Search found 737 matches

by downshiftme
Thu Jul 30, 2015 3:49 pm
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 88
Views: 6248

Re: Asking for separate checks?

Credit Card Roulette. At a 12 person dinner, you have an 11/12 chance of not paying. The trick is to play regularly and it all evens out. This is not so. It NEVER evens out. If one person consistently orders food twice as expensive as everyone else, they will still pay on average 1/12 of the total ...
by downshiftme
Thu Jul 30, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting a young adult from his money?
Replies: 27
Views: 3392

Re: Protecting a young adult from his money?

While a UTMA or UGMA account is technically owned by the minor at age 18 or 21, depending on details and state, there is no mechanism that specifically alerts the kid to the pile of money. There will still be account statements and tax implications, but many 18-21 year olds are not particularly awar...
by downshiftme
Sun Jul 26, 2015 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 3016

Re: Golden handcuffs - help with vested retirement plan

I would not describe $53K as "uber-generous". That is the federal limit for contributions to 401k and profit sharing plans for individuals under age 50. That is a very common contribution amount for physicians and executives. Wow, I must run with the wrong crowd. Seems uber generous to me...
by downshiftme
Sun Jul 26, 2015 8:38 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 180
Views: 11227

Re: Would you look down on a co-worker for driving a beater?

Is the rust just cosmetic? People who save a lot by being frugal and driving old cars can have their own success on their own terms, even if it doesn't conform to the professional idea of fancy high end expenditures. But rust that is structural brings it's own set of problems. Frugal at the expense ...
by downshiftme
Sun Jul 26, 2015 8:16 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4386

Re: Can you return food at a restaurant and not have to pay for it?

In my experience, restaurants are unreliable and even high end places can make mistakes. I've not experienced the deliberate sabotage some other posters have described, but I have seen plenty of foolish mistakes. A vegetarian friend reports that she fairly frequently finds bacon in dishes that waite...
by downshiftme
Wed Jul 22, 2015 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3444

Re: Huge Mistake, Bought PBYI, Now What?

If you had the cash in hand today, would you buy this stock at it's current price? If so, hold. If not then you should sell and get the cash back. Otherwise you are letting your bias from investing a larger amount in the past unduly influence your current action. From your description it sounds like...
by downshiftme
Sun Jul 19, 2015 10:56 pm
Forum: Personal Consumer Issues
Topic: Costco Prescription Glasses
Replies: 17
Views: 1393

Re: Costco Prescription Glasses

I prefer Zenni Optical, which is less expensive than even my VSP. My daughter liked the choices at Costco better and we were able to submit the bill to VSP after we paid in full.
by downshiftme
Fri Jul 17, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should severance be allowed to reduce emergency fund?
Replies: 23
Views: 2162

Re: Should severance be allowed to reduce emergency fund?

I would not reduce my Emergency Fund based on a promise to receive severance unless I had an employment contract that specified it. Even then, I would be cautious, as companies don't always follow their own rules and I might need that emergency fund to compel compliance with their contract. Companie...
by downshiftme
Fri Jul 17, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Vanguard Customer
Replies: 20
Views: 2117

Re: New Vanguard Customer

My suggestion is that if your allocation scheme includes positions of less than 5% that you may have made it overly complex. A position under 5% can have little effect on overall portfolio performance. You may be able to achieve a similar performance / risk profile with a simpler allocation to fewer...
by downshiftme
Tue Jul 14, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 929

Re: Retroactive Social Security

Is this new? In previous conversations with SS, I have been told that the adjustments for early or late starts, compared to FRA, are based on the exact month you start and will be computed to change for each month you delay.
by downshiftme
Tue Jun 23, 2015 9:29 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 218
Views: 23884

Re: What was the 2008 crash like in real time?

Having been through the dot.com crash before, I was well conditioned to do nothing. Besides in both the dot.com and the 2008 crash, the company I was working for had problems and there were big layoffs. While I did think about my investments and deliberately stood still and did nothing, the action w...
by downshiftme
Mon Jun 22, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 12508

Re: Investing 11 Million Dollar Gift

my wife is not very stable and I do not want to fund her decision to make a wrong decision against me and my sons This is a consideration far more important than how you invest this. If you manage to keep this as separate property then in theory it would still be yours in the event of a divorce. Ho...
by downshiftme
Sat Jun 20, 2015 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401K advisor Qusestions
Replies: 25
Views: 2636

Re: 401K advisor Qusestions

There is a large universe of actively managed funds to choose from. If you are willing to cherry pick the lists, you can find some that happened to have better performance than passive funds. The real test is what will happen going forward, and I bet your adviser will NOT offer any guarantee that th...
by downshiftme
Sat Jun 20, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 4
Views: 679

Re: Wills

Those both seem like reputable products, but the real test of a will happens after I am gone and cannot do anything about it. To insure that my wishes are actually going to be carried out and there's no way to challenge or over turn the will, or to insure that I don't make a technical mistake that i...
by downshiftme
Sat Jun 20, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4327

Re: Is Private Banking ever useful for simple Bogleheads

So where my bank (big bank) has a "Private Banking" section that's walled off from the regular bank and seems to be offering a "private banking" relationship for $1 million in accounts, you think this is really just the "private client" type arrangement which offers may...
by downshiftme
Fri Jun 19, 2015 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4327

Re: Is Private Banking ever useful for simple Bogleheads

While I do like drinks, handshakes and the subtle scents of leather and mahogany, I don't want to pay 1% of my assets (or whatever they charge) just for that. I can buy a lot of air fresheners if my nose feels neglected. But are there any real benefits beyond the idea of not waiting in line. Honestl...
by downshiftme
Fri Jun 19, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4327

Is Private Banking ever useful for simple Bogleheads

As a diligent saver and a more of less straight Boglehead investor, eventually my assets have accumulated. With most of my investing assets at Vanguard and banking at a big national bank, I qualify for most of the bank's no fee premier customer accounts by keeping some 10's of thousand in accounts a...
by downshiftme
Thu Jun 11, 2015 12:28 pm
Forum: Personal Consumer Issues
Topic: Non-Bogleheads approach to changing cars?
Replies: 44
Views: 5088

Re: Non-Bogleheads approach to changing cars?

Trying to anticipate your needs years in advance would be akin to market timing I don't see it that way. Trying to anticipate your needs years in advance would be akin to long term planning. Maybe if you "anticipate" a mid-life crisis and buy a sports car or if you try to guess when self-...
by downshiftme
Tue Jun 09, 2015 2:17 pm
Forum: Personal Consumer Issues
Topic: Problem with Social Security Website
Replies: 8
Views: 855

Re: Problem with Social Security Website

I had a similar problem some time ago with the SS site. Although I know I was using the correct password and was not getting a password error, I finally got the problem to go away by telling them I forgot my password and asking for a reset. I suspect that different parts of their system regard accou...
by downshiftme
Mon Jun 08, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9915

Re: close friend found out how much I have - bad outcome

I'd like to think that most people are tactful enough as to not ask about the method of payment (all cash vs. loan, etc.). I would have thought the same, and for myself I cannot imagine asking such a question except with a very good friend in a very special situation. However my experience has been...
by downshiftme
Mon Jun 08, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8075

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even With financial analysis, we are accustomed to working out break even calculations and...
by downshiftme
Mon Jun 08, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 5126

Re: Inheritance and Economic Outpatient Care for a Boglehead

Some costs are going to be hard to include, like living in a good school district or a generally positive upbringing. inheritances: 0 school fees: public school, but there were always fees for activities. No idea how to account for these. College tuition: undergrad+living expenses 100% paid by paren...
by downshiftme
Mon May 25, 2015 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 61
Views: 4338

Re: Do Bogleheads plan to utilize Independent Living facilities?

CCRC are in my plan. I had a relative who spent more than 30 years in one, starting in an independent cottage, moving to an apartment and then various forms of assisted living as needed. Including moving back down the scale when recovery went well. There was always an active social life, plenty of f...
by downshiftme
Fri May 22, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1366

Re: Confirming that I should not use my 401k

Without a match and will moderately poor choices, the only reasons to use the 401k would be to shelter more income than your IRA can. That doesn't seem to apply in your case, so your reasoning seems sound.
by downshiftme
Fri May 22, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: Our Mistakes Benefit Future Generations
Replies: 18
Views: 3320

Re: Our Mistakes Benefit Future Generations

Based on the title, I expected a thread about the difficulty balancing desire for financial security and the difficulty projecting future expense, which will result in excess portfolio balances transferring to future generations. There should be large inter-generational transfers ahead. Good thing t...
by downshiftme
Thu May 21, 2015 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Confused [about bonds]
Replies: 15
Views: 1950

Re: Confused

tickers? Usually you can get more responses if you include fund names in addition to tickers.
by downshiftme
Thu May 21, 2015 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone had the Personal Capital complementary review yet?
Replies: 31
Views: 4532

Re: Anyone had the Personal Capital complementary review yet?

Well, different strokes. I have no desire at all to share my account details with anyone for purpose of aggregating my view of investments. I can see from my existing statements and online access very well what I have. If I couldn't, I would simplify. This application solves a problem I don't have, ...
by downshiftme
Wed May 20, 2015 9:04 am
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 3442

Re: How should drivers react to bicycle riders on one lane roads?

As a cyclist, please pass me as soon as it's safe, double yellow or not. Wait! While it's probably a good idea to pass the cyclist with a wide berth as soon as you can safely do so, double yellow lines often mark areas where it is NOT safe to pass, perhaps due to visibility or blind entrances. Unle...
by downshiftme
Tue May 19, 2015 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Living on last months income.
Replies: 33
Views: 3601

Re: Living on last months income.

I prefer to think of it as having a month's worth of buffer in the checking account, but the effect is the same. One of the parts of detailed budgeting that seemed most onerous to me was worrying about the dates the paychecks arrived in relation to the dates the rent or other bills were due. By havi...
by downshiftme
Fri May 15, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody know of a good no-cost HELOC?
Replies: 10
Views: 1000

Re: Anybody know of a good no-cost HELOC?

Don't know about their current offering, but PenFed usually has a good no-fee HELOC option.
by downshiftme
Thu May 14, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will ignores instructions in will!
Replies: 21
Views: 4620

Re: Executor of Will ignores instructions in will!

So, by selling at half price, he effectively reduced the value of the asset by 100k (half of which would have been your wife's), but he also may have removed a 200K asset from the estate (again half of which would have been your wife's). So the damage is either 50k or 100k depending how you look at ...
by downshiftme
Wed May 13, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Too soon to change jobs? Pres/CEO types
Replies: 16
Views: 2239

Re: Too soon to change jobs? Pres/CEO types

Not a career path I have any interest in, but my 2 cents is of course you take this new job. Obviously. And here's why: opportunities with a clear path to CEO roles at this level, not to mention a built in mentor who wants you to make the leap, are rare. You don't appear to have one where you are no...
by downshiftme
Wed May 13, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 11643

Re: Will you buy self-driving car?

Sorry, but even if self-driving cars never crash and human drivers crash nine times out of ten, safety isn't a selling point for me. Well, now I'm confused. Why would such a safety advantage not be a selling point for you? What "selling point" either in favor or against is relevant for you?
by downshiftme
Tue May 12, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 11643

Re: Will you buy self-driving car?

Aircraft autopilot is a very different problem than automobile autopilot. One of the biggest differences is that a car autopilot can always slow down and safely stop if it encounters an unexpected situation. Airplanes cannot. Likewise, cars can slowdown or pull off to the side of the road and wait f...
by downshiftme
Mon May 11, 2015 6:07 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 11643

Re: Will you buy self-driving car?

Has anyone thought of the moral decisions that an autonomous car would be faced with? You're driving along and a 10 year old kid runs into the street. Do you swerve and kill yourself? Do you hit the kid? What if you're not alone in your car, and you have your kid and their school mates, does that c...
by downshiftme
Mon Apr 20, 2015 12:52 pm
Forum: Personal Consumer Issues
Topic: Just got contact lenses. Should I buy backup glasses?
Replies: 22
Views: 1316

Re: Just got contact lenses. Should I buy backup glasses?

As a contact lens wearer, I strongly recommend having spare glasses available. These are only for backup, so getting very inexpensive ones from Zenni Optical made sense for me. I don't like to carry them around, so I park a pair in my car, in my office, at home, in my carry on bag, and I know if any...
by downshiftme
Mon Apr 20, 2015 12:38 pm
Forum: Investing - Theory, News & General
Topic: What Guaranteed Return Would You Require to Move All Assets
Replies: 54
Views: 3687

Re: What Guaranteed Return Would You Require to Move All Ass

There is no rate at which I would put all of my eggs in a single basket. You could promise the moon guaranteed (as ponzi scheme operators and con men often do) and I would not invest all my assets in your single investment. If this is a theoretical question, at what hypothetical guaranteed nominal r...
by downshiftme
Fri Apr 17, 2015 6:34 pm
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 149
Views: 14403

Re: John Bogle's Don't Peek Challenge

I wasn't really suggesting they don't peek for 30 years (the extreme version suggested by Jack), but I think you will be fine if you do the modified version and don't peek for one to three years. I strongly disagree. If there is some problem with your account, you will NOT be fine if you fail to di...
by downshiftme
Fri Apr 17, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 24
Views: 2287

Re: Mom is 59.5, in a terrible 403b. can she rollover?

Even if the current plan does not allow in-service rollover to another provider, such as Vanguard, are there any other investment options in the 403b that would be better than the terrible annuity she currently holds?
by downshiftme
Fri Apr 17, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6589

Re: My job says I can't work for anyone else...

Not a physician, but I have had several employers with similar restrictions on outside employment without permission. For professional employees, the theory is that your salary covers your work, including intellectual work, not just your specific hours on the job premises. Sometimes there are even i...
by downshiftme
Fri Apr 17, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: Wells Fargo Customer Service
Replies: 8
Views: 995

Re: Wells Fargo Customer Service

I have had all kinds of customer service problems with Wells Fargo, usually because of something that they did, not something that I did. However patient management of the customer service process and insistent escalations has always provided a satisfactory answer. Eventually. If all else fails, mee...
by downshiftme
Thu Apr 16, 2015 6:43 pm
Forum: Investing - Theory, News & General
Topic: Porter Stansberry advising going to 100% cash - Help!
Replies: 56
Views: 7964

Re: Porter Stansberry advising going to 100% cash - Help!

The scare mongering and predictions for a 50% drop in 2014 didn't pan out. Obviously. They are now back with a new round of similarly dire predictions for 70% drop by Oct 11, 2015 (strangely specific). Apparently fear sells, and the fact that they simply change the prediction to six months in the fu...
by downshiftme
Sat Apr 11, 2015 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Cash out pre-IPO for 5%?
Replies: 8
Views: 1423

Re: Cash out pre-IPO for 5%?

It doesn't seem like there is that much downside risk for me other than the fee as I would get cash up front, they claim it would be treated as a standard disposition subject to long term capital gains, and then I'd pay them money (presumably by selling to cover) when an IPO happens. But what happe...
by downshiftme
Fri Apr 10, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Getting married-do I really need a will?
Replies: 26
Views: 2250

Re: Getting married-do I really need a will?

I am also in a state that intestate rules only send a proportion of assets to my spouse. Remainder would go to my parents and siblings, which makes no sense. Besides, I don't want to be dependent on the default action of state law when it is so easy to simply specify what I want.
by downshiftme
Fri Apr 03, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Great ESPP not for "ME"?
Replies: 20
Views: 2105

Re: Great ESPP not for "ME"?

If you are somehow in a situation with no outside savings to cushion the cash flow to take advantage of this great plan, then you should focus on getting yourself some adequate emergency fund and savings. Otherwise, I fail to see the problem that getting a windfall of additional income you get from ...
by downshiftme
Fri Apr 03, 2015 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: 401k divorce, remarriage and Erisa Law
Replies: 13
Views: 2201

Re: 401k divorce, remarriage and Erisa Law

There may be some state laws that could help you. When I was divorced, I was told that in my state that beneficiary designations to the ex-spouse were invalidated by the divorce (effectively meaning there was no beneficiary designated for that account), but that it was prudent to send in new benefic...
by downshiftme
Thu Apr 02, 2015 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Lawyer to enter my property to construct road
Replies: 39
Views: 6978

Re: Letter from Lawyer to enter my property to construct roa

You should be happy that they didn't just show up on your land with a bulldozer and graders. This confuses me. Just because a landlocked property has an easement to access that property through someone else's parcel, doesn't mean they can cause whatever damages they want in doing so, nor that they ...
by downshiftme
Tue Mar 31, 2015 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a bad 401K?
Replies: 23
Views: 1927

Re: Is this a bad 401K?

Your match may not be guaranteed, but neither are positive equity returns. Unless the fees (ER) are very high and you will be here a very long time, the 401k is almost always still a good deal. If nothing else, it is a holding device for tax advantaged funds that have an annual limit. You can park t...
by downshiftme
Tue Mar 31, 2015 12:37 pm
Forum: Investing - Theory, News & General
Topic: "The Final Say on Spending Rules" - L. Siegel
Replies: 17
Views: 2873

Re: The final word on portfolio spending rate in retirement

If this is what you really want to accomplish, it seems like it would be a lot easier and safer to just actually buy the annuities from a bunch of different companies (protecting against any one going out of business) and be done with it. Of course, that assumes you want to spend it all and be sure ...
by downshiftme
Mon Mar 30, 2015 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Apply For HELOC as Emergency Funds???
Replies: 23
Views: 2364

Re: Apply For HELOC as Emergency Funds???

Having a no fee, good rate, HELOC is a very useful tool. As an actual Emergency Fund, it's use may be limited because HELOCs can be frozen, but if you already have sufficient Emergency Fund, then a HELOC can add useful options when you need to use a bunch of cash and don't want to hassle with financ...

Go to advanced search