Search found 1431 matches

Return to advanced search

Re: Car Accident Responsibility for Borrowed Cars

Car insurance follows the cars, not the drivers.

Buy 10 cars and you'll get 10 premiums even if you say "But I can only
drive one at a time!"
by MathWizard
Mon Sep 22, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Accident Responsibility for Borrowed Cars
Replies: 13
Views: 754

Re: Does anyone know of a college FASFA expert?

If you use the Google search on the Bogleheads site, one of the threads: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=93107 pops up. It has an EFC estimator link in it. I also found this page helpful: http://www.finaid.org/fafsa/maximize.phtml One note, filling out the FAFSA online, use t...
by MathWizard
Fri Sep 19, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does anyone know of a college FASFA expert?
Replies: 13
Views: 963

Re: A safe full of cash

Better water, canned goods and a manual
can opener.
Maybe a small solar charger for electronics
and a sine wave inverter to hook to
a car battery.
by MathWizard
Thu Sep 18, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: A safe full of cash
Replies: 22
Views: 3035

Re: Do you plan trips on your own or use a [travel agent]?

My wife normally plans our trips and does a good job. On an earlier trip to Italy, she booked the hotels, and I handled the train travel just by walking up to a kiosk and purchasing tickets. I booked in Italian, though only knowing a few phrases. She was quite uncomfortable with that though I liked ...
by MathWizard
Wed Sep 17, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Do you plan trips on your own or use a [travel agent]?
Replies: 36
Views: 1513

Re: Creating a permanent legacy?

The rule I've heard is The first generation makes the fortune The second generation maintains it The 3rd generation squanders it. Basically you end up with grandchildren (or sometimes great-grandchildren) who are trust babies and never have to work a day in their life, and can't appreciate what the ...
by MathWizard
Wed Sep 17, 2014 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: Creating a permanent legacy?
Replies: 46
Views: 3136

Re: Random Contributions

I just throw these in savings and write one check to my ROTH come tax time.
I find it easier to keep track of my actual return that way.
by MathWizard
Wed Sep 17, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Random Contributions
Replies: 16
Views: 1132

Re: Any success stories of ppl who never made >$50,000?

I was lurking and just wanted to post to reply to some comments I seen on this board. I had joined this forum because I love personal finance topics. After posting a few questions, and hanging around a couple topics I did feel this forum was very hostile to people on lower incomes and newbies. I ma...
by MathWizard
Wed Sep 17, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9876

Re: EmergencyFund Analogy.Avoiding risk completely unreasona

Emergency funds run the gamut. I've seen people say they have 3 years of expense in cash equivalents as their emergency fund, and others saying they depend upon CCs and HELOCs beyond a few hundred dollars in the bank. I'm more in the middle. I keep about 6 months expenses in cash equivalents, but ha...
by MathWizard
Tue Sep 16, 2014 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: EmergencyFund Analogy.Avoiding risk completely unreasonable?
Replies: 4
Views: 626

Re: Any success stories of ppl who never made >$50,000?

For this to have meaning, you'd have to qualify this as never over $50K in 2014 dollars, since someone
who started 40 years at age 22 making $10,400 would have be making the equivalent of 50,269 in 2014 dollars.
40 years is not that long ago, that person would only be 62 now.
by MathWizard
Tue Sep 16, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9876

Re: Ack! Bought a Dividend!

This is in taxable, correct?

If in tax-deferred or ROTH, this is not a problem.
by MathWizard
Tue Sep 16, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ack! Bought a Dividend!
Replies: 26
Views: 2449

Re: Good hobby for a bright/obsessive 9 year old?

I always wished that this had existed when I was a bit younger: http://www.firstlegoleague.org/ The First Lego League is for elementary school, then they have more advanced programs for middle school and high school. At a high school level they use industrial grade control hardware =) +1 for FLL. M...
by MathWizard
Tue Sep 16, 2014 1:41 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 3028

Re: What evidence would prove the Boglehead mentality wrong?

The philosophy assumes that 1) there is a publicly traded market 2) there is a long-term return for capital when looking at the entire publicly market 3) the market is regulated so that all of the return cannot be diverted to a small group of people 4) that the capital markets are accessible by the ...
by MathWizard
Tue Sep 16, 2014 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7441

Re: Why do so many think their home is a foolproof investmen

Though I don't think of it as as investment few people used to invest. (401k s are changing that somewhat) So for many people, a home was they only thing that they were putting money into for 30 years, they were paying back with inflated dollars and they had a leveraged "investment". For t...
by MathWizard
Mon Sep 15, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6411

Re: The Roosevelts, PBS special

If Ken Burns makes it, I'm watching it.
He has yet to disappoint me.
by MathWizard
Mon Sep 15, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 90
Views: 6560

Re: Can college force low-deductible health insurance plan?

Do you mean beyond non-optional health fee even when covered by zero deductible health ins? There was a health fee when I was in college when my wife was (covered by my ins ) as well as my kids. We could get treated at student health center or my wife or kids could be treated at local clinic under f...
by MathWizard
Fri Sep 12, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can college force low-deductible health insurance plan?
Replies: 12
Views: 643

Re: Calculated Spending: Cars

For Warren Buffett, he does not spend .00000...1% of his assets to buy a car. Too many zeros. A Cadillac DTS is about $40,000 Warren Buffett's net worth is about $64 billion. That's a whopping 0.00006%. Cars are expensive, even for the insanely wealthy. Did that need a smilie? From "Snowball&q...
by MathWizard
Fri Sep 12, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2874

Re: Ethics of Multi-Generational Tax Optimization

I've got to agree with Alex. Absent specific instructions, you would not be fulfilling your fidicuary responsibilities. Normal estate planning would have him making annual gifts, but that would be even worse if someone then came back with "He told me his wishes were otherwise". Your father...
by MathWizard
Fri Sep 12, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1823

Re: Calculated Spending: Cars

I've always used the IRS mileage reimbursement rate as a benchmark. For 2014, IRS standard mileage rate is $0.56 per mile for business miles driven. Let's say that one drives 10,000 business miles a year, IRS standard mileage reimbursement is $5600 per year. If that person plans to drive the car fo...
by MathWizard
Thu Sep 11, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2874

Re: Why COULDN'T we just retire on Social Security?

I estimate $4K per year for medical costs per person ($8K for a married couple) after Medicare re-imbursement (that is based upon poll results from a Boglehead poll of then current Medicare recipients about 2 years ago) I figure car expenses of about 45 cents/mile and we drive about 18,000 miles a y...
by MathWizard
Thu Sep 11, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 5998

Re: 2013 Federal Reserve Survey of Consumer Finances release

BobK,

Thanks for the link, it does provide a huge amount of data.

It sure is sobering to see some of the numbers, especially the median and average wealth by percentile of wealth
in Table 4 (bottom of table).

I hope the numbers are not as bad as they seem at first glance.
by MathWizard
Wed Sep 10, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: 2013 Federal Reserve Survey of Consumer Finances released
Replies: 9
Views: 1717

Re: College-bound teens and finances

Wow! I'm surprised at all the opposition to credit cards here. I have a 17 y/o at home who will be starting college next year. I made him an Authorized User on my American Express card a year or so ago to get him in the habit of using a credit card responsibly and to enable me to set strict boundar...
by MathWizard
Wed Sep 10, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2446

Re: "Why 97% of People Don't Use 529 College Savings Plans."

General question- If you want to pay for your kids' college, and your first kid will be in college before you are old enough to take penalty-free retirement distributions, how will you pay for it? Do you just plan to cash flow it out of taxable accounts? What if you don't have enough in taxable acc...
by MathWizard
Wed Sep 10, 2014 1:42 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 10493

Re: Tip for the Roofing Crew

I worked construction summers during
college.

I'm not sure if I'd have liked getting tipped.
It would have seemed to make me into a
servant class rather than tradesman.
I also think waitresses and waiters should
not have to depend on tips either.
by MathWizard
Wed Sep 10, 2014 1:31 am
 
Forum: Personal Consumer Issues
Topic: Tip for the Roofing Crew
Replies: 13
Views: 1290

Re: I've been going all tax-deferred, considering to go taxa

Is there a reason you cannot contribute to a ROTH? The contributions can be withdrawn any time without taxes or penalty ( but not put back in) This would allow you to put in 5500 a year and if after 10 years when you hopefully have 55k of contributions and eg 16k of earnings you could withdraw the 5...
by MathWizard
Wed Sep 10, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: I've been going all tax-deferred, considering to go taxable.
Replies: 37
Views: 3482

Re: College-bound teens and finances

Parent of a College Sophomore and recent grad here: Just checking account/debit card. No way a credit card. I think with the new Frank-Dodd, parents have to cosign, which I would never do. Back in the day, you could not get a CC without a steady source of income, and sometimes not even then. Before ...
by MathWizard
Tue Sep 09, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2446

Re: The Calculus of DIY

I have done most thing DIY except where there is a safety hazard or where professional equipment is required. (Painting a car requires professional equipment.) I do minor electrical, but I had an electrician move the main house panel. I don't work with natural gas lines. I quite changing my own oil ...
by MathWizard
Tue Sep 09, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: The Calculus of DIY
Replies: 9
Views: 1167

Re: Do you keep paper copies of your investment statements?

Here are the financial records that I keep: 1) Tax returns - all years and any correspondence with the IRS - permanently. 2) Account statements - quarterly - indefinitely for basis calculation. 3) Utility bills and the like - one year 4) Transaction documents - only until the statement comes out. +...
by MathWizard
Tue Sep 09, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1894

Re: Rather macabre but necessary question

My sympathies on your diagnosis. Suggestion: Check any life insurance policies you have for an "accelerated death benefits" rider. This can allow you to tap benefits if you have a terminal illness, and is precisely for your situation. I think that on mine, I can pull up to 50% if I am not ...
by MathWizard
Tue Sep 09, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6113

Re: How many books at one time?

I rarely take more than 2-3 days for a book I read for enjoyment, so I go through them one at a time.
I'm doing enough multi-tasking as it is.
by MathWizard
Mon Sep 08, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: How many books at one time?
Replies: 16
Views: 646

Re: A 'really good book' you did NOT enjoy

I'm quite an avid reader, but of the Classic's Moby Dick - Mellville Paradise Lost - Milton seemed like work to me. Moby Dick took me two tries to get through, and I never finished Paradise Lost. I don't know if this is considered a Classic, but Cat's Cradle - Vonnegut was something that I could not...
by MathWizard
Mon Sep 08, 2014 12:53 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 10927

Re: V6 or V8 engine for new Chrysler 300

I am thinking about buying a Chrysler 300, which comes with either a V6 or V8 engine. The V8 costs a little more and uses a little more gas and I don't really need that extra power, but will the V8 last much longer than the V6? The V8 has two more cylinders, so more components to fail. Extra power ...
by MathWizard
Mon Sep 08, 2014 12:07 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1679

Re: How exactly would you define market timing?

How about

market timing = speculative investing
by MathWizard
Thu Sep 04, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: How exactly would you define market timing?
Replies: 67
Views: 2007

Re: Help out family without compromising my own retirement?

OP, You need to take care of yourself first. If you get dragged down, they will have nobody to help them. Make sure that you are taking care of your financial future. My sympathies with must be an almost intolerable situation. I, for one, would never put my children in a situation such as yours, and...
by MathWizard
Wed Sep 03, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 5609

Re: Value Investing and Efficient Market Theory

WB himself closed his partnerships where he had made those out-sized returns in the last 60's after declaring that he could no longer find bargains in the stock market. So WB really announced the end of the era of out-sized returns from value investing in the late 60's. WB is an astute businessman, ...
by MathWizard
Wed Sep 03, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Value Investing and Efficient Market Theory
Replies: 14
Views: 1120

Re: 100% Stock Thread Collection

We seem to have descended into a contentious argument over whether 100% stock holders should be 105% holders instead, claiming if they're not they're behaving inconsistently at best. What if I were a 50% stock holder, with 50% bonds? Would anybody argue I'm being inconsistent if I said 55% were too...
by MathWizard
Wed Sep 03, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Stock Thread Collection
Replies: 93
Views: 5345

Re: Trying to "ladder" term life policies

I bought two different policies to get this effect, but if you can do it cheaper with a rider that makes
sense too.
by MathWizard
Wed Sep 03, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to "ladder" term life policies
Replies: 4
Views: 389

Re: Debt Payoff Strategy

Thanks for your input. Both of you have said pay the small one first. I understand the mental gain by the accomplishment, but mathematically speaking would I pay less in interest in the long run if I went the other way? And if I did would I start with #1 because it is the largest loan or #2 or 3 be...
by MathWizard
Tue Sep 02, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 8
Views: 764

Re: Did you reveal to your kids...your savings and salary

My son (8 years old) has been lately asking me lot about, How much money we have in bank and also wants to know our salaries. He is somewhat money minded, always looking to make a dollar or two by doing chores around the house. However he is not mature enough to keep a secret, So I am going to wait...
by MathWizard
Tue Sep 02, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 6859

Re: Is a college degree really worth what it costs?

Interesting website: http://www.payscale.com/college-roi/full-list . They estimate the cost of a 4-year degree and the 20-year ROI for various schools and majors. For example, they report that the annualized ROI ranges from about -12% (yes that's a negative) to about 14% at the high end if you happ...
by MathWizard
Tue Sep 02, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a college degree really worth what it costs?
Replies: 33
Views: 1823

Re: Debt Payoff Strategy

Don't pay off 5-7 yet, their current interest rate is 0. You need to make payments on all the loans not in deferment. Since 4 is both the smallest balance and largest interest rate, this is a no brainer, pay minimum on 1-3 and put any extra towards 4. The rest of the balances are similar, so I'd put...
by MathWizard
Tue Sep 02, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 8
Views: 764

Re: How to become a millionaire retiree -- then and now

To the OP,

This is a very interesting analysis. The numbers bounce around but show
around 33% of salary savings needed for an average salary.
by MathWizard
Tue Sep 02, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 9881

Re: When, if ever, should an annuity be used in retirement p

It's a reasonable response, LongerPrimer. I guess, for me, I'd like an inflation indexed single premium annuity that provides a steady income stream and has a rider whereby I can then pass that income stream onto my disabled child for the duration of his life when I die. He's 17. I've been very dis...
by MathWizard
Fri Aug 29, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: When, if ever, should an annuity be used in retirement plans
Replies: 32
Views: 2374

Re: SS Benefits

.... Indexing makes a huge difference, so not working F/T the last few years will probably have very little impact on OP's SS benefits. If agree that this is likely to not have a large difference, but it will have some. From: http://www.ssa.gov/oact/progdata/retirebenefit1.html Indexing brings nomi...
by MathWizard
Fri Aug 29, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits
Replies: 6
Views: 866

Re: If you had an extra $100,000

If after taxes, I'd have room for about $98K in ROTH 401K and ROTH IRAs for my wife and I for this year and next. So maybe spend an extra $2K on vacation, or stick it into the car fund. Getting the extra money into ROTHs would be great for my retirement plans, allowing me to draw more money in retir...
by MathWizard
Thu Aug 28, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7208

Re: Policy on changing Passwords

What is more important is the quality of the password used, ie length and non dictionary words, mix of numbers and special characters. Agreed. The industry is moving more towards stronger passwords, with less frequent forced changes. Forced changes don't help much with hacking, just makes people fo...
by MathWizard
Thu Aug 28, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Policy on changing Passwords
Replies: 15
Views: 1195

Re: Only need $315k non-retirement $ to retire at Age 43?

age = 43, single, no kids ira/401k/roth = $400k monthly expenses = $2500 (30k/yr) including heath insurance according to the online calculators, I can retire at Age = 60 on just my retirement $. with a simple Excel spreadsheet, I calculated that I only need $315k in after tax $ to last me to age 60...
by MathWizard
Thu Aug 28, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Only need $315k non-retirement $ to retire at Age 43?
Replies: 36
Views: 5306

Re: Help with specific COL calculations: Midwest vs Coastal

There are lots of COL calculators on the web. Best to look at several to compare. They are tracking this information in a more uniform way than we as posters on a forum would. Our opinions might be interesting, but I'd lean on the calculators for better information. COL calculators are not accurate...
by MathWizard
Wed Aug 27, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with specific COL calculations: Midwest vs Coastal City
Replies: 11
Views: 656

Re: Market Corrections — Befriending the Beast

Yes, this is better than I remember, but I assume that these are total nominal returns. If so, they should be adjusted for inflation, which would pull a few yearly returns into the red, especially in the 80's. Of course, if the stock market is going to return even the now pessimistic long term 4% re...
by MathWizard
Tue Aug 26, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Market Corrections — Befriending the Beast
Replies: 18
Views: 2889

Re: Agreement Regarding Vacation Property

A partnership exit strategy my wife employed, and executed. Party A wishing to exit offers $X to buy out party B. Party B has the option to either accept or buy out party A at price $X. Party A proposed this, and so should be ready to execute immediately, but party B should have should have sufficie...
by MathWizard
Mon Aug 25, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Agreement Regarding Vacation Property
Replies: 21
Views: 1537

Re: How to split vacation rental cost

We do it per room per night, and we all chip in per family for food.
This is all family, and it's cheaper than hotels rooms, so this may not apply
to your situation.
by MathWizard
Sun Aug 24, 2014 6:04 pm
 
Forum: Personal Consumer Issues
Topic: How to split vacation rental cost
Replies: 13
Views: 1205
Next

Return to advanced search