Search found 2572 matches

by MathWizard
Mon Oct 16, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Making a Roth IRA for my Dad
Replies: 16
Views: 580

Re: Making a Roth IRA for my Dad

I believe that if he is in and stays in the 15% tax bracket that long term capital gains is not taxed. (Make sure that you verify this.) He will only be able to put 6,500 in a year (His spouse could also put in $6,500 bag on his earned income.) This assumes at lease $6,500 (or $13,000) earned income...
by MathWizard
Mon Oct 16, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 2810

Re: Bonus pushed back - should I be annoyed?

OP, I think you are over-reacting. Getting upset will not help you. Consider that the other employees around the globe were upset about receiving their bonus later. Should they have been upset? What are there wages compared to yours? Ultimately, worrying about what is "fair" will get you nowhere, un...
by MathWizard
Mon Oct 16, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 2810

Re: Bonus pushed back - should I be annoyed?

ResearchMed wrote:
Mon Oct 16, 2017 10:10 am
What is "NA"?

RM
I'd guess North America, since the rest of the sentence refers to the rest of the globe.
by MathWizard
Fri Oct 13, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2399

Re: Too old to invest at 70+ years?

Did they take SS early, or wait until 70? 200K at 70 having delayed SS until 70 is much different than $200K at 70 having taken SS at 62. I know a lot of people who take SS as soon as possible, and pass up an excellent "longevity insurance" by just waiting to claim. I started SS as soon as possible...
by MathWizard
Thu Oct 12, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2399

Re: Too old to invest at 70+ years?

Yes, 70 is too old to "start" investing. If they were going to be investing, they should have been in the market long ago, and should have decided to do so on their own, not convinced. That would not end well. My MIL was at our house when I was teaching my son about investing. I was giving him exam...
by MathWizard
Thu Oct 12, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4141

Re: 10 year anniversary of the beginning of the Great Recession

I was 58 and looking forward to a comfortable retirement. At the bottom I apologized to my wife for the 50% loss in my 401k and our Ira's. Had open heart surgery that following year but stayed the course 100 equity until I turned 62 then started on a glide path towards 50/40/10 . Market was very go...
by MathWizard
Thu Oct 12, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2399

Re: Too old to invest at 70+ years?

Yes, 70 is too old to "start" investing. If they were going to be investing, they should have been in the market long ago, and should have decided to do so on their own, not convinced. That would not end well. My MIL was at our house when I was teaching my son about investing. I was giving him examp...
by MathWizard
Thu Oct 12, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6173

Re: Best Career Advice for those over "50"

Pretty much the same things, just avoid some of the traps. When new team members come up with things, don't discourage them by saying, "We tried that 20 years ago and it didn't work, so don't bother." If they have ideas, you can let them know what difficulties you had in the past and why, but those ...
by MathWizard
Tue Oct 10, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 23
Views: 2852

Re: Why is inflation so low? Moore's law?

Moore's law has to do with printed circuits of semiconductors where transistors can be made smaller by using smaller wavelength photolithography. This is a very unique manufacturing technique, and does not apply to other areas. The only effect of Moore's law would be indirect, with cheaper computing...
by MathWizard
Tue Oct 10, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please define "cash"
Replies: 31
Views: 1929

Re: Please define "cash"

For me, anything that is highly liquid, and backed by the "full faith and credit of the US Government" is the same as the US dollar. This includes dollars, FDIC insured savings, CDs, treasury notes. These have no more risk than holding dollars. Non-FDIC Money markets are probably safe as well, but w...
by MathWizard
Tue Oct 10, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 5531

Re: Made a career mistake- advice/next steps

The senior leader could have been saying that to be nice, but let's assume that we can take the senior leader at your old company at his/her word. I would ask how it happened that you were underpaid, and if he/she can offer any advice on how that could have been avoided. I'd ask if there were other ...
by MathWizard
Tue Oct 10, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 97
Views: 5110

Re: Has your "risk tolerance" been tested?

Yes, 2001/2003 and especially 2008/2009. I re-balanced into stocks each time. In 2008/2009 I did increase the cash cushion in my fist tier EF, since there were some employee cutbacks, but there were no layoffs in my group since our revenue did not drop, and my company did not want to endanger that r...
by MathWizard
Tue Oct 10, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: When to buy new tires? - penny or quarter test
Replies: 35
Views: 2162

Re: When to buy new tires? - penny or quarter test

I used to replace using wear bars, which I believe was the same as the penny test. I have more money now and replace based on age since tires deteriorate. I use 6 years. Since I buy very good tires, and don't drive very many miles in a year, the tires still have plenty of tread. If I did not, I woul...
by MathWizard
Fri Oct 06, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 137
Views: 13500

Re: Bogle himself is saying we will expect like 3% for the next decades

I look at 30 year returns, not 10 year. My guess on the 10 year is that we'll be lucky if the 10 year real return is above zero, but I could be wrong . If I knew when a drop would occur, I could make a bundle but I don't, so I can just hold some bonds, and rebalance into equities when/if a large dro...
by MathWizard
Fri Oct 06, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 1964

Re: Negotiating merit scholarships

I don't think you will be able to negotiate merit scholarships. A full ride scholarship typically only pays tuition & fees for an in-state student for 4 years, not living expenses. Both my son, a nephew, and myself were Natl Merit Finalists, and none of us got better than a full in-state tuition. Th...
by MathWizard
Thu Oct 05, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 4622

Re: Are stocks going up only because all the alternatives are lousy?

We keep hearing the warnings about high stock valuations and possibility of market losses, poor returns, etc. I believe it, but every time I think about what to do about it, all the other choices stink, so I stay in stocks. And they keep going up for no good reason that I can discern. Cash? no retu...
by MathWizard
Thu Oct 05, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11048

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats!

Sorry to hear about your mother.
by MathWizard
Thu Oct 05, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3768

Re: How do you value your time?

On many things, I can do a job as well or better than a professional, because I take my time, and will use the best materials. On those things which I cannot, I pay someone else. If you can do the same level of work, and no better, I'd think of what your hourly pay amounts to and use that. You can t...
by MathWizard
Thu Oct 05, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2843

Re: That blank stare... ?

It started out that way, but not anymore. My spouse even fought me on contributing to retirement pans, it as she wanted to buy a house. We invested the minimum in my employer's plan to get the match, and that was all. After getting a house, and paying off school loans, I push to max Roth IRAs for ea...
by MathWizard
Wed Oct 04, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 3271

Re: Cash in a local bank or credit union

I typically keep about 5 months worth of expenses in the local CU.

I just replaced a car, so it is down right now, but building back up every month.
by MathWizard
Wed Oct 04, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5520

Re: Does anyone hold cash?

Just in my first tier EF. Normally about 2-3% which would last me about 5 months (health insurance would
be the biggest single expense by far.)
by MathWizard
Wed Oct 04, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Need compact point and shoot camera recommendations
Replies: 32
Views: 1916

Re: Need compact point and shoot camera recommendations

I don't have any specific recommendations but you can usually get a good deal on refurbished Canon cameras when you buy directly from Canon and they come with a Canon warranty. I have bought refurbished DSLR's from them and they looked like new and I never had any problems with them. https://shop.u...
by MathWizard
Wed Oct 04, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18245

Re: What age did you become debt free and what opportunities did it create?

At age 58 (last year). We first worked at increasing tax advantaged saving. At age 58, we maxed that out, and had extra money, so instead of earning 0.15% in a savings account, we paid off the 3.875% house loan early. In the past year, we were able to replace a very old car that had a number of prob...
by MathWizard
Tue Oct 03, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9111

Re: Senior citizens can lose everything [to professional guardians via court rulings]

An earlier Forbes article on this suggest that this happens more often in families where there is conflict within the family. They have some suggestions at the end of the article which are similar to what has already been suggested by previous posters. The key may be in having POA and a health care ...
by MathWizard
Sun Oct 01, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Reach out to hiring manager directly on LinkedIn?
Replies: 52
Views: 2924

Re: Reach out to hiring manager directly on LinkedIn?

As a hiring manager, I see no downside in this. Worst case if the company policy requires that you go through HR, they will just tell you and you will be no worse off. Even then, I would appreciate the initiative. As a hiring manager, I would naturally be a little irked if someone did this to me, a...
by MathWizard
Sun Oct 01, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: IRA contribution issue
Replies: 6
Views: 317

Re: IRA contribution issue

I've been in that situation. I don't contribute to my IRA until I fill out my taxes for that year. I made my 2016 contribution in March of 2017. I just save up in my savings account / first tier EF in 2016 and make the contribution in 2017. I'll be able to make a contribution for the last year that...
by MathWizard
Sun Oct 01, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: time to transfer money to Vanguard, grumble, grumble
Replies: 28
Views: 3691

Re: time to transfer money to Vanguard, grumble, grumble

Every transfer from TIAA-CREF to Vanguard that I started from Vanguard ended up having to be re-initiated through TIAA-CREF. Both organizations are well known companies, so it should be easy, but it has not been. I used to complain, but given the recent high profile online security breaches, maybe t...
by MathWizard
Sun Oct 01, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: IRA contribution issue
Replies: 6
Views: 317

Re: IRA contribution issue

I've been in that situation. I don't contribute to my IRA until I fill out my taxes for that year. I made my 2016 contribution in March of 2017. I just save up in my savings account / first tier EF in 2016 and make the contribution in 2017. I'll be able to make a contribution for the last year that ...
by MathWizard
Sat Sep 30, 2017 10:02 pm
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 5976

Re: Is it a waste of money having your furnace checked every year?

I sign up for furnace and an A/C check down each year. $120 total.

If the furnace quits in the winter, I get to be front of the line, since I
have planned service, and nothing would be going wrong. Better than having to wait
with a broken furnace when it is 20 below out,
by MathWizard
Sat Sep 30, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 4347

Re: 20% Down Payment Sub-optimal?

I put 20% down to avoid PMI and for peace of mind. I still had a few years of payments on college loans, as well as wanting to save for my kids college costs less than 10 years away. With the same amount, I could have paid the same amount as a 10% down on twice the house, which is what the realtor w...
by MathWizard
Mon Sep 25, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 317
Views: 51565

Re: Any books really change your outlook on life?

The first book on deductive logic, steering me towards mathematics.

Books by Clarke and Asimov convincing me to become an engineer.

I ended up with degrees in both.
by MathWizard
Mon Sep 25, 2017 8:52 pm
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 6123

Re: Which is better a Cryptocurrency or Gold?

Gold is marginally better because it has some intrinsic value.

Neither is a good option though.
by MathWizard
Thu Sep 14, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Retirement - Living in Colorado
Replies: 33
Views: 3473

Re: Retirement - Living in Colorado

Colorado Springs is listed in: https://www.thestreet.com/story/13291294/2/the-15-best-places-to-live-in-the-united-states.html but so is Sioux Falls SD. That is about 15 minutes from Minn, and has no state income tax, unlike Minn or Colorado, though Colorado has a lower top tax rate than Minn. See h...
by MathWizard
Tue Sep 12, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 10645

Re: The 10 year car ownership "rule"

I've bought cars more than 10 years old. They just have to be in good mechanical shape.
Mileage is a little more important for me. I also work on my cars, so that may allow me more leeway on
the age of the car.
by MathWizard
Tue Sep 12, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think
Replies: 49
Views: 5935

Re: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think

There is tolerance of risk, and need to take risk. I also do not ascribe to the notion that there are truly risk-free assets. There are only assets which have risks relative to one another. The so-called risk-free assets (FDIC insured or Treasuries) still have inflation risk and for a retiree, longe...
by MathWizard
Fri Sep 08, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Actually feeling pretty good about my active decisions
Replies: 20
Views: 2603

Re: Actually feeling pretty good about my active decisions

I'm happy for you. You need to choose your own way to financial success. I would not advocate this to anyone else, as it is risky, but maybe you are one of the few who has the time and ability to be able to do this. We need some active investors risking their own money to make these value decisions ...
by MathWizard
Fri Sep 08, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Scanning Documents for Long Term Storage
Replies: 20
Views: 2100

Re: Scanning Documents for Long Term Storage

If it were me, I'd have Copyworks just scan them onto a USB drive, thus would be cheaper than buying a high-speed scanner, and faster than using an all-in-one scanner. You have to remove all staples, and just hand them the stack. Alternatively, I'd buy an SD card for my digital camera, and just snap...
by MathWizard
Thu Sep 07, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: What does "beat the market" mean?
Replies: 40
Views: 1815

Re: What does "beat the market" mean?

Really neither. My version is: It is impossible to the weighted average return over all investors in a market to beat the average return of the market. Boiled down this says that X is not greater than X. The last part of the sentence is the return of a total market index fund (TMIF) before costs, a...
by MathWizard
Thu Sep 07, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 4882

Re: how often does high ACT score == scholarship?

OP, It was our experience that state universities printed in black and white the amount of scholarship provided based on the ACT score, e.g. 33-36 = full tuition, 29-32 = $2500 per year, etc. I assume you've read their material? Good luck! A quick search indicates Wisconsin does not have such autom...
by MathWizard
Thu Sep 07, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: What does "beat the market" mean?
Replies: 40
Views: 1815

Re: What does "beat the market" mean?

Really neither. My version is: It is impossible to the weighted average return over all investors in a market to beat the average return of the market. Boiled down this says that X is not greater than X. The last part of the sentence is the return of a total market index fund (TMIF) before costs, at...
by MathWizard
Wed Sep 06, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5550

Re: What is the main purpose of holding your current job?

For the money, but also for a sense of purpose.

I could do with less stress though. I hope to reach FI within the next 3 years, then I think the
stress will be less, as I could always just walk away.
by MathWizard
Wed Sep 06, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8685

Re: When calculating net worth, how do you value your house?

I use the property assessment. Net worth really does not mean much, but then I could sell my house and rent. If I don't make the equity of my house part of NetWorth, I am suddenly worth more just because I sold my house, when it really should not have changed my NW by very much. I'm much more intere...
by MathWizard
Wed Sep 06, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5726

Re: Wife believes 7+% returns from stock market are guaranteed

I agree with Victoria that the answers seem condescending towards the wife. We are all investors here, so we must believe in the stock market, at least with a low cost diversified portfolio. In fact, I think the OP is fortunate. Many of the people I talk with consider the stock market to be rigged a...
by MathWizard
Tue Sep 05, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8209

Re: Do retiree BHs actually run down their portfolios?

Not retired yet, but soon. I plan to withdraw more from my portfolio than a standard 4%, before age 70, especially from tax deferred up to the top of the 15% bracket to defer SS benefits until 70 convert to ROTH and avoid some RMDs spend more early on while they are young and able to travel In other...
by MathWizard
Mon Sep 04, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3405

Re: How much weight do you put on back-testing?

All the data we know is from the past.
What else can we do except back test?
by MathWizard
Sun Sep 03, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: effect of home purchase on AA
Replies: 11
Views: 1022

Re: Affect of home purchase on AA

The theory is that one should control the expected return and expected risk of a portfolio by adjusting the stock/bond allocation appropriately. If you arrived at the 50/50 allocation by some sort of reasoning along those lines, then when you add money or take money out and you are now significantl...
by MathWizard
Wed Aug 30, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7341

Re: How much sooner could you retire with NO property taxes?

Hard to see how this is actionable. The way would be if you are moving someplace with no property taxes. Maybe actionabe if you were discussing downsizing, and how that affected total expenses, property taxes which would just be one of these (maintenance, utilities, insurance, etc.). There might be ...
by MathWizard
Sat Aug 26, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6755

Re: Bosch dishwasher?

We just bought a Bosch to replace our whirpool that died.

The new $800 Bosch is so much quieter that I sometimes am not sure I have started it.
by MathWizard
Sat Aug 26, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Advantages/disadvantages of using roth for nonretirement
Replies: 14
Views: 1375

Re: Advantages/disadvantages of using roth for nonretirement

If you are leaving IRA room, go ahead and put money in a ROTH. Some places will keep track of what you have contributed. You can always do it on a spreadsheet or keep old check registers with notes. It will become moot once you turn 59 1/2 My credit union has Roth IRA CD's. You could also use those,...
by MathWizard
Fri Aug 25, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Taxes and safe swr
Replies: 41
Views: 2092

Re: Taxes and safe swr

i-orp

takes Taxes from tax deferred accounts and taxable benefits from SS into account

See:

Code: Select all

https://www.i-orp.com/gamma/index.html