Search found 418 matches

by bltn
Sun Jun 23, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 390
Views: 46374

Re: Losing a job in your 50's...

Thank you, CyclingDuo, you're very welcome. With 377 posts to date, I'd say you have accomplished your objective very well. There were some remarkable reports in the thread and I'm sure more to come. Thanks for the topic. I wanted to add an excellent pertinent article to this thread from The Atlant...
by bltn
Thu Jun 20, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: My TERM life insurance policy
Replies: 10
Views: 1229

Re: My TERM life insurance policy

Just trying to gauge if I got a good deal. I picked my policies from term4sale. I went with a laddered plan, so that policies will fall off as I become more financially independent/self-insured. I'm 32, non-smoker, no medical conditions or major risk factors. I have a family and am a high-income pr...
by bltn
Thu Jun 20, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 2906

Re: Another Can I retire Post? - Age 58

Without fine tuning it too much , if I were your position, I would plan on saving and working another couple of years. Then, I would not quit my current job until I had the consulting job or another part time job that I like better locked up. When, or if, the market corrects in the next few years, I...
by bltn
Wed Jun 19, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 54
Views: 9079

Re: Can I retire in 1 year at 53

With a 3% withdrawal rate you should be fine, financially. I would make sure all your assumptions and numbers are accurate. As to whether you can adjust psychologically to being retired, you ll probably be fine. I ve seen some, mostly relatively high achievers, who got bored with retirement and some...
by bltn
Mon Jun 17, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3871

Re: Should we retire in 4 years?

4% of 1.2 million is 48k. Does your current expense of 45k/yr include taxes? Does your 45k include budgeting for occasional high priced expenses like roof or hvac replacement? Will your expenses remain 45k/yr for the next 4 years? These are the kind of things I think about. For me the numbers are a ...
by bltn
Sun Jun 16, 2019 9:03 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4278

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by bltn
Sun Jun 16, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2508
Views: 1593988

Re: Short Term Asset Allocation

abuss368: My 25% bond and 75% stock allocation is carefully considered. At age 95, with a life expectancy of 3 years, planning is simplified. :wink: Best wishes. Taylor Taylor Many thanks for the years of advice. I m trying to pass these BH recommendations on to my kids. This knowledge is an import...
by bltn
Sun Jun 16, 2019 1:49 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 37333

Re: How Bad was 2008, really?

We stemmed the damage by borrowing from our children and learned little from the loan. The systemic issues are the same with only a wounded Dodd-Frank left as response to the situation. One could take the message as that the US will borrow to keep the music playing as long as the bonds will sell. T...
by bltn
Sat Jun 15, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4803

Re: Should I call it quits?

Sounds like you are in your 20’s or early 30’s. Don’t stop working. You haven’t provided any numbers but you probably aren’t ready to retire. Your wife could lose her job. College expenses. Inflation. Keep working. Keep saving. If you don’t have kids I’d say stop working, sail around the world, etc...
by bltn
Fri Jun 14, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "Professional Trustee?"
Replies: 44
Views: 2977

Re: Do I need "Professional Trustee?"

There is definitely an advantage to having a professional trustee, but if I were going to pay 1.25% to the trustee I would certainly retain a qualified corporate trustee, not the attorney who drafted the instrument who could not have the combined skills of a corporate trustee nor the perpetual exis...
by bltn
Fri Jun 14, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5441

Re: Job opportunity - KSA/Bahrain

It may well be a fabulous adventure of a lifetime and you may never have regrets even if both you and your buddy end up broke. But still friends. Nothing ventured, nothing gained. Nothing really to do with most of the comments posted above. Some people relish adventures, some do not (most BHs?). Tr...
by bltn
Fri Jun 14, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5441

Re: Job opportunity - KSA/Bahrain

True BHs do not even relish the excitement of picking individual stocks! Probably asking for advice on the wrong forum :confused Agreed, we're a boring bunch :mrgreen: After spending a bunch of investment money on adventures early on, I began to realize the value of being boring. I m glad I stopped...
by bltn
Thu Jun 13, 2019 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 57
Views: 3729

Re: Short-term money needs for Executor of Estate

willthrill81 wrote:
Wed Jun 12, 2019 9:26 pm
My wife is the beneficiary of all accounts in my name. As soon as the institutions have my death certificate, the money is hers. No probate would be needed.
Nice way to avoid probate without the need for trusts to accomplish this transfer.

Simplicity is usually a good thing.
by bltn
Wed Jun 12, 2019 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5441

Re: Job opportunity - KSA/Bahrain

No offense, OP, but people doing low experience IT jobs can find work in Bahrain for as much or more, living in a private compound with private security, housing and food paid for. You are barely compensating for the risk you are taking. If you've never been to the Middle East, I suggest you take a...
by bltn
Tue Jun 11, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5441

Re: Job opportunity - KSA/Bahrain

I considered an employment opportunity in Saudi Arabia early in my career which would have doubled my income and provided some nice income tax advantage. I thought about moving over there for a few years to accumulate a nice nest egg, and then returning home. I ve realized that for us, that would ha...
by bltn
Tue Jun 11, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

Houses are a cost not a revenue source. If I am to believe Zillow my house appreciated 50% in the last 6 years. It is not a revenue source now but it definitely a nice NW source. While I do consider my home equity part of my net worth, a large home is not a source of financial security , unless I p...
by bltn
Sun Jun 09, 2019 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9104

Re: Do you carry Umbrella Insurance?

I carry the maximum they would write without going to underwriting. I think it is a $5M policy. I did not consider my net worth when I bought the original policy. I carry $4m. I didn t consider my net worth when buying that amount. I don t see how the amount of your umbrella policy should be based ...
by bltn
Fri Jun 07, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Money Deposited into my bank account in error
Replies: 10
Views: 1093

Re: Money Deposited into my bank account in error

I would feel better if I reported the error. I still think about my father s emphasis about the importance of integrity. He was referring to business dealings, but that was how he lived his life in general . I was lucky to have that kind of role model. I ve tried to teach values based on my father s...
by bltn
Fri Jun 07, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund to pay debt
Replies: 25
Views: 1755

Re: Emergency fund to pay debt

As a moderately massively risk adverse person, I would keep my emergency fund for emergencies and find ways to cut my discretionary spending until the debt was repaid. Some people are comfortable with less contingency money, just like some are content with less insurance. I personally place a higher...
by bltn
Thu Jun 06, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

The only house we ever built was our current vacation home at the beach. I had an opportunity to get a desirable lot at a good price in an area where comparable lots were becoming more scarce. I bought the lot as an investment/potential home site. Two years later, in a hot market, our realtor came t...
by bltn
Mon Jun 03, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37378

Re: For those who earn $500k+ per year. How'd you do that?

I chose a career where I knew I'd never make millions. It is stable with good benefits and higher than average pay. Sometimes I dream of chasing the big bucks and wonder what specific skills have lead to people earning ultra-high incomes. If you earn over $500k/year, what's your story? I chose a ca...
by bltn
Sat Jun 01, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14947

Re: Fun paid jobs after FIRE

greg24 wrote:
Wed May 29, 2019 9:00 am
Little league umpire.
Being an umpire is a fun job?? Some of those parents can get pretty rough.
by bltn
Fri May 31, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4884

Re: FIRE in 6-7 years vs 20+ years

With your medical training, you and your wife have more job opportunities than more than 90% of the population. Work for a couple of years, knock your student loans down, and put as big a chunk of money away as you can. Then look at your opportunities. And you re right. As a private contractor, you ...
by bltn
Fri May 31, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

As I read the last page of replies and put myself in your situation, I get a bit more concerned about building a custom house for 2.3 million dollars in a community where the median house appraisal is 800,000. Buy the land, if you can pay it off in a year, then sit on it for two or three years . The...
by bltn
Fri May 31, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

New wrinkle. Let's say we can buy the land and delay construction for 2.5 years. Let's say the interest rate on the land loan is 5.5% and we pay off the entire balance in 24 months. Let's say at the end of 2.5 years we have 1 mil saved to put down (including value of land, current home equity and c...
by bltn
Fri May 31, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21659

Re: Can I afford this 2.3 million dollar home?

[*]
cmoney2011 wrote:
Fri May 31, 2019 9:14 am
New wrinkle.

See my post below.







Any takers?
by bltn
Wed May 29, 2019 8:45 pm
Forum: Personal Investments
Topic: Too many eggs in one basket?
Replies: 43
Views: 4891

Re: Too many eggs in one basket?

After reading two of the last three posts, I m wondering if this is really the Bogleheads Forum! The idea that getting rich involves concentrating your investments and staying rich involves diversifying your investments is a cute concept. In other words, you have a good bit of luck with timing and o...
by bltn
Wed May 29, 2019 4:14 am
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3045

Re: "Soft" question on student loans

I remember as a preteen hearing my parents talk about their main reason for saving money. They wanted to accumulate enough to send their kids to college. No talk of retirement. The idea of paying for college seemed daunting for our middle class family, but it was important to them. My father was the...
by bltn
Mon May 27, 2019 3:26 pm
Forum: Personal Investments
Topic: Too many eggs in one basket?
Replies: 43
Views: 4891

Re: Too many eggs in one basket?

In the last five years, I ve sold out ownership positions in three small companies. No home runs, but two doubles and a triple. Maybe two triples. These sale proceeds added only a small fraction to my investment portfolio. I mention this because, as I put myself in your position, you ll understand m...
by bltn
Sun May 26, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: 29 year old engineer introduction and seeking advice
Replies: 23
Views: 2786

Re: 29 year old engineer introduction and seeking advice

Your salary is very low for your degree and experience. I graduated about 10 years ago as an engineer and everyone I knew with a similar degree had a higher starting salary. It is good that you like your job, but it seems time to go. The future of the company doesn't seem bright and you are already...
by bltn
Sun May 26, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7217

Re: “Upsizing” are we foolish?

Slinky wrote:
Sun May 26, 2019 8:11 pm
You have the money, just beware of the traps of a bigger home. It will all add up so you need to be prepared that it will cost more than just the initial outlay.
Good point.
by bltn
Sun May 26, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7217

Re: “Upsizing” are we foolish?

What's wrong with a 60+ year old house? The older construction is often sturdier than the newer. Of course it can have issues but so can a 20-year-old house, or even a 2-year-old house. Would it be cheaper if you bought an older place and renovated to bring it to your preferences? If you are curren...
by bltn
Sun May 26, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10769

Re: 4M 70K expenses would you stop?

I would suggest they increase their spending to 90,000 dollars annually and take out any additional as needed to pay their taxes. When their social security starts, they ll get another raise.
by bltn
Sun May 26, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7217

Re: “Upsizing” are we foolish?

Congratulations on your retirement money accumulation at your age. I think you could increase your house size to around 2500 square feet if you really think it is desirable. What is enough room in a house is subjective with different people having different ideas about that. For you to have accumula...
by bltn
Wed May 22, 2019 9:54 pm
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 8696

Re: $400,000 gift to stepdaughter

A few points. I'll try to be brief. 1 - I'm sorry for your loss, OP. 2 - You are doing a very kind thing, sir. Much respect. 3 - The idea that 15k per year is basically nothing... I mean... WTH? I love this site, but I do think there is an income bias here. I can tell you that for the vast majority...
by bltn
Wed May 22, 2019 3:24 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 75
Views: 6277

Re: "Steelmanning" the case for owning individual stocks

Your proposed endeavor reminds me of something I tried 25 years ago. Diversification, decreased correlation with the returns of my retirement fund, and lots of control over the investment. I tried to buy and manage rental real estate. A chance for outsized returns with the leverage. Poor liquidity, ...
by bltn
Wed May 22, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: What would you do - Large Commission (Bonus)
Replies: 23
Views: 2013

Re: What would you do - Large Commission (Bonus)

I would put as much as possible on the mortgage but still hold some aside for personal enjoyment, ensure all retirement accounts are going to be fully funded this year and next and maybe bump up the 529's a little bit. You could have a paid for home within a year or two easy which will allow you to...
by bltn
Mon May 20, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10236

Re: completely freaked out about withdrawing from retirement accounts....

Fixed Return Fund - TRS TRS NYC › memberportal › Investments The Fixed Return Fund offers a guaranteed rate of return set by the New York State Legislature in accordance with applicable laws. The current annual rate is 7% for members who are serving in (or resigned/retired from) titles represented ...
by bltn
Mon May 20, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

Yes, for summer jobs. And consider having the kids contribute something to their college education costs. I don t recommend kids working during the school year. They should spend their time studying, and afterwards, socializing with their friends. Both are important parts of their development. One o...
by bltn
Mon May 20, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Aiming to Retire End of 2019 - Abit Scared
Replies: 45
Views: 5748

Re: Aiming to Retire End of 2019 - Abit Scared

So 4% of the pension lump sum is 5000/month before taxes. Any inflation adjustment will depend on your money management , including adjustments in spending, and the markets . The security of the pension depends in part on the likelihood of your company to be around another 35 years. With the pension...
by bltn
Sat May 18, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17979

Re: High net worth, elite private or “good” public

Their high school stratified students academically. The top 20-30 students took many of the same classes together and had the same teachers. The same for the next 25-30 students down the academic ladder. That can be dangerous for some kids. My kids are somewhat slow developing. My son was tracked t...
by bltn
Sat May 18, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5618

Re: Mortgage in Retirement

Even if you disagree with the specifics of the simulation that Karsten conducted, it doesn't change the fact that any fixed expense in retirement increases sequence of returns risk compared to the absence of a fixed expense. It's a mathematical fact. If one needs $60k a year to live does it matter ...
by bltn
Sat May 18, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5814

Re: Probate costs?--I am the sole heir and the executor

... the work to probate a 3 million dollar estate is about the same as the work for a 6 million dollar estate of similar complexity. Why would the legal probate fees be twice as much in that case? ... The work to probate the Will (and to do the probate related forms) is the same for a $3 million es...
by bltn
Sat May 18, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17979

Re: High net worth, elite private or “good” public

I went through a fairly well regarded public school system, probably no better than the one your children are attending. My wife was transferred from a well regarded public school system to attend a private high, out of state. To both of us education for our children was a priority for our money. Ou...
by bltn
Fri May 17, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5814

Re: Probate costs?--I am the sole heir and the executor

I also think an attorney can be arranged on an hourly basis with a maximum fee , negotiated. The friend s estate, with a bank account, some stock certificates and two houses seems very simple both to administer and to probate . A 45,000 dollar probate fee is 90 hours of work for a lawyer charging 5...
by bltn
Fri May 17, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5814

Re: Probate costs?--I am the sole heir and the executor

I also think an attorney can be arranged on an hourly basis with a maximum fee , negotiated. The friend s estate, with a bank account, some stock certificates and two houses seems very simple both to administer and to probate . A 45,000 dollar probate fee is 90 hours of work for a lawyer charging 50...
by bltn
Thu May 16, 2019 9:04 pm
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3282

Re: Income stream post retirement.

...Your hypothesis is that one would spend more if the guaranteed cash flow were higher. That is true for some and not for others. The key to dbr's point being essentially correct is "simply to engineer the mechanics of withdrawing money." I agree with your point that for some , the insurance premi...
by bltn
Wed May 15, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5731

Re: Can we really afford $1.25M house?

We have 3 and we feed them natural food and they get walked by a dog walker once a week lol. Toys, bones, vets. Not that hard when you add it all up. We love them though, they are well worth it. And I thought we were overboard when we fed our last dog hot dogs and fried chicken every day. That s al...
by bltn
Wed May 15, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 4828

Re: Move out or stay at my parents?

Call me old fashioned but I think a man needs to stand on his own two feet by 28. Also call me old fashioned but the girls who are cool with a 28yo guy still living in his parents’ basemen are not the girls you’ll want to keep around. A little extra money/savings is nice, but self sufficiency is in...
by bltn
Mon May 13, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 10682

Re: What is your U.S./ex-U.S. stock allocation?

All the big banks were expecting Europe and EM's to outperform in 2019, so far - nothing. I tend to agree with you, they must be just looking at PE metrics. Right, and even that isn't well-argued. It's true that the current US P/E is significantly higher than its historical average, but that is als...