Search found 2360 matches

by MathWizard
Thu Jan 19, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 1632

Re: Would you switch investment advisor to save $3000+/yr?

Yes. My situation is similar to your father's except that I can't move my money yet as I am still employed with money in a 403b. I already moved IRA money to save $500/yr. Once I retire, I expect to move money from my 403b unless I can get a better ER than I currently have. I'm currently paying in t...
by MathWizard
Wed Jan 18, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 30
Views: 3335

Re: Biting the bullet and getting off the roof.

.... I would probably just make a PVC extension to my hose w/nozzle attached and use the drone for before and after. ... I did this. Shop Vac with a bag inside, and a long PVC pipe with two 90's on the end top form a "J". The long PVC pipe is plenty strong enough, but this does strain the...
by MathWizard
Mon Jan 16, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6148

Re: Cardinal Sin - went to cash the day before 2016 election

You didn't mention what you did in 2008/9 That seemed like a riskier situation than an election, even this one. Not quite. You can't assign risk to an event that already happened. The question is, what was the perceived risk at the time? In 2008 we didn't know there was going to be a market crash u...
by MathWizard
Mon Jan 16, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6148

Re: Cardinal Sin - went to cash the day before 2016 election

You didn't mention what you did in 2008/9 That seemed like a riskier situation than an election, even this one. Not quite. You can't assign risk to an event that already happened. The question is, what was the perceived risk at the time? In 2008 we didn't know there was going to be a market crash u...
by MathWizard
Sun Jan 15, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6148

Re: Cardinal Sin - went to cash the day before 2016 election

Were you 100% equities before? If not did you cash out your bond allocation as well? If the answer is that you held onto Bonds or were 100% equities, I'd suggest that you consider any gains that you missed out on education, on your risk tolerance, and get back in with a lower equity allocation. You ...
by MathWizard
Sat Jan 14, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 167
Views: 14905

Re: "Millennials may need to double how much they save for retirement"

Remember that the more you save, the less you ned to replace. In the extreme, if you saved 100%, you need to save zero, since you apparently can live on $0. In les than the extreme, saving in tax deferred allows you savings on taxes, so any extra would be lessened by the difference between current a...
by MathWizard
Sat Jan 14, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should people own 2 cars for themselves?
Replies: 21
Views: 2775

Re: Should people own 2 cars for themselves?

We have 3 vehicles. My son drives the van when he needs to get around, and we use to for hauling. We used to use it of vacations, when the kids were small. Having one extra vehicle does come in handy when one vehicle needs serving, but does cost extra. Renting when you need and extra car might be le...
by MathWizard
Thu Jan 12, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9152

Re: How much do you typically spend in a restaurant?

About $10 per person, not counting tip.

Beverage is water: If we drink alcohol at all, it's at home.

For a splurge, we might get up to $50 for the two of us on our anniversary.
by MathWizard
Wed Jan 11, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6045

Re: Where do you keep your emergency fund?

1st tier : 4 months in savings at local bank 2nd tier : 16 months in ROTH contribution at Vanguard (current account value is 40 months expenses) Local savings is low now because we just did lots of house maintenance and paid off the mortgage (all within 6 months), and my son is in his last year of a...
by MathWizard
Mon Jan 09, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: AT&T cell: way to avoid paying for spam texts?
Replies: 21
Views: 1343

Re: AT&T cell: way to avoid paying for spam texts?

Consider switching to Tracphone? I have them as my carrier and I don't get charged for texts below my card's minimum. Plus, if I were to get too many, they don't have a way to charge me for them anyhow. I suppose they stop the texts beyond what I pre-paid for. Not 100% sure. I got 1200 texts, 1200 ...
by MathWizard
Mon Jan 09, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: AT&T cell: way to avoid paying for spam texts?
Replies: 21
Views: 1343

Re: AT&T cell: way to avoid paying for spam texts?

Consider switching to Tracphone? I have them as my carrier and I don't get charged for texts below my card's minimum. Plus, if I were to get too many, they don't have a way to charge me for them anyhow. I suppose they stop the texts beyond what I pre-paid for. Not 100% sure. I got 1200 texts, 1200 ...
by MathWizard
Mon Jan 09, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 57
Views: 3656

Re: Alaska cruise - Help me convince my family

Aren't there other places that everyone would like to go? There are lots of places to see in the world,
or even in the continental US. You can't have seen them all.

I don't get to go on lots of vacations, and would not be happy with an
Alaskan vacation.
by MathWizard
Mon Jan 09, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4038

Re: Predicting future Net Worth

If you are near retirement, and the bulk of your networth is invested (not in a can in the backyard)
You should expect compounded returns, so exponential would be more correct than linear.

There are several calculators out there (firecalc for example) which may be better than
making your own.
by MathWizard
Mon Jan 09, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Car purchase: Strategy for a car driven occasionally
Replies: 34
Views: 1899

Re: Car purchase: Strategy for a car driven occasionally

Cars wear out both from high mileage and from age. Newer used cars cost more, as do low mileage cars. If you are going to keep the car a long time, you want it newer, so the only way to get it cheaper is to buy one with high miles. Highway miles are easier than in-town miles so if you go used, I'd g...
by MathWizard
Sun Jan 08, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Gas Water Heater vs Electric Tankless
Replies: 26
Views: 1774

Re: Gas Water Heater vs Electric Tankless

I looked at it, and electric was much more expensive to run. In addition, the rate of flow was less because gas heat can heat up water faster. A concern was that the gas lines into my house would not provide enough flow for the the on-demand nat. gas water heater, and would need to be upgraded. I ju...
by MathWizard
Fri Jan 06, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5312

Re: What monetary value has your education provided you?

By your calculation, about 40x so far.

Of course, tuition inflation was huge in the 80's.
by MathWizard
Fri Jan 06, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Tell me all about snowblowers
Replies: 42
Views: 2431

Re: Tell me all about snowblowers

I've had a 2 stage, electric start for year. My wife won't use it, as it takes to much effort to move around. It will steer easily if I only have a single wheel move, but it gets stuck very easily. So I lock the axles, then have to heave the thing around. This also leave about 1/8 inch of snow on th...
by MathWizard
Fri Jan 06, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Global debt is 325% of GDP
Replies: 15
Views: 1223

Re: Global debt is 325% of GDP

See the following Reuters article: http://uk.reuters.com/article/us-global-debt-iif-idUKKBN14O1PQ I have heard it starts to be a problem once debt gets over 100% of GDP. Is it possible that the whole world could have a Japan-like scenario? No. At least not if you mean default. Unless there is a 193...
by MathWizard
Fri Jan 06, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need life insurance?
Replies: 18
Views: 1141

Re: Do we need life insurance?

What about your other expenses? If one of you were to die, would the other be able to pay all household expenses for the rest of their life without working? yes This was what got us. If we both died, I had enough ins through work to handle the kids through age 22., but not if just I died. Kudos to ...
by MathWizard
Thu Jan 05, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 153
Views: 28298

Re: "Why 97% of People Don't Use 529 College Savings Plans."

General question- If you want to pay for your kids' college, and your first kid will be in college before you are old enough to take penalty-free retirement distributions, how will you pay for it? Do you just plan to cash flow it out of taxable accounts? What if you don't have enough in taxable acc...
by MathWizard
Wed Jan 04, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 5048

Re: Investing in a Masters and Ph.D?

I would not pursue this, for two reasons. 1) Financially it would not make sense. 2) If you had really wanted this, you would have done it much earlier If it bothers you, realize that not everyone goes to college. The number of people with a 4 year college degree is just over 30%. Only about 1/10th ...
by MathWizard
Tue Jan 03, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Do you model where you *should* be? And if so *how*?
Replies: 8
Views: 1063

Re: Do you model where you *should* be? And if so *how*?

Yes, I estimate this, and run a simulation on what the sustainable withdrawals would be for a fixed (real) income after taxes and health care costs. Both the latter are expenses which will vary in retirement, and the health care costs are mostly borne by my employer now, so I exclude them form the c...
by MathWizard
Tue Jan 03, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10050

Re: Max It Out Tomorrow

I won't be putting in my 2016 contribution until I am figuring my 2016 taxes.
by MathWizard
Tue Jan 03, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27067

Re: Whats your number to walk away?

About $1.5 Million today. $1.25 Million minimum in today's dollars, expect to hit this in 3-4 years, somewhat more now. I haven't figured it, but probably about 1.5 Million today. Not going to happen, as I don't play the lottery, and have no rich uncles, so no sense figuring it. Many assumptions ; p...
by MathWizard
Wed Dec 28, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 6902

Re: Monthly Expenses in line or too much

We spend about $52K per year. I'm not counting mortgage, vacation, or college expenses for my son, but am counting property and sales taxes, house, auto, and life insurance, medical copays, car replacement fund. We live in a MCOL area. In retirement, we should be able to get rid of term life, and wo...
by MathWizard
Wed Dec 28, 2016 10:31 am
Forum: Personal Consumer Issues
Topic: TV in the bedroom?
Replies: 82
Views: 5053

Re: TV in the bedroom?

I would never consider a TV in the bedroom unless one of us was bedridden.
by MathWizard
Tue Dec 27, 2016 10:14 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads and stocks picking
Replies: 26
Views: 2003

Re: Bogleheads and stocks picking

I know how to play (American) football, linebacker specifically. I would never try to play against pros, the first time I tangled with a tight-end blocked, I would end up with broken bones. For me, the same analogy applies to stock picking, I'd be going against pros who do this all the time, an have...
by MathWizard
Tue Dec 27, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement?
Replies: 32
Views: 2868

Re: How do you plan for retirement?

I estimate what my expenses will be in retirement. Then estimate what income streams I will have (retiring at various ages) (I estimate only 75% of SS estimate to be conservative.) Estimate what I will have to pay in taxes on those expenses (most of my retirement money is tax deferred.) Estimate ave...
by MathWizard
Mon Dec 26, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: Is it possible to get a used book exchange going here?
Replies: 9
Views: 948

Re: Is it possible to get a used book exchange going here?

Plenty of other resources out there.

We use our local library.
by MathWizard
Mon Dec 26, 2016 10:22 pm
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8122

Re: Remember what it was like before the recession?

Before the crash, my wife and I knew housing was overpriced. Given that we had a house, and did not plan to sell it anytime soon, we did not see how this affected us. Boy were we mistaken, Mortgage backed securities, with tranches, with high leverage, with credit default swaps were things we had nev...
by MathWizard
Mon Dec 26, 2016 8:16 pm
Forum: Personal Consumer Issues
Topic: Mifi / Hotspot Alternatives?
Replies: 16
Views: 2026

Re: Mifi / Hotspot Alternatives?

Goggle Fi with a Nexus 5x works fine as a hot spot.
$10/Gbyte for data, only if you use it. $20 + fees per month for unlimited talk+text.

The phone was $250 with 32 Gbytes if memory ($200 with 16GBytes)
by MathWizard
Mon Dec 26, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 4560

Re: Is it possible to graduate from college in 3 years?

In Engineering, it is difficult due to pre-reqs. The programs are laid out for 4 years, and have a sequence of courses that you must take in the right order. The person to ask is an advisor at the school, in the major in which you or your child is going. The AP courses give you credit, but typically...
by MathWizard
Mon Dec 26, 2016 2:38 pm
Forum: Personal Consumer Issues
Topic: Analyzing schools for an advanced child
Replies: 65
Views: 3957

Re: Analyzing schools for an advanced child

Maybe I was crazy, but part of my decision on where to work and live was based on the schools. It has the reputation as the best public school systems in on of the top rated states on the basis of average college entrance exams. The system is not perfect, but is far superior to the one I went to. We...
by MathWizard
Fri Dec 23, 2016 9:34 pm
Forum: Personal Consumer Issues
Topic: Should I Buy an IPhone 5S?
Replies: 36
Views: 3081

Re: Should I Buy an IPhone 5S?

I just bought 2 of them. 1 for my wife, 1 for me. $200 at Target brand-new.

They likely will not run the latest IOS after 6 years. My iPod Touch is 6 years old now, and does
not run the latest IOS.
by MathWizard
Thu Dec 22, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: Three Season Flooring Choices
Replies: 3
Views: 451

Re: Three Season Flooring Choices

For my 3 season porch, I used 3/4" Adventech Tongue and Groove subfloor. (From Lowes.) It appears to have some kind of resin or glue embedded throughout it. It was somewhat hard to cut, and very heavy, but you could immerse it in water for days and not harm it. There are special market position...
by MathWizard
Tue Dec 20, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: "Trump Rally" with any basis or doomed to come down to earth soon?
Replies: 16
Views: 1474

Re: "Trump Rally" with any basis or doomed to come down to earth soon?

I see no fundamentals to support the current rise in the DJIA. You are speculating by saying it is a "Trump Rally". It may be a "Thank god the election is over rally" It may be "The holidays are here, lets buy stocks rally" It could be "The Fed raised rates and the...
by MathWizard
Mon Dec 19, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund -part of assets or separate.
Replies: 15
Views: 1279

Re: Emergency Fund -part of assets or separate.

I don't count my first tier EF as part of my portfolio. I do consider my 2nd tier EF , which is in my ROTH, as part of my portfolio. My reasoning is that I will very likely never need my 2nd tier EF, so I invest it as though it were for retirement. I'm currently at a low point in my shorty-term liqu...
by MathWizard
Mon Dec 19, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4844

Re: Concept of Bogleheads needing to "Save more"

You may have missed some of the threads with the admonition of: "Don't be the richest guy in the graveyard." I'll admit that there are plenty more of the "save more" type or the "3% is too high a Withdrawal rate", but I think that is a focus on the low returns in the fi...
by MathWizard
Mon Dec 19, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 7992

Re: My "sleep well at night" number seems to be changing

I sounds like you should lower your equity ratio. If you are having problems when stocks are at an all-time high, what would happen if it drops 25%. Would you sell then? This is not market timing. What has changed is your ability to take risk. When that changes, it is reasonable to change AA.
by MathWizard
Sun Dec 18, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Please critique my plan to move to AT&T Tracfone
Replies: 8
Views: 945

Re: Please critique my plan to move to AT&T Tracfone

Target has the iPhone 5s for tracfone for $200. It works great (we just switched 2 months ago.) It uses either the ATT or Verizon. I prefer Verizon for its better coverage, so you'd get coverage at least as good as ATT coverage. Other iPhones on tracfone use different networks. Look at: http://www.p...
by MathWizard
Sun Dec 18, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Winter car safety kit?
Replies: 46
Views: 2480

Re: Winter car safety kit?

I have some of what you have, but if my emergency got much bigger it would never make it in the trunk. Blanket, tow rope, jumper cables (sometimes the portable jumpstarter) air compressor first aid kit. The cell phone is much more important. I also have a Buick with Onstar, but I have not yet activa...
by MathWizard
Sun Dec 18, 2016 11:16 am
Forum: Personal Consumer Issues
Topic: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)
Replies: 136
Views: 7240

Re: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)

It's simple physics, all wheel drive is better than two wheel drive. Where the two wheel drive comes from, front or back, is immaterial. Most two wheel drives are limited slip, which is not great for gripping either. -- Tet I agree that AWD is better than two wheel drive for acceleration all else b...
by MathWizard
Thu Dec 15, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: Warning: BH may be hazardous to your financial health
Replies: 63
Views: 9835

Re: Warning: BH may be hazardous to your financial health

Start reading the "How cheap can you be threads."
by MathWizard
Thu Dec 15, 2016 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: anyone else moving into bond funds
Replies: 30
Views: 3398

Re: anyone else moving into bond funds

After years of nearly 100% stock, I've finally reallocated to include some more bonds, as I get closer to retirement.
I'm going really conservative: (80/20) :)

My wife and I have talked about this for some time. Now just seemed to be a good time.
by MathWizard
Thu Dec 15, 2016 6:05 pm
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 6218

Re: "Twenty Ways To Tell If You're A Lousy Investor"

Guilty of first and half of second. 1) I don't wash the car very often, and carefully monitor portfolio, though I rarely make changes that are not rebalancing, or are due to life circumstances (getting older & decreasing equity %) 2) I find making money with a passive portfolio very exciting, bu...
by MathWizard
Thu Dec 15, 2016 5:53 pm
Forum: Personal Consumer Issues
Topic: Warm winter jacket for tall folks who are cheap?
Replies: 32
Views: 2352

Re: Warm winter jacket for tall folks who are cheap?

I use carharts when doing things for when I need something tough (crawling around, getting dirty).
I use ski clothes for keeping warm when they won't get damaged.
by MathWizard
Sun Dec 11, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth in retirement
Replies: 5
Views: 741

Re: Starting a Roth in retirement

The 5 year rule is for tax years.

If possible, covert a small amount before Dec 31, 2016 and you get to count as if you made the conversion on Jan 1, 2016
by MathWizard
Sat Dec 10, 2016 10:34 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 241
Views: 8818

Re: Explain why Rebalancing isn't Market Timing?

More seriously, the OP stated somewhere along the line that he should have asked whether rebalancing based on AA with bands hurts returns. I think that I remember seeing something about infrequent rebalancing being better (historically) than frequent rebalancing even ignoring trading costs, but I d...
by MathWizard
Sat Dec 10, 2016 10:28 pm
Forum: Investing - Theory, News & General
Topic: How do you "value" your portfolio for SWR?
Replies: 35
Views: 2451

Re: How do you "value" your portfolio for SWR?

In deciding whether I have enough, I use the 4% rule of thumb, however, I adjust the value of my equities down if the current PE ratio exceeds 16. Right now, the S&P is at about 20, so I estimate the value at about 16/20ths of its current valuation. My reasoning is that I believe in a return tom...
by MathWizard
Fri Dec 09, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 241
Views: 8818

Re: Explain why Rebalancing isn't Market Timing?

Based on this thesis (which is not time variant), I invested in a passive world/ global capitalized stocks only portfolio and have done precisely the same come rain or shine in this time frame. The investment philosophy requires no market timing or rebalancing or any such active strategies. Simply ...

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