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Re: Expensive med. test not covered by insurance

Hmmm, not sure here. When I go get my auto fixed, they usually provide me with a ballpark estimate of what the repairs will cost. It might not be too much to ask to have a little printout you sign before a battery of tests is sent off that gives a ballpark of what these tests cost. If the facility/...
by Jfet
Wed Apr 16, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3582

Re: Expensive med. test not covered by insurance

Hmmm, not sure here. When I go get my auto fixed, they usually provide me with a ballpark estimate of what the repairs will cost. It might not be too much to ask to have a little printout you sign before a battery of tests is sent off that gives a ballpark of what these tests cost. If the facility/i...
by Jfet
Wed Apr 16, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3582

Re: First Trip to India

halfnine wrote:One other thing I forgot...practice your squatting


I was watching "An Idiot Abroad" on Netflix and was a bit shocked at the toilet situation. I guess putting the lid down is a first world problem.
by Jfet
Mon Apr 14, 2014 6:23 pm
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 47
Views: 3427

Re: gold , silver, copper and uranium only

Osmium is where the real money is. Well, when they find some more uses for it. One of the rarest metals and the most dense of naturally occurring elements. I am stockpiling fountain pen tips just in case fusion or the space elevator depends on heavy use of Osmium. You never know. I will always have ...
by Jfet
Mon Apr 14, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 2232

Re: Costa Rica?

Last time we went was in 2008 I think. Have they fixed the bridge to Manuel Antonio? It was constructed of duct tape and loose iron pipe and not nearly enough duct tape IMO. The drop was only 40 feet or so into the river below. We followed a concrete mixer truck but stayed a bit back from him. Mount...
by Jfet
Sun Apr 13, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Costa Rica?
Replies: 14
Views: 1380

Re: How much is rich?

When you can afford to pay someone to research and answer questions like this one, then you are rich.
by Jfet
Sun Apr 13, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2419

Re: If Social Security wasn't mandatory, would you contribut

If I could keep the 6.2% my employer was contributing or if I was self-employed it would be a "no brainer" and I would manage the contributions. But...if I only get to keep my contribution (6.2%), I think I would take the guarantee. This is what most people don't realize, you are actually...
by Jfet
Sun Apr 13, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: If Social Security wasn't mandatory, would you contribute?
Replies: 9
Views: 751

Re: HSA cost benefit analysis

. Also, once you reach 65, you can withdraw funds tax free for non medical purposes. . Not really.........non-medical reimbursements are taxed but not penalized (additional tax). From Pub 969: Distributions From an HSA ......................................................................... You ca...
by Jfet
Sun Apr 13, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA cost benefit analysis
Replies: 23
Views: 1644

Re: Should I take SS at 62 or increase my burn rate ?

If you can find another investment at age 62 that gives you a guaranteed government backed real return of 7% or so, then I would put my money in that and take SS early. It may be hard to get a guaranteed real return of 7% though. There is no real return of 7%. Your benefit increases by 7% (8% the f...
by Jfet
Fri Apr 11, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 1565

Re: Should I take SS at 62 or increase my burn rate ?

If you can find another investment at age 62 that gives you a guaranteed government backed real return of 7% or so, then I would put my money in that and take SS early.

It may be hard to get a guaranteed real return of 7% though.
by Jfet
Fri Apr 11, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 1565

Re: U.S. stocks in freefall

MichDad wrote:I'll start to worry when the US and international stock markets, REITs, and commodities funds all decline by 90 percent. Until then, this is all noise.

MichDad


That would not cause me to worry because I would be dead from the riots.
by Jfet
Fri Apr 11, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122171

Re: U.S. stocks in freefall

One of the few individual stocks I own was up 7% today (a small mining stock that just produced it's first batch of 40,000 ounces gold 14 million pounds copper) Was nice to have that green amid the sea of red. Now it is up 20% more today. A big thanks to Goldman Sachs and their $1050 gold predictio...
by Jfet
Fri Apr 11, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122171

Re: Tax audit poll

I sent in a 90 page return (physically, not electronic) and my itemized deductions were $50 above the standard deduction. If they want to waste time auditing me, so be it. (yes I know they could go back to other years but we have a pretty standard return).
by Jfet
Fri Apr 11, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax audit poll
Replies: 19
Views: 979

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

And today everyone runs to the other side of the boat (GILD up 5%, sector up 1%) Starting to get seasick. Those dang efficient market people must really process news a lot faster than I can read, because I haven't read anything today that seems a lot different than what I read yesterday or the day b...
by Jfet
Fri Apr 11, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: U.S. stocks in freefall

One of the few individual stocks I own was up 7% today (a small mining stock that just produced it's first batch of 40,000 ounces gold 14 million pounds copper)

Was nice to have that green amid the sea of red.
by Jfet
Thu Apr 10, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122171

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

If this is all true then we are incredibly foolish for not specifically investing in the biotech sector, or overweighting it in our portfolio. With trillions in monopolies and subsidies it should be a cash cow that almost guarantees good returns. You forget how the Efficient Market works. These fac...
by Jfet
Thu Apr 10, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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 Jfet
Thu Apr 10, 2014 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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

I agree. A 6% drop in share price will undoubtedly discourage companies and investors from developing new drugs. That's also why nobody invests in tech companies anymore after the 2000-02 crash. After all, any fool can see there's no way for tech companies to make money considering market structure...
by Jfet
Thu Apr 10, 2014 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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

I agree. A 6% drop in share price will undoubtedly discourage companies and investors from developing new drugs. That's also why nobody invests in tech companies anymore after the 2000-02 crash. After all, any fool can see there's no way for tech companies to make money considering market structure...
by Jfet
Thu Apr 10, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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


I read that report and didn't understand the conclusion or if one side or the other was lying.
by Jfet
Thu Apr 10, 2014 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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

As a shareholder one should hope they charge the mostest that people will pay. As a human, one should hope they try to maximize the number of people who are helped while still charging enough so as not to discourage further investment in future drugs. But maybe that's just me. SAM Well dropping 6% ...
by Jfet
Thu Apr 10, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

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

Perhaps the answer to my question was yes for short term at least. Biotech down near 6% today. That has to be a RBD!
by Jfet
Thu Apr 10, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: heartbleed - widespread internet security problem

Something similar to this heartbleed is probably going to be the next black swan event that causes a 50% drop in the market. Imagine if Vanguard, Fidelity, Etrade, etc. were hacked and thousands of users had malicious trades executed. Total chaos and immediate distrust of the internet. It would be b...
by Jfet
Wed Apr 09, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 15995

Re: Retirement Saving - My Options

Are you self employed? You can create your own type of 401K and roll the tIRA money into it to hide it from conversion taxes. There are a few posts on here about how to do it, maybe someone has the links?
by Jfet
Wed Apr 09, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Saving - My Options
Replies: 4
Views: 407

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

In the case of Hep C, it does sound like a large market, but if the drug cost many billions to develop I can't see the company investors being very happy with selling it for $100. It sounds like they are adjust the price somewhat to markets ($900 in Egypt for example). Purely from an investing stand...
by Jfet
Wed Apr 09, 2014 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: Expensive med. test not covered by insurance

If the actual sequencing costs just a few dollars but the overhead is $4000, that is one horribly messed up medical system. The technology improvement of DNA sequencers is much like the improvements in silicon chip design -- the cost has been cut in half every two years for the last couple of decad...
by Jfet
Wed Apr 09, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3582

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. Bu...
by Jfet
Wed Apr 09, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3582

Re: First Trip to India

Why not pack a couple of those reverse osmosis camping straws? $22 and then if you are in a situation where you are unsure of the water, just use the straw. http://www.amazon.com/Travelers-Missionaries-Fisherman-Enthusiasts-Emergency/dp/B00HYI4G74/ref=sr_1_5?ie=UTF8&qid=1397053862&sr=8-5&...
by Jfet
Wed Apr 09, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 47
Views: 3427

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

I am not sure this is an acceptable topic so forgive me if it is against the rules. It *seems* ok if it does not stray political or personal. I do think there are so many doctors on here that one could gain a lot of insight by listening to them. Recently Gilead (GILD) has come under fire for pricing...
by Jfet
Wed Apr 09, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: How much to build a small house from scratch?

If I were going to DIY on a small house, what I would actually do is buy a rather large unheated workshop garage (maybe a 30x40 steel building) and then construct a small living space in part of it. I think you could have a foundation poured and the steel building installed for under $50K, then spen...
by Jfet
Mon Mar 31, 2014 11:58 am
 
Forum: Personal Consumer Issues
Topic: How much to build a small house from scratch?
Replies: 28
Views: 1582

Re: retired at 37?

I don't like the odds on 4% withdrawals starting at 37. That's a 50-60 year planning horizon. :shock: Firecalc gives you a 84% chance with a 4% withdrawal on a 50 year horizon but I think it is starting to break down because there are not enough 50 year periods for a good sample set. 84% chance is ...
by Jfet
Sun Mar 30, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4918

Re: retired at 37?

If he invested heavy in either Apple or Tesla, he could easily have enough money to retire with just a few hundred thousand initially. Other than an inheritance this would be my guess. Or he did some crazy plays in biotech. It isn't hard to get a 5 or 10 bagger there if you are lucky. We don't hear ...
by Jfet
Sun Mar 30, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 4918

Re: VWO seems cheap right now

VWO at $40.50 and IEMG at $49. 10% moves off of Feb lows. Livesoft must be happy. Am I just bad at math or are you rounding up a bit? I see 2/3/14 thru 3/27/14 a gain of 7.1% for VWO Just rounding a bit. I knew VWO had dipped below $37 in Feb and thus a 10% move would be $3.70, putting it at $40.70.
by Jfet
Fri Mar 28, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 125
Views: 13159

Re: VWO seems cheap right now

VWO at $40.50 and IEMG at $49. 10% moves off of Feb lows. Livesoft must be happy.
by Jfet
Fri Mar 28, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 125
Views: 13159

Re: Aargh, investing!!

Stay far away from municipal bonds. The rate is not equal to the risk, both interest rate risk and default risk. Yeah, I have no intention of purchasing municipal bonds. The risk, given the bankruptcies and fiscal insolvencies and the odds of them "solving" the problem by just defaulting ...
by Jfet
Fri Mar 28, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6142

Re: Aargh, investing!!

Stay far away from municipal bonds. The rate is not equal to the risk, both interest rate risk and default risk.
by Jfet
Thu Mar 27, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6142

Re: Will backdoor IRA be allowed in this situation?

The one time where what you do in your IRA or you wife does in hers might affect the other is some rather obscure wash sale rules. If you had a taxable account and sold 100 shares of XYZ corp for a loss and your wife buys 100 shares of XYZ corp in her IRA within 30 days of your sale, then her action...
by Jfet
Thu Mar 27, 2014 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Will backdoor IRA be allowed in this situation?
Replies: 4
Views: 467

Re: early retirement..... any program to roth conversion??

I sort of misread the OP goal as I assumed he would have a larger amount of time between retirement and ability to tap 401k/IRA funds without 72t. If you retired at a earlier age, like 45, and were facing almost 15 years until regular withdrawals you might consider living off of taxable if you have ...
by Jfet
Thu Mar 27, 2014 9:09 am
 
Forum: Investing - Theory, News & General
Topic: early retirement..... any program to roth conversion??
Replies: 20
Views: 1232

Re: early retirement..... any program to roth conversion??

Jfet wrote: So you just need to ladder the conversions and have 5 years of other money available? IE, convert $40,000 from rollover 401K to Roth in 2014, live on taxable until 2019 and withdraw the $40,000 penalty free in 2020? As I suggested earlier, why would one do this? Converting TIRA to Roth ...
by Jfet
Wed Mar 26, 2014 9:31 pm
 
Forum: Investing - Theory, News & General
Topic: early retirement..... any program to roth conversion??
Replies: 20
Views: 1232

Re: early retirement..... any program to roth conversion??

So you just need to ladder the conversions and have 5 years of other money available?

IE, convert $40,000 from rollover 401K to Roth in 2014, live on taxable until 2019 and withdraw the $40,000 penalty free in 2020?
by Jfet
Wed Mar 26, 2014 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: early retirement..... any program to roth conversion??
Replies: 20
Views: 1232

Re: Project Euler (math related)

Like proving that that no three positive integers a, b, and c can satisfy the equation a^n + b^n = c^n for any integer value of n greater than two? Or hard stuff?
by Jfet
Wed Mar 26, 2014 6:01 pm
 
Forum: Personal Consumer Issues
Topic: Project Euler (math related)
Replies: 16
Views: 1096

Re: Play money account end result

I tried to control greed in the account which may have been a factor in the survivability. I definitely missed out on some really big gains when I closed some positions early. Even as recently as this year I had 2000 shares of SSRI I purchased at $6 and change, selling it at $6.50 and seeing it tra...
by Jfet
Wed Mar 26, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Play money account end result
Replies: 5
Views: 769

Re: Is there ever a reason to prefer taxable over tax advant

I hear that their methods are "easier" and allow them to invest in more funds/stocks, jump in and out on mid day dips, and have ready access to funds when they need it. They might be using margin, which isn't allowed in an IRA. Consequently, you have to avoid free riding. You also can't o...
by Jfet
Wed Mar 26, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Is there ever a reason to prefer taxable over tax advantaged
Replies: 48
Views: 4531

Re: Play money account end result

I tried to control greed in the account which may have been a factor in the survivability. I definitely missed out on some really big gains when I closed some positions early. Even as recently as this year I had 2000 shares of SSRI I purchased at $6 and change, selling it at $6.50 and seeing it trad...
by Jfet
Wed Mar 26, 2014 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Play money account end result
Replies: 5
Views: 769

Play money account end result

Today I closed out the last position in my play money account I have kept running for about 13 years at Etrade. I had a large position called away and the account was mostly in cash so I closed the last option spread and now it is all cash. I started the account with $1700 rollover IRA and today the...
by Jfet
Wed Mar 26, 2014 11:05 am
 
Forum: Investing - Theory, News & General
Topic: Play money account end result
Replies: 5
Views: 769

Re: Attempt at explaining the backdoor Roth to my new accoun

Bank door roths are an arcane area of tax planning which most accountants ignore because it doesn't affect the amount of deductions or taxes due of most taxapyers. My accountant does many business returns, and usually personal returns only for the principals of those businesses. He didn't have a pr...
by Jfet
Mon Mar 24, 2014 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attempt at explaining the backdoor Roth to my new accountant
Replies: 26
Views: 2268

Re: Should we take advantage of after tax 401k?

Ok, that was super easy. Fidelity will just let you change the after tax contribution amount % (I had it at zero because I didn't know about this stuff). They keep track of the after tax contributions and earnings and allow you to do up to four in plan conversions to a Roth 401K per year. They confi...
by Jfet
Mon Mar 24, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should we take advantage of after tax 401k?
Replies: 11
Views: 902

Re: Should we take advantage of after tax 401k?

Thanks, I will look into it closer. I just didn't want the situation where the money gets taxed twice (going in and coming out). We do have the cashflow to make the extra contribution but I am a little bit concerned with having too much in tax deferred and not enough in taxable (yes I know about 72T...
by Jfet
Sat Mar 22, 2014 8:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Should we take advantage of after tax 401k?
Replies: 11
Views: 902

Should we take advantage of after tax 401k?

We have a goal of retiring in the near future but I recently found out about after tax 401k contributions. The plan actually says: "The after-tax (non-Roth) annual deferral limit has been increased to $20,000 (previously it was capped at 7%). This limit is above and beyond the pre-tax/Roth limi...
by Jfet
Fri Mar 21, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should we take advantage of after tax 401k?
Replies: 11
Views: 902

Re: A "huge" loss ?

Taylor Larimore wrote:
jw11 wrote:
So why did the bonds take a huge loss ???

jwll:

Vanguard's Total Bond Market Index Fund declined less than one-half of one percent yesterday.

Best wishes.
Taylor


Which is like 25% of it's annual yield?
by Jfet
Thu Mar 20, 2014 9:17 am
 
Forum: Investing - Theory, News & General
Topic: Why did Bond Funds take a beating...
Replies: 39
Views: 3571
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