Search found 1176 matches

by Wildebeest
Fri Oct 18, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6612

Re: Legacy/Inheritance

The expression "Shirt sleeves to Shirt sleeves" in three generations is around in most cultures. So one can plan, but better plan well. I thought this article in the NYT was helpful: https://www.bogleheads.org/forum/viewtopic.php?t=287237. My attempt /suggestions to provide an answer to your questio...
by Wildebeest
Sun Oct 13, 2019 8:00 am
Forum: Personal Investments
Topic: Financial Advisor
Replies: 21
Views: 2084

Re: Financial Advisor

My suggestion would be to put your investments you have in the format below and request a review by this forum and then you have your answer if your advisor is worth following to the new bank. .\ Emergency funds: Three to six months of expenses (indicate if you have this, but it is generally not par...
by Wildebeest
Sun Oct 13, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Updated longevity calculator - from the actuaries
Replies: 21
Views: 2496

Re: Updated longevity calculator - from the actuaries

Thanks for posting. I especially like the feature that both of a couple are still expected to be alive in the future. We were celebrating our wedding anniversary a couple of weeks ago and I decided to google the chance that we would be celebrating our anniversary at age 80, 90 and 95. There was no e...
by Wildebeest
Sun Oct 06, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces investment strategy -- opinions?
Replies: 48
Views: 4315

Re: Michael Kitces investment strategy -- opinions?

My two cents: Fluff piece. To get you to use advisors. Case in point: the last paragraph "A financial plan is going to be wrong the next day after you deliver that plan," Ms. O'Leary said. Retirees need regular checkups and forecasts that account for changing market assumptions. "The conversation re...
by Wildebeest
Fri Sep 27, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1302

Re: Efficient way of transferring Euro to USD

Another vote for Transferwise and was very pleased. I saved a ton. It went without a hitch.

I found them after reading The Finance Buff's article:
https://thefinancebuff.com/best-interna ... nbanx.html
by Wildebeest
Thu Sep 26, 2019 6:28 pm
Forum: Personal Consumer Issues
Topic: Resources for dealing with very! difficult employees
Replies: 13
Views: 1596

Re: Resources for dealing with very! difficult employees

In the past I paid for employees to go through Landmark Forum. I thought that would be a wonderful resource for people. It was not appreciated. So do not do that. I am currently reading "Difficult conversations" by Douglas Stone, Bruce Patton and Sheila Heen and while my wife thought it was an easy ...
by Wildebeest
Mon Sep 02, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 60
Views: 16653

Re: My new car buying experience.

This is True Car, Car, Edmunds, Kelly Blue Book and Consumers Reports, Costco carbuying services are a conduit. This is a quote from James Braggs https://clark.com/cars/whose-side-are-those-new-car-pricing-sites-yours-o/ "So whose side are those new-car pricing sites really on? They deserve praise f...
by Wildebeest
Sun Sep 01, 2019 6:54 am
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 60
Views: 16653

Re: My new car buying experience.

I had a pretty good experience using the Costco car buying program. The closest dealer did not participate, in fact the only dealer who did participate was ~100 miles away, but the closest dealer was willing to price match... I did not have a good experience with Costco ( I love Costco and this hur...
by Wildebeest
Sat Aug 24, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

just heard a podcast about an employer named Dasher who hires "economically fragile" people. The podcast link is below. One of the ideas they talked about was a matching plan where they'd contribute a certain amount so the person had an emergency fund set up with the help of the employer (because 4...
by Wildebeest
Sat Aug 24, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

I would direct the employee to as many charitable and government resources as I could think of. Sometimes larger employers have Employee Assistance Programs that can help with no attribution. The problem with helping is that help soon becomes an entitlement if the employee's head is not in the righ...
by Wildebeest
Sat Aug 24, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

Question: What would you do? Sorry, but I would not continue to loan/gift them money. Besides the 401k hardship withdrawal and OT, you could offer to advance the next paycheck. But that just means zero dollars in the paycheck 2 weeks hence. btw: I would exclude the first sentence of your draft and ...
by Wildebeest
Sat Aug 24, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

I think offering anything with string attached that they attend the Dave Ramsey financial peace university to be a great idea and is in fact often his recommendation. This type of situation seems to be every other caller on the DR show and he can certainly help get their finances turned around. I w...
by Wildebeest
Sat Aug 24, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

Is your company big enough to have a fleet of cars? I work for a private company (over 50M) and I could see them loaning a company car to the employee for specified period of time. I’ve personally given 3k to a friend(10 years ago), who of course, who would pay me back over time. I’ve yet to see th...
by Wildebeest
Sat Aug 24, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

You guys are very kind. I would never give a loan to any friend, employee, or family member. It so rarely seems to be a one time event, as you are experiencing. They need to figure this out on their own for the long-term. Getting bail outs from a dependent relationship helps put out the fire of the...
by Wildebeest
Sat Aug 24, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

Starfish wrote:
Fri Aug 23, 2019 9:49 pm
We went through a similar situation. I cannot give advice but prepare yourself for a continuous loan if you go this path.
I appreciate the empathy. Actually I think you are in a better position than us to give advice.
by Wildebeest
Sat Aug 24, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

I think Dave Ramsey courses can be helpful. Of course the employee needs to have a teachable spirit. +1 Dave Ramsey often talks about people “being sick and tired of being sick and tired”. Until people reach the point of being sick and tired, they will not change. I think that Dave Ramsey’s budgeti...
by Wildebeest
Sat Aug 24, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

If this is a highly valued employee who is not easily replaced, then you might consider a loan. If you have the means to lose the loan money, then given the circumstances, loaning the money might be reasonable under the difficult circumstances being faced. I would first ask myself some additional q...
by Wildebeest
Sat Aug 24, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

I would gift the money and make it clear no additional help is available. That is what I am leaning to. This will come out of my wife's personal account, not the business account ( our personal accounts are shared). I am concerned that other than making my wife feel better for the short term it wil...
by Wildebeest
Fri Aug 23, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

The car was repossessed, but is now looking for money for repairs to a car? Is it a different car? I think putting in the comment about the Dave Ramsey course is absolutely not necessary. These types of situations just go from bad to worse. And, unfortunately, it doesn't take much to go from bad to...
by Wildebeest
Fri Aug 23, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

This is a tough situation, and tougher because your spouse has already crossed the line by making monetary gifts and loans. This blurs the line of employer, and perpetuates dependency beyond employer/employee. It's hard to unscramble eggs-- so you can't undo the fact that she's been allowed to shar...
by Wildebeest
Fri Aug 23, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

I doubt Dave Ramsey is going to be of help here. Sounds like this worker has a very full plate on their hands. Good workers are hard to come by, but if you loan the money you will have a receivable balance of $4,260. Until the next time... How much are you willing to extend/lose (potentially)? My n...
by Wildebeest
Fri Aug 23, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

Tough situation. Given that you have already helped out twice in the last 6 months and are faced with a 3rd request, this sounds like it’s going to be a recurring situation with this employee. Not sure I would want to deal with this workplace drama. Your suggestions for a 401k withdrawal or to work...
by Wildebeest
Fri Aug 23, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

Dave Ramsey is excellent for getting out of debt and budgeting. Financial peace university and the total money makeover are excellent tools. His investment advice I am not a fan of. Giving a loan to a friend/family member/employee can create resentment and possibly ruin the relationship. If you cho...
by Wildebeest
Fri Aug 23, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

Re: How to help an employee who is in debt and requesting a loan

That is a tough one. In one case an employee asked for a loan and I said that if that employee would resign I would give them the money. And I gave them more than the loan requested. We found a better employee without the financial and other drama. Great advise, you set up good boundaries helping t...
by Wildebeest
Fri Aug 23, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8677

How to help an employee who is in debt and requesting a loan

Question: What would you do? My spouse had got an email request to lend an employee $4000. She states she is desperate and has no way to pay for needed car repairs or get her young children ready for school. She promises to pay back $ 200 a month (no mention of interest, or collateral). The husband,...
by Wildebeest
Sun Aug 04, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4814

Re: luxury vehicle: what income/asset range

Get a copy of "Stop Acting Rich and Act Like a Real Millionaire" by Thomas Stanley and read Chapter 7. Spoiler alert: "The Toyota make was found to be number one in market share among both engineers and millionaires in general... engineers are more than twice as likely to drive Toyotas as others in...
by Wildebeest
Sun Aug 04, 2019 6:06 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri
Replies: 50
Views: 5534

Re: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri

Very nicely done. Larry: you talked about cognitive tests. Recently dealing with some elderly relatives, I've found cognitive tests to be very blunt instruments. You can have terrible memory and judgement and still pass standard tests. They tend to ask things such as whether you are oriented (know ...
by Wildebeest
Sun Aug 04, 2019 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 45
Views: 5631

Re: Annual review was disappointing, what should I do next?

- I thought the review wasn't fair. Go get another job offer with the title & salary that you want. That's how you prove definitively whether a review is or isn't fair. You're never going to get great advice from the internet in what is essentially a he said, she said situation where we only get yo...
by Wildebeest
Sat Aug 03, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: The birds and the bees. Why not bequests?
Replies: 9
Views: 1914

Re: The birds and the bees. Why not bequests?

NYT article about parents not talking about wealth and inheritance. I enjoyed the article. https://www.nytimes.com/2019/08/02/your-money/parenting-wealth-discussions.html I will discuss the article with my son. What did you enjoy about the article? Please tell us. I cannot read it. The article star...
by Wildebeest
Sat Aug 03, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: The birds and the bees. Why not bequests?
Replies: 9
Views: 1914

The birds and the bees. Why not bequests?

NYT article about parents not talking about wealth and inheritance. I enjoyed the article.

https://www.nytimes.com/2019/08/02/your ... sions.html

I will discuss the article with my son.
by Wildebeest
Sat Jun 08, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Re-Death of Value, or Deja Vu All Over
Replies: 61
Views: 6420

Re: Larry Swedroe: The Re-Death of Value, or Deja Vu All Over

The ultimate benchmark is whether your portfolio is earning the real rate of return over the long term that is required in your financial plan and is doing so in a way that allows you stay the course . A second benchmark is whether the specific funds you use are tracking with their stated objective...
by Wildebeest
Fri Jun 07, 2019 8:52 pm
Forum: Personal Investments
Topic: Advice for son
Replies: 14
Views: 2135

Re: Advice for son

Did he ask for advice? If not, my suggestion is to let him find his own way and he may surprise you and that this thread is done. If he asks for advice I would give him a reading list. If he does not like to read another vote for Bill Berstein If you can: https://www.etf.com/docs/IfYouCan.pdf My son...
by Wildebeest
Sat May 11, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 6887

Re: Continue working for benefit of adult children or retiring earlier?

My parents loved me very much (or at least that is how I perceived it), but I would not have wanted them to work one more day than they had to. I plan to work for many more years, but that is because I enjoy it. I can see that you want to continue to work to give to charity, but I can not see contin...
by Wildebeest
Sat May 11, 2019 9:03 pm
Forum: Investing - Theory, News & General
Topic: Value investing got too popular for its own good?
Replies: 14
Views: 1743

Re: Value investing got too popular for its own good?

The next thirty years will tell us.

I am dialed in on SCV and small cap emerging markets and would buy small value emerging markets if I could and I am not changing course till I hit an iceberg.
by Wildebeest
Sat May 11, 2019 8:40 pm
Forum: Personal Consumer Issues
Topic: Dale Carnegie training
Replies: 23
Views: 2721

Re: Dale Carnegie training

I did it with my son when he was 17 and he is now 30. It was a great bonding experience. I learnt a lot. I learnt a lot from my son as well.

So all around it was a great experience.
by Wildebeest
Sat May 11, 2019 8:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Emerging Markets Need Time
Replies: 60
Views: 4633

Re: Larry Swedroe: Emerging Markets Need Time

Larry says: "Small-value needs time...commodities need time...reinsurance needs time...complex slice and dice portfolios requiring a 1% adviser fee need time..." You know what? Times up! Taylor is right. Use a three-fund portfolio and fuggedaboutit! Rick Ferri Rick, I know that you have never favor...
by Wildebeest
Sat May 11, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 123
Views: 27923

Re: Growing old without kids or younger caring relatives

A copy of Atul Gawande's 'Being Mortal' is sitting on my bedside table and I have read and listened to it a few times. Also give it to students I teach. An wise old psychiatrist told me years ago when I was his student that the secret to happiness in old age was to have at least two daughters. Time...
by Wildebeest
Sat May 11, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Emerging Markets Need Time
Replies: 60
Views: 4633

Re: Larry Swedroe: Emerging Markets Need Time

Great article ( my confirmation bias) and I especially like the Taleb quote. I do not check the returns of DEMSX (DFA Emerging Market small cap fund). It is 25 % of our portfolio, no bonds. After 10 years it is still 25 %. I had expected a higher return so we have not been rewarded for the high ris...
by Wildebeest
Sat May 11, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Emerging Markets Need Time
Replies: 60
Views: 4633

Re: Larry Swedroe: Emerging Markets Need Time

Great article ( my confirmation bias) and I especially like the Taleb quote. I do not check the returns of DEMSX (DFA Emerging Market small cap fund). It is 25 % of our portfolio, no bonds. After 10 years it is still 25 %. I had expected a higher return so we have not been rewarded for the high risk...
by Wildebeest
Sun May 05, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: bare root trees - best place or website to purchase from?
Replies: 54
Views: 3972

Re: bare root trees - best place or website to purchase from?

The trees they sell are usually small (pencil diameter), but my favorite place for bare root non-fruit trees is my state nursery. At least for the Indiana state nursery, orders for the spring need to be put in before Thanksgiving if you want a decent selection. They sell trees in bundles of 100 or ...
by Wildebeest
Sun May 05, 2019 10:50 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 82
Views: 8104

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

Reading Eurobogle postings and the responses in the thread, I would support Eurobogle in his quest for Barista FI ( I had to google barosta FI and found this link: https://www.financialsamurai.com/what-is-barista-fire-a-hybrid-between-fat-fire-and-lean-fire/ . My take is that eurobogle has thought t...
by Wildebeest
Tue Apr 23, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 12557

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

I like my work and I like to think I am good at it. I should be given that I worked really hard at it for the last 40 years. So maybe I am old and not as fast as I used to be but I have seen it all and am determined. I hope to work for many more years, fingers crossed. Reading "Being mortal" by Atu...
by Wildebeest
Mon Apr 22, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 12557

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

I like my work and I like to think I am good at it. I should be given that I worked really hard at it for the last 40 years. So maybe I am old and not as fast as I used to be but I have seen it all and am determined. I hope to work for many more years, fingers crossed. Reading "Being mortal" by Atul...
by Wildebeest
Sun Apr 21, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Loan to employer?
Replies: 24
Views: 1917

Re: Loan to employer?

I’m the EVP of a small/mid size firm that specializes in rental and service of specialty bio-med devices to healthcare orgs. I’m an employee and have no equity or ownership stake in the company. My boss is the president and sole owner of our well established and profitable s-corp who while actively...
by Wildebeest
Sat Apr 20, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Get the best deal for your cruise: Whole Food, Plant Based
Replies: 14
Views: 2249

Re: Get the best deal for your cruise: Whole Food, Plant Based

The travel agent had gotten back to us. She stated that we could only be part of Vegan tour with all the speakers with CME/CEU etc if directly booked it on line and if we booked it through her we could do the cruise have Vegan food but we would not be able to attend the speaker programs etc. So the ...
by Wildebeest
Sat Apr 20, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzle: Findings from a Recent Survey
Replies: 37
Views: 3286

Re: The Annuity Puzzle: Findings from a Recent Survey

I wonder if the Canadian study was skewed in the same fashion to the more educated and interested parties. I doubt it based on this observation from page 5: The prevalence of low retirement wealth: the study finds that a majority (61%) of the respondents have/expect relatively liquid retirement ass...
by Wildebeest
Sat Apr 20, 2019 12:19 pm
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzle: Findings from a Recent Survey
Replies: 37
Views: 3286

Re: The Annuity Puzzle: Findings from a Recent Survey

I am somewhat surprised that their average respondent completion time was 27 minutes. I went through the questions and was just a few minutes quicker than that. I could see respondents taking time to look up data from prior years to ascertain correct answers to things like what was your income leve...
by Wildebeest
Sat Apr 20, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzle: Findings from a Recent Survey
Replies: 37
Views: 3286

Re: The Annuity Puzzle: Findings from a Recent Survey

Thanks for the link. I am not surprised. Great survey. Fascinating results. I would love to see the same survey done for a thousand Bogleheads and see if the Bogleheads as a group have more sense (we know that Bogleheads are great savers). You would hope that education would matter. If I had any IT ...
by Wildebeest
Sat Apr 20, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4976

Re: Buying a house without a realtor

We have bought and sold houses without real estate agents and it worked for us. My son (Boglehead) and daughter in law used a real estate agent when they bought a very expensive house and specifically did not want to use Redfin after researching it all carefully. I think that buying a house without ...
by Wildebeest
Sat Apr 20, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 4004

Re: At what point would you hire someone vs. cut down a tree yourself?

If you post this question on Bogle heads you should hire somebody; I have cut down many a tree including trees I should have not. I have been very fortunate not to be maimed. Posted this in 2016 on Bogleheads. "We had a tree, which might fall on our house. We had asked the previous gardening service...