Search found 1955 matches

by freebeer
Sat May 26, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 29
Views: 2129

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

Questions: 1. Is medicaid (Texas) a feasible medical insurance option for early retirees? What are the eligibility requirements (i had a hard time finding this online)? 2. Is Obamacare insurance a better option if you get it subsidized fully by the federal government? I'm confused by the "early ret...
by freebeer
Fri May 25, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Liability of Getting Married (Protecting Taxable accounts)
Replies: 18
Views: 1629

Re: Additional Liability of Getting Married (Protecting Taxable accounts)

Don't listen to any generic advice on this forum about marital property issues because the applicable law is highly state-specific in terms of valid form and procedure for a pre-nup, what is considered community vs. separate property, etc. You need a lawyer in your current state of residence if you ...
by freebeer
Wed May 23, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2382

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

Rational decision: just drive it. This will never be a collectible so no point in investing $1500 in cosmetic repairs (and as noted that might not even permanently eradicate the rust).
by freebeer
Tue May 22, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2710

Re: What are downsides of ESPP @ 15% discount ?

Do you all have a max, that the 15% can be applied to? I do, and it is not very much, which would pretty much negate any value to doing this. Thanks. Remember it's typically 15% of LOWER of starting price or ending price during period. So depending on beta of stock average actual discount much more...
by freebeer
Tue May 22, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 59
Views: 7703

Re: $1,700,000 from family trust...

Putting your inheritance into a joint account with your wife will probably be a conversion of separate property to marital property, which could cost you in the event of a divorce. There are legal, as well as financial, considerations. This is entirely state dependent, both whether an inheritance a...
by freebeer
Mon May 21, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2710

Re: What are downsides of ESPP @ 15% discount ?

I have a lot of friends that were at Lehman when it went under - many were taking advantage of stock plans, many were granted options as compensation... I'm a big risk taker, just today I purchased some SPY put options, SMH put options, shorted the SPY as well for a quick gain etc. But I would neve...
by freebeer
Sun May 20, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Converting property in to neighborhood park. Trust needed?
Replies: 20
Views: 1180

Re: Converting property in to neighborhood park. Trust needed?

If the property is big enough to attract many people, the city may require a certain number of parking spaces to be nearby. The rest of the neighborhood may also have to agree to the plan as strangers and unsupervised kids may visit, as well as noisy partyers, graffiti artists, drug dealers, and th...
by freebeer
Sun May 20, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 7220

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

I believe that Alzheimer's Disease is overdiagnosed and that many 91-95 year olds are completely free of it. I don't think it is part of normal aging. And when it does appear it may be in a middle aged or even younger person. But extreme frailty and muscle wasting to the extent that moving about be...
by freebeer
Sat May 19, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2504

Re: Wife Retiring hesitant to roll-over funds to Vanguard

... It can stay with the employer plan, (she may yet do that) but I was comparing their funds with Vanguard and over the last 10 years Vanguard outperformed significantly. Because of that, I think she should move it out... Are these actively traded funds or ? A lot of 401ks have gotten better about...
by freebeer
Wed May 16, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Selling land FSBO help please
Replies: 27
Views: 1288

Re: Selling land FSBO help please

One issue with raw land is usually there will be a feasibility contingency and some offers will try to stretch that out so all the planning/permitting risk is during ir, while your property is tied up the value of land that's fully shovel ready can be much higher than true raw land where the value i...
by freebeer
Wed May 16, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Bringing individual assets into joint account
Replies: 27
Views: 1028

Re: Bringing individual assets into joint account

Seeking wisdom from folks who may have been down this path before. I have $130K in a taxable account that was (and still is) held as separate property. All other assets/debts are joint... My preference is to bring everything together... Just a note on mechanics: depending on your state moving asset...
by freebeer
Mon May 14, 2018 4:27 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 127
Views: 9019

Re: The front page is ugly

"from the early 1990s" is not actionable criticism. The home page loads fast and adapts well to mobile devices which is invaluable and which a lot of web pages from 2015 don't do. Yes it's bare bones looking but so is craiglist which is in the top 20 of all websites in the US (and has a revenue stre...
by freebeer
Sun May 13, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Mobile WIFI in France?
Replies: 13
Views: 570

Re: Mobile WIFI in France?

You could just get a Moto X for $249 and use Google Project FI as your carrier. $10/gig in over 100 countries. Hot spot free. Uses wifi automatically when available. France has easy access and if you go the portable wifi route probably chepaer to buy pne and get a short term prepaid SIM for it. But ...
by freebeer
Fri May 04, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Investing is more like poker than chess
Replies: 91
Views: 6150

Re: Investing is more like poker than chess

In the most recent episode of the "Money for the Rest of Us" podcast by J. David Stein, he reviewed Annie Duke's book "Thinking In Bets: Making Smarter Decisions When You Don’t Have All the Facts." I've heard of this book before, and while I haven't read it, the general gist that I get from the boo...
by freebeer
Wed May 02, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17392

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

OffTheGrid wrote:
Mon Apr 30, 2018 3:39 pm
To clarify, since it has been asked: the dealer’s finance department based the loan on our combined household income....
Then the lender expecting both parties whose income was included in the loan app to sign the lease is reasonable and should not be a surprise.
by freebeer
Tue May 01, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30981

Re: KF's simple rules to achieve FI [Financial Independence]

... Rule #1 Save 1 year of your current annual expense every year. Then, you could be FI in about 25 years even with 0% real growth. ... This is why Mustachian folks laugh at over-conservatism of Bogleheads folks. Note: not having job security is not the same thing as not having any human capital.
by freebeer
Mon Apr 23, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 9380

Re: Boglehead Philosophy Open To Change?

To answer the OP, yes, I do think the Boglehead philosophy is open to changes. The Boglehead strategy is an evidence based philosophy. As new evidences of finance come out, we adapt to it - witness the adoption of small-cap value strategy, emerging and foreign strategy to lower risk or juice up exp...
by freebeer
Sun Apr 22, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Traveling to Asia-need advice
Replies: 46
Views: 3569

Re: Traveling to Asia-need advice

Check the CDC website for travel advisories. I know malaria is still endemic in some parts of China so he may need to prepare some medications, if not vaccinations. That's kind of like saying West Nile Virus is prevalent in USA because it may be found in Miami. Chances that he will be in a malaria ...
by freebeer
Sat Apr 21, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - On the fence, need sanity check
Replies: 53
Views: 9139

Re: Early Retirement - On the fence, need sanity check

Every BH has heard of the 4% WR, etc. Many do not seem aware that a Varying WR on a 100% stocks portfolio that maxes at 5% in any one year will last forever, and, on average, the annual withdrawals will keep up with inflation. This statement is backed by Monte Carlo simulation (it's the median fore...
by freebeer
Thu Apr 19, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 69
Views: 5489

Re: Selling a car: how to get paid?

Car sale newbie question here... I never sold a car before and have just been reading about the process a bit. I wonder about the best reasonable approach to assure that I get paid in a private transaction, before giving the title. Articles I read suggest getting a cashier's check and verifying it ...
by freebeer
Wed Apr 11, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 4897

Re: realtor wants to show house to buyer, no listing agent for me

No, no, a thousand times no. Realtor has fiduciary duty to her client. That is, her JOB is to get the lowest price for you (out of you). Do NOT let her see the house just so she can point out perceived flaws and dig down the price. Just the fact that she would approach you this way, while contracte...
by freebeer
Sat Apr 07, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 3956

Re: $30M Umbrella Insurance?

I am assisting a relative search for an umbrella insurance policy. The individual has a net worth of approximately $30M. Based on this board’s recommendation of having an umbrella policy equal to an individual’s net worth at minimum, we are looking for an insurance company that provides $30M+ in co...
by freebeer
Sun Apr 01, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Adding Spouse To Single-Member LLC?
Replies: 11
Views: 1614

Re: Adding Spouse To Single-Member LLC?

To be more clear, in WA what name title to an asset is held is deemed immaterial in determining whether asset is community or separate and all post-marital undertakings are deemed marital. So putting spouse on LLC or not wouldn't matter in case of divorce or death. In other states, only one name on ...
by freebeer
Sun Apr 01, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Adding Spouse To Single-Member LLC?
Replies: 11
Views: 1614

Re: Adding Spouse To Single-Member LLC?

Actually, the fact that the LLC is treated as an S-Corp probably makes this easier. The standard IANAL disclaimer and you should certainly consult with one on this, but I think all that is necessary is to make your spouse a co-equal shareholder in the corporation . As a co-equal shareholder, the sp...
by freebeer
Wed Mar 21, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4574

Re: Buying vs renting - really tough decision to make

I'm not seeing where you make an argument for buying.... I didn't think I need to make a case for buying, everyone knows what it is. There are advantages like a much more comfortable home, not having to move twice, so on and so on. I'm wondering what's best financially and that's really my main foc...
by freebeer
Tue Mar 20, 2018 1:23 am
Forum: Personal Consumer Issues
Topic: What kind of bike do I need and how much should I spend?
Replies: 44
Views: 2893

Re: What kind of bike do I need and how much should I spend?

I recently lost 75 pounds and for the first time in a while I'm thinking about purchasing a bike to do some bike riding in the warmer months. Any suggestions on what I should get and is buying used worth it in the long run? Thanks This is like saying you want to buy a car and asking for suggestions...
by freebeer
Mon Mar 19, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: recommendations on SW to model withdrawals across a population?
Replies: 5
Views: 809

Re: recommendations on SW to model withdrawals across a population?

I want to model (more than once) a population of many (hundreds or potentially a few thousand) individuals who vary in their age, gender, starting portfolio size, investment allocation, and chosen withdrawal rate. I'm not aware of anything like this, so you're going to do a decent amount of coding ...
by freebeer
Mon Mar 19, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: recommendations on SW to model withdrawals across a population?
Replies: 5
Views: 809

Re: recommendations on SW to model withdrawals across a population?

Perhaps one or more of Retirement calculators and spending - Bogleheads ? Retirement calculators typically focus on simulation of a single individual's path, the random variation across multiple trials (Monte Carlo) applying to the investment returns only. They are rarely longevity-driven (a pet pe...
by freebeer
Sun Mar 18, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: recommendations on SW to model withdrawals across a population?
Replies: 5
Views: 809

recommendations on SW to model withdrawals across a population?

As part of some ongoing personal research I would like to model (simulate) the impact of different retirement withdrawal rates using a longevity-based success metric. I'm searching for any existing software that does something similar that I can clone and adapt to my specific neds. In the alternativ...
by freebeer
Fri Mar 16, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Bicycle Commuting in LA - Thoughts?
Replies: 100
Views: 5127

Re: Bicycle Commuting in LA - Thoughts?

... My dad was hit twice by cars. Both times ended up in the hospital. Once he had a broken back and was in the hospital for a couple weeks and in a brace for 6 months. Both times the driver said they didn't see him/weren't expecting him. ... Perhaps there is more to it than I thought. The randomne...
by freebeer
Wed Mar 14, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 8790

Re: traveling to mexico, should I be concerned?

When the liquor issue stories started hitting the local paper, seeing people die, pass-out and get sick just from having a cocktail in a hotel bar, that was enough for me. If you can't drink the water or the booze, what else is there? :D :sharebeer Do you have any links to such stories? I'm not awa...
by freebeer
Mon Mar 05, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with 401k? Company dissolving....
Replies: 16
Views: 1607

Re: what to do with 401k? Company dissolving....

But would there be an advantage in having a separate IRA at say Schwab or Fidelity in case one of the sites is hacked? I suppose I could also get a transfer bonus if I opened another IRA somewhere instead of Vanguard? ...in the case of last month's Dow drops of 1000+ points, Vanguard and other brok...
by freebeer
Mon Feb 26, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: 3 layers of roof. Pull my offer??
Replies: 63
Views: 5963

Re: 3 layers of roof. Pull my offer??

I was running numbers and say the roof cost $10,000 and I reduce my offer by $10k all that gives me is a few dollars less payment each month. $10K is not reasonable, the house was priced with a roof that was maybe two thirds through its useful life. I would ask for a new roof and gutters to be put ...
by freebeer
Thu Feb 22, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2671

Re: Is a prenup required to establish a list of separate property before marriage?

I would think you will need to keep premarital assets separate from post-marital assets to have any prayer of this working. Depends on state. In WA thanks to a series of legal precedents separate property can now be traced through joint accounts and joint RE purchases. That said tracing is expensiv...
by freebeer
Sun Feb 18, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch article-Vanguard investors kept their cool during stock-market turmoil
Replies: 18
Views: 1762

Re: MarketWatch article-Vanguard investors kept their cool during stock-market turmoil

BigMoneyNoWhammies wrote:
Fri Feb 16, 2018 11:54 am
(gekko) wrote:
Fri Feb 16, 2018 11:48 am
And still their website didnt hold the traffic that day.
Doesn't mean they weren't all trying to log in to track what was happening to their portfolios. They would be crazy not to.
Yes we Bogleheads are obsessive if not compulsive.
by freebeer
Wed Feb 14, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

I answered my own question. I went to immediateannuities.com and for a 65 year old male with a 60 year old spouse and a CPI cola rider the payout is 3.2% for a payment that extends to the longest surviving spouse. And, without the spouse payout is 4.38%. So I guess that does kind of answer my origi...
by freebeer
Tue Feb 13, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

I answered my own question. I went to immediateannuities.com and for a 65 year old male with a 60 year old spouse and a CPI cola rider the payout is 3.2% for a payment that extends to the longest surviving spouse. And, without the spouse payout is 4.38%. So I guess that does kind of answer my origi...
by freebeer
Tue Feb 13, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

... A quick and dirty way to estimate the "fairness" of a SPIA quote is to use a mortgage calculator. ... you can argue that "fairness" can be roughly measured relative to life expectancy. I'll skip the mortality tables and make a wild guess of 20 years (240 payments). That implies an APR of 2.21%....
by freebeer
Tue Feb 13, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

... As long as you have your marbles and investing competence you can outperform SPIAs... Ah, but this is precisely what I am trying to find a means to compare. And clearly your statement is wrong for, say, a 90-year old male considering whether to annuitize - the value of mortality credits means t...
by freebeer
Tue Feb 13, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Co-investment with parents and sibling jealosy [Home construction]
Replies: 22
Views: 2371

Re: Co-investment with parents and sibling jealosy

One thing that could help would be to structure the arrangement arm's-length, which would protect the value of your parents' asset. If you are in Bay Area you will know that TIC ("Tenant In Common") arrangements are common and often among strangers not family or even friends. There are well develope...
by freebeer
Mon Feb 12, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

Not the same, OP. Primarily annuities and their variations (pensions) are Insurance products. MF are investment products. The experts at BH try to compare the two using the same metric for investing. Everyone here knows by now, know that we have GLWB Annuities within IRAs... Yes, I want comparison ...
by freebeer
Mon Feb 12, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

...I've read a couple of stories that suggest that what could be called the "load" on a commercial annuity--the portion of premiums retained by the insurance company as profit, rather than being distributed to annuitants as payment--is in the 2% to 10% ballpark....I ran some numbers myself on a spr...
by freebeer
Sat Feb 10, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

Re: annuity vs. decumulation: apples to apples comparisons?

ralph124cf wrote:
Mon Feb 05, 2018 4:09 pm
As far as I can tell, the TIAA-CREF variable annuity payouts are very close to actuarially fair. ...
What do you mean by "as far as you can tell"?
by freebeer
Thu Feb 08, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: SWR simulator supporting variations in returns?
Replies: 2
Views: 276

SWR simulator supporting variations in returns?

Hi, I want to model Monte Carlo distribution of results for simulated portfolio withdrawal with ability to plug in different average return rates per year (average in the sense that the variation from simulations starts from that number rather than a fixed number throughout retirement). Tools like F...
by freebeer
Wed Feb 07, 2018 10:46 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 2891

Re: How to short TSLA?

Wrong forum
by freebeer
Mon Feb 05, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is travel and admission to academic conference won in a competition taxable income?
Replies: 14
Views: 639

Re: Is travel and admission to academic conference won in a competition taxable income?

I would guess that almost everybody at an academic conference that got paid to speak put it on Schedule C and didn't give any speaking fees to their employer... I would guess that the vast majority didn't bother to put it on Schedule C and track expenses vs. income. Not paid keynote speakers arrang...
by freebeer
Mon Feb 05, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 2130

annuity vs. decumulation: apples to apples comparisons?

There is a lot of theoretical information available about "actuarially fair" annuities. But, not only do these not exist in the real world of SPIAs, DIAs and variable annuities, the fact that the insurance company is taking the other side of a longevity bet means that they have to invest quite conse...
by freebeer
Sat Feb 03, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: How do I or should I start my own fund ?
Replies: 52
Views: 5868

Re: How do I or should I start my own fund ?

... To start what is called an SEC "40 Act" fund requires upfront capital. Lots of costs for lawyers and accountants to setup a fund http://www.fa-mag.com/news/article-1393.html "Costs for launching a fund average about $150,000 in the first year. " Another way to go is to be a financial advisor, g...
by freebeer
Fri Feb 02, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 58
Views: 4760

Re: Annuities - how does insurance company know you died?

Does anyone know what is the average elapsed time between someone dying and their death being reported via this system? When my father died: two mornings after... When my mother died: Four days later we looked at her accounts... So in my personal experience, system notifications happened really qui...
by freebeer
Thu Feb 01, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 58
Views: 4760

Re: Annuities - how does insurance company know you died?

Social Security Master Death File. Insurance companies, and many other companies, are integrated with this system... Does anyone know what is the average elapsed time between someone dying and their death being reported via this system? And what is say the second standard deviation of this average ...