Search found 49 matches

by Masterblaster
Wed Oct 03, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: New post - car muffler and auto emissions
Replies: 12
Views: 781

Re: New post - car muffler and auto emissions

Simply, would a rusty or corroded muffler per a mechanic, with a recommendation for replacement, have anything to do with possibly failing an inspection for emissions? A muffler will not change your emissions one way or the other. A muffler muffles sound but does not do anything to the emissions. N...
by Masterblaster
Mon Oct 01, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Tax Optimal Decumulation/Spending
Replies: 6
Views: 741

Re: Question About Tax Optimal Decumulation/Spending

Typical drawdown order is first taxable account, then tax deferred, then tax free (Roth). That advice may a bit dated for someone with larger qualified accounts and therefore may not be the best choice. Following that method may just mean much larger tax bills later in life due to RMDs. In addition...
by Masterblaster
Mon Oct 01, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Tax Optimal Decumulation/Spending
Replies: 6
Views: 741

Question About Tax Optimal Decumulation/Spending

So what's the best way to spend down a portfolio prior to the RMDs kicking in. Help me in this analysis as I am perplexed as to best minimize cumulative taxes and maximize spendable income over the remaining lifespan. For a 62 year old pensioner and 62 y/o spouse who plans to take SS at 70. 1) shoul...
by Masterblaster
Tue Sep 11, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Matter/Scatter appendix: notes on methodology
Replies: 27
Views: 1735

Re: Matter/Scatter appendix: notes on methodology

I haven't read all of the material - so forgive my ignorance here... But these plotted data points are not statistically independent. If I understand things they are from a series of highly overlapped time periods. My take is that they are small variations of the same data plotted over and over. The...
by Masterblaster
Tue Sep 11, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3229

Re: Mom died, financial guidance welcome.

IRAs, if they have a surviving beneficiary, pass outside the estate and hence are not subject to creditor claims. Life insurance may also be similar depending on your state laws. Creditors and IRAs and 401(k)s After Death When someone dies leaving an IRA or 401(k), must the money be used to pay thei...
by Masterblaster
Mon Sep 10, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Depreciated Rental or use Charitable Remainder Trust
Replies: 2
Views: 251

Sell Depreciated Rental or use Charitable Remainder Trust

I've had a rental house in California for more than 30 years. It has been fully depreciated over the years and is now worth around $700k. I'm considering selling this rental house but the taxes and fees will be high. The tax basis for the house will be only around $50k making $650k (or so) capital g...
by Masterblaster
Tue Aug 14, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Magic Formula Results
Replies: 20
Views: 2087

Re: Magic Formula Results

Has anyone really tried the Magic Formula, from Grennblatt's "The Little Book That Beats the Market"? Seeking Alpha did a detailed evaluation of this technique. It's perhaps more than you asked for but nonetheless a very comprehensive analysis. To Conclude Both classes of the Magic Formula have don...
by Masterblaster
Fri Aug 10, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10676

Re: The Bigger Story: Fidelity Expense Ratios

The ER's posted from Fidelity may not be what they seem. If I pull up the prospectus from fund FSTVX (for example) I get an ER of 0.015 percent plus "other annual expenses" of 0.02 percent. The way I count the true ER for this fund is 0.035 percent which is the same as it's been. The reported 0.015%...
by Masterblaster
Mon Jul 09, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Issue (Cold Freezer-Warm Fridge)
Replies: 11
Views: 654

Re: Refrigerator Issue (Cold Freezer-Warm Fridge)

I assume you have tried the adjustment inside the refrigerator that lets more cold into the refrigerator. If that doesn't do it check the thermostat(or timer) that controls the de-icing circuit. When that doesn't work right ice builds up blocking airflow from the freezer compartment. The cheap way t...
by Masterblaster
Wed May 09, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 44
Views: 3619

Re: Estimated Tax on Large Capital Gain

Sorry, but what I said is “strictly true”. Please correct your statement and don’t mislead the OP. Gill What you said is not technically true. As I posted taxes are due in the quarter that the income/capital gains are generated. What you should have said was that there probably (but not certainly) ...
by Masterblaster
Wed May 09, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 44
Views: 3619

Re: Estimated Tax on Large Capital Gain

Just make sure your withholding equals 2017 tax and you’re home free. No need to pay anything else until next April. Gill That's not strictly true. The extra taxes due to your capital gains are due in the quarter that they were generated. Technically You'll need to pay estimated taxes for the quart...
by Masterblaster
Wed May 09, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 7432

Re: Factors Suggesting One Should Buy SPIA

Here's the case for SPIA annuities. Using SPIAs, those that die young end up subsidizing payments to those that live to be really old. That's the so called mortality credit of SPIAs. When you fund your retirement entirely out of your nest-egg all by yourself you need plan for a very long life else y...
by Masterblaster
Tue May 08, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Estimating cost of granite countertop renovation
Replies: 19
Views: 1757

Re: Estimating cost of granite countertop renovation

Can someone who has had such a renovation project tell me the approximate cost to expect for the removal of the old countertops the appr cost of removing and reinstalling the old sink (perfectly good only 4 years old the appr cost of removing and reinstalling the stove top (ditto) Are you doing the...
by Masterblaster
Mon Feb 12, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 5318

Re: Random conversations regarding money

ny_rn wrote:
Mon Feb 12, 2018 11:35 am
so I excused myself to go get another beer.
Just tell him that you only invest in beer because it's a true liquid asset.
by Masterblaster
Thu Oct 19, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 12883

Re: how long did it take to get used to retirement

Everyone is different and everyone has a different response to retirement. Sorry to break it to you but... An academic study on actual large groups of retirees on the post retirement contentment topic finds that retirees except for some initial months immediately after retirement are not as happy/co...
by Masterblaster
Thu Sep 14, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Repair 2003 Honda Accord?
Replies: 26
Views: 2234

Re: Repair 2003 Honda Accord?

barnaclebob wrote:
Thu Sep 14, 2017 5:13 pm
Does it have a timing chain or belt and if its a belt when is that due?
For the 2003 Honda Accord the 4 cylinder has a timing chain, The 6 cylinder has a timing belt.
by Masterblaster
Thu Sep 14, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Repair 2003 Honda Accord?
Replies: 26
Views: 2234

Re: Repair 2003 Honda Accord?

I am wondering whether I should spend $1700 to replace front CV assemblies, lower control arms, outer tie rod, rack assembly. The Accord has 206K miles a lot of it highway miles. I am not wanting to buy a brand new Accord becaude I think I can put another 100K miles on it. Any thoughts? $1700 is a ...
by Masterblaster
Thu Sep 14, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 2907

Re: Smart phones and data/text usage.

I'm the poster child for Smart-phone frugality. If you aren't one to blab away constantly then look into Trakfone. If you are a light talker/texter/data user then their plans are made for you. I use it just as you describe. I keep the data off unless I need directions or some other application. The...
by Masterblaster
Wed Sep 13, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 2907

Re: Smart phones and data/text usage.

Anyone take a minimal data plan and then turn off data at the phone just so it is available if you need it? We have not taken data or text prior to last week when I added it just to be able to use Uber, or use gas finder app services here in Miami. Typical phone bill for both of us is $36 on Consum...
by Masterblaster
Tue Sep 12, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much does my commute cost me?
Replies: 15
Views: 2321

Re: How much does my commute cost me?

Besides gasoline, you have wear and tear on the car. So if you pay $20k for your car and sell it X years later with 100k miles for $5k your depreciation cost is 15 cents a miles. If you have to do repairs and upkeep (tires, water pumps etc.) maybe add another few cents per mile. Add in whatever extr...
by Masterblaster
Thu Sep 07, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 111004

Re: To take or not to take delivery of Tesla 3

If you really want to save some money just wait a few years. Can this car ever live up to all the hype ? Think of this car as fashion. The posers would love to be seen in the latest thing. And when it’s no longer so unique and cool then prices will moderate. When Grannies start buying Model 3’s then...
by Masterblaster
Wed Sep 06, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 10641

Re: Safe Withdrawal Rate -> 2% or lower

very safe withdrawal. But, does that make any sense if your withdrawal rate is 2% or lower? Clearly a lower rate is safer than a higher one. But based on historical data a 2% rate is lower than need be. This is an optimization problem in that one is trying to spend as much as possible subject to ne...
by Masterblaster
Tue Aug 15, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 12686

Re: Is $9000 too much for a sectional sofa ?

Marjimmy wrote:
Tue Aug 15, 2017 11:39 am
Is $9000 too much for a sectional sofa ?
That depends... Is the $9000 per section or for the whole sofa ?
by Masterblaster
Wed Aug 09, 2017 6:57 pm
Forum: Personal Consumer Issues
Topic: Loud squeaky noise when starting the car
Replies: 18
Views: 2073

Re: Loud squeaky noise when starting the car

The power steering can cause a loud squeak if the fluid is low or the pump is failing. Check the power steering fluid level if its low then just add some more fluid.

I've had that problem before and the noise goes away when fluid is added.
by Masterblaster
Wed Aug 09, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 21833

Re: Life at crossroads. What would you do ?

20 characters dot dot dot
by Masterblaster
Wed Aug 09, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 2491

Re: Question for Buick Verano (non turbo) or Mazda3 owners

Hyperborea:

What you post may indeed be true. But if the car is way less comfortable I say who cares !

Let me rephrase what I posted:
When I was younger I wanted a fast/crisp handling/good steering car. Now I don't care about that. I want a comfortable car.
by Masterblaster
Wed Aug 09, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 2491

Re: Question for Buick Verano (non turbo) or Mazda3 owners

One thing about the two cars that I find obvious. The Verano has way more legroom and fits me (a big guy) much better than the Mazda 3. I could drive either one but the Verano is much more comfortable by a long shot for me. When I was younger I wanted a fast car. Now I don't care about that. I want ...
by Masterblaster
Tue Aug 08, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 21833

Re: Life at crossroads. What would you do ?

While your present situation may seem grim, you'll work through it and be better for it. Regarding the three hour commute. I have been doing exactly that for way too long and can vouch that it can indeed be done. If the job is right then don't let a long commute be the spoiler. It does take some get...
by Masterblaster
Tue Aug 08, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1910

Re: How much do you think we need?

$50k/year pensions + ~$10k/year rent(s) + $80k/year (4%SWR from $2MM portfolio) = ~$140k/year. Add in whatever Social Security may or may not pay out. Looks like you are in great shape ! If you get tired of working, just maybe think about what it would mean to live on less than your projection and d...
by Masterblaster
Tue Aug 08, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 2491

Re: Question for Buick Verano (non turbo) or Mazda3 owners

camden wrote:Sometimes when I read car threads on this forum, I get the impression that no one ever has a good experience with American cars. I've had four; a '67 Mustang, a '83 Camaro, and two Pontiac Grand Prix, '90 and 2002. Had good results with all of them.
I concur. American metal is often overlooked.
by Masterblaster
Mon Aug 07, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with financial anxiety?
Replies: 40
Views: 3995

Re: How do you deal with financial anxiety?

Rather than look at your potential portfolio loss of so many (perhaps large amount of) dollars, Look at after tax income including Social Security and other passive income (if any). When you do that 2 things become obvious... 1) losses don't affect your after-tax spendable income as much as you'd th...
by Masterblaster
Mon Aug 07, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Medicare Cost to Original/tradional medicare?
Replies: 5
Views: 824

Re: Switching from Medicare Cost to Original/tradional medicare?

"“The key difference between Medicare Cost plans and other types of Medicare plans is that enrollees are not restricted to the plan’s network of providers. They can go outside the network to receive Medicare-covered services,” says David Lipschutz, senior policy attorney at the Center for Medicare ...
by Masterblaster
Wed Aug 02, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 619
Views: 75267

Re: How much money do you need to retire?

When I had 800k 4 years ago or so I thought 2m was my number and I did feel a lot of freedom / less stress when we hit that. Many people do this. Once they hit their number they move the goal higher. It's called hedonistic adaptation. And those that do it tend to suffer, but suffer in more comfort ...
by Masterblaster
Wed Aug 02, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Will my older self thank me?
Replies: 38
Views: 3824

Re: Will my older self thank me?

The way I look at it, If your friends aren't making fun of you then you are not saving enough ! And yes, your older self will really thank you. The thing about (eventually) becoming financially independent is that it will give you many choices for how to live your life. And the added benefit that is...
by Masterblaster
Tue Aug 01, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Index fund In-Kind (non taxable) transfer from one Institution to Another
Replies: 5
Views: 441

Index fund In-Kind (non taxable) transfer from one Institution to Another

Can I Transfer Total Market Index funds in-Kind (non taxable) from one Institution to another ? I have a sizable (non qualified/after tax) position in the T-Rowe Price POMIX (Total US market Index) fund with expense ratio of around 30 basis points. I would like to transfer these to a much lower cost...
by Masterblaster
Fri Jun 30, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 54
Views: 5018

Re: Buying a dishwasher

If you remove the filter and clean it occasionally (as the dw instructions note you should do) you won't have a problem. It's good practice anyway. I don't think the OP is going to solve his problem by purchasing old technology, but that's just MHO... Again - If you doubt my take on the filter clog...
by Masterblaster
Fri Jun 30, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 54
Views: 5018

Re: Buying a dishwasher

Spend the money for a quiet one. If you buy one of those super "quiet" models be prepared to deal with clogged filters and issues with poor cleaning. If you can stand a bit of noise a model with an older technology erator (mini disposal) will not have the clogged/performance issues and generally pe...
by Masterblaster
Mon Jun 19, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: 28, Single, No Debt, Seeking Portfolio Advice
Replies: 22
Views: 3872

Re: 28, Single, No Debt, Seeking Portfolio Advice

If you do after tax contributions they can be later (provided your employer allows) rolled into a Roth IRA as in service withdrawals. That's the so-called backdoor Roth-IRA. Note that any gains from the after tax contributions can either be split off into a ordinary (taxable) IRA or can be distribut...
by Masterblaster
Mon Jun 12, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement planning when future income needs are met by pensions/social security.
Replies: 16
Views: 2610

Re: Early retirement planning when future income needs are met by pensions/social security.

This is a classic case suggesting the utility of a 20 year SPIA paying $50k per year from age 50 to 70 with subsequent CPI inflation adjustment.

I suspect if you price one out you could get one for perhaps $800k or so ??? Call up Vanguard, they'll get you one for a low price and low fees.
by Masterblaster
Mon Jun 05, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Achieving Balance: Targeting Top of 15%
Replies: 13
Views: 2148

Re: Achieving Balance: Targeting Top of 15%

How much for now ? How much for later ? Those are tough questions to answer in some sort of optimal fashion. For what it's worth some people (eg Laurence Kotlikoff) believe that you should plan for life-long level spending (balance in your words). The idea is to save enough (just enough) now such th...
by Masterblaster
Fri Jun 02, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 29
Views: 20542

Re: Has anyone purchased a car from Carvana.com?

I took a look at a few used cars on Carvana and Vroom. If you absolutely hate haggling with "Guido the closer" then these websites (or CarMax) are for you. Be informed though that you'll pay a couple thousand more than you need to for the service. Those prices struck me as ridiculously high. Perhaps...
by Masterblaster
Thu Jun 01, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 67
Views: 6408

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

There are many YouTube videos available about changing cabin air filters. I watched a few and then did it myself. It took all of 10 minutes or so.

The dealer wanted over a hundred dollars to do it. I changed it myself for around $20.
by Masterblaster
Wed May 31, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: TSM Dividend Yield Change
Replies: 11
Views: 1818

Re: TSM Dividend Yield Change

Hi folks, So, here's my question: I'm assuming that if the market drops by 50% at the NEXT dividend date and the value of your ETF equity is $50, and NO company adjusted/canceled its dividend, the dividend yield would be 4% and you'd STILL get $2 on the next dividend date. Correct? Unfortunately, w...
by Masterblaster
Wed May 31, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: General question of balance and compromise
Replies: 26
Views: 2646

Re: General question of balance and compromise

First off, as others may have pointed out, spending and happiness aren't the same and are only weakly correlated. Some believe (e.g. Laurence Kotlikoff et al) that you should plan for lifelong level spending to achieve your optimal lifelong nirvana. If you can estimate a safe planning lifespan, and ...
by Masterblaster
Wed May 31, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer without an in person interview
Replies: 41
Views: 7442

Re: Job offer without an in person interview

What if you show up having not been there and ... your Manager and several of your Team members have Leprosy or Ebola ?
by Masterblaster
Mon May 01, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity retirement planning
Replies: 22
Views: 3418

Re: Fidelity retirement planning

I was kind of underwhelmed by the in-person Fidelity Planning representative assigned to me. We spoke of the Fidelity planning tool and of retirement issues in general. No big revelations from the planning process. There was (apparently) no expertise there on tax strategies or of rental real estate....
by Masterblaster
Wed Mar 29, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: quickest or best way to learn Spanish?
Replies: 39
Views: 4858

Re: quickest or best way to learn Spanish?

You too can learn Spanish right on this forum:

escucha y repite

Hola Paco Que Ta ?

<Paco >Esta Bein

Y la familia ?

<Paco> La Familia esta bein

Dame tu dinero por favor

<Paco> No tengo dinero para dar. l casó un derrochador

Usted debería haber casado con un BogleHead
by Masterblaster
Tue Jan 31, 2017 6:52 pm
Forum: Personal Consumer Issues
Topic: Car Guy question
Replies: 61
Views: 7738

Re: Car Guy question

Since nobody has mentioned this, I'll bring it up. Getting a car to a repair facility and picking up the car can be/is a real pain ! If you have to do it often I really feel your pain ! Being stranded by an aging car gets pretty old pretty fast. When I used to drive older cars these things happened ...