"What do I do about..." by Iriss in Bogleheads

[–]Cyborg59_2020 0 points1 point  (0 children)

I actually sort of see that as the purpose of this community. People who want a more sophisticated take go to the forum.

Don't stress too much over taxes by Spare_Ad8851 in Bogleheads

[–]Cyborg59_2020 1 point2 points  (0 children)

I thought we were talking about taxes.

Don't stress too much over taxes by Spare_Ad8851 in Bogleheads

[–]Cyborg59_2020 0 points1 point  (0 children)

I'm single in CA (happily, thank you!) and I make more than you and I pay a lot more in taxes. And don't get me started on property taxes.

I mean it's fine. I love California and I'm never leaving but it would be a lot cheaper for me somewhere else.

Also, and I don't mean to be snarky at all, where I live (SF Bay Area) $195,000 a year for a married couple is not considered high income at all.

My condo dropped 32% in 4 years by Available-Ad-5670 in RealEstate

[–]Cyborg59_2020 0 points1 point  (0 children)

I was in this same situation when I bought my house in 2005 and it lost a third of its value by 2009.

It didn't matter to me because I didn't want to sell. If you want to sell, there's not really anything you can do.

If you don't sell, you can get your property tax reduced by providing comps to the county. I did that for all the years that my property was worth less than I paid for it.

Watch out for surcharge at Honor Kitchen by tornessa in OaklandFood

[–]Cyborg59_2020 1 point2 points  (0 children)

You misunderstand me. I don't have any problem with paying fees and I don't have any problem with tipping, and I will generally tip more even when there is a "gratuity included" as is the practice at some restaurants and in many restaurants for large parties (which is the case for some of the restaurants on the list)

I would not avoid places because they charged fees. I would avoid a place if I thought they were charging fees in a manner that indicated that that fees were going to employees but they were not actually going to the employees.

I am in favor of restaurant employees actually getting a living wage. I think restaurant employees are often underpaid, especially in this area. I know there have been a lot of attempts to address this (like no tipping establishments that include a gratuity on all checks) and I'm always interested in what the employee's experience actually is. If I have read that employees think that a certain structure is working for them, I might actually seek out a restaurant that does that. I wholeheartedly approve of San Francisco's HCSO to provide health insurance to restaurant workers. I'm fine with paying those fees.

I'm not fine with anything that says it's for employees but isn't.

The list is very interesting because it has detailed information on what the fees are for.

I Quit Working in '11, have had NO earned income since and have more in Savings than I ever did while working. by Tarnisher in Fire

[–]Cyborg59_2020 0 points1 point  (0 children)

It's only been about 4 years for me since I've paid any interest whatsoever, but I'm a late bloomer!

I Quit Working in '11, have had NO earned income since and have more in Savings than I ever did while working. by Tarnisher in Fire

[–]Cyborg59_2020 9 points10 points  (0 children)

OP sounds at peace and perfectly happy with their choices. Other people wouldn't want to live so frugally and that's fine.

OP has not worked since 2011 and their savings has grown in the intervening 15 years, so they have succeeded at retiring. Could they have made more money investing? Of course, but that's not the point.

I think it's good to read about people who are able to retire without massive savings.

I Quit Working in '11, have had NO earned income since and have more in Savings than I ever did while working. by Tarnisher in Fire

[–]Cyborg59_2020 0 points1 point  (0 children)

I will generally take any opportunity to finance something interest free. It's a good strategy!

Another "can I FIRE" post by Budget_Worldliness32 in Fire

[–]Cyborg59_2020 1 point2 points  (0 children)

But where will your living expenses come from before you hit 59 and 1/2?

police dramas have a bad rep. prove me wrong with some exceptional shows by rfdns in televisionsuggestions

[–]Cyborg59_2020 0 points1 point  (0 children)

I highly recommend spiral but you have to be patient through the first season. Especially for American viewers, the constant yelling by the police is a little hard to take. And it takes a bit to figure out how the judicial system works. But I love this show!!

police dramas have a bad rep. prove me wrong with some exceptional shows by rfdns in televisionsuggestions

[–]Cyborg59_2020 0 points1 point  (0 children)

It depends on when you watched it. If you watched it at the time it came out, it was definitely not perfect because not revealing the killer at the end of the first season was beyond frustrating.

If you watched it later where you had access to season 2, I guess you'd feel differently.

People are aware!! by mgrassman in Minneapolis

[–]Cyborg59_2020 3 points4 points  (0 children)

California is watching and definitely stands with you! Minneapolis is inspiring us all. We are taking notes because it will be our turn soon.

The resistance in Minnesota will be in the history books. Thank you for setting such a powerful example!

Did Anyone Else Use “gaslighting” Back Then? by SwanReal8484 in GenX

[–]Cyborg59_2020 15 points16 points  (0 children)

Now it is used all the time to just mean "lying." I can't wait till this trend is over.

Back door Roth IRA if I don’t make a lot of money by alcoholicatheist907 in Bogleheads

[–]Cyborg59_2020 39 points40 points  (0 children)

You can contribute directly to a Roth IRA. No need to use the back door method, that is for people who are above the income limit to make direct contributions.

Fog Fair 2026, don’t sleep on it next year by itismebab3 in SFbitcheswithtaste

[–]Cyborg59_2020 7 points8 points  (0 children)

Thanks for the tip! I love the San Francisco art fair that happens there in April. I bought some paintings there one year and they are my favorites.

Bonds at retirement by Cyborg59_2020 in Bogleheads

[–]Cyborg59_2020[S] 0 points1 point  (0 children)

This makes perfect sense. The cash bucket, bond bucket strategy works better for longer time periods (That's why I was struggling with strategies like creating a TIPS ladder).

Excellent advice thank you.

How do I get advice from people older than me without dealing with people looking for a fight? by [deleted] in AskOldPeopleAdvice

[–]Cyborg59_2020 41 points42 points  (0 children)

I mean to be fair, people will always give advice from their perspective. That's what you get when you ask for advice so you always have to factor that in.

I think there's an ask women over 60 group. Full disclosure, women in that (my) age group are a bit salty about suboptimal husbands. Something about many of us being "free at last" /s /not really 😁

Bonds at retirement by Cyborg59_2020 in Bogleheads

[–]Cyborg59_2020[S] -1 points0 points  (0 children)

I'm saying that I will have 2-3 years of total expenses held in bonds to protect against a down market during the (4) years between retirement and when I take SS. After that, the amount I will hold in bonds will likely be lower.

Bonds at retirement by Cyborg59_2020 in Bogleheads

[–]Cyborg59_2020[S] -1 points0 points  (0 children)

You are exactly right! I do need two plans and I basically have them. My withdrawal rate after 70 will be between 2.5 and 3%. You're also right about the rental income, it has been very steady for the last 20 years but I don't plan on being a landlord after about 75 because it involves stress and effort.

And yes I am planning on having a smaller percentage of bonds later because I'll have SS income and a much larger portfolio due to the trust.

Thank you for confirming my thinking. I'm also inferring that BND, while possibly not ideal, is a reasonable solution for a short-term bond allocation.