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Re: If you have ACA health insurance, what is your experien

In general, as best I understand the ACA rules, if your employer offers health insurance, you cannot just choose to obtain another ACA plan on the exchange (or directly). Anyone can buy an insurance policy on the exchange but you may not be eligible for a subsidy if you have access to a qualifying ...
by Jack
Wed Apr 23, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: Do you think the biotech sector will be hurt long term?

A little bit of background. New drugs *are* price controlled, in most countries. The national health authorities bargain with the drug companies as to the price they are willing to pay for new formulations. In the UK that's called National Institute for Clinical Evidence (NICE). It makes a decision...
by Jack
Wed Apr 23, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 54
Views: 2488

Re: If you have ACA health insurance, what is your experien

The tax subsidy is only for the portion of the premium the employer pays. Many employers only pay a portion of the employees premium and the employee pays the balance as well as any dependent coverage after tax. No, the entire premium is untaxed compensation, including for dependents. It makes no d...
by Jack
Wed Apr 23, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

Actually, I don't think that's correct. The FPL for 2 people is $15,730 according http://familiesusa.org/product/federal-poverty-guidelines . $21,000 is just over 133% of the FPL for that family size. You are right. I was thinking of the 138% limit which is for Medicaid in expansion states. In non-...
by Jack
Tue Apr 22, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

Then anything that a business/individual deducts as a expense is a subsidy. Fuel, depreciation, travel expenses, employment and the list goes on. You are confusing business taxes and individual taxes. A business can deduct business expenses -- including salaries and health benefits. That does not p...
by Jack
Tue Apr 22, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

The main reason folks seem to be happy with the ACA is others are paying a portion of their premium. It would be interesting to know how much we taxpayers paid in Jan, Feb and March to the insurance companies for these subsidies. I believe a big mistake was made to only use income as the qualifier ...
by Jack
Tue Apr 22, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

Getting people who have their financial lives put together with Scotch Tape signed up for insurance is no panacea. They have no money for deductibles, co-pays or any additional OOP expenses. Many will realize this and question whether it makes any sense to pay monthly premiums as well. Depending on...
by Jack
Tue Apr 22, 2014 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

That's another thing that throws me for a loop. Before January 1, 2014, I could call Humana any day of the year and sign up for insurance that would start on the first of the next month. But that is no longer the case. Odd that the ACA would make changes that intentionally make health insurance les...
by Jack
Tue Apr 22, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

Believe me, we looked into Medicaid. Didn't qualify. With $21,000 income for two, you fall into the doughnut hole for those states that did not expand Medicaid. You make too much for Medicaid and too little to qualify for subsidies on the exchange. You need to move to a better state. You would then...
by Jack
Tue Apr 22, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

That is no longer the case given the inability to exclude coverage for preexisting conditions or to pre-screen employees. Employers were never allowed to screen employees for pre-existing conditions and deny them group health insurance coverage altogether based on those conditions . The only thing ...
by Jack
Mon Apr 21, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

i researched some more. the ACA pays for new medicaid enrollees 100 percent for 3 years but then 90 percent UNTIL 2022. it's the 2022 that has a lot of states worried. I thought it was 90 percent in perpetuity but it is not. Sorry, but this is incorrect. You can read the law yourself here on page 1...
by Jack
Mon Apr 21, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: If you have ACA health insurance, what is your experien

One of the two of us did see a doctor during the couple of years that we had coverage (just to make sure everything was on the up-and-up before dropping insurance)... This is precisely the reason that the insurance mandate is necessary, to prevent this type of gaming of the system. First you check ...
by Jack
Mon Apr 21, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6713

Re: Silver, Gold or Cobra

There is cost certainty for you in that your family cannot exceed 9K in the year (although I believe drugs can be separate.) Under the ACA, all in-network out-of-pocket, expenses must count to the maximum, including prescription drugs. There is a one year exemption for some employer plans if they h...
by Jack
Sun Apr 20, 2014 11:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Silver, Gold or Cobra
Replies: 4
Views: 593

Re: How to avoid ads and not get tracked

All I meant was that because of the paperwork reduction act, 1040 forms are no longer being sent out in the mail and they aren't available at public libraries anymore, so people are essentially forced to go online to download and print out their 1040 forms and instructions. Here is a web page at th...
by Jack
Sat Apr 19, 2014 3:47 am
 
Forum: Personal Consumer Issues
Topic: How to avoid ads and not get tracked
Replies: 49
Views: 2753

Re: *poor* Bogleheads

VictoriaF wrote:I can't speak for people of color.

Yet you chose to do so anyway.

Whatever.
by Jack
Fri Apr 18, 2014 3:50 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5343

Re: *poor* Bogleheads

A long time ago, I decided that I would be better off assimilating into the American social circles rather than clinging to a Russian-speaking community, and I have never regretted my choice. The rewards are far greater than the challenges. The same is hopefully true for those who are breaking the ...
by Jack
Fri Apr 18, 2014 3:38 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5343

Re: Let's compare 2013 effective tax rates

I assume the OP wants to know the % of tax we paid on our income. Perhaps that isn't the definition of effective tax rate, but it sounds like that's what the OP wants. My effective tax rate (based on this definition) was 15.48%. This is the tax I paid (both Fed & State) divided by my taxable in...
by Jack
Wed Apr 16, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: the President's savings rate

Why would he save anything at all? Probably because he truly has nothing to spend it on at the moment. Actually the President is billed monthly for personal expenses -- food, clothing, toiletries -- but not salaries for butlers, maids and chefs, which are considered White House employees. The Secre...
by Jack
Sun Apr 13, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2626

Re: the President's savings rate

You can inspect the President's tax return here: http://www.whitehouse.gov/sites/default/files/image/2013_potus_tax_returns.pdf It indicates that the $20,681 savings mentioned in the article pertains only to his SEP contribution for self-employment income from book royalties. He is contributing the ...
by Jack
Sun Apr 13, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2626

Re: Why does Vanguard use average return iso compound annual

I think if the SEC and mutual fund companies are using geometric returns they should not call them average annual returns. I guess I would say, if you think about for a moment, why would anyone assume it means arithmetic return? Arithmetic return is a pretty useless metric that tells you nothing ab...
by Jack
Sat Apr 12, 2014 5:45 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4150

Re: Why does Vanguard use average return iso compound annual

The SEC instructions are this: calculate the Fund's average annual total return by finding the average annual compounded rates of return This is mixing up two different definitions, so it's confusing. They are not different definitions, they are first the general and then the specific. They are jus...
by Jack
Sat Apr 12, 2014 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4150

Re: Why does Vanguard use average return iso compound annual

I maintain that the vast majority of people would define average as the arithmetic mean, even if they wouldn't know the term arithmetic mean. I don't know why you would think that. Have you taken a poll? To me arithmetic mean makes no sense in this context. It tells you nothing useful. The geometri...
by Jack
Sat Apr 12, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4150

Re: Do you think the biotech sector will be hurt long term?

livesoft wrote:I liked this report about a certain flu drug:

"Millions wasted …"
http://www.bbc.com/news/health-26954482

Turns out that Gilead was the developer of Tamiflu and receives royalties from Roche. The royalties for Tamiflu amounted to more than half of Gilead's revenue in some years.
by Jack
Sat Apr 12, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 54
Views: 2488

Re: Wife to work as a Contractor - Advice needed

She will not be able to deduct commuting expenses unless she has a home office. If she is not working from home, then her place of business is the place she works. You can't deduct commuting expenses to your place of work, the same as a regular employee, although she can deduct travel expenses if sh...
by Jack
Sat Apr 12, 2014 1:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 2157

Re: Why does Vanguard use average return iso compound annual

The SEC has apparently decided to do away with logic and redefine the meaning of average and investment companies apparently have caved in ... I speak up when the SEC, against all logic, redefines average to mean anything but, and I would like to see the investment industry do the same. The SEC isn...
by Jack
Sat Apr 12, 2014 1:14 am
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4150

Re: Tax deductions from charities

You are responsible for your tax return and its claimed deductions, not what some third party web site tells you. The IRS is very clear that the exemption for benefits received is limited to annual memberships of $75 or less. Perhaps some organizations are considering that to be $75 per person and i...
by Jack
Fri Apr 11, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deductions from charities
Replies: 31
Views: 1661

Re: Tax deductions from charities

I don't know. It's common practice among non profit museums for the entire basic family membership to be 100% tax deductible. Perhaps it's like synagogue or church dues? That is not the case. The IRS only allows you to deduct the portion that is not a direct benefit to the donor. For example, you c...
by Jack
Fri Apr 11, 2014 2:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax deductions from charities
Replies: 31
Views: 1661

Re: Do you think the biotech sector will be hurt long term?

I am sure there are other avenues that could be pursued. If you gave the same subsidy to a life saving drug that you give to a luxury electric sports car, that would help the price by $7500 or so... The pharmaceutical industry is already the most subsidized business in the world. Setting aside for ...
by Jack
Thu Apr 10, 2014 7:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 54
Views: 2488

Re: Expensive med. test not covered by insurance

$5 huh? The sample has to be shipped to the testing facility, handled by a technician, who is probably under management, there are secretaries, insurance costs for malpractice, reports to be generated, disposal costs of the blood/urine and container. If all of that is contained in the $5 I would ha...
by Jack
Wed Apr 09, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3887

Re: Expensive med. test not covered by insurance

As is typical in the U.S. medical system, you are being gouged. As indicated in this article, http://www.nytimes.com/2013/05/21/opinion/the-outrageous-cost-of-a-gene-test.html the true cost of genetic testing is about a nickel a gene. They could sequence all 20,000 of your genes for about $1000. But...
by Jack
Wed Apr 09, 2014 1:19 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3887

Re: Help me understand Michael Lewis' "Flash Boys"

Again, once you make a choice to have fragmented markets (which can be defended) under continuous trading (good luck outlawing it), there's no stopping the speed race. That's true, but you are assuming your conclusion, otherwise known as begging the question. Your assumption is that continuous trad...
by Jack
Tue Apr 08, 2014 5:38 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: The Unthinkable Disaster: What If Your Account Disappear

Mutual fund assets are held by a custodian, a separate firm. Vanguard uses JP Morgan Chase, which is in that business. Would that be the same JP Morgan Chase who illegally removed money from customer accounts in the MF Global case? Customers are still fighting to get their money back. They may neve...
by Jack
Mon Apr 07, 2014 2:15 am
 
Forum: Investing - Help with Personal Investments
Topic: The Unthinkable Disaster: What If Your Account Disappeared?
Replies: 43
Views: 4690

Re: Best ways to show daily news to 9 year old

Exposing your child to TV news should be considered child abuse. Don't afflict your child with your own bad habits.

Get a couple of tablets and read together with your child from more selective news sites, including local news.
by Jack
Sun Apr 06, 2014 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Best ways to show daily news to 9 year old
Replies: 28
Views: 1913

Re: Do I need an accountant? Small business with 55 k in rev

Lafder wrote:Any home office deductions will be recaptured when you sell your home. So it may or may not be worth the hassle to declare them.

The new simplified home office deduction option for 2013 allows $5 per square foot up to 300 square feet. No depreciation and no recapture involved.
by Jack
Sun Apr 06, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant? Small business with 55 k in revenue
Replies: 8
Views: 413

Re: Gordon equation-stock buybacks

The Modigliani-Milller response to that is if the shareholder sells stock in proportion to the buyback, and reinvests the money received in a diversified portfolio , that's the same as having received a dividend. That is not what M&M say. You keep misrepresenting M&M's work. In fact, approp...
by Jack
Sun Apr 06, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: Gordon equation-stock buybacks
Replies: 11
Views: 758

Re: Help me understand Michael Lewis' "Flash Boys"

Asynchronous does not mean that there is no timing involved. In an asynchronous design, the timing is quite complex and subject to design errors. That is why almost all digital circuits use synchronous logic today. Asynchronous just means that independent computational units run at independent speed...
by Jack
Sun Apr 06, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: Gordon equation-stock buybacks

You should be aware that Modigliani and Miller amongst others have pretty much answered your objections. Modigliani and Miller is a toy model with some important simplifying assumptions suitable for Econ 101. It assumes that there is only one stock in the universe, that stock buybacks occur at fair...
by Jack
Sat Apr 05, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: Gordon equation-stock buybacks
Replies: 11
Views: 758

Re: Help me understand Michael Lewis' "Flash Boys"

From NASDAQ: The NASDAQ Opening Cross process means that all investors have access to the same information and their orders get the same treatment. This brings fairness and transparency into the marketplace and that can be a highly active time of the trading day. Gee, why can't we have fairness and ...
by Jack
Sat Apr 05, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: Why is Joe Brennan defending high frequency trading?

Gus Sauter said this a couple years ago “We’ve measured our transaction costs and over the past 15 years, they’ve been cut by about 60 percent,” Sauter said. “That results in hundreds of millions of dollars a year in savings to investors in our funds.” Fifteen years ago quotes were fractional in wh...
by Jack
Sat Apr 05, 2014 1:48 am
 
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 3598

Re: Why is Joe Brennan defending high frequency trading?

Wow. Aside from the mistakes regarding Jack Brennan and Joe Brennan, this strikes me as quite political. Sorry about the name confusion. As cfs kindly pointed out above, McNabb actually replaced Brennan a while back. But aside from that, pointing out facts is now considered political? It is well do...
by Jack
Fri Apr 04, 2014 11:31 pm
 
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 3598

Re: Why is Vanguard defending high frequency trading?

manwithnoname wrote:I think its John Brennan not Joe Brennan.

Sorry about the confusion. Joe Brennan is cited from the Bloomberg article in the original post talking about HFT. He is the head of the Equity Index Group at Vanguard overseeing 80 funds. John Brennan is the CEO.
by Jack
Fri Apr 04, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 3598

Re: Why is Vanguard defending high frequency trading?

Why is Vanguard defending high frequency trading? Vanguard is not defending high frequency trading. Joe Brennan, CEO of Vanguard, is defending high frequency trading (albeit with some reservations). Joe Brennan also defends enormous compensation packages for CEOs (he just happens to be one). He als...
by Jack
Fri Apr 04, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 3598

Re: Help me understand Michael Lewis' "Flash Boys"

Another tactic co-located high frequency traders use is quote stuffing. To do this, they flood the exchange with phony orders that they will later withdraw, maybe milliseconds later. The idea is that lots of orders at the same price make the price "sticky", giving them a few more milliseco...
by Jack
Fri Apr 04, 2014 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: Help me understand Michael Lewis' "Flash Boys"

Here is one way it works. Let's say the guy across the street from your house is selling his car. He has a sign on it that says "First one to show up with cash in hand gets it." You decide to take up that offer and head for his door, but your next door neighbor, a high frequency car trader...
by Jack
Fri Apr 04, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8804

Re: Separate Health Insurance For 19 Year Old

It's perhaps worth mentioning that insurance brokers don't get commissions on student health plans.
by Jack
Sun Mar 09, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Separate Health Insurance For 19 Year Old
Replies: 41
Views: 1601

Re: Separate Health Insurance For 19 Year Old

http://www.uhs.wisc.edu/ship/faqs.shtml#1 How is SHIP affected by the Affordable Care Act (ACA)? SHIP coverage already equals or exceeds the level of coverage for student health plans under the ACA and satisfies the individual mandate. Don't know how it can satisfy the mandate when it has a pre-ex ...
by Jack
Sun Mar 09, 2014 2:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Separate Health Insurance For 19 Year Old
Replies: 41
Views: 1601

Re: second part of the series on preference for cash dividen

Keep in mind that the interests of taxable and non-taxable investors may differ on this issue. About 70% of shares are held in tax-deferred acccounts but a vocal taxable minority strongly prefer corporate dividend policies that are favorable to themselves. Some insist that there is zero, zip, nada, ...
by Jack
Sat Mar 08, 2014 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: second part of the series on preference for cash dividends
Replies: 13
Views: 1093

Re: OMG, There Goes Coinstar?

If I were really cranky I'd save all my post-1982 pennies ('cause they're mostly zinc) for years and years hoping someday I'd have to pay some unjust charge, solely so I could pile all those worthless little metal disks on the hapless county clerk's, who personally would have had nothing to do with...
by Jack
Sat Mar 08, 2014 7:18 pm
 
Forum: Personal Consumer Issues
Topic: OMG, There Goes Coinstar?
Replies: 38
Views: 3837

Re: OMG, There Goes Coinstar?

If I were really cranky I'd save all my post-1982 pennies ('cause they're mostly zinc) for years and years hoping someday I'd have to pay some unjust charge, solely so I could pile all those worthless little metal disks on the hapless county clerk's, who personally would have had nothing to do with...
by Jack
Sat Mar 08, 2014 7:08 pm
 
Forum: Personal Consumer Issues
Topic: OMG, There Goes Coinstar?
Replies: 38
Views: 3837

Re: OMG, There Goes Coinstar?

I can't fathom that anyone would pay nearly 10% for this service - but then I'm a Frugal Investor. :wink: If you exchange your coins for gift cards, there is no fee. For example Home Depot, Staples, Sears, JCPenny, Amazon, iTunes, etc. May be handier than finding a bank that will take your coins.
by Jack
Sat Mar 08, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: OMG, There Goes Coinstar?
Replies: 38
Views: 3837
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