Search found 7634 matches

by The Wizard
Sun Jul 05, 2015 12:42 am
Forum: Personal Consumer Issues
Topic: Please help me improve my online security
Replies: 10
Views: 873

Re: Please help me improve my online security

And i guess the final thing if you are very paranoid would be to only logon from a dedicated financial computer, running either linux or chromeos. Mike That would make it difficult to log onto your various financial accounts when on the road for a while, with only a smartphone. But nobody said bein...
by The Wizard
Sat Jul 04, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Million Dollar Question
Replies: 17
Views: 2845

Re: Million Dollar Question

Alright then, so get a move on with your plan and get back into the investment arena.
There's a saying somewhere along the lines of: The enemy of a Good Plan is a continuing search for a Perfect Plan.
So don't let that happen to you...
by The Wizard
Sat Jul 04, 2015 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 39
Views: 2430

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

I don't care for mint. I'm in charge, not it.
The OP probably bought a new vacuum cleaner, a pair of binoculars, and an extra weekend trip somewhere, none of which was allocated in his austerity budget.
With practice, one learns how to expect the unexpected better...
by The Wizard
Sat Jul 04, 2015 6:51 pm
Forum: Personal Consumer Issues
Topic: Eating Out
Replies: 43
Views: 3292

Re: Eating Out

We live in Austin. It's always on 'best food' lists. The food here can be cheap and excellent or expensive and excellent. But one thing we rarely do is order alcoholic drinks. That adds to the bill so dramatically. We'd rather eat out more for the same amount as eating out less and ordering drinks....
by The Wizard
Sat Jul 04, 2015 2:59 am
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 2872

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Mr. Kitces is fairly bright, so perhaps he should clarify his position better. SS is a wonderful asset for those of us who have it, but it's an INCOME asset, not a CAPITAL asset. And while you can convert capital assets to income in various ways, you can't convert SS to a lump sum capital asset, so ...
by The Wizard
Sat Jul 04, 2015 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Looking to start investing... How much do I need to start?
Replies: 21
Views: 1148

Re: Looking to start investing... How much do I need to start?

There's some confusion here. With $1000 a month earned income to invest, the OP has enough for $5500 a year in a Roth IRA and $6500 a year into savings and/or a taxable investment account. When you log onto your Vanguard account, you will then have two different accounts, your Roth IRA and your pers...
by The Wizard
Sat Jul 04, 2015 1:02 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 13073

Re: 2 million dollar mistake meeting with MIL's financial guy

Rallycobra says the MIL has physicals and blood drawn. I do also once a year, but I don't see what this has to do with investing and money management. They say that we run a risk of "losing it" mentally as we get older, in terms of coping with routine financial matters and even elder scams...
by The Wizard
Sat Jul 04, 2015 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Million Dollar Question
Replies: 17
Views: 2845

Re: Million Dollar Question

Looks like you're all in "cash reserves" at present. Yet your target allocation in 60% stocks which is somewhat risky. I think I'd want to know more about your history of saving/investing before recommending a plan of action. It's possible there's an element of FEAR in your investment psyc...
by The Wizard
Sat Jul 04, 2015 12:16 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 41
Views: 3272

Re: What age did you become debt free and what opportunities did it create?

Being debt free allows one to do with their time what they wish. :happy Perhaps, but it's really total cash flow that matters. I had a modest HELOC balance (re-fied mortgage) going into retirement two years ago. I could mostly pay it off now, but then I wouldn't have my new vehicle fund anymore. :(...
by The Wizard
Thu Jul 02, 2015 9:19 pm
Forum: Personal Consumer Issues
Topic: Learning Spanish
Replies: 34
Views: 2138

Re: Learning Spanish

Watch Spanish shows on TV.
With captions.
Google the words you don't know.
Cheap and effective...
by The Wizard
Thu Jul 02, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

I cancelled my cable subscription a couple of months ago, including internet service, due to our heavy travel schedule. Why pay for it if we aren't home to use it? I have an old Verizon unlimited data plan, so I'm using my smartphone to make WiFi which we use both on the road and at home. We are he...
by The Wizard
Thu Jul 02, 2015 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 130
Views: 6546

Re: Obsessing towards zero balance on credit card.

Six of one, half dozen of another. Why does it matter? It takes approximately 30 seconds to log on, schedule a payment and click the button. If you can find time to post on this forum, you can probably spare 30 seconds to click another button on the internet. I usually pay my CC balances during com...
by The Wizard
Tue Jun 30, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Using an Ally savings account from Vanguard
Replies: 13
Views: 1673

Re: Using an Ally savings account from Vanguard

I have accounts at both Vanguard and Ally, but I use my credit union checking account as the hub connecting these two and other accounts.
I don't really think I'm missing much...
by The Wizard
Tue Jun 30, 2015 7:53 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 32
Views: 2665

Re: Caribbean vacation recommendations

Bonaire, Netherlands Antillies , not really in the Caribbean, but worth a look. Locals speak Dutch, Spanish and English in that order.) Fishing, windsurfing, scuba, desert island with cactus. Many visitors from Amsterdam prefer it to Aruba or Curacao. I have been to many Caribbean islands and I fou...
by The Wizard
Tue Jun 30, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 130
Views: 6546

Re: Obsessing towards zero balance on credit card.

Because I travel a fair amount in retirement, my charges vary more now than they did when I was in the working class, anywhere from maybe $300 to $5000 a month. So I try to be more proactive about managing my CC balances, as explained earlier. It's entirely possible that I could have CC charges in a...
by The Wizard
Tue Jun 30, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 130
Views: 6546

Re: Obsessing towards zero balance on credit card.

I have retirement income coming in twice a month on a regular basis. After each of these events, I log into my two CC accounts on my smartphone and pay off most, if not all, of the outstanding balance, even before the monthly bill has been computed. I also monitor the charges to make sure no funny b...
by The Wizard
Mon Jun 29, 2015 12:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Metro Boston's Chapter (MA)
Replies: 147
Views: 15482

Re: Master Thread for Metro Boston's Chapter (MA)

Natick is metrowest and we are trying to go more southerly this time.
If someone south shore over to Route 1 can find us a good venue, I think the inclination is to go with that.
Otherwise yes, Natick could be the winnah...
by The Wizard
Mon Jun 29, 2015 9:08 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9057

Re: dow futures down 200+ points

The boglehead philosophy confuses me sometimes. Why are so many people looking to buy today? Isn't that market timing? Sort of, yes. But it's based on ACTUAL pricing, especially with ETFs. To a limited degree, responding to a RBD by buying is simply rebalancing. Generic market timing tends to be ba...
by The Wizard
Mon Jun 29, 2015 3:49 am
Forum: Investing - Help with Personal Investments
Topic: Untouched 1980s fund - Seems Cost Basis = Market Value!?
Replies: 9
Views: 1062

Re: Untouched 1980s fund - Seems Cost Basis = Market Value!?

That can happen, yes.
It would seem like all the growth would have to be in CGDs and dividends, with the share price about the same now as it was, on average, when all purchases were made...
by The Wizard
Mon Jun 29, 2015 2:40 am
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 32
Views: 2665

Re: Caribbean vacation recommendations

Jamaica is fine, but it may take some practice to find a place that's close to ideal for you. I can't just lie on the beach all day; I need my scuba diving and volleyball. We may hit Couples Negril again later this year. Fall (hurricane season) is generally the least expensive time of year for the C...
by The Wizard
Mon Jun 29, 2015 2:17 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9057

Re: dow futures down 200+ points

The question arises: what will the broad US stock market do after the opening few minutes?
Will it continue to decline as the trading day goes on?
If so, we could have a RBD on our hands!
It's been a while since we've seen a RBD in the S&P 500 or TSM...
by The Wizard
Mon Jun 29, 2015 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 4221

Re: Drawing from Retirement Savings to Delay SS

I retired two years ago at 63. I have annuity income to cover most of my expenses and am taking additional withdrawals from my tax sheltered pile in lieu of SS. My annual withdrawal rate is just a bit over 4% of my balance, so I suppose one could extrapolate that to be a 30% spend down over seven ye...
by The Wizard
Sun Jun 28, 2015 6:05 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 179
Views: 15780

Re: Greece impact on US markets Monday morning

A buying opportunity coming up for US stocks then...good...
by The Wizard
Sun Jun 28, 2015 3:55 pm
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 36
Views: 4015

Re: Three devices = redundancy

I had FOUR devices a couple years ago, including a desktop PC. My heavy laptop battery died. Then similar with my tablet. So I use my 5" Nexus 5 for this post and web surfing quite often; it's the only device I have when I'm on the road. I should get a new tablet at some point, but I'm in no ru...
by The Wizard
Sat Jun 27, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2113

Re: Future of SS due to Supreme Court Decision on Gay Marriages

jebmke wrote:
MnD wrote:Significant additional income tax revenue from married filed jointly should more than make up for additional SS payouts.

but payroll taxes will not change.

Right.
The SS trust fund and the IRS's enormous pile of income tax receipts are pretty much separate, to my knowledge...
by The Wizard
Sat Jun 27, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2113

Re: Future of SS due to Supreme Court Decision on Gay Marriages

Significant additional income tax revenue from married filed jointly should more than make up for additional SS payouts. Many same-sex and now increasingly married couples are dual high earners, hence incremental survivor benefit pay-outs are limited while additional liability from married filing j...
by The Wizard
Sat Jun 27, 2015 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2113

Re: Future of SS due to Supreme Court Decision on Gay Marriages

IPer wrote:Does that mean if I am married to someone of the opposite sex I am not gay?!

No it does not.
But you're still entitled to all SS spousal benefits regardless...
by The Wizard
Sat Jun 27, 2015 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2113

Re: Future of SS due to Supreme Court Decision on Gay Marriages

It won't hardly matter a whit. And in fact, SS was already fully available to gay married couples the past few years due to previous legislation. Quite true that some couples had to travel to a different state to get things done, so this decision removes that burden. No need for thread itself to be ...
by The Wizard
Sat Jun 27, 2015 7:03 am
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

I just finished a nine day, 1800 mile road trip to a gathering in West Virginia, plus a few days of biking on rail trails. While my lodgings all had WiFi, one motel had poorly maintained barely functional WiFi. Some rural areas had no cell service at all. But generally, when doing trips to new areas...
by The Wizard
Fri Jun 26, 2015 8:29 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

Prepaid carriers let you use a smartphone with no data but post paid carriers do not. I think T-Mobile was the last hold out. I remember having a Blackberry Pearl with no data plan, Wi-Fi only. I switch to a prepaid carrier before they required data plans for smartphones. If you want to pretend you...
by The Wizard
Fri Jun 26, 2015 7:59 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

prudent wrote:Streaming music and/or video is what eats up the data.

Checko.
You want to use WiFi for that most of the time.
Phones have settings to do app updates only on WiFi as well...
by The Wizard
Fri Jun 26, 2015 7:56 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

Also, it makes a difference whether you have access to wifi or not. At my university, I have wifi throughout the work day, and pretty much stay logged in automatically. I use very little data. My husband's employer does not allow wifi, all the computers are wired, and so he uses data all day at a m...
by The Wizard
Fri Jun 26, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 4256

Re: Smart phone data usage

GigaBytes, that's what it's based on. 1.5 GB per month is adequate on my Consumer Cellular plan when I'm in my home area, since I have WiFi most of the time. But when I'm on the road a lot, as I will be in July, the 3 GB plan fits me best for that month. As a newbie to smartphones, the OP will take ...
by The Wizard
Fri Jun 26, 2015 6:57 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1983

Re: Google Map: How To See Traffic Far Away

My smartphone is plugged in while I'm driving, so battery drain is a non issue. And quite often, when the weather is good in a new location, I will cruise about for sightseeing a bit before getting serious about heading for my next destination. Google map generally keeps track of me and gently guide...
by The Wizard
Fri Jun 26, 2015 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Re-Eval TIAA-CREF Funds
Replies: 19
Views: 1459

Re: Re-Eval TIAA-CREF Funds

Oh, and pooling your assets will NOT generally be better for compounding, with exceptions due to lower fee due to total exceeding a threshold.
But better to avoid an AUM fee in most cases, not just decrease it a bit..
by The Wizard
Fri Jun 26, 2015 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Re-Eval TIAA-CREF Funds
Replies: 19
Views: 1459

Re: Re-Eval TIAA-CREF Funds

Hi aniblock. Education is step one an you've come to the right place. 1% of assets to an advisor annually is way too much for most of us here. Can you give us a better picture of your financial holdings and age? I was into TIAA CREF for 40 years of employment and things worked out OK. Until proven o...
by The Wizard
Fri Jun 26, 2015 1:00 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1983

Re: Google Map: How To See Traffic Far Away

Right now, it shows a red zone on US 30 getting out of Pgh, then smooth sailing till a yellow zone on 495 around DC.

I'm using Android version on my smartphone...
by The Wizard
Fri Jun 26, 2015 12:55 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1983

Re: Google Map: How To See Traffic Far Away

I use the traffic feature on Google map all the time on my smartphone, before and during a trip. It can't really be accurate several hours before you get to an area. Example: leaving Martinsburg, WV at 7:30 am a few days ago, it alerted me to red zones around NYC on 287. But when I got there around...
by The Wizard
Fri Jun 26, 2015 12:52 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1983

Re: Google Map: How To See Traffic Far Away

Note: when you give it a destination, even thousands of miles away, it shows fastest route "right now" for entire route, with green/yellow/red road status...
by The Wizard
Fri Jun 26, 2015 12:48 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1983

Re: Google Map: How To See Traffic Far Away

I use the traffic feature on Google map all the time on my smartphone, before and during a trip. It can't really be accurate several hours before you get to an area. Example: leaving Martinsburg, WV at 7:30 am a few days ago, it alerted me to red zones around NYC on 287. But when I got there around ...
by The Wizard
Fri Jun 26, 2015 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 22
Views: 2216

Re: Pension Question - Early Retirement

You could compare that pension payout increase from 55 to 65 with other annuity payouts to see if it's actuarially fair. I'm betting it probably is.
I'd wait to start it till I quit employment or turned 65, WCF...
by The Wizard
Fri Jun 26, 2015 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Do you think this is a smart budget ?
Replies: 17
Views: 2600

Re: Do you think this is a smart budget ?

...As a general rule for budgets and list making, don't have a miscellaneous category. Give everything a specific purpose, don't have a catch all expense. I agree on no miscellaneous for known expenses, but it's still nice to have an extra thousand $ a month left over, on average. This can comprise...
by The Wizard
Fri Jun 26, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loan off at 2.875%? - otherwise, 14 years to go
Replies: 52
Views: 5095

Re: Pay student loan off at 2.875%? - otherwise, 14 years to go

I would set it on autopay and let it ride.
I would invest additional $$ without regard for this loan, but probably not in CDs...
by The Wizard
Fri Jun 26, 2015 6:22 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF dramatically increasing Expense Ratios
Replies: 88
Views: 10969

Re: TIAA-CREF dramatically increasing Expense Ratios

Depends on which expense tier you're in. I'm in their lowest ER tier so it costs me less. Avoid having an IRA with T-C. They treat those folks like dirt... Hi Wizard, could you amplify a bit on this earlier post? I recently found that we were eligible for an IRA through TIAA-CREF, and I'm consideri...
by The Wizard
Wed Jun 24, 2015 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Creating sub-accounts in vanguard
Replies: 10
Views: 1595

Re: Creating sub-accounts in vanguard

Too many different accounts for different purposes is not a good idea. It comes down to understanding your income and cash flow situation and Living Beneath Your Means. Long term retirement account(s) and offspring educational accounts are all that's needed. Everything else goes into some mix of tax...
by The Wizard
Tue Jun 23, 2015 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and Early Retirement?
Replies: 26
Views: 3920

Re: Social Security and Early Retirement?

Age 22 to 57 spans 35 calendar years. Have decently large income during all those years and you'll have a good sized SS benefit at age 70. Presumably you're in excellent financial shape to retire that early, so maybe SS isn't that critical to your lifestyle? There are calculators you can play with t...
by The Wizard
Tue Jun 23, 2015 1:52 am
Forum: Investing - Theory, News & General
Topic: Wealthfront suggests Dollar Cost Averaging and its opposite?
Replies: 12
Views: 1952

Re: Wealthfront suggests Dollar Cost Averaging and its opposite?

Sounds like someone at wealthfront is confused as well.

Only time I've heard of spreading out sales of a stock over time is when a zillionaire owns so much of one company that unloading too much of it in one day could depress the price...
by The Wizard
Tue Jun 23, 2015 1:46 am
Forum: Investing - Theory, News & General
Topic: Siegel, "retirement period increased more than eightfold"
Replies: 12
Views: 2670

Re: Siegel, "retirement period increased more than eightfold"

To simplify from my earlier post, what Nisiprius probably missed is that all people born into a cohort need to be considered, not just those who survive to retirement age. Consider this question: for every 100,000 people born in the US this year, what is the expected number of person-years spent in ...
by The Wizard
Tue Jun 23, 2015 12:59 am
Forum: Investing - Theory, News & General
Topic: Siegel, "retirement period increased more than eightfold"
Replies: 12
Views: 2670

Re: Siegel, "retirement period increased more than eightfold"

I agree with the conditional life expectancy idea, having reached age 62 or whatever. BUT, if you look at the cohort (as they call it) of all people born in 1950, say, you could do an integral of their lifespan distributions minus their distribution of retirement ages and maybe THAT would be eight t...
by The Wizard
Tue Jun 23, 2015 12:47 am
Forum: Personal Consumer Issues
Topic: Wedding dress in Hawaii
Replies: 14
Views: 1249

Re: Wedding dress in Hawaii

I can't imagine a tuxedo on any on the Hawaiian islands, I just can't.
You want to discover what the natives do, and then do that for the wedding...

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