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Re: Who's holding cash?

I'm holding enough cash for short-term cash-flow and for a 1st tier, 4 month Efund (the rest of the
Efund is invested).

Unless you count that, I'm not holding cash.
by MathWizard
Mon Apr 27, 2015 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Who's holding cash?
Replies: 45
Views: 2788

Re: Been invited to wedding in Disney World. My cost?

Co-worker? No way. If this was your business partner, maybe. If it were me, when I got the invite, I would decline with regrets, and send a check . Weddings are for family and very close friends. This sounds like the couple have plenty of money (or think they do) and are out of touch with the econom...
by MathWizard
Mon Apr 27, 2015 9:45 am
 
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 54
Views: 4393

Re: Can activist funds "beat the market"?

If you own a cap weighted piece of every public company, then you own the market. If an activist fund invests in a company, and increases its value, then that fund has also increased the value of your fund, because you owned a piece of that company (you owned the market). The exception to this would...
by MathWizard
Thu Apr 23, 2015 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: Can activist funds "beat the market"?
Replies: 8
Views: 641

Re: What age did your Net Worth first equal 10,000x your Wei

Given that excess weight likely will lessen lifespan, and hence $ needed, the NW you'd need
should go down with weight, not up.

At least that would work better for me. :sharebeer
by MathWizard
Wed Apr 22, 2015 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did your Net Worth first equal 10,000x your Weight?
Replies: 48
Views: 3133

Re: Car advice needed

Apparently they make some AWD Chargers, but every Charger I ever test-drove was RWD.

I would never get a RWD anymore. It's been a long time since I've been sliding sideways down
snow-covered roads at 50 MPH, and I'd like to keep it that way.
by MathWizard
Mon Apr 20, 2015 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Car advice needed
Replies: 18
Views: 2456

Re: how to deal with it [regret over past investing choices]

You are sitting on money and have to make decisions on what to do with it and getting frozen by indecision. One of my wisest decisions was to make fewer decisions. I set my contributions at work and have them automatically invest for me. (Back when the ROTH limits were only $2K, I also had contribut...
by MathWizard
Sun Apr 19, 2015 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5764

New York City Tours

Planning on a trip to NYC this July, maybe about 5 days. (Work is limiting time and duration for me this year, next year we'll take a big vacation.) For such a short trip, I prefer to have a planned tour. (With longer we plan our own.) I've done hop-on hop-off buses and they work well, and I like be...
by MathWizard
Sat Apr 18, 2015 12:02 pm
 
Forum: Personal Consumer Issues
Topic: New York City Tours
Replies: 11
Views: 932

Re: Career and college advice for current HS students

I'd add one to stay away from: Sports Management A nephew and niece, both good students and athletes in HS, got sold on Sports Management. They both graduated, but there were no jobs available, but plenty of loans to pay back. Both are working full-time (not in Sports Management), and one is also ta...
by MathWizard
Fri Apr 17, 2015 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career and college advice for current HS students
Replies: 34
Views: 2602

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

Of course it is OK not to have significant taxable investments. I would prefer to have ALL my retirement money in a Roth IRA if I could, but the US government would not allow me to do that. The contribution limits for 401(k) and 403(b) are much, much higher than they used to be. In the old days, wi...
by MathWizard
Thu Apr 16, 2015 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it ok to NOT have significant taxable investments?
Replies: 48
Views: 4675

Re: How to (diplomatically) challenge wife's active mgmt fun

I doubt you will win any such argument, and for such a small percentage, it isn't worth it. You'd like her to invest your way, but how would you like it if the reverse were true? To answer you question though: Part of why there has not been a big difference in performance is likely due to incorrect ...
by MathWizard
Thu Apr 16, 2015 8:13 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5252

Re: Career and college advice for current HS students

Phys Therapist is a great area.

For mechanical , HVAC
by MathWizard
Tue Apr 14, 2015 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career and college advice for current HS students
Replies: 34
Views: 2602

Re: Does your family know about your net worth (ball park)?

My son has guessed ours fairly closely, probably due to discussions with him about retirement planning. My sons are too young to have much in the way of net worth. The oldest is about $10K in the hole, having just graduated last year, and being in the process of building up a good Efund. The younges...
by MathWizard
Tue Apr 14, 2015 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11262

Re: The $1 Million Goal: Source of Motivation or Discouragem

My savings goals are derived from fear. I guess I'm motivated by fear. Though I have a nice income, my fear is at any moment I could lose that job/income and will regret not having maximzed my savings opportunity when I had a good job with a good income. This has been my mentality for the last 6 ye...
by MathWizard
Sun Apr 12, 2015 5:02 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15881

Re: Is not utilizing taxable space for long-term investing w

Yes,it is wise. Certainly ROTH space is wise, because it is almost like taxable, without the taxes in earnings,because you can pull out the contributions at any time without penalty. Roth 401Ks are almost like regular Roths, but I believe there is a 5 year rule and each plan may have different restr...
by MathWizard
Sun Apr 12, 2015 4:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Is not utilizing taxable space for long-term investing wise?
Replies: 11
Views: 1204

Re: On a budget and Friday night

This last Fri. night, I was feeling rich and spent $48:

Papa Murphy's take and bake (with $3 off coupon)

Brought home flowers for no special occasion.

Watched Netflix.
by MathWizard
Sun Apr 12, 2015 4:32 am
 
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5098

Re: Engineering as a career for a graduating HS student ?

Yes ME is fine.

My son went into ME because of FIRST
but just switched into Biochemical Eng
Many Eng majors switch.

I completed an Eng degree then weng into
Math in grad school.

The first two years are about the same and the
few differences can be used as technical electivrs
by MathWizard
Sat Apr 11, 2015 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineering as a career for a graduating HS student ?
Replies: 60
Views: 4366

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

The people whose long term expenses will be 80% of their ending salary are those who have such high expenses that they are not saving much Now. Between Fica fed and state inc taxes I am already paying more than 20% of my income So even without saving, I am living on less than 80% of income now. Once...
by MathWizard
Sat Apr 11, 2015 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9053

Re: Can anyone recommend a good low cost generator?

Running your furnace requires more than just a small portable generator that many have suggested. It needs to have the proper electrical transfer switch installed, otherwise there is a possible danger of shocking utility workers . Furnaces generally are hard wired, so it is not just a manner of plu...
by MathWizard
Fri Apr 10, 2015 12:57 pm
 
Forum: Personal Consumer Issues
Topic: Can anyone recommend a good low cost generator?
Replies: 35
Views: 2073

Re: Prenup

My thought that a prenup is not necessary when there is not a big difference in assets coming into the marriage. There is a lot more than financial matters to be discussed when going into a marriage. The best thing that happened to my wife and I was that the minister insisted on premarital classes b...
by MathWizard
Fri Apr 10, 2015 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 80
Views: 5034

Re: Can anyone recommend a good low cost generator?

I got a 700W genny from HarborFreight for ~$100. Maybe another $100 for jerry cans, spare parts, oil, etc. I got it b/c it was small and I have a bad back. It has run everything my family of 4 needed for a total of 8 days without power over the last few years. No problems whatever. I run a wood sto...
by MathWizard
Thu Apr 09, 2015 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Can anyone recommend a good low cost generator?
Replies: 35
Views: 2073

Re: Am I part of the problem??

I wouldn't lose sleep over it, at least over those who roll up in a chauffeured limo, and who hire maids gardners, etc. These are people who want to hire a professionals to manage things (for a fee) while they go about earning even more money than they could make doing your job. Think comparative ad...
by MathWizard
Thu Apr 09, 2015 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8731

Re: Sandwich generation

Who is your first responsibility, kids or parents? If there is no solution that can do both, and you have to chose one over the other: Minor children before parents no question. Usually, you don't have to though, we have managed both without much trouble. In the rare cases of conflict, it has alway...
by MathWizard
Wed Apr 08, 2015 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sandwich generation
Replies: 17
Views: 1859

Re: Battery or Gas Lawn Mower

I have a self-propelled gas and an older electric (bought it used from a friend) The electric works fine, but does not cut as wide a path, so you make more passes and of course you have to push it. I also have the blade sharpened or replaced at the beginning of the season. I can do the whole yard in...
by MathWizard
Tue Apr 07, 2015 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Battery or Gas Lawn Mower
Replies: 33
Views: 2105

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

TS, After your kid's PSAT score is out, you will know where your children ranked against the rest of the world. If he / she is not even in the National Merit List aka TOP 50,000 out of 1.5 million, do not overspend. If he is a National Merit Semi-finalist (top 16,000) or National Merit Finalist (to...
by MathWizard
Tue Apr 07, 2015 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16772

Re: life expectancy and taxable versus tax deferred account

You are changing two variables. Life expectancy and desire to leave assets to heirs. If you knew exactly when you would die and compare 70 vs. 90 I would say tax deferred over taxable in either case, and for the 70 case, just retire early. I'd think you'd want some in tax deferred in any case, if yo...
by MathWizard
Mon Apr 06, 2015 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: life expectancy and taxable versus tax deferred accounts
Replies: 17
Views: 1384

Re: Paying for childrens' college

ktd If you child ends up in, say, the top 25% of his/her high school, then the odds are very, very good that they will receive some form of merit scholarship aid. In our state, being in the top 25% of the HS graduating class or getting great score on ACT/SAT is required for admittance to the top st...
by MathWizard
Mon Apr 06, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7924

Re: Roth IRA contribution eligibility

Happy Monday ! Helping out a (single) family member who has been contributing to a Roth IRA for the past few years. With a new salary at her current employment, she is in a position to blow past the 2015 IRA contribution limit. She wasn't even aware of the IRA limits, just learned this yesterday wh...
by MathWizard
Mon Apr 06, 2015 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA contribution eligibility
Replies: 6
Views: 570

Re: smartphones

I resisted until I could buy a prepaid 3G Android for under $150 and pay $129/year for the service (about $7/month) for 1200 min/year 1200 texts + 1200 MB of data. I am a low user of all of these. It's CDMA and locked on the Verizon Network, but it works great. I mainly use the wifi for data and onl...
by MathWizard
Mon Apr 06, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: smartphones
Replies: 24
Views: 1792

Re: Paying for children college

The $400K is an inflated figure. I have a son in college. Expected in-state cost of attendance at the top state school is about $20K/year. That includes room and board in the dorms. Expect that your kids will need a total of $160K in non-inflated dollars. I funded half of my kids college education, ...
by MathWizard
Fri Apr 03, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7924

Re: Wise move to move some $ to cash before bear market?

The wall street saying is that
"The bull comes up the steps, the bear goes out the window."

Timing a bear market is not going to be an easy thing.
by MathWizard
Thu Apr 02, 2015 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Wise move to move some $ to cash before bear market?
Replies: 116
Views: 11861

Re: Another reason why BHs pay off mortgage early?

Within 5 years, I will have paid off a 30 year loan in 21 years. This was not due to prepaying, but by refinancing to a lower rate available in a shorter term loan. * I agree with KlangFool regarding liquidity risk for partial loan payoff. I could pay off most of the loan, but it would drain my EF, ...
by MathWizard
Thu Apr 02, 2015 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 6822

Re: Son graduating college-what to do?

Last year's experience: Total support for first 3 months (not spending money), letting son interview any time. He was getting second interviews, but no callbacks. After that, he took a part-time job, that he was good at, but did not pay much. (Geek Squad) This left him time to interview, but gave hi...
by MathWizard
Fri Mar 27, 2015 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Son graduating college-what to do?
Replies: 39
Views: 3301

Re: Worth buying a smart phone if you already have one for w

I'd suggest you carry two cellphones, have the personal one off and in your jacket pocket or desk when at work. I bought this phone from Walmart: http://www.walmart.com/ip/36202753?wmlspartner=wlpa&adid=22222222227024988264&wl0=&wl1=g&wl2=c&wl3=40300223432&wl4=&wl5=pla&am...
by MathWizard
Thu Mar 26, 2015 12:33 pm
 
Forum: Personal Consumer Issues
Topic: Worth buying a smart phone if you already have one for work?
Replies: 25
Views: 2151

Re: 74% of car loans are subprime.

Here is a Bloomberg article from Nov 2013 on sub-prime loans for NEW cars. The article cites only 27%, but again this is only NEW car sales. I could see three driving factors on the buyer's side: 1) A reliable car is needed to get to most jobs unless you live in a city with very good public transit....
by MathWizard
Thu Mar 19, 2015 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: 74% of car loans are subprime.
Replies: 29
Views: 2055

Re: Poll: When to pay down debt rather than invest

Cash flow can be an argument against paying down debt when looking at a mortgage,
especially if you cannot fully pay off the loan. Mortgages are also typically a low rate,
lower than what you could expect to make long term in stocks.
by MathWizard
Mon Mar 16, 2015 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When to pay down debt rather than invest
Replies: 49
Views: 4048

Re: My Greatest Weakness.

I don't use a question like this in interviews. I like ones that demonstrate 1) Trust-worthiness 2) Ability to work in a team or with other people. 3) Ability to learn 4) Ability to do the job If your greatest weakness does not fall into one of these categories, it isn't that important. The "do...
by MathWizard
Mon Mar 16, 2015 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Greatest Weakness.
Replies: 37
Views: 5863

Re: when did/would you terminate disability insurance?

I get LTD through my employer, and two colleagues have needed it. I plan to keep LTD until I retire. I could probably drop it 2 or 3 years prior to retirement, but 2-3 years of premiums is not a major cost. My LTD does not kick in for 90 days, so that may help keep costs low. For me it seems cheap c...
by MathWizard
Sun Mar 15, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: when did/would you terminate disability insurance?
Replies: 35
Views: 2764

Re: Roth IRA married limits

When you are married, there is no such thing as your individual MAGI. There is only your joint MAGI, since you are filing taxes jointly. Since your joint MAGI is over $191,000 , neither of you is eligible to contribute to the Roth IRA. Thus, you have excess Roth IRA contributions. You should withdr...
by MathWizard
Sun Mar 15, 2015 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA married limits
Replies: 13
Views: 1031

Re: What won't you pay for with your Credit Card?

I pay for very little with CC I consider it a 2 to 4% tax on all purchases. I can't figure the logic in this, or the math wizardry involved? Everything is a tax on purchases. Their rent, the salaries they pay, the insurance to cover you if you fall on their premises. It's called G&A. But if the...
by MathWizard
Sat Mar 14, 2015 11:15 pm
 
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 8587

Re: When cash flow/liquidity was no longer primary concern

The former, where you worried about cash-flow, I would call paycheck-to-paycheck, or hand-to-mouth. Cash-flow is almost always a concern, which is why and Emergency Fund is recommended. The turning point on that is when you realize you no longer need an EF, because you are well past Financially Inde...
by MathWizard
Fri Mar 13, 2015 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: When cash flow/liquidity was no longer primary concern
Replies: 8
Views: 1047

Re: Boglehead degree status

Please correct me if I am wrong.

For TLH, one would need taxable accounts.

Isn't it preferable to hold retirement funds in tax advantaged accounts?

So if a person can't max out available tax advantaged accounts, they can't get
above Bachelor's status?
by MathWizard
Fri Mar 13, 2015 10:44 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 52
Views: 5297

Re: What won't you pay for with your Credit Card?

I pay for very little with CC I consider it a 2 to 4% tax on all purchases. I do use it for large purchases for cash flow. ok I'll bite... how is it a tax in your situation? Merchants have to pay a fee on all CC transactions. With few exceptions, the CC companies do not allow differential pricing, ...
by MathWizard
Thu Mar 12, 2015 9:19 pm
 
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 8587

Re: What won't you pay for with your Credit Card?

I pay for very little with CC

I consider it a 2 to 4% tax on all purchases.

I do use it for large purchases for cash flow.
by MathWizard
Thu Mar 12, 2015 7:54 pm
 
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 8587

Re: Parents:Have you had any luck teaching your kids about m

It's comforting to see not only the practical strategies you've all employed in teaching your kids about money/finance but also the "money does not equal happiness" sentiments that many of you have expressed. I desperately want to impart the notion that there is more to life than material...
by MathWizard
Wed Mar 11, 2015 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents:Have you had any luck teaching your kids about money
Replies: 40
Views: 2808

Re: Long Term Care and Taxes

Thanks all for your comments. I hadn't considered all of these. I will be one of those who will be dragged (wheeled) into a nursing home. We plan to get a much more accessible and elderly friendly house/apt. before we retire, so that we do not have to enter a nursing home any earlier than absolutely...
by MathWizard
Wed Mar 11, 2015 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care and Taxes
Replies: 8
Views: 1037

Re: When does market timing make sense?

I'm not sure it ever makes sense, unless re-balancing on huge drops in the equities market, per my IPS is considered market timing. (I can't say that this is ideologically pure re-balancing. Though I am re-balancing, I do think of it as buying stocks "on sale".) My definition of turbulent ...
by MathWizard
Wed Mar 11, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: When does market timing make sense?
Replies: 34
Views: 1555

Re: Do you really need 2.5 million to retire well?

From the article: Investors surveyed by the global investment management firm said they will require an average of $2.5 million in retirement to enjoy the quality of life they have today. ... the 458 investors surveyed ... Despite their above-average savings rate, these investors are worrywarts. On ...
by MathWizard
Wed Mar 11, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 13218

Re: Are 10% of American Households Millionaires?

The 2011 census survey on distribution of household wealth From 2000 to 2011 has the median has the 85th prrcentile in In 2011 at 206k and 95th percentile at 630k It would have taken a 50% incease in wealth of the 95th percentile from 2011 to now to get to a million to get to even 5% of households I...
by MathWizard
Tue Mar 10, 2015 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are 10% of American Households Millionaires?
Replies: 12
Views: 2466

Re: Time of Use Electrical Rates

Our electric company offered to pay us an $120 annual rebate to place a device on our central air conditioner that would throttle it during periods of large demand (ie. hot days). My wife asked, "why would we want the ac to not work at 100% when we need it the most?" :?: The offer was pro...
by MathWizard
Mon Mar 09, 2015 4:11 pm
 
Forum: Personal Consumer Issues
Topic: Time of Use Electrical Rates
Replies: 22
Views: 1477

Re: What is the smallest amount you would invest in taxable?

It usually has to be thousands for me to bother with an mutual fund transaction.
The small amount of earnings in $140 are not worth the time.

I'd just put the $140 in my first tier EF until I could dump it into a ROTH.
by MathWizard
Mon Mar 09, 2015 11:47 am
 
Forum: Investing - Theory, News & General
Topic: What is the smallest amount you would invest in taxable?
Replies: 13
Views: 1363
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