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Re: Don't be tempted to buy your teen a cheap (old) car, par

Perhaps safer cars make people feel safer, so they take more risks while driving? I see many, many people driving in new cars staring at the phone down in their lap. Safer cars could explain taking such risks. I see people driving distracted in a wide range of cars; do you believe that it happens m...
by TomatoTomahto
Fri Dec 19, 2014 10:57 pm
 
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 35
Views: 1827

Re: Don't be tempted to buy your teen a cheap (old) car, par

I'm saying there is real data, and a lot of it, that shows the cumulative effect of multiple recent safety improvements do make newer model cars safer. When someone I know made that claim a while ago, I pooh-poohed it too, until I read the actual studies. I believe in data. I also believe that peop...
by TomatoTomahto
Fri Dec 19, 2014 10:43 pm
 
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 35
Views: 1827

Re: What doyou splurge on?

Hopefully she gets to use them all. Local runner found an unused pair of the original Saucony Grids from ~1990 in her closet a few years ago. She tried to run in them but the materials hardened so much she said it was like running with blocks on your feet. I'm sure quality has improved but not sure...
by TomatoTomahto
Thu Dec 18, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19863

Re: What doyou splurge on?

I'm definitely in contention for the single most frugal person on this board, but we splurge on athletic shoes and exercise equipment. My wife and I have between us about 20 pairs of good (purchased within the last 2yrs) athletic shoes; when I find a deal I generally get several pairs. Most of them...
by TomatoTomahto
Thu Dec 18, 2014 11:22 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19863

Re: What do you splurge on?

We splurge on a number of things: 1. Volvo XC60s for the kids 2. Nikon D4 camera body (the 24-70 and 70-200 f/2.8 lenses aren't splurges since lenses are almost forever) 3. Woodway treadmill 4. Education 5. Vacations (although not recently) 6. Household help We also are non-splurgers on other things...
by TomatoTomahto
Thu Dec 18, 2014 10:31 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19863

Re: What do you splurge on?

Splurged this week by paying off my home mortgage. A splurge because keeping our 2.375 rate and investing in better assets was the more logical play (which my dear bogle head wife also pointed out). But for emotional security reasons I finally did the deed. We are now completely debt free. Happy Ho...
by TomatoTomahto
Thu Dec 18, 2014 10:20 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19863

Re: Odds of portfolio survival = 90%; odds of my survival =

You can reduce or eliminate the anxiety by buying an immediate annuity. You can accomplish the same thing by having an extended family that will provide for you if you live a long time. L. Or, by having a spouse who gets satisfaction from working, well past the point where any rational person would...
by TomatoTomahto
Tue Dec 16, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 167
Views: 9622

Re: "Vanguard converting mutual fund accounts to brokerage?

I work in banking sector but not related to selling any financial products. when i try to open the vanguard acct online its asking me approval from my employer. Did anyone had same experience opening a vanguard brokerage account who works in banking?. what approval do they usual need from employer?...
by TomatoTomahto
Tue Dec 16, 2014 10:54 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 252
Views: 16341

Re: Odds of portfolio survival = 90%; odds of my survival =

Your chances of living to 95 are about as good as winning a lottery. At least it makes sense to lower the bar a bit for the odds of portfolio longevity. Instead of 90%, why not lower it to 80%, 70%, even lower? For me personally, the unpleasantness of running out of money is greater than, what, lea...
by TomatoTomahto
Tue Dec 16, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 167
Views: 9622

Re: Odds of portfolio survival = 90%; odds of my survival =

What? There isn't an app that lines up failing portfolios with people who die younger? Wait! There is! No one bites? Very well. I give up, Leeraar. What app is that? An SPIA. The benefits expire when you do. Not before, not after. I happened upon this thread today. Fwiw, I thought your original pos...
by TomatoTomahto
Tue Dec 16, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 167
Views: 9622

Re: What is a move-up car after mid-size sedan?

We both wish we had heated seats. My car has this and I like them way more than I was expecting too. Very nice for stiff old backs in cold weather. My wife's car's seats are ventilated to cool and/or heat. Also, you can specify butt, back, or both; I personally prefer heating the back only. Are we ...
by TomatoTomahto
Mon Dec 15, 2014 12:47 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4034

Re: What is a move-up car after mid-size sedan?

A feature that I was meh about has actually become a favorite. Land is expensive in northern New Jersey, so parking lot spaces are narrow, making the exit from the spot tricky because you can't really see left and right very well. Mostly I find myself crossing my fingers and backing out of the spac...
by TomatoTomahto
Mon Dec 15, 2014 7:04 am
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4034

Re: What is a move-up car after mid-size sedan?

The camera or radar operated safety features such as blind spot detection/emergency braking/ smart cruise control/ etc. pique my interest and I intend to get them on my next vehicle. Subaru, Volvo and Mbz seem to be leading the charge in that respect. The new Volvos can identify pedestrians and bic...
by TomatoTomahto
Sun Dec 14, 2014 11:59 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4034

Re: 6 years into career, finally time to address the unavoid

Ask if you do not know how dangerous using a financial planner (by whatever job title they use) can be if they can accept a commission for putting you in very expensive investments. Or, if they can refer you to someone, with whom the relationship might not be as arms length as you'd like. OP, your ...
by TomatoTomahto
Sun Dec 14, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: 6 years into career, finally time to address the unavoidable
Replies: 28
Views: 4584

Re: How to best use upcoming windfall?

You don't provide some information that might be informative (salary, job stability going forward, account balances, etc.), but if it were me (or a me who wouldn't pay off all debt), I'd just pop it into a taxable account with your normal AA. I recently have come to see the possible advantages of en...
by TomatoTomahto
Sun Dec 14, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: How to best use upcoming windfall?
Replies: 9
Views: 1298

Re: What is a move-up car after mid-size sedan?

I'm not a car guy, but my wife enjoys them. I usually take hand-me-downs from her, but after 20 years of that, I told her my next car is the Tesla SUV and put down a deposit. It's got nothing to do with status; in my neighborhood it takes more than a Tesla. There is feature and lifestyle creep in ca...
by TomatoTomahto
Sun Dec 14, 2014 8:39 am
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4034

Re: Master degree in Math

Unfortunately for folks who need to earn a living, because there are enough people like my friend and my dad, CC part-time CC teaching does not pay very well. And there are also people like my older daughter with two Masters degrees and a (ABD (all but dissertation)) PhD who was willing to teach fo...
by TomatoTomahto
Sat Dec 13, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 43
Views: 3583

Re: "Why Retirement at 65 is a Fairy Tale"

When my mother, who wasn't a wise investor, tried living on SS on Long Island, my sister and I had to pitch in quite a bit of money. When my mother moved to Florida, she lived better. Still, if I didn't auto-send her some money every month, her life would have been not-so-great. She was barely getti...
by TomatoTomahto
Thu Dec 11, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11506

Re: "Why Retirement at 65 is a Fairy Tale"

If I found myself trying to make it here in Northern New Jersey on $20k, I would move. Even if it's possible, $20k would go further elsewhere. Well, if that's the standard, then developing countries might be the best deal of all. And in fact it can be a very satisfactory solution for immigrants wit...
by TomatoTomahto
Thu Dec 11, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11506

Re: Is it worth purchasing Ibonds on the verge retirement?

pascalwager wrote:I'm 72 and still buying I Bonds. Were it possible, I Bonds would be my only bond investment.

+1

I really wish they weren't limited to a small allocation. You'd think that eventually they would inflation adjust the $10k limit :)
by TomatoTomahto
Thu Dec 11, 2014 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: Is it worth purchasing Ibonds on the verge retirement?
Replies: 25
Views: 2444

Re: Why don't YOU follow Buffett's advice?

“Talking our book” about a stock we own – were that to be effective – would actually be harmful to Berkshire, not helpful as commentators customarily assume. I interpret this to mean "it would be harmful to Berkshire to talk openly and truthfully about what we really think about the stocks we ...
by TomatoTomahto
Thu Dec 11, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8062

Re: Choosing a preschool

I visited one Montessori-ish preschool. It is clean and when I fell behind on the tour, a staff member asked me what I was doing, and then admonished me to stay with the group. It's unclear to me if you thought this was something negative about the school. If so, consider that in today's world, you...
by TomatoTomahto
Thu Dec 11, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a preschool
Replies: 15
Views: 1221

Re: "Why Retirement at 65 is a Fairy Tale"

Johno, in addition to high housing costs, just about everything is expensive here. Groceries and tolls are two things that come immediately to mind. The sales tax is not trivial. Dental (I'm not yet on Medicare, so I don't know if it's covered). If I found myself trying to make it here in Northern N...
by TomatoTomahto
Thu Dec 11, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11506

Re: Is it worth purchasing Ibonds on the verge retirement?

I don't know why it would be a bad idea to buy Ibonds on the eve of retiring. I intend to. Does someone have a reason that it's a bad idea?
by TomatoTomahto
Thu Dec 11, 2014 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Is it worth purchasing Ibonds on the verge retirement?
Replies: 25
Views: 2444

Re: Why are high 401k fees maintained in competitive equilib

Why do people use high-priced plans for their IRA's? i don't. Why do people use banks that charge them high fees? i don't. Why do people shop at expensive grocery stores? Because I prefer their produce. Why do people buy a Rolex? i don't. Answers: personal preference, inertia, desire for above-aver...
by TomatoTomahto
Thu Dec 11, 2014 8:50 am
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: "Why Retirement at 65 is a Fairy Tale"

lululu wrote:
joe8d wrote:
flyingaway wrote:Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees.


+1


Who are these people living comfortably on $20,000 a year?


I don't know about their comfort level, but I don't think they're living in NJ.
by TomatoTomahto
Thu Dec 11, 2014 7:41 am
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11506

Re: Why are high 401k fees maintained in competitive equilib

Why would anyone buy a Tesla, when you can get a Camry for a lot less? Is the car market not perfectly competitive, or do buyers have difference preferences that make a market? That's an interesting example you chose: Tesla. I live in a state (NJ) that for a time limited the ease with which I could...
by TomatoTomahto
Thu Dec 11, 2014 7:04 am
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Why are high 401k fees maintained in competitive equilib

The same orders of magnitude exist in perfumes, sunglasses, certain medicines, etc. etc. It's not pound of cotton or an ounce of copper, so people perceive differences when there are none. It is almost impossible to sell a $2 bottle of perfume, no matter how good it smells. But, Vanguard has proven...
by TomatoTomahto
Wed Dec 10, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Do you sell RSUs or keep them long term?

I sell them as they vest. I view them as equivalent to wage income and not as an investment and they are taxed as such. The last five years have seen a strong bull market and hindsight is 20/20. Yup, us too. Seems unanimous on this topic. Your company might have done better than the market lately, ...
by TomatoTomahto
Wed Dec 10, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you sell RSUs or keep them long term?
Replies: 5
Views: 362

Re: Choosing a preschool

I have often praised Montessori for kids. My kids and their cohort are on paths to launch successfully (they're 16 and 18 now). My wife, as longtime members must be tired of hearing me say, credits Montessori as more important to her character and career than Vassar UG and her Fordham MBA.
by TomatoTomahto
Wed Dec 10, 2014 10:26 pm
 
Forum: Personal Consumer Issues
Topic: Choosing a preschool
Replies: 15
Views: 1221

Re: Why are high 401k fees maintained in competitive equilib

I just realized that I was too kind referring to an order of magnitude range: From http://www.cbsnews.com/news/beware-of-the-differences-between-sp-500-index-funds/ Indeed, the range of expense ratios for S&P 500 index funds is amazing. According to Lipper data, the average S&P 500 index fun...
by TomatoTomahto
Wed Dec 10, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Why are high 401k fees maintained in competitive equilib

I don't have a degree in economics, but when you refer to a market where one fund charges an order of magnitude more than what another one charges for essentially the same thing as "not perfectly competitive," I have to smack my head and wonder what went on in those classes I didn't sign u...
by TomatoTomahto
Wed Dec 10, 2014 10:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: "Why Retirement at 65 is a Fairy Tale"

tennisplyr wrote:Another article showing the dark side of boomers' expectations and preparations for retirement.

http://www.huffingtonpost.com/ann-breno ... 95136.html


They refer to me in the third paragraph. I might have to post under the alias PotatoPotahto from now on :oops:
by TomatoTomahto
Wed Dec 10, 2014 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11506

Re: Why don't YOU follow Buffett's advice?

If I were to begin playing golf, I wouldn't follow Tiger Woods' advice either; it only looks like we're playing the same game.

I have referred to golf twice today; I can almost guarantee that won't happen again in this decade.
by TomatoTomahto
Wed Dec 10, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8062

Re: Why are high 401k fees maintained in competitive equilib

It seems we would all be better off if individuals had the right to completely replace 401ks with IRAs, and have their employer match paid directly into their IRA of choice. Employers wouldn't want to deal with potentially hundreds of different custodians for payroll to direct the contributions to ...
by TomatoTomahto
Wed Dec 10, 2014 1:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Why are high 401k fees maintained in competitive equilib

I'm not going to argue your numbers, because they look extreme but mainly I simply don't have the time to research them, but your comment is part of my point. Good advisors do much more than provide investment advice. Also, there is more to retirement plan administration than the investment side. I...
by TomatoTomahto
Wed Dec 10, 2014 1:17 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Why are high 401k fees maintained in competitive equilib

Competition in the 401k space reminds me of competition in cable. For most people, switching to a different 401k provider means switching employers, which is as unlikely a tactic as moving from your home in order to switch from Comcast to Time Warner. Fwiw, I know that Verizon changes the picture (h...
by TomatoTomahto
Wed Dec 10, 2014 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2158

Re: Transferring files onto a new computer

I always back up to my Time Machine, which is a local store. Just a few clicks and you are done, but may be Mac only. I am not sure. I also would never backup my data to any sort of cloud storage for security concerns. Only local network storage for me where I am in charge of my data. From what I u...
by TomatoTomahto
Tue Dec 09, 2014 7:39 am
 
Forum: Personal Consumer Issues
Topic: Transferring files onto a new computer
Replies: 30
Views: 2030

Re: Am I being cheap? [wedding/engagement ring]

Most women are attracted to conspicuous consumption, particularly if the spending is on them, and especially so when it involves a possible mate. If I were to substitute any number of groups for "women" above, for example, African-Americans. Catholics, etc., I think we'd be nearly unanimo...
by TomatoTomahto
Mon Dec 08, 2014 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Youngster talented in science and math

I never got a pilot's license, but did ground school and enough hours (10 or more?) to solo and do some flying from airport to airport. At the time, I was not old enough for a driving learner's permit, so I had to be driven to the airport, whereupon I could legally fly off in an airplane. :confused ...
by TomatoTomahto
Mon Dec 08, 2014 10:17 am
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3297

Re: Am I being cheap? [wedding/engagement ring]

gerrym51 wrote:[snip...]trying to understand women is futile.

I don't know. I don't understand sophisticated tax schemes, bonds, etc. But, understanding women doesn't seem to be so difficult, at least any more so than understanding people in general. Maybe I'm a savant :D
by TomatoTomahto
Sun Dec 07, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Holiday Meal Splurging (Wagyu beef)

It's been a while since I've done this, but I'd sous vide some grass-fed steaks, and put them on a grill to mark them. What you save on the steaks you can use to buy a sous vide machine. I read recently (NYT iirc) that more affordable water baths are now available. If you're heading this way, practi...
by TomatoTomahto
Sun Dec 07, 2014 1:59 pm
 
Forum: Personal Consumer Issues
Topic: Holiday Meal Splurging (Wagyu beef)
Replies: 17
Views: 1536

Re: Better at making than investing

TIPS ladders are fine, but you'd be very un-diversified. I'm pretty much an idiot about investing, but luckily my wife is darned good at making. And, as it turns out, if you've made enough, you can be an idiot (albeit a disciplined idiot) about investing and do quite well. My glide path to 50/50 has...
by TomatoTomahto
Sun Dec 07, 2014 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Better at making than investing
Replies: 17
Views: 2001

Re: Am I being cheap? [wedding/engagement ring]

Bottlecap, yeah, guilty as charged. :D

The issues around marriage, sexism, etc. are ones that bring out passion in me, which is fine, but I should sometimes count to 100 before posting.
by TomatoTomahto
Sun Dec 07, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Am I being cheap? [wedding/engagement ring]

My objection is not to the wasteful expenditure, it's to the continuation of a sexist and gender-biased form of marriage. You have the right to think that, but your opinion isn't helpful to the OP. it's a political opinion that the OP did not indicate a concern about. His significant other obviousl...
by TomatoTomahto
Sun Dec 07, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Am I being cheap? [wedding/engagement ring]

... and from the other side of the aisle (haha):

From College Confidential forum: Son's long time girlfriend doesn't want a "blood diamond"

http://talk.collegeconfidential.com/par ... nd-p1.html
by TomatoTomahto
Sun Dec 07, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Am I being cheap? [wedding/engagement ring]

ResearchMed wrote:Is this true, that it is governed by some state laws?

I did not know that.

RM


http://family.findlaw.com/marriage/what ... ement.html
by TomatoTomahto
Sun Dec 07, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Am I being cheap? [wedding/engagement ring]

And there are very few things where one truly believes and hopes that "this will be a one time only special occasion/item/symbol". IANAL, and as far as I know, there no other "gifts" that have to be returned if the contract is not fulfilled. If the marriage does not take place, ...
by TomatoTomahto
Sun Dec 07, 2014 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794

Re: Am I being cheap?

Many women like jewelry. People on this site express their desires for nice cars, watches and other things that you might not care about. Why does anyone want anything but food? You may not agree or understand it, but Is it so impossible to fathom that this lady actually wants a diamond engagement ...
by TomatoTomahto
Sat Dec 06, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8794
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