Search found 1655 matches

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: 1105

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: 2575

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: 19407

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: 104
Views: 9911

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: 1453

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: 6234

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: 6249

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: 6249

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: 10029

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/ ...
by freebeer
Thu Oct 27, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Adding girlfriend under employer's health insurance plan
Replies: 26
Views: 2787

Re: Adding girlfriend under employer's health insurance plan

Just a fine point from personal experience that may not matter to you but FYI... the act of adding your girlfriend to your employer's health plan would likely be material evidence supporting a claim of a "Committed Intimate Relationship" in the future (in CA sometimes referred to as a &quo...
by freebeer
Thu Oct 27, 2016 10:52 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 10029

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

...I actually believe Mr. Money Mustasche is donating with all good intentions, and at least, with far, far better intentions than 99%, but the cynical side of me does ask why it happens now, and hasn't been donating to causes on all along as her clearly can afford it. Come on you don't have to won...
by freebeer
Thu Oct 27, 2016 12:13 am
Forum: Investing - Theory, News & General
Topic: The riskiness of home ownership
Replies: 239
Views: 15477

Re: The riskiness of home ownership

...2 rules ... 1) The house's price has to be 1/2 to 1/3 of your net worth excluding the house. ... KF, two questions about your rules: 1. Your rule 1 (quoted above) reads like it means NO MORE than 1/2 and NO LESS than 1/3 of net worth. But, I don't understand why it would be a rule not to buy a h...
by freebeer
Wed Oct 26, 2016 10:31 am
Forum: Investing - Theory, News & General
Topic: The riskiness of home ownership
Replies: 239
Views: 15477

Re: The riskiness of home ownership

...2 rules ... 1) The house's price has to be 1/2 to 1/3 of your net worth excluding the house. ... KF, two questions about your rules: 1. Your rule 1 (quoted above) reads like it means NO MORE than 1/2 and NO LESS than 1/3 of net worth. But, I don't understand why it would be a rule not to buy a h...
by freebeer
Sat Oct 22, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 6087

Re: Cheapskate for not flying business class?

OK, after a lifetime of scrimping and saving, I am now well into my retirement for the past 16 years, age 72, and I simply have a hard time to stomach paying some $120 extra per flying hour simply for an upgrade from Coach to Business. That's the differential on the long routes I normally travel. A...
by freebeer
Tue Oct 18, 2016 9:31 am
Forum: Investing - Theory, News & General
Topic: Worst Bear Market's 16 lost years: What's your risk tolerance, really really?
Replies: 68
Views: 6731

Re: Worst Bear Market's 16 lost years: What's your risk tolerance, really really?

...A repeat of those 16 lost years from 1966-82 would possibly doom my dreams of enjoying some luxury in retirement – I would have to settle for “comfortable and secure,” which is hardly the Spanish Inquisition but would still be disappointing. Sixteen lost years - what would a repeat mean for you?...
by freebeer
Mon Oct 17, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Money lessons for a 3 year old
Replies: 46
Views: 2893

Re: Money lessons for a 3 year old

My 3 year old is in a "I want that" phase and most of the stuff is small but I was thinking it could be a good time to teach her some basics of money. She has a piggy bank with about $35 in it. I'm also thinking about giving her an allowance. Maybe her age in dollars each week... Yes get ...
by freebeer
Mon Oct 10, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rental agent etiquette question
Replies: 13
Views: 2104

Re: Rental agent etiquette question

Well... I have a family situation here. I could have asked the agent to remove the listing so that I can save this unit for my family member. Since my agent has done quite a bit of leg work looking for a tenant, I really feel bad about pulling this on him, especially when he's a friend of a friend'...
by freebeer
Mon Oct 10, 2016 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: A Retiree's Conundrum - Can you help?
Replies: 21
Views: 3647

Re: A Retiree's Conundrum - Can you help?

... Your 1% annual savings draw is minimal; at that rate your savings should grow, not decline... My view is that at this point I am managing my savings portfolio for my children and for various charities. Based on this perspective, my AA is 75% equities and 25% bonds... This. Not that 75/25 is som...
by freebeer
Tue Oct 04, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging against divorce
Replies: 13
Views: 2845

Re: Hedging against divorce

With respect, none of the other responses so far are particularly relevant. Asset division in case of divorce and applicability of various factors including premarital relationship, pre- or post-nuptial agreements, etc. is a totally state-by-state matter in the United States. Even the 9 community pr...
by freebeer
Mon Oct 03, 2016 12:13 pm
Forum: Investing - Theory, News & General
Topic: What stocks can I buy when it comes to Marijuana?
Replies: 49
Views: 4738

Re: What stocks can I buy when it comes to Marijuana?

Fieldsy1024 wrote:I am just curious is VG has any of their own funds. If not, is it possible?


VWEHX ... if you are looking for "High Yield"
by freebeer
Sun Oct 02, 2016 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9477

Re: Beginner's guide to not getting con'd by Chase

Also, there is no way I am paying Chase 1.25%. No way.... You seem to think it is an option not to pay them the 1.25%. I don't think so. That is the agreement you made. I give you money, you charge me 1.25%, I get miles and points. It is a trade off and you have already made it. Perhaps you can rem...
by freebeer
Fri Sep 30, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 4390

Re: Retirement based on not on #, but healthcare?

,,, One benefit of Obamacare, as currently implemented, is that most folks who are younger than Medicare eligible, cannot be turned down because of health underwriting. While premiums can be higher because of age, such higher premiums are capped well below the age related premiums before the Obamac...
by freebeer
Wed Sep 28, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard Research - From Assets to Income in Retirement
Replies: 3
Views: 597

Re: Vanguard Research - From Assets to Income in Retirement

Variable spending with 5% ceiling and 2.5% floor seems to be a recommended option. I've seen tons of withdrawal algorithms including the "Variable Percentage WIthdrawal" (VPW) often discussed on this forum, but I don't recall seeing this exact one (I believe the VPW algorithm is not that s...
by freebeer
Wed Sep 28, 2016 7:56 am
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 8378

Re: Spouse concerned about buying luxury SUV

Spouse's Honda Odyssey died last week due to transmission issues (Around 203k miles) and we are in the market for new SUV. Kids are driving their own cars and we aren't considering minivans anymore. We are only considering Japanese SUVs. If it helps, other cars are Accord and Camry . We test drove ...
by freebeer
Wed Sep 28, 2016 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 48
Views: 5325

Re: Reason NOT to wait past 66 to take Social Security

Many valid reasons exist and are discussed frequently on this forum concerning when to take Social Security. Here's one I have not ever read about…… Leaving a legacy. Let's say our combined SS will be $3400.00/month at FRA (66). By the time every male in my family (seemingly) dies at approximately ...
by freebeer
Tue Sep 27, 2016 11:13 am
Forum: Investing - Theory, News & General
Topic: Variable SPIA: Why Not?
Replies: 18
Views: 1393

Re: Variable SPIA: Why Not?

... Fixed SPIA guarantees longevity cash flow. The primary reason for good payouts is NOT investment return but mortality credits. The survivors are guaranteed higher payouts primarily because of the shrinking pool, not first and foremost because of the yield on Treasuries. .... Well depending on y...
by freebeer
Mon Sep 26, 2016 9:12 am
Forum: Personal Consumer Issues
Topic: Stain Our Deck Before Winter - $3,000 or DIY?
Replies: 41
Views: 3452

Re: Stain Our Deck Before Winter - $3,000 or DIY?

We replaced our three decks two years ago, and had them painted with Arborcoat semi-solid stain. Two years later they are worn in places, and I'd like to re-stain before winter arrives in New England. I obtained quotes from a couple of local painters, and they are both around $3,000. Being newly re...
by freebeer
Sat Sep 24, 2016 2:11 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 2149

Re: How can markets be efficient if home prices are higher in the spring?

... But this is exactly my question. I have a decision to make about whether to sell now or wait until spring. Every Boglehead fiber in my body says to just sell it now, because the market price is the market price... Think about it this way, you probably wouldn't sell a stock or exchange-traded fu...
by freebeer
Sat Sep 24, 2016 1:20 pm
Forum: Personal Consumer Issues
Topic: How is your experience about buying home in SF bay area?
Replies: 18
Views: 2486

Re: How is your experience about buying home in SF bay area?

I'm always shocked when people say you don't get much for your money in the Bay Area. I bought my first home in Fremont in 2009...I then bought a 3 bed in 2011 in Milpitas and now I'm at a 4 bed in 2015 in Martinez... Congratulations on climbing up the property ladder! But, let's face it, Fremont, ...
by freebeer
Fri Sep 23, 2016 9:50 am
Forum: Personal Consumer Issues
Topic: Tenant responsible for appliances?
Replies: 20
Views: 1319

Re: Tenant responsible for appliances?

Uhm, did you notice that they said except for built-ins like washer/dryer/stove etc? Presumably this means like the toaster or the microwave they put on the island for you... And yeah, its legal. I can rent you an apartment with no appliances and you then get to put them all in your self. If you do...
by freebeer
Fri Sep 23, 2016 5:44 am
Forum: Personal Finance (Not Investing)
Topic: A Re-Financing No-Brainer, right???
Replies: 12
Views: 1535

Re: A Re-Financing No-Brainer, right???

It would seem to be a no-brainer that the refi offer is better than standing pat given your situation. However, it is not 100% clear to me that it's a no-brainer that you can't get a better re-fi deal on a 15-year mortgage than 2.54% with $3400 in closing costs. And of course it's never a no-brainer...
by freebeer
Wed Sep 21, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is this asset allocation fine or am I missing something?
Replies: 17
Views: 1311

Re: Is this asset allocation fine or am I missing something?

What is the rationale for having 14% of your stock allocation in preferred stocks? That's a new "tilt" on me. Tiltling 5% extra to emerging markets seems OK as long as you will stick with it. I hope it is not a new thing based on recent market declines in EM (narket chasing) but rather som...
by freebeer
Wed Sep 21, 2016 5:28 pm
Forum: Forum Issues and Administration
Topic: Proposal - create a public Slack channel
Replies: 4
Views: 996

Re: Proposal - create a public Slack channel

What would be the value?
by freebeer
Sun Sep 18, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough to retire comfortably? See my Excel model
Replies: 19
Views: 3330

Re: Am I saving enough to retire comfortably? See my Excel model

mindfulmania wrote:...
- Start at 90/10 stock/bond, falling over time to ~30% by age 63


What is the rational basis for choosing this glide path? Vanguard "Total Retirement" funds for example would not have anything like this. It would subject you both to lower expected real returns and to inflation risk.
by freebeer
Sun Sep 18, 2016 6:11 pm
Forum: Personal Consumer Issues
Topic: More on Scouting Retirement Locations
Replies: 35
Views: 3014

Re: More on Scouting Retirement Locations

I just finished reading the two recent threads on scouting retirement locations (zoo/aquarium leaning and liberal leaning searches) and made note of two items that were repeated by a few posters: (1) Southern Florida - sea levels rising making this location a no-go? what time frame are we speaking ...
by freebeer
Sun Sep 18, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding taxation in retirement
Replies: 8
Views: 1602

Re: Understanding taxation in retirement

Ignoring the rest of your questions, spending $80,000 after tax is excessive for this couple. Gill That is total baloney IMHO. This couple has $59K in pension + SS income so to spend $80K after tax they will need, what, $35K more max per year? They have investments of $1.7M so $35K is only 2% withd...
by freebeer
Sun Sep 18, 2016 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: how to contribute 53k to 401(k) as employed doc?
Replies: 40
Views: 2825

Re: how to contribute 53k to 401(k) as employed doc?

Thanks guys. To clarify, this would be an employed/staff position within a private practice, not a shareholder position. To my knowledge, all employees whether on staff or partner track have the same setup for this retirement plan, where they contribute 18k and group contributes the rest. Well it s...
by freebeer
Sun Sep 18, 2016 5:53 am
Forum: Personal Consumer Issues
Topic: Singapore Sling (Raffles Hotel) or Suntory Whisky (Park Hyatt Tokyo)?
Replies: 13
Views: 1126

Re: Singapore Sling (Raffles Hotel) or Suntory Whisky (Park Hyatt Tokyo)?

I've got a lot of PTO (paid time off) and it comes down to take it or lose it. I could take it, sit at home, and watch Judge Judy. Which kind of feels like a waste. So what to do? Good question. Go on vacation is the logical choice. So I'm half tempted to either go to Singapore and have a Singapore...
by freebeer
Sat Sep 17, 2016 1:16 am
Forum: Investing - Theory, News & General
Topic: Is Warren Buffett the ultimate free rider?
Replies: 23
Views: 4050

Re: Is Warren Buffett the ultimate free rider?

The freeriders are the owners of BRK shares who are not Warren Buffett. Like myself for the past 30 years. Warren did all the work, I just thoroughly enjoyed my free ride :-) Yeah I truly scratch my head at calling the entrepreneur in the equation a free rider. OK Warren didn't do ALL the work - hi...
by freebeer
Fri Sep 16, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 247
Views: 39946

Re: Do you really need 2.5 million to retire well?

I am surprised by the number of people who are comfortable that they can live well on $50,000/yr. Granted the definition of well is a bit squishy but after all the I have $3 million in investable assets threads these responses were unexpected. Median household income for my county is 32k and I see ...
by freebeer
Fri Sep 16, 2016 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Considering a 20% swing in my asset allocation
Replies: 41
Views: 3216

Re: Considering a 20% swing in my asset allocation

. Here is a good article which makes a very good case for it: http://www.advisorperspectives.com/articles/2015/08/04/why-bond-funds-don-t-belong-in-retirement-portfolios . It should make a good case for annuities since insurers paid Dr. Pfau to write it! IMHO the last thing OP needs is more lifetim...
by freebeer
Fri Sep 16, 2016 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Considering a 20% swing in my asset allocation
Replies: 41
Views: 3216

Re: Considering a 20% swing in my asset allocation

I am 64 years old, I retired two years ago, and my net worth is about $1.6M excluding my home. It is beginning to make sense to me to change my asset allocation from 50% equity/50% fixed income, to 30%/70%. Please tell me if my rationale makes sense to you. Within 2-years our combined Social Securi...
by freebeer
Thu Sep 15, 2016 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: New Guy Looking for Advice [Take ownership of grandparent's rental property?]
Replies: 23
Views: 1402

Re: New Guy Looking for Advice [Take ownership of grandparent's rental property?]

I would think about this like a reverse mortgage in modeling the financial proposition. It is like a reverse mortgage in that while alive your grandparents get the use of the property, in this case the stream of rental income rather than free occupancy. Like a reverse mortgage it is in some sense in...
by freebeer
Thu Sep 15, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: An example of the value of a liability umbrella policy
Replies: 22
Views: 2543

Re: An example of the value of a liability umbrella policy

That is both scary and unfortunate. Yes, sadly, it is wise in today's world to carry an umbrella policy. A scary and unfortunate story about one incident in which umbrella insurance might have been beneficial does not support the proposition that it's wise to carry an umbrella policy, any more than...
by freebeer
Wed Sep 14, 2016 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard QCD Checks [Qualified Charitable Distributions]
Replies: 40
Views: 2695

Re: Vanguard QCD Checks

Keep in mind that the smaller the charity, the more likely it is to be run by part-time volunteers. Sometimes the treasurer, or whoever's job it is to handle donations, could be sick, or out of town, or hasn't been in the office recently. That is correct..you need to give leeway to volunteer organi...
by freebeer
Sat Sep 10, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"
Replies: 31
Views: 2941

Re: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"

There is a reason to spend taxable distributions instead of reinvesting them, if you need spending money. If the distributions are reinvested, they raise the cost basis of the fund holding. Then, if you decide to withdraw from that fund, there will be taxes due on the gains. It is not double taxati...
by freebeer
Wed Sep 07, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: vacation home now or in 2035?
Replies: 10
Views: 1335

Re: vacation home now or in 2035?

Hi, wife and I are mid-40s but starting to dream a bit about a mountain escape to go to on weekends. One thought is to strike out now, and build some memories up of the place and maybe spend some still-somewhat-youthful energy on fixing one up to be ours. We don't have much time to use it now, but ...
by freebeer
Tue Sep 06, 2016 7:01 pm
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 13743

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

The problem I have always had with the Bernstein advice of "when you've won the game, quit playing" is that it implies a degree of certainty about future expenses that I am not sure exists. If my expenses really are capped at "x" and if my longevity is capped at "N" ye...
by freebeer
Tue Sep 06, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: retirement readiness = residual living expenses + funding the gap?
Replies: 56
Views: 6249

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

$40,000 per annum is $3,3333 per mensem. I looked up the price of $1,000 pm. income for life on immediateannuities.com for Female at various ages: Age Price Payout Rate (pa.) 55 241959 4.96% 60 233869 5.13% 65 209266 5.73% 70 182875 6.56% 75 154139 7.79% 80 123973 9.68% You are always aging, so you...
by freebeer
Sun Sep 04, 2016 11:28 pm
Forum: Personal Consumer Issues
Topic: Drowned IPhone
Replies: 28
Views: 2351

Re: Drowned IPhone

My son's Samsung Galaxy took a dip in the pool... rice drying didn't work so the phone got stuck in the closet where it's been for a year. Today I was cleaning the closet and decided just for the heck of it to try one more time to charge it before disposing... and lo and behold, it works again! So, ...

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