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Re: Do you regret buying your home?

No.

We will have to eventually go to single level from a split foyer, once the knees start to go,
but being in a good school district and close to the school were important when the kids were young.
by MathWizard
Fri Oct 24, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 66
Views: 4438

Re: How often do you change your car's oil?

3-5 K, with non-synthetic oil but at least once a year, preferably no more than 6 months.
by MathWizard
Fri Oct 24, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 64
Views: 2547

Re: How much to spend on a remodel?

When we did this it was only about $5-$6K for a half-3/4 bath conversion (adding a shower not a tub). This involved moving partition walls, and adding ventilation. Granted that was 15 years ago, but I can't imagine prices have quadrupled since then. Are you putting radiant floor heating in or someth...
by MathWizard
Wed Oct 22, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a remodel?
Replies: 7
Views: 826

Re: Electric Garage Door

I just had my two old wooden doors and springs replaced with new insulated doors and torsion springs. This is the second spring that broke (it sounds like a shotgun when they break), The force was enough that it tore a bracket off the wall, so it was hanging. Luckily nobody was standing outside of t...
by MathWizard
Wed Oct 22, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: Electric Garage Door
Replies: 10
Views: 882

Re: Windows XP

Do the rest of us a favor and retire your machine. If you are browsing the internet on it, it is probably already has some sort of virus on it and is ready to wake up on demand to attack other machines I was configuring a machine years ago, and needed it on the internet for part of the configure. I ...
by MathWizard
Wed Oct 22, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: Windows XP
Replies: 61
Views: 2548

Re: POLL: How fulfilling is your retirement?

Thanks for this poll.

I believe that retirement will be fulfilling, but wonder if my life has been molded around my
work for so long, that I will find myself adrift. It's good to know that this is not the case for
the majority responding to the pool. This makes me less worried.
by MathWizard
Sun Oct 19, 2014 10:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2992

Re: Got my first cold call - does this mean I've 'made it?'

My 401(k) is managed by Fidelity. When my balance exceeded 500k a few months ago, I got a call from Fidelity representative to offer help to manage my account. I told her that I am OK with my own account and she never called back again. I started to get more calls soon after hitting $500K, maybe th...
by MathWizard
Sun Oct 19, 2014 10:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 30
Views: 5414

Re: Mega bus vacation with toddlers.

How about an alternate suggestion: instead of a nearly 1000 mile trip, I would find something much closer to home for children that age, and use your minivan. We limited trips to 6 hours driving time max (with breaks every 2 hours) until the youngest was 5 years old. Our first long vacation was abou...
by MathWizard
Sat Oct 18, 2014 11:36 pm
 
Forum: Personal Consumer Issues
Topic: Mega bus vacation with toddlers.
Replies: 27
Views: 1896

Re: Anyone cancelling travel plans?

No change in travel plans.
by MathWizard
Sat Oct 18, 2014 9:54 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6277

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

You can avoid the whipsaw in income if SS is a large portion of your income, or if you buy enough of an inflation adjusted annuity such that it and SS handle the floor of your expenses, and use a variable withdrawal method for the discretionary spending. The 4% SWR gives you an approximation for wha...
by MathWizard
Wed Oct 15, 2014 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4622

Re: Should I share financial info with potential guardian?

I'm not sure why you would choose someone who is much older. There are no siblings on either side you would trust? (Yes, really, really trust). We picked a CPA brother of mine as executor with instructions to set up a trust, and chose my wife's sister & husband (the godparents) as the guardians....
by MathWizard
Wed Oct 15, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I share financial info with potential guardian?
Replies: 5
Views: 742

Re: Recent statistics of college majors

Very interesting and timely – it’s the college application season for our son. They should show the first couple of charts to parents of first graders. Maybe a few more parents would spend more time helping their kids with their math homework. Thanks for sharing. Unfortunately if your child needs h...
by MathWizard
Wed Oct 15, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recent statistics of college majors
Replies: 35
Views: 2654

Re: Sale of house-closing tomorrow, buyer is backing out

A lawyer is going to be expensive and time consuming, especially when dealing with someone out of state, and you are not going to want to do that when you are just about to get married. I would take the earnest money, put the house back on the market, and tell the realtor to bring you buyers who wil...
by MathWizard
Mon Oct 13, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of house-closing tomorrow, buyer is backing out
Replies: 60
Views: 5078

Re: Worth investing every month vs once per year? Same total

If you mean 1/12 per month vs all at once at
the end of the year I don't think that is
nearly as important as contributing as much as
you can.
by MathWizard
Sun Oct 12, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Worth investing every month vs once per year? Same total $
Replies: 13
Views: 1768

Re: Retired and end of month checking account balance?

Why would this change when retired
vs when working?
by MathWizard
Sun Oct 12, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1866

Re: Sixth anniversary of worst week ever for stocks

Kept plowing money in, & rebalanced, didn't panic.
I was more worried about our jobs than the stock market.
by MathWizard
Fri Oct 10, 2014 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sixth anniversary of worst week ever for stocks
Replies: 51
Views: 4001

Re: is anything 'cheap' out there?

I thought the EMH was that everything is fairly priced in risk adjusted terms.
by MathWizard
Fri Oct 10, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: is anything 'cheap' out there?
Replies: 54
Views: 5494

Re: Draw down taxable saving first?

After retiring, I spent taxable accounts first while also converting some to Roth IRAs and I Bonds, as follows. After retiring I worked to reduce my taxable accounts during the first 5 years (1998-2002) when my tax rate was lower to save taxes later and to allow my tax deferred accounts to grow. 1....
by MathWizard
Fri Oct 10, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2437

Re: Can I be held personally liable for things done at work?

Additionally, as you may know, your software isn't going anywhere until it's been tested and verified to meet requirements, usually with an Acceptance Test. So there's a team of people involved... Well of course, but anyone that writes software knows that good system level testing will only find ab...
by MathWizard
Thu Oct 09, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be held personally liable for things done at work?
Replies: 27
Views: 3867

Re: Poor mans portfolio

My net worth was negative at your age, so you are not poor. Since you only have an EF, you may want to look at the wiki (look at the top of the page) and search for ROTH as an Emergency Fund, rather than put the $9K in a vehicle which will lock up your money for years, but still have the tax advanta...
by MathWizard
Wed Oct 08, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poor mans portfolio
Replies: 19
Views: 1701

Re: Snow Blower

I have two now, a 2 stage 15 yrs old (bought first) and a single stage bought last year, both MTD. The 2 stage is so hard to steer that my wife cannot use it. If I am sick or away on business, she'd rather shovel than use the 2 stage. The single stage is so easy to use, that is all I used last winte...
by MathWizard
Wed Oct 08, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2625

Re: Did Social Security make a mistake in calculating benefi

I haven't seen sscritic around here lately to comment on this, but an odd scenario just occurred to me: Suppose there are two people who were born at the same time and they are now 90 or so and have never been married. Person A worked from age 25 to 60, then retired. For whatever reason, Person B d...
by MathWizard
Sun Oct 05, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did Social Security make a mistake in calculating benefits?
Replies: 17
Views: 2248

Re: Drop My $1m Life Insurance?

Logic would say drop it, since I assume you have no dependents. However, I agree that it is immensely cheap if you had a need for it. I've dropped the amount of my term insurance as my need has gone down. My kids should be out of college and on their own in another 3 years, and we should be Fin. Ind...
by MathWizard
Sun Oct 05, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drop My $1m Life Insurance?
Replies: 13
Views: 1740

Re: Saving for Vehicle Replacement

I put aside $200/month of my monthly budget for a car in my savings account regardless of if I need a new car or not. More or less, if I have a sudden car failure within 2 years of purchasing a car I have enough to replace it with a decent old Honda/Toyota midsize sedan. Honestly, it is just accoun...
by MathWizard
Fri Oct 03, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Saving for Vehicle Replacement
Replies: 24
Views: 1433

Re: The power of compounding - at a rate of 3% per day

If growth was linear instead of exponential, index investing would still be the smartest way to go. As long as companies are making profits, their stock has value. They don't necessarily have to be increasing their profits. They just have to be making them. Even in a world where exponential economi...
by MathWizard
Thu Oct 02, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: The power of compounding - at a rate of 3% per day
Replies: 12
Views: 1597

Re: Leaving a legacy

I don't plan on leaving a legacy, but if there's anything still left after my wife and I pass on we do plan on leaving it to the kids. I agree. I don't see how one can avoid leaving a substantial amount, short of annuitizing everything ( and hope for no big financial emergencies) spending everythin...
by MathWizard
Thu Oct 02, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a legacy
Replies: 63
Views: 4034

Re: Buying more when markets are down

No. I tend to have everything by my EF and short term savings invested. The only "dry powder" I have is that I save up for this year's IRA contribution until I file my taxes next year, and I make my ROTH / TIRA decision then. When things go really bad, I have put that in early. I did this ...
by MathWizard
Wed Oct 01, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5154

Re: What SWR/expense multiple to use for early retirement pl

I think it depends on just how early one is retiring. We are currently at 34x, planning on retiring in 18 months, at age 50 (although DW will continue to work for a couple years). I'm expecting that ratio to be more like 37x or 38x by then; I want to keep our expected WR between 2.5 and 3%. Congrat...
by MathWizard
Wed Oct 01, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3066

Re: What SWR/expense multiple to use for early retirement pl

... It also heavily depends of the valuation of the day of retirement. 4% of today's (high!) valuation isn't the same thing as 4% of 2009's valuation. This is certainly important, since you are deciding the base of the WR which you are going to keep adding to, so the valuation at retirement is a cr...
by MathWizard
Wed Oct 01, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3066

Re: Hard Money Lending, flipping houses 12% return Lets hear

Wasn't Bernie Madoff promising 12% ?

maybe 12% is a magical number.
by MathWizard
Tue Sep 30, 2014 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hard Money Lending, flipping houses 12% return Lets hear it
Replies: 56
Views: 3092

Re: need for a backup credit card?

I was on vacation and my purchases triggered a fraud alert on my main card. to unlock it, I had to call from my home phone, some 2000 miles away. I have a card I normally use for business expenses which get reimbursed. Both cards get used throughout the year so they don't get cancelled or lack of us...
by MathWizard
Mon Sep 29, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 37
Views: 1663

Re: POLL: When I gift/will shares to my relatives, I expect

I am not planning to bequeath specific investments, but I expect that it will just happen. I only plan on making sure my wife and I have enough to live on. Unless I can plan our demise within a few months, that means that I will have some investments, and my kids will inherit them. What they do with...
by MathWizard
Mon Sep 29, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1686

Re: Future equities 2% real rhetoric is hogwash

I have been reading lately quite a few people discussing future 2% real returns on equities and I just don't understand how that is possible. Corporations are out there to make a profit. When a corporation makes money it has 2 choices with it. One is to invest back in the corporation thereby increa...
by MathWizard
Mon Sep 29, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Future equities 2% real rhetoric is hogwash
Replies: 45
Views: 3815

Re: Time to go back to cash and ditch the Credit Card?

If 1% on the investing side makes huge long term differences for your investing, can 1 to 3% cash or rewards back make huge long term differences on the spending side? For 10+ years we only used cash + debit cards. We got out of debt, cut our monthly expenses, got our investments into low cost Vang...
by MathWizard
Sun Sep 28, 2014 11:22 am
 
Forum: Personal Consumer Issues
Topic: Time to go back to cash and ditch the Credit Card?
Replies: 39
Views: 3300

Re: Are trash compactors good things?

Kitchen sized garbage bags (e.g. the 13 gal Glad drawstring bags we get) are about 6 bags for a dollar in quantity. Compactor bags are about $1 each, so with a compactor you will have a much higher ongoing expense, unless you are going to keep the same bag for 6 weeks (yuch!). If you only have 1 bag...
by MathWizard
Thu Sep 25, 2014 3:17 pm
 
Forum: Personal Consumer Issues
Topic: Are trash compactors good things?
Replies: 20
Views: 1052

Re: SSD+nonSSD HD combos seem to work well

I swapped out my 5400RPM 320GB HDD in my 2009 laptop with a 7200 RPM 750GB Seagate Momentus hybrid drive, which has 8GB flash where the OS should end up. It does boot up about 2x as fast, but the new drive causes a slight but noticable vibration, and battery life is now about 1/2 to 1/3 of what it u...
by MathWizard
Thu Sep 25, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: SSD+nonSSD HD combos seem to work well
Replies: 17
Views: 1780

Re: Unexpected Emergency

I would drop down the employer match, or if no match, put a little in each month
(even $25). This is because it always seems easier to increase the amount rather than start again
from contributing 0. (Humans have inertia just likes cars.)

I hope things go well with the medical emergency.
by MathWizard
Thu Sep 25, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3301

Re: POLL: Would you rather work half as long or half as ofte

I put work half as long, but what I really mean is that I'd like to get to Fin. Ind. twice as early as possible,
then I can do whatever I want to do. Then I could start a second career doing whatever I want.
by MathWizard
Thu Sep 25, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4138

Re: What should one pay for a student cello?

I would say keep renting. 3 instruments between 2 sons: Bought the trumpet and violin after having rented for 2 years. One more year later, they both quit the purchased instrument. Rented the french horn, and that son went to all-state band 2 years in a row, and only quit playing when he started col...
by MathWizard
Wed Sep 24, 2014 4:13 pm
 
Forum: Personal Consumer Issues
Topic: What should one pay for a student cello?
Replies: 10
Views: 722

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: 945

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: 999

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: 3084

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: 1574

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: 3380

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: 1173

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: 10195

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: 641

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: 10195

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: 2511

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: 3214
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