Search found 2204 matches

by MathWizard
Sun Aug 28, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: Roth for Emergency Fund
Replies: 9
Views: 674

Re: Roth for Emergency Fund

patrick013 wrote:Haven't heard this mentioned very often.

Roth IRA Double Duty As Emergency and Retirement Account


Many people here use a multi-tiered EF.
by MathWizard
Thu Aug 25, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: should a student invest for retirement?
Replies: 13
Views: 997

Re: should a student invest for retirement?

The student has debt and money to invest?

I understand keeping an EF while still borrowing money, but if had money above an EF, I would use
it for schooling, not for investing. Maybe even go summers to get out faster and earn "the big bucks".
by MathWizard
Tue Aug 23, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3346

Re: Did you use Real Estate to build wealth?

No. I used the stock market.

Real Estate can be capital intensive, and there are property taxes and insurance costs.
I like buying into a business where there are people working to make the business profitable.

I think you only hear about the winners in the real estate market, not the losers.
by MathWizard
Tue Aug 23, 2016 4:28 pm
Forum: Personal Consumer Issues
Topic: cost to build a deck?
Replies: 10
Views: 953

Re: cost to build a deck?

I strongly recommend against using pressure treated wood, except for maybe the posts. Spend the money on cedar. Pressure treated wood tends to warp really badly. My wife and I just redid a 10 by 12 deck, a month ago. Materials ran around $1000, all cedar with some pressure treated joists underneath...
by MathWizard
Mon Aug 22, 2016 5:35 pm
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 3721

Re: Tips for a 1000 miles car trip with toddler and baby

Reading this thread is a real eye-opener. If it were just me (and possibly other adults) making this trip, I'd do it all in one day. At 70mph, that's 14 hours. Stop twice for gas and bathroom no more than 10 minutes each stop. A long day, sure, but definitely doable. Do kids really need to stop eve...
by MathWizard
Mon Aug 22, 2016 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 105
Views: 5762

Re: How do you view debt?

Debt is leverage, and amplifies risk, so I avoid it in general. I only use debt when there is something far more valuable that the debt can allow me to do. 1) Higher Education: I used debt to get myself a PhD, increasing my human capital greatly. 2) Car: In grad school, I was teaching and needed a m...
by MathWizard
Sun Aug 21, 2016 11:21 am
Forum: Personal Consumer Issues
Topic: How much do you spend on coffee/tea?
Replies: 58
Views: 2532

Re: How much do you spend on coffee/tea?

About $15-20 / month between my wife and I.
by MathWizard
Sat Aug 20, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1299

Re: Credit Card Fraud: How many times is 'normal'?

Never in 30 years, but I don't use a CC except for travel. Almost never use one at a restaurant.
by MathWizard
Thu Aug 18, 2016 10:30 pm
Forum: Forum Issues and Administration
Topic: Improving the Bogleheads forum
Replies: 86
Views: 5910

Re: Improving the Bogleheads forum

A more specific suggestion pertinent to investing would be more actionable. Unfortunately, most suggestions are "I liked this feature in another forum, use it here too" without regard to the amount of improvement vs. effort expended. I think that the wiki is underutilized by most posters, ...
by MathWizard
Thu Aug 18, 2016 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: What is 4 more years of work worth? (Retirement Question)
Replies: 38
Views: 3521

Re: What is 4 more years of work worth? (Retirement Question)

If he wants to keep working, he could retire to get the pension, then take jobs as a sub. teacher.
This won't increase his pension, but he gets the money from working.
by MathWizard
Wed Aug 17, 2016 9:59 am
Forum: Investing - Theory, News & General
Topic: Why are bonds taxed more than stocks?
Replies: 29
Views: 3411

Re: Why are bonds taxed more than stocks?

I've long given up on determining logical reasons for the tax code.

There are justifications, but what is done is what a majority of house and senate members
decided which did not get vetoed by the sitting president.

If you want to know, I'd ask your representatives in Congress.
by MathWizard
Mon Aug 15, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 7890

Re: FICO Scores: Which one do you get?

Chase now offers one for free. I forget which version of the card, since I now have several
different chase cards.
by MathWizard
Mon Aug 15, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth rollover as bridge loan -- is this possible?
Replies: 4
Views: 429

Re: Using Roth rollover as bridge loan -- is this possible?

I'd worry about getting caught on the 60 day window. You might be able to avoid that if the place you roll over to is into an IRA MM fund at your local bank, which you open before hand. How big a down-payment do you need? We could swing a 10% downpayment for anything we'd buy out of the first tier E...
by MathWizard
Sat Aug 13, 2016 4:35 pm
Forum: Personal Consumer Issues
Topic: Do you wash your car yourself, or have it done?
Replies: 96
Views: 5343

Re: Do you wash your car yourself, or have it done?

Is it bad to not wash your car? I have an 07' Accord and almost never wash it. It doesn't have any rust on it. At least none I can see :happy My kids occasionally wash it and I expect that's where all the little scratches have come from as I've seen the long brush being dragged across the driveway ...
by MathWizard
Sat Aug 13, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 9
Views: 687

Re: Spousal IRA question

First the easy part:

If you are not going to use the money in the next 2 years, the either IRA is clearly better than a taxable account.

JW gives a more concise argument of which to do (I'd use the ROTH conversion if you stay within the 15% bracket).
by MathWizard
Fri Aug 12, 2016 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Refinancing mortgage to 15-year vs. college savings
Replies: 22
Views: 1383

Re: Refinancing mortgage to 15-year vs. college savings

I would go for the 15 yr Fixed. The risk of higher interest rates is more than enough for me to say fixed. 12 years from now inflation will have made your mortgage payment look much smaller, and you will probably be talking about whether you should lay away money in a 529 versus paying off your house.
by MathWizard
Fri Aug 12, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 60
Views: 3051

Re: What does the BH community do with their pets when they travel?

IFRider wrote:Pet sitter. She comes over twice a day to feed and play with kitty.
Worth every penny.


2 cats

If our college age son is not home,
we hire younger kids of friends who have cats and their mom/dad brings them over every couple of days.

A good way to get kids started making their own money.
by MathWizard
Fri Aug 12, 2016 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Is your fund selection/picking criteria better than monkey throwing darts?
Replies: 10
Views: 534

Re: Is your fund selection/picking criteria better than monkey throwing darts?

I focus on well diversified fund, and low ER. I am biased towards the US market, because I understand the risks in that market. I cannot gauge the risks in international or emerging markets, so I have very little of them. (Currency risk, political risk, ...) My guess is that a monkey will not pick o...
by MathWizard
Fri Aug 12, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Are There Roth Conversion Transaction Limits?
Replies: 30
Views: 2004

Re: Are There Roth Conversion Transaction Limits?

Look at the following IRS doc: The limit does not apply if you do direct trustee to trustee transfers. I assume that is what you are doing in the Roth Conversion, so the limit does not apply. [url] https://www.irs.gov/retirement-plans/ira-one-rollover-per-year-rule[/url] I suspect that the reason fo...
by MathWizard
Thu Aug 11, 2016 5:56 pm
Forum: Personal Consumer Issues
Topic: How to address a college professor with a PhD (Dr. or Prof.)
Replies: 60
Views: 2737

Re: How to address a college professor with a PhD (Dr. or Prof.)

Generally you are safe with Dr. How should you know what their work title is unless you are told? I think of it the Dr. vs Prof. this way: The doctorate is a personal achievement. Professor is a work title. Unless you are an emeritus, you cease being a Professor when you retire, but you are still a ...
by MathWizard
Wed Aug 10, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: okay to leave deposit on vehicle?
Replies: 30
Views: 1797

Re: okay to leave deposit on vehicle?

Don't leave a deposit. I've only had one vehicle sold out from under me. Dealers have acres of cars. It's not like they only have a few cars for you to buy. The dealer is free to sell the car out from under you, but they have one fish hooked, why would they try to sell the same car to someone else a...
by MathWizard
Wed Aug 10, 2016 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary for young investors?
Replies: 58
Views: 3236

Re: Are bonds necessary for young investors?

1) I'd venture that 100% commission based income in the mid six figures and low risk of significant reduction in income typically do not go together. On the other hand, nobody's job is really secure. 2) Just because it is not necessary does not mean that it is not prudent. 3) No it is not necessary....
by MathWizard
Sat Aug 06, 2016 10:40 pm
Forum: Personal Consumer Issues
Topic: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?
Replies: 10
Views: 921

Re: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?

I'd be surprised if the issue is an IPv6 issue. Likely your ISP has you behind a NAT . I'm not a Windows guy, but four things I'd suggest 1) Check whether this a problem on another computer. If it is: 2) Run an internet speed test you can google that phrase and get several sites which will do this. ...
by MathWizard
Fri Aug 05, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with maxing out Roths. Advice?
Replies: 40
Views: 1962

Re: Struggling with maxing out Roths. Advice?

Thanks. I searched and saw many folks saying the same thing - "the Roth space is lost forever if not utilized." I totally get that, but is one or two years really the end of the world considering we're still doing pretty well saving in the 401ks? Honest question. While true, the amount of...
by MathWizard
Thu Aug 04, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 138
Views: 9384

Re: How does a Boglehead save for child's education?

I was panicking because my oldest was already 12 before I could start saving for college. (Paying off two sets of student loans aggressively + saving for a down payment took all spare funds.) If you can fill up 401K, ROTH and 529 completely, then you have nod decision to make, fillip taxable and sav...
by MathWizard
Thu Aug 04, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: Family Europe Trip
Replies: 31
Views: 2001

Re: Family Europe Trip

Buy a Rick Steve's book. Rip out or copy pages you want to take with you. Definitely wear a moneybelt under your clothes for most of your cash, all but one CC, and your passports. Keep just your day money, or what you are prepared to lose in your front pocket. The Paris metro is bad for pickpockets....
by MathWizard
Wed Aug 03, 2016 5:19 pm
Forum: Personal Consumer Issues
Topic: Community Solar [Should I buy a solar farm]
Replies: 13
Views: 841

Re: Community Solar [Should I buy a solar farm]

Large scale solar is not cost effective without government subsidies (largely because there is no practical large-scale storage, so there must be 100% power generation capacity for night hours). You will be betting that government policy doesn't change. I'm not suggesting OP do this, and you do nee...
by MathWizard
Wed Aug 03, 2016 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding a bump to the next tax bracket
Replies: 34
Views: 3167

Re: Avoiding a bump to the next tax bracket

If your wife is self-employed, and had a banner year, then she may want to move some business expenses that she wanted to make next year into this year. Farm equipment stores will happily open up at 11:00 pm on Dec 31 to sell a new tractor to a farmer who had huge bump in profits that year. I'm not ...
by MathWizard
Wed Aug 03, 2016 2:13 pm
Forum: Personal Consumer Issues
Topic: Community Solar [Should I buy a solar farm]
Replies: 13
Views: 841

Re: Community Solar [Should I buy a solar farm]

1) If solar was such a great investment, utilities would have blanketed the entire southwest US in them. If you want to do this for the environment that is one thing, but I'm not sure it makes sense financially. 2) Is the solar farm in MN? One, MN farmland is quite valuable versus desert land in the...
by MathWizard
Tue Aug 02, 2016 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 5976

Re: Is my IRA really an IOU to the IRS??

If you're married, and have minimal taxable earning from your taxable account, convert $20K from your TIRA to ROTH each year. The Stand. Deduction and 2 personal exemptions would mean that you would owe no tax on that. You might even want to fill up the 10% or 15% tax bracket depending on what your ...
by MathWizard
Tue Aug 02, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 6590

Re: has anyone wished they worked one or two more years

I could probably retire in 3 years, but I plan to at least work 5 more years. Maybe I'll wish I had those two years back, but the problem is that if the market goes south right after I retire, that would make retirement very stressful. This extra 2 years mean two more years of income and benefits pl...
by MathWizard
Mon Aug 01, 2016 3:57 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 6630

Re: Should I flip my neighbor's house to save the neighborhood?

Financially, the reason to do this is to preserve the value in your house.
You don't have to come out ahead in the deal, just not lose too much.
by MathWizard
Mon Aug 01, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: anyone own a stingray corvette? how do you like it?
Replies: 37
Views: 3003

Re: anyone own a stingray corvette? how do you like it?

... these may be cars for younger guys. ... Average age for a new Corvette buyer is 59. Base MSRP for a new Corvette is $55K + Not many 20-30 year olds with that kind of cash. I got rid of my two seater when my son entered our lives at 31. I'll be an empty nester next year at 59, and my wife would ...
by MathWizard
Mon Aug 01, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: What is a modest retirement (definition)?
Replies: 66
Views: 6321

Re: What is a modest retirement (definition)?

In my neck of the woods most singles live comfortably in retirement with around $40,000 net (after taxes) total income coming in from various sources. They have maybe $50,000 in savings if that. And of course they are debt free. I may have to move to your neck of the woods. I estimate health care a...
by MathWizard
Sun Jul 31, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is a modest retirement (definition)?
Replies: 66
Views: 6321

Re: What is a modest retirement (definition)?

In my neck of the woods most singles live comfortably in retirement with around $40,000 net (after taxes) total income coming in from various sources. They have maybe $50,000 in savings if that. And of course they are debt free. I may have to move to your neck of the woods. I estimate health care a...
by MathWizard
Sat Jul 30, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: order of withdrawal in retirement
Replies: 10
Views: 1644

Re: order of withdrawal in retirement

When RMDs kick in, if the RMD does not push you to the top of the 15% tax bracket, later RMDs may, so you might want to pull additional from the traditional to fill up the 15% tax bracket to convert it to ROTH. You might want to simulate this. If I don't do ROTH conversions, and only pull the RMD ea...
by MathWizard
Thu Jul 28, 2016 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: 5 reasons the rich are better investors than average Joe
Replies: 14
Views: 2898

Re: 5 reasons the rich are better investors than average Joe

I just came across this while crusin' around financial stuff. I thought it worthwhile to share....hope you enjoy reading it. http://www.investopedia.com/articles/investing/011216/5-reasons-rich-are-better-investors-average-joe.asp I hope the link works. Have a great weekend BH'ers! Don Balderdash! ...
by MathWizard
Thu Jul 28, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: LT Care costs to decimate retirement savings?
Replies: 8
Views: 1162

Re: LT Care costs to decimate retirement savings?

What alternative do we have? We can plan, but at some point we must retire on what we have.
by MathWizard
Thu Jul 28, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: Investors are getting ripped off on index fund fees
Replies: 4
Views: 1543

Re: Investors are getting ripped off on index fund fees

My TIAA-CREF plan costs more than that, but they have local branch offices, I can go in and talk to actual people.
This costs more money than Vanguard, and is a reason I am using Vanguard for IRAs, but I am must use TIAA-CREF
for my 403b.
by MathWizard
Thu Jul 28, 2016 6:08 pm
Forum: Personal Consumer Issues
Topic: It's too hot
Replies: 49
Views: 3844

Re: It's too hot

Suggestions: Get a patio umbrella and stand that can shade the south windows for a temp fix. An awning would be even better. BTW, those windows are called casement windows. To use a portable AC with casement windows, try this youtube video: https://www.youtube.com/watch?v=prpgUf6d6Mg
by MathWizard
Thu Jul 28, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13164

Re: SSA MANDATORY cell phone based multifactor authentication

Ironic in that two-factor identification is now deprecated http://www.infoworld.com/article/3100685/authentication/nist-no-longer-hot-for-sms-based-two-factor-authentication.html Two factor (or multi-factor) is fine. It is just the sms based that NIST is talking about, which the SSA appears to want...
by MathWizard
Thu Jul 28, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Driving - Yielding/Right of Way at Uncontrolled 4 Way Intersection
Replies: 34
Views: 1368

Re: Driving - Yielding/Right of Way at Uncontrolled 4 Way Intersection

The scenario is implausible. Minor road and major road, and uncontrolled intersection. The only reason for not having a stop sign is that it should be obvious who should yield. Vehicle pulling out of a parking lot, out of a field, out of a driveway, etc. would always yield. Tow roads of equal status...
by MathWizard
Tue Jul 26, 2016 5:33 pm
Forum: Investing - Theory, News & General
Topic: Traits of a successful investor
Replies: 29
Views: 2160

Re: Traits of a successful investor

Only 1 of the 3 does not work. You need at least 2, or some of each. Counterexamples: patient but fearful : All the money goes into cash, and inflation eats it all up. patient but unintelligent: As long as I keep playing the lottery, eventually I'll win big. fearless and not patient: Put it all on b...
by MathWizard
Tue Jul 26, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Affordable Bachelor party transportation?
Replies: 26
Views: 1527

Re: Affordable Bachelor party transportation?

I vote for getting the bus. You are asking for someone to spend say 12 hours with a bunch of drunks and get them safely around town. With uber, who is going to get stuck with all the arrangements for getting uber cars, the guys complaining when the uber car is not there immediately or the uber cars ...
by MathWizard
Tue Jul 26, 2016 3:59 pm
Forum: Personal Consumer Issues
Topic: Winter Tires: Yay or Nay
Replies: 105
Views: 5535

Re: Winter Tires: Yay or Nay

With Front wheel drive, I just use all season.

Long ago, when I had RWD, I used snow tires with studs.

If I lived in Colorado, in the Rockies, I'd probably have snow tires, 4WD and chains in the trunk.
by MathWizard
Tue Jul 26, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 5988

Re: What is your plan if you loose job tomorrow ??

Plan A : Work for 4-8 more years and retire Plan B: contact a recruiter. I keep getting contacted by recruiters looking for leads. I could nominate myself, though this would be for less pay that I currently make. Plan C: Live on accrued funds. We'd have to downgrade our lifestyle, and maybe even mov...
by MathWizard
Tue Jul 26, 2016 8:46 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 123
Views: 8329

Re: What kind of car do Bogleheads like to drive?

Both my oldest son and I are limited because we sit tall. In recent years, the roof has been lowered to increase fuel economy, and I have problems see out of the front window unless I lean the seat way back. I drive a large Buick with a 3.8 liter engine, 21 MPG overall with mostly city driving. My s...
by MathWizard
Mon Jul 25, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3415

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

Consider Florence. It is wonderful. 2 hour bullet train ride from Rome. We used the metro and got a 3 day Rome pass. That gave us entry into several sites, and metro every day. Vatican Museum: If you're going to the Vatican Museum, get a reservation online well before you go. (If I recall, you still...
by MathWizard
Sun Jul 24, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Who can I name as executor if I have no family or friends?
Replies: 12
Views: 2369

Re: Who can I name as executor if I have no family or friends?

Some charities have planned giving staff who may give you options.
I know my alma mater does.

A charitable remainder trust is one possible option.
by MathWizard
Sun Jul 24, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 78
Views: 6489

Re: Car totaled, no collision insurance

If I were in your position, I would not repair. I would sell the car to a salvage
yard and buy a different one.

Cars are now made to sacrifice themselves to save the passengers.
The car did its job and now the safety of passengers would be less than before.

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