Search found 3243 matches

by Ged
Tue Nov 21, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 26
Views: 2072

Re: Anyone had a POA rejected?

A shorter conversation would be "Anyone had a POA accepted ?" My experience is that banks & financial institutions don't accept any POA if it isn't on the bank's form unless there is some arm twisting by a lawyer. Major PITA. Edited to add: In the wonderful state of California. :annoyed I have had ...
by Ged
Thu Nov 16, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Virginia to New Jersey income tax
Replies: 20
Views: 2142

Re: Virginia to New Jersey income tax

Recent changes in NJ income and estate tax laws are a big help to many retirees in NJ. How much it will help you depends a LOT on your income level. In any case real estate tax is a serious downside. BTW I live in Freehold. There are potential long term issues with the growth of Lakewood, which is a...
by Ged
Thu Nov 16, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin: Significance of 12 transactions per second?
Replies: 28
Views: 2973

Re: Bitcoin: Significance of 12 transactions per second?

It did not exist prior to 2009. It has no inherent value. Where does such an asset fit into a plan we're supposed to follow for 30, 40 years? Nowhere. There are a lot of currencies that have no inherent value. The problems with bitcoin lie elsewhere. As a result I haven't purchased any bitcoins. Th...
by Ged
Sat Nov 11, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9656

Re: Retirees: I got this!!

I retired 5 years ago at 62. Delayed social security. At 70 when I start SS I doubt I will need to draw on savings any more. The strong market performance has led to no worries about my saving being depleted - in fact they have increased despite my spending. Also despite my spending I've also been r...
by Ged
Thu Nov 09, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2065

Re: What backup service to use?

I use Arq to back up my laptop and desktop data to a homebrew Linux NAS and to Amazon Drive.

I particularly like the minimalist footprint, versioning, the large variety of services supported and the per user license rather than per machine.
by Ged
Thu Nov 09, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: What do you do to keep your mind sharp?
Replies: 65
Views: 4782

Re: What do you do to keep your mind sharp?

Build custom computers for friends and family.
Work on personal (private) web site.
Play video games.
Gym 3x a week.
Putz around in wood shop in garage.
Read SciFi.
Argue politics in Disqus.
read & post here.
by Ged
Sun Nov 05, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: How to Label Plastic Boxes
Replies: 15
Views: 939

Re: How to Label Plastic Boxes

I use a Brother label maker that plugs into my computer. I've had labels on plastic totes in my garage for about 10 years now with no degradation or peeling. Similar to this...various models available: https://www.amazon.com/Brother-P-Touch-Connectable-Label-PT-P700/dp/B00DSYEB28/ref=sr_1_11?ie=UTF...
by Ged
Sun Nov 05, 2017 5:59 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3960

Re: Did I earn an extra hour of interest last night?

Last night (or in the wee hours of this morning), the time crept forward to 2 a.m. 11/5/2017, then fell back to 1 a.m., then crept forward to 2 a.m. again. Thus calendar day 11/5/2017 contains 25 hours Nah you just paid back the loan of one hour's interest from March 12. Surprisingly it was interes...
by Ged
Thu Nov 02, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k
Replies: 22
Views: 2156

Re: Fidelity 401k

I agree with the other posters, except with a strong recommendation to go with Fidelity since you already have your 401k there. It makes it very easy then to see your overall portfolio with one sign-on. 40 years ago I became a Fidelity customer with my 401K. Over the years I've done exactly what yo...
by Ged
Wed Nov 01, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15093

Re: What was the main reason you retired?

1, 9 + negative changes to job environment made it likely I wasn't going to enjoy further employment.
by Ged
Wed Nov 01, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 3459

Re: Car battery?

My conclusion is that it's not the batteries have gotten worse but all the electronics in modern cars, especially the ones that drain the battery when the car is off. I used to get 7 years on a battery some 20 years ago. Now it's 4. These days I use a trickle charger fairly frequently in winter to k...
by Ged
Mon Oct 30, 2017 10:10 pm
Forum: Personal Consumer Issues
Topic: Fuel treatments for small engines
Replies: 32
Views: 2114

Re: Fuel treatments for small engines

One thing aware of is that Sta-Bil itself has a claimed shelf life of 2 years after opening. I expect it, much like modern gasoline itself is hydroscopic.
by Ged
Fri Oct 27, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11377

Re: Can one have too much money in tax-deferred

Schwab and a bunch of other sites have RMD calculators. Put in something like a 3% real return. For 1 million bucks, in year one your RMD is 38k and peaks at about 52k. That isn't a huge increase. And 3% real is pretty high for most people who should be holding a lot of bonds in there portfolio. If...
by Ged
Thu Oct 26, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11377

Re: Can one have too much money in tax-deferred

For taxable to win, you (or your heirs) would need to be paying higher taxes than you would have when funding the taxable account. If you have a large deferred account this is very likely because of RMDs. The cases I have seen suggest it is pretty rare for owner of the account to see much bracket c...
by Ged
Thu Oct 26, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11377

Re: Can one have too much money in tax-deferred

randomguy wrote:
Thu Oct 26, 2017 12:02 pm
For taxable to win, you (or your heirs) would need to be paying higher taxes than you would have when funding the taxable account.
If you have a large deferred account this is very likely because of RMDs.
by Ged
Thu Oct 26, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11377

Re: Can one have too much money in tax-deferred

I think so. Holding equities in taxable accounts that will end up passing to your heirs with a gross-up is a mechanism that allows tax-free treatment of the gains. Doing the same in a tax-deferred account doesn't provide anything as advantageous. The fact that the adviser was trying to sell you perm...
by Ged
Wed Oct 25, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3500

Re: Amazon kindle paperwhite

I have a Kindle Voyage that I use a lot especially while I travel. With Prime, the library and various bundle deals I don't have a problem getting inexpensive books. Also my house is overflowing with books (17 book cases) now anyway so I'd rather be selective about which physical books I buy.
by Ged
Sun Oct 22, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Shedding Trees
Replies: 24
Views: 1302

Re: Shedding Trees

My sympathies. I had 4 cottonwood trees in my yard when I purchased my house. I had them removed. Cottonwood trees are notoriously short lived and prone to falling in storms. I would be concerned that some time in the future these trees will fall over. Often these trees are planted by land developer...
by Ged
Sun Oct 22, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement (mostly TIAA) allocation questions with 20 year horizon and concern about upcoming market volatility
Replies: 19
Views: 982

Re: Retirement (mostly TIAA) allocation questions with 20 year horizon and concern about upcoming market volatility

If I were in your position I would consider the pension to be a large bond and then invest the rest 80% in equities. The remaining 20% in fixed instruments would be held in order to provide for purchase of equities in market declines. The point about your particular psychology is well taken though. ...
by Ged
Sun Oct 22, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?
Replies: 20
Views: 1062

Re: Within your context: Do you consolidate a fund when it is 5% or less of total funds/investments and why?

Do most of the Bogleheads do this? (consolidate at 5% or less) If not 5%, what percent? Why? Thoughts? I have done so, not at any particular percentage. The reason is to reduce complication in my tracking process (a fairly comprehensive spreadsheet) and to minimize the trading costs, potential for ...
by Ged
Fri Oct 20, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5670

Re: Is a crash coming soon?

Houe wrote:
Fri Oct 20, 2017 1:23 pm
What if the market is never this low/cheap again? There are lots of price levels the market has passed and will never see again.
It's the 2009 prices I don't expect to see again.
by Ged
Fri Oct 20, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5670

Re: Is a crash coming soon?

Sandtrap wrote:
Fri Oct 20, 2017 10:21 am
How much of a decline is a "significant" decline?
Thanks.
j
This is what the NBER says:

http://www.nber.org/cycles/jan08bcdc_memo.pdf

It seems to me that they are looking for places where the slope changes sign, rather than peak to trough distances.
by Ged
Fri Oct 20, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Best smartphone
Replies: 37
Views: 2741

Re: Best smartphone

an_asker wrote:
Fri Oct 20, 2017 10:00 am
Ged wrote:
Fri Oct 20, 2017 9:34 am
[...]
I'm not kidding - when I glanced at your number of posts, I read 32GB ;-)
I probably would have thought the same thing!
by Ged
Fri Oct 20, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5670

Re: Is a crash coming soon?

Secondly, the longest period in US history without a big recession is 10 years. But in the 80s and 90s we saw a 18 year bull market. The unscientific part of your post rings true. There will always be bulls and bears talking about the market. Point of order, in 1987 on this day we had a slight dip ...
by Ged
Fri Oct 20, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: Best smartphone
Replies: 37
Views: 2741

Re: Best smartphone

So far, best for me has been Nexus 6p. Extremely reliable (I didn't experience that boot loop issue, knock on wood, as others have), decent battery life (at 1.5 years), fast, nice screen, no bloatware. Especially love the immediate Android updates direct from Google. And having an unlocked phone. R...
by Ged
Thu Oct 19, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Decline in Delivery Service?
Replies: 54
Views: 4464

Re: Amazon Prime - Decline in Delivery Service?

Prime subscriber, Central NJ Actually things have improved over the past year or so. There was a period when there was a decline in service when Amazon switched over to USPS from UPS, however the USPS at least in my area seems to have gotten it's ducks in a row in the past year or so and I get relia...
by Ged
Wed Oct 18, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 140
Views: 9416

Re: Anyone planning on getting the new Pixel phone?

MathWizard wrote:
Wed Oct 18, 2017 1:23 pm
My Nexus 5x is good enough, no need to pay for a Pixel.
That's my conclusion. Still getting updates for my 5x, so I'll be waiting this cycle out. Pixel 3 or bust!
by Ged
Tue Oct 17, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: Experience with "mini-monovision" cataract implants?
Replies: 16
Views: 1107

Re: Experience with "mini-monovision" cataract implants?

CULater wrote:
Tue Oct 17, 2017 6:18 pm

So you are OK with night vision / driving?
Yes, my night vision is fine, as is my driving.
by Ged
Tue Oct 17, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7431

Re: How many miles/years do you keep your car?

Since the year 1990 I have bought cars new and the family operates them for about 20 years. Occasionally late in life there will some sort of catastrophic failure of the car like a timing belt that ends the life of the car. On average the family doesn't drive a lot so these cars are generally around...
by Ged
Tue Oct 17, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Experience with "mini-monovision" cataract implants?
Replies: 16
Views: 1107

Re: Experience with "mini-monovision" cataract implants?

I have monovision cataract implants. They work very well for me. One thing though is that my natural eyesight was also a form of monovision! One eye was significantly worse at distance than the other, so one could say that I was born with monovision and this perhaps is why I adjusted to these implan...
by Ged
Tue Oct 17, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why not switch from Medigap F to G now?
Replies: 43
Views: 3910

Re: Why not switch from Medigap F to G now?

I have read of the changes coming to Medigap F. It seems the possible loss of younger Medicare beneficiaries enrolling in these plans has raised concerns that rates could rise as the pool of existing policy holders becomes older, sicker and more expensive to insure. It depends on how the insurance ...
by Ged
Tue Oct 17, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5287

Re: Best way to make some dollars on a 10 day vacation?

barnaclebob wrote:
Tue Oct 17, 2017 11:15 am
sign up for medical or psych experiments?
I hear Professor Venkman at Columbia is always looking for subjects.
by Ged
Mon Oct 16, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 36
Views: 2120

Re: Storing Lawn Tractor over the Winter

I put stabilizer in all the fuel that I use in my small engines. The problems ethanol causes are not a winter only thing. For storage of my lawn tractor over winter I charge the battery and make sure the air pressure in the tires is good. I installed a shutoff valve in my gas line which I close and ...
by Ged
Sat Oct 14, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1106

Re: First time investing - Invest now or wait?

You are 31 years old. You are investing for 30+ years. That is not much different than when I started investing at age 28, in 1978. The S&P index at the time was 100 plus or minus. The TWENTY FOLD increase over the time I held those investments dwarfs by far any short term market fluctuations that I...
by Ged
Wed Oct 11, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 12195

Re: 100% in bond to wait for market crash?

hi Ged, thanks for the advise. Do you mind to tell us what made you sold out in 2007? that sounds like a very smart move. was it due to the housing market weakening? In early 2007 when I sold the the housing market was not bad but had started going soft. The problem was that loans had started going...
by Ged
Tue Oct 10, 2017 1:14 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 12195

Re: 100% in bond to wait for market crash?

The problem with the market timing approach is that you have to be right TWICE. So you sell out now and two years from now the market, after going up 7% per year has a typical recession drop of 25%. Do you buy back in then or wait for another 25% drop? What if it then bounces up 10% after the 25% dr...
by Ged
Mon Oct 09, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 33
Views: 4424

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

Moore's law is dead. https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/ The long term role of capital investments and advancing technologies increasing productivity is the main factor. Automation technologies are a having a big impact here. AI developments will fuel this area for...
by Ged
Mon Oct 09, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 97
Views: 8542

Richard Thaler, Nobel Prize for work in behavioral economics

Glad to see Richard Thaler winning this year's Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The field of behavioral economics is extremely important to individual investors. For me becoming aware of these ideas had a huge positive effect in my personal approach towards man...
by Ged
Sat Oct 07, 2017 5:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep my Stocks?
Replies: 42
Views: 3822

Re: Should I keep my Stocks?

Sell them. Do it over time if you have a lot of cap gains to minimize taxation.
by Ged
Fri Oct 06, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paper checks, how safe are they?
Replies: 31
Views: 1972

Re: Paper checks, how safe are they?

Yankuba wrote:
Fri Oct 06, 2017 1:01 pm
I never used my debit card (other than the ATM) either. Not sure why anyone would use one over a credit card.
The main logic I've heard is that some people have a severe allergy to debt of any kind.
by Ged
Thu Oct 05, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1126

Re: Reasonable hourly rate for a cfp?

That said, if you hold enough assets at Fidelity, you can utilize the services of a "financial consultant" (not advisor) for a couple hours a year at my price point. That's ok if you ignore the sales pitch to invest all of your money in their high fee accounts. I'm over five years into this and I'v...
by Ged
Wed Oct 04, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1126

Re: Reasonable hourly rate for a cfp?

FIREchief wrote:
Wed Oct 04, 2017 6:44 pm
That said, if you hold enough assets at Fidelity, you can utilize the services of a "financial consultant" (not advisor) for a couple hours a year at my price point.
That's ok if you ignore the sales pitch to invest all of your money in their high fee accounts.
by Ged
Wed Oct 04, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 45
Views: 8337

Re: 2M savings investment help

Sounds like you have over complicated things. No need for capitalization sectors and all that. Just a total market fund. For bonds just a total market fund. International total market about 20% of the US allocation. Classic 3 fund per this: https://www.bogleheads.org/blog/the-three-fund-portfolio/ I...
by Ged
Tue Oct 03, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5517

Re: Would you take a pay cut to work from home?

I think the big downside to working at home is the issue of establishing a network. If I was established in a workplace and had a good network then I'd do it. If I was early career, taking a new job I'd think twice. Having a good network is crucial. Over the course of my career there was only one in...
by Ged
Mon Oct 02, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6350

Re: Are credit cards rewards worth it?

I charge everything on my credit card for the 2% cash back (citi double cash). I also like seeing how much I spent each month. I PAY MY BALANCE IN FULL EVERY MONTH. But I hate seeing that I owe. Id rather use my debt card. Is the 2% cash back worth it. Do you use debt or credit and if credit what r...
by Ged
Mon Oct 02, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 10000

Re: Current Bull Market could last years

Sounds like the first pebble of irrational exuberance dropping.

It may last for years, but it will end.
by Ged
Fri Sep 29, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: Luggage locks
Replies: 15
Views: 1134

Re: Luggage locks

I've tried using TSA approved locks on my luggage twice. Both times the TSA cut the locks off anyway. I got the message - they can't be bothered and I was wasting my money.
by Ged
Fri Sep 29, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Email address compromised - HELP!!!
Replies: 28
Views: 2517

Re: Email address compromised - HELP!!!

Since you have your own domain I'd say it is likely that spammers just got your domain name from public records and are flooding the domain with any and every sort of nonsense they can concoct. I have a couple of personal domains myself and observe the same volumes of mail you are observing. Changin...
by Ged
Wed Sep 27, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6644

Re: I'm shocked!

AAA...Exactly, she had a very rough time during the Great Depression. I can't thank everyone enough! I didn't mention my dad because he has dementia (89 yo). Mom and I redid her will last year, everything goes to my brother and I, 50/50. Our names are on all accts. I think it's great that you are b...