Search found 4689 matches

by MathWizard
Mon Apr 19, 2021 2:57 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14888

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

This thread is about what did the original statement mean, not about that any one of us thinks what is the best or better strategy. Since the original statement author is still there, maybe we can ask him/her to clarify it. Op here: I understood that it meant take less risk, but was unsure what was...
by MathWizard
Mon Apr 19, 2021 1:32 pm
Forum: Personal Consumer Issues
Topic: Please help with windows [Microsoft Windows]
Replies: 9
Views: 640

Re: Please help with windows

Use Cntl+Alt+Del to bring up a window, and choose the Task manager. The process tab will show you what is running, and what CPU/disk/Network it is consuming. The Performance tab will show a graph of recent usage. It is possibly either high CPU usage, or more likely high memory usage combined with di...
by MathWizard
Sun Apr 18, 2021 1:39 pm
Forum: Personal Consumer Issues
Topic: Tool for precise 90 degree cut with utility knife blade?
Replies: 22
Views: 1414

Re: Tool for precise 90 degree cut with utility knife blade?

How long a cut?

A paper guillotine like you used to see in school would seem ideal.
The cut would also be straight, and perpendicular.
The longest I see are 18 inches , by turning it around you might get 36 inches
by MathWizard
Sun Apr 18, 2021 1:05 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14888

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

Is the 50k stash a per year amount or a one time fund? If it is per year, how material is that to your annual number? If you take that number to something more reasonable (50k every five years- I don’t know) does the 3% real come down? If you have 50% flexibility in your expenses, seems like absorb...
by MathWizard
Sun Apr 18, 2021 12:57 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14888

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

Thanks for all the responses, and the article which quotes Bernstein. I do have the kids through college, and own my own home,no debt. I should have said that I needed 3% real to not deplete the principal after I claim SS benefits (which I assume are 75% of the estimated benefits). I also planned fo...
by MathWizard
Sun Apr 18, 2021 9:28 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14888

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

I've often seen answers include the recommendation "When you've won the game,stop playing." What does this mean in practice? I have won the game in the sense that assuming a 3% real return, that I can maintain my usual lifestyle, plus travel, plus a side stash of $50K for some completely u...
by MathWizard
Sat Apr 17, 2021 9:44 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2890

Re: Temp change in remote location - tell employer?

For a week, if you would have the same availability, I see no need. Salespeople work in other states on presentations . I've spoke at conferences even in other countries. I've attended weeklong conferences in other states/countries. I've taken a laptop along on vacations and debugged problems from m...
by MathWizard
Fri Apr 16, 2021 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 145
Views: 12334

Re: How quickly did you receive your 2020 tax refund?

Filed march 15, still waiting .

We had to paper file. For some reason, e-file with Turbotax was being rejected for not having the AGI correct for 2019, but we triple checked it.

I hope this does not indicate a problem.
by MathWizard
Wed Apr 14, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4838

Re: How would you handle this? -- big utility company problem!

Did your neighbor's utility bills go down after you spent the $2,450 to re-insulate? The insulation cut costs by about 40-45% per month. Which I had expected. The problem is.... I thought I was starting at a baseline of $175 / month in the winter. When the baseline is really $90 per month.... at mo...
by MathWizard
Wed Apr 14, 2021 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4838

Re: How would you handle this? -- big utility company problem!

Did your neighbor's utility bills go down after you spent the $2,450 to re-insulate? The insulation cut costs by about 40-45% per month. Which I had expected. The problem is.... I thought I was starting at a baseline of $175 / month in the winter. When the baseline is really $90 per month.... at mo...
by MathWizard
Wed Apr 14, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 491
Views: 32287

Re: "Nobody's ever regretted paying off the mortgage."

I don't regret paying off the mortgage. However, I do not advocate paying down the mortgage. This is a matter of cashflow. If you pay down (but not pay off) the mortgage, you have less liquid capital, but still have a mortgage payment next month, so you have reduced your available capital, but not y...
by MathWizard
Wed Apr 14, 2021 2:20 pm
Forum: Personal Consumer Issues
Topic: Help, anyone else use OneDrive?
Replies: 13
Views: 1494

Re: Help, anyone else use OneDrive?

Sorry, I don't use OneDrive.
Assuming you can recover your information, you might want to switch to
another service.

Though I have access to OneDrive, I use Box for work, and Google Docs for personal.
Google Docs is even available on my Android phone.
by MathWizard
Tue Apr 13, 2021 3:56 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5177

Re: 10+ year old used cars?

I have bought a few cars at 10 to 13 years old. All had less than 100K miles,
20K, 50K and 90K miles.

All were buicks. 2 dies at about 140K miles.
The 2000 model with 20K miles is still running at 135K miles, 11 years later .
by MathWizard
Tue Apr 13, 2021 3:16 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8171

Re: Multiple years of expenses in cash when starting retirement

Thanks for everyone’s comments about how they are using the cash and the reasons for stockpiling. However, I’m really looking at how people actually accumulated that cash? Was it slowly over time, selling bonds/equities right before retirement, foregoing other investments the final X years to fund ...
by MathWizard
Tue Apr 13, 2021 1:51 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8171

Re: Multiple years of expenses in cash when starting retirement

I only plan to have about 8 months of expenses in cash.
If equities crater, I will have bonds to draw from.
by MathWizard
Sat Apr 10, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4887

Re: Do budgets work?

Not really for us.

What worked has been
Increase human capital through education and continuous learning
pay yourself first,
Bank half of each raise
and use tax advantaged accounts ,
decide together on large purchases.
by MathWizard
Fri Apr 09, 2021 9:45 pm
Forum: Investing - Theory, News & General
Topic: How P/E ratios and other multiples are grossly misused
Replies: 28
Views: 2563

Re: How P/E ratios and other multiples are grossly misused - even by professionals

I'm not disagreeing that P/E is a simplistic measure, but
it would be more enlightening if you would provide an example or two which shows how you value a business using DCF, and how you feel that someone would use a P/E ratio to arrive at an incorrect number.
by MathWizard
Fri Apr 09, 2021 4:03 pm
Forum: Personal Consumer Issues
Topic: How do I learn to buy a car?
Replies: 15
Views: 1440

Re: How do I learn to buy a car?

You may not have a good experience the first time, but once you find a dealer/salesperson that you like, stay with them. If you don't work on cars, I would not do for sale by owner. I've replaced almost everything on a car, and still got burned on one. With FSBO, they will never see you again, so yo...
by MathWizard
Fri Apr 09, 2021 3:24 pm
Forum: Personal Consumer Issues
Topic: What EV to buy for 20k-25k?
Replies: 67
Views: 6056

Re: What EV to buy for 20k-25k?

If you want an EV at a super low price, consider buying a used Nissan Leaf. I saw a couple at my local Carmax that were amazing deals. I bought a 2019 Leaf SV with 6000 miles on it from CarMax a couple months ago for cheap. Love it. Used Leafs are not the steal they used to be, but they’re still a ...
by MathWizard
Fri Apr 09, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Mom With Social Security
Replies: 9
Views: 1090

Re: Helping Mom With Social Security

For your dad, full retirement age is age 66 yrs and 4 months, not 10, since he was born in 1956. If your dad is not receiving SS benefits, your parents would have need to be divorced for at least 2 (consecutive) years before filing. I assume that this is not an issue. I don't know if claiming now wo...
by MathWizard
Fri Apr 09, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2938

Re: Questions for 10+ year retirees

I have two questions for people who have been retired for 10+ years to help with my long term planning: It is generally stated that expenses go down in retirement over time, has this turned out to be true for you and if so, by roughly what percentage over what time period? If you have a non-COLAed ...
by MathWizard
Thu Apr 08, 2021 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you LOVE your tax professional?
Replies: 19
Views: 1695

Re: Do you LOVE your tax professional?

Yes, my wife and I live each other.
by MathWizard
Thu Apr 08, 2021 11:29 am
Forum: Forum Issues and Administration
Topic: Question about discussion of a proposed law or regulation
Replies: 14
Views: 835

Re: Question about discussion of a proposed law or regulation

I think the only thing we can talk about is how to reduce estate and gift tax liability in general. Definitely not anything related to things that are not yet law. Remember that pundits have been predicting for years various changes to tax law (usually increased marginal rates) that have not come t...
by MathWizard
Thu Apr 08, 2021 11:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2019 tax return not yet processed - Weird??
Replies: 13
Views: 854

Re: IRS 2019 tax return not yet processed - Weird??

My 2019 paper return was processed quickly.

Just W2, and a K1 so pretty simple.
Maybe your return was quite complicated.
by MathWizard
Thu Apr 08, 2021 10:54 am
Forum: Forum Issues and Administration
Topic: Question about discussion of a proposed law or regulation
Replies: 14
Views: 835

Re: Question about discussion of a proposed law or regulation

You do not have to talk about future legislation, you could just ask what can be done under current law. Utilizing the $15K/yr per person gift exemption is the most useful way. If you are married and have 2 kids with spouses Each of you could give $15K per person each year. This means $30K between t...
by MathWizard
Wed Apr 07, 2021 5:08 pm
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 88
Views: 30777

Re: How long to turn 1 million to 2 millions for you?

7 years from 1/2 million to 2 million in the retirement accounts. After 1/2 million, my wife and I had several accounts, so it's harder to know when we hit $1 million. Lots of contributions and very good market returns. I was 100% stocks until 4 years ago, at which time I was probably about 1 millio...
by MathWizard
Wed Apr 07, 2021 4:49 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21172

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Old Guy wrote: Wed Apr 07, 2021 12:03 pm I’m 78 years old. I’ve accumulated my wealth. Now I want to spend it.
Good for you! :D
by MathWizard
Wed Apr 07, 2021 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20943

Re: How much do you spend annually in retirement?

The bulk of your retirement should be after 65. For MFJ, the cost per person for Medicare part B is $148.50/month each, so $3564 for a couple. This is an 80/20 plan, and does not cover things like dental, eyeglasses, hearing aids. For myself and my wife, adding a (very nice) medigap plan that also ...
by MathWizard
Wed Apr 07, 2021 1:40 pm
Forum: Personal Investments
Topic: Retirement readiness and plan
Replies: 9
Views: 1338

Re: Retirement readiness and plan

My understanding is that leaving the Roth IRAs to the kids won’t provide the same benefit as leaving them taxable or tax-deferred assets where the step-up value works in their favor. You’ve already paid the taxes on the Roth assets. I would consider using the Roth assets to support your retirement,...
by MathWizard
Wed Apr 07, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20943

Re: How much do you spend annually in retirement?

We live on 22k so 50k is high on the hog here in the Midwest. help me understand that one... I've been told to budget about $20k per year for health care ... Pre-Medicare is expensive. The bulk of your retirement should be after 65. For MFJ, the cost per person for Medicare part B is $148.50/month ...
by MathWizard
Wed Apr 07, 2021 10:57 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21172

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I did this for years. For the first 26 years of driving, I never paid more than $3000 on a car, often much less. I got burned on one that required lots of repairs, and decided to pay a little more and spent around $8K on the next 4 over the next 15 years. Then in late 2017, we bought a $25K car with...
by MathWizard
Tue Apr 06, 2021 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20943

Re: How much do you spend annually in retirement?

Total estimate for spending is just over $90K/yr. on $1.1 million in tax deferred plus $400K on Roth, plus a $4K/yr pension and SS. Health Ins (Medicare does have a premium and is only 80/20 so we will have medigap insurance as well) Also federal and state taxes. We estimate about $72K discretionary...
by MathWizard
Mon Apr 05, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 65
Views: 6033

Re: Career advice for high schooler with HFA & difficulty with math

Thanks, everyone, for your feedback. She tried to learn Python coding, and did not do well in it. So I'm not sure - at this time - that coding / development would work, although I understand that kids change. I'm hoping things get easier & better for her. But looking at her now with the meltdow...
by MathWizard
Sun Apr 04, 2021 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 65
Views: 6033

Re: Career advice for high schooler with HFA & difficulty with math

Thanks, everyone, for your feedback. She tried to learn Python coding, and did not do well in it. So I'm not sure - at this time - that coding / development would work, although I understand that kids change. I'm hoping things get easier & better for her. But looking at her now with the meltdow...
by MathWizard
Sat Apr 03, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 65
Views: 6033

Re: Career advice for high schooler with HFA & difficulty with math

I think you have already gotten good advice, especially wrt the aptitude testing and checking what has worked for others . HS tends to revolve around lots of social interaction, at least when I was in it . This can be less so if she is in a working group with similar interests. Individual contributo...
by MathWizard
Thu Apr 01, 2021 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9323

Re: Do you trust the current value of your portfolio?

I currently discount the equity portion of my portfolio by 45% , and plan for retirement using the 4% rule after that. I also discount estimated SS benefits by 25% based on a number in the SS governor's report. This is probably being over conservative, but I'll loosen up later. It's much easier to ...
by MathWizard
Thu Apr 01, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9323

Re: Do you trust the current value of your portfolio?

I currently discount the equity portion of my portfolio by 45% , and plan for retirement using the 4% rule after that. I also discount estimated SS benefits by 25% based on a number in the SS governor's report. This is probably being over conservative, but I'll loosen up later. It's much easier to c...
by MathWizard
Thu Apr 01, 2021 11:54 am
Forum: Personal Investments
Topic: Social Security Question
Replies: 7
Views: 897

Re: Social Security Question

Am I reading your comment correctly: the surviving spouse will not receive the high-income spouse’s full benefit amount at time the high-income spouses dies, if the surviving spouse had originally claimed before their NRA (while high-income spouse was living)? If so, does the amount of reduction tu...
by MathWizard
Thu Apr 01, 2021 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 45
Views: 2577

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

There is also a social good that I associate with solar. My kids are very eco conscious, so that is a consideration as well. There is also a social good to improving energy efficiency of the household. The other poster mentioned saving $1500 a year in electricity costs. Our household hasn't spent t...
by MathWizard
Thu Apr 01, 2021 8:12 am
Forum: Personal Investments
Topic: Social Security Question
Replies: 7
Views: 897

Re: Social Security Question

Assuming both are already collecting, the survivor gets the larger of the two checks (not both) .

That is why for a couple, there is an advantage for the higher earner to wait until 70 , so the survivor has the highest SS income possible. This is what I plan to do as the higher earner.
by MathWizard
Thu Apr 01, 2021 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 45
Views: 2577

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

Assuming the cost of electricity does not go up, then economically , and using time value of money, I can't make a case for solar for my house. However, I am considering solar. It would' be a hedge against rising fuel prices (nat gas is currently cheap, but it used to be expensive, and coal has gott...
by MathWizard
Wed Mar 31, 2021 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 9
Views: 1145

Re: Social Security Question

Nuerosphere contributed a spreadsheet to the Bogleheads wiki that I find useful. Just put in zeroes for the years after you retire.
by MathWizard
Tue Mar 30, 2021 9:56 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6421

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

We started in 1999, and we did not contribute a few years while our kids were in college.

We each have a balance right around $200K.

Most years we have been able to use the extra $1K catch-up.

For most of the time we were 100% stocks.
by MathWizard
Tue Mar 30, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17346

Re: Spending money and living now VS saving and living better later?

My plan has always been to retire with the same "take home" as before retiring, along with some extra funds for early travel, and $100K for a later expense at around 80 ( probably medically related) Take home is after medical insurance, which I currently get from my employer, and after tax...
by MathWizard
Tue Mar 30, 2021 2:06 pm
Forum: Personal Investments
Topic: Trust in pensions ?
Replies: 43
Views: 3052

Re: Trust in pensions ?

When I started over 30 years ago, I was offered either a 403b plan with match or a pension. It was a non-revocable decision that you had to make along in one afternoon along with many other decisions. I did not trust that the state would not mess with the fund, and went with the 403b plan. They have...
by MathWizard
Mon Mar 29, 2021 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Estimating my future taxes in retirement
Replies: 12
Views: 1202

Re: Estimating my future taxes in retirement

I do as cyclesafe does,both with federal and state.

i-orp.com will calculates taxes as well, but only federal,
you can then estimate the state taxes to adjust the result.
by MathWizard
Mon Mar 29, 2021 6:58 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29863

Re: 4% rule disputed (Again??!!)

Also, inflation adjusted (real) spending in retirement tends to resemble a smile. Sometimes referred to as go-go, go slow, no-go, but with the no-go having higher medical expenses. To clarify, the 'no-go' crowd appears to still see their inflation-adjusted spending decline as they age; the decline ...
by MathWizard
Sun Mar 28, 2021 3:03 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29863

Re: 4% rule disputed (Again??!!)

Also, inflation adjusted (real) spending in retirement tends to resemble a smile. Sometimes referred to as go-go, go slow, no-go, but with the no-go having higher medical expenses. To clarify, the 'no-go' crowd appears to still see their inflation-adjusted spending decline as they age; the decline ...
by MathWizard
Sun Mar 28, 2021 2:28 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29863

Re: 4% rule disputed (Again??!!)

There's not much interest to back up the claim because I don't plan on doing 4% constant-dollar + CPI in the first place. My opinion is withdrawals should be percentage-based, be it constant-%, VPW or ABW. Perhaps I've been salaried for too long, but I like the idea of continuing to be "paid&q...
by MathWizard
Sat Mar 27, 2021 9:22 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3741

Re: Lake Wobegon's nefarious sister city

Before costs,the weighted average of active trading within a set of equities,the total market is EXACTLY the same as that of the an index for the same set. This is the ideal, in practice,the difference is the tracking error of the index, which is typically very small. Since a passive index doesn't h...