Search found 1593 matches

by freebeer
Wed Aug 24, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 42
Views: 5858

Re: Retirement: Where $200K Will Last 30 Years

Much as I like to pretend I will be living on a beach in the Caribbean, the USA is still my favorite country for retirement. If you live the same lifestyle in Belize as you do in seattle, it will cost about the same. It's cheaper to live those places because their standard of living is lower... As ...
by freebeer
Wed Aug 24, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 42
Views: 5858

Re: Retirement: Where $200K Will Last 30 Years

Much as I like to pretend I will be living on a beach in the Caribbean, the USA is still my favorite country for retirement. If you live the same lifestyle in Belize as you do in seattle, it will cost about the same. It's cheaper to live those places because their standard of living is lower... As ...
by freebeer
Mon Aug 22, 2016 1:30 pm
Forum: Personal Consumer Issues
Topic: Best/safest/easiest way to send sensitive files to another person over the internet?
Replies: 40
Views: 2419

Re: Best/safest/easiest way to send sensitive files to another person over the internet?

I edited my original post to specify that while I initially said "best/most secure," I should have stipulated that ease is critically important as well, since the person who will be sending the files to me is an elderly relative. This person could handle the Word password, Google drive, D...
by freebeer
Sun Aug 14, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3679

Re: HOA Ruling

As others noted, a specific restriction in the covenants can't be contravened by a Board decision and my guess is after they agreed 12x16 was OK some owner pointed that out to them and they rescinded the policy. IANAL but I don't think you have any legal leg to stand on. But given your neighbor's 12...
by freebeer
Wed Aug 10, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Airbnb rental review
Replies: 32
Views: 3341

Re: Airbnb rental review

but the boomerang of low ratings causing problems for users is a real thing (my first Airbnb stay I left a mixed review because the (absentee) host had grossly mischaracterized her place, and I got a retaliatory bad review that dogged me for quite a while until I'd accumulated a bunch of glowing on...
by freebeer
Wed Aug 10, 2016 11:36 am
Forum: Personal Consumer Issues
Topic: Airbnb rental review
Replies: 32
Views: 3341

Re: Airbnb rental review

If the expectation for Airbnb is that everyone gets 5 stars then what is the point of having stars? IMO - 5 stars means you would strongly recommend, 4 stars is you recommend with some reservations, 3 stars is neutral - you wouldn't recommend but you wouldn't actively tell Exactly. EBay style star ...
by freebeer
Sun Aug 07, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: 10 year certain annuity as a bridge to Social Security
Replies: 11
Views: 1098

Re: 10 year certain annuity as a bridge to Social Security

I am very ignorant on annuities but it seems to me for someone retiring in their 50s a 10 year certain annuity might make sense as a bridge to Social Security. But what are the downsides or is it even doable? Are the payments taxable to you have to use taxed savings or can you use tax deferred? Any...
by freebeer
Thu Aug 04, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling 1/2 share of home advice
Replies: 13
Views: 944

Re: Selling 1/2 share of home advice

The third party would not be buying the home but buying a tenant-in-common interest in it. In my understanding TIC interests in a single-family residence are not really marketable (it would be different if it were a multi-unit property, especially in an area like San Francisco, that has developed a ...
by freebeer
Thu Aug 04, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: "4% Rule" ...is broken? [argumentative]
Replies: 150
Views: 8583

Re: "4% Rule" ...is broken? [argumentative]

But now they are arguing 25x is not enough. If one retires when one has only 25 times his barebones basic needs to live, this might be true. Bogleheads are smart people; they ...retire when they have accumulated 25 times their residual planned budget (including taxes), above their base income... I ...
by freebeer
Tue Aug 02, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Significant Salary Discrepancy
Replies: 26
Views: 3459

Re: Significant Salary Discrepancy

My guess is that your do-workers made more in their previous positions than you due to their amount of experience as well. This isn't always fair, but it is often how things work. Many companies use salary bands - using totally arbitrary numbers, a level I should make between 1-5 with a midpoint of...
by freebeer
Tue Aug 02, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Electrical Engineering OR Computer Science?
Replies: 52
Views: 2932

Re: Electrical Engineering OR Computer Science?

...But if he's really thinking about getting into software development, then really do CS or at least an EECS type degree that skews that way vs. towards EE stuff (and I don't mean just a CS minor although that would be OK). As others have noted, a lot depends on the area of specialization. To that...
by freebeer
Mon Aug 01, 2016 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Need support during rougher period
Replies: 9
Views: 1317

Re: Need support during rougher period

You are experiencing a period of sanity during which you recognize that a bull market is getting crazy and will not last a lot longer. This sanity is rejected by many people, especially those who express disdain for any logical assessment of market direction and declare it unknowable. There are sev...
by freebeer
Mon Aug 01, 2016 6:35 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 6607

Re: Should I flip my neighbor's house to save the neighborhood?

... The back yard is becoming overgrown, wood gutters and porch are rotted out, the roof needs to be replaced, and at least one of the chimneys looks close to collapse. Who knows what vermin is starting to move into the house. I would much rather prefer if someone swooped in, bought the house, and ...
by freebeer
Mon Aug 01, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Electrical Engineering OR Computer Science?
Replies: 52
Views: 2932

Re: Electrical Engineering OR Computer Science?

If you have an EE degree, you can get a programming job. If you have a CS degree, it is unlikely that you can get an engineering job. I'd lean towards an Engineering major with CS minor. And this is coming from a CS major. The point is valid, but speaking as another CS major, I feel the EE grads ar...
by freebeer
Thu Jul 21, 2016 11:49 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 7000

Re: HOA Swimming Pool Trespassing Issue

BolderBoy wrote:... I don't have kids and have zero sympathy for how they may think...


Uh... but you WERE a kid once... hopefully you still have some recollection of how you thought (or didn't think...) back then...
by freebeer
Mon Jul 18, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Scary thought. Running out of time to save for retirement
Replies: 60
Views: 6384

Re: Scary thought. Running out of time to save for retirement

I just did a thought experiment with some numbers, and came up with a scary thought. Due to TVM, the sum of money that I reasonably can save for retirement between today (age 37) and retirement will be less than what I saved from age 23 to today. If I save at a reasonably aggressive level, about 1/...
by freebeer
Tue Jul 12, 2016 4:28 am
Forum: Investing - Help with Personal Investments
Topic: This portfolio appropriate for a 91 year old widow?
Replies: 26
Views: 2201

Re: This portfolio appropriate for a 91 year old widow?

I would consolidate CDs as they mature into one on-line banks and cash out the Well Fargo investment account and add it to the CD mix. If you want an online bank Ally Bank is a very good choice and makes it extraordinary easy to deal with CD purchase, rollover, and reallocation online. The Wells Fa...
by freebeer
Thu Jul 07, 2016 4:04 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10832

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

... When a person is well into retirement, they do indeed budget in nominal terms... What is the source for your statement? It would be interesting to see some behavioral psychology research on this and I wouldn't be surprised if here and now in the US that was the case but I haven't seen any resea...
by freebeer
Mon Jun 27, 2016 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement planning scrutiny for first time poster
Replies: 16
Views: 1228

Re: Retirement planning scrutiny for first time poster

... 1. Is it ok to treat my pension as a bond allocation considering it is a federal pension and is basically guaranteed? (hence no current bond allocation)... Congratulations on your progress and your sensible plan. There are many threads on this forum and elsewhere about treating Social Security ...
by freebeer
Sat Jun 25, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice (ego, startup, San Francisco Bay Area)
Replies: 52
Views: 5534

Re: Very tough career choice (ego, startup, San Francisco Bay Area)

... ...I just wanted to clarify I'm not "remote", in these past couple years I essentially hired a team of engineers in my town (and we formed an office with the biggest engineering presence, headquarter is full of sales and marketing folks), and I am at the moment managing all of them plu...
by freebeer
Sat Jun 18, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: REIT Allocation For a Renter
Replies: 5
Views: 623

Re: REIT Allocation For a Renter

If you have total stock market you have already a 2% REIT allocation. If you tilt to small-cap value you have more, it's nearly 10% REITs. So you might already be at 5%. And i'm not sure who has recommended 10% as "ideal" and on what basis - do you have any references? As, I don't think I'...
by freebeer
Sat Jun 11, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: Sea Kayak Worth it?
Replies: 9
Views: 1172

Re: Sea Kayak Worth it?

Make sure the one you get has a steerable rudder so that all your energy can be focused on propulsion and none wasted on steering.,,. this is a heavily debated point in the sea kayaking community. *something* is needed to help keep with tracking especially in a beam wind (the rudder really being mo...
by freebeer
Tue Jun 07, 2016 2:41 am
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable decline in spending as we age?
Replies: 72
Views: 4889

Re: What is a reasonable decline in spending as we age?

In planning for my retirement the most important thing to me is maximizing what we can do in the early years while providing the ability to pay for our care in the later years. To this end I have developed a basic spreadsheet modeling our after tax income from full retirement to death. I mostly foc...
by freebeer
Sun Jun 05, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Imputed Rental Income from Owned Home
Replies: 26
Views: 1995

Re: Calculating Imputed Rental Income from Owned Home

You left out a big cost, opportunity cost. VG's latest investment outlook forecast median 10-year real return for a 60/40 portfolio as 4.3%. That's $30,000/year you give up by having $700K tied up in the house. Maybe you will get half of that back as real appreciation. I would not count on that sin...
by freebeer
Sun Jun 05, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Imputed Rental Income from Owned Home
Replies: 26
Views: 1995

Re: Calculating Imputed Rental Income from Owned Home

@freebeer, I'm not being snarky, but wonder why you're thinking about this. I have a paid-off home and don't do anything other than have a mental note that I need to pay property taxes and maintenance, but don't have a mortgage. What am I missing? I posted this in "investing theory", sinc...
by freebeer
Sun Jun 05, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Imputed Rental Income from Owned Home
Replies: 26
Views: 1995

Calculating Imputed Rental Income from Owned Home

I''m curious if folks have ways they calculate the value of having a paid-off home. My thinking is below but I'd appreciate other perspectives. It seems the value of an owner-occupied home is not just the asset value plus expected return on capital but also that you are "receiving" the ben...
by freebeer
Wed Jun 01, 2016 11:26 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 332
Views: 35280

Re: New Book: Living off Your Money (Michael McClung)

The author is apparently trying to protect himself against loss of income. Not necessarily... maybe he hasn't heard of price elasticity of demand... the reason few books are $60 (other than mandated textbooks and specialized books needed by professionals) is that this price doesn't maximize income...
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: 5205

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: 9462

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: 8042

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: 8042

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: 8688

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: 8688

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: 8688

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: 8688

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: 6672

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: 20
Views: 1893

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: 5075

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: 2548

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: 2548

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: 10281

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: 10281

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: 5219

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: 5285

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: 1455

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: 1463

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: 72
Views: 8310

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: 5487

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: 4447

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: 2949

Re: Suburbs with high ownership

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


can you post the link?

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