Search found 966 matches

by chipperd
Fri Apr 09, 2021 4:31 am
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1254

Re: New or Used: car purchase

> Basically need decent fuel milage, off roadability, comfort, and room to haul stuff around Strong off-road ability goes along with poor gas mileage. Hate to say it, but this might be an excellent use case for a 4runner. If you're gonna have poor gas mileage you might as well have reliability. ouc...
by chipperd
Thu Apr 08, 2021 5:52 pm
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1254

Re: New or Used: car purchase

The Jeep has worked well, but the engine is ticking loudly in the valvetrain. Feels like the trans is going out too. You need more information about what is wrong and how much it would be to fix it. In the worst case putting a rebuilt engine and transmission into it would worth considering compared...
by chipperd
Thu Apr 08, 2021 11:54 am
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5518

Re: Repair or Replace 2003 Toyota Corolla

At 136,000 miles, that car is still a teenager and has more miles left in it... 300K miles is not unusual for a well cared for Corolla. Where are people getting the highlighted info above? I can't find it anywhere, in fact: Repairs won't stop at the list you posted (lots of rubber based parts in th...
by chipperd
Wed Apr 07, 2021 5:39 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5518

Re: Repair or Replace 2003 Toyota Corolla

Well, if you buy a new-to-you used car, it too will come with a history that could be good or bad. You know the history of your car. At 136,000 miles, that car is still a teenager and has more miles left in it... 300K miles is not unusual for a well cared for Corolla. Are those action items from th...
by chipperd
Mon Apr 05, 2021 4:31 am
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5518

Re: Repair or Replace 2003 Toyota Corolla

Dear Bogleheads, I would like to seek your help in making a decision, especially from those who know cars well. I have a 2003 Toyota Corolla with 136,000 miles. This is my only car. I was planning to buy a new car at the end of the year and give Corolla to my daughter early next year when she turns...
by chipperd
Sun Apr 04, 2021 10:14 am
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

I have been monitoring my investment portfolio + 401k portfolio for a long time - keeping track of the the monthly balances. Usually I am lucky to get a 10% total gain in investment returns for a year - but the past year has a return so great that I have calculated that it has accelerated my expect...
by chipperd
Sat Apr 03, 2021 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Job Dilemma
Replies: 54
Views: 5389

Re: Job Dilema

I'm thinking similarly about your situation as JoeRetire: OP: you mentioned your FIRE number so that insinuates this is important to you (might want to rephrase as FI number unless you plan to not work at all?). IMHO: If FIRE/FI outweighs all other goals, then take job #2. If anything other than FIR...
by chipperd
Fri Apr 02, 2021 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12183

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

The let-the-kid-decide crowd is not being realistic since no teenager has one iota of knowledge of what heavy debt does to life choices. The kid would be making the decision with zero information. Not a way to enter a contract. IMO, if your children reach high school graduation without at least a f...
by chipperd
Fri Apr 02, 2021 4:53 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12183

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

The let-the-kid-decide crowd is not being realistic since no teenager has one iota of knowledge of what heavy debt does to life choices. The kid would be making the decision with zero information. Not a way to enter a contract. IMO, if your children reach high school graduation without at least a f...
by chipperd
Fri Apr 02, 2021 4:26 am
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12621

Re: Shopping for college

Most schools, especially those without a specific alternative mission like serving a specific religious denomination, are continually striving to move upwards in national rankings, prestige, endowments, and so forth. They are continually measuring themselves against the peer institutions with whom ...
by chipperd
Tue Mar 30, 2021 4:11 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12621

Re: Shopping for college

Interesting conclusion (highlighted) that I don't entirely agree with based on our experience. I do think some get more merit vs others based on something other than GPA/SAT/ACT/niche talent, but not a vast majority. Many get little to no merit b/c the school's admissions office can't justify givin...
by chipperd
Tue Mar 30, 2021 4:05 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12621

Re: Shopping for college

Interesting conclusion (highlighted) that I don't entirely agree with based on our experience. I do think some get more merit vs others based on something other than GPA/SAT/ACT/niche talent, but not a vast majority. Many get little to no merit b/c the school's admissions office can't justify givin...
by chipperd
Tue Mar 30, 2021 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Remote working situation - questions
Replies: 18
Views: 2015

Re: Remote working situation - questions

I'm wondering what is the best course of action. Been at my current job for 8 months now. I think I want to stay on at my current position for at least another year so A) should I try to see if they are open to fully remote right away (if they are then I would move as soon as my apartment lease is ...
by chipperd
Tue Mar 30, 2021 5:35 am
Forum: Non-US Investing
Topic: How to treat semi-retirement?
Replies: 3
Views: 671

Re: How to treat semi-retirement?

I used many online calculators to figure out our retirement plan and while the one I'll link below isn't a Monte Carlo type simulator, it does have ways to plug in many different income levels at various points currently and going forward. Also has places for you to input spending need decreases. I ...
by chipperd
Tue Mar 30, 2021 5:14 am
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12621

Re: Shopping for college

Interesting conclusion (highlighted) that I don't entirely agree with based on our experience. I do think some get more merit vs others based on something other than GPA/SAT/ACT/niche talent, but not a vast majority. Many get little to no merit b/c the school's admissions office can't justify givin...
by chipperd
Mon Mar 29, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12621

Re: Shopping for college

Good news! College applications and future enrollment are down for the 2021-2022 school year. Competition should be less fierce. Yeah, I think we are seeing that in the college application process too. Several of the mid-tier schools to which my daughter applied have moved up admissions notificatio...
by chipperd
Mon Mar 29, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Retiring at 54
Replies: 66
Views: 12357

Re: Retiring at 54

:oops: Retirement is a chance to take control over your life, simplify, and live the life you want. I'm going to assume that you have figured $188,000/year pre tax is enough to support your lifestyle ($4,700,000 x .04= $188,000 pre tax: If that assumption is incorrect, my response changes) As you re...
by chipperd
Mon Mar 29, 2021 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Retiring at 54
Replies: 66
Views: 12357

Re: Retiring at 54

Retirement is a chance to take control over your life, simplify, and live the life you want. I'm going to assume that you have figured $188,000/year pre tax is enough to support your lifestyle ($4,700,000 x .04= $188,000 pre tax: If that assumption is incorrect, my response changes) As you realized ...
by chipperd
Mon Mar 29, 2021 4:30 am
Forum: Personal Finance (Not Investing)
Topic: ARM 5 year 1.65% Jumbo would you?
Replies: 14
Views: 1374

Re: ARM 5 year 1.65% Jumbo would you?

surfstar wrote: Sun Mar 28, 2021 5:04 pm Why?

Just because you can do something, doesn't mean you should.
+1. I don't see any justification to pay out $23,000 in closing costs in the OP's post, nor do I read any need to have an additional $900k liquid.
by chipperd
Thu Mar 25, 2021 5:48 pm
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2646

Re: son to major in Business, advice on specialization requested

Yeah, I worked for one of the Big 4 for three years and then moved on. You will learn a ton in a few short years at one of the Big 4 firms. You either decide to move on at that point or decide that you are going hang around to see if you can become a partner. If you don't mind me asking, how many h...
by chipperd
Thu Mar 25, 2021 5:47 pm
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2646

Re: son to major in Business, advice on specialization requested

Your son will likely figure out what he wants to do if he follows a similar path my son is on. My son is mid 20s and he got a Finance Degree from a highly ranked regional university. (I'm not suggesting a Finance degree at all, probably something in the business school IT related may have made more...
by chipperd
Thu Mar 25, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48060

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

There was recently a thread about the cost to live a middle-class lifestyle in a VHCOL area. I posted that I’m a teacher in the Bay Area and my wife is a stay-at-home parent and we’re saving half our income. People began questioning how that could be but the thread was derailed and shut down before...
by chipperd
Thu Mar 25, 2021 5:31 pm
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2646

Re: son to major in Business, advice on specialization requested

Accounting may be boring for folks like you and me, but my son has really strong math skills with a love of the business world and leverdged that into a large merit scholarship from a business school an accounting major. Now he's a junior with high paying, upcoming internship at PWC this summer and...
by chipperd
Thu Mar 25, 2021 5:20 pm
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2646

Re: son to major in Business, advice on specialization requested

Accounting may be boring for folks like you and me, but my son has really strong math skills with a love of the business world and leverdged that into a large merit scholarship from a business school an accounting major. Now he's a junior with high paying, upcoming internship at PWC this summer and...
by chipperd
Thu Mar 25, 2021 9:42 am
Forum: Personal Consumer Issues
Topic: son to major in Business, advice on specialization requested
Replies: 60
Views: 2646

Re: son to major in Business, advice on specialization requested

Accounting may be boring for folks like you and me, but my son has really strong math skills with a love of the business world and leverdged that into a large merit scholarship from a business school an accounting major. Now he's a junior with high paying, upcoming internship at PWC this summer and ...
by chipperd
Thu Mar 25, 2021 9:37 am
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3768

Re: Advice on not stressing closer to retirement

Remember to trust the math and continue to think long term. To that end, we have 5 years living expenses in cash/liquid. Sure, it may not keep up with inflation, but it's our insurance policy and keeps the day to day market movements in perspective. Consider a cash buffer of x#years that will keep y...
by chipperd
Wed Mar 24, 2021 5:36 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12183

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

WPI is a great school. Our clan liked it better than RPI. National rankings can be, and are, manipulated by admissions. I toured WPI with two of my three over the past three years both of whom wanted a STEM focused school. Neither wound up attending, but WPI did offer some things others don't that h...
by chipperd
Tue Mar 23, 2021 12:22 pm
Forum: Personal Consumer Issues
Topic: Overthinking my Lawnmower Purchase (Push vs. Riding)
Replies: 56
Views: 2904

Re: Overthinking my Lawnmower Purchase (Push vs. Riding)

If you still have your older walk behind, how about buying the rider for the front and use the push for the back?
by chipperd
Fri Mar 19, 2021 11:29 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29505

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

same story, initial bond yield argument. https://www.advisorperspectives.com/articles/2021/03/15/the-false-promise-of-u-s-historical-returns-1#:~:text=Relying%20on%20only%20historical%20U.S.,%2Dthan%2Daverage%20equity%20returns. Just to clarify, the authors of the above articles are NOT some fringe...
by chipperd
Wed Mar 17, 2021 5:18 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29505

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

If you are going to make an argument from authority for this paper by citing Michael Finke's "renowned college", you should make the college clear: The American College of Financial Services. I'm not sure there's much value in making ad hominem arguments based on vague implications. Finke...
by chipperd
Wed Mar 17, 2021 5:07 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29505

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

Founded by an insurance exec with many endowed chairs and professorships held by people in the insurance industry (https://www.theamericancollege.edu/about-the-college/giving/heritage) along lots of insurance money floating around The American College of Financial Services. I would imagine it might ...
by chipperd
Sun Mar 14, 2021 4:03 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273444

Re: [What TV Show Have You Recently Watched?]

Ginny and Georgia on Netflix. I'd give it an A-. Recommend.
by chipperd
Sun Mar 07, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Coast to retirement jobs late 40s medicine
Replies: 37
Views: 4106

Re: Coast to retirement jobs late 40s medicine

As a poster above mentioned, what about working for a small private practice? Undoubtedly less money but also less BS. Also, as another poster mentioned as well, take a look at your budget. And if your kids are pre-college, run those net price calculators with your anticipated reduced income. Could ...
by chipperd
Sun Mar 07, 2021 11:22 am
Forum: Personal Consumer Issues
Topic: Consumer Math Question
Replies: 32
Views: 2109

Re: Consumer Math Question

If full price is $300, then I would think the total would be $450. Buy one at full price ($300) get second one at half price ($150). $300+$150=$450.
Am I off here?
by chipperd
Wed Mar 03, 2021 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14693

Re: Can we afford a $2.5M first home?

I’ll be a contrarian here, albeit one with a similar house in SFBA. Fifteen years ago (before I even heard of Bogleheads) we bought a similar house at half the price and with half the income. It worked out great and it’s paid off now. Bogleheads are a fairly conservative group with a focus on retir...
by chipperd
Tue Mar 02, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14693

Re: Can we afford a $2.5M first home?

I’ll be a contrarian here, albeit one with a similar house in SFBA. Fifteen years ago (before I even heard of Bogleheads) we bought a similar house at half the price and with half the income. It worked out great and it’s paid off now. Bogleheads are a fairly conservative group with a focus on retir...
by chipperd
Tue Mar 02, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14693

Re: Can we afford a $2.5M first home?

Just because you can - as in, "might be able to" - does not mean you should. I know the prices are insane in your area vs the rest of the country, but there are great properties available in the $1.6-2M range. There are places and times where it makes sense to stretch the budget and buy t...
by chipperd
Tue Mar 02, 2021 7:03 am
Forum: Personal Consumer Issues
Topic: snow plow pricing
Replies: 42
Views: 2965

Re: snow plow pricing

Due to : Covid, market activity, mail delays, blah, blah. Shop around, couldn't hurt. You don't have to switch b/c you shop around. At least if you find out what the others are offering, you'll know where you stand.
by chipperd
Wed Feb 24, 2021 6:59 am
Forum: Personal Consumer Issues
Topic: Yahoo Mail Problem
Replies: 15
Views: 1232

Re: Yahoo Mail Problem

Our yahoo email account, along with billions of other yahoo accounts, was hacked a few years ago. Not sure why anyone would use yahoo email at this point due to safety concerns. https://money.cnn.com/2017/10/03/technology/business/yahoo-breach-3-billion-accounts/index.html Locked our yahoo account d...
by chipperd
Tue Feb 23, 2021 6:29 am
Forum: Personal Investments
Topic: 31yo contemplating early retirement
Replies: 142
Views: 12493

Re: 31yo contemplating early retirement

I have a similar take to one poster above: Narrow your goal number down to something with less of a range than "5-10 million". As one who is financially successful, I'm sure you know that without a more narrow, measurable goal, you will never reach it. I get that the future is uncertain fo...
by chipperd
Sun Feb 21, 2021 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cash: a survey
Replies: 95
Views: 6315

Re: Cash: a survey

5 years of expenses in cash.
90% retired.
by chipperd
Sat Feb 20, 2021 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans or delay in case of a cancellation
Replies: 4
Views: 662

Re: Pay off student loans or delay in case of a cancellation

Delay. You will know within a few weeks about what direction to take if any different from your current direction. Careful with the political references, you might get this thread locked (hence my clandestine response).
by chipperd
Fri Feb 19, 2021 10:14 am
Forum: Personal Consumer Issues
Topic: Kitchen countertops
Replies: 53
Views: 6327

Re: Kitchen countertops

We replaced our countertops with quartz marble look, and love it.
Not much more than granite and no maintenance and doesn't absorb like granite will.
My understanding with Corian, if you have the built in sink, if the sink goes/cracks, you need to address the countertops as well.
by chipperd
Tue Feb 16, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31669

Re: Saving 50% of salary; what does it really mean?

It means you can become FI in about 15 years.
by chipperd
Tue Feb 16, 2021 5:51 am
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 11897

Re: 18 to 100 percent annual return fund

Look into optionsellers.com saga and how this guy who wrote books on selling options and appeared as a guest commenter on cnbc blew up selling options ... should give you a hint at anyone who claims to be an expert lol. Oh if you want a laugh here is his apology video after losing the money and lea...
by chipperd
Tue Feb 16, 2021 5:45 am
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 11897

Re: 18 to 100 percent annual return fund

So I checked out the website and watched the video. I wasn't reassured at all and have no intention of giving this guy any of my $ to invest. In fact, requests for proof of statements in the video are responded to, but unanswered, as noted by a prior poster.
by chipperd
Tue Feb 16, 2021 5:43 am
Forum: Personal Investments
Topic: Frontload 529
Replies: 6
Views: 720

Re: Frontload 529

The wisdom of a 529, frontloaded or otherwise, depends on your anticipated family income 2 years out from the time your oldest enters college/university.
by chipperd
Mon Feb 15, 2021 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now (45 yrs old) or keep working for the kids?
Replies: 67
Views: 5863

Re: Retire now (45 yrs old) or keep working for the kids?

Setting a good example for your kids is admirable, but begs the question, what concepts/values would you want to pass down that working full time provides? ( I'm assuming you work full time). IMHO, a proper work/life balance would be a great example to pass along. In addition, the years you have now...
by chipperd
Mon Feb 15, 2021 12:57 pm
Forum: Personal Investments
Topic: Sleeping well at night with a mortgage - how?
Replies: 30
Views: 3947

Re: Sleeping well at night with a mortgage - how?

I don't want to offend anybody but just sharing my perspective. If someone is already earning 300K+ gross income and on top of that sitting on a couple of millions in NW, I just find it very hilarious (and sad at the same time) where expenses of couple of hundred dollars per month are being scrutin...
by chipperd
Sun Feb 14, 2021 8:13 am
Forum: Personal Investments
Topic: Annuity to replace CD
Replies: 35
Views: 11278

Re: Annuity to replace CD

My retired in laws have a cd maturing and are thinking of opening an annuity product through this company : https://www.gainbridge.life/#outclass-other-asset-classes They don’t want to invest in stocks. They asked me for advice. Is this something they should place a low six figure amount? Annuities...