Search found 1566 matches

by freebeer
Wed May 11, 2016 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Break even when you retire early - myth
Replies: 14
Views: 4999

Re: Break even when you retire early - myth

I agree the calculations should consider taxes and so thanks for your sleuthing. But, I think your examples could maybe be made a bit more realistic: - If you were making $60K and presumably paying income tax AND paying work-related expenses that will not continue (including social security and medi...
by freebeer
Mon May 09, 2016 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now or OMY, [One More Year]
Replies: 65
Views: 9015

Re: Retire now or OMY,

KlangFool wrote:OP,

Start by taking long vacation. Aka, semi-retired.

KlangFool


Yes! Per the Travis McGee novels: "taking retirement on the installment plan"...
by freebeer
Mon May 09, 2016 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rates
Replies: 51
Views: 7512

Re: Safe withdrawal rates

Until we actually see evidence that retirees are spending their portfolios, I think the debates can help :) This is exactly what VPW addresses..... You don't have to Cut Back Spending until If and When you need to. It is also what Guyton's "Decision Rules" from his 2004 paper "Decisi...
by freebeer
Fri May 06, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rates
Replies: 51
Views: 7512

Re: Safe withdrawal rates

Besides the good points already made I will add only that "safe" is a loaded term. For me, I see "safe" as only making sense when it is expressed relative to the life expectancy curve rather than as over some arbitrary period of years. E.g. a 5% chance of portfolio failure by age...
by freebeer
Thu May 05, 2016 8:57 pm
Forum: Investing - Theory, News & General
Topic: Your age in bonds minus ten? Not according to Vanguard
Replies: 93
Views: 7986

Re: Your age in bonds minus ten? Not according to Vanguard

What allocation you have at various ages is very personal. How large is your nest egg? What debts do your have or are on the horizon? Will you have a pension? Will you wait to collect SS? How is your health and longevity genes? What is your risk tolerance? What are your ongoing basic expenses? When...
by freebeer
Thu May 05, 2016 8:57 pm
Forum: Investing - Theory, News & General
Topic: Your age in bonds minus ten? Not according to Vanguard
Replies: 93
Views: 7986

Re: Your age in bonds minus ten? Not according to Vanguard

What allocation you have at various ages is very personal. How large is your nest egg? What debts do your have or are on the horizon? Will you have a pension? Will you wait to collect SS? How is your health and longevity genes? What is your risk tolerance? What are your ongoing basic expenses? When...
by freebeer
Thu May 05, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Your age in bonds minus ten? Not according to Vanguard
Replies: 93
Views: 7986

Re: Your age in bonds minus ten? Not according to Vanguard

What allocation you have at various ages is very personal. How large is your nest egg? What debts do your have or are on the horizon? Will you have a pension? Will you wait to collect SS? How is your health and longevity genes? What is your risk tolerance? What are your ongoing basic expenses? When...
by freebeer
Thu May 05, 2016 11:01 am
Forum: Investing - Theory, News & General
Topic: Your age in bonds minus ten? Not according to Vanguard
Replies: 93
Views: 7986

Re: Your age in bonds minus ten? Not according to Vanguard

I don't see 60/40 making sense in retirement as the swings appear too great during crashes UNLESS you have much more money than you need and the withdrawls during retirement don't take so much out that the money can't recover. This article is a fav of mine lately. 30/70 makes more sense to me. http...
by freebeer
Mon May 02, 2016 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6349

Re: Potential Employer was excited to hire me! Then silence... What did I do?

You mentioned she interviewed for 2 jobs, 2 different principals, but only got feedback from one saying HR declined to hire. Does that mean the other job is still a possibility? In addition to what's already been mentioned, maybe HR is holding out for someone with higher qualifications, knows what ...
by freebeer
Sun May 01, 2016 10:03 am
Forum: Personal Consumer Issues
Topic: Visiting Napa Valley, CA
Replies: 18
Views: 1487

Re: Visiting Napa Valley, CA

Your time is a bit short and there's tons to do in Napa, I would recommend against trying to put lots of miles on the rental car and instead staying around, biking and hiking in the area and enjoying the wineries and fine dining. I would go no farther than Sonoma on this short a trip, definitely not...
by freebeer
Fri Apr 29, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Too Much in Retirement Accounts?
Replies: 35
Views: 4808

Re: Saving Too Much in Retirement Accounts?

...don't pass up tax advantaged space for RE investment... VERY wise words! You might get really lucky in RE and buy in gentrifying markets and make nearly 100% gains (I did several times) and still find (as I did) that your investment accounts have still gained more on a net basis. And if you are ...
by freebeer
Sat Apr 23, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Financial Plan Provision for Flagship Customers Discontinued?
Replies: 22
Views: 2328

Re: Annual Financial Plan Provision for Flagship Customers Discontinued?

The Vanguard financial plan is not the same thing as the Financial Engines. Financial Engines assumes you purchase an immediate indexed annuity when you retire. It's most useful when several or many years away from retirement. If you are in retirement, Financial Engines doesn't do anything that get...
by freebeer
Sat Apr 23, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Annual Financial Plan Provision for Flagship Customers Discontinued?
Replies: 22
Views: 2328

Re: Annual Financial Plan Provision for Flagship Customers Discontinued?

When I did this several years ago the plan was just the output of FInancial Engines, which I don't see on the site now. Maybe Vanguard's "biz dev" deal w/ Financial Engines expired (FE is now promoting their own human financial advisor services so that wouldn't be too shocking). Or maybe t...
by freebeer
Sat Apr 23, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: When to start Social Security. A different take
Replies: 107
Views: 9515

Re: When to start Social Security. A different take

As far as I can tell, most people who claim early do so for non-financial reasons. That okay by me, it usually just leaves more money for the rest of us. Not all of us who claim early do so for non-finacial reasons. On the contrary, I decided to claim SS at the earliest possible date (first payment...
by freebeer
Wed Apr 20, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: When to start Social Security. A different take
Replies: 107
Views: 9515

Re: When to start Social Security. A different take

... you can make Roth conversions in the period between age 62 and the age at which you begin to collect your Social Security benefits (e.g., at age 66 or 70). MichDad This is a key point that applies well beyond OP's situation. For example, I have substantial taxable assets and anticipate spending...
by freebeer
Mon Apr 04, 2016 12:49 am
Forum: Investing - Theory, News & General
Topic: Which individual countries hold the most promise for future investment gains?
Replies: 84
Views: 4715

Re: Which individual countries hold the most promise for future investment gains?

...no countries have all these attributes. But if any come close that are perhaps not adequately priced into their current stock prices, relative to what their potential future growth and profitability very well could be, I'd certainly be open to slightly overweighting them... That's exactly like s...
by freebeer
Tue Mar 29, 2016 7:16 pm
Forum: Personal Consumer Issues
Topic: Black formal shoes with sneaker like support
Replies: 56
Views: 4855

Re: Black formal shoes with sneaker like support

It depends what you consider "formal". I wear SAS shoes whenever I have to wear shoes. Work, weddings, funerals, whatever. They are a bit on the ugly side and I would not call them formal, but they are at least marginally acceptable anywhere. I'd probably wear them if I was invited to din...
by freebeer
Tue Mar 29, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Competing Offers when Selling Home
Replies: 20
Views: 1378

Re: Competing Offers when Selling Home

Remember your agent and their broker are incented to get a deal quickly and move on not get you the highest price - 6% of $390K is $23,400, 6% of $420K is $25,200 ...not that big a deal esp. if the $23,400 is for way less work... see Freakonomics for more details. So don't be confused by "your&...
by freebeer
Tue Mar 29, 2016 1:46 am
Forum: Personal Finance (Not Investing)
Topic: retiring overseas?
Replies: 14
Views: 1354

Re: retiring overseas?

I went to see my financial adviser this weekend. He said that Nicaragua was a cheap place for to retirees. I was intrigued. I like to know if anybody is considering moving overseas for retirement or has already taken the plunge. What made you take such a decision? Are you satisfied with your decisi...
by freebeer
Sat Mar 26, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Buckets or 3 Buckets in Retirement??
Replies: 65
Views: 6358

Re: 2 Buckets or 3 Buckets in Retirement??

Christine Benz published an interesting article yesterday about issues with her recommended three-bucket approach to financing one's retirement. http://news.morningstar.com/articlenet/article.aspx?id=746669 This led me to wonder about the practices of those on this forum, specifically whether you u...
by freebeer
Wed Mar 23, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Has your definition of "a lot" of money changed?
Replies: 57
Views: 5197

Re: Has your definition of "a lot" of money changed?

Yes. 10 years ago a $20 cab ride was a lot of money. I would go for the $2 bus fare every time, even if the latter took 45 minutes and the former 10. Now $18 to save 35 minutes is a no-brainer. I don't think it's due to me being older (I am as likely to walk it now as I was then). Part of it is prob...
by freebeer
Fri Mar 18, 2016 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Age 29; stay in smaller house or buy a bigger house?
Replies: 44
Views: 4199

Re: Age 29; stay in smaller house or buy a bigger house?

How many SF is the home? You say 2 BR + 2 "small offices" so is that really 4 BR? Most people don't have his & her offices even in relatively large homes so if you're suggesting you need to buy a 6BR/3.5BA McMansion now just because you're planning for kids in the future I would say - ...
by freebeer
Fri Mar 18, 2016 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Suburbs with high ownership
Replies: 29
Views: 2795

Re: Suburbs with high ownership

james99 wrote:...I came across a ranking of suburbs by 100% home/apartment ownership.


can you post the link?
by freebeer
Tue Mar 15, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2123

Re: SPIAs and safe withdrawal rates

Thanks for all of the replies. I guess my idea wasn't so great after all. :) Matonplayer, It is usually best to combine stable base income (Social Security possibly delayed, pension if any, inflation-indexed SPIA if absolutely necessary) with flexible portfolio withdrawals, instead of trying to gue...
by freebeer
Mon Mar 14, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord wont return deposit
Replies: 76
Views: 6098

Re: Landlord wont return deposit

Unless local law precludes the lease term, you owe it. JT Local law might not only mandate a shorter notice, it might mandate not double-collecting rent, i.e. if the landlord re-rents then they have to refund your money. And if you threaten bad reviews, small claims court, etc. and the landlord *ca...
by freebeer
Mon Mar 14, 2016 9:13 am
Forum: Investing - Theory, News & General
Topic: Cost of $1000 per Month Inflation-Adjusted Income?
Replies: 67
Views: 7703

Re: Cost of $1000 per Month Inflation-Adjusted Income?

If you buy from the insurance company, you are paying the insurance company to absorb the risks of high inflation, market drops, etc. If you roll your own, you need to consider those risks yourself. E.g., yes you would have to decide what inflation rate to use in your calculations. Also market retu...
by freebeer
Sun Mar 13, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: When to simplify due to cognitive decline?
Replies: 39
Views: 4334

Re: When to simplify due to cognitive decline?

The question I am asking myself is when do I switch to a really simple portfolio (Two fund? Balanced fund?) due to the onset of cognitive decline. How do I know? What do I look for? I was never too good at personal finance (and I have the grades to prove it). So, I arrived at essentially a four fun...
by freebeer
Sun Mar 13, 2016 6:53 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2123

Re: SPIAs and safe withdrawal rates

I had an idea this week regarding safe withdrawal rates and wanted some input. Would it be possible to calculate a safe withdrawal rate based on current SPIA rates? In other words, could one somehow calculate the value of the mortality credits and subtract it from the SPIA payout rate? In my case, ...
by freebeer
Sun Mar 13, 2016 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Salary in Lieu of Benefits
Replies: 19
Views: 1684

Re: Additional Salary in Lieu of Benefits

It's a nonprofit, and the position is executive director, which equates to a C-Level job, I think. Not a 50-75% increase in salary, but 50-75% of the cost the organization would pay for our benefits. I'm ED of a nonprofit and I negotiated 100% compensation credit when I stopped taking an insurance ...
by freebeer
Sun Mar 13, 2016 9:52 am
Forum: Investing - Theory, News & General
Topic: Less is more [Vanguard blog - 2% economic growth prediction]
Replies: 41
Views: 4986

Re: Less is more

link: http://vanguardadvisorsblog.com/2016/03/04/less-is-more/ Mr. Davis post was specific to forecasting U.S. economic growth and said nothing about global prospects. Of course on this forum there are posters from all over the world, so "we" can't be presumed to be U.S.. Therein lies the ...
by freebeer
Fri Mar 11, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: How to invest while living in Ukraine?
Replies: 5
Views: 532

Re: How to invest while living in Ukraine?

Has your friend already invested in local real estate? In my understanding Ukraine RE is a rather depressed market (unsurprisingly) and so the bargain of Europe in objective terms, assuming the country doesn't spiral into failed state status. It is obviously speculative but even though it's not very...
by freebeer
Thu Mar 10, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How Are Investment Gains Treated in Divorce?
Replies: 9
Views: 1088

Re: How Are Investment Gains Treated in Divorce?

Say the day before getting married I have $100,000 in mutual funds. I get married and for five years am so happy in my marriage that I forget to put any more money in the investment account. At the end of the five years, I unfortunately get divorced. I look at my investment account and now it's wor...
by freebeer
Wed Mar 09, 2016 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Book copyright infringement: how to stop someone?
Replies: 31
Views: 2580

Re: Book copyright infringement: how to stop someone?

I just found out someone has scanned my book and is selling it on a file sharing site. I have warned her via email but it has not stop her, as she continues to profit from my hard work. What other options do I have? I prefer not to hire an attroney because of the legal cost. She is a nurse. Do you ...
by freebeer
Mon Mar 07, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is a CS PhD financial suicide for my profile?
Replies: 57
Views: 6067

Re: Is a CS PhD financial suicide for my profile?

I want a PhD. I enjoy the intellectual freedom and challenges of research, and I've recently been accepted into a great CS PhD program. But as software engineer, I could probably make 80-100K more per year than my stipend. Furthermore, I don't want to go into academia. In a perfect world, a PhD wou...
by freebeer
Mon Mar 07, 2016 12:13 am
Forum: Personal Consumer Issues
Topic: Bread - The Cost and Convenience
Replies: 94
Views: 9249

Re: Bread - The Cost and Convenience

I bake all our bread, have done so for years. A 1000 g loaf is approximately 600g of flour and 400g of water. The flour cost (if I go for the organic flour) about $1.35 the water is "free" the salt maybe $.01. I use sour dough starter so no yeast cost, maybe $.15 for the flour in the star...
by freebeer
Mon Mar 07, 2016 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2762

Re: Roommate issue

My adult son lives in MD and shares a house with two other roommates. Their lease contains the typical "jointly and severally liable" clause. Their lease expires July 31. According to my son (of course, I'm only hearing one side of the story) his two roommates have decided they don't want...
by freebeer
Sun Mar 06, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: Boating in the Seattle Area
Replies: 9
Views: 1004

Re: Boating in the Seattle Area

What kind of boating do you want to do? There's a wide range here from sailing big keelboats to sailing dinghies to big powerboats to little skiffs. One suggestion would be to do the keelboat sailing course at Center for Wooden Boats, graduation entitles you to rent from their livery fleet both at a...
by freebeer
Sun Mar 06, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Do most of you plan to retire "full-time"?
Replies: 126
Views: 10957

Re: Do most of you plan to retire "full-time"?

I'm very much looking forward to what I call "retirement," which means basically being able to choose to work on my own terms. It might mean fishing in New Zealand for 6 months, painting my garage, and then throwing myself into 5 months of consulting at 60 hours a week. I can't imagine a ...
by freebeer
Sat Mar 05, 2016 12:09 am
Forum: Investing - Theory, News & General
Topic: rental income investing
Replies: 50
Views: 4679

Re: rental income investing

There are some pretty nice explanations of the disanalogies between the leverage used in buying stocks on margins and real estate (RE) leverage in the preceding posts, but I can point out another couple of factors that haven't been mentioned yet. Obviously, the point about margin calls vs. the fixe...
by freebeer
Fri Mar 04, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline my employer's health plan as I already have one?
Replies: 10
Views: 942

Re: Should I decline my employer's health plan as I already have one?

Talk to your employer and see if they will give you any kind of bonus or salary bump if you decline their plan. I After I took my ERO from EDS I took a position with a small firm for a few months, and they gave me a $1K salary increase for declining their plan. +1. If it's a MegaCorp with HR depart...
by freebeer
Thu Mar 03, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 29519

Re: Does everyone really need to save $1 million for retirement?

For a good 1/3 or so of people the only need is to have enough money to get to the 80's because at that point the dementia has taken a toll and they are quite content sitting in a chair and living off social security and Medicaid. All the money in the world wouldn't change their lifestyle. The ques...
by freebeer
Thu Mar 03, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 29519

Re: Does everyone really need to save $1 million for retirement?

For a good 1/3 or so of people the only need is to have enough money to get to the 80's because at that point the dementia has taken a toll and they are quite content sitting in a chair and living off social security and Medicaid. All the money in the world wouldn't change their lifestyle. The ques...
by freebeer
Thu Mar 03, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce - Splitting Finances
Replies: 25
Views: 2818

Re: Divorce - Splitting Finances

... I was toying with the idea of keeping more of the retirement assets but am not sure what the right math should be ... the 250-300K retirement for 200K liquid was an example, I know, but if there is some guidance on proper evaluation, I'm all ears. As I was saying, neither of us is looking to ga...
by freebeer
Thu Mar 03, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Using electronic lock box when selling house
Replies: 28
Views: 1683

Re: Using electronic lock box when selling house

We will shortly be putting our house on the market. The house is in a semi-rural area and is somewhat secluded; cannot be seen from the public road. We are retired and are home most of the time. We are uncomfortable with having the agents use a lock box and we want to be more in control of the show...
by freebeer
Thu Mar 03, 2016 10:33 am
Forum: Personal Consumer Issues
Topic: MS Surface Pro 4?
Replies: 15
Views: 1332

Re: MS Surface Pro 4?

I bought a Surface Pro 4 i5 512gb at launch last November. I was expecting to make it my main laptop. But, I couldn't bond with its keyboard, with the display ( physically it's beautiful but many legacy apps were still having scaling issues / too small text) or with the overall form factor so I retu...
by freebeer
Wed Mar 02, 2016 9:13 pm
Forum: Investing - Theory, News & General
Topic: value of $1 in taxable account vs. in traditional 401K?
Replies: 50
Views: 3303

Re: value of $1 in taxable account vs. in traditional 401K?

Note also that you are implying that step 2 would not be needed unless the parties agree on RE valuation (I think you are implying that in that case RE would be liquidated and then like funds could be split pro rata) but that's not necessarily the case. For example when there are children involved ...
by freebeer
Wed Mar 02, 2016 9:06 pm
Forum: Investing - Theory, News & General
Topic: value of $1 in taxable account vs. in traditional 401K?
Replies: 50
Views: 3303

Re: value of $1 in taxable account vs. in traditional 401K?

[quote="bmritz"]I think this may be what the OP wants: Given: x(t) = amount after tax in 401k at time t y(t) = amount after tax in taxable at time t x0 = *nominal* (before tax) initial amount in 401k y0 = *nominal* (before tax) initial amount in taxable (assume no accumulated capital gains...
by freebeer
Wed Mar 02, 2016 1:33 pm
Forum: Investing - Theory, News & General
Topic: value of $1 in taxable account vs. in traditional 401K?
Replies: 50
Views: 3303

Re: value of $1 in taxable account vs. in traditional 401K?

Yes, splitting everything on a like basis is clearly the optimal solution since it avoids the question of valuation. But there a number of reasons why this may not work out even if there is no adverserial aspect to the negotiation. For example, if Spouse A wants the paid-off family home then Spouse...
by freebeer
Wed Mar 02, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: value of $1 in taxable account vs. in traditional 401K?
Replies: 50
Views: 3303

Re: value of $1 in taxable account vs. in traditional 401K?

Excepting one posting above about a voluntary adjustment over this issue where in divorce law, code and precedents, are assets divided based on future value. Shouldn't this question be answered as a legal one rather than an investment question? You could just as well attempt to place similar future...
by freebeer
Wed Mar 02, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: value of $1 in taxable account vs. in traditional 401K?
Replies: 50
Views: 3303

Re: value of $1 in taxable account vs. in traditional 401K?

Of course there is no way to know for sure but there has to be some way to model it based on assumptions based on likely scenarios for our situations. Otherwise if DW offers me $100K of cash or $101K of 401K, for example, how do I know which to pick? It's illogical to assume that the $101K of 401k ...

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