Search found 1675 matches

by freebeer
Sat Jan 21, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Non-compete for Independent Contractor
Replies: 18
Views: 1189

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...
by freebeer
Sun Jan 15, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4338

Re: Retired, expenses covered but still growing portfolio, why?

Several of our members have all their retirement living expenses covered by SS and pensions and continue to grow their low to mid 7 digit portfolios in retirement. For those individuals what if the purpose of continuing to grow these portfolios instead of using the funds to upgrade materials items,...
by freebeer
Thu Jan 05, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 4962

Re: How many $ to self fund long term care?

The problem is that the distribution of nursing home stays has a really long tail. It doesn't cut off. ... But, I would assume much of this is due to some nursing home patients entering at a relatively young age especially now with more early onset Alzheimer's being diagnosed. If that's the case th...
by freebeer
Thu Jan 05, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: selling property without real estate agent
Replies: 19
Views: 1420

Re: selling property without real estate agent

Yes, you can. And in this case, it probably makes sense to do the deal without an agent. The two parties will need to develop and sign a contract. A standard real estate contract is available via Google, but you could also draft something in Word and be just fine. You should specify: Price Closing ...
by freebeer
Thu Jan 05, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why S & P 500 fund is safer than Total Stock Market fund
Replies: 40
Views: 5163

Re: Why S & P 500 fund is safer than Total Stock Market fund

Here's my take on why the S & P 500 fund is safer than a total stock market fund. ... ... the S&P 500 is 80% of the stock market (in dollars), and therefore the total stock market just can't be terribly different from the S&P 500 . You can see this plainly to the eye here, where we char...
by freebeer
Wed Jan 04, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 5049

Re: Investing in a Masters and Ph.D?

as a general rule, no one should pay for a PhD. IMO, if you can't attend a funded program, you should not go. (Unless independently wealthy, and a lot of free time on your hands.) y professors urged me to get a Masters and Ph.D That was ~30 years ago. The world has changed since then. btw: academic...
by freebeer
Wed Jan 04, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6366

Re: spousal disagreement over how much house to buy

Go Blue 99 wrote:... Is this a situation where "happy wife, happy life" applies?


Yes, and don't go for the longer commute (I am in a 37 year old 2000 square foot house... but then again I am recently divorced so arguably an anti-pattern).
by freebeer
Wed Jan 04, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27081

Re: Whats your number to walk away?

If $2M fell from the sky and landed in front of me, I would put my 6 month notice in tomorrow morning. Would spend the next six months maxing out retirement accounts for the whole year and getting my 2017 Corvette Z06. The maxing out retirement accounts for 6 months sounds good but unless that $2M ...
by freebeer
Tue Jan 03, 2017 11:02 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27081

Re: Whats your number to walk away?

To me the relevant number is not the number that would TRIGGER me walking away it's the number that ENABLES me to walk away if need be. My current formula for that is spending needs x years to age 70 + residual spending above SS starting at 70 x 20. I am very lucky to be above that "F-U Money&...
by freebeer
Tue Jan 03, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27081

Re: Whats your number to walk away?

No number to walk away (I love what I do and am only mid-50's). If I had $15M I would probably adjust focus back to entrepreneur mode, or maybe even change to angel investor / VC mode, but that would still be work. Less than $15M I probably wouldn't change a thing, work-wise. To me the relevant numb...
by freebeer
Sat Dec 31, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18519

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Freebeer We didn't publish anything, was just an internal analysis ... Larry, with respect, you made a very strong statement: "We examined their claims and found that the ENTIRE benefit they found was due to starting with a low equity allocation, not from the rising equity allocation". I ...
by freebeer
Sat Dec 31, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: Almost made it through another year without breaking a rule- but then, we learned to Scuba
Replies: 31
Views: 2605

Re: Almost made it through another year without breaking a rule- but then, we learned to Scuba

There are some relatively inexpensive places to dive. Philippines and Thailand have great diving and boat dives are only $20 or so if you pre-pay for 10, if you go to an area that has many dive outfits (for Philippines, places like Moalboal or Puerto Galera) rather than fancy resorts. With Khao Lak ...
by freebeer
Thu Dec 29, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18519

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

...a) the arguments for higher equity in retirement as you move into it were presented in a paper by Kitces and another author. We examined their claims and found that the ENTIRE benefit they found was due to starting with a low equity allocation, not from the rising equity allocation. ... thanks f...
by freebeer
Thu Dec 29, 2016 10:52 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18519

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

... For a 65-year old he says that "the rest of your life" is 20 years. Do you really, truly believe that 20 years is a fair definition of "the rest of your life"? . He didn't say that. The article suggests that a "rule of thumb" is that a 65 year old should have at le...
by freebeer
Mon Dec 26, 2016 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 187
Views: 19235

Re: Your Retirement Number, or, calculating the funding ratio

If you are going to have any strategy, including a retirement strategy, you need a goal. The pertinent goal for a retirement financial strategy is a retirement income goal. You are unlikely to get somewhere, if you don't know where you are going. :oops: ... I think the reality is that most of us wi...
by freebeer
Sun Dec 25, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - do we still need it?
Replies: 36
Views: 3968

Re: Umbrella Policy - do we still need it?

You have health insurance? Now, put the shoe on the other foot - someone gets hurt because they fell in front of your home (sidewalk was obstructed, in disrepair, you were backing or driving out of your driveway and hit the person, etc.) and cracked their head - they don't have health insurance. Th...
by freebeer
Thu Dec 22, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 6641

Re: Are my parents in good hands with this adviser?

My translation into plain English: His costs are 0.63%. (ask him how he gets paid. I expect this 0.63% is only the expense ratio component)... +1 to that. Your parents should get a list of specific investments and amounts (they can ask for something as per https://www.bogleheads.org/forum/viewtopic...
by freebeer
Sat Dec 10, 2016 12:29 am
Forum: Personal Consumer Issues
Topic: New Home Purchase - Property Boundary
Replies: 14
Views: 1168

Re: New Home Purchase - Property Boundary

... the slice given up is on the left side of our driveway, so extreme that if I stepped out of my car onto the grass, I would be on my neighbor's property. ... We walked the property boundary as we knew it to be with their realtor, based on the pin placement... I'm not sure what you meant by this....
by freebeer
Fri Dec 09, 2016 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home!
Replies: 35
Views: 3357

Re: Buying a home!

[quote="Mademoisellebogleheads"]... (my first home)... $925,000 (on the market 60 days, no offers yet) Offer $805,000 (I think it's actually worth only $790,000)... Down payment 3.5%.../quote] If you can't afford 20% down it doens't make sense to buy a home that's in such a high price brac...
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: 1178

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: 2697

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: 20258

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: 118
Views: 12724

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: 1591

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: 6773

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: 6549

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: 6549

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: 10561

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: 2885

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: 10561

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: 16163

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: 16163

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: 6388

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: 7031

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: 3040

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: 2165

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: 3732

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: 2905

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: 4932

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: 85
Views: 10278

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: 4547

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: 636

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: 8605

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: 5528

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: 1432

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: 3554

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: 2310

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: 2609

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: 1421

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...

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