Search found 1893 matches

by freebeer
Wed Nov 22, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 151
Views: 9963

Re: Why not take Social Security at 62

Hi all, Although this decision is a ways off for me, I am doing a little math and research regarding when it's "best" to take Social Security. Most of what I find on the web says to wait at least until age 67 (my full benefit age). I am having a difficult time making the math justify most of what I...
by freebeer
Mon Nov 20, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 90
Views: 4756

Re: Uber for someone who knows only taxis

I should have added: My recommendation is to have BOTH Lyft and Uber apps on your phone. If one has surge pricing or the wait is too long you can try the other. I usually start with Lyft first now. I know others that hit both almost simultaneously to see which will come faster (although I don't bel...
by freebeer
Thu Nov 16, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1924

Re: RE sale: long close vs. bird-in-hand

Just noticed, in my opinion, a problem with Option A - they will occupy the house for six months before settlement - which gives them lots of time to "find" alleged problems with the house that they might demand be "fixed" at your expense before final settlement. Yes that is a risk and, certainly, ...
by freebeer
Thu Nov 16, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1924

Re: RE sale: long close vs. bird-in-hand

I should have noted also - part of this is that I have been a bit torn about selling vs. holding for renting. As a rental it cash flows positive with 15-year mortgage which means I'm pocketing a few hundred net plus several times that in monthly paydown of principal. So if the Offer A thing ultimate...
by freebeer
Thu Nov 16, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1924

Re: RE sale: long close vs. bird-in-hand

I'm a Seattle area homeowner and can't imagine taking Option A. They want to buy a year from now, live in it 6 months, sell their current home first. The only reason to consider such terms would be in a horrible market, with a undesirable home. And you're looking to hedge this bad deal with options...
by freebeer
Thu Nov 16, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1924

Re: RE sale: long close vs. bird-in-hand

Who has the greater sense of urgency with Option A - you or the buyers? meaning, if you request that they waive the need to sell their home first then you will go with them; otherwise you will do Option B. call their bluff? You could also tell Option A people you'll take a few grand less if they ju...
by freebeer
Thu Nov 16, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1924

RE sale: long close vs. bird-in-hand

I am selling a home (presently rented) and after some time on the market have two good offers. Home is in a desirable area, it's a seller's market (Seattle area). Both offers are from very qualified buyers. Offer A is superior in price, in terms of net proceeds that works out to about 12% better (in...
by freebeer
Wed Nov 15, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2702

Re: Is treating all accounts as one bucket really simpler

It's true that whether one does e.g. 60/40 stocks/bonds or something else one generally is re-balancing based on nominal dollar amounts which don't match the "worth" of the funds since as you wrote a Roth $1 is worth more in terms of future spendable income than a trad 401K $1, etc. But to me it see...
by freebeer
Sat Nov 11, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4020

Re: Inexpensive house or condo as home base (MKE?)

Why not get a condo suitable for Airbnb and set it up with a co-host who runs it while you are not there and as part of that also picks up and forwards/stores mail? Then you get income and the place is occupied and you have storage for your stuff. And a permanent US address. https://www.zeonamcintyr...
by freebeer
Fri Nov 10, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 4010

Re: Septic tank - deal killer?

... I was on-board with the purchase, until I learned this house still has a septic tank. ... Even if it never failed I think it would make it harder to sell the house in the future.... I own two properties on septic systems First of all the things to be concerned about isn't the tank it's the drai...
by freebeer
Thu Nov 09, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: In 40s and no retirement [US ex-pat in Brazil]
Replies: 28
Views: 3083

Re: In 40s and no retirement [US ex-pat in Brazil]

If you can "opt in" to social security for either you it will provide you the best longevity insurance around... Is this true? I haven't seen any comparison of ROI of contributing to social security vs. say taking what would have been contributions and investing it and then say buying an SPIA. And ...
by freebeer
Tue Nov 07, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: BH Ideal net worth allocation
Replies: 22
Views: 2862

Re: BH Ideal net worth allocation

I currently have about 78% of my net worth tied up in my house (this includes equity), 13% is cash in an online savings, and 9% is in retirement funds (457k, Roth Ira Vanguard TD fund). I am 33 years old. I know i have way too much in my house at this point, but what is the ideal allocation for BH?...
by freebeer
Fri Nov 03, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: college kid - give car or put back on my insurance?
Replies: 12
Views: 856

Re: college kid - give car or put back on my insurance?

Thanks for all the comments and information. While there's clearly diversity of opinions the comments combined with a bit more searching on my own have come down with a clear answer based on the following factors: 1. In many states, vehicle owners have "vicarious liability" for actions of other driv...
by freebeer
Thu Nov 02, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: college kid - give car or put back on my insurance?
Replies: 12
Views: 856

college kid - give car or put back on my insurance?

Son currently junior in college, he will live off campus starting soon and he and I could both like him to have my 11-year-old car (2007 CR-V), he would drive it cross-country and I have no real expectation of getting it back. But nor does he necessarily expect it to be a gift to him. It's low miles...
by freebeer
Wed Nov 01, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?
Replies: 27
Views: 1043

Re: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?

I could do way way better sticking the $750k back into the Vanguard portfolio. To date this year is yielding 7.8% :D To be fair, you should compare to CD rates. Then the return wouldn't look that terrible. If you are getting yearly payouts, what does buying 1, 2, ..., 9 and 10 year CD's look like? ...
by freebeer
Fri Oct 27, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: International Returns this month
Replies: 19
Views: 1702

Re: International Returns this month

...my 25% international allocation; mostly VIAIX but also the European Index (VEUSX), the actively managed international growth (VWIGX), and the dividend ETFs in my IRA (VIGI & VYMI)... What is the rationale for your overall tilts in international vs. a market-weight exposure like Total Internation...
by freebeer
Wed Oct 25, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14954

Re: Does anyone here with net worths north of $1 mil use financial advisors?

There is nothing I think that a FA could do for us. We have a moderately simple portfolio all housed at Vanguard. ... Although I don't use a FA, I strongly believe they can bring significant value to those unable or unwilling to manage their portfolios. This site represents a segment of do-it-yours...
by freebeer
Sun Oct 22, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire early?
Replies: 9
Views: 2510

Re: Can I retire early?

... What I need to cover expenses after start of SS and all pensions. I need to fund this based on a 4% withdrawal rate (I.e. I need 25X my expenses above SS and pensions). 2. What I need to cover expenses between retirement and start of SS. I fund this at 100%. ..., will take SS (55,000) at 70.......
by freebeer
Sat Oct 21, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Returning only the signature page [of a legal document]
Replies: 12
Views: 1138

Re: Returning only the signature page [of a legal document]

There is always a paper trail, or in this case, a trail of emails. You always have the email to look back to if you need to "prove" what the terms were that you signed onto. Also, even if you scan and mail a copy over, there is still the original hard-copy floating around somewhere. Exactly. Of cou...
by freebeer
Mon Oct 09, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 15117

Re: [Boglehead vs Mr Money Mustache philosophies]

... if you do, and you realize you don't have to be an economic serf your whole life, it's incredibly liberating. This. MMM (and followers) seem to consider traditional employment, i.e. having a job, to be "economic serfdom". And for those who hate or at least don't particularly like their jobs, th...
by freebeer
Thu Oct 05, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14976

Re: Bay Area Real Estate

gloss151 wrote:
Tue Sep 26, 2017 10:04 am
...
...so long as you meet the following net worth metric after buying you can afford to buy.

Expected Net Worth = Age(years) * total_income * 10%
And the source for this net worth metric is... ??
by freebeer
Tue Oct 03, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1755

Re: Visiting Paris - should we buy tickets in advance?

If you want to see the Catacombs then I would recommend getting the tickets in advance. We tried to do that at the last minute without tickets but gave up because the line was so long and barely moving. I'm guessing this was not in November. And probably not early in the day. I visited Catacombs wi...
by freebeer
Fri Sep 29, 2017 1:10 am
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 4688

Re: Which bogleheads have a "high need to take risk"?

If you don't mind the possibility of having to work much longer in the worst case, why not decide to work a few years longer in any case and be sure you'll be done by then? Definitely a good point. I suppose being 100% stocks increase the range of when i might be able to retire (e.g. 15-20 years aw...
by freebeer
Wed Sep 27, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6691

Re: I'm shocked!

I asked her bank advisor what % is she paying for his services and he said there are no charges. This is a deceptive answer. He may not be charging an ongoing fee, but investing through a bank is expensive. The bank makes some money and so does the companies he's using for the investments... +1 to ...
by freebeer
Thu Sep 21, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2456

Re: Tenant wants to break contract. How much to pay an attorney?

You should view that first letter from the tenant as the beginning of a negotiation. The tenant's attorney certainly knows what the contract says and that he'll likely lose if you do pursue it in court. No one wants to pursue something like this in court. Both sides know it would be time-consuming ...
by freebeer
Wed Sep 20, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17060

Re: Who has needed to use their umbrella insurance?

...The loss ratio on umbrella really is in that 20% to 50% range. So it's higher profit margin than your homeowners or auto (those are more like 60%+) but it's reasonable. Why is 20% reasonable vs 60% plus for homeowners and auto? Maybe not quite ""scam" but not exactly a great deal for the consume...
by freebeer
Wed Sep 20, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1836

Re: What say ye... 60/40 or 65/35?

+1 that is does not really matter, especcialy when it is small when compared to your total portfolio. But FYI, in Bernstein's Four Pillars , a book that is generally well-regarded here, he states clearly that ALL assets should be included in your asset allocation, including EF, 529s, etc. Yes, and ...
by freebeer
Wed Sep 20, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5861

Re: What is FI if you love your job?

For most people, their income stays stagnant or goes down after 40 years old... Do you have data to support this? I could find Payscale.com data that women's real income peaks at 39 and then matches inflation, and men's real income doesn't peak until 48. Nominal incomes grow for both genders well a...
by freebeer
Tue Sep 19, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12982

Re: Any "average Joe" here actually make out well with individual stocks?

HI, not looking for strategies as that for the most part I have given up on individual stocks.. just wondering if anyone here besides a "Warren Buffet" person can claim it work out for them? ... For example, I bought STOR a few months ago solely on the fact that Buffet bought it. It so far has been...
by freebeer
Sun Sep 17, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5861

Re: What is FI if you love your job?

For most people, their income stays stagnant or goes down after 40 years old... Do you have data to support this? I could find Payscale.com data that women's real income peaks at 39 and then matches inflation, and men's real income doesn't peak until 48. Nominal incomes grow for both genders well a...
by freebeer
Sat Sep 16, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5705

Re: Lawyer overbilling for prenup review

If the time limit you specified included the language "or so" and the 1-2 hour estimate is your estimate and not his in writing, you may have little to stand on. His defense is that you wanted a job done and he did that job responsibly... Yes we here on this forum don't know if this was a complex p...
by freebeer
Wed Sep 13, 2017 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9328

Re: Retirees-anyone miscalculate how much was needed?

...The sooner you retire, the healthier you start living and the farther your date of death moves. Is there data that supports the proposition that early retirees live longer? I have heard this type of thing stated but I have also heard that a lot of early retirees soon die ... and everything I've ...
by freebeer
Fri Sep 08, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal -> Before retirement Age
Replies: 35
Views: 3695

Re: Variable Percentage Withdrawal -> Before retirement Age

...If I follow the VPW methodology, how do I cover the years before 67 years old? A) Allocate 30K per year between 57 to 67 and start using VPW at 57. Reserve 300K. VPW portfolio = 1.2 million ... Option A is sensible. BUT, it is a bit conservative to assume 0% real return over the 10 years. It wou...
by freebeer
Fri Sep 08, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 4044

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

Even if the contracts were ironclad, which is doubtful especially for an as-yet unbuilt facility, big companies can and do tell little guys to pound sand ... since you can't afford the cost and time of a protracted legal action you have little recourse but to settle for a fraction of the contracted ...
by freebeer
Wed Sep 06, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5962

Re: Wife believes 7+% returns from stock market are guaranteed

My wife and I argue a lot about how to invest our money. I am more conservative while she is riskier. Recently we bought a house with all cash. She thinks we should have got a mortgage and put our money in the stock market. My response is if stock market guarantees 7+% returns then why do banks len...
by freebeer
Wed Sep 06, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8373

Re: Safe Withdrawal Rate -> 2% or lower

...I'm basing all my projections on the need for a withdrawal rate sustainable indefinitely. I will not plan for a 30 year retirement and end up broke with another 50 years to live. Which means you may end up with a 20 year retirement because you worked 10 years longer to fund the 50+ years that th...
by freebeer
Tue Sep 05, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Seattle in 3 days
Replies: 38
Views: 2894

Re: Seattle in 3 days

Lived in the Seattle for 30+ years, a few comments: 1) If you can swing it, stay in the Edgewater Hotel. 2) Skip the Space Needle, you can get this view from other places. 3) Skip the original Starbucks, waste of time 4) Take the Bainbridge ferry, if you want to get out on the water (I think the wa...
by freebeer
Tue Sep 05, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8373

Re: Safe Withdrawal Rate -> 2% or lower

... If you have legacy or charity goals that are really important to you, then you should keep in mind that your real "number" is infinite. in that case, you could set up a reasonable portfolio for yourself with 30X expenses, and then invest anything on top of that in the S&P500. This sounds like i...
by freebeer
Tue Sep 05, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 1928

Re: Questions about drawing up a prenuptial agreement in California

What I am more interested in is whether I can keep my 401k in the event of a divorce. A work-around might be to roll the 401K into a TIRA right before you marry and specify beneficiaries for the account. Then you can continue contributing to the 401K with future contributions going to your spouse. ...
by freebeer
Tue Sep 05, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8373

Re: Safe Withdrawal Rate -> 2% or lower

But there is certainly no reason to be significantly *less* aggressive than 60/40 with a 2% withdrawal rate. If you don't care about heirs/bequests then of course you could be more conservative just as you could also burn a $100 bill every night before going to bed. It seems there are two kinds of ...
by freebeer
Tue Sep 05, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8373

Re: Safe Withdrawal Rate -> 2% or lower

But there is certainly no reason to be significantly *less* aggressive than 60/40 with a 2% withdrawal rate. If you don't care about heirs/bequests then of course you could be more conservative just as you could also burn a $100 bill every night before going to bed. It seems there are two kinds of ...
by freebeer
Mon Sep 04, 2017 11:59 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8373

Re: Safe Withdrawal Rate -> 2% or lower

...portfolio construction for a very safe withdrawal. But, does that make any sense if your withdrawal rate is 2% or lower? Won't simple 60/40 portfolio works? There must be a gap in my thinking. For example, if the social security cover 50% of a person's retirement expense and the portfolio is 50X...
by freebeer
Thu Aug 31, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Spinning off 23 Year Old Son (Car)
Replies: 17
Views: 1398

Re: Spinning off 23 Year Old Son (Car)

... it makes the case that as long as you take a "child" as a tax deduction dependent, you're liable. It makes little sense to posit about this (or just about any other legal issue) that someone is or is not liable unless the discussion is limited to a particular state. And even then the answer may...
by freebeer
Wed Aug 30, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8575

Re: Relative angry I will not co-sign

...Co-signers end up paying some portion of the debt about 60% of the time... What's your source for that? I can find reported that 4/10 co-signers regret doing so but it wasn't clear that this meant 40% paid. And it seems the percentage varies widely depending in type of loan. I would guess mortga...
by freebeer
Mon Aug 28, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17526

Re: What should the savings be for an average professional

... how much an average earning professional like an engineer or accountant should have saved after working for 20 years... should have around $450K - $500K saved including their retirement accounts ( not including home equity). He laughed at the suggestion and said 150K-200K is more like it in the...
by freebeer
Sun Aug 27, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Salary History for Chemical Engineer
Replies: 30
Views: 5093

Re: Salary History for Chemical Engineer

glassdoor should tell you salaries by years of experience in your particular industry / your employer and its peers. that's likely going to be much more relevant than advice on this much more general forum.
by freebeer
Sun Aug 20, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 14476

Re: I own no international stocks. Can you guess why?

Taylor, it's because you are a wiser older man :D . Who like many older men have advice that is a perfect fit for somebody facing the exact same situation that they faced. So, advice about how to deal with a bully at school or how to clean out a carburetor might still be useful. However, a younger ...
by freebeer
Fri Aug 18, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12672

Re: How I use I-ORP, and who shouldn't

munemaker wrote: ...converting $50K per year for two years provided a larger estate than converting $20K for five years. This is the effect of rate of return in the Roth account which I set to be higher than that of a tax deferred account. My assumption is that many people, myself included, primari...
by freebeer
Fri Aug 18, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 1730

Re: How do you know how much your portfolio lost/gain in one day?

With all due respect, nobody that said they lost 7K, 13K or whatever yesterday, lost a single penny... With all due respect, you may choose to reserve the term "loss" for a realized loss but that does not mean everyone else will be using it likewise. OP asked about "how much your portfolio lost/gai...
by freebeer
Thu Aug 17, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11293

Re: Anyone planning on never retiring?

People who do not enjoy their retirement make two mistakes: 1. They retire FROM, not TO. 2. They retire too LATE, not too EARLY. To clarify: 1. When you have something to retire TO, you are waiting for the earliest opportunity to do so. You are planning and anticipating and are excited to do things...