Search found 204 matches

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: 20
Views: 1320

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: 34
Views: 1267

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: 3759

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...
by ReadyOrNot
Fri Dec 28, 2018 3:57 am
Forum: Personal Consumer Issues
Topic: Nice jeans for work with lowest average cost of ownership
Replies: 107
Views: 7296

Re: Nice jeans for work with lowest average cost of ownership

If low cost is what you want, generic Dockers-style with high polyester content are the cheapest, last years longer than you would want, and are generally accepted as appropriate-looking for engineers. I never considered them comfortable enough or safe enough for working with electrostatic-sensitive...
by ReadyOrNot
Tue Dec 25, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Roth year
Replies: 6
Views: 531

Re: Roth year

Usually you have until the tax filing day around April 15.
At most places (like Vanguard or Fidelity) you must specify which tax year you want the contribution for, resolving the ambiguity between Jan 1 and Apr 15, when you could contribute for either tax year.
by ReadyOrNot
Mon Dec 24, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2626

Re: Advice for "Little Old Lady" revised

I don't want to make any offensive assumptions, but at that level of income, you should be eligible for many forms of government assistance. (And depending on the amount of dividends, you could be near the income borderline for some.) Many do not have limitations on assets, some do. You probably are...
by ReadyOrNot
Tue Dec 18, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5405

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

I did not remember the label correctly. It must have referred to "regular Charmin" rolls. A Google search on Charmin regular roll reveals pictures of such things, with 71 or 72 sheets. (I didn't want to click on any of the links.) So they must have existed at one time, maybe not anymore.
by ReadyOrNot
Tue Dec 18, 2018 2:39 am
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5405

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

I finally read a Charmin label. They did put an asterisk * on their claim, referencing a note that they are comparing to a "standard Charmin roll". (I wonder if any store would sell standard Charmin rolls. Maybe they could use them as a trial sample size.) They can define it any way they want. Like ...
by ReadyOrNot
Fri Dec 14, 2018 2:16 am
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5405

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

I was actually looking for the best toilet paper compromise available since getting irritated by flimsy paper not tearing at perforations. The cheapest Wal-mart 2-ply rolls have 150 sheets per roll. There are rolls available with 1000 sheets per roll. That could legitimately be called 6x. "Double" r...
by ReadyOrNot
Thu Dec 13, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: [How much of an emergency fund do I need?]
Replies: 17
Views: 1089

Re: How badly will unemployment be during next recession?

As already said, depends on lots of stuff. Lots of people over 50 lost nice jobs in the Great Recession and never made it back to >80% of their previous salary. Many retired before they expected to. If they were over-prepared, that may have worked out. In that case, total savings including retiremen...
by ReadyOrNot
Wed Dec 12, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Early retirement mistakes???
Replies: 37
Views: 6323

Re: Early retirement mistakes???

I didn't know about Medicare IRMAA, but also didn't really know much about Medicare costs. I just assumed they would be insignificant. Also, I just maxed out contributions to my 401k while working -- in retrospect, this is not optimal, but not a huge deal -- I probably will have to pay more tax and ...
by ReadyOrNot
Tue Dec 11, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody Taking Equifax Offer for Free IDNotify Service?
Replies: 13
Views: 2769

Re: Anybody Taking Equifax Offer for Free IDNotify Service?

Is there a way to take the free offer without clicking on a link in an email?
by ReadyOrNot
Mon Dec 10, 2018 2:30 am
Forum: Personal Consumer Issues
Topic: Equifax Data Breach
Replies: 10
Views: 1401

Re: Equifax Data Breach

Is there some way to determine if this is legitimate and to reply to a legitimate site without clicking on a link in an email supposedly sent by these people?
by ReadyOrNot
Sun Dec 09, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6779

Re: are pre-fabricated homes a bad investment?

There are a full spectrum, not necessarily bad. On the west coast, there are places where you can own the land and have a manufactured house on it. The older ones seem to be priced similar to cheap houses in the area -- if buildable lots had appreciated in value, these places had similar value.
by ReadyOrNot
Sun Dec 09, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: 401k to Roth rollover or conversion?
Replies: 7
Views: 515

401k to Roth rollover or conversion?

My 401k allows in-plan conversions from non-Roth to Roth 401k. I am over 60 and retired. So I could also roll over any 401k assets to a Roth IRA. Either the in-plan Roth conversion or the roll-over to Roth IRA seem to have similar future tax-saving at the cost of paying income tax now. The in-plan c...
by ReadyOrNot
Fri Dec 07, 2018 3:17 am
Forum: Personal Consumer Issues
Topic: Streaming over-the-air TV on a laptop
Replies: 17
Views: 1307

Re: Streaming over-the-air TV on a laptop

I was walking around a Fry's Electronics store and saw some USB digital TV tuners and TV tuner boards, but for reasons I don't remember, bought a small 7" screen stand-alone portable over-the-air digital TV instead, at the same store. I must have thought it was more convenient or cost-effective. You...
by ReadyOrNot
Thu Dec 06, 2018 3:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning--how many years of cash equiv should I aim to have?
Replies: 16
Views: 2415

Re: Retirement planning--how many years of cash equiv should I aim to have?

It really depends on the amount of assets, your asset allocation, and how well you tolerate market downturns. If your all stock market investment is worth 60 times your annual investment income need, and you can calmly stay invested when it drops to 30 times your annual investment need, and you only...
by ReadyOrNot
Thu Dec 06, 2018 2:15 am
Forum: Personal Consumer Issues
Topic: Southern California Vacation Questions
Replies: 39
Views: 2102

Re: Southern California Vacation Questions

If you like art museums, consider the impressive old school art collections of the Hammer museum in Westwood and the Norton Simon museum and Huntington library and museum in Pasadena if you will be in the vicinity anyway. I guess UCLA is as good as any enormous university. It is hard to get a feel f...
by ReadyOrNot
Wed Nov 14, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4585

Re: Does Early Retirement Make You Live Longer?

That "data" is completely bogus. It periodically pops up, particularly among potential Boeing retirees. It is extremely old, mentioning some Boeing anachronisms from the 1960s, and the "statistics" didn't make sense even then. The lifespan of Boeing retirees was never worse than the average American...
by ReadyOrNot
Mon Nov 12, 2018 2:42 am
Forum: Personal Consumer Issues
Topic: Can you suggest where to live if work at UCLA
Replies: 40
Views: 3214

Re: Can you suggest where to live if work at UCLA

I am mystified how anyone who works for a living could afford to buy a house near UCLA. Anyway, renting first is a good idea to become familiar with the area. Surely their recruitment or employment info packet includes some helpful information. The student housing office has informative neighborhood...
by ReadyOrNot
Thu Nov 08, 2018 3:14 am
Forum: Personal Consumer Issues
Topic: Where can I go to print a very high-quality book?
Replies: 14
Views: 1008

Re: Where can I go to print a very high-quality book?

I don't know if universities still keep printed versions either, but when they did, they generally all had a printing service which could handle the printing and binding of archival copies of theses and dissertations. I don't remember the details, because they could take care of all the details. I t...
by ReadyOrNot
Sun Nov 04, 2018 2:57 am
Forum: Investing - Help with Personal Investments
Topic: AA with Bonds & Defined Benefit Pension(s)
Replies: 10
Views: 818

Re: AA with Bonds & Defined Benefit Pension(s)

Most people worry more about what rate they can safely withdraw and if it is enough to cover their expenses. But if your pension will cover your expenses, you don't have to worry about it at all. So you should be able to use any asset allocation with minimal worry. Just make it whatever will allow y...
by ReadyOrNot
Tue Oct 30, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4905

Re: Calculating ROI for PhD

When I went back full-time for a PhD, I knew it didn't make sense financially. But I figured I would never be satisfied if I didn't go for it. Also I actually wanted to do research and teach. As it turned out, I never did get into teaching or research, and it took me excessive years to finish.(Also ...
by ReadyOrNot
Thu Oct 25, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9528

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

Perhaps it would ease your mind if you pictured the sequence as: Withdraw what you need from your most cash-like liquid asset. Then re-balance your assets to the desired allocation. Now instead of this, you can calculate what would have been the equivalent total changes, and make those in one step i...
by ReadyOrNot
Tue Oct 23, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: "The market always comes back"
Replies: 20
Views: 4115

Re: "The market always comes back"

Isn't this concern mostly what the "age in bonds" suggested guideline (and its variations) supposed to address? You may not agree with "age in bonds", but at least it should make you consider something like it to adapt to the time you have.
by ReadyOrNot
Tue Oct 23, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3570

Re: So...what’s Plan B [for your retirement security]?

I think the question was what to do if the 4% rule (or something close to it) failed. I think I do not depend on a rule like that. I should be able to live on my meager Social Security. So everything else is for extras. If I lose everything, I would have to do without any extras. If expenses blew up...
by ReadyOrNot
Mon Oct 15, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to California
Replies: 49
Views: 4320

Re: Relocation to California

Previous advice to rent in person is good. Lots of good and bad neighborhoods mixed together, and extreme trade-off in traffic and commute time vs. good or affordable neighborhoods. You have to be there to experience it to understand what will work for you.
by ReadyOrNot
Fri Oct 12, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 49
Views: 3568

Re: Lost Power for 24 hours - what food to toss?

I thought if you did not open your refrigerator or freezer doors, most refrigerators were supposed to keep the food cold for 24 hrs. I guess you should be able to tell if your frozen food thawed or not.
by ReadyOrNot
Wed Sep 26, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 8070

Re: Someone stole my check from the mail, changed the amount, and deposited it

Some pens are sold as particularly good for signing documents because their ink is supposed to be resistant to washing from paper fibers. Some of them may have gel ink. But not all gel inks are permanent.
by ReadyOrNot
Fri Sep 21, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 96
Views: 7369

Re: Out of network care

Basically Kaiser only gives (and covers) care through its own network except for emergencies. You can ask them if they have anything in an area you intend to visit. Before Group Health became part of Kaiser they were similar. They did have some kind of arrangement with Kaiser so if you happened to b...
by ReadyOrNot
Fri Sep 21, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5703

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

I think you got it.
The usual method is the cash is part of the asset allocation. It's the most liquid part, so it is natural to spend from it. Then it can be replenished with rebalancing. Or maybe it didn't need replenishing if all other assets were reduced more.
by ReadyOrNot
Sun Sep 16, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Am I "buying high" if I transfer stable value funds over to stock index fund now?
Replies: 26
Views: 1977

Re: Am I "buying high" if I transfer stable value funds over to stock index fund now?

It's no big deal that you sat out of the markets for a few months during a turbulent time in your financial life. If you had a sudden windfall it would have been considered fine. You missed a few months of whatever happened in the market, but you made no big mistakes and had no losses. Now you have ...
by ReadyOrNot
Thu Sep 06, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-exempt interest to reduce IRMAA?
Replies: 15
Views: 992

Tax-exempt interest to reduce IRMAA?

I always just tried to maximize interest income and just paid the income tax, so I am not familiar with tax-exempt interest. But now that I am aware of higher Medicare IRMAA with higher income, it may just be simpler to try to minimize the federal taxes and IRMAA. If I just move most of my taxable s...
by ReadyOrNot
Tue Sep 04, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Chase savings question
Replies: 6
Views: 865

Re: Chase savings question

Don't know. But doesn't the monthly statement have a page telling you the conditions for avoiding charges and which ones you met that month? ( I think that is the case for checking accounts at least.) And since the interest rate is almost zero, could you just replace your savings account with a seco...
by ReadyOrNot
Tue Sep 04, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing residency after relocation
Replies: 14
Views: 803

Re: Establishing residency after relocation

As someone else already posted, Washington answers for you -- the state requires you to get driver and vehicle licenses right away. With no income tax, they don't want to waste any time collecting the associated taxes and fees. You can register to vote when you get your driver's license, on the same...
by ReadyOrNot
Sat Sep 01, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Beginner Advice
Replies: 26
Views: 2213

Re: Complete Beginner Advice

Somewhat confusing. You have a $5500 annual limit on how much you can contribute to an IRA, for new contributions. Transfers or rollovers from existing retirement accounts don't count in that annual limit. There is an annual income limit for Roth IRA or for tax-deductible contributions for tradition...
by ReadyOrNot
Sat Sep 01, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule
Replies: 44
Views: 3985

Re: The twenty dollar rule

pondering only said spouse must tell him, not that it should stop her. This should work if you record what she tells you, as well as your major expenditures. Then you evaluate your recorded information and decide if your system "works" i.e. are you getting enough information about what you are spend...
by ReadyOrNot
Tue Aug 28, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 48
Views: 4128

Re: Recommend a good SOCK. Yes, I said SOCK!

Strange that you didn't see Gildan socks at Walmart. Maybe they were out of stock. I thought they normally stock them. As someone else posted, you can get them online from Walmart. I think they are pushing in-store delivery these days, so you should be able to order them and get them at your local s...
by ReadyOrNot
Mon Aug 27, 2018 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1745

Re: Unexpected Tax Underpayment - When and how should I pay?

Seems simple enough to pay the estimated extra tax on the extra income for this quarter before the deadline for this quarter. Then you probably won't owe any penalty. If you make a mistake, the penalty should be small. If you miss the deadline by a few days, the penalty is some interest on those few...
by ReadyOrNot
Mon Aug 27, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6848

Re: How do you calculate net worth with pensions?

My suggestion: Suppose you want to know how much you have to make an all-cash offer to buy a house. If you convert everything you have to cash, and subtract out your costs and liabilities, how much cash can you put up? If you can't cash out your pension, don't count it. If you might be able to find ...
by ReadyOrNot
Sun Aug 26, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the average combined return of several mutual funds?
Replies: 5
Views: 371

Re: Calculating the average combined return of several mutual funds?

Generally you use the weighted average to combine things. Multiply the return of each fund by its proportional "weight", then add. I.e. if you add just the proportional weights together, the total is 1. By using these proportions you don't need to divide. This isn't exactly right because the individ...
by ReadyOrNot
Fri Aug 17, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Free Tire Change of Flat
Replies: 21
Views: 1767

Re: Free Tire Change of Flat

If you don't have a spare, they just tow. There's a good chance the tow operator may damage the low pressure sensor (if it is not already damaged) which may cost more than a small tire.
by ReadyOrNot
Wed Aug 08, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to LA - Tips Wanted
Replies: 26
Views: 2223

Re: Moving to LA - Tips Wanted

Family-friendly areas with low crime and good schools. Glendale has a good reputation for cities of that size. Northern Glendale and La Crescenta are nice but farther and less accessible than parts near downtown. Other good areas near light rail link to downtown LA could be good. Consider within wal...
by ReadyOrNot
Mon Aug 06, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: 4% rule .. but when?
Replies: 35
Views: 4344

Re: 4% rule .. but when?

I like the idea of taking a reasonable fixed percentage of the balance, slightly smaller than the expected average return as a guideline. 4% is reasonable for a balanced portfolio. It would last indefinitely. It would work if you can live with the fluctuations. It would be less when your balance shr...
by ReadyOrNot
Mon Aug 06, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Watch winder that does not require strap?
Replies: 3
Views: 419

Re: Watch winder that does not require strap?

Or a wrist-size sweatband or Velcro strap or wrist wallet.
by ReadyOrNot
Mon Aug 06, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6986

Re: "Dollar Tree Store" favorites

Toilet paper (made in USA, by the way. And these fit the old toilet tissue roll fixtures in old houses. For some reason, only cheap toilet tissue comes in rolls with diameters small enough. I am not going to update bathroom fixtures to accommodate current oversize rolls if I can help it. The dollar ...
by ReadyOrNot
Tue Jul 31, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Internal Transfer (not Geographic) - being recruited from within
Replies: 1
Views: 211

Re: Internal Transfer (not Geographic) - being recruited from within

Seems like a normal thing to do at a big company. At my former employers, no one took offense at someone moving to better or different positions internally.
Sometimes a position which looks better turns out not to be as advertised or what you expected, but that's life. Don't burn any bridges.
by ReadyOrNot
Wed Jul 25, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying that IRS has processed my estimated tax?
Replies: 27
Views: 9933

Re: Verifying that IRS has processed my estimated tax?

It just like paying a bill. You can go to EFTPS each time you want to pay. You tell it how much you want the payment to be, and when, each time.
by ReadyOrNot
Wed Jul 25, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Any brick and mortar banks/CUs paying close to online rates?
Replies: 11
Views: 1319

Re: Any brick and mortar banks/CUs paying close to online rates?

I had a credit union for employees of my employer which tried to pay high interest to savers. I left that employer, but kept the account although the nearest branch was 30 miles, now 1100 miles away. They currently pay competitive rates. They are members of a credit union network which has reciproca...
by ReadyOrNot
Tue Jul 10, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Retirement location and things to consider
Replies: 12
Views: 1805

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...