Search found 1494 matches

by freebeer
Sun Feb 07, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: planning for medical spending in retirement?
Replies: 3
Views: 246

Re: planning for medical spending in retirement?

Thank you JDC, that's a good idea and I will check out such tools, although the one you linked to isn't working for me at the moment. Of course that's the maximum spend so presumably budgeting for the maximum is slightly conservative. You're right also though that given the state of flux trying to n...
by freebeer
Sun Feb 07, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: planning for medical spending in retirement?
Replies: 3
Views: 246

planning for medical spending in retirement?

I'm trying to firm up my post-retirement spending plan and am having a hard time sorting how to model expected medical-related spending. Our usually extremely helpful Wiki is just a stub on this question: https://www.bogleheads.org/wiki/Medical_spending_in_retirement. There's lots of info out there ...
by freebeer
Fri Feb 05, 2016 11:20 am
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3722

Re: Take the Verb Tense Pledge!

I so pledge.

As a fine point I note that sometimes a bit of implicit future tense creeps in. E.g. "mortgage rates are heading downwards" implying something not just about the present but about the onward trajectory. The solution per your pledge also addresses this case.
by freebeer
Fri Feb 05, 2016 2:06 am
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 64
Views: 4305

Re: If SS covers expenses why invest?

most people who are living solely on SS benefits are living below the poverty line... According to what data? https://aspe.hhs.gov/2015-poverty-guidelines#threshholds the poverty level is $11,770 for a one-person household and $15,930 for a two person household. Per http://www.grandparents.com/mone...
by freebeer
Thu Feb 04, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 82
Views: 4899

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

I'm pre-retirement but my financial model calls for a bit over half of my post-age-70 spending to be covered by SS. The model includes a free & clear home by that age, so SS would be a lower percentage if imputing rent. The SS is pretty much maxed out so there is some downside risk there althoug...
by freebeer
Tue Feb 02, 2016 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5068

Re: Physician buying an 850k vs 1.25m house

...making 350k a year (45% federal+state tax bracket)... I don't know what your subspecialty is or your passion for working but it's a fact that many MDs burn out. also technology and legal frameworks make MD compensation subject to change as well. I made 350K+ a year (in software not medicine) for...
by freebeer
Sun Jan 31, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: Longtime AT&T customer looking for MVNO cell provider
Replies: 23
Views: 1874

Re: Longtime AT&T customer looking for MVNO cell provider

Google Project Fi is great if you are OK to switch to a Nexus model Android phone. The Sprint+T-Mobile auto-switching is great and I love being able to have seamless voice and text on all my computers and tablets. International data rates same as U.S. ($10/gb) is another nice touch. Free hot spot in...
by freebeer
Sat Jan 30, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Two spenders and buying a house
Replies: 43
Views: 3813

Re: Two spenders and buying a house

Within the next year ill be purchasing a house that sits on 30 acres...28 of which are completely wooded. No neighbors, complete privacy. I wouldnt have it any other way. To the OP...sounds like most commenting here live on plots of land that are described in square feet because the space is so sma...
by freebeer
Wed Jan 27, 2016 11:54 pm
Forum: Investing - Theory, News & General
Topic: Paper stock certificates - can I get one?
Replies: 24
Views: 1770

Re: Paper stock certificates - can I get one?

In the age of internet trading i was curious if it was even possible to get a paper stock certificate I got some failed startup stock certificates you can have for the price of mailing. Your choice: founders stock, Series A preferred, or Series B preferred. No Series C, sorry, I got washed out. :oo...
by freebeer
Sat Jan 23, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 401K Divorce and Remarriage
Replies: 8
Views: 858

Re: 401K Divorce and Remarriage

It might work for early access to the money, as stated by Alan S. However, make sure that you are aware of other downsides, perhaps like loss of spousal/family health insurance. There may be other unexpected complications. RM Such as potential exposure to a fraud claim if the divorce was just a pre...
by freebeer
Thu Jan 21, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6975

Re: Here We Go Again: SWR 2.5% or 5.5%?

SWR are for a given portfolio. If you change that the numbers change. For example historically the 4% SWR is based on something like 60% S&P 500 and 40% corporate bonds. Change to treasuries it drops. Change to small cap value or add international and it goes up. Same time periods. Different re...
by freebeer
Thu Jan 21, 2016 3:34 pm
Forum: Personal Consumer Issues
Topic: New neighbor turning their house into vacation rental
Replies: 41
Views: 4540

Re: New neighbor turning their house into vacation rental

Why should the new owner have to respect the "neighborhood character"? It's called being an adult and realizing that one is almost always part of a greater community, and that one should respect the values of said community. "should" is different than "must" and "...
by freebeer
Wed Jan 20, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5093

Re: Insane Notice / Counter Offer Situation

Then, a C-level executive from my company called my future employer and implied that I was improperly departing the company. That would do it for me. No question. Doesn't matter how much they offer me. Even if they offered me unlimited use of the company jet :) [edit] But do sit through the meeting...
by freebeer
Tue Jan 19, 2016 11:49 pm
Forum: Personal Consumer Issues
Topic: New neighbor turning their house into vacation rental
Replies: 41
Views: 4540

Re: New neighbor turning their house into vacation rental

Basically the title says it all. Old neighbors of 25 years, moved out. New neighbors bought the house with cash (Bay Area). Now they want to turn it into a vacation rental. Everyone on the block is upset, we are in a small semi-rural area, people coming and going doesn't fit with the characteristic...
by freebeer
Sat Jan 16, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How much House can I afford with an income of $98,000? My husband gave me a bizarre number
Replies: 110
Views: 12662

Re: How much House can I afford with an income of $98,000? My husband gave me a bizarre number

Hello. Hopefully someone can give me a hand. My husband's income is $98,000 per year. I'm raising our kids and caring for an aging parent. I found a house that would work well for us--it's $359,900. We have no credit card debt, 2 car payments that amount to $700 per month, and $110,000 saved. The b...
by freebeer
Wed Jan 13, 2016 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Why is there no vanguard competitor?
Replies: 48
Views: 5227

Re: Why is there no vanguard competitor?

I feel Bogleheads overvalue the Vanguard business structure. Personally, I wonder if Vanguard's success is because of its business structure or in spite of it. Mutual Fund insurance companies are not necessarily more efficiently run and very often have higher cost insurance products. Credit Unions,...
by freebeer
Mon Jan 11, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: How common is this [Have more money 10+ years into retirement]
Replies: 72
Views: 8789

Re: How common is this

gilgamesh wrote:I think the critical factor is the withdrawal strategy and not necessarily asset allocation....


No I think the critical factor is retirement date... note 2002 retiree with doubled net worth, 2005 retiree (so not so far before the crash) barely at par.
by freebeer
Sat Jan 09, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Is a Bear market the ideal market to retire?
Replies: 70
Views: 5327

Re: Is a Bear market the ideal market to retire?

I say if you can live off social security alone and not touch the investments, then you are ok. I would retire, but not withdraw in bear market. Well, this is not clearly not good general advice. Someone with a $10M portfolio surely can have a lifestyle that requires spending beyond $30K/year in so...
by freebeer
Wed Jan 06, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance - why so expensive?
Replies: 34
Views: 2409

Re: umbrella insurance - why so expensive?

Umbrella liability is not something I would skip. How about having the kids pay for part of the policy. At that age, they should be having summer jobs. Maybe they should use their summer earnings to help you pay for your earthquake insurance instead? (since that probably has more chance of actually...
by freebeer
Wed Jan 06, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance - why so expensive?
Replies: 34
Views: 2409

Re: umbrella insurance - why so expensive?

You might try RLI, which is what I have through USAA since I don't have all my coverage with USAA. RLI rated me at $878/year with the subcaption "Standard with Youth - PS". So I guess that answers the question. Teen driver -> high umbrella premium. Thanks. Having your 18-year-old son cove...
by freebeer
Tue Jan 05, 2016 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for millionaires?
Replies: 61
Views: 5162

Re: Insurance for millionaires?

Besides umbrella insurance, what are some other things that would be wise to have for someone with a net worth of 1 million+ ? I would like to get advice from people who have 1.5 mil to 5 mil. There seem to be so many different kinds of insurance, like whole life, term life, long-term care, etc. Wh...
by freebeer
Tue Jan 05, 2016 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Dumping Chase Private Client
Replies: 10
Views: 1807

Re: Dumping Chase Private Client

250k total relationship or 100k cash. Have heard a jumbo mortgage will do it, too. It's not particularly useful outside of lower jumbo rates (generally been 1/8 or 1/4 below conforming and no closing costs). It is not going to get me a better rate (they already competitively matched another quote) ...
by freebeer
Mon Jan 04, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Saved half of income last year - struggling to see the point
Replies: 45
Views: 6022

Re: Saved half of income last year - struggling to see the point

... I've busted my rear for years in a high-stress, high-hours profession to live the same kind of life that I'd be living if I made half as much. But if I were to spend that money, I don't know to what end - I (and my wife) have no interest in new cars, expensive clothes, or whatever. I have no in...
by freebeer
Mon Jan 04, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Dumping Chase Private Client
Replies: 10
Views: 1807

Re: Dumping Chase Private Client

Long-time Bogleheads enthusiast, first time on the board. I've used Schwab for brokerage and banking for many years but qualified for Chase Private Client in order to get cash back and a low rate on my mortgage in January 2015. I had to move $100k of securities over to Chase's brokerage to qualify-...
by freebeer
Mon Jan 04, 2016 5:52 pm
Forum: Personal Consumer Issues
Topic: safe car suggestions (with autobrake?)
Replies: 17
Views: 1357

Re: safe car suggestions (with autobrake?)

I'm curious if there is any real-world data about reduction in injuries/deaths from auto-braking technology.... From the data I've seen to date it would seem that obsessing about having the latest and greatest car safety features is a far less beneficial way to spend $, from the perspective of expe...
by freebeer
Sun Jan 03, 2016 1:03 pm
Forum: Personal Consumer Issues
Topic: safe car suggestions (with autobrake?)
Replies: 17
Views: 1357

Re: safe car suggestions (with autobrake?)

I'm curious if there is any real-world data about reduction in injuries/deaths from auto-braking technology. The bang for the buck of even basic frontal airbags is low compared to seatbelts per http://pricetheory.uchicago.edu/levitt/Papers/LevittPorter2001.pdf so one might intuitively expect further...
by freebeer
Wed Dec 30, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 6781

Re: Article on retirement withdrawal strategy

Happy Holidays, everyone! Would love to hear thoughts and feedback about this article: http://www.caniretireyet.com/new-research-the-best-retirement-withdrawal-strategies/ ' Two thoughts: 1. A "tell" was the author's statement that the CAPE strategy was the "final" one back-test...
by freebeer
Wed Dec 30, 2015 1:18 am
Forum: Personal Finance (Not Investing)
Topic: High-tech employee lawsuit settlement approved
Replies: 40
Views: 6659

Re: High-tech employee lawsuit settlement approved

http://www.hightechemployeelawsuit.com/ The FAQ states you are class member if you worked for ANY of the companies during the time period. I worked only for Adobe but I got a piece of both. The news article is wrong or poorly worded. Well, that website is only about the newest settlement. Do you kn...
by freebeer
Tue Dec 29, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Rental property deal - good / ok / bad
Replies: 23
Views: 1947

Re: Rental property deal - good / ok / bad

I think the only significant question is whether the rent is achievable. You have another property in the area so presumably you have a handle on this but it seems slightly optimistic to me. In Seattle metro a townhouse that rents for $2300 would sell for around $450K. Have you checked the Zestimate...
by freebeer
Mon Dec 28, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Outsourcing property management
Replies: 23
Views: 1837

Re: Outsourcing property management

Sell it. You either need to manage tenants and contractors, or you need to manage a property management company. Either way, if you don't have some knowledge of homes, you will be leaving money on the table. Property managers I have seen have a vested interest in you NOT getting long term tenants. ...
by freebeer
Fri Dec 25, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: High-tech employee lawsuit settlement approved
Replies: 40
Views: 6659

Re: High-tech employee lawsuit settlement approved

If you get something from this Adobe/Apple/Google you should have got a piece of the Intuit/Pixar. Same class action. Just they settled first and,earlier. My settlement was actually a surprise from the first part. But a different for,handled the payout. But everyone in the class gets a piece of bot...
by freebeer
Fri Dec 25, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Housing one more time
Replies: 28
Views: 2775

Re: Housing one more time

Badger -- was wondering about the opportunity cost. Though seems to me it'd only be on the money I put down that was available for investment, which was 100k. Really should factor that in as well at a minimal return. Timelord -- in my case the tax deduction was never all that significant. Only borr...
by freebeer
Thu Dec 24, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house - am I legally or ethically obligated to disclose this?
Replies: 50
Views: 5205

Re: Selling house - am I legally or ethically obligated to disclose this?

Real estate disclosure laws and requirements vary (widely) by state. As do the legal ramifications for failure to disclose. Research your state. A quick Googling shows some states that explicitly require disclosing if rabid animals were ever present on the property. and even if your state has no ex...
by freebeer
Wed Dec 23, 2015 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Private (Intrafamily) Mortgage
Replies: 11
Views: 943

Re: Private (Intrafamily) Mortgage

... A rate of 3.2% has been proposed on the full amount of $200,000 for a period of 25 years... I'm trying to ... make sure we aren't taking advantage of my uncle Well, then why not pay a market mortgage rate? 3.2% is about where a conforming (20% down) 15-year mortgage rate is sitting, 30 year is ...
by freebeer
Mon Dec 21, 2015 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: High-tech employee lawsuit settlement approved
Replies: 40
Views: 6659

Re: High-tech employee lawsuit settlement approved

mikep wrote:Has anyone gotten a payout yet? The site says everyone should be paid by the end of Dec. Are folks figuring this into their 2015 tax planning?


I was told checks are being mailed today.
by freebeer
Sun Dec 20, 2015 11:48 am
Forum: Personal Finance (Not Investing)
Topic: dilemma over house division during legal separation
Replies: 98
Views: 8369

Re: dilemma over house division during legal separation

Trying to come back to OP's original question... OP has clarified that they have both received legal advice, so I think we can assume that they have already negotiate a fair and equitable dissolution, including division of assets and child support and alimony/maintenance. Thus the question is simply...
by freebeer
Thu Dec 17, 2015 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Seattle-what can we really afford?
Replies: 42
Views: 3646

Re: Seattle-what can we really afford?

You can afford that much house but... do you need that much house? Mercer Island is not the only option around here for great schools so IMO you really don't need to pay $900K, you can get a decent place in a great district for $650K or less. Look at some of the other areas - Bainbridge Island, Issa...
by freebeer
Tue Dec 15, 2015 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 3M (MMM)
Replies: 39
Views: 4405

Re: Thoughts on 3M (MMM)

boomstick wrote:...I'd like to hear some folks thoughts on 3M as a investment... 4-5% of my holdings are in 3M.


Buying individual stocks is not investment it is speculation.

Holding 5% of your portfolio in one stock is unwise speculation.
by freebeer
Tue Dec 15, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: Too old to change career?
Replies: 23
Views: 2464

Re: Too old to change career?

He wouldn't necessarily have to go into public accounting. He could consider managerial accounting (corporate) instead. Also as most people have said, public accounting is often a young person's game with all the hours they work but having worked for a Big 4 and for a small local firm, I can tell y...
by freebeer
Fri Nov 13, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic Testing for Job Application
Replies: 29
Views: 3416

Re: Genetic Testing for Job Application

A relative of mine was going to apply for a job at a nationally known company but was told that he and all other applicants would have to submit to genetic testing before their applications were accepted. He refused and went elsewhere. Is this common in the job application process now? Genetic Info...
by freebeer
Tue Nov 10, 2015 2:13 pm
Forum: Personal Consumer Issues
Topic: Project Fi experience?
Replies: 24
Views: 3016

Re: Project Fi experience?

Oh and one more thing the ability to receive and make calls and texts seamlessly from computer via Hangouts has been a nice bonus...
by freebeer
Tue Nov 10, 2015 2:10 pm
Forum: Personal Consumer Issues
Topic: Project Fi experience?
Replies: 24
Views: 3016

Re: Project Fi experience?

I'm writing this on a Nexus 6, LTE connected via Fi. I like it a lot. If your LTE data usage varies the ability to be credited for unused dats is another big plus besides those already mentioned. Other MVNOs don't offer this AFAIK. Combined with cross-carrier roaming, the surprisingly good WiFi voic...
by freebeer
Sat Oct 31, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing disagreements with spouse
Replies: 86
Views: 7394

Re: Investing disagreements with spouse

I'd say that your personal retirement accounts are for each of you to do whatever you want with, and half of the taxable investments are hers to invest as she chooses. I would only try to make sure that there's accurate accounting in place for the taxable funds, so both of you will know how each of...
by freebeer
Thu Oct 29, 2015 9:19 am
Forum: Personal Consumer Issues
Topic: Thinking of switching from phone to phablet
Replies: 49
Views: 4470

Re: Thinking of switching from phone to phablet

Ugh. Went to Apple Store, Best Buy and 2 AT&T stores and the only iPhone 6s Plus I could find was a Rose 16gb. At least I made my decision on if I wanted one or not. :oops: Thanks for reminding me why I'm glad I switched to Android... More seriously though.... I've become a big fan of Google Pr...
by freebeer
Wed Oct 28, 2015 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 11
Views: 894

Re: Hard Money Loans

... Uh oh... It now sounds like you let her mortgage 100%, meaning no down payment? (Perhaps I misunderstood, but it looks like you sold it to her for $250k, and gave her a 25 yr mortgage of $250k.) If that is correct, then you really don't have much "security" in the conventional sense. ...
by freebeer
Wed Oct 28, 2015 12:24 pm
Forum: Personal Consumer Issues
Topic: Clearing brush -- electric wood chipper?
Replies: 23
Views: 1201

Re: Clearing brush -- electric wood chipper?

Electric chippers are toys that will be a waste of money unless you have such a little bit of very small brush that you could just as well break it down by hand and let it compost. You didn't mention the approximate square footage of the brush area but that's a key piece of info - if you are doing t...
by freebeer
Sat Oct 10, 2015 2:02 pm
Forum: Personal Consumer Issues
Topic: Creative Ideas for Retirement Living
Replies: 30
Views: 4374

Re: Creative Ideas for Retirement Living

I recommend you consider buying (or perhaps leasing) a condo or house in one of your two prospective anchors (upstate NY or FL) and AirBnB hosting during the time you're in the other place / exploring further afield. These days this is really pretty easy. I'm writing this from an AirBnB rental apart...
by freebeer
Thu Oct 01, 2015 5:35 pm
Forum: Personal Consumer Issues
Topic: Martial arts for beginner adults
Replies: 45
Views: 3236

Re: Martial arts for beginner adults

Fourth vote for Aikido, specifically Aikido Kokikai. The style just agrees with me. I practiced Aikido Kokikai a long time ago. It's a defensive style which uses balance and leverage to maximum effect. I find it very agreeable and fell in love with it. Restarting my training is a top priority when ...
by freebeer
Wed Sep 30, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: Is Toyota going to be the next VW?
Replies: 29
Views: 3273

Re: Is Toyota going to be the next VW?

Consumer Reports notes that this is a problem for all newer cars. 0w20 weight oil is the new norm, and is very thin oil that increases gas mileage. Being thin, however, it lets more oil get past the rings and burn up in combustion (thus explaining some of the extra oil usage). Consumer Reports is s...
by freebeer
Tue Sep 29, 2015 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should I put my stuff in storage and save on rent if I'm going to be away for 3 months? (I own very little)
Replies: 22
Views: 1547

Re: Should I put my stuff in storage and save on rent if I'm going to be away for 3 months? (I own very little)

Hi, ... I plan to move out of my current place after the trip anyway. My landlord doesn't allow subletting. .. I am also uncomfortable with the idea of not having a residence to return to after my trip ... $5K is a lot of dough just to avoid being "uncomfortable" for a few days. Unless yo...

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