Search found 64 matches

by wandering_aimlessly
Fri Apr 02, 2021 9:20 pm
Forum: Investing - Theory, News & General
Topic: nextdoor referral for "financial advisor" makes sad Boglehead
Replies: 39
Views: 4426

Re: nextdoor referral for "financial advisor" makes sad Boglehead

"Do-it yourself" works well for many on this board (myself included) but we really are an unusual lot. Most people do need help - and often pushing them toward "do it yourself" financial management sounds as appealing to them as "do-it yourself" surgery. Making someone ...
by wandering_aimlessly
Wed Mar 24, 2021 9:08 pm
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9559

Re: Transferring entire 500k taxable account to Bitcoin?

"been a boglehead since 21" - if going "all in" on bitcoin is your idea of being a boglehead you may want to check the definition...

As to what could go wrong - nothing possibly comes to mind... :oops:
by wandering_aimlessly
Wed Mar 24, 2021 7:52 pm
Forum: Personal Consumer Issues
Topic: Bringing your own EZ-Pass into a rental car?
Replies: 21
Views: 1868

Re: Bringing your own EZ-Pass into a rental car?

Didn't see this comment above - as of a few months ago EZ-Pass is only compatible with central Florida (around Orlando). Here is a pretty good map of which roads will accept it: https://www.cfxway.com/e-zpass/#:~:text=What%20is%20E%2DZPass%3F,Authority's%20roads%20in%20Metro%20Orlando. If you are el...
by wandering_aimlessly
Wed Mar 17, 2021 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12183

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I am very familiar with WPI but I did grow up in New England and received my undergrad from RPI...My current employer thinks very highly of WPI grads but we aren't hiring CS - we are much more "old school" manufacturing. To be perfectly honest I'm not sure the reputation matters as much as...
by wandering_aimlessly
Tue Mar 02, 2021 11:34 am
Forum: Personal Investments
Topic: Close to retirement - Portfolio Questions
Replies: 21
Views: 1959

Re: Close to retirement - Portfolio Questions

A number of similar circumstances between your situation and mine - though my retirement is closer (next 6 months) - so thought I would just mention a few of the items I have been thinking about through my prep. My first 10 years will also be funded by a combination of deferred income and pension (m...
by wandering_aimlessly
Thu Feb 25, 2021 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13361

Re: Best decision(s) in your financial life

Three particular items come to mind: Finding the Individual ready reserve as I left Active Duty in the Navy after 9 years...Don't believe it still works this way but I could spend 1 weekend each year taking some correspondence courses and get a year toward retirement. 11 years later I "retired&...
by wandering_aimlessly
Thu Feb 18, 2021 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: When to roll over 529 to my kids?
Replies: 16
Views: 868

Re: When to roll over 529 to my kids?

I am now on the other side of the 529 (drawdown) so if these rules have changed I would ask someone to speak up...Not sure how important it is to you to stay below the gift tax exemption (realizing that exceeding it isn't likely to cause an immediate cash tax impact) but if it is there are a few add...
by wandering_aimlessly
Mon Feb 08, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Am I nuts? About to retire early without bulletproof money.
Replies: 89
Views: 11596

Re: Am I nuts? About to retire early without bulletproof money.

Absolutely make the leap - I have higher expenses than you but am retiring later this year at 55 with a similar financial structure (an annuity type stream that covers the vast majority of expected expenses and a large bucket of savings "for whatever else"). The more important part for you...
by wandering_aimlessly
Wed Jan 20, 2021 12:45 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 203
Views: 22298

Re: Roll Call for the Retirement Class of 2021!

Hard to believe it is this time already...I'll be 55 on June 4th as I leave the workforce - both parents had health issues by 65 retirement so I always knew I would be leaving earlier. Fortunately the company gave me a job for the last year that was a perfect stepping stone to retirement- and I real...
by wandering_aimlessly
Mon Jan 04, 2021 2:30 pm
Forum: Personal Consumer Issues
Topic: Best age for "bucket list" trips with kids
Replies: 40
Views: 2921

Re: Best age for "bucket list" trips with kids

Fascinating variation in locations and ages, even what constitutes "bucket list" varies significantly - Bogle heads are such a diverse group. I guess my takeaway is to know yourself and your kids and adjust accordingly. For us the pre-teen trips tended to be Disney types (Cruises and World...
by wandering_aimlessly
Sun Jan 03, 2021 8:47 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25967

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

Yup - passed that milestone several years ago (not sure why that one is any more significant than any other)....still mow my own lawn, no snow here to shovel but care for my own pool (currently replacing a pump motor), and do repairs around the house (currently doing significant deck repair), gearin...
by wandering_aimlessly
Fri Jan 01, 2021 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How important is tax strategy for building wealth?
Replies: 158
Views: 11293

Re: How important is tax strategy for building wealth?

I do believe "tax awareness" has a significant impact on wealth over time...I include in this understanding and utilization (where appropriate) of all the tax credits/deferrals offered within the code. I also include awareness of all taxes (income, property, sales etc.) Always amazes me ho...
by wandering_aimlessly
Thu Dec 31, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: So what kind of raise did you guys get for 2021?
Replies: 222
Views: 16877

Re: So what kind of raise did you guys get for 2021?

Not sure what you can deduce from any single merit raise...Our company has about 10,000 salaried employees. Long term average merit increase has been about 3%/year...mid year we were thinking 2021 would be 2% but in Q4 we increased that to 2.5%. Reaction isn't happy but generally understanding. With...
by wandering_aimlessly
Wed Dec 16, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice with potentially major earnings?
Replies: 44
Views: 3467

Re: Career advice with potentially major earnings?

Marry wealthy...actually there is still considerable competition for those already wealthy - so maybe the best move is find the potentially "wealthy" and marry before they get there. My wife and I both did that 30 years ago - it worked out better for her (in this sense).
by wandering_aimlessly
Wed Dec 09, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring an executive compensation package
Replies: 24
Views: 2695

Re: Structuring an executive compensation package

+1 Seek advice from someone in the industry or a recruiter...(if you are looking at a CEO job - I would expect the company to cover this expense, still valuable for anyone else in the suite) A few notes from my experience (currently in a C job (though a junior one) reporting to the CEO in a $8B mark...
by wandering_aimlessly
Mon Nov 23, 2020 8:18 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 114
Views: 6123

Re: Are you a Boglehead?

Boglefan - yes...Boglehead (or any-head for that matter) probably not...just too much commitment
by wandering_aimlessly
Mon Nov 23, 2020 8:04 pm
Forum: Personal Investments
Topic: Recommendations from financial advisor
Replies: 63
Views: 5802

Re: Recommendations from financial advisor

Confusing complexity with diversity. A diverse portfolio doesn't need to be complex, but if you make it complex it will earn an FA a whole lot more (and make them appear indispensable)....
by wandering_aimlessly
Fri Nov 06, 2020 10:23 am
Forum: Personal Consumer Issues
Topic: What do you give your adult children at holiday time?
Replies: 175
Views: 12630

Re: What do you give your adult children at holiday time?

A piece of their inheritance (a check up to the gifting limit). And it comes with advice and recommendations on how to invest it (funny part is they actually seam to listen - or are just good actors). My kids are young adults so haven't had too many years yet of this but definitely prefer this money...
by wandering_aimlessly
Wed Oct 28, 2020 10:52 am
Forum: Personal Consumer Issues
Topic: Help...we're getting a dog!
Replies: 157
Views: 8852

Re: Help...we're getting a dog!

We were similar - no pets for many years...finally the youngest, as she approached senior year in HS, prepared a power point presentation and convinced us to get a dog. Actually foster a dog... this was a great idea. After two + weeks of getting up early, working her schedule, and some cleanup after...
by wandering_aimlessly
Sat Sep 05, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 15
Views: 2080

Re: Career Advice

Don't get too wrapped up in titles...for your past: make sure your resume is crystal clear on your duties and responsibilities - for your future: there may be very few true CFO roles in many companies. I have had divisional CFO roles in 3 separate large megacorps - stand alone divisions up to $2B re...
by wandering_aimlessly
Tue Sep 01, 2020 8:47 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12607

Re: Shopping for college

Lots of interesting information in this thread. I am in the middle of the college quagmire (first daughter is a junior in a private engineering school in NE, second is a HS senior). One interesting learning from the first was the value of the unknown. During older daughters application process I mad...
by wandering_aimlessly
Tue Aug 18, 2020 8:02 am
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 25336

Re: The 0.5% Rule (SWR)

I actually enjoy many of FS posts...not to model my retirement on, but just for the data and other information he presents. He is very articulate. He claims he makes a significant amount of money from his blog - this isn't the case for most bloggers. If this is true he has a job as a journalist, and...
by wandering_aimlessly
Mon Jul 06, 2020 1:12 pm
Forum: Personal Investments
Topic: TIAA CREF Monte Carlo Simulations
Replies: 30
Views: 1503

Re: TIAA CREF Monte Carlo Simulations

The tool is only as good as the craftsman using it...The fact your advisor knew little more about his simulations than a "black box" should tell you all you need to know...
by wandering_aimlessly
Wed Jun 17, 2020 8:10 pm
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 11852

Re: Larry beats the S&P 500.

Definitely feels like the S&P 500 isn't the best benchmark - but someone more familiar with the risk profile could comment better. It seems like a comparison to a more risk adjusted benchmark looks like the out performance is smaller and concentrated in the last 3-5 years. Out performance for th...
by wandering_aimlessly
Wed Apr 22, 2020 12:27 pm
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 4021

Re: Retirees: Walk me thru your portfolio drawdown process

I am mid-50s and expect to be retiring within the year (wife works very part time - mostly just to maintain professional skills). Good to hear others approaches to retirement finances...my early stage of retirement is different as I have deferred a significant portion of my salary/bonus over the las...
by wandering_aimlessly
Wed Apr 22, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: How much to tip on DoorDash?
Replies: 60
Views: 5277

Re: How much to tip on DoorDash?

I don't use delivery services (mostly because getting out to pick up a meal is a nice break these days). I tip about $10 for curbside for 3 or 4 people - though I must say the quality of food and service coming from many establishments is rather subpar. Few of the meals I have picked up have been at...
by wandering_aimlessly
Wed Mar 18, 2020 12:50 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 56940

Re: How Is Your Job Being Impacted By The Current Crisis?

Chief of Staff for Mid-Sized manufacturer ($5B annual revenue)

Who knows for my job, through I am not co-located with one of my principles so no travel is an issue...

Overall we are fighting like crazy not to have layoffs and just extend leave - folks will remember how employers act in this crisis
by wandering_aimlessly
Wed Mar 18, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How would you mentor STEM college students/grads?
Replies: 15
Views: 880

Re: How would you mentor STEM college students/grads?

Great idea - though you may need to do it off site and/or off time. Some companies get nervous about folks offering anything that might be considered "professional" advice either on their time or premises... That said if you do get to do something remember you may need to start with basic ...
by wandering_aimlessly
Fri Feb 28, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: Stocks are Not on Sale
Replies: 30
Views: 3755

Re: Stocks are Not on Sale

It appears to depend on how the term sale is used: So I go to buy a shirt and see it is $50. The store decides they want to sell more of these shirts and decide $30 is a better market price for it. I come back the next day and see the $30 price - is the shirt on sale?
by wandering_aimlessly
Fri Sep 13, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Accountant Salary Growth
Replies: 35
Views: 5069

Re: Accountant Salary Growth

While not a CPA I have been a divisional CFO for manufacturers for the last 13 years (recently moving "out" of finance toward M&A) and have hired plenty of CPAs. Prior to divisional CFO roles I had a number of finance jobs of increasing responsibility in large manufacturers after obtai...
by wandering_aimlessly
Wed Sep 04, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3653

Re: How often do you receive out-of-sequence pay bumps?

Over the last 25 or so years (3 employers) these happened under two distinct circumstances: Promotion - Generally smaller if promoted within the same company - they have guidelines that have to be followed. Bigger bumps if promoted between companies. Keep in mind the bump may be in base salary, annu...
by wandering_aimlessly
Wed Sep 04, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Requesting some general life advice (career, living location, etc.).
Replies: 23
Views: 2465

Re: Requesting some general life advice (career, living location, etc.).

It seems you have put a pretty strong box around your requirements (due to wife's job, your commute, family, desire for area liveliness etc.) - this doesn't sound like a discussion about moving to LCOL region or area far from family. Have you taken the time to thoroughly visit the area in the box? S...
by wandering_aimlessly
Wed Sep 04, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 127
Views: 12360

Re: Paying off mortgage early - am I thinking about this right?

whodidntante wrote: Tue Sep 03, 2019 12:17 pm We are going to figure out the correct answer to this question someday, I just know it. :happy
Gosh I hope not...that would mean we have all lost our individuality and are now using some universal formula to make decisions...too high a price to pay to just all think the same.
by wandering_aimlessly
Wed Jun 05, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 62093

Re: What is/ was your career and would you recommend it now?

Trained (BS) as a mechanical engineer, served as Navy Officer/Helicopter pilot, transitioned to finance via top 5 MBA program, worked in corporation finance advancing through CFO of large division (approx $2B revenue), transitioned to corporate acquisition integration...next career will be as financ...
by wandering_aimlessly
Tue Apr 23, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 13283

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

Non-financial reasons: generally enjoy my job and find it rewarding, generally enjoy the interaction with coworkers and others work related (etc. etc.). I think the OP meant to ask " If you want to retire and FireCalc shows 100% success rate, what holds you back from retiring?" very differ...
by wandering_aimlessly
Fri Apr 05, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: Universal Orlando Trip In June 2019
Replies: 34
Views: 2495

Re: Universal Orlando Trip In June 2019

I have been both with my family (stayed offsite for about 4 days in late Dec 2017) and stayed onsite by myself about a month ago for work and had an extra day - so I went by myself. I was tremendously more efficient by myself - the early hours and express access from staying onsite allowed me to com...
by wandering_aimlessly
Tue Apr 02, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 16081

Re: Folks in their 60s and above. What early investment on health do you recommend.

@wandering_aimlessly, I don't mean to speak for @yeahman, but there is a big difference between incidental second hand smoke as part of social interactions and living with a chimney smoker for decades. The two biggest situations of second hand smoke is through living conditions and and workplaces. ...
by wandering_aimlessly
Tue Apr 02, 2019 4:57 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 16081

Re: Folks in their 60s and above. What early investment on health do you recommend.

1. Don't smoke. Don't worry about second hand smoke. It may smell bad but it won't kill you. Be careful on this one...My father smoked and had 3 rounds of non life threatening cancer (skin and other) - eventually killed by dementia at age 82. Mother never smoked and ferociously defended his never s...
by wandering_aimlessly
Fri Mar 29, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17986

Re: How often do you check your net worth?

In total every six months to a year...individual accounts as they are impacted by significant changes (vesting of performance shares, SARS, restricted stock, or receipt of deferred compensation bonus, etc.) primarily just to make sure they got recorded correctly. Can be a pain to wait until tax time...
by wandering_aimlessly
Wed Mar 27, 2019 6:59 pm
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 11607

Re: Ready to FIRE (But Vultures Be Circling)

Congrats - lots of good advice above and you are in excellent shape to handle $100k/year expense rate (or something similar). The bigger question is what do you want to do for the rest of your life? From the age information given you are 1/3 to 1/2 of the way through your life and probably worked fo...
by wandering_aimlessly
Tue Feb 26, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9862

Re: How often do you and your friends change engine oil?

Change???? Oil???

What would I possibly change it into?

I think everyone else has covered every possible frequency and it has been a long day....
by wandering_aimlessly
Wed Feb 20, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 8285

Re: High earners: thoughts on college and aid

A few years of hitting the back nine of six figure salary and a net worth about 10x has left us with no real chance of any need based contribution (a real first world problem I know). Interestingly as the first daughter went off to school I realized the merit allowances given by the schools were the...
by wandering_aimlessly
Tue Feb 19, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: How Much Home Value Added by Finishing Basement?
Replies: 35
Views: 3165

Re: How Much Home Value Added by Finishing Basement?

In my experience a finished basement's value is extremely location (and design) specific. In my experience with 5 different houses from Arizona to Florida to Connecticut they are viewed very differently. If a usable basement is not common, well finished and has its own access (walkout and extensive ...
by wandering_aimlessly
Wed Feb 06, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 12676

Re: Need Help - DW Laid Off and Company wants her back now

Before she figures out the financial piece she might want to figure out other details (especially if she is interested in returning). I basically agree with the "I would let them put the financial stake in the ground approach" that was mentioned earlier...you're still guessing at a lot in ...
by wandering_aimlessly
Mon Jan 28, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Career Decision - Asking for help.
Replies: 30
Views: 3147

Re: Career Decision - Asking for help.

I would recommend against making this a compensation question...from your post you don't sound real enthralled with your current opportunity, no compensation level will fix that - it will only make you feel more trapped. I would start now looking at what others are offering, it is surprisingly hard ...
by wandering_aimlessly
Wed Aug 08, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 18030

Re: Will you pay for your kids' college/graduate education?

Will pay for both daughters undergraduates (starting with the first this fall) - we will see about graduate, it looks like I may have substantially more in 529s than is needed for undergrad. First one is going private but cost is actually not to much higher than public...we live in a LCOL state wher...
by wandering_aimlessly
Thu May 17, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 2115

Re: 2018 Yellowstone Trip advice needed

As with others, most of us can only comment on what we have done before and hope something in it is helpful... My family and I (2 adults, 2 kids) did a north to south trip through Yellowstone a couple of years ago - my biggest learnings: For us it was worth a small premium to connect beyond Salt Lak...
by wandering_aimlessly
Fri May 11, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 10356

Re: Money vs. Work-life balance

Not sure how you are judging the "financial health" of your megacorp. I have been in several publicly traded megacorp finance orgs for over 20 years and if you tried to judge the finance situation by the number of times management has taken actions (RIFs or others) to reduce costs you woul...
by wandering_aimlessly
Tue May 08, 2018 3:09 pm
Forum: Personal Investments
Topic: South Carolina 529
Replies: 1
Views: 242

South Carolina 529

Hoping there may be a South Carolina 529 expert on here (or someone with experience)... The SC 529 allows contributions from residents to be state tax deductible with no limit - though I suspect you could have to use the 5 year gift exemption to really take advantage of this over a short time. And S...
by wandering_aimlessly
Tue Mar 20, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 5592

Re: Home equity as part of retirement plan

I think this is asking whether your home equity is included in assets you expect to be able to live off of in retirement? Clearly from the larger perspective home equity needs to be considered in a retirement plan - if it is paid off your expenses are likely considerably lower, if not, any equity yo...