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Re: Anyone regret paying off mortgage early?

A big difference between a debt and an expense is that a debt such as a mortgage, student loan, or car loan, will disappear over time. It gets paid off so the debtor doesn't owe any money on it any more, turning that monthly payment to zero, hence the term "debt-free." An expense such as ...
by VictoriaF
Mon Jan 26, 2015 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 306
Views: 37200

Re: What experts say about $5,000 watches

This thread is mythical. Specifically a hellish nexus of the Sirens and Sisyphus myths. We are all doomed to be drawn irresistibly to the rocky shores of this thread The rocky shores suggest that the Mandelbrotian recursion also applies. and to endlessly repeat ourselves until the end of time. For ...
by VictoriaF
Mon Jan 26, 2015 11:55 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173178

Re: "7 Myths That Could Trip Up IRA Contributors"

When I first saw the list of IRA myths in Taylor's message I started worrying that I was misled by every one of them. However, in the article these seven items are described not as myths but as generally prudent assumptions that sometimes don't hold. A more accurate title would be "7 common IRA...
by VictoriaF
Mon Jan 26, 2015 11:17 am
 
Forum: Investing - Theory, News & General
Topic: "7 Myths That Could Trip Up IRA Contributors"
Replies: 2
Views: 705

Re: Drinking water

I drink bottled Pellegrino and boil tap water for hot tea.

Victoria
by VictoriaF
Mon Jan 26, 2015 10:42 am
 
Forum: Personal Consumer Issues
Topic: Drinking water
Replies: 45
Views: 2950

Re: Time to stop driving for 85 yo MIL

After a friend got nowhere trying to enlist the help of her 95-year-old dad's doctor she discovered that a local hospital ran a driver evaluation program that included tests on perception and reactions. She convinced her dad to undergo testing. He failed. He willingly gave up his license. Thank you...
by VictoriaF
Mon Jan 26, 2015 9:45 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3649

Re: Anyone else love reading textbooks?

EDIT: Victoria, after reading your questions again I realized my summary didn't make it clear that the essay was based on an idea for such a university. So I added a lead sentence to the original post, but of course can't do that here. I'm sorry if it was confusing and hope it wasn't. Fallible, eve...
by VictoriaF
Mon Jan 26, 2015 9:42 am
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Preparing for RMDs

Are you planning to move after you retire? State income taxes make a big difference. Either NC, VA, or PA. In another thread Chris has mentioned that in NC, 10 equal annual distributions from the TSP are not taxed by the state. Check it out. I think Pennsylvania does not tax Roth conversions, check...
by VictoriaF
Sun Jan 25, 2015 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 58
Views: 3960

Re: Retirement Check

Chris.. That is why I said there is continuing debate (in other forums) as to whether it even makes sense to go out from FEHB plans, given the costs for supplemental policies ... it is probably best to say "your results may vary" and let you do your due diligence. Do you mean other Bogleh...
by VictoriaF
Sun Jan 25, 2015 6:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3303

Re: Preparing for RMDs

Are you planning to move after you retire? State income taxes make a big difference. Either NC, VA, or PA. In another thread Chris has mentioned that in NC, 10 equal annual distributions from the TSP are not taxed by the state. Check it out. I think Pennsylvania does not tax Roth conversions, check...
by VictoriaF
Sun Jan 25, 2015 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 58
Views: 3960

Re: Retirement Check

Chris.. That is why I said there is continuing debate (in other forums) as to whether it even makes sense to go out from FEHB plans, given the costs for supplemental policies ... it is probably best to say "your results may vary" and let you do your due diligence. Do you mean other Bogleh...
by VictoriaF
Sun Jan 25, 2015 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3303

Re: Preparing for RMDs

mmoneytalks, What state do you live in? Are you planning to move after you retire? State income taxes make a big difference. I am a FERS retiree, and I will be getting Social Security after the age of 70. Therefore, it's important for me to do Roth conversions before Social Security kicks in. In you...
by VictoriaF
Sun Jan 25, 2015 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 58
Views: 3960

Re: Retirement Check

contender wrote:@Dandy
if i use my tsp/ira funds for expenses, its like converting to roth. No?


What do you mean?

Victoria
by VictoriaF
Sun Jan 25, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3303

Re: How to get things wrong - Swiss Franc (CHF)

It's an interesting contrast: the goal of the SNB is to bring the value of the CHF down and the goal of the CBR (Central Bank of Russia) is to bring the value of the Ruble up. I wonder if it provides an opportunity for arbitrage. Victoria YIKES! Currency arb = swimming with large hungry sharks. Wit...
by VictoriaF
Sun Jan 25, 2015 9:57 am
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3527

Re: Poll: Principles of Boglehead Philosophy

Landy, For any abstract concept, there is a spectrum of descriptions. In the case of the Bogleheads philosophy, this spectrum may include the following (from the least to the most comprehensive): 1. A single the most important principle. 2. Three most important principles. 3. Five-to-ten most import...
by VictoriaF
Sun Jan 25, 2015 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: How to get things wrong - Swiss Franc (CHF)

Thanks Valuethinker, that makes a lot of sense. To my (somewhat limited) understanding, if a national bank decides to intervene, the problem of the SNB was probably an easier one than what the Russian currency is currently experiencing. To a certain extent, you can keep your currency at a low valua...
by VictoriaF
Sun Jan 25, 2015 9:20 am
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3527

Re: Poll: Principles of Boglehead Philosopy

Nonsense. The Boglehead philosophy isn't about "having fun" with it, or about "goals, fantasy." The philosophy is an activity of thought meant to guide action all of the time. "The most effective number to focus on" is ALL . 10 Principles of the Bogleheads investment p...
by VictoriaF
Sun Jan 25, 2015 8:24 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Downsize, Reduce, Simplify.

The easiest trick I've found is getting out your camera and taking a photo of the things you're parting with. When I was younger I'd dig through boxes and find something I hadn't seen in 10 years. It would fill me with nostalgia and then I'd put it back in the box where I wouldn't see it for anothe...
by VictoriaF
Sun Jan 25, 2015 7:02 am
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: Downsize, Reduce, Simplify.

Of course, I have truly considered living out of a backpack and having nothing else, but I really like having a home! Even more so, now, because I appreciate being able to turn on a tap and have clean water come out, being able to take a hot shower, having a refrigerator full of food and four burne...
by VictoriaF
Sat Jan 24, 2015 8:55 pm
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: What Book Are You Currently Reading? Part VI

Who is more authoritative: Matt Taibbi or Wikipedia? In this case, it's an interesting question. I have huge respect for Wikipedia but it's important to understand how it works. Nisiprius, Thank you for the commentary. My statement was made tongue-in-cheek. I have recently received a degree from a ...
by VictoriaF
Sat Jan 24, 2015 8:01 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 442
Views: 57284

Re: Downsize, Reduce, Simplify.

Really interesting thread! Of course we're not getting the people who haven't downsized because they know they don't want to and wouldn't be happy that way. I downsized a few years ago due to an unexpected move, and have regretted nothing I got rid of except some books. I used to be a book hoarder,...
by VictoriaF
Sat Jan 24, 2015 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: Downsize, Reduce, Simplify.

For six months, I lived with only the items I could carry in a backpack. I did a lot of planning and had a list of what I took trying to minimize it because I had to carry it all every day. Even then, I was able to get rid of approximately 30% of it, things that I really didn't need after all. I le...
by VictoriaF
Sat Jan 24, 2015 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: Anyone else love reading textbooks?

That's actually on purpose. Educational theory these days is all about Bloom's Taxonomy of Educational Objectives where recall of facts is considered lower order thinking and teachers are encouraged to push up into higher orders of thinking where students are forced to synthesize and recreate the i...
by VictoriaF
Sat Jan 24, 2015 5:18 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Anyone else love reading textbooks?

A delightful essay from one of my old college textbooks by Mark Van Doren, "Education by Books" ( The Nation , 1933), somewhat pertains here I think. It's about an institution, basically a university, whose sole purpose was to require students to read some of the greatest classics over fo...
by VictoriaF
Sat Jan 24, 2015 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Anyone else love reading textbooks?

That's actually on purpose. Educational theory these days is all about Bloom's Taxonomy of Educational Objectives where recall of facts is considered lower order thinking and teachers are encouraged to push up into higher orders of thinking where students are forced to synthesize and recreate the i...
by VictoriaF
Sat Jan 24, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Retirement Check

I still have some money in TSP, about 400k, and want to convert it to roth before i turn 70. what's the best way to do it? how to minimise federal and VA taxes? Do you know if tsp will allow roth conversion? w/r contender While it is true that you may not take your TSP funds and convert them into R...
by VictoriaF
Sat Jan 24, 2015 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3303

Re: Retirement Check

I still have some money in TSP, about 400k, and want to convert it to roth before i turn 70. what's the best way to do it? how to minimise federal and VA taxes? Do you know if tsp will allow roth conversion? w/r contender This is similar to what I want to do. I am waiting for the TSP Board to allow...
by VictoriaF
Sat Jan 24, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 31
Views: 3303

Re: Online safety and security tips

pa7VQbb1kTkj1eLn3spK wrote:I use KeePass, which is stored locally.


Was your Bogleheads screen name generated by a password manager? {curious}

Victoria
by VictoriaF
Sat Jan 24, 2015 2:38 pm
 
Forum: Personal Consumer Issues
Topic: Online safety and security tips
Replies: 12
Views: 1089

Re: Downsize, Reduce, Simplify.

VictoriaF said: The indicators include the contents of one's car and even one's electronic communications. Unnecessary periods (.......), multiple exclamations points (!!!!!), and long-winded sentences are giveaways. Sounds like Chaz would be an ideal partner. Yes, Chaz would qualify. Victoria
by VictoriaF
Sat Jan 24, 2015 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: Poll: Principles of Boglehead Philosopy

So yes, I voted for "living below your means" as a Boglehead principle. Without that, nearly every other principle breaks down. So "living below your means" isn't equated with being frugal? I can wear a Rolex and still be a Boglehead? That's good news. If you Live Beyond Your Me...
by VictoriaF
Sat Jan 24, 2015 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Google Chrome: is this a mega security problem?

travellight wrote:great to learn about 2FA, thanks!


I hope Browser will continue sharing his technical journey(s). Many of us will learn from him or with him.

Victoria
by VictoriaF
Sat Jan 24, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6553

Re: Anyone else love reading textbooks?

Thank you, texasdiver, these are fascinating insights. I had no idea that it's so complex.

Victoria
by VictoriaF
Sat Jan 24, 2015 12:53 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Anyone regret paying off mortgage early?

Statistically and historically it is financially better to not pay off the mortgage. But, people choose to take that money and purchase "piece of mind" instead. It may have cost $50K or $150K but apparently to those people piece of mind is worth it. Who can argue with that. The difference...
by VictoriaF
Sat Jan 24, 2015 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 306
Views: 37200

Re: Anyone else love reading textbooks?

A good number of elementary-middle school- high school textbooks are written off-shore where costs are much lower. Some of the errors in history texts have been so blatant that I have gone back to trusted sources to verify my suspicions. I do not proofread full-time. That would be far too boring. I...
by VictoriaF
Sat Jan 24, 2015 11:58 am
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Hedging home value risk

I'm planning to buy an expensive house, but am not thrilled about the amount of risk it's exposing us to and am looking for a hedge. In particular, I'd like to plan a contingency for if we became unable to afford our mortgage. If this happened at the same time that the house was underwater, it coul...
by VictoriaF
Sat Jan 24, 2015 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Hedging home value risk
Replies: 23
Views: 1087

Re: Poll: Principles of Boglehead Philosopy

oragne lovre wrote:Just be careful with your NEW habits since they may become addictive :D


I'm aiming at becoming Petrocelli's drunken sailor.

Victoria
by VictoriaF
Sat Jan 24, 2015 10:44 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Poll: Principles of Boglehead Philosopy

Petrocelli wrote:If you are a good saver, and have a good income, you can spend like a drunken sailor and still follow every precept of Boglehead investing.


... for as long as a drunken sailor can keep the ship on course.

Victoria
by VictoriaF
Sat Jan 24, 2015 10:06 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Downsize, Reduce, Simplify.

This has been an ongoing struggle for us. My wife is a packrat. The Bogleheads frequently discuss the importance of choosing the spouse with a similar attitude to spending and saving. I think the attitude to clutter is equally important: not only because of the money spent on creating the clutter, ...
by VictoriaF
Sat Jan 24, 2015 10:01 am
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7133

Re: Poll: Principles of Boglehead Philosopy

For the life of me, I have never understood how "living below your means" became so ingrained in an investing philosophy. Don't get me wrong, saving is extremely important. But once you save enough, isn't the goal to have fun with all that money you saved? You can't take it with you. &quo...
by VictoriaF
Sat Jan 24, 2015 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Poll: Principles of Boglehead Philosopy

For the life of me, I have never understood how "living below your means" became so ingrained in an investing philosophy. Don't get me wrong, saving is extremely important. But once you save enough, isn't the goal to have fun with all that money you saved? You can't take it with you. it's...
by VictoriaF
Sat Jan 24, 2015 9:29 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Poll: Principles of Boglehead Philosopy

Ten, eleven, or whatever is the right number of the Bogleheads principles, provide a comprehensive view of one's personal financial management. Perhaps, things like adequate insurance and estate planning belong here, too. However, the most effective number to focus on is THREE. If you have a list o...
by VictoriaF
Sat Jan 24, 2015 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Anyone else love reading textbooks?

[Re history texts: are you referring to errors of fact or just differing interpretation of events? n 1942, Columbus sailed the ocean blue. :D ;) One reputable source refers to "when the Germans bombed Pearl Harbor." Victoria I checked my quality textbook: Columbus bombed America in 1492. ...
by VictoriaF
Fri Jan 23, 2015 10:34 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Poll: Principles of Boglehead Philosopy

Wildebeest wrote:May be I should have used an emoticons but I do hate them and almost as much as I hate to be in debt.


Emoticons are vulgar; when I have emotions, I spell (spill?) them out in parentheses.

Victoria
by VictoriaF
Fri Jan 23, 2015 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Anyone else love reading textbooks?

frugalguy wrote:
Fallible wrote:[Re history texts: are you referring to errors of fact or just differing interpretation of events?


n 1942, Columbus sailed the ocean blue. :D ;)


One reputable source refers to "when the Germans bombed Pearl Harbor."

Victoria
by VictoriaF
Fri Jan 23, 2015 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Poll: Principles of Boglehead Philosopy

I will vote on one item: living below your means, even while living beyond your means may support our economy better. Both are LBYM, so you are covered either way. Seriously, I find the argument about "supporting the economy" harmful, because it provides a quasi-legitimate excuse for over...
by VictoriaF
Fri Jan 23, 2015 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Poll: Principles of Boglehead Philosopy

. There are no 3, 4 (whatever) important investing principles. The Boglehead investing philosophy is comprehensive -- all 10 principles -- encompassing important investing decisions that enhance our ability (and probability) to meet financial goals. I didn't really read all responses in detail, but...
by VictoriaF
Fri Jan 23, 2015 7:59 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3511

Re: Anyone else love reading textbooks?

I view the advantages of paper over electronic media as: (1) Electronic media is connected to the internet. You cannot isolate yourself from the mental energy drain of distraction, with the possibility of surfing at the back of your mind. (2) Books are reliable and compact. They dont fail in power ...
by VictoriaF
Fri Jan 23, 2015 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Google Chrome: is this a mega security problem?

(As an aside, I could use your same argument to say that cell phone use has NOT been proven to not cause cancer for a 50+ year window - so we might as well stop using our cell phones.) A negative impact of generating electro-magnetic radiation next to one's head is within the realm of possibility. ...
by VictoriaF
Fri Jan 23, 2015 5:54 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6553

Re: Anyone else love reading textbooks?

I strongly believe they need to learn how to sit down, and digest quality textbooks. ... And equally importantly (this is crucial for test-takers) - reviewing a textbook is far, far faster than reviewing multimedia. I agree about the value of hard books for reading hard material. I would not be abl...
by VictoriaF
Fri Jan 23, 2015 5:23 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Anyone else love reading textbooks?

I really, really believe that the 'secret' to my success was as simple as being willing to re-read stuff multiple times. Reading textbooks and other materials multiple times is definitely an effective approach. I did not do it in all phases of my education, but what put me on the "A student&qu...
by VictoriaF
Fri Jan 23, 2015 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776

Re: Anyone else love reading textbooks?

Van wrote:NO


You used all available editing features (bold/italic/underline) to make your point. The next level would be to color it red, to get to NO.

Victoria
by VictoriaF
Fri Jan 23, 2015 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2776
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