Search found 3995 matches

by MathWizard
Mon May 25, 2020 5:28 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 70
Views: 5712

Re: I have no risk tolerance: where am I supposed to keep my money?

The big mistake that people make is comparing to a previous high.
The DJIA did not go above 2500 until Mar 1927 then it doubled in just over 2 years.

The DJIA went back up to 2500 by 1935 not counting dividends and deflation.

You won't put all your money in at the high.
by MathWizard
Mon May 25, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 67
Views: 5148

Re: Car shopping PHEV / ICE / or all electric?

I like my Toyota Avalon Limited Hybrid. Good in town fuel efficiency, and I don't have to worry about plugging it in. For a plug-in vehicle I would need to install at least a 220V charging station . I considered a Tesla,but it was too expensive with all the options I wanted, and I would still need t...
by MathWizard
Mon May 25, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 61
Views: 4860

Re: At what moment does retirement begin?

My retirement began on January 3, 2017, at precisely 12:00 noon Eastern Standard Time. That's the moment at which I sat in the Business Manager's office and signed the piece of paper making my separation official. I had already handed my workplace keys and cell phone over to my successor and turned...
by MathWizard
Mon May 25, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 31
Views: 3927

Re: Worried about sibling financial future

I have a younger sister who may need help, but I have lots of brothers who could help. She is pretty independent, so I am just looking to make sure my family is OK, and being very conservative with my estimates of what I can withdraw. I should then have plenty if she needs help. One possibility is ...
by MathWizard
Sun May 24, 2020 11:05 pm
Forum: Personal Consumer Issues
Topic: Update current laptop or buy new one?
Replies: 30
Views: 1582

Re: Update current laptop or buy new one?

Because of the hinge, I would replace it.

The battery issue would also be another reason for me.

I replaced the spinning drive in my laptop with a small SSD, but not the RAM, to gain another 2 years, then I replaced it .
by MathWizard
Sun May 24, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 31
Views: 3927

Re: Worried about sibling financial future

I have a younger sister who may need help, but I have lots of brothers who could help. She is pretty independent, so I am just looking to make sure my family is OK, and being very conservative with my estimates of what I can withdraw. I should then have plenty if she needs help. One possibility is w...
by MathWizard
Sun May 24, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for undertaking a PhD
Replies: 47
Views: 2822

Re: Financial advice for undertaking a PhD

Be aware that after a PhD you will probably have to take a PostDoc position at a relatively low salary after the PhD, so add 1-2 years to the length of time living like a student. Financially: I have a PhD, and my starting full-time salary after a postdoc position was the same, inflation adjusted, a...
by MathWizard
Sun May 24, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 55
Views: 3043

Re: New Tires or New Car?

Buy a new set of tires,it is an expected cost of ownership.

Keep one of the old tires if you expect the same problem will happen again.
by MathWizard
Sat May 23, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go to grad school?
Replies: 24
Views: 1599

Re: Should I go to grad school?

If this will require leaving your job, I would not do it. I would suggest a management degree like you or thinking of or an MBA from a local school. Keep your job and do a part time program on Saturdays. You would likely be moving into management. You can show that you are doing professional develop...
by MathWizard
Fri May 22, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 341
Views: 24182

Re: The axe falls and I am prepared. What's next?

F) Late 50+ years old. My question is 1) Is it really worthwhile for me to continue working? I worked in the IT area. If I want to stay in this area, I have to study 10 to 20 hours per week just to keep up with the latest technology. 2) If I do contract work, how much should I get paid before it is...
by MathWizard
Thu May 21, 2020 10:00 pm
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2715

Re: Should I pull my CDs out?

You must have over $300K in the Money Market. Myself, if the early withdrawal penalty is still in effect, I would use money from the Money Market, which is likely earning less than the CDs, and cash CDs as I needed them. (You don't have a single $300K CD I assume.) The point of getting the mortgage...
by MathWizard
Thu May 21, 2020 9:54 pm
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2715

Re: Should I pull my CDs out?

You must have over $300K in the Money Market. Myself, if the early withdrawal penalty is still in effect, I would use money from the Money Market, which is likely earning less than the CDs, and cash CDs as I needed them. (You don't have a single $300K CD I assume.) You would use the MM account for ...
by MathWizard
Thu May 21, 2020 12:04 pm
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2715

Re: Should I pull my CDs out?

You must have over $300K in the Money Market.

Myself, if the early withdrawal penalty is still in effect,
I would use money from the Money Market, which is likely earning less than the CDs,
and cash CDs as I needed them. (You don't have a single $300K CD I assume.)
by MathWizard
Thu May 21, 2020 11:47 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11402

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

This is your first post. Welcome to Bogleheads. You will get a lot of good advice here. I am going to assume that you were not in the market (or have very much invested) in 2000 or 2008, or else 5% moves would not surprise you. If that is the case, your contributions are more important that return o...
by MathWizard
Wed May 20, 2020 4:57 pm
Forum: Investing - Theory, News & General
Topic: Ditch 401K for Roth to reduce taxation of SS Benefits
Replies: 18
Views: 1494

Re: Ditch 401K for Roth to reduce taxation of SS Benefits

I may not have stated my case clearly. We are looking to reduce taxes on SS benefits that we hope to collect in retirement. I think there is a certain income threshold at which 50% of the SS benefits become taxable income and another threshold at which 85% of the benefits become taxable income. Let...
by MathWizard
Tue May 19, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Sources for N95 masks
Replies: 44
Views: 3420

Re: Sources for N95 masks

Can you drive rather than fly? I had a flight booked in late March. 9 hours counting the long layover (no direct flights) I cancelled the flight and planned a 20 hour road trip, staying in a hotel halfway. Driving sounded safer, just me and my wife. My wife and I regularly do 400 mile trips. I've do...
by MathWizard
Mon May 18, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How to convince amazon.com - Spending is difficult and confusing to track
Replies: 17
Views: 2123

Re: How to convince amazon.com - Spending is difficult and confusing to track

I'm not sure why you have this problem, do you have multiple people accessing the same account? An alternate and quicker solution is to: Create multiple accounts with different passwords, and only use gift cards on only one of the accounts. To get a large company's attention, you need a competitor t...
by MathWizard
Sun May 17, 2020 9:37 am
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3408

Re: Must carry more than one credit card

When you travel and use the CC more frequently, at places far from home, it looks strange to the fraud algorithm. Fraudsters start with some small purchases first, so having some cash allows you to avoid so many charges. I only had one CC declined due to me using my CC too often for small charges at...
by MathWizard
Sat May 16, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7683

Re: Income about to be halved - what do we do?

Get rid of Sirius radio. Tractor payment is nearly $400/month but will be paid off in under 3 years. Hold up on 529 and IBonds . The current circumstances will not last forever. Electric seems horribly high. Electric water heater? Do you heat the home with electricity? My elec bill is about $60/mont...
by MathWizard
Sat May 16, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Emergency Fund?
Replies: 16
Views: 1536

Re: Increase Emergency Fund?

Do you have a Roth?

That can be a 2nd tier of your EF? The Boglehead wiki has
details.

When I was young, I didn't keep a large EF, but then it was a large percentage of my total assets.
by MathWizard
Sat May 16, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12053

Re: Selling home - low ball negotiation

Did I read your post correctly that they offered 10% of your asking price?! If that’s the case, I don’t see much point in negotiating. That seems like a bad faith offer IMO. No. They offered around 89% of the asking price. 11% below your asking price is not lowballing. You, potentially with the rea...
by MathWizard
Sat May 16, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2459

Re: [any downside to telling your parents your income?]

Since you are asking about possible downsides: Suppose that one of your sibling falls on hard times. It might be hard for your parents not to suggest that you will come to their aid, since you are "killing it". I all depends on your family. My kids have told me how much they are making. Our kids rou...
by MathWizard
Fri May 15, 2020 9:58 am
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1649

Re: 0% Employer Match 401k Questions

The usual advice is to 1) contribute to 401k up to match, 2) then IRA (I prefer Roth) up to max 3) then 401k up to max 4) taxable account Other vehicles , 529s and HSAs not being included here. Some you get no match, step 1 is $0 step 2 is up to $6k if you are below age 50 step 3, above $6k would t...
by MathWizard
Fri May 15, 2020 8:31 am
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1649

Re: 0% Employer Match 401k Questions

The usual advice is to 1) contribute to 401k up to match, 2) then IRA (I prefer Roth) up to max 3) then 401k up to max 4) taxable account Other vehicles , 529s and HSAs not being included here. Some you get no match, step 1 is $0 step 2 is up to $6k if you are below age 50 step 3, above $6k would th...
by MathWizard
Thu May 14, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2906

Re: Leaving a Job Voluntarily during a pandemic?

At 30, no, unless I had a gig lined up elsewhere.

I'm near the end of my career, just recently Financially Independent, and
might take such an offer.
by MathWizard
Wed May 13, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3429

Re: Companies that have a pension and 401k?

Teaching, but where I am, they only kick money into the pension, no match on the 403b,
but you can tax defer $19,500 (or $26,000 if you are over 50)

We were only able to fully utilize this when my last child was almost out of college.
by MathWizard
Tue May 12, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Used Car for Son
Replies: 20
Views: 1233

Re: Buying Used Car for Son

The 2014 with fewer miles. My wife was driving a 2000 until Aug 2017, when we gave it to our youngest. I was driving a 2002 until last Nov. I keep the cars maintained well, and don't drive many miles in a year. Cars can last if you maintain them. My eldest likes his Elantra, which he bought himself ...
by MathWizard
Tue May 12, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hang on to old car or buy new one?
Replies: 38
Views: 2087

Re: Hang on to old car or buy new one?

#2 We did that with both kids.
by MathWizard
Tue May 12, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4098

Re: What age do you use for retirement end date?

I am married, so I need to include my wife. I am planning using 85 for me, 100 for her. My parents & grandparents never made it past 80, but they were all poor, and wealthier people tend to live longer. My wife's aunts both lived till 98, her mother lived until 88, and one grandparent lived to 101. ...
by MathWizard
Mon May 11, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8264

Re: Percentage of savings to "prepping"?

No percentage. I am not planning for the zombie apocalypse, but for those natural disasters that occur with increasing frequency. Preparations: I have enough to handle a few days. I grew up in blizzard country where there might be multiple days where you could not get to the next town for groceries,...
by MathWizard
Mon May 11, 2020 4:36 pm
Forum: Personal Investments
Topic: How to adjust for inflation in retirement planning?
Replies: 19
Views: 1102

Re: How to adjust for inflation in retirement planning?

Definitely do things in real (inflation adjusted) terms. The real return of investments tends to be more stable than the nominal. Then adjust those things that do not track with the normal inflation which is quoted. Health Care: A retirement advisor suggested health care costs adjusted at 2% above n...
by MathWizard
Sun May 10, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: $5k - $7k to replace engine, or get something else? (loan on car)
Replies: 105
Views: 6313

Re: $5k - $7k to replace engine, or get something else? (loan on car)

The purchase price is irrelevant at this point. Yes, irrelevant to the question of what to do with the car. But taking a car loan at 4% really means OP took a loan at 4% to invest, probably back when it seemed markets would only ever go up. And that was a bad idea. Pay it off ASAP even if keeping t...
by MathWizard
Sat May 09, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: IE, Chrome or Firefox, that is the question.
Replies: 53
Views: 2963

Re: IE, Chrome or Firefox, that is the question.

I used to love Firefox, but Chrome is better.

I use it on Mac and Windows, and of course my Android phone.
by MathWizard
Thu May 07, 2020 5:26 pm
Forum: Personal Consumer Issues
Topic: Will a vpn complicate or improve my internet experience?
Replies: 54
Views: 3642

Re: Will a vpn complicate or improve my internet experience?

Unless you need to use a VPN because your company requires it, I would not use one. The case for a VPN is when you need to look like you are on your company's campus. Most VPNs that you will use are split-tunnel, which means that you can access certain site via the VPN, and others directly (not thro...
by MathWizard
Thu May 07, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: keep emergency cash at local bank?
Replies: 26
Views: 1226

Re: keep emergency cash at local bank?

No you are not being irrational. I keep more than that. Yes, my savings is 0.15% as well. One option is to use a CD at the bank for some or most of the money. The interest is not great, but it is over 1% for me. The worst case is that I pay an early withdrawal fee, forfeiting 3 months interest. I th...
by MathWizard
Wed May 06, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5759

Re: Dealer won’t give back car titled in my name, how to proceed?

I am not very impressed with the actions of your brother, either to you or the dealer. It sounds like your brother committed fraud. He sold a car that he did not own. I would be careful that it does not look like you are abetting this. If it were me, I would eat the money, and never loan money like ...
by MathWizard
Tue May 05, 2020 1:24 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

So what else do I NOT know about the couple of years before retirement? What worked for you? What was a fail for you? I know all situations are somewhat different. Once you retire, your new job is to figure everything out. I would respectfully disagree. If you don't figure it out, and have continge...
by MathWizard
Tue May 05, 2020 1:04 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

There's a social security tax "cliff". Essentially if you make additional income over your SS check, such as RMD withdrawals from IRA or any other source, you could push yourself into a higher SS tax bracket and that means more taxes. Single: Income between $25,000 and $34,000, 50% of your SS benef...
by MathWizard
Tue May 05, 2020 12:59 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

So what else do I NOT know about the couple of years before retirement? What worked for you? What was a fail for you? I know all situations are somewhat different. Once you retire, your new job is to figure everything out. I would respectfully disagree. If you don't figure it out, and have continge...
by MathWizard
Mon May 04, 2020 9:46 pm
Forum: Personal Consumer Issues
Topic: Where do you back up your important data?
Replies: 102
Views: 5088

Re: Where do you back up your important data?

Passwords in One password Pictures in Google photos Deeds passports wills birth certificates marriage license etc in safety deposit box. Less important stuff in filing cabinet and fireproof safe. Some data on various USB drives, and some files in my office at work. I'm not sure what else is really i...
by MathWizard
Mon May 04, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5028

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

Google Authenticator or Authy are two types of (free) One-Time Time-Based Passcodes (OTTP) . You can download these on your phone from the Apple App Store or the Google Play store. Do these work on a phone that does not get cell service, i.e. my "old" phone? I presume these apps need the device clo...
by MathWizard
Fri May 01, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to store financial statements in the cloud?
Replies: 48
Views: 3386

Re: Is it safe to store financial statements in the cloud?

I do keep some information in the cloud, but only that which is encrypted.

Hopefully Vanguard and TIAA are keeping my finances at least that safe.
by MathWizard
Fri May 01, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: Even if today was not Friday, it would not be a bona fide RBD.
Replies: 25
Views: 2473

Re: Even if today was not Friday, it would not be a bona fide RBD.

Why is a Friday exempted?
Is it because an order might not be executed until Monday?
by MathWizard
Fri May 01, 2020 3:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5028

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

...These are initialized with a key that you are sent (often a QR code that you can import into the app with a bar code scanner via your phone's camera) Once initialized, the app will ... Hoah, this part is a bit over my head. Thank you for the info thou. I will have to chew on it for a few days. A...
by MathWizard
Fri May 01, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5028

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

App-based 2FA is so much more flexible. Could you please help this non-tech savvy person get educated? What is an App-based 2FA? I am a PC user. My knowledge about 2FA signin at VG is limited to these steps: open the browser, click vanguard.com, a voice code sent to my home phone, enter the code in...
by MathWizard
Fri May 01, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: Roofing Experts... Help me Identify my Shingles (w/ links to pics)
Replies: 16
Views: 1139

Re: Roofing Experts... Help me Identify my Shingles (w/ links to pics)

I'd tear off and re-roof from the the decking, but I'm a bit of a perfectionist. I would too! I did. Tearoff of full roof/garage and shed. I did need help. Caveat: Don't do this unless you are very comfortable on the roof. I have a low sloped roof 4 foot rise over 12 foot. My FIL's roof was steeper...
by MathWizard
Thu Apr 30, 2020 8:59 pm
Forum: Personal Consumer Issues
Topic: Roofing Experts... Help me Identify my Shingles (w/ links to pics)
Replies: 16
Views: 1139

Re: Roofing Experts... Help me Identify my Shingles (w/ links to pics)

Asking a roofer is probably a good idea, or just take one extra shingle with you to the lumber yard. If I had to, I would have said driftwood, since it looks like the shingles I put on my house. The ones on the house may have faded some from sunlight, but the stored ones should've OK for comparing. ...
by MathWizard
Thu Apr 30, 2020 2:06 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6587

Re: Has your budget changed? What items have you cut out?

We've cut out commuting, travel and eating out. Electric bill is up, and we added one streaming service, but have no cable TV, just internet. My base budget is $46K/yr after taxes and health ins. plus an estimated $5K/yr for home maintenance and car replacement, so $56K total. That is without changi...
by MathWizard
Wed Apr 29, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4277

Re: Is it always smart to buy points (mortgage)?

I only bought points once. I refinanced before I hit the breakeven point.
by MathWizard
Tue Apr 28, 2020 3:39 pm
Forum: Personal Investments
Topic: Anyone Heard of the Dividend Machine or High Yield Landlord?
Replies: 59
Views: 3776

Re: Anyone Heard of the Dividend Machine or High Yield Landlord?

Bernie Madoff's clients had a pretty consistent "return" of 10% year over year. I'm sure that he got lots of clients by referrals. If it sounds to good to be true ... For example, a top pick of these guys is the ticker EPR (EPR Properties) which has a dividend yield of 17.65% for the last 9 years a...