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Re: Options/guidance for a lazy person to be fit

For me, walking/hiking/biking are the cardio base (I have just never managed to be efficient enough to sustain running/jogging and swimming), combined with strength/higher-intensity conditioning workouts at the gym. If you are lazy (I am) try to do walking/biking as part of your normal daily routine...
by freebeer
Fri Jul 18, 2014 11:07 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 67
Views: 3942

Re: Withdrawal Rate and Net Worth

Do any of you use net worth when calculating your withdrawals. Eg, you are withdrawing 4% of your net worth rather than just your portfolio. After all, let's say your home equity is a big part of your net worth and you are willing/ready to downsize than why not include that total as your real asset...
by freebeer
Thu Jul 17, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Withdrawal Rate and Net Worth
Replies: 16
Views: 1771

Re: Wife has no retirement options- is breadwinner

1 - Max your 401k 2 - Max both Roth IRAs 3 - Max any HSA you might have access to 4 - Start piling up funds in tax efficient taxable Vanguard mutual funds (such as the Total Stock Market Index, the Total International Index, and/or the S&P 500 Index). Keep bonds and any REITs in the retirement ...
by freebeer
Thu Jul 17, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 3174

Re: Ways to lose money and destroy personal wealth by invest

- attempting to hedge "human capital" risk, and more specifically employee stock-option risk, by shorting stock in a peer company of your employer.
- come to think of it, "naked" shorting stock, period.
by freebeer
Thu Jul 17, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 8954

Re: Likely about to lose job, planning for transition

...I also went out and bought a third car and got a 0%-loan before I became unemployed.... third car - yikes! with 0% loan implying new car which means many thousands of dollars lost driving off the lot... double yikes!! I would instead be seeking to be considerably more frugal, maybe selling car #...
by freebeer
Thu Jul 17, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Likely about to lose job, planning for transition
Replies: 21
Views: 2566

Re: Withdrawal Rate and Net Worth

Do any of you use net worth when calculating your withdrawals. Eg, you are withdrawing 4% of your net worth rather than just your portfolio. After all, let's say your home equity is a big part of your net worth and you are willing/ready to downsize than why not include that total as your real asset...
by freebeer
Thu Jul 17, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Withdrawal Rate and Net Worth
Replies: 16
Views: 1771

Re: Minimizing Capital Gain Tax

...daughter who is four years away from college. The funds that we will be using for those expenses will be from two Vanguard taxable accounts. We have a very low basis in both funds so would incur a pretty hefty hit in capital gain tax if we sold shares. Also, my AGI is almost $230,000 and my unde...
by freebeer
Wed Jul 16, 2014 9:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimizing Capital Gain Tax
Replies: 10
Views: 1135

Re: Retiring soon setting aside 3 years living expenses

I think I can try to explain the mind set: Folks who retire before age 59.5 with a little bit in a taxable account do not wish to have to withdraw any money from their IRAs before age 59.5, so they want their taxable account to last until they reach age 59.5. They are afraid that a market crash bef...
by freebeer
Tue Jul 15, 2014 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5162

Re: University of British Columbia - Vancouver?

I also have an incoming high school senior and UBC is on his "possible" list and he has sailing teammates who are entering this fall. We've been to Vancouver dozens of times, it's a great place and UBC a good school (albeit depending on major Simon Fraser may have it beat rep-wise locally)...
by freebeer
Mon Jul 14, 2014 7:41 pm
 
Forum: Personal Consumer Issues
Topic: University of British Columbia - Vancouver?
Replies: 31
Views: 1724

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

... Your example conflates the tradeoffs of a) reverse-mortgage vs. selling and getting an SPIA with b) staying in a home vs. downsizing into a modest apartment. ... If it comes across that way I misspoke, but reviewing the text I don't think I did. I intended, at least, to compare them as necessar...
by freebeer
Mon Jul 14, 2014 7:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3057

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

...One option... is a periodic payment... I would be very surprised if in most cases selling a home and using the proceeds to buy an inflation-adjusted single premium immediate annuity, then moving into a modest rental apartment, especially a housing-agency space reserved for seniors, wasn't a fina...
by freebeer
Sun Jul 13, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3057

Re: Retiring soon setting aside 3 years living expenses

...It sounds to me like OP has a taxable portfolio from which OP will be making withdrawals and doesn't want to cash in stock funds during a market pullback. I am in a similar position as I expect to retire in 1 -3 years. For me, the issue isn't having enough assets for retirement - it is the fact ...
by freebeer
Sun Jul 13, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring soon setting aside 3 years living expenses
Replies: 49
Views: 5162

Re: Ditch car and commute to work in 250cc scooter in Raleig

... ... as dangerous as the average car. Motorcycles on the other hand are about 35 times worse ... on a per mile basis. ... The "35 times worse" statistic appears to be about the risk of a fatal crash on motorcycle vs. car from a 2006 study (http://www-nrd.nhtsa.dot.gov/Pubs/810990.PDF)....
by freebeer
Sun Jul 13, 2014 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 68
Views: 3961

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

What is your age(s) and gender(s)? There is no way to assess safety of a decumulatory withdrawal rate without this information... 55 year old female a very different story than 72 year old male (I would swag 3% for the former, 5% for the latter). As others have noted if you don't have a bequest moti...
by freebeer
Sun Jul 13, 2014 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3057

Re: Have you quit your job because of your boss?

... My new position probably wouldn't pay as much, at least initially, but my retirement continues as before and I would still retire at my current pay scale (the highest pay) Of course government agencies are under pressure to reform generous pension plans so I would be hesitant before presuming I...
by freebeer
Sun Jul 13, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7038

Re: Ditch car and commute to work in 250cc scooter in Raleig

I have a Kymco People S 200, it gets to 70 on level, so I can ride on freeways, and it's affordable both in its miserly gas consumption (I love the expression on the folks filling up their gas guzzlers when I fill up with 1/2 gallon) and purchase priced (used you can get one under $2K). It has motor...
by freebeer
Sun Jul 13, 2014 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 68
Views: 3961

Re: True or False? Your risk tolerance only increases with t

This is situation-dependent so can't be given a blank True or False. If you become truly financially independent - you have more money than you will ever spend, i.e. you are not really "decumulating" in retirement but still adding to your portfolio even with withdrawals - then your risk to...
by freebeer
Fri Jul 11, 2014 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: True or False? Your risk tolerance only increases with time
Replies: 30
Views: 2321

Re: Engineer career change

My goal in life is to maximize my compensation to effort ratio . Haha, been chasing this goal for 30 years. I moved into management about 15 years ago, much more work and stress than individual contributor engineering job, good move avoiding this... I disagree based on my own experience. And, you w...
by freebeer
Fri Jul 11, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5381

Re: San Juan Islands

I prefer Lopez... much quieter than San Juan or even Orcas but has all services, decent restaurants, and some lovely beaches and hikes. Orcas would be my #2 choice... #1 if you want the hippie vibe (go to Doe Bay and soak in the hot springs). Biking is easier on Lopez though (much flatter). We've b...
by freebeer
Fri Jul 11, 2014 6:16 am
 
Forum: Personal Finance (Not Investing)
Topic: San Juan Islands
Replies: 18
Views: 2202

Re: San Juan Islands

I prefer Lopez... much quieter than San Juan or even Orcas but has all services, decent restaurants, and some lovely beaches and hikes. Orcas would be my #2 choice... #1 if you want the hippie vibe (go to Doe Bay and soak in the hot springs). Biking is easier on Lopez though (much flatter).
by freebeer
Thu Jul 10, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: San Juan Islands
Replies: 18
Views: 2202

Re: How to w/d from taxable until SS/RMD time gets here?

If spending down a taxable account you should not reinvest dividends. Collect the dividends for spending.... Why? It would seem better to reinvest and consider which securities to sell for spending based on total tax situation ... It nay be those (since basis = current value) but you might prefer t...
by freebeer
Tue Jul 08, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1962

Re: Which house should we buy?

Wow, 4BR 3.5BA and you're a couple without any kids yet. Maybe I'm just being influenced by Mr Money Mustache extremist LBYM financial porn lately but, although clearly you can afford either home, this seems a bit burdensome, if you are interested in achieving early financial independence (which you...
by freebeer
Mon Jul 07, 2014 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Which house should we buy?
Replies: 11
Views: 1251

Re: Business structure - Self employed software engineer

I've done LLC taxed as sole proprietorship (pass through). But I am also on the other side, and I presently pay 6 different contractors who are all over the map on their legal structures. I'm small so roll with the punches but if you anticipate business from a few particular MegaCorps (e.g. based on...
by freebeer
Mon Jul 07, 2014 1:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Business structure - Self employed software engineer
Replies: 18
Views: 1815

Re: The Millionaire Next Door: Are You One?

... 1999 vehicle crash test safety compared to any 2015 model--no matter how expensive--is vastly inferior. ... You're actually intentionally putting yourself in a more risky situation by driving an old car. I know they tightened the rules in 2011 but I can't find any specific data about fatalities...
by freebeer
Sat Jul 05, 2014 11:01 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22043

Re: Animal battle Round 7: Raccoon pooping near house

... Trapping the raccoon may not help. There may be more than one ... I was not aware that Baylisascaris transmission was so low. Most of the sites indicate that it was very dangerous. I was planning to clean up the stuff before I let the kids out again... There are almost certainly several using y...
by freebeer
Sat Jul 05, 2014 12:12 pm
 
Forum: Personal Consumer Issues
Topic: Animal battle Round 7: Raccoon pooping near house
Replies: 39
Views: 3145

Re: Animal battle Round 7: Raccoon pooping near house

Because you have raccoons around you don't let your kids play in the back yard? Really?? According to CDC fewer than 25 cases of Baylisascaris disease (transmission of raccoon roundworm to humans) have been documented in the United States... *ever*. There's some evidence that if you keep kids in ult...
by freebeer
Sat Jul 05, 2014 12:06 am
 
Forum: Personal Consumer Issues
Topic: Animal battle Round 7: Raccoon pooping near house
Replies: 39
Views: 3145

Re: Longevity Insurance now allowed in IRA/401k/etc.

All I want to know is whether there is / will be a low-fees way to purchase a longevity insurance policy? Anything that's larded by a big sales commission isn't worth it, but a reasonably actuarially-fair policy would be nice for us both in terms of lowering taxes on RMDs and in terms of the basic c...
by freebeer
Thu Jul 03, 2014 7:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4597

Re: Alpo risk in retirement: Overblown?

.. the Alpo analogy is overblown b/c this group is very intelligent and probably has a very high savings rate with great investing acumen (low cost/broadly diversified index funds)... I would add also that many members of this group have a tendency (perhaps even compulsion) to be over-prepared. To ...
by freebeer
Thu Jul 03, 2014 11:55 am
 
Forum: Investing - Theory, News & General
Topic: Alpo risk in retirement: Overblown?
Replies: 41
Views: 2333

Re: burning 1 lb is how many calories?

If you are trying to lose weight..Either you need to eat less, exercise more, or a combination of both If the OP or anyone else is trying to lose weight, it presumptuous and degrading to say they are gluttonous (eating too much) or lazy (need to exercise more).... Do you have a different suggestion...
by freebeer
Wed Jul 02, 2014 12:10 am
 
Forum: Personal Consumer Issues
Topic: burning 1 lb is how many calories?
Replies: 69
Views: 5519

Re: Advice on redesigning my parents' retirement portfolio

... Their combined adjusted gross income is $82,500. .. My estimate of their retirement income = (fixed income) + (4 percent of savings) = 55,000 + 0.04*(580,000) = $78,000 So that's close to their current income (yeah!). But I think they could definitely improve their portfolio... But remember tha...
by freebeer
Tue Jul 01, 2014 12:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on redesigning my parents' retirement portfolio
Replies: 16
Views: 1073

Re: Hit our number, should we change our asset allocation?

... Personally i bet it would have been painfull to sell at 5 million and then watch the stock go to 15 million. 10 million more bucks can really change your life... Maybe so. But our recent decision to tweak from 60/40 to 50/50 was based on the opposite conclusion. That for us, the marginal utilit...
by freebeer
Mon Jun 30, 2014 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hit our number, should we change our asset allocation?
Replies: 34
Views: 2727

Re: Washington state retirees?

Once you decide on the area you want to live in, I strongly suggest renting for awhile before buying. It is hard to convey just how bad the traffic here is, and you may find the estimates given for travel time getting to Seattle are way off. Predictions are for a large influx of new residents over ...
by freebeer
Mon Jun 30, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 1713

Re: The Millionaire Next Door: Are You One?

Yes I admit to being LBYM status-seeking :sharebeer . Our cars are 2007/2008 and our house has VG fir doors but only painted MDF trim. I do admit to having a bit of lust for our neighbor's house that has VG fir trim but not enough to move :happy .
by freebeer
Mon Jun 30, 2014 2:00 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22043

Re: How to get father on board with index funds

I have had similar conversations with my father (now 82), over the last 10-15 years, using various strategies, intermediaries, and plans, to no avail. This is what I have learned: 1. He has done reasonably well investing in large cap growth oriented stocks since the 1970's... HAS he "done reas...
by freebeer
Mon Jun 30, 2014 12:43 am
 
Forum: Investing - Help with Personal Investments
Topic: How to get father on board with index funds
Replies: 34
Views: 2032

Re: How to get father on board with index funds

I have had similar conversations with my father (now 82), over the last 10-15 years, using various strategies, intermediaries, and plans, to no avail. This is what I have learned: 1. He has done reasonably well investing in large cap growth oriented stocks since the 1970's... HAS he "done reas...
by freebeer
Sun Jun 29, 2014 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to get father on board with index funds
Replies: 34
Views: 2032

Re: Should I buy a Kindle Fire?

If you want a Kindle Fire it's not a terrible tablet but don't get it just for free books.... the free Prime books are truly thin selection. Major publishers are naturally reluctant to give Amazon the rights to do this as their revenue drops substantially vs. a normal sale. So it's mostly self-publi...
by freebeer
Sat Jun 28, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Should I buy a Kindle Fire?
Replies: 20
Views: 1107

Re: Please help us decide where to live

One consideration if you plan travel is access to airport with international flights. Washington state scores well in this regard and has other plusses... and if you look beyond Seattle itself and the inner ring suburbs things get pretty affordable. If you want sunnier you can either go east (for ex...
by freebeer
Thu Jun 26, 2014 8:55 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7733

Re: leaving big company to join small one

Is the small company "closely held" or venture-backed? If the latter it is typical for there to be option grants to all new employees AND typical that at least senior employees get accelerated vesting (potentially immediate, aka "cliff" vesting) on acquisition. That being said ac...
by freebeer
Wed Jun 25, 2014 10:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: leaving big company to join small one
Replies: 22
Views: 1873

Re: How much $$ to change jobs?

I have never changed companies for less than 25%. There is just too much hassle in it all to do it for less. I wouldn't even consider it, honestly. As for those of you Americans trying to give cultural advice - don't. Just don't. +1 to both points. To the former, I think that generally speaking it'...
by freebeer
Thu Jun 19, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4115

Re: Retiring to a state with expanded Medicaid?

If you have to go on medicaid, you haven't saved enough money to retire yet. My opinion. ... Mike I'm curious how you could form that opinion when he didn't tell you how much he had saved. WV has no asset test for eligibility. Right, not to mention there's tens of millions of retired people on Medi...
by freebeer
Tue Jun 17, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring to a state with expanded Medicaid?
Replies: 16
Views: 1089

Re: Balancing Dual Investment Goals: Retirement and New Busi

Hi, I've started a business but in tech sector. I would imagine a brewery is like a restaurant somewhat a "lifestyle" business, vs. something like a dry cleaners or tire store that is predictably profitable (but not glamorous). One would expect more risk / less average ROI with such "...
by freebeer
Sun Jun 15, 2014 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Balancing Dual Investment Goals: Retirement and New Business
Replies: 2
Views: 207

Re: Is a 2% withdrawal rate bulletproof ?

As I always do, I'll point out that most people who can live off a 2% rate have much of their portfolio in taxable accounts and are high net worth individuals... ' This thing you always point out, is there any data to support it? Or, despite your definitive wording, is this just your guess? Because...
by freebeer
Fri Jun 13, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a 2% withdrawal rate bulletproof ?
Replies: 48
Views: 3938

Re: Is a 2% withdrawal rate bulletproof ?

As I always do, I'll point out that most people who can live off a 2% rate have much of their portfolio in taxable accounts and are high net worth individuals... ' This thing you always point out, is there any data to support it? Or, despite your definitive wording, is this just your guess? Because...
by freebeer
Fri Jun 13, 2014 12:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Is a 2% withdrawal rate bulletproof ?
Replies: 48
Views: 3938

Re: Variable Percentage Withdrawal (VPW)

* You can't create a plan based on the number of years until you die. You don't know this with any certainty. Sure you Can ! You don't have to be completely Certain about this. If you pick age 100 you'll do Fine... And if you use VPW..... You'll never run out of money! These points are certainly tr...
by freebeer
Thu Jun 12, 2014 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 454
Views: 48139

Re: "Never take an investment risk that doesn't pay a premiu

Sounds like a bunch of historical bias to me. Some stuff went up over the last 30 years so we invent a story and call it an earned premium. Some stuff was flat and we discard it as too risky. One thing is for certain - the future will be different than the past. More than that. You have to explain ...
by freebeer
Wed Jun 11, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: "Never take an investment risk that doesn't pay a premium"
Replies: 14
Views: 1028

Re: Who to select as a fiduciary?

VERY embarrassed for this last minute post. My wife & I are flying tomorrow for an 11 day vacation, and in reviewing my written financial instructions to our 30 year old son, discovered that they are 4 years old! My insurance guy, a close friend whom I trusted explicitly, is no longer available...
by freebeer
Tue Jun 10, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who to select as a fiduciary?
Replies: 4
Views: 347

Re: Working for startup for Options

... Should the Threshold Financing not occur within 365 days from the effective date of this agreement... One more detail - these days many seed financings themselves are structured as convertible notes not direct sale of stock, with the conversion to a discount of a subsequent Series A. This avoid...
by freebeer
Tue Jun 10, 2014 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Working for startup for Options
Replies: 4
Views: 518

Re: Working for startup for Options

For very part-time work (20% time) in a very early stage startup it's going to be hard, you have no idea on what basis equity will be allocated in a future round yet you are not making the type of commitment that would warrant true founder's stock plus your share would be so small as to be able to o...
by freebeer
Mon Jun 09, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Working for startup for Options
Replies: 4
Views: 518

Re: The 2 comma paradox

... I decided to get serious about looking for a less speculative method for investing and landed here. This approach should keep me from using anymore "gut instinct" or "magical thinking" and I'm documenting it with my husband and in writing so if I can't manage the portfolio o...
by freebeer
Mon Jun 09, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14172
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