Search found 3025 matches

by MathWizard
Wed Nov 21, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 42
Views: 2155

Re: What's in your Investor Policy Statement about Bear Markets?

I rebalance.

During an economic downturn, I do defer discretionary spending thereby increasing my first tier EF at the credit union.
(That's personal finance not investing.)
by MathWizard
Mon Nov 19, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to deal with a smallish cash flow issue for a few months
Replies: 9
Views: 611

Re: Best way to deal with a smallish cash flow issue for a few months

Signature loan is likely the cheapest.
I understand not pulling from tax advantaged, but not taxable.

If $7k causes a hardship, she does not have enough liquid funds, aka Emergency Funds, and thus should be corrected.
by MathWizard
Mon Nov 19, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 7662

Re: Current Retirees: Do you touch your principal?

Soon to be a retiree. Note that for many, tax deferred accounts make up the bulk of my retirement funds. At some point, RMDs will force me to withdraw principal from tax deferred. Now, I do not have to spend it, I could just invest it in a taxable account, but it has been touched, and could very wel...
by MathWizard
Mon Nov 19, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard lowering Admiral level to $3,000?
Replies: 200
Views: 12362

Re: Vanguard lowering Admiral level to $3,000?

Sorry, but I do not see this as a positive for me, though it is nice for those just starting out. Vanguard runs their funds at cost. This change means that the Admiral class will now have to absorb the costs of serving all of those small accounts. It will put upward pressure on the Admiral class ex...
by MathWizard
Mon Nov 19, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial behind - but still have time to [catch up]
Replies: 20
Views: 2129

Re: Millennial behind - but still have time to ketchup

This thread will be locked soon for lack of a question. The OP appears to be implying that millennials not saving will cause the government to step in and take from Peter to pay Paul, and he is afraid that he is Peter. I don't believe the millennials not saving, in fact I have observed the opposite,...
by MathWizard
Mon Nov 19, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Executor and Will
Replies: 24
Views: 1819

Re: Executor and Will

The procedure varies from state to state, but the persons who would inherit absent a Will are generally entitled to notice, and have the right to contest the Will. Once it's filed in the court, it becomes a public document and anyone can get a copy of it. Bruce, my BIL passed away earlier this year...
by MathWizard
Sun Nov 18, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 9593

Re: Granddaughter needs $ help for university

Finally, I was able to gather all the info and ask my granddaughter the questions you presented to me. We had a long talk and she already has taken things into her own hands. Yes, she applied for FAFSA and also received $6000 Pelham grant. She found a co-signer also (no I didn’t ask who it was). It...
by MathWizard
Sat Nov 17, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Need a sophisticated calculator for retirement. Help.
Replies: 7
Views: 975

Re: Need a sophisticated calculator for retirement. Help.

I-orp does much if not all of what you are asking.

https://www.i-orp.com

including Roth conversions.
by MathWizard
Fri Nov 16, 2018 12:34 am
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 9593

Re: Granddaughter needs $ help for university

Let's assume that the scholarship really is 50K per year for 4 years. You should not do this unless you are prepared to pay 15K per year + tuition inflation for 4 years plus doing the same for the twin sister, and potentially other grandkids. Assuming you have so much money that this is not a proble...
by MathWizard
Thu Nov 15, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10563

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Hello, I am wondering how hard it is to become a millionaire on an income of less than $100k? Is millionaire status still achievable by 50? by 40? At some point, expenses can't be reduced any further. At what point does income have to rise substantially in order to reach early financial independenc...
by MathWizard
Thu Nov 15, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10563

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Medium COL area. Took 25 yrs (1990 to 2015) on inflation adjusted income steadily rising from 50 to 90K. This through the 2001, 2003 and 2008/9 recessions, and raising 2 kids through college. So it is doable. We lived in 3 different mobile homes through grad school and beyond until we had enough for...
by MathWizard
Thu Nov 15, 2018 1:00 am
Forum: Personal Consumer Issues
Topic: Mobile cellular hotspot for low data use
Replies: 17
Views: 1057

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: 1634

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: 95
Views: 7871

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: 25
Views: 2540

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: 1016

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: 3579

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: 3936

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: 9296

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: 2493

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: 1289

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: 7372

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: 1555

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: 1555

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: 941

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: 3433

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: 3433

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: 4854

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: 1659

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: 914

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: 5900

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: 17248

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: 1242

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: 4780

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: 3613

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: 5229

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: 2144

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: 2144

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: 27809

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: 2289

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: 9380

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: 7172

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: 12359

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: 4125

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: 1384

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: 1384

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: 1567

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: 1567

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: 10423

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...