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Re: Where is the Munchkin Man?

chaz wrote:The chaz wants the MM to post again!

The Wizard does also, but fears MM may have passed on...
by The Wizard
Sun Dec 21, 2014 4:09 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Where is the Munchkin Man?
Replies: 19
Views: 4950

Re: Travel Insurance

I'm to figure how the 94 yo mother fits in here.
She's not going with you on the month long trip, but if she passes away while you're over there, you will want to return home early?
Is that the main concern?
by The Wizard
Sun Dec 21, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 19
Views: 1087

Re: Who should pay for this meal?

Make it clear up front whatever you decide.
Split it 50/50 or some other fraction.
Or cancel the impending debacle...
by The Wizard
Sun Dec 21, 2014 3:06 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 71
Views: 4290

Re: Laptop as a hard drive

Most older laptops have a docking connector on the bottom for just that purpose...
by The Wizard
Sun Dec 21, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: Laptop as a hard drive [Laptop as a desktop]
Replies: 28
Views: 1172

Re: Using balanced funds to avoid rebalancing

To get a rebalancing bonus, you need to allow for excursions from your nominal AA, bands we call them. That allows one to sell high, buy low to a modest degree. Example: a 50/50 AA between a TSM fund and a MM fund, for simplicity. Starting NAV of $100 for TSM, $50,000.00 in both TSM and in MM. TSM ...
by The Wizard
Sun Dec 21, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Using balanced funds to avoid rebalancing
Replies: 30
Views: 2055

Re: Using balanced funds to avoid rebalancing

To get a rebalancing bonus, you need to allow for excursions from your nominal AA, bands we call them. That allows one to sell high, buy low to a modest degree. Example: a 50/50 AA between a TSM fund and a MM fund, for simplicity. Starting NAV of $100 for TSM, $50,000.00 in both TSM and in MM. TSM g...
by The Wizard
Sun Dec 21, 2014 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Using balanced funds to avoid rebalancing
Replies: 30
Views: 2055

Re: How do you define "being rich"?

$15 million net worth. No less. If you are looking for a number and not a philosophical/psychological definition. I have to agree with Trader Joe. The definition of the Middle Class Millionaire is $1-10M. 50% above that, with SWR of $600k seems about right for a beginning number for being rich. I a...
by The Wizard
Sat Dec 20, 2014 9:32 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 122
Views: 7287

Re: How do you define "being rich"?

mlebuf wrote:Being rich is having a lot of money. The dollar amount chosen is arbitrary.

Being wealthy is having enough money to live your life on your own terms and enjoying good health.

Wait.
Which one is better, Wealthy or Rich?
I need to know...
by The Wizard
Sat Dec 20, 2014 8:33 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 122
Views: 7287

Re: How do you define "being rich"?

Obviously, compared to a large part of the world, anyone who is not worried about getting his next meal, having shelter from the wet and cold, getting medical care when needed, etc. is rich, but I don't think that's the context in which OP asked the question. My personal taxonomy: Wealthy have at l...
by The Wizard
Sat Dec 20, 2014 8:08 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 122
Views: 7287

Re: husband with bi-polar condition spending lots of $

Sounds difficult. Can we assume they have totally separate financial accounts in most cases, except for the mortgage? No joint CC or bank accounts. So she's not responsible for his debts, but then again, he won't be able to contribute his share toward running the house. Definitely talk to a proper a...
by The Wizard
Sat Dec 20, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: husband with bi-polar condition spending lots of $
Replies: 18
Views: 3534

Re: telemarketing calls to cell phones

There are apps to block specific numbers.
I use Call Control.
And I seldom pick up on unknown numbers on incoming calls...
by The Wizard
Fri Dec 19, 2014 6:04 pm
 
Forum: Personal Consumer Issues
Topic: telemarketing calls to cell phones
Replies: 9
Views: 1283

Re: Gas Prices ($1.99) in North Texas

porcupine wrote:Before the lock, here is a site for y'all ;-)

- Porcupine

No immediate reason to lock this thread.
It has a distinct focus on our personal finances...
by The Wizard
Fri Dec 19, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Gas Prices ($1.99) in North Texas
Replies: 45
Views: 2827

Re: Please debunk this CNN Money article on dividend investi

It could be; sounds like individual stocks, not a mutual fund.
MOST successful companies pay at least some dividends.
Smaller growth companies often do not and many of those go bust eventually.
I remember a company called Digital Equipment Corporation, for instance...
by The Wizard
Fri Dec 19, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: Please debunk this CNN Money article on dividend investing
Replies: 42
Views: 4528

Re: Good, Brief Articles on the Boglehead Way?

There was a Money magazine article on Bogleheads from a couple years ago...
by The Wizard
Fri Dec 19, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: Good, Brief Articles on the Boglehead Way?
Replies: 11
Views: 1371

Re: Help with an adults only all-inclusive

We did a nine-day stay at Couples Negril in Jamaica in November. Excellent place for the most part and we'll be going back.
There are four different Couples resorts in Jamaica, so depending on your interests, you might choose a different one...
by The Wizard
Fri Dec 19, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Help with an adults only all-inclusive
Replies: 21
Views: 2662

Re: How do you determine your withdrawal rate?

It's complicated. My basic expenses are more than covered by my annuity/pension thing. So from my remaining investments, I w/d an amount roughly equal to my SS payment at age 70. But I try to reassess things each January to figure the best tax strategy approach. I'm not sure this is going to help mu...
by The Wizard
Thu Dec 18, 2014 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you determine your withdrawal rate?
Replies: 13
Views: 1212

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

Additionally, it's rumored that CC does have to change a setting on their end to allow your phone to access faster LTE service where available. So send them an email if that's a problem. ---------------------------------------------- Really? I've never talked to CC's Customer Service. I activated m...
by The Wizard
Thu Dec 18, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 14
Views: 1447

Re: U.S. stocks in freefall

Toons wrote:
chaz wrote:No freefall today. :D


Trampoline Bounce :happy

A lot better than a Dead Cat Bounce...
by The Wizard
Thu Dec 18, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1073
Views: 191005

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

I suspect that unlocked phone would work fine since both providers are GSM. But the SIM configuration details with CC were NOT straightforward, due mainly to inept customer service. I eventually got my Nexus 5 working fine after several hours of googling the problem... Wizard, if possible, can you ...
by The Wizard
Thu Dec 18, 2014 1:56 pm
 
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 14
Views: 1447

Re: Regulatory guidance - occupation information requirement

Let's say I was laundering money obtained from a host of illegal gangstering activities. How does answering this goofball question get me closer to having a bunch of Feds banging down my door? Or do you think maybe the roughly $300,000 a month in pure cash that I push through this bank could be the ...
by The Wizard
Wed Dec 17, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 2459

Re: What's your withdrawal rate for 2014?

Looks like it will be 4.3% this year, from tax sheltered investments. But a good portion of that has gone into taxable accounts, tho much of that will eventually get spent on a new vehicle purchase. This money is partly to bridge the gap to starting SS in five years at age 70. But then, RMDs start a...
by The Wizard
Wed Dec 17, 2014 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 26
Views: 2632

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

The "unlocked and non contract" iphones that you buy from apple store at full price can be used with any sim card. I dont know if Consumer Cellular SIMs work fine with these iphones. The SIM will work fine. The problem will likely be setting up the APN details in the phone to work with th...
by The Wizard
Tue Dec 16, 2014 12:09 pm
 
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 14
Views: 1447

Re: WHY is retirement enjoyable / something to look forward

I never did. One becomes realistic about job opportunities and if one really wants the stress of climbing the ladder when you get older. My job is OK and funds my passion which is travel etc. It gives me a sense of doing something meaningful (in my opinion) and enables me to give more money to char...
by The Wizard
Tue Dec 16, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 145
Views: 9061

Re: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?

I suspect that unlocked phone would work fine since both providers are GSM.
But the SIM configuration details with CC were NOT straightforward, due mainly to inept customer service.
I eventually got my Nexus 5 working fine after several hours of googling the problem...
by The Wizard
Tue Dec 16, 2014 11:10 am
 
Forum: Personal Consumer Issues
Topic: Unlocked T-Mobile iPhone 6 okay with Consumer Cellular?
Replies: 14
Views: 1447

Re: Annuities

Because you can get around a 7% payout, which is way more than you can safely do yourself...
by The Wizard
Tue Dec 16, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Annuities
Replies: 21
Views: 1936

Re: Feeling very fortunate today!

I find it "interesting" that StarbuxInvestor was able to get his username changed to TheTimeLord, since the former name didn't contain any personal info.
I didn't make the connection until reading this resurrected thread...
by The Wizard
Tue Dec 16, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 73
Views: 11637

Re: sizeable negative balaance on credit card--how to access

Why not just buy plane tickets for two to somewhere in Europe in 2015, on that CC of course.
That should be a couple thousand $$ at least. Fly business class if that's not enough to soak up the negative balance...
by The Wizard
Tue Dec 16, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: sizeable negative balaance on credit card--how to access?
Replies: 24
Views: 2791

Re: WHY is retirement enjoyable / something to look forward

Echoing many of the others, it's enjoyable because your time is your own. Even though I returned to work part time, maybe a dozen hours a week, after 18 months of retirement, I did it mostly on my terms. I no longer have to say no to various travel options that present themselves, since I'm not effe...
by The Wizard
Tue Dec 16, 2014 10:05 am
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 145
Views: 9061

Re: Paying Estimated Taxes, Due Date, Paying Monthly/Online?

There are advantages to using withholding rather than quarterly estimated in most cases. So I try to do that.
An exception was when I did a Roth conversion last year.
I did an electronic estimated payment to cover that...
by The Wizard
Mon Dec 15, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes, Due Date, Paying Monthly/Online?
Replies: 17
Views: 1693

Re: Social Security maximum earnings limit question.

Earnings are indexed to inflation, so if you got paid 90% of the max back then, it counts the same as 90% of the 2014 max. It definitely helps to have 35 years of salary history with SS, but the monthly payout formula has three sloping sections and once you get in the third section, the incremental ...
by The Wizard
Mon Dec 15, 2014 8:39 am
 
Forum: Investing - Theory, News & General
Topic: Social Security maximum earnings limit question.
Replies: 11
Views: 729

Re: How much is reasonable to spend on vacation?

Depends entirely on the focus of the particular trip.
Right now I'm pricing out a dive trip to Cayman Brac for March.
Looks like around $700 each for diving alone.
Plus airfare, lodging, meals, and the rental truck.
So decide on the THEME of your trip first, then we'll talk price...
by The Wizard
Sun Dec 14, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 2868

Re: Deductions!

Aptenodytes wrote:I still say it is illogical to care significantly more about a 28% deduction than a 25% deduction.

I agree.
With the OP's decently good income, would be more useful to focus on long-term savings percentage.
Is OP up to 30% of gross yet?
by The Wizard
Sun Dec 14, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2583

Re: Deductions!

Make an additional $3000 estimated payment toward your CA state income tax.
But any refund of that state tax will be additional income for 2015...
Edit: already stated by electron, I see...
by The Wizard
Sun Dec 14, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2583

Re: Spousal social security benefit

Yes, and yes...
by The Wizard
Sun Dec 14, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal social security benefit
Replies: 2
Views: 434

Re: Most/Least Boglehead 2014 Activity?

Most:
Attended BH13 in October.

Least:
Made firm decision to buy new aluminum F-150 pickup truck, but at least I'm delaying the purchase while I accumulate scads of additional cash to pay for it...
by The Wizard
Sun Dec 14, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 88
Views: 7990

Re: My thoughts.

Another possibility is that last week's stock market down trend was triggered by the visit of the British royals to New York...
by The Wizard
Sun Dec 14, 2014 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: My thoughts.
Replies: 13
Views: 1572

Re: do people still steal portable GPSs from cars?

Couple different issues here. The damage done from breaking into a locked car can exceed the value of what was stolen. Hence, I made the decision never to lock my Mustang convertible. Of course I don't leave any valuables in the passenger compartment. And even the half dozen quarters in one cupholde...
by The Wizard
Sun Dec 14, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: do people still steal portable GPSs from cars?
Replies: 13
Views: 1945

Re: Comparing Results from VPW, RMD, & 4% Rule Withdrawals

A fluctuating income in retirement is just fine so long as it exceeds your needs by 50% or more.
A portion of my own income is from a variable annuity adjusted monthly, hence never the same paycheck twice...
by The Wizard
Fri Dec 12, 2014 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: Comparing Results from VPW, RMD, & 4% Rule Withdrawals
Replies: 40
Views: 2194

Re: Considering more conservative allocation

I see no problem with tapering down to 60% stocks over the next year or so.
You might also want to ponder what your retirement lifestyle will be. It's possible to spend more $$$ in the early years if you get out and about a lot...
by The Wizard
Fri Dec 12, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Considering more conservative allocation
Replies: 22
Views: 1337

Re: Retirees: Withdrawals by time and amount

I have most of my investments in tax-sheltered accounts. So my retirement income consists of a larger monthly annuity amount on the first of each month plus a smaller $3000 fixed withdrawal on the 15th of each month. A fair portion of my retirement income gets reinvested in my taxable accounts. I co...
by The Wizard
Thu Dec 11, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 3433

Re: Building a new Excel spreadsheet

I put together a spreadsheet to track my BASIS for mutual funds in my taxable account years ago.
Nowadays, the fund company is required to keep track of that, so I don't need to anymore...
by The Wizard
Thu Dec 11, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: Building a new Excel spreadsheet
Replies: 33
Views: 2991

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

Sounds like the 28th it is then!
Going once...going twice...
by The Wizard
Thu Dec 11, 2014 5:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Boston's Chapter (MA)
Replies: 15
Views: 1004

Re: An interesting way I just thought about debt

Your interest rates on your loans are rather low.
I would continue putting a large percentage of your income into investments and just pay minimums on the loans.
At some point you will have ten times your loan balance in your investment portfolio and you can just laugh at the situation...
by The Wizard
Wed Dec 10, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: An interesting way I just thought about debt
Replies: 18
Views: 2648

Re: Have you ever been let go?

Technically, I've been let go once, from a summer camp kinda place in northern New Mexico. I had good times there in 1967, 68 and 69. But then in 1970, they did not invite me back. :( I was devastated at age 20; but I survived. I went on to have an engineering career from 1972 through 2013 with one ...
by The Wizard
Tue Dec 09, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 5497

Re: Ad hoc travel to Antarctica

Late to the thread, but this sounds like quite an adventure. One main question I would investigate would be the expected or likely amount saved by just being in Ushuaia to avail yourself of any unsold cabins on ships departing in the next week or two. $200? $1000? And how do last minute fares work s...
by The Wizard
Tue Dec 09, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 51
Views: 2612

Re: Buying a Low Supply Hight Demand Car

You're learning what Supply and Demand means first hand.
I even recall certain models being offered for a few thousand over MSRP a few years back. ADM it said on the window sticker. (Additional Dealer Markup...)
by The Wizard
Mon Dec 08, 2014 7:20 am
 
Forum: Personal Consumer Issues
Topic: Buying a Low Supply Hight Demand Car
Replies: 26
Views: 3006

Re: I Can't Smell The Coffee

Another option is to, umm, well, get a girlfriend who enjoys coffee in the morning...
by The Wizard
Sun Dec 07, 2014 8:12 pm
 
Forum: Personal Consumer Issues
Topic: I Can't Smell The Coffee [one cup coffee maker]
Replies: 36
Views: 4829

Re: Zion National Park

Perhaps do the one-way walk down the Virgin river and the Narrows in Zion, assuming it's doable in April...
by The Wizard
Sun Dec 07, 2014 8:29 am
 
Forum: Personal Consumer Issues
Topic: Zion National Park
Replies: 16
Views: 1192

Re: Roth or Pre-Tax?

If you are not expecting a pension, I'd use traditional more than Roth. You might be able to use enough traditional to get into the 15% bracket and put the rest into Roth at only 15%. Many people find that traditional 403b and Roth IRA are a good combination. Another supplementary 403b account? You...
by The Wizard
Sun Dec 07, 2014 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth or Pre-Tax?
Replies: 10
Views: 572
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