Search found 2207 matches

by Normchad
Sat Apr 17, 2021 9:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2296
Views: 272718

Re: Post your Financial Milestone Announcements Here

Emptykeg wrote: Sat Apr 17, 2021 8:53 pm Went over 12 million in net worth last week. My plan was to get there by 55 years old but thanks to this crazy bull market, got there right before turning 50 this summer. My plan was to retire at 55. Now I’m wondering if 50 sounds better.
Good google-moogly! Congrats!
by Normchad
Fri Apr 16, 2021 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4779

Re: How would you handle this? -- big utility company problem!

Good luck. I’d bet you are stuck on the insulation bill. Hello, I am providing an update to every person who previously commented on this post... because I appreciate everyone / you taking the time to provide input. Here is the update: Based on advice on this thread, I contacted the MN Public Utili...
by Normchad
Fri Apr 16, 2021 6:32 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2296
Views: 272718

Re: Post your Financial Milestone Announcements Here

We hit $1.5M in our investment accounts today (excludes cash, 529, and paid-off home). Probably also topped $2M net worth recently, but I don’t really track my home value too closely. A big thanks to the forum for helping us achieve this big milestone in our mid/late 30s! Amazing feat! Congratulati...
by Normchad
Fri Apr 16, 2021 2:45 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3735

Re: C8 Corvette?

I keep seeing posts in my car groups for C8s at $40k over sticker. I'm not a vette guy but if I were and in the market for one, there's something about that that turns me off. If you find one for sticker then grab it! c8's can be had for sticker price, but it takes some shopping around and diligenc...
by Normchad
Fri Apr 16, 2021 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: At what salary range to move out of a HCOL state?
Replies: 21
Views: 2103

Re: At what salary range to move out of a HCOL state?

I wouldn’t accept any cut in pay. I bet you can either find a higher paying job close to where you are now, or an equal or better paying job someplace else in the country. Where does your wife’s family live? That is usually very important.... Just put in some time looking around to get a feel for th...
by Normchad
Fri Apr 16, 2021 12:08 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: 10106

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

Unless coasting means going from 60 hours to 25 hours per week. As far as I can tell, your need for glasses and a good diet is the same with a 25 hour job as it is with a 60 hour job. It makes prioritizing fitness, meditation, and relationships way, way easier. If you aren't able to prioritize your...
by Normchad
Fri Apr 16, 2021 3:03 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5306

Re: can I get boglehead approval for a 70K truck?

Approved.

It’s your money spend on things that make you happy.
by Normchad
Thu Apr 15, 2021 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 208
Views: 10192

Re: The primary factor for picking a College/University is out of pocket cost

....unless this entire post/discussion was started as a term we call "gunner behavior" in med school, where you deliberately mislead other people from making the right choice, eliminating competition for select spots before they even know it. Nope. My kid is average. The ROI for spending ...
by Normchad
Thu Apr 15, 2021 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Another home insurance rant - do you really give them all that info?
Replies: 13
Views: 1263

Re: Another home insurance rant - do you really give them all that info?

Just wait til you try to buy life insurance..... those questions actually are personal.....
by Normchad
Thu Apr 15, 2021 5:45 pm
Forum: Personal Consumer Issues
Topic: Hoover Vacuum Problem (Mystery Solved)
Replies: 21
Views: 1236

Re: Hoover Vacuum Problem

If you like it, take it to a Vaccuum repaid shop and see what they say.
by Normchad
Thu Apr 15, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Another home insurance rant - do you really give them all that info?
Replies: 13
Views: 1263

Re: Another home insurance rant - do you really give them all that info?

I give that info out freely. It’s already out there. Me giving it out doesn’t make the problem any worse. For the longest time, my SSN was printed on my checks. And it was my account number at the bank, etc. It is literally everywhere..... Edited: and it as also my drivers license number for around ...
by Normchad
Thu Apr 15, 2021 3:39 pm
Forum: Personal Consumer Issues
Topic: Considering porcelain flooring that looks like wood
Replies: 12
Views: 683

Re: Considering porcelain flooring that looks like wood

I’ve used porcelain tile on a backsplash. I’d have no hesitation using that stuff on a floor. The tiles I used, you could hit them pretty hard with a hammer and they wouldn’t even chip. Never had any issues or stains with them. I really can’t believe that they could stain, to be honest.
by Normchad
Wed Apr 14, 2021 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: IC to Manager
Replies: 16
Views: 1614

Re: IC to Manager

I went into management about 12 years ago. It's been fine, and very lucrative. I don't love it. To this day, I still do not know if it was the right decision or not. Being an IC comes with a lot of stress and frustration. And being management comes with a lot of stress and frustration, although comp...
by Normchad
Wed Apr 14, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13809

Re: If you hit your # would you retire in this market?

I would. Somebody around here said that 90% of the time, the market is at or near an all time high. So I either have to retire near one, or retire when it's diving into the tank. And none of us is brave enough to do that.... so I think I am doomed to retire at or near an all time high. I don't know ...
by Normchad
Wed Apr 14, 2021 8:18 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 47
Views: 2370

Re: DIY recessed lighting installation?

Hire someone with experience. It's not rocket surgery, but they license electricians for a reason. To increase pricing power by artificially limiting supply? :sharebeer Like many trades and professions, electrical work comprises of some work that can be done by almost anybody with an 8th grade educ...
by Normchad
Wed Apr 14, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4775

Re: Power of a personal real estate offer letter

Reading these responses, my conclusions are that a letter PROBABLY wouldn't help, but DEFINITELY wouldn't hurt (if I am careful about what I write) and MIGHT help with just the right seller. And writing a letter is easy. So it seems to make sense to do it. If the seller doesn't bother reading it, f...
by Normchad
Wed Apr 14, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4775

Re: Power of a personal real estate offer letter

I guess to answer your question, I'd probably take 5% less if I thought it would get me a quicker, trouble free close. Wow - that's a lot of money for a nice letter! yeah, it might be worth $100 per word. Of course, there is no guarantee. I think people leave a lot more money than that on the table...
by Normchad
Wed Apr 14, 2021 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4775

Re: Power of a personal real estate offer letter

As a seller, I think a letter would impact my decision, if the offer was otherwise competitive. Interesting. How much money would you give up for a well-written letter? I really prioritize a quick, hassle free closing. If I had reason to think the highest offer either wouldn't close, or would creat...
by Normchad
Wed Apr 14, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4098

Re: Biggest expenses in life

My single biggest expense in life is Insulin. It's worth it.....

Actually, I spend more on taxes. I also think those are worth it.
by Normchad
Wed Apr 14, 2021 5:22 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13908

Re: Another 2.8% SWR Article Quoting Wade Pfau

Considering most bogleheads are very conservative, I don’t get why “SWR” rates are so heavily discussed when we know ANY flexibility drastically increases your chances of success. I think it would be more prudent to make a more realistic withdrawal method the standard so that we can stop talking ab...
by Normchad
Wed Apr 14, 2021 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4775

Re: Power of a personal real estate offer letter

As a seller, I think a letter would impact my decision, if the offer was otherwise competitive. When I do sell my house, I want a closing with no hassles, and I want for a family to live in my house. (Now that the kids are gone, I’m embarrassed to live in this house..... there should be at least fou...
by Normchad
Wed Apr 14, 2021 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 6976

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

I had the same issue. The dealer explained it, they want to be sure your check is good. A credit pull doesn’t do that per se, but it can be an indicator that you’re a deadbeat or not. I have no problem with them doing it. But my credit is locked/frozen, and I didn’t know the password to open it up. ...
by Normchad
Tue Apr 13, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 44
Views: 3735

Re: C8 Corvette?

No, not yet. I disagree that buying a C8 is “totally non-Boglehead.” First, the Corvette is an excellent value. Its direct competitors cost at least 2x the price. Second, the purpose of investing is to fund future consumption. Spend your money according to your priorities. You are 100% correct on a...
by Normchad
Tue Apr 13, 2021 6:12 pm
Forum: Personal Consumer Issues
Topic: Hoarding and Decluttering
Replies: 15
Views: 1412

Re: Hoarding and Decluttering

The problems I (and perhaps others) continually run into are these: You can't throw away someone else's stuff You can't make them throw it away either You can't put away someone else's stuff or they won't know where it is You can't make them put it away themselves either The accidental not really a...
by Normchad
Tue Apr 13, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4779

Re: How would you handle this? -- big utility company problem!

Good luck. I’d bet you are stuck on the insulation bill.
by Normchad
Tue Apr 13, 2021 5:52 pm
Forum: Personal Consumer Issues
Topic: Hoarding and Decluttering
Replies: 15
Views: 1412

Re: Hoarding and Decluttering

Yes it’s hard. Different people feel differently. And some people have very real sentimental attachments to some of their stuff. Not me though. I’m ruthless. My goal every week is to make the garbage man wince when he lifts the can. :) It’s just amazing how much stuff accumulates over the years. I’m...
by Normchad
Tue Apr 13, 2021 11:46 am
Forum: Investing - Theory, News & General
Topic: how do S&P 500 index investors perform long term compared to all investors
Replies: 4
Views: 667

Re: how do S&P 500 index investors perform long term compared to all investors

This should help. Dalber studies this kind of thing, and finds that the average investor consistently under performs the funds that they invest in. Here is a good article. But basically over the 20 year period, the average investor underperformed the S&P. So, if you had invested in the S&P, ...
by Normchad
Mon Apr 12, 2021 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2537

Re: How much does your employer sponsered health insurance cost you?

I'm curious to see what is considered normal to be paying. For me its currently $500 per month, for just me no spouse or children from my local mid sized employer. Its a great plan that has zero deductible, great coverage, and sponsered my IVF a couple of years ago :) However the rates consistently...
by Normchad
Mon Apr 12, 2021 9:11 pm
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 73
Views: 9316

Re: Is this the single worst time to be a passive investor

Didn't everybody make a lot of money in 2020 by being an index investor? Or was that just me? 20% is pretty good for a year of doing nothing....


indexing just means you own a bit of a lot of things. Nothing wrong with that. If the American stock market keeps doing well, I'll keep doing well.
by Normchad
Mon Apr 12, 2021 8:51 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4624

Re: Emergency (oh my God fund)

I used to have such a fund when I was younger. It was cash set aside just for emergencies. (Car needs a new transmission) kind of thing. I'm older and more established now. I no longer have a dedicated fund. I do have a lot more cash sitting around though. So I could use that, or I could tap the Rot...
by Normchad
Mon Apr 12, 2021 8:40 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 47
Views: 2370

Re: DIY recessed lighting installation?

You shouldn't do this if you don't know what you are doing. Legally, you are required to get a permit for this. Although many people don't get one. yes, they can be a fire hazard. Depending on the bulb you use, they create a lot of heat, and can catch insulation or other material on fire. they can a...
by Normchad
Mon Apr 12, 2021 8:34 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 595
Views: 55498

Re: What’s your age, AA and #?

52, 60/35/5, at the goal.
by Normchad
Mon Apr 12, 2021 5:57 pm
Forum: Personal Consumer Issues
Topic: shiplap for bathroom accent wall (what type of board?)
Replies: 9
Views: 876

Re: shiplap for bathroom accent wall (what type of board?)

If you want a rustic or authentic vibe, consider using some old shipping pallets. That wood usually has a lot of “character” to it.

I wouldn’t worry about wood in the bathroom. My vanity, trim, bead board is all wood, and it dies just fine.
by Normchad
Mon Apr 12, 2021 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 208
Views: 10192

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...
by Normchad
Mon Apr 12, 2021 4:46 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13908

Re: Another 2.8% SWR Article Quoting Wade Pfau

In the past, the 30 year SWR in *most years* was significantly higher than 4%. 4% is the worst. At most times in history, 5, 6, or 7 would have been just fine. So 4 isn’t the number for “just skating by” in the past, it was the very worst. It is possible that the next 30 years will be even worse tha...
by Normchad
Mon Apr 12, 2021 4:34 pm
Forum: Personal Consumer Issues
Topic: Routine Plumbing Pipe Maintenance?
Replies: 16
Views: 1282

Re: Routine Plumbing Pipe Maintenance?

Is it a “shower drain gasket”? I’ve never seen one personally..... but maybe that is what you encountered. All the drains I have ever worked on, there was no “rubbery” material. And buildups of soap, shampoo, hair feel slimy, not rubbery. I don’t usually worry about keeping my pipes clean until/unle...
by Normchad
Sun Apr 11, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3466

Re: Would you preemptively replace your Roof

Any recommendations on how to deal with the attic mess of a roof tear-off? Lots of nails and little chunks of shingle and wood? What if you have blown-in insulation and a furnace/AC unit or whole-house fan up there? Best venting strategy? This can go quite deep, all at a cost. Is there a really goo...
by Normchad
Sun Apr 11, 2021 7:07 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3466

Re: Would you preemptively replace your Roof

Any recommendations on how to deal with the attic mess of a roof tear-off? Lots of nails and little chunks of shingle and wood? What if you have blown-in insulation and a furnace/AC unit or whole-house fan up there? Best venting strategy? This can go quite deep, all at a cost. Is there a really goo...
by Normchad
Sun Apr 11, 2021 6:11 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 10
Views: 1073

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

My garage door makes the noise it makes even when the robotic door opener is not used. That is, almost ALL of the noise happens even when manually opening and closing the garage door. It never occurred to me to get a quieter robotic opener as I wouldn't even notice whether it was making any noise o...
by Normchad
Sun Apr 11, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 208
Views: 10192

Re: The primary factor for picking a College/University is out of pocket cost

It’s kind of a shame that for most people, the primary factor isn’t the quality of the education. Costs matter, certainly. But I rarely hear anybody talk about the purpose of going to school is to get an education. For our family, we saved enough for a full 4 year education for the kid. We told her ...
by Normchad
Sun Apr 11, 2021 11:30 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3466

Re: Would you preemptively replace your Roof

Worst case, you’ll just end up replacing it at your own expense when it reaches its natural end of life. Jumping in here because I have this same question as OP. What is your definition of "natural end of life"? How is that determined? If you mean at the end of "20 years" or wha...
by Normchad
Sun Apr 11, 2021 10:54 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3466

Re: Would you preemptively replace your Roof

I would not preemptively replace a roof. They are just too expensive.

I just cross my fingers and pray for a major hail storm.

Worst case, you’ll just end up replacing it at your own expense when it reaches its natural end of life.
by Normchad
Sun Apr 11, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11185

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

My starting retirement expenses will be about 20% of my current gross salary. I’m certain I will be paying less tax, and ata lower rate in retirement, then I am while working. I 100% do not care what happens after I’m dead. I’ll do what’s best for me, and if my heirs have some headaches, or have to ...
by Normchad
Sat Apr 10, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Comfortable Men's Flip Flops?
Replies: 59
Views: 4328

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: 90
Views: 9083

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: 15
Views: 3083

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: 43
Views: 2832

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: 282

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: 282

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: 2296
Views: 272718

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...