Search found 903 matches

by desiderium
Sat May 23, 2020 11:15 am
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9137

Re: Personal spending out of control after Covid-19

Ennui--a feeling of being bored and mentally tired caused by having nothing interesting or exciting to do. (Cambridge English Dictionary) This is a pervasive consequence of the current situation. Eating badly and spending are stimulating, and drinking more is also common. Melancholia is another desc...
by desiderium
Sat May 23, 2020 1:23 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 335
Views: 23211

Re: The axe falls and I am prepared. What's next?

Folks, I am asking two separate questions: A) Under what financial condition, it is rewarding for me to take on part-time project work. At this moment, it looks like anything less than $90 per hour is not worthwhile. B) Under what non-financial condition, would you go back to work? KlangFool KlangF...
by desiderium
Thu May 21, 2020 8:48 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3403

Re: Do you dislike recurring billing for gyms?

I don't worry much about automatic credit card charges, though I watch my accounts compulsively. Credit card companies have an interest in retaining your business, and are governed by various consumer laws. They don't have to do anything for LA fitness. As long as you dispute charges in a timely man...
by desiderium
Wed May 20, 2020 3:34 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 32
Views: 3942

Re: Retiring fairly young with a govt pension and trying to put together a plan

My pension never gets cost of living increases. This could be a real problem 20 or 30 or 40 years from now. Living on that pension should be relatively easy early on. I think you will need supplemental income after awhile. You are going to need a sizable nest egg to provide that once you are older....
by desiderium
Mon May 18, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4282

Re: I work remote: Is buying a home away from a major city a major risk?

I think there is a risk of stepping off the escalator. And unless there is a large cohort of people in your position who generally work remotely, it will make the next job more difficult. Also, even a remote job may require several days a month in the office. A secondary non-hub city is less accessi...
by desiderium
Thu May 14, 2020 10:25 am
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3066

Re: New bogleheads induction

I would venture to guess that many, if not most, who self-identify as "Bogleheads" have gotten there after their own experience stock picking, market timing, following newsletters or paying financial advisors. Welcome the unwashed.
by desiderium
Tue May 12, 2020 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Amex platinum card - $20 streaming and wireless provider credit
Replies: 30
Views: 2410

Re: Amex platinum card - $20 streaming and wireless provider credit

Unfortunately, these benefits look to end in December. But I'll take $60 off a month. Between this and my TSA precheck credit this year, it will make the card quite cheap. I was on the verge of cancelling my AMEX Platinum account. This will keep me for at least another year. This is the key. What g...
by desiderium
Tue May 12, 2020 6:39 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15420

Re: Ben Felix - How to Retire Early (The 4% Rule)

Interesting how he even admits that 40 years still has close to 90% success rate. in backtesting . That's an incredibly important distinction to make, and it's crucial to his argument. Not that I believe 2.5% will be necessary in the future, that seems extremely cautious. There's also the novel con...
by desiderium
Sun May 10, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up wife after devorce
Replies: 45
Views: 5900

Re: Setting up wife after devorce

There are attorneys that specialize in collaborative divorce. They will guide you both through the process and advise on what the guidelines are for community property in your state. I would gently suggest this, so that both of you end up feeling that you received third-party advice on your settleme...
by desiderium
Sat May 09, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9727

Re: How Do Early Retirees Pay for Medical

This is an interesting debate. As a high bracket tax payer, I too get uncomfortable sometimes seeing all the efforts by those with well-funded retirements manage their income in order to qualify for ACA. You might want to consider doing the same thing. Sounds like you work for a great company but w...
by desiderium
Thu May 07, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9727

Re: How Do Early Retirees Pay for Medical

Only slightly "early" at age 61. ACA, and we have a good insurance plan here unlike some states. Planned ahead so that we are (mostly) living off cash from taxable account until age 65 (enough dividends in taxable to avoid the lower threshold, which would mean Medicaid). We manage our Modified Adju...
by desiderium
Thu May 07, 2020 7:35 am
Forum: Personal Investments
Topic: Replicating Vanguard Total International Stock Index Fund (VTIAX)
Replies: 19
Views: 942

Re: Replicating Vanguard Total International Stock Index Fund (VTIAX)

OP, it is possible to overthink it here. You can get broad international exposure through a low cost developed markets fund or whatever combination of developed markets and emerging markets funds you want. Pick an allocation that seems reasonable (yours is), stick with it and rebalance now and then....
by desiderium
Wed May 06, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9727

Re: How Do Early Retirees Pay for Medical

I retired at 63.5 and used COBRA from my large but benefit friendly former employer for my spouse and me until I hit the Medicare threshold at 65. My spouse is younger so is using a retiree plan from my former employer for about $800 per month until turning 65 - -I checked the ACA offerings but thi...
by desiderium
Mon May 04, 2020 11:10 pm
Forum: Personal Consumer Issues
Topic: September Kenya Travel
Replies: 31
Views: 1803

Re: September Kenya Travel

My suggestion would be to cut your losses and take the refund. It is a stretch to imaging that everything will be fine in 2021. IMO the world is in for some big changes that we can't really imagine. The idea that the epidemic will fade and everything will go back to the way it was before is hopeful,...
by desiderium
Wed Apr 29, 2020 8:21 pm
Forum: Personal Investments
Topic: Pay mortgage or invest?
Replies: 18
Views: 1480

Re: Pay mortgage or invest?

The home equity is illiquid
In my view you should build a substantial taxable investing account before diverting income to paying down the mortgage. Also, we are at a time of very severe uncertainty; further reason to keep your savings/investing liquid
by desiderium
Sun Apr 26, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8073

Re: Payoff house and quit good-paying job?

My strong suggestion would be to get your CPA licensing/accreditation and do whatever is required to maintain it and earn your living with it as the foundation. Try to find less stressful work within your current employment or find another job if you can't stand what you are doing now. Your CPA cre...
by desiderium
Sat Apr 25, 2020 1:46 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1406
Views: 318989

Re: Best watch for around $5,000?

I just want to point out that instead of spending $5k on a watch and instead buying a $500 watch and taking the remaining $4500, investing it in the S&P 500 index in the same 10 years would have yielded you 142.57% return or a total of $10,915.65. So there is an opportunity cost as well. Obviously ...
by desiderium
Thu Apr 23, 2020 1:34 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

Mountain Doc and jbmke, Thanks for your input. I will think about the charity planning aspects. lgs88 At the end of 2017, prior to the new tax laws for 2018, I found it advantageous for me to fund 5 years of my annual charitable giving by donating my most appreciated shares to Vanguard's donor-advi...
by desiderium
Tue Apr 21, 2020 7:37 am
Forum: Investing - Theory, News & General
Topic: Tax-loss Harvesting Timing
Replies: 9
Views: 487

Re: Tax-loss Harvesting Timing

(1) First, go to the account maintenance tab and switch the cost basis method to "specid". This can take a day or two to manifest. After that, when you look at your account and click on "cost basis" it will lay out each lot and the gain and loss. Then, when you sell shares or exchange them, it will ...
by desiderium
Sun Apr 19, 2020 10:00 am
Forum: Personal Consumer Issues
Topic: AT High Risk and medical appointments
Replies: 13
Views: 722

Re: AT High Risk and medical appointments

Medicare has approved reimbursement for virtual (video link) visits in the context of the epidemic. Previously these were limited to patients living in designated rural areas. Many organizations have ramped this up and are doing this in appropriate situations. You can accomplish a remarkable amount ...
by desiderium
Sat Apr 18, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: Should I give blood now?
Replies: 23
Views: 1420

Re: Should I give blood now?

Since blood products are, by and large, subject to a short shelf life, ongoing donation is required. Large scale blood drives are curtailed and there have been severe shortages in some areas. I would check with your local blood center on supply. Patients who are at high risk are coming out of home q...
by desiderium
Fri Apr 17, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8302

Re: Any One-More-Year FIRE people sticking to their plan?

800k W2, are you in tech? Or an executive? Fortune 500 tech, but not FANG. I used to be a top performer with a few special deferred compensation bonuses. Middle management. Stock appreciation the main driver - that is why 2019 was big. Definitely a huge amount of luck and "right time, right place" ...
by desiderium
Wed Apr 15, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Develop a Relationship with a Local Bank
Replies: 15
Views: 1406

Re: How to Develop a Relationship with a Local Bank

Perhaps it would be worth considering a "premium" banking relationship, for example Chase private client. I am repeatedly recruited for this (I had a mortgage with Chase), but haven't done it because most of my banking is simple personal stuff carried out online and the perks they offer aren't so im...
by desiderium
Tue Apr 14, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

I attended what at the time was one of the world's best universities, where my fees were $900/year. My private school graduate education cost more, so I started a career with debt. I am proud of having taken it all on with limited direction or financial help from my parents. Things are very differen...
by desiderium
Mon Apr 13, 2020 7:53 pm
Forum: Personal Consumer Issues
Topic: Wine Clubs... Value? Recommendations?
Replies: 13
Views: 1157

Re: Wine Clubs... Value? Recommendations?

I have joined a number of winery wine clubs where I have visited and loved the wine. It never worked out well. They construct packages that contain wines you may predictably love, but also the other stuff that is not always so good. So the discounts are not really meaningful when you purchase wine y...
by desiderium
Mon Apr 13, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7742

Re: What's behind huge layoffs at unicorns?

I have a small investment in a tech VC fund. Private equity startups burn investors money, and are dependent on making progress until the next funding round. Next round of valuations and availability of funds is now open to question. Also it is difficult or impossible for companies lacking tangible ...
by desiderium
Mon Apr 13, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What opportunities are there to take advantage of the coronavirus situation?
Replies: 26
Views: 3719

Re: What opportunities are there to take advantage of the coronavirus situation?

Very timely topic; thanks for this. This is why it strikes me as important. From Wiktionary-Ennui: "A gripping listlessness or melancholia caused by boredom; depression". There is a traumatic aspect to this mood, especially for health care workers and others who remain connected to the numbers (infe...
by desiderium
Sun Apr 12, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: New to Seattle area - where to buy a house
Replies: 28
Views: 2269

Re: New to Seattle area - where to buy a house

Trying to do address this remotely is going to be difficult. Seattle Metro is complicated because of the lakes and funnel effects of limited arterials. As noted above the traffic situation and work location are going to be big drivers of your quality of life. Also if Lakeside HS is a priority (not ...
by desiderium
Sun Apr 12, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3360

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

For those who likely won't want to read the book, it's worth including in this thread all the factors the author concluded had negligible or zero impact on the U.S. growth slowdown in recent decades. These are his chapter headings and subheadings: Did the Government Cause the Slowdown? - The Eviden...
by desiderium
Sun Apr 12, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3360

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

Is the trend to increasing automation covered? If automation keeps increasing, that may continue to bring growth for another few decades. It may also bring increased unemployment, perhaps permanently, but may still be good for companies and shareholders. Automation improves profits but is not neces...
by desiderium
Fri Apr 10, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: New to Seattle area - where to buy a house
Replies: 28
Views: 2269

Re: New to Seattle area - where to buy a house

Trying to do address this remotely is going to be difficult. Seattle Metro is complicated because of the lakes and funnel effects of limited arterials. As noted above the traffic situation and work location are going to be big drivers of your quality of life. Also if Lakeside HS is a priority (not s...
by desiderium
Sun Mar 29, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: CHART: The Uncertain Course of Bear Markets
Replies: 17
Views: 2909

Re: CHART: The Uncertain Course of Bear Markets

On the flip side, the December 2018 "close to bear" V took only 3 months to bottom and 4 months to fully recover. Will this be a short blip like that was or will it be a longer, drawn out bear like the tech and financial crashes? Will things just return to normal when the virus subsides or will the...
by desiderium
Sat Mar 28, 2020 9:10 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]
Replies: 39
Views: 1691

Re: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]

It seems to me that it would be difficult to tell the purpose of an individual sale of an asset that books a loss. Moreover, TLH does not eliminate a loss, but defers a gain. If TLH is something to eliminate, it would require a better definition.
by desiderium
Fri Mar 27, 2020 1:05 pm
Forum: Personal Investments
Topic: VFWAX TLH
Replies: 7
Views: 323

Re: VFWAX TLH

If you sell everything including shares bought within the last 30 days there is no wash. At least in that account. I don't know what else you have. I wouldn't enter every lot on your taxes just the totals. I don't hold VFWAX in any other account. What would I be concerned about, another retail acco...
by desiderium
Sat Mar 21, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: The Death of Early Retirement
Replies: 14
Views: 2093

Re: The Death of Early Retirement

Full disclosure: we're FI, haven't retired early yet. I thought the article had some good points. Purpose is important to human happiness, health, and longevity. Work can provide purpose. One of the reasons I haven't retired early is that I feel continuing to work is good for me, independent of the...
by desiderium
Fri Mar 20, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio's paradigm change
Replies: 46
Views: 2840

Re: Ray Dalio's paradigm change

They are all self-interested. I agree with most of what you say, but not on this; see my post above. I do trust Dalio, though that's a subjective feeling and will never be able to prove that it's right. But he gives daily free advice through his Principles on social media, which seems motivated by ...
by desiderium
Thu Mar 19, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: For 50-55 Year olds/ What Are you thinking?
Replies: 46
Views: 4646

Re: For 50-55 Year olds/ What Are you thinking?

I am a few years past this but the trauma of losses and behavioral errors in 2008 led to a perspective that is helping me this time. First, preparation to lose 50% of my equity value. I am not liking this, but the subjective feeling is not the same as in 2008 when I had a higher equity allocation. I...
by desiderium
Tue Mar 17, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Using DAF funds in times of trouble
Replies: 8
Views: 573

Re: Using DAF funds in times of trouble

hifive wrote:
Mon Mar 16, 2020 3:57 pm
Consider your local food bank. Depending on what's been shut down in your area, service industry workers and kids who get subsidized school meals will be hurting.
Thank you for the reminder, done.
by desiderium
Tue Mar 17, 2020 9:25 pm
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 73
Views: 4422

Re: TIAA Real Estate Movement

I jumped out on February 28, the last day to get Traditional at 3.5 percent in RA. In addition to the threat to retail, I think the mass move to teleworking will not be undone. Even partial success will make a lot of companies and government agencies question why they a renting so much space. I agr...
by desiderium
Tue Mar 17, 2020 8:58 pm
Forum: Personal Investments
Topic: Tax loss harvesting
Replies: 1
Views: 241

Re: Tax loss harvesting

Why not?
I suppose if you are already in a 0% capital gains income bracket it might not matter so much. If the market drops further, you can harvest multiple crops.
by desiderium
Sun Mar 08, 2020 11:13 am
Forum: Personal Investments
Topic: Move from bonds to Money Market,CDs, savings acct, etc.?[UPDATE]
Replies: 98
Views: 8580

Re: Move from bonds to Money Market,CDs, savings acct, etc.?

Can you specifically address the sentiment that with the 10-year at 0.74%, there should now be asymmetry in outcomes, with much less room for rates to to go down vs go up? Thanks. I'd be reluctant to rush to the conclusion that there is now "asymmetry in outcomes". I'm wasn't a very good student of...
by desiderium
Sat Mar 07, 2020 10:58 am
Forum: Personal Investments
Topic: Move from bonds to Money Market,CDs, savings acct, etc.?[UPDATE]
Replies: 98
Views: 8580

Re: Move from bonds to Money Market,CDs, savings acct, etc.?

The 10-year treasury bond is yielding only 0.74% while the best bank accounts are up to around 2%. Even if the banks pass through the 0.5% rate cut tomorrow they'll still be paying much more than bonds. At this point bonds will lose if interest rates simply stay where they are. There's no way of kn...
by desiderium
Fri Feb 21, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: Vancouver area trip in Aug - 5 nights
Replies: 20
Views: 1935

Re: Vancouver area trip in Aug - 5 nights

If you are driving, you might consider making a loop, taking the Tswawassen ferry to Vancouver Island and the Coho from Victoria to Port Angeles on the olympic peninsula. Re-entering the US is often easier than the highway border. You will likely need to make an advance reservation for the Coho. Als...
by desiderium
Fri Feb 21, 2020 10:40 am
Forum: Personal Consumer Issues
Topic: Exploring new hobbies before retirement: how to find time?
Replies: 16
Views: 1276

Re: Exploring new hobbies before retirement: how to find time?

With kids aged 2 and 6, it would only seem likely that your free time will start to go down if they are involved in sports/activities. Make your sports/activities something they also participate as their sports/activities. For example, just could never see ourselves as the type of parents who were ...
by desiderium
Thu Feb 20, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: I'm 40 and when do I retire? first world problem?
Replies: 52
Views: 9490

Re: I'm 40 and when do I retire? first world problem?

Ofc Metz. At age 40, I think it is difficult to project retirement security, and I am not sure the pension increases over the next couple of years make a big difference. You have a great deal of valuable experience that is highly desirable to many employers and can be leveraged into a different work...
by desiderium
Sun Feb 16, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Buying a (used) house.How to avoid major defects? Inspections? Buyers Agent? Lawyers/contracts? Thanks.
Replies: 15
Views: 1362

Re: Buying a (used) house.How to avoid major defects? Inspections? Buyers Agent? Lawyers/contracts? Thanks.

We are looking at houses to buy and often see cracks and other things that are scary. How do you protect yourself from major defects? (I'm not talking about fairly minor things like appliances or clearly fixable things). 1. Is using a buyers agent a good idea? Do they help at all in this concern? R...
by desiderium
Thu Feb 13, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7574

Re: $2-2.5M House?

Consider also the neighborhood. When you are off work, do the neighborhood amenities enhance your life? Consider that you are able to justify the move financially with your high income scenario. Realize you will now be yoked to this version of your work life, and that changes could be more difficult...
by desiderium
Sun Feb 09, 2020 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Wife's oncologist has stopped treatment, is recommending hospice
Replies: 93
Views: 14794

Re: Wife's oncologist has stopped treatment, is recommending hospice

Your wife's oncologist undoubtedly refers and helps manage many patients on hospice care. S/he will know the hospice provider landscape and make a referral for you. Contrary to what you may read or hear (even from some hospice personnel), patients do not give up any rights when they sign up for hosp...
by desiderium
Fri Feb 07, 2020 9:25 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27375

Re: What is the best concert you ever witnessed?

The Clash, California 1982

Today is International Clash Day. Enjoy.
by desiderium
Tue Feb 04, 2020 12:31 pm
Forum: Investing - Theory, News & General
Topic: Cost Matters 2020
Replies: 41
Views: 6753

Re: Cost Matters 2020

Numbers don't seem right for Vanguard funds. $1M x .0003 ER x 30 years = $9,000 That isn't accounting for opptortunity cost. Or as Mr. Bogle called it, "the tyranny of compounding costs". Opportunity costs: Opportunity costs represent the benefits an individual, investor or business misses out on w...