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Re: Squaring the Circle

:dollar It all depends on how MUCH current income you need or want.
Can you survive on $100k per year?
If so, you should be fine. You won't run out of money.

I would worry much less about your heirs. Does it really matter whether they get $5M vs $9M??
by The Wizard
Thu Oct 23, 2014 6:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Squaring the Circle
Replies: 3
Views: 122

Re: Just wondering how you personally calculate net worth

I've not computed my net worth for a few decades now.
It's of no concern to me.
What matters is my financial assets and income in retirement...
by The Wizard
Wed Oct 22, 2014 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 32
Views: 1601

Re: Unlocking My Phone Blues

Buying an unlocked phone to start with can help also.
A thought for others; OP isn't asking for help here...
by The Wizard
Wed Oct 22, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: Unlocking My Phone Blues
Replies: 3
Views: 294

Re: Gross Yearly Income needed in Retirement (Speculation)

Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. It doesn't have to cost much at all to go to Kruger Park for a couple of weeks - rent a car (don't even need 4x4 there) and a tent, self drive around the pa...
by The Wizard
Tue Oct 21, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 76
Views: 4303

Re: Electric Garage Door

Two possibilities:
Despring it and put a digital scale in the middle of it while down and see what it says.
Google the brand/model of your door or a similar one.

I'd probably do both...
by The Wizard
Tue Oct 21, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Electric Garage Door
Replies: 10
Views: 814

Re: Electric Garage Door

Just replace the springs, assuming the door itself is OK.
Springs come with different ratings: 120, 130, 140 lbs, so get the right size for your door.
And put those Safety Cables down the middle of the springs so when they let go they don't kill someone...
by The Wizard
Tue Oct 21, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Electric Garage Door
Replies: 10
Views: 814

Re: Gross Yearly Income needed in Retirement (Speculation)

I'm a retiree, and the bigger question should be: what is your DESIRED income in retirement? Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. Depending on your ratio of tax-sheltered to taxable investments,...
by The Wizard
Tue Oct 21, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 76
Views: 4303

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer, I never bought individual stocks, just the best rated mutual funds, like good old Magellen.
I will admit that certain things should be improved for their own sake, regardless of what the customer wants or can pay for...
:D
by The Wizard
Tue Oct 21, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4716

Re: Smartphone questions

For me, the best smartphone on the market right now is the Sony Xperia Z3 Compact. It all comes down to what you value. I don't really have an interest in the giant screens, so the 4.7" display is perfect for me. I don't need the ridiculous battery-sucking 1080p displays (or higher) on a 4.7&q...
by The Wizard
Mon Oct 20, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 63
Views: 3657

Re: Anyone cancelling travel plans?

VictoriaF wrote:
The Wizard wrote:I'm sensing a thread shutdown here..


Do you think the thread has become contagious?

Victoria

Yes, perhaps too toxic for its own good...
by The Wizard
Mon Oct 20, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6188

Re: Anyone cancelling travel plans?

I'm sensing a thread shutdown here..
by The Wizard
Mon Oct 20, 2014 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6188

Re: Mold in dishwasher

Run the Rinse Cycle every day or two like I do, to flush away food chunks prior to eventual wash cycle.
No mold problems doing that...
by The Wizard
Sun Oct 19, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: Mold in dishwasher
Replies: 14
Views: 1100

Re: POLL: How fulfilling is your retirement?

Nineteen months in, it's good.
I find I do need to push a bit to keep active in the ways I want.
Otherwise, too many lazy days can pile up, if that makes any sense...
by The Wizard
Sun Oct 19, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2978

Re: "I've had it" at work - how often

Age 64. Engineering for 41 years, till March, 2013. Can't say I really had an I've Had It moment. I worked all 41 years for same employer, though a few different divisions. Thing with this type of engineering is: we would fluctuate over the years with too little work and too much work; but I dealt w...
by The Wizard
Sun Oct 19, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 11901

Re: Anyone cancelling travel plans?

Yes, you're being overly paranoid...
by The Wizard
Sat Oct 18, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6188

Re: Need advice: retired, now return to work FT at same empl

I returned to work PART-TIME at my former employer, about 18 months after retiring from there. I have No Desire to return on full-time basis even if I could. I'm now a Per Diem employee with hourly pay basically the same as what they paid me before. I just have taxes and OASDI withheld from that pay...
by The Wizard
Sat Oct 18, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1304

Re: Debit Card was hacked. Should I just use cash from now

Credit Card(s), yes.
I only use my "debit card" for ATM transactions, mostly to get cash.
I do have an app on my smartphone that acts like a debit card when buying gasoline at Cumberland Farms, but that's not likely to get hacked...
by The Wizard
Sat Oct 18, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 54
Views: 3208

Re: Considering a more aggressive AA than age = bonds

Getting back to the OP's question, I think a key point is to determine an AA that you are comfortable with for the remainder of your life, once retired. For some of us, myself included, that's 50/50. So you start our more aggressively, maybe 75% or 80% in stock and then eventually taper down to your...
by The Wizard
Sat Oct 18, 2014 8:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3259

Re: Snow Blower

I strongly recommend heated handles, seemed like a luxury to me, so I did not get it. Once my hands get cold (which happens no matter what kind of gloves/ mittens/ hand warmers I wear) it turns into a miserable experience... Having serveral pairs of gloves is a good idea. Insulated ski gloves work ...
by The Wizard
Sat Oct 18, 2014 8:27 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2610

Re: Snow Blower

I ended up buying this unit $950 out the door: http://m.homedepot.com/p/Cub-Cadet-2X-528-SWE-28-in-277-cc-2-Stage-Electric-Start-Gas-Snow-Blower-with-Power-Steering-2X-528-SWE/203528131 Knowing my luck this will ensure against any snow fall this year. Looks good, OP. Get a package of Shear Pins for...
by The Wizard
Sat Oct 18, 2014 8:24 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2610

Re: Why do people use age instead of life expectancy?

Years Remaining Until Expected Retirement might also be a better metric to use for adjustments.
But I think simple age is fine for the most part. It still doesn't address individual Risk Tolerance and related issues...
by The Wizard
Sat Oct 18, 2014 8:14 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Smartphone questions

bungalow10 wrote:
Interesting. I don't know a single person who has switched from Android to Iphone, but I know the other way around. My office used to be about 100% Iphone because our IT only supported integrating our email on IPhone.

I think you mean Blackberry.
That's the device that corporate email prefers...
by The Wizard
Fri Oct 17, 2014 6:31 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 63
Views: 3657

Re: New House Built on a Wrong Lot

General comment thread, sorry to say...
by The Wizard
Fri Oct 17, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: New House Built on a Wrong Lot
Replies: 9
Views: 1724

Re: Livesoft - Thank you

Probably not lock it up as much as move it to the BH Community forum.
And yes, Livesoft is OK... :twisted:
by The Wizard
Fri Oct 17, 2014 12:59 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 37
Views: 4019

Re: Smartphone questions

I'm on my second android phone now and am happy with it. It's a Nexus 5 which I used with Cricket for a while but now on Consumer Cellular. Since the OP is new to smartphones, it will take a while to figure out which apps to get for it and how to integrate in into your life to the point that it beco...
by The Wizard
Fri Oct 17, 2014 12:55 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 63
Views: 3657

Re: Can I reduce my *retirement* savings rate?

...Could you expand on what you mean by "Express a Retirement Concept"? I would love to do that, but don't quite understand. Sounds like you're just in your 20's so maybe it's early to be pondering your retirement lifestyle much. Right now is the time to find out the recreational things y...
by The Wizard
Fri Oct 17, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3298

Re: What will you do when you retire?

This is a good question. The answer depends to a degree on what you did BEFORE you retired, since it's fairly easy to do twice as much of certain things you enjoy already, now that you have much more time and (hopefully) sufficient money to do them. In my particular case, 19 months into retirement, ...
by The Wizard
Fri Oct 17, 2014 12:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3622

Re: Can I reduce my *retirement* savings rate?

...Also don't understand the her retirement MY retirement, do you live together and are legally married? Final question, what is FI money? It's either Fixed Income or Financial Independence money, but your Q about legally married made me smile. Somehow, I think it would be good if the OP could expr...
by The Wizard
Fri Oct 17, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3298

Re: Can I reduce my *retirement* savings rate?

Seems to be a bit of a dichotomy here with the wife retiring at 35 and you working forever.
That approach isn't for everyone, but if the numbers work for you, I suppose it's OK...
by The Wizard
Fri Oct 17, 2014 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3298

Re: Roll Call for the Retirement Class of 2014!

Retiring yet again on 25th of September for the nth time after consulting for 11 months. I was goofing off since January 2011... I don't think it's necessary to retire AGAIN if you didn't go back to work close to full time. I retired in March, 2013 and returned to work on an engineering project I h...
by The Wizard
Fri Oct 17, 2014 10:07 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 228
Views: 21409

Re: How did you get from $1M to $10M

Not in target audience either. But the "problem" is: that number ($10M) exceeds the retirement goals of most people by a factor of two or more. So MOST Bogleheadish people will quit work and retire with $5M at age 45, for example. True entrepreneurs will keep going, but they aren't always ...
by The Wizard
Thu Oct 16, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4008

Re: Can I put 52000 a year in my 403b (401k whatever)

I was close to that level of contribution to my 403(b) plans the last few years before I retired. While I was able to max out the voluntary contribution, the mandatory contribution was tied by a percentage formula to my salary. And it wasn't possible simply to increase my salary for purpose of maxin...
by The Wizard
Thu Oct 16, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I put 52000 a year in my 403b (401k whatever)
Replies: 27
Views: 2417

Re: Feeling very fortunate today!

What's so special about December 1st anyway?
by The Wizard
Thu Oct 16, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 52
Views: 6097

Re: Retirement pension options -- CONFUSED!

I would not take the lump sum in cash. I would only do a lump sum if it could remain tax-sheltered and roll it over into my IRA. OP needs to be ACCUMULATING funds for retirement, not sapping them to pay down current expenses. Agree with others that Big Picture needs to be examined, but that's my ans...
by The Wizard
Thu Oct 16, 2014 7:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement pension options -- CONFUSED!
Replies: 15
Views: 1241

Re: Fleeting RBD for large-cap US and emerging markets?

We seem to be in a correction trend presently.
So I might put modest new money into the Extended Market fund in my Roth IRA for this year on a RBD but true rebalancing may have to wait until I get down to 48% or 47% stocks.
And that hasn't happened yet...
by The Wizard
Thu Oct 16, 2014 5:15 am
 
Forum: Investing - Theory, News & General
Topic: Fleeting RBD for large-cap US and emerging markets?
Replies: 16
Views: 1227

Re: Roll Over Old TIAA CREF Account?

Keep it.
Move everything into the TIAA Real Estate Account (TREA).
You'll want to thank me later...
by The Wizard
Wed Oct 15, 2014 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll Over Old TIAA CREF Account?
Replies: 15
Views: 764

Re: Capital One chip card!

...And you won't be able to do a number of things. Tolls on some toll roads, gas stations ... Back in 2009 I damn near ran out of gas in Brussels in search of an attended gas station. OK, thanks for the info. My next European trip is in 2015, so I'll try to get them to divulge my PIN to me before t...
by The Wizard
Wed Oct 15, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One chip card!
Replies: 20
Views: 1225

Re: Capital One chip card!

Doesn't the chip just protect against someone copying your information and creating a fake card? This doesn't seem to be the real threat. Isn't the real threat simply someone getting your number and using it - and passing it around - online. The chip doesn't prevent that, right? Correct, I think. T...
by The Wizard
Wed Oct 15, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One chip card!
Replies: 20
Views: 1225

Re: BOGLEHEAD CONTEST -- S&P at record high.

With recent stock market volatility, this "contest" is proving once again that "Nobody Knows Nuthin" when it comes to the markets.
Regardless, I hope I win...
by The Wizard
Wed Oct 15, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- S&P at record high.
Replies: 26
Views: 3900

Re: Capital One chip card!

Yea, with the 2015 law to go to chip cards every new card you get will have a chip in it. However, I've tried chip readers at Panera and Walmart, and neither of the chip readers are working despite being there, so I had to use the magnetic swipe. Yes, that will be interesting. I suspect that most A...
by The Wizard
Wed Oct 15, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Capital One chip card!
Replies: 20
Views: 1225

Re: Hold My Hand - I Am Rebalancing

How often have you been rebalancing? I think the question I'd ask is "what are your bands?" With the commonly used band of 5% of the asset you normally wouldn't be triggering a rebalancing event that often with your portfolio... I would also ask: what is your rebalance percentage amount? ...
by The Wizard
Wed Oct 15, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Hold My Hand - I Am Rebalancing
Replies: 20
Views: 1244

Capital One chip card!

I've had a Capital One Visa card for a while and recently got an email from them that they are replacing it with a new one due to the Home Depot data breach. To my knowledge, I've had no unauthorized use of my card number, so it seems they are just being proactive. Good. Saturday, I got a letter in ...
by The Wizard
Wed Oct 15, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Capital One chip card!
Replies: 20
Views: 1225

Re: Does "substantially identical" apply to combined securit

I would say NO to the OP's question, no matter what the split between those two replacement funds...
by The Wizard
Tue Oct 14, 2014 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Does "substantially identical" apply to combined securities?
Replies: 31
Views: 1430

Re: Do you rebalance now?

Stupid question but does rebalance mean buy more stocks or bonds (depending on which way you rebalance) to hit a new asset allocation or does it mean sell/move shares of one type of fund into another? If you are selling does that mean there will be tax implications every time you rebalance? Answer ...
by The Wizard
Tue Oct 14, 2014 7:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you rebalance now?
Replies: 17
Views: 1463

Re: Do you rebalance now?

Most folks advocate "bands", where your desired AA (say 60/40) has become 55/45. Then, you would sell enough of the "45" to get back to 60/40... Not necessarily. I have bands like that but I rebalance in 1% increments, just enough to get back within bands. So I would get back to...
by The Wizard
Tue Oct 14, 2014 7:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you rebalance now?
Replies: 17
Views: 1463

Re: Help me not thinking about getting a brand new car

Since 1975, all I've bought is new cars and trucks.
I buy new shoes and shirts as well.
I guess I don't see the problem.
You keep these vehicles for ten years or so, right?
by The Wizard
Mon Oct 13, 2014 8:42 pm
 
Forum: Personal Consumer Issues
Topic: Help me not thinking about getting a brand new car
Replies: 16
Views: 937

Re: Do you rebalance now?

Don't rebalance too quickly during downturns.
Every 5% down is fine...
by The Wizard
Mon Oct 13, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you rebalance now?
Replies: 17
Views: 1463

Re: Retired and end of month checking account balance?

One difference in retirement for me is increased personal travel expenses. They tend to be irregular and sometimes the same month as my quarterly property tax payment is due. I prefer to pay all this stuff from current income and not have to raid my mid-term savings. A larger checking balance helps ...
by The Wizard
Mon Oct 13, 2014 7:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1861

Re: Do you every turn your smart phone off?

No need to turn my Nexus 5 off, no.
I usually leave it on charge overnight and life is good...
by The Wizard
Sun Oct 12, 2014 7:00 pm
 
Forum: Personal Consumer Issues
Topic: Do you every turn your smart phone off?
Replies: 36
Views: 1903
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