Search found 360 matches

by mac808
Sun May 21, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Watching elderly family members burn money
Replies: 17
Views: 2448

Re: Watching elderly family members burn money

I agree that auctions can be expensive but even so, are often better than rooms full of stuff left behind for kids to deal with. That said, if grandma prevented her daughter from taking a <$100 painting that held sentimental value then there are clearly psychological more so than financial issues in...
by mac808
Tue May 16, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6656

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

Silicon Valley is full of couples who make $300k to $500k each for household income of $600k to a million. It's nirvana for these people because of the abundance of well paid tech HQ jobs. @ $250k/year, as others have mentioned here, you're better off moving somewhere else (maybe Austin, maybe elsew...
by mac808
Tue May 16, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2373

Re: Retirees are hoarding cash

Wouldn't the 2009 financial crisis be expected to create another mini generation of "depression era" folks?
by mac808
Sat May 13, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: I'm hoping I didn't quit too soon
Replies: 8
Views: 2589

Re: I'm hoping I didn't quit too soon

Is that 40k pulled from IRAs pre-tax or after-tax? Have you given thought to what your marginal tax rate will be in retirement?
by mac808
Fri May 12, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever have enough for a condo/house in Cali?
Replies: 42
Views: 3086

Re: Will I ever have enough for a condo/house in Cali?

California is not a comfortable place for those who make $60k and don't own a (mortgage free) home. Living at home is very smart. You should laser-focus on getting income up, and forget about buying a home (for now). What do you do for work? You might be underpaid as is.
by mac808
Mon May 08, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 48
Views: 6203

Re: If everybody indexed, the only word you could use is chaos, catastrophe

It seems intuitive that if there are fewer price setters in the market then we could see more short-term price volatility, but if you buy and hold for the long haul, then how much does short-term volatility matter?
by mac808
Mon May 08, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Remarried parent wants to leave house in trust to children. Implications?
Replies: 8
Views: 1355

Re: Remarried parent wants to leave house in trust to children. Implications?

You should talk to a lawyer. As the other poster mentioned, Bruce Steiner is excellent. Part of the house's value may be community property, depending on how long your friend has been married, and the value of the house at time of marriage versus now. In which case, you would most likely need to get...
by mac808
Fri May 05, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5848

Re: Buffett/IBM

Almost every technology company is one great CEO and management team away from a renaissance, or one poor CEO and management team away from irrelevance.
by mac808
Thu May 04, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a limit on the number of times an Inherited IRA can be passed down?
Replies: 3
Views: 723

Re: Is there a limit on the number of times an Inherited IRA can be passed down?

I'm interested in the ability to leave an IRA to a trust for a group of very young beneficiaries (grandchildren). From what I've read, it seems like the RMD schedule is based on the age of the eldest beneficiary. As newly-born grandchildren are added to the mix, I assume they would just receive thei...
by mac808
Mon May 01, 2017 12:55 am
Forum: Local Chapters and Bogleheads Community
Topic: John Bogle's Legacy!
Replies: 19
Views: 2847

Re: John Bogle Will Pass Away Someday.

I watched the video tour of Mr Bogle's office the other day and it occurred to me that he has created a great, well-run, principled company (the embodiment of many of his personal values) that will outlast him for decades, perhaps centuries. I've worked for many founders of companies (a few multi-bi...
by mac808
Mon Apr 24, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Reasons to Hold Corporate Bonds vs. Munis, given equal after-tax yield?
Replies: 7
Views: 771

Re: Reasons to Hold Corporate Bonds vs. Munis, given equal after-tax yield?

When confronted with questions like this I think back to "diversification is the only free lunch". I would divide dollars between the two, with an eye to correlated risk exposure that the rest of your portfolio might share with each type.
by mac808
Sun Apr 23, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: If you are financially independent, how much monywould you bother to make?
Replies: 31
Views: 3662

Re: If you are financially independent, how much monywould you bother to make?

I do 1-2 promos a quarter, more out of curiosity and a desire to remain "street smart" and connected to what's going on in the consumer credit, banking, and loyalty markets, than any meaningful financial upside. If you enjoy it, then I'd do it; if not, then I wouldn't.
by mac808
Sun Apr 23, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8106

Re: Helping adult children

It sounds like your sons are both mature and well-adjusted (congrats), so I would be as transparent as possible with them. If someone has an issue, let them raise it, make their arguments, and propose a solution. I think it's reasonable to "true up" son #2 who might not need as much help, ...
by mac808
Thu Apr 20, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to purchase this new house?
Replies: 13
Views: 1378

Re: Can we afford to purchase this new house?

How stable is your income? Whenever I read these threads I always think there's a world of difference between someone in health care versus sales, etc. Stability of career and income seems increasingly important these days.
by mac808
Tue Apr 18, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5210

Re: Can I afford private school for my kids?

I don't know how student/teacher ratios translate into classroom sizes, but your kids are very unlikely to learn anything at all in a class with >20 students.
by mac808
Sun Apr 16, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11345

Re: My kids don't care about saving

Have you given them books to read like the bogleheads guide, the millionaire next door, and your money or your life? May be helpful if they hear the message from a more objective source.
by mac808
Wed Apr 12, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: NY Free College for household AGI less than $125k
Replies: 3
Views: 435

Re: NY Free College for household AGI less than $125k

In a completely apolitical voice I would tell you to get ready for a lot more of this coming down the pipe from Government at all levels. There are likely a great many means-testing type programs headed our way. It's actionable in the sense that you can plan accordingly, either reducing your retirem...
by mac808
Wed Apr 12, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 3662

Re: Legality of renters posting reviews of a condominium complex?

But assuming that's not the case and these are just disgruntled tenants, what law do you think would prevent them from posting their opinions to website intended for that very purpose? The issue is they are not owners, just renters. A condominium serves it's owners , not renters. So I am confused w...
by mac808
Wed Apr 12, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 3662

Re: Legality of renters posting reviews of a condominium complex?

If the reviews are provably untrue and malicious in nature (intended to cause damage), then perhaps there could be a potential fraud or libel claim. But assuming that's not the case and these are just disgruntled tenants, what law do you think would prevent them from posting their opinions to websit...
by mac808
Tue Apr 11, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 17
Views: 1087

Re: Thoughts on Healthcare Sharing?

I self-insure up to a certain high dollar amount, at which point a catastrophic insurance plan kicks in. I signed up with a healthcare sharing ministry to avoid the ACA penalties, since the ACA doesn't recognize self-insurance. I've never filed a claim but it's less than $100/month and I enjoy readi...
by mac808
Sat Feb 18, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 7726

Re: Need advice on girlfriend debt/finances

Are you comfortable taking care of her financially for the rest of her life? Because that is likely what will happen. She will work less, not more, once you're married and have kids. As far as specific debts, no, I wouldn't pay off any of her debts. I know it's annoying to see that car loan at 7% bu...
by mac808
Fri Feb 17, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: The russians are hacking me
Replies: 36
Views: 5803

Re: The russians are hacking me

Password managers roughly fall into two categories - those which store your master password on their servers, and those which don't. I only recommend the latter. The downside is that if you forget your master password, your account is gone forever (no 'forgot password' reset). But the upside is that...
by mac808
Thu Jan 26, 2017 10:28 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 8901

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday! :sharebeer Some day I aspire to pack 1/2 as much wisdom per word as you seem to in your posts.
by mac808
Mon Jan 23, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Reflecting the value of pre-IPO shares in Net Worth
Replies: 21
Views: 1598

Re: Reflecting the value of pre-IPO shares in Net Worth

Well known pre-IPO tech companies (Pinterest, Airbnb, Uber, Palantir, etc) have active and liquid secondary markets for common stock. You can search for secondary brokers and find some pretty easily as they tend to do lots of self-promotion to drum up business. In the case of the investment, you cou...
by mac808
Sat Jan 21, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: When/If a degree is useful for software developers?
Replies: 45
Views: 3359

Re: When/If a degree is useful for software developers?

Consider this -- No one on this forum would even think about going to a 'doctor' that never went to med school or graduated with a MD or DO degree. But hiring your local Starbucks barista who dropped out of high school to be your lead software developer at your company is somehow perfectly acceptab...
by mac808
Fri Jan 20, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Disagreement - Stark Law
Replies: 95
Views: 5854

Re: Medical Billing Disagreement - Stark Law

Derm offices are very sensitive to feedback on public review sites like Realself, Yelp, and Google. If you really felt you had a bad experience then write out a well reasoned, polite but detailed 1 or 2 star review on a few of those sites. If the practice has any meaningful cosmetic volume it will e...
by mac808
Fri Jan 20, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: When/If a degree is useful for software developers?
Replies: 45
Views: 3359

Re: When/If a degree is useful for software developers?

I've hired close to a hundred software developers over the last ten years. A degree from a top school (MIT, Stanford, or close equivalent) will get you interviews at the top companies and is likely worth the $ and time spent, but other than that, CS degrees aren't worth much for routine web/software...
by mac808
Thu Jan 19, 2017 2:52 am
Forum: Investing - Help with Personal Investments
Topic: Mother handing over investments to me, not sure which route to go
Replies: 12
Views: 1658

Re: Mother handing over investments to me, not sure which route to go

What's her/your basis in the farmland? Seems like this is a situation to optimize for taxes more so than anything else. As far as AA once the farmland is liquidated, I'd personally go something like 1/3 stocks, 1/3 bonds, and 1/3 CDs.
by mac808
Wed Jan 18, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Rental car--new windshield crack
Replies: 14
Views: 1976

Re: Rental car--new windshield crack

What credit card did you use to pay for the reservation? You'd be surprised how many include coverage for rental car damage in their fine-print benefits.
by mac808
Tue Jan 17, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Junior and Senior Financial Independence
Replies: 35
Views: 2045

Re: Junior and Senior Financial Independence

In other words - a 5% and 2% SWR.
by mac808
Mon Jan 16, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17986

Re: "Millennials may need to double how much they save for retirement"

From over here in Europe, it's really interesting to see the developments over there in the US. Once upon a time, Europe was the class-based society and America was the rags-to-riches country. Nowadays it's incredibly important in the US who your parents are; much more so than in Europe. And the tr...
by mac808
Sun Jan 15, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17986

Re: "Millennials may need to double how much they save for retirement"

It's hard to imagine an equivalent generational market trend that would distribute as much wealth into the pockets of millennials, but I admit it's possible. Maybe millennials will inherit more from their parents than the previous generation? Yes, I think they will, and I think it will become an in...
by mac808
Sun Jan 15, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17986

Re: "Millennials may need to double how much they save for retirement"

I would ilke to see a report from millennials on their parents who are retired or retiring now. I'd like to see millennials ask their parents how much they saved and invested every year so that they could reach this stage of their lives "retired" or "retiring now." I will bet th...
by mac808
Fri Jan 13, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1796

Re: Options for parents' Social Security

Thanks so much for the info guys. Much appreciated.
by mac808
Fri Jan 13, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 216
Views: 29808

Re: Chase Sapphire Reserve

I was told by a friend who manages a Chase branch that the offer will remain @ 100k points for another month or so for those who apply in branch. Not sure if a Chase account is needed or not. YMMV.
by mac808
Thu Jan 12, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1796

Re: Options for parents' Social Security

Mac, I believe your understanding is correct, however, the approximate multiplier for your dad's delayed retirement credit (waiting to 70) is 1.32 ( +8% per year). You should be able to get these numbers from the annual report social security sends out to everyone, or establish accounts at the my s...
by mac808
Thu Jan 12, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1796

Re: Options for parents' Social Security

I just want to make sure I understand this. I'm sure other forum members might be in similar situations themselves or with relatives. Mom and Dad both born in 1951, both hit FRA upon turning 66 in 2017. Assume for simple math that Mom's FRA benefit is $800 and Dad's is $2,000. The day after her 66th...
by mac808
Wed Jan 11, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1796

Re: Options for parents' Social Security

Since your dad was at least 62 by Dec 2015, he can file a restricted application as your moms spouse, and collect a spousal benefit, which would be 1/2 of your moms FRA benefit. He can collect this until he files for his own at age 70 or whatever age he decides to start collecting. As has been said...
by mac808
Wed Jan 11, 2017 4:26 am
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 10647

Re: $600,000. Now what?

Do you have a day job/reliable W-2 income stream or did you just YOLO your allowance on some micro caps and hit the jackpot?
by mac808
Wed Jan 11, 2017 2:18 am
Forum: Personal Consumer Issues
Topic: France or Switzerland
Replies: 52
Views: 5424

Re: France or Switzerland

I've visited Paris 1-2 times a year (usually for business) for the past decade. The most recent visit was the first time I've ever felt uncomfortable / unsafe (and I'm a big dude). Not in all areas, but definitely some that see a lot of tourists. The migrant situation is causing them a lot of proble...
by mac808
Mon Jan 09, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Turned 30! Women's advice for skin care??
Replies: 60
Views: 3295

Re: Turned 30! Women's advice for skin care??

Avoid the sun, don't smoke, and drink lots of water. Nothing else will compare to these three steps (in that order). Besides that, check out Retin A; it's a miracle drug. My dermatologist treats a fair number of A list models and movie stars and says that many of them are on oral accutane around awa...
by mac808
Sun Jan 08, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7631

Re: Doctors and retirement

From what I've seen in my own family the main advantage doctors seem to have is job/income security in that they are rarely unemployable, which allows the fiscally prudent ones to chug along for 30 years, through market disruptions, recessions, depressions, and other macroeconomic ups and downs, and...
by mac808
Sun Jan 08, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Reverting to a Wood Burning Fireplace from Gas
Replies: 37
Views: 2217

Re: Reverting to a Wood Burning Fireplace from Gas

I love wood burning fireplaces but someone mentioned to me that burning wood kicks off all kinds of pollutants in the air not all of which would go up the exhaust. Not sure how much of an impact that has.
by mac808
Thu Dec 29, 2016 7:19 am
Forum: Investing - Theory, News & General
Topic: Expected returns 2017-2047
Replies: 30
Views: 3082

Re: Expected returns 2017-2047

Keep in mind that if we have 10 years of 3% real returns then the majority of pension funds are insolvent (without substantial benefit cuts), with serious implications for millions of our peers and the economy. By low fee disciplined investing you should be in a relatively stronger position than mos...
by mac808
Tue Dec 27, 2016 12:24 pm
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8924

Re: Remember what it was like before the recession?

I was working in real estate at the time. From early 2006 on I remember that prices felt way, way too high. But somehow even very smart people were drinking the koolaid and feeling the pressure to buy quickly or be forever priced out, even at the very end. It's not enough to identify the bubble (whi...
by mac808
Fri Dec 23, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Where can I get some yield on my cash?
Replies: 16
Views: 1167

Re: Where can I get some yield on my cash?

I just transferred $ from Ally checking into the new 1.25% 11-month no EWP Ally CD. It took about 45 seconds. Painless.
by mac808
Wed Dec 21, 2016 1:53 am
Forum: Personal Consumer Issues
Topic: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)
Replies: 24
Views: 3918

Re: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)

If lounge access is important to you it's worth checking out an app called LoungeBuddy as well. They let you purchase discounted access to certain lounges at certain times. They saved my sanity recently on an extended intl layover.
by mac808
Sat Dec 17, 2016 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 76
Views: 9380

Re: Ally Bank 1.25% 11 month with no EWP

Is the CD interest paid monthly similar to their checking accounts?
by mac808
Wed Dec 14, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Good News For Bonds!
Replies: 98
Views: 12057

Re: Good News For Bonds!

How soon will Internet banks like Ally and Synchrony be raising their checking account rates?
by mac808
Tue Dec 13, 2016 12:49 am
Forum: Investing - Theory, News & General
Topic: DOW [Will the DOW hit 20,000 before the end of the year?]
Replies: 44
Views: 5104

Re: DOW

I predict it will, which based on past performance means there's a slightly better than 50% chance it won't. The smartest hedge fund managers I know all dove into broad market puts about six months ago. If we're still at this level or higher by the end of Jan it will prove to me once and for all (fo...

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