Search found 3014 matches

by MathWizard
Thu Nov 15, 2018 1:00 am
Forum: Personal Consumer Issues
Topic: Mobile cellular hotspot for low data use
Replies: 15
Views: 766

Re: Mobile cellular hotspot for low data use

I use a my google FI phone for this. The only cost for using the hot spot is the data used.

$20/month for unlimited talk/ text , $10 per GB used, no use it or lose it.
by MathWizard
Thu Nov 15, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to pay more tax intentionally?
Replies: 15
Views: 1463

Re: Does it ever make sense to pay more tax intentionally?

I've been thinking about this and I'm pretty sure the answer is no, but I'm no expert so I'm sure there might be a case it makes sense. I earn ~$25,000 in my job as a self employed paper carrier. Mileage deductions put my taxable income ~$13,500 which is what is being reported to social security. W...
by MathWizard
Sat Nov 10, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 76
Views: 6027

Re: Finances in NYC

I didn't see anything about a spouse, so I'll assume single. I don't know what you are doing is tax deferred so I am assume 0. A quick look at taxes brackets for single under current fed tax rates shows you are about 6 to 7 K into the 22% bracket, while a 122 salry would mean you fill up the 22% plu...
by MathWizard
Fri Nov 09, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Finally cutting cable -- is 40mbps enough for streaming services?
Replies: 22
Views: 2135

Re: Finally cutting cable -- is 40mbps enough for streaming services?

We were fine with 13 Mb/s with two High Def Netflix's going at a time, but
would exceed data caps with a hefty penalty for going over.

We went to 50 Mb/s and 250 Gigabyte cap, and only occasionally approach it.
by MathWizard
Thu Nov 08, 2018 11:21 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1000

Re: Lowest Cost GPS-Capable Device for Senior Citizen

I suggest a Garmin with LMT like the 50 LMT 5 inch screen The L is lane guidance , it shows you what lane to be in for turns, great for those left lane interstate exits you never expect. T for traffic alerts which tells you when there is traffic congestion ahead, e g construction The M is lifetime m...
by MathWizard
Tue Nov 06, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3549

Re: Paper or Paperless? How and what financial records do you keep?

We have some electronic, but also a file cabinet paper. We have tax records for the last 20 years. We keep deeds/titles in a safety deposit box with our wills as long as we hold the property/vehicle. We keep bank statements and CC statements for a year. We keep statements for retirement funds as lon...
by MathWizard
Mon Nov 05, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: How to Encrypt a Text file?
Replies: 53
Views: 3897

Re: How to Encrypt a Text file?

BitLocker?

It should be built into windows. It encrypts the entire drive. I believe it is AES.
by MathWizard
Mon Nov 05, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9262

Re: no dividends in index funds!

I get about 2% in dividends annually from VTSAX, reinvested into the fund.
Dividends in tax advantaged funds do not cause any taxable events.

If you have filled all tax advantaged space, then you may or may not want dividends in taxable.
by MathWizard
Mon Nov 05, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever “borrow” against their emergency fund?
Replies: 23
Views: 2476

Re: Anyone ever “borrow” against their emergency fund?

For those lump summers who tend to invest every spare penny from annual bonuses or other irregular income right away ... does anyone ever try to get extra time in the market by investing immediately once the income amount is established (e.g. when a bonus is declared) but before payment is made? As...
by MathWizard
Mon Nov 05, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA as tax bracket buffer
Replies: 12
Views: 1277

Re: Roth IRA as tax bracket buffer

Yes. Particularly given the taxability of SS benefits.
by MathWizard
Mon Nov 05, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7329

Re: Do people calculate savings rate on gross income?

If I calculate what my savings rate is, the denominator is
(gross wages + employer tax deferred match)

It really doesn't matter though, because I just determine what
I need to save, using conservative assumptions, and save that.
by MathWizard
Sun Nov 04, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Group life insurance through work
Replies: 20
Views: 1541

Re: Group life insurance through work

You will be able to continue coverage under COBRA for at least 18 months as long as you are not fired for "gross misconduct". You will need to pay the full cost, and maybe a small management fee. Under current law, you cannot be refused coverage due to pre-existing conditions, so you could always g...
by MathWizard
Sat Nov 03, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Group life insurance through work
Replies: 20
Views: 1541

Re: Group life insurance through work

You will be able to continue coverage under COBRA for at least 18 months as long as you are not fired for "gross misconduct". You will need to pay the full cost, and maybe a small management fee. Under current law, you cannot be refused coverage due to pre-existing conditions, so you could always ge...
by MathWizard
Sat Nov 03, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance Recommendations?
Replies: 11
Views: 918

Re: Pet Insurance Recommendations?

I self insure for pets. I only insure for those things that I could not afford. I insure my cars for liability , but not collision. I can afford to buy a replacement car, so I don't need to pay the insurer. If I could not afford to self-insure for pets, I would not have them. In fact, if I could not...
by MathWizard
Fri Nov 02, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: "Individual investors should have access to Private Equity"
Replies: 46
Views: 3420

Re: "Individual investors should have access to Private Equity"

Not understanding. Why should the government tell me who I should be doing business with? The government does not tell you who you can do business with. It requires companies seeking money from the general public to share certain informations and abide by certain rules which are enforced by the SEC...
by MathWizard
Fri Nov 02, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: "Individual investors should have access to Private Equity"
Replies: 46
Views: 3420

Re: "Private investors should have access to Private Equity"

After last week's Frontline program https://www.pbs.org/wgbh/frontline/film/the-pension-gamble/ I'm not sure that retirement programs should be investing in private equity, especially hedge funds. The majority of people on the KY pension boards were not versed in investments. I'm not a fan of hedge ...
by MathWizard
Fri Nov 02, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

Rose-Hulman Institute of Technology is an absolutely fantastic school. The biggest downsides are expenses and a heavy workload, but you'll get a best-in-class education there. Oh, also, it's an engineering-only school and has the gender ratio you'd expect (roughly 3 men for every woman), so if you'...
by MathWizard
Thu Nov 01, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Anybody use CenturyLink for internet service?
Replies: 25
Views: 1654

Re: Anybody use CenturyLink for internet service?

I dropped them several years ago, both for internet and home phone, and don't intend to ever go back. The max they could supply was 1.5 Mb/s . They wanted to charge me the same price as for 7Mb/s. I asked to speak to a supervisor, and they refused. I had been a customer for decades, keeping a home p...
by MathWizard
Thu Nov 01, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: "If the market’s recent dive led you to buy or sell, you’re doing this investing business wrong."
Replies: 4
Views: 910

Re: "If the market’s recent dive led you to buy or sell, you’re doing this investing business wrong."

Link I enjoy Barry Ritholz's Boglehead friendly columns, a good reminder for anyone feeling nervous :D I would modify the title from "If the market’s recent dive led you to buy or sell, you’re doing this investing business wrong." to "If the market’s recent dive led you to change your AA or IPS, yo...
by MathWizard
Thu Nov 01, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5887

Re: Where should I be financially at 39?

Certainly, it is 25x (expenses - other passive income) Passive income would include Social Security, profits from a rental home for example. If you aren't going into debt, if you save more, your expenses are less, so saving helps two ways. The expenses are those in retirement, so I will assume you n...
by MathWizard
Wed Oct 31, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17193

Re: Why I'm 100% stocks

Two portfolios over past 10 years: 1. 100% VTI returning 9.8% CAGR 2. 80% VTI + 20% EDV (ultra long duration treasury bonds) One of these returned more *with* less risk, can you guess which one? https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endY...
by MathWizard
Tue Oct 30, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Do you have any questions for the interview panel?" Suggestions.
Replies: 14
Views: 1238

Re: "Do you have any questions for the interview panel?" Suggestions.

It depends upon what you have been told about the position. 1) Will I have hire/fire authority? 2) What budget do I have to work with? 3) What would you consider a complete success for this position? 4) How much latitude will I have in setting priorities, and in trying new strategies for success? Mo...
by MathWizard
Tue Oct 30, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4757

Re: Calculating ROI for PhD

Don't get a PhD for the ROI. Do it so you can study what you want and never have a boss. You will always have a boss. Yes, I have more freedom, but I still have a boss. A University president has a boss (Regents or Chancellors). Even business owners have bosses, they are called customers. Yes, I ha...
by MathWizard
Mon Oct 29, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: How much does a car need to be driven?
Replies: 43
Views: 3603

Re: How much does a car need to be driven?

You can get a portable jump-pack to jump it yourself, or a charger/jumpstarter if you are close to an outlet. I just throw one in the trunk for long trips in case I run into problems. The jump-pack is about $50-60 at wallmart. The charger is cheaper, but needs an outlet. The jump pack also has USB p...
by MathWizard
Mon Oct 29, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5204

Re: People with older car, share your unusual repairs

2002 Buick: Power window motors strip gears, so window slides down. Not good in winter. $150 if you repair yourself nearly $500 for a shop to fix (lots of labor, and I'm too old to lay upside down in the back seat to maneuver the part into the door frame.) 2001 Grand Caravan: transmission went out a...
by MathWizard
Sun Oct 28, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Frontline — The Pension Gamble
Replies: 10
Views: 2138

Re: Frontline — The Pension Gamble

I didn't understand the current KY state worker objections since the change to a 401k retirement plan would only apply to new employees. That would take the financial pressure off the state to properly fund the current KY state pension plan & give the current employees more security for their pensi...
by MathWizard
Sun Oct 28, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Frontline — The Pension Gamble
Replies: 10
Views: 2138

Re: Frontline — The Pension Gamble

Yes I watched it, and liked it. I chose a defined contribution plan over a pension plan, because I did not trust the state to keep their hands off the money in a pinch. It sounds as though that happened in Kentucky. Do you suppose the state will do a better job choosing a a 401k company than they di...
by MathWizard
Sun Oct 28, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 27671

Re: How many of you have cut the cord?

Cut it years ago. Use cable internet and Vonage for home phone. We do have Netflix and use Redbox for rentals. I tried cutting home Vonage just relying in cell phones, but family just wouldn't call. I'm the 2nd youngest and my wife is the youngest of our families, at 60 yrs old, so a home phone is n...
by MathWizard
Sat Oct 27, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2287

Re: Should I lower Savings Rate?

Saving 1x expenses , already at 13x annual expenses at 34 ?

If you can't lower your savings rate, nobody can.
Do what's best for your family.

Only in the last few years, after college and with no mortgage can I save over 1x annual expenses.
by MathWizard
Sat Oct 27, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

I plan withdrawals to bring my portfolio back to my desired AA. Suppose my desired AA is 60/40 (stocks bonds) and had $1,000,000, and needed to withdraw $20K I start with $600K /400K . If I have a 10% downturn in equities and a 2.5% rise in bonds, then I have $540K in stocks and $410 in bonds for a ...
by MathWizard
Sat Oct 27, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7154

Re: How many miles (total) on car before buying another car ?

1* Higher chance of breaking down at undesirable location or inconvenient time. (PS. I added this in 1* position based on user comments in this thread) This is the biggest reason for me, luckily getting out of a dangerous breakdown situation in a blizzard. I've found that with the cars I buy (mainl...
by MathWizard
Sat Oct 27, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12335

Re: For those waiting for a 'correction' ...

The market drop just got valuations somewhere near where it was in January. If there is a real correction, it would drop the market somewhere in the 20 to 30%, so that P/E rations would be around 20, not the current 30. This will happen either by a drop, or by prices staying about the same while ear...
by MathWizard
Fri Oct 26, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about staying the course
Replies: 33
Views: 4109

Re: Nervous about staying the course

I'm starting to get nervous about staying the course. I paid almost no attention to my 403(b) accounts through the Great Recession -- just kept buying on automatic. I now also have a taxable account at Vanguard and I for some reason pay a lot more attention to it. Even with a relatively conservativ...
by MathWizard
Thu Oct 25, 2018 7:37 pm
Forum: Investing - Theory, News & General
Topic: Who profits from day to day market swings?
Replies: 13
Views: 1380

Re: Who profits from day to day market swings?

The only people who could do this without sitting on cash all the time would be someone who can take a short term loan at any time, at basically zero interest rates, and pay it back at the end of the day. Would that be a bank with an intraday loan from the Fed? Is that allowed under the current fin...
by MathWizard
Thu Oct 25, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Roth IRA contributions
Replies: 6
Views: 529

Re: Withdrawing Roth IRA contributions

TurboTax keeps track of this if you use it, and import the data each year.
by MathWizard
Thu Oct 25, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Who profits from day to day market swings?
Replies: 13
Views: 1380

Re: Who profits from day to day market swings?

Can't help but wonder given this years crazy market swings that somebody has got to be profiting almost on a daily basis buying the dips then selling immediately on the upswing? Thought it might make for an interesting discussion so please respond with your thoughts. The big swings this year seem s...
by MathWizard
Thu Oct 25, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1564

Re: Net worth compared to Medicare earnings

Redoing my calculation above, I see that over 35 years with 25% savings/investment and 6.2 % real return and 2% inflation (i.e. 8.2% nominal) the ratio would be just over 75% as some are answering. That is a pretty high savings rate over 35 years. Going longer, 44 years, with 8.2% nominal return; 2%...
by MathWizard
Thu Oct 25, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1564

Re: Net worth compared to Medicare earnings

First, the ratio will depend upon your age, since your investments would have more time to grow. Second, if you saved/invested say 15% of your gross salary every year, and you earned 0%, then your invested total vs total earnings would be 15% . If you get inflationary raises and you have a 0% real r...
by MathWizard
Tue Oct 23, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 99
Views: 10367

Re: Debunking Bonds in Taxable

Always use a taxable account, along with your Roth and TIRA. The three together are magic for controlling income for taxes and Health Insurance Subsidies. Dan I have no need for a taxable account as we have over $75k of tax-advantaged space every year. Then the solution for you is to not use taxabl...
by MathWizard
Tue Oct 23, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4811

Re: When Will Attaining Millionaire Status Be Obsolete?

It is true that "the rich" have been getting richer, but it's not necessarily the same rich people. It's still the case in America that individuals are not tied to a class of being "rich" or "poor". There is still tremendous mobility and the list of Forbes richest people sees new additions all the ...
by MathWizard
Tue Oct 23, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: 50% of Cancer Patients Burn Through Their Life's Savings in Just 2 Years
Replies: 70
Views: 7887

Re: 50% of Cancer Patients Burn Through Their Life's Savings in Just 2 Years

From abstract RESULTS: In men, the risk of stomach cancer for Income Class 5 (lowest) was 1.12 times (95% CI 1.02-1.23) higher than that of Income Class 1 (highest), for lung cancer 1.61 times (95% CI 1.43- 1.81) higher, for liver cancer 1.22 times (95% CI 1.08-1.37) higher, and for rectal cancer 1....
by MathWizard
Tue Oct 23, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3515

Re: So...what’s Plan B [for your retirement security]?

My plan B is to spend more. My plan A is so conservative that short of the Zombie Apocalypse, I am going to end up with way more than I need. I assume only 75% of estimated SS benefits. I'll delay till 70 to minimize longevity risk, I'll spend some on an annuity some to handle the essentials. I assu...
by MathWizard
Tue Oct 23, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: 50% of Cancer Patients Burn Through Their Life's Savings in Just 2 Years
Replies: 70
Views: 7887

Re: 50% of Cancer Patients Burn Through Their Life's Savings in Just 2 Years

This following paper is based on Korean health records, but does show higher incidence of cancer for lowest income quintile vs. highest income quintile. https://www.ncbi.nlm.nih.gov/pubmed/22799334 Even if the incidence were totally unrelated, half the patients would be below the median income for t...
by MathWizard
Mon Oct 22, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7690

Re: For those who paid off house - how did you do it?

Essentially #3 I guess, but I was doing this is a falling interest rate climate, so this may not work for you. Interest started out at 7%, paid 20% down so no PMI, 30 year loan as we were still paying off student loans and it was a fixer upper requiring about $30K in immediate repairs. The last refi...
by MathWizard
Sun Oct 21, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16816

Re: Where would you go for financial guidance if you win the Megamillions?

Freefun wrote:
Sun Oct 21, 2018 1:14 pm
For financial advice I would go,to suze orman.
Good one. :D

I would go to the "managing a windfall" in the BogleHeads wiki.
Why tell anyone if you already have the info from a great set of people?
by MathWizard
Sun Oct 21, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5621

Re: 8 reasons why pensions are [good]

You could always purchase an annuity using all or some of your savings, so you could make your own pension. Though ERISA changed this, pension funds were raided in the 80's, so they were not always great. With a state pension, it may not be inflation adjusted; my wife has a small which is not. With ...
by MathWizard
Sat Oct 20, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4236

Re: The End of Indexing?

None of the "six structural mega-trends" mentioned will kill indexing. The two things that I worry about for my retirement are: 1) Concentration of wealth to the point where private equity dwarfs the public market The growth of GDP is correlated with the weighted average of the public and private e...
by MathWizard
Sat Oct 20, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 30
Views: 3996

Re: Protecting large sums of cash.

This topic keeps coming up here a lot. Just wondering when was the last time someone actually needed FDIC protection? Don’t flame me, I’m not saying you should not care about it, just trying to put a perspective in my head. WaMu (Washington Mutual) during the financial crisis. This was less than 10...
by MathWizard
Sat Oct 20, 2018 12:58 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4236

Re: The End of Indexing?

None of the "six structural mega-trends" mentioned will kill indexing. The two things that I worry about for my retirement are: 1) Concentration of wealth to the point where private equity dwarfs the public market The growth of GDP is correlated with the weighted average of the public and private eq...
by MathWizard
Wed Oct 17, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4816

Re: "Retirement age uncertainty increases the savings needed for success"

Now to some extent shortages of employees are a made up problem. Raise wages and those shortgages tend to disappear quickly. For the past 15 years or so I had a very difficult time filling advanced- and management-level statistician positions. We hired english-speaking immigrants and attracted peop...