Search found 1546 matches

by vitaflo
Wed Apr 21, 2021 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving Corporate for my own LLC
Replies: 11
Views: 772

Re: Leaving Corporate for my own LLC

I've left the corporate world to start my LLC well over a decade ago, and while everyone's situation in this transition is different, here's my thoughts: - You are smart to have ramped up your biz before you decide to leave the corporate world. Many people don't and have a much harder time. You'll h...
by vitaflo
Wed Apr 21, 2021 12:18 pm
Forum: Investing - Theory, News & General
Topic: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]
Replies: 45
Views: 4302

Re: Hit Millionaire Status!

My question is did any of you shift when you hit a certain amount in retirement accounts to aggressively fund other goals. Paying off your house, funding college, investing in taxable account for money to fund early retirement, buy rental properties etc? May just be more of a feeling of change in p...
by vitaflo
Thu Apr 15, 2021 1:44 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 148
Views: 13839

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Why do all this when you could just skip the middle man (and the depreciation man) and buy a 3 year old car for $15k? If you're planning on buying the 3 year old car when the lease is up anyway, why bother with the lease portion?
by vitaflo
Wed Apr 14, 2021 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4829

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

You live in frozen tundra basically. Even if you managed to cut the higher bill in half, it would still take you 3 years to break even on the upfront cost of the insulation Longer than that. OP doesn’t have a $170 gas bill in the summer. Insulation is also effective in the summer when running the A...
by vitaflo
Tue Apr 13, 2021 4:47 pm
Forum: Investing - Theory, News & General
Topic: International is in meltdown
Replies: 417
Views: 36269

Re: International is in meltdown

That pretty much sums it up the argument for why always international. There's no true answer there. The more interesting question is whether international makes sense this year in particular. I happen to think the dollar will downtrend later this year, which usually will make emerging markets more...
by vitaflo
Tue Apr 13, 2021 3:57 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19329

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

And if you love skiing, say, or windsurfing, it's best to live somewhere where you can ski or windsurf (or its not too taxing to get to either). Set those aside. If you are not happy with yourself, moving will not change things. This is what I've come to realize. We live in MN so if we moved litera...
by vitaflo
Wed Apr 07, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to resolve tax disagreement with my CPA?
Replies: 28
Views: 4370

Re: How to resolve tax disagreement with my CPA?

As my accountant says when we discuss tax law that seems to have a gray area, "there's a reason tax lawyers exist". The laws are not always black and white, as seems to be the case here. Usually if these kinds of situations come up with my accountant we discuss the rules on the books and a...
by vitaflo
Mon Apr 05, 2021 12:52 pm
Forum: Personal Consumer Issues
Topic: binoculars advise
Replies: 29
Views: 1718

Re: binoculars advise

I agree with others, do not buy 10x if you do not have a support for them (IE, something other than your hands). 8x is as high as you should go with handheld binoculars IMO.

I like the Vortex brand personally.
by vitaflo
Fri Apr 02, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9305

Re: Do you trust the current value of your portfolio?

I've thought about this because it seems logical that if you would have reached your "number" during a market crash you would have had more than your number before the crash. So people almost always will reach their number on the upswing and of course that can cause concern if you get the...
by vitaflo
Fri Apr 02, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: WFH Light a "FIRE" in anyone else?
Replies: 20
Views: 3153

Re: WFH Light a "FIRE" in anyone else?

The people that love this are introverts. Don't disagree but the introverts will say that working in-person is remotely inefficient because there are too many distractions. It's almost as if everyone is different and we all have different ways to be the most productive and one size doesn't fit ever...
by vitaflo
Fri Apr 02, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9305

Re: Do you trust the current value of your portfolio?

I've thought about this because it seems logical that if you would have reached your "number" during a market crash you would have had more than your number before the crash. So people almost always will reach their number on the upswing and of course that can cause concern if you get ther...
by vitaflo
Wed Mar 31, 2021 9:36 am
Forum: Personal Finance (Not Investing)
Topic: S-Corporation - Stockholders and Board of Directors Meeting
Replies: 6
Views: 294

Re: S-Corporation - Stockholders and Board of Directors Meeting

With my previous S-Corp, the partners just met privately once per year and jotted down the minutes. Nothing formal, no lawyers involved. We of course had a lawyer for lawyering-things but getting them involved for keeping minutes for a directors meeting was not part of that. For a small biz like our...
by vitaflo
Tue Mar 30, 2021 9:26 am
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 171
Views: 12890

Re: In what condition, will international significantly overperform US?

So I am trying to understand, outside of US currency losing its world reserve status, what other conditions will cause US to significantly underperform the world? The US is already starting to lose its reserve status in some ways. The reserve status was originally mostly tied to oil, and many count...
by vitaflo
Sun Mar 28, 2021 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Having Analysis Paralysis
Replies: 10
Views: 1210

Re: Having Analysis Paralysis

If there was ever a time to sell a house you don't need, now would be the time.
by vitaflo
Mon Mar 22, 2021 4:02 pm
Forum: Investing - Theory, News & General
Topic: Michael Burry Hyper-Inflation Warning
Replies: 35
Views: 3902

Re: Michael Burry Hyper-Inflation Warning

He compares potential future US hyperinflation to German hyperinflation of the 1920's but I'm not sure why they would be related. Germany went into debt to fund world war I, and assumed they could pay off the debt by winning. Of course they lost that bet, and not only couldn't afford to pay off the ...
by vitaflo
Sat Mar 20, 2021 7:24 pm
Forum: Personal Consumer Issues
Topic: REAL ID still set to be effective Oct 1 2021
Replies: 109
Views: 7371

Re: REAL ID still set to be effective Oct 1 2021

When I got my Real ID driver's license, the documentation requirements to get the license were stringent. There were three separate lists of documents and you had to bring one from each of the three categories. This is exactly why I didn’t bother with real ID. It’s actually easier to just get a pas...
by vitaflo
Wed Mar 17, 2021 1:51 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29785

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

Here's the SWR (referred to as SAFEMAX) from the Pfau's analysis of international data that referred to in OP's article and by several posters. Just so everyone is on the same page. A few note: - Based on 50/50 stock/bond allocation - Worse years (SAFEMAX Year) clustered around 1937 - 1940 (WWII) a...
by vitaflo
Wed Mar 17, 2021 1:35 pm
Forum: Personal Consumer Issues
Topic: How do you determine consulting hourly rate?
Replies: 15
Views: 1191

Re: How do you determine consulting hourly rate?

It's normal to double it. So if you're making $100k in salary, your rate would be $100/hr. I've been consulting for over a decade, and this is always the math I've used and it's worked out well for me. Of course the real answer is "as high as you can get away with" but doubling is pretty c...
by vitaflo
Wed Mar 17, 2021 12:55 pm
Forum: Personal Consumer Issues
Topic: Network flaw allows SMS hijacking
Replies: 26
Views: 2085

Re: Network flaw allows SMS hijacking

Concerning. But for clarification, the hacker would have to know your phone number, where your account was held, and what your username was to get anywhere with this, right? If so, that's not impossible, but pretty unlikely. Which is why it can be a good idea to use different usernames for differen...
by vitaflo
Wed Mar 17, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: How To Provide Feedback to Amazon About Their Website
Replies: 24
Views: 1907

Re: How To Provide Feedback to Amazon About Their Website

Most tech companies modify their UI/UX based on analytics and A/B testing in order to maximize revenue and engagement. Amazon taking away these totals from this view is most likely very deliberate. Telling them you want it back will mean nothing because they've already proven they are better off fin...
by vitaflo
Tue Mar 16, 2021 3:27 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 107
Views: 8677

Re: How much do you weigh your homes value in your retirement portfolio?

If my home value were very expensive and my plan at retirement was to move into a house that was very not expensive, I may add the delta of those two values to my portfolio's value. Otherwise I wouldn't. It's about as simple as that.
by vitaflo
Tue Mar 16, 2021 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 5991

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

It's probably Alaska, given there's no income tax, and everyone gets a dividend every year from the state. Of course, prices of goods is through the roof given the remote location, so taxes aren't everything.
by vitaflo
Mon Mar 15, 2021 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do SEP Iras not count as a tax break? Need some advice...
Replies: 22
Views: 1200

Re: Do SEP Iras not count as a tax break? Need some advice...

However, I will owe about $22k in federal taxes. (!!!) Given my income, does this seem right? I have savings, but I had thought that putting 20k into a SEP account would significantly lower the taxes due... it only lowered it by about $4k. I am wringing my hands at the thought of paying this massiv...
by vitaflo
Mon Mar 15, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do SEP Iras not count as a tax break? Need some advice...
Replies: 22
Views: 1200

Re: Do SEP Iras not count as a tax break? Need some advice...

However, I will owe about $22k in federal taxes. (!!!) Given my income, does this seem right? I have savings, but I had thought that putting 20k into a SEP account would significantly lower the taxes due... it only lowered it by about $4k. I am wringing my hands at the thought of paying this massiv...
by vitaflo
Sat Mar 13, 2021 1:15 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 151
Views: 9914

Re: What are your travel plans in 2021 and beyond?

We're planning a 6-8 state road trip in early May through the Dakotas, Wisconsin, Kansas, Missouri, etc. South Dakota is the only state I haven't been to. We won't have our vaccines by then. The flight from LAX to ORD is only $98 return. It's the rental car that's killing us, even away from the air...
by vitaflo
Sat Mar 13, 2021 12:46 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 151
Views: 9914

Re: What are your travel plans in 2021 and beyond?

No travel plans in 2021, the entire country is going to be a zoo with everyone traveling everywhere. We're waiting until 2022 when people have blown all their stimulus checks and the crowds have died down.
by vitaflo
Sat Mar 13, 2021 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus Check First and Second: Do I need to pay back with my 2020 tax return?
Replies: 4
Views: 708

Re: Stimulus Check First and Second: Do I need to pay back with my 2020 tax return?

The government does not claw back stimulus paid to you. If you were paid, you will not have to return it or pay taxes on it, even if you were technically not supposed to receive it. Count your blessings.
by vitaflo
Wed Mar 10, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Selling or Trading in an Old Computer
Replies: 27
Views: 2188

Re: Selling or Trading in an Old Computer

I always run my drives encrypted. When I go to sell I wipe them and of course set them as unencrypted for the new user. But since they were encrypted prior, if anyone is looking to somehow dig around in deleted data (infinitesimally small chance), they're only going to find encrypted data anyway and...
by vitaflo
Wed Mar 10, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7052

Re: Is it worth building your dream house?

The OP does not contain the word "custom". I am also thinking there is quite a regional disconnect with regards to custom. My guess is when most people consider building their dream home, it's a custom build with rounds of architect designs and the like, not a modified builders plan. Prob...
by vitaflo
Wed Mar 10, 2021 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7052

Re: Is it worth building your dream house?

The OP does not contain the word "custom". I am also thinking there is quite a regional disconnect with regards to custom. My guess is when most people consider building their dream home, it's a custom build with rounds of architect designs and the like, not a modified builders plan. Prob...
by vitaflo
Tue Mar 09, 2021 10:27 am
Forum: Personal Consumer Issues
Topic: Buying new car, need some advice
Replies: 38
Views: 3224

Re: Buying new car, need some advice

Most dealerships these days don't make money on the cars themselves, they make them on the options, financing and especially in the service center. As such they're more interested in selling as many cars as possible, instead of making the most on each car sold. So the typical negotiation process isn...
by vitaflo
Mon Mar 08, 2021 12:22 pm
Forum: Personal Consumer Issues
Topic: 10 day road trip vacation around Lake Michigan
Replies: 31
Views: 2470

Re: 10 day road trip vacation around Lake Michigan

Personally, I would also replace Two Rivers, WI with another destination - perhaps a couple of days in Door County (though I would avoid it on weekends in the summer). Agreed, skip Two Rivers, go to Door County instead. A LOT more to do and see there, especially if you like hiking, nature, sight se...
by vitaflo
Wed Mar 03, 2021 1:19 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 21870

Re: How crazy is it to hold 100% equities until retirement? (ERN)

I don't know if it's crazy, but the expectation that someone who is 100/0 for decades and has had success with it will suddenly go to something much more conservative at retirement does seem a little crazy. I would expect that person to enter retirement with a much more aggressive portfolio than is ...
by vitaflo
Wed Feb 24, 2021 10:08 am
Forum: Personal Consumer Issues
Topic: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...
Replies: 40
Views: 1960

Re: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...

I don't think the problem is the Fit; the problem is driving 800 miles a day on secondary roads (or interstates for that matter.) Dial it back to 200-300 or so and you're done. It's a road trip: the idea is to stop and look at things you find on the road along the way. Well, that's after the pandem...
by vitaflo
Tue Feb 23, 2021 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13379

Re: Best decision(s) in your financial life

Starting a business. Increased income by 4x. Income trumps everything.
by vitaflo
Mon Feb 22, 2021 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Is a Lexus RX 350 big enough for a family of 3?
Replies: 48
Views: 2958

Re: Is a Lexus RX 350 big enough for a family of 3?

The 2015 and earlier Lexus RX350 had 40 cubic feet of cargo space behind the second row, the 2016 and newer Lexus RX350, has only 16 cubic feet. Does anyone with a newer version feel it has adequate room? Wow, that's 20% less room than my VW GTI. Just goes to show that a car the looks big on the ou...
by vitaflo
Sat Feb 20, 2021 7:06 pm
Forum: Personal Investments
Topic: Why do I never see a 50/50 split on this site or other sites?
Replies: 45
Views: 4289

Re: Why do I never see a 50/50 split on this site or other sites?

I've wondered about it too. The origins of the "60/40" portfolio continue to be a little mysterious to me. Here’s a fun thing to do at portfolio visualizer. Go to optimal asset allocation (portfolio optimization) and choose maximize return subject to 10% standard deviation. Choose assets ...
by vitaflo
Sat Feb 20, 2021 6:43 pm
Forum: Personal Investments
Topic: Why do I never see a 50/50 split on this site or other sites?
Replies: 45
Views: 4289

Re: Why do I never see a 50/50 split on this site or other sites?

Mike Scott wrote: Sat Feb 20, 2021 6:35 pm There is at least one 50/50 balanced fund readily available and most of the target date glide path funds are going to cross a 50/50 point somewhere you could buy.
All of the Vanguard Target Date funds hit 50/50 on the date of the fund. IE, Target 2030 will hit 50/50 in 2030.
by vitaflo
Sat Feb 20, 2021 6:22 pm
Forum: Personal Investments
Topic: Why do I never see a 50/50 split on this site or other sites?
Replies: 45
Views: 4289

Re: Why do I never see a 50/50 split on this site or other sites?

60/40 (and other 20% variations) probably stem from thinking it takes 20% to make a real difference. I think this is it. It's also easier to show the differences in backtesing various portfolios this way and then there's only 6 portfolios to backtest. I do think 50/50 is the easiest mentally for pe...
by vitaflo
Mon Feb 15, 2021 8:04 pm
Forum: Personal Consumer Issues
Topic: Busted water pipe, now what? Help a Texan out.
Replies: 187
Views: 14203

Re: Busted water pipe, now what? Help a Texan out.

Up North we have a shut off about a foot inside the house for each outside hose bib, even the frost free type. Turn off each fall for the winter equals no problems. And where I live there are bleeder screws to help purge all the water from the hose bib piping. Since some of the pipe to my bib goes ...
by vitaflo
Mon Feb 15, 2021 4:09 pm
Forum: Investing - Theory, News & General
Topic: Japan’s Nikkei 225 briefly crosses 30,000 for first time in more than three decades
Replies: 50
Views: 4178

Re: Japan’s Nikkei 225 briefly crosses 30,000 for first time in more than three decades

I guess Japanese investors just had to hold on for 30 years! As a millennial who only started investing about 7 years ago, the Japanese market has looked pretty good to me! Funny what playing with time windows and DCA will do to change one's perception of an investment, haha. This is a good point. ...
by vitaflo
Sun Feb 14, 2021 5:10 pm
Forum: Personal Consumer Issues
Topic: how much do you budget car repairs/home repairs for?
Replies: 37
Views: 4727

Re: how much do you budget car repairs/home repairs for?

I don't budget, but probably because the costs have been minimal for both. I probably spend ~$100 on car maintenance per year, and we've spent probably $4k on home repairs over the past decade.

It's low enough that I don't really think about it.
by vitaflo
Sat Feb 13, 2021 7:30 pm
Forum: Investing - Theory, News & General
Topic: The premise of the "emergency fund" is flawed
Replies: 559
Views: 33271

Re: The premise of the "emergency fund" is flawed

"A separate emergency fund that one will deplete in an emergency is unnecessary and a behavioral pitfall in any circumstance that I could think of. A much better way is to simply consider the emergency fund as part of the fixed income allocation." Doesn't work for me as my fixed income/bo...
by vitaflo
Fri Feb 12, 2021 6:03 pm
Forum: Investing - Theory, News & General
Topic: What happens if you retire using the 4% rule and the market crashes 40%+ the next week
Replies: 113
Views: 8796

Re: What happens if you retire using the 4% rule and the market crashes 40%+ the next week

The thing that really bugs me is why people can't just call it a "rule of thumb " and be done. It is a perfectly good rule of thumb for planning . It's insane to try to calculate whether the accurate value is really 3.75% or 4.2%. A problem, I think, is that SWR theorists and advisors fee...
by vitaflo
Wed Feb 10, 2021 4:52 pm
Forum: Personal Consumer Issues
Topic: Anyone else like having passwords that they can remember?
Replies: 65
Views: 3773

Re: Anyone else like having passwords that they can remember?

I use an algorithm I came up with, so all my passwords are easily stored in my brain. They're very long and unique and use no actual words at all (or anything that looks like words). I also use 2FA wherever I can. That's enough for me. Never saw a use for a password manager. You are an exception. M...
by vitaflo
Wed Feb 10, 2021 2:29 pm
Forum: Personal Consumer Issues
Topic: Space X Starlink Internet
Replies: 118
Views: 8166

Re: Space X Starlink Internet

I don't suppose there are "coverage maps" or similar for this? I understand the whole system is still in its infancy, but this looks like a great option for some of the northern New England locations I have been real estate shopping. No internet and/or cell coverage is often the norm. htt...
by vitaflo
Wed Feb 10, 2021 2:25 pm
Forum: Personal Consumer Issues
Topic: Anyone else like having passwords that they can remember?
Replies: 65
Views: 3773

Re: Anyone else like having passwords that they can remember?

I use an algorithm I came up with, so all my passwords are easily stored in my brain. They're very long and unique and use no actual words at all (or anything that looks like words). I also use 2FA wherever I can. That's enough for me. Never saw a use for a password manager.
by vitaflo
Tue Feb 09, 2021 8:03 pm
Forum: Personal Consumer Issues
Topic: Space X Starlink Internet
Replies: 118
Views: 8166

Re: Space X Starlink Internet

Friend of mine has it out in the country where the only other option is slow DSL. The speeds (up, down and ping) are quite impressive. If I remember he gets 100mb down, 20mb up and about 30ms ping. This is better than what I get on cable. Right now your friend has two internet options. If starlink ...
by vitaflo
Tue Feb 09, 2021 4:18 pm
Forum: Personal Consumer Issues
Topic: Space X Starlink Internet
Replies: 118
Views: 8166

Re: Space X Starlink Internet

I didn't realize they tied your access to a location. That's a bummer because I think one of the biggest features of this could be the mobile high speed internet access literally anywhere any time. Keep in mind they're working at distances of 300 miles or more, rather than single digit miles as mob...
by vitaflo
Tue Feb 09, 2021 11:58 am
Forum: Personal Consumer Issues
Topic: Space X Starlink Internet
Replies: 118
Views: 8166

Re: Space X Starlink Internet

I thought since so many scientists in remote place were the earliest beta testers it would all be mobile, but evidently tying you to one place is part of controlling access during roll out. I didn't realize they tied your access to a location. That's a bummer because I think one of the biggest feat...