Search found 13505 matches

by Rodc
Thu Jan 05, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Affordable home exercise
Replies: 100
Views: 10538

Re: Affordable home exercise

MY "success" at keeping up (mostly) an exercise program for the past almost 6 years is using the higher quality and multiple choices of equipment at a gym. If I get "bored" with (or otherwise don't want to use) one kind of exercise machine, there is NO financial adverse consequence. You have the co...
by Rodc
Thu Jan 05, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

Didn't read the whole thread, but read the title and first thought was "happy wife, happy life" which probably sums up the answer pretty succinctly. Awful lot of people seem to be afraid of their wives. Glad my wife tells people she never met any man less afraid of women than me. Now to be fair, my...
by Rodc
Thu Jan 05, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

Didn't read the whole thread, but read the title and first thought was "happy wife, happy life" which probably sums up the answer pretty succinctly. Awful lot of people seem to be afraid of their wives. Glad my wife tells people she never met any man less afraid of women than me. Now to be fair, my...
by Rodc
Thu Jan 05, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh! Scratched my brand new stainless steel stove
Replies: 19
Views: 2657

Re: Ugh! Scratched my brand new stainless steel stove

Update: I called my credit card company. Their purchase protection policy covers me for damage for the first ninety days. Then I called Bosch. They told me they can send someone to replace just the top panel of the range. So hopefully, all's well that ends well. Funny thing is, in the few days sinc...
by Rodc
Thu Jan 05, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

Didn't read the whole thread, but read the title and first thought was "happy wife, happy life" which probably sums up the answer pretty succinctly. Awful lot of people seem to be afraid of their wives. Glad my wife tells people she never met any man less afraid of women than me. Now to be fair, my...
by Rodc
Thu Jan 05, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

My house payment is 11.3% of my gross income, and I am sure that I have too much house. My house payment is now 8% of my gross income - started out at 30%. Thank God for career advancement and inflation! And my house payment is 0% of our retirement income. What does that have to do with OP's questi...
by Rodc
Thu Jan 05, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

What will happen if the person with the largest salary loses their job? Will you be able to make the house payment and associated costs without touching emergency? The situation you presented is the definition of an emergency...why should that play in? Making sure you can live on the smaller salary...
by Rodc
Thu Jan 05, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1358

Re: Calculating Effective Tax Rate

Why do you want to calculate effective tax rate? Knowing the purpose for which you're doing the calculation would help inform a useful answer. Good point. My wife runs an MLM from the house and has had the good fortune of doing very well with it. She is considered to be one of the "top earners" wit...
by Rodc
Thu Jan 05, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

We bought our first home just over a year ago. At the time, this wasn't an issue, but I can foresee it being in the future. At time of purchase, price was 1.4x annual income (with a promotion and another raise, it is now 1.1x) and it was pretty much everything we were looking for. Walking commute f...
by Rodc
Thu Jan 05, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

Sure, before I attended college in the 90's I was in hotel industry for 10 years. I loved the hotel industry since it offered travel and it was fun. After 911, I decided to change course since Hotel industry slowed down after 911. I always wanted to be a teacher since I was in the 3rd grade. So I d...
by Rodc
Thu Jan 05, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

All good replys. I think you all are right -- makes no sense to get a Ph.D to prove myself. I should not care or get some new friends. Sometimes I feel like I am not living up to my potential. I am worth a lot more. Its kind of like a racehorse who has so much potential to be a winning horse----but...
by Rodc
Thu Jan 05, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1358

Re: Calculating Effective Tax Rate

Quark wrote:Why do you want to calculate effective tax rate? Knowing the purpose for which you're doing the calculation would help inform a useful answer.
+1

These questions always come down to what problem are you trying to solve.
by Rodc
Thu Jan 05, 2017 6:48 am
Forum: Investing - Theory, News & General
Topic: Why S & P 500 fund is safer than Total Stock Market fund
Replies: 40
Views: 6496

Re: Why S & P 500 fund is safer than Total Stock Market fund

nisi nails it again. The overlap in S&P 500 and TSM is like 80%. The remaining 20% is highly correlated to that first 80% and is higher risk to some degree, and also higher returning, though not hugely. So you might expect TSM to have a tiny increase in return and risk over an S&P 500 fund, but they...
by Rodc
Wed Jan 04, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 4371

Re: Difference between HCOL and LCOL

I've seen folks in HCOL areas quote outrageous prices for daycare. Gasoline prices and tolls would be higher. As for property taxes, I'm sure they are not lower in some HCOL areas when talking about the same size home. Suppose I bought a 3000 sq ft 4 br 3.5 ba home in San Diego for cash. What would...
by Rodc
Wed Jan 04, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

I think I overstated the size of the park. It's not large enough to hold public events. But it does have a big playground, nature trails, soccer fields, etc. One of the most important aspects of choosing a house is the potential for future development changing the character of the area around your ...
by Rodc
Wed Jan 04, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

A simple PV calculation is not a very good estimation technique for a TIPS ladder, given a rising yield curve (although it should be in the general ballpark). Just for fun I took a look at an example of a made up yield curve. I simply started at 0% yield at year 0 and 1% out 22 years, and let Excel...
by Rodc
Wed Jan 04, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

Yes, I have a PhD, but the only people who address my mail with doctor are the people at my alma mater asking for money. I actually prefer not to be called doctor as some may assume that I am a medical doctor and think I am rich. On the other hand, I don't mind they calling me professor as this imp...
by Rodc
Wed Jan 04, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7827

Re: spousal disagreement over how much house to buy

Has anyone here disagreed with your spouse over how much money to spend on a house? How did it turn out? Yes. Wife often commented on why can't we live in a big fancy house like her friends. She really did want to buy the million dollar house. Or house is older but in very good shape and reasonably...
by Rodc
Wed Jan 04, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

A simple PV calculation is not a very good estimation technique for a TIPS ladder, given a rising yield curve (although it should be in the general ballpark). Just for fun I took a look at an example of a made up yield curve. I simply started at 0% yield at year 0 and 1% out 22 years, and let Excel...
by Rodc
Wed Jan 04, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

Right, that is the problem with calculating Present Values. Which discount rate should be used? The spreadsheet uses a 1% discount rate, which is about the 30-year TIPS rate. Actually, today the real yield = 0.94%. I played with this some. One can up the discount rate to say assume a higher return ...
by Rodc
Wed Jan 04, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 199
Views: 31959

Re: Your Retirement Number, or, calculating the funding ratio

Quotes from another thread where the funding ratio (FR) is discussed. Unfortunately the funding ratio is based on funding retirement with a TIPS ladder which is going to be very tough with a 60 year horizon. One can up the discount rate to say assume a higher return based on holding stocks and bond...
by Rodc
Tue Jan 03, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: "Academic Research Doesn't Always Make Grade in Real World"
Replies: 47
Views: 4501

Re: "Academic Research Doesn't Always Make Grade in Real World"

RadAudit wrote:In theory, there is no difference between theory and practice. In practice, there is - Yogi Berra.
+1

Thanks Taylor!
by Rodc
Tue Jan 03, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

Unfortunately the funding ratio is based on funding retirement with a TIPS ladder which is going to be very tough with a 60 year horizon. Right, that is the problem with calculating Present Values. Which discount rate should be used? The spreadsheet uses a 1% discount rate, which is about the 30-ye...
by Rodc
Tue Jan 03, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

This is correct. I was not trying to portray it otherwise. Indeed, in my limited experience, I do not know of any fresh PhD at over 55 that was hired at our university. These days, a Ph.D. may not be enough. For fields such as math and physical sciences, it is almost universal that one needs postdo...
by Rodc
Tue Jan 03, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

Unfortunately the funding ratio is based on funding retirement with a TIPS ladder which is going to be very tough with a 60 year horizon. Right, that is the problem with calculating Present Values. Which discount rate should be used? The spreadsheet uses a 1% discount rate, which is about the 30-ye...
by Rodc
Tue Jan 03, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

As a PhD in mathematics, working in a quasi-university environment in research engineering, and having many friends in the sciences at universities, I would say the odds in math, science or engineering are zero. Perhaps at a small college. There are just more math/science/engineering PhDs than prof...
by Rodc
Tue Jan 03, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

There was another thread about calculating the Funding Ratio FR = PV(Assets) / PV(Liabilities) Fully funded would have a Funding Ratio of 1.00. I believe this is what many Financial Economists would look at to determine if a Pension Plan has enough assets to meet its obligations. It would probably ...
by Rodc
Tue Jan 03, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

Maybe take some poli-sci classes, read some books then start a blog!

Maybe it will take off. And/or write for the local newspaper if you live in a small town.
by Rodc
Tue Jan 03, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

I would caution anybody taking a jump into a graduate program. The job that you want is difficult to come by unless you graduated from a top school. Although you said your goal is not to be a professor, I think you should consider this as a backup . Now the reality is that the pay is not good for a...
by Rodc
Tue Jan 03, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 35076

Re: Whats your number to walk away?

May be a little off track, but did you ever regret not having kids? We are at 29 and 28 ourselves and we both hate kids (other people's and the thought of our own). We agreed not to have any kids but everyone is telling us that we will feel differently when we get older. Did you? We recently our fi...
by Rodc
Tue Jan 03, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 5790

Re: Champion of 401K Lament the Revolution they Started

Ruralavalon, thanks for your post. Yes, the good old days were not as good as we remembered unless you had access to a good pension. I am vested in two smaller pensions, both with non-profit organizations that I worked for. One has to be taken as lifetime monthly payments upon the retirement, the c...
by Rodc
Tue Jan 03, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 5790

Re: Champion of 401K Lament the Revolution they Started

401K for people who change jobs now and again are far better than most pensions that really only provide a good deal for very long term employees.
by Rodc
Tue Jan 03, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 339662

Re: What are you up YTD? [Year To Date]

2016 XIRR 8.9%

60/40 portfolio

Scanning it looks about typical. Index funds are like that. :)
by Rodc
Tue Jan 03, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

I would caution anybody taking a jump into a graduate program. The job that you want is difficult to come by unless you graduated from a top school. Although you said your goal is not to be a professor, I think you should consider this as a backup . Now the reality is that the pay is not good for a...
by Rodc
Tue Jan 03, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking mileage with non-working odometer
Replies: 19
Views: 1242

Re: Tracking mileage with non-working odometer

Toons wrote:Get it fixed.
Alleviate the "fret".
:happy
+1 At least work to solve the problem going forward. But not in reverse. :)
by Rodc
Tue Jan 03, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 7207

Re: Investing in a Masters and Ph.D?

That is an awfully lot of money and effort to not feel looked down on.

Therapy would be quicker, easier, and less costly.
by Rodc
Tue Jan 03, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Exterior Paint vs. Vinyl Siding
Replies: 24
Views: 3521

Re: Exterior Paint vs. Vinyl Siding

You will get lots of interesting answers. Some people really hate vinyl. I think it has come some ways over the years so some of the hate may no longer be germane. For example you can get vinyl "shingles" that look nothing like older siding. Personally I am a real wood guy. You can buy a no maintena...
by Rodc
Tue Jan 03, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Any TRX users?
Replies: 7
Views: 958

Re: Any TRX users?

I use these sometimes at the climbing gym. Not all that often as I go 1x or 2x per week and I only use these on occasional visits. I do like them. But not an expert. 1. The local Y has classes. Suggestions as to whether or not the classes should be taken or should I dive in? Might be useful to get s...
by Rodc
Tue Jan 03, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Tile flooring - hard on the ole bones?
Replies: 18
Views: 1982

Re: Tile flooring - hard on the ole bones?

I know when I stand for hours baking in my tile floored kitchen, I have to wear Croc shoes or I pay for it later with fatigue.
"Wood look" tiles are going to be no different to your ole bones.
by Rodc
Tue Jan 03, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Affordable home exercise
Replies: 100
Views: 10538

Re: Affordable home exercise

I like the ab wheel too, but what do you mean by "standing"? Like from a plank roll out flat and back? Or are you really standing? Standing upright, instead of on your knees, bending over and rolling out to extension. Like this https://www.youtube.com/watch?v=5Tc7yKQysVQ. Sometimes I do it with a v...
by Rodc
Tue Jan 03, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

Suppose you are 40-year Male old living in California. You will retire immediately and expect to live to 100, a 60 year retirement. You need inflation-adjusted $1,000 per month, or $12,000 per year. How much will it cost to fund you retirement? Based on TIPS prices as of 7/29/2016, can buy a 30-Yea...
by Rodc
Tue Jan 03, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 199
Views: 31959

Re: Your Retirement Number, or, calculating the funding ratio

I've plugged my numbers into excel. The results correlate to the lower/middle spending limits calculated in I-orp and firecalc. It is interesting to think about the retirement finance problem from a different perspective. Thanks to Bobcat for interesting info. It is also good to have additional cnf...
by Rodc
Tue Jan 03, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 35076

Re: Whats your number to walk away?

Could be zero if bad things happen at work. :) Not expecting that. If really good things happen at work it might be a really huge number. More likely enough to cover 2-5 years of (take home) salary. I am 60. Five years would get me to full pension with no change in lifestyle and a decidedly upper mi...
by Rodc
Tue Jan 03, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: What inflation rate do you use for your planning?
Replies: 105
Views: 9909

Re: What inflation rate do you use for your planning?

I try to do my planning "in real terms." As for Kevin's comments, all of my longer-term fixed-income assets are "real" assets, i.e. inflation-adjusted. All of my "nominal" fixed-income assets are intermediate-term or shorter, and do have a reasonable tendency to follow inflation. There are problems...
by Rodc
Tue Jan 03, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

They use data from 1871 to the present. It's far from clear that data from the late 19th century is reliable. It's even less likely that early data is useful for today. The world is a much different place, in terms of the economy, economic and political structures, market structures, investment str...
by Rodc
Tue Jan 03, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 199
Views: 31959

Re: Your Retirement Number, or, calculating the funding ratio

What is a real discount number? I don't understand what present value actually is. Why do I need to calculate it? I have the current balance of my accounts. This might be a little easier to understand for some people. Or not. Back to the opening post, you see that if you want an income of $70,000 (...
by Rodc
Tue Jan 03, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh! Scratched my brand new stainless steel stove
Replies: 19
Views: 2657

Re: Ugh! Scratched my brand new stainless steel stove

Put the same pad on a random orbit sander and make a consistent matt finish.

Redo as needed.

(Only half joking!)
by Rodc
Tue Jan 03, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 8011

Re: Study on SWR rates for Early Retirement

They use data from 1871 to the present. It's far from clear that data from the late 19th century is reliable. It's even less likely that early data is useful for today. The world is a much different place, in terms of the economy, economic and political structures, market structures, investment str...
by Rodc
Tue Jan 03, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 7883

Re: My niece got accepted to Georgetown and we may have to pay for it.

She is a US citizen. I went through the calculator just now with her and her mom and things are looking very favorable for her! My husband and I may not need to contribute anything at all except maybe a bus/train ticket to our home for thanksgiving. I am so excited - I almost broke out in tears as ...
by Rodc
Tue Jan 03, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Resources for a child gifted in math
Replies: 34
Views: 2474

Re: Resources for a child gifted in math

Math, and mathematical and analytic thinking, comes up organically all over the place. Look for it and engage with your daughter on the fly. Ask her leading questions in these situations. If she really likes math and thinking is this way she will really enjoy it. If not you will soon enough get eye ...