The only reason we switched from doing our own to paying a CPA is when my wife started operating her own business. This was more to have someone to ask questions about making sure she covers all of her tax obligations who can answer authoritatively and back us up if anything comes back to us in the future (since she is sole prop. and going it alone). We paid $200 the first year, and considering turbotax would have been about that much, getting our taxes filed for us was practically just a bonus. She charges a little more now, but it’s still worth it IMO just to not have to deal with doing the actual paperwork and having someone who will help us out if anything does come back to us. I would say anyone who just has W2 income and maybe some stock sales doesn’t have a complicated enough situation to warrant a CPA, and should just use FreeTaxUSA (and hopefully over the next couple years, the auto filing program with the government will eliminate the need for that, too).

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it feels like treading water and then rather suddenly having a credible chance.

That’s a good reminder. Just haven’t had one of those years yet. Thanks for the perspective.

I didn’t think an expense ratio of 0.08% was considered high?

Everyone always quotes the growth of the S&P500, but isn’t pretty much no one 100% invested for their entire retirement in the S&P500? My 401k is in a target date 2055 and my Roth is split between FXAIX (S&P500, 55%), FSPSX (international, 20%), FSMAX (extended market, 15%), FXNAX (bonds, 10%). It’s a little conservative but not that conservative.

Fidelity says my Roth 1Y returns are 10.8% compared to S&P 500’s 10.3%. It says my 1Y returns on my target date 2055 are 18.0%. Neither of those numbers can be accurate so it’s hard to know what to read in to them. If I try to calculate my returns in a very simple way (take current value, subtract contributions from the last 12 months, which can be easily looked up, call that number X, then find the growth rate that takes the account value I had as Nov. 1st last year and compound that at different rates until it produces X as of now - this gives an upper bound on returns, since the returns of the various money deposited throughout the year at random times is treated as not growing at all), I get 1%. And that’s 1% before inflation.

I know the S&P500 is 10% YoY over really long time scales, and I also know that number is like +/-15% year to year. But it feels like my fund picks are pretty normal yet they’re not worth any more than what I put in to them since I started saving. Because of that, I’d have to have a 30+% savings rate in order to catch up to the “X salary by Y age” rule because the assumptions over the growth rate of the accounts are wildly off in the years since I started investing.

Thoughts? I have to admit I’ve been nervous about this for a while now, with “once in a generation” events happening on a seemingly yearly basis, I started saving for retirement in 2019 and it seems like things have essentially traded sideways since then - my accounts are barely worth more than the money I’ve put in to them. The article is quite gloomy.

Unfortunately you can’t just recuse yourself from society. You’re still impacted by who the president is even if you don’t vote for them.

You’re still using public utilities. Driving on public roads. Interacting with people who went to public schools.

Acting like both choices are the same because they will always eventually do something you don’t like is disingenuous and you know it.

I am surprised the age would be so young. My dad retired at 67 but went right back to work a year later, still working now (71). Health insurance do be expensive. I wonder how this statistic would capture someone like him. My mother was working until she died at 60, but would have likely been in a similar situation, trying to keep working as long as possible, certainly was not looking at retirement within a year or two.

My wife’s parents are younger (late 50s) but in the same boat, there is no path to retirement for them and they plan to just keep working. The only people I know who managed to retire by any conventional definition are or were Silent Generation.

Also if a quick Google result is anything to go on, Apple sells hundreds of millions of iPhones a year. 3% of that is still a fuckload of people and IMO proves there is a market for it. Just maybe not a market that needs yearly attention. You also have to remember that’s split between tons of SKUs, so you would expect all of them to hover in the single digits to low teens.

I got my wife a 12 Mini - she loves it. The battery life is absolutely the worst thing about it, but it sounds like the 13 Mini was a huge upgrade in that regard and I had hopes it would continue to get better with future versions.

Something else that may not be taken in to account - the kinds of people buying the Mini are I would wager on a longer upgrade period than the kinds of people who buy e.g. a base iPhone or Pro model. The kind of person buying a Mini I would bet is closer to the kind of buyer that has historically bought the SE - they probably only upgrade every 3 or 4 years rather than the more stereotypical 2. Pro numbers are also skewed by the hyper fans who upgrade yearly and therefore show up in the stats a lot more, even though they’re both a firm Apple customer.

There is also this interesting note at the end of the article:

“Other reports … overwhelmingly presented the same picture of low ‌iPhone 14‌ Plus sales, to the extent that Apple was forced to slash production, suggesting that the low sales of the ‌iPhone 12 mini‌ and ‌iPhone 13‌ mini may not have been caused by the device’s size after all.”

I think the Mini should become the new SE. Keep it on 2+ year old CPU, keep it 60Hz, at least the form factor and design language will match the rest of the lineup unlike now where the SE has a design from 2016. That would be perfect for people like my wife, who want the smallest cheapest phone that’s technically an iPhone, and are only going to upgrade every few years.

Diamine Autumn Oak, Montblanc Corn Poppy Red, Montblanc Golden Yellow. I’m not sure which if any of these are still being made though, probably not the yellow.

The IRS has been saying for years they in many cases don’t actually have the funding to dedicate to fighting multimillionaires who can afford protracted legal battles to avoid taxes. The IRS was granted a lot more funding as part of the Inflation Reduction Act, which is a direct result of the current administration. The government is big and slow though, things take time.

Graphical fidelity has not materially improved since the days of Crysis 1, 16 years ago. The only two meaningful changes for how difficult games should be to run in that time are that 1440p & 2160p have become more common, and raytracing. But consoles being content to run at dynamic resolutions and 30fps combined with tools developed to make raytracting palatable (DLSS) have made developers complacent to have their games run like absolute garbage even on mid spec hardware that should have no trouble running 1080p/60fps.

Destiny 2 was famously well optimized at launch. I was running an easy 1440p/120fps in pretty much all scenarios maxed out on a 1080 Ti. The more new zones come out, the worse performance seems to be in each, even though I now have a 3090.

I am loving BG3 but the entire city in act 3 can barely run 40fps on a 3090, and it is not an especially gorgeous looking game. The only thing I can really imagine is that maxed out the character models and armor models do look quite nice. But a lot of environment art is extremely low-poly. I should not have to turn on DLSS to get playable framerates in a game like this with a Titan class card.

Nvidia and AMD just keep cranking the power on the cards, they’re now 3+ slot behemoths to deal with all the heat, which also means cranking the price. They also seem to think 30fps is acceptable, which it just… is not. Especially not in first person games.

This thread is an amusing display of sample bias. Only people that want to respond yes and brag about it bothering to respond.

In reality only about 2/3rds of people in the US can drive stick and almost no one owns manual cars.

I’ve never driven a manual car. I’ve had people be like “You can’t drive manual?!” and then I would respond “So are you going to teach me?” The answer is always No, of course not, not in their car (assuming they even owned a manual, which none do anymore). My parents had manual cars but sold them 10+ years before having me.

I understand how a clutch works. It wouldn’t be difficult to learn. But what reason or motivation is there to learn when almost no cars are manual? They total something like 2% of new car sales. If you’re buying something like a 718 GT4 RS or a 911 GT3 RS for maximum driving engagement that’s great, but those cars are priced for the 1% of the 1%.

Even if you had a fun car, which I do, the drive to work is stop-and-go, roads are full, even the fun country backroads are filled with traffic on weekends, forests are burned down, gas is eye-watteringly expensive if you have a slightly performant vehicle. The time to have fun driving cars was 40 years ago.

This is the only path I see - real estate needs to not be a guaranteed profit generator. It’s been viewed this way for decades. Rents are allowed to increase indefinitely, which inflates property values, which raises taxes, which raises mortgages, which raises rents, because real estate is said to be zero risk maximum reward investment. So it’s better to hold an empty unit until someone comes along willing to pay the price you’re asking than let it go for less.

The only way I see around this is a really aggressive cap on rent. Like, once a rent is established, it can never be raised, for any reason, ever again (unless the property were radically transformed, like a large single family plot in to a townhouse development, condos, etc.). The home value can still do whatever, but it no longer has the catalyzing agent of perpetually exploding rents to drive it up.

I spent a few weeks reading as much about rent control as I could, where it had been tried and analyzing how they failed. The legislation has never been remotely extensive enough - only touching a handful of (usually very old) structures in a single neighborhood, county, or city. Of course if there is a cluster of rent controlled units you will depress building where the properties might not generate as much profit vs. guaranteed to generate profit forever. But if it applies everywhere at once, you don’t have this problem. Landlords evicted tenants to get around the caps, because the only mechanism to increase rent beyond the cap was to cycle tenants out. So the real problem here is landlords taking it out on their tenants, rather than let the properties simply not be a guaranteed infinite profit generator. Finally people in rent controlled units tend to stay in rent controlled units, limiting mobility. This seems to be cited as a weakness but I never came across an adequate explanation as to why. You have to make landlording simply not worth it to bring the number of people who want to own homes in to balance.

New developments would be able to charge whatever rent they wanted, if they wanted to rent them. So if you are absolutely determined to own and rent out properties, you have to keep building them if you want to keep setting new market rates.

An interesting note though is once rents are largely stagnant (except for some special exceptions I would make where owning single units is unusual, like apartment complexes own by single property management firms who handle communal landscaping, clubhouse, etc.), those properties will actually remain competitive for longer… in an environment where average rents go up 10% a year, of course not increasing rent will make it unprofitable very quickly and you might as well sell… but when average rents go up 1% a year, it will actually stay profitable for a lot longer even if you can’t increase rent. So I don’t foresee an instant flood of the housing market.

I also see benefit to pairing this kind of legislation with one that bars or otherwise limits corporations, especially foreign corporations, from owning and renting single family properties, but that’s a separate issue I haven’t studied as extensively.

We typically spend between $800~1400 between two people on all food in a given month. Granted that’s high, but considering that includes everything from grocery trips, meaning paper products, cat food, alcohol… one thing that was interesting for me looking at the data is our ratio of spend on eating out doesn’t strongly correlate to the total we spend for the month. For instance:

July was a super high outlier overall, but it was driven by our grocery spending more than our eating out spending. Major contributing factors were meeting friends more often than usual (four weekends of providing alcohol) and a Costco run. Our eating out generally constitutes lots of runs to e.g. Subway, Chipotle. I get a $6 coffee ~once a month, my wife doesn’t drink coffee. We very rarely go down to sit-down restaurants and have a $50-100 meal, basically only for birthdays or anniversaries. That also hit in July (anniversary).

Part of what’s going on is I think rapidly fluctuating food prices and the fact that for the last ~year groceries had been so much more expensive than normal and a lot of “fast food” at least hadn’t appeared to update their prices at a comparable rate. So we might be spending $10 to make a meal for two at home or $20 to eat out together. So eating out ~twice a week vs. ~once a week barely registers on a typical monthly food spend.

Yup. My wife and I both own Subarus, we get “please let us buy your car!” letters from local dealerships on a monthly basis and have been since we bought hers in 2018.

This was exactly the calculus I was doing with my wife in 2017~2018. Her car was a fourth-hand 2003 Hyundai Elantra which had been run in to the ground before she ever even got it (but to be fair, it was both free and better than what she was driving before). I was looking at used car prices and thinking, is it really worth it to save less than $5k when I get a car that’s 5 years newer with 50,000 fewer miles and all of its warranty in-tact? The PF advice I was seeing at that time was maddening, and mirrored a lot of what you’re saying - “cars lose half their value off the lot, buy a used civic for $5k and drive the wheels off” - but that had already not existed for years. And then the pandemic supercharged used car prices and they just sort of never came back down. And then rates went up and they still won’t come down.

We ended up buying a brand new 2019 Impreza in an undesirable color for $19k, financed with nothing down and 0.9%. Now it’s paid off, I feel like in retrospect it was very much the right call.

Quality of knock-off brands like Jinhao and Wing Sung is going to be pretty universally shit. You can usually buy a handful and one will be at least decent though.

One thing you could check - any moisture present in the cap can tend to draw more moisture out of the pen. You could dry rinsing and then thoroughly drying (Q-tip, compressed air, whatever) the inside of the cap, dab the section and nib to make sure it’s fully clean, let it dry for a bit (you can shield the nib from air with a cloth to keep it from fully drying out) and then try writing with it and capping it again to see if it sorts itself. If not it might just be way too wet and dumping ink in the cap, or you’re knocking the pen around too much causing ink to leak from the feed. This is all of course assuming it’s otherwise properly tuned.