Search found 590 matches

by SQRT
Thu Feb 15, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Salary requirements
Replies: 6
Views: 1247

Re: Retirement Salary requirements

I am likely an outlier. I just saved as much as I reasonably could then set my spending in retirement to match my nestegg. This was possible because the nestegg was quite large and supported a spend that was about 30-50% larger than what we spent while working. Certainly not the usual approach.
by SQRT
Wed Feb 14, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16629

Re: Number at which to stop worrying

This is different from other threads which talk about the number for early retirement. I want to continue working for the foreseeable future, but keep thinking at what level of NW could I relax a bit and not worry too much. Family of four in a MCOL area and single earner. Kids yet to go to college....
by SQRT
Mon Feb 12, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16629

Re: Number at which to stop worrying

Worriers never stop worrying.
by SQRT
Sun Feb 11, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 242
Views: 15376

Re: free dinner investing seminar

Who would be that desperate for a dinner? People who cannot afford to buy whatever the dinner sponsor is selling. That would be a lot of people I think. In their case a free meal might be worth a lot? I guess the trick is to get invited despite not having any money. If you got good at this it might...
by SQRT
Sun Feb 11, 2018 2:56 am
Forum: Personal Finance (Not Investing)
Topic: What did you do: Life Annuity or Survivorship?
Replies: 14
Views: 948

Re: What did you do: Life Annuity or Survivorship?

I elected full survivorship. More of a “relationship” decision than a financial one. Reduced my pension by about 9% to go from 66.7% to 100% survivorship. My spouse is 7 years younger than I and we are both in excellent health and healthcare not an issue as we are Canadians. She’s likely to live abo...
by SQRT
Sun Feb 11, 2018 2:51 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 242
Views: 15376

Re: free dinner investing seminar

pkcrafter wrote:
Wed Feb 07, 2018 9:53 pm
Iliketoridemybike wrote:
Wed Feb 07, 2018 9:23 pm
There’s no free dinner.
Right! I just could not tell him what to expect.

Paul
Exactly. If you don’t know what to expect, expect the worst. These things are a total waste of time at the best, and a total waste of money at the worst. Who would be that desperate for a dinner?
by SQRT
Sat Feb 03, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 76
Views: 5574

Re: What's your cash position

Keep cash only for operating needs, eg lumpy expenses. Divs are also lumpy so need a fair bit of cash on hand, mid 6 figures. Dont consider it part of investment portfolio.
by SQRT
Wed Jan 31, 2018 3:06 am
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6666

Re: How to think about your house from a financial perspective

We have several personal use homes. I don’t view them as investments but rather a lifestyle choice, ie I get to use these places whenever I want. No mortgages. I don’t count on any appreciation but to be honest I don’t expect any depreciation either. Really depends on your intent, as others have sta...
by SQRT
Tue Jan 30, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1577

Re: Opportunity to buy company stock at a discount

While I can't reveal details about this company, I can safely say that I don't know of any stock that is stable over the long term. Stocks go up, stocks go down. There may be period of stability but if you look at 10 year charts no stock is stable over the long term. I guess you need to define “sta...
by SQRT
Mon Jan 29, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 6833

Re: Who taught you about financial responsibility?

Nobody. Figured it out myself. Seems pretty self evident to me. The real problem is just doing it, not figuring it out.
by SQRT
Sat Jan 27, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7930

Re: How do you decide how wealthy you really are?

It’s all relative. So pick the methodology that makes you feel the best.
by SQRT
Mon Jan 22, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Value of Defined Benefit Plan
Replies: 22
Views: 2445

Re: How to Calculate Value of Defined Benefit Plan

Are you taking this into account for determining your Asset Allocation? Sort of, although most likely not in the way of most Bogleheads. I'm conservative, so excluding the pension, I spent the last couple of years getting all other non-cash investments moved into low cost index funds, split between...
by SQRT
Mon Jan 22, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 219
Views: 27062

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I don’t use any investment advisors or tax accountants, never have. It does help to be a CPA and CFA holder. 8 figure portfolio.
by SQRT
Mon Jan 22, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Value of Defined Benefit Plan
Replies: 22
Views: 2445

Re: How to Calculate Value of Defined Benefit Plan

The final numbers last month before I retired were annual pension of $93,629 with 50% survivor benefit, inflation-adjusted I've used some of the tips in this thread and believe my pension is "worth" somewhere in the $2 million range, give or take. Sounds about right to me. Are you taking this into ...
by SQRT
Sun Jan 21, 2018 2:44 am
Forum: Personal Finance (Not Investing)
Topic: What's your annual cost of living (expenses)?
Replies: 40
Views: 3291

Re: What's your annual cost of living (expenses)?

Doesn’t it depend to a large legacy extent on your income? Especially once retired and savings no longer required.
by SQRT
Sun Jan 21, 2018 2:42 am
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Value of Defined Benefit Plan
Replies: 22
Views: 2445

Re: How to Calculate Value of Defined Benefit Plan

Pretty easy to incorporate your pension into your retirement spending plan as others have described. The more significant and controversial question is how you incorporate it into your asset allocation (AA). In my opinion it should count as a Fixed Income proxy as a pension displays similar characte...
by SQRT
Sat Jan 20, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Careers
Replies: 10
Views: 1387

Re: CPA Careers

Just to clarify, the CPA is a credential that requires 150 credit hrs, passing a 4 part exam, and year of experience under a credential holder performing accounting/auditing/tax related tasks. I'll go through traditional paths that make the most sense for accountants without regard for industry (wh...
by SQRT
Mon Jan 15, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 3855

Re: why emergency savings?

In my opinion, advice on emergency funds is mostly for young people who start out saving and investing. They don't have a stable positive net cash flow (due to debt, car loan, mortgage, etc.) In the events that they lose their jobs or in an economic downturn, they would need to take out their retir...
by SQRT
Thu Dec 28, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11250

Re: Another should i buy my dream porsche thread...

I always pay cash for my toys. Makes you think hard about whether you really want it.
by SQRT
Sat Dec 09, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17321

Re: Save all this money, what do you splurge on?

runner3081 wrote:
Sat Dec 09, 2017 12:16 am

We are happy with what we have.
So am I.
by SQRT
Sat Dec 09, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17321

Re: Save all this money, what do you splurge on?

Luxury cars, multiple homes, expensive clothes, jewelry, watches, luxury travel, generous giving to others, multiple clubs, trainers, home gyms. I think that’s it. Everybody defines “splurging”differently and will have their own personal spending “tastes”. For instance we don’t like live theatre, la...
by SQRT
Thu Dec 07, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 92
Views: 5876

Re: Do you subscribe to digital newspapers?

We travel a lot so getting my newspaper delivered to my IPAD every morning, wherever we are, is very convenient. Looks exactly like the printed version. Quite a bit cheaper than the paper version would be too. I ask my 88 year old mother in law to save her papers for me. Excellent for starting the f...
by SQRT
Thu Dec 07, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7793

Re: At what age your investments start making more money than you?

Given excellent recent market returns, it is quite likely that someone who puts away 10% of his income every year will have a better “market” year than “earning” year after about 10-15 years. Not surprising.

Of course once retired it’s the norm.
by SQRT
Thu Dec 07, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 6989

Re: CPA: The best profession if you want to make the most money + keep the most money?

Giving the OP the benefit of the doubt. Getting a CPA (and the university education that allowed it) was an excellent way for me to move from a manual labour warehouse job to a profession. In turn this allowed me to become a C-suite exec at a very large company. I’m sure there are other ways to achi...
by SQRT
Tue Nov 28, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19196

Re: The fallacy of spending money on "experiences" vs hard assets

When the experiencers just move goal posts to fit their narrative over and over, is it really even arguing? :happy Not sure how I got drawn into this morass of a “discussion” (certainly my fault) but my “narrative” is pretty simple, ie it doesn’t matter and the distinction between things and experi...
by SQRT
Tue Nov 28, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19196

Re: The fallacy of spending money on "experiences" vs hard assets

IMO the fallacy is creating a false dichotomy between experiences and things. For example, a luxury car seems like both a hard asset as well as something to experience. (And I'm someone who generally prefers spending money on so-called "experiences" like travel.) Agree. They are not mutually exclus...
by SQRT
Tue Nov 28, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19196

Re: The fallacy of spending money on "experiences" vs hard assets

IMO the fallacy is creating a false dichotomy between experiences and things. For example, a luxury car seems like both a hard asset as well as something to experience. (And I'm someone who generally prefers spending money on so-called "experiences" like travel.) Agree. They are not mutually exclus...
by SQRT
Thu Nov 23, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20812

Re: Why NOT make more money?

@Flyingaway: Yes. I understand, but being Canadian healthcare not much of an issue for me.
by SQRT
Thu Nov 23, 2017 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20812

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by SQRT
Sun Nov 19, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 46
Views: 4727

Re: Liquidating RSUs

The previous post quoted me. I didn’t say that.
by SQRT
Fri Nov 17, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20812

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by SQRT
Fri Nov 17, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20812

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by SQRT
Fri Nov 17, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20812

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to re...
by SQRT
Mon Nov 06, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2418

Re: Budgeting with significant other

We keep our money separate, also happily married for almost 25 years. I pay all common bills and all big items. Her portfolio, pension, dividends, all separate. She uses her income to buy her personal things. Works great. I think not having to discuss or approve small personal items such as clothes...
by SQRT
Mon Nov 06, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13858

Re: Why make more money?

Lets just assume that you are healthy and financially OK. You have have 30x expenses in investments plus whatever socials security will eventually give you in some distant future. You have no debt and the kids college is covered. You don't live extravagantly, but you have enough to travel, eat out,...
by SQRT
Sun Nov 05, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2418

Re: Budgeting with significant other

Based on a really bad experience of a friend, I have one caution about the OP's system. My friend and her husband shared joint expenses but otherwise kept their finances separate. It turned out that he had opened several credit cards in his name only, and was not paying them off each month. The sta...
by SQRT
Sun Nov 05, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2418

Re: Budgeting with significant other

We keep our money separate, also happily married for almost 25 years. I pay all common bills and all big items. Her portfolio, pension, dividends, all separate. She uses her income to buy her personal things. Works great. I think not having to discuss or approve small personal items such as clothes,...
by SQRT
Sun Nov 05, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 8270

Re: Does Retirement Make You Lazier?

"Lazy" is a pejorative term usually pointed at other people thought to not be pulling their weight for the money they are being paid. The context is one of working. Retirement is a different context. In retirement one can approach daily life in the manner one chooses. So if you are more comfortable...
by SQRT
Fri Nov 03, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 98
Views: 10341

Re: Should I decline Grand Prize trip because of taxes on winnings?

It’s a personal decision obviously. Is it worth $4,000 to you? If so take it. If not don’t. Asking us if we would take it really doesn’t help you much.
by SQRT
Thu Nov 02, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 8270

Re: Does Retirement Make You Lazier?

I guess we need to agree on what the word “lazy” means. But I doubt that it would apply to most retirees. Having control over your time and doing only what you want to do, is the number one benefit of retirement, in my view. Especially having more time for fitness and other activities. I guess if yo...
by SQRT
Thu Nov 02, 2017 4:42 am
Forum: Investing - Help with Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 4656

Re: what % return do you use?

As others have said I don't use a single point estimate for return - I believe it is foolish to do so. Instead I test my sensitivity to a wide range of returns and volatility (volatility may be more important, particularly for withdrawal stage) and ensure I have the flexibility and adaptability to ...
by SQRT
Fri Oct 27, 2017 3:54 am
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2256

Re: Do you include the capitalized value of Social Security in your asset allocation?

Yes. Absolutely. I also have a secure defined benefit and capitalize that as well. peace Sure you can capitalize it, but unless you know your actual life span, you are just guessing at the capitalized value. SS, like a pension or life annuity provides an income stream while you live . It is okay to...
by SQRT
Fri Oct 27, 2017 3:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2256

Re: Do you include the capitalized value of Social Security in your asset allocation?

For those who capitalize SS et al and add it into your AA bonds, how does that AA compare with a conventionally counted one with just your real equities/bond type assets included? Plus which AA do you report you have in discussions here? JW My capitalized very large private pension would represent ...
by SQRT
Thu Oct 26, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2256

Re: Do you include the capitalized value of Social Security in your asset allocation?

For those who capitalize SS et al and add it into your AA bonds, how does that AA compare with a conventionally counted one with just your real equities/bond type assets included? Plus which AA do you report you have in discussions here? JW My capitalized very large private pension would represent ...
by SQRT
Wed Oct 18, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 11014

Re: how long did it take to get used to retirement

I retired 11 years ago at 56 from a senior exec position. Up to that point I was fully invested in my career and my identity was closely connected to my position. Retired cold turkey and I think it took about three years to fully get used to “the new me”. Boredom was not the issue, rather it was ide...
by SQRT
Tue Oct 17, 2017 4:35 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 18731

Re: Dividends vs. Capital Gains for Spending Needs?

The situation is a little different in Canada. Most of the best companies pay dividends so its difficult to avoid them. Also since the Canadian income tax system integrates corporate and personal taxes (through a gross up and credit system for dividends) people with incomes under about $60k per year...
by SQRT
Tue Oct 17, 2017 4:23 am
Forum: Investing - Theory, News & General
Topic: How to learn about financial statement analysis?
Replies: 31
Views: 3304

Re: How to learn about financial statement analysis?

I am becoming interested in financial statements - it's actually quite fun when you begin to see how things fit together within a statement or across different statements. I remember when I was at university people thought that accountancy is really boring, but it doesn't seem to be that way to me ...
by SQRT
Mon Oct 16, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 14893

Re: Annuities-when and why?

Annuities are an excellent retirement product for the obvious reasons already stated. Too bad they are often poorly priced, have high fees, and sold through dubious chanals. I will be buying a fairly large annuity in the next few months to replace my alimony payments to Xspouse. Selling stock to fun...
by SQRT
Sat Oct 14, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 176
Views: 18601

Re: What's your asset allocation and why?

Age 48 96% net equities (decreasing by 2% per year, started from 100% two years ago) 43% US stock (1/8 LG, 3/8 LV, 1/8 SG, 1/8 SV) 43% foreign stock (3/8 developed large, 1/4 developed small, 1/4 emerging large, 1/8 emerging small; would be equal if expenses were equal) 10% REITs (1/2 US, 1/2 forei...
by SQRT
Thu Oct 05, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4795

Re: How much worth house should one buy?

Depends heavily on the location. California vs Alabama? And your stage of life ie just starting out (will be a very high percentage) vs retired (probably a much lower percentage). The FIRE chat room did a survey and found many retirees are in the 15-20% of net worth range. Two ways of looking at it ...