Bogleheads.org

MathWizard

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...

MathWizard

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...

MathWizard

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

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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.

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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.

MathWizard

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 .

MathWizard

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 ...

MathWizard

I only plan to have about 8 months of expenses in cash.
If equities crater, I will have bonds to draw from.

MathWizard

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.

MathWizard

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.

MathWizard

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...

MathWizard

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 ...

MathWizard

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...

MathWizard

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 ...

MathWizard

Yes, my wife and I live each other.

MathWizard

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...

MathWizard

My 2019 paper return was processed quickly.

Just W2, and a K1 so pretty simple.
Maybe your return was quite complicated.

MathWizard

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...

MathWizard

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...

MathWizard

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!

MathWizard

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 ...

MathWizard

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,...

MathWizard

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 ...

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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 ...

MathWizard

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...

MathWizard

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...

MathWizard

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...

MathWizard

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.

MathWizard

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...

MathWizard

Nuerosphere contributed a spreadsheet to the Bogleheads wiki that I find useful. Just put in zeroes for the years after you retire.

MathWizard

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.

MathWizard

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...

MathWizard

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...

MathWizard

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.

MathWizard

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 ...

MathWizard

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 ...

MathWizard

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...

MathWizard

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...

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