Search found 238 matches

by Culture
Sun May 17, 2015 8:04 am
Forum: Investing - Theory, News & General
Topic: THANK YOU Bogleheads!
Replies: 9
Views: 2491

Re: THANK YOU Bogleheads!

Ever Ready wrote:Culture, you might want to check out Early Retirement & Financial Independence Community
We are thinking alike; that is the other community that I mentioned tangentially. I thought we were not allowed to mention other sites by name.
by Culture
Sat May 16, 2015 2:01 pm
Forum: Investing - Theory, News & General
Topic: THANK YOU Bogleheads!
Replies: 9
Views: 2491

THANK YOU Bogleheads!

I just finished sending my clients an e-mail indicating that I will no longer accept new assignments starting in six weeks. I hope to be finished with all projects some time early next year. The work week should taper off quickly between now and then. I have been reading this board regularly since a...
by Culture
Sun May 10, 2015 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business and Retirement - Ethics Question
Replies: 15
Views: 1541

Re: Small Business and Retirement - Ethics Question

Thanks for the feedback. I have decided to give 6 weeks notice to my clients.
by Culture
Sun May 10, 2015 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business and Retirement - Ethics Question
Replies: 15
Views: 1541

Re: Small Business and Retirement - Ethics Question

billern wrote:What is the benefit to you of not giving your clients advanced notice?
Nothing, but it seems obnoxious to send an e-mail to my clients which essentially says "I am retiring at 50."

Thinking about it now, I will likely give 6 weeks notice to the clients who use me regularly.
by Culture
Sun May 10, 2015 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business and Retirement - Ethics Question
Replies: 15
Views: 1541

Re: Small Business and Retirement - Ethics Question

retiredjg wrote:Are these people depending on you or are your services readily available elsewhere?

If you were a client of your service, what kind of notice would you want?
I think all of them use alternate service providers when needed. I do not think that anyone uses just me.
by Culture
Sun May 10, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business and Retirement - Ethics Question
Replies: 15
Views: 1541

Small Business and Retirement - Ethics Question

I run a small consulting business where I am the sole employee. I provide professional services to clients who typically retain me for multiple engagement per year. My better clients hire retain me on a new engagement about once per week or two. On the other end, I have clients who engage me once or...
by Culture
Mon Dec 22, 2014 9:35 pm
Forum: Investing - Theory, News & General
Topic: Paying for a Copy of Annunity Contract Language?
Replies: 14
Views: 2208

Re: Paying for a Copy of Annunity Contract Language?

If it has been in force since 1985, it is almost certainly past the surrender period where there would be surrender fees. I am guessing that you are right. However, I would like to fully understand how the annuity is constructed so I can make intelligent decisions. It is paying 4%, so I do not see ...
by Culture
Mon Dec 22, 2014 5:12 pm
Forum: Investing - Theory, News & General
Topic: Paying for a Copy of Annunity Contract Language?
Replies: 14
Views: 2208

Re: Paying for a Copy of Annunity Contract Language?

itstoomuch wrote:This is one of the few times that I give advice. YES
The alternative is guessing and ASSumption.
"Of course, I am going to pay it because it would be stupid to shoot myself in the foot and do anything with the annuity when I don't know the rules."
by Culture
Mon Dec 22, 2014 4:58 pm
Forum: Investing - Theory, News & General
Topic: Paying for a Copy of Annunity Contract Language?
Replies: 14
Views: 2208

Re: Paying for a Copy of Annunity Contract Language?

Jack FFR1846 wrote:Did you ask if it is available online if you register? Will they email a pdf free? Even Spirit airlines charges for paper...$10 a ticket but the pdf that you can print is free
They do not have it online, and will not e-mail a pdf. Mailed paper copy only.
by Culture
Mon Dec 22, 2014 4:39 pm
Forum: Investing - Theory, News & General
Topic: Paying for a Copy of Annunity Contract Language?
Replies: 14
Views: 2208

Paying for a Copy of Annunity Contract Language?

I am trying to straighten out my father's finances, which I took over this year. He has some type of annuity with Jackson National Life Insurance, with about $70,000 in it. It appears he has had this since 1985. He has no idea the last time he put money into it (he has some dementia). I have no pape...
by Culture
Wed Sep 24, 2014 10:54 am
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 6239

Re: What's Your Takeaway from 2014 High Valuation

With the other, I generally followed my IPS and made the largest rebalancing sale of all times about a month ago, selling equities and buying bonds. I did defer the sale of some taxable equities (mid caps) that I should sell but do not want to pay the taxes on.
by Culture
Mon Sep 22, 2014 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 36
Views: 6485

Re: Consulting fees: non working travel time

I charge 30% more than my normal rate for depositions or testimony with a minimum of 4 hours charged. I've done 3 depositions now and they are highly stressful work that rates a premium IMOP. I realize this is common practice in forensic engineering, but I would bill less for depositions and trial ...
by Culture
Mon Sep 22, 2014 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 36
Views: 6485

Re: Consulting fees: non working travel time

Obviously it varies with the situation. All my income (engineering consulting) is billed by the hour. I bill 100% for all my travel time. A few clients have objected. I explain that I work 60-80 hours per week, and my billing is limited only by the hours in the day (I turn away about 50% of the work...
by Culture
Sun Mar 30, 2014 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 25
Views: 6644

Re: Redrawn flood zone map puts portion of property in FZ

I do this for a living. What matters is if your structure is in the flood zone, not if your lot is in the flood zone. Even then, it only matters what the elevation of the building is relative to the base flood elevation. Think of it this way. You are on a 1000 acre lot, and a small corner of the lot...
by Culture
Sat Mar 15, 2014 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Administrators Account Safety
Replies: 0
Views: 304

Health Savings Administrators Account Safety

I have been using Health Savings Administrators for the past six years as my HSA account holder. In this time I have always contributed the max, and during this time I have had no significant medical cost. As a result, I have built up an account balance of about $40,000. I was sitting down today to ...
by Culture
Fri Mar 14, 2014 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 3098

Re: Opinions on our situation? Very Long Post!

Buy a cheap floor safe and keep them and your guns in it. You live in Texas right? Surely you have a gun :) Obviously you do not live in Texas. Guns go in the gun safe, not a floor safe. The gun safe is large enough to contain the entire 20-30 gun arsenal, where a floor safe might be able to store ...
by Culture
Fri Jan 24, 2014 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Young, rich, hopefully not dumb
Replies: 51
Views: 8294

Re: Young, rich, hopefully not dumb

I am in a similar situation but older. You have reached the point where DIY is long longer the appropriate route. You need to hire competent Estate, Tax and Insurance assistance. You can afford to do so, and you can't afford not to. You should also considering hiring a competent Investment adviser t...
by Culture
Mon Jan 20, 2014 4:44 pm
Forum: Personal Consumer Issues
Topic: Letting go: Classic textbooks
Replies: 54
Views: 5930

Re: Letting go: Classic textbooks

I agree and have all three.
tigermilk wrote:Classics:
Image
by Culture
Sun Jan 19, 2014 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 151746

Re: High Earners - What's Your Profession?

I like successful Civil Engineers, but I know way too many unsuccessful ones who created their own small firms that then went bankrupt because they couldn't do the rainmaking or managing of costs. Can you please comment on how many firms that you know that were not successful and why they were not ...
by Culture
Sat Jan 18, 2014 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 151746

Re: High Earners - What's Your Profession?

Civil Engineer. First topped 100k in 2002 with 13 years post-graduate full-time experience (I had six years of part-time civil engineering experience prior to this point). I now own my own firm and make many multiples of 100k. I am convinced more than ever that big money = work for yourself. No guar...
by Culture
Sun Dec 08, 2013 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if I do my own taxes?
Replies: 27
Views: 5991

Re: What happens if I do my own taxes?

I have a similar situation. I suggest you do just what you have been doing, which is the same as what I do: I have my accountant prepare a return, I prepare my own independently, then we go over all the differences. Inevitably, I find a mistake that he made that links to him not knowing by business ...
by Culture
Fri Dec 06, 2013 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Help me be fair to my Real Estate Agent
Replies: 15
Views: 1645

Re: Help me be fair to my Real Estate Agent

In your case, the determining factor for the builder is was the realtor “the procuring reason that builder made the sale”. That is the standard I’ve heard for decades here. If the answer is yes, then the builder should pay the realtor a commission. If that builder made the sale because the realtor ...
by Culture
Fri Dec 06, 2013 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help me be fair to my Real Estate Agent
Replies: 15
Views: 1645

Re: Help me be fair to my Real Estate Agent

Andyrunner wrote:Do you have an old house to sell? List with him?
He will be selling out house, for sure.
by Culture
Fri Dec 06, 2013 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help me be fair to my Real Estate Agent
Replies: 15
Views: 1645

Help me be fair to my Real Estate Agent

I apologize for the long setup in advance: About a year ago my wife and I started looking for a new house in the Houston, Texas suburban area. We preferred to buy a used home but recognized that it was possible we would end up building a custom home. We retained an realtor (or broker or agent or wha...
by Culture
Sat Oct 05, 2013 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: AXA Accumulator Elite Annuity
Replies: 25
Views: 8294

Re: AXA Accumulator Elite Annuity

dhodson wrote:They are making the offer bc it's better for them. That pretty much sums it up.
There is no more to say here, our work is done.
by Culture
Thu Jan 31, 2013 3:23 pm
Forum: Personal Consumer Issues
Topic: Would you buy a house with mold in the basement?
Replies: 23
Views: 5275

Re: Would you buy a house with mold in the basement?

In line with what you have already been told: If the water damage is from a one-time event like a burst pipe, all you are going to need to do is rip out the finishes until you get back to the framing, spray it with bleach water, let it dry out, and put the finishes back. Really no big deal. If the l...
by Culture
Thu Jan 31, 2013 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: How many are concerned with passing on assets to children?
Replies: 44
Views: 5355

Re: How many are concerned with passing on assets to childre

I grew up in the Boston area and moved south partly due to cost of living concerns. But I think it's odd that you question the intelligence of someone that wants to live in an expensive area. Texas isn't exactly the ideal destination for a lot of native Northerners. Well, to be fair, I meant to dir...
by Culture
Wed Jan 30, 2013 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: How many are concerned with passing on assets to children?
Replies: 44
Views: 5355

Re: How many are concerned with passing on assets to childre

I see this a lot in NYC and San Francisco where it's become so expensive to live that many people are priced out or forced into sub-standard living conditions, regardless of their education, intelligence or work ethic. I understand what you mean here, I lived in Boston where the same thing happens....
by Culture
Wed Jan 30, 2013 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How many are concerned with passing on assets to children?
Replies: 44
Views: 5355

Re: How many are concerned with passing on assets to childre

I would love to leave assets to my son, and I probably will. OTOH, I am not going to significantly impact my life in order to make sure he gets an inheritance. He got a stellar upbringing, a college degree, a trade degree, and a new truck at graduation, I figure anything else is gravy. However, give...
by Culture
Thu Jan 17, 2013 6:34 pm
Forum: Investing - Theory, News & General
Topic: The Callan Periodic Table updated for 2012
Replies: 42
Views: 8178

Re: "Own the haystack"

The CPT demonstrates the futility of trying to time the market. It also demonstrates the benefit of investing in the total market. Unfortunately, the conclusion that my less financially educated friends draw from this diagram is "See, I told you so, this proves you can get a 31% average annual...
by Culture
Thu Oct 04, 2012 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: My portfolio is an abstract, ethereal concept to me
Replies: 26
Views: 2278

Re: My portfolio is an abstract, ethereal concept to me

OK, here is the paranoid perspective. I check my accounts at least one a week, specifically looking at recent transactions and total account balance. If something is missing, I want to know ASAP. I would hate to log in and find out that my account was drained 18 months earlier, either from an honest...
by Culture
Fri Aug 24, 2012 5:06 pm
Forum: Investing - Theory, News & General
Topic: You'll like the ETF industry if you like throwing JELL-O
Replies: 9
Views: 1405

Re: You'll like the ETF industry if you like throwing JELL-O

It is stuff like this that makes me realize I am different. My IPS prohibits trading in ETFs with less than $500M AUM, and requires $1B AUM if available. I guess I am just too conservative. I am sure some of those ETFs with $2M AUM are going to turn around at any time now, and I am going to look lik...
by Culture
Thu Aug 23, 2012 4:41 pm
Forum: Investing - Theory, News & General
Topic: Why I Don't Like the International REITS & Real Estate Fund
Replies: 66
Views: 10169

Re: Why I Don't Like the International REITS & Real Estate F

The fund also has over 60% invested in the ASIA/Pacific area. This fund would be a whole different ball game if it was a REIT fund and maybe spread out better internationally To actually add to the discussion, I will note that this is the only reason that I have not invested in this fund. It does n...
by Culture
Thu Aug 23, 2012 4:29 pm
Forum: Investing - Theory, News & General
Topic: Why I Don't Like the International REITS & Real Estate Fund
Replies: 66
Views: 10169

Re: Why I Don't Like the International REITS & Real Estate F

Taylor Larimore wrote:When experts disagree, it is often because it doesn't make much difference.
I keep trying to get people to believe this but I have little luck. I think this should be tattooed on everyone hand.
by Culture
Thu Aug 23, 2012 4:27 pm
Forum: Investing - Theory, News & General
Topic: Why I Don't Like the International REITS & Real Estate Fund
Replies: 66
Views: 10169

Re: Why I Don't Like the International REITS & Real Estate F

6) Unless a meaningful allocation is placed in this fund, what is the impact here to a portfolio? I have seen investors split a 5% allocation to REITs between the US and this fund. David Swensen makes a great point in Unconventional Success that an asset class allocation should be 5% - 10% minimum....
by Culture
Mon Aug 06, 2012 4:31 pm
Forum: Investing - Theory, News & General
Topic: You just WON the lottery [investing hypothetical]
Replies: 20
Views: 3124

Re: You just WON the lottery [investing hypothetical]

And have a one time $100m chunk of change headed your way. What strategy would you use to: - Take in the money (personal, Trust, divided among family) - Invest the money (what would be your AA) - Spend the money (what would you buy) - Distribute the money (Charities, Family etc) I would invest the ...
by Culture
Tue Jul 24, 2012 3:07 pm
Forum: Investing - Theory, News & General
Topic: CNNMoney - Millionaires in the making
Replies: 42
Views: 7740

Re: CNNMoney - Millionaires in the making

I'm surprised those in the article don't value their anonymity. People like to brag. Being humble goes a long way in life. I admit that I would like for more people to know that I have been phenomenally financially successful in life. Very few people do not want others to recognize their efforts an...
by Culture
Tue Jul 24, 2012 3:00 pm
Forum: Investing - Theory, News & General
Topic: CNNMoney - Millionaires in the making
Replies: 42
Views: 7740

Re: CNNMoney - Millionaires in the making

This was also on Yahoo. Good article, but I don't get the impression that anyone involved understands that $1 million doesn't go far. Bogleheads see $1 million and mark that down to maybe $40k per year to live on in retirement. The general public sees that number and thinks Ferrari. I suspect, with...
by Culture
Fri Jun 22, 2012 10:26 am
Forum: Investing - Theory, News & General
Topic: How to Loose a Fortune: Baseball Edition
Replies: 18
Views: 1649

How to Loose a Fortune: Baseball Edition

Repeat after me: Extreme competence in one field does not necessarily translate into extreme competence in all others, especially when we are talking professional sport and running a business/investing: http://www.csmonitor.com/USA/Latest-News-Wires/2012/0622/Curt-Schilling-38-Studios-game-studio-co...
by Culture
Mon May 14, 2012 10:00 pm
Forum: Investing - Theory, News & General
Topic: London Whale, JP Morgan and (safety of)Our/My Vanguard Money
Replies: 40
Views: 4307

Re: London Whale, JP Morgan and (safety of)Our/My Vanguard M

Epsilon Delta wrote:As The Gipper said "Доверяй, но проверяй".
For those who don't speak the mother tongue that is "trust but verify."
by Culture
Fri Apr 06, 2012 6:38 pm
Forum: Investing - Theory, News & General
Topic: Reform/Abolish the Employer 401k
Replies: 33
Views: 4979

Re: Reform/Abolish the Employer 401k

It gets worse. Why am I, as a self-employed person, allowed to set up a personal pension, profit sharing plan and solo 401(k), over which I have total control of investment choices and can effectively tax defer as much as I want (about $225/K this year!), while you, as an employee of someone else, c...
by Culture
Sun Feb 12, 2012 5:54 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

I guess after considering everything, the biggest I want to carry a mortgage is as a "bet" that I cam going to win on the interest rate side. However, as Harold says, I am essentially betting against the market on this issue. Even though I think I am right, Harold is probably correct that ...
by Culture
Sun Feb 12, 2012 5:48 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

This taxable income, or other taxable income like IRA withdrawls to pay the mortage would not only of course be taxed but each dollar of this taxable income could also cause up to an additional 85 cents of your social security to be taxed within certain income ranges. Fortunately for me all of my S...
by Culture
Sat Feb 11, 2012 9:53 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

I probably was influenced by this thread, among others, that feels to me that some here do take a sexist view of women: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=89487&start=50 Seriously, that one made me kind of sad also, in the "I cry for America's future" kind of way....
by Culture
Sat Feb 11, 2012 9:50 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

Not stated was the taxes to be paid on an additional 9% withdrawal from assets to pay for the house in-full. Perhaps a mortgage would allow a lower tax rate on the same net amount if withdrawn over a number of years to pay the mortgage. This is a good point that I had not considered in my analysis....
by Culture
Sat Feb 11, 2012 9:47 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

A couple of fascinating behavioral finance items I see in your post: 1) No view of debt as a financial burden (if anything, you seem to be viewing debt as a financial positive) 2) No assessment of the shift in risk due to either approach 3) Confidence in your inflation guess over the consensus infl...
by Culture
Sat Feb 11, 2012 9:28 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

The heart of the issue is misogyny? Well, if I was female, the answer could just has easily been keep your husband happy. That said, it probably would have been a better choice to say "keep your spouse happy." I don't think anyone would ever suggest that advice was rooted in misogyny or m...
by Culture
Fri Feb 10, 2012 5:38 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Re: Would you take out a mortgage or pay cash?

I was anticipating some sort of very esoteric analysis involving yield curves, Macaulay duration, emerging market bond default rates and possibly even a reference to string theory. The Bogleheads have instead, like a laser, gone straight to the heart of the issue :-).
by Culture
Fri Feb 10, 2012 5:15 pm
Forum: Investing - Theory, News & General
Topic: Would you take out a mortgage or pay cash?
Replies: 70
Views: 6601

Would you take out a mortgage or pay cash?

My wife and I are retiring in two years. In preparation, we are currently in the process of purchasing our retirement (post-kids/post-work) home. We are most likely going to spend about 9% of our gross assets on the house, up from 4% currently (investable assets plus current real estate value). With...