Search found 813 matches

by desiderium
Tue Jun 25, 2019 2:58 am
Forum: Personal Investments
Topic: VWETX vs. VBTLX
Replies: 5
Views: 545

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: 2915

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: 1398

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: 9134

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: 74
Views: 5585

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: 351
Views: 36150

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: 1930

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: 46
Views: 3184

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: 3718

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: 3758

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: 658

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: 10
Views: 961

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: 936

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: 5998

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: 2571

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: 2788

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: 2240

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: 2880

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: 1360

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: 4056

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: 1222

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: 1915

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: 1915

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: 3847

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: 75
Views: 10561

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: 1625

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: 3847

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: 2912

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: 4080

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...
by desiderium
Wed May 01, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: My solar investment experience
Replies: 100
Views: 8719

Re: My solar investment experience

OP has made a good investment. Mine is more of a lucky situation Washington state pays a feed-in tariff, initially 54c per KWH generated, up to $5000 per year. This is the highest tier rate for panels and inverters made in the state. It has worked out in fostering manufacturing and installation jobs...
by desiderium
Wed Apr 24, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Navigating copay assistance programs - very expensive drugs
Replies: 7
Views: 538

Re: Navigating copay assistance programs - very expensive drugs

These programs are funded indirectly by pharma through a patient assistance "foundation" so that treatment is not out of reach because of crappy insurance coverage. Many of the spendy drugs such as biologics and targeted cancer drugs (think 10k plus per month) come with 20-30% copays, or worse, they...
by desiderium
Mon Apr 22, 2019 9:08 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5211

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

This sounds like a rewarding approach to travel. However, there are so many ways now to rent furnished dwellings on an as needed basis. What is the function of a so-so apartment 8 months of the year? Why commit to having a 12-month rental; maybe you want to use a different base next year.
by desiderium
Fri Apr 12, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7488

Re: One-more-year - am I done or not?

As far as the "keep working some where" comments - I could have several other full time jobs tomorrow in various areas I am far more interested in. I'd be surprised if I made it the full 2 years before ending up fully occupied, there is little danger I'll be sitting on the couch watching TV for 10 ...
by desiderium
Wed Apr 10, 2019 9:19 am
Forum: Personal Investments
Topic: Planning pre-retirement
Replies: 14
Views: 2145

Re: Planning pre-retirement

Pay attention to any tax loss harvesting opportunities you may have this year with your other investments in order to partially offset your gains
by desiderium
Tue Apr 09, 2019 10:10 am
Forum: Personal Investments
Topic: Pay off mortgage better or worse than investing in bonds?
Replies: 24
Views: 2982

Re: Pay off mortgage better or worse than investing in bonds?

Do you have a large taxable account? If not, then investing in illiquid home equity doesn't make much sense. Also, since you are already planning to sell the house in 4-6 years, there really isn't much advantage to paying it down.
by desiderium
Mon Apr 01, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed: How to get invalid lien removed from public record
Replies: 18
Views: 850

Re: Advice needed: How to get invalid lien removed from public record

My dismay is that the lien, notice to foreclose and subsequent satisfaction of lien are part of the permanent public record. So anyone at any time can look this up and will believe that my husband and I at one time had failed to pay assessments due and had to be threatened with foreclosure before '...
by desiderium
Mon Apr 01, 2019 7:59 pm
Forum: Investing - Theory, News & General
Topic: Can A Watch Be Considered An Investment?
Replies: 33
Views: 2125

Re: Can A Watch Be Considered An Investment?

Nope. I buy what I like. Most go down a lot (40%), some stay steady (Rolex), some go up a lot (vintage). But another great recession will reset the market and you may lose your shirt. Kindof like cars. Hot stuff right now: Vintage Rolex and Omega Speedmasters. Stuff that was selling for $9k a year ...
by desiderium
Fri Mar 15, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Economics/life of Full time RV ownership while working?
Replies: 4
Views: 655

Re: Economics/life of Full time RV ownership while working?

Living out of an RV is an extra challenge. If you are working full time you may find you are not always be up for the extra hassle. If you have short term rentals in various locations the basic living and working should be straightforward; you can have fun on days off by driving to interesting desti...
by desiderium
Fri Mar 15, 2019 9:36 am
Forum: Investing - Theory, News & General
Topic: 90 day waiting period for Vanguard Flagship
Replies: 37
Views: 3990

Re: 90 day waiting period for Vanguard Flagship

OTOH, because I have made some other investments outside VG my balance has dipped below 1M for a long time and they haven't revoked my Flagship status.
by desiderium
Thu Mar 14, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Joint/Individual Accounts with Spouse
Replies: 27
Views: 2005

Re: Setting up Joint/Individual Accounts with Spouse

I do like the convenience of BofA. They’re located all over and I’ve had a good experience with them. I do tend to use my credit card for most purchases, but I’d prefer to keep checking, just so I’m not limited to 6 withdrawals per month. Agree its nice to have everything in one B&M ecosystem. B of...
by desiderium
Sun Mar 10, 2019 5:19 pm
Forum: Personal Investments
Topic: New Construction Home:Pay Cash or Construction Loan?
Replies: 7
Views: 555

Re: New Construction Home:Pay Cash or Construction Loan?

Title insurance protects you against hidden claims that predate the insurance, and doesn't protect you against people attaching liens
by desiderium
Sun Mar 10, 2019 5:17 pm
Forum: Personal Investments
Topic: New Construction Home:Pay Cash or Construction Loan?
Replies: 7
Views: 555

Re: New Construction Home:Pay Cash or Construction Loan?

Hopefully you are with a reputable builder and have cultivated a good relationship, so that these potential problems will be avoided The construction milestones in the contract should be verifiable by the city building inspectors at one level--e.g. paying after the foundation is poured should occur ...
by desiderium
Sat Mar 02, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway buys Whole Life Insurance Policies?
Replies: 17
Views: 2042

Re: Berkshire Hathaway buys Whole Life Insurance Policies?

If you are interested, this article gives an in-depth perspective on the concept of investing in life settlements http://www.glenndaily.com/lifesettlementfunds.htm It is essentially the reverse of selling life insurance. Actuarial estimate of lifespan x premiums = cost; payoff determined in a simil...
by desiderium
Sat Mar 02, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: A Cobalt Boat
Replies: 41
Views: 2963

Re: A Cobalt Boat

I am between boats and have been for a number of years. Calculate your annual and per use cost. Be realistic about depreciation fees maintenance etc. Last time I had the itch it was $500 per use and though I can afford it, the number cooled my enthusiasm
by desiderium
Thu Feb 28, 2019 11:25 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway buys Whole Life Insurance Policies?
Replies: 17
Views: 2042

Re: Berkshire Hathaway buys Whole Life Insurance Policies?

If you are interested, this article gives an in-depth perspective on the concept of investing in life settlements http://www.glenndaily.com/lifesettlementfunds.htm It is essentially the reverse of selling life insurance. Actuarial estimate of lifespan x premiums = cost; payoff determined in a simila...
by desiderium
Mon Feb 25, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: VSS (ex-US small cap) instead of VXUS (ex-US total market) as the foreign component for long-term Three-Fund portfolio?
Replies: 37
Views: 2340

Re: VSS (ex-US small cap) instead of VXUS (ex-US total market) as the foreign component for long-term Three-Fund portfol

Is tax-loss harvesting really a core part of Boglehead strategy? Because it requires active selling and buying, which seems to go against the rest of the philosophy. Moreover, it is my understanding that you can only use it in specific cases. If you only head broad market indices, these would be fa...
by desiderium
Sun Feb 24, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8212

Re: thinking about un-retiring

My neighbor who is 69 yrs. old believes one should never retire. He believes a person should always contribute to others in some way or another. After years in corporate America he found satisfying work caring for 42 acres of trees and grass in our city. On the property he encounters deer, squirrel...
by desiderium
Sat Feb 23, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction - Income Phase Out
Replies: 3
Views: 368

Re: Mortgage Interest Deduction - Income Phase Out

The IRS has a worksheet to calculate the degree of phase-out. IRS.gov. The issue people are encountering is that the "value" of itemized tax reductions is less as of 2018 because of the cap on state and local tax deductions at 10k and the increase in the standard deduction to 12K individual/24k coup...
by desiderium
Wed Feb 20, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3793

Re: My Mortgage = Is it a problem?

You can game this either way endlessly, but nobody knows what the optimal financial answer will turn out to be You have risks to control: 3 young kids and a huge responsibility over the next couple of decades. Yes, jobs are stable--just as long as you are healthy Lots can go wrong, so tying up net w...
by desiderium
Wed Feb 20, 2019 7:56 am
Forum: Personal Investments
Topic: Seeking Asset Location Advice
Replies: 15
Views: 1535

Re: Seeking Asset Location Advice

However I am unsure/nervous about allocating 100% of my taxable funds into equity (i.e. VTSAX or VTI and VTIAX pr VXUS). I don't have a grasp on what the impact will be tax-wise from year to year. How would I estimate this? Right now I'm at the low end of the 24% federal margin and inside the 9.3% ...