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Re: Why aren't annuities better than investment drawdowns?

Op, Is this a fixed or variable annuity? Is the 6.6% inflation adjusted? If a fixed 6.6% of initial value, no inflation adjustments, and no return of principal, this would be much worse than using a sustainable withdrawal rate. The Trinity study found a non-inflation adjusted 7% withdrawal using 50...
by MathWizard
Thu Aug 21, 2014 5:53 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2651

Re: Why aren't annuities better than investment drawdowns?

Op, Is this a fixed or variable annuity? Is the 6.6% inflation adjusted? If a fixed 6.6% of initial value, no inflation adjustments, and no return of principal, this would be much worse than using a sustainable withdrawal rate. The Trinity study found a non-inflation adjusted 7% withdrawal using 50/...
by MathWizard
Thu Aug 21, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2651

Re: Low Tax Bracket & Almost Retired - Tax Exempt or Not??

Thanks for the quick replies. Is putting the bond fund into tax advantage spaced a no-brainer? We have equal room in both advantaged and tax free. What do folks think about intermediate term fund rather than more of the total U.S. bond fund/BND? Thanks To me yes, as much tax advantaged as she can g...
by MathWizard
Wed Aug 20, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Tax Bracket & Almost Retired - Tax Exempt or Not??
Replies: 11
Views: 830

Re: Defining "Stay the Course"

I am a pretty consistent Boglehead with a plan and am good at mainly sticking to it. But I just had a job-related life event that suddenly changed my risk profile. As a result, I moved my 4% allocation of High Yield bond fund to intermediate bonds. I know there has been a flow recently out of high ...
by MathWizard
Wed Aug 20, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 32
Views: 2266

Re: Dow Jones Index Fund?

Also remember that companies in the DJIA change over time. When GM went bankrupt its contribution did not contribute 0 to the DJIA as it would in an index fund, it would have been replaced by the formerly 31st largest company, which would not have had a value of 0. Look at the DJIA from as recent as...
by MathWizard
Wed Aug 20, 2014 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2025

Re: Low Tax Bracket & Almost Retired - Tax Exempt or Not??

Interest rate on tax exempt bonds is lower because they are more valuable to people in high tax brackets. If there is any tax-advantaged room left, I would go with bonds in a ROTH if there is room, or up the 401K contribution and convert later. Tax exempt income is added in when figuring taxablility...
by MathWizard
Wed Aug 20, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Tax Bracket & Almost Retired - Tax Exempt or Not??
Replies: 11
Views: 830

Re: To be truly rich, take stock of your life before investi

.... It seems that to say you want to be "rich" is viewed as a negative thing. I mentioned investing as a way to gain wealth on a popular vacation spot and somehow in the minds of others, it translating into me being some money hungry, possession craving person who neglects their family i...
by MathWizard
Wed Aug 20, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 22
Views: 2655

Re: To be truly rich, take stock of your life before investi

Investing and LBYM leads to financial independence, which means freedom.

It's as simple as that.
by MathWizard
Wed Aug 20, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 22
Views: 2655

Re: Reducing time spent paying bills

I still don't use autopay much, fewer hands on my money, Mortgage is autopay, My wife and I just have a bill holder on the desk. Bills are opened and placed in the bill holder as they come in, We pull any bills and write checks every Sat morning, usually just after breakfast. If we leave on a trip, ...
by MathWizard
Wed Aug 20, 2014 7:58 am
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1652

Re: How the rich stay/get richer??

The OP demonstrates the impossibility of continuous exponential growth, something that I have been trying to get to grips with as an investor without success. An enlightening quote states: “ A shilling put out at 6% compound interest at our Saviour’s birth would . . . have increased to a greater su...
by MathWizard
Wed Aug 20, 2014 7:50 am
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4775

Re: So am I a terrible father? [inheritance question]

If you are indirectly asking if you are leaving your daughter too much money, I would respond that I'm 99.999% sure** you will NOT have the same amount of money when you die that you do now. How do you know how much wealth you will have in 30 years? Lots can happen in that time. Heck, that's 1/2 a ...
by MathWizard
Mon Aug 18, 2014 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4141

Re: Do you know any of the 36% [that don’t save for retireme

Yes, I know many, some of whom are in my own family.
by MathWizard
Mon Aug 18, 2014 11:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: [helping a family member to start investing]
Replies: 10
Views: 791

Re: POLL: Uninsured/Underinsured Motorists Coverage?

I set the amounts the same as my liability coverage. If you carry the maximum amount of liability coverage that you feel you can reasonably afford, then you should choose option #2. If you carry more than the minimum requirement, but less than you can reasonably afford, you should choose option #3....
by MathWizard
Mon Aug 18, 2014 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Uninsured/Underinsured Motorists Coverage?
Replies: 17
Views: 1003

Re: So am I a terrible father? [inheritance question]

Why would you do it any other way? She is making her own way in the world, and will presumably not have to finance you in retirement. I don't expect that my kids will be as wealthy as me until after I am gone, so assuming they have families, they would have husband/wife/kids, so it should be easier ...
by MathWizard
Mon Aug 18, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4141

Re: In-Law Financial Issues (long)

I agree you should talk with your wife. We did send a few dollars "upstream" to parents. In general though, our responsibility is "downstream" : to our kids. The only reasons this may become your problem, at least legally, are filial responsibility laws. You may want to look into...
by MathWizard
Mon Aug 18, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4102

Re: POLL: Uninsured/Underinsured Motorists Coverage?

I set the amounts the same as my liability coverage.
by MathWizard
Mon Aug 18, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Uninsured/Underinsured Motorists Coverage?
Replies: 17
Views: 1003

Re: HUFF POST: How Financially Literate Is the Investing Pub

Thanks for the article. Financial literacy also was taken up in a WSJ column last year by Jason Zweig and most surprising to me, though it probably should not have been, was this: "Before we invest in the luxury of making people financially literate, shouldn’t we first take care of the vastly ...
by MathWizard
Mon Aug 18, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4576

Re: Alarm company wants me to waive rights

I suggest looking for another alarm company, and tell the prospective company that you were a loyal customer of the previous company until they tried to change the terms of your contract with them which would have made you responsible their failures. Tell them that since that company did not have fa...
by MathWizard
Mon Aug 18, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: Alarm company wants me to waive rights
Replies: 13
Views: 1101

Re: Looking for advice on creating a Will

A lawyer in your state will have the precise language that your state courts are accustomed to. A will is one thing you will never have a chance to correct if you get it wrong. The court cannot come back to you to determine what you meant by a phrase that they do not use, so your will must handle al...
by MathWizard
Mon Aug 18, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on creating a Will
Replies: 39
Views: 2379

Re: Spouse not ready to cut ties with financial advisers

If all have similar funds in each, take your IRA and invest in low cost index funds which are similar to the active funds in his IRA. Then compare total return over the next 2 or 3 years. Other than tracking error, the difference should be exactly the fees that you need not be paying. Hopefully that...
by MathWizard
Sun Aug 17, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5846

Re: Do Super wealthy have access to different investing vehi

Let's actually make this personal so it's actionable. As you gain wealth you will have access to vehicles you did not have otherwise. If you have $10 you can put it in savings, you can't buy a CD. If you have $100 or $500 you can buy a CD with better interest than savings, If you have $1000 you can ...
by MathWizard
Sat Aug 16, 2014 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6167

Re: Who sells fresh coffee that is not as strong as Starbuck

rec7 wrote:Other than McDonald's who has the cheapest coffee when a person is traveling.


We get McDonalds when travelling. Many are using Seattle's Best Coffee

If we go to Starbucks, we order Coffee Americano, and have them leave lots of room for cream.
by MathWizard
Sat Aug 16, 2014 3:34 pm
 
Forum: Personal Consumer Issues
Topic: Who sells fresh coffee that is not as strong as Starbucks?
Replies: 50
Views: 2230

Re: Question about Tax Advantaged/Taxable Best Strategy

The OP stipulated that he wanted to maintain his AA. Therefore the pretax return is not dependent on location. And minimize taxes should maximize after tax returns. This is not true. Perhaps the problem here is that some are equating $1 in a tIRA to $1 in taxable. This is generally not true because...
by MathWizard
Sat Aug 16, 2014 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: Question about Tax Advantaged/Taxable Best Strategy
Replies: 44
Views: 2514

Re: Europe travel: best card for ATM cash

I always used a debit card from my credit union. All my CCs charge a 2 or 3% cash advance fee + no grace period Assuming you pay of your CCs each month, If you plan to use a CC, I would use one for withdrawing cash, and a different one for charging hotel etc. You might as well keep the grace period ...
by MathWizard
Sat Aug 16, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Europe travel: best card for ATM cash
Replies: 33
Views: 1909

Re: Help with Salary Negotiation (Bay Area)

Be very careful about salary neg. for silicon valley. It's easy to lowball yourself. Use a cost of living comparison tool like http://money.cnn.com/calculator/pf/cost-of-living/ You might be surprised how much more you need to live there. It would be easy going from a midwest town to Silicon Valley ...
by MathWizard
Fri Aug 15, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Salary Negotiation (Bay Area)
Replies: 13
Views: 1236

Re: When did you downsize?

We haven't yet, kids in college but come
home over summer.

We plan to stay in place as long as possible.

Be sure you get something that you can age in.
Single level, no stairs, wheelchair accessible
bathrooms. We're one major health issue
from not being able to stay in our current home
by MathWizard
Thu Aug 14, 2014 8:13 pm
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3236

Re: Car Value/Income

I figure about $4K/year on car replacement for my wife and I (two cars). That includes
tax/title/reg. etc.

Clearly current value of car/income depends on how long ago the purchase was made.
I used purchase price.
by MathWizard
Thu Aug 14, 2014 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Value/Income
Replies: 22
Views: 1900

Re: Help with massive debt repayment

Regarding the house... I bought it at a huge discount for less than I could buy some crap hole in California or New York. It is ocean front and our absolute dream home. I could sell it and probably make 200-300+ on it. That will not happen because it was bought as my home and not an investment. If ...
by MathWizard
Mon Aug 11, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with massive debt repayment
Replies: 27
Views: 2574

Re: How important is my insurance agent?

Call the office and ask for the manager. Tell him that you have been with them for 27 years, but lately have been having trouble getting in touch with your agent, and would like to switch agents. (If you like your agent, but he is temporarily indisposed, you could ask fro a temporary transfer until ...
by MathWizard
Mon Aug 11, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2088

Re: Help with massive debt repayment

I would suggest the car loans first. They are not much cheaper than the student loans. With a 250K salary, you can handle the cash flow. What appears to concern you is if your income drops dramatically. To guard against that you should have disability insurance, and if you are married or had someone...
by MathWizard
Mon Aug 11, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with massive debt repayment
Replies: 27
Views: 2574

Re: Two factor identification and your password safe

So if I understand you using this [picture based] 2nd factor makes one feel safe but it is not really doing much of anything if you have an attacker that is "watching" what you do? I guess there is no 100% fix to secure the password safe then if something is "watching" what you ...
by MathWizard
Sun Aug 10, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 1989

Re: Two factor identification and your password safe

The problem with a unique 2nd factor each time (I believe Google sends this to a phone) is I don't have a phone that can receive a text but I think they can send a voice code. But this is for a safe no external source would send me anything so the 2nd factor would be the same until I change it. I s...
by MathWizard
Sun Aug 10, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 1989

Re: Can the reverse of market timing work?

For example, if the market is down 50%, maybe waiting a year or two before taking that big vacation will allow you to withdraw that money at a better price. Alternatively, can there be a strategy in which when the market is hitting new highs you increase your withdrawals and build up a larger cash ...
by MathWizard
Sun Aug 10, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Can the reverse of market timing work?
Replies: 18
Views: 2073

Re: Two factor identification and your password safe

The problem with a unique 2nd factor each time (I believe Google sends this to a phone) is I don't have a phone that can receive a text but I think they can send a voice code. But this is for a safe no external source would send me anything so the 2nd factor would be the same until I change it. I s...
by MathWizard
Sun Aug 10, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 1989

Re: Two factor identification and your password safe

It is possible that your password could be cracked more easily than indicated on that site. For example, if your password is qwertyuiopasdfghjklzxcvbnm it will be cracked very quickly even though 26 random lowercase letters would indeed be virtually uncrackable. Beyond that, there are other problem...
by MathWizard
Sun Aug 10, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 1989

Re: How do you address your inlaws and being addressed?

I never had an issue with using a professor's first name, as long as the professor stated that was their preference. Even all these years later, certain professors are "Jane" and "John" in my mind, while other professors are "Dr. Smith" and "Dr. Doe". There w...
by MathWizard
Sun Aug 10, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4712

Re: When is a 3.75% load worth it?

Tamales, I've got degrees in math and physics. I've been a consultant for fortune500 companies. I've been recruited as a quant. The hardest thing I had to convince myself of was that I was not "so much smarter" than the average investor that I could easily beat the market in my spare time,...
by MathWizard
Fri Aug 08, 2014 7:08 pm
 
Forum: Investing - Theory, News & General
Topic: When is a 3.75% load worth it?
Replies: 79
Views: 5188

Re: Roof replacement

Architectural all the way, especially if you do it yourself. With 3 tab, alignment is critical, or it looks bad, with architectural, you'll never see how it was laid. Architectural weighs more, but lasts longer. I also don't believe that you can lay a second or third layer of shingles over architect...
by MathWizard
Fri Aug 08, 2014 6:51 pm
 
Forum: Personal Consumer Issues
Topic: Roof replacement
Replies: 13
Views: 1148

Re: How do you address your inlaws and being addressed?

Mom and dad call mom and dad. In-laws by first name. Same for my wife. Mom and Dad are unique, so there is never confusion. Grandma XX or Grandpa YY for our kids to distinguish which side. We never use first names going up-generation within a family, but my MIL and my FIL are not MY family, they are...
by MathWizard
Fri Aug 08, 2014 6:40 pm
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4712

Re: Intel Core processors - i3 2014 vs older i3 or other?

Look at the bottom of the page: http://ark.intel.com/search?q=core%20i3 You will see that there are links for 4 generations of i3, similarly for core i5. You probably have a late 2nd generation or early 3rd generation, they probably have a late 3rd or early 4th. Some of the i5s had 2 cores, other 4 ...
by MathWizard
Fri Aug 08, 2014 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Intel Core processors - i3 2014 vs older i3 or other?
Replies: 16
Views: 1405

Re: It won't matter if your password gets stolen

Hate to say it, but this type of story (replace passwords with biometrics) comes up every few years in computer security. It hasn't happened for a very good reason: good biometric scanners are expensive, cheap biometric scanners are worse than passwords. It doesn't matter what tech giants are behin...
by MathWizard
Fri Aug 08, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: It won't matter if your password gets stolen
Replies: 20
Views: 2371

Re: Dilbert Creator: If everyone indexed...

If there were no trading, I wonder if some stocks would have value at all. You certainly aren't buying Brk.A for the dividend. Ultimately, if there were no trading, and the company was making money, and shareholders of the company could get money no other way, the shareholders could either decide i...
by MathWizard
Thu Aug 07, 2014 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: Dilbert Creator: If everyone indexed...
Replies: 28
Views: 3240

Re: Vanguard computer security

It shouldn't really be that hard for Vanguard to implement two factor for those who want it. Google does this with Google Authenticator. One big problem is that people forget their passwords, and sites end up with quite easy questions for you to use to verify your information. (What city were you bo...
by MathWizard
Thu Aug 07, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard computer security
Replies: 67
Views: 3596

Re: Attitudes toward inheritances.

Prior to a certain age, I think that huge sums of money are likely to do more harm than good. I actually wanted 35, but my wife talked me down to 25. Change it back to 35. Man up! Your wife is wrong, why did you let her wear the pants? I sincerely hope you are joking. My wife and I are a partnershi...
by MathWizard
Thu Aug 07, 2014 11:25 am
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9277

Re: [If over 50] Do you prepare for long term care

I voted no special plans, but I do have LTD until 70 1/2 unless I lose my job, and I expect to have enough by the time I retire, which is hopefully before 70 1/2. LTC insurance has always seemed like too much of a gamble. You never know if it's any good until you need it, and I've seen people priced...
by MathWizard
Wed Aug 06, 2014 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: [If over 50] Do you prepare for long term care
Replies: 43
Views: 2073

Re: Solar Farm, anybody buy in?

It has been suggested that conservation and energy efficiency are better environmental investments than solar. Have you run any cost bennefit analyses on your $1,000 opportunity cost? How does the $1,000 solar investment stack up against energy efficienct upgrades such as: tankless water heater spr...
by MathWizard
Wed Aug 06, 2014 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Solar Farm, anybody buy in?
Replies: 53
Views: 3650

Re: Peak Money Market Fund Yields in 1981-82

I was newly married then and having to borrow money at even higher rates then.

Now that I have money to invest, earnings on short term safe investments are paltry.
My wife jokes that we just timed it all wrong.

Of course, when inflation is taken into account, the numbers do look at lot better.
by MathWizard
Wed Aug 06, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Peak Money Market Fund Yields in 1981-82
Replies: 24
Views: 1676

Re: Recently Engaged

Congratulations! The best thing that happened for us when we got engaged is that the minister mandated premarital counseling, which included booklets with topics like budgets, # of children, etc. that had to be filled out before each session. These were often topics we had never discussed. Being for...
by MathWizard
Wed Aug 06, 2014 3:08 pm
 
Forum: Personal Consumer Issues
Topic: Recently Engaged
Replies: 10
Views: 913

Re: what gender are you?

I'll interpret other as meaning
present
or
abstain.
by MathWizard
Wed Aug 06, 2014 1:07 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: what gender are you?
Replies: 24
Views: 4434
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