Search found 34 matches

by Hamberders
Fri Feb 14, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 136
Views: 9788

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

Government and union trade jobs have a high percentage of employees who are covered by defined benefit pension plans. 100% vesting is typically given in five years. Generally speaking, current defined benefit pension plans are not as generous as they were when your sister accrued her benefits. The i...
by Hamberders
Sun Sep 29, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: pension plan and bankruptcy
Replies: 7
Views: 1245

Re: pension plan and bankruptcy

1. Either the Pension Benefit Guaranty Corporation (PBGC) takes over the plan or the plan is terminated by the employer after it purchases annuities for all participants. The PBGC is a federal insurance entity for pension plans.

2. The new company typically becomes the plan sponsor.
by Hamberders
Thu Sep 19, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8601

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal. This. I suspect a lot of older folks have posted in this thread, because a lot of my peers (who are in their 20s, 30s, and early 40s) use Venmo in bil...
by Hamberders
Wed Sep 11, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Best Dog Car?
Replies: 70
Views: 4916

Re: Best Dog Car?

Toyota Tacoma, double cab, short bed, with a topper and a bed mat
by Hamberders
Thu Aug 08, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 3126

Re: Do you pay for kids college if a non-STEM major?

Some people’s hyper-obsession with money on this board is not surprising, but it’s still disappointing to encounter. I majored in math and psychology. Although I enjoyed both fields of study and wouldn’t change them if I could go back in time, I wish I had taken more classes in English, philosophy, ...
by Hamberders
Mon Jul 29, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: Can someone solve this TVM problem?
Replies: 9
Views: 1374

Re: Can someone solve this TVM problem?

Here is a permutation to the question: Scenario: An investor's goal is to have FV at the end of n+a×n periods, the periods are different and the constant rate durimg each period is different: A. for n periods the constant rate of return is i B. for a×n periods the constant rate of return is b×i Pro...
by Hamberders
Mon Jul 29, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Can someone solve this TVM problem?
Replies: 9
Views: 1374

Re: Can someone solve this TVM problem?

If I understand your setup correctly, the solution is d x i = (c x FV / P)^(1/(n + b x n)) -1

I'll type out the derivation later if I have time.
by Hamberders
Mon Jul 22, 2019 12:07 am
Forum: Personal Consumer Issues
Topic: Car Leasing Question
Replies: 22
Views: 1749

Re: Car Leasing Question

A purchase usually requires more cash. Consider the opportunity cost of spending that cash instead of investing it.
by Hamberders
Mon Jul 08, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2959

Re: Divorce and pension/401k/IRA split

No need for experts. The value of her retirement is as follows: Input: 1- Current salary is $70,000 2- Current vested years: 15 3- Vesting per year: 2.5% Therefore, the annual retirement she's entitled to today is: $70,000 X 15 X 2.5% Annual retirement amount she would be receiving at time of divor...
by Hamberders
Mon Jul 08, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2959

Re: Divorce and pension/401k/IRA split

It sounds like you want to know the lump sum present value of her benefit, which is an actuarial calculation based on interest rate and mortality assumptions. If the plan has a lump sum option, the administrator of the pension plan may be able to provide an estimate. Typically QDROs will state that ...
by Hamberders
Wed Jul 03, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16086

Re: Staying the course is so hard (support thread)

What kind of truck are you leasing for $985 a month? A Mercedes G-wagon? You can lease a Toyota Tacoma for much less. It’s a reliable truck that transcends the pettiness of superficial socioeconomic judgements, and doesn’t ostentatiously project wealth.
by Hamberders
Tue Jun 25, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help choose COLA Pension or Not
Replies: 25
Views: 1543

Re: Help choose COLA Pension or Not

Given the details provided in the original post, you people who are saying the COLA option is more generous are incorrect. In most pension plans, inflation-adjusted forms of benefits are actuarially equivalent to those without inflation adjustments. I highly doubt that any pension plan would subsidi...
by Hamberders
Mon Jun 24, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 14297

Re: How did you lower your annual expenses?

Curtail vacations trips that entail airfare and hotel fees. Avoid expensive hobbies. Refrain from buying lots of fancy gadgets, furniture, artwork, etc. If you’re going to eat out, order items from the value menu at Taco Bell.
by Hamberders
Wed May 22, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: Best small AWD to 'drive into the ground'
Replies: 87
Views: 7032

Re: Best small AWD to 'drive into the ground'

The Mazda CX-3 AWD (25/32 MPG) and Subaru Impreza (27/36 MPG) are your best options. The Impreza gets slightly better highway gas-mileage than the Crosstrek (27/33 MPG). I think Mazda’s AWD system is pretty good. I’ve seen YouTube videos of the CX-5 performing well in roller tests.
by Hamberders
Fri May 17, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 6012

Re: Does stock allocation truly matter?

I recently met an old man who lost his job, lost his home to foreclosure, and went homeless. When I asked him how it all happened, he said, “I invested too broadly and didn’t tilt my portfolio to small-cap growth.”
by Hamberders
Mon May 13, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car off lease before lease expires
Replies: 10
Views: 1151

Re: Buy car off lease before lease expires

Somewhat recent experience - when I got near the end of my lease about a year ago, the payoff was looking a little higher than the bluebook for the same car. But then the leasing company offered me a $4000 discount on the payoff, which made it worthwhile to keep the car. I don't know if that occurs...
by Hamberders
Sun Apr 28, 2019 7:50 pm
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 10465

Re: EXTREMELY frugal things from our paernets and grandparents

My dad would squeeze an almost-empty tube of toothpaste with the force of a colossus to get the remaining amount out of it. If he received a letter in the mail that had a stamp that wasn't marked with ink by USPS, he'd steam the envelope to remove the stamp in one piece and reuse the stamp.
by Hamberders
Sun Apr 28, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Pension Benefit Calculation
Replies: 6
Views: 498

Re: Retroactive Pension Benefit Calculation

The interest rate is usually stated in the section on actuarial equivalence in the plan document. You should check it to confirm the rate. It's odd that the table above shows SLA amounts that differ in value by less than a dollar. I wonder why they're not all equal like the 50% joint and survivor am...
by Hamberders
Fri Apr 12, 2019 2:02 pm
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 2248

Re: Does a company 401k need a financial planner?

It seems like two different roles got conflated in this discussion because the original post said the solicitors offered two services: investment advice and fiduciary services. A lot of people on this site are averse to investment advisors, and I can understand why. But I imagine fewer people would ...
by Hamberders
Wed Apr 10, 2019 6:49 pm
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 2248

Re: Does a company 401k need a financial planner?

If you have a K plan committee of doctors and staff that are experts in ERISA, FINRA, Bbehavioral Finance, etc. then you might not need a fiduciary advisor. Otherwise you don’t know what you don’t know and and expert fiduciary advisor can save your bacon. BHs tend to denegrate Advisors bc BHs often...
by Hamberders
Fri Mar 29, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: To Escrow, or to NOT Escrow
Replies: 24
Views: 1373

Re: To Escrow, or to NOT Escrow

I’ve been using an escrow account since 2016, when I purchased my house. I started it without giving it much thought. It appears the consensus of Bogleheads says no to escrow. I learned a lot in this thread. Thanks, people. Edit: I just found out my interest rate for the account is 3.5%, which is be...
by Hamberders
Fri Mar 29, 2019 2:23 pm
Forum: Personal Investments
Topic: Help with Pension Decision
Replies: 29
Views: 3061

Re: Help with Pension Decision

The lump sum vs. annuity question seems to get asked a lot on this forum. The answer to your question depends on what you have for other retirement assets, your expected expenses in retirement, your tolerance for investment risk, your health and life expectancy, and your spouse’s health and life exp...
by Hamberders
Fri Mar 29, 2019 1:17 pm
Forum: Personal Investments
Topic: Mortgage as negative bond = YIKES! Should I panic?
Replies: 37
Views: 3702

Re: Mortgage as negative bond = YIKES! Should I panic?

If having a mortgage freaks you out, you could get rid of the house and pay rent to a landlord instead. Would that make you feel better?
by Hamberders
Thu Mar 28, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: I drive 8000 miles a year, what car do you recommend?
Replies: 39
Views: 3649

Re: I drive 8000 miles a year, what car do you recommend?

I suggest you check out the new Corolla Hybrid: https://www.toyota.com/corollahybrid/

I think it looks better than all current models of the Prius.
by Hamberders
Thu Mar 28, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 239
Views: 22999

Re: Paying "early" on mortgage may be unwise

This doesn't seem like an argument against paying off your mortgage early at all. Rather, it seems like a statement that those who choose to do so should clearly specify to their lender that the additional payment is for "principal only." Yes - I think many folks wrongly believe that making the reg...
by Hamberders
Thu Mar 28, 2019 2:06 am
Forum: Personal Finance (Not Investing)
Topic: I suspect I may have equity in my car lease. Help?
Replies: 31
Views: 2225

Re: I suspect I may have equity in my car lease. Help?

I returned a lease (Audi) that had equity due to low miles, and the dealer gave me a $500 check. I may have gotten more money if I had bought the car and sold it elsewhere – perhaps $1k to $2k – but I went with the convenient route.
by Hamberders
Thu Mar 28, 2019 1:59 am
Forum: Personal Consumer Issues
Topic: New 2019 RAV4 is now out - looks good
Replies: 128
Views: 15699

Re: New 2019 RAV4 is now out - looks good

I think the new RAV4 looks dope. But I don't know if I'd buy one, because Toyota's AWD system is FWD-based and is garbage. The hybrid's traction is even worse. Look up videos of roller tests.
by Hamberders
Sat Mar 23, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 3895

Re: Lease a car or buy a car

A lease is just an amortization of the estimated depreciation of the car over the term of the lease. It's a loan for how much the car is anticipated to decrease in value. If interest rates are low and you like getting new cars every three years, always having a car under warranty, and enjoying new a...
by Hamberders
Sat Mar 23, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Family man who misses driving a fun car
Replies: 181
Views: 13478

Re: Family man who misses driving a fun car

I've always loved Miatas. A MINI Cooper convertible might be a suitable compromise between your needs and desires. I owned one for a bit; it had a manual transmission. Though not as fun as a Miata, it was a joy to drive and practical as a daily driver.
by Hamberders
Fri Mar 22, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Twitter [Is mobile number needed to register?]
Replies: 20
Views: 818

Re: Twitter

I have a Twitter account, but I have zero posts. It's nice to have access to the Twitter for iPhone app, which, I believe, requires an account. The app provides a nice interface for viewing tweets, searching for tweets and accounts, and viewing other users' comments under tweets. And when you're rea...
by Hamberders
Fri Mar 22, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Change my locked mortgage interest rate
Replies: 12
Views: 828

Re: Change my locked mortgage interest rate

Why not shop for an equivalent or better rate elsewhere? It would give you the power to negotiate the $600 fee with your current lender.
by Hamberders
Thu Mar 21, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 13889

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

If it’s not the Camry, the Corolla seems to be the official car of Bogleheads. The official nail clipper is currently being determined in another thread. What’s the official bicycle? I’ll note that I’m posting this using a BlackBerry I bought in 2009, as I’m sitting in my 1986 Toyota Tercel, which h...
by Hamberders
Wed Mar 13, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Buy New Car Now or Wait End of Lease?
Replies: 11
Views: 1106

Re: Buy New Car Now or Wait End of Lease?

I would get rid of a leased car only if I had positive equity in it; that is to say if its used market value is higher than its buyout price. If that’s the case, one could buy the leased car and sell it, or one could possibly trade it in at a dealer. If the buyout price is higher than the market val...
by Hamberders
Tue Feb 19, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another Pension Annuity Payout Decision
Replies: 5
Views: 503

Re: Another Pension Annuity Payout Decision

I don't understand. I thought these were 5 yr period certains? Isn't beneficiary payout automatically 100%? What are you getting for the reduced benefit? I suspect the OP's single-life option is the only one that has the five-year certain feature, but I suppose it's possible for a joint and survivo...