Search found 2164 matches

by Normchad
Sat Apr 10, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Comfortable Men's Flip Flops?
Replies: 9
Views: 575

Re: Comfortable Men's Flip Flops?

I have some from Reef that I bought at a shoe store. I Have got size 13 feet. I have had them for probably 5-6 years now. Prior to that I had something from Adidas that I think I bought from a sporting goods store.

I just checked. Amazon sells Reef flip flops..... they look to be highly rated.....
by Normchad
Sat Apr 10, 2021 7:03 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 19
Views: 2066

Re: “Buy and Hold No More” says A16Z

Man it’s easy to feel like a genius when all you know is an 11 year rising market. I’m a tad worried for all the people “investing” these days, who have absolutely no idea what they’re doing. Articles like this, and WSB on Reddit are drawing them in and really encouraging them. Be real, they are gam...
by Normchad
Sat Apr 10, 2021 5:09 pm
Forum: Personal Investments
Topic: Ready to push the easy button on investements: Portfolio review
Replies: 14
Views: 2720

Re: Ready to push the easy button on investements: Portfolio review

Just a follow up (five years later (!) to say the advice given on this board genuinely helped me and my family at a very difficult time when I lost my husband. I'm glad I was in the right place to receive the information and act upon it. In addition to technical advice, there was genuine wisdom sha...
by Normchad
Sat Apr 10, 2021 10:48 am
Forum: Personal Consumer Issues
Topic: Deck Replacement Options
Replies: 21
Views: 1512

Re: Deck Replacement Options

Thanks for all the responses and helpful tips, especially Sandtrap. Lots and lots of great information! My wife and I are going to one of the larger lumber supply stores (with a large showroom) in our area this afternoon for some ideas and to get a better idea on material pricing. I want to arm mys...
by Normchad
Sat Apr 10, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: 529-scholarship-distribution-tax-change owner?
Replies: 4
Views: 256

Re: 529-scholarship-distribution-tax-change owner?

You can have the 529 plan send the distribution directly to the student. Then it will show up on their form 1099-Q. Thanks! Can they then file their own taxes for the taxable amount? I assume this will be "unearned" which limits to $2.2K at lower bracket. That is exactly what we did. Sinc...
by Normchad
Sat Apr 10, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: 529-scholarship-distribution-tax-change owner?
Replies: 4
Views: 256

Re: 529-scholarship-distribution-tax-change owner?

You can have the 529 plan send the distribution directly to the student. Then it will show up on their form 1099-Q.
by Normchad
Sat Apr 10, 2021 8:13 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270455

Re: Post your Financial Milestone Announcements Here

I feel incredibly fortunate to reflect on how much progress I've made in less than 4 years. For me there was a powerful combination of adopting Boglehead philosophies, experiencing a sharp rise in income, and the market doing well. I'm only 34 so a lot more saving and investing left to reach FI, bu...
by Normchad
Fri Apr 09, 2021 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 64
Views: 7338

Re: In-Laws' HOA demanding $8000 lumpsum payment

In addition to the title claim, (1) politely ask the HOA NOW for any correspondence showing whether/when the Seller knew about the $8000 assessment. (2) try to print out a copy of the sales listing saying "SETTLED." Just try to gather any documents relating to the assessment - don't wait ...
by Normchad
Fri Apr 09, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48607

Re: Tales from this insane real estate market

rage_phish wrote: Fri Apr 09, 2021 8:12 pm Bought out house for $580k 6 years ago

Listed it last week for $800k

After 5 days we had 14 offers and accepted one for $935k

Very happy with the outcome :)
That’s amazing. Congratulations!
by Normchad
Fri Apr 09, 2021 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 64
Views: 7338

Re: In-Laws' HOA demanding $8000 lumpsum payment

This is certain to end up with the real estate attorney. Might as find one now. They should be able to tell you quickly if something was t disclosed that should have been. I doubt the real estate agents will even return your calls once they know what’s on your mind.... they certainly won’t pony up a...
by Normchad
Fri Apr 09, 2021 9:07 pm
Forum: Personal Investments
Topic: Mixing Bogle and Ramsey to build my portfolio
Replies: 48
Views: 4148

Re: Mixing Bogle and Ramsey to build my portfolio

I listen to the Ramsey podcast quite a bit for entertainment purposes mostly..... Ramsey for getting and staying out of debt Bogle for investing For the most part you can't go wrong with that combo, although Ramsey's advice to pay off all debt before investing in 401k even with a match is terrible ...
by Normchad
Fri Apr 09, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 39
Views: 2985

Re: HSA advice Jane Quinn How to Make Your Money Last

OP, I’m doing the same as you. So I’m looking forward to seeing the responses.

My plan has been to use it in my early retirement years, as medical bills come due.
by Normchad
Thu Apr 08, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4556

Re: Taking a paycut for a more stable state job (CA)?

The Tech Sector in California has pulled most capable individuals into the private sector where hard work, innovation, and efficiency are rewarded, and this has been going on for years now. What this means is that those less capable in Tech have gone to the public sector, and this too has gone on f...
by Normchad
Thu Apr 08, 2021 8:05 pm
Forum: Personal Consumer Issues
Topic: How frequently should I water shrubs that were planted in late fall
Replies: 14
Views: 715

Re: How frequently should I water shrubs that were planted in late fall

Great advice above. Both of those plants are pretty tolerant in those soil conditions. If in doubt, checking a hand shovel of soil is a great way to check. Where I live, we have all clay and rock soil, so most roots of most plants are within 6” of the surface. So no need to water real deep if there ...
by Normchad
Thu Apr 08, 2021 7:54 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270455

Re: Post your Financial Milestone Announcements Here

Hadn’t run net worth numbers in awhile. Crunched today and was comfortably above 4 million. Hadn’t broken 4 before to my knowledge. It’s not enough for my current lifestyle with no income (includes 900k home equity) but it is causing me to wonder at what point will I have enough that the extra work...
by Normchad
Thu Apr 08, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Deck Replacement Options
Replies: 21
Views: 1512

Re: Deck Replacement Options

15 years is not crazy old for a deck. Since there was a permit for it, it was probably built correctly at that time. Where I live, anything with a permit gets inspected. So it’s possible the folks you talking to are exaggerating the problems you have. $40k is stupidly ridiculous. Depending on your i...
by Normchad
Thu Apr 08, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: My House
Replies: 7
Views: 744

Re: My House

Or, you might change your mind, for any number of reasons. If it were me, and one on my kids moved in to help take care of me in my old age, I might decide to leave the entire thing to them. Who knows, you might end up getting married, or the tax laws could change, or the value could plummet, etc et...
by Normchad
Thu Apr 08, 2021 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Leak under house, damage to floors, and insurance questions
Replies: 13
Views: 877

Re: Leak under house, damage to floors, and insurance questions

Is this something that homeowners insurance would typically cover? I just never thought of it. I would have just assumed it wouldn’t be covered.......

Please post back after you talk to your insurance company and let us know what they say. I’m very intrigued.
by Normchad
Wed Apr 07, 2021 8:24 pm
Forum: Investing - Theory, News & General
Topic: How much do you spend annually in retirement?
Replies: 112
Views: 10234

Re: How much do you spend annually in retirement?

help me understand that one... I've been told to budget about $20k per year for health care ... This is very concerning. How accurate is this estimate? I took a quick look at ACA and I'm seeing premium pricing around 300/mo~500/mo w/o any subsidies. Do we really need to budget 20k/year? That'll der...
by Normchad
Wed Apr 07, 2021 7:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270455

Re: Post your Financial Milestone Announcements Here

We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher. Many thanks to the great advice from the forum! Congratulations! That is a very impress...
by Normchad
Wed Apr 07, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4556

Re: Taking a paycut for a more stable state job (CA)?

I’m not a fan of people taking pay cuts. And I also think job stability, or the promise of it, is over rated. A lot of times people don’t just lose their jobs, they leave voluntarily. So how important was the stability? I think if you take a pay cut, you are permanently sett8mg yourself back. Your ...
by Normchad
Wed Apr 07, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4556

Re: Taking a paycut for a more stable state job (CA)?

I’m not a fan of people taking pay cuts. And I also think job stability, or the promise of it, is over rated. A lot of times people don’t just lose their jobs, they leave voluntarily. So how important was the stability? I think if you take a pay cut, you are permanently sett8mg yourself back. Your e...
by Normchad
Wed Apr 07, 2021 12:18 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6202

Re: How much cash do you really hold?

I have 12 months worth of expenses sitting in my checking account. To me, that is cash. And when I talk about my portfolio, I don’t include my checking account. But when I talk about my net worth, I include everything. In my portfolio, I have some money in a money market fund. That’s close enough to...
by Normchad
Wed Apr 07, 2021 12:00 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 6834

Re: How to lose the desire of outperforming the market?

Most real investors underperform the market. They actually do worse overall, than the funds they invest in. The cause is that they trade, or try to tune the market, etc. For me, the best way to lose the desire for outperformance, is to remember that I am actually doing better than 90% of investors, ...
by Normchad
Tue Apr 06, 2021 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise?
Replies: 10
Views: 721

Re: Asking for a raise?

Some context - I've been in industry for a while but got >5% bumps only by changing jobs :? I'm in low management role in IT (~20 direct reports) and doing good (exceeding expectations). However the list of demands from my manager keeps growing every month :annoyed and I got only 3% annual increase...
by Normchad
Tue Apr 06, 2021 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise?
Replies: 10
Views: 721

Re: Asking for a raise?

Some context - I've been in industry for a while but got >5% bumps only by changing jobs :? I'm in low management role in IT (~20 direct reports) and doing good (exceeding expectations). However the list of demands from my manager keeps growing every month :annoyed and I got only 3% annual increase...
by Normchad
Tue Apr 06, 2021 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5743

Re: Staying at a company after giving notice? (counter-offer)

Brianmcg321 wrote: Tue Apr 06, 2021 8:48 pm I would counter the counter offer for $91k.

You already got something lined up so it doesn't hurt to ask.
This is good advice. The market has spoken, and you are worth at least 90. Tell them you’ll stay, but you can’t do that if it’s costing you money.
by Normchad
Tue Apr 06, 2021 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5743

Re: Staying at a company after giving notice? (counter-offer)

Why would you switch jobs for a $3K raise? Other than money, was there something really enticing about it? IMO, you’re not doing this right. If you’re going to leave, you should be getting a minimum of a 15% bump. Just tell people, hey I make XXX now, and I’d love to work for you, but I need XXX+15%...
by Normchad
Tue Apr 06, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 127
Views: 12013

Re: Anyone else see drastic increase in Zillow value today?

Metsfan91 wrote: Tue Apr 06, 2021 4:33 pm Nope, didn't notice nor don't care. Ain't selling nor going nowhere.
A reason to care is that your real estate taxes will probably rise proportionally in the future. Not always true, but often times is the case.
by Normchad
Tue Apr 06, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6743

Re: Too early to retire?

It seems every “can I retire” thread I’ve seen has someone getting a pension or company paid health benefits. That certainly won't be true for me. I'll probably have a 13 gap between retirement and Medicare. As of now, I would personally lean toward a health share ministry. It won’t be true for me ...
by Normchad
Tue Apr 06, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Thoughts on HOA Board Membership?
Replies: 31
Views: 2670

Re: Thoughts on HOA Board Membership?

I showed up,to the HOA meeting once, and by the time it was over, I was the president. It can be a lot of free work you’re doing. But you get a say in what the community and management company focuses on. For me, I was planning to sell my house within a year. So we focused on getting people to clean...
by Normchad
Tue Apr 06, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5664

Re: Job Satisfaction vs Maximizing Income

It’s all a grind. Get all the money you can.....
by Normchad
Tue Apr 06, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyways to improve financial aid?
Replies: 70
Views: 3610

Re: Anyways to improve financial aid?

Go for merit aid instead. Make sure your student gets perfect SAT scores and get a 4 or 5 on 15 or more AP exams. Also make sure they have a job in high school. Anybody who can juggle a jobs and do great academically does not really need extracurriculars like sports, music, chess, and rowing. +1. T...
by Normchad
Tue Apr 06, 2021 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 127
Views: 12013

Re: Anyone else see drastic increase in Zillow value today?

Well, I’ll be dipped. I’d previously posted that my zestimate had increased by 50K in the last month. It’s up another 25k today. I’m almost at the point where if somebody rang my door bell, and offered me that amount, I’d just take it and move to an apartment. That number is completely absurd, but ...
by Normchad
Mon Apr 05, 2021 10:19 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5770

Re: 2021 Check Up. 31 Years Old. NW $5M.

beernutz wrote: Mon Apr 05, 2021 10:18 pm I am 21 years old with only a 10 million net worth. How will I cope?
If you invest in Crypto, GME, and Tesla, you might have $5M when you're 30. :)
by Normchad
Mon Apr 05, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Talk me out of DIY Yard drain project.....
Replies: 37
Views: 2974

Re: Talk me out of DIY Yard drain project.....

I've used the rental ditch digger. They are great. They will go through roots, and lift out big rocks. But they pulverize the soil and lawn, and it's quite a bit of work to get all the dirt back in the trench when you're done. I think I trenched over 1200 feet for a sprinkler system, it only took ab...
by Normchad
Mon Apr 05, 2021 8:55 pm
Forum: Personal Consumer Issues
Topic: Talk me out of DIY Yard drain project.....
Replies: 37
Views: 2974

Re: Talk me out of DIY Yard drain project.....

I'm not going to talk you out of it. Go for it! I'd use flexible pipe though.... but nothing wrong with smooth PVC........ All of my down spouts are routed a hundred plus feet underground, via corrugated black pipe, out to the woods. works great...... you'd think the black pipe would collapse, but i...
by Normchad
Mon Apr 05, 2021 6:58 pm
Forum: Investing - Theory, News & General
Topic: The Vanguard global 60/40 balanced fund thread - give us your thoughts!
Replies: 16
Views: 1570

Re: The Vanguard global 60/40 balanced fund thread - give us your thoughts!

I’m a big fan ofVSMGX. I might just consider consolidating all of my investments into that single fund. I’m probably 60% there already.
by Normchad
Mon Apr 05, 2021 5:53 pm
Forum: Personal Consumer Issues
Topic: Deck Levelling- Potential Foundation issues
Replies: 46
Views: 2241

Re: Deck Levelling- Potential Foundation issues

Thanks for the pics. There really should be Gaps between the individual boards. I doubt that your house is sinking. Looking at where the deck meets the house, it looks to be at about the right height. Plus, most homes in SE Michigan have underground basements, etc etc. so I don’t think your house is...
by Normchad
Mon Apr 05, 2021 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6743

Re: Too early to retire?

To answer your question, yes, I think one of you can stop working now. You’re close to the point where you could both stop working. (You might be there, might not). But certainly, one of you could. You’re also a great candidate to CoastFIRE. Just stop saving money. Either reduce your role, or get so...
by Normchad
Mon Apr 05, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Income problem, not savings. Tips from high earners?
Replies: 15
Views: 1915

Re: Income problem, not savings. Tips from high earners?

Join the Army National Guard. Apply for the Physician's Assistant (IPAP) Program. Do two years (paid) of the program. Graduate as a PA looking at 6 figure jobs in many parts of the country, not including the $20,000 bonus you'll get every year you stay in and no student loans. Serve as a PA one wee...
by Normchad
Mon Apr 05, 2021 4:17 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5770

Re: 2021 Check Up. 31 Years Old. NW $5M.

You’re doing very well. Even if your work equity, art, and crypto eventually go to zero, you are doing very well. So keep up the good work. But you’re not in easy street. Now you have to live with the stress of “not screwing this up”. Like you’re streaking down the court to make the game winning lay...
by Normchad
Mon Apr 05, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 127
Views: 12013

Re: Anyone else see drastic increase in Zillow value today?

Well, I’ll be dipped. I’d previously posted that my zestimate had increased by 50K in the last month. It’s up another 25k today. I’m almost at the point where if somebody rang my door bell, and offered me that amount, I’d just take it and move to an apartment. That number is completely absurd, but p...
by Normchad
Sun Apr 04, 2021 9:22 pm
Forum: Personal Consumer Issues
Topic: Deck Levelling- Potential Foundation issues
Replies: 46
Views: 2241

Re: Deck Levelling- Potential Foundation issues

Can you post pictures? Most decks have gaps between the decking boards. Most water will fall through those gaps, it won’t run back all the way to your house. So it’s also important to understand what is under your deck. Is the ground also sloping towards the house? A deck absolutely should not slope...
by Normchad
Sun Apr 04, 2021 9:19 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 228
Views: 22101

Re: High spenders what do you spend on?

delamer wrote: Sun Apr 04, 2021 10:01 am
523HRR wrote: Sat Apr 03, 2021 6:17 pm Highest spending category is Taxes. Next spending category is not even close.
So true...
Last year, taxes exceeded all of my other spending, combined. Looking forward to early retirement, and 7-10 years of paying zero in taxes......
by Normchad
Sun Apr 04, 2021 9:16 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10679

Re: Incredible stock market gains the past year - probably due for a major pullback

Are you telling me that I cannot expect to gain at least a million dollars every year from here on out? I am so disappointed. :( Or are you telling me that I have to lose a million dollars before I can gain a million dollars? Yet another advertisement that someone has $10 million. Yawn. I don’t kno...
by Normchad
Sun Apr 04, 2021 7:03 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22505

Re: Oil change interval for low-mileage vehicles

I tend to buy new cars that include “free” maintenance for 4 years. Oil changes are covered as required by the service indicated in the on-board computer. This is mileage/usage determined or every 12 months if mileage is low. Good enough for me. What brands include free maintenance for 4 years? I t...
by Normchad
Sun Apr 04, 2021 6:58 pm
Forum: Personal Consumer Issues
Topic: New Tool Suggestions
Replies: 31
Views: 2162

Re: New Tool Suggestions

Not that anybody asked, but with regards to cordless and batteries. I bought a Makita drill driver a while back, and love that thing. Based on that experience, I started buying battery powered Makita yard equipment. All their batteries are interchangeable. So I can take the big batteries from the we...
by Normchad
Sun Apr 04, 2021 6:50 pm
Forum: Personal Consumer Issues
Topic: Broken A/C. Next steps?
Replies: 8
Views: 853

Re: Broken A/C. Next steps?

I’d go ahead and DIY replace the fan. If that doesn’t work, call somebody.