Search found 7541 matches

by smitcat
Wed Apr 14, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate how much you can spend?
Replies: 14
Views: 1098

Re: How to estimate how much you can spend?

Age 70, turn 71 in December. Current positions are about $3.2M in IRA and $.76M in Roth with about $180K outside of retirement. I have about a 60/40 asset allocation. I have been tracking our investment return, taxes, and spending for about 5 years. We have been doing Roth conversions of about a $1...
by smitcat
Wed Apr 14, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3747

Re: C8 Corvette?

The lack of a manual and the fact that it is absolutely HUGE cross it off my list. The auto industry hasn't caught on yet that manual transmissions sell cars to enthusiasts. The R35 GT-R is a competition killer, but enthusiasts are awaiting the 25 year point to import R34's and are already paying n...
by smitcat
Wed Apr 14, 2021 8:03 am
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3747

Re: C8 Corvette?

OK...so a few things...money is not an issue. I have been blessed and am all set...as for the other brands...pretty much been there done them...have owned several Porsches, nice cars..pretty reliable really but would like to try and American car for a change up. Yea,I am an older guy and I have a G...
by smitcat
Wed Apr 14, 2021 7:06 am
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3747

Re: C8 Corvette?

I've been lusting after and planning the purchase of one since it was announced. After all, the mid-engine Corvette has been a dream of mine since I had the poster of the "Corvette Indy" prototype on my wall as a kid. Plan has been to buy one in ~2 years when my 13.5 yo steals my current ...
by smitcat
Tue Apr 13, 2021 7:20 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3747

Re: C8 Corvette?

Its a great car if you like smaller sports cars - it only comes with the DCT no manual trans available. The timing between order and delivery is running about 10-12 months unless you get lucky with a small local dealer or if you want to pay a good deal above MSRP. While the coupe is very nice the HT...
by smitcat
Tue Apr 13, 2021 7:40 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3341

Re: Travel Trailer vs My Pickup Truck: Specs?

With the exception of the Ford 6.0 PSD in 03-07 my personal experience with a HD diesel truck have been excellent. I drove a 08 LMM Duramax until I purchased '12 Ram CTD. Both were problem free, both got to close to 200k miles before I let them go. I know of one truck a guy had a multi-thousand $ r...
by smitcat
Tue Apr 13, 2021 7:20 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20838

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

The article basically says very few are happy with retirement, very few are prepared, very few think its their responsability and that it is getting worse. IMHO - I prefer a more 'expensive' retirement where I am. It's been only a few years since the Social Security in Italy made it easy for people...
by smitcat
Mon Apr 12, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20641

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Maybe the latest safety features provide the illusion of safety. Instead of driving into work, one could own a pogo-stick and live right next to their job. Whatever would have gone into paying for the cars can now be used toward increased housing cost. Another option is to continue to commute from ...
by smitcat
Sun Apr 11, 2021 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 208
Views: 10196

Re: The primary factor for picking a College/University is out of pocket cost

That is crazy to think about. How come no one ever mentions ROTC? A few HS classmates did ROTC at ivys. If you want to serve in the military, then I suppose it's a great deal. If you don't, then you are limiting your options (particularly the option of not serving in the military). Top 0.05% end up...
by smitcat
Sun Apr 11, 2021 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 208
Views: 10196

Re: The primary factor for picking a College/University is out of pocket cost

Top 0.05% are top 1,750 high school graduates in an average year. HYPMS won’t give a full ride to them if parents make too much. A merit based school probably would. That is crazy to think about. How come no one ever mentions ROTC? A few HS classmates did ROTC at ivys. If you want to serve in the m...
by smitcat
Sun Apr 11, 2021 1:35 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3341

Re: Travel Trailer vs My Pickup Truck: Specs?

"Your 9500lb trailer would squash a new GM 1/2t like a bug, just like it would mine - just maybe with a little more of the exoskeleton left." My current 1/2 ton Chevy is rated for 9,600#'s and better equipped than our older Chevy 1/2 ton pickups were. These have better v8's, higher axle r...
by smitcat
Sun Apr 11, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4855

Re: Do budgets work?

"Telecom bust. Gambled on Telecom stock. Lost 50% of my portfolio as a result of that." Telecom bust was 2001 - if you had 50% lost then the rest would still be at about 7-10X expenses at that time. 7 to 10 X expenses at 2001 plus one time expense every year since and earnings on that wou...
by smitcat
Sun Apr 11, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3341

Re: Travel Trailer vs My Pickup Truck: Specs?

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 that you don't need the performance characteristics of a diesel, why would you choose to own one? In either a car or truck? ...
by smitcat
Sun Apr 11, 2021 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4855

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 12:09 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3341

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 10:26 am
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3341

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: 122
Views: 4855

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: 122
Views: 4855

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: 54
Views: 3341

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: 54
Views: 3341

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: 54
Views: 3341

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: 54
Views: 3341

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: 28
Views: 5768

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: 7256

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: 286
Views: 20838

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: 54
Views: 3341

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: 122
Views: 4855

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: 103
Views: 7035

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: 54
Views: 3341

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: 54
Views: 3341

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: 286
Views: 20838

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: 2700

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: 286
Views: 20838

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: 286
Views: 20838

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: 286
Views: 20838

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: 238
Views: 47066

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: 3087

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: 3087

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: 3087

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: 3087

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: 7256

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: 3266

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: 5883

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: 5883

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: 5883

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: 3266

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: 7256

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: 7256

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: 22774

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: 3266

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...