Search found 3259 matches

by Ged
Sun Dec 17, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 57
Views: 1546

Re: New job offer - background check

You are right to be concerned. Many time limits on reporting convictions do not apply if the job salary is greater than some annual salary limit. The Federal rate is $75K.

Hopefully your good record since will assuage your prospective new employer.
by Ged
Fri Dec 15, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 2316

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

I've been retired for 5 years now. Non-discretionary spending has been very close to estimates. We've spent more on discretionary items (travel and home remodeling) than I expected, but mostly that's due to a wealth effect from the stock market sequence of returns being better than expected. Since m...
by Ged
Mon Dec 11, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6157

Re: Snow Tires? Worth it?

They are well worth it if you are going to drive more than a few times a year on snow covered roads. I used to live in a fairly rural place which got a lot of snow. They often made the difference between my getting home and not.
by Ged
Sat Dec 09, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: Why Are So Many Companies Announcing Share Buyback?
Replies: 32
Views: 2915

Re: Why Are So Many Companies Announcing Share Buyback?

1. A lot of the borrowing by corporations for acquisitions and buy backs these days has been secured by accumulated off shore financial assets. Repatriation will reduce the costs of these activities. 2. It is a fundamental duty of corporate officers to manage the corporation for the benefit of its s...
by Ged
Sat Dec 09, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: DAF - when is it right to do?
Replies: 17
Views: 1311

Re: DAF - when is it right to do?

Timing seems to be a matter of convenience. I did mine just before I retired to lump several years of donations into a high income year to obtain maximum tax advantage. You could do it for other reasons too. I really liked the simplification of record keeping I got with a DAF. As far as amounts, mos...
by Ged
Sat Dec 09, 2017 12:15 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 173
Views: 12546

Re: Save all this money, what do you splurge on?

Since I retired the main splurge has been travel. It's much harder while you are working.
by Ged
Fri Dec 08, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2181

Re: Analyzing Expense Ratios

Additional factors to consider are how many years you’ll be with this employer and what the vesting schedule is for the employer match. If and when you switch jobs you can roll the 401k over into a low-cost IRA. It almost always pays to contribute enough to a 401k to get the full employer match. Th...
by Ged
Fri Dec 08, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 4109

Re: Does a Boglehead ever time the market?

As a beginner investor I am looking at investing in index funds. However the Shiller PE Ratio is 32, this is only the third time in history the stock market has been this overpriced (the other two times ended very badly). It would seem that a reversion to the mean is coming. You are a beginner. Whe...
by Ged
Wed Dec 06, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10892

Re: Do people still use AAA?

HIinvestor wrote:
Wed Dec 06, 2017 12:40 pm
We have AAA for ourselves and our adult kids.
Same here. The only downside is they regularly mail solicitations for insurance products.
by Ged
Tue Dec 05, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20302

Re: Prepayment of SALT Taxes? [State and Local]

I prepaid my real estate tax the year prior to my retirement as well as making a donation to the Fidelity DAF.

The strategy worked well on my federal taxes however NJ does not allow pulling forward real estate taxes and I eventually had to make an additional payment on my state taxes.
by Ged
Sun Dec 03, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9650

Re: Which crash have you seen it before it is coming?

How about the student loan bubble? The loans that are not being paid as originally agreed are in the hundreds of billions of dollars. Yes! Not sure what the fallout will be with this. But it is going to be bad. Oh heck, are student loans packaged up as securities for investors?? Yet? Total student ...
by Ged
Sat Dec 02, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9650

Re: Which crash have you seen it before it is coming?

It isn't hard to see a crash coming. Both the tech and housing crashes were the obvious result of clearly irrational financial activity. Are we at that point now?? I don't see the same craziness yet. The problem is how do you turn this foresight into profitable action? I was able to take advantage o...
by Ged
Fri Dec 01, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Are plasma TV's gone forever?
Replies: 36
Views: 4529

Re: Are plasma TV's gone forever?

I have two OLED TVs that I watch all the time, rather than my 72” LCD, whIcy seldom gets turned on. 55” and 65” OLEDs are, IMO, already affordable for people who value picture quality, but I just can’t get myself to pull the trigger on a 77” $10-15k TV. I have a nice 70" LCD. While I'd love to have...
by Ged
Wed Nov 29, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26132

Re: Why not take Social Security at 62

I am skeptical as to whether family history of longevity matters. The studies on that have shown a quite weak correlation. Personal health history is much more important. https://www.sharecare.com/health/longevity/how-parents-lifespan-affect-lifespan There are various claims that the SS benefit vs a...
by Ged
Tue Nov 28, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software recommendations?
Replies: 15
Views: 1008

Re: Tax Software recommendations?

I use TurboTax mostly because it integrates well with Fidelity where I have all of my investments.

As a premium customer at Fidelity I've been able to get it for free as well although it's the good integration that I'm most interested in.
by Ged
Wed Nov 22, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 45
Views: 3724

Re: Anyone had a POA rejected?

ResearchMed wrote:
Wed Nov 22, 2017 12:28 pm

So once again, a valid outside PoA form seems to be unacceptable (?), for 403b accounts, anyway.
That's ok with me because my experience with 403b accounts led me to the conclusion that the best way to handle them is to roll the money held in these accounts into a IRA as soon as possible.
by Ged
Tue Nov 21, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 45
Views: 3724

Re: Anyone had a POA rejected?

A shorter conversation would be "Anyone had a POA accepted ?" My experience is that banks & financial institutions don't accept any POA if it isn't on the bank's form unless there is some arm twisting by a lawyer. Major PITA. Edited to add: In the wonderful state of California. :annoyed I have had ...
by Ged
Thu Nov 16, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Virginia to New Jersey income tax
Replies: 20
Views: 2240

Re: Virginia to New Jersey income tax

Recent changes in NJ income and estate tax laws are a big help to many retirees in NJ. How much it will help you depends a LOT on your income level. In any case real estate tax is a serious downside. BTW I live in Freehold. There are potential long term issues with the growth of Lakewood, which is a...
by Ged
Thu Nov 16, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin: Significance of 12 transactions per second?
Replies: 28
Views: 3251

Re: Bitcoin: Significance of 12 transactions per second?

It did not exist prior to 2009. It has no inherent value. Where does such an asset fit into a plan we're supposed to follow for 30, 40 years? Nowhere. There are a lot of currencies that have no inherent value. The problems with bitcoin lie elsewhere. As a result I haven't purchased any bitcoins. Th...
by Ged
Sat Nov 11, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9908

Re: Retirees: I got this!!

I retired 5 years ago at 62. Delayed social security. At 70 when I start SS I doubt I will need to draw on savings any more. The strong market performance has led to no worries about my saving being depleted - in fact they have increased despite my spending. Also despite my spending I've also been r...
by Ged
Thu Nov 09, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2187

Re: What backup service to use?

I use Arq to back up my laptop and desktop data to a homebrew Linux NAS and to Amazon Drive.

I particularly like the minimalist footprint, versioning, the large variety of services supported and the per user license rather than per machine.
by Ged
Thu Nov 09, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: What do you do to keep your mind sharp?
Replies: 65
Views: 4970

Re: What do you do to keep your mind sharp?

Build custom computers for friends and family.
Work on personal (private) web site.
Play video games.
Gym 3x a week.
Putz around in wood shop in garage.
Read SciFi.
Argue politics in Disqus.
read & post here.
by Ged
Sun Nov 05, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: How to Label Plastic Boxes
Replies: 15
Views: 985

Re: How to Label Plastic Boxes

I use a Brother label maker that plugs into my computer. I've had labels on plastic totes in my garage for about 10 years now with no degradation or peeling. Similar to this...various models available: https://www.amazon.com/Brother-P-Touch-Connectable-Label-PT-P700/dp/B00DSYEB28/ref=sr_1_11?ie=UTF...
by Ged
Sun Nov 05, 2017 5:59 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 4092

Re: Did I earn an extra hour of interest last night?

Last night (or in the wee hours of this morning), the time crept forward to 2 a.m. 11/5/2017, then fell back to 1 a.m., then crept forward to 2 a.m. again. Thus calendar day 11/5/2017 contains 25 hours Nah you just paid back the loan of one hour's interest from March 12. Surprisingly it was interes...
by Ged
Thu Nov 02, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k
Replies: 22
Views: 2199

Re: Fidelity 401k

I agree with the other posters, except with a strong recommendation to go with Fidelity since you already have your 401k there. It makes it very easy then to see your overall portfolio with one sign-on. 40 years ago I became a Fidelity customer with my 401K. Over the years I've done exactly what yo...
by Ged
Wed Nov 01, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15486

Re: What was the main reason you retired?

1, 9 + negative changes to job environment made it likely I wasn't going to enjoy further employment.
by Ged
Wed Nov 01, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 3586

Re: Car battery?

My conclusion is that it's not the batteries have gotten worse but all the electronics in modern cars, especially the ones that drain the battery when the car is off. I used to get 7 years on a battery some 20 years ago. Now it's 4. These days I use a trickle charger fairly frequently in winter to k...
by Ged
Mon Oct 30, 2017 10:10 pm
Forum: Personal Consumer Issues
Topic: Fuel treatments for small engines
Replies: 32
Views: 2169

Re: Fuel treatments for small engines

One thing aware of is that Sta-Bil itself has a claimed shelf life of 2 years after opening. I expect it, much like modern gasoline itself is hydroscopic.
by Ged
Fri Oct 27, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11848

Re: Can one have too much money in tax-deferred

Schwab and a bunch of other sites have RMD calculators. Put in something like a 3% real return. For 1 million bucks, in year one your RMD is 38k and peaks at about 52k. That isn't a huge increase. And 3% real is pretty high for most people who should be holding a lot of bonds in there portfolio. If...
by Ged
Thu Oct 26, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11848

Re: Can one have too much money in tax-deferred

For taxable to win, you (or your heirs) would need to be paying higher taxes than you would have when funding the taxable account. If you have a large deferred account this is very likely because of RMDs. The cases I have seen suggest it is pretty rare for owner of the account to see much bracket c...
by Ged
Thu Oct 26, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11848

Re: Can one have too much money in tax-deferred

randomguy wrote:
Thu Oct 26, 2017 12:02 pm
For taxable to win, you (or your heirs) would need to be paying higher taxes than you would have when funding the taxable account.
If you have a large deferred account this is very likely because of RMDs.
by Ged
Thu Oct 26, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11848

Re: Can one have too much money in tax-deferred

I think so. Holding equities in taxable accounts that will end up passing to your heirs with a gross-up is a mechanism that allows tax-free treatment of the gains. Doing the same in a tax-deferred account doesn't provide anything as advantageous. The fact that the adviser was trying to sell you perm...
by Ged
Wed Oct 25, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3679

Re: Amazon kindle paperwhite

I have a Kindle Voyage that I use a lot especially while I travel. With Prime, the library and various bundle deals I don't have a problem getting inexpensive books. Also my house is overflowing with books (17 book cases) now anyway so I'd rather be selective about which physical books I buy.
by Ged
Sun Oct 22, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Shedding Trees
Replies: 24
Views: 1383

Re: Shedding Trees

My sympathies. I had 4 cottonwood trees in my yard when I purchased my house. I had them removed. Cottonwood trees are notoriously short lived and prone to falling in storms. I would be concerned that some time in the future these trees will fall over. Often these trees are planted by land developer...
by Ged
Sun Oct 22, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement (mostly TIAA) allocation questions with 20 year horizon and concern about upcoming market volatility
Replies: 19
Views: 1046

Re: Retirement (mostly TIAA) allocation questions with 20 year horizon and concern about upcoming market volatility

If I were in your position I would consider the pension to be a large bond and then invest the rest 80% in equities. The remaining 20% in fixed instruments would be held in order to provide for purchase of equities in market declines. The point about your particular psychology is well taken though. ...
by Ged
Sun Oct 22, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?
Replies: 20
Views: 1145

Re: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?

Do most of the Bogleheads do this? (consolidate at 5% or less) If not 5%, what percent? Why? Thoughts? I have done so, not at any particular percentage. The reason is to reduce complication in my tracking process (a fairly comprehensive spreadsheet) and to minimize the trading costs, potential for ...
by Ged
Fri Oct 20, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5904

Re: Is a crash coming soon?

Houe wrote:
Fri Oct 20, 2017 1:23 pm
What if the market is never this low/cheap again? There are lots of price levels the market has passed and will never see again.
It's the 2009 prices I don't expect to see again.
by Ged
Fri Oct 20, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5904

Re: Is a crash coming soon?

Sandtrap wrote:
Fri Oct 20, 2017 10:21 am
How much of a decline is a "significant" decline?
Thanks.
j
This is what the NBER says:

http://www.nber.org/cycles/jan08bcdc_memo.pdf

It seems to me that they are looking for places where the slope changes sign, rather than peak to trough distances.
by Ged
Fri Oct 20, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Best smartphone
Replies: 37
Views: 2851

Re: Best smartphone

an_asker wrote:
Fri Oct 20, 2017 10:00 am
Ged wrote:
Fri Oct 20, 2017 9:34 am
[...]
I'm not kidding - when I glanced at your number of posts, I read 32GB ;-)
I probably would have thought the same thing!
by Ged
Fri Oct 20, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5904

Re: Is a crash coming soon?

Secondly, the longest period in US history without a big recession is 10 years. But in the 80s and 90s we saw a 18 year bull market. The unscientific part of your post rings true. There will always be bulls and bears talking about the market. Point of order, in 1987 on this day we had a slight dip ...
by Ged
Fri Oct 20, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: Best smartphone
Replies: 37
Views: 2851

Re: Best smartphone

So far, best for me has been Nexus 6p. Extremely reliable (I didn't experience that boot loop issue, knock on wood, as others have), decent battery life (at 1.5 years), fast, nice screen, no bloatware. Especially love the immediate Android updates direct from Google. And having an unlocked phone. R...
by Ged
Thu Oct 19, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Decline in Delivery Service?
Replies: 60
Views: 5123

Re: Amazon Prime - Decline in Delivery Service?

Prime subscriber, Central NJ Actually things have improved over the past year or so. There was a period when there was a decline in service when Amazon switched over to USPS from UPS, however the USPS at least in my area seems to have gotten it's ducks in a row in the past year or so and I get relia...
by Ged
Wed Oct 18, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 10126

Re: Anyone planning on getting the new Pixel phone?

MathWizard wrote:
Wed Oct 18, 2017 1:23 pm
My Nexus 5x is good enough, no need to pay for a Pixel.
That's my conclusion. Still getting updates for my 5x, so I'll be waiting this cycle out. Pixel 3 or bust!
by Ged
Tue Oct 17, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: Experience with "mini-monovision" cataract implants?
Replies: 16
Views: 1200

Re: Experience with "mini-monovision" cataract implants?

CULater wrote:
Tue Oct 17, 2017 6:18 pm

So you are OK with night vision / driving?
Yes, my night vision is fine, as is my driving.
by Ged
Tue Oct 17, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7759

Re: How many miles/years do you keep your car?

Since the year 1990 I have bought cars new and the family operates them for about 20 years. Occasionally late in life there will some sort of catastrophic failure of the car like a timing belt that ends the life of the car. On average the family doesn't drive a lot so these cars are generally around...
by Ged
Tue Oct 17, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Experience with "mini-monovision" cataract implants?
Replies: 16
Views: 1200

Re: Experience with "mini-monovision" cataract implants?

I have monovision cataract implants. They work very well for me. One thing though is that my natural eyesight was also a form of monovision! One eye was significantly worse at distance than the other, so one could say that I was born with monovision and this perhaps is why I adjusted to these implan...
by Ged
Tue Oct 17, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why not switch from Medigap F to G now?
Replies: 43
Views: 4048

Re: Why not switch from Medigap F to G now?

I have read of the changes coming to Medigap F. It seems the possible loss of younger Medicare beneficiaries enrolling in these plans has raised concerns that rates could rise as the pool of existing policy holders becomes older, sicker and more expensive to insure. It depends on how the insurance ...
by Ged
Tue Oct 17, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5486

Re: Best way to make some dollars on a 10 day vacation?

barnaclebob wrote:
Tue Oct 17, 2017 11:15 am
sign up for medical or psych experiments?
I hear Professor Venkman at Columbia is always looking for subjects.
by Ged
Mon Oct 16, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 36
Views: 2243

Re: Storing Lawn Tractor over the Winter

I put stabilizer in all the fuel that I use in my small engines. The problems ethanol causes are not a winter only thing. For storage of my lawn tractor over winter I charge the battery and make sure the air pressure in the tires is good. I installed a shutoff valve in my gas line which I close and ...