Search found 1828 matches

by dknightd
Fri Nov 15, 2019 1:33 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

I've shown you that the problem is you're comparing an ongoing interest rate with a one-time tax rate. That's completely faulty. I must have missed that. sorry. Can you explain that again? thanks. Further, we're talking about LTCG taxes on a taxable account, not withdrawals from a 403b, which are t...
by dknightd
Fri Nov 15, 2019 1:14 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

Most of my money is in a 403b. It gets taxed as ordinary income when I take it out. If your money is some place else it gets taxed differently, and as I said, it will changed your calculation
by dknightd
Fri Nov 15, 2019 1:10 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

In my simple mind, here is my thinking. I could pay off my 3.25% mortgage balance tomorrow. But doing that would bump me up from the 12% tax bracket to the 22% bracket. It does not matter if I pay 3.25% or 4% on my loan. It does not matter what my investments might earn. What matters is the total co...
by dknightd
Fri Nov 15, 2019 12:58 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

For me it comes down to taxes. Why would I pay 22% taxes to come up with cash that I can borrow at less than that.
If your money is already after tax your calculation might be different.
12% + 4% is still less than 22%
by dknightd
Fri Nov 15, 2019 12:39 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

I'd probably sell my home and finance the $123K over 15 years Would you do so primarily to (1) retain the liquidity of the assets, (2) because you believed that your stocks (certainly not bonds) will outperform 4% after-taxes, or (3) to slightly reduce the tax burden? All of the above. And you can ...
by dknightd
Fri Nov 15, 2019 12:33 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

I'd probably sell my home and finance the $123K over 15 years
by dknightd
Mon Nov 11, 2019 9:32 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11211

Re: Saving seats on Southwest

sounds like a good idea, that went bad
by dknightd
Mon Nov 11, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11211

Re: Saving seats on Southwest

I'd pay the $15 per person just so we could wait in line together, and hopefully sit together.
by dknightd
Mon Nov 11, 2019 7:47 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 11629

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

I admit, I did not read the entire thread. There is no right answer to this. Nobody knows what the future will hold. Statistically you are about 2/3 likely to do better if you put it all in at once. But that means 1/3 of the time you would have been better to DCA. Nobody knows which is best until yo...
by dknightd
Sun Nov 10, 2019 11:14 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14860

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

Such thoughtful, interesting replies. Thank you all. I do hope to leave $$ for the kids and God willing, help with future grandchildren's educations and throw in some nice family vacations. But step one is doing everything possible to avoid being a burden down the road. Aside from the finances, I v...
by dknightd
Sun Nov 10, 2019 10:34 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 308
Views: 21304

Re: Will we be OK at 3% WR?

Here is my simple math. If portfolio returns 0% in real terms, then 3% will only last 33 years. So you probably need a portfolio that returns more than just inflation rate if you want to withdraw an inflation adjusted 3% for 40 years. I hope a 50/50 type portfolio will at least keep up with inflatio...
by dknightd
Sun Nov 10, 2019 10:02 am
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: 7571

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

Maybe I live in a bubble where managers are reasonable and actually care about their employees' happiness/retention? I often feel this way on Bogleheads. But I can't be the only non-jerk manager out there. Work place creep seems to be the norm these days. Part of the reason I decided to retire. Mos...
by dknightd
Sun Nov 10, 2019 9:10 am
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: 7571

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

not walk before finding a new job, right? :) yep. First new job, then walk if needed. I'd answer if I was available and it was mission critical. I would delay answering if not mission critical. And obviously you cannot answer if you are not available. You should not be required to be available if y...
by dknightd
Thu Nov 07, 2019 1:52 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 308
Views: 21304

Re: Will we be OK at 3% WR?

bhsince87 wrote:
Tue Nov 05, 2019 11:23 pm
What's your opinion? Ages 54 and 52.

Will 3% be OK going forward?
I would think so.
by dknightd
Wed Nov 06, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5448

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

OP have you ever actually worked for pay? Was it enough to live on? Sounds to me like you have income coming in from a trust. And you have saved some of that income. Well done! If I read it correctly you have about $1m saved from your "income". You have about $3.5m perhaps coming to you one day in a...
by dknightd
Wed Nov 06, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11675

Re: New Job, Depressed, Money issues

I admit I did not read every post in this thread. I would if you wanted to pay me for my time. You worked 20 years doing essentially the same thing. You were an expert. Now you are transitioning to an updated version of what you were doing before. You likely have the background to do very well. If y...
by dknightd
Fri Nov 01, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12540

Re: Possible Layoff: Need Assurance That We Will Be Okay

OP if you are scared about getting laid off, start sending out resumes.

edit: You may or may not like the offers you get
by dknightd
Fri Nov 01, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12540

Re: Possible Layoff: Need Assurance That We Will Be Okay

The real risk to your financial health, and I’m completely serious, is that your wife will get tired of living like a pauper in a one bedroom rental while you have 4 million in assets, and decide to divorce you and live a carefree life with 2 or more million to spend while she’s young. That could h...
by dknightd
Fri Nov 01, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12540

Re: Possible Layoff: Need Assurance That We Will Be Okay

Age 42 is not the ideal time to buy an annuity, but it might give you the assurance of a steady income if you do end up getting laid off. The only kind of annuity to consider is a SPIA (single payment immediate annuity). It is essentially like buying a pension with part of your savings. Maybe that ...
by dknightd
Fri Nov 01, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12540

Re: Possible Layoff: Need Assurance That We Will Be Okay

That aside, if not having money coming in on a regular basis causes you that much anxiety, it may not be a bad idea to continue working in some capacity until you are able to overcome those concerns. Or buy an annuity with some of your money. I do like that monthly transfer to my bank account ;) Ed...
by dknightd
Fri Nov 01, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12540

Re: Possible Layoff: Need Assurance That We Will Be Okay

I'm scared. I'm afraid of failure. I'm worried that I'll make a mistake and lose a bunch of money and not be able to get it back. I'm concerned that my wife gets sick and I won't be able to afford her health care bills because I picked the wrong insurance plan, or because I didn't save enough, or b...
by dknightd
Wed Oct 30, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11613

Re: Ok to go without health insurance?

The ironic thing for me is the OP is a medical professional. Likely most of their income comes from insurance companies, or premium payers. But they are considering not paying for health insurance. Maybe their practice is in optional medicine. That would make more sense to me. Why pay for insurance...
by dknightd
Wed Oct 30, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11613

Re: Ok to go without health insurance?

That's the problem, you buying insurance is mostly used to pay for the profits and salaries of the insurance industry. The whole thing is a bit of a scam. Most of the time insurance today is like a third party bookie taking their cut, and rarely they act as a catastrophic insurance plan. I pay for ...
by dknightd
Wed Oct 30, 2019 10:05 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21709

Re: Holding bonds vs 100% equities

I would never bet all the money i had on one thing. It just does not seem prudent
YMMV
by dknightd
Wed Oct 30, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Grinding sound when braking comes and goes in 2007 Hyundai Santa Fe GLS
Replies: 9
Views: 486

Re: Grinding sound when braking comes and goes in 2007 Hyundai Santa Fe GLS

My guess is rust on the rotors. If my guess is correct the noise should go away after a few times of using the brakes, on the same trip. If it is a loud grinding noise, that does not go away, then it is probably worn out pads. If you have never had to replace brake pads on a 2007, it is probably tim...
by dknightd
Wed Oct 30, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4695

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

I'm seeing a business opportunity! But I don't want to work for money any more ;) For many years I brought my own lunch to work. But then I got lazy. My cafeteria had an unlimited soup and salad option for about $8. I started making lunch the main meal of the day ;) Some times I'd walk someplace rea...
by dknightd
Wed Oct 30, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11613

Re: Ok to go without health insurance?

I guess it is OK to go without health insurance. That is not the decision I would make. I prefer to pay for health insurance even though it is expensive. But you are free to make your own decision. By its very nature insurance is a money loosing proposition for most people. But if you are one of the...
by dknightd
Mon Oct 28, 2019 7:47 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Referral Bonus - Really Need to Keep for a Year?
Replies: 26
Views: 1740

Re: Charles Schwab Referral Bonus - Really Need to Keep for a Year?

So I recently opened a CS account and deposited basically my life savings into it: ~$25k. (I'm a grad student, so yeah..) The reason for this deposit is because I got a referral bonus of $200 for depositing between $25k - $50k. My original intention after receiving this bonus was to then move the m...
by dknightd
Mon Oct 28, 2019 6:59 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3802

Re: $930,000 new money to invest

I'll probably take flak for this, but given the recession fears I would wait until the market hits bottom and then dump it all in. I know, it's market timing. :) No flak from me :) So where is the money you have accumulated so far? I assume all money market ;) "wait until the market hits bottom and...
by dknightd
Mon Oct 28, 2019 6:29 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3802

Re: $930,000 new money to invest

Carol88888 wrote:
Mon Oct 28, 2019 3:04 pm

I am tending toward the idea of doing 50/50 because to do 100% at once seems to imply some hubris that I don't presently have.
50/50 sounds reasonable when you do not know what to do. When in doubt I tend toward a 50/50 solution. 50% I'm right, 50% I'm wrong. I can live with that :)
by dknightd
Sun Oct 27, 2019 11:37 am
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20578

Re: I’m done with index funds

michaeljmroger wrote:
Sun Oct 27, 2019 11:27 am
I’ll likely have 7-figure capital gains to deal with in a few years
Bummer. It would suck to pay a tax bill bigger than what I had.
by dknightd
Fri Oct 25, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Debating getting a W2 vs 1099 for my contract work
Replies: 33
Views: 1169

Re: Debating getting a W2 vs 1099 for my contract work

I've been getting a 1099 from a customer for a few years now. While it allows me to write off certain expenses, it also means I pay Self Employment tax. Recently, my customer said if I want they can W2 me at a 7% deduction in my rate to cover their expenses. . Not a bad deal since that pretty much ...
by dknightd
Fri Oct 25, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Unique withdrawal method
Replies: 65
Views: 6904

Re: Unique withdrawal method

Has anyone discovered/developed a unique or innovative strategy for withdrawing funds in retirement? I'm thinking maybe some of you have experimented with a process that makes sense and feel really works for you and is not a mainstream method. Curious to hear. Go play tennis. Withdraw money as need...
by dknightd
Fri Oct 25, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Fixing rear bumper
Replies: 13
Views: 848

Re: Fixing rear bumper

We had someone bump in to our SUV while at the signal. The other party offered to pay out of pocket and to avoid using the insurance. The issue is some scratch on our bumper (marks on the bumper) and a slight ding in one place. We do not know if there could be any other issue internally though. Wha...
by dknightd
Fri Oct 25, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: BND vs TIAA Traditional for Fixed Income
Replies: 8
Views: 399

Re: BND vs TIAA Traditional for Fixed Income

You might want to look at this recent thread if you have not already seen it. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=280858&newpost=4808483&view=unread#unread Edit: to answer your question: In the accounts that hold my non-flexible TIAA traditional holdings, I also hold both normal an...
by dknightd
Fri Oct 25, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 108
Views: 9515

Re: Composition and safety of TIAA traditional annuity

Since you mentioned Fidelity's low-cost bond funds, I was wondering how to construct a "duration- and quality-mimicking" portfolio, as in the paper's Figure 1, using low-cost Fidelity funds. [Most readers have never wondered this and won't be interested in the rest of this post. I wonder if it even...
by dknightd
Wed Oct 23, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175731

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I have 50 crisp $100 notes I would trade for your crappy 2017 CRV. Actually, I'd have to go to the bank to get them ;)
by dknightd
Wed Oct 23, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 175731

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I share the OP's concern. Even though I do not own this vehicle and engine. Some oil dilution is normal. Especially if the vehicle takes many short trips. Short trips are hard on an engine. I suspect the engine will outlive the warren-tee. If the trips are short, then they will outlive the time warr...
by dknightd
Wed Oct 23, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13431

Re: [Paul Merriman: This strategy beats a total stock market fund]

I don't envy the young but I do envy the fact that 50 years from now they will know the outcome. We have to keep in mind that no matter how loud we yell our beliefs and no matter how many facts we have to support our beliefs, it doesn't mean our beliefs are right. Good luck to you all. I wish you c...
by dknightd
Mon Oct 21, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage Before Retiring vs. Taxable Investing
Replies: 38
Views: 3587

Re: Pay off Mortgage Before Retiring vs. Taxable Investing

Thank you all for the responses, it helped me to clarify things in my mind. I think that I will stay the course of investing the taxable funds and then reevaluate when I get closer to retirement. In the meanwhile, I am trying to up my savings rate and up the income. Thanks again! Makes sense to me :)
by dknightd
Mon Oct 21, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: Isn't lack of transparency in China a huge risk for international stock index?
Replies: 132
Views: 11947

Re: Isn't lack of transparency in China a huge risk for international stock index?

I did not read the whole thread. Sorry. What amazes me, but might be appropriate, is that China is still considered an emerging market. Perhaps because it's regulations, if they exist, are not well understood. Perhaps becuase it has yet to really emerge. Half the things I buy are probably made in Ch...
by dknightd
Mon Oct 21, 2019 9:12 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12106

Re: High income earner waiting for a bear market to start investing

FI4LIFE wrote:
Mon Oct 21, 2019 8:39 am
This thread stinks a bit of trolling but I will engage anyway.
It looks like trolling only because they have not come back. Perhaps becuase internet access is spotty in Antarctica ;)
by dknightd
Mon Oct 21, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3752

Re: selling house, should we put in sod to replace ugly lawn?

I'd rather look at a house that had decent, but not perfect lawn, than one that had obviously had a green carpet rolled out for my visit. But, I'm perhaps considered weird ;)
by dknightd
Mon Oct 21, 2019 8:12 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12106

Re: High income earner waiting for a bear market to start investing

My questions is this: What's the point of entering the market and investing now when I haven't even invested anything yet and the market seems to be in a bubble? The point is you do not know if the market is in a bubble. You do not know how much bigger the bubble will get before it bursts. You will...
by dknightd
Mon Oct 21, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 9855

Re: Advice: Windfall Makes Working Worse Than Not Working

This windfall will be a once in a lifetime event. You have to look not just at this year, and next, but what you want in the years after that. Does one, or both, of your employers allow a year unpaid sabbatical? That might be an option. I'd probably smile and be happy you have the money to pay this ...
by dknightd
Sat Oct 19, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 7785

Re: $2,467 is a minimum emergency fund

If you find yourself unable to pay your mortgage after losing your job and running through a 1 month emergency fund, send the bill to professors Gallagher and Sabat. If you find yourself unable to retire at 70 because your 6-month emergency fund generated enough cash drag to create a 5-year deficie...
by dknightd
Sat Oct 19, 2019 4:11 pm
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 7785

Re: $2,467 is a minimum emergency fund

By minimum, the authors really mean minimum. Not advisable, minimum. For this minimum, they even state that it is rational to hold debt rather than go below this minimum. This is just saying that cash flow is important, which any business owner would tell you. I was in this situation during grad sc...
by dknightd
Sat Oct 19, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4174

Re: Deed fraud (on your home)- anyone have insight?

Other day on the radio I heard a detailed commercial about deed fraud- where someone goes to your county recorder, puts their name on the deed to your home (and removes yours), then takes out an equity line of credit and drains the equity from your home, or they sell the home and leave you SOL. The...
by dknightd
Sat Oct 19, 2019 3:51 pm
Forum: Personal Investments
Topic: Non-spouse inherited annuities - help getting out of them
Replies: 11
Views: 1470

Re: Non-spouse inherited annuities - help getting out of them

ballons wrote:
Sat Oct 19, 2019 2:54 pm
Non-spouse inherited annuities.
Death beneficiary.
There is no immediate need for any of this money.

If you do not need the money, I'd cash them out, pay the taxes, be done with it.
Give some of the after tax money to your kids if you have any.
Sorry for your loss.