Author Topic: Mustachian People Problems (just for fun)  (Read 1066635 times)

Aelias

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Re: Mustachian People Problems (just for fun)
« Reply #3800 on: March 17, 2017, 08:40:00 AM »
lol.  Because living in a tiny house is TOTALLY the same as not having cable.

Cannot Wait!

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Re: Mustachian People Problems (just for fun)
« Reply #3801 on: March 17, 2017, 03:17:14 PM »
I don't have cable, or a TV, or (gasp) a cell phone - but I no longer have coworkers either.  Coincidence?  I think not. 
« Last Edit: March 17, 2017, 06:42:58 PM by Cannot Wait! »
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greengardens

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Re: Mustachian People Problems (just for fun)
« Reply #3802 on: March 17, 2017, 04:59:24 PM »
My MPP: getting weird looks being told I should be one of those "tiny house" people when my co-workers found out we do not have cable.
Did you say you are just building it on your weekends and if they want to join to hands-on-stuff-fun?

Ha! I wish I had

Shamantha

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Re: Mustachian People Problems (just for fun)
« Reply #3803 on: March 19, 2017, 08:09:37 AM »
When you are getting ready for a work related 12 hours business class flight, with free food in the lounge, and two free meals on the plane, and you still eat a "clean out the fridge" meal before leaving. Because even if you cook with leftovers it is better tasting than the free airport and airplane food.
Still feels wasteful for not taking advantage of all that free food!

markbike528CBX

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Re: Mustachian People Problems (just for fun)
« Reply #3804 on: March 19, 2017, 10:52:38 AM »
When you are getting ready for a work related 12 hours business class flight, with free food in the lounge, and two free meals on the plane, and you still eat a "clean out the fridge" meal before leaving. Because even if you cook with leftovers it is better tasting than the free airport and airplane food.
Still feels wasteful for not taking advantage of all that free food!

MPP:  Feeling guily for not drinking enough free beer after getting upgraded to 1st class. Usually too tired, and relaxed after months-long jobs.

barbaz

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Re: Mustachian People Problems (just for fun)
« Reply #3805 on: March 20, 2017, 04:27:23 AM »
Because even if you cook with leftovers it is better tasting than the free airport and airplane food.
When I was a student, our motto was "Taste is quality times quantity divided by price". Thus, as long as the quality remains above zero, free food is always tasty.

Uturn

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Re: Mustachian People Problems (just for fun)
« Reply #3806 on: March 20, 2017, 07:29:15 AM »
New MPP.   I have lost 15 lbs this year and my clothes are now ill fitting, but I am still 10 lbs from my goal weight, so I cannot get anything that fits yet.  So just as I am unfortunately back in the dating pool, I look a bit frumpy.  Maybe I just need to convince myself that chicks dig saggy buttt jeans. 
It's not about money, it's about mindset

Linda_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #3807 on: March 20, 2017, 07:34:45 AM »
New MPP.   I have lost 15 lbs this year and my clothes are now ill fitting, but I am still 10 lbs from my goal weight, so I cannot get anything that fits yet.  So just as I am unfortunately back in the dating pool, I look a bit frumpy.  Maybe I just need to convince myself that chicks dig saggy buttt jeans.

Try to use the sewing machine and adjust them. Or try to find some cheap used clothes in your current size.

Joggernot

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Re: Mustachian People Problems (just for fun)
« Reply #3808 on: March 20, 2017, 09:55:16 AM »
New MPP.   I have lost 15 lbs this year and my clothes are now ill fitting, but I am still 10 lbs from my goal weight, so I cannot get anything that fits yet.  So just as I am unfortunately back in the dating pool, I look a bit frumpy.  Maybe I just need to convince myself that chicks dig saggy buttt jeans.

Try to use the sewing machine and adjust them. Or try to find some cheap used clothes in your current size.
See the Thrift Shop thread.

4alpacas

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Re: Mustachian People Problems (just for fun)
« Reply #3809 on: March 20, 2017, 11:44:36 AM »
New MPP.   I have lost 15 lbs this year and my clothes are now ill fitting, but I am still 10 lbs from my goal weight, so I cannot get anything that fits yet.  So just as I am unfortunately back in the dating pool, I look a bit frumpy.  Maybe I just need to convince myself that chicks dig saggy buttt jeans.

Try to use the sewing machine and adjust them. Or try to find some cheap used clothes in your current size.
See the Thrift Shop thread.
+1
I'm also a fan of eBay, but that's more expensive than a thrift shop.  I spend about $10-$15 on a pair of jeans that I could get at a thrift shop for $5-7 (or new for $115).  However, I'm very attached to a specific type and style, so eBay just alerts me when there is an item that fits my criteria. 

merula

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Re: Mustachian People Problems (just for fun)
« Reply #3810 on: March 20, 2017, 05:31:43 PM »
Because even if you cook with leftovers it is better tasting than the free airport and airplane food.
When I was a student, our motto was "Taste is quality times quantity divided by price". Thus, as long as the quality remains above zero, free food is always tasty.

You must not have been math students. Free food makes that a divide-by-zero error.

But I agree with the sentiment that free food is almost always worthwhile.

Uturn

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Re: Mustachian People Problems (just for fun)
« Reply #3811 on: March 20, 2017, 06:46:44 PM »
Thrift shops for temporary clothes?  That's where I get my permanent clothes!
It's not about money, it's about mindset

theadvicist

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Re: Mustachian People Problems (just for fun)
« Reply #3812 on: March 21, 2017, 03:42:17 AM »
My MPP: I only buy meat and fish when it's reduced as it's nearing it sell-by date. I freeze it immediately, and meal plan from the freezer, so I never have to buy full-priced stuff.

Well, lately, I have just been getting deal after deal. A whole Seabass for 99p. Cod loin (two large fillets) for 1.33. A joint of beef for 2.99. A leg of lamb for 3.99!

My freezer is full, and yes, we could just eat like Kings every single night... but in reality we only eat meat and fish two or three times a week. I don't want us to get used to all that rich (in both senses) food every night. We enjoy vegetarian meals! But the freezer stash is getting out of control.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3813 on: March 21, 2017, 07:11:37 AM »
My MPP: I only buy meat and fish when it's reduced as it's nearing it sell-by date. I freeze it immediately, and meal plan from the freezer, so I never have to buy full-priced stuff.

Well, lately, I have just been getting deal after deal. A whole Seabass for 99p. Cod loin (two large fillets) for 1.33. A joint of beef for 2.99. A leg of lamb for 3.99!

My freezer is full, and yes, we could just eat like Kings every single night... but in reality we only eat meat and fish two or three times a week. I don't want us to get used to all that rich (in both senses) food every night. We enjoy vegetarian meals! But the freezer stash is getting out of control.
Then save even more by not not buying!

On a related MPP I just counted: I already eat half of the chocolade christmas stuff I bought for -2/3 in early January. Need to be careful so that I have no gap until Eastern and the reduced bunnies afterwards.

Linda_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #3814 on: March 21, 2017, 07:35:59 AM »

On a related MPP I just counted: I already eat half of the chocolate christmas stuff I bought for -2/3 in early January. Need to be careful so that I have no gap until Eastern and the reduced bunnies afterwards.

Thanks for the reminder. I should also go look for after-easter chocolate in the bulk shops. Only challenge is that I don't particularly like milk chocolate and that is 99% of what is sold in my country. But maybe I can find something that tastes good.

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Re: Mustachian People Problems (just for fun)
« Reply #3815 on: March 21, 2017, 08:02:31 AM »
When I sign up for a new credit card sign up bonus to do travel hacking (obtaining large amounts of points to redeem toward free travel), meeting the minimum spend required to get the bonus is a real challenge. 
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alewpanda

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Re: Mustachian People Problems (just for fun)
« Reply #3816 on: March 21, 2017, 09:10:26 AM »
MPP:

I had to convince myself that the dress that I loved the fit of and knew would be easy to dye to an even better color (black, black is better than almost any color), was worth the the goodwill price of 5.99.

I normally buy my clothes for 2-3.50.  The 5.99 almost kept me from it, but them I realized how ridiculous I was being.  Even after a 4.00 dye job, I would have an amazingly comfy, flattering and versatile dress for 10.00...a LBD at that! 

Such a problem to have......

Dollar Slice

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Re: Mustachian People Problems (just for fun)
« Reply #3817 on: March 22, 2017, 02:17:55 PM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)
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radram

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Re: Mustachian People Problems (just for fun)
« Reply #3818 on: March 22, 2017, 02:21:55 PM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

Aelias

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Re: Mustachian People Problems (just for fun)
« Reply #3819 on: March 22, 2017, 02:54:42 PM »
My "problem" if you want to call it that is conjuring up a fake smile and pretending I'm excited about the annual bonus. And to put this into context, my bonus these days amounts to approximately an additional paycheck, so it's nothing that changes my life ... or even my weekend.


Had a very similar experience when the head of our department was talking about all the opportunities for "advancement" in the company.

Wow--you mean I could get even more money, and all I have to do is take on more responsibility, travel more, and spend less time with my family?  Sign me up! ::sarcasm::

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3820 on: March 23, 2017, 04:33:05 AM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL
They rae performance of several years. So if that thing dropped 90% 2 years back...

iowajes

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Re: Mustachian People Problems (just for fun)
« Reply #3821 on: March 23, 2017, 06:41:20 AM »
MPP:

I had to convince myself that the dress that I loved the fit of and knew would be easy to dye to an even better color (black, black is better than almost any color), was worth the the goodwill price of 5.99.

I normally buy my clothes for 2-3.50.  The 5.99 almost kept me from it, but them I realized how ridiculous I was being.  Even after a 4.00 dye job, I would have an amazingly comfy, flattering and versatile dress for 10.00...a LBD at that! 

Such a problem to have......

I had someone trying to sell me some cute baby clothes for about $2 a piece. I told her no thanks, it was too much money.  I try to stay under $1 a piece and keep my average around 50 cents.  I don't care that someone originally bought them for $20 or more. That's insane.

I think I'd be wary of a $6 dress I had to dye.  Not all fabric takes dye evenly, so you could end up with a dud.

rantk81

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Re: Mustachian People Problems (just for fun)
« Reply #3822 on: March 23, 2017, 06:43:48 AM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

I'm a little surprised that Morningstar is even relevant anyway, and puzzled why anyone would bother to even care about any kind of "rating" of mutual funds. Seems like an obvious choice to me to just go with the lowest-expense-ratio index funds... and distribute your investible-assets between different asset-class funds based on your desired allocation.

alewpanda

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Re: Mustachian People Problems (just for fun)
« Reply #3823 on: March 23, 2017, 09:01:13 AM »
MPP:

I had to convince myself that the dress that I loved the fit of and knew would be easy to dye to an even better color (black, black is better than almost any color), was worth the the goodwill price of 5.99.

I normally buy my clothes for 2-3.50.  The 5.99 almost kept me from it, but them I realized how ridiculous I was being.  Even after a 4.00 dye job, I would have an amazingly comfy, flattering and versatile dress for 10.00...a LBD at that! 

Such a problem to have......



I had someone trying to sell me some cute baby clothes for about $2 a piece. I told her no thanks, it was too much money.  I try to stay under $1 a piece and keep my average around 50 cents.  I don't care that someone originally bought them for $20 or more. That's insane.

I think I'd be wary of a $6 dress I had to dye.  Not all fabric takes dye evenly, so you could end up with a dud.


I did my research on the fabric.  Seems it should dye similiarly to cotton, which I've dyed many, many times :)  So, yeah, still some risk....but I'm also really picky about dresses, and almost never find something at goodwill I like.  So I'll take the risk ;) 

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3824 on: March 24, 2017, 03:35:11 AM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

I'm a little surprised that Morningstar is even relevant anyway, and puzzled why anyone would bother to even care about any kind of "rating" of mutual funds. Seems like an obvious choice to me to just go with the lowest-expense-ratio index funds... and distribute your investible-assets between different asset-class funds based on your desired allocation.
I'm a little suprised that weather forecasts are even relevant anyway, and puzzled why anyone woudl bother to even care to watch them on TV or internet when all you need to do is look out of the window and into the sky.

Those ratings are to make money for rating firms. And they are used to sell stuff to people who have no knowledge about the topic. It's a nice marketing trick taking the "rating" of e.g. miles per gallon to a "rating" return on investment.
Of course past performance (which the ratins use almost exclusivly) is no indicaator for future performance, and you can read that every time, but the people just read it and say "duh, I know that!" and trust the rating anyway because experts made them.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #3825 on: March 24, 2017, 08:23:21 AM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

I'm a little surprised that Morningstar is even relevant anyway, and puzzled why anyone would bother to even care about any kind of "rating" of mutual funds. Seems like an obvious choice to me to just go with the lowest-expense-ratio index funds... and distribute your investible-assets between different asset-class funds based on your desired allocation.
I'm a little suprised that weather forecasts are even relevant anyway, and puzzled why anyone woudl bother to even care to watch them on TV or internet when all you need to do is look out of the window and into the sky.

Those ratings are to make money for rating firms. And they are used to sell stuff to people who have no knowledge about the topic. It's a nice marketing trick taking the "rating" of e.g. miles per gallon to a "rating" return on investment.
Of course past performance (which the ratins use almost exclusivly) is no indicaator for future performance, and you can read that every time, but the people just read it and say "duh, I know that!" and trust the rating anyway because experts made them.

Uh, is this sarcasm?  Weather forecasts are great for knowing if it's going to rain tomorrow.  More days out, less reliable, but still helpful

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3826 on: March 24, 2017, 11:01:36 AM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

I'm a little surprised that Morningstar is even relevant anyway, and puzzled why anyone would bother to even care about any kind of "rating" of mutual funds. Seems like an obvious choice to me to just go with the lowest-expense-ratio index funds... and distribute your investible-assets between different asset-class funds based on your desired allocation.
I'm a little suprised that weather forecasts are even relevant anyway, and puzzled why anyone woudl bother to even care to watch them on TV or internet when all you need to do is look out of the window and into the sky.

Those ratings are to make money for rating firms. And they are used to sell stuff to people who have no knowledge about the topic. It's a nice marketing trick taking the "rating" of e.g. miles per gallon to a "rating" return on investment.
Of course past performance (which the ratins use almost exclusivly) is no indicaator for future performance, and you can read that every time, but the people just read it and say "duh, I know that!" and trust the rating anyway because experts made them.

Uh, is this sarcasm?  Weather forecasts are great for knowing if it's going to rain tomorrow.  More days out, less reliable, but still helpful
But thats exactly what I said!
If you want to know if it is going to rain, just look out of the window and at the clowds and see it.

Oh, you mean you cannot do what was normal for 80% of people just a century back? Maybe you lack the knowledge then and have to rely on the weather rating of experts...

No, it wasn't sarcasm just a bit of irony.

RWD

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Re: Mustachian People Problems (just for fun)
« Reply #3827 on: March 24, 2017, 11:46:03 AM »
But thats exactly what I said!
If you want to know if it is going to rain, just look out of the window and at the clowds and see it.

Oh, you mean you cannot do what was normal for 80% of people just a century back? Maybe you lack the knowledge then and have to rely on the weather rating of experts...

No, it wasn't sarcasm just a bit of irony.

It's nice to know if you need to reschedule some outdoor activity several days out. Severe weather warnings are also helpful and are often not obvious hours in advance. Checking the weather report can keep you from getting caught in stuff like that. Also very important for routing/scheduling flights. It's not like the pilot can "see" the weather in a city 1000 miles away.
« Last Edit: August 17, 2017, 07:48:04 AM by RWD »

Bracken_Joy

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Re: Mustachian People Problems (just for fun)
« Reply #3828 on: March 24, 2017, 12:54:27 PM »
My MPP: I forgot that new clothes shrink. Between buy nothing group, thrift stores and just *not shopping*, it's been a long time since I've bought anything with long sleeves. I bought a zip up sweatshirt though, and the sleeves shrank =( I don't think it's so bad I'll need to return it, but I totally forgot that shrinking is a thing.
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dorothyc

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Re: Mustachian People Problems (just for fun)
« Reply #3829 on: March 24, 2017, 01:16:32 PM »
My MPP: I forgot that new clothes shrink. Between buy nothing group, thrift stores and just *not shopping*, it's been a long time since I've bought anything with long sleeves. I bought a zip up sweatshirt though, and the sleeves shrank =( I don't think it's so bad I'll need to return it, but I totally forgot that shrinking is a thing.

One of the great benefits of sewing is that you can pre-wash fabric so you know what you make with it will stay the same size. They don't bother in a lot of manufacturing as it saves them time and fabric, but then they are liberal with the "Dry Clean Only" labels where they wouldn't be needed if the fabric was preshrunk.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #3830 on: March 24, 2017, 02:44:08 PM »
I was going to post this screenshot on Facebook and make a joke about how I'm announcing my retirement tomorrow, but then I realized no one in my FB feed would get the joke. (If that percent increase turns out to be real, I really AM retiring tomorrow. You heard it here first.)

Boy did Morningstar ever get harsh on there ratings. How did it only receive 3 stars?  LOL

I'm a little surprised that Morningstar is even relevant anyway, and puzzled why anyone would bother to even care about any kind of "rating" of mutual funds. Seems like an obvious choice to me to just go with the lowest-expense-ratio index funds... and distribute your investible-assets between different asset-class funds based on your desired allocation.
I'm a little suprised that weather forecasts are even relevant anyway, and puzzled why anyone woudl bother to even care to watch them on TV or internet when all you need to do is look out of the window and into the sky.

Those ratings are to make money for rating firms. And they are used to sell stuff to people who have no knowledge about the topic. It's a nice marketing trick taking the "rating" of e.g. miles per gallon to a "rating" return on investment.
Of course past performance (which the ratins use almost exclusivly) is no indicaator for future performance, and you can read that every time, but the people just read it and say "duh, I know that!" and trust the rating anyway because experts made them.

Uh, is this sarcasm?  Weather forecasts are great for knowing if it's going to rain tomorrow.  More days out, less reliable, but still helpful
But thats exactly what I said!
If you want to know if it is going to rain, just look out of the window and at the clowds and see it.

Oh, you mean you cannot do what was normal for 80% of people just a century back? Maybe you lack the knowledge then and have to rely on the weather rating of experts...

No, it wasn't sarcasm just a bit of irony.

OK, I don't see how that's exactly what you said, seems the opposite.

And if Morningstar is just summarizing past returns, it's not very useful.  But I could be happy with a rating agency that actually tried to look at the financial capabilities of an ETF/mutual fund issuer and give me a rating.  All things being equal, I'd rather invest in a more liquid ETF run by a reputable firm vs. a highly illiquid ETF that tracks the same index, but does so very poorly because it's run by incompetent fools.  Sure, you can look up that data, but a bad rating could give you a first pass to eliminate funds that suck.

aceyou

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Re: Mustachian People Problems (just for fun)
« Reply #3831 on: March 25, 2017, 07:26:57 PM »
Today I got my paperwork back from the tax accountant.  I am almost ALWAYS within a thousand dollars of paying the correct amount of federal/state income taxes, so the refund or amount I owe is very small. 

But this year I have a problem.  I am apparently getting $5,000 returned to me.  I've been giving our federal government a tax free loan all year, and had no idea!

I believe the cause is finding MMM, and deciding to contribute about $60,000 to tax deferred accounts in 2016, instead of...umm...zero?  That's the most likely explanation I can think of, but I'm not sure how the mathematics of that works, because I don't know how my employer decides to handle withholdings...as a math teacher, this troubles me. 

Oh, and I forgot to mention that I already have WAY too much of my assets in cash, and now, more cash.  Ughhh.

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #3832 on: March 25, 2017, 07:32:03 PM »
Today I got my paperwork back from the tax accountant.  I am almost ALWAYS within a thousand dollars of paying the correct amount of federal/state income taxes, so the refund or amount I owe is very small. 

But this year I have a problem.  I am apparently getting $5,000 returned to me.  I've been giving our federal government a tax free loan all year, and had no idea!

I believe the cause is finding MMM, and deciding to contribute about $60,000 to tax deferred accounts in 2016, instead of...umm...zero?  That's the most likely explanation I can think of, but I'm not sure how the mathematics of that works, because I don't know how my employer decides to handle withholdings...as a math teacher, this troubles me. 

Oh, and I forgot to mention that I already have WAY too much of my assets in cash, and now, more cash.  Ughhh.

Well, you can put the $5k into a 2017 Roth IRA now.

Or just open a taxable account at Vanguard.
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aceyou

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Re: Mustachian People Problems (just for fun)
« Reply #3833 on: March 25, 2017, 07:59:13 PM »
Today I got my paperwork back from the tax accountant.  I am almost ALWAYS within a thousand dollars of paying the correct amount of federal/state income taxes, so the refund or amount I owe is very small. 

But this year I have a problem.  I am apparently getting $5,000 returned to me.  I've been giving our federal government a tax free loan all year, and had no idea!

I believe the cause is finding MMM, and deciding to contribute about $60,000 to tax deferred accounts in 2016, instead of...umm...zero?  That's the most likely explanation I can think of, but I'm not sure how the mathematics of that works, because I don't know how my employer decides to handle withholdings...as a math teacher, this troubles me. 

Oh, and I forgot to mention that I already have WAY too much of my assets in cash, and now, more cash.  Ughhh.

Well, you can put the $5k into a 2017 Roth IRA now.

Or just open a taxable account at Vanguard.

Hi Tom,

I've already filled up my Roth for 2017.  Your suggestion for creating a taxable account at Vanguard is a valid consideration. 

How much hassle would that entail? A little background...

  I'm starting a process of putting about 72k into 403's/457's and and 11k into Roths each year between my wife and I.  Doing that is depleting about 20k of my cash reserves each year.  In a couple years I'll likely want to pull that taxable money back into my bank so I can fill up my tax deferred buckets a bit longer.  I'd want to think about whether opening a taxable account is worth it. 

Thanks.

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #3834 on: March 25, 2017, 09:05:58 PM »
Today I got my paperwork back from the tax accountant.  I am almost ALWAYS within a thousand dollars of paying the correct amount of federal/state income taxes, so the refund or amount I owe is very small. 

But this year I have a problem.  I am apparently getting $5,000 returned to me.  I've been giving our federal government a tax free loan all year, and had no idea!

I believe the cause is finding MMM, and deciding to contribute about $60,000 to tax deferred accounts in 2016, instead of...umm...zero?  That's the most likely explanation I can think of, but I'm not sure how the mathematics of that works, because I don't know how my employer decides to handle withholdings...as a math teacher, this troubles me. 

Oh, and I forgot to mention that I already have WAY too much of my assets in cash, and now, more cash.  Ughhh.

Well, you can put the $5k into a 2017 Roth IRA now.

Or just open a taxable account at Vanguard.

Hi Tom,

I've already filled up my Roth for 2017.  Your suggestion for creating a taxable account at Vanguard is a valid consideration. 

How much hassle would that entail? A little background...

  I'm starting a process of putting about 72k into 403's/457's and and 11k into Roths each year between my wife and I.  Doing that is depleting about 20k of my cash reserves each year.  In a couple years I'll likely want to pull that taxable money back into my bank so I can fill up my tax deferred buckets a bit longer.  I'd want to think about whether opening a taxable account is worth it. 

Thanks.

If it's just a couple of years, I wouldn't bother.

Do you have an option to make some of your 403/457 contributions a Roth? At least to "use up" the 15% tax bracket.

Do you have plans to convert your 403/457 into Roth before RMD time? The RMD has a nasty interaction with social security, if you will be eligible. Basically, as income goes up more of SS is taxed. The effective tax rate can be horrifying if you are stuck in the wrong band.
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stache9434

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Re: Mustachian People Problems (just for fun)
« Reply #3835 on: March 25, 2017, 10:46:19 PM »
I was using US Bank's auto loan calculator to see what kind of monthly payment I might be looking at. It assumes that I am trading in my old car and still owe at least $4,000 on it. It's a 20 year old car, WHY WOULD I STILL OWE $4,000 ON IT?!?

( I get being in debt for a vehicle is fairly normal in our society, but I really don't understand why these calculators don't let you put in whatever value you want)

aceyou

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Re: Mustachian People Problems (just for fun)
« Reply #3836 on: March 26, 2017, 05:28:55 AM »

Thanks.

If it's just a couple of years, I wouldn't bother.

Do you have an option to make some of your 403/457 contributions a Roth? At least to "use up" the 15% tax bracket.

Do you have plans to convert your 403/457 into Roth before RMD time? The RMD has a nasty interaction with social security, if you will be eligible. Basically, as income goes up more of SS is taxed. The effective tax rate can be horrifying if you are stuck in the wrong band.
[/quote]

Hello again Tom. My 403B can be Roth'ed, and it's possible that my wife's can too.   I should look into that.  I should add that at age 48 my wife and I will likely both receive large pensions, which will push our income up that much higher, making the issue with SS even more pronounced. 

My plan was to do it all pretax this year, and then Roth a bunch of it next year, but maybe I should fill out some paperwork sooner to make that happen. 

Thanks again. 

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #3837 on: March 27, 2017, 02:03:24 PM »
I'm buying a house! yay! I don't have a couch. The couch is my roommate's. Won't be living with her anymore. Now I need to buy a couch. I don't want the spend the money on a really high quality couch, but also don't want to replace couches every year or three. And lack of time is a problem right now, too much going on.

On the other hand, my mom is fundamentally horrified that I'm going to have 3 empty rooms in my new house (they'll move in with me at some point). I'm perfectly ok with it. Easier to clean.

kelvin

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Re: Mustachian People Problems (just for fun)
« Reply #3838 on: March 27, 2017, 02:34:02 PM »
Ask the mom to bring a couch. I'm sure she has one?

I bought one of those folding recliner things that was labelled "Zero-Gravity". Now I can read novels like an astronaut!

dreams_and_discoveries

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Re: Mustachian People Problems (just for fun)
« Reply #3839 on: March 27, 2017, 02:55:50 PM »
In the UK, it's the end of the tax year.

I did provisional numbers and my savings rate is looking like 80.004% - I'm trying to spend nothing until new tax year to keep the rate over 80% true and proper, rather than rely on rounding.


SilveradoBojangles

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Re: Mustachian People Problems (just for fun)
« Reply #3840 on: April 15, 2017, 03:21:44 PM »
I need some gear tape to repair a down jacket that got a hole in it, but it's an add on item on amazon and we can't think of anything else to buy.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3841 on: April 16, 2017, 01:40:41 AM »
I need some gear tape to repair a down jacket that got a hole in it, but it's an add on item on amazon and we can't think of anything else to buy.
Buy a book. Read it. Donate it to a library. Or make a tiny free library yourself ;)

neverrun

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Re: Mustachian People Problems (just for fun)
« Reply #3842 on: April 16, 2017, 04:03:44 AM »
Greensheep: Yeah, Vanguard doesn't like it when Mint refreshes so it sends me a security code to my phone and blocks Mint...I have removed the account from Mint for now since it's empty (got ahead of myself opening that one) but I'm not sure what I'll do once I start using that account.

merula: Good idea, thanks! I'll give it a try. I've just been manually adjusting it by checking the 'reimbursable' check box on each transaction individually but it would be nice if it automatically recognized it.

I can't figure out how to link my HSA to Personal Capital so I just manually update it.  Currently the account is relatively small so I just do so once a quarter, as it gets bigger I might adjust the manual update to once a month.

neverrun

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Re: Mustachian People Problems (just for fun)
« Reply #3843 on: April 16, 2017, 04:17:35 AM »
My "problem" if you want to call it that is conjuring up a fake smile and pretending I'm excited about the annual bonus. And to put this into context, my bonus these days amounts to approximately an additional paycheck, so it's nothing that changes my life ... or even my weekend.


Had a very similar experience when the head of our department was talking about all the opportunities for "advancement" in the company.

Wow--you mean I could get even more money, and all I have to do is take on more responsibility, travel more, and spend less time with my family?  Sign me up! ::sarcasm::

For me, it's not caring about promotion, and not thinking about what job I'm going to take for my "retirement job"

neverrun

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Re: Mustachian People Problems (just for fun)
« Reply #3844 on: April 19, 2017, 05:16:38 AM »
This morning, Personal Capital decided that it did not have a complete picture of my finances.  It noticed I did not have a mortgage linked.  Not wanting the system to be upset, I manually entered a mortgage of $0. 

lchu

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Re: Mustachian People Problems (just for fun)
« Reply #3845 on: April 19, 2017, 06:21:50 AM »
Met with a financial rep to get information about a 403b plan at work and glitched his company's online retirement calculator by having a savings rate of 40% of my income.

Poor guy got so flustered he couldn't even finish the rest of the presentation.

merula

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Re: Mustachian People Problems (just for fun)
« Reply #3846 on: April 19, 2017, 06:55:13 AM »
Adding to the Personal Capital MPPs, for MONTHS I've been getting a message saying I have too much cash and I should invest it in their recommendations. My cash is checking, emergency fund and a house projects fund.

Only now that I'm actually doing those house projects, I'm getting a messages that say "Do you have enough cash on hand? It looks like you have less than two months of expenses." and "Are you saving enough? A good goal is to save 20% of your income and pay down debts like student loans".

Doesn't give me a lot of faith in their financial advice.

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Re: Mustachian People Problems (just for fun)
« Reply #3847 on: April 21, 2017, 10:04:22 AM »
Yesterday I stopped at Aldi on my way home from work.  There was a manager's special on family-pack boneless chicken breasts: $5 off per package; regular price an already excellent $1.69/lb.  So I got 4.8 lbs of chicken for $3!

The MPP?  Between my work stuff and other needed groceries, I only had room in my bike bag to carry one package.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #3848 on: April 21, 2017, 11:43:38 AM »
Yesterday I stopped at Aldi on my way home from work.  There was a manager's special on family-pack boneless chicken breasts: $5 off per package; regular price an already excellent $1.69/lb.  So I got 4.8 lbs of chicken for $3!

The MPP?  Between my work stuff and other needed groceries, I only had room in my bike bag to carry one package.
My town has since about a year a store that mostly sells "leftovers". That means for example a big chain ordered 10t Salami.
In one delivery the store found an error and send back all (they don't sort in this case, take all or nothing). So now the producer got 100kg back and found it 90kg still perfect. But he has nobody to sell to.

So the "leftover" store takes that stuff and sells it for cheap. Or cancelled orders the producer already payed up in the chain. Or things close to best by date. Whatever.

2 days ago I was there again (other side of town, so I don't go there every week since it woudl be a trip just for that you never know what you can find).
Again they had the 4kg Salami bombs that are for hotels I guess. But not the Salami I already took there 4 times (600g). And no sausages that were there for month, too. No meat that I liked :(
But I got 700g cheap cheese, 3 huge apples, 300g dirt cheap chocolade (still from christmas) and 2x500g sliced grainy bread for less then half that it costs in the normal stores, still fresh with date 24th.

The MPP? The day before I already bought a normal loaf. So I now have 2 halves in the freezer. That "unneccessary" freezing probably cost me 10cents to save the 1 for the bread. Dang!

damnedbee

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Re: Mustachian People Problems (just for fun)
« Reply #3849 on: April 21, 2017, 12:54:14 PM »
Yesterday I was at a mandatory HR training that not only reinforced why I'm pursuing FIRE (e.g., not having to go to mandatory HR trainings) but possibly qualifies as a Mustachian problem. The subject of retirement came up, and someone cracked a joke that "we'll all be working into our 70s and 80s, anyway."

The whole room laughed and nodded, and I just sat there. I was smiling inwardly, but not for the same reason.