Search found 3447 matches

by texasdiver
Sat Sep 19, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: Which snow tires for serious snow commuting?
Replies: 27
Views: 1145

Re: Which snow tires for serious snow commuting?

Thanks guys. Yes, Stevens Pass. She has a room lined up maybe an hour from the resort. I will STRONGLY be encouraging her to use the employee shuttle and maybe they will be required to anyway since parking is limited. But she is also 22 and doesn't always listen to dad so I want to make sure her car...
by texasdiver
Sat Sep 19, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: Which snow tires for serious snow commuting?
Replies: 27
Views: 1145

Re: Which snow tires for serious snow commuting?

Is she going to store them over the summer? If she doesnt have the place to store or want to mess with that a good all weather tire like the Firestone Weathergrip could be an option for all year long. They'll probably get stored in my garage or basement during the rest of the year. Price I'm willin...
by texasdiver
Sat Sep 19, 2020 4:21 pm
Forum: Personal Consumer Issues
Topic: Which snow tires for serious snow commuting?
Replies: 27
Views: 1145

Re: Which snow tires for serious snow commuting?

Blizzak or X-Ice. Blizzak better in deep snow. X-Ice better on icy roads. I’ve used both and you can’t go wrong with either. They’re very close in performance and probably the best winter tires there are. Our local Costcos here in the PNW seem to stock up on Blizzaks every winter but X-Ice are a sp...
by texasdiver
Sat Sep 19, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Which snow tires for serious snow commuting?
Replies: 27
Views: 1145

Which snow tires for serious snow commuting?

My daughter has landed a ski resort job for the upcoming ski season in WA at a resort where the average annual snowfall is 460". She will most likely be commuting up there from one of the nearby mountain towns for a daily commute of 30-40 miles each way if she doesn't ride the employee shuttle. It's...
by texasdiver
Fri Sep 18, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 354
Views: 80401

Re: Physician Retirement Savings

**UPDATE** After finding a 5x investment: Age 50 Current Retirement Savings $10.6mm Cash $600k Real Estate Rental Property x 2: equity $1.7mm TNW: $12.9mm Re-assessing whether to continue disability and life insurance, but may wait 5 more years. Umm.....Can I get in on one of those 5x investments! :D
by texasdiver
Tue Sep 15, 2020 11:10 am
Forum: Non-US Investing
Topic: New to investing (Chile)
Replies: 17
Views: 864

Re: New to investing (Chile)

Thanks for your insight texadiver; I have heard both of those brokers before, but i was going with "Renta4" since i can do everything online. Will have to check what options LarrainVial and BTG Pactual can offer. As you mentioned, the idea is to just buy index fund ETFs, and that would probably be ...
by texasdiver
Mon Sep 14, 2020 8:05 pm
Forum: Non-US Investing
Topic: New to investing (Chile)
Replies: 17
Views: 864

Re: New to investing (Chile)

It just so happens that my brother-in-law is an investment banker for one of the largest international banks in Chile (on the commercial investment side) and he is sitting in my living room right now on vacation. So I posed your question to him. He says the best bet for a small scale investor in Chi...
by texasdiver
Sun Sep 13, 2020 11:01 am
Forum: Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 23
Views: 3234

Re: Pension service credit purchase: yes or no?

Curious if you went ahead and did the service purchase, or are still planning on it? We can't purchase ours until the actual retirement process, but can get an estimated cost now if we submit a form to ask for it so we can plan on the cost. CyclingDuo I'm not the OP but when I retired from the Stat...
by texasdiver
Sun Sep 13, 2020 10:56 am
Forum: Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 23
Views: 3234

Re: Pension service credit purchase: yes or no?

Yes, I earned no social security during my 9 years of Texas teaching. But I do have 16 years of social security earnings history prior to becoming a teacher in TX (I started teaching in my 40s). All those years of grad school and Peace Corps without SS earnings are coming back to haunt me! I lost a...
by texasdiver
Sat Aug 29, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 9510

Re: Umbrella Insurance - Worst Case

Someone gave a reason in another thread, which I thought was profound: You purchase a liability umbrella policy for a once-per-year premium amount of say $200 in order to have the ongoing services of a $500/hr lawyer should you need one. This. I have 3 kids (two of them driving age and the third to...
by texasdiver
Thu Aug 27, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an online bank - How to factor in customer service?
Replies: 17
Views: 716

Re: Choosing an online bank - How to factor in customer service?

This is at complete odds with my policy of always keeping things as simple as possible--I spent over a decade painfully working down the number of account I had until both my wife and I can name all of them from memory. If customer service is the issue, a good strategy is to open two accounts at tw...
by texasdiver
Thu Aug 27, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an online bank - How to factor in customer service?
Replies: 17
Views: 716

Re: Choosing an online bank - How to factor in customer service?

I don't recall ever needing to use an online bank's customer service dept. Wait until you need to have a fraudulent charge reversed or a stop check implemented. Then you will be relying on them. My daughter went through this with continued monthly charges from a gym that closed and went bankrupt bu...
by texasdiver
Wed Aug 26, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments
Replies: 28
Views: 5900

Re: Fisher Investments

I live in the home town of Fisher Investments (Camas WA) and a whole bunch of my neighbors, parents on my kids soccer team, and so forth are Fisher guys (always guys, I've never met a Fisher woman). I don't really know that much about the company but all the guys I meet are basically sales guys and ...
by texasdiver
Tue Aug 25, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2778

Re: Advising retired couple on buying second home

Do the children/grandchildren live in an area that would be attractive for short-term AirB&B type rentals? Grandparents could always buy a condo in a good location for short-term rentals, put it on AirB&B and then block out the dates that they want to use it for their own purposes. If one of the chi...
by texasdiver
Thu Aug 13, 2020 2:01 pm
Forum: Investing - Theory, News & General
Topic: Actively managed but operating as buy and hold
Replies: 7
Views: 540

Re: Actively managed but operating as buy and hold

At one point in time I had a similar portfolio to you. I had substantial retirement savings in my Federal TSP plan which is limited to index funds. And I had substantial IRA savings in actively managed funds (Dodge & Cox, 20th Century, Janus, etc.) at much higher fees. What I eventually came to real...
by texasdiver
Mon Jul 27, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 7946

Re: Article claiming 401k no longer "makes sense"

The other flaw with this article and frankly, with much of the discussion of 401(k) plans is that it seems to assume that people's tax brackets or relative place on the median income scale do not change over time. This is almost certainly not true for nearly everyone. Even workers in stable careers ...
by texasdiver
Mon Jul 27, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: PSA: gold
Replies: 63
Views: 5835

Re: PSA: gold

Executive order just signed last week to open what would be one of the world's largest gold mines in Alaska. Tim No. There was no executive order. The Corps of Engineers just issued a final EIS on the Pebble mine that many believe was flawed. There is a long way to go and they still need various st...
by texasdiver
Sun Jul 26, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: PSA: gold
Replies: 63
Views: 5835

Re: PSA: gold

In Jan 2019 when gold was $1,288, Jim Cramer said, "No, this is not the perfect time to buy gold, but I always advocate owning at least a little as insurance against the unknown.". To think that price at that time seemed meh makes me wonder if a year from now we might regard $1,900 as hella cheap ....
by texasdiver
Sun Jul 26, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: Re-Retiring Financially (SWR) After Good Year
Replies: 63
Views: 5411

Re: Re-Retiring Financially (SWR) After Good Year

This is a flawed approach. Insurance companies make money from annuities and pay large commissions, both of these you get to spend increasing your SWR. Secondly, if you don’t care about leaving inheritance to your heirs, you can spend it down to zero — insurance companies don’t model for this (they...
by texasdiver
Sun Jul 26, 2020 2:10 pm
Forum: Investing - Theory, News & General
Topic: Re-Retiring Financially (SWR) After Good Year
Replies: 63
Views: 5411

Re: Re-Retiring Financially (SWR) After Good Year

I think you guys are making it too complicated. 1. Your future returns are basically baked-in. Nothing you do with respect to withdrawal rates are going to affect that. 2. The 4% rule is based on looking at many many past examples of 30-year periods. Those that started at the beginning of a bull mar...
by texasdiver
Fri Jul 24, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: What advice would a 60+ year old BH give to a 40 year old BH ?
Replies: 8
Views: 1485

Re: What advice would a 60+ year old BH give to a 40 year old BH ?

1. Stuff (toys) are not as important as you think.
2. Experiences (especially if you have kids) are more important than you think.
3. Stay the course
by texasdiver
Fri Jul 24, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Re-Retiring Financially (SWR) After Good Year
Replies: 63
Views: 5411

Re: Re-Retiring Financially (SWR) After Good Year

4% + inflation assumes that there will be good and bad years. If you give yourself a raise every time the market has a good year you are kind of defeating the purpose. You are essentially re-setting your baseline to a starting year that is more likely to fail.
by texasdiver
Fri Jul 24, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15176

Re: Retirees, share your epiphanies..

Not retired yet and no epiphanies to share. But I already know what my epiphany will be when it finally comes: Knowing when enough is enough. For us it is especially complicated because we have three kids ages 14, 17, and 22. Without kids in the picture, the "enough is enough" calculation becomes a ...
by texasdiver
Fri Jul 24, 2020 3:56 pm
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 8207

Re: Should I start social security at 62 to invest it?

You can do a simple break-even calculation and determine to what age you will need to live in order for this decision to pencil out. The longer you live, the better it is to wait. Even if you get historic market rate returns of say 10% on your investments from age 62 to 70 that will not eventually o...
by texasdiver
Fri Jul 24, 2020 3:52 pm
Forum: Personal Investments
Topic: where to place HSA investments (Porfolio Help)
Replies: 4
Views: 381

Re: where to place HSA investments (Porfolio Help)

We are older than you and have a larger HSA as we have been contributing for over 10 years and only spending less than 20% of it per year. Our current HSA balance is equal to about 6 years worth of annual deductibles so there is no chance it will be depleted if the market crashes. And as we are spen...
by texasdiver
Fri Jul 24, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

Re: WSJ column - "No such thing as conflict-free advice"

Article seems fine to me. The conclusion I draw is that AUM fees are a foolish method of compensation. Seems like there is an easy fix to his particular complaints. My issue is that he identifies the wrong problem with AUM advisors and then proposes the wrong solution (look for 1% AUM fee advisors ...
by texasdiver
Thu Jul 23, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

Re: WSJ column - "No such thing as conflict-free advice"

Article seems fine to me. The conclusion I draw is that AUM fees are a foolish method of compensation. Seems like there is an easy fix to his particular complaints. My issue is that he identifies the wrong problem with AUM advisors and then proposes the wrong solution (look for 1% AUM fee advisors ...
by texasdiver
Thu Jul 23, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

WSJ column - "No such thing as conflict-free advice"

I just found this absurd column in today's WSJ from Dave Blanchett, head of Retirement Research for Morningstar. Is it me or is it really as bad as I think. I recently finally subscribed to the WSJ and was expecting better I guess. https://blogs.wsj.com/experts/2020/04/08/theres-no-such-thing-as-con...
by texasdiver
Wed Jul 22, 2020 5:04 pm
Forum: Investing - Theory, News & General
Topic: "University Endowment Sued for Underperforming the S&P 500"
Replies: 108
Views: 8089

Re: "University Endowment Sued for Underperforming the S&P 500"

Yale paid their endowment CEO $4.7 million for managing 30 billion in 2019. So 9 million for managing 40 billion is not below market value. Harvard and Yale aren't paying $9 million and $4.7 million to manage their endowments, respectively. They are actually paying many hundreds of millions of doll...
by texasdiver
Wed Jul 22, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: "University Endowment Sued for Underperforming the S&P 500"
Replies: 108
Views: 8089

Re: "University Endowment Sued for Underperforming the S&P 500"

It would be simple enough to model the ideal endowment asset allocation for a 50 or 100 year time frame just like is commonly done for retirement accounts and come up with something like 60/40. In fact, we can probably look at existing endowments and determine where they come down on the equity vs ...
by texasdiver
Tue Jul 21, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: "University Endowment Sued for Underperforming the S&P 500"
Replies: 108
Views: 8089

Re: "University Endowment Sued for Underperforming the S&P 500"

It would be simple enough to model the ideal endowment asset allocation for a 50 or 100 year time frame just like is commonly done for retirement accounts and come up with something like 60/40. In fact, we can probably look at existing endowments and determine where they come down on the equity vs f...
by texasdiver
Sat Jul 04, 2020 5:27 pm
Forum: Personal Consumer Issues
Topic: LDC projector for outdoor use?
Replies: 5
Views: 399

Re: LDC projector for outdoor use?

Follow-up for anyone reading this. The opening night outdoor showing of Hamilton last night was a big hit. We bought the factory refurbished Epson Home Cinema 760 from the Epson web site: https://epson.com/Clearance-Center/Home-Entertainment/Home-Cinema-760-3LCD-Projector---Refurbished/p/V11H848020-...
by texasdiver
Tue Jun 30, 2020 8:37 pm
Forum: Personal Investments
Topic: HSA and Asset Allocation
Replies: 6
Views: 489

Re: HSA and Asset Allocation

We are in a roughly similar situation as you. When I started using HSAs I religiously paid expenses out of cash flow to maximize the HSA then kept all the receipts on file for future tax-free withdrawals. After a decade or so I just gave up on that and now just put all the medical expenses on the HS...
by texasdiver
Mon Jun 29, 2020 8:59 pm
Forum: Personal Consumer Issues
Topic: LDC projector for outdoor use?
Replies: 5
Views: 399

Re: LDC projector for outdoor use?

Posted similar topic recently: https://www.bogleheads.org/forum/viewtopic.php?t=316406 I was encouraged to pickup a refurbished Epson. I also posted the link to the projector and screen I picked up. Used them a few times with no complaints. Thanks for the link. I ordered the refurbished Epson 760HD...
by texasdiver
Mon Jun 29, 2020 8:31 pm
Forum: Personal Consumer Issues
Topic: LDC projector for outdoor use?
Replies: 5
Views: 399

Re: LDC projector for outdoor use?

David Jay wrote: Mon Jun 29, 2020 7:39 pm For use in the evening or are you hoping for daylight viewing?

Literally, anything will work at night. Daylight will be expensive and perhaps not LCD, maybe DLP.
Nighttime only. We have a very dark back yard with no ambient streetlights or anything.
by texasdiver
Mon Jun 29, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: LDC projector for outdoor use?
Replies: 5
Views: 399

LDC projector for outdoor use?

I'd like to buy some sort of LDC projector for infrequent outdoor use. Apparently the musical Hamilton is coming to streaming in a week and my daughter wants to have an outdoor screening party with a few friends socially distanced on our patio with an outdoor screen. If it works we'll maybe do the s...
by texasdiver
Mon Jun 15, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need to save for early retirement? (math problem)
Replies: 20
Views: 1925

Re: How much do I need to save for early retirement? (math problem)

If you want $150,000 in today's dollars you need to figure out what that will be in 17 years. No one really knows what the inflation rate will be going forward, so I just took the historic inflation rate for the 17 years from 2003 to 2020 and plugged $150,000 into the inflation calculator here: http...
by texasdiver
Mon Jun 15, 2020 1:05 pm
Forum: Investing - Theory, News & General
Topic: Frequency of Withdrawals in Retirement
Replies: 50
Views: 4095

Re: Frequency of Withdrawals in Retirement

If you will ever want credit again, the good folks only seem able to deal with monthly income. They don't want to hear about your assets. In response to a question "What is your income?" they especially do not want to hear "What ever I want it to be." I have chosen to take my RMDs on a monthly basi...
by texasdiver
Sun Jun 14, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an executor?
Replies: 25
Views: 1698

Re: Choosing an executor?

livesoft wrote: Sun Jun 14, 2020 5:41 pm So who was the backup executor before this editing of your wills, that is, for the old wills? Did I miss that?
My father. But we wrote that will 15 years ago. He's now 84.
by texasdiver
Sun Jun 14, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an executor?
Replies: 25
Views: 1698

Re: Choosing an executor?

oldfort wrote: Sun Jun 14, 2020 3:14 pm I would be shocked if a minor could be the executor of your estate.
Right. But I do like the idea of naming one of them to become executor when they reach say, 30 years of age with someone else in the position in the meantime.
by texasdiver
Sun Jun 14, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an executor?
Replies: 25
Views: 1698

Re: Choosing an executor?

Of course, you need a guardian for your minor children. The mid child may only need this for a few months but will need someone with the experience to provide advice longer than that. This is also a conundrum. We are naming my elderly parents with my Chilean brother-in-law as backup. My wife though...
by texasdiver
Sun Jun 14, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing an executor?
Replies: 25
Views: 1698

Re: Choosing an executor?

Thanks guys. We are naming each other as executors if one of us goes. This is the backup in case we both die. Our attorney says that they are always happy to assist an executor as necessary, but they don't generally agree to act as executors themselves. So we do need to find someone else. That is th...
by texasdiver
Sun Jun 14, 2020 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford 600k house?
Replies: 95
Views: 8947

Re: Can we afford 600k house?

Hi everyone, OP here. I appreciate all the thoughtful comments and the advice on both sides. As an update, we ended up with the winning bid! Supposedly there was at least one much better offer but they liked our letter (who knows if this is true, but I think it is). After a brief surge in interest ...
by texasdiver
Sun Jun 14, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Choosing an executor?
Replies: 25
Views: 1698

Choosing an executor?

We are in the final stages of getting our wills re-drawn after relocating across the country. One of the most difficult issues has been choosing an executor and I'm looking for advice. We have 3 daughters ages 14, 17, and 22. The 22 year old is probably the least equipped to do the job as she is pre...
by texasdiver
Sun Jun 14, 2020 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Will & Estate Documents - Reciprocity between States?
Replies: 7
Views: 829

Re: Will & Estate Documents - Reciprocity between States?

If you are doing other related documents at the same time, like medical power of attorney and advance directives then there are also differences in the requirements between states. And, even if technically valid, presenting out-of-state documents in a hospital may generate difficulties during a time...
by texasdiver
Sat Jun 13, 2020 11:16 pm
Forum: Investing - Theory, News & General
Topic: Frequency of Withdrawals in Retirement
Replies: 50
Views: 4095

Re: Frequency of Withdrawals in Retirement

My parents have a financial advisor who manages their accounts and withdraws the appropriate amount from the various IRAs and such to comport with minimum distribution requirements for IRAs. I think he does it quarterly but I'm not sure. My parents, of course, being depression-era babies in their 80...
by texasdiver
Sat Jun 13, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best Accounts to Save for College?
Replies: 8
Views: 833

Re: Best Accounts to Save for College?

Myself? We just use retirement accounts for retirement and 529 plans for college. But then our income level puts us in a situation where financial aid is unlikely anyway. Great post! The one item that I am curious about is the income levels. Is there a link or do you know the general income levels ...
by texasdiver
Sat Jun 13, 2020 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Best Accounts to Save for College?
Replies: 8
Views: 833

Re: Best Accounts to Save for College?

Colleges don't "take" anything. What happens is that when you fill out the FAFSA, they look at your income, the number of children you have in college, other various factors, and then assess your assets which are sorted into three general categories: 1. Assets that are not considered disposable asse...
by texasdiver
Fri Jun 12, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Online summer coding course for HS student?
Replies: 12
Views: 824

Re: Online summer coding course for HS student?

It depends somewhat on what she’s interested in. Does she want to learned more about software development or website design? Or is she more interested in the statistical programming side? Different resources would be appropriate for those things. A general programming concepts course may be useful ...
by texasdiver
Fri Jun 12, 2020 8:58 pm
Forum: Personal Consumer Issues
Topic: Online summer coding course for HS student?
Replies: 12
Views: 824

Re: Online summer coding course for HS student?

Thanks. That might be perfect as she doesn't really need any sort of official credit. These things are hugely cheaper if you aren't trying to earn semester hour credits. Unless someone has a better idea, she's already exploring the web site and registering. Amazing what 3 months of quarantine will d...