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Re: Why so long to transfer IRA to Vanguard?

My transfer to Vanguard from Tiaa-cref
Of Roth funds took several weeks, but it
was TC that dragged their heels.
by MathWizard
Fri Oct 31, 2014 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why so long to transfer IRA to Vanguard?
Replies: 28
Views: 1498

Re: A Little Common Core Math problem

My child is in fifth grade and has similar problems in his math book (the school follows the common core). Based on standardized testing (NWEA) he is currently at the 99th percentile for 11th grade , but is struggling with the common core curriculum. How is this possible, your fifth grader figured ...
by MathWizard
Thu Oct 30, 2014 5:41 pm
 
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 2506

Re: Possibility of financial markets breakdown / transformat

Invest in knowledge. Know how to fix things yourself, grow food, know a little about first aid. Know enough so that if your favored profession is no longer favored, you could still feed yourself. Some items might be handy. A wood stove and an axe if living in wooded areas. Some method for collecting...
by MathWizard
Thu Oct 30, 2014 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: Possibility of financial markets breakdown / transformation?
Replies: 14
Views: 1312

Re: Heat pump question

The behavior you describe suggests the heat pump is not working at all.
I'd have it checked.
by MathWizard
Thu Oct 30, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heat pump question
Replies: 50
Views: 2093

Re: A Little Common Core Math problem

Solving this problem with equations requires algebra. Since algebra is not being taught at that grade level the students must rely on critical thinking skills. She did solve the problem – and did it without algebra. Not elegant but sufficient. Good for her. I agree. I assume algebra is not being ta...
by MathWizard
Thu Oct 30, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 2506

Re: A Little Common Core Math problem

This problem doesn't seem confusing, and I'm not sure why everyone is upset about the concept of Everyday Math (which has been taught LONG before Common Core). x + 8x = 63 9x = 63 x = 7 The cat weighs 7 lbs and the dog weighs 56 lbs. This does not require a calculator nor a pen and paper. Why are s...
by MathWizard
Thu Oct 30, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 2506

Re: What to ask for when negotiating a severance package?

The only time I have ever heard of someone negotiating a severance package is a CEO who won't come in without a golden parachute. When you are hired and sought after is when you have the most negotiating power. Even one of two months severance is chump change. That's what your EF is for. I'd take wh...
by MathWizard
Thu Oct 30, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: What to ask for when negotiating a severance package?
Replies: 26
Views: 1878

Re: Protect Your Family from the Unexpected - Fidelity

I'm not worried. I'm more worried about long-term finances, so I take care of that for now, by my wife is more than capable, should I falter. I will likely predecease her, so my kids would need to step up to the plate for her. We've done the same for our parents, as they did for theirs. I think most...
by MathWizard
Thu Oct 30, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Protect Your Family from the Unexpected - Fidelity
Replies: 1
Views: 507

Re: Early SS or Higher IRA Withdrawal??

I suggest running a few scenarios through I-ORP (h ttp://www.i-orp.com/ ) with differing SS claiming strategies. Also, the higher Trad. IRA withdrawal from 62-70 has a small benefit in that it will reduce your RMDs after 70 1/2 and a slight effect on the amount of SS benefits that are taxable can be...
by MathWizard
Thu Oct 30, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1506

Re: The safest 4 door sedan out there

I drive cars that are highly rated for safety, but that is but one factor. I find that cars that the safety that derives from a car that "fits" me overrides the small improvement among the most top-rated models. I also give up on the newest safety improvements by not buying new each year. ...
by MathWizard
Thu Oct 30, 2014 11:24 am
 
Forum: Personal Consumer Issues
Topic: The safest 4 door sedan out there
Replies: 70
Views: 3372

Re: Roth IRA Emergency Fund Assest Choices

You could check with a credit union about Roth IRA CDs. You don't get great interest but you can fill up the ROTH this year from your EF. Also remember you have until Apr 15 next year to contribute to this year's IRA you just have to note that it is for the previous year . My IRA contibution forms h...
by MathWizard
Wed Oct 29, 2014 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Emergency Fund Assest Choices
Replies: 6
Views: 543

Re: Early SS or Higher IRA Withdrawal??

OP, The higher withdrawal rate is fine, since the extra above the 4% is essentially buying a higher SS benefit later. I've run projection of average income, and find I can support a slightly higher spending rate when I assume claiming at 70 over claiming at 67, even when I only assume we get 75% of ...
by MathWizard
Wed Oct 29, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1506

Re: It is foolish for most of us to purchase individual stoc

Taylor Larimore wrote:
The market average ...

MathWizard:

Your paragraph above is the best explanation I have seen of why it is foolish for most of us to purchase individual stocks.

Thank you and best wishes.
Taylor



Taylor,

Coming from you that is high praise.

Thanks!
MathWizard
by MathWizard
Wed Oct 29, 2014 5:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: how risky is stock investing?
Replies: 16
Views: 1228

Re: shortest mortgage available

Check with local credit unions. About 18 months ago, I was able to get a 7 year 3.75% fixed rate HEL with no closing costs, and no pre-payment penalty at a local credit union. They took the county's assessment as the proof of the value of the house to meet the 70% LTV requirement, and did not requir...
by MathWizard
Wed Oct 29, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: shortest mortgage available
Replies: 14
Views: 1587

Re: how risky is stock investing?

I have read the Intelligent Investor, and other investing books. I would suggest reading Bogle's "Common Sense for Mutual Funds", and read the getting started portion of the Wiki (in the bar near the Support this Site icon.) Generally you want to keep expenses low (Expense Ratios are not o...
by MathWizard
Wed Oct 29, 2014 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: how risky is stock investing?
Replies: 16
Views: 1228

Re: What online banks do you like for savings or MMA?

I like local Credit Unions better for cash. With cash, I'm not really after yield, I'm after liquidity. I can drive or bike the two miles to my bank and withdraw my entire account any time during normal business hours or on Sat. mornings. Cash makes up only about 2-5% of my portfolio, much of that i...
by MathWizard
Wed Oct 29, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What online banks do you like for savings or MMA?
Replies: 44
Views: 2653

Re: Finance kids' medical educations with a HELOC?

I would still say that you should have them take out the loans themselves. If they are not willing to bet the loans against their career, you should not either. Only if they absolutely cannot take out loans should you even consider this. Once you are secure in your retirement, and they have graduate...
by MathWizard
Wed Oct 29, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finance kids' medical educations with a HELOC?
Replies: 24
Views: 1781

Re: Do you dream about retirement?

Case in point, we live several states away. He rarely sees us or his grandchildren. Despite that, he didn't make any trips out to visit us, even when he had conferences in the area. It simply boggles the mind (pardon the pun) that he would not slow down after "retirement" and spend more t...
by MathWizard
Mon Oct 27, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6144

Re: If holding cash, do you want a Great Depression?

No, not really. This is really a philosophy. This is the theory that in order to richer than your neighbor , you want your neighbor to lose all his money. Now you have more money, but live in a depressed neighborhood, and everyone hates you because you kicked them when they were down. What you reall...
by MathWizard
Mon Oct 27, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 3934

Re: Retiring without any additional investments for 25 years

If your annual income is $400-500 K now, how would you be happy living on $120K in retirement? I can understand that you may not have a mortgage and some expenses associated with work and the kids will not be there (hopefully) but I doubt that you are paying out $300K for those expenses, and you cer...
by MathWizard
Mon Oct 27, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring without any additional investments for 25 years
Replies: 20
Views: 2827

Re: Just wondering how you personally calculate net worth

An equally valid question is, how do you calculate your height? I include my feet, and my head, when measuring my height. When I went to the doctor's office recently, they measured my height while I was wearing shoes and weighed me while I was fully clothed . Not only was I heavier than I expected,...
by MathWizard
Mon Oct 27, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 56
Views: 3726

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: 82
Views: 6803

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: 131
Views: 6247

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: 841

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: 898

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: 62
Views: 2960

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: 3009

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: 5462

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: 1920

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: 6323

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: 4643

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: 748

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: 2668

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: 5113

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: 1778

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: 1952

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: 4432

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: 5582

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: 2598

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: 3876

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: 1736

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: 2662

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: 2253

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: 1759

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: 1520

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: 1600

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: 4073

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: 5166

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: 3093

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: 3093
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