Search found 834 matches

by desiderium
Tue Sep 10, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone done a "Life Settlement"
Replies: 20
Views: 3219

Re: Anyone done a "Life Settlement"

In reality its not necessarily a bad or unethical business if the spread isn't too high and predatory practices aren't used. Yes, in theory the life settlement business could be a good business for life insurance policyholders. If they are in impaired health, they could get a payout larger than the...
by desiderium
Tue Sep 10, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: Another solar post - Large vs Small installers
Replies: 16
Views: 842

Re: Another solar post - Large vs Small installers

10 years in business is a long time in solar. Agree with previous poster to check local reputation. I think there is a difference between the long term financial perspective a large corporation vs a local firm that relies on service, reputation and customer relationships. In my case after about 5 ye...
by desiderium
Sun Sep 08, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone done a "Life Settlement"
Replies: 20
Views: 3219

Re: Anyone done a "Life Settlement"

Life settlements are an investment market, and fundamentally work mathematically like life insurance The market value of the settlement is based on a discount model, say 12-15% estimated annual return on death benefit less premiums paid, based on actuarial estimation of lifespan. You need to be pret...
by desiderium
Sun Sep 08, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Quebec City in October
Replies: 23
Views: 1789

Re: Quebec City in October

UpperNwGuy wrote:
Sat Sep 07, 2019 4:49 pm
Wow! That must be one of the highest latitude wine regions in the world!
Similar to some other wine growing regions

Loire Valley France 47.67N
Walla Walla, WA 46.07N
Dundee, OR 45.28N
Lac-Brome, QC 45.18N
Burgundy, France 44.83N
by desiderium
Sun Sep 08, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Does The 4% Rule Work In Today’s Markets?
Replies: 102
Views: 7175

Re: Wade Pfau: Does The 4% Rule Work In Today’s Markets?

What is calculated as safe may not turn out to be. Not only are returns uncertain, but expenses have a way of being unpredictable. Increased precision of analysis will not resolve this. Three options to address uncertainty include having a large excess of savings, having a contingency plan to trim e...
by desiderium
Thu Sep 05, 2019 8:52 pm
Forum: Personal Investments
Topic: Need a change in tactics (maybe)
Replies: 23
Views: 2411

Re: Need a change in tactics (maybe)

@desiderium (how do i speak back to an individual without a quote from a previous post?) Well, unfortunately little of this applies to us right now. All of our non-real estate investments are in a rollover IRA from our 401ks (so no TLH, got have a L to H anyway), our son is out of college, and, at ...
by desiderium
Wed Sep 04, 2019 10:32 pm
Forum: Personal Investments
Topic: Need a change in tactics (maybe)
Replies: 23
Views: 2411

Re: Need a change in tactics (maybe)

I went through the same kind of safety crisis 3 years ago when I was your age. I reduced my AA some and as a result have missed out modestly on some of the recent gains. I have slept well and felt no regret. A big piece of the puzzle missing in this discussion is tax strategy, which between now and ...
by desiderium
Sat Aug 31, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Boiler issue
Replies: 4
Views: 402

Re: Boiler issue

I always use the same HVAC company for all of my plumbing, HVAC and even electrical work. I pay more, but in the end, the relationship is worth it and knowing the folks and being able to get the same repair people out who know me, my home and its systems is worth it. I totally get this....now. I in...
by desiderium
Sat Aug 31, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 213
Views: 12488

Re: What is your plan for the last few years of a long life?

While I am sympathetic to the argument for direct language the obvious problem is in normalizing suicide. I don't want to drag this thread too far off topic, but not everyone agrees that is an obvious problem. My father and uncle committed what the family regarded as “rational suicides,” with our a...
by desiderium
Thu Aug 29, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4459

Re: Pay off mortgage with sale of taxable account assets?

I view my taxable investing account as liquidity. Liquidity gives you financial freedom because it gives you the ability to make choices. A paid off home does not give you choices. There's no way I would drop my liquid investing assets from $400K to $150K in order to prepay my living expenses for t...
by desiderium
Thu Aug 29, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 213
Views: 12488

Re: What is your plan for the last few years of a long life?

The word "suicide" is not a good one. Maybe something like "end the life peacefully" is better one. Why do you prefer to use an euphemism when discussing suicide and assisted suicide? I think there is value in addressing difficult end-of-life issues with clear and precise language. Andy. I have no ...
by desiderium
Fri Aug 23, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Does it matter if your "potential" estate attorney is near retirement?
Replies: 20
Views: 1120

Re: Does it matter if your "potential" estate attorney is near retirement?

Having a long term relationship with an attorney is useful, perhaps necessary if you are a physician I deliberately chose an attorney just a bit younger than I am. He concentrates on estates, but is not a rarefied specialist in that regard. He has done my estate documents 3 times as my kids have gro...
by desiderium
Wed Aug 21, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: First time traveling to Seattle this weekend. Advice?
Replies: 35
Views: 1951

Re: First time traveling to Seattle this weekend. Advice?

Coming from NYC we’re arriving Friday morning. Thinking we’ll explore Pioneer Square and then ferry over to Alki Beach to walk around and grab lunch. Saturday we’re headed to a lake; either South Lake Union or Green Lake. Sunday a hike at 22 Lakes. Monday is kind of a free day. I was thinking hit P...
by desiderium
Wed Aug 21, 2019 9:00 am
Forum: Personal Investments
Topic: Anyone else more aggressive in retirement than required?
Replies: 52
Views: 4179

Re: Anyone else more aggressive in retirement than required?

As retirees in the RMD stage, the combination of available assets, SS, a small pension and spending patterns result in an analysis that my spouse and I should easily be able to fund our retirement and have "Won the game" from that perspective. However, we continue to have a 60/40 portfolio in spite...
by desiderium
Tue Aug 20, 2019 12:17 am
Forum: Personal Consumer Issues
Topic: DSL Advice
Replies: 29
Views: 1615

Re: DSL Advice

Or subscribe to a VPN service for peanuts, rest easy
by desiderium
Sun Aug 18, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: 10 Year Cost of Owning My CR-V
Replies: 41
Views: 3444

Re: 10 Year Cost of Owning My CR-V

This is a very useful exercise, particularly when considering replacing a car I have done this for various cars I have owned and considered buying. Good for comparing new vs used, even leased. One can factor in one's own unique needs and time horizon. Per mile is a valid comparison. Practically, ann...
by desiderium
Sun Aug 18, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Neighbor's FIOS cable running over my yard
Replies: 52
Views: 6575

Re: Neighbor's FIOS cable running over my yard

OP,

2 additional suggestions:

1. Call the electrical or building inspector of your town. If it is a local code violation they can cite Verizon
2. Verizon customer service can be contacted via Twitter. Very quick responses that bypass the drones in the call center.

Good luck
by desiderium
Thu Aug 15, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Book or documentary recommendations on American economic dominance
Replies: 26
Views: 1605

Re: Book or documentary recommendations on American economic dominance

The current 1619 project series in the NYT includes a fascinating look at the underpinnings of american economic power. Today's article by Matthew Desmond in particular might address your interest, exploring the origins of the particularly american qualities of capitalism In order to understand the ...
by desiderium
Wed Jul 03, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 10623

Re: The Day Has Come - Hit Retirement Number - Now What?

As for your current job, you could just lay down on the job. Just coast. Work the absolute minimum. Wait for a severance. My parents instilled some idiotic value system in my that would prevent me from just coasting. Damn parents. JK. I'm a lawyer at a law firm. No work, no pay. Also, I've seen man...
by desiderium
Mon Jul 01, 2019 10:04 pm
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4346

Re: Favorite mountain lodge destinations in the west?

Lake Crescent Lodge, Olympic National Park. Beautiful lake views from the lodge, passable meals, a crystal clear lake to float around on and unlimited hiking opportunities in the area. Luxury? maybe not so much.
by desiderium
Wed Jun 26, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a loan to build a commercial building
Replies: 27
Views: 1753

Re: Taking out a loan to build a commercial building

From the lender's perspective, they are going to base this on property value ( and equity ratio after down payment) and the assurance of a stable source of mortgage payments. This is where you may have some trouble. Typically for a commercial building they are going to want to see a signed lease, or...
by desiderium
Tue Jun 25, 2019 2:58 am
Forum: Personal Investments
Topic: VWETX vs. VBTLX
Replies: 5
Views: 672

Re: VWETX vs. VBTLX

Has anyone considered VWETX vs VBTLX for your bond AA? It's been a steady performer and has provided decent stability over the years. Pros? Cons? The main pro is that it is a long-term bond fund, which is possibly more suited to your investment horizon if you are a long-term investor. The con is th...
by desiderium
Thu Jun 20, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3152

Re: Another Can I retire Post? - Age 58

Continuing to work in an unsatisfying corporate environment may negatively impact your health and longevity. I would focus on your idea of working periodically as an engineering consultant. A modest income stream will attenuate risks and, given your age, give you something productive to do. If it lo...
by desiderium
Thu Jun 20, 2019 10:07 pm
Forum: Personal Investments
Topic: AA review - With a nod to 2008
Replies: 12
Views: 1507

Re: AA review - With a nod to 2008

Your retirement goal at 45 is ambitious with your current income and savings. Asset allocation is not really relevant to reaching your goals. Pick a reasonable AA, stick with it and returns will be what they will be--more or less favorable to your goal. You can't predict future investment earnings o...
by desiderium
Wed Jun 19, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 54
Views: 9847

Re: Can I retire in 1 year at 53

The plan looks fine But you are trying to predict say 40 years in advance. Hard to do and lots of time for adverse scenarios. You have a knack for earning money. I would think about ways to maintain this for a time. If you find some interesting and downshift-y work, you will blunt your portfolio wit...
by desiderium
Tue Jun 18, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 82
Views: 7024

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

Vancouver Not particularly exciting, but Portland a fun city and is easily accessible. Vancouver is not far from mountains and beaches. Unbearable traffic is mostly confined to the Portland side and river bridges. Washington has no income tax and Oregon no sales tax. No better location for tax arbit...
by desiderium
Tue Jun 18, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 45543

Re: What lifestyle creep made you happier?

Not following a budget We do a budget exercise every year and review the previous year's spending. We check spending periodically and use it occasionally to correct excesses and maintain a comfortable degree of restraint. Despite not following or caring if certain things go over or under, our overal...
by desiderium
Sun Jun 16, 2019 9:31 am
Forum: Personal Investments
Topic: Watches as investments?
Replies: 19
Views: 2034

Re: Watches as investments?

I recently saw a YouTube video by “Mr. Wonderful” of Shark Tank fame explaining that buying certain watches are a good investment vehicle. He mentioned six watches, made by Patek Phillipe, Rolex, AP, and one more watchmaker, I believe. I also saw another video explaining the same topic of buying ce...
by desiderium
Sat Jun 15, 2019 11:20 am
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 55
Views: 6295

Re: DIY for UHNW

I think I would look into a "multi-family office" (MFO) to see if maybe that is a good solution. I researched the topic a little bit and it seems like https://www.northerntrust.com and https://www.bessemertrust.com have a great reputation. I’ll give them a call and see how I feel about it. It’s fun...
by desiderium
Wed Jun 12, 2019 9:00 am
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 3913

Re: Asset allocation for those in their late fifties

44% Equities, 36% FI, 20% in a variety of alternative investments. Equities represent my personal risk tolerance based on 2008 experience and having achieved FI. I am still engaged in my work, so retirement not imminent but never far from consideration.
by desiderium
Mon Jun 10, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3933

Re: Late Life/End of Life Expenses

As part of considering expenses for care near end of life it seems appropriate to consider your own preferences for the types of care you may or may not wish to have. This can have significant impact on both the spending rate and duration of care. This is nicely treated in Atul Gawande's book "Being...
by desiderium
Tue Jun 04, 2019 11:32 am
Forum: Personal Investments
Topic: "Skin in the Game," Taleb, $2.99 Kindle deal
Replies: 3
Views: 694

Re: "Skin in the Game," Taleb, $2.99 Kindle deal

Quick heads-up. I haven't read it myself but I just bought it. Skin in the Game: Hidden Asymmetries in Daily Life , 2018, Nicholas Nassim Taleb, author of Fooled by Randomness (excellent IMHO), The Black Swan (excellent, IMHO), and The Bed of Procrustes: Philosophical and Practical Aphorisms (stink...
by desiderium
Tue Jun 04, 2019 11:28 am
Forum: Personal Investments
Topic: Buying farmland shares through AcreTrader
Replies: 11
Views: 1414

Re: Buying farmland shares through AcreTrader

The concept is perhaps attractive, locking in long term to a scarce asset. Among several problems: First of all the fees are high compared with the return, so investors much less likely to benefit compared with the platform. Second, the quality and productivity of farmland is highly variable, and it...
by desiderium
Tue Jun 04, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Attaining a dream job / career satisfaction
Replies: 7
Views: 1028

Re: Attaining a dream job / career satisfaction

I am curious for folks who would say they either currently have their "dream job" in terms on function and role or have a job that approximates maximum satisfaction in that it affords them the ability to spend time with family, pursue hobbies, be engaged with church or religious pursuits, etc., in ...
by desiderium
Tue Jun 04, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 56?
Replies: 34
Views: 6143

Re: Can I retire at 56?

You probably have enough but don't ignore your substantial human capital If you maintain your access to employment, you can return to the workforce if there are unplanned events--health or kid expenses, severe market losses. Also, if you are able to make some income you will blunt your spending, enh...
by desiderium
Sun May 26, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2719

Re: Port Townsend-Pacific Northwest

This is a great idea. If you have been there and are charmed then you won't regret it. There are lots of things to do. Culturally rich for a tiny town, especially music, with several important music festivals every summer. Also lots of writers, poets, local theater, a film festival. There is the wat...
by desiderium
Sun May 26, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: 29 year old engineer introduction and seeking advice
Replies: 23
Views: 2890

Re: 29 year old engineer introduction and seeking advice

Nice to have a job where people like you and treat you well. You are undoubtedly doing the same and producing a good day's work. Loyalty means just this and you should continue to do so as long as you are employed there. On the other hand, they have not made a long term commitment to you and appear ...
by desiderium
Fri May 24, 2019 9:05 am
Forum: Personal Investments
Topic: Getting much closer to retirement... now what
Replies: 13
Views: 2267

Re: Getting much closer to retirement... now what

There are a lot of things to consider Budget, pension, how long your spouse will work, healthcare options to medicare and expenses after, when to take SS, taxation, how long your savings will last, etc. You might consider consulting a financial planner. If you do, please find someone who is not angl...
by desiderium
Wed May 22, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How to help DW to manage the invested money ??
Replies: 36
Views: 2980

Re: How to help DW to manage the invested money ??

In looking into the possibility of FA, I found a local firm that does BH-style investing, with AUM fee capped at a very reasonable price (comparable to PAS, given my asset size). They do comprehensive financial planning, help with tax advice, and are generally much more hands on with the client. I e...
by desiderium
Tue May 21, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Life change. Portfolio Review for 45 y.o.
Replies: 7
Views: 1382

Re: Life change. Portfolio Review for 45 y.o.

Your plan looks reasonable However, you have a lot of human capital left in your area of expertise that you probably shouldn't walk away from. After you liquidate the business I would contemplate ways of staying in the game: consulting with other web design firms or insurance firms. Maybe after a br...
by desiderium
Wed May 15, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: My bicycle ride from Florence, Italy to Bern, Switzerland [Pictures added]
Replies: 50
Views: 4386

Re: First few days of my bicycle ride from Florence, Italy to Bern, Switzerland

Looking forward as always to updates
Along the way please comment on which bicycle you are riding and any gear you find is necessary for this trip
by desiderium
Tue May 07, 2019 9:29 am
Forum: Personal Investments
Topic: Dynamic Asset Allocation Strategy -- Thoughts?
Replies: 10
Views: 1532

Re: Dynamic Asset Allocation Strategy -- Thoughts?

Looks like a dog's dinner to me. What are you afraid is going to happen with replacing all this with "60/40 AA, periodic/rule based rebalancing". What evidence do you have that your method would improve outcomes? I just retired in 2018, at 58, at what was an all time market high and in a turbulent ...
by desiderium
Sun May 05, 2019 10:16 am
Forum: Personal Investments
Topic: True Rate of a Mortgage - After Deduction
Replies: 12
Views: 1968

Re: True Rate of a Mortgage - After Deduction

Also, to calculate rate you need to incorporate all your deductions and compare scenarios with and without the mortgage
Taxcaster is good for this
Take total tax savings subtract it from annual interest payments to calculate the rate
by desiderium
Sun May 05, 2019 10:13 am
Forum: Personal Investments
Topic: True Rate of a Mortgage - After Deduction
Replies: 12
Views: 1968

Re: True Rate of a Mortgage - After Deduction

Yes, the tax law change--cap on state and local tax deductions and higher standard deduction made keeping my mortgage relatively more expensive and conversely, increased my risk-free return from paying it off. I also enjoyed ending my indenture to the bank forever.
by desiderium
Sun May 05, 2019 10:06 am
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4193

Re: Company IPO'd. What's Next?

You now have some estate issues, so this would be a good time to visit an attorney specializing in estates and trusts. Someone reliable and well known in your area. I've spoken to a couple of estate attorneys who said the only benefits of doing this (setting up trusts, etc.) is for probate laws, an...
by desiderium
Sun May 05, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 87
Views: 12597

Re: Rolex

I see posts like this from time to time. I have a question if some of those more knowledgeable wouldn’t mind. I have a quite fancy gold Rolex I inherited - absolutely fancier than my style but I feel I should keep and if I don’t wear, pass on. Believe my father got it used with no documentation man...
by desiderium
Sat May 04, 2019 10:02 pm
Forum: Personal Investments
Topic: Vanguard PAS experience - weird
Replies: 9
Views: 1676

Re: Vanguard PAS experience - weird

PAS is more like a robo adviser, largely formulaic.
Instead of changing advisers, consider DIY, and save yourself the 0.3% drag on returns. You can get way more sophisticated help here.
by desiderium
Sat May 04, 2019 8:35 pm
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4193

Re: Company IPO'd. What's Next?

You do need some good financial advice, personalized to your situation You have identified and are addressing the tax questions. You now have some estate issues, so this would be a good time to visit an attorney specializing in estates and trusts. Someone reliable and well known in your area. I woul...
by desiderium
Sat May 04, 2019 3:46 pm
Forum: Personal Investments
Topic: Nearing retirement, enough money, but need planning
Replies: 13
Views: 2982

Re: Nearing retirement, enough money, but need planning

Thank you for the responses. Looks like Roth anything is off my list--I am in a high tax state. I never heard of a QCD, so that is good information to have. I will consult with the employer provider financial advisor but be aware that the service may not have my best interests in mind. It's Ayco--I...
by desiderium
Sat May 04, 2019 2:07 pm
Forum: Personal Investments
Topic: How to decide on asset allocation? Overwhelmed by information online
Replies: 40
Views: 4325

Re: How to decide on asset allocation? Overwhelmed by information online

The most important part of asset allocation is being able to stay the course. It doesn't help to pick the "ideal" allocation and then sell on the drop when you get nervous. Have you lost money in the markets in the past? If so, try to remember how that felt. Imagine your stock allocation dropping by...