Search found 1579 matches

by freebeer
Thu Jul 21, 2016 11:49 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6853

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: 6282

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: 2133

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: 10620

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: 1198

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: 5460

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: 591

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: 1144

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: 4753

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: 1909

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: 1909

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: 1909

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: 263
Views: 28115

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: 5163

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: 9358

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: 7897

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: 7897

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: 8535

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: 8535

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: 8535

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: 8535

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: 6617

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: 1845

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: 4996

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: 2495

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: 2495

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: 10045

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: 10045

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: 5076

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: 5183

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: 1441

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: 1434

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: 8152

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: 5419

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: 4393

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: 2918

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: 2228

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: 6385

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: 8023

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: 4498

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: 2228

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: 1780

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: 5226

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: 588

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: 1142

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: 2739

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: 6367

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: 9704

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: 2849

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: 1062

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...

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