Search found 136 matches

by GAAP
Sun Jan 07, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 7726

Re: "Can I Really Retire at 40?" What to Tell Clients

I think that expecting a real withdrawal rate to work under all conditions is extremely optimistic -- run some numbers with 1970-1979 inflation rates (average 7.25%) continuing for more than a decade. There were worse periods in US history -- 1913-1919 @ 9.8%, for example. I prefer to use a nominal ...
by GAAP
Sun Jan 07, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: How to browse specifically for homes with "mother-in-law suite"?
Replies: 29
Views: 1820

Re: How to browse specifically for homes with "mother-in-law suite"?

"Additional Dwelling Unit", or "ADU" are important search terms for you. "MIL" will also show up. Where we just bought, there is also a difference between a "permitted ADU" and just plain "ADU". A permitted ADU is one that the local jurisdiction knows about and will allow you to rent (including AirB...
by GAAP
Sat Jan 06, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 981

Re: Accounting question - "Cash Equivalents" for organization

Yes .. Lots of rules, regulations, etc. do not "make sense", but we normally just need to follow them. I have found, though, over the years in different areas, that some things that "do not make sense" have (or had) some logical basis. Some of the anti-discrimination laws, regulations and interpret...
by GAAP
Fri Jan 05, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 981

Re: Accounting question - "Cash Equivalents" for organization

saltycaper wrote:
Fri Jan 05, 2018 3:20 pm
Pacman wrote:
Fri Jan 05, 2018 3:11 pm

The more important question is: if companies consider their employees to be their biggest assets, why are they expensed on the income statement?
Heh. Guess "asset" is just a colloquialism in that sense, used for corporate puffery.
A heavily-depreciated asset...
by GAAP
Fri Jan 05, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 981

Re: Accounting question - "Cash Equivalents" for organization

dm200 wrote:
Fri Jan 05, 2018 2:35 pm
Yes - this is exactly the "standard". What makes no sense to me is separating the original maturity at purchase from longer terms with under 3 months to maturity?
The longer the CD maturity, usually the larger the penalty for early withdrawal, and therefore the less it is equivalent to cash.
by GAAP
Fri Jan 05, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Settling probate and Living Trust
Replies: 5
Views: 279

Re: Settling probate and Living Trust

OP has no Real Estate. OP essentially has only Bank Accounts titled to the Trust, and annuities with the trust as benficiary. The biggest remaining items are misc. personal property like an automobile, baseball card collection, etc. From the OP's description, the trust is already funded, and his pou...
by GAAP
Fri Jan 05, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, retirement draws,hedging out of pocket PPO Insurance costs
Replies: 8
Views: 922

Re: Retirement, retirement draws,hedging out of pocket PPO Insurance costs

Maybe I'm misunderstanding your numbers, but I think you'll be fine when using your worst-case medical costs. REALLY Rough quick numbers: Income $ 101K Expenses Taxes $ 9K Non-Medical $ 48K College $ 30K Bad Medical $ 15K ----------- $ 102K Is the 15K out-of-pocket per person, or per family?
by GAAP
Fri Jan 05, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Settling probate and Living Trust
Replies: 5
Views: 279

Re: Settling probate and Living Trust

California experience, not Wisconsin: Listed Personal Property -- make sure you have some form of "anything not listed is included" clause, otherwise unlisted stuff is subject to probate. IRAs -- probably don't want the beneficiary to be the trust, and there's not really any benefit to doing so. Sam...
by GAAP
Fri Jan 05, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting question - "Cash Equivalents" for organization
Replies: 30
Views: 981

Re: Accounting question - "Cash Equivalents" for organization

At some point (remaining term length), CDs transition between cash-equivalent and short-term investment. Three months sounds reasonable to me, and brings forth vague matching memories from Accounting classes several decades ago.
by GAAP
Tue Jan 02, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Oregon and N California trip, need advice
Replies: 20
Views: 1559

Re: Oregon and N California trip, need advice

"Boring" is relative -- but 97 south of Bend probably qualifies. Oregon publishes a Scenic Byway guide online that should give you a better idea for possible routes: http://www.journalgraphicsdigitalpublications.com/epubs/MEDIAMERICA/ScenicByWaysGuide2016/viewer/desktop/ One of my favorites is OR-12...
by GAAP
Tue Jan 02, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: State unfunded liabilities and buying retirement home
Replies: 13
Views: 974

Re: State unfunded liabilities and buying retirement home

California is also notably active in income tax generation -- they may very well consider you to be a resident subject to income taxes if you own property here.

You didn't say what part of California you're interested in, but you might want to consider hopping the border to Nevada...
by GAAP
Tue Jan 02, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Oregon and N California trip, need advice
Replies: 20
Views: 1559

Re: Oregon and N California trip, need advice

Might consider flying into Medford (MFR) also -- small airport, but closer to where you want to be, and a lot less traffic than Portland. Plan on a wide range of temperatures. On one ride up CA-199 from the coast, we saw a 50-degree temperature change in the same morning... You're thinking of going ...
by GAAP
Mon Jan 01, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 2687

Re: Who should we appoint as executor?

In the best of cases, co-executor increases complexity a lot. My brother and I are/were co-executors and co-successor trustees for my mother. Since I lived 40 miles from her house, I handled a lot more than my brother who lived 800 miles away. Luckily, we had no issues between us -- but every major ...
by GAAP
Mon Jan 01, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2300

Re: Want adequate filter to discharge clothes drier indoors

I used one in Chicago. I wanted to add humanity during the heating season and we never used the air conditioner as we rarely needed it. Surely there are easier ways to add humanity to Chicago? :D But, you do have a valid point that humidity is a local climatic phenomenon -- quite a bit different be...
by GAAP
Mon Jan 01, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, retirement draws,hedging out of pocket PPO Insurance costs
Replies: 8
Views: 922

Re: Retirement, retirement draws,hedging out of pocket PPO Insurance costs

With that view, you still have a decreasing risk as time passes -- 150K now, 135K next year, etc. I think you would want to include that fact in your analysis. For my planning, I just assume those costs as part of the early-retirement needs. To me, it's not really any different than other parts of t...
by GAAP
Mon Jan 01, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2300

Re: Want adequate filter to discharge clothes drier indoors

In some countries, vented dryers are illegal -- since 2012 in Switzerland. Heat pump dryers are far more efficient, and gentler on clothing -- they just take longer, usually. They also have the advantage of more flexible placement since they only need water and power, using the same drain the washer...
by GAAP
Mon Jan 01, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1555

Re: How to take advantage of lowered property value?

A 200-foot monstrosity to you could be excellent cell coverage to someone else... I'm signing papers tomorrow for a new property. I did a lot of research, but I certainly didn't expect to see a disclosure about neighboring properties unless there were hazmat or similar issues. My neighbors could pai...
by GAAP
Mon Jan 01, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2020

Re: Roth Conversion - Break Even Calculation - How do you do it?

Generally speaking, I don't "calculate" anything dependent on taxes that requires me to guess what will happen in 2+ years -- certainly, the last few months can show why... If you live somewhere with a state estate tax, particularly one not tied to federal levels, Roth conversions have potentially m...
by GAAP
Sat Dec 30, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Retirement, retirement draws,hedging out of pocket PPO Insurance costs
Replies: 8
Views: 922

Re: Retirement, retirement draws,hedging out of pocket PPO Insurance costs

At some point there is a value to insuring vs. accrual of cash - I'm just not sure what that is, what the rates might be and how to go about comparing. I have a little bit of time - this coming year anyway. I haven't seen such a plan -- but I haven't really been looking either. As a first rough gue...
by GAAP
Fri Dec 29, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, retirement draws,hedging out of pocket PPO Insurance costs
Replies: 8
Views: 922

Re: Retirement, retirement draws,hedging out of pocket PPO Insurance costs

I've been thinking about funding a medical contingency account up-front, withdrawing from it to pay expenses, and periodically adding to it to maintain the funding level -- sort of a dedicated emergency fund. Initial funding would be equal to total out-of-pocket. If the big medical stuff turns into ...
by GAAP
Fri Dec 29, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out retirement accounts
Replies: 55
Views: 4041

Re: Maxing out retirement accounts

From the beginning -- but I was single and moving up from a job that paid a third as much.

Do as much as you can now, increase every year by more than the rate your income increases -- you'll find a way to make it work.
by GAAP
Fri Dec 29, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10576

Re: Suddenly my mortgage doesn't seem that great

I'm buying a house right now. I did not even look at the potential tax savings -- they're horribly overrated even with the current tax law -- and most people overestimate the actual value of that savings anyway. Only the portion of your mortgage interest that is not required to exceed the standard d...
by GAAP
Fri Dec 29, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5227

Re: Is it me or does everything seem expensive?

I remember my mom refusing to pay $20 for a pair of jeans, since it was "way too much"...

It's hard to keep your perspective current with inflation.
by GAAP
Fri Dec 29, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2450

Re: General question on college savings

I never really liked the 529 concept, finding them way too limiting. In 18 years, are you certain that your child will be going to college? With both of my kids, it was touch-and-go for quite a while -- and my son ended up going to college on the GI bill, not needing any college savings... I know th...
by GAAP
Thu Dec 21, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Figuring Stock % of portfolio. Include Foreign?
Replies: 8
Views: 867

Re: Figuring Stock % of portfolio. Include Foreign?

It helps to think of these classifications as a hierarchy where things are broken down into finer and finer separations. The highest level is stocks vs bonds. Within stocks you can separate by size and value or by domestic and international. Probably people pick domestic vs international first and ...
by GAAP
Thu Dec 21, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 39
Views: 3593

Re: Where do you read financial news?

Whenever I (randomly) happen to look at Google News and something interesting shows up.

Generally, that's pretty rare...
by GAAP
Thu Dec 21, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Withdrawing cash from online bank without a local bank account
Replies: 18
Views: 1678

Re: Getting large amounts of cash with no local bank

mptfan wrote:
Wed Dec 20, 2017 12:25 pm
duckcalldan wrote:
Wed Dec 20, 2017 11:58 am
You should probably consider getting a second bank account for occasions like this.
Why? I provided solutions for occasions like this without needing a second bank.
For when you need easy access to services such as Notary Public, and especially Medallion Signature Guarantee.
by GAAP
Sat Dec 09, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?
Replies: 26
Views: 2107

Re: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?

Again, thanks to everyone for the varying insights and analysis. Very helpful. I guess I should expand the question to: How do people with a substantial non-inflation-adjusted (and totally fixed for life) income stream deal with this in their financial planning? I realize that planning tools like F...
by GAAP
Sat Dec 09, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Malkiel saying a world index maybe underweight countries like China?
Replies: 20
Views: 1211

Re: Thoughts on Malkiel saying a world index maybe underweight countries like China?

If we want our investments to mirror the market portfolio and have the textbook characteristics of the market portfolio, then the world index weights "countries like China" appropriately. If we think that a world index underweights countries like China, then our standard for overweighingt and under...
by GAAP
Wed Dec 06, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Migrating inherited portfolio to Index funds
Replies: 9
Views: 962

Re: Migrating inherited portfolio to Index funds

That's basically what I had to do. When possible, I matched losses to gains for an approximate net-zero in one year (taking the small gains also). The following year it was just get out and accept the tax hit. The IRA can be a pain, depending on where it is held, and what your intentions are for dis...
by GAAP
Wed Dec 06, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Concerns about investing abroad
Replies: 27
Views: 2344

Re: Concerns about investing abroad

Can the US government seize your money? Certainly, as can any other government for any valid or invalid reason -- historical examples abound. The better question would whether or not it's likely that the US government would seize your money -- and I really doubt that. France is a US ally, and seizin...
by GAAP
Wed Dec 06, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1210

Re: Housing Heuristics - Rising Income

Something else to consider: the current corporate environment encourages job hopping every few years and income is frequently directly affected by willingness to relocate -- either with the current or a different employer. In that environment, house ownership is a disadvantage -- it's hard to break ...
by GAAP
Wed Dec 06, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5988

Re: Mortgage as percentage of take-home pay

My personal limit is more around total housing costs, not just the mortgage. Depending on where you live -- or in California, how long you've been there -- property taxes may or may not be a significant part of your budget. Home repair costs are also highly variable, depending on house age, location...
by GAAP
Sat Dec 02, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5390

Re: How do I convince my employees to invest more?

Wharton University just published something on the topic: http://knowledge.wharton.upenn.edu/article/default-option-firms-can-help-employees-make-better-retirement-choices/ Many employers automatically enroll workers in 401(k) plans and set a default savings level, which puts the onus on employees t...
by GAAP
Wed Nov 29, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement: how to forecast where you’re at?
Replies: 43
Views: 5063

Re: Retirement: how to forecast where you’re at?

I built my own spreadsheet for this. ie- if you have $X in portfolio assets today and plan on retiring in say 27 years, assuming a “conservative” 8%/year return, how much will your current portfolio be worth in that time? I suggest you decide whether you want a "conservative" return or an 8% return ...
by GAAP
Wed Nov 29, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Number Asked for use of POA by Credit Card Company
Replies: 14
Views: 1298

Re: Social Security Number Asked for use of POA by Credit Card Company

Some states have privacy laws that could make it illegal -- might be worth checking.
by GAAP
Wed Nov 29, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: closet organizing system
Replies: 40
Views: 6194

Re: closet organizing system

We designed a custom setup using stuff from Organized Living -- better than Ikea or those wire shelves, not as good as true custom organizer.
by GAAP
Wed Nov 29, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Solid Surface Shower Walls and Pan
Replies: 11
Views: 1863

Re: Solid Surface Shower Walls and Pan

Just did our Master bath with "The Onyx Collection" -- deliverable to any Lowes, but only displayed at some. Good products for showers, tub surrounds, vanities. They can work with new installations, custom stuff, and have specific ways to order for remodel.
by GAAP
Wed Nov 29, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 4207

Re: Luggage Update for Travel

If there's any chance you'll end up on the smaller planes or on budget European carriers, you'll have to check (or gate-check) a roller bag. You lose a lot of useful space (~25%) and gain excess weight with a roller bag. Once you get used to traveling light, a soft bag is plenty -- I've done 3 week ...
by GAAP
Wed Nov 29, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: quiet natural gas generators
Replies: 38
Views: 2281

Re: quiet natural gas generators

Might want to look at generators that are designed for the "off-the-grid" market -- they tend to be a little quieter, since that market expects regular (nightly) usage.
by GAAP
Fri Oct 13, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: cash and landlines in disasters
Replies: 21
Views: 2566

Re: cash and landlines in disasters

In the case of a lot of the fire area in Northern California, landlines weren't working either. The city of Eureka lost it's internal phone system due to destroyed connectivity elsewhere. Wireless systems depend on the same connectivity that landlines depend on -- unless you want to pop for a satell...
by GAAP
Fri Oct 13, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Can someone help me find a mattress topper?
Replies: 5
Views: 553

Re: Can someone help me find a mattress topper?

I bought one on Amazon -- they had a large selection at the time.
by GAAP
Thu Oct 12, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: For those who prefer mortgages over cash: At what rate would that switch?
Replies: 8
Views: 1629

Re: For those who prefer mortgages over cash: At what rate would that switch?

My semi-random thoughts: I would ignore direct tax benefits (interest deduction) unless I had sufficient other itemized deductions that exceeded the standard deduction -- the actual tax benefits from a mortgage aren't that significant. In fact, many who qualify for the deduction don't bother to take...
by GAAP
Thu Oct 12, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Berkey filter systems - care of the Berkey black filter
Replies: 4
Views: 440

Re: Berkey filter systems - care of the Berkey black filter

You should never freeze a carbon filter element -- water expands when freezing and will destroy the ability of the filter to work as intended. Even with mold on the surface, the filter itself should still work. Biofilms are a potential problem, but they will mainly just slow down the filter. A stron...
by GAAP
Thu Aug 17, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 2160

Re: what % of international stock

Whatever the relative proportion of international is in the total world market -- I only hold VT (Vanguard Total World Stock ETF).

That's technically not exactly accurate, since I do have a small, roughly-equal allocation to VNQ and VNQUI (Vanguard REIT ETF and Vanguard Global Ex-US Real Estate ETF).
by GAAP
Thu Aug 17, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund in Taxable... ok for me?
Replies: 27
Views: 2173

Re: Bond Fund in Taxable... ok for me?

I wonder if some of the confusion surrounding the bonds in taxable vs. elsewhere stems from some people trying to minimize their tax burden while others are seeking to maximize total after-tax wealth. The two are not completely equivalent. I think you're right. In most posts that I've seen on the t...
by GAAP
Wed Aug 02, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Any problem leaving a hole in ceiling of garage?
Replies: 27
Views: 2318

Re: Any problem leaving a hole in ceiling of garage?

You may not have any current problems -- and you'll be just fine as long as there are no pests, no vehicles in the garage, nothing else that burns fuel (portable heater, water heater, furnace), don't have a fire, and don't do anything that would bring a building inspector in the garage, don't have a...
by GAAP
Fri Jul 28, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Replace floor BEFORE or AFTER New Cabinets?
Replies: 30
Views: 3836

Re: Replace floor BEFORE or AFTER New Cabinets?

We just completed ours a couple of months ago. Tile after, but also placed under the dishwasher. Didn't change the cabinets, but would still do it the same way -- you'll be replacing the countertop anyway, just make sure the dishwasher isn't too tall. We also add moisture barrier (RedGard) all aroun...
by GAAP
Fri Jul 28, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: Use Guest wifi for thermostat, Roku, etc.
Replies: 28
Views: 3273

Re: Use Guest wifi for thermostat, Roku, etc.

I separate streaming traffic (Roku), guest traffic (people/devices who don't live here), and internal traffic. I don't have IOT type devices, but would separate them also. Anything security related, such as an alarm system, would also be by itself. Keep in mind that my viewpoint comes from a few dec...