Search found 2375 matches

by mmmodem
Fri Apr 16, 2021 6:51 pm
Forum: Personal Consumer Issues
Topic: New car same price as 1 year old
Replies: 24
Views: 2079

Re: New car same price as 1 year old

So you bought a used 2020 Honda Accord for the same price as your dad's new 2021 Toyota Camry? If not, why not just state exactly what was purchased?

There is no consensus on BH. Some find value in extra luxury and safety options. Others, are content with base trim models or used beaters.
by mmmodem
Fri Apr 16, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: Does USPS allow mailing laptop internationally ?
Replies: 12
Views: 901

Re: Does USPS allow mailing laptop internationally ?

No need to ask further on the internet. That is unless you don't want to go in person to the post office. However, the post office will take care of it for you. I sent a cell phone to my brother overseas. It has a non-removable lithium battery. I told the employee about it and she helped me fill out...
by mmmodem
Wed Apr 14, 2021 6:46 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 47
Views: 2367

Re: DIY recessed lighting installation?

Not a licensed electrician but I hooked up my ceiling fan and installed updated light switches. Not a licensed plumber but I unclog my own toilet and installed my kitchen faucet and garbage disposal. Not a licensed mechanic but I do my own vehicle fluid changes. Not a licensed CPA or an FA but I do ...
by mmmodem
Wed Apr 14, 2021 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 110
Views: 10070

Re: How close to retirement age would you start to coast instead of grinding it out?

I have a Lean FIRE number as well as a full retirement number. I reached my Lean FIRE number a couple years ago. This number will only cover basic food and shelter for the rest of my life and no luxuries. This is not the way I want to retire so I continue to work. So, I started coasting. I no longer...
by mmmodem
Tue Apr 13, 2021 10:14 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 54
Views: 3634

Re: 10+ year old used cars?

There's no set age limit for the car I would buy. I tend to buy the newest vehicle I can buy with the budget that I have. I avoid low mileage vehicles like your example with the Subaru. In my opinion, age is a better predictor of vehicle reliability than mileage, not to mention safety. Newer vehicle...
by mmmodem
Sat Apr 10, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: house sale: check or wire?
Replies: 21
Views: 1062

Re: house sale: check or wire?

An escrow account is created to verify availability of funds prior to closing on the home. That guarantees you get paid as the seller no matter what the buyer chooses. As seller, I've been paid by direct deposit or check. As buyer I've been given the choice of wire or cashier's check. I've always ch...
by mmmodem
Thu Apr 08, 2021 9:06 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20636

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Yes, the $4000 car is actually a $7000 car: - $4k for the car - $1k for new tires on day one - $1k for new fluids in order to baseline it (engine, brakes, transmission, differential, coolant) - $500 for new shocks/struts - $500 for a bluetooth capable head unit, to replace the crappy OEM HU And it'...
by mmmodem
Wed Apr 07, 2021 10:36 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20636

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Please understand that this is on very special occasions....maybe once a year if that. But someone with a low income who buys a newer vehicle is just burning their money away. I have no gripe if people have the money....but I often hear on this forum that they are amazed at the size of some peoples...
by mmmodem
Wed Apr 07, 2021 2:51 am
Forum: Personal Consumer Issues
Topic: 2019 Porsche Macan Excessive Tire Noise: Options?
Replies: 54
Views: 3659

Re: 2019 Porsche Macan Excessive Tire Noise: Options?

Good luck getting any help from the dealer. All I can tell you is that I had a set of tires on my Civic that got louder with time. From what I gather, it had nothing to do with the tire size or type. My particular tires just wore that way. It was also just the front pair of tires because I noticed t...
by mmmodem
Tue Apr 06, 2021 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Spouse on Deed but not Mortgage?
Replies: 13
Views: 1403

Re: Spouse on Deed but not Mortgage?

Due to my employment status, my lender suggested doing what you described to make the underwriting process easier. So we did. Yup, we've done this on three different homes. Our current home does not have my name on the mortgage strictly to reduce paperwork that I would need to provide. If and when ...
by mmmodem
Thu Apr 01, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48231

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Anyhow, people do often have choices they can make to reduce the pain of preschool expenses. They can enroll their kid part time, live near relatives, use an FSA, figure out creative arrangements when it comes to work schedules, and can usually decide how many kids to have. Additionally, money not ...
by mmmodem
Wed Mar 31, 2021 11:04 am
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6407

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

By my quick napkin math, someone under 50, contributing the max since 1998 (I believe the first year of Roth IRA's) could theoretically have a cash balance of $105,000 ($12300 if over 50 the whole time, I believe), assuming zero growth/losses. Why would you assume zero growth? Looks like you've und...
by mmmodem
Wed Mar 31, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: toyota sequoia vs toyota sienna safety
Replies: 44
Views: 2670

Re: toyota sequoia vs toyota sienna safety

Larger cars are safer in general. Agree when in an accident. Safety, however, isn't just about surviving the accident. It's avoiding the accident altogether as well. Given the Sienna is a brand new model for this year and the Sequoia is well over a decade old, I'd consider the Sienna a safer overal...
by mmmodem
Fri Mar 26, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of net worth in retirement account is "Too much" for early 40s?
Replies: 64
Views: 7119

Re: What percentage of net worth in retirement account is "Too much" for early 40s?

Early 40's here and I feel no percentage is too much. We're at about 85% and I'm actually trying to increase that number by doing a Mega Backdoor Roth and spend from taxable. Given a choice of tax advantaged or not tax advantaged, the choice is easy to not pay taxes. I plan to retire within the next...
by mmmodem
Fri Mar 26, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48231

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

We generated ~$400 in foreign taxes out of a max $600 in foreign tax credit for married filing jointly that can be deducted in a single year due to quarterly dividend distributions from those funds. I’m not aware of any such limit. My family deducted more foreign tax credit than that on our 2020 ta...
by mmmodem
Fri Mar 26, 2021 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48231

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Thanks for the link and I appreciate the pointer on using international for the foreign tax credit. Congrats on being able to deduct the loss for that many years! We currently have total international stock market fund in our IRA accounts and developed markets index in my 457b (total international ...
by mmmodem
Thu Mar 25, 2021 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48231

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Taxable Investing: $40k - HELP NEEDED $40k will be put into two separate Merrill Edge taxable accounts. We’ll collect $150 bonus on each account ($300 total). So, we start with a 0.75% return to open the accounts. I am thinking we won’t need this money for a few years but I am not quite sure what t...
by mmmodem
Thu Mar 25, 2021 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48231

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Since this thread has been revived, I’ll summarize some of the changes since I started it 18 months ago: -Our net worth has gone from roughly $1M in 2019 to about $1.4M now (income is still around $115k). The current breakdown is: $745k in investments ($330k of this is in Roth IRA accounts), $480k ...
by mmmodem
Fri Mar 19, 2021 11:06 am
Forum: Personal Consumer Issues
Topic: upgrade iphone 6??
Replies: 62
Views: 3832

Re: upgrade iphone 6??

> 1. Is there a way to work around this issue? My employer uses Microsoft Outlook for its email. I have a similar problem with my old android phone. I just use outlook webmail in chrome. This sounds intriguing. What is the process for doing so? You may find the process in your company's "Work ...
by mmmodem
Mon Mar 15, 2021 3:40 pm
Forum: Personal Consumer Issues
Topic: Baby, Wife & Car
Replies: 44
Views: 3245

Re: Baby, Wife & Car

Lets put in some fake number 2017=$25k 2021=$30k 7 years at 10k miles/year In 2028, the 2017 will have 100k miles and be worth $11k In 2028, the 2021 will have 70k miles and be worth $17k The 2017 will have cost you $14k to own in those 7 years The 2021 will have cost you $13k to own in those 7 yea...
by mmmodem
Mon Mar 15, 2021 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1.35M house?
Replies: 54
Views: 5139

Re: Can I afford a $1.35M house?

Interesting replies thus far. I didn't realize $300k is low. We're making $250k mid-career in the Bay Area. You're doing much better than us and I thought we were doing better than fine. Oh well, this is Bogleheads. Since you do have $500k to use as down payment. The question the way I see it is if ...
by mmmodem
Mon Mar 15, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 364
Views: 26125

Re: Received 3rd stimulus check 3/12/21

[OT comments removed by admin LadyGeek]

Anyway, got the notification on Saturday in my credit union account that the check will be direct deposited on 3/17. I have not filed 2020 taxes yet. I'll still qualify, nonetheless. As a Boglehead, I don't need the stimulus but I will be spending it.
by mmmodem
Sat Mar 13, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit a check without endorsing it in the back?
Replies: 31
Views: 3737

Re: How to deposit a check without endorsing it in the back?

Thanks all. I was unaware you could desposit checks this way. I just mobile deposited two checks made out to me and DW. The last time I attempted this, the bank put the deposit under review and then a day later canceled the transaction saying I needed to have two signatures. This time I just wrote '...
by mmmodem
Fri Mar 12, 2021 3:07 pm
Forum: Personal Consumer Issues
Topic: iPad for reviewing documents, and what size?
Replies: 27
Views: 1488

Re: iPad for reviewing documents, and what size?

Interesting... I think it would probably be an iPad Pro? This is another thing that I am curious about. MacBooks/iMacs last for years before they need to be replaced, but Apple is constantly coming out with new iPads. I am worried that an iPad will become obsolete much, much sooner (despite costing...
by mmmodem
Thu Mar 04, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Use a rental car as a primary vehicle?
Replies: 38
Views: 2855

Re: Use a rental car as a primary vehicle?

I used to be a courier driving 300 miles a day or 7000 miles a month. I chose to drive my own vehicle. The math for you is simple. Assuming fuel cost is identical whether you rent or drive your Camry, you're looking at $3265.50 that your company should reimburse you for putting on 19500 miles on wha...
by mmmodem
Sat Feb 20, 2021 11:14 am
Forum: Personal Consumer Issues
Topic: Retiring to Vermont/New Hampshire area
Replies: 91
Views: 7104

Re: Retiring to Vermont/New Hampshire area

We just moved from the small town of Chesterfield, NH. It is 15 minutes to Brattleboro, VT to the west and Keene, NH to the east. Both are small cities with their own interesting style. The train station is in Brattleboro and a medium size hospital is in Keene. While property taxes in Keene are high...
by mmmodem
Wed Feb 17, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: "TBD" home buyers -- what's your savings approach?
Replies: 27
Views: 1380

Re: "TBD" home buyers -- what's your savings approach?

We live in an HCOLA. 20's Home buying was estimated as years in the future. I maxed out my 401k and Roth IRA. With a home purchase so far in the future, I did not want to miss out on tax advantaged space I will never get back. I invested based on my asset allocation. If I wanted to buy a home immedi...
by mmmodem
Thu Feb 11, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead bathroom repair
Replies: 36
Views: 2707

Re: Boglehead bathroom repair

We just sold our home and two of the tiles look like your picture. The buyers literally didn't care. We were prepared for them to counter but they told us they plan to demo the whole bathroom anyway. In our previous home, I would've repaired it. The buyers there would be distracted by it. For this h...
by mmmodem
Thu Feb 11, 2021 12:51 pm
Forum: Personal Consumer Issues
Topic: Is "Amazon Day" delivery less reliable?
Replies: 23
Views: 1825

Re: Is "Amazon Day" delivery less reliable?

I am pretty random with my choices for delivery. Sometimes I choose Amazon day. Sometimes I don't. I have not noticed any difference in drivers. I get UPS, USPS, Amazon van, and personal vehicle deliveries. I have not noticed a difference in quality of delivery either. Sometimes I get a pic. Sometim...
by mmmodem
Tue Feb 09, 2021 3:09 am
Forum: US Chapters
Topic: Why A Good Boglehead Must Leave The Bogleheads Forum
Replies: 180
Views: 18376

Re: Why A Good Boglehead Must Leave The Bogleheads Forum

Frequenting this forum can only cause you to act. To tinker. To modify and modify until you reach an "optimal" allocation as per the latest factor paper or whatever it may be. The very act of browsing this forum all the time is antithetical to the very principles that our community espous...
by mmmodem
Sun Feb 07, 2021 12:17 pm
Forum: Personal Consumer Issues
Topic: Alt phone svs so I don't have to give out primary cell number
Replies: 26
Views: 2175

Re: Alt phone svs so I don't have to give out primary cell number

I just checked my Home Depot account and it is indeed registered to my GV number. You might want to try again. So far, I've only encountered two sites not work with GV. One is Chase and the other is the benefit site with my employer. I never receive the security texts from Chase to authenticate 2FA,...
by mmmodem
Wed Feb 03, 2021 4:42 pm
Forum: Personal Consumer Issues
Topic: Watching hollywood movies with kids 10 and 16
Replies: 33
Views: 2624

Re: Watching hollywood movies with kids 10 and 16

livesoft wrote: Sun Jan 31, 2021 11:21 am PG-13 is your answer I think.
+1
I can't watch anything above PG-13 with my parents and I have kids of my own. It goes in both directions. There are a few exceptions for R rated movies but only if I've already seen it and know the content.
by mmmodem
Tue Feb 02, 2021 6:41 pm
Forum: Personal Investments
Topic: Second Homes and Asset Allocation
Replies: 5
Views: 714

Re: Second Homes and Asset Allocation

So, while some may quote 50/40/10, for example, in AA for equities/FI/cash, I quote w/x/y/z for EQ/FI/cash/RE. This is what I do for real estate as well, Primary and Second home. It's not the generally accepted calculation for AA by BogleHeads. However, I can easily convert to standard Stocks/Bond ...
by mmmodem
Tue Feb 02, 2021 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

What is your monthly take home pay after taxes / deductions? How does that compare to your budgeted monthly expenses (which I assume includes the $3100 PITI)? Have you run this analysis to determine if you can, in fact, afford the house? Apologize for oversimplifying, but isn’t that really all you ...
by mmmodem
Tue Feb 02, 2021 11:32 am
Forum: Personal Investments
Topic: Your mental "tricks" to avoid doing dumb things?
Replies: 73
Views: 5271

Re: Your mental "tricks" to avoid doing dumb things?

My trick is to consult the "experts" on Boglehead's before I make a financial decision. Just about every move I wanted to make someone has done it before or thought about before me. I took advantage of last March's lows by front loading my 401k and Roth IRA contributions after seeing RBD a...
by mmmodem
Mon Feb 01, 2021 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

Consider increasing your budget for the house along with your budget for things like family vacations and eating out more often. You can easily afford to do all of this. Life should be about balance. You don't need a 70% (or whatever) savings rate, especially, if you already have millions saved at ...
by mmmodem
Mon Feb 01, 2021 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord CA - Paying for an apartment video worth it when lisiting?
Replies: 4
Views: 298

Re: Landlord CA - Paying for an apartment video worth it when lisiting?

As someone who is about to purchase a CA home as their primary residence, there is no clear cut answer. I'm not going to buy or rent the home based off a video so an in-person visit is mandatory. All the video does is help me with deciding whether it is worth my time to see in person. This, of cours...
by mmmodem
Mon Feb 01, 2021 11:28 am
Forum: Personal Consumer Issues
Topic: Honda Accord 2nd key fob no longer working. Do I call the dealership?
Replies: 21
Views: 1854

Re: Honda Accord 2nd key fob no longer working. Do I call the dealership?

It was working a a spare key fob then it stopped, so I changed battery and still did not work, thx. Did you follow the manual to start the car with a dead key fob battery? I'm not familiar with an accord but on other vehicles with start buttons, you physically touch the fob to the car near or on th...
by mmmodem
Sat Jan 30, 2021 12:08 pm
Forum: Investing - Theory, News & General
Topic: We are NOT in a bubble
Replies: 165
Views: 21558

Re: We are NOT in a bubble

I do not know whether we are in a bubble. I do not care. I am prepared. Why should you care? You should be prepared instead. +1 People, including my wife, still ask me how I can invest knowing it's a bubble when I am "buying in spite over the views." What makes me think I have the "c...
by mmmodem
Sat Jan 30, 2021 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

Check out the property taxes and insurance rates before you decide. For me, property taxes alone are more than my rent. PITI estimate is $3100 for the new home. Property taxes and insurance included. Childcare is included in my yearly expense estimate. DW's work has really good subsidized child car...
by mmmodem
Fri Jan 29, 2021 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

Another way to look at this situation is that if the renters were NOT your parents, then this is would be a relatively straightforward post: Yes, if this were a regular rental, the decision is obvious to sell. However, the parents have said firmly that they wish to stay where they are at. Have you ...
by mmmodem
Fri Jan 29, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

I assume you are young since you have family of 6 listed and that you have some runway until retirement. If so, looks like you can afford no problem. Rough numbers, you could still save at least $70k or so towards retirement every year. That seems great to me. Like others have said, congrats on fin...
by mmmodem
Fri Jan 29, 2021 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Re: Can we afford this home in Bay Area, California

Yes you can afford it but what kind of terrible house is that? I have a full blown fixer upper, 3/2, I paid a million dollars for it in March 2020. East bay tri-valley It's a 50 year old 3/2 1300 sqft SFH. I guess it's just sticker shock. I paid less than half this amount after the last housing bub...
by mmmodem
Fri Jan 29, 2021 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home in Bay Area, California
Replies: 26
Views: 3725

Can we afford this home in Bay Area, California

We recently returned to California after a few years on the East Coast. DW did not transition well and therefore we have moved back. We, currently, live in a $1M dump in the South Bay Area (If you live here, you know what I mean) with $250k left on the mortgage. This home is rented to the parents an...
by mmmodem
Mon Jan 25, 2021 3:33 pm
Forum: Personal Consumer Issues
Topic: Desktop is dying - help me with replacement
Replies: 72
Views: 4715

Re: Desktop is dying - help me with replacement

Same as above. People like me are giving away old monitors with HDMI and/or DVI ports on FB Marketplace. Don't waste any more time allowing your monitor to limit your choices.
by mmmodem
Mon Jan 25, 2021 1:11 pm
Forum: Personal Consumer Issues
Topic: Time to take kids off auto insurance...or not?
Replies: 13
Views: 891

Re: Time to take kids off auto insurance...or not?

In my 20's, I chose to stay on my parent's auto insurance for liability reasons on those rare occasions that I drive a vehicle. Your insurance may vary. On our insurance, the premium is rated on the worst driver assigned to that vehicle. Therefore, I was assigned to the family hooptie that had liabi...
by mmmodem
Sun Jan 24, 2021 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying before Selling Existing Home
Replies: 33
Views: 2591

Re: Buying before Selling Existing Home

First is that if it sold, I would have to scamble to find the right place to buy because putting any kind of contingency on the sale isn't a good idea. Why? The first home I ever purchased, the seller clearly stated they would pay the buyer rent for 60 days after close of escrow. This contingency m...
by mmmodem
Sun Jan 24, 2021 1:19 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13516

Re: Any boring investors left?

Count me for all 10 as well. Boring and simple is how I like it. 3 fund has served me well. I don't have FOMO buying FAANG or Bitcoin anymore than I would on last week's lotto. It's gambling to me.
by mmmodem
Thu Jan 14, 2021 6:24 pm
Forum: Personal Consumer Issues
Topic: What is the correct premium to pay for a Toyota vs a Chrysler?
Replies: 53
Views: 3379

Re: What is the correct premium to pay for a Toyota vs a Chrysler?

I think the market has already determined the correct price premium for a Toyota. It's really up to you whether you can suffer the difference in reliability. I believe the difference in cost is inflated by not only the repair costs but for the hassle factor of a breakdown as well. For my sister, no ...
by mmmodem
Sat Jan 09, 2021 8:59 am
Forum: Investing - Theory, News & General
Topic: How much money does a 30 year old need to retire?
Replies: 60
Views: 6353

Re: How much money does a 30 year old need to retire?

At a minimum, I use 25x yearly expenses for retirement. That means $1m saved will net you $40k a year. That is plenty for budget living for me if I were single in the San Francisco Bay Area. The amount you need or the person that disagrees with me needs may vary. Health insurance? Rent? What about ...