Search found 73 matches

by malbecman
Thu Aug 02, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I count rental equity towards our retirement number?
Replies: 9
Views: 583

Re: Should I count rental equity towards our retirement number?

That's a good point and I can quantify them a bit. Pension income goes up by $327 (age 51), $351 (52) and then $375 (53) per month. etc Its a sigmoidal shaped curve but at the tender age of 50, the increases are small...they really ramp up around 57 - 65. I'm hoping for ~5% total stocks and bonds re...
by malbecman
Thu Aug 02, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I count rental equity towards our retirement number?
Replies: 9
Views: 583

Should I count rental equity towards our retirement number?

Long and short. My wife and I are considering early retirement (early 50s). Just counting our stocks, bonds and cash we are at 27x expenses (yes, healthcare is included). Some variability there as we still have 1 kid at home and we also recognize our good position and occasionally splurge. However, ...
by malbecman
Tue Jul 31, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Tent strategy and AA for early retirement
Replies: 3
Views: 381

Re: Bond Tent strategy and AA for early retirement

I think you don't need to change a thing. I am early retired and have no bond funds in taxable. Also allocation is about 30% bonds. I don't care about portfolio swings either. May I ask why you care about them? They are not going to affect your ability to retire nor the long-term viability of your ...
by malbecman
Tue Jul 31, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Tent strategy and AA for early retirement
Replies: 3
Views: 381

Bond Tent strategy and AA for early retirement

So this is more of a general strategy question. My wife and I currently have sufficient assets after careful saving to consider early retirement in 2 yrs in our early 50s. Current AA is 70% Equities and 25% bonds, 5% cash. We currently also have ~2.2x in our taxable accounts vs tax-deferred (didnt k...
by malbecman
Mon Jun 11, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6647

Re: Moved Family Across Country for New Job and Job is now gone

Was there an offer letter or email? Something in writing? Save it!
by malbecman
Wed May 16, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need Input on My Early Retirement Plan.....
Replies: 45
Views: 5761

Re: Need Input on My Early Retirement Plan.....

You mention buying a new car for 25K. Do you have future allocations for cars in 5 or 10 years or do you fund that out of your 70K living expense (eg, set aside 2.5K/yr for ten years)?

I point this out as 25K is ~0.8% of your net worth so not a huge expense but something to consider.
by malbecman
Thu Mar 15, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice Rental Property -- Rent not covering PITI
Replies: 18
Views: 1881

Re: Need Advice Rental Property -- Rent not covering PITI

SPOUSE 2 says: The rent is paying down the mortgage and we have no housing expenses overseas, so the loss does not matter This is not a logical argument. You are losing money every month and only paying the bank their interest at this point....if you sold the house, you would have more $ every month...
by malbecman
Wed Mar 14, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out inherited IRA or just take RMD's?
Replies: 19
Views: 1740

Re: Cash out inherited IRA or just take RMD's?

My wife just inherited part of an IRA from her mom (the bulk went to dad who is still living). She took the RMDs as its like a nice $650 check every year in December and can use it to enjoy the holidays with family and also make some donations to orgs they both liked such as the SPCA. She knows her ...
by malbecman
Tue Mar 06, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: $150K to invest
Replies: 12
Views: 1963

Re: $150K to invest

What is your long term goal (or goals perhaps) for this money? Knowing your time horizon will help.
I think you will find useful answer about portfolios in the wiki.

https://www.bogleheads.org/wiki/Main_Page
by malbecman
Thu Feb 22, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 18
Views: 2877

Re: Early retirement strategy for wife

Speaking as a dad with 2 grown kids, I would expect your expenses to grow with your child...sports, music, food, etc. This looks pretty risky to me. Can your wife go PT? My wife was 50% the first 15 yrs of our kids lives and it was nice having that backstop. Now she's 100% and glad she kept an oar i...
by malbecman
Wed Feb 14, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 13311

Re: Did you learn anything from the market correction?

It really is a random walk. Here it is, Feb 14th and the SP500 index closed up 0.94% YTD (but these last ~6 weeks were a pretty wild ride.) :D
by malbecman
Wed Jan 31, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Top 1% Net Worth Under 30 Years Old
Replies: 13
Views: 6350

Re: Top 1% Net Worth Under 30 Years Old

This calculator does not break it down by age but gives your wealth percentile in the US (can chose with our without home equity)

https://dqydj.com/net-worth-percentile- ... ed-states/

Looks like you'll need to be at 10M to be in the top 1%.
by malbecman
Fri Jan 26, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: Bond Portfolio for High Net Worth Individuals - Different Rules?
Replies: 67
Views: 8533

Re: Bond Portfolio for High Net Worth Individuals - Different Rules?

Here's a net worth percentile in the US calculator using 2016 data (so a little out of date but still gives you an idea) https://dqydj.com/net-worth-percentile-calculator-united-states/ $1,000,000 net worth is 88th percentile $2,000,000 is 93.5th I assume this includes your primary residence (it doe...
by malbecman
Tue Jan 09, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4610

Re: Early Retirement Math - What I am not thinking of?

I'm assuming funds for your child's education have been factored into this; I have no idea how much costs for education are in your home country. Living off dividends is a whole other discussion. People like to think of dividends as steady payments like bonds. They aren't. the idea of living off di...
by malbecman
Mon Jan 08, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 2014

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

As alluded to, you can pay Vanguard for the Personal Advisor Services (PAS) for 0.3% AUM (or $6K annually for you )plus the amounts each mutual fund charges (which are some of the lowest in the business). With 2M, you should be eligible for their lower cost Admiral funds which are basically mirrors ...
by malbecman
Thu Dec 14, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot vs Toyota Highlander?
Replies: 88
Views: 20992

Re: Honda Pilot vs Toyota Highlander?

cheesepep wrote:
Mon Dec 19, 2016 7:04 pm
Just make sure it comes with Carplay/Android auto. It's a deal breaker for me.
Toyota went their own route with the whole infotainment system.. AFAIK, they still do not offer either CarPlay or Android Auto, even on 2018s.
by malbecman
Wed Dec 13, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Crypto Currency Short-Term Profit
Replies: 8
Views: 1334

Re: Taxes on Crypto Currency Short-Term Profit

Now if you had only invested $1M! :moneybag :)
by malbecman
Wed Dec 13, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3807

Re: Thanks! We just let our VG PAS advisor go...

No surprise there is no hard sell. I think they're salaried aren't they? I get the impression it's run at cost like anything else at Vanguard. Right...we also had no hard sell once we told our advisor we wanted to end the relationship. I was wondering about their compensation...if it was pure salar...
by malbecman
Mon Dec 11, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3807

Re: Thanks! We just let our VG PAS advisor go...

I did it via phone...we had just wrapped up our quarterly summary talk when we told him we were no longer interesting in using PAS...tried to make sure he understood it was just business and not a personal assessment of his abilities.
by malbecman
Fri Dec 08, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help choosing bond fund for nontaxable work acct
Replies: 6
Views: 529

Re: Help choosing bond fund for nontaxable work acct

These were some of the highest rated bond funds. Expense ratios are similar across all three from 0.73-0.8%. The Lord Abbet fund, on further review, does have much higher turnover rate. I was trying to stick with pure bond funds to move our AA the most (vs a blended fund).
by malbecman
Fri Dec 08, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help choosing bond fund for nontaxable work acct
Replies: 6
Views: 529

Help choosing bond fund for nontaxable work acct

So with the recent run up in our stock index funds, our asset allocation is a little high in equities (about 73%) for our AA. We'd like to nudge it down to 70% or a little below and have enough room in our workplace 403b plan so its a nontaxable event. Our workplace plan uses Fidelity and below are ...
by malbecman
Wed Dec 06, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 3147

Re: Lowering real estate agent costs when selling?

Hear, hear! :sharebeer It’s one of the few remaining models that was based on a percent of your asset, not the actual work done by the service provider. Hence the reason there are so many realtors. With technology now at the control of the buyer, there is no need for a gatekeeper buyers agent using ...
by malbecman
Tue Dec 05, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3807

Thanks! We just let our VG PAS advisor go...

Just thought I'd let the Boglehead community know that based on all the readings we've done here and confidence that we've gained, we just let our advisor go. We initially signed on as we were having a tough time making the emotional decision for some asset rebalancing we needed (since the market ha...
by malbecman
Thu Nov 16, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Withdrawal TIming
Replies: 17
Views: 2847

Re: 529 Withdrawal TIming

We have our 529 send a check directly to the school. Then you don't need to worry about this.

Heres some good tips

http://www.savingforcollege.com/article ... n-spenders
by malbecman
Wed Sep 13, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Financing
Replies: 22
Views: 2713

Re: Tesla Financing

Coal? As a PG&E rate payer (NorCal), I have signed up for their Solar Choice program...it costs us an extra ~15% on our electrical usage but means PG&E is buying solar power for us on the open market. For us, its like an $12-15 per month, makes us pretty green and avoids the $15K required to purchas...
by malbecman
Mon Aug 21, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Help with trust / spendthrift in-law
Replies: 24
Views: 4108

Re: Help with trust / spendthrift in-law

Independent, professional trustees can ask for receipts or make the mortgage payment themselves. Trust but verify....do not give cash. Another good thing a good professional trustee will do (should do) is make a budget with the benificiary that will fit the size of the trust and help separate their ...
by malbecman
Wed Mar 08, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Every 40-yr returns curve of the S&P500 since 1870 graphed
Replies: 40
Views: 5290

Every 40-yr returns curve of the S&P500 since 1870 graphed

Nice bit of work over on the Data is Beautiful subreddit. I take no credit for graphing this. Some of the comments below the graph are worth reading as well. Every 40-year Returns Curve from the S&P index since 1870, superimposed: http://i.imgur.com/ExlQ5VD.png https://www.reddit.com/r/dataisbeautif...
by malbecman
Tue Feb 07, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 16491

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

UC employee here, just stumbled on this thread...lots of great information here. Just to clarify for any future readers, any post-tax contributions to the DCP post-tax account must be made through payroll deductions. You can't just write a check from some account outside UC and send it in (which is ...
by malbecman
Mon Feb 06, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: VG Corporate bond index funds-anyone use them?
Replies: 9
Views: 1148

Re: VG Corporate bond index funds-anyone use them?

Thanks for that advice, Taylor. As it is, our current stock AA is about 70% which is about as high as we want to go. Indeed, with the general bull market, we've had to rebalance that down several times. I was just looking for something closer to bond safety but a little more return. Fear and greed, ...
by malbecman
Mon Feb 06, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: VG Corporate bond index funds-anyone use them?
Replies: 9
Views: 1148

Re: VG Corporate bond index funds-anyone use them?

Thanks! I think we will allocate some smaller portion (20%?) of our bond portfolio to at least one of these funds and chase a little more return.
Who knows, after 20+ years, it might add up to something. :D
by malbecman
Mon Feb 06, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: VG Corporate bond index funds-anyone use them?
Replies: 9
Views: 1148

VG Corporate bond index funds-anyone use them?

Doing some rebalancing back into bonds and have only been using VBTLX so far. I realize the corporate bond index funds are a little further out on the risk spectrum and some, such as Intermediate-Term Corporate Bond Index Fund Admiral Shares have a buy-in fee of 0.25% but just wondering if anyone wa...
by malbecman
Fri Jan 13, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA for High Net Worth Parents?
Replies: 71
Views: 8941

Re: FAFSA for High Net Worth Parents?

We just did the FAFSA for our oldest and yes, there is an import feature that pulls your 2015 tax data over from the IRS...BAM, there it is! At first I was a little shocked but upon reflection, it made sense. Time for us all to wear our tin hats. :D
by malbecman
Wed Jan 11, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 80
Views: 12858

New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

[Thread merged into here, see below. --admin LadyGeek] Wow, looks like a doozy. 5% back at Amazon, 2% back at other locations, no foreign transaction fees, roadside assistance, etc. They're really trying to get you to shop at their website but it you are already a Prime member, I don't see how you ...
by malbecman
Mon Jan 09, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 5467

Re: Predicting future Net Worth

I'm not sure about the utility of including your personal residence in your net worth for retirement purposes unless you plan to either cash out and move towards a lower COL area or take out a reverse mortgage.
by malbecman
Tue Jan 03, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh! Scratched my brand new stainless steel stove
Replies: 19
Views: 3121

Re: Ugh! Scratched my brand new stainless steel stove

I don't see why there have been so many recommendations on achieving a mirror polish. I don't think I have ever seen a commercially available mirror polished appliance. Ok, so take the silicon carbide sandpaper and only go back and forth to match the existing brush line pattern on the rest of the s...
by malbecman
Tue Jan 03, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh! Scratched my brand new stainless steel stove
Replies: 19
Views: 3121

Re: Ugh! Scratched my brand new stainless steel stove

You could start with a 2400 or 4000 grit silicon carbide sandpaper and work your way up thru 6, 8,10 and finally 12,000 grit using a rotary pattern and lots of elbow grease. :D It will take awhile but you can get a mirror like surface this way. http://www.sisweb.com/micromesh/mmr_sheets.htm They hav...
by malbecman
Mon Jan 02, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?
Replies: 12
Views: 1568

Re: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?

Sorry, my bad. You are correct on the 8 and 12% of NEW car target values for China in 2018 and 2020. Still, that is a lot of cars and I am sure Geely and BYD (and any other Chinese car makers I am not aware of) want to be a big part of it. I hope US automakers do not get left behind.
by malbecman
Mon Jan 02, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?
Replies: 12
Views: 1568

Re: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?

I just checked and the only recommended maintenance on the Bolt is tire rotation every 7,500 miles and it comes with an 8 year, 100,000 mile warranty including the battery pack. Very impressive! Should be really cheap to own.
by malbecman
Mon Jan 02, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?
Replies: 12
Views: 1568

Re: Anyone looking at the GM EV2 aka Chevy Bolt (not Volt)?

As far as the purchase price, you should still be able to get the federal tax credit and any possible state incenvtives. Here in CA you get a HOV sticker (diamond lane). It should also be a pretty cheap car to own. It depends on your electrical rates but you are usually looking at a cost of about $3...
by malbecman
Tue Dec 20, 2016 6:42 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 9921

Re: Hard Endeavor/Exercise in Middle Age

49 here. I'll add in a vote for cycling. I did track and X-country in HS and college but running definitely got a little tougher as I kept getting older....3-5 mile runs were generally fine but it was much tougher for me to go longer without a serious base and working up to it (which once you get si...
by malbecman
Tue Dec 20, 2016 6:32 pm
Forum: Personal Consumer Issues
Topic: Cycling power meters
Replies: 23
Views: 2664

Re: Cycling power meters

I go with stlutz. Unless you're racing and working with a coach , I don't see a need for an average fitness rider, other than gizmo envy. Personally, I think it is more digitization of the experience and a distraction from the beauty of the ride itself. Don't get me wrong, I'd like riding hard and ...
by malbecman
Fri Dec 09, 2016 6:03 pm
Forum: Investing - Theory, News & General
Topic: Interesting new dynamic withdrawal option from Vanguard PAS
Replies: 2
Views: 632

Interesting new dynamic withdrawal option from Vanguard PAS

A little short on the details (I tried to look it up in the brochure but didnt find it in there) but sounds like some other withdrawal strategies I have read about. As long as the client can adjust their spending, this type of strategy should help with portfolio success. Vanguard Personal Advisor Se...
by malbecman
Mon Nov 21, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 8666

Re: Double Check Figures: Affording $1M Home

Property tax estimate seems low. I was paying 7600/year on a San Jose townhouse that was assessed at 570k. At ~1M, I'd think you would be looking at an annual bill of ~13.3k, or 1100/month. Agreed. Also, be aware some newer homes come with extra fees/assessments to pay for things like the new schoo...
by malbecman
Tue Nov 15, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: If you started from scratch, TODAY?
Replies: 31
Views: 5401

Re: If you started from scratch, TODAY?

+100!
livesoft wrote: But let me ask YOU, what does MY ability, need, and willingness to accept risk have to do with YOUR ability, need and willingness to accept risk? Isn't this a PERSONAL decision?
by malbecman
Tue Nov 15, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: How to count rental property in traditional asset allocation models?
Replies: 7
Views: 762

Re: How to count rental property in traditional asset allocation models?

I would only count the equity in your asset allocation, though. Had to take another look at my spreadsheet. I count the equity in our net worth (assets - liabilities (mortgage)) but I've been using the total assessed value in my asset allocation, eg if the rental property is worth 300K and goes up ...
by malbecman
Tue Nov 15, 2016 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: How to count rental property in traditional asset allocation models?
Replies: 7
Views: 762

Re: How to count rental property in traditional asset allocation models?

Ok, so those are interesting perspectives. I guess I was thinking more along the lines of trying to reach a certain net worth (eg, that magical number so many retirement articles talk about) and getting that caught up with the asset allocation. I guess I was also thinking that the asset allocation i...
by malbecman
Tue Nov 15, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to count rental property in traditional asset allocation models?
Replies: 7
Views: 762

How to count rental property in traditional asset allocation models?

Ok, so most traditional retiree asset allocation models espouse something like 70% Stocks and 30% Bonds (or 60/40, depending on your age and risk tolerance). My wife and I have been diligent savers and also acquired a rental property during the big recession which has now appreciated very well. It i...
by malbecman
Wed Nov 02, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Beginners/Dummies
Replies: 4
Views: 942

Re: Estate Planning for Beginners/Dummies

$155 per year is a no brainer....you will likely pay this much for an hour or two (or even more) of a good estate attorneys time. We have another legal plan, ARAG, thru work and it's been great. Meeting with an estate attorney when our kids were young got all sorts of good conversations going betwee...
by malbecman
Wed Nov 02, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Question About Beneficiary in a Will
Replies: 9
Views: 1564

Re: Question About Beneficiary in a Will

IMHO, I think the Gates have provided a model that my wife and I hope to emulate (although obviously several orders of magnitude lower). :D Instill your values in your kids, leave them (and your grandkids) enough to get a good start in life and be comfortable/not have any real money stress but not s...
by malbecman
Sun Oct 30, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Dream house sold yesterday :(
Replies: 41
Views: 8400

Re: Dream house sold yesterday :(

I'd take a breath, and try to remember: there is no such thing as a dream home; a house is only a pile of bricks and timber which you happen to live in. It's not the building you live in that matters, but the people who live in it with you. You'll find another place to live, and as long as you do t...