Recent Posts

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Dad,
Read a book for once.  You've done great and your federal pension will be plenty forever no matter what you do with the income from your 2nd career, but quit just blindly sending your money to your local small town Edward Jones agent.  You like money and you have plenty of time on your hands and many years left to live, so please educate yourself on issues of investing and estate planning instead of just "having a guy" for that.
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Investor Alley / Re: What is an ultra-conservative SWR?
« Last post by PathtoFIRE on Today at 07:56:00 AM »
...a person who believes in a 5% SWR is much more likely to succeed with it than someone who doesn't...

I've been devouring PF blogs and forums for 2 years, and this statement just blew my mind. I think this is an extremely important point, and should probably be pointed out at least once during each discussion of WRs and SWRs.
3
You would need to file a 1040X to amend your filed return. I did it last year but it was because I recharacterized a Roth contribution as traditional. I think the deadline to file an amended return is October. Just know that your refund will take quite a while to show up. Took about 3 months for me.
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ChemE here, I design processes for oil and gas refining and extraction. ie sizing equipment, selecting the equipment/heat/pressures/methods required to get the raw materials into the products. Currently working in the evil 'tar' sands :)

I have had to look up my differential equation math book for one calc, but I also promptly forgot why...
ah, this takes me back.  My degree is in chem e.
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Ask a Mustachian / Re: Backdoor Roth IRA question
« Last post by dandarc on Today at 07:53:33 AM »
Strategies:

1.  When the time comes, roll her tIRA into a 401K or similar plan.
2.  Convert the tIRA before the year you get married to minimize taxes.
3.  Contribute to Roth IRA now.

Also hope this doesn't pass:
http://www.forbes.com/sites/janetnovack/2015/01/05/the-forbes-2015-tax-guide/
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Share Your Badassity / Re: Getting to zero
« Last post by J Welterweight on Today at 07:52:01 AM »
Congrats! that is a hefty sum you balanced out.  My wife and I are about to hit zero as well and we are looking into refinancing student loans too.  Did you use SoFi? Did you get a variable interest rate? Are you able to use a credit card via chargesmart to pay them off, effectively reducing your interest rate another 1%?

7
Well, the plan had been to foam the crawlspace first and then do both roofs. (Price was $6k! $2k for each spot). I spoke with another foam guy (after the thermal imaging) and he said to skip the roofs as they were not holding any of the hvac stuff and it would be a waste of money and that the insulation was adequate.  So, the crawlspace is on the list.

I also need to make a plan for water intrusion and removal. The place is 40 years old. It looks pretty solid but we do get some moisture and there is no sump pump. I am told it's easy to diy so maybe this summer I'll look into it. Right now it's not a major issue.

I did have one hvac guy offer some alternative suggestions- even said he'd come and help me work on it but our schedules have not cooperated. My concern is that he wanted to cut a hole into the room that houses the hvac. The wall he wants to cut opens into the crawlspace. He suggested running "new" duct work to tie into the old duct work to force the handler to suck from the existing returns.  While that sounds fine in theory, my question is why we would need to do that if the ducts were properly set up in the first place? How is a trunk disconnected? Why would it be? 

I've been on a rampage sealing windows, frames (I pulled a few frame trim pieces and re-sealed them), towels under doors, you name it. While it is ideal to do this while it's cold out as it's easier to find the bad spots, it sure is tiring. I prefer working in warm weather.

My biggest issue is that I want the house to be at least semi-efficient while I live there. However, I don't plan on staying too long- 2-3 years hopefully.
So, I don't want to go too crazy with the expense.
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Investor Alley / Re: Help me understand: why should I buy bonds?
« Last post by PathtoFIRE on Today at 07:49:29 AM »
I believe the basic underlying reason is this:

1. Stocks provide superior long-term returns, so this is your engine for growth
2. Given the (a)short-term volatility and the (b)possibility of short to medium term underperformance of stocks historically, you need at least a little bit of something else to smooth out (a) and to counteract (b) [this second part isn't as important during accumulation, but is very important in the draw-down phase]

This is the basic gist of the argument against 100% equities. Now bonds are usually the default for item 2 because they typically (although not always!) show weak and sometimes negative correlation with stocks, and they are highly liquid similar to stocks and in contrast to many other non-stock forms of investment. However, there are some that substitute something else for item 2, such as real estate, commodities, collectibles/art, what have you. For many of us, especially the more passive investors, these types of investments usually require a lot more knowledge about what to invest in as the markets are less efficient, less liquid, and less accessible. If you've got an edge or a real passion about one of these alternatives, then great, maybe you can forgo the slight drag that bonds can add to a stock portfolio while still providing less volatility. For me, I lack that ability, so I'll go with the more sure but slightly less spectacular of bonds while providing balance to my predominant stock portfolio. And I believe that Dodge has done an excellent job on these forums highlighting that much of the conventional wisdom regarding bonds is just plain wrong, so actually don't believe I'm really missing out on much by going 80% stocks and 20% bonds.
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My employer is reimbursing me for the remaining balance on my student loans over the course of the next 5 years.  I will need to pay a set amount each year and this amount will vary by year.  If I prepay my yearly student loan payment amount (instead of setting up monthly withdrawals), am I still able to deduct all of the interest that accumulates over the course of the year?  Would this count as interest paid, since it accumulated after my last payment?
Pretty sure that you deduct the student loan interest in the year it is paid, not when it is accrued.
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My husband works at one of the major tech companies. Big pay, big responsibility, ok great. He's used to be plugged into his email after hours till about midnight or so for the last several years. BUT.

His new boss apparently has no life. She emails him constantly throughout the night. She wakes us up (it's on vibrate in the bed) at 11, 12, 2, 3, apparently might go to sleep from 330 ish to 7 and then the emails wake us up for the day. It's INSANE.

Does anyone else have a boss like this?! He has asked her to hold off from 10 till 7 before because he's not awake but she apparently doesn't give a crap and wants answers right away.

I mean I don't know what to do about it as I'm just the observer that is being awoken by this working maniac to which he has to respond.

What would you do/ have you done?

Does she really insist on answers at those times?  My husband has major insomnia and is awake at 2am every night.  He'll go work on his laptop for a couple hours then go back to sleep.  All of his reports have told him they no longer have their phones in their bedrooms because he is always emailing at that time.  But, he doesn't expect any response until normal working hours.  Maybe she is the same way?  I think everyone else has pointed out the obvious, turn off the email notifications, but I'd also suggest charging the phone elsewhere, like the kitchen?
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