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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: 392

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: 1535

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: 3053

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: 792

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: 792

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: 5408

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: 383

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: 1669

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: 670

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: 2648

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: 3122

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: 1706

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: 1114

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: 2524

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: 881

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: 525

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: 1431

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: 3196

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: 2182

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: 2190

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: 1452

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: 987

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: 1250

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: 345

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: 551

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: 551

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: 792

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: 15021

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: 792

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: 2595

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: 3451

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: 838

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: 4289

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: 1348

Re: Options for the medical grad but no residency

Seems like Big Pharma is the place to look. Good pay, benefits, 9-5. Especially if she has a good math, statistics ...
I'm not sure if they require residency.
by bberris
Thu Mar 20, 2014 6:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 95
Views: 7721

Re: Is the foreign tax credit worth it?

The FTC is not really a benefit or a reward for investing in foreign securities. Its just a refund of the tax you paid to other countries. In effect, you are still taxed at the US rate. Edit: Rereading OP I see the question may be where to put international, taxable or sheltered. Putting the interna...
by bberris
Sun Mar 16, 2014 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the foreign tax credit worth it?
Replies: 17
Views: 1158

Re: Bogle & [NY] Subway [Train]

You're joking, right? Only a little. Like I said, he started at Penn Station and was going uptown for a business meeting. There's only so far "uptown" from Penn Station that a business meeting is likely to take place. Taking the subway over such a short distance doesn't always save a hell...
by bberris
Sat Mar 15, 2014 5:04 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Bogle & [NY] Subway [Train]
Replies: 31
Views: 6282

Re: Cheap good kindle books?

How about free? Your library probably has a deal with overdrive to provide lendable (expiring in 3 weeks) ebooks.
Also:

www.gutenberg.org for books off copyright in US

u of adelaide has even more books available for free, and they don't seem to overlap with gutenberg
by bberris
Wed Mar 12, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Cheap good kindle books?
Replies: 10
Views: 988

Re: Large capital gain this year

I'm no expert but it sounds like your philosophy is "I'd rather loose the money in the market than pay the taxes to the government". Personally - I'd take the money - invest it correctly - and take the tax-hit. I think you have it wrong. He wants to own a portfolio of stocks, maybe win ma...
by bberris
Tue Mar 11, 2014 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Large capital gain this year
Replies: 79
Views: 4204

Re: Reporter doing story on IRS Audits

I think its great that the press is going to investigate what the FBI refuses to investigate.
by bberris
Sat Mar 08, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on IRS Audits
Replies: 11
Views: 1250

Re: Adventurous Grand Canyon Trip

Check out the Sierra club trips. I got all the adventure I could handle on the Royal Arch route.
by bberris
Wed Mar 05, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Adventurous Grand Canyon Trip
Replies: 18
Views: 1133

Re: Don’t Become Shark Bait

Also, watch out for the shark-infested sea of ethnic affinity fraud. We tend to let down our guard with people on the same "team".
by bberris
Sat Feb 22, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Don’t Become Shark Bait
Replies: 29
Views: 4346

Re: Pension Withdraw--What Would You Do?

Waiting to get a 7 % increase in an annuity is not the same as getting a 7 % investment return. The annuity payments you skip by waiting are gone forever. You can think of it as using your skipped payments as an additional annuity purchase. Is your pension low enough to be PBGC covered? Bankruptcy o...
by bberris
Wed Feb 12, 2014 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Withdraw--What Would You Do?
Replies: 11
Views: 1220

Re: backing out of home purchase

If the market is that hot, try selling your contract.
by bberris
Tue Feb 11, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: backing out of home purchase
Replies: 22
Views: 2120

Re: NOTE LLC - what happens when due?

Try asking the broker where the payments are. Probably worthless given no bid and a lack of payment history. Should be good for a capital loss, so maybe you can get your broker to document a zero value.
by bberris
Thu Feb 06, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: NOTE LLC - what happens when due?
Replies: 6
Views: 634

Re: NOTE LLC - what happens when due?

Are you getting payments? On time? Have you seen the actual note? It should specify how payments and final payment will be made.
by bberris
Thu Feb 06, 2014 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: NOTE LLC - what happens when due?
Replies: 6
Views: 634

Re: HSA and tax reporting (HDHP premium)

It looks like a payroll fail to me. My w2 shows line 12W with HSA contributions, employer + payroll deduction as one number. No insurance premium included there. Line 12DD shows the cost of employer sponsored health care. I contribute to this as well but I don't know if the figure includes my payrol...
by bberris
Tue Feb 04, 2014 8:23 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA and tax reporting (HDHP premium)
Replies: 3
Views: 524

Re: Another Social Security spin......

The trust fund balance is irrelevant to social security. Benefits and taxes are whatever Congress and Pres want them to be. Limiting benefits to the trust fund plus taxes only reflects current law, which will probably change in the next 20 years maybe even more than it has changed in the past. Even ...
by bberris
Sun Feb 02, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Another Social Security spin......
Replies: 48
Views: 3001

Re: Another Social Security spin......

I wonder how many people who took social security early are also thinking of buying an annuity.
by bberris
Sat Feb 01, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Social Security spin......
Replies: 48
Views: 3001
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