Search found 251 matches

by ReadyOrNot
Sat May 23, 2020 8:00 pm
Forum: Personal Investments
Topic: Traditional 401k and Roth 401k Combination?
Replies: 20
Views: 729

Re: Traditional 401k and Roth 401k Combination?

OK, 02nz sounds right. I just thought that if the OP had already maxed out this year, then OP might not be able to do any Roth and should be aware. Also some employers set a lower limit than the 19,500 government limit, because they need to keep the participation by higher-paid employees vs. lower-p...
by ReadyOrNot
Sat May 23, 2020 7:50 pm
Forum: Personal Investments
Topic: Traditional 401k and Roth 401k Combination?
Replies: 20
Views: 729

Re: Traditional 401k and Roth 401k Combination?

Most employers who offer both still have the same maximum total participation or contribution amount. That is, if you max out one kind, that maxes out the total. But if they allow you a greater total max by doing both, then that is likely a good way to increase your retirement savings.
by ReadyOrNot
Fri Apr 24, 2020 1:19 am
Forum: Personal Investments
Topic: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?
Replies: 50
Views: 2795

Re: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?

Practically, you can just spend out of your cash-like assets. They get replenished if necessary when you re-balance. It's pretty much like your canned goods analogy. You use cans as needed, and replenish the stash. You keep enough as a buffer, for normal living and variable circumstances. Do you arg...
by ReadyOrNot
Sat Apr 11, 2020 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 78
Views: 7659

Re: Why not buy mobile homes instead of overpriced traditional homes?

It's worth consideration. In my high-cost area, it comes down to selection. Little available in either category. There are a few localities with easier zoning, and a few communities which had manufactured houses on individually owned land. But few for sale. Those on owned land were somewhat cheaper ...
by ReadyOrNot
Sat Apr 11, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: New to Seattle area - where to buy a house
Replies: 28
Views: 2269

Re: New to Seattle area - where to buy a house

I think there are chartered buses and carpools from some Eastside neighborhoods to Lakeside, so your kids get the inconvenient commute, not you. Ask Lakeside which neighborhoods. I think Metro ParkNRides are common pick-up points so you don't have to live exactly near a pick-up point.
by ReadyOrNot
Sat Apr 04, 2020 5:21 am
Forum: Investing - Theory, News & General
Topic: The lost era of the 1960's to early 1980's. How did investing work and not work back then?
Replies: 25
Views: 2402

Re: The lost era of the 1960's to early 1980's. How did investing work and not work back then?

I think the thinking then was stocks were risky. If you wanted to copy what companies were thought to do to pay pensions, you would try to get bonds to match your future liabilities or income needs. I think you could probably get US Treasury bills for a safe fixed income. When money market funds bec...
by ReadyOrNot
Sat Apr 04, 2020 4:32 am
Forum: Personal Finance (Not Investing)
Topic: [What happens if I stop contributing to my retirement and taxable accounts?]
Replies: 8
Views: 792

Re: [What happens if I stop contributing to my retirement and taxable accounts?]

Of course it hurts, but you do what you can. I was laid off in the Great Recession. It was a great time to continue investing in 401Ks for those who kept their jobs. Too bad I wasn't one of them. But I didn't have to dip into retirement funds, and eventually they recovered and grew more. The changes...
by ReadyOrNot
Sat Mar 14, 2020 2:10 am
Forum: Personal Consumer Issues
Topic: Apparatus for laundry in a small NYC apartment ?
Replies: 18
Views: 962

Re: Apparatus for laundry in a small NYC apartment ?

I think the high heat of the dryer is supposed to be the most reliable sterilizer in the laundry cycle. So use clothes which will stand up to the normal high heat drying cycle.
by ReadyOrNot
Mon Jan 06, 2020 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 6955

Re: Piano & college admissions

It's an activity which the applicant can say occupied a lot of time, and may have illustrated passion and excellence, diligence, or persistence. It is a fine activity. Much better than nothing. Other activities could be as good. If it is something the applicant can write about enthusiastically in an...
by ReadyOrNot
Wed Nov 27, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: Doller Cost Averaging vs Asset Allocation
Replies: 67
Views: 4384

Re: Doller Cost Averaging vs Asset Allocation

I saw a book in the library called "Bogle on Mutual Funds" by a respected financial writer, John C. Bogle. In Ch. 13, " Mutual Fund Model Portfolios Getting Down to Brass Tacks" he considers the case of the recipient of a substantial one-time time lump-sum (the lump-sum investor) and writes "When yo...
by ReadyOrNot
Sat Nov 09, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is reasonable HOA reserve?
Replies: 13
Views: 1428

What is reasonable HOA reserve?

Is there a rule of thumb for how much a condo Home Owners Association reserve fund should be? My HOA wants a special assessment to raise reserves after years of annual decisions that assessments were not needed. Property values have shot up in recent years Eastside near Seattle.
by ReadyOrNot
Sun Oct 27, 2019 4:11 am
Forum: Investing - Theory, News & General
Topic: Stock market index investing - problem of induction?
Replies: 41
Views: 4042

Re: Stock market index investing - problem of induction?

OP is right, but most of what we know is from induction. What choice do you have? As Kierkegaard wrote Life can only be understood backwards; but it must be lived forwards. You don't get any guarantees. The basic assumption is likely to hold: The overall US stock market is likely to reflect the pros...
by ReadyOrNot
Mon Oct 14, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: I thought Pyrex glass food storage containers were supposed to be durable?
Replies: 35
Views: 4253

Re: I thought Pyrex glass food storage containers were supposed to be durable?

I think they already know. Originally Pyrex was a trade name for special borosilicate glass which was temperature resistant because of low expansion. They apparently found tempered glass to be cheaper and whoever bought the trade name began using tempered glass instead. Tempered glass is under much ...
by ReadyOrNot
Fri Sep 13, 2019 1:47 am
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 4643

Re: What older products/tools are better than modern equivalents?

A lot of cheap but good versions of things have been replaced by cheaper lower quality crap. Dr Scholl's walking shoes were comfortable cheap shoes until they replaced the flexible breathable leather tongue with unbearable vinyl. But I suppose you can still get expensive substitutes. Kaopectate made...
by ReadyOrNot
Mon Sep 02, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 6443

Re: Not gaining weight on vacation?

You seem to know what the problem is, and don't have the problem normally. Do more of what works normally, and less of what causes your problem. Perhaps you don't like to walk away from food you already paid for. Just keep in mind that the cost to your health is far more valuable than the value of t...
by ReadyOrNot
Sun Sep 01, 2019 3:33 am
Forum: Personal Consumer Issues
Topic: Most economical way to move small load 1000 miles
Replies: 40
Views: 3507

Re: Most economical way to move small load 1000 miles

:greedy I did not get moving costs when moving 1100 miles. I packed more than 12 small boxes into my Toyota Echo (the predecessor of a Yaris) and drove. It was at least 12 16x12x10 inch boxes plus more stuff which did not fit in boxes (all my clothes and some bedding and towels and shoes). Everythin...
by ReadyOrNot
Sat Aug 24, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott on value investing and the Achilles' heel of market cap indexing (Morningstar podcast)
Replies: 63
Views: 6766

Re: Rob Arnott on value investing and the Achilles' heel of market cap indexing (Morningstar podcast)

So few megacorp stocks can beat the S&P500. How is this a problem if you own an index fund which tracks the S&P500?
by ReadyOrNot
Wed Aug 14, 2019 4:01 pm
Forum: Personal Investments
Topic: How can I accomplish "Locking in Gains"
Replies: 53
Views: 3851

Re: How can I accomplish "Locking in Gains"

Re-phrasing what has already been said,
you can lock in or realize gains by cashing in your winnings and getting out of the game when you have won, or cashing in your gains to spend. You don't need to, and should not want to do either yet.
by ReadyOrNot
Fri Aug 02, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: Variance calculation - why are the deviations squared?
Replies: 16
Views: 884

Re: Variance calculation - why are the deviations squared?

The math is easier with the variances (continuous, nicely behaved function and derivative). Also, the reason normal or Gaussian distributions are used (even when we know they are not an accurate model) is that they are relatively easy to work with, fully characterized with only 2 parameters (mean & ...
by ReadyOrNot
Wed Jul 31, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 158
Views: 12000

Re: Ethics of "bonus payback" when quitting a job

Seems everyone knows the ethical thing to do. What makes the decision hard is the amount of money is tough to walk away from. You would probably take pains to return your employers tools and books even if they wouldn't track them or know you had them. Does he really need the money? If so, you have e...
by ReadyOrNot
Fri Jul 26, 2019 8:13 pm
Forum: Personal Investments
Topic: $$$ on the sideline and other thoughts
Replies: 19
Views: 2020

Re: $$$ on the sideline and other thoughts

Seems you will be OK whatever you do. If you have won the game, why keep playing? You could almost live off the 2.3% return from Vanguard Money Market if you kept it all there. Just have no regrets and don't look back at the gains you might give up
by ReadyOrNot
Thu Jul 04, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: How do you brace for impact?
Replies: 65
Views: 6646

Re: How do you brace for impact?

You almost answered your own question by remembering how you got through the 2008 crash. I remember getting through 5 years 2008-2013 without selling any equity, or eating up savings. I would have liked to take advantage of that "buying opportunity" but lost my job and couldn't continue to invest in...
by ReadyOrNot
Sat Jun 22, 2019 8:15 pm
Forum: Personal Investments
Topic: Scared about investing large amount of money
Replies: 24
Views: 2777

Re: Scared about investing large amount of money

Put it in a high-paying money market mutual fund. Now contemplate what this makes your actual asset allocation. Then decide what asset allocation will bother you least. Re-balance as much as you are comfortable with, as fast or as slow as you are comfortable with. When you have done as much as you c...
by ReadyOrNot
Wed Jun 19, 2019 2:43 am
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 3107

Re: Big changes, Retirement is Imminent

It seems like you don't really need to move any assets. You already have enough in safe assets to almost cover the 10 years until your income increases. During the 10 years, you cover your expenses with a withdrawal rate beginning at 3.6%. That should be pretty safe as is, with annual re-balancing. ...
by ReadyOrNot
Tue Jun 18, 2019 5:58 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 58
Views: 7259

Re: Should I invest 100k into a total index or do it slowly

I guess I have to agree that bertilak's "hiding from bullets behind a tree" is a valid analogy. The partial exposure only helps during the transition time. But gradual exposure is still reasonable behavior. You can gradually test your comfort with the exposure. If you find you misjudged, and can tak...
by ReadyOrNot
Tue Jun 18, 2019 5:43 pm
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 3107

Re: Big changes, Retirement is Imminent

OK, I guess OP should continue to rebalance during retirement. Maybe keep re-balancing to close to 50/50, which should keep funds moving from equity to safe assets.
by ReadyOrNot
Tue Jun 18, 2019 5:34 pm
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 3107

Re: Big changes, Retirement is Imminent

So you have about $800K + emergency funds in safe assets now? To get near 1.1 million in safe assets you probably would convert about $200k from the 1.2 million in equity assets. That seems to be reasonable, not too big a jump. Like a re-balancing move.
by ReadyOrNot
Tue Jun 18, 2019 3:28 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 58
Views: 7259

Re: Should I invest 100k into a total index or do it slowly

The converse is supposed to illustrate the same logic used to criticize DCA, but with roles of DCA and lump sum reversed, to show that either could be criticized with the same logic. So criticism by that logic does not show one is better. Original criticism of DCA: After investing in stock market by...
by ReadyOrNot
Tue Jun 18, 2019 4:16 am
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 58
Views: 7259

Re: Should I invest 100k into a total index or do it slowly

The difference is a desirable final state vs. a less desirable initial state. The undesirability of pulling money out and starting over again does not prove one method of moving money is better. Consider the converse case: Many people have gradually accumulated a large investment in the stock market...
by ReadyOrNot
Sat Jun 01, 2019 2:21 am
Forum: Investing - Theory, News & General
Topic: AA to Bonds
Replies: 20
Views: 1509

Re: AA to Bonds

I agree that many, maybe most, people are more concerned with the risk of inability to cover expenses. But historically, economists trying to quantify risk used the statistical variance in modern portfolio theory. In some ways it was simpler to calculate, and a lot of financial advisors seem to have...
by ReadyOrNot
Mon May 20, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 11103

Re: completely freaked out about withdrawing from retirement accounts....

Seems like if you get at least 2% a year in interest, dividends, and capital gains, you can spend that plus your pension to meet your costs, without selling anything. I think most people would be satisfied with that.
by ReadyOrNot
Tue May 14, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Regulate Office Temperature
Replies: 31
Views: 2468

Re: Regulate Office Temperature

Why not a fan? There are plenty of small, quiet, effective ones; could plug into USB port, etc. Your computer probably already runs a noisier fan. Otherwise, if you have an office refrigerator or water cooler, you could keep a cold water bottle around to cool your hands on or maybe an ice pack. Fan ...
by ReadyOrNot
Fri May 10, 2019 12:40 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8723

Re: I will inherit 2Mil What to do with it?

Take your time to figure out what to do with it. It seems safe enough where it is at Vanguard for now. It sounds like you could spend $70k to $80k a year from it for the rest of your life. Or make the transition you planned and maybe spend a little more. It probably won't t make much difference to y...
by ReadyOrNot
Tue Apr 23, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: Single Family House - aging in place challenges
Replies: 47
Views: 3000

Re: Single Family House - aging in place challenges

Do you have a garage entrance with fewer or no steps? If not, could you install one? (Or whatever houses in your neighborhood use to get between the car and house.)
by ReadyOrNot
Thu Apr 18, 2019 12:47 am
Forum: Personal Consumer Issues
Topic: Priority Express 1-Day might in effect by a 2-Day service?
Replies: 10
Views: 751

Re: Priority Express 1-Day might in effect by a 2-Day service?

If the Post Office tells you it will take 2 days when you mail it, that is all you get for your money. I found out when mailing a proposal to a federal government address that a lot of ordinary zip codes take 2 days.
by ReadyOrNot
Wed Apr 17, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 5529

Re: Why does the stock market go up in the long term?

Ultimately, you are depending on the active investors to make good decisions over the long run. If they are rational, they will only invest if they expect to make money in the future from their investment. So you depend on them to set the market price about right so they, and you, will get growth an...
by ReadyOrNot
Fri Apr 12, 2019 5:58 pm
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 3730

Re: Investing gift from grandma

I don't get it. Why would she be offended if you choose to get a mutual fund? You aren't rejecting a choice she made. Can't you just say you don't want to avoid big mistakes, don't want to stress over it, and think taking an average result is fine? And this is the second child, so it's like figuring...
by ReadyOrNot
Wed Apr 10, 2019 3:36 am
Forum: Investing - Theory, News & General
Topic: Socially Responsible [Investing]
Replies: 58
Views: 4380

Re: Socially Responsible

Why should socially responsible companies be expected to do worse? I doubt there could be much data showing that. Even if some funds do worse, it is hard to say if it was because of such a vaguely defined factor. I think in general, ethical companies are better-managed than unethical ones, and may d...
by ReadyOrNot
Mon Apr 08, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: Can you buy a new car with a cashiers check without unfreezing a credit freeze?
Replies: 68
Views: 4877

Re: Can you buy a new car with a cashiers check without unfreezing a credit freeze?

It's really up to the dealer. They don't need your social security number or a credit check. But if they insist on it, are you ready to walk away?
by ReadyOrNot
Wed Mar 27, 2019 3:53 am
Forum: Personal Finance (Not Investing)
Topic: Occupation on tax return
Replies: 25
Views: 3379

Occupation on tax return

Does the IRS want to know the source of my income? I guess in years where more comes from pensions or Social Security I could say Retired. In good years for investments, I could say Investor. But can passive investing really be an occupation? I don't remember if I left the occupation blank when I wa...
by ReadyOrNot
Sun Feb 24, 2019 6:07 pm
Forum: Personal Consumer Issues
Topic: Has anyone had trouble getting an online credit report?
Replies: 10
Views: 642

Re: Has anyone had trouble getting an online credit report?

I seemed to have a lot of trouble verifying my address. As far as I could tell, the credit reports often used "Apt" or # or a space differently than what I input, and automatically rejected it.
The phone call worked, but sometimes a long wait.
by ReadyOrNot
Sun Feb 24, 2019 3:38 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 71
Views: 7225

Re: I'm essentially market timing, but can't bring myself to stop.

It doesn't seem so bad. Just be realistic. If you count your cash as part of your bond allocation, you are pretty close to your age in bonds. If you are conservative, that is OK.
And if your are gradually converting the stock to a broad based index fund as fast as your wife allows, that's not so bad.
by ReadyOrNot
Sun Feb 24, 2019 2:49 am
Forum: Personal Finance (Not Investing)
Topic: Best way to ensure USPS mailed tax return makes it to IRS
Replies: 63
Views: 6083

Re: Best way to ensure USPS mailed tax return makes it to IRS

Second the recommendation for e-filing with Free File Fillable Forms. In 2013 I had to file a state form too complicated for the state e-file. At that time, certified mail did not require the recipient's signature, but registered mail did. The state PO Box could not provide a signature, so I sent by...
by ReadyOrNot
Wed Jan 30, 2019 4:12 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 2161

Re: Why doesn't the US government sell additional Social Security?

The Social Security system does not invest what is paid into the system to get what it pays out. It wouldn't be able to pay out as much as an organization which does. When people criticize it as an unsustainable Ponzi scheme, what they mean is that it makes payments out of the funds it receives, wit...
by ReadyOrNot
Sun Jan 27, 2019 5:47 am
Forum: Personal Consumer Issues
Topic: How long does lunch meat last?
Replies: 44
Views: 4228

Re: How long does lunch meat last?

It varies. I think you can get it cured with enough carcinogenic nitrate and nitrite to make it last months or years, like jerky. Or even Spam in a can. And as already pointed out, don't some salami's last without refrigeration? I have seen a lot of cured meats sold in ethnic markets with no refrige...
by ReadyOrNot
Sun Jan 27, 2019 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Accumulating to Drawing
Replies: 24
Views: 2533

Re: Switching from Accumulating to Drawing

My small Megacorp pension came in confusing pieces, so the projected amounts were confusing. I only realized as I retired that it would be enough to cover my basic living expenses. That changed my thinking completely. I had planned to delay the pension payout to get a higher monthly payment and esti...
by ReadyOrNot
Thu Jan 24, 2019 2:22 am
Forum: Investing - Theory, News & General
Topic: [Warren Buffett] Why Long-term stocks vs Index funds ?
Replies: 54
Views: 4356

Re: [Warren Buffett] Why Long-term stocks vs Index funds ?

Warren Buffett is really smart and works hard to find investments which he thinks are better than index funds. He does not think most investors including the trustees for his heirs can get such good results, so he recommends the low-cost index fund approach for almost everyone else (not himself). Pe...
by ReadyOrNot
Sun Jan 20, 2019 3:30 am
Forum: Investing - Theory, News & General
Topic: Why is index investing better than other quantitative strategies?
Replies: 38
Views: 3962

Re: Why is index investing better than other quantitative strategies?

I think it would be hard to prove that an index fund should be best. Empirically, most strategies do not beat the average. And simple and low-cost strategies to approximate the market cap average are known and effective (or the obvious approximation methods work pretty well)..
by ReadyOrNot
Sat Jan 19, 2019 5:16 pm
Forum: Investing - Theory, News & General
Topic: Is using an Asset Allocation Mental Accounting?
Replies: 46
Views: 2377

Re: Is using an Asset Allocation Mental Accounting?

The customary usage has become Asset Allocation in percentages. Then every other way of thinking of the allocations, such as thinking of your allocations as buckets of various needed amounts, has been labeled mental accounting.
by ReadyOrNot
Sat Jan 05, 2019 4:16 am
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 4265

Re: Paying (paper) cash for daily transactions

I don't consume much, so my experience is not typical. Cash is pretty convenient for my everyday uses. I generally use the self-checkout machines at my favorite grocery stores. I recently found out that those machines will accept and give change for $100 bills. They had previously noted taking up to...