Search found 517 matches

by Escapevelocity
Fri Apr 09, 2021 8:00 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 595
Views: 55343

Re: What is your age and asset allocation ?

Age 54 - 50/50 allocation rising equity glide path to 60/40
by Escapevelocity
Thu Apr 08, 2021 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 44
Views: 6859

Re: Can I early retire from my corporate job?

2020content wrote: Thu Apr 08, 2021 2:03 pm
Escapevelocity wrote: Wed Apr 07, 2021 3:04 pm Yes without hesitation. Suggest you model it out using Bigfoot RPM.
Can you tell me more about Bigfoot RPM? What is it?

Thanks
Check out this link. It includes the download link

https://www.bogleheads.org/wiki/Retiree_Portfolio_Model
by Escapevelocity
Wed Apr 07, 2021 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Which credit unions offer deposit accounts paying more than 3% interest?
Replies: 80
Views: 7575

Re: Which credit unions offer deposit accounts paying more than 3% interest?

Why credit unions? A lot of the above accounts could be replaced by HMBradley for simplicity (until they adjust their structure). $100k cap, 3%, no transactions - you qualify for the 3% by saving 80% of your deposits into the account each quarter. +1 and you can bump the 3% to 3.5% if you open a cr...
by Escapevelocity
Wed Apr 07, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 44
Views: 6859

Re: Can I early retire from my corporate job?

Yes without hesitation. Suggest you model it out using Bigfoot RPM.
by Escapevelocity
Wed Apr 07, 2021 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 168
Views: 19791

Re: For those retired or FI, how much do you spend annually?

I just reread this entire thread and found it interesting in what it said and did not say. We have been retired for over 19 years I totaled up our spending for that time (from Quicken), and it averaged $90k per year. The devil, as they say, is in the details..... So here are the major categories......
by Escapevelocity
Wed Apr 07, 2021 10:53 am
Forum: Investing - Theory, News & General
Topic: What is your contrarian/alternative play?
Replies: 101
Views: 8585

Re: What is your contrarian/alternative play?

A few limited allocations aimed at offsetting our low interest rate environment 1. $100k cash at HM Bradley (FDIC Insured via Hatch Bank) earning 3.5% APY 2. Crypto - $5k at BlockFI - GUSD stable coin earning 8.6% "interest" 3. $57k in domestic energy pipelines (MLPs) yielding 7-8% distrib...
by Escapevelocity
Wed Apr 07, 2021 7:24 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 168
Views: 19791

Re: For those retired or FI, how much do you spend annually?

When I read these threads, I just don’t understand how people live on such tight budgets. Granted I live in a HCOL area, SoCal, in a nice suburb, but if I just look at insurance costs (health, house, car, earthquake, umbrella) and property taxes, that adds up to over $40k annually. That’s without f...
by Escapevelocity
Wed Apr 07, 2021 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5817

Re: Staying at a company after giving notice? (counter-offer)

I would counter the counter at current employer to $95-100k. If they want you badly enough they will pay it.
by Escapevelocity
Tue Apr 06, 2021 7:15 am
Forum: Personal Investments
Topic: Time to dial back 529 plans?
Replies: 10
Views: 1849

Re: Time to dial back 529 plans?

I'm thinking with my 1st daughter 1 year out from college and the markets pushing new highs, it may be time to dial back the girl's 529 plans. I stepped down from 80/20 a few years ago in both plans; I was targeting 50/50, but the market kindly disagreed with me, and over the last year pushed me up...
by Escapevelocity
Mon Apr 05, 2021 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6847

Re: Too early to retire?

Not saying this is directly relevant to you, but here is a "data point" I am retiring next year at 55. Spouse does not work and has not worked (for pay that is - she raised our 3 kids). I have saved approx. 22x our projected initial annual spend including taxes. It is invested at 50/50 all...
by Escapevelocity
Sat Apr 03, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: Are Hedge funds basically scams?
Replies: 72
Views: 8058

Re: Are Hedge funds basically scams?

nisiprius wrote: Sun Jul 01, 2018 9:18 am "Scam" is a harsh word. Eugene Fama famously said of hedge funds, "If you want to invest in something where they steal your money and don’t tell you what they’re doing, be my guest." Does that equate to "scam?" No.
How is what you described NOT a scam?
by Escapevelocity
Sat Apr 03, 2021 2:09 pm
Forum: Investing - Theory, News & General
Topic: Are Hedge funds basically scams?
Replies: 72
Views: 8058

Re: Are Hedge funds basically scams?

Yes they are money grabs and play on the hubris of the ultra wealthy who tend to think they require a special class of financial assets. No SP500 for the country club crowd!
by Escapevelocity
Fri Apr 02, 2021 12:27 pm
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 57
Views: 6177

Re: Lower bond percentage after you won the game?

KlangFool wrote: Fri Apr 02, 2021 8:29 am OP,

The pain of loss is several times bigger than the joy of gain.

KlangFool
This is so true! By extension, that pain of loss is likely to lead to panic selling, the avoidance of which which is the real point of a high bond allocation.
by Escapevelocity
Fri Apr 02, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2598

Re: HM Bradley experience

Today, I logged in and can see that I am in "Tier S" which is a 3.5% interest rate. This is based on having the credit card and spending at leat $100 per monthly cycle. The credit card is great by the way. It gives 3% rebate on top spending category each month and 2% on 2nd highest catego...
by Escapevelocity
Fri Apr 02, 2021 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9180

Re: Do you trust the current value of your portfolio?

Don’t retire until your assets are sufficient with a conservative asset allocation. If your retirement is “feasible” only under some generous growth assumptions and and aggressive AA, then it’s not really feasible in a trustworthy manner. I decided for me that a 40/60 portfolio AT RETIREMENT will d...
by Escapevelocity
Fri Apr 02, 2021 8:23 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2598

Re: HM Bradley experience

Today, I logged in and can see that I am in "Tier S" which is a 3.5% interest rate. This is based on having the credit card and spending at leat $100 per monthly cycle. The credit card is great by the way. It gives 3% rebate on top spending category each month and 2% on 2nd highest categor...
by Escapevelocity
Fri Apr 02, 2021 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9180

Re: Do you trust the current value of your portfolio?

I am a huge safety net guy. My conservatism is like this: My AA is 50/50. Of the bonds, 12% is in US Savings bonds, so that value is never going down. My spending, increased for expected retirement increases (health insurance and travel) comes to $62k per year. 25 times that would be $1.55MM. But I...
by Escapevelocity
Wed Mar 31, 2021 10:32 pm
Forum: Personal Investments
Topic: Good Pension and asset allocation
Replies: 31
Views: 2881

Re: Good Pension and asset allocation

WS1 wrote: Wed Mar 31, 2021 10:29 pm You’re rich. spend your money on blow and skydiving.
Is that coming from firsthand experience? :beer
by Escapevelocity
Wed Mar 31, 2021 10:16 pm
Forum: Personal Investments
Topic: Good Pension and asset allocation
Replies: 31
Views: 2881

Re: Good Pension and asset allocation

When you have a huge COLA'd pension like the OP (or two as mentioned by subsequent posters) AND a large investment portfolio, then it literally comes down to personal preference. You are going to die rich in basically any scenario. I'm amazed at the size of some of these public pensions. Really incr...
by Escapevelocity
Tue Mar 30, 2021 8:05 pm
Forum: Investing - Theory, News & General
Topic: Anyone increasing international allocation?
Replies: 121
Views: 7615

Re: Anyone increasing international allocation?

When so many pundits, including all of my advisers at Schwab ( Kleintop in particular)are convinced that international will outperform over the next 5-10, I have to take pause. My contrarian streak tells me to ignore them I agree. My sense is that International will continue to lag generally. But i...
by Escapevelocity
Tue Mar 30, 2021 1:17 pm
Forum: Personal Investments
Topic: Tips ladder for retiree
Replies: 15
Views: 1293

Re: Tips ladder for retiree

Hey Dbr, agreed, the Fed Reserve has thrown older savers under the bus... and the bus has been several years long now! I take Swedroe's mantra to heart about 'willingness and need to take on risk' So I will take my SS, pensions and yearly rmd's and be very satisfied. Maybe dabble a little with a Be...
by Escapevelocity
Tue Mar 30, 2021 8:56 am
Forum: Personal Investments
Topic: Tips ladder for retiree
Replies: 15
Views: 1293

Re: Tips ladder for retiree

This would be close to the rmd's and would provide protection for all of our income needs. Thanks Can you clarify above? what is the point of having TIPs matching the RMDs on annual basis? It doesn't. There is confusion here between using a TIPS ladder to supply income to be spent each year and thi...
by Escapevelocity
Tue Mar 30, 2021 8:42 am
Forum: Personal Investments
Topic: Tips ladder for retiree
Replies: 15
Views: 1293

Re: Tips ladder for retiree

mnmac1 wrote: Mon Mar 29, 2021 4:43 pm
This would be close to the rmd's and would provide protection for all of our income needs.

Thanks
Can you clarify above? what is the point of having TIPs matching the RMDs on annual basis?
by Escapevelocity
Sun Mar 28, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Can I stop working?
Replies: 120
Views: 12259

Re: Can I stop working?

Uniswap wrote: Sat Mar 27, 2021 1:24 pm
investor_8675309 wrote: Sat Mar 27, 2021 12:25 pm I talked to a financial planner a couple of years ago and she said it was on the bubble.
Lol
Please don't go back to that FA....really bad advice you got there.
by Escapevelocity
Sat Mar 27, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Can I stop working?
Replies: 120
Views: 12259

Re: Can I stop working?

Yes obviously!!
by Escapevelocity
Thu Mar 25, 2021 2:44 pm
Forum: Personal Investments
Topic: RSU's after separation: is it earned income?
Replies: 24
Views: 1697

Re: RSU's after separation: is it earned income?

If same as RSUs, then the company would normally withhold taxes in the form of shares. That shouldn't change even with your leaving the company. YMMV but in my situation, RSUs that vest and options that are exercised after retirement will generate W2 income upon those events and not at the time of ...
by Escapevelocity
Thu Mar 25, 2021 2:33 pm
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3779

Re: Advice on not stressing closer to retirement

OP, My philosophy. A) Don't worry. Be prepared instead. B) Be diversified. C) Be balanced. My story. My AA = 60/40. My emergency fund is not part of my portfolio. 1) March 2020. My follow-on project project was canceled. I was told that I will be laid off on 6/2020. The stock market crashed. I reba...
by Escapevelocity
Thu Mar 25, 2021 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22376

Re: What is an average retirement a/c worth in America ?

Some of the most popular posts here are full of outliers and should not be used to assess the average, median or mode of family finances. I take it as quite a few "humble bragging" about their $350k silicon valley salaries with $200k RSUs and buying $2million homes with $1.5 million netwo...
by Escapevelocity
Thu Mar 25, 2021 8:58 am
Forum: Personal Consumer Issues
Topic: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?
Replies: 232
Views: 24319

Re: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?

The average age in those places is usually mid-80’s. Just going from experience, I'd say late 60's and 70's is the average age for over 55 communities, full independent living. Low 80's is the average age for entering CCRCs, assisted living, memory care, and nursing homes. So it sounds like a good ...
by Escapevelocity
Wed Mar 24, 2021 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22376

Re: What is an average retirement a/c worth in America ?

Some of the most popular posts here are full of outliers and should not be used to assess the average, median or mode of family finances. I take it as quite a few "humble bragging" about their $350k silicon valley salaries with $200k RSUs and buying $2million homes with $1.5 million netwo...
by Escapevelocity
Wed Mar 24, 2021 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: HMBradley users: help me understand optimal deposit/withdrawal
Replies: 33
Views: 2013

Re: HMBradley users: help me understand optimal deposit/withdrawal

"I got the credit card invite shortly after bumping my direct deposits to 2.5k per month. I think it was about 6 weeks later. Now that I have the card, I’m dialing the direct deposits back down in order to stay under $100k on deposit. I assume they won’t close my credit card as long as I pay o...
by Escapevelocity
Wed Mar 24, 2021 6:25 am
Forum: Personal Finance (Not Investing)
Topic: HMBradley users: help me understand optimal deposit/withdrawal
Replies: 33
Views: 2013

Re: HMBradley users: help me understand optimal deposit/withdrawal

"I have been happy with HM Bradley so far. Is anyone using their credit card? From what I read, it gives an extra 0.5% on the savings account for a total of 3.5%. Plus, it give rewards of 3% for the top category. I am currently using fidelity 2% card for everything, so this could help me"...
by Escapevelocity
Wed Mar 24, 2021 5:53 am
Forum: Personal Investments
Topic: Interesting retirement strategy
Replies: 45
Views: 5527

Re: Interesting retirement strategy

As a retiree I look it it as the "next N years are ALWAYS the first N years of the rest of your retirement" and see nothing special about the first N years of your whole retirement, other than perhaps you are a bit more spooked when you first hear about "sequence of returns risk.&quo...
by Escapevelocity
Tue Mar 23, 2021 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: HMBradley users: help me understand optimal deposit/withdrawal
Replies: 33
Views: 2013

Re: HMBradley users: help me understand optimal deposit/withdrawal

You don't need to jump through these hoops for occasional large withdrawals. You can earn "rate rewinds" which allow you to get out of jail free. These can be earned through referrals.
by Escapevelocity
Mon Mar 22, 2021 9:56 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7694

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

I wouldn’t pay it. They probably spent 5 minutes working it up.
by Escapevelocity
Mon Mar 22, 2021 9:24 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7694

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

Yes considering i had already won the game and also that having secured that 25% I would be sleeping well at night. What is the counter argument to that? Just to pile up more unneeded assets for the hell of it? OP is young and still has a high income. There's no reason to take that much off the tab...
by Escapevelocity
Mon Mar 22, 2021 9:04 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7694

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

FIREGuy88 wrote: Mon Mar 22, 2021 8:52 pm
Escapevelocity wrote: Mon Mar 22, 2021 8:43 pm I would put a minimum 25% in bonds.
At age 35?
Yes considering i had already won the game and also that having secured that 25% I would be sleeping well at night. What is the counter argument to that? Just to pile up more unneeded assets for the hell of it?
by Escapevelocity
Mon Mar 22, 2021 8:37 pm
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4594

Re: Considering $1M conversion from TIRA to my Roth. Talk me out of it!

Does the OP somehow think he is only having to pay 12% on the entire $1M conversion?
by Escapevelocity
Mon Mar 22, 2021 8:27 pm
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

The risk here is not equivalent to a bullish bet on crypto. It’s basically a bet that Bitcoin doesn’t disintegrate. I happen to believe it will go through major down cycles but will not disintegrate. It follows that well managed margin loans will be liquidated and margin called without disastrous lo...
by Escapevelocity
Mon Mar 22, 2021 6:15 pm
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

I've done some limited research on this and as far as I can tell this is possibly one of the worst investments I've ever seen. I don't know why anyone would pick BlockFi over peer to peer lending like Prosper. I've had a Prosper account for "play money" level of investments for many years...
by Escapevelocity
Mon Mar 22, 2021 1:13 pm
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

Thank you for working through this thought process. It makes sense then to buy crypto directly since that must be where the high interest rates are actually being generated, and then the upside is as high as it goes and downside is whatever you've put in (which is, the same with BlockFi in case of ...
by Escapevelocity
Mon Mar 22, 2021 1:02 pm
Forum: Personal Investments
Topic: If and When to Convert Pre-Tax 401k (Retirees, Help!)
Replies: 7
Views: 781

Re: If and When to Convert Pre-Tax 401k (Retirees, Help!)

I do not fear RMDs and want money from my retirement accounts to pay expenses in my old age. It is probably better to have lots of money than not enough to live on. @livesoft this is a fresh perspective. I don't see anyone commenting on the aspect of risk involved in pre-paying taxes early in life ...
by Escapevelocity
Mon Mar 22, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

Equity investment into a startup is not exactly analogous. This is more like investing in a bond than equity. The "problem" is that you don't have Moody's issuing debt ratings on these accounts. You're kidding yourself if you think the only problem vs a bond is the lack of a Moody rating....
by Escapevelocity
Mon Mar 22, 2021 8:27 am
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

Go to Block Fi website and read their FAQs to learn more. I decided to put 5k into GUSD after doing some research. I think it’s a good risk reward but clearly not without risk. They make money by making loans to clients who are buying crypto on margin. Yeah... I'd want waaay more than the return th...
by Escapevelocity
Sun Mar 21, 2021 9:10 pm
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

Go to Block Fi website and read their FAQs to learn more. I decided to put 5k into GUSD after doing some research. I think it’s a good risk reward but clearly not without risk. They make money by making loans to clients who are buying crypto on margin. Yeah... I'd want waaay more than the return th...
by Escapevelocity
Sun Mar 21, 2021 8:58 pm
Forum: Investing - Theory, News & General
Topic: fiat collateralized stable coins
Replies: 53
Views: 3083

Re: fiat collateralized stable coins

Go to Block Fi website and read their FAQs to learn more. I decided to put 5k into GUSD after doing some research. I think it’s a good risk reward but clearly not without risk. They make money by making loans to clients who are buying crypto on margin.
by Escapevelocity
Fri Mar 19, 2021 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 5981

Re: Sitting on too much cash? Should we rethink taxable investing?

lazynovice wrote: Fri Mar 19, 2021 10:12 am
mikejuss wrote: Fri Mar 19, 2021 9:00 am
barnaclebob wrote: Fri Mar 19, 2021 8:56 amwhile a "crash" in bonds just means selling a little more when the time comes.
What do you mean by this?
Bonds don’t crash by 20-30% the way stocks do. A crash in bonds is 5-10%.
That depends on whether you have exposure to long durations.
by Escapevelocity
Fri Mar 19, 2021 11:08 am
Forum: Investing - Theory, News & General
Topic: Early Retirement and Absorbing the 10% Withdrawal Penalty
Replies: 46
Views: 4360

Re: Early Retirement and Absorbing the 10% Withdrawal Penalty

A good post by OP. Another idea is to stick it out with your employer until age 55 if possible and take advantage of Rule of 55 penalty free withdrawals from 401k. Check with your plan administrator in advance to ensure they allow partial withdrawals. I plan to do this in combination with Roth Conve...
by Escapevelocity
Thu Mar 18, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 5981

Re: Sitting on too much cash? Should we rethink taxable investing?

Max the 401k immediately. You have all the liquidity you need via 401k loan feature assuming that the liquidity is more of a potential need vs a known expense.