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Re: What makes you happy in life?

Knowing that whatever bad things happen, there will be some version of me in one of the future universes where things went better. Which of course means I am likely better off than some past or future versions of me where things went wrong. This requires a belief in infinity which makes everything p...
by Jfet
Sun Dec 21, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: What makes you happy in life?
Replies: 29
Views: 1766

Re: Relocating to Florida - Need some advice

Not relocating but we do plan on spending about 3 months in the Keys.

I would ignore livesoft. There is a reason all the retired folks go to Florida.
by Jfet
Thu Dec 18, 2014 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Relocating to Florida - Need some advice
Replies: 36
Views: 2615

Re: "Gold to tank in 2014: Goldman Sachs"

raven15 wrote:Really. That is not at all like making diamonds, but still news to me.


Yes, but of course it is not cheap or cost effective.

I looked it up just now and see also that you can make gold in a particle accelerator.

I bet that isn't cheap either.
by Jfet
Wed Dec 17, 2014 11:01 am
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 109
Views: 9836

Re: "Gold to tank in 2014: Goldman Sachs"

As in how diamonds can be manufactured, so also it is possible (but costly) to manufacture gold - which potentially puts a upper limit on the commodity value. As might a large gold ore find (similar to how fracking gas has impacted gas prices). As it happens, the premier manufacturer of gold in the...
by Jfet
Tue Dec 16, 2014 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 109
Views: 9836

Re: "Gold to tank in 2014: Goldman Sachs"

Just a few more days left for Goldman Sachs call of $1050 gold. What do you think? Maybe?
by Jfet
Tue Dec 16, 2014 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 109
Views: 9836

Re: WHY is retirement enjoyable / something to look forward

Ok, there is one job I could see someone not looking forward to retiring from.

Astronaut.

Not to say it isn't stressful, dangerous, or demanding, but it is the ultimate bucket list item.
by Jfet
Tue Dec 16, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 145
Views: 8783

Re: U.S. stocks in freefall

cfs wrote:Maybe the Santa Claus rally isn't real. Maybe it's just something our parents made up to make us want to hold stocks in December. :shock:



I have milk and HFT pennies out on the table just in case...
by Jfet
Tue Dec 16, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 189302

Re: WHY is retirement enjoyable / something to look forward

Alternatively, you can acquire substantial funds by realizing that you aren't going to be happy in any job, choosing something that pays well, and living cheaply. I can be miserable 10 hours a day for 25 years, or for the rest of my life. I'd pick 10 years if it was an option, but this is the best ...
by Jfet
Tue Dec 16, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 145
Views: 8783

Re: WHY is retirement enjoyable / something to look forward

Some people have long commutes, maybe 2 hours total per day in traffic. Perhaps they want to spend that 2 hours doing something else in retirement. I would say being financially independent is enjoyable, not retirement itself. Being able to choose when you want to drive or if you want to drive at al...
by Jfet
Tue Dec 16, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 145
Views: 8783

Re: U.S. stocks in freefall

What do all these people buy with ?! I have no liquid money to buy while supporting my family with my income. My investments are separate. Do they mean they are re-balancing and buying all these stocks with the Oil & Stock current crash or is it a downturn?? I keep a portion of my investments i...
by Jfet
Tue Dec 16, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 189302

Re: Stronger protection against personal lawsuits

If you keep your money in 401(k) accounts, can you still do the Roth conversion, i.e., convert your money from 401(k) accounts to Roth accounts? Some 401(k) plans now offer in-service conversion from traditional 401(k) to Roth 401(k). IRS permits it but plans don't have to offer the option. To the ...
by Jfet
Tue Dec 16, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Stronger protection against personal lawsuits
Replies: 12
Views: 1801

Re: Odds of portfolio survival = 90%; odds of my survival =

I agree with the OP. Live now, especially if you are hitting 90% success rates in simulations for a 30+ year retirement. You might run a 100 yard dash in under 20 seconds at 104, but the odds are far greater you will be limited to sedentary activities like posting on here asking if you can retire on...
by Jfet
Mon Dec 15, 2014 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 167
Views: 9690

Re: VWO seems cheap right now

Oh this thread is still around. I looked at VWO today and see it is $38. Full circle.

It faired better than oil stocks I guess....at least better than oil service industry stocks. Have you seen HAL lately?
by Jfet
Mon Dec 15, 2014 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 143
Views: 18395

Re: Been out of market since 2008 and can't get back in

Self Employed. Low 7 figure salary. So you have a million in cash and make more than a million a year (probably 600k after taxes) You should put the million in the market right now and pray it drops, then up your saving rate to $250k a year or so. Retire in 10 years and hitch a ride to the ISS or s...
by Jfet
Tue Nov 25, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 52
Views: 5284

Re: "Gold to tank in 2014: Goldman Sachs"

Bump Up, its almost end of the year. So how are the predictions holding up on the Gold Price? My prediction is that stocks will probably do better in the long run... http://i113.photobucket.com/albums/n216/lolddawg/StocksBondsBillsGoldCash-1.png Ack! Based on that chart we should stay as far away f...
by Jfet
Sun Nov 23, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 109
Views: 9836

Re: ACA exchange or Cobra?

As you've outlined it then (assuming 9 months of coverage starting in the Spring): With the ACA Bronz plan you would pay no premium, due to the subsidy, and a $12,600 deductible before coverage kicks in. Retaining your employer's HDHP under Cobra you would pay 9 x $950 = $8550 plus $5000 deductible...
by Jfet
Sun Nov 23, 2014 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA exchange or Cobra?
Replies: 7
Views: 736

ACA exchange or Cobra?

We will be taking an extended/permanent leave of work in spring of 2015 in our mid 40s. (We may do some odd jobs here and there over the years for earned income). I estimate our W2 income in 2015 will be about $70,000 from various sources/unpaid vacation. After deducting $18,000 for 401K, $11,000 fo...
by Jfet
Sun Nov 23, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA exchange or Cobra?
Replies: 7
Views: 736

Re: Why I sold my gold, and would sell commodities too

To me gold is good for a localized currency crisis. If something happens and your local currency declines by double digit % compared to a basket of world currency it might be nice to hold a bit of gold. The question becomes will your government allow you to redeem it and will they tax you to hell an...
by Jfet
Fri Sep 26, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: Why I sold my gold, and would sell commodities too
Replies: 71
Views: 6249

Re: Maximum deferrals for working 3 months?

Yes, we can contribute I think up to 100% of our income to 401K (will double check that, but I know it is at least 90%). Income is enough that a couple of months W2 wages would exceed all the deferrals combined. Good point about the HSA. We are allowed to lump it in, as that is what we did for 2013,...
by Jfet
Tue Sep 02, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maximum deferrals for working 3 months?
Replies: 4
Views: 248

Maximum deferrals for working 3 months?

If a married couple both under age 50 with single earner who decided to quit/retire a few months into a new year, what is the maximum tax deferral they could get? I come up with $17,500 for 401K, $11,000 for tIRA, and $6650 for HSA (the new limit for 2015). So $35,150? Thus they could earn $66,000 i...
by Jfet
Tue Sep 02, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maximum deferrals for working 3 months?
Replies: 4
Views: 248

Re: Who is doing In Plan Roth conversions?

It is not clear from your recent posts whether this rollover will be going into your Roth 401k OR your Roth IRA. Which is it? Tax free either way. Sorry Roth IRA. They had me create a Roth IRA in my account suite at Fidelity. Fidelity will take the money as an in service withdrawal from the after t...
by Jfet
Wed Aug 06, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3064

Re: Who is doing In Plan Roth conversions?

Thanks Alan. I did just confirm in the tax documents Fidelity has too: "If your Plan allows in-plan Roth conversions, and you roll over the payments to a designated Roth account in the plan, the amount of the payment rolled over ( reduced by any after-tax amounts directly rolled over ) will be ...
by Jfet
Wed Aug 06, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3064

Re: Who is doing In Plan Roth conversions?

Sorry for bringing this thread back to life but I just did my first in plan conversion today and want to confirm they did it the correct way. Had $600,000 in the 401K consisting of $586,200 of pre tax contributions and employer match plus $13,800 of after tax contributions from this year. The $13,80...
by Jfet
Wed Aug 06, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3064

Re: Washington state retirees?

Check out Arlington. It is an hour or less from Seattle (to the North) and on the Centennial trail. +1 We bike the Centennial trail from the city of Snohomish all the way up to Arlington. A very awesome trail. Snohomish itself is not too terribly expensive for a house ($350 should get you something...
by Jfet
Mon Jun 30, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 1922

Re: How much to retire

$5.0m is the target. That will be sufficient for a good living and still have some leftovers for my heirs. 5.0m is too much for someone living in south Georgia in a 1bd rental. 5.0m is not enough for someone spending 2 months a year renting Branson's island. I guess it is a good reason that the que...
by Jfet
Sun Jun 29, 2014 8:44 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 3004

Re: How much to retire

You want to save about 25 to 33 times your expected living expenses, not your income. If you make $5,000,000 a year but only need $50,000 for living expenses, you don't need to save $125,000,000 or even 50% of that. If you need $50,000 for living expenses, a safe retirement nest egg would be around ...
by Jfet
Sat Jun 28, 2014 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 3004

Re: I want to buy a stock.

I wouldn't discount the $1000 as insignificant though. My 401k rollover IRA started with not quite double that and has grown to $79,500 in the past 13 years with no additional contributions. A small amount of money can do a lot if you nurse it and have a bit (ok, a lot) of luck.
by Jfet
Sat Jun 14, 2014 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I want to buy a stock.
Replies: 43
Views: 2777

Re: I want to buy a stock.

I would pick something a little less hyped up than Tesla (of course I looked at Tesla at $90 and thought the same thing).

I will be buying some SpaceX when they IPO...probably 25% at IPO and 75% when/if it drops to half IPO in the first year.
by Jfet
Sat Jun 14, 2014 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: I want to buy a stock.
Replies: 43
Views: 2777

Re: Who is doing In Plan Roth conversions?

It still seems like a pretty good deal even with the differences between the Roth 401K and a Roth IRA.

$20K a year sheltered from future taxes and with minimal conversion costs (if converted relatively quickly in a flat market).
by Jfet
Mon May 26, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3064

Re: Who is doing In Plan Roth conversions?

I have started doing it recently and just do it for after tax contributions. I contribute after tax money for each pay check and then immediately do the in plan conversion only on the after tax contributions and essentially don't pay any tax. So you are doing 12, 24,or 26 (how ever many pay periods...
by Jfet
Sat May 24, 2014 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3064

Re: $22 million reason for umbrella?

This is a good reason to have a lot of your money in a 401k/IRA which is protected from settlements in many states. Well, not all is protected in IRA but I think every bit of a 401K is protected from both creditors in bankruptcy and also from legal settlements. IRA is only protected to around 1.1 mi...
by Jfet
Thu May 01, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: $22 million reason for umbrella?
Replies: 42
Views: 3959

Re: Sell in May and Go Away: Fact or Fiction?

Well, it is that time of year again. Did it actually work in 2013 or was it sell in may, buy back in late may and ride the bull the rest of the year 2013?

I am up 25% YTD so I can handle a little fall...stay the course.
by Jfet
Wed Apr 30, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Sell in May and Go Away: Fact or Fiction?
Replies: 27
Views: 3971

Re: Does it make any sense to hold "cash" as an asset?

In the situation like earlier this year when 5 year CDs were paying 3%, does it make any sense to hold "bonds" over cash?
by Jfet
Thu Apr 24, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: Does it make any sense to hold "cash" as an asset?
Replies: 39
Views: 9400

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

There are ways to finance drug development other than the current patent system. Somehow I don't think you are going to raise 4B to 6B on kickstarter to fund your own cure for Hep C. And what would you offer contributors? A T-shirt? Government funding is likely to work better than kickstarter, espe...
by Jfet
Wed Apr 23, 2014 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3613

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

richard wrote:
Valuethinker wrote:
There are ways to finance drug development other than the current patent system.


Somehow I don't think you are going to raise 4B to 6B on kickstarter to fund your own cure for Hep C. And what would you offer contributors? A T-shirt?
by Jfet
Wed Apr 23, 2014 8:19 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3613

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

So yeah, Gilead just blew the lid off of earnings...I think the high estimate was $1 a share and they earned $1.48 and they almost doubled revenues YoY.

Probably will be ok.
by Jfet
Tue Apr 22, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3613

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

Does anyone have the Blue Cross/Blue Options PPO plan in Florida? We will have to choose a home state for taxes and ACA while traveling around the USA and I was considering Florida and this ACA plan because of the nationwide network.
by Jfet
Mon Apr 21, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 222
Views: 16940

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 8:14 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5304

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 7:15 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 5304

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 5:23 pm
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 49
Views: 14874

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 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 3401

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 10:33 am
 
Forum: Personal Consumer Issues
Topic: Costa Rica?
Replies: 14
Views: 1546

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 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2849

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 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: If Social Security wasn't mandatory, would you contribute?
Replies: 9
Views: 837

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 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA cost benefit analysis
Replies: 23
Views: 2367

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 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 2020

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 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 2020

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 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 189302

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 11:28 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1064
Views: 189302
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