Search found 2453 matches

by MathWizard
Mon May 22, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Replace timing chain based on miles or years? [ignore]
Replies: 18
Views: 1168

Re: Replace timing chain based on miles or years?

I did have a timing chain go and ruin an engine, but it is rare. I would go by the miles. That is where the wear comes from. The book just assumed an average of 15K miles per year. Parts which are exposed to the elements (like the body or the tires) are more likely to need replacement based on time...
by MathWizard
Mon May 22, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 51
Views: 3287

Re: How to Invest Church Money

CDs are a wise choice. You may want to see if your denomination has its own investment structure already in place. That may take some of the pressure of you as an elder. Our denomination has one. It has steady returns, but only slightly better than a CD. Likely this is due to being very heavy on top...
by MathWizard
Mon May 22, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Replace timing chain based on miles or years? [ignore]
Replies: 18
Views: 1168

Re: Replace timing chain based on miles or years?

I did have a timing chain go and ruin an engine, but it is rare. I would go by the miles. That is where the wear comes from. The book just assumed an average of 15K miles per year. Parts which are exposed to the elements (like the body or the tires) are more likely to need replacement based on time.
by MathWizard
Thu May 18, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: garage door problem
Replies: 25
Views: 1408

Re: garage door problem

If you don't have a friend/family member who can take you, try Enterprise rent-a-car.
I believe that they will bring the car to you.
by MathWizard
Thu May 18, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7044

Re: How Old Habits Can Sabotage Retirement

I'm not too worried about this. Now that we have the house paid off and the last child through college, I'm trying to get my income after taxes+savings to match my expected retirement income after taxes+health costs Increasing savings means not only do I have a bigger pile, but I have also lowered m...
by MathWizard
Thu May 18, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Tire Puncture - plug from outside or patch and plug from inside
Replies: 31
Views: 1570

Re: Tire Puncture - plug from outside or patch and plug from inside

I don't use plugs or patches on tubeless tires. I just buy a new one. I have patched on the inside and installed a tube, but that was 40 years ago. I've worked on cars a lot, and plugs are one of the few things that I do not do. Replacing tires is a fairly low expense for me, so it is not worth the...
by MathWizard
Thu May 18, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Tire Puncture - plug from outside or patch and plug from inside
Replies: 31
Views: 1570

Re: Tire Puncture - plug from outside or patch and plug from inside

I don't use plugs or patches on tubeless tires. I just buy a new one. I have patched on the inside and installed a tube, but that was 40 years ago. I've worked on cars a lot, and plugs are one of the few things that I do not do. Replacing tires is a fairly low expense for me, so it is not worth the ...
by MathWizard
Thu May 18, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: Do stocks always go up long term?
Replies: 56
Views: 4314

Re: Do stocks always go up long term?

I assume that you mean that there is a positive total return: dividends + stock appreciation (counting splits, buybacks, etc.) Then of course, they must, otherwise nobody would every buy them. You are buying a piece of a business. Would you buy a piece of a business if you assumed it would lose mone...
by MathWizard
Thu May 18, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12191

Re: For those with $500k-$1m in investments...

1.5% in taxable. First Tier EF.
by MathWizard
Wed May 17, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3975

Re: Delay SS, but claim if market plunges

I am planning on delaying SS to 70 for longevity insurance for myself or my spouse. This means that I will be depleting my portfolio faster initially. Since the biggest threat to a portfolio is a bad sequence of returns early on in retirement, my delaying SS to 70 would exacerbate such a bad sequen...
by MathWizard
Wed May 17, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park Emergency Fund in Roth IRA
Replies: 6
Views: 522

Re: Where to park Emergency Fund in Roth IRA

I know some people who use ROTH IRA CD's at their bank.
Clearly for just principal, and ignoring inflation, nothing is safer than FDIC insured.

I have considered this for just for not wasting the ROTH space, but have not done so.
by MathWizard
Wed May 17, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3975

Re: Delay SS, but claim if market plunges

Thanks guys. This has been bouncing around my head for a while, and many variables over which I have little control. This isn't about worrying about a too aggressive AA, it is about dealing with the "poor returns early on" issue. Going all bond is sub-optimal, so we all should have some eq...
by MathWizard
Tue May 16, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3975

Delay SS, but claim if market plunges

I am planning on delaying SS to 70 for longevity insurance for myself or my spouse. This means that I will be depleting my portfolio faster initially. Since the biggest threat to a portfolio is a bad sequence of returns early on in retirement, my delaying SS to 70 would exacerbate such a bad sequenc...
by MathWizard
Tue May 16, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7259

Re: Article: "Our emergency fund is exactly $0.00"

The drag of a few thousand in a savings account on a 6 or 7 figure portfolio is minimal. When an EF is really needed is when you are just starting out, or you are digging yourself out of a hole and changing behaviors. When you are retired and hopefully have a large portfolio, the EF is really either...
by MathWizard
Tue May 16, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2390

Re: Retirees afraid to spend? (Bloomberg)

I looked at the website of the company that was mentioned, United Income. It was a more than a bit vague as to what they do but it reeked of annuity sales or something similar. In the article it said; Other studies have found affluent older Americans hoarding money. Last year, a study in the Journa...
by MathWizard
Fri May 12, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Price for brakes and rotors?
Replies: 73
Views: 2936

Re: Price for brakes and rotors?

I used to do my own, but quit sometime in my early 50's. My time is more valuable now and my back is not what it used to be. I get my brakes done at Midas. I think it was about $400 for 4 wheels with 2 leaking wheel cylinders replaced. I've only replaced rotors once, though I've sometimes have had t...
by MathWizard
Mon May 08, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2897

Re: Are we doing better now?

I would max your HSA first. Then at your tax bracket, max 401k before ROTH. I wouldn't be in a hurry to pay off either car note as long as you are not blowing the money since they are pretty cheap and inflation is rising. There are many strategies out there and differing opinions so do your researc...
by MathWizard
Mon May 08, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to start a scholarship?
Replies: 9
Views: 874

Re: How to start a scholarship?

I give to the scholarship fund of my alma-mater. If you give enough, they will set up a scholarship fund for a named scholarship. (People sometimes do that as a memorial.) The Univ. will take a % of the amount you gave and give it out in 1 or more scholarships each year. I have not done this, I just...
by MathWizard
Mon May 08, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Swing Set 2700.00??
Replies: 35
Views: 3102

Re: Swing Set 2700.00??

I purchased a kit about 20 years ago for about $500. It was treated wood, not cedar, two swings, ladder and a plastic slide. I picked it up and my wife and I assembled it. I recall that it was a lot more work than I expected. 20 years later, and cedar, and I'm not surprised at the cedar & delive...
by MathWizard
Mon May 08, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 5932

Re: Solid justification for including all stocks & NO bonds?

I would get in the market for a while. Maybe you already are. Get more of a feel for your risk tolerance first, then ratchet up. I started at 50/50, went to 80/20 then went 100% through 2 decades , dropping back to 80/20 just recently. I was less than 100% for the first 6 years. Part of this is what...
by MathWizard
Fri May 05, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Fairness in College Savings
Replies: 47
Views: 2895

Re: Fairness in College Savings

I set aside the same amount for each of my two boys. (Adjusted for inflation.) The second has a full tuition scholarship. He had said he wanted to go to grad school. I told him that if he used less than what his older brother used, that if he went to grad school, he could use the savings for grad sc...
by MathWizard
Thu May 04, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 41
Views: 2834

Re: Consumer Reports

I used to subscribe, and now use the library subscription, but I'm not sure
it is relevant anymore.

In my experience, manufacturer's have gotten wise, and anything that gets a poor rating just gets
re-branded quickly, so you never have a point of comparison.
by MathWizard
Tue May 02, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Great knife for slicing limes and raw potatoes
Replies: 56
Views: 3064

Re: Great knife for slicing limes and raw potatoes

My wife likes her Wusthof knives.

She likes the paring knife.

I prefer the chef's knife.
by MathWizard
Sun Apr 30, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7389

Re: Favorite Financial Indulgences

Nice vacation. London this year.
by MathWizard
Sun Apr 30, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard adviser - advice when not carrying a mortgage into retirement
Replies: 57
Views: 4451

Re: Vanguard adviser - advice when not carrying a mortgage into retirement

The 80% is a rule of thumb.

Much better is to estimate actual expenses.

Your ideas are better than the advisors.
by MathWizard
Sat Apr 29, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: So what's the theory behind this active vs Passive report
Replies: 15
Views: 1345

Re: So what's the theory behind this active vs Passive report

Before fees, active and passive for the general public ally available stock market must give the same result, on average. This is just plain arithmetic. The spread of results or that for any specific investor may be different, but in aggregate, they are both in the same market, so the average must b...
by MathWizard
Fri Apr 28, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Boglehead Ideas for College Graduation Gifts
Replies: 14
Views: 1141

Re: Boglehead Ideas for College Graduation Gifts

For someone not your child, just cash.

For my son, we are getting him a (used) car.
He'll need it for his new job.
by MathWizard
Wed Apr 26, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Shouldn't one's "number" be indexed to the current PE ratio?
Replies: 20
Views: 1506

Re: Shouldn't one's "number" be indexed to the current PE ratio?

As the market goes up I see more and more posts stating that someone has "reached their number". With current PE ratios it seems that everyone's number should be indexed to the current PE, or at least the equities portion of the portfolio should be adjusted by the current PE for the index...
by MathWizard
Mon Apr 24, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Best vacuum cleaner for pet hair?
Replies: 38
Views: 3027

Re: Best vacuum cleaner for pet hair?

We have a long haired dog in the house and about 6 months ago bought a Roomba. What an amazing difference. It is by no means perfect, but it will blow you away with the amount of hair it picks up daily . We still use our hoover upright once in a while for a deeper clean, but the Roomba has been gre...
by MathWizard
Sun Apr 23, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8113

Re: Helping adult children

My sister needed help, and got some from my mother though that was limited. I did not need the help. Fine with me. It was my mother's money, what right would I have to tell her how to use it? In your case, it appears that you are helping YOUR GRANDKIDS, not your one son. I'm sure you would do the sa...
by MathWizard
Wed Apr 19, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Considering buying a new cell phone- ideas?
Replies: 22
Views: 2486

Re: Considering buying a new cell phone- ideas?

Just curious.

Is it videos that are pushing you over 64GB or GPS maps?

My 16GB and 32 GB mobile devices are constraining only due to videos.

Maybe there is something else that chews up space.
by MathWizard
Mon Apr 17, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any Way to Further Reduce Taxes?
Replies: 14
Views: 1282

Re: Any Way to Further Reduce Taxes?

I think you have the most common. Not so common, but might work in your case: 1) You can bunch deductions (pay 2 years charitable and 2 years prop tax) in one year and itemize in that year and tale the standard deduction the next. (This only helps if the prop tax + charitable is what tales you above...
by MathWizard
Thu Apr 13, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Im new, Im reading "the Book". Question for my kids....
Replies: 27
Views: 2215

Re: Im new, Im reading "the Book". Question for my kids....

For your kids, investing in their intellectual capital is more important. Make sure that they have great earning potential. I taught them lots of things, logic, math, science, economics. My wife taught them cooking and music. We both taught them manners, responsibility, respect and caring for others...
by MathWizard
Wed Apr 12, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4060

Re: Will - what is complicated?

Use a lawyer. They can write 2 wills, (one for your wife, one for you) it so that it covers any other children you have, who will take care of the children, what if both of you die at the same time, ... all with the exact language that is needed in your state. Once you get a couple of well written w...
by MathWizard
Sat Apr 08, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit - General Questions
Replies: 18
Views: 1402

Re: American Opportunity Tax Credit - General Questions

I assume that the reason you cannot take the LLC is the MAGI limit. The tuition and fees deduction may help you there next year, when you won't be able to use the AOC (3 years full-time previously + this last year claiming AOC. The tuition and fees deduction expired on 12/31/2016. It was one of the...
by MathWizard
Sat Apr 08, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit - General Questions
Replies: 18
Views: 1402

Re: American Opportunity Tax Credit - General Questions

The catch might be that she has attended more than 4 years of school already. Was she full-time during those previous years? Fortunately, you can use the LifeTime Learning Credit. If you are spending $10K, then this credit is only $500 less than the AOC. Unfortunately, we're not eligible for the Li...
by MathWizard
Sat Apr 08, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Dream vacation spots?
Replies: 81
Views: 8368

Re: Dream vacation spots?

We thoroughly enjoyed the national parks (US) with our kids.

We are making the longer trips (Europe) now that we older and have money, but
while we are still you enough to enjoy the travel.
by MathWizard
Fri Apr 07, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: STEM & "coding" toys for little ones ?
Replies: 41
Views: 3350

Re: STEM & "coding" toys for little ones ?

Forget this. Go buy a big bag of Lego blocks. Not the fancy-schmancy premolded things they have now, I'm talkin' about the original rectangular interlocking Lego blocks that came in all sizes and colors. Give 'em the raw materials and let 'em turn their imaginations loose. Yes. Legos (or Duplos whi...
by MathWizard
Fri Apr 07, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Repair vs Replace car for someone just starting out
Replies: 23
Views: 1633

Re: Repair vs Replace car for someone just starting out

I'd get the Elantra, or something cheaper.

Your current car is at the point where it will likely start eating you up in repair costs, and you
want to get ahead of the curve.

Any school loan debt?
by MathWizard
Fri Apr 07, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit - General Questions
Replies: 18
Views: 1402

Re: American Opportunity Tax Credit - General Questions

The catch might be that she has attended more than 4 years of school already. Was she full-time during those previous years? The official IRS answer: (2) has not completed the first four years of post-secondary education as of the beginning of the taxable year She was full time during those previou...
by MathWizard
Thu Apr 06, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How many financial secrets?
Replies: 58
Views: 5692

Re: How many financial secrets?

Grt2bOutdoors wrote:Zero. Your either all-in or you're not. This isn't kindergarten.


Well said.
by MathWizard
Thu Apr 06, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 3506

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

My employer will pay out my accumulated vacation, but not my sick leave. Ditto. However, you continue to accumulate sick leave if you don't use it. This comes in handy for the few people who I know who have had a recurring illness late in their career, and were allowed to take months of accumulated...
by MathWizard
Tue Apr 04, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: How do you estimate future income needs?
Replies: 17
Views: 1138

Re: How do you estimate future income needs?

1) Figure how much you spent minus any big ticket items that you don't buy in a normal year. 2) Remove any expenses that will go away in retirement. (mortgage, college expenses, saving for retirement) but not property tax and house insurance. 3) Average out any non-yearly expenses (cars, house maint...
by MathWizard
Mon Apr 03, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Helping explain low cost indexing to friends
Replies: 19
Views: 1450

Re: Helping explain low cost indexing to friends

I always liked the Boglenauts Youtube video:
https://www.youtube.com/watch?v=A8bHEur97IE&t=11s

to explain the zero-sum nature of the market, and how advisors suck fees.
by MathWizard
Mon Apr 03, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks in ROTH?
Replies: 27
Views: 1745

Re: 100% stocks in ROTH?

We were about 100% equities (not counting first tier EF) until recently, due to getting nearer to retirement. We are now 80/20, but the bonds are in the tax-deferred, while the ROTHs remains 100% equities. My thought is that equities are likely to return more over a long period, and that I will be p...
by MathWizard
Sat Apr 01, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10857

Re: Saving 50% of salary; what does it really mean?

We're saving 1/3 of gross income in tax-deferred for retirement. This may go up when our sone graduates from college. We have no debt, having paid off the mortgage this year.

We are frugal, our newest car is a 2002, our home was built in 1968.
by MathWizard
Wed Mar 29, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: Advice for Used Car Buying
Replies: 26
Views: 2131

Re: Advice for Used Car Buying

I've bought lots of used cars.

When you've settled on a car, take down the VIN, and get a CarFax report for it.
Not a total guarantee, but it should help you avoid cars that have been in an accident
that you didn't know about.
by MathWizard
Wed Mar 29, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10171

Re: Not opting for 529... anyone else?

I used maxed ROTHs ($2K/person at the time) to save for college, but never used them (I cash-flowed instead). The advantage was that ROTHs could be used for retirement, and the contributions could also double as a 2nd tier emergency fund. (The double duty of the ROTH much more important when the kid...
by MathWizard
Thu Mar 23, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 4553

Re: How did you do your income taxes?

TurboTax Deluxe (State Income Taxes)
by MathWizard
Wed Mar 22, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 10079

Re: Anyone else taking less risk

Reduced from essentially 100% equities to 80/20 as I am nearing retirement. My spouse and I talked and she was wondering when we should start to switch to some bonds, so it seemed as good a time as ever to reduce equity risk. I like it when we are both on the same page. 80/20 is not that much differ...

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