Search found 115 matches

by peseta
Wed Dec 19, 2018 9:20 pm
Forum: Personal Consumer Issues
Topic: Quebec City Winter Carnival with Kids? Or something else?
Replies: 7
Views: 619

Re: Quebec City Winter Carnival with Kids? Or something else?

It's great and would be fun for kids. There's probably 2-3 days of stuff to do there. However, keep in mind that it gets very, very cold in Quebec City in early February. The average HIGH is about 20 degrees Fahrenheit. So, a "cold" day can be below zero. Make sure you have appropriate clothing, sin...
by peseta
Sat Oct 13, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 14045

Re: Weigh in on our Marital Argument =)-- HCOL edition

How about a Murphy bed in the living room for your parents? They even have ones with integrated sofas: https://resourcefurniture.com/product-c ... bed-sofas/

peseta
by peseta
Tue Sep 18, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 27
Views: 1866

Re: Inexpensive source for greeting cards?

Trader Joe's has cards for $1. +1. The ones at Trader Joe's are actually of pretty high quality. My issue with the Dollar Tree, etc. ones is that you can see the difference between those cards and full-freight ones. For some purposes (e.g., kid's birthday), that might not matter, but I wouldn't wan...
by peseta
Wed Sep 05, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Would prefer target date funds, but three custodians make it messy: advice?
Replies: 9
Views: 1196

Re: Would prefer target date funds, but three custodians make it messy: advice?

To close the loop on this, I decided to simplify my modified three-fund portfolio approach (which had really been a 6-fund approach because I was buying funds to address the lack of emerging market and foreign small caps in the TSP I fund). A "true" three-fund will still not work because much of our...
by peseta
Sun Aug 26, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: Would prefer target date funds, but three custodians make it messy: advice?
Replies: 9
Views: 1196

Re: Would prefer target date funds, but three custodians make it messy: advice?

If Mutual of America's target date fund is substantially worse than some of its other funds, such as an S&P 500 fund, then some sort of hybrid may be in order, where you choose the S&P 500 fund and earlier dates for TSP and/or Vanguard. TSP is very conservative compared to others, if you just go by...
by peseta
Sun Aug 26, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: Would prefer target date funds, but three custodians make it messy: advice?
Replies: 9
Views: 1196

Would prefer target date funds, but three custodians make it messy: advice?

I've been slowly persuaded by the thoughts of Bill Bernstein and others that target dates funds are a good counter-check against an investor's tendency to sell low. I'd love to have a set-it-and-forget approach, in part because I fear (slightly) that I might get sheepish in the next severe bear mark...
by peseta
Wed Aug 15, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Discarding dead cell phone without purging my data
Replies: 33
Views: 3158

Re: Discarding dead cell phone without purging my data

This may be heresy, but after doing a factory reset and removing any battery, I've just slipped phones inside my household trash bag. Unless you live in an area where people dumpster dive, the probability that someone is (1) going to discover the phone, and (2) actually try to get it operable after ...
by peseta
Tue Aug 14, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Travel over thanksgiving holiday, drive or fly?
Replies: 50
Views: 2763

Re: Travel over thanksgiving holiday, drive or fly?

It may not be an option for your itinerary, but you may want to look into flying into either Islip or Westchester airports. Islip (assuming your wedding is on LI, based on mention of LIRR) would especially save you some headaches, if it works.

peseta
by peseta
Tue Jun 26, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Thinking about 2019 trip to Dubrovnik, Croatia
Replies: 19
Views: 1615

Re: Thinking about 2019 trip to Dubrovnik, Croatia

+1 on Montenegro. Kotor is spectacular but so is most of Montenegro. Kotor is about a 2-hour drive from Dubrovnik. And forget public transport. Rent a car and enjoy some of the most spectacular coastal scenery anywhere in the world. Driving on the coastal highway (the Magistrala, NOT the inland fre...
by peseta
Tue Jun 26, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Not to further extend the life of the thread-that-won't-die, but what is folks' reaction to this recent study out of the University of Arizona? Apologies if this was discussed earlier in the thread, but I did not see it. Larry Swedroe wrote about it here: http://www.etf.com/sections/index-investor-c...
by peseta
Tue Jun 05, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 54
Views: 6628

Re: 6 hour layover on Heathrow

Here's one idea. Go through immigration, etc., and then see how much time you have when that is done. The key variable in this overall equation is how long that is going to take. If it turns out you don't have enough time to go into the city, do something else. One idea might be Windsor Castle (you ...
by peseta
Fri May 18, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

peseta, Come on. So, this person has 1 million in the tax-deferred account and he is worrying that he has an additional ( 40K/25) ~ $1,600 income over the 22% tax bracket? Please note that the actual number is 1.25 million or higher. 1 million is safe enough. Please note that if this person has 1 m...
by peseta
Fri May 18, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Why someone in the 12% tax bracket chooses to pay 12% tax instead of 0% or getting a tax refund? At that tax bracket, if someone contributes enough to the Trad. 401K, they could qualify for tax credits such as Saver's Credit or EITC? https://www.bogleheads.org/wiki/Saver%27s_credit https://www.irs....
by peseta
Fri May 18, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I do not understand why you say that. It is not against the advice of "always max traditional". In fact, I am one of those guys. To be specific, my advice is Max up your tax-deferred accounts and put the tax savings into Roth IRAs and the taxable account. Even if someone maxes his/her Trad. 401K, i...
by peseta
Fri May 18, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

So, you should realize by now. Many folks that recommend Roth 401K as the correct answer for most people are simply wrong. Actually, the reverse is true. Roth 401K is the wrong answer for 90+% of people since only 10% of the US Household has a net worth of 1 million or more. Out of those households...
by peseta
Fri May 18, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

1) Only 85% of the social security income is taxable. https://taxfoundation.org/2018-tax-brackets/ 2) The standard deduction is 24K. For a married couple, you need another 77K before you reach 22% tax bracket. So, you need about 100K of income. Let's be generous and assume that the Social Security ...
by peseta
Fri May 18, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I disagreed. For a married couple, you need at least 1M before you can reach the 22% tax bracket at retirement. For a single person, you need at least 500K. A-ha, sorry for being slow on the uptake, now I get your reasoning. 22% married bracket starts at $77.4k. Add $24k standard deduction and you'...
by peseta
Fri May 18, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I disagreed. If someone can contribute to Roth 401K, that person could contribute to Trad. 401K and put the tax saving into Roth IRAs and the taxable account. A tilt towards Roth 401K is overloading the Roth space. Again, I don't entirely disagree with your reasoning. But this assumes someone is no...
by peseta
Fri May 18, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

(A) is balanced and diversified across all possible future tax scenarios. (B) only works out in one possible outcome. Do you really want to bet all your retirement outcome on one tax basket? I don't think we disagree. For me, getting closer to position (A) has meant focusing more on Roth these days...
by peseta
Fri May 18, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 51252

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

A few days ago, Clark Howard recommended that anyone making under 315k married household AGI contribute to Roth 401k, not traditional. That, of course, matches up exactly to the top of the new 24% bracket. This is probably based on speculation on future tax rates, of course, but I found this interes...
by peseta
Fri May 04, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 14742

Re: Have you quit eating sugar? Tell me how!

First, I apologize, if this has already been mentioned. I didn't take the time to read all previous 90+ responses, but have thought about this before, and wanted to recommend Gary Taubes' book, The Case Against Sugar . From the Amazon page - From the best-selling author of Why We Get Fat, a groundb...
by peseta
Fri May 04, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Budget for kid's sport?
Replies: 49
Views: 3143

Re: Budget for kid's sport?

I see some Bogleheads are upset by Ice Hockey price - ok, let me show the numbers Hockey: $890 for 9 months = roughly $12 per session Basketball: $190 for 7 sessions = $27 per session Chess: $160 for 6 sessions = $27 per session Taekwondo: $150 per month = roughly $17 per session The basketball pri...
by peseta
Wed May 02, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Daughter starting college and I am retiring
Replies: 45
Views: 5535

Re: Daughter starting college and I am retiring

we were thinking about moving from ny to va when my oldest was entering hs. we have three kids, we were pretty sure two of them would be admitted to uva, maybe all three. ballpark, I thought we'd save $300-400k over the cost of a private school. at the time, we came to the conclusion that living ou...
by peseta
Fri Apr 27, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 15207

Re: Wedding - financial burden on couple and attendees

Totally acceptable and many did this for our wedding. There isn't a "check" per say. The wedding couple pays for their rooms, etc.....and buys a wedding package. IIRC, basic package was like a grand and there were several levels above and beyond. Our "check" at the end would've been the same if nob...
by peseta
Fri Apr 27, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 15207

Re: Wedding - financial burden on couple and attendees

One thing I've always wondered about destination weddings: is it "required" that you stay at the all-inclusive resort? Let's say a family member has wedding at all-inclusive on Riviera Maya. What if a guest says, great, I'll fly in on Frontier and use my hotel points for the Hyatt Place in Cancun an...
by peseta
Mon Apr 23, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Lawyers: Career Advice (Urban to Rural?)
Replies: 21
Views: 2721

Re: Lawyers: Career Advice (Urban to Rural?)

Best of both worlds for you, if you have an interest in being a prosecutor, is an Assistant U.S. Attorney position in a small- to medium-sized district. Do note that the hiring process for these jobs is competitive. One way to game that (a bit) is to target areas that don't have cachet -- think Sout...
by peseta
Thu Apr 12, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Use of personal vehicle for employer, reimbursement at IRS rate -- good idea?
Replies: 7
Views: 557

Re: Use of personal vehicle for employer, reimbursement at IRS rate -- good idea?

Thanks, everyone. I'm talking probably 3k-4k tops a year of driving, and have factored the increased cost of insurance by mileage into my calculations. The point about business use insurance is interesting. But, wouldn't anyone who travels for business need to get that? If I drive my car to the airp...
by peseta
Thu Apr 12, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Help me choose a top law school!
Replies: 65
Views: 7627

Re: Help me choose a top law school!

The difference between Chicago and Penn and the other schools you name is how well you have to do in law school in order to get recruited by the fancy-pants firms. At Chicago or Penn, as long as you are not flailing about grade-wise, you'll get recruited by at least some. At most of the others, you'...
by peseta
Thu Apr 12, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Use of personal vehicle for employer, reimbursement at IRS rate -- good idea?
Replies: 7
Views: 557

Use of personal vehicle for employer, reimbursement at IRS rate -- good idea?

Hello -- Had a quick question that I thought I'd post on my lunch break. I travel occasionally for work. I often have the choice between flying, train, and driving. One of my most frequent destinations is about 4 hours away, and generally costs my governmental employer in the same ballpark no matter...
by peseta
Tue Apr 10, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 2256

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

I would not do the CC balance transfer. Typically these have a fee, often as high as 5%, which really does not give you an interest rate arbitrage that is notable. This. You need to read the fine print. The balance transfer fee is often 3-4% of the balance. Thus, it's like paying 3-4% interest a ye...
by peseta
Fri Apr 06, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 8711

Re: Want/need some income in semi-retirement

Re: adjunct college instructor, it barely paid enough for gas. Driving airport shuttle paid much better. In DC area, where poster is, these positions sadly pay peanuts. People around here would gladly do it for free for the resume enhancement. The schools pay a nominal amount ($3-5k) to put a bit o...
by peseta
Wed Apr 04, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Re: Grass is always greener, federal edition

Personally, I think you should make peace with your choice instead of creating so much drama in your mind about the private sector or wealth. People in the private sector aren’t missing every meal or suffering by going to businesses and telling them how they can help. I was good at business develop...
by peseta
Tue Apr 03, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 110
Views: 229877

Re: Experience selling car to Carmax?

I get the sense that CarMax is better for selling a relatively newer car than one that has seen better days. As a data point, I sold an old Hyundai Sonata (admittedly, a jalopy) a few years ago for just under $2000, private party. If memory serves, CarMax offered me $600, barely more than salvage va...
by peseta
Tue Apr 03, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Re: Grass is always greener, federal edition

Just to clarify, OP did not tell us that he was a lawyer until after I had written my earlier comment, so I would have written my comment a bit differently had I known. I agree that the legal field is a special case and that federal legal experience does not often help with finding a post-retiremen...
by peseta
Mon Apr 02, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Re: Grass is always greener, federal edition

I retired from a senior federal position five years ago after 40 years of service. During the latter half of my career I did a lot of hiring. One of the things that intrigued me is that we always had applications from former federal employees who wanted to get back into government . They had left b...
by peseta
Mon Apr 02, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Re: Grass is always greener, federal edition

Thanks to everyone who gave advice. Of all the posts in this thread, this one hit the hardest: OP, I think your pros and cons can pretty much be summed up like this... Stay put in gov't - Pro: Everything else Con: Less money Leave for private sector- Pro: More money Con: Everything else Is there rea...
by peseta
Tue Mar 27, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Re: Grass is always greener, federal edition

Thanks so much to everyone who posted. This community is great. You've basically helped convince me of what I knew all along. I will try my best to stop looking at the grass over the fence. 2. Commute comment surprised me. I was assuming you were a USG lawyer like me, but that wouldn't fit with a sh...
by peseta
Tue Mar 27, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8510

Grass is always greener, federal edition

Hello, I love this forum and was hoping a few folks could give me some help with a career issue that's been stuck in my head for awhile. The upshot: I have a secure job in the federal government that I really like, but I sometime look with envy at people leaving for the "greener grass" and am afraid...
by peseta
Thu Mar 22, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: SE Washington DC job - where to live?
Replies: 55
Views: 4428

Re: SE Washington DC job - where to live?

I used to live in Capitol Hill (south side), spitting distance from the Navy Yard area on the other side of the freeway. If her job is at the Navy Yard, I recommend looking primarily at the Navy Yard area and the south side of Capitol Hill (addresses ending in "SE"). The Navy Yard is centered around...
by peseta
Fri Mar 16, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: Federal court tosses out fiduciary rule
Replies: 60
Views: 7673

Re: Federal court tosses out fiduciary rule

What the popular press always ignores in these articles is the underlying separation of powers issues in cases like this one. The press writes as if the judges are making a policy call. Often, the case is not about what the policy should be, but who should be making that call. The dispute here, boil...
by peseta
Wed Feb 28, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: [Manuka honey]
Replies: 36
Views: 4124

Re: [Manuka honey]

I actually just saw some recently at a Costco in northern VA for a price I thought was crazy, because I didn’t know what the product was. But I suspect Costco likely wouldn’t sell the fake stuff ...

peseta
by peseta
Wed Feb 28, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5988

Re: What age is too old to stop hostelling?

I did the hostel thing in my early 20s without issue. But as I got a bit older, I began to value privacy and comfort more. The last time I stayed in a hostel was when I was 30 and decided, never again. I’d rather stay in a Motel 6 than a hostel. I know others disagree! With the value you can get fro...
by peseta
Thu Feb 22, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 3915

Re: Is a prenup required to establish a list of separate property before marriage?

Personally, I agree with Dave Ramsey on this, that prenups are not the best idea unless there's assets in the millions to protect, because of the intangible damage caused by basically planning your divorce in advance. Putting that aside, in theory, in most states, the direct answer to your question ...
by peseta
Sat Jan 20, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 65
Views: 7466

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

One additional thing to consider: even assuming taxes “go up” in the future, does that mean that it will be *income* taxes that are hiked? A future Congress may try to raise taxes in a more opaque way, like a VAT. In fact, one could easily envision a future Congress lowering marginal income tax rate...
by peseta
Mon Jan 08, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 5009

Re: Best Phone Plan for 1 person

Nothing is better than (almost) free, especially since you're considering paying real money for Sprint already: https://www.sprint.com/en/shop/offers/free-unlimited.html I'm surprised that there's not more love on this board for this Sprint promo. My understanding is that you can sign up if you are ...
by peseta
Wed Dec 20, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 72138

Re: Tax Bill Omnibus Thread

Does the wording of the tax-reform bill incorporate indexing of the $10K SALT limit for future inflation? Same question for indexing of the $24K standard deduction for future inflation. Strider P.S. Will also double-post this message to thread dealing with prepayment of property taxes. From what I ...
by peseta
Mon Dec 18, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Buying a new sofa with two young kids?
Replies: 36
Views: 3254

Re: Buying a new sofa with two young kids?

This is the ideal scenario for a slipcover. With the ones they make these days (at least the good ones), you can't even tell it's a slipcover. You can get made-to-measure ones for about $200 online. Our rule is food and drinks okay in the den, but not the living room. The den gets beat up, but the l...
by peseta
Wed Nov 29, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 6838

Re: Luggage Update for Travel

Taking a carry-on bag on international flights can cause complications. Many international airlines have maximum specs smaller than US airlines. Even if they don't size the bag at the counter or gate, sometime their bins are too small length-wise to accommodate US-spec carry-ons. When I did a lot of...
by peseta
Fri Oct 20, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Protein Bars and Smoothies
Replies: 82
Views: 8699

Re: Protein Bars and Smoothies

BW1985 wrote:
Fri Oct 20, 2017 2:59 pm
I will have to give these a try depending on the sweetener. I prefer stevia to sucralose. Quest uses both depending on the flavor.
They're stevia-sweetened.

peseta
by peseta
Fri Oct 20, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Protein Bars and Smoothies
Replies: 82
Views: 8699

Re: Protein Bars and Smoothies

My personal trainer recommends Builder's Bars. Lower in sugar than many other bars; high in protein. Less chemical-y than many of the bars out there. Not sugar or chemical free, just better than most. Taste great, and they have a wide variety of flavors. +1 Builder Bar's protein source is soy isn't...