Search found 333 matches

by familythriftmd
Wed Apr 14, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a Time Share
Replies: 40
Views: 3475

Re: Selling a Time Share

What if you just stop paying? I'm genuinely curious. Guess it depends on the contract, right?
by familythriftmd
Wed Apr 14, 2021 8:14 am
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 23
Views: 1760

Re: Cicadas

One thing to watch out for is that snakes, especially copperheads, apparently love cicadas and will even feed on them on warm nights. https://www.ajc.com/life/why-brood-x-cicadas-could-mean-more-copperhead-appearances/XDGEL4VK6JE6ZPSKTTX54EJGHY/ They have other predators too - cicada killer wasps a...
by familythriftmd
Tue Apr 13, 2021 8:34 am
Forum: Personal Investments
Topic: Alternative to Total Bond?
Replies: 46
Views: 4459

Re: Alternative to Total Bond?

Anyone investing in Emerging Market Bonds? It is the latest recommendation in A Random Walk Down Wall Street. I must admit I am intrigued by the returns compared to total bond, but hesitant as my mind tells me I would be performance chasing if I made a change to my bond allocation. I don't remember...
by familythriftmd
Tue Apr 13, 2021 8:32 am
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4564

Re: The Great Swing Set Dilemma

Skip the at home swing set/play thing. Kids use it a couple times then it sits there to rot away. Just find a park that has a playground. Maybe I was a loser, but we used our swingset *all the time* when I was a kid. It is a huge fixture of my childhood memory playing at home. I could be misremembe...
by familythriftmd
Tue Apr 13, 2021 8:06 am
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 172
Views: 17108

Re: Did you move for better weather? Did you regret it?

Didn't move to Wisconsin for weather alone, but it was a drawing point.
Nice calm and colorful autumns, cold and white winters with lots to do outside, and hot(ish) humid verdant summers.
The only regret is that winter is really hard on the house (like a bursting pipe for the radiators) and the cars.
by familythriftmd
Mon Apr 12, 2021 1:15 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4564

Re: The Great Swing Set Dilemma

I found a swing set frame on Craigslist. He asked $75 AND brought it to my house AND helped me assemble it AND then reduced the price when he saw some rusty spots for $50. All I had to do was buy the swings themselves, which I bought on Amazon. Not saying you'll be quite as lucky, but certainly I'd ...
by familythriftmd
Sat Apr 10, 2021 1:36 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2282
Views: 271501

Re: Post your Financial Milestone Announcements Here

NW is only negative 5 figures now! (assets minus medical student loan liabilities) :moneybag
by familythriftmd
Fri Apr 09, 2021 12:32 pm
Forum: Personal Investments
Topic: No Bonds
Replies: 40
Views: 2489

Re: No Bonds

Seems like either way does well with SOR risk. But even in a bond fund I don't know if I'd worry too much about interest rate risk if you are holding it for a while, anyway.
by familythriftmd
Fri Apr 02, 2021 7:02 pm
Forum: Personal Consumer Issues
Topic: How to make strong coffee equivalent to Starbucks for cheaper?
Replies: 125
Views: 9676

Re: How to make strong coffee equivalent to Starbucks for cheaper?

Krups used to sell a Moka brewer: https://www.krupsusa.com/faq/BREAKFAST-APPLIANCES/Filter-Coffee-Makers/12-Cup-Moka-Brew-Filter-Coffee-Maker-KM468950/csp/8000035468 Makes strong tasting coffee and it's very hot. Unfortunately they stopped selling them a couple years ago. There's always the old sta...
by familythriftmd
Fri Apr 02, 2021 3:10 pm
Forum: Personal Consumer Issues
Topic: big box stores for fruit trees?
Replies: 10
Views: 1015

big box stores for fruit trees?

What are your thoughts on places like Menard's and Home Depot for getting fruit trees? I would like to get a couple pear trees for our yard and was wondering if anyone's had experiences with these. We're rural, so not a lot of bespoke nursery stores nearby.
by familythriftmd
Fri Apr 02, 2021 10:31 am
Forum: Personal Consumer Issues
Topic: How to make strong coffee equivalent to Starbucks for cheaper?
Replies: 125
Views: 9676

Re: How to make strong coffee equivalent to Starbucks for cheaper?

If you just want strong coffee, get an stovetop Italian espresso maker (Moka pot). Some of the best $30 I've spent in my life. The coffee is much stronger than conventional American-style drop coffee, but not as strong as "real" espresso: https://www.amazon.com/Bialetti-06800-stove-coffee...
by familythriftmd
Fri Apr 02, 2021 8:12 am
Forum: Personal Investments
Topic: Maxed out my Roth IRA - what is next?
Replies: 7
Views: 661

Re: Maxed out my Roth IRA - what is next?

Can you Roth a solo 401(k)? Edit: I mean can you set up a 401(k) as Roth rather than tax-deferred. It depends on who the provider of the Solo 401k plan is. I believe Fidelity's offering does *NOT* allow you to make a Roth 401k contribution as employEE (remember that the tax law prohibits the employ...
by familythriftmd
Thu Apr 01, 2021 9:02 am
Forum: Personal Investments
Topic: Maxed out my Roth IRA - what is next?
Replies: 7
Views: 661

Re: Maxed out my Roth IRA - what is next?

Can you Roth a solo 401(k)?

Edit: I mean can you set up a 401(k) as Roth rather than tax-deferred.
by familythriftmd
Wed Mar 31, 2021 2:30 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1871

Re: Can't remove old shower head

Can't figure out if you actually tried the plumbing wrench or not. I'd do that if you didn't try it already.
by familythriftmd
Wed Mar 31, 2021 12:05 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6685

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by familythriftmd
Wed Mar 31, 2021 12:01 pm
Forum: Personal Investments
Topic: Large sum -- to DCA or not to DCA?
Replies: 120
Views: 9350

Re: Large sum -- to DCA or not to DCA?

... Welcome! Lump sum mathematically wins, but not always psychologically (like Bertilak mentioned Larry Swedroe, while Morgan Housel on the behavioral finance side would forgive you for doing DCA) You could lump sum half of it and DCA the rest if it helps allay your fears. I should add that even t...
by familythriftmd
Wed Mar 31, 2021 10:14 am
Forum: Personal Investments
Topic: Large sum -- to DCA or not to DCA?
Replies: 120
Views: 9350

Re: Large sum -- to DCA or not to DCA?

harsha1 wrote: Tue Mar 30, 2021 12:43 pm ...
Welcome!

Lump sum mathematically wins, but not always psychologically (like Bertilak mentioned Larry Swedroe, while Morgan Housel on the behavioral finance side would forgive you for doing DCA) You could lump sum half of it and DCA the rest if it helps allay your fears.
by familythriftmd
Mon Mar 29, 2021 11:01 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5079
Views: 1324008

Re: What Book Are You Currently Reading? Part VI

An Everlasting Meal by Tamar Adler
Just finished The New Coffeehouse Investor
by familythriftmd
Sun Mar 28, 2021 6:52 pm
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 106
Views: 7838

Re: Convince me - for or against bigger home

praxis wrote: Sun Mar 28, 2021 3:18 pm https://susanka.com/not-so-big-house/
On yes, great stuff!
by familythriftmd
Sun Mar 28, 2021 2:07 pm
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 106
Views: 7838

Re: Convince me - for or against bigger home

Agh. Shouldn't have listened to the guys who voted to stay put. :angry: Homes that we were looking at last year that were going for $1.5M in April 2020 are now going for $2.2M. :oops: Well, to be fair, if your question was "we need more space, should we buy a new house now or next year?",...
by familythriftmd
Sun Mar 28, 2021 2:01 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3738

Re: Lake Wobegon's nefarious sister city

When we discuss the market, we talk about how overall, active managers under-perform the market average. The best that you can do is average. It begs the theoretical question: if there is an average, and most people under-perform, then someone has to over-perform . Not everybody can be below averag...
by familythriftmd
Sun Mar 28, 2021 1:46 pm
Forum: Personal Investments
Topic: Edvest vs my529
Replies: 7
Views: 632

Re: Edvest vs my529

Thanks! ER is even better than Utah's and at least for me there are some intra-state advantages for when I do start putting money in there. Circling back on the tax carryforward, WI does allow this, and doesn't appear to place a limit on the number of years you can carry-forward. i.e. if you contri...
by familythriftmd
Sat Mar 27, 2021 9:11 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3738

Re: Lake Wobegon's nefarious sister city

Wow, really interesting. Feeling like I'm back in thermodynamics in my college chemistry courses!
by familythriftmd
Sat Mar 27, 2021 9:04 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3738

Re: Lake Wobegon's nefarious sister city

... You also need toake sure you are distinguishing in your head between the average MARKET return (as measured by the price movement of an index), and average INVESTOR return (return of the average INVESTOR after fees and trading costs). I think you and others have helped me find the disconnect th...
by familythriftmd
Sat Mar 27, 2021 8:57 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3738

Re: Lake Wobegon's nefarious sister city

Some do outperform. Index investors outperform roughly 75% of investors by capturing market return at the lowest cost. So market average is then better than average? By simply capturing the index you happen by default to actually be above the average investor? My head is spinning like Keanu Reeves,...
by familythriftmd
Sat Mar 27, 2021 8:53 pm
Forum: Personal Investments
Topic: Edvest vs my529
Replies: 7
Views: 632

Re: Edvest vs my529

<"Am I missing something? Should I just do my529 since it seems to be "the best" or would it just be easier and/or better to use my own state's 529 called Edvest?"> I will eventually be in this boat. From my own research, I've found the wiki to be helpful reading: (1) https://ww...
by familythriftmd
Sat Mar 27, 2021 8:52 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3738

Lake Wobegon's nefarious sister city

When we discuss the market, we talk about how overall, active managers under-perform the market average. The best that you can do is average. It begs the theoretical question: if there is an average, and most people under-perform, then someone has to over-perform . Not everybody can be below average...
by familythriftmd
Sat Mar 27, 2021 9:33 am
Forum: Personal Investments
Topic: Edvest vs my529
Replies: 7
Views: 632

Edvest vs my529

I am going to open a 529. At least for now, my plan is to focus more on wealth-building and working on my student loans before getting too busy with the 529, but some family members are interested in contributing. I live in Wisconsin which has its own state income tax. I know a lot of finance buffs ...
by familythriftmd
Sat Mar 27, 2021 9:30 am
Forum: Personal Investments
Topic: Health savings account
Replies: 14
Views: 1788

Re: Health savings account

HSA eligible plans will 'usually' have HSA in the title of the plan. I actually think they 'always' do but I'm not confident enough to say so. Ours doesn't say "HSA" in the heading of the plan, it's just called "Basic". However, it isn't hard to see reading the details that it i...
by familythriftmd
Fri Mar 26, 2021 8:15 pm
Forum: Personal Investments
Topic: Health savings account
Replies: 14
Views: 1788

Re: Health savings account

HSA eligible plans will 'usually' have HSA in the title of the plan. I actually think they 'always' do but I'm not confident enough to say so. Ours doesn't say "HSA" in the heading of the plan, it's just called "Basic". However, it isn't hard to see reading the details that it i...
by familythriftmd
Fri Mar 26, 2021 7:23 pm
Forum: Personal Investments
Topic: FFLEX vs FDKVX
Replies: 2
Views: 180

Re: FFLEX vs FDKVX

Yes sorry left out the actual expense ratios. Seems like a no-brainer, especially since there are no capital gains penalties within that HSA space.
by familythriftmd
Fri Mar 26, 2021 7:16 pm
Forum: Personal Investments
Topic: FFLEX vs FDKVX
Replies: 2
Views: 180

FFLEX vs FDKVX

Oops! I have my 403b in FFLEX 2060 TDF, but I have my HSA in FDKVX. Looks like they're about the same but the FDKVX has a much higher expense ratio. Am I missing something here? Seems to me that I made a mistake. Any reason not to switch the FDKVX in HSA into the FFLEX? The asset mix doesn't seem al...
by familythriftmd
Fri Mar 26, 2021 6:47 pm
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3736

Re: budget espresso maker

Thanks! As to they why? Well, I like the taste of a good espresso drink like a doppio. That crema is great. It has a little something to the taste, too. It actually doesn't take too long to make a few of the espresso-type drinks, like a regular doppio or caffe dulce. Cafe au lait is good, too, but ...
by familythriftmd
Mon Mar 22, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3736

Re: budget espresso maker

As other posters have pointed out, "budget" and "espresso" is a challenging combination. This can quickly become an expensive hobby. First I would ask why an espresso machine? Coffee and espresso are the same bean, but different. For ease and simplicity, it's hard to beat drip c...
by familythriftmd
Mon Mar 22, 2021 7:05 am
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3736

Re: budget espresso maker

wander wrote: Sun Mar 21, 2021 11:35 pm Image
Have one. I do love it. That works better with coarser to medium grinds. Not as good for making small amounts, so a little less versatile. Still great for cafe-au-lait, however.
by familythriftmd
Mon Mar 22, 2021 7:01 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29679

Re: 4% rule disputed (Again??!!)

I'm not wild about an SPIA at ages like 60 .. maybe later. The basic SPIAs have no inflation adjustment, so even in a "normal" length retirement with "normal" inflation the income stream is worth quite a bit less in later retirement. You can always buy another one at a later dat...
by familythriftmd
Sun Mar 21, 2021 3:49 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29679

Re: 4% rule disputed (Again??!!)

Love the idea of having some SPIAs once getting close to retirement. That plus social security makes it hard to worry too much about sequence of returns risk. Having 25x expected spending plus maybe a million in SPIA(s) would probably be quite safe. Am I off here? Well if you've got 25x but all of ...
by familythriftmd
Sun Mar 21, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3736

budget espresso maker

My friend told me about his $1700 espresso maker. Kinda looked at my $100 Mr. Coffee and thought "is it time for a replacement"? Part of the issue is it just can't steam past the fine grinds. Seems to get a little slow even after doing a vinegar cleanse. Dear wife would never go for $1700....
by familythriftmd
Sun Mar 21, 2021 3:44 pm
Forum: Personal Consumer Issues
Topic: Romaine Lettuce & bagged salads - concerns
Replies: 45
Views: 4377

Re: Romaine Lettuce & bagged salads - concerns

What do you think about organic? Do you suppose that would make it safer or less safe?

I know (or I think) that a lot of the E coli problems on spinach and romaine is secondary to the runoff from huge feed lots. Smaller outfits would therefore seem safer.
by familythriftmd
Sun Mar 21, 2021 3:41 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29679

Re: 4% rule disputed (Again??!!)

Love the idea of having some SPIAs once getting close to retirement. That plus social security makes it hard to worry too much about sequence of returns risk. Having 25x expected spending plus maybe a million in SPIA(s) would probably be quite safe. Am I off here? Well if you've got 25x but all of ...
by familythriftmd
Sun Mar 21, 2021 3:36 pm
Forum: Investing - Theory, News & General
Topic: What To Do with $36,000 Extra a Year...?
Replies: 9
Views: 1819

Re: What To Do with $36,000 Extra a Year...?

Flora wrote: Sun Mar 21, 2021 3:31 pm Are you eligible to make Roth IRA contributions because you are working (i.e. you have earned income from a W-2 job or from self employment income)?
Oh good point. Forgot about that one.
by familythriftmd
Sun Mar 21, 2021 3:35 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 383
Views: 32856

Re: Customer Service with Vanguard

I am in the early accumulation phase. Getting the Vanguard account up and running initially was a headache, but now it's a breeze given that I don't actually need to talk with them. When I have had to call them, it sometimes took an hour of being on hold, but I just put it on speaker and did whateve...
by familythriftmd
Sun Mar 21, 2021 3:33 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29679

Re: 4% rule disputed (Again??!!)

Love the idea of having some SPIAs once getting close to retirement. That plus social security makes it hard to worry too much about sequence of returns risk. Having 25x expected spending plus maybe a million in SPIA(s) would probably be quite safe. Am I off here?
by familythriftmd
Sun Mar 21, 2021 3:29 pm
Forum: Investing - Theory, News & General
Topic: What To Do with $36,000 Extra a Year...?
Replies: 9
Views: 1819

Re: What To Do with $36,000 Extra a Year...?

Roth IRA seems good given the RMD rules and never too late to start that.
Maybe putting it into a 3-fund portfolio in the rest, including VTSAX and VTIAX maybe.
by familythriftmd
Fri Mar 19, 2021 11:29 am
Forum: Personal Consumer Issues
Topic: upgrade iphone 6??
Replies: 62
Views: 3831

Re: upgrade iphone 6??

I agree with the above. My 2020 SE is a great phone for the price at $400.
by familythriftmd
Wed Mar 10, 2021 3:50 pm
Forum: Investing - Theory, News & General
Topic: easy way to calculate growth with continued investment?
Replies: 9
Views: 859

Re: easy way to calculate growth with continued investment?

... how do you calculate how much you might have by retirement age with continued DCA allocation over the years? ... Is there a formula for that? Here's the formula and an example with 6% annual growth over 30 years. Where fva$1 = future value of an annuity of $1 r = growth rate per period n = numb...
by familythriftmd
Wed Mar 10, 2021 3:48 pm
Forum: Investing - Theory, News & General
Topic: real life markets education for 2nd grader
Replies: 10
Views: 526

Re: real life markets education for 2nd grader

This is something I've been thinking of lately too, of how to ensure "financial literacy" and good money habits all that, though my kids range in age from 0 to 12 at the moment. Keep in mind that "save some of money" may not be the only financial lesson worth teaching. But in te...
by familythriftmd
Wed Mar 10, 2021 3:47 pm
Forum: Investing - Theory, News & General
Topic: real life markets education for 2nd grader
Replies: 10
Views: 526

Re: real life markets education for 2nd grader

What would be your strategy to first teach a 7 year old about the markets and also how to get them investing? My daughter is interested in finances but still doesn't know much about how the markets work. She is not interested in spending her allowance money, so I thought maybe I could teach her abo...
by familythriftmd
Wed Mar 10, 2021 10:20 am
Forum: Investing - Theory, News & General
Topic: real life markets education for 2nd grader
Replies: 10
Views: 526

real life markets education for 2nd grader

What would be your strategy to first teach a 7 year old about the markets and also how to get them investing? My daughter is interested in finances but still doesn't know much about how the markets work. She is not interested in spending her allowance money, so I thought maybe I could teach her abou...