Search found 1875 matches

by freebeer
Sat Oct 21, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Returning only the signature page [of a legal document]
Replies: 11
Views: 769

Re: Returning only the signature page [of a legal document]

There is always a paper trail, or in this case, a trail of emails. You always have the email to look back to if you need to "prove" what the terms were that you signed onto. Also, even if you scan and mail a copy over, there is still the original hard-copy floating around somewhere. Exactly. Of cou...
by freebeer
Mon Oct 09, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13743

Re: [Boglehead vs Mr Money Mustache philosophies]

... if you do, and you realize you don't have to be an economic serf your whole life, it's incredibly liberating. This. MMM (and followers) seem to consider traditional employment, i.e. having a job, to be "economic serfdom". And for those who hate or at least don't particularly like their jobs, th...
by freebeer
Thu Oct 05, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14248

Re: Bay Area Real Estate

gloss151 wrote:
Tue Sep 26, 2017 10:04 am
...
...so long as you meet the following net worth metric after buying you can afford to buy.

Expected Net Worth = Age(years) * total_income * 10%
And the source for this net worth metric is... ??
by freebeer
Tue Oct 03, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1634

Re: Visiting Paris - should we buy tickets in advance?

If you want to see the Catacombs then I would recommend getting the tickets in advance. We tried to do that at the last minute without tickets but gave up because the line was so long and barely moving. I'm guessing this was not in November. And probably not early in the day. I visited Catacombs wi...
by freebeer
Fri Sep 29, 2017 1:10 am
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 4479

Re: Which bogleheads have a "high need to take risk"?

If you don't mind the possibility of having to work much longer in the worst case, why not decide to work a few years longer in any case and be sure you'll be done by then? Definitely a good point. I suppose being 100% stocks increase the range of when i might be able to retire (e.g. 15-20 years aw...
by freebeer
Wed Sep 27, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6371

Re: I'm shocked!

I asked her bank advisor what % is she paying for his services and he said there are no charges. This is a deceptive answer. He may not be charging an ongoing fee, but investing through a bank is expensive. The bank makes some money and so does the companies he's using for the investments... +1 to ...
by freebeer
Thu Sep 21, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2375

Re: Tenant wants to break contract. How much to pay an attorney?

You should view that first letter from the tenant as the beginning of a negotiation. The tenant's attorney certainly knows what the contract says and that he'll likely lose if you do pursue it in court. No one wants to pursue something like this in court. Both sides know it would be time-consuming ...
by freebeer
Wed Sep 20, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16678

Re: Who has needed to use their umbrella insurance?

...The loss ratio on umbrella really is in that 20% to 50% range. So it's higher profit margin than your homeowners or auto (those are more like 60%+) but it's reasonable. Why is 20% reasonable vs 60% plus for homeowners and auto? Maybe not quite ""scam" but not exactly a great deal for the consume...
by freebeer
Wed Sep 20, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1759

Re: What say ye... 60/40 or 65/35?

+1 that is does not really matter, especcialy when it is small when compared to your total portfolio. But FYI, in Bernstein's Four Pillars , a book that is generally well-regarded here, he states clearly that ALL assets should be included in your asset allocation, including EF, 529s, etc. Yes, and ...
by freebeer
Wed Sep 20, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5637

Re: What is FI if you love your job?

For most people, their income stays stagnant or goes down after 40 years old... Do you have data to support this? I could find Payscale.com data that women's real income peaks at 39 and then matches inflation, and men's real income doesn't peak until 48. Nominal incomes grow for both genders well a...
by freebeer
Tue Sep 19, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12496

Re: Any "average Joe" here actually make out well with individual stocks?

HI, not looking for strategies as that for the most part I have given up on individual stocks.. just wondering if anyone here besides a "Warren Buffet" person can claim it work out for them? ... For example, I bought STOR a few months ago solely on the fact that Buffet bought it. It so far has been...
by freebeer
Sun Sep 17, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5637

Re: What is FI if you love your job?

For most people, their income stays stagnant or goes down after 40 years old... Do you have data to support this? I could find Payscale.com data that women's real income peaks at 39 and then matches inflation, and men's real income doesn't peak until 48. Nominal incomes grow for both genders well a...
by freebeer
Sat Sep 16, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5463

Re: Lawyer overbilling for prenup review

If the time limit you specified included the language "or so" and the 1-2 hour estimate is your estimate and not his in writing, you may have little to stand on. His defense is that you wanted a job done and he did that job responsibly... Yes we here on this forum don't know if this was a complex p...
by freebeer
Wed Sep 13, 2017 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9023

Re: Retirees-anyone miscalculate how much was needed?

...The sooner you retire, the healthier you start living and the farther your date of death moves. Is there data that supports the proposition that early retirees live longer? I have heard this type of thing stated but I have also heard that a lot of early retirees soon die ... and everything I've ...
by freebeer
Fri Sep 08, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal -> Before retirement Age
Replies: 35
Views: 3383

Re: Variable Percentage Withdrawal -> Before retirement Age

...If I follow the VPW methodology, how do I cover the years before 67 years old? A) Allocate 30K per year between 57 to 67 and start using VPW at 57. Reserve 300K. VPW portfolio = 1.2 million ... Option A is sensible. BUT, it is a bit conservative to assume 0% real return over the 10 years. It wou...
by freebeer
Fri Sep 08, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 3886

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

Even if the contracts were ironclad, which is doubtful especially for an as-yet unbuilt facility, big companies can and do tell little guys to pound sand ... since you can't afford the cost and time of a protracted legal action you have little recourse but to settle for a fraction of the contracted ...
by freebeer
Wed Sep 06, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5733

Re: Wife believes 7+% returns from stock market are guaranteed

My wife and I argue a lot about how to invest our money. I am more conservative while she is riskier. Recently we bought a house with all cash. She thinks we should have got a mortgage and put our money in the stock market. My response is if stock market guarantees 7+% returns then why do banks len...
by freebeer
Wed Sep 06, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7973

Re: Safe Withdrawal Rate -> 2% or lower

...I'm basing all my projections on the need for a withdrawal rate sustainable indefinitely. I will not plan for a 30 year retirement and end up broke with another 50 years to live. Which means you may end up with a 20 year retirement because you worked 10 years longer to fund the 50+ years that th...
by freebeer
Tue Sep 05, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Seattle in 3 days
Replies: 38
Views: 2728

Re: Seattle in 3 days

Lived in the Seattle for 30+ years, a few comments: 1) If you can swing it, stay in the Edgewater Hotel. 2) Skip the Space Needle, you can get this view from other places. 3) Skip the original Starbucks, waste of time 4) Take the Bainbridge ferry, if you want to get out on the water (I think the wa...
by freebeer
Tue Sep 05, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7973

Re: Safe Withdrawal Rate -> 2% or lower

... If you have legacy or charity goals that are really important to you, then you should keep in mind that your real "number" is infinite. in that case, you could set up a reasonable portfolio for yourself with 30X expenses, and then invest anything on top of that in the S&P500. This sounds like i...
by freebeer
Tue Sep 05, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 1872

Re: Questions about drawing up a prenuptial agreement in California

What I am more interested in is whether I can keep my 401k in the event of a divorce. A work-around might be to roll the 401K into a TIRA right before you marry and specify beneficiaries for the account. Then you can continue contributing to the 401K with future contributions going to your spouse. ...
by freebeer
Tue Sep 05, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7973

Re: Safe Withdrawal Rate -> 2% or lower

But there is certainly no reason to be significantly *less* aggressive than 60/40 with a 2% withdrawal rate. If you don't care about heirs/bequests then of course you could be more conservative just as you could also burn a $100 bill every night before going to bed. It seems there are two kinds of ...
by freebeer
Tue Sep 05, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7973

Re: Safe Withdrawal Rate -> 2% or lower

But there is certainly no reason to be significantly *less* aggressive than 60/40 with a 2% withdrawal rate. If you don't care about heirs/bequests then of course you could be more conservative just as you could also burn a $100 bill every night before going to bed. It seems there are two kinds of ...
by freebeer
Mon Sep 04, 2017 11:59 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7973

Re: Safe Withdrawal Rate -> 2% or lower

...portfolio construction for a very safe withdrawal. But, does that make any sense if your withdrawal rate is 2% or lower? Won't simple 60/40 portfolio works? There must be a gap in my thinking. For example, if the social security cover 50% of a person's retirement expense and the portfolio is 50X...
by freebeer
Thu Aug 31, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Spinning off 23 Year Old Son (Car)
Replies: 17
Views: 1328

Re: Spinning off 23 Year Old Son (Car)

... it makes the case that as long as you take a "child" as a tax deduction dependent, you're liable. It makes little sense to posit about this (or just about any other legal issue) that someone is or is not liable unless the discussion is limited to a particular state. And even then the answer may...
by freebeer
Wed Aug 30, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8190

Re: Relative angry I will not co-sign

...Co-signers end up paying some portion of the debt about 60% of the time... What's your source for that? I can find reported that 4/10 co-signers regret doing so but it wasn't clear that this meant 40% paid. And it seems the percentage varies widely depending in type of loan. I would guess mortga...
by freebeer
Mon Aug 28, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16799

Re: What should the savings be for an average professional

... how much an average earning professional like an engineer or accountant should have saved after working for 20 years... should have around $450K - $500K saved including their retirement accounts ( not including home equity). He laughed at the suggestion and said 150K-200K is more like it in the...
by freebeer
Sun Aug 27, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Salary History for Chemical Engineer
Replies: 30
Views: 4924

Re: Salary History for Chemical Engineer

glassdoor should tell you salaries by years of experience in your particular industry / your employer and its peers. that's likely going to be much more relevant than advice on this much more general forum.
by freebeer
Sun Aug 20, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13603

Re: I own no international stocks. Can you guess why?

Taylor, it's because you are a wiser older man :D . Who like many older men have advice that is a perfect fit for somebody facing the exact same situation that they faced. So, advice about how to deal with a bully at school or how to clean out a carburetor might still be useful. However, a younger ...
by freebeer
Fri Aug 18, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11512

Re: How I use I-ORP, and who shouldn't

munemaker wrote: ...converting $50K per year for two years provided a larger estate than converting $20K for five years. This is the effect of rate of return in the Roth account which I set to be higher than that of a tax deferred account. My assumption is that many people, myself included, primari...
by freebeer
Fri Aug 18, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 1644

Re: How do you know how much your portfolio lost/gain in one day?

With all due respect, nobody that said they lost 7K, 13K or whatever yesterday, lost a single penny... With all due respect, you may choose to reserve the term "loss" for a realized loss but that does not mean everyone else will be using it likewise. OP asked about "how much your portfolio lost/gai...
by freebeer
Thu Aug 17, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10556

Re: Anyone planning on never retiring?

People who do not enjoy their retirement make two mistakes: 1. They retire FROM, not TO. 2. They retire too LATE, not too EARLY. To clarify: 1. When you have something to retire TO, you are waiting for the earliest opportunity to do so. You are planning and anticipating and are excited to do things...
by freebeer
Thu Aug 17, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 4117

Re: Other people's perception of your finances

This is a very common issue for anyone with a vacation home, a pick-up truck or who lives in a tourist or seaside area. It is a new experience when you are a very considerate person and discover others have different views from your own. Basically, you have the choices of either establishing your b...
by freebeer
Wed Aug 16, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.
Replies: 11
Views: 1336

Re: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.

... I have a good group of close entrepreneur friends investing in franchises, residential and commercial real estate, small businesses, angel investing, etc. While I sit on the sidelines paralyzed thinking I'd love to participate meaningfully, but if the Bogle community is correct statistically it...
by freebeer
Wed Aug 16, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 7302

Re: Retired Boglehead obsession with money- devil's advocate

... I.would rather work at 71, when my calculations say I don't need to, than discover at 91 that I am out of money. This is the key point. But to rephrase it in terms of OP's statistics (assuming a male) this effectively is the same as saying: "I would rather keep working into my 70's, wherein I h...
by freebeer
Sun Aug 13, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: One more year [to retire]
Replies: 23
Views: 2730

Re: One more year

My first post to Bogleheads, but a devot d follower era for many years. My DW and I have achi fed FI with 25-30 of expenses saved. I am ten years from collecting SS and my much younger DW is 20 years out. We have no debt. My job pays well. I travel much, and have moderate to high stress - job relat...
by freebeer
Sun Aug 13, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 4181

Re: Can we slow down then retire?

Is your total portfolio of $2.64M inclusive of home equity? What are your already earned social security benefit amounts (PIA)? Note this is different than estimate based on continued working. Is your annual spending $85K without including saving or taxes? These answers will fine-tune the situation ...
by freebeer
Sat Aug 12, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Folding Electric Bike
Replies: 41
Views: 2564

Re: Folding Electric Bike

I can suggest Rad Mini. I live near their operation and test drove other models and was generally pleased. I bought something else due to Seattle's large hills but for DC area this could be just fine. https://www.radpowerbikes.com/products/radmini-electric-folding-fat-bike?variant=17586850561 I can ...
by freebeer
Thu Aug 10, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 6234

Re: What is an appropriate lower risk asset allocation once one has "won the game"

... If it were me since the money is not necessarily needed I may tend to be a bit more aggressive. You already have a substantial fixed income stream then equities may make more sense. But if the thought of a stock market downturn keeps you up at night then probably not worth it. What may matter m...
by freebeer
Thu Aug 10, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 17437

Re: Life at crossroads. What would you do ?

... * New tech is anything that has come of age in the last 10 years - think Google, Facebook, Twitter, AirBnB, Uber, Apple, Netflix etc. Uh I think this is an unreasonably narrow way to think about it. Java and C++ are still two of the most-hired programming languages. SQL is still in demand. PHP ...
by freebeer
Mon Aug 07, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24371

Re: How much money do you want to retire?

There are some absolutely beautiful LCOL (low cost of living) areas in this country. Most of the people who think they need 2-4 million live in HCOL (high cost of living) areas with high property taxes, etc. Are Denver or Portland LCOL? I can't think of a single truly LCOL area in the U.S. I would ...
by freebeer
Sat Aug 05, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6012

Re: NYT: Buy more takeout and hire a maid, study suggests

I can buy the premise of the article... But I think almost all respondents are missing the point of the article and the underlying study it reports on, which does not argue (catchy headline notwithstanding) that all of us should necessarily be buying more takeout and hiring a maid. There is no clai...
by freebeer
Sat Aug 05, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2298

Re: Survey ate some of my property....

...The boundary line is in the woods. No landscaping involved, no driveways, no use by either landowner at this point. ... So in other words your post title was inaccurate. It was never "your" property. Adverse possession can't be triggered by mental presumptions and such presumptions, whether or n...
by freebeer
Thu Aug 03, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24371

Re: A poll: How much money do you need to retire?

flyingaway wrote:...I only work 2 half days a week for 7 months per year for a job many people say they would volunteer to do in their retirement (teaching)...
What sort of professorship yields a six-figure salary (which you noted in another thread) for that light a workload? I.e., where do I apply??
by freebeer
Wed Aug 02, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8431

Re: Retire early, live abroad until 65 and come back

According to https://www.numbeo.com/cost-of-living/comparison.jsp Living abroad is cheaper than in US I am 50, married. Enjoy traveling and different culture. With saving around 1.5 mil in fore and aft-tax acount (three funds 40/40/20) I am thinking about retire abroad until 65 when Medicare takes ...
by freebeer
Thu Jul 27, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Lazy Investor Seeks Lazy Grass Watering System
Replies: 18
Views: 1697

Re: Lazy Investor Seeks Lazy Grass Watering System

auto-timer is cheap and works well and there is also a soil moisture sensor option to avoid over-watering.
by freebeer
Wed Jul 26, 2017 11:05 pm
Forum: Personal Consumer Issues
Topic: Buying a vacation home in San Diego
Replies: 14
Views: 1719

Re: Buying a vacation home in San Diego

Since you mention 15 mins from beaches and your budget, while generous by most standards, won't be sufficient for beach towns but there are great inland spots 20 minutes from everything. Del Cerro for example is close to lake/reservoir, golf, mission trail hikes and isn't too hot yet avoids marine ...
by freebeer
Wed Jul 26, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Olympic National Park
Replies: 18
Views: 909

Re: Help Planning Trip to Olympic National Park

I'd drop Mt Rainier too. Save it for a trip when you can do both Rainier and Mt St Helens. Be sure to ride the ferry to Seattle after you finish touring the peninsula. I believe Bremerton to Seattle is the longest route and ferry rides are always enjoyable. +1 to that but Bainbridge to Seattle may ...
by freebeer
Wed Jul 26, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Olympic National Park
Replies: 18
Views: 909

Re: Help Planning Trip to Olympic National Park

I'm planning a trip to Seattle, Olympic NP, and Mt. Rainier NP for the end of August. I've roughly outlined the itinerary, but I'd appreciate if someone could sense-check it and tell me if it's too much driving/not feasible. Days 1-2: Port Angeles area: Hurricane Ridge, Lake Crescent Days 3-4: Fork...
by freebeer
Wed Jul 26, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Critique my assumptions in buy vs. rent analysis
Replies: 19
Views: 1489

Re: Critique my assumptions in buy vs. rent analysis

... My girlfriend doesn't mind living in a small space and doesn't want to give up the prime location or the amenities she's used to (gym, doorman, dishwasher, laundry in unit, etc.)... Forget all the numbers. A happy girlfriend makes a happy household. 497 square feet is a spacious apartment in ma...