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1.  Try to get your wife to understand that you don't need a new car yet.  A 2 door coupe is fine for quite a while.  If it proves to be unbearable, you can change your mind later.

2.  Pay cash for any car.
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Share Your Badassity / Re: I retired today!..:)
« Last post by Workinghard on Today at 01:27:00 PM »
Pasting the answer to a question from Joan-eh?

Here is my current asset allocation together with explanations of how and why.



Right now I am 2% cash (about a years worth).. assuming the Wife wasn't working, 4.8% bonds and the rest in Stocks. Total portfolio is $1,473,000

I think my more natural position would be about 10 to 20% in Bonds.

I think I am going to keep my current position based on the expected positive outlook for the 2015 stock market per the TV talking heads. If I took a significant hit I wouldn't be too surprised though, but I am not worried about it because..

1) We have one year in cash
2) Wife will work for another 2 years and we have rent (with both these payments is about 120% of expenses), so the WR will be zero% for a further 2 years
3) I currently have a part time gig which I expect to provide 2 years expenses this year and possibly next (in other words WR could be zero% for another 4 years)

Total of above is 7 years

4) in 7 years I will get my pension which will provide about 80% of yearly expenses
5) in 8 years the Wife will get her pension which takes us to 140% of expenses.

In other words I could conceivably get to my pension without touching the stash at all.. I can afford to be aggressive.. I think...:)

If the market does well next year I will probably revert to the 10 to 20% bonds at that point.. After the Wife retires we are possibly looking at moving abroad (warmer) so expect to take some fact finding trips.. this will of course temporarily raise our COL.


Frank
Thank you, Frank.  I'm trying to imagine what it would be like to rely only on the lump sum of money for income - (I think this is the source of my fear)  when really I should be thinking about diversification. You and I, for example,  both have diverse sources: future pensions, consulting/some variation of income, and the earnings on the stash. Others have rental income. Oh, And I must remember the 1-2 years in cash, the very calming advice from you and Nords.  Thanks for the reminders, again!

I am remaining "aggressive" as well at this point - for as long as I am working. All of my current fussing is just over DH leaving this 9-5 job  next year and trying to figure if we have enough 1) to live on one salary until I "retire" and 2) for the rest of our lives - once I leave work.  I think the key is to let the RRSP nest egg grow untouched for another 10 years- and with luck it will double.

I'm sure we will be "fine"; although I am not an engineer, I do over-plan for safety. I need to get a sign that says "stay calm, diversify on"

I'm in a similar position.  My dh will also be retiring next year. I know we can live on one income and we should be able to max out my 401(k) with catch up contribution and contribute to our Roths. Highly unlikely that we will be able to have after-tax contributions. No pensions here but our Social Security will be more than what we currently need to live on. Still it's a little nerve-racking to think about not having an income.
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Do it Yourself Discussion! / Re: Refoaming Speakers
« Last post by andy85 on Today at 01:25:33 PM »
I've replaced just the foam surrounds on several vintage speakers, it was really pretty easy.
unaware...could be just because i always dealt with very specialized high-end car audio subs though.
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Ask a Mustachian / Re: Attic DIY project advice
« Last post by FarmerPete on Today at 01:24:36 PM »
I do have two fans for the bathrooms currently venting into the attic-is this something I can have vent into an existing sofit or gable vent to remove moisture? Finally, in our master bedroom closet, there is constant mildew on the ceiling. The closet is on an exterior wall and is adjacent to a sofit vent-would adding more insulation help prevent this?

EEK!  Get those exhaust vents going outside ASAP!!!!  If it's not there already, you're going to have a SERIOUS mold problem soon!!!  By any chance, is your master bedroom closet near where one of the exhaust fans are currently venting?
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It depends a bit on the sport. 

The last I checked, NFL Sunday Ticket is available streaming with a Playstation (no satellite subscription required).  And if you can wait, I believe they have a "rewind" option online where you can stream full games a day or two later for only like $40 a year. 

The NBA offers an online streaming option. I subscribe to Ballstreams, a European rebroadcast that is cheaper and more dependable than the US version (it's not sanctioned by the NBA, but still legal and has been around a while).  I'm not a hockey or baseball fan so am unsure about all of the options but I know they exist.

College football is tricky, as ESPN seems to have a monopoly on bowl games.  You can either sign up for the new Sling TV, borrow a login from a friend, or go to the various "gray-area" streaming sports sites on the web. 

I personally use the questionable sites and have had great success.  They have many more sports than you'd normally see (Premier league is cool, DW was even watching rugby and cricket recently).  I recommend Adblock as well as Chrome to control auto-play on flash plugins.  Most importantly, never download software to stream anything.  But plug it into a TV, and the quality is surprisingly good. 
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Congratulations - please post an update on the Air BnB after you've actually rented.  I'm curious how that might work - we have a lake house we've never rented, but I could see doing after we finish the basement.
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Thanks for the update.  Keep marketing that place hard...it's a tough season to get new renters anyway, no one wants to move in the middle of Winter. 
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Off Topic / Re: Obama: "2014 was the hottest year on record"
« Last post by StashDaddy on Today at 01:22:56 PM »
LOL, I agree 100% with that statement.
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Some people make/earn money using manufactured spend (essentially moving money around by spending on a card to buy instruments that can with minimal difficulty be converted back to cash, such as VISA gift cards, or funding an Amex Serve card, but I find this to be more effort than it's worth for me locally.  The ROI per hour spent doesn't make it worth my while.

I have say that Serve is the easiest and quickest thing I have used.  It initially involves setting up the account and the monthly reoccurring, automatic transactions online.  After this, all you have to do is one monthly online transaction.  That takes seconds.
So we're talking 2000/3000 points max per month, plus the time spent getting the money back *out* of serve (either by doing billpay or ATM withdrawals a few hundred bucks per day), plus any time spent making sure your billpays actually arrive, and it's not *personally* worth it to me for $20/30 in credit per month.
It doesn't take any more than a few seconds to get the money back out of serve - one billpay transaction to send the money back to the credit card whence it came.  If you and your SO (or other family member) each have Barclaycards that's a 4K points/month minimum with 10% back.  That's an extra $500+ in travel.

Believe you're off by a factor of 10 here.  4K points (5K effective) is $40/$50, not $400/$500.

Anyway, prevailing logic is that paying the card that you funded serve with with Serve billpay is a big red flag for them.  I know that some people get away with it, but many have not.
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Congrats and good luck.
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