Search found 2600 matches

by MathWizard
Mon Nov 20, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Drive it till it dies. It died.
Replies: 38
Views: 3238

Re: Drive it till it dies. It died.

The transmission (CVT) went out in my 2010 Nissan Murano with 140K miles. It will cost $6,000 to replace the CVT at the dealership. I don't want to put anymore money into the car. I already spent $4,500 earlier this year. How do I sell a car that won't run if I don't trade it in at the dealership? ...
by MathWizard
Fri Nov 17, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo Analysis VS Historical Rolling Periods
Replies: 25
Views: 1473

Re: Monte Carlo Analysis VS Historical Rolling Periods

Jim Otar covers some of this in the following article: http://www.retirementoptimizer.com/articles/mcimca0001.PDF Otar's analysis is spot on. You have to have a model of basic behavior with the correct distribution of behaviors . The model must be based on real behavior, which is past performance, ...
by MathWizard
Tue Nov 14, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2843

Re: Where to take more risk: 401k or Roth?

I don’t take more risk, I accept more volatility for a better expected long term return.
I accept the greater volatility in my Roth, since I plan to keep it the longest.

Some might say you should have some
low volatility in your Roth for whatever
portion is your second tier Emergency Fund.
by MathWizard
Thu Nov 09, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34686

Re: Did you tell anyone you paid off your mortgage?

I told my kids, and one brother who paid off his house long before I did.
by MathWizard
Thu Nov 09, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2491

Re: When did you start investing in taxable accounts?

I saved for kids college expenses in taxable, before 529s and Roths were available. Now that I'm over 50, there is enough space in tax advantaged + ROTH that I don't need a taxable brokerage account. I do have EF in savings account, and have used CDs. Even though those are taxable, I assume you mean...
by MathWizard
Thu Nov 09, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Best mobile Family Plan for 4 Lines?
Replies: 21
Views: 1081

Re: Best mobile Family Plan for 4 Lines?

Google Fi should be $20 for first phone and $15 each line thereafter, so $65/month for 4, unlimited talk/text. MY $20 has $3 of fees, so perhaps $78 for 4 with fees. This is without data which is $10/GB, and you have to buy the phones, so this may not be comparable to a plan that gives you the phone...
by MathWizard
Thu Nov 09, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: messages to mobile hotspot?
Replies: 8
Views: 523

Re: messages to mobile hotspot?

I went with a google FI. My Nexus 5x can serve as a hotspot. It is a smartphone, and was $250 for the 32 GB version ($200 for 16GB). The Nexus 5x is nor longer available, so the phones are more expensive now. Unlimited talk/text for $20/month, ($23 after the fees). $10/GB of data used. Additional da...
by MathWizard
Tue Nov 07, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2779

Re: DIY vs work extra and pay a pro

If you can work extra and not get burned out, it makes sense to do that. Most people cannot do that, so the calculation of DYI/Pro is not very exact. Make sure that in your calculation that you subtract out any extra taxes that you pay for the extra income. A penny saved is worth more than a penny e...
by MathWizard
Mon Nov 06, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Climate controlled cars - Useful or Useless?
Replies: 49
Views: 2101

Re: Climate controlled cars - Useful or Useless?

Useful. I've had one since 2002. Separate zones for driver and passenger, which is nice when the sun is warming the driver or passenger, so the control can be lowered for that side of the car. I basically leave the controls withing a few degrees of 70. I like a thermostat in my house, having one in ...
by MathWizard
Thu Nov 02, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: college kid - give car or put back on my insurance?
Replies: 12
Views: 854

Re: college kid - give car or put back on my insurance?

We kept car and insurance in our name until after college, the gifted car and paid first month's insurance once they got a job. In your case, I'd probably gift the car AND pay the insurance. The worst would be if he did not pay the insurance. If he is truly a dependent, you are paying it anyway. I'd...
by MathWizard
Thu Nov 02, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 4128

Re: what % return do you use?

I use 4% real (inflation adjusted).

7% nominal (not inflation adjusted) might be not too for off, but what is $1 Million
going to buy in 30 years? It seems easier to do everything in real terms.
by MathWizard
Tue Oct 24, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my parents with their retirement investments
Replies: 15
Views: 1164

Re: Help me help my parents with their retirement investments

If you and they are with TIAA-CREF, I believe that they will rebalance on a set schedule if you want them to.
It is possibly that is just a feature of my employer's plan, but you may want to check.
by MathWizard
Sun Oct 22, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7255

Re: What are you driving? And would you buy your current ride again?

Top end Buick sedan.
I did just one again.

I did look at a Toyota Avalon, this one was a better deal.

I am looking forward to self driving cars. If they don't come along in the next 20 years I'll get something with lane keeping and collision avoidance to take some of the load off long drives.
by MathWizard
Sun Oct 22, 2017 7:34 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7255

Re: What are you driving? And would you buy your current ride again?

Top end Buick sedan.
I did just it again.

I did look at a Toyota Avalon, this one was a better deal.

I am looking forward to self driving cars. If they don't come along in the next 20 years I'll get something with lane keeping and collision avoidance to take some of the load off long drives.
by MathWizard
Fri Oct 20, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: Drawback of TOTP (app like Google Authenticator)?
Replies: 22
Views: 1583

Re: Drawback of TOTP (app like Google Authenticator)?

When I login, there are notices of failed login attempts. (I don't always hit the correct keys, so these have
always been my fault, but I would see if someone had tried.) This is after the fact though, not real time, unless I
were already logged in.
by MathWizard
Thu Oct 19, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 140
Views: 9362

Re: Anyone planning on getting the new Pixel phone?

My Nexus 5x is good enough, no need to pay for a Pixel. Until that 5X locks up, you mean. I'm on my third Nexus 5x. The first two died under warranty and got replaced for free. So I'm happy for now. I'm thinking of upgrading to a Pixel 2 before too long but I'm not sure just when. I do have a spare...
by MathWizard
Wed Oct 18, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: Are Roomba's effective?
Replies: 53
Views: 4809

Re: Are Roomba's effective?

I like ours. We use it to limit having to clean our floors only once a week, even with pets. It's also great getting under the beds. We have hardwood floors, carpet would work so well. It is starting to get stuck when it finds itself just slightly over the top step of a stairway. It didn't used to, ...
by MathWizard
Wed Oct 18, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Calculating max electrical load of your home
Replies: 34
Views: 2204

Re: Calculating max electrical load of your home

When I bought my home, I upgraded from 60 amp to 200 amp. Stove, dryer and AC are all bug electrical loads, but I have never had a problem. Unless I started putting in a Tesla 220V charging station or some arc welders, I can't see needing more. My electrical use is actually going down, since I insta...
by MathWizard
Wed Oct 18, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Data Use on Smartphones
Replies: 37
Views: 2404

Re: Data Use on Smartphones

How much data does 15 minutes of checking and responding to email or reading news websites use on a smartphone? If a smartphone plan advertises 1.2GB of data in one year, is that high, low or average? That is plenty for just email. News websites can have lots of graphics on ads, so you may need mor...
by MathWizard
Wed Oct 18, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7425

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

80 to 120K miles. This takes 8 to 12 years with our average driving.
by MathWizard
Wed Oct 18, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Europe vacation, family of 5
Replies: 15
Views: 1445

Re: Europe vacation, family of 5

I just got back from London, and was in Paris a few years ago, just my wife and I. The subway system, the "Tube", in London is not the greatest, Paris, Rome and Washington DC have it beat by a mile. They are very crowded, especially at rush times. There seemed to be lots if construction going on, an...
by MathWizard
Wed Oct 18, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance for retirement
Replies: 15
Views: 1361

Re: Personal Finance for retirement

Your 401K contribution will go up over the years, as you salary grows, hopefully faster than inflation. I started out at about $400/month including employer match, which is a little under $800 in today's dollars. I was married with a young son, paying off student loans and saving for a down payment....
by MathWizard
Wed Oct 18, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 140
Views: 9362

Re: Anyone planning on getting the new Pixel phone?

My Nexus 5x is good enough, no need to pay for a Pixel.
by MathWizard
Wed Oct 18, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Least expensive iPhone
Replies: 65
Views: 5880

Re: Least expensive iPhone

Target has a new Iphone 5s for tracfone for $200. Service is pay as you go, and you can get a year of service with 1200 min, 1200 texts, and 1200 MBytes of data over that year for $100. Additional years bought at the same time are just $50/yr. The minutes/texts/data do not expire unless you let serv...
by MathWizard
Tue Oct 17, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 19
Views: 2075

Re: couple of questions regarding inflation and the 4% rule

If I actually follow that, I'll use the same as SS uses, because that is easy. I'll probably get stuck going over 4% because RMDs will force me into it sometime in my mid to upper 70's. I have a substantial ROTH, but the bulk of retirement money will be tax deferred. RMDs can't be converted to ROTH,...
by MathWizard
Tue Oct 17, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 3594

Re: Roth as good as you think?

The Roth has its advantages more at low brackets. Most Bogleheads income would put them at least in what is currently the 15% fed tax bracket during retirement if all tax advantaged money were tax deferred with none being ROTH. There is a small amount of MAGI where you can contribute directly to a R...
by MathWizard
Mon Oct 16, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Making a Roth IRA for my Dad
Replies: 31
Views: 1499

Re: Making a Roth IRA for my Dad

I believe that if he is in and stays in the 15% tax bracket that long term capital gains is not taxed. (Make sure that you verify this.) He will only be able to put 6,500 in a year (His spouse could also put in $6,500 bag on his earned income.) This assumes at lease $6,500 (or $13,000) earned income...
by MathWizard
Mon Oct 16, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3283

Re: Bonus pushed back - should I be annoyed?

OP, I think you are over-reacting. Getting upset will not help you. Consider that the other employees around the globe were upset about receiving their bonus later. Should they have been upset? What are there wages compared to yours? Ultimately, worrying about what is "fair" will get you nowhere, un...
by MathWizard
Mon Oct 16, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3283

Re: Bonus pushed back - should I be annoyed?

ResearchMed wrote:
Mon Oct 16, 2017 10:10 am
What is "NA"?

RM
I'd guess North America, since the rest of the sentence refers to the rest of the globe.
by MathWizard
Fri Oct 13, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2534

Re: Too old to invest at 70+ years?

Did they take SS early, or wait until 70? 200K at 70 having delayed SS until 70 is much different than $200K at 70 having taken SS at 62. I know a lot of people who take SS as soon as possible, and pass up an excellent "longevity insurance" by just waiting to claim. I started SS as soon as possible...
by MathWizard
Thu Oct 12, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2534

Re: Too old to invest at 70+ years?

Yes, 70 is too old to "start" investing. If they were going to be investing, they should have been in the market long ago, and should have decided to do so on their own, not convinced. That would not end well. My MIL was at our house when I was teaching my son about investing. I was giving him exam...
by MathWizard
Thu Oct 12, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4369

Re: 10 year anniversary of the beginning of the Great Recession

I was 58 and looking forward to a comfortable retirement. At the bottom I apologized to my wife for the 50% loss in my 401k and our Ira's. Had open heart surgery that following year but stayed the course 100 equity until I turned 62 then started on a glide path towards 50/40/10 . Market was very go...
by MathWizard
Thu Oct 12, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2534

Re: Too old to invest at 70+ years?

Yes, 70 is too old to "start" investing. If they were going to be investing, they should have been in the market long ago, and should have decided to do so on their own, not convinced. That would not end well. My MIL was at our house when I was teaching my son about investing. I was giving him examp...
by MathWizard
Thu Oct 12, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6482

Re: Best Career Advice for those over "50"

Pretty much the same things, just avoid some of the traps. When new team members come up with things, don't discourage them by saying, "We tried that 20 years ago and it didn't work, so don't bother." If they have ideas, you can let them know what difficulties you had in the past and why, but those ...
by MathWizard
Tue Oct 10, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 33
Views: 4418

Re: Why is inflation so low? Moore's law?

Moore's law has to do with printed circuits of semiconductors where transistors can be made smaller by using smaller wavelength photolithography. This is a very unique manufacturing technique, and does not apply to other areas. The only effect of Moore's law would be indirect, with cheaper computing...
by MathWizard
Tue Oct 10, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please define "cash"
Replies: 31
Views: 2067

Re: Please define "cash"

For me, anything that is highly liquid, and backed by the "full faith and credit of the US Government" is the same as the US dollar. This includes dollars, FDIC insured savings, CDs, treasury notes. These have no more risk than holding dollars. Non-FDIC Money markets are probably safe as well, but w...
by MathWizard
Tue Oct 10, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 5678

Re: Made a career mistake- advice/next steps

The senior leader could have been saying that to be nice, but let's assume that we can take the senior leader at your old company at his/her word. I would ask how it happened that you were underpaid, and if he/she can offer any advice on how that could have been avoided. I'd ask if there were other ...
by MathWizard
Tue Oct 10, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6788

Re: Has your "risk tolerance" been tested?

Yes, 2001/2003 and especially 2008/2009. I re-balanced into stocks each time. In 2008/2009 I did increase the cash cushion in my fist tier EF, since there were some employee cutbacks, but there were no layoffs in my group since our revenue did not drop, and my company did not want to endanger that r...
by MathWizard
Tue Oct 10, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: When to buy new tires? - penny or quarter test
Replies: 35
Views: 2282

Re: When to buy new tires? - penny or quarter test

I used to replace using wear bars, which I believe was the same as the penny test. I have more money now and replace based on age since tires deteriorate. I use 6 years. Since I buy very good tires, and don't drive very many miles in a year, the tires still have plenty of tread. If I did not, I woul...
by MathWizard
Fri Oct 06, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 15955

Re: Bogle himself is saying we will expect like 3% for the next decades

I look at 30 year returns, not 10 year. My guess on the 10 year is that we'll be lucky if the 10 year real return is above zero, but I could be wrong . If I knew when a drop would occur, I could make a bundle but I don't, so I can just hold some bonds, and rebalance into equities when/if a large dro...
by MathWizard
Fri Oct 06, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2131

Re: Negotiating merit scholarships

I don't think you will be able to negotiate merit scholarships. A full ride scholarship typically only pays tuition & fees for an in-state student for 4 years, not living expenses. Both my son, a nephew, and myself were Natl Merit Finalists, and none of us got better than a full in-state tuition. Th...
by MathWizard
Thu Oct 05, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 4818

Re: Are stocks going up only because all the alternatives are lousy?

We keep hearing the warnings about high stock valuations and possibility of market losses, poor returns, etc. I believe it, but every time I think about what to do about it, all the other choices stink, so I stay in stocks. And they keep going up for no good reason that I can discern. Cash? no retu...
by MathWizard
Thu Oct 05, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11364

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats!

Sorry to hear about your mother.
by MathWizard
Thu Oct 05, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 4130

Re: How do you value your time?

On many things, I can do a job as well or better than a professional, because I take my time, and will use the best materials. On those things which I cannot, I pay someone else. If you can do the same level of work, and no better, I'd think of what your hourly pay amounts to and use that. You can t...
by MathWizard
Thu Oct 05, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2996

Re: That blank stare... ?

It started out that way, but not anymore. My spouse even fought me on contributing to retirement pans, it as she wanted to buy a house. We invested the minimum in my employer's plan to get the match, and that was all. After getting a house, and paying off school loans, I push to max Roth IRAs for ea...
by MathWizard
Wed Oct 04, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 3470

Re: Cash in a local bank or credit union

I typically keep about 5 months worth of expenses in the local CU.

I just replaced a car, so it is down right now, but building back up every month.
by MathWizard
Wed Oct 04, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5775

Re: Does anyone hold cash?

Just in my first tier EF. Normally about 2-3% which would last me about 5 months (health insurance would
be the biggest single expense by far.)
by MathWizard
Wed Oct 04, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Need compact point and shoot camera recommendations
Replies: 32
Views: 2016

Re: Need compact point and shoot camera recommendations

I don't have any specific recommendations but you can usually get a good deal on refurbished Canon cameras when you buy directly from Canon and they come with a Canon warranty. I have bought refurbished DSLR's from them and they looked like new and I never had any problems with them. https://shop.u...