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Re: Variable annuity 100k in fees help (UPDATE)

Please don't leave this guy. We need the laughs. Got any more good ones?
by bberris
Tue Sep 02, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 13
Views: 852

Re: Trip to the Caribbean - Suggestions

I'll chime in with a couple good points about my home Island of Aruba - it's very easy to get around, and it is VERY safe, especially compared to the rest of the Caribbean Natalee Holloway. I have two reasons not to go to LA. Ron Goldman and Nicole Simpson. Actually three, it's not easy to get arou...
by bberris
Sun Aug 31, 2014 5:09 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 39
Views: 2315

Re: The Power of Zero: Controversial New Book About Taxes

Wouldn't politicians rather choose the hidden tax method -- i.e. inflation -- rather than outright taxes? That seems rather more likely to me. Inflation is like a tax on savers because it reduces their spending power. But it's not a tax on everyone. It's a benefit for debtors. Since every dollar is...
by bberris
Sat Aug 30, 2014 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: The Power of Zero: [Book and tax planning for retirement]
Replies: 51
Views: 4648

Re: What if there were only index funds?

It's not going to happen. When indexing gets too big, active investors will be able to pick off a few bucks from indexers. Then that will attract more active managers. Then they won't be able to outperform the index anymore. We will just get to an equilibrium point where active management is just ma...
by bberris
Sun Aug 24, 2014 5:58 pm
 
Forum: Investing - Theory, News & General
Topic: What if there were only index funds?
Replies: 23
Views: 2114

Re: Do you tip on the tax? [Restaurants]

Yes I tip on the tax. But I give that tip to the state because of all their hard work.
by bberris
Fri Aug 22, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 4985

Re: Do Super wealthy have access to different investing vehi

3) in terms of more return/less cost based on leverage. Yes. e.g, normal people pays 4% for 30-year mortgage, while if you have enough money you can pay less than 0.5%. I'm all ears for a source for this. (That means that I believe it to be false. :) ) While we're talking about the secret advantage...
by bberris
Sat Aug 16, 2014 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6280

Re: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.

jlawrence01 wrote:I have a question.

Is there any way to download the 2014 software so that I can model our what my taxes will be for TY 2014?

From the 2013 version, click on "Next Year" tab and click through a few more pages to get an estimator for 2014 "Tax Calculator".
by bberris
Thu Aug 14, 2014 6:37 am
 
Forum: Personal Consumer Issues
Topic: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.
Replies: 6
Views: 717

Re: Reticient sibling [Dispute over execution of trust]

in terrorem (no contest) are very handy for an executor who wants to steal the estate blind . We had a case where the executor awarded himself 60% of the estate and told the 4 sibs they would get NOTHING if they did not let him have the money. I'm not following. How does an executor award himself a...
by bberris
Mon Aug 11, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2988

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

One of the problems with this is that Hold Security is not notifying sites if their credentials are in the database unless they pay a fee. This is really problematical. http://www.itworld.com/data-protection/430486/massive-russian-hack-has-researchers-scratching-their-heads I'm always wary of peopl...
by bberris
Sun Aug 10, 2014 2:58 pm
 
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 7496

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

I'm skeptical about this. The guy is promoting protection service. How does he know?
I know it doesn't hurt to change your passwords. But the NYT and others sound way too gullible.
by bberris
Sun Aug 10, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 7496

Re: FICO to raise credit scores

This raises an interesting question. Is there a limited amount of money available for consumer lending? I think there is. If so, it doesn't matter if everyone's score goes up. There's always someone in last place.
by bberris
Sat Aug 09, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICO to raise credit scores
Replies: 11
Views: 1830

Re: Telephone Calls! Help!

The free app whoscall will try to identify based on caller ID, and then give you the option to block the number. It also lets you know if another user identified or blocked it. I don't answer any caller id that I don't recognize. I figure I've lost out on 50 different lotteries, Nigerian legacies, a...
by bberris
Fri Aug 08, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: Telephone Calls! Help! [Stopping telemarketing calls]
Replies: 100
Views: 6284

Re: Using a credit card to buy/sell bitcoin, Make $ volatili

Well you can always try to get away with it. Worst that can happen is Fed prison, which I've heard is not as bad as Angola. But I think you will more likely come back here asking "Can I write off my bitcoin losses against my income?"
by bberris
Wed Aug 06, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using a credit card to buy/sell bitcoin, Make $ volatility
Replies: 7
Views: 748

Re: How do you document your HSA "stuff?"

I'm still trying to figure out how to prove that I was not reimbursed for my copays and deductibles. Blue cross sends me an eob that says that they didn't pay, but that doesn't prove that I didn't have a supplemental policy that paid.
by bberris
Mon Aug 04, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2180

Re: HSA Strategy for high income earners

Keep in mind an additional HSA benefit is that you pay no payroll taxes on it. This is just a marginal benefit (1.45 % medicare tax) for those above the social security tax limit. But that makes it better than any ira or 401k on which payroll taxes must be paid. You aren't tied to your employer's HS...
by bberris
Mon Aug 04, 2014 9:08 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5561

Re: credit card 0% teasing rate question

Check the terms. Usually the payments are applied first to the 0 % loan, meaning its not going to save you much if you already carry a balance.
by bberris
Fri Aug 01, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: credit card 0% teasing rate question
Replies: 8
Views: 495

Re: Individual Stocks with Perks

Inspired by a comment on another thread, let's discuss which individual stocks have perks that come with ownership of said stock. Example: Berkshire Hathaway shareholders get up to an 8% discount on their Geico insurance. I believe you only need to own a single share. All you need to do is tell Gei...
by bberris
Thu Jul 31, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Individual Stocks with Perks
Replies: 21
Views: 2116

Re: Taking out mortgage with zero down. Smart or no?

No, No, NO! My wife and I bought a house 9 years ago with no money down. We thought prices will never go down and only keep going up so we better buy now even though we have to finance 100%. Well the bottom dropped out and we are still underwater. You can tell yourself this will not happen to you b...
by bberris
Mon Jul 28, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 64
Views: 3256

Re: Financial planning plz advise

Right, no taxes and penalties. I was just pointing out that borrowing from a 401k does not leverage one's remaining investments in the 401k, because investments are sold to fund the loan. In that sense, its a withdrawal. You could compare that to borrowing from a margin account, where you actually a...
by bberris
Mon Jul 28, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial planning plz advise
Replies: 9
Views: 823

Re: Financial planning plz advise

Revision: I reread OP. I see that Google matches 1:1 up to 17.5 k. I see your logic in borrowing from 401k- you letting Goog to help you do some of your financing. Be careful that you are leveraging. Do you mean he's leveraging his 401k? Or his real estate investment? No, he's not leveraging his 40...
by bberris
Mon Jul 28, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial planning plz advise
Replies: 9
Views: 823

Re: Do any boggleheads invest in individual companies?

I own 1 share of BRK.B, just to get the 8% discount on my Geico bills :D In 2009/2010, I did invest in several companies which I thought would rebound faster than the whole market - Ford, Bank of America, Harley Davidson, Citibank, American Capital. 3 years later, the market had outperformed my sel...
by bberris
Mon Jul 28, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 5766

Re: Tendering shares of HSH

There's no tax consequence for tendering your shares in an ira of any sort.
You may want to read the document to see what happens if you don't tender. you could end up being a shareholder in the acquiring co.
by bberris
Sat Jul 26, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Tendering shares of HSH
Replies: 3
Views: 443

Re: Dad had a whole life policy but it sounds like term life

36% / 14yrs = 2.6% gain per year Does this sound right? No. The entire concept of "return" is inapplicable when applied to death benefits (unless you are in the mafia). Think it through -- the best financial scenario would be to die immediately after paying your first premium. You'd have ...
by bberris
Thu Jul 24, 2014 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Dad had a whole life policy but it sounds like term life?!
Replies: 25
Views: 1725

Re: Increase 401k Contribution Limits through Self Loans

Incorrect. The interest and principle payback is not tax deductible.
It's also a little misleading when they call these distributions "loans". Investments will be sold in your account to fund the distribution. They will be repurchased when you make payments back to the 401k.
by bberris
Thu Jul 10, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Increase 401k Contribution Limits through Self Loans
Replies: 12
Views: 678

Re: real estate fraud?

Was the house torn down and a new one built on the same lot ten years ago? Public records are tied to the lot.
by bberris
Tue Jun 24, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: real estate fraud?
Replies: 33
Views: 2673

Re: Help devising winning roulette system

I found a poker machine in LV that actually had a slight advantage to the player. But it only let you bet 25 c. I won $15 or so. I later read that your expectation if you could play incredibly fast and without mistakes you would make an average of 5 or 6 bucks an hour. So my system for beating the c...
by bberris
Mon Jun 23, 2014 9:02 pm
 
Forum: Personal Consumer Issues
Topic: Help devising winning roulette system
Replies: 72
Views: 3243

Re: is it normal to have more in your taxable accounts

What I like about my taxable account is that 2/3 of the dividends are tax free.
by bberris
Thu Jun 19, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1717

Re: Retiring to a state with expanded Medicaid?

mhalley wrote:If you have to go on medicaid, you haven't saved enough money to retire yet. My opinion.
...
Mike


I'm curious how you could form that opinion when he didn't tell you how much he had saved. WV has no asset test for eligibility.
by bberris
Tue Jun 17, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiring to a state with expanded Medicaid?
Replies: 16
Views: 1125

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. Less hyped? Hype is what he is looking for. OP, go ahead...
by bberris
Sat Jun 14, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: I want to buy a stock.
Replies: 43
Views: 2545

Re: Tax simulations?

Taxact has a forecaster called the Tax Calculator. Its under the Next Year tab, after you click continue a few times. They have the brackets adjusted for 2014 (which I guess are official now) and estimated 2015 brackets.
by bberris
Fri Jun 13, 2014 7:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax simulations?
Replies: 6
Views: 886

Re: Allianz Travel Insurance Question

My credit card has free travel insurance for trip cancellation. I made a claim once and got paid pretty fast. Check yours. For medical, my regular insurance covers me (Blue cross) for emergencies anywhere. I also made a successful claim with them for a dr visit to a river cruise. The point is you ar...
by bberris
Wed Jun 11, 2014 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Allianz Travel Insurance Question
Replies: 8
Views: 539

Re: why not closed end mutual funds?

Load doesn't enter into it. They trade like stocks so you pay whatever commission you would pay on a stock trade. Almost all have expenses higher than vanguard funds and index etfs. I think that is because of the closed end format; there is no competition among funds to lower costs such as has happe...
by bberris
Sat Jun 07, 2014 6:19 pm
 
Forum: Investing - Theory, News & General
Topic: why not closed end mutual funds?
Replies: 27
Views: 1477

Re: Can we have negative interest rates?

I didn't know this was possible, but apparently it is. I guess interest rates can keep falling forever. Maybe we ain't seen nuttin yet. Buy Bonds! Even before those nasty inflation figures on Tuesday, negative interest rates in the euro zone were considered a done deal. As one of the only countries...
by bberris
Thu Jun 05, 2014 7:25 am
 
Forum: Investing - Theory, News & General
Topic: Can we have negative interest rates?
Replies: 33
Views: 3257

Re: bidet for a boglehead

Since interest rates have no where to go but up, can I just count my drinking fountain as my bidet allocation?
by bberris
Sun Jun 01, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: bidet for a boglehead
Replies: 19
Views: 2188

Re: Delaying Social Security benefits - information from NAS

I take issue with presentations that imply an individual (not a couple) will benefit from waiting and "get more money" -- per month, yes, but not necessarily more total benefits. And I don't like the growing stigmatization of 62 year olds who start benefits as needier than others. We have...
by bberris
Sat May 31, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: Delaying Social Security benefits - information from NASI
Replies: 31
Views: 2212

Re: Tips yield [How can the yield be negative?]

Negative nominal interest rates appeared in 2013 on tbills. Although it looked like people were paying to lend money to the government (instead of stacking 100s in their safe deposit box), that isn't the reason rates went below zero. The tbills were/are needed for security for other leveraged bets t...
by bberris
Wed May 28, 2014 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Tips yield [How can the yield be negative?]
Replies: 16
Views: 1471

Re: Pay off son's mortgage - need advice

A gift of over 100 k would involve you paying a gift tax. The lawyer was wrong (I think probably a miscommunication); 2nd mortgage can foreclose, but they won't bother if the 1st is underwater because they won't get anything. My guess is that they would be open to a settlement. That would put a mark...
by bberris
Mon May 26, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off son's mortgage - need advice
Replies: 14
Views: 995

Re: Term vs Permanent Life Insurance

In my state you can't purchase term insurance after 70 .. Why? Very few, if any, insurance companies write term policies for elderly customers. Term has a low (2%) expectation of going to claim and all the models insurance companies use are based on that. Very interesting! I always thought they use...
by bberris
Fri May 23, 2014 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term vs Permanent Life Insurance
Replies: 22
Views: 1275

Re: "Double billing" FSA and HSA?

You are considering double dipping so its certainly not legal. I don't need to look it up. Would you get caught? Probably not. Do you feel lucky?
by bberris
Sun May 11, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: "Double billing" FSA and HSA?
Replies: 4
Views: 348

Re: Tax for 401k Cash-out NON-USA citizen?

I'm guessing you will have 30 % withholding. Try taking out $100 and see what happens.
You may not actually have to pay taxes at that rate, but you would have to file a return to get a refund.

Despite comparisons of the US and Greece, the US does not make it easy to evade taxes.
by bberris
Fri May 09, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax for 401k Cash-out NON-USA citizen?
Replies: 8
Views: 561

Re: Tax for 401k Cash-out NON-USA citizen?

I checked NON-USA, and this country does not have a tax treaty with USA. In fact, I could find no evidence for the existence of a country called NON-USA, but I accept your word that you are a citizen of that place. Depending where you live, you could be paying up to 30 % withholding tax to withdraw.
by bberris
Fri May 09, 2014 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax for 401k Cash-out NON-USA citizen?
Replies: 8
Views: 561

Re: Inland American RIET repurchase offer, Should I sell?

Hi all, .... If say you really cannot afford to sell at 6.00 (don't forget to factor in the tax losses! that's a significant upside-- 28% of losses?) vs. say $10.00 you might want to hold on. But if you can afford to take that (net!) loss then it's better to get out the exit whilst you can and rede...
by bberris
Thu May 08, 2014 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Inland American RIET repurchase offer, Should I sell?
Replies: 14
Views: 812

Re: What our company's 401k Advisor said about 1.5% Fees

Look at it this way. Your safe withdrawal rate is 4 %. You are paying 1.5 % per year. It doesn't matter that you aren't withdrawing yet. That 1.5 % fee is 37.5 % of your withdrawal. In other words, the advisor is taxing you 37.5 %. And you thought your government taxes were high! If you plan on work...
by bberris
Wed May 07, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 15280

Re: Inland American RIET repurchase offer, Should I sell?

It's a REIT. We don't know what its worth and neither do you. What you do know is that it doesn't fit your current investment needs, assuming that you are a BH since you found your way here and are asking advice from them. Holding on with the hope that they go public is just speculating on a single ...
by bberris
Wed May 07, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inland American RIET repurchase offer, Should I sell?
Replies: 14
Views: 812

Re: New Identity Theft Scam

Current prevailing theory is that Nigerian/419 email scams are intentionally poorly written so that only the most gullible (or the anti-419 crowd) bothers to respond to them. This self-selection bias allows them to focus resources on the easiest marks. That's a little deep. My theory is that they l...
by bberris
Tue May 06, 2014 9:01 am
 
Forum: Personal Consumer Issues
Topic: New Identity Theft Scam
Replies: 20
Views: 2617

Re: Real estate vs total stock market

Leverage. If you have $50k you can only buy $50K worth of stock but you can buy $200K worth of RE. Not true. You can buy 100 K of stock with 50 K. The difference is you can get a margin call and be forced to sell in the stock market. If you can't make your interest payments on the margin loan, you ...
by bberris
Sat May 03, 2014 9:26 pm
 
Forum: Investing - Theory, News & General
Topic: Real estate vs total stock market
Replies: 44
Views: 3494

Re: Predicting Total Tax Loss Harvest Amount for a 15 year s

I don't get the ridicule directed at the OP. He's not trying to time the market, he just wants to know about downside variability. That is a number that can be estimated based on history. As for investing with the purpose of TLH, of course he is not. But sometimes losses happen, even if you hope the...
by bberris
Fri May 02, 2014 7:13 am
 
Forum: Investing - Theory, News & General
Topic: Predicting Total Tax Loss Harvest Amount for a 15 year span
Replies: 17
Views: 872

Re: Avast loaded malwhere with updated "protection".

I think you clicked on a fake link. Tried Malware bytes for removal?
by bberris
Wed Apr 23, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Avast loaded malwhere with updated "protection".
Replies: 20
Views: 4313

Re: Success with free extended warranty benefit from cred ca

Not an extended warranty but related: trip cancellation insurance coverage with Chase card. I made a claim for wife's cancelled trip with Chase credit card. The fare was $230 and we got back $200. I'm not sure why the shortage but I'm guessing Am. Air has a $200 change fee. Anyway, I was happy. We h...
by bberris
Fri Apr 18, 2014 8:14 pm
 
Forum: Personal Consumer Issues
Topic: Success with free extended warranty benefit from cred cards?
Replies: 14
Views: 1368
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