Search found 2709 matches

Return to advanced search

Re: [news expats]Renunciation of Citizenship fee hiked to 23

Although I never plan to renounce citizenship as I am proud to have been born and raised here and plan to die here, I did not even know this fee existed. In all seriousness, if you live abroad and stay there, barring having money over here, why do you even have to deal the country that you are renou...
by Calm Man
Wed Sep 17, 2014 10:12 pm
 
Forum: Investing - Theory, News & General
Topic: [news expats]Renunciation of Citizenship fee hiked to 2350
Replies: 8
Views: 570

Re: Adj Complife (whole life ins) advice

OP, can you tell us what your estate planning issue is? Are there some degree of extensive assets you aren't mentioning as I see no issue. I think you have paid a large commission possibly for nothing.
by Calm Man
Wed Sep 17, 2014 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 8
Views: 248

Re: Rental property with in-laws: please help!

I have one other nagging thought that I hope everybody shoots me for. I have found that sometimes when people say they know nothing and don't understand things, that isn't true. I can't remember the novel, but the Dickens one with Mr Micawber, where the protagonist was told that people who say they ...
by Calm Man
Tue Sep 16, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 117
Views: 5970

Re: Allocation plan that hedges for potential large inherite

I am 12 years younger than your father. I have a daughter who is almost 28. She better not be planning on her asset allocation based on my anticipated death in 25 years. I think it is healthier for you to plan as though you were not inheriting anything because, well, because.
by Calm Man
Tue Sep 16, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation plan that hedges for potential large inheritence
Replies: 7
Views: 522

Re: Rental property with in-laws: please help!

Her parents owned a construction company as one of their businesses. I think they bought the land for 30k, had their construction company build the home, and sold it to my wife in 2006.. They built a spec house , couldn't sell it and dumped it on your wife. I just read the last bunch of posts. It h...
by Calm Man
Tue Sep 16, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 117
Views: 5970

Re: Experience w/financing for non-year round dwelling?

Maybe it's good this came up. It will remind you what you will be dealing with when you want to sell. I'd take a quick walk away and tell him to you won't make a deal under these circumstances. Period. And maybe just rent a place when you want to take a vacation wherever you want. I have always felt...
by Calm Man
Mon Sep 15, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience w/financing for non-year round dwelling?
Replies: 7
Views: 228

Re: Dave Ramsey: The Legacy Journey

I heard him a few times when he was on a NYC radio channel and I was commuting at the time. WOR I think. He is not on anymore. But I wasn't aware he was selling anything. Is it just paying to attend or does he have a product he sells?
by Calm Man
Mon Sep 15, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey: The Legacy Journey
Replies: 21
Views: 2860

Re: Good hobby for a bright/obsessive 9 year old?

Tyrion, I will withold saying what I am "worried" about until I ask a few questions. You are free to not answer it of course. Can you tell me if this bright 9 year old has friends in the same quantity and type as other kids his age? And whether his interests seem a little on the "unus...
by Calm Man
Mon Sep 15, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 2861

Re: Vanguard Total Stock Market Index Fund (VTSMX)

Thank you Taylor. It is people like Jack Bogle, but no less so people like you who have helped distribute Jack's views, that have mad profound differences for the better in the lives of many.
by Calm Man
Mon Sep 15, 2014 7:20 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Market Index Fund (VTSMX)
Replies: 10
Views: 1943

Re: Rental property with in-laws: please help!

Young investor, I frankly at this point think you have enough information. By enough, I mean that you will never understand it all as you are dealing with very sophisticiated in-laws while you are and your wife are not (and you shouldn't be). Others will disagree with me but those who know me know w...
by Calm Man
Mon Sep 15, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 117
Views: 5970

Re: 529 Beneficiary Change Tax Implication Question

It is great that you are enthusiastic and planning ahead. As an older man who has been through life's ups and downs, I suggest that there is a good ways between your needing the 529 and now. I would wait until you know you had the beneficiary of the account that you are intending it for. Good luck.
by Calm Man
Mon Sep 15, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Beneficiary Change Tax Implication Question
Replies: 4
Views: 386

Re: Hamilton watches, worth the money?

On occasion, but less so now, I deal with "big time" people. Most have glittering watched that must be of the type you are talking about but maybe even more expensive. Usually I don't notice them because if somebody is in a suit and a long sleeved shirt, it might no even be visible. I hap...
by Calm Man
Sun Sep 14, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 199
Views: 5769

Re: Personal Taxes and Budget (Scenario Check)

I don't like it!!!! There is almost no margin for error. Maybe the wife could continue to work at least part time especially if she has an education or skills. Otherwise, if she takes off too long, when she wants to return she will be at an extreme disadvantage in getting hired. She also becomes tot...
by Calm Man
Sun Sep 14, 2014 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Taxes and Budget (Scenario Check)
Replies: 13
Views: 1029

Re: How to get a child a different teacher after a bad start

I think grandpa is just confused somehow. I read the prior thread from a little more than a year ago. It is almost like this current thread is posted a year late.
by Calm Man
Sun Sep 14, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: How to get a child a different teacher after a bad start?
Replies: 30
Views: 2405

Re: Hamilton watches, worth the money?

Deleted.
by Calm Man
Sun Sep 14, 2014 8:16 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 199
Views: 5769

Re: Rental property with in-laws: please help!

OP, how could the in-laws take a HELOC if your wife owned it? Am I understanding correctly that your wife has the mortgage and HELOC in her name? And she got the mortgage when in college? How was she approved. I must vent too -- what parent who is any type of parent would use a child as a vehicle fo...
by Calm Man
Sat Sep 13, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 117
Views: 5970

Re: 401(k) 20% Mandatory Tax Withholding

OP, if your bracket is less than 20%, it can only be 15%, 10% or zero. Are your assets that large that you are worried about lawsuits over the next year having judgments against you? Also, if you remove the money from the 401K you lose whatever protections you are looking to have whether it goes to ...
by Calm Man
Sat Sep 13, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) 20% Mandatory Tax Withholding
Replies: 24
Views: 1756

Re: Tax Deduction for Charitable Contributions at Businesses

You're kidding right? You are really going to keep (or scan) 100 receipts for $1 each? Considering I'm in the top tax bracket, this could save me enough in taxes to buy a decent dinner. It all adds up. Southern doc, if you are in the 39.6% federal bracket,, it is likely more important that you give...
by Calm Man
Sat Sep 13, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Deduction for Charitable Contributions at Businesses
Replies: 15
Views: 779

Re: Tax Deduction for Charitable Contributions at Businesses

You're kidding right?
You are really going to keep (or scan) 100 receipts for $1 each?
by Calm Man
Fri Sep 12, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Deduction for Charitable Contributions at Businesses
Replies: 15
Views: 779

Re: Where to start?

OP, are you telling us that you are married at age 21 and have a wife who never will be able to work? If you are full-time employed at age 21, I assume you do not have an advanced degree. You are younger than my children but I am worried.
by Calm Man
Fri Sep 12, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to start?
Replies: 8
Views: 815

Re: Gifting planning for upper 60s widowed.

She thinks she has a lot. You say she is healthy though and in her upper 60s. She could live 35 years and even if in good shape will have a lot of costs probably the last 10-15. I'd be real careful about what she gives away. And I would strongly suggest she not give anything to spouses.
by Calm Man
Fri Sep 12, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 19
Views: 1235

Re: Personal Liability Insurance

Rather then retire and then start doing odd jobs at low pay, why not work an extra year longer and not then have to water people's plants or walk their dogs when retired? As to liability? I think the clients have more worries than they do.
by Calm Man
Fri Sep 12, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Liability Insurance
Replies: 7
Views: 519

Re: How would you handle this situation ?

Three thoughts:
1. I am surprised that what bothers you is the 14 x $25, which is $350 per year. I would be annoyed at being expected to go to 14 of these events a year.
2. What in the name of the lord is a "homogenous cultural group"?
3. Why do you want to be in this group?
by Calm Man
Fri Sep 12, 2014 11:25 am
 
Forum: Personal Consumer Issues
Topic: How would you handle this situation ?
Replies: 33
Views: 2447

Re: 100% Small and Value Tilting

Johnny, compared to say Total market stock index funds, how much outperformance are you looking for and what degree of downside are you willing to tolerate? What is your best and worse case and is it worth the bother? Are tax consequence of any consideration as small value is not as tax efficient by...
by Calm Man
Thu Sep 11, 2014 8:51 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 70
Views: 3876

Re: Individual stock

Frankly, if you've heard of it, it is highly unlikely that it will be a big multiplier. So my answer would be I don't know. No current large cap or even medium cap stock is going to multiply 1000x or even 100x in 20 years. Probably not even 10x.
by Calm Man
Thu Sep 11, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Individual stock
Replies: 21
Views: 1131

Re: Refrigerator problem

I cannot diagnose a refrigerator. But I can say that although I don't check the temperature in my refrigerator, I would never be in the situation of it happening more than once as in your case. Refrigerators are so inexpensive I would just replace it rather than agonize over it as is happening to yo...
by Calm Man
Thu Sep 11, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: Refrigerator problem
Replies: 14
Views: 974

Re: Helping Mother In-Law With Retirement Planning

OP, given the 4 funds you suggest, I strongly suggest that you simply go with a Life Strategy Fund -- either Conservative Growth for 40/60 or Moderate Growth for 60/40. Clearly there is not enough money here to do what your MIL wants. I think the beauty of the Life Strategy fund is that the fund hol...
by Calm Man
Tue Sep 09, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2016

Re: The Calculus of DIY

OP, you talk about acquiring skills which is good. If you are a professional who does not work with his hands, is it really worth investing 10 weeks in courses and learning "on the job" to acquire the skill to repair an auto body when you will have little chance to use it in the future (al...
by Calm Man
Tue Sep 09, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: The Calculus of DIY
Replies: 9
Views: 1153

Re: WA state Teacher Retirement System questions

I think we are doing the OP a disservice as he is probably quite young. I "laugh" when I read a post like this only because the way things are going, the chance that this system will be in place in 30 years is virtually zero. (I am not saying she will lose anything she gets rights to but r...
by Calm Man
Tue Sep 09, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2053

Re: Life insurance with a smoking spouse

Mojave, I get what you are saying about this thread being about insurance and not his quitting, as he isn't going to do it obviously. You are smart in recognizing that nagging him will make it more, not less, likely that he will keep smoking. If he is going to stop, he will need to convince himself....
by Calm Man
Mon Sep 08, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Does DFA emerging markets have any special sauce?

I wouldn't bother. They would have to beat it by 0.4% a year to even make it worth bothering with. And they probably won't. Historically they have beaten the index after ER when looking at 5/10/15/20 year periods. You don't want to pay an advisor .25% to get access to the fund however. Thank you Fr...
by Calm Man
Sun Sep 07, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does DFA emerging markets have any special sauce?
Replies: 7
Views: 455

Re: Help with Retirement/Investing

Antichurn, I assume as an engineer you have thick skin. I am coming at this as the parent of adult children. I am getting nervous about your situation. You make $100 K or so. That's great and it is perfectly good in NY when you live rent free and have 1 child and a non-working spouse. You will event...
by Calm Man
Sun Sep 07, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement/Investing
Replies: 9
Views: 918

Re: Think like a rich person

I understand what your saying, but don't understand what you mean by 'badges of honor' holding you back. I've never seen someone with a rolex getting held back because they have a watch on their wrist. Unless you are talking about the missed 'return' of spending money on an item I'm describing the ...
by Calm Man
Sun Sep 07, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4127

Re: Does DFA emerging markets have any special sauce?

I wouldn't bother. They would have to beat it by 0.4% a year to even make it worth bothering with. And they probably won't.
by Calm Man
Sun Sep 07, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does DFA emerging markets have any special sauce?
Replies: 7
Views: 455

Re: Think like a rich person

With all due respect, I am not sure what you are writing is how rich people think. Are you rich?
by Calm Man
Sat Sep 06, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4127

Re: WEP-Windfill Elimination provision - Social Security

OP, I must be incorrectly reading what you wrote. Are you saying that Lithuania is reducing your pension from Lithuania? What does that have to do with the WEP of social security? I must be misreading it as I don't think we can give you guidance about LIthuania.
by Calm Man
Sat Sep 06, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: WEP-Windfill Elimination provision - Social Security
Replies: 3
Views: 401

Re: Injury on MBTA: Financially worth it to hire an attorney

OP. You have not told us whether she reported this to the driver or anybody who could substantiate her statement at the time of the accident. Otherwise, how does she even know anybody including the driver will even know or agree that a pothole was hit?
by Calm Man
Sat Sep 06, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Injury on MBTA: Financially worth it to hire an attorney?
Replies: 27
Views: 1953

Re: So, when does a market timer get back in?

The secret is to SAY you got out at the top and bought back in at the bottom. (never actually let anyone see your trade confirmations, that takes away the mystique) Mike I was chatting with a friend of mine a few weeks ago. We have drastically different views on investing (mine is of the Bogleheads...
by Calm Man
Sat Sep 06, 2014 8:40 pm
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5498

Re: Can estimated tax replace withholding?

I was "troubled" by the issue of whether it was really OK or not to claim a lot of exemptions on the W4 for withholding. As I claim 10 from one payer precisely because, like Neurosphere, i wish to have zero withheld as I have enough withheld and estimated to meet my liability. Because it i...
by Calm Man
Sat Sep 06, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can estimated tax replace withholding?
Replies: 11
Views: 670

Re: Drawing down a windfall...

I've been around and seen those businesses where you are "sucked in" in that if you don't keep meeting capital calls, you have nothing. But then, you are giving the capital to people who have run the business into the ground and your additional funds may not be enough and they may want mor...
by Calm Man
Sat Sep 06, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4062

Re: Looking for feedback on my plan

OP, if you are a broker-dealer that sounds like you help other people invest their money. Is that the case? And if so, do you really need advice from this forum?
by Calm Man
Sat Sep 06, 2014 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for feedback on my plan
Replies: 12
Views: 696

Re: Colleague being fleeced by insurance agent / Ponzi Schem

This reminds me of a conversation I had with an advisor who manages money for a business partner of mine: Me: I'm just happy with index funds and their returns. Him: yes, index funds are good , but there are products that never lose money. Even in 2008, they made money. Me: i guess they shorted sto...
by Calm Man
Sat Sep 06, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5122

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

My first thought after looking at Sylvia Flores's picture in the beginning of the article was that she needs more bookcases. Victoria She indeed needs more books. What amazes me is that after this woman (more like a child) goes bust for 500K , a bunch of credit card companies let her go 300K more i...
by Calm Man
Fri Sep 05, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 9212

Month to start Medicare and Max Social Security

Social security: We all know that you get maximum social security benefits by delaying until age 70. What does age 70 mean? To make it close and feel more real, let us say you were born on November 15, 1944 (I made that up). So you turn 70 this November. Do you file to collect effective November (wh...
by Calm Man
Wed Sep 03, 2014 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Month to start Medicare and Max Social Security
Replies: 3
Views: 381

Re: Colleague being fleeced by insurance agent / Ponzi Schem

This reminds me of a conversation I had with an advisor who manages money for a business partner of mine: Me: I'm just happy with index funds and their returns. Him: yes, index funds are good , but there are products that never lose money. Even in 2008, they made money. Me: i guess they shorted sto...
by Calm Man
Tue Sep 02, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Colleague being fleeced by insurance agent / Ponzi Scheme?
Replies: 54
Views: 5122

Re: Assest allocations with a pension, help

I would hope for the best (that you get what you think you are going to get for the pension) and make my plans under lesser assumptions. Political discussions are not permitted at this site but I assume it is OK to say that the state of municipal financing and funding of retirements is uncertain eve...
by Calm Man
Tue Sep 02, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Assest allocations with a pension, help
Replies: 16
Views: 954

Re: Fantasy football debt owed

I have nothing against gambling. Although I find fantasy sports "silly", I do have some thoughts on the issue of the thread. Everybody is assuming the commissioner is innocent in this. I am not. The commissioner claims he has collected $450 (and not the additional $150). Fine, let him pay ...
by Calm Man
Tue Sep 02, 2014 5:17 pm
 
Forum: Personal Consumer Issues
Topic: Fantasy football debt owed
Replies: 27
Views: 1969

Re: Advice for stay at home mom/military wife going back to

OP, I hope you do not mind my using your post to yet again recite what is my mantra. Women, please do not put yourself into this position. When you drop out of the work force for several years, in this case 7 or more, it is extremely difficult unless you have a particular skill or talent to resurfac...
by Calm Man
Sat Aug 30, 2014 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for stay at home mom/military wife going back to work
Replies: 24
Views: 1630

Re: My husband's " WILL", $ left for me to live on....

OP, I read your comment about how happy you are that your husband changed his will so that you got 400K plus 200K life insurance. It is almost like he read this thread and decided to say that to you !!! He has pulled a common move which is to try to "fool" you. He has made you think he is ...
by Calm Man
Sat Aug 30, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17328
Next

Return to advanced search