Search found 76 matches

by calmaniac
Sun Nov 11, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: Can you suggest where to live if work at UCLA
Replies: 40
Views: 3124

Re: Can you suggest where to live if work at UCLA

Is it just you or do you have a family? How much house are you hoping to buy and how much are you able to pay? How many minutes per day do you have for commuting time? I grew up about a mile from UCLA. To give you a sense of costs, my parents recently sold their tear-down house in Westwood on 1/4 ac...
by calmaniac
Thu Nov 08, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1574

Re: Social Security as a percentage of portfolio

I just wanted to chime in that longevity seems to be, rather surprisingly, not very heritable. That is, the age to which your parents lived has less predictive value about your life expectancy than one might think. Please provide data for your statement above. This recent review notes that although...
by calmaniac
Thu Nov 08, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1574

Re: Social Security as a percentage of portfolio

The calculation you want is not how much your SS contributes to your net worth, it is how much does does net worth contribute to your cash flow. During the accumulation phase (working years) one focuses on net worth. However, in retirement the more important metric is cash flow. Who cares how much m...
by calmaniac
Wed Oct 31, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 10327

Re: Spouse Diagnosed Non-curable Cancer -- what now?

Wow, sorry to hear this news. I am buoyed by your very thoughtful assessment of the situation. Most people could not organize such an analysis on a good day, let alone if their life partner was recently diagnosed with a potentially life-altering disease! 1. Agree with second opinion at major center ...
by calmaniac
Wed Oct 24, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7841
Views: 1609884

Re: U.S. stocks in freefall

finite_difference wrote:
Wed Oct 24, 2018 9:23 pm
“The best time to plant a tree was 20 years ago. The second best time is today.” - Chinese proverb
Love it! I have had that thought so many times, but never expressed so eloquently. Brilliant.
by calmaniac
Sun Oct 21, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5644

Re: 8 reasons why pensions are [good]

lws6772 wrote:
Sun Oct 21, 2018 7:59 pm
9. It's another source of income for many folks that would/could never save/invest on their own.
True 'nuff. People often take loans or early withdrawal from their 401k, which kinda' defeats the purpose.
by calmaniac
Sun Oct 21, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5644

Re: 8 reasons why pensions are [good]

[ quoted post and response removed by admin LadyGeek] The main point of my original posting, which clearly was lost to almost every reader, was that in addition to the obvious monetary benefits, there are other beneficial impacts, particularly items #4-6 in the original post. Thanks to tarmangani a...
by calmaniac
Sun Oct 21, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5644

Re: 8 reasons why pensions are [good]

ResearchMed wrote:
Sun Oct 21, 2018 10:13 am

Is [good --admin LadyGeek] the word you really want to use here??
Clickbait. I'm guilty as charged.
by calmaniac
Sun Oct 21, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5644

Re: 8 reasons why pensions are [good]

Easiest two would be you made A LOT less in retirement then you could if you invested the way you wanted for the last 40 years which had the greatest bull markets in stocks, bonds, and real estate history. Second is No money for heirs. The greatest advantage of being an American (good or bad) is th...
by calmaniac
Sun Oct 21, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5644

8 reasons why pensions are [good]

Many years ago, when I joined the U.S. Public Health Service, I know there were good things about a “gov’t pension”, but after taking my retirement a few years back and I have come to appreciate that a pension provides many benefits I did not anticipate. I’ve made a list of all of the potential bene...
by calmaniac
Tue Sep 25, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Which type of Primary Care Physician?
Replies: 54
Views: 4234

Re: Which type of Primary Care Physician?

My experience is that internal medicine doctors really like to deal with arteries, blood pressure, and things like that. They will phone in prescriptions for sore throats and pretty much refer you to another doctor for anything else. Basically, you won't need to see your internal medicine physician...
by calmaniac
Tue Sep 25, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: When do you need a hearing aid
Replies: 50
Views: 3442

Re: When do you need a hearing aid

I believe that when you are tired of saying “pardon me, what, huh, or what did they say”, or asking someone to tell you what was just said on tv, you will know when it’s time to buy. I just got tired of hearing only 80% - 90% of a conversations, and trying to guess what I missed. I agree with Brad,...
by calmaniac
Fri Sep 21, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 87
Views: 6162

Re: Small cap tilt

Paul Merriman has written persuasively and evangelically about small cap value and provided what to me appear to be convincing numbers. Of course, past performance is not predictive of the future, but the analysis on his website by Jeff Mattice going back to 1928 is impressive: https://paulmerriman....
by calmaniac
Wed Sep 19, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 30
Views: 2375

Re: Another mortgage repayment thread..

Need more info to provide guidance. Can't make decisions in a vacuum.

How old are you? How far from retirement or pulling back on work? What % of the $220k do you save a year.
by calmaniac
Thu Sep 13, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Determining when to take Social Security if you don’t need the money
Replies: 21
Views: 1849

Re: Determining when to take Social Security if you don’t need the money

As usual, grabiner's analysis is on the mark. OP notes "we do not intend on needing Social Security for our living expenses" and further "(we) intend to leave a legacy to our family". My understanding is that they want to maximize the payout that will go to their family. Unless there are issues with...
by calmaniac
Sat Sep 01, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: Stocks in a 401k is a bad idea, right?
Replies: 43
Views: 5655

Re: Stocks in a 401k is a bad idea, right?

Another negative aspect of owning individual stocks in a 401k or IRA is that if you can't use a loss to offset capital gains in other non-deferred accounts.
by calmaniac
Fri Aug 10, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: 10 year check up, look back and look forward to retirement
Replies: 13
Views: 1451

Re: 10 year check up, look back and look forward to retirement

.... SS at 62 as an additional option. It would be helpful to know what your wife's age is relative to yours. IF you do not need the SS money to manage from age 62-70, there is a good case to be made for waiting until age 70. Around age 80 is the breakeven point where the advantage of taking a larg...
by calmaniac
Thu Jul 12, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8546

Re: Whole Life - We're doing it. What to look for?

Quotes below selectively clipped and bolded for emphasis: The "issue": We are currently in a situation in which close family (who are financially secure) had their world turned upside down by an unexpected loss. If a fictitious disinterested party reviewed their finances, they would (probably) also ...
by calmaniac
Wed Jun 13, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5807

Re: Rowing machine motivation

eagleeyes wrote:
Fri Jun 08, 2018 10:25 pm
So I bought a concept 2 rowing machine. It’s awesome. But I can’t seem to last longer than 5 minutes on it.
Methamphetamine? [Joke]

I find indoor exercise inherently boring. Some people love it. The secret was to find something you love to do.
by calmaniac
Wed Jun 13, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2967

Re: Trade-up my $89 Walmart bike

Lifelong cyclist. If you are using the bike as much as you indicate it is well worth the $600-$700. Lord knows I've spent 10x that on a bike without regret. 1. Agree with comments on not getting a bike with shocks. You are not riding bumpy terrain, so that is just dead weight and added $$. 2. Agree ...
by calmaniac
Wed Jun 06, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 16
Views: 2167

Re: Sacramento Home Owners - House Areas/Questions

HardHitter wrote:
Wed Jun 06, 2018 8:30 am
Anything else we should know about Sacramento?
Google "Sacramento" and "flooding". Pretty sobering, huh? Some areas of the city are at much greater risk than others.
by calmaniac
Sun Jun 03, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15389

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

TheNightsToCome, First of all I want to commend you for your ernest responses to the many posts. I have not seen any postings asking why you want to go into law. Is there a specific aspect of law you want to work in? I left an academic medical career and joined a start up biopharma company at age 58...
by calmaniac
Sun May 06, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Fund/Funds for retired person who doesnt rely on the money
Replies: 12
Views: 820

Re: Fund/Funds for retired person who doesnt rely on the money

JonC, I would use your best judgement. A lot of it depends on your step-father's investing sophistication and openness to input. He may be very appreciative of your thoughtful discussion. My father got taken to the cleaners for several years by a "reputable" advisor running a fund of funds. Each fun...
by calmaniac
Thu Apr 19, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security retirement and working
Replies: 5
Views: 1035

Re: Social Security retirement and working

I am 64 and just filed for SS retirement. I plan on still working.... It may be water under the bridge, but why are you taking Social Security at age 64 if you are working and have a source of income already? Every year you defer Social Security until age 70 (or thereabouts) you will increase your ...
by calmaniac
Mon Mar 26, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about capitulating on house
Replies: 34
Views: 4738

Re: Thinking about capitulating on house

I heard Andy Hill, who was a guest on the ChooseFI podcast this morning, go through a similar situation that he found himself in about 10 years ago at age 22, or thereabouts. He got a roommate for a few years and then got married, etc. and has paid off his entire mortgage by age ≈34. I thought he ha...
by calmaniac
Sun Feb 25, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 10590

Re: Blasphemy... DO PEEK!

I have better things to do with my time and mental bandwidth than to look at my stocks every day. Monthly maybe, quarterly OK, but daily? Life is too precious to waste the time.
by calmaniac
Sun Jan 21, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6742

Re: Should I buy a business or suck it up at a job(s) with a pension.

This is one of the most amazing B'head strings I've seen. To be honest, there have been so many thoughtful postings, including from VINNY the OP, that I don't have much to add. Except...considering the financial benefits of staying in the force, maybe its worth spending a bit of money on making your...
by calmaniac
Wed Jan 10, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Help choosing a hatchback- civic, golf, prius and Volvo V60
Replies: 40
Views: 2821

Love my Prius V

I love my Prius V.

It's not as big as a real SUV, but enough room for 2 strollers. If I put down the back seats, I can fit a couple of bikes in the back. If mileage and carbon footprint are an issue, this is a great choice. If they want maximum room and acceleration, look elsewhere.
by calmaniac
Wed Dec 27, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: How can I obtain compensation data?
Replies: 41
Views: 4957

Re: How can I obtain compensation data?

When I moved from academia into Biotech, I needed a way to understand what salary I should expect. I was lucky to have a friend who is a CEO of a small company and he got me the Radford data for my position (Senior Director). When I was negotiating my salary, I asked my prospective boss how the prop...
by calmaniac
Tue Dec 05, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29694

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

“Never trust anything that can think for itself if you can’t see where it keeps its brain.”

— Arthur Weasley, Harry Potter and the Chamber of Secrets

Applies to Bitcoin as well.
by calmaniac
Mon Oct 23, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36851

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I also pay or have a commission relationship with a seller's RE, a buyer's RE, a Medicare broker, legal advisor, and a CPA. I also pay a neighbor for his time and farm equipment. YMMV I also use a RE agent who only gets paid when a transaction of my approval gets completed I use legal advice when n...
by calmaniac
Wed Oct 18, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: How best to sell lot zoned for apartment?
Replies: 8
Views: 1068

Re: How best to sell lot zoned for apartment?

Some great ideas, thanks! I will contact the owner next door to see if they are interested in selling.
by calmaniac
Mon Oct 16, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: How best to sell lot zoned for apartment?
Replies: 8
Views: 1068

How best to sell lot zoned for apartment?

As the executor of an estate I will be selling a 1/4 acre vacant land located in a residential neighborhood in the central part of Los Angeles. The lot is zoned R3, which allows a multiunit apartment building. The owner recently passed away, so the cost basis is the current value. The property is ap...
by calmaniac
Fri Sep 08, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Sport Rx Glasses (for Mountain Biking)
Replies: 9
Views: 1314

Re: Sport Rx Glasses (for Mountain Biking)

Sportrx is great! I've used them for the past 4-5 years and I've been impressed by the customer service, quality of advice and quality of the product. All at a fair price. For road cycling I bought a pair of Oakley's with prescription Transitions lenses. I love Transitions as they are the perfect le...
by calmaniac
Sat Dec 31, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 2449

Re: Requesting a Leave of Absence

If youre excluding vacation then I guess I could say I haven't had a break since Jr. high since I worked in HS, college, grad school and have had steady employment since and I'm in my 50's. Pretty typical stuff. I think steady employment is usually the goal, for me it's been the path to FI and taki...
by calmaniac
Tue Dec 27, 2016 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: How do I factor a pension into my portfolio?
Replies: 19
Views: 2142

Re: How do I factor a pension into my portfolio?

Since I have a pension coming my way, does that mean I should count my pension as a fixed income and thus, make all personal investments (into my Roth and taxable accounts) as equity investments? Bingo. A pension yields a constant stream of income for your retirement. As such, you should consider c...
by calmaniac
Thu Dec 22, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 3994

Re: Cappuccino/Espresso machine recommendations?

Definitely a coffee snob here, so I will try to be civil. I don't get the attraction to the wham bam-thank-you-ma'am coffee machines (Keurig, pod), which invariably contain coffee that is 6 months to a year after its roast date. In most cities you can buy beans that were roasted in the last week! I ...
by calmaniac
Wed Dec 21, 2016 9:43 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 10111

Re: Hard Endeavor/Exercise in Middle Age

...but just curious what you all might be into The most important thing is finding something you enjoy and will keep up with, not what I might be into. That said, I think you are asking a great question.You can coast from your twenties to about age 35, then gravity starts to kick in and guys start ...
by calmaniac
Sat Dec 17, 2016 11:19 pm
Forum: Personal Consumer Issues
Topic: Can I get a little house or townhouse for under $400K in Maryland or Virginia?
Replies: 112
Views: 12342

Re: Can I get a little house or townhouse for under $400K in Maryland or Virginia?

Lynette, BTW, Wheaton has some of the best ethnic restaurants in the Maryland suburbs. My personal favorite is Seoul Food DC (Korean fusion), but lot's of others: Thai Taste by Kob, Max's Kosher Cafe and Marketplace, Ruan Thai, Woomi Garden. Brookside garden and greenhouse is in Wheaton and a nice v...
by calmaniac
Thu Dec 15, 2016 10:04 pm
Forum: Personal Consumer Issues
Topic: Cycling power meters
Replies: 23
Views: 2727

Re: Cycling power meters

I go with stlutz. Unless you're racing and working with a coach , I don't see a need for an average fitness rider, other than gizmo envy. Personally, I think it is more digitization of the experience and a distraction from the beauty of the ride itself. Don't get me wrong, I'd like riding hard and c...
by calmaniac
Mon Dec 12, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 13900

Re: Age to Take Social Security: The Ideal and the Reality

SS is actuarially neutral. I believe, broadly speaking, SS is intended to be actuarially neutral for a single individual...... It is not true that SS is actuarially neutral for a couple, since their joint life expectancy is longer than that of either of the individual persons. One Ping One Ping win...
by calmaniac
Sun Nov 20, 2016 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Wisdom of decision
Replies: 17
Views: 2519

Re: Wisdom of decision

Retiresafely, In addition to the 0.9% active management fee, each of the mutual funds has an expense ratio (yearly fee). My own experience with family members who have active management is that the fund expense ratios are often 0.5-1% of your assets every year, on top of the 0.9%. If so, the total i...
by calmaniac
Sun Oct 02, 2016 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: [T32 NIH Post-doc, eligible for SEP IRA?]
Replies: 10
Views: 961

Re: [T32 NIH Post-doc, eligible for SEP IRA?]

Your wife is a T32 post-doc at NIH or somewhere else, supported by NIH funding?

If at NIH or a federal institution, does she have access to the Thrift Savings Plan? If so, that is the way to go. Lowest fee index funds around.

https://www.tsp.gov/index.html
by calmaniac
Thu Jun 30, 2016 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Tax free “Investment Annuity” from 1976: stranger than fiction
Replies: 2
Views: 680

Re: Tax free “Investment Annuity” from 1976: stranger than fiction

grabiner, thanks for your input and analysis. A straightforward but powerful way to look at it, tax savings vs. fee costs.

My father has enough money in the account that the $511.75 annual fee represents something like 0.04% per annum, so good there. Thanks!
by calmaniac
Tue Jun 28, 2016 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Tax free “Investment Annuity” from 1976: stranger than fiction
Replies: 2
Views: 680

Tax free “Investment Annuity” from 1976: stranger than fiction

My father invested in a “variable investment annuity”, which was a financial vehicle that sprung up briefly in 1976-77, before it was snuffed out by IRS ruling 77-85. The basic features of this investment annuity are that it: 1. allows investment in stocks and or mutual funds; 2. receives a step-up ...
by calmaniac
Thu Jun 16, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer funds from Schwab to Vanguard
Replies: 34
Views: 11750

Re: Transfer funds from Schwab to Vanguard

The other complexity of moving taxable assets is the potential loss of or at least decreased access to cost basis info. I have some 20 year old stocks that I bought during the Bunga-Bunga 90's. Although I have paper records of the cost basis, it's nice to have it all on line. At least some ducks you...
by calmaniac
Wed Mar 30, 2016 11:01 pm
Forum: Personal Consumer Issues
Topic: Sequencing a relative's genome
Replies: 8
Views: 1466

Re: Sequencing a relative's genome

Caduceus, I applaud your interest, but I don't think WGS your family members now is of good value. As noted by DJInvestor, a much more sensible choice is to freeze a sample for sequencing when prices drop <$1,000 per genome or less. One of the posters noted "They know who you are". Much more complic...
by calmaniac
Wed Mar 30, 2016 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 122
Views: 11092

Re: Which Engineering Discipline for the next 20+ years !!!

Convince him to become a good communicator, both written and verbal. If he is like many of us tech types, he will resist this. The most important discriminator between highly-successful and just-successful engineers, technical skills being a given, is communication skill. +1. Could not agree more!
by calmaniac
Thu Dec 24, 2015 1:17 pm
Forum: Personal Consumer Issues
Topic: Dress shirts and button-down shirts - budget and quality overview
Replies: 40
Views: 7194

Re: Dress shirts and button-down shirts - budget and quality overview

OP: Many of these shirts are 100% cotton and you do not mention ironing. Do you wear wrinkled or do you iron? I can't imagine the time needed to iron is worth the cost of these shirts relative to non-iron. My casual read of the forum is that Brooks Brothers dress shirts (bought on sale!) are the mos...
by calmaniac
Tue Dec 01, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Made Simple (Free on Kindle for 2 Days)
Replies: 46
Views: 5583

Re: Social Security Made Simple (Free on Kindle for 2 Days)

Thank you Mike! This is incredibly generous of you. I am still 13 years out from taking my benefits, but am helping my sister-in-law, who is turning 64 this year. This will come in handy as we try to navigate the new changes.

Manically yours,

calmaniac