Search found 66 matches

by SandysDad
Wed Sep 11, 2019 9:41 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 159
Views: 7450

Re: How old is your cellphone? Security

There are security issues. The iOS12 emergency update this year was pretty scary. Basically they could get access to almost anything on your phone just from you visiting a website.... don’t need to click. Just visit. If your phone gets so old you can’t update it you run the risk of someone being abl...
by SandysDad
Tue Sep 10, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 10828

Re: Did I commit a tipping faux pas?

I have pretty much had it with tips being expected in non sub minimum wage jobs. My rule is simple. If it’s not a full service restaurant or other sub minimum wage job, it’s optional. I frequently do it, but it’s my choice and I don’t feel guilty if I don’t. I do tip for above and beyond service. Li...
by SandysDad
Wed Sep 04, 2019 7:50 am
Forum: Personal Investments
Topic: Has the bond bubble finally arrived? If so, is anyone doing anything about it?
Replies: 88
Views: 9716

Re: Has the bond bubble finally arrived? If so, is anyone doing anything about it?

While some bond advocates are cheering how their LT bonds are up so far over past 12 months, those gains are fleeting. Basically it is just getting higher value off an EXISTING bond investment because one locked in a higher rate some time ago. Guessing where interest rates are headed is speculation,...
by SandysDad
Wed Sep 04, 2019 7:28 am
Forum: Personal Investments
Topic: New job - Employer Roth and 401k(pre-tax) contributions
Replies: 15
Views: 690

Re: New job - Roth 401k(pre-tax) contributions

One thing to think about is IF you maximize your contributions to your 401K, you are getting more $$$ invested with Roth 401K than w/ reg 401K. This is because the 19k per year will be taxed on the way out with reg, and the 19K is already post tax w/ Roth. That being said, I think a goal should be t...
by SandysDad
Tue Sep 03, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 125
Views: 10509

Re: Paying off mortgage early - am I thinking about this right?

I think your equivalent bond interest rate of 4% is way too high. As long as you have liquidity after paying it off (which you say you do), think of it as follows: - what is your target asset allocation now and say 7 years from now - how much do you current have in bonds for that AA? - if you subtra...
by SandysDad
Fri Aug 30, 2019 8:52 am
Forum: Personal Investments
Topic: Sold my Business (2.2 Million)! Where to store proceeds while I think?
Replies: 81
Views: 9202

Re: Sold my Business (2.2 Million)! Where to store proceeds while I think?

for simplicity and safety consider putting at least 1/2 of this into laddered CDARS so you have the FDIC insurance on the full amount but don't have to track it w/ a bunch of institutions.

Here is a write up on them.
https://www.cdars.com
by SandysDad
Fri Aug 30, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Pay off house before retirement or have available cash?
Replies: 84
Views: 6795

Re: Pay off house before retirement or have available cash?

You have $1.7 million in savings ($1.5 million in equities and $200k in a money market fund). If you do decide to invest the $200k, consider a total US market bond. You say you are risk averse but your current asset allocation of 88/12 (equities/cash) is very aggressive for your age/retirement targ...
by SandysDad
Mon Aug 26, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast Grievance - How to get their attention?!
Replies: 43
Views: 3070

Re: Comcast Grievance - How to get their attention?!

One of your issues is that Comcast residential has NO SLA (service level agreement). In other words, legally you are out of luck. However there is an easy way to get their attention. File for “binding arbitration “ in your case. Per their customer agreement they have to pay for this. They don’t want...
by SandysDad
Sun Aug 18, 2019 6:40 am
Forum: Personal Consumer Issues
Topic: How to save on international business class fares for family
Replies: 29
Views: 2357

Re: How to save on international business class fares for family

No one even mentioned toddlers in business class yet!! :D
by SandysDad
Fri Aug 16, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 4511

Re: Any retired person have stocks and cash I was thinking about a 70/30

Of my stocks bonds and cash 55 percent is stocks. Split about 60 domestic and 40 intl.

I should caveat that about 1/3 of my NW IS alternatives mostly real estate.
by SandysDad
Fri Aug 16, 2019 1:02 pm
Forum: Personal Investments
Topic: AA on real estate for overall portfolio?
Replies: 20
Views: 1212

Re: AA on real estate for overall portfolio?

Just curious OP. Did you buy at those high CAP rates or did you work the properties income and expenses over a few years to get them there (ie if the latter you bought at 8 CAP but then leased up to make it a 10 CAP)? Either way, nice job. You have gained a lot of value. If you have a property where...
by SandysDad
Fri Aug 16, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 4511

Re: Any retired person have stocks and cash I was thinking about a 70/30

[/quote] I'm not retired but when I am I think I'll keep 5 years living expense in a stable value fund and the remainder 100% stocks. [/quote] I used to think this way, then I realized that is 80/20 based on 4% wr. How would i rebalance in a long term down market to stay at 80/20. If the market went...
by SandysDad
Fri Aug 16, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 4511

Re: Any retired person have stocks and cash I was thinking about a 70/30

A 70/30 allocation would have worked just fine during the great depression withdrawing 3% per year and a globally diversified 70/30 portfolio would have worked for a Japanese investor. The point was not about survivability, but how well the overall portfolio would do. The OP has already won the gam...
by SandysDad
Fri Aug 16, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 26499

Re: Social Security -- Take it at 62, 67 or 70

If you will be on ObamaCare before 65 don't forget to calculate your MAGI and the effect on it! Also, as others have stated look at RMD's and taxation. I would buy a copy of Mike Pipers book and apply his knowledge. Social Security Made Simple. And use the open social security calculator others ment...
by SandysDad
Fri Aug 16, 2019 8:29 am
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 4511

Re: Any retired person have stocks and cash I was thinking about a 70/30

I know the market can be down 5-10 years. If I am frugal I can hold out 10 years. I will need this to cover 75% of the bills. 5-10 years is your "worst case"? IT took over 20 years after great depression. Japan still hasn't recovered after 30 years. As others stated at current rates having cash vs ...
by SandysDad
Fri Aug 16, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning tools - MaxiFi, Fire Calc, etc?
Replies: 33
Views: 2385

Re: Financial planning tools - MaxiFi, Fire Calc, etc?

Without getting into the tools that do it, I would pick three that do it these ways: 1. One that looks at investment performance, income and expenses in a static way over time (ie Inflation and returns are same year to year). 2. One that looks at this on a "historical" basis and tells you if your po...
by SandysDad
Fri Aug 16, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: When to move into retirement
Replies: 72
Views: 5463

Re: When to move into retirement

A good forum to post and get advice is early-retirement.org
Look thru the many threads there, and consider introducing yourself.
by SandysDad
Fri Aug 16, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Debating a 4.25 to 3.375 refi
Replies: 28
Views: 1906

Re: Debating a 4.25 to 3.375 refi

General advice is never to time rates. I have family in the business, one key trend is they rise quickly in response to changes in 10 year t note, but fall slowly in response to it. Given the volatility this week, I would at least wait a short bit to see if you can do better..... or find a lender th...
by SandysDad
Thu Aug 15, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Need Creative Solutions for Billing Expenses to Renter
Replies: 27
Views: 2360

Re: Need Creative Solutions for Billing Expenses to Renter

Just put in the lease a % of electric bill, and have them pay that. I did that for 19 years with a rental. Worst thing ever to happen was a tenant asked for a copy of the bill occasionally.

I do the same for water as in cities, water and sewer prices are going thru the roof.
by SandysDad
Thu Aug 15, 2019 9:33 pm
Forum: Investing - Theory, News & General
Topic: Switch AA 10-year to 2-year Treasuries?
Replies: 61
Views: 3978

Re: Switch AA 10-year to 2-year Treasuries?

in my IPS I look at the term premium for my bond investments. Based on long term averages I keep my duration at or under 2 years if 2/10 year premium is <1%. I invest in a mix of duration if term premium is 1-2%. And if over 2%, then I tilt my investments to longer term. There has not been a good te...
by SandysDad
Thu Aug 15, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: question about Anthem announcement: not paying for outpatient MRI and CT
Replies: 14
Views: 1901

Re: question about Anthem announcement: not paying for outpatient MRI and CT

Cant the doctor just write the script for the type of scan and equipment needed?
by SandysDad
Thu Aug 15, 2019 9:10 pm
Forum: Personal Investments
Topic: Is solo 401k for sole-proprietor landlord possible?
Replies: 4
Views: 512

Re: Is solo 401k for sole-proprietor landlord possible?

Only earned income qualifies for a solo 401k. So passive rental income from schedule E doesn't help. I'm not sure if it's possible (or even advisable) to restructure your passive rental income as business that pays you a salary or generates schedule C self employment income but that would be the wa...
by SandysDad
Thu Aug 15, 2019 8:56 pm
Forum: Personal Consumer Issues
Topic: Request help with Orbi router setup
Replies: 13
Views: 1040

Re: Request help with Orbi router setup

Return it and get a Linksys Velop TRI-BAND. Zero problems or headaches.
by SandysDad
Thu Aug 15, 2019 8:46 pm
Forum: Personal Investments
Topic: AA on real estate for overall portfolio?
Replies: 20
Views: 1212

Re: AA on real estate for overall portfolio?

1st OP, you stated commercial CAP rates you are seeing when you buy are 9-11%???? Thats high. I think you might be saying your cash on cash is 9-11%? Typical commercial RE CAP rates in 2019 are sub 5% for Class A in the best markets, to maybe 9-10 for class C in tertiary markets. Just so we are all ...
by SandysDad
Thu Aug 15, 2019 8:25 pm
Forum: Personal Investments
Topic: Should we buy bond mutual funds now?
Replies: 30
Views: 4744

Re: Should we buy bond mutual funds now?

Right now CD's can offer you much better returns than equivalent treasuries. So I would buy those. Hunt for yield. Still a few for 5 yrs at 3-3.5%. While many are cheering the NAV increase in LT 10/30 year notes, one should remember that can go both ways (up or down). I focus on yield and duration o...
by SandysDad
Thu Aug 15, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: 30 year treasury yield drops below 2% for the first time in history
Replies: 41
Views: 5385

Re: 30 year treasury yield drops below 2% for the first time in history

I think in large part the decline in 10 / 30 year notes is due to foreign money flowing into US since many intl rates are negative. I simply won't put my money in a negative yielding govt insured bond. But if the US follows europe I suspect banks may have to charge to hold my cash assets. What to do...
by SandysDad
Wed Aug 14, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: Domestic returns next 10 years
Replies: 45
Views: 3044

Re: Domestic returns next 10 years

No one knows what valuation multiples will be in the future, but I do think, one can predict the underlying fundementals to some extent. That is returns at the same multiple should equal: Dividends + Inflation + GDP = Total return. So assuming 1.8% dividends, 2% inflation, and 2.5% GDP total is 6.3%...
by SandysDad
Wed Aug 14, 2019 9:25 am
Forum: Personal Investments
Topic: Any good add on CD deals?
Replies: 3
Views: 793

Re: Any good add on CD deals?

Check out GTE credit union. Easy to become a member.
by SandysDad
Mon Aug 12, 2019 4:43 pm
Forum: Personal Investments
Topic: Should Bonds be removed from Asset Allocation
Replies: 49
Views: 3550

Re: Should Bonds be removed from Asset Allocation

I consider Money Market, CD's, Commercial Bonds, and Treasury Bonds, and TIPS all part of the same general "bond mix" and I keep a mix of duration, insured / not insured etc.
by SandysDad
Mon Jul 29, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?
Replies: 21
Views: 1753

Re: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?

At current interest rates, I don't think 1K on 120K house will be very profitable. Will probably make "some" money, but not much. When you do your analysis. Base it all on current cash flow and current prices. Don't forecast price growth in rents or value. That way you can afford to hold it thru the...
by SandysDad
Fri Jul 19, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: What metrics do you use when evaluating potential real estate investment?
Replies: 10
Views: 668

Re: What metrics do you use when evaluating potential real estate investment?

Calculate the CAP rate. Look it up but it is basically income minus all expenses except interest. Be sure to allow for vacancy,turn over costs and occasional capital needs like HVAC and roof. Is the CAP rate significantly higher than your cost of funds(prospective mortgage rate). If it isn’t higher ...
by SandysDad
Mon Jul 15, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 199
Views: 9107

Re: Medigap vs Advantage: Which did you select?

I'd prefer not to risk being subjected to medical underwriting if I were to initially opt for an Advantage Plan here and then end up in a state with sub-par Advantage networks AND then want to go back to a supplement policy instead. This deserves an attention. When you try to move from an MA to an ...
by SandysDad
Fri Jul 05, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Land in FEMA Flood Plain
Replies: 23
Views: 1703

Re: Land in FEMA Flood Plain

Flood insurance for commercial properties is limited in $$$. If you have a loan on the property your lender will require you to have it (FEMA or regular) if the property is in a flood plain. Flood zones re typically redrawn every 8-10 years. Sounds like you could build your building outside the floo...
by SandysDad
Fri Jul 05, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8545

Re: Would we regret buying a 2nd home?

How can anyone tell the OP whether they will regret it or not?

But I would say this.... if it is not a strain on you financially to walk away from the total purchase price of the 2nd home if you needed to do so.... why not roll the dice and find out for yourself if you will regret it or not?
by SandysDad
Thu May 23, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Health Shares - Need your opinion!?
Replies: 44
Views: 2803

Re: Health Shares - Need your opinion!?

I would surmise that 99.x% of Health Sharing Ministry participants are satisfied with their choice because 99.x% of their participants have not had six or severn figure claims to deal with. If regular insurance companies were allowed to deny large claims, expensive prescription drugs and preexisting...
by SandysDad
Thu May 23, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: For delinquent Credit Card acct can the bank do an ACH Withdrawal w/o my O.K.?
Replies: 8
Views: 933

Re: For delinquent Credit Card acct can the bank do an ACH Withdrawal w/o my O.K.?

Assuming you have good credit, do you really want to mess it up over this? If you get 30 days past due (which a failed chargeback will be if not paid) your credit will be effected. Better to 'follow the process' IMHO. See if you have binding arbitration with your credit card company or not and who p...
by SandysDad
Fri Mar 29, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 88
Views: 11790

Re: [Retiring before 65: How do you deal with health insurance?]

Our thought is to choose a bronze plan and think of it as a catastrophic policy. The cost will be 540-600 a month with a 4,000 to 7,000 deductable. But it will protect us if there happened to be bills greater than the max out of pocket of 7,350. We've narrowed it down to two choices: 540/mo plan wi...
by SandysDad
Thu Mar 14, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fraction of insurance companies revenue goes to paying out claims?
Replies: 34
Views: 2532

Re: Fraction of insurance companies revenue goes to paying out claims?

If you want one that will make your blood boil, look at Title Insurance for real estate. The payout ratio is 5%. No I did not forget a zero! I had a claim once, it was borderline fraud the way they tried to tell me they did not have to pay and I was not insured for the matter at hand. Had to hire my...
by SandysDad
Thu Feb 28, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 11947

Re: When were you convinced that you had more than enough money?

Not for me, but what I see in others is when they sense the end is getting closer late in life they realize they won’t spend it all and ramp up donations gifts etc.

I think it is more of a function of the end being closer than that they saved X amount
by SandysDad
Tue Feb 26, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is the Chase Sapphire Preferred card any good?
Replies: 61
Views: 4259

Re: Is the Chase Sapphire Preferred card any good?

Here is my chase strategy. I use 2 cards: Chase Sapphire RESERVE ($450) Chase freedom unlimited ($0/ yr) All the points I earn on Freedom unlimited I transfer on Chases site to my sapphire reserve account. Freedom pays 1.5 its on all spend. I use it for all my shopping etc. Then when I redeem points...
by SandysDad
Thu Feb 21, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: Tip amount for daily newspaper delivery
Replies: 40
Views: 6200

Re: Tip amount for daily newspaper delivery

I delivered papers as a kid. What I remember was zero tips all year and then big money at Christmas. What I learned then and still observe now about tipping. You give everyone the same service. Some people tip well and some tip little or nothing BUT what was true then and is true now is “the complai...
by SandysDad
Thu Feb 21, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3640

Re: Do tax accountants add any value?

As the complexity goes up their value increases. For me the big value is risk mitigation. An experience enrolled agent knows what is a flag and what is not. They also know how to make sure you don’t mischaractoriZe somethingnthat increases risk of audit. For me it is not about saving money. It’s abo...
by SandysDad
Mon Feb 18, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 69
Views: 4555

Re: Best PAID music streaming service?

I am going to answer a question you did not ask. You want the cd’s you purchase for your whole life. I would avoid getting rid of them but if wifey makes you I would store the lossless versions in two places for safety. One “on premis” and the other in a cloud account YOU control. I dont mean store ...
by SandysDad
Wed Feb 13, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Water damage from upstairs neighbor - insurance, subrogation, other recourse?
Replies: 52
Views: 13302

Re: Water damage from upstairs neighbor - insurance, subrogation, other recourse?

I think you have two approaches: 1. Continue w/ insurance company handling so you can not deal with this and understand you may be out deductible OR 2. Decide to play hardball. Let her know you intend to release full documentation to everyone if she doesn't cut you a check for the deductible (on the...
by SandysDad
Tue Feb 12, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Check for abandoned property -- worked twice for me
Replies: 58
Views: 9158

Re: Check for abandoned property -- worked twice for me

I did it a few years ago and got some extra money from an old real estate settlement.

This is one of those things that should be on everyone’s once a year calendar.
by SandysDad
Tue Feb 12, 2019 11:29 pm
Forum: Personal Investments
Topic: Will this cause an audit ?
Replies: 28
Views: 3307

Re: Will this cause an audit ?

Tax advice from CPA years ago “take all the deductions you are entitled to”. “Don’t let fear of audit make you pay more than you have to”
by SandysDad
Sat Feb 09, 2019 2:40 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 378
Views: 63130

Re: Roll Call for the Retirement Class of 2018!

Just saw this thread now. I retired 04/30/2018 at 52. Congratulations SandysDad and Welcome to this Fantabulous Retirement Roll Call - never too late to join! So, as my kids would say, "whassupp??" How has this first year of retirement been for you? Decluttering the house and garage? :mrgreen: , tr...
by SandysDad
Sat Feb 09, 2019 8:38 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 378
Views: 63130

Re: Roll Call for the Retirement Class of 2018!

Just saw this thread now. I retired 04/30/2018 at 52.
by SandysDad
Fri Feb 08, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Another Bay Area home advice thread
Replies: 44
Views: 3556

Re: Another Bay Area home advice thread

You didn’t mention what it would cost to rent something like this 1.2m condo. When you compare the potential rent vs the PITI and hoa fee how do they compare?
What about when you factor in the return on your substantial down payment?