Search found 3141 matches

by MathWizard
Thu Jan 17, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 67
Views: 6578

Re: How much money did you receive from family? (Gifts/inheritance)

As a companion to the thread on leaving money to children, I thought it might be interesting to flip this around and discuss how much we received, at what age, and what impact it had on us. I note that many people are nervous about leaving large sums to their children. I wonder if there are negativ...
by MathWizard
Wed Jan 16, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: End of an era - Boeing 727
Replies: 35
Views: 2394

Re: End of an era - Boeing 727

I live on the flight path of CVG/Cincinnati Airport. We are right at the edge of the 5 mile restriction zone. We mostly get arrivals, but occasionally departures as well. When we first moved in in the late 90’s, we would get the occasional 727 taking off. Loud as hell, left a big smoke trail behind...
by MathWizard
Tue Jan 15, 2019 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: When to use Roth 401k
Replies: 18
Views: 1310

Re: When to use Roth 401k

I would have liked to use it at the top of the 15% bracket, but I couldn't afford the contribution without the tax savings. I had a quick transition into the 25% bracket (now 22% bracket) late in my career, but will not be in that high a bracket in retirement. It looks like a better deal to do ROTH ...
by MathWizard
Tue Jan 15, 2019 9:04 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 163
Views: 8854

Re: Are You Dumping Netflix?

No. Dumping cable and using Netflix was a much better deal. I'll pay the extra dollars.
by MathWizard
Fri Jan 11, 2019 5:55 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 159
Views: 13036

Re: Around 43K in dividends last year - feel good about it ?

Yes, the $43K lessens the impact of the $90K in stock prices.

My diversified portfolio only throws off about 2% in dividends.
If you have a a similarly diversified portfolio, that would mean more than $2Million in equities alone,
so you have done well. Feel good about that.
by MathWizard
Fri Jan 11, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5512

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

3 kids? I had a 3 row vehicle (minivan) for 2 kids. Nice for vacations. I also used it to haul wood (especially plywood as a 4x8 sheet fit perfectly with the last 2 rows taken out.) Now when I was a kid, there were 9 of us, all packed into a big buick with our parents. 4 in front, 7 in back. As the ...
by MathWizard
Fri Jan 11, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise vacation-suggestions?
Replies: 16
Views: 911

Re: Banff/Lake Louise vacation-suggestions?

Glacier Park was a bust for us. We hiked 2 miles to get to a point where we could look far up to see a Glacier. Go to Jasper National Park instead, straight north of Lake Louise. You can walk up the Athabasca Glacier , you can ride a 6 wheeled vehicle up to the top which is part of the Columbia Icef...
by MathWizard
Fri Jan 11, 2019 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3138

Re: Preservation of capital at Age 93

I have no recommendations other than to say that I think that you have a reasonable plan. You have been very successful in more ways than one. Looking at the driver's assist features in the Honda Passport seems a very wise move if you continue driving. I am considering those things for my next vehic...
by MathWizard
Thu Jan 10, 2019 10:46 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9699

Re: Disciplined with finances, but not so with diet

Any bogleheads any diet wisdom? I've always been disciplined with saving money but can't seem to apply the same discipline to my diet. I have tried weight watchers, Jenny Craig, beach body, keto, my fitness pal...I lack discipline and get hungry. Just this week I decided to start eating the same th...
by MathWizard
Thu Jan 10, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 53
Views: 3929

Re: Paying "cash" for auto - possibly w regular credit card?

I was able to put $3K on a CC for a $23K vehicle. I think they knew I might walk, as I had told them that I did not want to finance when I came in. I wasn't trying to do it for the points, I just didn't have the cash in hand. We took a trip to Europe to celebrate our 35th Anniv. and the fact that th...
by MathWizard
Thu Jan 10, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off Mortgage...what to do next
Replies: 32
Views: 2688

Re: Paid off Mortgage...what to do next

Congrats! Contribute the max to ROTH for 2018, but leave it in a money market fund. Treat it as your EF (some people do this anyways) until you get your EF built back up in your bank. If you end up needing the money before you get your EF built up, you can withdraw your contributions from your ROTH...
by MathWizard
Thu Jan 10, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on secular donations & time donations
Replies: 22
Views: 1193

Re: Suggestions on secular donations & time donations

Local giving allows me to see the results and know that the need is being met rather than wasted. You can also several on the boards of these.

Meals to the homeless shelter.
Donations to the battered woman's shelter.
Donate to the library for a new bookmobile to get books to kids.
by MathWizard
Wed Jan 09, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13873

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Average inflation adjusted household income in last 30 years was $72K, was in grad school before that, hence much less. Hit one million invested assets with no debt 2 years ago, last child out of college last year. How: Lived in old mobile homes that I bought with small loans both in grad school and...
by MathWizard
Wed Jan 09, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does The Bucket Approach Destroy Wealth?
Replies: 56
Views: 5773

Re: Larry Swedroe: Does The Bucket Approach Destroy Wealth?

My question is tangentially related to this topic. What is the safe allocation to cash for some approaching or in retirement? I was thinking 2 years, but it realistically could be more or less than that. You have to live on something, and most people don't want to be redeeming stocks/bonds on a mon...
by MathWizard
Wed Jan 09, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5251

Re: BHers, what is your Roth IRA %?

We are at about 20% of our portfolio in ROTH the rest in taxable
(not counting first tier EF in savings account), the same as you, as similar ages.

I'm surprised that you were able to get $600K in your ROTHs. Was some of this from ROTH 401K
or from ROTH conversions (or backdoor ROTH)?
by MathWizard
Tue Jan 08, 2019 11:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: The quest is the quest – the emotional letdown of winning the game.
Replies: 24
Views: 2453

Re: The quest is the quest – the emotional letdown of winning the game.

I actually felt a let down when I passed my orals to get my PhD. Singlemindely striving for a goal means that once you reach it, you then think "What do I do now?" The feeling passes as you redirect activities elsewhere, using what you have already accomplished as a tool. Take done time to recharge ...
by MathWizard
Tue Jan 08, 2019 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why isn't an AA of 75/25 with a SWR 3.75% the standard??
Replies: 62
Views: 6798

Re: Why isn't an AA of 75/25 with a SWR 3.75% the standard??

In the linked article, 30 year SWR is shown for each year from the 1800's to 2016.

The year can't be the start of a 30 year period. It must the end of a 30 year period.
by MathWizard
Tue Jan 08, 2019 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Negative 13.6% return in 401K for 2018
Replies: 55
Views: 5660

Re: Negative 13.6% return in 401K for 2018

Look at it this way, the stocks that you are buying are cheaper now, and your paper loss was only about $5K. You'd much rather have stocks be cheaper now when you are first getting in. My paper loss was about $60 K with a much more conservative allocation. Of course I am much further along in my inv...
by MathWizard
Tue Jan 08, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need a little insight from STEM Bogleheads
Replies: 59
Views: 2668

Re: Need a little insight from STEM Bogleheads

I forgot to add that after the PhD (and dissertation) she will be expected to do 1 or two years as a postdoc, pumping out lots of research papers that had better get published in high quality journals (Universities look at your h-index, a measure of the number of publications and how prestigious the...
by MathWizard
Tue Jan 08, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Need a little insight from STEM Bogleheads
Replies: 59
Views: 2668

Re: Need a little insight from STEM Bogleheads

PhD in Applied Math here with an engineering undergrad with a full ride undergrad and graduate teaching and research assistanceships. Tenure track jobs are hard to get. I have done consulting with major both hardware and software companies, and with national labs, have two dozen peer reviewed papers...
by MathWizard
Tue Jan 08, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to estimate health insurance costs in case of job loss?
Replies: 22
Views: 1142

Re: Best way to estimate health insurance costs in case of job loss?

Check with your benefits office. My employer allows employees who have been with the company for at least 15 years, and leaving in good standing to stay on the group plan for the rest of their lives, with cost going down when you take Medicare, and it is the primary insurance (basically then a medi...
by MathWizard
Mon Jan 07, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to estimate health insurance costs in case of job loss?
Replies: 22
Views: 1142

Re: Best way to estimate health insurance costs in case of job loss?

Check with your benefits office. My employer allows employees who have been with the company for at least 15 years, and leaving in good standing to stay on the group plan for the rest of their lives, with cost going down when you take Medicare, and it is the primary insurance (basically then a medig...
by MathWizard
Mon Jan 07, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: DIY question - leaky faucet - change stem valve or o-rings?
Replies: 20
Views: 1365

Re: DIY question - leaky faucet - change stem valve or o-rings?

When I was young, I just replaced the Oring. I kept a set of various sizes on hand. Later, I replaced the whole cartridge. I'm at the stage now where I am tempted to call a plumber. For the amount of work I have done on my homes, and relative's home I could have built a small house. I'm getting pret...
by MathWizard
Sun Jan 06, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: German University Diplom transfer into a Bachelor or Master?
Replies: 6
Views: 325

Re: German University Diplom transfer into a Bachelor or Master?

I don't know if any easy way to traslate to a degree from a US University I don't think that anyone would question it if you presented it as a Bachelor's degree. You graduated from a University. In the US, that means a Bachelor's degree at least. A master's degree typically has a creative component,...
by MathWizard
Sun Jan 06, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9870

Re: Are we at "Peak FI"?

Lifestyle creep, perhaps. I no longer buy generic bread. My wife still jokes about the deal I got on generic bread 35 years ago when we were first married, 10 one pound loaves fir a dollar. Tasteless, but you could make toast with it and put margarine on it. Now I buy bread at $4 per loaf and use bu...
by MathWizard
Sun Jan 06, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: Total Investing Risk
Replies: 18
Views: 1455

Re: Total Investing Risk

I believe it is David Grabiner, not Michael. David is a Mathematician. Regarding risk, you need to remember that a portfolio that avoids stock has it's own risk. Having all bonds or even more conservative all cash opens you up to inflation risk. I am 50% stocks, and expecting a paper loss of $200K i...
by MathWizard
Sun Jan 06, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5957

Re: How do you view a savings surplus in retirement?

I'll be in a similar place.

I plan to use the earnings from it in good years, and not in down years, safeguarding the principal for potential long term care.
by MathWizard
Sat Jan 05, 2019 9:29 pm
Forum: Personal Consumer Issues
Topic: 11 days in Europe...Budget and logistical advice please
Replies: 86
Views: 4398

Re: 11 days in Europe...Budget and logistical advice please

Starfish wrote:
Sat Jan 05, 2019 5:00 pm
MathWizard wrote:
Sat Jan 05, 2019 3:18 pm

Careful in the metro, pickpockets abound. Get a money belt that goes under your clothes.
Why?
Who carries wads of cash on the metro?
Maybe for your passport. You don't leave it in your room do you?
by MathWizard
Sat Jan 05, 2019 3:18 pm
Forum: Personal Consumer Issues
Topic: 11 days in Europe...Budget and logistical advice please
Replies: 86
Views: 4398

Re: 11 days in Europe...Budget and logistical advice please

Choose Normandy over Versailles. I'll never go back to Versailles, and wish I never had: crushing crowds, and decadent opulence , yuch! Normandy was very moving. I had an uncle who was there (and came back, but he never talked about it.) The Rodin gallery is near the Eiffel tower, and is small and n...
by MathWizard
Sat Jan 05, 2019 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6138

Re: Delaying retirement just to help adult children

They are only 60 and are Financially Independent. That is a great place to be.

If they are more comfortable working a few more years, just in case, there is no problem that I see.
They have lots of choices. Maybe it helps them sleep at night knowing that they are a safety net for their kids.
by MathWizard
Sat Jan 05, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3759

Re: Paying (paper) cash for daily transactions

I prefer to use cash, but am finding that I pay by CC more and more, esp. at the grocery store.
we typically have over $2500 to $3500 in CC bills each month, as that has become the bulk of our spending,
by MathWizard
Fri Jan 04, 2019 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5276

Re: Ever wonder if you are saving Too Much?

You are correct. I did subtract out my mortgage and college since they were not long term expenses, and have now gone away. I have also subtracted term life which I will get rid of once I am Financially Independent, but added in estimates for health ins, including the cost of medicare (surprisingly ...
by MathWizard
Fri Jan 04, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8240

Re: What Do You Spend The Most On Annually?

Mortgage is paid off, and kids are out of college, so in order: 1. Retirement Savings : by far, over 40% of gross 2. Taxes 3. Insurance: (Health, disability, life and property) 3. Food & Drink (Restaurants, Groceries, Cookware) 4. Transportation (Registration, fuel, maintenance, car replacement fund...
by MathWizard
Fri Jan 04, 2019 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5276

Re: Ever wonder if you are saving Too Much?

I hope to match my income in retirement with my net income including benefits minus what I am saving for retirement. This means my lifestyle stays the same. However, this means when your income goes up, your savings need to go up quite a bit. Maintaining the a lifestyle in retirement equal to the l...
by MathWizard
Fri Jan 04, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Just what is long-term investing?
Replies: 13
Views: 771

Re: Just what is long-term investing?

For equities, to me:

investing is long-term.

short term investing is speculation.
by MathWizard
Fri Jan 04, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3597

Re: What Sudden Needs of Cash Do You Prepare For?

Much the same list, but I have also had short term notice of business trips to Europe for which I incur reimbursable and non-reimbursable costs. Having extra money available allows me to take advantage of these opportunities. My business is fine with bringing my wife along and taking vacation afterw...
by MathWizard
Fri Jan 04, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I modify or stop my Disability Insurance?
Replies: 14
Views: 894

Re: Should I modify or stop my Disability Insurance?

You have 60% of pay in coverage from employer, and you also have SS Disability on top of that. You have a substantial portfolio 2.5 million, and could retire tomorrow if you had to with such low expenses. If anyone could drop secondary DI, it is you. Though you did not include taxes which must be su...
by MathWizard
Fri Jan 04, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2887

Re: Does a PMI in lieu of 20% down ever make sense?

If the price of housing is going up so fast that you can't get to 20%, then you may come out ahead with PMI, but as 2008 showed us, it is easy to go underwater with only 10% down. Then you can find yourself tied to your house because you can't pay it off. Now suppose your job goes away, and you have...
by MathWizard
Thu Jan 03, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: Prepaid cell phones
Replies: 18
Views: 1363

Re: Prepaid cell phones

An iPod touch is essentially an iPhone without the phone, similar form factor to an iphone5. This sounds like what you are looking for.
by MathWizard
Thu Jan 03, 2019 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5276

Re: Ever wonder if you are saving Too Much?

I hope to match my income in retirement with my net income including benefits minus what I am saving for retirement.

This means my lifestyle stays the same.

However, this means when your income goes up, your savings need to go up quite a bit.
by MathWizard
Thu Jan 03, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 10838

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

Both my sons had a hard time getting their first job. The older son was an MIS major, the other a chemical/biological engineering major, and a national merit scholar. Both had changed majors, and had not had internships, and applied for on the after graduation. Everyone wanted experience, and wanted...
by MathWizard
Thu Jan 03, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Loan to son for college with no interest
Replies: 39
Views: 3708

Re: Loan to son for college with no interest

The father is paying for his dependent son to attend a University. There is no gifting here, just support. If the son gifts the father (and mother perhaps) $14K/year this is also under the gift limit, and so no IRS form need be submitted. The gift limits are there to keep the paperwork for small gif...
by MathWizard
Wed Jan 02, 2019 4:05 pm
Forum: Personal Consumer Issues
Topic: Why doesn't my iphone (5c) ring when call comes in?
Replies: 21
Views: 1696

Re: Why doesn't my iphone (5c) ring when call comes in?

On the home window, swipe up. This will show you lots of features, like Do not Disturb (moon icon), Airplane mode, etc. Likely you are on DnD. The left side button is also not well known. You can also check sounds in the settings menu. You may have the sound way down, and the sounds buttons could be...
by MathWizard
Wed Jan 02, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Snow Plowing
Replies: 54
Views: 2503

Re: Snow Plowing

I do it myself. It's cheaper, and I don't have to wait for the snow crew to show up. I treat myself to hot cocoa when I come in. driveway + sidewalk takes 30-40 minutes from start to finish. I have a 2 stage and a single stage, both electric start. I got the 2 stage so that I could handle the heavie...
by MathWizard
Wed Jan 02, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: keeping warm in outside windy, freezing temperature and also inside office
Replies: 35
Views: 2169

Re: keeping warm in outside windy, freezing temperature and also inside office

Ski Bibs if you have them.

I have a pair that I only use occasionally, so I have them
pull double duty. This way I can wear dress clothes for work
yet not freeze walking in.
by MathWizard
Mon Dec 31, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7726

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

No , I'll do it for 2018 (the previous year) after I do my 2018 taxes. I only deviate from that in the few years when the market drops by a lot , and when I think I can see the bottom, then I put 100% VTSAX in my ROTH . I did this in 2001 and 2003. I didn't do it in 2008 because I couldn't see a bot...
by MathWizard
Mon Dec 31, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 51
Views: 4311

Re: What is the expected real return of S&P 500 for the next 30 years?

I'm planning on 33% drop in equities followed by 4% real thereafter. I also assume only 3/4 of promised SS benefits.
I hope I am pleasantly surprised.
by MathWizard
Mon Dec 31, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Budgeting for unexpected and capital expenses in retirement
Replies: 15
Views: 1108

Re: Budgeting for unexpected and capital expenses in retirement

My estimate for house maintenance includes $2K/yr fir maintenance. I bought a fixer upper, and after nearly 20 years, I have replaced nearly everything in the house. I will need some maintenance, but much less from now on. I am also planning on an extra $100K for contingency, and $5K for discretiona...
by MathWizard
Sun Dec 30, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: MIL looking for a large "luxury" sedan
Replies: 51
Views: 4984

Re: MIL looking for a large "luxury" sedan

Some Cadillacs are rear wheel drive. I used to drive rear wheel drives in the snowy north, never again. The Buick LaCrosse and Avalon seem quite similar to me. The Avalon was pricier when I bought my LaCrosse last year. The Avalon may last longer and hold value longer, but I drive my cars into the g...
by MathWizard
Sun Dec 30, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Father-in-law denied apartment for lack of income even though he has assets. What to do?
Replies: 77
Views: 7604

Re: Father-in-law denied apartment for lack of income even though he has assets. What to do?

You don't mention you MIL, so I assume she is not in the picture. The benefit for a single man is less, so I'd take SS. If an annuity is not an option, a possible creative solution to turn assets into income would be: He gives you $14K and your wife this year and just after the beginning of the year...