Search found 956 matches

by MathIsMyWayr
Fri Nov 15, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Study ranks 4,500 colleges by net present value of 40 year ROI
Replies: 32
Views: 3917

Re: Can you guess what this ranked list of colleges is?

Why does one go to college? To make money or to gain an education? Or both? If both, what are the percentages for each goal? Such clarifying questions hopefully would lead to a school choice consistent with one's goals. Or am I misunderstanding the purposes & goals of this article? Prior to WW2, it...
by MathIsMyWayr
Thu Nov 14, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Higher or Lower Basis first?
Replies: 17
Views: 586

Re: Sell Higher or Lower Basis first?

The only reason for the difference is tax. Since tax is not desirable, your goad should be to minimize the tax bite for both short and long term.
by MathIsMyWayr
Thu Nov 14, 2019 6:54 pm
Forum: Personal Investments
Topic: After tax 401k worth
Replies: 30
Views: 1878

Re: After tax 401k worth

It would not make any sense to put money in taxable account if the 401k after tax comes with automatic in plan roth rollover feature with in service distributions . Please re-read this. Essentially one is funding taxable/after tax 401k after taxes paid. One will grow tax free, the other taxes will ...
by MathIsMyWayr
Wed Nov 13, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Months Leading up to Retirement
Replies: 19
Views: 1721

Re: Months Leading up to Retirement

Isn't it a good idea to collect the information (phone number, e-mail address, mail address,,,) of key contacts such as HR, benefits (both internal and external), etc? Once you leave work, you may have difficulty in getting those info.
by MathIsMyWayr
Wed Nov 13, 2019 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?
Replies: 21
Views: 2756

Re: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?

Ours, for the outer SF Bay area: Mortgage (P&I) $2,355 Taxes & Insurance: $850 Comcast $125 Gas & Electric $125 Water $14 Garbage $30 Cell phones: $105, 3 lines (2 phones, 1 iPad) Auto Insurance: $320 Housekeeper $150 Gardener $65 Groceries $350 Costco $225 Eating Out $300 Entertainment $50 Pet and...
by MathIsMyWayr
Wed Nov 13, 2019 12:39 am
Forum: Personal Consumer Issues
Topic: Blankets/Bedding for Cold Winter Nights
Replies: 56
Views: 3438

Re: Blankets/Bedding for Cold Winter Nights

US army field blanket from a military surplus store. Not pretty, but does the best job. Rugged.
by MathIsMyWayr
Tue Nov 12, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

CobraKai, And, you are the source of this problem. You cover up the understaffed problem by overworking. Hence, no new staff is needed. Since you work extra for free, no new budget is needed to solve the problem either. KlangFool Or they could fire CobraKai and replace him with one of many people w...
by MathIsMyWayr
Mon Nov 11, 2019 10:08 pm
Forum: Personal Investments
Topic: Asset Allocation for larger portfolio
Replies: 29
Views: 1923

Re: Asset Allocation for larger portfolio

A large savings open up more possibilities. If 20 years' expenses are in FI, then how to invest the rest is up to your preference. One answer is not better than the other.
by MathIsMyWayr
Mon Nov 11, 2019 10:08 pm
Forum: Personal Investments
Topic: Asset Allocation for larger portfolio
Replies: 29
Views: 1923

Re: Asset Allocation for larger portfolio

A large savings open up more possibilities. If 20 years' expenses are in FI, then how to invest the rest is up to your preference. One answer is not better than the other.
by MathIsMyWayr
Mon Nov 11, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 153
Views: 31946

Re: Anyone want to share their monthly budget? Here's ours

Rent (includes water, trash, etc.): $846 Electricity: $54 Rent insurance: $11 Phone: $24 Internet: $20 Groceries/Dining: $49 Bus/Uber/Lyft: $8 Misc: $18 Medical/Dental (with employer): $64 No car. Monthly expenses: $1,094 Income is $73k. Nice job. Can you elaborate on how you manage to keep your mo...
by MathIsMyWayr
Mon Nov 11, 2019 6:39 pm
Forum: Personal Consumer Issues
Topic: Water hammer
Replies: 27
Views: 2088

Re: Water hammer

A garden hose pressure release valve does similar things if you forget to close the water outlet valve.
by MathIsMyWayr
Mon Nov 11, 2019 5:30 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13222

Re: Spend It All vs. Leave $$ for the Kids

JoeRetire wrote:
Mon Nov 11, 2019 2:16 pm
Ron wrote:
Mon Nov 11, 2019 1:41 pm
How do you know how much to spend if you want to spend it all? :twisted:
It's a pretty simple equation:

"how much to spend" = "all"
Bill Gates has $106B. If he spends it all today, poor Bill will be broke from tomorrow.
by MathIsMyWayr
Mon Nov 11, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: How donating appreciated stocks save taxes?
Replies: 13
Views: 696

Re: How donating appreciated stocks save taxes?

Let's consider an example: $1,000 stock with a value of $700 after tax.
1) Donate $700 cash: You are out $700. Charity gets $700.
2) Donate the stock: You are out $700. Charity gets $1,000.
For you, it is a wash, but charity gets more for the same amount of cost to you if you donate a stock.
by MathIsMyWayr
Mon Nov 11, 2019 3:20 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 124
Views: 7499

Re: Investing $140k in cash at 1k per week

Question: If you had 140k already invested today, would you withdraw all of it in cash now, and slowly reinvest? Or, just leave it? I often run into this analogy regarding lump sum vs. DCA investment. "withdraw all of it in cash now, and slowly reinvest" is lump sum out and DCA in. If you truly bel...
by MathIsMyWayr
Mon Nov 11, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6922

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

He is 34 years old, ... He is currently working at a job he hates making $55k pretax per year... I think he can comfortably quit his job. He thinks he needs to “slave away” for longer. Why doesn't he get some education and find a desirable job which he does not hate and he does not feel " slaving a...
by MathIsMyWayr
Sun Nov 10, 2019 10:27 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13222

Re: Spend It All vs. Leave $$ for the Kids

Find most of these replies odd... in that it somewhat assumes that the money would be left to very young people (children/ young adults) .... which would be far from the norm. Much more likely an inheritance to be going to middle-aged / nearing retirement / in retirement descendants. By that point ...
by MathIsMyWayr
Sun Nov 10, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

Any way, you failed to understand the statement " how they spend the rest of the day ." It is not about " slavering at work ", but about improving yourself, in a sense, not depending on your current job or current employer for your career. MathIsMyWayr, Then, it is out of the current topic. OP is a...
by MathIsMyWayr
Sun Nov 10, 2019 2:03 pm
Forum: Personal Investments
Topic: Dilemma: After-tax 401K to Roth IRA, limited allocation for all 401K "types".
Replies: 18
Views: 974

Re: Dilemma: After-tax 401K to Roth IRA, limited allocation for all 401K "types".

I want to start backdooring into a Roth IRA. My plan is to contribute to the "after-tax" 401K that I'm offered through work (managed by Fidelity). I'm allowed quarterly, in-service, Roth conversions. However, I've recently discovered a fly in the ointment of my plans. I'm only allowed a single, "gl...
by MathIsMyWayr
Sun Nov 10, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

It may depend on the nature of a job, but an exempt employee is hired to own a job, not just to work for the job. He should act like an owner while being employed at the employer. Somebody, a former Bell Telephone Labs. president(?), used to tell incoming hires that their career depend not on the 8...
by MathIsMyWayr
Sun Nov 10, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

It may depend on the nature of a job, but an exempt employee is hired to own a job, not just to work for the job. He should act like an owner while being employed at the employer. Somebody, a former Bell Telephone Labs. president(?), used to tell incoming hires that their career depend not on the 8...
by MathIsMyWayr
Sun Nov 10, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

That is true. There is so much that we maintain, and we are understaffed, and there is a lack of knowledge sharing. CobraKai, And, you are the source of this problem. You cover up the understaffed problem by overworking. Hence, no new staff is needed. Since you work extra for free, no new budget is...
by MathIsMyWayr
Sun Nov 10, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

That is true. There is so much that we maintain, and we are understaffed, and there is a lack of knowledge sharing. CobraKai, And, you are the source of this problem. You cover up the understaffed problem by overworking. Hence, no new staff is needed. Since you work extra for free, no new budget is...
by MathIsMyWayr
Sun Nov 10, 2019 9:08 am
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1330

Re: Should I use my 457(b)? Worried about disbursement options...

use the 457 for tax-deferral but change one of the 403b's to Roth . My point is that it is possible to have too much in tax-deferred accounts. This might happen if they fill 3 tax-deferred accounts each year for many years. Whether it will happen in this case is unknown but that possibility should ...
by MathIsMyWayr
Sun Nov 10, 2019 8:37 am
Forum: Personal Investments
Topic: Should I use my 457(b)? Worried about disbursement options...
Replies: 32
Views: 1330

Re: Should I use my 457(b)? Worried about disbursement options...

This is where you are thinking incorrectly. There is no benefit. It works out exactly the same. Example. Imagine that you have $10k to invest. If you invest $10k and it doubles to $20k over the intervening years and is then taxed at 25%, you end up with $15k in your account. If you pay 25% tax on y...
by MathIsMyWayr
Sun Nov 10, 2019 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Retire or work again?
Replies: 23
Views: 2835

Re: Retire or work again?

You are in an enviable position in which work is optional. Now, you have to ask yourself how you want to spend the remaining years of your life, yes, remaining years since life will end eventually. Have you found a passion in life yet? Though "slaving at work" is a mantra often heard on this board, ...
by MathIsMyWayr
Sat Nov 09, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2517
Views: 463751

Re: What are you up YTD? [Year To Date]

21% YTD (11/08/19)
by MathIsMyWayr
Sat Nov 09, 2019 6:12 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13222

Re: Spend It All vs. Leave $$ for the Kids

Parents can provide many things, knowledge but knowledge or skills alone are not the liquid form of exchange in the modern world. Hence, the nature of the question. BTW, not a boomer! Given the choice between wisdom and money, wisdom is robustly superior. Just look at how lottery winners almost uni...
by MathIsMyWayr
Sat Nov 09, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3964

Re: shocking hospital fee estimate

This is our healthcare system. Its also why many of the well-off Bogleheads, "coincidentally" are physicians. I've always thought tech was a better honeypot than medicine. You can get started younger, and with less debt and less overhead. Plus no one dies or sues you. Plus the hours are better and ...
by MathIsMyWayr
Sat Nov 09, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Anyone track their actual pension benefit start date?
Replies: 51
Views: 2884

Re: Anyone track their actual pension benefit start date?

I'm hoping to live long enough to maximize my pension benefit and not be one of the people who pay into the plan for many years and then die soon after retiring. That's exactly what happened to several of my colleagues. A weird incentive for a long life. I also want to live long, but not for the sa...
by MathIsMyWayr
Sat Nov 09, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 35
Views: 3363

Re: Why no one created a etf of dividend free stocks

What happens when that stock starts paying dividends? Seems like a not so smart or long lasting criteria to me. Then you take it out of the index. Stocks get added and subtracted out of indexes all the time. There will be a massive capital gains distribution much more than all the savings from no d...
by MathIsMyWayr
Fri Nov 08, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

If you are an exempt employee, there is not much for you to do about it. I disagreed. I do not take the call and answer my email on my off day. KlangFool Well, it goes both ways. The employer does not track my time at work or check my work mostly, but expects me to meet the mutually set expectation...
by MathIsMyWayr
Fri Nov 08, 2019 12:51 pm
Forum: Personal Investments
Topic: TSP Contributions - Retiring Mid Year
Replies: 16
Views: 1076

Re: TSP Contributions - Retiring Mid Year

I have been in a similar situation of leaving in the middle of a year for some time. I subtract the full yearly amount of the employee contribution to get the maximum employer match from the maximum annual employee contribution amount. I try to accelerate the contribution of the remainder on top of ...
by MathIsMyWayr
Fri Nov 08, 2019 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5885

Re: Any way to "forfeit" income to avoid IRMAA cliff

Can you buy a number of super-volatile stocks and wait for any of them to drop in price for a loss?
by MathIsMyWayr
Wed Nov 06, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2841

Re: Cost basis step up on death of spouse?

Some properties are titled under an individual and I am not sure whether the ownership may be changed easily. Examples are company stocks acquired through ESPP and RSU after marriage. Are they also stepped up in a community property state? Folks, classifying property as community or separate is sta...
by MathIsMyWayr
Wed Nov 06, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2841

Re: Cost basis step up on death of spouse?

For community property state, what if account is not joint account? If the property is acquired during marriage, not by gift or inheritance, it is presumed to be community property. Leaving the titling of real estate aside, I think that even if you hold community property in an individual account, ...
by MathIsMyWayr
Tue Nov 05, 2019 1:48 am
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9150

Re: How much money is really needed in retirement?

Chicken & Egg Question (Q): How much money is really needed in retirement? Answer (BH): Tell me your expenses in retirement. (Q): I am in my 30s. I don't have a faintest idea what the expenses will be 30 years from now. (BH): Tell me your expenses in retirement. (Q): If I knew expenses, it is a piec...
by MathIsMyWayr
Sun Nov 03, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3037

Re: Article on Dividends (J Clements)

On an individual investor level, total return counts, not dividends. On the entire aggregate investors' level, the only gain is dividends flowing out from companies. Share price appreciation is a zero sum.
by MathIsMyWayr
Sat Nov 02, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Salary paid directly to daf
Replies: 8
Views: 1015

Re: Salary paid directly to daf

The short answer is NO.
Please refer to the link below for a related topic:
"Charitable Contributions in Lieu of Compensation/Payment for Services"
https://policy.nd.edu/assets/185204/cha ... y_2015.pdf
by MathIsMyWayr
Sat Nov 02, 2019 7:00 am
Forum: Personal Investments
Topic: Quick RMD Question
Replies: 14
Views: 1731

Re: Quick RMD Question

On a silly but practical side, how can I know the balance of my IRA or 401(k) on Dec. 31, last year if I don't keep track of them? Do I have to ask the account custodians, for example, Fidelity?
by MathIsMyWayr
Fri Nov 01, 2019 9:53 pm
Forum: Personal Investments
Topic: Refinance to 15 yr fixed?
Replies: 16
Views: 1216

Re: Refinance to 15 yr fixed?

Your math is right and need only high school math. You only have to consider the following numbers: $2,466 per month for the next 23 years $40k up front $409 (mortgage payment difference for the the next 15 years). If your annual return is over 5.03% nominal (not real), refinancing is profitable. I ...
by MathIsMyWayr
Fri Nov 01, 2019 9:24 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5046

Re: Do you consider pensions as part of your overall asset allocation?

grabiner wrote:
Fri Nov 01, 2019 9:10 pm
A pension is not part of your asset allocation, but it allows you to have a more aggressive asset allocation.
I agree on both points, but it also eliminates the need for an aggressive asset allocation.
by MathIsMyWayr
Fri Nov 01, 2019 1:17 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 53
Views: 2384

Re: Roth 401K or Taxable

But does a ROTH dollar where you have to wait 2 years to put it in the ROTH beat out a taxable dollar? I vote yes but it might be close depending on future tax rates. Perhaps I misunderstood OP, but I think s/he is saying the after-tax 401k contributions are going immediately to a Roth 401k (via in...
by MathIsMyWayr
Thu Oct 31, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3046

Re: Taxes on Bonus

Bonuses are ordinary income and subject to income and payroll taxes just like other wages. The percentages you quoted are just withholding rates. Withholding rates are higher on bonuses because salary is subject to the standard deduction and lower marginal rates. You settle the difference with your...
by MathIsMyWayr
Mon Oct 28, 2019 1:10 am
Forum: Personal Consumer Issues
Topic: Is this new to engineering job hunting?
Replies: 33
Views: 4238

Re: Is this new to engineering job hunting?

My son was graduated as an electrical engineer/minor in mathematics this past spring and was able to obtain a job right away at where he was interned, but its an intern job not a full time. He discovered that many engineers he works with are consultants, afew of them left the company and afew of ne...
by MathIsMyWayr
Sun Oct 27, 2019 7:44 pm
Forum: Personal Investments
Topic: Taditional 401K Vs Roth 401K for a resident physician?
Replies: 20
Views: 1215

Re: Taditional 401K Vs Roth 401K for a resident physician?

Sounds like a good plan.....only reason for the monthly calls is to prevent her from having any significant gains in the account prior to her in-service rollover. Gains on the after-tax contribution are considered pretax (while in the DCP) and I believe can’t be separated from the after-tax portion...
by MathIsMyWayr
Sun Oct 27, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: "Full Health Insurance" Coverage via Medicare
Replies: 22
Views: 1819

Re: "Full Health Insurance" Coverage via Medicare

My observation is that for top bracket taxpayers (high IRMAA), the cost of Medicare plus a good Plan F supplement plus a Part D plan total almost $1000 per month per recipient. $461.00 (B) + $77.40 (D) + $200? (F) = $738.40? per month person That looks like a crazy high drug plan to me, unless it a...
by MathIsMyWayr
Sun Oct 27, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29676

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

BTW one comment I can give you regarding your circumstance - you mentioned that you plan to use your Roth IRA as a way to finance your daughters college. I dont think you would need to do that. At your AGI, your daughter would have a free ride at any of the top colleges if she gets admitted. I dont...
by MathIsMyWayr
Sun Oct 27, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Full Health Insurance" Coverage via Medicare
Replies: 22
Views: 1819

Re: "Full Health Insurance" Coverage via Medicare

Leesbro63 wrote:
Sun Oct 27, 2019 12:23 pm
My observation is that for top bracket taxpayers (high IRMAA), the cost of Medicare plus a good Plan F supplement plus a Part D plan total almost $1000 per month per recipient.
$461.00 (B) + $77.40 (D) + $200? (F) = $738.40? per month person
by MathIsMyWayr
Sun Oct 27, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff
Replies: 55
Views: 3995

Re: Mortgage payoff

Also, it may likely be a very good idea to have that mortgage fully paid before you start Social Security so as to minimize taxes. I don't think I understand this. Are you saying that having a mortgage payment while collecting Social Security somehow results in higher taxes? The percentage of SS be...