Search found 40 matches

by BogleWogle
Mon Feb 15, 2021 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now (45 yrs old) or keep working for the kids?
Replies: 67
Views: 5868

Re: Retire now (45 yrs old) or keep working for the kids?

I’d say go for it & retire now. Enjoy the time with the kids while they’re still under your roof. You’re (more than) financially secure with a less than 2% withdrawal rate planned. The only thing you can’t make more of is time, spending it with the focus on family and yourself couldn’t be more a...
by BogleWogle
Sun Feb 07, 2021 8:57 pm
Forum: Personal Investments
Topic: Strange Meeting with Fidelity Consultant - Private Debt?
Replies: 7
Views: 1390

Re: Strange Meeting with Fidelity Consultant - Private Debt?

Seems like an odd referral.

The logical FC objective there would normally (should?) have been asset retention via the rollover... More surprising they didn’t push for consolidation to Fidelity.

I’d wager the FC is in the process or trying to move to the company they referred you to.
by BogleWogle
Sun Jan 31, 2021 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying marathon
Replies: 43
Views: 4787

Re: Home buying marathon

+1 to HomeStretch’s comment about waiting until after you’re married. A lot can change and your needs will evolve. The hassle of moving is only amplified when you own and not rent so those bad neighbors will be harder to escape. Just an anecdote & I’ll spare you most the details, but I’m a homeo...
by BogleWogle
Tue Dec 29, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to leave my job at 39?
Replies: 41
Views: 5213

Re: Can I afford to leave my job at 39?

To answer the question of what would I do in your situation:

1. Figure out a plan for health insurance
2. Retire shortly thereafter

Cheers!
by BogleWogle
Sun Nov 29, 2020 8:51 pm
Forum: Personal Consumer Issues
Topic: Fitness Rowers: Hydrow vs Concept 2
Replies: 34
Views: 2480

Re: Fitness Rowers: Hydrow vs Concept 2

Another vote for the Concept 2 rower.

1.5 million meters and counting on mine with zero issues.
by BogleWogle
Fri Oct 23, 2020 6:38 pm
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2559

Re: Stationary Indoor Bikes

I have a Schwinn IC3 and have had it for about a year. I bought so I could do cardio in my loving room without creating too much noise. Works perfect for my needs. I have a rower as well but that creates much more noise due to the fan which is less than ideal for early morning or late evening cardi...
by BogleWogle
Thu Oct 22, 2020 8:12 pm
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2559

Re: Stationary Indoor Bikes

I have a Schwinn IC3 and have had it for about a year. I bought so I could do cardio in my loving room without creating too much noise. Works perfect for my needs. I have a rower as well but that creates much more noise due to the fan which is less than ideal for early morning or late evening cardio...
by BogleWogle
Tue Jun 23, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Made a horrible decision with regards to car. need guidance
Replies: 60
Views: 6383

Re: Made a horrible decision with regards to car. need guidance

Another vote for just keeping it & enjoying it.

Don’t beat yourself up, seems like you got it at a reasonable price if it’s any consolation.
by BogleWogle
Tue Jun 02, 2020 12:22 pm
Forum: Personal Investments
Topic: Mortgage prepayments
Replies: 26
Views: 1705

Re: Mortgage prepayments

I’d pay it down/off as cash flow/taxable savings allows personally. I did just that 7 years into a 30 year at 3.625% as I could not find a 10-15 year refi rate that was much better and the fees where eye opening. Not sure if it was the lower loan balance (150k) or locality (South Florida) but I coul...
by BogleWogle
Tue May 26, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 8161

Re: Examples of why NOT to hold individual stocks

Here's a classic from 2014. This is the company that was making sapphire screens for the upcoming iPhones. "But iPhones don't have sapphire screens!" No they do not. I remember reading this disaster as it unfolded in real time. GT Advanced Technologies +1 on GTAT I actually owned this one...
by BogleWogle
Wed Jan 08, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do you mentally process stupid ways of losing money?
Replies: 84
Views: 7771

Re: How do you mentally process stupid ways of losing money?

A couple of quotes that come to mind on this topic... apply to all losses 1. Don’t waste today, hoping for a better yesterday 2. Serenity Prayer: Grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference If you can’t cha...
by BogleWogle
Tue Dec 31, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11461

Re: How much were you able to save this year?

Savings: 57% (401K, HSA, Backdoor Roth, Taxable)
Taxes: 24% (Payroll & Real Estate)
Spending: 19%
by BogleWogle
Sat Dec 28, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12603

Re: How do you spend $$ on yourself?

Same age here, similar “problem” (this is a 1st world problem if there ever was one haha) My plan for 2020 is to shift to a fixed savings target vs a save as much as I can approach. 2020 Budget is 1/3 savings, 1/3 taxes, 1/3 spending (this has been posted by a few members and I like the simplicity o...
by BogleWogle
Tue Dec 24, 2019 6:09 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 73
Views: 12215

Re: Home backup generator experiences

I have not read all the responses but I will echo the sentiment of one previous poster - once you have a large propane powered generator installed, you’re likely to not need it. Example below... My father has had a propane powered generator (not sure of KW rating) to run the entire household since 2...
by BogleWogle
Sat Nov 16, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 225
Views: 15278

Re: Tax Deferred : Taxable : Tax Free

43:41:16

Including HSA in the tax free bucket

Taxable is growing the fastest and will likely dwarf the other buckets if current contribution rates continue due to annual contribution limits.
by BogleWogle
Sat Jun 15, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 211
Views: 24769

Re: How have your homes as investments done?

Not too shabby (thus far) 2013 purchased at $227K 2019 Zillow has it estimated at $370K South Florida was not a fun market for a first time home buyer when I purchased (outbid by cash buyers, 1 didn’t appraise, etc) but it worked out. Somewhat regret not figuring out how to make the 1 that didn’t ap...
by BogleWogle
Sun Mar 17, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9391

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

My wife an I recently celebrated crossing $1mm in investments for the first time. While I enjoyed a steak and was thrilled at this Boglehead milestone, she simply asked - don't you think we can afford a minivan now? :D Surprise her with it! Or go to the dealership together unannounced... well deser...
by BogleWogle
Fri Feb 15, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 37651

Re: [2018 tax return - How does it compare to previous years?]

Fed Tax rate 2018: 17.5% Fed Tax rate 2017: 17.1% Single filer, no state tax. No longer itemizing with just a bit under $12K in deductions. Attribute higher tax rate primarily due to increased income. First year I owe the IRS, but tied to converting an IRA so I could backdoor Roth IRA contributions....
by BogleWogle
Fri Feb 08, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 4340

Re: Is the MBA degree market saturated?

MBA’s are as much about networking as they are about education, more so with the elite institutions mentioned previously in this thread. To the OP’s point, I know many MBA grads that went straight through after undergraduate school or little working experience and from an outside perspective, they’v...
by BogleWogle
Wed Feb 06, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Sales Tax Deduction for 2015 and 2016
Replies: 2
Views: 206

Re: TurboTax Sales Tax Deduction for 2015 and 2016

Yes, I recieved the same e-mail.

It was a miss on TurboTax’s part, in my opinion, that users were not prompted to claim this deduction while filing originally. I think TurboTax realizes this in hindsight and why they sent the email to users.
by BogleWogle
Tue Feb 05, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 10308

Re: Chase credit card dispute - denied

If the recent info from Avis doesn’t resolve the issue with Chase, I would recommend filing a complaint with the Better Business Bureau. Easy to do online and the information in this thread seems to outline the facts clearly. I’ve gone this route a couple times (other companies than Chase though) an...
by BogleWogle
Mon Jan 21, 2019 6:48 pm
Forum: Personal Investments
Topic: Emergency Savings
Replies: 24
Views: 2668

Re: Emergency Savings

Tier 1: 1-3 Months of expenses in Checking/Savings (varies based on timing of paychecks and transfers to investment accounts) Tier 2: 3 months of expenses in Ibonds (May increase to 6-12 months in the future, haven’t decided if I want to make this a priority due to the initial 1 year holding period ...
by BogleWogle
Sun Dec 02, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4924

Re: Home Purchase Price vs. Gross Income

4.1X at time of purchase (5.5 years ago) - MCOL Current market price & earnings at time of purchase = 6.40X Current market price & current earnings = 2.25X Purchase price & current earnings would be 1.4X due to an increase in earnings. If I had this sort of metric in mind, I likely would...
by BogleWogle
Sun Sep 16, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 15121

Re: Considering Quitting Job - Seeking Advice. Would you do it?

$10.5MM/$200k=52.5 years of expenses covered by current NW I’d say you’re covered for whatever you want to pursue. The only question is how sizable of a legacy you want to leave for your 2 kids. Personally, I would cut back hours and see if it really makes a significant difference. I read your most ...
by BogleWogle
Mon Sep 03, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 7520

Re: Walmart is not Amazon

Another favorable experience with WalMart (Jet too for that matter, pre and post buyout). As the post prior stated, I usually shop on price and most things I can find for less on WalMart’s site. Never had anything to complain about but as another poster mentioned, I have scratched my head a few time...
by BogleWogle
Thu Aug 30, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Homeowners insurance - purchase online
Replies: 17
Views: 1537

Re: Homeowners insurance - purchase online

Yes, recently purchased HO through Kin insurance online and was extremely easy. Input info online, phone call with a remote agent and I had a binder the same day... hassle free

Car insurance was done online (geico). Pain free too.
by BogleWogle
Sat Jul 07, 2018 12:13 am
Forum: Personal Investments
Topic: Retirement advice for a 25 yr old
Replies: 29
Views: 2971

Re: Retirement advice for a 25 yr old

Klangfool has the best advise.... save a third, spend a third and a third is taxes.... pushing thirty and there has yet to be a succinct & better advise that I’ve heard. Keep it simple And execute at a high and you’ll succeed.
by BogleWogle
Sat Jun 09, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 6592

Re: Another home thread: 2mil / 40K in taxes

Yes you can afford it but it’s a huge leap from what you’re spending on housing today. You’ll be spending the same amount on taxes on your new home as you are on your annual rent today.

Are you happy in your current rental? If not, it might be worth it to rent a better place before taking the plunge.
by BogleWogle
Sun May 27, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 3476

Re: Rowing machine

I can afford it but I don’t want invest that much in a long term item that may it be not be a long term activity. I’m looking for more of a starter unit . If it pans out, I’d probably upgrade . Jeff Have you looked for used concept2 rowers from folks that may have bought one and it wasn't their thi...
by BogleWogle
Fri Apr 06, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 11419

Re: Permanent DINK couples - Considerations, thoughts, etc?

There are a myriad of reasons why one may choose not to have any children, but if financial reasons are the top then I presume no amount of money or planning will make the person happy. It seems like a couple reviewing their finances prior to making such a large decision as having children would be...
by BogleWogle
Sat Mar 03, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 12183

Re: How does one emotionally keep it together during market swings?

Personally, the biggest benefit of index investing is accepting market returns for what they were, are & will be. If you are confident in the fact that index investing is the right strategy, it becomes a matter of determining asset allocation and rebalancing bands. Beyond that, it’s a matter of ...
by BogleWogle
Sat Feb 10, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: Borrow vs Pay Cash
Replies: 24
Views: 2499

Re: Borrow vs Pay Cash

Paying cash makes it sting more vs financing. This typically helps one stick to a budget.

I did however finance at 1.9%, as others have pointed out there are risk-free investments that have higher yields currently.
by BogleWogle
Sat Dec 23, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5857

Re: Bitcoin: food for thought

Just because you invested in Bitcoin many years ago doesn't mean you'd have made any money. I thought about buying $1K of Bitcoin back then and I even made an account with MtGox, but then I chickened out. Feel free to read about what happened to MtGox https://en.wikipedia.org/wiki/Mt._Gox if you di...
by BogleWogle
Sun Dec 10, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 14453

Re: 2018 financial goals - what are yours?

1. Max 401K 2. Max Roth IRA 3. Max HSA (new for 2018 8-) as it’s the first year my employer has offered a HDHP) 4. Pay off Car Loan (I’ve been waffling on this due to the low rate) 5. Continue to save excess in Taxable Number 4 was a late 2017 addition to the list and after making progress on the go...
by BogleWogle
Sun Dec 10, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 16552

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Many great contributions thus far, Sandtrap’s list is excellent. I also couldn’t agree more about the importance of planning as well as being both accepting and flexible when those plans change. If you’re looking for a good read to help you along your journey, there’s many great recommendations in t...
by BogleWogle
Fri Dec 01, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 16880

Re: Price of haircut?

$25 ($18 + $7 tip)
by BogleWogle
Sun Nov 12, 2017 4:41 pm
Forum: Personal Investments
Topic: 9-5 and a Side Hustle that's growing
Replies: 10
Views: 2951

Re: 9-5 and a Side Hustle that's growing

Solo 401k might be an option assuming you don’t lose out on any matching from your 9-5 by reducing those contributions.

https://www.irs.gov/retirement-plans/on ... 401k-plans

Out of curiosity, what’s the side hustle?
by BogleWogle
Thu Sep 28, 2017 5:07 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 20020

Re: Why do you LBYM? Why do you save and invest?

Dottie57 wrote: Thu Sep 28, 2017 7:06 am My grandfather died in 1987 at age 90. He worked as a janitor and a ham packing factory. Yet He left 250k in Cd's.

I learned from grandpa and also inherited his saving gene.
Similar story here... maybe LBYM is genetic :happy
by BogleWogle
Thu Sep 28, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 9293

Re: I am in the investment advice industry and I'm not sure if I provide any value

+1 to Meg77's point on the value add as a buffer between an investor and their decision making. I think we can all agree on the value of staying the course. A financial advisor that can both help establish that course and help a client STAY on that course is well worth the 1% AUM fee for many indivi...
by BogleWogle
Tue Sep 26, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Unbelievable AT & T
Replies: 29
Views: 4413

Re: Unbelievable AT & T

For all those with conflicting responses from service representatives, particularly with prorated billing, my advice is to file a complaint with the BBB and make your case. That was the only way my issue was resolved (to include the late fee I was charged after being told to expect a revised bill, a...