Search found 2152 matches

by MathIsMyWayr
Sun Sep 27, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tech/IT to govt jobs
Replies: 63
Views: 4034

Re: Tech/IT to govt jobs

In DC, a GS-14 step 1 comes in about $121k. Unless you're willing to take a 50% pay cut, I wouldn't bother looking at fed jobs. Would someone with 20 years IT experience come in as a GS-14 step 1? I think the OP would be able to negotiate a bit. As a gross generalization, GS-15s fall into one of th...
by MathIsMyWayr
Sun Sep 27, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tech/IT to govt jobs
Replies: 63
Views: 4034

Re: Tech/IT to govt jobs

In DC, a GS-14 step 1 comes in about $121k. Unless you're willing to take a 50% pay cut, I wouldn't bother looking at fed jobs. Would someone with 20 years IT experience come in as a GS-14 step 1? I think the OP would be able to negotiate a bit. As a gross generalization, GS-15s fall into one of th...
by MathIsMyWayr
Sun Sep 27, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 31
Views: 2137

Re: Medigap Insurance Premium Increase

I notice that there is a huge spread in the Medigap insurance premiums cited in the thread, almost by a factor of 10. What is the reason behind the spread? There are several different plans with different levels of coverage. That influences premiums. Also premiums are affected by age for most plans...
by MathIsMyWayr
Sun Sep 27, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 31
Views: 2137

Re: Medigap Insurance Premium Increase

I notice that there is a huge spread in the Medigap insurance premiums cited in the thread, almost by a factor of 10. What is the reason behind the spread?
by MathIsMyWayr
Sun Sep 27, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 77
Views: 6087

Re: Were you nervous when you retired?

billthecat wrote: Sun Sep 27, 2020 1:20 pm ... What would get you out of bed enthusiastically to see what the day has to offer, like when you were a kid? Remember what that was like?
jginseattle wrote: Sun Sep 27, 2020 2:34 pm ... I keep myself busy in retirement.
During retirement: trying to keep busy with a lot of free time.
Before retirement: trying to find time while busy.
by MathIsMyWayr
Sat Sep 26, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to get company 401K matching after maxed out
Replies: 24
Views: 2466

Re: How to get company 401K matching after maxed out

You've gone over the 19.5k limit for pre-tax or Roth ? Or you have exceeded the 57k (?) limit on total contributions ? If only the former, can't you contribute "after tax" money to the new company 401k to get the match ? Others here could confirm. It's plan dependent, some (many?) 401k plans do not...
by MathIsMyWayr
Sat Sep 26, 2020 6:32 am
Forum: Personal Investments
Topic: Pay more on 2.49% car loan or invest in taxable?
Replies: 33
Views: 2515

Re: Pay more on 2.49% car loan or invest in taxable?

The car depreciates regardless of how you pay for it. That’s more an issue of purchasing a car that’s the right price you can afford. There’s nothing really wrong with financing a depreciating asset unless you think there’s a high probability you could be forced to sell it underwater and doing so w...
by MathIsMyWayr
Sat Sep 26, 2020 2:55 am
Forum: Personal Consumer Issues
Topic: Possible Relocation to Columbus, OH Area
Replies: 46
Views: 3195

Re: Possible Relocation to Columbus, OH Area

Don't overthink. The place where you live now or plan to move to is the best place for you. There are many who are happy there.
by MathIsMyWayr
Fri Sep 25, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Excel 2019 instructions
Replies: 11
Views: 896

Re: Excel 2019 instructions

You don't learn computer languages/applications/software unless you have problems to solve which are dear to you. Proficiency with them is not a knowledge, but just a skill. Use it or lose it.
by MathIsMyWayr
Fri Sep 25, 2020 12:44 am
Forum: Personal Investments
Topic: How to get $200,000 into the market (dollar cost averaging or...)
Replies: 40
Views: 3354

Re: How to get $200,000 into the market (dollar cost averaging or...)

We buy our portfolios every day. If the market drops 10% you lose 10%. It doesn't matter if you've been invested for 10 years or 10 minutes. Hold your nose and jump in If you mindlessly cash all out and all in some time later every day, you are doing nothing except creating periodic gaps in investi...
by MathIsMyWayr
Fri Sep 25, 2020 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 116
Views: 9841

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Just opened a few No Penalty CD's @ .75 These rates keep dropping. 😡 Are you sure there is no early withdrawal penalty? According to Ally web site, there is a penalty of 60 days of interest for CDs of 24 months or less duration with an exception, " We'll waive the early withdrawal penalty if the de...
by MathIsMyWayr
Thu Sep 24, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 116
Views: 9841

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Just opened a few No Penalty CD's @ .75 These rates keep dropping. 😡 Are you sure there is no early withdrawal penalty? According to Ally web site, there is a penalty of 60 days of interest for CDs of 24 months or less duration with an exception, " We'll waive the early withdrawal penalty if the de...
by MathIsMyWayr
Thu Sep 24, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 116
Views: 9841

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

When it went to 1% I cleaned out our cash EF almost completely to pay off the mortgage, now it is just a holding spot so we can max out Roths and 529s the first of every year. More to VTSAX. Honest question, why the 1% cutoff? it was at 1.25% for a bit IIRC, why not then? anything sub 3% is histori...
by MathIsMyWayr
Thu Sep 24, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 116
Views: 9841

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

What is the downside of converting most of the savings account to a number of no penalty CDs? Can I still make transactions at Vangurd directly from CD or do I have sell CD and put the proceeds to savings first?
by MathIsMyWayr
Thu Sep 24, 2020 2:53 am
Forum: Investing - Theory, News & General
Topic: Dividends and the 3.8% NII Tax
Replies: 6
Views: 758

Re: Dividends and the 3.8% NII Tax

8. What is included in Net Investment Income? In general, investment income includes, but is not limited to: interest, dividends, capital gains, rental and royalty income, non-qualified annuities, income from businesses involved in trading of financial instruments or commodities and businesses that...
by MathIsMyWayr
Wed Sep 23, 2020 3:11 pm
Forum: Personal Investments
Topic: Examples of High Yielding Stocks that did not cut dividend
Replies: 8
Views: 953

Re: Examples of High Yielding Stocks that did not cut dividend

How do you tell whether a management team is good or not? They used to say that the management teams were superb at compamies like GE, IBM, and more recently Intel.
by MathIsMyWayr
Tue Sep 22, 2020 10:43 pm
Forum: Personal Investments
Topic: Updated: Personal Finance Advice for New PhD
Replies: 30
Views: 1856

Re: Updated: Personal Finance Advice for New PhD

I don't understand why you are even fixated on retirement savings. Both of you are now holding postdoc positions and they are not "permanent", but only temporary. You should focus on your careers instead. Please remember that your specialty/major may become irrelevant only after 5-10 years unless yo...
by MathIsMyWayr
Mon Sep 21, 2020 11:23 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7295

Re: Why buy medical insurance ?

Was reading another thread about in-network doctors refusing to honor the contract prices. Also facing layoff in my 50s (refusing to relo with employer and thinking FIRE instead). Given cost of Cobra and ACA without subsidy,thinking whether it makes sense to self-insure. Assume 2,000/mo unsubsidize...
by MathIsMyWayr
Mon Sep 21, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7295

Re: Why buy medical insurance ?

Don't worry. After you drain every single penny you have, it will be a turn of tax payers and they will feed you.
https://www.marketwatch.com/story/break ... 2020-06-16
by MathIsMyWayr
Mon Sep 21, 2020 9:19 pm
Forum: Personal Investments
Topic: Could a downturn be a good thing for inherited IRAs?
Replies: 15
Views: 1347

Re: Could a downturn be a good thing for inherited IRAs?

If you invest with cash such as earnings, you get a bargain during a downturn. If you exchange investments such as from IRA to another investment, it does not matter because both will be down by the same percentage as long as you don't cross tax brackets. Wouldn’t you end up paying the LT rates in ...
by MathIsMyWayr
Mon Sep 21, 2020 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3747

Re: Any retirees thought about cutting spending in March 2020?

We never thought of cutting our spending. So I guess no travel or eating out in your budget? We haven't traveled during the pandemic. That had nothing at all to do with cutting spending - we have no need to do that. We have plenty of money such that a down market doesn't worry us. We have eaten out...
by MathIsMyWayr
Mon Sep 21, 2020 2:06 am
Forum: Personal Investments
Topic: Could a downturn be a good thing for inherited IRAs?
Replies: 15
Views: 1347

Re: Could a downturn be a good thing for inherited IRAs?

If you invest with cash such as earnings, you get a bargain during a downturn. If you exchange investments such as from IRA to another investment, it does not matter because both will be down by the same percentage as long as you don't cross tax brackets.
by MathIsMyWayr
Sun Sep 20, 2020 7:26 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 251
Views: 32056

Re: Roll Call for the Retirement Class of 2020!

Retired from the Civil Service at the end of 2011, but then immediately went to work half time at a local university. When covid-19 came along, shifted to working from home. Now have no interest in setting foot on campus again. College students think they are invincible. Fully pulled the plug on 24...
by MathIsMyWayr
Sun Sep 20, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: The WR in practice [Withdrawal Rate]
Replies: 67
Views: 3922

Re: The WR in practice [Withdrawal Rate]

I just want to know FOR SURE that I can cover all of my basic expenses at 35k (plus adjusting for inflation going forward). Everything else I'm going to be working for (if I need a new computer,new car, a vacation , etc). I laughed at this! You are going to work so you can take time off? And during...
by MathIsMyWayr
Sun Sep 20, 2020 2:45 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1577

Re: Maximum age to open traditional IRA?

I am NOT a SECURE Act guru, but this was pre-COVID. As far as I know, this is permanent. As far as I know, there was no change for income limits (although there usually is a change each new year outside of this act). Once you hit the RMD age, you have to take an RMD and may also contribute to IRA. ...
by MathIsMyWayr
Sun Sep 20, 2020 2:08 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1577

Re: Maximum age to open traditional IRA?

I am NOT a SECURE Act guru, but this was pre-COVID. As far as I know, this is permanent. As far as I know, there was no change for income limits (although there usually is a change each new year outside of this act). Once you hit the RMD age, you have to take an RMD and may also contribute to IRA.
by MathIsMyWayr
Sat Sep 19, 2020 1:52 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2291

Re: Strategies for scenarios when using taxable with no EF

Interesting that KlangFool and livesoft have such quite opposite views on EF/taxable accounts for drawing (large) expenses from. I would like to hear their rationale for their choices. If it is largely from the size of the dividends from the taxable accounts relative to the expenses, will 50% or 25...
by MathIsMyWayr
Sat Sep 19, 2020 8:50 am
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2291

Re: Strategies for scenarios when using taxable with no EF

Interesting that KlangFool and livesoft have such quite opposite views on EF/taxable accounts for drawing (large) expenses from. I would like to hear their rationale for their choices. If it is largely from the size of the dividends from the taxable accounts relative to the expenses, will 50% or 25%...
by MathIsMyWayr
Fri Sep 18, 2020 10:56 pm
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14460

Re: Anybody else enjoy sitting around and doing little in retirement?

3rd year of retirement - get up around 7, feed the colony of community cats we look after, do some housework in the am, drink some coffee, catch up on the news. I do the shopping and cooking and walk 2 to3 miles in the afternoon, and play golf once or twice a week. The next thing on the do list is ...
by MathIsMyWayr
Thu Sep 17, 2020 9:43 am
Forum: Personal Investments
Topic: ESPP: transfer availability date
Replies: 3
Views: 243

Re: ESPP: transfer availability date

Explained (better than I can) here: https://www.thebalance.com/employee-stock-purchase-plans-3192974 Essentially it makes your disposition non-qualifying. No, a company plan cannot determine qualifying or non-qualifying disposition. It is specified in code 423. According to Fidelity ESPP document: ...
by MathIsMyWayr
Thu Sep 17, 2020 6:57 am
Forum: Personal Investments
Topic: ESPP: transfer availability date
Replies: 3
Views: 243

ESPP: transfer availability date

Shares of a company's stock acquired through a qualified Section 423 stock purchase plan (ESPP) are subject to a "Restriction Period" in accordance with the company's stock plan rules. In my company's case, there are two dates: Sale Availability and Transfer Availability dates. The sale availability...
by MathIsMyWayr
Thu Sep 17, 2020 12:00 am
Forum: Personal Finance (Not Investing)
Topic: What are some non investment accounts that would make your money work for you
Replies: 6
Views: 1044

Re: What are some non investment accounts that would make your money work for you

Dannyzecca wrote: Wed Sep 16, 2020 7:33 pm What are some good accounts to put your money into that are non investment but will still make your money work for you ?
"investment" to make money.
by MathIsMyWayr
Tue Sep 15, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50803

Re: How to get over finance envy

I just tell myself all of those people make a lot more money than me and therefore can live better. True or not, it’s a logical answer to an ancient question. Good point. Don’t assume those who spend money on luxuries are over extended. Some people frankly are doing better than you. The neighbor wh...
by MathIsMyWayr
Tue Sep 15, 2020 10:00 am
Forum: Personal Consumer Issues
Topic: Limited Purpose FSA: What to Buy with Excess Funds?
Replies: 17
Views: 908

Re: Limited Purpose FSA: What to Buy with Excess Funds?

You could buy 2/3 of his stash of dental floss https://www.bogleheads.org/forum/viewtopic.php?f=11&t=317809 It would be appropriate for the tax authorities to soften the FSA rules in these unprecedented times. Luckily (?) I had initiated an expensive procedure early in 2020 so avoided the COVID del...
by MathIsMyWayr
Mon Sep 14, 2020 10:51 pm
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1312

Re: Allocation at RMD

Thanks for responding. Taxable and Tax Deferred are approximately the same dollars. I am asking if I should decrease equities in the tax deferred and increase equities in the taxable account sooner rather than later to prevent further growth in the tax deferred. It's seems a little contradictory, b...
by MathIsMyWayr
Mon Sep 14, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14280

Re: Paying off sub 4% mortgage interest rate early

Where I get hung up a bit is on the fact that a house is not a risk-free asset, and it is one that is almost always owned via leverage. Thus, paying down the mortgage isn’t necessarily a “risk free” proposition in terms of ultimately realizing the return on your investment, which only happens after...
by MathIsMyWayr
Sun Sep 13, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Net Worth in the 1% by age?
Replies: 42
Views: 5156

Re: Anyone have a Net Worth in the 1% by age?

I found Thomas Stanley's, the author of The Millionaire Next Door books, description of how the entrepreneurial millionaires he studied advised their children regarding their occupations to be highly interesting. Many rightly recognized that their success had a lot to do with being in the right pla...
by MathIsMyWayr
Sun Sep 13, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Net Worth in the 1% by age?
Replies: 42
Views: 5156

Re: Anyone have a Net Worth in the 1% by age?

Most of those who reach the 1% appear to be very successful entrepreneurs and business executives. With a small side helping of successful law partners and specialist-field docs. But yep, substantial ownership share of a business, big or small, is almost certainly the most common. As it should be. ...
by MathIsMyWayr
Sun Sep 13, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14280

Re: Paying off sub 4% mortgage interest rate early

Unless you are walking away from your home, the value of your collateral has no difference on what you won to the bank. Also that is not my analysis for my house but a simple analysis to make my point which you still miss. You are totally missing the point. Let’s say you purchase a car worth $40,00...
by MathIsMyWayr
Sun Sep 13, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Net Worth in the 1% by age?
Replies: 42
Views: 5156

Re: Anyone have a Net Worth in the 1% by age?

Most of those who reach the 1% appear to be very successful entrepreneurs and business executives. With a small side helping of successful law partners and specialist-field docs. But yep, substantial ownership share of a business, big or small, is almost certainly the most common. As it should be. ...
by MathIsMyWayr
Sun Sep 13, 2020 4:14 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19725

Re: Anyone successfully living off dividends & interest?

Quality dividend paying stocks have been bid up to very high prices which make it more likely they will decline in the future and which lower the dividend yield to yields that poorly compensate for risk. You have that backwards, Scooter57. If the share price declines, but the dividend payout stays ...
by MathIsMyWayr
Sun Sep 13, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5345

Re: Hawaii state tax- too good to be true

I have a CA public pension- defined benefit pension. I have read that I will not be taxed my pension in Hawaii. Doing the Math based on the instructions for filing Hawaii income tax form: Hypothetically- If my Federal AGI is 100k (65k for my pension plus 35k for long term capital gain) My Hawaii AG...
by MathIsMyWayr
Sun Sep 13, 2020 3:24 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19725

Re: Anyone successfully living off dividends & interest?

Very few doctors meet this criterion. (I'm a doctor.) Engineers' (stretch) goal is $5MM and $10MM for doctors. There are two things in favor of medical doctors, higher earnings and (far) more secure employment prospect. Another factor: experience, aka age, also counts favorably for doctors. The two...
by MathIsMyWayr
Sun Sep 13, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: How to focus and keep focused — any recommendations?
Replies: 33
Views: 2072

Re: How to focus and keep focused — any recommendations?

SteadyOne wrote: Sun Sep 13, 2020 1:32 pm I will very much appreciate any recommendations on how to keep focused — books, videos, etc.
With the current level of distractions all around it is quite difficult to stay focused on important tasks, so I will be grateful for any pointers. Thanks!
Turn off videos.
by MathIsMyWayr
Sun Sep 13, 2020 2:13 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19725

Re: Anyone successfully living off dividends & interest?

I am HNW. What is the threshold for crossing into the HNW category these days? I usually associate HNW with successful high earners such as medical doctors. HNW means from around $10MM. Very few doctors meet this criterion. (I'm a doctor.) Engineers' (stretch) goal is $5MM and $10MM for doctors. Th...
by MathIsMyWayr
Sun Sep 13, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5345

Re: Hawaii state tax- too good to be true

As long as it’s a public pension you won’t be taxed . Private pensions are not given the same treatment and are taxed as regular income. This is not true. Private pensions are also excluded from HI state income tax, as long as they are employer funded. Even the employer funded portion of 401k plans...
by MathIsMyWayr
Sun Sep 13, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason not to cash out a small nuisance IRA?
Replies: 12
Views: 832

Re: Any reason not to cash out a small nuisance IRA?

Have $3,500 in an Alliant IRA that I can now take money out of. It's only earning 0.65% when I have some savings accounts over 1%. Annoying to keep track of $3 interest credit every month. Any reason to hold on to it? Taxes wouldn't be an issue. Why do you have to keep track of interest earned in I...
by MathIsMyWayr
Sun Sep 13, 2020 1:12 pm
Forum: Personal Consumer Issues
Topic: Strategy for replacing faucet/toilet water shutoff valves?
Replies: 38
Views: 3022

Re: Strategy for replacing faucet/toilet water shutoff valves?

Normchad wrote: Sun Sep 13, 2020 10:16 am As long as I can turn off the water to my house, I’m good. I can live without water for a day if I need to fix something and the local valve doesn’t work.
Do you have a McDonald's or big stores nearby?
by MathIsMyWayr
Sun Sep 13, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Limited Purpose FSA: What to Buy with Excess Funds?
Replies: 17
Views: 908

Re: Limited Purpose FSA: What to Buy with Excess Funds?

If one has $2000+ of excess funds in a Limited Purpose (Dental/Vision) FSA, what are some large expense ideas to use these funds in a non-wasteful way? Unless you have genuine needs for major dental or vision works, it may be difficult to use up $2,000+ of Limited Purpose (Dental/Vision) FSA. Many ...
by MathIsMyWayr
Sat Sep 12, 2020 11:04 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19725

Re: Anyone successfully living off dividends & interest?

Not sure merely $ 1 million liquid would qualify for HNW. I am almost there and not for a second have I felt someone who is anywhere near HNW. $1 million would put you in the 91st percentile of all US households (as of 2016), according to this calculator . There's a link where you can look it up pe...