Search found 2966 matches

by sailaway
Sun Apr 11, 2021 8:43 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 12
Views: 1152

Re: Flooring decisions for whole house - tile vs laminate

The thing about tile and grout is that the grout is a pain to keep clean.

Swishing across the floor in socks also more fun without grout lines, but that isn't on your priority list...
by sailaway
Sat Apr 10, 2021 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Scholarship vs endowment
Replies: 8
Views: 637

Re: Scholarship vs endowment

Have you contacted the school in question to inquire about the systems they have in place?
by sailaway
Sat Apr 10, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 42
Views: 3173

Re: Anyone contemplating OLY (One Less Year)?

If OMY decides to OLY in the middle of the year, what are they?
by sailaway
Sat Apr 10, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 114
Views: 4322

Re: Do budgets work?

Budgets work the same way that diets work: the plan works if you follow it. The difference is, it seems more people have long term success with budgets than diets.
by sailaway
Fri Apr 09, 2021 8:49 pm
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2733

Re: Rebalance frequency

Rebalancing frequency doesn't seem to have much effect on the outcome, so it would likely just be more work.

If it helps, you are already rebalancing twice as often as this goose.
by sailaway
Fri Apr 09, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18713

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

Irrespective of the numbers, seems like it is going to be more and more important to look at spending, rather than income, as fewer people have pensions and hopefully more have savings, in a mix of traditional, Roth and taxable accounts.
by sailaway
Fri Apr 09, 2021 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 161
Views: 18713

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 sailaway
Fri Apr 09, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14294
Views: 1102600

Re: U.S. stocks continue to soar!

What was that? Swoosh...
by sailaway
Fri Apr 09, 2021 11:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14294
Views: 1102600

Re: U.S. stocks continue to soar!

peppers wrote: Fri Apr 09, 2021 11:32 am I'll play

(clears throat)

Woe unto ye, followers of the S&P
The muzzled roar you hear are the minions of the Great Bear, ready to do his bidding
Ask for no quarter...none will be given

Ok does that work?
Made my day, whatever the markets do.
by sailaway
Thu Apr 08, 2021 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 60
Views: 4775

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

We have several cards to make the most of cash back, so this is just our "well, can't seem to do better than 2% any other way" card. However, we have had no problems whatsoever. The caveat being that we have had no problems whatsoever, so we have never tried to contact customer service. Si...
by sailaway
Thu Apr 08, 2021 8:47 pm
Forum: Investing - Theory, News & General
Topic: How much do you spend annually in retirement?
Replies: 112
Views: 10357

Re: How much do you spend annually in retirement?

Dontcha just love how complicated this program for seniors is?
by sailaway
Thu Apr 08, 2021 4:59 pm
Forum: Personal Consumer Issues
Topic: Housing circumstances
Replies: 44
Views: 2590

Re: Housing circumstances

Does the area you are moving to have ADUs/ granny flats/ carriage houses? You might be able to get the size house you want for your family and a future rental income once they leave.
by sailaway
Thu Apr 08, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vote: House or keep buying taxable mutual funds?
Replies: 14
Views: 1034

Re: Vote: House or keep buying taxable mutual funds?

I live in one of those cities that makes top ten lists for growth in housing prices. The market has still out performed housing since we moved here. The community we are in hasn't quite doubled since we originally looked in 2013, but the stock market has. But we didn't move into this community right...
by sailaway
Thu Apr 08, 2021 4:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14294
Views: 1102600

Re: U.S. stocks continue to soar!

dogagility wrote: Thu Apr 08, 2021 3:59 pm
rchmx1 wrote: Thu Apr 08, 2021 3:23 pm Ah soaring my old friend.
I've come to talk with you again. :moneybag
I prefer softly creeping, especially with a 401k contribution going in tomorrow...
by sailaway
Thu Apr 08, 2021 2:06 pm
Forum: Personal Investments
Topic: Sidedoor Roth
Replies: 36
Views: 2391

Re: Sidedoor Roth

Is there a youtube or tiktok with this technique going around? We had another poster suggesting a similar strategy just yesterday.
by sailaway
Thu Apr 08, 2021 11:56 am
Forum: Personal Consumer Issues
Topic: walking shoes with wide toes?
Replies: 45
Views: 2529

Re: walking shoes with wide toes?

I am back with my trail running recommendations. A lot of trail runners specifically advertise their roomy toe box. I prefer Merrill Trail Gloves, but there are more traditional options with that roomy toe box, as well.
by sailaway
Thu Apr 08, 2021 10:31 am
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7036

Re: Family with 4 little humans: chances of retiring/financial independence

If you would like to retire early in 20 years and have financial independence, then I think you can simplify down to the following: Save & invest 50% of your annual gross income every year. I don’t feel like doing math, but isn’t 50% what they usually recommend to people who want to FIRE in 10 ...
by sailaway
Wed Apr 07, 2021 11:56 pm
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3713

Re: Definition of one more year (OMY).

For us, it means we have achieved our stated goals, but don't feel particularly confident about our ability to predict the next few decades, either in terms of the economy nor our desires as we age. I imagine this is harder for high income and for particularly young retirees. Each year still makes a...
by sailaway
Wed Apr 07, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why would a condo assn own some of the units?
Replies: 4
Views: 776

Re: Why would a condo assn own some of the units?

I have seen condos that have a guest unit that owners can reserve for guests, for a fee, of course.
by sailaway
Wed Apr 07, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401k " to do" when leaving job
Replies: 6
Views: 1125

Re: 401k " to do" when leaving job

Has the Vanguard solo 401k started accepting rollovers? Their standard plan did not accept rollovers when I was looking into it.
by sailaway
Wed Apr 07, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 41
Views: 6052

Re: Can I early retire from my corporate job?

Can you do it? Yes, no problem. However, I would question your plan in so far as it regards the youngest. At many schools, dorms close over breaks and often over the summer term. You will need to have a plan for them during those weeks, whether that is flying them to Asia severe times a year or putt...
by sailaway
Wed Apr 07, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4257

Re: Tax bill split between spouses

I would just consider the taxes owed (or refund) as the bill and split that according to the normal ratio. that, as others have pointed out, is unfair to the lower earning spouse... since in reality MFS would yield a tax bill roughly in the ratio of 10:1 compared to a earnings ratio go 4:1... In th...
by sailaway
Wed Apr 07, 2021 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4257

Re: Tax bill split between spouses

I would just consider the taxes owed (or refund) as the bill and split that according to the normal ratio.
by sailaway
Wed Apr 07, 2021 11:54 am
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2665

Re: Shoe Choice for a Walker

6 months is actually pretty good for the ground you are covering. I can get a bit more mileage if I stick to trails, rather than sidewalks. I like Merrill Trail Gloves. Technically, they are running shoes, but they are my favorite walking shoes of all time. That rec may be useless to you, depending ...
by sailaway
Wed Apr 07, 2021 11:03 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6227

Re: How much cash do you really hold?

I subtract the cash on hand from the bond portion. So, on the day we rebalance, we are literally 70% stocks, the other 30% is bonds + cash. We have held roughly the same amount of cash since we started tracking, which means it has been an ever decreasing % during accumulation. It also means our port...
by sailaway
Tue Apr 06, 2021 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5771

Re: Job Satisfaction vs Maximizing Income

TheBeanCounter wrote: Tue Apr 06, 2021 7:04 pm
Olemiss540 wrote: Tue Apr 06, 2021 7:02 pm I'd say work a soup kitchen for a few weeks and you will have your answer.
I'm not sure if a soup kitchen would achieve job satisfaction or income maximization
Me neither, and I *have* worked in soup kitchens...
by sailaway
Tue Apr 06, 2021 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5771

Re: Job Satisfaction vs Maximizing Income

There is job satisfaction, where you can't imagine doing anything else and your colleagues are the best and there is job misery, where your job induces depression and your colleagues are abusive.

Most find themselves somewhere in between, and the latter should definitely do what they can to get out.
by sailaway
Tue Apr 06, 2021 4:29 pm
Forum: Personal Consumer Issues
Topic: Wife Beating Me Up over cost of Landscaping Job
Replies: 20
Views: 2531

Re: Wife Beating Me Up over cost of Landscaping Job

This sounds like a relationship/ communication issue.
by sailaway
Tue Apr 06, 2021 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is the expected percentage (raise) for a manager position?
Replies: 24
Views: 2266

Re: What is the expected percentage (raise) for a manager position?

Definitely company specific. DH would get a set amount for every 3 direct reports, nothing for being made directly responsible for a specific project.
by sailaway
Tue Apr 06, 2021 1:44 pm
Forum: Personal Consumer Issues
Topic: Costco rotisserie chicken
Replies: 183
Views: 34476

Re: Costco rotisserie chicken

Let's face it- if you don't pick up a $5 rotisserie Chicken each time you visit Costco then you're insane! :oops: However I find it gets a bit boring after a while... I usually just reheat it and serve with some rice and veg for a quick weeknight meal. What do you guys do with YOUR Costco chickens ...
by sailaway
Tue Apr 06, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Beneficiary & Estate Question
Replies: 18
Views: 1145

Re: IRA Beneficiary & Estate Question

... What about those who are not listed as a designated beneficiary? Some people end up inheriting a retirement account through an estate. In these situations, the distribution method used will generally follow the old rules from before the SECURE Act. In general one of the following methods must b...
by sailaway
Tue Apr 06, 2021 11:57 am
Forum: Personal Consumer Issues
Topic: Costco rotisserie chicken
Replies: 183
Views: 34476

Re: Costco rotisserie chicken

Let's face it- if you don't pick up a $5 rotisserie Chicken each time you visit Costco then you're insane! :oops: However I find it gets a bit boring after a while... I usually just reheat it and serve with some rice and veg for a quick weeknight meal. What do you guys do with YOUR Costco chickens ...
by sailaway
Tue Apr 06, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Adding GF to work benefits
Replies: 24
Views: 2027

Re: Adding GF to work benefits

...I didn't see anywhere in the documentation from my work where we need to actually register as domestic partners. We basically have to sign an affidavit that we A.) live with each other B) have been with each other X amount of years and C) the domestic partner in question doesn't have insurance a...
by sailaway
Tue Apr 06, 2021 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6803

Re: Too early to retire?

2) We have used Firecalc and it gives us about a 90% chance of making it 40 years. Are there other calc one should use? Why did you pick 40 years? There's a greater than 50% chance at least one of you will live longer than that. There's a 20% chance one of you will longer than 47 years. There's a 5...
by sailaway
Mon Apr 05, 2021 10:21 pm
Forum: Personal Investments
Topic: Should I use a Roth 401k instead of a regular 401k?
Replies: 23
Views: 2138

Re: Should I use a Roth 401k instead of a regular 401k?

My retirement plan is currently set aside 15% I would suggest bumping this up to 20% minimum and more if you can. Also you don't mention whether you have an emergency fund set aside. I have too much emergency fund right now. My money is doing nothing! That's next on my list :happy Why are you contr...
by sailaway
Mon Apr 05, 2021 9:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14294
Views: 1102600

Re: U.S. stocks continue to soar!

I backed the truck up on Friday! I bought $400.00 of S&P 500 in my retirement account as part of my biweekly savings. Market was closed Friday. Maybe they bought on Thursday. Interesting point. I never bothered to look when they buy the stocks. If you placed the orders on Friday then I don't se...
by sailaway
Mon Apr 05, 2021 9:43 pm
Forum: Personal Investments
Topic: Maxing HSA question
Replies: 10
Views: 1097

Re: Maxing HSA question

But what would I not be getting by doing it this way ? Finding my hsa directly from my bank account to hsa VS patrol deduct ? Payroll deduction is no longer possible, so you get to make a 2020 contribution. This contribution will be tax deductible at the fed level, and possibly your state level. On...
by sailaway
Mon Apr 05, 2021 9:19 pm
Forum: Personal Investments
Topic: Should I use a Roth 401k instead of a regular 401k?
Replies: 23
Views: 2138

Re: Should I use a Roth 401k instead of a regular 401k?

How will the change in taxes affect you personally. It sounds like you have high income years. This may mean that the tax deduction is saving you quite a bit right now. That deduction may be the difference to move you from one tax bracket to another. This is one piece of the information you need to ...
by sailaway
Mon Apr 05, 2021 9:02 pm
Forum: Personal Investments
Topic: Should I use a Roth 401k instead of a regular 401k?
Replies: 23
Views: 2138

Re: Should I use a Roth 401k instead of a regular 401k?

What are your long term goals? ie, do you plan to retire early?

How will the change affect your taxes? Will it affect any credits?

I certainly don't see a reason to convert your existing balance at this time. Starting Roth contributions may be useful, depending on the bigger picture.
by sailaway
Mon Apr 05, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 28
Views: 2265

Re: How much house can we afford?

You might consider having your first child where you are. This would allow you to build an idea of your own parenting style and what you would prioritize in the layout for a family house.
by sailaway
Mon Apr 05, 2021 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 28
Views: 2265

Re: How much house can we afford?

Have you ever lived in a 3000sq ft home? That is a lot of house. Could you find something closer to 2000 to 2500 in your area, so that you stick with the price range and get the nicer finishes? Are you up for projects? Might be nice to do your own kitchen, your own way once you have rebuilt the savi...
by sailaway
Mon Apr 05, 2021 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Adding GF to work benefits
Replies: 24
Views: 2027

Re: Adding GF to work benefits

Since the tax rate is less than 100%, and since employer group health insurance is usually good coverage, it's likely to be a good deal. Thanks. This is an area I am unfamiliar with so I wasn't sure. I was assuming this option was better than her going to the open market for ACA based insurance. My...
by sailaway
Mon Apr 05, 2021 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6803

Re: Too early to retire?

It looks like you have given us the actual portfolio value, not including the home? That puts you in good stead. Will you have pensions or SS in the future? Have you included those in your calculations? You have a lot more than us and you are a little older than us, but then you spend a lot more tha...
by sailaway
Mon Apr 05, 2021 1:05 pm
Forum: Personal Investments
Topic: Are converted Roth IRA Contributions Penalty Free Withdrawal?
Replies: 36
Views: 2445

Re: Are converted Roth IRA Contributions Penalty Free Withdrawal?

It depends on whether or not any tax was due. The 10% penalty only applies to any amount that was taxed at the time of conversion.

Also, since you already have Roth accounts, all of your direct contributions come out before your first conversion.
by sailaway
Sun Apr 04, 2021 9:54 pm
Forum: Personal Investments
Topic: AA for someone 2 years from retirement
Replies: 47
Views: 4710

Re: AA for someone 2 years from retirement

It depends... We chose 70/30 about 4 years out and rode it through retirement. Others choose a liability matching portfolio, which pretty much requires that you have saved beyond your needs. Have you read through the AA wikis? Thanks, for clarity do you mean 70/30 Stock/Bonds? I will read that wiki...
by sailaway
Sun Apr 04, 2021 2:56 pm
Forum: Personal Investments
Topic: AA for someone 2 years from retirement
Replies: 47
Views: 4710

Re: AA for someone 2 years from retirement

It depends...

We chose 70/30 about 4 years out and rode it through retirement.

Others choose a liability matching portfolio, which pretty much requires that you have saved beyond your needs.

Have you read through the AA wikis?
by sailaway
Sun Apr 04, 2021 11:22 am
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4537

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

Income could be useful if you knew what your expense ratios were to start with. Say, if you were following Warren's 50/30/20. However, that again involves knowing your expenses...
by sailaway
Sun Apr 04, 2021 10:16 am
Forum: Personal Investments
Topic: What is in your IPS?
Replies: 25
Views: 2271

Re: What is in your IPS?

I'm trying to finalize ours with more details beyond our current pretty basic one, but I'm not sure what it should ideally look like and how detailed it should be. Would anyone care to share the type of content their IPS? You’re trying to add details, and I’m trying to reduce details. My rule is th...
by sailaway
Sat Apr 03, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to file taxes before May 17?
Replies: 34
Views: 3619

Re: Any reason to file taxes before May 17?

1) it is done and you don't forget

2) if there are any issues, there is time to correct them

You can file and arrange payment for a later date if you do so electronically.