Search found 3631 matches

by megabad
Tue Mar 16, 2021 6:23 am
Forum: Personal Investments
Topic: Invest in market or hold cash?
Replies: 22
Views: 2840

Re: Invest in market or hold cash?

What if future job options (should something happen to ours) pay us significantly less than what we make now? I will let the others address your market timing leanings, but i wanted to make sure you have level set your expectations on this front. How much less do you expect to make? Currently you c...
by megabad
Tue Mar 16, 2021 6:12 am
Forum: Personal Investments
Topic: Inherited IRA's
Replies: 20
Views: 2114

Re: Inherited IRA's

I don’t think there is going to be one single answer here. Silly question. Why does it matter? Functionally what is the difference if they say you have an account or they don’t? You are going to transfer the money anyway, right? Seems like it is just procedural.
by megabad
Tue Mar 16, 2021 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I open an account with a bank having a local branch?
Replies: 69
Views: 3753

Re: Should I open an account with a bank having a local branch?

, it appears that one cannot really rely on credit union for a MSG (likely depends upon the manager/branch a lot). Even if they offer now, they may not offer it when I need it in the future. This has definitely reduced the appeal of opening a second bank account at a CU, especially since I am happy...
by megabad
Tue Mar 16, 2021 5:45 am
Forum: Personal Finance (Not Investing)
Topic: How much income would justify paying $2500 for a finance planner?
Replies: 58
Views: 5817

Re: How much income would justify paying $2500 for a finance planner?

I would say that $280 per hour sounds reasonable in a relative sense. Since these services are typically not efficiently priced, hourly rates are seemingly overly high everywhere I have seen (it is hard to find many that charge this way). I have certainly been quoted far more (~$500 per hour). I can...
by megabad
Tue Mar 16, 2021 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance?
Replies: 39
Views: 2241

Re: Cash out refinance?

vkat wrote: Mon Mar 15, 2021 8:07 pm.
I plan on putting the 50k back into the new loan to get the reduced rate and same term.
Wait, then why not just refinance? I guess I don’t understand what you need the cash out for? Am I missing something?
by megabad
Tue Mar 16, 2021 5:22 am
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Afford to Spend on Home Improvements?
Replies: 8
Views: 1018

Re: How Much Can I Afford to Spend on Home Improvements?

If you were in my situation how much would you be comfortable spending on a garage expansion? $1 million. Or so. Honest answer. If your expenses are right, you live pretty frugally. I don’t know, maybe you are off on your expenses since you are early in retirement but the number I would feel comfor...
by megabad
Mon Mar 15, 2021 4:18 pm
Forum: Personal Consumer Issues
Topic: What did you successfully downshift to?
Replies: 65
Views: 7498

Re: What did you successfully downshift to?

I know several former coworkers who retired after 1999/2000 and became high school teachers. Out of curiosity, are they still doing this? They happy? A couple that I kept in touch are now retired. They found it quite enjoyable, less office politics since it's a job they know they can walk away and ...
by megabad
Mon Mar 15, 2021 4:16 pm
Forum: Personal Consumer Issues
Topic: Tesla for people that keep cars a long time
Replies: 150
Views: 12076

Re: Tesla for people that keep cars a long time

My question is is a Tesla a bad car to do this with? Can you clarify your question? I have good reason to believe a Tesla will last 10-12 years if that is your question. Software updates seem mostly extraneous to basic car operation so I don’t see that as being an issue with longevity. The battery ...
by megabad
Mon Mar 15, 2021 4:00 pm
Forum: Personal Investments
Topic: Time for TIPS?
Replies: 11
Views: 827

Re: Time for TIPS?

If your primary reason for switching to TIPS is a higher return over the last few years, than I’m not sure that is a great reason. A better reason for me might be—because your IPS says that you should so this at your current age. The addition of TIPS at advanced age is common in investment policy st...
by megabad
Mon Mar 15, 2021 3:27 pm
Forum: Personal Consumer Issues
Topic: What did you successfully downshift to?
Replies: 65
Views: 7498

Re: What did you successfully downshift to?

jarjarM wrote: Mon Mar 15, 2021 1:42 pm I know several former coworkers who retired after 1999/2000 and became high school teachers.

Out of curiosity, are they still doing this? They happy?
by megabad
Mon Mar 15, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Preparing for a Winter Trip
Replies: 6
Views: 536

Re: Preparing for a Winter Trip

I generally just use a heavy SUV or weighted truck with 4wd and good snow tires. No chains anymore (unless I was running normal road tires or only had RWD). A bunch of places it is against the law to run chains anyway so you would have to keep changing them which stinks in the cold. Just take a good...
by megabad
Mon Mar 15, 2021 3:07 pm
Forum: Personal Investments
Topic: Fidelity re Stimulus, inflation, and you
Replies: 6
Views: 959

Re: Fidelity re Stimulus, inflation, and you

dual wrote: Mon Mar 15, 2021 3:05 pm What are good ways to invest in the securities that they recommend?
Cheaply.
by megabad
Mon Mar 15, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: Electric shaver
Replies: 33
Views: 2414

Re: Electric shaver

Can someone tell me, in a general way, what's the difference between a $50 shaver and a $120 shaver? What things are made differently, higher quality, etc.? For someone with not much hair to cut, no difference. I just bought a nephew a cheapo Remington and he has no issues. For someone like me that...
by megabad
Tue Mar 02, 2021 10:42 pm
Forum: Personal Consumer Issues
Topic: Best healthy meal delivery service
Replies: 29
Views: 3068

Re: Best healthy meal delivery service

As a crazy busy two career household, with two young kids (and parents) who are also highly competitive athletes, there is no way this would save time for us. What does save time (and A TON of money) is preparing meals in large batches at one time. Grocery shopping takes time, but how is this any m...
by megabad
Tue Mar 02, 2021 7:39 am
Forum: Personal Consumer Issues
Topic: Car suggestion for 70+ year-old mom
Replies: 160
Views: 9028

Re: Car suggestion for 70+ year-old mom

her list is now: Buick Encore GX, AWD Essence trim Subaru Forester limited trim Subaru Crosstrek limited trim I think the extra $3K the Forester costs would be worth it for her to have push button parking break, the trunk that opens and closes with the touch of a button, and the better visibility (...
by megabad
Tue Mar 02, 2021 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Putting more than 20% down on a home?
Replies: 38
Views: 3729

Re: Putting more than 20% down on a home?

Agree with others. I have sold a number of houses, and have never once been told about buyers down payment (unless 100% cash offer). It would also have no bearing on me selecting the winning offer as a seller if I knew someone was putting 30% as opposed to 20%. I would just do what is right for you ...
by megabad
Tue Mar 02, 2021 6:15 am
Forum: Investing - Theory, News & General
Topic: Dr. Phil DeMuth will be our next "Bogleheads on Investing" podcast guest and we'll talk taxes!
Replies: 16
Views: 1985

Re: Dr. Phil DeMuth will be our next "Bogleheads on Investing" podcast guest and we'll talk taxes!

How does the growing popularity of FIRE change the discussion about taxes?

You can make that question more specific if desired with respect to ACA, Roth conversions, and some of the other taxes you mentioned etc. I just never know how open ended questions need to be.
by megabad
Tue Mar 02, 2021 6:02 am
Forum: Personal Consumer Issues
Topic: Best healthy meal delivery service
Replies: 29
Views: 3068

Re: Best healthy meal delivery service

If your talking about a place like Hello Fresh that packages up and sends meals to be home delivered, the packaging and the shipping alone would not even be a night and day comparison. From the Hellow Fresh site, they claim: "No waste. It’s easy being green with our pre-measured ingredients an...
by megabad
Tue Mar 02, 2021 5:45 am
Forum: Personal Investments
Topic: 28 & 29 Year Old Looking for Investment Advice
Replies: 26
Views: 2371

Re: 28 & 29 Year Old Looking for Investment Advice

So you think a target date would still be my best bet? I just feel like the glide path gets a little too conservative too early. The target date funds are simple and small allocation changes shouldn’t matter much. The savings on going from 0.7 ER to 0.15 I think will be vastly more important than g...
by megabad
Tue Mar 02, 2021 5:37 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13282

Re: Thoughts on 5% SWR

It's easy to get very rigid about this sort of thing but even the people who did the Trinity study or Bengen himself never suggested that the SWR results were meant to be some sort of inflexible rule. Simply guidelines for planning purposes. I agree in reality but the word “safe” has a limit for an...
by megabad
Sun Feb 28, 2021 3:25 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13282

Re: Thoughts on 5% SWR

The bottom line is 5% is perfectly fine to use as a SWR when starting out. More than fine. If there's a huge market crash early on in retirement, be prepared to cut your spending back by 10, 15, or 20%. Or if we hit a prolonged period of high inflation. Totally agree everything in your post except ...
by megabad
Sun Feb 28, 2021 3:19 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13282

Re: Thoughts on 5% SWR

What are YOUR chances of outliving the portfolio? You have a fair point, but this could be a valid consideration of any decision you make in your life. It just isn’t something that can be accounted for in an exact sense. The SWR is not an exact method, in practice no one will likely ever use it exa...
by megabad
Sun Feb 28, 2021 3:09 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13282

Re: Thoughts on 5% SWR

Can you really reduce your risk to 0-1% failure? I don’t think there’s a lot you can do to prevent those bottom 1-2% scenarios from causing ruin. They could be worse then the prior bottom scenarios. Your probably much more likely to die before running out of money. I say that just because you parti...
by megabad
Sun Feb 28, 2021 2:53 pm
Forum: Personal Investments
Topic: 28 & 29 Year Old Looking for Investment Advice
Replies: 26
Views: 2371

Re: 28 & 29 Year Old Looking for Investment Advice

I would keep things simple. I would sell the taxable holdings and devote all of that to tax advantaged contributions. The 401k has excellent cheap Fidelity options, i wouldn’t bother with anything not Fidelity. I would either go 100% 500 Index or you could do something like 80% 500Index, 10% mid, 10...
by megabad
Sun Feb 28, 2021 2:32 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5% SWR
Replies: 205
Views: 13282

Re: Thoughts on 5% SWR

If you believe in “Safe Withdrawal Rate” you believe in making decisions based on past performance. If so, the data is easily available. 5% rate for a normal retiree historically results in about 20-30% failure rate at a typical allocation. 4.5% is about 10-15%. Both of these are too high for my lik...
by megabad
Sat Feb 27, 2021 9:41 am
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27509

Re: Debt is a Negative Bond - The White Coat Investor

On houses/mortgages, covered ad nauseam in maybe as many as 100's of threads here over the years. Treating a real estate property, whether or not you live in it, as 'not an asset' is not correct. Just wanted to point out that, I think the point of doing the above is simplification. A typical bogle ...
by megabad
Sat Feb 27, 2021 8:57 am
Forum: Investing - Theory, News & General
Topic: Real Estate Investing Advice
Replies: 9
Views: 1017

Re: Real Estate Investing Advice

When buying with a business partner, do you each have your own LLC and use a Joint Venture Agreement, or do you create a separate LLC that the 2 of you have equal membership in? I don’t have a “business partner” in the sense you have laid it out here, so limited experience on that front. That said,...
by megabad
Fri Feb 26, 2021 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Old (supposed) debt now with collector
Replies: 18
Views: 1762

Re: Old (supposed) debt now with collector

mattsm wrote: Fri Feb 26, 2021 1:19 am Medical debt falls off credit report after 7 years. You are basically in the clear at this point +/- a few weeks/months.
+1 I think based on my limited knowledge of the rules. I would likely not interact at all with any creditors at that age of medical debt. Definitely would not pay a dime.
by megabad
Fri Feb 26, 2021 4:38 am
Forum: Personal Finance (Not Investing)
Topic: Can I safely quit? Should I quit?
Replies: 51
Views: 6239

Re: Can I safely quit? Should I quit?

You can retire if you want, but I would be honest with yourself. You have a “get it done” attitude and have successful sold another side business, you are not actually going to “retire” at 40 in my opinion. You just aren’t the type my friend. So start planning what that next move looks like.
by megabad
Fri Feb 26, 2021 4:27 am
Forum: Personal Investments
Topic: Looking for guidance at age 58 and under invested
Replies: 16
Views: 1928

Re: Looking for guidance at age 58 and under invested

If I am honest, I would delay the condo personally. I don’t think locking in a large fixed expense right now would be a comfortable thing in your situation. I think you might need so more time and freedom to evaluate expenses and your retirement plans. Looks like your expenses are going to be 200k p...
by megabad
Fri Feb 26, 2021 4:10 am
Forum: Investing - Theory, News & General
Topic: is my understanding of tax loss harvesting correct?
Replies: 66
Views: 3611

Re: is my understanding of tax loss harvesting correct?

I read a Deep Dive on TLH and the TLDR summary was that in theory it could amount to ~.15% extra returns with optimal assumptions. I've personally never taken advantage of it. I may in the future, but it's not some enormous benefit that some make it out to be. This calculation of “extra return” rea...
by megabad
Fri Feb 26, 2021 3:45 am
Forum: Personal Investments
Topic: Dream garage/workshop, or college savings?
Replies: 43
Views: 3502

Re: Dream garage/workshop, or college savings?

This is just a one time expense right? So what is the dilemma here? Can’t you just put funds into the 529 next year? You have 10-15 years until kids go to college. I assume you are still contributing to the retirement accounts as well.
by megabad
Fri Feb 26, 2021 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase, Budget, and Upcoming Retirement
Replies: 13
Views: 1296

Re: Home Purchase, Budget, and Upcoming Retirement

Tracker968 wrote: Thu Feb 25, 2021 11:52 pm How can your federal income tax be only $390 with an income of $140k?
Not OP, but I am assuming with credits/deductions. Absent credits, The actual tax liability is 10k or so if I had to guess. Child tax credits would bring it down by half or so. Could be a typo though?
by megabad
Fri Feb 26, 2021 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 11050

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

if LTT yields keep going up, it'll make more sense to put the extra money into bonds instead. This is one of the more reasonable comparisons in this thread. These other posts always perplex me because nearly everyone in them proclaims that stock market returns are far higher than the mortgage rate ...
by megabad
Fri Feb 26, 2021 3:05 am
Forum: Personal Investments
Topic: Locking in gains but want to stay invested?
Replies: 10
Views: 1839

Re: Locking in gains but want to stay invested?

I think lakpr has provided a concise answer. Offsetting long term capital gains with losses is normally one of the least efficient ways to tax loss harvest (absent bracket changes) but it can be done if that is what you want. As lakpr pointed out, it would increase the benefit in most situations if ...
by megabad
Thu Feb 25, 2021 4:18 pm
Forum: Personal Investments
Topic: Locking in gains but want to stay invested?
Replies: 10
Views: 1839

Re: Locking in gains but want to stay invested?

Can I ask the first, probably stupid, question? Why do you want to harvest gains? Do you anticipate being in a higher capital gains tax bracket later?
by megabad
Thu Feb 25, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Equitably dividing estate when a pension is involved
Replies: 36
Views: 1329

Re: Equitably dividing estate when a pension is involved

I just reran the pension benefit calculator and with my wife (DOB 10/1962) for 100% joint life I get $5,510.07 per month for the remainder of your life, and upon your death, $5,510.07 per month will be paid to your beneficiary for the remainder of your beneficiary's life, if your beneficiary surviv...
by megabad
Thu Feb 25, 2021 3:53 pm
Forum: Personal Consumer Issues
Topic: Dead tree removal
Replies: 17
Views: 1369

Re: Dead tree removal

However there is a padlock on it, so I have a bolt cutter in my trunk. I am not strong enough to use it, but if there were a bunch of cars queued up trying to flee, I imagine some of the cars would contain strong guys who could. I wouldn’t be too worried if you have a reasonably sized vehicle. Unle...
by megabad
Thu Feb 25, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: Water damage in house
Replies: 15
Views: 1013

Re: Water damage in house

I am assuming there is a hole in the wall where the pipe was repaired? Or the affected area is otherwise visible? Can you see if there is mold or rot on the framing? Was there a lot of damage? Unless this was a major problem, I would maybe lean toward not filing a claim. As others have said, hiring ...
by megabad
Thu Feb 25, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase, Budget, and Upcoming Retirement
Replies: 13
Views: 1296

Re: Home Purchase, Budget, and Upcoming Retirement

Not sure I follow? Seems like you state you have a 7k surplus in retirement and then are asking if you can cover an extra 20k per year in housing costs? The 7k surplus accounts for the added housing cost. It would be a 30k surplus at current spending levels. Oops sorry misread your post with the di...
by megabad
Thu Feb 25, 2021 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Equitably dividing estate when a pension is involved
Replies: 36
Views: 1329

Re: Equitably dividing estate when a pension is involved

I think I was confused by your original post. Sounds like you are just talking about the specific scenario where spouse dies before you. In this case, I think the best answer to your question is just hope that spouse lives longer than you. If female, statistics are probably in favor of this. Then yo...
by megabad
Thu Feb 25, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Dead tree removal
Replies: 17
Views: 1369

Re: Dead tree removal

Not sure what the realtor or police/fire have to do with anything? I would just talk to the new neighbors a little while after they get settled and you get to know them. “Hey man, can you cut down those dead trees? I’m scared they’ll come down on the road and we’ll both get stuck.” Seems like a pret...
by megabad
Thu Feb 25, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Contractor Issues with Remodel
Replies: 64
Views: 3831

Re: Contractor Issues with Remodel

I’m telling you, OP, honestly, if the guy has a good reputation that he cares about, he may be willing to sit down with you and adjust his numbers. He might have just forgotten something was in his original plan. I would Just sit down and negotiate with the guy. It might go better than you think.
by megabad
Thu Feb 25, 2021 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase, Budget, and Upcoming Retirement
Replies: 13
Views: 1296

Re: Home Purchase, Budget, and Upcoming Retirement

Not sure I follow? Seems like you state you have a 7k surplus in retirement. By your own math, I guess my answer is yes. But that probably isn’t the whole story. A small change in income or expenses or the size of the mortgage could change the math.

Edit: misread post.
by megabad
Thu Feb 25, 2021 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Equitably dividing estate when a pension is involved
Replies: 36
Views: 1329

Re: Equitably dividing estate when a pension is involved

Are you 100% sure this is how the pension and beneficiaries work? Edit: I think I misread your post. Sounds like you are just talking about the specific scenario where spouse dies before you. In this case, I think the best answer to your equation is just hope that spouse lives longer than you. If f...
by megabad
Thu Feb 25, 2021 1:48 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance? Risk Tolerance?
Replies: 26
Views: 1475

Re: Trip Insurance? Risk Tolerance?

Do you mean trip (cancellation) insurance or travel health insurance? I personally don’t see much sense in buying extra travel health insurance but just my opinion. I’m not sure what the practical purpose would be unless they would let me die without it?
by megabad
Thu Feb 25, 2021 1:22 pm
Forum: Personal Investments
Topic: Should I liquidate my $300k taxable portfolio and buy Florida real estate?
Replies: 34
Views: 1723

Re: Should I liquidate my $300k taxable portfolio and buy Florida real estate?

You seem to emphasize diversity here so I assume you mean you are going to take a small part of your portfolio out and invest in real estate (say 10%)? If so, then I don’t see anything wrong with this. I think rental real estate is pretty simple, either the numbers work or they don’t. Remember, neve...
by megabad
Thu Feb 25, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: Contractor Issues with Remodel
Replies: 64
Views: 3831

Re: Contractor Issues with Remodel

Lol at the complicated responses. Just negotiate with the guy. Listen to his side of things and be reasonable and hopefully he will to. “Plans and specs” for a minor bathroom remodel, lol. I have never seen this ever in my entire career of owning dozens of houses and renovating dozens of bathrooms. ...
by megabad
Thu Feb 25, 2021 12:51 pm
Forum: Personal Consumer Issues
Topic: wiFi extenders
Replies: 39
Views: 2210

Re: wiFi extenders

2) use 5ghz if possible I generally use 5 GHz whenever possible, but its range is actually shorter than 2.4 GHz and thus unlikely to help OP. Also, while almost all phones and computers support the 5 GHz band, many printers do not. This makes sense, but I find that the traffic in some locations is ...
by megabad
Thu Feb 25, 2021 10:00 am
Forum: Personal Consumer Issues
Topic: wiFi extenders
Replies: 39
Views: 2210

Re: wiFi extenders

Yeah I basically agree with other posters saying adjust the routers first. 1) change broadcast to a channel with less interference 2) use 5ghz if possible 3) move router or devices and test different locations 4) buy a cheap $15 WiFi adapter for the computer, this will fix the problem there, the pri...