Search found 1724 matches

by freebeer
Sun Mar 26, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: 100% stocks w/pension?
Replies: 36
Views: 3673

Re: 100% stocks w/pension?

I will suggest a contrary point of view (based on responses thus far): Your NYC govt pension is largely dependent on the solvency of the NYC pension fund and NYC itself. The NYC pension fund is nearly 70% invested in equities. Further, NYC gets a significant share of its municipal revenue from a he...
by freebeer
Mon Mar 20, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1374

Re: What would it take to buy a house in our neighborhood?

...couldn't you move outside of the city, buy a cheaper place you can afford and still maintain your social life? ... Hahahahaha. No. In my experience, moving to the suburbs from a major city is like moving to another continent from the perspective of the friends still in the city. Out of sight, ou...
by freebeer
Tue Mar 14, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Temporarily registering new car at friend's address -- anything wrong?
Replies: 39
Views: 2107

Re: Temporarily registering new car at friend's address -- anything wrong?

The vehicle registration form (CA form REG 343) asks for "county of residence or county where vehicle is principally garaged". The car will technically be garaged for at least a week in County B before it will be driven back to County A. Given that there is no sales tax advantage, and if ...
by freebeer
Tue Mar 14, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Balanced Index Fund all you need?
Replies: 43
Views: 6194

Re: Is the Vangaurd Balanced Index Fund all you need?

The only potential issue I see with the Balanced Index fund is lack of international exposure. That has been a net benefit to those who did not partake in the lower international returns. Someone who had held 100% AAPL for the last two years would also have seen a net benefit over holding SP500 but...
by freebeer
Sun Mar 12, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: sole proprietorship income offset via R&D expenses: avoids self-employment tax?
Replies: 12
Views: 749

Re: sole proprietorship income offset via R&D expenses: avoids self-employment tax?

But it seems this may be a moot point anyway as even if it was two separate LLCs the self-employment tax is based on the net of all of them not each of them so even unrelated losses in a separate LLC / sole proprietorship would offset income in the other http://blog.taxact.com/schedule-c-self-employ...
by freebeer
Sun Mar 12, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: sole proprietorship income offset via R&D expenses: avoids self-employment tax?
Replies: 12
Views: 749

Re: sole proprietorship income offset via R&D expenses: avoids self-employment tax?

[color=#4040FF][b][i]After re-reading your post it sounds like you're talking about two businesses , (1) consulting and (2) software development and sales ; and it looks like you want to allocate the expense of the 2nd business to the income of the 1st , can you do that ??.. I see it as one busines...
by freebeer
Sat Mar 11, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: sole proprietorship income offset via R&D expenses: avoids self-employment tax?
Replies: 12
Views: 749

Re: sole proprietorship income offset via R&D expenses: avoids self-employment tax?

[color=#4040FF][b][i]After re-reading your post it sounds like you're talking about two businesses , (1) consulting and (2) software development and sales ; and it looks like you want to allocate the expense of the 2nd business to the income of the 1st , can you do that ??.. I see it as one busines...
by freebeer
Fri Mar 10, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3486

Re: Financial Independence: How many years of living expenses saved?

25X with normal retirement age -> 62 to 67. 33X -> earlier than 62 to 67. 50X -> any time. KlangFool And (per William Bernstein): 17X -> older than 67 And the "X" in all cases is not total living expenses but residual living expenses (RLE) net of other retirement income that won't come fr...
by freebeer
Fri Mar 10, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: sole proprietorship income offset via R&D expenses: avoids self-employment tax?
Replies: 12
Views: 749

sole proprietorship income offset via R&D expenses: avoids self-employment tax?

Suppose a one-member LLC (therefore taxed as a sole proprietorship, reported via Schedul C) receives $200K of 1099 consulting income in a given year from services personally provided by its owner. Suppose owner takes $50K of draw, equal to the net income because $150K of business expense was incurre...
by freebeer
Thu Mar 09, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17189

Re: Sitting on cash....Waiting for a crash

... IF you are not comfortable with losing 50% of your money (even if it may be likely to recover over the next 30 years), then don't put 100% in equities. IF you are not comfortable with losing 25% of your money (even if it may be likely to recover over the next 30 years), then don't put 50% in eq...
by freebeer
Wed Mar 08, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 3883

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

As I digest the nuggets, nah, better put, buckets of wisdom on Bogleheads, I am trying to sketch out our next 15 years. Our cash flows may be atypical, we will be putting out TBD payments for college tuition for three kids. For public school options, our 529 plans are probably 80% there with the fi...
by freebeer
Wed Mar 08, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Where to buy rare steaks?
Replies: 67
Views: 4623

Re: Where to buy rare steaks?

TomCat96 wrote:There are few things I enjoy more than eating a cut of bloody rare steak. ...


Political discourse is off-limits on this forum :oops: 8-)
by freebeer
Sun Mar 05, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5109

Re: Windfall: should we pay cash for ~$1.3M home?

Exactly right. Much of the discussion on this forum is about retiring as early as possible with sufficient assets to maintain a particular lifestyle. OP can possibly retire now and can certainly semi-retire. Not everyone hates working though. Are there things I don't like about my job? Definitely. ...
by freebeer
Sun Mar 05, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5109

Re: Windfall: should we pay cash for ~$1.3M home?

... We are in our mid-30s and plan to start a family very soon. We live in an extremely high-cost-of-living area in the SF Bay Area. We currently pay $2,000/mo in rent on a nice but small rent-controlled 1-bedroom apartment. Market rate would probably be $2500 today, and renting a nice 2-3 bedroom ...
by freebeer
Sat Mar 04, 2017 7:42 am
Forum: Personal Consumer Issues
Topic: Starting a company for first time at age 50
Replies: 14
Views: 1347

Re: Starting a company for first time at age 50

Hello, I plan to start a company (LLC) for the first time at age 50. Being an entrepreneur is a young person's game, so I'm trying to alleviate my anxiety by keeping my day job. Does anyone have any recommendations on: a) how to obtain the best SBA loans - besides trying to obtain the lowest intere...
by freebeer
Sat Mar 04, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

Yet based on your and other comments in this thread I'm starting to agree with you that unlike say food and utilities the ability to nail down a specific planning figure for healthcare costs 15 years in the future (Medicare or not) is a relatively futile exercise. So maybe padding this up to $1K/mo...
by freebeer
Fri Mar 03, 2017 4:40 am
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 3939

Re: Family Hounding me to Purchase SUV or Minivan

If they are hounding you, put a large glass jar in a prominent location in your home with a label "New Car Fund, Donations Accepted!" so that they can see it. If they don't come to your house often, then put it in the car when you go see them. Throw a few pennies in to make sure they get ...
by freebeer
Thu Mar 02, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

... For planning so far ahead I'd be more comfortable with $1000/month per person for insurance costs. $500 might OK today but next year it will be $600, and so forth. There will be expenses you want to incur that insurance won't cover... there is no way to know in advance what those will be, all t...
by freebeer
Thu Mar 02, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15589

Re: Possibly Financially Independent and Feeling Miserable

I think that my wife and I (ages 38 and 40, respectively) may have become financially independent today. ... So I mention all of this because I can't figure out why I'm not happy about achieving this level. In fact, I think that I'm rather miserable about the whole affair. I simply cannot stop thin...
by freebeer
Thu Mar 02, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: US expats abroad: should I buy health insurance even though I'm covered by employer?
Replies: 24
Views: 1233

Re: Should I buy health insurance even though I'm covered by employer?

... a friend told me it might be a good idea to purchase an individual health insurance plan to cover major hospitalizations or other catastrophic costs. He said that when you change employers, any pre-existing conditions are usually not covered by the new employer's health insurance plan. Also, he...
by freebeer
Wed Mar 01, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

Freebeer, ... Have you considered use of pre-paid blood testing and paying out of pocket for routine tests, ie https://www.ultalabtests.com/HEB/AccountSite/HowItWorks Another one and they partner with Quest Labs ... https://directlabs.com/LabLocations/tabid/67/language/en-US/Default.aspx How about ...
by freebeer
Wed Mar 01, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

Modeling is especially difficult given the political issues surrounding Medicare, and healthcare in general. A note of caution on Medicare Advantage - one main reason it's less expensive is that it's subsidized by the Federal government (14% in 2009). The ACA is reducing these subsidies. http://kff...
by freebeer
Wed Mar 01, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

I fully agree with all three of your points (and, expecting to stay in urban Washington State, I should have access to good Medicare Advantage plans although I have no idea about the details of this). But, your points don't directly speak to my question: what is a reasonable amount to forecast for ...
by freebeer
Tue Feb 28, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

Re: modeling expected healthcare costs with Medicare

... 1. With that timeframe, it is extremely difficult to predict the future. 2. If you will have access to a good Medicare Advantage plan, as we do, I believe health/medical costs may be more under control and stable. Some areas do not have such plans. 3. I have come to believe, even more strongly ...
by freebeer
Tue Feb 28, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: modeling expected healthcare costs with Medicare
Replies: 37
Views: 1459

modeling expected healthcare costs with Medicare

Since I'm only mid-50's my "can I retire now?" spreadsheet models healthcare costs based on ACA plan + extra for out of pocket. I'm in great health, no chronic conditions and never been in the hospital, but that also means I have very little data on which to base estimates for the future ....
by freebeer
Tue Feb 28, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 5897

Re: How should people factor Social Security into their "magic number" with early retirement?

In your 30's, there are more unknowns than knowns. I'm 60, plan to retire in 2 years and my plans already expect a 25% drop in ss payments in 2034. For someone in their 30's, to be safe, expect zip. I do also plan to pay 100% of my health insurance as I am a big safety net guy. If Medicare still ex...
by freebeer
Mon Feb 27, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 5897

Re: How should people factor Social Security into their "magic number" with early retirement?

I haven't read the whole thread but I thought I'd weigh in, since I'm planning for early retirement (far earlier than the 55 mentioned by OP). I don't consider SS at all in my calculations. I consider any SS that I eventually receive as part of my safety net against failure. When I hit my number, i...
by freebeer
Mon Feb 27, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Septic System Groundcover
Replies: 8
Views: 563

Re: Septic System Groundcover

Fairly common in New England for the leach field to be part of the lawn and just planted with regular lawn grass although the bulk of mine is covered with Pachysandra. 35 years old and no problems so far. Its pumped every three or four years Similar in Pacific Northwest and believe me we get plenty...
by freebeer
Sun Feb 26, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Backpackers- weight vs utility question
Replies: 42
Views: 2587

Re: Backpackers- weight vs utility question

... They each carried specialty light weight umbrellas (for sun, not rain) that mounted on their backpacks... I'd love to know what model of umbrellas these were and how they mounted on the backpacks. But I'm surprised if this was only for sun, the Ray Jardine concept of umbrellas was, I thought, m...
by freebeer
Sun Feb 26, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How long to keep paper investment statements
Replies: 13
Views: 1150

Re: How long to keep paper investment statements

This is a 2 part question. All my accounts are at Schwab, and I have good online access to statements and other records... If there is any chance you could ever get divorced you may find that you need to document decades-old financial transactions in order to characterize separate vs. community pro...
by freebeer
Fri Feb 24, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 2066

Re: Rebalancing -> Market Crash and rebalancing

Fess up. How many rebalanced to the full extent called for in their IPS in 2008/09, which was milder than what the OP asks about here? I entered the 2007 great recession at 25% stocks and exited in 2009 at 70%. I not only rebalanced but permanently changed my asset allocation to take advantage of t...
by freebeer
Fri Feb 24, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: At what point is a used car worth it
Replies: 27
Views: 2828

Re: At what point is a used car worth it

Here is how I look at the math. I don't do much work on cars myself so I usually replace cars when they are ten years old and have will over 100K miles on them. I look at the yearly cost of car ownership excluding routine costs like tires and oil changes that you will have with any car. In made up ...
by freebeer
Fri Feb 24, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 44
Views: 2726

Re: How much are independent contractors really taxed?

My main question is: How is it worth being an independent contractor full-time if you have to pay this much tax? It's worth it because the general "rule" is that if you're an independent contractor your income should be twice what a salaried person would receive to pay for all of the thin...
by freebeer
Thu Feb 23, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would I have legal standing? Severence
Replies: 12
Views: 1920

Re: Would I have legal standing? Severence

No. Not covered under a collective bargaining agreement. But hypothesizing coworkers being offered severance A in a change of control situation rather than financial issues. Just wondering how best to approach a situation if I were offered severance B. Do I inquire myself at the time? Would I be be...
by freebeer
Thu Feb 23, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP (High Deductible Health Plan) via ACA for self-employed, HNW?
Replies: 3
Views: 295

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

I will soon no longer be covered via ex-DW employer health care. I have also just transitioned to self-employed with lowish six-figure expected income but will have to get my own medical insurance via ACA. Seven-figure net worth. I am mid-50's in excellent health, only medication is a statin to opti...
by freebeer
Wed Feb 22, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Anxiety about buying used car
Replies: 50
Views: 3319

Re: Anxiety about buying used car

I will be in the market for a used car later this year. My teen has a learner's permit and hopefully will get her license in late fall when she's old enough to take the test. Since the teen attends a nearby private school without bus service, we are eager for her to have a vehicle. I'm going to let...
by freebeer
Wed Feb 22, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 7380

Re: Need advice on girlfriend debt/finances

So my girlfriend and I live in my house I bought in 2010. ... Just realize that absent any clear written understanding to the contrary you may already be in what could later be termed a "Committed Intimate Relationship", "meretricious relationship" or "Marvin relationship&q...
by freebeer
Wed Feb 22, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 10808

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

AlohaJoe The question for Ireland was because it wasn't invaded or bombed, Norway was invaded and occupied-- part of the ring around Europe. Norway fared better after the war, while Ireland still faltered, thus the concern. If a neutral power that didn't take a hit during the conflict couldn't meet...
by freebeer
Tue Feb 21, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett v. Bogleheads
Replies: 40
Views: 4484

Re: Warren Buffet v. Bogleheads

A common quote that I see floating around here is Warren Buffet's famous "be fearful when others are greedy, and be greedy when others are fearful". Sounds like words of wisdom, but I just realized that is market timing. How do Bogleheads reconcile this? fantasytensai, Are you a troll or ...
by freebeer
Sun Feb 19, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 10808

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

... I'm quickly finding that many BHs are very pessimistic about the future. If you can afford a 3% WR, then that's totally fine. My concern is that the pessimism that some have about the future may lead those who aren't so well versed in this topic (many lurkers on this site) to think "25 tim...
by freebeer
Mon Feb 13, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10760

Re: Who would quit playing if they already won?

I am retired with a typical 60/40 stock/bond allocation. Happy to ride into the sunset with this portfolio. The mind is a terrible instrument when it starts thinking and thinking but I can't get this line out of my mind. "Why play the game if you already won" thank you Dr Bernstein (met h...
by freebeer
Sun Feb 12, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: The Ned Said Effect strikes again
Replies: 52
Views: 3977

Re: The Ned Said Effect strikes again

I have quite often posted about the so-called Nedsaid effect which occurs when the investment you sell does better than what you bought to replace it. Recently I trimmed my position in Applied Materials selling shares at $31.79 a share. With the proceeds and cash left over from dividends, I added t...
by freebeer
Sun Feb 12, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Which 25X is it? [Planning for retirement]
Replies: 51
Views: 3141

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

We discussed this one of your previous threads, but I would use a 2-bucket approach to early retirement: Answer "B" for years before start of SS benefits Answer "C" for years after start of SS. So I have 100% of living expenses for my 6 years between retirement and date of start...
by freebeer
Sun Feb 05, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 4798

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

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


Is there evidence supporting this contention?

Because, I always hear the opposite (early retirement => boredom => earlier death).
by freebeer
Sat Feb 04, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1536

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

I think that means that an individual can open a solo 401(k) as an alternative to a tIRA to receive rollovers (e.g. from past 401(k)s with undesirable investment choices, or even from a tIRA), even if their actual SE income is 0. No, they can't. A 401k can only be opened by a business - for an indi...
by freebeer
Mon Jan 30, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10046

Re: Risk tolerance when you meet your number

Our approach is one that says we could do about the most conservative thing and be OK, but that the thrust of investing sites is that the market goes up over the long haul. We have a "stop loss" percentage that would result in us having enough if the market went down to that point. We are...
by freebeer
Sun Jan 29, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Backtesting Home Prices against regular investments
Replies: 34
Views: 2886

Re: Backtesting Home Prices against regular investments

,,,There is little question that the bond and stock markets are a much better investment than buying/selling homes! Here is the same comparison, while adding IT Bonds to the graph.... That chart is extremely compelling! The standard counter-argument I hear to "investing in stocks and bonds is ...
by freebeer
Sat Jan 28, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 6128

Re: where to retire?

I have been searching for a mild climate to retire. I live 1/2 mile from the beach in Southern California so looking for the good lifeCriteria: Excellent weather- don't care for much rain and no snow Seattle Washington Scottsdale, AZ Austin TX Bend, OR Portland, OR Albequerque, NM Hawaii but where?...
by freebeer
Mon Jan 23, 2017 1:37 am
Forum: Personal Consumer Issues
Topic: Electric Bicycles
Replies: 23
Views: 2229

Re: Electric Bicycles

Does anyone have an electric bicycle such as the Rad Power Bike? If you do, what are the pros & cons? https://www.radpowerbikes.com/ What do you mean "such the Rad Power bike?" ... are you asking about experiences with any type of electric bicycle or it some aspect of the Rad Power pr...
by freebeer
Sat Jan 21, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Non-compete for Independent Contractor
Replies: 19
Views: 1595

Re: Non-compete for Independent Contractor

My wife runs an acupuncture clinic and is ready to go on maternity leave. She interviewed a few candidates to cover here during this leave and found one who was great! Only one catch. This practitioner works for a PT company that has a non-compete clause within 15 miles for six months after termina...

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