Search found 155 matches

by ReadyOrNot
Tue Jul 10, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Retirement location and things to consider
Replies: 12
Views: 1588

Re: Retirement location and things to consider

Trying out places on vacation is a good idea. Also renting for a while before you buy. Don't give up your low property tax until you are sure. Rain or cloudiness all the time is a big change from sunny all the time. Some people like it, not everyone. Note that if you are east of the mountains in the...
by ReadyOrNot
Wed Jul 04, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Just divide what you've got by what you'll spend??
Replies: 21
Views: 2781

Re: Just divide what you've got by what you'll spend??

Sure, it's a rough estimate. If you need to spend $40k and you have $1 million, you get 25 years. Most people here say starting with a 4% withdrawal rate and increasing with inflation, you are safe to have it last 30 years. So you would be more conservative by about 20%. (Or is it 17%?) But there ar...
by ReadyOrNot
Mon Jun 25, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Late Saver Approaching Retirement
Replies: 24
Views: 1465

Re: Help! Late Saver Approaching Retirement

I guess if you are in California, your property tax may still be low if you bought long ago. So that might make you reluctant to sell and move, to pay new property tax. Still you should consider moving to a lower cost home; compare costs. Most other retirees with CA homes probably end up selling. Fr...
by ReadyOrNot
Sun Jun 24, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: How does a guaranteed income stream affect stock/bond ratio?
Replies: 21
Views: 2035

Re: How does a guaranteed income stream affect stock/bond ratio?

The previously posted view that if the guaranteed income is greater than the needed income, you can invest in any way you want is probably the closest to a Boglehead view. The optimum is probably as much in stocks as what lets you sleep well and stay the course through any future downturn, to maximi...
by ReadyOrNot
Thu Jun 21, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 6990

Re: What does it mean: Rule No. 1: Never lose money

I can't say what someone really means, but you can phrase this rule so it seems to make sense, and seems to be consistent with what Mr. Buffett appears to do and Boglehead advice: Invest in such a way that you will never have to sell at a loss. That would mean investing for the long haul, in quality...
by ReadyOrNot
Mon Jun 18, 2018 12:48 am
Forum: Personal Consumer Issues
Topic: One handed Android phone?
Replies: 38
Views: 1765

Re: One handed Android phone?

Why isn't a generic Android phone with 5" touchscreen a one-handed phone? I do use a stylus because I can't hit precise points with a finger.
Anyway, the phones are less than 3" wide, so could probably be manipulated using a thumb while laying on the fingers of the same hand.
by ReadyOrNot
Sun Jun 17, 2018 1:14 am
Forum: Personal Consumer Issues
Topic: How do you read books?
Replies: 34
Views: 3077

Re: How do you read books?

A professor once pointed out that grad students and effective learners spent a lot more time reading the preface, introduction, and table of contents than undergrads (who often ignored those sections). A rapid reading book also recommended doing this kind of pre-reading as well. The author tries to ...
by ReadyOrNot
Tue Jun 12, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 3106

Re: Imagine a 10 year, 0%, noncallable loan

Effectively, you are asking what would be the cost of a 10-year mortgage based on the total payments you would need to make. Say you want the total of the payments to be 100,000. You go backwards to find out how much loan you need at the beginning. Suppose you needed to take out a 49,000 mortgage to...
by ReadyOrNot
Mon Jun 11, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Left Advisory Portfolio to do it myself and fear I made mess of things
Replies: 35
Views: 2714

Re: Left Advisory Portfolio to do it myself and fear I made mess of things

You can look at the advisory portfolios on www.401411.com/att for reasonable examples of how to get close to recommended index funds in your 401K. The low-cost stock index fund which is mostly large cap stocks is close enough to SP500 which is close enough to the total stock market index for all pra...
by ReadyOrNot
Mon Jun 11, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3412

Re: How to convince my co-worker to invest more?

Ask what percentage Social Security takes, and if your co-worker thinks Social Security, thought to provide a decent return if it were considered an equivalent investment and insurance, will provide a good enough retirement. If not, wouldn't you want to save and invest at a somewhat higher rate than...
by ReadyOrNot
Fri Jun 01, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any aerospace engineers? Pros v. cons of working for NASA v. private sector
Replies: 50
Views: 4701

Re: Any aerospace engineers? Pros v. cons of working for NASA v. private sector

The aerospace industry is extremely cyclical. Sometimes it is hard to hire engineers, and sometimes there are mass layoffs. So if there are great opportunities now, I couldn't advise against them. When times were bad, lots of students coming out of school, with BS, MS, or PhD, couldn't get jobs in t...
by ReadyOrNot
Fri Jun 01, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3623

Re: I think I made an Traditional IRA mistake- Can it be fixed?

Yes, it sounds like the original poster is confused about how you contribute to a traditional IRA. Nobody has some source of untaxed dollars to deposit into an untaxed traditional IRA. Everybody just makes a deposit to a traditional IRA from whatever funds you have available (probably originally fro...
by ReadyOrNot
Fri Jun 01, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Instant oatmeal vs "regular" oatmeal
Replies: 88
Views: 11034

Re: Instant oatmeal vs "regular" oatmeal

Back to the original question, if you actually have "quick" oats which look almost the same as regular oats, rather than ground-up instant oats: If you just undercook the quick oats a little, they aren't that much different from regular oats. Even the glycemic index should be lower with undercooking...
by ReadyOrNot
Fri Jun 01, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2510

Re: Cheap options for retirement?

Seems like you are projecting reaching retirement age with close to the median projected American retirement savings. So if you are willing to move to a low-cost-of-living area, you should be at least as well-off as the majority of Americans, whether you stay in the US or not. Plenty of people live ...
by ReadyOrNot
Sat May 19, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6298

Re: What’s your phone/internet bill?

$35/mo for pre-paid smart phone "unlimited talk/text/data with 5Gb of data using 4G" (plus 10% state sales tax + $1 for some oddball state tax for cellular 911 cost using pre-paid phone cards; don't know if I will be able to avoid tax by paying another way).
No other phone or internet connection.
by ReadyOrNot
Wed May 16, 2018 12:45 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 140
Views: 8676

Re: Is there a boglehead muscle car?

For straight-ahead performance, the Toyota Prius was an economical choice which people tried out after hearing (years ago) that Al Gore's son (also named Al Gore) had been caught speeding over 100 mph in a Prius. It became known that it's top speed, well over 100 mph, was actually software-limited t...
by ReadyOrNot
Wed May 16, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 8447

Re: Can a <median household save 1 year of expenses every year?

At the tail end of the Great Recession, I remember being laid off and spending considerably less than unemployment benefits. I must have been saving at least as much as my expenses. I guess I didn't feel like spending much. I did not have any mortgage or car payments. Pre-ACA very high deductible he...
by ReadyOrNot
Wed May 09, 2018 1:22 am
Forum: Personal Consumer Issues
Topic: 36" or 42" wide Refrigerator?
Replies: 33
Views: 2856

Re: 36" or 42" wide Refrigerator?

Since refrigerators have to get replaced, it's nice to have the space it sits in be a bit more than required by the particular refrigerator you get now.
by ReadyOrNot
Wed May 09, 2018 1:10 am
Forum: Investing - Theory, News & General
Topic: Fixed dollar bond allocation
Replies: 6
Views: 923

Re: Fixed dollar bond allocation

There are many ways to look at it. I think most people would say the risk doesn't change as you get older, but your tolerance for risk goes down, since you have less time to recover. Many people consider risk to be determined by asset allocation percentages, but many instead consider safety to be gi...
by ReadyOrNot
Mon May 07, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: $1 State income tax refund from CA - Why?
Replies: 9
Views: 1492

Re: $1 State income tax refund from CA - Why?

Suppose you can't use the tax table and must calculate your tax with a formula which is not an even number of dollars. Do you round that and the amount of payments you made over the year (also not an even number of dollars), and find the difference between the two rounded amounts? Or do you calculat...
by ReadyOrNot
Sun May 06, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: $1 State income tax refund from CA - Why?
Replies: 9
Views: 1492

Re: $1 State income tax refund from CA - Why?

I once got a $1 check (or warrant) that I figured was from rounding at a different point in the process. ( I did my calculations manually, and favored the state if there was any question.) It was a minor nuisance for me and obviously a waste for the state.
by ReadyOrNot
Fri May 04, 2018 3:34 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10787

Re: Have you quit eating sugar? Tell me how!

Assuming you have determined your craving is not a medical issue. People react differently. I always felt unsatisfied with the normal recommended low calorie high fiber vegetable and supposedly satisfying low fat protein foods. I found that slow-digesting starchy vegetables (legumes and sweet potato...
by ReadyOrNot
Wed May 02, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10787

Re: Have you quit eating sugar? Tell me how!

Not clear if you are really eating candy (bad), or just lots of blueberries (probably fine). If blueberries satisfy you, shouldn't that be enough? And if the sweet potatos are fine except for sleepiness, isn't that OK too? If Hashimoto's is a thyroid condition that causes cravings, you probably need...
by ReadyOrNot
Wed Apr 25, 2018 11:21 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9727

Re: How did you tell the boss you're leaving/retiring?

Around 3 months before the end of the year, we were supposed to discuss planning for next year. My boss seemed to be late on this, so I told him he wouldn't have to plan for support for me, but would have to plan for my replacement. I left the exact time for retirement open, for management convenien...
by ReadyOrNot
Wed Apr 18, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 16397

Re: Is Los Angeles a good place long term to live financially?

It's OK. A lot of people move to places like LA or New York for education or opportunities. Lots of them do fine. But regular people work a lot harder, and are more serious, there than many people think. LA isn't as laid back as you may think for most working people or students or people working and...
by ReadyOrNot
Thu Apr 12, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6446

Re: How do I make sure IRS receives my manual tax return ?

In the past, I used certified mail to send to a PO box address because it did not require a recipient to sign for it. But now the post office tells me they do require a signature. (I don't know if the IRS will sign for it or not.) Maybe someone at the post office can tell you. It should be a common ...
by ReadyOrNot
Sat Apr 07, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 51
Views: 4433

Re: Undecided students and STEM majors

You still have time to get more information. Ask Cal Poly San Luis Obispo and Cal Poly Pomona if they allow more flexibility. (I would guess they should be.) The UC schools have more prestige, but may not be best for all students.
by ReadyOrNot
Mon Apr 02, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 7144

Re: Is Lockheed Martin about to become the biggest company in history?

A former colleague got a patent on faster-than-light communication. I expressed some skepticism, saying that there were well-accepted arguments against it based on violation of causality. He replied, "They don't give patents for nothing, my friend." I did not have a good answer for that. I couldn't ...
by ReadyOrNot
Wed Mar 28, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Should I be worried about the S&P Index fund ?
Replies: 51
Views: 6115

Re: Should I be worried about the S&P Index fund ?

Even if your assessment of those companies were accurate, shouldn't you be glad that they are a more diverse bunch than just "tech?"
by ReadyOrNot
Sat Mar 24, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9890

Re: I’m looking for a word...

The Observer-Participant transition might go 2 ways: (1) "The Legend of the 12th Man" where a spectator joins the team as a participant, takes over, and wins the game. (Unlikely) (2) The observer becomes an active participant in an unpredictable market, believing the market can be analyzed and predi...
by ReadyOrNot
Fri Mar 23, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in Taxable Account - Invest all at once or dollar cost average?
Replies: 42
Views: 2168

Re: Lump Sum in Taxable Account - Invest all at once or dollar cost average?

What's wrong with dollar cost averaging for behavioral or psychological reasons? If you choose an asset allocation that lets you sleep easier, why not do it in steps if it helps you sleep easier? Many of the decisions investors make involve behavioral issues more than a cold rational maximization of...
by ReadyOrNot
Thu Mar 22, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9890

Re: I’m looking for a word...

Laissez-faire economics?
Code of the Watchers?
The Prime Directive (Star Trek non--interference doctrine)?
Watchful waiting?
First do no harm?
Unintended consequences?
Skin in the game?
by ReadyOrNot
Thu Mar 22, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in Taxable Account - Invest all at once or dollar cost average?
Replies: 42
Views: 2168

Re: Lump Sum in Taxable Account - Invest all at once or dollar cost average?

Dollar cost averaging is a way to gradually move from an acceptable safer allocation to a better riskier one. If your starting allocation seems too heavy in safe accounts, it still must have seemed OK to you before -- you started that way. Now you want to move to something you think is better. It is...
by ReadyOrNot
Thu Mar 22, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in Taxable Account - Invest all at once or dollar cost average?
Replies: 42
Views: 2168

Re: Lump Sum in Taxable Account - Invest all at once or dollar cost average?

Dollar cost averaging is a way to gradually move from an acceptable safer allocation to a better riskier one. If your starting allocation seems too heavy in safe accounts, it still must have seemed OK to you before -- you started that way. Now you want to move to something you think is better. It is...
by ReadyOrNot
Thu Mar 22, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in Taxable Account - Invest all at once or dollar cost average?
Replies: 42
Views: 2168

Re: Lump Sum in Taxable Account - Invest all at once or dollar cost average?

Just because it doesn't make sense to take your stock market allocation back into cash and dollar cost average it back in, doesn't show that dollar cost averaging is always bad. Take the converse: If you had slowly dollar cost averaged over years to build up a substantial holding in a stock fund, wo...
by ReadyOrNot
Thu Mar 22, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Fuel additives
Replies: 21
Views: 1469

Re: Fuel additives

My car manual says cleaning may be needed if Top Tier gas is not used. I always get Top Tier gas. And now that even Arco has it, it is not hard to get every time.
by ReadyOrNot
Tue Mar 20, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Any recommendation on non-leather dress shoes?
Replies: 16
Views: 1081

Re: Any recommendation on non-leather dress shoes?

Depends on the workplace. Take a look at all-black mesh or fabric (nylon, not canvas) walking or athletic shoes. Often you can't tell how casual the shoes are if they are completely black. You could consider the shoes that coaches wear -- they often try to have somewhat professional-looking shoes th...
by ReadyOrNot
Wed Mar 14, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Reasonable cubic feet estimate for a move?
Replies: 8
Views: 598

Re: Reasonable cubic feet estimate for a move?

I once moved with only what I could cram into a Toyota Echo, which supposedly had around 100 cu. ft of usable volume. Seems it must have been equivalent to about 20-odd or 30 boxes of around 2 cu. ft. each. I suppose that could be around 60 cu. ft. I did not bring anything like a bicycle which would...
by ReadyOrNot
Fri Mar 09, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: HOA vs No-HOA
Replies: 94
Views: 11901

Re: HOA vs No-HOA

I had a small house in a small city with strong codes and few HOAs. The city would send notices threatening fines to houses with unacceptable lawns or landscaping, or worn ugly roofs or unacceptable paint schemes. (You were expected to check with the city that replacement shingles or paint were acce...
by ReadyOrNot
Mon Mar 05, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Save paper copies of tax returns and other docs, or is digital OK?
Replies: 23
Views: 2445

Re: Save paper copies of tax returns and other docs, or is digital OK?

I used to save to the Windows default electronic media format output to save on printing. I don't remember what the format was, and neither do the several latest versions of Windows. My former megacorp employer has changed the standard e-mail software choice a few times, but even new versions of the...
by ReadyOrNot
Sat Mar 03, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Move to Orange County
Replies: 50
Views: 4340

Re: Move to Orange County

Sure, your income is well above the median. If you going to rent, you avoid the main unusually high cost of buying a home. Non-housing costs are only moderately higher than most places. And some costs, like food, heating, gardening and yard maintenance, are lower. Just check the crime rates and move...
by ReadyOrNot
Fri Mar 02, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track?
Replies: 9
Views: 951

Re: Am I on the right track?

It looks like the pensions you are collecting almost cover your expenses. So almost anything you want to do would be reasonable. How much did you have in stocks in the dot-com bubble burst? That was too much. Keep as much as you need to feel safe in CDs. Then go ahead and invest the rest as you see ...
by ReadyOrNot
Thu Mar 01, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2642

Re: How to Avoid Selling Depreciated Stocks When Retired

What is the problem? With more realistic withdrawal rate of 4%, a more realistic example for 50%/50% stocks/bonds is Start with $50K in stock fund, $50K in bond fund. Market drops 50%, maybe $25K stock fund, $47K bond fund? Withdraw $4K from bond fund: $25K in stock fund, $43K in bond fund. Re-balan...
by ReadyOrNot
Wed Feb 28, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5338

Re: What age is too old to stop hostelling?

I was going to ask if something called "Elderhostel" still existed. Then I just Googled it myself, and was surprised to find it wasn't Elderhostel but something called Road Scholar. Now catering to Baby Boomers and less hostel-like, I guess.
by ReadyOrNot
Mon Feb 26, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: 3 layers of roof. Pull my offer??
Replies: 63
Views: 6153

Re: 3 layers of roof. Pull my offer??

If it had been re-roofed according to the local code, I would have figured it was the usual practice there. But you still could have checked with the city to see if the proper permits had been filed for all major work done, and refused to accept the deal if required permits were not on file. Since i...
by ReadyOrNot
Mon Feb 26, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2555

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

She should read some common-sense books, such as from Jane Bryant Quinn or Andrew Tobias (Only Investment Guide You Will Ever Need). They all say don't leave money on the table such as matching for 401K. Also, I think most 401Ks should allow you to remove your own contributions without penalty (you ...
by ReadyOrNot
Fri Feb 23, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3375

Re: How Do People Without Computer Access Prepare and File Their Taxes?

It wouldn't be hard to do taxes by hand as was common only a few years ago. The time is a little more compressed now, but time extensions are more common now. The IRS used to send out a packet with the forms you used the previous year, at the end of the year. (Now forms aren't revised or available b...
by ReadyOrNot
Sat Feb 17, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Transition from house to apartment
Replies: 28
Views: 2945

Re: Transition from house to apartment

Retirement communities seem much more peaceful than general population apartments. You have a wide geographical area to search around in. Eastern part of Long Beach (north, south, and east of airport) is considerably more desirable than western part of Long Beach (sketchy and obvious if you just dri...
by ReadyOrNot
Wed Feb 07, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 60
Views: 5805

Re: Cheap cell phone plans

[To summarize, your spouse should have options to use the accumulated balance -- and some of the options must include keeping the old cheap plan and old cheap phone.] This is probably his situation. I know that a year ago when his phone was disabled (they disabled it without telling him because he h...
by ReadyOrNot
Tue Feb 06, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 60
Views: 5805

Re: Cheap cell phone plans

I think I must have had a similar Virgin Mobile plan for a cheap emergency phone. But once you reach the maximum for topping up, don't you want to still use up the large balance you have? I had to call their live help to renew the account. They allowed me to use my balance to pay for the next 90 day...