Recent content by panacea

Exactly correct!

Will be dependent on portfolio and sale of my business. Although I consider the business to be part of our portfolio. Assuming 75% of Social Security will be available at 67 and have no pension.

I don't know that such an investment exists right now. 3% is something you'd historically be able to find in an intermediate term bond fund but with a risk of rising interest rates, that doesn't fit in with your "no risk" requirement. If you're nervous about the stock market, a conservative...

My first reaction to your statement before reading their response was that I can tell you really care but my next thought was I wonder how often you offer this kind of "advice." I don't have grandchildren yet (our boys are 17 and 20) but we have parents that pushed a bit too hard after our...

I get out there to visit my Aunt Jean every 5-7 years... but you don't want to wait that long either. :)

Good advice- He's pretty smart as far as this goes (I think). But I will suggest he leaves the phone in his car.

:laugh: But "a tire" may not be appropriate either!

All interesting and helpful feedback. Thanks! Definitely some different opinions on the subject. Overall it seems like if you were to make a mistake as an interviewing intern, it would be better to err on the side of being a bit overdressed. That is unless, as a few people said, you could...

My oldest son is starting his Junior year at college, majoring in software engineering. He'll be interviewing for internships this fall and I'm wondering what is appropriate dress. I'm getting ready to take him out suit shopping because that's always been proper interview etiquette as far as...

funds you keep have unrealized gains and losses, therefore no tax consequence. However, they may generate ongoing taxable income and year-end cap gain distributions that are taxable. additionally, funds you sell have a tax consequence but only if you realize a gain.

Sounds like me when I was a kid. It was my favorite thing to do... shoot baskets in the driveway for hours at a time. Sometimes I was even able to get the neighbors over for a game of horse. Now as an adult I love a peaceful neighborhood but yet somehow when there are loud kids playing...

The closer we get to FIRE, the more we struggle to figure out what we really want to do. We both like our work but just don't want to be there 5 days a week, working a full-time schedule. I see us both continuing FT for 5 more years (that puts me around age 54 and DW at 52) and then cutting...

You're going to be in great shape given that you already have good saving/spending habits. No matter what happens in the future, you'll be building a cushion and preparing yourself for whatever comes next. Congrats!

And for the really creative, you could combine some of these ideas... like buying toilet paper and then returning it to the store after you've used it. Or turning your underwear inside out and using as a coffee filter!

Yikes! That sounds like a real mess. Ours is a separate lot with it's own tax key # but the contract is subject to my review of the survey, which the seller is having updated this week. Our purchase is also contingent on the perc test so hopefully it'll come out favorably. Great advice on...