Search found 154 matches
- Mon Sep 18, 2023 12:05 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leaving inheritance to grandchildren-Will you?
- Replies: 57
- Views: 7136
Re: Leaving inheritance to grandchildren-Will you?
A six figure inheritance in your 20's can be life changing. A seven figure inheritance in your 60's sometimes won't move the needle at all. Food for thought.
- Thu Sep 14, 2023 8:58 pm
- Forum: Personal Consumer Issues
- Topic: Used luxury car recommendation
- Replies: 96
- Views: 8376
Re: Used luxury car recommendation
Let them take the luxurious Big Yellow Limo for a few weeks.
- Thu Sep 14, 2023 1:47 pm
- Forum: Personal Consumer Issues
- Topic: Sturdy Rucksack, suitable weights
- Replies: 20
- Views: 2471
Re: Sturdy Rucksack, suitable weights
A 50 lb bag of playground sand wrapped up with duct tape works very well in my Goruck bag.
- Sun Aug 13, 2023 8:55 am
- Forum: Personal Consumer Issues
- Topic: Best and Worst [automotive] Vehicle for Retirement
- Replies: 67
- Views: 5734
Re: Best and Worst Vehicle for Retirement
Stock index funds seem to be pretty good retirement vehicle!
- Fri May 12, 2023 7:20 pm
- Forum: Personal Investments
- Topic: portfolio review
- Replies: 16
- Views: 2049
Re: portfolio review
Hopefully your realtor knows more about houses than credit scores.RockRock55 wrote: ↑Fri May 12, 2023 1:01 pm
I want to pay off the student loans so bad but the advice I'm getting from the relator is not payoff anything to not affect my credit score till we close on the house.
- Wed Apr 19, 2023 8:07 pm
- Forum: Personal Consumer Issues
- Topic: Exercise planning for first year of retirement
- Replies: 71
- Views: 9306
Re: Exercise planning for first year of retirement
Find something physical you like to do. Do it consistently.
Get a copy of Younger Next Year by Crowley
Outlive, as recommended by others, is fantastic.
Get a copy of Younger Next Year by Crowley
Outlive, as recommended by others, is fantastic.
- Fri Apr 07, 2023 1:18 pm
- Forum: Personal Investments
- Topic: Leaving my Fiduciary Advisor
- Replies: 69
- Views: 8295
Re: Leaving my Fiduciary Advisor
No. You shouldn’t sell them. Your “fiduciary” made this mess. Make them fix it. Direct them to sell EVERYTHING. Then have them put it all in a two or three fund portfolio. Total stock, total bond, international if you want it. Target date would be even more simple. You’ll be fully diversified. Then fire them.
- Sun Apr 02, 2023 8:19 am
- Forum: Personal Finance (Not Investing)
- Topic: Guilt Free Spending - 20 to 35 Percent of Net?
- Replies: 155
- Views: 16603
Re: Guilt Free Spending - 20 to 35 Percent of Net?
Ramit Sethi says you can spend 20-35 percent of your take home pay on what he calls “guilt free spending” (exclusive of your fixed costs). I have a love/hate relationship with Sethi’s questionable advice currently trending towards hate. Morgan Housel’s advice seems much more sound. Sethi’s podcast reminds me of the Dr Phil show of personal finance. Who is he to teach me how to be rich? Why does my rich have to be his? Do I need to care about business class seating or better and staying in overpriced hotels or can I buy a nice pickup? Is anyone benefiting financially from Sethi’s advice besides Sethi? It all seems very condescending and suited for people not comfortable in their own skin. We just took the whole family to Europe for a week o...
- Fri Mar 31, 2023 5:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: ATM use ( 0BTAINING EUROS) for Trip to ITALY
- Replies: 39
- Views: 2967
Re: ATM use ( 0BTAINING EUROS) for Trip to ITALY
Charles Schwab debit card for all ATMs. No foreign fees and reimbursement of ATM charges.
Capital One credit card for all purchases. No foreign fees.
I travel internationally for a living and this setup works great in all 1st and 2nd world countries.
Whoever told you the Italians didn't like to take credit cards was wrong. Have a fantastic trip!
Easy.
Capital One credit card for all purchases. No foreign fees.
I travel internationally for a living and this setup works great in all 1st and 2nd world countries.
Whoever told you the Italians didn't like to take credit cards was wrong. Have a fantastic trip!
Easy.
- Tue Mar 21, 2023 1:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I Retire?
- Replies: 36
- Views: 5268
Re: Can I Retire?
Depends on your annual expenses and how much will be left over after the home upgrades.
- Mon Mar 20, 2023 12:42 pm
- Forum: Personal Consumer Issues
- Topic: Restaurant recommendations for Rome/Florence
- Replies: 27
- Views: 2136
Re: Restaurant recommendations for Rome/Florence
https://www.trattoriavecchiaroma.it
This place was incredible. You might want a reservation. The Cacio e Pepe pasta (a must in Rome) was outstanding. They will bring out a steaming hot portion of fresh pasta and deposit it into the center of a wheel of cheese to mix.
This place was incredible. You might want a reservation. The Cacio e Pepe pasta (a must in Rome) was outstanding. They will bring out a steaming hot portion of fresh pasta and deposit it into the center of a wheel of cheese to mix.
- Fri Feb 24, 2023 1:45 pm
- Forum: Personal Consumer Issues
- Topic: Frugal Tip: Black Tea vs Coffee -- we save around $600 per year this way.
- Replies: 248
- Views: 22287
Re: Frugal Tip: Black Tea vs Coffee -- we save around $600 per year this way.
I’d rather be broke than drink tea or instant coffee on a daily basis.
- Sun Feb 19, 2023 7:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: BH Advice on 1031 Exchanges
- Replies: 7
- Views: 790
Re: BH Advice on 1031 Exchanges
I would think you would be much better off making your second home your primary residence. Then if it has been your primary for at least two out of the least five years (you could rent for three) you could sell it and pay $0 capital gains tax.
- Thu Feb 16, 2023 2:35 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help me avoid a new car blunder! [How to purchase]
- Replies: 40
- Views: 2888
Re: Help me avoid a new car blunder! [How to purchase]
Given your financial situation it really doesn't matter whether you sell stocks or finance. If you are the original owner of the '86 then it absolutely doesn't matter because it's an excellent indicator of very conservative financial behavior. Please ignore anyone telling you to hold off. Hope you enjoy your new car.
- Thu Feb 02, 2023 8:10 am
- Forum: Personal Finance (Not Investing)
- Topic: Where to put the Grade school kids money
- Replies: 47
- Views: 4243
Re: Where to put the Grade school kids money
We did the exact same thing.Leesbro63 wrote: ↑Thu Feb 02, 2023 7:21 am I established an account with the Bank of Dad when my kids were little. Kept a spreadsheet of their hypothetical account and paid them interest as appropriate. Much easier than opening "real" accounts etc for that small amount of money. And once they had accumulated "real money" as young teens, we opened a real joint bank account and I put their accumulated amount into that.
Bank of Mom and Dad until they were 13. Paid them 10% interest and had them manage the google spreadsheet with a little help at first. They learned a lot.
At 13 we transferred it to a Fidelity Youth account.
- Tue Jan 24, 2023 12:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: How do you know if you can retire?
- Replies: 42
- Views: 4931
Re: How do you know if you can retire?
You are 55, spend $120K per year, and have $7mm saved. You are asking the wrong question.
The correct question is, "How many more Monday's do you have?" 2000? How many of them do you want to spend at work? At this point you're not going to work for the money. That's only okay if you love it.
The correct question is, "How many more Monday's do you have?" 2000? How many of them do you want to spend at work? At this point you're not going to work for the money. That's only okay if you love it.
- Tue Jan 17, 2023 5:08 am
- Forum: Personal Finance (Not Investing)
- Topic: What’s Your 2023 Budget?
- Replies: 201
- Views: 26575
Re: Thread: What’s Your 2023 Budget?
Save half.
Probably won't quite make it this year but we'll come pretty close.
Probably won't quite make it this year but we'll come pretty close.
- Sat Dec 10, 2022 8:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: When should I change the beneficiary of my 529 to my children?
- Replies: 8
- Views: 1124
Re: When should I change the beneficiary of my 529 to my children?
My understanding is that a change of beneficiary is not treated as a gift under the 529 plan. It's still your money that you are using to pay for a close family member to go to school. We intend to change the beneficiary from offspring #1 to offspring #2 if there is any leftover money in #1's 529.
- Tue Nov 29, 2022 12:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Backing out of a real estate transaction
- Replies: 63
- Views: 6486
Re: Backing out of a real estate transaction
Parties with marketable real estate for sale generally want to sell it. They don't want to be involved in time consuming lawsuits. Just tell them you're out.
While you can not predict their response it's best to let them know you're not their buyer ASAP.
While you can not predict their response it's best to let them know you're not their buyer ASAP.
- Fri Nov 18, 2022 4:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Critique my expenses and help me save money.
- Replies: 75
- Views: 7070
Re: Critique my expenses and help me save money.
Your answers on income and savings rate are quite evasive. That's fine. But, because of it, the best we can say is that you need to cut spending or increase income until your savings increase to your target amount, whatever that hidden number is. But, if a 37% decrease in savings represents say $50,000+ dollars then no amount of spending side budgeting advice will be useful.yosemite_mountain wrote: ↑Fri Nov 18, 2022 1:23 pm
- I have a target amount I save each year; this amount is down 37% this year, which is why I'm not meeting my savings target.
- Fri Nov 18, 2022 7:39 am
- Forum: Personal Finance (Not Investing)
- Topic: Critique my expenses and help me save money.
- Replies: 75
- Views: 7070
Re: Critique my expenses and help me save money.
Agreed. If the OP has a 50% savings rate then it really doesn't matter what they spend the rest on. Now, if it's -10% that's another story...stoptothink wrote: ↑Fri Nov 18, 2022 6:55 am
Many of those expenses seem outrageous for my family of 4 and total expenses are more than twice ours, but my opinion is pointless if they are meeting their financial/savings goals. This thread does OP no good without context.
- Fri Nov 18, 2022 4:41 am
- Forum: Personal Finance (Not Investing)
- Topic: Critique my expenses and help me save money.
- Replies: 75
- Views: 7070
Re: Critique my expenses and help me save money.
It's pretty hard to, "help you save money" without an idea of income or savings rate. They are the two sides of the savings coin.
You spend a lot of money on your face, hair and household supplies which are mostly just additional toiletries. But, those expenses may be fine based on what's important to you. Or not.
You spend a lot of money on your face, hair and household supplies which are mostly just additional toiletries. But, those expenses may be fine based on what's important to you. Or not.
- Sat Nov 12, 2022 7:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: How to stop comparison / fomo
- Replies: 105
- Views: 10656
Re: How to stop comparison / fomo
I have an acquaintance who put a bunch of money in NVAX stock at the beginning of the pandemic. He encouraged me to do it but I passed because it’s not part of my investment plan and well beyond my risk tolerance. At one point he was up well over $1MM. He let me know about it daily when the stock was way up. He hasn’t mentioned it at all in the last year now that it has cratered.
- Tue Nov 01, 2022 7:04 pm
- Forum: Personal Investments
- Topic: Advice for 17 &19 year old sons - 2 Fund Portfolio vs 2065 Target Fund
- Replies: 15
- Views: 1333
Re: Advice for 17 &19 year old sons - 2 Fund Portfolio vs 2065 Target Fund
We ran similar a investment education for our kids. Taught them about stocks. After three years of researching, buying, selling, and learning, we made less than VTSAX, which was exactly as expected.
When our oldest got to the point of starting a Roth IRA (18 years old) she went with the equivalent of VTSAX over at Schwab. At such a young age there really is no reason to pay the higher expense ratios for a Target Date fund.
When our oldest got to the point of starting a Roth IRA (18 years old) she went with the equivalent of VTSAX over at Schwab. At such a young age there really is no reason to pay the higher expense ratios for a Target Date fund.
- Sat Oct 29, 2022 11:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Personal Saving Rate Definition
- Replies: 52
- Views: 4417
Re: Personal Saving Rate Definition
We look at our personal savings rate as a function of expenses instead of income.
We take what comes through our checking account and divide that by what gets transferred to and invested in our brokerage account. For example, if $100K came in and $80K was spent and the remaining $20K was invested in the brokerage account our "savings rate" would be 25% of expenses.
We realize this is a rough calculation because some expenses (like health insurance) come out before deposits hit our account. So do some savings (like 401k).
It gives us a very good idea of how well we are living within our means on an annual basis, which is our primary concern.
We take what comes through our checking account and divide that by what gets transferred to and invested in our brokerage account. For example, if $100K came in and $80K was spent and the remaining $20K was invested in the brokerage account our "savings rate" would be 25% of expenses.
We realize this is a rough calculation because some expenses (like health insurance) come out before deposits hit our account. So do some savings (like 401k).
It gives us a very good idea of how well we are living within our means on an annual basis, which is our primary concern.
- Fri Sep 02, 2022 7:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: [How to Quit My Job]
- Replies: 50
- Views: 5524
Re: [How to Quit My Job]
There must be 50 ways to leave your job
Just slip out the back, Jack
Make a new plan, Stan
You don't need to be coy, Roy...
Just slip out the back, Jack
Make a new plan, Stan
You don't need to be coy, Roy...
- Tue Aug 09, 2022 7:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: Managing A Modest Windfall - Request Feedback and Recommendations
- Replies: 18
- Views: 2367
Re: Managing A Modest Windfall - Request Feedback and Recommendations
D. This from someone who paid off the mortgage early. That's a once in a lifetime interest rate. And with current inflation you'll be paying back pennies on the inflated dollar.
- Mon Aug 01, 2022 2:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Have you ever used your emergency fund?
- Replies: 272
- Views: 29058
Re: Have you ever used your emergency fund?
We have one and we've never used it. And at 9%+ inflation, cash certainly isn't king these days. Like you, we sometimes think about ditching it.
- Wed Jul 20, 2022 3:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inheriting a Home with Brothers
- Replies: 77
- Views: 9141
Re: Inheriting a Home with Brothers
This.count damoney wrote: ↑Wed Jul 20, 2022 10:36 am If it were me and my 2 brothers, 1 of whom took care of mom, were living in the family house and they didn't have the means to buy me out of my share, I'd give up my share so they could continue to live there.
Be generous and give your broke brothers your 1/3 and just move one. Make sure you're no longer liable for anything that happens to or on the property. It's not worth your trouble or the loss of your relationship with them.
- Mon Jul 18, 2022 7:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Would you if you could?? [Reduce Work Hours]
- Replies: 66
- Views: 6250
Re: Would you if you could?? [Reduce Work Hours]
Great question.
There is, in my view, a continuum. Early in your working career you have little money and (probably) decades of time. Later you (should) have more money but you now have less time. On your last day on earth no amount of money could replace your remaining time. So what would you rather have? The time or the money?
Personally, I now sell as little of my remaining time to MegaCorp as possible while still remaining employed.
There is, in my view, a continuum. Early in your working career you have little money and (probably) decades of time. Later you (should) have more money but you now have less time. On your last day on earth no amount of money could replace your remaining time. So what would you rather have? The time or the money?
Personally, I now sell as little of my remaining time to MegaCorp as possible while still remaining employed.
- Sun May 01, 2022 1:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Justifying buying expensive 'toys'
- Replies: 88
- Views: 7814
Re: Justifying buying expensive 'toys'
How are you going to feel spending the money?
I spent $4k on a bicycle and have zero regrets. Was happy when I paid for it.
I haven't spent $4k on a watch I've been looking at because I know I'd regret it.
You have the money and it won't make any difference in how you retire or what you leave.
I spent $4k on a bicycle and have zero regrets. Was happy when I paid for it.
I haven't spent $4k on a watch I've been looking at because I know I'd regret it.
You have the money and it won't make any difference in how you retire or what you leave.
- Tue Apr 26, 2022 8:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retirement planning for my low asset, low income mother-in-law
- Replies: 57
- Views: 5263
Re: Retirement planning for my low asset, low income mother-in-law
You put more effort into your post than your MIL put into her entire retirement. Listen to your wife. Don't help people who won't help themselves.FoolMeOnce wrote: ↑Tue Apr 26, 2022 5:06 pm
9) How much should we help her?
We are young 40s, 2 kids, and have plenty of assets.
We could give her 1k/month for life and barely notice.
I feel more of a duty to help than does my wife, who is just perplexed and angry that her mom never saved in her life, especially not even after the 2019 wake-up call and starting spousal SS on top of her wage income. She says letting her mom struggle by on her retirement income will give her the kick she needs to seriously address her spending.
- Mon Apr 18, 2022 6:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leading a rich life
- Replies: 265
- Views: 37221
Re: Leading a rich life
Once my (solvent) dad and I were in his (old) car by the beach looking at the shoreline, talking lazily about whatever occurred to us (our usual topic). This huge, new, loud SUV pulled up next to us with music playing. The driver shut the engine and was on his phone nervously explaining in detail what he owed that month to various creditors and when he could pay it. It was clear that days counted and income might not arrive timely, various checks were expected but one couldn’t be sure. We listened, had to. When he pulled away and drove off we just sat there, stunned. Such stress. I guess part of financial peace lies in what you don’t need to talk about. That's a fantastic story. Sounds like your dad knew that the most important thing $ can...
- Mon Apr 18, 2022 6:29 pm
- Forum: Personal Consumer Issues
- Topic: Suggestions for trip to Ireland
- Replies: 38
- Views: 3000
Re: Suggestions for trip to Ireland
The problem with the bus tours is that you exchange time for convenience. They will drop you for 90 minutes at a tourist trap where the owner's have a deal with the bus tour company. You are literally stuck there when you ought to be out experiencing a new country. Then they get to something fantastic and stay a half hour. Want to enjoy another pint and continue visiting with those friendly locals? Too bad. Bus is leaving. At the end of a week you haven't spent any real time with the locals but have new friends from Iowa. I've done more bus tours than I care to admit. I would never do another one in a country where you can get by in English. When we did Ireland we stayed a few days in Dublin then rented a car and drove around the country (R...
- Sat Apr 16, 2022 6:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leading a rich life
- Replies: 265
- Views: 37221
Re: Leading a rich life
Stuff like this is why I quit listening. This isn't personal finance. It's a soap opera.AnnetteLouisan wrote: ↑Fri Apr 15, 2022 8:56 pm I just listened to the Sethi episode about a two-lawyer couple on their second marriages (ages 61 and 44). They are full of financial worries and job stress (at a small law firm) due to, among other things, his $70k alimony payment obligation. He doesn’t always make retirement plan contributions and he can’t sleep from the stress. Sounds atrocious.
- Wed Apr 13, 2022 7:53 pm
- Forum: Personal Investments
- Topic: Aviation Bonus & Portfolio Review
- Replies: 33
- Views: 4745
Re: Aviation Bonus & Portfolio Review
Airline guy here with no military experience. The $35K is insignificant compared to what you could make by getting a seniority number now at a major compared to 8 years from now. Not even close. They are all hiring as fast as possible right now. Be as close to the front of that train as possible and you'll have a charmed career.
- Wed Apr 13, 2022 3:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leading a rich life
- Replies: 265
- Views: 37221
Re: Leading a rich life
You and Housel would probably agree on this point.Chuckles960 wrote: ↑Wed Apr 13, 2022 2:54 pm
Money is like water---incredibly valuable if you have too little, worthless once you have enough.
I think his point is that the most valuable thing money can buy isn’t a thing.
- Wed Apr 13, 2022 2:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leading a rich life
- Replies: 265
- Views: 37221
Re: Leading a rich life
I read IWT and have listened to several of Ramit's podcasts. The podcasts weren't for me. They were the Jerry Springer of Personal Finance. The people he interviews typically have issues that go well beyond money. Money is the just the lens Ramit looks at them through. It's sensationalized to get downloads. Very little is actionable. I wanted those minutes of my life back after Ramit took them. The book (from the library) was just okay too. Yes, if you make and have more you can spend more, fair enough. Many of us here, including me, can use that reminder. And, you don't have to go into some "default" consumption mode just because that's how it was done by your parents when you were growing up. But, somehow the idea of the buying ...
- Mon Mar 28, 2022 2:53 pm
- Forum: Personal Consumer Issues
- Topic: Frugal user-friendly home printer
- Replies: 25
- Views: 2121
Re: Frugal user-friendly home printer
+1 for the Brother laser printer and 3rd party toner.
- Mon Jan 31, 2022 12:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Credit cards closed due to inactivity
- Replies: 25
- Views: 3280
Re: Credit cards closed due to inactivity
On the cards we don't use we set up a small bill like Netflix and then put the card on autopay. Learned that here. Haven't had anything closed due to inactivity in a long time.
- Mon Jan 31, 2022 6:16 am
- Forum: Personal Finance (Not Investing)
- Topic: One More Year Club [Delaying Retirement]
- Replies: 123
- Views: 17590
Re: One More Year Club [Delaying Retirement]
There's it is. As we age each dollar becomes worth less and each day becomes worth more. Everyone has a "crossover" point. On your last day how much would you pay for another one if you were relatively healthy?
- Fri Jan 28, 2022 12:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Should I let go of new accountant? Hire new or File my own taxes?
- Replies: 14
- Views: 1698
Re: Should I let go of new accountant? Hire new or File my own taxes?
W2's and 1099's are pretty easy with tax software. A lot easier than working in an ER.
- Fri Jan 28, 2022 11:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Hit 25x, fine to start withdrawing 3%?
- Replies: 81
- Views: 7029
Re: Hit 25x, fine to start withdrawing 3%?
Of all the things Bogleheads struggle with, enjoying the portfolios they've created seems to naturally top the list. We tend to be excellent at living beneath our means, investing, and calculating what we need. Not so good at actually spending it once we have it. Why did we work so hard in the first place if we're not willing to implement and enjoy the last part of the plan?
- Sat Jan 22, 2022 5:37 am
- Forum: Personal Investments
- Topic: Brokerage account for kids - what type of funds are ideal?
- Replies: 32
- Views: 2606
Re: Brokerage account for kids - what type of funds are ideal?
We did something similar and let the kids choose individual stocks. We then tracked them over about two years. We met regularly and discussed investing topics and index funds. After two years they learned that thad they just put it all in a Schwab Total Market Index Fund they would have had more money overall for a lot less effort and wouldn't have had to sit through all our financial meetings and me talking! It was a great education on investing.
So, if you have an account at Schwab look at SWTSX. At Fidelity, FSKAX. At Vanguard VTI will get you to get the ETF and avoid account minimums.
So, if you have an account at Schwab look at SWTSX. At Fidelity, FSKAX. At Vanguard VTI will get you to get the ETF and avoid account minimums.
- Sat Jan 08, 2022 4:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: 36yo Fam of 5 - Debating a pool? How are we doing?
- Replies: 50
- Views: 14407
Re: 36yo Fam of 5 - Debating a pool? How are we doing?
You can afford it and you're doing very well.
That said I wouldn't do it. Not in PA. Season is way too short. We live in So Fl, have a pool, and enjoy it. Wouldn't have one in PA though. Not worth the trouble and expense. And the price seems high. Really high.
That said I wouldn't do it. Not in PA. Season is way too short. We live in So Fl, have a pool, and enjoy it. Wouldn't have one in PA though. Not worth the trouble and expense. And the price seems high. Really high.
- Thu Dec 30, 2021 11:06 am
- Forum: Personal Finance (Not Investing)
- Topic: My early retirement goalpost keeps doubling
- Replies: 101
- Views: 16099
Re: My early retirement goalpost keeps doubling
Three items come into play on retirement goalposts:
1. How many more mornings do you think you'll wake up and what do you want to do with them?
2. How much do you want to spend each year?
3. Have you saved about 25X yearly expenses?
If you don't think you have many days left no amount of money is worth working for. If you have modest desires the goalpost can be much smaller. If you make and invest a ton of money you can retire earlier and/or to a higher standard of living. The "goal post" is really like a three legged stool; days vs dollars vs desires.
1. How many more mornings do you think you'll wake up and what do you want to do with them?
2. How much do you want to spend each year?
3. Have you saved about 25X yearly expenses?
If you don't think you have many days left no amount of money is worth working for. If you have modest desires the goalpost can be much smaller. If you make and invest a ton of money you can retire earlier and/or to a higher standard of living. The "goal post" is really like a three legged stool; days vs dollars vs desires.
- Thu Dec 30, 2021 10:20 am
- Forum: Personal Finance (Not Investing)
- Topic: Car question- am I overthinking this ?
- Replies: 48
- Views: 3784
Re: Car question- am I overthinking this ?
Moving to Dallas? Bigger vehicle? F-150!
- Wed Dec 29, 2021 1:21 pm
- Forum: Personal Finance (Not Investing)
- Topic: A speed trap like no other- how to proceed with the citation?
- Replies: 48
- Views: 4163
Re: A speed trap like no other- how to proceed with the citation?
Your other option is to hire local counsel. Or you could hire a local attorney on your own. I would be very tempted to do this, even if it is about the same money. An attorney would represent you in court and you would not need to appear. Perfect way to send even more money to the town when the attorney doesn't get the desired result and you still have to pay the fine. Don't waste your time or money. Any local traffic attorney who has been in business for any length of time can get a 52/50 ticket turned into something meaningless or completely dismissed. That’s what they do. I’d rather pay the lawyer than reward the town. That's not how it works in small town speed traps where 30% of city revenue is from people just driving through minding...
- Wed Dec 29, 2021 1:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: A speed trap like no other- how to proceed with the citation?
- Replies: 48
- Views: 4163
Re: A speed trap like no other- how to proceed with the citation?
Perfect way to send even more money to the town when the attorney doesn't get the desired result and you still have to pay the fine. Don't waste your time or money.criticalmass wrote: ↑Wed Dec 29, 2021 12:52 pm
Your other option is to hire local counsel. Or you could hire a local attorney on your own. I would be very tempted to do this, even if it is about the same money. An attorney would represent you in court and you would not need to appear.
- Wed Dec 29, 2021 12:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: quick question, 529 disbursement timing
- Replies: 6
- Views: 451
Re: quick question, 529 disbursement timing
You took $10K out of a 529 in the same year you paid $10k in tuition. There's nothing to think about.