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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: 2311

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: 821

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: 56
Views: 4821

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: 1122

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: 5178

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: 629

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: 2707

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: 1522

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: 1147

Re: Is it me, or are "collectibles" worthless in 2014?

Collecibles are pure speculation.
They have no intrinsic value.
by MathWizard
Sun Aug 24, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6012

Re: Backyard Shed

Zoning allowed up to a 100sq ft without
a permit. So mine is 9 feet 8in by 10

I designed and built my own shed to
match the house, same siding, shingles
and paint. It cost a little more that
way but looks like it was planned.
by MathWizard
Sun Aug 24, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Backyard Shed
Replies: 21
Views: 1442

Re: Should I fix a "totaled" car

I would do that in the past when cars had a structural frame and the body was just bolted onto that structure. I did it once with a car that was unibody construction, and I ended up with about $5K in repairs over 6 years/ 48K miles. The seat broke off its mounts the windshield cracked , the transmis...
by MathWizard
Sat Aug 23, 2014 11:45 pm
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 32
Views: 2174

Re: Tipping the virtual waiter/waitress?

If the employees doing the food running are not tip based then there's no need to tip as they will be earning their hourly wage which is at least minimum wage and not some lower amount with assumed tip component. I'm in in one of the 8 states that requires employers to pay workers full state minimu...
by MathWizard
Fri Aug 22, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 1989

Re: convince me not to use traditional IRA for house downpay

This may draw some ire from my brethren, but the OP could stop contributing to the retirement accounts until his emergency fund is built back up again. Hopefully, even after resuming retirement contributions there will be significant margin in the budget with the new housepayment and associated cos...
by MathWizard
Fri Aug 22, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: convince me not to use traditional IRA for house downpayment
Replies: 23
Views: 2293

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: 2909

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: 2909

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: 1126

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: 41
Views: 3650

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: 2169

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: 1126

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: 30
Views: 4501

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: 30
Views: 4501

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: 1727

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: 4929

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: 4456

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: 810

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: 1032

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: 4456

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: 4158

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: 1032

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: 4623

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: 1120

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: 2432

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: 112
Views: 8729

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: 6276

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: 2338

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: 2620

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: 1958

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: 1255

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: 3264

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: 1912

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: 2643

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: 2098

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: 2643

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: 2031

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: 2031

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: 2083

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: 2031

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: 2031
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