Search found 3531 matches

by munemaker
Sun Dec 09, 2018 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18364

Re: Teachers Who Have Net Worth of $1 million +

sawhorse wrote:
Sun Dec 09, 2018 1:22 am
Increasingly they have to work in the summer too, often unpaid.
Wasn't slavery abolished years ago?
by munemaker
Sun Dec 09, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18364

Re: Teachers Who Have Net Worth of $1 million +

teachers are generally paid less than other professionals with a similar level of education. True, but there are offsets. Teachers generally have defined benefit pensions, work many less hours per year and have job security; private sector generally does not have these niceties. Work out the compen...
by munemaker
Sat Dec 08, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18364

Re: Teachers Who Have Net Worth of $1 million +

sawhorse wrote:
Sat Dec 08, 2018 10:38 pm
Job security is lower.
I guess we live in alternate universes. In PA, once a teacher has tenure, it is very difficult for the administration to remove them for poor performance.

Much more job security than the private sector.
by munemaker
Sat Dec 08, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: New QUIET Tires for Accord
Replies: 37
Views: 2447

Re: New QUIET Tires for Accord

Kenkat wrote:
Wed Dec 05, 2018 12:47 pm
I had the Pirelli P7’s on my 2005 Camry and they did not wear well at all.
I think the tires that have longer life are going to be noisier because the rubber is harder. I don't think you are going to get a quiet tire and a long life tire. Pick one or the other.
by munemaker
Sat Dec 08, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCaster for 2018 estimated taxes
Replies: 10
Views: 1097

Re: TaxCaster for 2018 estimated taxes

I used TaxCaster to estimate my 2018 taxes and was surprised to see that it shows we will owe about $8500 in addition to my w/holding. I got a similar result with the H&R Block estimator. I presume both of these programs have been updated based on the 2018 tax reform. Based on new tax rates for MFJ...
by munemaker
Sat Dec 08, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18364

Re: Teachers Who Have Net Worth of $1 million +

I would encourage young teachers to start saving aggressively in a 403B right away... Maybe...I guess this depends on what kind of pension you have. I know a retired PA teacher who is married to a retired federal employee. The retired teacher has a million dollar pension (not sure about the retired...
by munemaker
Sat Dec 08, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 20
Views: 2401

Re: ACA - prove you don't have income

My question is how do you prove a negative (that I don't have a job)? When I retired, I asked our HR Manager to provide me with a letter congratulating me on my retirement (including the effective date, and stating the date on which my employer provided insurance ended) which she did, just for this...
by munemaker
Sat Dec 08, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2491

Re: Skipping last cobra payment

Great tip, but too late for me. I could have used this last year for vision & dental COBRA if I had known.
by munemaker
Sat Dec 08, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11851

Re: Why Retirement Is Broken And Needs To Be Reinvented

Stormbringer wrote:
Sat Dec 08, 2018 9:55 am

I think a reasonable question to ask is: "*should* people need to be educated about personal finance in order to have good retirement outcomes?"
If people don't know how to do something themselves, they can hire a firm that specializes in this to do it for them.
by munemaker
Sat Dec 08, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: NAV for Fidelity Total Market Index
Replies: 3
Views: 276

Re: NAV for Fidelity Total Market Index

I just transferred my FSKAX (0.015 er total market index NAV $75.80) to FZROX (0% er total market index NAV $9.30) and noticed NAV is way different. Why would that be since it’s basically the same fund. Also, would ER on $500,000 be $75.00/year for FSKAX? Thanks. The NAV is determined by securities...
by munemaker
Fri Dec 07, 2018 11:19 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11851

Re: Why Retirement Is Broken And Needs To Be Reinvented

Social Security is not a pension. It’s an insurance plan, as stated right in the name. I prefer to think of it as a reasonably guaranteed cash flow stream... Those can be the same thing. It doesn’t make it a pension plan and it wasn’t intended as a pension plan. What's the definition of a pension p...
by munemaker
Fri Dec 07, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11851

Re: Why Retirement Is Broken And Needs To Be Reinvented

willthrill81 wrote:
Fri Dec 07, 2018 10:17 pm
[
I agree that if one has the means to defer until age 70, it seems like the preferred move.
Often it doesn't come down to having the means. Many people could keep working until 70 if they want to, but chose to retire at 62.
by munemaker
Fri Dec 07, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 67
Views: 6295

Re: Bullish/bearish on GE? Make your case here - new lows today

tmcc wrote:
Wed Aug 15, 2018 12:15 pm
GE is doing decade lows today. I bought $2000 worth at 12.xx today .
If you liked it at $12.XX, you LOVE it at $7.01. Back up the truck!

Seriously, SPECULATING on GE is a loser's game. You will do much better INVESTING in a diversified equity mutual fund.
by munemaker
Fri Dec 07, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11851

Re: Why Retirement Is Broken And Needs To Be Reinvented

Most people will disagree, but i know several middle income retirees who are living on social security alone and are just fine. While we have significant assets, when I draw SS at age 70, and DW draws on my record, we should have enough from SS alone to cover our expenses. The exception, of course,...
by munemaker
Fri Dec 07, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11851

Re: Why Retirement Is Broken And Needs To Be Reinvented

I'm not convinced the retirement system is broken and needs to be reinvented. I agree. The retirement system is not broken. It does not need to be reinvented. I don't see a problem except these unfunded public pensions, which should gradually be replaced by 401k type plans. I guess this is happenin...
by munemaker
Thu Dec 06, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 5865

Re: Wanting to buy on the dip today didn't workout

Yellowhouse wrote:
Thu Dec 06, 2018 12:33 pm
...frustrated and confused about the difficulties of trying your best to save money the smartest way possible...which means buying the dip.
Timing the market by "buying the dips" is not the smartest way possible to save money. It is a good way to lose money.
by munemaker
Wed Dec 05, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth Conversion: looking for good modeling tools
Replies: 5
Views: 543

Re: IRA to Roth Conversion: looking for good modeling tools

By far, the most comprehensive modeling tool for Roth conversions is "Retirement Portfolio Model" or RPM for short. Developed and provided without charge by our fellow Boglehead Bigfoot48.

https://www.bogleheads.org/wiki/Retiree_Portfolio_Model
by munemaker
Tue Dec 04, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Sign Up
Replies: 22
Views: 2046

Re: Medicare Sign Up

Shallowpockets wrote:
Tue Dec 04, 2018 11:16 am
Like OP I have a Medicare Advantage plan. I factor in the free Silver Sneakers at my gym...
How do you figure this is free? The cost is included in the premium you pay and the amount that Medicare pays to your insurance company.
by munemaker
Tue Dec 04, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Sign Up
Replies: 22
Views: 2046

Re: Medicare Sign Up

Leroy Jones wrote:
Tue Dec 04, 2018 8:43 am
What are others doing?
I also have a Medicare Advantage plan that has a $750 deductible. For 2019, I changed to a new Advantage Plan from the same provider that has no deductible, but a higher premium.
by munemaker
Sat Dec 01, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 114
Views: 11600

Re: $34k Volt vs $54k Model 3?--help me decide??

GM announced the Volt is going bye bye
by munemaker
Sat Dec 01, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Down payment for a house or investing the money?
Replies: 15
Views: 1018

Re: Down payment for a house or investing the money?

Personal, I would not invest borrowed money in the stock market.
by munemaker
Thu Nov 29, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18269

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

protagonist wrote:
Mon Nov 26, 2018 8:51 pm
I bought Premium for $46.50 on Nov 21 on Amazon.
Saw Amazon was selling it for $32.50 on Nov 23.
I called Amazon to see if they would reimburse the $14 difference.
Not a chance.
Did you maybe use a credit card with price protection?
by munemaker
Sun Nov 25, 2018 11:34 pm
Forum: Personal Consumer Issues
Topic: New TV Recommendations Please?
Replies: 80
Views: 5425

Re: New TV Recommendations Please?

We purchased our first and only flat screen TV sometime in the early 2000s - a 43" Toshiba REGZA. However, for some reason it has not held up You have had this TV for 15 years and say it has not held up? What kind of life do you expect? Personally I would only consider Samsung, LG or Sony, with a p...
by munemaker
Sun Nov 25, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5463

Re: What’s your “barometer” for luxury purchases?

randomguy wrote:
Sun Nov 25, 2018 2:35 pm
If your spending more than about 20k, your buying luxury goods.
Would that be 20k/month or 20k/year?
by munemaker
Sun Nov 25, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Driving a car [in] Italy, any suggestion?
Replies: 56
Views: 5627

Re: Driving a car [in] Italy, any suggestion?

Why not rent a motor scooter?

Image
by munemaker
Sat Nov 24, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18269

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

I am holding out for the $10 deal! Have you seen a price that low in recent years? Usually after April 15....😁 I looked at my receipt from last year I paid $9.95 plus PA sales tax for "H&R Block 2017 Deluxe Federal + State" on 01/13/2018. It is some sort of weird deal that seems to come up every ye...
by munemaker
Sat Nov 24, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5463

Re: What’s your “barometer” for luxury purchases?

If you read "The Millionaire Next Door," you might be surprised to find a lot of us are not into conspicuous consumption.
by munemaker
Fri Nov 23, 2018 9:56 pm
Forum: Personal Consumer Issues
Topic: How many vacations per year is optimal?
Replies: 53
Views: 4668

Re: How many vacations per year is optimal?

I just booked another trip to Hawaii for wife and I. We're averaging a little less than two per year. We love Hawaii. The day before we leave Hawaii my wife literally is crying and gets at depressed (we live in a nice place too, it's not like we're coming back to the dumps). What is the optional nu...
by munemaker
Fri Nov 23, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: Awesome Amazon trick for 20% off
Replies: 8
Views: 4046

Re: Awesome Amazon trick for 20% off

There is a $15 offer for chase cards if you use 1 ultimate rewards point. You can load a gift card balance prior to the order for the rest, if you don't want to put the spend on your chase card. I added one of my Chase cards to my Amazon account, and then tried to use the ultimate reward points at ...
by munemaker
Fri Nov 23, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18269

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

...There's a bit of history about why the online and download Deluxe versions of TurboTax don't match, and perhaps H&R Block does the same. The year TurboTax tried to remove Schedule D from the download Deluxe version (to make it match the online version) is the year I switched to H&R Block. You ca...
by munemaker
Fri Nov 23, 2018 9:02 pm
Forum: Personal Consumer Issues
Topic: Good audio book for a family?
Replies: 33
Views: 1817

Re: Good audio book for a family?

"Beartown" by Frederik Backman Really excellent book. There are two female characters in the book who are about your daughter's age. The story revolves around a youth hockey team in a failing small town, but it is not about hockey and you do not need to like hockey to find the book riveting. It is n...
by munemaker
Thu Nov 22, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pay cash for the new car or finance (and what to invest with the cash)?
Replies: 32
Views: 2916

Re: Pay cash for the new car or finance (and what to invest with the cash)?

Personally, I don't think it is a good idea to invest in the stock market with borrowed money. I would pay cash for the car.
by munemaker
Wed Nov 21, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: How to Withdraw Money in Retirement, Following a Down Year
Replies: 58
Views: 5424

Re: How to Withdraw Money in Retirement, Following a Down Year

Read McLung' book "Living Off Your Money." He compares quite a few schemes for withdrawing your money in retirement. Some depend on what is up/down(per your question), some are independent of market timing.
by munemaker
Tue Nov 20, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 5857

Re: The psychology of withdrawing from your portfolio

We spend years saving and investing. This is counter to the thought of withdrawing a % from your portfolio when one retires. For those that have been retired, was it difficult mentally to start withdrawing from your portfolio ? How did you overcome it ? I retired last year. Living expenses are cove...
by munemaker
Mon Nov 19, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8225

Re: Current Retirees: Do you touch your principal?

I really don’t know or care. I target spending 3% of my portfolio plus SS, pension and annuity income. I pay no attention to the amount of income generated by the portfolio. Gill I'm sort of like this also. In my tax deferred 403(b) account, dividends are seamlessly reinvested anyway. So the $3000/...
by munemaker
Mon Nov 19, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4366

Re: LOST OVER $400 on CDs in 2 Weeks!

Brokered CDs are marked to market, meaning the value changes along with interest rates. If you hold the CDs to maturity, you will receive your entire principle back. CDs purchased directly from a bank are not marked to market. The value on the monthly statement is the value on the previous statement...
by munemaker
Fri Nov 16, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1752

Re: First grandchild

I suspect most people on this board are not going to qualify for financial aid anyway (in the form of free money) due to their assets and income. Their grandchildren might qualify. Possible, but it is based on their parents' income in most cases, not their's. Unless something really bad would happe...
by munemaker
Fri Nov 16, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1752

Re: First grandchild

I urge my grandparent friends not to set up 529s directly. The financial aid calculations are generally much more favorable if those accounts are parent-controlled accounts. Have your son/daughter set up the account and then you can make the contribution to that account. If you can’t trust your son...
by munemaker
Fri Nov 16, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1752

Re: First grandchild

Stinky wrote:
Thu Nov 15, 2018 9:23 pm

Agreed on 529 plans.

I am the owner of each of the plans, and my wife is the successor owner.
In most cases, the parent is better off being the account owner.
reference: https://www.savvyfi.co/single-post/Shou ... e-529-Plan
by munemaker
Fri Nov 16, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1752

Re: First grandchild

My grandson is 18 month old this month. On his first birthday I put $365 in to a brokerage account, (That is $1 per day for the mathematically challenged). It is most likely not as smart as opening a 529 but I don't like being locked into the rules. I plan to do this every year until he is 26, then...
by munemaker
Fri Nov 16, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 120
Views: 21370

Re: Replacement for Google Finance price quote function

After years of working just fine, Fidelity mutual funds don't work for me in GoogleFinance() today. Anybody else? Aah - Fidelity changed the name & ticker for the funds in my 401k. Updating fixed it. Carry on. Would the tickers happen to be FSTVX and FTIPX? Fidelity has combined some funds and cert...
by munemaker
Thu Nov 15, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1752

Re: First grandchild

JoeRetire wrote:
Thu Nov 15, 2018 2:27 pm
I set up and started the funding of 529 accounts for each of my grandchildren.
We did that too!
by munemaker
Thu Nov 15, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29199

Re: [Financial] Habits of the Rich

If you can easily afford fancy cars, nice houses, a yacht, a personal cook, first-class travel, country club memberships, etc. then you are rich by my definition . Yet in a 2015 survey conducted by CNBC, 84% of millionaires described themselves as middle class or upper-middle class, while only 9% s...
by munemaker
Wed Nov 14, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29199

Re: [Financial] Habits of the Rich

Without fun cars, what's the point of being rich? Security Every time I see this, or something similar that touts "security", I can only think of James Thurber. A large spider in an old house built a beautiful web in which to catch flies. Every time a fly landed on the web and was entangled in it t...
by munemaker
Wed Nov 14, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Upgrade from Moto G5+ to Moto X4?
Replies: 6
Views: 679

Re: Upgrade from Moto G5+ to Moto X4?

I have the Moto X4 which I use on the Project Fi network. Works fine, no complaints.

Not sure exactly what you are trying to accomplish with an upgrade so I don't know if this would meet your needs.
by munemaker
Wed Nov 14, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 5064

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

Christine Benz at Morningstar is an advocate of the bucket approach and has written a lot about it. Google Christine Benz and Bucket approach; you you will find a lot of information.
by munemaker
Wed Nov 14, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Honda reliability slipping?
Replies: 58
Views: 7339

Re: Honda reliability slipping?

CULater wrote:
Sun Apr 08, 2018 10:55 pm
Just opinions. When it comes to vehicle reliability nobody knows nothin'.
Consumer Reports reliability ratings are based on hard data, not opinions. Unlike the market, in this case, someone knows somethin'.
by munemaker
Wed Nov 14, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 97
Views: 5444

Re: fuel for snowblower

There are a few convenience stores in our area that sell ethanol-free gas that is 91 octane. It is more expensive, which seems counter-intuitive, since I thought the idea of adding ethanol was to reduce the cost. That is not counter-intuitive, it is directly intuitive. If the purpose of adding etha...