Search found 452 matches

by MikeWillRetire
Fri Apr 02, 2021 12:15 pm
Forum: Personal Consumer Issues
Topic: Question - Raised Garden Bed next to the house
Replies: 7
Views: 573

Re: Question - Raised Garden Bed next to the house

1. I will echo the concern that others raised. Go out tomorrow morning and see what time the garden gets sunlight. Then see what time the garden goes into shade later in the day. You will want at least 6 hours of sunlight. If not, wait until next month and measure again. 3. I use normal framing lumb...
by MikeWillRetire
Thu Apr 01, 2021 1:56 pm
Forum: Personal Investments
Topic: How do I know if i am saving enough?
Replies: 24
Views: 3947

Re: How do I know if i am saving enough?

Your calculation looks like you are not taking social security or your wife's pension into account. So your 1.25 million is very conservative. Correct I am not taking those into consideration. I have read on here that being so far out from retirement that we should not count on those. I ran my SS o...
by MikeWillRetire
Thu Apr 01, 2021 12:32 pm
Forum: Personal Investments
Topic: How do I know if i am saving enough?
Replies: 24
Views: 3947

Re: How do I know if i am saving enough?

Your calculation looks like you are not taking social security or your wife's pension into account. So your 1.25 million is very conservative.
by MikeWillRetire
Wed Mar 24, 2021 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 49084

Re: Tales from this insane real estate market

Last year, the house next door to mine sold for 350k. Last month, a similar nearby house sold for 420k. Last week I noticed that a nearby house is asking for 460k, and it's the only house for sale in the neighborhood. And yesterday, I had a phone message from a woman wanting to buy my house. Crazy.
by MikeWillRetire
Sun Mar 07, 2021 8:40 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6535
Views: 1449304

Re: What Movie Have You Recently Watched?

I got about halfway through "Coming 2 America" on Amazon Prime, and I could take no more. Movie is really pretty bad. BUT it was ahead of its time and still pretty funny...for a certain time and audience! At the time, the actors in it was unprecedented!!!!! But, yeah, not a great film.......
by MikeWillRetire
Sat Mar 06, 2021 9:06 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6535
Views: 1449304

Re: What Movie Have You Recently Watched?

I got about halfway through "Coming 2 America" on Amazon Prime, and I could take no more.
by MikeWillRetire
Sat Mar 06, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Heloc On Rental Property ?
Replies: 3
Views: 266

Re: Heloc On Rental Property ?

Yes, my wife and I have a heloc on a rental property. The terms are different for non-owner occupied.
https://www.penfed.org/home-equity-cent ... -of-credit
by MikeWillRetire
Fri Mar 05, 2021 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: How do we look for impending retirement?
Replies: 17
Views: 1955

Re: How do we look for impending retirement?

Have you tried the Firecal calculator? https://www.firecalc.com/
I ran your numbers, and you look good.
by MikeWillRetire
Fri Mar 05, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 107
Views: 9067

Re: Anyone ever tired of managing hair and consider shaving to go bald

I imagine that you would get some awful sunburns if you forget to wear a hat. :D
by MikeWillRetire
Wed Mar 03, 2021 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my children to spend time applying for scholarships?
Replies: 29
Views: 1517

Re: Should I encourage my children to spend time applying for scholarships?

I motivated my kids by telling them I would split the scholarship money with them.
That worked.
by MikeWillRetire
Tue Feb 23, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13361

Re: Best decision(s) in your financial life

BrooklynInvest wrote: Tue Feb 23, 2021 4:47 pm Market timing my divorce for when I was already broke...
Ha! Well done!
by MikeWillRetire
Sun Feb 14, 2021 5:05 pm
Forum: Personal Consumer Issues
Topic: how much do you budget car repairs/home repairs for?
Replies: 37
Views: 4723

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

For one car, I budget $100 per month. For home repairs and renovation, I budget $500 per month for a 2000 sf house.
by MikeWillRetire
Mon Feb 08, 2021 5:20 pm
Forum: Personal Consumer Issues
Topic: Men, Where do you Carry Your Cell phone?
Replies: 16
Views: 1073

Re: Men, Where do you Carry Your Cell phone?

I usually don't carry it on me at all times. At work, it sits on my desk. At home, it sits on a side table. When I drive, it sits in the console. When I go shopping or out to a restaurant, it sits in the trunk of my car.
by MikeWillRetire
Fri Feb 05, 2021 8:47 am
Forum: Personal Consumer Issues
Topic: Cash vs. Credit
Replies: 189
Views: 9562

Re: Cash vs. Credit

I use cash for vice. Booze, gambling, etc.
I don't want to leave a record of what I spend on that.
by MikeWillRetire
Fri Feb 05, 2021 8:44 am
Forum: Personal Consumer Issues
Topic: Removing Labels From HVAC Unit
Replies: 24
Views: 1564

Re: Removing Labels From HVAC Unit

If you really need to take them off, don't worry about saving them. Take a picture of them beforehand, and save it.
by MikeWillRetire
Tue Feb 02, 2021 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits for Federal Employees (GS)
Replies: 9
Views: 997

Re: Benefits for Federal Employees (GS)

For new employees, they are automatically set up to deposit 3% into the age appropriate lifecycle fund in the Thrift Savings Plan. I recommend raising this to at least 5% to get the full 5% match. Edit: I just found out that new employees hired after Oct. 1, 2020 automatically deposit 5% to the TSP.
by MikeWillRetire
Tue Feb 02, 2021 11:04 am
Forum: Personal Finance (Not Investing)
Topic: FERS annuitant: how to evaluate survivor options?
Replies: 13
Views: 946

Re: FERS annuitant: how to evaluate survivor options?

The survivor annuity is what will guarantee that your wife can keep the health insurance.
by MikeWillRetire
Tue Jan 26, 2021 8:56 am
Forum: Personal Consumer Issues
Topic: Do you cover your AC compressor in winter?
Replies: 50
Views: 4345

Re: Do you cover your AC compressor in winter?

Mine is now 28 years old, and I never covered it. It's survived several blizzards. I just keep the area around it clear of leaves and debris.
by MikeWillRetire
Sun Jan 24, 2021 7:51 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273459

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

"The Good Lord Bird". My wife bought it for me on Amazon. I loved it. It has a bit of a Tarantino influence.
by MikeWillRetire
Sat Jan 16, 2021 7:26 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1034
Views: 47080

Re: Bird watchers – what birds are you seeing?

Being a Maryland resident for 48 years, I have never seen our state bird...the Baltimore Oriole. So this year I bought an Oriole feeder. https://kmwoodworking.com/collections/orioles-tanagers/products/recycled-single-oriole-orange-fruit-feeder I understand that they should be in the Maryland area in...
by MikeWillRetire
Thu Jan 14, 2021 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: FERS, TSP, LEO, Retirement, what am I missing?
Replies: 52
Views: 2928

Re: FERS, TSP, LEO, Retirement, what am I missing?

Indeed I do. I accounted for that in pension quoted after health and taxes. Thanks. Ok, so at age 62 the supplement ends and your pension drops to around $32k? But you will then add in SS and get around $56k per year from age 62 onward? So you definitely need your TSP to achieve $70k spending. I or...
by MikeWillRetire
Thu Jan 14, 2021 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: FERS, TSP, LEO, Retirement, what am I missing?
Replies: 52
Views: 2928

Re: FERS, TSP, LEO, Retirement, what am I missing?

As a FERS LEO, don't you also get the FERS supplement from retirement to age 62?
by MikeWillRetire
Sat Jan 09, 2021 4:00 pm
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15576

Re: Regrets postponing retirement too long?

Keep in mind that some of the people who waited too long can't respond to your question. They retired to the afterlife.
by MikeWillRetire
Thu Dec 31, 2020 7:47 pm
Forum: Personal Consumer Issues
Topic: Have I Been Overpaying Amazon?
Replies: 98
Views: 7254

Re: Have I Been Overpaying Amazon?

I'm old enough to remember that it used to take 6 to 8 weeks to get something that you ordered from a catalog. I love Amazon.
by MikeWillRetire
Tue Dec 29, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for relatively Low Net Worth Retirement
Replies: 40
Views: 3229

Re: Advice for relatively Low Net Worth Retirement

Let's assume your expenses are the high number...60k. From age 60 to 62, you will need to withdraw 58k from your portfolio. From 62 to 67, you will need to withdraw 70k. At age 67, it looks like your income will be 70k, so you won't need to withdraw anything. So you will still have close to 1 millio...
by MikeWillRetire
Fri Dec 18, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: how much annual income do you think you need in retirement?
Replies: 113
Views: 8682

Re: Poll: how much annual income do you think you need in retirement?

I will be retiring sometime in the next year, around age 59. Currently live in Maryland.
Pensions, social security at age 62, and a 4% withdrawal from portfolio will provide around $130k.
This will cover all expected expenses and a generous amount of travel/snowbirding money.
by MikeWillRetire
Sat Dec 12, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Public vs Private Sector Employment
Replies: 101
Views: 5412

Re: Public vs Private Sector Employment

I worked 11 years in the private sector, and now I have 25 years in the federal government. I made the switch because my wife and I were about to start a family, and my wife wanted to continue her career. I figured that the government job would not require the overtime that I was doing, and that rai...
by MikeWillRetire
Fri Dec 11, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 45
Views: 2568

Re: Where do you get your news?

The Onion.
by MikeWillRetire
Tue Dec 08, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13544

Re: What should a 23 year old consider before purchasing a Tesla?

So the Tesla costs around half of your salary. When I was your age, I bought a car that cost around half of my salary. I had a student loan and rent to pay. Somehow, it all worked out.
But my car was a Chevy Cavalier, not a Tesla, so that shows you just how much money you make for a 23-year old!
by MikeWillRetire
Sun Nov 29, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used a Career Coach for new college graduate?
Replies: 105
Views: 4665

Re: Has anyone used a Career Coach for new college graduate?

No, I didn't use a career coach for my children. I did pay for an in-depth aptitude test for my oldest son when he was in high school. That test said he has a knack for mathematics, and my son agreed. He graduated with dual degrees in accounting and finance. He worked one summer as an intern in a Wa...
by MikeWillRetire
Sat Nov 21, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: Sharkbite Fittings
Replies: 18
Views: 1908

Re: Sharkbite Fittings

I have used them in about 5 places in my house over the last 10 years. So far, so good. My water line is made of cpvc.
by MikeWillRetire
Tue Oct 27, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: Will I really need 80% replacement during retirement?
Replies: 118
Views: 10864

Re: Will I really need 80% replacement during retirement?

Imagine someone who has been contributing 7% to social security and 13% to savings for his entire career. He spent everything else (80%). He has never owned a home, and did not raise children. His expenses won't change much in retirement. He will need 80% in retirement. On the other hand, imagine so...
by MikeWillRetire
Sun Sep 20, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273459

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

I've watched 3 episodes of "Little Fires Everywhere" on Hulu. I'm hooked.
by MikeWillRetire
Mon Sep 14, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Firecalc...am I doing this right?
Replies: 6
Views: 770

Re: Firecalc...am I doing this right?

I got the same results using your numbers.
by MikeWillRetire
Fri Sep 11, 2020 5:17 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3669

Re: Neccesities for a Man Cave

runner3081 wrote: Fri Sep 11, 2020 4:32 pm Urinal
Nacho Cheese Dispenser
Excellent!
by MikeWillRetire
Tue Sep 01, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 587
Views: 54629

Re: What is your age and asset allocation ?

Wife and I are 58 years old. We plan to retire sometime in the next couple of years. Our asset allocation is 30/70.
by MikeWillRetire
Sun Aug 30, 2020 6:44 pm
Forum: Personal Consumer Issues
Topic: Yellowjackets
Replies: 11
Views: 1341

Re: Yellowjackets

Another Marylander here.
Yellow jackets become a nuisance at this time of the year. I think they realize their end is near. They will die with the first cold snap. In the meantime, don't drink from a soda can without checking for them!
by MikeWillRetire
Wed Aug 26, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Summer internship in LA - live without a car, possible?
Replies: 20
Views: 1414

Re: Summer internship in LA - live without a car, possible?

My son moved out to California in November without a car. He stayed at an AirBnb in Manhattan Beach for a couple of months while he looked for a more affordable place to live. He made sure that the AirBnb was within walking distance of food stores and a mall. But he is a freelancer, so he doesn't ne...
by MikeWillRetire
Fri Aug 14, 2020 5:39 pm
Forum: Personal Consumer Issues
Topic: Driving Boston to Nashville
Replies: 51
Views: 2784

Re: Driving Boston to Nashville

I just drove from Baltimore to Boston and back, and gladly added miles to avoid the NY City metro area.
I90 to I84 into PA.
by MikeWillRetire
Fri Aug 07, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: your retirement vs. your parents
Replies: 20
Views: 2410

Re: Retirees: your retirement vs. your parents

My parents both died in their 50's, so they did not get to retire. They would have had to rely on social security because they did not have pensions or substantial savings.
I plan to retire sometime in the next few years, so I'm doing much better.
by MikeWillRetire
Thu Jul 23, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: Retirement Relocation - Permaculture - Western and Southern Cities
Replies: 49
Views: 3699

Re: Retirement Relocation - Permaculture - Western and Southern Cities

[/quote] Tampa/central Florida (or any part of Florida for that matter) is not suitable for gardening year-round. In the summer it just rains too much and it's too hot/humid for the kind of fruits and vegetables most people would consider for regular consumption. You could grow sweet potatoes (impos...
by MikeWillRetire
Wed Jul 22, 2020 8:47 am
Forum: Personal Consumer Issues
Topic: top suvs for tall driver & good mpg
Replies: 36
Views: 2634

Re: top suvs for tall driver & good mpg

My son is 6'-5". Here is what we did to figure out what car he can fit in. We went to CarMax. They let us wander around the lot and sit in as many vehicles as we wanted to because they leave the vehicles unlocked. We left with a list of vehicles that he could fit in.
by MikeWillRetire
Tue Jul 21, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: Buying Prescription Eyeglasses Online
Replies: 50
Views: 6563

Re: Buying Prescription Eyeglasses Online

How do you guys get the measurement for the pupil distance that they ask for when ordering online? I had gotten my prescription from the eye exam, but had no way to know my pupil distance. Is that something you need to ask the optometrist? If you ordered glasses from Costco in the past, they print ...
by MikeWillRetire
Sun Jul 19, 2020 10:01 am
Forum: Personal Consumer Issues
Topic: Kitchen Cabinets
Replies: 28
Views: 3079

Re: Kitchen Cabinets

We finished our kitchen renovation a few months ago. We went with Kraftmaid all-plywood construction, and we purchased them from Lowes for $7900. That included 18.5 linear feet of base cabinets and 14.5 linear feet of wall cabinets. We bought granite countertops (18.5 linear feet) from a granite sho...
by MikeWillRetire
Fri Jul 10, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1569

Re: Food and health

Look at your insurance policy as something that protects you from catastrophic losses. Not something to pay for a physical.
by MikeWillRetire
Tue Jul 07, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 48074

Re: College in fall

My son will be starting grad school at MIT this year, and he plans to stay in an off campus apartment with roommates. Since he is doing research, he will supposedly be allowed on campus. I was hoping to be able to help him move in, but the quarantine requirements rule that out. Luckily, it is not co...
by MikeWillRetire
Thu Jul 02, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 27601

Re: 4% rule - confidence poll

I'm one of the fortunate people who will have pensions and social security, and those will cover our base expenses in retirement. Our portfolio will be used primarily as our fun money. So in our situation, 4% is fine.
by MikeWillRetire
Tue Jun 30, 2020 7:44 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17837

Re: YoutubeTV subscription now $64.99/month

Well at least you don't have those set top boxes......
by MikeWillRetire
Tue Jun 30, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14795

Re: Hopeless Civil Engineer

Civil engineer here, with 35 years experience. When I look back at what I was making after 10 years, it is similar to your salary after adjusting for inflation. For me, that was a great salary, much more than my father ever made. And I actually enjoyed the work. But even back then, computer science ...
by MikeWillRetire
Fri Jun 19, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: FERS (Federal) Deferred Retirement
Replies: 9
Views: 1125

Re: FERS (Federal) Deferred Retirement

If you are married and your spouse wants survivor benefits, your pension will be reduced 5% for a 25% survivor pension, or 10% for a 50 % survivor pension.