Search found 2259 matches

by smitcat
Sun Dec 30, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Isn't it true that for many of us, taxes will have to be taken into account when discussing how much you need to save for retirement? For those of us who know we will have to pay taxes in retirement, should we just make some assumptions about what our tax liability will be and add that as an expens...
by smitcat
Sun Dec 30, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8911

Re: Opinions sought $3.5 M Net Worth

I just want to thank all the members of The Bogelheads community who took the time to thoughtfully respond to my inquiry. I started making good money at age 30. Till then I was very low paid. I continued to live a very modest, but happy life until about 10 years ago when I just started freely spend...
by smitcat
Sat Dec 29, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 4560

Re: Corvette vs Cayman/Boxster......anyone owned both?

Remember the C7 is a quantum leap over older Corvettes. Those describing the Corvette as clunky, cheap, dated or only good in a straight line are undoubtedly taking about older Vettes. I agree - perhaps a little data will help these thoughts.... https://www.caranddriver.com/features/a23319884/light...
by smitcat
Sat Dec 29, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 4560

Re: Corvette vs Cayman/Boxster......anyone owned both?

I have built a Ford Cobra replica and have had a number of corvettes - the only Porsche I owned was a 911 a while back. The Cobra was built to go real fast but as you say it lacked most creature comforts. If you have not driven a new Corvette C7 you really should try one out. Try to make sure you ca...
by smitcat
Fri Dec 28, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2369

Re: Why do people buy- performance cars?

Bc they haven't realized really fast wheel chairs aren't as much fun as biking/jogging and are just a sedentary past time that is well advertised. there are $$$ to be made in selling performance cars. We all know the Civic will get us from a to b just as fast We have realized that we can do all of ...
by smitcat
Fri Dec 28, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3335

Re: not funding kid's tuition

My wife and I will have our first of 3 kids in college in the next 8years. Our HHI is about 200K living in SoCal. We currently have ZERO saved for college tuition. We also both feel we have no obligation to help pay for our kids tuition. Neither of our parents helped with our tuition and I think it...
by smitcat
Fri Dec 28, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Tips on preventative home maintenance?
Replies: 43
Views: 4667

Re: Tips on preventative home maintenance?

Your roof is ~7-12 years from needing to be replaced, and in the interim, you'll want to consider inspecting/replacing the gaskets around your vent pipes. The rubber gaskets have a shorter lifespan than the roof itself, and usually break down and 'split' due to all of the UV exposure in direct sunl...
by smitcat
Fri Dec 28, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5482

Re: FAFSA - is it worth filling out?

I started a college fund nearly the day my son was born (he's now a HS senior) and feel I'm prepared to cover tuition/expenses for a reasonable 4-year college stay. Most of the schools he applied to are saying we need to fill out the FAFSA. Besides not really wanting to share my personal financial ...
by smitcat
Thu Dec 27, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9310

Re: What common everyday inconvenience have you intentionally suffered for frugality?

I drove a 1996 Corolla into the ground. I bought it from my daughter in 2008 for $3K. It was overpriced but it was my daughter so I didn’t care. Eventually the gas tank sprung a leak but it was at the top so if I didn’t fill the tank all the way it wouldn’t slosh out. Then the volume knob fell off ...
by smitcat
Mon Dec 24, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11870

Re: All the "should I be 100% stocks" threads over the last year.

JohnDindex, That is true. But, if the stock drops 80% and the bond drops 20% plus you are unemployed, then, a person with 100/0 may lose his house immediately and the person with 80/20 may last a bit longer. And, depending on how long the recession last, that could make a significant difference whe...
by smitcat
Mon Dec 24, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11870

Re: All the "should I be 100% stocks" threads over the last year.

Anyone want to argue with the following statement? If the market drops 60, 70, 80%, then most of those holding 100% stocks will sell out. Does anyone want to argue that the market cannot fall that much? If anyone asks, "should I be 100% stocks" then they should not be 100% stocks. Paul I agree with...
by smitcat
Mon Dec 24, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11870

Re: All the "should I be 100% stocks" threads over the last year.

Anyone want to argue with the following statement? If the market drops 60, 70, 80%, then most of those holding 100% stocks will sell out. Does anyone want to argue that the market cannot fall that much? If anyone asks, "should I be 100% stocks" then they should not be 100% stocks. Paul I agree with...
by smitcat
Mon Dec 24, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7241

Re: What was your best investment in 2018?

My daughters degree.
by smitcat
Mon Dec 24, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11870

Re: All the "should I be 100% stocks" threads over the last year.

Anyone want to argue with the following statement? If the market drops 60, 70, 80%, then most of those holding 100% stocks will sell out. Does anyone want to argue that the market cannot fall that much? If anyone asks, "should I be 100% stocks" then they should not be 100% stocks. Paul I agree with...
by smitcat
Sun Dec 23, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property as a means of wealth capture?
Replies: 20
Views: 2950

Re: Rental property as a means of wealth capture?

If you want to be a landlord, be a landlord. Ignore the family aspect of this decision. I frankly think the downside risk of involving family in business dealings isn't worth it. That's a generality tho, so ymmv. In my experience excellent tennants can be found on the open market, no need to only r...
by smitcat
Sun Dec 23, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 829
Views: 118939

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

New Toyota engines... https://newsroom.toyota.co.jp/en/powertrain2018/engine/ Uh, Oh. :oops: Back to the drawing board... Maybe Toyota actually has engineers who know how to make these things. All of the major brands have had issues with some releases. Each one goes thru some form of major problem ...
by smitcat
Sun Dec 23, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: "Masters in Counseling" vs. "Masters in Social Work" (Massachusetts)
Replies: 21
Views: 1843

Re: "Masters in Counseling" vs. "Masters in Social Work" (Massachusetts)

I have a social work degree. There are 3 degrees that can do roughly the same job when licensed accordingly. Masters in counseling, masters in social work, and masters in psychology. There are a number of hoops to jump through post degree for any of them to be able to independently practice. Not to...
by smitcat
Sun Dec 23, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Want a service that runs multiple SWR tools for you every year
Replies: 10
Views: 760

Re: Want a service that runs multiple SWR tools for you every year

I used to run these SWR things. I found that once you know you are in a ballpark that the details absolutely do not matter. That is, there would be no useful purpose for this exercise of doing it with multiple tools every year. And that's coming from livesoft who seems to know more than enough intr...
by smitcat
Sun Dec 23, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Want a service that runs multiple SWR tools for you every year
Replies: 10
Views: 760

Re: Want a service that runs multiple SWR tools for you every year

I used to run these SWR things. I found that once you know you are in a ballpark that the details absolutely do not matter. That is, there would be no useful purpose for this exercise of doing it with multiple tools every year. And that's coming from livesoft who seems to know more than enough intr...
by smitcat
Sun Dec 23, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Want a service that runs multiple SWR tools for you every year
Replies: 10
Views: 760

Re: Want a service that runs multiple SWR tools for you every year

I'm not wanting them to RUN it -- just organize all the inputs, and REMIND me to take some time to do it, and be qualified to look over my shoulder and comment. I could have 3 spreadsheets open at the same time, and not enter the same guesstimate for a datapoint, even when I'm trying to ask the sam...
by smitcat
Sun Dec 23, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 829
Views: 118939

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

"Also, has the cylinder deactivation curse though." I have not had problems with cyl deactivation. But if you are concerned just buy and plug in a range device - problem solved. What vehicle do you have? There were some posts about problems with cyl deactivation on the Honda V-6 a while back, but d...
by smitcat
Sun Dec 23, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 829
Views: 118939

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Are there any reports of people who have received Honda's "fix" for this issue and still had the problem? Yes. I've been following this thread and there are several. Some reports of it working as well, so not clear at this point what the majority are experiencing. My take is that it's not really a ...
by smitcat
Sat Dec 22, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17050

Re: Mr. Money Mustache, SWR, and equity allocation

Almost all of the FIRE / early retire bloggers have redefined "retirement" to look something like this: Spouse works full time and gets health care benefits I blog or do odd jobs (making MORE than the average American family of four makes) I wouldn't call it a con per se, but really, if you tell th...
by smitcat
Sat Dec 22, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5436

Re: "Stay the course" is rational -- but is it reasonable?

It depends on your "worst case" scenario. But the typical post around here reads like this one from HomerJ: 2000 was probably the WORST time in recent history to invest. And we still got 5.5% a year over the past 19 years. And of course all the money you invested in 2001, 2002, 2003, 2004, etc. has...
by smitcat
Sat Dec 22, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Want a service that runs multiple SWR tools for you every year
Replies: 10
Views: 760

Re: Want a service that runs multiple SWR tools for you every year

How many retired Bogles have a folder full of SWR calculators, and input new data to them every year, and use them to think about making adjustments to the next year's withdrawal? I would pay for a service that does that. Give me a single input form, and it propagates to lots of different calculato...
by smitcat
Sat Dec 22, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Involuntary retirement - stories and strategies?
Replies: 32
Views: 3599

Re: Involuntary retirement - stories and strategies?

https://www.wsj.com/articles/even-a-booming-job-market-cant-fill-retirement-shortfall-for-older-workers-11545326195?mod=mhp Reading this article about the challenges of finding a new job when you are 55+ got me thinking. How many people are involuntarily retired long before 65? I’m asking about tho...
by smitcat
Fri Dec 21, 2018 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17050

Re: Mr. Money Mustache, SWR, and equity allocation

I read MMM. I could not live the lifestyle. I like to eat out. I like to travel. I have a big house. I drive an automobile. I don’t hate my job. I could not switch to a frugal lifestyle and I be happy. Quite frankly I’d be bored retiring very young. I would find this statement to be more believable...
by smitcat
Fri Dec 21, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 401k artificially inflating net worth?
Replies: 88
Views: 4821

Re: 401k artificially inflating net worth?

Two guys with 1M net worth: a) first guy has 1M in taxable with NO gains (equivalent to 1M in cash) b) second guy has 1M in a 401k. At that very *INSTANT IN TIME* the first guy is worth more. The net worth calculation is overstating the true value of the second guy. Why are these two guys comparing...
by smitcat
Fri Dec 21, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: 401k artificially inflating net worth?
Replies: 88
Views: 4821

Re: 401k artificially inflating net worth?

Before celebrating your high net worth, should 401k balances be adjusted downward? A dollar in a 401k does not have the same value as a dollar in your savings account. The dollar in the 401k is reduced in value by: 1) need to pay taxes on that dollar in order to spend it 2) taxed as income instead ...
by smitcat
Fri Dec 21, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17050

Re: Mr. Money Mustache, SWR, and equity allocation

Recall the permanent SWR is reported to be 2.5%-3%. At this rate, withdrawals are offset by distributions + growth. Were I planning for 50+ years of withdrawals, I'd use 2.5%... just to be safe. Better to have it (money in reserve) and not need it, than to need it and not have it. Can I be your hei...
by smitcat
Fri Dec 21, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5436

Re: "Stay the course" is rational -- but is it reasonable?

It is rational and reasonable for us.
YMMV
by smitcat
Fri Dec 21, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2263

Re: Buying vs renting - can I afford either?

Thanks for all your replies; you have given me what is probably my first 'reality check' in quite some time. To answer some of the questions you have posed: What has changed to make me want to buy now? My dad died earlier this month. He was 96 years old, and a good provider. Now that we don't have ...
by smitcat
Fri Dec 21, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Any advice for buying a used car?
Replies: 79
Views: 3566

Re: Any advice for buying a used car?

Strictly my educated opinion, "A" tier, Toyota, Lexus, Subaru. "B" tier, Ford, Honda, Mazda. "C" tier, GM, Volkswagen. "D" tier, C-D-J-Ram, Nissan. "E" all the rest except, Fiat, Mini & Kia, these three are off the scale until they prove different. No Hyundai? No warm spot in my heart for any Korea...
by smitcat
Thu Dec 20, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2263

Re: Buying vs renting - can I afford either?

Hi; This is my first post. I found this forum through a Google search. My question is whether or not I can buy a home or rent an apartment in my current financial situation, which is: 63 year old male, single (never married) have been unemployed for 10 years, living with parents & other family memb...
by smitcat
Thu Dec 20, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: New job brings new 401k options. What should I choose?
Replies: 15
Views: 573

Re: New job brings new 401k options. What should I choose?

Heh, that's why I specifically mentioned my need to take the risk. I'm 35 and I only have $67k in my retirement accounts. I need to go from that to $600,000 in 15 years. I need to be really aggressive and hope it works out. And, if it doesn't, I guess I'm working beyond 50. You're planning on retir...
by smitcat
Thu Dec 20, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Company Mass Hiring then put on Overhead
Replies: 9
Views: 1228

Re: Company Mass Hiring then put on Overhead

I was just wondering if what I am currently experiencing in the workplace is widespread or unique to my company. You read about the record low unemployment in the US. Our company is hiring like crazy. This has been going on for several years. They vet the candidates well, i.e. they don’t hire just ...
by smitcat
Thu Dec 20, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: money from business sale
Replies: 5
Views: 555

Re: money from business sale

stillers: Selling business Jan 4, 2019 will have 6 figure check for goodwill. With the current market and my age 63. Where is a Good place to park it until things settle out some? No need for money in next 18 months. I have a well diversified portfolio with Vanguard. stillers: I would review my ass...
by smitcat
Thu Dec 20, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: What did you do once you hit your target number?
Replies: 49
Views: 5426

Re: What did you do once you hit your target number?

I certainly enjoyed my job for a long time and certainly wouldn’t just want to sleep in and lounge around the house all day. You must be kidding? I don't enjoy my job per se, I wouldn't do it for free, but I prefer it over lounging around; sitting in front of a TV with a video game controller in my...
by smitcat
Thu Dec 20, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: General Rule for Home appreciation over 25 year+ period?
Replies: 48
Views: 2514

Re: General Rule for Home appreciation over 25 year+ period?

FWIW - in our area the house has increased in price by 300% over 30 years.
Not sure if that has any value to anyone as a data point.
by smitcat
Wed Dec 19, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17050

Re: Mr. Money Mustache, SWR, and equity allocation

Or if you're a BH, you have some discretionary stuff in that 4% and you drop back to 3% for a few years, or at the very least, you don't increase your withdrawals by inflation. :) I think maybe the FIRE crowd is so fixated on the fixed withdrawal strategy because so many of them are so frugal they ...
by smitcat
Wed Dec 19, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 41
Views: 1764

Re: Yet another Roth vs Traditional 401k thread

Appears your largest hurdle in Mass. is the state tax and the highest inheritance tax of all states. Exploring the option of a 'primary' residence in a zero tax state may be very helpful to you and/or your heirs. Everything else being equal, I would explore that option. However, everything else sel...
by smitcat
Wed Dec 19, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: What did you do once you hit your target number?
Replies: 49
Views: 5426

Re: What did you do once you hit your target number?

I didn’t really have a target number. But I did certainly have a “target time” when I wanted to retire (55-60). I’m always a little surprised when I hear “somebody has hit their target number so is retiring”. I guess if you just hate your job right from the get go? Anyway even if you are really foc...
by smitcat
Wed Dec 19, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 125
Views: 14501

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Yup - we see the participation and savings rates dropping as well. I did like the graphic in the pdf that showed the growth in companies automatically enrolling new employees by default. I would imagine the contribution rate set for those automatic enrollments is low (probably something like 3-5% f...
by smitcat
Wed Dec 19, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 41
Views: 1764

Re: Yet another Roth vs Traditional 401k thread

DECISION: As Epsilon Delta indicated, even a wrong decision won’t be wrong by more than 2-5%. So, DW will contribute $24.5k to Roth 401k and employer’s match of $18.5k goes to traditional (no choice in that). In the end, I decided that tax diversity was sufficiently valuable. Appears your largest h...
by smitcat
Wed Dec 19, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 125
Views: 14501

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I would max every thing if I had more money but I need to keep something out to buy food and pay the mortgage. :) Salary is always the limiting factor for contributions and having enough left over to cover all expenses. :beer Meanwhile, the Vanguard pdf link above shows this on page 7 for the avera...
by smitcat
Wed Dec 19, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1888

Re: Disney/Univ Studio in Spring Break - is it crowded?

There's one thing you can bet good money on and that is the fact that both those parks are going to be crowded when you plan on attending. They are always crowded. ALWAYS. I went in mid September. It wasn't crowded at all. Crowd size changes dramatically throughout the seasons/year. Yes - agreed. I...
by smitcat
Wed Dec 19, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Any advice for buying a used car?
Replies: 79
Views: 3566

Re: Any advice for buying a used car?

Strictly my educated opinion, "A" tier, Toyota, Lexus, Subaru. "B" tier, Ford, Honda, Mazda. "C" tier, GM, Volkswagen. "D" tier, C-D-J-Ram, Nissan. "E" all the rest except, Fiat, Mini & Kia, these three are off the scale until they prove different. No Hyundai? No warm spot in my heart for any Korea...
by smitcat
Wed Dec 19, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1888

Re: Disney/Univ Studio in Spring Break - is it crowded?

I visited last Spring break. It was extremely crowded to the point that it wasn't worth it. The other thing that annoyed me is that the two Harry Potter areas are in different parts of Universal and so you have to buy tickets to both parks if you want to both areas. And with the long lines, there i...
by smitcat
Wed Dec 19, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1888

Re: Disney/Univ Studio in Spring Break - is it crowded?

This is great advice to use U/T and the crowd calendar. Any days above a 6-7 will have longer lines that most would like. At Universal you can often get a very good deal on their moderate hotels that include a fast pass system much more valuable than Disneys fast pass. At U - Studios if you stay at...