Search found 30 matches

by wubdemil
Wed Nov 06, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 976

Does umbrella insurance premium change over time?

I think life insurance premium (monthly payment) does not change over time. How about umbrella insurance? I contacted an insurance company to buy umbrella insurance and they quoted me a number but I forgot to ask whether it is fixed for a number of years or it changes from period to period, say semi...
by wubdemil
Wed Nov 06, 2019 1:04 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 342
Views: 25646

Re: Will we be OK at 3% WR?

2.2% seems very conservative to me. I would go with 3% or maybe even 3.5%. Alternatively if you are paranoid about outliving your $, you might want to diversity by considering buying SPIA that pays, per the poster above, 4.5% on a portion of your $. This way you have high withdrawal rate on the guar...
by wubdemil
Wed Oct 16, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15902

Re: Bank of America declares 'the end of the 60-40' standard portfolio

Does anyone have a link to the original report from BofA? I Googled it but couldn't find it. Thanks!
by wubdemil
Sun Oct 13, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: What % and for how long do you have to save to replace income net ofsaving?
Replies: 17
Views: 2322

Re: What % and for how long do you have to save to replace income net ofsaving?

I hope the title says it all. Say you earn $Z dollars and save $X where by the end of Y years, you accumulated enough so that a 3.5% SWR replaces $Z-$X you have been living off of. I want to know X as a percent of Z for different years of savings. wubdemil, Fundamentally, the equation is wrong. Z =...
by wubdemil
Sun Oct 13, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: What % and for how long do you have to save to replace income net ofsaving?
Replies: 17
Views: 2322

Re: What % and for how long do you have to save to replace income net ofsaving?

teen persuasion wrote:
Sat Oct 12, 2019 10:39 pm
MMM uses a 4% SWR, but the concept is the same: https://www.mrmoneymustache.com/2012/01 ... irement/
That is a very good approximation to what I was looking for. Thanks you so much!!!
by wubdemil
Sat Oct 12, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: What % and for how long do you have to save to replace income net ofsaving?
Replies: 17
Views: 2322

What % and for how long do you have to save to replace income net ofsaving?

I hope the title says it all.

Say you earn $Z dollars and save $X where by the end of Y years, you accumulated enough so that a 3.5% SWR replaces $Z-$X you have been living off of.

I want to know X as a percent of Z for different years of savings.
by wubdemil
Wed Oct 09, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 10254

Do you carry your passport with you during international travel?

Do you carry your passport with you during international travel or leave it at the hotel? What are the best practices?
by wubdemil
Tue Sep 24, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4874

Re: Elite liberal art colleges or bigger selective universities?

Thank you for your input, everyone!!

BH is the best online forum there is. Well thought out and balanced.
by wubdemil
Tue Sep 24, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4874

Re: Elite liberal art colleges or bigger selective universities?

I read the OP's question and some of the discussion. I came awake thinking: What is the point of this question to a friend? The answer doesn't matter one bit, so it seems more like humble bragging. I assure you that BRAGGING was not the intent. I simply want to know the pros and cons of one over th...
by wubdemil
Tue Sep 24, 2019 6:32 am
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4874

Re: Elite liberal art colleges or bigger selective universities?

Thank you for the response everyone! Cost is a factor but not a whole lot as they have the means to pay for it. And I realize she might not be accepted to the elite LAC or Ivys. However, she is likely to get into a LAC or a selective big university if she applies to many schools. So let's take that ...
by wubdemil
Mon Sep 23, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4874

Elite liberal art colleges or bigger selective universities?

A friend asked me this earlier. His daughter is 12th grade and applying to college now. He indicates she doesn't have a preference to the type of college she goes. She wants to study premed. She has good grades (above 4) and tests well (35 ACT) and is likely that she will be able to get into a good ...
by wubdemil
Sun Sep 15, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32199

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I would call the dependency of tax on income piecewise linear. You just need to fall within the right piece. The wiki has the math: Marginal tax rate (Appendix: Marginal rates explained) Yes, linear over a small range, but highly nonlinear over a wide range. Subsidies and deductions make it even mo...
by wubdemil
Sun Sep 15, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32199

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I have been reading BH for quite sometime now and this is the first thread I have seen people criticizing OP for his lifestyle choices (e.g. "free child care"!?!) and tax optimization (e.g. "I make x times as much as you but pay z times more in taxes") which I and many others think is admirable. To ...
by wubdemil
Sat Sep 14, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32199

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

OP - why do you save that much if you are fairly certain that your pension and SS will cover your expenses in the future? SS will easily cover our living costs in retirement, but we prefer to save as opposed to spend because the increased stability provides more for us than a bigger house, fancier ...
by wubdemil
Sat Sep 14, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32199

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

OP - why do you save that much if you are fairly certain that your pension and SS will cover your expenses in the future?
by wubdemil
Fri Sep 13, 2019 3:45 am
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve - a lot of travel in East Africa
Replies: 8
Views: 1287

Re: Chase Sapphire Reserve - a lot of travel in East Africa

You are safer in the streets of Addis Ababa than St. Louis, Detroit, Chicago, Baltimore, Little Rock, Milwaukee, Cleveland, and many many other cities in the US. There is nothing you should worry about in East Africa as long as you stay within major cities and tourist destinations. [My opinion chang...
by wubdemil
Wed Sep 04, 2019 3:33 am
Forum: Personal Investments
Topic: How to determine three-fund portfolio weights?
Replies: 13
Views: 1101

How to determine three-fund portfolio weights?

Is there a general guide on how to determine the optimal weights in a three-fund portfolio? I am familiar with the notion that a three-fund portfolio will decrease portfolio risk (through diversification) without a considerable reduction of the portfolio return. I also understand that this tradeoff ...
by wubdemil
Sun Sep 01, 2019 5:58 pm
Forum: Personal Investments
Topic: How to value pension as a benefit when comparing jobs
Replies: 24
Views: 2437

Re: How to value pension as a benefit when comparing jobs

This was the same question I had a while back. My educated guess is that the pension is most likely funded by you and your employer equally, so you are probably getting 4.4% from your employer for retirement.
by wubdemil
Wed Aug 28, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6388

Re: Advice for after getting high income

Family and friends It's obvious that I'm doing fine on money but I'm not letting on to what extent. I'm a bit conflicted on this as there are money problems that I could easily fix without it making much financial difference to me. However, these money problems are self-inflicted and my concern is ...
by wubdemil
Tue Aug 27, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: A job at a great location but lower salary And higher cost of living | compare
Replies: 7
Views: 927

Re: A job at a great location but lower salary And higher cost of living | compare

I'd probably go with the new job since it seems like you and your spouse will be happier there and you'll also be saving a lot of time working less and with the shorter commute. If reaching FI is that important, can you get a smaller place or cut expenses so you won't be paying ~30% more annually? ...
by wubdemil
Tue Aug 27, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: A job at a great location but lower salary And higher cost of living | compare
Replies: 7
Views: 927

A job at a great location but lower salary And higher cost of living | compare

Current job generally good colleagues, at less desirable city in the midwest, less culture, 55 minute commute to work (work is at the middle of a cornfield and we live at the nearest city), relatively low cost of living. New job 15% less pay, 15% less work, future colleagues are expected to be okey ...
by wubdemil
Sun Aug 25, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Physician first job offer negotiation advice
Replies: 8
Views: 1512

Physician first job offer negotiation advice

I have a family member who has an offer on the table. This is her first job (she is finishing residency) and asked me for a general advise on the terms of the offer. After reading the offer, my general sense is that 1) the salary is lower than the national and regional average by about $50k. But the...
by wubdemil
Sun Aug 25, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 14694

Re: Anyone retire in their 30s?

I have not read every post but I encourage some of you who are a "burnout" and 1) have good savings, and 2) have Masters or higher degree to consider teaching at a community college. At an instructor at a cc, you will be teaching only 9 months of the year (minus winter break that often lasts a month...
by wubdemil
Fri Aug 23, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I skip scheduled car maintenance?
Replies: 26
Views: 2004

Should I skip scheduled car maintenance?

My Lexus dealership calls me every 5k miles for car maintenance. The car gives me an alert as well. I looked at what the manual recommends and I think every 10k will be just fine, in large part because they do an oil change every 10K miles. Additional info: I drive twice as much as what the manual s...
by wubdemil
Wed Aug 21, 2019 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7543

Re: Are there advantages to being married to a teacher?

Many teachers have access to both a 403b and 457b plan, so potentially 38K/year of tax-advantaged space. If the plans are low-cost (many are not), that space can be very valuable, e.g., for a high earner married to a teacher. But surely this isn't the way people decide on a spouse ... Some might ev...
by wubdemil
Fri Aug 16, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Lisbon cheap compared to many of the cities Western Europe?
Replies: 20
Views: 3352

Why is Lisbon cheap compared to many of the cities Western Europe?

Is it an unpleasant place to live/visit, again compared to the rest of Western Europe? Or is it because there is not much economic activity going on in that area? If the latter, I suppose it is a nice place to live if you don't need to work or if you can work remotely.
by wubdemil
Sun Aug 11, 2019 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]
Replies: 17
Views: 2842

Re: Salaries at FQHC | Any physicians here? [Federally Qualified Health Center]

I'm not a physician, but I've worked with FQHC's in my past. As FQHC's are non-profits, you can pull salary info from director level physicians from their IRS Form 990's on Guidestar (sign up for a free account). Look up the name the FQHC and look in section 7 (I believe) and you'l see what the hig...
by wubdemil
Fri Aug 09, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to pass on wealth to heirs?
Replies: 30
Views: 3241

What is the best way to pass on wealth to heirs?

Assume you have been accumulating wealth and have $$$ in different accounts - taxable, pre-tax, and some Roth - and you want to pass it on to heirs. What is the best way to do so in terms of tax benefits? Is there a rule of thumb? If the answer is "it depends", what are the variables it depends on? ...
by wubdemil
Sun Aug 04, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 112
Views: 7973

Re: Is our spending crazy?

Here is how I view this.
  • Are you saving enough to have a pile of money that will generate $ to sustain a similar lifestyle in later (non-working) years? Yes/no?
  • If the answer is "yes", then congratulations!
  • If no, then save more or work a few more years than your plan
by wubdemil
Tue Jul 30, 2019 9:37 am
Forum: Personal Investments
Topic: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?
Replies: 45
Views: 4073

Re: New York City Teachers’ Retirement System TDA - Put it all in the 7% Fixed Return Fund?

Are there similar benefits in the other 49 state + DC? This sounds like a great deal!!