Search found 95 matches

by ReadyOrNot
Mon Nov 06, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12914

Re: Why make more money?

"Thou Shall Prosper" by Rabbi Lapin has an interesting non-Boglehead take, recommending never retiring. He says getting paid shows someone values your work, you are adding value, so you should continue adding value to society by working.
by ReadyOrNot
Sat Oct 07, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 8328

Re: I'm thinking about cashing completely out of equites....

Bogleheads gnerally would not advise something which depends on looking like a good idea at a particular time, rather than a plan which is good always. Even if you can live on your pension now, it is not that high, so you must not have much margin. Rents or taxes can go up unexpectedly. You might ne...
by ReadyOrNot
Fri Sep 22, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5861

Re: What is FI if you love your job? [Financial Independence]

Yes, financial independence gives you choices. As plenty of others have noted, you don't know if circumstances beyond your control will change your job. You get older and higher paid, if the economy tanks, your company may suddenly make a business decision to eliminate your job. Your boss may be suc...
by ReadyOrNot
Wed Sep 13, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Another New Investor (Market Timing)
Replies: 36
Views: 2871

Re: Another New Investor (Market Timing)

Very confusing, but finally decided that OP means: Wait for market to gain 15%, then sell. Repeat so you always make at least 15%, selling on highs. A more common scheme may be where you wait for the market to drop 15%, then buy. So you always are buying on lows. People have tried these strategies, ...
by ReadyOrNot
Mon Aug 21, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: School District Quality
Replies: 15
Views: 1555

Re: School District Quality

The real estate websites that indicate the school quality for the school assigned to a particular residence give some idea of relative general quality for nearby residences. You would need to get some information from the school district or prospective schools about specific programs you may be more...
by ReadyOrNot
Tue Aug 15, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 5262

Re: Best Housing To Avoid Noise

Not practical for everyone, but while looking for prospective places, senior communities seemed a lot quieter than equivalent general population communities. I considered townhomes and top-floor condos (to avoid upstairs neighbors). A few older condos had single-story buildings with no upstairs or d...
by ReadyOrNot
Sat Aug 12, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Ideal Renting Situation
Replies: 6
Views: 700

Re: The Ideal Renting Situation

You have some choices. Some others may have similar ideas on what is ideal, and there may be a market for it. For example, some retirement or general communities are located near (or may include) walking trails, biking trails, exercise trails, nature, etc. Some are built around golf courses or other...
by ReadyOrNot
Fri Aug 11, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Big family, small house dilemma -- kid bedrooms in basement?
Replies: 23
Views: 2867

Re: Big family, small house dilemma -- kid bedrooms in basement?

I don't see much of an issue either. Habitability must depend on what part of the country you are in. We used to live in a house with a daylight basement (buried on one side, regular door and sliding door on the other side). It originally was an unfinished basement, we sort of amateurishly finished ...
by ReadyOrNot
Fri Aug 04, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: The Only Thing Wrong with Active Management is the Fees - Bloomberg Article
Replies: 26
Views: 3219

Re: The Only Thing Wrong with Active Management is the Fees - Bloomberg Article

The original poster merely said lots of active traders can beat the benchmark before fees. If almost half of them can beat the average, that is lots of traders. It must be assumed that you would be able to find some reasonable way to identify traders who are above-average or below-average because of...
by ReadyOrNot
Fri Jul 28, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 7520

Re: Those Of You In a HCOLA - What's Your Financial Plan

Didn't really have much of a plan. Just saved a lot while keeping an eye on housing possibilities. Los Angeles area and Seattle area are considered high cost, but really, only housing costs are much higher than elsewhere. You can still find national chain stores with prices about the same as everywh...
by ReadyOrNot
Fri Jul 28, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Getting Warm/Hot Water from Cold Line in Condo
Replies: 27
Views: 2869

Re: Getting Warm/Hot Water from Cold Line in Condo

If you never noticed anything remotely like this in 4 years, something must have changed. Someone must have changed some connection in the water lines, or a valve have broken or an internal connection may have broken.
by ReadyOrNot
Fri Jul 28, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Master's or Master's PLUS MBA Dual Degree
Replies: 14
Views: 1277

Re: Master's or Master's PLUS MBA Dual Degree

3 more courses for an MBA sounds good. Some companies would consider an MBA another good thing to have on your resume. Most school districts pay you more for continued education, or have some kind of continuing education requirement or something, don't they? So it may be more valuable in your case t...
by ReadyOrNot
Sat Jul 22, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Driver's seat cushion for tall drivers with long legs?
Replies: 7
Views: 737

Re: Driver's seat cushion for tall drivers with long legs?

Your towel solution works. Just get a color-coordinated towel.
I use a seat cushion in a pillowcase so I can toss the pillowcase in the wash easily.
by ReadyOrNot
Fri Jul 14, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Why "Exchange" Funds Instead of "Sell" Funds?
Replies: 12
Views: 1142

Re: Why "Exchange" Funds Instead of "Sell" Funds?

The meaning may depend on the company you are dealing with. I get the impression that on the Vanguard site, it just is a means to get to the next menu. If you choose "Exchange", you get menus of your other holdings where you can choose what funds you are taking out of or going into. If you choose "S...
by ReadyOrNot
Thu Jul 13, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Cheap eggs... how bad?
Replies: 82
Views: 7202

Re: Cheap eggs... how bad?

It's generally accepted that factory farm chickens have pretty miserable conditions. But just for nutrition, if you are just consuming mass quantities of egg white, that should limit the quality variation. There isn't that much nutrition in egg whites other than the protein, so it may not matter muc...
by ReadyOrNot
Wed Jul 12, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Donation to Church for wedding?
Replies: 27
Views: 2291

Re: Donation to Church for wedding?

This must be such a common inquiry that the church or priest can hardly take offense at being asked what is customary. (The converse, not to ask, might be poor etiquette, because they surely have some costs. And how would you be expected to know what they are?)
by ReadyOrNot
Sat Jul 08, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: No "sequence of returns risk" what to do about withdrawals
Replies: 35
Views: 3108

Re: No "sequence of returns risk" what to do about withdrawals

Seems that you began early (so had more risk), then knocked down some risk by shortening the remaining years of retirement. Now, in your mid-sixties, you are about at the age for which the 4% was supposed to apply. So if you re-start from now, you should be OK -- take 4% of your current retirement a...
by ReadyOrNot
Fri Jul 07, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help.made a mistake on bonds in taxable account
Replies: 5
Views: 658

Re: Help.made a mistake on bonds in taxable account

The usual advice for people in low tax brackets is that the yield in a taxable bond fund should be higher than in a tax-exempt bond fund -- enough to yield more even after you pay a low tax rate on it. 15% is usually considered a low tax bracket. So compare the yields on the funds you are considering.
by ReadyOrNot
Tue Jul 04, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why Isn't a Taxable Account Considered Part of an Emergency Fund?
Replies: 24
Views: 2185

Re: Why Isn't a Taxable Account Considered Part of an Emergency Fund?

Yes, as others have noted, it is quite normal to have some liquid assets in a taxable brokerage account, which would be fine for emergency funds. When money market funds paid reasonable interest, they were part of most taxable brokerage accounts, and would usually be considered perfect emergency fun...
by ReadyOrNot
Tue Jul 04, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Need help progressing in life after a massive setback
Replies: 35
Views: 6700

Re: Need help progressing in life after a massive setback

Seems like you are still young and can take some of the advice given by others. Don't worry too much about the gap -- it doesn't sound like it was very long (sometime between 2015 and 2017). Many employers may not even notice it while you are explain the other churning. I left a graduate school prog...
by ReadyOrNot
Tue Jul 04, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 35520

Re: What's the ideal safe retirement net worth target?

You can see that the average Boglehead needs or wants a lot more than other "average" people. One indication of what other "average" people would want is a common level given in popular advice: If you have somewhere between 1 and 2 million (maybe between 1.5 to 2 million is safer), they advise that ...
by ReadyOrNot
Thu Jun 29, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: 47 Single - Never Married - No kids - Diabetes - Retirement
Replies: 17
Views: 3421

Re: 47 Single - Never Married - No kids - Diabetes - Retirement

You may want the retirement savings. A relative with diabetes (don't know how comparable) didn't really keep a healthy diet or exercise or do healthy things -- lived to mid-eighties, maybe the last 4 years or so in a nursing home in poor health (and some years in declining health before that). The n...
by ReadyOrNot
Mon Jun 26, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 55
Views: 3972

Re: Lump sum investing in stocks vs. DCA

(This is like abstruse arguments about the ergodic hypothesis in statistics. Are statistics over time following one participant the same as statistics taken over a random ensemble? In statistical physics, maybe. In financial investments, clearly not. Sorry, couldn't resist throwing that in -- how un...
by ReadyOrNot
Sat Jun 24, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 55
Views: 3972

Re: Lump sum investing in stocks vs. DCA

The risk is only mitigated during the time you are dollar cost averaging. When you have finished moving your money, the risk of a big loss during the move is over. Once your money is at its final destination, the risk you were insuring against is over. There is no point in repeating the process and...
by ReadyOrNot
Fri Jun 23, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 55
Views: 3972

Re: Lump sum investing in stocks vs. DCA

The reason you don't pull your invested money out and re-invest by dollar cost averaging is because dollar cost averaging is a risk-distributing move, like buying insurance, rather than an investment in the usual sense. Suppose you are moving money from one location to another and insure its delive...
by ReadyOrNot
Fri Jun 23, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 55
Views: 3972

Re: Lump sum investing in stocks vs. DCA

The reason you don't pull your invested money out and re-invest by dollar cost averaging is because dollar cost averaging is a risk-distributing move, like buying insurance, rather than an investment in the usual sense. Suppose you are moving money from one location to another and insure its deliver...
by ReadyOrNot
Tue Jun 13, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Proof for estimated tax payments
Replies: 23
Views: 2383

Re: Proof for estimated tax payments

As others pointed out. and you apparently already know, if you paid using EFTPS (as you apparently did), you can always get a record of your payments -- isn't that good enough? And when you pay, you should see an option for printing the acknowledgement of your payment (a PDF file which you can save ...
by ReadyOrNot
Sat Jun 10, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Looking for a pan 14x20 inches maybe an inch deep at a low cost
Replies: 14
Views: 1346

Re: Looking for a pan 14x20 inches maybe an inch deep at a low cost

The dollar stores must be too down-scale for most of this forum to be familiar with.
They are full of options for $1, including foil, plastic, and sturdier materials.
by ReadyOrNot
Thu Jun 01, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Employer going union, what happens with 401k
Replies: 19
Views: 2191

Re: Employer going union, what happens with 401k

It must be dependent on the contract your union negotiates. Usually it works the other way -- the employer had a pension plan (with defined benefits), then discontinues it and replaces it with a 401K (with defined contribution). Employers usually like the lesser uncertainty (for them) of the 401K --...
by ReadyOrNot
Thu Jun 01, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 45
Views: 2982

Re: Changing Car Cabin Air Filter - after how much time

As already mentioned, depending on what function it has in your car, it may not be necessary. My new low-end Toyota Echo didn't come with a cabin air filter, but at an oil change, someone noted that I had a useable empty filter holder in the glove compartment and convinced me to pay the $30 or $40 t...
by ReadyOrNot
Sat May 20, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard Prime Money Market fund remain competitive with online banks?
Replies: 6
Views: 1556

Will Vanguard Prime Money Market fund remain competitive with online banks?

I stopped paying attention to the Vanguard Money Market fund when the yield seemed negligible. But they appear to be competitive now (near 1% yield) with the online banks again. Why? Is this likely to continue? I would prefer to simplify and not open a bunch of accounts chasing interest rates, if th...
by ReadyOrNot
Thu May 18, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 6106

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

Property lines are seldom really known exactly. You may think the concrete slab goes to the property line, but the true property line is probably off one way or the other. (This may not help, and I don't know a good solution. The city where I once had a house with a troublesome neighbor would only s...
by ReadyOrNot
Sun May 14, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias...makes sense?
Replies: 235
Views: 12123

Re: Home Country Bias...makes sense?

It may be out-of-scope of this discussion, and difficult, to plan for the terrible cases when the rules break down. Would global investment be more useful than investments in defensible shelter, wood-burning stove, canned goods, survival training, crop seeds, a well and still for potable water, mayb...
by ReadyOrNot
Sun May 14, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias...makes sense?
Replies: 235
Views: 12123

Re: Home Country Bias...makes sense?

Analysis using detailed models to predict future performance do not work well for some things -- stock market performance is an example. So trying to include more factors to predict better with current models is likely to be fruitless, despite a strong current toward this kind of thing in this forum...
by ReadyOrNot
Tue May 09, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Can someone explain LA to me?
Replies: 11
Views: 2098

Re: Can someone explain LA to me?

Just talk to some of the people you work with, to see how they live. You just moved from a low cost area to a high cost area, so the contrast shocks you. You are right that it would be hard for a family to live on a single average income. You must have heard that before, but never experienced it in ...
by ReadyOrNot
Sat May 06, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 4365

Re: Job Decision

You say your job is tolerable, and you expect to be able to retire in 2 or 3 years. Can you take it for another 2 or 3 years? If not, it really is much easier to get another job by looking while you are still working at your present job. Either way, you can think of it as a short term situation. But...
by ReadyOrNot
Thu May 04, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 41
Views: 3590

Re: Consumer Reports

Years ago, they would recommend cars that would turn out to be embarrassingly bad. But after they began to rate the reliability using surveys of subscriber experiences, their reliability ratings became the best generally available. For those who consider reliability one of the most important factors...
by ReadyOrNot
Wed May 03, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 10230

Re: have you accepted a lower cost lifestyle to retire early?

Of course you can live a modest middle class lifestyle on roughly the median household US income. You have lots of people in the US doing so. Even in areas close to or within many high cost areas. You don't have to spend as much as the rich people living nearby -- look at where the retired people li...
by ReadyOrNot
Tue May 02, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 5974

Re: Buying first home with old hvac

Even on the west coast, usually a seller's market, I always have assumed everything that the inspection finds is up for negotiation. The inspectors I used did point out the age of water heaters, air conditioning, etc. -- in one case, the seller indicated things were pretty much "as is" except for wh...
by ReadyOrNot
Tue Apr 25, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 17013

Re: Retirement income for 50+ years?

You don't really need to do anything. You could probably live on >$220K a year for 50 years without bothering with investments. But you seem to need to get basic knowledge. Take a look at Andrew Tobias's chapter on What to Do If You Inherit a Million Dollars and What to Do Otherwise, and other chapt...
by ReadyOrNot
Sat Apr 15, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?
Replies: 86
Views: 7747

Re: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?

So you do value having a fiduciary relationship. Now ask those salesmen (salaried or commission) if they have a fiduciary relationship with the customer. Maybe then you will understand why you shouldn't trust them for your best interests.
by ReadyOrNot
Tue Apr 11, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing to control risk doesn't make sense to me
Replies: 175
Views: 13505

Re: Rebalancing to control risk doesn't make sense to me

OP is saying something similar to what Edesess et al. say in "The 3 Simple Rules of Investing". If you have enough in safe assets (say, 20 or 30 years of expenses) to feel safe, you may not care if the percentage of risky assets blows up. So, you can let your riskier stock fund assets accumulate at ...
by ReadyOrNot
Sat Apr 08, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Volatility and Income
Replies: 25
Views: 1502

Re: Volatility and Income

Your numbers don't quite add up. If you have enough years to get a good idea of what your average income is, if you really save 95%, you should have more than 2.4 years of savings. You should be able to save 19 years worth of expenses for every average year you work. A couple of average years should...
by ReadyOrNot
Mon Mar 27, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: lived in 2 states, how to file state taxes?
Replies: 11
Views: 1047

Re: lived in 2 states, how to file state taxes?

Don't you use the California Nonresident or Part-Year Resident form and instructions, so California can treat the part-year residence supposedly fairly? Does DC have a similar form as well for nonresident or part-year? They must have criteria in the instructions which tell you where the income gets ...
by ReadyOrNot
Sat Mar 18, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 2221

Re: Expat Wanting to Invest in US Mutual Funds

See one of Andrew Hallam's books for level-headed advice
"Millionaire Teacher"
"The Global Ex-Patriate's Guide to Investing"
by ReadyOrNot
Sat Mar 18, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 28332

Re: Early Retirement - what to do about healthcare?

This must vary quite a bit by state and going up with time and age. For a single person, mid-50's, pre-ACA, a low-end catastrophic-only insurance-like policy at an HMO (you have to pay first $4K or $5K deductible per year, $40K or $50K max or something like that, limited to using HMO doctors) compar...
by ReadyOrNot
Fri Mar 17, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How should I divide my finances and any suggestions?
Replies: 31
Views: 2513

Re: How should I divide my finances and any suggestions?

Seems reasonable. If you really know the present situation in the Seattle area well. Things may have changed a lot if you haven't kept current -- then be patient as you re-learn enough not to make big mistakes. Not clear if you intend to live and work and start a business in Seattle or just nearby. ...
by ReadyOrNot
Mon Mar 06, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should federal employee communicate 18 months to retirement?
Replies: 44
Views: 3845

Re: Should federal employee communicate 18 months to retirement?

This situation is not unusual. Surely management realizes that employees eligible for early retirement often take it in the face of a re-organization. Many employees drop hints that they would consider early retirement depending on how things look after the re-org. I wouldn't be concerned with that,...
by ReadyOrNot
Sat Mar 04, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 8764

Re: Climate and happiness revisited

You may try some of the advice on how to make winters more enjoyable. But only you can tell how much climate affects you. Some people just are much more sensitive to long winter nights or lack of sunshine. Lack of sun and lots of overcast days don't seem to stop most people from flooding into the Pa...
by ReadyOrNot
Thu Mar 02, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: claim: stock/bond allocation should be independent of investment horizon
Replies: 58
Views: 5693

Re: claim: stock/bond allocation should be independent of investment horizon

Very confusing mixing of math terminology with investing terminology. And people define risk differently -- they must not mean standard deviation. A simpler example is from gambling, which has some similarities to risky(?) investments. Say you make constant value bets on red or black on the roulette...