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Re: engineers - please help with engineering school selectio

State Engineering school is incredibly painful, even for smart kids. It is not exaggerating to say it is 4 years of hell. Who do you want designing your bridges? The guy who coasted through a grade-inflated school where everyone graduates? Or the guy who graduated from a school that failed half the...
by HomerJ
Sat Apr 18, 2015 12:50 am
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 162
Views: 8796

Re: Favorite Boglehead Avatar?

Homer has made me laugh for 25 years. I mean, truly laugh out loud.... That's got to be good for ones health. Marge (to Homer): So you want to go on tour with a traveling freak show. Homer: I don't think I have a choice, Marge. Marge: Of course you have a choice. Homer: How do you figure? Marge: You...
by HomerJ
Thu Apr 16, 2015 3:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4567

Re: How does a retired person mitigate a Bond Bubble?

Bonds self-correct... If rates go up, your bond fund may drop in value, but now you're getting more each month because interest rates are higher... Rates go up 1%, bond fund value drops 5%, but that same year you collect 3.2% in dividends... Next year, rates go up 1% again, you lose another 5% in va...
by HomerJ
Thu Apr 16, 2015 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: How does a retired person mitigate a Bond Bubble?
Replies: 46
Views: 5682

Re: Anxiety about market fluctuations

we added going to the local playhouse 5 or 6 times a year, a bit nicer vacation then in the past, eating out a bit more, paying for some services instead of doing them, etc. Most things we can reverse if required. This is the trick I think... Don't go out and buy a bigger house or a better car... S...
by HomerJ
Thu Apr 16, 2015 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Anxiety about market fluctuations
Replies: 13
Views: 1098

Re: Vehicle for tall people/Spouse wants 50k car help!

Not a chance in the world of my wife buying a minivan right now. They are very comfortable and awesome on long trips... I drove to Orlando from Kansas City in a minivan with two small children, and there was room to put a cooler and a bunch of books and toys between their two captain's chairs in th...
by HomerJ
Wed Apr 15, 2015 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 74
Views: 5064

Re: Vehicle for tall people/Spouse wants 50k car help!

One word... Minivan.

Okay, more words: Cheaper and more comfortable with 3 kids than a SUV. Make sure to get captain chairs in the second row, not a bench seat. So it's not cool. Cool is not worth an extra $20k.
by HomerJ
Wed Apr 15, 2015 5:31 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 74
Views: 5064

Re: PIMCO Total Return - half cash?

Maynard F. Speer wrote:With a strong US dollar and weakening Euro, there are probably better returns to be had betting on currency movements than going long on bonds right now ..


Unless you guess wrong.

And PIMCO has shown that they can guess wrong sometimes just as well as anyone else with a PhD.
by HomerJ
Wed Apr 15, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: PIMCO Total Return - half cash?
Replies: 10
Views: 1369

Re: Is it ok to NOT have significant taxable investments?

Well, if you want to retire early, it might be a good idea to have some money in taxable...

Or if you want to splurge pre-retirement... :)

My wife and I bought a lake condo with cash last year... couldn't have done that if all our money had been in a tax-deferred account.
by HomerJ
Wed Apr 15, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4588

Re: WSJ: You may need less than 80% in retirement

My retirement spending equals 100% of my pre-retirement spending. Well, sure... But the question is about what percentage of your salary do you need to replace? Most of us agree that that is a very silly question, and the question should be "What will your expenses be in retirement?", and...
by HomerJ
Wed Apr 15, 2015 11:24 am
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8892

Re: Finally some good news on retirement

Finally, a common sense article about the reality of post-retirement expenses and their relationship to pre-retirement expenses, and the foolishness of the so-called conventional wisdom that you should plan to replace 80% of your pre-retirement income. I am not retired, and I spend about 55% of my ...
by HomerJ
Mon Apr 13, 2015 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8892

Re: On a budget and Friday night

Sit on the deck with neighbors or family and drink a few beers...

Watch a movie on Netflix or rented from Red-box

Ping-Pong tournament with the wife and/or kids.

Maybe a card game while making dinner.
by HomerJ
Mon Apr 13, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5022

Re: Anyone semi-retired? What's it like?

I'd love to work part-time, but it seems like working part-time could be dangerous for job security... So I don't really feel comfortable working part-time until I'm financially independent... But once I'm financially independent, why work at all? I plan to retire at 55 (I'm 45 now)... If I could gu...
by HomerJ
Mon Apr 13, 2015 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 2506

Re: Am I part of the problem??

I worked for a HFT firm for a while as an IT guy... I didn't think I was doing anything wrong... But I must admit I do feel better now that I work for a company that actually MAKES things... For one, it's easier to explain what my company does when people ask me who I work for... (Although our margi...
by HomerJ
Sun Apr 12, 2015 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8317

Re: Cost of College & Weighing the Merits of Top Schools

Graduates from outstanding schools in lower cost of living areas usually stick around and get lower salary in those areas. Yes and might actually have a higher standard of living, due to lower costs and lower taxes. Exactly... I could make 50% more on the coasts, but my housing costs would go up 20...
by HomerJ
Sun Apr 12, 2015 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Prenup

a robust discussion! i like it! thanks for the input everyone. it seems most folk don't think the prenup makes sense in this situation. i am not sure if someone has a definitive answer, but the situation that comes to mind is what if one of the docs stops working after kids come into the picture. a...
by HomerJ
Sun Apr 12, 2015 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4976

Re: Cost of College & Weighing the Merits of Top Schools

People don't want their kids to suffer like they suffered... But, it's usually BECAUSE you suffered, that you are the person you are today... If you protect your children so they never have to suffer, they may miss some of the lessons you learned... You can tell a kid a stove is hot over and over, b...
by HomerJ
Sun Apr 12, 2015 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Prenup

Professor Emeritus wrote:Most of the agreements I have seen are not designed to 'make the partnership work" , that is why they are routinely "sprung" on the weaker party right before a wedding.


You've seen a lot of pre-nup agreements?
by HomerJ
Sat Apr 11, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4976

Re: Prenup

OP, if I were you, introduce this hypothetical to your friend. Imagine 10 years from now , your friend is a physician who works 80 hours a week and his wife is a stay-at-home-spouse and he discovers she's been having an illicit affair for months. Would your friend want to be on the hook for thousan...
by HomerJ
Sat Apr 11, 2015 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4976

Re: Hate where we live, do we make major changes?

WNY summers are absolutely awesome. In addition to the great summer weather, Lake Erie, the Niagara River, and Lake Ontario offer plenty of recreation in the summer. I think it's interesting that in the 1800s, most new settlers went for the northern states, because the summers were nice, and the wi...
by HomerJ
Fri Apr 10, 2015 11:08 am
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 12079

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

For me, I'd rather live in a LCOL area in CA than in Midwest so I can get a better balance between what kind of life I live now and what I can afford when when I retire. There are LCOL areas in CA? How far is your commute? Anyway, another option for people who live in CA because they hate snow is T...
by HomerJ
Fri Apr 10, 2015 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: Prenup

They seem to be equal...for now. That doesn't mean it will be that way in the future. Things change. Should they consider a prenup? Yes, they should. :moneybag How does that work? It's one thing to write a prenup "This $200k I made before I met you stays mine in case we get a divorce" It'...
by HomerJ
Fri Apr 10, 2015 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 4976

Re: Cost of College & Weighing the Merits of Top Schools

Simpsons quote (Mr. Burns went to Yale for those of you who don't watch the greatest show on television): Burns' First Cellmate: Hiya, pal! I guess we're just two white-collar criminals. Mr. Burns: Oh, thank God. I thought you might be a hardened tattooed criminal. Burns' First Cellmate: Nah, they d...
by HomerJ
Fri Apr 10, 2015 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Cost of College & Weighing the Merits of Top Schools

4) This being a state university, there was no grade inflation, and again the constant attempts to flunk people out. I never knew that at private schools, grade inflation is rampant and they don't try to fail you out. Later on, when I worked with people from Ivys and Stanford, I found myself saying...
by HomerJ
Fri Apr 10, 2015 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Cost of College & Weighing the Merits of Top Schools

I went to an Ivy League school, which means I am really a total bad ass when I have to fill in circles with a number 2 pencil. But I have a $7,000 watch, a country club membership, a Mercedes and A $3,000,000 house. If you want to an Ivy League school, you'd have swell stuff too. Maybe. Technically...
by HomerJ
Fri Apr 10, 2015 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Now what you're not seeing is the fact that you can still make 6 figures here, but the cost of living is incredibly low. So people from Nebraska seem to have more fun money that they can use to travel, buy bigger houses, retire early, or spend on boats and lake cabins and hunting lodges, classic ca...
by HomerJ
Thu Apr 09, 2015 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

Now what you're not seeing is the fact that you can still make 6 figures here, but the cost of living is incredibly low. So people from Nebraska seem to have more fun money that they can use to travel, buy bigger houses, retire early, or spend on boats and lake cabins and hunting lodges, classic ca...
by HomerJ
Thu Apr 09, 2015 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: set aside 3 years cash and buy when crasing

if stocks crash 50% how long it takes come back to where it was Could be 2-3 years, could be 10-15 years. Planning around the next crash being just like 2008-2009 is very foolish. sete asidec cash for 3 years expenses and buy when stock crashe isnt it a good idears It's a good idea if you don't los...
by HomerJ
Thu Apr 09, 2015 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: Cost of College & Weighing the Merits of Top Schools

I don't buy the premise that a great, but not "stellar" student will have a tougher time at Elite U versus a top State U honors program. Those honors schools have some brilliant superstars and the competition, once you are in, can be just as tough as at Elite This is also a good point for...
by HomerJ
Thu Apr 09, 2015 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

It just took me a lot of time to get beyond a $100,000/yr salary. What would a 50yr old techie guy do in Kansas, Oklahoma or Nebraska ? I confess I don't have the foggiest clue. Never been to those places. If you have 10-20 years of experience, you could make over $100k in an IT job here in the Mid...
by HomerJ
Tue Apr 07, 2015 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

davidsorensen32 wrote:I have 4 letters for you, repeated thrice : Jobs Jobs Jobs.

sk.dolcevita wrote:I have never met anyone wishing they lived in Kansas, Oklahoma, Nebraska, or other two dozen states? I guess that explains why the real estate is cheap there.


I'm confused... are you saying there are no jobs in Kansas, Oklahoma, etc.?
by HomerJ
Tue Apr 07, 2015 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

davidsorensen32 wrote:Any thoughts from the wise folks ?


Move.
by HomerJ
Tue Apr 07, 2015 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10915

Re: Cost of College & Weighing the Merits of Top Schools

However, there are other not easily quantified benefits of an Ivy education - meeting your future spouse with similar values, opening doors on Wall St., bragging rights, etc. So there may be other reasons for the premium - ymmv. Yeah I want my kid to sell his soul on Wall Street and meet a spouse w...
by HomerJ
Tue Apr 07, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Good Modern Science Fiction

Sid wrote:An oldie but goodie is "The World at the End of Time" by Frederik Pohl.


This is an excellent book...
by HomerJ
Tue Apr 07, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 176
Views: 11703

Re: Cost of College & Weighing the Merits of Top Schools

Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done (these are real numbers...I just looked yesterday and Northwestern is $68,xxx per year)? Another way to look at it... you could pay $80k for a "normal" college, put $200k in a trust, and give ...
by HomerJ
Tue Apr 07, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: Cost of College & Weighing the Merits of Top Schools

Is it worth going to a top tier school and paying $240,000 to $280,000 when all is said and done (these are real numbers...I just looked yesterday and Northwestern is $68,xxx per year)? No. Anyone smart enough to get into a good school will likely do well in life anyway. There was a study on this c...
by HomerJ
Tue Apr 07, 2015 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16476

Re: When to give adult children their inheritance?

Being Canadian our tax issues are different. No gift or estate taxes. Only have one daughter, currently 31 who is getting married later this year. We are 64 and 57. Will leaves the residual of estate to daughter once she turns 35 which she will almost certainly have achieved on our passing. My curr...
by HomerJ
Tue Apr 07, 2015 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 6407

Re: When to give adult children their inheritance?

Professor Emeritus wrote:Our older daughter in one year finished her PhD in computational molecular biology, Captained the national champion Synchronized figure skating team and had a baby.


Heh, she did all that in one year? Was 8 months pregnant but still skating, and writing her dissertation?

Color me impressed... :)
by HomerJ
Tue Apr 07, 2015 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 6407

Re: When to give adult children their inheritance?

Some background on the "kids": One will be graduating university in June, has job lined up after college. Other, two years post-university, is working at start-up company. Both have proven to be motivated, live within their means, and are fiscally responsible (I think the whole "poor...
by HomerJ
Tue Apr 07, 2015 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 6407

Re: Might Go $4,000 AAPL

Am I being ridiculous thinking this way? Honest question. Yes, sorry... Short-term trading is a fool's game.. How did you find this board anyway? Most of us here are about investing in low-cost index funds that track the entire market, not individual stocks. See, I don't see any reason to try and b...
by HomerJ
Mon Apr 06, 2015 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5185

Re: Buy a condo for college student or rent?

How far away is the college?

Do you want your daughter to call YOU at 2:00 am when the toilet backs up? Or a landlord?
by HomerJ
Mon Apr 06, 2015 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college student or rent?
Replies: 34
Views: 3013

Re: if stocks crash 50% how long it takes come back to wher

looking wrote:if stocks crash 50% how long it takes come back to where it was


Could be 2-3 years, could be 10-15 years. Planning around the next crash being just like 2008-2009 is very foolish.
by HomerJ
Mon Apr 06, 2015 9:21 am
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: My Strategy For A Market Crash

When equities drop 25% to 30% or whatever, I do not believe it is sufficient to simply reinvest dividends. I will sell bond fund shares and buy stock fund shares in order to maintain my asset allocation. That's what I did in 2008-2009 and all other years. Conversely, when equities go up 25% to 30% ...
by HomerJ
Sun Apr 05, 2015 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: My Strategy For A Market Crash

Would everyone attempt to rebalance to maintain his or her original asset allocation, or would some begin to shift to more stocks in a severe stock market correction? In retirement? Personally, I don't think anyone should in retirement. But that's just my opinion... Retirement isn't a gamble for me...
by HomerJ
Sun Apr 05, 2015 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: My Strategy For A Market Crash

When equities drop 25% to 30% or whatever, I do not believe it is sufficient to simply reinvest dividends. I will sell bond fund shares and buy stock fund shares in order to maintain my asset allocation. That's what I did in 2008-2009 and all other years. Will you do this in retirement? Is it not p...
by HomerJ
Sun Apr 05, 2015 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: My Strategy For A Market Crash

Of course the market could take a 50% hit and stay depressed for 10 years - anything could happen, but one can't plan for every scenario. I think planning for THIS scenario (for someone already in retirement) is a lot smarter than planning on how to maximize returns during the next crash. I think i...
by HomerJ
Sun Apr 05, 2015 8:46 pm
 
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9146

Re: Implications of Marriage - she with debt and low income

(As an aside, if anyone is a Lord of the Rings fan, our rings are "One Ring" replicas, and when we replace them down the road, we're going to go to Hawaii and throw the old ones into a volcano. Yes, we're nerds! :) Wow, your wife is THAT nerdy? She's a keeper for sure. I can't even get my...
by HomerJ
Thu Apr 02, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 71
Views: 6581

Re: Job Change = Less money, can we afford current house?

Is your income likely to go up?

You're only 29... Have you peaked your salary already?

Reverse question... if you lose your job, how easily and how quickly could you find another paying $200k+?
by HomerJ
Wed Apr 01, 2015 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Change = Less money, can we afford current house?
Replies: 11
Views: 1246

Re: Use work phone as primary phone?

Im finally getting a company iphone, fully paid for by work. Im wondering if it's wise to also use this as my personal phone. I'd really love to cancel my plan with ATT and save $50 per month. What are the downsides, if any? I've NEVER owned a personal cell-phone... For the last 20 years, my cell-p...
by HomerJ
Wed Apr 01, 2015 1:45 pm
 
Forum: Personal Consumer Issues
Topic: Use work phone as primary phone?
Replies: 13
Views: 660

Re: Do you not strive for success because it might offend ot

Envy is not limited to financial success. - Are you going to pretend to be ill, because some people around you are and they may be envious of your health? - Are you going to pretend to be single, because some of your friends can't find a partner? Victoria Well I have a friend who can't have kids......
by HomerJ
Wed Apr 01, 2015 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you not strive for success because it might offend others
Replies: 30
Views: 1647
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