds returned 2.5% – 3.9%. So there aren't many indexes he would have beaten over the past 10 years. Literally almost anything else -- total stock, large cap, small cap, REITs, long bonds, short bonds, CDs/cash (we were getting 5-6% ...
by Atgard
Wed May 03, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 15362

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Absolutely! I love when he says "Buffet just got lucky that U.S. stocks did well, we would have done GREAT in a market crash!" ... then forgets there WAS a huge market crash and worst recession in 80 years during the 10-year bet ... then he remembers again and says "because there was a big crash, lo...
by Atgard
Fri Apr 28, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 4253

Re: A Game of "Who is responsible"

Let's assume he turned the water back on and tested the toilet before he left, and found out it came with a bad gasket. Now he says "Either you can go to Lowe's and get a replacement gasket, while the 2 of us wait here, then we install it, which will take an extra hour x 2 of us, so $100." Or he say...
by Atgard
Fri Apr 28, 2017 12:32 pm
Forum: Personal Investments
Topic: Just switched to Vanguard and TOTALLY overwhelmed
Replies: 18
Views: 2999

Re: Just switched to Vanguard and TOTALLY overwhelmed

In general, your transaction fees at Vanguard (which will range from $0 to $25 per transaction I believe) will be peanuts. As others have said, your old broker may charge dramatically higher fees to buy/sell (into 4-figures plus, sometimes 1-2% of the sale!), so better to transfer to Vanguard in kin...
by Atgard
Fri Apr 28, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 138
Views: 17072

Re: Cost of car compared to Gross Income

I am getting a kick out of this old thread, considering I just finally sold my 16-year-old car (which has had zero payments for the past 13 years) for just over 20% of the purchase price. What would I have paid if I had leased 5 different cars?? So "purchase price as percentage of income" calculatio...
by Atgard
Thu Apr 27, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 192
Views: 49939

Re: Vanguard has switched to brokerage only accounts

It made things a lot simpler for me. Basically it cut the number of accounts (taxable, Roth, etc.) in half. It makes account balances and tax forms and statements and such easier to read and work with. No problems for me during the upgrade, I only wished they would have let me do it sooner.
by Atgard
Mon Apr 24, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 19275

Re: Will cars be autonomous in three years?

Two things terrify me about autonomous vehicles and I am a control system engineer. First, there is nothing that prevents a wild, out-of-control driver from hitting the autonomous vehicle. There are too many places when there is no "out" for it, regardless of how smart it is. And what will you do w...
by Atgard
Mon Apr 24, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 6520

Re: Should some professions tell people how much they make?

I have good news. If your "problem" is not being old enough, this is a problem that I am 100% sure will resolve itself without you needing to do anything about it.
by Atgard
Mon Apr 24, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 19275

Re: Will cars be autonomous in three years?

Another consideration is what impact autonomous technology may have on your insurance rates. Until all of the bugs in autonomous technology in vehicles has been worked out, I wouldn't be surprised if you'll have to pay higher insurance rates to insure vehicles that utilize such technology. I would ...
by Atgard
Sat Apr 22, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 6520

Re: Should some professions tell people how much they make?

If you were booking clients left and right, then when you show up & they see you they said "Uh, never mind, kid, here's a quarter to go buy a lollipop," then it might be your age that's a problem. But you said you have tutored some kids for a couple months then were let go. That no longer has to do ...
by Atgard
Thu Apr 20, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 17310

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

If you choose to go to your boss with feedback (probably depends on too many individual factors to give a blanket yes or no -- some people would take this feedback well and others would not), I would advise one thing: Give praise in public, but always give criticism (even constructive criticism) in ...
by Atgard
Sun Apr 16, 2017 2:13 pm
Forum: Personal Investments
Topic: Sitting on Cash
Replies: 24
Views: 4358

Re: Sitting on Cash

While avoiding debt is generally a great idea, a home mortgage, at historically low interest rates, with a tax deduction, and with 20% down on a house you can afford and plan to stay in for a while, is the exception to the rule. Of course we'd need more details of income, savings, etc. for a full pi...
by Atgard
Fri Mar 24, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund...Savings, Money Market, or CD?
Replies: 22
Views: 4177

Re: Emergency Fund...Savings, Money Market, or CD?

Just a note -- thanks to another post on here, it showed that the 5-year CD at 2.3% beats the 2-year CD in almost all scenarios, even factoring in the 6-month early withdrawal penalty. See here: https://www.depositaccounts.com/tools/ewp-calculator.aspx?ids=265239,265241,265243,265244,265245 Term 12...
by Atgard
Wed Mar 22, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund...Savings, Money Market, or CD?
Replies: 22
Views: 4177

Re: Emergency Fund...Savings, Money Market, or CD?

Just a note -- thanks to another post on here, it showed that the 5-year CD at 2.3% beats the 2-year CD in almost all scenarios, even factoring in the 6-month early withdrawal penalty. See here: https://www.depositaccounts.com/tools/ewp-calculator.aspx?ids=265239,265241,265243,265244,265245 Term 12 ...
by Atgard
Mon Mar 06, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 2810

Re: Net Worth Calculation (Question/Opinion)

As a snapshot of net worth (to track over time, etc.), I don't think it's important to factor in selling costs. As an estimate of "how much cash / gold bars could I gather within a month if I needed to flee the country," then yeah I guess you could count it. In that case, I guess you would also fact...
by Atgard
Fri Mar 03, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Excel challenge: axis min and max to automatically scale
Replies: 20
Views: 15339

Re: Excel challenge: axis min and max to automatically scale

I don't know the answer to your Excel question, but I did want to comment on people debating whether it is the "right" thing to do. First, this is what he is looking to do in Excel, telling him that he doesn't want to do it isn't helpful. Second, while there are times that raising the axis can make ...
by Atgard
Fri Mar 03, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 6349

Re: Family Hounding me to Purchase SUV or Minivan

While there is some truth that newer cars are generally safer than older cars, SUVs (on high truck frames) are generally less safe than cars or minivans (on lower car frames). So people telling you to ditch an old car for a new SUV for "safety" reasons probably do not work for the IIHS or NHTSA. Als...
by Atgard
Fri Feb 24, 2017 10:48 am
Forum: Personal Investments
Topic: Simplifying worth taking gains?
Replies: 11
Views: 1222

Re: Simplifying worth taking gains?

I recently took some gains to simplify and move all my REITs to tax-deferred accounts. While paying some capital gains is painful, I valued the simplicity and the tax benefits going forward (REITs kick off a lot of non-qualified dividends, increasing taxes each year). In another instance, my wife to...
by Atgard
Fri Feb 10, 2017 5:07 pm
Forum: Personal Consumer Issues
Topic: Deal on 2016 CPO Honda Odyssey
Replies: 34
Views: 5891

Re: Deal on 2016 CPO Honda Odyssey

Update from OP here. My choice is now between the following: - CPO 2015 Odyssey EX-L with 20,000 miles: $26,700. OTD would be about $27,200. - New 2016 Odyssey EX-L: $31,600. OTD would be $32,413. Thoughts? Does this weigh the decision more towards CPO in anyone's mind? At least now you're saving a...
by Atgard
Thu Feb 09, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Deal on 2016 CPO Honda Odyssey
Replies: 34
Views: 5891

Re: Deal on 2016 CPO Honda Odyssey

Out the door price is important to catch dealer document fees and other hidden mark-ups, but I think it is fair to discuss the price not including "tax, tag, and title," since these vary from place to place and even the dealer isn't allowed to mark-up sales tax.
by Atgard
Thu Feb 09, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing Solo 401k vs. minimizing self employment tax
Replies: 9
Views: 1478

Re: Maximizing Solo 401k vs. minimizing self employment tax

FADiver, you essentially have it correct. If you want to max your Solo 401k ($54,000 in 2017 in combined employee + employer contributions), then you will end up paying payroll taxes on most or all of that amount (there are some things you can do like paying health insurance & HSA that reduce your p...
by Atgard
Thu Feb 09, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: Deal on 2016 CPO Honda Odyssey
Replies: 34
Views: 5891

Re: Deal on 2016 CPO Honda Odyssey

I agree, you can get a brand new EX-L around $31,000 or so. I don't think $1,000 is enough savings to justify a used car with 16,000 miles! Or, if you can get a brand new one with navigation for $2,300 more, that also seems like a better deal, even if you're only lukewarm on the navigation. I'm all ...
by Atgard
Thu Feb 09, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: Worth it to get 300 Mbps internet?
Replies: 61
Views: 55245

Re: Worth it to get 300 Mbps internet?

I think 300MB is overkill for most users. I had 25 Mbps and that was fine for streaming even HD 720p and 1080p video. I now have 75 Mbps, and the difference is not that noticeable in day-to-day use, maybe only when downloading large files. Netflix, etc. goes without a hitch, so if you're having issu...
by Atgard
Fri Feb 03, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 9095

Re: It appears Fiduciary changes may not happen after all.

While this does not directly affect many of us who have found and post on this site (although it still affects many with 401ks), it probably indirectly affects almost all of us who have parents, kids, spouses, co-workers, etc. who use non-fiduciary brokers. So while it's great some people can say "A...
by Atgard
Thu Feb 02, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: How to save money on a minivan?
Replies: 44
Views: 5304

Re: How to save money on a minivan?

We bought a used Dodge Caravan with 30,000 miles and had nothing but problems. Doors stopped working. A/C went out. Etc. Etc. Bought used Odyssey with 30,000 miles and have had nary an issue. What price point and mileage are you looking for? A quick search in my area pulls up 4 Odyssey's 2012 and n...
by Atgard
Wed Feb 01, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Rush to pay off 0% Auto Loan?
Replies: 44
Views: 6438

Re: Rush to pay off 0% Auto Loan?

Mathematically , keep the 0% loan. It's a no-brainer. Keep the cash (that you would have paid it down with) as an emergency fund, in a CD or savings account, or to increase what you can contribute to your retirement accounts (depending on your overall financial picture). If you want to be super-saf...
by Atgard
Tue Jan 31, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 4006

Re: Full time physician as S-Corp PLUS physician moonlighting

As people have said, I would definitely route the new income through your S-Corp. As for how much to take as W-2 salary/benefits vs. an earnings distribution, I have seen guidance all over the map. Most guidance I've seen and answers from CPAs say to pay your self at least 40-60% of net earnings as ...
by Atgard
Sat Jan 28, 2017 2:11 pm
Forum: Personal Investments
Topic: Asset Allocation When You Don't Know Your Goals
Replies: 11
Views: 1310

Re: Asset Allocation When You Don't Know Your Goals

While we often use percentages for asset allocation, I think sometimes (and this may be one of them), it's useful to look at dollar values also. If you think there is a reasonable chance you will buy a house soon (you may not be there yet if you're not even seriously dating someone yet, let alone ha...