Search found 500 matches

by gips
Mon Apr 22, 2019 4:54 am
Forum: Personal Investments
Topic: Coming up on 40, please review my portfolio and direction
Replies: 29
Views: 3526

Re: Coming up on 40, please review my portfolio and direction

Note that this totally changes the calculations made by b.lock above, which were based on a $24k year expense. Your projected ~$2M when spent at $65k/year is only 30X annual expenses or a 3.25% withdrawal rate. While many in the FIRE communities would say you're good to go at 3.25% WR, its definite...
by gips
Mon Apr 22, 2019 2:41 am
Forum: Personal Investments
Topic: Coming up on 40, please review my portfolio and direction
Replies: 29
Views: 3526

Re: Coming up on 40, please review my portfolio and direction

Some things to think about: - effect of recession on income - possibility of spouse/kids - what happens to your share of the business if you pass? What happens if one of your partner’s passes? (We had our business purchase life insurance to be exchanged for stock) - how will your buyout work if some...
by gips
Sun Apr 21, 2019 11:03 am
Forum: Personal Consumer Issues
Topic: College admission inputs - Purdue vs local SJSU vs others
Replies: 54
Views: 2769

Re: College admission inputs - Purdue vs local SJSU vs others

the only way we'd consider oos was if admittances were demonstrably better than in-state. We shared this tenet with our kids when they entered high school to set expectations. To my mind, purdue poly doesn't clear that bar. However, some of the other admittances do. Why isn't u of wisc in considerat...
by gips
Sat Apr 20, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 318

Re: thoughts about mixed use fl rental/vacation home`

I have family in fl, would be nice to spend 2-3 months per year there. Anyone have a link to forums/tools (spreadsheets I guess) where we could become educated on finances/operational aspects of vacation rentals? thanks, I have a similar situation. I don't rent. The times you can make money renting...
by gips
Sat Apr 20, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 318

Re: thoughts about mixed use fl rental/vacation home`

thanks, I'm thinking there must be spreadsheets where you enter rental estimates and a detailed set of expenses (as a newbie, I'm sure I'd miss many of these) and it calculates expected cash flow and returns. I wouldn't expect realtors to provide accurate information...it's not in their interest, th...
by gips
Sat Apr 20, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 318

thoughts about mixed use fl rental/vacation home`

I have family in fl, would be nice to spend 2-3 months per year there. Anyone have a link to forums/tools (spreadsheets I guess) where we could become educated on finances/operational aspects of vacation rentals?

thanks,
by gips
Wed Apr 10, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 111
Views: 8862

Re: physics/math major looking for programmer/analyst job?

thanks, for the suggestion, he looked into tuition reimbursement prior to joining. unfortunately, they won't reimburse for a masters in cs as it's not close enough to his role. They might go for an MBA but he's not interested.
by gips
Wed Apr 10, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 111
Views: 8862

Re: physics/math major looking for programmer/analyst job?

thought I'd post a final update to this thread, my nephew turned down an IT role (really a support/help desk role) at an off-shore firm and took a job as a risk analyst at a top-shelf reinsurance firm. While his math and stats skills are core to the role, the year he spent learning to program has pr...
by gips
Mon Apr 01, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: Good computer with solid state drive (SSD)
Replies: 36
Views: 2094

Re: Good computer with solid state drive (SSD)

The dell business outlet has business class machines at a good discount. There are always coupons floating around their facebook and twitter account pages
by gips
Sun Mar 03, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Optimal approaches when you've "won the game"
Replies: 38
Views: 3250

Re: Optimal approaches when you've "won the game"

I’ve seen a number of financially independent colleagues and friends return to work after they won the game due to big losses. I’ve structured our investments 40-60 fixed income to equities and the fixed income is 70 per cent fdic products. If the stock portion of our portfolio declines to zero, we ...
by gips
Sat Feb 23, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 37
Views: 5028

Re: thinking about un-retiring

Out of curiousity, how did you land such a gig? Did you seek it out, or were you approached by a recruiter? it came from people I've worked with over the last 15 years. I'm leaning towards giving it a whirl, one last time around the merry-go-round. If I could take a job that didn’t require me to be...
by gips
Fri Feb 22, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 37
Views: 5028

Re: thinking about un-retiring

My non-compete expires in 6 months. Every time I think about resuming work, I lie down and the feeling disappears. This is an easy one for me as my business had lots of risk and stress. No interest in revisiting that, although I do miss the social engagement. Good luck to you. :happy I'll have no r...
by gips
Fri Feb 22, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 37
Views: 5028

Re: thinking about un-retiring

Elric wrote:
Fri Feb 22, 2019 12:09 pm
I love being semi-retired, both the "retired" and the "semi" part.
love this!
by gips
Fri Feb 22, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 37
Views: 5028

Re: thinking about un-retiring

What are you doing now Monday - Friday to fill the time? Any grandkids? Any travel or other goals you want to meet but haven't? There are things people can do in their 60s that may be difficult in the 70s (hiking, foot travel, etc.) I'm very busy now with hobbys, online classes, sports, teaching te...
by gips
Fri Feb 22, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 37
Views: 5028

thinking about un-retiring

Hi Folks, My non-compete just expired and I have some opportunities for working in the cloud computing space. I don't know a whole lot about cloud computing but my background lends itself well to the segment. I'm 62, financially independent but miss the intellectual engagement and socialization oppo...
by gips
Sun Feb 17, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

Re: brother purchasing consulting firm with delayed majority ownership

thanks, in general, you're more optimistic than I am. I was in financial svcs consulting and saw a number of transactions that went badly for the purchaser. Over the years, we (my partners and I) came to the conclusion that it makes little sense to purchase a consulting company. Much better to start...
by gips
Sun Feb 17, 2019 12:39 am
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

Re: brother purchasing consulting firm with delayed majority ownership

I have about 35 years of consulting experience, as an individual contributor, practice director and co-owner of a startup that we eventually sold. Despite my warnings, my brother has decided to purchase an existing consulting company. There is a myriad of red flags: - hasn't received audited financ...
by gips
Sat Feb 16, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

Re: brother purchasing consulting firm with delayed majority ownership

However, his lawyer specializes in real estate and trust and did some "business transactions early in his career" so I'm not expecting real expertise. best, So get a different lawyer? thanks, of course, I've made that suggestion but he's been working with this lawyer for 30 years and has made up hi...
by gips
Sat Feb 16, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

Re: brother purchasing consulting firm with delayed majority ownership

My brother hasn't received the contract so his lawyer hasn't had much to say. However, his lawyer specializes in real estate and trust and did some "business transactions early in his career" so I'm not expecting real expertise. I have the 100 or so pages of legal documents that were created for our...
by gips
Fri Feb 15, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

Re: brother purchasing consulting firm with delayed majority ownership

no, I'm not looking for people to agree with me. though I have a lot of knowledge around consulting finance and operations, I don't understand the risks specific to the current owner retaining majority ownership. It matters because if I understand the risk, I may be able to get him to add language t...
by gips
Fri Feb 15, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: brother purchasing consulting firm with delayed majority ownership
Replies: 17
Views: 1505

brother purchasing consulting firm with delayed majority ownership

I have about 35 years of consulting experience, as an individual contributor, practice director and co-owner of a startup that we eventually sold. Despite my warnings, my brother has decided to purchase an existing consulting company. There is a myriad of red flags: - hasn't received audited financi...
by gips
Thu Jan 24, 2019 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Cards - Transaction Activity
Replies: 17
Views: 3209

Re: Chase Credit Cards - Transaction Activity

good news from chase! the new end of year summary provides all previous year transactions and can be downloaded to a spreadsheet!

for more information, click on the video for year-end transactions:
https://www.chase.com/personal/credit-c ... nav_videos

best,
by gips
Fri Jan 18, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Cards - Transaction Activity
Replies: 17
Views: 3209

Re: Chase Credit Cards - Transaction Activity

Trism wrote:
Sun Jan 06, 2019 3:42 pm
I can download an entire year of Chase credit card transactions at one time through Bank of America's "My Portfolio" view.
tried this, just saw three months.
by gips
Fri Dec 28, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3393

Re: not funding kid's tuition

I can provide 8 datapoints, all great, smart well-spoken kids: - oldest brother’s kids - parents didn’t pay for college - kid 1: took a year of IT courses while he worked. Now works full time in IT. - kid 2: two years of college, just gave up job at sprint store to sell insurance in call center. Div...
by gips
Sat Dec 22, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2656

Re: Expensive Colleges - Investment Worth It

And though one shouldn't compare their children sorry for quoting you a little out of context, but I agree with this statement. However, we put this metric in place for our kids: we'd pay the difference for school of choice as long as it was demonstrably much better ranked than our state school. I ...
by gips
Sat Dec 22, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2656

Re: Expensive Colleges - Investment Worth It

We' have two in college, one graduated two years ago. As is my wont, I've done a ton of reading and research on this subject and here's my recommendation on how your daughter gets a payoff: While it's true, most of the top schools don't offer merit scholarships, many of the schools in the 20-50 rang...
by gips
Wed Oct 17, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: flattening yield curve and tlh treasuries
Replies: 6
Views: 755

Re: flattening yield curve and tlh treasuries

Waiting to the end of the year may result in a loss of opportunity. and the value of the tax loss more than offsets any new yield.
by gips
Wed Oct 17, 2018 4:03 am
Forum: Investing - Theory, News & General
Topic: flattening yield curve and tlh treasuries
Replies: 6
Views: 755

Re: flattening yield curve and tlh treasuries

I don’t see a percentage in my op. And why does use of money influence tlh?
by gips
Tue Oct 16, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: flattening yield curve and tlh treasuries
Replies: 6
Views: 755

flattening yield curve and tlh treasuries

I have a $5k short-term cap loss in two-year Treasuries. Given the flattening of the yield curve, I can harvest the position, move to one-year treasuries at a "cost" of about 22 basis points. In general, the flattening of the yield curve seems to offer superior TLH opportunities for treasuries. make...
by gips
Sun Sep 30, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: confused on how tips work
Replies: 7
Views: 874

Re: confused on how tips work

thanks! still, it seems to me the wiki article is incorrect. shouldn't the balance have been adjusted positively when the index rose?
by gips
Sun Sep 30, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: confused on how tips work
Replies: 7
Views: 874

confused on how tips work

Hi, I've read the wiki here and about five articles on the web, I find them all confusing, here's the source of my confusion: "If there is inflation, the adjusted principal goes up. If there is deflation , the adjusted principal goes down" and this quote from investopedia aligns with my definition o...
by gips
Thu Sep 27, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 32
Views: 6391

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

still available, I'll update this reply as events occur. - sep 17 - called to see if rate was still available. Tried to sign up online, 2FA text never arrived. Called achieva back, reported problem, was told I'd get a callback from tech team by close of business. Never received call. - sep 18 - neve...
by gips
Thu Sep 27, 2018 9:12 am
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

three main reasons: - he loves her, is concerned with her well-being and understands her challenges. - In ten years, I'll most likely be dead, perhaps my wife too. What happens with our SIL today will directly affect him and his finances when we're gone. - Our SIL will listen to him but not us. This...
by gips
Wed Sep 26, 2018 10:28 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

Yes, if let to her own devices she will run through her nest egg. She has been enabled for years. She will have a pension and SS. I doubt she will end up in a van down by the river. There is absolutely nothing you can do to change anything. Let it go and send her $ when she needs it. This is just n...
by gips
Wed Sep 26, 2018 10:24 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

OP, My basic ethic/rule in life is Do not force others to do the thing that I would not do myself. So, if you are unwilling or unable to help your SIL, it is not your place to pressure the son to support your SIL. KlangFool Kf, I don’t understand the point of your post, we are willing and able to s...
by gips
Wed Sep 26, 2018 6:58 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

thank you for your thoughts, I agree, first her parents and now we are enabling her behavior and I've been saying it for 20 years but I can only influence, not dictate the way my wife and her brother interacts with their sister. As for getting her son involved, he and my wife are jointly attempting ...
by gips
Wed Sep 26, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 78743

Re: 2-year CDs at Vanguard and Fidelity Today

I'm trying my first ira-to-ira transfer to take advantage of achieva's 4.2%, no ewp if you're over 59.5, certificate. If I can affect the transfer in time, I believe it's far superior to a 2-year cd at vg or fid.
by gips
Wed Sep 26, 2018 1:39 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

thank you again, here are some thoughts: - my sil won't work and is not really capable of it at this point - we've considered annuities, it will be hard to convince her to give up so much money. I do think it's a great solution. - in return for helping her move and getting her mortgage out of arrear...
by gips
Tue Sep 25, 2018 7:18 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

sorry for the dup, not sure how it happened.
by gips
Tue Sep 25, 2018 7:15 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

thank you for all the thoughtful replies!! She needs to take $20,000 from the portfolio over the next 3 years in order to spend $40,000 per year. That’s almost 1/4 of her portfolio and she will be down to $190,000 at 65 (assuming the return keeps pace with inflation). Or about $8,000 per year at a 4...
by gips
Tue Sep 25, 2018 7:15 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

She needs to take $20,000 from the portfolio over the next 3 years in order to spend $40,000 per year. That’s almost 1/4 of her portfolio and she will be down to $190,000 at 65 (assuming the return keeps pace with inflation). Or about $8,000 per year at a 4% withdrawal. Is the pension inflation adj...
by gips
Tue Sep 25, 2018 4:15 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

Re: SIL - 25x vs firecalc

none is in tips, her money is sitting in a high yield savings account. a 40-60 split yields a 47 percent success rate in firecalc. I'm very hesitant to commit that much of her portfolio to equities given 1) the current cape10 ratio and 2) the recriminations that will come our way when the market ine...
by gips
Tue Sep 25, 2018 4:01 pm
Forum: Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4322

SIL - 25x vs firecalc

I wrote about my SIL here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=254814&p=4040329&hilit=sil#p4036190 here's the current situation: - this year, 3 months from her 62nd birthday, she declared herself retired and quit her job. Decision made without regard to finances. - Sold her coop in ...
by gips
Sun Sep 23, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Reducing longterm capital gains taxes
Replies: 15
Views: 1714

Re: Reducing longterm capital gains taxes

Establish residency in a no tax state prior to completing sale. One of my partners did this and it paid for his house.
by gips
Tue Sep 18, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 5564

Re: Bonds. Why? (vs. cds)

m@ver1ck wrote:
Tue Sep 18, 2018 7:45 pm
If we can assume that US interest rates are going to keep going up slowly through the next few years, why is better to invest in Bonds, vs. just investing in a CD ladder?

Do Bonds Yield more than CDs?
Ally has 2.5% CDs for a one year period, for instance (for a 25K minimum).
We can’t assume.
by gips
Wed Sep 12, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: estimated tax payment after sale of primary home?
Replies: 6
Views: 555

Re: estimated tax payment after sale of primary home?

thanks, she stopped working in may, so I'm thinking she won't qualify for safe harbor.
by gips
Wed Sep 12, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: estimated tax payment after sale of primary home?
Replies: 6
Views: 555

estimated tax payment after sale of primary home?

Hi,

My single sil just sold her primary residence and had a $400k long term cap gain. Her earned income is about $20k will she have to pay gap gain tax? if so is it 15% of (400k-250k) = $22.5k If that's correct, should she make an estimated payment?

tia!
by gips
Sun Sep 09, 2018 11:50 pm
Forum: Personal Investments
Topic: Windfall at 40.5
Replies: 15
Views: 3362

Re: Windfall at 40.5

Congrats! I started a company with some partners and we found ourselves in a similar position with similar numbers. Like you, I used bonds to offset my company stock position. Here are some thoughts: - get thee to a tax advisor. We used a big name firm for our company’s books and cut a deal to use t...