Search found 2820 matches

by MathWizard
Sun Jun 17, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Using deceased mother’s jewelry to create new wedding ring
Replies: 4
Views: 351

Re: Using deceased mother’s jewelry to create new wedding ring

A few weeks ago I fell down the stairs and had to have my wedding and engagement ring cut off. Since then, I am considering using the stones from my mom’s wedding/engagement ring and another ring of hers to create a new wedding ring for myself. Obviously I can’t wear all the rings at once. I usuall...
by MathWizard
Sun Jun 17, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1233

Re: What do you sell after the emergency fund?

^ During an equity market swoon, I'd hope that a reasonable investor would not have to sell equities. However, I remember during the 2008-2009 meltdown, there were posters here who were too heavily invested in equities AND were forced to sell because they had literally nowhere else to get their liv...
by MathWizard
Fri Jun 15, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 123
Views: 7703

Re: Which boglehead rule do you break--and are ok with

The only "rule" that I know of is to chose a diversified market index and keep fees low, that I do. Some have said that I was wrong to be 100% equities for a long time, (Rule something like age in bonds, or a variant thereof), so I may have "broken" that one. I prefer invest according to your need a...
by MathWizard
Fri Jun 15, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1165

Re: Upping federal withholding allowances didn't work?

Under the new tax law, there are no longer any personal exemptions, just a larger standard deduction, so changing the number of dependents should have no effect on withholding. You can no longer claim a deduction for exemptions when filing. You can still enter a figure for withholding allowances on...
by MathWizard
Fri Jun 15, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2287

Re: Question for those who used 529 plans

I just used them for the state tax deduction. Mostly I paid from college from a combination of a small amount of 529 some taxable from an earlier time, cash flow after suspending ROTH contributions. The Hope and AOC tax credits helped a lot, the AOC gave us $2,500 per year over 4 years. Scholarships...
by MathWizard
Thu Jun 14, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: When did you start teaching your kids about investing ?
Replies: 6
Views: 618

Re: When did you start teaching your kids about investing ?

Probably about age 10. They started mowing lawns, and I showed them how CDs had a minimum amount, and bigger amount and longer length of term gave better return. I opened the bank of mom and dad, and allowed them buy into a 3 year CD, and I let them know by how much their balance increased every mon...
by MathWizard
Thu Jun 14, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1165

Re: Upping federal withholding allowances didn't work?

Under the new tax law, there are no longer any personal exemptions, just a larger
standard deduction, so changing the number of dependents should have no effect
on withholding.
by MathWizard
Thu Jun 14, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3471

Re: Non-alcoholic drinks for wedding

We had a dry wedding. My mother never drank, and my In-laws were very anti-booze at weddings. For the toast, you can get sparkling white grape juice, then the kids can participate as well. This comes in bottles that look like champagne bottles, and it has bubbles like champagne. We served it in Flut...
by MathWizard
Thu Jun 14, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7386

Re: Living on Your Investments? What Happens When a Bear Market Hits?

The article assumes the investor was 100% equities in retirement.

I have been 100% in equities, but have scaled back as I approach retirement,
and never planned to be 100% equities in retirement.

Not very many people would ever advise that.
by MathWizard
Tue Jun 12, 2018 9:07 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 78
Views: 5327

Re: Anyone with a paid off house drop homeowners insurance

Paid off house.

Did not drop insurance.
by MathWizard
Sun Jun 10, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9909

Re: Why do we work?

Certainly to provide for my family, and to continue to do so in retirement. I once had a college class where the instructor said "Suppose I offered to guarantee you a B in the class with the provision that you no longer attend. How many would take me up on the offer? Quite a few hands went up. (not...
by MathWizard
Sun Jun 10, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9909

Re: Why do we work?

Certainly to provide for my family, and to continue to do so in retirement. I once had a college class where the instructor said "Suppose I offered to guarantee you a B in the class with the provision that you no longer attend. How many would take me up on the offer? Quite a few hands went up. (not ...
by MathWizard
Sun Jun 10, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1358

Re: Do you change your AA in discrete chunks or gradually?

Discrete chunks.
I prefer not to tinker so much.

The fee smoother AA changes that I've made, I've changed the AA of new money to slowly bring the overall AA back to where I want it, but that usually takes longer than I want to wait.
by MathWizard
Sat Jun 09, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3519

Re: Bogleheads' College Philosophy question

If you need to borrow, try to stay within subsided direct loans in the student's name. You need to fill out a FAFSA and have cost of attendance exceed expected family contribution. Private unsubsidized school loans are terrible. You pay interest from day one, often have an origination fee of up to 5...
by MathWizard
Wed Jun 06, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 76
Views: 12247

Re: Why Edward Jones?

I think too often the assumption by folks on this forum is something like: 1) Ed Jones. Save 10-20% of paycheck, invest in maybe a 70/30 portfolio. or 2) Direct investing with Vanguard at around 0.10%. For the really extravagant, use PAS. Same savings rate and portfolio as above (albeit with cheape...
by MathWizard
Tue Jun 05, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50122

Re: How much money do you want to retire?

1.2 can retire,
1.5 million will retire.
by MathWizard
Tue Jun 05, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Employer-subsidized retiree health insurance questions
Replies: 19
Views: 1176

Re: Employer-subsidized retiree health insurance questions

Pretty rare in any situation. I feel very lucky that my employer will allow me to stay in the group insurance if I pay full cost + 5% administrative fee. This is the same as COBRA , but it does not go away after 18 months. Pre ACA, pre-existing conditions was always a concern in retirement. I'm glad...
by MathWizard
Mon Jun 04, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 75
Views: 5627

Re: What is your Take Home Pay / Gross Pay ratio?

Me: 55%
Spouse : 18% (yes 82% goes into taxes and 403b)

Maxing 403b's
Still had to pay in $1500 in taxes beyond our withholding.

We also fully fund ROTHs.
by MathWizard
Mon Jun 04, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Annuity with survivor or not
Replies: 13
Views: 1129

Re: Annuity with survivor or not

I will be doing 100% to survivor. My back of the envelope analysis suggests that 1 person needs about 3/4 as much to live as two people. This surprised me, I thought it might be 2/3. Social security will drop to 2/3 when one of us dies. Our plan is to annuitize enough so that combined with SS we ha...
by MathWizard
Mon Jun 04, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: Dilemma: what if companies stopped going public?
Replies: 27
Views: 2716

Re: Dilemma: what if companies stopped going public?

Ultimately, the value of a company is a combination of 1) the discounted value of the dividends it distributes 2) any additional value you can get by selling your shares to someone else. Even if 2) goes to zero, you still have 1). This means you now have an illiquid investment that provides a divide...
by MathWizard
Sun Jun 03, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with survivor or not
Replies: 13
Views: 1129

Re: Annuity with survivor or not

My TIAA CREF account allows full or 1/2 to a survivor ( my spouse) I had always assumed that I would take that rather than just income while I am alive, since the latter would represent a large income drop when I pass. however I am now questioning that.drop term life, Running numbers on when we can...
by MathWizard
Sun Jun 03, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with survivor or not
Replies: 13
Views: 1129

Annuity with survivor or not

My TIAA CREF account allows full or 1/2 to a survivor ( my spouse) I had always assumed that I would take that rather than just income while I am alive, since the latter would represent a large income drop when I pass. however I am now questioning that.drop term life, Running numbers on when we can ...
by MathWizard
Sat Jun 02, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 7294

Re: Career Move: Please convince me why I should not work in tech

I ended up in tech due to consulting work I did during grad school.

BS Physics,. PhD Math

In tech you have to be learning constantly.
by MathWizard
Sun May 27, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is having insurance from 5 different companies normal?
Replies: 15
Views: 1633

Re: Is having insurance from 5 different companies normal?

I've almost always had home and auto with the same company. I typically am offered a 15% discount in auto to move to the same insurer as home insurance. I once heard from a retired insurance salesman that you should shop around every 5 years, because the company slowly raised the rates on you. I nev...
by MathWizard
Sun May 27, 2018 10:26 pm
Forum: Personal Consumer Issues
Topic: I need advice on having 2 jobs.
Replies: 25
Views: 2844

Re: I need advice on having 2 jobs.

The pay is comparable if you assume a 30% shift differential, which is not unusual going from regular business hours to the graveyard shift. I would go with the lower salary for now working in the daytime. You will be working with the best co-workers. ( The top people rarely want to work overnight, ...
by MathWizard
Thu May 24, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Switching jobs, what to do with 401k
Replies: 13
Views: 1284

Re: Switching jobs, what to do with 401k

Welcome to the forum. I think you pretty much have it figured. A. Roll into an IRA, affect future back door Roth. What's your filing status and AGI? B. Roll into new plan. How do the investment choices compare to the current plan? C. Leave it where it is. What are the investment choices? PS be care...
by MathWizard
Thu May 24, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6104

Re: What’s your phone/internet bill?

About $145/month, all in, including NetFlix HD, but no cable, only Over The Air TV. Half of that is Internet due to limited competition. 50 Mb internet, Vonage for landline (cut about $25/month off using Phone company, and got unlimited long distance in N. Amer.) 3 phones. 2 TracFone Iphones, and 1 ...
by MathWizard
Tue May 22, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Anyone using Obitalk for Google Voice?
Replies: 32
Views: 2747

Re: Anyone using Obitalk for Google Voice?

We are transitioning to Obitalk/GV from Vonage.

I would switch right now if I could change the Google Voice number to my current number,
which my wife wants to keep.
by MathWizard
Tue May 22, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 5895

Re: How have you upgraded your wardrobe?

Not a lot, but I was already dressing on the high end for people in my (former) position. I'm in IT. I always wore dress shirt/pants/shoes, but no tie or suit coat. Generally IT people look upon you as an outsider if you wear a suit. When I got promoted to a level which reported to a senior VP, I bo...
by MathWizard
Mon May 21, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: When to and when not to “reinvest dividend and capital gains”
Replies: 24
Views: 2417

Re: When to and when not to “reinvest dividend and capital gains”

I think that reinvesting div and capital gains in a taxable account caused me tax issues when I sold. In a tax advantaged account, there is no problem. Since tax advantaged supplies a huge amount of savings now with the fairly high contribution limits when over 50, I don't need to use taxable equity...
by MathWizard
Mon May 21, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: recommended Roth percentage of total investments
Replies: 17
Views: 2793

Re: recommended Roth percentage of total investments

The ROTH has not been around for that long. If you started your 401k or 403b before 1998, you couldn't have a ROTH, so the ROTH ratio was 0% The max contribution for 1998 was $2K for ROTH, $10K for 401k (not counting employer contribution) , but if you already have $100K in your 401k because of the ...
by MathWizard
Fri May 18, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 24
Views: 2290

Re: Home Loan from Parents

It is possible in the case of a single child, who is the only heir of the couple, that excess net worth could be used while living rather than wait until passing could make sense in terms of lessening the impact of interest payments to banks. I have considered intra-family loans in my case on both s...
by MathWizard
Fri May 18, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Are you concerned that over 75% of IPOs are unprofitable?
Replies: 8
Views: 877

Re: Are you concerned that over 75% of IPOs are unprofitable?

No. Generally businesses do not start out profitable. (Why would such a space in the market exist?) They burn money for a certain period while getting established. People who can buy during an IPO, and see a company with tremendous growth, and increasing (but still negative) profitability, want to j...
by MathWizard
Fri May 18, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: sharing cars with two kids home from college?
Replies: 25
Views: 1556

Re: sharing cars with two kids home from college?

I won't tell you what to do, just what we did. For each of our two sons, we got ourselves a newer car, and let the kids use our old one during college. After the older got settled in at work, we deeded the car to him, and he has already replaced it (paying cash) when it required significant repairs....
by MathWizard
Thu May 17, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10567

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Our plan has its own limits a little lower than $55K. I max out mine, and my wife will nearly max out hers as well. We've only recently been able to, since we paid off the house and our kids are just out of college. We also maxed our ROTHs. This accounts for just under 50% of gross income, so it wou...
by MathWizard
Thu May 17, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 491
Views: 28835

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I just saw another comment where someone was touting the benefits of a pretax 401k vs a Roth where they said most people will be in a lower tax bracket in retirement so pretax is better. While that is a pair of factually correct statements. Most people will be in a lower bracket. And if you are in ...
by MathWizard
Mon May 14, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 83
Views: 4937

Re: keyless ignitions and carbon monoxide

I have the keyless start on my car, and I love it. I don't understand how people can walk away with their car running. Pushing the button is just as easy to remember as turning the key and removing it before leaving the vehicle. I did just that this weekend driving my wife's car. I'm not used to th...
by MathWizard
Thu May 10, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 41
Views: 5535

Re: Questions about RMDs

Thank you 123. I am in the 12% tax bracket. I just ran a simulated 2018 tax calculation (my third one) and they all indicated that I would owe approximately $800 in taxes (I have no taxes taken out of my Social Security payments). You also brought up the point, as did Spirit Rider, to take money ou...
by MathWizard
Wed May 09, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: Rationale for placing high expected return funds in Roth rather than tIRA
Replies: 15
Views: 1202

Re: Rationale for placing high expected return funds in Roth rather than tIRA

My rationale: Roth is tax free on withdrawals. If you win big, Roth will not push you into a higher bracket. If you win , but less big, in a tIRA rather than ROTH, your RMDs are bigger, eventually pushing you into a higher bracket, especially when only one spouse is left, and so is filing single. Bi...
by MathWizard
Wed May 09, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investment Plan
Replies: 24
Views: 2499

Re: Emergency Fund Investment Plan

I don't think that there is anything wrong with what you have planned. This is just a tiered EF, with the first 2 tiers FDIC protected. Likely you will never use the higher tiers, but you must be OK with losing money in the higher tiers. You are accepting the small risk of needing the EF very soon a...
by MathWizard
Wed May 09, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 50
Views: 4949

Re: 100% equity folks- holding any cash/bonds now?

I'll admit that I am holding bonds now. I was 100% until about 18 months ago, and my wife was until about 3 months ago. Together we are now about 55/45 when averaged. I would have gone to 80/20 or 75/25 due to proximity to retirement, but the CAPE is so high, that it seemed prudent to have less expo...
by MathWizard
Mon May 07, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4255

Re: How much should I save or would be available for health care in retirement?

A recent article by Voya stated that the average health expenditure for health care in retirement for a 65 yr old woman was $134K. So this would be in the range of 4 to 6K per year for a person on Medicare, assuming between 22 and 33 yrs lifespan for a woman at age 65. Also the cost is likely loaded...
by MathWizard
Mon May 07, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: Calling from landline to cellphone with long distance area code
Replies: 8
Views: 655

Re: Calling from landline to cellphone with long distance area code

My Google Fi will use Wifi for (free) calls if it can, which is available at home or at work. Cell service seems to be everywhere for the Fi, except places in the Rockies, or in Valley or tunnels, and for some places is only 3g or even 2g in remote areas, but that is OK for calls. No long distance c...
by MathWizard
Mon May 07, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: multiplier for budget number to gross income amount
Replies: 8
Views: 1045

Re: multiplier for budget number to gross income amount

As already noted, this will depend on the type(s) of gross income, particularly in a state such as NJ with its various tax policies. If you have tax software that worked for 2017 federal and state, creating a test return using your expected retirement income sources is probably the best way to answ...
by MathWizard
Sun May 06, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17353

Re: What Percentage CASH are you?

1-3% 1st tier EF.
by MathWizard
Sun May 06, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3119

Re: Help with in-laws investment- 100% in stocks with 5 years left to retire

Jack, My wife and I were 100% stocks until about a year ago, and about 5 yrs to retirement. I would hope that a SIL or DIL would be smart enough not to question how I invest my own money. I never discussed my FIL's finances with him. I did with my widowed MIL when she asked me, but not otherwise.
by MathWizard
Sat May 05, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: dad, can I have some money
Replies: 14
Views: 3335

Re: dad, can I have some money

The way to avoid SS payments being taxed, and reducing RMDs is to suspend SS payments until 70, and pull that amount of money from the tIRA. Each month suspended increases the subsequent benefit by about 2/3 of one percent. You may also want to convert from tIRA to ROTH up to the top of the 12% brac...
by MathWizard
Fri May 04, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4255

Re: How much should I save or would be available for health care in retirement?

I'm planning on 4K/yr each in today's dollars after Medicare kicks in. This because of an informal survey of my family members. This does not include end of life nursing home care. Few in my family have used this however, and nursing home care in a semi private room in a nice facility was 75K/yr for...
by MathWizard
Fri May 04, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4255

Re: How much should I save or would be available for health care in retirement?

I'm planning on 4K/yr each in today's dollars after Medicare kicks in. This because of an informal survey of my family members. This does not include end of life nursing home care. Few in my family have used this however, and nursing home care in a semi private room in a nice facility was 75K/yr for...