Search found 1781 matches

by freebeer
Thu May 25, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Neat Calculator: Sell or Rent Out Property?
Replies: 8
Views: 1222

Re: Neat Calculator: Sell or Rent Out Property?

I'm refreshing this in case anyone has some other suggestions, this calculator is a bit dated (from 2013) and its calculations are not totally clear to me... I would actually prefer the "complex excel sheet" mentioned but not linked to by another poster :shock: Also I wonder if there is a ...
by freebeer
Wed May 24, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: First attending level job but no 401k offered. What are the options?
Replies: 14
Views: 1287

Re: First attending level job but no 401k offered. What are the options?

..one private practice that I’m incredibly interested in is a two physician couple (plus 2 midlevels) who each make very good money. ... To your original question, you might make yourself even more valuable to your prospective colleagues by looking into low-cost/low-hassle 401Ks since they are as o...
by freebeer
Wed May 24, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: First attending level job but no 401k offered. What are the options?
Replies: 14
Views: 1287

Re: First attending level job but no 401k offered. What are the options?

..one private practice that I’m incredibly interested in is a two physician couple (plus 2 midlevels) who each make very good money. ... To your original question, you might make yourself even more valuable to your prospective colleagues by looking into low-cost/low-hassle 401Ks since they are as o...
by freebeer
Thu May 18, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why 20% House Down Payment?
Replies: 14
Views: 1826

Re: Why 20% House Down Payment?

There is a standard for "conforming" loans that follow Freddie Mac / Fannie Mae guidelines and if you don't meet the standard the loan is not as easily salable by the originating lender = you will pay higher costs/interests (usually). While the size of loan limit is more well known there i...
by freebeer
Wed May 17, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 15
Views: 2081

Re: House Sale in Year of Divorce

We signed a Certification for No Information Reporting on the Sale or Exchange of a Principal Residence form at the time of the sale in 2016, so no 1099-S was issued. The point of this is so that you do not need to report ANYTHING about the house sale on your taxes. The IRS will not know anything a...
by freebeer
Wed May 17, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 15
Views: 2081

Re: House Sale in Year of Divorce

We signed a Certification for No Information Reporting on the Sale or Exchange of a Principal Residence form at the time of the sale in 2016, so no 1099-S was issued. The point of this is so that you do not need to report ANYTHING about the house sale on your taxes. The IRS will not know anything a...
by freebeer
Tue May 16, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 15
Views: 2081

Re: House Sale in Year of Divorce

I have a follow-up question to my original question. My soon to be ex-wife and I have an agreement on splitting our house sale on our 2016 tax return. We are filing our taxes Married Filing Separately. My question is how the sale of the house is entered on our tax returns. As an example, we bought ...
by freebeer
Tue May 16, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2400

Re: Retirees are hoarding cash

I'm not entirely sure I believe there is any trend. The only actual data discussed was: "United Income analyzed the estates of people who died between 2000 to 2002, and compared them with those who died between 2010 to 2012. Although the later group had just lived through a financial crisis and...
by freebeer
Mon May 15, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6712

Re: Anyone else agree with my logic on silicon valley housing?

... I'm hoping if nothing else some other people who got out of Silicon Valley (or Manhattan) will remember once going through similar thoughts and share their revelations with me. Thanks! Well I got out of Silicon Valley in 1995 after a decade in SW and it probably cost me $100M! OK maybe not but ...
by freebeer
Mon May 15, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: Switch from iPhone to Google Fi and Pixel?
Replies: 37
Views: 3416

Re: Switxh from iPhone to Google Fi and Pixel?

... replacing it with anything but a Nexus or an expensive Pixel will mean migrating off of Project Fi. THIS. I love Project Fi but when my Nexus 6 recently went bye-bye I felt stuck with very limited choice including Pixel that is now getting a bit dated. I ended up with duplicate Nexus 6 for $199...
by freebeer
Mon May 15, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1424

Re: Renting a small apartment vs buying a bigger home

I understand the dynamic and I rented for nearly a decade in the Bay Area in several different not-so-big apartments. You can find funky but cool apartment deals and I never felt like I wasn't "Keeping Up With the Jones's" because I was in great neighborhoods like Professorville Palo Alto ...
by freebeer
Mon May 15, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: S&P 500 vs Mid Cap Value
Replies: 11
Views: 1381

Re: S&P 500 vs Mid Cap Value

...So you somehow need to untangle how much of the superior performance is due to their picking stocks, and how much is due to the category they pick from. ... And, how much is due to luck. I don't know how many funds J.P. Morgan had in 1972 and how many of them still exist but some survivorship bi...
by freebeer
Sun May 14, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Help convince me it's okay (or not): new vehicle
Replies: 30
Views: 2460

Re: Help convince me it's okay (or not): new vehicle

I need encouragement to buy or postpone the purchase of a replacement vehicle, as I'm having some trouble getting my head around spending what (to me) is a large chunk of $$. Pros to new vehicle: 1. Current vehicle is 12-year old Hyundai Santa Fe, 133,000 miles. The only minor problem is that the s...
by freebeer
Sun May 14, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9249

Re: Was there a $$$ number after which things got easier?

For me it was when a decent days stock market movement was equivalent or more than what our family would spend for one month's expenses... +1. If we think of human capital and investment capital when a day's decent movement in the latter swamps a month's income of the former you are well on the way...
by freebeer
Sun May 14, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 82
Views: 12030

Re: Regret early retirement/downsizing

Different people are different. If I had had the money, I could have happily retired at age 24. I'm a creative person who can write, make music, pursue publishing and countless other projects. I don't get my energy or motivation from social situations or other people. I don't need or want validatio...
by freebeer
Sat May 13, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Has Your Number Changed Over Time?
Replies: 11
Views: 1402

Re: Has Your Number Changed Over Time?

,,, 1M was the walk away number ... Now I feel like my number is more like 4M in investible assets plus home fully paid off... To me it all depends how much spending I want to be able to do after "walk away" and what other income streams I have coming to support that spending (e.g. Social...
by freebeer
Sat May 13, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Most market anomalies academics have identified don’t exist
Replies: 53
Views: 5225

Re: WSJ: Most market anomalies academics have identified don’t exist

...The academic research was intuitive to me in that it was consistent with what I know about human nature and human behavior and was consistent with what I have myself have learned from eyeballing... Yeah that was exactly the line of "reasoning" of all the economists who attacked Tversky...
by freebeer
Sat May 13, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Most market anomalies academics have identified don’t exist
Replies: 53
Views: 5225

Re: WSJ: Most market anomalies academics have identified don’t exist

...The academic research was intuitive to me in that it was consistent with what I know about human nature and human behavior and was consistent with what I have myself have learned from eyeballing... Yeah that was exactly the line of "reasoning" of all the economists who attacked Tversky...
by freebeer
Sat May 13, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 4903

Re: Vanguard's safest all-equity fund

First two replies are good info but do not at all answer OP's specific question: which all-equity fund has historically lost least in downturns? It is an interesting question although I'm not sure it has a universal answer because I assume in some historical downturns US-only funds have lost more th...
by freebeer
Sat May 13, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: WSJ: Most market anomalies academics have identified don’t exist
Replies: 53
Views: 5225

Re: WSJ: Most market anomalies academics have identified don’t exist

Larry's criteria for a factor are: persistent, pervasive, robust, intuitive, investable. I think intuitive is very important here. When articles like this or long periods of underperformance occur, I think it's really important to have a strong belief in a rational risk or behavioral story to make ...
by freebeer
Fri May 12, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Best cities for older tech workers?
Replies: 51
Views: 4084

Re: Best cities for older tech workers?

Lastly, what do you do in tech? Are you able to find a remote worker gig and live anywhere you want? I do mostly web development but am exploring other possibilities at the moment while trying to remain in the tech field... Well i think it may be more about the best opportunity than the best city. ...
by freebeer
Fri May 12, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2313

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

...Since I retired at 61, if I postponed SS to age 70 to maximize total retirement spending, I'd draw down my 401k by 40% before I got there, OTOH, if I took SS at 62, the drawdown is no more than 10%. Postponing SS to 70 results in about 1% more total spending in retirement (from 61-95), but I did...
by freebeer
Thu May 11, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Buying vacation home
Replies: 29
Views: 3345

Re: Buying vacation home

Most people I know involved in renting out their vacation home are not thrilled with the outcome. Generally at most it is something that helps offset the costs, but it is often a pain to deal with. Personally, I'd rather just rent. Sure you can decorate and such if you own, but renting, the whole w...
by freebeer
Wed May 10, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 15
Views: 1834

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

There is also discount on mortgage fees. And if you live in a major metro area the Culture card giving free entrance to museums is very sweet. So I am a fan of the program.. But Chase will hard sell you on letting them actively manage your money. I had to steadfastly resist multiple sales pitches. A...
by freebeer
Wed May 10, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors
Replies: 34
Views: 2731

Re: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors

"... About four years ago they changed their investment philosophy to absolute returns. Most of their thinking is fear that the stock market will have a BIG downturn. We are invested very defensively and you might say we have a big umbrella over our heads on nothing but sunny days for past thr...
by freebeer
Wed May 10, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors
Replies: 34
Views: 2731

Re: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors

... their portfolio has decreased some 14% in the past 24 months (partially due to withdrawals, part due to decrease in value of portfolio)... To me this is the red flag. Assuming they were taking 4% or lower withdrawals, a significant decline while the market is generally going up implies that the...
by freebeer
Wed May 10, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: HOA & renting rules
Replies: 27
Views: 2281

Re: HOA & renting rules

Seems like you're being over concerned. I have seen many people rent basements in the general area you're referring to. It all depends on the effectiveness of the HOA. Most HOAs in the area are not concerned about this issue. They are most likely concerned about other bigger issues. I agree. Just d...
by freebeer
Mon May 08, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Seattle and Vancouver with kids
Replies: 19
Views: 1226

Re: Seattle and Vancouver with kids

If you are an active family here are a couple of other ideas: 1. Lake Union electric boat rental: https://theelectricboatco.com/ 2. Lake Washington ship canal kayak rental: http://aguaverde.com/ Rent two double kayaks, with a kid in the front and an adult in the back. It's a very safe and fun way t...
by freebeer
Mon May 08, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Anyone use Python to analyze their finances?
Replies: 40
Views: 5666

Re: Anyone use Python to analyze their finances?

I'm an R guy myself when it comes to doing any sort of statistical heavy lifting, although I have done some Python programming too (just not for stats). Really though, for the type of math I do with my finances, a spreadsheet usually works fine. I'm not a chartist or anything. +1 to this. I see no ...
by freebeer
Mon May 08, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: Mazda CX3 lease... is this a good deal
Replies: 22
Views: 1710

Re: Mazda CX3 lease... is this a good deal

First of all .... THANK YOU for everyone's comment . .. I should have provided more info 1. This vehicle may satisfy 2 purposes... the first is a vehicle for my son to drive during his last 3 yrs of high school ... he should end be able to stay under 15k going to school practice work 2. At that poi...
by freebeer
Sun May 07, 2017 10:47 pm
Forum: Personal Consumer Issues
Topic: Seattle and Vancouver with kids
Replies: 19
Views: 1226

Re: Seattle and Vancouver with kids

I live in Seattle area and love Vancouver and to my taste 2 days in each city is way not enough because you would be spending 1/3 of your vacation driving and may well experience bad traffic / delays at the border. Especially with two young kids who might not enjoy multi-hour car rides I would eithe...
by freebeer
Sun May 07, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17909

Re: Where to Live on $60K or Less a Year?

... My biggest concerns with Santa Fe are: (1) I never quite feel entirely safe when I'm in the town (there seems to be a lot of petty crime and property burglary reported in the paper); (2) water seems to be an issue and I understand that the city water rates are quite high... Santa Fe does seem t...
by freebeer
Sat May 06, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Acceptable Success Rate to Retire using Firecalc
Replies: 41
Views: 2941

Re: Acceptable Success Rate to Retire using Firecalc

... why not try to position yourself for a plan that 100% worked in the past? .... Because it means working years longer and/or spending much less. And a 5% chance of failure by age 90 is, for a male, less than a 1% chance in reality as only 20% chance of living that long. Which is essentially the ...
by freebeer
Sat May 06, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Acceptable Success Rate to Retire using Firecalc
Replies: 41
Views: 2941

Re: Acceptable Success Rate to Retire using Firecalc

As Taylor Larimore has written here, before the days of online calculators, he and his wife "spent more in the good years and less in the lean years" (paraphrased). That's my plan, too. The only problem I have with that plan is if the lean years come early when I am healthiest and most ab...
by freebeer
Sat May 06, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Acceptable Success Rate to Retire using Firecalc
Replies: 41
Views: 2941

Re: Acceptable Success Rate to Retire using Firecalc

knpstr wrote:... why not try to position yourself for a plan that 100% worked in the past? ....


Because it means working years longer and/or spending much less.

And a 5% chance of failure by age 90 is, for a male, less than a 1% chance in reality as only 20% chance of living that long.
by freebeer
Thu May 04, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3823

Re: Unmarried couple purchasing a home?

My girlfriend and I are considering buying a home together. We’re both in our 40s and we’re not planning on getting married. ... We live in California. Be very, very careful. California has a "palimony" doctrine that can result in a claim by one party against the other on grounds that the...
by freebeer
Thu May 04, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Buying a "share" of a house
Replies: 47
Views: 3130

Re: Buying a "share" of a house

My parents are living off SS and their pensions without having to touch their savings. The last major dip into the savings I remember was to buy a new car towards the end of 2014 with cash. I don't have their total balances with me but they *can* afford updates. But they won't do that, thinking a b...
by freebeer
Wed May 03, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17909

Re: Where to Live on $60K or Less a Year?

... Further suppose that you have around $300K (give or take, a little) in cash, ready to spend on a residence---ideally, one located in an area that offers: * Abundant outdoor activities such as hiking and bicycling (within 60 miles of mountains would be ideal, but I'll take what I can get) or fre...
by freebeer
Mon May 01, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: Reverse mortgage funds for investments
Replies: 16
Views: 1068

Re: Reverse mortgage funds for investments

Excellent analysis, thanks for the clarity. There are some financial advisors and lenders pushing this scheme. Well, it will work for them. They get paid whether you (or your heirs) lose money or not. :( jimb So the flip side of this question is whether investing in reverse mortgages is a good idea...
by freebeer
Mon May 01, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Anything wrong with Etrade for all my investments?
Replies: 9
Views: 1119

Re: Anything wrong with Etrade for all my investments?

Be warned that despite the "E" in their name Etrade has a strict 7 year retention policy on all of customer account records. Ensure you securely retain digital or paper copies or you may find yourself in trouble later. For example not being able to prove existence of separate property. Thi...
by freebeer
Mon May 01, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 947

Re: earned PIA calculated as higher than current max PIA?

So if I had 35 years of wages at the SS maximum from 1975-2010 I'm not sure that my PIA would be Using 1976-2010, and assuming a 1959 b'day: $2,824. the same as if I had 35 years of wages at SS maximum from 1980-2015 (I haven't experimented with AnyPIA or other calculators though). Using 1981-2015,...
by freebeer
Sun Apr 30, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 947

Re: earned PIA calculated as higher than current max PIA?

... Past the second bend point future earnings may indeed make little difference to one's PIA. To the extent one has 35 years of indexed wages above the social security maximum it makes no difference at all... I'm not sure that this is true because the social security maximum doesn't move exactly p...
by freebeer
Sun Apr 30, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 947

Re: earned PIA calculated as higher than current max PIA?

But, unless I'm missing something, there is (even if you are below age 60, as I am) a maximum earned PIA that can be calculated that is independent of future wage increases, based on assumption of 35 maximum-wage years starting with the current year. There really isn't. It appears that you don't un...
by freebeer
Sun Apr 30, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 947

Re: earned PIA calculated as higher than current max PIA?

... The AnyPIA tool by default uses the most recent middle-of-the-road trustees report. There's also an optimistic report, and a pessimistic one. The Social Security Administration recommends, for purposes of calculating one's benefit, to use none of the three, and instead use the assumption that n...
by freebeer
Sun Apr 30, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 947

earned PIA calculated as higher than current max PIA?

AnyPIA tells me my PIA (for future entitlement, based on past earnings only) is a bit higher than what I understood to be the maximum PIA for benefits paid in 2017 ($2,687, per https://www.usatoday.com/story/sponsor-story/motley-fool/2016/12/13/whats-maximum-social-security-benefit-2017/95088994/ et...
by freebeer
Sat Apr 29, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: Beaches in California.
Replies: 10
Views: 1300

Re: Beaches in California.

fakin' the funk wrote:Encinitas, Cardiff, Leucadia, and Carlsbad in San Diego area are all great beach towns.



+1 specifically Moonlight State Beach...
by freebeer
Fri Apr 28, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Phone For Japan?
Replies: 16
Views: 893

Re: Phone For Japan?

I'll be spending up to 10 months in Japan. I currently have a Verizon based smartphone (Pixel). Looking for ideas on best way to have phone access in Japan. I'll need to be able to call to Japanese numbers, as well as US numbers. Should I just pay for the Verizon international plan, or try to unloc...
by freebeer
Thu Apr 27, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Major health issue - finding new employment with health coverage
Replies: 35
Views: 2533

Re: Major health issue - finding new employment with health coverage

In your shoes I would definitely skew towards bigger companies if possible but a 100 person company or even a 50 person company is unlikely to see any major hit since they are almost certainly part of a group plan so are in effect just a piece of a larger risk pool that includes other companies. So ...
by freebeer
Tue Apr 25, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 9054

Re: Why is Real-Estate so Bad?

I think Bogleheads miss two fundamental things: 1. Real estate being illiquid cuts both ways. Unlike stocks and bonds and other market-trade securities that by definition always sell at the consensus market value, there is the opportunity to buy real estate at below-market values. Most real estate i...
by freebeer
Sun Apr 23, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3389

Re: Buying a home in the Bay Area

While the Bay Area has been something of an exception to the rule of thumb that homes are not good investments, there have been valleys as well as peaks and the upwards overall trend is by no means guaranteed to continue. As others have pointed out "Silicon Valley" type jobs are dispersing...

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