Search found 363 matches

by Ping Pong
Wed May 17, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4825

Re: Delay SS, but claim if market plunges

You should have a tips ladder with a rung maturing each year between your retirement date and age 70. The size of each rung should be equal to your expected annual age 70 SS benefit. There should be no need to claim early because you will have created your own SS-like stream.
by Ping Pong
Tue May 16, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in PT Job's 401k to Get Match?
Replies: 9
Views: 883

Re: Should I Invest in PT Job's 401k to Get Match?

The simplest method would be to contribute 500 a month to the PT plan and 1000 to the FT plan. Then you know you'll be maxed out and get the maximum match from each. You may have to adjust these numbers somewhat to make sure you get the match, but otherwise it should be set and forget.
by Ping Pong
Thu Feb 23, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Looking for suggestions for a Wine Cooler
Replies: 28
Views: 1164

Re: Looking for suggestions for a Wine Cooler

We're a family of 4 and putting in one pan and two pots pretty much fills ours up. The regular dishes have to go in another load. We only have one dishwasher, so we often do two loads. That wouldn't be bad at all except it takes over two hours to do a load.
by Ping Pong
Thu Feb 23, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: Looking for suggestions for a Wine Cooler
Replies: 28
Views: 1164

Re: Looking for suggestions for a Wine Cooler

You shouldn't put in a wine cooler unless you have 2 dishwashers and still have room left over.
by Ping Pong
Fri Feb 17, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 32
Views: 2547

Re: Induction cooktop impressions?

Most of the induction stoves I have seen only have 10 discrete power settings. On my regular electric stove which has a continuous knob from 0 to 10, setting it to 2 will burn eggs while settting it to 1 will cook them so slow they will stick to the pan and taste yucky. I have to cook them at 1.4. I...
by Ping Pong
Mon Feb 13, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: How long do you keep your kitchen sponge?
Replies: 55
Views: 5757

Re: How long do you keep your kitchen sponge?

If you use The Ringer, you won't need a sponge. It's a chain mail scrubber you can get on amazon.
by Ping Pong
Wed Jan 25, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 7390

Re: Need a good commuter car fairly soon

Why is everyone recommending a bigger car because of soccer? My son plays soccer and the only things we need to transport are a ball and a water bottle. I don't know what kind of car we'll need when he joins the chess team though. Should we get a full size van?
by Ping Pong
Sat Dec 10, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Beware of Interval Funds
Replies: 10
Views: 1539

Re: Beware of Interval Funds

I'd be wary of purported liquidity premiums. If there were a decent premium, a liquid entity could issue liquid shares and then buy illiquid assets, thereby arbitraging the premium and creating liquidity. If farmland had a liquidity premium, it'd be easy enough to buy a bunch of farmland, rent It ou...
by Ping Pong
Thu Dec 08, 2016 9:11 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 53
Views: 4116

Re: Frying pan recommendations

If you like cast iron and want something smooth, get a carbon steel frying pan. It works the same way as cast iron. In fact, it's pretty much the same material, just not cast. You have to season it and you can't put it in the dishwasher. They cook great. Check the reviews on Amazon.
by Ping Pong
Mon Nov 28, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: Trailer on an Odyssey? [Is an Odyssey even the right choice?]
Replies: 34
Views: 2766

Re: Trailer on an Odyssey? [Is an Odyssey even the right choice?]

PULMOR makes small trailers that keep your things dry. The tongue weight is 32 pounds.
by Ping Pong
Mon Oct 24, 2016 4:36 pm
Forum: Personal Consumer Issues
Topic: Car dealer "Internet Sales Department" - Useless?
Replies: 58
Views: 6800

Re: Car dealer "Internet Sales Department" - Useless?

Or even better, in July/August when the new model years are rolling around. We are going to be needing a 2nd car for when my daughter starts school next August. We have cash now. I'll play the game a little bit after Christmas to see if someone will give me an insane deal, otherwise we're waiting u...
by Ping Pong
Mon Oct 24, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: Car dealer "Internet Sales Department" - Useless?
Replies: 58
Views: 6800

Re: Car dealer "Internet Sales Department" - Useless?

I see a number of posters saying they haven't been able to get quotes for cars recently. I think the problem is that you guys are trying to buy cars at the beginning of the model year. That's when EVERYONE is buying a car. That's when the people who don't care about price buy cars. Those people just...
by Ping Pong
Fri Jul 29, 2016 5:43 am
Forum: Investing - Theory, News & General
Topic: Two-Step Rebalancing
Replies: 48
Views: 5428

Re: Two-Step Rebalancing -- to keep both emotions and risk in check

You could accomplish your goals by rebalancing only every 6 months. That reduces the rebalancing multiple times into a falling market scenario. And it eliminates the wash sale problem. Holding cash for 6 months during the slow-motion rebalance doesn't really add any benefit. I guess you could hold c...
by Ping Pong
Sun Jul 17, 2016 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 8441

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

You should see if you can get your friend to quit his business and join yours for 8 months out of the year. See if you can get him to buy out 1/3 of your business as well.
by Ping Pong
Wed Jun 29, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Whole House Dehumidifier?
Replies: 17
Views: 2044

Re: Whole House Dehumidifier?

I would be interested in buying a whole house unit if it were installed OUTSIDE, but none of the ones that I see online seem to have that option. A whole house unit that just dumps all that waste heat back into my house is inefficient. The Ultra-Aire SD12 dumps heat to the outside. It cools while i...
by Ping Pong
Wed Jun 01, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental, Accept Offer Before Hits Market?
Replies: 16
Views: 1745

Re: Selling Rental, Accept Offer Before Hits Market?

If you list it on the MLS, you'll have to pay a commission. Even if you get a higher price, you might end up with less money.
by Ping Pong
Tue Mar 22, 2016 8:42 pm
Forum: Investing - Theory, News & General
Topic: The Rarely Noted "Real Returns"
Replies: 45
Views: 5990

Re: The Rarely Noted "Real Returns"

Thank you for this analysis, OP. It is very thought provoking. I love how it shows the steadyness of real returns for sufficiently long periods of time. I'm curious what a rolling analysis would show.
by Ping Pong
Tue Mar 22, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: How to get rid of poison ivy
Replies: 58
Views: 4483

Re: How to get rid of poison ivy

You definitely should not burn poison ivy. Inhaling the fumes can be fatal. And the plant would probably die too.
by Ping Pong
Tue Mar 01, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mom is 5 Social Security Credits Short - How Do I Help?
Replies: 20
Views: 3275

Re: Mom is 5 Social Security Credits Short - How Do I Help?

She doesn't need to work for 15 months. She only needs to earn $5,040 one calendar year and $1,260 in another calendar year.
by Ping Pong
Mon Dec 14, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Two (unlrelated) parties in household - auto insurance?
Replies: 13
Views: 884

Re: Two (unlrelated) parties in household - auto insurance?

It is not sufficient to add Joe's car to the policy. Joe also needs to be added as a driver.
by Ping Pong
Tue Oct 13, 2015 1:10 pm
Forum: Personal Consumer Issues
Topic: Experience with Gas Air Conditioning
Replies: 10
Views: 1292

Re: Experience with Gas Air Conditioning

Sooner or later it will break. At that time you can decide to fix it or replace it with an electric (or another gas) air conditioner. i.e., air conditioners tend to get replaced from time to time. Electric air conditioners are relatively inexpensive, so it shouldn't really be a factor in your decisi...
by Ping Pong
Thu Aug 27, 2015 6:22 am
Forum: Personal Consumer Issues
Topic: Tire rotation
Replies: 59
Views: 7865

Re: Tire rotation

If you rotate your tires so they wear evenly, how will you know when you need an alignment?
by Ping Pong
Tue Aug 25, 2015 11:13 am
Forum: Investing - Theory, News & General
Topic: "The Rule of 20" equity valuation method (04-01-16)
Replies: 36
Views: 7746

Re: "The Rule of 20" equity valuation methodology

The second problem is the government can print money and companies can't. Why would it matter who prints money? The printing of money would affect corporate bonds and treasury bonds the same way anyway. I don't see this as a valid reason to use corporates as a discount rate instead of treasuries. (...
by Ping Pong
Fri Aug 21, 2015 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Chase insists on total distr of inherited IRA
Replies: 18
Views: 2181

Re: Chase insists on total distr of inherited IRA

What are you trying to accomplish? You have to take RMD's from inherited IRA's. Are you trying to spread the taxable income of $2,000 over 30 years? So instead of paying tax on $2,000 this year, you want to pay tax on $66.67 of income in each of the next 30 (or however many) years? I'm going to have...
by Ping Pong
Thu Aug 20, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Update: Pay Mortgage or Pay Student Loans
Replies: 45
Views: 5085

Re: Prepping to sell home: Pay Mortgage or Pay Student Loans

You could pay off all your student loans, highest interest rate ones first. Then pay down your mortgage principal enough to remove PMI. That should free up a lot of cash flow. You might have to reduce your 401(k) deferrals for awhile to do this in your desired time frame. Then maybe you could keep t...
by Ping Pong
Wed Jun 17, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Employer 401k limits (Non HCE)
Replies: 11
Views: 1874

Re: Employer 401k limits (Non HCE)

I've been contracting this year If you've been (non-W-2) contracting, you can open a self-employed 401(k) or Simple-IRA or SEP-IRA and contribute to it this year. It won't help you next year if you're still with this same new employer, but it will allow you to get more into retirement accounts this...
by Ping Pong
Wed Jun 17, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 4644

Re: Dependent Life claim denied

Given what you found in the rules, I think what you should be reimbursed for is all the premiums plus a reasonable compound interest rate. They certainly should have had this information on the signup forms. Had he and his wife worked at separate companies but had the same insurance company, the in...
by Ping Pong
Fri Jun 05, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any BH know about whole house Dehumidifier?
Replies: 25
Views: 2399

Re: Any BH know about whole house Dehumidifier?

It seems to me that this split valve is doing the same thing that your are warning about on the dedicated dehumidifier, spending energy to heat the place as it cools to dehumidify. My understanding is that a single purpose machine is usually more efficient at its job than a multipurpose machine. Ye...
by Ping Pong
Fri Jun 05, 2015 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Any BH know about whole house Dehumidifier?
Replies: 25
Views: 2399

Re: Any BH know about whole house Dehumidifier?

There are air-conditioners that can automatically slow the system down (based on a humidity sensor) to give it a chance to get enough moisture out of the air. Some even have split-valves in the interior coil so that the system can cool (to dehumidify) and heat at the same time to prevent the system ...
by Ping Pong
Fri Aug 29, 2014 11:46 am
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 17
Views: 2508

Re: Induction Range Worth the Price?

When I was looking into an induction range not too long ago, they seemed to only have a small number of finite power levels. So you had to pick a level that was either too hot or too cold. And the power was set by pushing an up-arrow or down-arrow rather than the usual knob. Finally, they all seemed...
by Ping Pong
Mon Feb 03, 2014 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Company Phantom Stock - Are We Making a Sound Decision?
Replies: 21
Views: 1810

Re: Company Phantom Stock - Are We Making a Sound Decision?

Right. Your taxable investments would have to grow faster than your rabbi stock just to break even because taxable investments have a tax drag (in your bracket) while the rabbi stock does not.
by Ping Pong
Mon Feb 03, 2014 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Company Phantom Stock - Are We Making a Sound Decision?
Replies: 21
Views: 1810

Re: Company Phantom Stock - Are We Making a Sound Decision?

If you think about it, there is no tax drag on gains. Do some calculations. Calculate your after tax value now. Now calculate your after-tax value if the stock doubles. Isn't the after-tax value also double? Ie no tax drag.
by Ping Pong
Wed Jan 22, 2014 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 5049

Re: Investing in a carwash

You say the car wash requires equity of $600K, and you are going to provide $150K or 25% of this equity. If you are providing 25% of the equity, why are you only going to get 10% of the profits? Your stake is 10% of the profits which basically means 10% of equity, which is $60K. So you're paying $15...
by Ping Pong
Tue Dec 18, 2012 2:56 pm
Forum: Personal Consumer Issues
Topic: AVG 2013 upgrade blew up my XP
Replies: 34
Views: 4043

Re: AVG 2013 upgrade blew up my XP

Isn't AVG in a jail somewhere in Guatemala?
by Ping Pong
Tue Dec 04, 2012 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a Mutual Release? (Auto accident)
Replies: 35
Views: 3343

Re: Should I ask for a Mutual Release? (Auto accident)

They don't have to do squat until you get a judgment. Getting a judgment costs money. Collecting on a judgment costs money. So you settle. But if you're going to settle and agree to pay money, you get a release so the other side can't come back and ask for more damages. No one in their right mind i...
by Ping Pong
Tue Dec 04, 2012 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I ask for a Mutual Release? (Auto accident)
Replies: 35
Views: 3343

Re: Should I ask for a Mutual Release? (Auto accident)

I'm sorry to go a little off-topic, but I've never understood these settlements. Why would anyone sign the settlement they are offering? They are at-fault and would be required to pay damages. So they have to pay. There is no requirement for you to sign a release, so why do people sign them? You mig...
by Ping Pong
Tue Nov 20, 2012 9:50 am
Forum: Personal Consumer Issues
Topic: Additional money owed after purchase?
Replies: 27
Views: 2371

Re: Additional money owed after purchase?

I would have cancelled the whole order to disincentivise them from doing this to other people. The fact that you continued with your purchase after they backed down means they didn't lose anything from trying to scam $400 out of you. Heads they win, tails they win. Some people seem to be blaming the...
by Ping Pong
Tue Nov 20, 2012 9:37 am
Forum: Personal Consumer Issues
Topic: Farming and Homesteading Thoughts/Advice?
Replies: 27
Views: 2241

Re: Farming and Homesteading Thoughts/Advice?

How much do you currently pay for groceries, and how much of that do you plan to be able to offset from your farm?
by Ping Pong
Tue Oct 09, 2012 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Gain Harvesting by end of year
Replies: 22
Views: 2000

Re: Tax-Gain Harvesting by end of year

Why do you need to write a check? Can't you snail mail an exchange order to Vanguard to avoid the 60-day wait?
by Ping Pong
Tue Oct 09, 2012 11:33 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the general public care about expense ratios?
Replies: 101
Views: 9025

Re: Why doesn't the general public care about expense ratios

I didn't use to care about expense ratios. Returns on mutual funds are shown after expenses are deducted (by law), and it is the returns that matter. And of course when you're not a boglehead, you always pick funds that have returned more than low-expense funds. So that is why I didn't care about ex...
by Ping Pong
Thu Oct 04, 2012 4:31 pm
Forum: Investing - Theory, News & General
Topic: Were the Recent Vanguard Index Changes Really Necessary?
Replies: 46
Views: 3995

Re: Were the Recent Vanguard Index Changes Really Necessary?

Why would they have to sell anything? Going from one total market index to another one shouldn't incur any transaction costs. Vanguard doesn't mimic indexes anyway, they sample them, so they don't have to hold stocks to match the index. Also, they have inflows which can be used if there is any rebal...
by Ping Pong
Thu Aug 30, 2012 9:04 am
Forum: Investing - Theory, News & General
Topic: I hate the Lazy portfolio(s)
Replies: 41
Views: 5922

Re: I hate the Lazy portfolio(s)

What about Simple Portfolios?
by Ping Pong
Fri Aug 24, 2012 9:35 am
Forum: Personal Finance (Not Investing)
Topic: dealing with IRS identity theft
Replies: 21
Views: 4192

Re: dealing with IRS identity theft

The same thing happened to me. The IRS received two returns even though I only mailed one. They never notified me of the discrepancy. I only found out after calling them the 3rd time to find out about my much delayed refund. Each time I called, they said something like "Oh it hasn't been proces...
by Ping Pong
Wed Aug 22, 2012 1:30 pm
Forum: Personal Consumer Issues
Topic: big diamond ring
Replies: 80
Views: 12431

Re: big diamond ring

I'm surprised appraisals were mentioned so many times in this thread. Jewelry will always appraise more than you paid. When the appraiser tells you that you got an awesome deal, offer to sell it to him for 50%, and he won't buy it. It's all a scam.
by Ping Pong
Thu Aug 16, 2012 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are 401K Contributions and Matching Limited to Base Salary
Replies: 21
Views: 5272

Re: Are 401K Contributions and Matching Limited to Base Sala

IRS rules for 'top-heavy' plans I mentioned earlier would likely prevent this. The top-heavy rules that you quoted only require a minimum contribution to Jim (check), and accelerated vesting. It doesn't seem to prevent disproportionate 401(k) contributions by the employer if the employer uses Bonus...
by Ping Pong
Thu Aug 16, 2012 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Are 401K Contributions and Matching Limited to Base Salary
Replies: 21
Views: 5272

Re: Are 401K Contributions and Matching Limited to Base Sala

I am shocked that companies can base matching contributions only on base salary. If this is allowed, couldn't a company bypass the 401(k) rules about not preferring owners (vs peons) by having all the top people have a large "base" and having everyone else with a tiny base and large bonuse...
by Ping Pong
Mon Aug 13, 2012 12:30 pm
Forum: Personal Consumer Issues
Topic: How many school uniforms ... and other related questions
Replies: 18
Views: 1731

Re: How many school uniforms ... and other related questions

The only thing I would change from the comments you have received already is that you should do laundry on a weekday, freeing the weekend for leisure. Some of the posters who mentioned weekend laundry may have grown up before washing machines were around.
by Ping Pong
Wed Jul 18, 2012 9:31 pm
Forum: Investing - Theory, News & General
Topic: Investors pay to lend Germany money
Replies: 22
Views: 2628

Re: Investors pay to lend Germany money

momar wrote:How much does it cost to store a billion physical euros in a bank? How about 10 billion?


It's free if you keep $15000 in your checking account
by Ping Pong
Sat Jul 14, 2012 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Notice of Deficiency from IRS
Replies: 81
Views: 13524

Re: Notice of Deficiency from IRS

I'll tell you what the problem is. Someone filed a fraudulent return under your SSN. The IRS only processes the first one they receive (unless it's an amended return) and ignores subsequent ones. The reason the numbers don't match is because the fraudulent return doesn't have the correct numbers. Th...