Search found 7526 matches

by smitcat
Sun Apr 11, 2021 10:26 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

"I don't own a diesel and don't need one for any uses" Many folks that speak about diesels have never owned one. So what part of the standard narrative about diesels do you believe is not correct? I don't have experience with a new diesel truck, only trucks from a dozen years ago. Given t...
by smitcat
Sun Apr 11, 2021 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 102
Views: 3605

Re: Do budgets work?

Wouldn't a Big Expense that you can't cash flow indicate that you might need to "budget" for that expense? Especiaally an expense you KNOW is coming - property taxes, a vacation, school tuition? You'd need alot of disposable income every month to handle a large property tax bill (on your ...
by smitcat
Sun Apr 11, 2021 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 102
Views: 3605

Re: Do budgets work?

Wouldn't a Big Expense that you can't cash flow indicate that you might need to "budget" for that expense? Especiaally an expense you KNOW is coming - property taxes, a vacation, school tuition? You'd need alot of disposable income every month to handle a large property tax bill (on your ...
by smitcat
Sun Apr 11, 2021 8:56 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

OP here. Back story now. I wanted to "dip my toe" into the RV life. An inexpensive option was to buy a small travel trailer and pull it with the truck I now drive. The advice and feedback I received here was invaluable and clear. The scenario will not work. I need a bigger truck or go the...
by smitcat
Sun Apr 11, 2021 8:53 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

Towing is one thing. Braking is another. Don't forget about brakes. In theory as long as you are meeting the weight specifications the truck doesn't need more braking since it's provided by the trailer. Braking is augmented by the trailer - dependent upon the exact trailer brakes design (hyd/electr...
by smitcat
Sun Apr 11, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

"I don't own a diesel and don't need one for any uses" Many folks that speak about diesels have never owned one. So what part of the standard narrative about diesels do you believe is not correct? I don't have experience with a new diesel truck, only trucks from a dozen years ago. Given t...
by smitcat
Sun Apr 11, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

"I don't own a diesel and don't need one for any uses" Many folks that speak about diesels have never owned one. So what part of the standard narrative about diesels do you believe is not correct? I don't have experience with a new diesel truck, only trucks from a dozen years ago. Given t...
by smitcat
Sun Apr 11, 2021 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Are we really ready to retire?
Replies: 27
Views: 5190

Re: Are we really ready to retire?

People on this forum are beating the asset allocation and Roth conversion to death. In my opinion, if you are in a situation to have a lot of money at RMD, you are in a great shape. I would worry more about the things that I want to do in retirement and make the retirement worth my time, money, and...
by smitcat
Sun Apr 11, 2021 8:12 am
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7136

Re: Pre buy Disney World tickets as inflation hedge

I've been to WDW at least a dozen times. It's where many of my best memories were made. We took our then nearly three-year old daughter there with my parents three years ago and had a great time. We went in late-Jan.-early-Feb., and the crowds weren't too bad, though definitely more than we anticip...
by smitcat
Sun Apr 11, 2021 6:29 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18560

Re: For those retired or FI, how much do you spend annually?

It appears to be problematic to retire in Italy now, not too optimistic at all .... "According to our survey, retirees in Italy are also the least happy when it comes to being able to afford the lifestyle they want in retirement. Almost 50% of retired respondents stated they are unhappy with t...
by smitcat
Sun Apr 11, 2021 6:23 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

I have a travel trailer with about the same weight. When I got the trailer, I used to tow it with a V-8 F150. This was not enough truck for anything but freeway driving in flat areas. Throw in any back roads, any hills, any less than ideal conditions and things went south quickly. I upgraded the tr...
by smitcat
Sat Apr 10, 2021 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 102
Views: 3605

Re: Do budgets work?

This morning, I read a Tweet I found depressing: "In 13 years as a financial advisor, I've never seen anyone actually turn their life around with a budget. They either earn their way out of their spending habits, or they are in debt forever." Do you agree? I have seen folks work there way...
by smitcat
Sat Apr 10, 2021 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 86
Views: 5471

Re: Theory: The Only Four Situations Justifying Debt

5. Taking out a 1% margin loan for cash needs instead of selling appreciated stock and paying 34% LTCG tax. Counts as an emergency. 6. Taking out a 0% new car loan. Literally free money. Not really. If that zero percent offer came from the car company's lender, they baked their profit into the cost...
by smitcat
Sat Apr 10, 2021 1:04 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

I have a travel trailer with about the same weight. When I got the trailer, I used to tow it with a V-8 F150. This was not enough truck for anything but freeway driving in flat areas. Throw in any back roads, any hills, any less than ideal conditions and things went south quickly. I upgraded the tr...
by smitcat
Sat Apr 10, 2021 1:02 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 40
Views: 2198

Re: Travel Trailer vs My Pickup Truck: Specs?

I have a travel trailer with about the same weight. When I got the trailer, I used to tow it with a V-8 F150. This was not enough truck for anything but freeway driving in flat areas. Throw in any back roads, any hills, any less than ideal conditions and things went south quickly. I upgraded the tr...
by smitcat
Sat Apr 10, 2021 6:51 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18560

Re: For those retired or FI, how much do you spend annually?

A few stats based on 2020 data: $43.8K - median household (HH) income in retirement $67.2K - mean HH income in retirement $34.8K - median HH income for 75+ year old $54.4K - mean HH income for 75+ year old The figures for average and median were incorrectly switched - they are now corrected above a...
by smitcat
Fri Apr 09, 2021 9:01 pm
Forum: Personal Investments
Topic: AA - Too conservative?
Replies: 27
Views: 2602

Re: AA - Too conservative?

I’m currently 36 married with kids and have about $1m in retirement savings. My target for retirement savings is around 2.5m and I’d like to retire in 20 years. Is my current asset allocation too conservative to reach my goal? waterwell, No. You can reach 2.65 million in 20 years with a 5% annual r...
by smitcat
Fri Apr 09, 2021 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18560

Re: For those retired or FI, how much do you spend annually?

... A few stats based on 2020 data: $43.8K - average household (HH) income in retirement $67.2K - mean HH income in retirement $34.8K - average HH income for 75+ year old $54.4K - mean HH income for 75+ year old What's the difference between "average" and "mean" here? Should one...
by smitcat
Fri Apr 09, 2021 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18560

Re: For those retired or FI, how much do you spend annually?

... A few stats based on 2020 data: $43.8K - average household (HH) income in retirement $67.2K - mean HH income in retirement $34.8K - average HH income for 75+ year old $54.4K - mean HH income for 75+ year old What's the difference between "average" and "mean" here? Should one...
by smitcat
Fri Apr 09, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18560

Re: For those retired or FI, how much do you spend annually?

This is showing 2019 numbers because 2020 was not normal with Covid. The $2k hospital bill in 2019 was not a normal occurrence either but I included it. Outside of medical insurance I probably only spend $100/year. My health insurance is appr $60/PPD ($60 x 26 = $1,560/year). My coworker on the oth...
by smitcat
Fri Apr 09, 2021 10:04 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 236
Views: 46178

Re: who here is tempted to pullback on stocks?

All those answering here seem to have a long time to go, so they can easily rationalize that even if the market falls, no matter how hard, there is enough time to recover. The challenge is for retirees that due to the incredible performance of equities in the past years, their portfolios have organ...
by smitcat
Thu Apr 08, 2021 3:50 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3068

Re: Should I replace 2 or 4 tires?

When you rotate (or someone rotates) your tires in a standard cross pattern, you will have new and old tires on different axles. Why not have all four tires match? Some cars do not call for a cross pattern - only side to side. For my car (AWD) they only do front to back if all tires are of even wea...
by smitcat
Thu Apr 08, 2021 3:47 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3068

Re: Should I replace 2 or 4 tires?

When you rotate (or someone rotates) your tires in a standard cross pattern, you will have new and old tires on different axles. Why not have all four tires match? Some cars do not call for a cross pattern - only side to side. Are those the cars that have larger tires in back vs front? There are so...
by smitcat
Thu Apr 08, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3068

Re: Should I replace 2 or 4 tires?

criticalmass wrote: Wed Apr 07, 2021 10:04 pm When you rotate (or someone rotates) your tires in a standard cross pattern, you will have new and old tires on different axles. Why not have all four tires match?
Some cars do not call for a cross pattern - only side to side.
by smitcat
Wed Apr 07, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3068

Re: Should I replace 2 or 4 tires?

Brand new tire tread depth is 8.5/32. My remaining tread depths are: 1x 3/32 1x 4/32 2x 5/32 Costco has a promo - $150 off 4 tires. Cost of each tire is $230. I plan to replace the 3/32, probably the 4/32 as well. Mathematically, would it make sense to replace the 5/32 tires at the same time? My ve...
by smitcat
Wed Apr 07, 2021 7:10 am
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7136

Re: Pre buy Disney World tickets as inflation hedge

So Disney world tickets go up in price nearly every year and typically go up by more than the rate of inflation, last few years a lot more. I was thinking since the tickets are good forever would it be worthwhile to buy them now, to be used in 4-5 years when our kids are going to be around 6&9 ...
by smitcat
Tue Apr 06, 2021 7:46 pm
Forum: Personal Investments
Topic: Gold and Silver Questions?
Replies: 44
Views: 3179

Re: Gold and Silver Questions?

"I've never sold physical precious metals and wouldn't in 'normal' circumstances. I hold physical precious metals as 'insurance against the unknown'. FWIW - its pretty easy to sell as well, really no problem at all with JM or others. Good to know. Thanks. No problems - your posts are always so...
by smitcat
Tue Apr 06, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5710

Re: Job Satisfaction vs Maximizing Income

Maybe it is too hypothetical or opaque for many to give advice on. More so, just trying to take a poll of prevailing sentiment. In my mind, I think I could put up with pretty much anything for the first 8-10 years of my career if it will set up my family financially. Not sure if that is just becaus...
by smitcat
Tue Apr 06, 2021 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5710

Re: Job Satisfaction vs Maximizing Income

It is more dependent upon the employee than employer for most (but not all) cases, IMO. Very subjective. I hate working. Never had a job a found enjoyable. Tolerable, maybe, but because I have to make money. If you can "suffer" for substantially more money and FIRE, that could be a meanin...
by smitcat
Tue Apr 06, 2021 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5710

Re: Job Satisfaction vs Maximizing Income

averagedude wrote: Tue Apr 06, 2021 7:12 pm Like most things in life, balance is the key.
Really good thoughts.
by smitcat
Tue Apr 06, 2021 7:34 pm
Forum: Personal Investments
Topic: Gold and Silver Questions?
Replies: 44
Views: 3179

Re: Gold and Silver Questions?

l. Where do you buy your gold and silver? I've bought from both JM Bullion and SD Bullion and can highly recommend both. What about when you sell it? I've never sold physical precious metals and wouldn't in 'normal' circumstances. I hold physical precious metals as 'insurance against the unknown'. ...
by smitcat
Tue Apr 06, 2021 4:52 pm
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7136

Re: Pre buy Disney World tickets as inflation hedge

I was not impressed with Disney. I flew down to Florida and took my daughter, underwhelming to say the least. While it is sort of a rite of passage for children, I would rather visit Busch Gardens Williamsburg which is ridiculously close to where I live. Sorry to hear that - did you get to all the ...
by smitcat
Tue Apr 06, 2021 11:31 am
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7136

Re: Pre buy Disney World tickets as inflation hedge

We are/were a "Disney" family and did upwards of 12-14 trips to WDW in Florida. The 10 day, non-expiring passes that were available years ago were the way to go, especially if you were planning multiple trips there. We could use them for usually 2 trips and the water parks and other "...
by smitcat
Tue Apr 06, 2021 7:30 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22508

Re: Oil change interval for low-mileage vehicles

The way to know for sure is to send out a sample & have it tested, e.g. after 6 months or 1 year, at some place like: https://www.blackstone-labs.com I suspect anyone using synthetic oil & driving 12,000 miles or less annually will find their oil is still working just fine even after a year...
by smitcat
Mon Apr 05, 2021 8:07 am
Forum: Personal Investments
Topic: Gold and Silver Questions?
Replies: 44
Views: 3179

Re: Gold and Silver Questions?

Recent silver prices are way down. About a dollar and a half an ounce since last month. The thing to have done with silver is seen the big runup and sold. I did exactly this, selling everything I had remaining from my disasters of buys over the last 8 years. The thing with silver compared to gold i...
by smitcat
Mon Apr 05, 2021 7:59 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22508

Re: Oil change interval for low-mileage vehicles

The way to know for sure is to send out a sample & have it tested, e.g. after 6 months or 1 year, at some place like: https://www.blackstone-labs.com I suspect anyone using synthetic oil & driving 12,000 miles or less annually will find their oil is still working just fine even after a year...
by smitcat
Mon Apr 05, 2021 7:51 am
Forum: Personal Investments
Topic: Gold and Silver Questions?
Replies: 44
Views: 3179

Re: Gold and Silver Questions?

When thinking of buying gold or silver one thing you should do is sit down and write down just why you are buying it. That might be things like; 1) Protection from hyperinflation(Hint, gold may hold its value but don't expect the purchasing power of a gold coin to soar a lot.) 2) To used in the &qu...
by smitcat
Sun Apr 04, 2021 1:40 pm
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4529

Re: WSJ article "How to Know if Your Retirement Savings Are on Track"

At the risk of being a broken record, it leads to the absurd position of: “We were on track for retirement last year, but my wife got a raise, so now we won’t have enough to retire.” ETA: for the record, I have no idea what our expenses will be a few years into retirement. If you got a big raise an...
by smitcat
Sun Apr 04, 2021 1:39 pm
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4529

Re: WSJ article "How to Know if Your Retirement Savings Are on Track"

Triple digit golfer wrote: Sat Apr 03, 2021 12:04 pm Not only do I think that an expense multiple is more useful, I actually think an income multiple is 100% useless.
Exactly...
by smitcat
Sun Apr 04, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming SS early or late for non-representative sub-populations
Replies: 14
Views: 1178

Re: Claiming SS early or late for non-representative sub-populations

Let’s imagine that every person born in Arkansas has a life expectancy two years shorter than average and every person born in Mississippi has a life expectancy two years longer than average. (I picked those two states solely because they are roughly equivalent in population). Ignoring the “longevi...
by smitcat
Sat Apr 03, 2021 12:13 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 35720

Re: Retire with Less Than $1 million?

For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had to defer prop tax; a county program was available. She did just fine. Was VERY frugal—a Big Mac was a treat. No cable, cell phone, internet. (Or st...
by smitcat
Fri Apr 02, 2021 1:40 pm
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 57
Views: 6096

Re: Lower bond percentage after you won the game?

There is a problem of thinking in percentages of assets as risk related. You have x number of years of bonds. You add more stocks but keep your bonds the same. Your risk goes down not up even though your AA is ‘more risky’ +1 check out liability Matching portfolio - you do not have to implement it ...
by smitcat
Fri Apr 02, 2021 1:28 pm
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 57
Views: 6096

Re: Lower bond percentage after you won the game?

If the market continues to do well, I'm going to hit my safe retirement number before the end of the year. For many reasons, I will continue to work for another 5 years or so, likely significantly increasing my net worth in that time. Given the above, is it reasonable to allow your assets to drift ...
by smitcat
Fri Apr 02, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Enough to retire?
Replies: 55
Views: 6044

Re: Enough to retire?

While the open social security calculator has great value with your potential SS projections it does not look at the rest of your portfolio performance, makeup, variables, and tax consequences. They will all interact with SS which will make any SS choices either 'better' or 'worse' but never the sa...
by smitcat
Fri Apr 02, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Enough to retire?
Replies: 55
Views: 6044

Re: Enough to retire?

taking SS early and letting investments earn makes sense to me... I believe it makes sense in MY case... Curley Dave, if he returns to this thread, appears to also think it's a good strategy for HIM . Smitcat has made a compelling argument for waiting until 70. I would suggest you head over to the ...
by smitcat
Fri Apr 02, 2021 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Asking for more Merit aid? College decision day 5/1
Replies: 33
Views: 1694

Re: Asking for more Merit aid? College decision day 5/1

Should we approach that school and ask for more merit aid showing that competing state schools are offering more? Has anyone has success with this? More than likely, they will not consider it a “competing school.” You can tell Yale that Princeton had a higher need based aid number, but they won’t b...
by smitcat
Fri Apr 02, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Asking for more Merit aid? College decision day 5/1
Replies: 33
Views: 1694

Re: Asking for more Merit aid? College decision day 5/1

Should we approach that school and ask for more merit aid showing that competing state schools are offering more? Has anyone has success with this? More than likely, they will not consider it a “competing school.” You can tell Yale that Princeton had a higher need based aid number, but they won’t b...
by smitcat
Fri Apr 02, 2021 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Taking on more Debt for an Internship
Replies: 15
Views: 1073

Re: Taking on more Debt for an Internship

Hello fellow Bogleheads! This is my very first post on here, I learned about this awesome place by reading Bogleheads' Guide to Investing (I just started reading it!). Anyways, I am currently in my junior year of college, majoring in personal financial planning. I was saving up to pay for my senior...
by smitcat
Fri Apr 02, 2021 7:23 am
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7136

Re: Pre buy Disney World tickets as inflation hedge

So Telsa, Bitcoin, and Disneyworld TICKETS (not stock) are all good bets with the latter being less volatile. Hmmm. I bought ahead on Disney World annual pass vouchers. I might be sitting on a real gold mine! :happy The older 10 day not expirable pass as well as the non expirable annual pass was al...
by smitcat
Fri Apr 02, 2021 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48064

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Since the topic of preschool has been raised, I thought I'd share our experience with that. Preschool was relatively expensive for us but we did find ways to mitigate the cost. My daughter attended Stratford School for two years. At age 3, she attended a full day program but only 3 days a week. At ...