Search found 1696 matches

by freebeer
Sun Feb 26, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Backpackers- weight vs utility question
Replies: 31
Views: 1548

Re: Backpackers- weight vs utility question

... They each carried specialty light weight umbrellas (for sun, not rain) that mounted on their backpacks... I'd love to know what model of umbrellas these were and how they mounted on the backpacks. But I'm surprised if this was only for sun, the Ray Jardine concept of umbrellas was, I thought, m...
by freebeer
Sun Feb 26, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How long to keep paper investment statements
Replies: 13
Views: 1068

Re: How long to keep paper investment statements

This is a 2 part question. All my accounts are at Schwab, and I have good online access to statements and other records... If there is any chance you could ever get divorced you may find that you need to document decades-old financial transactions in order to characterize separate vs. community pro...
by freebeer
Fri Feb 24, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 1959

Re: Rebalancing -> Market Crash and rebalancing

Fess up. How many rebalanced to the full extent called for in their IPS in 2008/09, which was milder than what the OP asks about here? I entered the 2007 great recession at 25% stocks and exited in 2009 at 70%. I not only rebalanced but permanently changed my asset allocation to take advantage of t...
by freebeer
Fri Feb 24, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: At what point is a used car worth it
Replies: 26
Views: 2368

Re: At what point is a used car worth it

Here is how I look at the math. I don't do much work on cars myself so I usually replace cars when they are ten years old and have will over 100K miles on them. I look at the yearly cost of car ownership excluding routine costs like tires and oil changes that you will have with any car. In made up ...
by freebeer
Fri Feb 24, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 43
Views: 2237

Re: How much are independent contractors really taxed?

My main question is: How is it worth being an independent contractor full-time if you have to pay this much tax? It's worth it because the general "rule" is that if you're an independent contractor your income should be twice what a salaried person would receive to pay for all of the thin...
by freebeer
Thu Feb 23, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would I have legal standing? Severence
Replies: 12
Views: 1839

Re: Would I have legal standing? Severence

No. Not covered under a collective bargaining agreement. But hypothesizing coworkers being offered severance A in a change of control situation rather than financial issues. Just wondering how best to approach a situation if I were offered severance B. Do I inquire myself at the time? Would I be be...
by freebeer
Thu Feb 23, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP (High Deductible Health Plan) via ACA for self-employed, HNW?
Replies: 3
Views: 262

HDHP (High Deductible Health Plan) via ACA for self-employed, HNW?

I will soon no longer be covered via ex-DW employer health care. I have also just transitioned to self-employed with lowish six-figure expected income but will have to get my own medical insurance via ACA. Seven-figure net worth. I am mid-50's in excellent health, only medication is a statin to opti...
by freebeer
Wed Feb 22, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Anxiety about buying used car
Replies: 50
Views: 3175

Re: Anxiety about buying used car

I will be in the market for a used car later this year. My teen has a learner's permit and hopefully will get her license in late fall when she's old enough to take the test. Since the teen attends a nearby private school without bus service, we are eager for her to have a vehicle. I'm going to let...
by freebeer
Wed Feb 22, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 6844

Re: Need advice on girlfriend debt/finances

So my girlfriend and I live in my house I bought in 2010. ... Just realize that absent any clear written understanding to the contrary you may already be in what could later be termed a "Committed Intimate Relationship", "meretricious relationship" or "Marvin relationship&q...
by freebeer
Wed Feb 22, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 9917

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

AlohaJoe The question for Ireland was because it wasn't invaded or bombed, Norway was invaded and occupied-- part of the ring around Europe. Norway fared better after the war, while Ireland still faltered, thus the concern. If a neutral power that didn't take a hit during the conflict couldn't meet...
by freebeer
Tue Feb 21, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett v. Bogleheads
Replies: 40
Views: 4189

Re: Warren Buffet v. Bogleheads

A common quote that I see floating around here is Warren Buffet's famous "be fearful when others are greedy, and be greedy when others are fearful". Sounds like words of wisdom, but I just realized that is market timing. How do Bogleheads reconcile this? fantasytensai, Are you a troll or ...
by freebeer
Sun Feb 19, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 9917

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

... I'm quickly finding that many BHs are very pessimistic about the future. If you can afford a 3% WR, then that's totally fine. My concern is that the pessimism that some have about the future may lead those who aren't so well versed in this topic (many lurkers on this site) to think "25 tim...
by freebeer
Mon Feb 13, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10380

Re: Who would quit playing if they already won?

I am retired with a typical 60/40 stock/bond allocation. Happy to ride into the sunset with this portfolio. The mind is a terrible instrument when it starts thinking and thinking but I can't get this line out of my mind. "Why play the game if you already won" thank you Dr Bernstein (met h...
by freebeer
Sun Feb 12, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: The Ned Said Effect strikes again
Replies: 52
Views: 3806

Re: The Ned Said Effect strikes again

I have quite often posted about the so-called Nedsaid effect which occurs when the investment you sell does better than what you bought to replace it. Recently I trimmed my position in Applied Materials selling shares at $31.79 a share. With the proceeds and cash left over from dividends, I added t...
by freebeer
Sun Feb 12, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Which 25X is it? [Planning for retirement]
Replies: 51
Views: 3047

Re: Which 25X is it? [Planning for retirement]

We discussed this one of your previous threads, but I would use a 2-bucket approach to early retirement: Answer "B" for years before start of SS benefits Answer "C" for years after start of SS. So I have 100% of living expenses for my 6 years between retirement and date of start...
by freebeer
Sun Feb 05, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 4586

Re: Do you account for likely life expectancy in retirement?

VictoriaF wrote:Reti... an earlier retirement leads to a longer life, and a later retirement shortens the total lifespan.


Is there evidence supporting this contention?

Because, I always hear the opposite (early retirement => boredom => earlier death).
by freebeer
Sat Feb 04, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1504

Re: Solo 401(k) purely to receive rollovers?

I think that means that an individual can open a solo 401(k) as an alternative to a tIRA to receive rollovers (e.g. from past 401(k)s with undesirable investment choices, or even from a tIRA), even if their actual SE income is 0. No, they can't. A 401k can only be opened by a business - for an indi...
by freebeer
Mon Jan 30, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 9727

Re: Risk tolerance when you meet your number

Our approach is one that says we could do about the most conservative thing and be OK, but that the thrust of investing sites is that the market goes up over the long haul. We have a "stop loss" percentage that would result in us having enough if the market went down to that point. We are...
by freebeer
Sun Jan 29, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Backtesting Home Prices against regular investments
Replies: 34
Views: 2760

Re: Backtesting Home Prices against regular investments

,,,There is little question that the bond and stock markets are a much better investment than buying/selling homes! Here is the same comparison, while adding IT Bonds to the graph.... That chart is extremely compelling! The standard counter-argument I hear to "investing in stocks and bonds is ...
by freebeer
Sat Jan 28, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 5990

Re: where to retire?

I have been searching for a mild climate to retire. I live 1/2 mile from the beach in Southern California so looking for the good lifeCriteria: Excellent weather- don't care for much rain and no snow Seattle Washington Scottsdale, AZ Austin TX Bend, OR Portland, OR Albequerque, NM Hawaii but where?...
by freebeer
Mon Jan 23, 2017 1:37 am
Forum: Personal Consumer Issues
Topic: Electric Bicycles
Replies: 23
Views: 2191

Re: Electric Bicycles

Does anyone have an electric bicycle such as the Rad Power Bike? If you do, what are the pros & cons? https://www.radpowerbikes.com/ What do you mean "such the Rad Power bike?" ... are you asking about experiences with any type of electric bicycle or it some aspect of the Rad Power pr...
by freebeer
Sat Jan 21, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Non-compete for Independent Contractor
Replies: 19
Views: 1544

Re: Non-compete for Independent Contractor

My wife runs an acupuncture clinic and is ready to go on maternity leave. She interviewed a few candidates to cover here during this leave and found one who was great! Only one catch. This practitioner works for a PT company that has a non-compete clause within 15 miles for six months after termina...
by freebeer
Sun Jan 15, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4622

Re: Retired, expenses covered but still growing portfolio, why?

Several of our members have all their retirement living expenses covered by SS and pensions and continue to grow their low to mid 7 digit portfolios in retirement. For those individuals what if the purpose of continuing to grow these portfolios instead of using the funds to upgrade materials items,...
by freebeer
Thu Jan 05, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 5133

Re: How many $ to self fund long term care?

The problem is that the distribution of nursing home stays has a really long tail. It doesn't cut off. ... But, I would assume much of this is due to some nursing home patients entering at a relatively young age especially now with more early onset Alzheimer's being diagnosed. If that's the case th...
by freebeer
Thu Jan 05, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: selling property without real estate agent
Replies: 19
Views: 1460

Re: selling property without real estate agent

Yes, you can. And in this case, it probably makes sense to do the deal without an agent. The two parties will need to develop and sign a contract. A standard real estate contract is available via Google, but you could also draft something in Word and be just fine. You should specify: Price Closing ...
by freebeer
Thu Jan 05, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why S & P 500 fund is safer than Total Stock Market fund
Replies: 40
Views: 5356

Re: Why S & P 500 fund is safer than Total Stock Market fund

Here's my take on why the S & P 500 fund is safer than a total stock market fund. ... ... the S&P 500 is 80% of the stock market (in dollars), and therefore the total stock market just can't be terribly different from the S&P 500 . You can see this plainly to the eye here, where we char...
by freebeer
Wed Jan 04, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 5258

Re: Investing in a Masters and Ph.D?

as a general rule, no one should pay for a PhD. IMO, if you can't attend a funded program, you should not go. (Unless independently wealthy, and a lot of free time on your hands.) y professors urged me to get a Masters and Ph.D That was ~30 years ago. The world has changed since then. btw: academic...
by freebeer
Wed Jan 04, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6525

Re: spousal disagreement over how much house to buy

Go Blue 99 wrote:... Is this a situation where "happy wife, happy life" applies?


Yes, and don't go for the longer commute (I am in a 37 year old 2000 square foot house... but then again I am recently divorced so arguably an anti-pattern).
by freebeer
Wed Jan 04, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28082

Re: Whats your number to walk away?

If $2M fell from the sky and landed in front of me, I would put my 6 month notice in tomorrow morning. Would spend the next six months maxing out retirement accounts for the whole year and getting my 2017 Corvette Z06. The maxing out retirement accounts for 6 months sounds good but unless that $2M ...
by freebeer
Tue Jan 03, 2017 11:02 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28082

Re: Whats your number to walk away?

To me the relevant number is not the number that would TRIGGER me walking away it's the number that ENABLES me to walk away if need be. My current formula for that is spending needs x years to age 70 + residual spending above SS starting at 70 x 20. I am very lucky to be above that "F-U Money&...
by freebeer
Tue Jan 03, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28082

Re: Whats your number to walk away?

No number to walk away (I love what I do and am only mid-50's). If I had $15M I would probably adjust focus back to entrepreneur mode, or maybe even change to angel investor / VC mode, but that would still be work. Less than $15M I probably wouldn't change a thing, work-wise. To me the relevant numb...
by freebeer
Sat Dec 31, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19136

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Freebeer We didn't publish anything, was just an internal analysis ... Larry, with respect, you made a very strong statement: "We examined their claims and found that the ENTIRE benefit they found was due to starting with a low equity allocation, not from the rising equity allocation". I ...
by freebeer
Sat Dec 31, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: Almost made it through another year without breaking a rule- but then, we learned to Scuba
Replies: 31
Views: 2681

Re: Almost made it through another year without breaking a rule- but then, we learned to Scuba

There are some relatively inexpensive places to dive. Philippines and Thailand have great diving and boat dives are only $20 or so if you pre-pay for 10, if you go to an area that has many dive outfits (for Philippines, places like Moalboal or Puerto Galera) rather than fancy resorts. With Khao Lak ...
by freebeer
Thu Dec 29, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19136

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

...a) the arguments for higher equity in retirement as you move into it were presented in a paper by Kitces and another author. We examined their claims and found that the ENTIRE benefit they found was due to starting with a low equity allocation, not from the rising equity allocation. ... thanks f...
by freebeer
Thu Dec 29, 2016 10:52 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19136

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

... For a 65-year old he says that "the rest of your life" is 20 years. Do you really, truly believe that 20 years is a fair definition of "the rest of your life"? . He didn't say that. The article suggests that a "rule of thumb" is that a 65 year old should have at le...
by freebeer
Mon Dec 26, 2016 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 191
Views: 21956

Re: Your Retirement Number, or, calculating the funding ratio

If you are going to have any strategy, including a retirement strategy, you need a goal. The pertinent goal for a retirement financial strategy is a retirement income goal. You are unlikely to get somewhere, if you don't know where you are going. :oops: ... I think the reality is that most of us wi...
by freebeer
Sun Dec 25, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - do we still need it?
Replies: 36
Views: 4031

Re: Umbrella Policy - do we still need it?

You have health insurance? Now, put the shoe on the other foot - someone gets hurt because they fell in front of your home (sidewalk was obstructed, in disrepair, you were backing or driving out of your driveway and hit the person, etc.) and cracked their head - they don't have health insurance. Th...
by freebeer
Thu Dec 22, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 6938

Re: Are my parents in good hands with this adviser?

My translation into plain English: His costs are 0.63%. (ask him how he gets paid. I expect this 0.63% is only the expense ratio component)... +1 to that. Your parents should get a list of specific investments and amounts (they can ask for something as per https://www.bogleheads.org/forum/viewtopic...
by freebeer
Sat Dec 10, 2016 12:29 am
Forum: Personal Consumer Issues
Topic: New Home Purchase - Property Boundary
Replies: 14
Views: 1194

Re: New Home Purchase - Property Boundary

... the slice given up is on the left side of our driveway, so extreme that if I stepped out of my car onto the grass, I would be on my neighbor's property. ... We walked the property boundary as we knew it to be with their realtor, based on the pin placement... I'm not sure what you meant by this....
by freebeer
Fri Dec 09, 2016 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home!
Replies: 35
Views: 3444

Re: Buying a home!

[quote="Mademoisellebogleheads"]... (my first home)... $925,000 (on the market 60 days, no offers yet) Offer $805,000 (I think it's actually worth only $790,000)... Down payment 3.5%.../quote] If you can't afford 20% down it doens't make sense to buy a home that's in such a high price brac...
by freebeer
Mon Nov 28, 2016 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: 3.10% Guaranteed 5 year Fixed rate annuity
Replies: 6
Views: 1227

Re: 3.10% Guaranteed 5 year Fixed rate annuity

I have purchased SPIAS thru ImmediateAnnuities.Com, a good reliable company. I received this email today which you may wish to investigate. I am not recommending it as it does not meet my goals....just passing it on for those of you who may be interested. Earn 3.10% Per Year Guaranteed For 5 Years*...
by freebeer
Mon Nov 28, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2723

Re: How to discuss salary offer as a manager?

... it's unlikely I'd be able to hire an external candidate at this level, so we need to make this work... it sounds like you did not really get full "approval to fill a position" because you are admitting that the budget does not permit hiring someone at market rate (aka external candida...
by freebeer
Fri Nov 18, 2016 11:19 pm
Forum: Investing - Theory, News & General
Topic: Why are bonds dropping? They are supposed to be safe.
Replies: 171
Views: 20889

Re: Why are bonds dropping? They are supposed to be safe.

I've read the explanations about why I should not worry that my short term bond fund is worth less than it was a year ago (the "point of indifference" above may be a good one). I knew it could happen and am not surprised that it did. But I still can't help being disgusted. This is not wha...
by freebeer
Thu Nov 10, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 12971

Re: Which state to move for milder weather

My top list for mild-weather tech hubs would be Austin, Atlanta, and Raleigh-Durham. You might also consider Seattle, which doesn't get nearly as cold as you're used to in Michigan. ' Yeah we have had a week of 60+ high temps and expect at least one more day. OK that's a 120-year record but still.....
by freebeer
Sun Nov 06, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA subsidies not available if elgible for Cobra?
Replies: 15
Views: 1638

Re: 2017 ACA subsidies not available if elgible for Cobra?

From healthcare.gov " ... If you decide not to take COBRA coverage, you can enroll in a Marketplace plan instead. ... " https://www.healthcare.gov/unemployed/cobra-coverage/ That particular ship has already sailed. The OP already chose to take COBRA coverage. See: "I am currently on ...
by freebeer
Thu Nov 03, 2016 11:17 pm
Forum: Personal Consumer Issues
Topic: Secure alternative to Gmail
Replies: 48
Views: 6916

Re: Threat concern

1) Governmental monitoring (foreign governments/actors) which might impact my future travel & the security of my email recipients in other countries (fully aware that innocent remarks can be misinterpreted or abused). 2) Identity theft. But realize that horse has left the barn, since much of ou...
by freebeer
Sat Oct 29, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: retirement readiness = residual living expenses + funding the gap?
Replies: 56
Views: 6677

Re: retirement readiness = residual living expenses + funding the gap?

I wanted to revisit this post to flip my original question. Suppose that one wants to, instead of calculating "The Number" needed to fund a given level of retirement spending, calculate what spending can be safely done for a given portfolio given that SS will be kicking in in N years. To ...
by freebeer
Sat Oct 29, 2016 2:23 am
Forum: Personal Finance (Not Investing)
Topic: retirement readiness = residual living expenses + funding the gap?
Replies: 56
Views: 6677

Re: retirement readiness = residual living expenses + funding the gap?

I wanted to revisit this post to flip my original question. Suppose that one wants to, instead of calculating "The Number" needed to fund a given level of retirement spending, calculate what spending can be safely done for a given portfolio given that SS will be kicking in in N years. To g...
by freebeer
Thu Oct 27, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 10768

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

My only beef with MMM is that "early retirement" is not at all what he's done and I think it's a bad term to use to recommend his flavor of lifestyle to others.. He wrote you a post about that. http://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police/ ...

Go to advanced search