Search found 3194 matches

by MathWizard
Fri Feb 15, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Milestone Speech Question
Replies: 10
Views: 677

Re: Milestone Speech Question

Forget punchlines, a comedian could do that better. The shared history is what makes you more qualified than anyone else to speak. Something from your childhood that people have forgotten. Maybe something nobody remembers, but will immediately say "Oh yeah, I remember that." I arranged a part for my...
by MathWizard
Thu Feb 14, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to live well in retirement below the poverty line (not pay taxes)
Replies: 44
Views: 5395

Re: How to live well in retirement below the poverty line (not pay taxes)

Not sure if this is what you are asking, but here are several no brainer ideas. 1. Take social security at 70 years old and use money from your tax advantaged accounts until then. This can reduce your RMD's. 2. Have your home paid for when you retire. This will reduce your expenses, thus needing le...
by MathWizard
Wed Feb 13, 2019 3:48 pm
Forum: Personal Investments
Topic: CDs: 1 yr vs 3yr
Replies: 46
Views: 4575

Re: CDs: 1 yr vs 3yr

0.15% is not worth tying up the money longer.

Also, you don't mention minimum purchase.

I'd buy three one year $1K CDs over one $3K CD. (multiply by 10 if these are $10K min purchase.)

If I need $1K, I only need to pay the early withdrawal penalty on one third of the money.
by MathWizard
Wed Feb 13, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: separate computers for specific purposes--how many and for what?
Replies: 35
Views: 2493

Re: separate computers for specific purposes--how many and for what?

If you are really concerned, download any of various virtualization systems (virtualbox, Vmware, ...) and install a Linux distribution on it, like CentOS, as a LiveUSB on a thumb drive. If your system has a DVD drive, you can install on that. Then have one for each activity, and only run from that U...
by MathWizard
Tue Feb 12, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 47
Views: 2674

Re: Why should stocks beat bonds in the long run?

Op,
Investors in stocks believe they will outperform, others believe bonds will outperform, and most believe some percentage of stocks plus bonds, with rebalancing with outperform.

Of course , outperformance is not the goal, the goal is to be able to retire.
by MathWizard
Tue Feb 12, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: When is a car "totalled" if not at fault?
Replies: 26
Views: 2031

Re: When is a car "totalled" if not at fault?

OP, I feel your pain. I generally have driven older cars, which I maintained well. I would not have sold them for KBB price, but that is all I got when they were totaled, so I lost money. Getting a different car takes time, and when you have to replace in a hurry, you typically can't get as good a d...
by MathWizard
Tue Feb 12, 2019 5:41 pm
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 1966

Re: What kind of end balance makes you happy?

I estimate using an inflation adjusted ending balance (at age 100) which is the same as my age 70 balance (when my RMDs start.) Also, due to high RMDs near 100, all but a few thousand of the tax deferred ends up in ROTH, so the balance is actually higher due to no taxes owed on the distributions fro...
by MathWizard
Tue Feb 12, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion with no earned income
Replies: 2
Views: 291

Re: Roth conversion with no earned income

Are you over 59 1/2 (or perhaps 55 in the case of a 401k)

If you are not, then you should pay for the conversion from other sources, since
otherwise the taxes paid from the 401K will be an early distribution, subject to a
10% penalty.
by MathWizard
Tue Feb 12, 2019 4:17 pm
Forum: Personal Investments
Topic: What stress test do you run on your retirement portfolio?
Replies: 39
Views: 2155

Re: What stress test do you run on your retirement portfolio?

I estimate with an immediate 33% reduction in equities, the 4% real return after that, and assume both of us are out of work, and end with the same amount at age 100 as at 70. I estimate with a 25% reduction in estimated promised benefits. This weekend, my wife and I discussed what our inflation adj...
by MathWizard
Tue Feb 12, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: Vanguard website rejecting passwords, don't panic
Replies: 14
Views: 1875

Re: Vanguard website rejecting passwords, don't panic

Maybe you got "stuck" in the nightly updates for each account. Occasionally people report that all their accounts are 'empty' during the night runs. Oh my, does this really happen? I'm glad you mentioned it now because if I logged in and ever saw that, I think I might actually have a heart attack. ...
by MathWizard
Tue Feb 12, 2019 1:15 am
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 29
Views: 1762

Re: a week in Italy(first time)

Bogle7 wrote:
Sat Feb 09, 2019 10:24 pm
Roma
Firenze
Forget the others
See more on your next visit
+1

Also, take the bullet train from Rome to Florence (Firenze).

200 kph and smooth as glass. 1 stop.
by MathWizard
Tue Feb 12, 2019 1:12 am
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 153
Views: 8132

Re: What is a Boglehead funeral/burial?

If I may be the contrarian: Investing wisely means you probably have a boatload of money at the end of your life. There is comfort in the rituals, even if they do not make sense. If having a funeral would compromise my spouse's life after my demise, then she should forgo anything but a minimal servi...
by MathWizard
Mon Feb 11, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: On demand electric water heater
Replies: 34
Views: 1921

Re: On demand electric water heater

The other concept is a hot water recirculating pump. In most cases, a fixture near the end of the run has a special bridge valve that connects the hot side to the cold side to allow the pipes to form a loop. Another valve and pump near the water heater sends hot water down the hot line and gets sem...
by MathWizard
Mon Feb 11, 2019 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5496

Re: Newlyweds and joint accounts for household expenses

We have always had a joint account, but had little money when first married, so we got a couple of overdrafts because both people took money using separate checkbooks, and we didn't get the amounts in immediately. I just used cash, and my wife used the checkbook. She was a bookkeeper, and very good ...
by MathWizard
Mon Feb 11, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Public Library computers
Replies: 51
Views: 3841

Re: Public Library computers

Keyloggers are the biggest concern, so the library would be less secure. I assume anything with a login is using SSL encryption ( https:// ) so presumably the traffic on the wifi is encrypted both by your browser before being broadcast on the wifi. That said, I only use my home wifi with its own WPA...
by MathWizard
Sat Feb 09, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Why borrow money in RE but not Stocks?
Replies: 38
Views: 3829

Re: Why borrow money in RE but not Stocks?

Other than my home, I do not take a loan for real estate. Using leverage on either can be problematic. The biggest problem with leverage in stocks is that people get greedy. I believe Lehman was using 15x on mortgage backed securities, assuming they would never drop. They may have figured they had t...
by MathWizard
Sat Feb 09, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Begin SS @ 70 for worker and non-working spouse?
Replies: 6
Views: 579

Re: Begin SS @ 70 for worker and non-working spouse?

I suspect not, but more details would be needed.

A recent thread was about SS benefits. whichever me commenter had links for SS benefits optimizers .

I'd try that.
by MathWizard
Sat Feb 09, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 8774

Re: "Living comfortably in retirement"

Being able to pursue what I want not what the boss wants.

I think I have things I can contribute, and they don't cost much money,but take time. I've been selling my time to out good on the table,but will not have to in retirement.
by MathWizard
Sat Feb 09, 2019 3:20 pm
Forum: Personal Consumer Issues
Topic: Would you eat lab grown meat?
Replies: 64
Views: 1558

Re: Would you eat lab grown meat?

I would try it. Alternatives are always good to have. You would be less likely to get sick from it. Healthier meat may be necessary. I'm not a fish or tofu fan, so if red meat and bacon are off the menu due to health, this may be the only way to get meat. The texture would probably be my biggest obj...
by MathWizard
Sat Feb 09, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Wasting Electricity for Fun and Profit
Replies: 58
Views: 5344

Re: Consuming Electricity for Fun and Profit

Shifting to electric power: Plug-in hybrid car, or pur electric. Switch to electric range if you have gas. Electric water heater, if you have gas, or maybe even a point of use heater if you have areas which take a long time to get hot water there, like an upstairs bathroom on the other side of the h...
by MathWizard
Sat Feb 09, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Is $53 too much for life insurance for me and my wife?
Replies: 36
Views: 2578

Re: Is $53 too much for life insurance for me and my wife?

I went with annually renewable term life insurance. With 20 or 10 year term you pay more early on for a cheaper price later. I got term insurance when I had the most to insure,the birth of my first child. This was the lowest net worth (negative net worth just coming out of grad school), and lowest p...
by MathWizard
Fri Feb 08, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you contribute to retirement if you max your 2019 contributions?
Replies: 43
Views: 2805

Re: How much would you contribute to retirement if you max your 2019 contributions?

73K counting match.

I'd do more if I could. The kids just got out of college and we paid off the house, so we've only been able to Max in the last few years. We're only 2-4 yrs from retirement.
by MathWizard
Thu Feb 07, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sell the house or keep it for rent?
Replies: 30
Views: 1819

Re: Sell the house or keep it for rent?

Sell.
You have a leveraged investment, out of state.
One bad tenant could destroy your property, and
you would still have the mortgage.
by MathWizard
Tue Feb 05, 2019 5:08 pm
Forum: Personal Consumer Issues
Topic: How to find an airline's departure gate in advance?
Replies: 26
Views: 1243

Re: How to find an airline's departure gate in advance?

Just got an AA notice that our flight in May has been changed. (Using miles for this trip - wondering if that is why we were changed). Originally scheduled to land @ 7:50 AM in Miami for a 9:40 AM connecting flight. Now arrival time is 9:45 for a 10:35 departure. First concern - only 50 minutes to ...
by MathWizard
Mon Feb 04, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Earned Income for Roth IRA
Replies: 3
Views: 290

Re: Earned Income for Roth IRA

As long as you made over $6,000 when you were working you can contribute to the max. Op is referring to contributing for the previous year, 2018. Contributions for 2018 can be made up to Apr 15, 2019. For under 50: the limit for 2018 is $5,500. The $6,000 limit starts for the 2019 tax year. https:/...
by MathWizard
Mon Feb 04, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Those who do not fly coach, where do you buy your tickets?
Replies: 30
Views: 4799

Re: Those who do not fly coach, where do you buy your tickets?

The only time I went with business class was on a trip to London for our 35th. I found the best value on Kayak for a non-stop flight, and booked with the airline (British Airways). I checked with the next best value to make that I wasn't being fooled by a low coach price, and my deal was still bette...
by MathWizard
Mon Feb 04, 2019 4:03 pm
Forum: Personal Investments
Topic: Help Convincing Spouse
Replies: 60
Views: 4425

Re: Help Convincing Spouse

That 1% doesn't seem as painful in a bull market, but it feels exponentially worse in a bear market. Adding salt to the wound. +1 . My wife was really convinced when we had 50% in a CREF market index IRA with a 0.69% ER and 50% in VTSAX with 0.05% ER. The difference in performance was exactly the d...
by MathWizard
Mon Feb 04, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?
Replies: 23
Views: 2263

Re: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?

For 2%, I would go with the ROTH. I plan to be in what is now the 12% bracket (was 15%), but am just barely into the 22% bracket. The 10% difference is too high for me to consider it. Even when rates snap back, I'll still only be in the 15% bracket. If I was currently in the 24% bracket, planning to...
by MathWizard
Mon Feb 04, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21304

Re: Larry Swedroe: 3% is the new 4%

I think it is important to keep in mind that the floor SWR that Bengen came up with (the 4%) ... Bengen's result recommended 4.5% . The later Trinity study recommended 4% . Now we are arguing about 3% rather than 4% . .......... Now, adjusting Bengen's 4.5 % rule down to 3% is the same as assuming ...
by MathWizard
Mon Feb 04, 2019 2:14 pm
Forum: Personal Investments
Topic: quick double check that 85% of my SS will be subject to tax
Replies: 88
Views: 6584

Re: quick double check that 85% of my SS will be subject to tax

I'm not sure where you get the estimate for SS at 70. If you are getting it from a SS statement, be aware that the estimates assume that you work to that age earning what you do now until then, which makes that figure bigger. Assuming that you work to FRA, you could use the age FRA estimate, and use...
by MathWizard
Mon Feb 04, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21304

Re: Larry Swedroe: 3% is the new 4%

I think it is important to keep in mind that the floor SWR that Bengen came up with (the 4%) ... Bengen's result recommended 4.5% . The later Trinity study recommended 4% . Now we are arguing about 3% rather than 4% . I understand the argument against locking in an inflation adjusted percentage whe...
by MathWizard
Sun Feb 03, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Used car purchase - cost of ownership
Replies: 6
Views: 635

Re: Used car purchase - cost of ownership

Not TCO, but you can compare fuel economy which is a big part of the difference between cars at:

Code: Select all

https://fueleconomy.gov
by MathWizard
Sun Feb 03, 2019 10:52 am
Forum: Personal Investments
Topic: Help Convincing Spouse
Replies: 60
Views: 4425

Re: Help Convincing Spouse

You could do it with papers and pencil or charts, but seeing better results has the best effect. I convinced myself to move my ROTH IRA to Vanguard by moving 10% of the balance of TIAA-CREF's equity index fund with its 0.69% ER to Vanguard's VTSAX with its 0.05% ER at the time. My returns went up by...
by MathWizard
Sat Feb 02, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7055

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

About 45%

Health costs will highest expenses even while on Medicare followed by food, then housing (House paid off, but prop taxes, insurance and maintenance together make it the 3rd largest expense.)
by MathWizard
Sat Feb 02, 2019 9:27 pm
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4495

Re: On average, do people who use EJ, etc. come out ahead?

Come out ahead of whom?

People who invest, even with high fees, come out ahead of those who don't invest at all.

Those paying high fees to advisors are going to lose on average compared to this who are investing in a diversified portfolio
with low fees.
by MathWizard
Fri Feb 01, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: The "never sell" method for staying the course
Replies: 28
Views: 3349

Re: The "never sell" method for staying the course

The biggest cause of failure is investor behavior, so if this is what is needed for you, then go ahead. When portfolio balances are small, redirecting new contributions to do the rebalancing is generally enough except for events like in 2001/3 and 2008/9. Once the portfolio is large relative to cont...
by MathWizard
Fri Feb 01, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits Question
Replies: 18
Views: 1896

Re: Social Security Benefits Question

I suggested essentially the same plan to my older brother, as his wife was born in 1952, and they are executing it this month. This which will get them about $30K more that his original plan over the next 4 years. Unfortunately for me, my wife and I I are just enough younger that we will not have th...
by MathWizard
Thu Jan 31, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 145
Views: 8080

Re: Were you 100% debt free at retirement

I've been debt free for 2 yrs. Other than mortgage, I've been debt free for 15 yrs.

Not retired yet.
by MathWizard
Wed Jan 30, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: Retirement spending rate and equity allocation - no benefit for higher allocations
Replies: 4
Views: 484

Re: Retirement spending rate and equity allocation - no benefit for higher allocations

Safe spending rates from retirement portfolios depend on both portfolio returns and the predictability of returns. While portfolios with higher equity allocations may have higher long term returns, the predictability (volatility) of those returns is lower, and this affects the safe spending rate. T...
by MathWizard
Wed Jan 30, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: $120 per month for sewer charge? Seems high to me.
Replies: 23
Views: 1514

Re: $120 per month for sewer charge? Seems high to me.

We did not have that high a cost, but did notice a drop on cost when the kids moved out. If this is caused by sewage costs caused by lots of watering (sewage costs measured by water in = water out sewer) our city allows one to rent a separate water meter to attach to your outside watering faucet. Th...
by MathWizard
Wed Jan 30, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: AARP worth it for non-retirees who don't travel much?
Replies: 23
Views: 1905

Re: AARP worth it for non-retirees who don't travel much?

I only got it for the hotel discount, if not for that, I likely would not have it, so I would say it would not be worth it for you. I read the magazines they send me, but could do without. The hotel savings have more than paid for the membership fee, and I have been asked for the card, so I got an A...
by MathWizard
Tue Jan 29, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Max out retirment funds before saving for kid's college?
Replies: 54
Views: 2329

Re: Max out retirment funds before saving for kid's college?

You don't have to Max tad advantaged first, you just need to make sure you are on track for retirement. I did make sure that we were on track for retirement first, but did not have to Max tax deffered to do that. With the match, I was saving 15% in tax deferred. I maxed Roth for both of us ,because ...
by MathWizard
Mon Jan 28, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Public Pension vs. SS
Replies: 8
Views: 1018

Re: Public Pension vs. SS

Your friend is likely affected by the Government Pension Offset (GPO). The link below provides more information: https://www.ssa.gov/planners/retire/gpo.html You are right. What I understand is that if the wife did not contribute to ss but has a government pension, she is not qualified of ss. The G...
by MathWizard
Sat Jan 26, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: Argument against equity in early stage?
Replies: 75
Views: 3472

Re: Argument against equity in early stage?

I am not saying that an EF is unnecessary; I believe that they are. But I believe that a young person with an adequately funded EF can prudently have a 100% stock allocation, and I'm far from the only one who believes that. There's nothing magical about 100/0, 90/10, 80/20, 70/30, etc. We could arg...
by MathWizard
Sat Jan 26, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriate age to communicate your will/wishes to your kids
Replies: 57
Views: 4095

Re: Appropriate age to communicate your will/wishes to your kids

We did it when the youngest graduated college. We also added to will naming one executor and set them up to take care of finances and medical matters if neither of us is capable. They know we have no debts, where we bank and that papers are in a safe and bank safety deposit box. The have a rough ide...
by MathWizard
Sat Jan 26, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 45
Views: 3830

Re: Where do you keep your emergency fund?

First tier 2-3 month in savings, brick & mortar
Second tier Roth contributions.
Roth contributions total 40 months expenses.
The Roth is currently 60//40 AA.
by MathWizard
Fri Jan 25, 2019 5:40 pm
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 47
Views: 4738

Re: How will you spend your retirement money?

The next 4 years will tell the tale. If I'm out after one year: we maintain a basic lifestyle, don't travel, but can have health ins, can feed/clothe ourselves and keep ourselves warm in the winter, cool in the summer , and maintain the house and update cars as needed, but not much else. Entertainme...
by MathWizard
Fri Jan 25, 2019 2:19 pm
Forum: Investing - Theory, News & General
Topic: Why don't good ideas beat the market?
Replies: 33
Views: 2625

Re: Why don't good ideas beat the market?

To beat the market you have to know something the majority don't. Consistently. Also, you have to do so without insider knowledge. Knowledge (other than inside knowledge which is illegal) is more widespread. Benjamin Graham himself said this back in 1976. "I am no longer an advocate of elaborate te...
by MathWizard
Fri Jan 25, 2019 12:59 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 5023

Re: Should I dump our wealth planner/financial advisor?

Thanks, all, for the reinforcement of what I think I had already decided. I think our advisor added value while we were raising our kids and saving for college, but I'm at a point in my life where I can manage things myself. Now the hard part--we've built a relationship over years. If the relations...
by MathWizard
Thu Jan 24, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Student financial aid and lowering net pay
Replies: 27
Views: 1109

Re: Student fincial aid and lowering net pay

Remember that qualified expenses, tuition in particular, apply towards a tax credit (Amer. Opportunity Credit) of up to $2500 each year for up to 4 years. So if you are paying tuition for her, you will likely spend this much. I believe that required contributions to a 401k don't count as income on t...