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Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

There are too many contingencies here -- you have no idea if he will file bankruptcy and it is kind of strange your "friend" raised this issue that he "might" file for bankruptcy. Doesn't he or his employer have insurance covering his healthcare work? Even if he loses the case th...
by BillyG
Thu Jul 17, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7225

Re: Costa Rica

The Monteverde Cloud Forest is amazing if you like wildlife and gorgeous nature and scenery, and at almost a mile high it is cooler than the beach areas.

Tripadvisor is your friend.

Billy
by BillyG
Tue Jul 15, 2014 5:06 pm
 
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1703

Re: A Big Thank You After Visiting Accountant

I wish I could call myself a "younger" member but I'll have to leave it as a "newer" member.

I truly appreciate all of the fabulous advice here and the passion for accurate thinking and high ethics. Thanks everyone.

Billy
by BillyG
Sat Jul 12, 2014 5:48 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A Big Thank You After Visiting Accountant
Replies: 17
Views: 2473

Re: Contractor Messed up

No, don't ask for a discount for your time and delay. If you had a time schedule in your contract and they didn't meet it, that's a different story. Remember, they are spending extra time on this and even though it's not your fault it is real money to them. Investing extra time and project delays ar...
by BillyG
Fri Jun 27, 2014 12:01 am
 
Forum: Personal Consumer Issues
Topic: Contractor Messed up
Replies: 45
Views: 2954

Re: Keeping mold out of bath/shower

Keeping I dry is the main factor you can control. In addition to drying the wall, use the bath fan or an external fan if necessary.
by BillyG
Wed Jun 25, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: Keeping mold out of bath/shower
Replies: 27
Views: 2186

Re: Location does matter when measuring asset allocation

When I saw the thread title I thought "location" in terms of where you live when you retire... which affects the state tax rate on certain things like IRA withdrawals. This adds another variable and another unknown in terms of future tax laws, and for some who have not decided where they a...
by BillyG
Sun Jun 22, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Location does matter when measuring asset allocation
Replies: 45
Views: 2977

Re: 70th Anniversary of D Day

On this D-Day anniversary, here's a big heartfelt thank-you to Taylor Larimore and his WWII contributions and sacrifices he and others made for all of us!! For those of you who do not know he was a paratrooper in the 101st Airborne during the Battle of the Bulge (I hope I got that right).
Billy
by BillyG
Fri Jun 06, 2014 11:12 am
 
Forum: Local Chapters and Bogleheads Community
Topic: 70th Anniversary of D Day
Replies: 18
Views: 1086

Re: Prague for the insider

You will have a wonderful time in that gorgeous city! No doubt you will walk across the Charles bridge and through Old Towne Square, both of which are very nice. Check out the astronomical clock in Old Towne Square -- from the 1300s and still operational. http://www.tripadvisor.com/Attraction_Review...
by BillyG
Thu Jun 05, 2014 10:09 pm
 
Forum: Personal Consumer Issues
Topic: Prague for the insider
Replies: 11
Views: 911

Re: 1 Year Bogleheadiversary - Before and After Picture

Congrats, Swimirvine! That's a wonderful makeover. I'm also in MD, but not an MD. There is a Bogleheads chapter in DC that meets every two months. I hope to meet you at the Bogleheads conference this year. I second the comment about getting more term life (for you and your wife) considering you have...
by BillyG
Thu May 29, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 Year Bogleheadiversary - Before and After Picture
Replies: 62
Views: 7084

Freakonomics Authors Blast Stock Pickers

This is nothing new, but today the Freakonomics authors blasted stockpickers on CNBC. Short quote: "And if you look at, let's say, stock picking advice specifically, you find that the experts, the people that we must revere, the people that we pay the most, are generally about as good as a monk...
by BillyG
Thu May 29, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: Freakonomics Authors Blast Stock Pickers
Replies: 2
Views: 959

Re: Flights D.C. to London: Buy now or wait?

When I fly to Europe, I like to have a window seat, so that I could go to sleep and not need to get up to let someone through. When I fly from Europe and within the U.S., I like to have an aisle seat, so that I can get up and stretch. Exactly - me too. I also eat before I get on the plane flying to...
by BillyG
Sun Apr 20, 2014 7:45 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 50
Views: 9152

Re: Contractor not licensed but insured

You should ask to see their other jobs and speak with previous clients before you go forward. This is the best insurance YOU can have. Insurance doesn't insure you will like the job -- it is more for personal liability and you should ask to see the certificate and confirm it. A bond doesn't mean jac...
by BillyG
Fri Apr 11, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 973

Re: Why Americans are Retiring Overseas

Really, you would rather live in Thailand than the Southern US? Absolutely. Someone in an interracial, same-sex marriage just isn't going to feel at home in the Southern US in this lifetime, I am afraid. While the LGBT rights are still not great in Thailand, I would still prefer to live there . Tha...
by BillyG
Tue Apr 08, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 11206

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Victoria, Of course we don't have to be limited to a diet of bullets in retirement. After you have been eating steak along time, beans taste just fine. I just don't want to drink the Kool-Aid though. :wink: See you at the conference. SGM I thought the idea was to eat beans now so we can (afford to ...
by BillyG
Fri Apr 04, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 12941

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

SGM wrote:I signed up for my third conference. My brother and his wife signed up again. They learned a lot from last year's conference. See you there.


I look forward to seeing you there, along with your brother and his wife! I signed my Dad up as well, and hopefully he can make it.

Billy
by BillyG
Wed Apr 02, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 12941

Re: Saving on major renovations

This is all good advice -- I agree with Hand about Bluestar is a far better stove for cooking than Wolf, but buyers like those red Wolf handles...

Is there any way to split this renovation into stages, or are you opening all the walls?

Billy
by BillyG
Tue Apr 01, 2014 12:58 pm
 
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 2977

Re: Written IPS strategy for next crash - Advice?

Excellent post, nisiprius.

I'll offer an analogy. OP assumes that if rebalancing is good, then over-rebalancing is better. Applying the same logic to driving, when you start to go off the road and you make a steering correction, what do you think will happen if you over-steer?

Billy
by BillyG
Tue Apr 01, 2014 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Written IPS strategy for next crash - Advice?
Replies: 15
Views: 1399

Re: New Friends are the Anti-Bogleheads, what to do?

My inclination would have been to say something when they brought up the investment advisor swooping into town to save them. But I would not have said anything about their spending. That's their business. Unless you can turn it into a joke like "tell me whose boat it is -- was that HIS idea?&qu...
by BillyG
Sun Mar 30, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8858

Re: Anyone been to Singapore?

+1 on the hawker stands and food courts. If you don't like seafood there are plenty of other options including very good satay. Curry laksa is a great soup without seafood. You'll find the best food in the world there -- I liked it better than the food in Penang. Also be sure to eat plenty of ripe t...
by BillyG
Mon Mar 24, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Anyone been to Singapore?
Replies: 23
Views: 2032

Re: any gotchas with 401K consolidation?

I guess one other concern is the potential for a company to change its 401(k) provider and investment choices. This of course is an unknown. Having two 401(k)s available may be a way to hedge against this unknown. I had four 401(k)s and reduced this to two 401(k)s through consolidation. One of them ...
by BillyG
Wed Mar 12, 2014 4:50 am
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 652

Re: any gotchas with 401K consolidation?

If the 401(k) you're abandoning has a Stable Value fund you may want to keep it.
Billy
by BillyG
Tue Mar 11, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 652

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

likegarden, polyurethane foam is different from the foam used in the 1960s. No formaldehyde. JimB, closed cell foam does not have the moisture issue under a roof; open cell foam does. You have to consider where is the air barrier, where is the insulation, and where is the vapor barrier, if any. It i...
by BillyG
Fri Feb 28, 2014 3:08 am
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

Dan, I'm a little concerned about the water stain near the gutter. When you had the roof re-done did they use something like Grace Ice & Water Shield as a peel and stick membrane along all the eaves and at the gables before they installed the shingles? Ice dams are generally caused by heat under...
by BillyG
Fri Feb 21, 2014 10:54 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Attic Insulation Retrofit: Spray Foam Insulation

I agree with frugaltype in terms of sealing the air gaps around the main duct that goes to your attic. It is good if you can seal it at the attic as well as down below where it enters the plenum or framed-in space made for it. If any of this space is adjacent to a chimney you will need to deal with ...
by BillyG
Thu Feb 20, 2014 2:08 am
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Attic Insulation Retrofit: Spray Foam Insulation

Dan, I had this done in our home, built around 1940 in the DC area. I researched it a lot and read hundreds of articles and exchanged correspondence with building scientists and spray foam experts because I wanted to get it right. I have to say there is a lot of misinformation or more likely misunde...
by BillyG
Wed Feb 19, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 3707

Re: Convert Traditional to Roth IRA?

Since Roth withdrawals are tax-free you want to put in whatever investment has the highest expected return. Thanks, Cherijoh. My Roth is 100% in total US stock index funds for this reason False reasoning. The wiki's page on tax-adjusted asset placement explains why. Or see this: http://thefinancebu...
by BillyG
Thu Feb 13, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

Billy, You're very welcome. It was fun and educational for me. I wanted to note that the tax was wildly different depending on composition income even if Total Gross income was 90K. 30K Social Security + 60K IRA conversion/withdrawal (assume Zero basis): AGI: 85,500 Taxable Income: 64,300 Fed Tax: ...
by BillyG
Wed Feb 12, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

The account is in tips. It isn't growing 5 fold (I hope::) in the next 15 year or so. Does the conversion today: pays 19k in taxes. it doubles and he takes the money out: 19k in taxes His time horizon is more than 15 years; he is 15 years from retirement, but will withdraw from the IRA (traditional...
by BillyG
Wed Feb 12, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

BillyG, I would not recommend converting your wife's traditional IRA to a Roth if you need it to house your bonds. Since Roth withdrawals are tax-free you want to put in whatever investment has the highest expected return. I doubt that tips falls in that category for you. It sounds like you should ...
by BillyG
Wed Feb 12, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

I ran some numbers with Taxcaster for a couple age 65 and 63 with 30K of social security income. I started with just 30K of SS income and gradually added Dividend Income to the picture. 85% of 30K would be 25,500 30K Social Security: Taxcaster Total Income = ZERO <- None of social security is added...
by BillyG
Wed Feb 12, 2014 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

Bob's not my name wrote:
BillyG wrote:One of the reasons for converting to Roth instead of leaving the money in an IRA is that in retirement the Roth withdrawals won't bump up my taxable income and cause me to pay more tax on my SS like IRA withdrawals will do.
Wouldn't you be well above the SS taxation maximum?


I don't really know...
by BillyG
Wed Feb 12, 2014 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

I assume Her IRA is one of the smaller accounts in the portfolio. Maybe use all of Her IRA space to hold a core bond fund to free up rebalancing space in other larger accounts like your 401k. Treat the IRA as an overflow area for 401k bonds. The IRA can be "set and forget" and all rebalan...
by BillyG
Wed Feb 12, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

To me there are too many benefits to a Roth IRA to ignore. No RMDs. The distribution does not enter into the calculation to determine if social security is taxable. Tax free income. Why pass it up? I think too many folks try to predict future tax rates. We converted all Traditional IRAs over the la...
by BillyG
Wed Feb 12, 2014 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

But the gains in the IRA will be taxed as income rather than as LTCG if invested in taxable space, so one of the questions is which rate will be better during our retirement. Yes but that may not be much of an issue if you hold bonds/TIPS in the IRA. The bulk of the return from bonds is from income...
by BillyG
Wed Feb 12, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

While converting her IRAs is not attractive given your high tax bracket and no good way to isolate basis, you should continue to make non-deductible contributions to Her Traditional IRA. She already has basis so you may as well keep contributing and tracking basis. This will allow you to grow tax a...
by BillyG
Wed Feb 12, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

Makes no sense to convert about 38k in taxable income at a combined 45% tax rate because you will pay 17k in taxes. Opportunity cost over 10 years at 7% would be 34k. Better to wait until you are in 25% or 15% bracket. You should educate yourself in how to use tax efficient investments such as qual...
by BillyG
Wed Feb 12, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

Good point on deducting state taxes from federal (assuming this deduction isn't phased out somehow) ... which of course it is, thanks to the ATRA. But not entirely. To put you in the 39.6% bracket your gross income must be over $500,000, which means you should be well above the ATRA personal exempt...
by BillyG
Wed Feb 12, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

On the other hand, if you are in the 39.6% tax bracket, you can probably afford to pay the tax now, just to simplify things and allow for a cleaner backdoor Roth. Note that you can still do backdoor Roth's, even if you have other traditional Roth accounts. It is just that the Roth rollover will inc...
by BillyG
Wed Feb 12, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

My math on the 8th grader has them off the payroll in about 8 years, but maybe your a more generous parent than I. I didn't do the math. In rounding they teach that your answer is only valid to the place you started rounding. There are too many unknowns to make this a math based decision. We've mad...
by BillyG
Wed Feb 12, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

This should be worth converting. You are in a 45% bracket now (state taxes deductible from Federal), but you will pay tax on less than half the account, so the tax rate will be 21%. It's better to pay 21% now to avoid paying 25% later, and in addition, you open the backdoor for later use. Grabiner,...
by BillyG
Tue Feb 11, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: self employed solo 401k

Thanks, Spirit Rider.
This makes sense.
Billy
by BillyG
Mon Feb 10, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1065

Re: self employed solo 401k

Thanks, Spirit Rider. The interest in setting up the solo 401(k) is in part to invest net profits but also to create a vehicle for rolling over the pretax portion of an IRA. (I understand Fidelity allows this but Vanguard does not in a Solo 401(k).) Is there any IRS threshold test in setting up a bu...
by BillyG
Mon Feb 10, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1065

Re: self employed solo 401k

Is there a test for employment income to determine eligibility for a solo 401(k)? Can selling things on eBay or Craigslist on a small scale meet this test?

Thanks,
Billy
by BillyG
Mon Feb 10, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1065

Re: Convert Traditional to Roth IRA?

I updated the first post with my expected tax bracket during retirement.
Billy
by BillyG
Mon Feb 10, 2014 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

Kitcat,

These are good thoughts.

No... my wife does not have an HSA.

I do have some Roth IRA space now as a result of rolling over my pre-tax IRA money to my 401(k) and converting the after-tax to Roth.

Years ago she had a 401(k) that we unfortunately rolled over into an IRA...

Billy
by BillyG
Mon Feb 10, 2014 2:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Convert Traditional to Roth IRA?

I don't know what my marginal bracket will be around age 71 but it almost surely will be less than it is now, unless taxes rise a lot. I don't expect to receive a windfall between now and retirement.

There's also a possibility we'll move to a state with a lower tax rate.

Billy
by BillyG
Mon Feb 10, 2014 12:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Convert Traditional to Roth IRA?

I am trying to decide whether to convert my wife's IRA to Roth so I can make annual backdoor Roth contributions/conversions on her behalf. My wife's IRA is worth $84K and it has a basis of $46K (post-tax IRA contributions). She doesn't have a 401(k) or work income that would allow us to use a 401(k)...
by BillyG
Mon Feb 10, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2220

Re: Excess money in my Taxable Accounts

Welcome aboard! The information and advice here is second to none. There have been a number of threads on similar topics and you can search for them. Also please refer to these Wiki articles on options for Emergency Funds: http://www.bogleheads.org/wiki/Emergency_fund http://www.bogleheads.org/wiki/...
by BillyG
Fri Jan 31, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess money in my Taxable Accounts
Replies: 10
Views: 945

Re: Sleeping With Bonds!!!!!

Victoria, I'm sure international bonds is an important part of the portfolio.

now, back to our regularly scheduled program...

Billy
by BillyG
Fri Jan 31, 2014 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: Sleeping With Bonds!!!!!
Replies: 74
Views: 7490

Re: Predicting bond comments

This is the best bond thread yet.

Yesterday I invested new money/rebalanced and most of it went to bonds.

Thanks to all of you who helped convince me to stay with my original AA when I raised the question in another thread.

Billy
by BillyG
Fri Jan 31, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Predicting bond comments
Replies: 29
Views: 1922
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