Search found 13505 matches

by Rodc
Tue Jan 17, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 33994

Re: Annual Vacation Budget

Well, you know how it goes:

Anyone who spends more than I do is a crazy spendthrift with a poor grasp of priorities.

Anyone who spends less than I do is an uptight miser who needs therapy to learn to enjoy life.

:)
by Rodc
Tue Jan 17, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 14088

Re: How much do you typically spend in a restaurant?

As to taking food home, it depends a great deal on how old you are I think. In my 20s I could go to most restaurants and order two or three appetizers, an entree, a salad, a desert and four glasses of milk and finish it no problem. Sometimes I would order only one appetizer but two entrees. That was...
by Rodc
Tue Jan 17, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 14088

Re: How much do you typically spend in a restaurant?

I was just about to start making dinner, but turned on the computer and read this thread. Now I think we'll go out! I plan on spending 60 to 70 for two people in a lovely part of the rust belt. The kids can have spaghetti at home. Merci Bogleheads :sharebeer Isn't it nice when you get to that point...
by Rodc
Tue Jan 17, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

Have we considered the significant costs of student loans on millenials as part of this? My impression is that most millennials don't go to college and don't have college loans. The stats I have seen say otherwise: https://www.bls.gov/news.release/hsgec.nr0.htm Of the 3.0 million youth age 16 to 24...
by Rodc
Tue Jan 17, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 14088

Re: How much do you typically spend in a restaurant?

the fact that a 'kiddie size' or 'kiddie menu' exists at the restaurants you enjoy may also explain the prices you pay. 8-) Fortunately we no longer eat at restaurants that have kiddie sized ice-creams. :) We do on occasion stop by an ice-cream shop for desert when the our kids (now teens) are out ...
by Rodc
Tue Jan 17, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

NotWhoYouThink wrote:
I suspect few are going to get enough inheritance to write home about
To whom would we write?
https://en.wikipedia.org/wiki/Colloquialism
by Rodc
Tue Jan 17, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

I think the retirement incentives structure is just needlessly complicated. Most people do not enjoy or make the effort to study these things on their own even if those on the Bogleheads forum do. I know many people who just put retirement savings on a backburner because they don't understand and a...
by Rodc
Tue Jan 17, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

I think the retirement incentives structure is just needlessly complicated. Most people do not enjoy or make the effort to study these things on their own even if those on the Bogleheads forum do. I know many people who just put retirement savings on a backburner because they don't understand and a...
by Rodc
Tue Jan 17, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3208

Re: Short Term TIPS in retirement portfolio

I don't have any data on short term TIPS performance, but in general I would suggest that inflation is a long term problem not a short term problem. My understanding is that historically short term nominal bonds have pretty well responded to inflation so short TIPS would, I speculate, provide little...
by Rodc
Tue Jan 17, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 7001

Re: Why not put it all in TIPS?

Personally, I would sleep much better at night being 100% dependent on a TIPS ladder than I would being 100% dependent on an annuity. Also, there is absolutely nothing that guarantees that stocks, nominal bonds, commodities, etc. (in any combination) will provide more future purchasing power than a...
by Rodc
Mon Jan 16, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 7001

Re: Why not put it all in TIPS?

Personally, I would sleep much better at night being 100% dependent on a TIPS ladder than I would being 100% dependent on an annuity. Also, there is absolutely nothing that guarantees that stocks, nominal bonds, commodities, etc. (in any combination) will provide more future purchasing power than a...
by Rodc
Mon Jan 16, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7759

Re: What monetary value has your education provided you?

Many Some college dropouts have done extremely well: Steve Jobs, Oprah Winfrey, Bill Gates, and Mark Zuckerberg are a few. There are many stupid PHDs and many brilliant college dropouts. Those guys are an incredibly small fraction of dropouts. They exist, much like winning lottery tickets exists. Y...
by Rodc
Mon Jan 16, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 9076

Re: Best Ways to Buy Time

There are some similarities between prudent financial management and prudent time management. In both areas activities include: 1. Monitor and record how you are spending your money/time. 2. Analyze which spendings or money/time are aligned with your goals, and which ones are not. 3. Decide how you...
by Rodc
Mon Jan 16, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 9076

Re: Best Ways to Buy Time

Make a list of all the things you spend time on that you would rather not be doing. For each item give it a value of 1 to 5 based on how much you dislike the task (5 is you hate it!) For each item give it a cost to mitigate. Divide the hate index by the cost to mitigate (higher hate or lower cost gi...
by Rodc
Mon Jan 16, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Help with Retirement Projection Assumptions
Replies: 35
Views: 4589

Re: Help with Retirement Projection Assumptions

Strongly suggest you not use ONE set of assumptions. Suggest you vary the assumptions to learn which changes make a significant difference in the result and which do not. Then spend some time looking at what happens when things that matter are more pessimistic and more optimistic than assumed in the...
by Rodc
Mon Jan 16, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 7001

Re: Why not put it all in TIPS?

If TIPS fail completely we have such huge problems no US investment is likely worth much. Possibly international stocks or bonds will still have value. But betting that CPI will track your personal inflation rate seems more problematic, but perhaps not too horrible if you have some decent margin bui...
by Rodc
Mon Jan 16, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 44
Views: 5880

Re: Mathematics of international asset allocation

I think it's hard to get the info needed for the average investor. Where's a chronological weighted average of earnings by index or region, for example. Apply a PE to each country to get a resulting price. Then an average exchange rate to apply to the result. Then a +or- error factor to see an expe...
by Rodc
Mon Jan 16, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Retirement, College, and other "wants"
Replies: 20
Views: 1832

Re: Balancing Retirement, College, and other "wants"

You are doing fine. You will get at least some of the $65 back when you eventually sell, though likely not all and if you sell 30 years from now maybe not much (but by then you are talking a total per year cost of $2000K). You are at least 10 years from the first flying the coop, and really maybe m...
by Rodc
Mon Jan 16, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Retirement, College, and other "wants"
Replies: 20
Views: 1832

Re: Balancing Retirement, College, and other "wants"

You are doing fine. You will get at least some of the $65 back when you eventually sell, though likely not all and if you sell 30 years from now maybe not much (but by then you are talking a total per year cost of $2000K). You are at least 10 years from the first flying the coop, and really maybe mo...
by Rodc
Mon Jan 16, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 44
Views: 5880

Re: Mathematics of international asset allocation

*3!4!/5! wrote:So there are uncertainties in the model parameters. But so what? You still have to decide what to do.
But you do not need to use models that you know are nonsensical. :)
by Rodc
Mon Jan 16, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 19
Views: 1925

Re: Collision Avoidance Systems

Wife stopped for a pedestrian in a crosswalk today.

Guy following behind wished he had a collision avoidance system.

My wife wishes he had one too.
by Rodc
Mon Jan 16, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 41
Views: 6946

Re: Biting the bullet and getting off the roof.

I think you need to buy a drone w/video to fly up there and see what's going on. If I had gutters up high, I would probably just make a PVC extension to my hose w/nozzle attached and use the drone for before and after. I do have wire mesh "domes" stuffed at the top of the downspout holes which prev...
by Rodc
Mon Jan 16, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7759

Re: What monetary value has your education provided you?

Many Some college dropouts have done extremely well: Steve Jobs, Oprah Winfrey, Bill Gates, and Mark Zuckerberg are a few. There are many stupid PHDs and many brilliant college dropouts. Those guys are an incredibly small fraction of dropouts. They exist, much like winning lottery tickets exists.
by Rodc
Mon Jan 16, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7759

Re: What monetary value has your education provided you?

Certainly infinite. For undergrad I had a scholarship to a state uni. For grad school, one can be paid handsomely. It occurs to me that this question would be what we call an ill-posed problem. Denominator is not zero because you likely lost income while in college when you could have been working ...
by Rodc
Mon Jan 16, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7759

Re: What monetary value has your education provided you?

So nobody wants to list their education kept them out of the draft? That was an income booster used by the 1% and is still paying a handsome dividend. Draft ended a couple of months before turning 18, so I will not be listing the draft. But that was a mighty important consideration for many in the ...
by Rodc
Mon Jan 16, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

livesoft wrote:I inherited about $50K from my mom and dad combined.
Me too. In fact $8K from Mom $50K from MIL.

To be fair my parents did pay for 3.5 years of my undergrad and took excellent care of me, and did not require any support in old age.
by Rodc
Mon Jan 16, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20952

Re: "Millennials may need to double how much they save for retirement"

It's hard to imagine an equivalent generational market trend that would distribute as much wealth into the pockets of millennials, but I admit it's possible. Maybe millennials will inherit more from their parents than the previous generation? Yes, I think they will, and I think it will become an in...
by Rodc
Mon Jan 16, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Different asset allocations in retirement?
Replies: 4
Views: 1046

Re: Different asset allocations in retirement?

Since you can rebalance at will, I don't think it matters from a time horizon standpoint as long as you have enough capacity to keep to whatever allocation you desire for the portfolio as a whole. Do what makes sense from a tax point of view.
by Rodc
Mon Jan 16, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 44
Views: 5880

Re: Mathematics of international asset allocation

So the problem with your mathematics is that there's no way to get input data that's trustworthy enough to give you trustworthy output. I think it is actually even worse. While it is true that the mathematics are very sensitive to errors in inputs and past data are noisy at best, saying that really...
by Rodc
Mon Jan 16, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Mathematics of international asset allocation
Replies: 44
Views: 5880

Re: Mathematics of international asset allocation

So the problem with your mathematics is that there's no way to get input data that's trustworthy enough to give you trustworthy output. I think it is actually even worse. While it is true that the mathematics are very sensitive to errors in inputs and past data are noisy at best, saying that really...
by Rodc
Mon Jan 16, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7759

Re: What monetary value has your education provided you?

No way for just about anyone to know. My PhD landed me my job in engineering research (though my degree was not engineering). I might have gotten a job at the some place one starting rung down with a Masters. But after going on 30 years I might have gotten to where I am anyway with only a Masters wi...
by Rodc
Mon Jan 16, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Should people own 2 cars for themselves?
Replies: 21
Views: 5645

Re: Should people own 2 cars for themselves?

You need to run your own numbers specific to your situation. Asking a bunch of people on the internet making who knows what assumptions will not provide you with the correct answer.
by Rodc
Mon Jan 16, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 61
Views: 7841

Re: Does it sound like my employer trying to push me out?

It's an awkward situation for sure. I'm underpaid as a developer but an overpaid support person. They have me occasionally doing things like changing printer cartridges. I guess if I want to continue working with software and databases then I will have to move on. Or else stay and become a glorifie...
by Rodc
Mon Jan 16, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 2143

Re: Out of town mechanic botched fix

Since the part failed so quickly, I would assume it was a used part having no warranty. The only time it makes sense to me to install a used part is when a re-manufactured or new part is not available. As others have posted, we need more information................ I had a remanufactured alternator...
by Rodc
Mon Jan 16, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 14088

Re: How much do you typically spend in a restaurant?

Does anybody else look down at a $30 entree in a restaurant and think, "this would've cost $1 at home"? :shock: No. And sometimes it is the reverse. I've paid $5.95 for a salami sub, and when it came--I'm talking about a local sub shop, not Subway--I've started at it and said, "That looks like abou...
by Rodc
Sun Jan 15, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 61
Views: 7841

Re: Does it sound like my employer trying to push me out?

Yes, time to increase the effort in looking for a better position.

Good luck.
by Rodc
Sat Jan 14, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Recommendations for home paper shredder
Replies: 52
Views: 4063

Re: Recommendations for home paper shredder

Virtually any shredder is going to work fine for you as you are asking for light duty use. Go to Staples and buy what is on sale.

I would get a cross shredder if you are going to bother.

Or as someone notes, just burn once in a while in the fireplace or BBQ.
by Rodc
Sat Jan 14, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 2450

Re: New vs. Used Car Purchase

mmmodem wrote:Since this is your only vehicle, I wouldn't consider a high mileage car. you can afford something a little more reliable. Option 2.
This will be our 2nd vehicle and right now it would probably only be driven approx 5-10K miles per year.
by Rodc
Sat Jan 14, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 2450

Re: New vs. Used Car Purchase

High mileage is buying more risk than I would take in your shoes as it is not necessary. Between options B and C just figure out which costs less per mile. Say full life of a car is 150,000 miles (sure, a car may go farther, especially if you put serious money into it, but not a good bet because it ...
by Rodc
Sat Jan 14, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 4402

Re: Stay in paid-off starter house vs. dream house+work a few more years

Also, have to break the news you may like to travel, but with 2 kids it is not going to happen as they are in school and who is going to take care of them while you are traveling? Boarding school! :) Even without resorting to boarding school for our pre-schooler and elementary-school student, we ha...
by Rodc
Sat Jan 14, 2017 7:23 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 10313

Re: Burton Malkiel says "Don't Buy Bonds"

We also are talking about real (inflation adjusted) rates of return. If you looked at bond returns from 1946-1982, they probably don't look so bad. What is horrible is when you factor in the ravages of inflation. A whole of inflation was going on during that time period. You had rising inflation an...
by Rodc
Sat Jan 14, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Keeping kitchen knives sharp
Replies: 54
Views: 6022

Re: Keeping kitchen knives sharp

Something like this: http://woodworker.com/small-diamond-conefine-mssu-957-620.asp?search=&searchmode=2 or http://woodworker.com/180-grit-gouge-stone-mssu-823-934.asp?search=&searchmode=2 If you have a drill press you could try gluing 1000 grit paper (autobody shops carry up to 2000) to a small rub...
by Rodc
Fri Jan 13, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 10313

Re: Burton Malkiel says "Don't Buy Bonds"

We also are talking about real (inflation adjusted) rates of return. If you looked at bond returns from 1946-1982, they probably don't look so bad. What is horrible is when you factor in the ravages of inflation. A whole of inflation was going on during that time period. You had rising inflation an...
by Rodc
Fri Jan 13, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 4402

Re: Stay in paid-off starter house vs. dream house+work a few more years

Think about income leveling. Maintaining the same lifestyle in retirement as when working. Sounds like you might be able to bump up your working lifestyle... unless you might want to retire at 50. burt We are 30-something dual-income professionals on our way to early retirement. At the moment, we h...
by Rodc
Fri Jan 13, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Over what time period should stocks NOT lose money
Replies: 50
Views: 5819

Re: Over what time period should stocks NOT lose money

Hello, While there are no certainties, bogleheads clearly believe that over time, staying invested is a prudent investment. Time is your friend. If forced to answer "over what time period will stocks NOT lose money....in real terms, what would you say?". If forced to give an answer on this I would ...
by Rodc
Fri Jan 13, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 4402

Re: Stay in paid-off starter house vs. dream house+work a few more years

staythecourse wrote:
Also, have to break the news you may like to travel, but with 2 kids it is not going to happen as they are in school and who is going to take care of them while you are traveling?
Boarding school! :)
by Rodc
Fri Jan 13, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 16499

Re: Re:

A budget is needed by those who want to spend more than they earn. I would change this to "A budget is needed by those who want to make certain they are saving all the money they plan to be" I make well more than I spend; my overall "savings" is likely around 50% of my income, but probably 15-20% i...
by Rodc
Fri Jan 13, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 4402

Re: Stay in paid-off starter house vs. dream house+work a few more years

You are living on $350K a year. Well the taxman takes a good chunk after retirement savings. We don't really "budget" after we hit our monthly savings goal, but I would estimate we live on about $140k/yr. I also take into account that, at some point, both of our life and disability insurance premiu...
by Rodc
Fri Jan 13, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 48
Views: 9149

Re: Let's say you are dying this year

They aren't prepared to get rid of any more 'stuff', in fact they just bought a new house as big as the old, and have been trying to pack things up. They got rid of some 60 year old magazines and papers and books but kept a lot. The savings bonds - we do purchase our own annual limit. If they purch...
by Rodc
Fri Jan 13, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 14088

Re: How much do you typically spend in a restaurant?

We'll usually just exchange plates when half way done. She'll get the rest of the salad and I get the rest of the entree. Yuck. That is so unsanitary. With your spouse? What difference would it make? We frequently will exchange bites via fork if we have different orders and it is not that uncommon ...