Search found 688 matches

by finite_difference
Sat Oct 21, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]
Replies: 31
Views: 2589

Re: TIAA Trouble

I just want to mention that I only have one data point but the rep for my university has never called me or emailed me to solicit business. I did email him a few times over the years and he always responded promptly and there were no sales messages in his replies. I met with a TIAA FA before to get...
by finite_difference
Fri Oct 20, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 49
Views: 3431

Re: Wife New Car Recommendations - SUV

slayed wrote:
Fri Oct 20, 2017 4:39 pm
The CX-5 is also available with AWD.
Not all AWDs are created equal. Subaru’s AWD is considered the best. That said, looks like Maxda’s CX-5 “I-ACTIVE AWD” system is just as good as Subaru’s. Impressive.
by finite_difference
Fri Oct 20, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 49
Views: 3431

Re: Wife New Car Recommendations - SUV

If you want AWD, get the Forester or Outback, whichever your wife likes more.

If not, get the Mazda CX-5.

Either way you’ll want good winter tires for snow/ice.
by finite_difference
Wed Oct 18, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is a doctor's practice one of the safest and most profitable businesses?
Replies: 58
Views: 3476

Re: Is a doctor's practice one of the safest and most profitable businesses?

There is also demand and supply. So if there are not enough doctors being trained to meet demand of all the patients, then supply is low and demand is high, leading to higher costs. I think there’s currently a fairly strict limit on the number of new trainees due to the limited number of med schools...
by finite_difference
Tue Oct 17, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 6993

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

I am shooting for 12 years or 150k miles, whichever comes first.

My next car will be an EV.
by finite_difference
Sun Oct 15, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: My EJ portfolio vs my Vanguard, side by side
Replies: 27
Views: 3138

Re: My EJ portfolio vs my Vanguard, side by side

Make the Int’l equal and recompute. How did you factor into account the ERs? What about EJ front- or back-end loads — did you have to pay any of those? The tax efficiency issues have already been raised (if its a taxable account.) It’s not a complete apples-to-apples comparison, and it is possible y...
by finite_difference
Sat Oct 14, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 133
Views: 9736

Re: anyone else not liking the new cars?

I just don't see the vast majority of apartment/condo/renter dwellers with the ability to convert to electric. Landlords and leasing companies have no interest in installing/maintaining an electric power supply in their parking lots and garages. This will be a considerable hurdle to the adoption of...
by finite_difference
Sat Oct 14, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 133
Views: 9736

Re: anyone else not liking the new cars?

If it makes you feel better....those new cars will likely have terrible resale too after EVs take over. We are currently a 1 battery-EV, 1 gasmobile family, with the former covering 60-70% of our family driving miles, and the latter mostly for family road-trips. The gasser will be paid off in a few...
by finite_difference
Sat Oct 14, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 10061

Re: 2018 ACA costs arrived

2013 $5,884* $16,351* 2014 $6,025 $16,834* 2015 $6,251* $17,545* 2016 $6,435 $18,142* Your quoting average health insurance costs through an employer. For the 2013-2016 period, the total increase for either individual or family shown above is 10% in total (not per year). In contrast, the unsubsidiz...
by finite_difference
Thu Oct 12, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2441

Re: Too old to invest at 70+ years?

Also, don’t forget about SPIAs. Could buy one for $75k, then buy another one later for $75k, etc.
by finite_difference
Thu Oct 12, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4837

Re: Is there boglehead consensus on buying a car?

Yes, there is: Toyota, Honda or Subaru. 8-)

(Nissan, Mazda, Hyundai, and American carmakers since ~2012 may also be acceptable choices.)
by finite_difference
Thu Oct 12, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2441

Re: Too old to invest at 70+ years?

Never too old. In this case might want to be conservative though, something like 40/60 or 30/70. Much better than 100% cash. It may be hard to pull off with your parents in law though — much easier with your own parents. They’ll need to trust you. And not tinker with it. If the stock market crashes ...
by finite_difference
Thu Oct 12, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6263

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

I would think that it’s different because homeowners insurance usually covers fire, but not flood. However, if you have a mortgage and you are in a flood zone, then you should also be required to carry flood insurance. In this case, it must be houses that had mortgages but were not in a flood zone ...
by finite_difference
Thu Oct 12, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6263

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

I am not sure that the sales are any different than homes in a big fire. I know when we had a big fire here in Tahoe in 2007 many peo0le were not insured. They lost everything. Plus the gov'the charged them to clean off the debris after the fire and the banks wanted full payment of the mortgage. It...
by finite_difference
Wed Oct 11, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17956

Re:

For those who may be interested, here is an interesting answer to the Eskimo question. http://www.straightdope.com/columns/read/2160/did-eskimos-put-their-elderly-on-ice-floes-to-die I wouldn’t necessarily trust that answer too much. Western culture has so many biases in it, that it makes it diffic...
by finite_difference
Mon Oct 09, 2017 8:28 pm
Forum: Personal Consumer Issues
Topic: My Son is buying a 2017 Toyota RAV 4
Replies: 28
Views: 3059

Re: My Son is buying a 2017 Toyota RAV 4

So you can’t get the $3,000 rebate if you take the 0% interest deal?

I would do 6 years at 0%. That’s -2% real. But I like debt that’s below inflation. It pays you! And you can use your money to fund a Roth IRA, pay more into 401k, etc.
by finite_difference
Sun Oct 08, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: So my mechanic said....
Replies: 31
Views: 5680

Re: So my mechanic said....

Yeah Zombie thread.

Here’s a Car Talk article that supports using Overdrive generally: https://www.cartalk.com/content/when-sh ... s-tutorial
by finite_difference
Sun Oct 08, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11146

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats! Great story.

But don’t forget to account for inflation. After 2% inflation for 48 years, you need $2.58 million to equal the $1 million you were thinking about as a 9 year old!! :mrgreen: :beer
by finite_difference
Sat Oct 07, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Lg refrigerator vs Samsung refrigerator.
Replies: 37
Views: 4971

Re: Lg refrigerator vs Samsung refrigerator.

I have a 12 year old double door GE fridge that is running great. Had an issue with the water dispenser after 11 years but was straightforward to fix. Also had a Kenmore Elite which had a water dispenser issue but that was fixed under warranty and otherwise worked very well. I would advise not to ne...
by finite_difference
Sat Oct 07, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Simple Notebook/laptop
Replies: 58
Views: 3100

Re: Simple Notebook/laptop

Barefootgirl wrote:
Thu Oct 05, 2017 9:58 am
Thank you all. Use will be limited to web surfing, email, Facebook, looking up the news... lol.
iPad. :)

Cheapest one should do.
by finite_difference
Thu Oct 05, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3897

Re: How do you value your time?

My effective marginal tax rate is 45%. If I can spend $1 less, it's the equivalent of earning an extra $1.82 (=1/(1-.45)). Don't forget taxes when valuing DIY activities (mowing lawn, paying for parking, making own meals, etc). Unfortunately taxes are the great distortion of modern societies and DI...
by finite_difference
Thu Oct 05, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4155

Re: How much worth house should one buy?

Here is my rule of thumb: 1. Assumes you are planning to live in the house for at least 5 years. 2. Assumes you buy a house in a good public school zone, or else you need to factor in private school costs (if applicable). 3. Assumes you are a proficient worker in a reasonably high-demand profession ...
by finite_difference
Thu Oct 05, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9230

Re: Senior citizens can lose everything [to professional guardians via court rulings]

One of my favorite quotes: “When Concetta Mormon, a wealthy woman who owned a Montessori school, became Shafer’s ward because she had aphasia, Shafer sold the school midyear, even though students were enrolled. At a hearing after the sale, Mormon’s daughter, Victoria Cloutier, constantly spoke out ...
by finite_difference
Thu Oct 05, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9230

Re: Senior citizens can lose everything [to professional guardians via court rulings]

One of my favorite quotes: “When Concetta Mormon, a wealthy woman who owned a Montessori school, became Shafer’s ward because she had aphasia, Shafer sold the school midyear, even though students were enrolled. At a hearing after the sale, Mormon’s daughter, Victoria Cloutier, constantly spoke out o...
by finite_difference
Wed Oct 04, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance is enough?
Replies: 11
Views: 1023

Re: How much term life insurance is enough?

For me, term life insurance is half psychological and half about giving your family enough to get by on, but you don’t want necessarily too much. I would feel weird if I got wealthy by my spouse’s demise. But it gives me great peace of mind to know that if something happens to me my family will be O...
by finite_difference
Wed Oct 04, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Pension Now (Age 36) or Later (Age 65)?
Replies: 45
Views: 3375

Re: Pension Now (Age 36) or Later (Age 65)?

Giving up a low risk 6% rate. The pension is from Big 4 Accounting firm. If they can't do this right, we are all screwed. Arthur Andersen used to be a Big Five accounting firm with a pension plan as well. The failure of Arthur Andersen had zero to do with the management of their pension plan. What ...
by finite_difference
Tue Oct 03, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: when current 401K options suck
Replies: 17
Views: 1114

Re: when current 401K options suck

Do you get a match? If so, definitely contribute to get the match. Then max Roth IRA and then continue contributing to the 401k. If you leave your company you can roll it over to Vanguard, etc. Also see if you can work with your company to improve their 401k program. Post your funds and expense rati...
by finite_difference
Tue Oct 03, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 1759

Re: Do I replace AC evaporative coil or get a new unit?

How long was the warranty on your AC?

How long is the warranty on a new coil?
by finite_difference
Mon Oct 02, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 4939

Re: My first promotion without a pay increase

I would not accept a promotion without a pay increase unless I felt I was at a point where I had given up asking for pay increases and could use the promotion to help me jump to another company. In your market, are you underpaid or overpaid for your skill set? Reading between lines it sounds like po...
by finite_difference
Sat Sep 30, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16300

Re: $10 million+ - Still Working and LBYM

@NYCguy, I’m curious about your assets. $8M in personal real estate is a large portion of a $15M net worth. Can you elaborate? From what I hear, that buys you a 2 bedroom apartment in Manhattan, or a nice closet in San Francisco :happy In a way ~$500k spending per year sounds crazy, but I can easil...
by finite_difference
Thu Sep 28, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 14646

Re: Why do you LBYM? Why do you save and invest?

In my case my Mom taught me about finances by example, by chiding me to set a budget and to make sure to save, and in some ways inspired me to learn more about finance through her anxieties and curiosity about how it all worked, which eventually lead me here. She was proud to always pay bills on tim...
by finite_difference
Thu Sep 28, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 14646

Re: Why do you LBYM? Why do you save and invest?

Folks, I started this topic because in my case, this is normal. 1) The average gross saving rate in my country is 30+%. 2) Looking for the bargain is part of the culture. 3) My family is multi-generations business family. Investing is part of the regular dining table discussion. This is part of my ...
by finite_difference
Wed Sep 27, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones (again)
Replies: 28
Views: 2343

Re: Edward Jones (again)

Those higher fees will still significantly eat away at your profits over time. The loads just let them rob you up front. Also, by leaving your funds in place you are continuing to support an immoral and unscrupulous company rather than supporting a good company like Vanguard, Fidelity, etc. There is...
by finite_difference
Tue Sep 26, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1063

Re: Help with bad 401(k) fund choices

You have a SP 500 fund with an ER of .11 and an employer match of 6%. You, my friend, have much to be thankful for. Yeah my wife’s S&P 500 fund charges over 4x that. And she doesn’t get any match until she has worked there for over a year — I didn’t even think that was possible. If it wasn’t for th...
by finite_difference
Mon Sep 25, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 21826

Re: The cost of walking el Camino de Santiago

Thanks VictoriaF. The fact that the auberges (inns) have private showers and good food makes it sound really nice. Hmm I have my first bucket list item.
by finite_difference
Mon Sep 25, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11696

Re: Lifestyle Creep

We are beginning to book longer personal flights Premium Economy. Is that creep or keeping things the same. Because I’m pretty sure Economy is worse than ever, so Premium Economy might be equal to Economy from 20 years ago. Although the iPads and entertainment options have improved massively so not...
by finite_difference
Fri Sep 22, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24281

Re: I won the Lottery. Need sound advice.

1. Don't tell anyone except spouse. That implies not hiring an accountant (whatever that means) or a financial advisor. 2. Pay off all debt. 3. Set aside some "fun" money, like $50-100k. 4. Invest the rest in the 3-fund portfolio, and make sure you max out your 401k/IRA for the rest of your working ...
by finite_difference
Fri Sep 22, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 21826

Re: The cost of walking el Camino de Santiago

A few questions, sorry if they have been answered. 1. So you pre-planned each day how far you would walk, and where you would sleep that night? 2. What about taking a shower -- the public hostels had only public showers? Could not walk all day without a shower, and would not want to shower in a publ...
by finite_difference
Sun Sep 10, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 4864

Re: Yes Virginia, you can lose money in bonds

That's why you need to diversify, and own stocks, not just bonds. Also, a mortgage acts like a hedge in a high inflation environment. I do agree that central banks seem to have gotten much better at keeping inflation reasonable and optimized. I would hope that bonds beat inflation but as long as the...
by finite_difference
Mon Sep 04, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to break into new field?
Replies: 49
Views: 3332

Re: How to break into new field?

It sounds like you just want to make more money. But in a LCOL area with a highly secure $50k job + pension --- that's probably already enough money. And you said your wife can cover expenses anyway. You need to decide if you want to make more money, or if you want to pursue your passion or dream. E...
by finite_difference
Wed Aug 30, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Evaluating risk of flooding in the "new normal"
Replies: 45
Views: 2474

Re: Evaluating risk of flooding in the "new normal"

If your flood insurance costs $5k/year then you must be in a high risk zone. Mine (FEMA) costs like 1/10 of that. I buy it for peace of mind -- I definitely think we could flood if we got unlucky (lots of rain followed by regular hurricane or just really bad hurricane with lots of rain.) Can you ins...
by finite_difference
Tue Aug 29, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 6634

Re: When to give resignation notice

My SO wanted to do the right thing, and gave advance notice. Instead got the boot real fast. Gotta love corporate America. I still think it was the right thing to do -- but her corp. did the wrong thing without blinking. Unless they contractually can't fire you, or you are positive that will not hap...
by finite_difference
Sun Aug 27, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: T-Mobile promotion for 55+
Replies: 84
Views: 8339

Re: T-Mobile promotion for 55+

As an aside: TMobile's coverage, eh, I think the technical terms is "sucks" compared to Verizon and ATT. We've had them all, TMobile's was appreciably worse. Also slower. And we live in a big city. If you travel outside of metro areas, forget it. IMO their technical support is also horrible. For us...
by finite_difference
Wed Aug 23, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: "Verizon Up" rewards program - any insight?
Replies: 5
Views: 908

Re: "Verizon Up" rewards program - any insight?

Their last program was basically a cover for tracking your wireless browsing habits. I am guessing this is more of the same but would be happy to be wrong. Verizon has also been caught using "supercookies" to track your online behavior. I think they have since rescinded this "feature". But so far Ve...
by finite_difference
Wed Aug 23, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Injury: Health Insurance definition
Replies: 26
Views: 1523

Re: Accidental Injury: Health Insurance definition

I would think "accidental injury" would apply to any blunt force trauma or physical injury unless it was purposefully self-inflicted. An accidental injury is an injury caused by an external force or element such as a blow or fall and which requires immediate medical attention, including animal bite...
by finite_difference
Wed Aug 23, 2017 11:00 am
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 5900

Re: Home Page Updated

I like the new home page but suggest having the threads show how many pages if more than one page (like before). For example [1,2], etc.
by finite_difference
Mon Aug 21, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10558

Re: Anyone planning on never retiring?

I hope to never want to retire (continue to love my job.)

But I also hope to be financially independent by 55 or so. I don't want to feel like I have to work for money.
by finite_difference
Mon Aug 21, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Injury: Health Insurance definition
Replies: 26
Views: 1523

Re: Accidental Injury: Health Insurance definition

You mean aside from the common sense one? I would think "accidental injury" would apply to any blunt force trauma or physical injury unless it was purposefully self-inflicted. So I would not think "accidental injury" would apply to appendicitis or an ear infection. You are not allowed to ask for med...
by finite_difference
Sat Aug 19, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 12281

Re: Is it worth it? [demanding jobs vs time with family]

If you both work 65 hours a week, when do you see your kids? That's 9.3 hours working per day, 7 days per week. Assume a commute of 0.7 hours per day, so that's 10 hours working per day. Assume your kids sleep 10-12 hours per day. So if you spend every minute outside of work with your kids that leav...
by finite_difference
Sat Aug 19, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 7226

Re: DUI lawyer - need advice

Definitely get a good lawyer. The US legal system is approximately fair if you have adequate representation. Otherwise you are at a huge disadvantage. I cannot believe that some posters here are suggesting to use the US legal system as a substitute for parenting.