Search found 578 matches

by deikel
Thu Dec 06, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6300

Re: Health insurance for FIRE

A person who FIREs is planning to spend maybe half a century in retirement and if a few extra thousand dollars per year make a difference then the answer is obvious: not ready to retire. This is compounded by the associated frugal living philosophy. A terrible plan; it leaves no margin for errors. ...
by deikel
Mon Dec 03, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 5998

Re: Advice on Divorce Settlement Options

Q1: I would not bring this into the divorce discussion with a lawyer simply because it gives an opening for the opposing party to 'get something' - split it in the middle and deal with the consequences later or use both halfs to pay off the lump sum (see below) Q2: I would try the buy out with after...
by deikel
Mon Dec 03, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: New Homeowner in Retirement/Travel Concerns
Replies: 16
Views: 2093

Re: New Homeowner in Retirement/Travel Concerns

Sounds to me as if you should probably buy the property, have it managed by a company and rent it out entirely for the winter season you don't want to live there and keep it for yourself for the summer season - this would provide you the home base, some income to offset the management since its a re...
by deikel
Tue Nov 20, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Need a financial check up
Replies: 10
Views: 1200

Re: Need a financial check up

You are not telling us your combined income..so its a bt difficult to gauge tax impacts: - I would NOT pay the college fund (last in line, recall you can draw on some 401k money for higher Ed as well, also recall you can super load your college fund later on if needed and money available or cash rol...
by deikel
Tue Nov 20, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Full page ad in WSJ - https://indexingonsteroids.com/
Replies: 8
Views: 1642

Re: Full page ad in WSJ - https://indexingonsteroids.com/

(Marty Schulman is a vascular surgeon in New York ) "Don’t heed the conventional definition of “diversification”. Don’t split your assets into 60% stocks and 40% bonds (where in the Torah does it say “thou must have 40% bonds?”) I thought the Torah did recommend an investment allocation ( https://w...
by deikel
Tue Nov 20, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: A good read for down market days (Morgan Housel)
Replies: 4
Views: 1151

Re: A good read for down market days (Morgan Housel)

Thanks for the link, was a fun read - although some actionable suggestions at the end would have been nice, otherwise its a bit of a flat description/opinion - will read some more from him...
by deikel
Tue Nov 20, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1873

Re: sell bond fund, buy stocks during correction?

There is a reason why getting market returns puts one in the top 20%. The mean returns are drug down by all of the people speculating and their personal investment theories. Hope you are in the top 20%, I will be sitting right here at average while you tinker with the guessing game. Thinking you ca...
by deikel
Tue Nov 20, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1873

Re: sell bond fund, buy stocks during correction?

Your strategy is solid for the simple reason that the current (and last many years) yield of bonds was so low, that you could actually consider them cash and hence all you do is invest the cash in a market downturn you have defined in your investment strategy (I have a similar trigger level of 15% ...
by deikel
Mon Nov 19, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1873

Re: sell bond fund, buy stocks during correction?

Your strategy is solid for the simple reason that the current (and last many years) yield of bonds was so low, that you could actually consider them cash and hence all you do is invest the cash in a market downturn you have defined in your investment strategy (I have a similar trigger level of 15% d...
by deikel
Mon Nov 19, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me decide on HDHP or PPO? And am I missing anything?
Replies: 10
Views: 995

Re: Please help me decide on HDHP or PPO? And am I missing anything?

some comments: a) I think you are making a mistake in the calculation of what a deductible is (you pay everything up to that amount) and what a max out of pocket is (the insurance has started paying some money and you contribute some, once your contribution goes over this limit insurance pays all) b...
by deikel
Sat Nov 10, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3669

Re: International Travel during Maternity/Paternity

Traveled with infant at 16 weeks to Europe for two weeks and three cities - no problems at all. At that age, their universe is mom and as long as mom is OK, the kid is happy. They have their own time anyway, so you will be jetlagged, the child will be on its own time and stay there. I would not exac...
by deikel
Fri Nov 09, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 27
Views: 1617

Re: What would you do with unexpected tax refund?

Option 2 It is a no brainer - mortgage insurance is one of the worst wasted moneys, that does absolutely nothing for you other than giving you the privilege to work even harder for the bank that owns your house at an even lower risk since you insured their risk. And dont even get me started with the...
by deikel
Fri Nov 09, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - Multiple Scenarios
Replies: 7
Views: 650

Re: Health Insurance - Multiple Scenarios

Your Family plan was 1k/month in 2017, is now 2018 at 1850/month and you are looking at another 40% increase in 2019 ? That seems very odd to me. Maybe you should suggest to your employer to find a new health care broker ? Did they change their contribution % vs employee ? There is no way a general ...
by deikel
Fri Nov 09, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 10886

Re: Favorite "free stuff"?

Libraries are not free to get books, you're paying for them with your property taxes. I moved to an unincorporated area where the library is not a line item on the property tax bill. To get access to the local library they would require an annual payment equal to what that tax would be, and in my c...
by deikel
Thu Nov 01, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Am I Risking My Life to Sell My Car?
Replies: 37
Views: 4699

Re: Am I Risking My Life to Sell My Car?

You seem to assume that CarMax is still honoring the offer they made, but I am sure there is a clause that allows them to backtrack if the condition of the car has significantly changed. They may or may not check your car again - and your tire may or may not blow out during the drive to them. But to...
by deikel
Thu Oct 25, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Dental Mishap
Replies: 51
Views: 5911

Re: Dental Mishap

This feels all very fishy to me Why would you want to pull baby teeth in order to prepare for braces or spacers to begin with, why not wait till the baby teeth are out on their own ? And than (presumably when the growth has somewhat settled) start fixing whatever issue there is ? I have seen way too...
by deikel
Tue Oct 23, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage early vs IRA
Replies: 8
Views: 737

Re: Pay off mortgage early vs IRA

Getting a guaranteed return of 4.62% seems a good deal to me and given your ARM the probability that the interest rate will go up is very very high - so your return will be even better longer term (you don't mention if 3 or 5 or 7 ARM) I would pay it off and invest the rest in taxable if there is an...
by deikel
Tue Oct 23, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - yay or nay?
Replies: 13
Views: 1125

Re: Tax loss harvesting - yay or nay?

Why would you not ? Whatever your 'loss', you can reduce your taxes by 3k times your tax rate....for as many years as the loss is a multiple of the 3k - no brainer
by deikel
Tue Oct 23, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly retired...would appreciate asset allocation and withdrawal advice
Replies: 7
Views: 2189

Re: Suddenly retired...would appreciate asset allocation and withdrawal advice

- there is some information missing or your math is faulty. You say you have a 2 mil portfolio, want to withdraw 110k a year and ask if the 4.8 % withdrawal is OK. 110k is not 4.8 % of 2 mil ? Usually a 4% withdrawal is suggested, 4.8% will probably still work IF there is no significant downturn wit...
by deikel
Mon Oct 22, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Question on reallocating stocks to bonds
Replies: 5
Views: 628

Re: Question on reallocating stocks to bonds

You are correct in your example, however, if your allocation should change for retirement than you probably also should have a glide path towards the new allocation to precisely avoid the problem you describe. So, if you are 100/0 during accumulation, but want to have 60/40 during retirement, than y...
by deikel
Fri Oct 19, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3993

Re: Timing mortgage pay down

Folks, When the CD interest rate hit 5%, will the folks that pre-pay their mortgage of 4% or less regret their decision? KlangFool It should really be a question of liquidity of the asset (funds are easy to cash in - a house not so much), stability of the asset in terms of value (housing in normal ...
by deikel
Thu Oct 18, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Unwinding and transferring positions
Replies: 23
Views: 1316

Re: Unwinding and transferring positions

As a quick refresher, I have had a bad experience with a broker over the past 18 months, who managed to lose a nice chunk of $$$ in a rock solid market. I've been very nervous about self-managing the account, but bit the bullet today and converted our Fidelity account away from Professionally Manag...
by deikel
Thu Oct 18, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Heavy Loss in Stable Value Fund of 401k investments
Replies: 32
Views: 4267

Re: Heavy Loss in Stable Value Fund of 401k investments

A Stable Value Fund turned out to be a lot more risky than the SP500 index. I'd appreciate your wisdom if there is any course I can take at this moment. Thanks! Mingus Although your losses have indeed been realized by selling the underlying asset - you could invest it immediately (in a supposed to ...
by deikel
Thu Oct 18, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11368

Re: What do you consider 'enough'?

Does anyone out there in their working years have a way of figuring out what is 'enough' in terms of income to support their current lifestyle and to also save for the future? I know it's different for everyone but I'd be curious to hear your thoughts on if and how you calculate how much is 'enough...
by deikel
Wed Oct 17, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance for cancer survivor? OR, can I even get insured?
Replies: 16
Views: 1416

Re: How much life insurance for cancer survivor? OR, can I even get insured?

I would be shopping for not less than $1 million. You have to also consider the likelihood of inflation over time that diminishes the cost of the policy over time but also diminishes the purchasing power of the face amount. But time also diminishes the need for a life insurance since your dependent...
by deikel
Tue Oct 16, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Sneakers with good arch support
Replies: 33
Views: 1877

Re: Sneakers with good arch support

Not a sneaker at all, but I love the Nike Air Torch 3 - amazing foot support, super light and very good grip sole - I got rid of my back pain entirely since I wear them (not doing any sports, just normal use)
by deikel
Mon Oct 15, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1888

Re: Kids and Money

DW and I are expecting our first child next year. (1) Pretend we have less money than we have. We live well below our means anyway, so it would be pretty easy. But I’m not a fan of being dishonest with our kids. (2) Tell them all the money goes to charity and they won’t see a dime once they graduat...
by deikel
Sun Sep 23, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 46
Views: 5907

Re: Should we pay off $90K mortgage with idle cash or not?

What is this "idle cash" thing of which you speak? +1 - my first thought also Cash in a savings account current looses about 1 % value a year thanks to inflation picking up. Whatever your mortgage rate is, you will gain that vs savings account. Paying off the mortgage robs you of leveraging this mo...
by deikel
Wed Aug 29, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Well, that was an expensive lesson (FA related)
Replies: 19
Views: 2988

Re: Well, that was an expensive lesson (FA related)

You might want to try to recoup some of your money by writing a friendly letter basically saying: Your advice is nonsensical (example of SS), your technology lacks (no connection to my accounts) and hence I am asking for half my money back or I will badmouth you all over the place.... If this adviso...
by deikel
Sun Aug 19, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4074

Re: How do you pay for purchase of a vehicle in retirement?

you withdraw more from your retirement accounts

you pay cash for a car for best offer

you buy a mildly used car for optimal value

you set aside money each month for the depreciation till the next car
by deikel
Sun Aug 19, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out international stock allocation; something is wrong with my math
Replies: 4
Views: 464

Re: Trying to figure out international stock allocation; something is wrong with my math

Tdubs wrote:
Sun Aug 19, 2018 9:18 am
You took the percentage of international to U.S. stocks, not your total stock holdings. Divide international by Intl+U.S. stocks
+1
by deikel
Sun Aug 19, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fixed Income in Fidelity Roth IRA
Replies: 5
Views: 499

Re: Fixed Income in Fidelity Roth IRA

A RothIRA account is great for the highest possible risk investment you are willing to take since any and all gains you make will be tax free when the time comes, so trying to load your rothIRA with your low risk part of the investment AA is not a good choice, low risk choices like CDs, Money Market...
by deikel
Sun Aug 19, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a house. Good idea?
Replies: 12
Views: 1867

Re: Paying cash for a house. Good idea?

From a cash flow perspective I would not cash the house (other than that's the only way to make an offer that will stick) and rather get a mortgage. You can always pay off the mortgage with money you have laying around, but its much harder to get the liquidity from a house you own in case you need i...
by deikel
Sun Aug 19, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 15083

Re: How to Begin with 1M

Given that you state your own insecurity about your finances, I think you should probably consider a fee only advisor rather than a fee based advisor - who has all the wrong incentives regarding your money. For your question of care in the final days, you should probably get Long Term Care Insurance...
by deikel
Sat Aug 18, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5790

Re: Fidelity 401(k) millionaires hits record high

Don't get too excited, its all just funny money until you realize the gains....
by deikel
Sat Aug 18, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5064

Re: How to Underperform the Market

The easiest way to underperform the market is to diversify in stocks and bonds rather than to stay 100% in stocks - that almost guarantees you will underperform the market - assuming the market is an all stock asset allocation and you invest long enough to get to statistical behavior. I could not re...
by deikel
Sat Aug 18, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5064

Re: How to Underperform the Market

One thing that I have noticed in my own experience from buying individual stocks is that sometimes one can be absolutely correct in the pick of a security and yet sell it too soon to repeap the whole benefit. It's devilishly hard knowing when to take profits. Also, hard is having the discipline to ...
by deikel
Sat Aug 18, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Matter/Scatter part 8: Small-caps
Replies: 5
Views: 1028

Re: Matter/Scatter part 8: Small-caps

It's often suggested that Vanguard Total Stock Market Index should be preferable to Vanguard 500 Index, because of 500 Index lacking small-caps. I think this underlying assumption is not good. The total market fund is effectively an S+p500 with some small caps added, but the addition is marginal in...
by deikel
Sat Aug 18, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: Do You Believe Diversification Is The Right Strategy Only If The Investment Horizon Is Long?
Replies: 28
Views: 2271

Re: Do You Believe Diversification Is The Right Strategy Only If The Investment Horizon Is Long?

You can turn the argument around to get some clarity, If your investment horizon is short (say couple of years), you are not investing, you are gambling. If you are gambling, why would you diversify ? For short term investors, it seems to make no sense to me to diversify to mitigate risk. The mitiga...
by deikel
Sat Aug 18, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 34
Views: 3136

Re: Cheapest Home Insurance ?

I would also check in with State Farm and Farmers - really all of the insurance companies available in your area. The differences in home insurance rates are astounding to me. I have a somewhat special house I guess, but the quotes ranged form my current price up to 4x for effectively the same insur...
by deikel
Sat Aug 18, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2770

Re: Health Check at 30. What Can I Do To Improve?

You are actually not giving us much information to go by, the only obvious items you present and I would argue about is the crypto currency part of your AA, which is just very risky and not at all what one should do (at your percentage of total savings anyway) Also, your car seems excessive at 40k v...
by deikel
Fri Aug 17, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: ICE or a hybrid car
Replies: 31
Views: 2126

Re: ICE or a hybrid car

couple of thoughts in no order at all: - if your time horizon is 15 years out, you can buy pretty much anything you want. ICE will still be around at that time and plenty, electric cars will be around more than they are today - but they won't take over the world for a while and hybrids might start t...
by deikel
Fri Aug 17, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7569

Re: Using ACA for early retirement years

I always wonder how many people would retire early if health care were not a concern, passing on our well paying jobs to the next generation, instead of hanging onto them until Medicare age, praying we are not subject to age discrimination. None of these possible changes to ACA make me feel warm an...
by deikel
Fri Aug 03, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Replace fireplace doors on pre-fab fireplace
Replies: 6
Views: 344

Re: Replace fireplace doors on pre-fab fireplace

Whatever glass door you would install, that would get very hot as well - so the door will not babyproof anything if the fireplace is in use. If you just dont want your kid to crawl into the soot, than maybe the door will provide a barrier. IMO, the correct proofing would be a small gate around the f...
by deikel
Fri Aug 03, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 97
Views: 9493

Re: New Brake Pads

I had my oil changed today and found out I need new brake pads. They quoted me: $229 plus tax for front brake pads and resurface the front rotors $171 plus tax for rear brake pads Does this seem like a reasonable cost? Any suggestions? Rotors are cheaper than break pads, so resurfacing them and usi...
by deikel
Fri Aug 03, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Dental implant in Tijuana
Replies: 37
Views: 4014

Re: Dental implant in Tijuana

some of these comments are funny and relay on pure fear mongering: 'I have seen a couple of those who went to xyz for treatment and they needed lots of work done'....duh, yes, you only see the fraction of the population that had issues after the treatment, not a statistically representative sample s...
by deikel
Tue Jul 24, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 8285

Re: Son Hurt at Summer Camp

Whatever is wrong with having the camp get the dangerous equipment OUT of the way! Sheesh. RM ...maybe they should move the kids out of the way, they are pretty dangerous equipment sometimes.... Just because the kid got staples should not imply the seriousness of the injury. Staples are used fairly...
by deikel
Thu Jul 05, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 11
Views: 1142

Re: Career Advice

Having 30 min total commute vs 120 min makes a ton of difference in life and is worth a lot, especially with a little kid at home You don't mentioned what your partner does, but little kids and time flexibility is a great boon that eliminates a lot of trouble (like emergency daycare or taking off wh...
by deikel
Thu Jul 05, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 12176

Re: $1 million house--- sanity check

What is absurd is that people think ....... that math doesn't apply to their special circumstances. I modified the statement slightly by taking out some words et voila, it becomes the truth statement for 95% of all decisions made by humans. Everyone is special and in special circumstances that just...
by deikel
Thu Jul 05, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 7062

Re: Older Women Lifting Weights

Younger people can do greater weight/lower repetitions. Older people will benefit from lower weight/greater repetitions Nonsense, i asked your muscles, and they said they don't care. You are ignoring the other chemical changes in the body that go on when you age - like the reduced ability to repair...