Search found 2675 matches

by oldfort
Sat Jul 31, 2021 3:58 pm
Forum: Personal Consumer Issues
Topic: Good mask for exercising
Replies: 26
Views: 1305

Re: Good mask for exercising

n-95, what makes a good mask doesn't depend on whether you are exercising
by oldfort
Sat Jul 31, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Career Fields
Replies: 9
Views: 1083

Re: Switching Career Fields

I'm a career federal employee right now and without going into management in my org, my salary is basically capped where it is right now at about 100k. I'm turning 40 and wondering if it can make sense to try to retrain for a different career: IT certs, coding bootcamps? Alternatively, am I old eno...
by oldfort
Sat Jul 31, 2021 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 217
Views: 17861

Re: Are Private Universities Worth It Compared to State Universities?

"Worth it" implies that a private university will cost more than a state university. This may or may not be true. You cannot know until you are accepted and receive a financial aid package. It's pointless to argue this in the abstract. Colleges have net price calculators. While not exact,...
by oldfort
Sat Jul 31, 2021 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How much financial support do you plan on giving to your kids after high school?
Replies: 150
Views: 11289

Re: How much financial support do you plan on giving to your kids after high school?

It is always interesting to see these threads, where so many posters say they feel compelled to pay for undergrad (and even grad school), weddings, cars, houses, etc. because their parents did it for them. That wasn't a thing where I grew up. Just looking at the data for school, less than half of c...
by oldfort
Fri Jul 30, 2021 7:10 pm
Forum: Personal Consumer Issues
Topic: Home security - what do you do? Wyze Security System?
Replies: 30
Views: 2217

Re: Home security - what do you do? Wyze Security System?

Gated communities are not any safer. Break-ins occur regardless of contents, junkies don't know what you have until they get in. The average value of property taken in a home burglary is $2400. 1-2% of households have a home burglary each year. For most people, the expected loss due to a home burgl...
by oldfort
Fri Jul 30, 2021 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Switching Career Fields
Replies: 9
Views: 1083

Switching Career Fields

I'm a career federal employee right now and without going into management in my org, my salary is basically capped where it is right now at about 100k. I'm turning 40 and wondering if it can make sense to try to retrain for a different career: IT certs, coding bootcamps? Alternatively, am I old enou...
by oldfort
Thu Jul 29, 2021 6:46 pm
Forum: Personal Consumer Issues
Topic: Any literature on the financial benefits of staying fit/healthy?
Replies: 47
Views: 3090

Re: Any literature on the financial benefits of staying fit/healthy?

livesoft wrote: Thu Jul 29, 2021 7:09 am If one dies young, then one doesn't need to save for retirement. So there are financial anti-benefits of staying fit/healthy, too.
For this reason, I expect staying fit/healthy costs more money in the long run. The people who die at 60 didn't need any retirement savings.
by oldfort
Thu Jul 29, 2021 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 217
Views: 17861

Re: Are Private Universities Worth It Compared to State Universities?

"Worth it" implies that a private university will cost more than a state university. This may or may not be true. You cannot know until you are accepted and receive a financial aid package. It's pointless to argue this in the abstract. Colleges have net price calculators. While not exact,...
by oldfort
Wed Jul 28, 2021 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 217
Views: 17861

Re: Are Private Universities Worth It Compared to State Universities?

The year lost might be more costly for high paying entry level majors, but the difference between someone living at home while going to the local CC and attending a private on campus is probably $60-80k over two years easy unless you are getting a nice package. For most students, that isn't the job...
by oldfort
Tue Jul 27, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Are Private Universities Worth It Compared to State Universities?
Replies: 217
Views: 17861

Re: Are Private Universities Worth It Compared to State Universities?

Are Private Universities Worth It Compared to State Universities? :oops: Back to the original question. Something I forgot to mention was that Dale and Kruger did a study that looked at how students did who were accepted at very selective colleges but did not attend the selective college Basically ...
by oldfort
Sat Jul 24, 2021 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the point of building wealth?
Replies: 32
Views: 2981

Re: Whats the point of building wealth?

Or, being wealth when you are old then you cant really enjoy it. Who says you can't enjoy money when you're old? There are a lot of ways you can continue to spend money when you're old: remodel your home, expensive cars, flying first class, staying at the Four Seasons, eating at Michelin restaurant...
by oldfort
Sat Jul 24, 2021 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the point of building wealth?
Replies: 32
Views: 2981

Re: Whats the point of building wealth?

These type of philosophy questions are bordering on a general comment thread. The obvious answers are people have heirs or charity they want to leave money to.
by oldfort
Sat Jul 24, 2021 8:41 pm
Forum: Personal Consumer Issues
Topic: Home security - what do you do? Wyze Security System?
Replies: 30
Views: 2217

Re: Home security - what do you do? Wyze Security System?

In general, the money could be better spent on an insurance rider for valuables or else not worth worrying about. If you're rich and care about security, you live in a gated community. If you're average in income, most people don't have much worth stealing: computers, maybe some gaming consoles, so...
by oldfort
Sat Jul 24, 2021 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to change careers, but feel stuck. Dissatisfied with life.
Replies: 51
Views: 6569

Re: Looking to change careers, but feel stuck. Dissatisfied with life.

Have you considered active duty military if you have the physical health for it, or otherwise have you considered civilian federal employment for any of various federal agencies, for example for the Veterans' Administration? Benefits are good and working with soldiers or veterans can be enormously ...
by oldfort
Sat Jul 24, 2021 8:17 pm
Forum: Personal Consumer Issues
Topic: Home security - what do you do? Wyze Security System?
Replies: 30
Views: 2217

Re: Home security - what do you do? Wyze Security System?

In general, the money could be better spent on an insurance rider for valuables or else not worth worrying about. If you're rich and care about security, you live in a gated community. If you're average in income, most people don't have much worth stealing: computers, maybe some gaming consoles, som...
by oldfort
Mon Jul 19, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Trustee and Trust Protection Aspect
Replies: 31
Views: 1887

Re: Sole Trustee and Trust Protection Aspect

if a creditor pops up unexpectedly out-of-nowhere while she is the sole trustee? Creditors popping up unexpectedly out-of-nowhere are rarely the reason anyone loses their inheritance. A person is far more likely to lose a large part of their inheritance due to divorce/alimony/child support, excessi...
by oldfort
Sun Jul 18, 2021 4:41 pm
Forum: Investing - Theory, News & General
Topic: Endowment Withdrawl Strategy
Replies: 7
Views: 643

Re: Endowment Withdrawl Strategy

Even without adding to the initial portfolio, it appears that over time the % slowly increases. I'm trying to have a modest withdrawal rate (3% - I can deal with yearly fluctuations) with a "bucket" so to speak at the end for either my own care or to leave as part of a legacy. When I run ...
by oldfort
Sun Jul 18, 2021 2:11 pm
Forum: Investing - Theory, News & General
Topic: Endowment Withdrawl Strategy
Replies: 7
Views: 643

Re: Endowment Withdrawl Strategy

Yale expects to continue to receive donations to replace some of the endowment which is spent each year. I don't see it as comparable to a retired person who has to live 100% off their investments.
by oldfort
Sat Jul 17, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Up the PUP when the pup grows up? [Increase umbrella policy when teen gets driver's license]
Replies: 11
Views: 997

Re: Up the PUP when the pup grows up? [Increase umbrella policy when teen gets driver's license]

TomatoTomahto wrote: Sat Jul 17, 2021 11:11 am We have a very large PUP (as much as Chubb would sell us).
Chubb offers limits up to $100 million. You must have a crazy high amount of insurance.
by oldfort
Thu Jul 15, 2021 9:37 pm
Forum: Personal Consumer Issues
Topic: Should I finish my engineering degree?
Replies: 71
Views: 4601

Re: Should I finish my engineering degree?

I don't undertsand how people are answering without more info. What are these three master's in? Are we talking EE and ME and Civil or Chemical or BioTech? Or different concentrations across one discipline? What is the third in? Somehow more prestigiuos than the first two or provides new opportunit...
by oldfort
Wed Jul 14, 2021 8:11 pm
Forum: Personal Consumer Issues
Topic: Should I finish my engineering degree?
Replies: 71
Views: 4601

Re: Should I finish my engineering degree?

I didn't say the chances were good, just better. Go through OP's previous threads, a series of very odd humblebrags. Entertaining though. The thread about whether he should join Mensa was epic, especially the part about how: "my wife would soon get tired of me talking about my Mensa status.&qu...
by oldfort
Wed Jul 14, 2021 7:35 pm
Forum: Personal Consumer Issues
Topic: Should I finish my engineering degree?
Replies: 71
Views: 4601

Re: Should I finish my engineering degree?

I don't undertsand how people are answering without more info. What are these three master's in? Are we talking EE and ME and Civil or Chemical or BioTech? Or different concentrations across one discipline? What is the third in? Somehow more prestigiuos than the first two or provides new opportunit...
by oldfort
Wed Jul 14, 2021 7:04 pm
Forum: Personal Consumer Issues
Topic: Should I finish my engineering degree?
Replies: 71
Views: 4601

Re: Should I finish my engineering degree?

I don't undertsand how people are answering without more info. What are these three master's in? Are we talking EE and ME and Civil or Chemical or BioTech? Or different concentrations across one discipline? What is the third in? Somehow more prestigiuos than the first two or provides new opportunit...
by oldfort
Wed Jul 14, 2021 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance for a 24 Year Old??
Replies: 14
Views: 931

Re: Long Term Disability Insurance for a 24 Year Old??

LTDI is expensive, think about 1% of your gross salary per year depending on occupation. Most disability tends to be short term, for one year or less. SSDI, assuming you have enough credits, provides a form of long-term disability. SSDI is most similar to an any occupation policy, not an own occupa...
by oldfort
Tue Jul 13, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended Car Insurance Limits?
Replies: 50
Views: 5017

Re: Recommended Car Insurance Limits?

Regarding #2 above. I'm asking this because I don't know the answer. Not being snarky. 1) I have excellent healthcare insurance, and my wife has very good healthcare insurance and short-term and long-term disability insurance. We also have long-term care insurance. So if one of us is in an accident...
by oldfort
Tue Jul 13, 2021 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance for a 24 Year Old??
Replies: 14
Views: 931

Re: Long Term Disability Insurance for a 24 Year Old??

LTDI is expensive, think about 1% of your gross salary per year depending on occupation. Most disability tends to be short term, for one year or less. SSDI, assuming you have enough credits, provides a form of long-term disability. SSDI is most similar to an any occupation policy, not an own occupa...
by oldfort
Tue Jul 13, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance for a 24 Year Old??
Replies: 14
Views: 931

Re: Long Term Disability Insurance for a 24 Year Old??

LTDI is expensive, think about 1% of your gross salary per year depending on occupation. Most disability tends to be short term, for one year or less. SSDI, assuming you have enough credits, provides a form of long-term disability. SSDI is most similar to an any occupation policy, not an own occupa...
by oldfort
Tue Jul 13, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance for a 24 Year Old??
Replies: 14
Views: 931

Re: Long Term Disability Insurance for a 24 Year Old??

LTDI is expensive, think about 1% of your gross salary per year depending on occupation. Most disability tends to be short term, for one year or less. SSDI, assuming you have enough credits, provides a form of long-term disability.
by oldfort
Mon Jul 12, 2021 10:59 pm
Forum: Personal Investments
Topic: Guidance for new grad, 1st real job
Replies: 29
Views: 2766

Re: Guidance for new grad, 1st real job

For a new grad about to start first job, this is advise I'm thinking of giving: Start setting aside $ for car, probably in a hi-yield savings acct. Planning to try to live without car initially. what am i missing? I'm not sure what location this advice would be useful for. If you live NYC, why ever...
by oldfort
Mon Jul 12, 2021 5:57 pm
Forum: Personal Consumer Issues
Topic: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?
Replies: 154
Views: 10443

Re: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?

fwellimort wrote: Mon Jul 12, 2021 12:48 pm
This isn't engineering. Computer Science isn't considered 'Engineering' in many reputable schools. it's a SCIENCE.
Please stop confusing the two.
At many colleges, including Stanford, CS is considered part of the College of Engineering. There’s no need to be so pedantic.
by oldfort
Sun Jul 11, 2021 4:50 pm
Forum: Personal Consumer Issues
Topic: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?
Replies: 154
Views: 10443

Re: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?

For a stem degree, it doesn’t matter where you went to school. Please see attached link. Now if she can get a scholarship and you don’t have to pay for it, then I would go to the best school that I can get into. https://www.collegefactual.com/parents/choosing-a-college/will-an-expensive-college-res...
by oldfort
Sun Jul 11, 2021 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Houses- Rent VS Buying
Replies: 5
Views: 931

Re: Houses- Rent VS Buying

Lots of threads on this already. If you want to hedge against inflation, owning your home is one of the few ways other than TIPS to do so in a cost-efficient manner.
by oldfort
Sun Jul 11, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: How did you arrive at your probable age of death?
Replies: 220
Views: 14465

Re: How did you arrive at your probable age of death?

I would like at the 2-sigma for the population overall. Essentially, that's what mine is likely: 1) studies have shown that higher income/strata individuals generally live longer than the general populace 2) while there isn't a strong correlation, there is some correlation with family.... in my cas...
by oldfort
Sat Jul 10, 2021 10:51 pm
Forum: Personal Consumer Issues
Topic: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?
Replies: 154
Views: 10443

Re: Colleges for STEM/CS kid - Overall rank or engineering/CS rank?

Also, not many people want to work at FAANG. Almost everyone I know avoids Amazon (including me) because of how toxic the workplace is. Getting an offer at Amazon is probably easier than getting an offer in government agencies, hospitals, etc.. Getting a job at Amazon isn't easier than getting a jo...
by oldfort
Sat Jul 10, 2021 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended Car Insurance Limits?
Replies: 50
Views: 5017

Re: Recommended Car Insurance Limits?

Is money held in tax-advantaged retirement investments, in other words IRAs, 401Ks, 403bs, 457s etc., protected from personal liability lawsuits? If yes, shouldn't this be considered in the decision of whether or not to get an umbrella policy and how much coverage it should provide? An ERISA plan i...
by oldfort
Sat Jul 10, 2021 9:07 pm
Forum: Personal Consumer Issues
Topic: Tips to get upgrades/perks at hotels
Replies: 4
Views: 921

Re: Tips to get upgrades/perks at hotels

The way most people get perks is by doing a lot of business travel. Hilton's diamond starts at 30 nights a year. Marriott's Platinum Elite starts at 50 nights a year.
by oldfort
Sat Jul 10, 2021 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended Car Insurance Limits?
Replies: 50
Views: 5017

Re: Recommended Car Insurance Limits?

Thanks RandomPoster, I guess I'll have to check with State Farm about the possibility of getting umbrella coverage. I'll probably have to raise my auto coverage anyway to meet the minimums :happy I figure there have to be rules of thumb out there somewhere, but my Google skills have not revealed an...
by oldfort
Sat Jul 10, 2021 7:21 pm
Forum: Personal Consumer Issues
Topic: Cell phone for kid
Replies: 26
Views: 1947

Re: Cell phone for kid

What's the point of a cell phone without data? Phone calls aren't how gen Z or younger communicate. Tracfone is the cheapest option.
by oldfort
Fri Jul 09, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: Buying a new house vs. homeschool in current house
Replies: 34
Views: 3302

Re: Buying a new house vs. homeschool in current house

I don't see how this could possibly be primarily a financial decision. Do you agree with the values taught in public schools? Do you value the social interaction available in schools, COVID-19 online learning notwithstanding? Do you want your kids to have access to the ECs in schools?
by oldfort
Tue Jul 06, 2021 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 145
Views: 15346

Re: Don’t need a PUP? [personal umbrella policy]

the lady at the Tour de France has an October court date. Would an umbrella policy cover someone in her situation? -getting charged and potentially (?) sued. Seems similar to the 'hit a van of 15 surgeons' scenario Personal umbrella insurance does not exist in France because there is no need for it...
by oldfort
Mon Jul 05, 2021 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: How did you arrive at your probable age of death?
Replies: 220
Views: 14465

Re: How did you arrive at your probable age of death?

I would like at the 2-sigma for the population overall.
by oldfort
Mon Jul 05, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Paying kids
Replies: 72
Views: 4742

Re: Paying kids

Thanks all for the inputs. I have continued to refrain from Roth IRA for my kid. I heard from a good-earner ($200k+) that his CPA said for the income level you have after the age 5+, you can put a small amount $500 in the Roth IRA of each kid each year and it won't raise a flag. While it is temptin...
by oldfort
Mon Jun 28, 2021 6:51 pm
Forum: Investing - Theory, News & General
Topic: "The Price You Pay for College" A new Bogleheads on Investing podcast with guest, NYT columnist Ron Lieber
Replies: 42
Views: 5772

Re: "The Price You Pay for College" A new Bogleheads on Investing podcast with guest, NYT columnist Ron Lieber

4. Finally, the author also never addressed studies that indicate that there was no statistical difference in mid-career earnings for kids that could’ve got into a prestigious school, but went to a less prestigious school versus their peers that went to a prestigious school. I would’ve like to hear...
by oldfort
Sun Jun 20, 2021 12:10 am
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

But I think the article said exactly that. The elite private school students benefit from inside information. No, it’s not explicitly racist or classist, but it does primarily benefit white and wealthy students. Further, if you look at the “feeder schools” to the top ivys, they tend to be overwhelm...
by oldfort
Fri Jun 18, 2021 9:29 am
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

But the underlying question is whether you would get into a feeder school in the first place without excellent elementary school. The link you put described admission rates of the feeder schools as pretty low. The argument is basically you are just moving up the selection process to high school fro...
by oldfort
Fri Jun 18, 2021 9:12 am
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

Exactly. If you are not in one of those categories, it does not matter what type of high school you attend as the odds of getting into a top Ivy are miniscule. Sure, if you think the only schools worth going to are HYPMS. The Ivy League isn't a monolith. A feeder school might help an unhooked stude...
by oldfort
Fri Jun 18, 2021 12:02 am
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

No, your kids' friends don't matter once you factor in your family income and parents' educational background. Once you control for those variables, you really can't tell who are your kids' classmates (private vs public school). Data > opinion. Those weren't the only control variables. I posted a f...
by oldfort
Thu Jun 17, 2021 8:41 pm
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

I'm a semi-retired professor who attended both public and private schools. We have two small children, are highly educated, and have a high family household income. We wanted to rely on the data rather than anecdote when making this sort of decision, so we looked for large, longitudinal studies tha...
by oldfort
Thu Jun 17, 2021 7:55 pm
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

4. Do private schools prepare the child and provide a better opportunity to a higher ranked college (or a college of their choice)? Understand this is not a yes/no answer but your experience would be helpful to learn about and help us better understand their value. There's an admissions advantage t...
by oldfort
Wed Jun 16, 2021 10:10 pm
Forum: Personal Consumer Issues
Topic: Private School - Elementary vs Middle/High (bang for the buck)
Replies: 93
Views: 9301

Re: Private School - Elementary vs Middle/High (bang for the buck)

1. Is it better to invest In a Private school education during elementary school years - which are formative years for the child? This is a clear no to me. When applying to colleges, college see your high school name, your high school transcript, your high school LORs, and your high school ECs. At ...