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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: 35
Views: 1255

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: 31
Views: 1217

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: 31
Views: 1217

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: 51
Views: 2247

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: 1476

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: 22
Views: 1356

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: 3476

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: 3162

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: 1022

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: 1713

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: 3220

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: 3893

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: 693

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: 924

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: 985

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: 3063

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: 1537

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: 3220

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: 1146

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: 10013

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: 632

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: 10013

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: 2462

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: 3061

Re: What evidence would prove the Boglehead mentality wrong?

The philosophy assumes that 1) there is a publicly traded market 2) there is a long-term return for capital when looking at the entire publicly market 3) the market is regulated so that all of the return cannot be diverted to a small group of people 4) that the capital markets are accessible by the ...
by MathWizard
Tue Sep 16, 2014 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7631

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

Though I don't think of it as as investment few people used to invest. (401k s are changing that somewhat) So for many people, a home was they only thing that they were putting money into for 30 years, they were paying back with inflated dollars and they had a leveraged "investment". For t...
by MathWizard
Mon Sep 15, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6454

Re: The Roosevelts, PBS special

If Ken Burns makes it, I'm watching it.
He has yet to disappoint me.
by MathWizard
Mon Sep 15, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 99
Views: 7804

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

Do you mean beyond non-optional health fee even when covered by zero deductible health ins? There was a health fee when I was in college when my wife was (covered by my ins ) as well as my kids. We could get treated at student health center or my wife or kids could be treated at local clinic under f...
by MathWizard
Fri Sep 12, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can college force low-deductible health insurance plan?
Replies: 12
Views: 714

Re: Calculated Spending: Cars

For Warren Buffett, he does not spend .00000...1% of his assets to buy a car. Too many zeros. A Cadillac DTS is about $40,000 Warren Buffett's net worth is about $64 billion. That's a whopping 0.00006%. Cars are expensive, even for the insanely wealthy. Did that need a smilie? From "Snowball&q...
by MathWizard
Fri Sep 12, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2885

Re: Ethics of Multi-Generational Tax Optimization

I've got to agree with Alex. Absent specific instructions, you would not be fulfilling your fidicuary responsibilities. Normal estate planning would have him making annual gifts, but that would be even worse if someone then came back with "He told me his wishes were otherwise". Your father...
by MathWizard
Fri Sep 12, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1827

Re: Calculated Spending: Cars

I've always used the IRS mileage reimbursement rate as a benchmark. For 2014, IRS standard mileage rate is $0.56 per mile for business miles driven. Let's say that one drives 10,000 business miles a year, IRS standard mileage reimbursement is $5600 per year. If that person plans to drive the car fo...
by MathWizard
Thu Sep 11, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2885

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

I estimate $4K per year for medical costs per person ($8K for a married couple) after Medicare re-imbursement (that is based upon poll results from a Boglehead poll of then current Medicare recipients about 2 years ago) I figure car expenses of about 45 cents/mile and we drive about 18,000 miles a y...
by MathWizard
Thu Sep 11, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6021

Re: 2013 Federal Reserve Survey of Consumer Finances release

BobK,

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

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

I hope the numbers are not as bad as they seem at first glance.
by MathWizard
Wed Sep 10, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: 2013 Federal Reserve Survey of Consumer Finances released
Replies: 9
Views: 1743

Re: College-bound teens and finances

Wow! I'm surprised at all the opposition to credit cards here. I have a 17 y/o at home who will be starting college next year. I made him an Authorized User on my American Express card a year or so ago to get him in the habit of using a credit card responsibly and to enable me to set strict boundar...
by MathWizard
Wed Sep 10, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2452

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

General question- If you want to pay for your kids' college, and your first kid will be in college before you are old enough to take penalty-free retirement distributions, how will you pay for it? Do you just plan to cash flow it out of taxable accounts? What if you don't have enough in taxable acc...
by MathWizard
Wed Sep 10, 2014 1:42 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 10583

Re: Tip for the Roofing Crew

I worked construction summers during
college.

I'm not sure if I'd have liked getting tipped.
It would have seemed to make me into a
servant class rather than tradesman.
I also think waitresses and waiters should
not have to depend on tips either.
by MathWizard
Wed Sep 10, 2014 1:31 am
 
Forum: Personal Consumer Issues
Topic: Tip for the Roofing Crew
Replies: 13
Views: 1292

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

Is there a reason you cannot contribute to a ROTH? The contributions can be withdrawn any time without taxes or penalty ( but not put back in) This would allow you to put in 5500 a year and if after 10 years when you hopefully have 55k of contributions and eg 16k of earnings you could withdraw the 5...
by MathWizard
Wed Sep 10, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: I've been going all tax-deferred, considering to go taxable.
Replies: 37
Views: 3497

Re: College-bound teens and finances

Parent of a College Sophomore and recent grad here: Just checking account/debit card. No way a credit card. I think with the new Frank-Dodd, parents have to cosign, which I would never do. Back in the day, you could not get a CC without a steady source of income, and sometimes not even then. Before ...
by MathWizard
Tue Sep 09, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2452

Re: The Calculus of DIY

I have done most thing DIY except where there is a safety hazard or where professional equipment is required. (Painting a car requires professional equipment.) I do minor electrical, but I had an electrician move the main house panel. I don't work with natural gas lines. I quite changing my own oil ...
by MathWizard
Tue Sep 09, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: The Calculus of DIY
Replies: 9
Views: 1171

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

Here are the financial records that I keep: 1) Tax returns - all years and any correspondence with the IRS - permanently. 2) Account statements - quarterly - indefinitely for basis calculation. 3) Utility bills and the like - one year 4) Transaction documents - only until the statement comes out. +...
by MathWizard
Tue Sep 09, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1910

Re: Rather macabre but necessary question

My sympathies on your diagnosis. Suggestion: Check any life insurance policies you have for an "accelerated death benefits" rider. This can allow you to tap benefits if you have a terminal illness, and is precisely for your situation. I think that on mine, I can pull up to 50% if I am not ...
by MathWizard
Tue Sep 09, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6178

Re: How many books at one time?

I rarely take more than 2-3 days for a book I read for enjoyment, so I go through them one at a time.
I'm doing enough multi-tasking as it is.
by MathWizard
Mon Sep 08, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: How many books at one time?
Replies: 16
Views: 649

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

I'm quite an avid reader, but of the Classic's Moby Dick - Mellville Paradise Lost - Milton seemed like work to me. Moby Dick took me two tries to get through, and I never finished Paradise Lost. I don't know if this is considered a Classic, but Cat's Cradle - Vonnegut was something that I could not...
by MathWizard
Mon Sep 08, 2014 12:53 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 10984

Re: V6 or V8 engine for new Chrysler 300

I am thinking about buying a Chrysler 300, which comes with either a V6 or V8 engine. The V8 costs a little more and uses a little more gas and I don't really need that extra power, but will the V8 last much longer than the V6? The V8 has two more cylinders, so more components to fail. Extra power ...
by MathWizard
Mon Sep 08, 2014 12:07 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1687

Re: How exactly would you define market timing?

How about

market timing = speculative investing
by MathWizard
Thu Sep 04, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: How exactly would you define market timing?
Replies: 67
Views: 2011

Re: Help out family without compromising my own retirement?

OP, You need to take care of yourself first. If you get dragged down, they will have nobody to help them. Make sure that you are taking care of your financial future. My sympathies with must be an almost intolerable situation. I, for one, would never put my children in a situation such as yours, and...
by MathWizard
Wed Sep 03, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 5671

Re: Value Investing and Efficient Market Theory

WB himself closed his partnerships where he had made those out-sized returns in the last 60's after declaring that he could no longer find bargains in the stock market. So WB really announced the end of the era of out-sized returns from value investing in the late 60's. WB is an astute businessman, ...
by MathWizard
Wed Sep 03, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Value Investing and Efficient Market Theory
Replies: 14
Views: 1129

Re: 100% Stock Thread Collection

We seem to have descended into a contentious argument over whether 100% stock holders should be 105% holders instead, claiming if they're not they're behaving inconsistently at best. What if I were a 50% stock holder, with 50% bonds? Would anybody argue I'm being inconsistent if I said 55% were too...
by MathWizard
Wed Sep 03, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Stock Thread Collection
Replies: 93
Views: 5398

Re: Trying to "ladder" term life policies

I bought two different policies to get this effect, but if you can do it cheaper with a rider that makes
sense too.
by MathWizard
Wed Sep 03, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to "ladder" term life policies
Replies: 4
Views: 390

Re: Debt Payoff Strategy

Thanks for your input. Both of you have said pay the small one first. I understand the mental gain by the accomplishment, but mathematically speaking would I pay less in interest in the long run if I went the other way? And if I did would I start with #1 because it is the largest loan or #2 or 3 be...
by MathWizard
Tue Sep 02, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Strategy
Replies: 8
Views: 769
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