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Re: Rich Spouse, Poor Spouse [Tax filing apportionment]

You get what you pay for. Clearly the higher income spouse was an "undesirable" marriage partner or they would have netted a higher income spouse. That is what trophy spouses are all about. :oops: My wife had more assets but I had more income. I am still trying to figure out who was the t...
by Professor Emeritus
Fri Jul 25, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 4455

Re: Rich Spouse, Poor Spouse [Tax filing apportionment]

[method using marginal increase in tax] Easy but clearly unfair to the lower income spouse . But the lower income spouse is living a lifestyle 10 times what would be affordable on one low income. The lower income spouse struck it rich! That should come at a price. So what is unfair to whom? You get...
by Professor Emeritus
Fri Jul 25, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 4455

Re: Rich Spouse, Poor Spouse [Tax filing apportionment]

Do full tax return w/ both incomes. $A tax. Delete income for spouse 1: $B tax Add back income for spouse 1, delete income for spouse 2: $C tax Say this produces the following example numbers: * both = $100K * spouse 1 = $15K * spouse 2 = $95K Probably the easiest calculation would then be: * spous...
by Professor Emeritus
Fri Jul 25, 2014 2:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 4455

Re: 500K Sitting in a Bank Account

Handled exactly this problem with a series of laddered CDs
by Professor Emeritus
Thu Jul 24, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 500K Sitting in a Bank Account
Replies: 17
Views: 1531

Re: Rich Spouse, Poor Spouse

DW has always had separate assets. We both had earned income. We filed jointly and she paid the full marginal excess tax due to her asset based income.
by Professor Emeritus
Thu Jul 24, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 4455

Re: Vanguard Account Owners - has this happened to you?

sscritic wrote:The only strange things that have happened to me were the result of pilot error. The controls were just too complicated for this old brain.


Actually "over complicated" controls are design error, not user error. Its a big area in medical negligence/malpractice on computerized equipment
by Professor Emeritus
Thu Jul 24, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Account Owners - has this happened to you?
Replies: 17
Views: 2598

Re: Anyone attend Worcester Polytechnic Institute

I agree, but how do you know which questions to ask if you've never done the job? . Ah, this is the $64,000,000 question . How do you develop qualified experts who are actually self critical of their own field? I've tackled this problem in Engineering design, Medical systems and higher education it...
by Professor Emeritus
Thu Jul 24, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2262

Re: Gold, Silver, Copper

"However USD can also be greatly reduced in value by government policies or truly overwhelming external events over which one has even less control than how they secure their gold (including making themselves the armed guards who can't be bribed). And the common hand wave of 'you'd have bigger...
by Professor Emeritus
Wed Jul 23, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 4909

Re: Gold, Silver, Copper

"However USD can also be greatly reduced in value by government policies or truly overwhelming external events over which one has even less control than how they secure their gold (including making themselves the armed guards who can't be bribed). And the common hand wave of 'you'd have bigger ...
by Professor Emeritus
Wed Jul 23, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 4909

Re: Gold, Silver, Copper

I am normally a big sceptic on gold BUT recent actions by the US to freeze bank accounts (eg connected to Iran) have meant more countries are using gold as a means of settlement (you can't freeze gold). That means there is a demand shift in favour of gold. I just don't know how big this could get, ...
by Professor Emeritus
Wed Jul 23, 2014 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 4909

Re: Gold, Silver, Copper

Renewable energy means big demands for grid infrastructure. Wind farms and solar farms tend to be in remote areas and they have to be hooked up to the grid, a major constraint. In the UK you add offshore wind. The future of power transmission is in long distance and international High Voltage DC li...
by Professor Emeritus
Wed Jul 23, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 4909

Re: Gold, Silver, Copper

I am normally a big sceptic on gold BUT recent actions by the US to freeze bank accounts (eg connected to Iran) have meant more countries are using gold as a means of settlement (you can't freeze gold). That means there is a demand shift in favour of gold. I just don't know how big this could get, ...
by Professor Emeritus
Wed Jul 23, 2014 9:47 am
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 4909

Re: A question for the Bogleladies or those who can consult

I do very well with earrings, but you can only own and wear so many. I have been told by a number of women, including my wife, that one can never have too many earrings! That said, any and all attempts I've ever made at buying my wife clothing of any type--with or without professional help--has met...
by Professor Emeritus
Wed Jul 23, 2014 9:41 am
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5444

Re: Hw many credit cards to own?

1) Costco amex (used at costco and for electronics and other warranty type 2) my chase card 3)dw chase card (need both cards to maintain travel status) 95 % of all charges go on these cards 4) Capital one for foreign currency transactions plus Bank of Scotland debit card with chip and pin BOA debit ...
by Professor Emeritus
Tue Jul 22, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 68
Views: 3789

Re: What to do in a market correction

CORRECTION: A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index [i] to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or ...
by Professor Emeritus
Tue Jul 22, 2014 4:39 am
 
Forum: Investing - Theory, News & General
Topic: What to do in a market correction
Replies: 32
Views: 3046

Re: Insurance policies questions

He didn't say these were life insurance policies. Suppose one of them is a variable annuity with a mortality expenses or whatever they are called held in an IRA? There are lots of possibilities. hm.. I assumed the 2nd policy was also a life insurance policy. but I have no idea. the lady on the phon...
by Professor Emeritus
Mon Jul 21, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance policies questions
Replies: 7
Views: 583

Re: Anyone attend Worcester Polytechnic Institute

I know I wouldn't hire a fresh grad whose major was Engineering Management. What is she going to manage? I'd rather hire a mechanical engineer and send him/her to get their masters in engineering management once they prove their worth. FWIW IMHO that is the approach that GM used that led to the ign...
by Professor Emeritus
Mon Jul 21, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2262

Re: What to do in a market correction

What, exactly, is a market correction? The traditional definition is a drop > 10% but <20% (which would be a "bear market"). The drop in 2011 was interesting because it was a "bear market" if you look at intraday prices but only a "correction" if you went by close pric...
by Professor Emeritus
Mon Jul 21, 2014 1:38 am
 
Forum: Investing - Theory, News & General
Topic: What to do in a market correction
Replies: 32
Views: 3046

Re: What to do in a market correction

livesoft wrote:I'm going to add more penguin to my asset allocation in the next market correction.


Is that due to prices "going south"?
by Professor Emeritus
Mon Jul 21, 2014 1:37 am
 
Forum: Investing - Theory, News & General
Topic: What to do in a market correction
Replies: 32
Views: 3046

Re: Anyone attend Worcester Polytechnic Institute

Your daughter can get a part-time job during the school year, too. Is she working this summer? Retail? Food service? Life guarding? For free? Something! She is working as a union stagehand [my 2nd career to pay for college] setting up and running rock shows in major venues on Long Island. Makes gre...
by Professor Emeritus
Sun Jul 20, 2014 8:55 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2262

Re: how often do you look at your account

I look every day. I do something on average 3 x per year.
by Professor Emeritus
Sun Jul 20, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3558

Re: Anyone attend Worcester Polytechnic Institute

WPI undergraduate is a first class engineering education. We take them as graduate students without hesitation. All student engineers should hound faculty and the placement office for job leads. You go see someone every day until you start getting interviews. Jobs don't just fall out of trees. Emplo...
by Professor Emeritus
Sun Jul 20, 2014 8:01 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2262

Re: Ways to lose money and destroy personal wealth by invest

Using Whole Life Insurance in any form as an investment. Where are you getting this from? This is not a fact. You are correct, He should have phrased it as " not realizing that whole life is the lousiest investment you can make" . I agree it is technically an investment in the same way th...
by Professor Emeritus
Sun Jul 20, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9184

Re: NY Times Article - a case for index investing

A new study by S.&P. Dow Jones Indices has some fresh and startling answers. The study, “Does Past Performance Matter? The Persistence Scorecard,” provides new arguments for investing in passively managed index funds — those that merely try to match market returns, not beat them. New arguments?...
by Professor Emeritus
Sun Jul 20, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: NY Times Article - a case for index investing
Replies: 23
Views: 2875

Re: NY Times Article - a case for index investing

The article does not even ask if the 2 firms could be due to pure chance. Back of the envelope says pure chance is 1 / 4096

not far off from 1/1500
by Professor Emeritus
Sun Jul 20, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: NY Times Article - a case for index investing
Replies: 23
Views: 2875

Re: Ways to lose money and destroy personal wealth by invest

Using Whole Life Insurance in any form as an investment. Where are you getting this from? This is not a fact. You are correct, He should have phrased it as " not realizing that whole life is the lousiest investment you can make" . I agree it is technically an investment in the same way th...
by Professor Emeritus
Sat Jul 19, 2014 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9184

Re: Ways to lose money and destroy personal wealth by invest

1) Marrying the wrong person.


2) Using the fantasy word "home equity". A house is an asset, a mortgage is a loan. The buy rent decision on houses, cars seond homes is always complicated but the loan has nothing to do with the case.
by Professor Emeritus
Sat Jul 19, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9184

Re: Market Timing vs. Market Opportunity

Thank you all for your input. I realize now that asking a market timing question on this board is akin to preaching atheism in a Baptist church. I have since decided to use most of my retirement money to open an ostrich farm in Arizona. That market has been down so long now it's bound to bounce bac...
by Professor Emeritus
Sat Jul 19, 2014 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2898

Re: If you own a car, do you have a car payment?

I have owned around 55 cars since 1965, none of them were purchased with borrowed $$. :happy First purchase, in 1965, was a 1960 Renault Dauphine, 3 speed, 32 horsepower, and would hit 65 mph with a good tail wind, $200. Most recent purchase, in 2012, was a 2009 Jetta Sportswagen (2.0 Turbo), $15k,...
by Professor Emeritus
Fri Jul 18, 2014 10:39 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 110
Views: 6488

Re: Hospital bill negotiation

Insured, bill is not past due date. Insurance Company pays 20% until I hit max out of pocket. The only group I can negotiate with is Hospital. Size of bill is 1300 for one bill and 900 for another (2 separate visits). Keep the good ideas coming! What is there to negotiate? Why do you want to negoti...
by Professor Emeritus
Wed Jul 16, 2014 10:20 am
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4162

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

The secured creditor gets exactly what they would get in a chapter 7 To clarify for the OP, notwithstanding this, it's still a bad idea to pay off the car because you would go from being a guarantor of a fully secured debt to being an unsecured creditor in the bankruptcy. You might be better not sp...
by Professor Emeritus
Tue Jul 15, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7305

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

Paying off the loan is a bad idea given the trustee can declare it a preferential payment (see 11 USC section 547) which, in effect, takes your payoff away and disperses it to other creditors. This is why its important that the loan is secured by the car. The secured loan would be paid off before a...
by Professor Emeritus
Tue Jul 15, 2014 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7305

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

Paying off the loan is a bad idea given the trustee can declare it a preferential payment (see 11 USC section 547) which, in effect, takes your payoff away and disperses it to other creditors. This is why its important that the loan is secured by the car. The secured loan would be paid off before a...
by Professor Emeritus
Tue Jul 15, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7305

Re: A question for the Bogleladies or those who can consult

First let me say thank you to all and note that I got a number of PM. I noted sscritics willingness to do some search work and take one for the team. +1 I perhaps should have noted that DW is :D "thriftier " than the average Boglehead :D and perhaps needed some encouragement that at least ...
by Professor Emeritus
Tue Jul 15, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5444

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

For completeness, here's a definition of clawback: Clawback (Wikipedia) I believe this is the relevant usage as applied in this thread: Bankruptcy Clawbacks of Preferential & Fraudulent Transfers (I'm not a lawyer.) If you pay back preferred creditors or transfer property out of your name prior...
by Professor Emeritus
Tue Jul 15, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7305

Re: What To Do During A Correction In Stocks?

The traditional answer, which I agree with, is, last part first: B) during a correction in stocks, do nothing. I strongly disagree. I always have a a good cappuccino and re balance DW's earrings. I check the humming bird feeder and look in my wallet to assure myself the $25 is still there. What's a...
by Professor Emeritus
Tue Jul 15, 2014 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do During A Correction In Stocks?
Replies: 31
Views: 3669

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

My friend is a nice professional guy who got into this big medical/legal bill which he would not be able to possible pay ever and so his lawyer suggested filing bankruptcy.. Friend was nice to tell me this all and also told that he would take care of loan before filing bankruptcy. It's unfortunate ...
by Professor Emeritus
Tue Jul 15, 2014 3:29 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7305

Re: Help a guy with a pension and a 457 plan

If your numbers are correct your pension is worth far more than your non cash investment portfolio. My estimate is close to 2 million dollars. Your human capital is likewise impressive, since a state pension is normally a fraction of salaried income. You own a house and you have prepaid much of your...
by Professor Emeritus
Mon Jul 14, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a guy with a pension and a 457 plan
Replies: 6
Views: 559

A question for the Bogleladies or those who can consult one

The discussion on Purses has emboldened me. Without causing the slightest snickering or snide comments, I am interested in getting very very nice underwear for my DW. It does not appear to be as easy as buying Rockport or North face on amazon.com. She is a lifelong geek, never wears makeup, and wear...
by Professor Emeritus
Mon Jul 14, 2014 3:41 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5444

Re: Anyone here flip houses?

tetractys wrote:My cousin fixes and flips houses. I only fix and flip pancakes and omelets. -- Tet


When you flip a house it tends to fall roof side down. Not good
by Professor Emeritus
Mon Jul 14, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 4579

Re: SPIA pricing and risk beyond 30 years

I have used research in the past that indicates that the best market annuities are within 2-3% of being "fairly priced" on a group basis. Typical case was a company terminating a pension plan and buying a lot of annuities. Individual policy sales do show some adverse selection. I was vice ...
by Professor Emeritus
Mon Jul 14, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: SPIA pricing and risk beyond 30 years
Replies: 5
Views: 1160

Re: Thoughts on 100% stock allocation for 33 year old

I've been at 100% stock since I started investing in my early 20s. I lost 40% in '08 but stayed the course with not even a minute of hesitation. The way I look at it, it's not a real loss until I sell. But now as we are getting older we've started our glide path and recently moved to 95/5. My co-wo...
by Professor Emeritus
Mon Jul 14, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6150

Re: Saving for large house down payment in 6 to 7 years

240 k down payment WOW must be one heck of a house. Not if the down payment is 100%. What about 80% or even as little as 50%? I put $350k down on my house. Do you know what it cost? Answer: Maybe it cost $350k (100% down) and maybe it cost $7 million (5% down). WOW for the $7 million, not so WOW fo...
by Professor Emeritus
Mon Jul 14, 2014 7:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Saving for large house down payment in 6 to 7 years
Replies: 5
Views: 799

Re: Authorized User on CC

I am confused. Is your dad mentally incompetent? Hi Calm Man, My Dad somtimes takes medications. That's when the mistakes occur. He has authorized me to be an authorized user on his credit card, but up to now, I've been able to work in the background...mainly just calling on his behalf to ask quest...
by Professor Emeritus
Mon Jul 14, 2014 7:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Authorized User on CC
Replies: 10
Views: 1026

Re: Assisted Living Residence and Care Agreement - Questions

My parents moved into an Erickson community independent living in Md in 2001. I tried to review the legal documents. for them. They were impenetrably vague on key terms. I consulted with two other lawyers who agreed that they were incomprehensible. The primary issue was the security for the refund o...
by Professor Emeritus
Mon Jul 14, 2014 3:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Residence and Care Agreement - Questions
Replies: 30
Views: 2873

Re: Saving for large house down payment in 6 to 7 years

We need to save a large amount for house down payment ($240,000) in 6 to 7 year horizon. We have maxed out all of our tax-advantaged accounts and have put aside 6 months of emergency fund. Currently we have $150,000 as the base for the saving/investing. This is our thinking on how to invest for sho...
by Professor Emeritus
Sun Jul 13, 2014 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for large house down payment in 6 to 7 years
Replies: 5
Views: 799

Re: Thoughts on 100% stock allocation for 33 year old

Professor Emeritus wrote: As I have said previously talking about portfolio asset allocation is a total complete waste of time unless you analyze your entire financial structure. What are your non portfolio assets and liabilities? E.g. Virtually everyone in T SP ALSO has a FERS DB pension. This is ...
by Professor Emeritus
Sun Jul 13, 2014 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6150

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

SDA (safe deflection angle) studies try to tell you how far you can bend a potato chip. They are quite interesting--particularly when they discovered in the 1990s that you can only bend potato chips about half as far as everyone had thought. But they are limited. The strength of individual potato c...
by Professor Emeritus
Sun Jul 13, 2014 8:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3085

Re: Safe withdrawal rate > 4% if no heirs & ok to deplete ca

Chips aside, thanks to all for the info, insight, and commentary / analysis. :-) I'm about two decades out from traditional retirement age. Quite a way to go, so I've not mentioned specifics. Just wanting to source Bogleheads for various strategies and tactics re: the concept of a Safe Withdrawal R...
by Professor Emeritus
Sun Jul 13, 2014 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rate > 4% if no heirs & ok to deplete captl?
Replies: 32
Views: 3085

Re: Knowledge gaps + anxiety = shame; gender and investing

Gender studies scholars have tried for years to answer very basic questions about gender. But It is a very primitive field. It is almost impossible to separate biological from cultural inputs. But I have actually used Bogle's work to show the importance of evidence that can be separated from gender ...
by Professor Emeritus
Sun Jul 13, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5225
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