Search found 1998 matches

by freebeer
Fri Feb 15, 2019 11:45 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 132
Views: 12590

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

I see the fees at hotels too - resort fee, parking fee, and occupancy tax. Tips for doorman, concierge, and others . If one cant afford, one shouldnt stay at a place like that whether hotel or airbnb have never seen any fees like that at any hotel I've stayed at coast to coast. Any. Ever. Anywhere....
by freebeer
Mon Feb 11, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: fire buyer's real estate agent
Replies: 34
Views: 2593

Re: fire buyer's real estate agent

Hi, My current real estate agent is being very pushy about putting offers on homes, some are out of our price range. The agent also asked me to consider taking out a higher interest loan to afford homes outside of our price range. What is a good way to gently end this professional relationship? We ...
by freebeer
Sun Feb 10, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: How do I keep from becoming irrelevant
Replies: 57
Views: 7473

Re: How do I keep from becoming irrelevant

I will be turning 38 years old this year. I got a late-ish start to my career (started around age ~27) so I am probably not as far along financially as someone who started straight out of a decent undergrad. Not as far along as I would like to be. I also tend to worry a lot. My financial projection...
by freebeer
Sat Feb 09, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 5863

Re: Buying house with son

....The legal agreement she signs stipulates that the house is sold immediately if they break up in advance. This in itself would be a deal-breaker for me. Giving a 25% owner of a somewhat illiquid asset the right to force an immediate sale on demand would not be a reasonable condition of any arms-...
by freebeer
Wed Feb 06, 2019 11:04 pm
Forum: Personal Investments
Topic: Real estate investment Cabo San Lucas Mexico- vacation home
Replies: 17
Views: 1992

Re: Real estate investment Cabo San Lucas Mexico- vacation home

sergeant wrote:
Wed Feb 06, 2019 11:01 pm
...We warned him that if he went into Mexico we would cease paying his way through school.
Way to give him life experience!
by freebeer
Tue Feb 05, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy lady backs into my car...don't think she will pay me out of pocket
Replies: 103
Views: 10015

Re: Crazy lady backs into my car...dont think she will pay me out of pocket

Never handle an accident involving vehicles with humans inside them outside of insurance. Those humans could always come back later (before the statute of limitations runs out, which can be years in the future) and blame you for medical injury that occurred during the accident. They will do this re...
by freebeer
Mon Jan 28, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: $500k, 5-bed house -- Can he really afford it and what to do?
Replies: 30
Views: 2696

Re: $500k, 5-bed house -- Can he really afford it and what to do?

He thought he could make up for the lost rent income in LCOL with the new rental house in HCOL, and he's now asking me to manage the new house for him on Airbnb. I just don't know how he can maintain the same income level as before with a $500 house with only 5 rooms (he'll live in one). The 5 hous...
by freebeer
Sat Jan 26, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7179

Re: Unconventional investment choices

Nearly 25% of my net worth is in real estate, concentrated in one county of suburban Seattle. That is, I suppose, unconventional. Even more so because some of it is operating as AirBnB guest suite spaces (quite profitably, but still not quite the same level of fire-and-forget as VG Total Stock Marke...
by freebeer
Sun Dec 30, 2018 4:47 pm
Forum: Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 9241

Re: Opinions sought $3.5 M Net Worth

I'm roughly in same situation: age, portfolio size, income (although I started down the part-time path some years ago), spending. I'm presently in between gigs although not yet calling myself retired. For what it's worth my primary personal decision factor has not been about the money it's been abou...
by freebeer
Mon Dec 17, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3133

Re: Airbnb as side gig

I also wouldn't let anyone into my home for $60/day. If you have a guest-house or room that is not tied to the rest of your home that is a different story. A co-worker of mine has been extremely successful taking this to the extreme (slice-and-dice). Yes. I have a mother-in-law guest suite with its...
by freebeer
Sun Dec 16, 2018 10:52 am
Forum: Personal Investments
Topic: Modifying McClung's Prime Harvesting guardrails
Replies: 4
Views: 531

Re: Modifying McClung's Prime Harvesting guardrails

"120% appears to be an arbitrary amount." Yes, well isn't the whole approach including starting with bond-only withdrawals rather arbitrary? My assumption is that 120% was used because it back-tests best along with the rest of the scheme. Anyway, the smaller you make the threshold for equity to bond...
by freebeer
Wed Dec 12, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 21394

Re: What Happened to you during the Financial crisis of 2007–2008

We stayed the course with 60/40 overall allocation and equity sub-allocation, re-balancing according to our investment plan. The only "marketing timing" thing I did was to buy a ladder of TIPS bonds in 2008 when the yields were very high. Well, later in the cycle we bought a larger house when RE was...
by freebeer
Sun Dec 02, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Travel To Cuba - Tips
Replies: 17
Views: 1969

Re: Travel To Cuba - Tips

I went in 2017. Some tips: 1. Bring Euros not dollars, better exchange rate (no 10% penalty) 2. Old Havana (Habana Vieja) has many nice nooks & crannies and unlike say Venice you can get away from the hordes pretty easily... if you avoid Obispo Street you immediately depart from the 90% of the touri...
by freebeer
Sun Nov 18, 2018 8:15 pm
Forum: Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8482

Re: Current Retirees: Do you touch your principal?

This seems like an anachronistic way to frame the question. Many stocks pay no dividends and there is no fundamental difference between selling some of such stock for spending and spending instead of reinvesting dividends. Either way the value of your holdings declines. So we are in that sense all s...
by freebeer
Thu Nov 01, 2018 9:54 pm
Forum: Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7444

Re: retiring abroad with savings worth 200k...

Not to pile on the negativity but just one more note: Puerto Vallarta is quite expensive by Mexican standards- a tourism-oriented place with high percentage of expats and visitors. If you wanted to live frugally in USA you wouldn't go to San Diego, or in Spain go to Barcelona. That's what your menti...
by freebeer
Fri Oct 05, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How much effort to close an estate and is it worth it?
Replies: 13
Views: 1529

Re: How much effort to close an estate and is it worth it?

Was your uncle employed or otherwise subject to withholding? Maybe there's already some money at IRS so that some or all of the tax liability is covered. Or if not, was he high enough income that the 2 years of taxes are likely to wipe out most of the $40K? For me, that would be the question - no ne...
by freebeer
Mon Oct 01, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 7012

Re: Why is Home Part of NW [Net Worth]

... But surely the landlord is much richer than you would be, because while you were consuming the rents by living in your own house, he was intelligently renting out the place, thereby receiving both rents as well as any capital appreciation. Of course homes are part of net worth calculations, but...
by freebeer
Mon Oct 01, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: city water sewer vs well septic
Replies: 36
Views: 2518

Re: city water sewer vs well septic

No one has discussed what I think is the big issue, at least in my suburban area that has a mix of well/public water and septic/sewer: marketability of the home. Generally speaking people fear risk, and well and septic both represent risks. They also both encumber use of the property to varying degr...
by freebeer
Fri Sep 28, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: How to sell a 60-percent ownership share in an inherited 4-plex rental unit
Replies: 9
Views: 1251

Re: How to sell a 60-percent ownership share in an inherited 4-plex rental unit

Depending on the state and title details it may be that the majority owner could unilaterally decide to sell assuming steps were taken not to abuse the minority owner rights, for example making sire to seek highest market price. I would suggest aunt consult a local attorney if neice doesn't instantl...
by freebeer
Thu Sep 27, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house in retirement??
Replies: 23
Views: 4093

Re: Buying house in retirement??

I think it's a bit of a yellow caution flag if you feel you "need" to carry a mortgage, unless you have a lot of pension+SS income relative to assets (some of which you could use to purchase a home for cash). Renting might be more prudent, and/or perhaps could you downsize a bit more than planned to...
by freebeer
Mon Sep 24, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to evaluate a pay package of a startup
Replies: 14
Views: 1526

Re: How to evaluate a pay package of a startup

I am getting an offer from a startup with 50-100 employee. I currently work for a private medium/large company which has a well defined Bonus/401k (with vested period) matching and salary estimate. With the startup(s) I am not sure how to evaluate my salary. They are providing equity, but I am real...
by freebeer
Sat Sep 22, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Seattle and (Victoria OR Vancouver) next week.
Replies: 25
Views: 1668

Re: Seattle and (Victoria OR Vancouver) next week.

I would skip Rainier this time of year and instead go to Bainbridge Island from Seattle and spend night there and/or Port Townsend then take car ferry to Victoria from PT. If weather nice go to Hurricane Ridge en route if not so great go to Dungeness spit. Lots of beautiful scenery, much less traffi...
by freebeer
Mon Sep 10, 2018 11:01 am
Forum: Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10731

Re: Max you should invest in a 529?

My kids are in high school and my friends have been sending their kids off to college the past few years. The more I see, the more I think Klangfool has the right idea. I would max my retirement accounts and pay down debt. It seems like there's a sweet spot for income when getting aid and scholarsh...
by freebeer
Wed Sep 05, 2018 9:42 am
Forum: Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10731

Re: Max you should invest in a 529?

My kids are in high school and my friends have been sending their kids off to college the past few years. The more I see, the more I think Klangfool has the right idea. I would max my retirement accounts and pay down debt. It seems like there's a sweet spot for income when getting aid and scholarsh...
by freebeer
Tue Sep 04, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 9397

Re: Pre nups.

I believe it's ok for the wealthy partner who presumably is the one who wants the prenup to pay for both attorneys. However, the attorney representing the less well off partner must be completely independent of the partner paying for the prenup other than receiving compensation for this one matter....
by freebeer
Tue Aug 21, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3592

Re: Composite Decking Material

Beware location-specific opinions that may not apply to you. Considerations in AZ (baking sun) or WA/OR (lots of rain) may dictate very different optimal solutions. For example in WA, my area, the ipe/ironwood type decking, if treated with a linseed or soy based oil as recommended to retain color, w...
by freebeer
Mon Aug 06, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16776

Re: Will you pay for your kids' college/graduate education?

I do think the empirical stories folks give are a waste of time as I have personally seen it go every way possible of paying and not paying for college and the only consistency is there is no consistency. I agree with everything you said and especially the part quoted above. Every empirical story f...
by freebeer
Sun Jul 29, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help Please!! Contract payments not being paid
Replies: 16
Views: 1930

Re: Help Please!! Contract payments not being paid

Contact the Government Contracting Officer and let that individual know you are a sub on the Government contract and the Prime is not paying their subs. I would urge against this without at least warning the prime who after all is who hired you, not the government, who hired them. My perspective is...
by freebeer
Sun Jul 29, 2018 8:50 am
Forum: Personal Investments
Topic: Firecalc Says No Benefit to a Higher Equity Asset Allocation??
Replies: 47
Views: 4893

Re: Firecalc Says No Benefit to a Higher Equity Asset Allocation??

http://i68.tinypic.com/11acxnc.jpg What would you do with the following Firecalc output? This view tests Asset Allocation (Equities/Bonds split) vs. Portfolio success rate over 35 years. Note: "Success" for Firecalc is any positive balance across all 35 years. Clearly I need to be 50/50 or above. B...
by freebeer
Fri Jul 27, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Friend Going Through Divorce
Replies: 25
Views: 3766

Re: Advice For Friend Going Through Divorce

In my divorce the “clock stopped” on separation. That is the key date. Valuations made on that date and assets split effective that date. Anything the parties do after that date really wouldn’t matter as long as it doesn’t involve obfuscation or dishonest behaviour. Divorces are usually very diffic...
by freebeer
Tue Jul 10, 2018 8:47 am
Forum: Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 6752

Re: Lifestyle Strategies

Vanguard Life Strategy Fund Great Idea... I Currently hold monies in Lifestrategy Conservtive Growth Fund. I glance it it a couple times a year. It is simple and effective. :happy Thank you. I think my question is whether site members feel comfortable with have very large portions of their portfoli...
by freebeer
Sun Jul 08, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets
Replies: 16
Views: 3807

Re: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets

https://www.ebri.org/pdf/FF.300.AssetPreservation.3Apr18.pdf https://www.blackrock.com/investing/retirement/blackrock-retirement-institute/savings-and-investing/spending-in-retirement TLDR: The researchers found that after 18 years of retirement, the wealthiest group, those with $500,000 or more of...
by freebeer
Mon Jun 25, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden appearance of multiple buyers real or negotiation tactic?
Replies: 61
Views: 4460

Re: Sudden appearance of multiple buyers real or negotiation tactic?

The likelihood that there are no other offers is low. That's fraud/unethical behavior and 99%+ of professional realtors and brokers value their reputation and license and would have no part of that even if the seller directed them to tell you there were bogus multiple offers. It is possible the sel...
by freebeer
Sun Jun 24, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 4007

Re: Does an IPS really need to be 5 pages long to be valuable?

I can't believe no one has mentioned the IPS on 3x5 card meme or referenced on of the BH threads about it such as viewtopic.php?t=220158
by freebeer
Sun Jun 17, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1192

Re: Boat Liability

I know, I know...dont buy a boat...well, I am buying a boat anyway We are not talking about a yacht here...more like a 100-200K boat fishing/pleasure boat. I want asset protection though. I will have maximal boat insurance (300K) with an umbrella policy of 2 million. I live in TN. Aside from insura...
by freebeer
Thu Jun 14, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 26
Views: 4306

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

A hypothesis: more renters/owners in the SF Bay Area are familiar with and open to the "sharing economy" and thus the supply of private rooms is higher than in LA. After all, AirBnB started in SF, also Uber, etc. If in fact a higher % of household units offer up such rooms, then that increased suppl...
by freebeer
Thu Jun 14, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 11045

Re: I was rear ended and the other guy wants a payout!

If the other driver was already coming down the road they should have been visible in your side mirror, if you pulled out in a manner that forcred them to brake, maybe it really was your fault. Even if they were over the speed limit the principke is dont pukl out in a way that makes the person alrea...
by freebeer
Mon Jun 11, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3296

Re: Can we discuss whisk?

Lagavulin
by freebeer
Fri Jun 08, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an umbrella insurance policy?
Replies: 16
Views: 2336

Re: Do I need an umbrella insurance policy?

With your net worth less than your existing insurance coverage limits it is highly unlikely any plaintiff lawyer is going to go after you vs. just settling with insurance company even if something terrible happens. I mean you can spend the $ on umbrella but you certainly don't "need" it. Even for mu...
by freebeer
Sat Jun 02, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 33062

Re: The Side Hustle

Recently started AirBnB hosting. Have pretty automated and a reliable cleaner but it's not zero effort (although I'm 2000 miles away at the moment and had two sets of guests come through with zero hassles). So far I'm pretty happy with it. Even in my initial low-low pricing to get early favorable re...
by freebeer
Sat Jun 02, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Reading Suggestions for Retirement Planning
Replies: 9
Views: 1308

Re: Reading Suggestions for Retirement Planning

Hi, I'm planning to stop working in the next 2 years (when I turn 66) when I'll begin drawing on my retirement accounts. I've been following the 3 fund approach for the past 8 years. I'd like to hear suggestions on books for reading that discuss strategies for managing your funds into retirement an...
by freebeer
Mon May 28, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?
Replies: 54
Views: 5214

Re: The "4% withdrawl rate" - would it apply to someone "retiring" in their 70s?

Interesting! Can we think it in a simpler way? How about a 25 year TIP ladder? If the guy is 75 years old now, it will cover the expenses until he is 100 years. To me, this is safe enough. So let's see, the $300 - 400K will buy roughly $15,0000 - 20,000 TIP (strip) per year in the 25 years ladder. ...
by freebeer
Mon May 28, 2018 9:37 am
Forum: Non-US Investing
Topic: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?
Replies: 92
Views: 6451

Re: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?

German 10-year bonds yield 0.4%. I don’t see what’s attractive about them. if you read my OP perhaps you will The point is that there is not really "a big upside possible" for these low-yield German bonds, and there is also a downside from inflation risk. What you call "upside" is really only the p...
by freebeer
Sat May 26, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 4464

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

Questions: 1. Is medicaid (Texas) a feasible medical insurance option for early retirees? What are the eligibility requirements (i had a hard time finding this online)? 2. Is Obamacare insurance a better option if you get it subsidized fully by the federal government? I'm confused by the "early ret...
by freebeer
Fri May 25, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Liability of Getting Married (Protecting Taxable accounts)
Replies: 18
Views: 2127

Re: Additional Liability of Getting Married (Protecting Taxable accounts)

Don't listen to any generic advice on this forum about marital property issues because the applicable law is highly state-specific in terms of valid form and procedure for a pre-nup, what is considered community vs. separate property, etc. You need a lawyer in your current state of residence if you ...
by freebeer
Wed May 23, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 37
Views: 3604

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

Rational decision: just drive it. This will never be a collectible so no point in investing $1500 in cosmetic repairs (and as noted that might not even permanently eradicate the rust).
by freebeer
Tue May 22, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 4494

Re: What are downsides of ESPP @ 15% discount ?

Do you all have a max, that the 15% can be applied to? I do, and it is not very much, which would pretty much negate any value to doing this. Thanks. Remember it's typically 15% of LOWER of starting price or ending price during period. So depending on beta of stock average actual discount much more...
by freebeer
Tue May 22, 2018 10:22 am
Forum: Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 11670

Re: $1,700,000 from family trust...

Putting your inheritance into a joint account with your wife will probably be a conversion of separate property to marital property, which could cost you in the event of a divorce. There are legal, as well as financial, considerations. This is entirely state dependent, both whether an inheritance a...
by freebeer
Mon May 21, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 4494

Re: What are downsides of ESPP @ 15% discount ?

I have a lot of friends that were at Lehman when it went under - many were taking advantage of stock plans, many were granted options as compensation... I'm a big risk taker, just today I purchased some SPY put options, SMH put options, shorted the SPY as well for a quick gain etc. But I would neve...
by freebeer
Sun May 20, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Converting property in to neighborhood park. Trust needed?
Replies: 20
Views: 1525

Re: Converting property in to neighborhood park. Trust needed?

If the property is big enough to attract many people, the city may require a certain number of parking spaces to be nearby. The rest of the neighborhood may also have to agree to the plan as strangers and unsupervised kids may visit, as well as noisy partyers, graffiti artists, drug dealers, and th...