Search found 39 matches

by 2 Tasty
Mon Jul 10, 2017 12:26 am
Forum: Investing - Theory, News & General
Topic: The cost of car ownership
Replies: 51
Views: 3251

Re: The cost of car ownership

Taylor, excellent words of wisdom. I, too, was once a "car guy", enjoying the poor man's corvette on the twisty roads and race track a few times a year. Certainly was a hell of a lot of fun. It wasn't until I heard a similar explanation that I realized how much my joyrides were affecting m...
by 2 Tasty
Sat Jul 08, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 120
Views: 6119

Re: Shopping for first bike since I was a kid

Contrary to some assertions on this thread, a good bike can be had within the range of the OP's budget and planned activity level. Case in point: I purchased a new Nashbar road bike for just over two hundred dollars a few years ago, and have probably put on a couple thousand miles since that time. T...
by 2 Tasty
Mon Mar 20, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing tax burden in Arizona
Replies: 7
Views: 1456

Re: Reducing tax burden in Arizona

Sandtrap wrote:where in arizona?


I'm in Yuma County.
by 2 Tasty
Sun Mar 19, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing tax burden in Arizona
Replies: 7
Views: 1456

Re: Reducing tax burden in Arizona

Arizona has a state tax exemption for certain charitable organizations where you can get a 100% tax credit for up to I think $600 for a married couple. So for example, you donate $100 to a charity, and Arizona gives you back $100 when you file your state taxes. But that $100 can also be taken as a ...
by 2 Tasty
Thu Mar 16, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 3207

Re: Where do you save for large purchases?

We always "save" by investing in the stock market. That is: Equities and specifically broad-market stock index funds. If they go down, then we just either don't buy what we are saving for until they go up or we just buy anyways. Over the long-term, equities beat the performance pants off ...
by 2 Tasty
Wed Jan 11, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Owning Only The Total Stock Market Index
Replies: 14
Views: 2600

Re: Owning Only The Total Stock Market Index

I agree with your approach (since it safely maximizes expected returns), as long as you can mentally stay the course when your portfolio drops 50%.
by 2 Tasty
Tue Jan 10, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Tax-efficient market timing?
Replies: 6
Views: 397

Re: Tax-efficient market timing?

One advantage you gain is the stepped-up cost basis when you buy back in. So if you buy in at $92.5k, that would be your basis rather than $75k. How much that is worth to you depends on future withdrawal strategies. Hadn't seen it mentioned, but you'd be missing out on dividends while sitting on the...
by 2 Tasty
Sun Jan 08, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Should I leave Ameriprise?
Replies: 58
Views: 6341

Re: Should I leave Ameriprise?

I'm friendly with my boss because my salary depends on it. Not because we're friends.
by 2 Tasty
Thu Jan 05, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 3130

Re: Don't Shoot. Questioning 401k

Do you fill out your own tax returns? That is sort of a prerequisite to understanding what's going on. And I don't mean just clicking in tax software, but instead at least reading all of Form 1040 (it is only front and back, so 2 pages) and understanding what each line with a dollar amount on it me...
by 2 Tasty
Wed Jan 04, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 3130

Re: Don't Shoot. Questioning 401k

You are correct in that 401(k)s could end up being a poorer choice with regards to taxes than a taxable account due to potentially much higher marginal tax rates in retirement (and also high fees, but this part will be ignored). By my calculations, assuming an average hold period of 30 years, one's ...
by 2 Tasty
Tue Aug 16, 2016 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of my debt vs using tax advantaged space - which is better?
Replies: 18
Views: 1813

Re: Getting out of my debt vs using tax advantaged space - which is better?

With regards to the question of paying down debt vs tax-advantaged investing: I find it extremely valuable to run a spreadsheet comparison between competing strategies, and I am often surprised by the outcome. Now, without having run such a comparison for your situation (and ignoring areas where you...
by 2 Tasty
Tue Jul 26, 2016 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives for Generating Passive Income vs. Other Options
Replies: 17
Views: 2518

Re: Alternatives for Generating Passive Income vs. Other Options

Hello first-time poster! Financial independence is a worthy goal to strive for. The key to achieving it is to minimize your expense-to-savings ratio. You provide a rough idea of your annual savings (~$21k), but I can only infer that your expenses are somewhere north of $80k? At this rate, financial ...
by 2 Tasty
Sat Jul 16, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Whether to put 20% or 10% down on house
Replies: 20
Views: 2637

Re: Whether to put 20% or 10% down on house

I found I was at a loss as to how much to put down until I ran an Excel simulation over the life of the loan with assumed stock returns (opportunity cost) for less than 20%. Despite what intuitively seemed like a small spread between interest rates and therefore a no-brainer to put zero down, the ac...
by 2 Tasty
Thu Jul 14, 2016 8:24 am
Forum: Personal Consumer Issues
Topic: Are you going to shop on Prime Day?
Replies: 140
Views: 16036

Re: Are you going to shop on Prime Day?

I got an email about a $30 off $150 offer when using my Amazon Visa card on Prime Day. Today is Prime Day. I entered the promo code. No dice. "This offer has expired." Whole lotta nothin'. Don't do a "while supplies last" offer if you aren't going to prominently feature that sti...
by 2 Tasty
Tue Jul 12, 2016 10:54 pm
Forum: Personal Consumer Issues
Topic: Are you going to shop on Prime Day?
Replies: 140
Views: 16036

Re: Are you going to shop on Prime Day?

Ended up buying a few items that I've been putting off for some time. Of notable occurrence was when the advertised $30 off promotion for spending at least $150 on Prime Day expired. This being at 7:30 MST. I am livid over the bait-and-switch tactics employed. But of course I still purchased the ite...
by 2 Tasty
Wed Jun 08, 2016 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: What does "Self Insure" mean?
Replies: 43
Views: 5007

Re: What does "Self Insure" mean?

As do I (with Phineas), dm. It's kind of a known unknown,and that's why I insure rather than "self...whatever." Lev The distinction between self-insured and uninsured (using the example of two individuals without life insurance): Person A has no assets, a stay-at-home wife, and five kids....
by 2 Tasty
Tue Jun 07, 2016 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: What does "Self Insure" mean?
Replies: 43
Views: 5007

Re: What does "Self Insure" mean?

Since we are getting into semantics, let's reference a dictionary for the definition of "insurance". Merriam-Webster lists four definitions, the first three dealing with contractual insurance, but the fourth stating simply, "a means of guaranteeing protection or safety". I think ...
by 2 Tasty
Sat Jun 04, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 76
Views: 11558

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I'm surprised the ability to self-insure wasn't mentioned. Little difference from not buying, say, life insurance, once one's wealth exceeds the level required to provide for the family after the loss.
by 2 Tasty
Mon May 23, 2016 9:56 pm
Forum: Personal Consumer Issues
Topic: Bikes
Replies: 70
Views: 4688

Re: Bikes

I own a Downtube Foldy which I use to ride to my van ride meetup spot and throw in the back of the van. Unless there is a specific, regular need to fold the bike, i don't recommend getting one, as it compromises in many respects: Compared to my road bike, it is slower, less stable, and despite havin...
by 2 Tasty
Mon May 23, 2016 4:57 pm
Forum: Personal Consumer Issues
Topic: Bikes
Replies: 70
Views: 4688

Re: Bikes

I know where it puts me on the bike-spending spectrum, but I don't regret the ~$200 spent on the Nashbar road bike: http://www.nashbar.com/bikes/Product_10053_10052_552047_-1___204687 I've had the bike for maybe three years now, and no issues whatsoever other than occasionally tuning the brakes and ...
by 2 Tasty
Sat May 21, 2016 7:26 am
Forum: Personal Consumer Issues
Topic: Vanguard University
Replies: 5
Views: 1372

Re: Vanguard University

And then of course there's Bogle Vineyards for when a good terroir is in order. (Guess I need to figure out how to add a picture now.)
by 2 Tasty
Wed Mar 16, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: Where to retire in Florida?
Replies: 153
Views: 24012

Re: Where to retire in Florida?

Summers here are BRUTAL and don't expect to be walking any distance during mid-day in July. The reality is you go from air-conditioned home to air-conditioned car to air-conditioned destination from May to late September. Before May and after September is when the best weather is, like the weather ...
by 2 Tasty
Tue Mar 15, 2016 9:40 am
Forum: Personal Consumer Issues
Topic: LASIK surgery
Replies: 23
Views: 2871

Re: LASIK surgery

Money well spent. Glasses were always a pain, and I couldn't wear contacts after moving out west (I assume it was the dry weather). After LASIK, crystal clear vision without a second thought. However, I am still a little weary about potential long-term effects, and if I could go back in time I may h...
by 2 Tasty
Tue Mar 01, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 27 year old newbie. How to handle $190,000 "windfall"?
Replies: 28
Views: 5180

Re: 27 year old newbie. How to handle $190,000 "windfall"?

Agree with most of the advice here. In addition: Not sure if you were planning a big TSP dump, but I recommend setting the TSP up for equal contributions so that it maxes out on the last paycheck of the year (otherwise the government will not match the last 4% each paycheck); make sure each December...
by 2 Tasty
Thu Feb 18, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: Google Sheets vs Excel for spreadsheets
Replies: 33
Views: 3184

Re: Google Sheets vs Excel for spreadsheets

I agree with most of the commenters concerning Sheets being appropriate for most of the basic stuff. That being said, one area where I am disappointed with Google Sheets is the lack of additional security beyond your Google password. There are several sensitive sheets where my kids could obtain acce...
by 2 Tasty
Tue Feb 02, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate your savings rate? Making sense of all the numbers.
Replies: 7
Views: 1493

Re: How to calculate your savings rate? Making sense of all the numbers.

What's your objective for calculating savings rate? If you are trying to calculate the number of years until financial independence (a common reason for knowing savings rate), keep in mind that all of the calculators are simply estimators, as they assume constant growth (in both assets and income) a...
by 2 Tasty
Tue Jan 26, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: Is Nitrogen better than air?
Replies: 86
Views: 11361

Re: Is Nitrogen better than air?

Agree with everyone on the inanity of using nitrogen for car tires. On a related note, how one compresses the air into the tires makes more of a difference to moisture content than the nitrogen/air debate (or so I've read). The theory goes that tankless compressors allow all of the water vapor in th...
by 2 Tasty
Mon Jan 25, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 7554

Re: Did the bears eat my retirement? - Sequence of Returns Risk

Surfstar, bigred77, and HomerJ hit the nail on the head: If you haven't already, you should determine your expected withdrawal rate in retirement (annual expenses divided by savings in 50/50 stocks/bonds). If you're less than 4% expected withdrawal rate you should be sitting pretty (95% chance of su...
by 2 Tasty
Tue Jan 19, 2016 10:16 am
Forum: Personal Consumer Issues
Topic: Filled up brand new minivan with DIESEL?? We don't think so. Next steps, need input ASAP
Replies: 113
Views: 12825

Re: Filled up brand new minivan with DIESEL?? We don't think so. Next steps, need input ASAP

Reading through the thread, I haven't seen it noted why the mechanic concluded that the wrong type of fuel was added. The probability of this being correct (especially with you having determined that diesel is not available at the gas station you went to) is exceptionally low, enough so to discount ...
by 2 Tasty
Fri Jan 15, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my bride's student loans
Replies: 72
Views: 6195

Re: Paying off my bride's student loans

Lots of good suggestions here. One I'd like to add (though probably not appropriate for the big earners): I'm not sure if you are familiar with upromise.com by sallie mae (no affiliation), but they will put roughly 5% from (mostly online) credit card purchases toward education expenses. Whereas this...
by 2 Tasty
Sun Jan 03, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Reversion to Mean vs Gambler's Fallacy
Replies: 65
Views: 5698

Re: Reversion to Mean vs Gambler's Fallacy

If a coin flips heads 9 out of 10 times it's reasonable to have a suspicion that it is not. 10 coin flips is far too few to have suspicions about anything. There's about a 1% chance of getting 9 heads, 2% of getting 9 heads or 9 tails, with a fair coin. So this is 98% suspicious. A good many decisi...
by 2 Tasty
Sun Jan 03, 2016 1:16 pm
Forum: Investing - Theory, News & General
Topic: Reversion to Mean vs Gambler's Fallacy
Replies: 65
Views: 5698

Re: Reversion to Mean vs Gambler's Fallacy

If a coin flips heads 9 out of 10 times it's reasonable to have a suspicion that it is not. 10 coin flips is far too few to have suspicions about anything. There's about a 1% chance of getting 9 heads, 2% of getting 9 heads or 9 tails, with a fair coin. So this is 98% suspicious. A good many decisi...
by 2 Tasty
Fri Nov 20, 2015 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 3
Views: 508

Re: Inherited IRA

Thanks Watty! I should have mentioned my MIL is retired and financially sound, therefore I don't think she will need to pull any more out of the IRA than required. You also bring up a good point: Any complications related to an inherited-inherited IRA? (Not the current situation, but supposing for t...
by 2 Tasty
Fri Nov 20, 2015 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 3
Views: 508

Inherited IRA

Hello Bogleheads, My wife's sister, who was 33 (and unmarried), just passed away. She designated her mother as the beneficiary for her 401k, who is 65 years old. I've done some general interweb searches on this topic, and the advice seems to be all over the place as to what can or should be done wit...
by 2 Tasty
Tue Aug 11, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 107
Views: 20415

Re: Am I crazy? Quitting my job.

To reaffirm what you probably already know: In my book, you are not crazy. Life isn't about reaching some number in your bank account. You are 28 years old, presumably well-educated, and have enough assets in the bank to cover half of your presumed $60k needed for expenses. You shouldn't have a prob...
by 2 Tasty
Sat Aug 01, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I go federal government at age 40?
Replies: 15
Views: 2871

Re: Should I go federal government at age 40?

From personal experience, I don't recommend going that route unless you are unhappy with your current position. The federal government will offer much less pay, much less satisfaction, and much less opportunity to transfer out if you realize that planning 20 years into the future is an awfully long ...
by 2 Tasty
Thu Jul 30, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 6518

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

If you feel the company is well run, here's what I would do: Pick the tax bracket you feel comfortable giving up out of your paycheck to Uncle Sam that gets you out of the position as quickly as possible (and avoiding all other ancillary taxes), and cash out just enough of your stock to fall right b...
by 2 Tasty
Wed Jul 29, 2015 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 6518

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

Effective tax rate is simply total taxes paid divided by total income, presented as a percent. So for your row "Sell in ten years", your effective tax rate is 12.8% (=sum(G11:I11)/F11), whereas for "Sell in one year" your effective tax rate is 20.3%. Again, to compare apples to a...
by 2 Tasty
Tue Jul 28, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 6518

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

First off, congratulations on your windfall!! And great thread! Enough so to finally get me to register. I'm going to be a bit contrarian to some of the other bogleheads here. The answer to your question comes to how well you handle risk. All bogleheads accept some level of risk in their investment ...

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