Search found 561 matches

by SQRT
Sun Nov 19, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 46
Views: 4457

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: 190
Views: 15428

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: 190
Views: 15428

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: 190
Views: 15428

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: 2159

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: 12870

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: 2159

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: 2159

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: 7582

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: 93
Views: 8291

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: 7582

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: 4133

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: 1996

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: 1996

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: 1996

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: 10121

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: 200
Views: 15410

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: 2981

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: 13555

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: 160
Views: 14398

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: 4350

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 ...
by SQRT
Wed Oct 04, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18669

Re: What age did you become debt free and what opportunities did it create?

Paid off mortgage and margin loans shortly after retiring. Used debt extensively while working and this leverage helped increase my net worth. On retiring though, I wanted less risk so totally deleveraged. This was 11 years ago. Dont want or need any debt at this point.
by SQRT
Fri Sep 22, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Bank Employees - comfort level of getting a loan through employer?
Replies: 9
Views: 734

Re: Bank Employees - comfort level of getting a loan through employer?

As a bank employee, I always took full advantage of staff loan benefits. If you borrow from somewhere else you may have to tell your employer which could raise issues?
by SQRT
Sun Sep 03, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Driving a car [in] Italy, any suggestion?
Replies: 47
Views: 3372

Re: Driving a car [in] Italy, any suggestion?

Some good advice already posted. We bought and picked up a new car in Munich a while back and drove it through Austria and Northern Italy for a couple weeks. Had a blast. Didn't need an international license. When we brought it back to Munich to ship it home, the guy asked where we drove? When we sa...
by SQRT
Wed Aug 30, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 22546

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

I pulled up at a restaurant to have lunch with some old colleagues for dinner from an old company I used to work for. One of them saw me getting out of my Toyota and said "gee - with your title of xxxx over at company-yyyy I thought you'd be driving a Mercedes or something." I just said "I'm going ...
by SQRT
Tue Aug 29, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 22546

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

For me the things that have brought be the MOST happiness have to do with spending time with wife and children. So every decision I make is really based on maximizing that time. The only true answer is life is short and one day you will be dead so figure out what makes you happy and start doing it....
by SQRT
Tue Aug 29, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 22546

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

Wherever you are in life, no matter what your job is, there are always folks that look like they have more and certainly seem to have way more to spend. Some have huge income and still save a lot but most can't help but spend every penny they have and more going into debt despite a helfty salary. Y...
by SQRT
Sat Aug 26, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

Communitea is a MUST eat place. Never heard of it and I live in Canmore? New place? Ok checked it out. Informal cafe. Maybe good for lunch or morning coffee. Couple of streets off the "main drag". Incredible lunch place. Great for families. Food is top notch. Ok might give it a try, although the pl...
by SQRT
Fri Aug 25, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

SQRT wrote:
Fri Aug 25, 2017 4:03 am
cantos wrote:
Thu Aug 24, 2017 12:01 am


Communitea is a MUST eat place.
Never heard of it and I live in Canmore? New place?
Ok checked it out. Informal cafe. Maybe good for lunch or morning coffee. Couple of streets off the "main drag".
by SQRT
Fri Aug 25, 2017 4:03 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

cantos wrote:
Thu Aug 24, 2017 12:01 am


Communitea is a MUST eat place.
Never heard of it and I live in Canmore? New place?
by SQRT
Thu Aug 24, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 9469

Re: Living Expenses - what's "reasonable"?

Reasonable expenses are relative to your income and savings. If you have $10,000,000 and are retired it's perfectly reasonable to have $30,000 of monthly expenses, regardless of what they're on... Remember what the OP asked: essential expenses vs leisure (discretionary) expenses. If you spend $30,0...
by SQRT
Wed Aug 23, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

Thanks for the good tips. I leave for Canada tomorrow and Canmore about 8 days later. Weather looks great but being in the mountains it is always variable. We were showing a friend some of the sights up around Lake Louise yesterday. Boy was it busy. No way to drive to the actual lake. Had to take a...
by SQRT
Tue Aug 22, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

Hopefully it will be a little less busy when you arrive. Marble canyon has a lovely hiking path beside it that has wonderful wide open vistas because of a forest fire that passed through a decade or two ago. Another great place to visit is the Whyte Museum of the Canadian Rockies in Banff. It is an...
by SQRT
Mon Aug 21, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

In my opinion Marble Canyon is a better place to visit than Johnson Canyon, but to each their own. If you go to Mable Canyon have a meal at the rustic Storm Mountain Lodge. We live in Canmore, retiring here about 10 years ago. Wonderful town with a very young active population. We particularly like...
by SQRT
Sun Aug 20, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3650

Re: Trip to Banff / Lake Louise / other places

Looks like you already know what to do. I've vacationed in the area and I have family in British Columbia so I travel every year to the area. One of the things that I thought was worth the expense was to spring for the Fairmount hotels in Banff and Lake Louise. It made our trip so much memorable an...
by SQRT
Fri Aug 18, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 16
Views: 1223

Re: Percent of retirement expenses from fixed sources?

My pension started out at about 60% of income but now about 45% since my divs have grown. Divs are growing by about 7% per year so the whole income is growing by about 4% per year. Well above inflation in Canada.
by SQRT
Fri Aug 18, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 11495

Re: How does one determine their "number" and what exactly does it mean?

Some people don't have a number. I never did. I just retired when things stopped looking interesting. I probably could have retired much earlier but I just didn't pay any attention to the financial side until near the end. This was my experience as well. Just kept working and saving. One day I look...
by SQRT
Thu Aug 10, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Future Accountant Seeking Advice
Replies: 10
Views: 1047

Re: Future Accountant Seeking Advice

I was a CPA and second the comment that it can be a great career choice. It was a way for me to enter a respected and relatively high paying profession when my family and friends were all "blue collar". I would agree that a big 4 firm is the way to go. Better support, training, opportunity. Also agr...
by SQRT
Wed Aug 02, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 3326

Re: Cabins - "investments" or "consumptive purchases"

It's a toy says the owner of a cabin of 15 years. There have been plenty of threads about cabins/second homes. From a financial point of view you are better off investing the money you pay for a vacation home and using that money to pay for a two week vacation wherever you like. And if your wife is...
by SQRT
Tue Aug 01, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 66
Views: 5554

Re: Denver or Portland for a 2nd home

We have multiple homes and enjoy them all. Only advice I would give is to make your second home as different from your other place as possible. We have mountains, lake, urban, and warm. Whole idea is to make it exciting to go to your other place, and being different makes it more likely to be excit...
by SQRT
Sun Jul 23, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Denver or Portland for a 2nd home
Replies: 66
Views: 5554

Re: Denver or Portland for a 2nd home

We have multiple homes and enjoy them all. Only advice I would give is to make your second home as different from your other place as possible. We have mountains, lake, urban, and warm. Whole idea is to make it exciting to go to your other place, and being different makes it more likely to be exciti...
by SQRT
Wed Jul 12, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 4939

Re: Jewelry insurance. Is it ever worth it?

My wife has a number of expensive pieces of jewelry. While they would cost several 100's of thousands to replace in total, the chance of losing them all at once is remote. Although this would not be a significant portion of our net worth, and we probably wouldn't replace them if lost, it would be a ...
by SQRT
Tue Jul 11, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14088

Re: How did you handle the costs of your child's wedding?

I only have one daughter. When she was a young girl, I promised her I would pay for her wedding. I was going through a difficult divorce from her mother at the time and I think she(daughter) was feeling unloved or insecure at the time. Seemed like the right thing to do at that point. 20 years later ...
by SQRT
Wed Jun 28, 2017 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spending
Replies: 16
Views: 2468

Re: Retirement spending

Most people here will not spend it all. Like others have said, since it's much worse to run out than to leave some behind, most are careful not to spend it all. The good markets of the last 8 years have helped a lot. I retired in 2006 and my portfolio is up about 2/3rds since then. Accordingly, incr...
by SQRT
Tue Jun 27, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your dividends?
Replies: 16
Views: 1776

Re: Do you check your dividends?

I have a spreadsheet that forecasts my divs, amounts and dates. I check for them the day they are due and transfer the funds out to spend. Never been a mistake.
by SQRT
Sun Jun 18, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: Do Bonds have a place if basic expenses are covered by income streams?
Replies: 69
Views: 4768

Re: Do Bonds have a place is basic expenses covered by income streams?

If SS, pension and/or annuities will cover your basic living expenses in retirement so that you would only need to tap your portfolio for some travel, new roofs or emergencies is there a reason to hold bonds at that point? I would say very little reason. Especially if your portfolio is fairly large...
by SQRT
Sun Jun 18, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14561

Re: Who takes financial chances and why is this forum so financially conservative?

Agree with your opinion on SWR and I've brought it up many times to the point where I've stopped reading SWR threads. The super conservative SWR folk are going to wind up working longer/harder and leaving a huge ball of money behind. Opportunity cost to the max. To the inevitable "well what if I go...
by SQRT
Wed Jun 14, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14561

Re: Who takes financial chances and why is this forum so financially conservative?

I'm not a boglehead. As such, I generally ignore direct investing topics here. Pick my own stock, buy and hold, dividend focused, outperformed appropriate benchmarks significantly for 20 years. Not as diversified as I would like and thus assume more risk than most posters here would feel comfortable...
by SQRT
Wed Jun 14, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 10514

Re: Worth it to buy expensive clothes?

I like nice clothes and pay quite a bit for such ($12-15 k per year). I know when I look good and feel better when I do. Fit is indeed paramount. Once you find a brand that fits you well you should stick to it. For dress shirts, I have to admit that in my opinion nothing can come close to costco. Un...
by SQRT
Tue Jun 06, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 4043

Re: Budgeting

I use EXCEL for budgeting, retirement projections, what-ifs, and everything else you can think of. I used it (or a variant) throughout my career, and find it really convenient. Likewise. Been using excel or before it lotus 123 for about 30 years. Would be lost without it. Have spreadsheets for ever...