Search found 100 matches

by jerkstore
Sat Feb 20, 2021 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Revealing net worth
Replies: 251
Views: 16526

Re: Revealing net worth

This made me think of the recent stimulus checks. Family has asked if we've gotten ours and/or what we used it on. We just nod and go along with the discussion, as it won't do them any good to know that we make too much to get the stimulus checks. +1 Hone the skill of tactful avoidance. Spouse only.
by jerkstore
Sat Feb 20, 2021 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cash: a survey
Replies: 95
Views: 6316

Re: Cash: a survey

Between .5 and 1%
About 5-6 month expenses
I guess accumulation, but I've slowed down the pace...so slow accumulation.
by jerkstore
Fri Feb 19, 2021 9:11 am
Forum: Personal Investments
Topic: 31yo contemplating early retirement
Replies: 142
Views: 12495

Re: 31yo contemplating early retirement

Hey all, To all the young early retirees (i.e. people who retired in their 30s), is it worth it ? And what kind of portfolio do you need to retire in your 30s? I'm in the fortunate position where I've grown my portfolio to roughly 1.8 mill dollars (half in taxable other half in retirement vehicles)...
by jerkstore
Fri Feb 19, 2021 6:58 am
Forum: Personal Consumer Issues
Topic: Urgently Need Help! How do I wire large sum of money from Chase
Replies: 15
Views: 1816

Re: Urgently Need Help! How do I wire large sum of money from Chase

2 months ago I wired a 7 figure amount from Chase and was required to be in person. My nearest branch was closed to in person transactions (only the drive thru was open). I had to drive to a further location. I found no help on the phone.
by jerkstore
Thu Feb 18, 2021 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used CPA for taxes AND did them on their own to compare?
Replies: 58
Views: 5540

Re: Has anyone used CPA for taxes AND did them on their own to compare?

Caution. Literally every cpa I’ve used has screwed up at least one thing every year in my taxes. In one case I didn’t catch it for years and couldn’t fix it. Cost me thousands. Even big boys like kpmg. No one cares as much as you about your money and your chance of audit. +1 This has been my experi...
by jerkstore
Tue Nov 10, 2020 5:14 pm
Forum: Personal Consumer Issues
Topic: drone recommendation for kids
Replies: 9
Views: 506

Re: drone recommendation for kids

My son bought this Holy Stone in May of 2019, and has been happy with it. Looks like it's $140, but I think he paid close to $200 at the time. He was 12 when he bought it. My kids have had cheap toy drones which don't last long, but that might be a good start for an 8 yr old. https://www.amazon.com/...
by jerkstore
Tue Nov 10, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Cat surgery cost accumulating
Replies: 27
Views: 1733

Re: Cat surgery cost

My daughter loves the cat, and thankfully we can afford the bill but how much is enough? Nobody can answer this for you. If you can afford it, as I could also, I wouldn't stop at this point. We invested $7,000 in our Maine Coon cat with two hip surgeries in the first two years of its life and now h...
by jerkstore
Mon Nov 09, 2020 8:31 am
Forum: Personal Consumer Issues
Topic: Expecting first baby/child - recommended reading materials?
Replies: 34
Views: 1897

Re: Expecting first baby/child - recommended reading materials?

For sleep -

https://www.amazon.com/Solve-Your-Child ... 0743201639

Ferber method was recommended to us, and we had success with all 3 boys. It's been a while, but the gist is gradually teaching baby how to self-soothe.
by jerkstore
Tue Oct 27, 2020 9:20 am
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2517

Re: Stationary Indoor Bikes

I bought a Lemond Revmaster Pro off craigslist for $500 (like 5-7 yrs ago) and have over a thousand hours on it...but there's no totalizer...so not sure how far above that. Nothing has worn out, it's made well. I hate riding it, but I hate all indoor cardio. Last winter I managed to run outside the ...
by jerkstore
Sun Oct 11, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp owners: How do you deal with profits and pass-through tax obligations?
Replies: 11
Views: 1164

Re: S-Corp owners: How do you deal with profits and pass-through tax obligations?

I paid taxes in profitable years, and then quarterly taxes following those years. There have been several years where I have paid income tax 2-4x my actual take home pay. It burns, but that is how it works. My business was capital intensive, and sales were vulnerable. It was just prudent to keep the...
by jerkstore
Tue Aug 11, 2020 8:29 am
Forum: Non-US Investing
Topic: How to allocate capital tied up in family business?
Replies: 9
Views: 600

Re: How to allocate capital tied up in family business?

As mentioned, I never accounted for it my AA, nor in any net worth calculation...though I think it could be done depending on the business. In my business, I was never able to get a reliable value that I could use in a meaningful way.
by jerkstore
Tue Aug 11, 2020 8:07 am
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5946

Re: What price range for Daughter's first car?

Another vote for encouraging her to make her own decision. It's her money, she's an adult...real job, pays real taxes, will have real debt obligation. Just because she asks for your input doesn't mean you should give it, it means that it's welcomed, but not necessarily what's best for her. I don't ...
by jerkstore
Tue Aug 11, 2020 5:15 am
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5946

Re: What price range for Daughter's first car?

Another vote for encouraging her to make her own decision. It's her money, she's an adult...real job, pays real taxes, will have real debt obligation. Just because she asks for your input doesn't mean you should give it, it means that it's welcomed, but not necessarily what's best for her. I don't h...
by jerkstore
Thu Mar 19, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: Buyers v Sellers
Replies: 22
Views: 898

Re: Buyers v Sellers

Me 4 times already. Re-balance twice, and 2 additional equity purchases from cash.
by jerkstore
Wed Mar 11, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4089
Views: 325134

Re: Coronavirus and the market

Just bought some VTI at my lowest buy price since 2018. Not a large amount, but I was happy to see the price. :sharebeer
by jerkstore
Wed Mar 04, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Coronavirus: Why Are People Buying Water?
Replies: 61
Views: 4476

Re: Coronavirus: Why Are People Buying Water?

Also curious, I've had this conversation with three people...and I'm still unclear how my tap water won't be working during an outbreak.
by jerkstore
Wed Jul 24, 2019 9:16 am
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 7881

Re: Can we afford $600k home?

anonymoususer wrote: Wed Jul 24, 2019 8:30 am Thank you for all responses. We will wait for now.
OP kudos for listening to the solid advice here. Often folks pick and choose the from the advice they sought, listening to what they want to hear.
by jerkstore
Tue Jul 02, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 5280

Re: how do couples work together on home finance

I am in a situation for a while now and would like to hear about how other couples handle their finances together. Do you both sit together on a regular basis and go over some/any numbers.. I keep insisting that my husband and I need to sit together for 30 minutes a week to see how much we are spen...
by jerkstore
Thu Jun 20, 2019 2:58 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270606

Re: Did I Make it or no?

There are 2 categories: 2 comma NW and 2 comma Investable assets. Celebrate both of them. Congrats on 2 comma NW. All NW calculations include home equity, otherwise they are done incorrectly. I don't know why some wrestle with this concept so much, it is simply the sum of assets less sum of liabilit...
by jerkstore
Wed May 01, 2019 1:48 pm
Forum: Personal Investments
Topic: Social responsibility investing in my 401k?
Replies: 13
Views: 1049

Re: Social responsibility investing in my 401k?

Invest in nonprofit organizations. You can pick your own social cause and profit. The returns do lag the S&P, but you can feel socially responsible and should have no qualms with their ethics.

https://www.semble.com/home/how-it-works
by jerkstore
Tue Apr 09, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 7745

Re: How Much Do You Pay For Haircut?

$19 cut + $11 tip.

I save by cutting my kids hair. 3 boys every month...60 min total to cut + 10 min clean up.

Pro tip: masking tape with a little vegetable oil for straight mohawk lines.
by jerkstore
Fri Apr 05, 2019 9:43 am
Forum: Personal Investments
Topic: Ohio 529 any experience with this plan?
Replies: 23
Views: 1690

Re: Ohio 529 any experience with this plan?

We've used the Ohio CollegeAdvantage plan for 12 years now for 3 kids. They have Vanguard age based funds, which I like. The age based funds are something like 100% stocks at birth, to 50/50 at 12yr old and 90% bonds at 18. It's easy. Also the website has 2 factor authentication for login, which I a...
by jerkstore
Thu Apr 04, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 75
Views: 6500

Re: Landlord looking to buy out my lease. Whats a reasonable price?

The value calculated to them or to you? To you, inconvenience $$ To them, delayed project $$$$ Value to You: You have an expected benefit of $600.00/month for 4 months based upon your lease (2800 FMV less lease rate 2200 = 600 x 4 = $2400). That is your current position. 2400 expected benefit 1500 m...
by jerkstore
Fri Dec 21, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: What will be the low for the S&P 500?
Replies: 87
Views: 9080

Re: What will be the low for the S&P 500?

Think anything below 2000 is very optimistic, without an economic recession.

So I'll say 2080, but hoping for lower. :sharebeer
by jerkstore
Fri Dec 21, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22920
Views: 3006546

Re: U.S. stocks in free fall

Bought VTI today @ 124.78 - the lowest i've paid since April 2017. :sharebeer
by jerkstore
Thu Oct 25, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: When is moonlighting not moonlighting?
Replies: 22
Views: 2040

Re: When is moonlighting not moonlighting?

No way can you do this, even if you do separate calls. Your Company A customers are going to find that extremely odd and one of them will surely rat you out and complain. Then, even if for some weird reason Company A said it was OK (which they won't), they will change their mind because it's aggrav...
by jerkstore
Sat Oct 20, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 7083

Re: Pull kids from school for vacations?

Did it 5 times with 3 kids. All 1 week in Jan/Feb while they were in elementary school. No regrets...great times. Highly recommend. Just notified teachers in advance and took the school work with us. Kids did it on the flights. I would also reconsider if they struggled academically. Currently the ol...
by jerkstore
Mon Oct 01, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 24
Views: 2110

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

As explained to me by my broker, the term is a rate lock from the insurer, but the employer may terminate at any time. So the "contract" as you describe, would be the insured must pay premiums, and the insurer must keep coverage at those rates for the term. But, the insured can exit at an...
by jerkstore
Fri Sep 21, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 24
Views: 2110

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

Legal but slimy. Everyone will have a different perspective on this. But from my perspective, 25%+ annual rate hikes are slimy. I'm merely being a prudent shopper. Any deferred or reduced rate hike I can find is shared with my employees in their contributions. I'm sure the insurance companies have ...
by jerkstore
Fri Sep 21, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 24
Views: 2110

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

As explained to me by my broker, the term is a rate lock from the insurer, but the employer may terminate at any time. So the "contract" as you describe, would be the insured must pay premiums, and the insurer must keep coverage at those rates for the term. But, the insured can exit at an...
by jerkstore
Fri Sep 21, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 24
Views: 2110

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

As explained to me by my broker, the term is a rate lock from the insurer, but the employer may terminate at any time. So the "contract" as you describe, would be the insured must pay premiums, and the insurer must keep coverage at those rates for the term. But, the insured can exit at any...
by jerkstore
Thu Sep 06, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 6324

Re: To Be or Not to Be...Married

Marriage is a legal contract with the government, not the commitment you make to each other. Your commitment is what you decide it is. Marriage is just a piece of paper. I know this is an unpopular opinion, but like the OP, my significant other and I are on the same page about what it means. My hus...
by jerkstore
Tue Jul 17, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 8532

Re: Families - What's your total annual credit card spend?

$26k in the last 12 months. Family of 5. Everything that can go on, does.
by jerkstore
Sat Jul 14, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 64
Views: 6950

Re: Should we sell our business?

Having sold my business last year and retired I have a few points to make. 1. You don't seem to have been burned out by "work". So there is no reason to take less than $2 Million (if you think that's the right number) even if people suggest that $2 Million is not a fair value. The worst c...
by jerkstore
Sat Jan 06, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: Gambling vs Investing
Replies: 23
Views: 2593

Re: Gambling vs Investing

The only thing I can think of that the two have in common is risk. They are fundamentally different. Gambling is a zero sum game (win-lose), investing is not....value is being created (win-win). There's also ownership, dividends, and rights (voting, protection, public financials, etc.). It's silly t...
by jerkstore
Sat Jan 06, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Splitting Assets in Divorce
Replies: 54
Views: 7976

Re: Splitting Assets in Divorce

6. Any other advice for me? Seek an attorney. If your state offers dissolution, then you both basically agree upon all the details of a plan (asset split, child support, custody, visitation, etc.), and submit it to the court for entry/approval. Even in that situation, you both should have an attorn...
by jerkstore
Sat Jan 06, 2018 6:21 am
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 160
Views: 21882

Re: Misuse of adverse when averse was meant

Bogleheads: I understand that when I see poor English verbiage on the forum it is probably because the writer had a poor education (not their fault) or, more likely, is a citizen whose English is not their first language. I have admiration for anyone who has mastered proper English. I have trouble ...
by jerkstore
Thu Nov 23, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 6016

Re: Public or Montessori Private School

My 3 boys are in public schools. The school system is a good suburban district with about 18,000 students. 2 of them have been identified as "Gifted" through 3rd grade testing, and were invited to a self contained gifted class at a school different than their original elementary. The testi...
by jerkstore
Sun Nov 05, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: What are your thoughts on buying a car wash? Good investment or is there a catch?
Replies: 46
Views: 6600

Re: What are your thoughts on buying a car wash? Good investment or is there a catch?

I would stay clear unless you're certain about the numbers and knowledgeable about the industry. There are several types of businesses that are always for sale from bus. brokers, and car wash is one of them. There is ALWAYS a car wash for sale. I don't want to buy a business that many owners are try...
by jerkstore
Sat Oct 28, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in Jan/Feb?
Replies: 25
Views: 3115

Re: Vacation ideas in Jan/Feb?

I've done Naples twice in the last year. Great area and beaches. Lots to do. Marco Island is about 45 min south of Naples...I took my kids (boys 7, 9, 11) on a fishing trip in the bay area. We caught and ate shark, which was a blast. Also, we did a boat trip to Keewaydin Island off Marco - great she...
by jerkstore
Fri Oct 20, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 7353

Re: I have to fire someone that I care about personally

1) Absolutely do it face to face. This is the respectful and decent thing to to do. 2) Don't discuss it with others, or as few as people as possible, before firing that person. No one wants to find out later that everyone else knew before they did. This is also a matter of respect. 3) After you sit ...
by jerkstore
Thu Sep 28, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Good camping sleeping pad
Replies: 20
Views: 1966

Re: Good camping sleeping pad

You can spend $100-$200 on these. I bought a Lightspeed PVC self-inflating 3" thick with an R Value of 5.6 from Amazon for $50.00 Only used it 3 times, so far so good. My BIL visited recently and we were discussing camping...and he happened to have his Thermarest $100 pad with him. We set them ...
by jerkstore
Sun May 07, 2017 5:51 am
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 4749

Re: First 100 mile bike ride

I don't have those types of hills. 1) I would ramp up with a 75mile - ish ride before 100. But I when I ride I expect to enjoy it. I'm not interested in shocking my body with large leaps in mileage or elevation. 10-20% increases at a time. A person can go from 50 to 100, but yuck. 2) Vaseline on you...
by jerkstore
Tue Apr 18, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 11878

Re: Can I afford private school for my kids?

my question is if I can afford it for one or both children without putting my family and future at financial risk With 1 income, the answer entirely depends on your job security. Yes you can swing it, but this isn't the type of thing you want to undo if your income changes. What is the risk that yo...
by jerkstore
Tue Feb 28, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Ugh, why is buying a new car so painful?
Replies: 75
Views: 12083

Re: Ugh, why is buying a new car so painful?

I bought my last two cars online. Price, color, features agreed to before stepping on the lot. All done through email no phone calls. Quick test drive, and then sign paperwork. Many dealerships sell more cars online and cater to this side of the business. Find those type of dealers. It's more import...
by jerkstore
Tue Feb 14, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Kids in Apartment Sharing Bedroom - Workable?
Replies: 55
Views: 5201

Re: Kids in Apartment Sharing Bedroom - Workable?

Have 3 boys: 6, 8, 10. 6 & 8 share a room, bunkbed since they were 2&4. Before that the middle and oldest shared the bunkbed, and youngest had his own room until 2 y.o. There are times I wish we had another bedroom, but not enough to buy a new house (yet). I would keep the newborn in your be...
by jerkstore
Tue Feb 07, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Barcodes on statements... What are they for?
Replies: 8
Views: 3665

Re: Barcodes on statements... What are they for?

We are in the process of going through our files and getting rid of old statements. My dh thinks we have to grind everything that has a barcode on it even if no other identifying information. I think that if anyone rifled through our recycling they could not steal our identity or our accounts with ...
by jerkstore
Mon Feb 06, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws Estate Planning - Wisdom Wanted
Replies: 50
Views: 3709

Re: In-Laws Estate Planning - Wisdom Wanted

OP, there is no problem here. You are making one. Do your spouse a favor and don't take your burdened thoughts to her. She views her parents with trust. Obviously the parents care a lot about their children and were wise enough to save something for an inheritance. They sound like good people. Assum...
by jerkstore
Fri Feb 03, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing 4 Family House for Rental Income
Replies: 34
Views: 3517

Re: Purchasing 4 Family House for Rental Income

I guess somebody has to say it, but getting tied up in a 20 year financial deal with three other guys is absolutely insane. The issue has nothing to do with the financial merits of owning and renting that particular property. Appreciate it, were all young guys in our late 20s with defined benefit p...