Search found 12089 matches

by TomatoTomahto
Wed Apr 21, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Need Cash for Divorce Payout
Replies: 67
Views: 3698

Re: Need Cash for Divorce Payout

If you do a lumpsum payout and she miss manages her finances, can she come back and request more money from you later? Just curious if there would be any benefit in providing the regular allowance vs the lumpsum? IANAL, but I would say definitely not. If there are children involved, there are worka...
by TomatoTomahto
Wed Apr 21, 2021 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need Cash for Divorce Payout
Replies: 67
Views: 3698

Re: Need Cash for Divorce Payout

If you do a lumpsum payout and she miss manages her finances, can she come back and request more money from you later? Just curious if there would be any benefit in providing the regular allowance vs the lumpsum? IANAL, but I would say definitely not. If there are children involved, there are worka...
by TomatoTomahto
Wed Apr 21, 2021 2:00 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5093
Views: 1325113

Re: What Book Are You Currently Reading? Part VI

To me the most shocking revelations were what an SOB Steve Jobs really was. During the launch of the iPhone he demonstrated how to delete entries from from a contact list by swiping right. During the rehearsals he had just used random names, but during the actual launch, the name he chose to delete...
by TomatoTomahto
Wed Apr 21, 2021 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Need Cash for Divorce Payout
Replies: 67
Views: 3698

Re: Need Cash for Divorce Payout

As others have said, you have to consider how big of a discount are you getting by paying in a lump sum and does that offset both the cost of raising the money and the possibility that your ex gets remarried. If the ex gets remarried, you would not owe alimony. Exes don’t remarry if doing so will e...
by TomatoTomahto
Wed Apr 21, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: Need a good 5th-6th grade math DRILLING book (with LOTS of problems)
Replies: 26
Views: 1589

Re: Need a good 5th-6th grade math DRILLING book (with LOTS of problems)

Have you tried Art of Problem Solving? They also offer online courses but my son only purchased books, so I have no idea about the usefulness of the classes---or the books because I never looked at them. https://artofproblemsolving.com/store Ding ding ding The books were transformative for my son.
by TomatoTomahto
Wed Apr 21, 2021 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 193
Views: 15591

Re: Choosing a university/college for my son a future Computer Science Major

I have heard more good things about RoseH than I would expect for a school of its size.
by TomatoTomahto
Wed Apr 21, 2021 12:48 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

The goal is to not having to work for money anymore (maybe choosing to do so, but not needing to). Your definition would make me work much longer then needed - that's not winning to me - that actually loosing [sic]. I never prescribed our situation/approach for anyone. My wife works because it grat...
by TomatoTomahto
Wed Apr 21, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 184
Views: 13230

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

Why are so many Bogleheads so cheap about matters related to college? I’m not sure, but it’s somewhere in religion land, bias land, justification land, etc. just as it is for those of us who fall on the other side of the divide (guilty). You know what they say about opinions being like something el...
by TomatoTomahto
Wed Apr 21, 2021 10:38 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

[...] I guess if one has an idea of what x is, and is convinced that it's accurate, one can then believe that a proportion between asset classes can be determined in some rational way. I will sit in the back with the bozos and stick to my plan: $3M+ in safe assets, the rest in equities, and figure ...
by TomatoTomahto
Wed Apr 21, 2021 9:23 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

And yet I see many long time posters said that they don't need a budget, don't care for, or will never do a budget. What happens to control what you can control? If you don't track your spending, don't be surprised that the x got out of control. Guilty. But, if we save a good percentage of our inco...
by TomatoTomahto
Wed Apr 21, 2021 8:57 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

Once again, I am amazed at the BH posters who can say that they are 15x, 33x, 25x, etc. Am I the only bozo on the bus who doesn't have a sufficiently clear idea of what x is to decide how many of them I have? I can pretty well guess what our spend will be next year. I have some idea of the year aft...
by TomatoTomahto
Wed Apr 21, 2021 7:38 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

Once again, I am amazed at the BH posters who can say that they are 15x, 33x, 25x, etc. Am I the only bozo on the bus who doesn't have a sufficiently clear idea of what x is to decide how many of them I have? I can pretty well guess what our spend will be next year. I have some idea of the year afte...
by TomatoTomahto
Tue Apr 20, 2021 5:51 pm
Forum: Investing - Theory, News & General
Topic: Thinking About I-Bonds: Any Pointers on Using Treasury Direct Website?
Replies: 17
Views: 1293

Re: Thinking About I-Bonds: Any Pointers on Using Treasury Direct Website?

I stopped using TD for a while, but I am going to buy I-bonds next month. The interface isn’t that bad, but it’s quirky. You really only need to use it to buy (once per year) and print tax forms (once per year). I think you have to have individual accounts, but you can gift from one account to anoth...
by TomatoTomahto
Tue Apr 20, 2021 2:31 pm
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9822

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

It’s in large part due to Jack that we, a W2 income family, have been able to provide for our future. Amen to that. Even well below average here apparently (saw in another thread where our average NW here is $5M :shock: ) and with an employer plan managed by Fidelity limiting VG access in my main p...
by TomatoTomahto
Tue Apr 20, 2021 1:54 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2782
Views: 276200

Re: [What TV Show Have You Recently Watched?]

I really enjoyed many episodes of Grand Designs . I chose to not build a retirement house in no small measure because of watching. I just watched Season 18 episode 2 Sevenoaks, Kent . It is a tale of grit and determination, love and selflessness. It made me cry (I’m a pushover, but if you aren’t mov...
by TomatoTomahto
Tue Apr 20, 2021 1:15 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

If someone has both a liability matching portfolio and a risk portfolio. And If the LMP is enough to cover their expenses so that they don't need to touch the RP, does the RP then avoid sequence of return risk? I guess, although the safe portfolio should probably suffice. I think of our RP as being...
by TomatoTomahto
Tue Apr 20, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 31
Views: 2708

Re: Sale of Expensive Home--Limit Showing

I usually tell my friendly neighbors if I'm selling a house out of courtesy and a possible sale sans realtors. Sometimes a neighbor will want to buy it or have a good lead. I would think that restricting neighbors could be counter productive. There might be “neighbors” who live nearby, have kids in...
by TomatoTomahto
Tue Apr 20, 2021 12:36 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 31
Views: 2708

Re: Sale of Expensive Home--Limit Showing

I’m not sure you can legally restrict neighbor showings per se, but you can require some kind of mortgage preapproval.
by TomatoTomahto
Tue Apr 20, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 193
Views: 15591

Re: Choosing a university/college for my son a future Computer Science Major

Another set of data points: https://www.levels.fyi/company/Google/salaries/Software-Engineer/L3/. L3 is the fresh-out-of-undergrad level at Google. You can filter by location if you want to see how this varies based on geography. Fascinating. I’ve often heard of Levels, but haven’t spent any time t...
by TomatoTomahto
Tue Apr 20, 2021 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 193
Views: 15591

Re: Choosing a university/college for my son a future Computer Science Major

Relax, all that's being said is avoid absolute statements, but you both have points. The average new college grad salary for CS, in california, is 67K. The average new college graduate salary for Stanford CS grads is 127K. (source for both: https://www.collegefactual.com/majors/c ... alifornia/) Fo...
by TomatoTomahto
Tue Apr 20, 2021 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 193
Views: 15591

Re: Choosing a university/college for my son a future Computer Science Major

CS salaries are NOT in the high 150s as posted by someone. Its absolutely ridiculous and a giant exaggeration! My child graduated a semester early from CMU in CS, the offers he received were ALL in high 90s and low 100s with a 3.44 CGPA NOBODY is paying 200k to a 21 year old Sorry. It might be far ...
by TomatoTomahto
Tue Apr 20, 2021 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 193
Views: 15591

Re: Choosing a university/college for my son a future Computer Science Major

CS salaries are NOT in the high 150s as posted by someone. Its absolutely ridiculous and a giant exaggeration! My child graduated a semester early from CMU in CS, the offers he received were ALL in high 90s and low 100s with a 3.44 CGPA NOBODY is paying 200k to a 21 year old Sorry. It might be far ...
by TomatoTomahto
Tue Apr 20, 2021 8:03 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 238
Views: 12035

Re: The primary factor for picking a College/University is out of pocket cost

$40K isn't a minor indulgence for me, I am a single mom and earn just $80K a year (seems like a lot of Bogleheads are in the 6 figures category and will have millions upon retirement). But spread out over 4 years with the lower cost of living is something I can live with if it means my daughter get...
by TomatoTomahto
Tue Apr 20, 2021 6:42 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9822

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

off topic a bit, but this fact - that Jack Bogle chose a path to benefit the average investor when he could have made an immense fortune (see Fidelity's founders) - just blows my mind every time it comes up. Warren Buffett put it this way in his letter to shareholders in 2017: "If a statue is ...
by TomatoTomahto
Mon Apr 19, 2021 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6517

Re: What Does College Tuition Really Cost?

TheHiker wrote: Mon Apr 19, 2021 5:00 pm Thanks for correcting me. I should not have made a blanket statement.
You’re not alone in this :D

The problem, of course, is getting accepted at those schools. Once accepted, most students will be able to graduate debt free and with a moderate strain on their parents’ finances.
by TomatoTomahto
Mon Apr 19, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6517

Re: What Does College Tuition Really Cost?

With yearly income > 150K your kids won't get need-based aid anywhere. This demonstrably false statement is repeated all the time. Repetition does not make it true. Note: the below is from Yale, which isn’t even the most generous (Princeton probably deserves that honor) https://i.postimg.cc/W4Q42P5...
by TomatoTomahto
Mon Apr 19, 2021 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 35
Views: 2156

Re: Which is more forward-looking? Solar panels or Roth investment?

Just to add my anecdote that my solar system installation outperformed the installer estimated output in the first full year. I've also seen a number of posts on boglehead solar threads of a similar conclusion. So underperformance is certainly not a guarantee Yeah. I thought I had gotten lucky beca...
by TomatoTomahto
Mon Apr 19, 2021 9:45 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9822

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

I don’t know if $200M is where alternative investments begin to play a part, but $20M is too low IMO (unless perhaps if you’re relatively young). What is considered an "alternative investment"? And do we have any data on the return associated with such investments and the return of, say, ...
by TomatoTomahto
Mon Apr 19, 2021 9:35 am
Forum: Personal Investments
Topic: Options Trading for extra cash
Replies: 14
Views: 1419

Re: Options Trading for extra cash

Picking up nickels in front of a steamroller. Good luck.
by TomatoTomahto
Mon Apr 19, 2021 9:30 am
Forum: Investing - Theory, News & General
Topic: Your value of immediate $6k/yr pension/annuity
Replies: 7
Views: 720

Re: Your value of immediate $6k/yr pension/annuity

Other than SS, a CPI adjusted annuity is almost impossible to buy. Not a big deal lately with low inflations, but for a healthy 41 yo it is huge! I don’t know how to price it.
by TomatoTomahto
Sun Apr 18, 2021 7:38 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

I guess the people that use the phrase to describe themselves need to give us what that allocation actually is. Is 20/80 "no longer playing the game"? No; not knowing or caring about my percentage based asset allocation is “no longer playing the game.” Goodbye rebalancing. Goodbye sharpen...
by TomatoTomahto
Sun Apr 18, 2021 4:50 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

I guess the people that use the phrase to describe themselves need to give us what that allocation actually is. Is 20/80 "no longer playing the game"? No; not knowing or caring about my percentage based asset allocation is “no longer playing the game.” Goodbye rebalancing. Goodbye sharpen...
by TomatoTomahto
Sun Apr 18, 2021 2:09 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

IMO, winning the game means that 0% real is sufficient. Of course we’d rather have real gains, but we could withstand a 50%+decline in equities (our heirs would get less). How does this help? Achieving 0% with risk-free investments now is hardly possible. To me winning is having some number like 10...
by TomatoTomahto
Sun Apr 18, 2021 11:14 am
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6517

Re: What Does College Tuition Really Cost?

Maybe I'm missing something but do all kids graduating get close to a 4.0 GPA? Even with today’s inflated grades, not for un weighted GPA. I guess schools that have 72 valedictorians probably have multiple 4.0s though. https://www.washingtonpost.com/posteverything/wp/2015/06/10/heres-how-my-graduat...
by TomatoTomahto
Sun Apr 18, 2021 11:06 am
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 44
Views: 3623

Re: What to do next for our savings after maxing out everything?

OP, it’s not a bad idea to backdoor when you’re close to the limit. There’s no penalty for an “unnecessary” backdoor and it’s good practice. There is a penalty, it is the pro rata rule. We can't assume someone has a zero balance across all IRA like accounts. Even if someone doesn't have a IRA balan...
by TomatoTomahto
Sun Apr 18, 2021 9:35 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14087

Re: What does "won the game stop playing" mean in practice?

In our case, it meant putting $3M in various safe assets (eg, Stable Value fund, TBM, etc). Everything else goes to equities. Please don’t take this the wrong way, but if you need 3% real, you haven’t “won the game.” You’re ahead in the 3rd period :sharebeer IMO, winning the game means that 0% real ...
by TomatoTomahto
Sun Apr 18, 2021 9:27 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 184
Views: 13230

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

[snip...] I guess I also fall into the "pitied" group who didn't get to join a frat, party, and drink. As you know, the family is very happy with our son’s college experience. The only down time was when he (briefly) belonged to a fraternity. It was not a positive experience for him, but ...
by TomatoTomahto
Sun Apr 18, 2021 9:13 am
Forum: Investing - Theory, News & General
Topic: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?
Replies: 96
Views: 9822

Re: Do simple index fund-only portfolios (e.g., 3-fund, 5-fund, etc.) work for the ultra wealthy (say, $20+ million)?

I wouldn't call $20 million great wealth or ultra wealthy. Index funds should work as well for someone worth $20 million than for someone worth $2 million. Someone with more money may have access to investments that aren't available to someone with less money. Whether that will produce a better or ...
by TomatoTomahto
Sun Apr 18, 2021 8:48 am
Forum: Personal Finance (Not Investing)
Topic: “Running the Numbers”
Replies: 26
Views: 2304

Re: “Running the Numbers”

michaeljc70 wrote: Sun Apr 18, 2021 8:45 am It sounds like hiring a well known artist to paint the walls a solid color in your home.
I enjoy a good analogy. Well done Sir (I made that assumption based on your username; if in error, apologies).
by TomatoTomahto
Sun Apr 18, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: “Running the Numbers”
Replies: 26
Views: 2304

Re: “Running the Numbers”

Jim Lange can probably run numbers better than I can for some of the variables (expected growth of deferred accounts, taxable accounts, etc). Otoh, he has no better idea than I do about so many of the important variables: How long will I live? How long will my wife live? What will our medical expens...
by TomatoTomahto
Sun Apr 18, 2021 7:08 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 184
Views: 13230

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

Finally, for any parents trying to increase college ROI, consider encouraging your kids to make the most efficient use of their educational experience. Are they getting to know their professors and key staff? Are they building a career-oriented network through club leadership or community activitie...
by TomatoTomahto
Sun Apr 18, 2021 6:17 am
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 44
Views: 3623

Re: What to do next for our savings after maxing out everything?

OP, it’s not a bad idea to backdoor when you’re close to the limit. There’s no penalty for an “unnecessary” backdoor and it’s good practice. There is a penalty, it is the pro rata rule. We can't assume someone has a zero balance across all IRA like accounts. Even if someone doesn't have a IRA balan...
by TomatoTomahto
Sun Apr 18, 2021 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth for my daughter?
Replies: 31
Views: 3088

Re: Can I make a Roth for my daughter?

+1, once the account is open you can deposit your money directly into it using EFT, wire, or old fashioned check. this would show the $$ coming from someone other than her (??) Doesn't matter where the money comes from. It's a gift to the daughter and she can fund her IRA up to the limit or amount ...
by TomatoTomahto
Sat Apr 17, 2021 5:51 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2258

Re: Roth Conversians in Retirement

Since the deferred balance is exclusively bonds and Stable Value, I don’t foresee having the opportunity to meaningfully convert even during a crash. Agreed, this is an understated point missed in nearly every Roth conversion thread on this forum I've ever read. I'd guess that most people start out...
by TomatoTomahto
Sat Apr 17, 2021 3:42 pm
Forum: Personal Consumer Issues
Topic: Better air conditioning for upstairs: minisplit or just upgrade main hvac to variable speed?
Replies: 14
Views: 1356

Re: Better air conditioning for upstairs: minisplit or just upgrade main hvac to variable speed?

I don't really see how just replacing an already working unit is going to change the dynamic, unless the current one is undersized. It sounds like you need to possibly reengineer the ductwork. +1 We hadn’t realized just how undersized and choked off our upstairs returns were until we renovated that...
by TomatoTomahto
Sat Apr 17, 2021 3:00 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2258

Re: Roth Conversians in Retirement

Hello fine people. I recently retired with a pension and 7 figures in what’s now a traditional IRA (rolled over my 403b/457). Now that I’ve got my married household income lowered ($170k), I’ve been thinking of converting some of those traditional IRA to a Roth. I’m know that I’d pay taxes on those...
by TomatoTomahto
Sat Apr 17, 2021 2:13 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2258

Re: Roth Conversians in Retirement

Hello fine people. I recently retired with a pension and 7 figures in what’s now a traditional IRA (rolled over my 403b/457). Now that I’ve got my married household income lowered ($170k), I’ve been thinking of converting some of those traditional IRA to a Roth. I’m know that I’d pay taxes on those...